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\K>* % 194Q BANK 1 W V ' k jk U. REG. S. PAT. 1 OFFICE MAY IN RETROSPECT Page Page Commercial and Financial Events 1 Hides and Leather Cotton 9 Iron and Steel Trade ------ Course of Stock Market—— Dividend Declarations — Foreign Exchange 14 12 New Petroleum and Its Products 11 9 _ 9 _ 9 United States Treasury Financing 8 Grain—Coffee—Sugar ____ ___ Textiles 15 — Security Issues Rubber. ___! 4 ---* 7 Money Market 15 — Federal Reserve Bank—Brokers' Loans Foreign Affairs 13 8 - 11 INDEX TO STOCK EXCHANGE QUOTATIONS Page Baltimore Stock Exchange— Boston Stock - Exchange _ Chicago Stock Exchange _ Cleveland Stock Exchange. Detroit Stock Los _ _ Exchange. _ Angeles Stock Exchange. _ Page 57 New York Curb 58 New York Stock Exchange—Bonds 19 Exchange—Stocks 31 Exchange. 41 54 New York Stock 59 Philadelphia Stock Exchange., 60 Pittsburgh Stock Exchange 64 San Francisco Stock 61 _ 66 — Exchange. 62 INDEX TO GENERAL QUOTATIONS Page Page Banks and Trust Companies— Municipal Bonds— Domestic —102 Domestic Canadian 94 84 — Federal Land Bank Bonds-. — _______ Public Utility Bonds 92 Exchange Seats—— Foreign Government Bonds. 92 Canadian. 111 ... Public 93 Railroad Bonds 73 Utility Stocks 78 _• 67 Industrial Bonds 81 Railroad Stocks Industrial Stocks 85 Real Estate Bonds Insurance Stocks 100 Investing Companies Securities Real Estate Trust and Land Stocks Securities ... Stocks 84 92 92 June 0, WILLIAM B. William 85 United States Territorial Bonds. 85 ■» ____. United States Government Securities. Mining Stocks 85 Title Guarantee and Safe Deposit Mill Stocks—see Textile Stocks— J 85 Textile Stocks 72 Joint Stock Land Banks— - 71 101 ■ — DANA t ■ 104=O " . ~~ COMPANY, Street, Corner op - PUBLISHERS Spruce Street, New York iili Jtaf* Jjepusit autt ^rust Ca. BALTIMORE— —OF Capital $2,000,000 Surplus and Profits $4,196,364 gJINCE 1876 this Company has devoted itself exclusively to the management and conser¬ estates—specializing the whole effort vation of of its It is highly trained organization in this business. one country of the which few trust has never companies in the engaged in general banking, selling securities, etc. Its Directors are: Charles H. Babcock A. E. Duncan Edwin G. William L. Galvin Baetjer William G. Baker, Jr. Robert Garrett Howard Bruce J. Edward Johnston George C. Cutler Blanchard Lyman Delano Charles E. Rieman Randall BANK/QUOTATION RECORD U. REQ. as OFFICE PAT. WILLIAM B. DANA COMPANY, in office of Librarian of Congress, Washington, D. C. March 9, 1928, at the Post Office at New York, N. Y„ under the Act of March 8, Copyright in 1940 by Entered 8. "to Bank make The and is issued of the Commercial & Financial Chronicle publication of the companion monthly. within the United States $19.50 in Canada; $21.50 in South Terms for the Chronicle are $18 per annum and U. S. Possessions and Territories; Mexico and Cuba, America. Spain, and $23 in other foreign countries. the Bank and The subscription price to a Quotation Record is $12.50 Single copies are sold at Postage outside of United States extra. year. $1.50 per copy. Salle Street. South La WILLIAM $200,000,000 OF President the nature of a $3,300,000,000 national $4,500,000,000. and Con was similarly moved toward translating the plans actual legislative appropriations and authorizations. later enlarged to defense program, gress into the At the urgent of its own the Administration result a the preparation time in lost no As forces. defense national review with of Hol¬ reappraisal and modernization necessity for a time President same industry specially constituted of its leaders to a some establish can by its very aggressor an on strong bases within went the be National Defense on radio the on in defense. done to Speaking from the secure armed of one May 26 to report to the people national will fireside his the status of on House, White the everything necessary defenses of United the States at this time, when the world "is threatened by forces of destruction." the liis In address President the counseled people against panic, defended the armament program during his Administration, said that leading industrialists be called upon would expansion, and in carrying out the national defense emphasized his intention social reforms of the last few years are that "war millionaires" no In arm. created are to the that see not sacrificed, and the in rush to re¬ addition, he warned the Nation against the new column" "fifth technique "weakening of nation a its at roots." very leaders congressional and Commission, Defense National private upon in effectuating the vast new program by aid to appointing Roosevelt called defense effective equipment to attack he President on their the peaceful nations overran before route "an that the President assured the Nation that Belgium aroused the United States to and land forces German said fn "Fireside Chat" President Reports EVENTS speed during the month under The startling which In explaining the necessity expansion of the national defense forces, requires the The MAY—COMMERCIAL AND FINANCIAL said, Roosevelt Mr. presidential fund, personnel for these weapons." chats REVIEW $186,000,000," and of sum obligations for $100,000,000. principally for the increase of production of for the immediate COMPANY, Publishers, corner Spruce Street. New York William Street further the airplanes, anti-aircraft guns and the training of additional DANA B. in territory of American vital interests." Drapers' Gardens. E.G. Smith, 1 OFFICE—Edwards & LONDON obligations the President to make contact would "be used his OFFICE—208 CHICAGO contract to authorize Quotation Record and The Bank and Ouotation Record is one Central NO. 6 NEW YORK, JUNE 6, 1940 VOL. 13. and 1879 Second Class Matter, Congress Asked by President for Additional $1,000,000,000 for National Defense whipped new tax legislation into shape to help finance the In thus acting, the United States was embarking program. defense program in largest peace-time national the upon In rebuild them (our national defenses) of warfare its history. on Netherlands Embargo Against Withdrawals of Belgian and As in the of Norway and Denmark, President Roose¬ case the situation created by the unpro¬ velt undertook to meet placing Holland of invasion and Belgium on May 10 by embargo against the withdrawals of Belgian and an this in investments Netherland President "froze" countries are some $400,000,000 understood the President's the name order all Belgian of or to have credits Acting country. clarifying resolution which he had signed or more that invested in Netherland under the United second national defense Under States with the methods as in which he message dollars for the further expansion and mechanization of the military establishment over and abbve that provided by his original of events said the In concluding the in four President, past two weeks that, before the authority me appropriation by in the made was "almost incredible European conflict." the his message the President made the specific recommendation "grant additional The plan. necessary, the two here. nationals a a May 7, the on May 31 swiftly swiftly change," the President sent to Congress asked for a supplementary appropriation of "over a billion" Investments voked keeping with his "fireside chat" promise that "we shall adjournment Congress the to call into active service such portion of the National Guard as may be deemed necessary to maintain our position of neutrality and to safeguard the national defense." . exceptions cannot be transferred except under license from the Following this action, President Treasury. with conferred his Roosevelt program. Some days later authorize dition sides aisle, asked the national Legislature to appropriate of the or (May 16) the President went before Con¬ plea which met approval from both and in a gress $1,182,000,000 for the Army and Navy in ad¬ the about $2,000,000,000 to budget should cooperate with force of already requested in his Declaring January. last message him in building up that a Congress fighting air 50,000 planes and an aircraft industry which could produce 50,000 airplanes a year, the President asked Con¬ gress for divided as immediate an appropriation of $806,000,000, follows: national In for President security and addition gress to the to prepare the industrial economy for the de¬ program, President On May the 28 announced the appointment of an Advisory Commission of National De¬ composed fense, economist, which a was of labor two industrial leader reconstituted and leaders, under authority New a The others. Deal Commission granted the to President under a national defense Act passed in 1916 will act in conjunction with a Council of National Defense which President set up at the same time and which is the com¬ posed of the Secretaries of War, Navy, Interior, Agricul¬ ture, Commerce and Labor. Edward R. to The President made the fol¬ to the Advisory Commission: lowing appointments Stettinius Jr., Chairman of the Board of U. S. Steel Corp., supervise the steady flow of raw materials from mines to factories and William $250,000,000 for the Navy and Marine Corps. $100,000,000 to beyond to the point of fabrication. $546,000,000 for the Army. the order In mands which will be made upon it by his new national de¬ fense Appropriations Sought by President to Provide for Emergencies on National Defense Cabinet officers, military advisers and legislative leaders and worked into shape a new national defense Appointment by President of Advisory Commission "to provide command for emergencies affecting defense." the above sum, the President asked Con¬ authorize the Army, Navy and Marine Corps forms and S. of Knudsen, industrial President of manufacturing the multifarious items General of needed tanks, in the Motors Corp., airplanes, program to be in engines, uni¬ the first after processing stage. Sidney Hillman, President of Amalgamated Clothing Workers of America, to coordinate employment policies in the so-called war industries, including the training of apprentices for non-combatant duties. MONTHLY 2 Chester Reserve 0. member Da vies, System, of Board the of Governors the Federal of seek to conform national agricultural policy to with the defense program. Chairman of the Executive Committee of Chicago Burlington & Quiney Rlt., to take charge of all transportation problems and prevent bottlenecks which might threaten quick deliveries. Leon Henderson, member of the Securities and Exchange Commission, to Ralph Budd, and President REVIEW finger-printing and registration of aliens. At the same time (May 27) passed the LaFollette Civil Liberties LaFollette Oppressive Labor Practices Act. Al¬ Senate the bill, or the though greatly amended on the floor, no interstate industry shall employ set greater than 10% of its total personnel. It also forbids the employment of any Nazi or Communist. The primary aim of the bill is to outlaw the use of strike-breakers and up the to direct efforts of Women of consumer protection. Dean Elliott, on at price stabilization in fields. materials be adviser and bureau statistical a raw Harriet the University of North Carolina, expressed with the appointment of this Commission, because it was made technically sub¬ ordinate to the Cabinet members who form the Council of National Defense. The indications were, however, that the President would give the Commission a relatively free hand let the Cabinet members actions. Commenting along these lines to a press conference, on May 30, the President said that the Advisory Commission would have all the responsibility of its World War predecessor and that its members would be directly responsible to him without having to clear through any intermediate Cabinet performing its duties and not in exercise serious veto power over its a Army and Navy delivery of the President's first national of May 16 Congress shunted aside most domestic problems it had been considering and of devoted attention to passing legislation which would imple¬ President's recommendations for modernizing ment the Army and Navy and the Acting im¬ rebuilding the air fleet. the Senate unanimously adopted (May 16) a resolution recalling from conference the $963,000,000 Navy mediately, Department appropriation bill so that the $250,000,000 of additional funds asked by Mr. Roosevelt in his May 16 could be added. At the same time Chairman May of the House Military Affairs Committee introduced a bill authorizing appropriations totaling $726,000,000 for the message The Navy Department bill, carrying a $1,474,000,000, was approved by the Senate on May 23 without a dissenting vote, and sent to conference. The House recommitted the measure to conference on May 30. The May bill was altered to authorize the un¬ limited purchase of Army airplanes and to provide for the clearing away of legislative restrictions on the rapid ex¬ pansion of defense and passed by the House on May 24. In effect, this measure authorizes things for which funds had already been approved by the Senate when it passed the $1,823,000,000 War Department appropriation bill on Department. War total of new bill, which The Senate-approved War Department May 22. appropriations for the coming year and carries all regular funds slightly in excess of those requested President, was passed by a vote of 74 to 0. emergency the Naval Aviation Another measure designed by Expansion Bill to carry national defense recommendations was out the President's the Naval Aviation Expansion bill which was submitted to Congress on May 21 which provides 10,000 airplanes and 16,000 pilots for and Navy. The bill authorizes expenditures of $124,132,000 principally for the acquisition of new air training bases and the enlargement of facilities of existing ones. The House adopted this measure on May 28 by a vote of 402 to 1. the the same time the At House adopted another measure de¬ signed to expedite naval construction. Ship Construction bill, as it was called, which was approved May 28 by a vote of 401 to 1, endeavors to cut red tape, so that the Navy may speed the construction of the 68 vessels which it now has on the ways. It permits by the President, contracts without advertising for bids and to Secretary of Navy, when authorized the to negotiate advance the contractors the present waive recapture of profits in excess of 10% on airplanes on contracts not in excess of vessels $25,000 labor restrictions but does and 12% per unit. The measure eases suspend the Walsh-Healey Act. not on Reorganization Plan No. V—House Approves outgrowth of the preparedness drive the President an activities by transferring control over aliens from the De¬ partment of Labor to the Department of Justice. "The startling sequence of international Congress did measures were not in the meantime adjourn), companion introduced in both Houses making the plan effective 10 days after congressional approval of the resolu¬ The House May approved this resolution by a voice vote 27 and the Senate by a vote of 56 to 4 on May 31. Other Measures to 34 a resolution to invalidate the President's Reorganiza¬ Thus the plan goes into effect on June 10 adjourns before that date. Plans to Finance National Defense — Congress Acts to Formulate tation of Taxes—Rise in Debt Limi¬ Proposed in Increase of $700,000,000 $3,000,000,000 the. national defense program was being acted upon, a developed in Congress to finance the huge ad¬ ditional expenses by imposing new taxes. This movement As movement reached its climax on May 30 when Representative Dough- Chairman of the House Ways and Means Committee, introduced a tax measure designed to furnish at least $656,ton, 000,000 annually by adding approximately 10% to the Na¬ tion's tax bill and which raises the national debt limit $3,000,000,000 from $45,000,000,000 to $48,000,000,000. The would impose a 10% "super-tax" on income taxes measure payable next March 15 and for five years thereafter, and also imposes additional taxes on cigarettes, gasoline, liquor and theater admissions. The estimated proceeds from the increases are to be earmarked by the Treasury for redemp¬ $3,000,000,000 "national defense series" of bonds be issued to pay for the national defense tion of the would which expansion program. Action $1,111,754,916 Relief Bill—$975,650,000 Proposed for on is WPA the President's $4,500,000,000 defense program Although expected to bolster industrial activity and thereby re¬ have been made in the Charging that the Work Projects Administration program had been marked by waste, politics, &c., the House Appropriations Committee reported on May 15 a relief bill carrying total appropria¬ tions of $1,111,754,916, of which $975,650,000 is for the WPA. In line with a recent presidential recommendation, the bill authorizes the President to spend the entire amount in duce unemployment, no changes Administration's relief program. A provision was inserted in the pre-election rises in WPA rolls. Before eight months if necessary. bill to the House prevent voted on the bill the President in a letter to Cannon of Missouri asked the House to eliminate the provision in the bill limiting to $50,000 the Federal contribution to any WPA project. The House Representative agreed to the President's suggestion and passed the meas¬ by a vote of 354 to 21 on May 23. Aside from the $50,000 limitation provision, the only other change made by the House in the bill as it was reported was the adop¬ tion of an amendment which prohibits employment of Communists and members of Nazi bunds on WPA projects and from affidavits requires that applicants th)ey are neither. Hatch "Clean Politics" Bill The House Judiciary Committee on 29 favorably May reported the Senate-approved Hatch bill to extend to Fed¬ eral-State employees restrictions on activity now political applied solely to Federal employees. The committee, which had previously shelved the legislation, then reversed itself and agreed to give it further consideration, was said to have still measure House Rules House for Meanwhile the Senate Judiciary Committee favorably re¬ the requires a favorable report from the floor of the Committee before it goes to the final action. Washington Associated Press ad¬ vices, May 29, said: The Act Hatch legislation would broaden the so-called Hatch Clean Politics passed last year for Federal workers. paid in whole nicious It to any one activity. limit would Another in any provision person workers restrictions on per¬ It would apply to State in part by Federal funds the Act's or political also $3,000,000 to the expenditures of a national campaign committee campaign. would limit the total contributions by of campaign $5,000. \ Other Congressional Action Congressional and presidential action on other important legislation last month was as follows: appropriation bill—The House agreed to the Senate's addition of an unbudgeted $212,000,000 item for farm parity payments and an $85,000,000 Agricultural item the Affecting Aliens ported on May 27 a House-approved bill providing for opposed by many groups, and the House May 8 agreed with this opposition by voting 232 to 153 to disapprove of the plan. The Senate, however, refused to support this action, defeating on May 14 by a vote of 46 on events" has created "a pressing need" for the transfer of jurisdiction over aliens (about 3,000,000, it is reported), the President said. In order to speed up the effective date of Reorganization Plan No. V (it would not become effective under the terms of existing law for 60 days after its submission providing on of Commerce, was to which aims tion. ^ The Congress Reorganisation Plan No. V on May 22, at strengthening the machinery for combating subversive alien influences and potential "fifth column" sent Reorganization Plans No. favorably reported the bill on May 29 by a vote of 16 to 8. Transfer of Immigration Service to Justice Department As congressional action last month the Presi¬ Ill and IV will go into effect 60 days after their submission. Plan No. IV, which transfers the Civil Aeronautics Authority to the Department 30% of the contract price immedi¬ The measure also authorizes the Secretary to ately. any industry ure Ship Construction Bill This extent result of a dent's message the an Reorganization Plans III and IV As unless Congress Appropriation Bills Following the defense other "munitions" by companies. except banks and trust tion Plan No. IV. group. aliens to labor disputes and the possession or use of labor spies in firmearms, tear gas, or Some dissatisfaction was the bill provides that for Department the disposal of surplus farm commodities under on May 9. The House, however, could not certain minor Senate amendments, and returned stamp plan agree on the bill to conference on May 15. J UNE, 1940] Rivers and Harbors bill—After Authorization congres¬ sional action had been ure completed on this $109,985,450 meas¬ President vetoed it on May 21 on the May 6 the on ground that partment "the non-military give way at should activities of the War De¬ this time to the need for prices The tions of been completed on Carries appropria¬ May 7. May 9 rejected by bill—The House on vote of 209 to 182 the conference a be with instructions to provisions protecting reinsert Townsend Silver bill—This the authority of the President the Silver Purchase Act of ate on May 9 by Legislation decisions of a provides which measure, number of for independent agencies, was approved by the Senate Judiciary Committee on May 8 with the recommendation that it be acted upon in the near future. Army Officers' Promotion bill—This revision of the Army promotion system was approved by the Senate on May 16 and sent to conference. bill—Representative Rankin's bill pro¬ all dependent widows, children and parents of World War veterans regardless of whether their deaths were caused by service disabilities was approved by the House on May 13 without a record vote. Glass bill—This measure, which increases the Reconstruc¬ tion Finance Corporation funds available for railroad loans by $150,000,000 and allows the RFC to purchase stocks of the Federal Home Loan banks so as to permit the Treasury to recapture $300,000,000 invested in the banks as sug¬ gested by the President was approved by a Senate Banking and Currency subcommittee on May 14. A provision in the bill to widen the authority of the RFC to make loans to banks and insurance companies and to extend the terms of Pension Veterans' viding pensions for be made by National banks was real estate loans that can Federal Loan Administrator Jones on eliminated. May 23 corporations, subsidiaries of the RFC, to essential raw materials for the defense program. This proposal was agreed to when the House banking group approved the bill on May 29 and the Senate committee on May 30. Cotton Insurance bill vetoed—The President on May 4 designed to extend to cotton the system of Federal crop insurance now being applied experi¬ mentally to wheat, on the grounds that "we do not have as yet the essential 'backlog' required for the establishment of a sound actuarial basis for crop insurance." Both the Interior Department bill and the "Labor De¬ Security bill" were disapproved and re¬ the House on May 29 and 14, re¬ partment-Federal turned to conference by decisions handed were by down convicted of conspiring were artificatial gasoline prices in has court that and deviation without and consistently showing no of competitive abuses or alleviate may to eliminate or defense. on provision gency the that price-fixing agreements are unlawful per se Act for Maintenance Affected by Neutrality Act Vessels of Subsidy Contracts May 29 passed a resolution to make emer¬ the for essential vessels for adjustment pf maintenance affected by the Neutrality Act of 1939 and of obligations with respect to such vessels. .< Bituminous Coal Act The Supreme which upheld Court Coal Act, Bituminous the passed in 1937 in an effort to stabilize the soft was coal industry through marketing and minimum price-fixing regulations, in an 8 to 1 decision (with Justice McReynolds dissenting) which it handed dowrn on May 20. Declaring that the provisions of. the of ers Congress Act "clearly within the pow¬ clause of the Con¬ are the commerce under stitution," the court held that "price control is one of the available- to the States and to the Congress in their means respective domains for the protection and promotion of the welfare of the economy." Apex Hosiery Case court's The in came and not was wholly the Apex Hosiery refused ex¬ Sherman Anti-Trust Act handed down on May 27 decision which the court a which the court in -■ labor that contention cluded from prosecution under the Co. of Philadelphia the right to collect $711,932 in damages from a Congress of Industrial Organizations affiliated union be¬ cause of a seven weeks' sit-down strike in 1937. Because decision the court's in line with its 32-year-old policy was Apex decision was considered by labor to be a victory. The court, however, said that the Apex Co. could try to the action in the appropriate collect damages by a comman law court. Places Court Supreme Non-Operating Under Trucking Companies In decision a that held Employees of Wage-Hour Act Bus and the Supreme Court by 5 to 4 jurisdiction over hours of work of of May 27, regulatory non-operating employees in the motor carrier industry are lodged with the Wage and Hour Division of the Department instead of with the Interstate Commerce Commis¬ of Labor, sion. Tariffs of Motor Supreme Court Sustains ICC Ruling Suspending Carriers Providing Lower States United The Freight Rates to Forwarders Supreme Court on May 20 sustained orders of the Interstate Commerce Commission suspending by 41 motor carriers providing lower rates to forwarders of freight than to other shippers. tariffs filed United the Circuit States of Appeals Court Case Against Sterling in spectively. Three important ago years agreements were designed a as The Senate ing Government vetoed this bill, which was three Passed by Senate Would Permit Revision of recommended the inclusion in the bill of a provision creat¬ acquire this principle those price-fixing legal. when the oil not make the 67-page opinion, Justice Douglas said: years the Sherman interposed 1934, was approved by the Sen¬ bill—This of the review court to buy foreign vote of 45 to 36. a Logan-Walter terminates silver under which measure, maintain 40 to the evifc which re¬ carriers, railroad labor, and agriculture. does arose case In his over adhered under port on this measure and returned it to the conference com¬ mittee upon and Midwest. $107,149,000. Wheeler-Lea Omnibus Transportation water raise to For State-Commerce-Justice Departments appropriation billSigned by the President on May 14 after congressional had agreed Madison corporations and their officers military preparedness." action 3 MONTHLY REVIEW Denies NLRB Rehearing Electric Motors, Inc. Appeals for the Ninth The United States Circuit Court of Supreme Court last month, one upholding the Government in the Madison Oil case, another upholding the constitu¬ District at San Francisco on tionality of the Bituminous Coal Act, and another holding that labor was not wholly excluded from prosecution under tlie Sherman Anti-Trust Act. petition to force disestablishment of a company union in the plant of Sterling Electric Motors, Inc., at Los Angeles. Justice Mathews concurred in, and Justice Healey dissented Resolution President by Signed Owned Ships Permitting Operate in to Certain Government Trade Foreign President Roosevelt on May 15 signed the resolution free¬ ing 116 Government-owned ships over 20 years old from the Maritime Commission's laid-up fleet and permitting their operation in the intercoastal or foreign trade. Den man, Justice from the denied, May 7, in a decision written by rehearing, on a Labor Board In its opinion the court asserted that the "grasping for power," ruling. National Labor Relations Board was which was "to be expected" in a philosophy of "administra¬ The NLRB tive absolutism." May 18 accused the court on unjudicial" and "intemperate of language in the above decision. United States District Court Dismisses Labor Trust Suit President Roosevelt ticipation Signs Bills Providing Funds for New York and San Francisco in President Roosevelt on Federal Par¬ Justice F. Dickinson Fairs May 15 signed resolutions author¬ izing $275,000 to continue Federal participation this year in the World's Fair at New York and $250,000 for the Golden Gate International Roosevelt vetoed President on May 3 a Justice Letts Navy promotion retirement bill of the Marine Corps. officers Senate tion on tions United States Supreme Court Decisions Contending that the Oil Sherman In Anti-Trust law prohibits United States Supreme Court on May 6, in a 5 to 2 decision, sustained the conviction of 12 Midwest oil corporations and Act. Douglas In wrote thus disposing of that the violate the Sher¬ the Madison reasonableness of finding that the prosecution the part of the union and its indicted by which prohibit unlawful combina¬ course a Federal grand jury early last fall and private building construction in of alleged jurisdictional dispute an Union of Operating Engineers. Pennsylvania Fair Sales Act Declared Unconstitutional added: "any combination which tampers with price structures," the man was Columbia in the District of The State Case five individuals for alleged conspiracy to laws, on a on Supreme Court on May 13 ruled that the Penn¬ sylvania Fair Sales Act of July 1, 1937, is unconstitutional, according to the Philadelphia "Inquirer" of May 14, which May 30 and sent to the House. Madison Washing¬ in restraint of trade. local with the International six-year $60,000,000 program of Federal-State-Local hospital construction was passed by the on based intent charges of having restrained public Legislation to provide a Senate was the anti-trust violate and conspiracies The teamsters' the Coopera¬ Hospital Building to officers on Votes $60,000,000 Program for Federal-State-Local said his action failed to establish criminal had unwise the mandatory retirement of rear admirals and gen¬ eral Associated Press advices from May 6, added: ton, because, he said, the "extremely diffi¬ cult and uncertain status of international relations" made and setback in its first prosecution of a labor union under the anti-trust laws. Vetoes Naval Retirement Bill President Roosevelt acquit four officers of the American Federation of Labor Union local, causing the Government to suffer to Teamsters a Exposition at San Francisco. Letts, of the United States District May 6 directed a jury Court for the District of Columbia, on case the Justice particular its of . Section stitution ' opinion an 2, by Justice Horace Stern, it held that the violates the Fourteenth Amendment of the Act, because Con¬ Federal and the Declaration of Rights of the State Constitutiop., Section 2 provides that "advertisement, offering for sale, or sale -of any merchandise at less than cost by retailer or wholesaler is prohibited." In the reaching this ment the Appellate Court affirmed tlie action of Court of Allegheny County, which quashed an indict¬ against B. P. Zasloff, accused of violating the Act, and the Superior Quarter Sessions Court. decision 4 MONTHLY BFVTEW New York Taxicab Strike Ends Union, affiliated with the Con¬ gress of Industrial Organizations, called off on May 28 the taxicab strike it began April 24 against the Parmelee and Terminal companies. The strike was ended, it was said by union representatives, at the request of Mayor F. H. LaGuardia, "and in consideration of assurances that definite remedy to measures the miserable working conditions of called to enforce commissions from tions with pay, an increase in drivers' 42%% to 45%, the closed shop, 10% in¬ of salaried maintenance employees, vaca¬ in the pay creases demands for Exchange Commission, to succeed himself for the term ex¬ piring June 5, 1945. Mr. Eicher was appointed to the SEC by the President on Nov. 29, 1938, to fill a vacancy, and prior to this had been a member of the House of Repre¬ sentatives from Iowa. ' May tration for Senate the April 5 at the Reming¬ N. Y., employing ap¬ proximately 400 workers, was Announced on May 2 by David Lozo, Secretary of an American Federation of Labor Union. The company said that it had made no agreement The strikers. strike called by the Office Equipment Workers Union in protest against dismissal of a union employee. Construction Resumed Work was New as Jersey Building Laborers Strike Ends Orders to return to work three Federal Housing Ad¬ on ministration projects in on Newark, N. J., on May 6 were given May 4 by Joseph Y. Moreschi, President of the Inter¬ and Laborers' Union, an American affiliate, to 1,000 striking .workmen who had been off the job since April 22. The order followed a conference in Washington on May 3 among officials of the Housing Authority, the Associated Contractors of New Jersey and the union. The union had demanded wages of $1.30 an hour for a seven-hour day instead of the present rate of $1,125 on hour for an eight-hour day. Under the temporary settlement it was agreed to strive for a perma¬ nent agreement; otherwise to submit the controversy to national Carriers Hod of Labor Federation There arbitration. was no change in pay Conforming to the usual requirements, the Bank for In¬ ternational Settlements held its annual stockholders' meet¬ ing in Basle, Switzerland, on May 27, but the exigencies of the war made the gathering a peculiar one. The new 111., and suburban area were resumed on May 27 under a truce between dealers and union workmen after an eight-day wage dispute had reduced the supply to about one-fourth normal. Members of the Milk Wagon Drivers' and Dairy Employees (American Federa¬ tion of Labor) unions agreed to return to work at prevailing wage scales. The strike is said to have been called May 19 in protest against the dealers' insistence that drivers accept a wage reduction from $48 plus commissions weekly to $30 plus commissions. The workmen agreed to submit the dispute to arbitration if negotiations fail to produce a per¬ manent settlement. The drivers originally struck May 1 scale. That their contract with the old renew strike ended was 3 May by truce a pending negotiations which failed. Great Lakes • stockholders at the tenth annual assembly, Towing Co. and the American Federation of Labor Tug Fire¬ men, Linemen and Oilers' Union agreed verbally that 400 strikers would L. return to work, compromise had been reached be increased from 10 months' work each time because of Federal Labor Conciliator Faulkner announced. a a on $8.37 to $9 indicated was that a union demands that wages day, with and payment of year man a It a a guarantee of half hour's reported for work and wages sent was home business. no James H. R. Cromwell Resigns as United States Minister to Canada— J. P.Moffat Named to Succeed Him The resignation of James States Minister to Canada H. R. Cromwell as United accepted by President Roose¬ velt on May 22. Mr. Cromwell has been nominated as the Democratic candidate for United States Senator from New Jersey. Moffat was On May 27 the President named Jay to succeed diplomat, is Mr. Cromwell. Mr. Pierreport Moffat, a career Chief of the Division of European Affairs Department. The appointment was confirmed by the Senate on May 27. now of the State Holding all proxies, Mr. 6% dividend, which was barely earned in the year ended March 31, 1940. Earnings of the Bank for that period were reported at 7,962,181 Swiss gold francs, against 8,583,865 Swiss gold francs in the preceding year. The usefulness of the B. I. S. naturally has been enormously reduced by the war conditions which now pre¬ central bankers appeared. pean The Bank was originally intended to overcome some vail. Roosevelt sent to the Senate May 13 the nomination of Royd R. Say res of Virginia to be Director of the Bureau of Mines of the Department of the Interior. The Senate approved the appointment on May 27. He succeeds John W. Finch, who resigned last January at the request of Secretary of the Interior Ickes. S. T. Pike Named by President Roosevelt President nomination Roosevelt sent of Sumner T. to the Pike of as Senate Maine on Member of SEC May 22 on as a the member of the Securities and Exchange Commission to succeed George C. Matthews, who resigned recently. Mr. Pike, who is a Republican, was appointed business adviser to Secretary of Commerce Hopkins early in 1939, and has been serving since mid-February as the Commerce Department member of the Temporary National Economic Committee. Approval by the Senate was given on May 29. difficulties other and transfer the of inherited from the the depression hampered its activities and the second World War apparently has curtailed them even more. Central bankers from all over Europe previ¬ first World War, but ously attended the general assemblies, but they might lay themselves open to charges of trading with the enemy if they proceeded to Basle under present conditions. Mr. Mc¬ Kittrick was asked to represent all stockholders, and in a dispatch the Associated Press reported that meeting "the Assembly put on his hat, stepped the limousine, told the chauffeur 'Chateaux Doex,' and left Basle for the Bank's new mountain its new and more secluded and perhaps will prove of importance in the rebuilding War World Second That the war which started in a In the current war. which must follow indeed headquarters." quarters the Bank will carry on Europe last September is second World War was made bitterly obvious dur¬ ing May, owing to the involvement of three additional coun¬ be taking and devastating conflict. Having con¬ cluded the main section of the Norwegian campaign, the the prospect that still others soon will tries and part in the great German Nazi machine moved into the Low Countries with complete disregard of the rights and wishes of these tra¬ ditional neutrals, and on the flimsiest of trumped-up Luxemburg, Holland and Belgium were overrun in turn, (beginning on May 10, and long-dreaded The black record of German invasion already included Poland, Den¬ mark and Norway, when the Germans marched into the Low Countries. Before the war began in a military sense that date must stand as the beginning of the intensification of the the Nazis war taken had Notwithstanding these in Western Europe. over Austria enormous and Czechoslovakia. conquests of small and mostly defenseless countries, the Nazi military steamroller was sent over the Low Countries beginning May 10. in what must always stand as one of the blackest and most unprincipled invasions on record. The intent apparently was to intensify the war and bring it, if possible, to a swift conclusion. Holland and Belgium were used by the Nazis merely as a spring-board for swift and drastic moves into northern France, where the ports of the English Chan¬ nel fell to the invaders during the course of a sensational and blasting enveloping Blitzkrieg. Luxemburg was rapidly taken over by the Nazi armies surprise move of May 10, which ended more than eight months of stalemate on the Western Front. Holland in the found its defenses altogether inadequate and succumbed Nazi invaders after only five days of resistance, in course of which enormous damage was done through to the the aerial bombing of Rotterdam and other Dutch cities. R. R. Sayers Named Director of Bureau of Mines President represented all since no Euro¬ McKittrick voted the usual charges of non-neutral behavior. Tugboat Strike Settled Shipping operations on the Great Lakes, tied up 12 days by a tugmen's strike in 17 ports in seven States, were resumed on May 6. Representatives of the Great Lakes Arthur McKittrick, Thomas President, American into his Milk deliveries in Chicago, wage for International Settlements Bank after Chicago Milk Drivers End Strike when dealers declined to approved the reappointment. serio-comic hours. or from June 15, 1940. Mr. Black was FCA last January. On May 31 six years on ton-Rand Co.'s plant at Tonawanda, the Governor of FCA A. G. Black Renamed 29 President Roosevelt reappointed Albert G. Black of Iowa as Governor of the Farm Credit Adminis¬ On Strike at'Remington Rand Tonawanda Plant Ends with the member of the Securities and first named Governor of the and arbitration in the case of dismissals. Settlement of the strike called C. Eicher, of Edward name Member of SEC as May 29 sent to the Senate Roosevelt on President employees in the taxicab industry will be initiated v^ry shortly by the city administration." The strike, it is stated, was Reappointed E. C. Eicher The Transport Workers Bel¬ gium held out longest, but also capitulated after the Bel¬ gian and Allied armies which sprang to the aid of the Low Countries were pushed into a small corner of Belgium, with escape to France cut off owing to a German envelop¬ ing movement down the Somme Valley in France to the Channel. The resistance of the Belgian armies ceased, for all practical practical purposes, on May 28, when King Leo¬ pold III ordered his soldiers to lay down their arms. Most of the Belgians did so, and this action exposed the AngloFrench Allied armies to soldiers grave were threats, from which most of the extricated of heroic daring numbers of Allied troops were caught in a pocket in Belgium and northern France, and this first great battle of the Western Front was thus a victory for German arms. At the begin¬ ning of June only vague intimations were available of the on the part of the British by feats fleet. But great strength of the relative forces, and of damages and casual- June, 1940] ties suffered. MONTHLY REVIEW It is known, however, that the losses were frightful. Even significant than the immediate losses were the implications of the German Blitzkrieg. It was more commonly accepted in the Allied countries and in the United States than Chancellor Adolf Hitler and his Nazi aides were unwilling to risk a protracted warfare of economic strangulation, such as Great Britain and France were wag¬ ing before the latest Blitzkrieg. The assumption was that German supplies probably would prove insufficient for a long war, and that Herr Hitler decided to risk everything a single blow. gardless of losses from the forward That the Germans moved re¬ reported in numberless despatches French battlefields. In doing so, was Belgian and however, they struck a blow of unimaginable severity against the Allies, using new tactics and new weapons upon the lavish most the Low over powerful Reich. It scale. air Vast German and the Allied Countries sailed armadas kind fled before the pitiless bombings, and made ever more diffi¬ After virtual bomb barrages were laid down by the Nazi aircraft, which held control of the air over the actual front, great "panzer" divisions of German tanks and motorized troops wheeled cult the task of the defending armies. with either side. When the opinion of the Nazi attitudes and the Reich as this declaration even the borders, and added that Willielmina expressed the of and course, indignation of Holland a "flaming protest" against the Reich invasion. Little Luxemburg, without an army, was simply overrun in the of course few hours by the Reich troops. no match for the huge hordes a Holland was aerial, motorized land and troops that of stormed German her borders in the early morning hours of May 10. The Dutch fought valiantly against the surprise attack, which appar¬ ently was aided greatly by spies and over by so-called Fifth Column sympathizers with the German cause. Breaking through the Maastricht defenses of Holland was accom¬ plished speedily by heavy German tanks, and a wing of tory thus blasted in the most cruel warfare known to mod¬ of the even more speedily through eastern agricultural region east of Holland, which comprises the ordered Low Countries, frantic calls for Allied aid immediately issued Dikes were opened to prevent the advance invaders, and the 400,000 Netherlands troops to tactics resist to the end. But the the penetration were Germans had new fenses. the Germans moved from Holland and the borders made over one, Queen in the Zuyder Zee. When they the territorial sovereignty of the Low Countries would be undisturbed provided they accepted the "protection" being offered. Such statements deluded no infantrymen, who consolidated the Nazi hold upon the terri¬ , He troops broke the Reich army moved history. moved Government, had adopted unneutral measures. the front, sweeping ahead of them what remained of living beings. After the armored divisions came German over Germans the hardly bothered to make a reasonable excuse. German Foreign Minister Joachim von Ribbentrop called neutral diplomatic and press representatives into conference, early on May 10, and informed them that the Low Countries, in lines, blasting sol¬ diers and civilians alike, and creating by their bomb attacks the most indescribable confusion. Vast hordes of refugees ern publicly announced that Hol¬ engage in secret talks of any was land, for instance, would not strategic on the 5 over of the Belgium, and huge forces were promptly The eagerness with dispatched by the French and British. which the Allies to their responded to the cries for assistance led defeat in the great battle of Flanders and Artois. Ordinary military calculations were upset entirely by the swift-moving Nazis, who overwhelmed Belgium in a frac¬ tion of the time required by the armies of Kaiser Wilhelm in 1914. The surprise factor was one that the Germans exploited to the full. They moved while both Great Britain and France ganizations engaged in extensive governmental reor¬ were occasioned Allied countries way. Allied military by the popular withdrawals the over commanders, indignation Central from by harried in the the Nor¬ uncer¬ in military authorities ordered the end of resistance, lay prostrate before the Germans. Belgium resisted desperately and heroically with its of errors gian almost unprotected, and to the armies poured. The Nazis blasted wide in the Little hole about a 60 miles Maginot defenses, and huge forces were de¬ and Holland authority in their respective capitals, were unable to also with the amazing German Blitzkrieg tactics. In hasty move into the Low Countries, they left an im¬ portant section of the Little Maginot line fronting Belgium German Holland's Netherlands that Queen Wilhelmina and her family fled to on May 14. Late the same day the Netherlands their the of London cope that breach for Parachute troops were dropped literally by the thousands at The Hague, Rotterdam and other centers. A part of Rotterdam was captured by such troops, and mili¬ tary history thus was made. But all resistance by the Dutch was useless, and it quickly appeared that resistance would merely add to their horrors. A large portion of central Rotterdam was laid in waste by a ruthless German aerial bombing, where the city resisted. This and other lessons were borne in upon the Dutch, and the defense army was squeezed so rapidly into a little corner of western tain through readiness 600,000 wrell-trained troops, but it of military calculation commanders aid and by of the Low were the seems that made, both by the Bel. Allied Countries. forces which sprang of Liege The fortresses and^ Namur, keystones of the Belgian fortifications, apparently army some grave were regarded few defense precious Germans at system of safe against the as hurled forward until they reached the estuary of the Somme Actually, the Reich artillery and air force Abbeville, over the May 22, on frontiers of only 12 Low the days after Countries. they Steel moved fingers, such as the Germans extended last sent wrere out followed were armies south ground. of the Somme the end, were Opinion whether unable to retake the lost were entrapped in the German enveloping fought bitterly to regain contact with the French forces south forces so September into Poland, Germans, but the motorized units quickly by the infantry that the Allied, the The Allies movement At by of the Somme, but this endeavor also failed. British and part of the French by the British fleet. of the most withdrawn from Dunkirk wavered, German as Nazi these forces battle next moves would be developed, sent against The Germans themselves^, utilizing propaganda methods in their own inimitable and Great Britain against France. or unprincipled way, made it appear afc first theat they ex¬ pected next to invade Great Britain. But military observers pointed out that it would be hazardous for the Ger¬ soon mans to move over the Channel, only because such an operation would be difficult in itself, but also because their flank would be subject to attack from France. The assumption generally held at the end of May was that the rich industrial section of not France was marked out on Nazi maps as the next area of anticipated conquest. Partial confirmation was afforded by heavy German aerial attacks on cities June 1 viewed in and as the 2. Rhone Valley, clear But these aerial dpwn to Marseilles, bombardments also were May, Italy seemed to be verging ever closer to partici¬ pation in the war on the German side, and it is obvious that Herr Hitler was doing all in his power to persuade axis partner to come in. The bleak prospect at the that Premier Benito Mussolini might move his Italian legions against the Allies in June. In view of all these circumstances, May must be written down as a bitterly unfortunate month for the Allies. May was The Like other countries Low simply besieged, around them Countries German lessly, the Low Countries fell armies invaded ruth¬ after another before the Grim and dreadful "total war" one swiftly-moving Reich corps. was waged by the Germans against the unoffending small countries. In the first days of May much anxiety over just such a possibility prevailed in Holland and Belgium, and pointed efforts were made to avoid giving offense to weeks or months. to while the the attack main German Belgium. upon army An swept odd inci¬ dent, still unexplained, was the capitulation of the fort of Eben Emael, apparently to parachutists. To all intents and purposes, Liege fell to the Germans on May 11, and the Reich troops then headed for the great Albert Canal and the Forest of Ardennes. They forced a crossing of the defensive Canal without much delay, and are said in some reports to have found the easily-defended Ardennes virtu¬ ally vacated by the Belgians and French. It would seem that defense troops were rushed to the industrial portion of Belgium, and the way to and through the Little Maginot line left almost undefended. the Germans hemmed the in a In series of swift marches a Belgians and some of their Allies narrow strip along the coast, after taking Brussels and other key cities of Belgium. King Leopold III gave orders on May 28 for resistance to cease, and the great bulk of his forces followed was taken the under But Allies ordered to as pressure. the when laid down decision the some from told it would their of stress the of observers Flanders and Recriminations arms. King, which emotion state and that Artois of the retreat already had Leopold acted, and until seem the full wise to suspend judgment. New Western obviously military of been story is Front Owing to the German break through the Little Maginot line, which consists of earthworks and pill-boxes of far less effectiveness than the great the German border, a new in May on the West. considerations for Maginot line in France opposite military front was established This military action involved grave the Allied forces. The motorized units sent by the Reich through the gap in the Little Maginot line opened the way to the Channel ports. The stunning news of the fall of Abbeville meant that something like 1,000,000 Belgian, British and French soldiers were in a trap that a these possible indications to Italy that the Reich still out his least at were able to lay great bastions in a matter of days, and occa¬ sional forts in the system that held out for a while were low held sufficient forces to bomb distant French points, after the devastating battles in Flanders and Artois. Through¬ end of for or encirclement. British Belgium when this terrible forces were deepest into news developed, and they fought gallantly against the Germans along the Scheldt and other river fronts, giving ground only on orders issued for mili¬ tary in the reasons. some areas, Germans manders French forces the Ninth in captured. apparently French "dissolution," Several with other were shattered, Army being reported by its French divisional armies com¬ were in MONTHLY REVIEW 6 A unanimous vote of confidence in Beaverbrook. the of Lord mination to effect a this regime was trap, and they fought with the greatest skill and deter¬ junction with tlieir main forces south of the Somme. At one time the gap between the forces in the south of the Somme was said to be and others trap granted by the House on May 13. Premier Paul Reynaud retained his post in France, but widened his Cabinet by taking in Nationalist and Social party repre¬ only 13 miles. But through that narrow passage the Ger¬ mans continued to pour their "panzer" divisions, which sentatives. and Calais. After Belgium capitulated the order to retreat to the Channel ports was imperative and was openly admitted by the British and French authorities. There followed, in the last days of May, one of the most remarkable retreats in military history. German forces took Boulogne and surrounded Calais, leaving to the entrapped Allied forces only the port of Dunkirk for withdrawal by the sea route. were swept from Abbeville toward Boulogne on and French slowly withdrew, Toward Dunkirk the British remnants of the Belgian army which refused to accept the order of King Leopold. Blasted continuously by German airmen, and hampered by millions of refugees on the highways to Dunkirk, the Allied forces succeeded brilliantly in extricating a goodly part of their men and with along In and Artois French down and provided a of May, the area in the last few days over Fog reach England and safety. managed to area respite from the vicious Nazi bomb attacks, Hardly line. Little Maginot the through break German effort seems to have been made by the French forces south of the Somme to storm the German positions on the any aid the beleaguered commentators assume that northern bank of the stream, and thus Some armies. Allied military this was due in part to the need for extensive reorganiza¬ eventual de¬ of the French forces with a view to the indeed, that the will make their next attack toward the French Military logic indicates, Paris.' of fense Germans capital, and the trapped armies possibly were sacrificed for important reason of defense of Paris and the industrial area of France. At the end of May the Allies were estab¬ the lished Germans stream. British and French contingents still and a small part of Calais, but the Channel the on south north of that held Dunkirk bank of the Somme and the ports were regarded as lost to the Germans in a days. Ail interest centered in the next move by French or Germans, the matter of either the in view of the grave defeat and held much more likely that first. An attack on England no suffered by Allied arms it was the Germans would longer can and some would a move was the on or In general, however, a at least attempt such German sweep through considered more likely. aerial The Channel, the across maneuver. France move be considered outside the realm of possibility, observers held to the belief that the Germans arm Western came Front into greater ever and intensified, was use the war some of the as "strafed" by extreme. bombed civilians indiscriminately. Refugee lines were machine-gun fire from airplanes, and the con¬ tention advanced developments in this connection are grave in the As in Poland and Norway, the German airmen soldiers and was Allied the on attacks on side that calculated German endeavor to add to the Allied confusion and disorganization. The British air refugees force were finally a on increasingly through countered bomb attacks German destructive concentrations behind the lines, Bremen, bomb¬ ings of the British east coast were reported, but not much damage was done in such raids. German spokesmen said, however, that all such attacks would be repaid ten-fold, and bombing horrors thus appear all but inevitable. French airmen participated in the attacks on German industrial cities, and German bombs were sent down on Rhone Valley towns during the first day or two of June. and on German such supply Hanover and Duesseldorf. Allied cities as Hamburg, A few German retaliatory Governments and Commands May 8, by a division in which Prime Neville Minister Chamberlain received 281 votes against 200 opposing with Mr. 132 members Chamberlain Lacking abstaining. endeavored to form a a tallies, clear majority, National Govern¬ and on May 10 the Chamberlain regime resigned. Winston Churchill, who held the Admiralty post under Mr. Cham¬ berlain, was entrusted by King George with the task of forming a new regime, and this was accomplished expe¬ ditiously by the new Prime Minister. Mr. Churchill formed ment, but Labor spokesmen refused to join this move, obtained the cooperation Liberal factions. He retained Lord Hali¬ fax" in the foreign affairs post, and named Sir Kingsley Wood as Chancellor of the Exchequer. A new Ministry of Aircraft Production was organized, and placed in charge an were inner war Cabinet of five, and of all Labor and regarded as military secrets. A British Imperial General Staff was an¬ nounced on May 26, when Sir John Greer Dill was placed at the head of all forces. Sir Edmund Ironside was named as the chief of the Home Defense, on being Replaced by General Dill. The Belgian defection was admitted on the in May 28 by Prime Minister Churchill and Premier Reynaud, public addresses to their respective peoples. in was reached conviction German threat, and plenary powers to con¬ to the answer The new British Government that total war will have to be the step. this by the In neither attempt made to disguise the bitterness en¬ any gendered were voted the Churchill Excess profits over standard pre-war years are to be 100%, according to the terms of the new legislation. Aircraft and munitions output is to be speeded, and in many other ways the war will be intensified on the all script and all property life on May 22. the United Kingdom. home front in Occupied Regions Only occasional reports have been made available of late regarding German in conditions With forces. countries occupied the many the by of the small area exception of Norway around Narvik, such occupied countries appear to pacific, although the appearances may well be deceptive. Narvik fighting continued bitterly throughout May, 29. German forces retreated from the ore port in northern Nor¬ be At with the town itself finally falling to the Allies on May but took way, of control mines outlet of famous Kiruna the out, in iron withdrawal the nick of time for the desperate engage¬ Front. Important Norwegian units the Western on French around Nar¬ cooperating with the British and are Allied The thus continues. Norway was carried out successfully and, as it from central ments positions nearby, where they were sup¬ aerial force. The real battle for Atlantic the Sewden in turned up the, German by plied but available reports indicate that further resistance has ceased in central Noiway. In Denmark quiet accept¬ vik, of ance Nazi the military occupation is reported in dis¬ patches to the New York "Times." Holland and Belgium are only now being ranged under the Nazi rule, and re¬ Poland, from ports and vague to scarce Czechoslovakia and Austria are too be of much value in forming opinions regarding conditions. Italy and Other Neutrals Still greater extension of the second World War appears to depend, for the moment, upon Italy and its dictator. Pre¬ mier Benito Mussolini. Throughout May the Italian press poured vituperation upon the Allies, and every official nerve was strained to make Italy ready for participation at the side of the Berlin partner in the axis that Rome originated. Troops were concentrated in ever-increasing numbers on the French border, and student demonstrations against the Allies and in favor of so-called Italian aspira¬ tions were encouraged. The cry for Nice, Tunisia and other Italian aims was raised again and again, and Premier Mus¬ apparently deaf ear to pleas for continued A plea from President Roosevelt May 16 that Italy refrain from participation in the great conflict was said in Rome to have left Premier Mus¬ solini turned aloofness an from the war. on solini unmoved. lini was unable, so In the early days to bear owing to still the another Italian aloofness. would of June Signor Musso¬ busy with alleged war preparations that he was pressure States Ambassador William B. war effected in Allied Cabinets and military commands, and it is a reasonable surmise that Chancellor Hitler moved in that month partly because the changes were in progress. Debate on the Norwegian ques¬ tion in the London House of Gammons was followed, on Throughout May changes were less commander, but the names of those relieved and successors change of many men. Although the Allied retreat was carried out ably, the fact remains that a new front developed because of the tion 15 the of saving the lives thus No by new regime settled forces. French than their of transport.- But most of the British Expeditionary Force and a sizable part of the French armies in the en¬ circled General named in France, on May 19, as the Generals were relieved of their posts thereafter commander new the Allied commands fully revealed and comprehended. was Maxime Weygand was case small , far-reaching, especially after the debacle in Flanders From Dunkirk the forces were conveyed toward British ports in a steady stream by British naval vessels oL all sprts and descriptions. German bombing planes attacked the retreating troops and sank some ships. The Allies admitted the loss of three British destroyers and a equipment. //•' military sphere the changes in the It develop, message was of time, to receive United Phillips, who was rumored from Mr. Roosevelt urging generally accepted in Rome that probably without the formality of a declaration, between June 10 and 20. French authorities neglected to go through, in the final days of May. with the signature of a commercial accord with Italy. British contraband controls halted their practice of searching Italian tion of ships at Gibraltar. Italian vessels in Orders were issued for deten¬ ports, and all signs thus home pointed to early participation by Rome. It was still considered possible in some circles, on the other hand, that Premier Mussolini was on the the using his position large numbers of French troops occupied the border, and sizable Allied armies concentrated in Near East. By this means, it was argued, he extended same sort of aid to Germany that the Reich gave him mainly to keep during his Ethiopian campaign of 1936. But war seemed to lower over Italy on June 1, the clouds of when it ap¬ peared that a Spanish military mission had passed through Rome and moved on to Berlin. Whether the Spanish Gen¬ listen to could not ascertained, but it would hardly appear that Spain could Francisco Franco, was inclined to German-Italian arguments for aid against France eralissimo, be be factor a in any event, after of importance in the war, civil war. Russia was courted by the British authorities, to a degree, but seemed disin¬ clined to aid the Allies. It was indicated in Moscow that a three years of a devastating Sir Stafford Cripps would British trade mission headed by be 7 MONTHLY REVIEW June, 1940] unwelcome, unless Sir Stafford went to Moscow as an Ambassador, rather than States debatable, although some be moving from the Baku fields to the. Reich. countries were nervous and apprehensive May to expedite the return to the United American of nationals in stranded Europe, and special trips of passenger liners were arranged for this pur¬ A pose. of concern prevailed in Washington Nazi moves in Latin-America, but the deal good regarding possible this attitude is not yet clear. occasion for The aid being trade negotiator. a made during was Steel Trade—Non-Ferrous Metals extended by Russia to German is oil is said to The Balkan throughout May, with the prevailing tendency indicated by Cabinet favorable to the Al¬ lies and its replacement by a regime oriented in favor of Germany. With the Reich at the head of the Danube Val¬ ley, and Italy and Russia able to apply pressure from either the ousting in Rumania of side, obviously seem advisable for the Balkan Germany. Turkey, on the other would it countries a conciliate to safe in the Allied camp. hand, was reported East Far overwhelmed that arose whether Navy toward control That Indies. move any or would be made by the Japanese seizure of the Netherlands East United the days the situation in for the problem promptly five in country May 10 and States would oppose any change stretching more than 3,000 miles along the equator, was made, plain by Secretary of State Cordell Hull some months ago. In obvi¬ ous response to the American attitude, Japanese spokes¬ men declared that Japan, also, is interested mainly in the maintenance of the status quo in the East Indies. But in sovereignty of those great islands, the there be interpreted in that can Strenuous efforts were made by the Japa¬ reach a settlement of their "China incident" with ways. to nese in May indications were various Generalissimo Chiang These moves failed, and Kai-shek. they were followed by renewed airplane bombings of Chung¬ It is obvious, of course, that king and other Chinese cities. production from other countries, intensive those by the succession of disturbing news from caused and building pig iron their inventories in anticipation of greatly ex¬ up and our own Govern¬ In addition to greatly expanded steel purchases by domestic consumers, a considerable volume of pig iron business has been done, de¬ liveries extending through the third quarter. Some com¬ panies are virtually sold up for the next two months at least. While specifications for sheets and strip against recent low-priced commitments have been a factor in the requirements of the Allies panded for ment its The be determined whether this means abandon¬ German claims or a mere incitement to Japan. in China continues and, at this time, has the odd war of characteristic bulwark a Japanese against aggression alone steel volume of the past week, they are responsible, as orders have increased for nearly all products, many United Disclosure German the of invasion of such States Blitzkrieg possibilities obviously neutral countries as in the Holland and Belgium have evoked the profoundest and most far-reaching the has country moved perceptibly nearer to active participation in the great conflict now raging. President Roosevelt expressed the official viewpoint on several occa¬ sions, usually in the form of demands for prompt and heavy for warfare, on defense principles. He de¬ special defense message to Congress in person, on preparations livered a May 16, air an which vast expenditures were requested, and expansion program suggested that would provide in the country with 50,000 airplanes in short order, along with productive capacity of 50,000 airplanes annually. Con¬ gress proceeded to vote heavy outlays for naval, land and a But all these matters aerial armaments. tinged with To persistent demands that presidential campaign colors. he stand state his turned a sonably entrust on the third term were issue. Mr. Roosevelt deaf ear, and in many circles it was argued, that Mr. enough, with Roosevelt is additional vast funds. not The the rea¬ person demand of to the of May, 1940, was estimated at against 3,139,143 tons in April last 1,923,625 tons in May, 1939. At the end of May of this year 171 blast furnace stacks were reported to be in as gain operation, a of 16 over the 155 at the close of the preceding month. There has been pronounced strength in the steel scrap market, the "Iron Age" scrap composite price rising from $16.38 to $16.75 a gross ton on May 7, to $17.58 May 14, to $17.92 on May 21, and to $18.17 on May 28, on which latter of May price compares with $14.21 in effect at the of last year. No changes were recorded in finished steel or pig iron, the "Iron Age" com¬ posite quotation for these metals holding at 2.261c. a pound and $22.61 a gross ton, respectively, as compared with 2.236c. for finished steel and of May, reactions in the United States, and it would be idle to deny that month and the prices of Policy of them obviously for stock." The maga¬ reports that production of pig Cleveland 3,491,009 net tons, close elsewhere. program. larger aggregate the to defense national during remains Europe, buyers have quickly sensed the possi¬ bilities of shortages or delayed deliveries later on and are steel iron ment of any characterize some of it which the past week which will bring the May volume companies close to the high figures of last autumn. Notwithstanding the caution and confused state of mind of "Steel" of a movements in vance zine question the buying periods of great stress. While business has been steadily improving during the past few weeks, it made a sharp ad¬ general war in the Far East possibly depends upon decisions taken in these fateful days by Chiang Kai-shek. Much interest was aroused by a Japanese inquiry as to views of other nations regarding the vast Dutch possessions. Tokio made it known, late in May, that the German Government had ex¬ pressed a "lack of interest" in the fate of the islands, and and located, Italy in particular, will bring total May to about double those of April. In its issue of May 30 the same publication said, in part: "Fore¬ handed consumers of iron and steel have launched another not are trend in so sales in steel Japan is unlikely to risk a fight with the United States while still engaged in China, where 1,000,000 Japanese soldiers reported the strongest upward trade far in 1940, with steel scrap prices rising to highest level for this year. In its issue of May 23 the "Iron Age" stated that while steel users are not being stampeded as they were last fall, there has been substan¬ tially heavier domestic buying, which with Allied purchases of close to half a million tons and generally good orders steel of When German forces moved into Holland on the Far East became more grave, The steel The $20.61 for pig iron during the month 1939. rate of steel operating companies having approxi¬ mately 97% of the steel capacity of the industry, according to \the American Iron and Steel Institute, was scheduled 76.9% for the week beginning May 27, 1940 (the highest rate since the week of Jan. 29 last), and compares with 73.0% for the week beginning May 20, 1940 ; 70.0% for the at preceding seven-day period; 65.8% for the week beginning May 6, 1940, and 61.8% for the week beginning April 29, 1940. At the close of May of 1939 operations were reported to be at the rate of 52.2% of capacity, and in the last week of May, 1938, at 26.1%. to non-ferrous metals, "Metal and Mineral Markets" As reported during the month, in substance, as follows: De¬ for domestic account was moderate toward the close of May, but the tone was steady on prospects of a mand for copper rate of consumption this summer because of arma¬ activity here. Unlike most commodity markets, nonferrous metals benefited by the turn of events in the war good ment country plainly was for armaments without stint, but with¬ zone out country by the Allied Purchasing Commission. This activity cleaned up nearly all of the cheap near-by copper, and late political use or misuse. In the highly important and delicate sphere of foreign policy, Mr. Roosevelt appeared to be moving cautiously. He expressed the obvious sentiments of the Nation in ref¬ erences to the unfortunate trend of events in Europe. At conferences and in official statments, Mr. Roosevelt to the desperate plight of millions of refu¬ press called attention from the battlefields in Flanders and Artois, and he appealed for contributions to the American Red Cross, so gees that the plight of the refugees might be alleviated. Several attempts were said to have been made by };he President, during May, to induce the Italian Dictator, Premier Musso¬ lini, to avoid entrance into the great conflict, but there was no cated official that the confirmation of these reports, presidential Mr. Roosevelt also was was were not reported to have urged attitude of neutrality upon confirmation efforts lacking. which indi¬ succeeding. a continued Hungary, but here also official The communicating with the people "fireside chat" method was of resumed by the Presi¬ dent, May 26, but the address consisted largely of a defense of Mr. Roosevelt's defense expenditures, which have been the heaviest in the peace-time history of the country. Not¬ withstanding the huge outlays, it is admitted on all sides that the United States is unprepared for war. Every effort on of May Europe in that larger 29 some business orders were placed in was booked at ll^c., this Valley, which quotation has been in effect since Feb. 20 last. Do¬ mestic sales of copper for the week ended May 28 amounted to 7,236 tons, as compared with 11,946 tons in the preceding week, 27,871 tons in the week ended May 14, and 7,817 tons in the week ended May 7. Demand for lead was quiet dur¬ ing the last half of the month, sales for the week ended May 29 totaling 4,019 tons against 4,960 tons in the previous week, 21,407 tons in the week ended May 15, 4,980 tons in the week ended May 8, and 2,874 tons in the week ended The price of lead on May 6 declined 10 points to the basis of 5.00c., New York, at which figure it held during the remainder of the month. Inquiry for lead was fairly active, chiefly for export, and the price was raised on May 24 from 6.14c. to 6.39c., New York. Sales of com¬ May 1. mon grades of zinc for the week ended May 25 amounted to 4,895 tons, as compared with 10,375 tons in the preceding seven-dhy period, 8,824 tons in the week ended May 11, and 1,315 tons in the week ended May 4. Demand for tin was fair to active, the quotation for this metal increasing sharply on lowing the May 10 from 47.62^e. to 53.50c., New York, fol¬ invasion of the Netherlands. Tin closed on MONTHLY REVIEW 8 May 31 at 55.00c., New York, which compares with 47.25c. at April 30 last. Tin-plate operations in the United States rose from around 65% of capacity at the beginning of the month to 72% in the closing week. Third-quarter export past month. less Tin Committee to 100%, against 80% in the second-quarter period. were times when the markets In fact, there were were quotas of tin were raised by the secutive da,ys softwood mills, May 25, 1010, 9% less, and new business operations of representative hardwood and production during the week ended 1% greater, shipments were 6% less than in the preceding week. was Compared with the production was 7% greater, shipments 2% less, and new business 1% less. The industry corresponding week of 1939, weekly average of 1929 pro¬ stood at 74% of the seasonal duction and 75% 21 of average 1929 shipments. Reported production, shipments and new business for the weeks ended May 25, 1940, were, respectively, 9%, 7% 8% in excess of the same figures for the correspond¬ and ing period of 1939. and shipments were in recent years) (unprecedented con¬ occurred month. Domestic crop conditions bearish sentiment, but the sell¬ favorable and fostered in some quarters, to the Allied ing was largely attributed, that exports of wheat would be dis¬ the theory on of markets in Holland and pos¬ pointed out that there was threatened Blitzkrieg against shipping would be increased and thus hinder the wheat to Great "Britain. Another explanation for rupted owing to the loss According to reports to the National Lumber Manufac¬ turers Association from regional associations covering the lumber Limit declines for two demoralized. around the middle of the reverses Lumber Movement or more For the 21 weeks of 1940 new business both 5% above production. stocks was 20% The ratio of unfilled orders to gross on May 25, 1940, compared wTitli 17% a year ago. Unfilled were 15% heavier than at the same time last year; order sibly Belgium. It was also the possibility that Germany's British flow of decline the credit tion it the freezing upon of cash and In this connec¬ interests were positions owing to lack of avail¬ able cash. In regard to the domestic crop situation, reports from virtually all sections of the wheat belt noted improve¬ ment, and crop complaints were conspicuous by their ab¬ sence. Beneficial rains were said to have worked wonders unable to hold their long in replenishing top soil moisture, and to some extent sub¬ mosture reserves. In fact, it was believed that the soil sufficient moisture to carry time. Advices from the Canadian spring wheat belt were also of a favorable character, with in many areas now has crop it for through United produced 247,416,000 feet of softwoods and hardwoods com¬ May bined; shipped 229,179,000 feet, and booked orders of 227,252,000 feet. Revised figures for the four preceding weeks,, follow : '•' "7" ■ /■' - ---- —T;'T - •; States bushels winter some the in increase an gross stocks were 4% less. During the week ended May 25, 1940, a total of 494 mills centered was European commercial interests. was maintained that some foreign of of at over 10 the increase of 33,476,000 an estimate of April the May Agriculture estimated the the basis of conditions on production, on 459,691,000 bushels, wheat 1, On anticipated. acreage Department 1. In commenting on 517 242,207,000 248,516,000 235,947,000 4, 1940 513 228,053,000 256,808,000 237,042,000 situation, the Department said the crop prospects had improved markedly during April and the early part of May as a result of good rains in some areas where they were badly needed. It added that prospects were well up to average. During the latter part of the month the markets gave indication of being well liquidated, prices showing increased ability to withstanding the effects April 27, 1940 515 236,073,000 244,557,000 240,558,000 of No. of May May 11, 1940 May Shipments {Feet) {Feet) {Feet) 518 18, 1940 Production Mills Week Ended— Orders Received 245,590,000 250,832,000 242,190,000 tpp fffporal farm adverse However, confidence did news. sufficiently restored to maintain a vance. Government activities played Hides, Leather and Footwear The First National Bank of Boston, in its "New England in helping Letter," under date of May 31, discusses these markets as in this follows: for "Trading in shoes and leather has come to a standstill manufacturers as find it difficult to establish a basis for prices following the sharp decline in the raw stock markets. As soon as conditions appear to be stabilized, however, siz¬ able orders for fall footwear should be placed. New busi¬ ness in leather also should improve, although volume in some lines may be restricted by the moderate carryover of leather in shoe factories whose spring season failed to come up in their slack season. are Output is running about 8% belcny a year ago, but production of fall and winter fbotwear Should get under way in the near Retail future. more sales of shoes meanwhile registering are favorable comparisons estimated to with last year, and stocks are have been drawn down moderately below the year-end level, when they were ample as the result of for¬ ward buying last fall. the principal While confusion abroad constitutes restriction forward purchasing at the mo¬ on The loan will net farmers an average 1940 crop. bushel on the farm, an increase of lc. over 1939. Another important factor was the establishment of mini¬ prices on the Chicago Board of Trade. mum centered minor on style uncertainties, which are consideration, rather than on the a July, 78%c.; September, IS^c., and December, 79y2c. and inability of dis¬ "The leather markets have drop in some hide prices. pressure Sole since shoe been leather unsettled rye small light pressure emanating from the the relatively movement to has manufacturers been subjected have to maintained comfortable supplies all spring and tanners' holdings are reported to be ample for this time of year. Tanning opera¬ tions have been moderately curtailed for several weeks. In leather the market has been fairly steady, since style features have discouraged the accumulation of inventories. The relative scarcity of calfskins and light cattle hides also upper has imparted some buoyancy to the market. prices in Octobert general many While leather moderately below the peak of last grades are still above the level of last are summer. were close to the lowest point in at least 18 years and 20% below the average for this time of year during the past decade. Slaughtering is running below normal and imports have de¬ clined from the active rate of last winter. Chicago the July wheat against an opening of lOG^c. on May 1. At Winnipeg the July wheat option closed on May 31 at 74%c. as against an opening of 90%c. on May 1. July corn in Chicago closed on May 31 at 60%jc. compared with an opening of 64% c. on May 1. July oats closed at 31*40. compared with an opening of 37%c. on May 1. July rye closed at 46%c. as compared with an opening of 69%c. on as May 1. Sugar After during the early part holding steady month the market for of the past "futures" subsequently eased. sugar responsible for of the month, while offshore producers responded to the news by with¬ drawing offerings of raw sugar. Later, the hysteria occa¬ sioned by the growing expectation in some quarters of a quick German victory prompted liquidation, under which prices reacted. Two developments occurred, however, to mitigate the unfavorable aspects of the situation. These included the announcement by the sugar division of the Agricultural Adjustment Administration that a normal supply-demand relationship would, if necessary, be main¬ tained through the medium of quota adjustments despite the trend of happenings abroad. It was generally believed war speculative in "Stocks of hides and leather in all hands last month In market. closed on May 31 at 81%c. option New by the sharp Oats developed weakness during the past month, but corn ruled comparatively steady. In regard to corn, the chief constructive factors continued to be the Government relatively tributors and manufacturers to agree on price. The minimum prices at which trading will be permitted are as follows: ment, it is considered significant that the delay previously had important part an The most important factor the announcement of a Government loan of 64c. per loan and to expectations. "Shoe manufacturers to to check the decline. respect was the not appear sustained price ad¬ be developments buying in during Europe the early the trade that this was obviously were part done for the purpose of reassuring the price structure of the market. The other development, more fundamental in character, was the an¬ nouncement that Great. Britain would acquire the entire output of sugar from the British colonial possessions over¬ Spot hide prices by the record drop in the hide futures niarket which in 10 days declined from 14c. to 9c. per pound seas. The market for raws ruled dull, which was not sur¬ prising in view of the large raw inventories generally held by refiners, while Withdrawals of refined were light owing for the nearby contract. to have been disrupted Values previously have been 40% above the level of last August. This speculative liquidation made available substantial quantities of resale hides at quo¬ tations in line with the futures market. The Chicago pack¬ willing to lower light native cowhides only to 11c. per pound as compared with 13%c. early in May. The divergence between the trader and packer markets ulti¬ ers were mately should be eliminated and thereby provide a basis as the industry enters the summer period of prime quality hides and the important fall shoe run gets under way." for normal accumulation Grains in Aside from temporary technical rallies, prices for wheat domestic markets m^ved sharply downward during the the unseasonable weather. Sales of Cuba during the month consisted of the following: May shipment at 1.90c. at 2.00c. c. & f.; on raw sugars On May 8, May 10, June shipment i. f., and May shipment at 2.00c. delivered, and May 23 June shipment at 1.80c. delivered. The whole¬ sale price for refined, immediate delivery, was quoted at c. on 4.40c. to 4.50c. until May 14, when a flat price of 4.50c. was quoted by all refiners and maintained during the remainder of the month. Coffee Prices in the market for coffee "futures" reached new all-time lows during the past month, but steadied during the latter part. The war developments in Europe prompted liquidation, the inference being that European outlets for Repre¬ hemisphere were reported to be arranging for a joint meeting in New York City, on June 15, for discussion of mutual problems. In the meantime advices from Brazil indicated that the Gov¬ ernment was considering new and far-reaching measures in Brazilian coffee sentatives effort an of were to be even further curtailed. producing countries of this to correct The new pro¬ situation. coffee the posals, which are said to be more sweeping than anything heretofore, included the following: The establishment of the crop for four 500,000,000 coffee trees, with the Government paying the farmer one milreis per tree, and to withdraw for destruction the entire surplus in Brazil at the end of the current crop year. Should these proposed plans materialize, it is pointed out that they would reduce the Brazilian coffee crop to about 10,000,000 bags a year. During the latter part of the month an improved demand was noted for spot coffee from roasters. No. 7 Santos was quoted on May 31 at O^c., the same as on April 30, against 6%c. March 30; 6%c.@6%c. Feb. 29, the same as on Jan. 31, against 6%c.@6%c. Dec. 29; 6%c.@ 6%c. Nov. 30; 6%c.@6%c. Oct. 31; 6%c.@7c. Sept. 30; 6%c.@6y2c. Aug. 31; 6%c. July 31, the same as on June 30, against 6%c. May 31. No. 7 Rio was quoted on May 31 at 5%c, the same as on April 30, against 5%c. March 30; 5%e. Feb. 29; 5%c. Jan. 31; 5%c. Dec. 29; S^c. Nov. 30, the same as on Opt. 31 and Sept. 30, against 5%c. Aug. 31, the same as on July 31 and June 30, and 5%c. May 31. a compulsory sacrifice quota of 25% of consecutive years; up-root Rubber rubber Crude 9 MONTHLY BEVIEW June, 1940] early in month the advanced gradually, because of growing fears that shipping space for rubber would be further curtailed, owing to the possibility chiefly Added hereto available reports of probable encroachments on were shipping facilities, the decision of Great to license the conditions in Britain importation of cotton, more favorable weather the Southern belt, reports of larger plantings producing countries, and the slackening demand goods, resulting in renewed curtailment plans by domestic mills. The late rally in prices was due in part in other for gray to by domestic and foreign trade in¬ investment purchases but, in the main, to the belief that the supply of "free" spot cotton may prove inadequate to satisfy the needs of the trade, prior to the new crop becoming avail¬ able. In the last days of the month another mild recession terests, of the temporary Spot cotton here From that point the price fell to a low of 9.46c. May 18, and after a rally to a high of 10.48c. May 27, the quotation again receded to 10.21c. May 31. Trading in the gray cloths markets was largely affected by the break in raw cotton, the weakness in security markets, and the slow movement of finished goods in distributive channels, with prices of most construc¬ tions showing substantial declines. Print cloths at Fall River for 28-inch 64x60's receded May 24 from 3%c. to 3%c., at which price it stood May 31. The price of 27-inch cloths 60x64's declined from 3%c. April 30 to 3%c. May 31, while Osnaburgs were quoted at 7%c. May 31, compared to 8c. April 30. The report of the Census Bureau, issued May 14 and covering the month of April, showed a small decline in the United States consumption of the staple from the previous month, but the quantity far exceeded the corre¬ sponding figure of last year. The amount consumed in April was given as 623,893 bales of lint and 90,839 bales of linters, as compared to 626,331 bales of lint and 87,875 got under way, chiefly under the influence closing of the Bombay Cotton Exchange. in New York was quoted at 10.96c. May 1. bales of linters in March, 543,187 but bales of lint and ships from the*Far Eastern trade routes. Following the news of the invasion of Holland by the German Army, prices rose sensationally, but this advance was quickly followed by a sharp reaction when previous fears of a serious rubber supply shortage in this country underwent a marked re¬ vision, and it became known that the International Rubber Regulation Committee at its meeting on May 21 was likely to leave the export quota for the third quarter at 80%, whereas previously a reduction to 70% had been antici¬ pated. The drop in the security and in other commodity markets, as well as the release of the large import figures for the month of April, were also instrumental in inducing considerable profit-taking. During the last week of the month a moderate rally developed under the influence of 70,874 bales of linters in April, 1939. The woolen goods market had a spotty appearance as clothing manufacturers displayed a cautious attitude be¬ cause of war uncertainties and the disappointing flow of risk insurance rates. The slightly improved tone of the security markets as well as fears that Dutch rubber holdings here March 30; additional withdrawals of better tied be may buying, and further factory up instead dollars tone of the Ribbed of British and Norwegian advances of differences because of guilders, over also tended to in war payment strengthen in the market. smoked sheets for spot delivery were quoted at 21%c. asked May 21 against 19%c. asked April 30; 18%c. asked March 30; 18 9/16e. asked Feb. 29; 18%c. asked 19% c. asked Dec. 29; 20%c. asked Nov. 30; 20%c. 31; 21c. asked Sept. 30; 16% c. asked Aug. 31; 16%c. asked July 31; 16%c. asked June 30, and 16 ll/16c. Jan. 31; Oct. asked asked May 31. The textile trades remained quiet, reflecting, in the main, uncertainty caused by the developments in grave turn of war Europe. Retail business made a spotty the one hand, to adverse weather con¬ showing, due, on ditions, and, on the other hand, to the unfavorable effect the upset in the security and commodity markets en¬ gendered by the military events in the European war zone. Higher-priced items of merchandise were chiefly affected by the spreading uneasiness, but most other divisions, too, of the combination of unseasonal weather and the ominous developments abroad. During the latter felt the impact of month the somewhat encouraging reports arrived from industrial sections of the Middle West, where armament orders are beginning to stimulate industrial em¬ more ployment and public buying power. Wholesale trading, likewise, was greatly affected by the general uncertainty which caused requirements. somewhat, European important fabrics also producing with met Women's centers. indifferent demand, wear although con¬ tinued active sampling of the new fall lines gave promise for a moderate broadening of sales, once weather conditions show impovement. an Japanese double extra 13-15 deniers were quoted May 31 $2.72@$2.79 against $2.58@$2.64 April 30; $2.87@$2.90 $3.00@$3.05 Feb. 29; $3.10@$3.15 Jan. 31; $4.50@ $4.55 Dec. 30; $3.43@$3.48 Nov. 30; $3.55@$3.60 Oct. 31; $3.10@$3.15 Sept. 30; $2.65@$2.70 Aug. 31; $2.70@$2.75 July 31; $2.51@$2.56 June 30, and $2.58@$2.63 May 31. In the case of the 20-22 deniers Japanese crack double extra was quoted at $2.64@$2.81 May 31 against $2.53@ $2.59 April 30; $2.82@$2.85 March 30; $2.91@$2.96 Feb. 29; $3.03@$3.08 Jan. 31; $4.43@$4.48 Dec. 30; $3.41@$3.46 Nov. 30; $3.47@$3.52 Oct. 31; $2.94@$2.99 Sept. 30; $2.50@ $2.55 Aug. 31; $2.58@$2.63 July 31; $2.49@$2.54 June 30, at $2.56@$2.61 May 31. and Petroleum and Its Products Madison spotlight in the domestic petroleum industry during May, while Mexico's refusal to consider arbitration of the expropriation question and the announce¬ anti-trust suits held the the feeling of part improved The United States Supreme Court decision in the Textiles of Late in the month sentiment with prospects brightening for early substantial Government buying, and for an expansion in the export demand, due to the progressive elimination of goods in consuming channels. merchants While the to limit their advent of orders better to nearby weather con¬ ditions is expected to accelerate the tempo of buying, the fact that many retail establishments are left with sub¬ stantial carryovers, owing to the disappointing spring sea¬ ment the that Cardenas the Sinclair Refining lined Administration had settled with Co. units involved in the dispute head¬ developments in the foreign branch of the industry. The Nation's highest tribunal ruled on May 6 that price- fixing agreements were illegal under the 1890 Sherman Act, departing from the famous "rule of reason" interpretation of the Sherman Act handed down in 1911. At that time the United hibited States only Supreme Court ruled that the Act pro¬ "unreasonable" restraints of interstate com¬ merce. In a 5-to-2 opinion handed down by Justice Douglas, the Supreme Court sustained a ruling of the United States Dis¬ trict Court at Madison, Wis., which held that 12 major oil companies and five individuals violated the Sherman AntiTrust Act by conspiring to control the price of gasoline as sold in 10 Midwestern States. Justices Roberts and Me- Reynolds dissented from the majority decision, while Chief Justice Hughes and Justice Murphy did not participate. companies involved in the court action contended The oil had engaged only "in voluntary cooperative and it is believed to augur none too well for the near future as far as the replenishment of inventories is concerned. Raw cotton in May followed a moderately reactionary trend that during the early part of the month. Subsequently a sharp break carried prices to the lowest point seen in some time, but a late rally wiped out part of the losses. The para¬ partment of Justice argued that the companies conspired to raise prices by concerted purchases of gasoline from inde¬ son, lets that the resulting prices were not unreasonable. The De¬ pendent refiners. It was held that the purchases were made at a figure which would increase the spot tank car price— European war, and the ensuing break in securities and other commodity markets. In particular, it was felt upon which gasoline prices in the affected areas were based. In announcing the decision Justice Douglas said that the some that a effort" to remove "competitive evil-distress gasoline," of events in mount factor was, of course, the serious turn the they the successive for the elimination American staple is of important bound effect on the statistical position of the to foreign have a out¬ serious market, in as much exports to the Far East are also suffering through the curtailment of consumption by Japan and the existing trade agreement between that consuming country and India. as 1911 anti-trust decisions "have no application to combina¬ operating directly on prices or price structures." He continued: "For over 40 years this court has consistently and without deviation adhered to the principle that pricetions fixing agreements are unlawful per se under the Sherman Act and that no showing of so-called competitive abuses 10 MONTHLY REVIEW r • • evils which these agreements were designed to or alleviate eliminate be interposed as a defense." In pointing out that there was ample evidence that the combination had the purpose to raise the prices of gasoline and there was abundant evidence that the buying programs contributed at least to the price rise, Justice Douglas said: or may "Proof that there conspiracy, that its purpose was raise prices, and that it caused or contributed to a price to was of the actual consummation or execution of a conspiracy under Section 1 of the Sherman Act." [This section combinations forbids conspiracies or of interstate trade or commerce.—Ed. The tions in restraint note.] 67-page ruling reversed a decision United by the Seventh States Circuit Court, which had overturned in Court District the the on ground that convic¬ the trial judge had given improper instructions to the jury. It was held by the Circuit Court that the jury should have deter¬ whether the acts of the mined in Wadhams Oil Oil the defendants constituted Socony-Vacuum were: case Co., Empire Oil & Refining Co., Co., Pure Oil Co., Shell Petroleum Corp., Co., Continental Sinclair Re¬ leum Co., Skelly Oil Co., Globe Oil & Refining Co. (Okla.), (111.), Charles E. Arnott and H. T. Ashton, of Socony-Cacuum; R. H. McElry Jr., of Pure Oil; P. E. Lakin, of Shell, and R. W. McDowell, of Mid-Conti¬ nent. The companies were fined $5,000 each and the indi¬ viduals $1,000 each in the District Court. Globe Oil & Refining Co. decision was Attorney General, hailed as by Thurman Arnold, Assistant of the most important in years. one Mr. Arnold added that "literally hundreds" of cases involv¬ ing the sort of price-fixing which the Supreme Court illegal are affected by the ruling. "The Madison Oil case is of far-reaching importance because it ha.s same ruled now decides finally and decisively that industries may not join to put a floor under prices on the plausible ex¬ that any competition which hurts is a competitive together cuses evil." Another result of the month Madison in the had granted these factors new trials on the evidence did not show their guilt. The Department of Justice has awaited Supreme Court action that the case on the before renewing the legal battle against these two groups. At month-end it was disclosed in Washington that the Midwest oil companies involved in the decision had asked the Supreme Court for a rehearing of the case on the grounds that the ruling made at that time may contribute to price dislocations during the rearmament program pro¬ posed by the Administration following the successes of the German armies in war-torn Europe. On May 6 the court ruled that any "tampering' with price structures is a viola¬ tion of anti-trust laws and rejected the plea that the "col¬ laboration" was merely to remove distress gasoline from the markets. "We are with the consequent destructive prices," the rehearing brief said. closed from all concerted action a war program effects of scarcity on "Are buyers to be fore¬ which would protect them from runaway prices which the derangement of competition inevitably concerted threatens? action Are sellers to be foreclosed to mitigate such situations which eration of the public need dictates?" from consid¬ Along with the complete details of the note sent to Sec¬ retary of State Hull by the Cardenas Administration [made public May 4.—Ed. note] answering the early April request of the Department of State from arbitration of the prob¬ lems arising out of the expropriation of some half-billion dollars of American, British and Dutch oil properties in Mexico came the news that the Cardenas Government had signed an agreement their claims The denas with the Sinclair for their companies answer to Oil involved settling group in the situation. Secretary Hull's note, in which the Car¬ Administration refused to "arbitrate" a question already settled by the Mexican courts in accord with Mexi¬ can law, came as little of a surprise, either to official Washington or the oil companies involved. Secretary Hull refused to comment upon the note until the State had had time to make a complete Department of study of President Cardenas's Finance in Mexico Sinclair terms answer. Suarez announced on May City that the long-rumored settlement with group the was mitted 8 the accomplished fact. Under the Mexican Government com¬ Sinclair group $8,500,000 cash in an agreement the itself to pay the settlement of the claims arising out of the seizing of four companies in the group early in 1938. The announce¬ ment pointed out that the company would be paid in cash full and It that no additional was payments in oil would be provided. disclosed, however, that Mexico would sell Sinclair oil a commercial deal whereby was pending. The Finance Minister's statement disclosed that the Sin¬ interests would be given a check for clair $1,000,000 as a down payment within a few days, and that the agreement provided for the payment of $3,000,000 the first year, $3,000,000 the second year, and $2,500,000 the third year, Cardenas answer, the with the Department of the Sinclair settlement comment any upon study the complete details. it had had a chance to State until Simul¬ taneously with the Suarez statement, Dr. Najera, the Mexi¬ Ambassador, released a statement in Washington that the settlement between the Cardenas Administration and can Sinclair interests was "a very important factor toward the solution of the oil problem." He added that there whatsoever to suppose that similar adjust¬ could not be made wjth other companies involved the total "no was ments in the reason dispute." Further details of the deal between Mexico and the Sin¬ disclosed at the annual stockholders' meet¬ Oil Corp. in New York on May 15. Harry F. Sinclair, Chairman of the Board, reported to the ing of the Consolidated that stockholders purchase a had agreement with the Mexican Government whereby been made Sinclair would take 20,000,000 barrels of oil over a five-year period, and that the first shipment was already on its way from Mexico. Highlight of the activities of the American Petroleum Institute officials at the trade organization's tenth mid¬ meeting in Fort Worth at month-end was the abolish¬ year ment of the extended program for the Department of Public 1938 and the return of the depart¬ Relations organized in to ment of handling press releases status the This step stitute's semi-annual meetings. order in and the In- was decided upon prevent any possibility of the activities of the to Department of Public Relations from presenting an opening for further Federal investigation of the oil industry. The the also directors voted the facilities, ernment make available to services, and resources to Gov¬ the personnel of industry in a voluntary mobilization in a cooperative with the Government in the interest of national program The industry pledged itself to further an adequate supply of petroleum products at all times wherever desired by the Government. The 1,500 oil men and continuous attending fhe meeting also heard W. R. Boyd Jr., Executive Vice-President of the Institute, point out that European de¬ mand was of months mestic off 10,000,000 the second barrels World during War and the first seven against warn do¬ overproduction. Pennsylvania grade crude oil, which has been rising steadily during the past several months in response to the war-stimulated markets for lubricating oils, had their first reversal May 22. The Joseph Seep Purchasing Agency Co. cut the price of crude 25c. a barrel, effective immediately. Under the new price sched¬ the of on Penn South Oil ule. prices w7ere $2.50 a barrel for Bradford and Allegheny crude for oil, $2.15 Eureka Southwest Penn for Pipe Line crude oil. Pine Line, and $2.09 There was change in no Corning grade crude oil. The regular States monthly market demand Bureau of Mines for forecast June put of the the Nation's probable demand at 3,620,300 barrels, which is 19,300 bar¬ rels, or 1%, better than the estimated demand for May. However, the total for June is 21,000 barrels under the actual demand for the corresponding demand a year earlier. Crude oil output for the Nation has been far above the Bureau's recommendations in recent practice of several of the major ignore the Bureau's figures. months, due to the States oil-producing to Late in the month the Texas Railroad Commission issued a three months' August—which proration order—covering June, July and brought the State's oil production allow¬ able down to approximately 1,335,530 barrels on June 1, or 25,000 barrels under the present allowable. The Bureau's June figure for Texas was 1,344,600 barrels. The Texas order provides for a one-day shutdown of wells each month for all fields except current basis of 14 dition, able a for East Texas, which will continue on its shutdown days each month. In ad¬ horizontal reduction of 15% in the current allow¬ the three months is made, with East Texas un¬ changed. The Louisiana Conservation Commission moved to cur¬ tail production, setting a June allowable approximately 15,000 barrels daily below the May total. The new allow¬ able of 278,566 barrels, however, was still above the June figure Minister Eduardo Oil of As refused United confronted by the dislocations of are the Stanford Co. defense. decision handed down early in that 15 other individuals and three other corpo¬ rations will be brought to trial. The Federal District Court was ground properties who lost their Mexican the Sinclair Pierce Corp., Mexican Sinclair Petroleum Co., Compania Terminal De Lobos, and (Sinclair) These clair group were Oil fining Co., Mid-Continent Petroleum Corp., Phillips Petro¬ The Oil dated holdings. un¬ trade in violation of the law. reasonable restraint of Defendants settlement was in a rise is proof before the end of 1943. The full for the claims of the four Consoli¬ transaction completing the of the Bureau barrels for June. Producers set of Mines for Louisiana of 274,700 The Central Committee of California June production at 592,000 barrels Oil daily maximum, unchanged from previous months, and cut the maximum well allotments from 74 barrels daily to 72 bar¬ rels during June in order to further pare production. Statistical developments in the domestic industry, as re¬ ported by the Bureau of Mines and the American Petroleum Institute, were none too significant. Stocks of domestic and foreign crude oil held in the United States barrels rose 2,766,000 during the April 20-May 18 period, totaling 257,647,000 barrels, against 254,881,000 barrels a month earlier. Daily average production of crude oil, the A. P. I. report showed, was off 9,600 barrels during the April 24-May 25 period, totaling 3,835,650 barrels, against 3,845,250 barrels. The following crude oil price changes were posted during May: - 1—Southwestern May 5c. Michigan field crude prices were shallow barrel to $1.08. a of the South Penn Oil Co. barrel to $2.50 for Pine, and $2.09 for Pennsylvania grade crude oil 25c. a Allegheny, $2.15 lifted . May 22—The Joseph Seep Purchasing Agency cut 11 MONTHLY REVIEW June, 1940] Southwest for Penn Bradford and Eureka Pipe ordinary requirements for national defense, the statutory debt limit of $45,000,000,000 would be reached by the end of next February and that the cash in the Treasury's working 3alance would be dangerously depleted by that time unless Congress took some action. Requests for additional na- Line crude. iional defense funds would raise the prospective 1941 deficit West Coast gasoline price late in May when Stand¬ ard of California initiated a reduction of from l/jc. to 2%c. a gallon in retail prices of motor fuel. With the excep¬ tion of Shell Oil and Tide Water Associated, all major marketers followed the reduction. Third-grade was low¬ ered 2c., regular grade l^c., and premium 2^c. a gallon, respectively, as top-heavy stocks forced the price level $3,703,000,000, whereas the borrowing power now remaining within the existing debt limit was $1,973,000,000. He said it would be undesirable to reduce the Treasury's lower. May than in Treasury bonds. While Treasury note yields in May rose from 0.44% to 0.84%, the average yield on Treasury bonds not callable within 12 years rose only from 2.24% to 2.47%. The longer Treasury bonds, affected by the intensification of the war in Europe and the prospective increase in the public debt in this country, declined approximately four points during the month and reached new low ground for the year, but they still held about 4points above the lows of last September. The 'irmer tendency extended to Treasury bills, the issue dated May 29 being awarded at 0.067%, the highest rate since Sept. 27, 1939, compared with an average rate of 0.007% for the bills dated May 1 and 0.004% for those dated April 24. The Treasury confined its financing operations in May to refunding of the $100,000,000 weekly bill maturities. Presi¬ dent Roosevelt .made puhlic on Mav 9 revised estimates:of-, the various governmentar agency funds that are To be re¬ captured to help in meeting the Government's deficit in the 1941 fiscal year. The revised figures follow: RFC, $175,000,000; Home Loan banks, $125,000,000; Federal Land banks, $100,000,000; Federal Farm Mortgage Corporation, $100,000,000; Public Works Administration, $50,000,000; Bank for Cooperatives, $60,000,000; Production Credit Corporation, $15,060,060; Federal Intermediate Credit banks, $40,000,000, and Federal Savings and Loan Associa¬ The first wide-open break in the structure in four years developed marketing sections of the country normal seasonal readjustment of fuel oil prices bringing some cuts in the New York-New England markets for these products by Standard of New Jersey and Standard of New York, marketing affiliate of mixed, with Socony-Vacuum. barrel the on the oil prices were cut 15c. a on May 24, with Diesel the same amount. Under prices for bunker went down Bunker fuel Seaboard Eastern marine fuel oil being reduced by the to schedule New new $1.35 York while Diesel barrel, a was available at $1.95 a barrel. The statistical side of the refined products tinued fact to make bearish reading during May. industry con¬ -Despite the industry is well into its period of heaviest of motor fuel showed disappointing Much of this, of course, was due to the bad stretch that the consumption, losses. stocks rainy weather which hit much of the East during May. of Stocks of finished and unfinished motor fuel were off only 2,165,000 barrels during the April 24-May 25 period, totaling 100,297,000 barrels in the latest available figures at monthend against 102,452,000 barrels a month earlier. Refinery operations at month-end were 84.1% of capacity. Price changes showing the trend of the major refined products during May follow: O bunker fuel oil and Marine Diesel fuel oil were cut May 24—Grade 15c. a barrel to $1.35 and $1.95 a barrel, respectively, at New York. third-grade gasoline 2c. a gallon, of standard grade 1 Ysc., and of premium grades 2%c. a gallon, other companies meeting the reduction. May 29—Revising its price structure to conform with the cut posted last week by Standard of Jersey, Socony-Vacuum cut prices of Nos. 2 and 3 heating oils 6/lOths cent a gallon and kerosene %c. a gallon through its New York-New England marketing area, with the exception of Weetern May New 27—Standard of California reduced retail prices of York. MAY FINANCING OF THE UNITED STATES TREASURY The Treasury was called upon suddenly in May to adjust its financial affairs to the situation confronting the United States as a result of the successes enjoyed by German arms The market for Government securi¬ the Western front. on ties gave prompt reflection to this new development in the European war, but the losses they suffered were materially less than those registered last September upon the outbreak of working balance much below the current level of $1,300,- 000,000. that the Treasury would The indications fense confine its de¬ securities with a five-year maturity made program to 'or proportionately greater weakness in the Treasury note market in Price changes in other were bo about war in Europe. Of far greater moment to the Treasury than the sagging tendency which showed up on the market for its securities was the task devolving upon it of finding the funds to finance the $35,000,600. tions, The Federal Intermediate Credit banks marketed Both issues are dated $24,700,000 was issued to meet a maturity of like amount on June 1 and $5,900,000 represented new money. The offering was at prices slightly above par. As of June 1 the banks had outstanding $210,system will fall due on Nov. 1, 1940. June 1. Of the total amount placed, 300,006 of debentures. Secretary Morgenthau announced on May 7 that total of United States savings bonds through March 31 amounted to $3,860,273,475 maturity value, with the pur¬ chasers numbering 1,987,374. After deducting bonds re¬ deemed, the maturity value of savings bonds outstanding on March 31 was $3,495,573,600. Sales of savings bonds during sales May yielded the Treasury an aggregate of $64,267,494, compared with $62,105,047 in May, 1939. The details of Treasury bills sold on a discount basis are given in the following tables: Amount of Bills For a number of years no a Dated Mature Apr. 26 1940 May 1 1940 May 3 1940 May Subscrip¬ Offering Bills Offered Luxemburg. publicly $27,700,000 of %% debentures on May 17 and at the same time placed $2,966,000 of debentures within.the system. Of the two sets of debentures sold, those offered publicly will mature on June 2, 1941, and those placed within the tions 91 days $100,000,000 $182,446,000 8 1940 July 31 1940 Aug. 7 1940 91 days 100,000,000 219,118,000 out the armament program, the gi and outlays of the Government would r May 10 1940 May 15 1940 Aug. 14 1940 91 days 100,000,000 17 1940 May 24 1940 May 22 1940 Aug. 21 1940 91 days 100,000,00c May 29 1940 Aug. 28 1940 91 days at any May 30 1940 June 4 1940 91 days 100,000,00c 100,000,00c 218,779,000 169,840,000 213,762,000 209,222,000 had to finance a sizable deficit, but the to carry May time since the World War years. before a joint s on May 16 to request additional appr< $1,182,000,000 for the Army and Navy, the responsibility of determining how th pay the defense bills would be provided. 5 1940 Bills Average tions Accepted Price Yield 8182,446,000 219,118,000 218,779,000 $100,051,000 100,011,000 100,028,000 100,105,000 99.998 100,202,000 100,008,000 99.983 0.007% 0.008% 0.016% 0.032% 0.067% 0.089% Offered Apr. 26 1940 May 3 1940 May 10 1940 May 17 1940 169,840,000 213,762,000 May 30 1940 national defense program. Congressional leaders, Secretary of the Treasury Henry Morgenthau Jr. and Treasury tax experts met on May 28 and devised a plan to raise the public debt limit by $3,000,000,000, on the one hand, and to levy new taxes calculates to yield between $600,000,000 and $700,006,000 annually for the next five years, on the other, to amortize the debt increase. This plan, which, it was announced, had the approval of President Roosevelt, would call for a 10% super¬ tax on corporate and personal income taxes, estimated to yield $210,000,000; a 10% tax increase in manufacturers excise taxes, estimated to yield $160,000,000; an increase of one cent to two cents a gallon in the Federal gasoline tax. estimated to yield $200,000,000; an increase in the beer tax 209,222,000 emergency a barrel, estimated to yield increase of 75 cents $75,060,000, anc gallon to $3 in the Federal liquor tax, estimated to yield $35,000,000. The conferees announced that they would propose "an an a increase in the national debt authorization by $3,000,000,000 provide for the issuance of national defense obligations to be sold with maturities not to exceed five years, and they will also propose the levy of additional taxes, the details of which are to be worked out by the committee." Appearing before the House Ways and Means Committee on May 31, Secretary Morgenthau said that, owing to extra¬ to Maturing Amount Subscrip¬ May 24 1940 from $5 to $6 Sept. To Redeem Mr. Roosevelt appeared 99.998 99.996 99.992 99.977 NEW SECURITY ISSUES Issue of— $100,044,000 100,240,000 100,444,000 100,836,000 100,454,000 100,667,000 IN MAY The German invasion of Scandinavia and the Low Coun¬ tries of northwestern resulted and in the Europe in May shattered bond prices postponement of many sizable offer¬ How¬ ings scheduled to be placed in the domestic market. of during the $75,000,000 issue of United States Steel Corp., floated on May 15, which was ever, of the few emissions month the to be disposed the largest was made up of the carried through to a successful conclusion. The group un¬ derwriting the offering was headed by Morgan, Stanley & Co., Inc., and included a nation-wide representation of 112 investment houses and banks. We give below the prin¬ cipal offerings for May: RAILROAD FINANCING $10,400,000 New York Central RR.—Gregory & Son. Inc., New York on May 7 purchased $10,400,000 2% equipment trust certifi¬ cates due June 1, 1941 to 1950, inclusive, on their bid of 101.0549. The bankers announced that all of the certificates had been placed privately. 9,000.000 New York Central Finance Corporation RR.—The sale by the Reconstruction of $9,000,000 2H% equipment trust certificates at 101 plus int., representing a premium of $90,000 and an interest basis of 2.29%, was announced May 17 by Jesse H. Jones, Federal Loan Administrator. The certificates mature in equal annual instalments of $900,000 each on Dec. 1, 1940-49, trustee. and Dick inclusive. Chase National Bank, Philadelphia. The certificates have been placed York, Hutzler New The purchasers were Salomon Brothers and and Merle Smith, New York, and Stroud & Co., privately. 12 MONTHLY REVIEW American INDUSTRIAL AND MISCELLANEOUS FINANCING $75,000,000 United States Steel Corp.—Offering was made May 15 of interest June 1. Anaconda Copper Mining Co.—Dividend of 50c. a share on the common stock, payable June 24. This compares with 25c. a share distributed on March 25, last. ranging from 0.375 to 2.65%. The under¬ writing group was headed by Morgan Stanley & Co., Inc., and coupons included banks. and a nation-wide It is insurance companies were Bankers of 112 investment houses that three large New York group understood buyers, along with other life cents com¬ Lines, Inc.—Public offering Scrymser Co.—Dividend of $2 a share on the common stock, payable June 15. This compares with $2.50 paid on Dec. 15, last, and $1 a share on June 15, 1939. Brunswick-Balke-Collender March to 50c. Sisters of Notre Dame, Milwaukee, authorized any person to that make any representation paid the a on share the on stock increased common share to 25c. a share, payable June 15, next. the common a share were Electric Boat Co.—Dividend 30c. share to 40c. a on the $3 par, common stock increased from share, payable June 12. a Foote-Burt Co.—Dividend of 35c. share a A distribution of 25c. payable June 15. stock increased from 40c. on the no a par common stock» was made on March 15, last. Frankenmuth" Brewing Co.—Extra dividend of five cents a share and a regular quarterly of 2 He. a share on the $1 par, common stock, both payable June 15. Fruehauf . 25c. Co.—Dividend Trailer share to a Gamewell share to 75c. the on stock increased common from jthare -payable June ^ Co.—Dividend the on increased from y , ; stock common 50c. a share, payable June 15. a no by the company or by Pistell, Wright & Co., Ltd., and they on 25c. the common stock increased from 25c. on Ex-Cell-O Corp.—Dividend on the common share to 60c. a share, payable July 1. Bonds bear 2H, 3, 3H, and 3%% interest coupons semi-annually Nov. 15, 1940 to May 15, 1955, have not share a with Duval Texas Sulphur Co.—Dividend resumed on the common stock by the payment of 25c. a share on May 31. Last previous distribution amounted to 50c. a share and was made in November, 1936. mature ' 50c. Dewey & Almy Chemical Co.—Dividend of 50c. a share on and common B shares, payable June 15. Dividends of 25c. paid Dec. 23, 1939 on the above issues. inclusive. Erice frombe "atto time. Suchand time the market" public offering price shallmade not, owever, representation is of compares share, payable June 28. a from 15c. Wis.—The 731,250 Harvill Aircraft Die Casting Corp.—Pistell, Wright & Co., Ltd., New York, on May 9 offered the common stock (par $1) at $3.25 per share. Stock offered as a speculation. Pistell, Wright & Co., Ltd. has informed the company that it proposes to make a public offering of all or any part of the v 225,000 shares at an initial offering price of $3.25 per share; "reserving the Hght, howevervth^reaftef~tO vary the'offering This Champion Paper & Fibre Co.—Dividend Monroe & Co.; and Paine, Webber & Co., Milwaukee, Wis., on May 3 offered $1,475,000 1st mtge. serial bonds at prices ranging from 100.75 and interest to 103 H and interest to yield from 0.75% to 3.45% according to ma¬ and 15. Canners, Ltd.—Participating dividend of 50c. a share in a regular quarterly of 25c. on the first preferred stock and a participating dividend of five cents along with a regular quarterly o 15c. a share on the second preferred stock, all payable July 2. Wisconsin Co.; Braun, turity. Co.—Dividend June addition to to 75,000 School payable last. Canadian stockholders, 104,545 shares remained unsubscribed at the expiration of the subscription period May 24. These shares comprised the above offering. 3,200,000 Southern Advance Bag & Paper Co., Inc.—An issue of $3,200,000 4H% 1st mtge. sinking fund bonds, due May 1, 1955, was offered May 10 by an underwriting group comprising E. H. Rollins & Sons. Inc.; Coffin & Burr, Inc.; and Boenning & Co. The bonds were priced at 100 and accrued interest. 1, 15, Bui lard Co.—Dividend held, was made May 28 by a banking group headed by Smith, Barney & Co. at 30 % a share. Of the total number of shares * stock common of most of the ($1 par) common unsubscribed portion of the 110,909 shares stock of the company, recently offered to stockholders at $32 a share on the basis of M share of new stock for each share offered National Investing Corp. (Del.)—Initial dividend of 6M share was paid June 1 on the class A and B common shares and 5% preferred stock. Borne panies outside New York City. Air a the on 4,436,278 North American Finance Corp.—McAlister, Smith & Pate, Inc., Greenville. S. C., offered 316.877 shares class A common stock (no par) at $14 a share. 3,345,440 Eastern Laundry Machinery Co.—Extra dividend of 10c. a share and regular quarterly of 20c. a share on the common stock, both payable a $75,0( 0,000 serial debentures at 100 and int. for all maturities. The debentures, which are dated May 1, 1940 and due $2,500,000 semi-annually, Nov. 1, 1940 to May 1, 1955, bear . General Motors Corp.—Dividend on the $10 par common stock increased from 75c. a share to $1 a share, payable June 12. the price at Goderich Elevator & Transit Co., Ltd.—Extra dividend of 15c. a share and a regular semi-annaul dividend of 25c. a share on the common stock, Vita Hat which any of the shares are offered is the market price thereof, or that the shares are offered "at the market or at a price related to the market price thereof." 600,000 Val Food Products, Inc.—Public offering was com¬ April 18, 1940, of $600,000 5% sinking fund debentures due April 1, 1952, by Banks, Huntley & Co. and Lester & Co., Los Angeles. On April 30, 1940, the under¬ writers had confirmed sales of $100,500 in aggregate principal menced on amount of debentures. Purpose—The net proceeds estimated at $544,902 will be as follows: Acquisition of real property, buildings equipment now held under lease, $28,000; purchase of additional miscellaneous machinery and equipment, $80,000; retirement of bank loans, $375,000; increase of cash working capital, $61,902. devoted and 595,000 Triumph shares of Explosives, Inc.—The distribution of 140.000 stock (par $2) has been completed, MacBride, Co., Inc., New York and Grubbs, Scott & Co., Pittsburgh, underwriters, announced May 10. The stock was formally offered Nov. 14, last at $4.25 a share. Miller common & 350,000 Republic Investors Fund, Inc.—An issue of approximately $350,000 collateral secured 4H% convertible bonds, series A, due Feb. 1, 1950, was recently offered and sold at 100 and int. by Bull, Wheaton & Co., Inc., New York. MUNICIPAL FINANCING both B payable July 2. Corp. of America—Dividend of 30c. stocks, payable June 1. a share the class A and class on common Houdaille-Hershey stock of on no Corp.—Dividend of 50c. value, payable June 15. This par share a the on class compares with 25c. B paid March 14, last. Indian Motocycle Co.—Initial $10 par pref. stock and 25c. payable July 1. International common a dividends of 30c. share on the new share a Products, Inc.—Initial dividend of 25c. the on common stock, share a new both on the stock became payable June 1. Interstate Natural Gas Co., Inc.—Dividend of $1 stock, payable June 15. This compares with last, and 75c. disbursed on June 15, 1939. a share $1.25 paid the common on on Dec. 15, Kansas Oklahoma & Gulf Ry.—Dividend of $3 a share on the series C non-cumulative preferred stock, payable June 1. Dividend of $4 was paid last December and a dividend of $2 a share in June, 1939. Kennecott Copper Corp.—Special dividend of 50c. dividend of 25c. a share the on a stock of common A distribution of 25c. payable June 29. share and no par a regular value, both 30, last. was made on March Keystone Watch Case Corp.—Dividend of $1.50 stock, payable July 10. A dividend of $2.50 one of 50c. on July 10, 1939. share a paid was on the common Dec. 20, last on and $7,997,000 Detroit, Mich., series F non-callable refunding bonds awarded to the Northern Trust Co. of Chicago, as 3Hs, at 100.0028, a basis of about 3.249%. Due serially from 1941 to 1952, incl. Purchaser did not re-offer the issue. 3,150,000 Wichita Falls, Texas, 3%, 3H% and 3%% refunding bonds were publicly offered by Crummer & Co. of Dallas and asso¬ ciates. Due serially from 1941 to 1969, incl. 2,500,000 Buffalo, N. Y.. refunding issue taken by an account composed of the National City Bank of New York, Manufacturers & Traders Trust Co., Buffalo, and Adams, McEntee & Co., Inc., New York, as 2Ms, at 100.169, a basis of about 2.72%. Due serially from 1941 to 1950, incl. and re-offered to yield from 0.75% to 2.70%, according to maturity. 2,389,000 Ventnor City, N. J., refunding bonds purchased as 4s, at par, by B. J. Van Ingen & Co., Inc. of New York. Due serially from 1941 to 1960, incl. 2,000,000 South Carolina (State of) highway certificates of indebted¬ ness, due serially from 1942 to 1948, incl., awarded to a group headed by the Union Securities Corp. of New York, as lHs, at 100.26, a basis of about 1.44%. Re-offered to yield from d.6d% to 1.6"%, according to maturity. 1,769,000 Maine New Hampshire Interstate Bridge Authority, Me., 4% bridge bonds sold by the Reconstruction Finance Cor¬ poration to Triop & Co. of New York. Due Feb. i, 1969. 1,660,000 Buffalo Municipal Housing bonds sold Authority, N. Y., building to Phelps, Fenn & Co., Inc. of New York and associates, as 2s, 2Hs, 2Hs, and 2%s. at a price of par, or a net interest cost of about 2.47%. Due serially from 1940 to 1959, incl. and containing a call feature. Re-offered to yield from 0.20% to 2.60%, according to maturity. 1,500,000 Montgomery County Precinct No. 2, Texas, 3H% un¬ limited tax road bonds purchased by an account managed by .the Mercantile-Commerce Bank & Trust Co. of St. Louis, as 3Hs, at 100.10, a basis of about 3.22%. Due serially from 1941 to 1948, incl. 1,500,000 Pittsburgh School District, Pa., building bonds awarded to the Union Trust Co. of Pittsburgh and associates, as 22£s, a price of 100.678. a basis of about 2.69%. Due serially from 1941 to 1965, incl. 1,350,000 Newark N. J., various purposes bonds sold to a group com¬ posed of Colyer, Robinson & Co., Adams & Mueller, and Julius A. Rippel, Inc., all of Newark, as 3s, at 100.073, a basis of about 2.98%. Due serially from 1941 to 1960, incl. and re-offered to yield from 2.10% to 3.20%, according to at Kimberly-Clark CHANGES IN MAY Dividend declarations in May were largely of a favorable The following list, divided into two sections, nature. namely, "Favorable Changes" and "Unfavorable Changes," gives the more important of the changes: FAVORABLE Acme Gas & Oil Co., Ltd.—Dividend of stock, payable June 10. some CHANGES share one cent a This will be the first share common on the common dividend paid in Aluminum stock Industries, Inc.—Dividend of 15c. a share on the common payable June 15. This represents the first dividend to be paid on 15, 1938, at which time 10c. a share was the common shares since Jan. disbursed. Amalgamated Sugar Co.—Initial dividend of 10c. stock, payable July 1. share on American-Hawaiian Steamship Co.—Extra dividend of 50c. a regular quarterly of 25c. a share June 29. on „ the common the a common share and stock, both payable the common Steel dividend of 25c. a share and a regular the common stock, both payable July 1. stock, payable June 25. Co.—Dividend of 35c. payable May 29. This paid on Feb. 15, last. share a on the stock, common compares with an initial dividend of 25c. a share Merck & Co., Inc.—Dividend on the common stock increased from 25c. share to 40c. a share, payable July 1. Metal Textile Metal & Thermitt This on a share and a regular the participating preference stock, both a share on the common stock, This compares with $1 paid on March 11, last, and ' Co.—Dividend July 1. Mode share a Corp.—Dividend of $2 payable June 10. on Dec. 23, 1939. Midvale a Corp.—Participating dividend of 10c. quarterly of 81 Mc. payable June 1. of $1.50 compares with a 25c. a share on the common share $1 paid O'Day Corp.—Extra of 25c. a on the capital stock, payable April 1, last. on share in addition to a dividend of stock, both payable June 24. Modine Mfg. Co.—Extra dividend of 25c. a share and a regular quarterly of 50c. a share on the common stock, both payable June 20. Machine Tool Co.—Dividend on the common stock from 50c. a share to $1 a share, payable June 1. Monarch Motor Products declaration $1.50 a of share Corp.—Dividend resumed 50c. payable June was made on Dec. 10. on The the last common previous increased stock by the payment of 8, 1937. Narragansett Racing Association, Inc.—Dividend of 50c. a share on the $1 par, common stock, payable June 10. This compares with 25c. a share paid on Dec. 18, last. National Container Corp.—Dividend of 25c. a share on the common stock payable June 15. This compares with 20c. a share paid on March 15, last and 17Hc. a share on Dec. 15, last. National Standard quarterly of 50c. Newmont Mining shares of Co.—Extra dividend of 25c. a share and a regular on the common stock, both payable June 5. share a Corp.—Dividend of 50c. per share capital stock outstanding, payable June 17. Directors also declared a stock on dividend at the rate of the one 531,646 share of capital stock for each share outstanding, to be distributed on or about June 28 to stockholders of record May 31. The new shares will not be entitled to receive the cash dividend just declared. New Orleans Public Service Co.—Dividend of $17.50 a share on account of accumulations on the $7 cumulative preferred stock, became payable on May 31. This disbursement cleared up arrears through April 1. Niles-Bement-Pond Co.—Dividend 50c. a share to 75c. a on the common stock increased from share, payable June 15. Indemnity Co.—Extra dividend quarterly dividend of 40c. a share on of 10c. a share and the regular the $10 par, common stock, both ^ payable July 1. Pacolet Mfg. Co.—Dividend of $3 a share on the common stock, payable June 30. This represents the first dividend paid on the common stock in some time. . . Parker\ Rust-Proof Co.—Extra dividend of 25c. a share in addition to the regular quarterly dividend of like amount on the common shares, both a on McLouth Pacific time. on a share and a regular quarterly dividend of 10c. on the common stock, both payable July 1. Lane-Wells Co.—Extra dividend of 10c. a share and a regular quarterly dividend of 25c. a share on the common stock, both payable June 15. Madsen Red Lake Gold Mines, Ltd.—Initial dividend of three cents a maturity. DIVIDEND Corp.—Extra quarterly of similar amount Lamaque Gold Mines, Ltd.—Extra dividend of 10c. payable June 1. Pennsylvania RR.—Dividend of 50c. a share on the capital stock, par $50, payable June 26. This compares with $1 paid on Dec. 18, last, and 50c. paid on Dec. 20, 1938. Pennsylvania Salt Mfg. Co.—Dividend on the $50 par, common stock increased from $2 a share to $3.25 a share, payable June 15. . ■ MONTHLY REVIEW June, 1940] Peoples Drug Stores, Inc.—Special dividend of 25c. a share and a regular quarterly dividend of 25c. a share on the common stock, both payable July 1. 13 United Amusement Corp., Ltd.—Dividend on the class A and class B stocks, reduced from 45c. a share to 40c. a share and become payable on May 31. Petroleum Corp. of America—Dividend of 35c. a share on the common stock, payable June 28. This compares with 40c. paid on Dec. 20, last, and 30c. a share on June 28, 1939. Petroleum Exploration, Inc.—Extra dividend of 15 cents a share and a regular quarterly dividend of 25c. a share on the common stock, both payable June 15. An extra distribution of 10c. a share was made on March 15, last. In the first place, Progress Laundry Co.—Extra dividend of 10c. side from the quarterly dividend of 20c. a a share on the common June 1, last. share and a regular stock, were paid on Reliance Steel a share to 75c. a share, Co.—Dividends declaration of 10c. amounted to 20c. a a on the common stock inpayable June 1. with the The last previous payment 15, 1937. the common stock resumed on share, payable June 12. share and made on Oct. was Sherritt Gordon Mines, Ltd.—Initial dividend of five cents a the common stock, payable July 8. (L. S.) Starrett Co.—Dividend stock increased the no par common on THE STOCK MARKET DURING MAY jarred roughly in May out of two was prices broke out violently narrow since of September; fluctuation in zone the September. the down¬ on which they had second place, the pace of trading, which had been slow and unexciting for approxi¬ mately and seven half months, a was suddenly and de¬ cisively quickened. share on St. Joseph Lead Co.—Extra dividend of 25c. a share and a regular quar¬ terly of similar amount on the $50 par, common stock, both payable June 20. OF grooves in which it had been moving since last observed ... Puget Sound Pulp & Timber Co.—Dividend increased from 50c. COURSE The stock market The engine which was responsible for spinning downward fast so attack by Germany on in early the this fashion to the Timken and sending the market the launching of a violent Belgium, Holland and Luxemburg of May 10. By reacting in hours morning from 50c. a share to 75c. a share, payable June 29. Sterling Products, Inc.—Special dividend of 10c. a share and a regular dividend of 95c. a share on the capital stock, both were payable on June 1. Stonega Coke & Coal Co.—Dividend on the common stock resumed with the declaration of 50c. a share, payable June 12. The last previous payment amounted to $1.25 a share and was made on Dec. 14, 1937. • was war news the market appeared to depart from the principles to which it was subscribing last ber. When the German planes, tanks and troops Septem¬ crossed the Polish border in September the stock market here advanced vigorously on the assumption that the war would Technicolor, Inc.—Dividend"on the common stock increased from 40 be actively contested on all fronts and that the high rate a share to 50c. a share, payable June 15. of consumption of materials would bring, as was the case Texas Gulf Sulphur Co.—Extra dividend of 25c. a share and a regular in the last war, substantial orders to this country. But quarterly of 50c. a share on the common stock, both payable June 15. Tex-O-Kan Flour Mills—A distribution of 15c. a share was made May 30 when the belligerents encamped in their fortified lines on the common stock, the first in several years. in the west and did not give violent battle, the stock Thompson Products, Inc.—Dividend of 50c. a share on the common stock, market fell into a rut, waiting for active fighting to begin. payable July 1. Previously regular quarterly dividends of 25c. a share were distributed. When Germany on May 10 cut short the period of watch¬ Thomson. Electric Welding Go.—Dividend -on- the-common-stock- in¬ ful "Tvaiting"in market" took fright creased from 50c. a share to $1 a share, payable June 1. Prices softened moderately on the first day of the attack Time, Inc.—Dividend on the common stock increased from $1.75 a share on the Low Countries, held fairly steady on the next day, to $2 a share, payable June 10. Roller Bearing Co.—Dividend of 75c. share on the no par a This compares with 50c. a share paid stock, payable June 5. common March 5, last. on Todd Shipyards Corp.—Dividend increased from 75c. a share the common stock of no par value a share, payable June 15. on $1 to Union Gas Co. of Canada, Ltd.—Extra dividend of 20c. a share and a regular quarterly dividend of like amount on the common stock, both payable June 15. Union Tank Car Co.—Dividend of 45c. a share on the stock» common Previously regular quarterly dividends of 30c. a share share on March 1, Dec. 1, 1939. payable June 1. distributed along with extra payments of 10c. a were last, and on United Aircraft Corp.—Dividend on from $1.25 a share to $1.50"a share, the $5 par, capital stock increased payable June 15. Valley Mold & Iron Corp.—Dividend of 50c. the common 25c. share a This compares stock. Dec. 24, on with $4 a share paid June 1, on Dec. 26, last and was paid on 1938. Vick Chemical Co.—Usual quarterly dividend of 50c. per share and the week May more a Welch Grape Juice Co.—Stock dividend of 5% on the common stock, payable July 1. A regular quarterly cash dividend of 40c. a share on the common stock was also declared and becomes payable on June 14. A like stock dividend was also paid on June 15, 1939. Westmoreland Coal Co.—Extra dividend of 50c. stock, payable June 28. 15,4937. This compares with a a share the on common dividend of $1 paid on Dec. Weyenburg Shoe Mfg. Co.—Dividend of 37Mc. a share on the $1 par, stock, payable June 15. This compares with 50c. paid on Dec. 20, last and 25c. on July 6, 1939 and Dec. 31, 1938. common Wiser Oil Co.—-Extra dividends of 25c. similar amount (Wm.) on the common share and regular quarterly of stock, both payable July 1. a a Wrigley Jr. Co.—Extra dividend of 50c. common a share on the no par A regular monthly dividend of 25c. a declared becomes due on the same date. stock, payable July 1. share previously UNFAVORABLE CHANGES Corp.—Dividend of $6 a share was paid May the preferred stock, and compares with a previous distribu¬ 29, last, on tion of $8 a share made on May 29, 1939. Calloway Mills—Dividend of llj^c. common stock as against 153^c. a a share was paid May 20 share on Feb. 20, last. Columbus Auto Parts Co.—Dividend of $1 a share lations account of the on Dividends of $1.50 were paid on Dec. 1, last. Consolidated Rendering Co.—Dividend of $1 a share was paid May 20, on the no par common stock. Previous distribution of $1.50 a share were made on Dec. 18, last and $2 on Nov. 20, last. Dictaphone Corp.—Dividend on the no par, common stock of 50c. a On March 1, last, a distribution of 75c. a share share, payable June 1. was made and $1 a share on Dec. Dubilier 1, 1939. Condenser common Corp.—Dividend of seven cents a share stock, payable May 20. Dividends of 13c. were paid 2, last; 10c. on Oct. 12, 1938; and an initial divid. of 15c. on Falconbridge Nickel Mines, Ltd.—Dividend ordinarily due the on 7Hc. Golden a a on the common stock reduced from 50c. a share share, payable July 1. Cycle Co.—Dividend a on the stock, payable May 25. Feb. 29, last, and on Nov. 20, stock decreased from $1 a share on the $5 par, Dividends of 15c. a share were paid 1939. Mock, Judson, Voehringer Co., Inc.—No action taken on the payment of a dividend on the common stock at this time. A regular quarterly dividend of 25c. a share was paid on March 11, last. National Sugar Refining Co.—No action taken on the at this time. was New on on made on common dividend The last previous payment amounted to 25c. a share and Oct. 2, 1939. ^ England Telephone & Telegraph Co.—Dividend of $1.50 the month, by averages, York in the average "Times," Exchange the Commission would move to But, open. in the market functioning as usual succeeding week, the third of the a the slackening in the pace of the decline in prices, ground lost being reduced to one-third of that of the the In the concluding four trading prices once threatened to resume their phatically, when King Leopold of the Belgians forces to surrender to German arms, but a late previous week. month days of the decline em¬ ordered his rally wiped the day's losses, and the month ended with trading again on the dull side and prices holding the out an on greater third and back part of keel. even the Nevertheless, of weeks deep erosion of prices in the second the month sufficed to set the market during May 22.00 points in the average, making it sharpest loss in any month since September, 1931, or in more than eight and a half years. The closing level of the 86.59, while the month's low was 82.87, the was bottommost point At their low touched by prices since June 20, the average was 31.40 points, or nearly under the high reached on 1938. 30% the preceding Sept. 13. volume, May brought to the New York Stock Ex¬ change the most active trading since the previous Septem¬ ber. Turnover came to 38,904,712 shares, a new high for any May since 1933. This total compared with one of 26,695,690 shares in April and one of 57,091,430 shares in September, 1939. On eight days in May trading volume came to 2,000,000 shares or better, and on four days volume exceeded 3,000,000 shares. In the week ended May 18 trad¬ ing proceeded at a clip which would have yielded a turnover in excess of 70,000,000 shares. for the month In its a share stock, payable June 29. Dividends of $1.75 were paid March 30, last and $2 on Dec. 23, last. common Ohio Match Co.—Dividend time was omitted. on the common shares ordinarily due at this A quarterly of 25c. a share was distributed on March 15, last. Roan Antelope Copper Mines, Ltd.—Dividend of 32c. a share on the American shares, payable June 6. In 1939 payments on American shares amounted to 40c. on June 7 and 16c. on Dec. 12 of that year. Southington Hardware Co.—Dividend of 12J^c. a share was paid April 30, last on the common stock and compares with previous quarterly payments of 25c. a share. the the retreat to lower levels the stock market ignored multiplying signs that the bottom had been reached in business recession and that activity was on the up¬ The most striking indication grade. common share, payable June 10. Pipe Line & Gas Co.—Dividend of 10c. common on some decision to keep rewarded was at this time par common stock omitted. A regular quarterly dividend of share was paid on March 25, last. share to 50c. Kansas Oct. to no a Glidden Co.—Dividend to 30c. the on on Oct. 8, 1937. reflected New and market Their As to accumu¬ cumulative convertible preferred stock, payable June 1. the on on according day, the Stock Exchange stood firm for keeping the the index Garden-Arena Boston severity has seldom For the Stock Exchange. while Secretary of Agriculture Henry A. Wallace did on May 18 request that trading be prohibited in grain futures at price levels below the aver¬ age at which sales were made at the close of business on share on the capital a share was paid on Previously regular quarterly the $100 par. common stock on May 31. dividends of $9 a share were distributed. 18 prices, trading. suspend was Washington Ry. & Electric Co.—Dividend of $10 that for rapidly than they had at any time since As the by Securities the stock paid on May 31, last, and compares with $1 a share on Nov. 30, last, and previous to that regular quarterly dividends of 20c. a share. decline of 50 stocks slump in that week was the most violent in nearly 10 years. The sicken¬ ing fall to which stock prices were subjected gave rise to widespread rumors that the Stock Exchange authorities or 1929. compiled that Agricultural Co., Ltd.—-Dividend of 30c. a the New York ended October, the company and became payable June 1, 1940. stock into on ground gave usual extra of 10c., plus a special fiscal year-end dividend of 60c., or a total of $1.20 per share was declared on the outstanding capital stock of Waialua fell then been matched of industrial production was of a quickening rate afforded by the steel com¬ panies, whose output expanded from 61.8% of capacity at the end of April to 77% at the close of May. The market remained unencouraged, too, by the special messages of President Roosevelt to Congress asking for additional de¬ fense appropriations of approximately $2,250,000,000. The in falling abruptly seemed to be placing greater market weight on the continuing loss of foreign markets to the United States as a result of German conquests. As to the fluctuations in individual stocks, Allied Chemi¬ Dye sold off from 180% May 10 to 136 May 28, and recovered at the close May 31 to 141. American Tel. & Tel. cal & opened at 172% May 1, advanced to 174% May 4, and closed May 31 3% points above its low point on May 28 at 145. Consolidated Edison Co. of N. Y. opened at 32 May 1, rose to 32% on May 3, declined to 23 on May 21, and closed the month slightly improved at 25. General Electric opened at MONTHLY REVIEW 14 37 May 1, slumped to at the close VOLUME on May 21, and recovered to 30 United States Steel opened May 1 26% May 31. on 59%, climbed to 63% on May 10, dropped to 42 on May 21, and then moved forward to 46% on May 31. Steel pre¬ Month of OF BUSINESS ON THE CURB EXCHANGE 1939 1940 May 1938 1937 at May 1, declined to 103% May 21, and closed the month May 31 with improvement at 109%. Westinghouse Elec. & Mfg. opened May 1 at 113, rose to 114% on May 3, shot back to 76 on May 21, and ended the month higher at 87. In the railroad list, Atchison Topeka & Santa Fe opened May 1 at 22%, advanced fractionally May 9 to 22%, reacted to 13 May 21, and closed May 31 ferred opened at on Baltimore & Ohio's initial sale on May 1 was at 5; at 14. it 123% downward May 15 to 2%, reacting to moved 3% at the Chesapeake & Ohio opened at 39% May 1, advanced to 40% May 8, broke to 30% May 28, and closed a trifle better May 31 at 32%. Delaware & Hudson touched close May 31. on point May 21 at 8% after opening the month at 17%; it reached its peak of the month at 18% on May 9, and closed the month substantially below its opening level its lowest reached its top figure May 9 point of the month May 21 at 9%, closing May 31 at 10%, below its opening sale at 15%. Southern (Pacific opened May 1 at 12, fractionally extending its level May 9 to 12%, only to fall to 6% on May 21 and finish the month without great change at 7% on May 31. Northern at New York Central 9%. at 16 and its low Pacific, after opening at 8% on May 1, modestly rose to 8% on May 9, to later drop to 4% on May 15, and then react to 5 at the close on May 31. Union Pacific moved up from 95% May 1 to 96 May 2, then declined precipitately to 71 W"Mny*9Kj In most sections of the bond market the' damage to prices wrought by the fears that Germany was about to crush the Allies was substantially less than in the stock market. bond Government prices gently, almost sagged requiring little official support, and by the end of the month off about 4 points net. Offerings were at no time very were heavy in the Government market. The highest grade corpo¬ rate bonds declined only slightly more than did Government like Governments, held well above the lows of issues and, the September. previous considerable under under the But September prices. bonds second-grade in and pressure, The were instances most sold of domestic average cor¬ porate bonds declined 5.73 points to 67.71, the lowest level since September, 1938. The hardest hit section of the bond list was foreign issues. The foreign bond average of the "Times" followed up a 12.61 point decline in April, which followed with the German invasion of drop of 10.22 points in a Denmark and May, pulling the Norway, average down to 38.62 at the close of the month, the lowest closing level recorded. ever Canadian and Belgian, issues were French, under Italian, especial Australian The pressure. Belgian issues, long regarded as a prime investment, sub¬ sided to default levels on the fear that they would receive no $ S Bond sales (par value)— 34,040,000 169,000 306,000 Foreign Government._. In the following rent month on table we corporate. 586,000 337,000 328,000 508,000 bond sales 38,112,000 34,683,000 33,214,000 31,329,000 Jan. 1 to Mau 31— 17,287,426 23,938,035 Stock sales—No. of shares 194,695,000 corporate Total bond sales 160,067,000 Foreign Government Foreign 61,683,952 $ 155,869,000 1,004,000 3,194,000 Domestic 17,229,426 $ S Bond sales (par value)— $ 215,219,000 2,693,000 134,212,000 3,112,000 2,719,000 199,516,000 140,043,000 227,543,000 2,128,000 6,530,000 5,794,000 THE MONEY MARKET DURING MA Y Although the invasion of the Low Countries and the sub¬ sequent train of events in the Western war zone, caused a serious upset in the prices of stocks and important commodi¬ ties, its effect on the market in high-grade bonds was less pronounced, and no important changes in the money situa¬ tion developed. Yields on nigh-grade securities showed a moderate enhancement, but with the continued record influx of gold causing excess member bank, reserves to rise to new highs, and with commercial and industrial borrowings revealing moderate cuts, the extreme easiness in money rates continued unabated. Excess member bank reserves, under the influence of the further huge gold accessions and continued large Treasury disbursements, rose from $6,110,on May 29 receded slightly to $6,360,000,000. Government financing was again restricted to the usual Weekly issues of $100,000,000 of 91-day bills, to replace maturities in similar amounts. Gold imports during the four weeks ended May 22, as reported by the Department of Commerce, totaled $390,200,000. Of this sum $238,000,000 were sent by Canada, $44,300,000 by United Kingdom, $35,200,000 by South Africa, $19,300,000 by Switzerland, $9,900,000 by Italy and $9,400,000 by Holland. Although gold held under earmark for foreign account rose about $40,000,000 to a total of $1,275,000,000, the gold stock of the country during the month gained the record sum of $440,000,000, bringing it to a new peak of $19,162,000,000 May 29, as compared to $15,957,000,000 at the end of May 1939. Discount holdings of the 12 Reserve banks increased slightly from $2,668,000 May 1 to $3,063,000 May 29. Total member bank reserves rose further from $12,869,916,000 May 1 to $13,215,148,000 May 29. Average yields on 3 to 5-year Treasury notes again increased from 0.44% April 30 to 0.84% May 29, those on long-term Treasury bonds from 2.24% to 2.47%, and average rates on 91-day Treasury bills from 0.004% to 0.067%. On the Stock Exchange the rate for call loans remained un¬ changed at 1%. CALL LOAN RATES ON THE NEW YORK STOCK EXCHANGE active more foreign, railroad 1 1 Low Renewal High cur¬ 1 Range During May, 1940 May 31 Closing Price Lowest Price Highest Foreign Governments—85 Feb. 1972 Brazil 6s ol 1926 .1957 Canada gold 4s. ..I960 Cuba 4^s_... 6834 May 16 15 934 May 28 94 34 1977 Denmark 6s 1942 69 May 28 May 22 52 24 % 1965 1434 22 34 May 4 85 May 1 15 May 1 934 9434 May 1 7034 74 6034 May 21 56 36 3534 May 29 18 .1951 50 1134 May 15 3834 May 15 1934 May 22 Italy 7s 5334 May 9 4034 Japanese 6J^s .1954 8734 76 May 28 89 May 3 7734 Norway 434s .1965 31 23 May 31 May 1 27 Peru 6s .I960 934 534 May 22 934 May 2 1975 654 4 May 23 6?4 May 134 May 21 3934 May 22 56 34 May 6 Railroads— Chic Milw St P & P 5s. Chic & North Western 4^8.1949 Delaware & Hudson 4s Erie 5s series 234 1943 1930 5634 ...1975 15 Great Northern 4s series G..1946 9 Northern Pacific 6s series B._2047 59 St Louis San Francisco 4348.1978 1234 Southern Ry 57 34 .1956 2J4 May 40 34 May 17 1 1 May 18. 1 1 1 May 19... 4 May 5 1961 10534 12934 934 38 34 May 21 56 May 6034 May May 21 7 34 May 28 42 May 21 9634 May 22 7 1 1 1 May 23 1 1 1 8 1 1 1 May 24 1 1 1 9 1 1 1 May 25 Saturday May 10 1 1 1 May 26 Sunday May 11... May 12... May 13... 1 1 1 May 14... 1 1 1 May 30 May 15 1 1 1 May 31... 16 1 1 May Time May 27 1 1 1 May 28... 1 1 1 May 29 Saturday 1 1 Sunday loan rates 1 DAILY RECORD OF TIME LOAN RATES Rates on Mixed Collateral 46 34 Days 9734 11134 May 1... IX | 60 Days | IX IX IX IX IX IX IX IX IX May 7534 May 2... IX 3934 May 2734 May 3... IX May 21 8334 May 8034 May 4... May 15 1434 May 21 1134 May 21 Satur day 7334 May 6734 May 5... Sun day 2534 May 2534 May May 6... 1434 May 7... May 8... 76 66 Third Ave Ry adj 5s.... 1960 2334 U S Steel 1948 103»io 103i%May 16 103»ie May Youngstown Sheet & Tube 4s '48 10334 10134 May 28 106 34 May 102 34 May IX IX 9... ON THE STOCK EXCHANGE IX IX IX IX May 10... BUSINESS IX IX IX May II 1939 1938 1937 $ 144,924,000 22,931,000 12,935,210 $ 14,004,244 18,549,189 S •$ 98,423,000 96,654,000 137,945,000 17,291,000 17,658,000 8,250,000 7,390,000 6,844,000 131,156,000 IX IX IX IX IX IX IX IX IX IX IX IX May 16.. IX IX IX May 17 IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX May 18.. Satur day Sun day IX IX May 24. 96,800,295 92,797,143 212,421,734 ■ Bond sales (par value)— Government S . 8 $ IX IX IX IX -. _ IX IX IX IX IX ■ May 25.. Satur day May 26.. Sun day 615,399,000 Railroad and miscell Foreign Government •5 _ IX IX IX 111,392,190 IX IX 179,649,000 Jan. 1 to May 31— IX Satur day IX IX Stock sales—No. of shares IX IX 20,601,000 123,104,000 IX ' IX IX IX IX May 14 • bond sales IX IX 21,103,000 176,105,000 U. S. Government IX IX IX Sun day May 15.. 38,964,712 IX IX IX IX IX - May 13 1940 IX IX IX IX IX . IX May 12 Foreign Government- 6 Months IX 80 7334 Railroad and miscell.-. 5 Months 4 Months 90 Days IX IX IX IX IX May 22 2234 Bond sales (par value)— 1 security collateral continued to be quoted nominally, at 1%% for 90-day loaDS and 1%% for loans running 180 days. The heavy liquidation in stocks was instrumental in further reducing the demand for accommoda¬ tions, and as heretofore, transactions were limited to a diminishing number of renewals of older loans. May 21 8234 Stock sales—No. of shares 1 1 on 70 I960 Month of May 1 Holiday 24 34 1953 OF 1 6 May 8 1234 May 5734 May 9734 May 29 10534 May 10934 May 21 12934 May Portland Gas & Elec 4 34s VOLUME 1 1 4834 1534 May 94 34 May 28 105 May 38 May 21 5334 May Postal Teleg & 334s 1 1 May 1 7834 1990 Cable 5s 1 1 1 1 3934 .1955 _. Manhattan Ry 4s 1 May 21 Sunday 30 Commonwealth Edison 334s. 1958 Interboro Rapid Transit 5s__1966 Internat Tel & Tel 5s Sunday May 20... Saturday Industrials— Columbia Gas & Elec 5s 1 Saturday .. 1 4034 4334 45 10434 5234 5534 New York Central 4 34s 2013 N Y Chicago & St L 434s...1978 4s..., 17... 1 3... 1 May Oiening German 534s stamped May 2 Renewal High 1 May Bonds Argentine 4s. 1 May bonds: May May S. 562,000 Total Low indicate the range for the 10 each of the May 1, U. 30,259,000 Foreign May industrial Total S 32,310,000 576,000 V interest after the German invasion. more and 5,067,156 $ 37,357,000 Domestic 2,802,525 tie-close-l-OOQ^ rppnverpd do.Yl ex-div..at May 31. on 2,129,537 7,179.035 Stock sales—No. of shares 559,940,000 500,179,000 1,015,525,000 104,379,000 110,895,000 105,459,000 166,841,000 IX IX IX IX 21,983,000 39,190,000 68,168,000 253,089,000 IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX Holi day Total bond sales 741,761,000 710,025,000 723,806,000 1,525,455,000 IX IX IX ,\ Commercial remained paper inadequate supply to in satisfy the continued active investment demand. No change was shown in the prevailing range of % to 1 % for average grade prime 4 to 6-month paper. As heretofore, especially choice names went at %% although the major part of trans¬ actions continued to be made at jH? %. Under date of May 16, the Federal Reserve Bank of New York announced that dealers showed a market commercial paper out¬ received from commercial paper returns total of $238,600,000 of open standing at the end of April, as compared with $233,100,000 at the end of March, and $191,900,000 on April 30, 1939. FOR RATES NEW YORK MONEY AT Week Ended 1 May 25 June 1 May 4 Call loans May 18 1@1 1@1 1@1 1@1 1@1 1 1 1 1 1 Wa IX 1 Ya 1 Va IX IX IX IX IX IX IX IX IX 1X IX IX 1 Ya Range for week average result of these operations, and as of May 29 all member banks found themselves with actual reserves of $13,215,148,- (mixed and in¬ dustrial collateral Time loans (mixed & Indus, collat.) Thirty days Sixty days Ninety days _ IX IX Four months IX Five months IX IX IX IX IX Six months IX IX IX IX IX H@1 X@1 X@i Commercial paper: Double and single names: Prime 4 to 6 months Good 4 to 6 months X® 1 ; X®1 X@1 X®1 X@1 X®1 X® 1 Trading in bankers' acceptances remained negligible, reflecting the continued scarcity of bills coming into the open market .—Outstanding acceptances' according^to the "monthly survey of the Acceptance Analysis Unit of the Federal Reserve Bank of New York, released May 10, totaled $223,305,000 April 30 against $229,705,000 March 30 and $237,832,000 April 29, 1939. Only bills based on goods stored in or shipped between foreign countries registered an increase, namely from $29,815,000 March 30 to $33,072,000 April 30, whereas import bills declined from $89,827,000 to $85,527,000, export bills from $47,157,000 to $45,212,000 and domestic warehouse credits from $40,187,000 to $38,151,000. Bills held by accepting banks aggregated $178,286,000 of which sum $117,579,000 were own bills, and $60,707,000 were Rates for bankers' acceptances con¬ bills of others. tinued to be quoted at YA% bid and 7-16% asked for 30-day, 60-day and 90-day bills, at 9-16% bid and Yi% asked for 120-day bills, and at Y%% bid and 9-16% asked for bills running 150 and 180 days. The New York Federal Reserve Bank in its "Monthly Review" discussed conditions in the market for bankers' acceptances as follows: "Dullness continued to prevail in the market for bankers acceptances during May. With only a small volume of bills being drawn and smaller amounts being released to the market by accepting banks and bankers, the investment demand for bills was largely unfilled." PRIME BANKERS* ACCEPTANCES Call Loans May 120 Days 150 Days 90 Days 180 Days 30 Days 60 Days Secured by Accepl'ces Bid & Ask Bid & Ask Bid & Ask Bid & Ask Bid & Ask Bid & Ask ®i« aX Xa? i« Xa?n 2 Xaht Xa7!, Xa7x, 9i ,aX Xa? u Xa?!, 3 Xa7!, Xa7!, Xa7!, ?! ,aX Xa?!, Xa?i, 1 Xa7 is Xaht Xa7lt Holiday 4.... 5 Sunday Xa7n Xa7 n Xa7i, h ,aX Xa?i, Xa?i, Xa7!, Xa7 n Xa7!, ®i« aX Xa?i« Xa? n Xa7 is Xa71« Xa7!, ?! ,aX Xa?!, Xa? is 9 Xa7!, Xa.716 Xa7!, ?! ,aX Xa?i, Xa? is 10 Xa7i, Xa7!, Xa7i, ?! ,aX Xa?i, Xa? i, Xa7u Xa7it Xa7n »i6 aX Xa?!, Xa? i« Xa.71« Xa7i, Xa7!, ?! ,aX Xa? i, %a9i6 Xa71. Xa71« Xa7!, Xa7ie Xa7i, Xa7!, Xa? i6 Xa? u Xa? i6 16 ?i,aX ?! ,aX 17.. Xa7!, Xa7!, Xa?!, h,aX Xa? i. Xa? ig 6 7 8— - - • - - Saturday 11— Sunday 12—. 13 . - - - - 14 15 - - . . - 18 Xa? i« Saturday 19 Xa7!, Xa7!, Sunday Xa7!, Xa7!, Xa7i, Xa? i6 Xa7!, Xa716 Xa7n 23 Xa7 is Xa7it 24-... Xa7 is Xa7 it 20 21— 22 ..... - - » »!,aX Xa? I# Xa? i6 'i ,aX Xa?i, Xa7!, Xa?!, ?i taX Xa7i, 9i ,aX Xa?a Xa?!, Xa7i, ?i,aX Xa? is Xa?n • Xa? i« Saturday 25—. Sunday 26 Xa71« 28 .• 29— • f» -- • - . Xa7n Xa.7 is RETURNS OF THE BROKERS' Xa7!, FEDERAL LOANS IN NEW loans to brokers was a and guaranteed New York brokers Xa? is Xa? u The third securities declined securities securities decreased $44,000,000. Xa?!, dealers in securities. news of the invasion. In the $38,000,000 and other Demand deposits—ad justed increased $437,000,000 to a new high at $20,201,000,000. In the matter of security loans, the reporting banks in Xa?a weakening in the structure of the Govern¬ from the market account acquired $2,150,000 more Treasury bonds and $900,000 of Treasury notes, making the aggregate purchases for the two weeks $10,400,000. The system did not find it necessary to buy any more Govern¬ ment issues in the week ended May 29. The Federal Reserve banks found their support less needed in the market because the reporting New York City banks were active buyers in times of price weakness. Over the four-week period the 16 reporting New York City banks acquired $219,000,000 more direct Government securities, of which $117,000,000 represented Treasury bonds and notes, divided $65,000,000 and $52,000,000, respectively, between the former and the latter. Of Treasury bills the New York banks bought $102,000,000, raising their holdings to the $287,000,000 mark. Government guaranteed issues of these banks declined $3,000,000, but their other securities increased $38,000,000. The spirited buying of securities by the New York City banks gave them a n3t rise of $98,000,000 in loans and investments, loans being off $156,000,000. Loans to commerce, industry and agriculture decreased $21,000,000 to a total of $1,658,000,000. Demand deposits —adjusted of the New York banks rose $311,000,000 to a new record high of $9,393,000,000. The weekly reporting banks in 101 cities showed a reduc¬ tion of $40,000,000 in total loans and investments in the four weeks from April 24 to Mav 22, with loans off $88,000,000 and investments up $48,000,000. Commercial, industrial and agricultural loans declined $25,000,000. Holdings of Treasury bills increased $77,000,000, Treasury notes $48,000,000 and Treasury bonds $5,000,000. Government Xa? it YORK CITY came next week the open Xa?i» banking position in Mav centers largely around developments having their origin in the European war. The first of these developments was the marked in¬ crease in the rate of expansion in the gold stock of the United States which followed hard on the invasion of Belgium and The Netherlands by Germany on May 10. The second was the break in the stock market in this country which came after the spread in the war in Europe, making for the cleaning out of many margin accounts and a drastic decline in the volume of market which Xa? is The story of the development reserves Xa?i, RESERVE BANKS- increased $250,000,000 to a 29, which was $10,000,000 May 22. gold stock which added during the four weeks under review included the $11,000,000 increase in Federal Reserve credit outstand¬ ing, the $7,000,000 increase in Treasury currency, the $112,357,000 decrease in the Treasury's deposit balance in the Federal Reserve banks and the $93,000,000 reduction in Treasury cash. The., offsets to these additions to bank reserves included the $115,000,000 expansion in currency circulation and the $154,000,000 increase in nonmember deposits and other Federal Reserve accounts. The rise in nonmember deposits reflected an increase of $82,874,000 in foreign central bank deposits with the Federal Reserve banks and one of $73,552,000 in other deposits. As to the open market operations of the Federal Reserve banks, the system had made no change in its holdings of Government securities for five weeks preceding the in¬ vasion of the low countries by the Nazi forces. In the second week of May, however, the open market account bought $7,350,000 of Treasury bonds to soften the blow to the to bank 9i ,aX Holiday 31 reserves, excess reserves total of $6,360,000,000 on May under the all-time high attained on Other factors than the rise in the ?i,aX Xa7!, 30 quired "is aX Xa7!, Xa7 it representing an increase in the four-week period of $345,232,000. As deposits of member banks also were rising fast, calling for an expansion of $95,000,000 in re¬ 000, ?! tax Xa7!, Xa71« Xa7 is - Xa? it Xa7 is 27 $440,000,000, a new high for any month since the outbreak of war in Europe last September. In the period here under review—the four weeks from May 1 to 29—however, the gold stock increased by $391,000,000 to a new record high at $19,162,000,000. As the Treasury was falling back on its store of free gold as a means of raising cash, though, the amount of gold certificates deposited with the Federal Reserve banks in the four-week period increased $492,495,000 to a new peak at $16,935,473,000. This use of free gold by the Treasury was accompanied by a reduction of $93,000,000 in Treasury cash. Thus all of the gold added to the monetary stock had its effect on the banking position, plus approximately $100,000,000 of the Treasury's free gold, which was in a sense desterilized. Reserve balances were naturally increased as a (mixed and in¬ dustrial collateral Week's May 11 Stock Exchange: on 15 MONTHLY REVIEW June, 1940] decline of $126,000,000 in loans to so-called brokers' loans—to a new low since April, 1933, at $350,000,000. This liquidation of brokers' loans was concentrated in the three weeks which followed the invasion of Belgium and Holland. Street loans, as compiled by the New York Stock Exchange, decreased $170,577,770 during May to $408,909,000 May 31 from $579,486,870 April 30. On May 31, 1939, these loans outstanding aggregated $545,975,979. City suffered and dealers COURSE The foreign of extreme a in securities—the OF STERLING EXCHANGE IN MAY in May reached a point Practically all exchange rates exchange situation demoralization. declined sharply in terms of the dollar, and where declines registered the undertone was weak and the quot¬ able rates were maintained by various national exchange were not controls. Official rates quoted in London by the foreign market, which was made the occasion for substartial purchases of Government securities by the report¬ ing banks in New York City and, to a lesser extent, for the resumption of open market purchases by the Federal open control virtually dominated exchange markets throughout the world. New York was the only free market for the pound, and here sterling declined sharply. The market remained extremely narrow, and small changes in market supply and demand were reflected in the fates. The mili¬ tary situation in Europe was the dominating factor throughout, and international commercial relationships had ment In account. the monthly review of the Federal Reserve Bank of New York the growth in the gold stock in May is placed at exchange MONTHLY REVIEW 16 influence on practically no The Swedish krona was highly nominal and prac¬ quoted. tically inactive. With the of invasion Holland and Belgium May on 10 the guilder and belga ceased to be quoted here or in London. In New York sterling fell on May 10 to the extreme low of The all-time low of $2.85% $3.00 for cable transfers. recorded in was In the month with the between sterling ranged during $3.00 and $3.50% for cable transfers, low reached These rates York New May 10 and the high on May 2. a range of between $3.43 and on compared with $3.59% in April. Throughout the month the following vailed in southern Norway, the British drawal of Allied forces from spread of the war to the Low Countries, and the subsequent German drive into France, all had repercussions in the New York foreign exchange market, Cabinet crisis, the declined sharply against where a number of exchange rates States dollar. the United "Most New York exchange dealings continued to be con¬ centrated for which, however, the pound sterling, the in official rates pre¬ London. New York, 4.02%-4.03%; Paris checks, (2.2883c. buying) ; Canada, 4.43-4.47 (90.09c.Australia, 3.2150-3.2280; New Zealand, 3.2280- liamentary criticism of the Chamberlain Government, this decline was accentuated on May 6, 7 and 8, when the rate receded 16c. some sudden 90.91c.); nominal $3.31%. to attack German Immediately following the Low Countries, the first the on quotations for sterling May 10 showed wide rates until an opening on 3.2442. spreads Exchange on Berlin, Czechoslovakia, Poland, Denmark, Norway, Holland and Belgium was not quoted in London trade was made at the record low of New York. Several cated measures severe which reacted adopted in London which indi¬ British financial resources and were pressure on adversely on sterling, especially term outlook. mons the then Chancellor of the In statement a before the its long- on House Com¬ of Exchequer Sir John Simon con¬ sensitive to small changes in supply and de¬ mand. The pound quotation, which had been as high as $3.53 on April 29, began to show an easier tendency on news of Allied reverses in Norway and, accompanying par¬ tinued highly 176%-176% or Rates, therefore, market remained relatively narrow. December, 1932. free market in the month, which included the with¬ "The events of the past Continental In market. the Europe the French franc, linked to the pound, and Swiss and Swedish exchange were the only currencies freely 35c. and offered bid between $3.00. This rate, which the previous closing quotation and 14%c. below the previous all-time low touched in 1932, repre¬ sented a 25% depreciation of free-market sterling against the official rate in the London market. This low level, was below however, proved to be only temporary, as it soon attracted stimulated which cerns, by domestic commercial partial recovery. During particularly demand, some a said that "the sky is the limit in British war tions rent market required would trol measures the remainder of the month the Emphasizing the necessity for large war Simon said on May 7 that if voluntary savings Mid-not produce enough to meet the unlimited spending contem¬ plated by the Government, the money and everything else con¬ expenditure." outlays, Sir John estimated was 000,000 that by compulsion. At that time it expenditures were around $20,- war day. a The for be taken total expenditures informed of far too low to meet the situation. as May 22 the British Parliament passed without dis¬ Emergency Powers Defense Bill which gave the Government complete control over Great Britain's human, the and and An industrial Order setting up mobilizing to resources erty and all emergency. and women men in resources, the national meet Council controls immediate gave under all classes All prop¬ of every class were affected. the effect ministries banking, agriculture, transport, mining, the to law, labor, industries, and governing war export trade industries. On exports under of silver Govelnment and license. on Trade to therefor the had export been except, of silver acquired unless at the means official of payment rate of $4.03 (mean rate). Another Trade 15% steadily to order intended was to issued May 27 on reduce still further by the Board the volume of free of raw cotton, waste, linters and threads should be permitted after May 30 under license. The action was described as dictated centers which $0.1656 by the urgent necessity foreign exchange. time same the of conserving shipping cotton on and space of Trade producing areas while authorities were to grant permits to imposing licensing producing countries, was taken because foreign exchange difficulties arise in dealing with Allied It was also stated that the type of cotton produced in generally with the American staple. A Board of Trade spokesman said: "The program of future imports will be discussed with the United States areas does not compete authorities." At about the same time decrees were made effective as of June 17 whereby all machine tools purchased by Great Britain in the United States are to be handled in tiie same manner firms as^ planes requiring and such other tools war are no commodities. longer is represented in New York by the British Purchasing Com¬ Throughout the month it discount per annum. Al¬ maintained was evidenced in widen¬ pressure was forward deliveries. Since the extension the currencies of the Low Countries in this Details of during May view" of the gold were the movement outlined Federal at the Port follows as Reserve of New York in the "Monthly Bank New of York Re¬ for "Imports of gold into the United States during May were considerably heavier than in the previous month, and ap¬ parently in about the year of about and the United was evident that the on States during the month amounted to $440,000,000, the largest monthly gain for the The amount of gold held war under earmark for for¬ eign account at the Federal Reserve Bank of New York in¬ creased about to $40,000,000, and at the end of May amounted approximately $1,275,000,000. "Gold imports into the United weeks States during the four ended May 22, as reported by the Department of Commerce, totaled $390,200,000, of which $238,000,000 came from Canada, $44,300,000 from the United Kingdom, $35,200,000 from the Union of South Africa, $19,300,000 from Switzerland, $9,900,000 from Italy, $9,400,000 from the Neth¬ erlands, $5,300,000 from Australia, $4,700,000 from Japan, $4,500,(XX) from Sweden, $3,800,000 from Hongkong, $3,000,000 from Hungary, $2,400,000 from the Philippines, $2,100,000 from Colombia, $2,000,000 from Mexico, and $1,700,000 from British India." CONTINENTAL AND OTHER FOREIGN EXCHANGE The French 176.50-176.75 monetary franc francs and continued to British in this ratio. fluctuated with the commercial In the pegged pound, and alliance, of the war, New York to the pound at the Franco-British effective until six permitted no alteration free market the franc the pound but had little or no bearing on foreign exchange transactions. On several occasions dur¬ the British financial structure is reflected ing the month, owing to the German pressure on the Chan¬ nel ports, the franc in the free market moved above the of the the Bank's final statement for Bank of England. In May circulation had reached £556,864,000, the highest level in the Bank's history, and compares with the previous record high of £554,615,983 on 1939. commenting Federal on the foreign exchange situation during Reserve Bank "Monthly Review" for June 1: large volume as in March of 1939. The increase in the gold same December, was in the expanding circulation the on months after the close import balance, despite all efforts to increase exports, steadily increasing to unfavorable proportions. In forward 20%% to mission. The strain three-month market." British permitted directly with American manufacturers but must buy only through the agency of the British Supply Board, which May $0.5309, increased available for deal Dec. 27, May 9, and the on May 10 of the Executive Order, 'freezing' certain for¬ eign assets in this country, to cover Netherlands, Belgian, and Luxemburg assets, no current quotations have been other areas. those previously had been havens for refugee funds. though the spot quotation for the guilder period. Board pains to explain that their decision no nar¬ ' widened to the equivalent of about this "Allied" month, however, the discount 21%%. Hie belga rate declined from $0.1686 at the end of April to stock restrictions of the at a discount of "Prior to invasion of the Low Countries on May 10, Bel¬ gian and Dutch exchange had undergone severe pressure, largely as a result of continued flight of funds from those only at At the end United States dollar, weakened discount of 22%% on May 25. the maximum a rowed to about yarns, the market. June 1: exchange, requiring that all imports of At the free quoted at about $3.20. was against tobacco It of large withdrawals to the United The Board of Trade order, it is clear, was designed prevent the on stocks in the event States. about ing discounts was thought in informed quarters that the decision to make exports of silver bullion subject to license may have been designed to preserve Lon¬ don British exchange con¬ supply of sterling new reduce to offered in might be May the pound imposed a ban processed possible designed "Canadian exchange, after ending April at about May 18 the British Board of all on which of rumors Toward the end On financial mainly by the progress of military operations and by recur¬ called £2,667,000,000. Conservative and opinion criticized the extraordinary pro¬ British jected expenditures sent was of budget which had been introduced in April pound showed erratic fluctua¬ within a range of $3.11%-$3.28%. No general tendency apparent, day-to-day movements being influenced of New York said in its pound because of the difficulty in Paris of obtaining ster¬ ling, but the rates and transactions "were largely nominal. On May 20 a French decree was issued drastically affect¬ ing the dollar holdings of French nationals and foreigners living in France. The decree applied only to American and Canadian differing assets, (Continued in on this page respect 112) from < previous June, 17 MONTHLY REVIEW 1940] DAILY RATZS OF FOREfGW EXCHANGE Czecho¬ 1 France Switzerland Portugal Spain Italy Franc Franc Escudo Peseta Lira Checks 1 May 2— May 3.. 1.96%al.97% 4 1.96%al.97% May — May May May O3.40 — ,3534o3.40 .353403.40 ,35%a3.38 1.93 May 10.. 1.69 Hal. 89 % 1.70 May 11.. 1.78%al.84% 1.79 al.90 22.25a22.41 al.85 22.24a22.42 22.25 9.13a9.25 5.04%o5.04% 5.04%o5.05 9.13a9.25 5.04%o5.04% 5.04%a5.05 5.04%o5.04% 5.04 %a5.05 4 9.13a9.25 — SUNDAY — 9.13a9.25 — 9.13a9.25 5.04%o5.04% 5.04 %a5.05 5.04%a5.04% 5.04 %a5.05 5.04%o5.04% 5.04%o5.05 5.04%a5.04% 5.04%a5.05 5.04 05.04% 5.04%o5.05 34%a3.35 S.¬ 9.13a9.25 May 9 May 10.. 9.13a9.25 7 — 22 a.3.25 a3.21 21.91 1.77% al.82 34 21.90a22.34 al.87 May 15.. 1.79%al.86% 1.80 21.1234a21.89 21.13 a22.35 3 10 03.17 May 13.. May 14.. 21.10a21.59 21.11 021.60 3 19 03.26 21.18a21.42 21.19 021.43 3 21 o3.25 1.80%al.84% 22.15a22.42 22.16 a22.43 3 2234a3.25 9.1309.25 May 11 May 12.. 022.43 3 15 1.79 ol.87% 22.19 May 14.. 1.77%al.82 May 16.. 1.80 May 17 — 022.43 al.85% 1.80%al.86 al.86 1.81%al.85% 1.82 May 18.. 1.80%al.84 SUNDAY May 19.. 1.80 1.79%al.82 May 25.. 1.79%al.81% 1.80 — — — — 05.04% 5.04% 05.05 available 9.1309.25 5.04 05.04% 5.04%o5.05 May 16.. 9.1309.25 5.04% 05.04% 5.04%o5.05 May 17— 9.13a9.25 5.04% 05.04% 5.04 %a5.05 May 18 9.13a9.25 5.04 9.1309.25 5.04 a5.04% 5.04%a5.05 a5.04% 5.04%o5.05 — 05.04% 5.04%a5.05 SUNDAY 03.26 May 21— 9.1309.25 5.04 3, a3.30 May 22— 9.13a9.25 5.04 3, a3.28 May 23— 9.13a9.25 a5.04% 5.04%a5.05 5.03% 05.04% 5.03 %o5.05 a3.28 al.82 34 22.39022.42 34 22.3934022.43 3. 022.43 3.2534a2.28 al.81% 22.37 34a.42 34 22.38 May 24— 9.1309.25 5.04%a5.04% 5.04 %a5.05 May 25.. 9.1309.25 5.03% a5.04% 5.03%a5.05 9.13a9.25 5.04 May 26— SUNDAY 1.8034al.8134 22.39a22.42 34 22.3934a22.43 .24 03.28 May 27 1.7634al.7934 22.39a22.4234 22.3934a22.43 22.40O22.4234 22.40 34022.43 1.78%al.81% 1.7834ol.82 .23 03.31 May 28— 9.1309.25 5.04 05.04 % May 29 9.13a9.25 5.04 05.04% 5.04%a5.05 1.80%al.81 al.79 .2434a3.31 HOLIDAY May 30.. May 31 No rates 5.04 3. 3, SUNDAY May 28.." 1.76 May 29 a5.04% 5.04%o5.05 9.13a9.25 May 20.. — May 27 SUNDAY 5.04 available 03.29 — May 24 5.04%a5.04% 5.04 %a5.05 9.13a9.25 May 15.. - • No rates May 19— a22.43 22.40 34 a.42 34 22.41 al.86 May 20.. 1.81%al.85% 1.82 a22.43 1.76 3401.8634 22.30a22.4234 22.31 May 21 1.76%al.86 a22.43 22.36 34 a.42 34 22.37 al .81 May 22.. 1.75%al.80% 1.76 al.82 May 23.. 1.76 1.7634al.8234 22.39a22.4234 22.3934a22.43 May 26 9.13a9.25 — O21.90 3 1334o3.22 5.04%a5.04% 5.04%a5.05 S.¬ 6 a22.42 22.20 May 13— 1.78%al.87 Cables 9.13o9.25 1.. May May SUNDAY May 12.. Cables 2— ,32%a3.35 233403.25 22.25 34a22.42 Koruna Checks 3.. May May May May SUNDAY 22.41a22.42 34 22.4134022.43 al.96% 1.93%al.97 7— 1.90%al.93% 1.91 al.94% 22.41a22.42 34 22.4134 o22.43 8— 1.87 al.90% 1.98%al.91% 22.41a22.4234 22.4134a22.43 9 1.88%al.90% 1.88%al.90% 22.41a22.4234 22.4134a22.43 May May May 03.41 .37 1.96%al.97% 22.4134a.42 34 22.42a22.43 5.. 6 .38 Cables Checks .36%a3.40 1.97%ol.98% 1.97%al.98% 22.41022.42,34 22.4134a22.43 1.97%al.98% 1.97%al.98% 22.41a22.4234 22.4134022.43 22.41a22.4234 22.4134022.43 1.96%al.98 — May May Cables Cables Checks Cables slovakia 1.80 — — 03.33 5.04%a5.05 HOLIDAY May 30.. al.83% 1.80%al.8334 22.39a22.42 34 22.39 34a22.43 3.26 05.04% 5.04% 05.05 9.13o9.25 May 31.. 5.03 %a5.04% 5.03 %o5.05 Germany Belgium Hungary Rumania Bulgaria Yugoslavia Greece Helchsmark Belga Pengo Leu Lev Dinar Drachma Cables C 'bles Checks May 1 May" May 3.. May 4_. 40. I_l_%.a40.251i 40.1134o40.25 16.8134016.84 16.82 — May 6 40.1134040.25 16.79al6.83 40.1134040.25 16.79al6.81 May 7 May 8 — 9.. May 10.. . May 11 — May 12 May 13.. No rates .50a.52 1.00 2.25%o2.38 .65 17.58 34al7.75 3-. .50a.52 1.00 2.24%o2.38 .65% a.68% .66 a.69 16.7934al6.82 17.5834017.75 May May .500.52 1.00 2.25 %o2.38 •65%o.68% .66 a.69 May 5— 17.58 34al7.75 May 6.. .50a.52 1.00 2.25%o2.38 .64% 0.68% ,64%a.69 16.79 34a.83 34 May 14.. available 17.5834al7.75 40.04 34040.25 May 15— — SUNDAY' 7— .500.52 1.00 .65%a.69 .500.52 1.00 2.25%a2.38 2.25%o2.38 .64% a.68% 8-. .64% 0.66% .64%a.67 May 9.. .SOa.52 1.00 2.25%o2.38 .64%a.66% .64%a.67 — .50o.52, 1.00 2.25%a2.40 .64%a.65% .64% a. 66 — .500.52 ' 1.00 2.25% 02.40 .63% a.64% .63%a.65 .61 a.64% .61%a.65 .61 a.64% .61 %a.65 May 10 May 11 May 13 SUNDAY 1.00 •50a.52 — 2.24 %o2.38 May 14.. .500.52 1.00 2.24%o2.40 17.5834al7.75 May 15.. .500.52 1.00 2.24 %o2.40 .61%a.64% 17.58 34al7.75 May 16 — .50a. 52 1.00 2.24%a2.35 .61% a.64% .62 — .50o.52 1.00 2.24 %a2.40 .62%a.64% .62%a.65 — .500.52 1.00 2.24 %a2.40 .61% a.64% .62 No rates No rates available available 17.58 34al7.75 May 17 17.58 017.75 May 18 040.25 SUNDAY May 19— .65% a.69 May 040.25 39.96 May 18— — a.68% .May 39.95 34o40.25 — May 17 4 50a. 52— — 17.58 34al7.75 40.04 34040.25 40.03 1 May 12.. 40.05 34a40.25 May 16 Cables — SUNDAY — Checks -2-25 %02T88- —6 5—«t68-%— --^65%^b09 2 40.11 34040.25 16.7134al6.75 16.72ol6.7534 17.58 34ol7.75 40.11 34040.25 16.66ol6.70 16.6634O.7034 17.58 34al7.75 17.58 34al7.75 40.1134O40.25 16.52 34016.57 16.53al6.58 17.58 40.06 34040.25 017.75 17.58 34o.17.75 40.06 34O40.2 5 — May C.bles 1.00 May 40.11 34040.25 16.74 34ol6.78 16.75al6.79 — • fij.17L58-3iolZ.75- -May ol6.85 17.58 34017.75 SUNDAY 5- May C bles Cables Checks Cables 2.. .61 %o.65 a.65 o.65 SUNDAY' May 19— May 20— 39.98 34040.25 17.58 017.75 May 20.. .500.52 1.00 2.24 %o2.38 .61 %a.64% •61% May 21.. 39.98 34o40.25 17.58 ol7.75 May 21.. .500.52 1.00 2.24%a2.40 .61 % a.64% .61%a.65 May 22.. 39.96 040.25 17.58 017.75 May 22 — .500.52 1.00 2.24%o2.35 .61 a.64% .61%a.65 a.64% May 23— 39.96 040.25 17.58 ol7.75 May 23— .500.52 1.00 2 24%a2.38 .61 May 24 39.96 040.25 17.58 ol7.75 May 24 .500.52 1.00 2.24%o2.38 .60% a.64% .60% a.65 39.90 34o40.00 17.58 017.75 May 25.. .50a.52 1.00 2.24%o2.38 •60%o.64% .61 %a.65 — May 25 — May 26 SUNDAY — — .61 }^a.65 SUNDAY May 26— May 27- 39.94o40.05 17.58ol7.75 May 27.. •50a.52 1.00 2.24%fl2.38 .60% a.64% May 28— 39.94040.12 17.58ol7.75 May 28 .500.52 1.00 2.24 %o2.38 .60% a.64% .60% a.65 May 29.. 39.94o40.05 17.5934ol7.75 May 29.. .50a.52 1.00 2.24,%o2.38 .60%a.64% .60% a.65 .500.52 1.00 2.24%fl2'.38 .59% a. 64% .59%a.65 HOLIDAY May 30.. May 30 39.95040.12 May 31- 17.59 34al7.75 — Denmark Poland Canada Argentina Guilder Krone Zloty Dollar Peso Cables Checks Checks Cables , Checks Cables May 1 — 53.0So53.0934 53.08 34053.10 May I.. 15% 015% 2 3 — 53 .OSo53.10 May 2 15% ol5% — 53.07 34o.09 34 53.08053.10 May 3 15% al5% % disct. disct. disct. 15% ol5% % May May 8— 53.07053.09 53.07 34a.09 34 May 9.. 53.07053.09 53.07 34053.10 May May SUNDAY May « - - 29.77 56.98a58.00 No rates 29.77 56.98a58.00 available 29.77 56.98a58.00 29.77 56.98o58.00 16% al5% % 17'n al6% % 7 8. 17% al6%% 17% al6% % 9 May — May 12 — SUNDAY — No rates No rates No rates available available available Mau 11. Cables SUNDAY « v « — «. 29.77 disct. disct. disct. disct. 56.98o58.00 56.98a58.00 29.77 available disct. 17% al7% % No rates 56.98a58.00 29.77 29.77 disct. 18% al8% % May 10 JL May 11 . 56.98a58.00 29.77 26.98a58.00 29.77 56.98a58.00 29.77 56.98a58.00 SUNDAY' May 12 18% al7%% 18% al8% May 13 disct. disct. 29.77 56.98o58.00 18% al8% disct. No rates 29.77 56.98a58.00 19% ol8%% disct. abailable 29.77 May 17 1913igal8%% disct. 29.77 56.92o58.00 May 18 May 15.. 20% al9%% disct. 29.77 56.92a58.00/ May 14 May 15 May 16 — No rates No rates May 17 — available available May 16.. May 18.. SUNDAY May 19__ May 20. • 6 May May 10— May 14.. 5. May — May 13 4. May — Peso Cables disct. 43.07 34o.0934 53.08o53.10 4 5.. 6.. 53.07 34a53.09 53,08o53.09 34 53.07 340.0934 53.08053.10 7 May May Colombia Checks May 53.08 34o.10 34 a.65 HOLIDAY — May 31.. Netherlands May .61 «. - -- SUNDAY May 19 May 20 21 May 21.. May 21 22 May 22 May 22 22 i — 56.98o58.00 a20%% a20%% a21% % 29.77 disct. No rates available 57.14a58.00 29.77 disct. disct. 57.14o58.00 29.77 57.14a58.00 May 23.. May 23 22 May 24.. 22 a21%% a21% % disct. May 24- disct. 29.77 57.14a58.00 May 25.. May 25 22%a21%% disct. 29.77 57.10%a58.00 disct. 29.77 SUNDAY- May 26— May 27 May 28— 21% a20 % % 217ig a20 % % May 29— May 29 21% o21% % disct. disct. ■21% a21% % disct. May 27 HOLIDAY May 30— May 31 May 31.. No rates 29.77 57.10%a58.00 57.10% a58.00 available 29.77 57.21 O58.00 29.77 57.23 O58.00 HOLIDAY May 30 — 57.14o58.00 SUNDAY May 26 May 28— — 29.77 No rates Sweden Norway Finland Brazil Chile Bolivia Krona Krone Markka Milrels Peso Boliviano Sucre C ibles Checks Checks Cables Checks Checks Cables Cables Checks Cables Ecuador 23.78o23.S3 23.78 34a23.84 al.96 May 1 2. 23.800.23.84 23.81a23.85 1.77 al.96 5.1605.17 3.00 6.75 1.77 al.96 2.. 3.. 05.15 23.8034a23.84 23.81a23.85 May May 5.03 3. 5.03 05.15 5.16o5.17 3.00 6.75 4. 23.8034023.84 23.81a23.85 1.77 al.96 May 4__ 5.03 05.15 5.16o5.17 3.00 6.75 1. 1.77 SUNDAY' 5.. 5.03 — 05.15 5.16o5.17 3.00 6.75 SUNDAY May 5.. 6. 23.81023.84 1.80 a2.00 May 6— 5.03 05.15 5.16o5.17 3.00 6.75 7.. 23.80 34023.84 23.81a23.85 1.85 O2.00 May 7— 5.03 05.15 5.1605.17 3.00 6.75 8.. 23.8134023.84 23.82023.85 1.80 a2.00 May 8.. 5.05 a5.15 5.16o5.17 3.00 6.75 9.. 23.8134023.85 23.82a23.86 23.8134023.86 23.82o23.87 23.83 34023.87 23.83a23.86 1.87 3402.04 May 9— 5.05 05.15 5.16o5.17 10.. 11.. 23.8134023.85 3.00 6.75 1.92 02.04 May 10— 5.02%a5.15 5.17 3.00 6.75 1.92 02.04 May 11— 5.02%a5.15 5.17 3.00 6.75 SUNDAY SUNDAY May 12— 23.8134023.86 23.82o23.87 No rates No rates 1.92 02.04 May 13- No rates 5.02%o5.15 5.17 3.00 6.75 23.69023.86 available available 1.92 02.05 May 14— available 5.02%a5.15 5.17 3.00 6.75 1.90 02.04 May 15— 5.02 %a5.15 5.17 3.00 5.70 1.92 O2.04 May 16.. 5.02 %a5.15 5.17 8.00 5.70 1.98 02.04 May 17— 5.00 a5.15 5.17 3.00 5.70 1.97 34o2.04 May 18— 5.00 05.15 5.17 3.00 5.70 23.68a23.85 23.73 34o23.86 23.74023.87 23.70 34 o23.81 23.71o23.82 23.80a23.84 23.80 34a23.85 23.8134a23.85 23.82a23.86 SUNDAY 23.78 34a23.85 23.79a23.86 23.75 34a23.86 23.75023.85 23.78a23.85 23.77023.84 5.17 5.17 3.00 5.70 02.04 May 22 5.00 05.15 5.17 3.00 5.70 02.04 May 23— 5.00 05.15 5.17 3.00 5.70 1.92 23.73 34023.86 o5.15 a5.15 a2.05 1.92 23.72a23.86 23.73o23.85 5.00 5.00 1.92 23.77 34023.85 May 20— May 21.. 1.92 23.78 34o23.86 23.71023.85 O2.05 SUNDAY — May 24— 5.00 a5.15 May 25- 5.00 05.15 May 26 23.76a23.84 23.76 34o23.85 1.97 34o2.05 May 27.. 23.78 34a23.86 1.9834a2.04 5.17 3.00 5.70 5.17 3.00 5.70 5.03 a5.15 5.17 3.00 5.70 May 28— 5.03 a5.15 5.17 3.00 5.70 May 29— 5.03 05.15 5.17 3.00 5.70 1.92 May 31.. 3.00 5.70 HOLIDAY 5.70 1.97 34a2.04 23.8134o23.85 23.82023.86 23.71a23.87 3.00 SUNDAY — 23.78023.85 23.70023.86 SUNDAY May 19.. 1.973402.05 1.9734a2.05 HOLIDAY May 30— O2.04 5.02 %a5.15 5.17 ■ MONTHLY KEVIEW 18 DAILY RATES OF FOREIGN EXCHANGE (Concluded) Straits Uruguay Venezuela Peru Japan Hongkong Shanghai Philippine Islands Settlements India Java Peso Bolivar Sol Yen Dollar Yuan Dollar Peso Dollar Rupee Guilder Cables Cables Cables nobles Cables Cables Cables Cables Cables May 1— 65.83 28.70a29.50 17.00atl7.25 23.44a23.50 21.63a21.75 May 5.91 a6.05 49.80a49lsu 2— 65.83 28.70o29.50 17.00al7.25 23.44a23.50 21.62a21.75 May 4.79 a5.25 49.80a4913i6 17HO30.35 16Ha30.35 17.00al7.25 23.44a23.50 21.50a21.60 May 4.38 a4.75 49.80a4913u 47.13^047.62 47.13Ha47.62 47.13 H 047.62 53.60 May ,17 a30.35 53.60 17.00al7.25 23.44a23.50 21.53a21.59 May 4.38Ha4.75 49.80a4913i« 47.13H047.62 .16 a30.35 53.60 47.11Ha47.62 47.11Ha47.62 47.11Ha47.62 47.11 Ha47.62 47.11Ha47.62 47.llHa47.62 ,15Ha30.35 ,15Ha30.35 53.60 May 3.. 65.83 28.70a29.50 May 4— 65.83 28.70a29.50 SUNDAY Cables SUNDAY May May 5.. May 6- 65.83 28.70a29.50 17.00al7.25 23.44a23.50 21.25a21.39 May 7-. 65.83 28.70a29.50 17.00al7.25 23.44a23.50 21.92a21.00 23.44a23.50 May May 4.64 a5.00 49.80a49 "n 4.53 a4.88 20.60a20.75 a5.00 49.80a4913i« 49.80a4913i8 8- 65.83 28.70a29.50 17.00al7.25 May 4.56 9_. May May 10— 65.83 28.70a29.50 17.00al7.25 23.44a23.50 20.65a20.85 May 4.71 a5.00 49.80o4913i# 65.83 28.70a29.50 17 00al7.25 23.42a23.50 19.42al9.65 May 10 4.51 a4.80 49.80a49 "n May 11— May 12— 65.83 28.70a29.50 17.00al7.25 23.44a23.50 19.99a20.40 May 11 May 13— 65.83 28.50a29.00 17.00al7.25 23.44a23.50 May 14— 65.83 28.25029.50 17.00al7.25 May 15— 65.83 28.38a29.00 16.50al7.25 May 16— 65.83 28.38a29.00 May 17— May 18— 65.83 28.40a29.00 May 4.66 a5.00 49.80a4913xe 19.70al9.81 May 13 4.66 a4.85 49.80a4913n 23.44a23.50 19.69al9.95 May 14 4.82 a5.00 49.80o4913ib 23.44a23.50 20.09a20.15 May 15 5.27 a5.37 16.25al6.50 23.44a23.50 19.95o20.25 May 16 5.23 16.25al6.50 23.44a23.50 20.00a20.12 May 17 5.33 May 12 65.83 28.40a29.00 16.25al6.50 23.44a23.50 19.90a20.05 16.25al6.50 23.44a23.50 20.16a20.35 SUNDAY May 19— May 18 a30.35 53.59 .17 a30.35 53.58 .14 a30.35 ,13Ha30.35 5.42 ,09 H O30.35 49.80a4913ie 47.llHa47.62 47.llHa47.62 47.llHa47.62 a5.37 49.80o4913I« 47.llHa47.62 .12 a30.35 a5.56 49.80a4913is 47.llHo47.62 .09 a30.35 a5.60 49.80a4913j6 47.llHo47.62 ,11 a30.30 47.llHo47.62 30 .07 47.llHo47.62 30 .07 a30.30 13Ha30.35 .13 a30.35 SUNDAY May 19 May 20— 65.83 May 20 5.66 o5.95 49.80a4913n May 21— 65.83 29.00a29.50 16.25al6.50 23.44a23.50 19.78al9.90 May 21 5.42^a5.70 49.80a4913i6 May 22— May 23— 65.83 29.00a29.25 16.25al6.50 23.44a23.50 20.06a20.20 May 22 5.53 a5.54 49.80a4913i# 65.83 29.00 16.25al6.50 23.44a23.50 19.97a20.00 May 23 5.42 a5.62 49.80a4913i« May 24— 65.83 29.00 16.10al6.50 23.44a23.50 19.95a20.12 May 24 5.403^a5.62 49.80a4913i® May 25— May 26— 65.83 29.00 16.10al6.25 23.44a23.50 19.87a20.00 May 25 5.47 a5.62 49.80a4913u 47.llHa47.62 47.llHa47.62 47.llHa47.62 47.llHa47.62 May 27— 65.83 29.00 16.10al6.50 23.44a23.50 19.83 Ha20.00 May 27 47.llHa47.62 10a30.30 May 28— 65.83 29.00 16.00al6.25 23.44a23.50 19.50 al9.90 May 28 5.40^a5.62 5.333^a5.56 49.80a4913i« 49.80a4913n May 29— 29.00 16.00al6.25 23.44a23.50 19.72 al9.95 May 29 5.36 a5.62 4913i8a49.85 47.llHa47.62 47.llHo47.62 09a30.30 65.83 65.83 29.00 23.44a23.50 19.83 H«20.20 5.37 a5.63 4913i«o49.85 47.llHo47.62 30.10a30.30 HOLIDAY May 30— May 31— 15.75al6.25 a30.30 30 .08 a30.30 30 .08 a30.30 30 .07 a30.30 3O.l0Ha3O.3O SUNDAY May 26 10O30.30 HOLIDAY May 30 No rates available 28.40a29.00 SUNDAY 53.60 ,17 SUNDAY , SUNDAY 53.60 New York Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF BOND PRICES DURING MAY 1940 741,761,000 Jan. 1 to May 31 NOTICE—Cash and deferred delivery sales are disregarded In outside of the regular monthly range are shown In a footnote in range May. $123,104,000 710,025,000 $176,105,000 .... . Jan. 1 to 1939 1940 Stock Sales 1939 1940 Bond Sales May Shares_ May 31 12,935,210 96,800,295 38,964,712 111,392,190 tne monm's range unless they are the only transactions of the month, the month in which they occur. No account is taken of such sales and when selling in computing the for the year. The tables on pages 19 to 40 furnish a complete record of the transactions on the New York Stock Exchange during May 1940, and the range for 1940. They need no extended introduction, as they, are self-explanatory. The tables embrace every security dealt in on the Exchange. We give bonds first, using the classification adopted in the official list. The italic letters in the column headed "Interest Period" indicate in each case the month when the bonds mature. In accordance with the rule adopted by the New York Stock Exchange in 1909, all quotations for interest-paying bond® are and bonds on which price to which accrued interest must be added. The exceptions to the rule are income bonds This method of quoting bonds became effective Jan. 2, 1909. Quotations after or more 32ds of a point at a decimal point repre¬ Interest is in default. sent one Sales in 8*8 it BONDS May N. Y. Value 2, 1940 Bid RANGE SINCE JAN. PRICES IN MAY Price Jan. STOCK EXCHANGE Ask May Bid 1 Lowest May 31 Ask Bid Ask 1947-1952 276,000 Treasury 4Hs Registered 1,000 120.20 120.5 117.9 Sale 117.6 J D 119.31 Sale Il4T8 114*21 111.24 Sale 111.21 114.12 114.16 161.22 Sale ..1944-1954 378,000 Treasury 4s 114.28 Sale 111.21 114.25 Sale Registered.... 1,000 196,000 Treasury 3Hs 1946-1956 M 1940-1943 J S 114.22 114.28 Registered 37,000 ^Treasury 3 Registered 5,000 116,000 Treasury 3H8 ... 1941-1943 Registered....... 85.666 M D S 166718 100I23 May 13 101 May 7 101 May 14 103.12 101.9 101.12 104.21 Sale 103.6" 103.10 102.25 102.29 102.22 "4" D 109.20 110 109.3 109.7 107.16 Sale 107.16 F A 105.13 Sale 104.7 104.12 103.19 Sale 103.19 May 31 109.7 10 May 31 104 T3~ 1943-1945 A O 109.27 Sale 109.20 109.24 107.16 Sale 107.16 May 29 109.19 1944-1946 A O 110.12 Sale 110.17 Sale 1946-1949 J D 111.10 111.13 111.21111.24 108.26 Sale 1949-1952 J D 111.27 112.4 112.19 Sale 109.20 109.24 109.14 1946-1948 311,000 Treasury 3H8 J D 110.18 Sale 111.8 Sale 108.10 108.13 108.12 May 28 111.8 111.7 Sale 107.28 Sale 108.13 Sale Registered 544,000 Treasury 3H3 .... Registered. ... 17 121.4 Apr. 8 Apr. 4 May 111.20 May 29 115.3 May 28 115.9 Apr. 3 5 Jan. 30 114.8 Jan. 30 6 Sale 8 100.16 May 7 101 May 13 102.8 7 101.30 Jan. 7 Jan. 25 102.22 May 14 104.24 Jan. 5 May 6 107.16 May 31 109.30 Jan. 4 109.11 Apr. 4 2 103.19 May 10 109.21 31 105.17 Mar. May" Jan. 4 May 3 107.16 May 110.1 Jan. 4 Jan. 109.26 Jan. 109.30 Jan. 11 108.4 May 31 110.17 May 1 108.4 May 110.21 Apr. 25 May 25 108.12 May 25 108*12 May 110.14 Mar. 29 May 31 111.29 May 6 109.26 May 112.13 Apr. 111.8 Jan. 111.29 May 2 111.8 Jan. 111.29 Mar. 23 May 24 112.23 May 1 109.14 May 113.10 Apr. May 2 108.12 May 111.22 Apr. 2 110.17 Jan. 110.17 Jan. 25 May 1 May 22 May 2 May 8 May 3 107.25 111.30 Apr. 8 108 May May 111.1 Mar. 23 104.20 May 109.10 Apr. 105.7 May 108.16 Mar. 23 106.26 May 109.26 Apr. 2 108.30 Feb. 109.12 Mar. 8 May 1 105.24 May 109.19 Apr. 1 May 1 104.16 May 28 108.30 Apr. 4 107.24 Mar. Mar. 8 103.24 May 24 108.12 Apr. 107.14 May 2 107.28 May 28 108 Mar. 18 16 110.17 Jan. 107.25 25 108 May 24 111.7 May 22 108 104.20 May 28 108.20 105.7 May 29 108.10 106.26 May 31 109.18 108.30 Feb. 105.24 May 23 M S 110.10 Sale M S 107.30 Sale 1946-1947 M S 109.5 Sale 109.12 109.16 106.26 1948-1951 M 8 108.8 108.16 109 Sale 105.30 106.3 1951-1954 .... J Sale 161728 Sale 104.16 May 28 108.8 1956-1959 M 103.29 Sale 103.24 May 24 107.13 107.14 May 103.13 May 28 107.7 Registered Treasury 2Ha D 107.12 Sale 108.8 8 106.21 Sale 107.12 Sale Treasury 2 Ha 5,000 Registered 448,000 Treasury 2Hs Registered.... 641,000 Treasury 2 Ha 105.2 Sale ' Sale" 107.24 Registered 178",000 Mar 19 109""" 8 2 107.14 8 107.24 May May May 7 103.13 May 2 103.16 May 28 108.1 1958-1963 J D 108.20 Sale 107.7 Sale 103 "24 Sale 1960-1965 J D 106.13 106.20 107.6 Sale 103.22 Sale 103.16 May 28 107.8 107.29 Apr 107.29 Apr. 4 107.29 Apr. Apr. ...1945 Registered J D 108.23 108.28 108.26 109 I06"l6 106"22 106.20 May 22 10806 May" 10 106.20 May 22 109.13 Apr. S .... Treasury 2 Ha Registered 0 108.12 108.26 1955-1960 147,000 Treasury 2Hs Apr. May May May Apr. .1951-1955 236,000 Treasury 2Hs Registered 111.21 109.26 108.4 — 356;000 Treasury 3s. 2,000 Registered 855,000 Treasury 2 Ha 11,000 Registered 8 May May 28 115.6 ... Treasury 3s Registered Apr. 118.14 111.21 ............... - May 28 121.6 May May 29 — 205,000 Treasury 3Hs Registered 1,000 Sale Prices 117.6 114.8 111.21 J 109.11 May 8 May 17 30 1943-1947 ... Registered 101", 000 100.16 102.14 102.22 ... 65,000 Treasury 3Hs 357", 000 Jan. — ... Registered 239",000 May 28 114.28 118.14 114.24 1941 Treasury 3Hs Registered. 1,000 214,000 Treasury 3 Ha 111.20 118.14 119.29 Sale 28 17 28 29 120.29 101 O May May May May 114 3 A Highest Sale Prices Sale Prices Sale Prices U S GOVERMENT BONDS 1 Lowest Highest : 4 4 0 3 3 Apr. 2 2 4 5 107.18 107.24 108.20 Sale 105.19 105.25 105.13 May 24 108.25 May 2 105.13 May 24 108.31 Mar. 16 105.13 Sale 106.12 Sale 103 "8" Sale"" May 28 106.13 May 3 103.2 D May 28 107.2 Apr. 4 1950-1952 M S 566,000 Treasury 2 Ha 1951-1953 J D 120,000 Treasury 2s 1947 J D 242,000 Treasury 2s.........—.....1948-1950 J D 105.17 Sale 106.8 Sale 102.31 Sale 104.4 Sale 127400 Treasury 2 Ha 1948 M Registered 296",000 Treasury 2 Ha 313~66O Treasury 2 Ha 1949-1953 J 105.17 Registered 5,000 104.18 104.23 103.13 103.18 103.4 101.7 101.14 Sale 105.18 Sale 104.9 101.15 101.21 101.14 103.6 Sale M 8 108.11 108.16 3Ha 1944-1964 3s 1944-1949 M N J 1942-1947 J 108.8 Sale 3s 105.7 105.12 2 Ha 1942-1947 8 105.2 105.8 M 105.27 106.3 108.2 108.6 105.19 Sale Sale 104.16 104.20 103.26 Sale 103.16 104,10 104.13 103.8 108.3 Home Owners Mortgage Corp— 47,000 1944-1952 3s Series A 1 Q Ha series M NEW YORK 3,643,000 2,782,000 22,066 iGtd sink fund 6s May 24 107.3 Apr. 24 104.9 May May May 2 101.7 May 24 104.23 Apr. 1 103.2 May 21 105.30 Apr. 3 3 3 2 21 105.18 101.14 May 22 104.24 Apr. May 23 104.8 Mar. 15 105.30 May 23 108.13 May 7 105.30 May 23 108.24 Apr. 105.19 May 31 108.3 May 15 104.26 May 1 105.19 May 31 108.21 Apr. 103.16 May 7 103.16 Jan. 9 103.9 May 23 103.20 May 13 103.9 May 15 105.15 May 23 105.2 Jan. 24 105.4 May 31 107.29 May 1 105.4 May 31 108.12 Apr. 4 Feb. 23 107.17 Feb. 23 103.2 May 31 107.29 Sale 105.4 Sale 104.2 104.5 103.2 Sale 102.5 Sale 100.9 100.15 100.8 95 H 95 D 1947 F A 1948 A O 38,000 ^External s f 7s series B 1945 21,000 lExternal s f 7s series C 1945 44,000 iExternal s f 7s series D 1945 35,000 a7s 1st series .1957 10,000 a7s 2d series 1957 16,000 a7s 3d series 1957 76,000 Antwerp (Oity( extl loan 5s ..1958 Argentine Nation (Govt of)— 646,000 S f external 4Hs 1948 313,000 SinkiDg fund external 4Hs 1971 529,000 S f external conv loan 4s.Feb 1972 133,000 8 f external conv loan 4s__Apr 1972 5 103.4 101.14 107.24 108 D Akerahus (Kingd of Norway) 4§_1968 M S iAntioqula (Dep tof) Col 7s A. .1945 J J For footnotet see page 30. Jan. 9 22 104.9 6 8 107.17 Feb. 2 103.2 May 31 104.25 Mar. 7 1 100.8 May 24 102.12 Apr. 5 23 I6IT5" May" May 24 102.10 May CITY Transit Unification Issue— 3% corp stock (plan B) w L.1980 J 3% corp stock (plan I) w i._1980 J iGtd sink fund 6s Jan. May 1 101.16 101.24 1942-1944 1945-1947 FOREIGN GOVT & MUNICIPALS Agricultural Mtge Bk (Colombia)— 19,000 7,000 105.17 24 106.15 May 23 104.17 104.22 M N Registered 2 Ha Series 23 May 23 101.14 101.14 17,000 174~66O 23 105.23 Jan. May May May May 107.17 103 68,000 63,000 201,000 103.2 102.31 103.6 Registered—... Federal Farm Mortgage Corp— 6,000 103.2 A O A O A O 3 D 27 H 27 30 25H 25H 13 13 135 66; 91H 90 H ----- 26% 22 24 40 15 7H MN 94 H Sale M N 88 Sale F A 80 H A O 79H Sale 81H 8H Sale 8H Sale Sale 9 Sale 70 7H 7H 10 96 H 89 H Sale 78 H Sale 74 Sale Sale 90H Sale 85 85 Sale Sale 88 H May 21 30 17 17 9H Sale 72 89 96 H May 27 7h 8 69 97 % May 89 31 7h 8 16 Sale May 21 88 H May 21 20 18 17 Sale Sale 20 37 M 94 14 14 14 14 Sale Sale 25 8 May 27 May 14 Apr. May May May May May May May 18H May 7% 7% 7h 7H 7Vs 7% 24 26 May 13 May 2 23 22 24 22 31 27 28 29 22 11H 11M 11H 10 % 9% 9h 9h May 27 May 14 28 % Feb. 29 Feb. 66 23 22 24 24 31 27 28 29 70 May 75 % May 68% May 69 H May 15 16 16 16 87 May 15 75 H May 16 96 H May 90 H May 68% May 16 69 H May 16 85 85 8 May May May May May May May May May May 7% 7 H 7% 7H 7% 7% 18 H 1 2 1 1 97 % May 96 % May Apr. May May May May May May May May 24 40 10 May 21 87 10 16 15 Mar. 13 15% Feb. 15 16 Feb. 15 15% Feb. 14 Feb. 14 Feb. 1 Feb. 15 Feb. 15 Apr. 4 96% Mar. 6 95 Mar. 87% Mar. 7 87 H Mar. 7 7 20 N. Y. STOCK EXCHANGE—BONDS Sales in 11 BONDS May Value N. Y. STOCK PRICES IN Price Jan. 2, 1940 "S* EXCHANGE May Bid Ask Bid $ foreign govt (Continued) — J 87 Sale 63% 481,000 Australia 5s of 1925—July 15 1955 J M S 64 343,000 83% Sale External loan 5s of 1927 Mn 60% 75 277,000 79 External g 4%s of 1928 8 7 8 60,000 ^Austrian Govt s f 7s ------1957 j J 12 11M ABavaria (Free State) ext 6%s__1945 F A M S 100 90 Sale 321", 666 Belgium 25-yr external 6%s 1949 88% 175,000 94% Sale External s f 6s 1955 J J 161,000 102% 103% 100 External s f 7s 1955 13 11 22 4,000 iBenin (Germany) s f 6%s 1950 12% 22 13% iExternal sinking fund 6s 1958 18% 17 M Sale 372",000 iBrazil (U S of) external 8s 1941 15 13 M Sale 432,000 AExtl s f g 6 %s of 1926 1957 14% 14 % Sale 271,000 AExtls f 6%sof 1927 1957 14% 13 Sale 235,000 ACent Ry 30-year g 7s --1952 57 75 37,000 Brisbane (City) s f 5s 90 1957 M S 56 Sale 50,000 Sinking fund gold 5s 1958 F A 75 Sale 87 26,000 20-year s f 6s__ 1950 J D 7 28,000 ABudapest (Cityof) 6s_._9% ""6% 1962 J D Buenos Aires (Province of)— 74 63 AOs stamped 1961 M S 59 344,000 Readjustment 4%-4%s 1977 M S 57 M Sale 59 F A 137,000 56% 58 Refunding s f 4%-4%s 1976 59% 98,000 56% 58 M Extl readjust 4%s-4%s 1976 A O 61% 111,000 Extlsf 4%-4% $ bonds 1975 M N 56 M Sale 41% 26,000 3 %s external s f $ bonds 1984 J J 38M 40 Bulgaria (Kingdom of)— 5% 20,000 11% 14 M a Secured s f 7s 1967 J J 6 6,000 ^Stabilization loan 7%s 1968 MN 11M 20 854,000 Canada (Dominion) gold4s..---I960 1,222,000 30-year gold 5s 1952 396,000 lC-year 2%s Aug 15 1945 331,000 2.5-year 3 34 s 1961 178,000 7-year 2 — 1944 453,000 30-year 3s 1967 209,000 30-year 3s 1968 ACarlsbad (City) s f 8s__. 1954 ACent Agric Bank (Ger) 7s_.—1950 4,000AFarm Loan s f 6s —1960 a o MN F A J J J J J J MJV J 101% Sale 106% 96% 93% 96% 88% 88% Sale 96% Sale Sale 89 Sale J M S J J 15% "l5"" AFarm loan s f 6s.. _ - . ... - on...-I960 7s_ 1942 7,000 AChile Republic ext s f g 62,000 • a7s assented. 1942 AExternal sinking fund g 6s.--I960 158,000 A6sassented ...-I960 19,000 AExternal s f gold 6s_.—Feb 1961 _ 24,990 122,090 34,00o 129,000 7,000 45,000 4,060 30,000 19,600 MN O 17 A O 13% 16% Sale A 13 Sale 16% Sale Jan 1961 J AExtl s f 6s int ctfs_ —-Sept 1961 M 5 a6s assented Sept 1961 M S AExt sinking fund 6s 1962 M S a6s assented 1962 M S AExternal sinking fund 6s 1963 MN ** a6s assented.. -1963IM N 13 s f g 6s J a6s assented D 1961 a6%s assented AGuaranteed s f gold 6s ACologne (Germany) s f 6%s—1950 M S Colombia (Republic of)— a6s of 1928i Oct 1961 A a6s of 1927 --Jan 1961 J AColombia Mtge Bank 6%s 1947 A ASinking fund 7s of 1926 1946 MJV ASinking fund 7s of 1927--—1947 F A Copenhagen external 5s—; 1952 J D MN Gold 4%s - —1953 §ACordoba (City) 7s stamped —1957 F A J Cordoba (Prov) Argentina 7s—1942 J _ 2,000 54,000 32,000 ACosta Rica (Rep of) 7s 27,000 Cuba Rep of) 5s of 1904 5s ext debt Ser A of 1914 14",000 512,000 22,000 36,000 2,000 283",006 107,000 279,000 -.1951 —1944 1949 4%s external loan 1949 4%s external debt 1977 30-year s f 5%s _._1953 APublic Works 5%s__June 30 1945 ACzechoslovak (Rep of) extl 8s__1951 3,000 30,000 33.000 4,000 1,000 22,000 MN M S F A a7s part paid....—as f secured 6s a6s part paid Haiti (Rep of) 6s series all am burg (State) 6s Sale 38 Sale 37 Sale 90% May 17 88% May 6 May 17 100% May 14 May May 3 1 3 35 1 "12" Sale Sale 13% 9% 9% Sale 58 35 42 60 36% 69% 42 Sale 43 Sale 5% 7% 60 80 Sale 13% May 32 9% May 28 9%' May 22 10% May 28 38 Mya 24 37 May 28 42 May 29 5% May 27 13 Jan. Sale Prices 29 31 Jan. 15 90% Jan. 24 28 84 Jan. 24 13 10 Mar. 18 59% May 60 May 60 May 62 May 43 % May 91 30 14 Apr. 2 16 102% Mar. 19 17 100% Apr. 5 17 108 Mar. 19 19 14 Jan. 20 12% Apr. 23 23 % Mar. 9% May 28 18% Mar. 9% May 22 18% Mar. 10% May 28 18% Jan. 38 May 24 79 Jan. 37 May 28 78 Jan. 42 May 29 87% Feb. 5% May 27, 10% Mar. Sale Sale Sale 53 Sale 44 36 Sale 11 9 Sale 12% 8% 51 51 52% May 23 36 May 31 8 May 28 9% May 21 10 Sale p 69 Sale 83%' Sale 74 Sale 61 59 Siile 59% Sale 79% 58% 59.% 78 May May May May May May May 28 31 31 28 28 31 31 48 8 2 7 8 May 15 May 24' 48% May 25 52% May 23 36 May 31 48 10 May 13 11% May 13 94% May 101 % May 92% May 85% May 92% May 81% May 81% May 8 May 28 9% May 21 69 83% 74 61 79% 58% 59% 7 6 15% 15 16 10 May 29 15 11 May l5 14 20 13% ally 16 15% 14% Sale 17 15% 14% Sale 15% 14% Sale 15% Sale 14% J.1X8 1 14% 15% % 12% 11% 13% 14% 11% 13% 11% 12% 11% 12% 11% 14% May May May May May May May May 22 28 23 28 28 28 27 27 10 23 24 23 13 13% 12% 11 12% 12% 11 12% 11% 12% .. Sale 14 Sale 13 11 14% 15% 14% ~M% 18 15% 14% 14% 15 14% 1'3% Sale 15 14% 13 13% 15 14% 11 14% 13 13 Sale 16% Sale 13% 16% it* 11* if* Sale 14% "26"" 12 13 Sale Sale a17,y» 17 9% 15 7 13 12% • _ 11 12% 12% 15 11 12 11 10% 12 11 14% 10% 12 10% 12 Sale 11 15 Sale 10% 15% 10% 13% 14% 13% 17% 11% 6% "i2M 15% May II" May 6 15 12 _ 11% 10% 3 10% ;• _ May 12 May 13% May 12 May 13% May 12 May 13 May 11 May 12 May 11% May 13 % May 11% May 12 May 10% May 17% May 10% May 6% May 15% May 8 8 25 30 24 13 18 66 Feb. 15% 14% 15% 14% 15% 14% 14% 14% 13% May May May May May May May Jan. 10 15 31 Apr. 11 28 31 89 31 May May 24 88% Jan. 28 8 29 29 13% May o 21 22 12 10 21 18 23 16 9 10 Jan. 16% 15% 15 16% 17 25 Mar. 29 Mar. 18 Apr. 20 Apr. 4 Jan. 2 May 28 14% Apr. 27 Jan. 19 17 May May May May May 14 % Mar. 9 28, 17 2 28 27 27 14% Mar. Jan. 29 28' Feb. 1 9 13% Feb. 12 May 23 13% Jan. 19 Jan. 2 Jan. 17 , Jan. 9 10 14 % Mar. 16% Jan. 14% Apr. 9 9 22 14 17 Jan. 4 14% 16% 14% 16% 13 % Mar. Jan. Mar. Jan. May 9 8 9 11 3 21 23 2 3 Jan. 7 23 10 12 14 May 15% May May 1414 May 13% May 14 % May 13% May 14% May 13 % May 14% May 13 23 12 9 3 96% Jan. 93% Jan. 96% Jan. Mar. 15 Jan. 19 67% Mar. 14 45% Apr. 4 14 4 15% Jan. 10 May 29 12%.. Apr. 13 11 65% Feb. 17 63% Mar. 13 28 101% Jan. 31 107 Jan. May May May May May May May Mar. 13% 11% 13% 11% 12% 11% 12% 11% 13% 14% May 16 Jan. 12 Feb. 12% Feb. 17% May 21 May 3 6% May 16 12 11 8 80 50% 48% 48% Sale 42 May 42% May 36 May 6% Feb. 12% Jan. 35 May 36% May 35 May 11% Feb. 15 13 % May 22 18% May 15 May 14% May 14% May 57% May 57% May 54 May 6% May 48 May 15 48 May 24 48% May 25 11% Sale Sale Sale Sale Sale Sale 15 16 14 Sale 13 May 36 % May .... 16% 26% 26% 28 Sale ::::: 30 26% 44% 41% Sale 42% Sale 17% 28% 25% 25% 25% Sale 27 30 20 16 70 70% 19 17% 69% 75 Sale 72 82% 77 Sale 102% 75 13% Sale 47% Sale 21% Sale 70% 74 70% 74 A O A 1 72 71' 71 10 J 13 J M S MN 5 35% 31% 26% 74 75 65 73 —..-.j MS O 75 70% 70% 75 69"" 72 101 80 » - 75% 75% Sale Sale Sale Sale 67% 75 75 71 69 70 15 15 15% 17 13% 42 90 44 40 Sale 48 75 50 - d 96% j D 108" III" 115% 121"" 105% 109 ----- J d A O 8% 6 Sale 8 14% 7% Sale Sale 50 Sale 75 7% 75 110 108 Sale 18 Sale 11 Sale 7% a "6 1 29 29 13 10 May 13 May 13 May May 99 May 28 102% May 70 May 21 80% May 13% May 2 13% May 10 2 3 9 2 22% May 4 May 3 17% May 15 36 32 68 May 67 May 70% May 68 May 68 May 70 May 72 May 3 70% May 13 71% May 6 72 May 75% May 75 May 20 27 20 13 18 18 18 12% 23% 16% 18% 14% 84% 8% 7 24% 6% 6% 6% 6% 22% 91 70] 70] 53 79] 60] 15% 7 25 9 2 May 21 May 23 11% May 21 9 12% Feb. 11% May 23 12 May 29 10% May 29 14 Jan. 11 10% Jan. 6% Feb. 12% Apr. 3 5 10 6 8 5 13% Apr. 25 16 Jan. 5 14 Jan. 23 16 Jan. 4 13% Jan. 25 17% Apr. 1 13 Mar. 6% Apr. 14 Jan. May 29 May 27 26% May 22 16 90 9% 10% 30 8 17 20 21% 12% 52 Mar. 13 49 Mar. 13 5 72 Mar. 29 69% Jan. 18 85 Mar. 7 21 Apr. 6 13 May 99% May 102% Feb. 98 May 52 May 99 May 70 May 13% Feb. 13% Feb. 20 Apr. 18% Apr. 17% Apr. 68 102% Mar. 13 Apr. 5 101% Jan. 26 62 5 Apr. 103 % 104 Jan. 17 81% Apr. 22 13% Feb. 26 Feb. 73 26 Mar. 13 63% Mar. 13 55% Mar. 13 67 May 27 May 20 75% Apr. 75 Apr. 70 Jan. 75 18 68 13 1 Mar. 15 May 18 68 May 18 70 May 18 11% Jan. 3 75% Mar. 18 75% May 1 9 31 10% May 40 May 16 22 40 80 27 10 May 21 115% May 16 May 22 108% May 22 Mar. 23 13% Jan, 23 Feb. 23 53% Feb. Jan. 14 Mar. 13 13% Mar. 27 9% May 75 May 92 Apr. 105 May 106 75 105 Jan. Jan. 21% May 31 12% May 28 10% Jan. 6% Apr 10 May 24 15% May 2 10 May 24 15% May 12 12 11 16 15 22 27 22 16 May 9 21% May 1 13 May 2 82% May 1 10 May 1 10 May 22 70 May 1 12 May 11 21 Mar. 12 5% May 7 6 May 27 6% May 22 6% May 11 5% Feb. 18 92% Apr. 16 Apr. 19 109 Apr. 24 118 11% May 10 7 May 13 Sale 14% 7 10% — — 10 85 15 10 12 Sale 48 70 Sale 7% 28% 75 87 Sale 50 Sale 75 Sale Sale Sale 54% 44' 9 13 Jan. 60 8% Jan. 7% 21% 30 94% 105 27 23 8 19% May 22 10% May 21 9 8% 9 9% May 27 75 May 21 21 19% May 22 10% May 21 78% 7% 6% 6% 5% 8% May 17 May 15 4 Feb. 26% Feb. 27% Feb. Jan. 26} 21. 12] . May 31 May 28 2 15 17 21% Sale 13 13% 82% Sale 70 48 34% Mar. 34 11% May 15 6 May 10 10% Sale 14% 14% 10 40 15% May 50 May 50 May 9% May 99% May 15% May 22 15% May 22 20 May 28 22% May 18 22 May 27 16 Apr. 19 15% Apr. 15 25 Sale 24 20% 10% May 29 107 9 1968 FA 2 2 11 27 11% J D _ 12 19% 99% J - 74 Sale 11% 19% 101% 104 1964 MN 28% May May 25% May 24% May 22 May 24% May 22% May 65 May 80 May 29 5 73 71 MN 64 - 73% Sale" 71 - 97 24% O 20% Sale 22 O 30 25% 24% Sale 101% 80% 13% 13% Sale A 20 22 15% May 22 15% May 22 May 28 23% May 18 22 May 27 16% May 3 16% May 15 61 May 21 69% May 18 20 _ Sale A 18% Sale _ 11 13 18% 22% 14% May 29 16% 99% 98% z99% May 23 99% 102% 102% 100 99% 100% 98 May 23 100 56 61 Sale 52 60% May 22 60% 16% 25 100% 100% 103 58 M S 17% 20 13% 13% 67% ---1964 1952 30% 74 1946 a o AHeidelberg (City) extl s f 7 %s_.1950 j J Helsingfors (City) ext 6M8 1960 A O Hungarian Cons Municipal Loan— ASecured s f g 7 Ms J 13,000 1945 ASecured s f g 7s J Septl946 8,000 AHungarian Land Mtge 7 Ms A—1961 MN AS 17 Ms series B._ -.1961 MN "o", 060 1979 F A 31,000 Hungary 7Ms ext at 4M to 1960 MN 6,000 Irish Free State external 5s 1951 J D 775,000 Italy (Kingdom) extl a f 7s 1947 M S 24,000 Italian Cred Consortium 7s B J 460,000 Italian Public Utility a f g 7a—.1952 J 308,000 Japanese Govt extl a f 6Ms. 1954 F a Extl sinking fund 5Ms_ ..1965 MN 539,000 For footnotes see page 30, 35 Sale 13 57 100 1968 A c 99 ASink fund 8s series B—. ..1952 Denmark 20-yr external gold 6s_1942 External g 5Ms 1955 External g 4 Ms 1962 AGreek Govt secured 7s 16% 39% Sale Prices 64% May 3 May 1 61% May 1 9 May 28 64 % _ 35,000 Dominican Republic s f 5Ms 1942 1st ser 5MS °f 1926 6,000 1940 2d series sinking fund 5 Ms 9,000 1940 Customs Adm 5 Ms 2d series..1961 32,000 5 Ms 1st series 34,000 1969 27,000 5Ms 2d series 1969 ADresden (City) extl s f 7s 1945 El Salvador (Rep) 1st s f 8s A_—1948 ^Certificates of deposit 33,000 12,000 Estonia (Republic) 7s. 1967 5,000 Finland (Rep of) external 6s 1945 1,000 AFrankfort (City of) s f 6 Ms 1953 51,000 French Republic 7Ms stamped-.194l 7 M s unstamped ---1941 46" 000 External s f 7s stamped 1949 10,000 7s unstamped 1949 German Gov't International— A3 5-year 5 Ms stamped—-—1965 633,000 112,000 a5Ms unstamped —1965 A5Msstpd (Canadian holder). 1965 432",666 AGerman Republic 7s stamped. .1949 a7s unstamped 115,000 —1949 German Prov & Communal Bks— a(Con8 Agric L'n) 6Ms ser A.1958 5,090 13". 666 13% Sale A 5,000 -1961 52,000 a6s assented 1961 15,000 AGuaranteed sink fund 6s.__.1962 MN 50,000 15s assented 1962 MN 1,000 AChilean Munic Loan 7s 1960 M S 13,000 a7s assented -1960 M S 1,000 AChinese Hukuang Ry 5s 1951 J D 235,000 152,000 6,000 5,000 1,000 112,000 112,000 Sale F ARy ref extl Sale Sale 94% Sale 101% Sale 92% Sale 85% Sale 92% Sale 81% Sale 81% Sale 5% 15% 14% F Feb 1961 Jan 1961 a6s assented Sale 42% May 31 36 May 28 7 May 14 1 Highest 11 13 A 79,000 10,000 AChile Mtge Bank of gu s f 6 %s. 1957 J 71,066 A6%sassented 1957 J 13,000 iGuar s f gold 6%s .1961 82,660 17 MN May 29 42 Lowest Sale Prices Sale Prices Ask 14% 14 RANGE SINCE JAN. Highest 42% Sale 42% Sale 37% Sale 7% 9 Sale 15 9 a6s Apr 1937 coupon .4 5 k Bid Sale MAY Lowest May 31 11 32 12% 9 1960 -1960 -a""o f"T3% a6s Jan 1937 coupon on.... 2,000 1 5% 9 6% 7 .8 8 .—J. 20 75 40% Sale 65 42 Sale 32 87% Sale 62% Sale Sale 77% Sale 61% Sale May 21% May 7% May 79 May 9 May 10 .May 55 May 14 7% May 15 20% Mar. 16 21 % Apr. 24 16% Feb. 24 Feb. 20 90 Jan. 18 May 27 10 May 22 22% Jan. 19 11 Feb. 15 10 May 22 Apr. 2 79 7 5% May 7 May 27 6 7 6% May May May 38% May 43% May 32 May 76 May 57% May 20 71 9 15 22 15 23 27 28 13 6% May May May 53% May 54% May 47 ,May 89 May 65 May 25 80 9 9 8 9 3 2 3 2 Jan. 6 % May 20 Apr. May 38% May 43% May 32 May 76 May 57 Apr. 71 17 9 ,15 22 15 23 27 28 18 75 10% Mar. 18 9% Mar. 15 9 Apr. 18 9 Apr. 18 9 32% Apr. 72 Jan. Jan. 78% 54% 91% 65% 9 Mar. 3 Jan. Apr. 13 8 Apr 92 9 3 JI 'ales 27". 17, 31", 17, 39, 302", Jan. foreign gov't 78-1957 Leipzig (City) external s f g 7s--1947 Lower Austria (Prov) 7ks 1950 Medellin (Colombia) 6ks 1954 Aendoza (Prov) 4s readj 1954 Mexican Irrigation— A4ks stamped assented 1943 .Mexico (U S) extern 5s 1899 £-1945 lAssenting 5s of 1899 1945 iAssenting 4s of 1904 1954 a Assenting 4s of 1910 1945 * ATreas 6s of '13 assent 1933 Allan City (Italy) ext loan 6Ks_1952 Ainas Geraes (State of, Brazil)— A O F D J D D J 8 10k 15k 10 70 k 75 80 UN Q k Vs J n j j j A O ----- Vs ik Sale 1 k lk j k lk 52 k ASec extl a Sec extl s Montevideo 83", 37, 55, 41, 175, 159, 142, 5, 1, 272, 99, 31, 29, 6, 239, 69, —1958 1959 —1952 f 6ks f 6ks s Sale D f g 5s s --1957 1958 1, 11, 188, 86, 1, 66, 119, 38, 25, 17. 281, 6, 8, 35, 68, 131, 86, 197, A )slo M S MN (City) 4ks extl sink fund--1955 A O (Rep) external 5ks--1953 J D s r 5s ser A May 15 1963 MINI AStamped (assented) --1963 MN Panama AExtl Pernambuco (State of) 1947 1959 7s ANational loan ext 6s f 6s s - . D 458 23, 24, 137, 19, 24, 10, "5" 77, 21 34 k May 30 k May 1947 10 57 k 52 71 103 k 70 72 ----- ..... 10H .Rio de Janeiro A 1946 (City of) 8s A O 99 M F 90 M 12M 8% a8s extl loan of 1921 6 % 5 M 9k 9% 3 M 3 k 6M 14k 6 M 9 Vs Sale 6 9 Ys Sale .8. 7 M 8 10 M 8-k Sale 6M 3M 12 Sale 98 % 91 78 M 5 5% 5Vs 8 7 6 59 k May 49 H 20 55 k May 25 May 4 May 28 May 10 May 17 1 6k 7 13 13 M 12 66 k 46 9k 8k Sale 9 "6H "7Vs 5k Sale 7Vs 5 k 5k 5k 9k Sale 6 k 5k May May May May May May May May May May 22 20 18 3 22 22 29 11 24 28 May 68 May 10 3 k May 31 12 -May 1< 15 Sale 73 8 ■' 56H 66 .... 105 k May 5 k May 28 7 k May 20 5k May 22 5 k May 22 Ilk 12 13 M 13 M Sale Sale 9 k May 54 7 4 13 11 % 10 - 7 7 12 M —.... 7M Sale 1946 a6s extl 1968 sinking fund gold 1967 (City) external s f 6Ms--l952 (Kingdom of) 7s—1959 a7s Municipal loan AFebruary 1937 coupon (Xjity) •9 1966 MN .Roumania May 8 k May 9k May 9 k May 9 k May 8k May 5 May 12 k May 4 k May 7 k May 5k May 10 k May 8 k May 6 2 9 2 1 13 2 8 10 24 10 13 1 6 7 14 12k May 14 May 3 13 May 2 99k May 2 78 k May 1 15 .May 11 9k May 1 9 k May 2 13 s f J D 9M 9 O 60 Sale 41 F A 8 Sale 9 j"j 10 7H ,?M 11 10 Sale 14 9 A aid s—-1953 Sale 10 Sale 7% Sale 7% 9k 7% 8M 8M 22 35 k 7k 9 8 12k 64 1|M ----- May May May k May 28 29 29 7 15 33 May 25 7 k May 28 8 k May 13 5k 6 k 10 May 9 k May 9 May 9 k May 45 k May 8k May 24 8 k May 7 22 "77 u sale 1964 M S \H Sale ----- 7k 63 May 21 77 k May 1 (City of) a8s extl secured s a6ms extl secured 1952 MN 1957 MN f s f._ Sale 10 M 7k Sale 8k 12 M 954 5Vs ----- 4 H 5Vs 18 M 8 14 Vs 8 k May 15 5 k May 28 10 k May 10 8 k May 3 (State of)— 1936 1950 1956 1968 13 1940 7s .1945 ASinking fund gold 6Ms.Dec 1946 lerbs Croats & Slovenes (Kingdom)— 24 Sale 14 15 *a8s extl loan of 1921 a8s external — a7s extl water loan a6s extl dollar loan., ASec 8 f g 7s 8M Sale 7M 8M 7 k Sale a7s series B sec external .Silesia (Prov) extl sink fund 11M 1962 MN 11 D J 1958 5 12 1971 Fokyo City loan of 1912 5s 1952 External s f 5Ms guar 1961 lUruguay (Rep) external s f 8s.-1946 AExternal sinking fund 6s 1960 AExternal sinking fund 6s 1964 3k-4-4k% (S bonds of 1937) External readjustment—- -1979 3k-4-4k% ($ bonds of 1937) External conversion 1979 3M-4M-4'"% extl conv-- — -1978 4-4 M-4 Ms external readj 1978 3 Ms external readjustment—1984 Venetian Prov Mtge Bank 7s—1952 Vienna 1952 1958 1958 1961 (City of) 6s Warsaw (City) external 7s 16 12M 83 M 55 k 1955 s f g 5 Ms [aiwan Elec Pow 5Ms (City) M S AO 39 56 M Sale 9 H 9 6 22)^ Sale Sale 25 Sale 7 Sale 7 6 ----- 9 k 9 9k May 28 May 29 41 27 58 50 k May 26 May 53 May 58 k May 59 H Sale 52 62 % 62 MN Sale Sale 65 65 Ilk May 10 k May 1 6 9 k May 28 65 57 May May 13 22 23 16 May 1 39 k May 24 53 k May 40 3 37 k May 60 May 58 k May 62 May 53 May 50 k May 53 k May 62 62 MN 43 k 44 H 53 H Sale MN 40M 43M 53 J D 48 Sale 50 F A 47 48 53 Sale Sale Sale 39H ----- J 45 M 8 15k May 10 3 9 9 k May 2 34 k May 7 10 k May 10 k May 6 56 k 30 Sale O 15 21 15 21 24 7 k May 18 z7k May 18 51k 59 H H 37 H Sale 52 k MN 7 6 48 49 % 49 k A May May May May 20 k May 6 41 Sale 65 F A J 14 14 11M 9M 4 k 4 Vs 14M MN "Bo" . A 6k F A 6 Sale J D 59 Sale AAbitibi Pow & Paper 1st 5s.. 1953 J D 1948 M S 1947 J D 102 (City) extl s f 6s 11 Sale 56 88 Sale F a4Ms assented Sale TVs Sale 7 k Sale 14 5 7s .1958 10 M 9 k 33 % 14 M 14 1962 MN a8s secured external fokohama 5M 11 May 2 1 1 2 1 1 1 1 13 1 7 Sui (State of)— a7s extl loan of 1926 Paulo 11 A .1953 6 Ms Sale 5 11 J 55 14 M S MN 101 Sale 6 J s 9k 11M AExternal loan 7 Ms 1966 .Prague (Greater City) 7 Ha 1952 .Prussia (Free State) ext s f 6ks 1951 ASinking fund gold 6s 1952 Queensland (State of) ext s f 7s. .1941 25-year extl s f 6s Feb 15 1947 kRhine-Main-Danube deb 7s ser A '50 105 % 75 Sale May Mav 9Vs May Sale Sale May May 34 k May 31 May May May 25 May 102 101 May 73 72H May " 58 M 52 Vs May 50 M 20 30 20 105 k 73 8 k 11 8 7k lanta Fe extl Sale k 6k D tome 10 56 M 61 23 15 56 M 9M 9 k Sale 27 M Sale 8k 9 k Sale 6 59 55 67 Sale 9k 9k J sec 106 k 6k 9k 1961 Alegre (City of) 8s AExternal 52 k 80 1963 a4^s assented Porto 17 k 58 k 12 k. 1950 f 8s 34 n 17 M 80 7k 6k 1968 A4ks assented s M S -1940 1958 - ^Stabilization loan 7s__ AExternal M S 1960 J 1961 a4mb assented 1 43 25 Vs F lydney 1, 29 M May 23 M May 23 May Sale .Silesian Landowners Assn 6s—1947 118, 43 k May 30 k 27, 18, 62 Mav Sale "5" 35, May May 29 71 iSaxon State Mtge Inst 44, 81, 37 38 k 2 May 10 8k May 13 38 Sale Sale A May 9 • 40 Sale D 39 40 27 F M May 24 5k May 21 34 30 J May"25 6 Sale 34 1963 27M k May 15 k May 1 Sale Sale sinking fund extl loan 1 1 68 Sale Municipal Bank ext s f 5s 1970 .Nuremberg (City) external 6S--1952 )riental Development 6s 1953 External deb 5ks 1958 1 k May 36 M Sale 4s 3 10 70 34 % 31 Ian Paulo 20, 43 M 42 k May 30 Vs 30 H Sale lao 8, 71 M 75 Sale .Saarbruecken "ll" 6l" Sale 6h 2% Sale Sale lio Grande do 147, Sale 10 80 k" May Vs May 28 Vs May 15 M May 21 1 1 k 90 k i4k s assented 5, 91 12 M "I" 5k 5 k \M Sale 2H 64 Sale May 24 ----- % % Vs IVs 28 M 72 4, 3, O A A 69 7% May 22 May 27 63 69 75 Poland (Rep of) g 21, A F 70 k 8 1 Sale a 15 li Sale Norway 20-year ext s f 6s -.1943 20-year external s f 6s 1944 F A External sinking fund 4ks—1956 M S External sinking fund 4}£s---1965 A O 286, 73, 7, 12, _ k 80 k 79 k F External f g 5s. s 9M 38 J % ----- 9 40 Peru (Rep) Sec s f g 7s ANational loan ext s f 6s 4', 4, M S __1959 M N (City) 7s a6s series A few South Wales ext 57, 308, , M S 8 63 M Sale „ 15, 48, ----- - 37 Sale 8k TVs Vs Sale Prices Sale Prices 7 May 28 17 15M 11M 80 Vs 1 1M Vs 1M lk Ask 9 14 Highest Lowest May 31 Ask Bid Bid 12 M 12 20 A J 1 May Ask 14 MA Y 2, 1940 Bid (Concluded) Jugoslavia (State Mtge Bk) PRICES IN Price s*«» n. Y. stock exchange Vah 11, IS BONDS Ma "T Y. STOCK EXCHANGE-BONDS N. 1940] 7 8 ----- Sale 60 k 63 k 39k Sale 53 27 40 5k ----- 5 Sale 43 40 k 42 35 5 40 k ----- . —_ ----- 56 May 40 May 40 k May 51 May 26 k May 8 May 24 28 24 11 17 14 56 40 8 2 1 1 7 May 23 May 2 May 14 5k 5 Sale 4 May 13 55 k May 18 5 k May 62 k May 1 9 railroad and industrial companies 109 7 10 40 15 Ulams Express coll tr g 4s Collateral trust 4s of 1907 22" 23 3 25 304 715 759 55 27 123 477 621" 353 158 685 608 617 64 71 1943 .1943 First cons 4s series B Ubany Perforated Wrap Pap 6s. 1948 6s with warrants assented 1948 Ubany & Susq 1st guar 3 Ms 1946 A O Allegheny Corp coll tr conv 5s-.1944 F A Collateral and convertible 5s-.1949 J D a5s stamped -.1950 1998 1942 1950 1951 Ulegh & West 1st g guar 4s Ulegh Valley gen gu 4s Ulied Stores Corp deb 4Ms 4Ms debentures Ulis-Chalmers Mfg conv 4s 1952 kAlpine Montan Steel 7s 1955 Uner & Foreign Power deb 5s—2030 20-year sinking fund 5Ms..-.1943 3Ms debentures.. ..1961 3 Ms debentures.... 1966 km Type Found s f debs 2 k-5s 1950 Uner water Wks & El 6s ser A. .1975 For footnotes, see page 30. 104 k 104 k Sale 108 k 50 107 107 M 83 52 58 60 74 M 85 76 M A O 68 41 A O M S 106 A O F A 100 96 M S Sale 79M 59 58 k 31 I06M ion Sale 104 k 99 Sale Sale Sale 99 Sale 92 k "93" 107 k 16 Sale 107 k Sale 64 k 104 k Sale "51k Sale 101k Sale 100 k May 03 May 31 Sale O D J MN ?!* 50 k May Sale Sale 13 M j 11 108 k May May 16 54 15 55 k May 27 82 k May May 31 May 60 k May 28 May 26 k May 22 45 May Sale 63 M 103 A May 3 29 56 29 104 k May 15 24 104 k May 11 24 108 k May 15 May 8 15 60 May May May May Sale 110M J 60 May May May May May 43 k 63 k 105 M S MN Sale 52 k 45 62 34 110 109 k 110k 108 k 108 k 105k 108 k 108 Sale 50 50 58 k 54 58 k 52 k 50 58 55 k 80 68 k 66 77 81k Sale 70 70 81k Sale 73 "43" M S American I G Chemical 5Ms... 1949 MN Uner Internat Corp conv 5Ms.. 1949 J j American Telephone & Telegraph— 30 30 k Sale 103 102 k 104 102 99 k 102 101k 102 k 100 53 Sale 108 k 67 1946 4Ms stamped Adriatic Elec Co external 7s.... 1952 Ua Gt Sou 1st cons 5s ser A 51 104 Sale 104 M Sale 104 k 109 108 k 108 k Sale Sale Sale Sale 105 k Sale Sale 109 k Sale 105 Sale 108 109 106 104 k May 99 k May May 101k May 99 k May 9 109 May 10 93 May 106 k May 31 31 107 k 109 k 105 M 106 107 k 108 M Sale 55 90 93 k 106"jiMay 104 105 k Sale May 103 k May 104 k Sale 100 101k 101k May 96 May 97 k 99 k 106"si Sale 65 k May 104 k May 105 28 22 28 27 22 May 107»8jMay 110k May 110 May 105 May 109 May 6 6 1 f 22 BONDS i?i N. Y. STOCK EXCHANGE SO* Sales in May Value N. Y. STOCK , Bid 248,000 Anaconda Cop Min s f deb 4 %s_ 1950 A O Anglo-Chilean Nitrate— 234,000 ASinking fund income deb 1967 Jan 45,000 JAnn Arbor 1st g 4s July 1995 Q J 12,000 Ark & Memp Bdge & Term 1st 5s '64 M S 524,000 Armour & Co 4s 8 f ser B (Del) 1955 F A 250,000 1st M s f 4s ser C (Del). 1957 J J Atchinson Topeka & Santa Fe— 680,000 Gen g 4s 1995 A O 43,000 Adjustment g 4s July] 1995 Nov 73,000 Stamped 4s July 1 1995 MN Conv g 4s of 1909 8,000 1955 J D Conv g 4s of 1905 40,000 1955 J D Conv g 4s of 1910 48,000 1960 J D Conv deb gold 4%s_315,000 1948 J D 68,000 Rocky Mtn div 1st 4s A 1965 J J J Trans-Cont Short Line 1st 4s gl958 J 13,000 Cal-Ariz 1st & ref 4%s ser A-.1962 M S 99,000 Atl Knox & No 1st g 5s 1946 J D ~3~66o Atl & Char Air Line 1st 4 %s A. 1944 J J 1st 30-year 5s ser B 53,000 1944 J J July 1952 M S 54,000 Atl Coast L 1st cons 4s General unified 4 %s series A_ 1964 J D 42,000 27,000 10-year coll trust 5s—May 1 1945 MN L & N collat gold 4s___-Oct., 1952 MN 56,000 J 1948 J 29,000 Atlantic & Danville 1st g 4s J Second 4s 1948 J 21,000 J 78,000 Atl Gulf & WISS Line coll tr 5s. 1959 J 1953 M S 117,000 Atlantic Refining deb 3s J 3,000 1* a Auburn Auto conv deb 4 Ms. 1939 J J 17,000 Austin & N W 1st g 5s guar—;_1941 J Baltimore & Ohio RR— 1st mtge gold 4s 298,000 July 1948 A O Stamped modified bonds— 1st mtge g (interest at 4% to Oct 1 1946) due July 1948 A O 6,000 Ref & gen ser A (interest at 1 % to Dec 1 1946) due 1995 J D 698,000 Ref & gen ser C (interest at 11-5% to Dec. 1 46) due. 1995 J D 427,000 Ref & gen ser D (interest at 1 % to Sept 1 1946) due. 2000 M S 405,000 Ref & gen ser F (interest at 1 % to Sept 1 1946) due 1996 M S 367,000 AConvertible due Feb 1 1960 FA 1,781,000 Pgh L E & West Va System— Ref g 4s extended to 1951 MN 52,000 S'western Div 1st M (interest at J 3 % % to Jan 1 1947) due. 1950 99,000 J Toledo Cin Div ref 4s A 1959 29,000 J 22,000 Bangor & Aroostook RR 1st g 5s 1943 J Con ref mtge gold 4s 37,000 -1951 J 4s stamped 1951 46,000 D Battle Creek & Sturgis gu 3s 1989 Beech Creek Exten 1st g 3%s—1951 A O J Bell Telephone of Pa 1st 5s B —1948 J 144,000 First & ref 5s series C -I960 A O 91,000 J Belvidere Del cons gtd g 3 %s—1943 J "I"66o ABerlin City Electric deb 6%s_.1951 J D ADeb sinking fund 6%s 1959 F A 3,000 ADebentures 6s 1955 A O ,000 Berlin Elec Elev & Undgrd Rys— Alst 6%s. 1956 A O 1,8^,066 Bethlehem Steel 3 %s conv deb. .1952 A O J Cons mtge 3 Ms ser F 1959 J 275,000 Big Sandy Ry 1st mtge 4s 1944 J D 1950 F A 5~6OO Blaw Knox Co 3 Ms _ _ _ _ _ _ May Ask 106 % 34 M 49 % Sale 100% 99 M 37 M Sale 98 M Sale Sale 106 Sale 95 85M 85% Sale" 97 M ~92% Sale M S MN - 48~666 g _. AGeneral 4s. 25,000 Central N Y Power 3Ms— 137,000 For footnotes see page 30. 1987 --1962 Sale Sale 76% Sale 79 87 88 M 97 M Sale 109M 108 % F A 97 87" 95 Sale 55 Sale 55 39% 64 M 37 M Sale 28M Sale 28 32 Sale 31M 32 Sale 25 Sale 25 63 X 70 Sale 62 M 65 71M 105M 106 43 80 70 ily* 98 75 106 M 68 99 M 74 X Sale 60M 104 M 63 87 M 90 Sale 68 M Sale 58 M Sale 100M 101 70 "35" Sale IVA 45 Il5M 84 % Sale 133 Sale 102 13 13% "29" 22 13 Jan. May May May May May May May May May May May May May 9 10 97 22 99% May 13 1 24 70% May 54 May 3 31 6 22 73% May 29 65% May 10 May 9 24 38 3 21 31% May May 1 22 75 1 14 106% May 68 May 11 17 May 7 22 90 May May May 104% May 93% Mar. 12 97% Apr. 8 96 Apr. 25 105% Apr. 4 5 100% Feb. 110% Feb. 21 6 109% May 114 91% Jan. 95 Jan. 100 99 108 92 Jan. Mar. Jan. 25 97 May 9 99% Apr. 25 93% Mar. 64% May 77 Jan. 41 62 Jan. 76 Jan. 4 70 Feb. 20 41 Feb. 7 Feb. 9 May 61% May 55 May 28 May 25 May 62% May 102% May 43% Jan. 82 4 3 75% Apr. 30 107% Jan. 24 Apr. 27 90 May • 7 Jan. 56% May 22 69% May 4 56% May 22 May 22 69 % May 70% Jan. 3 60 6 55 Sale 15% May 21 27 May 1 15% May 21 28 Sale 20 M Sale 18 May 21 30 May 1 IS May 21 31% Apr. 4 15% May 21 26% May 1 15% May 21 27% Apr. 4 15% May 21 7% May 21 26% May 12 % May 1 1 15% May 21 7% May 21 28 Sale Apr. 15% Apr. 4 4 44 45% May 22 57 May 6 45% May 22 59% Apr. 1 32% May 22 47% May 15 91% May 31 54 May 29 55 May 21 45 May 55 17 M Sale 16% Sale Sale 16 M 9 Sale 35 Sale 91 % Sale Sale Sale 52 M 94 M Sale 63 M 64 35 95 Sale M 50 52 58 Sale 55 66 40 35 84 116" 134 53% May 95 May 65 May 65% May 40 75 Sale Sale 112% 134% 129 106 8M 8M 105M 14M 14 M 14 M 8M Sale 112% May 31 116% May 128 May 13 134% May May 6 11% May 11 x6 May 7 16 14% 15 16 12 16 May 6 May 11 May 7 15 Sale 107 M Sale 105 X Sale Sale 106 Sale 100M Sale 109 110M 109 14 M 103% May 15 108% May 10 100 May 21 106% May 7 105 99 44 M 45% "99 M Sale 55 Sale -47" Sale Sale 45% Sale Sale 51M 54 % 51M Sale 48 Sale Sale Sale Sale 55 Sale 45 M 49 Sale 51M 10M 79M Sale 45 M Sale "16" 12 May May 36% May 43 May 37% May 43 May 37% May 8% May 91 Sale May May May 83% May May 55% May 52 May 55 May 51% May 10% May 13 May 8 7 110% May 103% May 24 92% May 9 42% May 56 May May 86 M Sale 83% May 108% Sale 108% May 115 111 111 May 89 84 83 M May Sale 104 102 May 110 111M 109% May 107 M Sale 107% May 8 48% May 56 May 6 May 17 91% May 10 6 113% May 115 May 1 2 98% May 107 % May 3 111% May 10 109 May 3 Sale Sale Sale 89 Sale 90 Sale Sale Sale Sale Sale 108M 9 6M 69 % 42 53 M Saler* Sale 85 Sale Sale 97 X 49 56 102M 107 90% Sale 113 115 98 Sale Sale Sale 106 Vs Sale 110% Sale 108 M 109 2M 2M 67 45 M 60 104 i\78M 96 M 100 M 100 M 100 M 98 M Sale 5M 4% 86 M Sale 45M 28 M Sale 3 5 3 5 72 50 Sale 33 66.X 45 47 M 104 M 100 M 66 M 79 M Sale 73 M 79 Sale 77 M 77 M Sale Sale Sale 74 Sale Sale 97 % Sale Sale Sale Sale Sale 80% 97 Sale M S 103 Sale 97 Sale 73 M 74 Sale J J 113M Sale 108 Sale 95 M Sale J J Sale 40M Sale Sale 55 Sale 90 M 59 Sale 80 M 107 M Sale Sale Sale 62 M 82 M Sale 58% 91X 79 M 80 % 102 M 79 W* 26 71M 73 M 74 M 51 Sale 60 44 46 20 45 108M 109 92 95M "88" 8M 30M 7 3M 3M 5% 4M 108 M 104 Sale 100 90 95 97 Sale 45 44 Sale 80 10% 88 M 17 M 33 M 76 Sale 8M 75 14 33 26 M Sale Sale Sale Sale 1* 9 6M* 4 % 94 100 70 M S A 110 Sale 109 40% 18M Sale 16 Sale Sale Sale Sale 2M 8% Sale 17 15% 107 M 2 51% Sale 6 Sale 1% 4% 2M 2 "45" May Mr.y May May 4 May 22 1% May May 7 May 4 May 93 May 28 8% 7 90 2 6% May 2% May 2% May 17 8 May 16 1 4% May 4 94 May 18 17 10 May 22 69% "Mar. 12 32% May 22 48% 47% May 25 58 91% May 31 101 54 May 29 70 55 72 May 21 37 45 Apr. 19 72% Mar. 6 72% 112% May 31 117% 128 May 13 135 15 Jan. 15% Feb. 103% May 100 May 109% Feb. 97 May 41% Jan. 36% May 41% Jan. 37% May Apr. 4 Mar. 13 Jan. 2 Jan. 16 Jan. 2 Jan. 13 Feb. 7 Mar. 6 Feb. 9 Apr. 15 17 16 Apr. 5 16% Apr. 5 16% Mar. 25 10 15% Apr. 15% Jan. 17 11% May 11 15 112 Apr. 29 9 21 106% May 7 23 109% Feb. 23 13 mi Apr. 27 15 Apr. 30 21 52% Apr. 30 16 57 Apr. 30 21 52% Apr. 30 40 % Jan. 15 56% Apr. 30 52% Apr. .30 37% May 22 12% Apr. 3 8% May 15 3 62 Jan, 8 80% May 105 May 21 110% Apr. 27 83% Jan. 30 103 % May 24 Jan. 30 82 8 92% Apr. 38 Jan. 44% Feb. 88% Jan. 2 14 48% Apr. 56 May May 15 107 8 6 17 Feb. 14 83% May 22 92 3 108% May 31 113% Jan. 111 May 22 115% Apr. 20 8 84 98% Apr. May 21 3 102 May 18 107% Apr. 2 109% Feb. 23 112% Jan. 3 May 107% May 31 109 25% May 21 3 May 21 2% May 18 40% Apr. 30 7 Jan. 31 6% Jan. 12 8 69% Apr. 47 Apr. 23 May 23 Apr. 8 May 28 61 8 May 24 106% May Jan. 3 85 May 23 May 31 103% Jan. May 31 106% Jan. May 31 107% Jan. Jan. May 27 107 May 31 105% Jan. May 31 103% Jan. Jan. May 31 103 May 31 113% Jan. 69% Apr. May 28 8 89% Apr. May 27 May 28 108% .Jan. 11 May 29 84% Mar. 20 Apr. 6 May 28 79 May 14 Apr. 15 45 May 24 109% Jan. 23 Jan. 29 100% Apr. 11 1 5 45% Apr. May 90% Jan. 11 May 28 3 19% Apr. Jan., 10 9 2 30% Jan. Apr. 5 7% Jan. May 22 Jan. 2 28 3% May 4 8 3% Jan. May Feb. 16 8 Jan. 11 Mar. 29 33 47 100 66 73% 79 77% 83% 74 73% 74 95 31 58% 90% 54 48 104 94% 44 75 8% 26% 75 95 75 107 M 108 111% 51X 22 1 40% May 4% May 13 4 May 8 68% May 13 45% May 60 May 106% May 80% May 96% May 100% May 100% May 100% May 98% May 97 May 97 May 108 May 62% May 82% May 102% May 79 May 74% May 45 May 14 109% May 100 4 May 9 45% May 89 May 17% May 1 63 6M "6 x "~5M 100 109M Sale 99 M 76 M 108 93 Sale 107 25% May 3 May 2% May 67 May 33 May 47 May 100 May 66 May 73% May 79 May 77% May 83% May 74 May 73% May 74 May 95 May 31 May 58% May 90% May 54 May 48 May 45 May 104 May 44 55 52 105 Sale 61 May 55%"" 56 Vs 105M 103 M Sale 97 48 52 % 103 May 13 97 43 9X 6M 77 75 X 73 79M 105 M Sale 105 111 110 102 105 M 106 102 % Sale 40 M 5M 4M 107 M O 6 56 M 13M 107 M 100M 107 M J 20 17 M 55 M 51M 103M 83 M 103 M 106M M S 9 Feb. Apr. 89 Sale 44 62 M 5 107% May Sale 26 M 40 M J 102M 86 90 26 M 12 M MN J 41 50 86 3 30 108 J 93% 64 M 61M 71 86 26 Jan. 99% May 3 28 104% Apr. 18 28 104% Apr. 29 101% May 85% Apr. 76% May 92 Apr. 50 9 69 D M S 9 107% May 87 May 9 May 2 87 z92% May 24 1 97% May 95% May 14 3 104% May 3 100% May 9 110% May 6 109% May 41 28 22 27 J O Sale" 64 M Sale A A 104 M "97~" Sale 75 62 F MN Sale 99M 100M 108 M 10?" May May 97% Apr. 95% May 95 May 32 99 95 Sale Prices Sale Prices 102 May 25 107 % Feb. 23 28 40 May 28 May 22 May 17 101M May 21 86 May 2 76M May 29 92 M May 24 92 M May 20 95 M May 14 100 May 22 99 May 21 108 May 24 104 Vs May 28 Sale 86 % 113M 112M 95 M 105M 112M MN 93 96 M 166" 7 1 Highest 114 97 M " 91 96 Sale 100% 47 M 55 X 1945 M2V 1959 AO 1959 A O 1951 J D - 99 95 M 101X 41 84 A 65,000 48,000 AChat Div. pur money g 4s 11,000 AMobile Div 1st g 5s 1946 11,000 Central Foundry 1st mtge 6s.-.1941 4,000 General mtge5s-_ -.1941 "5", 000 Cent Hudson G & E 1st & ref 3 M '65 Central Illinois Light 3Ms...-.1966 11,000 1 ACentral New Eng 1st guar 4s 1961 109,000 1987 93,000 ^Central of N J gen g 5s 97 M 98 65M 109 M 85 M D — 95 M Sale May 25 103% May Lowest May 44% May 99% May May 95 M May 28 104 May 95 May 28 104 28 32 Sale Sale MN .1948 J *AConsol gold 5s ARef & gen 5Ms series B ARef & gen 5s series C_: 87 Sale Price Sale Sale 61 8% 5s_.Nov 1945 F ACent Br Un Pac 1st g 4s 106 M 85 M 99 76 43 % Carriers & Gen Corp deb 5s w w_1950 MN Carthage & Adir 1st gu g 4s 1981 J D Celotex Corp deb 4Ms w w 1947 F A jACent of Ga Ry 1st Sale Sale Sale 104 Sale Prices 102 70 M 53 M 72 M 95M O - 41,000 10,000 52,000 3,000 96 104 Highest 93 % Sale A —. 1952 5,000 Bush Terminal Co 1st 4s Consolidated 5s 1955 71,000 1960 58,000 Bush TermBldgs 1st 5s gu -.1966 301,000 Calif-Oregon Power 4s_ 1962 38,000 Canada Sou con gu 5s ser A 1957 319,000 Canadian Nat gold 4 Ms Gutranteed gold 5s .July 1969 432,000 Guaranteed g 5s ..Oct 1969 360,000 Guaranteed g 5s —1970 57,000 Guar gold 4Ms -June 15 1955 224,000 Guaranteed gold 4Ms1956 294,000 Guaranteed gold 4 Ms 1951 399,000 410,000 Canadian Northern guar 6 Ms—1946 636,000 Canadian Pac 4% deb stock Collateral trust gold 4%s 1946 100,000 5s equip trust ctfs -1944 149,000 Collateral trust g 5s 1954 126,000 Collateral trust 4 Ms 1960 184,000 2,000 t ACarolina Central 1st gu g 4s__1949 1952 63,000 Caro Clinch & Ohio 6s ser A 100 Sale F 1947 MN 1950 J D 1st lien & ref 6s series A 96,000 Debentures gold 5s 167,000 1st lien & ref. 5s series B 1957 114,000 1981 57,000 Buffalo Gen Elec 4 Ms ser B 7.000 Buffalo Niagara Elec 3 Ms ser C.1967 JBuffalo Rochester & Pittsb'gh RyStamped modified (interest at 3 % ,to Nov 1 1946) due 1957 246,000 31,000 *tABurl Ced Rap & Nor 1st 5s__1934 ACertificates of deposit 27,000 98 109 M A MN 35M 99% 95 M » " 41% 39 28 45 104 M 95% 99 M Sale 41M Sale 92 102 M 98% Sale 99 Ask Ask Bid Sale 42 100M 107% 108M Lowest May 31 1 38M 100 _ 1,043,000 Boston & Maine 1st 5s ser AC-.1967 Stamped 822,000 1st mortgage 5s series II 1955 334,000 Stamped 307,000 1st g 4 Ms series J J 1961 231,000 Stamped 214,000 9,000 t ABoston & NY Air Line 1st gu 4s '55 22,000 Brooklyn City RR 1st 5s ctfs—1941 105,000 Bklyn Edison cons mtge 3 Ms—1966 125,000 Bklyn Manhattan Transit 4 Ms. 1966 Certificates of deposit. 1,125,000 Brooklyn Queens Co & Suburban RR 1st con gtd 5s stpd ctfs__. —1941 46,000 1st 5s stamped ctfs.. —1941 2,000 1950 4,000 Brooklyn Union El 1st 5s Certificates of deposit 94,000 Brooklyn Union Gas Co 1st g 5s 1945 131,000 Bid 102% 102M 95 RANGE SINCE JAN. PRICES IN MAY Price Jan. 2, 1940 ss <» _ EXCHANGE—BONDS 4 1% 2 6% 93 May 17 May 10 73 Feb. 4 4% May 1 95% Jan. 13 77 Feb. 2 108% 106 106 May 21 109 Jan. 5 109 110 110 Jan. 37 13 39 107 Sale Sale 10M Sale Sale 105 M Sale May 21 107% May 4 110 May 28 111% May 16 52 37 May 28 May 8 12 May 24 17 % May 6 10% May 31 15% May 1 105% May 14 108 May 8 23 2 111% May 16 Apr. 13 54 May 28 May 24 20% Jan. Jan. 18 10% May 31 Jan. 105% May 14 110 37 12 4 3 5 Sales in n. y. stock Ask Bid 2,000 142,000 17,000 53,000 Guaranteed 5s Chesapeake & Ohio Ry— General gold 4%s — __._1992 M S Ref & impt mtge 3%s ser D..1996 MN Ref & impt mtge 3 Ms ser E--1996 f A impt M 3 Ms ser 1963 j D F 1940 J Vafley 1st mtge g 5s Potts Creek Br 1st 4s 1,000 R & A Div 1st con g 4s 2d con gold 4s Warm Springs Valley 1st g 240,000 iChic & Alt RR ref g 3s— 179,000 Chic Burl & Q 111 Div 3 Ms Craig j 1946 J 1989 j 124 J 5s.l941 M S 1949 a O 36,000 Alst & general 5s series A-.--1966 48,000 Alst & gen 6s series B...May 1966 11,000 Chic Indiana & Sou 50-yr 4s...1956 *Al5-year Alst 3Ms ---198/ *^87 secured 6Ms.------1936 168,000 100.000 614.000 & ref g 101,000 243,000 5,000 *ASec 1934 1952 A gold 4 Ms series Income guar 17,000 Chicago Union Dec 1 I960 5s__ 1944 — 1st mtge 3 Ms series E 1963 3Ms guaranteed------------1951 232,000 Chicago & Western Indiana 4s.-1952 1st & ref mtge 4 Ms ser D 1962 121.000 1943 86,000 Childs Co deb 5s_ 90.000 — 13,000 tAChoc Okl & Gulf consol 5s--1952 3 Ms. 1966 117,000 Cine Gas & Elec 1st mtge -1967 Hist mtge 3Ms Cin Leb & N 1st con gu g Cincinnati 4s Union Terminal 1942 3 Ms series D —-1971 1st mtge guar 3Ms ser E------1969 Clearfield & Mahon 1st gtd g 5s-1943 1993 28",000 C C C & St L gen g 4s General 5s slries B—1993 5,000 27,000 40,000 118 117 77,000 155,000 94,000 7,000 32,000 109 103 % 20.000 1,000 54,000 196,000 1,234,000 1,000 1,000 5,000 89,000 113.000 307,000 150,000 142,000 106 M May 104 M May 15 4 May May May May 125% May 7 118 100 3 7 8 94 89 % Sale 85 118M 83 82 81 79 117 Sale 119M 122 Sale 15 19 Sale 18% Sale 15 83 88 Sale 96 11M 17 M 12 14 M 16 M 24 6% ~"7M 8 Sale 21M 24 M 24% 23 26 97 93 May 114 9 7M O 2 5 13 M N 14% 13% 18% 14M 15M Sale 16 Sale Sale 19M 4M 1M 16M 17 M 16M 11M 10 15 13 8M 14 12 M 16 17 % "18M Sale 9% 10 H Sale Sale 10 M Sale 10M 2 H Sale D 9M Sale 3% Sale A 45 M 54 % J 13% 11M 5M 14% 16 M 17 M 15 44 16m 6% 7M 6 6 Sale Sale 5% 2M Sale 6M 6 M 1M May 6 May 5% May 1 % May D 70 80 74 80 D 60 67 60 67 70 67 J D 55 D 43"" 56"" 51 52 50 21 23 21 13 48 J 54 H 62 1st mtge guar 106 M 106 M 107 M Sale 101M 105 M J M J 90 Sale M 8JVs Sale A 49 M 12 M Sale MN M 60 45 50 52 M 35 58 48 102% 104 108M 109 m 104% Sale 104 40 106 Sale 94 M Sale 88% 94 m 56 m Sale %r/s 38 13 m Sale 102 Sale 103 109 n 105% iiom 103 M MN 108 % 108 M Sale 108 H Sale 109 110M 111M 105% 106% 105% May 108% 108 May 60 75 65 M 65 m 85 76 X Ref & O 105 % Ms 1942 J 106% 108 Ms 1942 3 Ms 1948 MN Series D gu 3 Ms— 19o0 F A A 102 M General 4Ms series A—_—,--1977 J 104 M Gen & ref mtge 4 Ms series B-1981 O Clev Short Line 1st gu 4Ms----1961 84 M 80 O Clev Union Term 1st gu 5Ms A-1972 Sale O 1st s f g 5s series B guar 1973 81H Sale O 1st 8 f 4Ms series C 1977 74 M 73 M D 105 Coal Riv Ry 1st gu 4s.—- — 1945 A 105 Colo Fuel & Iron Co gen s f 5s.-1943 H "65"" 52 58 79 65 75 47 M 38% Sale 48% Sale Sale 64 M 66 m 107 H 108 70 33 M 104 M Sale Sale 76 "50"" Sale Sale ----- AConsol Sale 106M Sale 106 M Sale 106M Sale 108 M Sale Hydro-Elec Wks of Upper Wuerttemberg 1st 7s 1,000 401,000 Consolidated Oil conv deb H Called bonds 2,000 1956 j 3M8-1951 j 109 M 11 105 M Sale ---- 107% 105% 108% 14 8 1 8 4 4 4 8 3 9 30 30 1 3 Feb. 26 18 20% Apr. 11% Apr. 11% Apr. 11% Apr. 8 3 22 28 21 4 3 21 4 Jan. 3 49 Jan. 27 4 67 Jan. 19% Apr. 18 Apr. 8% Apr. 7% Apr. 8% Apr. 7% Apr. 2% Jan. 80% Apr. 4 3 4 4 1 3 2 18 Jan. 4 51 % Apr. 12 63% Feb. 26 3 54 Apr. 17 107% Mar. 11 22 109% Apr. 31 106% Feb. 24 4 23 3 95% Mar. 9 59 Apr. 6 27 13% Apr. 27 25 110% May 4 5 111% Apr. 4 95% May 31 22 17% 19 18% 64 108% Sale 109% Sale 111 Sale 108% 109 109% Sale 110% Feb. m« May 5 Feb. Feb. 2 May Jan. 75 Mar. May 66% 79% 54% 51% 6 24 3 4 67 Jan. Jan. Jan. Jan. 46 Jan. 57 May Mar. 100% Jan. Mar. 100 2 4 29 Mar. 26 110% Jan. 108% Jan. 4 108% May 8 107% May 108% Jan. 105% May 15 105% May 1 8 105% May 15 106% Jan. 109% Feb. 24 109% Feb. 24 107 % May 23 75% 67% 75 Sale 66 Sale 64 72 62 56% Vile 109% 106% 103% 104% 104% 102 66 Sale 24 100% Sale 105% 100 97% Sale 20 % 99% 99 97 % 114 112 107 65 110% 107% 106 103" Sale 10% 10% 10% 57% 105 19 12 17% 61% Sale 76% May 85% May 76 May 3 69 May 6 108 May 15 105 May 2 75% May 10 28% May 105% May 105 May 4 3 105% May 114 May 17 110% May 108% May May May May May May May May May May May May May May May 107% Sale 106% May 109% May 111% Sale 88% 88% May 108"" 115% May 108% May 108% 107 May 109% 107% 109 Sale 103% May 104% Sale Sale 104% May 105% Sale Sale 103 May Sale 104 105% May 108% 106% Sale 106% Sale 17% 17% 17% 60% 3 5 13 29 106% 65"" 14 11 17 1954 j 25,000 X AConsolidated Ry deb 4s ADebentures 4s_.J&J 1955 j 11 5,000 ADebenture 4s 1956 j 11 17 1960 99.606 Consolidation Coal s f 5s. 58M 61M Consumers Power Co— 1st lien & unif mtge 3Ms 1965 MN 108 H 53,000 1st mtge 3 Ms— 1967 M N 108 % 109 M 26,000 1st mtge 3 Ms 1970 MlN 109M 191,000 1st mtge 3 Ms 1966 M N 106 Vs Sale 132,000 1st mtge 3 Ms 1969 M N 133,000 For footnotes, see page 30. 106 3 6 15 100 - 79 Sale 105% Sale Apr 15 1952 A O 104 M 104 Sale Jan 15 1961 J J 103 H Sale' 105% Sale Columbia & Hock Val 1st ext g 4s *48 a o 110 114 Columbus & Toledo 1st ext 4s—1955 F A 111M 110% Columbus Ry Pow & Lt 4s 1965 MN 109 109 M 108 Sale Commonwealth Edison Co— 1st mtge 3Ms series 1 1968 j 109M Sale 110% 111% Conv deb 3 Ms—- - - - - 1958 j 128 M Sale 129% Sale Conn & Passum Rivs 1st g 4s—.1943 a 80 92 88% Sale Conn Ry & Lt 1st g 4 Ms 1951 j 108 H 109% 110 p 3 37 May 76% May 50 May 50 May 66% May May 76% May 37 May 46% May 57 May 99% 107% 109 105% 105% 85% Sale 75% Sale 68 Sale 108% 104% 106 73 Sale 28 Sale 118% 109% 5 16 16 16 99 107 % Debenture 5s 109 8 4 26 100 57 Sale Debenture 5s j 2 8 52 66 52 109 102% 104% 4 105% May 108 May 1 2 100 100 m 99 M 105 H 105 M j 16 75 108% May 111% May 90 Sale 50 Series A gu 4 a a 15 103 80 64 M a 117% Feb. 110 Apr. Jan. Jan. May May 101% May 88 May 87% May 36 % May 12% Feb. 105% May 109% Feb. 110% Stamped guar 4Ms.------—1951 Conn River Power s f 3 Ms A—1961 Consol Edison (N Y) deb 3Ms.-1946 3Ms debentures 1948 3Ms debentures 1956 3Ms debentures_-__--------1958 2 15 104 103% 109% 106% 95% May 101% May Sale 88 May Sale 87% May 39 36% May 13 11% May Sale 105% May 109 M 103 M A 3 Feb. 109 103 May May May May 95 May 56% May 13% May 110% May May 104 Sale 13 M 108 % 109 M F 5 3 7 100 47% Feb. 13 48 May 17 40 May 22 59% May 50% May May 17 May 22 D MN A 125% Feb. May 100 May 107% Jan. 101% Jan. May May May May 67 J F 9 36% May 24 9% May 22 11 May 20 4 May 21 3% May 23 4% May 21 3% May 23 1 May 21 75 Jan. 24 May 16% May 15% May 7% May 6% May 7 % May 6% May 1% May 75 May 21 23 May May 3 % May 4% May 3 % May 1 May 75 : May % Sale J S 18 4 82% May 12% May 6 May 6 May 5% May 1% May May May May May May 47 20 4 5 1 21 21 11 5% 4 18% 10% 10% 10% 2% 28 22 36% May 24 9% May 22 Sale 4% Sale 6 Sale 4 6M 21 12% May 18 Sale 17 5 J a 62% Jan. 13% Jan. Sale 10% 8% Sale Sale 7 M Sale 6M 41 22 21 15 2 M 7 M 6M 6M Sale 6M 6M 1M 1M Sale 40 5 19 8 '24 May May 10 May 12 May 17 May 10% May 12 11 12 M 13 M MN 1 10 12 17M 16 M J Sale 20 M D D Sale •17 M "16M M S J Sale 10 Sale 15 9M 9M 29 M 17 M Sale 16 M 18 Sale 19 Sale il% 13 M Sale 16M May 21 May 2 8% May 62 May 27 May 26 May 27% May 27% May 27% May 6% May 1% May 16% May 17 May 16% May 17 May 16% May 15 May 21 3% May 21 3H May 21 55 May 15 15% May 21 16% May 22 18 May 22 17. May 23 15% May 21 4 May 23, 61M 6M Sale M N M 3 16% Jan. 7% May 21 98 May 90% May 31 95 May 29 102% Jan. Apr. 83 May 22 93 72% May 28 84% May. Jan. 75 May 24 90 7 120% May Mar. 118 19% Jan. 10% May 23 10 19% Jan. May 21 Jan. 19 100 May 86 19% May 21 30% Apr. Mar. 12% May 21 21 20 Apr. 12% Jan. 15 18% Apr. 12% Jan. 11 10% Mar. 3% May 21 10% Mar. 3% May 21 62 May 55 May 15 15% May 21 28% Apr. 16% May 22 27% Apr. 18 May 22 29% Apr. 17 May 23 29%' Apr. 15% May 21 30% Apr. 4 7% Mar. May 23 1 2% Jan. May 24 18 10 May 22 Apr. 21 10 18% Mar. May 12 May 15 18% Mar. 2 18% Apr. 13% Feb. 19% Apr. 10% May 21 8* May May May 15 4M 4 "18M 26 M 26 M 27 19 M 12 M 14 3M 28 M 26 M 26 M 25 % 27 M Sale MN 103 15 10 Sale 26 12 M 10 M May 10 May 11 M 8M 8M 17 15 M 8 12 Sale 10 27 MS 94 106 64 O May May May 14% May 98 May 101% May 91% May 84% May 89% May 120% May May May 100 May 30% May 15 May 14 7 M 21M Sale 19 11M 20 Ji 20 J A 106 9 117 May 93 16M Sale 26 A 117 Sale 11M 98 29 M 16 M 61H J 103 100 4 Jan. 112i3» Jan. 101 % Jan. 109 Feb. »VA Sale 91 Sale J A. Sale 29 21 21 15 May Sale 90 M May 95 95 M 95 May 85 M Sale 83 May 68 72 M May 73 79 75 May 120 117 118 May Sale 25 J 94 94 Apr. 54 21 21 18 21 104% May 22 106% Feb. 21 102 May 21 104% Mar. 14 May 22 May 21 100 67 a5s income mtge--.---1970 A O 48,000 152,000 Colorado & Southern 4 Ms ser A-1980 AfN 444.000 Columbia Gas & Elec deb 5s May 1952 MN 96,000 509,000 - 5 66 103 58 M 23 M J J 118 94 M 111M 118 Series C gu 18,000 32% May 55 May 109 May 65 May 109 Series B gu 3 3,000 May 6 21 48 60 May 2 21 18 109253jMay 13 82 May 9 21 100 Sale J Sale Sale 94 100 53 Sale impt 4 Ms series E 1977 Cin W & M Div 1st g 4s—-1991 47 51M St Louis Div 1st coll trust g 4s-1990 M N 66 Sale 10,000 Spring & Col Div 1st g 4s 1940 m S W W Val Div 1st g 4s 1940 j J "05% 166"" J 109M Sale 80,000 Cleve Elec Ilium 1st M 3%s-..-1965 O 107 H Clev & Pitts gen gu 4Ms ser B —1942 248,000 7,000 65 May May May May 73% Jan. 58% May 31 61 Mar. 6 9 May Station— Guaranteed 4s 3,000 159,000 118M 109 Sale 99M 99M 94 104 % 105% 106 97 M 101M ACertificates of * 28.000 123 H 125 99 Vs Sale Sale ---- deposit AConvertible gold 4 Ms 1960 Chic 8L&NO gold 5s — -1951 Gold 3Ms —--June 15 1951 Memphis Div 1st 4s. — -- —1951 Chic T H & S'east 1st & ref 5s.-I960 . 125 Sale « ♦ARefunding gold 4s— ACertificates of deposit 104 M 107 104 M 102 104 M 102 95 % 55,000 193,000 } AChic R I & Pacific gen g 4s—1988 j ACertificates of deposit 6,000 324,000 302,000 126,000 106 M 107 104 104 M 100 M 89 m S j j j j j j MN j j 5s -;r™a onil Alst & ref 4 Ms stamped-May 2037 Alst & re 4 Ms ser O May 2037 AConv 4Ms series A --1949 AChicago Rys 1st 5s stamped Feb 1 1938 25% part paid—-1927 88,000 104 M 105 32 M 55 55 Sale AStpd non payt Fed inc tax. 1987 AStpd gen 4 Ms non-pay inc taxl987 M N AGen 5s stpd non pay inc tax. 1987 M N AGeneral 4Ms stamped 1987 MN 132",000 110 69 14M M N 75,000 109"" Sale 244,000 t iChic Mil & St P gen g 4s ser A. 1989 AGen g 3 Ms series B_.-May 1 1989 68,000 143.000 AGen 4Ms series C_._.May 1 1989 AGen g 4Mb series E...May 1 1989 45,000 48,000 AGen 4Ms series F—May 1 1989 1,070,000 t AChic Mil St P & Pac mtg 5s ser A 75 AConv adj 5s 965,000 «Jan 1 2000 — 109»32110 81 Sale J J , gen Sale j 1949 j 1,107,000 t AChic Gt Western 1st 50-yr 4s-1959 8,000 X iChic Indianap & Louisv rf g 6s 1947 iRefunding gold 5s ser B 1947 "Y.ooo iRefunding 4s series C 1947 2,000 3,000 "36 M Sale 112M Sale Sale 60 47 M 55 M 70 Sale Prices Sale Prices Sale Prices Sale Prices 58 M May 31 Sale 60 16 176,000 General 4s —- — ---1958 m S 101,000 1st & ref 4Ms series B 1977 f A 121,000 1st & ref 5s series A 1971 f A iChic & E 111 1st cons g 6s—1934 A O 50,000 384,000 J AChic & E IU Ry g 5s. 1951 MN 59,000 ACertificates of deposit 38,000 Chic & Erie 1st gold 5s — _.1982mN 104.000 XAChic & No West AGeneral 4s 33,000 Ask 58 M 67 Sale 99% Sale 99 % Sale 107 M 101M Sale' J J am ---1989 j Illinois Division 4s 224,000 Sale Highest Lowest Highest nnn , Ref & Lowest May 31 Ask Bid 68 % 67 51M 1960 F A 58 Central RR & Bkg of Ga 5s 1942 MN Central Steel 1st sink fund 8s—1941 M1V 1121!! 75 Certain-teed Prod s f g 5%s A..1948 M S Champion Paper & Fibre— 104 M S f deb 4Ms (1935 issue) 1950 M S S f deb 4ms (1938 issue) 1950 m S 102% 125,000 305,000 293,000 333,000 Bid 71% Sale 1949 F A 1954 A O 1 May 1940 So, $ 11,000 1 Jan. 2, exchange 204,000 Cent Pac 1st ref guar g 4s Through St L 1st gu g 4s 378,666 RANGE SINCE JAN. PRICES IN MAY Price BONDS May Value 23 exchange—bonds stock n. y. June, 1940] 14% May 102% May 102 1732May 12 May 14 May 14 21 1 28 23 22 20 15 21 15 111% 129% 88% 115% May May May May 28 May May 106 May 107% May 105% May 109 May 110 110 3 14% May 15 106% May 20 1022132May 18 May 22 14 May 17 17 66 72 64 56% 106% 104% May May May May May Apr. May May May May May 28 25 22 23 29 108 May 21 104% May May May May May 104% 106% 105 106 106% Sale 102% 105 Sale 104 % 104% Sale 65 May 28 108% May 21 110% May 21 111 % May May 22 109 May 22 110 6 Jan. Jan. Jan. Jan. 13 11 3 19 May 15 8 106% Jan. 22 24 75% May 10 4 34% Jan. 22 105% Apr. 3 99% 21 105% Apr. 99 8 29 105% Apr. 19 97% 8 114% Apr. 8 113% Mar. 4 110% Apr, 27 110% May 3 106 May 14 109% Jan. 65 20% May May May May May 107 May 103% May 106% 109% 88% 115% 108% 21 14 111% Apr. 15 21 130% Apr. 9 1 Mar. 25 89 28 119 23 110 22 110 Apr. 26 May 4 May 3 20 107% Jan. 5 104% May 15 108% Apr. 103 May 21 107% Jan. 105% May 15 109% Jan. 4 14 Jan. 5 102% May 15 102l732May 20 12 May 22 14 May 17 15% Feb. 56 83% 90% 82% 74% 23 55% Feb. 29 104% May 105 May 106 May 102% May 104% May 6 5 14% Mar. 23 106% May 7 10221s2May 6 19 Apr. 17 18% Apr. 15 18% Apr. 9 65 May 6 28 109% Jan. 27 21 110% Apr. 25 4 21 111% May 3 22 109% Apr. May 7 22 110 24 EXCHANGE—BONDL N. Y. STOCK Sales in May BONDS N. Y. STOCK EXCHANGE II $ PRICES IN MA Y Price 81 Value Jan. 2, 1940 Bid May \Bid Ask May 31 1 Ask Bid 25,000 32,000 837,000 53,000 44,000 149,000 151,000 69,000 17,000 22,000 11,000 If Container Corp of Am 1st s f 6s 1946 J D 105 IJDeb gold 5s 1943 J D 101M 102 M D 108 % Sale Continental Oil conv deb 254s__1948 J t Crane Cos f deb3)3s —1951 J D 104M Sale Crown Cork & Seal s f 4s 1950 MJV 105 105M S f 4)3s debentures —1948 J J 102 M Sale Crucible Steel 4)3s deb ser A—194£ 103 103 M Cuba Northern Rys 1st 5Ms 1942 29M Sale Sale Cuba RR 1st 50-yr g 5s— 38 1952 44 54 Sale 7 Ms series A extended to 1946 6s series B extended to 1946 32 M Sale 101M 102 101M 102 107 M 108 M 103 103 M 106M Sale 104 M Sale 105 M Sale 2933 Sale 37 M 38 H 43 54 44 32 M Sale 552,000 12,000 2,000 6,000 404,000 91,000 34,000 91,000 165,000 Del & Hud 1st & ref 4s 1943 M N Delaware Pr & Lt 1st M 4Ms—1971 J J 1st & ref 4 Ms 1969 108 M 1st mtge t*ADen & Rio Gr 1st cons g 4s__1936 *AConsol gold 4Ms_. 1936 t ADenv & R Gr West gen 5s Aug 1955 ^Assented (subject to plan) ARef & imp mtge 6s ser B 1978 t ADes Moines & Ft Dodge 4s—1935 Certificates of deposit t ADes Plaines Val 1st guar 4)3s_1947 Detroit 82,000 86,000 23,000 1969 gold 4 Ms A AO J J M S Gen & ref4MsseriesD F .1961 A Gen & ref mtge 4s series F—1965 A O Gen <St ref mtge 3 Ms series G.1966 M 5 Eastern Ry M No Div 1st g 4s_1948 Eastern Tenn Va & Ga 1st g 5s.1956 Ed El 111 N Y 1st cons g 5s_ —1995 Electric Auto Lite conv deb 4s__1952 _ 21,000 El Paso & S W 1st & ref 5s 5s stamped Alst consol gen lien AConv g 4s Series A 1,106,000 11,000 57,000 11,000 13", 660 4s conv 4s Series D__ D 40 D 22 98 impt gold 5s ser 19271967 *ARef & impt 5s series 1930-.1975 AErie & Jersey 1st s f 6s 1955 AGenesee Riv RR 1st s f 6s 1957 aN Y & Erie RR ext 1st 4s 1947 * A3d mtge 4Ms 1938 Ernesto Breda Co 1st mtge 7s 1954 1956 1,000 Gas & Elec (Bergen Co) 5s 1949 87,000 Gen Amer Investors deb 5s ser A 1952 127,000 General Cable 1st s f g 5Ms A 1947 6,000 AGeneral Elec (German) 7s_ 1945 ADebenture 6)3s 1940 aS f deb g 6s "3",066 1948 General Motors Acceptance Corp— 15-year debenture3Ms 143,000 1951 262,000 Gen Steel Castings 1st 5)3s w w.1949 2,000 |AGa & Ala 1st cons 5s Oct. 1945 9,000 I*AGeorgia Caro & Nor 6s 1934 AGood Hope Steel & Iron sec 7s. 1945 209,000 1,037,000 650,000 207,000 61", 660 "9",660 9,000 Sale 4M 6M Sale 5M Sale 2M 154 2 1M 5M Sale 4M 53-3 533 133 133 4 27 11 5633 May 1 10854 May 7 104 May 18 10933 May 16 933 May 854 May 233 May 2 33 May 633 May 3933 May May May 10633 Feb. 533 May 533 May 133 May 1 33 May 4 May 107 J4 May May May May May May 7 29 10554 Apr. P5 21 10754 Apr 15 . 22 10454 Apr "i 31 10533 May 23 31 Apr. 8 22 40 Apr. 1 14 46 Jan 4 17 35 Mar. 29 63 34 Jan. 3 108 109 Jan. 6 104 106 Jan. 6 10933 1153 1154 3 34 2)3 May 16 Apr. 3 4M 133 Sale Prices 101 ias May 21 10233 Feb. 104 May 28 11053 Jan. , 393-3 May May May 106 Sale Prices- 1100 94 May 17 10553 Jan. 10233 Apr. 104 May 9933 May 101 May 22 May 24 May 40 May 31 May 104 1 Highest 18 10354 May 21 106 33 May 22 104 34 May 31 105 M May 23 2933 May May 22 39 44 May 14 17 32 H May 10 108 102 M 6M Grand R & I 106M 13 M Sale 17 M Sale J J J D 109 A O Feb. Apr. Jan. 4 24 4 8 1 Jan. Apr. 9 5 MarJ 1 50 MN J F 108)3 59 M Gulf Mob & Nor 1st 5Ms ser 1st mtge gold 5s series C Gulf & Ship Island 5s Sale" Sale 106M 100®32 23 Sale 19 M 14 Sale 14 M "I4M Sale J J 55 62 Sale J J 53 33 49 68 M 13 9M 9M 4533 Sale M 55 A D M S M S 103 M S 104 J D A O J J J D M S Sale 10433 104 M 102 104M Sale 53 Sale 48 6M 5)3 70 1940 MJV B.1950 A O 1950 A O 434 433 10334 6934 14'" 2033 Sale Sale 9034 7334 58 8 72 Sale Sale Sale 64 9 85 Sale Sale 99 Sale 1999 J J O 78 46 — Sale 97 33 72 108 10034 9333 86 8633 10434 9553 7834 6134 6 May May May May 102 Sale Sale 98 33 Jan. 2 59 Jan. 3 Sale 100 Sale 100 1 8733 May 10733 May 8 May 15 102 May 3 104)4 May 3 104)4 May 2 103 33 May 13 3 104)3 May May May May May 100 103 50 56 Feb. 8 28 17 28 15 63 33 May 28)4 Apr. 26 26 Apr. Apr. 2534 Jan. 18 3 15 15 15 15 Jan. 3 18 Jan. 3 64 Apr. 15 Apr. 26 Apr. 18 70 Feb. 60 100 98 May 24 May 22 108 May 22 105 102 Mar. 26 102 100 May May 106 100 8 94 Mar. 28 Jan. 6 Feb. 9 Mar. 26 28 104 34 Feb. 8 21 104 33 Mar. 15 100 4 May 16 10434 Apr. Mar. 28 May 14 107 Feb. 1 1 46)3 Feb. 48 Apr. 17 May 17 55 3 853 Jan. 4)4 May 21 3 833 Jan. 3)3 May 22 103 4633 48 533 May 17 434 May 21 333 May 22 3 53 233 May Sale 28 21 24 25 92 104 May 233 2 134 2 153 101 10233 101 44 4933 49 7 53 May 1 6 33 May 6 May 9 3 ... 15 12 10433 10333 Sale 57 9 1633 1033 Sale 25 12 101 78 8934 Sale 1 May 27 3 233 May May 27 May May 4 3 8 28)4 May 1 28)3 May 10434 103)3 May 14 104 6833 5554 May 24 73 15 14 May 10 14 2033 15 May 16 20)3 1 May 15 May 10 May 10 May 1 25 Sale 10033 99 54 24 33 100)3 May 15 105)3 May 80 May 21 89 May 2633 Jan. 23 63 May 24 124)3 May 16 105 105 May 28)4 Jan. Apr. 34)3 29 53 Jan. 103 33 May 14 107 55)4 May 24 73 14 Mar. 28 ,15 May 16 1833 Jan. 2 14 May 10 Jan. 19 Jan. 5 May 3 Apr. 3 Apr. 20 Apr. 6 Jan. 10 May 10 Mar. 28 22 33 Mar. 22 Apr. 1 6 100)3 May 15 105)3 Jan. 80 May 21 9154 Jan. 104)3 May 22 104)3 May 22 8753 10333 90 Sale "7733 80 6153 76 10853 105 Sale 9433 8733 9433 Sale 104 H May 22 104)4 Feb. 80 Jan. 9 80 Jan. 76 May 29 61)3 May 28 Sale 105 Sale 94 Sale Sale 7834 7834 9634 Sale Sale Sale 89 Sale Sale 70 7133 6134 434 May May 87 May 77 May 76 May 9433 May 88)3 May 70 May 8633 May 2 73-33 May 9 10854 May 3 10233 May 9 95)3 May 10 88 May 2 88 May 9 105 May 3 9654 May 3 80 May 9 64 7 ..... Sale 633 2 53 May 21 80 80 75 71 99 Sale May 17 May 17 6 May 2 8633 May 8254 May 96)4 May 23 10354 May 106)3 May 31 11153 May 4 7 12 Sale 88 Sale 9834 76 May 29 61)3 May 28 12 5 5 10 May May May May 7 1 1 1 20 9 23 3 May 31 108 54 May 3 9 May 28 102 33 May 95)3 May 10 88 77 May 2 88 76 Apr. 26 Apr. 30 9433 May 28 105 Jan. 16 88 96)4 May 3 70 May 9 May 25 80 94 87 May 22 May 23 May 22 Jan. 12 58 Jan. 8)3 Jan. 253 May 21 100)3 Apr. 22 100)3 Apr. 80 8754 Feb. May 17 71 8354 Jan. May 17 9033 Mar. 9033 Mar. 14 1 103 54 May Feb. 96 106)3 May 31 11133 May 21 Sale 11533 May 29 122)3 70 7233 May 24 77 4134 4033 May 28 54 Sale 9633 May 28 101 96 33 Feb. 88 Apr. 105 58 64 Sale 12133 12234 11533 77 Sale 6953 54 49 30 ... 2733 2 29 85 75 8633 8233 8134 8533 8533 10234 Sale 9634 11033 111 10633 19 119 1944 A 60 Sale 44)4 May 18 May 14 May 14 May 853 May 9 May 47 May 5333 Jan. 1553 May 15 34 May 63 May 70 May 9253 May May 9234 May 10633 106 100 3 9 6 1 97 "86"" 8234 8534 10833 25 6333 May 2833 May 23 34 May 23 May --- 10433 10533 10533 9933 Sale 89 9034 8133 Sale 8233 Sale 103 21 24 57 97 2 78 J Feb 233 3 80 84 60 Sale 19 104 M 56 . May 22 Apr. 8 2733 2834 105 88 A 51 100)3 Sale 25 10633 May 17 10733 May 6 9033 Mar. 14 95 May. 9 Feb " 8 149)3 Apr. 6 104 MarJ 11 May 15 110 141 24 ' 10554 Sale 91M 93 18M D 17 17 10853 May 8 12 Jan. 13 303s Apr. 11 106)3 May 21 109 33 Jan. 2 May 104 104 13 4 10533 May 121 104 15 11 May 24 101 Sale Sale 19M Jan. 10733 May 121 11234 May 24 121 Sale 10134 10333 10033 May 16 104 9934 100 10534 9954 May 15 105 40 12 25 May 10 28 53 F 106M 69 M 4033 Mar. 12 25)3 Apr. 12 101 May 24 2)3 Jan. 18 4 2)3 Jan. 133 May 22 1 100>7jiJan. 24 101 May J MN 20 Feb. May 22 May 2 May 1 May 10 125 101M 24 M Sale 27 M 35 2453 40 2 17 113 May 24 2)3 May 22 2)3 May 1 101 May 18 63 122 J 6M 233 233 233 101 5934 J J Sale 8 2 MN J 104 30 3)3 2M 2)3 10054 103M 48 M 53 M J Sale 55 Sale 47 9433 100 40 Sale MJV 95 51 8M 61M 50 106 103 M 104 M 10454 101M 103 53 8 3 2 18 10033 10334 100 104 M 104 M 28 853 May 9 May Sale 104 53 10554 43 33 Sale Sale 4433 May 18 May 14 May 14 May Sale 102)3 i02M 8 MJV 87 M 107 M 103 M 102 98 107M 108 103 53 101 Sale 15M Sale 24 M Sale 60 92' 92 M 75 M 90 75 F 10533 May 17 10853 May 18 M 1333 May 28 27 May Sale 10633 May 21 10733 May 11033 Jan. 11153 Jan. 100 Sale 15 M S Sale Sale 27 Sale J 1 4 107 94 May 10934 May 10853 May 4033 Mar. 25 Apr. 88 May 10533 Feb. 166" 17 54 36,000 J*iHousatonic RR con g 5s.1937 M N 173,000 Houston Oil 4 Ms debs 1954 MN Sale 100 8 82 Sale 15 30. 15 H O J see jage Sale A M S 95 34 8833 May 25 99 May 10654 105M 107M 10634 May 2 10733 May Sale MN 45 34 M 70 23 i7M 1949 J For footnotes 40 35 24 M stpd 1952 J J 187",000 Gulf States St'l 1st mtge 4Ms_.1961 A O 143,000 Gulf States Util 3M8 series D 1969 MN AHarpen Mining 6s 28,000 Hock Val lstcong4Ms 17,000 Hoe (R) & Co 1st mtge 107 M 19 MN 1950 J 4s 48 Sale S. 105 106)3 10633 May 17 10753 May 6 93 M "95"" 9153 92 M 9153 May 29 95 May 9 149— 136'M" 147— 149 May 14 149^ — May 14 Sale 109 106 Sale 104 May 15 109 May 1 56 59 59 51 51 May 22 55 May 13 55 95 M 95 M 57 95M 101M 101M 10154 54 53 24 33 Sale" 23 M Sale 1st & refund 4Ms series A....1961 J Gen mtge 5Ms series B 1952 J Gen mtge 5s series C 1973 J Gen 4 Ms series D 1976 J Gen 4Mb series E 1977 J Gen mtge 4s series G 1946 J Gen mtge 4s series H 1946 J Gen mtge 3 Ms series 1 1967 J AGreen Bay & West deb ctfs A Feb gu g 26 140" J 10854 108 M Sale 10734 May 21 10833 May 10 Sale 10933 110M 10933 May 22 110)4 May 1 108 M Sale Sale May 22 112 May 8 108M 109 M 106 10554 106M 91 91M F Greenbrier Ry 1st 40 25 99 106 54 53 35 M' 100 O 1st gu g 4Ms 1941 J J Grays Point Term 1st gu g 5s___ 1947 J D Gt Cons El Pow (Japan) 7s 1944 Alncome debenture ctfs B M A ex 1st & gen s f g 6Ms_.._ Great Northern Ry— 108 110M 111M 105)3 107 M J 257,000 340,000 169,000 163,000 Sale 104 Sale Sale 3 2M Saie 2 Sale 102M May 10454 105 104 May 99 M 101M 99M May Sale 101 101 May 22 M Sale 22 May 31 26 M 24 May 28 M 39M 40 May 30 21 31 May 40 M I Sale Prices Prices 100 34 May 17 102 May 101'32 May 21 101M May 104 May 28 108M May 108 50 D 480,000 Goodrich (B F) Co 1st M 4Ms..l95f J D 14,000 Gotham Silk Hosiery deb 5s w w_ 1946 M S Gouv & Oswegatchie 1st 5s 1942 24,000 9M 854 253 4 J 1953 A 1953 A *iRef & J Fairbanks Morse deb 4s 10,006 Sale ... 107 M Sale 110 AfN 1965 A 1965 A 71,000 16,000 ederal Lt & Tr 1st s f. 5s 1942 5s International series 1,000 1942 First lien s f 5s stamped 15,000 1942 1st lien s f 6s stamped 40,000 1942 6,000 30-year deb 6s series B 1954 442,000 Firestone Tire & Rubber 3MS--1948 liFla Cent & Peninsular 5s .1943 42",660 tFla East Coast 1st 4 Ms 1959 Alst & ref 5s series A 583,000 1974 ACertificates of deposit 36,000 *t AFonda Johns & Glov ref 4 Ms 1952 Proof of claim filed by owner 30,000 *A(Amended) 1st cons 2-4s 1982 Proof of claim filed by owner 5,000 ACertificates of deposit 7,000 2,000 Fort St U D Co 1st g 4Ms 1941 59,000 Francisco Sugar coll trust 6s 1956 "i",66o 104 110)3 Sale 11053 113 J 1996 J 1953 A a4s series B AGen 1,076,666 3M 4953 J Erie & Pittsb gen gu g 3 Ms ser B 1940 J Series C 3 Ms 1940 J 153,000 t AErie RR 1st con & prior lien 4s 1996 J 688,000 139,000 80,000 56 M Sale 110 106 105; Sale 108; 9M Sale 9 10M 254 Sale 254 3 6M Sale Sale Lowest Edison— Detroit & Mack 1st lien g 4s 1995 ASecond gold 4s * 1995 35,000 Detroit, Term & Tun 1st gu 4 Ms 1961 35,000 Dow Chemical deb 3s 1951 Duluth Missabe & Iron Range 62,000 Ry 3 Ms 1962 72,000 1* aDuI So Shore & Atlantic g 5s. 1937 377,000 Duquesne Light 1st M 3Ms 1965 47,000 55,000 3,000 204,000 F 62 M 109 Ask 102 104 M 103 M RANGE SINCE JAN. Highest Lowest Apr. 11533 May 70 May 4033 May 9633 May 21)4 25 29 123 80 24 28 55)3 28 101 12 24 22 23 6 14 4 7 Feb. 27 Feb. 23 Jan. t3 Apr. J3 May Jl N. Y. STOCK 1940] , EXCHANGE—BONDS PRICES Price kiles Ma BONDS Vali N. Y. STOCK EXCHANGE ST* IN MAY Jan. 2, 1 May 1940 Lowest Highest Sale Prices Sale Prices May 31 ~ Bid Ask 246, 6, 228, 340, 124, ~7~ Hudson Coal 1st Hudson a 10, 957 1st gold --- 51, Refunding 5s 40-year 4%s Cairo Bridge gold 4s 677, 1, 43 % Sale 955 M N 3s sterling Collateral trust gold 4s. Refunding 4s Purchased lines 1st 3 %s Coll trust gold 4s 44, 2, 143, Sale 112% J 952 J 953 MN Extended 1st g 3%s 20" Sale 970 951 951 951 951 M S 952 A O 955 MiV Adjust income 5s .Feb %s ser B Illinois Bell Telep 3 Illinois Central 1st g 4s 1st gold 3%s Sale A Sale 966 F 91 26% 119% 39% 10% 109% Sale Sale Sale Sale Sale 124 Sale Sale 46% 48% Sale Sale 53% Sale '61% 70 951 63 St Lou Div & Term g 3s Gold 3%s.__ 951 57 % 60 Springf Div 1st g3 %s Western Lines 1st g4s 951 951 45, 62% 50% 50 47 59% 5, JAlndianapolUnion Ry— gu 4s. ndianapolis & Louisv 1st 1 B Ref & imnt mtge 3 %s ser ------ 19 95 950 J W 1st 4s.. 15% 55 956 J ATnd Bloomington & Indiana III & Iowa 1st gold 4s._ Sale Sale 47 % 45 9401A Allseder Steel Corp 6s. * 12" 10 100% 61 13% 49 986 M S 102% 60% 13 h Sale 74% ..... 105 Sale P7444 — 44% Sale 948 J J 952 A O 966 J J 322, t Alnterboro R T 1st & ref 5s ^Certificates of deposit * 110-ye.ir 6"%^ notes ACertificates of deposit * a 10-year 7 % notes. .. a Certificates of deposit 150, Interlake Iron conv deb 4s 947 A 89 170, Internat Gt Nor 1st 6s A a Adj mtge 6s series A.July 1 a 1st mtge gold 5s series B A 1st gold 5s series C.. Internat Hydro El deb 6s — Int MercvMarine 1st s f 6s Intern Paper conv 5s series A — Refunding 6s series A Int Rys of Cent Amer 1st 5s B — 952 J 16% 1% Sale Sale Sale Sale 956 14 Sale 956 J 14 Sale 9% 106, 22, 195, 246, 82, 47 459 199, 309 403, 23 22 756, 972 31 22 85, 6, 335, 32 62, 4%s— — . , a Sale 38 29% 72% "74" 31% 74% 73 — 30 932 MS Sale 952 \ 108, ~ 3 947 F 952 J A J 955 F First lien & ref 6,4 s. Internat T & T deb g A *43 % 951 M S 1% 972 MN - 4%s Deb gold 5s t Alowa Central Ry 1st & ref 4s__ James Franklin & Cleart 1st 4s__ D 959 J St'l 1st M 4%s 961 M S Kanawha & Mich 1st gu g 4s.... 990 AO J* aIv C Ft S & M ref g 4s. a Ctfs of dep (Bankers Trust) Kan City South 1st g 3s. 936 A Jones & Laughlin O 950 AO 950 J J Kan City 960 J T 980 J D Ref & Imp 5s April . Term 1st 4s 1st mtge 4 %s Karstadt (Rudolph) Inc— a Ctfs w w stod (par $645)--a Ctfs w wstpd (par $925) a With warrants (par $925) Keith Corp (B F) 1st ser g 6s Kentucky Central 1st gu 4s Kentucky & Ind Term 1st 4%s.. 28, 2 184" 7 9 Kings Co Lighting 1st 1st & ref 6%s 35 "10 3 27 3 5 17 84 17 16 "2 249 4 a i 4 %s asse i Gen co isol >s c »n> 3 . . 85 85 82 % 26 Sale 27% Sale 1 1% 40 43% 94 93 % - 1 38 93 56 50 Sale 105 100 May 24 103 % May 106% 50 25 10 10 Sale 100 102 % 103 104 106% 50 92% "20"" 75 83 % 90 165 % 167 100 % 147 171 O A 156% Sale 89 87% Sale J 106% 90% 106% 108 % 104% Sale 105% 2% Sale 4% O 84% J 86% 106% Sale 82% 83 47 Sale Sale 47 Sale Sale Sale 4 % 86 86 86% 107 % 102 5 85 45% 43% 102 "91" Sale 80 83% . A 39 44 42 A 40 45 41 78% 82% 82% 71% 74 90 86 75 80 997 81% 975 37 J 36% 50% Sale 954 Sale 54 % 954 J 48 Sale 52% 965 A O 945 M S 39% Sale 54 87% 86 34% 3% May 15 80% May 21 80 " May 22 38 38 37 40 80% 93 Sale 28 Sale 42 May 28 May 24 38% May 44% Sale 84% 33% 42% May 28 53% May 9 1 8 32% May 13 34% May 2 23 10 25 29 1 13 14 22 29 8 21 22 21 22 28 22 22 25 39 38 27 24 29 20 % 24 27% 20% 29% 24 20,% 30 26% 29% 24% 20% 25 30 24 29% 20 % 29% 24% 24% Sale 24 24% 21% 24 24 J"J 52 50 48% J 940 J J 43% 43% 43% — - _ 51 - 37 30 37 30% 30% 38 48 50% 40% 17 Sale 19 17 Sale 49% 49% "60 O 1955 1944 J O 12 A A O 71 dquid Carbonic 4 conv debs . 1947 ttle Miami gen 4s series A 1962 *ew'8 Inc s f deb > 4>s .1946 imbard Elec 7s seri sA 1952 >ne Star Gas 3%* debs 1953 Lx>ng Dock Co 3% ext to. ...1950 J D 16 11% 12% Sale 12 % 15% 13% Sale 14% Sale 14% Sale 40 120% 127"" 127% 129% 130% 100 97 107% 109% 30 9 11% 9% 9 11 9% 9 % 12 11 % 17 8% 10% 11% 10% 9 9% 45 J 117 50 50% 14% 14% 15% 1965 A Sale 39% Sale O 50 36 Sale O 50 50 30 15 A 70 Sale 41% 15 1941 A 53 23 23 40% Sale 2003 MN 2003 MN F For footnotes, see cage 30. — May May 28 29 26% 87 1 7 10 45 35 ... 10 8 9 71% May 30 974 FA 974 21 28 27 20 May 31 May 10 79 % May 21 17 30 Sale 3 15 10 11 2 91 26% .. May 71 85% 9 3% May 83 May 84 May 47 % May 47 May 43 May 43 May Sale A \ May May May May May 14 104% May 22 91% May 10 106 May 6 100% May 21 106 A F 75 166% May May May May 105% May 84 44 37% 40 18 94 71 35% 37 May 157 103 50% 88% 32 86% 30% 70 37 38 94 85 5 78% 86 80 % 83 38% Sale 42% 50% 1941 . 4 92% A deb 4%s.. May May May May May May Sale 25 60 20)3 MN - 28 86 31 37 28 35 28 65% 21 66% 23 108% May 13 May 6 May 1 May 9 May—9 May 9 May May May May May May May May May May May May May May May May May May May 51 85 25 Sale 65 2003 MN 5s 9 May 13 104 May 29 105% May 28 100 May 21 80 4-8 0"— May-24 May 21 38% May 21 32% May 21 76% May 21 76% May 21 88 12 May 21 1% May 15 11% May 21 May 24 11% May 28 68% May 31 75% May 23 103% May 28 103% May 22 92% May 23 98% May 22 36% May 22 39% May 21 1% May 22 53% May 18 95% 55 Sale 83 85 2003 MN d 10 May May May May May May May 87% 25 90 2003 MN ... bby McNeil & Libby 4s ggett & Myers T >bacco 7s 22 21% 25 92% 1951 3 85 83 1952 180 99 80 93% 83% 940 J 5s 5s debenture- 109 53% 90 % 80 80"' 943 954 FA 5s as^ente 1.. Oil Ref conv 7% 7% 37 % Sale 87 964 . J Leh Va 1 Ter Ry is- gu g 5s assented. Lex & E ist 1st gu " 8 964 1.. Gen 81 224 Sale 87% 89% 943 theh V (N Y) 1st gu g 4 %s 443s as^en ed %k Leh Vai (Pa) g n con g4s a 78 954 F 954 F 5s... refun assent > 67 93 82 on 104 Sale 54 99% Sale 80 944 a6s stamped a 40 Sale Sale J 947 ASec 6% notes extend to 53 Sale Sale 942 F a5s stampe 1 105 6% 6% J "90% 941 Leh Vail Harbor Term 1st 67 1 10% 10% 942 F B.... Western RR—• ended at 3% to 89 1 % J 960 ing 5s a5s stamped AFirst & re nking fund 5s. 220 72 71% Sale 79% Sale .8% 9% 106% 942 a5s stamped a is 71 88 Sale 101% 953 trust 6s series 1st & refunding v\ ----- J 939 A a5s sta npe i. st 39 32% Sale Sale 85 86 35% Sale 34 % Sale 65 Sale 66 Sale 107% Sale 959 M S —. a 100 85 98% Sale Sale 1% 1% 53 % 54 95% 95% 951 MN Soug3%s.. Lautaro Nitrate Co Ltd— a 1st mt a income reg. Dec 31 Lehigh Coal v- Nav 4 Josser A... Cons sink fund 4%s ser C I-ehigh & N Eng RR 4s A Lehigh & N >" 1st gu g 4s. Lehigh Valley Coal— 13 19 & 5s 1937 e c a 99% 101 70 75% Sale 75 % Sade- -7029 30% 35 30% 29% 32 J 954 J 5s...... May 13 % 14 8% May 24 11% 104 11 l04~~ 60 105 7 11 24 954 J 2d gold 5 Lake Shore <$r Mich 20 3 25 949 F 5 %s series C ref e 5 4s ser D Collatera 25 1 8 997 A Coll tr 6< series A 13 108% Sale 103% 104% May 8% 961 re Lake Erie 70 Sale 56 99% ... 14% 961 ref 5s 1 1 60 May 21 May 21 987 J t Ivreuger & Toll class A— a 5s Uni orin ctfs of deposit.. * a Laclede Gas I J. ref ext, 5s Col 138 88% 31 29% Sale 30 946 M S 4s series A. 42 138 68 % 65 8 Certificates of deposit Koppers C 6 56 41 961 Ref & ext mtge 6 29% 33 35 12 961 Coll & 15 92% 98% 36% 39% 1% 94% 943 unguaranteed Kings Co Elec Lt & Pow 6s Kings Co Elevated 1st g 4s 88, 9 102 Sale 943 913 Stamped 66 22 68% 75% Sale ..... 75 86 103 Sale 53 28 . Plain 7, Sale 102% Sale 97% Sale 84 81% 96% Sale 41% Sale 947 J 955 M S 4 %s 7-, Sale 68 941 A — 174 90% 73 944 A - H Kansas Gas & El 136, - 932 AO _ t „. Sale 32 100% 63 1 % 10 213, 350. Industrial Rayon 36 . ----- 11 30, May 47 % May 44 % May 6 May 69% 105% 107 105 105% 99% Sale 78% Sale -78-%—Sale inspiration Consol Copper 4s._. 123, 56 55% 70 55 57 948 -- 65 75 963 963 — 35 76 58"" 64 Ill Cent & Chic St L & N O— Joint 1st & ref 5s ser A 34 40% 59% 76 951 4%s series C 37 31% Sale 65 60 May May May May May May 73 May 58 % May 22 46% 48% 41 % 45% 53 % 43% 32% May 23 May 22 34% May 27 32% May 24 40 May 23 28% May 21 73 May 8 58 % May 22 45% 42 42% 77% 60 May 22 86% May 4 85 May 27 May 6 83 86 33% 34% 33% 32% Sale 85 951 6 1 6 2 1 May 22 32 21 126% May May 21 48 22 13% May May 22 112 40 Sale 40 45% 52% 42% 953 153 May May May 9% May 108% May 38 90 40 68 Sale 950 400 22 124 Sale 83 Omaha Div 1st gs3s._ "2" Sale Ask 83 Litchfield Div 1st g 3s Louisv Div & Termg3%s_._ 2, 30% 126% 47% 13% 111% 87% 34 D 949 M N 957 F A 962 J f 5s series A.. 8 County Gas 1st 5s Hudson & Manhat 1st & ref 5s A Ask Bid 50 30 48% 30 8% 8% May 21 28 % May 8 28% May 7 23 May 29 28% May 6 24% May 13 27 % May 7 50 May 22 53 May 1 41 May 10 30 May 21 39% May 6 13 % May 13 May 13 % May 14% May 14% May 14% May 47 45 . May May May May May May May May May May May May May May May May May May 54 % May 47% 115 116 115 103% 103% 100% Sale 122 Sale 126% Sale 129 130% 121% Sale 92% Sale 97% Sale 105 107% 106% Sale 115 100 May May 121 % May 120% May 90 May 105 May 2 115 21 22 23 23 2 May 2 May 6 127 May 1 129% May 2 97% May 10 106 % May 31 104 MJV F A 102% J D 66 F A 108 A O 72% Sale 75 Sale 104% 69 107% 67% Sale Sale Sale 100% May 15 104% 52 May 24 69 105 May 22 108 65 May 20 65 May May May r May 20 26 N. Y. STOCK EXCHANGE—BONDS BONDS Value n. Y. stock exchange Jan. 2, 1940 Sft. Bid $ . Louisville & Nashville RR— 107,000 1st & ref 5s series B 212,000 1st & ref 434s series C 29,000 129,000 22,000 1,000 Sale Sale A M S M 5 J J MN Sale 83 Sale "77*54 105 7 10634 f deb 5s_ .1951 MN 10734 Sale *iMcKesson& Robbins deb534sl950 MN D 7634 1,000 2,000 325,000 14,000 35,000 69,000 166,000 738,000 15,000 29,000 McCrory Stores Corp s F A Maine Central RR 4s series A—1945 J Gen mtge 4 34s series A 1960 J D Feb 1 1957 MN J a Manhattan Ry (N Y) con g 4sl990 A O a Certificates of deposit Manati Sugar 4s s f a D 2013 J 2s 4s ACertificates of deposit Manila El Ry & Lt 1st 5s ...1953 M S Manila RR South Lines 1st 4s—1959 MN J 5,000 tAMan G B & NW 1st gu 334s.-1941 J 1947 A O 21,000 Marion Steam Shovel s r g 6s Stamped 3,000 42,000 *iMarket Street Ry 1st 7s_Apr 1940 Q J ACertificates of deposit 13,000 (Stpd mod) 5% ext to 1945 Q A -.1955 ■M-S 38", 000 Mead Corp. 1st. mtge AMsu 78 52 Sale 4034 Sale 7834 Sale 79 Sale 4234 4134 Sale 44 86 50 "8334 15 "76"" 68 "•5534 112 O *82 "ilooo J 73,000 8,000 3,000 39,000 Mil Spar & N W 1st gu 4s 1947 AMilw & State Line 1st gu '3 Mb 1941 AMinn & St Louis 5s ctfs 1934 a 1st & refund gold 4s 1949 a 35~666 19,000 a Ref & ext series 5s A 1962 1,000 176,000 t* AM St P & S S M 4s stpd guar.1938 * Alst cons 5s 1938 36,000 *Alst cons 5s grd as to int 1938 79,000 A 1st & ref 6s series A 1946 25,000 a 25-year g 5 Mb 1949 30,000 Alst ref 534s series B 1978 7,000 37,000 1 AMissouri-Illinois RR 5s ser A_ .1959 1990 232,000 Mo Kan & Tex 1st g 4s Missouri-Kansas-Texas RR— 459,000 93,000 70,000 158,000 MN J J D D 49 7i> 1962 - 1st mtge 4Mb 6s debentures ^ 60 77 60 7 54 Sale 12' Sale 94 Sale 28 4834 5334 2654 1434 634 154 234 534 5 35 834 90 May 31 97 May 22 May 24 56 2354 1434 18 3734 May 21 2334 May 14 8 May 25 5 2 334 354 4 134 234 354 334 354 134 4 Sale 6034 6634 70 27 2834 1 154 M S 3 54 1954 1834 254 1954 1834 Feb. 21 1534 Aprl 19 1041132 Apr. 81 May 7034 May 39 May 32 May 76 May 76 May 39 May 4234 Jan. 8 2 10754 Feb. Apr. 101 81 Jan. 12 5534 Jan. Apr. 83 54 May 84 May 53 Apr. 46 54 Apr. 46 19 23 8 9 26 11 1534 May 18 6434 Jan. 11 72 May 27 5234 Jan. 4 50 May 21 22 Apr. 4 Apr. 30 Apr. 30 81 81 83 Mar. 20 72 Mar. 8 1854 May 1 94 1 11034 May 23 11234 Jan. 40 Feb. May 23 90 534 May 22 734 May 34 Mar. 28 34 Mar. 18 54 Jan. 17 1854 Jan. 9 . 21 27 28 17 May 90 May 31 9434 Mar. 29 6654 May 22 104 34 954 Jan. 15 30 97 104 34 May 29 May 52 3734 May 21 22 54 Feb. 28 8 May 25 May 26 May 1454 May Feb. 23 Jan. 3 May 8 Mar. 14 52 May 32 Jan. 7 20 1634 Apr. 1434 Sale 5 Sale 2 34 Sale 1 30 50 ,50 55 63 22 Sale 55 20 1034 834 734 334 Sale 1534 1234 154 1334 1234 13 34 1234 Sale 1534 1034 4 May May May May May May May May May May May 734 May 8 May 834 May 334 May 15 13 2 23 28 24 17 20 17 21 21 21 23 23 14 654 234 234 554 534 634 May 10 May 20 May 2 May May May 2 May 134 May 5534 May 67 May 29 May 1534 1334 14 34 554 5 May 15 134 May 13 8 8M Apr. 4 1 Jan. 3 54 May 3 34 May 3 54 May 134 May 1 May 50 May 55 May 20 "May 22 23 28 24 17 20 17 21 21 7 34 May 21 8 May 23 834 May 23 334 May 14 May May May May 4 Jan. Apr. 24 4 Apr. 7 6 34 Mar. 8 7 H Apr. 234 Apr. 16 2 54 2 34 7 2 7 Mar. 5934 Feb. 28 74 Apr. 29 32 54 Mar. 20 19 34 Jan. 2 4 2 4 1554 Jan. 1654 Jan. 834 Jan. 1 MN MN MN A O F A —- Sale 1454 Sale 13 54—1434 1434 1354 2 34 Sale 1434 1434 13 54 14 54 Sale 1354 1534 Sale Sale Sale 1934 1934 19 1834 154 Sale" 1934 Sale 1834 1934 Sale 1834 78m Sale _ y~j 66 F A 22 34 Sale 21 M 5 2834 Sale 32 M S 3334 Sale 70 _ 22 34 1 1354 1234 1334 1234 Sale 3334 3134 Sale Sale 39 38 M S 59 53 MN 10534 106 13 10934 10934 11034 11134 '26" 2134 2734 2834 3334 10634 107 19 Sale Sale 134 12 54 12M 1234 1234 54 Sale 13 Sale Sale 12 34 Sale 1234 1234 7834 20 Sale 85 Sale 51 60 51 May 2334 2034 May 24 20 May Sale 20 May 25 Sale May Sale 24 May 53 5034 May 103 105 May Sale 10654 109 Sale 11034 11134 105 9754 Sale 10234 Sale 70 7534 72 "53"" 56 "4834 Sale Sale Sale 68 37 Sale Sale 1941 MN 101 A J 6734 42 105 May 27 11034 May 22 11134 9534 May 22 104 34 7154 May 29 7354 7034 39 Sale 44 13 May 21 14 Jan. 134 May 12 54 May 12 34 May 12 34 May 12)4 May 54 May 13 May 12)4 May 1234 May 1234 May 68 Jan. 4 24 21 21 28 21 17 21 21 22 29 15 20 May 2034 May 20 May 20 May 25 May 24 May 50)4 May 105 21 54 Apr. 4 2034 Mar. 28 4 2534 2034 3434 33 34 4134 4034 55 Jan. 3 Jan. Apr. Apr. Apr. Apr. Jan. Apr. Mar. 28 21 54 Apr. 4 2134 Apr. 3 79 May 1 2134 2134 2154 2134 2 34 2154 2034 107 Apr. May Apr. Apr. Apr. Apr. 8 25 Mar. Jan. May 27 11054 Feb. 17 May 22 112 34 Apr. 13 9 9534 May 22 104 34 May 86 Jan. 17 7154 May 29 9 5554 Jan. 8 5634 Jan. May May 6 105 3 103 May 9 May 15 38 35 Sale 29 27 28 Sale 3254 Sale 2434 10934 10454 106 10434 119 11254 Sale 11254 10154 103 10134 10154 70 60 Sale 6754 101 52 54 34 Sale 5234 10254 10334 102 Sale 104 May May May May May May 65 6734 5234 101 49 Sale Sale 9934 100 May May May 102 May 10334 May 9934 May 23 43 May 1 21 3834 May 8 22 3254 May 1 24 10954 May 9 31 113 May 31 15 10154 May 15 17 1 21 18 21 24 68 May 14 May 11 5534 May 8 10254 May 3 107 May 1 10634 May 2 106 5634 Mar. May May 5634 Mar. 15 4734 Jan. 11 4434 Jan. 10 35 27 65 May 43 54 Jan. 4234 Jan. 102 May 10334 May 9934 May Jan. 4 109 54 Apr. 120 Feb. 18 10154 Jan. 24 34 May 104 34 May 11254 May 10134 Jan. 3 39 17 6 70 54 Jan. 25 May 11 5534 Apr. 8 18 102 54 May 3 21 10754 Feb. 14 24 106 34 Apr. 8 106 _ 1 1977 1977 O (J 54 34 34 34 O 4s April 1914 coupon off 1951 A O a Assent warr & rets No 4 onl951 A O National Steel 1st M 3s .1965 A O 378,000 Nat Supply 1st mtge 3 54s 1954 J D a 1954 MN 1948 J D 102 34 34 54 54 5 134 134 3 73 124 J 35 134 May 8 154 May 60 Sale 104 54 105 10454 Sale 69 - — 12434 42 4134 4454 10134 Sale 10034 May 15 10534 May 10234 10234 102 May 14 10534 May 60 67 11854 121 3254 34 3254 ' 42 120 May 24 120 May 24 May 13 43 May 13 3134 May 24 4334 May 7 42 Apr. 30 54 Apr. 26 54 Jan. 19 54 34 Jan. 25 54 Apr. 30 8 34 Sale 68 3334 ----- 34 123 J 54 34 Apr. 30 54 Apr. 26 34 Jan. 3 54 Apr. 26 34 Apr. 22 1 54 54 34 34 54 34 34 & rets No 4 on 1957 guarl945 J May May May May May May May 11 May 18 7034 3554 117 Sale 15 2334 3 2034 22 3234 26 22 39 21 23 3834 11 5034 22 106 103 109 3634 10854 116. 1934 May May 2 54 May 1 9 1934 May 9 1934 May 8 1934 May 18 May 11 1 154 May 1 1934 May 12 34 May 21 1934 May 1 1934 May 9 79 May 1 19 56 "43"" 6 24 21 21 28 21 17 21 21 22 29 1 79 56 21 56 79 51 1955 MN 1968 J D 1947 MN May May May May May May May May May May May May May 20 110 100 13 65 2334 40 1945 9 9 107 19 61 34 5 134 55 4134 4s 1 60 2 107 Sale Sale 1934 Sale 5 1854 May 134 654 6 534 1955 MN a May 73 Sale 2 2000 4s April 1914 coupon on 2 83 May_20..10£34-Aiay„28J03-,~-May:2Q IIO34 May 23 11154 May 3 60 40 May 23 May 4 534 May 22 734 May 27 4 7 2 3 10634 Sale 30. 1934 May 1 May 1 7534 May 10 77 34 May 3 67 May 2 81 54 9834 1754 73 ..... Sale page 34 " 90 6734 Sale 10354 Sale see 18 22 27 21 21 46 82 m Jan. 2 11234 Mar. 27 18 6634 106 For footnotes, Sale 66 10434 cons 5s Sale 40 14J4 National Rys of Mexico— a 4mb Jan 1914 coupon on.1957 a 434s July 1914 coupon on.1957 a 434s July 1914 coupon off. 1957 5,000 t a New England RR a Cons guar 4s 36.000 1534 May May May 60 May 50 May 84 43 19 60 6 D J a Naugatuck RR 1st g 4s Newark Consol Gas 5s 8054 5334 4534 83 54 70 76 68 534 34 1854 National Dairy Prod deb 3 mb ww '51 MN Nat Distillers Products 334s 1949 M S April 1914 coupon off 21 27 23 21 21 21 14 72 68 1454 1354 a Assent warr & rets No 5 on 1977 A Nat RR of Mex prior lien 434s— * a Assent warr & rets No 4 on. 1926 A 10,000 a 4s April 1914 coupon on 1951 A 10",000 7534 Serv— a 133,000 1654 72 4234 10234 warr 1 2 May 7 May 3 May 1 May 8 May 9 May 24 May 9 7034 May 39 May 32 May 76 May 76 May 39 May 4334 May Feb. Feb. 7334 Jan. 10534 Feb. 1534 Apr. 80 11 70 A F Certificates of deposit National Acme 434s extended... 1946 J Assent 3134 Sale Sale Nashville Chat & St L 1st 4s A.. 1978 F Nassau Elec guar gold 4s stpd 1951 J a 79 May 9 7634 May 28 83 10654 May 15 10654 May 15 '8554 Sale 81 1955 „ 5254 44 34 "8834 1334 1434 i 1955 Constr M 43^s ser B Mountain States T & T 334s 58,000 Mutual Fuel Gas 1st gu 5s 42,000 Mutual Union Tel 5s_. 1,000 Sale 80 35 Sale Sale 834 1955 Gen & ref s f 5s ser D Sale 38 Sale 53 1454 1654 734 . Morris & Essex 1st gu 334s__ Constr M 5s ser A 75 Sale Prices 9434 May 1 28 95J4 May 9 29 9534 May 9 31 12634 Jan. 24 23 12934 Mar. 25 28 86 54 Apr. 4 Jan. 2 29 110 20 11134 Mar. 9 9334 May 24 102 34 May 7 8434 May 22 9434 May 6 78 Jan. 26 May 29 88 76 83 54 May May 23 7 101 May 29 10434 Apr. 4 104 "3! May 104u32May 98 81 May May 22 Sale 46 Sale .1960 107,000 .1965 100,000 779,000 Montana Power 1st & ref 354s— 1966 Mont Tram 1st & ref 5s series A.1941 14,000 General & refunding 5s A 1955 Gen & ref 5s series B Gen & ref s f 434s ser C 55 15 1978 ACum adjust 5s series A Jan 1967 t AMissouri Pacific RR Co— 7634 86 Sale Sale Pr lien mtge 4 34s ser D 9334 May 24 10234 May 9434 May 8434 May 22 May May 29 87 83 76 8354 May May 23 101 103 May 29 10434 May May May 3 a79 7834 a79 7134 4154 3354 8034 Sale 1434 J May 87 May 12034 May 120 May 75 May 10754 May 10834 Jan. 78 10634 25 J 76 Sale 73 3034 554 a 15-4 Sale 2 54 634 Sale 534 554 634 634 3 254 134 Sale 55 5034 63 34 64 2954 Sale 87 112 75 49 Sale 89 106 "79" 4434 8554 3134 1934 Sale M S 74 81 15 Q J May May May May 128 May 8534 May 110 May 11034 May 1 Highest Sale Prices Jan. 10 94 34 9534 9534 12434 85 100 Sale 27 M S 18 28 29 31 23 28 29 23 Sale 79 "81" 8054 5234 4534 82 34 8234 D MN 84 104 "32 Sale M S J 9334 Sale ~ " 83 10434 7934 11134 7734 10654 J 40-year 4s series B Monongahela West Penn Pub 5,000 21,000 285,000 7,000 620,000 275,000 9134 Sale 74 6534 10134 Sale 934 1234 19 a Montgomery Div 1st g 5s 1947 22,000 ACertificates of deposit 5,000 a Refunding & Improv't 434s.l977 132,000 ACertificates of deposit : 35,000 * a Sec 5% notes 1938 236,000 ACertificates of deposit 77,000 Mohawk & Mai 1st gu g 4s 1991 3,000 12,000 Monongahela Ry 1st M 4s ser A I960 Sale Sale Sale 88 1962 _ 209,000 27,000 177,000 13 Prior lien 5s series A Alst & refund 5s series A 1965 292,000 a Certificates of deposit 5,000 AGeneral 4s .1975 518,000 a 1st & ref series F 1977 1,118,000 a Certificates of deposit 59,000 A 1st & ref g 5s ser G 1978 323,000 A Certificates of deposit 22,000 A Convertible gold 5 Ms 1949 234,000 a 1st ref gold 5s series H 1980 371,000 a Certificates of deposit 5,000 a 1st & ref 5s series I 1981 400,000 a Certificates of deposit 14,000 12,000 t*a Mo Pac 3d 7s ext at 4% July 1938 JMobile & Ohio RR— 7 S M S 10154 9334 8654 11134 11154 HI 8634 634 34 M 5 J Sale May May 87 May 12034 May 120 May 75 May 10754 May 10834 May 87 10054-10234110034 May 28 103 A 23,000 Sale ... 64 F 653",000 12034 50 5134 A M 87 Sale 92 Lowest Sale Prices Sale Prices Ask 9154 87 54 73 M S D Sale 97 34 98,000 Metropolitan Edison 434s ser D-1968 18,000 Met Water, Sewer & Drain 534s_1950 43,000 *t AMet West Side Elev (Chic) 4s 1938 a Mex Internat 1st 4s asstd 1977 a Miag Mill Mach 1st s f g 7s—1956 Michigan Central RR— Jack L & S gold 334s 1951 1st gold 334s 1952 Ref & Imp 434s series C 1979 Michigan Consol Gas 1st M 4s__1963 t a Midland of N J 1st ext 5s 1940 X Milwaukee & Northern RR— * a 1st ext 4Mb 1939 * a Con ext 4Mb 1939 95 '8634 Sale 11034 11134 10834 110 Sale 1980 1945 South Ry joint Monon 4s 1952 Atl Knox & Cin div g 4s—___1955 ±Lower Austrian Hydro-El 6 34 si 944 Sale 12454 10034 1946 F Ask Bid 9434 9454 12734 12934 12034 123 Sale 77 8454 Sale 10954 Sale 10754 9254 8634 8154 10234 8234 11054 7534 --2003 A Bid Highest Lowest May 31 127 100 St Louis Div 2d gold 3s Mob & Montg 1st g 434S i5i~666 89 1 12734 2003 A 2003 A 1st & ref 3 Ms series E Paducah & Mem Div 4s 9134 Sale 2003 A 1st & ref 4s ser D May Ask 3,000 Long Island unified 4s. —-1949 M S I 89 Guar ref gold 4s. 189,000 8834 1949 M S 98,000 4s stamped 87M 1949 M S 60,000 Lorillard (P) Co deb 7s -1944 A O 126 5s debenture 20,000 1951 F A 12554 83 J 139,000 Louisiana & Ark 1st 5s series A_ 1969 J 20,000 Louisville Gas & Elec 3 34s 1966 M 5 110 23,000 Lou & Jeff Bridge gu g 4s 1945 M S 10754 RANGE SINCE JAN. PRICES IN MAY Price Sales in May 34 Feb. 10034 May May 70 Jan. Apr. 26 34 Apr. 29 134 May 8 54 Apr. 30 23 34 15 105 34 14 10534 71 19 120 May 24 124 54 36 Jan. 4 4334 43 34 3134 May 24 102 Apr. 15 Apr. 19 8 May * Jan. 11 Jan. 31 Apr. May 13 7 el I i, Sales 30-yr 5s A.1952 74 N J Junction RR gu 1st 4s N J Pow & Light 1st 4 js. 22 104 158 21 15 41 4 2 50 1 108 21 1 Ask Bid New England T & T 1st g 4J*s series B J D MN .1986 F A 1961 —--I960 1983 4**s ser A-1952 New OrleansP S 1st & ref 5s A.-1952 1st & ref 5s series B 1955 New Orleans Term 1st 4s guar. -1953 A O J*aN O Tex & Mex income 5s..l935 ACertificates of deposit-—----AFirst 5s series B —1954 A O ACertificates of deposit New Orleans Great Nor 5s ser A _ N O & N'eastern ref Alst mtge gold 5s series C ACertificates of deposit 1956 Alst 4**s series D ACertificates of 1956 deposit 1954 F A "70" W* 69 Sale It* 52** 105** 106 igSK 68?* 34?* 29** 156 627 248 219 196 116 6 277 763 101 19 59 98 35 74 25 129 62 58 45 6 1 20 5, 17" 26 20 16 441, 104, 85, 299, 111, 313, 45, 1 6, 32, 16, 21, 219, 94, 2, 84, 22, 50, 14" 331, 110 22 246 288, 92 18, 186, 200, 163, 195, "6" 13, 1998 Consol 4s series A -1946 2013 2013 10-year 3 54 s secured s f Ref & impt 4**s series A Ref & impt 5s series O Conv secured 3 **s — — 1997 N Y C & H R g mtge 3**s Debenture 4s of 1912 34** F A 61 A O 74 h Sale A O 55 Sale A O 60?* Sale 61 Sale 350, 307, ,476, 111, 149, 308, 1, 21, 160" 31 217 54, 51 84! 5 48 44 35 277 94 31 316 260 145 MN J A ^ aN Y & Greenwood Lake 4s 1947 3*s 1947 **8 1954 ANon-conv debenture 4s. -1955 ANon-conv debenture 4s_ 1956 AConvertible debenture 3 3*S-- 1966 AConvertible debenture 6s 1948 *ACollateral trust 6s 1940 a Debenture 4s --1957 Alst & ref 4 **s ser of 1927- - - -1967 t a Harlem R & Pt Ches 1st 4s. 1954 AN Y Ont & West 1st g 4s_ —1992 AGeneral 4s 1955 aN Y Prov & Boston gen 4s---1942 J Y & Putnam 1st con guar 4s__ 1993 T Y & Queens El Lt & Pr 3 J*8- -1965 l"ew York Railways CorpaN on-con v debenture ANon-conv debenture 3 ANon-conv debenture 3 - - Sale Sale O 16?* 16** 15 16 17*4 20 Sale Sale 3254 Sale 5?* Sale 18** Sale 62 60*4 53* Sale 2?4 354 MN M S J D 78 — — — •» 54 w 1093* J 105 J 9 A A 1946 J - - ------ D 1946 y~j M S A O MN F A MN A O A 1959 F Debenture 4s North Cent gen & ref 5s ser Gen & ref 4**s series A— iNorthern Ohio Ry— 5*4 5*4 38*| Sale A A A.. 1974 M S 1974 Sale 954 6** 9 42 110 1105* 86 803* 83 54 8854 4?* 4** 10954 11054 10854 10954 1033* 103** 12*4 Sale 11** 1949 F 1954 F North Amer Co deb 33*8Debenture 3?4® 54 36 Sale 20 56 May 104** May 104?* May 69 May 31 May 3 10 8 2 9 9 7 Sale 38 26 40 27?* 17*4 106M 30 38 74 Sale Sale 40?* 45 h. Sale Sale Sale 45 Sale 77?* 94** 60** Sale Sale 61** 57?* 69** 75 69** 54 57 Sale 50*4 Sale 43** Sale Sale ----- Sale Sale Sale 86 88 Sale^ Sale4 48** 56** 73 72 82*4 Sale Sale 69 101 _ 105 47*4 56** Sale 49 54 Sale 105** Sale 105 107 58 Sale 57 122?* 106 106*4 105** Sale 106** Sale M S 1053* 117 36 36 97 44 62 23*4 May 23 36** 31** May 14 31** May 21 38 May 16 35** 111 May 28 111 27 33 Sale Sale 12** 10134 52 34 May May May May May 44** May 74 May May 43 May 42** May 28 23 21 21 21 68?4 May 88 May 54** May 55 May 28 25 11 14 7 11 28 58 34 May 81 May 53*4 May 59*4 Ma# 58*4 May 7754 May 94 H May 38 24 11 45** May 21 38M May 21 73 May 24 82 May 22 66 May 28 65?* May May 86** May 87 May 83 May 56 _mz_ ilOJL_.May..27ll May 17^ 108*4 May "Bale" 105 Sale 13?* 17 99H 101H 56** Sale 37** May 8 May 10 May 11 May 24 May 24 May 11 ,38 ..... 43** 47 May May 104** May 105 May 46 • 2 24 56?* May 10 9 21 46** May 28 10954 May 9 4 28,110?* May 120?* May 29 125 May 10 115 May 29 117*4 May 4 11?* May 18 May 21 49 *4 May 21 13?* May 10 97 May 21 56** May 1 11 18 97 62 "75" 77** 89 90 58 80 75 99** 25 74 60 99** 19** 20** 10** 10** 10** 79 18 16?4 16?i 18 ** 18** 16?i 20 ?4 34?* 251H 20 22 11 19 11 19*4 11 15 14 13 13** Sale Sale 22 Sale Sale 3 Sale 13 58 3?* 13 34 Sale 3*4 Sale 1 ** 2** 75*4 "46" 33** "48" 45 109?* 110** 107** Sale 105 105H 108 105 ?4 106** 102 106** ?gs 10?4 54 110** 88*-* 91 5** 110 108 Sale Sale 14** Sale 59 Sale 90** 74 92 72 334 110** 107 34 107** Sale 103** Sale 16?* 16*4 76?* 125*4 101** 7*4 5** 8** 50** 106** 17*4 17** 78 Sale 98 9** 8?* 55** 119 106 106** 103?* 1025* 106*4 107 108?* Sale May 22 May 10 13 12** 1534 Sale 70** Sale 5?4 Sale 3 3?4 85** 11?* May 27 18 11 May 25 18?* 10 19 May 10 May 18** 12** May 2054 35 203* May 5*4 2J* May 12 21 May 58 May 72 3 May 6J* 3 1*4 May 85 85 May 45 47 May 107 May 11034 May 6 May 4 May 2 May 8 May 1 May 4 May 1 May 1 May 6 May 9 May 6 May 16 May 10 May 8 108** 105 May 21 107 May Sale 1003* May 23 106** May Sale May 22 107** May 213* May 15 29 May 10*4 May 14 10*4 May 8 Sale May 28 12** May 54** 523* May 20 573* May Sale 106 May 21 111 May 90** 78 78 May 28 91 May 4 35* May 22 5*4 May Sale 107 34 May 14 1103* May Sale 107 May 29 108** May Sale 97** May 29 104** May Sale 8 May 21 16?* May Sale 16 7?* May 21 May 65 May 56*4 May 27 77. Sale 118-?* May 29 1263* May 10 105 3 1023* May 15 106 J* May Sale 101 May 28 10654 May 2 Sale 2 102*4 May 24 108** May 101 21*4 14 114 107 108** A O 61 A O lien 4s. .1997 Q Q J F J J J 46** 57** Sale Sale 49 J J J 49 Sale Sale 52 64 50 May 18 1083* May 10 May 21 61 May 6 40 Alst gtd g 5s Alst mtge g 5s (stamped lation of guarantee) 1945 cancel¬ 1945 40 . 3s..Jan 2047 4**s series A 2047 Ref & impt Ref & impt 6s Ref & impt 5s Ref & impt 5s series B... 2047 series O 2047 series D —.2047 Northern States Power 3**s —.1967 N'western Teleg 4**8 extended_ 1944 Dgden & Lake Ch 1st guar g 4sl948 lio Connecting Ry 1st 4s._ — .1943 aio Edison 1st mtge 4s 1965 1st mtge 4s —1967 1st mtge 3 548— 1972 Idahoma Gas & Elec 3?48 1966 4s debentures 1946 atario Power N F 1st 5s 1943 atario Transmission 1st 5s 1'945 •egon RR & Nav con g 4s 1946 regon Short Line 1st con g 5s. -1946 1st guar cons 5s stamped 1946 •e-Wash RR & Nav 1st & ref 4s 1961 As Steel 1st mtge 4**s A.....1962 J J F A J J J J M S MN M 5 Sale Sale 49 109?* 95 J D 110 J D F A 106 107.9 MN J D Sale ..... 7?* a 9** 108** Sale 108** Sale 108?* Sale 106** 106?* J 69** 42** 59 52 109?* 90 5J* 108?* 107** 109*4 63** 47 Sale Sale Sale Sale Sale Sale Sale 6** Sale Sale Sale Sale 59** May 28 313* May 21 333* May 21 45 May 21 43 Sale Sale 40*4 May 23 40 May 21 1053* May 28 95 May 8 43 106*4 95 Sale 1053* Sale 1015* 103 1073* Sale 10354 Sale 109** Sale 108 106 Sale 96 Sale 105 10454 101*4 107** 103 96 99 ?4 100 h 104** 11734 111** 108 110** 111** 108 Sale 113 117** 113 117 118** 113*4 115** 113 118 Sale 104 Sale 104** 107*4 J 116 J 117 118?* J 105** 76 h Sale Sale 75?* 75** 60 Sale Sale 58** 59 X 53 D 59 113 D 112?* Sale D 108?* 109** 3 ** s series I —1966 J Sale 105 Sale 113 70 May 43?* May May 60*4 May 54** May 55*4 May 11034 May 95 May 49 . 5** May 2 1083* J D 3?* May 23 3 J icific Coast Co 1st g 5s_.____1946 J icific Gas & El 4s series G 1964 J 1st & ref mtge 3?48 series H__1961 J Sale Sale Sale 105?* 117?* 110** Sale 49 60?* 34?* 393* 48?* 95 109*1 105 45 J J For footnotes see page 30. 68?* 42 J J 99** 15 J D 40 72** 75" 75 J J J J A O MN 35** 111** 24 26 70 61 "75"** 37 23 28 37** 40 38 ----- 11?* 13?* 100*u 102 53** Sale 65 62** 15** 15** 1554 19*4 MN 18?* 73*4 May 45 25** 125** 121?* 116?* 117** 115 125** Sale 117** 63 27** 109** 109** Sale J J* aN Y Westches & Bos 1st 4 J*s 1946 Niagara Falls Power 3**s------ 1966 Niag Lock & Ont Pow 1st 5s A. _ 1955 Niagara Share (Mo) deb 5**®-- 1950 *t ANorfolk South 1st & ref 5s A - 1961 ACertificates of deposit*1 ANorfolk & South 1st g 5s.... 1941 Norfolk & West Ry 1st con g 4s. 1996 1st & ref mtge Sale Sale J J MN 1943 MN J 1967 J 1st s f g 6s Northern Pacific prior Gen & lien ry & Id gt 49?* 34 55** 54?* Sale 109 M S A O A O A O A O 53 Sale mm 109 1940 F gold 5s.._-- ATcrminal 1st gold 5s. N Y Tel ref 3 *4s series B N Y Trap Rock 6s stamped 52 Sale 106* 105** i07 1937 F 3**s___- 1963 ref g 5s. 1937 t* aN Y Susq & West 1st * ASecond gold 4 **s. AGeneral 77 10.c 1958 J 3 106?* 1083* 1951 MN 104*4 106 f Prior lien 6s stamped IY & Rich Gas 1st 6s A New York Steam Corp .58?* 16 J 103 83 Sale S 5s__1946 AfN 68** 33?* 65** 55?* 85** 86** Sale A 3**s2000 MN f Y Lack & Western 4s ser A..1973 MN Guar 4**s series B - ---------1973 MN ,NYLE&W Coal & RR 5**s_1942 MN ADock & impt 1st 5s.-------1943 J J * Y & Long Branch gen 4s. —-1941 M S * aN Y & N Eng (Bost Term) 4sl939 A O : aN Y New Haven & Hartford— Sale 107 34 May 74 May 106?* May May 103 May Sale 101** May 65** May 58** 21 34?£ May 58 Sale 65 O 4 Y & Harlem g 70 80** 52?* 58?* 79?* 59 A o 70 Sale 58** Sale Sale Z§* 86 J A 1st mtge 3 **s extended to—-1947 A O 3-year 6% notes .—--1941 ,E_,.A. .N. ^jQonneeting-let-gu 4-J^s-A—1953, F A 1st gtd 5s series B ———---1953 F A N Y Dock 1st gold 4s ---}951 A O Convertible 5% notes1947 A O N Y Edison 3 Hs series D — -1965 A O 1st lien & ref 3*4s series E —1966 N Y & Erie—See Erie RR. J D N Y Gas El Lt Ht & Pow 5s. —1948 F A Purchase money coll tr g 4s—1949 67?* 26 Highest 1 Sale Prices Ask Sale Prices Sale 122 May 15 127** May 6 Sale 123 May 21 128*4 May 8 57** "43** 46 55** 104 Sale 104** 107 35" "32?* Sale* 107" "I" J l06?* 75 35 35** Sale J F 1942 Sale 37 37 J J Ask,Bid 70 107** Lowest May 31 28 "37**' "40"" 3**s -1998 F Mich Cent coll g 3 3*s. — - - ~1998 New York Chicago & St Louis— A Refunding 5**s series A 1974 M Refunding 4**s series C 1978 4s collateral trust 1946 F Lake Shore coll g ACertificates of deposit.. 436" 1952 1 126?* 127 H 122% 123 127?* Sale 104 Sale 67 New York Central RR— 169 ,475 Bid 74 AO - 1945 Npt & Cin B gen gu g 4J*s 127 129** 125 % FA —— Alst 5 3*s series A. . ACertificates of deposit May 1940 N. Y. STOCK EXCHANGE 60 2 PRICES IN MAY Jan. 2, T 23 EXCHANGE—BONDS Price BONDS Ma Val N. T. STOCK- 1940] Sale lll?i Sale 109H 110 110 108** 106 71 68 May May May May May May May May May May May May 15 107** May 21 109*4 May 28 110 May 17 109** May 11 106 May 29 105 May 21 10054 May 21 24 111*4 May 8 29 1173* May 28 118*4 May 23 107*4 May 24 7554 May 53 May 31 60 10954 May 28 113 May 22 112 Sale 108 107** 1053* May 28 110?* Sale Sale May May May May 9 1 3 7 N. Y. STOCK 2! tales Vah Jan. 2, S EXCHANGE N. T. STOCK RANGE SINCE JAN. PRICES IN MA Y Price if J" BONDS Ma EXCHANGE—BONDS May 1940 1 I May 31 Lowest Highest Lowest 1 Highest ~ Bid 31 1 75 32 * 4s.. 938 iPacific RR of Mo 1st ext 75 Ask 80 938 966 68 80 *A2d extended gold 5s Pacific Tel & Tel 3 Ms series B__ C 4 Ref mtge 3 Ms series Paducah & Illinois 1st s 05 966 Panhandle Eastern Pipe 27 38 17 12 0 — f 4%s__ 955 L 4s A _ 952 M Paramount Broadway Corp— 955 F 1st mtge s f g 3s loan ctfs Paramount Pictures Inc— 947 M 3 Ms conv debenture— 944 A Parmelee Trans conv deb 6s Paterson & Passaic G & E 5s__. 949 M APaulista Ry 1st & ref 7s ser A__ 942 M Pennsylvania Co— Guar 3 Ms coll tr ctfs ser B__. Guar g 3 Ms tr ctfs ser C Guar g 3 Ms tr ctfs ser D. 40-year guar tr ctfs 4s ser K_. 28-year 4s - — Penn Dixie Cement 1st 6s A____ Penn Glass Sand 1st mtge 4%sPenn Ohio & Detroit RR— 1st & ref gold 4Ms series A... 4 Ms series B - - - ---— Pennsylvania Power & Lt 3%s-4Ms debentures S A S O S S 109M 109 M 110M 110M 101% 104 M 105 48 M 124 84M 44 85 90 71 90 45 110% 111% 102% 104% 42 May 28 79 77 90 May 24 45 May 21 May 24 125 May 2 70 Sale 103 M May 104 M May 102 ----- 89 75 103 104 Sale 85 48 Sale Sale Sale 21 May 16 21 21 M May 16 % May 10 110M 105 111M HIM 106 102 102M 103 M 42 46 M 76 43 40 121 112M 67 M 70M 70 Sale Prices Sale Prices Sale Prices 73 M May 75 60 110 69% Sale Ask Ask Bid 126 125 67 M 78% 75M 51 h 50 83M 41M Bid May 6 May 16 May 4 May 3 May 16 May 9 10 17 284 101 60 95 457 269 21 Penn RR consoi 92 4 gold 4s— Stamped dollar bonds Gen mtge 3 Ms series C Consol 4%s issue of 1915 General 4Ms series A. General 5s series B Debenture gold 4 Ms General i%s series D_ Gen mtge 4Ms series E-Convjdeb3% s.- - - - - - - - - Peoples Gas & Coke 1st 6s__ ___ Refunding gold 5s ----t*APeoria & East 1st cons 4s — iOertificates of deposit Alncome4s (flat) -------Peoria & Pekin Un 1st 5Ms A_. 82 1st 5s series A__ 20 195 137 631 239 545 374 189 532 20 41 30 *83" 45 98 532, 5 45, 1. 39 44, gold 4s Consol - Pere Marquette lst 4s series B - - bonds Phila Bait & Wash 1st g General 5s series B _ 4s 952 M N 963 F A 941 M S 960 J D AConvertible deb 6s 109 948 AfN 113% 88 M Sale 960 118 Sale 965 101M 968 108 970 A O 95 M Sale 952 85% 115 M Sale 115 116M 943 AO 947 M S 940 A O 990 Apr 7M 974 F A 956 J J J ---- f 4s. 59 M D 110 M Sale Sale 59 M 109% Sale J D 967 J D 967 MS J 973 J 949 M S 937 J J 952 M S 4Ms series A--B guar g C guar g 940 A O O 942 M N 13 114 "3 1 57 274 49 260 233 414 200 542 93 ""4 General g 5s series General 4Ms series 970 J B C___ 4s Pitts & West Va 1st 4Ms ser A. 1st mtge 4Ms series B— 1st mtge 4Ms series C --Pitts Y & Ash 1st gen 4s ser A__ 1st gen 5s series B 1st gen 5s series C 1st 4Ms series D_ Portland General Electric 1st & ref mtge 5s 96 10 ^*iRio Grande June 1st 36 ;*ARio Grande Western 1st 36 32 "3 37 98 4 6% 7 M 96 M 98 102 M 103 M 107 M 109 108 D O J D 959 8 Sale Sale 101M 106 M 109% 115 107 M 108 M 103 M 108 99 95 107 M Sale Sale 43 45 % Sale Sale 51H Sale 51 • 53M 52% Sale 106 106 M 110M 974 977 106 110M 98 M J 942 80 M Sale 106 ys 62 M Sale 61 M 64 M 953 18 Sale 109 Sale 951 80 956 M S 968 J J 3% 84 Vs 4M 60 110M ni% 148 153 149 223 224 109 Sale 109M Sale 103 Vs 104 104 Sale J J J Gen mtge 3 Ms series 1 Gen mtge 3 Ms series J *t a Rock Is Ark & Louis 1st 4 Ms A Ruhr Chemical 6s J ARutland-Canadian 4s stpd jARutland RR 4Ms stpd.. Saguenay Pow Ltd 1st M 4Ms.. St Jos & Grand Island 1st g 4s_. St Lawr & Adirondack 1st g 5s.. 2d gold 6s For footnotes, see page 30. May 28 106% 66% 57 % 110% 105% 110 114% 110% 108% 106% 111% 15 3% 7% May May May May May May May May May May May May May May May May 13 31 2 1 3 6 4 10 1 18 7 51% May May 24 90% 40 May 21 47 121 May 24 126 67% Jan. 2 72 101% Apr. 105% Feb. May 104% Jan. 99 May 88 May 103% May 96 98 May 99 Feb. 10 27 28 24 6 7 20 2 13 115 Mar. 25 115 Mar. 27 92 Jan. Jan. Apr. 20 110% May 9 109% Apr. 19 109% Jan. 25 94% May 100% May 79 May 89% May 89 May 76% May 110% May 111 May 56 May 65% Apr. 3% May 106% Jan. 51% May 48% May 45 May 107 May 105% May x/ 109% May 22 114 Feb. 101% May 104% May 100 May 108 May 111% May 111% May 81 May 117 Mar. 15 Mar. 107 1 Apr. 22 Apr. 2 102% Feb. 106 Apr. 107% Mar. 106% Apr. 105 May 102 6 24 Apr. 8 120% May S 104% Apr. 30 110% May 3 91 May 8 99% May 3 99% May 6 .87% May 116—- Jan. 117% 3 22 Mar. 23 70 Apr. 30 65% Apr. 16 10 Feb. 19 107 71 Apr. Apr. 60 Apr. 11 6 6 4 62 Apr. 111% Jan. 10 105%, Apr. 29 110% Mar. 26 20 115 Jan. 106% May 29 110% 104% May 311108% 100 May 28 106% 108% May 221111% 15 9% May 21 4 2% May 21 3 % May 21 8% 3 May 18 May 7 Feb. 19 Mar. 12 May 9 Apr. 11 Feb. 21 28 110% May 1 May 8 93 % May 28 101 May 22 May 2 May 21 May 17 104% May 17 101% 106% 108% 110,% May May May May May 109 May May 31 103 105 105 115 109 Sale 103 92 % Sale 99 May 29 109% May 4 115% 109 Mi 100 Vs May 9 May 9 118 2 99% May 22 107% May 100% May 25 107% May 10 9 92% May 31 100% May 118 104% May 28 112% Feb. 93% May 28 101 May May 103 Jan. 5 106% May 108% Mar. 108 Feb. 28 101 %6 109 108% Feb. 28 108 Jan. 112 Mar. 4 104% May 17 May 31 104% May 109 Feb. Feb 110 5 109,% Feb. 105 4 May 29,109% May 18 116% Mar. 19 116 Jan. 115% 99% 100% 92% Feb. 16 118 May 9 May 22! 108% Jan. 10 May 25 107% May 10 May 31 100% Apr. 30 D 52 M J D 42 M 41 % Sale 47 % Sale Sale 9S% 117 43 . 50 40 May 20 52% 52 May 22 40 May 21 53 103 May 28 106% 110 % May 24 110% 40 May 9 40 May 2 40 May 2 May 10 May 24 40 103 May May May May 110% Mar. 20 53 53 22 53 21 28 106% Apr. Apr. Apr. Apr. 7 110% Mar. 15 30 16 23 7 ----- ----- Sale Sale Sale Sale Sale Sale 66 1 73% May 106% May 23 9 81% May 2 81% May 2 25% May 106% May 31 81% May 10 May 106 % May 67 May 67 May 14% May 106% May 79% May 66 5 81% Jan. 107% Feb. 23 86 Apr. 8 8 85% Apr. 25% Feb. 28 110% Mar. 30 7 84% Mar. May 104 Jan. 59 Jan. 58% Jan. 14% May 106% May 79 Jan. Jan. 3% Feb. 3% 63% 63 % Mar. 106% May 140 143% 140, May 222 May 106 % Sale 106 May 100 100% 100 May 25 28 10 28 20 111% May 15 150 May 13 226 May 3 110% May 8 104% May 10 113 106% May 140 May 222 May 106 May 100 May 5 Mar. 16 Apr. 19 May 13 May 3 150 226 110% May 8 Mar. 27 105 D J A O J J J J MS M S MN F A MN MN J J J J Sale 55 H Sale W2 73 Sale 99 M 96 M ^8 M 95 j'J 77 M Sale 99 M 56% 69% 69% 101% 100% 56 Sale 19 M "98"" 106% Q« 13 M 15 50 60 50 50 Sale 50 62% Sale Sale 62 65 Sale 92% 93 Sale 92 Sale 60% May 66% May 92 May 91 May 90 955 A O 952 M S 952 J 955 F J 15% Sale 107 105 105 49 Sale 1-2 M Sale 93% 95% 12 14 18 12% May 10 May 13. 13 Sale 109% 104 Sale 104% 106 11% 108 966 A O 97 13 50 20 50 23 May May May 60% May 66 Apr. 92 May 91 May 22 Feb. 20 64% Feb. 9 60% Feb. 23 75% Jan. 9 65 19 75 24 102 Jan. 5 Feb. 26 27 1 00% Feb. 19 9 98% May 90% May 22 Mar. 25 May 21 109 9 98% May 92 Jan. 26 6 99% Jan. 27 103% May 30 Feb. 29 26 Jan. 19 17% May 10 14 May 29 15 Jan. 30 15 Jan. 30 15% May 16 May 8 3 103% May 16 107% May May 1 105 May 105 3 1 36 20 6% 33 25 20 9% 5 May 21 May 28 % May 23 % May 8 0 % May 3 10% May 13 15% Jan. 12% May 16 13 May 16* Mar. 14 Feb. 33 109 Mi 8 17% May 10 17 Sale 40 109 M 105% 107 M 10 7 % 16 % 8 May 29 50 103 19 10% 107 J 1 1 15 30 Mi 967 M 967 M 941 J 2 2 90% May 22 98% May 103 May 21 106% May Sale 92% May 28 98% May 99% 100 % May 22 103% May 19 Mi "36"" 120 934 M S 948 A O 949 J J 58 71% May May 101% May 100% May 71 8 977 M 969 M S May 10 May 20 May 6 Sale Sale 10M 28* 50 14 13 M 108 102 % 949 A 52 100% 92 104 Sale Sale 14 A May May May Sale 23 13 M 13 % 48 "57% 102% 102% 17 % 14 25 43 100% 100% 107% Sale 95 M Sale 100 M 100 M 20 M 12% 50 50 15 5s 939 J 4s 939 J A__ 104 % May 101 % 101%. 106% 107% 106 % 108 Ma 10%% llO Vi 110% 104% 104% 109 Sale 109 Sale 67 % 106% 80 81M "82 M 81M Sale 79% 16% 22% Sale 109 110M 106 % 81M 76 % 79% 5% 3 M 1% 65 M 65% 108 111M 952 MN g Sale. 98 146 953 F guar 93% 73% 950 MN & coll tr 4s series Sale 105 98Mi 219 1953 Sale 3 5 106 M 966 957 MN % 2% 4 H 104 100 J Sale 108 % 10 7 3% May 106% -May 51% May 48% May 45 May 107 May 105% May 109% May 114% May 106% May 104% May 100 May 108% May 9% May 2% May 3 % May Jan. May 4 Apr. 19 Apr. 8 Apr. 15 108 962 942 108 ----- 110M 109 M 115M 115 M 107 M 107 M 107 M 108 100 M Sale 948 960 M S 2 110% May 9 109 May 1 109% May 14 115 May 14 114% May 92 May 120% May 104 May 110% May 91 May 99% May 99% May 87% May 113 % May. 7 117% May 1 70 May 1 104 H May 100 May May May 21 110% May 21 112 Apr. 8 102% Jan 12 105 8M 105 M 116 44% 44 M 960 Sale 108 M , 108 % 108 6M 110 M 110M 108 M 111 M 105 943 MN 958 J iioM 110 3M 7 M J Rochester Gas & El 4 Ms ser D__ Gen mtge 3 Ms series H 102 108 O Richfield Oil 4s conv deb__ Richmond Term Ry 1st guar 5s. ARima Steel s f 7s con Sale 110M Sale 13 M Sale 12 M 3 % D A Direct mortgage gold 6s aCous mtge 6s iCons mtge 6s "6 .101 975 A 977 J Purity Bakeries Corp s f g 5s... 948 X ARadio-Keith-Orph pt pd ctfs for deb 6s & com stk (65% pd) "^Debenture gold 6s 1941 * a js stamped 1941 Read Co Jersey Cen coll g 4s—1951 Gen & ref 4Ms series A 1997 Gen & ref 4Ms series B 1997 Remington Rand deb 4Ms w w.1956 4 Ms without warrants 1956 Rensselaer & Saratoga 1st gu 6s -1941 Republic Steel Corp 4 Ms ser B_ _ 1991 Purch money 1st 5Ms conv. -1954 Gen mtge 4Ms series C 1956 Revere Copper & Brass 1st 4 Ms. 1956 ARheinelbe Union s f g 7s 1946 a3 Ms assented 1946 Alst 106 Sale 968 A ARhine-West Elec Power 7s 10 48 M 107 M Sale 2037 J -2037 J 1st & ref mtge 8s__ Pup Serv of Nor 111 3 Ms ARhine-Ruhr Wat Serv 6s ~8 47 M 106 D 957 M N 13 48 4M Sale 58 51 110% 11 % 3M 109 M 105 960 F A 963 F A 964 MN Con 4Ms series ig Con 4%s series J guar Gen guar 5s series A % AProyidence Secur deb 4s gu— t a Providence Terminal 1st 4s— Public Service El & Gas 3%s.-_ 150 60 8 77 58 3 M 106 M 110 109 H 115 114M Sale 109 M Sale 105 H 108H 108 % 109 M 104 % Sale 109 M 110 110M 115 106 % 107 196M A Con 4s series H guar g 15 4 Sale Sale Sale 948 M S 4%s__ lst 5s extended to 1950 J iPorto Rican Am Tobac conv 6s a6s stamped ----t*APostal Tel eg & Cable coll 5s _ Potomac Elec Power 1st M 3 %s. Pressed Steel Car deb 5s 988 9% 110M 57 M 6 Pitts Va & Char 1st guar 294 107 Sale Con 4s series G guar g 12 9M 110M 101 50 58 949 F 953 J 196 106 M 65 7 % Sale 945 M N 582, Sale Sale 108 66 M Con 3 Ms series E guar g Con 4s series F guar g 3, Sale" Mar. 97 % Feb. 105 % 114% 114% 111M 113 114% 111M Sale 82 Sale 91M Sale 117 117 M 119% 96 Sale 103 M Sale Sale 110 101M Sale 89 % Sale 81 Sale Sale Con 4s series D guar g 25 69 M Sale Sale 109 M 60 1, 50, 161, Sale 984 1, 62", Sale Sale 87 M 96 M 2, 59, Sale 970 981 942 A 248, 113 M 103% 104% 102% 103% 42 May 7 14 106 24 106% May 15 May 2 10 106 May 8 21 105 97 May 6 27 May 2 31 107 May 111% May 111% May 81 May 117 May 94 % May 100 % May 79 May 89 M Sale 89 H May 98 M Sale Sale 90 Sale 89 May 87 M Sale 78 Sale 76% May 113 M 413% 110M-113M 110>2 May111 May 117 M Sale 111 114 Sale 70 56 M 56 May 69 % Sale 100 75 1 May 21 101% May Sale 97 M 94 96 96 1C9M 114M A Con 4Ms series Con 4Ms series l", 98 109 974 F 4Ms A._ P C C & St L g 66, 98% 943 M N 948 AfN Phillips Petroleum conv 3s____- 5, 15, " 94 105 M 107M 100% 101 98% 109 M Sale 981 J X* APhilippine Ry 1st 30-yr s iCertificates of deposit Pitts Coke & Iron conv "6", Sale 103 101% 102% 101 % 102 M 105 M May 105% 102 May 102 104 106 106 % 103M 105 M May 99 May 100 Sale 104% Sale 96 M Sale 88 May 90 M Sale 107 103H Sale 103 H May 105 Vs 106 104M 104% Sale 977 J gold 5s ref 3 Ms X APhila & Read C & I ref 5s._. 72, 2, - 108 M 108 977 A O J 981 J 969 F A 943 MJV 974 F A _ - Phila Electric 1st & 852", 105 % 980 M S Phila Co secured 87, 102M 104 % D 952 J General g 4Ms series C General 4Ms series D 230 221, D 944 J --- 525 239, A 942 J 956 J 1st g 4Ms series O - - --Phelps Dodge conv 3 Ms deb Jailed 941 F 85 74 May 9 May 9 May 15 May 2 51% May _ "¥ Sale Prices 73% May 21 Mar. 29 Apr. 26 Mar. 29 17 14% 103% May 103% Mar. 9 Apr. 33 May 20 May 5% May 109 Jan. 105 Jan. 19 10% Jan. 20 9 Mar. 11 40 34% Apr. 12% Apr. 5 8 122% 13 9M Sale 109% 7% 107% 105% 108 Sale 110% 106 105 8% 5 4% 7% 105 May 22 110% May May 24 8% May 21 6% 5% 91 9 6% Sale 947 J J 996 J J 94 70 996 A O 80 65 8% 10 69 104 111% 109 % Jan. 29 108% Jan. 8 111 May 22 110% Apr. 18 Feb. 21 5 May 24 111 23 _.j__ Sale May 14 6 4 May 23 6 68 May 29 91 6 14 May 3 May May 1 111% 111% May 22 111% May 22 70 59 6 4 " 7 21 May 14 May 23 9 Mar. Mar. 7 Jan. 2 Jan. 23 68 98% Feb. 15 May 29 Mar. 18 110% Jan. 16 112 N. Y. STOCK June, 1940] Sales in 2*8 BONDS May Value 29 EXCHANGE—BONDS PRICES IN MAY Price RANGE SINCE JAN. 1 Jan. 2, May 1940 N. Y. STOCK EXCHANGE $ Ask Bid Bid 1 | Lowest May 31 Ask Bid Highest Sale Prices Sale Prices Ask Lowest Highest Sale Prices Sale Prices St Louis Iron Mtn & South— 216,000 i*River & Gulf Div 1st g 4s—1933 12,000 ACertificates of deposit 90,000 1 ASt l Peo & n w 1st 5s .1948 80,000 St Louis Pub Serv 1st mtge 5s__1959 4,000 St l Rky m & Pac 5s stamped- .1955 X ast Louis-San Francisco Ry-— 535,000 APrior lien 4s series a 1950 226,000 ACertificates of deposit 279,000 APrior lien 5s series b 1950 38,000 ACertificates of deposit-1,050,000 ACon m 4 54s series a 1978 267,000 ACertificates of deposit stamped 6154 61 Mn y~j Sale Sale 2154 25 63 M S J J 5854 j J 1124 Sale 1.154 Sale j J 12 98,000 x ASt Louis Southwest 1st g 4s—1989 13,000 A2d gold 4s income bond Nov 1989 74,000 *Alst terminal & unif 5s -.1952 93,000 AGen & ref 5s series a 1990 Sale 1154 Sale 1154 Sale 6154 Sale 6054 68 2454 Sale 6354 Sale 4254 4654 13 1254 1354 Sale 1224 14 Sale 4854 May 15 May 5554 May 37 May 61 1554 5854 17 Sale 30 33 854 754 954 854 1354 1254 Sale 8 Sale 1154 12 Sale 754 Sale m N 60 64 j j J j 27 54 17 54 6354 Sale 3054 3754 1954 Sale 1254 Sale 7924 5 654 654 754 j St Paul & Duluth 1st consol 4s__1968 J ~2~, 000 ASt Paul e Grand Trunk 454s.-1947 J 43,000 ASt Paul & k c Short l gu 454s 1941 F J 1024 d j 82 a 33 Sale Sale 95 424 Sale 654 8 56 May 32 May 12 May 754 May 25 21 754 28 28 14 6254 May 2 5324 May 15 25 May 4954 May 28 4854 May 28 15 May 28 5554 May 28 37 May 14 1 6554 May 9 42 May 4 13 1254 1354 1224 1224 May May May May May 2 2 4 1 12 1 7 24 May 6 24 May 954 May 9 May 754 May 6 24 May 66 Apr. 4 Apr. ' 4 2654 Apr. f 3 6654 Feb. 21 6254 Jan. 16 65 28 28 27 21 28 28 1424 Apr. 1454 Apr. 16 Apr. 1554 Apr. 1454 Apr. 1224 15 15 29 22 May 1 6554 May 9 56 23 67 8 38 20 9 9 1 2724 Jan. 1/ 12 May 29 754 May 22 38 9 82 60 5754 12 28 724 May 28 624 May 28 954 May 27 9 May 21 754 May 28 624 May 28 854 954 Sale 954 1054 M S 14 5054 4954 May 28 6 82 454 Jan. 19 454 May 22 8 13 May May May 79 2 654 5 454 6 4 May 13 54 May 22 May 13 624 May 11 5 Jan. Mar. 13% Apr. Apr. May 2134 Apr. 1354 Apr. Mar. 6 8 6 524 Mar. 26 Apr. 2 t Paul Minn & Manitoba— 9724 fPaeific Ext sterling guar 4s. .1940 j J j 114 75,000 St Paul Union Depot 1st 5s guar. 1972 J j 54 207,000 San Ant & Aran Pass 1st guar 4s. 1943 J A O 10754 58,000 San Antonio Pub Serv 4s 1963 86,000 San Diego Cons g & e 4s 1965 M n 110 2,000 Santa Fe Prescott & Phoenix 1st 5s'42 m S 10954 10,000 X ASchulco Co guar 6 54s~ 1854 1946 j J j J 41,000 1854 AStamped— 2954 16,000 AGuar. sinking fund 654s b —1946 A O a o 2954 51,000 AStamped - - 2,000 Scio Vail & n e 1st guar g -±s 1989 1,000 *X ASeaboardAir Line 1st g 4s—1950 250,000 ♦AStamped 4s 1950 2,000 AAdjustment 5s. -Oct 1949 126,000 ♦iRefunding g 4s 1959 64,000 ^Certificates of deposit -643,000 a 1st & cons Bs series at77i—1945 179,000 ACertificates of deposit 1 * AAtl-Birm div 1st g 4s May 1933 4,000 151,000 x ASeaboard Air-Fla 6s a ctfs—1935 ~ O 1952 f a 11524 Sale 116 10854 10754 10754 10554 10954 11054 Sale 10954 23 30 3354 112 25 2054 5 64 55 23 3054 32 44 Sale 36 32 45 Sale 36 122 16 Sale 254 Sale 125 8 1254 12 154 454 "13"" 154 Sale 654 1 254 8 Sale 6 Sale 4 754 Sale 554 Sale 354 14 f A j 16 354 Sale 354 9554 D 6 Sale 6254 25 13 254 2 97 6054 1424 254 6 Sale 63 1054 2454 2954 9954 Sale 10554 Sale 2354 10254 10654 6 154 154 9454 58 2154 30 2854 Sale Sale 1154 94 54 99 103 j o J 1961 M s 1st mtge & ref 4s 1965 f Southern Colorado Pow 1st g 6s_1947 j Southern Kraft Corp 4 54 s 1946 J A J d 10854 109 105 10554 108 10854 109 10954 10554 Sale 9754 Sale 11054 May 54 24 May 105 May Sale 109 May 10924 May 27 May 3354 29 2354 May 46 43 24 May 38 3654 May 58 Sale 11924 12254 May 9 12254 May 1354 May 1354 May 2 12 May ""854 654 May 21 154 May 154 154 May 13 4 54 May 224 254 May 21 4 —tj— —224"may-"21 May Sale 6 2 54 May 21 May Sale 3 554 May May 22 13 11 May 15 May 23 254 254 May 124 May 22 254 Sale 9754 May 9354 May 14 60 5554 May 18 6154 May 26 26 May May 15 109 May May in* Apr. 23 10824 Mar. 15 Feb. 21 Apr. 3354 Apr. 47 Apr. 47 Apr. 12 1854 Jan. 2854 Jan. 2954 Jan. Jan. 12324 Feb. 13 11 3 21 254 3 11 124 154 9354 5554 26 1254 May 22 2324 May 9 94 May 25 10224 May 1 10054 9954 May 22 10054 May 10 Sale 10254 May 1 10654 May 1 Jan. 9854 Jan. 19 118 Apr. 12 6854 Mar. 14 10924 Jan. 1154 654 154 254 97 Jan. 33 Mar. 15 Jan. May 1554 124 654 5 54 Jan. Feb. May May Mar2! May May May Apr. May May May 14 54 Feb. 1254 May May 99 54 May 10254 May 94 May May May May May May 6 11 6 Jan. 6 Jan. 25 Jan. 25 724 Jan. 1524 Jan. 11 J an. 31 2 334 Jan. 3 4 Apr. 67 6 Mar. 15 3354 Feb. 17 4 1554 Mar. 3054 Jan. 24 102 24 May 1 100 54 May 10 10654 Apr. 6 104 10654 May 4454 ma3r 48 May 4624 May 4524 May 4554 May 53 May 75 May 6324 May 104 104 9954 Sale May 23 10924 10154 May 15 10524 10554 May 28 108 10724 May 18 11024 101 May 23 10524 9854 May 22 10224 15)4 10654 Sale 3254 44 54 Sale 3924 47 24 Sale 3354 45 4554 33 54 43 54 Sale 33 4354 Sale Sale 104 10554 Sale 10254 103 106 107 110 10854 Sale 101 Sale Sale Sale 54 105 118 2854 10854 Sale 10554 Sale 10754 Sale 10554 10254 9754 Mar. 11054 May 119 119 Southern Bell Tel & Tel 3 54s—1962 a May May May May May 30 May 10 31 May 1 1 4554 May 46 May 9 11654 6554 10854 11024 10924 11054 112 m s 1950 1964 1979 Sale Sale 1963 3s debentures 120 M~S 1952 Southern Calif Gas 454s 9854 —4.5i-Sal&4 -3-24- ■Sale- 1951 m S 1946 f A 1941 ASilesia Elec Corp 654s 12i606 Silesian Am Corp coll tr g 7s 197,000 Simmons Co conv deb 4s 163,000 Skelly Oil 3s deb 316,000 Socony-Vacuum Oil 3s debs South & Nor Ala gu 5s 1354 9854 98 115 1554 154 A 1935 f A J 1954 j a6s series b ctfs or dep 1,016,000 Shell Union Oil 2 54s debs 118,000 Shinyetsu el Pow 1st 6 54s 1,000 ASiemens & Halske deb 654s 61,000 245,000 46,000 70,000 166,000 304,000 MN A 98 9854 May 23 10924 May 10154 May 15 10524 Apr. 10554 May 28 10824 Jan. 107 24 May 18 Ill Feb. 101 May 23 106 Jan. 9724 Jan. 2 10254 Apr. 9 8 4 2 31 26 Southern Natural Gas— 86,000 a o mtge pipe line 454s 1951 203,000 Sou Pac Co 4s Cent Pac coll Aug '49 j d 533,000 1st 4 J4s (Oregon Lines) ser a. 1977 M s 1st Gold 454s 379,000 1968 Gold 4 54s 864,000 May 1 1969 Gold 454s 1,028,000 1981 399,000 10-year secured 324s 1946 San Francisco Term 1st 4s—1950 45,000 437,000 South Pac rr 1st ref guar 4s—1955 4s stamped 1955 1994 512",000 Southern Ry 1st cons 5s Devel & gen 4s series a 830,000 1956 Devel & gen 6s series a 1956 188,000 Devel & gen 654s series a 1956 263,000 Memphis Div 1st g 5s 1996 St. Louis Div 1st g 4s 1951 83",66o 84,000 Southw Bell tj 3 54s series b..-1964 1st & ref 3s series c 1968 118,000 18,000 tASpokane Internal 1st g 5s—1955 11,000 Staley (a e) Mfg 1st mtge 4s._-1946 -.1961 421,000 Standard Oil n j deb 3s M s 47 Sale 50 Sale j o 80 j 63 Sale Sale mn j J 88 Sale o 61 Sale o J 7654 7954 8254 Sale 78 72 54 j 71 o 73 D 11154 112 J 10754 -107 24 1754 1924 10554 107 10454 Sale 10554 Sale J a d 9924 106 Sale 60 Sale 6354 54 54 65 Sale Sale 8424 Sale 5754 Sale 4654 5954 6354 Sale 10654 10554 1943 50 —2000 8954 Sale Sale 69 11054 Sale —1977 Gen & ref 5s series c .1979 Gen & ref 5s ser d__ -.1980 Tex Pac—Mo Pac Term 5548 a.1964 m s j Third Ave 1st ref 4s i960 J A AAdjustment income 5s_.Jan 1960 *AThird Ave rr 1st gold 5s 1937 j Tide Water Assoc Oil deb 3 54s~1952 J 1950 A 70 6954 6954 96 o 5154 1454 J 95 j 107 8054 Sale 75 6954 11154 Sale 10754 Sale 2154 2054 10354 107 10554 Sale Sale 72 7354 99 Sale Sale 9854 Sale 5854 8554 Sale 8754 o 6554 Sale 6754 6854 99 m s 122 125 J 10654 11054 F M 1962 j ♦JiUnion Elev Ry Chic 1st 5s. .1945 Union Oil Cal 30-yr 6s ser a May '42 A J f a s o 35-year 3 54 s debenture 1971 mn Uni/ted Cigar-Whelan Stores 5s. 1952 a 0 For footnotes see page 30. 11 125 Sale 11254 114"" 10254 Sale 11454 Sale 10754 110 11354 11454 Sale 9654 Sale 67 Sale ... 106 24 10724 14 8954 10724 99 1454 8 June 2008 m s 1970 12 S A 3s debentures 1959 f Union Pac rr 1st & land gr g 4s. 1947 j First & refunding 4s June 2008 m 1st lien & ref 5s 34-year 354s debenture j mn 8354 May May 53 May 57 May 28 9154 May 21 21 21 75 63 21 69 42 Sale Sale 60 3054 35 32 3154 3154 42 24 70 54 66 May May May May May May May May May 109 10954 10854 10224 10324 102 20 15 10354 102 Sale 10124 15 Sale Sale Sale 89 105 ... 10354 10154 10024 ■ 5754 8224 81 15 11124 21 108 24 2024 16 10354 15 10524 22 10524 21 108 .10554 10424 May 15 10554 55 Sale 84 6424 May 10 May May May May May May May May May 14 May May May May May May May May May May May May May May 17 May 8 7 9 5554 May 15 8224 May 18 61 65 6754 May 10 May 10 86 May May 124 104 May 15 124 May 15 May 25 10754 May 2 — 16 1554 53 57 63 10854 102 15 103 54 10154 10024 81 104 24 14 24 May 2 14 24 May 2 8654 May 2 10724 May 4 854 May 17 1102532May 9 10454 May 115 May 108 2332May 109*32 May 9854 May 9854 May 7154 May May May May Apr. May May May May May May May May Mar. 125 10754 Feb. 4824 Jan. 53 58 21 21 21 4 8024 Jan. 6554 Jan. 28 Jan. 4 9154 May 6124 Jan. 79 54 Jan. 7 3 4 84 H Jan. Jan. 3 72 3 Jan. 5 15 112 Mar. 14 2} 10824 Mar. 14 24 23 24 Mar. 12 16;l0754 Feb. 15,10624 Apr. 22:10624 Apr. 2llll354 24 5 6 Feb. 12 106 54 Apr. 15 18 Feb. 17 25 Mar. 25 Jan. 12 105 5 78 May 6 8 14 Feb. 5 8 Apr. Apr. May 2 6 10554 May 23 5354 May 28 54 May 23 53 24 May 29 90 May 11 45 May 2i 1154 May 21 Jan. 3 18 May 95 3 21 22 55 8 3 4 3 28 102 Jan. 5024 Jan. 50 54 J an. 5054 Jan. May 11224 May 105 May 8754 May 103 54 Apr. 1 Jan. 11 Jan. 10 Jan. 11 Jan. 5 Jan. 8 Apr. Apr. 4 8 8 Mar. 20 May 15 May 8 19 82 H May 18 6654 Mar. 20 8954 Jan. 2 6454 Jan. 20 6754 Apr. Jan. 31 9924 Mar. 27 5554 Apr. 98 99 11254 10054 105 83 54 May 42 73 54 May May May May May May May May 80 80 Sale May Sale 10554 May 10654 Sale Sale 854 May 854 954 109»will % 10954 May llo^ssSale 10054 May 103 54 Sale 10154 Sale 110 110 Sale May 114 54 Sale 10854$ May 108% Sale 10823s2May loo^ Sale 9254 May 9224 93 9754 Sale 9254 May 98 Sale 9354 Sale 6154 6154 May 7154 Sale 8454 107 54 854 7 8 3 1 7924 62 5724 May May 8054 May May 18 12624 12424 125 Sale 11224 May 25 115 115 11224 10554 105 May 28 11154 10454 11054 111 86 91 Sale 8754 May 14 7054 91 1 10354 Sale 10354 May 10324 Sale 10354 102 May 22 10624 10324 Sale 10654 Sale 1 67 67 Sale May 67 6254 100 106 10554 May 23 10724 10754 10854 105 65 55 Sale 5354 May 28 7054 69 60 54 70 54 May 23 6954 6854 58 70 53 24 May 29 5324 6854 Sale 90 92 9024 75 May 11 92 91 Sale 45 6124 May 21 6054 Sale 1154 May 21 2554 1424 Sale 2354 Sale 9924 May 18 ,10054 100 9924 10054 10054 Sale 105 105 May 15 10724 10654 Sale Sale Sale 94 1945 4224 May 70 May 54 May 120 12754 5754 8954 Tol w Va& Ohio 1st guar 4s c-. 1942 m 5 1966 J d Ujigawa Elec Power sec 7s Union Electric (Mo) 354s Sale d D Tor Ham & Buff 1st 4s.._. 1949 3,000 Trenton Gas & Elec 1st 5s 25,000 Tri-Cont'l Corp conv deb 5s ser a *53 ATyrol Hydro-Elec Power 7 54s..1955 AGuaranteed sec s f 7s. 1952 "ilooo 7924 7054 Sale UTexas Corp deb 3 54s Gen ref 5s ser b. Sale 10554 Sale 1951 1959 90 74 54 10654 Sale 88 Tokyo Electric Light (Ltd)— 1st m 6s $ series June 15 1953 J 260,000 imp 3 24s-1960 J 29,000 Tol & Ohio Cent ref 16,000 143.000 2,000 19,000 451,000 484,000 294,000 56,000 110,000 189,000 34,000 73 Sale 108 4s 45 Sale 12654 11454 g Sale Sale Sale 104 54 108 —1951 Term rr Assn of St Louis 5s—1944 Gen ref s f gold 4s. —1953 Texarkana & f s Ry 5548 a guar 1950 13,000 Tol St l & West 1st 3054 May 35 May 32 May 3154 May 3154 May Sale Sale Sale Sale 51 May j Tenn Coal Iron & rr gen 5s 3s debentures 2,000 Texas & n o cons g 5s 106,000 Texas & Pacific 1st g 5s 55,000 48,000 58,000 18,000 520,000 4,130,000 58,000 251,000 Sale 4854 Sale 4854 Sale 4854 Sale 5654 Sale mn J 520,000 15-year 2 54s debs 1953 j 571,000 Stmdebaker Corp conv deb 6s..1945 Swift & Co 1st m 3 54 s 1950 mn 81,000 13,000 31,000 113,000 18,000 284,000 551,000 10654 124 May May 1454 Apr. 1354 Feb. 104 15 125 25 108 13 1454 16 14 24 80 May 28 95 10554 May 22 109 4 854 Mar. 9 109541 May 18 11224 21 104 54 110 May 31 115 106 24 Apr. 10 109 1082332May 23 11624 92 54 May 29 9954 9254 May 22 9924 6154 May 29 7754 l'0054iMay Jan. Jan. 22 23 5 Apr. 13 May 2 Feb. 8 Jan. 10 Jan. 20 Feb. 15 May 9 Feb. 13 Mar. 11 Apr. Apr. 4 26 Apr. 26 Apr.I 3 N. Y. STOCK 30 EXCHANGE—BONDS CO Sales in go- BONDS May Ask Sale A— F Sale 110M 25 20M 17 20 Sale Sale Sale Sale 18 331,000 77,000 3,000 6,000 1,000 5,000 4,000 184,000 95,000 173,000 99,000 67,000 47,000 13,000 543,000 165,000 6,000 5,000 23,000 2,000 22,000 67,000 50,000 124,000 155,000 166,000 46,000 31,000 76,000 89,000 149,000 165,000 176,000 4,000 134,000 31,000 23,000 518,000 1,000 113,000 110,000 125,000 6,000 516,000 24,000 54,000 2,000 142,000 76,000 1,103,000 312,000 12 Sale 96 Sale Sale \75 80 May May 95 % May 77 May 80 77 92% Sale 88 Sale 103 M 103 M 91 ~96% Sale 91 95 15 92% 28 104 .25 104% 28 91 May May May May 1 1 8 1 110 90 M "93" 75 May 28 89% May 6 90 95 J Feb. 20 Jan. 93% Jan. Apr. 104% May 97 Apr. 115 Apr. 96 Apr. 115% Apr. 104 May 95% May 77 May 100% Mar. 77 May Mar. % 1M 1M 110% 107 % 108M 107 M May 15 111 40 M May 28 48% 51 35 40 75 70 May 29 83 65 83 61 59 M 59 May 14 60 61 108 102 May 21 109% 108M 104% Sale O J* AW a bash RR 1st gold 5s 1939 * a Second gold 5s 1939 Alst lien 50-year gold term 4s 1954 ADet & Chi ext 1st g 5s—,.1941 ----- MN 44 17% 12 8 26 J J Sale 14M 10M 26 10 12M 10 M 40 M F O A O J D F A A F Sale 36 85 34 ----- J D J J 34 44 M 12 8 J J J 126% I"" 108M 109M 118M Sale 108M 109 A J 84 88 M A O M S 17M F A M1V 18% »n S/Z oU 78 11% Sale 11 Sale 53% 56% 55% 10% Sale 44 Sale O J J 105 J J 18 13 Sale 18 9 MN Sale Sale Sale 8M Sale 109M 110 9M 6M 109 M 1948 M S 109 M 1961 Af N 105M Sale Sale Sale 17 "46% 43 Sale Sale 108"" 108% Sale A J 73% Sale \rA 103 M 104M 97 Sale J Sale 108 % 35 Sale Sale 51 16 11 18 Sale 40 101 101M 12% Sale 106 101M 110% 22M 19 8M 7M 109M 110 10M 103M 106M 45 Sale 10% Sale Sale 102% Sale Sale 105% 107 110% Sale 15% Sale 23 % 22 11% 9 4% 7% 8M 8% 4% Sale 106% Sale 107% Sale "20"" Sale Sale 108 38 32 112 102 101 May 27 81% May 28 May 10% May 10% May 50 May 56% May 12 46 M 32 116% 112 Sale 99% 115M 72 98% 101% 9% 100% 96 110% 13% 16% 5 4% 106 Sale Sale Negotiability Impaired by maturity. May May May May May May May May May May May May May May May May Texas Corp. 3%s 1951, entirely June 24 at 103. U. S. Steel 3 %s 1948, entirely July 15 at 103. Bonds selling flat. United following bonds have, been called redemption, either entirely or partially: of America 3%s June 15 at 105. for Cincinnati Gas & Elec. 3%s, 1967, part. June 1 Consolidated Oil 3%s 1951, partially June 1. Container Corp. 6s 1946, entirely June 15 at 101%. Container Corp. 5s 1943, entirely June 1 at 101. Crane Co. 3%s 1951, partially June 1. Fairbanks Morse 4s 1956, partially June 1. Kansas Gas & Elec. 4%s 1980, entirely May 25 101%. Liquid Carbonic 4s 1947, partially June 15. N. Y. Railways 6s 1958, partially July 1. Phelps Dodge 3%s 1952, partially June 15. 1940-43, entirely t The price represented Is the dollar quotation per 200 pound unit of bonds. Accrued interest payable at exchange rate of $4.8484. J Companies reported as being in bankruptcy, receivership, or being reorganized under Section 77 of the Bankruptcy Act/ or securities assumed by such companies a the Deferred delivery sales, only transactions of current month, and not included in year's range n May 92% May 9 6 85 1 6 22 22 22 22 24 23 28 22 3 21 29 28 15 21 15 21 29 15 65 May 68% May 67% May 15% May 47 May 46 May 116% May 14 9 101% May 101 % May 3 9 12% May 9 106% May 102 May 3 112 May 11 9 22% May 21 May 8% May 8% May 110 May 110 May 101% May 28 106% May 10 101 May 20 106% May 1 a The 102 13 108% May 25 21 17 May 21 17 May 107% May 31 • States 59 9 20 102M 102 M Under the rule sales, only transactions of the current month and not Included in year's range. 70 2 May 1 4 10 18 10 22 18 6 1 35 68 M 67 J D 83 M 40 May May May May May May May May May May May May 90 16 30 65 J J 108% 109 M 127 M 109% 117M 111M Sale Sale 50% 78% May 28 19 Sale D O Sale 79 22 18M Sale 114 98 M Sale 101 *»« '63% 31 May 23 May 14 37 60 60 70 70 May 18 109 M 106% 109 % 106% May 23 109 108% May 22 108% 124 122% May 24 125 110 104% May 28 110% 110M 101% Sale Sale 115% May 29 117% 115% 117 Sale 107% May 15 111% 108% Sale 102 M 98% May 31 102% 98% Sale 90 M Sale 15 56 37 108 % J A -59— 17 M J M S 57 101M 31M Sale 12 Sale 79M 68 M 67 - 5M 60 66 M S AAssented Western Union Teleg 4M« gold.1960 M N Gold 5s 1951 J D Gold 5s 1960 M 5 AWestphalia Un El Pow 6s 1953 J J J West Shore 1st 4s guar 2361 J J Sale 5M 4M 4M 4M 102 % Sale Sale 108 Sale 41M 4% 4M 20 6 107% May 15 111 Jan. 23 9 1 29 1 23 25 8 8 15 5 26 3 May 9 4 Jan. 11 Feb. 14 May 7 Feb. 27 Jan. 17 Apr. 24 Jan. 2 Jan. 3 Jan. 3 Jan. 2 Jan. 9 Jan. 4 Apr.. 12 35 Jan. 60 May 18 5 106% May 23 108% May 22 122% May 24 104% May 28 115% May 29 107% May 15 98% May 31 72 Jan. Apr. 78% May 28 16 May 23 81% 107% 10% 10% % Mar. 20 May 6 5 Apr. Apr. 29 51% May 29 76% Jan. 23 62% May 21 109% 31 22 44% May. 4 May 17 May 2 28 10% May 25 % Jan May 14 26 41 Jan. May 21 51 12 12 May 16 May 8 27 10% May May 39% Apr. 6 41 % May 4% May 21 7% May 4 % May May 21 6% May 7 May May 21 4% May 4% May May 22 6% May 10 1 101 % May May 15 105% May 56 May 23 1 66% May May Mayl4 "63*%"MayMaY~lT "76 31 102 D Sale 12 May 6 May 9 May 23 May May May May May May May May 89M 75 108 Sale "79% 32 A M S Sale 76 QM F Sale 66 M A A 41M Sale 6% 6M 6% 6M 105 % M S 31 22 49 First & ref 5Ms series A. Western N Y & Penn gen 4s Registered 2361 Wheeling & L Erie RR 1st con g 4s *49 Wheeling Steel Corp 4 Ms ser A. .1966 White Sewing Machine deb 6s._1940 i* AWilkes-Barre & East 1st gu g 5s'42 Wilson & Co 1st M 4s ser A 1955 Conv debentures 3 Ms 1947 Winston-Salem S B 1st 4s 1960 {AWisconsin Cent 1st gen g 4s__1949 ACertificates of deposit*ASup & Dul Div & Ter 1st 4s. 1936 ACertificates of deposit— Wisconsin Elec Power 3 Ms 1968 Wisconsin Public Service 4s 1961 t AWorces & Conn East Ry 4Ms.1943 14 J Western Maryland 1st g 4s 1952 1977 1943 t AWestern Pacific 1st 5s ser A..1946 28 A Warner Bros Pictures 6s debs—1948 M S M S Bros Co. deb 6s___ —1941 Warren RR 1st ref gu g 3 Ms...2000 Wash Cent Ry 1st g 4s 1948 Wash Term 1st guar 3 Ms 1945 1st 40-year guar 4s 1945 Westchester Light gold 5s 1950 Gen mtge 3 Ms 1967 West Penn Power 5s series E —1963 1st mtge 3 Ms series I 1966 West Va Pulp & Paper 3s 1954 31M 10M F Walworth Co 1st mtge 4s..-...1955 A O 6s debentures .1955 fro j a Warren 44 M J J *ADes Moines Div 1st g 4s_-_1939 J AOmaha Div 1st g 3 Ms .1941 A O aTo! & Chic Div 1st g 4s .1941 M S t AWabash Ry ref & gen 5 Ms A. .1975 ARef & gen 5s (Feb '32 coup) B '76 ARef & gen 4 Ms series C 1978 ARef & gen 5s series D 1980 Walker (Hiram) G & W deb 4 Ms 1945 % Jan. % 45 M 76 M J A Virginian Ry 1st & ref 3 Ms ser A 1966 Mar. 24% Mar. 25 Jan. 100 110 110 M S M S M S Nat 25 1955 1957 MN *a4Ms assented.. -.1934 Virginia Elec & Pow 3 Ms ser B..1968 Va Iron Coal & Coke 1st g 5s—1949 Va & Southwest 1st guar 5s 2003 First cons 5s -.1958 Youngstown Sheet & Tube— Convertible deb 4s 1st mtge s f 4s series O 5 23 % Jan 20 Apr. Vera Cruz & Pacific RR— 244,000 4,000 6,000 19,000 277,000 May 15 24% Feb. 15 115 J Sale Prices 75% May 21 89% Apr. 9 109% May 1.3 110% Jan. 24 103% Apr. 8 106% Jan. 22 12 115 Sale May 9 May 13 May 1 May 2 15 23 M 17 21 88 13 110 16 103% 15 24% 21 12 23M Highest Sale Prices Sale Prices Sale Prices 75% May 109% 109% May 103 1332May 18 May 15% "21M Sale 77 106 M Sale" 17 25 Ask Ask Bid 87 1 Loxcest Highest Lowest May 31 1 A J Bid Sale' 1959 stamped Vandalia consol g 4s Consol 4s series B May 1940 Bid % 80 M 354,000 United Drug Co (Del) 5s 1953 M S 5,000 UNJRR & Canal Co gen 4s.. 1944 M S J09M 170,000 HU S Steel Corp 3 Ms debs ...1948 J D 106 22 M 11,000 iUnited Steel Wks g 6Ms ser A 1951 14 a3 Ms ser A assented 1951 22 M ±6%s series C 1951 14 a3 Ms ser C assented 1951 22 M ASinking fund deb 6 Ms ser A 1947 14 a3 Ms ser A assented 1947 90 27,000 United Stockyards 4 Ms w w 1951 102 M 164,000 Utah Light & Trac 1st & ref 5s..1944 103 M 300,000 Utah Power & Light 1st 5s 1944 89 22,000 t* AUtilities Pow & Lt deb g 5 Ms 1947 a5 Ms stamped ...1947 89 *ADebenture 5s 1959 26", 666 a5s RANGE SINCE JAN. PRICES IN MA Y Price Jan. 2, N. Y. STOCK EXCHANGE Value 90% Mar. 27 36% Mar. 15 37 May 10 70 Feb. 8 109% Apr. 3 109% Feb. 20 128% Apr. 18 110% May 6 120 112 "an. 17 Mar. 15 102% Apr. 26 May 27 May- 28 Apr. May Jan. 4 Feb. 21 Feb. 21 Jan. Jan. May May 50 May 56% May 51 May 11 May 38 May 32 May 112 May 96% Jan. 100% May96 May 101 May- 22 22 4 6 22 Jan. Jan. Mar. 27 24 Jan. 22 4 23 Feb. 28 May 14 May 9 29 29 Jan. 29 10 28 Jan. 23 Apr. Apr. Apr. Apr. Apr. Apr. Apr. May Apr. Apr. 4 27 11 3 2 5 5 2 12 12 101 % May 28 109%'Jan. 101 May 20 106% Apr. 26 97 Jan. 110 Feb. 6 13% May 16% May 5 May 4% May 106 May 107% May 9% Jan. 21 2 15 21 29 15 31 26 2 4 r Cash sales, only transactions of the current month, and not included in year's range. * Ex-interest. following odd-lot sales were transacted during the current month and are not included in the monthly or yearly range. e The Treasury 3%s 1943-47, May 27 at 107.20. Treasury 3%s 1941, May 24 at 103.20. Treasury 2%s 1945-47, May 24 at 106.26. z The following deferred delivery sales were transacted during the current month and are not included in the monthly or yearly range. Atch Top & S Cuba 5s 1944, Fe 4s (1909) 1955, May 3 at 95%. May 24 at 97%. 20 at 6%. Serbs Croats & Slovenes 7s 1962, May New York Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF STOCK PRICES DURING MAY 1940 Stock Sales May . _ _ May_ 12,935,210 96,800,295 a $123,104,000 710,025,000 $176,105,000 Jan. 1 to 741,761,000 May 31 Etchaage, effective Oct. 3. 1915, all stock* are aow quoted dollars p3r share, lots except In the case of stocks which sell only In a small way. In accordance with 1939 1940 Bond Sales 1939 1940 38,964,712 111,392,190 Shares_ Jan. 1 to May 31-.-- rule or the Stock 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 NOTICE— Cash and deferred delivery sales are outside of the regular monthly range are shown in a range for the year. AOQREOATE SALES In Since May 9,400 110 210 4,800 39,000 4,400 5,700 54,600 4,200 10 -50f200 40,600 58,000 14,000 8,100 118.500 " 9,900 21,400 2,400 27,000 102,500 4,000 69,800 3.600 7,700 1940 1,400 11,700 6,600 99,000 22,400 520 52,200 14,500 820 31,300 2,400 128,500 21,600 44,500 700 4,600 50 6,930 15,700 13.500 650 16.000 27.200 14,800 9,600 8,000 102,200 44,800 900 14,000 20,400 5,600 16,400 2,200 2,300 71.400 6,500 19,700 9,300 18,800 90,000 15,600 20,600 246,400 970 121,600 3,300 10,100 8,600 6,740 60,800 3,800 4,100 25 99,100 Adams Express * * 21,000 Adams Miflis 17,100 Addressograph Multigraph—10 169,500 Air Reduction Inc _ 222,600 Allied Stores Corp 5% preferred 9,500 182,200 Allis-Cnalmers. Mfg 100 * 1 50 * * 23,400 25,040 184,300 10,600 12.000 MX Sale 144 42 X 48 Sale 8% 21% 18% 56 X X Sale 50 Sale Sale 48 Sale 11% 14% 21% Sale 15% Sale 10 10% 176 X Sale 13 Sale 12 14 conv 100 preferred --25 100 Amer Car & Foundry--Preferred * 100 American Chain & Cable——* 5% conv American 100 preferred Chicle * 20 Am Com Alcohol Amer Crystal Sugar Co. .—--10 6% 1st preferred -—100 Amer Encaustic Tiling 1 Am European Securities * Am & Foreign Power * $7 preferred * 2d preferred A * $6 preferred -—* Am Hawaiian American 10 Steamship Hide & Leather—1 34 14% Sale 2% Sale 16 15 6% 55 X Sale Sale * -——100 Am Mach & Foundry ...♦ Amer Machine & Metals—.* American Metal * 100 6% conv preferred .* American News Co .* * .♦ Light—— — Radiator & Stand San—* 100 American Rolling Mill -.25 4%% conv preferred 100 Amer Safety Razor —18.50 American Seating Co—* American Ship Building--—-* Amer Smelt & Refining. * Preferred 100 American Snuff.——..-25 6% preferred..—------100 - —— * Foundries American Stores * —* —...— American Stove Co American Sugar Refining.. 100 ...—.—.100 Amer Sumatra Tobacco——* Preferred Amer Telep & Teleg———100 American Tobacco.....—..25 25 Class B —— — 100 Type Founders—.10 6% preferred American 130 133 9X 15 6X 7X 12% 81% Sale 3 4 Sale Sale Sale Sale X 6 2 Sale 25 Sale Am Wat Wks & El • $6 1st preferred-———...* 6X Sale 28% Sale 5% Sale 2X 2 23 X 24. 6% Sale Sale Sale 120 25 Sale Sale Sale Sale 155 Sale 70 Sale 10% Sale Sale Anchor Hock'g Glass Corp $5 div preferred For footnotes see page 40. * 12.50 * 1% 10% 40 Sale 13 Sale 52 Sale 6% Sale 30 Sale 6% 41% 6% Sale Sale 47 Sale 41 Sale 16% Sale 100% 105 117% 21% Sale 110 115 137 140 U4 9 11 9% 8% 7% 13% Sale "5% Sale 4% 9% 90 Sale 2% 14 75 Sale 6% 1% Sale 24% Sale 5% 67% May 2 May May 22 141 43 May May 22 50% May 34% May 25 4% May 28 7% May 24 17 May 21 May 13 May 16 17% May May 36% May 21 48 May 23 , % May 60 May 21 May 21 ay~2 6% M ay—D May 15 % May 10 13 % May May 21 9 May 21 11% May 9 May 21 16% May 9 May 21 26% May 10 30 1% 3% 1% 6% 5% 78% 1% Sale 15 Sale 3 Sale 45% 26% 23 Sale 3% Sale 3 Sale 3% Sale 31% Sale 5 5% 45% 56% Sale 19% Sale 60 58% 13% Sale 3 2% 22 110 50% 1% 19 3% 32% 41% Sale Sale Sale 12 Sale Sale 120 80 Sale 44 Sale 12 5% 10% Sale 11 7% 7% Sale Sale Sale 150 55% Sale 35 Sale 37 138 155 Sale 60 Sale Sale 24% Sale 36% Sale 49% Sale Sale 52 54 143 Sale i Sale Sale 22% 10% 11% Sale 14 Sale 74 15 21 21 28 21 28 24 21 21 23 21 23 23 50 Feb. Feb. 30 May 21 70% May 22 147 46% May 22 34% May 25 52% 9 4% May 28 Apr. Apr. 17 May 21 May 16 36% May 21 % May 23 60 May 21 -4—May 21 % May 15 6 May 21 4% May 21 7 May 21 15% May 21 13 Sale 12% 148% 88 Sale 71% 90 Sale 73 150 Sale 135 Sale 4% Sale 3% 10 Sale 97 99 100 75 Sale 10 Sale 46% Sale 6% 29% 4% Sale 44% if 30 21% 23% 20 X rl3% 19% 111% 112% 107 29% Sale 36 Sale . 22 25 18 50% May 6 May 35 May 63% May 3% May 31% May 5% May 39% May 56% May 20% May 61% May 13% May 3% May 22% May 7% May May 8% May 10% May 4% May 11% 1% 9% 38% 12% 41% 6% 41% 15 28 21% May 2 May 34% May 28% May 4% May May 9% May 48% May 9 May 5 May 23 May 30% May 122 May 51% May 139 May 19% May May 10% Sale May Sale May 75 May Sale 11% May Sale 145 May 69 Sale May 70 Sale May May 139% 137 Sale 2% May Sale 5% May 89 84% May 6 Sale May 30 25% May Sale 4% May 38 40 May 18 Sale May 20 28 May Sale 12% May 110 108% May Sale i?M x20 128 87 164 18 34 13% 100 112 9 5% 4% 75% 1% 3% 57% 48% 8% 154% 15% 67 12 10% 35% 50% 144% 63% 152% 29 21 May 13 22 May 18 16% May 28 21% May 28 87% May 21 17% May 28 174% May 89 22 May 21 90% May 28 151 May 21 4% May 21 10% May 28 101 May 21 11% May 21 50% M!ay 22 May 16 May 21 May 21 May 20 21 May 29 112% May _ §8* _ 10 10 10 11 10 1 6 2 1% Jan. 8 Jan. 3 Jan. 4 14% 12% 17% 26% 73% 12% 3 23 3« 3% 30 41% 10 38 10 1% 12% 20% 2 34% 28% 4% 140 9% 48% 7% 5 23 30% 122 51% 139 Apr. 8 May 10 Mar. 21 Apr. Apr. 16 9 Jan. 25 Apr. 23 Jan. 2 May 8 Jan. 4 Jan. 9 16 2% Jan. 9 Apr. 22 58% Apr. 5 15 18 May 28 May 28 May 22 21 12 75 Jan May 23 May 31 13 May May May May May May May May May May May May May May May 21 May May May May May May May May May May May May May May May May May May Apr. May May May May May May May May May May May May May May May 9% 10 7 6 3 1 10 4 Mar. 26 7— Jan. May Jan. 23 May May May May May May May May May May May May 11 May 6 May 1 May 1 77 May 31 Jan. 28 Jan. Apr. Jan. Jan. Mar. 11 28 28 182 15 14 16% 28 9% 21 55 May 28 73% 21% May 22 41% 10% 10 6 1 1 1 3 17 1 10 10 1 8 8 19 14 27% 19% 58% % 136 116 140 Feb. 1 1% May 24% May 5 May 20% May Sale Prices 110 5 May 43 May 10 May 38 May 10 May 1% May 12% May HH Sale 39% 21% 3 13 9 22 3 10 10 1 3 115 20% 2% 22% May May 140% May 9% May 8% May 7% May 14% May 90 May 2% May 110 May May May May May May May May May 30 43 May 33% May 10 8 50% May 175 May May 1% May May 3% May 21% 3% 139 Sale 45% 36 Sale 14% Sale 67 66% 28% 13% 15% 21% 87% 16% 23 - 18 10% Sale 2% 2% 15% Sale 26 25% 3% Sale 55% Sale 47% Sale 8% Sale 154 28 23 36 63% Sale 152% Sale Sale Sale Sale Sale 1 Sale 69% 150 15 Sale % Sale 122 Sale 1 14% May 2% May 2 16% May 10 9 57% May 17% May 73% May U% May 48% May 9% May 41% May 131 May 115% May 13 c Sale 12% 11% May 1% May 9% May 38% May 12% May 49 May 6% May 43 May 5% May 28 May 128 May 87 May 164 May 18 May 34 May 13% May 100 May 112 May 9 May 5% May 4% May Sale 20% Sale 144 Sale Sale 12% May 3 180% May 10 12%* May 2 16 May 2 8% May 1 73 % May 8 34% May 1 Sale 144 Sale 7% May May 8% May 10% May 4% May 55 May 21% May 136 10% 2% 9% 7 — Sale m Sale 42 Anaconda Wire & Cable.. 11% 2% 16% Sale 23 Sale Copper—.—50 Sale 58 Sale Sale Anaconda Sale Sale Sale 10% 5% 55% 25% Sale 45 Sale Sale Sale 10 28 & Smelt 1 $5 prior conv pref—....25 Amer Zinc, Lead 9 Sale Sale 128% Sale 90% Sale 115% Sale 174% 176% 160% 166 Sale Preferred 13 Sale 131 * 100 American Woolen 7% 141 6% 20 X 50 Preferred Amer Steel Sale 23 106% 113% * 5 % conv pref Preferred 31X Sale 50 52 8 63% Amer Locomotive— Am 138 131 113 X Sale 175 178% Sale Sale 39% Sale Sale 100 $6 preferred $5 preferred Sale 60 —* Corp Amer Power & Sale 6 Sale Amer Invest Co of Illinois Sale 55% Sale 17% 17% 71% Sale 11 10% 48% Sale 1 * preferred Amer internal Sale 2 36 American Ice Sale 16 5% 34% Amer Home Products Sale % 15% Sale 8% Sale 50 6% conv preferred 18 Sale Sale 12 72 44 X Preferred 12% 179% 8% Sale MX 40 X Sale 67 50 5 %% 12% 10% 15% 24% Lowest Sale Prices 72 American Bosch Corp —1 Am Brake Shoe & Fdy—-—* American Can Sale 13 Sale Sale 13 Sale 17 Sale Sale Prices 50 May 21 110# 32% Sah 6 Torsade 1 54 141 39 24% 17% Sale h 1 31 37% 4% Sale 16% Sale 49X -- Sale 7% 24 53% 115 47% 48 22% 10 % 49 X 6% preferred 145 43 Sale American Bank Note— 67% 67% 138 Ask Highest Highest Sale Prices Lowest May 31 Ask Bid Bid 48 20 X 46 10 10 American Airlines inc 120 Am Coal Co of Alleg Co N J-25 American Col or type—. 10 7,380 270,800 69,300 92,800 635,800 1,380 249,000 12,800 32,900 Ask Bid 15 X * 11,300 Alpha Portland Cement Amalgam Leather Cos. Inc 6% conv preferred Amerada Corp Am Agric Chemical (Del) 203,500 37,200 9,400 51,000 12,700 8,900 209,100 41,900 104,200 10,500 65,500 297,900 6,300 171,900 74,100 155,300 3,000 955,600 9,700 23,000 1,340 6,400 1,060 10i — 84,900 Allegheny Corp. Pref series A $30 warr'tsilOO 130,500 Pref series A $30 ex-war 100 26,400 $2.50 prior conv pref * 17,300 242,700 Alleghany Ludl'm Steel Corp * 80 Alleg & West Ry 6% gtd—100 1 36,100 Allen Industries Inc * 62,800 Allied Chem & Dye 5 6,400 Allied Kid Co * 101,800 Allied Mills Co Inc 86,700 10,200 449,600 3.000 * 100 30 Ala & Vicksburg Ry Co ■■"-42-2","S00 Alttaka—Jtmeau" Gold *Mln 460 600 . Appli Corp 11,600 Air-Way Elec 240 3,200 20,100 2,400 3,300 94,000 11,700 27,800 3,300 31,500 123,800 1,600 69,700 30,900 72,200 100 * 240 Abraham & Straus 15,500 Acme Steel Co 800 "2,070 * 23,600 Abbott Laboratories 370 4% conv preferred 37,230 37,000 39,200 1,600 37.600 2,300 67,500 62,500 24,400 44,800 312,400 120,500 5,200 45,700 87,100 21,600 41,500 5,400 7,900 133,000 21,800 58,600 22,300 56,500 1 May Par Shares 24,000 4,400 27.900 19,100 280,800 63,400 4,040 128,000 35,300 1,650 81,700 7,800 230,300 41,800 93,700 1,700 11,400 1 Jan. 2 Jan. 1 Shares RANGE SINCE JAN. PRICES IN MAY Price STOCKS N. Y. STOCK EXCHANGE 24 21 27 28 21 28 Jan. 4 Apr. 12% Apr. 15 9 50 Jan. 3 9% May 3 45% Jan. 3 133 Apr. 3 116% Jan. 29 176% Jan. 16 33% May 10 51 % Jan. 2 23% Jan. 3 21 112% Apr. 22 9 28 140% May 23 13 Feb. 23 18 9% 8% 15% 91% 3% 6% Apr. 4 Jan. Apr. 5 18 21 21 18 Mar. 25 Mar. 8 Apr. 16 2% Jan. 8 8 28% Jan. / Y4. 4 7% Jan. 8 24% Jan. 50 % May 3 6% Apr. 23 38 Apr. 22 66% Apr. 3 3% Apr. 1 23 35 27 22 4 15 21 21 28 21 28 24 21 21 23 31 22 25 18 15 Mar. 29 6% Jan. 6 Apr. 26 Apr. 27 22% Jan. 3 63 Apr. 24 14% Jan. 3 3% Jan. 4 45 57 28 25 20 121 Mar. 20 Mar. 19 31 26 Mar. 15 21 5% Jan. 63% Jan. 21 54 21 10% Jan. 7 Jan. 20 163 Mar. 15 17% Jan. 21 70 Jan. 31 12% Mar. 11% Feb. 23 15 37% Apr. 15 21 54 Apr. 11 28 147 Apr. 15 21 22 70 Feb. 9 25 152 % May 1 19% May 21 9% May 22 11 May 18 12% May 28 75 May 28 11% May 21 145 May 28 69 May 22 70 May 21 137 May 28 2% May 21 5% May 21 84% May 28 6 May 21 25% May 21 JX May 22 38 May 16 18 May 21 20 May 21 12% May 21 108% May 29 33% 14% 17% 23% 93 18 3 Apr. 12 Jan. 5 Feb. 23 Feb. 23 Jan. Mar. 13 175% Mar. 12 89% Apr. 15 91 % Apr. 9 151 May 3 5% Apr. 8 12% Jan. 4 101 % Apr. 15 12 Apr. 23 52% Apr. 23 8% Apr. 10 45% Apr. 22 32 Apr. 9 41% Apr. 8 22% Mar. 8 112% May 2 N. Y. STOCK EXCHANGE-STOCKS 32 AGGREGATE SALES Since May 1940 May 2,000 182,100 11,100 24,400 7,000 14,800 20 31,800 300 1,100 900 4,300 92,600 6,000 43,000 6,400 5,600 108,400 1,000 80,600 14,500 4,500 740 6,500 15,100 8,100 2,240 390,600 403,300 87,200 33,000 5,400 780 20,000 6..2QQ 760 75,900 18,000 40 13,600 400 400 50 1,100 7,200 12% Andes Copper Mining Co.—20 3% A P W Paper Co Inc -5 32 Archer Daniels Midland * Armour (Del) 7% preferred_100 106)4 5)4 Armour of Illinois 5 47)4 $6 convertible prior pref. 52 500 7% preferred100 3754 80,700 Armstrong Cork Co * 10% 15,600 Arnold Constable Corp 5 9% 31,300 Artloom Corporation * 110 96)4 7% preferred 100 8 88,800 Associated Dry Goods 1 75 2,400 6% 1st preferred 100 77)4 5,500 7% 2d preferred .--100 36)4 3,700 Associated Investment Co—* 95 7,290 5% preferred 100 24% 277,500 Atchison Top & S Fe 100 50% 22,100 5% preferred-. — 100 22)4 87,100 Atlan Coast Line RR 100 16 25,100 Atl G & W I SS Lines 1 18 22,500 5% preferred— -.100 20% 209,700 Atlantic Refining 25 3,700 4% conv pref series A—100 108% 8% 224,000 Atlas Corp 5 47% 48,600 6% preferred 50 63)4 13,100 Atlas Powder * 2,230 5% conv preferred -100 123% 6% 27,100 Atlas Tack Corp * 2% 55,300 J Auburn Automobile * 2 55,720 Austin, Nichols & Co — * 16% 8,340 $5 prior A * 7% 943,400 Aviation Corp (Del) The 3 6,300 18,800 10,600 9,400 563,400 49,400 632,800 Baldwin Loco Wks vt tr ctfs.13 100 182,700 Baltimore & Ohio 58,000 4% preferred 100 50 24,300 Bangor & Aroostook 5% conv preferred 100 7,800 10 48,400 Barber Asphalt Corp.. 12,000 Barker Bros 2,300 —5%% preferred—-—--—50 5 156,600 Barnsdall Oil Co 18,500 1,700 10,200 573,700 9,700 5,500 9,400 48,400 2,600 270 30 291,400 459,200 20,200 440 1,010 8,800 48,400 76,800 3,000 11,900 24,700 81,600 90,000 1,800 3,700 39,800 8,900 156,000 400 12,400 21,700 1,000 21,200 41,000 840 81,500 4,090 47,700 42,900 15,200 35,300 36,200 1st 510 preferred 56,600 Beatrice Creamery $5 preferred with warr 1,200 230 Beech Creek RR Co 4,200 Beech-Nut Packing 17,100 Belding-Heminway 1,790 17,300 4,300 22,500 23,700 1,200 5,200 18,800 74,300 29,900 82,300 50 99,900 4,300 2,700 340 260 16,100 11,200 10,300 24,000 1,094,400 pref $2.50 div ser '38-* Best & Co —* Bethlehem Steel Corp (Del)--* 7% preferred— 100 Bigelow-Sanford Carpet Inc—* Black & Decker Mfg Co 40,300 22,800 23,600 133,400 Blaw-Knox 9,500 Bliss & Laughlin Inc 870 Bloomingdale Bros 650 Blumenthal & Co pref 410 110 14. 11 24 Sale Sale 14% JX 26 * 5 13 1% Sale 7 Sale 98% 4% Sale 60 Sale 38 58 60 10% 9% 101% 8% 110% 97% 40% Sale 10 10% 7% Sale Sale 102 23% 6% 4% 110 75 7% Sale 5 75 80 60 76% 42% 78^4 39% 77% 50% 43 30 99% 83 99 o97^ Sale Sale 22% 56% 16% 21% Sale Sale 14 Sale 42% 10% 20 Sale Sale Sale Sale 9 21% 24% Sale Sale 109% 108 Sale Sale 9 Sale 65 77 123% 7% Sale Sale 1% Sale 3% Sale 25% Sale 7% Sale 2% 7 43% Sale 7 20 Sale 101 48% 121% Sale 9% 20% Sale 48% 58 112% 4% "2% 15 5% 16% Sale 5 6 Sale 12 Sale 45 42% 15% Sale 13% 3% 4% Sale 15% 9 jy? 29 "29 12% Sale. 26% Sale 113% 114% 27% Sale 107% 108% ll 34% 112 33 111 .7 -sme¬ 8 9% 61% 31% 21% 56% 38% 80% 115 31 Sale Sale i 30 121 Sale 9% 65% 33% 22% Sale 54 63% Sale 39% Sale Sale 30% Sale 21 Sale 10% Sale 23 Sale Rights Bon Ami class A Class B . 5 —* * 1 Bond Stores Inc 15 5 Borden Co (Th'e) Borg-Warner Corp Boston & Maine RR Bower Roller Bearing 100 Co 5 65.700 Brewing Corp of America. -.3 * 194,000 Bridgeport Brass Co 210,900 Briggs 4,700 13,500 195,200 80,100 755,600 49,400 104,800 Manufacturing Briggs & Stratton * * -5 Bristol-Myers Co. Brooklyn & Queens Transit. .* $6 pref certifs of deposit Bklyn-Manhattan Transit * $6 preferred series A * Certificates of deposit * .* 65,400 Brooklyn Union Gas * 3,500 Brown Shoe, Inc — 104,500 Brunswtck-Balke-Coll 86,300 2,000 166,600 11,070 169,100 90,100 37,500 200,000 112,400 91,400 * 5 10U * 100 Bucyrus-Erie Co 7% preferred Budd (E G) Mfg Preferred 7% Budd Wheel * Bullard Co * Bui ova Watch— Bush — Term Co Terminal 64 Sale 22% 21% 25% 2% 33% 23% Sale Sale 2% Sale 11% 22% 38 52 Sale 113 95- 7% 27% 18% Sale 55% 50 4 12% 100 80 * * 50 15 100 72 24% Sale Sale 39 Sale Sale 20% 4% Sale 81 15% Sale 51 Sale Sale Sale Sale 39% 28 50% Sale 3% Sale 19 19% 23% Sale 39 107 21 37 39 Sale 24 5% 31% 29% 19% 10% 4% Sale 4 14 73 118% 74% Sale 54 Sale 29% 8ale 109 10% 61% 23% 3% 112 4% 9 5% 92% Sale Sale 65 Sale 3% Sale 5 Sale Sale 102 5% Sale 31 40 Sale Sale Sale 108 60 Sale 33 Sale Sale Sale Sale 27 Sale Sale Sale 6% 4% 17% 2% 7% 42% 10% 15% Sale Sale Sale Sale 24% Sale Sale 5% 5 Sale 20% 13% 7% 2% 51% 1% 7% 38 Sale 27 Sale 54 > Sale 39 41% Sale 39 Sale 45 1% 5% 12% 14% 32 2% 30 3% Sale Sale Sale Sale 18 Sale Sale 45 13 Sale Sale Sale Sale 36% Sale Sale 4% Sale 39 88% 27% 2% 89 70 "79" 27% 29 Sale Sale 2 Sale 44 68% Sale 45% 117% 103 105 50% Sale 46 Sale 34 Sale 23% Sale 118% 10% 69 25% 2% 111% 4% 10% 5 98 3 9 1 13 3 13 1 11 1 4 1 10 May 10 May May May May May May -MayMay May May May May May 7 May 13 May 8 May 6 Sale Sale 110 5% Sale Sale Sale 40 55 Sale 19 Sale 2% Sale Sale Sale 5% 102 2 100 2% 5% 50 4% May 8 May 13% May 27 May 38 May 2% May 17% May 15% May 107 May 56% May 13% May 27 May 14% May 6% May 97 May 3 May 21 May 3% May 23 May 17% May 12% May 7% May 2 May 10 3 3 1 10 10 2 2 1 10 1 13 8 10 3 11 8 23 May 8 13% May 10 21 23 22 May May 22 39 52 May 23 3% May 21 19% May 21 24% May 21 1 107% May 62% May 21 21 21% May 21 36% May 27 21 May 9% May 23 28 111 May 5 May 23 41% May 21 5% May 22 33 21 May 29% May 21 20% May 22 10% May 22 4% May 21 Sale 110% 2% Sale 3 3% 93% 102 58% 22% 6% 3% 96% 4% May May May May May May Jan. May May May Jan. May 74 % 3 1 1 Apr. 2 98% 4 49% May 33 May 82 May 13 May 39% May 9% May 8% May 10 May 18% May 104 May 7 May 43% May 57 May 115 May 4 May % May 1% Feb. 10 May 4% May 39 9 14 May May May May May May May May 21 21 28 24 22 22 21 21 11% May 6% May 22% May 3% May 11% May 62 May 11 14 May 1 25 May 2 1 4% 11 11% 36 May May May May May May May May 2% 29% 3% 38% May 77% May 22% May 2 May 39% May 105 May 42% May 20 May 105% May 5 May 58% May 18 May May 107 May 2% May 4 May 3 May 94 May 1% May 10 7% May 10 18% May 3 20% May 7 38 May 14 5% May 38% May 5% May 45 May 89 32% 3% 68% 117% 51% 35% 101% W* 72 25% 2% 113 4% 11% 5 98 May May May 11 May May May May May May May May May May May May 10 May 2 May 14 21 15% Apr. 12 16 4% Apr. 10 21 35% Feb. 27 31 110% Apr. 30 21 7% Apr. 22 21 64% Apr. 22 68 4 Apr. 20 4 21 43% Apr. 4 11 22 Apr. 4 22 9% Jan. 12 101 % Apr. 18 9 Jan. 11 22 80 8 1 May 85 Jan. 16 22 Mar. 26 20 45 8 23 100% Mar. 3 21 25% Jan. 21 57% Apr. 24 3 22 23% Jan. 21 22% Apr. 20 23 22% Apr. 20 7 21 27% May Jan. 25 24 110 23 9% Mar. 19 51 Feb. 14 31 23 80% May 13 22 124% Jan. 10 2i 8% Mar. 4 4 15 2% Jan. 4 7 5% Mar. 21 32% Mar. 4 15 8% Apr. 15 12% May 23 2% May 15 3% May 15 8 May 21 34 May 21 8% May 21 4 May 15 -20—May- 21 7% May 25 20% May 21 112 May 15 18% May 21 105 May 28 103 May 27 29% May 14 102 May 22 7% May 21 63% Feb. 27 24% May 28 17% May 22 50 May 17 22% May 21 63 % May 23 109% May 22 14 May 21 15 May 15 5% May 15 13% May 21 11 May 14 4 55% Jan. 14 % May 28 % May 21 19% May 22 99 May 23 51 % May 22 17% May 28 17% May 23 12% May 21 1 May 18 26 May 22 4% May 8 May 13 % May 27 May 38 May 1% Jan. 12% Jan. 13% Jan. 23 21 22 22 23 5 30 30 49 Jan. 3 48 Jan. 1.5 13% May 21 27 May 21 14% May 21 May May 21 May 3 % May 3 20 Jan. 14 May May May May May May May May Jan. 39 9 1 4% 11 11% 36 2% 29% 3% 38% 77% 22% 2 39% 105 42% 20 105% 5 58% 18 1% 107 2% 4 3 May May May May May May May May May May May May May May May May May May May May May May May May May 93% Jan. 8 Jan. 14% Jan. 52% Jan. 16% Apr. 8% Jan. -29-%-Mar; 13% Jan. 36% Apr. 115% Mar. 35% Apr. 112% Apr. 105 May 32 Apr. 127 9% 67% 36% 22% 56% 39 89% 125% 34% 22% 11% 23% Jan. 4 17 12 16 22 7 11 24 9 Apr. 2 Apr. 9 Apr. Mar. 13 Jan. 18 Jan. 3 May 10 May 10 Jan. 5 Apr. 4 4 16 Jan. Jan. Apr. 80 Mar. 2 Apr. May May Jan. Mar. Apr. Mar. 15 28% 4% 29% 123% 70% 29% 24% 25% 2% 37 % 7 Jan. Jan. May 3 3 10 3 5 20 25 27 3 4 8 Mar. 15 13?Apr. 29 23?Apr. 18 39% Feb. |1 53% 3% 19% 24% 107% 63% 25% 37% 29% 10% Apr, »5 Apr. 11 Apr. 8 Apr. 6 May 6 Apr. 8 _ Jan. 4 Apr. 30 Apr. 6 Feb. 9 May 7 23 Jan. 21 22 19 17% May 21 12% May 22 7% May 22 2 May 21 5% 4% 17% 2% 6% 19% May 10 6% Jan. 2 28 111 6% May 23 97 51 5% 4% 17% 2% 6% 53 Sale 45 116 35 35% May 22% May 55 May 36% May 89% May 125% May 25% May 21 May 10% May 21% May 14% May 66 May 25 May 4% May 29% May 120% May 67% May 28% May 23% May 22% May 2 May 37% May 24% May 17% May May Sale 22% May Sale 63% May Sale 109% May Sale 14 May Sale 15 May Sale 5% May Sale 13% May 11 15% May Sale 60 May Sale 14% May % May Sale 19% May Sale 99 May Sale 51% May 21 19% May Sale 17% May Sale 12% May 1 1% May Sale 26 May Sale Sale 11% Sale 6% Sale 22% 22% 3% 3% 11% Sale 67 60% 24 May May May May May May May May May May May May May May May May May May May May May May May May May May May May 12% May 23 2% May 15 3% May 15 8 May 21 34 May 21 8% May 21 4 May 15 20 -May" 2T 7% May 25 20% May 21 112 May 15 18% May 21 105 May 28 103 May 27 29% May 14 102 May 22 7% May 21 Sale Sale 20 Sale 27 41 Sale 84% 23% 2% 15 1 17% 36% 38 59% 18 25% Sale 8% Sale 7% 110% 111% 100 4% Sale 3% Sale 6% 38% 86% 25% 20 100 Sale 18% Sale 18% Sale Sale Sale 3 61% Sale 15% 5% 15% Sale 22% 115 121% 102 57 66% Sale 28% Sale 19% 23% Sale 18% 22% Sale 15% 2 2% 1% 28% 23 23% 390 60 39 Sale 7% 24 69 Sale Sale Sale — 8% 31 Sale 7% 20% 7% preferred loo Caterpillar Tractor * Celanese Corp. of America * 7% prior preferred 10'J Celotex Corp * 5% preferred loo Central Aguirre Associates * Central Foundry Co 1 Central 111 Lt 4%% pref 100 jCeutral RR of N J -_100 Central Violeta Sugar Co Century Ribbon Mills * Sale 105 4% 9% 15% Sale 5 * Sale 109 Sale 11 10 Sale 8 May 10 May 4 May 9 13% 21 3% 16 35 21 21 110 7 21 60 21 • 101" 32% 124 May May May 99% May 4 May 35 May 8 2 24 22% May 21 6% May 22 3% May 22 100 105 May 13 Sale 4% May 22 78 75 May 2 64% 49% May 22 33 33 * May 20 Sale 82 May 23 Sale 13 May 21 Sale 39% May 21 Sale 9% May 22 10% 8% May 21 10 May 23 10% Sale 18% May 21 104 May 24 107 Sale 7 May 23 Sale 43% May 28 57 62 May 23 115 115 May 22 4 5 May 21 % May 15 "2% 2% May 18 Sale 10 May 21 Sale 4% May 15 Sale 6% 13% 1% 1% 12% 13% 14% Sale 49% Sale 48% 49% 23% Sale 38 35% 21% Sale 9% Sale 101% 103 5% Sale 40% Sale 5% Sale 24 22% Highest Sale Prices 4% Sale 28 6 Lowest Sale Prices Sale 111% 114% 23% Sale 105% 112 36% Sale 25% 82% Sale 71% 124% Sale 112% 18 25% 25% 17 21% 20% 10% Sale 7% 20 15 20% 14% Sale 11% 66 Highest Sale Prices 95 Sale 8 35% Sale Sale -.30 40 25 Sale 114 35 Sale * 10,500 Cannon Mills 9,500 Capital Admin Co Ltd cl A—1 $3 preferred class A 10 3.010 1,180 Car Ciinchfield & Ohio Ry__ 100 5 28,300 Carpenter Steel Co 1 25,000 Carriers & General Corp 100 26,100 Case (J I) Co 40. 121% 19% 11% 4% 1 5% preferred page Sale 31 1 145,000 Callahan Zinc-Lead 160,400 Calumet & Hecla Cons Copper 5 Campbell W & C Foundry * 103,700 -5 428,900 Canada Dry Ginger Ale 100 400 Canada Southern Ry Co 25 412,400 Canadian Pacific liy__; see Sale 23% 1 * 100 49,000 Byers (A M) Co Partic preferred 3,240 14,600 Byron Jackson Co 80,400 Calif Packing Corp For footnotes 22% Bldgs— Depos. ctfs. 7% pref 4,650 35,800 Butler Brothers. 5% conv preferred 10,400 52,000 Butte Copper & Zinc Preferred 17% 56% * Burlington Mills Corp Burroughs Add Mach Sale 40 36% 9% Sale 4% Sale -20"%- -21% — Bohn Alum & Brass Corp 2 103 30 126 589.500 Boeing Airplane Co 459,200 51,000 2,980 5,030 47,800 163,800 240,400 8,500 32,600 Ask Sale Sale 15 200 400 3,100 13,600 Sale Lowest Sale Prices May 31 3 34 Sale 50 40 320 6,600 30,400 12% Sale 1 Ask Bid Sale * 1,600 37,900 139,300 4,150 38,900 13% Sale 17% Sale 5% Sale 100 ■-* '2,280 97,100 485,900 20,020 236,700 1,500 45,200 61,300 1,860 10,300 34,500 3,500 . Rys part pref Prior 700 50*400 50 20 * 5 622,500 Bendix Aviation Corp 59,800 Beneficial Indus Loan Corp..* 5,400 Bid _* Pref ex-warrants 400 Bush 36.400 -* 100 25 * 78,900 Bayuk Cigar Inc 500 Belgian National 151",400 Ask Bid Par Shares 2,000 4,400 3,700 1 Jan. 2 Jan. 1 Shares RANGE SINCE JAN. PRICES IN MAY Price STOCKS N. Y. STOCK EXCHANGE In 21 21 28 24 22 22 21 21 2 21 21 21 21 5 22 28 23 22 28 21 5 6% 44% 6% 33% Apr. 29 33 Mar. Jan. 5 Feb. 17 7 21% Jan. 10 3 12% Jan. 5% Apr. 22 13% 7% 23% 4% 13% 81% 15% 26% 52% 1% 8% 19% 23% 40 Apr. 22 Jan. 4 Apr. Jan. Jan. Jan. Jan. Feb. Mar. 13 Feb. 21 Feb. 21 Apr. Apr. Apr. 18 3 17 6% Mar. 40% Jan. 6 Apr. 45 May 90 Apr. 32% May 24 3 Jan. 23 6 Jan. 118% Jan. 15 56% Jan. 21 35% Apr. 29 22 119 Apr. 8 21 12% Feb. 15 23 72 May 1 22 26% Apr. 22 3 1.5 3% Jan; 28 18 114% Mar. 18 5% Apr. 21 21 11% May 6 31 100 Mar. Apr. 9 5 10 7 16 AGGREGATE SALES Price STOCKS In Since May Shares 33.000 41.000 10,250 2,900 290 9,500 3,900 27,500 78,300 1,100 3,000 6,200 5,800 6,100 8,400 36,200 2,300 28,100 1,400 400 3,200 1,100 1,000 1,800 13.400 24,700 9,200 3,210 May 88,400 Cerro de Pasco Copper 106,200 Certain-Teed Products.—--1 51,680 6% prior preferred 100 * 8,000 Chain Belt Co Champion Paper & Fibre Co—880 6% preferred 100 Common * 35,700 — 21,200 Checker Cab Mfg 82,000 JChesapeake Corp 227,100 Chesapeake & Ohio -25 Preferred series A --10U 5,600 5,400 IChic & East ill RR 6% pf-100 38 16,200 40,700 73,900 91,200 13,500 59,100 6,900 3,600 14,700 4,500 6,800 6,800 48,900 61,800 Sale Sale Sale 19% 20% 6% 32 % 103 101 25% 26 16% 17 4% Sale tChicago Great Western— 4% preferred —100 Chicago Mail Order Co.___--5 JChic Milw St Paul & Pacific. * $5 preferred ....—.100 ^Chicago & North Western .100 Preferred —100 Chicago Pneumatic Tool * $3 conv preferred ---• Prior pref ($2.50 cum aivs) tChicago R I & Pacific 100 7% preferred 100 6% preferred 100 Chicago Yellow Cab.. -* Chickasha Cotton Oil --10 Sale o Sale Sale Sale Sale 35% 49 Sale Sale Sale 1% 9% % % % % 12% 33% 46% 3% 470 110 37% 52,400 310 12,100 1,300 65,600 15,100 1,430 26,700 830 2,750 380 14,100 13,000 228,200 4,300 129,100 235,900 1,150 30,100 3,800 300,600 46,300 1.830 45,800 2,020 7.200 1,200 45,800 1,400 168,600 267,900 15,800 . 200,600 3,200 17,200 6,700 460 85,300 15,000 360 670 151,200 163,800 8,500 4,600 10,600 10,800 239,400 3,100 15,600 2,900 2,000 45,300 29,500 37,600 3,300 40,100 3,300 21,700 19,700 334,700 73,700 11,900 72,600 9,900 4,550 36.600 700 36,200 14,800 54,700 2,500 3,300 7,600 29,900 420 1,000 127,800 2,380 68,400 6,100 570 95,000 1,580 9,400 4,500 30,200 11,300 1,251,700 115,500 Sale 77% Sale' Sale Sale Coca-Cola Co (The) Oltiss Ak 65 Colgate-Pafmolive-Peet Co—* Sale Collins & Aikman— --* Sale preferred 100 5% conv "19% Iron Corp..* Colorado & Southern— 100 Colorado Fuel & 43,600 22,600 920 Sale ..100 5 Sale 2.50 2.50 --* 100 Class B 6% preferred series 5% preferred Sale 100 695,000 Columbia Gas & El A Sale Sale Sale 100 78 Sale 10% Sale Sale Sale % Sale 17 Sale 15 19 % 6% % .1 Sale Sale % Sale 10 Sale 34 26 31 48% 41 V* Sale Sale Sale ..... Sale $2.75 conv preferred 11,300 120,700 Commercial Credit 48 % Sale %6 Sale 8*" 9* 9% 3% 24% 58% 10% 89% 45% 2% 10% Lowest Sale Prices 22% May 24 3% May 22 15% May 21 15 May 28 May May Sale Sale Sale Sale Sale Sale % 6% % %, % % 8% 23% May May May May May May May 28 21 1 15 13 21 15 May 21 41 May 22 % May 20 %6 May 8 % May 21 7% May 21 9 May 21 2% May 21 24% May 14 53% May 28 10% May 21 90 May 14 45 May 18 2 May 15 24 May 21 1 8 May May May May May May May 9 9 6 1 8 7 13 1% May May 15 21% May 8 4 3 8 1 2 1 3 6 1 % May May 16 1 % May 11 May 10 3 14% May 1 6% May 4 30% May 3 87% May 1 13% May 7 97 May 45 May 18 1 3% May 2 38% May %s 45 15 May 9 Apr. 18 Mar. 23 Apr. 3 Jan. 8 Jan. Jan. 16 3 2% Jan. 12% Jan. % May 28 6% May 21 % Feb. 28 % Feb. 28 % May 13 % May 21 8% May 15 23% May 21 41 May 22 % May 20 8 *16 May % May 21 7% May 21 9 May 21 2% May 21 24% May 14 53% May 28 10% May 21 89% May 31 7 %6 May May % May % May 12% May 33% May May 8% Feb. 36% Feb. 100% May 28 106 17% May 22 30% 11 May 21 29% 3% May 22 4% 30% May 28 42% 85 May 22 97% 2% % May 15 10 47 Highest Sale Prices 41 % Jan. 10 22% May 24 3% May 22 15% May 21 15 May 28 May 10 May 1 37% 6% 31% 21% 78 —48 % "37 40% 138% 127 60% 16 31% 111% 19% 3% 4% 3% 24% 24% 88^ 78 10 Sale 105 $6 preferred 54,200 —-* 710,700 Commonwealth Edison Co..25 Sale Sale * Sale 4% Congoleum-Nairn lnc * Congress Cigar tConn Ry & Ltg 4)4 % pref. 100 Consol Aircraft Corp 1 Consolidated Cigar— -* Sale 7% preferred 100 6 % % Prior pref 100 Consol Coppermines Corp 5 Consol Edison Co of N Y Inc.* $5 preferred * Consolidated Film Industry. .1 $2 partic preferred * Consol Laundries Corp 5 Consolidated Oil Corp * Consol RR of Cuba 6% pf-100 7.430 of America-.20 Continental Baking Co class A * Class B ---* 8% preferred 100 Container Corp 25 100 --1 Preferred Coty lncCoty International Corp . * 70 52,400 6,400 2,600 25,800 1,370 For footnotes 8 $8 preferred Cutler-Hammer lnc 9^ 40. Sale 4% Sale 7% Sale 1% 2% 16 Sale 18 101% 16% Sale 13% Sale 1 % 92% Sale 94% 11% S% 29 32 17 Sale 17 4% Sale Sale Sale 70% Sale 60 Sale 16 16 4% 67% 66% 73 Sale 71 May May May May May May May May May May May May May May May May 21 Sale May May May May May May May May May May May May May May May May May May May May May May May 22 82 110 Sale 3% Sale 4% 15 Sale 30 Sale 98 84 35% 92% Sale 7 Sale 115 7% 40% Sale 3 % Sale 23% Sale 28% 29% 99 Sale 9 Sale 4l¥ Sale 42 Sale 26 Sale 5% Sale 11% 10 Sale Sale 26% 4 3% 15% Sale 10 Sale 6% 22% 9 Sale Sale 23 10 Sale 64 10 Sale 75 Sale 5% 25 33 3% Sale 23% Sale a-19 Sale 30 Sale 23 Sale Sale 18 Sale Sale 51 Sale 40 Sale 53% Sale 176% 179 6% Sale 1% Sale 19% Sale 42 Sale Sale Sale Sale Sale 45% Sale 160 *jf 170 Sale 1 Sale 87 99 105 98 Sale 25 Sale 4% 22% 29% Sale Sale 28% Sale 6% Sale 35% Sale 45 43% 43 42% 19% Sale 94% Sale Sale 39 Sale 85 91 Sale 71 Sale Sale 27% 18 Sale 37* Sale Sale 90 82 82 90 53 60 58 20% Sale 4 J> 4% 17. 3% 4 Sale 81 Sale 13% Sale 26% Sale 4% Sale 44% Sale Sale 30 Sale % 2% 14 8% 6% 19% 7% 63 75 4% Sale 60 31% 7% 8 % 35% 106% 5% 30% 3% 53 103 97% 45% Sale 115% Sale 8% Sale Sale Sale 99 33 Sale 6H 64% Sale 172% 180 4% Sale 23% 3% 14% 28 97% % 5% 2% 5% 65 61 26 Sale 24 42% 113 108 Sale 30 75 107% 108% 100% Sale Sale 1 % Sale 9% Sale 3% Sale 2% Sale 7% Sale 6% Sale 2 1% 1% 1% Sale 3 4% 4% 18% 17% 12% Sale Sale 103 93 95% 18% Sale 11% Sale 12% Sale 7% Sale % 1% Sale % 90% 77% 89% 73% * 100 Sale ..... 13% Sale 86% Sale 93% Sale 8% Sale * 1 Davega Stores Corp 5 Conv 5% preferred 25 Davison Chem Corp (The) 1 Dayton Pr & Lt 4%% pref. 100 see page Sale 30% Sale 107% Sale 1% 22 3% 7% 88% 14% 26% 3% 48% 10% 28% 89% ... Class A Sale 89% Sale Sale * 5 $5 conv preferred * Crucible Steel of America. .100 Preferred .100 Cuba RR 6% preferred 100 Cuban American Sugar 10 Preferred 100 Cudahy Packing Co 30 Cuneo Press lnc ..5 Curtis Publishing Co (The)..* Preferred. ..* Curtiss Wright Corp 1 . 8 50 Co. .20 Corn Products Refining $2.25 conv pref ww Sale 5 Corn Exch Bank Trust 635 Cushman Sons 7% pref 50 40 8?0* 4 Preferred ex-warrants 9,000 357,800 Crown Zellerbach Corp 12,400 2,100 249.000 5,900 29,000 23,700 68,300 31,800 1,826,600 424,700 7 29% 100 25 142,900 Crane Co 5% conv preferred 100 7,700 13,600 Cream of Wheat Corp (The)..2 * 21,700 Crosley Corp (The)... * 178,400 Crown Cork & Seal 144,100 9% 5% preferred v t c 100 Consumers Pow Co $4.50 pref.* 230,400 Copperweld Steel Co. Conv pref 5% series 23,600 2,940 Sale Consolidation Coal Co v t c.25 20 137,900 Continental Can $4.50 preferred * 6,800 57,100 Continental Diamond Fibre..5 2.50 71,300 Continental Insurance 1 1,053,700 Continental Motors 5 197,200 Continental Oil of Dei 37.200 Continental Steel Corp__._- 11,960 104,000 3,000 226,100 100,000 Sale 63 21 113 21. 40% 16 79 16 48 22 37% 21 41% 22 141 106 Sale 14% 1% 67% 32% 28,600 1,080 227,600 117.800 1,630 2,610 447,300 546,300 36.200 13,900 34,100 35,700 484,900 7,000 30,700 5,900 6,900 159,000 93,800 94,300 16,400 Sale May May 80 74 May .j-g— -May Sale Sale 31 25% May Sale 31 Sale 25% May 135 Sale 137% 131 May Sale 102% 104 99% May 56 60 61% 56 May Sale 10% Sale 10% May Sale 20% Sale 16% May 108% 109 108 May Sale 15% Sale 12% May 2 2% 4% 1% May Sale 2 2 5 May Sale 2 4% 2 May 110% Sale 4%% conv. preferred—100 4,000 120,820 Comm'i Investment Trust—* $4.25 conv. pref ser of 1935-* 3,300 —* 629,300 Commercial Solvents 829.500 Commonwealth & Southern—* 43,500 26 112% 113% 108 28 40% Sale Sale 93 6% Sale 20% Sale 45% Sale 106% 106 53% Sale 94% * 9,600 Conde Nast Publications 37% Sale * 14,600 Columbian Carbon v t c 38,300 Columbia Pictures Corp vtc.* 23,400 2,200 1,200 11,700 300 114% --* 100 Cluett Peabody & Co Preferred 4% 1st preferred 630 4% 2d preferred Columbia Broadcasting 64,200 System lnc class A 270 4,200 13,100 1,500 47,100 27% Sale 3% Sale 65 -110 —Special gtd -4-%-stoGltin»w«-—50Climax Molybdenum Co—--* ^ioa 37,000 Highest Sale Prices 24 % Jan. % Jan. % Jan. 1% Jan. 14% Jan. 35% Jan. 50 4 5 5 3 5 Mar. % Jan. % Apr. % Jan. 11% Mar. 28 16%*Apr. 15 6% 33% 91% 14% Mar. 25 3 Apr. 8 Apr. Jan. 26 6 98 Feb. May 18 z60 Jan. 30 May 15 4% Apr. 26 May 21 40% Apr. 18 St L Ry—- 5% preferred -100 1,710 Cleve Klec 111 $4.50 ser pref--* 5@,800 Cleve Graphite Bronze (The) -1 430 Cleve & Pitts RR Co 7% gtd.50 10 11,100 Ask 105% 106 100% 103 100% May 20 106 1*9 27% Sale 20% 17% May 22 29% 23% 25 11% 13 11 24 May 21 4% Sale 3% Sale 4% 3% May 22 39% Sale 32% Sale 30% May 28 40% 93% 95% 85 83% 87 May 22 94% 1% 2 1 Sale % May 15 1% 45 5 * Clev Cine Chic & Sale 6% 30% 20% 13% 96% co".:::::::: loo 17,600 City Stores 50,200 Clark Equipment 36 % 10% 11 14% Sale 6% Sale 30% 34% 85% Sale h Lowest Sale Prices May 31 Ask Bid Sale 25 atyHi 1 Bid % * Childs Co 620 Chile Copper 140 Sale - 677.100 Chrysler Corp... 36,600 City Ice & Fuel 5,750 130 5,300 11,300 Ask Bid 21,300 1 1940 Par 450 279,500 n. y. stock RANGE SINCE JAN. PRICES IN MA Y Jan. 2 exchange Jan. 1 Shares 33 n. y. stock exchange-stocks June, 1940] 21% 4% 16% 7 % Sale 7 112% Sale 112 4 Sale Sale Sale 27 28 Sale Sale 94 68 Sale 5 17% 7% Sale 43 37 13% Sale 80 Sale 28 Sale 1% 4% 67 10% 3 Sale 68% 11% 20 Sale 31% Sale Sale Sale 23% 2% 2ig 75 50 xl6H 3% 14 4% 110 Sale Sale 90 70 Sale 4% 15 4% Sale 1% 2% 8% 93% 9% 7% % 73 May May May y Ma, May May May May May May May May May May May May 2l'l27 24' 60% 21 16% 21 32% 23111* 21 24 15 3% 17 4% 22 3% 21 22 28 28 29 21 24 21 15 21 21 21 22 21 21 18 15 May 1 May 6 May 1 May 10 May May May May May May May 107 May 14% May 1% May 68 May 32% May 4% May 22% May 11% May 8% May May 13% May 90% May 94 May 8% May 32% May 109 May 1 May 29 21 21 21 17 22 23 22 15 21 22 22 21 21 16 65 Mar. 6 7 108 May 21 1 26 May 21 7 74 May 16 l6 -46%-May-16 8 25% May 22 9 25% May 21 10 131 May 22 1 99% May 21 3 56 May 24 3 10% May 21 6 16% May 21 14 108 May 23 10 12% May 21 3 1% May 15 10 2 May 17 3 2 May 22 24% 6% 89% 78% 93% 6% 20% 45% 106% 53% 21 29 24 25 15 15 2 30 3 6 10 1 11 7 10 3 May 3% May 7% May 2 May 4% May 18% May 13 3 103% May 18% May 10 l 12% May 1 1% May 90 21 46 May May May 21 116 9 4% May 21 27% May 25 40% 2 4 May 15 16% May 21 24 18% May 21 30% 15% May 16 25% 47 May 21 70 41 May 28 53% 44% May 21 60% 165 May 25 179 4 May 21 6% % May 18 1% 13% May 28 21% 80 May 22 25% May 28 29 3% May 22 6% 18% May 21 35% 43% May 13 44* 40 May 13 12 May 22 21% 75 May 21 95% 25 May 21 43% 64 May 21 94 1% May 24 3% 3% May 21 8% 60 May 21 90% 9% May 23 15% 20 May 27 27% 2 May 17 31% May 24 7% May 15 11% 21% May 21 29% 80 May 22 90% 55 May 15 60 14% May 15 21% 3 May 21 4% 13% May 22 16% 3% May 22 7% 107% May 23 112% 110 , 7 May May May 3 May 1 May 17 May 6 May May May May May May May May May May May May May May 80 :• 8 37 10 May May May 8 May 10 May May 10 May 10 1 4 7 3 May 3 May May 11 May 8 May 2 14 Mar. 30 Feb. 27 21 35% Apr. 8 112% Feb. 10 24 May 10 4 % Apr. 4 5% Apr. 4 5 Apr. 4 Jan. 21 6% 24% 14% 9% 31% 29 16 29 92 29 95 21 9% Feb. 32% Apr. 15 13 21 8 8 26 4 15 29 3 21 8 6 5 4 8 8 Feb. 3 17 Feb. 29 Apr. Apr. Apr. Apr. Apr. 4 15 21 8 9 5 5 21 110% Mar. 25 17 3 1% Jan. 22 10% Apr. 4 23 22 15 21 22 4% Apr. 4 8% Apr. 9 3 2% Jan. 4% Apr. 29 2 18% xVLar. 22 104 Feb. 7 21 Apr. 24 Jan. 10 21 16 21 Jan. 9 2 37% Jan. 12 May 22 75 May 25 May 64 May 1% May 3% May 60 May 9% May 20 May 2 May 31% May 7% May 21% May 80 May 10 10 May Feb. Feb. 19% 15% 1% 97% Apr. 4 Jan. 10 33 May 21 49% Apr. 9 106% May 31 116% Jan. 26 9% Apr. 4% May 21 9 27% May 25 40% Mar. 5 2 2 4% Feb. May 15 J an. 25 5 16% May 21 33 Apr. 8 18% May 21 8 15% Mar. 16 25% May 47 70 May 21 May 8 41 3 May 28 61% Jan. 4 65% Jan. 44% May 21 165 May 25 179 May 8 4 7% Apr. May 21 8 % Jan. 10 1% Apr. 5 3 13% May 28 24% Jan. 80 Jan. 5 May 22 105 5 25% May 28 32% Feb. 2 3% May 22 7% Jan. 18% May 21 38% Apr. 3 4 May Jan. 5% Jan. 19% May 7% Jan. 63 May 75 May 4% May 23 May 97% May % May 5% May 2% May 5% May 1% May 2% May 8% May 93% May 9% May 7% May % May 73 May 10 May 63 20 12 10 May 131 12 9 May May 142 May 21 26% Mar. May 21 26% Mar. 4% May 22 7% Apr. 67% May 28 93% Apr. 60 Jan. 79 May 31 71 May 29 98% Apr. 3% May 21 8% Mar. 14% May 24 23% Jan. 28 Jan. 48 May 21 99 May 15 108% Feb. 33 May 21 56 Apr. Mar. 97% May 21 113 8 May 21 16% Apr. % May 22 1% Apr. 42 May 21 73% Jan. 26 33 May 21 Apr. 4 May Mar. 28 16 3 May 6 16 10 May Mar. ~48—Mar. 26 41% Apr. 1 45% Apr. 4 2% May 22 14 May 18 10 21 65 114% Jan. 10 43% Mar. 8 53 Jan. 14% May 3 May 13% May 3% May 107% May , 45 Feb. 26 4 43% Apr. 21% May 4 95% May 9 43% May 10 95 Apr. 25 6 4% Jan. 8% May 10 91% Feb. 17 Apr. 29% Feb. 24 22 24 4 4% Jan, 51 May 4 8 11% Mar. 32% Mar. 14 92 60 Mar. 9 May 10 22% Apr. 30 7 5% Mar. 17 Apr. 27 8% Apr. 4 113% Apr. 12 AGGREGATE SALES PRICES IN MAY Price STOCKS In May 800 7,000 4,550 6,800 3,100 12,400 36,600 2,600 2,000 2,050 20,300 40,200 145,900 15,300 50,100 27,000 200 280 74,200 5,800 740 142,500 319,250 13,200 30,100 300 37,400 4,500 9,100 69,400 147,600 I Shares Deere & Co * Preferred 20 Deisel-Wemmer-Gilb Corp.-10 Delaware & Hudson 100 Del Lackawanna & Western.50 IDenver Rio Gr & West pf-100 Sale 100 Sale * Sale * Sale Detroit Edison Devoe & Raynolds A Diamond Match Partic 6% preferred Distil Corp-Seagrams Ltd 480 1,400 20,800 7,100 4,900 1,700 6,400 11,800 40 23.000 2,100 4,800 36,300 4,100 1,300 12,200 5,200 110 27,100 260 2,800 400 8,800 900 12,800 29,200 230 7,700 39,000 5,400 2,900 8,100 660 305,800 53,600 1,000 14,700 30 7,200 1,460 530,600 9,200 5,100 26,100 10,100 230 2,600 20,400 320 26,300 9,900 18,000 7,600 8,560 14,200 18,200 3,600 Sale 1824 Sale 3424 Sale 40 24 Sale Sale Sale Sale 35 13 24 36 54 1854 23 54 Sale 77 Sale ^ 83 Sale ?i* 2924 3524 524 13 54 60 1054 3154 1654 1824 Sale 12 Sale 87 77 _* Sale 168 191,900 Dresser Mfg Co 78,300 Dunhill International. 2,000 Duplan Silk 8% 800 * 17X 1 Sale * 100 preferred 13 120 196,200 Du Pont de Nem & Co (E I)_20 $4.50 preferred * 31,750 2,540 Duquesne Light 5% 1st pf-100 1 374,500 Eastern Airlines Inc Rights 319,250 32,000 Eastern Rolling Mills 85,400 Eastman Kodak Co of N J 6% preferred— 1,006 122,100 Eaton Mfg Co 5 — * 100 4 Sale Sale Sale 4 24 Sale 15654 Sale 29% 1624 1)4 Sale 17 Sale 5 38 Sale 3 1524 Sale El Paso Natural Gas Co * * 3 50 Endicott-Johnson 100 5% preferred Engineers Public Seryice $5 conv preferred >>o.50 preferred $6 cum preferred Equitable Office Building jErie RR 4% 1st preferred 4% 2d preferred- 1 * * * * 100 100 100 56 Erie & Pitts RR Co Eureka Vacuum Cleaner 5 1% Sale 724 Sale -3-123'SMe" 27 Sale 2824 Sale 124 Sale 4124 Sale 41)4 43 10924 11024 1124 Sale 7924 Sale 8824 Sale 9324 Sale 154 124 3 3)4 2 124 "324 " 424 Sale Sale 124 Sale 45 it?* 107 924 J 24 66 Stores.* 100 1 24 Sale 22 24 91 24 19 Sale Fire Ins..2.50 40 Sale 10 A—-100 2124 2324 20 24 Sale 10424 105 * 46 * 2024 3424 Sale Sale Sale Florsheim Shoe (The) cl A—* 24 2424 IFollansbee Bros * 224 2 24 Food Machinery Corp— 10 3324 3424 454% conv preferred-.—100 10624 10724 Foster- YVb eeler -,■--.* ...—10 7% conv preferred * * 100 10 Francisco Sugar Co 830 Franklin Simon pref 119,500 Freeport Sulphur Co Gabriel Co (The) class A * 19,400 Gair Co Inc '(Robt).. 1 90,000 $3 preferred 10 27,200 Gamewell Co (The) * 15,890 570 Gannett Co Inc conv $6 pref--* Gar Wood Industries Inc 3 58,000 Gaylord Container Corp 5)4 % conv preferred 5 60 Gen American Investors 12,100 1,600 29,500 2,700 44,900 77,000 2,140 19,300 134,200 23,300 19,100 28,100 4,570 799,000 163,800 4,300 * $6 preferred Gen Amer Transp Corp General Baking Co $8 preferred —* 5 5 * 5 General Bronze 19 Sale 72 80 424 30 524 50 634 102 10324 5624 Sale 724 Sale 624 138 145 1824 11324 4024 4724 324 Sale 23 5334 Sale Sale Sale Sale $4.50 preferred * General Gas & Electric cl A__* 117 121 preferred A * —* 24,600 General Mills 5% preferred 100 6,610 General Motors Corp —10 1,148,200 $5 preferred .* 24,400 Gen Outdoor Advertising A_.» 19,800 40 General Cable Corp Preferred — * Class A 7% General Cigar Inc.. 7% preferred 100 * -—100 General Electric Co General Foods Corp 53,600 * * $6 160 conv Common 112,100 27,300 General Printing Ink $6 preferred 600 . ...1 * 3 1124 2124 53 124 Sale 91 Sale 9324 12824 Sale 5424 Sale 12524 128 3f* 3!h 924 105 924 110/ General Public Service...._..* General Railway Signal 6% preferred Gen Realty & * * 100 Utilities Corp.,1 $6 preferred General Refractories .* ....* General Shoe Corp ...1 Gen Steel Castings $6 pref—* General Telephone Co 20 Gen Theatres Equip Corp...* Gen Time Instrument Corp..* 6% preferred 100 General Tire & Rubber Co—6 Gillette Safety Razor 6 $5 conv preferred... * For footnotes Bee page 40. 1824 12 24 1924 13 11 1824 1924 89 Sale 24 1724 3224 1424 324 54 Sale 2324 29 18 Sale 1924 Sale 13 Sale 1624 8224 9924 2224 Sale 624 Sale 4724 49 16 Sale 54 24 424 5 90 16" 18 2 54 224 % May 87 May 17 May 224 May 24# May 16* Sale 15 82 Sale 82 1624 93 Sale 1024 Sale 10 39 Sale 30 Sale 27 24 23 10 23 14)4 12 24 18 24 1854 Sale 10524 Sale Sale 44 1854 Sale Sale 36 23 54 224 Sale 23 24 27 54 106 Sale 108 1954 Sale 83 24 77 5 24 524 17 Sale 102 554 6 1424 86 3424 12 2624 1824 154 2024 100 1054 Sale 8954 37 Sale Sale 2054 Sale 28 324 Sale a Sale Sale 17 Sale 104 Sale 14 9 10 40 55 14 24 52 24 654 Sale 102 24 103 24 52 24 Sale Sale 7 354 95 37 24 4 24 100 39 554 Sale 130 124 13124 Sale 124 Sale 3 324 4 24 Sale 7 Sale 13 24 22 Sale 1224 79 24 Sale 5724 Sale 19 11654 Sale Sale 37 48 24 Sale 11654 118 24 Sale 35 40 94 96 127 -228 53 24 126 24 5524 6 24 8 24 10824 54 1654 15 103 24 106 Sale 30 Sale ill* 25* 78 12024 116 Sale 40 Sale Sale Sale 40 Sale Sale 118 Sale 41 3624 Sale 4 3 24 Sale 7 724 Sale 10324 10924 100 54 1 ,54 17 Sale 98 ft" 91* Sale 95 % 18 24 19 Sale 1454 Sale 2924 Sale 22 54 Sale 28 54 12 Sale 21 Sale 10524 Sale 1754 Sale 6 4624 Sale 4824 X22 Sale 12 Sale 1?* Sale 1824 824 Sale 1624 1524 98 103 11 2 54 20 89 4 19 19 61 62 3 24 2024 2654 11 84 3224 1024 25 24 10324 105 Sale 924 55 124 2 24 , 124 a 51 Sale Sale 15 31 101 24 15 524 May May 21 158 23 175 May May 22 36 28 16)4 May 28 54 May 17 40 24 May 21 3 17 24 May 10 21 2)4 May 25 5 May 21 Sale Sale 2254 May May 1854 May 1824 May 4)4 May 54e May 122 May 1824 May 35 May 41 May 8 May 1924 May 83 May 1354 May 37 May 2424 May 1824 May 94 24 May 10 170 May 11 29"24 May 8 954 May 9 13 May 10 116 May 9 18824 May 1 12554 May 6 118v May 9 4424 May 8 254 May 8 28 y8 Highest Sale Prices 13 54 May 22 2154 11)4 854 254 54 9854 1254 2o)4 32 454 1254 56 54 954 3054 14 \\H 71 54 137 May May May May Apr. May May May May May May May May May May May May May 14 54 Jan. 5 May 1254 May 114 May 14654 May 114 May 11254 May 2654 Jan. May Sale Prices 23)4 Apr. 29 2854 May 22 1954 Apr. 21 2354 Jan. 21 5)4 Jan. 54 Jan. 3 22 125% Jan. 21 2354 Jan. 22 3654 Apr. 21 4354 Feb. 15 1054 Feb. Jan. 21 20 24 8554 Apr. 15 1454 Apr. Feb. 22 38 21 2454 Apr. 22 23)4 Jan. 9454 May 21 Apr. 28 171 12 30 Apr. 10 Mar. 21 1354 Jan. 13 Jan. 15 120 28 18954 Apr. Mar. 22 126 22 11854 Jan. 44 54 May 22 254 May 22 9 6 9 3 3 2 8 10 10 3 21 8 5 9 29 23 10 10 9 24 30 18 17 8 4 19 8 8 3 6 54 Jan. 3 May 15 2 May 21 16654 Jan. 178 Jan. 9 May 22 37 9 Apr. May 4 1754 Jan. 1054 May 2 154 Jan. 54 Mar. 25 4154 Apr. 16 May 1854 Apr. 20 1054 May 125 159 54 May May 1854 May 1554 May 24 54 May 54 May 26 May 35 May 102 May 554 May 63 May 66 May 3 22 15 Jan. 4 Jan. 8 21 -36-/r -Jan.—~8' 8 21 3154 Jan. 2 24 33 54 May 154 Jan. 10 22 Jan. 3 21 Apr. 13 22 Mar. 19 22 Jan. 8 21 Jan. 8 31 Jan. 8 31 4 Jan. 54 May 15 54 May 15 154 May 14 May 15 Jan. 84 Mar. 8 4 Jan. 5 Jan. 3 Apr. 4 80 Sale 2 Sale Sale 17 24 45 24 124 124 32 24 24 724 124 5 24 19 24 13 246 124 124 Sale Sale Sale Sale 1324 Sale Lowest 24 May 22 124 May 2 6 May 2 May 15 ay-24 34^-May—4 1554 May 21 3054 May 7 24 24 May 24 33 24 May 124 May ,54 May 22 26 May 21 37 May 35 May 22 46 May 102 May 22 10724 May 10 May 554 May 21 64 May 27 7954 May 10 67 May 28 85 May 85 May May 17 92 54 May 15 % May 24 May 15 154 May 124 May 14 224 May May 15 154 May 2624 May % May 3 24 May 3024 May 17 24 May Sale 224 324 Sale Sale 159 Sale Sale 103 39 10924 May May May 22 May 1024 May 24 May 25 May 1024 May 3 125 Sale 37 424 2824 524 Sale 1424 26 24 Sale 3 3224 102 Sale 80 33 Sale 2024 25% 54 27 24 3524 10224 654 63 Sale 29 •• 23 Sale Sa Sale 35 *16 Sale 24 324 Sale 22 * Sale 1224 95 Sale Corp Fidelity Phenir 28 Sale % % 124 Sale 2 24 224 154 100 Ferro Enamel Sale Sale 54« Sale 2654 1124 66 Sale 424 1 8624 158 73 99, 85 Sale Sale 160 128 84 2824 4)4 24 4)4 % preferred-. Sale^ 93 16 * 3 24 1524 90 Sale Federated Department 13 54 May 22 21)4 May 29 11)4 May 22 8 24 May 21 Sale Sale 224 May 21 )4 May 22 9824 May 22 12 24 May 21 13 24 Sale 2524 May 22 32 37 May 21 4 54 May 15 Sale Sale 1224 May 21 56 2£ May 24 82 9 24 May 15 1124 Sale 3024 May 22 14 Sale May 21 Sale 1124 May 22 Sale 7154 May 21 Sale 137 May. 28 15 Sale May 21 5 Sale May 21 1224 May 13 1024 114 May 15 Sale 14624 May 28 Sale 114 "May 22 Sale 11224 May 22 Sale 2754 May 21 132 May 22 Sale 80 Sale Federal Water Service A Sale 7824 Sale 1524 124 6 Sale Sale 35 27 Fajardo Sug Co Porto Rico-.20 Federal Light & Traction—15 $6 preferred *J Federal Mining & Smelting—2' Federal Motor Truck * 21,200 4,000 30,300 13,500 1,450 62,000 190 Sale Sale , Sale 30 24 32 24 424 3924 1 1 tale 3 6% preferred series 9,100 30,600 First National Stores Flintkote Co (The)-. 103,200 Florence Stove Co 56,500 150,800 25,600 1)4 524 354 954 33 24 •54 6 54 46 24 27 24 5 90 Filene's (Wm) Sons Co 43.100 Firestone Tire & Rubber 50 3524 Sale 1624 1624 24 Sale 3924 Sale 16 24 Sale Exchange Buffet Corp * Fairbanks Co 8% prererred_100 Fairbanks Morse & Co * 165,500 3,900 4,920 79,900 77,800 23,600 1,400 6,900 64,300 18,300 14,700 4,800 17,700 44,500 22,100 53,900 5,200 176 824 23 24 144,500 Evans Products Co Ex-Cell-O Corp 11,800 46,900 1,030 56,400 19,800 47,300 27,100 21,910 62,900 53.000 11,100 1854 8 54 624 13 24 924 1224 115 Sale 11424 156)4 18824 Sale 125 12524 12054 114 11524 116 40 24 Sale 2854 173 6 140 Sale Sale * * 27 54 8 176 2 * Sale 173 12,000 Edison Bros Stores Inc 440,100 Electric Boat Elec & Musical Industries— Sale. 5)4 16624 49,900 Eitingon Bchild 218,500 Electric Auto Lite (The) 670 11,500 Sale Sale Sale 24,600 6,400 24,300 3,800 3.250 120*' 16 2124 13 24 924 2 24 Sale Highest Sale Prices Sale Sale Sale iH * Ask Sale * 220 35,600 1824 1724 454 * 9,600 560 22 24 28 Lowest Sale Prices May 31 * 2Y.566 25,300 69,300 1,000 1,500 31,500 24,900 5,600 % 9 Sale j Doehler Die Casting Co Dome Mines Ltd "8*666 200 42 1 Ask Bid 335,700 Douglas Aircraft Co Inc 47,500 Dow Chemical Co 12,800 11,000 16,900 2,400 89,100 1,400 3,300 Sale * — Class JSl 45,800 9,000 1,350 277,700 17,100 8,400 4,700 39,700 24,100 32,800 7,100 390 Sale 100 5% prer with warrants Dixie-Vortex Co American shares 22,200 292,100 Electric Power & Light 347866 —153rl"00 ~^-preferred——■ $6 preferred 76,000 18,000 32,700 Electric Storage Battery 8,900 15,500 Elk Horn Coal Corp 5,800 1,700 Sale 2 4,900 108,300 11,500 26 Sale 25 Diamond T Motor Car Co May Ask ! Bid Par 182,900 20,500 16,700 105,900 123,100 4,800 12,800 14,300 21,100 9,900 41,100 121,700 7,600 9,790 11,210 75,700 113,600 1 1940 Jan. 1 60,500 7,800 4,200 34,400 62,100 RANGE SINCE JAN. Jan. 2 N. Y. STOCK EXCHANGE Since Shares EXCHANGE-STOCKS N. Y. STOCK 34 12 x4% Sale 39 3624 2454 May May May May May May May May May May May May May May May May May May May 154 May 254 May 10H May May 98 May 354 May x9 May 50 May 354 May 96 May 3554 May 554 May 118 May 154 May 454 May 115a May 50 May 12 54 May 102 May 2654 May 36 May 111)4 May May May May May 3754 May 116 May 35 May 354 May 554 May 102)4 May 54 May 9)4 May 90 May 54 May 15 May 20 May May May May May May 10554 May 10)4 May 454 May 33)4 May 35* lis* 11* 21 23 20 28 21 21 29 27 15 22 28 28 21 21 20 21 21 22 22 28 20 5 21 21 21 22 22 24 28 3 54 May 1 9)4 May 9 3454 May 10 May 15 6 54 May 2 1 4654 May 29 May 10 16 May 100 May 22 May 354 May 54 May 22)4 May 925-4 May May May May 13 May 105 54 May 44 54 May 1854 May 36)4 May 24)4 May 2 May 28 May 106 May 11 6 1954 May 76 May 13 May 10 29" May 11 3 3754 May 288 \VA 2 554 1954 17 5-4 103 54 5)4 61* 10354 53 7 54 132 3 7 2254 79 54 1954 11754 37)4 49 54 1175-4 36)4 9754 127 5854 7 10954 98 3!* 1454 3154 22)4 12 2354 106 18 654 47 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 May May May May May 9 1 1 10 6 10 3 10 10 1 13 9 2)4 May 5 May 2054 Jan. 9ie May 3 54 May 30 54 May 1754 May 11 May 87 May 17 May 2 54 May 7i« May 15 May 82 May 10 May 2754 May 1454 May 1254 May 84 May 3254 May 10% May 25)4 May 19 May 154 May 19 May 105 Feb. 954 May 61 May 2 54 May 8 10 1 25 May 10 Jan. 3 Mar. 11 Apr. Apr. Apr. 8 18 3 Mar. 27 Jan. 3 Jan. Jan. Jan. Apr. Jan. Feb. Jan. _ 14 5 Jan. 3 Jan. Jan. 24 2 Apr. 5 Mar. 26 Apr. Jan. 4 9 Jan. 9 Apr. 4 Apr. 29 Apr. 30 Apr. 18 May Jan. 29 24 % May Apr. 15 154 May 254 May 1054 May 12 May 98 May 354 May x9 May 4854 Apr. 354 May 96 May 35 54 May 554 May 118 May 154 May 454 May 1154 May 4854 Feb. 12 54 May 102 May 2654 May 36 May 11154 May May May 77 54 May 118 May 3754 May 116 May 35 May 354 May 554 May 10254 May 54 May 9)4 May Jan. 9 20 36* 8654 Jan. 8 Feb. Apr. 1354 May May May May May May May May 98 Feb. 15* 20 1154 14 16 54 7 54 1054 May 454 May 33)4 May Apr. 24 Apr. 30 Mar. 5 Mar. 27 Apr. 22 Apr. 24 May 3 Apr. 4 Mar. 20 Jan. 3 Jan. 8 Jan. 4 Jan. 9 Jan. 3 Apr. 8 Apr. 24 Apr. 16 Mar. 27 Jan. 2 Apr. 15 Jan. 6 Jan. 2 Jan. 8 Apr. 8 Jan. 5 Apr. 8 Mar. 23 May Apr. 4 8 Jan. Jan. 10 Jan. Jan. 11 Feb. 21 3 4 Apr. 2 1854 Apr. 5 4 3354 Jan. 1554 Jan. 11 3154 May 10 24 54 Mar. 13 54 Jan. 7 4 2354 Apr. 27 106 May 1 23 54 Jan. 4 6 54 Mar. 6 51% Mar. 14 AGGREGATE SALES Jan. 2 1940 exchange n. y. stock May May Shares 58,800 3,500 25,600 900 23,100 19,400 80 79,600 5,700 111,000 5.100 5,600 280 58,700 27,400 5,000 4,600 13,100 12,300 2,100 35,500 146,000 15,800 380 12",256 142,700 8,200 100,600 21,000 850 1,400 2,700 1,400 240 21,300 ~2t400 240 1,060 22,200 50 7,800 1,400 106,600 3,500 44,000 1,800 70 15,800 17,200 780 800 800 1,000 13,500 6,300 17,700 180 74,100 2,300 46,400 2,200 1,000 58,200 7,400 2,800 1,800 22,400 43,900 27,800 79,400 7,600 500 870 6,000 20,600 6,400 150 17,500 102,000 7,400 14,800 500 15,300 960 6,200 141,500 10,200 3,500 9,600 52,700 1,000 40,000 202,300 27.800 259,800 9,200 98,700 4,500 430 500 6,900 4,300 50 9,400 1,600 4,100 20 2,200 690 41,400 30,500 500 38 H 2% Sale 2)4 Sale 83 *4 88 Sale 1954 64*4 2354 92*4 3*4 Hayes Mfg. Corp — Hazel-Atlas Glass Co Heeker Products Corp Helme (G W) 66 Sale 94*4 3*4 69 Sale * 15 11,900 2,800 Household Finance— Common stock 5 % preferred 100 109.100 Houston Oil of Texas v t c—25 --5 24,200 Howe Sound Co— 21,600 Hudson & Manhattan.....100 5% preferred 100 11,100 76,900 Hua Bay Min & Sm Co Ltd —* * 96,900 Hudson Motor Car. 90.600 Hupp Motor Oar Corp . 1 150,500 14,600 3,130 4,320 21,200 51,300 16,700 Illinois Central 100 RR 100 6% preferred series A Leased line 4 % -100 RR sec stock ctfs ser A-1000 Refining 10 Industrial Rayon Corp Ingersol-Rand580 6% preferred 100 45,500 InlanaSteel251,000 Inspiration Cons Copper—_20 1 27,300 Insurancshares Ctfs Inc. Indian 26 1 Sale Sale 140 60 24, 31*4 35*4 Sale Sale 131*4 61*4 115*4 Sale Sale 6*4 13*4 110 Sale 34 Sale Sale 4* Sale Sale 118 Sale 88*4 Sale Sale 133 Sale Sale Sale .--100 Sale International Salt * International Shoe -* International Silver..--.—-50 Sale 36*4 28*4 100 Sale Sale Sale Sale * Intertype Corp Island creek Coal 9 2554 Johns-Manville. Preferred 1 - 66 Kalamazoo Stove & Furn Co 10 260 Kansas City Lt 1st pref ser B.* Sale Sale 120 Jones & Laughlin Steel * 19,700 Kansas City Southern... 4% preferred 100 4,600 6,100 Kaurmann Department Stores 1 300 5% conv pref erred -.100 7,000 Kayser (J) & Co—.—-—--5 1.110 Keith-Albee Orpheum pref. 100 Kelsey Hayes wheel—T Convertible class A— 1 145,300 Conv class B 102,200 1,570 Kendall Co $6 part see page 40. pref Ber A.* Sale 14*4 Sale 34 93 Sale !|__16*4—17— 106 100 15 95 Sale 10 Sale "26" 9*4 Sale Sale 14 16 2 2*4 11 126 5*4 2*4 90 109 7*4 87 109 164 166 150*4 19*4 Sale 14 99 132 65 133*4 128 HO,, 114 Sale Sale Sale Sale 6*4 54*4 Sale 37*4 37*4 14*4 Sale zl00*4May 96 May 16*4 May 130 132 May 5*4 May 6 89 89 May 2*4 May Sale 90 92 May 7*4 May Sale 97 94 May 163 May 160 12*4 May 14*4 Sale 81*4 47 97 76*4 May May May 94*4 May 14*4 May 84 128 57 Sale 57 105 14*4 Sale 22*4 Sale 19 4*4 May May May May 28 May 8*4 May 5 11 May Sale 108 103 35 39*4 Sale 28*4 29*4 10*4 Sale 20*4 Sale 5*4 Sale % Sale 3*4 12*4 Sale 3*4 Sale *4 Sale 54*4 May May 3*4 May 29*4 May *4 May 2*4 May 12 May 3 May *4 May 10*4 Sale 21 21*4 6*4 Sale 14 12*4 5 *4 May 12 May 40 32 71*4 Sale 109*4 110*4 5*4 Sale Sale 1*4 1*4 4 5 42 4*4 5*4 8 Sale 25 110 54 99 4 30*4 m Sale 154*4 158 89 Sale 14 Sale 6*4 Sale 3*4 Sale 3 2*4 41*4 Sale 110*4 U4*4 10*4 1*4 Sale 34 Sale 2 140 71 854 4*4 2*4 2*4 25*4 90 2*4 7*4 1*4 18*4 147 175*4 Sale 41 57*4 Sale 164*4 140 161 2*4 3*4 Sale 5*4 13*4 Sale 4*4 5*4 Sale _ 3*4 51*4 36*4 24 23*4 100 3*4 3*4 8*4 87 7*4 27*4 20*4 109*4 12*4 46*4 10*4 Sale 37 71*4 Sale 50 127 63*4 Sale 14 14*4 ..--- 123*4 51*4 10 118 3h 18*4 12*4 13 97 82 9*4 „ 10*4 103 11*4 108 Sale 9*4 Sale 16*4 103 22 17 May May May May 24 May 15*4 May May 27*4 May 11 140*4 May 13 22 22 29' 15 28 21 18 21 34*4 May 8 15 May 1 11*4 May 1 24*4 May 10 3*4 May 10 28*4 May 10 3*4 May 6 16 May 1 34*4 May 35 *4 May 16*4 May 105 Sale 31*4 31*4 May 3 May 5 Sale May Sale 16*4 May 72 Sale May 140 Sale May 66*4 May Sale Sale 7*4 May 5 5 May 2*4 May 2*4 2*4 May 3 24 Sale May 95 May 2*4 May Sale 6*4 May 1 May 1*4 18*4 May 22 140 Sale May 33 4 . 9| Sale 147 38 May May 1*4 May 5*4 May 3*4 May 145 Sale Sale 4*4 Sale 106 May 103*4 May 25 May 137 May 8*4 May 101*4 May 4*4 May 109 May 10*4 May May 109 May 165 19*4 May 71*4 111*4 6*4 43*4 1*4 4*4 Sale «§* 98 3 7 9 May 34*4 May May Sale 122*4 May 48*4 May 55 10 10*4 May 117*4 May 120 4 3*4 May 11 Sale May 9 May 10*4 92 May 100 Sale May 103*4 98*4 May Sale Sale 45 5*4 May *4 May 17 11*4 May 21*4 May May 8 4*4' May 11 41 , 1 8*4 May 7 25*4 May 110 May 1 154*4 May 15 89 14*4 3 78 2*4 41*4 111 4*4 11*4 1*4 34*4 176*4 57*4 163 3*4 13*4 6*4 May May May May May May May May May May May May May May May May May 11 21 22 21 21 22 21 29 21 2l 22 28 15 22 14 4*4 May 22 10 6*4 10 26 '21*4 11*4 15*4 18*4 131*4 58*4 19*4 44*4 4*4 3*4 Apr. 88 Jan. 8 20*4 69*4 24*4 97*4 4*4 71*4 1*4 Apr. 4 Mar. 7 4 Apr. Feb. 21 8 Feb. 9 Jan. Jan. 30 1 10 1 1 15 1 2 10 10 6 4 May Apr. Apr. 3 8 8 Feb. 21 Jan. 8 142 Feb. 6 Mar. 55 Jan. 29 35*4 Apr. 17*4 Jan. 4 12 3 May 9*4 May 9 May 16 May 1*4 May 11 May 2 May 8 May 5*4 May 12 May 31*4 May 3 May 5 May 16*4 May 72 May Jan. Jan. 5 4 Jan. 4 Apr. 8 22 Apr. 22 Jan. 9 Fefe,JJ9- Tan. Jan. Mar. Jan. Apr. Apr. Apr. Apr. Jan. Apr. Apr. Mar. Apr. 8 12 30 4 12 5 9 16 29 8 8 20 22 Apr. 9 Jan. 30 Apr. 16 Jan. 9 Jan. 4 Apr. 4 4 Mar. Apr. 20 Mar. 30 Jan. 12 Apr. 13 Apr. 15 71*4 Apr. 25 17 111*4 May 13 Jan. 3 Feb. 21 50 28 22 Feb. 3 22 24 20 7*4 Feb. 20 27 Jan. 5 15 6*4 Feb. 17 14 Jan. 23 9*1 2 Jan. Jan. 18 13*4 24*4 43*4 6*4 Apr. 21 21 25 29 25 118 21 3 158 66*4 May 22 90*4 15*4 7*4 May 22 5 6*4 May 23 2*4 May 21 5*1 3 2*4 May 15 24 May 24 47*4 95 May 29 113 5 2*4 May 15 6 *4 May 21 12*4 1 2*4 May 21 18*4 May 21 38 140 May 22 191*4 38 May 22 62*4 145 May 25 171 1 *4 May 22 5*4 5*4 May 22 14*4 7 3*4 May 23 Apr. Jan. Jan. Jan. Apr. 16 Apr. 27 Apr. 11 Feb. 9 17 May 1 May 21 May 1 May 22 52 May 1 May 25 77*4 May 10 122*4 May 22 132 May 11 48*4 May 15 69 10 7 May May 24 16 2 117*4 May 28 121 May 6 May May 21 9 May May 23 20 9 6 May May 23 15*4 92 94 21 May 20 May 21 97 11 May 3 15*4 21 May 21 Jan. 9 109 95 21 103*4 May 8 8* i\H 8*4 May 21 4 54 May 22 90 Jan. 2 14 Feb. 28 Jan. 8 Mar. 20 Mar. 28 Jan. 6 Jan. 4 Apr. 5 Jan. 3 Mar. 12 Jan. 4 Jan. 22 5 Jan. Apr. 20 Jan. 3 lP 9 9 1 2 18 34*4 May 37 30 May 20*4 9J4 May. 10 *4 May 22TTT :rlO0*4May 16 106*4 105*4 96 May 28*4 16*4 May 138 130 May 9*4 5*4 May 104 89 May 4*4 2*4 May 113>4 90 May 11*4 7*4 May 110 97 May 166 155 Jan. 21*4 12*4 May 54*4 May May 3*4 May 29*4 May *4 Jan. 2*4 May 12 May 3 May *4 May Jan. 25*4 Apr. 29 3*4 Apr. 18 30*4 Apr. 18 30 105 Apr. 24 . 14 21 22 48 25 71*4 22 127 15 65*4 14 24 28 120 6*4 21 23 18*4 23 12*4 10 Jan. May May May May May May May May May 23 150 Apr. 22 Apr. 11 9*4 Apr. 14*4 10*4 16*4 36*4 24*4 18*4 28*4 29*4 2 Jan. 4 Mar. 26 May 20 May 21 38*4 Jan. May Jan. 109*4 May 31 133 May 10*4 May 21 21*4 May May 73 40*4 May 21 Apr. May 5*4 Jan. 154 May 18 May 38 May 21 56*4 Feb. May 26*4 May 28 37*4 Apr. 25 May May 23 36*4 J an. May Jan. 13*4 May 21 28 May 10 97*4 Jan. 15 102*4 Apr. May 9 1*4 May 15 4*1 Jan. 1 May Jan. 1*4 May 15 3 May Jan. 4*4 May 21 7 May 75*4 May 25 90 Apr. 1 Jan. May 6*4 May 21 Mar. May 3 20*| May 23 28 Jan. 13 127*4 May May 14 123 17 *4 May 8*4 May 21 4*4 May 22 9*4 May May May 18 103 97 14 13 1 '4 9 11 7 6 1 3 14 1 May 110 10 Sale 5*4 Sale 87 97 6 May. 1 May 13 May 9 May May May 21 Sale Sale 4*4 May May May 30 May 2 May 2 May 80 May 10 May 45 May 12*4 May 71 May 1 % May 25 May *4 May 43 Sate Prices 9 Jan. 3 May 23 99 76*4 May 23 100*4 28 130*4 May 127*4 May 31 133*4 65 May 25 57 May 25 67*4 21 113*4 May 94*4 May 21 115*4 14 17*4 May 18*4 14*4 May 14 32*4 May 21 19 May 21 35*4 6*4 May 15 7*4 4*4 May 15 21 15*4 May 10 8 16*4 May 21 May 13 103 13 103 May 13 110 54*4 May 1 21 35 60*4 May 21 37*4 May 3 22 28 May 22 38 9 14*4 May 21 16*4 8*4 May 21 20 Sale 16 21 23 27 21 28 21 21 28 18 15 23 4* Sale 88 29 8*4 May 10 14*4 10*4 14*4 36*4 o 14 126 21 22 21 May *4 May 17 May 21 29*4 May 28 129 10*4 May 21 21*4 40*4 May 21 72*4 Sale Sale 3*4 Sale 3*4 l* May 18 38 38 40 May 21 51*4 Sale 25 29*4 26*4 May 28 36*4 36*4 25 May 23 34*4 29 28 34*4 24 13*4 May 21 24*4 15*4 Sale 95 98*4 May 14 100 87 104 Sale 1*4 May 15 3*4 Sale 2 Sale 1*4 May 15 3*4 2 Sale 4*4 May 21 8*4 5*4 9 80 75*4 May 25 88 90 7*4 Sale 5*4 Sale 5*4 May 21 20*4 May 23 27*4 28 21*4 22 126 Sale May 31 127*4 126 130 29*4 Sale 128*4 Sale Sale 19* 70 60 105 3A Sale 4 18 48 -May-22 -IT""DsiayTr . 95 Sale 103 42 23 May 21 30 May 20 9*4 May 21 —14—Sal 85 10*4 Sale 105 27 30 29*4 30*4 32*4 36 12*4 Sale 19*4 Sale 3*4 Sale 17*4 32*4 6% 14*4 May 9*4 May 9 May 16 May .1*4 May 11 May 2 May 8 May Sale 96 101 107 23 27 Sale 135*4 150 8*4 Sale 99 May May May May May May May May May 7*4 May May 17*4 May 44 May 3*4 May 2*4 May 85*4 May 13 17 May 65 May 21*4 May 95 May 3*4 May 57 50 10*4 Sale 100 25 26 21*4 22*4 11*4 13*4 Sale 15*4 18*4 Sale 18*4 21*4 Sale 123 131*4 131*4 Sale 102*4 6*4 SH 2 36 16*4 120 11*4 Sale 7*4 Sale 90 3 28*4 3*4 34*4 35 10 12 10*4 29 22 21 22 21 21 22 21 29 21 21 22 28 15 22 14 4*4 May 22 5*4 Sale Sale 16 6*4 17*4 95 14 2*4 34 10*4 48 16*4 Sale * * 74 -100 128 pref-100 For footnotes 2*4 25*4 3*4 127 $6 preferred— Jarvls (WB) Co—-— Jewel Tea Inc Sale Sale Sale Sale 27*4 4 Sale 4*4 May May May 30 May 2 May 2 May 80 May 10 May 45 May 12*4 May 71 May 1*4 May 25 May *4 May 60 Sale 166 Sale Sale Sale 7% preferred 100 International Tele & Tel * Foreign share certificates— * Interstate Department Stores * "Preferred 10 Sale Sale Amer—* 5% preferred Sale 60 50 11*4 Sale Sale Sale 100 137*4 15 Agricultural--------* 5% conv preferred Internatl Rys of Cent 26*4 27*4 Sale Sale Sale Preferred 100 International Paper & Power 15 Sale Sale 109 Sale Sale International Nickel of Canada* Sale 14 33*4 Sale Sale 100 14*4 Sale 3*4 7% preferred 8*4 Sale 35*4 Sale/ 23 23*4 24*4 5*4 Internat Hydro-Elec Sys A_25 International Mercan Marine.* Internation Mining Corp..—1 Sale Sale Sale Sale Lowest Sale Prices 11 Sale 80 11*4 Sale 49*4 46*4 Sale Sale Prior preferred -—100 Int. Business/Machines.. * International Harvester * M 2 Sale Corp--—----* Internat 36 Sale 28 14 6% preferred 100 Intercontinental Rubber—- - - * Interlake Iron —* Interchemical 32*4 J* 10 Sale 13*4 24 10 Sale 6*4 6*4 5*4 Sale 18*4 Sale 50*4 Sale ii» 72 *4 Highest Sale Prices 43 47 12 21*4 Sale 94*4 Sale Sale 12*4 16 Sale Sale 5*4 Sale 100 113,000 Jlnterboro Rap Trans Certificates of deposit 800 46,300 4,150 10,800 342.500 40,200 11,300 22,500 172,900 4,500 95,300 763,700 45,100 3' Sale 14*4 68*4 Sale 110*4 114 6 Sale 49] 17 Ask Sale 41 *4 Highest Lowest Sale Prices May 31 64 Sale 109 --25 107 100 155*4 160 7% preferred 1 Ask Bid Sale 4*4 55*4 17% Sale 43*4 44*4 3*4 Sale 2% Sale 88 85*4 Sale 3*4 Sale -2 25 111*4 Sale 10 Sale 1 89*4 ---* 56,700 Hercules Powder 2,840 6% preferred 100 131 5,200 Hershey Chocolate * 60*4 $4 conv preferred: -* 113*4 4J500 18 3,000 Hinde & Dauch Paper Co—10 10 33*4 31,700 Holland Furnace (Del) 554 5 23,700 Hollander (A) & Son 12*4 44,700 Holly Sugar Corp 210 7% preferred-.-—100 102*4 59 -12-50 138,900 Homestake Mining 31*4 8,000 Houdaille-Hershey class A—* 13*4 Class B —♦ 128,500 45,400 19,800 73.900 1,810 22,500 15,500 330 } 60.500 Hercules Motors 14,500 8,600 27,300 184,900 15,600 20,200 50 (Adolf)-- Sale 51 25 4,900 Hackensack Water 34 Preferred A -—25 1,170 18*4 Sale 79,900 Hail Printing -10 46*4—48 4^300 Hamilton Watch------------- 108 630 6% preferred —100 102*4 103*4 2,530 Hanna (M A) Co $5 pref 27 Sale 48,500 Harbison Walker Refrac—150 130 6% preferred 100 135 7*4 7*4 26,700 Hat Corp class A— --1 91 2,290 6*4% preferred 100 87 280 800 - Sale Bid Sale 30*4 90 6,200 4,700 — 19,300 $5 preferred 278,000 Goodyear Tire & Rubber 13,700 $5 conv preferred 19,600 Gotham Silk Hosiery 68 Preferred 1,060 10V *4 261,800 Graham-Paige Motors----— Granby Consolidated Mining 7 *4 80,200 Smelting & Power Ltd-- — Grand Union Co (The)— 14*4 With div certifs 13,800 9*4 Without div certifs 14,200 16 19,200 Granite City Steel 33,100 Grant (W T) Co -10 33*4 23*4 5,300 5% preferred-*0 17 *4 126,400 Great North Iron Ore Prop—* 26*1 402,400 Great Northern pref--* 28*4 43,700 Great West Sugar ---' Preferred 100 134 2,810 45 50 Green Bay & Western RR-100 46,700 Green (HL)Co 1 33 17 395,400 Greyhound Corp (The)—- - - * 21,400 5*4 % preferred —10 11*4 116,400 Grumman Aircraft Eng Corp.l "2*4 61,900 Guantanamo Sugar 21 2,850 8% preferred 100 3*4 3,400 Gulf Mobile & Northern—-100 7.100 6% preferred-100 17*4 4,400 4,200 1,270 1,500 Ask 8*4 $6 preferred Glidden Co (The) ----4*4% conv preferred Gobel Bid 50 17 *4 Gimbel Brothers Goebel Brewing Co.--- — --A 330 Gold & Stock Teleg Co---100 195,500 Goodrich (B F) Co ------ 552,600 6,600 1,434,900 541,400 15,200 6,180 6,800 16,300 9,900 2,300 426,400 47,800 40,700 1,020 11,300 10,700 199.600 3,200 501,500 156,900 4,000 Par Shares 140,700 16,500 66,800 5,500 123,900 71,900 RANGE SINCE JAN. 1 PRICES IN MAY Price STOCKS In 35 STOCK EXCHANGE-STOCKS N. Y. June, 1940] Jan. 4 11 3 29 24 6 12 5 10 9 13 14 3 Mar. 27 Jan. Jan. Apr. Apr. 4 15 9 4 Mar. 15 Apr. Jan. 4 5 Jan. 8 Feb. 23 Jan. 8 Apr. 18 7*4 Apr. 23 19*4 Apr. 23 Apr. 16 103*1 36 N.. Y. STOCK EXCHANGE-STOCKS AGGREGATE SALES PRICES IN MAY Price STOCKS In May Shares 551,600 31,800 28,500 12,200 6,580 96,600 3,300 27,500 165,500 215,400 I.1,600 6,700 5,000 1,930 32,700 2,100 4,500 52,000 960 430 II,300 1,100 13,000 5,400 220 33,100 19,000 15,100 37,700 5,600 5,400 35,300 27,500 - 3,700 2,100 18,500 1,000 2,600 15,600 4,800 10,400 18,100 599,200 57,600 2,400 784,200 18,500 15,900 8,400 2,060 1,720 33,000 4,700 41,600 19,600 1,550 59,000 75,800 41,900 140,400 14,900 16,800 98,000 96,100 10,700 10,800 63,700 3,800 10,700 35,200 17,200 27,400 64,800 1,378,200 188,200 6,400 2,747,800 64,900 42,500 22,600 May Kennecott Copper Keystone Steel & Wire Co Kimberly-Clark Kinney (GR) $5 prior preferred Kresge (S S) Co Kresge Department Stores Kress (8 H) & Co Kroger Grocery & Baking 5% preferred (The) Lane Bryant Lambert Co 6,900 6,000 40,700 1,400 310 1,000 5,100 32,700 5,600 7,600 61,200 3,890 37,700 231,500 107,500 8,700 19,100 70 12,800 8,000 700 960 7,900 23,000 300 11,800 4,300 12,800 38,700 76,000 19,700 15,900 170 31,500 270 2,400 9,200 31,400 1,300 24,700 12,400 21,400 720 590 240,900 600 1,790 26,600 17,800 5,600 24,400 1,110 5,100 5,400 360 56,800 800 Sale 178% 18 Sale * Sale Sale * Sale Sale tManhafn Ry Co 7% guar.100 Certificates of deposit.— Modified 5% guaranteed 100 Certificates of deposit..— 25 .1 -5 pref 100 * L) Co— 1 Shirt Oil Explor Marine Midland Corp Market Street Ry prior Marshall Field & Co Maracaibo Martin (Glenn Martin Parry Corp Masonite Corp Mclntyre Porcupine Mines.. McKeesport Tin Plate McKesson & Bobbins, Inc _5 10 460 Sale 133 Sale Sale 134% --1 Co. preferred 5,300 64,000 Melville Shoe Corp 1 — -1 135,000 Miami Copper -5 98,800 Mid-Continent Petroleum.10 45,300 Midland Steel Products.. — -* 4,400 8% 1st preferred —100 36,500 Min-Honeywell Regulator Co.* 4% conv preferred ser B..100 1,850 3iH 26 27 7 135 95,000 26,600 63,100 1,700 1,430 510,300 1,900 8,050 91,600 57,100 25,600 47,800 preferred Mills Monsanto Chemical Wks $4 50 preferred Convertible Preferred series B Montgomery Ward & Morrell (J) & Co...Morris & Essex Motor Products 16 4% 6% 14% Sale % 3% Sale 3 14 % Sale 1% Sale Sale Sale Sale 37% 100 Sale Sale 110 25 8 Sale Sale Sale 1A* 60 Sale 43% 12% Motor Wheel Corp Mueller Brass Co Sale Sale Sale 32% Sale 30 Sale 51% 3 k 27% 101% 15 Sale Sale Sale 11 29 Sale 106% 108 13% Sale 79 78% 10% 15% Sale Sale 38 Sale Sale 120 Sale Sale 52% Sale 105% 107% 100 108 14% Sale Sale Sale Sale 4% 47% 10% Sale Sale 118 120 Sale 44% M* 117% 117% 121% 49% 42 Sale 30 Sale Sale Sale Sale Sale 11% 69% Sale Sale 52 4 11% 89% Sale 115% 36% 33% 23% 10% Sale Sale 14% 16% 22% 4% % 112 27%. Sale 35% 10% 67% 109% 1% Sale Sale Sale 7% % Sale 16% Sale Sale 23 4% 13 16% 2% 23 31% Sale 9% 13% Sale 62 79% Sale 109% 111% 101 7 51% Sale 53 Highest Sale Prices 24% May 10 May May May May May 2 May 24 May 23% May 27% 1% 17% 19% 4% 37 21 21 21 22 20 23 21 29 22 4 May 21 8% May 23 May 15 3 % May 28 16% May 21 15% May 22 104% May 27 1% May 23 % May 15 2 May 17 15% May 21 9% May 18 18% May 21 32% May 21 5 May 15 33 May 28 87 May 22 87 May 22 170 May 22 16 May 22 13% May 21 27 May 21 9 May 15 10% May 21 27% May 18 20% May 21 97 May 22 15% May 21 29% May 23 ,~2—-May— 15 May 25 105% May 23 18% May 17 140 May 22 15% May 21 38 May 18 12 25% May Sale 132 May Sale 17 May Sale 20% May 9% 9% May Sale 21% May Sale 2 May 4 5% May 24 29% May Sale 24 May 16% 14% May Sale 13% May 13% 11% May Sale % May 4 3 % May 3% 2% May 9% 8% May Sale 29% May Sale 6% May Sale 22 May 21% May 162 162 May Sale 36% May 2% 2% May 20 22% May Sale 98% May 12 10% May Sale 10 May 105% 93 May Sale 17% May 5% May 5% 27 May 5% May Sale 4 May Sale 17% May 6 5 May Sale 94 May Sale •7% May 78 75 May 70 60 May Sale 24% May Sale 2% May Sale 11% May 14% 12 May Sale 24 May Sale 6% May Sale 11% May Sale 23 % May Sale 103 May Sale 33 % May Sale 99% May Sale 2% May 37 26 May 8% 7% May Sale % May Sale 1% May %6 May % May Sale 9% May Sale 89% May Sale 110 May Sale 113% May Sale 31% May 37 33 % May Sale 22% May 10% 8% May 12 13% May Sale 15 May Sale 2% May Sale 20 May 10 8% May 66 56 May 108 97% May Sale 4 May 44 42% May 36% May 13 14 May 9 45 2% May May May 3% May 28% May 34% May 26 8 16 16 5% 29% 22% 114 3 44 108% 109% 180% 21% 25% 37 13 % 16% 40 35 108% 34% y% 43 % 3 % 18 109% 24% 162 19% 56% 35% 4% 6% 31% 31% 17% 17% 15% 1% 4% 7 15 45% 13% 32% 24 22 22 23 28 22 21 21 21 23 21 15 15 28 21 o. May May May May May May May May May May May May 1% 3% 24% 13% 27% May 49% May 8 May 12 21 May 30 33% 136% 26% 29% Q Sale 3 Sale 16 8% 12% 27% 105% 38% Sale % 3% % Sale 50 93 Sale 107 55% 43% 28% 11% 6% 4% 18% 5% Sale Sale Lowest Sale Prices 27 Sale 28 27 4% Sale 21% Sale 115 19% 5% Sale Sale Sale * 95 30 Sale 33 * 11% Sale 73 Highest Sale Prices 23% Sale 39% 2% 20% 98% Sale 16% Sale 110% Sale 27% Sale 9 8% 37% Sale 9% Sale 6% Sale 27% Sale 8% 9% 33 % 7% 23% 150 170 Sale 25% 12 1% 24 70 63% class B — .1 For footnotes see page 40. 16% Sale 8% 62% 59% 25% 2% 13% 12% $7 preferred 4,870 25,500 Munslngwear ..... 16,800 Murphy Co (G C) 5% preferred — - -100 560 74,000 Murray Corp of America —10 --* 3,900 Myers (F E) & Bros Mullina Mfg Corp Sale 30% 5% 21H 13% 29% 10% 15% 36% 116% 50% 109 % 116 4% 27 29 99 15 25% 2% Sale Sale —50 — * 5 1 4% 6% 31% 9 Sale 100 -20 Co—--* 12% 19% 21% 16% 16% 14% 1% Sale 10 Sale 130 31 100 Mohawk Carpet 138 25% 31 Sale 100 Sale 29 Sale 57 33 28 30% Sale 161% 52% "53 % 3% Sale 26% 9% 18% Sale 29% Sale 2 %- —2% 3 % -3l%_ 15 15% 17% Sale 108 105% 109% 19% Sale 24% Sale Sale 161 138% Sale 17 16% 19% Sale Sale 42 43% 56 Sale Sale 24% 7% 46M 100 3% 6% 40% 8% 106 91 35 h Sale 14% 15% Sale Sale 14% 14% 15 % 1% 4% 4% 14% & 98 Sale 93 92 Sale Sale Sale 12 45,700 Mo- Kan-Texas 7 % preferred series 81,800 A Sale Sale Sale 29 Sale 17,500 ^Missouri Pacific W* 20 Sale 23 Sale 62,700 Minn Moline Power Implem. -1 $6.50 preferred * 5,800 * 39,300 Mission Corp - 19% 32% 5% 33% 30 25% 29% 11% Sale * 100 * $6 preferred series A * $5.50 pref ser B with warr.. * 6% conv Mead Corp 34% Sale 5 pref McLeilan Stores Sale 36% —-- 63,000 Mathieson Alkali Works—240 7 % preferred 100 35,800 May Department Stores 10 17,000 Maytag Co (The) — * S3 preferred 3,500 * 1,800 $6 1st preferred * * 25,700 McOall Corp 79,600 McCrory Stores— --1 1,300 6% conv preferred 100 49,900 McGraw Electric Go ---1 * 17,200 McGraw Hill Publ Co. $3 series conv 110 24 % 156% 20% 58% 6 - Manhattan 109 27% Bros Sale Sale 4H Macy (R H) Co Inc Madison Square Garden.—--* Magma Copper 10 Manati Sugar Co 1 2% Sale Sale 17% — % Sale 43% * 100 6 % preferred Mack Truck Inc Sale % Sale Sale Sale —. 38 45% 109 Sale Sale -25 Long Bell Lumber A Sale 34% 108% 34% 106% 18% 46 % 1 * Loose-Wiles Biscuit Mandel Sale Corp—...-1 Corp 8 Sale 18% 104% 44 Sale Lone Star Cement 2% Sale 1% Sale 3% Sale 24% Sale 13% 13% 27% Sale 49% Sale 4 Sale 92 108% Sale 178 180% 168% 175 Sale 17 16% 20% 25 25% 17% Sale 37 39% 28% 27% Sale 9 13% Sale Sale 12 16% Sale * * Loft Inc Sale 114 Sale 108 Link Belt Oo__ - 22 111 oS* Sale 5% 14% 4 Sale * $6.50 preferred Sale Sale * Loew's Inc 25 24 Sale Lily Tulip Cup Corp Lima Locomotive Works 49,400 Mengel Co 28,700 1,600 12,800 8,800 13% 28% -25 100 15,150 5% conv 1st preferred--—50 41,140 Merch & Min Transp Co.--* 5 24,100 Mesta Machine Co—— 710 Sale — 16,100 12,700 Sale Sale Liquid Carbonic Corp Sale 13% 3% 17% 16% 4% 29% 1% 23 2% 23% 10 7% 33 Sale Sale * 7 Life Savers Corp --5 Liggett & Myers Tob com—25 Lockheed Aircraft Sale 11 Sale Sale Corp--5 Co 2% 30 29% 25% Sale 3% , 3% 27% Sale 31% 1% 18% 16 22% 114% Corp Lion Oil Refining 44% 16 Sale Libbey-Owens-Ford Glass Libby McNeill & Libby Preferred Sale Sale 28 Ask Sale Sale Series B_. Sale Lowest Sale Prices May 31 Sale Sale Lerner Stores 44 Sale —50 Lehn & Fink Products 34% 13% 1 Ask Bid 34% Lehigh Valley Coal. — . * 6% conv preferred--——50 Lehman Corp. (The) — 1 t'Lehigh Valley RR Co Bid 29 Sale Sale 5 Lee Rubber & Tire.. 2,260 25,680 8,300 49,700 44,400 15,500 1,280 4% Sale Lehigh Portland Cement—25 4% conv preferred-100 830 36,100 112,600 278,600 50,100 33,700 1,220 83,200 Sale — 10,200 MacAndrews & Forbes Co-.10 101,300 96,000 17,000 19,100 99,100 5,000 3,930 6,050 48,700 235,700 12,700 15,100 182,700 21,770 152,800 655,300 600,900 28,000 3 Sale 100 100 * * Laclede Gas Light 3,500 ■ 14 Sale 1 -* * - 380 Sale * * * 1 * 10 680 5% preferred -.100 94,900 Lorlllard (P) common -10 Preferred —100 3,390 * 29,100 Louisville Gas & Elec A 100 23,900 Louisville & Nashville 39,900 38,400 Ask Par 25,200 1,120 5,800 5.3 GO 230 1 1940 Jan> 1 Shares RANGE SINCE JAN. Jan. 2 N. Y. STOCK EXCHANGE Since 7 1 1 6 1 2 4 2 1 1 1 May May May 9 10 3 May 3 May 6 May 1 May 10 May 6 May May May May May May May May May May 10 May 3 May 1 May 25 107 May 28 14% May 85 May ~~ 82 33% 4% 21% 28% 31 11% 17% 38% 122 53% 106 15 21 21 18 22 14 14 21 28 23 27 21 21 21 22 21 21 14 21 22 28 22 21 21 May May May May May May May 10 May 9 May 6 May 9 May 7 May 14 4 4% May 48 May 3 11 May 9 % May 10 9 3% May % May May May 119 May 118 May 121% May 49% May 42 May 27% May 15 May 17% May 24 May 4% May 33 May 13% May 79% May 110% May 11 7% May 3 50 May 11 16* 21 21 21 22 20 23 21 29 22 38% 14% 46% 2% 31% 26 Jan. 3 9 Feb. Apr. 18 Jan. 24 8 Apr. Feb. Feb. 26 29% Jan. 34% Apr. 3 9 4 16 4 Jan. 5 12 18% Jan. 16% Jan. 6% Apr. 11 May 8% May May 3% May 16% May 15% May 104% May 1% May Apr. 2* & 23% 21% 161% 36% 2% 3 Jan. Apr. 6 Apr. 27 Mar. 27 15 Apr. Mar. 15 Apr. Apr. 8 8 J an, 2 15 AprnO 18% Jan. 11 23 109% May 3 17 2 25% Apr. 31 162 May 3 21 4 21% Jan. 18 60 Jan. 22 35 Jan. 31 136% May 24 28* Jan. 21 Apr. 22 22 il* 25 3 10 3 15 Jan. 4 Mar. 8 21 4% Apr. 18 21 Mar. 11 21 22 21 21 23 31 22 21 21 21 21 21 4 32% 17% 17% 16% 1% 5% 8% 15% 21 21 15 15 28 21 31 28 6 May May May May May May May May May May May 24 5 22 7 Jan. May 9 5 Jan. Feb. 21 Apr. Apr. 40% Jan. 16 15 118 8 32% Apr. 15 Mar. 2 4 53% Jan. 4% Feb. 23 3 30% Apr. Mar. 29 8 16% Jan. 17% Apr. 21 111 21 29 23 28 29 11 105 22 Feb. Apr. 16 May 9 May 9 Mar. 6 170 Feb. 3ie Jan. 11 25 Feb. 2% May 26 May 7% May % May 1% May 19 Jan. 14% 18% 41% 37% 109% 39% 46% 53% 24% 2% 11% 33% 99% 4 4 llH 64 103 Jan. Feb. Jan. 6% 11% 23% 5 Jan. 3 53% Jan. 9% Apr. 20 45 Apr. 15 109 Apr. 15 109% Apr. 5 180% May 9 4 23% Apr. 98 24 3 29 20 12 8 Jan. 18 May 22 May 22 May 23 10% May 10 May 93 May 17 May 5 May 27 May 5% May 4 May 17% May 5 May 90 May 7% May 4 10 Jan. 24* Apr. May 21 Jan. Jan. 4 May 25% May 130 May 17 May 20% May 9% May 21% May 2 May 4 May 24 May 24 May 14% May 13% May 11% May % May 3% May 2% May 8% May 29% May 6% May 22 May Jan. 5 5 115 15% 9% 18% 32% May 8 May 1 May 1 May 1 5 May 9 33 May May 8 87 May May 9 87 May May 9 170 May May 6 May 16 May 3 May 13% May 3 27 May May 6 9 May May 1 May 10% May May 10 27% Mar. 7' May May 1 97 May May 8 May 15% May 1 May 29% May 2 May—2 May* 15 May May May 105% May May 18% May May 138% May May 15% May 38 May May 3 30% May 169 May 13 6 52% May 3% May 27% May 102 % May 15% May 16% May 110% May 27% May o§7/» May 38 May 9% May 7 May 28% May 8y» 24% May 10 May 27 % May 1% May 17% May 19% May 2 May 24 May 23% May Feb. 8 24 Apr. 3 9% Apr. 25 3 47% Jan 8 12% Jan. 8% Apr. 1 32% Apr. 1 4 9% Jan. 107 Apr. 15 14% May 3 85 May 6 82 May 2 5 34% Mar. 5 6% Jan. 22 26 Feb. 21 28% 32% 12% 17% 40% May 27 Apr. 8 22 21 21 21 24 122 21 54 21 Apr. May" Apr. May Apr. 10 9 8 9 8 24 110 Jan. 15 Apr. 24 Apr. 25 Apr. 8 A* 21 48 21 11 18 22 1% Jan. 4% Jan. 22 20 % Jan. Sjg May 14 % 9% May 21 19% 89% May 28 119 110 May 23 118 113% May 27 31 % May 21 33 % May 21 45 22 % May 21 30% 16 8% May 22 12 May 21 18% 15 May 21 26% 2% May 14 5% 20 39 May 21 8% May 22 15% 56 83 May 28 97% May 22 111 4 May 21 42% May 21 Jan. Jan. May Jan. Jan. 30 Feb. 3 2 12dH Jan. 5f* Feb. 1 Apr. Apr. 18 4 Jan. 9 Feb. 16 Feb. 28 Mar. 20 Mar. 29 Feb. 14 Feb. 16 Apr. 8 N. Y. STOCK 194 \TE S Sinct 1940 May Par lhart 4, 202, 1, 234, 197, 2, 9, 2, 9, 84, 35, 315, 2, 3, 35, 19, 138, 4, 144, 2, 169, 3, 1, 42, 160, 89, 139, 13, 13, 1, 219, 25, 5, 1, 8, —19, 127, 28, ,004, 33, 81, 23, 8, 9. Bid 6 54 21 Corp—----5 Louis.100 J Nash-Kelvinator Nashville Chatt & St National Acme — Nat Automotive Fibres 15 Ask 2234 1534 Sale 13 34 Sale 1434 Sale -10 preferred „____luO Investment Co__* 5% pref series A.- -----100 2254 Sale 23 National Biscuit Co 15 113 634 * 1334 Sale 100 * ------1 4 54% conv serial pref—100 Newberry Co (J J) — 5% preferred series A 100 Newmont Mining Corp 10 25% 27 Sale \V/s 39 4134 3 H 2434 Sale Sale 47 40J4 934 25% preferred series A 100 N Y City Omnibus Corp..... New York Dock 100 57, 60, 5, 497, 13, 13, 22. 2, 431 16 22 860, 1 316, 4, 2 41 1 Ry 7 41 8, 7 44 34 Sale 34 Sale 3154, 7 5 7% 1054 110 86 178 10 1st 6 111 42 36 17 34 r147 34 Sale 1134 Sale .004 5 45 8 40 Sale 43 Sale 27 5134 55 116 H 120 62 H Sale 534 Sale 634 22 34 12 0% 23 3| Sale 7 Corp..5 19 Panhandle Prod & Ref Paraffine Cos Inc Paramount Pictures 6% 1st preferred 6% 2d preferred Tilford & Park Utah 49 Parke Davis & Co 46 Parker Rust Proof Co 29 Parmelee Cons Mines 5 1 * 100 1 100 10 "7 34 734 334 Sale l| Sale Sale 6% a 734 Sale 42 4034 9834 100 7% Sale 85 8% Sale 9 34 15 * 2.50 44 Sale 1934 Sale 234 18 Sale Transportation Co.* Corp 1 Sale 224 Pathe Film Sale 163 Patino Mines & Ent Cons...10 Sale 59g * 19 Penney (J C) Co Penn Coal & Coke 41 Penn-Dixie Cement 11 523 $7 conv pref series A * Penn Glass Sand Corp vtc..* $7 conv preferred * Pennsylvania RR Co 50 9 People's Drug Stores Inc new_5 28 People's Gas Light & Coke. 100 1 Peoria & Eastern 7 Pere Marquette Ry 5% prior preferred 5% preferred. 10 19 44 44 21, 3, 45, Ry Pet Milk Petroleum Corp Pfeiffer Brewing Co 10 * 100 100 100 .100 * 5 * 25 50 * Phelps Dodge. Philadelphia Co pref 6% $6 preferred Philadelphia & Reading C & I_* ties a 40. May 95 2 34 3 34 61 Sale Sale Sale 23 25 13 1634 11834 2? 34 Sale 37 Sale 3 34 1134 6 1234 934 97 234 12 120 754 2434 2034 May 17 May 15 May 21 May 21 105 Sale 53 19A May 21 4734 May 22 Sale 4734 May 22 Sale 15 14 Sale 86 Sale Sale Sale 98 Sale Sale 130 Sale 130 7 May May May May May May May May May May May 21 21 20 47 17 15 24 22 15 20 27 5234 May 6X« May 54 May May May 134»3j May 34 May 22634 May 11234 May 2234 May 57 54 May 5754 May 2434 May 90 May 834 May 11134 May 36 May 354 May 38 May 1634 May 21 21 21 23 22 21 21 21 21 23 24 11534 May 24 4334 May 28 5 May 28 Sale 2634 Sale Sale 37 Sale 33 254 Sale in 434 Sale 13 54 15 10 9 Sale 11 1034 8 May 22 May 21 8 434 1214 2 1034 234 1134 1 634 2 Sale Said 23 Sale 27 Sale 2334 Sale Sale Sale 1534 1634 634 Sale 24 2234 43 44 734 834 35 34 4534 8134 54 83 80 8 634 6. 4034 Sale 34 Sale Sale Sale 8334 3i« Sale 7 site Sale 2854 Sate 4234 3634 7634 6934 54. Sate 134 534 1734 1134 15 654 634 26 3734 71 34 May May May May May May May May May May May 18 21 22 21 22 28 18 21 25 28 14 13 7 9 3 2 10 4 29 634 May 173/4 May 934 May 1354 3354 4554 1434 May May May May May May 10 May 10 May May May May May May May May May May May 21 May May May May May May _ 13 May May May May May May 14 May 18 May 9 May 9 May 2 May 17 11 May 10 3734 May 9 2554 May May 934 May 934 May 3854 May 11 45 34 May 8334 May 7 34 May 2\ 24 21 21 13 28 31 21 28 23 754 Feb. 15 3 2234 Jan. 2134 Apr. 30 7 May 31 834 May 28 1634 Apr. 15 2434 Jan. 24 17034 Mar. 6 19 Apr. 1 9934 Apr. 17 3 2034 Jan. Jan. 4 May 18 1634 May 21 8 1634 Jan. 954 May 22 1354 Mar. 12 6 May 21 1854 Apr. 17 1234 May 21 3 10834 May 15 11634 Jan. Jan. 3 107 May 23 114 8 634 Apr. 3 May 28 734 Mar, 14 554 May 23 4 1734 May 22 26 34 Apr. 6 8 May 29 1534 Jan. 3 1234 Jan. 534 May 21 Jan. 31 80 May 18 96 9 2234 Apr. 14 34 May 22 £160 May 29 17354 Jan. 31 14834 Jan. 29 13734 May 21 Jan. 4 27 1334 May 21 834 Jan. 554 May 22 48 May 21 7354 Jan. 954 Jan. 454 May 24 1454 May 8 May 23 2634 May 24 4354 Apr. 4034 Feb. 10 4334 Apr. 854 Apr. 334 Jan. 4 1054 Apr. 11 7 34 May 21 2554 Mar. 13 14 May 21 Apr. 29 75 May 22 91 6 5334 Apr. 36 May 22 Jan. 4 10034 May 24 110 7534-Mar. 9 -4434; May-3T 1434 Feb. 20 634 May 24 Jan. 3 50 3034 May 21 3 18 34 Jan. 9 34 May 21 4 834 May 21 2134 Jan. 39 Jan.\ 3 15 May 21 2034 May 21 3334 Mar. 9 834 Apr. 22 334 May 21 1234 Apr. 22 454 May 22 104 May 21 11534 Mar. 11 110 Apr. 27 11134 Apr. 30 Feb. 20 48 May 16 56 3 54 Jan. 34 Apr. 27 Jan. 4 2 54 Apr. 12 34 Jan. 11 34 Apr. 4 1334 Jan. 15 2634 Apr. 22 Apr. 13 92 Jan. 30 121 6 20 May 23 3534 Apr. 4 175 May 22 22634 May 105 May 25 11334 Mar. 27 3 1454 May 21 2354 Jan. Jan. 8 4734 May 22 59 Jan. 10 4734 May 22 58 3 15 May 14 2654 Jan. 85 May 31 9034 Feb. 20 3 934 Jan. 434 May 15 Mar. 25 101 May 24 113 Apr. 29 27 May 22 36 3 5% Jan. 234 May 15 32 May 20 4234 Jan. 12 1634 May 29 1434 May 27 . n'i 36 10 6 3 3 2 29 May May Jan. May 8 May 954 May 1754 May 15534 May 354 1134 1334 654 8k May 7 2 2134 May 2 1334 May 110 May 1 454 May 10 1 1634 May 14234 May 13 1034 May 10 36 May 1 30 May 3 54 May 9 117 May 9 2 6234 May 3 934 May 115 Sale 115 May 25 132 Sale 15134 15234 13634 14734 14734 May 21 15034 554 334 May 18 334 Sale 534 Sale 6 834 534 May 29 534 734 Sale 334 234 Sale 234 May 15 334 Sale 2334 12 May 21 1354 Sale 2234 Sale Sale 854 7 654 May 18 8 854 1 % 34 May 22 Sale 54 1 42 May 25 29 3034 29 42 4034 7 101 10134 9934 May 10034 Sale 734 434 May 21 "454 Sale 734 Sale 64 90 Sale 69 May 23 90 87 h 7 934 634 May 21 9 634 834 15 15 15 18 May 21 17 2034 154 May 21 234 13-4 Sale 234 Sale 3234 May 28 44 Sale 44 3334 Sale May 22 22 1634 Sale 2034 Sale 1 May 28 154 154 154 Sale 11 Sale 7 554 May 21 1034 Sale 1054 5% May 23 634 Sale 734 Sale 45 Sale May 23 5834 5834 Sale £46 73 9634 May 22 Sale 7434 Sale 95 334 154 May 22 Sale 134 Sale 334 Sale 2 334 May 22 334 Sale Sale 2334 14 1154 May 21 23 21 12 11 1234 1054 May 15 1234 Sale 105 11834 May 21 121 121 Sale 15 17 May 22 2234 2134 Sale 15 16 May 18 2154 1534 2154 Sale Sale 23 27 May 22 3654 Sale 3654 Sale 8 554 1034 754 95 234 1134 Sale 33 2034 16 May 25 132 132 150 .1 1 Penick & Ford May 21 May 22 May 21 21 2 May 22 May 22 354 May 22 934 May 21 2534 May 22 634 128 Pan Amer Pet & Trans Sale May 21 May 21 6 May 1 1734 May 1 May 1 7 May 31 834 May 28 1554 May 9 23 May 1 170 ' May 10 1854 May 6 3 97 May 2034 May 11 2 1334 May 3 1134 May 6 18 May 2 111 May 3 11034 May 1 554 May 1 7 May 1 25 May 1134 May 14 2 10 May 6 88 May 1 2054 May 7 17134 May 2 14354 May 1 2454 May 1 834 May 4 6634 May 2 954 May 2 1454 May 3 43 May 6 4334 May 1 7 May 1 10 May 3 2234 May 88 May 46 May 13 109 May 2 -70—May—1 1234 May 2 4934 May 11 16 May 9 1834 May 3254 May 3234 May 634 May 1054 May 110 May May 23 May 22 May 25 175 Sale 9 1 10 Park 216, 6 1634 100 -.100 Packard Motor Car 2434 20 Sale 42 48 54 54 11534 118 11534 120 46 45 6234 Sale 534 Sale 834 Sale Teleg 2 5 31 14 89 3 Sate Sale Pan American Airways 534 Sate 1034 Sale 36 30 52 14k 1234 1334 143 141 * 51 18 454 1634 1234 3234 4434 1134 Sale Sale 110 Sale 6 124 1334 Sale 4% conv preferred 471 6 34 85 Sale 33 34 48 <34 6% preferred Pacific Tin Consol Corp Pacific Western Oil 19 Sale 534 734 21 * Pacific Telep & 704 Sale Pacific Lighting Corp Pacific Mills 1 2134 183 28 23 10 May May 90 5 Sale 434 May Sale May 10234 10734 101 111 27 May 30 36 3634 2834 234 May 234 Sale 334 Sale 32 May 25 32 38 41 1434 May 16 Sale * 2 52 11334 105 Sale 1634 5734 4934 48 Sale 1754 Sale 2234 5734. 5734 2254 8934 854 10934 Sale Pacific Finance Corp (CaUf)_l0 Pacific Gas & Electric 25 Sale 112 13 34 103 34 ^ Sale 220 10 preferred nrpffirrftH 1034 1034 1834 34 * Pacific Coast OH 117 6 100 * 100 Owens-Illinois Glass Co.. 12.50 Pacific Amer Fisheries Inc 5 6 13 Sale Sale 31 21 10034 May 24 4534 May 28 634 May 24 3034 May 21 934 May 21 834 May 21 Sale Sale 15 Sale 2034 2434 3234 23 334 434 334 754 6 334 554 Sale 112 10334 10834 104 11734 11734 100 48 46 50 5534 34 Sale % Sale % Sale 54e 54 34 34 34 34 15 1934 Sale Sale 134»32 Sale 10354 119 3234 3254 _ Sale Sale Sale Preferred 80 Sale Sale 21 21 21 28 May 18 1634 May 21 934 May 22 6 May 21 1234 May 21 10834 May 15 107 May 23 3 May 28 554 May 23 1734 May 22 8 May 29 534 May 21 80 May 18 1434 May 22 £160 May 29 13734 May 21 1334 May 21 554 May 22 48 May 21 4 54 May 24 8 May 23 2634 May 24 4234 May 3 434 May 21 734 May 21 14 May 21 75 May 22 36 May 22 105 1554 Sale 20% * 434 734 90 18 * 100 17 12 5034 * $5.50 conv 1st preferred—* Outboard Marine & Mfg 5 Outlet Co * 434 734 1554 38 34 54 34 2534 Otis Steel Co 934 70 5234 6% preferred 1 149 Sale 9034 Sale Otis Elevator 2 Sale 8 50 "52 % 10 54 Sale 5 112 11034 Farm 6 52 23 Sale JN Y N fl & Hartford 100 Convertible preferred 100 IN Y Ontario & Western. .100 NY Shipbuilding pt stock—-1 7% preferred 100 Noblitt-Sparks Indus Inc 5 Norfolk <x Western Ry 100 Adj 4% preferred 100 North American Co 10 Preferred 6% series 50 Preferred 5 54 % series 50 North American Aviation 1 Northern Central 50 Northern Pacific 100 North States Pow Co $5 pref.* Northwestern Telegraph 50 Norwalk Tire & Rubber * Preferred -50 Norwich PharmacalCo 2.50 Oliver 78 109 50 Ohio Oil Co Sale 43 Sale Col 1100 82, 49 71 8 30 Sale 100 (The) Equipment Omnibus CorpAThe) 8% pref series A Oppenheim Collins & Co 320 6 Sale 734 534 27 Sale 110 ^acke&rwit 10934 109 Sale 19 May May May May May May May May May 91 18 Sale Sale Sale _7Q_^JSale_ _44-34~Sale- 6% N Y 14 46 Sale Highest Sale Prices 8 89 2834 10 2234 88 41 11134 Newport Industries Inc New York Air Brake * New York Central — --* N Y Chicago & St Louis...100 5% preferred— New York & Harlem Sale 7 Sale 83 78 110 89 6434 Sale 834 Sale 1254 1354 4034 Sale 4334 4054 Sale 9 13 1134 934 Sale 8 Sale 72 Lowest Sale Prices 934 1734 15534 1734 Sale 16 2034 Sale 150 169 17134 173 142 14334 13734 2434 Sale 1634 Sale 16634 172 Sale 144 —100 16634 168 10 1834 1834 97 80 9834 1934 20 1634 1334 Sale 1034 1134 1134 834 2:13 34 1734 Sale 11034 111 10834 109 3l 11034 10634 534 Sale 354 Sale 5k 85 96 Sale 834 Sale 1054 Sale 1734 Sale 15534 166 Sale Sale 20 -10 Sale Sale 91 Cast Co— National Power & Light National Steel 25 National Supply Co of Pa—10 $2 conv. preferred -40 534% prior preferred 100 6% prior preferred 100 National Tea Co * — Sale 6 2434 1234 1154 1 7% preferred A 6% preferred B Inc... Sale 12% Sale 16 54 Sale 115 h 11634 Nat Mall & Steel Neisner Bros 94 % 19 34 19 54 15 54 Corp.* National Cash Register. * National Cylinder Gas Co. . .1 National Dairy Prod Corp---* 7% preferred class A 100 7% preferred class B 100 National Dept Stores -* 6% preferred—_- - - - ----10 National Distillers Products. _* Natomas Co 16 91 National Bond & Share Enamel & Stamping 172 165 7% Nat Bond & Highest Sale Prices 334 1134 1434 634 454 Sale 1154 1234 1734 Sale 1734 Sale 2034 Sale -5 National Gypsum Co.. $4.50 conv preferred National Lead Co Ask 7 -10 Lowest Sale Prices May 31 Ask Bid 6 Sale 1 Bid Inc--1 6% conv pref. National Aviation Corp Nat 1 Jan. 2 Tan. 390. RANCE SINCE JAN. PRICES IN MAY Price STOCKS V. STOCK EXCHANGE N. 37 EXCHANGE—STOCKS 16 91 May 554 May 21 1034 May 21 23 34 Apr. 1454 Mar. 754 May 21 Mar. 95 May 23 112 534 Apr. 234 May 22 Jan. 1134 May 21 Feb. 130 May 21 144 7 1254 Jan, May 21 Jan. 21 May 21 41 20 May 23 3254 Apr. Jan. 47 May 24 55 Jan. 11534 May 24 120 64 ^ Jan. 43 34 May 28 1034 Apr. 5 May 28 7 4 4 28 4 4 19 3 11 4 22 17 6 26 6 2 654 Jan. May 22 8 May 22 23 54 Feb. 13 4 1234 Jan. 354 May 22 14 9 34 May 21 Apr. 15 2534 May 22 34 54 Apr. 15 Jan. 3 33 May 22 50 4 8 1634 Jan. May 21 Mar. 12 115 May 25 139 Jan. 24 21 154 14734 May 4 734 Jan. 3 34 May 18 4 834 Jan. 534 May 29 2 34 May 15 434 Mar. 11 12 2534 Apr. 4 May 21 8 834 Apr. 654 Jan. 16 Jan. 2 34 May 22 29 5 May 25 4534 Apr. 7 10134 Jan. 25 9934 May 4 34 May 21 4 854 Apr. 64 Apr. 15 May 23 94 6 34 May 21 1034 Apr. 6 Feb. 6 18 15 May 21 254 Apr. 12 154 May 21 9 3234 May 28 44 34 Apr. 1334 May 22 22 34 Apr. 16 2 54 Mar. 12 54 May 28 4 12 34 Mar. 554 May 21 1054 May 13 554 Jan. 13 Jan. 5 45 23 6234 May 73 9634 May 8 May 22 8 434 Jan. 134 May 22 Feb. 17 4 134 May 22 Jan. 3 25 1154 May 21 5 1654 Jan. 1054 May 15 5 121 May 18 11834 Jan. 4 22 15 2454 Jan, May 15 9 May 18 2154 May 3 23 May 22 3854 Feb. 134 534 1734 1134 15 654 634 26 3734 71 34 May May May May May May May May May May Mar. 18 21 22 21 22 28 18 21 25 28 20 9 434 1334 3954 2934 Jan. Apr. Apr. Apr. 24 Apr. 25 934 May 1034 Feb. 4034 Jan. 47 85 8 9 9 8 2 2 Jan. 11 Jan. 4 54 Mar. 1 38 N. T. STOCK EXCHANGE—STOCKS AOOREGATE SALES May 1940 Jan. 1 Shares Shares 17,300 *¥,800 800 330 19,900 4,100 150 "6",300 2,200 8,400 610 20 280 42,700 7,700 1,230 1,240 770 6,420 *2*566 14,700 500 19,000 9,400 1,700 174,100 10,000 2,300 38,300 740 32,000 2,800 2,100 1,400 940 Preferred 10 100 * 100 154,700 Phillips Petroleum 12,200 Phoenix Hosiery Preferred 2,370 33.700 Pierce Oil 8% conv pref * 5 100 100 11,600 Pillsbury Flour Mills 25 900 Pirelli Co of italv Am shares.. 100 " May Par Bid 54,500 Philip Morris & Co 100 5% conv pref series A 23,400 Phillips Jones Corp 20 63.700 70 Pitts CO&StLRR Co 100 26,000 Pittsburgh Coal (of Pa) 100 8,100 6% preferred 100 21,200 Pitts Coke & Iron Corp * $5 conv preferred 1,630 * 20 Pitts Ft Wayne & Chi Ry__100 700 7% guaranteed pref 100 104,100 Pittsburgh Screw & Bolt * 16,700 Pittsburgh Steel Co * 3,280 7% preferred class B. 100 3,920 5% preferred class A 100 3,030 5 % % 1st ser conv pr pf.- 100 13,660 Pittsb & West Virginia.. .100 Pitts Y & Ash Ry Co 7% pf-100 11,100 Pittston Co (The). * 33,300 Plymouth Oil 5 4,300 Pond Creek Pocahontas Co._* 41,400 Poor & Co class B * 85,800 J Porto Rican Amer Tob cl A_* Class B 31,200 1 Jan. 2 N. Y. STOCK EXCHANGE Since RANGE SINCE JAN. PRICES IN MA Y Price STOCKS In * 1 328,500 Pressed Steel Car common 14,500 5% conv 1st preferred.-.--5 6,500 5% conv 2d preferred 50 * 113,700 Procter & Gamble Preferred 5% 6,080 100 113,500 Pub Serv Corp of N J com...* $5 preferred 12.500 * u .5,900 6% preferred 100 0 —2t80ij preferred:. 100 8% preferred 3,830 100 - „ ~ 90% 135 Ask Sale 140 3 % 4% 30 25% 41% Sale 2% 43% 8 4 2H Sale 26 % 46 Sale 5% 24% 8% 70% Sale Sale Sale Sale 49% Bid 96% 138 1 * Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices May 31 Ask Bid Sale 148 Ask 73% Sale 109% 120 3% 5% 37% Sale 39 Sale 4 Sale 30% 2% 53 Sale 36 9% 28% 37% Sale 8% 22% 41 30 Sale 44% Sale 3 Sale Sale 41% 97% May 9 May 7% May May 35 May 22 18 15 22 24 28 22 29 21 5% May 37% May 40% May 4 May 55% May 10% May 28% May 43 May 167 8% '10 J* 31 18 29 15 % 171 Sale 11% 40 19 32% Sale 22 8 72 175 6% 9% 79% 17 35 Sale 30 13% 4% 18 Sale 6 Sale 65 58 Sale Sale 10 32% 18% 150 146% 2b5* Sale 3% 13% 5% 7% Sale Sale Sale 19 12% 15 26 33 8% 9% 3% May 16 May 5% May 64% May 154 May 168 May 4% May - May 16% May 10 May 19 May 7 May 5 43% 65% 118% 40 % 112 125 141 161 Sale 13% Sale Sale % Sale 14% 44% Sale Sale Sale 112% 125% 143 Sale 20% 21% 14% 16 10% Sale 1% Sale % % 13% Sale Sale 16 10 17% Sale 7 % 8% 8% 24% 55% 114 Sale 113% 41% Sale 33% 114 115 101% 126% 126% 114% T43%"Sale" 127% 162 Sale 147% 12% 37% 69 % 6 22 23% 24 24 22 6 154 22 176 7% 15 10 15 22 32 21 18% 37 21 14% 21 tI* May May May May May May May May May May May May Jan. 30 10 3 13 10 10 3 2 10 8 10 9 Jan. 97% May 23 136 10 Jan. 9 23 Apr. 4 aIH Mar. 25 40 5 41% Jan. J" Feb. 9 66 Feb. 8 27% May 22 2% May 24 36 May 28 7% May 22 10% 22 May 29 28% 35 May 21 49% 107% Feb. 10 110 7 3% May 22 16 May 24 27% 5% May 24 9% 64% May 22 80 154 May 6 154 168 May 22 176 8% 4% May 15 11 5 May 1,5 16% May 22 34% 10 19% May 21 19 May 21 37 7 16% May 21 May 9 Apr. 26 Jan. 5 Jan. 17 Mar. 12 Jan. 4 Apr. 4 ivfty £ May 10 Jan. 2 Jan. 4 Apr. 25 Apr. 8 May 10 Apr. 8 ..... 1 20% 12% 12% 1% % 14% 14% May 21 3% May 18 109 5% 68 136 3% May 32 May 27 % May 2 % May 36 39 37 May 21 68 13% 40 Sale Sale 9 15 14% 5% % % 6% 6% 21 30 Sale Sale 53% 112% 32% Sale 100 Sale 117% HO % Sale 149% 143 % May 15 21 May 28 15 May 10 11 May 21 1% May 29 May 15 %s May 21 14% May 21 13% 42% May 21 May 22 69% May 22 115 % May 21 41 % May 21 115% May 22 127fay-29i144 May 22 162% May 13 May 3 May 13 May 8 May 1 May 2 May 10 May 9 Feb. 15 May 12% Jan. 5% May May 8 1 22 yt Jan. 12% Jan. 2% Feb. Feb. ADr. 6% May 6% May May May May May May May "May May 22 9 21 May 1 May 53% 9 112% May 1 May 32% 9 100 May 8 1'10% May May—Tjfl 27 May 7 143 Mar; 12 Feb. 9 15 14% 14% 42% 71% 118% 43% 115% Jan. Jan. 6 4 27 27 3 3 May. 9 Apr. 16 Jan. 2 Apr. 8 Jan. 11 128 Apr. 20 1"47> Mar." 29 165 Apr. 2 118 Jan. 4 Public Service Elec & Gas— 600 1,100 290,000 577,900 3,900 48,000 76,400 4,700 432,900 1,271,300 "14,706 2,600 3,000 46,800 136,500 20,100 227,000 39,600 39,200 3,900 7,200 8,000 70 360 700 93,000 I1 245,000 1,000 10,900 22,200 $5 preferred Pullman Co. i 500 230 3,700 1,800 43,700 1,600 * Pure Oil * 6% preferred 100 5% conv preferred 100 Purity Bakeries * Quaker State Oil Rfg Corp.-10 Radio Corp of America * $5 preferred B * $3.50 conv 1st pref. jRadio-Keith-Orpheum Corp.* Ray bestos- Manhattan * Rayonier Inc 1 $2 preferred 25 Reading Co 50 4% 1st preferred 50 4% 2d preferred 50 Real Silk Hosiery 5 400 27,400 6,600 90,600 19,200 16,700 * Preferred 100 980 Reis (Robt) & Co 1st pref. ,100 8,200 Reliable Stores Corp 3,300 Reliance Mfg Co 99,800 Remington-Rand Preferred w w 10,000 * 10 1 25 130 310 Rensselaer & Sara RR Co..100 60,200 549,900 3,400 4,300 25,000 1,200 179,800 JReo Motors Inc vtc._ 1 1,174,800 Republic Steel Corp. * 14,800 6% conv preferred 100 13,450 6% conv prior pf ser A-.100 65,700 Revere Copper & Brass .5 Class A 10 8,800 630 100 7% preferred 1,990 5%% preferred 100 165,700 Reynolds Metals Co * 2,600 5%% conv preferred 100 109,600 Reynolds Spring Co 1 266,200 Reynolds (R J) Tob cl B 10 140 480 38,700 300 42,000 65,300 420 101,400 1,200 1,900 9,300 2,500 21,900 1,400 3,400 290 160 3,600 18,380 30,900 50,500 3,700 15,800 9,000 4,100 150 400 26,300 4,400 15,400 1,400 107,500 47,900 12,400 400 25,800 1,400 16,200 720 25,200 2,100 17,300 43,900 10,300 2,100 17,400 Common 520 87 88 77% 14* 78% 88 Sale 15 Sale 100% 60% Sale 1% Sale 19% 20% Sale * Seagrave Corp (The).. Sears, Roebuck & Co * * Servel Inc 1 Sharon * * * Steel Corp $5 conv preferred Sharp & Dohme Conv preferred seribs A Shattuck (Frank G) Sheaffer (W A) Pen Co Shell Union Oil.. 5%% conv preferred Silver King Coalition 83,000 Simmons Co 14,400 Simms Petroleum 7,800 Simonds Saw & Steel Co 34,200 9,530 3,690 5,880 13,600 6,800 44,100 762,500 87,400 16,000 77,300 40 Skelly Oil Co 870 For Footnotes * 100 * * * * 100 5 * 10 * 15 Sloss-Sheffield Steel & Iron. 100 $6 preferred * 10 * * Socony Vacuum Oil Co Inc.-15 South Amer Gold & Plat 1 Snider Packing Southeastern Greyhound L South Porto Rico Sugar see 8% preferred page 40. 5 * 100 80 100 66 67% Sale 51% 1 Sale 21% 26% 34% Sale ** Sale Sale 16% SaleSale 15 Sale Sale 20 22 20% Sale 18 Sale 40 16% 10 9 12 12% 10% Sale 54 51% 64 1% Sale Sale 9Va Sale Sale % 2% 5% Sale Sale 60 24 Sale Sale 25 144 Sale Sale 97% Sale 43 74 Sale 53% 7% Sale Sale 6% 10% Sale Sale Sale 20% Sale Sale Sale 25% 34% Sale 34% 52 Sale 52 6% Sale 6 5 5% 13% 3 13 % 30 % ,7* 4 5% 65 Sale 17 Sale 7% 65 102 % 2% May May May May May May May May May May May May May May May May May May May May May May May 108 Sale 66 % 102 Sale % May 16 % May 18 May 21 1% May 15 61% May 21 8% May 22 8% May 21 52% May 20 3 May 21 45 May 27 4% May 21 34 Maf 29 8 May 15 96 % May 23 3% May 22 12% May 23 1% May 15 17% May 24 13 May 22 67 May 24 105 May 22 1 ll22732May 10% May 22 5 May 21 15% May 18 7% May 21 1 % May 22 10 May 22 16% May 21 128 May 28 11 2 Sale 12% 9 Sale 10 Sale 36 3% 43 5 34% 60% Sale 45 5% 35% Sale 96 4% 13% 3 Sale Sale 4% Sale Sale 21 nh 107 1122732Sale 17 17% 4 Sale 14 58% 4% 53% 6% 21 4 34 35% Sale 102% 107% 110 86 Sale % % 34 96 % Sale 3 2% 12% 1% Sale 29 Sale 70 Sale % Sale Sale 21 5 11 % % % 38% 97% 21% 8% 5% 4% 1 Sale % 2% 23% 20% 14 6 % %6 Sale Sale 63 Sale 56 Sale 38% 39 12% Sale 106 106% 5% Sale May May 1 Sale % % 17% 2% Sale 80 Sale ..... Sale 6 22% 9% Sale 11 Sale 2% 14% 29% Sale 1% 15% 10% Sale Sale 20% 20% 145 147% 120 145 6 75% May 55 7 Sale 4% 9 6% 8% 84 Sale 74 65 1% Sale 4 112 6 % 21 15 22 21 28 28 25 22 21 23 23 21 21 22 May 28 May 28 70% May 60 May 7 % May 18 May 73 May 39 May 8% May 22 9 10% 21 118 24% 21 21 11% 21 97% 89 28 14% 21 23 14% 6% 23 May May May May May May May May May May May May May May Sale 9% 17 65 113% 111 15% 67% 28% Sale 13% Sale 84 82% % Sale 4% Sale 43% 42% 112 112% 107% 107% 5% Sale 50 52% 6% Sale 37% Sale 12% Sale 105% 107% 7 6% 22% Sale 2% 2% 16% 10% 20% 12% 2% 78 65 Sale Sale 20% 74 Sale 1% Sale 19% 18% 2% 2% 85% Sale 15% Sale 112 Sale Sale Sale Sale Sale Sale 50 634 7 1% Sale 15% Sale 108 Sale Sale 1% 25 % 50 42 1 2% 40% 17 52 91 39% % % 9% 45 Sale 6 24 20% 10% 8 6% Sale 9% 19% Sale 48% % 15% 13% 40 Sale 72 6% 6% 14 88 4% 43 Sale Sale 2% 32 57% 83 11 40 Sale Sale 7 Sale 1% 21% 85% 76% 13% 28% 81 84% 53% 51% 9% 87% 7% 39% 55 52% 7% Sale 7% 12% 19 19% 1 1% 22 Sale Sale Sale 53% 8% 7% 12% 67 Sale 14 12 52 Sale 65% 90 29 7% 3% 45% 69 23 II* 3% 16% 86% 73 % 9% May May May May May May May May May 115 May May May 85 May 16% May 7 May May 16% 7% Feb. 73% May 9% May 11 May 4% May May May May 90 Sale 26 ¥ 4§* 38 13 8 115 95 Sale 27% 10% 28% Preferred called Smith (A O) Corp , Smith & Corona Typewr 6% 23 2* Seaboard Oil Co of Del 14 110% 114 Sale 18% Sale Sale 7% Sale 80 97% 76% Sale 76% Sale Sale 10% Sale 12 14% 10% Sale 4% Sale 27 41B 24,400 11,200 246,300 144,400 26,100 1,100 93,500 6,400 58,600 3,190 96,700 7,600 46,300 14% 118 Sale 28 i¥> 567,200 t Sea board Air Line 31,700 4-2% preferred 115 24% 10% 96% 171,100 Richfield Oil Corp _.*| 4,900 Ritter Dental Mfg * 12,500 Roan Antelope Cop Mines I 27,200 Ruberoid Co capital stock * Rutland RR preferred 7,900 100 61,000 St Joseph Lead 10 12,100 jSt Louis-San Francisco—100 6% preferred 19,700 100 1,500 jSt Louis Southwestern 100 240 4 5% preferred 100 135,900 Safeway Stores * 47 27,250 5% preferred 100 104 * 106,100 Savage Arms Corp 20% 5 138,000 Schenley Distillers Corp 12% 14,600 5%% preferred 100 70 1 148,500 jSchulte Retail Stores % 33,500 8% preferred -.100 4% 22,000 Scott Paper * 48% $4.50 conv preferred * 114 1,310 $4 preferred 1,280 * 1,780 2,480 7,200 2,200 10,000 269,300 40,200 4,700 28,500 760 10 115% 118 31 % Sale 8% Sale 6% Sale Sale Sale 68% May 1 May 21% May 29% May 37 % May 15% May 26% May 20% May 3% May 40 May 10 10 May 1 7% May 3 12 May 3 9% May 3 52% May 7 66 May 2 _ 1% May 22% May 89 May 80 May 13% May 29% May 83 May 57% May 15% May 95% May 11% May 44 May 53% May 7% May 6 May 10 May 19% May 1 May 41 May May May 5 May 4% May 50% May 108% May 30% May 14 May 85% May > May 4% May 42% May 112% May 107% May Apr. 48% % 15% 13% May May May May MayMay May MayMay May May May May May May May 24 9% 20% 17 1% 24% 6% 6% 8% 6 40 50 1 14 70% 60 7% 10 14 9 9 6 2 8 14 3 18 73 39 8% 75% 6 % 34% 52 5% 4% 5 11% % 29 % Anr. % May £ %6 % 18% 2% 86% 12% 14% 59 2 .Tan. 4 Jan. 34 May May May 7% May 65 May % Apr. 96 11 2 May 7 May 16 May 9 May May May May May 5 May 55 May 11 6% May 39% May 12% May 106 May May May May Mayr May May May May May MayMay May May May MayMay 28 May 15 May May 5% May 21 May 2 May 13 24 May 1 23 % May 10 112 May 114% May 112273jMay 17 May 9% May 22% May 11% May 2 % May 15 May 30% May 152% May 17 2% May 34 110 102 May May May % May % May 11 May 1 % May 32% Jan. 11% May 97% May 89 May 3 9 3 3 9 15% Feb. 3 15% Feb. 3 7% Apr. 90 Apr. 15 69 Apr. 8 1% Jan. 29 23 Apr. 4 29% May 3 4 37% May 8 17% Apr. 26% Apr. 10 23 Jan. 4% Feb. 3 8 4 55 Mar. 13 Jan. 12 8 Jan. 13% Feb. 9 9 10% Jan. 3 57% Apr. 8 69 Jan. 5 2 Apr. 4 23% Jan. 95 Apr. 3 9 3 14% Jan. 9 30% Apr. 92 Apr. 17 8 61% Apr. 15% Feb. 20 96% Apr.v 8 11% May 2 80 May 44 May 8 53% May 14 3 8% Jan. t¥ Jan. Feb. 3 27 22% Apr. 1% Feb. 4 Jan. 3 Jan. 2 42 9 3 % Jan. 5 May 10 4% May 18 53 111% 31% 14% 85% % 7% Mar. 14 Mar. 28 Apr. 26 Mar. 27 May 9 Jan. 2 Feb. 21 Jan. 4 115% Jan. 11 27 49 109 Feb. % Jan. 1% Jan. 2 Jan. 3 20 2 2% Mar. 25 61% May 88 Apr. 6 8% May 8% May 52% May Jan. 11 Apr. Apr. 9 12 Jan. U 3 May 16% 15% 59% 5% 45 May 56 4% May 34 M ay 8 May May 96 3% May 12% May 1% May 17% May 13 May 67 May 105 May 1122532Apr. 10% May 5 May 15% May 7% May 1% May 10 May 16% May 128 May Apr. 5 7% Mar. 13 40% Feb. 13% Jan. 13 108% Feb. 6% Jan. 7 10 24 Jan. 4 3 2% Apr. 29 25 Feb. 23% May 120 Apr. 114% May 112% Apr. 18% Apr. 11% Jan. 24% Feb. 12% Jan. 2% Mar. 16% Jan. 30% May 152% Apr. 19 10 8 6 24 5 4 9 2 11 3 10 23 AGGREGATE SALES May Shares 31,900 223,400 118,900 71,500 704,100 511,300 242,700 172,600 1,000 83,500 1940 300 37,600 1,600 3,000 120 170 2,200 8,800 284,700 52,200 6,370 198,200 7,270 64,000 933,300 11,600 66,800 144,400 27,600 120,300 13,300 2,020 84,900 1,740 16,400 184,300 2,700 19,800 41,900 4,700 35,800 82,500 129,500 195,900 4,400 15,400 43.100 20,900 98,000 246,400 7,500 May Par Ask 'Bid Bid 29 X Sale 30% Sale 12 Sale Southern --* ....100 Sale Sale 34% Sale 15% 26% certifs_--100 37 Edison.-25 Railway 5% preferred Mobile & Ohio Sparks Withington * Spear & Co 1 $5.50 pref * Spencer Kellogg & Sons * Sperry Corp (The) v t c 1 Spicer Mfg Co.. * $3 conv preferred A * Spiegel Co Inc --2 Convertible $4.50 preferred * Square D Co class B 1 Standard Brands * $4.50 preferred * Standard Gas & Electric * - $4 preferred $6 prior preferred * 7 prior preferred * 340 ,000 Standard Oil of California—_* 25 335 ,900 Standard Oil Co. of Ind 538 ,000 Standard Oil of New Jersey.25 2% 38% Sale 60 Sale 33 X 6 Sale Sale 101X 103% 2% 2% 6% Sale 16% Sale Sale 25 X 26 X Sale Sale 16,100 39,500 40 ,200 Superheater Co (The) 79 ,800 Superior Oil Corp * --1 26 ,000 Superior Steel Corp^.^ .100 33 ,100 Sutherland Paper Co_... — 10 3 ,300 Sweets Co of Amer (The).-.50 ----25 178 ,000 Swift & Co 65 ,500 Swift International Ltd --- 122 9X 27 X 2X 16% 29% Sale 18,300 290 3,900 22,100 62,700 406,600 77,800 100,900 57,600 71,600 10,000 11,700 1,600 4,700 27,800 148,400 34,100 36,600 24,700 29,300 3,000 4,700 100 1.100 710 33,600 7,800 41,100 14,000 1,800 109,100 2,500 67,300 Sale 17 300 1,400 55,600 5,400 5,500 33,500 18,600 10,800 148,400 101,700 380 3,900 1,900 232,500 20,000 45,300 7,000 380 20,200 5,400 28,300 113,200 1,500 23,200 17,100 7,000 1,700 960 8,600 26,400 910 7,800 500 26,800 12,500 25,100 800 17,100 2,700 20,400 240,000 28,800 7,800 1,700 ' 654 4X 6X Co * Texas Gulf Sulphur Texas Pacific Coal & Oil -* 3% 32% 8X 6X 12% 16 X 50 X 3X Texas Gulf Producing 10 rexas Pacific Land Trust—-1 Texas & Pacific .100 Thatcher Manufacturing * $3.60 conv preferred * The Fair Co * - 32 X 4X 28 3X United-Carr Fastener Corp *3 preferred United Drug Inc United Dyewood Preferred 50 800 United Electric Coal Cos 13*100 United Eng & Foundry 86 300 United Fruit * * * 5 .10 613,100j 7% preferred U S Hoffman Mach 5%% conv preferred U S Industrial Alchol 6 12% 7X 2X 75 4X 9 12 24% 2X 24 X 10% For footnotes see 36 Class A. — .- Prior preferred U S Pipe & Foundry U S Playing Card tU S Realty & Impt U S Rubber Co Preferred.. page 40. 5 4% 34 100 5 50 36% Sale 29 Sale Sale Sale 8 Sale 78 Sale 11% Sale Sale 2% 28 Sale 4% Sale Sale Sale Sale Sale 87% Sale Sale Sale Sale 116 Sale 5 85 % Sale 5 79 7X 9% 84 X 175 Sale 81% 8% 10% 85% 181 Sale Sale 31 c,V/s 36 3W Sale 34 Sale 40 112 Sale 50 62 Sale 68 X 3% 34% 8 3% 39% 5 31 6% 5% 37 1% 15 11% 95% 26% 47% 5% 19% 7% 2% 78 Sale 63% Sale Sale 70 6% 48% 120 Sale 7% 14 22 16 - 7% Sale Sale Sale Sale 5% 37% 5 Sale Sale 65% Sale 4% Sale Sale 50 Sale 8 14% 1% Sale 10% Sale 21 23% 5 3% 18% Sale 17% Sale 5% 4% 4% 28% Sale 4% Sale 32 4 Sale 4 Sale 6% Sale 12 9 48 36 4% 40 Sale 34 Sale Sale Sale Sale 2% 30% 3% x26% 3% 4% 29% 1% 96 Sale Sale Sale Sale 8 Sale 83 10% Sale Sale Sale Sale 8% 79 1% 50 3% 25*' Sale 10H Sale 64 116% 107 Sale 12% x77 86 Sale 5% 94 8% 8% 81% 178 5% 31% 26% 6% 11% 72 33% 36% 31% 101% 59 70% 43 3% Sale 27 Sale 66 10% 114% 107% Sale Sale 6 3 32 Sale Sale Sale 4% Sale Sale Sale 83 Sale 83 Sale 8 6% 5% Sale 14% Sale 1% 1% 19% 14% 7% Sale 75% 24% 43% 48% Sale Sale 21 14% 13% 17% Sale 111% 112% 111% 43 65% Sale 12% 17% 17% Sale 1% JX 30 37 37% 4 6% Sale 2% 4% 4% 10% 5% 41% 20% Sale 36% Sale 4% Sale 14% Sale 5 5% Sale Sale 10 11 17% Sale Sale 113 Sale 12 Sale 27 Sale Sale 10% ip Sale Sale 25 115% 15% 3% Sale 6 Sale 38% 17% 82% 3% 4% 35% 2% 29% Sale 4% 8% 8% 20% 2% Sale 100 6 Sale Sale it% ..50 Sale 4% 33% 81% 12% 35% * IX Sale Sale Sale * * 10 Sale Sale 4% Sale 65 31% 61% 5% 4% 60 30 24 100 20 10 Sale Sale Sale 14% Sale 115 116% 11% Sale 5% Sale 6% Sale Sale 46% Sale Sale 30 May May May May May May May May May May May May May May May May May May May 21 30% 12% 16% 27% 35% 21 13 3 21 21 5% 72 1 29 23% 21 44% 21 35 28 56% 22 9% 22 65 23 39 7% 21 29 108% 1% 18 5% 22 18% 25 21 22 30% May 6 23 % May 22 May 15% Jan. 6% May 21 May 20% Jan. 8 May 21 May 34% Jan. May 13% May 21 39 Jan. 33% May 13 May 3 May 1% May 21 May 7 Jan. 4 May 10 May 21 72 May 14 65 Jan. 29 May 14 23% Apr 11 May 8 14% May 29 9 47 Feb. 33 May 21 May 10 3 38% Apr. 19 May 21 May 1 2 57% Apr. May 3 45% May 28 3 11% Jan. 4 % May 22 May 9 66% Apr. 46 May 22 May 40% Apr. 10 26 % May 23 May 10 6 1 7% Apr. 5 ' May May 21 9 May 10 2:98% May 29 108% Apr. 4 3 2% Jan. 1 May May 18 8 3 7% Jan. May 2% May 22 9 3 18% Jan. May 9% May 25 8 3 22% Jan. May 12% May 21 1 17% May 22 22% May 17% 6 20% 20% May 28 28% May 9 30 30 May 21 43% May 1 23 23 33% May May 21 56 56 78% May 10 May 21 1 4% May 15 7% May 4% 1 7% May 4% May 20 4% 1 5 5 May 21 9% May 2 10% May 5% 5% May 21 4 47 47 May 24 65% May 1 118% 118% May 29 123% May 1 7% May 15 9% May 7% 3 12% May 21 22% May 12% 1 2 May 1% 1% May 21 17 May 10 9% May 22 9% 1 20 20 29% May May 21 3 May 22 —6%-May 101 xl7% May 29 24% May xl7% 17% May 29 29% May 17% 4% 3% 4% 28% May May May May 21 22 21 May 4% May May 2% May 26% May 5% May 4 May 5 May 8 May 44 May 2% May 30% May 3 May 20% May 2% May 4% May 25% May 22 14 25 21 23 22 21 22 21 9 22 28 15 21 21 21 28 20 9% May 7% May 5% May 36 May 3 3 3 3 May 22 MSy 28 26% Jan. 29 Apr. 46% May 21 34% May 21 80% May 21 8% May 15 8% May 20 12% May 21 12% May 21 65% May 24 May 29 124 10% May 15 27% May 21 2% May 21 17% May 22 35% May 21 m -May- -22 24% May 32% May 4 % May 21 3 % May 22 4% May 21 28% May 20 4 4 Jan. 5 Apr. 11 Jan. Feb. 3 Apr. 15 2 Jan. 5 Feb. 21 May 4 Feb 13 Jan. 20 5 Jan. Jan. 3 Apr. 4 Feb. 28 Mar,-25- Apr. 22 Jan. 25 9% Jan. 3 7% May 3 6 Apr. 11 40 Mar. 5 71. 45 173* 18% 2X Sale 39% Sale 5 * * U S Leather Co_ 8% 1st preferred 77,500 21.000 U S Smelt Ref & Mining 10,200 8% 6% 5% 17 5 Sale Sale 50% Sale Sale 18% 21% Sale Sale 5% 10% 11% Sale 30% 30% 2X Sale 17X 18% 10X Sale 90 X 90% 23 X. Sale 50% Sale 59 * 23,900 U S & Foreign Secur Corp $6 1st preferred * 7,500 5,250 U S Distributing Corp pref. 100 * 22,200 U S Freight 20 63,000 U S Gypsum Co 4 Sale Sale Sale 100 5 United Gas Impt Co 5 200 $5 preferred _* 92'900'United Merch & Mfrs Inc vtc_l 67 500 United Paperboard Co 10 400,400 4% Sale 26% 5 5% Sale 98% 99% z98% 1 1% 1% 2 % 2% Sale 9% 11% 10% 12% 14% Sale 30 Sale 2 15 Sale Sale 1 990 1,570 17,400 1,200 80,700 32,000 67,100 2,800 50,400 8,000 60,500 , 29 8X Sale 6% 5% Sale 34X Sale 44 X !000 United Corp 111,500 259,200 19,900 123% 9% 21% Sale 1 91.300 {Ulen & Co * 39% 30,500 Underwood Elliott Fisher—* 689!900 Union Bag & Paper * IV* 88 250 900' Union Carbide & Carbon * 2 910'Union Elec Co of Mo $5 pref..* 114 70 500,Union Oil, California 25 16X 55,900!Union Pacific RR 100 95 15,500 4% preferred100 86 % 23 X 67.000 Union Tank Car * 646 000 United Aircraft Corp 5 47 16 X 042 600 United Air Lines Transport._5 15% 20 800 United Biscuit of America * 1*330 Preferred 100 114X 60 19 500 United Carbon * 6 800 46 Sale _ 1 Sale 22 X SK 5 -5 138,300 20th Century Fox Film Corp.* $1.50 preferred * 17,800 * 16,000 Twin City Rapid Transit Preferred 100 2,190 I 1 187,700 Twin Coach Co 760 49 32 Sale ' — 25 Corp (The) 10 ¥ 69,100 Timken Roller Bear 2 170,500 Transamerica Corp Transc & West Air Inc 5 373,100 12,100 Tran & Williams Steel Forg--* * 106,500 Tri-Continental Corp $6 preferred * 2,500 * 23,900 Truax Traer Coal —10 2,700 Truscon Steel Co 9,400 Sale 29% 6% 24% 7~ Texas $4.50 conv preferred 14,000 205,600 Tim ken-Detroit Axle Co 27,100 51,900 84,800 8,700 34,400 45% 4% 62 58 Telautograph Corp Tennessee Corp 7% preferred 100 2.430 1 87,100 Thermoid Co $3 dividend conv pref 10 4,400 100 147,600 Third Avenue Ry 25 17,500 Thompson (J R) * 129,790 Thompson Products * 42,300 Thompson Starrett $3.50 preferred * 14,600 234,000 Tide Water Associated Oil-.10 580 24,700 5,100 560 -9 50 5 ,400 Talcott (James) Inc 5 hi % preferred 720 1,900 27,400 20,300 4,800 31,300 290,100 228,500 purchase warrants—1 Without warrants 1 stock 6 10% Symington-Gould Corp with 62 ,700 41 ,200 19 Sale 57 Sale Sale Sale 33 Sale 46 Sale Sale 14% 26 T4 m 122% 4 68 Sale Sale 22% 27% 42% 33% Sale Co 1% 65 Sale 11X 9X 56 % 8 Sale 38% Sale 7% Sale 105 107% 1% Sale 4% Sale 17 16% 20% Sale Sale 5 23% May 22 6% May 21 56% 9% Sale 44 X 8% 6% preferred 1 ,820 94 ,000 Sunshine Mining 27,700 nH Sale 1 * 6% Sale Sale Highest Sale Prices 13% !§* Sale Lowest Sale Prices 33 % Sale Sale Highest Sale Prices Sale Sale 52% 10% Lowest 38 28% 1% Sale 4 3% 36% Sale 68 5 1 -* 100 10c Sale 23% 34 20 Sale Sale Sale 22% --10 35,300 2,100 61,700 24,400 6 2m i!8 Ask 69 20 % 45 % Inc 1,065 ,600 Studebaker Corp 26 ,800 "Sun Oil 4,500 2% 7% 7 65 78 ,400 Stewart Warner Corp -* (The L S) 51 ,800 Sterling Products Inc 13,000 35 39 Sale 33 X 80 11 ,000 Starrett Co 109 ,700 Stokely Bros & Co 211 ,000 Stone & Webster 1 * Sale Prices May 31 Sale 14% 20 141,600 460 1 Ask Bid Southern Pacific Co Southern California RANGE SINCE JAN. Jan. 2 exchange Jan. 1 Shares n. y. stock Since PRICES IN MAY Price STOCKS In 39 exchange-stocks n. y. stock June, 1940] 7 3% 3 33 1 May 8 May 8% May 81 May 18 May 35% May 4% May 10% May 4% May 1 % May 74 May 3% May 6% May 5 May 14 May 1% May 13% May 6% May Sale % May May 9% May 61 Sale May Sale 105 May 12 12% May 71 Sale May 77 75% May Sale 24% May Sale 40% May Sale 12 May Sale 12% May Sale 111 May Sale 42% May Sale 12 May Sale 1% May Sale 27% May Sale 3% May 3% 2% May 40 47 May Sale 2% May 32 25% May Sale 60 May Sale 10% May 109 108% May Sale 6% May 3 3% May Sale 26 Sale 3% 3% May 82 88 Sale May 5 6 5 Sale May 5% May 6% 5% 9% Sale 55% May 58% Sale 167% 165 165 May 180 2% May Sale 3% Sale 26 30 34 May 23% Sale 14 Sale 16 May 3% May Sale 3% Sale 6 7% Sale May 6% 50 55% Sale 47 May Sale 22 24 Sale May 32 May 29% Sale 38% % May Sale % Sale 15 Sale May 17% Sale 78 68% May Sale 75 Sale 44 39% May 60 60 65 % Sale May 58% Sale 3% 83% 18 21 28 28 21 21 21 21 22 22 20 21 22 21 22 22 22 23 4% 6% 47% 4% 35 8 5% 11 12 44 3% 39% 5 33 7% 5% 38 1% 15% 12 97 27% 47% 5% 19% 7% 2% May 3 May 10 May 10 May 9 May May May May May May May May May May May May May May May May May 10 May 4 May May May May May 78 May 10 5% May 10 9 May 18 8% May 2 20% May 2% May 25 May 11% May May May May .May May May May May May May May May May May May May May May May May May May May 12% May 113% May 10% May May 5% May 97 May 9 May 9% May 83% May 182% May 5% May 31% May 27% May 6% May 11% May 74 May 34% May 37% May 1 May 31% May 101 % May 59% May 70% May 3 May 4% May May 2% May 26% May 5% May 33 4 M ay ,5 2% May May May May May May May Feb. 4 Jan. 8 44 2% 30% 3 20% 25% May 1 May 8 May 8% May 81 May 18 May 35% May 4 % May 10% May 4% May 1 % May 74 May 3% May 6% May 5 May 14 May 1% May 13 % May 6% M-y 22 14 25 21 23 22 21 22 21 9 22 28 15 21 5 2 28 18 21 28 28 21 21 21 21 22 22 20 21 22 21 22 22 22 23 % Mar 16 24% May 31 May. 21 .?* May May May 71 May 75% May 22% Jan. 105 12 11 10 10 3 13 1 3 1 11 40% May 12 May 12% May 111 May 42% May 12 May 1% May 27% May 3% May A* May 40 May 2% May 25%- May 60 May 10% May 108% May 6% May 3 May 5 9 3 14 1 13 3 10 Jan. 53 4 5 Mar. 21 Apr. Apr. Apr. Jan. Jan. Jan. J an. 4 4 11 8 4 8 8 Mar. 21 Feb. 16 42% Feb. 16 5% Mar. 8 Mar. 7 34 7% 5% 38% 2% Apr. Apr. Apr. Jan. 8 22 16 4 23 Jan. 27 12 May 6 May 10 27% Apr. 24 97 52 7 Jan. 3 Mar. 14 Apr. Apr. Jan. Mar. Apr. Apr. Jan. Jan. Apr. 30 Apr. 13% Mar. 21% 8% 2% 82% 5% 10% 13% 25% 3% A* Jan. 4 4 4 7 15 24 4 23 4 4 14 11 Feb. 19 45 18% Apr. 22 Jan. 28 4 27 116% 2 21 8 25 27 11 23 21 28 May 17% Jan. 98 Apr. 89% Feb. 29% May 53% Apr. 23% Apr, 18 Apr. 17 Feb. 23 65% May 19% Apr. Apr. 2 5 4 Feb. 13 Apr. 11 18 119 23 24 29 8 10 11 16 4 22 4§* lH 22 65% Mar. 14 21 22 *¥> 21 85^ 21 28 Mar. 13 Jan. 3 Jan. 3 Jan. 3 Jan. 6 22 117% Feb. 24 22 13% Mar. 12 22 21 3% May 25 80 5% Mar 7 47% 4% 35% 8% 6% 12% 18 % 15 18 7% Apr. 10 Jan. 3 J* 97 May 11 10% Apr. 11 3 10% Jan. May 5% May 22 Jan. 25 89 55% May 23 165 May 23 182% May 14 9 6% Mar. 2% May 21 26 32% Mar. 11 May 15 28 14 Apr. 25 May 2i 7% Apr. 23 3% May 21 6 12% Apr. 23 May 21 74 50 May 4 May 21 4 22 38% Jan. May 21 39 Apr. 1 29% May 31 5 1% Jan. 3 % May 3 15 41% Jan. May 21 Apr. 11 68% May 22 117 Jan. 4 65 39% May 23 70% Jan. 11 60 May 22 40 N. Y. STOCK EXCHANGE-STOCKS AGGREGATE SALES Price STOCKS In Since May Shares PRICES IN MAY 691,400 24,700 7,500 310 8.300 5.600 25,600 300 4,900 180 "4",000 17,800 10,500 930 720 1,900 1,900 640 30 900 ~ 9,000 3,500 9,300 2,800 136,700 1,470 17,200 1,600 4,400 5,400 6,500 6,800 9,000 -149,1-00 36,700 12,000 8,100 20,000 10,900 281,600 3,990 39,300 2,100 10,600 11,400 18,300 21,000 Sale $6 200 28,400 10,900 2,500 2,500 69,900 57,200 55,300 910 22,400 9,500 5,800 conv * preferred 100 100 100 * 4 A % preferred with warr * 100 * WaiwoFthGu.-^.,.. Walker (H) Gooder & W Ltd.* ■--* Preferred Ward Baking Co class A * * Class B 100 7% preferred 5 Warner Bros Pictures * tWarren Bros * Co n vertible preferred * Warren Foundry & Pipe .* Washington Gas Light Co.-No $3.85 conv preferred 5 Waukesha Motor Co 2 $4 conv 5634 15 Sale 68 151 157 Sale 69 134 134 134 634 20 34 9534 534 Sale Sale 3 7 21 34 Sale Sale iff 86,500 78,900 10 200 1,900 3,200 1,680 4,400 4,800 204,900 930 . 17,300 153,400 700 19,400 29,200 20,900 * Sale A^ 40 Sale 13 Sale 63 34 16 15 66 154 ' 101 99 %, Sale 1934 Sale 70 34 A 123-4 1634 3034 Sale 16 34 36 34 33 140 60 Sale 25 24 115 11634 11634 101 4534 4634 3534 Sale 11 12 44 Sale 87 134 21 Sale Sale Sale 15 3834 30 Sale 5h 3734 2834 3534 9234 3334 77 126 1 Sale 134 34 734 ..... Sale 1 34 Sale \X „ 98 Sale Sale Sale 44 34 Sale 134 634 2834 26 34 134 6 9 Sale 31 '1934 Sale' 23 3< 33l- 134 834 Sale 37 1 30 23 24 27 34 19 2034 22 15 16 15 34 16 55 6334 85 95 234 234 Sale 18 Sale Sale 112 Sale 100 34 Sale 105 Sale 10434 115 Sale 117 3-8 Sale 9034 11834 109 2434 102 Sale 4 434 734 634 34 % 22 Sale 23 34 9234 Sale Sale 15 113 Sale 87 114 Weston Elec Instrument. 12.50 2834 37 Sale 13134 133 3134 Sale 3834 Sale 38 34 Sale * 154,800 White Motor Co 139,100 White Rock Min Spgs Co 167,300 White Sewing Machine 84 convertible preferred.. 3,400 Prior preferred 16,500 21,000 Wilcox Oil & Gas. 485,000 Willys-Overland Motors.: 203,500 6% conv preferred 348,800 Wilson & Co 25,200 $6 cum preferrred.. 96 34 110 70 6534 1034 12 h 8 k 634 Sale 33 6 634 Sale JP* 3634 46 Sale Sale 5834 Sale 23 34 Sale 5 334 134 334 534 Sale Sale 234 3 34 3 Sale Sale 6 Sale 634 Sale ♦ 52 Sale 54 Sale 2334 3834 2434 Sale Sale 18 * 72 100 6634 6% preferred B 60 70 100 Prior pref 434 % series 9,500 35 100 3434 Prior pref 4 A % conv ser 100 13,000 46 4334 Sale 5,270 Wright Aeronautical Corp * 114 15,600 Wrigley (Wm) Jr * 8534 8734 16,900 Yale A Towne Mfg Co 25 2434 Sale Sale 515,200 Yellow Truck & Coach cl B..1 2,530 117 7% preferred. -.100 Sale 52,200 Young Spring & Wire * Sale 357,300 Youngstown Sheet & Tube * 1,800 534 % preferred series A..100 84 89 59,000 Youngstown Steel Door * 2734 Sale 74,300 Zenith Radio Corp * 1634 1634 89,900 Zonite Products Corp... 1 234 Sale _ 68 ilIM M Cash sales, x 54 Apr. May May May May May 22 ?4 3 2 2 30 34 . May 8 1534 May 22 26 34 May 3 54 22 20 13 34 14 4 9 9 Feb. 28 May 9 Jan. 4 Mar. 1 May 8 Jan. 13 2 3 Jan. Apr. May May May 154 Mar. 734 Apr. 2334 May 101 6 5 9 Mar. 15 6.34 JftlL May 3534 Jan. May 1634 Feb. May 934 Jan. May 134 Jan. May .2534 Jan. May 434 Feb. Jan. May 50 Mar. May 2 Mar. May 9 May 3134 Jan. May 2834 Feb. May 21 2034 Apr. Jan. May 21 24 234 May 21 5 Jan. May 34 14 34 2 Apr. May 1534 Apr. % May 34 534 16 34 9234 Mar. 15 3134 Mar. 14 15 434 Jan. 4 22 3154 Jan. 4 23 118 Jan. 6 12834 May 28 135 1 r, May 4 May 10 27 34 May 7 18 k May 9 29 May 10 24 May 18 3 54 2 6 Feb. 19 May 21 48 2834 May 29 35 71 May 23 100 111e 15 22 Mar. 27 37 2 434 May Sale . 6 5.34 3 34 30 14 34 Sale 4934 1634 2 234 2 34 Sale 354 Sale 4 4134 Sale 49 17 105 21 15 18 15 3634 4 34 7 % % 22 24 34 May 21 11454 May 21 133 34 26 34 May 21 3754 27 k May 21 38,34 2834 May 21 3834 76 110 85 Sale 23 11734 May 21 2554 May 1434 May 22 15 34 May 21 90 9634 105 51341 60 954 834 834 Sale 1534 May 22 6034 May 23 95 May 23 9634 May 22 91 May 25 1083s May 23 11 May 21 10054 May 17 22 May 21 2 54 May 15 4 34 May 18 34 May 15 6034 May 23 72 34 May May 23 110 95 May 96 34 May 22 113 May 91 May 25 105 May 50 1834 96 34 51 May May May May May May May May May May May 28 60 24 97 34 32 21 15 105 29 May May May May May 14 34 May May May May May May May May May May May May May 22 27 54 May 2854 May 50 May 85 May 1834 May 9634 May 51 May 234 May May 6 May 7 May 68 May 8k 7 A 434 334 46 1454 3 54 16 21 15 22 13 2034 3034 Sale 16 Sale 50 65 Sale 40 Sale 2134 Sale 44 62 3934 71 Sale 27 3034 Sale 50 Sale 35 40 120 Sale 95 105 92 Sale 75 23 Sale 15 34 77 34 Sale 1734 Sale 11834 Sale 1154 Sale 10034 103 12 Sale 42 34 93 Sale 2134 1534 Sale Sale 9 3 34 Sale 234 99 u 7 3034 70 1534 Ex-rights. Sale Sale 8534 Sale c, Sale 1554 May 30 May 1354 May 60 May 64 May 3034 May 40 May 95 May 73 May 1534 May 954 May 98 May 654 May 27 34 May 80 May 123a May 854 May 234 May J3L 11 1 10 lO 10 19 3 16 16 5 7 22 4 454 Feb. 23 Apr. 16 22 21 n» Jan. 8 108 11834 Apr. 30 3 2534 May 105 Apr. 29 4 4054 Apr. Jan. 5 9 Jan. 5 1 2834 Jan. 2834 Jan. 21 Jan. 118 21 138 Jan. 20 37 % May 21 21 28 3834 Feb. 39 34 Jan. Mar. 24 67 98 21 3534 15 105 29 71 22 4 14 54 May 22 154 May 15 134 Jan. 5 Jan. 15 3 3 34 May 21 May 21 46 10 1 8 22 10 8 9 10 Jan. , 60 64 95 73 8 2 354 Jan. 11 334 Apr. 22 6 54 Apr. 13 734 Apr. 22 70 Mar. 6 Mar. 1 2754 Apr. 4234 Apr. 2454 May 9 5 8 May 22 May 10 71 22 42 Jan. 25 69 Apr. 23 May 8 May 20 54 54 May 9 21 129 May Apr. 9 May 23 93 Apr. 26 3034 May 40 3 4 30 Apr. 9 Apr. 30 Apr. 5 Apr. IS Apr. 9 Apr. 10 May 3 1134 734 5734 Mar. 24 54 May 2 12134 15 54 May 21 30 May 18 13 34 May 21 13 Jan. 1134 ay 4 834 Apr. 13 54 an. 4 12 9 Mar. 16 38 Jan. 11034 Apr. 115 Apr. 734 May 21 4 34 Mar. 23 8 54 3 34 2734 May 40 May 2434 May 60 May 64 May 42 May 5434 May 123 34 May 92 May 23 May 18 May 120 May 12 34 May 44 54 May 93 54 May 22 34 May 1534 May 334 May Jan. 26 6634 1054 12 34 May 934 May 7 34 May 46 May 24 34 May 134 May 15 134 May 15 May 21 3 ?4 May 21 46 May 21 May 1534 May 76 May 110 May 116 26 Ex-dividend, 5 24 24 11 12 10 Jan. 4354 3954 11734 4934 5934 14 18 34 11 120 210 r Sale 2034 116 Deferred deli very. Sale 201 .1 10 May 154 May May 109 May 20 Apr. Apr. Apr. Apr. May Jan. eVA 1 234 May 21 70 21 ' * 1 * Sale Sale Sale 10 Sale 3234 85 110 * a 30 98 90 Sale Sale 45 68 934 1234 Sale 120 30 67 3134 1 Sale 19 55 97 34 30 34 100 Wisconsin Elec Pow 6% pf-100 73,900 Woodward Iron Co 10 329,800 Wool worth (F W) 10 174,400 Worthington P & M 340 7% preferred A 34 May 21 334 May 16 22 May 23 20 May 21 13 34 May 21 14 May 21 16 15 96 Sale __30 30 May 15 May 22 10834 May 11 May 105 10034 May Sale 24 ' 22 May 2 34 Sale 2 34 May 6 4 34 434 May 34 54e 34 May Sale 138 Sale preferred 2 Sale Sale 136 conv 34 May 21 34 May 16 1434 May 16 3 Feb. ?8 19 23 5 60 Sale" 11634 5% 134 2354 3 34 4534 134 7 34 2854 Sale Sale Westinghouse Air Brake * Westinghouse Elec & Mfg. .50 7% 1st preferred.. .50 16,300 5 34 2 110 Sale May 31 4834 134 May 22 534 May 28 May 18 43 May 22 1234 May 24 17 45 May 24 70 137 May 27 159 60 May 21 112 3 Sale Sale 43 1 3 30 34 May 14 34 May 7 34 May 26 2634 2734 1 May 134 May May 21 7234 Sale Western Union Telegraph..100 % May 22 54 May 15 34^tfay 22 Sale 36 34 28 135 11 Sale' 1934 May 13 May 8 18 1134 6 82 95 Sale 26 7334 10534 11234 23 5 34 May 434 * May 9834 May Sale __* 34 May 22 Sale 100 9 1 2 29 3 .V* 60 Snowdrift 18 1134 May "'44 21 May 9234 May 24 22 34 preferred 5 May May 2834 May 71 May 12834 May 37 1 9 1 3 4 34 1 2 2 1 7 34 May 34 Sale May May May May 2834 3 34 15 22 27 34 23 1,17 34 3 Apr. 54 May 1234 May May 23 May *113 May 3534 May 56 54 Jan. 24 23 34 May 2 34 30 34 46 42 May 21 6834 Jan. 103 34 May 21 124 34 Apr. 32 May 13 3934 25 May 134 May May 109 May 19 14 May 21 Sale 15 May May May May May May 16 34 May 22 34 , 23 h Sale 34 34 May 21 18 1234 May 21 May 23 43 34 May 22 33 34 rll3 May 14 116 34 3534 May 28 49 k 25 23 94 4 Sale 42 May 21 6334 May 10 May 10334 May 21 124 32 May 13 3834 May 43 May 31 4734 May 234 May 134 May 22 714 May 534 May 28 1 May 18 lh May 43 May 22 5534 May 11 May 10 1234 May 24 17 45 May 24 66 34 May 7 137 May 27 154 May 8 60 May 21 10034 May 2 Sale 3, 734 134 Highest Sale Prices 18 17 34 90 tl 7 Lowest Sale Prices 134 ..... Sale 23 l.3, Highest Sale Prices 75 7934 19 2834 Sale 334 Sale 234 16 27. Sale 111 11734 Sale ----- * _ 35,200 Westvaco Chlorine Prod. 49 Sale 700 6% preferred .100 69,000 Western Auto Supply Co 10 25,900 Western Maryland 100 5,300 4% 2d preferred. 100 11,300 Western Pacific 6% pref.-.100 No par value, 45 40 6934 15734 131 47 Sale 31",300 134 103-4 95 5,600 Sale 1934 4,410 53^% conv preferred 100 167,100 Wheeling Steel Corp ;..._* 330 6% preferred 100 3,200 $5 conv prior preferred * 5,300 White Dental Mfg Co (SS)_20 53,600 99,400 Sale Sale 1,680 58,000 10,000 109,700 134 534 Sale 70 5,100 Sale 43 1434 3834 100 Sale 30 40 900 3434 Sale 234 1634 8 34 134 Sale Sale 3734 62,400 24,500 54,800 Sale 7 34 Sale 80 Wheeling & Lake Erie Ry__100 160 Sale 3234 16" 734 134 2234 334 60 900 Ask 18 22 3-4 * 2,080 West Penn Electric Co A 5,220 7% preferred 100 4,290 6% preferred. 100 6,200 West Penn Pow Co 4H % Pf 100 59,800 West Virginia Pulp & Paper..* 178,000 144,700 132,700 2,020 52,300 3734 55 Lowest Sale Prices May 31 ___1 Wayne Pump Co Wesson Oil & 1 Ask Bid Sale 46 34 Sale 10934 o 734 54 14 — 5,900 1,150 46J4 Sale 2H 6H VA :::i6 5934 12334 37 43 K United Stores A Bid Sale 35 ::i25 7% preferred 47,500 Webster Eisenlohr 7% preferred 56",700 1,100 Sale * United Stockyards Corp.. ...-i * Conv preferred (70c).. 5.800 - 600 370 13,200 IlOO 117H Steel 7% preferred U 8 Tobacco - 13", 200 1,550 66K Sale 4,700 J Wabash Ry Co. 16,500 5% preferred A 190 5% preferred B 26,200 Waldorf System 29,500 Walgreen Co. 5,000 1,700 Ask - 8,900 13,800 States Bid 20,900 Vadsco Sales Corp — * J4 740 Preferred 100 16 1934 Sale 326,300 Vanadium Corp of America.-* 5 37 38 14,700 Van Raalte Co 1,040 7% 1st preferred 100 114M 11534 —5 18,100 VickChemical Co.. 4434 Sale 30 Vlcks Shreve & Pac Ry Co_100 62 55 80 5% preferred 100 5 30 "~ Sale 18",400 Victor Chemical Works * 3 A 40,100 Va Caro Chemical 434 Sale 29 28,400 6% preferred 100 2,670 Virginia Elec & Power 6% pref* 11734 118 Virginia Iron, Coal & Coke— 6 M Sale 2,070 5% preferred ...100 5,400 Virginia Ry Co 4434 45 --25 33 34 6,600 35 6% preferred 25 93 Sale 1,450 Vulcan Detinning.. 100 30 7% preferred -100 132 350 12,200 1,700 70,400 United * ::ioo 890 8% preferred 7,450 Universal Picture 1st pref. -100 204,400 2,700 -» May 5,000 U ni versal-Cyclops Steel.. :::ii * 5,400 Universal Leaf Tobacco 1,900 1,100 230 770 m m <*••- 1940 Par 1,739,300 67,800 30,700 2,070 26,800 13,000 75,500 2,440 RANGrE SINCE JAN. 2 Jan. 1 Shares Jan N. Y. STOCK EXCHANGE Jan. 1534 May 28 25 954 May 21 1934 Jan. 98 May 25 124 Apr. 3 4 23 Apr. 16 6 54 May 10 10 3 1 3 21 14 2734 May 80 May 1234 May 834 May 28 Mar. 1 3 4834 Jan. 93 54 May 10 4 2834 Jan. A 8 1754 434 t Companies reported in receivership. 2 28 21 21 nr ^ Called for redemption. New York Curb Exchange MONTHLY AND YEARLY RECORD RANGE Stock Sales May Shares. 1940 Bond Sales 1939 May 2,129,637 17,287,426 7,179,036 23,938,036 Jan. 1 to May 31_ NEW YORK CURB EXCHANGE ON PRICES OF 1940 - Jan. 1 to NOTICE—Deferred delivery. under the rule and cash sales, are disregarded and when selling outside of the regular monthly range are shown in a footnote computing the range for the year. May 31 1939 . $34,683,000 199,516,000 $38,112,000 160,067,000 In the month's range, unless they are the only transactions o the month, in the month in which they occur No account is taken of sucn sales in AGGREGATE May Shares Jan. 2 Jan. 1 Shares 100 43,900 4,600 5,700 18.000 400 4,300 375 800 390 800 300 2,270 1,400 106,800 15,600 18,700 49,600 6,900 27,700 1,250 2,170 2,120 1,300 1,700 1940 STOCKS Acme wire Co Aero Par 1 com 5 Air Associates Inc common 1 Air Investors Inc * Convertible common preferred Warrants Ala Gt Sou RR ordinary Ala Power Co $7 preferred $6 preferred., Class A 950 125 50 * * Alles & Fisher Inc common * Alliance Investment common * Allied Internat Investing— 100 $3 conv preferred 2,450 Allied Products Corp 100 1,550 .1 Class B Mfg Corp 1,000 610 15,500 Amer Box Board Co com. 900 Amer Capital Corp cl A 5.700 100 2,700 2,600 50 800 70 4.300 111,700 51,100 1,200 3,000 46.300 5.400 3,525 26,500 * 100 2.900 _ „ . 600 .950 40 30 """775 50,300 2,400 33,500 800 25 1' Foreign Power Hoe Co American General Preferred Corp 470 10c -100 _ 10 2 * 1 800 2,800 13,300 3,900 21,400 t Assoc Gas & Elec common. .1 Class A 1 117,600 $5 preferred * 22,500 240 5,400 17,800 20 % Sale I 4 76 % % 31% 28% 1% 33 31 1% 33% Sale" 12 13 10 12,700 200 Assoc Tel & Tel class A Atlanta Birmingham & Coast 22 % % 64 Sale 92 Sale 82 % 2% % 83% 2% % 4 6H 9% 9 20 Sale 17* 78 3% tr 31 35 34 1 % Sale 37% 16% % Sale 24% 27 23% 28 % Sale 25 44 Sale Sale > 62 SA Sale 33% o Sale 13 44 30% 9% Sale Sale 37 % %e 11% Sale 27% Sale 2% 2% 22% Sale 25% 29% 18% 11 % 14 Sale 36 Sale Sale Sale 17% 13 16% 15% Sale 28 % Sale 17% 15% 28 Sale 25 28 20 23 24 Sale 16 Sale 68 85 72% 85 Sale 64 85 Sale 16 % 32 Sale Sale 84* 88* 7% 7% 5% Sale % Sale 73 74 % 15% 15% 3% Sale 1% 1% 2 1% 12% 13% 33% % 107% 8% 5% 7% 5% 5% 2% Sale Sale 6% Sale 7% 8% lAt Sale % Sale 5% 5% Sale 29% 34% % Sale Sale 6% % Sale 63% 12% 3% 1% 1% 13% 114 2% 2% 7 May 10 4% May 14 4 5% May 3 May 21 14% May 3 10% May 28 8 3% May 1.% May 21 26 27% May 10 May 13 May 10 % May 21 May 8 62% May 21 77 8 90% May 23 105% May 95 82 May 8 May 25 2 May 14 2% May 14 % May 18 % May 21 3% May 8 May 19% May Sale 141 150% 108 113% 114% 109% Sale 18 16% 17% 16% 16% 5% 6% 8% 5% a 9% Sale 98% Sale 55 42% 96% 108% Sale 1 1% 1% Sale J* Sale 37 43 44 37 4 4 6% 7% 4% 1% 3% 1% 1% % 187 32 2% 2% 8% 97% 5% 65% 13% Sale 1% 1% 14% 13% 12% %> . 26 30 5% 3% % 49% 6% 2% 1 1% 1% 6% Sale 4% Sale 52 8 3 1 11% Sale 1% Sale 7 6 9 10 10 7 9 1 4 1 2 9 21 13 May 29 72% May 13 %s May 25% May 22 33% May 31% May 1 % May 8 25 May 29 % May 25 32% May 27 26 May 21 8% May 24 % May 21 9% May 22 25% May 21 2% May 21 22% May 31 26% May 21 11 May 21 13% May 28 11% May 22 25 May 28 13% May 21 65 May 24 %> May 31 23 May 21 3 1 36 May 7 38% May 10 19% May 3 %. 14% 36% 3% 30% 28 19 May 10 May 9 May 1 May 3 May 1 May 21 May 9 17% May 9 15% May 9 29 May 3 24% May 7 73 May 16 % May 3 34 May 6 May 5 May 3% May % May 52 May 6 May 2% May 1 5% Sale 4% 4% Sale Sale 6% 7% % % % Sale 2% Sale % % 1% Sale Sale May % May 8% May 108 May %« 1% 1% 6% Jan, 11 1% 17% % 62% 90% May Jan. May May May May 21 13 21 21 23 82 4 4 May May May May May 25 9 % May 21 8 May 21 i}§* 1% 49% 7% 2% 1 11 19 2 Jan. 36 26 May May Mar. May Feb. 4 21 24 12 22 28 May 21 22% May 31 26% May 31 11 May 21 3 Apr. 33% Mar. 1% Apr. May 39% Jan. 19% Apr. >18 Jan J an. u 14% Apr. 27 39% Jan. 8 4 Apr. 4 31% Mar. 13 34% Mar. 21 19% Apr. 13 18% 16% 29% 25% 13% May 11% May 25 May 13% May 65 May %6 May 23 May % Jan. 70 May 5 May 3% May % May 52 May 6 May 2% May 1 May % May 8% May Mar. Jan. Jan. 9 11 26 75*' 17 11 Jan. 36 9 19 Jan. % 109% 10% 6% Apr. Feb. 68 29 Jan. 17 Apr. May 3 6 Mar. 12 Jan. 4 Jan. 9 8 Jan. 3% Feb. 1% Mar. 6 8 2 Feb. 27 15 Apr. 18 Jan. 9 115 May %6 Feb. 26 Jan. 2 Apr. 1 Apr. 23 99 Jan. 18 6% Mar. 8 5% Jan. 11 % 2% 2% 8% 1% May 1% May 6% May 87 May May May 6% % % 2% May May May May 6 % May ,8 % Jan. % Feb. 1 May 12 % May 22 1 May 15 1 1 May 29 1 % May Apr. Apr. 10 Jan. 4 4 Mar. 30 Apr. Mar. 28 31 4 21 4 Jan. 35 May 4 16 4 29 Jan. 25% May 22 25 May 29 % May 25 108 16 80 % May 8% % 9% 24% 2% 21 20%* Feb. 72 Prices 2 22% Jan. 22% Mar. 13 7 May 10 6% Mar. 12 3 14% May 3% Apr. 15 3 30% Apr. 4 % Apr. 9 78% Apr. 108% Apr. 30 98 Mar. 1 6 2% Jan. 8 1% Feb. 4 May 11% Mar. Apr. 192% Apr. Apr. Apr. 11% Feb. 110% Mar. 109% May 3% May 19% May 138% Jan. 108 May 16% May 5% May 42% May 96% May % Mar. 37 May 4 May 1% Jan. % Jan. 13 May May May May May May May May 2% 2% 8% 97% 5% 5% Feb. 2 114 May May 6% May IK 4 10 May May May May May May May 14 May 6 17 16 May 21 Apr. 4% Jan. 107% 10% 5% % 63% 12% 3% 1% 1% 13% May May May 21 13 21 1 87 95 86 May 21 May 29 72% May 13 % May 28 13 70 1% % 8% May May May May May May May May May 4 May 10% May May 189% May 115% May 17% May 9% May 98% May 109% May 1% May 44 May 6% May 1% May 20 %6 85 114% 109% Sale Sale Sale Sale Sale 14 Sale % 74 9 15 % Mar. 20 RR ««e page 53. % 1% * Co preferred 100 10 Atlanta Gas Light 6 % pref. 100 * 73,300 Atlantic Coast Fisheries For|footnotes 18 17 30 Sale 5 12% 2% 6% 3% 30% 12 Sale 4 10% 21% 20 1 38% Sale 3% Sale 25% 25* 200 Assoc Laundries of America..* V t c common * 800 10 Sale 5% 11 J* 2 7 20% May 21 May 15 Sale Jan. 8% Feb. 24 %6 Jan. 2 % Jan. 10 5% Jan. 3 Warrants " 50 6 Sale 29% % % 75' 76% 107% 108% 97 95% 2% 2% 1 1% 36 * 32,800 Arkansas Nat Gas common. Class A non-voting-__ 113,429 * 6% preferred 10 47,000 1,400 Arkansas P & L $7 preferred.* 7,600 Art Metal Works common.. .5 40.500 Ashland Oil & Refining Co..l Assoc Breweries of Canada * Associated Elec Industries— American deposit rects £1 13,900 40,000 8,600 Sale A * 10 3,700 Angostura-Wupperman 3.400 Apex Elec Mfg Co common.. Appalachian Elec Power— $7 preferred. 1,535 98,600 tAreturus Radio Tube 1,300 2,100 May 15 warr com American Gas & Electric Preferred $6 series.. * 21,200 5 13.900 American Thread 5% pref 4,000 Anchor Post Fence common. _* 400 1,800 10,700 * 140.200 American Superpower...... 1st preferred $6 series 6.100 5,600 105% 107 10c 115,700 Amer Republics Corp com, 14,000 Amer Seal-Kap Corp com 3,900 18 -1 43,100 American Maracaibo * 5,200 American Meter Co. 1,800 Amer Pneumatic Service 3,400 Amer Potash & Chem Corp..* 18,700 1,100 16 % "97"" Sale" American Export Lines com__l Amer & May 21 4 10c Class A with warrants Class B Amer Fork & 13 21 10 19 1 11,600 American Laund Mach com .20 46,200 American Light & Traccom.25 6% preferred 25 2.900 3,850 American Mfg Co common. 100 3,200 20,300 1% 100 $2 preferred 1 $2.50 preferred 575 1 6,750 Amer Hard Rubber Co com.50 125 3 1 * 385 Amer Cyanamld com class A_10 Common class B non-vot.. 10 336.900 153,100 5,600 6,350 126,900 15,200 9.800 2% Sale r 1,100 9.300 Sale 140 * 32,600 American Centrifugal Corp__l Amer Cities Power & Lt Corp— Conv class A 2,775 25 350 % % 77% Sale 115 S3 preferred $5.50 prior preferred 8,200 18 22% 27 * Common class B ""'200 16 21 Sale 101 Lowest Sale Prices 23% Sale Sale Highest Sale Prices 22 6% 5% 13% 3% Sale Ask 22 Sale Highest Lowest Sale Prices May 31 20% 5% 5% 10% 2% 22% 100 * 1 Ask Bid Sale 20 Sale 25 38,950 Aluminium Ltd 6% preferred 3,200 5.200 Aineriban Beverage Corp 2,730 American Book Co 700 Bid 22 % 20% * 10 com - 97,850 Aluminum Co common 14,900 6% preferred 4,100 Aluminum Goods Mfg 9.800 Aluminum Industries com 26,150 3,200 2,300 1,750 10,550 May Ask Bid 20 10 common Supply Mfg class A Ainsworth 1 Price NEW YORK CURB EXCHANGE Since 870 RANGE SINCE JAN. PRICES IN MAY SALES In 65 70 102 3 66 H, % 69% 50 5 2 66 107 Sale 3% Sale 1% Sale May 29 May 10 May 10 65 104% May 21 104% May 21 3% May 2 1% May 22 65 %6 Feb. 21 May 29 % Mar. 8 %6 Feb. 21 2* Apr. 6 Apr. 8 May 10 68 104% May 21 104% May 21 4% Apr. 16 1% May 22 65 NEW 42 YORK EXCHANGE CURB AGGREGATE SALES RANGE SINCE JAN. PRICES IN MAY 1 NEW YORK CURB EXCHANGE Since May Jan. 1 STOCKS Shares 2,670 6,900 210,300 6,700 20,200 13,700 4,900 10,400 Atlantic Coast Line Co Atlantic Rayon Corp Atlas Corp warrants 5 Plywood Corp * t Austin Silver Mines Automatic Products Corp 5 Auto Voting Machine com—* 5 3,300 Avery (B F) Sons Co._ 475 6% preferred with warr 25 675 6% preferred ex-warr 25 Purchase warrants 4,100 374,100 Aviation & Transport Corp__l 10 3,320 Axton Fisher Tob class A ilk ieiH 4% 600 200 300 4,600 1,000 7*$ Sale 6*4 7H X % *4 % Purch warr for common Co com__.-l Bardstown Distillery Inc 1 Barium Stainless Steel 1 Barlow & Seelig Mfg conv A__5 Basic Dolomite Inc common. _1 Bath Iron Works Corp -1 Baumann (L) & Co com * 7% 1st preferred 100 7% 1st pref vot tr ctfs 100 Beau Brummell Ties Inc 1 Beaunit Mills Inc common--10 12 *$ 1 Ys Purchase warrants 22 Sale Sale 21*$ 5*4 4*$ Highest Sale Prices May 20 4*$ May 18 % May 31 2 May 21 11*$ May 22 X May 2 % May 17 3*$ May 22 3*4 May 22 18*4 May 13 17 May 7 1 May 15 2*$ May 15 34 May 25 3*$ May 23 29*4 May 13 18*4 May 10 13 *$ Apr. 16 X May 31 3*4 May 2 May 21 11*$ May 22 X Jan. 25 19*$ *f« 1*4 6*$ May May May May , 1 i% X % %e Sale 8*$ 9*4 a a 4 Sale 12 1 Sale 6*$ Sale 3*$ May 22 3*4 May 22 40 18 28 4*$ 5*$ 4*$ 5*$ 13*$ •17 5*$ lV* 5*$ Sale 27 Sale 6*$ Sale Sale Sale 3*4 4*$ 4 5 10*$ 4*$ 4*$ 144" 90 117*$ 116*4 Sale 115*$ 20 45 37 X 30 44% —50— X Sale *32 % 11*$ 14*4 37*4 38*4 39*$ 4 6 5*$ 4 5 2*$ 15*4 18*$ Sale 40 ■ Sale.. 14)4 1*4 14h IX 40% 40 6*$ 2% 26% 6% 3 X 30 28*$ 27 Sale 5 14* 1*$ 43*4 6*$ Sale 44*4 7 2 2*$ 27*$ 30*$ 44*$ Sale 6*4 6?$ 16 23 20 May 14*$ Jan. 12 1 May 15 2*$ May 15 34 May 25 17 1*$ May 4*$ May 46 May 3*$ May 18 22 23 21 17 15 22 17 4*$ May 14 May 25 May 25 May 3*4 May 19 25 28 32 4*$ 5*$ *4 1*$ *$ X 3X *4 May 21 May 21 3*4 May 22 1 *$ May 20 16*$ May 21 29 May 21 4*$ May 22 2 Jan. 3*4 Apr. 30 30*$ Apr. 22 18 27*$ 8*4 7*$ % 3*4 9*$ May May May Mar. Mar. May May May 1 Mar. 21 May 22 20 5*4 May 9 4*$ May 14 14& 1*4 43*4 6*$ 2*$ 53 18*4 May 21 1 16 36 Apr. 22 10 4*$ Apr. 15 1 *4 Feb. 19 21 25 ■ Vs Jan. 27*$ May 4 8*4 May 10 6*$ May 13 X May 6 % May 12 10*4 May 3 6 May 9 15*$ May 3 1 May 17 25 May 15 6*4 May 10 3*$ May 15 May 23 28*4 May 10 3 May 14 6*$ May 17 May 7 103 May 14 114 110 1 Sale 115*$ May 27 116*4 May 23 May 25 37*$ May 13 25 42-*$~May—13 42*$ May 13 407 % May *4 May 14 ht May 18 May 2 *4 11 Sale May 7 May 29 4 37*$ May 29 38*$ May 38 6 4*4 May 14 5*4 May 10 4 May 13 4*$ 2*$ May 14 Sale 13*$ May 21 22*$ May 10 4*4 2*$ Jan. 3 5 39 3*4 1*$ Mar. 14 May 15 *4 33 May 9 Jan. 11 Jan. 15 Feb. 9 Mar. 28 May Sale Sale 19 19*$ *$ 1*$ 6*4 7*4 17 21 23 6 16 4 15 2 *$ Mar. 19 4 Apr. 5 6 1 2 25 54# Sale Y* X 13*$ 14 38 38*$ 6X 7H * Sale 8*4 IX 7% 7*4 X 100 --* * 1 6% 1*1 Sale 6 1 11*$ Sale 35% 100 * 37X Sale 55 3 2*$ 28X Oil 38 36 Sale 2 5*$ 12 May May May May 4*$ 4*4 *$ *$ 8 21 21 23 4 6 22 23 21 Jan. Jan. 29 May 45*$ May 10 6*$ May 7 May 4 May 10 Apr. 3 1 Apr. 6 *4 Jan. 11*4 Apr. 19 9 7*$ Jan. 16*1 2 Apr. 20 Apr. 2 4 25 Jan. 6 3 25 Jan. 3*4 May 17 4*$ Jan. 19 12*$ Feb. 21 6 Jan. 6 9 5*$ Apr. 15 15 Mar. 16 sx May 15 May May 103 May 114 Apr. 23 May -42*$ May *4 Mar. 16 3 29 29 14 Jan. 20 Feb. 9 Jan. 22 Mar. 13 Jan. 4 May May May May Apr. 15 14 *4 May May 3*4 May 1*$ May 16*$ May 28*$ Jan. 4*$ May 21 21 22 20 21 3 22 *4 May May X May 3 May 3*$ May 3 21 13 24 Apr. 5 % Apr. 19 21 lsi Mar. 11 37% 4*4 2*$ 12*$ 9 Feb. 23 32*4 14 8*1 14 136 1-7 125 25 43*$ 13 46*$ 36 3 21 13 22 15 28 1 22 29 14 15 17 28 24 17 Feb. 27 ]4*t 40 6*$ Jan. 6 16 Apr. Mar. 26 Jan. 25 4 22*$ May 10 1*$ Jan. 8 Apr. 4 Jan. 30 Mar. 26 Mar. 28 Apr. 3 Apr. 5 45 8% 2*$ 31*$ 48*$ 6*$ *$ 6*$ 1 *$ 6 *$ 7*$ May May May May May 1 3 9 1 1 15*$ May 10 25 11*4 30 33 10*$ 10 18 20*$ 18*4 1*$ 35 Sale i*$ 4 22 15 May 28 8 36 Apr. 17 1*$ May 22 29 May 14 *4 8*$ 1*$ 8*4 7*$ 17*$ Feb. Feb. Feb. Apr. Apr. Mar. 15 13 9 8 25 28 2*$ May 8 May 9 4 May 7 1*$ May 7 34*4 May 7 14 May 9 32 May 17 36 2 2 May 28 10*4 May 24 30 May 17 Apr. 17 3*4 Jan. 3 Jan. 5 4 May 7 1*$ May 7 38 Feb. 5 14*4 Apr. 6 34 Mar. 5 16*4 Mar. 14 10 May 22 19*$ Jan. 17 Apr. 15 5 17*$ Apr. 26 18*$ Apr. 16 18*$ 10*4 % May May 2*$ May *4 May 20 May 10*4 May 30 May 1*$ 9*$ 13*4 32 *4 May May X May 3 May 3*$ May 8 May 4 37 25 15*4 Vs Sale. Sale 30*$ 2*$ *4 28 1 Sale 4 10 Sale 2*$ 1*$ 31*4 14*4 33*4 33*4 2 3 -}X 29% 12*$ * Class A *$ Sale 5*4 6 Vs 1*4 6% Sale 7*$ Sale 15*4 Sale 14*$ 49 1 Vs — 20*$ Feb. 20 Feb. 1 9 1*4 Jan. 20*$ Apr. 15 May 1*$ May 10 May 36 1*$ Apr. X Apr. 20 36 49 Co— Coupon stock (bearer) * Registered * 800 British Amer Tobacco Ltd— 2,000 Amer dep rets ord bear__£l Amer dep rets ord reg £1 Celanese a Sale Sale May May May May 8 May 3*4 May 9*$ May 4*$ 4*4 *$ *$ % May 17 23 X Jan. 6 Feb. 19 May 21 18 May 20 5*4 May 1*4 May Hotels— Class B : 4,400 7% preferred 3,350 Brillo Mfg Co common 1,900 British-American 7 23 Sale 5 21 45 * 25 Bridgeport Gas Light Co 38,900 Bridgeport Machine com—. _ _ * Preferred 100 400 * 15,300 Brill Corp class A 17*4 18*4 18*$ Sale 18*$ 20*4 17*4 Mayj22 15*$ May 6 18 13*$ Ltd— 10s Am dep rets ord reg Col Pow class A IX IX * 22,300 jBrown Co 6% preferred.-100 9,300 Brown Fence & Wire com—1 Class A preferred — * 1,200 1 8,300 Brown Forman Distillery $6 preferred 30 27" Sale" 4*$ Sale Bruce (EL) 5 17 31 3*4 14 2*$ IX ._* Brown Rubber Co common._1 Co 5 Buckeye Pipe Line 50 Buff Niag & East Pow pref_25 $5 1st preferred * 7,900 40,100 Bunker Hill & Sullivan—2.50 2,300 Burma Corp Amer dep rets— 12*$c 4,700 Burry Biscuit Corp , 4*$ 23 Sale 115 * Bowman Biltmore 54,200 2,100 8,050 42,500 Sale 25 122 *4 37 *$ Blue Ridge Corp common. _.l $3 optional conv preferred.* Blumenthal (S) & Co com * Bohack (H CI Co common...* 7 % 1st preferred 100 Borne Scrymser Co 25 125 British Sale 3*$ 18 7*4 * Mach_* Common 6,800 7% 1st preferred 1,750 2d preferred 6,730 52,100 Brazilian Tr Lt & Pr ord 69,300 Breeze Corp 492,400 Brewster Aeronautical 1,700 , X 30 20 * 7,300! Bourjois Inc Sale 7*$ Sale * 210,400 Bliss (E W) & Co common—1 British 17 25 4*4 12*4 _____ 2,100 Birdsboro Steel Fdy & 700 Blauner's common 2,100 1,900 x 3*$ 23 5 Corp com 1 Bell Aircraft Corp common—1 Bellanca Aircraft common...l Bell Telep Co of Canada 100 Bell Telep of Pa 6 X % pref .100 Benson & Hedges common * Convertible preferred—... Berkey & Gay Furniture Co^-1 4,100 Bickford's Inc common $2.50 conv preferred 2,050 380 ir 4 17*4 20 _ 26,900 13,300 10,300 3,100 1,620 13,950 4*$ 4*$ 3*$ 35 47 1 -8 20 20 $1.50 conv preferred 24,100 8,100 Sale" 2 "7Vs "7*4 Beech Aircraft 700 310 . « Sale it 7*$ 6*$ X X 10*$ 5% 14*4 30 Baldwin Rubber 119,200 227,900 66,100 2,213 1,075 Sale 29*4 Sale Lowest Sale Prices 18*4 May 21 Sale 25 21*4 Highest Sale Prices Locomotive— 7% preferred 300 17*$ 3*$ 90,400 Babcock & Wilcox Co 172,800 5,900 4,300 22,700 3,950 6,900 232,900 19 46 2,700 Ayrshire Patoka Collieries __1 Baldwin 13*4 4*$ 12*$ 3*$ „ Atlas 12,700 Ask Ask Bid 19 18*4 6*4 5*4 1*4 Sale 3*$ 3*4 17*$ Sale *$ X 1*4 6 6*$ 6*$ Atlas Drop Forge Co com Lowest Sale Prices May 31 1 Bid Par 50 1 (Continued) 11*$ Sale Sale 28 22 13% 2% IX Sale" X 18 20 2*4 1*4 20 5 Sale 40 20*4 Sale 100*$ 101 12*4 12*$ 2*4 1*$ 1*$ % % 3*$ Sale Sale Sale 7 33*$ Sale 17 Sale 90*$ 9*$ 1 94*4 Sale 2*4 1 Sale 1*$ % 3*4 17*4 2*$ 17*4 4*$ 1*$ 35 1*$ 9 10 2*4 Sale 10 2*4 Sale X 3,700 Cable Elec Products com—50c Voting trust ctfs 50c 7,300 2% IX Sale 44*4 38 4X 4 10*$ Sale 3*4 15*4 X 15 May 21 1*$ May 15 10 May 31 1*4 May 35 May 1: May 6 May 31 May 16 May 90*4 May 9 May *$ May *4 May 36 May 9 3*4 May 2 May 13 13 2*$ May 38 May 2*4 May 8 May 40 May 20*4 May 101 May 12*4 May H May May 1*$ % % May 21 X May 23 3*$ 13*$ 1*$ 21 11*4 May 22 1 *4 May 23 17 May 28 17 *4 May 13 1 17 1 14 1 1 2 7 21 4 15 % May 21 % May 13 13 29 21 15 31 1*4 May 35 May 1*$ May 6 May 28 Jan. 16 May 90*4 May 9 May *$ May *4 May . % Jan. 11 Ys May 23 1*$ Mar. 1 May 5*4 Feb. 27 9 7 18*4 Feb. 5 22 Feb. 1 2*$ May 38 May 17 4 4*$ Jan. 11*4 Jan. 26 43 Feb. 13 22*$ Jan. 4 Jan. 9 14*$ Jan 2% Jan. 1*4 Jan. 12 5 1*$ Apr. 3 108 1 5 Mar. 12 Cables & Wireless— Am dep rects 5*$ % pref__£l 800 20 4,200 Calamba Sugar Estate Co 1 68,100 Callite Tungsten Corp 100 Camden Fire Ins Assn 100 Canada Cement Co Ltd. _ __ 5 _* Canadian Car & Fdy pref. .25 132,900 Canadian Colonial Airways—1 * 2,200 Can Indus Alcohol class A 97^ _ B non-voting., * Canadian Marconi Co 1 2,300 Capital City Products 26,500 Oarib Syndicate com * 25c 71",600 900 Carman & Co conv A stock- "20*$ 22*4 6*4 Sale 2*$ 3*$ 2*$ 3*$ _.l 1 __* 10 500 Castle (A M) & Co 1 36,138 Catalin Corp or America Celanase Corp of America— 7 % 1st partic preferred-. 100 14,925 15 7,000 Celluloid Corp common 1st preferred part 1,130 $7 dividend preferred * 2,150 10,200 Cent Hudson Gas & Elec com.* 70 Cent Maine Pow 7% pref. 100 100 8,435 Cent N Y Pow 5 % pref For footnotes see page 53. 1 10*$ 1*4 IX 24 13 Sale 9*$ 1*$ 13*4 Sale 7*4 7*$ 10*4 11 20 Sale 2*4 2* 107 3*$ 72 21 14*$ Sale 3* Sale Sale 14*$ 21*$ 7 39 27 Sale 39*$ Ys Vis 108*$ 110 104*$ Sale 11*4 Sale 7*4 8. 9:*$ 10 17*$ 19 3 3*$ 127 3*$ 86 30*$ 15*$ Sale 4*$ 6*4 Sale 1*4 1*$ 1*$ 1*$ X Ys 6 *4 Sale *4 1 18 41 30 24 6 35 99' Sale 86 90 6*$ 5*$ 6*4 15*$ 2 105 2*$ 89*4 71 32*4 15*$ 21*4 13 Sale 8 Sale *$ May 20 6*$ May 23 *4 May 21 98 2*4 Sale 13*$ 95 102*$ 8*$ Sale 92*4 Sale 6 7*$ 1 May 3 May 83 May 21*4 May 14 May May 9*$ May 1 May 18*4 May 28 19*$ 4*4 May 29 7*4 May 15 39*$ *$ May 4 54# 97*4 May 27 109 86 May 22 104*$ Sale 79 May 13 10*4 May 8 1*4 May 10 27 107 110 9*4 May 14 5*$ May 22 1*4 May 21 5*$ May 21 5*4 May 24 6 May 15 17*$ May 10 1*4 May 28 7*$ 7*$ 19 107 "97*$ "§7 54 1 2*$ May 1 17*$ May 21 5 6 1 5*$ 38*4 39 % Sale 100*$ Sale 92*4 Sale 15*$ 3 Sale 2*$ 2 1 24*4 1*$ 5*$ 9 5 2 12 17*4 Sale 1 _ 7,600 Cent Ohio Steel Prod 15 9*$ Sale 1 *$ Sale 22*$ Class B * 3,700 * 10,800 Carnation Co common. 80,600 Carnegie Metals Co common. 1 Carolina Pow & Light $7 pref.* 1,740 $6 preferred * 1,230 82,800 Carrier Corp common 3,100 Carter (J W) Co common 6,600 Casco Products 3% 4X 17*$ Sale 1*4 Sale 1 2 6 May 24 May May May May May 24 127 17 3*$ 14 87*$ 31 31 23 15*4 X May 20 6*$ May 23 *4 May 21 May 98 May 3 May May May 98 91*$ May 21 102*$ May 6% May 21 8*4 May 10 Apr. Mar. Apr. May Apr. 22 Jan. 69*$ Jan. 20*4 Jam 14 Jan. 106*4 Jan. 91*$ May 6*$ May 25 29 15 21 3 3 11*4 Apr. 2*$ Jan. 16 22 1*4 Apr. 9*$ Jan. 1*$ Jan. 8 3 2 18*4 May 28 25 7*4 4*4 May 29 May 15 40*$ *$ Apr. 19 *$ 97*4 May 27 109 86 May 22 104*$ 5*$ May 21 5*4 May 24 6 May 15 17*$ MaY 10 1*4 May 24 May 13 May 3*4 18*4 2*4 17*$ 5*$ 27 May May 6 May 10 May 3 11*4 May 7*-$ 9*$ 17*$ 3*$ 3*$ Apr. 18 11*4 May 22 1 *4 Feb. 2 17 May 28 5*$ Apr. 00 13 May 14 5*$ May 22 1*4 May 21 Feb. 9 May Apr. Jan. 11 1 May 8 7 May 1 15*$ Jan. 3 7% Apr. 29 12 Feb. 8 20 Jan. 2 3*4 Jan. 127 5*$ 87*$ 34*4 17*4 109 May 8 1 1 Feb. 9 May Feb. 15 8 Feb. Jan. 105*$ Apr. 10*$ Apr. 10 5 9 AGGREGATE In curb Since May „ Jan. 2 exchange Jan. 1 5,900 4,100 950 3,575 500 175 1,200 500 175 950 3,200 1,100 100 2,000 94,200 54,930 4,100 750 180 130 8,300 100 450 6,100 600 1,400 9,000 400 8,500 50 1,200 5,900 900 16,600 7,900 1,275 24,000 31,800 600 2,425 1,600 800 2,000 6,200 2,100 5,000 510 16,900 2,000 3,300 80 2,700 16,800 460 400 9,300 500 18,900 1,400 5,050 3,800 1,200 80 13,200 2,600 stocks 2.700 109 700 Cherry-Burrell 2,950 12,150 3,900 2,900 5,175 178,200 87,130 6,200 1,530 2,090 1,930 20,500 2,000 Corp % X 234 234 2% Childs co 634 72 934 2334 100 * * * b $6 preferred bb Clinchfield Coal com sit * * • 32,200 Cooper Bessemer Corp com—* 3,600 * $3 prior preferred 20,300 Copper Range Co 10,300 Cornucopia Gold Mines—__5c 1 * 4,300'Corroon& Reynolds $6 preferred a 61,300 Cosden Petroleum com 600 1 50 5% conv preferred Am dep rets for ord stk reg 300 400 Crowley Milner & Co com—_* 5 20,600 Crown Cent Petrol (Md) * 6,900 Crown Cork Internat cl a 225 100 50 13,500 800 220 200 5,800 150 3,500 400 8,400 700 1,400 400 10 2,000 25c 17,700 Crown Drug common 850 7% conv preferred 25 100 Crystal Oil Ref Corp com * 300 $6 preferred --10 15,700 Cuban Atlantic Sugar Co__-_5 1,300 Cuban Tobacco common 850 Cuneo Press 6X% pref 700 Curtis Mfg Co (Mo) 8,900 1,450 15,050 2,150 60,600 3,500 7,900 2,050 10 1,100 1,100 9,300 3,400 1,900 13,700 3,500 8,600 8,700 500 1,000 2,700 20 200 500 "8,966 400 50 2,700 m — — 210 . 2 434 734 5 * 1 Davenport Hosiery Dayton Rubber Mfg__; --35 1 Class a conv Decca Records common 534 OX Sale Sale 10 9334 60 OX X 14X 4X Sale 60 61 Sale Sale Sale Sale 55 57 Sale 80 Sale 5X 104 100 90 OX Sale OX OX 16 14X X* Sale 4% 6 Sale 5X 4X 12X 5X 5X 14 X %s 4 4X Sale Sale 2X 3X 7 1 5 8 6X 7X IX 434 OX 64 Sale Sale 09 X 234 •ii Sale IX 42 X IX Sale IX Sale 4% Sale SOX Sale Sale xt Sale IX Sale IX 40 X 17 X 15 43 "r2x "334 8134 3X 3X "fx "fx 5x 95 7h 9 9x Sale 97* 734 10 Sale X IX 72 IX 9x Sale 1 2 7334 Sale Sale Sale 5x Sale IX IX 2X 2X 54 Sale 354 4X 4x Sale 69 73 55 Sale IX % 18 1 15 15 14 May 15 454 May 15 7 U X May 95 May 28 21 59 May May 21 6 54 May 29 May 21 13 454 May 49 May 454 May 45 May 75 May 85 May 4x May 6 May 12 May 54 May 4 May May May May 2 May 4 May 654 May 4 1 x6 Sale IX IX 14 22 96 14 May 9 1 254 May 13 3 54 May 9 4 May 17 754 May 14 54 May 28 354 May 23 354 May 21 67 May 28 Xe 454 454 May 6 May May 54 May 354 Mar. 12 6 54 May 11834 IX 28 X 3 3X X 8x 9X Sale 84 87 X Sale 10 Sale 33 4X Sale x y ix ix 69 72 2 2X 12 X Sale 10X 54 554 7 654 24 54 Sale 854 7 354 54 4 1 154 55 54 65 154 Sale 7 54 8 54 x* May 1 154 May 6 May 28 »32 May 16 154 May 6 5054 May 9 May 21 54 May 29 154 May 21 May 154 May 354 May 84 May y6 May 4 May 7 May 22 654 May May 354 May 54 May 1 May 55 May 154 May 654 May 22 22 21 16 29 29 23 21 75 22 15 27 2 24 15 534 ig Sale Sale 25 Sale 1 4x X 2 3X 8 IX 2X IX 7x 20X X 4X 17 X 19 28 X 7x 4X 50 De Vilbiss Co common Sale 15 X 11 Sale 29X Sale Sale 28 X Sale 23 24 OX 4X Sale Sale 3 354 54 54 1854 22 50 Sale 17 Sale IX 10 12X 1 IX 8 4h 7,200 Dominion Steel & Coal b...25 11 17 X 17X IX IX 20 ^ 10 28X £1 Am dep rets ord reg 200 35,500 Divco-Twin Truck Co com Dobeckmun Co common 1.900 50 Dominion Bridge Co 10X 2634 * 5 IX 45 13 Sale 23 38 o 22 4X X 105 IX Sale 10 7% preferred 100 525 Diamond Shoe Corp com 1,900 Distilled Liquors Corp Distillers Co Ltd— i Sale 3 14 Co.-.-l com_.l 1 _.l _10 X 54 354 4 Detroit Gasket & Mfg Detroit Paper Products. — Detroit Steel Products new 21 19 96 1034 10X IX IX 1854 Sale Sale 3X preferred— 20 1 18 X 434 Sale 20X 6% preferred w w Detroit Gray Iron Fdry Detroit Mich Stove Co 1554 Sale 354 Sale % 54 554 2 254 254 454 454 11 8 6 654 Sale 154 154 2X 10754 111 110X 112 4 854 6 9 50 100 * * IX X ■ OX 9x IX X 40 IX 2234 IX Sale 3X Sale Sale 2 Sale Sale May 9 Sale IX IX Sale 2854 1054 2554 2X 29X IX 24 X UX 13 Sale OX 25 X 27 9 934 Sale 5 'llX ~12X IX 10 5X% preferred For footnotes see page 53. 100 * 1 54 3654 8 1554 154 90 1 54 40 954 17 X 154 1 1 h 1354 1 "lo" 14 May 25 134 Jan. 2 May 27 111 19 354 May 8 May 13 154 May 13 554 May 13 96 May 1 % May 2 8X May 6 954 May 8 1154 May 3 May 16 25 May 3 54 May 9 154 May 14 6554 May 14 2 May 3 5 54 1 77" May 21 May 22 154 May 22 3 54 May 15 84 May 27 34 Jan. 4 4 May 24 7 May 15 1 54 75 654 May 22 May 22 21 54 May 16 1 May 29 55 May 29 134 Jan. 27 654 May 21 23 3 54 May Feb. May 21 54 May 154 May 4 May May 27 754 May 5 May 154 May 2254 May % May 1834 May 54 May 6 May 554 May 154 May 108 May 654 May 3 34 May 2 3 1054 May 10 May 7 11034 May 13 654 May 4 28 22 22 29 454 May 1854 May 15 54 May 29 May 654 May 454 May 54 May 24 May 93 May 22 154 May 7 3754 May 29 754 May 15 15 54 May 15 154 May 18 X May 14 1254 May 28 2654 May 14 1054 May 13 1754 May 10 154 May 1 154 May 13 154 May 6 2054 May 2 2654 May 14 254 May May 854 May 21 May 454 May 354 May 54s May 1754 May 93 May 154 May 3754 May 28 10 22 17 28 28 22 15 54 May % May Jan. 34 May 6 May 5 54 May 154 May 108 May 654 Jan. 18 2454 May 7 154 May 13 15 454 954 May 6 May 2554 May 954 May 2 5 554 May 21 4 May 15 2554 May 2 434 May 21 "5954 04 X May 24 71 6 654 554 5X 23 6754 6 45 70 72 5654 May 6 Feb. 19 Feb. 28 Apr. 16 May 9 Feb. 6 854 Jan. 24 26 18 17 54 Jan. 154 Mar. 50 54 May 26 9 10 25 10 16 Feb. 18 3 54 9754 154 654 Jan. 24 Feb. 15 4 Jan. 9 Apr. 98 Jan. 8 54 Jan. 4 8 54 May 19 1154 May 3 15 23 19 30 554 X 154 7754 254 1354 16 8 9 3 Jan. 3 May 4 Jan. 2 Apr. 4 Apr. 1 4 May 854 Feb. 15 154 Feb. 15 2254 May 23 34 May 18 854 Feb. 5 254 Jan. 3 Feb. Feb. 28 11 112 19 Feb. 15 17 28 22 22 8454 Feb. 6 154 May 22 3754 May 29 May 15 May 15 May 15 23 54 Mar. 13 9 Feb. 14 8 2 Jan. 3 2 1154 Apr. 17 54 May 10 2 154 Jan. 234 Mar. 28 154 Apr. 10 28 4 3 3754 May 29 22 554 May 21 4 May 15 2554 May 2 4 54 May 21 5 54 Mar. 6 67 Mar. 29 6454 May 24 Jan. Apr. 9 154 Feb. 23 2754 Feb. 23 98 Apr. 6 5 16 xlO 2054 May 20 154 Apr. 18 26 454 Jan. 26 54 Jan. 8 23 1954 Jan. 5 32 Feb. 16 1254 May 28 Mar. 15 21 22 Apr. Apr. Feb. Feb. Feb. Feb. Apr. Apr. 754 2454 6 34 54 154 234 May 28 5 Feb. 6 1054 Jan. 10 34 Apr. 854 May 21 May 4 34 May 3 54 May xt May 754 1534 54 134 15 Feb. 2 154 Apr. 29 3 54 Feb. 6 8354 Apr. 4 120 Feb. 2 2 54 May 6 3954 Jan. 5 45 24 17 34 Jan. 14 3 7 9 3854 Apr. 25 54 Apr. 5 7 13 1154 934 4854 754 254 3 54 9 Feb. 3 *10 2054 May 20 154 May 14 14 34 Jan. 4 154 May 15 1 54 Jan. 25 554 May 27 54 May .18 6 May 17 2 6 14 54 May 24 2454 May May 15 May 15 i054 "154 "254 55 76 Mar. 18 54 May 21 154 May 15 100 Dominion Tar & Chemical j. 560 Draper Corp 1154 May 28 67 54 May 28 97 May 24 May 14 18 19 454 80 1454 354 % 154 254 554 4 May 21 54 May 29 7 Sale 22 23 54s jan. 7 7 1254 May Feb. 28 Mar. 8 154 Jan. 3 May 28 3654 May % May 15 y Apr. 22 1654 Jan. 11 22 31 7 OX 22 X 14 20 55 1 23 26 21 7054 Feb. 21 254 Jan. 4 1 May 2 254 Sale 5x 96 14 May 29 154 May 23 69 54 May Sale 254 95 154 354 2 May 20 654 May 15 62 May 20 68 14 354 May 21 May 28 3 54 May Sale 254 8054 154 354 97 100 IX IX 654 May 30 254 Jan. 454 Jan. 754 May 88 May May 29 154 May 23 88 154 May 54 May 21 254 May 1x May 15 6754 May 28 8254 May 111 May 25 11854 May 110 113 Sale 154 May 22 254 May Sale 154 154 May 19 May 27 28 18 1854 29X 1 7 Apr. 6 2954 Mar. 26 4 21 54 May 28 154 May 6 454 May 10 754 May 10 44 154 4 4 Mar. 10 21 67 1154 May 28 6954 10 Apr. Apr. ^ 16 1254 six Sale Jan. 28 117 83 21 May 22 4 May 15 1 May 22 2 May 23 4 May 17 654 May 21 43 May 25 Sale 2X 13 Mar. 19 May 22 110 May 21 11554 Mar. 19 85 45 IX 2X May 4 734 Mar. 28 15 5 30 6 15 22 15 22 23 17 21 4 54 May 45 May 75 14 14 4 54 15 May 14 49 May 1 May 6 May 1 May 14 May 3 May 1 May 13 20 22 Jan. 4 654 May 68 21 10154 21 654 28X 30X X Sale Sale May 4 54 May 1154 Mar. 95 May 59 May 6 May 54 Jan. 13 May 2 May 20 654 May 15 62 May 20 14 14 31 34X May 15 3 454 May 654 May 13 May 117 May 7954 May 954 May 54 May 29 28 May 9 6 Jan. Jan. Jan. Jan. 2 54 Jan. 2 54 Jan. 54 54 854 254 % May 18 x Jan. 2 3 May 15 % May 15 54 May 14 May May May May 2 May 154 May 55 IX 9554 May 28 11554 May 6 54 5i6 654 154 %, May 15 3 37X 27 5 36 May y8 May 3 May %j May 54 May 15X Xs Sale Sale Prices 38 X X 37 X 34'i Highest Sale Prices 30 OX 2X 3X 42 5 conv 5 117 78 79X 8X 9X Xe Xe 27 x Sale 80 100 —5 Daroy Petrol Corp.. a 4 5X 1234 97 02X 7X ■ X 15 X 54 116 Sale 234 Dejay Stores Inc common Dennison Mfg Co class a $6 prior preferred 8% debenture stock 140 9,400 Derby Oil & Ref com 10 IX 434 6x _. 5 95,400 .Creole Petroleum com 27,600 Crocker Wheeler Elec Mfg—* 1 26,200 Croft (The) Brewing Co 7,200 4X OX 12X Lowest Sale Prices £1 40,400 10,200 8,800 2,400 254 4X 2X 83 9,600 Cons Retail Stores Inc com—1 170 8% preferred -.100 10 5,500 Consol Royalty Oil 37,900 Consol Steel Corp common...* 2,010 Cont'l g & e 7% pr pref.__100 1 3,700 Continental Oil of Mexico 21,400 Cone Roll & Steel Fdy com...* 3,700 Cook Paint & Varnish co— * 8,200, 10 Sale 117 x 100 117 IX Sale 1 3634 3734 -5 Consol Min & Smelt Ltd Y* ix IX IX 3 IX xs 3% 7X Sale 3% 50 $3 preferred * 7,800 Conn Telep & Elec Corp 1 Consolidated Biscuit Co 1 Con Gas e l & p Bait com—* 434 % series b pref 2 X 5X Sale Sale 2H 5% Columbia Gas & Elec Corp— 5,100 5% preferred 100 1 82,300 Columbia Oil & Gas com Commonwealth & Sou Corp— Warrants 101,300 5,200 Commonwealths Distribut— 12,325 Community p & l $6 1st pf- _ Community Public Service— Common 25 12,450 3,800 Community Water Serv 1 Compo Shoe Machinery— v tcext to 1946--1 6,100 Conn Gas & Coke Security— Consol Gas Util com X Sale 7X Sale 4 2 43 X 14,600 Colon Development Co Ltd. Is 3,900 6% convertible preferred £1 28,900 Colorado Fuel & Iron warr — _ 17,130 Colt's Patent Fire Arms Mfg 25 5,200 23,700 1,330 45,600 8,150 IX Highest Sale Prices 9554 May 28 11554 May 5X 3 Club Aluminum Utensil com 200 Cockshutt Plow Co Ltd 3,300 Cohn & Rosenberger com X X Ask Sale 99 53 X 96 60 89 9334 Sale 5X Sale * * 100 Cleveland Tractor com Sale8 A 54 84 Cities Serv Pr & Lt $6 Cleveland Elec Ilium com Sale 10 4% Sale 57 X 58 10 $6 preferred ~ Sale" 110 pref...* $7 preferred * City Auto Stamping Co -* City & Suburban Homes 10 650 Clark Controller Co 1 28,500 Claude Neon Lights com,. — 1 1,800 Clayton & Lambert Mfg Co..* 7,600 53,500 3,300 14,800 434 7 34 com.—5 preferred 60c preferred 3 34 3 34 3 4 Chesebrough Mfg --25 Chicago Flexible Shaft co—5 Chicago Rivet & Machine 4 Chief Consol Mining Co -1 Cities Service common Ask Bid 112X 113 X Sale Lowest May 31 1 Bid 6 -5 10 Strip Co 1,850 Charis Corp common Ask 110 Bid Par 0Continued) 2,780 Cent Pow & Light 7% pref.100 Central & Southwest UtilitiesCommon 50c 34,900 31,400 Central States Elec common..1 1,950 7% preferred 100 5,950 6% preferred 100 Conv preferred 1,350 100 650 Conv pref opt ser 1929--100 Chamberlin Metal Weather Courtaulds Ltd 4,900 May 1940 Shares 1 Price new york 755 RANGE SINCE JAN. PRICES IN MAY SALES Shares 43 lOKK CURB EXCHANGE NEW June, 1940] 28 Jan. 2 Apr. 22 Apr. 16 Jan. 15 154 Apr. 25 1334 9 54 754 25 34 1234 554 67 78 9 Jan. Apr. 25 5 Apr. 2 May 3 Jan. Mar. 6 Mar. 29 Jan. 11 44 YORK NEW EXCHANGE CURB AGGREGATE SALES YORK Since May Shares Jan. 2 Jan. 1 Shares 1,925 900 8,300 3,700 - 30,400 7,200 4,670 5,125 50 1,800 1,550 2,375 4,400 100 289,500 18,500 8,200 2,700 2,700 1,100 2,100 175 4,200 ~ 2,475 1,650 720 230 275 800 23,100 2,750 8,700 50 25,400 260.700 2,300 2,550 10,800 3,100 1940 STOCKS (Continued) 2,304 Driver Harris Co 40 7% preferred- 400 Y, 500 22,600 2,875 5,200 17,800 13,400 9,875 13,150 16,300 1,609 742,500 66,600 21,000 6,000 6,200 2,200 7,742 1,775 4,200 10 29 100 1 cl B 100 * 1 * com Duro-Test Corp common Duval Texas Sulphur -10 * 100 100 _ * * $6 preferred $5 preferred., 75 % 2% 6% 1% Sale 1 2% 7 12 Sale 3% 19% Sale Sale 44 Sale "vy ri* 18 Sale 17 X Sale 17 X 7% 67 X 18 X Sale Sale 59 Sale "3" Sale" 1 Electrol Inc 1 t c common Elgin National Watch Co —15 com—4 2,650 11,400 23,800 1,300 8 1 Fairchild Engine & Airplane. -1 Falstaff Brewing -.1 Fanny Farmer Candy com—1 Fansteel Metallurgical Corp..* Fedders Mfg Co common 5 Fed Compress & W'house—25 Fiat Amer dep rets. Fidelio Brewery 1 lire Assoc of Phila.. 10 Florida Power & Lt $7 pref..* Ford Motor of Canada cl A..* Class B voting * Fairchild Aviation com. _. _ .. . 31 May 1% May 22 64 May 21 % May 6 % May 21 5% May 21 2 May 8X 2 Sale 6% May 24 1% May 15 12% May 22 26 May 21 8% May 14 % May 25 13 May 21 14 May 21 2% May 16 13% May 21 3% May 22 51 May 22 42 May 21 7% May 21 % May 18 10% May 21 X May 16 2h Sale 41 Sale 6 8% % 14 17 14 16 16% 6% Sale 69% Sale 61 % Sale 16 18% 1% 1% 10 13 X 21% 25 4 29% 1 76" "85"" 79 63% 70 65% 85 X Sale 64 70 X 64 70 67 Sale 60 61 26% 10 X % 4% 23% 12 6% 23 X 12% 6X % 96X % 08% Sale 17 Sale 67 X 17% 17X 2% Sale IX May 28 3% May 21 Sale 66 Sale 65 63 65% 60% 63 26 24 25 % 24% 4% 28 103* Sale Sale Sale 11% Sale Sale 9% 26% 10 14 27 X Sale 6 6% 7% % 9% % Sale 20 Sale 3 " 9% 5% 6% 19 9% 6% 27 Sale Sale 7 19% 9% Sale y 58 May 28 62% May 23 57% May 25 57 May 25 24% May 22 9% May 13 % May 21 19% May 28 2% May 28 25% May 17 7% 4% 6% 17% 8% 5% 33 34 25 36 11 ' 20 29 33 "9" ~Io% 21 63 25 6 "7X "~7% % 63% 60% 10 Highest Sale Prices 20% May 27 2% 2% 14 12% 4% Sale 59% Sale 50 51% 11% 9% 1 1% 28' Lowest Sale Prices 1% 72 3 Sale 6 23% 16 Sale 52% 9% Sale Sale Sale Sale Highest Sale Prices 2 79% May % May 1% May 8 May 11% May 10 2% May 7 23% M ay 1 54 May 6 8% May 14 1% May 1 27% May 1 27 May 3 4% May 1 May 22 May 28 May 22 May 22 May 21 May 17 May 11 14 May 15 6% May 1 70% May 61 % May 18% May 2% May 13% May % May 25 May 5% May 68 9 1 10 10 13 7 15 13 May 17 69% May 66 May 67 May 25 May 10 May %« May 25 May 4% May 25% May 15 9 15 10 3 2 8 1 17 12% May 10 6% May *6 10 May 3 26% May 2 15% May 10 8% May' 7 33 May 11 12% Sale Sale 68 109% 13% %6 Sale 51% 55 Sale 93 13% Sale 8% Sale 9 Sale 14% 20% May 27 32% 107% Mar. 23 110 1 % Jan. 31 2% 64 Mar. 21 79% 1 % % Mar. 26 % May 21 2% 8 5% May 21 1 % Sale %6 51% 84% 8% 9 10 % May 68% May 29 21 111% May 13% May 28 21 14% May May 23 May May May May 6% May 1 % May 12% May 26 May 8% May % Mar. 13 May 14 May 2 % May 13 % May 3% May 51 May 42 May 7% May % May 10% May % May 21 May 3 % May 24 15 22 21 14 5 21 21 16 21 22 22 21 21 18 21 16 28 21 77 Sale 3X Sale Sale 1,430 n 24 11 270 10% 2% 23% 51% 8% IX 27% 26% 4% 15X IX 68 X % 1% 5% 15 22X 30,600 Sale 1% 7% 13 1 50 11,600 78 Ask 118 106 Emerson Elec Mfg Co 28,200 Esquire Inc 1,250 Eureka Pipe Line.. 70 120 Sale 13 X Sale X IX 23 X 7.900 61,800 6,900 2 12 28 X Sale Sale Sale Sale 24 58,800 518,000 9,100 30 Lowest Sale Prices May 31 1 % Ask Bid 31 17% 3% Sale 4 A..* Option warrants Electrographic Corp com v 31 Bid 110 IH .25 $7 preferred series A * $6 preferred series B * Easy Washing Mach class B. * Economy Groc Stores com—* Electric Bond & Share —5 Electric Power & Lt 2d pf May Ask 100 Empire Dist Elec 6 %pref.. 100 4,300 Empire Gas & Fuel 7% pf_100 8% preferred 100 2,600 1,820 6% preferred 100 6 % % preferred 400 100 1,275 Empire Pow Corp part stk — * 4.200 Emeco Derrick & Equip Co—5 79,700 Equity Corp common 10c $3 conv preferred 1 9,275 200 625 Bid common 60,400 Eagle Picher Lead Co 21,400 Eastern Gas & Fuel Assoc 6% preferred 30,570 4%% prior preferred 21,375 650 Eastern Malleable Iron Co. 15,800 Eastern States Corp com 10 8,700 Par Dubilier Condenser Corp Duke Power Co Durham Hosiery 1 Price CURB EXCHANGE In " RANGE SINCE JAN. PRICES IN MAY NEW Feb. 24 58 May 28 23 25 62% May 57% May 57 May 24 % May 8% Mar. % May Apr. 24 Apr. 1 Apr. 23 3 May 9 Jan. 8 Jan. 6 May 12% Jan. 4 Mar. 24% 55% 10% 1% 3 9 64% Mar. 9 Mar. 12 Apr. 9 Apr. 18 Apr. 29 Apr. 30 Apr. 23 Jan. 25 " 5 Jan. 4 Apr. 6 Apr. 20 Jan. 4 3% Jan. 3 30 28 28 4% 17% 8% 73 14 Jan. 5 1% Jan. 2 29% Apr. 5% May 13 79 Feb. 24 71% Mar. 21 72 Mar. 20 Mar. 20 70 25 70 Mar. 20 22 26 Jan. 13 20 11 Jan. 8 21 19% May 28 2% May 28 23% Jan. 8 % Feb. 27 25% Mar. 4 5% Apr. 6 31 Apr. 4 7% May 4% May 6 % May 17% May 8 % May 5 % May 33 May 9% Jan. May 51 % May 84% May 8 % May 9 May 12% May 10 6% May 6 6. 10% Apr. 28 Apr. 9 15% Mar. 28 8% May 7 36% Mar. 9 Feb. 12 29 Apr. 15 Feb. 70 29 Mar. 26 113 17% Jan. 17 Apr. 2 3% Feb. 1% Jan. 17% May 2 9 3 Ford Motor Co Ltd— 12,000 650 2,700 2,100 9,900 ""175 125 Amer dep rets Ord reg £1 400 Ford of France Am dep rets — 32,300 5 1,600 Fox (Peter) Brewing Co Froedtert Grain & Malting— Common 1 6,700 Partic conv preferred 15 8,700 1 53,700 Fruehauf Trailer Co 425 Fuller (Geo A) Co com 1 $3 conv stock * 725 525 4% conv preferred 100 * * 190 Gamewell Co $6 conv pref Gatineau Power Co com 30 ""150 2.000 1,100 3,700 "1,606 775 200 40 300 500 2,500 290 General Elec Co of Great Brit American dep receipts £1 2,600 * 16,300 General Fireproofing com * 140 General G & E $6 pref B 1 8,900 Gen Investment Co com $6 preferred 1,425 Wftrr&flts 6,000 900 Gen Outdoor Adv 6% pref. 100 * 2,100 General Pub Serv $6 pref * 1,500 General Rayon A stock 1 9,600 General Shareholdings > conv preferred * 1,720 — . 800 Gen Water Gas & Elec com—1 . 370 50 Gladding McBean 1,600 120 200 725 2,200 1,400 2,500 15% 15 8% 16% 21% 14% May 21 17% May 9 12% Jan. 9% 18 Sale 8% May 24 16% May 28 19% May 23 10% May 20 May 27% May 3 1 7 * " 19% 12 15 12 May 22 16 38 28 33 30 May 21 34% May 17 81% 89% 86° May 86 85% Feb. 10% 11% Sale 20 26% 12% 27 13% 86 10 15% "ix "ix 87% 9% 12% 65% 71% 1% Sale 10 13 13% 14% 14 15% 10 39 48 35 45 20 45 63 60 %« % 65 164 Sale IX 1% 76 Sale 1 74 88 1% Sale May 3 May 22 1% May 13% May 14% May 2 12 87 Jan. 25 78 Jan. 27 1% Jan. 3 6 May 20 May 18 Feb. 19 3 '32 J«4 63% 68 27 33 % % % % 9 25 % 60 60 52 15 Apr. 4 % May 22 17 May 20 May 18 40 50 1 3 1 % Sale 42% % 85 38% % IX 74 X 16 11 % 4 14% 14% %« Sale May 69 14% 13% 8X 97% %8 May 21 50 May 21 J84 May 1 65 May 23 25% May 22 % May 15 % May 21 57 May 29 %s May 3 63 May 9 »«4 May 1 84 May 14 42% May 1 % May 14 1 May May 74 10 1 9 ~98% 105% 107 10% 10% 40 40% 98% Sale 88% — 7 7% 44 47% 5 5% 5% 6% 102% 100 96 Sale 8 90 8 35 32 Sale 30% 88 May May May May 28 105% May 13 8 31 May 31 21 40% May 8 28 98% May 1 — 5% 6X 45 40 4% 7% 24 9 5 27 98 27 9 105 105 % ..... X ..... * 23 1% 15% 25% 5% 9 17 26% 7 Sale 132 Sale com—* 8% 44% 9 25c 2X 2% 4% 39 n** 21 Sale Jan. 17 6 99 95 XA % % 1% 11 13 5% May 20 May 5 May 93 May %t May 22 9% 28 21 8 17 23 105 May 6 May 10 May 15 May 1 16 %« May 16 1% May 13 12 May 24 1% May 13 M ay 8 10 16 19 20 28 19% May 28 28% 7% 7% 4% 5% 4% May 27 6% 9 8% 4% May 23 5% 6 8% 121% 123% 123% May 23 130 128% 129 88 88 Sale 113% Sale May 24 113% 35 40% 37 49% Sale May 29 49% 6% May 22 7% 8% 9% Sale 27 May May May 13 4 May 14 May May May 1 2% May 1 1 1 2 15 Mar. 8 Feb. 50 •64 65 May 23 25 % May 22 % May 15 % May 21 57 . 100 8 32 88 87% 4% 40% 4 % 6% 24% 5% % 27% 1% 7% May 10 May 15 4% May 14 49 6 Sale 6 11 4% May 25 May 21 4% May 14 46 4% 3 Sale 4% 45 3 Sale Sale Sale 44 Greenfield Tap & Die 9 35 .1 — 9 Sale * * 8 41 * 50 27 17 Great Northern Parner Co—25 6,300 2% Sale 1 % May 1 Mar. Sale 131 110 1,500 1 26 $3 preferred * 1,550 7,100 Gorham Mfg Co common —10 Grand Rapids Varnish Corp.. 1 Gray Manufacturing Co 10 Gt Atl & Pac Tea 1st pref. .100 Non-voting common stock.* 3,825 2,300 5,100 May 19 27% * &Co 500 Gorham Inc class A com.. 4,000 11,300 1,675 8,935 10,250 15,500 600 — 184,500 Glen Alden Coal Co... 3,150 Godchaux Sugars class A Class B 5,400 $7 preferred 420 6,400 Goldrield Consol Mines 25 Goodman Mfg Co """200 .. * 400 Gilchrist Co 71,700 1,300 -* * * * Preferred 140 3 8% May 24 xll% Apr. 12 16% May 28 20% Apr. 11 19 % May 23 32% Jan. 26 10 12 Jan. 13% Apr. 23 12 May 22 27% Feb. 14 2 41 Jan. 30 May 21 100 $3 preferred 1,225 3,575 Georgia Power $6 pref.. 70 $5 preferred 4,800 Gilbert (A C) Co com 100 1 % May 27 Rubber— 6% preferred A 740 100 "MOO Tire & Sale 10% 17% Sale 19% 10X 17% . 380 225 % 16 — General 325 100 * 5% preferred 5,600 General Alloys Co 1 3 May 29 May May May May Jan. May Jan. Jan. Apr. 15% Mar. 7 Apr. 8 Apr. 29 Apr. 6 Apr. 17 if* 65*' lJt Mar. 11 Apr. 1 Apr. 12 6 1% Jan. 3 81 Apr. 8 Feb. 24 Apr. 21 Mar. 4 20 26 3 8 41 101% Feb. 91 Jan. 17 Feb. 18 1% Apr. 8 May 24 19% May 28 12 9 5 13 Mar. 12 4 7% Apr. May 15 5% Apr. 22 6% Apr. 8 49 9% 5% May 22 20 May 21 32% 5 May 17 11% 93 May 23 105 25^ Mar. 28 105% 31 10% 28 8 90 48 25*' May Apr. 6 19 18 Apr. 26 Apr. Jan. 8 Feb. 28 Apr. 8 Apr. 27 9 28% Apr. 8 Apr. 24 11% Jan. 19 4 % May 27 4% May 23 Jan. 123% May 23 135 88 May 24 114% Apr. 37 May 29 49% Apr. 10% Apr. 6% May 22 30 26 30 15 Grocery Stores Prod— 400 29,700 490 130 Common Grumman Aircraft Engineering Corp common 1 211,700 1,800 Guardian Investors common. 1 25 88,200 Gulf Oil Corp * 2,420 Gulf States Util $6 pref $5.50 preferred 600 * Gypsum Lime & Alabastine..* 2,700 5 35,900 Hall (C M) Lamp Co Hamilton Bridge Co com * 10,400 Hammermill Paper Co com.. 10 25 375 Hartford Electric Light 1 14,000 Hartford Rayon com v t c 4", 000 600 Hartman Tobacco com. 10,000 Harvard Brewing Co 3,600 4",000 100 1,000 6,700 Hat Corp of Am cl B com Haverty Furniture Cos— Conv preferred For footnotes see page 53. * 1 ] * 16 38% 112% 109 2% Sale 1% Sale* Sale 112 5 5% 5% 70 1 1% Sale 1 % May 14% Jan. % May % % 27 Sale 38% Sale 25% May 112 107% May 112% 114% 106 108 110 101% 104 103% May 1 3 4% 3% 11% Sale 8% 37% IX X IX 6X 1% May 23 Sale 2% 67 1% 38% 22 67 1 69 54 1% 7% 20 1% Sale^ 8% 30 Sale 25 % 1% 4% 17% 59% 1% %6 1% 6% 30 7 % May 10 28 39% May 24 114% May 29 110 May 10 3 10 3 23 23 % 39% 107 % May 24 114% 103% May 29 111% 2 5% Feb. 8 40% May 3 66 May 15 1% May 3 1% May 21 4% May 22 1% May 9 7% May 10 20% May 62 May % May % Jan. 1% Jan. 4 % May 21 18 13 9 3 22 11% May 25 %p Mar. 12 25% May 28 20% May 21 62 May 18 % May 13 May 22 2% Jan. 14 12 16 Jan. 12 4 Jan. 4 Mar. Apr. Feb. 1 Apr. 9 40 % May 3 70% Apr. 3 1% Jan. 10 % Feb. 28 2 Mar. 28 8% Apr. 5 YORK NEW June, 1940] CURB 45 EXCHANGE AGGREGATE SALES RANGE SINCE JAN. PRICES IN MA Y new york Jan. 2 1940 Shares 1 Price curb exchange Since Jan. 1 stocks (Continued) Par May Ask 28% 2% 16% 6% Bid 29% Bid 27 1 4,300 HazeltineCorp * 7,000,Hearn Dept Stores common._5 6,300 6% conv preferred 50 99,500] Hecla Mining Co -25c 8,500 Helena Rubenstein Inc_ * 5,000 Class a * 2,100 Heller (w e) & Co common. .2 870 7% preferred w w 25 1,050 7 % pref ex-warrants — - -25 3,100 Hewitt Rubber Corp com — .5 11,725 Heyden Chemical co -10 4,600 Hires (Chas e) Co cap stock--! 6,300 Hoe (r) & Co class a 10 ~"8% 15,100( Hollinger Consol g m 5 3,800;Holophane Co Inc common._ 11% 12% 13% 12 10% 88% Sale 20 19% 8% 9% 9% Sale 13 13% 13% 16 29 31% 34 36% Sale 2% 2% 20 18% 6% Sale 12 11% ll3/ 10% 18% 6% 5% 8% 8% 4% 8% 8% 8 9 26 27% 27% 26 "12% Sale" 68 69% 12% 1% 13 Ask Sale Highest Lowest Sale Prices Sale Prices 1% May 22 May 22 2 15% 11 4% Sale 7 8 63 65 13 16% 6% 6% 9% 4 10 7% Sale 9 7% 27 21% 27 21% 8% 9% 6 Hughest Lowest Sale Prices 16 May 21 May 31 Ask Bid Sale 18 7 May 23 May 14 May 28 27% 3% 20% 6% 11% May May May May May 11 May 16 May 21 1% May 22 May 22 4 May 23 11 _ 7% May 21 23% May 21 25% May 8 8 May 20 60 May 22 13% May 21 6% May 16 5% May 29 9% May 23 8% May 14 27 May 7 27 May 7 12 May 3 92 May 9 20 May 2 9 May 11 9% May 1 13 May 10 32% May 14 3 May 14 32 4% Jan. 7 May 7% May 23% May 25% May 8 May 60 May 13% May 6% May 5% May 9% May 23 28 21 21 8 20 22 21 16 29 23 Sale Prices 29 Jan. 17 3% May 3 21% Feb. 21 7% Jan. 11 14 Apr. 3 12% Apr. 16 11 Mar. 5 27% Jan. 27 20 Mar. 4 13 Apr. 8 May 9 22% Apr. 11 10 Apr. 16 92 10% 12 Jan. 14 Jan. 20 22 14% Feb. Sale 14% Feb. 9 29% Jan. 36% Apr. 22 5 3% Apr Holt (h) & Co class a part— 25] Horder's Inc 650,Hormel (Geo a) & Co com— 2,700 Horn (a c) Co common— 3% 3 1% 117 10,Horn & Hardart Baking Co— 6,600 Horn & Hardart common * 5% preferred —100 2,300 Hubbell (Harvey) Inc. 5 69,400 .Humble Oil & Refining74,400 Hummel-Ross flore Corp—-5 1Hussman-Ligonier Co * 2,200 $Hujler's of Del common 1 4,600 7% preferred stamped—100 650 7% pref unstamped 100 400 Hydro-Elec Secur common—* 15,300 Hygrade Food Prod —-5 10,350 HygradeSylvania Corp * 2% 28% * 3% 50 23% 5% Div arrear ctfs 84,000 4,950 Illinois Zinc Co 125 Illuminating Shares Co a 18 5% Sale 12' 11 7* 7% 7 8% 2 8% 8 3 5 Sale 1,500 2,000 3,400 2,750 18.850 6,100 15,500 60 — 10 Insur Co ot North Amer Internat Cigar Machinery * Int Hydro-Elec $3.50 pref—50 *'a" stock pur warrants Sale Sale 8 111"32 1 \H 1 1% % 1 14% 15 72% Sale 21 % 23 11% Sale 9% 71% 71 21% 14 . Sale Sale 2 m Sale 1,000 1,800 3,000 8,500 Internat Safety Razor cl b._ 7,500 Internat Util class a. Class b 18,400 si.75 preferred 2,150 s3.50 prior preferred 2,000 * * 17% 4% K 8h Sale 14% 14% 5% 18% 5% A 21,100 Internat Products common...* 5 Sale 18 % 7% M. Sale Sale Sale 14 34 27% 14 50% 5% 3% 13 14$ 32% 30 33 May 14 May 10 3 26 16 Sale Sale % 4» 110% 13% 47% 5% May May May May May 110 2 31 Sale 3 Sale 26 24% 5% Sale 4% 6 53 6% 6% lH 6 12 12% % % % 9% 57% % May 17 May 10 % May 17 4% May 27 8 1% May 15 28% May 23 45 2% 21 % 4% 4% 5% 33% 9% 6% May May May May 21 21 21 29 Sale 7% 8 ; 12% 7 14% 14% 1 9 May 6 May 6 May 6 May 11 5% May 5% May 7% May 112% May 7 19% Apr. 68 Jan. 4 9% May 7 6 % May 10 May 7% May 11 May 24 >4 May 21 % May 31 if Sale 10% Sale 1% 5% 2% Sale 9% Sale 9% 10% 3% Sale 9% May 21 50% May 22 18% May 29 5% May 28 1% May 5 May 2% May 9% May 10 21 21 21 31 May 28 May 21 3 1 May % % 14% 73% 22% 11% 1 2 20 16 15 23 2 % Mar. 23 21 % May 21 4% Mar. 4% May 29 60% Jan. 4 5% 5% 7% 19% 5% 9 22 Apr. 21% Apr. 1 28 21 28 31 May 28 May 21 1% Feb. 5 May 1% Mar. 9% May 3 May 4 May 3 % May 2 12 May 17 30% May 3 % Jan. May % Apr. 9 May 23 % May 31 22 24 21 25 10 26 2% May 7 May 9 May 3% May a may 12 May 12 May % May 22 24 23 23 31 21 22 15 4% May 4 9% May 1 11% May 11 5 May 9 2% May 7 May 9 May 3% Mar. % Mar. 12 May 12 May % Apr. 22 24 23 13 11 21 22 10 1% May 22 3% May 7 1% May 13 6 3 29 6 8 113 % May 21 "a Jan. 3 Jan. 8 10 18 3 3 Feb. 15 22 15 21 25 8 May 6 Apr. 24 May 6 Mar. 6 63% Mar. 11 Mar. 18 % May May % May 9 May 23% May 6 9 5% 33% 9% 7% 13% Jan. 50% May 22 18% May 29 5% May 28 2% May 3 6 May 14 5% May 3 16% May 9 14% May 1 5% May 3 29 Jan. % May 24 May 21 May 3 May May May May Jan. 3 Jan. 10% Mar. 102% May 1 9 47% Apr. Jan. Mar. 27 2 % Jan. 22 8 10% Feb. 10% Feb. 10 7 2% Feb. Feb. 10 21 May 21% May 111% May May % Jan. 4% May 8% Jan. 2 Apr. 1% May 28% May Jan. 35% Apr. 5% Jan. May May May Apr. 9% May 9% May 11% May % % 4 % 8% 23% 2% May May 57 17% 19 6% Sale 1% Feb. 13 % May 47% May 4% Feb. 22 34% May 21 112% May May 23 18 17 61% May 24 9% May 4% 1% 120 26 Apr. Jan. May 3 120 "29 % 8% 8% 9% a Sale 18 19 34% 9 28 ■«?'* Sale 103% 103% 102% May Sale 7% Registered 3,300 Sale ~2H Sale" 8,900 350 6 15*4 IK * com " 24% 5% 100 7% preferred Internat Petroleum 300 23 64 5% 6% 8% Sale 8% Sale 11% 11% 23 19% 7% 7% 17 18% 19 17% Sale Sale Sale 1 27,500 Internat Industries Inc. 1,450 Internat Metal Indus cl a— 798,200 Internat Paper & Pow warr__ 200 11 % 1 1 Class b stock Industrial Finance vtc Sale 6% 61% 12 13 15 % Non-voting class a Sale 8% 6 111 5,400 Sale 31 3% Sale Imperial Chem Indus Ltd— 2,030 10 1% 2% Sale 44% Sale 2% 29 59 3,700 Imp Tob of Gt Brit & Irel__£l 17,400 Indiana Pipe Line 10 2,580 Indiana Serv Corp 6% pref-100 112% 18% 60% Sale 8% Sale 11 12% Sale 67 * Am dep rets ord reg-1,300 £1 64,700 Imperial Oil (Canada) 9,800 Registered .10,200 Imperial Tobacco Co of Can. .5 Sale 34% 112 280 30,100 Illinois Iowa Power Co 85,700 5% conv preferred-- 4 Jan. 5 1 Feb. 20 1 Feb. 20 % 16% 73% 23% 15% Apr. 24 Apr. 23 Apr. 16 Apr. 4 Jan. 8 2% Apr. 24 12% Jan. 5% May 19% Feb. 19% Feb. 5% May 17 3 7 7 3 1% Apr. 18 9% Mar. 14 % Jan. 6 18% Jan. 5 Jan. 8 4% May 4 37 Warrants series of 1940-.-. 15,700 10,500 1,000 1,675 200 2,200 11,900 1,000 25,100 2,200 525 400 270 29,600 150 "30,406 47,600 3,900 3,450 3,100 7,350 20,900 5,500 3% 9% 10% 4% %« 16% Investors Royalty Co Iron Fireman Mfg com * ♦ 1 vtc..* Irving Air Chute common.—1 Italian Superpower cl a * 180 Kansas g & b 7% pref 100 Keith (Geo e) Co 7% pref. 100 l6".606 Kennedy's 5 1,800 Ken Rad Tube & Lamp cl a..* 350 Inc. - 1,200 20 140 10,700 8,700 1,000 600 200 800 :"""30 Kimberly-Clark 6% pref 100 1 2,800 Kingsbury Breweries com Kings County Lighting— 7 % preferred series b 320 100 420 5% preferred series d 100 1 22,100 Kingston Products.. 17,900 Kirby Petroleum 3,300 Kirkland Lake g m Ltd 1,200 Klein (d Emil) Co common..41 500 Kleinert (i b) Rubber 10 1 3,300 Knott Corp common Kobacker Stores Inc com * Sale % % 2% 1% Sale 1% 2% 7% 8% 3% a 13 Sale Sale 10 / Sale Sale Sale 12% % 13% % 2% Sale 1 1% 80 Sale Sale Sale 1073 283 108% 96 Sale 19% Sale 26 116% 120 20 117 24 6% 4% 12 63 53 6% 4 Sale Sale A 83 62 1% m 11% 10 % 118 5 5 7 3% 5% 3% A 75 85 67 72 Sale 53 58 1 7% May 23 118 5 May 29 3% May 29 1 1 3 May 10 May 2 80 May May May 18% May 26% May 90 97 May 7 115 6% May 4% May 1 5 112% May 15 112 a May 13 K 98 12 95% May May May May 27 102 May 23 108% 18% May 21 31% 26% May 2 2*7 1% May 22 1 May 14 5% Jan. % 17% 17% A 3 Jan. 26 Mar. 8 Feb. 9 Jan. 20 3% May 7 2% Feb. 27 2 23 95% Apr. May 1 27 102 Mar. 27 23 109 21 2 36 Jan. 27% Mar. May 23 120 Mar. 3 8 2 May 29 9 3% May 29 7% Mar. 19 6% Apr. 6 2 112% 114% A 92 13% %,May 31 16% May 7 16% May 17 % May 15 10% Apr. 27 13 % Mar. 20 25 92 m May 23 90 110% 115% 115 22 Sale 5 May 14 97 100 68 Sale Sale 6% r92% Sale 29% 5 111 85 1 80 94 102 Key Co common............* 10 Sale Sale 12% Sale % Sale 14 Interstate Home Equip com.-l Interstate Hosiery Mills Interstate Power $7 pref. 47,100 Jacobs (f l) Co 1 ♦ 6,200 Jeanette Glass Co Jersey Central Pow & Lt Co 5%% preferred 100 1,850 6% preferred 100 2,150 7% preferred ..100 1,460 61,200 Jones & Laughlin com—.--100 250 Julian & Kokenge com —* 50 "2~,500 International Vitamin 1 2% Sale % n 13 14% 10 11% 8% 7tt 17 9% 1% 1% A 11% 2% A 14 8 9 3% 7% 7 6% 85 May 64 May 1 May 2 May k May 11% May 9 May 4% May May 15 May 8 111 May 16 66 May 14 1% May 2 2% May 6 % May 4 85 16 16 14 21 18 24 85 14 -8 10 18 12% May 14 May 14 7% May 13 Jan. 2 112% Jan. % Mar. A May 13 May 64 May 1 May 2 May May 11 % May 9 May 4% May 31 7 Mar. 11 16 16 95 14 2 Jan. 3 21 18 24 14 18 2 % Jan. 9 73% Mar. 30 8 1% Jan. 15 Apr. 11 8 10% Jan. 4 8% Apr. Koppers co— 590 10 200 2,500 6% preferred 100 Kresge Dept Stores— 4% conv 1st preferred--.100 1,900 Kress (s h) & Co spec pref. .10 11,600 Kreuger Brewing Co 1,775 84% 86 89 Sale 73 78 75 90 47% 60 123 65 80 56 75 65 6l 12% 5% 12% 5% 11% 4% 12% 5 May 13 11% May 18 4 K May 21 40% 17% 43 31 35 40 * 23% Sale 17% 12% 390 Lackawanna rr n j 10 .--100 54,300 Lake Shore Mines Ltd 11,900 12,700 37,500 317 11% 5% 337 1,900 18,500 4,300 2,700 2,650 600 76,100 30,900 7,400 Sale 9% 7,400 300 100 600 ""206 4 Class A ... Class B—- .♦ » 15 7$ "io% 16% 9 7 Sale Sale 34% 35% rt 600 2,500 1,700 10% 6,900 6% preferred see "11% 25 131 53 "14 " 15% page 53, 30^6 3 75 9% 9 3% 6 7 2% Sale 31% 11% Sale 2% 1% % 21% 8 Sale Sale 95 10 90% May 10 75 65 55 Feb. 10 11 % May 18 May 13 11 % May 22 5% May 13 May 17 40 11% May 31 17% 2% May 15 4% 95 May 16 100 9% May 21 12% May May May May May 17 6 10 13 10 15% 6% 4 Sale % 22% Sale 4% May 22 1% May 21 % May 20 21 May 15 7% May 25 May 15 May 4 May 9 29% May 13 11% May 16 1 19% May 10 1% May 8 5 2\ . _ 11 20 "l% Sale" Class B. For footnotes 91 12 Sale 1 Convertible preferred 10,800 ""I56 4 May 15 21 1% 1% 17% 22% 10 1 17% 1% / May 25 May 13 May 15 4% May 21 90% May 10 75 40 May 17 43% 11% May 31 25% 2% May 15 4% x71 Jan. 12 100 9% Jan. Apr Mar. Apr. May May % May 21 May 7 % May 10% Jan. 16 May 15% 6% % 4% 1 % 1 15 . Feb. 16 10 22 21 20 15 25 16 25 5 Apr. 5 12% Apr. 10 x6K Apr. 8 Mar. 11 Jan. 3 Mar. 25 May 13 12% May 10 16% 6% % 6% 3 Feb. Mar. Feb. Apr. Mar. Jan. Jan. Apr. Mar. Mar. % 35% 12% 16% 22% 1% Apr. 21 16 23 24 12 9 new 46 exchange curb york AGGREGATE SALES In Since May 1940 STOCKS Shares 8,950 89,600 69,200 4,875 14,775 10,300 93,700 5,950 41,200 16,300 675 2,125 1,700 30,500 Par Bid 13 5 10J * (Continued) Locke Steel Chain Co. Lone Star Gas * 1 100 100 44 Long Island Light common.. 7% preferred series A 6% preferred series B - 38 N 13k Sale 1,600 Loudon Packing Co com Sale Sale Ik 100 Sale IN 31 10 26 N .. (The B) Co * Mapes Cons Mfg Co * Marconi Internat Marine— Communication Am dep ret. Margay Oil Corp —* Marion Steam Shovel com * Mass Util Associates vtc 1 Massey Harris Co common—* 50 Manischewitz ""200 1,200 415 100 600 2,300 6,000 2 38 Sale 26 X 7 1814 2k Sale 2% 2k 4k 5 22 23 % 5 15N 8,200 1,700 8,400 1 18,500 Master Electric Co May Hosiery Mills— $4 preferred 2,500 McCord Radiator & Mfg B__* 25,900 McWilliams Dredging com...* * 4,120 Mead Johnson & Co com 3,000 * 3N 1 5,500 Merchants & Mfrs class A 2,200 1* 2M 814 Sale 16214 16514 4N 4V 16 % 17 —5 13,400 Memphis Nat Gas com 2,150 Mercantile Stores Co 900 Participating preferred * 13,100 Merritt Chapman & Scott----* 750 225 5 400 250 600 6N% A preferred ... 100 Common stock pur warr'ts.. 1,400 —--1 36,100 Mesabi Iron 5,600 Metal Textile Corp com....25c 300 12,100 3% "~4% "414 67 Sale """% ~"k 50 10 130 2,650 900 10,100 100 Sale 14 k 25% 1% , IN Sale 4M Sale 98 N 95 22% Sale 2% 5% 5N 10414 109% 28% 26% 2 Highest Sale Prices Sale Prices 10 May 21 13% 7N May 22 10 k k May 25 27 May 21 48 N 24 May 28 IN May 21 3 k May 22 99 May 21 106 N 29 N 20 N May 28 Ay> 30 27 25 38% Sale IS 10 14 10 29 26 28 4% 28 14 May 21 IN May 20 30 May 21 38 14 28% 1 4,800 4,200 17,800 Midland Oil 2,050 800 4% % 8 4*1 .A Sale * 4k 5% 1N 7% Sale 4 $2 non-cum div shares * 17 X 18% 3,700 11414 Sale 3,225 Midvale Co 1 IN 50c 9,300 Mid-West Abrasive Co ...-.10 714 Sale 16.200 Midwest Oil Co Midwest Piping & Supply Co.* 10% 11H 500 1 * 1,500 Mining Corp of Can 58 Sale 15.425 Minnesota Min & Mfg Co....* 91 94 N 10 Minnesota P & L 7% Pref--100 350 Miss River Power 6% pref. 100 8,200 Missouri Pub Serv common..* .4 4% 11 Sale 23,700 Mock Judson Voehringer. .2.50 300 200 5,325 10 110 2,200 4,800 --1 181,300 Molybdenum Corp 10,700 Monarch Mach Tool Co com.* 1 14,300 Monogram Pictures com . 2,200 Monroe Loan Society cl A—.1 51 100 1,300 8,100 400 Sale 3N 60 ik 5k Sale 3n 11n 3n 3k Sale 3 % Sale 62% 67 k % % % Sale 2% 3% 42 37 2 32 128 4 13 4 100 4,070 9,050 1,050 1,800 1,220 1,000 300 ""600 800 400 500 52,300 154,000 26,850 9,100 11,050 1,900 10 310 1,700 6,700 . 400 50 400 17,700 10,700 320 "3", 900 1,000 29,000 24,100 600 2,800 2,300 73,800 81,900 1,820 1,100 11,700 2,400 88,900 92,800 1,500 13,400 200 22,250 1,100 8,500 40,900 225 3,400 4,875 9,000 400 5,900 9,100 3,900 2,500 30 26,600 40 800 1,100 300 ""50 25 2n 2n 60 n n % Sale 2n 2m 36n 45 50 n 104 N May 4n k 3n 6 5% Sale 4 3n % Sale 1 5 Sale ^8 % 8% Sale 3% 3 % n 5% 5n 8 6 Sale 5 200 200 1,400 " 1,950 ^ 1st _ 1° 15 11 8l 1 OH 15% Sale Sale * 5% New Idea Inc common 2 Feb. 24 25 Mar. 18 2 21 23 6 15 18 29 3N Apr. May 50 May N Feb. N Mar. 2N May 37 May 10 3 k May % May 8N May % May 17 16 2N May 22 % Mar. 20 5N May 21 3 3 6 5 May May May May May May May May 10 May 17 May 9 May 1 12 see page 53* 97 . 18 N May May May May May May 120 N 2N 8N 10N % 90 117 5N 8N 8 N May 13 2% May 25 25 3 4N May 21 6 N May 18 17 N May 21 May 2 142 May 28 12 "28 16 % May 17 7% May 28 77% May 4% Sale 19 % 4 6 141% 142 n 11% 12 15N 16N 714 7% 74 77 10n 10n ^ n N ilk Sale 25 46 Sale 47 13 n Sale 12 n Sale 2n 5 43 3n 3n Sale 45 n 10n Sale 8 11 ■l8 i\rA 11% May 25 35 May 28 7N May 21 10N May 21 1% May 27 31N May 22 Sale 2% 314 3 Sale 26 22 •7N Sale 6 Sale A* 9N Sale IN IN N* N 8N 8k 11n lk Sale 11% 119 21 21 14 14 16* i.56 10 Sale 11% 40 8N (May 5N May % May 19 k May 7k 78 10n 16 % N 2N 2N 4N 110N 114 10N May 13 10N May 6 97 IN 6N 9N % 43 N 90 116N 3 % 5 May 31 7 May May 5N May May 1 May N May 8 May 110N May 9 May Jan. May May 6 May 139 N May 15N May 23 May N« Jan. N Apr. 2N May 2N May 4 N.May 12 May 10N 69M 23 N 130N 7 k 14N 66 k 3N -5" 3 sy. an 4 iA 20 7 11% A* Sale 58 24 k 17 Sale 113 Sale Jan. 11 6N May 28 Ilk May 28 7 May 17 75 May 28 8N May 21 5N May 21 N May 14 19 k May 14 3N Sale 13 21 30' 40 Sale . 2N 7 16 N May 1 10 8 11 Jan. 17 6 Apr. 4 20 N May 13 2N Apr. 10 8N May 10 19 11 Jan. 1 Feb. 23 2 70 N May 6 90 May 10 17H Feb. 20 5N Apr. 4 11N Jan. 2 9N Apr. 18 Apr. 16 41 1 Jan. 2N Jan. 714 Apr. .71 Jan. 26 Jan. Jan. 30 10 4 5 13 24 29 Ni N 4N 4N Feb. 20 May 8 Jan. 15 Feb. 21 6N May 2 21 k Apr. 4 42 May 2 13 N Apr. 9 17 N Mar. 6 10 Feb. 29 81N Jan. 29 11% Jan. 3 11N Apr. 15 k Apr. 3 31 Jan. 25 6 14 2 18 76 k May 3 May 3N May 25 May 7 May 5N May 14 N May 12 N May 2 N May 43 % May Jan. 13 27 May May May HON May 8 1214 May 1 84 N May 22 4 N May 6N May 1 2 Jan. May May 3 May 4N May 8 84 N Jan. IN Jan. 11% May 17 69 N May 11 55 Apr. May, May May 25 1!* 10N May 49 May igg May May May May 67 May olVs May 13 36 May 3N May 10 18 115 4 22 May 7 May 10N May 49 1 May Feb. 33 Feb. 2 Feb. Apr. 15 15 N May 21 % Jan. 9N Jan. 4N Jan. Ilk Feb. 27 12 18 2 17 N Apr. 22 47 N Apr. 30 May May May May 2N May Jan. N Mar. 7 8 % Jan. 3N Feb. 17 5 42% Jan. 16 11% May May May 67 25 55 1 4 10 14 4 28 21 21 27 22 May 34 Jan. 30N Jan. 4N Mar Feb. 25 1 2 11% May May 7N May 10N May 1 k May 31N May 35 1 35 May Apr. 22 3 6 6 9 16 8 7 9 4 3N 15 22 25 28 9 Feb. 20 Jan. 4 Apr. 4 17 N May 47 May May 25 18 21N 119N 115 11% Sale 50% Sale Sale May May May May May 28 29 4 17 25 21 18 21 14 May ig 30 Sale 3N 16N 8 84 T> k 36 9N 3 Jan. Apr. 29 7 67 9N 22 18 20 16 18 29 138 60 12 n Sale 84N 4k Sale 6N 6k k 1, IN IN 25 Sale 5 42 Ns May May 22 95N May 3 May 5N May 32 May 10N May 8 May UN May IN May n May 10n May 110N May 3N May 25 23 28 23 21 15 18 24 10 24 18 May 22 May May Jan. May May May May May May May 5N 24N N IN 10 76 N May 3 May Apr. 2 4N Feb. 29 2N Jan. 20 104 May 13 6 May 31 5 17 Feb. 29 108 H Jan. 10 5 % Jan. N May 15 9 8 Apr. 4N May 21 IN Apr. 15 N Mar. 29 6N Apr. 15 4 May 22 May 3 May 13 ~ May 7 IN May 10 4 May 22 May 2 4N May May 2N Sale 5 Sale May 12 14 Sale May 142 May 6N May "7% "8% 12n 13 n Ilk May 6 7 7k May 75 May N 5% ----- * 25 2 Jan. 1 8N May 10 May 1 N May 13 May 8 6 May 18 168 May 2 4 21N May 4 2814 May Sale 72% Sale Jan. IN Apr. 22 10 9 1 Sale 5N May 8N Sale 33 37 n May 40% Sale N N % N May in 214 IN May IN 6 May 6n 7 8n 4N 145 139 N May 168 % 141 168 21 k 16 N Sale 15 N May 21 23 29 21 23 May 28 N 3n 1 8 8 2 1 % Apr. 8 Mar. 21 39 2N IN May 22 9N 4N May 22 123 May 24 170N 5N 3N May 21 18 N 11 May 22 May May May May May 7 1N 6N Sale 10 9N N IN c, Sale 43 N May Sale 46 90 90 98 % 70 May 120 105 115n 116 N May Sale 4n 3N May 3N 5 Sale May 5n Sale 94 k 6% Apr. Apr. 29 17 2N May 21 2 May 28 IN May 21 21N Jan. 16 22 107 5N May 21 lk 9414 Sale 6 20 2 14 N May % May 18 N May 2 2N May 15 37 May 29 2N May 22 614 Sale Sale * 100 * 100 100 % IN 6n 8n 42 10 Pow Assn com 6% preferred... $2 preferred 12n 100 2N 12N Sale 3 3N 43 44% 16% Sale 46 X 46% Jan. Mar. 15 Apr. Jan. May May 28 % May 15 4N May 21 n May 23 4 May 22 12 17 8n 13 k mi 36 37% 9N Sale 10N Sale IN 36 33 % 106 114% New Jersey Zinc 26,400 New Mexico & Ariz Land... 7,400 * 500 New Process Co common N Y Auction Co common * 4,000 N Y City Omnibus warrants.. 100 N Y & Hond Rosario M 10 7,350 90 117 18 3% cum-4% non-cum—100 9,500 footnotes 414 Sale 514 Sale 12 % pref. 1,600 New Engl Tel & Tel Co New Haven Clock Co com...* 15,400 10% % 69N N 4N preferred 850 New England 75 160 1,700 1 * Nat Manufacture & Stores—* National Oil Products -4 National Power & Light— $6 preferred National Refining com * Nat Rubber Mach com --* —* National Steel Car Ltd National Sugar Refg ---* National Tea Co 5N% pref.10 National Transit —12.50 National Tunnel & Mines * National Union Radio com—1 National Fuel Gas.. 5 2,200 Nelson (Herman) Corp 2,100 Neptune Meter class A 1,600 Nestle Le Mur Co class A— 100 Nevada Calif Elec com.... 100 8,030 10,050 * -1 50 Co com National City Lines com $3 conv preferred National Container (Del) National Candy 1814 Sale Sale 8 23 39,500 100 18n 111n 2% Nat Bellas Hess com. 170 Nebraska Power 7 % 14,000 Nehi Corp common New common 40 2714 14 National Breweries common- 19,800 3,200 28,600 22,000 10,600 4,800 Navarro Oil Co 1,975 4,000 5,200 Springfilled Corp..* Automative Fibres com—1 Nachman Nat Sale . 6,050 Muskegon Piston Ring..-.2.50 * 1,650 Muskogee Co common 6% preferred.. 100 160 1,600 For Utilities...10 Montgomery Ward & Co A._* Montreal Lt Ht & Pow com _* Moody's Investors partic pref.* {Moore (Tom) Distillery Co..l New common stamped 1 Mtge Bank of Col Am Shs..._ Mountain City Copper Co..5c Mountain Producers Corp—10 Mountain States Pow com...* Mountain Sts Tel & Tel. 100 Murray Ohio Mfg Co—___--* 20 May 21 3 % May 63 May 4 3N May 23 May 28 2 May 21 50 May 23 n May 13 N May 21 2N May 18 37 May 29 25 108 % 107 IN 1N May 22 7N 4N May 22 May 24 170 5N 3N May 21 18 11 May 22 123 25 24 May 3N May 2 N May 3N May 40 May 2 3*4* 700 Montana Dakota 4 Jan. 25 8 15 17 2N May 21 May 28 IN May 21 26 N May 21 2 51n in 5% % Sale 18 IN lk , 60 2 7% 169 14 N May 2N 31 Sale 40 15 2 3N Sale 2N 2% 3% 314 N May 15 N May 21 IN May 20 30 May 21 Midland Steel Products— 1,700 1,500 2,100 6,900 9 Jan. 10 May 29 May 21 25 Corp— $2 conv pref 8 May 5 10 6% Sale 15 N May 1 IN May 10 IN May 2 32 May 21 15 14 May Sale k in Middle States Petroleum— Class A v t c new..; 1 14,000 Class B v t c new 1 16,600 55,700 Middle We^it Corp common..5 Mar. 1 N n in % Sale IN Sale IN IN 38N 40 N 28 214 214 Participating preferred 15 37 N 42 Metropolitan Edison Co— 370 $6 preferred * 10314 105k Sale 17,550 Michigan Bumper Corp—-- -1 6N 8 2.50 2,700 Mich Steel Tube Prod k % -* 20,400 Michigan Sugar common 4 514 Preferred 10 2,600 600 41 Lowest Sale Prices 13 N May May 21 7% May 22 10N May May k May 25 May 27 May 21 24 May 28 38H May May IN May 21 5k May 3 k May 22 99 May 21 160% May 20 N May 28 27% May Sale 8 . 10 1014 10% Sale 54 % _ 900 9,100 1,390 6,900 Sale Sale Sale 58,600 {Majestic Radio & Tel Oorp.-l 23,900 Manati Sugar opt warr 1 3,400 Mangel Stores Corp com 250 $5 conv preferred — * 13,800 10,500 2,000 13% 10% Highest Sale Prices Ask Ask Bid Bid Lowest May 31 1 May Ask 1% * 5N 5k Louisiana Land & Expl com.-l 103 160 Louisiana P & L $6 pref * 101 26 N 5,600 Lynch Corp com 5 25 30 1 Jan. 2 Jan. 1 Shares RANGE SINCE JAN. PRICES IN MAY Price new york curb exchange 15N May 14 N May 6 13N Jan. 25 3N Feb. 8 44 Jan. 3 97 N Jan. 6 3N Apr. 6 6 N Feb. 54 N Jan. 11% Feb. 13 4 20 8% Mar. 6 12% Apr. 15 2 lk Feb. k Jan. 23 12 k Jan. 8 Apr. 25 70 Feb. 5 14N Mar. 21 N. May 22 84 4 6 Jan. 7 Apr. 25 1 Jan. 26 Apr. 19 30% Apr. 19 13% 76% 25% 136N 8N 15N 67 Jan. 12 Jan. 11 Jan. 3 Apr. 22 May Apr. 2 2 Apr. 30 Jan. |8 Apr.l* 3 Apr.* 25 Apr.< 25 28N Jan *25 ll* NEW June, 1940] 47 EXCHANGE CURB YORK AQQREOATE new Since May curb Jan. 2 exchange 2,000 190 320 9,000 430 600 160 86,700 1,050 20 2,000 1,200 5,300 10 9,900 ~5~, 700 4,400 33,300 7,550 2,700 1,200 830 600 1,300 ""830 490 1,000 9,400 2,150 4,600 1,425 375 1,550 500 230 225 600 12,300 1,450 1,000 73,800 "'300 300 400 8,100 1,300 500 250 500 139,500 400 800 5.900 40 180 900 1,500 100 200 300 73,000 35,700 50 50 700 440 1,050 625 "~2~,900 1,650 200 5,400 1,800 40 450 3.700 171,400 8,750 6,300 100„ 17,7001 10,800 75 15,600 4,300 3,300 14,000 1,100 1,600 "~2,500 3,800 10,900 100 "MOO 10,200 525 1,900 3,200 1,800 700 5,700 stocks (Continued) Par 8,100 N Y Merchandise Co com- -10 1,520 N Y Pr & Lt $6 pref — - * 2,420 7% preferred 100 N Y Shipbuilding Co— Founders shares. 1 38,700 N Y State Elec & Gas Corp¬ 700 se preferred 100 5,600 New York Transit -5 2,950 N Y Water Serv 6% pref—-100 332,100 Niagara Hud Pow com -10 8,500 5% 1st pref 100 850 5% 2d pref * 100 16,100 Class A warrants 3,200 ClassB warrants ----11,700 Niagara Share Corp class B--5 360 Class A preferred 23,500 Nlles-Bement-Pond com 400 Nineteen Hundred Corp B 14,200 Nipissing Mines 9,800 Noma Elec Corp com 164,100 Nor Amer Lt & Pow com 100 * 1 --5 1 1 22,250 $6 preferred 11,300 North Amer Rayon cl A 4,910 Class B common 2.774 6% prior preferred --50 * 1,800 Nor Amer Util Sec com 2,600 North Cent Texas Oil 5 3,000 North European Oil com—--1 2,905 Nor IndPub Ser 6% pref—100 1,800 7% preferred 9,500 Northern Pipe Line 37,000 Nor States Power A 5,500 Northwest Engineering 100 10 25 10,800 Novadel-Agene Corp 5,400 2,025 8,350 1,440 Ask Bid 7M 85* Sale 107 115* 13 Ohio Oil 6% 55* pref.--------100 100 -5 15 50 $3 preferred $5.50 conv pref 164,784 Oldetyme Distillers Oliver United Filters B * -----—1 "1,950 Omar Inc * 1,500 Overseas Securities Co _♦ 1,200 Pacific Can Co common 39,800 Pacific G & E 6% 1st pref.-.25 5,200 55* %lst preferred25 1,225 Pacific Lighting $5 pref --* 710 Pacific P&L7% pref 100 ♦ 1,400 Pacific Public Service com 100 $1.30 1st preferred * Pantepec Oil of Venezuelae American shares 329,000 700 Paramount Motors Corp -1 -----10 1,150 Parker Pen Co 29,200 Parkersburg Rig & Reel Co--l 280 Patchogue Plymouth Mills—* 55* 67% Sale 85* 1 45* 95* IX 45* Sale 1 •3,800 40 130 230 7,500 7,450 22,825 23,125 1,100 200 600 6,750 3,050 33,500 46,275 29,125 67,300 50 550 2,300 4,100 45* 93 X Sale 97 67 Sale 85* 9X IX Sale 4X Sale 985* 85* 95* 195* 19% 47 Sale 113X 115 IX IX '"75* ""§ 2X 11 35* 13 335* Sale 31 315* 89 55* 20 90 X 6 21X 45* Sale 35* 45* 11X 12 Sale ~"~X 12 IX Sale 25* 265* 8 75* Sale" 915* 29 Sale 5* 25* Sale 95 X 97 100 104 116X 118 7 8% 9X 75* 8 13X Sale 85* 18 X 18 135* 20 35 X Sale 285* Sale Sale 17 Sale 95 19 49 X 1145* 3X 45* 7X 2X 45* 35* Sale 4 125* 30 485* 155* Sale 325* 15* 3 Sale 3 25* 95* 65* 155* 405* 105* 285* 295* 5* 25* 15* 145* Sale l0& ua 15* Sale 75* Sale 65* 385* '115* "12*" 9 50 11 Sale 105* Sale 1005* Sale 15* 15* 95* 105* 785* 15* 75* 8 "ix Sale 45* 85* 21 22 15* Sale 40 42 95* Sale 4X Sale 85* 85* 6 65* 93 975* 7 12 27 95 96 May May May May May May 1 35* 7 225* Vs 38 85* 35* 85* 85* 101 % Sale 4 75* 35* 235* % 16 40 30 5* Sale 55* 5* 4 95* Sale 1025* 3 75* 45* 95 9 Sale 25* 15* 115* 385* May May 1145* May May 305* 30 4 35* May Sale 5 May 265* 205* May 10 12 May May Sale" May Sale May 39 40 May 8 Sale May 43 Sale May 9 Sale May Sale 75 May May 15* 9 7X May 115* 5* May 5* 55* * 175* Sale 35 7 5* 35* 85* 55* 100 75* 195* 495* 116 45* 27 21 21 2 May 10 May 3 May 8 May 3 May 14 May 8 May 14 May 8 May 9 May 9 May 1 May 3 25* May 15 Jan. 4 55* May 3 35* May 20 115* May 7 10 May 8 20 May 20 485* May 3 155* May 7 365* May 6 31 May 11 X May 16 2 215* 385* 65 15* 21 28 1105* 22 113 28 185 May 28 May May May May May May May May 695* May 11 785* May 10 275* May 7 1 May 5* May 21 25* May 22 7 May 7 1 4 May May May 1 8 7 16 X 32 45* 5* 25* 85* 45* 95 May May May May May May May May 29 28 28 21 6 21 23 27 May 24 7 235* 5* 395* 85* 5* 35* 95* 85* 1025* May May May May 10 May 8 May 14 May 7 May 8 May 7 16 Feb. 19 May 10 Mar. 27 Jan. Jan. 8 25 3 Jan. 52 •4 13 Jan. 3 35* Mar. 14 7 5*# Feb. 110 May 1 6 1175* May 95* Apr. 18 4 155* Jan. 21 Apr. 15 9 385* May 245* May 10 1105* Mar. 12 107 Apr. 5 1 1165* Feb. 1165* Mar. 26 Apr. 1 1085* 5 85* Apr. 3 215* Apr. 50 Mar. 13 117 Mar. 29 45* May May 24 25* May 15 22 1 8X Feb. 13 35* Feb. 20 155* May 345* Apr. 6 6 27 315* Jan. 9 23 1085* Feb. 28 24 955* Jan. 11 15 65* Feb. 23 Feb. 20 Feb. 6 6 25* May 21 3 5* Jan. 75* May 6 May 20 May 41 May xll May 27 May 30 May 5* Mar. 26 17 21 20 26 17 29 17 7 25* May 27 15* May 21 115* Jan. 15 Mar. 6 Apr. X May 975* May 1035* May xl585*May 26 64 • Feb. Jan. May 55* 35* 125* 10 5* 355* 49 5* 165* 365* 32 5* 9 Feb. 27 Jan. 26 Feb. 21 Jan. 8 Jan. 3 15 Feb. Apr. 11 May 6 Apr. 30 May 16 3 Mar. 21 3 25* Jan. 225* Apr. 15 8 385* May 65 2 21 28 112 22 1135* 28 185 535* May 24 53 May 24 22 May 24 7 Feb. 1035* Mar. 28 8 265* Apr. 3 265* Jan. 5 4 65* May 10 May 22 75* May 55* May 22 15 1165* May 1145* May 30 315* May 11 May 35* May 15 65* May 13 5 May 21 May 41 205* May 21 May 185* May 95* Jan. 23 X May 23 X May 23 15* May 2 28 15* Ma*y 6 75* May 3 27 May 42 39 17 May May 6 8 135* May 21 3 May 43 575* May 10 24 May 9 125* May 15 9 May 75 28 1035* May 10 May 15* May 15* May 21 7 95* May 13 23 75* May 25 8 27 15* Jan. 17 May May 945* May 1105* May 104 May 103 May 6 May 135* May 39 May 100 May 15* Feb. 13 4 Feb. 55* 995* 715* 95* 15* 55* 95 12 24 24 24 Apr. >81 Jan. 1 15 May 445* May 5* Mar. 25* May 37 5 3 Mar. 28 87 35* May 935* May 50 May 85* Jan. 5* May 354 May 5* May 57 May 15 May 135* Feb. May 265* May 101 May 72 May 4 May Jan. 65* Jan. 5* May 28 May 10 Apr. 16 92 5*. Feb. 95 May 97 May 6 May 7 May 12 May 27 May 8 2 JK 29 »ji Jan. 20 Sale 5* 35* 108 235* Apr. 22 108 May 55* Jan. 11 May 35* May 73 May x73 27 1 14 10 May May May May May May 245* 1085* 1065* 1155* 115 X May 21 11 98 155* May 6 8 22 335* May 8 May 10 27 30 23 1075* May 6 86 24 May 3 5 15 May 10 25* May 21 35* May 20 4 75* May 17 Sale 6 May 21 8 20 May 20 25 41 May 26 43 May 17 125* zll 27 May 29 31 30 May 17 31 5* May 16 15* 116 55* 6 65* Sale 75* May May May May 7 May 28 95* Mar. 11 Jan. 19 98 May 23 109 1035* May 25 1185* Jan. 6 10 8 15* May 45* May 15* May 95 May 255* May 245* May 515* May 5* May 17 3 May 17 21 110 28 1175* 85* 21 135* 21 19 May 18 May 25 385* 95 97 6 Sale 45* 55* 8 X 45* 5* May 22 3 5* May 21 5* May 21 57 May 21 15 May 18 15 May 28 445* May 23 {/«May 17 25* May 21 May Sale 2 May Sale May 195* Sale 32 39 39 May 38 65 65 57 May 65 66 1 5* May 2 15* 15* 975* May 995* 100 Sale 1035* 1055* 1035* May Sale zl585*May 1585* 164 15 105* 165* 56 535* May 545* 675* 53 Sale 58 May 565* 22 25 May 285* 235* 25* 5* 45* 935* 715* May 155* Sale Sale 9 355* 315* 5* 132 It" 8 tl 81 17 May 28 May 24 945* May 23 Sale 1105* May 23 104 May 27 .7 103 May 15 6 May 21 75* Sale 135* May 22 145* 39 50 45 May 23 Sale 100 100 103 May 23 4 Sale Sale 35* May 22 2 55* 65* 5 5 6 May 24 85* 25* May 15 35* 15* 35* Sale 15* 50 9 14 155* 28 295* Sale 265* 275* 265* 101 107 108 1005* 102 74 885* 865* 755* 72 4 4 55* 55* 55* 16 21 19 195* 15 325* 295* 89 May 81 May »3s May 5* May 35* May 185* 102 94 1055* 1065* 1145* 1155* 1125* 115 1165* 7 107 X 1085* 55* 75* 85* 295* 56 X 25* 110 113 36 4 Sale 24 34 5* Sale 11 "§X Sale" 5* 35* 45 108 35* May 73 935* May 165* X 3X 75* 255* 55* May May May May May May May May May May May May 4 1 3 9 70 7X» 35* 985* Sale 7 155* 155* 51X Sale 90 61 68 50 65* 75* 145* Sale 16 J* 18 J* 355* 365* 75 Sale 27 Sale 35* X 35* 95 255* 100 332 Sale 49 5* 35* W 1 25X 25 X Sale % 25* 70 Sale 235* May 108 55* May 11 *32 24 X 24 X 89 165* 725* 905* 285* Jan. 11 Jan. Feb. 19 3 Apr. 18 May Jan. Jan. 315* 65* 155* 475* 185* 13 4 Mar. 14 85* Jan. 85* Jan. 120 19 Mar. 11 4 5 Feb. 11 29 Feb. 8 Jan. Mar. 30 Apr. May 1 3 Feb. 1 Jan. 4!" 8 Apr. 8 Feb. 29 Apr. 26 5 61H Jan. Apr. 17 Feb. 29 Jan. 10 dH Jan. 15 Feb. 7 15* Jan. 20 5* May 21 25* May 22 7 May 7 85* 815* Jan. 25 815* 16 May 29 245* 5* May 28 15* 32 May 28 42 45* May 21 10 5* May 5* 6 25* May 21 55* 85* May 23 95* 45* May 27 95* 95 May 24 1025* Vk 6 Apr. 18 Jan. 4 Feb. 1 Jan. 24 Apr. Jan. 13 Mar. Feb. May 8 9 13 8 Jan. 5 Feb. 7 Apr. May 6 7 Colorado— 6% 1st preferred 100 7% 1st preferred 100 Pub Serv of Ind $7 prior pfd--* $6 preferred * Public Service of Oklahoma— 6% prior lien pref 100 7% prior lien pref 100 Puget Sound P & L $6 pref— * $5 prior preferred * Puget Sound Pulp & Timb— * Pyle-National Co com -5 Pyrene Mfg 10 For footnotes see page 53. 82X 35* 745* """*£ 27 100 $6 preferred Public Service of 6 20 Sale 675* 5 .17,600 Potrero Sugar com 5 16,600 Powdrell & Alexander com * 300 Power Corp of Can com 60 6% 1st preferred ---100 * * 6,300 Pratt & Lambert 1 22,100 Premier Gold Mining--* 825 Prentice-Hall Inc com 10,800 Pressed Metals of Amer—_—1 20 3,200 Producers Corp of Nev * 6,600 Prosperity Co B common __* 1,300 Providence Gas Co * 31,400 Prudential Investors com 5 16 26 --* 1 27.600 Pharis Tire & Rubber Co 10,400 Philadelphia Co com * 190 Phila Elec $5 div preferred---♦ 25 1,725 Phila El Pow 8% pref 10,300 Phillips Packing Co * 835,800 Phoenix Securities common..-1 57,350 $3 conv preferred A 10 * 10,800 Pierce Governor Co com 200 Pines Winterfront Co 1 1 52,600 Pioneer Gold Mines Ltd 25.200 Pitney Bowes Postage Meter-* 425 Pitts Bessemer & L E RR—-50 1 35,200 Pittsburgh Forgings Co 50 10,540 Pitts & Lake Erie RR 11,000 Pitts Metallurgical Co..—10 32,700 Pittsburgh Plate Glass com-.25 5,200 Pleasant Valley Wine Co—--1 7.50 7,100 Plough Inc common 325 Pneumatic Scale Corp Ltd—10 25c 12,500 Polaris Mining Co 7X 26 X 84 Sale * 111 50 1675* Sale 20 * May Sale \K aVK 2 Sale 600 Perfect Circle com— May 21 Sale -2.50 1 -1 ♦ * * ♦ 11 98 Sale '42% "44% 1,000 Penn Traffic Co 186,100 Pennroad Corp com 203,500 Pa Cent Airlines com 275 Pa Edison Co $2.80 prei 125 $5 preferred 1,810 Pa Gas & Elec class A 1,150 Pa Pow& Lt $6 pret 3.775 $7 preferred 2,520 Pennsylvania Salt Mfg 750 Pennsylvania Sugar Co 13,550 Pa Water & Power 3,525 Pepperell Mfg Co— 18 99 5 81 Highest Sale Prices 14 89 1 Lowest Sale Prices 97 Sale % 55* Highest Sale Prices Sale 55* "~iZ Ask 107 X 865* Sale (D) Grocery cl A * Class B 11,900 4,180 Peninsula Telep Co com , _ * 300 $1.40 preferred 25 600 Penn Mex Fuel common—50c 910 Pender 40 65* 25 X Lowest Sctle Prices May 31 9 7 7 May 28 May 9X 75* Sale 98 May 23 1075* May 995* 108 May 1165* 1035* 107 1035* May 25 116 Sale 225* pref 4,450 21X 1 Ask Bid 5X 215* 107 preferred---- 2,600 Oilstocks Ltd common 49,900 Oklahoma Nat Gas com 6,200 8U 107 107 Ohio Brass class B Ohio Edison $6 Bid 116 Ohio Power 6% Preferredi-}99 890 Ohio Pub Serv 7% 1st pref_100 900 6% 1st 250 280 May 1940 Shares 1 Price york Jan. 1 Shares RANGE SINCE JAN. PRICES IN MA Y SALES In 1065* 109 1105* 115 905* Sale 50 Sale 1065* 109 1125* 117 101 515* 1035* 1045* 108 110 1105* 275* 835* 255* 105* 65* 245* Sale Sale 785* Sale 125* Sale ""65* ""65* Sale Sale 975* 105 1085* 114 815* Sale 405* Sale May 14 zl045*May 16 107 xl045*May 16 107 May 14 1105* May 28 1125* May 15 1105* May 28 1135* Mar. 19 67 67 May 21 1065* May 3 May 21 1065* May 3 35 35 595* May May 21 3 May 21 595* May 3 97 995* 100 105 105 1115* 101 135* 185* Sale Sale 58 695* Sale Sale 14 18 Sale Sale 75* 75* 85* 11 45* 4X 6 Sale 110 May May May May May May May 21 109 22 1135* 28 275* 84 21 29 21 75* 22 28 65* May May May 1 May 7 May 10 May 22 May 1 100 May May 135* May 58 May 115* Jan. 75* May 45* May 105 21 1095* Feb. 14 9 22 1135* May 28 325* Jan. 10 85 Jan. 10 21 29 26 May 10 105* Apr. 12 22 28 75* Mar. 7 48 YORK NEW EXCHANGE CURB AQOREGATE PRICES IN MA Y SALES Since May Shares 1,350 540 250 525 1,400 410 ~~2,300 3,900 1,300 1,900 1,750 176,100 3,100 1,400 700 6,300 3,000 850 50 300 3,700 1,700 4,800 900 1,500 1,800 1,700 19,700 250 '■ 2,500 3,900 300 50 112,400 3,200 19,100 2,000 20 200 2,300 17,600 (Concluded,) 2,630 QuaktrUatococn 750 6% preferred 1,150 Quebec Power Co ... _ — 118 50 Sanford Mills Sale 37% Sale Sale 6% Sale 15 Sale % 6._ 2% We .... Sale 2% 6,800 9,000 1,400 39,100 13,200 1,250 16,000 11,212 22,800 2,900 1,000 331,700 33,600 3,050 34,100 63 3% 14% 46% 2% 0 Sale Sale Sale Sale Sale 1 600 2,900 5,350 5,700 $5.50 prior stock Allotment certificates 29% 30 _* Convertible stock 1,300 1,750 12 1% 12% 23 24 „» Seeman Bros 39 ---* 5 "59% 3% 13% 46% 2% 1% 3% 13% 4% 77% 2% 2% Sale o Sale 4% 13% 48% Sale Sale 4% 14% * 1 % 39% % Sale 8% Sale 13 6% 54% Sale 11% 10% 10 4% We 12% 4 1% 10% May May 13 „ 39 May May May May May May May May May May 21 2 22 17 3 27 15 6 21 15 22 24 5 We 12% 6% We 17% 5 2% May May May May May May May May May May 13 17 10 6 10 10 9 % May 21 We May 8 94 May 28 105% May 3 95 95 May 21 May 21 li May 21 13% May 6 May 21 May 21 1% 2% 2 1% 2 4% 5% 1 May 9 2% May 3 May May 10 4 May 1 May 6 May 1% May 21 5% May 23 > o Sale 46 2% 9% 3% Sale 42 35 1% 1% 1% % 1 "2% Sale Sale Sale 5% % % 30 22 10 Sale 26% Sale 14 2% 6% % 59% 3 % 13% 48 % 4 23 15 % May 43 May 2% May 8 May 40 May 1 May May 2' May 9 May 2% May 48% May 4% May % May 29 May % May 9 May 22% May 22 21 22 22 21 17 21 28 21 6 14 13 22 21 23% May 18 26% May 7 4% May 21 Wt May 21 % May 21 35% May 21 We May 23 3% May 23 8% May 27 % May 15 2% May 21 35 May 28 37 May 28 8% May 10 % May 1 May 37% May 1 May 7% May 10% May % May 4% May 58% May 59 May 1 13 ' 1% 1% 3 9 4% 81% 9% % 29 % 6% May May % Jan. % May 16 % May 4% May % Jan. 10 May 4% May We Jan. 12% May 4 May 1% May 13 34 6 1% 1 % 5% % 43 2% 3 8 9 40 1 1 % 1 % 13 2 17 9 1 2% 3 48 % 6 4% % 29 13 13 13 16 16 6 22 14 Feb. 17 40% 1 % 2% 26% Mar. 25 8 21 22 2 27 15 9 21 15 24 2 Jan. 6 17 8 Feb. Jan. 10 6 Jan. We 13% 6% % 19% 5% -Tan. 20 Mar. 13 Apr. 9 Apr. (. Mar. 27 Jan. 4 2% Apr. 22 5 - 116% Feb. 9 116% Feb. 9 14 Jan. 29 11 May 21 May May May May May May May May May May May May May 1 ' Feb. 10% Feb. % Feb. % Jan. 5 We Jan. 25 94 May 28 105% May 3 95 Jan. 29 May 21 104 May 14 13 May 21 34 11 11 9% 53 13% 31%- 5% May 18 % Feb. 16 98 142 114 Sale % 9 22% May 21 Jan. 18 May 21 May 23 Anr. 12 May May May May May May May May May May May Mar. May May May May 23 15 22 21 22 22 21 17 21 28 21 28 12% 3% 3 % 7% Jan. Mar. Feb. Jan. 2 8 6 5 Me Feb. 24 65 5 Mar. 20 Mar. 7 15% Jan. Apr. 2% Jan. 50 2 4 13 6 Feb. 5 4% Jan. 24 15% Apr. 30 4% Apr. 10 81 % May 3 9% May 6 1% Jan. 24 14 13 35 Jan. 18 1 Jan. Jan. 26 22 14 21 34 May 13 18 29% Mar. 13 15 53 17 108 "28"" 23% 21 62 7% % 38% 7% 8% 5% 41 Sale Sale 58 4% 59% 58 60 Sale 74. Sale Sale 7 a? Sale 11 10 5% 51% 54% 98 95% 100 95 % Sale % % % Sale 32 % 16% 4% % , Sale 8 56 Sale 18 % 25 10 8% Selected Industries 25 .. 14% Sale 2% 2% 30% % common 105 110 1 Segal Lock & Hardward com.-l Seiberling Rubber com * Selby Shoe Co com * 5% — 11 30 1 25 * common 114 6% 36 Warrants.. Securities Corp Gen'l com 18 ft % 104% Sale • 1% 1 6% 3% % We 10% Sale 4% Sale We % 12% 13% 3% 4 1% 1% % Scranton-Spring Brook Water Service 36 preferrek ♦ Scullin Steel Co l!& Sale 8 7 1 17 Sale 2 9 -* . 24 8 8% May 34 37 % Highest Sale Prices Feb. May 31 125 9 May 21 154 May 8 2 6% May 22 May 17 7% Sale Lowest Sale Prices We 34 1 5 Sale * Scranton Elec 36 pref Scranton Lace Co common 17$ 13% 12 % 11% 41 2% 8 5% May 18 ft 10% Prices May 31 118% May May May 21 154 11% May May 21 98 142 9% 39 22% 5% % 12% 6% Sale Ask Sale 98 Sale 145 153% 142 11% 5% 11 8% % 104 5 """620 11% Highest Sale Prices Lowest May 31 Ask Bid 152 Sale . 1,100 Savoy Oil Co 5,600 Schiff Co com 37,900 Scovill Mfg Co 1 Bid 118% 153 % 16 12 % ..... '""140 400 Ask 9 2,245 Railway & Light Securities 1,300 Kys & utll invest cl A com.-.1 Raymond Concrete Pile— Common 123* 4.550 680 35% $3 eonv pref 3,700 Raytheon Mfg com 50c * 2% 6,500 Red Bank Oil Co 25 % * 6,800 Reed Roller Bit Co 5% 3,200 Reeves (Daniel) com * % 11,200 Reiter Poster Oil Corp. -50c 13% 5 2,750 Reliance El & Eng Co 6 1 518,900 Republic Aviation Corp ft 8,200 t Reynolds Invest com —1 6,700 Rheem Mfg Co 1 * "~6 1,600 Rice Stlx Dry Goods Co 1 1% 23,500 Richmond Radiator com Rio Grande Valley Gas Co— % 14,500 —1 Voting trust rt.fs 3,625 Rochester G & E 6% pf D..100 100 6% preferred C 100 Rochester Telephone Corp— 10 6%% 1st pref. 100 115 800 Roeser & Pendleton Inc * 11% Rolls-Royce Ltd— Am dep rets ord reg £1 11,000 Rome Cable Corp common—5 11H 5 10,000 Roosevelt Field Inc 13* 3 1 10,200 Root Petroleum Co com 7% 31-20 conv preferred 2,600 -20 H 10,700 Rossia Tnternat Corp * 5,600 Royal Typewriter com 60% * 3 2-50 4,400 Russeks Fifth Ave Inc 145* 55,200 Rustless Iron & Steel Corp 1 45 32-50 conv pref 1,800 * -_* 2% 6,100 Ryan Consoi Petroleum IK 16,600 Ryerson& Haynes Inc com—1 4 1,300 St Lawrence Corp Ltd * A 32 conv preferred 15'"-230 50 3% 351,200 St Regis Paper Co__ 5 12,775 7% preferred 57% .100 --1 7% 66,655 Salt Dome Oil Co % 8,700 Samson United Corp com 1 75 May 1940 Par Bid * 117 100 15Q STOCKS . 1 Jan. 2 Jan. 1 Shares RANGE SINCE JAN. Price NEW YORK CURB EXCHANGE In % % 40% % 4% 8% % 2% Sale 4% 35 9 % 2% . 37 38 45 45 16 10 13 23 % May 45% Jan. 4% May We May % Mar. 35% May % Jan. 3 % May 8% May % May 2% May 35 May 37 May Mar. 8 21 9% Feb. 8 21 7 1 2 21 1H 40 23 27 15 21 28 28 Jan. 1 Apr. 5 Apr. 30 1% Mar. 2 8% Jan. 11 Jan. 5 16 % Jan. 2 6% Jan. 5 59% Apr. 23 60 Apr. 6 Selfridge Prov Stores, Ltd— American dep rets reg 6,000 400 500 16,725 1,400 7,650 870 200 500 85,900 Sentry Safety Control 800 Serrick Corp class B com * 1,800 Seton Leather com 51,625 Shattuck Denn Mining.-_.-_5 6,300 Shawinigan Water & Power..* 27,950 Sherwin-Williams Co com -.25 5% cum pref A A A 1,690 100 * 1,100 Sherwin-Williams of Can Shreveport Eldorado Pipe Line stamped .25 1,300 Silex Co (The) common * Simmons-Boardman 350 52,000 2,700 """960 800 110 "2",700 7,300 1,100 2,600 3,200 2,800 210 1,000 400 2,200 3,500 17,600 21,200 2,050 9,300 2,790 300 '"8", 166 1,950 1,600 300 650 14,600 21,700 350 6,400 1,000 Preferred A 4,200 South Penn Oil So West Pa Pine Lines 25 41 10 21% 150 250 $7 preferred * 1 Standard Silver Lead 1 Standard Steel Spring Co 5 Standard Tube class B 1 Standard Wholesale Phosphate & Acid Works 53. 2% ----- 1% Sale 4% 2 % Sale 30% 45% 1% 74 20 2 16 5% 2% 1% ft 1% 6% 4% 10 12 17 % 1% 7% 5% 13% May 3 May 14 May 10 May 11 May 10 97 May 1 112 May 3 9% May 10 23 8 May 21 14% May 10 We Jan. May 1 5 18 6 % May 28 3% May 21 May 31 10 65 May 28 106 May 21 5% May 29 8 % 1% 1% 23 o Sale We Sale 1% 2% 2 2% % 19% Sale 44 45 37 40 1% 70% 9% 4% Sale 3% 7% 2% Sale 15 Sale 20 1% Mar. 9 2% Mar. 13 8% Apr 12 6% Apr. 10 18% Jan. 31 100 4 Apr. 114% Jan. 10 11% Mar. 7 May 21 15% Apr. 16 Jan. 22% 4% 1 % 9% 108% Sale % 11% 19% 2% Sale 1% 1% Sal/® Sale Sale 12% 10% 1% 8 6 2% May 6 2% May 95 May 21 102 May 12 1% Jan. 1 May 9% Mar. 100 May 2 1% 15 18 27 21 22 22 28 21 1% May 1% May 4% May 2 May 30% May 29% May 44% May 1 % May 5 8 18 5% Sale 27 2 10 May May May May May 28 May 25 May 1% May 8 May 4% 7% 2 % 15% 5% 1% 20 1 8 21 22 16 21 22 15 18 23 1 % May 16 % 8% 7% 17 Sale 28% J* 1u 1% 2 9% Sale 1% 25 1% Sale 8% Sale May 22 15 6% May 21 15% May 23 1 8% 8% 16% 30 26% 98 105 102% % % We % % % 20 Sale We 8% 17% 23 6% 7 % We 7 21% Sale 1 1% 15% 24 28 155 3% May 1% May May 24% May 35 May 1% May 5 May 10% May 4% May 20 May 7% May 39% May 30 May 2% May 16 May 20 6 We 19 1 May May May May May May May May May May May May May May Jan. 2% Jan. 4 15% May 28 May May May May May May May May May May May May May 10 31 7 9% % 39% 1 1 6 8 2 27 4 21 2 1 9 15 15% May 28 1 1% % 6% 15% Jan. 8 Jan. Apr 3 19 Mar. 16 Jan. 23 Apr. 9 May May 1 1 Apr. 29 <5* Jan. 3 35 Jan. Feb. 24 2% Mar. 21 16 Apr. 2 1% May 8 May 2 22 20 14% Jan. 5% Jan. 28 May 11% May 19% May 41% 110% % We 170% 6% 11% 4% Feb. 4 1% May 6 1% May 15 £88 2 72 Mar. 22 Apr. 20 Apr. 24 Mar. 26 % Feb. 21 3 1% Jan. 4 2% Apr. 5 Apr 2 6 2% Jan. 2 30% Jan. 30% Mar. 12 46% Mar. 12 May 27 Apr. 2% May 7 105% Mar. 11 Jan. 66 1% % 7% 26 May 1 66 3 24 18 Apr. 95 10 Feb. May May May May 27 May 24% May 35 May 1% May % 1% 3% 1% 1 Sale 110 9% % 36% 9% Sale May 28 134% May 6 We Jan. 1% 1% 40* M? IK 5% Sale 32 16 8 167 39% 37% % 1% 56 May 1% May 174 39 Sale ft 1% 75 27% 5% 30% 7% Sale 107% — 100 4% 1% 1 25 20% Sale 10 ~ 29% Sale 30 % 32 2 12% - 30% 29% ..... 1% 11% 9% 20% 1% 11% % % 1% 3% 1% 1% 3% 1% 27% 25% % Sale 14 2 3 2 96 1% 1% May 15 May 18 1% 137% 105% 108 2% 19 Sale ■x 27% 2% Sale 12 26 Sale 1% 101 170 5 170 * Standard Products Co For footnotes see page common 14% 23% 4% 1% 133 154 ""5% ""5% 5 lass B % % 1% 6% % May 1 May 6% May 4 3% May 16 10 Sale 10 May Sale 97 65 68% Sale May 111% 112% 107% 108% 106 May 9% 11 4% 5% May 5% 20 Southland Royalty Co c 1% 2 25 300 Standard Brewing Co ._* 1 35,100 Standard Cap & Seal com Conv preferred 10 10,900 Standard Dredging Corp— Common 1 3,100 $1-60 conv preferred 20 900 3,550 Stand Invest $5% preferred. _* 10 43,300 Standard Oil (Kentucky) 25 55,900 Standard Oil (Ohio) com. 5% preferred .100 1,800 1 29,900 Standard Power & Lt com 400 4,300 1,900 11,600 * Spalding (A G) & Bros Inc 1 5% 1st preferred.. * Spanish & General Corp Ltd Am dep rets ord reg shs 400 £1 * 3,700 Spencer Shoe Corp 700 Stahl-Meyer Inc com * 1,570 16,300 28,000 24,800 1,500 370 Sale 14 1% % Sale /is 2 1% 7% 8% 6 5% Pub pref tf im el* 3,000 6,900 1,300 conv iH 1 % 7% 9 5% Sale 18% 18% 94% Sale 113% Sale 10% Sale H 975 150 Corp % 1% 192,700 Simmons II'ware & Paint Co..* 1 6,900 Simplicity Pattern Co! 1% 100 Simpson's Ltd B stock 100 152 2,300 SingerMfg Co Singer Mfg Ltd— Am dep rets ord reg shs—£1 900 260 Sioux City G & E 7% pref.100 500 Skinner Organ Co common—5 7,000 Solar Mfg Co 37,600 Sonotone Corp. 1 4% 5,000 Soss Mfg Co 1 16,900 South Coast Corn com 30 19,700 Sou Calif Edison 6% pref B..25 5% % pref class C 12,900 25 5% original pref. 980 —25 25 4,600 Southern Colo Power cl A 7% preferred 100 30 140 South New Engl Telep Co-.100 162 1,300 Southern Phosphate Co...-.10 10 4% 20,200 Southern Pipe Line * 2% 17,500 Southern Union Gas com 275 2,700 1,120 £1 1 1 2 May 22 Mar. 6 Jan. 23 May 21 May 23 May 8% May 8% May 16% May 26% May 102% May 1 We Jan. 2 2% Mar. 21 2 Jan. 4 % Jan. 23 16% Mar. 23 24 Mar. 15 2% Feb. 9 14 Mar. 15 11 Mar. 1 20% Feb. 15 41% May 8 110% May 2 Mar. Jan. 3 20 Mar. Jan. 27% Jan. 11 6 May .8 May Apr. 19*' May 1 Jan. 15% May 28 10 10% We 40% 1% Apr. 12 Jan. 15 Jan. 3 Feb. 8 21 Feb. 29 YORK NEW JUNE, 1940] CURB 49 EXCHANGE AGGREGATE PRICES IN MA Y SALES Since May Shares 50 6,100 * 4 35 ' l"950 1,200 500 32,400 900 2,200 Stroock 9,600 3,400 38,000 15,900 3,000 19,100 109,900 ■ 400 6,000 %i 9# 10# 12# Swan-Finch Oil 4# K 10 K Sale 13# 40 Sale 34# 35 K 30 — - 6 7 Sale 5K Sale 30 K Sale iH Sate* no* -J00 Sale 2 5 20 1 * MB * 60 * Sale Sale 15 111K 112# 2# Sale 21 20 K 14 13 K IK 56 K 58# Sale 5 IK 1# Sale 12 3# 36 9# 8# 2 2# 2# May 27 May 15 May May 15 May 2 May May 16 May 9 4# May yu May 21 Apr. 4 12 Jan. 12 2 May 21 Jan. 33 29 6 May 5# Jan. 1# Jan. 1# May 2 # May 3 18 23 15 18 27 1 25 21 23 16 % Mar. lit 8# 6 7 K 8# IK 9# 1 33 20# 7 # May 6# May 8 May 1# May 34 May 21 May 40 22# 7K 4K Sale Sale 8K 6K 1# 2K 15 21 15 18 22 3 18 25 21 23 16 21 28 7 # May 10# 10# 12# 1# May May May May 40 May 35# May 6# May 8 May 1 # May 5 IK Jan. Feb. Apr. 4# Feb. 38 Apr. 9# May 9# Apr. 5 62 20 15 23 16 24 2 8 Jan. 3# Feb. 12 4# Jan. 10 Jan. 16 8 2 19 10i Apr. 13# Apr. 15 Apr. 4 5 Jan. 2 2 33 Mar. 21 May 28 40# Apr. 25 36 Jan. 22 Jan. 13 15 13 6# Technicolor Inc common--—-* 610 Texas P & L 7% pref 11,300 Texon Oil & Land Co 26,500 Thew Shovel Co common 19,100 rilo Roofing Inc 800 Tishman Realty & Constr 1,500 Tobacco & Allied Stocks 16,500 Tobacco Prod Exports 36# — 11 1 —* 1 -1 Taggart Corp com Tampa Electric Co. Tastyeast Inc class A--Taylor Distilling Co--- 3 Sale May 2 May 36 May 6 May .5# May 1# May 1# May 38 K 6 38 Corp-———15 % May 57 12 3K 2# 35 6K X 9# 10# 12K 1# Sale Sunray Oil 534% conv preferred Superior Oil Co of Calif Superior Portl Cement A—— * Class B common * 3",900 " 2# Highest Sale Prices #6 May 21 11 Sale IK 2K IK 2# Lowest Sale Prices 45 10 Sale 8# 6 2 - ""*300 3# Highest Sale Prices # K 35 15 Sale 39 34 # 8 5# 1# 2# --5 * ♦ 1 1 50 25 (S) & Co Inc Sullivan Machinery Co Sun Ray Drug Co com " 250 Sale Lowest Sale Prices Ask 57 13 K 4 Stetson (John B) Co com Stlnnes (Hugo) Corp 3,700 2,000 4,150 7,900 6,500 70,699 4,450 7,600 % Sale 52 13 # Sale j May 31 Ask Bid Bid Sale 600 2,025 3,900 4,950 5,400 * 400 9,300 2,100 3,700 30,400 # 12 6% 1st preferred-—50 5% 2d preferred -—20 27,950 Sterling Aluminum Prod 1 4,800 Sterling Brewers Inc 1 13,400 Sterling Inc 1 25 450 500 1 1 * 9,000 Sterchi Bros Stores Inc 2,200 Ask | 1 May 1940 Par Bid STOCKS (Continued) 23,500 Starrett (The) Corp vtc 275 Steel Co of Canada ord 1,650 Stein (A) & Co com 6,100 1 Jan. 2 Jan. 1 Shares RANGE SINCE JAN. Price NEW YORK CURB EXCHANGE In 9K 5# 2# 25^4 6 May 14 6# May # 2# May 21 5# May 25# May 23 30# May # May 9 # May 1 # May 21 May 10 Sale 8# May 21 15# May 96 102# 103 May 22 112# May 11 2 2# May 15 2# 2# May 1 13 K Sale 21 12# May 21 May 3 9 10# Sale May 15 14# May 3 K IK 50 51 58 48# May 21 May 9 4# 4# 3# May 22 5#.May 8 c 9 May 14 6 2 3# 26# K 13 9 19 Jan. 6 2# May May Apr. 25# # # 8# Jan. 9# Jan. 36# # 1# 16# Jan. May 103 23 Jan. 6 Apr. 23 Feb. 8 Mar. 20 114 May 2 May 12# May 9 May K Jan. 48# May 3# May 2 Jan. 2 2# Jan. 8 24# Apr. 15 Apr. 8 1# Apr. 26 Jan. 59 26 5# May 8 Tobacco Secur Trust Co Ltd— Am 600 "2",350 360 ' 130 """700 13,900 6,100 4,400 Am dep rets def reg 300 5s 6,525 Todd Shipyards Corp * 880 Toledo Edison 6% pref -100 7 % preferred A 410 100 300 Tonopah Belmont Dev 10c 3,800 To no pah Mining of Nev-__-_l 29,700 Trans-Lux Pict Screen 23,800 Transwestern Oil Co com. 47,600 700 200 5,900 1.400 200 5,100 41,400 IK 64# 10K K K 70 72 K 107 107# Sale _1 * 1 8 Class A 1 7,850 13,800 Tung Sol Lamp Works com—1 80-cent div pref -_* 6,500 220.600 Udylite Corp 4,300 JUlen & Co series A pref Series B pref 700 25,600 Unexcelled Mfg Co Inc 3.800 Union Gas of Canada-- K 10 * 36 3# 8 7K Sale 6 K K ^ 11# 17 # Sale 3# 18# 700 69,400 2,500 50 93,700 7,500 4,800 330 20,900 4,200 28,200 350 17 Common ; 8,000 $3 cum partic pref 1,800 432,200 Un Cigar-Whelan Stores 33,000 United Corp warrants 750 United Elastic Corp 13K 59 — 10c 14 4 18K 14 K Sale * Sale Sale % Sale #« h 7# 8 1# Sale 105 105# Warrants 22,400 Common class B * 675 United Milk Products * Sale 24# 4K com. $3 participating preferred--* 52 # # 34 K 22 68 5K 78 35 K 26 K Am 10 1,700 720 4,700 34,900 400 1,700 1,700 22,600 6,600 2,800 3,300 18,600 500 40 1,900 51,600 reg 80 United N J RR & Canal—100 10,800 United Profit Sharing com.25c 10% preferred 100 11",900 dep rets lor ord 25 38,675 United Shoe Mach com Preferred ---25 2,700 1 21,600 United Specialties common 133,300 U S Foil class B 1,400 U S Graphite Co —* 5 __* common 12,500 U S & Internat Sec com 1st preferred with warr 9,965 * » 115,100 U S Lines Inc pref 1 44,000 U S Plywood Co common.. $1.50 conv pref 20 19,100 8,400 U S Radiator 50c 2 Universal Consol Oil Go 10 Universal Cooler class A -* 900 1,500 600 11,300 1,525 Class B "l'.eoo 550 4,306 350 5,500 50 2,400 16,300 300 1.300 8,400 100 ■ "2,300 1,700 3,000 1.500 2,300 —1 8 7,100 Universal Pictures com 7,250 Universal Products Co - 1 ...5 * com 5,100 Utility Equities common $5.50 priority stock 3,125 2,700 Utility & Ind Corp com 61 Sale 3# Sale 22 30 Sale Sale IB 22,800 Valspar Corp common 1 1$ 14# 4 2 15# 5 3$ 17 8 Sale 17# 9# 62 Sale Sale 57# Sale 40 Sale 6 Sale 7K 4# 3# 4# 4# 7 69 Sale 5# 27% 34# Sale 47# 2# Sale 22 Sale 28 2 4K aW Sale # 2# 11 4K IK 6 21 9# 5K a ,#8 Sale 13 K 5# 2# Sale 23 11K K Sale Sale 1# 54 1# 1. 18# Sale 13 K #8 IK 9K 26 K K 13# 28# 24 » 4# 5# 5# Class B 3,300 9,200 Walker Mining 2,500 Wayne Knitting Mills Co common * IK U * 6 Sale 85 12# 4K 7# Sale 8K ' 4 1 1 __5 13 2 it* 3# 55# 6# May K May # May 3# May 11# May 2K May 21 18# May 7 15K May 10 15# May May May May 7 # May IK May 108# May 8 1 % May 85# May 10 May 3 % May 8 36# May 3 1 26# May 74 May 14 o 22 23 21 29 21 28 23 23 23 7 »/6 May 15 1# May 21 4 K 2# 15 4 14# 1# 48# May May May May May May May May 15 22 20 27 24 21 22 28 39 , # IK 12 1 17 7# 3K 5# 4# 1# % 12 K 1# 8# 1# 5# 4# May May 1 # May 6# May 20 May 21 May 18 # May May May K May 63 May 7 May Mar. 6 Jan. Apr. 4 it Apr. 9 26 IK Apr. 15 7 3K Jan. 3 #8 Jan. Jan. 31 *8K 22 22 28 21 3# May 21 # May 21 # May 8 1# Feb. 19 7# May 22 2# May 21 14# May 28 64# Jan. 18 5# Jan. 15 10K 39# 3# 8 Jan. 3 Feb. 21 Jan. 20 Jan. 11 6K Apr. 29 i# Jan. 11 Jan. 1 3# 13# 3# 19# 64# 15# 8# May 5 22 6 29 8 18 10 16 May May Jan. Jan. Apr. Feb. Feb. Apr Jan. May 65 59# # # 6# Apr. 17 Apr. 24 1# Mar. 30 3 K Jan. ib % May 0 88 20 70 Feb. # 79 # # 16# Feb. 14 Jan. 4 108# May May Feb. May May May May May Jan. 89 Jan. 1# Jan. Jan. o 39 Apr. 27 Apr. 8 3 11 3 3 8 2 Mar. 27 74 5# Feb. 23 29 16 243# Feb. 20 IK Feb. 19 8 7# Apr. 3 3 18 83# Jan. 2 31 45 Apr. 27 7K Apr. 21 8 6K May 9 6# May 15 K May 70 May 5# May 27# May 34 K May 2 May 5# May 11 # May 21 4# May 7 3# May 3 May # May 52# May 1# May 19# J&n. 26 May 1 May 2# Feb. #« Jan. 4# Apr. 22 23 21 29 21 15 23 23 2 5 6 Mar. 6 # Apr. 11 2# May 3 74 May May May 45 6 # May 2# May 4 1 # 6# 23 K 7 21 2 70 K May May May May May May May May 53 27 1# May 21 15 20 3 10 15 1 10 8 K May 10 May 1 1# May 14 K May 23 1 # May 1 26# May 9 28 K May 10 1# May 2 84 May 4 12 May 3 May 15 May 21 4# May 17 5 May 21 21 Sale 6 4 May 15 # May 22 2# May 20 15 May 27 4 May 24 14# May 21 1# May 22 48# May 28 1# Feb. 27 # May 29 39 May 28 7# Feb. 20 8 Apr. 1 # Feb. 10 71 6 Mar. 21 Mar. 19 28# 35# 2# 5# K Apr. Apr. Apr. May 17 17 15 11 Jan. 11 Jan. 3 5# Mar. 26 2 Mar. 21 6# Mar. 25 24 Mar. 1 13 Mar. 25 23# Apr. 8 2 May 10 72 Apr. 23 1# Feb. 27 1 # Jan. 24 55# April 10 21 13 28 18 22 % Jan. 11 1# May 21 May 18 2# Apr. 20# Jan. 3 3 10 # May 21 4# % # 12# 2 May May May May May 23 15 22 28 14 5# May 7 1# May 2 K May 2 15# May 13 2 K May • 2 1# Mar. 27 Apr. 4 Apr. 9 1# Jan. 3 84 May 4 17 Jan. 25 29 21 May May May May 28 18 22 23 30 May May Apr. Apr. Feb. May May May May 15 21 17 26 6 6# Apr. 4 10 Apr. 74 Apr. 17 6 7 5# May 1# Apr. 29 1# Feb. 24 15# May 13 63 7 3 5 74 6# 1# K 12# 2# ' 115 6 7 7 May 16 May 4 75 2 Sale IK 1# % % 14# 15 K 2K 2# 70 109 #6 Apr. #6 Jan. # May 2 May # May z8# Jan. #6 Mar. 20 1 # 10 25 # # 60 # May 29 May 28 May May May 104 4K Jan. 239 May # Jan. 7# Apr. 54 May 39# May 3# May May 16 239 May 18 1 3# May 3 May # May 52# May 1# May 20# May 26 May 1 May 2# May 55 95 3 65 54 May 18 39# May 31 3# May 21 # Sale 75 » 1 1 83# U# 17 Sale 43 27 nl* 1 # K 25 75 8# May 7 May 14 May 2 7 # May 2 30 1# 1 Sale 8# May 59# May # May # May 7# May % May 88 May # May 79 May # May # May 16# May 20 k May 74 May % May 27 7# 5 38 10 K 9# May 15 4# May 4* 4* 1 % 69 K IK Sale IK 3# iB VA.l\ i3# 15 2# 2& Sale A* 52 „ Sale Sale 1# 3# IK 4* 72 22 3# May 21 # May 21 # May 8 1# May 24 7# May 22 2# May 21 14# May 28 239 19# 1 . 8Ks e*6 4# 1 IK 20 4# 53* Sale* 100 83 26 20 7% preferred 600 Wahl (The) Co common 4,000 Waitt & Bond Inc class A 53. 23# 18 5,400 Wagner Baking com vtc page 20 71 1 IK 52# Sale IK Sale Sale Sale 25 17,800 Waco Airfraft Co see 83 5 1,480 Virginia Pub Serv7% pref. 100 » 4,900 Vogt Mfg Corp For footnotes Sale 1 21 "lli Sale" 14 90# Sale com. 5 $4 conv pref 9,550 Van Norman Mach Tool 78,200 Venezuelan Petroleum 11,500 Wellington Oil 245# % I 6# 8K 73 K Sale 4^ 1 10c 1 5 Conv preferred 7 20,100 9,550 JUtil Power & Lt 7% pref—100 2,125 60 #6 Sale # Sale 4# 6K # * 39,500 Utah Idaho Sugar Co_ 6,900 Utah Pr & Lt $7 pref 100 Utah Radio Products " 4# Sale - 83,300 Universal Corp v t c 1,300 Universal Insurance 4K 240 4K ■"K 50c * 8,000 United Stores Corp com 112,200 United Wall Paper 400 9# 55 # # 77 K 73 44 "4 .1 common 1,200 U 8 Stores Corp com $7 conv 1st pref 180 ""300 300 '83K Sale" 14# Sale 21 , 29,200 U S Rubber Reclaiming---._* """loo 19,500 "H ""# 10 4 2# 14# 79 Sale Sale Sale Sale United Molasses Co Ltd— 1,400 8# # 88 85 * $0 1st pref 30,300 159,700 3# # #8 3# K Sale 460 United G <fc E 7% pref 100 109,300 United Lt & Power com A— May 17 May 1 May 16 May 2 10 Sale 26# 2 7 11# 65 K 22 28 21 #6 IK 2# K 49 15 K 61 Sale * 265,500 United Gas common $7 1st non-voting pref-28.500 1# 6# 14 28 22 15 4# May May 1# May 6# May 2# #8 # 7 K 23# May 22 72 May 7 May 21 106# May 13 May 24 115 May 1 May % May 2 May # May iB 1 2 7 56 ""6# Sale" 104 1 Sale 12 # Apr. 55 95 K o 3 * United Chemicals Inc— 1,500 #6 10# Jan. 20 % Apr. 25 76 Apr. 23 10# Mar. K 58# 100 108 5K 3 1 * * 10 * 900 Union Investment Co com 16,000 Union Premier Food Stores._1 25 Union Stock Yds of Omaha. 100 1 134,800 United Aircraft Prod-- 103 Sale 2# 33 Common . c 1K 2K K 7# 27,200 # 57 97# K Ks 10 - 10 K 10 K. 115 19,600 Tri-Continental Corp warr 200 Trunz Pork Stores Inc Tubize Chatillon Corp— 12,800 1,300 4,800 2,900 14 dep rets ord reg shs—£1 1# 3# # # 12# 2 15 22 28 14 12 2 4 Mar. 30 Feb. Jan. 17 22 NEW 50 YOEK EXCHANGE CURB AGGREGATE SALES STOCKS (Concluded) Par Bid % 1% .1-25 15,200 Wentworth Mfg (Jo 4% Western Air Express Corp 1 74,600 450 Western Grocery com Western Maryland Ry— . 330 1,450 * 20 10 Common 50 Westmoreland Inc 50 West TexasUtil 240 680 5,600 850 17,100 1,950 12,400 8,000 3,400 11,900 2,075 60 1% 5 _„_20 325 Westmoreland Coal Co 325 May Ask 15 * 17 5,300 2,600 1,400 4,100 2,000 4,500 2,100 200 39,800 153 654 654 1753 154 Sale 6 53 55 Sale Lowest 153 154 453 5 3 , Weyenberg Shoe Mfg Co Wichita River Oil Corp 1 10 Williams (R C) & Co Williams Oil-O-Matlc * * 1 Htg Wilson Jones Co com Willson Products Inc. . 654 554 653 2* 7 Sale 8 11 11% 31 1253 15 1053 454 Sale 653 6% 5s * 11% 1254 654 Sale 6,800 Am dep rets ord shs 129,500 Wright-Hargreaves Ltd_ 5 Sale 9954 254 753 554 9253 153 5 5 53 553 654 154 Safe 4 Sale 8 Sale 153 653 11 Sale 8 554 2 8 May 26 953 May 17 1053 May 17 10 55 May 9 1753 May 1 1154 May 13 1053 May 17 9 May 22 10054 May 253 May 10 154 May 18 7 15 May 10 354 May 5 54 May 4 554 May 13 654 May 1 4 May 21 154 May 1 54 May 18 8 May 1 554 May 24 11 May 1 754 May 28 92 Sale Sale 654 5 54 553 153 Sale 953 Highest Sale Prices 2 Jan. 3 1 May 18 353 May 21 31 11 753 Apr. 653 Apr. 16 Jan. May 18 5953 Jan. 6 14 May 26 953 May 17 1053 May 17 92 May 154 May 354 May 554 Jan. 4 May 54 May 554 May 754 May 1 1753 May 1 11% May 13 1053 May 17 102 Feb. 8 Jan. Feb. Feb. 2 , 253 7% 654 754 Jan. 19 15 19 Mar. 14 26 953 Mar. 23 11% Jan. 8 3 10953 11154 4 4 53 654 653 553 553 1053 May 18 14 953 1 Winnipeg Elec com cl B * Wiscoasin P & L7% pref_.100 8,100 Wolverine Port Cement-.--. 10 -.2 19,800 Wolverine Tube Co com 1 5,300 Woodley Petroleum Corp Wool worth (F W) Ltd— 16A May May 6 45 1153 7% 7 35 9954 !H Sale Prices 653 10 * * Lowest Sale Prices 1 May 18 353 May 21 Ask itier Co— $6 preferred W Va Coal & Coke com Highest Sale Prices May 31 1 Ask Bid 1053 """200 900 Bid 50 7 % 1st preferred 100 Western Tablet & Stationery— 670 450 1 Price Jan. 2 1940 6,500 13,100 RANGE SINCE JAN. PRICES IN MAY NEW YORK CURB EXCHANGE 98 96 10154 3 54 554 453 5 5 ., 5 1153 5 53 353 May 24 102 353 May 21 453 May 22 453 May 21 353 10 53 May t 10 3 54 . 2 353 May 28 4 May 17 May 8 6 53 May 10 553 May 3 1053 May 5 53 May 98 May 24 112 353 May 21 453 453 May 22 753 4 53 May 21 554 1053 Apr. 26 353 May 28 Apr. 4 Jan. Jan. 4 Jan. 22 9 12% Feb. 28 653 Jan. 5 BONDS— 238,000 42,000 82,000 43,000 61,000 843,000 Alabama Power 95,000 1st & ref 5s 218,000 1st & ref 5s 185,000 1st 5s 323,000 1st & ref os 3,041,000 Deb 6s 108,000 American 125,000 196,000 21,000 272,000 573,000 108,000 1,000 813,000 2,586,000 293,000 9,000 257,000 2,000 142,000 13,000 192,000 59.000 33,000 46,000 1,000 1,000 271,600 196,000 16,000 114,000 . 52,000 182,000 42,000 142,000 302,000 207,000 47,000 246,000 7,000 2,000 55,000 Assoc Gas & Elec 453S--1948 ^s deb 1968 178 000 2,709,000 3,000 2,241,000 11,000 209,000 1,861,000 458,000 88,000 185,000 43,0.00 40,000 4,137,000 1,681,000 565,000 326,000 1,000 1,254,000 709,000 139,000 Locomotive AConvertible 6s 763, 000 321, 000 577, 000 326, 000 687, 000 1,358, 000 1,515, 000 Works— 1950 Bell Tel of Canada 5s B-.-1957 Bethlehem Steel 6s 1960 1998 6s registered Birmingham Elec 453s Birmingham Gas 5s 1998 1968 1959 58 series C Broad River Power 5s A--1954 1953 Canada Nor Power 5s Canadian Pacific Ry 6s—1942 Central Power 5s ser D 1956 1957 Cent States Elec 5s__ 1948 Carolina Pr & Lt 5s_ 1954 Cent States Pr & Lt 553S--1953 Chicago 111 Midland Ry— 453s series A 1956 159, 000 783, 000 t AChic Rys 5s ctfs of dep._192? 121, 000 Cincinnati Street Ry 5538-1952 46 000 553s. 2553 2853 Sale Sale May 29 10353 May 29 10553 May 28 10553 May 15 10854 May 17 10654 May 9 May 13 May 9 May 3 May 3 141 Sale 9754 9454 10053 Sale Sale Sale 104 54 10554 10454 10853 Sale Sale 121 May 1 9054 May 25 104 97 May 16 10254 May 10 Sale 125 10853 Sale 12753 130 98 54 May 29 10353 Apr. 10 10553 99 May 28 10653 105 May 15 109 10453 Feb. 27 10753 104 Apr Jan. Jan. 16 19 19 Feb. 28 Jan. 15 . 10353 May 13 10553 May 6 106 54 May 14 10853 May 123 May 22 12753 May 1 10 9054 May 25 10553 Jan. .97 May 16 10353 Apr. Feb. 10353 May 13 108 10654 May 14 11153 Jan. 123 129 Jan. May 22 127 10554 106 5353 Sale 17 10353 4154 18 .11 11 .1154 May 25 13 Sale 12 10 17 Sale 12 17 1054 1853 11 1753 1754 53 7253 Sale 107 10753 10454 110 Sale 10454 90 10153 103 90 96 54 9 7 54 118 Sale 11154 Sale 11254 114 14953 151 10 Sale May 21 May 15 May 22 1154 12 17 54 May 6 1 1353 May 17 May 8 1 1154 May May 10 May 10 May 16 54 Apr, 1053 May 10 May 53 May 104 53 May 103 53 May 9553 Jan. 92 53 Jan. May 53 May 10453 May 58 105 10353 May 101 May 96 54 May 106 100 100 16 May May 10 May 4 May 1 May 2 110 May 1 101 May 14 9654 May 10 10 95 May 21 13053 May 9154 May 31 11154 May May 9054 May 31 112 140 May May 24 152 10654 Sale 9154 Sale 9054 Sale 13853 145 3853 May 24 9954 Sale 7853 81 10653 Sale 9953 Sale 3853 Sale 38 Sale 7454 Sale 10453 10554 4653 Sale Sale 93 Sale 90 98 Sale 9154 Sale 91 98 97 10154 10254 8754 7553 10453 101 3653 36% 7754 104 40 88 ' 93 8553 9154 ...1966 77 79 7653 92 6753 Sale 62 7553 10354 Sale Sale 9653 2653 3753 3754 Sale 2753 6754 9953 May May 24 98 54 May May 21 May 16 10253 May Sale 6753 May 64 Sale 64 10353 9553 9753 25 53 29 Sale 2553 Sale 6453 May 10554 10354 10454 10353 May 21 10454 May Sale 8754 93 53 Sale 44 Sale 37 77 80 78 May 23 May 21 77 84 91 May 7153 73 70 47 10353 9553 2553 25 53 6453 8 7 May 21 7854 May 3 Jan. 3 Apr. Jan. 4 2 Apr. 13 Jan. 4 Jan. 2 Feb. 8 130% May 10 116 117 Jan. 9 Jan. 24 152 May 7 Jan J 29 Jan. 139 May May May 10354 Apr. 9953 May 9 9953 Jan. 20 2 28 10053 Jan. 10 83% Jan. 25 24 16 107% Jan. 16 23 101% Apr. 10 41 Jan. 8 21 22 4153 Jan. 8 83 May 22 Apr. 5 10353 May 21 106 37 78 May 23 May 21 3 90 Jan. 4 9 70 Jan. 31 May 27 3 8654 May 9154 May 97 Jan. 6753 May 64 May May May May May 8754 May 7553 May 10453 May 101 May 3754 May 3754 May 78 May May May May May May 91 9 8 107% Mar. 30 110 Apr. 12 105 Apr. 8 9854 Apr. 4 95 90 3 Mar. 29 6253 Jan. 75 3 9 8 8 3 2854 1653 2654 16 53 34% 28% May 91% May 9054 May May 7, 140 10, l1 Feb. 16 30 10 139 9854 9 127 102 53 May 22 108 1553 1654 7254 10753 1053 May Feb. 7 2 10253 May 22 10653 May 3853 May 24 5353 May Sale Sale 10 1754 1955 68 series B 278,000 Cities Service 5s 5s registered 11653 11753 11553 Sale 11654 117 9253 10353 Sale 102-54 103 86 49 Jan. Jan. 8 17 93% Mar. 23 9553 Mar. 14 80 Jan. 7853 6953 7753 7053 76% 9253 9253 Jan. 8 Mar. 15 Jan. 8 Feb. 19 9 Jan. 4 Jan. 4 Jan. 8 1966 Conv deb 5s .1950 5s registered 1958 7654 Sale" 75 7053 Sale 65 53 May 21 9 6553 May 21 6953 Mar. 15 75 Sale 74"" Sale" 7054 Sale 66 May 22 7653 May" 2 66 74 Sale 70 71 67 May 21 76 May 8753 8754 Sale Sale 8053 Sale 82 Sale 2 9 9 Sale 7753 May 1950 5s 980,000 361,000 3,340,000 1,528,000 225,000 2,000 16,000 .1957 1,253,000 Community Pow & Lt 6s Conn Ltg & Pow 7s A .1951 13,000 Oonsol Gas of Bait 4^s__. .1954 42,000 58,000 37,000 31,000 104,000 99 Sale Sale 9854 10453 10454 104 10553 10453 99 10053 102 10453 Sale 105 10553 Sale 10753 Sale 10453 10553 Sale 10654 107 103 84 243",000 180,000 840,000 14,000 319,000 10553 10754 Sale 107 10753 5s registered 1968 *4Ms series C ...1949 2654 Sale 4 53s registered 1949 34 Sale *5^8 conv deb 1977 ♦Conv deb 5s 1950 2853 Sale 7253 Sale Assoc Tel & Tel 553s A—.1955 Atlanta Gas Light 453s—1955 10654 109 Atlantic City Elec 3%s.__1964 10653 Sale 9453 9553 Avery (B F) Sons 5s w W-.1947 9153 9253 5s ex-warr 1947 1,000 1,492,000 3,000 702,000 31,000 43,000 105 104 Appalachian El Pow 453s-1948 10753 Sale 11153 1st mtge 4s —1963 111 129 Appalachian Power 6s 2024 126 6s A registered 2024 Arkansas Pr & Lt 5s 196b 10654 Sale 6053 Sale Associated Elec 453s 1953 2,491,000' 7,842", 666 506,000 Sale 104 2016 10453 Sale 99 101 Seating 6sf stpd_1946 Baldwin 2,365,000 766,000 271,000 124,000 10254 American Power & Light— 837,000 24,000 194", 000 1967 1956 1968 1946 1951 453s 5s registered 1949 553s gold deb Jan. 30 68% Mar. 13 1958 6s 1969 Cities Service P & L 553s_1952 76 7453 9153 Sale 9254 Sale Sale 12654 12953 9653 Sale 13453 136 12653 127 10753 10754 10953 11054 11053 9254 132 140 85 7654 May 23 7554 May 23 Sale 127 130 125 128 9153 May 9154 May 81 May 21 9754 May 9 May 29 13554 May 11 12453 May 21 12654 May 11 127 . 66 Jan. 31 76 54 May 23 75% May 23 81 97% May May 21 127 May 29 135% May 11 12453 May 21 127% Jan. 24 Consol G E L & P Bait— 322,000 152,000 .1969 3s series P 3%s series N .... .1971 .1943 .1958 JSt* 92 .1944 60 1,025,000 Cudahy Packing Co 3 %s_. .1955 96 6s A stamped 899,000 Continental G & El 5s 3,659,000 Cuban Tobacco 5s 80,000 ... Delaware Elec Pow 553s—1959 161,000 ADetroit Int. Bdge 653s»_ 1952 250,000 ACtfs of deposit 266,000 A25-yr s f deb 7s 1952 294,000 1,406,000 89,000 726,000 9,000 17,000 102,000 4,019,000 432,000 2,331,000 118,000 79,000 347,000 8,000 25,000 15,000 61% Sale 10653 5 53 654 4 Eastern Gas & Fuel 4s A-.1956 Edison Elec Ilium 3538—1965 Elec Pow & Lt 5s 2030 Elmira Wat Lt & RR 5s.. 1956 7753 11054 8053 El Paso Elec 5s A 1950 Empire Dist Elec 5s 1952 105 105 8853 Sale 93 Sale 6153 Sale 9854 Sale 78 83 Sale 75 Sale 80 49 55 50 9553 96 95 10554 10653 104 454 653 Sale 4 54 653 Sale 53 53 Sale . 553 5 53 53 104 5 May 22 109 May 10 May 28 11053 May 8 Sale 7454 10853 108 70 7053 7 1 54 11054 11153 110 107 4953 32 109 26 Sale 11053 108 Sale 10053 Sale 93 Sale 45 27 108 103 10453 10453 10253 104 Sale May 28 May 28 May 21 May 20 May May 4 May 53 May 8054 105 Sale Sale Sale Sale Sale Sale Sale 10454 10553 10353 104 105 105 Jan. 30 May 22 109 May 28 11153 Apr. 29 90 May May 6153 May 9953 May 8 94 22 106 16 653 22 653 21 53 May 10 May 1 May 1 May 1 May 22 8553 May May 20 111 May 75 80 8 8 9 9 83 May 18 May 8 May 23 11953 May 8 103 May 17 105 May 13 10154 May 22 105 May 9 50 93 May May May Feb. 28 28 21 26 90% Mar. 12 94 May 61% May 99% May 8 8 8 May 22 107 6% May 16 6% May 22 1, May 21 Jan. Apr. Apr. Jan. 20 74% May 22 8553 May 20 112 70 May 18 8453 110 May 23 120 103 May 17 106 101% May 22 105% May 9 Jan. 4 Apr. 3 104 5 4 108 22 19 8 Mar. 29 Apr. 5 Jan. 25 Ercole Marelli Elec Mfg— 109 Federal Water Serv 5538—1954 99 ' Sale Sale ----- 1967 66,000 1 119 66^000 Erie Lighting 5s 633 000 10853 105 10553 Sale 8253 11053 8253 11954 1953 3,000 Sale Sale 106 653s 162,000 108 Consol Gas Utilities— 4354 111 Sale Sale 32 May 1 May 31 10953 May 17 2553 May 31 108 89 May 22 101 41 May 22 3054 May 2 47% Mar. 15 May 31 109% Jan. 9 108 7 89 May 22 10153 Apr. May 22 22 Jan. May 6 Finiand Residential Mtge toe footnote 6s stamped see page 53. 1961 2053 2353 2653 5053 41 3 57 Apr, 6 AGGREGATE SALES PRICES IN MA Y Since May _ curb exchange $ $ May 1940 1,099",000 BONDS (Continued) 7s_195< Bid Ask AFirst Bohemian Glass 656,000 Florida Power Co 4s C....1966 2,046,000 Florida Power & Lt 58--.-1954 1,000 121,000 195,000 4,000 7,000 200,000 2,000 125,000 486,000 16,000 98 % 104 . 1,254",000 8,000 21,000 16,000 38,000 23,000 2,000 234,000 123,000 23,000 144,000 44,000 28,000 Gen Bronze conv deb 6s. .1940 .1953 Gen Pub Serv Co 5s Gen Pub Utilities 6 %• A. .1956 * Gen Rayon Ltd 6s A... .1948 Gen Wat Wlcs & El 6s A. .1943 iGesruerel 6s Glen Alden Coal 4s. "80" "8i}i 98 H Sale 98 % Sale 74 76 96% Sale 1965 — Gobel (Adolf) deb 4%s.. .1941 Grand Trunk West Ry 4s 1950 Great North Pow 5s stpd- .1950 Green Mountain Pow 3 %s_1963 66 % 17 71 75 % 78% . 39,000 23,000 ~I"5",566 4,000 AHamburgElec Co 7s .1935 iHamburg E & Und Ry 5%s'38 Heller (W K) & Co 4s w w.1946 Houst Gulf Gas 6%s x w—1943 6s... Houston Lt & Pr 3 Ms 60% Sale Sale Highest I Sale Prices Lowest Highest Sale Prices Sale Prices Sale Prices May 21 104% May May 22 105 May 99 100 14 102% 102% 103% 104 7 1 98% Jan. 2 104% May Apr. May 27 105 Jan. Jan. 4 103 7 Sale Sale 35 76 67 76 Sale 71% 70 Sale 62 Sale Sale 64 Sale 78 79 41 46 % 103H 103% 151,000 384^000 Jacksonville Gas 5s stpd--1942 201,000 Jersey Cent P A L 5s B—1947 353,000 4 %s series C 1961 4,000 43,000 38,000 Kansas Electric Pow 3%s.l966 106,000 Kansas Gas A Electric 6s. .2022 105% 106% 45 % 105H 125% 127 7 65 May 29 32 70 May 106 May 99% May 52% May 49 May May 10 70 68 65 74 68 100% 90% Sale 100% Sale Sale 101% Sale 101 106% 106 98 Sale 100 93% Sale 96% 93% Sale 60 Sale 57 Sale 59% Sale 34% 34% Sale Sale 55 105 61%. Sale 20 26 20 26 20 26 65% Sale 53% Sale 43% Sale 33% Sale 103% 104 104% Sale 102% 104 104% 106 108 107 107% 107 35 41 49% Sale 37 May 21 May 17 87 107 Sale Sale 31 Sale > 56,1 60% 105 75 76 May 25 107% May 23 101% May 22 106% May 24 107% May 22 105 May 31 100 May 22 73% May 24 73% May 21 72% May 15 105% 21% May 24 May 22 May 51% May 29 May 103 May 103% May 107 May 38 May 30% May May May May 29 42% Jan. 15% Feb. 7 16 102% Feb. 9 103 May 14 103% 100% May 22 105 106% May 14 111% 100 6 4 May 14 May 8 May May May May May May May May 20 21 34 May 20 34% May 15 35 May 24 68% May 24 45% May 28 104% May 27 104% May 10 7 107% May 3 35 50% May 2 20 37 May 1 48% 38% 40% 39 May 23 49 May 103% Sale 102% May 1 103% May 102% Sale Sale 103% May 28 104% May 104% 104% 104 48 106% 110 127% 129 26 5 Mar. 15 Jan. 11 Jan. 3 Mar. 5 Apr. 19 35 106 30 108 H 110 48 45% 26 75% May 9 91 Apr. 22 Mar. 13 10 78 21 108% Mar. 19 21 105% Feb. 24 63% Apr. 25 31 Apr. 4 9 53 66% May 28 70 Jan. 31 88 40 108 72% Sale 105% Sale 34 Iowa Pow & Lt 4%s A... .1958 Isarco Hydro-Electric 7s. .1952 105 68 46 H Sale 65% 48% Sale 105 % Sale 105% 106% 38 106% 100% 106% 107% 104% 99% 68% 43 % Sale Iowa-Nebraska L A P 5s. .1957 .1961 5s series B 30% 75% May May 75% May 21 107% May 21 105% May 31 63 May 9 49 May I! 10' 4 103% May 24 107% Mar. 28 Mar. 19 59 May 27 75 35 35 103% 100 103% 100% 103 May 14 103% May 103% 103% 101% 102 100% May 22 103% May 111% 112% 107% 107% 106% May 14 111% May Sale 103 99 % 26 May 27| 73% May May May May May May May May 4 81 14% 65% 108% Sale 97 98% 104 % 105 105% Sale 103% May 24107 59 May 50 Sale 100 Apr. 10 97% May 24 102 60 May 29 87% Feb. 24 4 100#a» Apr. 22 Jan. Feb. 28 95% Jan. 22 102 83 5 May 21 100% Jan. Jan. 24 70 May 18 75 89 Apr. 4 May 22 101 80% May 100% May 4' 99% May 21 100% May 18 74% May 22 99% May 2 102 66 % 41H 49 44 Italian Superpower 6s.-- .1963 72 94 24 101% May 29 103 50 Int Pow Sec 6 %s series C. .1955 .1957 7s series E .1952 7s series F .1957 Interstate Power 5s .1952 Debenture 6s . 66 50 210,000 191,000 366,000 2,019,000 622,000 195,000 75,000 137,000 286,000 584,000 Indianapolis P & L 3 %s. 90% Sale 68 66% 90 81 89% 60 70 70 75% 107 H 110% 106% 112 106 104% 105% 99% 100% 99% 62% Sale 52% Sale 52% 49 49 50% 50% 34% 34,000 36,000 54,000 418,000 114,000 50,000 21,000 8,000 39,000 172,000 .1963 Alndianapolis Gas 5s A... .1952 '92% 166" 97% May 60 May 100% May 99% May 83 May 70 May 89 May 73 14 108% .1950 Sale 87 33% .1968 .1953 .1956 Sale 60 Sale 50 30 111 Indiana Hydro-Elec 5s A. .1958 Indiana Service 5s 1st lien & ref 5s "62" 99 11 15 Idaho Power Go 3%s_... .1967 Illinois Pow & Light 5%s. .1957 .1954 5 %s series B ... 81 17 50 215,000 728,000 709,000 1,018,000 1,429,000 207,000 612,000 627,000 167,000 353,000 31,000 29,000 Ask 106% Sale 104% Sale 72 56 59 74% 43 91,000 100,000 159,000 239,000 295,000 61,000 148,000 162,000 19,000 116,000 5s series O Sale 104% . 68 series A__ Sale 101 Sale 79% Sale 100% Sale 99% 100 99% 99% 74 76% 99 Sale 40 1943 sHungarian-Ital Bk 7%s..l963 149",000 Hygrade Food 6s ser A 1949 29,000 6s series B. 1949 . Lowest May 31 103H 103% 100 104 % Sale' 101% 47 1966 — Sale .--- 107% 110% _ ii",66o 1 Ask Bid 103 Sale 1967 106% Sale 1978 ..1953 Grocery Store Prod 6s 1945 Guantanamo A W Ry 6S--1958 Guardian Investors Corp— 203,000 5s series A 1948 2,000 54,000 53,000 254,000 124,000 Bid 1954 5s registered 1,505,000 Georgia Power ref 5s 245,000 Georgia Pow & Lt 5s 508", 000 13,000 Sale Gary Electric & Gas— 366,000 .1944 100% Sale 5s ext stamped .... 374,000 Gatineau Power 3 %s A.. .1969 683,000 57,000 961,000 7,000 459,000 1 Jan. 2 Jan. 1 264",555 RANGE SINCE JAN. Price new york In 51 CURB EXCHANGE NEW YORK June, 1940] 7 4 7 102% 110 102% May 22 102% May 22 117 120% 117 May 21,127 May 13 66% Jan. 67 Jan. 2 4 81 Apr. 10 79 Apr. 8 May 25 109% Feb. 15 87 8 May 23 101% May 98% May 22 107 Apr. 11 101 May 24 107% Apr. 26 May 3 96% May 22 105 106 93% May 57 May 56 May 60% May 105 May 31 100 Jan. 22 73% May 21 % May 21 May 20 24 22 May 51 % May 29 May 103 May 103% May 107 Apr. 38 May 30% May 2 6 73% May 6 21 78% Apr. 8 15 109% Jan. 22 24 15 24 24 43% Jan. 16 2 49% Jan. 4 47% Jan. Apr. 15 11* Jan. 3 28 106 % Jan. 12 Mar. 11 271106] 109] 52 42 Jan. 5 Apr. 25 Mar. 1 May 23 53% Mar. 11 102% Apr. 25 105 Feb. 3 103% May 28 105% Feb. 3 39 102 % 117 May 22 107% Mar. 28 May 21,127% Apr. 20 Lake Superior 42,000 94,000 Dist Power— 3H% series A.. 1966 ALeonard Tietz Inc 7%s..l946 73,666 227",000 105% 106% 15 40 1940 103H 104% Long Island Ltg 6s 122,000 548,000 Louisiana Pow A Lt 5s.—-1957 19,000 AMansfield Mining A Smelt— 7s ex-warrants 1941 41,000 McOord Rad A Mfg 6s 1948 3,000 31,000 29,000 51,000 31,000 12,000 107 % 25 17 70 66 Memphis Comm'l Appeal— Debenture 4%s 98 35,000 100% 1952 139,000 Mengel Co 4 %s 1947, 86% 90% 1971 107% 109% 108,000 Met Edison 4s series E 4s series G 1965 108 132,000 110% 112,000 Middle Sts Petrol 6%s A- -1945 100 % Sale 146,000 Midland Valley RR 5s 1943 67% Sale 151,000 160,00 78,000 83,000 190,000 30,000 58,000 560,000 603,000 251,000 625,000 732,000 136,000 468,000 Milwaukee G L 4%s—-—1967 Minn Pow A Lt 4%8— 1978 1st A ref 5s... —.1955 75,000 63,000 146,000 11,000 19,000 37,000 13,000 105,000 339,000 437,000 506,000 51,000 65,000 204,000 88,000 932,000 Nassau A Suffolk Ltg 5s... 1945 Nat Pow A Lt 6s A 2026 14,000 322,000 46,000 1,087,000 378,000 1,041,000 1,331,000 1,564,000 44,000 New Amsterdam Gas 5s..-1948 37,000 195,000 185,000 469,000 20,000 23,000 75,000 96,000 68,000 76,6OO 20,000 38,000 21,000 110,000 42,000 28,000 79",000 Sale Mississippi Power 5s 1955 Miss Power A Light 5s Miss River Power 5s 1957 Missouri Pub Serv 5s 1951 A—1960 2030 t ANat Pub Serv 5s O O D.1978 Nebraska Power 6s. 2022 Deb 5s series B.. 4%s 1981 Neisner Bros Realty 6s—1948 Nevada Calif Elec 6s 1956 - For footnotes see 96 - Nippon Elec Pow 6 Ms 1953 Nor Amer L A P 6Ms A... 1956 North Boston Ltg Ffcop 3%s '47 Nor Cont CJtil 5%s A ...1948 Northwest Elec 6s stpd—1945 Nor'west Pub Serv 5s A—1957 page 53. Sale Sale Sale Sale Sale Sale Sale 99 % Sale 111% Sale 107% 26 124% 107 24 X 121 108H 105% 79 % 121 New Eng G A Elec Assn 5s 1947 68 % 5s 1948 67 H Conv deb 5s 1960 68 New Engl Pow Assn 5s 1948 98 % Deb 5Hb 1954 100 H New Eng Pow Co 3 Ha A..1961 107% New Orleans Public Serv— 5s stamped--.. 1942 130,000 A6s series A 1949 341,000 215,000 AN Y Pa A O RR 4 %sstpd 1950 1980 476,000 N Y State BAG 4%s 4 Ms registered 1980 1,000 3 Ms 1964 166,000 40,000 N Y A Westchester Ltg 5s. *54 482004 77,000 118,000 376,000 294,000 133,000 1,000 246,000 100 % 102 % 106 103 103 % 110 108% 107H Sale Sale Sale Sale Sale Sale Sale 108H 107% 107% 105% Sale 15 40 104% 105 107% Sale 104% May 22 107% May 2 104% May 22; 108 Apr. 8 103% 105% 103% May 23 105% May 103% May 21 107% May 106% Sale 8 103% May 23 '106 103% May 21 108 Jan. 16 11 7 40 12 17 72 Sale Jan. 50 60 1 60 May 22 6 60 99 May 22 101 % May 100% 101% 98% 100 6 81 May 29 94% May 93 94%! 81% 85 6 109% Sale 1107% 107% 107% May 27 109% May 1 108% May 14 ill 109 Sale 108% Sale May 10 92% May 28 99% May 99% Sale 92 93 1 May 17 67 May 6 65% 67% 59 59% 61 99 68 103% 103% 106% Sale Sale Sale 103 104 104% Sale 109 Sale 95% Sale 99 Sale 99% Sale 102% 104 96% Sale 99% Sale 109 110 86% Sale 98 98% May 23 104% 98% May 22 103% 102% May 24 107 96 May 22 104 97 May 23 104% 108% May 16 110 86% May 31 96% 111% Sale 107% Sale 26 24% 127% 128 111% 111 May May 9 May 6 May 9 May 7 May 8 May 23 May 9 96 29 100% May 109% 111% 109 101% Sale 101 22 112% May 24 107% May May May May Sale 21 21 May 120 May 112% 127 Sale 111 110% May May 109 109% 105% 109% 108 Sale 62 May 73 79% Sale 99% Sale 70 95 121% 122% 115% 117 53 Sale 68% Sale 51% 54 68% 67% 53 Sale 67% Sale 91% Sale 98% Sale 93 Sale 100% Sale 105% 107 108% 110 115 51 52 51 May May May May May May May 20% Mar. 23 28 May 28 May 108% Jan. 106 Jan. 62 115 May 10 May 9 May 25 122% Jan. 24 71% Jan. 23 71% Jan. 28 71 % Jan. 22 99% Jan. 31 100% Jan. Mar. May 28 110 May May May 51 May 88% May 93 May 51 68% May 68% May 99 May 100 % May 109% May 13 100% May 15 100% 100% Sale 100% Sale 97 May 23 103 % 99% Sale 102% 103% 91 May 28 95% 90 91 93% Sale 103 103% 102% May 25 103% 103 % Sale 100% May 8 112% Apr. 11 3 107% Apr. 26 May 3 128% May 4 111% May 14 110 Mar. 29 Mar. 29 83 120 25 121% May 24 69% May 88 % May 22 93 May 31 105 96 101 14 May 13 May 1 71% Apr. 23 98% May 23 104% May 9 98% May 22,103% Mar. 1 102% May 24 107 May 9 96 May 22 104% Mar. 15 97 May 23 104% Apr. 3 11 110% Feb. 20 108% Apr 86% May 31 98 Jan. 4 109 31 26 May 22 128% May 27 111% May 15 109 21 80 May 22 May 22 101% Apr. 20 81 May 29, 95 Apr. 18 107 Feb. 20,109% Jan. 19 108 Jan. 4(111 May 10 92% May 28 100% Jan. 10 61 May l7 70 Jan. 4 52 105 100% May Jan. 6 9 9 9 9 8 8 102 % Sale 79% 81 Sale 105 108% 109 112% 104% 55 114 106% 65 102% 104 Sale 1043 46 103 105 48 106 Sale 60 Sale Sale 104% May 28 108% May" 8 104% 107 111% 113% 113% May 21 114 May 10 102 May 14 106% May 102% 104 1 52 52% 45% Sale 33 Sale 105 40 105% Sale 101 Sale 102% 105 May 10 May 8 5 6 Sale 97 Sale 104 52 94 104 101 40 May May May May 13 60 May 1 22 102% May 10 22 105 % May 4 20 45% May 1 May 27 106% May 8 102% Mar. 102% 103% 95% 105% Jan. 10 104 102% Sale 104 Jan. 4 109 Apr. 22 97 May 81 Jan. Jan. 104% May 113% Feb. 102 May 52 94 104 40 103 101 May May May May Apr. May Jan. May 10 114% Mar. 28 1 106% May .13 22 22 20 5 27 65 103 106 Mar. 12 Mar. 25 Jan. 12 49% Jan. 10 Apr. 5 106% Feb) 29 103 YORK NEW 52 EXCHANGE CURB AGGREGATE NEW In May Jan. 2 Jan. 1 $ 1940 BONDS Bid (Concluded) May Ask Ogden Gas (Jo 5s 1945 110% 113 Ohio Power 3 %s Ohio Public Service 4s 1968 108% Sale 1962 109 Sale 79,000 34,000 219,000 587,000 669,000 219,000 135,000 O da Nat Gas 3 %s B 1955 C'daPow & Water 5s A—1948 107% 103 Sale 103% 51,000 67,000 235 ,000 Pacific Gas & Elec 6s B—1941 1948 199 ,000 Pacific Investing 5s A 109% Sale 62,000 211,000 178,000 524",000 82,000 61,000 97,000 12,000 91,000 680 ,000 30 ,000 174 ,000 17,000 49,000 91,000 71,000 115,000 19,000 3,000 184,000 330.000 20,000 32",000 58,000 22,000 21",000 1942 5s__1955 Lexington Bldg 3s—1964 44 ,000 Pacific Ltg & Pow 5s 2,249 ,000 Pacific Power & Light 36 ,000 1,430 ,000 94 ,000 253 ,000 314 ,000 168 ,000 275 ,000 72 ,000 41 ,000 895 ,000 1,239 ,000 545 ,000 343 ,000 20,000 336,000 5 ,000 1,100 ,000 '291 ,000 44,,000 205,,000 76,,000 18,,000 149,,000 4,,000 Park Penn Cent Lt & Pow 4%s_1977 1979 Penn Electric 4s series F--1971 5s series H 1962 Penn-Ohio Edison 6s 1950 5%s series B 1959 Penn Pub Serv 6s O 1947 5s series D 1954 Peoples Gas Lt & Coke 4sB_'81 48 series D 1961 Phila Elec Power 5%s 1972 Phila Rapid Transit 6s 1962 Piedmont Hydro-Electric Co— 6%s series A 1960 Pittsburgh Coal 6s 1949 Pittsburgh Steel 6s 1948 APomerania Elec Co 6s—1953 Portland Gas & Coke 5s.-1940 5s certifs of deposit 1940 5s stamped. 1950 5s Potomac Edison 5s ser 1 Price YORK CURB EXCHANGE Since * RANGE SINCE JAN. PRICES IN MAY SALES E__1956 1961 4%s series F 93 94 110 112 93% 43% 102% 103% 104% 107% 109% Sale 104% 106 109 Sale Sale 107% Sale 107% Sale 106% 107% 95% Sale 98 97% 113% 114% 95% 94% 43% 46 104% 104% 100 12% 83% 82% Sale 30 Sale 83 108% Sale 110 111 88 1954 14 49% 1 108% 94% 109% 95% Ask Sale Sale Sale 90 n29 Sale 25% 43% Sale 105% 103 106% 106% 100 99 99% Sale 102% Sale 12 30 7 13 90 92 79 84 78% 75 78 108 108 Sale 108% Sale 110% 107% 110% 109 54 47 Sale 79 61 30 13 81% 16 52 66 7 132 111% 109% 108% 108% 104 May May May May May 107% May 23 111% 103% May 24 109% 103% May 28 109% 104% May 28 109 100% May 29 105 106 108% 108% 107% 107% 106% 98% 100% 114% 102% May May May May May May May May May May May May May May May May May May 20 45% May May 29 106% May May 18 102% May 8 14 10 3 11 1 3 7 2 17 6 6 9 8 1 51% Feb. 13 22 89% May 87% May 5 25 97% Jan. 11 2 22 43% Jan. 22 104% Apr. 6 28 107% Mai4. 23 21 106 May 11 23 108% Feb. 3 28 109% Apr. 23 2 15 107% Mar. 24 108% Jan. 9 24 108% Feb. 16 25% May May 99 May 48% Mar. 8 106% Apr. 11 102% Apr. 25 29 98% May 31 100% May 20 115 103 Jan. 14 Jan. 94 J78% May 83% Feb. 3 76% May 108 Feb. 22 102% May 7 May 15 109% May 10 May 10 109% May 6 86% May 40 May 97% May 102 May 100 May 104% May 104% May 102 May 106 May 105 May 91 May 95% May 110% Mar. 92 May 14 May 22 Jan. 26 May 9 Mar. 15 Apr. 10 107% May 27 110% Jan. 87% May 31 97% Apr. 109% Apr. 22 112 Jan. Mar. 6 6 1 9 12 1 Jan. 90 5 Apr. 16 Mar. 4 109% May 10 May 10 110% Jan. 9 Feb. 1 53% Apr. 29 63% May 28 91% Jan. 10 14 Jan. 13 15 Feb. 19 109 50 15 125 Highest Sale Prices 96% 42% 104% 106% May May May May May May May May May May May 76% May 28 109 50 Lowest Sale Prices 107% May 27 108% May 95% May 87% May 31 111% 104% 111% Sale 86% 88% Sale 40 4442 40 43% 97% 103% Sale 98% Sale 102 103 101 105% Sale 100 105% 105% 100% 103 105% 105% 104% 108% Sale Sale 104% 110% 105 108% 102 106% 106% 102% Sale 106% 108- 106 107% 109 105 103% 106 106% 108 91 91% Sale 97% Sale 95% 95% Sale 98% 99% 111% 112% 114 112% Sale 92 Sale 102 93% Sale 88% 23 24 28 28 29 Highest Sale Prices Sale Prices 107 % May 107% 111 103 % May 104% Sale 103% May 106 Sale 105 105% 104% May 100% May 100 102 108% 107% • Lowest May 31 Ask Bid 111% Sale 109% Sale 108% 109 108% 109% 103 104 % 86 Potrero Sugar 7s stamped .1947 Power Corp of Can 4%s B_ 1959 APrussian Electric 6s Sale Bid 63% May 28 72% May 11 Public Service Co of N J—• 113,000 30,000 421,000 124,000 243,000 6% perpetual certificates 294,,000 1966 87,,000 Pub Serv of Okla 4s 2,592, 000 Puget Sound P & L 5%s--1949 5s series C 1950 000 740, 4%s series D 1950 1,854, 000 34,000 153,000 Queens Boro G 8c E 5%s.-1952 2,000 65,000 7,000 __ 19,000 iRuhr Gas Co 6%s 2,000 iRuhr Housing 6 %s >-1953 1958 A 357,000 Safe Harbor Water Pr 4 %s 1979 18,000 San Joaquin L & P 6s B...1952 151% 155 107 108% 98% Sale 98 Sale 92% 96% Sale 17 19 35 14 154 107% 104% 106 94% Sale 97% Sale 90 Sale 95% Sale 87 Sale 93% Sale 107 Sale 92% 153 35 13 109% 110 109 137 Sale 35 25 133 133 Sale 80% 84% 7 May 104% May 86 May 83 May 81 May 82 28 154 28 107% 21 98% 21 96% 24 93% May 22 20% May 7 109 128 2 May May May May May 128 May 104% May 86 May 83 May 81 May 109 133 128 Mar. Jan. 12 100% Jan. 8 100 Jan. 11 97 Jan. 11 May 22 99 Jan. 9 82 20% May 2 18% Jan. 10 14% Mar. 5 May 1 109% May 25 May 21 135% May 6 1 158 108 24 93% May 40 Sale 28 28 21 21 5 Jan. 2 17 107% Jan. ' 9 109% Jan. Apr. 132% Mar. 25 136 3 10 20% May 15 ASaxon Public Works— 96,000 7,000 41,000 154,000 376,000 700,000 533,000 27,000 100,000 464,000 287,000 80,000 116,000 540,000 1,543,000 773,000 332,000 1,000 11,000 67,000 139,000 107,000 6s 1937 ASchulte Real Estate 6s—1951 11 21% 16 35 23 Sale Scripps (E W) Oo5%s 1943 103% Scullin Steel Co 3s 1951 64 65 Shawinigan W 8c P 4%s—1967 4%s series D 1970 95 Sale 95% Sale 1947 91 Sheridan Wyo Coal 6s Sou Carolina Power 5s Southeast P & L 6s Sou Calif Ed 3 3%s series 1957 -±.2025 %s.-May 1 1960 B—July 1 1960 99% 112% 109% 109% Sale Sale Sale 7 30 24 31 101 103 60 65 65 Sale 88% Sale 64 Sale 94 95% Sale 35 27% 29 102% 103 68% Sale 88 Sale Sale 90 Sale 97% 102% Sale 106% 112% Sale 106% 108% Sale 108% 109% 107 Sale Sale Sale Sale 14 May 28 May 100% May 57 May 65 May 64 May 87 May 96% May 102 May 106% May 106% May 14 May 18 18 May 9 16 31 15 102% May 11 15 68% May 31 88% May 31 88% May 24 28 22 15 15 94 103 May May 1 9 12 Mar. 23 Jan. 100% May .57 May 65 May 64 May 87 102 105% 52% 106% 103% 106% 104 17 31 15 104 15 31 31 Mar. 12 May Jan. 9 30 72% Mar. 14 98% Jan. 19 97% Jan. 22 95% Jan. May 28 103 22 112% May May 24 96% May May 106% May 106% May 112% May' 7 109 May 6 109 May 10 1 24 15 110% Jan. 15 110% Jan. Southern Counties Gas 35,000 43,000 33,000 74,000 47,000 26,000 299,000 356,000 677,000 528,000 416,000 513,000 62,000 5,000 12,000 190,000 330,000 216,000 312,000 118,000 286,000 2,513,000 1968 Southern Indiana Ry 4s—1951 S'western Assoc Tel 5s A. .1961 Southwestern P 8c L 6s 2022 S'western Pub Serv 6s A--1945 ASpalding (AG) & Bros 5s 1989 Standard Gas 8c Electric—• 6s stamped 1948 6s conv stamped 1948 6s 1951 6s gold debs 1957 6s 1966 of California 4%s 2,076,000 3,114,000 2,619,000 2,613,000 2,901,000 Stand Power & Lt 6s 347,000 AStarrett Corp 5s Stinnes (Hugo) Indus— 7s 2d stamped 55,000 7s 2d stamped 51,000 105% 105% 51 105 103 52 109 104% 107% Sale 50 49% 104 105% 105% 103% 104 37 37 40 50% 52 104 106 % Sale 105% Sale 90% 92% 90 102% 103% 106 106% 105 107% 105 40 41 47 58 59% Sale Sale 62% Sale 73% 62 Sale 74 Sale 61% 61% 61% 61% 13% Sale Sale Sale Sale 16 73 % 1957 67% Sale 67% Sale 67% Sale 66% Sale 67% Sale 66% Sale 1950 19 Sale 1940 1946 28 32 36 39 30 33 24% 25 25 30 18 25 44% Sale 73% Sale 73% Sale 73 Sale 20% Sale May May May May May May May May May May May May 14 24 22 21 22 21 May May May May May 56 May 14% May 21 21 21 21 21 21 21 74% May 74 May 74% May 74% May 74 May 74 May 20% May 30% May 25 20 May 24 36% May 27 May 9 2 22 35 % May 1 56% 57% 56% 56% 56% 55 3 10 13 2 14 13 37 104 90 105 40 May May May May May May 14 105% Mar. 28 53 Mar. 12 24 21 105% Jan. 17 6 108% Feb. 60 Apr. 21 6 22 106% Apr. 22 74% 74% 74% 74% 74% 74% 24% Jan. 49% Jan. 49 48 Jan. 48 Jan. 48 Jan. Jan. 14% May 49 29 Jan. 20 May 24 10 5 Apr. Apr. Apr. Apr. Apr. 3 29 29 29 29 29 Feb. 5 May 46% Mar. 28 30 Mar. 16 Terni 65,000 294,000 144,000 5,000 99,000 281,000 50,000 53,000 76,000 7,000 6,000 52,000 228,000 87,000 408,000 70,000 47,000 19,000 69,000 242,000 68,000 93,000 339,000 892,000 422,000 35,000 579,000 1,189.000 Hydro-Electric Co— 6%s series A 1953 1960 104% Sale 1956 107% Sale Sale 6s-2022 115 Tide Water Power 5s A—1979 102% 102% Texas Elec Service 5s Texas Power 8c Lt 5s Twin City Rap Tr 5%s A.1952 tUlen 8c Company— 6s 4th stamped 494 000 1950 97 000 United Elec of N J 4s 320 000 United Elec Service 7a 1949 1956 AUnited Indus 6 %s A 1st 6s 34 ,000 405 ,000 United Lt 8c Pow 6%s Deb 6s1,119 ,000 1941 1945 1974 62% 9 000 1975 Sale 9 117% a* Sale 18 25 16 30 18 85 87 Sale 30 Sale 83% 107 Sale 93 Sale 118 Sale Deb 6s series A 1973 263 ,000 212 ,000 Utah Power 8c Light 4%s_1944 68 series A 2022 248 ,000 80 5%S— 11 10% 118% 119 Sale 36% 30 1959 1,796 ,000 United Lt 8c Rys(Del) 5%s 1952 279 ,000 United Lt 8c Rys (Me) 6s A1952 170 ,000 27 Sale 35% Sale 102% Sale 105% Sale 105% Sale 105% Sale 111 116% 118% 92 Sale 98% Sale 57% Sale 68% Sale 89% Sale 108% Sale 93% Sale 118% Sate 80% 99 Sale 99 Sale 86 Sale 100% Sale 100% 101 103 8% 7% May 115% 115% May Sale 26% May 20 16 16 May 30 16 18 May Sale 78 74% May 73 75% Sale May 108 109% 107% May 78 81% Sale May 111 110 111 May 73% Sale 72% May 97 96 May 85 "84% 87 May Sale 101 103 % Sale 99% Sale 94 Sale 103 103% 97 Sale a5s income deb 1954 628,000 1951 45,000 Wash Ry 8c Elec 4s Western Newspaper Union— 10% Sale 107% 109 102% Sale 100 11 May 10 118% May 4 36% May 21 May 18% May 90 May 88% May 109 May 95 May 118% May 87 May 100% May 101% May 7 30 100% Sale 5sseries B May" 7 104% May 14 106% May 11 May 15 111% May 18 113 98% May 2 88% May 24 56 May 22 68% May 2 114% ..1950 609,000 Virginia Pub Ser 5%s A-.-1946 6s1946 265,000 375,000 May 18 101 % May 23 106% 99% May 21 103 % May 94 May 31 101% May 95 May 21 103% May 3 8 2 46 Jan. 22 May 18 101 % May 23 106% Mar. 104% May 14 108% 111% May 18 119% 88% May 24 103% 69 56 May 22 7% May 115% May 26% May 16 May 17% Jan. 74% May 73 107 May Jan. 78 May May 72% May May 96 85 May 111 3 20 19 Apr. 26 Jan. 5 Jan. Apr. 12% Mar. 118% May 45% Jan. 21 Apr. 19% Feb. 91 Apr. 89% Apr. 110 Apr. 95 May 119 Feb. 16 11 4 5 23 28 26 26 8 8 7 ftQ Apr. 27 100% Apr. 29 101% Jan. 15 6 99% May 21 103% Apr. 94 May 31 101% Mar. 19 95 May 21 103% Mar. 29 Waldorf Astoria Corp— 216.000 10,000 51,000 80,000 24,000 6,000 116,000 46,000 20,000 65,000 Conv deb 6s 1944 2030 146,000 West Penn Elec 5s West Penn Traction 5s—1960 57,000 230,000 41,000 Wheeling Elec Co 5s 313,000 Wisconsin P 8c L 4s A 1941 1966 284,000 Yadkin River Power 5s 123,000 tAYork Rys Co 5a..5s stamped...... 213,000 1941 For footnotes see page 53. Sale - .1937 1947 107 §119 Sale 105% Sale 104% Sale 97 Sale 97 98 • 7% Sale 109% 112 5 106 Sale 112 4 107 42 46 45 54% 55% 104% Sale 106% 108 104% 116 118 107% 108% 108% 103 % 105 103 105% 103 107 Sale 102% Sale 102% May 21 7% May 9 May 16 May 16 107 May May May May May 21 31 23 27 28 55 May 3 106% May 8 May 13 103% May 2 107% May 1 117 104% 104% 103% 103% 103% May 17 104% May' "2 91 93 92 97% 98 May 28 98 May 6 98 Sale 95 Sale 95 99 May 8 May 21 4 107 10% Jan. 3 May 21 May 16 109% Apr. 26 45 May 21 60% 104% May 31 108 108% May 23 117 103 May 27 105 Feb. 23 Feb. 102% May 28 107% May 10 105 98 May 28 99 May 21 103% Apr. 92 95 29 May 13 Jan. 23 Jan. 1 2 Apr. 23 May 8 53 NEW YORK CURB EXCHANGE June, 1940] AQOREOATE RANGE SINCE JAN. PRICES IN MA Y SALES In Since May 1 Price NEW YORK CURB EXCHANGE Jan. 2 Jan. 1 May 1940 Ask Bid Bid 1 Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices May 31 Ask Bid Ask FOREIGN GOVERNMENT AND 2,000 2,000 MUNICIPAL Agricul Mtge Bk Rep of Col— 19,000 420-year 7s Apr 1946 a7s certifs of deposit 1946 17,000 420-year 7s Jan 15 1947 47s certifs of deposit 1947 2534 35 22 20 2234 May 14 25 May 28 24 May 13 24 May 13 9 14 22 H May Feb. 15 2834 Feb. 13 29 35 28 25 20 35 30 22 25 25 10 16 3,000 ABaden (Germany) 7s 1951 Bogota, City of (Colombia)— 12 30 11 18 May 13 35 11 10 24 35 deposit 1947 Antioquia (Dept) Colombia— 47s B ctfs of deposit 1945 47s 1st ser ctfs of dep 1957 47s 3rd ser ctfs of dep—1957 35 35 22 25 40 30 5,000 3,000 1,000 Caldas 26 M 25 9 34 834 8 34 1334 1945 15 35 (Colombia)— deposit— 1946 10 35 10 20 12 10 or deposit 47 34s ctfs of ACauca Valley (Dept of) Colombia extl s f 7s 41,000 Rep of 1948 a7s ctfs of deposit. 1948 1946 a734s ctfs of deposit 1134 Feb. 1134 Jan. 17 17 30 12 34 Feb. 17 1134 Feb. 17 1134 Jan. 30 Jan. 29 13 May 834 May 22 15 Jan. 12 34 Feb. 12 25 10 a8s ctfs 4,000 35 25 2534 46s ctfs of 1,000 2634 16 1034 10 25 25 10 35 35 13 25 25 13 25 26 40 22 1534 1534 65 50 3 834 May 22 11 May 7 1534 May 7 12 3 20 40 70 50 May 25 5134 42 34 13 May 30 40 1234 1234 3 13 13 34 12 734 834 ACent Bk of German State & 1,000 2,000 13,000 Prov Banks 6s B a6S A 1951 — 1952 Colombia (Republic a6s ctfs 2,000 1,000 15,000 21,000 of)— of dep (A & O) -1961 1,000 ABanover (City) Ger 7s 6,000 AHanover (Prov) 6Ms 6,000 .32,000 4,000 - 51,000 Danish Cons Munic 534S--1955 5s 1953 18,000 ADanzig P & Wat*way Bond— Aexternal s f 6 Ms 1952 11,000 65,000 AGerman Cons Munic 7s. .1947 46s 1947 41,000 1939 1949 ALima 28,000 (City), Peru, 634s__1958 98,000 AMaranhao (State) 7s 1958 38,000 AMedellin (Colombia) 7s-_1951 a7 % ctfs of deposit 195l a634s ctfis of deposit 1954 Mortgage Bank or Bogota— a7s issue of May 1927 5,000 1947 10,000 a7s ctfs of dep (May) a7s issue of Oct 1927 1947 1947 3,000 6,000 33,000 19,000 9,000 7,000 • n a7s ctfs of dep (Oct) 1947 Mtge Bank of Columbia a6Ms ctfs of deposit---1947 12,000 68,000 74,000 156,000 81,000 3,000 73,000 39,000 AMtge Bank of Chile 6s_—1931 Mtge Bank of Denmark 5s 1972 AParana (State of) .Brazil 7s '58 ARio de Janeiro 634s1959 ARussian Govt 634*-1919 a6Ms registered -1919 a5Ms 1921 ASantiago (Chile) 7s 1949 No par value, Sold under the rule. r Deferred delivery sale, 8old for cash, s Ex-dividend. a Abbreviations Used Above'. "cod" certificates of deposit, "cons" consolidated. 18 16 20 10 234 Sale 13 14 8 20 13 Sale 8 13 10 25 6 12 20 7 1034 11 534 534 634 10 5 12 34 12 8 1134 20 9 34 Sate 9H 1434 12 26 M 24 34 12 10 M 16 M 10 8 25 25 12 8 14 34 14 7 1034 12. 9 May 21 May 18 May 21 29 13 14 18 20 May 9 May 21 Mar. 4 734 May 18 734 May 16 1334 May 13 May 9 7 34 May 1 734 May 18 16 534 May 31 834 May 15 8 May 21 1034 May 9 6 Apr. 23 Jan. 11 534 May 31 834 May 15 8 May 21 11 20 12. 20 Sale 14 934 May if 834 May 16 12 1534 May 16 Apr. 52 49 Jan. 8 Mar. 13 7 Jan. 30 Mar. 14 1334 Apr. 10 14 Apr. 24 1234 Feb. 7 1034 Apr . 8 1334 Mar. 25 15 Jan. 24 11 20 20 28 2534 3 20 28 26 Jan. 27 2634 Apr. 20 28 26 Feb. 24 2634 Mar. 20 11 28 20 35 22 40 3d 2534 30 35 22 40 21 35 20 40 143s 4234 1834 53 1334 1534 20 26 16 26 20 13 Sale May 17 May 17 534 May 25 34 May 14 24 Sale 10 14 1534 May 18 17 9 734 34 1334 1034 8 Sale 15' 14 934 34* 834 34 34 1734 2534 Apr. 534 34 34 34, 25 634 Me 13 34 20 Abbreviations Used Above: "conv" convertible, May 25 May 1 834 May 6 %, May 9 a D 0 May 3 2 12 Jan. 19 16 Apr. 19 13 May 25 Jan. 2 Feb. 16 Jan. 6 Jan. 4 9 34 Jan. 534 34 34 34 1434 2534 Apr. 1434 4634 1634 1034 34 34 34 1734 Mar. Mar. Mar. Mar. Jan. Feb. Feb. Mar. 2 13 13 20 11 31 16 1 28 ferred delivery sales, in which no account is taken in computing range, are No sales. given below: "cum" cumulative, n mortgage, "n-v" non-voting, "vtc" voting trust certificates "w i" when issued "w w" with warrants, Under the rule sales, in which no account la taken in computing range, are given below: No sales. r Cash sales, in which no account is taken ia computing range, are given below: No sales. "x-w" without warrants. % 22 20 May 26 34 24 "m" a Bonds being traded flat. t Reported in receivership. 3 22 Feb. 1434 Feb. 7 1534 May * AGGREGATE Jan. 1 BONDS 1940 Bid 29,000 Shares 2,189 653 200 850 4.500 1,950 2,250 300 1,450 937 100 850 9,067 27,950 7,100 6,450 600 600 160 100 280 13,085 18,100 200 100 675 2,050 1,800 1,150 6,781 5,800 700 4,600 10,838 890 500 1,700 4,350 . May Ask 618,000 Commonwealth Ed 3%s_.1958 128 % 128% STOCKS Par Sale 69 8,195 Abbott Laboratories com * Sale 170 4% % cum conv pref 100 144 47 49 2,139 Acme Steel Co common 25 1,590 Adams (J D) Mfg common 9% * aVA 1,809 Adams Oil & Gas Co com * 3% Sale 3 3% 13,020 Advanced Alum Castings 5 8.350 Aetna Ball Bearing common.. 1 12% 18 20,000 Allied Laboratories common..* 10 850 Allied Products Corp Com..10 9% 20 1,900 Class A 25 19% 3,271 Allis-Chalmers Mfg Co * 40% Sale 250 Altorfer Bros conv pref 19 * 22% 94 96 4,650 American Pub Serv pref---100 23,010 Amer Tel & Tel Co capital.,100 171% Sale 5% Sale 95,460 Armour & Co common 5 17,550 Aro Equipment Co com 15% Sale 1 43,400 Asbestos Mfg Co common 1 % Sale 35 2,200 Associates Invest Co com....* 38% 5 5% 4,500 Athey Truss Wheel capital..4 344 Auburn Auto Co common * 2% 2% 2 750 Automatic Products com 5 1 2,410 Automatic Washer common..3 % Sale 40,371 Aviation Corp (Del) 3 59,870 Aviation & Transport cap 1 3% 3% 1 Bid May 31 Highest Lowest . Ask Ask Bid Sale Prices .129% 129% 111% 112% 110% May . 22 Lowest Sale Prices 120 % May 11 Highest Sale Prices Sale Prices 110 % May 22 131 Apr. 15 Shares \VA 1,260 Backstay Welt Co common...* 350 Barber Co (W H) common 1 2,775 Barlow & Seelig Mfg A com..5 7,000 Bastian-Blessing Co common.* 4,950 Belden Mfg Co common 6,750 42,231 22,310 2,400 13,389 35,202 2,000 1,750 4,850 8,900 230 1,850 14,610 2,450 1 Price Jan. 2 Since May RANGE SINCE JAN. PRICES IN MA Y CHICAGO STOCK EXCHANGE SALES In 10 Belmont Kadio Corp * Bendix Aviation Corp com 5 Berghoff Brewing Corp 1 Binks Mfg Co capital 1 Bliss & Laughlin Inc com 5 Borg-Warner Corp common..5 Brach & Sons (E J) capital * Brown Fence & Wire cl A pfd. * Common 1 Bruce Co (E L) common 5 4601Bunte Bros common 7,800!Burd Piston .Ring common .30,410 Butler Bros common 31,844 5% cum conv pref 10 1 10 30 il" 9% 17% 9% 5 6% 17% 9% 18% 10% 5% 31% Sale 10 10% 67 68% 50 54 50% May 24 47% 9% 48M 36 39 34% May 23 7% May 24 2% May 21 2% May 22 May 21 10% May 28 8% May 15 4 3 3% 12% 18% 4 Sale Sale 10 11 20 21 33% 34% 19% 19 94% 172% Sale 7 Sale Sale 15% Sale 1% Sale 42 43% 5 4% 1% 1% % % 'S Sale 19% 73 147 * 85 149 4% 11% % 30 Sale 13 1 34% 4 3% % 1% 1 \ % ■ 5 Sale 4% 6% 15% Sale Sale 6% 7 17 20 10% 17 Sale Sale 13 8% 12% 11% 8 33% 4% Sale 28 10% 4 . 11 Sale 4 Sale 20 7% Sale 20% 21 8% 16% 24% 2% 9% 13% 9% 18% 2% Sale Sale 12 8% Sale Sale Sale 2% 7% 2% 2% 8% Sale 4 13oh 2 21 22% Sale 19% 20 14% 16 3% Sale 9% 10% 17% 18% 3% 3% 6% Sale 22% 23 6 10 3% 4 Sale 8% 3% Sale 4 15 Sale 15% 14% Sale 10 11% 2% Sale 17% 2% Sale 2% 5% 7% 2% 4% 17% 16 11% May 24 22% May 22 18% May 10 73 May 25 146 May 28 4 May 21 11% May 23 % May 15 30% May 23 May 21 May 23 May 17 May 13 May 15 2% May 20 ;s Is 4% 15% 8% 12% 7% 3% 24% 8% May May May May May May May May 20 22 29 24 21 22 28 21 3% May 16 13% May 22 13% May 23 14% May 28 10 May 21 2% May 15 31 24 25 21 28 18% 5% May May 2% May 4% May 17% May 12 12% 10 % May 21 15 18 14% May 22 13 50% May 8 May 3 May 4 May 12% May 18% May 11 May 19% May 33% May 19 May 95 May 174% May 7 May 17 May 1% May 42% May 4% May 1% May May May May 4% May 7?f 24 10 Jan. 34% 7% 2% 2% 8 10% 8% 11% 22 % 18% 73 146 4 11% 21 9 10 14 17 13 10 10 4% May 15 15% May 22 May May 12 May 4% May 35 May 11 May 4% May 21% May 22% May 21 May 14% May 10 3% May 10 May 17% May 3% May 6% May22% May 10 % 17 70% Jan. 50% May 144 23 25% Sale 21% Sale 18% 17% 4% 4% 11% May 68 % 6 Jan. 3 145 51K Apr. 8 Apr. 15 May May May May May May May May May May May May May May Jan. 4 Jan. 4 4 Jan. 14 Feb. 15 21 ??* Feb. 6 Mar. 8 21 Apr. 15 41% Jan. 20% Jan. 3 8 Jan. 11 100 175% Mar. 12 7% Apr. 24 17 May 9 1% Apr. 17 45% Mar. 11 30% May 3% May % May 7 ' 2% 1% % 8% 4% Feb. 1 % Apr. 4 % May 2% May 4% May 20 15 % May 22 8% May 29 12% May 24 7% 3% 24% 8% 3% 13% 13% 14% 10 2% 5% 13 2% 4% 17 % May May May May May May May May May May May May May May May 21 22 28 21 16 22 23 28 21 15 31 24 25 21 28 Jan. 31 Jan. 4 Feb. 8 Apr. 1 Apr. 15 Apr. 16 7% 18% 11% 18% Feb. 15 2 Apr. Apr. 26 3 Jan. 8 12 May 3 5% Apr. 9 36% Apr. 7 11% Mar. 4 May Jan. 25% Jan. 22% Apr. 2 Feb. 9 5% Feb. 11% Feb. 7 23 20 19 Apr. 4% Mar. 7% Jan. 23% Apr. 3 3 1 5 5 8 3 3 Campbell Wyant & Cannon 1,640 4,806 500 2,060 2,030 12,710 *3,490 Foundry capital * Castle & Co (A M) common. 10 Cent C'Md Storage Co com..20 Central ill Pub Serv pref * Centra 4,200 1,750 5,500 540 1,530 3,190 455 250 45,550 3,600 1,500 8,900 6,800 101,300 2,570 5,410 6,070 2,335 3,400 112,550 8,930 5,000 656 5,349 360 140 340 430 640 958 4,331 15,132 5,665 8,900 6,000 200 86,100 3,800 1,400 8,493 17,020 12,600 1,070 313,375 11,950 4,000 28,053 2,030 160 890 1.593 480 6,848 1,544 20 230 2,475 1,550 7,180 1,920 6,600 70 310 1,050 3,900 150 1,400 430 190 772 20 50 150 190 1,114 4,453 For footnotes ^ _ Cities Service Co common 10 Club Alum Utensil Co com * Coleman Lamp & Stove com..* Com'wealth Edison com 25 Compressed Indus Gases cap .5 Consolidated Biscuit com 1 Consolidated Oil Corp * V t c pref part shares Com part shsvtc A 50 50 4% Sale 3 Sale 23% 35 32% Sale 12% 14% 2% 3% 7% Sale 4% 1% 2 1% % 16% Sale 3% Common part shs v t c B * Container Corp of Am com..20 28 30 Continental Steel common * Preferred 100 107 Crane Co common 25 23% 24 Oudahy Pack Co 7 % cum pf 100 61 Sale Cunningham Drug Stores..2% 18% 18% Curtis Lighting Inc common..* 2 3% Dayton Rubber Mfg common.l 18% 19% Cum class A prer __35 23% 31 Decker (Alf) & Cohn— Common... 10 !% 2% Preferred 100 73 Deep Rock Oil Corp conv pref.* Deere & Co common _* "23% Sale" see page 56. 18% Sale 17% 19 84% Sale 76 Sale % 4% % 93% 39% % 5% % 94% Sale 4% 71 May 24 18% May 17% May 88% May 3 10 9 10% May 21 14% May 22 8% Feb. 14 71 May 24 19% Apr. 20 20 Jan. 10 11% Jan. 11 88% May 9 111 Secur Corp— Common 1 7 Convertible preferred * 6% Sale Cent & S W Util com (new) 50c Prior lien preferred. * 113% Sale Preferred _* 70% Sale Central States Pr & Lt pref-.* 3% Chain Belt Co common * 20% Sale Sale 13 Cherry-Burrell Corp com 5 Sale Chicago Corp common 1 Sale 36 Convertible preferred- __.._* Sale Chicago Flexible Shaft com..5 72 Chicago & N W Ry com.-.100 % Sale Chicago Ry pt ctfs "r*____l00 2% Chicago Towel Co conv pref..* 108 110 70 71% Common capital * Chicago Yellow Cab capital-.* 8% Sale Chrysler Corp common-.....5 90% Sale Consumers Co— 460 150 14% 15% 21% 11% 14 82% Sale 20 7% Sale % Sale 112% 115 56 Sale 6 Sale 4 Sale 15 18 9% % 26% 11% 20% 12 13% 1% Sale 36% 36% 79 80 % 2% 110% 116% P 74 % % 95 Tl"" 85% Sale 5% 3% 36% 32% 14% 2% 7% Sale 3% 37 Sale Sale 3 Sale 3% 1% 29 63% % 2% 105 ----- 10 3% 60t/ Sale 8 59% 4% 2% 30 26% 11% 1% 6% 2 71 9% 59% 5 2% 34% Sale Sale 2 Sale 3% % % % May 5% May % May 92 May May May May May May 26% May 60 May % May 39% 4% 15% 9% % 93 May 28 111 May 17 75% 11 7% May 22 53% May 28 87% 4% May 15 2% May 23 30 May 22 25% May 21 10 May 22 1 May 15 5% May 22 2 May May May May May May May May May 10 18% Sale 31 29% 18% 108% 110% 109% 109% 110 14 20 13% 20% 13% 54 73 55 51 70% 12% 13 12 17% Sale 2 2 1% 1% May 16% 9% 9 11% May 22 32 30% 14)| 2% 2% 28 35 10 22 13 Sale 1% 15 2% 30 10% 15% 16 79H 72 % % \\H IV' May 7% May % May 112% May 56 May 6% May 20% May 12% May 1% May 21 2 36% May May 2 May 13 1% May 21 28 May 15 7% May 9 13% May 22 May 4 May 10 May 6 May 3 30 May May 20% May 72 May 17% May 110 1% May 15 May % % 10 18% 108% 13% 51 12 1 % 9 84 Jan. 9 12 2 Feb. 9 Apr. % Jan. 8 4 % Jan.;15 116 Apr. 26 75% May 10 11% Mar. 25 91 2 May May May May May Apr. May May May Mar. May Jan. 1 % May 21 May 15 7% May 9 13% May 22 28 Apr. 2 1% May 21 37 May 23 22 21 22 15 22 29?# 2% May 10 28 May 15 8 May 9 22% May 3 . 6% May 2 % 2 13 11 21 13 May 25% May 10 May 1 May 5% May 3 3 3 8 9 14 7 9 7 16 3 17 Jan. 120% Feb. Jan. 77 Feb. 30 3 Apr. 8 4 6% May 3% May 37 May 32% May 15% May 2% May 7% May 3% May May % May 18% May Jan. % Jan. 5% May % Mar. 92 May 39% May 4% May 15% May 9 % May % May 26% May 60 May % May % Jan. 93- May 69% Jan. 7% May 53% May Jan. ,3 6% May 2 3% Mar. 12 38 Apr. 15 33 Apr. 8 16% Mar. 7 3% Jan. 26 8 Jan. 3 4% Feb. 8 Jan. 13 Jan. 13 Apr, 24 Apr. 9 110% Mar. 20 4 24% Jan. 72 May 9 19 Feb. 2 Jan. 12 19% Jan. 31% Jan. 23 26 2% Mar. 30 2 8 Feb. 8 11% Apr. 23% Jan. 23 4 AQQHEOATE stock Since Jan. 2 160 De Mets Inc preferred Diamond T Motor Car com—2 Dixie-Vortex Co common * Class A -* Dodge Mfg Corp common * Eddy Paper Co. (The) * El Household Util Corp -5 Elgin Nat Watch Co._ 15 100 fEversharp Inc common 1 1.745 5,181 3,100 6,450 2,800 35.950 14,700 200 34 34 Sale 15% Sale Sale 16"" "1634 37 Sale 30 1334 Sale 1734 Sale 1034 Sale 1034 13 3 34 334 Sale 22 43i 2934 Connell Dredge 11% 10% 4% 4 1334 Sale 434 Sale 3334 9 10 4 3 4 4 434 1634 1534 Sale 5 16 1634 69 5334 1134 234 4834 5334 634 634 12 11% 2% Sale 634 Sale Sale 234 Sale Sale Sale Sale 1134 11 10% 11 23% Sale 12% Sale Sale Sale 7% 1634 8% n 3934 1334 6% Sale 8M JH Sale 1334 9 5 14 10 Sale 1034 2634 Sale Sale Sale 15 39 Sale 634 634 834 Sale 734 8 34 5 28 36 10 1334 30 31 33 3634 28 33 34 13% 13% 14 15 1434 1734 34 1434 1834 34 434 1034 1034 16 1334 34 334 634 Sale % 1 4% 12% 12% 4 25 23% 2% 88 2% 86% Sale 61% 3% 4 3 17% Sale Sale 49% 16% 16% 19% 4534 Sale 6 8% 98% 8% 4334 4434 102 Sale 99 14 5 334 1034 2634 234 8534 1% 3% 334 1% 3% 24% 2734 70 73 Sale 41 Sale 12 234 234 1334 Sale 22 2034 50 49 5?4 534 8 834 105 4634 Sale 10334 103 5% 434 2% Sale 34 34 134 Sale 334 334 2834 32„ 634 6 8 7% Sale 2% 25 26 4 4% 9% 10 11% 1234 15% 16% 1% 1% 25% 28 2 7% 36% 8 38% 9 7 26 30 * 14% Sale * * 334 3% Mer & Mfrs Sec cl A com 1 28 34 30 $2 cumul part pref * 334 Mickelberry's Food Prod com.l 734 Sale Middle West Corp capital 5 Me Midland United Co common.-* Convertible preferred A * '"234 Sale 434 4% Midland Util 6% pr lien._-100 434 7% prior lien 100 34 7 % preferred A 100 6% preferred A 100 Miller & Hart Inc conv pref__* 1034 1034 Minneapolis Brew Co com 1 1834 2134 Modine Mfg common * 2% Monroe Chemical Co com * 42 Preferred * Montgomery Ward & Co cl A_ * 16034 1,100 Mapes Consol Mfg capital 55,162 Marshall Field & Co com Sale 234 24% 734 1034 1334 1634 234 234 550 390 30 4* 17,490 * Common 5534 Sale 850 Mountain States Power pref 100 75 22 2334 1134 9 1734 18 30 45 434. 534 10034 14% S.ale Sale 38 39 7 4 434 634 534 100 "40"" 33 ""334 334 234 34 134 Sale 3 Sale Sale 134 2934 25 38 90 91 5 6 5.34 134 5k 534 1034 12 1734 4434 134 2034 6 29% 1434 Sale 350 Muskegon Mot Spec class 1,850 Nachman Springfilled com * 860 National Battery Co pref.. — * 1,082 Nat'l Bond & Invest com 150 Preferred series A 1,550 Nat'l Pressure Cooker Co _ 1034 37 34 Sale 3 34 2634 4 834 — - 3 434 434 34 34 734 10 34 24 National 4734 25 Sale 28% 434 Sale Me Sale 534 534 34 % 8 11 Sale 134 Sale Sale 22 434 4 334 234 34 134 May 234 May 2334 May 6 May 5 May 134 May 1934 May 434 May 334 May 18 May 11 38 35 28 2534 934 2934 Sale 3 34 2434 334 Sale 2834 3k 534 Sale Me 34 2 234 234 434 5 234 34 34 34 34 5 734 934 834 1834 20 1534 94% 96 534 4 70 Oklahoma, Gas & El 7% pf__100 6 28 May 13 8 34 May 22 Sale 334 2534 334 534 May May May May 21 22 21 21 _ 18 2034 Feb. 19 2 934 May 6 Apr. 16 14 page 56. 17 Sale 60 70 1834 12 2034 13 34 134 1854 9934 534 16 1134 13 1334 * 1234 14% 11 * * 10 534 15 134 IY4. 2334 3634 27 15 10 554 J an. 3 1334 Jan. Apr. 30 3 34 Mar. 28 4 9034 Jan. a 6254 J an. 434 Jan. 12 9 434 Jan. 28 May 21 May 23 May 28 Mar. 20 Mar. 25 17 Feb. 17 J an. 3 10 9 May 21 23 34 Apr. 50 Apr. 654 Feb. 534 May 21 834 Apr. May 28 May 21 12 9 1734 May 21 44 34 May 20 4 100 38 May 734 9 4934 Jan. 11 13 Jan. 30 24 34 Feb. 13 Jan. 2 2 334 34 134 434 134 May 15 234 May 28 2334 May 21 5 154 1934 434 954 20 May 15 May 15 May 23 Jan. 5 Feb. 5 Jan. 634 Jan. 11 9 Apr. 20 334 Apr. 12 Jan. 3 26 iSB Apr. 25 Mar. Jan. 17 8 A pr. 26 Jan. 6 28 May 14 34 May May 22 9 1134 May 21 134 Jan. 4 May 31 334 May 18 13 3 4 28 21 9 854 May 22 Apr. 27 1854 Mar. 28 4 234 Apr. 6 2834 Apr. 734 Jan. Apr. 54 34 754 14 Sale 9 May 9 May May 11 6 May 6 May 3 May May 21 May 3 May 3 May 3 May 9 May 14 May 1 May 10 May 2 26 334 Apr. 17 4 Jan. Mar. 18 30 Jan. 25 3 34 Jan. 10 534 May 21 Jan. 154 Mar. 5 434 34 34 334 834 1734 Jan. 10 1 8 12 634 Jan. 23 May 28 Jan. 11 Jan. 6 Jan. 20 Jan. 23 May May 21 40 3634 2734 15 2 Sale Sale 29 834 Apr. 25 1154 Apr. 11 24 Apr. 29 134 Apr. 16 4234 Jan. 24 37 32 May 21 4734 May May 14 May 21 May 29 25 Jan. 17 28 7 May 21 35 May 29 7 May 3 934 May 13 May 29 1834 May 2 21 35 1634 Jan. 98 Apr. 18 1134 Apr. 4034 Apr. 1834 Apr. 22 98 434 May 20 434 May 20 4 Jan. 25 1 % Jan. 9 1034 7 17 )4 May 80 98, 434 22 2334 22 25 4 10 13 10 11 16 47 9 .--- 834 May 22 2034 May 24 334 May 22 11 May 17 10 May 23 8 May 22 1234 May 21 47 May 25 834 May 24 1134 May 17 23 . 834 15 13 934 May 34 23 May May 16 May 10 8 May 22 Mar. 26 Apr. 10 10 4 22 434 Jan. 6 134 Mar. 28 2854 Jan. Jan. 12 9 16 2054 Apr. 47 70 May 25 8 34 May 24 1134 May 17 May 11 8 11 10 14 % May 21 May 20 13 34 May 24 134 May 14 15 May 21 25 May 21 2334 May 22 11 May 1 834 25 1034 134 1634 2534 2334 7 34 May T/ 34 42, 1234 134 Sale 2734 2534 35 May 15 54 May 21 .35 May 20 1454 May 3 134 May 14 22 May 4 3654 May 4 2834 May 8 10 3 6 Apr. 4 554 May 7 1534 May 12 Feb. 19 36 1234 May 21 11 6 1134 May 17 108 May 29 118 34 May 10 May 834 May 21 May 22 734 Jan. 30 May 23 May 1054 May 1834 May 62 8 2034 May 24 3 Feb. 20 534 May 1534 May 12 23 Jan. 30 16834 Jan. 30 169 3 32 May 21 5534 Jan. Jan. 3 76 8434 Mar. 9 2 2834 May May 20 5 Jan. 11 2234 Jan. 1254 Jan. 11 18 May 29 11834 May 9 1434 Jan. 834 May 21 Apr. Apr. 12 109 12 Jan. 11 Apr. 23 12 23 108 109 34 1434 134 2134 May 6 4 34 May 3 634 Jan. 24 Sale 1 5 11 Mar. 25 May 28 1 5 4 9 Feb. 26 Jan. 11 734 May 14 % Jan. 22 35 May 20 30 Mar. 15 H Mar. 1 40 Mar. 1 13 34 May 24 1534 234 2434 3834 Mar. 18 Jan. 17 Jan. 3 Feb. 15 29 Mar. 28 7 11 '8 Jan. 24 35 6 434 Apr. 23 37 134 4 8 5 3 3034 Apr. 1534 Feb. 21 32 34 Apr. 26 23 1 1 39 5 534 17 1334 13 Mar. 29 Apr. 3 28 3 21 10 8 6 Mar. 27 30 Jan. 6 5 Mar. 36 3 35 334 9 3 May 28 10334 Feb. 634 Apr. 334 May 28 90 13 7 6 May 3834 May 18 35 2 10 Feb. 8 101 Jan. 22 21 2 8 23 5 13 9 1 2734 May 10 2 Wt May May May 534 May 34 May 34 May 434 May 834 May 1734 May 8 22 6 8 21 27 Feb. 1 Jan. 29 41* 1534 234 Sale 38 2834 27 2 15 8 1634 Apr. 1934 Apr. 634 May 21 1834 May 25 6634 3934 334 234 8 17 1534 Apr. 3 3534 Apr. 20 5 May 8 8 Mar. 12 42 10 2 8 1334 34 Jan, 27 7 10 Feb. 1034 Apr. 15 1 2654 May May 22 34e May 1234 May 1634 May 2 34 May 3 31 12 3534 834 134 3634 May 28 May 8 134 15 14% 24 60 35 134 26 28 2734 33 34 Sale 534 Sale 1134 Il34 1134 1034 1034 1934 18 63 34 62 1234 l,500,Peabody Coal Co B com 5 640' 6% preferred 100 1,650 Penn Elec Switch conv A 10 1,200 Penn Gas & Elec A com * II,307 Pennsylvania KR capital50 7,796lPeoples Gas Lt & Coke cap. 100 1,480 Perfect Circle (The) Co * see 3134 Sale 334 4 734 16 1034 11 1034 1 034 _ 17 May 28 3 934 May 21 534 May 28 5 Mar. 1 8 May 21 7 34 May 15 26 34 Aur. 3 36 May 22 1034 May 21 30 Jan. 5 434 854 34 4k 100 2,090 Ontario Mfg Co common Oshkosh B'Gosh Inc— 270 Common 280 Convertible preferred 800 Parker Pen Co (The) com For footnotes 134 4 8 1134 Feb. 10 454 May 16 1734 May 9 5 Apr. 18 134 May 18 3634 12 434 Sale 6 23 3534 43 1434 34 Mar. 4934 Apr. 8 Sale 34 10.34 90 34 27 40 6 May Jan, 1254 Feb. 334 May 1634' May 14 May 2034 May 50 May 5% May 834 May 101 May May 47. May 103 434 May 2 k May 34 May 10 134 May 13 3 334 May 30 May 4 634 May 9 8 May 1 234 May 17 26 May 8 1 734 May May May May May May May May May May May May May Standard— 763 Omnibus Corp common 40 Preferred class A Mar. 9 434 May May May 234 May 8934 May 5734 May 9 May 22 1134 May 21 134 May 21 22 May 31 Sale 9 2 34 40 * * 30 24 29 3 25 3034 May 21 4 12 1234 3834 134 2 7,600 Common stock 10 16,590 Noblitt-Sparks Ind Inc cap__5 30,350 North American Car com 20 750 Northern Paper Mills com * 3,450 Northern 111 Finance com * 18,150 Northwest Bancorp com * 1,800 Northwest Eng Co capital * 870 Nor West Util pr lien pref--100 3,380 7% preferred 100 380 Nunn-Bush Shoe common—234 Apr. Apr. Apr. Apr. May 18 Feb. 66 Apr. 5734 Jan. 1234 Apr. 234 Jan. 49% Apr. 5634 Apr. 734 Apr. 634 Apr. 4 34 May 12 34 Feb. 25 Apr. 12 34 Feb. 2754 Jan. Nat 4,790 5 1734 434 2934 234 32 34 Apr. 100 Republic Invest Trust— Cumul conv pref Mar. 14 26 20 19 15 12 1434 May 25 May 23 May 25 May 28 May 22 May 22 38 May 23 354 May 22 4 34 May 25 4 34 May 22 8 May 28 12 34 May 22 9 34 May 27 1734 May 21 9 29 38 May 23 34 May 25 2 11 27 77 A—* 10 1934 734 6 934 Apr. Apr. Feb. Mar. 1434 May 18 May % May 10 10 27 21 25 21 23 28 334 May 12 Sale 2934 27 334 334 1134 534 1034 1434 1634 May 9 934 May 2 534 May 27 10 May 1034 May 2634 May 3934 May 14 May 3534 May May 22 13 Sale 100 Masonite Corp common 9,250 1,490 3,250 1,000 234 Sale 16 6% 22 19 134 3 9 1734 May 34, May 2 May 634 May 1834 May May 6634 May 3934 May 3% 17 5734 334 334 634 10 Libby com_7 Lincoln Printing Co com * $3.50 preferred * Lindsay Light & Chem com-10 Preferred 10 Lion Oil Ref Co capital * Liquid Carbonic common * Loudon Packing common * Lynch Corp common 5 Sale 100 2% 2,020 McCord Rad & Mfg'"A" * 630 McQuay-Norris Mfg com * 50 Mc Williams Dredging Co com * 2,300 1,800 1,750 Jan. 3 21 934 May 21 534 May 28 5 May 7 8 May 21 734 May 15 2634 May 1 36 May 22 1034 May 21 3534 May 3 1234 534 1434 9 34 Sale 934 1834 2 4 May May 4 9 Sale 934 534 2534 185* 7% 5% 8 4534 May 22 17 15 15 23 9 May 21 1134 May 22 1434 May 29 3 May 28 1434 May 25 60 May 23 3534 May 25 834 May 28 134 May 22 3634 May 22 38 May 23 334 May 22 434 May 25 434 May 22 8 May 28 1234 May 22 934 May 27 1734 May 21 1434 1634 334 Sale 1534 Sale 5834 6534 2634 3834 7 1034 134 Sale 3834 3934 40 4034 3 34 4 34 434 434 Sale Sale 26 2134 11% 27 31.971 Libby, McNeill & 18,900 2,030 26,010 133,650 4,250 27,850 934 May May 4 34 May 934 May 31 May 4 34 934 May 3 434 May 16 1734 May 9 5 May 1 17 May 6 60 May 23 3 5234 May 1134 May 234 May 49 34 May 55 May 7 May 634 May 434 May 22 11 May 4 2134 May 1 12 May 10 2534 May 2 9 Houdaiile-Hershey— 9,900 I,350 25 3034 May 21 8 6434 47% 54% 3% 19,547 Class B * 3,450 Hubbeli, Harvey, Inc com 5 2,555 Hupp Motor Car common 1 9,9001 Illinois Brick Co capital 10 8,567 Illinois Central. RR com—100 4,650 Indep Pneum Tool s t c new..* 2,371 Indiana Steel Prod com 1 2,800 Inland Steel Co capital * 7,338 internat Harvester common—* 70 Interstate Power $7 pref * 280 $6 preferred * 1,870 Iron Fireman Mfg Co vtc * 20,216 Jarvis (W B) Co new capital-.1 5,850 Jefferson Electric Co com. — * 1,100 Joslyn Mfg & Supply Co com-5 13,000 Katz Drug Co common 1 10,500 Kellogg Switchboard com ■* 480 Preferred 100 3,885 Kentucky Util jr cum pref..50 1,900 6% preferred -.100 4,450 Ken-Rad Tube & Lp com A--* 6,450 Kerlyn Oil Co common A 5 7,750 Kingsbury Brewing Co cap 1 4,250 La Salle Ext Univ common._ 7,350 Leath & Co common— * 310 Cumulative preferred * 900 15 434 May 17 7 May 13 13 34 May 4 37 May 13 34 May 17 May 434 May 2934 May 234 May 25 10% May 22 17 15 15 2 34 May 234 3034 3134 16% 10% 2% Hail Printing Co common 10 Hamilton Mfg cl A part pref.10 Harnischfeger Corp common_ 10 Heileman Brewing Co G cap.. 1 Hein Werner Motor Parts 3 100 Heller preferred (w w) 25 1,680 Hibb Spencer Bartlett com—25 1,160 Horders Inc common * 950 Hormel & Co (Geo A) com—* 4,075 1.746 May May May May May 23 9 May 21 1134 May 22 3 34 May 18 21 May 23 23 48 69 56 % 8,510 1,400 1,400 14,500 4.200 8,800 1,250 11,060 Highest Sale Prices 31 33 46 Sale 16 63 Goldblatt Bros Inc common-.* Goodyear Tire & Rub com...* Gossard Co (H W) common..* Great Lakes Dr & Dk com—* 1,450 Le Roi Co common Lowest Sale Prices 934 4k 434 934 18 434 8% Sale 16 Highest Sale Prices 40 Sale 3954 2,513 2,000 7.900 7.199 36,738 4,522 General Outdoor Aav com * 3.901 Gillette Safety Razor cora___* 150 Godchaux Sugars Inc class A_* 6,550 8,907 7,550 27,900 934 434 6 234 & Dock Co common-* Four-Wheel Drive Auto 10 Fox (Peter) Brewing com 5 Fuller Mfg Co common -1 Gardner Denver Co com(new) * $3 cum conv pref (new)—20 General Amer Transp com 6 General Candy class A 5 General Finance Corp com 1 General Foods common. -* General Motors Corp com 10 1,850 2,700 6,100 23,600 7,300 Ask 1334 1134 Sale 15 334 24 13 5 8 9 33 34 13 20 Fair (The) preferred 100 2,282 Fairbanks Morse common...* Fitz Simons & 10% 6 8 Lowest Sale Prices May 31 Ask Bid Bid 13 9 434 0 270 Dexter Co (The) common Ask Bid Far * 1 May 1940 Shares 1 Price exchange STOCKS Jan. 1 RANGE SINCE JAN. IN MAY PRICES chicago SALES 55 stock exchange chicago June, 1940] May 14 15 May 21 25 May 21 134 23 34 May 22 1234 Jad. 25 5t> OHIO A GO EXCHANGE STOCK AOOREOATE SALES CHICAGO STOCK EXCHANGE In May Jan. 1 Shares Shares PRICES IN MA Y 650 6,450 735 400 6,534 150 2,378 1,320 150 870 1,150 670 4,450 1,600 1,150 3,249 1,050 310 400 160 4,750 200 10 2,693 STOCKS 1940 Par 3,000 Pictorial Paper Pkg com 11,900 Pines Winterfront common 1 % 12 1,208 Poor & Co class B * 1,850 Potter Co (The) common 1 X 18,491 Pressed Steel Oar common—1 14% 150 Process Corp (The) common..* Ys 6,108 Quaker Oats Co common * 119 2,820 Preferred— 100 145 45 1,800 Rath Packing common 10 2,370 Raytheon Mfg Co com 50c % 3,550 6% preferred 5 X 840 Reliance Mfg Co common 10 11% 20 Preferred 100 101% Rollins Hosiery Mills— 9,600 Common 4 1% 8,000 Sangamo Elec Co com (new).* 25% 9 5,700 Schwitzer Cummins capital—1 15,500 Sears, Roebuck & Co capital..* 5,900 Serrick Corp class B common.1 1% 28 1,690 Signode Steel Strap Co pf 30 15% 1,150 Common * 850 Sivyer Steel Castings com * 14% 23 23,150 South Bend Lathe Wks cap..5 25 380 South Colo Pow cl A com 3,740 Southw G & E Co 7% pref--100 107% 110 Southwestern Lt & Pow pfd__* 95 10 % 7,443 Spiegel Inc common 2 % 12% Ys Sale 1 . Joseph Lead Co cap 10 4,650 Standard Dredge (new) pref.20 11,815 Common (new) 1 469 Standard Gas & Elec com * 18,468 1,050 1,000 10,848 1,100 59,810 49,254 17,041 6,614 11,385 6,300 300 3,675 3,322 Stand Oil of Ind capital 25 Stein & Co (A) common * Sterling Brewers Inc common. 1 Stewart-Warner Corp com 5 Storkline Furniture com 10 Sunstrand Mach Tool com 5 Swift & Co capital stock 25 Swift Internacional capital--15 Texas Corp capital 25 Thompson (J R) common 25 Trane Co (The) common 2 10,997 Union Carbide & Carbon cap.* 18,284 United Air L Transp capital__5 200 United Gas Corp common 1 2,765 U S Gypsum Co common 20 38,727 United States Steel common..* 4,176 7% cumul preferred 100 11,640 Utah Radio Products com 1 5,400 Utility & Ind Corp common..5 9,850 Convertible preferred 7 860 Vildng Pump Co common * 120 Preferred * ""878 11,461 1,634 5,290 750 3,400 270 2,150 6,445 11,850 fWahl Co common * 21,224 Walgreen Co common * 931 Wayne Pump Co capital 1 5,338 Western Union Teleg com..100 2,055 West'house El & Mfg com 50 2,300 Wieboldt Stores Inc com * 500 Cum prior preferred * 332 2,104 885 900 260 Williams Oil-O-Matic 400 1,300 8,850 10,600 5,762 3,150 28,392 4,650 1,600 1,892 1,100 9,390 * No par value, com * Wisconsin Bankshares— Common ..* Woodall Indust common 2 Wrigley (Wm Jr) Co capital..* Yates-Amer Mach capital 5 Zenith Radio Corp common._* 1% 27 10 Sale 1% 29 17 Sale Sale 42 'l2% Sale 2% 2% Sale 7 15% Sale 14% 4% Sale 87 Vs 16 % Sale Sale 83' 66% 86 Sale Sale Sale Vs IVs 19 Sale Sale 1% 1% 20 Ys Sale 22 21%. 26Vs Sale 116 117% 6% Sale ----- 1% 16 Highest Sale Prices Sale Prices 4 3% May 15 % May 11 5 6% 5Ys May % May Sale 6Vs May May 7s 97 % May Sale 145 Sale May 37% 37 % May % May % May 9 May 7% 8% iilH c 42 1 Sale M 9 12% nH 3% 4 30% 30 % 8% 9% 85% Sale 1% Sale 30 30% 16% Sale 16 14% 28 2854 1 Ys 2% 9 38 11% lYs 1% 27% 13 Sale 3 21 24 6% 65% 1% 22 Sale Sale 1% 28 15 11% 12 8% 23% Sale Vs 2Ys 5% 40 30 76% 68% 854 13 Sale 6 62 1% 2854 14 12 20% 1% 6% 5 May May May May May May May May May May 18 21 21 28 21 20 17 21 21 13 May 24 May 22 4 30% 854 86% 1% 3054 17% 14% 29% 1 % 95 9 May May May May May May May May May May 73 Sale IVs 76 Sale 20% May 28 8 1 May 15 May 22 May 21 76 12 1 % 15 10 Sale 29 Sale 46% 5% 21% Sale Sale 5% 15% Sale 11 1% 6% 4% Sale 23% Sale 18% Sale 17% Sale 3454*" 35% 4% 11% 55! AH- 63 Ys 14% Sale Sale Sale 15 11 28 7 28 6 May 15 May 10 May 1 l°8H 3?* May May May May 2?^ 61 % May 28 81 % May 12% May 21 21% May 1 8 23 83% May 2 21 63% May 10 21 123% May _ 23 1% May 14 % May 21 1% May 23 24% May 101 81 83 61 64 58% 60% Sale 46% Sale 41% 123 Ys Sale 109 110% 103% 1 Sale 1% 1% % % Sale % 1 % 1% lYs 1% 23 Sale 19 11% 2454 40 38 Ys 2H 1% 23 Vs 22 21 Ys 113 Ys 6% 94 Sale Sale 18 23 Sale 15% Sale Sale 7 86 95 90 1.M 15 88 45* J3/* 95 1% Sale 1 1% 5 4% 5 Ys 3Vs 4 4 88 2% 16% t Name changed from The Wahl Co. to 92 3 15Ys 5 Sale Sale 7 3% Sale Eversharp, I* 80 Sale 2 9% Inc. Sale x Sale 1% 16% 14% 14% 76% May May May May May May May 19 Feb. 9 Apr. 6 Mar. 7 6 11% May 29 18 Mar. 18 Feb. 15 38% Apr. 80 Feb. 14 Mar. 2% Mar. 2% Jan. 28% Apr. 3 4 15 7 14 12 19 4 14 Jan, 2 Apr. 8 9 Feb. 17 7. Feb. 7 295 , „ 22 May 10 25% Mar. 32% Jan. 47% Apr. 9 4 8 5% Apr. 24 16% Apr. 8 J an. 3 88 23% Apr. 4 Feb. 1 25 3 87% 68% 124% 1% Jan. Jan. Apr. 23 May 3% May 3% May 72% May 2 May 8% May May May May May May May May 21 May 1 4% May 17 5% May 1 8 3% May 17 15% May 3 92 % May Jan. 5 Jan. 12 4 Jan. Apr. 24% May Jan. May May May May 4 May 91 May % May Ex-dividend. 30 Apr. Apr. Jan. 11 May May May May Jan. Jan. Apr. 15 111* May May 4 2 Jan. 17 Feb. 20 May 1 Jan. 30 38% Feb. 1 75% Feb. 27 8 May 22 1 May 21 1% Mar. 25 20% May 28 10 May 22 1% Jan. 15 4% May 22 4% May 31 15% Jan. 9 17% May 29 17% May 29 33 May 28 May 22 1 % May 3 4% May 22 4% May 31 20 May 21 17% May 29 17% May 29 33 May 28 4% May 21 11% May 29 4 4 Apr. 4 17% May 10 15 108% Jan. 95 May 5 May 6 14 3 1 13 10 18 1 1 6 2 16 Apr. 8 30% Apr. 26 Jan. 14 12 28% May 13 May 1 % May 7 % May 6% May 29% May 24% May 29% May 46 % May 5% May 15 May 10 Feb. Jan. 18 May 18 28 123% Feb. 7 21 154 Feb. 29 May May May May 28 May 24 May 2 14 Feb. 19 55% % May 14 1% % Jan. 11 1 9 May 21 12 101% Apr. 10 101% 62 10 13 10 13 5% Feb. % Jan. Jan. 12% % lit 14% % 33 22 33 1 3% May % May 5% May % Mar. 6% May May 97 May 145 May . Feb. 2% Sale 28 24 81% 20% 3 22 95 9% 1% 1% 7% Sale 6% 6% 15 May 3 % May 3 28 10% May 9 21 % May 7 14 28 May 9 18 % May 18 28 119% May 10 21 154 May 9 14 40 May 10 14 % May 9 1 15 May 1 12 21 May 4 103 2 4% 2% Lowest Sale Prices Feb. 40 48 12 76 32 90 153 Ys i.K Highest Sale Prices 101% Sale Sale 1% % 1% \* Sale 101% 22 117 % 39 % 13% 6 4 isASale 1 13 15% 11% % 118% 48 Sale IPs % , 10% 151 41 IPs 4Ys Lowest Ask May 31 Ask Bid 5 3% c Sale 75% 12 1 Bid 4% 2,650 3,900 20,850 12,593 6,454 2,194 5,065 1,450 May Ask 4% 111 St 4,415 Bid 5 370 St Louis Nat Stockyards cap..* 360 250 1 Jan. 2 20 "5",797 RANGE SINCE JAN. Price Since 40 Jan. May 2jJ 8 Jan. 2 1 % May 16 2 Feb. 16% May 22 23% May 14% May 23 24% Jan. 14% May 22 28% Jan. 76% May 21 117% Jan. 4 May 21 7% Jan. 10 91 95 May 21 Apr. 30 % May 15 1% Jan. 9 ^ 3% May 15 3% May 15 72% May 23 2 May 31 8% May 22 5% 6% 93% 3% 17% Feb. 3 Apr. 16 Apr. 29 Apr. 8 Apr. 8 Baltimore Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON BALTIMORE STOCK EXCHANGE Stock Sales Jan. 1 to May -- 243,916 Jan. 1 to 1939 1940 $199,500 1,072,100 $279,800 1,348,600 May 39,457 240,865 65,603 Shares. Bond Sales 1939 1940 May May 31____ AGGREGATE BONDS 500 25,666 1,000 Shares 10,283 20 400 2,668 Atlantic Coast Line Conn Certificates of indebt 5 % 4,000 884,850 Bait Transit Co 4s fiat 1975 A 5s flat 1975 336,400 B 5s -.—1975 49,500 29,000 Finance Co of Amer49r--1947 Georgia & Alabama Ry Co 2,000 1st mtge cons 5% 1945 4,000 Interstate Bond Co 5% ..1946 STOCKS Shares 1,758 489 1,269 456% pref B 406 Davison Chemical Co com "4",306 10,430 2,982 3,443 2,012 1,507 609 1,510 682 440 3 2,616 7,200 420 16 2,237 614 1,400 431 20 19, 357 No Northern Central Ry Owings Mills Distillery 1 60 ..1 Penna Water & Power com Preferred 988 Western National Bank value par z 3256 I"" 34 39 9456 103 Sale Sale 96 100 100 Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices May 31 Ask 30 Sale 23 30 3456 Sale 9156 101 10356 102 166" 100 20 56 22 21 Sale 1.55 Sale 17 19 Sale 1456 Sale Sale 31c 40c 1.90 Sale May 15 May 21 May 21 84 35 May 15 May 2 6 84 23 May 15 May 21 May 21 May 28 103 May 17 30 92 102 May~2l 10 100 Mar. May 21 100 11 May May 40 56 May 81 11756 1.55 Sale 11 May 24 17 May 14 30c May 18 1.35 May 18 19 May 1 May 14 May 2 2.15 May 3 Sale ----- Sale 70 112 Sale 69 112 8 17 1 4 1056 Sale 3054 Sale 123 3056 956 125 3256 10 1256 30 12556 31 956 32 856 Sale Sale 18 Sale 10056 Sale 27 30 3156 956 Sale ..... 9 6 May 16 May 9156 May 25 May 956 May 4 May 1356 May 11 21 28 3056 May 2 3 22 12656 May 9 21 3156 May 956 May 9 22 4 May 9 9 2056 Apr. 69 May 112 May 756 Mar. 6 May 16 May 9156 May 25 May 956 Mar. 4 May 46 17 Sale 1856 Sale 1456 1656 12 35c 3oc 48c Sale 30c 35c Sale 45c 30c 25c 55c 30c 35c 27c May 21 May 21 May 21 19 50c 45c May 1 May 15 May 15 1.25 263 135i 2756 Sale" 2856 2454 Sale 2956 2856 2.25 Sale 4556 4356 13 56 Sale 1.40 1.50 86 5* 89 35c 20c 45c _ Sale 1256 1.15 Sale 8956 Sale ----- 50 1.00 84 Sale 8556 30 c 68 May 10 May 6 2856 May 22 2.25 May 1 4556 May 1 26256 May 17 May 2756 2656 May 1.75 May May 3956::::: 41 17 67 110 87 263 27 255 1256 2654 50 6756, 68 20 Sale '56" ::::: 1756 May 7 1.15 May 1 8954 May 11 30c May 21 68 May 9 12 May 1.00 May 84 56 May 25c May 5456 May Feb. 12 May 35c Apr. 25c Apr. 156 Mar. 258 Jan. Mar. Mar. Jan. May 4456 Jan. 12 May 1.00 May 8456 May 1356 2656 156 41 23c 6 6 14 May 21 101 30c Mar. 1.35 May 21 Feb. May May Mar. 28 4056 Apr. 4 17 May 28 82 May 20 118 87 3556 Apr. 9556 Mar. 1 May 28 103 56 Jan. 12 Jan. 36c 21 21 * 118 Phillips Packing Co556 % pf 100 15 Real Estate Trust Co 100 188 Seaboard Comm'l 5% pref ..50 Common... 59 10 2 44,071 U S Fidelity & Guar 173 • North Amer Oil Co com 10356 Sale 50 30 143 National Marine Bank New Amsterdam Casualty....2 19,534 9,968 1,259 22,050 2,282 2 """80 1 1 100 3,450 Merch & Miners Transp * 1,532 Monon W Penn PS 7% pref.25 1,031 MtVern-Woodb Mills com. 100 Preferred —.100 1,189 353 103 311 "5",404 5 3 Ga Sou & Fla 1st pref 100 125 Guilford Realty Co 6% pref100 9,214 Houston Oil preferred ..25 1,263 1 Ask Bid 1 .... 233 Maryland & Pa RR com 248 Mercantile Trust Co Bid 84 27 3156 * 8056 8256 100 117# Sale Eastern Sugar Assoc com v.t.c.l Preferred v.t.c._ 1 37,450 Mar Tex Oil Common class A 7,694 Ask 1 Fidelity & Deposit 20 Fidelity & Guar Fire Corp.—lO Finance Co of Am class A Bid par 29,665 Arundel Corp...... * 800 Atlantic Coast L (Conn) 50 4,985 Bait Transit Co com vtc * 1st preferred vtc 13,299 .....* 65 Black & Decker common .* 20 Brager Eisenberg Inc com. 4,072 Consol Gas E L & Power May 1940 BALTIMORE CITY BONDS- 170,650 81,650 1 Price Jan. 2 Since Jan. 1 May RANGE SINCE JAN. PRICES IN MAY BALTIMORE STOCK EXCHANGE SALES In Feb. 5456 May Apr. 112 Mar. 28 Feb. 20 2156 Jan. 16 4 2056 Apr. 55c Jan. 6 15 2056 Apr. 5 8356 Mar. 26 11956 Feb. 10 8 Apr. 4 Feb. 14 Apr. 18 3156 Apr. 23 Jan. 8 3256 Feb. 27 Feb. 5 10 130 4 May 9 Feb. 6 1956 Apr. 3 50 65c 55c 2 265 27 Mar. 26 Jan. 11 Feb. 9 Mar. 12 May 6 2956 Mar. 27 Jan. 26 Jan. 9 J* 50 Y.H 90 •40c Apr. 5 Apr. 23 Jan. 11 Mar. 27 Jan. 3 9 7256 Jan. Apr. 24 112 1456 39 Sale 22 33] Sale 3456 90 May 3 90 May 3 87 Feb. Mar. 90 75 Mar. 71 22 J 95 Feb. 9 2 18 13 May 14 13 May 14 36 Feb. 40 Apr. 1 13 Mar. 16 1456 May 33 May Mar. 15 Jan. 19 37 42 Sale ----- 16 56 31 Sale 34 1456 May 21 33 May 25 2256 May 1 3456 May 16 IV* Mar. 18 Ex-dividend \ 25 2.50 Apr. 21 \ ■ Boston Stock MONTHLY / Exchange YEARLY RECORD AND RANGE OF PRICES ON BOSTON STOCK EXCHANGE Stock Sales May 1940 Shares_ Jan. 1 to May 31__. AGGREGATE SALES 1939 292,378 2,098,954 BOSTON STOCK EXCHANGE In Jan. 1 11,000 Shares PRICES BONDS 166,000 East Mass St RR 1940 157 30,408 159 50 153 239 1,623 6,365 2,901 1,471 50 15 A 4 Ms *48 1948 92 93 100% ..1948 96 Series D 6s 1948 96 106 ser STOCKS _ 732 First preferred 66,753 American Telep & Teleg 230 Bigelow-Sanford 916 6% cum pref 3,909 9,333 19,024 9,245 6,111 5 4,OS6 180 290 1,478 170 83 1,061 200 951 5,745 145 " 2,764 24 15 418 37,110 5 324 87 1.720 1,104 5,343 2,337 266 80 1,627 1,098 600 25 4,845 235 5,712 475 7,443 3 30 1,215 623 Sale 45c lk 15% 172 k 50c 35c 1 »A lk 50c Sale 16 30 92 Sale 31* Sale Sale 149 25k 26 17% 18% 95 99 65 90 33c ik 15k 144 % k 15 k 93 k 81 Sale 69 Sale *66% 144 Sale 130 Sale 126 100 Boston Herald Traveler Corp.* 364 Boston & Maine pref stpd__100 Common (stamped) 781 100 44 Sale 46 Sale 40% Sale 20 k Sale 16 591 Prior 2k Sale 9 2 Sale 2 — 100 2 ...100 — .100 pref stpd ...100 ...100 _ Hecla 5 211 Cliff Mining Co 11,125 Copper Range Co 2% 2% lVs 1% 2% lk 14 17. * 10 Co 2,532 Eastern Gas & Fuel Assn com.* 8,507 4%% cum prior pref 100 6 % cum preferred. 6,708 100 2,071 East Mass St Ry Co 100 First preferred 1,184 100 Preferred B 100 1,535 Adjustment 100 1,873 32,893 Eastern SS Lines, Inc Preferred 355 * ___* 25 Economy Grocery Stores * 16,474 Employers' Group Assoc * 370 General Capital Corp ._.* Georgian Inc (The)— 8% cum class A pref 180 20 1,032 Gilchrist Co 5,827 Gillette Safety Razor Co 561 Hathaway Bakeries class A Sale 6k 2k 43 % 20 2 k 2k 2k 2k 3k 3 2 k 14 k 19 50c 2 k Sale 1 2 1% 3 k 1 3% 3k 2 k 1 k 3k 3k 3k 1% 3 k 1 3 k 2 >4 1% 3% 2 3 k 1 3% 3% 16 12 9 lk Sale 45c 4 k 5c Sale Sale 3 52 k 60c Sale 16 3k Sale 3k 2 k 41 k 23 23 k 15 k 66c 75c 60c 70c 58 61 61 54 58 15k 2k 3k 16k 3k 4 Ilk ik 21 23 22 k 40 22 40 16 17 15 15% 23 k 30k 6 k 13 7 k 8k 2 lk 4 k 2 Sale 24 k Sale 12k 17% 30 18 Sale Sale' 22 k 1 5 6 3 5k 6 k 5 4 4 k 100 1 Mayflower Old Col Copper..25 5,214 Mergenthaler Linotype * 17,883 Narragansett Rac'g Assn Inc.l 43 40 75c 45c 90c Sale k 5k Sale 4 2 28 38c 33 45c 6% cum pref 15 2,805 NYNH & Hartford 101,315 North Butte Mining 111 Northern RR (N H). 1 * * 100 12 k 2 lk 16 7 15 25 22 2k 2 17 k 7k 8 Sale 2 k 2k 2 4 15 1% 16 5% 18 ik 2 k May 26 May 12% May 60c May 54 May 10% May 1% May 4 May 22% May 12% May 16% May 23% May 4% May 4% 3% 28 45c 4k 3c if Sale 6 Sale k Sale 12% 14% Sale 4 % 5% lk lk Sale 1 1% 116% Sale 1 4 63 64c Sale Mc* Sale Sale %6 Sale 49c Sale 72 59 77 30c 60c 30c 40c 46c 72 12c 40c 11c 40c 11c 50c 10c 25c 39c * 14 k Sale 50 23 k Sale 25 lk 9k lk 11 k Sale 8 k Sale 11 k 12 Sale 9k * com 2,498 Union Twist Drill.. 24,957 United Shoe Mach Corp 6 % cum preferred 1,932 22,017 Utah Metal & Tunnel. 775 Venezuela Holding Corp... 324 Vermont & Mass Ky Co 3,704 Waldorf System Inc 60c 2k 9k 1.00 14 % 21k lk 9 60c 15k Sale lk 8 16 k 1 Sale 7 10 k Sale 8% 1 8% Sale 1% 10% 1% Sale 25 25 1 .1 100 * ; * 2,425 Warren Bros 356 Warren (SD)fc Co common..* 30 k 7c Sale 24 H 84 k 28 Sale Sale 43 k 47c 2 80 6k lk 25 k 10c 55c 2 k 90 7 lk 32 1 8c 28 k Sale 50c 24% 11c 3 53% 23% 75c 66 14% 1% 7% 27% 12% 25 30 May May May May 20 23 13 23 13 5 May 6 * May 4% May 42 May 45c 18 17 May 28 Mar. 12 Jan. 10 32% Jan. 10 8 May *66% May 126 May 38% May 16% May 2 103 Mar. 28 11 12% Apr. 5 Feb. 8 29 86 5 23 149% Jan. 5 23 50% Mar. 29 20% Apr. 18 Jan. 2 % Apr. 11 Jan. 17 5 May 22 May 17 1 1% 1% 1% 1% 1 % May Feb. 4 2% Jan. 8% Mar. 27 Jan. 10% Jan. 3 May 2% Jan. 3% May 3 Apr. 2% Mar. 2% May 3% Mar. 3% May 1% Feb. 16 Apr. 19% Jan. 18 Y 16 May 28 Feb. 7 May 15 Feb. 2 k Jan. 7 5 *' 1 6 13 May 24 May 20 Jan. 4 26c 17 4 3 5 3 20 27 9 28 7 13 11 5 7 1% Mar. 8% Feb. 21 Mar. 8 4k May 21 Mar. 14 23 5 k Feb. 21 7c Mar. 29 lk May 23 26 May 21 12% May 22 3% Mar. 12 55% Mar. 12 24% Apr. 3 3% May 23 7 6 10 7 13 Jan. 16 Jan. 12 May May May May May May 10 May 23 May 4 May 3 May 22 May 1 May 1 May Jan. 60c Feb. 54 May May May Apr. Apr. May May May 7 1% 3% 22 12% 16% 23% 1 1 24 24 23 66 1 2 22 22 21 Jan. May Jan. Jan. 20 Apr. Apr. 23 20 2% 7% 30 18% 26% 31% May 25c Feb. 6 Jan. 4 Apr. 16 Jan. 4 Jan. 20 Apr. 24 Mar. 9 23 9 25 % Mar. 20 4% May 20 4% May 23 28 3 17% Jan. 2 Feb. 2 May 42 7 20 May 20 1% May 26 Sale 58 k Sale 39% 41 40c 45c 2 89k ik 28 3 89 ik 32 6 % 25% 6% 1 27 2" % Apr. 11c Apr. 9 9 12% Jan. 6 Jan. 3 Apr. May 1% Jan. 12 May 5 May 15 May 2 May 12% May 1% May 15 May 7% May 22% May 2% May 5c May 16% May 6 %' May May May May May May May May May May May May May May May May May May May May 23 132 5c 12 3 15 4% Jan. 4c Apr. 3 1 108 May May 40 May 35c May 2 May 75 May 5% May % May 55 25 18 29 22 3 29 21 21 May Jan. May Apr. 24 9 8% Feb. Feb. 2% Mar. 5c Apr. 17 Apr. 6% May 6c Feb. 15 19 24 27 11 26 8 lk Feb. 5 38% Jan. Apr. 22 4 Apr. 20 65 May 16 137 12c Mav 9 lie Jan. 15c 52c May A3 May 3 May May May May May May May May 24 May 1 19c Jan. 52c 92c 72 14% 21% 1% 9 1% 11% 9% 75c 38% 32 4 Apr. 63 May Apr. Feb. 21 Feb. 92c May 8 61 Jan. 78 Mar. 27 25c Jan. 60c Apr. 8 Feb. 29 45e* 7% May 14% May 1 May 8% 1% 7% 5% 57c 30 May 73% May 44% May 57c May 2 May 90% May 7% May 1% May Mar. May 13 16% Apr. 24 Jan. 4 1% Jan. 9% Jan. 1% Feb. 16 Feb. 17 *4 12 Jan. 75c May 22% May Jan. 25% Jan. 55 May 40 May May 35c 1% Mar. May 5% May % May 26% Jan. 75 ** „ Apr. May May 38 % 5c 26 May 2 18 25 35c 4 65 1 24 4 15 28 3 23 22 15 1 15 21 21 23 24 22 nr. 2 May 2 May 3 May 16 May 6 May 8 May 4 May 24 11c Sale 7k 1% 38% 22% 57c 7 k 9 60c 30 Sale 45 3 7% 14% Sale 73 k 43 k 2 27c 7% 5% 60c Sale _~* ...5 92 34 108 40c (The) ' * 200 Union Cop Land & Min Co..25 Jan. Jan. May 22 A* May May May May 45c May 5% May 15% 15% 1% 7% 35 130 % 28c * 9% May 2 May 3 2% May 11 3 % May 3 3 May 20 2 % May 2 2 % May 9 3% May 13 3% May 7 3 3c 10c sin siH 125 i6 25c 10 23 21 22 15 24 16 23 21 21 22 22 21 May 28 May 7 12 May 22 4 k May 29 22c ~* 21 16 23 2 Sale * 24 20 18 May 9 1% May 23 12 May 21 5 May 21 15 May 21 26c 13,790 Torrington Co 1 10c Pennsylvania RR Quincy Mining Co Apr. 2 60c 1 2 1% Apr. 5 13% iFeb. 16% 144% May 28 175" 5c 25 Old Dominion Co Pacific Mills xEv dividend. May May lk May 4 >4 May 45c May 3% May 100 Reece Button Hole Mach 635 Reece Folding Mach Co 13,733 Shawmut Assn 12.963 Stone & Webster Inc No par value. 15 100 Colony Certificates of deposit 12 12 5c 100 Old lk 9 1% 11% 100 2.50 ..100 30c 11c 12% lk 14 k 6k 21 k 2k 400 1,300 National Ser Co common 1,235 National Tunnel & Mines 200 N E Gas & El Assn pref 10,385 New England Tel & Tel 29 New River Co common 3 May 22 17 May 11 May 15 May 20 May 18 May 9 May 28 May 7 1 3 36 27c 5 ..... 1 6k .100 Sale Sale Sale 21 1.00 2 15 25 4 k 99c Sale Maj| 3 1% May* 3 20c 6 * lk Sale 75c. .. 20c 4k _* Royale Copper 12k lk 5 k 50c 1 lk ik lk May * Class B 795 Suburban Elec Secur 2d preferred " 40 89 98 May 21 Apr. 88 May 24 101% Mar. 26 103% Feb. 6 106% Apr. 10 101% Mar. 19 106% Apr. 10 3 5 17 20c 1% 38% 16% May~27 3 16 7 3 8 May 25 7 * .1 320 Helvetia Oil Co t c 140 Int'l Button Hole Mach Co. .10 2,066 1,061 3,798 2,909 19,233 4,498 2,175 8 8 17 13 May 15 16% May 28 May 28 174% May 6 May 3 % May 22 May ,22 15% May 22 97 May 16 May 7 11 May 28 May 14 May 29 83 May 7 May 23 149% May 10 48 May 23 May 2 May 29 20% May May b 1% May May 14 1% May 5% 1% Sale 15 k lk 7k 2 Sale k 2k 2% 2 k 2 k 2k 5V2 7c 65c Sale 17% % 1% * Preferred 299 Loew's Theatres (Boston) 2,970 Maine Central Preferred 5% 1,390 6,168 Mass Util Associates vt c 2k 1 25 3,360 Isle 2 2k 3 704 Boston & Providence 100 805 Brown & Durrel Co common.* 5,369 Calumet & 2 k 9% 9 8 Ilk 1 100 pref stpd 1st preferred class A. Class B 1st pref stpd 1st preferred class B. Class O 1st Sale 2H 100 preferred Class A 1st k 1 11 k 100 Preferred. 100 100 CI E 4 % % 1st pref std 14 100 5,883 Boston Personal Prop Trust. * 1,827 560 lk Sale 150 415 50c Sale 742 40 88 Sale 92 550 96 _ 89 104 96 11% 1st pref class O 25 * 171 Class D 1st pref stpd Class D 1st preferred 14,965 90 93 87 78 231 60 97 May May 21 May 24 101 % May May May 3 106 May 103% 103 % May 11 106 84 97% Sale 1 * 865 120 724 Highest Sale Prices 145 & 287 East Boston > 100 Bird & Son, Inc Boston 10 590 1% 15 Carpet com.* 100 525 789 Lowest Sale Prices 100 339 1,050 Highest Sale Prices 100 5 1,768 97 Lowest Sale Prices Albany 1,556 709 Ask Boston Edison Co Boston Elevated 525 150 94 35c 50 1,521 Assoc Gas & El Co class A 311 2,876 50 3,497 1 par 5,126 American Pneumatic Service. * 4,172 6% non-cum preferred 50 100 34 RANGE SINCE JAN. IN MA Y May 31 lu6 9,714 4,433 1,475 1 Ask Bid Series B 5s 1,689 10 Bid Series O 6s 9 24 May Ask 15,900 21,550 " 2 ,444 Bid 28,550 Shares 1,220 1,880 Jan. 1 to May 31 1939 $64,300 215,900 Jan. 2 Par 10,150 2,400 5,550 May Price Since May 1940 $31,465 252,665 Bond Sales 726,073 2,129,734 _ 12 6 12% Jan. 5 Mar. 14 5 45% Apr. 33% Mar. 16 5c 31 Jan. 8 Apr. 30 78% Mar. 20 44% Apr. 29 62c 2 91 Apr. Mar. 12 2 Apr. 16 8 7% Mar. 1% Mar. 18 31 Apr. 30 , RANGE OF PRICES ON THE CLEVELAND STOCK EXCHANGE Stock Sales -Shares_ Jan. 1 to May 77,771 21,536 — 254,876 158,720 31.. AOOREQATE SALES May Jan. 1 320 335 587 1940 Par Bid 175 1 701 uBond Stores common 7,575 Brewing Corp of America 49 Canfleld Oil common 1,619 - 5,023 City Ice & Fuel 155 6%% preferred 545 Clark Controller 6,930 Cleveland Builders 1,227 25 335 700 806 3,511 12 79 715 2,654 10,238 44,918 3,262 4,375 12,555 1,212 190 710 176 1,070 3,626 1,090 May Ask 18% Bid 18% 8 9% 7% 64 13% 87 95 23% 6% 28% 6% 100 59 100 1 Realty—* Cleveland Cliffs Iron $5 pf— * Clev El 111 $4.50 cum pref * uCleve Graphite Bronze com.l Cleveland Rys 100 Cliffs Corp 5 Colonial Finance Co common .1 Commercial Bookbinding * Dow Chemical 5% pref 100 Eaton Mfg. Co.common 4 Klec Controller & Mfg * Faultless Rubber Co com * 29 Sale 5 8% "13% 13 13 97 96 98 5 16% 1% 18 14 16 3 2 36 18% 17% w 114 63% 62% Sale 114 39% 40 Sale Sale 28 Sale 17% Sale 12% Sale 12% 8 1% 7 45 107 13 10% 10 6 109 30% 34% 35 27% 50 35 45 47 17 20 16 17 12 365 120 21% 19 14 1,387 * 2,692 ttGeneral Electric com 1,133 General Tire & Rubber com-.5 Preferred __100 75 40 18% 3% 36% 17% 493 75 * 1,681 uGlidden Co common 3,989 Goodrich (B. F.) Co.co union * Goodyear Tire & Rub com.. .* 4,660 100 356 Great Lakes Towing 777 1,984 2,025 _ Preferred 100 210 651 Greif Bros Cooperage A com.* 5 232 Halle Brothers.. Preferred .50 594 55 300 32 160 263 Hanna (M A) $5 pref... 13 875 Harbauer Company 1,651 ulndustrial Rayon com 150 630 1,271 101 1,614 485 492 349 991 235 - 5,198 National Acme Co com 1 590 uNat Malleable Steel Cast com* 195 70 - 2,236 1,681 2,845 273 150 270 522 . 2,986 485 1,336 200 416 ^ 1,115 1,681 175 1% 28% 12% 42% 16% 16% 4% 12% 41% 18 25% 10 50% 14% 6 15 43 43% 32 16 18% 2 "38"" 8% 6 38% 11% 40 20% 24% 3% 24 3 3% 36% 34% 3 % 74 T% % 15% "7% 13 8% 12 Sale 14% 15 Sale 36% 22% 12% 7% 9% 9% 13% 12% 20% "23"" 38% Sale 9 * 8% 10% 11% 16% 13% 20% 37 37 47 47% ' 4% * • 2 3% 3% 10% 14 1% % 10% 10 9% 61 % 12 18% 6% 7% 5% 7% 10 9 10 13 10 10% 15% 16 Sale 32% 4 • 59% 5% 4% 18 3 21 22 29 21 23 22 29 6 9 1 60 May 6 1 44% May U% May 21 42 May 1 o98 May 24 9 3% May a 25% May 7 oil May 3 42 May 10 16% May 10 3 14% May 3 May 14 13 May 9 o.43% May 7 18 May 9 35 May 13 17 May 10 1% May 13 60 May 10 036% May 11 May May May 21 a20% May 2 May 21 o 18% May 14 a3% May 9 May 22 May 14 39% May 7 % May 28 a% May 8 a9% May 22 a 1 % May a% May 15% May 1 7 6 19% May 21 o23% May 12% May 12% May 22 08 % May a5% May 21 o7 May 15 al0% May 9 May 21 10% May 14 May 11% May 28 ol0 May May 25 ol3 al4% May 22 o22% May 31 May 22 38% May a 6% May a3% May 21 a 46% 4% 4 3 3% % 7% 1% 14 May 29% o26 38 a36% May 3 7% 14% 3 May 06% May o42% May 28 o62% May 10 5% May 17 4% May 14 3 May 22 3% 3% May 10 6 May 21 7% May 23 1 May 21 9% May 13 12% 42% 8% 30% 31 21 22 15 16 based, z 3 Jan. 60 Jan. z23 % May 4%.Jan. z24% Feb. z6 % May z42% May zl3% Feb. zl3% May 2% May 36% Jan. 55 Apr. % May z% May z!0% May Feb. a7% May 21 ol2% May 11 o27% May 28 o44% May 10 al2% May 21 o20% May 10 4 Apr. May 4% May 3 May '5% Feb. 1 Apr. 7% May Jan. x7% May z28% May zl2% May Reflects range of prices in primary markets. 8 21 30 18 28 21 23 21 22 9 10 28 8 15 75 Mar. 27 zl4% Jan. z98 Feb. 26 6 16% Jan. 11 Feb. 23 2 63% Apr. 29 zll4% Jan. 10 z43% Apr. 8 9 36 May 9 18% Apr. 8 13 Apr. 8 8 Apr. 117 5 Apr. 9 z37 Apr. Jan. 3 17% Jan z21% Jan. 3 50 . 6 5% Apr. 6 Jan. 2 z41 4 Jan. x 60 Jan. 29 3 4 5 17 6 3 _ 13 15 9 13 8 11 8 8 z40% Apr. 8% Apr. 19 z41 Apr. 16 zl3 Apr. 3 z53 Apr. 9 z21 % Apr. 30 z27 Jan. 4 6 23% Apr. Apr. 10 55 Apr. 10 4 1% Jan. 41 1 Jan. zl8% Jan. 30% Feb. 28 24% May 15 Mar. 20 z8% May 21 21 zl2% Mar. 10% May 21 28 14% Mar. 25 14% Apr. 21 z23% Jan. 22 40% Mar. 22 z8% Jan. 29 Mar. 13 z42 65 50 9 Mar. 21 Jan. zl6% May 21 z29 z6 May 18 zl2% Jan. 44 34 % May 28 Apr. 16 Jan. 9 17% Feb. Jan. 12 May 22 15 4Jan. 2% May 21 10 13% Mar. May 21 z29% May 21 z46% Apr. 18 May 16% Feb. 7 26 May May 28 35 13% May 13 17% Jan. 1% May 16 1% Apr. 14 1 Mar. 20 35% Feb. 9 z25% May 28o37% May 22 o43 ~ May 13 z35% May 3 27 3% May 14 May z6% May 23 ol0% May 11 5 1% 8% 90 3 z23% Jan. zl06 7 May 4 zl9% Jan. 6 z20% Apr. 6 z24% Apr. 18 Apr. 10 60 6 50 Feb. 1 May 50 Jan. 25 41% May 21 15 Jan. 22 11% May 21 41 Jan. 20 42% Apr. 12 z96 May 25 cl05%Mar.30 63 37 26 zl0% May 21 z89% May 31 zl2 May 20 1 % Jan. 13 46 May 20 zl08 ''May 21 z26 May 21 17% Jan. 13 12% May 28 10% May 18 6% May 16 113% May 22 z22 May 22 38% May 24 15% May 18 zl2% May 21 3% Feb. 19 z26% May 21 zlO % May 22 zlOO May 28 zll May 21 zlO May 21 zl2% May 22 13% Feb. 26 May 9 zl7 12% May 22 z5 % May 8 z7 10 May 9 3 May 11% May 13 4 zlO May 10 zl4 May 31 2 May z3% May 3 65 35% 28% 36% 2% 6% 11% 41% were 24 21 Jan. May 22 z29% Apr. 25 z7 Mar. 15 z4% May 23 30 30 % 17 6 * primary markets on which odd lot sales 4 10% 14% 1 pref .100 22 9 10 1 28 10 13 11 18 3 20 1 1 74 65 35 % 36 59% * 3,246 Youngstown Sheet & Tube 500 uYoungstown Steel Door com. * 2% 33% 7% 6% 1 1 18% ol5 17% a 13% 3 a.2% 38 38% 16 % 30 '20% 16 22 18% May 12% May 7 May 115 May a32% May 49% May 16 May a 18% May 5% May 037 May al7% May al00%May ol7% May al6% May o21% May 2 53 17% Sale 15% 4 85 3% May 19% a 16% May a6 May 7% 37 35 34% May 16 13 16% May 12 13 12 May 3 2% May 2% 10 7 13% May 34 a31% May 33 18 17 17% May 26 30 May 25 13% May 13% Sale 1 % May 2 1% , 60 May 60 27%- ~28% a23% May 8 4% a35 May 18 35 May 10 039 30 8% 7 a6% May 28 o 10% May 15 74 1% 18% "iff 12% 41 38 18 4 1% 17% 7% 53 20 26% 100 com.. Sale 35 1 1 * * 782 Vlchek Tool— 552 Warren Ref & Chero com 1,552 Weinberger Drug Stores 3 13 "•15% 35 common 10% 1 % 27% 10% 3,773 Thompson Products Inc com.* 368 uTimken Roller Bearing com. * 119 W R I Corp 6% prior 2,662 White Motor 17% 14% 26 13% 23% 7,021 uU S Steel common 2,242 Upson-Walton— 7,878 Van Dorn Iron Wks Co 16% 14 % 6 * * 1,925 Troxel Mfg 1,212 uTwin Coach a96 41 37 5 Stouffer Corp— Class A $2.25 cum pref 42 99 5 40 36% 10 * 40 95 28 11% May 37% 21 a40% May 21 36 May 55 May 41 % May 13% 25 35% Sale 39 13% 3% 24% 10% 2 55"" 10 Sale 60 11% * 102 17% 35 Sale 14 33 70 42 4 65 * Reflects prices In Unlisted. a 16 % 41 103% 11 Sale 44% 11% 15 11% 104 60 51% 60 5,094 Otis Steel Co common 1,148 Packer Corp 1,758 Patterson-Sargent 1,978 Reliance Elec & Eng com 12,259 uRepublic Steel common 16,639 Richman Bros 1,032 Sciherlintr Rubber Co com Sparks Withington Co— 6 % cum conv pref 17 11 22 15 * 539 Union Metals Mfg Co ' 15% 28% 19% 12% 45 1,363 * * ... 45 " * 41 * 794 Ohio Brass class B_. 55 Ohio Confection Co cl A com.* * 4,015 uOhio Oil common 424 365 * * ..100 2,455 National Tile 1,612 Nestle LeMur "A" 4,234 uN Y Central RR com. 270 Nineteen Hundred Corp A 745 700 4,522 4,520 .. 7,476 National Refining $6 prior preferred 1,962 40 8% cum pref 528 300 ♦ * 235 Myers (F E) & Bros Co com.. » "l ,399 1,224 * 775 Murray Ohio Mfg.. 66 - 13% 13% 3% 12 % common..1 * 415 Monarch Machine Tool Co "190 3 36 1,379 Metrop Pav Brick Co com.. * 43 M etropolitan Pav'g Brick pf 100 * 1,129 Midland Steel Prod * 2,998 Miller Wholesale Drug 10 39% 102 * * 2,073 Medusa Portland Cement 782 12 12 375 McKay Machine 693 McKee (Arthur G) class B 275 18 18 17% 17 16% 21% Sale 66 ~46% 28% * 18% 20 12 * 760 Leland Electric 1,112 uMartin (Glenn L) 18% 19% 23% * 7,206 Lamson-Sessions 255 * * 23% 36% 3% 29% 103 * 2,781 u Inter lake Iron common 4,127 Interlake SS 682 Jaeger Machine ... 3,207 Kelly Island L&T. 985 " — 22% "41*" 6 4 May 16 zl9% Jan. 10% Feb. 21 8% Mar. 6 4% Apr. 13 May 21 8% Apr. 19 6% Jan. 11 3 z45% May 21 z66% Apr. Apr. 18 8% May 21 zl5 zl3 zl9 9 fllO a26% May 20 May Sale 12% May 11 10% May 10 6% May 113 113% May Sale a23% May 48 38% May 17 15% May 14% a.12% May 5 6 May 30% a27 May 12% a 10% May 101% alOO%May 12% a 10% May 12 a9% May 15 al2% May 15% 24 29% 49% 3 13 a90 31 Sale 29% 114% 116 116 10 13 11 6 70 10% 2% 112 36% May May 22 a!3% May 1 May 25 0963-1 May 9 14 al2 May 13 May 28 al5 2 May 1% May 22 2% 46 58 May 20 63% May 10 109 May 13 al07%May 17 0112 11 12 115 a 1734 May 10 14 May May 21 4% May May 6 8% May May 21 a 63% May May 21 a!3% May 90 May 9 90 May May a!9% May 23 a28 a4% May 23 a6% May 9 91 88 58 Highest Sale Prices 44 65 12% 21 70 u 20 19% 4% 94 113 Lowest Sale Prices 4 4% 7% 8% 50% c46 11 a8% 85 22 % 13 4 14% 6 * 49% 63 Highest Sale Prices 14% al3% May 22 12% 6% 60 % 13 Lowest Ask 17% 11% 4% 8% 59% 12% 3 — 4 ...... 750 uFirestone Tire & Rub com. .10 * 909 Fostoria Pressed Steel 656 377 279 1 Sale Prices May 31 1 Ask Bid 16% 10% ""5% — 245 - STOCKS 802 uAddressog-Multigraph com. 10 634 Air-Way El Appli 1st 7% pf 100 1,235 Akron Brass Mfg com (new) .50 5 1,710 Amer Coach & Body 1 1,337 uAmerican Home Products * 1,671 Apex Electric & Mfg Prior preferred 100 510 910 RANGE SINCE JAN. PRICES IN MAY Price EXCHANGE Shares 166 209 Jan. 1 to May 31 Jan. 2 Since Shares May_ CLEVELAND STOCK In 1939 1940 Bond Sales 1939 1940 - 26 3 2 _ 10 13 7 3 3 11 5 3 12 5 63 Mar. 13 36 Jan. 6 38% Apr. 16 J an. 3 Feb. 14 8 z52 5% zl3% 15% z68% 5% 4% 6% 1% 10% Mar. Mar. 7 Jan. 3 Jan. 20 Apr. 1 Feb. 27 Feb. 21 Jan. 2 Jan. 20 13% Apr. z48 % Jan. z28% Jan. 3 65 9 4 No print sales only Detroit Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON DETROIT STOCK EXCHANGE Stock Sales 1940 May AQQREOATE SALES 1939 i 450,007 Shares_ 210,861 | Jan. 1 DETROIT STOCK EXCHANGE In Jan. 1 Shares 450 7,739 872 1,441 12,960 500 5,925 320 STOCKS Allen Elec & Equipment Atlas Drop Forge common Bohn Aluminum & Brass Bower Roller Briggs Mfg Co 15,706 1,025 125 260 3,725 1,396 3,700 10,240 1,510 150 100 520 325 398 117 - 5,184 12,200 1,970 7,216 850 9,180 256 100 1,065 18,193 7,075 2,125 5 .♦ 1 common Brown-McLaren Mfg Co Burroughs Adding Mach * 1236c * Casco Products Corp Chamberlin Metal Weather _* 1 * 187 920 2,572 14,515 22,780 9,277 8,930 16,350 1,508 400 26,350 560 400 10,735 300 12,212 9,575 ""348 3,470 1,420 15,573 102 18,420 9,593 ~9~, 041 5,265 2,119 977 ~2~ 050 3,325 1,500 772 7,395 500 2,563 618 '"6",505 10,715 765 1,645 4,220 100 100 5 90% 15 90c 3 IX 1% 1X 15% 5 * com. Frankenmuth Brewing com..1 Fruehauf Trailer Co com 1 3 * * 1 10 common Goebel Brewing Co common. .1 IX 68c 85c 3% 1% Sale 2% "70c" 73c 5% 6% 15% 13% 18% 13X * 13% Sale 1 45c Sale 1 _1 50c 10 24% . page 61. IX 4 IX 2 53c 25 4% IX Sale 27% II? rl? 58% Sale 85c 8 90c 5% 58% 1% May 23 236 May 21 May 20 436 May 23 28% May 1 2736 May 21 13% May 22 60c May 24 7% May 22 75c May 16 8 May 14 8 May 10 May 634 May 2836 May 37 May 2236 May 90c May 1034 May 75c May 16 8 May 14 55% May 21 8536 May 22c 236 May 136 Feb. 236 Feb. 3 34 26c _ 119 122 IX Sale IX Sale 70c IX 16 13X 1 65c 3% Sale ..... IX 62c 236 1% 14 75c 80c Sale 100 IX 1% 75c 9734 Sale 1 Sale IX 77c 79c 75c 10 13% 1336 19 "6% 1X Sale 1 16 "60c" 75c 26 1 27% 3% 636 1 May May May May May May May May May May May May May May 27 May May May May May 2 May 23 May 4 May 33 May 11 May 136 May 3736 May 2 May 15 75c 15 4 23 134 16 15 20 1534 25 99c 22 12236 15 136 15 13 13 8 136 90c 1336 19 25 934 14 1 20 17 8 16 15 4 9 1 1 20 13 8 2 14 Sale 63c 98c 75c 22 May 1 65c Sale 50c 75c 45c May 14 7 9 7 May 24 1136 May 10 5 "28" 'l4% Sale" 3X 2% 25 6 4 Sale 27% 11% 2% 2 ..... Sale 33 35 10X 2% 12% 53% 2% 2% Sale Sale 11% Sale 7 17% 10% 13% Sale 14% Sale i? Sale IX 45c 25 4 1X 6% IX Sale 25X Sale IX 40 X 2 2% 6 2836 1036 336 1736 1236 2936 Sale Sale 28 35c Sale 33c 10 136 42c 20 136 71c Sale 25c Sale 27c Sale 8 iH 7X 136 25c 1 10% Sale 2% 2% 1 18c Jan. 436 24 36 2734 1336 May Feb. May May 60c May 756 May 75c May 8 May Highest 8 5 12 23 29 21 22 24 22 16 14 Sale Prices 2 % May 8 434 Apr. 6 May 7 734 Apr. 9 2834 Apr. 30 37 May 9 2334 Apr. 30 136 Feb. 20 1236 Jan. 4 26c 134 Jan. 934 Jan. 13 23 28 434 Sale 1436 May 15 10 9 3 1 42c 1934 234 136 24 Sale 78c 37c 68c 38c 18c 34c 18c 134 436 75c 236 736 136 5 May May May May May May May May May May May May May May May May May May May May 28 22 21 15 15 21 22 22 14 17 14 29 21 22 3 24 24 95c 75c 436 Sale 134 4 40c 60c 55c 1036 1236 436 11 936 1236 21 434 21 1636 8 236 May 15 3236 May 29 2 8% 136 8 136 21 28 15 1834 May 1336 May 28 May 1436 May 536 May 45c May 136 May 46c May 26 May 4 May 136 May 24 May 1 May 71c May 27c May 2 May 536 May 134 May 534 May 11 May 236 May 9 1 22 3 3 1 2 14 2 ~ii% "12" 16% Sale 1436 16% 6% 80c Sale 17% 7X 1336 Sale 15 "3% Sale" 336 44% Sale 10% 20% 8% Sale 43 36 Vi I IX 2% 2456 4% 1% 1X 12 96 23 Sale 25 5 IX 1334 100 24 2% Sale 5 4 Sale 2% 4 70c 2 5 3 125 Mar. 13 36 May Feb. 2 23 4 May 15 Apr. 30 Jan. 15 May 21 May 15 May 22 May 15 May 21 2034 14 136 8% 1% Sale 44 2036 Sale Sale 0 Sale 234 3236 15 Sale 3336 May May May May May 21 21 60c 1436 1736 7 1636 336 4334 10 34 134 7 1134 Sale 734 136 936 May 21 1 May 15 634 May 21 136 May 22 1436 May 136 May 9 May 134 May 136 1% 236 Sale 2 22 636 136 136 13% 26"" 236 334 436 4% 6 8 6% 2 Sale 23 636 236 136 14 9834 -2636 134 134 234 136 1736 4 ..... 136 12 136 236 Sale 19 434 136 136 14 28 22 21 15 15 21 9 17 9 8 22 15 17 Feb. 15 35c ... Feb. 13 5 May 24 72c Mar. 21 10 10 4 Jan. 26 736 Jan. 136 Jan. 2 2 '26"" 2036 Sale 2 Sale 236 3 21 236 434 636 736 234 1836 May 2 May 2 May 236 May 4 May 4 May 136 May 2634 236 336 436 536 Sale _ 436 236 5 6 334 21 15 23 28 21 24 18 May 3 May 1 May 9 May 11 May 7 4 May 24 136 May 18 26 Feb. 436 Mar. 134 Jan. 24 May 136 Jan. 75c Apr. 27c Apr. 2 34 Jan. 7 9 24 7 4 14 11 9 17 18 Feb. 29 134 Apr. 15 6 Apr. 15 1136 Mar. 28 236 Apr. 15 May 6 16 Apr. 1834 Apr. 836 Feb. 1636 May 436 Mar. 4436 Jan. 2136 Jan. 14% Apr. 136 Mar. 936 Feb. 18 1 May May Jan. May May May 19 • May 434 May 1 May 1 May 12 May 9836 Mar. 1836 May 2 May 2 May 236 May 21 22 5 15 24 15 28 28 22 15 Jan. 9 10 Mar. Jan. Mar. 4 Jan. 136 Jan. 60c 60c May May May May May May 29 Feb. 23 Jan. 8 4 2 43c 936 1256 434 1636 236 3236 2034 834 1 5 4 Apr. 634 136 136 136 2 34 136 52c 5 8 15 19 21 21 21 8 15 Jan. 55c 99 8 25 1334 Apr. 6 Apr. 19 Apr. 1436 Feb. 28 May 1636 Apr. 656 Feb. 9 17 15 15 136 May 13 236 May 1 2 May 1 2134 May 14 636 May 2 136 May 6 136 May 3 1334 May 2 33 15 3 536 Feb. 6 Apr. 1436 May 10 May 28 May 9 May 3 May 33c May 1 May 10 136 May 15 234 May 24 136 May 15 19 May 28 434 May 28 1 May 22 1 May 15 12 May 14 23 1 8 29 24 18c May 22 1 36 May 3 8 1 9 1 3536 May 436 Feb. Apr. 1536 Mar. 434 Jan. 234 Jan. 3236 Jan. 636 Apr. 34 30 30c 19 19 Jan. 14 1 3 Feb. May 2 Apr. 18 1336 Jan. 256 Jan. 56 Apr. 336 Apr. 136 Jan. 80c Apr. Feb. l May May May May May May May 3 13 1036 Feb. 16 136 May 23 3736 May 28 2 May 22 75c May ■ 45c May 14 32 l 9 2 8 Jan. li'A !8 636 May 1 Apr. 334 2034 1036 236 5 Feb. Jan. 236 Mar. 27 156 Apr. 10 Apr. 4 19 27 8 3 Jan. 134 Apr. 9836 May 1 May 136 May 75c Apr. Apr. 1836 Jan. 29 19 34 Apr. 10 136 Apr. 23 Feb. 1934 May 22 234 May 14 136 May 17 24 May 14 78c May 29 1 3 14 2% "2% "3% 9036 16 34 136 456 5534 May 1536 Jan. 62c May 236 May 136 May 15 May 14 May 26c 60c 6 15 21 2 33c 1 MX 8 Sale 5X Sale Sale 43c Sale 3 78c 95c 136 24 2 334 2634 1036 236 7 1434 Sale 83c 2 40 1 1% 5% 4 2% 32% 4% 1234 Sale 40c 2% 11% 35 27 "lX 90c 18c 2% 32 15 14 15 21 15 22 May May May May May May May May May May May May May May 3536 May 1 334 May 14 34 May 9 1434 May 1 336 May 3 236 May 1 25 May 13 6 May 1 33 May 2 11 May 13 236 May 10 5436 May 9 236 May 1 85c May 17 65c May 1 3 21 * _ Lowest Sale Prices 15 6 13% 5% _ 23 11 99c 30 New certificates Highest Sale Prices 78c 5% 25% 12% Sale 4% 5% 2% Sale 27% 20% 4% 5% 32% Sale 10% 14 2% 2% 54% Sale 2% Sale Class B Hudson Motor Car Hurd Lock & Mfg Co com Kingston Products Corp Kinsei Drug Co common Kresge (S S) Co common .1 4% 4% 16 35% 3% Houdaille-HersheyciaihsA....* * 22c 22 6% IX Graham-Paige Motor com .1 Grand Valley Brew common__l 1% 3% 1% 2% 18c 10 4 3 __5 Ask 19 1 15,038 Motor Products Corp com * 6,746 Motor Wheel common 5 50,663 Murray Corp common 10 102 Muskegon Piston Ring com 2.50 56,078 Packard Motor Co com * 24,084 Parke Davis & Co * 4,979 Parker Rust-Proof com 2.50 36,764 Parker Wolverine Co com * 19,825 Peninsular Metal Products 1 11,252 Pfeiffer Brewing Co com * 4.767 Prudential Investing Corp 1 8,213 Reo Motor common 5 2,355 R®° Motors Inc vtc 1 6,143 Rickel (H W) & Co common..2 8,284 River Raisin Paper com * 7.560 Scotten Dillon common.. 10 69,653 Sheller Mfg Co common l 2,145 Simplicity Pattern common..1 14,377 Standard Tube Co class B .1 4,478 Stearns (Frederick) common..* 164 5% cum part pref 100 18,802 Timken Axle common 10 28,457 Tivoli Brewing Co common.. 1 2,836 Union Investment Co com * 6,007 United Shirt Distributors .* 27,742 United Specialties common 1 300 U S Graphite Co new com. .5 695 U S Radiator common 1 215 Preferred 50 see 95c Sale 10 1 Lowest Sale Prices May 31 5% 5% 85% Sale Sale 3,983 McAleer Mfg Co common * 79,828 McClanahan OR Co common.1 3,750 Michigan Silica Co common..1 1,225 Mich Steel Tube Prod 2.50 27,248 Michigan Sugar common * 2,214 Preferred __10 52,378 Micromatic Hone Corp .1 62,855 Mid-West Abrasive com 50c 5,657 Moore (Tom) Distillery Co 1 RANGE SINCE JAN. 9 12336 23,110 Masco Screw Products For footnotes 9 9% 15% 145 Mahon (R C) class A pref 548 7 10X 1% 00c Lakey Fdy & Mach common..1 9,391 LaSalle Wines & Champagne_2 145 5,750 'U34 Sale" Sale Co. common ..5 50 Home Dairy class A * 5 ,447 Hoover Steel Ball common. .10 4,258 Hoskins Mfg Co common..2.50 33,161 Sale Sale 30,495 Hall Lamp 187 ~22% 80c Gar Wood Industries com. 1,216 Gemmer Mfg Co class A 1,398 Class B 3.559 General Finance Corp com 13,594 5,489 3,300 2,610 1,160 5,415 23 "iex 780 Detroit Steei Products new 2,072 Divco-Twln Truck Co 675 Durham Mfg Co common General Motors Sale 100 Federal Mogul common 3% 27c 80c 7,995 Detroit Gray Iron Fdy 1 45,332 Detroit Mich Stove common_-l 15,985 Detroit Paper Products 1 964 Detroit Steel Corp common. .5 Eaton Mfg Co common Eureka Vacuum Cleaner Ex-Cell-O Corp Sale 6% 28% ,10 28,334 Detroit & Cleve Nav com 3,310 Detroit Edison common Federal Motor Truck Sale 1 Ask Bid 30% 2136 2 3,226 1,265 636 336 1,800 1,580 3 25c Crowley, Milner & Co com 1X 4 27c Continental Motors common.1 225 Cunningham Drug Stores_2.50 884 Deisel Wemmer Gilbert com.10 3,265 1,258 15,480 51,176 13,369 19,075 4,701 28,101 2 Bid 2 5 .10 common Consolidated Paper com Consumers Steel Products 52,061 28,315 15,618 14,725 ~ IX May Ask 25c 5 common Chrysler Corp Bid 5 Bearing Burry Biscuit Corp 650 Capital City Products 10,925 1.493 3,882 43,265 1,848 1 5 Auto City Brewing common._1 Baldwin Rubber common .1 Strip Co """750 1940 Par - 5,485 1,330,161 Jan. 2 6,430 8,515 5,495 31,987 2,647 2.766 24,393 7,026 15,447 5,760 150 1939 1,673,804 PRICES IN MA Y Shares 4,075 1,100 1940 Shares_ Price Since May Stock Sales to May 31 14 30 21 15 23 28 10 May 24 136 May 18 2 27 6 16 8 12 8 31 30 13 2 Jan. 19 Apr. 136 Apr. 15 Jan. 15 236 Apr. 10 2 3 4 25 Jan. 4 7 Apr. 17 156 134 1436 9936 2636 236 336 456 736 736 236 1134 Mar. 14 Apr. 18 Mar. Jan. Apr. Jan. Mar. Apr. Apr. Feb. Apr. Jan. 14 17 23 27 11 10 8 19 17 24 DETBOIT June, 1940] 61 STOCK EXCHANGE AGGREGATE PRICES IN MAY DETROIT STOCK EXCHANGE SALES In STOCKS May Jan. 1 Shares 200 Par 1,504 Universal Cooler class A_. * Class B * 16,290 4,941 Universal Products common..* 860 Walker & Co class A * Class B * 8,791 64,210 Warner Aircraft Corp com 1 38,430 Wayne Screw Prod common—4 21,500 Wolverine Brewing Co com 1 2,020 Wolverine Tube Cocom..—2 165 400 1,037 23,615 6,200 2,700 875 2% 1% ..... 23 % 4 1% Sale 1 9c 6] 78 J 11 Preferred 100 2,992 Young (L A) Spring & Wire—* Bid 1 4% 1 5* 12c 7% 104 115* Ask 5X 3% 1X 1% 4% Sale 23 5* 26% 3% 15* IX 18c 23 "3% Sale 24c 6Vs 6X 26 2% 1% 1X 3 Sale 1% 18c 20c 6 7% 106 90 11X Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices May 31 Ask Bid 185* 27 3 46 """790 Ask 55* Bid 1 May 1940 Shares 3,400 RANGE SINCE JAN. Price Jan. 2 Since 90 7 8 3% May 15 1% May 6 17 X May 14 15 15 15 15 22 3 May May IX May 17c May 4% May 90c 26 May May May 2 May 25c May 5% May 4 1 18 11 18 3 4 14 106 12 3% May 15 1 May 21 17 % May 14 23 May 14 3% May May 16% Jan. 23 May 3 May 90c May 15 21 1 Feb. 15 10c Jan. 10 14 15 15 5 4% May 22 Feb. 104 95* May 16 12%. May 9 22 8% May 2 Feb. 27 4 1451* May 9% May 16 10 May 11 8 15* Jan. 25* Apr. 8 25c Apr. 10 65* Mar. 15 Mar. 29 29 105 4% May 25 173% May 4 22 22% May 27 21 23% May 1 55* Mar. 21 25* Mar. 26 235* Apr. 8 135* Apr. 16 UNLISTED DEPT.— 6,337 American Radiator 1,153 Amer Tel & Tel Co 1,588 712 935 10 % 171% Sale Sale 1725* 842 225 35 2,497 1,010 141 , 155 23 % 22X 8,307 Commonw & Southern Corp. 2,421 Consolidated Oil Co 1,007 Dow Chemical Co com 155 Electric Auto-Lite. 660 840 4,643 1,236 7% 1,257 409 409 Montgomery Ward & 85 48 % 1 1,711 2,907 Sale Sale Sale Sale 29 33% Sale 6% 165* 185* * Sale 27% 24% Sale Sale Sale 6X Sale 4% Sale 15% Sale 10 % Sale Sale Sale 16% Sale 9% 1% 10 * 63 12 % * 5% Sale 11 10 Sale Sale 7% Deferred delivery sales. r Sold for cash. x Sale 11% 1 May May May May May May May May May May May May May May May May May May May May May May May 21 21 31 21 22 28 21 21 21 10 21 17 21 22 22 23 22 28 21 May 28 May 22 7 % May 22 5% May 28 Sale 46% 2,907 Yellow Truck & Coach a 25% 23% 32% 3% 13 50 15 No par value. 3 37% % 1% Sale 34 * 6 * Co. 4% 145X 185* 17% 13 % 3X 4% % 5% 137 % 25% 2 560 U S Rubber Co 1,711 U S Steel Co 560 6% Sale 2,590 Socony-Vacuum Corp 9,089 Standard Brands Inc 1,070 1,035 sale 1 245 Pennsylvania RR Co 889 Purity Bakeries Corp 85 Sears Roebuck & Co 245 Sale Sale Sale 1 16,117 Nash-Kelvinator Corp 4,618 National Dairy Products 27,934 New York Central RR 310 Sale 3% * * 1 2,383 Kennecott Copper Corp * 4,656 Kroger Grocery & Baking Co.* 6,704 1,091 11,008 Sale 4h * * 5 - - 149 22 16 120 Electric Power & Light 2,152 General Foods Corp 2,695 Hupp Motor Car Corp 3,042 Internat Industries com 5,510 Jacobs (F L) Co com 120 233 Sale 50 2,122 Borg Warner Corp common. .5 225 Budi Sheel Co * 35 Cities Service common 10 316 * 100 935 Anaconda Copper 1,470 Borden Company Sale 15% May 23 42% May 28 10** May 22 22% May 3% May 4% May May 7% May 154% May 30% May 3% May 48% May May May 3% May 35% May 34 May 35% May 6% May 17% May 15% May 17 May 14 May 66% May 11 May 7% May 18% May 48% May 12X May 2% 1 28 22 7 9 14 21 29 6 20 1 8 13 3 27 1 7 9 23 4 27 1 4 29 21 27 18% 17% 13% 3% 4% % 5% 137** 25% 3 375* % 1% 2 25 J* 23% 325* 35* 13 95* 151* 10 63 75* 5% 15 k 425* 105* 105* Jan. 1755* Mar. May 24 Apr. 255* Jan. 3% May May May May May May May May May May May May May May Apr. May May May May May May May May May May May May May May May P 4 13 27 5 3 28 22 Apr. 8 4 Jan. 1705* Apr. 11 305* May 21 35* May 29 49 • Apr. 15 2 Jan. 1 2 May 35* 385* 345* 355* 75* 185* 185* 1 Mar. 5 Jan. 4 Apr. 13 May 27 Feb. 16 Apr. 17 Jan. 3 17 May 23 155* Apr. 4 665* May 27 2 125* Jan. 8 Apr. 8 May'29 185* 485* MayJ21 125* Mayl27 Ex-dividend. Philadelphia Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE PHILADELPHIA STOCK EXCHANGE Stock Sales 1940 May Shares- Jan. 1 to May 31.._ 1939 391,151 Bond Sales 1,355,126 1940 1939 May. 155,650 1,129,657 $45,000 Jan. 1 to May 31 $182,500 224,500 AGGREGATE SALES PHILADELPHIA STOCK EXCHANGE In May Jan. 1 $ PRICES IN MA Y $ BONDS 1940 Bid STOCKS Shares 1,749 266 » 532 1,008 5,502 3,699 5,138 Bell Tel Co of Pa pref9,118 Budd (E G) Mfg Co 9,648 Budd Wheel Co 561 2,172 Curtis Pub Co —.6 2,378 Valley 101,172 Pennroad Corp v t c 58,155 Pennsylvania RR 321 100 Pennsylvania Salt Mfg 1,870 Penn Traffic common 1,362 Phila Elec of Pa $5 pref19,073 Phila Elec Power pref 584 Phila Insulated Wire 231 7,464 2,200 Phila Rapid Transit 2.275 7% preferred 2,212 Philadelphia Traction 695 2,819 "8", 559 319 63,432 135* Sale 172 % Sale Preferred 4,320 2,055 Westmoreland, Inc 454 Westmoreland par value. 95* 1465* 1054 9 5* 95* 95* 11454 Sale 11454 3 3 5* Sale 35* 354 4 Sale 57 5* 115* 105* Sale 149 14 11 Sale Sale Sale Sale 855* Sale 155* 1165* 4 %' 55* 119 34 25* 35* 85* 2 Sale 345* 25* 35* 85* Sale 255* Sale 40 s Coal Ex-dividend, May May May May May May May May 2 May 255* May Sale Sale 120 Sale Sale 27 1225* 35 25* 25* 8 Sale 2 235* Sale 164 169 176 25* 3 Sale Sale 215* 14 Highest Sale Prices 14 Feb. 10 645* Mar. 28 May 21 1465* May 23 105* May 21 May 23 113 Apr. 11 3 May 15 35* May 22 575* May 23 2 May 15 255* May 29 38 May 23 May 173 5* May 13 5* May 155* May 1165* May 5 May 55* May 855* May 3 5* May 335* May M 16 26 38 May 1115* May 30 May 15* May Sale 1% 15* May 65* 55* May 30 1 J* 15* 16 5* 159 Sale Sale 23 555* May 8 18 123 5* May 9 21 35 May 1 23 25* May 11 2 54 May 28 9 8 23 May 1 2 5* May 15* May 28 1 May 22 22 May 9 May 31 168 May 18 2 5* May 21 2 2 5* May 21 25* 25* 114 113 1135* May 29 1165* May Sale 1 30 29 295* May 22 305* May 11 Sale 16 19 165* Sale 180 25* 1165* 305* * ..1 32 54 Sale 14 5* 159 1115* May 30 May 15* May 15* May 5% May 18 1255* Jan. 10 21 355* Apr. 2 23 2% Mar. 11 28 35* Feb. 8 23 83* Apr. 8 Mar. May May May May May Jan. Apr." 8 Jan. 4 Apr. 16 Mar. Jan. Jan. Jan. 21 10 20 23 Jan. 7 8 485* Sale 75* 42 85* 435* 465* Sale X %? 5* 5* % 6 5 355* Sale 41 Sale % 3A 5* h % Sale „ 45* May 21 345* May 15 85* May 43 May 38 May 28 5*6 May 6 5* May 21 % May 21 2 Jan. 4 Jan. 115* Jan. Jan. Sale Feb. 6 2 4 May 21 May 15 46 5* May 1 May % May 6 Jan. 5* May 21 % May 11 Mar. May Jan. Sale ... 23 No 1 60 ..60 2% * 25 Tacony-Palmyra Bridge— Class A participating.. * 4,245 Tonopah Mining 1 1,223 Transit Invest Corp... ...25 Preferred 9,416 .......25 4,057 Union Traction .....60 24,505 United Corp common *| Preferred. ...» 3,864 267,236 United Gas Impt common....* 900 • 60 * 830 550 Lowest Sale Prices Sale .....50 50 ...50 1,183 Salt Dome Oil Corp.... 6,834 Scott Paper.. 280 110 Sale .10 5,864 National Power & Light 80 Highest Sale Prices 11% Jan. 2 645* Mar. 28 54 1,757 Lehigh 897 1,376 Ask Sale * 703 Horn & Hardart (Phila) com » 1,799 Horn & Hardart (N Y) com..* 17.551 Lehigh Coal & Navigation- 875 1,970 Sale * common 13,109 243 135 145* Sale Sale 12,858 Electric Storage Battery 3,185 Lowest Sale Prices May 31 16 o General Motors 43,457 23,629 Sale 60 10 100 ♦ 1,709 Chrysler Corp 488 1 Ask Bid Bid Sale 125* ..100 531 Bankers Sec Corp pref 792 Barber Asphalt Corp 3,782 11% May Ask par 10,773 American 8tores 9,121 American Tel & Tel 3,522 1 Jan. 2 181,500 Elec & Peoples tr ctfs 4s—1945 1,000 Lehigh Valley ann 6s Shares RANGE SINCE JAN. Price Since 125* ........* 114 .._..._* 11 * 12 Sale Sale • Sale 14 15* 15* 15* May 29 5* Sale 285* May 10 105* Sale May 1075* May 1085* Sale 9 5* May 95* 11 10 14 1254 May 2 % 15 28 375* 22 125* 31 114 11 21 13 125* May 2 May 9 May 2 May 1 May 1 May 13 May May May May May Jan. 8J* May 49 Apr. 485* Mar. 7 % Feb. 14 5* Feb. 29 1 Jan. 10 45* Feb. 3 25* Jan. 6 415* Feb. 13 155* Jan. 6 1175* Feb. 24 12 Apr. 10 125* Apr. 9 San Francisco Stock Exch MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE SAN FRANCISCO STOCK EXCHANGE " Stock Sales May—..— Jan. 1 to May 31~_ AGGREGATE SALES 1940 May BONDS 1940 21,000 Atlas Diesel Eng Go 6%..1945 Commonwealth Edison Go— 22,000 3)4% —1958 32,000 Market Street Ry Go 7% -1940 Certificates 7% 10,000 1940 1,000 S J Lt & Pwr Corp 6% ——1952 98 May Ask 100 5,322 Alaska Juneau Gold M cap.. 10 Angio-Am er Mining Corp Ltd— Common 1 6.026 17,845 Anglo-Calif Nat'l Bank. 20 11,784 Assoc Ins Fund Inc com cap. 10 10,976 Atlas Imp Diesel Eng Co..—5 111 Bandini Petroleum Co com—1 1,112 Bank of Calif Nat Assh cap. .80 800 Beech Aircraft Corp common. 1 17,060 Bishop Oil Co cap.—.—..2 10,262 Byron Jackson com cap—...* 10,591 Calamba Sugar Estate com..20 Preferred ——20 3,795 * 3,691 Calaveras Cement Co com 310 Calaveras Gem Co 7 % pref 100 225 Calif Art Tile Corp class A * 35 Class B_....... ———* 4,580 Calif Cotton Mills capital. .100 36,183 Calif-Engels Mining Co....25c 1,200 3.032 2,582 3,815 ..... — 100 ■455 '""920 1,588 2,990 1,165 2,237 140 70 25 1,443 3,200 628 1,072 California Ink Co, Inc. capital * 23,223 California Packing capital...* Preferred 50 1,771 256 Calif Water Service Co pref. _25 7,170 Carson Hill Gold Mg capital.. 1 9,477 Caterpillar Tractor capital—* 101,016 Central Eureka Mg Co com.. .1 7,401 Chrysler Corp common ...5 5,319 Olorox Chemical cap——10 371 Coast Cos G & E 6% 1st pf.100 10,905 Commonwealth Edison—..25 2,412 Consol Aircraft Corp com 1 5,456 522 256 1,785 2,857 26,652 4.033 375 45 1,112 563 Consol Chemical 400 1,727 75 5 825 114 5,962 1,269 14,821 4,329 3,116 1,600 734 3,350 1,027 50 630 260 Galland Mercantile Laundry— 530 Common (capital)....... * General Metals Corp— 70 708 ~2~, 296 2,000 185 1,275 128 618 "2,951 100 1,623 1,526 "1,093 2,249 329 13,701 856 155 4,553 820 ' 6,307 27,141 8,354 3,727 5,441 67,503 3,102 4,945 788 9,417 13,950 1,670 92,432 6,345 8,071 515 405 90 2,399 136 5,650 110 685 4,566 * Common capital 2)4 General Motors............10 General Paint Preferred Corp common.* * ... Gladding McBean Co com...* Golden State Ltd capital.....* Greyhound Corp common * Hale Bros Stores Inc capital.. * Oil...............* Hawaiian Pineapple Co......* Hancock Holly Develop Co common...1 Home Fire & Marine Insur Co of Calif capital .10 9,040 Honolulu Oil Corp Ltd cap—* 272 Honolulu Plantation capital-20 729 * 1,158 Hudson Motor Car com 5,999 Runt Bros Packing common-10 Preferred... 10 15,452 615 Hutchinson Sug Plant cap.. 15 Ask 6>i 10c 6^8 50c 6)4 10c 654 Sale 7)4 4 454 554 3)4 6 H 3)4 Sale 7 4)4 121 h, 126 120 11c 3)4 4)4 ..... Sale 4)4 6)4 4)4 Sale 5)4 3)4 4)4 105' 20c 6 Sale 5)4 115 1 354 iM 2.00 1.50 1.75 1.05 2.50 15 )4 18 Sale }?* 14)4 1754 2154 9)4 12)4 12 4 1.55 35 8 2.00 50 21)4 2.25 38 2.75 8)4 "9)4 80c 10 1.00 65c \iy 18c lo 13)4 20c 15c 39 41 40 2354 50)4 Sale 51)4 21i63221»32 1.55 1 - 1454 Sale 42 7 30c 7)4 90c 10 7 20c 12c 30 54 354 89)4 48 106 X 34c 5454 Sale 91 52 30 Sale 6)4 Sale 1554 50 49)4 5054 4X Sale 84 50 3254 2754 85)4 54)4 Sale 15c 44)4 3 58 38 24)4 Sale 754 8)4 90 60c 1.95 320 17 X Sale 70c 2.50 285 1954 320 Sale 93 )4 Sale 50c 80c 2.50 Sale 320 287 1354 Sale 80 Sale 21 21 22 16 17 2.25 May 12 17 21)4 3)4 40 8)4 65c 14)4 15c May May May May May May May May May 9 13 3 10 7 14 5 130 Apr. 354 May 29 4)4 May 23 20c 10c May 5)4 May 3 3 3 103 125 17 May 15)4 Jan. 9 May 12)4 May 1954 Jan. 9 3 Mar. 29 21)4 Mar. 29 19 2.00 Mar. 3)4 May 7 Apr. 22 65c 40 9 65c 6)4 May May 12c 17 25c Apr. 15 1 25C 26)4 May 8)4 May 554 May 13 2725 1 50 Jan. May 15 Jan. 10 Mar. 27 May Apr. May 14 20)4 May 13 52 May 26 May 19)4 May 24 8 )4 May 6 4)4 May 31 5 8 Feb. 40 1 17 Feb. Jan. 11 Mar. 25 9 754 Feb. 5)1 May May May May 37 May 50 May 4)4 May 86 May 52)4 May 107 May 3254 May 29 354 May 29 6)4 Feb. 2 13 13 2 35 Mar. 25 Apr. 16 Fen. 14 Mar. 26)4 Feb. 52)4 Jan. 6 8 26 May 6 32c May 14 May 50 May 25 May 16c May 45 May 2.75 May 59 May 49 May 106 Jan. 8 Jan. 9 Mar. 1 iW 55 87$ 57 109 33 Jan. 31)4 Jan. 29)4 Apr. 285 May 15 285 12)4 May 21 21 95 75)4 May 21 1.25 6 854 4)4 Sale 5 9)4 Sale Sale Sale 44 Sale 654 1054 19)4 43)4 954 1054 3?M 33 31)4 >4 OA? 32)4 26 45 y2 97 27 Sale 9854 28)4 37 80)4 2.10 1.25 1.50 7)4 4)4 3 1.50 May 21 5 May 22 4)4 May 6 17)4 20 19 20)4 18)4 20 4 May 28 8)4 May 22 14)4 May 23 35 May 22 954 May 15 32)4 May 2 38 May 29 77 May 22 19)4 May 21 1.25 May 18 19 May 29 20 22)4 20)4 22 17)4 20 17)4 May 18 7)4 54)4 SX 55)4 53 8)4 9H 18 4054 11 30)4 35 95 6 11 Sale 41)4 36 % Sale 7 6 54 554 30)4 34 5)4 6 9)4 Sale 17 1754 13 14)4 36)4 38 31 19 554 10)4 1454 15)4 36 75c 85c 1954 75c 40)4 42 41 17 18 15 13 11 554 60c 2.00 7 Sale 10)4 2.90 8)4 20 40. 33)4 6)4 1054 15)4 Sale 40 75c 3)4 8)4 3 15 5)4 17 37 9 31 40 84 21 1.50 7 6 54 27 4 7)4 10 8 38 4)4 27)4 3)4 7)4 30 4)4 Sale 1054 14)4 Sale 25)4 14)4 29 15 Sale 50c 65c 10)4 8)4 35)4 12 10 4254 Sale 14 3 1.10 50c 3)4 10 4 9 Apr. 12 Feb. 27 Feb. 15 Apr. 8 31)4 Apr. 15 2.25 1 11)4 4)4 39 2.15 13 454 50c 21,377 Magnavox Co Ltd capital..2)4 6,248 Magnln & Co (I) common * 91c 1 70c 95c Preferred.. 100 Merchant Cal Mach Co com..5 Meier & Frank Co.......... 10 Menasco Mfg Co common 1 Nat Auto Fibres Inc com stk 1 Natomas Co capital.........* Sale 98 18 8 954 107 18)4 1254 11)4 354 Sale 10 9)4 3)4 North Am Inv Corp com...100 605 6% preferred........... 100 186 5)4 %ipreferred —100 7,677 North Amer Oil Consol cap.. 10 Sale 10 H 4 3554 20)4 5)4 5)4 8 90 106)4 12)4 14' 9)4 10 354 Sale 654 Sale 8 2.50 Sale 3)4 27 23 30 27 16 17 14 19 10)4 25 X 1,210 Occidental Insurance capital .10 1 12,650 Occidental Petrol Corp com O'Connor Moffatt & Co- 11 8 15c Class AA common........* 5 2,209 Oliver United Filters Inc A...* Class B............... * 10,439 21 4 6)4 23 5 5)4 20)4 5 21 23 18 28 22 21 25)4 20 Sale 10c 6 23 3 Sale 16)4 4 8)4 Sale 23c 4)4 20)4 Sale 4)4 May 31 285 May 15 300 Apr. 12 12 % May 21 19)4 Apr. 30 75)4 May 21 95 May 9 55c Apr. 20 70c Jan. 11 4 May 28 8)4 May 22 14)4 May 23 35 May 22 8)4 Mar, 20 854 Jan. 10 7 10 54 May 8 20)4 Apr. 44)4 Feb. 29 31 2 32)4 May 1 45)4 May 99)1 Apr. 6 33)4 Feb. 16 20)4 May 9 7)4 May 10 .5254 May 10 6 May 6 31 May 14 554 May 10 10)4 May 2 13)4 May 17 15)4 May 20 75c 35 41 1 4 13 10 4 May May Jan. 22 31 Apr. 17)4 May 18 22 Feb. 23 6 56 34 6 7)1 May 21 15 Apr. 30 13)4 Jan. 17 Jan. 31 35 May 20 11)4 May 24 9 May 22 4 May 14 29 22 7 2.80 May 10 2 5)4 May 13 2.80 May 11)4 May 4 May 23 41)4 May 13 14 6 23 23 16 15 15 31 May 7 54 May 12)4 May 25 954 May 21 2.50 May 15 554 May 21 7)4 May 21 2.50 May 21 17 May 28 23 May 14 8)4 May 29 20 May 31 10c May 16 5 May 15 16)4 May 24 3 May 22 3954 May 5 May 25c May 1.10 May 9)4 May 19 12 454 10)4 10 3 )4 28 25 10)4 25 15c May May May May May May May May May May May 1 6 9 20 16 6 4 3 10 17 7 2 13 7 13 10 3 1 5)4 May 3 20)4 May 13 5 54 May 8 1754 Jan. 3 12)4 Jan. 6 6)4 Feb. 19 1.15 Feb. 13 4 Mar. 27 854 Apr. 18 2 Feb. 28 Feb. 8 Jan. 30 Apr. 5 Jan. 3 30c Feb. 20 1.30 Apr. 17 Jan 9)4 Jan. 19 Feb. 29 May 106 Jan. 19)4 Apr. 23 12)4 Apr. 11 May 17 Apr. 13 10)4 Mar. 28 1,75 Jan. 14H 554 May May May 17 May 23 May 8)4 May 2^50 2i Jan. May 2SH Jan 26 28c May Jan. Apr. 19 Apr. 22 41)4 Apr. 15 5 Apr. 12 12)4 May 954 May 5 8 Feb. P 4)4 Feb. May 10c Feb. 40 25c 20 76c 44 35 9 27 54 Mar. 102^ 7 3 44 Apr. 36)4 May 21 May 6)4 Jan. 50c Mar. Jan. 1154 Mar. 6 4 1754 Apr. H7i 15)4 Apr. 11 n 40 Apr. 15 20)4 Jan* 5 354 Apr. 37 36)4 May 21 May 754 May 29 May 454 May 25c May 60c May 8)4 May 5 7)4 Jan. 13 8 Apr. 6 7)4 Feb. May 21 May 23 14)4 May 22 May 23 15 )4 May 2.20 Mar. 11 4)4 May 18 27)4 May 28 3)4 May 22 38 Jan. 2.80 May 10 11)4 May 21 4)4 May 23 2 20 2.00 Jan. 8 Feb. 354 May Jan. 17 9 May 23 11 26 Feb. 18 12 50c May 10 May l May 21 May 14 3)4 Jan. 10)4 Jan. 5)4 Jan. 22 21 18 55c 2 Jan. 36)4 Jan. 77 May 19)4 May 1.25 May 37 20 24 22 14 12 12 654 May 1 10-54 May 7 19)4 May 1 44 May 2 10 May 14 32) May 2 45) May 99 May 27)4 May 2.05 May 20 May 14)4 May 22 50c May 23 May 11)4 May 9 May 4 May Apr. 30 954 Feb. 21 6 Apr. 6 26 1.50 May 21 5 May 22 33 44 31 9)4 May May May May May May 19 H May 24 8 Feb. 2 9 9 6 3)4 May 9 May 4)4 May 10 354 15)4 654 42 .. May 15 May 4 May 9 1.10 2 8 30c 36 6 Sale Sale _ Sale 5)4 6 80c 4)4 15)4 Sale 1 6 4 80c 50c 11 5)4 2 9)4 4)4 30c 35 1954 554 4)4 Sale 107 32)4 Sale 29 1.50 May 21 9 May 21 12)4 May 22 21)4 May 10 4 2 May 37 May 23 7)4 May 22 65c May 13 6 )4 May 21 12c May 23 26)4 Sale 8)4 854 5)4 Sale Sale 25c Feb. 6)4 Mar 6254 26)4 21)4 25 52 May 6 7)4 May 1 45| May 3 634 May 9 3 May 15 120 May 1 May 5)4 May 3)4 May 354 May 3 May 103 May Sale 2854 23)4 354 May 29 5)4 May 13 10c 10c May 14 May 1654 50 Sale May 25 May 25 16c 27c May 45 May 47 2.75 May Sale 59)4 59 May 49 50 May 106)4 May 106 27)4 3254 May 22)4 38 24)4 27c 2.75 40 35 354 May 29 4)4 May 23 454, 5)4 20 6)4 3)4 5)4 8)4 MM Highest Sale Prices Sale Prices 100 Jan. 16 10154 May Mar. 64)4 Feb. 27 82 Mar. 4 72 133)4 Apr. 26 133)4 Apr. 2 3754 5)4 No par value. 1 6454 Mar. 25c 479 1 70 * .. 25,057 5,337 277,447 29,947 22,^14 1,283 Lowest Highest Sale Prices 81 754 37)4 454 Class B—— Lowest Sale Prices 101)4 May 14 10154 May Sale 37 37 22)4 6 2954 Sale 454 5 54 651 RANGE SINCE JAN. 128 359 IXL Mining Co 2 Pesos 6,428 Langendorf United Bak & A..* Class B. * 7,527 162 Preferred .......50 4,831 Leslie Salt Co capital 10 6,458 LeTourneau Inc common.... 1 4,240 Libby McNeill & Libby com.. 7 51,373 Lockheed Aircr Corp com.... 1 2.027 Lyons-Magnus Inc A * 335 "6",444 Emporium Capwell capital...* 4,933 Food Machinery Corp com..10 3,205 Foster & Kleiser common—2)4 Class A preferred...... 707 25 2,054 1,370 815 El Dorado Oil Works cap....* Electrical Products Corp...—4 ... 312 3,077 * Preferred w w ...50 Emsco Derrick & Eq Co cap.. 5 300 Ewa Plantation. 20 1,063 Fireman's Fund Indem cap 10 4,756 Fireman's Fund Insur cap 25 490 10,209 2,532 1,231 1,696 18,490 10154 62 100 280 17 5 700 Cypress Abbey Co common 2 3,986 Di Giorgio Fruit Corp com.. 10 Preferred ..........100 2,916 2,820 Doernbecker Mfg Co........* "2,i46 / San Francisco cap. 151,125 Crown Zellerb Corp com Preferred 8,528 69,649 2,998 — — 1939 $1,000 20,000 Industries 10,880 Inc class A partic pref * 4,708 Consol Ooppermines Corp cap 5 1 6,967 Creameries of Am Inc com Crocker First National Bank 1,883 May 31 May 31 1 Ask Bid STOCKS par Shares 100 Aircraft Accessories Corp A_50c 765 f Bid 75 - 100 Jan. 1 to PRICES IN MAY Bid Shares 1940 $16,000 86,000 — Price Jan. 2 $ 16,000 May 340,938 2,511,804 FRANCISCO SAN STOCK EXCHANGE Since Jan. 1 In Bond Sales 1939 1,095,384 3,408,176 Shares_ 9 16)4 May 24 3 May 22 Jan. Feb. Feb. 554 Apr. 23)4 Feb. 454 Apr. 3 7 3 19 19 19 8 9 8 63 FRANCISCO STOCK EXCHANGE SAN June, 1940] AGQREOATE SALES January 2 1940 STOCKS 1 May Ask Bid Paauhau Sug Plant Co cap—15 6% 5% 1254 10 Pacific-Amer Fisheries Inc—5 Pacific Can * Co Pacific Clay Prod Sale 49,344 Sale May 25 % May 28% May 25% May 34 May 100 May 3% May 16 May 22 22 22 21 21 21 21 21 115 May 22 14354 May 31 95c 26 h 29% 26% 37% 25 25 com—* -* 31H Sale - 1,050 1,335 1,363 55,790 9,745 1,477 51,333 21,721 9,130 110 17,947 27,971 1,356 2.459 441 113.057 4,184 1.650 3,726 5.284 \ 40 140 pref 100 Philippine Long Distance Tex Co capital 100 Pesos Phillips Petroleum Co cap__--* Pig'n Whistle Corp partic pf-* Puget Sound Pulp & Tim * Ry Eq & Realty Co Ltd com..* 6% preferred 100 Rayonier Inc common..-----1 Cumulative preferred 25 Republic Petroleum Corp -1 Preferred -.....---.50 Rheem Mfg Co Richfield Oil Co common * Com stock purch warrants.. Roos Bros Inc common -1 Series A preferred— 100 Ryan Aeronaut Co com cap-.l Safeway Stores Inc common-.* Schlesinger (B F) com -* Preferred 25 Shell Union Oil Corp com—.* 5 % % cum conv pref 100 Sherwood Swan Co Ltd cl A. 10 4% 4% 16% Sale * 132 115 149^ 2,611 Pac Tel & Tel Co common.-100 1,234 6% preferred —100 640 Pacific Western Oil capital—10 7,768 Paraffine Cos, Inc, com—---* 883 101 109 Sale -* 12,032 Pac Pub Serv com 12,573 First preferred 14344 5% 28% sal* 40 % 1.35 1.25 2954 12 May May May May May May May May May May May May May May May May May May May May May May 1554 2954 3754 Sale 14' Sale :40 Sale 24 % 1.80 43 34 17 % 12% 5% Sale 1.50 75c 18 13 9454 105 Sale 50% 1,03 354 39% 2.10 1.50 6% 4% Sale 8 107 34 99 3% 1.50 28 21 100 % Sale A-.25 (cap'l)-lOO 22 Sale 2,523 Sou Cal Gas Pfd 6% cum 98% 28% 6% 63.715 Sou Pacific Co com 100 Sou Pac, Golden Gate cl A—* 12 X 3,628 Sperry Corp common v t c 1,828 Spring Valley Co Ltd capital- 1 * 10 2.50 2.50 38 1754 754 75c 17 106 654 fib 554 1254 99 1.50 28 42 10054 34 14 May 9 May May May May May May May May May 22 May 10 May 1 May 10 May 9 May 14 May 13 May 3 May 15 May 24 May 10 May May May 43 % 95.344 Stand Oil Co of Calif capital7,968 Super Mold Corp of Cal cap Sale 30 22 9c 14c 10c 60c 45c 60c 45c Sale 96 100 capital—2 Sale Corp Ltd— Common capital -1 14c 554 May 13 22 54 May 1 3054 May 9 15c May 1 46c May 10 12 May 6 96 May 10 5 54 May 1 5 54 May 17 54 May Sale 4%% preferred 16* oys 78 4% q zy V78 85 Sale May May May 1054 May 95 54 May 4 54 May 17 22 21 25 22 22 22 21 21 21 21 21 22 31 19 24 15 7 554 Feb. 954 Apr. 26 1554 May 1 454 Feb. 27 1.50 Jan. 15 3454 Apr. 3454 Apr. 3154 Jan. 16 50 10854 554 2154 13854 154 3 Jan. 30 Feb. 20 2 Jan. 7 Mar. Jan. 12 754 Apr. 9 43 54 Feb. 23 10054 Jan. 11 25 2 2 4 54 Jan. Feb. 2 39 Feb. 11 1.35 Jan. 1254 Jan. • 5 10 Jan. 1.00 Apr. 26 2954 May 50 Mar. 1.50 Apr. 28 12 May 18 14 May 21 2454 May 28 1.80 May 15 Jan. 9 27 2454 Mar. 7 2754 Apr. 30 3754 May 9 2.75 Feb. 6 May 18 3854 Jan. 18 3 1954 Jan 1254 May 21 4 854 Jan. 554 May 21 1.50 Jan. 25 75c May 22 13 May 21 1754 Feb. 29 103 May 17 10854 Mar. 30 7 3 54 May 15 Apr. 24 4 3954 May 15 52% Apr. 1.90 Mar. 10 1.50 May 14 4 654 Jan. 454 May 21 12 ' 8 May 24 Apr. 16 1.50 May 24 10754 Feb. 21 1.50 May 24 99 May 15 22 May 24 3054 Mar. 20 21 May 21 38J4 Apr. 30 9 9854 May 14 10054 Feb. 34 H Jan. 10 2854 May 21 3 15% Jan. 654 May 21 34 6c 5% 2,275 Thomas Allec Corp class A... » 12,572 Tide Water Assoc Oil Co com.10 114 1254 May 7c 21,076 Texas Consol Oil Co com—-.-1 221.704 Transamerica Corp If* 39 15M May 1.50 May Sale May 554 May May 354 May 95 May 2554 May 2854 May May May 100 May May May 115 May 1454 May 754 Apr. 30 May 99 May 1.05 May 2.50 2.50 5 10 5054 May 11 18 100 Preferred May 10 1.05 May Sale 3,963 Signal Oil & Gas Co class A-.* 96,020 Soundview Pulp Co — -5 1,010 May 24 4254 May May 15 10034 May 50 52 % 40 % 50 554 May 10 954 May 1554 May 4 54 May 1.30 May 33 May 3354 May 30 May 4554 May 107 54 May 554 May 1954 May 132 May 152 May 99 30 90 103 cum conv Highest Sale Prices 5 3% 20.853 Pac Coast Aggregates com__-5 60,560 Pacific Gas & Elec Co com-.25 6% 1st preferred 18,319 5%% 1st preferred 25,718 Pacific Lighting Corp 2,106 $5 dividend pref Lowest Sale Prices 10 1.00 1.50 Highest Sale Prices May 17 5% May 22 May 21 3% May 25 4% 5% 5 * capital Lowest Sale Prices May 31 Par Rhares 1,285 6,926 6,774 I,120 1 Prices Since Jan. 1 RANGE SINCE JAN. PRICES IN MAY FRANCISCO SAN STOCK EXCHANGE Jan. 12 4254 Apr. 19 554 Mar. 11 11^ 22 May 22 10c May 24 May 15 45c Apr. 5 1 1054 Feb. 2 9054 Apr. 454 May 21 Jan. 12 4554 Apr. 16 Jan. 12 6c 6 4 2654 Jan. 3354 Feb. 27 Feb. 5 60c Feb. 16 12 May 6 May 10 20c 96 654 Mar. 14 Treadwell Yukon 30,435 Sale 37,622 Union Oil Co of Calif cap 25 10,361 Union Sugar Co common-.-.25 16.243 United Air Lines Trans 5 —10 8,653 Universal Cons Oil 9% Sale 13 — 82 Weill & Co com II.885 12 6% 13 % 8 / 14c 12% 8% 14% Sale 4% 30 100 Un Tr cap 100 Steel of Calif 8 % 3 10 8% 11^ 37,507 Vega Airplane Co —1% 6,824 Victor Equipment Co com—1 Conv cum pref— 6.616 .-5 682 Waialua Agricultural Co 20 460 Weils Fargo Bk & Western Pipe & 7c 13 22 4% 25 95 302% 270 300 6c 12 654 12 54 8 654 354 8 24 97 Sale 270 13c May May May May May May May May May May May 1554 954 May 13 May May May May 6c 12 654 May 22 1254 May 21 2154 1254 8 1254 May 454 3 454 May 13 May 8 27 May 14 24 100 May 24 97 290 May 14 270 15 18 1554 May 21 2254 May 16 18 15 May 18 15 19 17 May 15 2054 May 1 17 May 15 10 17 17% 19 50 50 common May 28 May 21 19 21% 16 21% 3% 20% Sale 17 22% 2.00 2.15 25 29 2654 254 May 21 Jan. Jan. May May May May 12 9 14 22 9 1554 Jan. 18 Jan. 6 1754 Jan. 10 Apr. 5 2354 Apr. 15 3 1554 Jan.. 14 Apr. 16 2 454 May 13 May 2 30 Apr. 22 24 100 Feb. 8 28 301 Apr. 8 2254 May 9 36 Sale 15c 21 Yellow Checker Cab Co— 1,278 Series 1 25 Sgfigs 2 3,850 Yosemite Portf Cem Co pf_.10 UNLISTED STOCKS cap—20 45 American Factors Ltd 830 Amer-Hawaiian SS Co com..10 100 Amer Pow & Lt Co common. 2,110 Amer Rad & Stand San com..* 14,889 Amer Tel & Tel Co com.. --100 110,821 Am Toll Bridge (Del) com 1 100 Amer Woolen Co common— 10.637 Anaconda Cop Mg Co com..50 7,715 _.,Anglo Nat Corp cl A com—..* 5,530'Argonaut Mg Co Ltd capital-.5 . .. 370 Ark Nat Gas class A common.* 1,158 304 4,721 900 240 1,635 10.704 2.290 17 10 224 100 1,588 1,447 5,528 Atch Top & S Fe RR com.. 3,586 Atlas Corp common 24.236 Aviation Corp (Del) com 11.335 100 5 3 Aviation & Trans Corp cap—1 100 811 B & O RR common 7.507 Bendix Aviation Corp com—5 32,930 t Blair & Co Inc capital Bunker Hill & Sullivan Mg 7.742 -~2% & Con Co common Calif-Oregon Power— 6% pref (non-callable)—100 371 6% pref (1927 series) 100 100 Calif Pacific Trad Corp pref..* 34 731 Calwa Co 2.907 Claude Neon Lts Inc 10 com— 3,061 Assn Inc common * 1,505 5,645 Consol Edison Co N Y com.. 2,996 Consol Oil Corp common * 59,851 Curtiss-Wright Corp com... 4,711 Dominguez Oil Fields cap 865 Dumbarton Bridge Co com..10 5 3,241 Elec Bond & Share Co com 10.060 General Electric Co com 594 1,404 Goodrich (B F) Co common..* 835 10 39 45 355 250 510 350 "81 501 18,604 39,463 973 3,541 5,535 15,856 20,553 2,989 1,300 1,080 3,680 10,025 1,011 *• — - 24,262 70 252 14,300 _ 200 2,803 15,894 * .. Internat Nickel of Can Ltd._» Internat Tel & Tel common—* Italo Petrol Corp of Am com.l cum preferred 1 Kennecott Copper Corp com.* Kleiber Motor Co capital 10 3 8 172 54 172 55c 70c 88c 9 10 30 31 954 2854 22 8% 354 2% 2454 8% 754 554 31% 154 8% 452% Sale 854 Sale 3% 654 3254 Sale 1354 1454 354 82 2 9 1.75 2.00 1 % 13% 6% 5% 2% 14% 7% 5% 3H 3% 27% 2% 3 27 90c 12 54 12' 88 88 50c 85c 40 3354 454 54 10c 7 Sale 50c 8 3054 3154 754 754 1054 Sale 3354 Sale 854 3154 3254 7 7% 10.54 Sale 3254 33 54 25c 40c 25c 754 4054 8 4154 37 1954 2054 16 54 4 75 25 1 25c 554 7 Sale 17 90 20 54 1.00 3 35c 7 Sale 1.25 25c 20c . 654 6 3754 48 454 8ale 14c 15c 1.55 Sale 3754 654 75 101 20 40c 3854 654 654 2854 654 Sale 2954 3 54 11c 15c 1.30 Sale 3454 3354 10c 10 1.50 May 23 2 10 May 13 8 May 3 May 3 May 20 15554 May 15 91c May 1 May 11 Sale 554 Sale 50c 4 9 554 8 28 54 25c 2554 654 Sale Sale 40c 1054 4% 3054 1154 50 80 16 18 80c 2.00 4 29 1854 May 21 8 54 May 21 1.50 May 22 14 10c 2654 May 21 May 23 90c 954 May 24 5 May 20 May 22 3054 May 11 10 54 May 10 2.80 May 6 18 May 13 754 May 10 3 54 May 13 3454 May 156 May 13 May 11 76 May 20 May 22 554 2054 254 11c 80c 26 54 6c 554 2154 254 Sale Sale May 3354 May 4% May 54 May 40c May 23 31 17 15 8 70 May 28 May 6 54 May 7 54 May 25 May 25c May 6 May 3454 May 11 14 8 1.00 May 23 3354 May 31 654 May 2 54 May 1 50c May 1 8 May May May May May May May May 11 10 15 16 8 16 6 1 70 May 20 2054 May 1 1.00 May 4 31 654 1154 33 54 25c 654 37 70 May 20 2054 May 1 1.00 May 4 23 26 1954 654 May 554 May 22 654 May 29 May 3 May 12c May 1.30 May 2054 May 24 2 54 May 14 10c May 15 80c May 27 3 29 Sale 23 24 4 Sale 3 2,832 McKesson & Bobbins Inc com 5 50,850 MJ&M&M Consol capital. 1 lie" "i2c~ 70 Monolith Portl Cement com..* 558 8% Preferred ..10 Montgomery Ward & Co, 5,842 Inc, common * 42,022 Mountain City Cop Co cap. 6c No par value. _ 454 654 654 4 8 553 43 t Formerly Bancamerica Blair Corp. 5c 454 854 Sale 454 Sale 8c 4 8 . 4754 354 t Odd lots. 5 16 9c May 14 754 May 14 454 454 4 8c 6c May 4854 4 3554 2 54 9 3754 3 54 Mar. 20 May 23 18 28 14 15 14 21 4 5 13 Apr. 30 70 May 20 20 Jan. May 654 May 754 May 25 May 25c Apr. 554 Mar. 3454 May 11 4 Jan. 18 554 Apr. 9 22 4 Mar. 12 Feb. 13 "7% May" 39 54 May 16 2 54 May 21 4654 May 4 May 3 3 May 21 May 1 654 Apr. 20 6c May 16 4 4 8 35 Feb. Jan. 9 3 16 15 4 15 Jan. 5 1454 Jan. 4 2 Mar. 15 10c Mar. 21 >gg May 20 May 22 1.00 May Apr. 5 May 11 854 Apr. 4 54 Apr. Apr. Apr. 5 5c 7c 654 Jan. Jan. 7 Mar. 254 Apr. 3354 May 31 454 Feb. 6 % Feb. 20 10c 29 Apr. 30 Apr. 5 3 25 54 Jan. 954 Mar. 20 80c May 27 3554 Jan. 15 May 9 May 20 4 2.-50 1.00 Jan. 4 Feb. May 954 May 24 70 15 9 3154 Apr. 1054 May 10 May 254 May 554 Jan. 2654 May 90c May 76 May 15 2.90 Jan. 8 Mar. 1854 May 854 Mar. 1.50 May in 17 91c Feb. iV* Feb. 29 23% Apr. 23 22 May 21 May 1 454 854 52c 5 22 45% 4% 954 17454 554 May 22 20% May 24 2% May 14 2154 20 35 5 Jan. Apr. 454 Apr. 8 May 153 May 25c 554 May 14 10c 5c 10c 2454 Sal- * 190 McBryde Sugar Co Ltd cap. .5 156 May 23 17 15 14 21 16 13 13 27% 25,787 Matson Nav Co capital 548 Marine Bancorporation cap..* 17 2 1.00 25c 3 May 21 4?4 May 14 2% May 15 70 2.00 2.00 20c 25 67c 76 70 2.00 2.00 Sale % Sale 1.00 70 1.00 6 54 48 9% 1.75 39 42 22% Sale 2.75 84 3 2.00 Sale 2 54 2154 84 88 2.00 May 18 May 15 8 10 , 82 2c Guggenhime & Co— Conv. $7 1st preferred * Hawaiian Sugar Co capital-.20 Hobbs Battery Co cl A capital * Hobbs Battery cl B cap. Honokaa Sugar Co capital 20 Idaho Maryland Mines Corp— 1 Capital 7% 10 53c 4054 110 19.368 876 500 46% 170 1.55 2954 27% 254 5 8 554 147 % 150 153 28 29% 454 10>4 com_25 986 Coen Cos, Inc, class A conv. Columbia River Packers 823 34 1.00 420 1,392 29 28% 4% 10 common... 100 Chesapeake & Ohio RR 4,012 Cities Service Co.... 2.90 15 23 754 May 14 3954 May 16 254 May 21 85 Apr. 29 8754 Apr. 12 2 Mar. 20 1.25 Feb. 26 3354 May 31 654 May 2 54 Mar. 11 50c Apr. 19 8 Mar. 25 3254 Feb. 5 754 Apr. 10 1154 Mar. 8 36 29 Jan. 25c Apr. 854 Jan. 41 . 4 5 Jan. 4 2054 Apr. 4 7954 Apr. 24 2154 Apr. 4 1.10 Mar. 19 25c Jan. 18 654 Apr. 30 7 Apr. 3854 Jan. 454 Apr. 9 4 5 Jan. 10 2 16c 1.55 Jan. 3554 Mar. 23 5c Feb. 13 2554 Feb. 17 35 May 9 5 May 20 854 Apr. 1 12c 4 Jan. Feb. 954 Mar. 4 23 8 5554 Jan. 2 454 Apr. 10 SAN FRANCISCO STOCK EXCHANGE 64 aggregate SAN FRANCISCO STOCK EXCHANGE sales In May Jan. 1 Shares 760 670 stocks 1940 Bid Nash-Kelvinator Corp cap 5 Nat Distillers Products com..* 24 24 A Nor Amer Aviation Inc cap North Amer Co common 4,894 2,571 10,255 2,962 420 25 % 22 % .10 571 Pacific Portl Cement com...10 "*19 6% % preferred 100 6,540 Packard Motor Car Co com..* 430 Park Utah Cons Mines com.-l 98 1,478 T680 4,184 Pennsylvania RR capital 50 408 Pioneer Mill Co Ltd capital.20 * 14,772 Radio Corp of Amer com 185 Radio-Keith-Orph Corp com.* * 3.031 Riverside Cement (Del) A 120 2,913 '""395 Ask e% Sale 24 % 26 % 23 A 21 24 5 20 6% 25 1.90 1.15 41 Bid 4 a 5a a Sale 17M 22% 22 % 21% 22A 5% 15% Sale 1.15 1.90 3 A 21K Sale 4% 4A 5 131 460 5,979 2,314 2,167 30 100 6% preferred 1,204 35 11 266 Standard Brands Inc com 2,060 3,165 * 76 1 30,544 Studebaker Corp common Sunset-McKee Salesbook Co— Class A common * 10 Class B common * 76 30 Ciass B common * 263 __25 2,982 Texas Corp common 200 Texas Gulf Sulphur common..* 77 Title Guaranty Co cum pref..* 15 """20 6,476 1,953 • 520 2,308 6,825 7,286 1,240 15,870 23,552 8,065 208 T.038 2,493 1,311 725 United Aircraft Corp cap 6 United Corp of Del common. .* U S Petroleum Co capital....1 U S Steel Corp common * Utah-Idaho Sugar Co com...5 Vica Co common 25 Warner Bros Pictures com....5 West Coast Life Ins Co cap 5 600 Western Pacific RR com 300 * Sale 10% 13 Sale 29 A 30% 29A 32 a 7 4 A 6% 1% 4% 100 Sale 24% 9 A 25 Sale 30A 30A 29% 35 30 30% 29% 30A 29 33 A 4 20 Sale 7 24 9 24% Sale 25% 27% 25 7 A 9% 10 a 7% 10 a 5% 5A 17 a 21% 17% 27 7% 43 32 A 41H 11 45A 34 20 48 n» 1s% 47% 2 A 2a 2a 1.10 1.20 66% 1a 50c Sale 1a 1.00 3% 4a 50c 3% May 20 May 7 May 24 May 26 a May 25 May 31 May May 14 9 May 20 4% May 24 18 3 A May 29 3 % May 23 20 May 15 May 21 May 22 7 24 26 As May 21 25 May 21 5 18 May 14 10 May 1 6% May 8 4% May 5 24 9 % 30% 30% 29 % May 11 7% May 2 10% May 2 5 a May 22 May 8 9 May 25 May 25 10 40 9 31 40 25 May 21 May 3 20 8 12 May 8 May 10 May 25 8 20c 1 6 21 25 7 16 16 10 15 14 20 24 5 29 23 15 21 22 21 21 16 7% Feb. Apr. 15 26 9 26% 23% 23% 6% 25 9 Feb. Jan. 4 Mar. 4 Feb. 26 41% 4% 2% 23% Jan. 4 Mar. li Apr. 16 Apr. 4 12 Jan. Jan. 16 1.50 Mar. 1 . 3 7% Apr. 1% Mar. 4% Apr. 5% 25% 12% 30% 30% 29% 34% 3 5 9 Apr. 22 Mar. 2 Jan. 6 May 3 Apr. 27 Jan. 4 Feb. 17 May 11 1.10 Mar1 May 22 7A Apr. 6 12% Feb. 15 5 5 a May 22 21% Feb. 9 May 5 8 21% Feb. 9 May 5 8 31 44 5 May 8 May 44% Mar. Mar. 34 36% 35 46 % May 17 May 21 43% May 28 1% May 18 55c May 22 42% May 21 1 May 21 20 1% 1% 80c 92c Sale 65c 59 A Sale 46% 1% 1.00 2.5c Sale 1 1% Jan". 13% Jan. 12 46% May 10 34% Jan. 25 18 % May 17 May 20 46 43 % May 1 % May 46'a May 10 2 95c 63 ih 8 May 15 May 13 May 8 May 10 May 10 2% 2 7 9 8 20c 50c 25c May 14 May 17 May 28 May 10 9% May 1 May 2 9 2 4 Jan. 4 66% Jan. 1% Apr. May 18 50c Jan. 20c 6 15 1.15 Feb. 4 3 48 Jan. 51% Apr. 2% Apr. 55c May 42% May 1 May 50c 1.00 1 A 50cS 10 40 A 3 a 20c 44 Sale 21 May 11 May 22 6% 15 3 13 May 1 May 13 May 1 May 3 May 9 May 2 May 16 May 1 5% May 14 20c Sale 48% 20c iH 40 A May 3 May 4% May 14 24 A May 14% May 20A Mar. 18 May 4 a May 23 % Feb. 1.20 Apr. 40% Apr 3 May 2% Apr. 18 May 9 May 4% May 1 % Mar. 3 a May 22 A 31 43 1a May 21 4% May 25 18 5 a May 11 24 A May 1 23% May 11 May 16 25 25c 25c 20c 7 34 isa 47 1 14% May 14 31 9 40 15 a 46 45 4% May 14 24 a May 50c 6a 6% Highest Sale Prices 34 29 1.00 60c 17 a 10 a Sale 4 9a 18 A Lowest Sale Prices 2 3% 6 25c 3 3a 65c Superior Portland Cement— Class A preferred 125 * 1,329 5% a 24 45 2% 1a 15 a 2 a 6a Highest Sale Prices 1.90 75c 38 3 A 14 Lowest 25 18 45 1% 2% 23* Sale 4A 3% 25 40 4% 19% 17% 15% 20 15 6 20 5% Sale 1% 1% 4% 4% Ask Ask Bid , 3,036 Schumacher Wall Board com.* Preferred * 1,852 * 1,603 Shasta Water Co common 25 27,431 Sou Calif Edison common C 5 A % preferred 9,598 25 B 6% preferred 6.032 ..25 25 170 Sou Calif Gas 6% pref Sou Pacific Golden Gate Co— 1,255 1 Sale Prices May 31 1 21 h 1 740 Oahu Sugar Co Ltd capital 20 505 Olaa Sugar Co Ltd capital..20 125 Onomea Sugar Co capital—20 170 160 May Par Shares 4,187 range since jan. prices in may Price Jan. 2 Since 16 2 Feb. 4% Feb. 19 9% Apr. 30 May 29 Mar. 48c No par value. Los Angeles Stock Exch MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE LOS ANGELES STOCK EXCHANGE Stock Sales May 1940 -----Shares_ Jan. 1 to May 31--_ aggregate sales - LOS May Jan. 1 prices in may stocks 1940 Par 50 Assoc Gas & Electric A___ 1 430 Aircraft Accessories Corp__50c ,623 Bandini Petroleum Co 2,000 600 240 13,003 5,160 100 1,565 • 569 * 86,125 t BlueDiamond Corp 14,541 Boisa Chica Oil Corp A 5c 30c 4,821 Broadway Dept Store com. * * . 6c 1% 1% 1% 1% 5% 110 1,000 2,000 305 28,352 10,603 1,372 600 204,748 " l",950 4,000 500 75c 4% 97 %c 5 60c 3% 75c lc 4 lc lc lc 3c lc Lowest Highest Sale Prices Sale Prices 3% May 29 2% May 2] 3% May 29 4% Jan. 3 3% May 29 2% May 21 22% May 10c May May 6c May 1% May 1% May 75c May 4 May 25c 20 29 14 15 15 21 13 21 3% May 29 3% May 7 22% May 10c May 25c May 6c May 1 °/4, May 2 May 75c May 5 % May 20 29 14 15 1 1 13 9 3c 2c 10c 2c 10c lc 2c 5c 2c 4c 10% 15% 8% * * 100 13% -- 5 __* --- * 4 ---5 47,501 Emsco Derr & Equip Co 1 29,380 Exeter Oil Co A 264 Farmers & Merch Nat Bk..l00 4,929 Fitzsimmons Stores Ltd . 120 General Metals Corp 18,806 General Motors Corp 240 General Paint Preferred 100 15 24% 25% 10 11% 1.75 90% 7% o% 10% 97 %c 2,710 Douglas Aircraft Corp 10,017 Electrical Products Corp 1 2.50 2.50 10 common - * * 6,260 Gladding McBean & Co 5,271 Globe Grain & Milling Co 25 * 1,424 Golden State Co 5,460 Goodyear T & R Akron com—* * 5,607 Hancock Oil Co A 12,050 Holly Development Co 1 20 Holly Oil Co_. 1 ;_* 1,840 Hudson Motor Car Co — - 1,410 Hupp Motor Car Co 6,500 Intercoast Pet Corp 9,000 Jade Oil Co 2,327 Lane-Wells Co— 89% 7% 6, 6% _ 83% 10 11 40c 380 10 84 10 Sale 43c 392 11% 2% 8 Los Ang Investment Co Mascot Oil Co page 66. 25 10% 12 90c 84% 7% 5% 10% 5% 6% 86% 10% 38c 1.40 85% 7% 50c 58 34 31 5% 8% 8 5% "87% 10% 10% Sale 4% 6% 76% 8% 7 24c 2% 7% Sale 5% 33% 6% 8% j* 6% 39% 3% 26% 50c 4 Feb. 24 Mar. 12c 45c 6c Apr. 19 Apr. 19 May 15 3 Feb. 2% Mar. 1 Apr. 5 Jan. 2c May 21 6 30 1 8 8 17 4% "77% 8% 9 30c 405 Sale lc May 9 10% May 31 15% May 24 8% May 22 May 14 57% May 22 6 May 21 3% May 21 May 21 4% May 25 a6% May 18 88 May 2 8% May 29 7% May 28 25c May 21 375 7 a2c 38c May 22 405 7 May 31 5 16 24 4 14 3 6 10 18 2 14 May 1 May 14 May 31 55 May 24 May o5% May 3% May 22 6% May 21 5% May 8% May a4 30% 4 5 6 8% 7- Jan. 3c Apr. 3c Apr. 27 Apr. 22 Jan. 2c 1 8 10 23% 37% 24 39 21 21% 14 14% 15% May 15 21 37 39 27 29 27 37 70c 75c 55c 60c 45c May 21 May 23 70c May May May 3 8 9 27 45c Jan. 26 Mar. 12 Mar. 21 3 Jan. 16 Jan. 3 Jan. 4 ty. Apr. 8 4 8 1 Jan. 90* 6 Apr. Apr. Jan. 26 88% Apr. 30 10% Mar. 14 Jan. 2 Jan. 8 405 Apr. 18 10 Jan. 12 43c Mar. 13 May Jan. Apr. May May Jan. May May May 9 hx 57% May 6 May 3% May 7 May 4% May 6% Jan. 87% Apr. 8% May 7% May 25c May 375 May 7 May 38% 6% 32% 3 % 6% 9% 15% Jan. 26 10% May 15% May 8% May 7 38% May 24 9 72 %c 77 %c 9 1% 7% Sale Q 11 May 11 May 15% May 10% May 1 May 87 May 7% May 5% May 10% May 5% May 06% May 88 May 10% May 10 May 5% 8 24 30 2 22 21 30 15 21 23 7 56 Mar. 13 6% 32% 6% 8% 9 Apr. 8 Apr. 2 Apr. 6 Mar. 27 11 Mar. Apr. 24% Jan. 40 Apr. 80c Jan. 5 3 12 8 1 5% 6 1% 5% at 5% At 3% 50c 10c 15c 10c 20c 7c 2c 7c 3c 5c 2c 10% 8% 11% 5% 12% 6% -----——1 22% May 20 10c Apr. 29 25c Apr. 15 6c May 15 1% May 15 1% May 21 2c c2c 5% 7% 75c 10 59 7% 7 30 1.00 Sale 7 1% 6% 53% 5% 10 6% 4% 350 5o 7 16% 5% 3% 405 1% 7% 54% 5% Sale Sale 10c 1 Menasco Mfg Co -----1 Merchants Petroleum Co 1 Mt Diablo Oil Ming & Dev...1 Nordon Corp Occidental Pet Corp 13% 24 1 _50c 100 Langendorf United Bakeries B * Lincoln Petroleum Corp 10c Lockheed Aircraft Corp 1 Highest Sale Prices 4c 1 - For footnotes see Lowest 10 4c 1 - 126,029 38,192 11,093 9,725 533,840 3,800 5,825 17,400 4,550 Sale Sale 1 - """175 12c 1% 2 20 tc v 120 Foster & Kleiser Co 2,073 1,600 20c 37 %c 12c lc 10 5 "T.918 10c 12 %c lc Preferred vtc Preferred* 9,762 5,707 Creameries of America vtc-.l 256 District Bond Co-------—25 600 12c Common vot trust ctfs 2,845 "l",232 4% 22% 50c 29 10 5 40 7 Sale Preferred 3,500 3,000 3,700 * 8,427 6% Sale 2% 3% lc 5,353 Chrysler Corp 6,593 Consolidated Oil Corp.— 8,150 Consolidated Steel com 110 4% 1 2,479 2,482 3,370 55 3% 10c 75c 4% 549 Chapman's Ice Cream Co 5 1 25c 12 Ac 37 %c 25c 10 300 1,171 4,114 1,905 9,100 Ask 28 2% 2% 21 1 38c 735 1,615 RANGE SINCE JAN. Sale Prices May 31 18c 37c o 26 a 1,223 Byron Jackson Co 2,435 California Packing Corp 2,066 Central Investment Corp 515 1 Ask Bid 8% 28 t 1 10 B common 839 Bid ""3% Sale 1 2 10 200 Buckeye Union Oil Co com ""§02 12 Ac 50c Warrants 240 May Ask 12c 50 5%% preferred. 4,609 Barnhart-Morrow Consol 2,135 Berkey & Gay Furniture Co 9 2-5 Brock & Co 500 Bid 1 - 25 Barker Bros common """200 May 31 Price Shares f 1939 Jan. 2 Shares 1 Jan. 1 to ANGELES Since 430 1940 May. 272,665 2,161,901 STOCK EXCHANGE In 5,745 Bond Sales 1939 729,737 2,547,464 9% 7% 7c 9c 32 4 40c Sale 2% 12c 45c 4% 42c Sale 30c 52 %c 9 4 14c Sale 11c 37% 4% Sale 29% 3% 47c 4% 60c 3% Sale 10c 45c 4c 6c 4c 8c 18c 10c 25c 52 %c 6c 18c 39c 3-% 3% a2A May 75c a50c May 15c 10c May 4c 2c May 10 10% May 5% 15 o3% 27 a75c 10c 15 3c 14 21 12% 14c 28 21 15 15 14 Sale 3% 50c Sale 5c 45c May May 3% May 55c May 2% May 15c May 9 May 10 4% May 2 60c May 9 4 % May 9 40 25c 39c 11c 29 May 16 May 13 May 15 May 3 May 6 5% Apr. At May 10c 2c Mar. Jan. 9% Jan. 8% Jan. 7c Jan. 27% Apr. 3% May 40c Jan. 1% Jan. 6% Mar. 11 87 Ac Apr. 6 12c 3c Feb. 14 Mar. 27 12% May 6 8% Jan. 22 16c Mar. 1 41% Apr. 15 10 Ab/* Jan. 60c 9 9 15c Mar. 29 May 4% May 15c 44c 4c 7c 3c 5c 15c a8c May 23 48c 4c May 13 May 17 o!5c May May May 11 11 4 Mar. 40c Apr. May 50c Jan. 3c 6c Jan. 10 25c Feb. 30c Feb. 21 9 angeles los .Tune, 1940] AGGREGATE SALES May Jan. 1 STOCKS 17,970 2.130 4,600 11,978 2,200 4,515 Pac 937 370 238 2,275 8,157 Preferred C 125 353 Pacific Western Oil 185 13,220 11,865 307 3,793 37,292 382 741 190 2,000 965 11,657 3,626 10,908 245 5,608 5,602 " 1,089 11,902 200 485 26,832 25,976 1,880 " • 7.491 100 750 116,983 517 625 6,940 777 100 716 3,951 20,000 8,000 32% 29% W* 33 19 21% 7% 13 --* --10 38 44 5% Sale IS/8 7% 25% 2% 40 38 20c 17c 8 1% Sale 7% % 9% 6% 900 29% 39% 44% 5% 20 Sale 1,053 600 817 2,077 39 30 10 Sale 12 7% 8c 26% 24% 4% 6% 28% 25 Sale 30 25 25 25 ---25 -25 100 Sale 44 Sale 30% Sale 12 * Sale 22% 1% 29% Sale" 2 -2 12% 2c 1 Sale 25 Universal Cons Oil Co——10 Van de Kamps Bakeries—-Vega Airplane Co --1.50 Weber Showcase & Fix pref * Wellington Oil Co 1 Western Air Express Corp 1 Western Pipe & Steel Co 10 Yosemite Portl Cement pref 10 Sale 9% 585 4,490 100 3,205 346 750 2,407 859 230 15 460 50 788 565 1,536 2,135 225 12,473 690 100 300 2,000 1,386 886 ""607 560 1,242 743 1,838 100 945 4,303 6,472 899 1,093 '1,015 650 600 266 2,645 30 10,881 320 968 2,149 365 1,011 737 582 3,231 ""872 712 558 774 1,293 1,660 233 1,237 5,609 1,365 640 633 1 15% 9% Sale 29 33% 33% 36 Sale Sale 30% 46% 30% 29% 35 34 42% Sale 1% 36% 9% 8% 5% Sale 15% Sale 13 12% 8% 11 -* Amer Rad & Stand San Am Smelting & Refg Co—--* American Tel & Tel Co 100 Copper Mining—50 (111) 5 & Co Ry__100 Atch Top & Santa Fe Atlantic Refining Co 25 3 Corp (Del) Transportation—1 Baldwin Loco Works v t c—13 Aviation .V —-—5 5 Barnsdall Oil Co Aviation Columbia Gas & Elec Corp—* Commercial Solvents * Commonwealth & Southern—* Continental Motors Corp 1 758 Continental Oil Co (Del)-—5 35,401 Curtiss-Wright Class A 3,629 1 Corp ——1 5 «» 529 Electric Bond & Share Electric Power & Light General Electric Co Corp.* -_* General Foods Corp * Goodrich (B F) Co * 430 Graham-Paige Motors Corp-.l * 3,809 International Nickel Co __* 3,329 International Tel & Tel 19% 2% 2 5% 6% 13c 9%c %c Sale New York Central RR North Amer Aviation Inc North American Co Ohio Oil Co Packard Motor Car Co Pictures Inc Pennsylvania RR Co 8* .tm iis i?8 26 5% 74% p 5p 6% 14% 1% 3% 23% 10% 29% 14% 8c 24 Sale 4% 24% 5 24% 38 40 27% Sale 25% 25% 29% 33 30% 31 7% Sale 18% 18% 1% 1% 21 7% 4% 12% May 26% May 30 May 37% May 4 May 7% May 8 45 1 30 7 17% 1% 7% 4% Sale 12 8 4% 8% 8% May May May May May May May May May May May May May May May May May 29 May 7 4% May 14 21 7% 28% 2% 39% 31 May 1 May 11 May 31 May 1 17c 22 18 13 21 15 May 11 2 7% May May 13 May 9 2 6% May 18 o50% May 28 22 2% May 14 21 9 30 21 21 2c May 15 20% May 22 4% 23% 38% 27% 24% 9 3 3 32% May 32% May 29% May 29 May 22 1% May May 15c May 6 May % May 30 23% 8 25 25 28 28 27 22 21 20 21 21 13 28 29 24 21 28 14 14 1 4 33% May 8% May 22 2c May 15 9 28% May 4% 6% 30% 46% 30% 29% May 17 May May May May May 9 9 Sale 15 1% 7 Jan. zVA 14c 3% May 15 50% Mar. 30 May 28 8% May 22 2c May 15 20% May 22 24% Jan. 25 2% May 14 4% May 28 23% May 28 38% May 27 27% May 22 24% May 21 26 ik* May 2 8% May 15 5% May 1 15% May 1 12 May 4 8% May 14 13% May 10 21 ^ 36 7 17% 1% 8 4% 12 May 17 2% May 2 1 % May 23 2 May 9 Jan. 16 May May May May May May May May May May 20 21 13 28 29 24 21 28 14 J an. 15 3 8% 8% 4% Jan. 5 2 30 May 22 May 21 Mar. 29 May 18 May 13 Jan. 12 7 9 1 May 13 May May May 19 2% 26% May 31 29 May 25 26% May 25 30 May 29 37% May 21 May 21 20% Mar. 6 May 1 30 33% 12% 22% 1% 14 20 14 20 15 21 May 17 5% Mar. 12 18 Apr. 30 1% May 23 2 4% Apr. 24 10c Jan. 16 13% Apr. 16 12% Mar. 15 34% 34% 31% 39% 49% 6 Mar. 27 Apr. 18 8 Jan. 5 Apr Jan. 23 Jan. 2 20% Feb. 19 8 Jan. 19 28% May 11 2% Jan. 5 40% Apr. 9 17c May 11 8% Jan. 3 1% Jan. 11 10 Apr. 6 6% Apr. 23 52% Apr. 8 33 % May 4 8% May 22 3c 31 Jan. 9 Mar. 21 24% Jan. 4% Apr. 7 Apr. 30% Apr. 46% Jan. 30% Jan. 29% Jan. 34% Jan. 34% Jan. 15% Jan. 26% Jan. 1% Apr. 25 36 Jan. 10 7 20 4 Jan. Mar. 14 15 8 15 12 2 4 16 9 3 9 19 17% Jan. 8 15% Jan. 3 9% Mar. 27 14 Apr. 16 Feb. 20 3% Jan. 22 6 7 Mar. 28 18 Apr. 30 Feb. 2 3 Sale 30% 3 k 40 M 48% 20% % 8^c Sale 37% 55% 4% * 1 10 * * 1 * of America * Republic Steel Corp * 410 Seaboard Oil of Del - * * 15 * * 8,661 Standard Brands Inc 25 2,584 Standard Oil Co (N J) * 1,733 Stone & Webster Inc 1 14,895 Studebaker Corp 327 Superior Oil Corp (Del). 1 25 3,851 Swift & Co 25 3,287 Texas Corp 10 2.172 Tide Water Assoc Qil Co * 2,369 Union Carbide <& Carbon 4,949 United Air Lines Trans Corp.>5 5 3,276 United Aircraft Corp * 1,074 United Corp (Dei) 10 3,122 U S Rubber Co * 18,137 U S Steel Corp --..5 3.173 Warner Bros Pictures 50 1,226 Westinghouse Elec & Mfg 6.752 Willys-Overland Motors Inc..1 ... Odd lots, 4% 5 7c 7%c lc 3c 6c 9c 1.15 %c 1% 4% May 22 7c May 24 %c May 1 7%c May 9 1.00 May 18 5% May 13 9%c May 2 ic May 7%c May 2 May lc 45c 20c 35c l%c 2%c l%c 2%c 6% Apr. 4% May 22 7c May 24 14%c Jan. 2c Jan. Jan. 9 May 9 7%c May 1 May 18 2% Jan. %c Feb. 26 %c Feb. 28c Jan. 23 35c Mar. %c 7%c l%c — Jan. 29 2%c Jan. 6 15 17 9 3 26 26 2 4 Jan. 11 10 8 8 May 9 8% 5% May 24 5% May 5% 5% 47% Jan. 15 48% 8 49% 36% a32% May 28 a49% May 35% 47% Jan. 174% Mar. 12 May May 20 148 172% 173% 148% 149% 148 May 23 153 31% Apr. 10 May 15 19% May 24 25 29% 22% 19% May 21% 7% Apr. 22 6% 4% May 21 5% May 13 7% 4% 4% May 15 8 15 24% Apr. May May 18 17% May 16 21% 22% 13% 14% 22 22 May 14 25 20 22 May 14 22 May 14 May 24% 20% 5 5 May 8% Apr. 13 3 May 15 6% 5% 7% May 7% 5% Jan. 4 4% Apr. 15 3 3% May 14 3% May 14 4% 3% 13 19% Apr. 10 May 16% Sale May 23 19% May 10 13% 14% 08 9 12% Apr. 10% 3 May 21 all% May 11% Mar. 11% 7% 8% Apr. 16 May 10 32% 31% Feb. 33% 28% a26% May 23 a 35 84 Apr. 25 o64% May 28 o89% May 10 72 73% Feb. 81% 82% 8 22 23 24% Apr. 4 23% Feb. 15% 16% aI3% May 21 a22% May 6 Apr. 4 5% a2% May 22 g3% May 15 5% 5% Feb. 2% 3% 66% 45% a45% May 27 g52% May 15 68% 43% 51 May 4 May 21 a51 Apr 22 51% Jan. 24 49% 50% 45% 46% a43 5 a4% May 22 o5% May 22 6% 4% 6% 8 6 7% Apr. 5% May 13 5 6% May 9 6% 5% May 13 4% 5 Jan. 19 9 16% Apr. 9 14% 14% May 14% May 14% 8% 9% 4 1 % 87 %c May 22 1% Jan. 1 1% May 11 7.5c May 22 1% 2 4% Feb. 3 3% May 16 May 14 2% May 14 3% Sale 3% 20% Apr. 17 May 17 20% May 17 20% May 17 19% 22% 23% 18% 10 8 11% May 10 7% May 15 8% 7% May 15 11% Mar. 8 10% 7 29% Feb. 24% a21% May 22 o28% May 10 28% 24% 28% Apr. 28% 3 8% Jan. 7 5% May 13 5% May 13 4% 5% May 13 6% 3% 8 8 Jan. 6 o2% May 22 o4% May 14 5% Mar. 29 5% 3% 3% 40 Jan. 11 27 27 May 21 May 21 36% 32% May 16 37% 29% 30% 41 41 49 May 13 May 14 47% Feb. 19 May 14 45 48% 39% 38% 4 9 16% May 16% May 3 9 20% Apr. 16% 16% May 17% 11% 10% 4 1 Jan. Jan. 4 75c 50c 87%c 4 1 30% Apr. 18 38% Jan. 21% a20% May 28 029% May 28% 29% 5 4% Jan. 2% May 13 2% May 13 2% May 13 2% 3% 2% 2% 9 27 27 Apr. 27 May 24 38 May 24 35% May 10 34% 27% 33% 6 22% May 27 22% May 22 33% 22% May 27 35% Feb. 34% 22% 23% 2 6 47% May 45% May 2 6 47% May 45% May 47% 36% 48% 36% 4% Apr. 12 2% May 21 2% May 21 2% May 21 3% 3% 4% 2% 7% Mar. 30 4 May 9 4% May 24 4% 6% Apr. 10 6% 6% 16 May 10 May 22 18% Jan. 3 9% May 22 10% Sale 15% 17 Apr. 9 May 28 23% May 10 May 28 26 22% 22% 17% 17% 7 23% Apr. 6 4 May 21 022% May 20% Mar. 15% 21% 22% 16% al5 5% May 22 7% Apr. 17 6% May 20 5% May 22 7% 5% 8% 6% 4 Mar. 11 3 3 2% May 15 3% May 2% 2% May 15 3% 3% 8% Apr. 4 5% May 17 5% May 17 4% 5% May 17 6% 4% A* 5 21 % May 1 1 21% May 17% 21% Sale 21% Apr. 18 24% Jan. 16% 9 Jan. 5 Jan. 5 9 9 a7% May 28 all% May 10% 7% 7% 11% 3 7% Apr. 6% May 4% May 17 8 4% May 17 6% 4% 6% 4% Feb. 5 15 1 1% Jan. 29 87 %c 1.25 50c s May 0%6 May 15 8 14% May 21 16% 22% May 10 14% May 21 23 % Apr. 20% Sale 15% 11% May 21 11% May 21 11% May 21 May 21 13% 17% 17% 12% 87% Apr. 6 7 Apr. 22 85% 66% a61 % May 21 085% May 86% 65% 5 1 12% Apr. 10% May May 21 8% 10% Sale 7% May 21 7% 14 14 10 16 17% Jan. 26 May 13 May 13 May 13 15% 9% 5 7 May 10 7% Jan. 18 5% May 22 May 22 7% 5% 7% 4 May 9 45% Jan. Apr. 19 30% o31% May 29 a43 41% 42% 29% 12 Jan. 11 Mar. 28 a5% May 21 o9% May 9 6% 9% 5% 9% 5% May 20 10 6% 9% May 10 6% 5% May 20 12% Feb. 20 10% 2 2 2% Apr. 9 Apr. 2 1% 2% 1% 19% 18% May 23 18% May 23 18% May 23 23% Feb. 28 18% 23% 24% 4 36% a33% May 22 o47 May 11 45% 35% 45% Mar. 25 47% Apr. 46% 11 Jan. 3 1 12 08% May 29 ol2 May 6 9% 10% Feb. 11% 8% 64 a62% May 31 o81% May 63 4 80% 81% 82% Feb. 29 82% Feb. 29 23% Apr. 15 12% May 21 9 13% 14% 21% May 12% May 21 20% Sale 44% 2 42% May 29 48% May 47% 48% 43% 42% May 29 51% Apr. 17 3 2% Jan. 1% May 15 May 15 1% May 15 2% 1% 2% 9 23 23 May 15 24% May 13 17% May 15 38% Feb. 17% 30% 31% 9 65 45 Apr. 47 20 45 55 May May 14 May 20 46% 58% 59% 4 4 Jan. 3 3 2% 2% May 16 2% May 4 2% May 16 3% 87% fl77% May 21 0114 May 3 112% 113% "A 86% 2 2 2% 2% May May 14 1 1% Mar. 13 3% Apr. 22 % Sale ilH ft* , 24% 38 * 31% 37% Radio-Keith-Orpheum a b" 36% 55% 50 Pure Oil Co 3,786 Sears Roebuck & Co 6,384 Socony-Vacuum Oil Co 901 Southern Ry No par value, 10 51 170% 171% 30% 30% 6 5% 21% 20% 84% 24% 7 7% 3% 3% 17% * Montgomery Ward & Co * Mountain City Copper Co—5c McKesson & Robbins Inc 5 Radio Corp lc 4 29 May Sale 3% May 39% a34% May 26 29 May 8% 8% May 25c 2%c Sale * Copper Corp Loew's Inc. Paramount 7% 21 26% May 31 May 3% May 8c May 9% May 12% Mar. 30c Highest Sale Prices 47c Feb. 5 stocks— 5,402 Bethlehem Steel Corp (Del)--* 5 3,547 Borg-Warner Corp 25 831 Canadian Pacific Ry 45 Case (J I) 100 * 1,650 Caterpillar Tractor 10 222 Cities Service Co 3,325 1,192 9,101 1,150 24,427 May 2 4% May 13 8c May 14 13 May 3 36c 7 lc Kennecott 5 Sale 2% 5% 2 3,604 2,543 3,137 1,700 3,067 9,367 15,302 4.911 3,035 7,493 2,369 8* c 1% 4% 9c 1,199 5,754 3,580 3,123 6% 6% 4 %c 5,263 3,491 3,930 6.953 36 Sale 7 1% Bendix May 14 3% May 21 8c May 14 9% May 21 30c 15 Sale 7% 8c Aviation 15c 6% W i Armour 27% 3 7 c Sale 4% 2% 6% 18% - Lowest Sale Prices stocks— 5,160 Cons Chollar G & 8 Co_ Anaconda 16 25% 2% 1% 29% 31 5% 17% 2% 25c Sale Sale 37% 4% 17% 3% 27 , 11 28 38% 8c 4 10c 37 50 1,185 Alaska Juneau Gold M Co--10 62,500 Black Mammoth Cons M ColOc 75,500 Calumet Gold Mines Co—10c 1 2,000 Cardinal Gold Mining Co 2.910 1,792 10,365 11,389 4,310 6,183 1,056 12,385 1,840 7,530 1,590 3,851 10% 26% 29% 26% 34 35 unlisted 3.772 4,661 10 33 13% Highest Sale Prices 12 5,000 Imperial Development Co._25c 10c 2,100 Prince Cons Mining Co 10,434 Zenda Gold Mining Co.-—25c 1,200 7c 49 Sale 30c 3% 32 -* - 28c 5% 47% 2o mining 400 32 3114 35% 49% -- 25,420 Solar Aircraft Co 6,306 Sontag Chain Stores 40,472 So Calif Edison Ltd com 520 Original preferred 27,655 6% preferred 5 %% preferred 18,570 1.131 So Calif Gas 6% pref 5,566 6% Series A pref26,291 Southern Pacific Co__ 43,037 Standard Oil of Calif , 300 Sunray Oil Corp 6,184 Superior Oil Co common 2,226 Taylor Milling Corp.79,219 Transamerica Corp 62,635 Union Oil of California 30,511 13% 34 % 9,731 Puget Sound Pulp & Timb Co.* 18,504 Republic Petr Co Ltd—- — -1 546 5%% Preferred A 50 1 24,320 Rice Ranch Oil Co 25,967 Richfield Oil Corp common—* Warrants 4,064 2 17,451 Roberts Public Markets 94,833 Ryan Aeronautical Co 1 1,473 Safeway Stores Inc * 2,062 Security Co units 618 Shell Union Oil Corp -25c 5,000 Sierra Trading Corp 3,242 Signal Oil-Gas A * B common * 100 4,122 9,595 4% 10c 34 10 Pac 37c 12% 12% 10% 25 25 201 1,070 7c Lowest Sale Prices May 31 Ask Bid 4% 10 10 -25 Preferred A Lighting Corp com 703 Pacific Public Service231 1st preferred l 13,345 36c -1 Finance Corp common.-10 9,413 Pac Gas & Elec Co com 1st preferred 6% 3,948 5 %% 1st preferred 2,021 5,767 Pacific Indemnity Co 1 Bid 1 * Oceanic Oil Co Pacific Clay Products Pacific Distillers Inc 220 20 1,997 May 1940 Par Shares 900 RANGE SINCE JAN. Price Jan. 2 Since 2,700 65 exchange PRICES IN MAY los angeles stock exchange In Shares stock t Name of Los Angeles Industries, Inc., changed M __ itH i?H WA i" 10% to Blue Diamond Corp. as of March 26, 1940. __ RANGE OF PRICES ON PITTSBURGH STOCK EXCHANGE Stock Sales 1940 May Shares_ Jan. 1 to 1939 30,346 420,710 May 31. AQOREGATE SALES 376,252 Jan. 1 BONDS 1940 Bid STOCKS Shares 2,345 4,135 Allegheny 3,427 41 108 688 885 50 1,000 564 Preferred Preferred 185 1,397 5,294 1,310 1,115 6,835 "loo 20 721 8,107 17,153 2,730 100 IN MA Y RANGE SINCE JAN. Ask Highest Lowest Sale Prices Sale Prices 113 108 K 16 May 21 IK 7K 23 K 5K 6K May May May May May 26 K May 10 113 37 Sale * 11 Sale * 12 K Sale 40 K 10 Sale Sale 7% Sale 35c » 5K 50c Sale ♦ 6K Sale 1 10c 15c 6 7 10c .... 4K 5K Sale 100 * 15c * 6 15 K 5 16 11 17 Duquesne Brewing 11K Electric Products * 5 Sale 13 K 5 Follansbee Bros pref Fort Pitt Brewing 10 14 100 1 100 IK 12K Sale 140 Jeannette Glass preferred * 20 Jones & Laughlin Steel pref. 100 1,688 Koppers Co pref 100 * 42,326 Lone Star Gas 84 K 10 Sale 10 k common 1,070 1,180 320 35 McKinney Mfg Co 1 47,704 Mountain Fuel Supply 10 10,734 Nat Fireproofing Corp com..* 565 National Radiator Corp 10 10 Penn Federal Corp common. * 30 Preferred 4K % 50 3,055 Pittsburgh Brewing * Preferred ^ 2,238 684 Pittsburgh Coal Co 150 20 275 1,186 2.020 210 100 200 753 5,666 4.021 Preferred 5K Jan. 4K May 82 K May 20c Apr. 18 IK Sale 16 13 K Sale Sale 18 K 6 13K 9K 10K IK Sale 17K May 6 May 13 May 9K May 4K May 9 May IK May 24 K May 15 K Jan. 4 Mar. ----- ----- 12K Sale 31 89 10 K 29 Sale 10 K Sale 5 Sale 6 1K 6K Sale 7K IK IK 7 75 8K 81 9K 8K 5 80c Sale IK 21 1 27 25 23 22 17 10 6K May 22 16 K May 14 13 K May 6 May 21 18 K May 9 1K May 1 5 May 14 29 May 24 7K May 24 91 75 4K May 15 May 14 7 May 14 75c May 14 May 10 K May 6K May 1 K May 7 May 6 6 14 220 Pittsburgh Steel Foundry 5K IK 36 IK 38 IK IK 27 K IK 102 K Sale IK Sale Preferred 6% preferred Foundry 25 United Eng & 240 United States Glass 200 May IK May 28 May 4 May 13 IK 77 K IK Sale "~8K Sale" 4 40c 7K 522 .. Voting trust certificates 2,409 Vanadium Alloy Steel 5,870 Victor Brewing Co 1 252 Waverly Oil Works class A 8,146 Westinghouse Air Brake 1,753 Westinghouse El & Mfg 5 1 lc 1 27,216 San Toy Mining 10,994 Shamrock Oil & Gas IK 100 10 65 24 25 22 16 26 May 10 IK May 3 36 K May 13 4K May 17 Sale ; 2c ----- 50c Sale 30c "5K 50c 6K lc 2c lc 2c IK IK IK 2 80 May 1K May 75 May 4K May 3 May 30c May 2 May 5 May lc May IK May 60 May 7K May 13 May 1K May 103 K May 7K May 4 May 30c May 2 May 8 May lc May IK May 60 May 7K May 1 7 10 10 1 15 9 1 22 10 14 7 5 15c 1 1 25c 55c ,_1 * 10c Jan. 13 May 9K May 4K May 9 May IK Jan. 12 K Jan. 29 May 65 Apr. 75 May 7K May IK Mar. May May 75c* ?B Jan. Mar. 25 May IK May 28 May 4 May 22 13 IK * 411 811 1K 32K Sale 1K 31 1 100 100 25 * * Co 655 Renner 111 4,085 1 5 470 Reymer & Bros common 1,463 Ruud Mfg 71 1,075 1,250 100 25 100 215 Pittsburgh Forgings 2,060 Pittsburgh Oil & Gas 2,846 Pittsburgh Plate Glass 4,545 Pitts Screw & Bolt Corp 21 25 com 25 110K Jan. Feb. 2 3 6K May 4 82 K May 16 25c May 23 May 1 10 Crandall McK & Hend Devonian Oil Highest May May May Apr. Apr. 6 K May - ""20 625 . o 3,120 Pennroad Corp v t c par value, x Ex-dividend. 25 ::::: ~33K 20c 30c 35c 15c * 3K 23 K 20c 5 Sale 10c 35c 28 30 * 55c 32 15c 87 K 50 Sale "19K Sale* Sale 25c May 15c May 28 May 15c May 3K May 15 K May 77 K May 25c May 28 15c May 20 34 May 10 20c May 28 3K May 13 24 K May " 112K May Jan. 10 Jan. IK Feb. 75 May 4K May 3 Mar. 30c May IK Feb. 5 May lc Feb. IK May 60 May 7K Apr. 33 Apr. 25c Apr. 26 K May 10 19 Apr. 1 Apr. 24 43 K Apr. 8 113 K Apr. §8 Jan. Feb. 3 10 74 K Apr. 40c Jan. 9 m 1 IK Sale IK May 24 2 May 27 5 6K Apr. 18 8 7K Apr. 82 K May 16 25c Jan. 26 1 Jan. 10 25 Apr. 22 6K Mar. 21 9 17K Jan. 14 Mar. 13 6K Mar. 29 20 Jan. 9 IK Apr. 30 Apr. 5 15 32 Mar. 2 65 Apr. 26 May 8 10K May 9 IK Apr. 19 6 6K May 91 Jan. 11 Jan. 3 9 Mar. 20 Apr. 2iijg 25 Jan. 12 36K Apr. 17 Apr. 15 4 27 K Jan. 13K Apr. 23 Feb. 1 104K Apr. 18 8K Jan. 4 May 2 Mar. Jan. 6 12 9K Mar 27 45c 2 1 Feb. 1 2K Jan. 10 Jan. 9 7 K Apr. lc 65 33 Apr. 6 24 55c Feb 19 10c 15c 28 34 May 25c Apr. May 15c May 3K Apr. 15K May 77K May May 20 10 Jan. 17 3K Apr. 17 28 K Jan. 117K Jan. 3 UNLISTED * 1 Sale Prices 9 113 Jan. 9 May Apr. May May 6 5K May 18 4 K May 22 82 K May 16 25c May 23 -_10 Steel 16 113K IK 6K 23 H 5K 6K 74K 2K May 18 3 8K May 21 *41K May 10 K May 21 21 11K May 100 - Jan. 110K Jan. ♦ Preferred (Jos) Lowest Sale Prices May 31 10 18,173 Columbia Gas & Electric 50 6% pref series A 2,033 Consolidated Ice Co 70 Horne 1 Ask Bid * 7,869, Clark (D L) Candy Copperweld May Bid * 140,216 Carnegie Metals 2,883 1,695 3,340 14,112 2,250 4,533 21,448 . Ask 100 1,999 Armstrong Cork Co 7,463 Blaw-Knox Co 1,432 Byers (A M) 341 ""308 Ludlum Steel Preferred 10 49,185 3,605 7,245 $7,000 Par 3,652 Arkansas Nat Gas Corp 2,663 May 31-__ PRICES 4,000 Independent Brewing 6s_.1955 3,000 Pitts Brewing 6s 1949 " Jan. 1 to Jan. 2 $ Shares 1939 Price Since May 1940 May_ PITTSBURGH STOCK EXCHANGE In $ Bond Sales 141,494 May 24 2K Jan. 4 I General Quotations OF BONDS AND STOCKS In the earlier part the country, of this publication for the latest month and for General Quotations we only those dealt in on combine in one comprehensive whole, securities' of all classes and descriptions, not unlisted and inactive securities. The following is an the exchanges, but also leading index to the different classes of securities quoted: —— 84 ........... 92 Mining Stocks ........—.. 93 ................. 81 Federal Land Bank Bonds Foreign Government Bonds Industrial Bonds Insurance Stocks. . — Real Estate Trust and Land Stocks.—..... 85 94 Textile Stocks........——'i-'. 80 85 ........... 73 78 Title Guarantee and Safe Deposit Stocks. United States Government Securities—... 92 Railroad Bonds......................... 67 United States Territorial Bonds.......... 92 85 ............... 100 Public Investing Companies Securities.......... 72 ........ Canadian Public ...... Real Estate 85 Municipal Bonds—Domestic....92 ..................... Industrial Stocks 71 Bonds.................—...101 Railroad Stocks...............— 84 Joint Stock Land Bank Securities.... ............ Page Page Page Exchange Seats of of complete records of the dealings on the leading stock exchanges the calendar year to date, are furnished. In this department ......................... Utility Bonds........... Utility Stocks.. ... ....... possible for the closing day of the month preceding the date of issue. quotation Is a flat price—that Is, that the accrued Interest forms part of the price, and provide for it separately In making payment. In the case of Income bonds and bonds In default, the price is always "flat." and no designating mark is employed to indicate the fact Quotations for equipment bonds are based on average maturities. Quotations for guaranteed stocks are "and dividend" that Is the accrued dividend must be paid In addition to the price. It should be borne In mind in the use of these tables that the quotations for many inactive and unlisted securities are merely nominal, but in all Quotations for all securities are as near as The letter "f" prefixed to bond prices denotes that the therefore the purchaser does not have to cases the figures are obtained from sources which are considered reliable. : "g" for gold, "gu" for guaranteed, "end" for dated "conv" for convertible, "s f" for sinking fund, "I g" tor land grant, "opt" for optional. The black-faced type In the letters showing the interest period indicates the month when the bonds mature. The following abbreviations are often used, viz.: "M" for mortgage, "f" and income and defaulted bonds. NOTICE—All bond prices are "and interest" except where marked Bid Bonds 34 40 76 82 6s'40J&J / Adirondack 1st 4 Ms 1942 gu MA8 Akron A Barb Belt 4 4s 1942. JAD Akron Oanton A Youngs town— Gen A ref 6s 1946 series A.AAO Gen A ref 5 Ms 1946 ser B.AAO (Cont)— Stamped modified, bonds: 1st mtge gold due 1948 int at 4% to Oct 1 1946-A&O Ref & gen M ser A du6 1995 int at 1 % to Dec 1 '46-J&D Ref A gen M ser C due 1995 interest at 1 1-5% to Dec 1 1946 J&D 98 37 40 37 Alabama Great Southern— 108 1943 ser A.—J&D 105K 1943 ser B.....JAD Alabama Tennessee A Northern— Prior lien 6s 1948 J&J Gen Income 6s Oct 1948 JAJ Alabama A Vicksb.rg Ry— 1st M g 5s 1974 - rieu A..MAN 66 Albany A Susq 3M* 8 1946..AAO Alleghany Corp— 70 Ooll tr conv 6s 1944 F&A 58 % Ooll A conv 6s 1949 —JAD 5s btamped 1950 A&O / 29m 104 h Allegheny Val gen 4s 1942—MAS Allegheny A Western— 1st cons g 6s 1st Cons 4s 1st mtge guar 4s 1998 American Refrlg Transit— AAO ■ iosm Equipment trust 4Mb... -Q 4Hi 1940-41 E lyr) F&A Eq tr 2He 1940-52 AAO Atlantic Coast Lane (Conn)— Lrrod ctfg or indebt 5a JAD Atlantic Coast Line of S O— Gen 1st g 4s July 1148 JAJ Atl A Danvilk 1st 4s 1948...JAJ 2d h 4s 1948 JAJ Atlantic A Yadkin gu 4s '40.AAO Aug Term lBt gu g 6s 1947..AAO Augusta Un Station 4s 1953.J&J Austin A Northwestern— 1st mtge gtd g 5s. 1941 JAJ Baltmore & Oeio— 1st mtge g 4s, July 1948--AAO 4% ext sec notes 1944. F&A 2000 1% to Sept 1 '46-M&S Ref A gen M ser F due 1996 int 1% to Sept 1 '46-MAS Conv gold due 1960 FAA 11 Me 85 80 31 105m 55 3.00 1.50% 35m 39 100 82 17 M 19 M 21M 16 H 17 M 1st mtge gu g 4s 1955 Bost A Prov deb 5s July 1 17 M Boston Rev Beach A Boston ANY 16 H Eq tr 4Ms ser D 1941 JAJ Eq tr 4 Ms ser E1941-42--AAO Eq tr 4 Ms ser F 1940-44..MAN Eq tr 2 Ms ser J 1941-50 Bangor A Aroostook— 1st M 08 g Jan 1 Cons refund g 4s 1951. - Plscat Div g 5s Jan 1943..AAO Van Bur Ext 6s g Jan '43-AAU 36 48 3.25 2.25% 2.25% 2.25% 2.00% 3.25 3.25 3.00 89 66 78 82 78 82 Beech Crk 65 96 ml 100M 108 >6 105 99 m 1.80 105 mi 100M 1.25% Equip tr 2Ms 1941-1947..MA8 Big dandy Ry 1st g 4s 1944..JAD Birmingham Southern— 25 Equip trust 3 Ms Dec. 1 1940-46 90 93 vs 99 94 lOO" 1967...MAS 83 Stamped 1st mtge 5s ser II1955 Stamped 1st mtge4Msser JJ1961 Stamped 64 M 66 49 60M 63 50 60 2.00 2.00 2.50 70 1.50% 1.50% 2.00% 76 AAO 3.00 51 86 & 42 90 II* 52 54 70 72 49 52 49 52 44 K 44 M 49 47 45 % 50 45M 44 % 49 80 78 81 5s series U Nov 1 1941 5s series V Mar 1 1942 65 W 65 65 59 M 59 M 59 M 5s series X July 1 1942 5s series Y Jan 1 1943 5s seres Z May 1 1943 105 88 45 M 5s series 75 62 48 29 m 28 48 2.00% . 46 98 25 20 Stamped bonds—All series tos series Q Feb 2 1940 5s series R May 1 1940 5s series S Sept 1 1940 5s series T Sept 1 1941 95 103 1.30% 43 28 April 1 1942 •» - - - «. ~ - - - 59 — - *. - » — 5s series DD June 1 1945 5s series EE Jan 1 1946 5s series FF Jan 1 1947 5s series GG April 1 1947 b Basis, JAJ JAJ 85 1961 5 3 5 98 loo" 2.25 cons deb 4 Ms coll trust 1946 4Ms coll trust - 58 coll trust 1960 1954 56 6s conv coll trust 1942 56 Equip trust 5s 1944 4Ms 1940-1945 f This price includes accrued interest, 1.50% 59 65 m 101 72 102 100M 99 m 101m 100m 65 m 103 66 m 104 97 98 98 99 98 99 96M 97 m 64 62 73 m 73 m 74 m 73 m 74 m w* 76 U6M 74 m 118 79 80M 78 79 m 80 m 77 m 7.00 7.00 7.00 6.00% 6.00% 6.00% 97 94 95 m 95 97 101 99 m 100 55 53 51 53 53 55 38m 39 J&J J&D M&S J&J 57 59 55 49 58 m 50m J&D M&S (perpetual) secured ctfs 1944 4 Ms - J&J F&A F&A J&J M&N F&A J&D J&D F&A 56 4Ms series L 1940-1945.J&D 2Ms series O 1940-1947.F&A Canadian Nor deb 6 Ms '46—JAJ Canadian N W 4 Ms Oct 22 1943— Canadian Pacific Ry— 2 Ms coll trust 1941 A&O 3s serial coll tr 1940-41 F&A 3s conv coll trust 1945 A&O 3Ms conv coll trust 1951.-F&A 4s conv coll trust 1949 J&J 61 56 60 3 102 guaranteed 1943 61 - 28 m 55 '41—JAJ 7-year guar 2 Ms 1946 3s guaranteed 1944 3s 15-year gtd 1952 3s 13-year guar 1950 3s id-year guar 1950 3s 15-year gtd 1953 3s 15-year gtd 1959 J&J 4 Ms guaranteed 1951 M&S 4Ms guaranteed 1956 F&A 4 Ms guaranteed 1957 J&J 4Ms guaranteed 1955 J&D 5s 15-yr. guaranteed 1954-F&A 5s guaranteed July 1 1969 J&J 5s gtd Oct 1 1969 A&O 5s guaranteed 1970 F&A Equipment trusts— 4Ms series J 1941-42 M&N 5s series K 1941-1944—M&N 58 • 27 m FAA 58 57 M 57 M 67 Rapids A North— Guar 7-year 2Ms 1944 4s 59 5s series A A April 1 1944 5s series BB April 1 1944 5s series CC Jan 1 1945 46 Canada Atl Ry 1st 4s 1955..JAJ Canada South 5s 1962 ser A.AAO 2s 1.85 43 MAN 41 Canadian National Rys— 2s guaranteed 1942 - Boston A Maine RR— 1st mtge 5s ser AO 37 ~ 105 60 70 JAJ Equip trust2Ms 1940-47..AAO 82 Albany 5s Oct '63..JAJ JAD 4 Ms impt 1978 FAA 1st mtge 4Mb ser A 1943..AAO 3M« Jan 1 1951 ...JAJ Ref 3M» 1952 gu N Y O..AAO 6 45 Cambria A Indiana RR— 106 Birm Term 1st g 4s 1957 gu.MAS Boonville St L A Sou 5s '51.FAA 5s June 1942 87 M 16 4 40 Gen M g 4s 1955 Bessemer A Lake Erie— 101 14 3Ms 1947—F&A Cambria A Cl'field 5s g 75" 90 9M 85 Con 1st A coil tr 5s g '34..AAO Certificates of deposit 42 Boston A 20 Burl Cedar 58 79 97 m 93 6m 3.25 int at 3% to 1946 due 1957— Buff A Susquehanna RR Corp— 1st 4s Dec 30 1963 .JAJ 93 52 80 AAO Belt Ry of Chatt 1st 6s '45..JAJ Belvidere Del cons 3 Ms 1943. JAJ 3.25 2.25% 3.00% 2.25% 2.25% 3.75 4Mb Juy 15 1947—JAJ16 JAJ 1st ref 5s 40 3M* 1951 3.25 Buffalo Rochester A Pittsburgh— Cons mtge (stamped modified) 47 Ext 53 1938 Lynn— Buffalo Creek 1st 5s 1941 41 43 40 75" 54 FAA 4s1950 35 103 55 6s ext to Jan 15 1947.. 55 1943-.—JAJ 1951 JAJ m Ask Air Line— Boston Term Co 44 % Battle Or A Sturgls gu 3s '89.JAD Bay City A Batt Crk 3s '89.JAD Bedford Belt 1st 5s 1938. JAJ f 102 M §1" 1st 9 8M 1950 int 3M% to Jan 1 '47-JAJ Tol Cinn Div ref 4s A '59-.JAJ ^Remainder of Boston & Maine quotations are for unstamped issues, Payable in Canadian funds. 16M MAN Ref 4s ext to 1951 4s stamped 98 60 FLUtSi West Virginia— S'western Div 1st M due 73 mi 60 56 M Ref A gen M ser D due int , Equip 6s ser F, G A H, *41- 45 Ann Arbor 1st g s 1995 Q-J Ark A Mem Ry B idge A Term— 1st M 6s 1964 MAS Aroostook Nor 5s g 1947..—AAO Atchison Topeka A Santa Fe— Gen mtge gold 4 > 1995—.AAO Adjustment 4s July 1 1995 Nov Stamped MAN Conv g 4s of '09 due 1955. AD Conv g 4s '05 due 1955..JAD Oonv g 4s of '10 due 1960. JAD Conv deb 4M» 1948 JAD Trans S L 1st g 4» luoa—JAJ (Jal-Arix istAref4Hs'02 opMAS Rocky Mt Div 4s 1965.. AJ Eq tr 2 Ms 1940-1949 MAN Athens Term Ky 1st g 5s '37--JAJ All A Birm. See Seab'd Air Line Atlanta A Charlotte Air Line— 1st M 4H- 1944 ser A JAJ lut M 5s 1944 ser B JAJ Atlanta Knoxvllle A Northern—1st mtge gold 5s 1946 JAD 1st cons 4s Mar 1 2002—MAS Atlantic City 1st 4s 1951—JAJ 1st 5s ext May 1 1954..-.MAN Atlantic Coast Line RR— 1st cons 4s July 1 1952—MAS Gen unifser A 4 Ms 1964..JAD 10-yr coll tr 5s May 1 '46.MAN Lou ot Nashv 4s Oct 1 '52.MAN r ^Boston A Maine RR (Cont)— Mtge 4Mb 1944 JAJ Mtge 4s 1942 FAA Mge 3s 1950 JAJ Equipment trusts— 3Ms 1940-1944 JAD 4s June 1 A Dec 1 1940-49 4Ms 1941-1943 AAO 5s 1941-1944 MAN Baltimore A Ohio RAILROAD BONDS Aberdeen &Asheboru 1st Bid Bonds Ask Bid Bonds Ask • endorsed, "cons" for consoli¬ 54 m 57 62 64 J&J __J&D k Last sale. 90m 7.00 n 91m 6.00% Nominal. 68 RAILROAD NOTICE—All bond prices Quotations for all securities Bonds Bid Oaro Cent 1st g gu 4s 1949—J&J f 20 Oaro Clinch & Ohio 6s *62. J&D 15 103 Carthage & Adirondack— 1st mtge guar g 4s 1981—J&P Catawissa RR g 4s 1948 A&O Central Arkansas & Eastern— Bonds 106 00 & / Ref & gen 53* s 1959 ser B.A&O / Ref & gen 5s 1959 ser C—A&O / Ref g 4s 1934 opt to 1911 Certificates of deposit 45 100 --. — 6 6% 1% 1% 2 Mem Div 1st 4s 1951 2 3.00 T1940-1952—..J&jJ 4.50 1951---J&D 4|* J&J Mobile Div g 5s 1946 Central of New Jersey— Gen M (now 1st) g 5s 1987 Inc mtge 5s Dec 1 1960 Chicago Union Station— 7 39" -J&J 11 3.00 2.00% 59 65 60 36 - 1944 40 . M&S 35 102% 55 notes, 1945 104% 26 32 105 108 119 96" 94 103% 1st consol gtd 4s 1942 M&N Oinn & Muskingum Valley— Eg trust 23*8 1941-1952—A&O 88 88% 88% 49 54 88.% 7 1st 35 - - - 100% 101% J&J 104 F&A 4s 1940 - - « - 41 8* 50 75 1.50% 1.50% 1.50% 2.00 108 111% 100 102 % 23* Chicago & Alton RR— Refunding g 3s 1949 A&O f Chicago Burlington & Quincy— Gen M 4s 1958 M&S 1st & ref 43ij8 ser B 1977—F&A 1st & ref g 5s 1971 ser A F&A Illinois Div 3348 '49 op *29-J&J 4s July 1 1949.— J&J Eq tr 23*8 1940-1947 A&O Chicago & Eastern 111 (new co)— (Jen M 5s May 1951 M&N Certificates of deposit 4 118 ^ i 1997 9% 73 79 90 92 95 953* 1.25% 1.80 103* 10 93 213* 53 f / / / / 11% 11 10 3% 4 b 3.50 Chicago Lake Shore & Eastern— 1st M 43*s 1969 opt 1919.J&D * Chic Memp & Gulf 5s 1940--J&J f Chic Milw & Gary 1st 5s '48.A&O / / / / / / b 52-M&8 52 2.50 Concord & Claremont 5s *44.J&J 78 67% 62 M&S 1943 58" 883* 50 40 20" 3 4% 1% "5" 18 16% 17% 17 17 b 3.75 4.75 b 4.75 4V4 1% 18% 18 19% 29% 28% 2.25% 4. 0% 4.00% 4.00% b 5.00 f f f f f f f f f f f 10 12 11% 12 11 19 Equip trust 4s Apr 1 1941-49— b Delaware River Terminal— See Reading Co. Denver & Rio Grande— 1st con g 4s 1936 ——J&J 1st con g 43*s 1936 —J&J Denver & Rio Grande Western— Gen income 5s Aug '55—F&A Assented subject to plan Ref & impt 5s 1978 ser B—A&O Eq tr 43*s 1941-'42 (yr)—M&N Equipment trust 5s Denver & Salt Lake Ry— Inc mtge 6s Jan 1 I960-An Apr / 1st 4s 1950 —J&J Des Moines & Fort Dodge— Ctfs of 12% 13 10 15 8% 12% 6% 6% 6% 1% 14% 16 7% 7% 6% 1% 25 31 39% 30 31 6% 11 1st gold guar 4s 1953 J&J '49—J&J 3.25 b 3.25 b 3.25 b 3.25 b 3.00 2.25% 2.25% 2.25% 2.25% 2.00% 29 103% 102 an Cen tral 96 94 Debenture ctfs A Feb— Debenture ctfs B Feb... Guantanamo & Western— 1st M 6s 1958 series A Gulf Mobile & Northern— 88 90 97 101 104 107 76 6.00 105% A&O 1st 5s 1950 series O A&O Secured notes 3s 1941-1945. J&J Equip tr 2%s 1940-1946—J&D Gulf & Ship Island RR— 1st ref & term g 5s Feb '52.J&J Stmpd (July 1 1933 cpn on). 5.00% 106 94 99 88 90% 781* 79% 96% 89% 71% 1.25% 77% 77% 96 88% 70 1.85 98 97 80 101 % 61% 4% J&J 86% 84% 64 6% 50% 80 75 75 92" 2.25 95 .65% 85 85% Gulf Terminal of Mobile— 66 62 1st mtge g 4s 1957 gu.. —J&J Harlem R & Portch—See N Y N H & Ha rtford Harris Ports Mt Joy & Lane RR 2 Ext 4s 1943 J&J Hoboken Ferry 5s 1946-...M&N 108% 5% 3.25 2.00% 2.00% Hocking Valley 4%s 1999—J&J Holidaysburg Bedford & Cumb— 115 3.00 - 1st M g 4s 1951 54 60 90 guar——-J&J Holyoke & West 4%s 1951—A&O Housa tonic con 5s 1937 M&N / 49 45 115% 97% 99% 15 38 41% 39 40 Hudson & Manhattan— 4.% 50 40 45" — 34% 70 95% 1st gold 5s 1957 opt F&A Adj inc up to 6% Feb '57-A&0 f 1st M 43*8 1957 conv F&A Huntington & Broad Top Mt RR & Coal extend 6s 1940 A&O Extended 5s 1940 A&O 10 10% 48 51 % Illinois Central— 1.75% 55 -J&J 1940—J&D 15% J&J J&J 1st gold 4s 1951 1st gold 33*s 1951 1st extended g 33*8 1951—A&O 1st g 3s sterling 1951 M&S 104 105% t Called April 17 at 100. Payable in Canadian funds. 45 23* 1st mortgage 3 3*s 1962—A&O Duluth South Shore & Atlantic— 1st gold 5s 1937 Dutchess Co RR 4%s 40% 45 Greenbrier Cheat & Elk— 1st 5s 1944. J&J W Va Midland Ext 5« '54.J&J Greenbr Ry 1st g gu 4s '40-M&N Green Bay & Western— Coll trust gold 4$ Ref g 4s 1955 opt Duluth Missabe & Iron Range— b 3 4l" 37 1% 13* 4% 2.40 Dext & Piscataquis 43* s 3% 2 11 99 J&J J&v Gen mtge 4s ser G 1946 J&J Gen mtge 4s ser H1946 J&J Gen mtge 3%8 ser 1 1967--J&J Eq tr 2s 1941-1947 M&S 41 5% 53* Eq tr 2HS 1941-1947 M&N Detroit & Toledo Shore Line—■ 1964 2% 1 M&N / Great Northern— 1st & ref g 4%s '61 opt '41-J&J Gen M 53*s 1952 ser B J&J Gen M 5s 1973 ser C J&J 1023* 1 20% 80 19 3.00% J&J 1st 5s Mar 12 10% 60 1* 3.75 dep for gtd 4s 1935-J&J Des Plaines Val 43*s 1947._M&S Det & Mack 1st lien 4s 1995. J&D 2nd Mort.gold4s 1995—.J&D / Detroit Terminal & Tunnel— 1st guar 4 3*s 1961 ..M&N Detroit Toledo & Ironton—- 15 10 Grand Trunk Western— 1st g gu 4s $ July 1 1950—J&J 1st 53*s 1950 ser B 1943—_M&N 60 9 '/ Gen 43*s 1976 series D Gen 43*s 1977 series E 4 102% 55 (Mountain and Pralrie)4s 1955 (Lake Superior) 4s 1955 1st 4s Feb 15 '42 Alb gu.-M&N Gen 4s 1962 Can Govt gu.-J&J „ 173* 13 101 — 108 2 1% J&J Grand River Valley—-See Michlg Grand Trunk Pacific— 1st M 3s 1962 J&J 1st M gu 4s 1st 5s 1951 1st & ref gold 4s 3% 2% 11 2nd ext 6s 1979 M&N Gouvernour & Oswegatchie— 1st 5s 1942—. J&D Grand Rapids & Indiana— 1st 43*s 1941 J&J 1st 3%s 1941 J&J Delaware & Hudson— 105" 2% 2 Eq tr 5s Dec 14 1940-'43 (yr) Grays Pt Term g 5s 1947 J&D 24 11a 54 16 25 38 29 2.00% 109% 100% Connecticut & Passumpslc Rivers 1st gold 4s 1943 A&O 77 13 108 Delaware Lackawanna & Western Called June 1 at 110. r 48 Mar 15 '61-M&S 15 1063* M&S 110 103* 1043* Consol Rys (N H) deb 4s '54-J&J Deb 4s 1955— -J&J 10>* Deb 4s 1955 A&O 60 Deb 4s 1956 guar J&J 103* Cuba Co extend 3s 1955-—-J&J 19 3 Cuban Nor Rys 1st 53*s, '42 J&D 15 22 Cuba RR 1st g 5s 1952 14 J&J 26% 73*s extended to 1946 J&D 4% 28% 6s extended to 1946—-—J&D 5 21 27 Imp & equip 5s 1960 2.25% M&N Danbury & Norw ref 4s 1955.J&J / 13 13 98 Dayton Union Ry 1st 4s '49-J&J Del & Bound Br 3%s 1955--F&A 963* 2.25% Chic Milw St Paul & Pac RR— / / 75 5% 5% 4.00% 73 Bkgref 6s 1951 —A&O 15 Connecting Ry (Phila)— 103% 106% 65" J&J 1960 24 3.50 100 753* 65% 59% Ga RR & 56 4% 4% 5.00 4s Jan 1 1947. J&J Ga Sou & Fla 1st g 5s 1945 J&J Deb 5s 1952 ..A&O Goshen & Deckert'n 1st 5|*s 1978 108 102 21 — inctax.M&N GenM4%s'87 stpd inc taxM&N GenM43*s'87 stpd inctaxM&N 15-year 63*s Mar 1936 M&S 1st & ref 5s May 2037 J&D 1st & ref 43<s May 2037—J&D 1st & ref 4 3*s May 2037 O J&D Oonvg4lis 1949 ser A M&N Equipment trusts— 43*s series U 1941-43--M&N 43*8 series V 1940-44—-F&A 43*8 series W 1940-44--M&S 43*s series X 1941 F&A 23*s Dec 15 1940-1949 Equip tr 2%s ser A '41- 123* Colo & Southern 43*s 1980-M&N 123* Col & Pt Deposit 4s 1940-—F&A Oolumb & Hock Val 4s 1948-A&O 17 Colum & Toledo 4s 1955 F&A 120 97 109 108 Coal Riv Ry 1st 4s gu 1945. J&D Goeur d'Alene& Pend Oreille Ry— Conn River gold 4s Non-cum inc 5s 1955 (whs) f 9 Chic Indianapolis & St Louis— Short Line 1st 4s 1953 A&O 58 Chic June RR 1st 4s 1945—M&S 102 Stmpd non-pay Fed inc tax— C—A&O IF8 Monon Coal— Gen M 5s *87 stpd f 53*s 1972 series A..A&O s f 5s 1973 series B—A&O lstsf 43*s 1977 series Clinchfield RR— 48 J&J 2038 J&J Equip tr 4%s "A" 1945--A&0 Chicago & Illinois Midland Ry - 60-yr 5s 1975 series A F&A Oonv adj 5s Jan 2000 A&O Chicago Milwaukee & St Paul— Gen g 4s A May 1 1989 J&J Gen g 33*s B May 1 1989-J&J Gen 43*8 May *89 series O.J&J Gen 43*s May '89 ser E J&J Gen M 4%s May '89 Ser F.J&J Equip trust 3lis 1941-*53A&O Eq 43*s '40-'43 E & P (yr)-J&J Eq 43*8 "40-'41 G & H (yr) J&J Eq tr 5s 1940 ser B (yr)-_F&A Chicago & North Western— Gen M 3 3*s g 1987 M&N Gen M gold 4s 1987 M&N s 1st M 5s 117 1st mtge 4s w i 1988 Gen mtge inc 4 Ms w i 1st mtge s i 43*s ser A '56 M&S Chicago Indiana & Southern Ry— Con mtge g 4s 1956 guar—J&J Chicago Indianap & Louisville— Ref M g 6s 1947 series A—J&J Ref M g 5s 1947 series B—J&J Ref M g 4s 1947 series O—J&J 1st & gen 5s 1966 series A.M&N 1 st & gen 68 May "66 ser B.J&J Equip tr ser E 1940-1944-A&O 86 68 105% 107% 105% 50 48 \f Georgia Fla & Ala 1st 6s '52.F&A f Georgia Midland 1st g 3s '46.A&0 Cleveland Union Terminals— 1st 843* 12 Chicago & Eastern Illinois— 1st consol 6s gold 1934----A&O Chicago & Erie 5s 1st g '82—M&N Chic Great West 1st 4s 1959-M&S 123* gtd 1942 J&J gtd 1942—A&O gtd 1942—A&O Ser C 33*sgen gtd 1948—M&N Ser D 33*s gen gtd 1950—F&A Gen & ref 43*8 1977 ser A.F&A Gen & ref 4 3*s 1981 serB__J&J Cleve Short Line4%s 1961--A&0 Cleveland Terminal & Valley— 1st 4s gold guar 1995 M&N - Georgia Carolina & Nor— Ext at 6% to July 1 1934 Georgia & Florida RR— 1st M 6s 1946 series A Certificates of deposit 99% Cleveland & Pittsburgh— Ser A 43*s gen Ser B 43*s gen Ser B 33*s gen 30 Genesee River 6s 1957 J&J Ga & Ala 5s Oct 1945 J&J / Ga & Ala Term 1st g 5s 1948.J&D f 100 2.00 108 2.25% 61% 100 M&S 4s 1945.J&J Fort St Un Dep Det 4 3*s '41 38 St L Div 1st col tr g 4s *90 M&N Spr & Col Div 4s 1st g '40-M&S 100 3.25 Certificates of deposit— Fort Dodge Des Moines & Sou— 1st 5s 1938 ....J&D 100% 75 White W V Div 1st 4s *40.-J&J 1941-1947-----M&S 90 65 1.50 Craig Valley 1st 5s g 1940-J&J Paint Creek Br 4s 1945—F&A Potts Creek 4s 1946 J&J R & A Div 1st con g 4s '89. J&J 2d con g 48 1989 ---J&J Warm Spr Val 1st 5s g '41-M&S Chesterf & Lancaster 5s '55--F&A 106% 108% J&D 1.00 2.00 19 24% 9% 9% 2.00% 100 gold 4s 1950 J&J / 1st cons ref 4 3*s *52 opt. -M&N Proof of claim filed f Amended 1st con 43*s 1982 Proof of claim filed 1.50% Ref & imp 43*sser E 1977. J&J C W & M Div 1st 4s g *91--J&J 1.50 1945-1949 2.25 58 J&D 3s 1940-1946 3.00 45% Florida West Sh 5s 1934 J&J Fonda Johnstown & Gloversv- 92 52 2.25 _ * Gen ref J&D A&O M&N . 100 Clev Cine Chic & St Louis— 103% 103% . 98% 65" g A&O f cons Florida Southern gu 103 Cleveland Akron & Columbus— cons guar 9% 9% Eq 4%s 1941 H (s-a) Cl'field & Mah 1st gtd 5s *43 -J&J 1st 15% 13 5s gold 1943 J&J Florida East Coast 43*s '59-J&D 1st & ref 5s 1974 M&S Certificates of deposit. 11% 90 105% General 4s gold 1993 Gen M 5s ser B 1993 20 14 M&N f Eq 4|*s 1941 LL (s-a)—M&S Eq tr 4 3*s 1940-*43 (s-a) .M&S Erie & Jersey s f 6s 1955 J&J Erie & Pgh g31*s B 1940 J&J 58 33*s series O 1940 J&J 97 59 95% 45% H 14% - 1st M 3 3*s ser D 1971 M&N 1st mtge 3|*s ser E 1969--F&A 100 102 44 A&O Ref & imp M 5s 1967 Ref & impt M 5s 1975 105% Cincinnati Union Terminal Co— 94% 94% 105% 51 ... J&J Florida Central & Peninsula f Cin Northern RR 1st 4s 1951 .J&J 94 A&O ..... 104 48 Gen lien gold 4s, 1996 J&J Conv gold 4s 1953 ser A..A&0 Series B 1953 A&O 58 104 99% 1.25% 97 1st & ref 5s 1965 102 1st mtge 3 3*s ser F 1963..J&J Chicago & Western Indiana— Consol gold guar 4s 1952 __J&J 1st & ref M 4lis D 1962—M&S Choc & Memph 5s 1949 J&J / 1st 4s 1948 —F&A Cinn New Orl & Tex Pacific Ry 101 J&J 2%% notes. 1946 Equipment trusts— 4148 series W 1940 434s 1941-1945 5.00% 118 J&J notes, 1944 6.00 102 Series D 1953 Cin Ind & West 1st 5s 1965.M&N 98 — 5s stamped 1965 Erie prior lien g 4s 1996 50 103 98% 1.80 1st 6s 1910 ext at 4% 1950.J&J J&J Consol gold 5s 1952 M&N Cincinnati Hamilton & Dayton General 5s gold 1942 J&D 101 r Income 5s 2862 A&O El Paso & R I 1st gu 5s 1951.J&J El Paso & Southwestern RR— 52 3.00% Cincinnati Lebanon & Northern— Chattanooga Sta 4s 1957 gu—J&J Chesapeake & Ohio— General 4%s gold 1992—-M&S Ref & imtp 3Hs D 1996- - M&N Ref & .mpt 3 %s ser E 1996 F&A Ref & impt 334s ser F 1963 J&D 1%% notes, 1940 J&J 234% notes, 1941 —J&J 234 % notes, 1942 J&J 2%% notes. 1943 J&J 73 67 92% 105 3%s ser A 1970—M&S Eq tr 23*s Dec 1 1940-49 Elmira & WllUamsport— Choctaw Oklahoma & Gulf— 80 Eq tr 5s Dec 14 19,40-1944 (yr). b Charleston & Western Carolina— 1st 5s 1946.—— A&O Chatt Rome & Sou 1st 5s *47 J&J / Nominal, 4.00 A&O . 50 1st ref 6s 1910-1976 Central Vermont Ry— n 4s 35 Central RR of South Carolina— sale, 45 1st mtge 3 lis ser E 1963—J&J Guaranteed 33*s 1951 M&S 14 123* 10% Guar g 5s I960.-F&A European loan 4s 46--—M&S Correction: Guar 1st M 4s series D 1963 Central RR & Banking of Ga—■ Coll tr 5s ext'd to 1942—M&N * 2.25% 84 ^ k Last J&D 45 . -J&J Gen M 4s 1987 w 57 Chic Terre Haute & Southeast— 1st & ref g 5s Dec 1 *60 opt J&D 4 Eq tr 4%s 1940-'41 (yr)-F&A Central Pacific— . 1st ref 4s g guar 1949--—F&A 1st g guar 4s Oct 11954—A&O 5s income 68 "5"" 23* 37 A&O 1st mtge A&O Eq tr 4|*s 1940-1944 Chicago South Sh & So BendSink fund 3s ser B 1963—J&J 3 92 91% Edmonton Dun vegan & British Columbia Ry 43<s 1944—A&O Elgin Joliet & Eastern— 1% 1 3.00 Ask 100 M&N Eastern Ry of Minnesota— Nor Div 1st g 4s 1948 110 2.00% 3.50% 8% 3 Oconee Div 1st 5s 1945--— J&D Cent New Eng 1st gu 4sl961 J&J 2s 5 M&N Chicago St Louis & N O— Con g 5s June 15 '51— J&D 15 Con g 33*s June 15 *51-J&D 15 63 5% 4 Equip tr 2%s 1940-1950--F&A M&N Macon & Nor g 5s 1946—J&J Mid Ga & Atl 1st 5s 1947—J&J 2%s 4 3*s 1960 4 4% East Tenn Va & Georgia— Consol 1st g 5s 1956 6% 3% Chic St Paul Minn & Omaha- Equipment trusts— 43*s series Q1940 > conv 17 4 Bid 1st 4s 1958 M&S East Tenn & Western N O— 1st stamped 5s 1965 M&N 11 10% 8% A&O Trustee ctfs 3%s 1947.... 22 Bonds Ask East Penn Sec 43*8 1952 ser A M&S Sec 43* ser A certifofdep. 3 30-yr - , Bid Certificates of deposit ist 4s 1948 J&D "-s Central of Georgia— 1st M g 5s Nov 1 1945—--F&A / 4s series BONDS "and interest" except where marked "f" and income end defaulted bonds near as possible for the closing day of the month preceding the date of issue as Chicago Rock Island & Pac Ry— General gold 4s 1988 J&J 45 1 Chatt Div gold 4s are Ask 33% 1st 5s 1940 --J&J / Central Branch Union Pacific¬ Cons gold 5s 1945 are 107 90 83 83 40 A&O 33% 45% 1918—M&N 34% 33% 37 1952 Pur liens 1st g 33*s 1952--J&J 40% 183* 98 t Correction: Called July 1 at 105. b Basis. This price includes accrued interest NOTICE—All bond prices ar« Central—(Concluded) M&N 32 % 42 M&N 40-year 4%s Aug 1 1960-F&A Carlo Bridge 4s g 1950--J&D Litch Dlv 1st g 38 1951 J&J Louisv Dlv 3%s g 1953—J&J Louisville & Nashville— 1st & ref 5s 2003 ser B A&O 1st & ref 4%s 2003 ser C..A&0 1st & ref 4s ser D 2003—A&O 1st & ref 3 % s ser E 2003.- A&O 35 30% Collateral trust 4s 1953 Ref mtge 5s 1955 32 45 76 58" 65 55 60 Omaha Dlv 1st 3s g 1951—F&A 8t Louis Dlv g 3s 1951 J&J Gold 3%s 1951 J&J Sp'field Div ext 3%s 1951 J&J Western lines g 4s 1951—F&A 48 47" 55 50 1.80 2.50 2.80 2.00 1 1.50 2.50 2.50 2.50 2.50 2.50 1.75% 1.75% 1.75% 1.75% 1.75% 35% 36% 32 35 A&O 1st ext 4s 1940 99% Indiana Harbor Belt RR— Indiana Illinois & Iowa— Iowa Central 106 _ 1st gold 4s 1950 .--J&J Indianapolis & Louisville— 1st guar 4s 1956 J&J Indianapolis Union— Ref & imp M 3 %s ser B *86 M&S Internat-Great North Ry— 1st M g 6s 1952 series A..-J&J Adj M 6s July 1952 ser A.April 1st M 5s 1956 series B J&J 1st M 5s 1956 ser O J&J Equipment trusts— 4%s ser A 1940 J&D 4%s series B 1941-1942. A&O Internal Rys (Central America)— Purch money 5s 1972——J&J 1st M 5s 1972 opt 1st 1 & ref 6 Kb 1947 Debenture 4s 1961 104 J&J J&J Genl mtge 4s 1957 Gen mtge 4%s 1957 / 11% 8% fk f f b b 9% 8% 1 May 23 8 6% 8 6% 2.75 2.00% 2.25% 3.25 —M&N F&A 58 3 1 5 1967—J&J 102 K Frank & Cleartield— 43 % 40 Joplin Union Depot Co— 1st fie June 1 1944 J&D 104% 1st 3s 1941-1955 -A&O 50.40 to 105 Kanawha Br & Ter 5s 1948-A&0 83 Kana & Mich 1st 4s 1990--A&O Kan City Ft Scott & Memphis— 25 Ref g 4s 1936 guar A&O 2.85% 87% 26% 36% 51 56 55 55% 1.00% 1.75% 1.50 2.25 107% 106% J&J J&J 94 96 Kentucky Cent 4s g 1987 J&J Kentucky & Indiana Term RR— tlst gold 4%s 1961 J&J $4%s stamped 1961 J&J 4%s plain 1961 J&J 1st mtge 4%s unguar 1961-J&J Lake Erie & Western RR— 102 104 20 50 65 75 1st mtge 5s ext at 3% to *47 2d 5s 1941 Lake Shore & Mich South— 85% 75 104% 84" 80 b 2.25 1.75% 36 30 > J&D 60 J&D 48 J&D M&N 40 I assented 1941 9 9 9 9% 11% 9% 53" ll% 9% 11 12 J&D / / Minneapolis Northfield & Southern Ry 1st 6s *41 _-M&S 11 16% 40 45 40 45 114 40 30 47 Lex & East'n 1st gu 5s 1965--A&O Lincoln Park & Charlotte— 5s 1939--J&J Lltchf & Madis 1st 5s 1959.M&N 112 Little Miami guar 4s 1962--M&N Little Rock & Hot Spr West Ry— 47% 33% 102 1st gold 4s 1939 guar J& J / Long Dock cons 3%s 1950--A&O Long Island— Unified g 4s, 1949M&S Refunding mtge 4s 1949..M&S -—M&S 4%s 1941-45 (yr)_F&A Louisiana & Ark 5s A 1969—J&J Equip trust 3 %s to 1946--A&O Louisville Henderson & St Louis— 1st mtge gold 5s 1946 J&J 115 99% 10 101% 12 63% 86% 86% 86% 3.00 74 2.75 Certificates of deposit / 1st & ref 5s 1981 ser I F&A / Certificates of deposit / Conv g 5 %g 1949 ser A M&N / Secured 5%s 1940-1956-- J&D/ b b / M&N / 5s small 1945 Gen M g 4s 1945— 4s small 1945 Mobile & Ohio— - % 50 60 88 88 87 % 87 2.00% Certificates of deposit. -—M&S Oonsol gold 3%s 2002-— M&S 1st guar g 4s 1991 106 109. 108% 110 18% — A&O 25% 27% 17% 1st 5s 1956 series O Certificates of deposit - - - WA 26 F&A 40 11 Equip trust 4%s Newport & Cincinnati Bridge— 1st M g 4%s 1945 guar J&J Newport & Richfor Is 5s 1941 20" 1st M 4%s 1956 series D..F&A Certificates of deposit 19% 59% 40 b 35 82 — 16 Ref & impt 4%s 2013 A Ref & impt 5s 2013 O 56 23 8% 43% 40 A&O 45% 74% A&O 10-year 3%s sec s f 1940—A&O 3 %s conv secured 1952 M&N 14% 73 44 New York Central & Hud RivRef g 3%s July 1 1997—J&J 69% 4 5 Deb 1942 tax-exempt--J&J 83 1% 2 L S coll tr g 3%s 1998 F&A M C coll tr g 3%s 1998—F&A 54 2 % 1% 55 65 55 65 4 5 5% 25 2% 50 1% 55 3.25 63 2.25% 10% 8% 7% 3% 10% 15% 10% 3.75 2.75% 20% 21% 13% 12% 13% 12% 13% 12% 13% 12% 13% 12% 13% 4 48 Spuyten Duyvil & Pt Morris— 3%s 1959 J&D N Y Cent equip trusts— 4 %s 1941-1945 M&N 2 %s Mar 15 1941-1952 New York Chicago & St Louis—• 1st 3%s extend 1947 A&O Ref 5%s 1974 ser A A&O Ref 4%s 1978 ser C M&S 10-yr 6s coll tr 4s 1940—F&A 3-yr 6s ext'd notes 1941 A&O Equipment trusts— 2%s 1941-1947 M&S 3s 1940-1951.. J&J 4s 1940-1949 M&S New York Connecting RR 1st M 4%s iyfi3 series A F&A 1st guar 5s 1953 series B F&A New York & Erie RR— 95 2.25 2.50 82% 49% 43 72 68 2.50 3.00 3.50 101 104 M&N 92 ..M&S 85 3d mtge 4%s 1938 M&S New York & Greenwood Lake— 77 1st 4s ext g 1947 2d ext 5s 1939 75 Guar g 5s 1946 M&N N Y & Har 1st g 3 %s 2000- -M&N N Y & Hob Fy 5s May 1946—J&D 8% 97 33 New York Lack & Western— 1 13% 13% 1st & ref 4s ser A 1973—.M&N 1st & ref 4 %s 1973 ser B—M&N New York & Long Branch— 44 General gold 4s 1941 M&S General 1st 5s 1941 M&S NY & NE Bos Ter 4s 1939—A&O / N Y New Haven & Hartford— Deb 6s Jan 15 '48 conv J&J15 / 25 13% "I % Deb Deb 3.25 1H 4s 1947 non-conv.-.M&S / M&S / 3%s March 1947 2.00% 2.25% b 65 fr 10% 10% 2.75 ...M&S b 3.00 11 13 3.25 k25 30 New York Ontario & Western— 24 20 22% 25% 30 38% 2.50% 2.25% Ref 1st g 48 June 1992 M&S / Gen M g 4s 1955 red J&D / New York Pennsylvania & Ohio— Prior lien ext 4 %s. 1950..M&S / 3% 1% 90 New York Phila & Norfolk— Stock trust ctfiB 4s 1948 N Y Prov & Bos 4s 1942 J&D A&O / 13 20 .... 23% N Y & Putnam 1st 4s g 33% 53 35 38 N Y Short Line 4s 1957 F&A N Y & Stamford 4s 1958--M&N / New York Susq & Western— / Price includes accrued interest. 11 —F&A b iv & Pt Chea 4s *54 M&N N Y & N J Ferry 5s 1946 J&J 20 3.25 3 11 10% 4%s9-15-40to3-15-45M&S15 b 4%s 1940-1946 J&J b 3.50 13% 20% 3s 1940-1951 23 60 A&O / J&D / 15-year secured 6s 1940 1st & ref 4%s 1967 Equipment trusts— 2%s 1941-50 2 93 72 Deb 3%s 1954 non-conv—A&O / Deb 3%s 1950 conv—..J&J / 1% 3.00 50 Deb 4s May 1 1957 M&N / Deb 48 July 1 '55 non-conv J&J / Deb 48 1956 non-conv—_M&N / 13% 57 { 3.25 106% New York Central RR— Cons mtge 4s 1998 ser A--F&A 30 Monongahela Ry Co— 102 1st mtge 4s ser A I960-—M&N 110 Monongahela Sou 5s 1955-—A&O 115 Gen 6s 1955 A&O Montana Wyoming & Southern— 1st mtge gold 5s 1939 M&S / 40 85 Montauk Ext 1st 5s 1945 J&J Montgomery & Erie 1st 5s 1956--i/ 45 Morris & Essex 3%s 2000 35% J&D 28 Constr'n 5s 1955 ser A...M&N 28 Constr'n 4%s 1955 ser B.M&N ft Basis. 53 Certificates of deposit 1954 series A—A&O Certificates of deposit 60 —M&S / M&S / Certificates of deposit / Secured 5s 1938 M&S / Certificates of deposit Eqtr 4s 1941-1943 M&S Eq 4%s 1941-1942 (yr)—J&J15 Montgom Div g 5s 1947 F&A Certificates of deposit Mohawk & Malone— 97 43% 74 --- - J&J / New Orleans Texas & Mexico— Non-cum inc 5s '35 ser A—A&O 1st 5s 1954 series B - 3% 99 —J&J 50-year 1st 5s 1983 1st refunding 5s Monon Coal—See Chic Ind & Lou 77 2.00% I Secured interest at exchange rate of 4.8665. — 91 19 3 General 5s Jan 1 1938 New Lon Nor 1st 4s 1940 J&J New Orleans Great Northern 60 ---J&J -J&J J&J J&J Gen gold 4s, 1938 Ref & impt 4 %s 1977 50 Jeffersonville Bridge 1945--M&S Prior lien 4%s 1978 ser D.J&J Adj M 5s Jan 1967 ser A..A&O / Eq tr 2 %s 1941-1952 F&A b Missouri Kan & Texas Ry Co— 1st gold 4s 1990 J&D Mo Pacific RR (new company)— 1st & ref 5s Jan 1965 A F&A /, Certificates of deposit / 1st & ref 5s 1977 ser F—M&S / Certificates of deposit / 1st & ref 5s 1978 ser G—M&N / Certificates of deposit / 1st & ref 5s 1980 ser H._.A&O / Prior lien 5s. 1945 32% 32% Extended at 5% 1940 M&N Ref & impt 4%s 52 ser A—J&J New Orl Term 1st 4s 1953--J&J , J&J J&J 3d ext 4s July 11938 Mobile & Birmingham— 60 New Haven & Northampton— Ref cons 4s 1956 J&D / N J June 1st 4s gu 1986 F&A N J & N Y 1st ext 5s 1950—M&S RR— 11% off-.1951 Income deb 5s 2032 New Orl & Nor East 6s 1915 3% 1938 J&J / 3% 1938 J&J / 3% 1st cons 5s 1938 gu int J&J / 22 2d M gold 4s guar 1949—J&J 1% 1st ref 6s 1946 series A J&J 30 1st ref 5%s 1978 ser B J&J 1 25-year 5%s 1949 M&S / 40 Minn Terminal 1st 3 %s '50.-J&J 102 Minn Transfer Ry 3%s 1956-J&O Missouri Illinois Bridge and Belt 71% RR cons 4s 1951 J&J 38 coupon - ---- 75 Eq tr 4 %s '41-'44 F fyr>„M&N Equip tr 2%s 1940-1949--F&A Mo Pac (old)—Gen 4s 1975-M&S 17 30% 30% 30 80 ^ Lehigh & N Y 1st 4s 1945—M&8 Guaranteed gold 4s 31% f Missouri-Kansas-Texas 38 F&A 4s stamped 1949 receipt No 4 on 1951 Naugatuck 1st 4s 1954 M&N New Eng cons 4s 1945 gu J&J Oonsol g 5s July 1 1945—J&J 2.00% - 90 80% / gold 4%s 2003—M&N / / 4Kb- assented 2003 Gen con gold 5s 2003 M&N / 58 assented 2003 / Lehigh Valley Ry of New York 1st 4%s gold 1940 --J&J 4%s assented 1940 Lehigh Valley Term 5s 1941 A&O Louisville & 5% to 1940 A&O Midland Valley 5s 1943 A&O Adj M Apr 1 '53 ser A Sept Adj 5a series B 1953 Sept— Milwaukee & Northern— 1st ext 4%8 1939 J&D / Con ext 4 %s 1939 J&D / Mil Sparta & NW 1st 4s 1947M&S / M11&State Line 1st 3 %s 1941 J&J / Minneapolis & St Louis— 5a ctfs of deposit 1934 M&N / 1st refdg gold 4s 1949 M&S / Ref & ext 58 Feb '62 ser A.Q-F / ext at Prior lien 4s 1962 ser B — — 75 T-lO 50 92% 72% / Assent cash warrant and scrip 3-.OO 35 Mo-Illinois RR 1st 5s 1959. 87 % 1st M 5%s J&D / 1st 7s ext at 6% 1932 Certificates of deposit — April 1914 53 Prior lien 5s 1962 ser A con Equip tr 1951 75 63 60 71 % scrip receipt No 5 on 1977 48 58 - ! Prior lien 4%s assent cash warr't & scrip ret No 4 on '26 1st con 4s(Apr 1914 coupon on) 88 £ 48 RR 4% franc bonds (Foreign series) 1960 4 / scrip receipt No 4 on 1957Gtd gen s f 4s (Apr '14 coup op) April 1914 coupon off 1977- 65 83 1951—M&S 83% J&J 4s assented 2003 5s 62%" 1959 M&S Lansing & Saginaw J&J/ Equip trust 2 %s 1940-1949F&A b Mo Kans & Okla 5s 1942—M&S J&J ref 3%s 1997 Leamington & St Clair 4s *45 A&O Lehigh & Lake Erie 4%s '57.M&S Lehigh & New England— 1st M gold 5s 1945 -J&J Gen mtge 4s ser A 1965—A&O Equiptr4%sG 1940-45—M&N Lehigh Valley Harbor Term Ry— Gen 1st 4s Jackson 1957 ' 1957— coupon on coupon off 1957 Assent cash warrant and National RR of Mexico— 75 1914 coupon on 1977— / 4sSept 1914 coupon off—1977 4s As8t(cash warr & coup) .1977 / Michigan Central— Ref & impt 4 %s 1979 ser C-J&J 1st gold 3%s 1952 M&N Grand River Valley— 2.50 4%s— July 1914 July 1914 76% . g Con M 4Kb ann irred Gen cons gold 4s 2003 76 103 . 1978 Con M 6s ann irred 1st g gu 5s Nov 1 1959—M&N Meridian Term 4s '55 guar_M&N 60 Assent cash warrant and 1st cons gold 4s 1st cons gold 5a 65 1950--J&J Eq tr 3s F Jan 1 1941-1943 . 3s 1944-1946 J&J Lehigh Valley— 1st gold 4s 1948— 78% Minn St P & Sault Ste Marie— 70 Ref & Impt 5s Apr 1 1st mtge 5s 1954 75 106 Certificates of deposit.. 20% —— Kan C Mem & Bir 4s 1934.-M&S Income 5s Mar 1934 Sept 1 Kan City Sou 1st g 3s 1950- - A&O Cong 103" lien Jan 1914 coupon on 101% Midland of New Jersey— 3% — 101 1st g 4s 1959 guar J&D Joliet & Nor Ind—See Mich Cent M 5s 100 Prior Midi 1% 103 1st & gen mtge 5s 1967 J&J Ref & ext 5s ser A 1967—J&J 1st 100 1st 4s 1957 —J&J Middlesex Val 1st 5s 1942--M&N 8 5 53 Jacksonville Terminal— Kansas City Terminal Ry— 1st g 4s 1960 opt 1930 Kansas Oklahoma & Gulf— 2.00% Joliet & Northern Indiana— 85 80 82% ----M&S / & 1951 ...A&O / Jackson Lansing & Saginaw— See Michigan Central Certificates of deposit- 2.40 99% 100% 106% 1940-54— 1st 3%s Sept 1 78 70 Gulf liy 1st 5s Ref & ext 6s ser B b 1950 J&J Coll trust 4s 1960 J&J Atl K & Cin Div 4s 1955--M&N Pad & Mem Dlv 1st 4s *46-F&A St Louis Div 2d 3s 1980--M&S Mob & Mont 4%8 1945--M&S Southern Ry joint Monon collateral 4s, 1952 J&J L & N Term 1st g 4s '52 gu J&D Macon Dublin & Savannah— 1st 5s 1947 J&J Macon Terminal 5s 1965 J&J Maine Central— 1st mtge & coll 4s ser A '45 J&D Conv gen 4%s ser A I960-J&D Secured 6s 1959 1st ser_-J&J 6s 2nd series 1959 J&J b Equiptment trust 5s to 1944— Manila RR Sou Lines— 1st 4s extend 1959 M&N Manitowoc Green Bay & Western 1st gtd 3%s 1941 .J&J / Maryland & Fa 1st g 4s *51-M&S 1st cons A 6s 1963 A&O M'shfleld & S'east—See Wis Cent Memphis Union Station Co— Nashville Chattanooga & St 1st M 4s 1978 ser A F&A Eq tr 2%s 1941-1952 M&S National Rys of Mexico- 83 4s Sept 1st & ref g 4s 1951 Jacksonville Gainesville Jamestown 85 Mexican International— 103 101 J&D 1938—J&D / 5s ctfs 60 52 96 79 Coll trust 3 %s 70 Equipment trusts— 2%s ser T 1941-1949—-M&S 3s ser R, 1940-1952 M&S 4%s ser L. 1940 —A&O 4%s ser M, 1941 .M&N 4%s ser N, 1940-1941—A&O 4%s ser O, 1940-1942—J&J 4%s ser P, 1944 A&O 4s ser Q, 1940-1944 F&A 111 Cent RR Co & Chic St L & N O RR jt 5s, A, 1963—J&D 4%s series C, 1963 J&D Indiana Bloomlngton & Western— 93 84 Bid Bonds Ask 74" Eq tr 2Kb 35 41 Bid Bonds Ask Bid Bonds Income and defaulted bond* possible for the closing day of the month preceding the date of issue "and interest" except whara marked T and Quotations for all securities are as near as Illinois 69 RAILROAD BONDS June, 1940] 1937 2d mtge4%s 1937 Gen mtge. 5s g 1940 104 1993. A&O J&J/ F&A/ F&A / .M&N / 94 75% 33 % 99 38 7% 5% 3% 50% Term 1st g 5a 1943 N Y Westchester & Boston Ry— 1st M g 4%s 1946 guar—J&J / 3% Norfolk & Car 2nd 5s 1940—J&J 104 Norfolk Southern— 1st & ref g 5s '61 opt '15—F&A / Certificates of deposit-/ 29% 28% 9% 8% Norf & South 1st 5s 1941 .M&N / 38 55% 1st gen g 58 1954 opt J&J Norfolk Term 1st sru 4s '61-M&N JfcLastsale. nNominal. r / 32 105 Payable in Canadian funds. 70 RAILROAD BONDS bond prlcoa are Hand Interest" except where marked '*f" end Income anc: defaulted bonds Quotations for all securities are as near as possible for the closing day oi (be month preceding cue date of Issue NOTICE—All Bonds Bid Norf Term & Transp 5s '48-F&A Norfork & Western Ry— 1st con 4s 1996 A&O Norrist'n & Maine 1st 4s '62 M&S Nor Cent 5s 1974 ser A....M&S Gen & ref g 434« ser A '74.M&S Northern Ohio Ry— 119H Bonds 115 Ask _ 105" 102 1st mtge g 5s (stamped cancella¬ tion of guarantee 1945—A&O / Certificates of deposit / 64 45 Ref & imp 5s 2047 ser Eq tr 4s 1910-1949 Eq tr 294a 1941-1947 Eq tr 234s 1910-1946 Nor RR of N J gen 4 North D.—J&J -J&J M&S J&J 49 6134 3334 3934 4834 4134 4134 35 %s 2000-J&J / Pennsylvania RR— Gen g3 3-10s 1953.. ----J&1? N'western Term Co 5s 1948-F&A N'western Term RR 5s Apr 1977. Norwich & Worcester 4 34» '47M&S Ogdensburg & Lake Champlain— 1st guar g 4s 1948 .J&J Ohio Connecting 4s 1943—M&S Ohio & Little Kanawha 5s '50 M&S Old Colony RR 4s 1938—-J&J 1st M 534a 1944 F&A 1st M 5s 1945 series B J&D „ - _ — 25" 1 91 108l4t 50 3 4 34 3 434 434 434 3 3 10434 105 Richmond Term 1st 5s 1952.J&J Ry 1st 7s '42 ser A M&S15 Pennsylvania Company— 28-year secured 4s 1963—-F&A Gu tr ctfs g 48 1952 M&N Gu tr ctfs g 334a 1941 F&A Gu tr ctfs g 334a 1942 J&D Gu tr ctfs g3H> 1944 J&D Pa & N Y Canal con 5s 1939 A&O Cons 1st extend 5s 1949 A&O 10434 5i§~: 23 6734 — 2d gold 6s 1996 St Louis Iron Mt & Sou— 62 50 55 23 58 11154 70 59 90 4s series CC 1911-1943 .M&N b 3.25 91 4J4sseriesDD 1941-45.A&O b 3.25 2.25% 2.25% 80 8134 81 H 83 1st g 4s 1989. 7734 78 34 95 to 1.00% 2d g inc 4s Nov 1989 1st term & unif 5s 1952 11234 113 117 11734 9634 95 H 10134 St Louis Gen & ref 5s 1.00% 2.00% 1 50% 1.50% 1.75% 2.10 . 3 34 17 8 % 834 7 34 934 434 1st 4s £ 1940 J&J Union Depot— & re'5c 1972 —J&J 50 8t 58 4734 2.40 48 34 1.75% 1.80% Salt Lake & Ogden 5s 1934 San Antonio & Aransas Pass— 1st guar g 4s 1943 J&J 2.30 1.75% 2.25 Joaquin Val— 58 Oct 1 1940 A&O 1st g 99" San Fran Term 1st 4s 1950--A&O Santa Fe Prescott & Phoenix— 1st g 5s 1942 M&S Schuylkill & Leh 1st 4* '48.M&N 10934 100 115 10534 12 57 34 2l" 1234 3.00 2.00% 78 2 "634 6 434 98 9834 J&D 86 Pitts Bessemer & Lake Erie— Cons gold 5s 1947 J&J Pitts Cin Chic & St Louis— 115 90 M&N 10134 10634 10834 11034 F&A 6s 1945 J&D ser A.-.M&S deposit— 5% secured notes 1931 F&A Receiver ctfs 3-3 34s '45—F&A Atlanta-Birmingham Div— 1st g 48 May 1 1933 M&S / Seaboard-All Florida Ry— 10434 108134 6s ser 6s 10734 112 ser 17" 58 M&N 103 105 F&A 109 115 34 4 348 series J 1964 M&N Gen M 5s 1970 ser A—__J&D 109 63 34 107 80 65" 109 86 A ctfs of deposit B ctfs of deposit 6 34 1 8 34 13*4 234 m 5 4 3 34 3 53 6 434 55 15 234 234 15 90 96 55 65 38 41 40 45 60 65 ref 4s '55. .J&J 1950 J&J South Bound RR 1st 5s 1941 A&O / South & North Alabama— 103 93 Pitts Shawmut & Northern— Gen cons gu g 101 35 Ref & 90 34 10 65 11234 10434 impt M 334s B '74-J&J 96 Terre Haute & Peor 5s 1942.M&S Texarkana & Fort Smith— 107 1st M 534s 1950 guar F&A .J&J '26 7034 6234 Texas City Term 6s 1941 Texas & Pacific Ry— J&D 105 Ann Mar A&O 92 O.-A&O 54 B ser ser 55 J&D D 53 % Equipment trusts— 434s ser HH 1940 M&S 434s ser JJ 1911-1942..A&O 4 34s ser A 1941 1943 F&A ser 1.50 2.00 2.00 M&N B 1911-1943 2.00 4 34s ser C 1940 1944 J&D 234sser D 1940-1952— .M&N Tex Pac-Mo Pac Term RR— 2.15 2.40 ' 1st M g 534s 1964 M&S Toledo Canada Southern & Det— 1st 4s 75 J&J 1956— 78 5s 1963 Ref & imp M 3 94 s ser A *60 J&D Mary^i Div 1st 4s 1951F&A A&O 82 34 55 Toledo Peoria & Western RR— J&J 98 1st gold Is April 1 1950-. . A&O Tol Term 1st 43*s "57 gu M&N Tol Walhoudlng Valley & Ohio— 106 1st mtge 4s ser B 1967-. Toledo St Louis & Western— 55 1st g gu 4s 1942 ser C M&S Hamilton & Buffalo— 10534 1st gold 4s June 1 1946—J&D Consul M 4 3j» 1966 ser A. F&A 65 48 Union Depot (Columbus. Ohio)— 434s 1946 J&J 102 111 1st ry & land gr 4s « 1947--J&J 11034 1st & ref 4s June 2008 M&S *km May 28 1st & ref 5s June 2 2008—M&S tftl082332 May 27 1971--M&N 35-year 334s debs 92 34 .A&O 9234 100 34 2.15 < I <lebs { vear 1970 1980- _ Union RR (Penn) 1st 5s '46.M&S Deb 6s 1946 m&S 12 16 119 93 114 115 Union Terminal Co (Dallas) 1st mtge 334® 196' -F&A 100 United N J RR & Canal Co— M&S M&S 117 M&S F&A 1979 General gold 4s 1944 1st 4s Sept 1 1948— 1st 434s Feb 1 1973 Gen 1st g 3 34s 1951 1st 434s Sept 1 112 10634 117 M&S 10834 106 M&N 106 Series B 1957 Vera Cruz & Pacific RR— J&J / 1934 34 / Vermont Vail 1st 4 34s 1940- A&O Vicksburg Bridge Co— 1st s f 4-6s 1968 M&S Vicksburg Shreveport & Pacific '40--M&N M&N M&N 98 96 J&J 134 86 80 65 - 70 68 _ Pr lien 6s '15 ext 5% Gen 5s May 1 1941 ref & impt 5s 1973 Va & Southwest 5s 2003 1st cons g 5s 1958. 99 85 80 ..A&O - Virginian Ry 3 348 A 1966—M&S Eq tr 4 34s 1940 (yr) J&J 10034 83 55 50 104 34 1.50 105 101 5s July 1 1943--J&J 3 Term RR Assn (St Louis)— 1st consol gold 5s 1944 F&A Gen ref s f g 4s '53 opt '10.J&J July 1914 coupon off—J&J Cash war & scrip ret No. 5 on 45 Pitts Shenango & Lake Erie— 1st gold 5s 1940 A&O RR 5s 1952 1st mtg g 4348 F&A Shawmut 5s 1959—J&D -A&O Tampa & Gulf Coast g 5s'53.A&0 Tampa & Northern RR— 5s (stamped 3s) 1936 J&J Tampa Union Sta 5s 1940..M&N Tampa Un Term 4-6 34s '53—J&J Vandalia RR 4s 1955 ser A—F&A 15 Shrev Bdg & Ter 5s '55 gu—F&A Sioux City & Pac 3 34s 1936—F&A / Somerset Ry 1st & 1st M 4s July 2 15 85 Susquehanna Bloomsburg & J&D Eq tr 2J48ser E 1910-'52__J&J 119 34 15 101 35 Union Pacific— 101 67 115 100J4 10034 J&D J&J / A&O Gen lien 5s *48. A&O Shamoldn Sunbury & Lewisb'g— 2d ext'd 5s 1945 J&J .F&A 1989 con 5s 1952 Sullivan Co RR 68 1 944 Transylvania RR 1st 5s 1956 J&J 55 Seacoast RR prior 4s series H 1960 103 Toronto 92 Seaboard & Roanoke 5s 1931.J&J 4s series G 1957 92 11034 334 334 cons 1st 3s Dec 1 Suffolk & Car St 60 8 Certificates of 15 2134 Stephenville Nor & Sou Texas— 1st M guar g 5s 1940 stmp. _J& J / Sturgis Goshen & St Louis Ry— Gen & ref 5s 1980 734 1st & — 70 5s 1955.J&J 8 25 A&O Stamped A&O Adj mtge 5s Oct 1 1949 F&A Ref gold 48 1959 opt—...A&O Certificates of deposit 5 434 g Stark Elec RR 1st 7s 1952...J&D Staten laid Ry 434s 1943 J&D Ref mtge 3 34s ser A 1st gold 4s 1950 85 Spok Internat 1st Gen & ref 5s 1979 ser Seaboard Air Line Ry Co— Phila Newton & M Y 3s 1942 A&O 94 Phila & Reading RR—See "Readi ng Co. 62 - 4s 56 Scioto Val & N E 1st 4s 1989M&N 10834 103 60 >artanburg Union & Columbia— 1st 4s 1995 J&J 834 834 734 . 83 47 J&J 1st gold 5s 2000 San Fran & San 4534 J&J 2d 5s Dec 1 2000 Gen & ref 5s 1977 Paul 1st Aiken Branch 4s 1998 1st Mem Div g 5s 1996 9 34 8 54 Salt Lake City Union Depot and KR 1st 5s 1938 M&N 51 2.25 Toledo & Ohio Central— Pacific ext 10734 1.50 2.00 434s series CO 1940-44—J&D 934 934 St Paul Mian & Manitoba- 96 Philippine Ry 1st 4s 1937--.J&J / Certificates of deposit. / Piedmont & Northern— Equipment trusts— I 434s series K 1910-1945-J&J b 1968 ..J&D Mortgage 4b Dec 1 1996—J&D St Paul East Gr Tr 4 34s '47.-J&J St Paul & Kansas City 8hort Line 1st guar 4 34s 1941 F&A Washington— M 434s 1977 ser G*d 4 34s series D 19«1 J&D Phila & Chester Val 4s 1948.A&O A 1990 ser 63 Texas & New Orl 5s 1943--—J&J 61 1534 1st consol g 4s ■ M&N A&O .T&A C.. J&J J&J / J&J / 54 34 St Paul & Duluth— 59 34 58 50 I M&N|/ J&Ji/ Southwestern— 46 34 59 1st extend 3s 1948 M&S / Tenn Ala & Georgia 4s 1957 85 8934 112 84 Tavares & Gulf RR— 89 11134 ser 6% receivers' ctfs 1929 16" 2.25% 95 108 Phi la & Bait Cent 4s 1951—M&N Pitts & "8J4 3.25 98 ..... A&O 81 102 48 106 34 F&A J&J / M 434s 1977 ser C—.J&J 7 34 49 34 Equip trust 2 34s l910-'46 .J&J Perkiomen RR ext 334s 1951.J&J Gen 934 1933-M&N / Certificates of deposit . St L Peo & N W 5s 1948 J&J / St Louis-San Francisco Ry— | Prior lien 4s 1950 series A. J&J / Certificates of deposit / Prior lien 5s 1950 series B.J&J / Certificates of deposit •/ Cons in 4 34s 1978 ser A M&S / Certificates of deposit stpd—i/ Equipment trusts— 434s ser es BB 1941 F&A b 96 ser Gen M 5s 1975 ser B 25 634 4 A&O Riv & Gulf Divs 4s 54 2.25 434s series I 1963 '/ 104 53 5634 4sserie8 D 1945 J& J&J / St Jos & Grand Island 4s '47.J&J St Lawr & Adlrond 6s 1996--J&J 63 1.50 3 34s series E 1949 4s series F 1953 1 115 2.10 Con g gu 434s ser A 1940-A&O 434s series B 1942 A&O 4 34s series G 1942 M&N 1941 1941 St Clair Term RR 5s 1950..M&S St Johns & L Cham 5s 1944 M&S 2.50 394s 1966 4 34s 4 10234 b b b 6s 1974 series B 1 6 104" b Gen con 1st consol g 5s 1994 J&J Develop & gen M g 4s '56.A&0 Develop & gen 6s 1956 A&O Develop & gen 634s 1956—A&O Equipment trusts— 434s series AA 1940-41 -A&O Berwick 75 10134 105% — Gen 20 St Clair Mad & St Louis Belt— Alton Bridge 1st g 4s '51-.J&J b 1st gold 4s 1943 Gen 4s April 1 1960 106 34 34 102 A-.J&J B—J&J 1st 4Hs 1980 ser O M&8 Equip tr 434s 1941-1945__M&N Equip tr 2 94s 1941-1947.-M&N Phi la Bait & 1023* 454 4348 stamped 5434 Railway— 4s series BB 1941-1943.M&S 634 100 103 34 Peoria Ry Ter 4s 1937 gu op. Pere Marquette Ry— 1956 1956 J&J Rutland 9934 Certificates of deposit 2d cons lnc 4s 1990 Apr 1 Peoria & Pekln Union Ry— 1st g 58 July 1st g 4s July 1st 4s 1939 1.50 1910. -J&J Stamped (Fed tax) 1955.J&J Southern 101 36" 30 M&S / Ry— 1st M 4 34s 1957 J&J Rutl Can 1st g gu 4s 1949 J&J f 4s stamped 1949 J&J f 14 18" A--A&O 1st g 534a 1974 series A 65 1.75% 44 38 1st guar 434s 1934 Rock Island-Frisco Term 1940--A&O/ 4s 63 10054 1st coll tr 4s 1949 opt A&O Rock Island Ark & Louisiana— Penn Ohio & Detroit RR— cons 90 J&J --.J&J Rio Gr Wesi Oons mtge 4s 1939 Cons extend 4s 1949—A&O East 52 105 90 Rich-Washington 4s 1943 J&D Rio Gr June 1st gu 5s 1939—J&D A&O A&O A&O 1st & ref 4 34s series B 1981 Pennsylvania RR— Con M 4s gold 1943 M&N Con M 4s gold 1948 M&N 4s stamped 1948 M&N Con M 434s gold 1960----F&A Gen g 434» 1965 J&D Gen g 5s Dec 1 1968 J&D Gen M 43ia 1981 ser D—A&O Gen M 4 34s ser E 1984 J&J Deb 434a 1970—A&O Gen M 3 34a ser O 1970—A&O Oonv deb 3 34s 1952 A&O 30-yr secured 4s 1941-1964.J&J Equipment trusts— 4 34s series D 1941 M&N 4s series E 1911-1949 J&J 2 94s series G 1940-1950-J&D 294sseries H 1941-1952 M&N 2%s Oct 1 1940-1954..A&O 15 9834 Mecklenb'g 4s 1948.M&N Rio Gr So 1st g 4s 1940 1st g 4s guar 1940 2.75 St Louis Div 1st g 4s 1951.J&J 11534 60 2.50 2.75 1st ref g 4s 1955 opt 114 71 1.50 2.00 2.50 Southern Pacific RR Co.— 11234 11334 Rich & M&S 50-year 434s 1981 M&N 43*s 1969 with warr M&N 10-yr secured 334s 1946 J&J Equipment trusts— 434s series H 1940 -J&D 434s series J 1940-1942—J&J 434s series L 1940-1944-J&D 434s series M 1941-1945M&N 234s Aug 1 1940-1954 234 s series N 1910-1951 M&N Pacific Fruit Express— Eq 5s 1941 D (yr) A&O b Southern Pacific (Golden Gate Ferries) 1st 53*s 1949 A&O / 74 11134 6% franc bonds (foreign series) red to 1956 J&D Paulista 334 50 70 Delaware River Terminal 1st 5s 1942 M&N Rensselaer & Sara 6s 1941—M&N _ Paterson Extension 6s 1950.J&D Peor & J&J'/ 103 90" 108 62 1st extended 434s 1938.A&O 62 8t Louis City real est 5s '38 J&J / 102 Paducah & 111 1st 4Mb 1955.J&J Paris-Orleans RR— 1st & ref 434# 1977 ser 1931 100 85 12 Raleigh & S'port Ry 5s '65--J&D / 99 Reading Belt 1st 4s 1950—M&S Reading Company— Jer Cent 4s 1951 opt'06.-A&O 50 Gen & ref 434s 1997 ser A-.J&J 6234 Gen & ref 4 3*8 1997 ser B.J&J 62 2.25 Eq 434s 1941-1815 (s-a)_.M&N Philadelphia & Reading RR— 98 H Imp M ext g 4s 1947--.A&O Extended 4 34s Oct 1 1943 100 Term 5s g gu May 1 '41 Q&F 10134 ' 3 5s 1946 J&J Oregon-Washington RR & Nav— 1st & ref g gu 4s '61 opt-.J&J PacFruit Express—See Sou Pac— Pac of Mo 1st ex g 4s 1938--F&A 2d ext 5s gold 1938 —J&J Oons mtge 434s 193d Cons 1st extend 434s'49 5s 1st Ral & Gaston 1st 5s g 1947—J&J / 81 85 guar Carondelet Branch— :—- 30 Ore Short Line 1st 5s 1946--J&J cons 4 75 32 34 39 3334 33 34 33 34 4134 78 74 65 Coll tr 4s (OP) Aug 1 '49..J&D 1st 4 34s (Ore Lines) 1977-M&S 89 9834 A&O/ Raleigh & Augusta Air Line— 37 Southern Pacific Co— 40-year 4348 1968 43 9934 87 Prov & Wore 1st 4s 1947 Bid 2.50% 98 Val 1st gu 5s g 1941-J&J 101 Prov Sec deb 4s 1957 gu 134 M&N / Prov Ter 1st g 4s gu 1956 M&S / 6534 2.00% 2.00% Bonds 3.25% 117 Potomac _ 1st M 4Kb 1950series C—.J&J Ore RR & Navcona 4s 1946-J&D 1st 5034 53 34 4734 98 Guar 5s 1961 J&J Portland. & Rumford Falls— 5s 1951 M&N 44 49J4 2.50 4134 4134 •98 _. 44 2.50 b 108 98 Port Reading 1st gu 5s 1941 J& J Portl (Me) Term gu 4s 1961-J&J * b F&A 1st gen 5s 1974 series O.—J&D 1st 434s series D 1977 J&D — ^_ Ref & imp 6s 2047 ser B—J&J Ref & imp 5s 2047 ser C.— J&J A&O 1st M 5s 1962 series B — 60 34 Northern Pacific— Prior lien g 4s Jan 1997 Q&J Gen lien g 3s Jan 2047—-Q&F Ref & imp 434a 2047 ser A. J&J 58AJ&D 45 1st M 434s 1960 ser O 41 % A&O 4.25 Eq tr 334s Apr 1 1940-1946 b Eq tr 23*s 1940-1946 3.50 J&D b Pitts Young & Ashtabula— 1st gen 4s series A 1948—-J&D 10034 109 A&O / 1st gtd g 5s 1945 90 _ . . Pitts & West Va Ry 4 34s 1st M4J4s 1959 ser B 12134 85 / Southern 111 & Mo Bridge Co— 1st M g 4s 1951 ....M&N South Indiana 1st g 4s 1951—F&A Ask Bid i Pitts Term RR & Coal 5s '42.. J&J Pitts Va & Char gu 4s 1943.M&N 110 Cons 1st g ♦Called Canadian July 1 funds. at 100. t Called Sept. 1 at 10734- b Basis. /This price includes accrued . interest, ft Last sale, n b Nominal, r 1.00% Payable ■ in NOTICE bond prices are ••and All Interest** except where marked "f" and Income and defaulted bonds Quotations for all securities are as near as 31% 10% 14" 38 8 20 Toledo & Chic 4n g 1941-- M&S ' Omaha Div. 1st 3 Kb g *41 _A&O Wabash Railway Co— Ref & gen 5%a 1976 A—M&S 8 5% 6K 4% 6K 4K Certificates of deposit Ref & gen 5s 1976 ser B..F&A Certificates of deposit Ref & gen 4 Ks 1978 ser O.A&O _ Certificates of deposit Ref & gen 5s 1980 ser D..A&0 Certificates of deposit Warren 1st ref g 3Ks 2000 F&A Washington Central Ry—• 1st 4s Mar 1 1948 Q-Mar 6K 4% 8% 22 g xuar 43 106 % 108 109% 55 40 35 72 % b 1 b - Wichita Falls & Southern— 1st 5s extended 1948 - J&J / 73% 80% 1.00% 1.60% 1.70% 108% 18 f - - 2.10 108 Equipment trust 5s.—-.1943 b Western Ry of Ala 4 %a '58. A&O Wheeling & Lake Erie RR— 1st consol gold 4s 1949.. M&S b Eq tr 2 Ks F Nov 15 '40-'49. Wheeling Term 4s 1940 F&A White & Black River Valley 1st 5s 1980 J&J f - ~50 b 2.25 West N Y & Penna 4b1943. A&O Western Pacific RR Corp— 1st M 58 1946series A..r.M&8 Assented 5s 1946—-.-.- 53 49 1st g s f 4s 1990Western Maryland \ 3.25 12 2.25% 90 112 1.90 1.40% 100 % 9 20 30 1st g gu 4Ks 1941 1st guar g 5s opt.—M&N J&D / 1942 10H 10% 18 21 60 75 Wilmington & Nor 4Kb *77.-J&D Wilmington Ry Bdge 5s '43.A&0 95 93 J&J 1st gold guar 4s 1960 110% M&S 3Ks 1970 104 Wisconsin Central Ry— 1st gen g 4s 1949 Certificates of deposit. 1st & ref 4s 1959— J&J A&O Sup & Dul Div 4s 1936--M&N Certificates of deposit—... Marshfield & S'eastern div 15K 11% 4% 4% 4% 10% 22 5% 7% 8% 4fi ..M&N 1951 Worcester & Conn Eastern Ry— 1st gold 4Kb 1943J&J Tosemlte Valt s f g 5s 1936— J&J 30 10 20 20 22 50 50 65 63 100 1st 1st 1st 8% class B 7% class O 10% class D 4K% class E 100 100 pref.—TOO Clearfield & Mahoning (gu)...50 (guar)— 100 5% non-cum pref (gu)--i-;!$> Cleve & Pitts (gu Pa RR) 7%.50 Common -50 Special guar 4% Colorado & Southern— 4 100 5% class A 100 8% class B 100 7% class O 100 10% class D-...100 4K% class E. _.100 6% non-cum pref stamped.. 100 Boston & Providence (guar) 100 Boston RR Holding pref 100 pref pref 1st pref 1st pref 1st pref 25 100 Canadian Pacific 25 Caro ClinchfJeld & O (guar).. 100 % 1 st non-cum preferred.. j 00 a a a ■a Western— 50. ---25 pref.100 Southwestern (guar} Detroit & Mackinac Ry 5 % non-cum preferred.. 100 100 - .100' Detroit Manufacturers (guar) 100 Dover & Rockaway (guar)—100 Duluth South Shore & Atl— 50 Preferred (guar). Erie common % 90 82% 104% 109 4% non-cum 1st 4% non-cum 2d preferred..100 preferred-.100 50 50 European & North Am (guar) 100 Fort St Union Depot (guar)-.100 Ft Wayne & Jack pref (guar) .100 Genesee & Wyoming 100 Georgia RR & Rank Co (gu) 100 Great Northern Ry— Iron Ore Prop trust 32 35 100 110 50 55 80 44K "2% 2 2 2% 3% 2 1% 1% 33 1% 3 Hartford & Conn Western... 100 Illinois 57 63 100 Central Non-cum 6 % pref series A.. 100 Leased linos (guar).100 8tk tr ctfs—See RR Securs Co Inturnat Rys (Cent 5 Am) com .* 57 110 140 13 15 Joliet & Chicago (guar) K;.. Allegan v Gr Kap (gu).. 10% 12% 10% K C at L & Chic -Pref (gu)..100 Kansas City Southern new * 20 30 t% non nim preferred 100 Kansas Okla & Gulf pref A—100 Lackawanna RR of N J (gu).-100 12 7 70 65 3% 3% 4 4% 8' 8 36 K 40 26 29 68 % 70 1 % 1% 140 9% 2% 42 10% 3 45 % % 38, % 43 1% 4 2 50 preferred. Lake Superior & Lehigh Valley.. Preferred ._ 100 ; 100 100 Ishpeming—100 50 50 .. 30 1% % 43 65" 62 80 55 53 48 90 145 3 3 6 1 4 3 6 • "2% 12 ■ 1% 6% 6% 12% 14 32 35 3% 3 3 1 9* ~§" 16 20 27 36 % 2% 3 77% 90 5% preferred 6% prior preferred 100 100 Massawippl Valley (guar) -100 Michigan Central (guar) 100 Midland Valley 5% pref 50 Mill Creek & MinehiH Nav (gu)25 Mine Hill & Schuyl Hav(gu)..50 Minneapolis St P & S S M— 4% leased line ctfs 100 Mississippi Central .100 Mo-Kan-Texas R R com * 7% preferred series A 100 Missouri Pacific com 100 5% conv preferred ....100 Mobile & Birmingham— per $100 face amount .... 10 50 b Basis. % 20 % lie 15 25 45 9 35 16% 1% 99 1 6% 14% 22% 15 250 34 Pgh Bess & Lake Erie (guar) 50 Preferred (guar). 50 Pitts Oin Chic & St Louis (gu) .100 Pitta Ft W & Chic com (gu)_.100 7 % pref (guar Pa RR) 100 Pittsburgh & Lake Erie 60 Pittsburgh & West Virginia. ..100, Pitts Youngstown & Ashtabula— 100 100 6% non-cum preferred.....100 St Louis Southwestern ...100 5% non-cum preferred 100 Saratoga & Schenectady (gu)-100 Schuylkill Valley Nav& RR(gu)50 4-2% non-cum 110 38% 78 95 148 168 50 145 40 16 80 100 18 Tennessee 3% 40 95 3% 37 1 % 98 34 80 14 16 500 ~5% 15 43 3% 806" 36" 33 36 43 3 22% % 4 85 32 J 28 7% 9% 15% 28% 20 70 8 105 6 73 Valley RR (N Y) (guar) 100 Vermont & Mass (guar) -.100 Vicksb Shrevep & Pac (guar). 100 5% non-cum pref (guar) 100 Virginian Ry— New common. .25 Wabash 6% 25 preferred 100 Ry 41 8 26 50 72 47 54 37% 28% % 48 Warren N J (guar D L & W)._60 West Jersey & Seashore (gu) 60 50 Western Maryland 1 st preferred. Ry 18 100 2% 100 ..100 37 4% com.. Corp— 100 6% non-cum preferred.. Wheeling & Lake Erie Ry.... 100 4% prior lien. "% 75K 75% 237 non-cum conv Western Pacific RR 2 20 40 128 preferred A... 100 pref B.. 100 100 non-cum 4% non-cum 2d pref. .% 55 80 (guar) Ware, River (guar). 33 % 1% % 1% % 10 40 128 ....100 5% 5% 18 37 65 600 % 35 3 New 45 4 35 37 • Union Pacific common 100 4 % non-cum preferred 100 United N J RR & Canal (gu).100 Utica Chen & Susq Val (gu).100 Utica Clinton & Bingham (gu)100 Preferred (guar) 100 10 75 450 17% 45% 100 100 Troy & Cohoes __50 Troy & Or'bush (gu NYC).. 50 Tunnel RR of St Louis (guar). 100 14 75 32 160 Central Preferred Texas & Pacific Ry Troy & Bennington 4 12 60 3% 10% 20 * common preferred Shamokin Vail & Pottsv feu)..50 Sharon (guar Erie).. 50 Southern Pacific Oo new * 50 2% 39 43% 7 5 70 100 ..100 6% non-cum preferred 100 Mob & Ohio stk tr ctfs (gu)_100 Southwestern of Ga (guar)... 100 Stony Brook (guar) 100 Sussex (guar D L & W) 50 Syracuse Bing & N Y (gu) —.100 30 1% 1% 1% 1% 1% 100 Southern Ry common 20 5% 84% Phi la Germ & Norris (guar).. 50 Phila & Trenton (gu Pa RR).100 Piedmont & Northern • Seaboard Air Line 2 8% % 42 100 100 - 2d preferred (guar)... St Louis-San Francisco Ry Lnuh} & Mo Riv pref (guar)-.100 Maine Central 5% preferred 5% prior preferred 100 Preferred (guar).. 100 St Louis Bridge ist pref (gu)..100 155 1 Louisvilli 3.00 71 100 ... 2 50c ... Eastern %4% 111 Cent stk ctf 1952.. 1000 Reading Co. 50 4 % non-cum 1st pref 50 4% non-cum 2d pref.. 50 Rensselaer & Saratoga (guar). 166 Roch & Genesee Val RR (gu).100 Rome & Clinton (guar) 100 Rutland RR 7% pref 100 Rutland & Whitehall (guar) 100 St Joseph South Bend & Sou— Common (guar) 100 1% 1H 3% Mahoning Coai RR 5" Pref (guar N Y Central)....50 il* 29 68 50 Lykens Valley RR & Coal (gu) .20 & Oswego & Syrac (gu D L & W) 50 Passaic & Delaware (guar) .50 Passaic & Del Exten (guar).. 100 Paterson & Hudson River feu).50 Paterson & Ramapo (guar) 50 Pemigewasset Valley (guar).. 100 Pennsylvania RR 50 Pennroad Corp com 1 Peoria & Bureau Val (guar).. 100 45 1% 94 .100 %* 75 63 31 Nashville 47 100 42 45 & 18 103 % 100 Railroad Securities Oo— 1 3%. Old Colony (gu N\NH&H)_.100 Certificates of deposit 65 50 Louisville Henderson & St Louis— Preferred (guar) 100 10% 9% 80 61 Lexington Union StationPreferred (guar).. -.100 Little Miami original guar.. 50 ^ner an# -r betterment *tk Lil Schuvl Nav RR & OosKgii) 75 140 Preferred (guar) 100 Pittsfield & No Adams (guar). 100 Portland & Ogdensburg (guar) 100 Prov & Worcester (guar) 100 20 1 1 non-cum Peterborough (guar) 38 88 80 50 IF Adjust 4% _ Greene Gulf Mobile & Northern com. 100 6 % preferred... — 100 * ctfs Western.——10f. (guar D L & W) .100 12 20 No Carolina (guar Sou RR)..100 North Pennsylvania (guar).. 50 Northern Cent (guar Pa RR)- 50 Northern Pacific Ry 100 Northern RR of N H (guar)-.lOO Northern RRofN J (guar) 100 Ontario & Quebec (guar) 105 100 Erie & Kalamazoo (guar) Erie & Pitts (guar Pa RR).. 42 40 100 .100 pref...100 Ry Pere Marquette Ry com Delaware Lack & 75 Norwich & Worcester pf feu) .100 Ogden Mine RR (gu On N J).100 % 7 63 Norfolk Southern Norfolk & Western 76 6% prer.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 26 - 13% 18% $ Quotations represent dollars 1 70 9 14 60 I* 2% pref (gu)_100 6 42 .100 10% non-cum pref (gu).—-50 N Y Lack & West (guar) 100 N Y New Haveu & Hartf 100 7% conv preferred -100 N Y Ontario & Western 100 Peoria & Morris & Essex (guar) No par value. 1 6 % preferred series A N Y & Harlem com (gu) 38 4% non-cum pref (guar)—100 Mobile & Ohio—See Southern Ry • lH 55 45 25 25 Nashv Ohatt & St Louis .100 Newark & Bloomfield (guar) -.50 New London Northern (gu)--100 New Orleans Great Northern. 100 New York Central RR * N Y Chic & St Louis com .100 34 Montgomery & Erie (guar) Ex-dividend 36 % Nashville & Decatur— Original (guar L & N) 4% 2d non-cum preferred..100 Concord & Portsmouth (gu)--100 6% 5% 1 1st t 32 13% 18% 1 1st f 57 87 Cleve Cine Chicago & St Louis— 8 100 100 -------100 Camden & Burl Co (guar) Canada Southern (guar) 53 80 Common Preferred- Cin Union Term 5% Preferred (capital stock 115 40 100 6% non-cum preferred——.100 7% prior preferred 100 Stamped— Common 32% -100 -100 Cincinnati Inter-Terminal— Preferred (guar).---------100 Oin New Orl & Texas Pacific— 30 Unstamped (guar L & N) 3% 32% 83% 50 50 Albany & Susquehanna (gu)—100 Albany & Vermont (guar) 100 Alleghany Corp common * 5K% pref (with $30 warr)-100 5K % pref (without warr)-_100 2 % % prior conv pref * Allegheny & West (o% 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 Augusta & Savannah (guar)-.100 Avon Gen & Mt Morris (gu)-100 Bait & Cumberland 7% gu 50 Baltimore & Ohio common 100 4% non-cum pref 100 Bangor & Aroostook com 50 5% conv preferred 100 Beech Creek (guar N Y O) 50 Belgian National Rys CoAmerican shares partic pref. Boston & Alb (guar N Y C)-.100 Boston & Maine common 100 Unstamped— 1st pref 5% class A 100 pref pref pref pref 2% .... Green Bay & 85 81 Alabama & Vicksburg (gu) ...100 1st 2% 15 ..100 Georgia Sou & Fla common—100 1st preferred 100 2d preferred.. 100 Goshen & Deckertown (guar).. 10 RAILROAD STOCKS A1 Great Southern com Preferred common. preferred—.. 100 East Mahanoy (guar) 50 East Pennsylvania (guar) 50 Elmira & W'msport (guar)— 50 Winston-Salem Terminal Co— f guar 16 6 % non-cum Winston-Salem Southbound— 8 13 Detroit Hillsdale and Eastern— Willamette Yal Southern Ry— 6s 1939 F&A / Wilm & Newborn 4s 1947 F&A 1st Pacific 7% preferred 6% preferred. Bid Stocks 38% 38% 100 100 100 5% non-cum preferred Chicago & Nortn Western 7% non-cum preferred Par Morris & Essex Exten (guar). 100 Mt Carbon & Pt Carbon (gu)..50 Nashua & Lowell (guar) TOO Ask 35% 35% Pacific- Delaware (guar Penn) Denv & Ri»» Or West 6% 104 Bid ----- Conn & Passumpsic Consol Rys of Chiba Wichita Union Terminal Ry Wilkes-Barre & Common Chic R I & 98 West Virginia & Pittsburgh— A&O 4s 1952.A&0 ref 5Hs 1977 ser A--J&J 4Kb E 1940-1941—J&D 2Kb 1940-1946 J&D 2s G 1940-1949 2d Chic Milw St Paul & 40 (guar)—50 preferred (quar) — -50 14% Cayuga & Susq (gu D L & W) 30 Central of New Jersey 100 / 22" ~ Chattahoochee & Gulf (guar)-100 Chesapeake Corp -* Chesapeake & Ohio common.-.25 Preferred series A.— 100 12 Chestnut Hill (guar) ---50 Chicago Burl & Qulncv.. 100 Chicago & Eastern Illinois— New common w i * New preferred w i__ 40 Chicago Great Western— 5% New common w I— 50 New 5% preferredwi-_ -50 4 % preferred old - -. - -100 Chicago Ind'polis & Louisville 100 30 " 4% non-cum preferred.. -.100 33 70 3Hb Jan 1954 opt 192 J&J Washington & Franklin Ry—. 1st extend 4 ^s 1954 -J&J Wash Term Co—3Hs 1945--F&A 1st gold 4s 1945 guar F&A Washington & Vandemere—_ 1st 4 Ms 1947—F&A West 8hore 1st 4s 2361. --—J&J 1st & Par Stocks Catawlssa RR 1st pref 1st gold 5s 1939 .MAN / 2d gold 6s 1939 F&A f Deb mtge 6s series 6 1939.J&J / 1st lien term gold 4s 1954.J&J / Det A Chic ext 1st g 6s '41.J&J/ Des M Div 1st g 4s 1939--J&J / Washington Co Ry 1st possible for the closing day of the month preceding the date of Issue Ask Bid Bonds and Stocks Wabash Railroad Oo— Eq tr Eq tr Eq tr 71 RAILROAD BONDS JUNE, 1940] 100 RK% cum preferred.. 100 Wilton (guar Boston & Me)..100 — . 45 75 85 50 47 6 23 % /This price Includes accrued interest, k Last sale, n Nominal NOTICE—All bond prices are "and interest" except where marked **§' and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Stocks and Bonds Bid Par Adams Express com Coll trust 4s 1948-Coll trust 4s 1947 M&S 43*s stamped 1946 F&A Securities Affiliated Fund . „ com..--—- conv Per Corp Securs 6% ctfs 1036..M&8 / Corporate Trust shares old ser 1 102 AA. 1023* Accumulative series A A (modified) 9.82 8.44 9.17 1-25 J&J 2.03 2.22 96 97 96 cony Convertible 5 104 9.23 deb 4s 1949 deb 43*s 1949—J&J Air Investors Inc.. —-—* Sec Sec 43* 1023* 993* 1013* 2 preferred 3* Warrants (Mass)— Deb 43*b with com shs 1967.— Aldred Investment Corp (Can)— ♦Amer ex Holding Corp..— - - - ; Amer British & Cont 5s '53 F&A 113* 13 X 98 13.46 1.19 1 -1 "53* 6 3* 2.49 2.76 10c 13* 3 3* A Capital Corp A 10c Class B A.....25 243* 233* 25 Class A opt div ser w w 1 Amer Discount Co of Ga $2 pref.* Amer Elec Sec partic pref 1 32 27 28 3* 35 lki 33* 23* 63* 102 M&N 102 5.73 1 .23 33* .27 3% 93 y2 3 3y2 32 3* 323* 41 y2 - 2 Associated Stand. Oil Shs 35 23* 23 y2 90 Associated Gen Util com v t c. * Inc deb 5s w w 1956 M&N / Income deb 4s 1961. M&N / _ 29 y2 30 10c preferred $23* preferred 1 $3 preferred --1 Amer General Equities Ins—26c Amer International Corp --* Conv 53*s 1949 J&J Amer Insuranstocks Corp * American Investment (111) * $2 preference * 5% conv preferred —50 6.33 23* 223* 253* ... American General Corp 17 H 17 Beneficial Industrial Loan Series B-4 5.56 6.12 12.17 7.00 13.34 7.72 11.12 Domestic Finance pref * Domestic & Foreign ln53*s47F&A / Dominion-Scottish Invests Ltd— 1st coll 4s series A 1952 J&J Corp Economic Inv Tr Ltd 5sA*57M&N Empire Capital Corp A 5 Empire Power Corp partic stk-* $6 preferred * Equitable Invest Tr (Mass) 5 Equity Corp common ] 0c $3 conv preferred 1 Family Loan Society common. _* $1.50 preferred series A * $1.50preferred seriesB * Fidelity Fund. Inc » 5 15 20.76 3.00 7y2 102 81* 104 3* 3* 13* % 12.19 13.11 33 50 233* 135 ux 13 5.23 5.81 7.65 47 5 20 10** 1 * 25 24 113* 10c Canadian Internat Inv Trust— 33* — 91 94 2.25 3.05 60 62 33* 1013* * Corp com—1 41* 39 143* 10 60 14 513* 5 42"" - 3* ik 49"" Aviation Shares 7.64 8.31 79 Building Shares 4.26 5.68 6.18 1950. .M&N 90 95 Electric Equipment Shares 6.80 7.40 Cent Invest Corp 5-6s "57--A&O 94 96 Food Shares 3.55 3.87 ♦Central Nat ♦Class B 20 23 Investing Shares Merchandising Shares— Mining Shares 2.28 2.50 4.11 4.48 4.46 4.86 Petroleum 3.33 3.64 * 1 Central States Electric Oorp._-l 7% preferred Conv preferred Conv pref series of 1929. 6% cum preferred 2 y 100 100 100 .100 3% V* 11* 1% iy Century Shares-Trust * 20-50 22.04 Chartered Investors common 1 * 4 5 Preferred 869 2700 139 143 .......100 City Investing Co 100 Preferred 50 7s series A & B 1950 7s series C 1959. 7s series D 1956--. 6s series A A 1953 6s series AB 1948 6s series AC 1952 Collateral Loan Q-F Q-M Q-J Q-F Q-M Q-J $6 1st preferred $3 2nd preferred Debenture 5s series A * ---* Heller (W E) common Preferred w w 54 100 103 100 103 100 96 99 96 99 96 99 12 10 1st 30 305* 100 84 98 • 35 92 y2 i 3* 99 Continental Securs 5s 1942 M&N / * Continental Shares common 14 11* 3.02 65c 12 14 21 23 23 291* 31 Industrial Securities 2c 1QO Corp Bank Group shares Insurance Group Shares..— 100 60 99 105 .05 2 12.11 13.02 1.77 1.99 1 2 3* 93* New common Internat Securities 7% pref__—1 International Utilities class A.__* Class B 1 * * x Quotations not furnished by sponsor or Issuer. Ex-dividend. ♦ No par value, e Ex-coupons. 1.07 9.56 10.41 5.61 ..... 10k 4.02 10.81 6.82 7.39 4.12 7.44 4.47 ... 4" 3* 33* 6 3* 83* 233* 6-40 7.74 8.38 7.12 6.57 5.47 5.94 5.46 5.92 2.26 Railroad equipment 4.54 4.93 Steel 5.31 8toek8 Class B common 5 Class A preferred 100 North American Bond Trust Ctfs. North American Invest Corp— Collateral 4s 1951J&D North American Trust Shares— 97 vl'A 90 95 2.28 1 2.24 1 2.02 101 Ohio Finance Co. 43*s 1949-F&A Common * Oils & Industries Preferred Oilstocks Ltd 15 !« 1 5 Oklahoma Carey Trust Oklahoma Southern Trust 10 Old Colony Invest Trust Com..* Debenture 43*8 Feb 1 1947 Debenture 43*s Dec 15 1952 Old Colony Trust Assoc Overseas Securities Co Deb 5s April 1 1948 Pacific Eastern Corp Pacific Finance Corp (Calif) 102 153* ....1 com 90 1.80 1 1958.-.. 5.76 973* 33* 423* * y 47"' 43 23* J* 95 33* 23* 95 .* 14 * 15 13* A&O 1 4 33* 70 "43* 10 10 11 Pacific Investing Deb 5a 1948 J&J Pacific Southern Invest pref----* 84 873* 25 30 Class A * Class B * Petroleum Corp of Amer Phoenix Sec Corp $3 -.5 * pref class A 10 Plymouth Fund Inc 10c Provident Loan Society 6% ctfs.. Prudentla' Investors * $6 preferr< l * conv Putnam (Geo) Fund Quarterly Income Shares 10c 5% deb series A 1942 M&N Railroad Employees' Corp— 2 3* 3* 8.05 5.90 2.08 Class A 93* 1.03 6.09 3.71 10.00 ... .......... 33* 3* 63* 63* 24 3* .29 110 95 11.37 10* 7k 63* 263* .34 53* 100 12.16 5.65 6.50 973* 1003* 73* 93* 83* 103* * common 5 115 43* Preferred Railway & Light Securities com.* Conv coll 4 ks ser " 11" '55 A&O .92 Railway & Util Invest A— 1 1.13 33*% preferred * Representative Trust Shares—10 Re public Investors Fund new— Reynolds Invest 5s 1948 A&O 5 Common stock 1 1 $6 preferred * Rossia International Corp 6 Royalties Management A 1 "65* ♦Schoellkopf Hutton and Pomeroy Inc common 10c Scudder, Stevens & Clark Fund-* 5 7 102 3* 4* 8.12 2.64 47 8.62 3.00 50 6*' 3* 12 3* 20c y 35c " 3* 72.69 1 74.15 26 Continued ♦ .93 1 13 Insuli Utility Invest— Deb g 6s 1940 B with war.. J&J / Insur&nshares Co of Delaware..1 "7 i* Apr. 16 97 .83 Insuranshares(Md) ctfs Inc—1 International Holdings & Inv.. * 25c Niagara Share Corp (Md)— Conv deb 5 3*a 1950 M&N 27 .25 53* 3.05 Railroad 27 54 * . 9 73* 213* 213* 25 $1.75 preferred _ —— $3.50 prior preferred ♦6% preferred.. 26 -,-25 6% preferred Inland Investors Institutional Securities Ltd— 28 6 y2 100 preferred Investors 5 Independence Trust Shares * Independence Fund of N A__—5 Industrial Finance vtc -.1 351* 2.78 35c 1 Incorporated 12 10 $4.25 conv preferred * Commonwealths Distrib'n Inc 1 Commonwealth Investment .1 Commonwealth Securs common. 1 Preferred 1 Consolidated Invest Trust com. 1 Consumers Credit Serv 6s 1962.- 100 Preferred 10 20 43*% conv preferred -25 25 ..* Hydro Elec Sec com — * Illuminating & Power Securities— 1 Commercial Invest Trust 1948 2 5% preferred 103 Commercial Banking common. _1 common 3* 13* 3* 303* Household Finance com 91 $1.20 preferred 7% preferred 3* 3* 3* 1 ♦Huron Holding Corp 100 Commercial Credit 4.80 Preferred x-w 100 Cleve Securities 4-6s to 1943-J&J Collateral Bankers Inc— 4.66 4.40 Equip Shares Guardian Investors com 453* 100 3.16 4.27 Railroad 9" 40 2625 2.89 Steel Shares Tobacco Shares 70 1 com... 100 Shares 5.14 Oils..... 4.65 Chemical Shares Corp class A__._* 53* ..... Metala 3.55 76 ... 60 Machinery 4.41 3.25 44 21* 18 57 4.83 * 1953 100 1 2 163* Electrical equipment Insurance 73 4.04 Automobile Shares Automobile Aviation 3* 153* 3* Great Britain & Canada Invest¬ A&O com (Colo) ser B shares (Md) voting tr shares New England Fund New York Stocks, Inc.— Agricultural 33 52^ lok 14 100 23 Corp 4J*s 1959 Group Securities, Inc.— Agricultural Shares.. 103* 943* 3* * Gotham Credit class B 5 10 4.40 40 Securities 22" ~ 80 X32 923* 8-94 23* 25 Chemical 4.04 22 8.18 Building supplies Gen'l Realty & Utilities com..—1 $6 conv pref ww * German Credit & Investment— Pref allot ctf 25% 1st pref--* 20 * 60 27 J&J Conv deb 5s 1953 7 88 Bank stocks 50 13* 8* 5% preferred ser A w w 100 Nat Bond & Share Corp _.* Nat Indus Loan 7s 1957._Q-Jan National Investors Corp 1 Nat Trust Shares Remodlfled 1 Nation Wide Securities— 93 3* $6 preferred 13* >x 63* 5 National Aviation com National Bond & Invest 4 41 25c common 8% preferred 24.83 1 .50 10 Sec 6s x-w 1947 M&S Morris Plan Indus Bank (N Y).10 Mutual Investment Fund 10 Mutual System com ^ 1 1033* 23.09 '«4 Warrants. General Investors Trust General Public Service Corp ment 1 10 * 4.76 "4k 100 95 * ... Gen Shareholdings 14.33 3.68 Deb 5s Feb 1 1952 F&A General Capital Corp * Gen Finance conv deb 5s '51-J&D General Investment Corp 1 $6 preferred Goodall A&O Ltd 1 4.06 Gleneagles Invest 5s June 15 1944 Globe Indus Loan 6s 1955—J&J 93* Canadian Pow & Pap Invest Ltd— Deb 5s series A 1958 F&A 2 * $6 preferred "".28 19.92 3.75 44 Investors—* partic preferred New common wi Preferred 18 15*51 40 conv Midland Invest Corp (Mo)— 3s 1953. M&N Monroe Loan Society class A 1 Morris Plan old 2.92 19 .13 % 20 2.20 39 18.43 British Type Investors A 1 Broad St. Invest Co Inc—.—6 22.32 X 19 X 16 X 1.98 $6 preferred 1956 23* 293* 71 441* M 63* 3 X 3 5 Capital Administration cl A $3 cum pref series A. Carey Trust of N Y Original... Carriers & General Corp 23* 283* 5% 25 69 43 1 100 .... "6"" 53* 24 "7k 1 Bullock Fund Ltd 17.29 7 i8k Brooklyn National Corp 4.20 16.08 13.18 50 Corp common preferred 33* 3.25 Fundamental Investors Inc 2 Fundamental Trust Shares Inc— 2M 6.13 5 10c Fulton Indus Sec units 13 183* 23* 5.54 Maryland Fund Inc 223* 223* ... 183* 23* 10c Massachusetts Investors Trust. .1 Mass Utilities Associates vtc 1 2.59 American Manhattan Bond Fund Inc Marine Midland Corp 9.70 14.41 120 Class B 35c 40 15.96 10c Class A 25c 9.03 101 Fund, Inc.— General 10 Lawyers Mtge Inv (Boston)— Liquidating Shares 5 ser Larkins 7.53 3.11 5.56 14.86 84 3* 18 J* Boston Fund Inc Boston Investment Co 16 10 Bank stock series 5.05 6.80 Fund Warr Trust 1st 5 3*s series B 1945 M&S Lehman Corporation.......... 1 35 3.30 49 y Blue Ridge 14 A—1 123* 23* % 17 20 Foreign Power Secur 6s *49 J&D * ♦Blair & Co X Insurance stock series 10c Fixed Trust Shares series A.. -10 1* 23' 1 15 100 Fiscal 2.76 1 Knickerbocker 98 _ Finance Co of Pa 10.08 ..... Series S-4 * 1 ............. Series S-3 5 Series F Series S-2 263* 26 $7 preferred series A * $6 preferred seriesB * Ea« Util Invest Ueb5s 1954 M&S 15 / Eaton & Howard Management Fund A-l 1 49 $2.50 prior preferred * Beneficial Loan Society com..--* 6% profit share deb 1956--Q-J $5 preferred., 26.80 18.95 12.75 Series K-2 36 23 ... Chemical Fund "Christiana Securities 11.62 Series K-l 83 warr 17.28 1.02 -100 A 1953-A&O Atlas Corporation common—_-5 6% preferred .....50 Option warrants. ♦Bankers Nat Investing A 1 5% preferred Bankers Securities Corp com..50 6% preferred 60 Basic Industry Shares 10 6% preferred Deb 5s with ..... 3* 31 5.25 ♦First Boston Corp.. First Mutual Trust Fund 3% Atlantic Secur 43as Fund 24.54 B-2.ZZIZZZZZZIZZZZZZZI ...... y 303* .92 Foundation Trust Shares 6s series A 1959 Canadian invest. Series Series B-3 22 4.60 33 Burco, Inc common $3 conv preferred K^stone^Oustodian Fund— 1.91 Vs 3 common-.25 Preferred 25 Italian Superpower Corp A com.* Deb 6s 1963 (ex-warrants J&J 2.95 30 conv Investors Trust 8.36 22 ._] Associates Investment Co——* $3 18*' 25 56 15.45 ...2.50 25c Dividend Shares Eastern Equities 3* American European Secur ,._* Coll tr s f 5s 1958sot A...-J&J $2 14.55 2.29 1 Eastern States Corp com... 62 Class B 6s series B 1958 Amer Foreign Investing 7.83 D shares iiH * * ... Amer Cities Pr & Lt cl 14.29 Diversified Trustee Shares— 4 * Shares S3 preferred $6.50 prior pref 3.92 share O shares $3 convertible preferred. Amer preferred 188* 53* ...10 Preferred UOX 1 Allied Int Investing Corp— Business Investment Co of Amer 283* 25 100 * cum Series B 3* Amer 22 Ask Investors Fund of Amer Series Cl Investors Royalty 1 1153* 10 Cumulative Trust Shares... Delaware Fund 30 3* Amer Business Credit 100 4s coll tr CCC 1939-42-..M&N Invest Bond & Share 5s A'47. J&D 93* 253* 8 Deposited Bank 8hs N Y ser A__ 1 Deposited Insur Shs ser A. 1 32 25 Deb 43*s with com shs 1968—Alliance Investment com—--—* 2.27 preferred •7% 3* Aldred Invest Trust 28 1 ♦Crum & Forster Insursh B 22 tr AAA 1940-43..A&O 5s coll tr BBB 1944-51 A&O 2.27 ADO (modified) ♦8% 23* 18 1 Bid Interstate Bond Co— 4ks coll 1.94 Credit Service deb 6s w w '48-Q-F ♦Crum & Forster Inc com.. 10 98 3* 1.94 ......1 Par Per 1.99 1 Bonds ana share X ■ Stocks Ask Bid Par share * ---1 Fund Inc Administered Aeronautical -- J&D Stocks and Bonds Ask Per /Flat price. * Last sale, on page n 84 Nominal, r Canadian price- Public (Includes street and electric railways, gas. Utilities electric power, water, telegraph, telephone and bridge companies.) NOTICE-—All bond prices are "and interest*' except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue Bonds 34 101 105% 105% 104 99 105% 105% 99 X 100% 101 35 42 30 37 58 61 80" 86 Amer Commonwealths Power- Deb g 6s 1952 ser A F&A Deb g 5%s 1953 M&N Oonv deb 6s 1940 M&S American Community Power— 5%s Certificates of deposit 1953 Amer Elec Pow deb 6s '57 M&S15 American & Foreign Power On— Deb g 5s 2030 M&S Amer Fuel & Pow 7s 1934.J&J / American Gas & Electric Co s s 5 13 52% 102% 103% f debs 1950.... J&J f debs 1960 ——J&J f debs 1970 J&J 54% 4% 103% 104% 106% 42 44 J&D Am Pow & L deb 6s 2016...M&S Amer Rys Corp coll 4%s *53.A&O Debenture 4Mb 1963 A&O American States Public Serv 1st 1 5 %s 1948 ser A M&N Deb 6s 1938— J&D 52 54 American Telephone & Teleg— Deb 5%s Nov 1 1943— M&N 93 65 46 p 50 95 12 25-year deb 3%s 1961 A&O 30-year deb 3 Ha 1966... .J&D 105% 104% 74% 10623s2 106 105 76% Amer Water Works & Electric— Deb 6s 1975 ser A M&N Deb 5s 1975 ser B J&D Ana&Pot R RR-See WashRy&El 99% 94 Anchorage Lt & Pow 7-5s'43 F&A Androscoggin & Kennebec Ry— 96 99 M&S 28 Androscoggin W Pow 6s '45-F&A Appalachian Electric Power— 1st mtge 4s 1963 F&A S f deb 4%s 1948 F&A Appalachian Power 6s 2024--J< 50 56 107 H 109 104 % 121 125 105 Aramore St Ry—See Phila Co. Arizona Edison Co- Income 5s 1960 J&J Income 6s 1960 A&O Arizona Power 5s 1950—...F&A 1st & ref 4ha 1950. F&A Arkansas & Missouri Pow Corp— 5s series A ,1957.. J&J Arkansas P & L 1st 5s 1956.A&O Arkansas Western Gas Co— 82 86 99 H 104 95 100% 104% 99 101 104 J&J 41 % 44 % _ M&N1/ F&A / -J&J / M&S / Cons ref deb 5s 1968——. A&O Cons ref deb 4 Ha 1958 M&N 8 f inc deb 5s B 1983 M&S $3 Scrip 4s 1941 Scrip 4s 1942 11 13 11 12 7 9 7 7 10 10 7 10 7 10 7 10 H H 24 !* 43 46 20 24 20 20 12 Income deb 4s 1978 Income deb 3 Ha 1978 Income deb 3%s 1978 .A&O 11H 11H 11% II* Atlanta Wat El & Pr 5s 1943 J&J Atlantic City Electric— Gen mtge 3%s 1964 ...J&J Atlantic City Gas 5s 1960 J&J 1st lien & ref 5s 1957—- -J&J Atlantic City Sew'age 6sA*56 J&D ♦ Called June 1 at 100. Canadian funds. ser 3 Ha 1944..M&N 35|s 1948—M&N ser ser .—A&O Bklyn Un Elev—See Bklyn Queens Bklyn Un Gas 1st cons5sg'45M&N 1st lien & ref 6s '47 ser A—M&N 1st lien & ref 5s ser B 1957 M&N Deb 5s 1950 Buffalo General Electric— Gen & ref 4%s 1981 Buffalo J&D F&A 65 70 58 65 92X 90% 3s 3s 3s 3s 15 15 65 68 106 X 108 X 92 75 % 105 X 102% 80% 104 X 105" 103 104% 86 106 100 99% 109 99% J&D J&D J&D J&D 100% 1940 1941 1942 1943 103 7s 1st 50% 48" 88" 102 86 X May 9 52% 100 109% 111 115 104 106 89 83% 105 102% 103 ..... J&J 25 _ A&O 105% Central Ohio Lt & Power—" 1st mtge 4s ser C 1964 F&A Cent Pow 1st 5s 1957, ser D.J&J 101% 96% 101 debentures— 2s 2s 2s 100 — - — — Feb 15 1942. Aug 15 1942 Feb 15 1943... 99% — 99 99 2%a Aug 15 1943 2%s Feb 15 1944 2%s Aug 15 1944 2%s Feb 15 1945 2%s Augl5 1945 3s 3s 99% 99% 100 98% 98% 98 Feb 15 1946. — 99 98 Aug 15 1946 Central Public Service Corp— Conv deb 5%s *49 .... F&A 108% 110 t 6s 6xt to 1950. 1%8 Aug 15 1940 l%s Feb 15 1941 1 %s Aug 15 1941 103 52 s Serial 100 104 100% 101% Central Power & Light Co— 1st mtge 3 %a ser A 1969..F&A I 100 80% 103 102% 101% Central Mexico Lt & Power— Central N Y Power Corp— I Gen mtge 3 Ha 1962 104% 104X 103X 103% 103% 102% 102% 102% 52% 104 Central Maine Power— 1st & gen 4s ser G I960—A&O 1st & gen M 3 Hs ser H '66.F&A 87 105 45% 103% 103% 104% 1st & gen M 3 Ha ser J 1968J&D 111% 102 104 105 105 108 Cent Public Util.(ws)inc5%s.l952 Central States Edison. Inc— 1st coll inc 3-5s 19&0 M&S Central States Elec Corp— J&J Oonv deb 5s 1948.: Deb 5%s 1954 M&S 15 1 1 70 *26% 1st mtge 4s 1964 J&D Cent States Pow & Lt Corp— 26 1st M & 1st lien 5%a 1953. J&J Debenture 5s 1944 J&J Cent States Utilities 6s 1938.J&J Cent Telep (Del) 6s 118 104 118 J&D 99 85" 99 A&O A&O 67% 1938—M&N 10% 103% Central West Public Service— 5%s 1956. arle Charleston Cons Ry Gas & El Consol gold 5s 1999 Charleston Transit Oo— 1st 5s 1942 Gen & California Water Service— 1st 4s ser B 1961 ...M&N Serial 3 %s May 11941 3 %s May 1 1942. 4s May 1 1943 4s May 1 1944 4%s May 1 1945 4%s May 1 1946 102 Cent Vermont Public Serv Corp 1st mtge 3 Hs ser B 1966.-F&A 100% 101 100% M&S 84 105 M&S 83 M&S adj 5s 1952 Coll trust 5s notes 1942. 65 M&S 90 Chicago Aurora & Elgin RR— 1st & ref 6s 1951 Calif Pac Ry (see Pac Elec Ry) 107 101 - J&D J&D J&D 4s 1947 J&D 4s 1948 J&D Cent Indiana Gas 5s 1957—M&S Central Kansas Pr 6s 1946..M&S 106 101 104 102 101% 4s 1946 77 105 Calgary Power 1st 5s 1960—A&O 1st mtge 4s 1966 June 1 1943— Dec 1 1943 June 1 1944 Dec 1 1944 June 1 1945 Dec ! 1945 4s 1944 103 46 143 90% '100 4s 1945 r 80 143 107 102 3%s 3%s 3%s 3%s 94 Cairo Bridge 1st inc 6 Ha '58.J&J f 5s 1964 13 104 1st mtge 3%a ser A 1968—J&D Serial debentures— 9X 46 s 86 84% 100% Cent Illinois Light 3%s '66. .A&O Central Illinois Public Service— 118 101X 102% 3%s deb O 1948-1952 J&D Buff & Niag Falls El L & Power— 1st gold 5s 1942 F&A 1st 91 100 99 101% 101% 101% 102% 102% 102% 101% 101% 100% 102% 4s Dec 1 1948 4s June 1 1949 105 California-Oregon Power— Deb gold 5%s 1942 98 103% 101 4s Dec 11947— 4s June 1 1948 103 Niagara Electric— if M 46 • June 1 1941 Dec 11941 June 1 1942— Dec 11942 3%s 3%a 3%a 3%b 3 %a 3%a 93 91% 100 .114 47 47 67 103 4s June 1 1946 14% 103 46 58 50 4s Dec 1 1946 4s June 1 1947 — Buffalo Traction— See International Ry Burlington (Vt) G L 6s 1955—J&J Butler Water 5s 1957 A ..A&O Butte El & P 1st s f 5s 1951— J&D 53 60 101 Central States Electric Co— 12 Associated General Utilities— See Investing Companies. 2-yr 6% notes 1933 .A&O Certificates of deposit.. Athens (Ga) Ry & Electric— 1st & ref s f g 5s 1950 J&J Atlanta Gas L 5s g 1947 J&D Gen mtge 4%s 1955 M&S Atlanta Nor Ry—See Ga Ry & El 3%s 1946..M&N 3 Ha 1947—M&N ser 1st 5s 1944 13 deposit 3%s 1945..M&N ser 3ns 1949—M&N 3%a 1950—M&N Coll trust series 3Ha 1951.M&N Brooklyn Queens Co & Sub— 1st m g 5s 1941 (stpd) J&J Certificates or deposit 1st con 5s July '41 (stp)__M&N Certificates of deposit Bklyn Un Elev 5s 1950. F&A Certificates of deposit Kings Co El 1st 4s 1949—.F&A Certificates of deposit Nassau Elec 1st g 4s 1951.-J&J Certificates of deposit 3 17 Certificates of ser Coll trust Coll trust Coll trust 19 M&N 47 100 Coll trust Coll trust J&D 3s June 1 1940 3s Dec 1 1940 100 12 F&A A 8X 8% 8% J&J — 12 M&S ser 43 Bklyn City RR 1st 5s 1941—J&J Certificates of deposit Brooklyn Edison Co1— Consol mtge 3%a 1966—M&N Bklyn-Manhattan Transit Corp Coll trust 4 Ha 1966 M&N Certificates of deposit Coil trust 3s 1941 M&N Coll tr series 3 Ha 1942—M&N Coll trust ser 3%s 1943..M&N 13 J&D 1955 80 98 1939 M&S 1st mtge 3%s 1964 Serial debentures— 106 11 4%s 1978 Deb 5%s 1st & ref 3%s 1965 130 92 IT4 Income deb Associated Telephone Utilities— Deb 6s series A 1941 M&S Certificates of deposit Conv deb 5s series B 1942.A&O Certificates of deposit Conv deb 5%s 1944 ser O.M&N Central German Pow 6s '34-J&D Cent Hud Gas & Elec Corp—_ 1st & ref 5s 1941 J&D 110% 103 11 Conv deb 4Kb 1973 Conv deb 4s 1973 Associated Pub Utilities Corp— 1st lien 5s 1947 ser A J&J Deb 6s series A 1958 M&N Associated Telep & Teleg Co— 92% 91% M&S Bway & 7th Ave—See N Y Itys Brooklyn City & Newtown RR— 5s 44 Central Illinois Elec & Gas Co— 104 X 75 Bridgeport Gas Lt 4s 1952..J&J Britb Colu: ;olum Pow 4%a 1960.M&S Coll trust ser 23 22 M&N M&S 111^ 128X Mtge&Coll tr 3j%sser D'68 J&D Rys Bloomington Dec & Champagne 1st & ref 5s 1940 —M&N Bolivian Power 8s ser A *45.A&O Boston Elevated Ry— Deb g 4 Ha Nov 1,1941—M&N Deb g 5s Dec 1942 J&D West End St 5s 1944 M&S 7s Sept 1947 M&S Brandenburg (Germany) El Pr— Extl 1st s f 6s 1953——M&N / 11 1 Associated Gas & Elec Corp— 8s ex-warrants 1940 ..M&S Conv deb 5 Ha 1973 .F&A Oonv deb 5s 1973 J&D 90 100 Coll trust S fine deb 4 %s O 1983...M&S 8 f inc deb 4s D 1983 M&S 8 fine deb 4%-5%s A1986 F&A 8 fine deb 5-6s B 1986— .M&S Oonv A 5s 2002 Q-F Oonv A 6s 2002 Q-M Oonv A 7s 2002 Cent El & Tel 4%B A 1965...J&J Central Gas & Elec 6s 1946.M&S First lien coll tr 5%a '46.-J&D 109 46% F&A 92 Rys— A&O f Birmingham Elec 4%a 1968-.M&S Birmingham Gas 1st 5s '59.M&N 4%% extended 1944 A&O Associated Gas & Elec Oo— Oonv deb 5 Ha 1977 Oonv deb 5s 1965. Oonv deb 5s 1950 Oonv deb 4 Ha 1949 Oonv deb 4 Ha 1948. 105 101 J&D 1st & ref 5s 1954 ser A M&S 1951 103% _ 100 100 J&J British Columbia Telephone— eiepnone1st 4_%s series B 1961—. J&D i%s Broad River Power Co— 6 %s Cape & Vine'd El 4s A '65—J&J Capital Traction (Wash, D C)— 1st g 5s June 1, 1947 J&D Carolina P & L 1st 5s 1956—A&O Cent Ark Pub Serv Corp— • • 1st & coll tr 5s 1948 ser A—F&A Central Elec of N J 5s 1940—J&J 103X 75 Berlin Elec Elev & Underg 1st mtge s f 6Xa 1956 42 J&J 1953 Term Canadian Utilities Ltd— 1st mtge 5s ser A 1955—M&S 109% Berlin City Elect 6%s 1951—J&D Sink fund deb 6%s 1959-.F&A Deb 6s Apr 1,1955——A&O 85 83 103% 102% 1st 8 f 6s ser A 1953 A&O Aahi'd Home Tel 4 Ha A 1961A&0 Ashtabula Wat Wlcs 5s 1958.A&0 Assoc Elect 4%a 5s Jan 1 1961 Canadian L & P 5s '49 op '14 J&J Canadian Rail & Harbor- 36 94 Bleecker St&FulFy-See NY 1051782 AmerUtil Service 6s 1964. .M&N 1st 6s 1940 31 .J&D 96% Bangor Gas Light 5s 1941...A&O Bangor Hydro Electric— 1st mtge 3%s 1966 J&J Bear Mt Hud Riv Bdge Co— 1st 7s 1953 A&O 'S f income 8s 1953 A&O Beauharnois Lt Heat & Pow— 2d mtge 5s 1978—....—J&J 5s conv notes 1978 J&J Beaver Valley Water 5s '60.M&N Bell Telephone of Canada— 1st g 5s 1957 ser B _J&D 1st mtge 5s 1960 ser G——M&N Bell Telep Co of Pennsylvania— 1st & ref 5s 1948 ser B...—J&J 1st & ref 5s 1960 ser O A&O Bellows Falls Hydro-Elec Corp— 1st mtge 5s 1958 A&O Blackstone Val Gas & Elec— M & coll tr 4s ser C '65...M&N 92% 62 f 29X 34% Deb 58 series A 1975—..—J&J Deb 5s series B 1975 J&J 1st extend 6s 1947 106 Calumet & South Chicago Ry— 1st (35% prin paid) 1927 F&A Camden & Sub Ry—See P S Corp Canada Nor Pow coll 5s '53-M&N Berkshire Street Ry— Am Gas & Pow deb 3-5s '53.F&A Secured deb 3.6-6s 1953 Calif Water & Telephone— 1st mtge 4s 1969 102 Deb 4s series A 1975—...J&J Bergen Turnpike 5s 1951 Bid Bonds Ask 98 100 Baltimore Transit Co— 102 97 Cum income 4s deb B .A&O Alliance Power 1st 6s 1952. .M&S f Alliance Pub Ser(Ohlo)5s '57 M&S Altoona & Logan Val Elec Ry— 1st coll 4s Jan 1 1954 J&J s Bid M&S 52 X Augusta Ry & El 1st 5s 1940 J&D Avalon Telep Ltd 4 Ha '58—A&O 102 Baltimore County Water & Elec 1st 5s 1946 —M&N 105% Atlantic Co Wat 5s '58 ser A Alabama Water Service C'c 1st M 5s 1957 ser A .J&J Albany Ry 1st cons 5s 1930 J&J General 5s series A 1947..J&D All America Coi_ 2%s 3%s 3%s Bond* Ask Bid Adriatic Electric Oo (Italy) Extlsf 7s 1952 A&O Ala Gas Oo 1st M4Hs 1951.F&A Alabama Power Oo— 1st 6a 1946 M&S 1st & ret 5s 1951 J&J 1st & ret 5a 1956 M&N 1st & ref 4%s 1967 J&D 1st & ref 5s 1968. ...M&S J&J 2 Chicago City & Connecting Ry— 103 61.00% 62.50% 62.75% 63.00% 63.25% 63.50% 106 Coll tr f g 5s Jan 1,1927. A&O 5 Chicago City Ry— 1st 5s (15% paid) 1927—F&A 37 s Chic North Shore & MIlw RR— 1st mtge gold 5s 1936 J&J 1st & ref os 1955 ser A J&J 1st & ref 5%s 1956 A&O 1% 2% 2% 88 83 86 103 106 t Called May 31 at 100. & Basis. /This price includes accrued interest, k Last sale, n Nominal, r Payable in 74 PUBLIC BONDS UTILITY bond prices ere "and interest" except where marked "f" and income and defaulted bones Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue NOTICE—AH Bid Bonds Chicago Railways Co— | 1st 5s 1927 stpd as to 25% pt' red and pay Feb 1, 1940- -F&A / Certificates of deposit / Cons M 5s ser A Feb *27--A&O / Series B Feb. 1927 J&D / Chicago Rapid Transit Co— ♦ 1st & ref 6 Ms 1944 —J&J/ Certificates of deposit ... / 1st & ref 6s 1953 ser A J& J / Certificates of deposit / Adjust deb 6s July. 1963-J&J / Certificate of deposit 1/ Chicago & West Towns Rys— I 1st cum inc 5s 1937 —J&J / 43 % 41 9 4% Consolidated Gas Utilities Co— 6s unstamped 1943 ser A.-J&D 6s stamped 1943 J&D 45 49 Corp 9% 4% 1st 6 1st 6 1st 6 1st M M M o 105 M 110 >4 97 77 . 80 77 84 71M 73 70 70 % 69% ' 70 %K 70 70 M M&N 80 81 J&D Deb 5Ms 1952 Deb 5Ms 1949 Citizens Independent 80 81M Telephone f 4%sser A "61--J&J lat mtge s Citizens Utilities Co— 103 M ^ F&A Income notes 3s 1955- 1st coll 4-5 Ms 1948 A&O Citizens Water (Scottdale)— 60 34 M 63 1953 J&J City Light & Traction (Sedalia, Mo) 1st s f 5s 1952 J&D City & Sub PS—See Un Rys of St L City & Sub Ry—See Wash Ry & El City of New Castle Water— 5s 1941 J&D 75 80 88 92 1st 5s series A 31M 99 107% 101M 108 % 40 6s 1942 Colo Utllitie fist 5Ms 1958.M&S / Columbia Gas & Electric Corp— Deb g 5s 1952 Deb g 5s 1952 1969 wl Commonwealth-Edison Co— 107 111 M 107 % 111 M 37 28 Power—| 17 14 84 % 86% 103 M 14 M 75 74 38 130 1st & ref M 3 Ms ser F *66-M&S 1st & ref M 3 Mb ser G '66. J&D 108 M 106 M 110M 108 M 25-year deb 3 Ms 1956. --M&S 105 107 Connecticut Power— 1st & coll trust 5s J&J J&J Stamped guaranteed opt--J&J 5s J&J 1962. 126 124 108 108 M 107% 109"" 3 Ms 1946 Debenture 3 Ms 1948 Debenture 3Ms 1956 A&O A&O A&O J&J 20-year 3 Ms debs 1958 Consolidated Electric & GasColl 68 ser A Aug 1 6s series B 1962 Collateral 6s 1957 1962--M&N F&A F&A Gen g 4Ms Apr 1954 A&O Consol Gas Elec Lt & P (Bait)— Ref mtge s f 3 Ms 1971 J&D 1st ref mtge 3s series P '69-J&D Basis. 110M 4% 4 % 5% 5% 95 99 9 30 33 81 85 70 73 103 101 100 F&A 68 79M 1956.M&S 1943.M&S 72" Ry Co—_ 98 M 84 90 87 93 J&J 1948-A&O Michigan Rys— 1st mtge coll tr 7s 1958 J&J / Adjt 6s due July 1958-... A&O Eastern Minn Pow 5 Ms 1951 M&S Eastern Oregon Light & Power— 5Ms series A 1951 M&S 5s series B 1953. J&J Ref 6s series E Jan 1 96 I—i|' o o 103 M 100 45 46 46 M 46 125 128 105 % 105 98 % 65 A&O 1.00% 1.25% 1.50% 99 ioo m 66 92 93 M 40 50 89 92 87 A. J&D ser 88 M 94 91M Georgetown Gas Lt 1st 5s'61 F&A Ga-Caro Pow 1st s f 5s '52--J&J Georgia Power 1st 5s 1967.-M&S Georgia Power & Light Co— 1st mtge 5s 1978 J&D Georgia Ry & Electric— Atlanta Northern Ry Co— 1st guar 5s 1954 -J&J Gesfurel 6s 1953 x w J&D / Grand Rapids Ry 1st 7s '39.M&N / Granite City Generating— 1st coll 5s 1963 A&O Great Cons Elec Pow (Japan)— 1st M 7s 1944 F&A 120 130 102 104 104% 56 59 103 11 16 50" 75 80 77 M 80 61M J&J M&S Gen s f 5s 1957 Great Lakes Utilities Co— Great Northern J&D 76 94% 55 1942._M&N 57 Power 1st & ref M 3%s Serial notes— 112 106 % F&A __ 1st & ref 4Mb 1953 Mountain '-73' '97% 71 r Power— 1st 5s stamped 1950. Green Bay & Miss Canal— M&S 103 Corp—- J&D 1963 99% 100% _ J&D 1940-1953... ~2% Gulf Power 1st 5s 1968 76 b 101 to 95 66 Gulf Public Service Co— A&O 102% ^ A&O 1st mtge 6s 1945 101 104 M Gulf States Utilities Co— 99 107% 35 122 July 1. '65.J&J 108 108 M Hamilton Gas Corp— 4s series B 1953 Y)—See N Y G Ms- 1961 A&O 101 103 M lstm & ref 3 Msser D 100 % 100 M 101 M 102 M 99 Peoples—See Phila R T Pow Corp (Germany)— 1st sink fund 6Ms 9 1953--A&O 2030.F&A Cent J1 See Eliz & Raritan RivlPublic Serv Eliz & Trenton RR J Corp Elmira Water, Light & RR— 1st & con g 5s 1956 M&S El Paso Electric Co— ' 5s 1950 ser A J&J 9 70 M 71 % 50 M&S 106 Harrisburg Gas 5s 1970—M&N Havana Elec Ry 5s 1952 F&A / 47 5Ms (Sept'31 coupon)'5l-M&S / H Hempstead & Oyster Bay— 95 Water 6% July 1 serially— Hest Man & Fair Pass Ry—See P hil R T 43 Holyoke Street Ry inc 5s 1945 Home Tel & Tel (Ft Wayne;—• — J&J A&O 111M 103 104 Nominal, 50 % 48 101 1st 5Ms series B 110% 56 110 105 Hoosac Valley Street Ry— 1st ext 6s June 1 1947—- M&S Houston Elec 1st 6s B 1950.J&D Houston Gas Securs 5s 1952.M&S 1st 6s series A 1943 106 M 106 Empire District Electric Co— 1st & ref m 5s 1952 _.M& n '49J&D w w Gulf Coast Water 1st 5s '48.F&A 55 Electric k Last sale, 96 40 Edison Sault Elec 4 m 93 7 65 M&S M&S —M&N Economy Lt & Pr (111) 5s '56. J&D 1st 101 94 M 89 1st mtge & coll 6 Ms C55-A&0 General Water Wks & El Corp— 4%s Eliz Plainf & 44 M 44 78 100 M 100 Hamburg (Germany) Elev Undergound & St Rys 5Ms'38._ J&D / Hamilton Gas 6 Ms Aw w '37 J&D / 1947ser A Electric P & L Deb 5s 108% 95 76 7 104 M & 93 1969M&N Hamburg (Germany) Elec Co— Extl g 8 f deb 7s 1935—M&N / 1st M & 1st lien 5s 1955 B 3 Ms 1st M s f Edison El 111 JN 17 10 lOOM A&O General Gas & Electric Corp— Scrip 4s due 1942 / General Public Service Corp— See Investing Companies. Green Eastern Shore Pub Service Co—■ 1st m 5Ms 102 100 Florida 1st lien coll tr 5Ms l66"" 96 5s 1948 B Mayl 1942 J&J / Federal Water Service Corp— Conv deb 5 Ms 1954 M&N Federated Utilities Inc— 1st lien col tr 5 Ms 1957-—M&S Florida Power Corp— lstsf 4Ms 1956 79 H -...J&J 4Ms 1948 A___ m Pass Ry 5s 1st & gen 6Ms 1950--- Ref 6s Jan 1948ser O-.M&S 15 Ref 6s series P Jan 11948-A&O m 100 Great Lakes Power Ltd— 99 r 103% Pleasant Valley General Public Utilities— IstM coll tr 6 Ms ser A'56_A&0 93 '49--A&O Ref St & 1st lien & col 5s 1943 1st 5s 1941—M&S 104 M 106 /This price includes accrued interest, 109 109 H 108 M „ lsts f 6 Ms 1950 Consolidated Gas of Baltimore— b 108 103 East Jersey St Ry 5s 1944.-M&N 100 E. Kootenay Pow 1st 7s '42-A&0 East Prussian Pow 6s *53 J&D / 10 Eastern Gas & Fuel Assoc—■ Elec & 87 85 Consolidated Edison Co of N Y— Debenture 97 Edison Elec Ilium of Boston— Conn Riv Pow 3% ser A '61 F&A Consolidated Cities L P & Tr— 1st lien 95 M&S Dumbarton B'ge 6 Ms to *49-J&J Duquesne Light—See Phila Co Duquesne Nat Gas 7s 1948.-J&J Duquesne Trac—See Phila Co Eastern Mass Street 100 Federal 1st 3%s series A 1969 1st 3 Ms series B 1969 2 w s Easton Consol El 5s 1949 1956 24 M Eastern 127 Connecticut Ry & Light— 1st & ref 4 Ms 1951 23 1955—M&S Dominion Gas & El 6 Ms '45_J&J Dortmund Munic Util (Germany) 20-yr sf 6 Ms 1948 A&O / Ref Light & Power— A._M&N 95 F&A Eastern Iowa Pow 6 Ms 94 M 15 — Gatineau Pow deb 5s 65 93 - Eastern Lt & Pow 4s A 1965. J&J Debenture 6s 1954 ser B._ J&D Fed'l Pow & Lt 6s Nov 1,1965. 43 106 63 '66M&S 1st m & coll tr 4s A 102 95 43 108 Dom Elec Pow 5Ms Durham Trac 100 H 101 % Telep 2d 6s 1954 J&J Un Wat 6s 1935--J&J 99 Fruit Growers' Express— 1.50 Equip trust 4Mb to 1941—F&A b 2.00 Equip trust 4Mb to 1943--M&S b 2.25 Equip trust 4s to 1946 M&S b Fullerton-Portsmouth Bridge— 1st s f 6s 1957 M&S / 50 Galveston-Houston Elec Ry— 1st M a f g 5s 1954 opt——A&O / 88 Gandy Bridge (Tampa)— 1st mtge s f 5 Ms 1957 90 A&O Gary Electric & Gas Co— 1st lien coll 5s 1944 97 % J&J 26 Q ary Rys Co 6 Ms ser A 1945 F&A G ary Street Ry 1st 5s 1937.-A&O 25 Gas Co of New Mex6Ms '44 M&S 98 Ga8& El of Bergen Co os "49. J&D 112% Gen 5s Nov 1.1954 124 M&N 82 Detroit International Bridge— 1st mtge s f 6 M® 1952 F&A East Coast Pub Serv 4s 1948 (Internatser) 1942.. M&S Stamped M&S 1st lien g 6s 1942 stpd—_M&S Fontana 103 M&N _ 105% Florida Public Service Co— 1st 4s series C 1955 -J&J 102 M 32"" 108 M 100 M 110 R Tran Gen & ref 4 Ms 1961 ser D_F& A Gen & ref M 4s ser F 1965. A& O 1st 5s 1953 85 f Sinking fund debs 5s 1946-J&D Florida Pow & Lt 1st 5s *54--J&J 73 40 Light & Traction— (Amer series) 1942.M&S 50 2% Duluth-Superior Transit— Foderal 106 108 70 M 103 M&N Certificates of deposit S f deb g 7s 1952 Ry 5s 1941 A&O Fall River El Lt 3 Ms 1968—M&N 40 & Canada Tunnel— Gen & ref M 3 Ms ser G Erie & Suburban 104 104 105 M 98 M Community Power & Light Co— Col M 5s 1957 M&S ser 98 80 1st mtge g 4Ms 1969 &J 1st mtge g 4Mb 1969 .J&J Delaware Vail Util 6s 1952.M&N 35 Community Public Service— 1st mtge. 48 1964 102 M&S 13 M Community Teleph 5s Jan 1 1949 / Community Water Service Co— Deb g 6s 1946 ser A 71 J&D Deb g 5%s 1946 ser B 70 M&S 36 Conestoga Trac 1st 4s 1950--J&J 95 Coney Isl & Bklyn cons 4s '48 J&J f 7s '51 95 106 101 102% s 90 102 M 104 M 1st & ref 88 104 M 45 Commonwealth Telephone (Wise) 1st 4s series A 1966 _M&S Connecticut 4 101% Durham Pub Ser 7s A J&J / 2 5 Ms 1959 J&J Delaware Power & Light Co— 1st M 4Ms 1971 J&J 109M 23 J&J 135 A&O / 28 A&O 108 1st mtge 4s series O 1966—J&D Deb 107 M 107 Com'w'lth El 5s June 1 '43-M&S 115 Commonwealth Gas Corp— Non-cum Inc deb 6s (w s) 1948- / 34 Non-cum inc deb 6s (x s) 1948-1/ 25 Commonwealth Light & Ref & unif 7s 1962 84 Delaware Electric Power Co— 104 M 104 32 1st mtge 3 Ms ser I 1968. _J&D Conv debenture 3Ms 1958-J&J 81 % Certificates of deposit 97 M w w 65 Dallas Power & 102 M M&N 1st 5s 88 44 40 Deb 5s Jan 15. 1961 J&J 15 Columbus (Ga) Elec & Powerlst & ref 68 1947 ser A J&D Inc. debs4s 108 war Rys 1st 6s 1954 Erie Ltg 1st m 5s 1967 104 % 84 Telep conv 5s 1951---J&J Cumberland Co (Me) Pow & Lt— 1st mtge 3Ms 1966 A&O Cumberland Gas 6s w-s 1948M&N Convs f deb 6 Ms 1948 Certificates of deposit 1st 5s. 1966 Detroit Edison— 1953 with Electric 6s 1959 Erie 1st 5s Co— Light— 1st mtge 3Ms 1967 F&A Dallas Ry & Ter 1st 6s 1951-J&J Danbury & Beth Gas 6s 1948 F&A Darby Med & Ches Ry—See Phila Darby & Yeadon 4Ms 1934 Dawson Ry & Coal 5s 1951--J&J Dayton Power & Light— 1st mtge 3s 1970. J&J f 6 Ms 105 56 5 100 M 100 M&N Columbus Ry Pow & Light— 1st mtge & coll tr 4s 19o5_M&N Commercial Mackay Corp— M&N 106% 109 % 53 —— M&N A&O 15 1st & ref 5s 1954 ser B 106M 107 . 37 1940 104 % 103 % M 104 M 1st mtge s f 6s 1953 M&N Certificates of deposit--- — Cleveland Electric ilium— 3 80 Detroit _ 6s M&N Denver Tramway Corp— Gen & ref 5s 1950 ser A-.-J&J Des Moines Ry 1st inc 5s Jan 1 *55 City Water (Chattanooga)— 1st M 5s 1954 series B—.J&D 100 1st M 5s 1957 series C..-M&N 104 Clarksbury-Columbus Short Route Bridge 6 Ms 1952 J&D / 45 Gen mtge 3 Ms July 1, *65. J&J Cleveland Ry 1st 5s A 1945-M&S Coast Cos Gas & Electric— 1st s f 4s series B 1965 M&S Colonial Util 5 Ms 1958 J&D 104 . _ A&O M&N M&N M&N Coll inc 6s B Oct 1 ,1954--J&D / Cuban 106 93 A&O Cities Service Co— Ref deb 5s Jan 1 1966 M&S Deb g 5s Apr 1958 A&O Deb g 5s 1963 —M&N Deb 5s 1969 M&S Conv deb 5s 1950--J&D Cities Service Power & Light— Water s Ask 80 Co— 3 Ms 1965 mtge 3 Ms 1967 mtge 3 Ms 1970 mtge 3 Ms 1966 mtge 3 Ms 1969 Consumers 1st Erie Co 1st coll 6s series A 1946. M&N Deb 5 M® series A 1970 A&O Contin Gas & El deb 5s 1958 F&A Continental Pub Serv 6s *40 J&D / Cooper RlvBri'gelnc 1st 6s'58M&N Copper Dist Pow 4 Ms 1956--J&D County Gas (N J) 5s Jan I 1952. Crescent Public Service Co— 5 4 85 of Upper mtge Bid 107 M 97 — 1st mtge 3 Ms. 1966F&A 1st mtge 3 Ms 1967 J&D Cin Newport & Gov L & T— 1st ref 6s 1947 series A J&J A 1st Power Bonds Equit G & E Utica 5s 1942.A&O Ercole Mareili El Mfg Co (Italy) 80 75 Wuerttemburg 1st 7s *56--J&J fk 14 M May 6 % 76 A&O 6% notes, 1940 Hydro-Elec Wks Consumers 5M 5M 5M 5M Cincinnati Gas & Electric— Cincinnati Street Ry— 1st m 5 Ms ser A 1952 1st 6s 1955 ser B.^__ Consol Ask Bid Bonds Ask 1955 103 21 98 lOl"" Houston Gulf Gas 102 % 102 M r Payable in Canadian funds. 101M 100 M 102 103 and Income and defaulted bond* month preceding the date of issue bond price* are "and interest" except where marked "f" Quotations for all securities are as near as possible for the closing day of the NOTICE—All 105 124 1st mtge 6s series A 1954. .M&S 1st M 5s 1954 ser B M&S 1st 5s ser C 1962 jA&O Hydro El Bond & Sh 5s 1957M&N Hydro Klec Power Commission (Ontario) 3%s 1943....._J&J 4%s due Jan I. 1970 J&J 3%s 1947 A&O 2%s 1942 / 3%s 1953 F&A 3s Aug 1 1948 A&O Idaho Power 1st 3%s 1967—A&O Illinois Bell Tel 3%s B '70-A&O Illinois Commercial Telephone— M&S 1st mtge 5s 1960 ser B —.M&S 111 Community Tel 6s 1949--J&J Illinois Power & Light Oorp— 1st & ref 6s 1953 series A—A&O 1st & ref 5%s 1954 B..J&D ser 1st & ref 5s 1956ser C J&D 8f deb $,%s 1957 M&S Indiana Assoc Telegraph— 1st mtge 3 %s ser A 1970—F&A 99 See Invests.,. 100% 5s 99 98 106 108% J . . . 60 99% 97 90% 104% 1st 5s '46 —Fi 1942 F, Kansas City Public Service— 1st ref 4s series O 1957 J Kansas City Gas 1st 6s series A 92 95 58% 60 57 % 59% 13 8 Kentucky Power & Light 1st m 5%s 1948 ser B Kentucky utilities Co— Co— M _ J&J J&J 34 36 3 109 2% 98% 99% 97 98 103 105 101% 90 147 171 101 102 > Purch money 6s g 1997. KingsCoElev—See Bklyn-< > k 68 65 I 104 % 106% Water Kokomo 105% May 4s 4s 104 4s 102% If. Debentures 6s 1948 4s 78% 86 80% 83 Mich Fuel & Lt 6s A 40 38 44 Michigan Gas & Electric Co— 1 st & ref 6s 1943 M&S / 4s 4s "II 50% 101 1/ 9% 75 79 78 r 30 % 35 29% 32 105% 71 72 110 71 76% .... if 75 Lake 76 Superior District Power106% Leipzig Overland Pover— S f mtge 6%s 1946 M Lewlston Gas Lt 3%s C '56./ Lexington Ry 1st 5s 1949 J Lexington Water Power Co— 101 97 100 % 20 If )' 65 26 17 21 78 8z Conv deb 5%s 1953 73 100 Lombard Elec Co (Italy)lst extl 7s 1952 51 53 Missouri Gas & 105 Missouri Power & Long Island Lighting- 103% 52% 53% 32% 61 6 - - - - 103 101 104 4 6s 74 76 100 41 107% Louisville Ry— 102 102 ♦Called June 1 at 102%. Payable in Canadian funds. 105 1966.M if r 108"" i. «» 107 .... 1st M s 102 M&S Val Public Service— 1939 — -J&J / A&O 93 '56--A&O / 100 A&O / 97 Mob Lt & RR Cons g5s'41.M&S 102 Mohawk Valley ref 6s 1991 M&N 78 Debenture 6s 2031 A&O 60 Income 7s 1956 / 9 97 Light & Pow Co -J&D Monongahela Valley Water— 1st M 5%s 1950 series A..J&J Monongahela West Penn Pub Ser 1st & gen mtge 4%s 1960.A&O Debenture 6s 1965 A&O 1st M Conv f 7s 1948... 86% Telephone— 118 5s 1949 99 106% 104% Montana-Dakota Utilities— 100 Luneburg Pow L & W Luzerne Co (Pa) Gas & 30 F&A f 5s 1960 Monongahela — Lower St Lawrence Power— 100 91 107% Monmouth Cons Wat 5s '56. J&D - Lower Austrian Hydro-Elec— 101 106% 106% 107 % 115 Lowell 100 102 1st cum inc 9s ser A 102 Gas Light— 1st mtge 4%s ser A 99% 109 Mobile Gas Service Corp— 1st 5s 1956 78 72 1st ref s f 5s ser B 1950—-A&C ) Louisiana Pow & Light Co— 96% —A&O Light— %s series C 1961 Missouri Railway Corp— ser A 1948 A&C) 1st ref s f 5s 101% 101% 101% s Missouri Los Ang Pac Co—See Pac El Ry Los Ang & Pac RR-Soe Pac El Rj J Los Angeles 99% 1st mtge 3 %s 1966— J&D Missouri Public Service Co— 1st Los Angeles Hermosa Beach & Redona Ry—See Pac Elec Ry 62 101 105% 100 55 102% Elec Service— 1st 4-5s 1956 60 75 105%' Light Co— J&D 1st & ref 4%s 1978 M&N Mississippi Power Co— 1st & ref 5s 1955 M&S Mississippi Power & Light— 1st M 5s 1957 J&D Mississippi River Pow 5s '51-J&J Deb 5s May 1. 1947 J..M&N Missouri Edison 1st 5%s '47 J&D 104 —. 36 98% 1st & ref 5s 1955 86 > 26 85 102 F&A 1938__.M&S / Minnesota Power & 103"" I Apr 1 1942 1960 - 1967 M&S Minneapolis Gas Light Co— 1st mtge 4s 1950 J&D « 101 4s Oct 1 1942 48 Apr 1 1943 3%s 1969 85 58 1st M 4%s 108 26 20 20 9 4s 1st mtge 126 99% 90 Milwaukee Gas Light Co— 100 40 98% Traction— J&J Middlesex & Somerset 54 51 % 39 Louisville Gas & Elec Co (Ky)— 1st & ref M 3_%s 1966 M&S Louisv Ltg 5s '53 unstmpd—A&C> Debenture 6s J&D Midland Util deb 6s Lohigh Valley Transit- 35 100 Michigan Public Service Co— 1 st g 5s 1947 ser A A&O Middle States Utll 6s A 1951 A&O Middle West'n Telep 6s '43.-J&J Middlesex Elec Light Power— 5s 1955 J&J 98 100% 101% M&S 1950—.J&D / - 4s Apr 1 1941 4s Oct 1 1941 M&S M&N 101 101 5s 1950. 106 Iowa Pow & Lt 1st 4%s 1958 101 1st M 5s 1956. 37 ! notes— Iowa Public Service Co— Deb 5s 1968. 102 2 * Iowa Electric Co—1 1st mtge 4s ser E 1955 J&D Iowa-Ill Telep 2-5Ha 1949..A&O Iowa-Nebraska Light & Power— 1st lien & ref 5s *57ser A..M&N 1st 1& ref 5s 1961 ser B...M&S 104 102 4s >/ —— Interstate P S (Ark) 6s 1940 M&S / 3 Interstate Rys 4s 1943.. F&A / % 101 Interstate Tel & Tel 5%s 19.53J&J C *42.F&A 104 10 25% 4s Apr 1 1945 4s Oct 1 1945. 4s Apr 1 1946 103 81 — Laclede Gas Light Co— Ref & ext 1st 5s 1939.. Ret & ext 5s 1942 28% 4s Oct 1 1943 100% 38 55" 49 7 25% 4s Apr 1 1944 4s Oct 1 1944 80 105 1940 1941 1942 1943 1944 1945 1946 1947 1948 ) 53 27 % 70 4s Oct 1 1940 1 1 Augl Aug 1 Aug 1 Augl Augl Aug 1 Aug 1 4s Aug 4s Aug 6 107 % ) J&J J&J 25 „ Works— 90 1961 15 30 M&S 1st mtge 4s 1963 Serial notes— s 101 85 Telephone 3s 1961. J&J 98 45 ext'49.-A&O A1968 M&N Michigan Consolidated Gas— A&O — 99 Metropolitan Edison Co— 110% 1st M 4%s 1968 ser D__-M&S 107% 1st M 4s 1971 ser E M&N 108% 1st mtge 4s ser G 1965—M&N 91 Metrop Edison Corp 6s '61.M&S Metro Wat Sewer—See Fgn bds Metropolitan West Side "L"— 6 1st gold 4s 1938 F&A / 5% Exten gold 4s 1938 J&J / 20 Mexican El L 1st M g 5s '42.J&J 20 Mex Lt & Pow 1 st 5s '40 s f__F&A / 1st mtge 4s ser 7 Int-State Bridge 4-6 %s *50-M&N Interstate Gas & El 6s 1951 J&D Interstate Power 1st 5s 1957.J&J Deb gold 6s 1952 J&J 50 Maryland Light & Power— 1st M 5%s 1950 ser A J&J Maysville P Serv 5%s A 1942A&0 Memphis Street Ry— 3-5s series A 1945 A&O 3-5s series B 1945 Ann April / Meridionale Electric Co-4lst 8 f 7s 1957 ser A A&O 100 F&A ser 60 ) 16 Deb 5s 1955 101 Mar 1952 Michigan Associated Telep Co—- 16 Debg4%s 1952 104% Q-A Mexican Utilities 7s 6 BufTTrac 1st 5s 1948 J&D International Telep & Taleg— 101 100 Miami Bridge— Income deb 6s (w-s) 14 International Railway (Buffalo)Ref & impt 3-5s 1962 M&N 101% Rapid Transit 101 14 6 % % sec bonds 1955 ser O J&D Sec 7s 1957 ser E ..F&A 8ec7s 1952 ser F J&J15 58 Ry (San Francisco)— 101 J&D M&S J&J 58 f 7s 1940 ser A Q Jan 99% A&O Debentures 6s 1955 International Power Sec Corp— Iowa El Lt & Pr 7s s 98% B —.M&N 1957M&S 85% F&A 1945 110 101 81% 52% 44% „ > 44% Interborough Rapid Transit— 1st & ref g 5s *66 op tax-ex. J&J Certificates of deposit 6% notes 1932 A&O Certificates of deposit Conv g 7% note 1932. —.M&S Certificates of deposit Intercontlnents Power Co— Debs A 6s 1948 J&D International Hydro-Elec System Conv deb 6s 1944 w w A&O r 1st 120% 6% 83 Market Street El Pass Ry— See Phila 101 100 16 O — 48 _ Market st if ^ 14 Inland Telep 1st 6s 1948 A 107 I 105% M&S Debs f 7s 1935 ser 105 I 50 f 6s A 1936 80% 80% 35 1956. A&O A&O Maritime Telephone & Tel— Ref & gen 6-4 %s ser B 1966 J&J Ref & gen 4s series C 1967. J&J I J&J F&A Sinking fund deb 7s 1938.F&A Inland Power & Light Corp— Serial V \ 61% 102 6%s stpd 1952 (25% paid) 1st 4s 105% J 75 103 Secured 5s 1958 Inland Gas 6%s 1938 Certificates of deposit Internat l Pow Ltd 6%s Deb 6s 1957 Marion-Reserve Power— 1st mtge 3 %s 1960 102 3%s 1966 Indianapolis W W Sec Co— Investors 104 101 ... 5 f 5%s f 5%s 103 1st mtge ser O/ (Stamped mod) ext at 5% to Indiana polls Water— ser V 5 102% 3%s ser A 1966.J< Kansas Gas & Electric— 117 Deb gold 6s 2022 ser A .M 5 99% Kansas Power 4s series A *64 J& Kansas Power & Light Co— 107% 1st mtge 3%s 1969 J J J 90 Kentucky El Pr lsts f 6sl960J Kentucky Fuel Gas Corp— 1st 6%s 1942 stamped 1% J<! J / Kentucky-Ohio Gas Co— Ctfs indebt 2s 1958 Ji if 29 Keystone Telephone Co— f 6s 1941 100 1st mtge 104 b ~8" 104 Kansas Electric Power— 106 44 An Oct Maritime Electric 4 %s Gen sf5%s 1956 39 5 / - 3%sAugl 3%s Aug 1 3%s Aug 1 3%sAugl Coll tr 6s 1957 104% J Keystone Public Service— 1st M 5s 1978 Colltr 104 103% 3 102% 100% 98% 91% 102 • 103 50 3 100 Coll tr 47 105 101 Terminal— / Certificates of deposit— Manila Elec RR & Ltg Corp— 1st lien & colltr 5s 53 M&S Manitoba Power Co Ltd— 8 56 97 106% '53.J&J '51 ser A—J&J 1st M s 1952 ser B..J&J Mannheim & Palatinate Elec.Cos 15-year s f 7s 1941 J&D ) Hob. 3s Aug 1 1940 3s Aug 11941 Indianapolis 3 J 1967 Serial notes— 48 Aug 1 4s Aug 1 40% 2 2/ 56 .... 1st M 101 Indiana Telep 5s A I960 102% J&J Indianapolis Columbus & South¬ 70 ern Traction 1st 6s 1948.-F&A 55 Indianapolis Gas 5s 1952.._A&O f Indianapolis Power & Light— 105 3%s 1st mtge 1968 F&A 4s Aug 1 38% */ 1st M 4%s 101 % 54 M&N '52. J&D Ry (N Y)— Manhattan V 2-6s. Jer City 100% 105 1942. 1943 1944 1945 1946 1947 1948 Ry 5s. 1967 65 62 5 1st 100% 99% 106% 109% A 1959 Cons 1st guar 4s 1990—.A&O / Certificates of deposit— — — / 2d gold 4s 2013 -J&D / 1 uo2 ] River Bridge System - James 101 100 Indiana Ry & Lt 1st 5« 1943-J&J J&D S Inc deb 6s ser A w g 93% 112% 1940 stamped 1942 114 102 ser Ry & Light 1st 5s 1st income 3-6s 1957 ws Jacksonville (Fla) Ga^— 102 101 f 4s s _ 2d income 4s 1963 w ■—Ann Companies. 112 Indiana Hydro-Electric Power 1st mtge 5s 1958 ser A M&N Indiana Pr 1st 7%s *41 A .M&N conv notes 41 J * 102% Indiana Central Telephone Co— 6% 35' 1st Macon Gas 1st mtge 4%8 Macon 100 1st lien coll 5%b 1938... .M&N / 118 88 Indiana Gas Utilities 5s 1946.J&J Indiana Service Corp— 1st & ref M 5s Jan 1. 1950. J&J 1st 1 & ref 5s 1963 F&A Indiana & 8 W Gas & Utll— 98 Quebec Power— Manchester Island Gas & Electric— 25-yr s f 5 *• 1953 ser a— Italian Super wer Corp— 103 101 102% 95 ""lee Co Isarco Hydro 101 100 101 * 1 102 119 % 75 J * Hi& 108 107 Bid Bonds Ask McLaren Utilitiesref 5%s 1950— Iowa Southern Huntington Water Corp— 1948 Bid Bonds Ask Bid Bonds Houston Light & Power— 1st mtge 3 %s 1966 J&D Houston Natural Gas Oorp— 1st m coll 6s *43 with warr.J&D Hudson Co Gas 5s g 1949—M&N Hudson River Trac 5s 1950.M&S 1st 5s series A 75 PUBLIC UTILITY BONDS June, 1940] —— Elec— deb 4%s 1946 f 4%s 1954 1st mtge s Montana Power— A&O M&N 104 100 103% 102% 104 105 104 108 Montreal Lt Ht & Pow Consol— 107 108 98 3%s 1966i_J&D Montreal Isl Pow 5%s 1957 M&N 108 96% 100% 101 t Called 1st & coll s f 3 %s 1956 1st & coll 3%s 1963 1st & coll 3%s 1973 98 Conv 102% 102% July 1st & ref mtge 1 at 105. t Called July I at 102%. & Basis. notes 3s 1949 F&A —J&J -J&J J&J r r r /This price includes accrued interest, 94% 97 90 99 k Last sale. 76 BONDS PUBLIC UTILITY "and interact" except where marked **f" and Income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue NOTICE—All bond pricos Bid Londs I 56 79 56 70% Tel—_ -JAD 104 H Mutual Un Tel—See West Un Tel Narrangansett Electric Co— 1st mtge 3 Hs 1966 .JAJ Nashville Gas A Heating Co— 1st 5s 1951... MAN Nassau El RR—See Bklyn Qu< Nassau A Suff Ltge5s 1945--FAA 96M 95 98 97 98 102 National Power A LightDeb 6s series A 2026 __F&A Deb 5s 2030 ser B --MAN 109 M % 101% 23 JAJ AdJ income 6s Jan 1 1965. .Apr Bleeck St A F F 1st 4s '60.JAJ B'way A 7th Ave 5s 1943. JAD ser A..MAN mtge 4s 1965 FAA M 4Mb 1980 MAS 4Mb 1960 —MAS mtge 3 Ms 1964 MAN New York State Rys— 1st 1st 4 Ms 1962 ctft con 6 Ms 1962 ctfh New York Steam Con)— 1st mtge 3 Ms gtd 1963 con MAN MAN JAJ 3 Ms debentures 1954 102 y8 4s debentures 1959 FAA Nor Amer Gas A El 6s 1949-.JAJ f 27 North Amer Light A Power Co— Sf deb 5 Ms 1956 97 JAJ 105 102 M 104 % 99 88 M 103' North Penn Gas Co— 1st M A lien 5Ms 1957 96 98 Pacific Telephone A Telei Ref mtgleS Ms ser B1966—AAO 104 % 111M 101% North Shore Gas Co of Illinois— 80 83 76 80 28 21 98 121 Boston Ltg 3 Ms secured notes Properties 105 104 19471—.AAO ..MAN Joint 1st mtge 4s ser A '42. JAJ North Texas Co 3-6s 1957 JAJ Northern Indiana Pub Serv— 1st 3%8 series A 1969 FAA Nor Indiana Telep 4 Ms '55.MAN 99 % 55 Northern N Y Utilities Inc— 123 M 1st lien A ref 7s 1946 A—.MAN 120 1st lien A ref 6s 1947 B. .MAN Northern Okla Gas 1st 5s '46. JAJ t 103 Northern Penna Power Co— 105 1st A ref 5s 1956 ser A JAD 104 1st A ref 5s 1962 AAO Northern States Power (Minn)— 52 M 54 53 54 94 93 94 107 122 % 123 Northwest Louisiana Gas— 1st M 6 Ms 1936 with warr. JA D ./ Northwestern Elevated (Chic)— 1st mtge 5s 1941 opt ..MAS / 100M 62 125M 70 101 N*westernTeleg1st4Ms *44-JAJ 103 % Nova Scotia Light A Power Co— 1st M s f 4s 1957 —JAD 98 18 100M 98% 104 M 104 % - - 95 100 101M 101% 1st mtge 4s 1967 MAS 1st mtge 3%b 1972 JAJ Ohio Elec Pow 1st M 5s *57-JAD 99 103 93 106 98 91 96 3M-3 Ms 1941-42 105 105% 105 107 122 115 115% 136M 137 115M 117 115 113% 1st mtge 3 Ms 1966 Debentures 4s 1946 Oklahoma Natural Gas— 107 M 110% 105 % 108 M 107 112 6% 6% 1st M 5s 1957 ser A JAD Ottawa El Ry 4Mb *48-'55.JAJ Ottawa Light Heat A Power— 6 101 % 102 Ref A coll tr 4s 1957—.AAO Serial notes— 3-3MS 100M 105 M 91 . 61 105 % 100 102 % 104 103 M 103 % 93 83 JAD Ref mtg A coll tr 3 Ms '70.-JAJ Penn Wat Serv 5s ser A '67-FAA 85 21 People's G L A Coke, Chicago— 1st cons g 6s 1943 AAO Refunding gold 5s 1947..MAS 1st A ref 4s 1981 ser B JAJ 1st A ref mtge 4s ser D *61 JAD Mutual Fuel Gas g 5s' 47 MAN Peoples Light A Power Corp— 110M 111 91M 93 M - 113 114 JAJ / 5Ms 1941 1st lien coll 3-6s 1961 14 JAJ / JAJ 1st lien 6s A 1949 100M 93 92 102 M s f 5s w w 104M 25 JAD 100 101 98 99 110 Duquesne Lt 1st 3 Ms '65. JAD Duquesne Trac 1st 5s '30-JAJ Plttsb Rys 5s 1953 AAO 101 % 6 Secured gold 5s 1967 JAD Ardmore Street 5s 1958.. A AO 4 58 62 96 97 M 99 % 89 94 98 100 103 M 98 12 82 8 lH _ 73 M 49" 106M • 2d Ave Tr 1st 5s 1934 JAD, So Trac 1st A coll tr g 5s'50AAO / United Trac 5s 1997 ctfs. JAJ West End Trac con 5s *38. JAJ Philadelphia Electric— 1st A ref mtge 3 r w—FAA 103" Philadelphia Company— 102 25 71M 1940-1948...-—AAO w 1954 105 % 105 r 96 _ 108 Oregon Elec Ry 3s 1958 ....MAS Oregon-Washington Water Serv— 106 1st A ref 4s 1971 ser F MAN 1st A ref 5s ser H 1962...AAO Pennsylvania Gas A Elec Co— 1st 1 A ref 5 Ms '55 ser A—MAS 1st L ARy 5s 1958 MAS Pennsylvania Gas A Elec Corp— Deb gold 6s 1976 ser A BIAS Pennsylvania Pow A Light Co— 1st mtge 3 Ms 1969 FAA 4 Ms debentures 1974 FAA Pennsylvania State Water Corp— 1st coll trust 4Mb 1966..MAN Penn Water 1st 3 Ms A '67—FAA Penn Water A Power Co— Peoria Water Works Co— 1st consol 4s 1948.. MAN Prior lien 5s 1948 ....MAN 1st con 5s 1948 —MAN 1st A ref 5s 1950 FAA 100 1st M 5s 1948 ser A—...FAA Oklahoma Ry 1st A ref 5s *41 - JAJ / 20 Income 5s 1990 Apr 1 / 2 6 Co— Peoria Service Co— 103 % 103 M 105 106 % 103 M Electric . 38 107-M 105 105 % 1st A ref 6s ser O 1947 MAN 1st A ref 5s series D 1954 .JAD 1st JAD 104 100 M 104M 102 % — 100M .JAD 103 103 104 9 97 FAA ^ Old Dominion Pow 5s May lo '51 Omaha A Council Bluffs St Ry— 1st extd 4s 1947 -JAJ Ontario Pow 5s *43 op to '13-FAA Ontario Transmission Co Ltd— 1st gu x 5s '45 opt. bef '16-MAN 38 97 M Peoples Telep (Butler, Pa)— 4s I960. ...JAD Peoples Tract—See Phlla R T Peoples Water Service (Md)— 103 102 M 1st mtge 3 Ms ser B 1955.-FAA Oklahoma Power A Water— 105 80 104M Ohio 102 M 111H 101 1st lien Oklahoma Gas A Electric— 104" 103 104M 104 1947--JAD Valley Gas Corp— 1st 6Ms 1943 (with warr)..— 7 Ms 1943— JAJ Ohio Valley Water 5a 1954—JAJ Ohio Water Serv 1st 4s 1964. J AD 114 58 12 Penn Centra) Light A Power Co— 1st A ref 4 Ms 1977—-MAN 1st 5s 1979 MAN Conv deb 5s 1979 FAA FAA 121 % 62 M 120 FAA 3 Ms 1943-1944 4s 1945-1947 Ohio Term (Oleve) 6s 105M 101 % e 105 M 104 % Ohio Power CoDeb g 6s 2024 JAD 1st mtge 3 Ms 1968 AAO Ohio Public Service Co— 1st. mtge 48, 1962 FAA Notes— 3s 1940 —FAA 102 73 Peoples Gas fN J) 1st 5s *68-JAD 1st sf5M« I960— JAD lli" Peoples G A Fuel 0 Ms ww'37 AAO 105 MAN 1st A cons 4s 1965 112M ..MAS Refmtg A coll tr 3j< si964 r Ohio Edison Co— 112 104 - 102 70 FAA 8 Oberpfalz Elec 7s 1946 JAD / 107 % Ogden Gas 5s 1945 MAN 106 Ohio Assoc Telep 4Mb 1966.JAD Ohio Cities Water Corp— 95 1st M coll tr 5Ms '53 ser A. JAJ 105 103 • 99 NY PA NJ UtilitiesDeb 5s 1956 105 1949 104 20 Deb g 681950 ser A— MAN Deb 5 Ms 1959 ser B FAA Penn Public Service Corp— 16 1st cum income 5s 1953—AAO / 11 Northwestern Power Co Ltd— 1st M s f conv 6s '60 ser A.JAJ f 45 Certificates of deposit... Northwestern Pub Serv Co— 101 1st M 5s ser A 1957—JAJ 114 consol gold 5s Penn-Jersey Water— 1st coll 5Ms 1960 Penn-Ohio Edison Co— Northwestern Penna Gas— 112 109 M 103 % 107 8% 8M 105 M Paterson A State Line Traction— 5s 1964 —JAJ Paterson Ry—See Pub Serv Corp Pecos Valley Gasext6M8 '44MAN Pecos Valley Power A Light Co Pennsylvania 106M 106 % 102 M 106" UM 96 10 1st extended 6Ms 1950..MAN Non-cum inc deb 6s 1950-MAN 80 55 12 104M Ref mtge 3 Ms ser O 1966.JAD Parr Shoals Pow 5s 1952...AAO Paterson Ext extd 5s 1950..-JAD Paterson A Passaic Gas A Elec 108 107 1st mtge 3 Ms 1964MAS Northern Texas Electric Co— Coll tr s f g 5s 1940 opt 18 JAJ / Northern Utilities Co— 77 1st lien 4-6s 1968 —MAN 8 freg income 3-6 Ms May I *69 / 53 N'west Cities Gas 6s 1949..-JA• / 10 Union El (Loop) 5sg'45__AAO f Northwestern Light A Power— 6s series B 1950 FAA 100 67 106M 1st A ref M 3 Ms 1967 FAA Northern States Power (Wis)— 91M 105 110 112 106 Pacific Power A Light Co— 1st M 5s 1955.! FAA 51 r 107 M 109 % 108M 40 99 105% Pacific Gas A Electric Co— 1st A ref M 6s 1941 ser B.JAD 1st A ref M 4s ser G 1964. .JAD 1st A ref M 3 Ms ser H '61 JAD 33 100^ 114 52 M 90 78 - . W4 38 M 3 127 118M 45 47 102 iii'% 95 44 1 N Y State El A Gas Corp— 1st 1st 1st 1st 103 M 102 FAA FAA 23 104 99 N Y A Richmond Gas Co— 1st ref M 6s 1951 45 Refunding 5s 1961. MAS Calif Pac Ry 1st 5s 1941..JAJ Los Angeles Hermosa Beach A Redona Ry 1st 5s '42.MAN Los Angeles Pacific Co— 1st ref g 4s 1950 opt'15.-JAJ Gen cons 1st 5s 1946..J2AJ Los Angeles Pacific RR— 1st A ref mtge 5s 1943.MAS North Carolina Gas 6s 48—M AN / North Central Gas 5M« 1955 AAO North Continent Utilities Corp— 1st coll A ref 5Ms '48 ser A.jAJ 112M Conv deb 5s 1948 JAD Oonv deb 5s 1950 MAN Convertible deb 5s 1962—.JAJ New Engl Pow Assn 5s 1948. AAO Deb 5 Ms 1954 JAD New England Power— stpd 1958 .... 62 M 52 * 109 103 101 1st A ref M 3 Ms ser 11966. JAD Pacific Light A Power Co— 1st 5s, 1942 -JAJ Pacific Northwest Pub Serv— Conv deb 6s 1950—MAS 17 M % 110% New England G A E Assoc— Deb g 5s 1947 MAS Prior lien 6s Nippon Elec Pow Ltd (Japan)— 1st mtge 6 Ms 1953.. JAJ Norf A Ports Bdge 6 Ms '47—FAA North 5s series B 1947 ...JAD Nat Lt A Pow 6s 1949....MAN NYAWestch Ltg 4s 2004—JA J Deb g 5s 1954 op guar—JAJ N Y A Queens Elec Lt A Pow— 1st A cons M 3 Ms 1965.-MAN New York Rys Corp— 107 % 93 M Nebraska Pow 1st 4Ms 1981.JAD Deb 6s 2022 MAS Nev Calif Elec 1st 5s 1956—AAO Deb 6s July 1941 .JAJ New Amsterdam Gas—8fee N Y GELHAP Newark Cons Gas con 5s '48. JAD Newark Gas 6s Apr 1 1944—Q-J Newcastle (City or) W 5s *41 JAD 107M .AAO 3 Ms debentures 1949 106 % National Public Service Corp— Debenture gold 5s 1978..FA A Certificates of deposit.. Nat Toll Bridge 6s stmp *39-JAJ 107 % 92 JAJ 1st mtge 3 Ms 1969 MAS Ozark Power A Water Co— 1st sf 5s 1952... MAS Pacific Elec Ry g 5s 1942 JAJ 106M ,91M Bid Bonds Otter Tail Power Co (Minn) 1st mtge 4s 1961 North American Go— 9 National Electric Power Co—_ 5s stamped 1978 JAJ Nat Gas A El Corp 5s 1953.FAA NYGELHAP New York Edison Co— 1st 1A refSMs ser D 1965.AAO 1st lien A ref 3 Ms ser E'66 AAO N Y Gas Elec L H A P Co— 1st g 5s Dec. 1 1948. .JAD Pur mon coll tr 4s 1949 F&A Ed El 111 N Y con g 5s '95 JAJ New Amster Gas 5s 1948.. JA J NY A ER Gas 1st g 5s '44—JAJ Con 5s 1945.... ....JAJ 106 104 Municipal Gas A El Corp of Recklinghausen 7sl947 —JAD / Mut Fuel Gas-See Peoples GLAO 1st A ref 5s 1944 JAJ New Rochelle Wat 5Ms '51.MAN 1st 5s series B 1951. MAN New York A East River Gas—See See N Y Gas Elec Lt A Power Niagara Falls Power— 1st A ref 3 Ms 1966 MAS Niagara Lockport A Ont Power— 1st.A ref 5s 1955 ser A Muncie Wat Works 5s 1965.MAN Newport A Fall River 8t Ry— Consolidated 4 Ms 1954 JAJ Newport Gas Lt 5s A 1961—JAD Newp News A Hamp Ry G A E— 1st M 5s 1951 ser A MAN N Y A Westchester Lighting— 104 83 22 -. 3 lis series A 1961......MAN New England Tel A Tel— 1st 5s 1952 series A......JAD 1st 4Mb 1961 ser B MAN Newfoundland Light A Power— lsts f 4 Mis 1956 JAJ New Haven Water— 1st A ref 4 Ms B 1970 AAO 1st A ref 4 Ms O 1981—MAS 4Mb 1983 MAN N J A Hud Riv Ry A Ferry— 1st gold 4s 1950 ...MAS N J Pow A Lt 1st 4Mb '60—AAO New Jersey Water Co— 1st mtge 5s 1950 FAA New Mex Gas conv 5s 1951 MAN New Mexico Power— 1st mtge 5s 1958 .....JAJ New Orleans City A Lake— lsts f 5s 1943 JA.) New Orleans City RR 5s'43 JAJ New Orleans Pontchartrain Bdge 1st if 7s 1946 MAS New Orleans Pub Service Co— 1st A ref 5sl952 series A..AAO 1st A ref 5s 1955series B..JAD 5s stamped 1942... ...JAJ Inc 6s Nov 1949 ser A...JAD Telephone Co— Ref mtge 3%b ser B 1967—JAJ N Y Water Service Corp— 70 Morgantown Water 5s 1965.. JA J Mount Hope Bridge 5s 1969. JAD 2d income 8s Dec 15 1969. 30-yr 3 Ms debs 1968 Ask Bid Bonds Ask New York Montreal Tramways— 1st A ref g 6s 1941 opt JAJ Gen A ref 5s 1955 series A. AAO Gen A ref 5s 1955 ser B A&O Gen A ref s f 4 He '55 ser O A&O Gen A ref 5s 1955 ser D.AAO Mountain States Tel A art 10 „ Msl967—MAS 108 hiladelphia Electric Power Go— 112M 1st mtge 5 Ms 1972 FAA hila A Garretsford St Ry— 48 1st 5s 1955 FAA hiladelphia Rapid Transit— 98 Coll tr g 5s 1957 opt s f—FAA 85 8 f guar 5s 1962 -MAS 93 6s gold 1962 BIAS 100 1st m r e 6s 1944 ...JAJ Darby Media A Ches St Ry—_ 1st 4Ms 1936 —JAJ / 20 Hest Mantua A Fairm— MAN 75 Market Street Elev Pass Ry 1st g gu 4s 1955 MAN 94 1st extd Union 5Msl939 Traction— . '45-AAO People's Traction Co— P P Ry tr ctfs 4s '43.FAA 11 1952.JAJ 97 Elec A Peo 4s tr ctfs Union Traction 4s 18 at 101. t Called June 15 at 103. Payable in Canadian funds. ♦Called June n Nominal, r & Basis, e Called June 1 at 104 M- /This price includes accrued interest, 15 fc Last sale, PUBLIC June, 1940] Bid Bonds Bonds Ask Phila Transportation Co— Cons 3-6s 2039 _ 38% Roanoke 52% 53 57 77 1st & ref 4s 1960 J&J Phlla & West Chester Traction— 107 M 52 f 80 39 J&J 49 J&J 4 1960-J&J f Philippine Long Distance Tel—• 1st s f 6s series A 1953 J&J Piedmont Hydro-El Co (Italy)— 27 1st &ref s r 6 Ms 1960 ser A A&O 98 Pinellas Wat Co 5 Ms 1959.M&S 6 Pitts Canons burg & Wash 5s 1937 f Pittsburgh Rys—See Phila Co Pittsburgh Suburban Water Serv 100 1st 1 & ref 5s 1958 _M&S 14 Pittsburgh Trac 1st 5s 1927-A&O 105 Plainfield-Un Wat 5s A '61.M&M .101 Platte Val Tel 1st 4Ms '58--M&N 1st 4s 1954 1st 6s 1954 Phila & Western Ry 5s 1st & ref k '20.-J&J 5s '40 opt Stamped -- 13 Central Power Corp— Deb g 5s 1953 M&S Rochester Gas & Elec Corp— Gen mtge 4 Ms 1977ser D.M&S Gen 3M» series H 1967—M&S Gen mtge 3M" ser 1 1967.M&s Gen mtge 3 Ms ser J 1969-M&S Rochester & Lake Ontario Water Extend 5s 1951 M&S 14 M 15M Rochester 84 78 7 9 17 86 103 101M A&O Portland General Eletric Co— 67 M&S 1st & ref 4Mb 196u IstfM 5s exten to 1950 J&J 98" 67 M 106 M Portland (Me) RR 3 Ms 1951-J&J 1st 1 & con m 5s 1945—M&N 88" 80 1950-M&N 98 M Porto Rican Rys Ltd 5s 1962M&N r * 105 Porto Rico Telep 6s 1944—J&D Postal Teleg & Cable 5s '53-J&J f 16M 100 Porto Rican Power 6s 17 1st 3 Ms 1966 J&J Corp of Canada Ltd—_ F&A Provincial Light Heat & Power— 6s 1946 M&S Prussian Elec 6s 1954 F&A Public Gas &Coke 5s 1952—J&D Public Service Co of Colorado— 1st mtge 3Ms 1964 J&D 4s s f debs 1949 J&D 61 r 106% 100 100M 101M r 1948. 7 45 102 M 101 100 103 M 103 100% 1st mtge 5s 1959..' Conv n-c inc 4s May M&S 15 1964.. f 108 109 100 53 48 38 42 104 100 102 104 106 109 109M 69 102 101M 101M M&S l 103 101 102 100 M 99 102 99 M 100M 100M 98 100 98 106 99 M 99 97 3 Ms ser O 1960—F&A 105 D '60--M&N 105 106 M 106 M 10 104 106 105 M 103% 104 102 101 100 M 100M 100 M 111% 109 _ 108 140 143 M 208 M&S 77 79M 1st coll 4-5Ms 1948 A&O Puerto Rico El Pow 4s to '56_J&J 62 66 1st M 5Ms 1948 Puget Sound Power & Light—_ 1st & ref 5Ms 1949 -J&D 1st & ref 5s 1950 ser O M&N 1st & ref 4 Ms 1950 ser D.J&D Quebec 100 91M 93 M 87 M 85M 89M 86 M 57 59 Power— M&S Queensboro Gas & El 5s '52_J&J Conv g deb 5Ms '52 ser A.A&O Republic Service Corp— 1st coll trust 5s 1951 J&D Rhine-Ruhr Wat Serv Union— Extl deb 6s 1953 J&J / 1st & coll 4s1962 _ 118 80 M' 119M 84 M _ 62 65 19 M San Jose Water Works— 1st mtge 3 Ms ser A 1961.-J&D 68 Scioto Val Ry & Pr 1st 6s '43. J&D Scranton Gas & Water Co— 1st 4Ms 1958 M&S 1st & ref 5g 1967 ser A F&A 1st & ref 5s series B1961.F&A Scranton Trans ser A 5s'59.A&0 4s series B1959 A&O Income 3sApr 1 1959 M&N Seattle Gas 1st 5s 1954.. A&O June 1 at funds. 105. Shawinigan Water & Power Co— 1st M&col s f 4Ms'67 serA A&O 1st coll tr 4 Ms ser D '70-A&O 1st coll tr 4s ser F 1961 A&O 1st coll tr 4s ser G 1969..J&D Conv coll sec 3 Ms 1946—M&N Shenango Valley water 4s series B 1961 A&O Shinyetsu Elec Pow (Japan) 1st sink fund 6 Ms 1952 J&D Shrevp't Bdge & Term 5s'55-F&A Shreveport Rys— Gen Income 4s (w-s) 1957. A&O 1st mtge 4s 1966 Serial debentures— 3s 1940-41 b Basis. M&S 102 M 103 M 92 M 106 M 62 66 61 64 70 73 108 111 104 102 M 103 M 102% 105% 37 40 125 62 M 61M 62 M 68 71 J&D 68 71 85 87 M 87 *48--A&O '48..A&0 May 1 1951 Debenture 6s 1966 F&A J&D 1st lien 6s 1948 ser B Certificates of deposit 62 M 61M 85 ...M&N f 13 Stettin Pub Utll 7s 1946 A&O / 8 Steuben ville Wells burg & Welrton Ry 1st 5s 1951 A&O f 20 113 Syracuse Gas g 5s 1946 J&J 125 Syracuse Lighting 5s g 1951-J&D Syrac Rap Tr 1st g 5s 1946-M&S / 15M 2nd mortgage 5s 1930 J&J Syracuse Transit 4s 1969 f 25 Taiwan El Pow s f 5Ms 1971.J&J 51M 92 M Tampa (Fla) Gas 5Ms '56..A&O Conv deb 6s 1938 86 101M 62 M 62 M 61% 61% 61M 61M 61M 6s stmp ext 6s Debenture 105 103 88 M 88 M 70 68 7 10 68 81 1st 5s ..J&J ..J&J J&J 6sl951.J&J Deb 5s 105 A&O 1961 90 II"" 17"" 5 28 56% 93 M 92 J&J J&D 1958 63 65 88 90 Telephone Service (Ohio)— 65 67 64 M 66 66 68 100 101 1953.... _.M&N Temescal Water 1st 5s A '60 M&N Tennessee Eastern Elec Co— 1st M 5s 1943 F&A Ref s f 6s series A 1955 M&N 102 M 103 Tern! 100 103 58 60 5s Terre 70 85 Sierra Pacific Power Co— 1st & ref 5s 1960 ser A 104 M&S 1st 5 Ms ser B 1957 102 M&S Silesia Elec Corp s f 6Ms'46 .F&A / .... Sioux City Gas & Electric Co— t Called for redemption, 109M 103 H Telephone Bond & Share Co— 1st lien & ref 5s 1957 Called 105 65 106 Standard Telephone Co— 1st 1 coll tr 5Ms '43 ser A.M&N 70 Lighting Co— Mtge g 4s Dec 1, 1943...J&D South Bay Consolidated Water— 1st ref 5s 1950 M&N South Carolina Power Co— * 10 65 Standard Public Service Corp— 1st lien 6s series A 1948 F&A 105 103 90 1st Hydro Elec 6Ms 1953.F&A Haute Traction con M g & M&N M&S / Texas Pow Corp 6s 1956 General 6 Ms 1956 Texas Power & Light— Deb g 6s 2022 ser A 101 28"" 110 6~~ 6 103 16 18 78 82 M&S 94 97 M&S 90 111 J&J 1st & ref 5s 1956 M&N 105M Texas Pub Serv 1st 5» (w-e) 1961. 93 M Texas Traction Co 5s 1937..J&J / 1 103 M 100 104 95 ^2M Texarkana Wat 1st 5s '58..F&A 104 Texas Elec Ry 5s 1947 J&J / 5 Tex Trac 1st 5s 1937 opt—J&J / 5 Texas Electric Service Co—' 1st mtge 58 1960 102 M J&J Texas Gas Utilities Co— Texas Hydro Electric Corp— 1st mtge 6s ser A 1956 A&O 104 98 100 Light— 5s 1944 1st 2-6s 1951.. Somerset Un & Middlessex Ltg— Canadian 101 6s gold debs 1957. F&A Standard Power & Light Corp— Deb g 6s 1957 F&A 1M 105 Santa Barb Tel 3 Ms Ber 0*66 J&J Sandwich Windsor & Amherstb'g 5s 1942-1946 Sioux City (la) Serv 48 97 Telep Co— Convertible notes— 6s stmp ext May 1 18 15 128 ser 1st 5s 1944 M&S Second Ave Trac—See Phlla Go— 80 45 Standard Gas & Elec of Del.— B—M&S Seattle States 1948 Spokane Gas & Fuel 5s 1944-F&A Spring Brook Water Supply— 1st ref 5s 1965 A&O Spring Val Utll ref 6s 1943—J&D Springfield City Water— 1st mtge 4s ser A 1956.-.-A&O Springfield (Mo) Gas & Elec Co— 1st mtge 5s 1957 ser A J&D Springfield (Mass) St Ry— Rer & gen 6s 1940 M&S Stamford Water 1st 5s 1952_-J&J Scranton-Spg Brook Water Serv— 107 M J&J f 6s 1945 ser A 1st 6s 1949 68 104 M s 1st M 6s 105 100 106 M 1st M Southwestern 100 95 _ / Southwestern Public Service Co— 60 99 65 124 Non-cum 6s (ws) 1951—Southern 101 1949—M&N Jersey Gas El & Trac—■ 5s Marchl,1953.M&S Public Service Co of Nor 111— 1st mtge 3 Mb 1968 A&O Public Service Co of Oklahoma— 1st mtge 4s ser A 1966 F&A Serial debentures bonds Public Service Co of Pa— 1st lien & coll 5 Ms *53—J&D Public Service Elec & Gas Co— 1st & ref M 3 Ms 1968 J&J 1st & ref 5s 2037 J&J 1st & ref 8s 2037 J&D Public Utilities Consol Corp— 99 103 Paterson Ry— 2d 6s *14 ext 5% to *44. A&O Guar g 92"" 96 Soutbern United Gas Co— 102 58 M 9 103 So 99 M 89 A&O A&O f 6s 1942—A&O 99 105 Elisabeth & Trent 5s '62-A&0 _ s 99 104% 84 J O Hob & Pat 4s 1st & ref 5 Ms series 11945 1 st & ref inc 5 Ms ser Il'45 99 102 1st g 5s Dec 1, 1950—J&J Elis & Raritan Riv 5s *54-M&N 84 124 54 105 M 4 135 Ry— 122 Gas— Union 82 104 os 105 M 90 50 Sayre (Pa) Elec 5s 1947. A&O Schenectady Ry 1st 5s Mar 1, '46 1st 98 104 M 85 78 104 132 1946-J&J Sub Ellz Plainf & Cent Jersey 104 94 1937—M&S / 8 Southwest Telephone Col¬ 62 let 6s series B 1947 M&S 62 1st 6s series C 1947 J&D Southwestern Assoc Telep Co— 105 M 1st M 5s 1961.. A&O Southwestern Bell Telephone— 109 1st & ref M 3 Ms ser B '64. J&D 102 ys 1st & ref M 3s ser O 1968—J&J Southwestern Gas & Elec Co— 1st mtge 3Ms ser A 1970..F&A 101M Southwestern Light & Pow Co— 102 1st mtge 3 Ms ser A 1969.-J&D Southwestern Power & Light— Deb g 6s 2022 series A 90 M M&S Savannah Electric & Power Go— 1st & ref M 5s ser F 1955.M&S Savannah Elec Co 5s g '52. J&J Camden 103 M Adj mtge inc Jan 1 6s '60. A&O 1st M pipe line s f 4 Ms '51 A&O Southern Neb Pow 5 Ms B'47 J&J South N E Telep 1st 5s 1948. J&D S'west Pub Serv 6 Ms Ry debenture 4Mb 1943..J&D 101M Public Service Corp of N J— Trust certs 6% perpet—M&N 41 102 100 121 103 151941 15 1942 Apr 151943 4s Apr 15 1944 48 Apr 15 1945 4s Apr 15 1946 4s Apr 15 1947 4s Apr 15 1948 San Diego Consol Gas & Elec— 1st mtge 4sMay 1 1965..M&N San Franci8co Bay Toll Bridge 1st M sink fund 6Ms '57.M&N Deb s f 7s 1942. M&N San Joaquin Lt & Power Corp— Unif & ref 6s 1952 104 39 — 4s 103 M 103 104 101 63 111 4s Apr 4s Apr 107 Utah Power Co— 1st M 5Ms May 1. 1960..M&S Southside Va Pow 5s 1956..F&A Southwest Gas Co (Okla)— 1st s f 6s 1954 M&N 61 Serial notes— 103 107 M 107% 100% Southern Counties Gas (Calif) 1st M 4Mb 1968 M&N Southern Natural Gas Corp— 10-year coll F&A Users F&A 6s 1941.. —.F&A 6s 1942 ....F&A 6s 1943 F&A San Angelo Telep 1st 5s 1958 F&A 103 102 M 102 M Southern Cities Utilities Co— 1st lien & coll 5s 1958 A&O Southern Colorado Power Co— 1st g 68 1947 series A J&J Southern 109 5s 1949 San Antonio 103 Southern Trac—See Phila Co 7 —M&S 102 1949. F&A J&D 4Ms Jan 1 1943 St Joseph Water 4s A 1966 A&O St Louis Co Gas 1st 5s 1951.A&O Public Service— 1st mtge 4s 1963 A&O 1949. st 3 ha series Jit 3 Ms series EF1961 1966 107% 105% 105 M San Antonio Gas & Electric— 100 M 101 97 M 97 1st mtge 3 Ms ser r 65 102 Salt River Valley Water Assn 6s 1940 Public Service Co of N H— 1st mtge Jan 1 1942. Guar 5s 1952 15 40 109% S'west Nat Gas inc 6s 1966--A&O St Paul Gas Light— Gen gold 5s 1944 Salmon River Power— 115 15 57 107M 108 M St Louis Public Service— 66 104 Public Service Co of Indiana— 1st mtge 4s ser A1969 M&S Serial debentures— 1940. 3 Ms Sept 1941. 3 Ms Mar : u 1941. 1942. 1942. 3 Ms Sept 1943. 3 Ms Mar 1943. 3 Ms Sept 1944. 3 Ms Mar 1944. 3 Ms Sept 1945. 3%b Mar 3 Ms Sept 1945. 3 ha Mar 1946. 1946. 3 Ms Sept 1947. 3 Ms Mar 1947. 3 Jia Sept 1948. 3 ha Mar 3 Ha Sept 3 Ha Mar 3 Ms Sept 4s 105% Providence Gas 4s ser B 1963 - 110M Ask P 102 3Ms Jan 1 1941 107 M mtge Conv deb 4Ms 1959 Ser B-M&S Conv deb 5s ser A 1957 ...J&D Power Secur coll tr 6s *49. _J&D 110 { Southern Canada Power- debentures— 108" ' 1st mtge 5s 1956 ser E—M&N 1st M 4Mb 1961 series F—a&O Potomac Electric Power— 106 85 82 104 Transit Corp— S f 4Msinc A notes 1958.M&S S f 4Ms inc B notes 1958_M&fc> Rome (Ga) Ry & L 5s '46 A&O Ruhr Gas Corp 6Ms '53 A..A&0 Rumford Falls Power— Gen M 4Ms May 1948— .M&N 1st s f 4s Oct 1945 A&O Safe Harbor Water Pow Corp— 1st mtge a f 4Ms 1979 J&D Saguenay Power 4 Ms A 1966 A&O 1st 4Mb series b 1966 a&o St Clair County (111) Gas & El— 1st cons guar 5s 1959 M&S St Joseph Ry, Lt Heat & Power— 1st mtge 4Ms 1947 J&D Serial Potomac Edison Co— power 1951 F&A Ry & El 5s 1953..F&A 1st 5 Ms Rochester 102 _ 1st l'n & gen 4Ms 1940—J&J Portland Gas Co 1st 5s 1951 -F&A Portland(Me) Gas L 5s A'50 5 79 6s Elec -- . .75 1953.-M&N Portland Elec Pow 6s 1950-M&S / Portland (Ore) Gas & Coke— Pomerania Bid Bonds Ask Bid 93 M 106 J&J Scrip , "f" and income and defaulted bonds the month preceding the date of issue ice Cor Rhine-Westphalia El Pr (Germ'yV Southeastern Gas & Water Co— 17 Mtge g 7s 1950 M&N / 1 st lien 6s 1944 J&D / 10 Direct mtge 6s 1952—.M&N fk 12M May 10 1st lien 6s x-w 1941 52 J&D Con mtge 6s 1953.......F&A fk 14M May 28 S'eastern P & L deb 6s 2025.M&S 106M Cons 6s 1955-. .a&O / Southern Bell Telep & Teleg— Richmond (Ind) W W Corp— 104% 104 1st M 5s 1957 -M&N 3M« debentures 1962 A&O 102 M Richmond (S I) Lt & RR— 105 106 M Southern California Edison— 1st coll tr k 4s 1952.......J&J Ref mtge 3%» May 1 I960.J 106% Rio Grande Valley Gas Co— Ref mtge 3 Ms ser B I960—J 106% 1st mtge 5s 1950— 86 88 a&O Southern California Gas Co— Roanoke (Va) Gas L'ght— Phlla Suburban Water Co— 1st s f 4s 1965 M&S 77 UTILITY BONDS bond price® are "and Interest" except where marked Quotations for all securities are as near as possible for the closing day of NOTICE—All 105% 95 M 104 67 72 96 M 97 M / This price includes accrued interest, k Last sale, n Nominal, r Payable in PUBLIC 78 BONDS UTILITY NOTICE—All bond prices are "and interact" except where marked "f" and incom- 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 York)-— 1st ref g 4s 1960 opt aft 14 J&J Adj inc g 68 Jan i960 opt- -A&O Third Ave RB 1st 5s g 37- -J&J Ask Third Avenue Ry (New 46 Union Ry 1st 6s g 1»42—F&A Westchester El 1st 5s g 43-J&J Yonkers Ry 1st 5s 14 % 100M 60 50 1946--A&O Tide Water Power 1st 5s 48 14M 99 % 80 M 93"" 74 77 Toho Electric Power (Japan)-— 1st s f 7s 1955 ser A—M&S15 Tokyo Elec Light Co (Japan)-— 1st g 6s 1953 series—J&D15 Bonds 57 58 1st M 5s 1963 series E 1st M 3 Ms ser 11966 1st M 3s ser K 1970 104 M 103 M Twin 5Ms West 79 West 112M 1st 2d 103 / '42 A& City Rapid Transit Co-— 1st lien & ref 96% 76 56 A&O Trl-County Telep 4Mb B Troy City Kv 1st cons 6s 104 M 95% Traction Term'l Corp 6s 57— Trenton G & El g 5s 1949. -L-_~ 105M 1st mtge 3 Ms ser A 1969-M&N 57 M 58 Bridge 3 M-6 Ms, 1960 West 103 % 1945 Ser A_« Tyrol Hydro-Electric Pow Co 1st Ms ( 7Ms 1955 M&N 1st 1 & ref 5148 :::: Guar s f 7s 1952 -F&A Ujigawa Elec Power (Japan)-1st M s f 7s 1945M&S15 Union Electric Co of Missouri-— 1st mtge & coll tr 3 H* 1962 J& 3% notes, 1942-------—J& 15% 80 83 105M 100 M 106% 101M kR—See NWElev ____ 85 J&D r Union Gas System— 1st M & coll s f 5s 1948-— J&D 104"" 103 63 Union Passenger Railway— 82 1961 A&O 2d ext 4s Mar 31 1960 A&O Union Ry—See Third Ave Ry Union Traction—See Phlla R T Union Water Service Co— First lien 5Ms '51 ser A_M&N Unit Elec Co of N J 4s *49—J&D United Elec Rys (Providence)— Gen ref M os Jan 1951 bgt A— Gen ref M 4s Jan 1951 ser B— United Electric Service (Italy)— Extl 1st s f 7s 1956 ser A--J&D United Gas & Fuel (Hamilton)— ist 4s Miu- 31 • 79 m 101 105 114M 115M Arkansas Pow & Lt $7 100 J&D Western N Y Utilities 5s '46. J&D Western N Y Water Co— 88 27 105 77 108 75% Deb g 6s 1975 —M&N 110 United lit&Rys (Me)6s A'52 A&O 73 M Deb 6s 1973 J&J 81 Un Lt Rys (Del) deb 5M®.«2 F&A United Public Utilities Corp— 92 Conv coll tr 6s A 1960 J& J 90 Oonvcolltr 5 Ms B 1960—J&J United Rys Cos 4% ctfs '49-J&J / 40 United Railways of Havana— 8 Eq 7 Ms Feb 15 1936 F&A / J&j 103 M 107 % 104M 108 M 106 108M 110 106 ff 8 102 99 100 96 101 94 52 64 55 Mut Un 6s ext at 5%to'4lH&N Western Utilities Corp— 73 M&N 76 103 105M 62 63 M 41 43 107M 59 100 .J&J 105 107 J&D 102 Vs 103 . 107 46 United Telep Del 6s A 1948 A&O United Tel & Tel 5Ms A '53.M&N 1st lien 6s ser B 1953....M&N United Traction (Albany)— 4s June 1 1942 104 101 4s June Y1943 101 102 4s June 1 1944 103 4s June 1 1945 102 4s June 1 1946 100M 9 100 Utah Lt & Tr 1st 5s 1944 A—A&O 96 Utah Power & Light Co— 84 % Deb 6s May 1 2022 M&N 95M 1st lien gen M 5s 1944—F&A 95 M 1st lien & gen M 4Mb 1944.F&A Utlca Belt Line Street Ry— 1st 5s 1939 M&N / 3 124 M Utica El L & P 1st 5s 1950...J&J 96% 87 96 96 4 126 3 75 80 110 J&D Virginia Electric & Power— 1st & ref M 3 Ms B1968—bd Virginia Public Service Co— 75 107M PUBLIC UTILITY STKS. Alabama Power $7 pref- * 108 M 1st M&N 74 70 73 66 69 45 48 125 100 4%% cum preferred 22 Certificates of deposit—...* Bklyn & Queens Transit com...* $6 preferred .* Certificates of deposit * Bklyn Teleg & Mess'ger (gu).100 Brooklyn Union Gas * $1.60 prior preferred 25 $5 1st pref * Cable & wireless Ltd— Ordinary shares Amerdeprec 7M% A ord--£l Amer dep rec B ord £1 Amer dep rets 5M% pref£1 Calif-Oregon Power Co— 6% preferred series of 1927-100 6 % preferred —100 Calif Water Serv 6% pref 25 Calif Water & Telep 6 %pref 25 Camden & Rockland water..100 6% preferred— —.100 —* 1 95 96 130 5s 1949. 102 M Washington Water Power Co— 104 M 105 M 7 7 9 Waterloo Oea Falls & No Ry— r/ / 9 Preferred S6 series 100 6% preferred American quotation. & Basis /Flat price 21M 22 M 35 95 10% 12* 96 86 150 10 92 100 105 - 104 .80 • - • t „ .95 40 38 13 108 13M 105 lioM 76 70 72M 94 94 97 100 1M 14 3 12 2m 100 2% 1% 15M 3% 13M % 5% preferred 2% 6% preferred.... Cent & S W Util com 2% 38 80 85 M 14M 1% 16 13 14 % 49% m 148 % 10c % 2% 52*' 8 149 II * ...50c * preferred..... * Central States Edison * Central States Pow & L $7 pf--* Cent Vermont Pub Serv 6% Pf-* Central West Co. v t c__ -5 Ohlc City & Con com part ctfii—* Pref partic ctfs * Chicago Rys partic ctfii ser 1—100 Series 2100 Series 3— 100 Series 4 —100 Cincinnati Gas & Elec 5% pf 100 Jincinnati Street Ry 50 Cincin & Suburb Bell Telep—50 Cities Service com....... 10 Preferred 100 Preferred B * - Preferred BB 20c 4M 6M lien 100 100 ...—-100 Preferred. Prior 44 ......... Cent Ohio Lt & Pow 6% pf Central Pow & Light 7% pref 27 H 43 * $7 preferred Central N Y Power Corp— 102 37 .........25 fd 1st preferred * Appalachian El Pow 7% pref —* 6% preferred... * 2 70 70 91 2 1 Amer wat Wks & Elec com 5c .100 100 6% preferred......... 58 —25 * 1 15c 91 * — 16% 91 Central Maine Pow $6 pref... 100 ....... American Telep & Teleg—...100 Amer Utilities Service com * 15 95 28 com....* 60 90 25 Amer Superpower Corp First $6 preferred— 2% 18 M 83 M 93 Q% preferred. — Amer Power & Light com—...* 5M% preferred 59 M 110 76 M 92 2H % 12M Amer States Utility com 100 74M 2% M 103 19% 82 M 12 % 112 4M 140 Cent Illinois Light 4 M % pref. 100 Cent 111 Pub Serv $6 pref.——* Cent Indiana Gas 6M% pref. 100 Cent Indiana Power 7% pref 100 * $5 preferred- | 5 Central Arizona Lt & Power Co— ... 93 W n wanta |6 preferred. 3% * 100 * * $6 preferred.... * $7 preferred——... * Cent Arkan Pub Serv Corp pf 100 Central Elec and Tel com. 1 6% preferred 50 Cent Hud G & El com * —25 ....25 Amer Gas & Power com 98 34 .....100 Casco Bay Lt & Water....... 100 6% preferred 100 103 % 91 .* Amer Public Serv 7% pref...100 Amer Railways com 50c American Service $3 preferred..* 110 a 65 99 M 122 10 Amer Gas & Elec new com 106 Washington Ry & Elec GoConsolidated 4s 1951 J No par value, 32 —.20 * Capital Transit (Wash, D C) 100 Carolina Pow & Light $7 pref —* $6 preferred. .....-* Ameriran^LIght A Wactlon. 96 70 * 17 Varrants 97 M 100 M 94 Certificates of deposit. 40 70 103 % -* |6 preferred 113 40 Carolina Tel & Tel 7 preferred. —* 7 second 2nd pref series A...* 6 cum pref* 100 99 1st guar 65 J&D i2" 80" 99 1955 York Haven Wat&P 1st 5s'51J&D York Rys 1st M z 5s '37 opt. J&D $5 preferred * Alabama Water Service 6% pref.* Allegheny Traction—See Phila Co Allentown Beth Gas pref ...50 Amer Cable & Radio Corp 5 Amer & Foreign Pow com.. * 97 5s Wyoming Vail P 8 6s 1971—A&O Yadkin River Pow 1st 5s *41 A&O Yonkers Ry—See Third Ave Ry York (Pa) Gas 1st 5s 1941.M&N 102 M * Canada Nor Pow com Canadian Marconi ..._• 2 110 5s stamped 1959 -J Utilities Public Service Go— Conv 6s 1933 J&D / 22 Vermont LtgOorp 1st 5s'44 A&O / 8 Vesten Elec Ry 7s 1947 J&D / 9 M Corp— Cum income 6s (w s) 1952-J&D Wuerttemberg (Germany)—See Consol Hydro-Elec of 2% 45 * 4M% preferred / 1st .--7- 107 % mtge 4s 1961 J&D 36 Wolverine Pow adj 4 Ms Mar 1 '59 Worcester Transit Association— Cum income 6s 1952 J&D / 60 5s stamped 1947 100M 4Ms 1941 ——M&S f Utilities Power & Light Corp— Deb g 5Hs 1947J&D f 1947 101 127 1st 5Ms stamped 105 1st Upper Mich Pow & Light— 1st mtge 4s ser A 1959..-F&A Utica G & El ref & ext 5s '57 J&J Co Bids (Kanata Realty)5s 1956 F&A Utica & Mohawk Valley Ry— 100 Wisconsin Public Service 67 37 Buffalo Niagara & East Power— 46 - 74 100 Ry com ————.— 4s June 1 1940 78 130 101 98 l\tH 100 Class B 92 Unterelbe Power & Light Co— Sink fd M 6s 1953 A&O / Co Brooklyn Edison.... Bklyn Manhat Transit... $6 preferred series A 105 ____ 90 150 -100 Brockton Gas Light Co v c c—25 44 5M - 104 106 M 100 Bridgeport Gas Light Bridgeport Hydraulic Co Brit Col Pow Corp A 100 44 Con g 4Hs 2004———J&D / Unit Trac (PL (Pgh)—See Phila Co pref / 5 3M Brazilian Tr Lt & Pow ord 16 101 • 1.50 18¥ * 130 110 ;. - Boston Elevated 35c 100 25 100 Birmingham Elec 17 pref* $6 preferred* Birmingham Gas common....--2 $3.50 prior preferred 50 $6 preferred 10 Birmingham Wat Wks 6% pf.100 Blackstone Vat Gas & El pref. 100 Boston Edison Wat 5s 4s June 1 1941 pref-100 .. 57% 55% 101M 56 1st mtge 3 Ms 1966A&O Wisconsin Hydro-Electric Co— 1st M 5s 1947 A&O Wisconsin Michigan Power Co— Ltd—__ * - Beverly Gas & Elec 1952—M&N 1952—M&N Coll s f 5M* ser A Coll s f 5Ms ser B -25 Blddeford & Saco Water Wisconsin Gas & Electric— 40 * 92 M 92 36M 1 120 ...100 Bell Telep of Pa 8 M % 14 98 * Bangor Hydro Elec com 7% preferred 6% preferred 92 Telegraph— Fdg & R E M 4 Ms g '50--M&N 25-year g 5s 1951. J&D 30-year Sb Mar 1 1960--.. K&S *64 3 * Bell Telephone (Canada) Canadian Price Union ' - -■— 100 ....... Beauharnols Power com Beaver Valley Water 6% 103 95 % % •' 13 -100 —100 Bear Mt Hudson River Bdge—* 106 M % % 24 Bait Transit Co v t c— Preferred v t c 10 M&N 1st mtge 3 Ms 1961 Wisconsin Power & Light— 1st mtge 4s ser A 1966 Serial debentures— .... .* Telep Co Ltd SI .25 pf * Teleg $6 pref * $7 1st preferred 100 Class A 105"" 95 78 Atlanta Gas Light 6% pref Atlantic City Elec 16 pref 2 103 7 83 1% % % % Assoc Telep & 124 104 % 1% 2 % % % see Investing Companies Associated Public Utility.. 79 44 81 * ..* * * - Option warrants....... Assoc General Utilities— 104 .* 1 1 7 6M 42% 1% 1% 6% 86 * ..... 85 94 9 pref ....... Original preferred. $4 preferred $5 preferred $0 preferred $6M preferred $7 preferred 75 M&N Wheeling (W Va) Electric Co— 30% 1st M 5s 1941 opt M&N Wichita Water 6s 1949 M&S 1st M 5s 1956ser B ..F&A 1st M 5s 1960 ser O _M&N 81 Williamsport Water Co— 109 M 1st M 5s Aug 1952ser A. F&A 78 Winnipeg Electric Co— 111 Gen 4-5s series A 1965 J&J 75 Gen inc 4 -5s ser B 1965 J&J 82 M Wise Elec Power 3 Ms 1968-A&O Wise Fuel & Lt 1st 5s 1948..M&N . City & Sub Pub Serv 5s '34.J&J 117 110 102 10 * Associated Gas & Elec com Common class A 108 1st 5s series B 1950 .J&J Deb s f 6s extd 1950 M&N Western Public Service Co— 1st & ref 5M» I960 F&A 15-year s f 6s 1952 6% preferred.. 104 M 115M '52-.J&D 100M Westphalia United El Fr (Germ) 1st M s f 6s 1953 J&J f 10M 95 r United Securities Co 4s 1948-1953— A&O Western Oont Util 6s 1944.-M&S Western Lt & Telep 5s 1954-A&O Western Mass Cos— Western 55 Assoc 1st mtge 4s 1961 A&O Westchester Elec—See 3d Ave Ry Westchester Lt 1st g 5s '50--J&D Gen mtge 3 Ms gtd 1967 J&J Westmoreland United Light & Power Co—^ Debg 6Ms 1974—-----M&N 1st 1 & consol 5Hs 1959--A&O United Rys of St Louis— Gen g 4s July 1 1934 98 M 104 % Virginia Water Service— 1st M 5Ms 1950 1st M 5s 1951— 87 J&D J&D — - ..... 6% preferred J&J 3M% coup notes 1946 74% 1 50 Arkansas Nat Gas common.....* Class A... .._.....* 102 Westchester Service Corp— Union Gas & El 1st ext 5s '40M&S Union Gas Co. of Canada— lst4Ms 1950-- 75 West Virginia Ohio River 64 A1952—J&D 1st serial 4s 1940-42 1st serial 4 Ms 1943-45 Common............. 6% preferred 80 101 West Texas Utilities Co— 2 1st lien & ref 5Ms B 1952. -J&J Twin States Gas & Electric— Union Eiev M&S J&J -M&S Penn Tr 1st 5s I960--J&D Philadelphia Pass Ry— ext 3 Ms 1956 A&O extended 5 Ms 1958—M&N ■ Arkansas Missouri Power— Ry—See Boston El West End Trac—See Phila Co West Ohio Gas 1st s f 5s 1958J& J West Penn Elec deb 5s 2030.A&0 5% 4% preferred-—--* 114 Ask Bid Edison com Arizona Power $6 Arizona West Penn Power— 1968—-J&J Toledo Edison 3M« Stocks Ask Bid Waukesha Gas & Electric Colst 5s 1959 J&J West Canadian Hydro-Electric— 1st 6s ser A 1950 J&J Conv deb 6 Ms 1945 J&J West Coast Telep 1st 4s '64-M&S West End St 91H 79-F&A J cities Serv Pr & Lt $6 pref * -• $7 preferred 108 M 89 110 109 Citizens Traction—See Phila Co Citizens Utilities com...— 1 • 92% 83 75M A Last sale, n Nominal, r Canadian price. * - - - 94 86 98 M 91 103 93 % %> 38 42 M 93H 94% 1M 4% 4M 102 - 1 ---- - - - 1M % % 101M 2% 103 2M 90 86 4% 60M 5M 5 62 6 57 89 55 84 93 98 M Citizens Gas Fuel com.....——* Citizens' Pass Ry—See Phila R T 106 77 75 1 Ex dividend. 1% 1M possible for the closing day of the month preceding the date of lsaue Quotations for all securities are as near as Par Stocks Citizens Water Co of Wash $6 preferred 103 101 «. 35 * $4.50 preferred Cleveland Railway 108 -.100 100 100 .100 70 55 54 Columbus & Southern Ohio Elec— 6% preferred A 100 614% preferred B_ -•.100 Commonwealth Edison Co-. 25 Commonwealth Gas Commonwealth & Sou Corp com 110 _. 109 264 4 4 4e 46 4 Optional warrants $6 preferred * Commonwealth Tel (Pa) 7% pf 20 Commonwealth Utility 64 % pf. ' New 95 Light- Commonwealth Water & 6% preferred 7% preferred Community Pow & Lt 6 n * com 107 old. — M, — 13 64 344 284 4 74 374 304 4 25 30 First preferred 6% 100 Community Pub Ser com ..25 Community Water Serv com.. 7% preferred. * Concord Elec Co 6% pref 100 115 -* 38 43 • 37 39 — Common Conn Gas & Coke Sec pref * Common.. Connecticut Light & Power 52 44% preferred. 6 * 10 6 8 684 100 110 * 44 % pref series B Cons Edison Co of N Y 25 com $5 preferred.. * Consol Gas Co (Pgh) pref 50 Consolidated Gas Utilities com.l 70 13 1004 254 1024 37 33 14 14 Consumers Gas (Toronto) 3onsumers Power $5 pref 100 r 30 ■ —. Cuban com v t c 9 14 East Middlesex Street 44% prior preferred Ry com 6% 1st pref stamped 6% pref B stock 5% adjustment stock — 6 n 100 100 100 100 100 100 8 154 40 41 60c 70c 54 58 74 14 15 23 6 * * ♦ common - El Paso Nat Gas — Eliz & Trenton RR 100 * 100 50 com 70 34 234 204 94 "34 234 21 114 Company Falrm't Pk & Hadd Pass 210 218 Fall River Elec Light.. Indiana 66 63 63 85 60 10 Ry—See 25 50 9 64 66* Without par price, value. 90 4 Co. IT Now being traded a; Ex-dividend. t New stock, General 16 1 33 Market St Ry(San 50 4 34 72 86 Francisco) 6% prior preferred.. -.100 Light Associat'n- 34 Mass Power & 15c 5c 4 54 110 -v - - ' 84 "I" 4 3 34 Common with warrants * 50c * 20 Common without warrants__ 4 100 100 * 6% preferred 100 64% preferred— 100 Indianapolis Ry Co vtc 100 Indianapolis Water 5% pref100 Interboro Rapid Transit 100 Certificates of deposit Internat Hydro-El Syst A 25 Conv pref $3.50 series 50 Internat Ocean Teleg (guar) —100 — Power Securities 4 100 100 107 110 Middlesex 86 26 32 35 54 57 34 54 1034 1094 110 69"" 144 144 204 194 974 100 103 104 4 6 "24 3 64 64 4 25" "24 24 24 24 * 34 34 3 24 * 400 13 15 65 70 100 30 35 66 68 77" 79" 94 95 98 34 44 34 44 100 12 14 7% arrear certificates —100 Italian Superpower— See Investing Companies. 14 16 as 73 83 704 105 4 94 * 34 Monongahela L & P—See PhilaOo Monongahela St Ry-r-8ee PhilaOo Monongahela Valley Water— 7% preferred 100 Monon-West Penn P S 7% pref 16 98 274 54 com.lO 5% preferred 6% preferred 72 100 100 • Montana Power 6% pref Montreal L H & Pow Cons 83 95 * 164 40 40 100 43 —10 44 134 com 50 38 Mountain States Tei & Tel--100 Nassau & Suffolk 7% pref 100 127 5% preferred National City Lines com Class A_ , conv preferred National Gas & Elec com 18 1 114 -.10 24 50 10 36 34 National Power & light com $6 preferred Nebraska Power 7% 6% preferred Nevada-Calif Electric 6' * 1st pref 100 100 774 1104 108 100 1 100 New Bedford Gas & Edison Lt-25 20 com Southeastern Telephone Co. $7 preferred 55 27 128 4 55 94 8 51 100 50 New Jersey Pow A; Lt $6 pref—-* New Jersey Water pref— 100 New Mexico Gas com 6% preferred-.— t Called July 1 at 105 plus dividend, . 17 $6 preferred $6 prior pref 3o" 101 7 55 * 134 130 27. * $54 preferred stamped * * 6% preferred 100 $2 preferred * New England Pow Co $6 pref.100 New England Pub Ser com * $7 prior preferred * New England Tel & Tel New Haven Water * 100 A • 72 New Eng Pow Assn com 97" * ser 4 4 81 New Eng Gas & Elec Assn— 100 .--15 Common pref 2 4 Preferred Iowa Southern Utilities— cum 24 100 .100 6% preferred class A 100 Minnesota Pow & Lt 7% pref 10( $6 cum preferred 100 Mississippi Power $6 pref * $7 preferred * Mi88 Power & Light 6% pref * Mississippi Riv Pow 6% pref_100 Mississippi Valley Util * Missouri Pow & Lt $6 pref * $3 23 20 2*' lien Mountain States Power 76 ~2~ * Jamaica Pub Service Ltd Preferred Jamaica Water Supply prior Montana Dakota Utilities 24 .24 54 * Missouri Pub Service com 30 Investing Companies. arrear certificates 5 com com Convertible pref A. * Midland Util 7% prior lien. .100 25 6% preferred A 100 64% preferred B 100 7 % preferred C —100 Iowa Power & Lt 7% pref—100 Iowa Pub Serv $6 pref * 64% preferred * $7 preferred * 6% Corp Midland United 50 7% preferred class A 101 124 Water. Middle West 89 24 244 54 Utilities— Common ~2~" 100 100 -. 88"" Investors Telephone com Iowa Electric 64« pref 105 100 Mexican Utilities preferred .. 20 $6 preferred 103 Michigan Consol Gas «. 79 Interstate Natural Gas Interstate Power pref $7 102 • * — 10C * * * 114 Units. 100 .100 34 92 * 110 Montreal Telegraph Montreal Tramways com Mountain Fuel Supply * Foreign share ctfs International 2 101 Service— Common R T 11* 16 100 47 6% 7% preferred $5 * — 31 66 12 55 19 124 .. ~4~" 109 53 8 25 . Marion (Ohio) Water 7 % pref.100 Marion Reserve Pow $5 pref * —100 63 72 Fed St & Pleasant Val—See Phila Canadian ----50 7 % preferred- Light & Tr com 15 Preferred ($6) * Federal Power & Light com.-.50 Modified 5% guar 57 34 Indiana Hydro Elec 7% pref_100 Indiana Service Co 6% pref—100 See 63" 634 62 4 604 604 64 284 284 Certificates of deposits Iowa Elec Lt & Power Co— Federal r * 50 * Indiana Assoc Telep $6 pref—-* Indiana & Michigan Electric— 7% preferred 100 43 60 14 Marcon Int Marine Commun'y— Amer dep rets for ord shs_... £1 7 $6 preferred Illuminating Shares class A.. 115 62 Fall River Gas Works 3« 51 Illinois Iowa Power common Internat Teleg of Me (gu) International Telep & Teleg 55 62 Phila 83 100 55 100 International Ry v t c_ 64 103" 25 100 _ 60 110 * non-cum Internat 59 .100 : Manhattan Railway 7% guar 100 Certificates of deposits 50 50 96 * European Elec class A $7 preferred $5 cum preferred $6 preferred series C $6 prior preferred 7% prior preferred Mexican Northern Ry com Preferred. 284 * 25 1 * * $6 preferred Erie Coach 25 10c Memphis Natural Gas Metropolitan Edison Co— 274 110 100 6% preferred 22 14 92 109 100 100 Empire & Bay State Tel (gu) 100 Empire District Elec 6% pf—100 Empire Gas & Fuel Co pf 8%-100 Preferred 7% 100 64% preferred 100 Empire Power Corp— See Investing Companies. f Empire Telephone com 6% Preferred. Engineers Pub Serv com $5 cumulative preferred $54 pref (with warrants) 75 11 International Power Co 1st preferred 50 Preferred 5 44 72 Lowell Electric Light Luzerne r?0 Gas & El $6 pref.100 Indianapolis Power & Light— 1 --.-100 Elixabethtown Water Oonx Elizabeth Consol Gas 100 12 1 • 44 95 * * * 110 Louisville Railway Co Preferred 104 60 514 60 104 100 100 7% preferred 100 81 92 25 Indiana Telephone Corp 34 100 3 com Preferred 50 164 100 100 ... Warrants 3 4 44 594 * $2 Preferred 24 3 " 22 $6 preferred $5 preferred Electric Ferries 6% preferred— 8% preferred Elec Power & Light Corp $7 preferred ib preferred 2d pref series A Optional warrants El Paso Electric Co (Del) — Preferred series A 7% 6% preferred- 95 pf-* 5% preferred 12 43 6% preferred 2 19 Electric Bond & Share— Essex 98" * "4 33 Arrears certificates— Illinois Power & Light— 2 * com 88 lO" 1 100 5% conv preferred 84 * Util Assoc 35 254. 10Q Louisiana Power & Light $6 Louisv Gas & Elec com cl A 40 16 25 Telep & Tel eg Conv stock 7% 25 -.25 com preferred 100 Huntington Water 7 % pref—100 Idaho Power 7% pref 100 6% 1st preferred * 111 Comm'l Telep 6% pref * 24 12 — - 10 30 -100 Gas 374 * 100 * * 5% 5 States Long Island Lighting com 7 % preferred A 6% preferred B Longview Bridge class A 26 72 25c 135 92 Eastern 25 Preferred 8 * 6% preferred 48 Corp Haverhill Gas Light - 3 2 Eastern Mich Transportation Eastern Minn Power 6% pref Easten Electric Light 6% preferred - 4 East Shore Pub Serv 6 4 % pf 100 Eastern Hartford Hudson & Manhattan 1 100 Eastern Mass St 47 24 Houston Natural Gas com.. Eastern Gas & Fuel Assoc's com 6% preferred Lone Star Gas 1 10 c.. Ry 184 Haverhill Elec Co ■ 14 t 17 104 994 5c 8 Light & Pow Securities Co Preferred 324 34 Holyoke Water Power Houston Lt & Power $6 pref 684 4 72 * 15 70 Hestonville M & F—See PhilaRT Light—See Phila Go— • * 98" * 100 13 65 1014 294 10 Duqueaae Nat Gas common $4 preferred $5 preferred 100 * * 49 9 v Lexington Telep 6% pref 9 25 Water Havana Elec & Util $5 pref 112 99 95 25 * preferred 8 _* 100 100 4 82 45 100 40 55 20 * 100 25 75 25 29 Duke Power East CoastPublic Service 40 3 65 Maiden & Melrose Gas Lt Manchester Gas pref Preferred 110 Detroit Edison Duquesne 40 40 112 6% preferred 75c 555 38 106 100 Preferred Derby Gas & Elec $7 pref Detroit & Canada Tunnel 52 105 94 90 ♦ 109 27 100 100 Kentucky Utilities 6% pref.. 100 7 % junior preferred 50 Keystone Pub Serv $2.80 pref. * Keystone Telephone $4 pref—-50 Key West Elec 7 % pref 100 Kings Co Ltg 7% pref 100 5% preferred -.100 Laclede Gas Light 100 5% preferred 100 25 Havana Elec Ry com 103 108 1064 1064 6% pref--100 Maiden Electric Co 107 108 34 114 8 Harrisburg Bridge— 20 Harrisburg Gas 7% preferred. 100 Harrisburg Rys common 50 3 51 103 98 - Lt & 99 Hartford Gas 6% preferred 100 64% preferred 100 Dallas Power & Light 7 % pref 100 6% preferred * Danbury & Bethel G & E pf 25 Dayton Pow & Lt 4 4 % pref.100 Denver Tramway com * „ 96 $5.50 Cumberland Co (Maine) Power & Light Pow 44% preferred ' Lynn Gas & Elec Co Mackay Companies 4% pref. Hamilton Gas common 4 Kansas * 87" 87 5 7% preferred 7% preferred 150 1104 * 10 7% pref class A Hamilton Bridge common 47 14 6% pref 85 ; Hackensack .1 i. « 105 6% preferred.. - 113 * Common 944 100 100 Telep common 6% preferred Cumberland Gas - 764 99 14 - 22 Gold & Stock Telep (guar) 93 84 14 * Kansas Gas & Elec - - 90 97 100 — 7% preferred Kansas Power Co 31 * 7% prior preferred • 100 Lexington Wat Serv 7% oref_100 1 100 Green & Coates—See Phila R T Green Mt Pow Corp $6 pref— _* Greenwich Gas $1.25 pref * 8c * 100 100 7% pref. .100 Common -20 Gulf States Util $6 pref 159 Continental Gas & Electric— Continen Pass Ry—See Phila R T Crescent Public Service com - 80 118 Kansas KJec Pow 6% pref 30 V.' 904 - Preferred 51 95 - * $4.50 preferred 103 Ask Lawrence Gas & Elec Co Lewiston Gas Lt 5% pref Georgia Power $6 preferred — $5 preferred * Georgia Power & Lt 6 % pref * Gerinantown Pass—See PhilaRT Gloucester Elec Lt Co 25 - 28 96 Greenwich Water Sys 6% pf__100 Gulf Power $6 pref erred—...—* J—See P S Corp Cons Trac (Pittsb)—See Phila Co Consumers Gas (Reading).. 25 Bid . •43 18 $3 preferred 4 4 100 * Warrants... Par 5 4% preferred. 100 Kansas City Power & Light— 1st pref $6 series B * Kansas City Pub Serv * 23 Companies. General Pub Util common * 5% preferred Gen Telephone Corp com 20 $2.50 conv preferred... ....50 43 41 % „ See Investing Gen Telep Tri Corp Gen Wat Gas & Elec com 118 25 Consol Elec & Gas $6 pref Cons Gas E L & P (Bait) + 54 115 Connecticut Ry & Lighting—100 35 32 23 $7 preferred ~ $8 preferred Gen Italian Edison Elec Corp— Amer shs for ordinary stockGeneral Public Service Oorp— 4 -4 * Connecticut Power Cons Trac of N — 100 5,4 % preferred 304 32 ...— 11 wi common 104 4 284 294 Elec Light. 38 Florida Power Corp 7 % pref—100 100 109 Preferred $50 par 49 244 Florida Power & Lt $7 pref * 93 106 25 -100 44 Florida Telephone 120 8% preferred 100 75 Frankfort Kentucky Nat Gas..85 26 63 Frankf'd & S'thwark—see Phila R T 59 21 Franklin Telegraph (guar)...100 112 Gandy Bridge common * 14 140 Gardner Elec Light common. 100 111 Preferred 100 105 264 3 4 Gary Elec & Gas common... 11 ♦ r % Gatineau Power com— 3 48 32 6% preferred 100 54% preferred 100 474 Gen Gas & Elec (Del) com A..* 99 5% prior preferred * 25 $6 cum conv pref ser A * 25 $6 conv pref ser B * Fitchburg Gas & Stocks Jersey Cent Pow & Lt 7% pf.100 6% preferred 100 Ask Bid * * * 60 — $64 preferred $7 preferred - 37 224 1024 44 Coast Co Gas & El 1st pref-_ 100 Oolum G & El Corp (Del) com..* 6% preferred series A 5% preferred 5% conv preferred - - 100 * common Pat Federal Water Service com A..* 7% preferred ...100 City Water Co (Chat) pref 100 City Water (New Castle) pref .100 Cleve Elec Ilium Stocks Ask Bid (Pa)— 79 STOCKS UTILITY PUBLIC June, 1940] 113 73 100 97 5 4 50 38 k Last sale, n Nominal, 80 PUBLIC Quotations for all securities r Stocks Bid are a* near as Ask 18 * 0 0 * 97 23)4 25)4 Philadelphia Rapid 45 50 12 15)4 5 16 * Option warrants. 23 ; 0 N7<& 5% Queens El Light St Pow- 107 2)4 40 45 3 97 100 I 19 17 0 3 354 3% 74)4 77)4 70 74 3 95 West Phlla Pass guar Phila Suburban Wat 6% pf 16 1654 49)4 53 ? 47)4 48 { i % /8 1 Northeastern Wat St Elec com.. 70 I ; j ! —j 68 H 47 47 2)4 50 * (Del) A* 45 48 95)4 97 X > ) 354 10)4 100 64 77 9 15 47 79 82 83 86 29 30 20 23 1)4 49)4 15 95 102 111)4 113 110 112 87 6% preferred 96 10454 9Z 7 %preferred Ohio Service Holding com. 103 Units Ohio Water Service A 160 106 40 38 ... com.. 38 107 109 95 6% pre Okl a Nat 98 1354 15 41 45 100)4 Omaha & Council Bluffs Ry— St Bridge Oo 4% pref 1 103 35c — 2)4 9)4 3)4 954 98 80)4 Oregon Wash. Water pref. Preferred. r $5 preferred. 38 75)4 72 Service— 5X 16 8% 114 ... preferred 19 120 140 Pacific Telep St Teleg 147 Panhandle Eastern Pipe Line Pecos Valley I'ow & Lt com Penn-Ohio 110 112 56 61 108)4 97 H 95 54 Pennsylvania Edison Co— 12.80 preferred......... 32 39 61 Pennsylvania Gas 59 12 "4" "8~" 15 1 Pennsylvania Power $5 pref... IX 109 105 99 preferred 106)4 103 -to 101 93 .... Pennsylvania State Water, pre Pennsylvania Telephone Co— $2.50 preferred 95 97)4 102 X 54)4 $5 preferred. 55)4 55 57 111 Peoples Gas & Fuel Corp. PeoplesQL&c (Ohio. / ■ 14 26)4 2654 1)4 IX 1 )4 / 85 14 15 80)4 85 X 99 5)4 69 6 3654 76)4 42)4 71 73 a 54 254 Citizens IX 112$ 114 X PhUa St Darby—See Phlla R PhtJa & Grays—See Phlla R Philadelphia Elec Co com $5 preferred * x .... Without par Ex-dividend. value. 1 67 190 200 97 99)4 101 105 110)4 114 is$1 69 >4 5X 18 19)4 7054 11 20X 454 454 60 .... T T 29 30 116 1 at 98 93 114 80 110 113 * 44 • ....1 5c 1754 9 18)4 13)4 115 ~~i2 IIII X 50 78 - 82"" 13 X 23 16 18 24)4 25)4 It* IP ilH 29% 30 H Southern Calif Gas Co— 100 1 ..♦ .......1 $2.75 preferred $3 preferred United Utility Co common Utah Power & Light— $6 preferred $7 preferred • • .10 23)4 9H IX 95 Southern New Eng Telep—_10u 140 itH 102 95 354 3X 40 103 9754 90 103 154 1454 1354 254 15 10 107 7 7 8)4 29)1 79 69 1 )4 10)4 107)4 108 20)4 73)4 74)4 84)4 1 X X 19)4 21)4 2)4 • 49 54 9)4 7)4 110)4 63 60 * ... 100 99 10 610 1654 104 West Ohio Gas new com West Penn Elec Co class A 7% cum preferred 100 cum * Common Preferred * 100 90)4 2254 106 91)4 Bridge— .——————* * * West Va Water Serv 8% pref—.* Western Lt St Tel com..... 1 25 Massachusetts Cos....* N Y Wate»- pref. —* Pub Serv $1.50 pref .* Union Telegraph— 100 Preferred Western 154 85 100 100 preferred ... Wheeling Bridge............100 Wheeling Elec 6% pref _—100 WiUlamsport Water pref-......* Winnipeg Elec class A... * Class B. .--* - Preferred Wise Elec Pow 6% ........ -;100 pref (1921) 100 6% pret (1897 series)..—-.100 94 55c 24 25 13 14)4 101 110 100 100 - - - - _ 1.10 1.10 1.25 6 7 lI6"" lI4"" 754 454% preferred Wise H ydro-Elec 6 % pref.... 100 Wise Michigan Pow 4)4% pref— 8)4 92 X 94 45 50 105 97 100 95 7% preferred——........100 Wisconsin Pub Ser Corp 7% pflOO 98 104 100 100 98 100 97)4 15)4 .1 —5 Worcester Trans Assoc—.—..-* York (Pa) Railways pref———50 York Water Co -25 Wisconsin Pow St Lt 6% pref. 6)4% preferred Southwest Consolidated Corp 1 Southwest Gas (Okla) 7% pref 100 99 92 154 60 100 .7)4 5X 2X X 15 * Common 29 100 /Flat price. * Western Westmoreland Water pref—.—* 103 113 12 * 25 6 .......* 1st pref cum Western Western 7 22 110. A com Prior preferred 15 25 4.8% cum preferred United Lt Sc Pr Common B West Va Ohio River 114 Southern St Atlantic Teleg (gu) .25 South Calif Edison common—25 6% preferred series A 25 6% cum preferred 25 Southern Calif Water pref.....25 96"" 90 ...... West Phlla Pass—See Phila R T West Texas Utilities $6 pref..—.* 18 100 South American Utilities com.50c .25 —25 27 115 95"" $7 pref series A_. ...» Warrants United Gas Improvement......* $5 preferred United 111 Co of New Haven..—* 4)4 % preferred 96 5H% preferred series O—..25 25)4 )4 West Penn Power Oo com. 112 7 % preferred .100 Southeastern Telephone com.. X 4 40 6% X 7 25 ..100 85 . 105 Washington Wat Pow 6% pref—* 54 3 100 Preferred Southern Indiana G St E— • Wash (D O) Ry St El com Partic units.. 16 2 r - X United Gas St Elec (Conn) com.* 7% preferred... ...100 United Gas & El (N J) 5% pf.100 United Gas Corp com....—. 1 . 25c H 17 Southern Canada Power .... $3 cum preferred Warrants 4)4% conv prelerred .—100 Wasu Lras St Elec 7 % pref.. 100 46 14 Sierra Pacific Pow common....* .. 5% preferred Union Gas (Canada) Union Gas System com....—10 Preferred. 50 Union Pass—See Phila R T Union St Ry (New Bedford)-.100 Union Traction—See Phila R T United Corp ___...* Common 117 115 111 6% preferred. Texas Power St Lt 7% pref.-.100 6% preferred * Third Avenue Ry (N Y) —...100 13th & 15th Sts—See Phila R T Tidewater Power 8% pref * Toledo-Edison pref A 7% 100 6% preferred. 100 5% preferred 100 1 54 111 100 — 3 3 Virginia Electric St Power— $6 preferred * Virginia Pub Serv 7% pref.-.100 6% preferred 100 Washington (D O) Gas Light— 114 $4 preferred 1 South Bay Consol Wat 6% pf-100 Sou Carolina El St Gas 7 % pf. .100 South Carolina Power 6% pref..* South Pittsburgh Water— - 94 Utilities Power St LightOld 7% cum preferred 100 Utilities Stock St Bond Corp.. 1 10 106 108 100 100 $7 preferred- 23 98 25c 83 9, 10 * Preferred 23 19 10c ... "154 ... Southern Union Gas com— * A preferred ..-.—25 113 100 95 91 1st $5 preferred— 100 2d $5 preferred * Second Ave RR Cop (N Y) • 2d St 3d Sts Ry—See Phila R T Shasta Water Co * Sioux City Gas St Electric 20 91 Texas Gas Util com Texas Hydro Electric— Claws B common.. 95)4 100 100 100 1(X» • 1)4 14)4 2% 11)4 54 54 Terre Haute Ele" 6% pref.. 100 Texas Electric Ry 100 Texas Elec Service $6 pref.Till* 7% preferred 31 100 Shawinigan Water St Power Shenango Valley Water pref Sierra Pac Elec 6% pref.. 254 10)4 14 72 United Public Service Corp.. United Pub Util com A X 1 13 54 IX 110 United Light & Ry 6% pref...100 6.36% preferred .100 30 74 St Louis Public Service— • New class A San Antonio Public Service— 6% preferred... 100 San Diego Cons Gas St Electric— common.. 12)4 1Q0 6% 3 29 Joseph Ry Lt St Pr 5% pf—100 St Joseph Water 6% pref. 100 St Louis County Water pref. .100 Southern Nat Gas com t Called June 117)4 102)4 68 60 Southern Col Pow com A 1/ 55 20 130 50 Original preferred * 14954 114)4 101)4 _.5o 6% preferred series B_. Phlla City Pass—See Phil a R T Philadelphia Co com 34 147 X $5 prior preferred * Quebec Power common * Queens Borough G St E 6% pf 100 Rapid Transit Ry—See P S Corp Republic Nat Gas 2 Rhine-Westphalia Electric PowAmer shares representing com Rhode Isld Pub Serv $2 pref 2714 6% preferred 1)1 Scrip — $3 Preferred— 33)4 41X 125 Consolidated Trac of N J.. 100 Rapid Transit St Ry Co 100 Public Serv of Okla 6% pref—100 7% preferred. 100 Public 8erv El St G $5 pref * Puget Sound Pr & Lt $6 pref ♦ Scranton Transit 3 % common..... 82 H 92 x 2)4 97 104 Union Electric Co of Missouri' 100 81 $5 preferred • Public Service Corp of N J_.__—* 8% preferred 100 7% preferred 100 6% preferred 100 $5 preferred * Scranton Electric $6 pref * Rap Transit (Minn)..* 7% preferred-.100 105 99"" IX 92 100 Twin City 114 102 Rochester Transit common. Rockland Light St Power 100 Twin States Gas tr El 7% nref100 89 84 99 Seattle Gas common 2 6)4 8)4 6)4 754 40)4 Preferred preferred $3.50 preferred. 4)4 5 H% preferred.. —10Q Pottsville Water Oo 25 Power Corp of Canada com * Providence Gas Oo * Public Elec Light 6% pref.... 100 Ridge Ave Pass—See Phila K T Rio Grande Valley Gas v t c conv Tampa Elec Co 7% preferred Tampa Gas, 7% pref. Tenn Eastern Elec 7% pref.. Corp common.....* 7% preferred * X 354 100 95" Texas Power 113 Scranton-Spring Brook Water Service 6% pref Edison— Warrants Warrants B 70 111 31 2854 2954 73 65 117 30 X 3 31 1 68 106 7% preferred. 28 6)4 5 St 102 4 IX 2)4 45 43 114 6% preferred series O 6% preferred series D 5% preferred series E__ Rochester Telep $6)4 pref 16 2654 29 X 27)4 69 ......... 91 X 154 Rochester Gas St Electric— 74 pioionou 104 86 .60 Riverside Traction 14 97)4 Tacony-Palmyra Bridge— . 100 _* .. Suburban Rapid Transit St RylSO Superior Water Light & Power— 7% preferred 100 Swiss Amer Elec 5% pref.500 Fes Syracuse Transit * Tacoma Ry St Pow Co... 5% 48)4 104 95 .... 2654 29)4 26)4 37 100)4 (5X%)—... Common preferred 12 12 Pacific Public non-cum 1% 2% T Potomac Edison Co 6% pref.. 100 7% preferred 100 Potomac Elec Pow 6% pref.-.100 85)4 r R 1 Class A. 97 *>7p Phila 100 100 Portland Gas St Coke 7% pref 100 Portland Gas Light 50 $6 preferred * Portland RR 5% stock 100 Postal Telegraph System— Omaha & Council Bluffs St Ry1 1st preferred 20 - 92 92 54 2)4 $6 preferred * Public Serv Co of N H $6 pref—* x 2 4§ 8 112 * Public Serv of Colo 7% pref. .100 6% preferred.. 100 5% preferred 100 Public Serv of Ind $7 prior pref—* 65 X 107)4 79)4 102% 100 ; PlainfieM Union Water. Portland Eiec Pow 6% pref 4% 8)4 71)4 69 33 3 Philippine Long Dist Tel 100 Pittsburgh Suburban Water— $5.50 preferred .100 92 38 8 ..... 34 Common 88 7% Common Preferred Phlla Traction—See 104 90 > 11 48 46)4 46)4 50 Bid .. 6)4 7% prior preferred Northern Indiana Public Serv- Northern Liberties Gas.. 5)4 8X Phila Transportation Co- ) Oo 50 16 54 Texas 20 30 332 132 Springfield City Water 6% pf 100 Springfield Gas St Elec preL... * Springfield Gas Lt Co. 25 Springfield (Mass) St Ry CosPreferred .............100 Standard Gas & Elec com * $7 cum prior pref * $4 cum preferred ♦ $6 cum prior pref. * Standard Pow St Lt com "l Class B "♦ Preferred "* 40 2d 3 North 12 72 Philadelphia Traction 50 Ridge Ave Pass ($28 pd) 50 £ 3d Sts Ry guar.-....50 13th St 15th Sts Pass Ry 50 Union Pass ($30 5-6 pd) 50 Union Traction ($17)4 pd).50 3 J $6 preferred. 54 Phila St Darby Pass Ry 50 Phil St Grav's Fy ($25 pd).—50 100 3 20 50 Par Southwest Nat Gas $6 pref 10 Common ioc Southwestern G St E 5% pref"l 00 Southwestern Lt & Pr com A— * $6 preferred "♦ S'western States Telep com..—Il 1 X 2)4 50 50 . 105 * Niagara Huds >n Power. 30 PhilaCityPass Ry($22 H pd).50 * 9 pr 108 99)4 29 . 12 103)4 pref ...25 Transit...50 Stocks Ask Germantown Passenger .; Green St Coates Sts i$15 pd) Hestonville M St F com Preferred 24)4 7 - Bid 7% preferred 50 Citizens Passenger guar 50 Continen Pass Ry ($29 pd).50 Pairm't Pk & Haddington. .50 Frandf'd & Southwark Pass.50 104 0 Newport Water month preceding tha date of issue Par Stock* "hlla Elec Power H% 20 95 I STOCKS UTILITY possible for the closing day of the 145 3 18 Wolverine Nat Gas com.. Wolverine Power Co— "i" 5 106 2. 6)4 15 2554 2654 12 35 k Last sale n Nominal. r Canadian price. t New stock, Under the heading "Industrial and Miscellaneous Securities" we include all issues which do not appear under the previous three headings, namely "Railroads" "Investing Companies" and "Public Utilities." In the case of stocks, however, we put "Textile Manufacturing," "Insurance," "Mining," "Real Estate and Land," "Title Guarantee and Safe Deposit Companies" under separate heads, then follow with the rest of the "Industrial and Miscellaneous." NOTICE—All bond prices are Quotations for a'l securities Bonds J&D / r Bonds WA 0.50% due Mar 1.00% due Mar 1.25% due Mar 1.50% due Mar 1.75% due Mar 2.00% due Mar 2.15% due Mar 2.30% due Mar 2.45% due Mar 2.60% due Mar 31 100 99% lOO" Adams Express— Investing companies Advance Bag & Paper 6s '52. J&D V 103 Aeolian Co 6s 1944 J&J 90 Agar Packg & Prov 5s 1945-J&D w w 1948—A&O Grain 26 20 6%s 50 50 r 98 58% 52% 30 6s 1946 J&J 100" f deb 4s '52.M&S 107% 99 92% 107% — 108% ~ — - «. 93 109% 31 101% 102 % Amer La France & Foamite— J&D M&S 23 % 90 Am Mach & Metals 4s 1943—J&J 50% American Nat Co (Ohio)— Extended 6s stpd 1943 37 M&S f F&a Debenture 6s 1944 A&O American Type Founders Inc— s f deb ~7~~ 100 Ames-Holden Tire & Rubber— Income 7s Jac 1 1943 M&S / Anaconda Copper Mining Co— Sink tund den 4%s.1950.-A&O Anglo-Chilean Cons Nitrate— 42 "§" 101% 90 50 95 41% 85 98 97 .J&J / 23 M&S 26 28 Arcade Mall Iron 7s 1943.-M&N 9 _ A-NY & B-NY Realisation— 5s. 1955—„ 95 95% 95% 66 Arnold Print Works— A&O 63 Arundel Bond Corp 3-5s Dec 1 '53 Arundel D ^b Corp 4-6s Dec 1 '53 85 Associated Mtge Co 3-6s Dec 1 '53 48% 52 % _ 60% Laundries— J&J 53 _M&Ni/ Bklyn Serv Station 5%s '46-J&D Brown Coal Indus 6 %s '53—A&O / Brown Co 1st 5%s 1946 A&O / 1st 5%s 1950 ser B M&S/ Pap Co ext 4%s '41-A&O Bruck Silk M Ltd 6%s '45-M&N r Newspa 5s *45-A&O J&J Atlantic Ice & Coal 6s 1951.J&D 63% 92% Atlantic lee Mfg 6s 1945 F&A Atlantic Refg 3s debs 1953—M&S Atl Bug Rof 1st s f 4s 1951— M&N 104% 99% 63 r 70 95% 70 97 Hill Falls Co 6s 1959.M&N 101 92 97 40 45 O-E to 1941-M&N s f extl 6s 1940 Income 5s 1958 s f6%s guar 8» 45% 49% Crown Cork & Seal Co 90 100 M&S /fcl06% May 31 68 5% conv debs 1944 M&N Fdy & Ma 5s '44. A&O 50 Betnlehem Bethlehem Steel Co— Purch money Cons M s f 6s 4%s 1998—Q-Feb D '60..J&J ser 138% 145 % 4%s to 1941 J&J 15-yrsfconv3%«debs '52 A&O Cons mtge 3%s ser F 1959-J&J Cons mtge 3s ser G I960.-F&A Cons mtge3%sser H '65—F&A 105% 100% 97 99% 105% 100% 97% 100% Called July 1 at 105. k Last sale, 92 1 1948— Certifs 5s May 1 1949— Danish Prod L'n Fund 5s '40".J&J Davidson Biscuit 5 %s A *45 A&O 90 89 25 99 2nd income 6s Mar 1946 Detroit City Ice & Fuel— 76 102% 4s w w 1948 / F&A 23 42 40 77 87 Detroit Garages 5%s Mar 1948-/ 41 Detroit Har Term 1st 6s '50.M&S / 25 Detroit Times 6s 1940 to '43 M&S b 98 to 92 Deutsche 60 62 30 35 5% 78" Kentenbank— s f 6s Oct 15*60 A&OIS / Series B„_ Dickey (W S) Clay Mfg Co—~ Cum inc 5s (ex-stk) Nov 1 1949 Dom Coal 1st 4%s ser A '52-A&O Serial 3 %s 1940-1943 A&O 3 42 85% 45 95" 12 10 97 59 101% 67 61 Deb 4%« ser A 1951 M&N Dom Woolens & Wors 6s '53-J&J Donnacona Pap 4-4 %s '56—F&A r 84 87 r 68 r 71 80 76 80 10-yr 5 % % 'notes '1947—J&J 59 62 45 75 19% 21 59% Dryden Paper 6s 1949 JP&A Dufferln Paving & StoneDeb 5s series A 1955 Jan Dumont (Allen B) Lab— Dow Chem Co deb 3s 1951.-J&D Central Coal & Coke— 90 8% 109 110 67 80 Oespedes Sugar 7 %s 1939 M&S Ooampion Pap Corp 6s '45--F&a Champion Paper & Fibre Co— 4%s a f deb '50('35 Issue)_M&S 4%saf deb 50('38 issue)-M&S Ohateaugay Ore & Iron— Guar gold 4s 1942 J&J 104% 107 102 104% 103 Chicago Daily News— 3%ssf debs 1950 102% 7 8% it* Dominion Steel & Coal 6%s 1955Dominion Tar & Chemical Co— 40 x 20 35 45 83% Farm Ln 40 101 99 40 85 Corp— 8% 2 %-5s 6s Corp 5s 1953 103% 30 57 90 95 Ooll s 102 85% 104% 1952-J&J J&D 88 40 40% 65 Eastern Dairies 6s 1949 M&N Eastern Mfg 7s ser A 1938.-J&D Eastern Racing Assn 5s 1945 Elk Horn Coal 70 99 70 105 96 99" 61 Eaton Paper 1st 5%s 1943.M&N Elec Auto-Lite deb 4s 1952.F&A 27 56 60 Eastern Cuba Sug 7%s '37.M&S 85 100% 54 1949 Eastern Car Co Ltd 107% 98% ..-.-M&N Durham Duplex Razor 6i 1955— Durez Plastics & Chem— 4%s conv debs 1949 M&S Earl Fruit 1st s f 5%s 1947—M&N Eastern 94 8JK 155% 63 106 Eljer Company 5s 1951 Chicago Produce District— 1st cum Inc 5s (w-s) '48--F&A Chicago Stk Yards 5s 1961-A&O Childs Co deb 5s 1943 A&O 97 73 M&S J Called June 15 at 101%. r Canadian funds, n Nominal, 96 94 1 1947— 60" Oitiea Service Asphalt 5s 52_ A&O City Ice (Kansas) 6s 1940—-A&O City Savings Bank of Budapest 7a 1953 F&A * " 90 Chilean Nitrate & Iodine Sales Corp inc 58 1968 .J&D jnterest. / 100 1 1945 1 1946 88 A&O 95 100% 75 Chic Grain Corp 3-5s 1952 A&O Chic Molded Prod 5s 1949-A&O loo" Dairyland League— Certifs 6s May 1 1944— Certifs 5s May Certifs 5s May Certifs 5s May Certifs 5s May Chesap'ke-CampCorp4 %a'47J&J 70 78 a&O 72 30 20 1940. J&D Baush Mach Tool ext 5s '41.M&S / 25 Bayway Terminal 2nd Inc 6s '57- - / * 17 Beaver Mills 1st 5s 1950 J&J 25 Bedford Pulp & Paper 6%s 1942. 100 Beech e reek C & < 5s 1944__ J&D 95 Bendix Home Appliances— 55 96 90 73 A&O / 101% 101% 95% M&S 101 Central Steel 1st 8s 1941 ..M&N Certain-teed Prod 6%s 1948 M&S J&J f deb 4s 1950 101 4 73 105 49 99 38 92 98% 101 71 34 J&D J&J Debenture 4 %a w w 1947-F&A N on-cum Inc 4s B 1941 Central Foundry Co— 1st mtge 6s 1941 Gen mtge 5s 1941 105 104% 99% 100 58 100 Inc— 1950—M&N « f deb 4%s 1948 s 4 104% 67 -J&D 55 F&A I r Davidson-Boutell 5s 1946—J&D De Bardeleben Co il Corp— 1st- cum inc 5s 1957--Ann April / Deep Rock Oil 7s 1937 stmp M&S;/ Deerfield Glassine 1st 5s Mar '50 '/ Defiance Paper 6s 1939 J&Di Delaware Floor Products— I M&S M&S Central Iron & Coal 6s 1938-F&A Central Ry Term & Cold Storage 6%s 1952 A&O Baragua Sugar Estates— 50 85 101 25-yr guar 5s 1955 M&S Can Pow & Pap Inv 5s 1958-F&A Canadian Vickers 6s Aug 1 1947- Oelotex Baldwin Locomotive Works— f Nov 55" 3 rucible Steel 4%s A 1948..F&A Tobacco 5s 1944. J&D Cudahy Packing 3%s A '55.M&S 5s 10 May 20 10";?S s 96 Cumberland Ry & Coal— 102 1st n-c income 5s Apr 1951 Cassco Corp inc 6a 1949 100 J&J / 20 101% 101% J&J 62 103% M&S Conv Canadian Bakeries 6%i '45-M&S Canadian Canners Ltd 4s'51M&N Canadian International Paper—• 1st M 6s 1949 J&J ir> 50 — r 12 95 Cuban 90 90 Bait Steam Packet 5s 1942—F&A 105"" 25% Cemeritlst4%sserA'51 M&N Canada SS Lines— 1st & gen 5s 1957 5% Credit 15-yr 4s 1946 75 101 Without warrants ^ Camaguey Sugar— 7s Certificates of deposit-1942 / 18 Campbell River Tlmb 6s '41-J&J 118 Campbell Transportation Co— Equip trust 4%s to 1946--M&S 54.40% Equip trust 4s to 1951 J&J 96 Canada Bread 6s 1941 F&A r 73 "7" 10 94 Service—See Investing Cos Crowley Milner 5%s 1946—M&N 75 35 102% Fdy— conv s f bs 1940-J&D Coplay Cement Mfg 6s '41.-A&O Cosden Petroleum conv 5s '47 J&J 50 A&O 103 J&J f 16 14 Container Corp 1st 6s 46.J&LH5 tfclOPl32 May 27 Deb 5s 1943 with wHrr J&D f 102 Oont'l Invest Bond 85" Corp 3-5s '53Oont 1 Invest Deb 67 Oorp 4-6s '53 Continental Oil— Conv deb 2%s 1948 J&D 104% 104% Continental Roll & steel 33 19 84 30 r 1941 JvI > Cum conv inc 5s 1953 M&N / Consolidation Coal Co— Sink fund 5s July 1 I960—J&J Consumers Co (111) 5s 1956—J&J Consumers Rock & Gravel— J&J 20 95 94 81 8s A&O Calif Cotton Mills 1st 6s '40-J&J Calif Dairies deb 6 %s 1942.M&N Calif Group Corp 5 %» 1956 M&N 3%s 1942-454%s 1952 1st 72% A&O 1943 Textile 71% Byrndum Corp ext to Jan 15 1942 Calaveras Timber 1st 6s '38-M&N California Consumers Corp— 1st lien 3-5s 1955 J&D Calif Cooperative Creamery— Deb 91 102% Cosgrove Meehan Coal 6%s 1945Orane Co 3%s s f deb 1951. J&D Credit Foncier Franco-Oanad— A&O 35" 33 70 F&a Cum inc 6% notes 1950—F&A 8 f deb 3%s 1951 J&P 1st M 103% Ann, Apr Bldg 1st 5s stamped 1960 By era Machine 3-6s 52 97 101 Cum me 6s 1950 34 r 66 101 •"onsol Oil 32 J&J / Burns Bros deb 5s A 1961--M&S Burns & Co Ltd 1st s f 58 1958 J&J 104% — 100 102 ser Corp conv 4%s 1948 A&O Carthage Marble Corp— 1st s f 6%s A 1942— M&S Avery (B F) & Sons 5s w w'47J&D Bag 6s 1942 103% 100% 98 Carrier fk 50 Bates Valve 102% 80 —. 6s1948 J&J 1948 102 Conv deb 4%s 1939 J&J Autocar Co 7s ext 1947—M&N Battle Creek Sanitarium— lstsf 4%s A 1954 30% 97 Carribean Sugar— Cum inc 7s 1941— F&A Carlisle Lumber 6s 1945--- Auburn Automobile— 6s 1947 Barber & Ross 4s 1945 32 53 103% An Apr / • 15 83 50 1 Consolidated Cement Corp— Consol 35 10 29 28 98 1943.F&A os Consol Paper Corp 5%s 1961-J&J Consol Press 6%s 1949 J&D 89 87 104% Diesel Engine— 6% conv notes 1945 M&S 101 Atlas Pipeline Corp 6s 1945.M&N 40 Gen conv 6s 1950M&N / 3 Cum inc deb 102 M&N series B Can Looamotive 6s July 1953 Canadian National Steamship— Atl Gulf & W Indies SS Lines— Mtge 6s 1950 »'ulp & Paper— M&N / Canada Paper Co 3s 1940-41-J&D 1st M 20-yr 4s ser B 1955. F&A 1st mtge 4s series O 1957.-J&J Atlas Imperial 68 Can Armour & Co of Delaware— Coll tr g 5s Jan 1 1959 66 lstsf 6s 1948 102 % 20 1st lien 4s 1952 27 1st 4s 1952 Cons g 5s Jan 1955 85 28 Trap 5s Aug 11946. Anthony (E C)— 1st s f 6s (San Fran) 1942 J&D 1st s f 6s (Los Ang) 1942.-J&D Atlanta 55 25 Bush Terra 48 102 % Sink fund income deb 1967 J&J 1st 5s Feb 1 1952 47 1st 6s 1950 f s Ask 80 Connor Lumb & Land 6s '41 M&N Oonaol Biscuit lit 5%a B '46 M&S 1st 5%a ser O 1946 J&D 101 Gen sf 7s 1950 Bid Columbia River Packers Assn— Income deb 2s Oct 1950 / Columbia River Paper Mills— 6s to 1943 A&O Cum inc 5s April 1967 / Commercial Mackay Corp—See Public Utility Bonds. M&N 1st 4s F) 7s 1944 4% notes 111 2%-5s 1950—J&J Antilla Sugar EstatesIncome deb 6s 1951 (w-s) .v. Iron Tncome ,5s 1970 1941—A&o Buck bonds Bonds Colo Fuel 103 4% notes ser F 1946 M&N Burmeister & Wain (Copenhagen) 118 Am Wire Fabrics 1st 7s '42.-M&S American Writing Paper Co— Conv 6s 1961 Ann Apif Animal —_ 1944 1945 1946 1947 1948 1949 1950 Brandram-flenderson 6s *56. J&D Brit Col Packers 5s 1953 J&D 15-yr J&J / J&J d Am Tobacco deb 4s 1951 Conf 1 1 1 1 1 1 1 Bryant Paper 6s A 1942 International Corp— Investing Companies Amer Seating 6s stpd 1946 Am Silica-Sand 6s 1951 1 1943.. J&J Boston Wharf 1st 6s defaulted Colonial Colliery 6s 1954..-M&S / Colonial S S Co, Ltd— Gen mtge 6s w s 1954 J&J 99% 99% 99% 99% 99% 99% 99% 99% 99% 99% 97 % 45 Brush-Moore American '51 1 1941. 1 1942 Budd (E G) Mfg 6s ext 1941. F&A Buffalo Gen Laundr 6 %s '41-J&D Bullock's Inc (Los Angeles)— American I G Chem Corp— Conv deb 5%s 1949 M&N o%% notes 1956 Am Lime & Stone 5%s Ask F&A Bowser (S and Tractor conv 5s 1945.M&N Climax Engineering 5s 1946.A&0 1947 Brown 101% incoms < 'leve 1940-1942 British Columbia r Alpine Montan Steel Corp— 1st sf 7s 1955— —M&S / Amer Airlines deb 4%s 1941-J&J 480 Amer Colortype 6s 1942 F&a 100% Amer Dept St's (Pa) 4s '48--J&D / 41 Amer Dept St's (Del) 6s '47-J&D / 44 See and Bloedel Donovan Lumber Mills 6s / Conv 5s ser A 1948.: M&N Allied St,sCorpdeb4%s'50_A&<> Debenture 4%s 1951 F&A s "f" Blethen Corp (Seattle)— Algoma Steel Corp Ltd— Allis-Chalmers Bid Blaw-KnoxCo 1st M 3 %s '50 F&A 102 93 % Alabama Mills 6s (w-s) 1953-J&D / Without stock J&D / Albany 1'erf Wrapping Corp— 1st M coll tr 6s 1948 A&O 6s assented 95" 63 Akron Times-Press 1st 6s *45 A&O Alabama By-Prod 6s 1955—J&J 6s 1955 Alberta Pacific marked Bethlehem Steel Corp— Serial debentures— Acadia Sugar lief 4%s 1955. A&O General 6s 1954 A&O 16 See where possible for the closing day of the month preceding the date of Issue Ask Bid INDUSTRIAL AND MISCELLANEOUS BONDS Abitibi Power & Paper— 1st M 5s 1953 ser A Certificates of deposit "and interest" except are as near as 75 Corp— f 4s 1956 J&D 53 Empire Properties Corp 2-3» 1945 62 58 Empire Sheet & Tin Plate— 6s 1943 116 A&O 55 60 Emporium Capwell Oorp— 101 38 39 55 60 61 1st 4s 1952 65 J&J 4% notes 1942Erie Elec Motors 5s 1941 104% J&J A&O 100 / 42 t Called June 1 at 101. b Basis, d Called July 31 at 102. Ex-interest, y Called June 1 at 103. /This price includes accrued INDUSTRIAL 82 MISCELLANEOUS BONDS & NOTICE—All bond prices are "and interest" except where marked "f" in^i d* Quotations for all securities are as near as possible for the closing day of the month preceaingjjie date of issue Bonds Bonds Bid Ernesto Breda 7s 1954—-—F&A European Mtge & Invest Co-— 1st lien 734s 1960 ser B—F&A 734» income 1966 1st Uen 7s 1967 ser O M&S 7s Income 1907 Everlastik Inc 1st 7s 1937-M&N Fairbanks Morse & Co— 20-year 4s s f deb 1956-—J&D Falstaff Brew deb 5s 1947—J&D Famous Players Canadian— 1st & coll 334s 1940-1942-J&D 1st & coll 4348 1951———J&D Farmers Nat Mtge Inst 7s 63A&0 Federal Grain Ltd 6s 1949—F&A Fed Home Mtge 6s to 1941—F&A Fed Portl Cement 5s 1947—M&S Federal Screw Wks conv 6 Hs 39 1st s f 5s 1949—————M&S Filtrol Co of Calif 5s 1946— J&D Finance Co of Amer at Baltimore 4% notes 1947————M&S Finland Residential Mtge Bank— 8 f 6s stamped 1961--——M&S Firestone T & Rub 3 34s 48—A&O First Bohemian Glass Works— 1st secured 7s 1957--J&J Flour Mills of America Inc— Conv g 634 % .notes 1946-A&O Follansbee Bros 6s 1947—- -J&D Fontenelle Brew 5s ww 1947-J&J Forest Lawn Co—See Real Estate 50 f f f 16 2 Conv s f 4s 1954 Inc deb 5s 1989 Hearst Pubiica 034 s to 1947. M&N 16 Healey Petroleum deb 5s 1948 J&J 94 f 2 Helvetia Coal Min 1st 5s '58-A&0 94 Heywood-Wakefield 5s 1946 J&D Hightstown Rug 634s w w 1944. Hill Mfg Co ext 6s 1945 M&N Hines Land & Timber 6s '48..J&J Hoberg Paper Mills 5s 1946 J&J Hoe (R) & Co 5-7s 1944 w s A&G 434-6348 1st mtge 1944—-A&O Holland-Amer Line 6s '47--M&N 81 75 1.06 97 r 99 10134 f 4 6 97 100 f 80 62" Holly Sugar Corp— 1st 3 34s 1941 1st 334 s 1942 f 38 54 59" 1st 4s 1947 Home Serv Corp 6s 1957 92 96 58 103 27 10334 f f f 25 5034 10434 7 24 27 27 65 44 45 s'49J&J tr 52 71 74" 80 90 109 10134 45 (Robt) incoire notes 6s 1972 f Galveston Wharf Co— 98 Ref 5Hs series A 1951 J&D 98 Ref 5J4s series B 1954——J&J 103 Garlock Packing 4H« 1947—J&D 100 Gen Amer Transport 3s 1940-J&J General Bronze rieb 6s '40--M&N Certificates of depositGeneral Cable Corp— 99 X 1st mtge s f 5)48 1947 ser A_ J&J Gair (Germany) 7s 45-J&J J 5 6>*s 1940--J&D M&N 12 53 100 X 100 12 Gen Elec Deb 10234 r Franklin Deb Corp 4-6s 53-J&D Eraser Co 6s Jan 1 1950——J&J French NatfrMail SS Lines 6s 52 Frick (H O) Coke 5s to 1944-J&J Frick-Reid Supply 6s 1943--JaD Deb s f 6s 1948 15 2734 General Finance— See Investing Companies. Geu Motors Acceptance Corp— 15-year deb 3 ha 1951—-F&A Gen Rayon deb 6s 1948 w w.J&D 103J4 10434 66 72 57 6834 A&O 56 58 Georgia Marble 1st 6s 1950.M&N Gerlack-Barklow Co 6s 1950-F&A 90 Gen Stl Cast 1st 53*s General '49 w w.J&J Steel Wares— 434s ser A 1952 German Atlantic _ German Bldg & L'd Bk 6348 Glen Alden Coal M s f 4s '65 Globe Industrial LoanSee Investing Companies. Globe Wernicke 6s Oct 1 '44-J&J 10 90 12 101 B 25 10134 1945-50———J&D Steamship Lines— 10-yr 6s 1939 w w_ —_A&0 Harborside Warehouses— Non-cum inc 6s Jan 1973— / 101 95 10234 96 73 76 26 28 12 9834 27 34 30 3 40 4 II Progresso Italo-Amer Pub— Debenture 6 34s 1943 ww. -A&O IU Oar & Equip 5s 1948J&J UsederSteei mtge 6s 1948 F&A independent Brewing 6s '55.J&J Indian Refining 5s Dec 1 1941— Indiana Ice & Fuel 634s *47-M&N ind Limestone inc 6s 1952-.M&N Prior lien a f 6s 1942 M&N Indianapolis Motor Speedway—■ 1st extended 634s 1946 F&A Industrial Acceptance 4s 1952 J&J Indus Rayon 434s A 1948 J&J Ind Br'nhoist 6s Oct *54_An AprInland Car Lines 5s 1944 Inland Steel 334s ser 1> 1961-F&a 1st mtge 3s ser F 1961 A&O Inspiration Consolidated Copper 1st mtge conv 4s 1952 A&O Inter City Baking 534s 1948.J&J Lnterlake Iron Corp— Conv deb s f 4s 1947 A&O International Match Corp— s Certificates of deposit 1st s f 4s Feb 11957 -M&N Manhattan Refrig 534s 1941. J&J Mansfield Min & Smelting— 7s without warrants 1941 -M&N / 19 68 65 70 74 85 80 12 85 41 111 100 75 1J4 39 J* 72 r 9134 r 99 % 55 9234 101 65 75 a 101 10154 Paper— 6» 1947 ser A—J&J 1947..J&J Ref mtge 6s 1955 ser A M&S s r s f 5s ser B Pap of Nfld— J&J 1968 85 r 102 55 10034 — 10434 101 9734 60 98 18 33 29 72 70 88 89 58 60 60 68 9534 9634 5s ■ f deb 1951™ M&N t 104 334s s f debs 1955 —A&O 10134 McKesson & Rob bins inc— 102% ' 6s stamped 1948 McGormicks, Ltd, 4s 1952 McCrory Stores Corp— F&A „ J&J r conv 86 10234 68 9834 9834 99 Vs 92 93 50 15 61 50 58 95 100 9834 8134 51 85 6134 r 99 r 100 88 96 96 Miller & Hart Inc. deb 6s '43 J&J Miller & Lux Inc 1st M 6s '45A&0 Milton Mfg Co 6s 1952 M&N 100 55 Minnesota & Ontario Paper Co— 1st 6s series A 1935......A&O / 1st 6s series A 1945... A&O / 1st 6s series B 1948 J&J 1st 6s series C 1950 M&N " 5-yr 6% 9354 94 40 50 98 25 10 95 f 6s 1953 19 634 .... 100 Pulp & Paper 534s 1941.-M&S Missionary Sisters (Waukegan, HI) 1st ref 3 344s 1951—-A&O Mohawk Rubber ext 5s 1948 A&O 8 18 19 9934 93 J&J 4834 Molybdenum Corp of Amer' 6% notes 1942 -J&D 10 100 notes 1931 M&S / Minnesota Tribune & Manistlq Moirs Ltd 1st 12 7034 10334 99 Monon Coal—See Chic Ind & 96 L Ry. Monong Riv Cons Coal & Coke— 119 A&O 96 1st 6s 1949—— Monroe Coal Mining J&D 40 Montreal Cotton deb 6« '43.M&N Keokee Cons Coke 5s 1959--J&J 10034 79 92 54 (Rudolph) Lac— 98 Montreal Dry Docks 6s '48-F&A / Morris Plan Corp— See Investing Companies Mtge Bond Co (Md) 3-5s Dec 1*53 Mortbon Corp— Coll A 234-58 ser 1 1941 J&D Coll B 234-5s ser 2 1940 J&D OjI] C 234-58 ser 3 1951 —J&D Coll D 234-5s ser 4 1956 ..J&D Moslnee Pap Mills 1st 5s '51 -A&O Motor Transit inc 634s 1952.J&J 3034 Munising Pap 6s A &B 1943. A&O MunsoD Steamship Line— 9334 Kentucky Rock Asphalt— 75 Hansa 334-6348 1945 _ Keyes Fibre Company— 95 1st 6s 1940-1949 M&N Kings Co Refrig 6s 1942 A&O lOl" Kingston Elevator 1st 6s '50 M&N 100 Kirby Lumber 1st 4s 1947-J&J 16 96 Knudsen Cream'y 534s '50.M&N 85 Koehring Co (Milw) 5s 1945-J&J 12 Koholyt Corp 634s 1943 M&S 102 Koppers Co 4s 1951--—-.M&N Kreege Foundation— 10-year coll tr 4s 1945 J&J 3 *4C coll trust notes 1947-F&A t 9834 10-yr 3s coll trust 1950—M&S Kreuger&Toil— 434 5s uniform ctfs of dep 1959—— 26 La France Textile 1st 6s *42-J&D Lake Erie Bolt & Nut— 60 5-6s April 1 1946— J&J Lake St John Power & Paper— 50 1st 534s 1961 ---J&J 69 Debenture 5s 1961An Apr 48 Lancaster Corp 3 34s A 1949-J&J „ F&A 6s '47 r 96 103 98 87 102 54 9934 5 30 52 70 . - 60 Secured 6s 1937—; J&J / Deb 634s Jan. 1 1937 wwA&O / Certificates of deposit ... f Namm (&A I) & Sons os 1947F&A Nassau (Ger) Landbank 6 34s 1938 Nat'l Acme 434s ext to '46—J&D National Bondholders ....... 50 m » m m 50 79 69 66 3834 334 334 M . - - .... - - - — 101 9 102 Centra] Funding— •A.11 series National Central'Savings Bank -F&A 3 85 a Called June 20 at 105. Quoted in guilders. — 3134 95 — (Hungary) 7 34s 1962 * Called July 1 at 102. J Called June 1 at 104. t Called June 3 at 104. price includes accrued interest, k Last sale, n Nominal, r Canadian price, x «. 99 — Natl Consol Bond Corp 3-5s 1953. — 83 Miag Mill Mach'y 7s 1956—J&D If Middle States Petrol 634s 1945. 54 53 1st 5s series A w w 1952—J&J 57" Kelsey Hayes Wh'l 1st 6s '48. J&J 99 15-yr conv deb 6s 1948 J&J - Metropolitan Ice 7s 1954—-J&J "2 10 6sCtfs of dep w w stpd 1943— OS stamped (par $925) 1943 6s with warr (par $925) 1943— Keith (B F) Corp 6s 1946.—M&S 24 - 58 9 2 25 Karstadt 55 47 43 < 70 97 254 8 . 50 78 94 80 18 Jones & Laughlin Steel— 1st mtge 434s ser A 1961—M&S Journal of Co mm 634s *47—J&J Kansas Pipe Line & Gas— 92 12 56 2 Iron City ser 6s Dec 1 102 38 88 1st conv 4-534s to 1945... A&O Memphis Commercial— Appeal 434s 1952 M&S Mengel Co conv 434s 1947..M&S Merchants Distilling Corp— 5% conv deb 1947 M&S Merchants Ice & Cold Storage— 1st 634s 1943-49 A&O Mercury Mills Ltd 534s '53.M&N Mersey Paper Ltd 5s 1957—J&D Gen s f 6s ser A 1949-. M&S Messenger Corp deb 4 34s *51 J&J Messer Oil 1st & ref 6s 1942—J&J Conv s f deb 6s 1947 —J&J 79 Ohio Riv ser 6s Dec 1 Isotta Pr ischini 1 s 1942 Jefferson & Clearfield Coal & Iron Indiana Co 1st s f 5s 1950- J& J McColl Frontenac Oil— 1st & coll 4 34s A1949.—A&O McCord Rad & Mfg— 3334 deb 534s 1950-M&N / 8334 Mead (The) Corp— 1st mtge 434s 1955 M&S 10034 Medusa Portland Cement— 9 -A&O Maple Leaf Milling— 53?stol949 J&D r Marine Elev (Buff) ext 5s '52M&S / Marion St'm Shovel 6s '47—A&O Stamped Massey-Harris 1st 434 s 1954.M&S Matthiessen & Hegeler Zinc— Extended 3-6s 1945 —M&S 20-yr ^ 85 50 100 65 65 Manati Sugar 1st 73*8 '42.-A&O Oeitificates of deposit Marine— 1st & ref 5s 2134 Stamped 1943 50 Leonard Tistz—See Tietx Leipzig Trade Fair 7s 1953-M&N / 9 Libby McNeil & Libby— 1st mtge s f 4s 1955 J&J 10034 liberty Baking 634s 1944—M&S 87 Liggett & Myers g 7s 1944—A&O 12234 Gold bonds 5s 1951— F&A 122 Lincoln-Boyle Ice 6s 1947—A&O 52 Lindsay Nunn Pub 6s 1944—M&S 9934 Lion Oil debs 434s 1952.. A&O 90 Liquid Carbonic conv 4s '47.J&D 10534 Loew'a Inc deb s f 33*s 1946-F&A 10134 Logan County Coal 7s 1942-M&N / 21 1st ext'd l-4s 1956 -M&N 12 Loiillard (P) Co g 7s 1944..A&0 12034 5s, 1951 F&A 12034 Lukens Steel 5s extend 1955 M&N 75 Mackintosh-Hemphill 5s'51.J&D 7 3 _ 1st M 3734 2034 2034 2034 2034 2034 " _ 73 loo" 25 40 Harpen Mining Corp— 6s with warr for Am shs J&J f 12 Harris-Seybold-Potter— 96 Conv s f deb 5s 1951 A&O 15 Hart Coal inc 6s 1945 Hatfield-Campbell Creek Coal 97 1st 634 s 1948 M&S Hawley Pulp & Paper Co— 110 1st 6s s f 1946J&J 29 Haytian Corp inc 8s Oct 1938- 10034 25 *48-F&A 48 F&A ..-J&D Jacobs (F L) 534% dividend notes 1942 J&D 8734 _ Ham'd Standish 3-6s 1947—A&O 550 J&D 1968 J&J Interstate Deb Corp 2-5s Jan 1 '55 interstate Zinc & Lead deb 7s '32 Iron City-Ohio River Corp— 102 - 7234 98 1st 434s 102 Gordon-Pagel 6s 1940-1944—J&D Gotham Silk Hosiery— 78 S f deb 5s w w 1946—- — -M&S 50 Graham Paige Co 1st 6s 43-F&A 97 Granby Consol Min & 8m 5s 1942 Grand Rapids Motor Coach-— Cum inc 7s 1962 w s——M&S f 70 Grand Rapids Operating Corp— 100 6s extended 1942-—--——J&J Grand Rapids Stores Equipt Co deb 5s 1949-...F&A Granite City Pig Iron-— 50 Cum inc 5s 1943---. M&S 98 Graton & Knight 4J4s '51—J&D Great Lakes Paper Co Ltd— 50 1st s f 5s 1955 A&O Giiess-Pfleger Tan g 5 Ha 48. J&D Cum income l-5s 1954—-J&D 2 Grigsby-Grunow conv 6s '36 M&S 53 Groc St's ITod conv 6s 1945- J&D 96 X Gulf States Steel 434 s 1961-A&0 Gurney Foundry Ltd—72 1st 4-5 34s (w s) 1949.—-M&N r Gypsum Lime & Alabast— 9834 5348 1948 M&S 22 Hale & Kilburn 6s '39 stmp.-J&D Hamilton By-Prod Coke Ovens— 1st s f 5s ser A 1955 M&N 10334 99 Gen sinking fund 6s 1956- A&O Hamilton Cotton 4Xa 1950-F&A 10034 Hamilton Mfg 5s w w 1951—M&S 9634 55 6534 5 f 1st mtge 6s 1946——J&J 2d mtge inc 6s Feb 1956— Hungarian Central Mutual Credit Mfg 7s 1937 J&J / Hungarian Disc & ifixch Bank— 35-yr s f 7s 1963 J&J f Hungarian-Italian Bank Ltd— Sinking fund 734s 1963.._A&0 Hydr Press Brick 6s 1944—A&O Hygrade Food Products Corp— 1st & ref 6s Jan 1949 A A&O 68 1949 series B— J&J Internat Pow & 4334 ~ 48 M&N — (Mich)— PP1?8^ f434s 1954 ser O—J&J Lehigh Valley Goal— 1st 6s stamped 1944 1st & ref 5s 1954 F&A Stamped 1954 1st & ref 5s 1964 F&A Stamped 1964— / 1st & ref 5s 1974 F&A Stamped 1974Sec 6% notes ext to 1943..J&J . 10334 international 94 A 1941-M&S 85 of Texas— 1st M coll trust 6s 1941. Ha 1956—J&D 58 series 68 28 X 60 45 r 104 A&O 4 34 s sf debs 1954 Hudson Coal 1st 5s 1962 A Hudson River Day Line—* internat Mercantile Good Hope St & Ir Wks (Germ'y) 8 f g 7s Oct 15 1945—-A&015 Gordon Baking Co 80 100 —.A&O A&O 1st & ref Gobel (Adolf) Inc— Conv deb 43«jS ser Goodrich (B F) 4 ' -o 90 96 — f 5s 1947 M&N Certificates of deposit Conv deb 5s 1941 J&J 15 10 67 Houston Oil J&D Lehigh O & Nav fund 4s '48 J&J Cons s f g 434s 1954 J&J 16 87 Bid Lautaro Nitrate Co— 1st mtge income 1975 45 13 A&O Home Service (Portland. Ore)— 1st coll 3-5s 1950 A&O Housing & Realty Improv— (Berlin) 1st 7s 1946.— M&N f Deb 102 Cable 7s 1945. 1948 / M&S - 40 - r FrSSSo^ugar 6s 1956---M&N Franklin Co Coal Co 7s w 10634 Bid Bonds Ask Haytian Corp of America— Ask b Basis, d Called June 1 at 102. /This INDUSTRIAL June, 1940] & MISCELLANEOUS 83 BONDS NOTICE—All bond prices are "and Interest" except where marked "f" end Income and defaulted Quotations for all securities are ad near as possible for the closing day of the month preceding the date of Bonds Bid 91 95 Bonds Ask '52-A&O Nat Dairy Prod 3 w w'ftl M&N Natl Debenture Corp 4-6s 1953.. Nat Container deb 5 Ms 104 104M 52M National Distillers Products— Conv 3 Ms debs 99 M M&S 1949 100 1st M conv 5M® A 1946-M&N Cum conv inc 6s 1952 M&N / Natl Grocers Ltd 4s 1947—A&O Mtge M&N / Nat Ice & Cold Storage (Calif)— 1st s f ext 3Ms-6s 1952 J&D National Industrial Loan— 80 90 14 16 66 69 — See Investing Companies Nat Oil Prod deb 4s 1952...J&D V 104 National Radiator Corp— Cum income deb 5s 1942 1943 1 101% 1941 101M A&O A&O 2X% 2 H% 1947 1948— A&O A&O 100 M 100 % A&O 102 101 Port 102 h 102 % '54—J&J 32 80 102 68 M New Niquero Sug 3Ms'40-'42-J&J / Newport Industries— Subord notes 5s 1947 ..J&J t 4* 1951.F&A 25 47 H A&O 49" 54 5M% 1942 M&N f N Y L E & W Dock & Impt— Extended at 5% to 1943—J&J / N Y Shipbuilding 1st 5s '46.M&N New York Trap Rock Corp— 1st mtge s f 6s 1946 J&D 6s stamped 1946 J&D Partic deb 2d mtge 7s 1946 J&D {New York World's Fair 1939— Deb 4s 1941 J&J 1st 6s ext 75 80 97 90 M 78 83 90 22 25 60 102 103 M North American Car— Equip trust 4M« Aug 1 '40-'46_ b Equip trust 4 Ms Nov 25 '40-'43 b Equipt tr 4Kb 1940-47 J&D15 b Equip trust 5 Ms Sept 1 '40-'44_ b North American Cement Corp— Deb 6Ms A with warr '40-M&9 M&S 1943 6Ks Income 6 Ms M&S / 1953 54" Refrigerator Line b 3.50 3.75 b 3.50 b f 3 Ms 1963 OceanSSCo (Savannah) 92 95" 88 91 10 12 97 98 89 89 J&J 45 '43J&J 80 1948F&A 87 5s O'Connor Moffat deb 6s 2.50% 3.00% 2.75% 94 M&N Northern Redwood Lumber— 6s 1937 J&D / N'west Pub's Deb 4Ms 1948.J&J Northwestern Barb Wire Co— 1st mtge s f 5Msw W1945.F&A 5M8 without warr 1945.F&A Nova Scotia Steel & Coal— O'Gara Coal 1st inc 5s 1955 M&S / 1948 1953. / Oregon-Am Lumber 6s 1942. A&O / Oregon Pulp & P 6s to *45--M&N Oreg Terminals inc 5s 1945-.A&0 Orono Pulp & Paper— 6s stamped 1943 ...J&J f Osgood Co deb g 6s 1943 J&D Oswego FallsCorp 4 Ms 1952.M&S Old Ben Coal Corp 6s (w s) Inc deb 7Ms (w s) Aug 1 Without warrants Otis Steel s 29 45 22M Debenture 6s 1943 s 5.00 M&N Eq tr 3 Ms ser K 1940-48. - A&O Northern Elec & Nor Pap Mills— 1st 4s 1940-1947 M&N 1st mtge 5s to 1948 M&N conv 4.50 4.00% 4.00% 4.00% 4.00% 42 Equip trust 4s ser I Jan 1 *41-*43 Equip tr 4s ser J 1940.46-J&D 1st 4.50 M&N / 20-yrs f 6s 1947 New 6-4% 1947 North Western 4.50 99 89 Nor Amer Refract 6 Ms 1944-J&J / North German Lloyd— 9 30 7 34 47 il" 33 8M 38 99 19 22" 98 71 Oxford Miami Piper 6s 1947-F&A d 101 77 Pac Coast Cement 6s A1942. J&D 48 Pacific Coast Co 5s 1948 J&D 1949.F&A Pan-Amer Industrial 7s '37-M&S / 93 79" 60 96 50 1st conv a f 6s 1940... J&D 15 Certificates of deposit Pan Amer Petroleum & / / 65" Penn Mercantile Properties— Secured s f 3-4s 1961 J&J Pennsylvania-Dixie Cement Corp 1st m s f 8s 1941 ser A.M&S15 Pennsylvania Glass Sand Corp— 1st s f 4M« I960... J&D 80 52 M 52 M 47 55 57 66 68 98 9 102 M 100 100M 102 M 48 60 101 101M 101M 104 l66" 110M 95 166" * Called June 24 at 103. d Called June 22 r—1 / 1946 A&O Stinnes (Hugo) Industries— 92 M 103 M 58 94 104 M 60 95 M 100M 102 100 47" 103 % 102 101M r-li—ICO co o 35 99% 40 48 —_ 102M 100M 38 100 15 69 T 75 F&A Superior Elevator & Forwading— 6s Jan 1 1951 M&N Superior Oil 3 Ms debs 1950.A&O Susquehanna Silk Mills— Sink fund deb 5s 1938—.J&D Swift & Co 3 Ms 1950 M&N Taggart Bros Co 6s 1944 J&D Taylor-Warton Iron & Steel— Coll inc 7Ms July 1 1958—A&O Tenn Coal & RR 5s 1951—J&J Tenn Prod 1st 6 Ms 1930 &J 15 / 26 93 M / 40 _ / 71 120 / 99" 100 50 r 96 98 105 "52J&J (Leonard) 7M8 x-w '46-J&J / Tilden Lumb & Mills 6 Ms'46M&S f Tietz Tivoll Brewing conv 5s 1947 Tomahawk Kraft Pape 7 103M 103 M 87 M 100 100 105M 40 78 J&D 75 20 80 86 33 r 16" 75 124 H — 85 1st s f 5Ms ser A 1951 M&S iconderoga Pulp & Paper 6s 1940 105M 96 Warehouse 2d 5s '42.-J&J Tide Water Assoc Oil3M« 31 95 2 105 Thermoid Co 5s w w 1 hree Rivers Grain & ] 57 30 3 deb 3Ms 1951—J&D *103®M 103 3% debentures 1959--—A&O 2 96 90 1st 78 1942 ctfs of dep M&S / Sugar Pine Lumber Co— 1st M serial 6s 1940-1942-M&S / _ Texas Oorp 9 '7 77 89 1 _ w 105 M 103 M 9 100M 75 A&O / Ms 1937 Sugar Estates of Oriente— Summerfield Hecht— Extended 3-5s 1951 45 99 M 1949-A&O Oorp 6s 1945 J&J 1st mtges f 5Ms w w Stutz Motor Car 7 104 33 Struthers Wells Titusville— Studebaker 5 25 100 Strange (John) Paper 6s '44—J&J Strawbridge & Clothier— 1st s f 5s 1948 M&S 12 May 11 18 2d stamped 15 15 99 F&A 30 7s 103 93 M 95M Ulen & Co7 47 M 80 8M 49 M Union Oil Co of California— Saxon 6s May 9 I 1942 ser 10917SJ A 101 9 7 30 5 7 M&N ....J&J Sayre & Fisher Brick 6s 1947. J&J Schoenstadt (H) & Son 6s 1950 77 J&J 23 33M 23 United Amusement Corp— 1st sf 5s ser A1956 lll8»j 101 % 12 M 14 66 68 103 M 104M 46 36 / 29 36 38 Schulco Co 6Ms 1946 t Called July 26 at 102. 101. e Called June 1 at 3 Ms extended to 1958 Worsted Mills— 92 Stamped Called June 1 at 104. 40 M 16 J&J J&D 1940 f 1947 91M Gen & ref 6Ms 1951 103 % s Deb 5 Ms A 1943 Stinnes (Hugo) Corp— 105 7 __ 65 39 Stillwater 6% notes 1937 94 99 % 62 inc 3-5s Apr 1950. 95 M A&O Looms Inc 6s 1954.—A&O . 45 cum 91* Term Pub Wks (Germany)— 1st extl s f 7s 1945 ..F&A 12 99 M J&D 93 Rky Mt & P 5s '55 stpd .J<* J 3altex 95 Stevens & Thompson Paper— 94 M M&N Saratoga Victory Mills— 6 Ms with warrants 1943—J&J 58 83 / 15 west Lumb Mills 5s 1955--M&N / 30 Spalding (A G) & Bros 5s '89M&N / 41 t. 103 M Staley (A E) 1st mtge 4s '46-F&A Standard Ice 1st 6s 1947----F&A / 7 Standard Oil Co (N J)—Debenture 3s 1961 J&D 101M' 101M 15-yr 2Mb deb 1953 J&J 100 y8 Serial notes 1M % 1943 J&J 101M 2% 1944 J&J Secured 86 3t Paul Un Stk Yds 5s 1946. 80 _ Stern Brothers 6s St Louis Oar Co— 68 :::: 75 Southern New England Ice— 1st s f 4Mb 1967 A&O Southern United Ice Co— 1st 4s w 8 1950 A&O Steel Co of Can 6s 33 1st extd 6s stamped 1945-M&N 3t Louis Gas & Coke Corp— IstM sf 6s 1947 J&D 95 % M&N A&O 8ou Ice & Util conv 6s 1946.F& \ Southern Improvement 1st 6s '41- f 61 A&O Louis Amuse't 1st 6s '45-A&0 84 Starrett Corporation— „ 79" 103 M 102 Southern Ice Co— 1st & ref 5-8s 1942 24 / e J&D ...J&D 1st gtd 7s 1940 1st gtd 6Ms 1940 102 Richmond Cedar Works 6s 1953Rlchmond Hos Mills 5s 1948-F&A 6MS 1946 Rom Cath Church Welfare 7s 1946 Ruhr Chemical 6s 1948 A&O Ruhr Housing 6 Ms 1968... J&J Sahara Coal inc deb 5s '40.M&N 1955 80 101 M J&J 101 % J&J 102 M J&J Stand Textile Prod 6 Ms '42 M&S / 26 100 Stanley Co (Camden) 6s '40 J&D 99 Stanley Crandail 6s 1946..F&A 99 Stanly-Rowl-Clark 6s 1946.-F&A _ River Raisin Pap 1st 6s '45—F&A Roberts & Oake (Chi) 6s '44.M&N Roch & Pitts C & I 5s 1946.M&N 1st mtge 8 f 4Ms 102 % J&J _ 2%% 1940 2M% 1947 100M 100 M 100 y8 100% Richardson & Boynton Co— Cum income 4s 1945 J&J Richfield Oil of California— Conv a f 4s 1952 -.--.M&S 70 tolOOM 2M% 1945 100 fc 100M Southwest Dairy Products— Conv income 5s 1944 36 Republic Steel Corp— . Gen mtge 4Mb ser B 1961.F&A Gen mtge 4 Ms ser O 1956 M&N Purchase money 5Ms '54.M&N Restigouche Paper Ltd 6s '48F&A Revere Copper & Brass— 1st mtge 4Mb s f 1956 J&J Reynolds Met deb 3 Ms '51—J&D Rheem Mfg conv 5s 1948—A&O Rheinelbe Union 7s 1946 J&J 3 Ms assented 1946 Rhine-Main-Danube 7s '50 M&S Rhode Island Ice 5s w-s '51 —F&A Corp 1st s f 7s '65 F&A RIordon Pulp & Paper Ltd— 1st 68 June 30 1942—-J&D30 Socony-Vacuum Oil Co— 3s debentures 1964. Southern Kraft Corp— 1st leasehold 4Mb 1946 98 „ Rima Steel 68 Southern Brighton Mills— Stamped (July 1933 coup on) s r 6Ms 1946 ser B-.A&O 6 Basis, 102 b 100 SO" % June 1 & Dec 1 1940.. 6-1M % June 1 & Dec 1 '41 -1M % June 1 & Dec 1 '42 -1 % % June 1 & Dec 1 '43 -2% June 1 & Dec 1 19442-2 M % June 1 & Dec 1 1945. 2 M-2 M % June 1 & Dec 1 *46 2 M-2 V% % June 1 & Dec 1 '47 2M-2M% June 1 & Dec 1 '48 Railway Vrhouse 4-6s (w-s) *47. Realty Bond & Mtge deb 4-0s '53 _ Reliance Grain Ltd 4Ms 1952. J&J Remington Rand Inc— 20-yr deb 4^iw wl 956..M&* 4 Ms without warr'ts 1956 M&S Guar y 101H (Howard) Paper Mills Ltd 1st 4Mb 1951 J&I 9mith (L O) & Corona Typewr'ri 53 % 93 M -1 9t L 89 97 Smith South Coast Corp— Gen mtge inc 6s April 1950 Southern Advance Bag & Paper— 1st s f 6s 1947 J&n ■ „ 28 M 101 75 100M 1946.M&N Radlo-Kelth-Orpheum Corp— Part paid ctfs (for 6% deb and common stock) 05% paid— 25 Debenturj gold 6s 1941.-J&D / 43 6s stamped 1941 - J&D 93 M Midwest Corp ref 6s 1940.M&N Railway Express Agency Inc— Roman Catholic Church 92 97 99 99 Cold Storage & 43 S f conv r 72 M r 80 53" M Warehouse 1st 5Ms Serial notes— 85 / 21M / 150 Simpsons Ltd— 55 .. Quincy Market 90 3.00% 4.00% Halske— 11M 85 Ltd 5Ms 1947.-M&N Purity Bakeries 5s 1948— .J&J Quaker City Cold Storage— 1 st s f5s 1953 M&N (Portland Me) 4s 1958—A&O 3-3 Ms 1940-1948. A&O Transportation Co— deb 6s 1944 A&O '56.M&S Peabody Coal Co (Oonsol Co)— 1st s r 5s 1953 ser A .M&N Peerless Cement 1st 5s 1948--J&J Penman's Ltd 1st 5Ms '51 M&N Penn Amer Coal 6s 1941-56.-J&J Penn Dairies 1st s f 6s 1949--J&J 80 95 M 94 M Roman Catholic Bishop Transpt— Paton Mfg Ltd 1st 4 Ms 4.75 b Siemens & 85 .....A&O 1946 ... 30 30 7-yr dlv notes 3M* 1943—J&D 95M 96 7-yr div notes 3 Ms 1944.-J&D Panhandle Eastern Pipe Line— 1st mtge & lien 4s 1952—M&S 103M Paramount Famous Lasky 6s 1947 / 110 Paramount Publix 5 Ms 1950 / 110 76 Paramount Pictures 3 Ms '47.M&S 4.25 Shuron-Optical 6s 1951. 98 51 Prov Paper Rocky Mtn Fuel 5s 1943. A&o Rolland Pap 1st 4 Ms A '51.M&N 1 Pan Amer Petrol Co (of Calif)— Parmelee 4-6s 1953 Potomac Franklin Deb 4-6s 1953. Potomac Md Deb Con) 4-6s 1953 Potomac Realty Atl Deb Corp— 4-6s 1953 Potrero Sug 7s stmp 1947._M&N Pratt Cons Coal 1st s f 5s *55 J&J Pressed Steel Car Co 5s '51..J&J Price Bros & Co Ltd— 1st 5s 1957 M&S 2d conv deb 4s 1957 ...M&S 1st 3Ms 1941-1943. M&S Produce Term & Cold Storage— 1st income 6s 1958 J&D Protestant Church of Germany— Potomac Richmond Radiator 5s 1948 96 Pacific Western Oil 3M b 105M Royal Pulp & Paper— Richmond (Va) Ice Co— 1st & ref 5-6 Ms 1947 65" 60 f 4Mb A 1962—J&J Shippers Car Line— r . 72 74 94 M 84 99M 96 100 Union Oil Corp— 2 Ms debs 1954 J Sheridan-Wyoming Coal Co— IX M&S Bond Corp 3-5s 1953— Cons Deb Corp 4-6s '53. 7s 58 54 M&N 1943M&S Nivelle Corp 4s 1952 Nordberg Mfg Co 1st 6s 29 29 76 M 98 J&J Conv 5% notes 1947 NYLE&WC & RR— & Transfer— M&N/ Potomac Deb Corp . Nekoosa-Edwards Pap 6s'43_J&J New Eng Laundries 5s 1956.J&J Shell 65 98 105 93 M 105 98 5s to 1941 Potomac --.J&D National Terminals Corp— Gen & coll sf6Ms 1940—A&O f Coll tr s f 6 Ms 1943 A&O / Natl Tool conv deb ftaww '42F&A g 1st ref 5s 1936 68 60 Acceptance Corp— .... 93 1st mtge conv 4 M81952—M&S Pitta Crucible Steel 5s to "45.M&S Pitts Steel s f 6s 1948. ...F&A 66 / Securities 1st 100M 100 M 100M A&O 1945 1946 Dork Co 1 st 104M Phillips Petr 3s conv 102 Phoenix Iron 1 st s f 6s 1946-M& N 5M Phoenix Silk Mfg 7s 1943...F&A / 15 Pickering Lumber 6s A '46. _M&N Pierce Butler & Pierce 6 Ms '42. 1 Pine Hill Collieries 1st 6s '42 A&O 110 Pittsh Brewing 6s Feb 4 '49. T&J 100 Pittsburgh Coal deb 6s '49..F&A Pittsburgh Coke & Iron Co— 103 3 67 103 M gold 5s 1957 J&J 98 Poor & Co s f deb 4s 1948—A&O 99 M Portld Woolen Mills 6 Ms'41 M&N Porto RJcan Amer Tobacco— 75 Conv 6s 1942 J&J 6s stamped 1942 / 75 1944 N Y 65 100 V\% Nat Union Mtge 4-6s A 3-5s series B 1954 2% 1953.F&a deb '48.M&S 97 105 % 101 107 % 12 M Pocahontas Consol Collieries— 2% 2M% 2M% 1949 National Supply— 1st M 3Ms 1954 10 . Ask 104M 36 107M 100 A&O A&O A&O 1 6s w w 1943 .M&S Phelps Dodge 3M« 1952 J&D Phila & Read C & I 5s 1973. .J&J Conv deb 6s 1049 .M&S Pitts Term W'house A&O M% 1M% Serial notes 1% 20 1940--M&8 f National Steel Corp— 1 st coll M 3s 1905_ 95 rt 3 50 Bid Bonds Ask Pettibone Mulliken— Phillips Elec Works 5s National Fire Proofing Co— National Hungarian Ind Inst 7s 1948 Bid bonda Issue t Quotations based on $89.50 of principal amount, 5% was paid on July 2 and 5Ms% on Sept. 25. 102. /This price Includes accrued Interest, k Last sale, n Nominal, r Canadian funds. at INDUSTRIAL 84 MISCELLANEOUS 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 United Cigar-Whelan Stores— United Corps Ltd inc 6s 1953 F&A United Elec Goal Cos inc 7s 1940. 59 UnitedDrugs5s 1953.... M&S15 United Grain Growers Ltd— 76M J&J 68% 69 % 5s series A 1948 (Chicago)— J&J U 8 Cold Storage (Kan City)— 1st sink fund 6s ser A 1940.F&A 1st sink fund 6s ser B 1949.F&A 70% t 20-yr 1st mtge 4s 1955.._.A&0 Warner Bros Pictures— 57 59 M&S 79 80 55 60 49 20 23" 6s debentures 1948 30 Warner Co 16 20 Warner-Quinlan Co 6s 1939.M&S / Warner Sugar Corp 7s 1939.J&J / 1st 6s .A&<> 1944.. J&J 52 F&A ...J&D / . 3 Ms assented A f 1951 6 Ms series G 1951.. —J&D / 3 Ms assented O 1951 / J&J / 6MS series A 1947 3 Ms assented A 1947 / United Stockyards Corp— May521 2.65% 21% 15 % 12 15 12 15 12 21 EXCHANGE M&S N Y Stock Exch... 1,375 $42,000 5,800 1,800 550 7,000 Commodity Exch— 907 800 NY Prod Exch 1,318 165 Assoc membersh. 125 Baltimore Stk Exch 76 n Boston Stock Exch. 139 2,500 Chicago Bd of Tr._ 1,549 1,300 N Y Cotton Exch.. 450 344 "5" N Y Cof & Sug Ex. N Y Curb Exch___ 98 H 32 46 Chic Merc Exch s Chicago Stock Exch 101 ser 80 40" 18,000 725 104 New Orl Stock 105% 74:% 107 Phila Stock 75% Ex. 70 Exch.. Plttsb Stock Exch. 200 100 43 83 San Fran Stock Ex. 69 73 Seattle Curb & M. J Toronto Stock Exch '38.A&O / Seattle Stock Exch * June Witherbee Sherman Inc— Extend income 0s 1903..-M&N 6%a w w J&D 1944-—— \ 30 Ex 463 y Bonds Bid are North Carolina %s, lMs. Pacific Coast Portland 5s 74 100 44 Dallas. 100 X 100 50 Denver 47 51 Des Moines 99 44 Bid 100 Atlantic 88" 85 Par 100 50 56 .100 14 18 Stocks Atlanta 82 — Oregon Washington..... 3% 3,500 b Basis! d Called June 7 at ll)4. e Called Sale price, t Called July 1 at 100. a:.Ex- Ask 85 81 Lincoln 5 Ms New York 5s 17 15 3 ... Bid Bonds Lincoln 5s 99 Burlington Chicago 250 for the last day of the month preceding the date of issue. Ask 99 Atlanta lMs, 2s Atlantic Ms. lMs "200 3,800 t Called Aug. 1 at 103. X Called Aug. 1 at 102. a Called June 15 at 100. includes accrued interest, k Last sale, n Nominal, r Canadian price, s 80 seats, 70 members. Quotations 750 1,000 20,000 Called July 15 at 103. at 102. /This price 1 inter est. 400 "400 165 113 40 Washington Stk 102 e "875 "600 500 16,500 Woodland Farm Dairy— 100% 6",000 "700 500 Salt Lake Stock Ex. Winnipeg Gr Exch. 35 1,200 450 43 101 M&S l'.ioo 100 700 St Louis Exchange. 5%s 1943. Wise Lime & Cement 6s 98 100 p80 "150 1,000 6.000 500 4",500 1,150 Montreal Curb Ex. Montreal Stock Ex. New Orl Cotton Ex 650 375 150 523 18 25 Winslow Bros & Smith— 6 37 155 Ex. 102 J&J 58 Stk. Minn-St P Stk 11 1947 .A&O Wilson (W P) inc 6 Ms 1945.M&N 100 % 5 4,000 1,000 20 Conv debs 3 Ms 18 600 1,800 2,500 Minn Ch of Comm. 80 f - 3,700 1,500 1,500 65 Milw Grain & J&J M&8 A 1930 Secured 6s 1945 Wilbur-Suchard 4s 1952 Wilson & Co 49 ser A 1955 2,500 1,050 41 213 73 Los Ang Stock Exch 102 7 7 "850 345 Kan City (Bd of Tr) M&N 775 2,250 600 350 Detroit Stock Exch 111 $5,800 1,900 625 Ft Worth Gr & Cot 99% 99 f 4Ms ser A 1966--F&A Paper 7s 1942 M&N 5-year 7s 473 Cleveland Stk ExcL Wick wire Spencer Steel— 7s certificates of deposit 1935— Prior lien 7s certificates 1935 96 33 r 101 SEATS 94* 91 1947..A&O d 104 West Va Pgh Coal 0s 1947— / 3 West Va Pulp & Paper Co— 98 1st mtge 3s 1954 J&D 101 Western Dairies Prod 6%a '41J&D Western Grain Co 6s 1949—J&J / 30 Western Newspaper Union— 42 Conv deb 6s 1944 ...F&A Weyenberg Shoe Mfg— 103 H Debenture 4Mb 1945 j&d 62 1st 7 Ha 1943 M&N Wabasso Cot'n 3M-4Ms '51 F&A — 102 101M 101M No. Last Sale 92 89 90 West Indies Sugar 6s 1st M 67% 90 Va Hardwood Lumber 6s *42. J&D Va Iron Coal & Coke 5s '49.M&S Vulcanite Portland Cement— 92 Conv 48 debs 1948. 82 r 55 90 25 White Sewing Machine— Deb 6s 1940 90 / 107 50 102 Whitaker 86 Vertlentes-Camaguey Sugar— 1st coll conv 5s 1951 A&O Vert.ientes Sugar 1st 7s 1942— 106 86 100 88 Van Camp's Inc 1st 6s 1943. .J&J Van Dorn Iron Wks 7s June 11942 — 95 J&D 1943 M&N M&N Watab Paper 1st 6 Ms 1942.-J&J Webster C&O 1st g 5s '42 op M&S 30 Utah Ice & Storage (Colo)— 4-5s 1954 J&D Utilities Elkhorn Coal 6s 1948 J&J / Valvoline Oil ext 5s 1947..M&N — — A&O 6s 1947 6s 1st Ms f 4sser C 1961 —-M&N 5%s notes 1937 (8 D) Co— ^ Viau Biscuit Corp 0Hs '40—J&J Vicana Sugar Co 6s 1P55 J&J Victor Fuel 1st s f g 5s 1953..J&J Debenture Wheeling Steel Corp— 15-yr coll tr 4Ha A ww *51 A&O Universal Sewer Pipe 6s 1943.J&J Certificates of deposit York Ice Mach 25 1941 1 st mtge s f 4 Ms 1952 Conv deb 4 Ha 1952 United Steel Works (Germany)— 6Ms series A 1951 •» _ 90 Yates-Am Mach 3-6%a *44-A&O 19 20 f deb 6s 8 • Warren 95 U 8 Steel Corp 3 Ms debs *48 J&D *&1031332 Serial debs due (s-a) Nov 1 1940 to May 1 1955 M&N 6.375 to J&J M&S M&S 103 102 7 U 8 Finishing 5s 1944 98 M 98 93 r Youngstown Sheet & Tube— . U 8 Radiator Corp— conv deb s f 5s 1940 6s 1942 Warren Bros Co— Conv U 8 Print & Litho 6s 1950..A&O r Woodward & Tier nan Print— a 100 79% 60 f deb 1955.A&O r 4Hs series A 1952 J&J r 92 Woodward Iron 1st lien 5s *02J& J / 104 2d conv inc 5s 1962__Ann Apr / 104 56 / J&J 3 %a series A 1942-1945—J&J 48 series A 1946-1947 J&J 106 Ask Bid Woods Mfg Co Ltd— 1st 3s to 1941 102 16 M&N jf 1945 6s 69 M s 102 a United Industrial 1st 6s 1945. J&D Deb 6 Ms 1941 8 Cold Storage 77 Walker (Hiram)-G & W— Deb 4Ms 1945 ...J&D Waltham W'tch & Cl'k 6s '43 J&D Walton Lumber 1st 6 Ha '41 Q-Jan Walworth Co 6s 5 Ms series B 1949 M&N United Merch & Mfrs 6s 1945 J&D U 61 97 M Bonds Ask 76 Walker Coal & Ice 8s 1940—M&S _ -A&O S f 6s Oct 1 1952 Bid Bonds Ask 100 47" _ Ask 78 ■ 48 58 99 99 99 First Texas 2s, 2%s First Trust Chicago 4Ms, Fletcher Ms, 3Ms.. 4Ms— Fremont 100 Phoenix 5s 103 Lincoln 100 2M 4M 7 99 First Carolina 1%b, 2s First Montgomery 3s, 3 Ha First New Orleans Is, 2s Pennsylvania lMs. lMs. 99 Denver 2s, 3s Phoenix 4 Ms Potomac 1 Ms 102 New York 100 3 6 100 99 San Antonio 99 78 J Ex-$90 dividend, r 12M 13M 34 110 100 86 Virginia Virginia-Carolina 100 99 90 30 100 100 Pennsylvania Potomac San Antonio. 81 (Ark.) 5s Union Detroit 2 Ms Virginian Is, lMs Virginia Carolina Is 5 80 North Carolina 24 99 Ms, 2s Southwest 98 Lafayette Ms, 2s Lincoln 4 Ms. 99 M 22 Southern Minnesota 99 M 100 Indianapolis 5s Iowa 4Ms, 4%a 98 M St. Louis 63 Fremont 4%s, 5%s Illinois Midwest 4Ms, 5s First Carolinas 92 85 5 , 2M 100 3 105 99 100 Quotation shown for all maturities. Company in receivership. Investing Companies Stocks and Bonds Concluded from page 72 Stocks and Bonds Par Per Seaboard Finance Corp $2 cum pref w w ' Ask Bid Stocks and Bonds Par 1 3 Per 19 ipanish & Gen Corp Ltd— Am dep rets ord reg £1 Amer dep rets ord bearer—£1 Spencer Trask Fund Inc * 4 * 22 19 22 100 45 49 Second Investors $3 prior pref_25 40 Standard Amer Trust Shares 10 Standard Investing Corp— $5.50 preferred w w Standard Utilities Inc $2 cum preferred Second Carey Trust $1.50 convertible preferred Securities Co of N Y cons 5 4s— Securities Corp General com Securities Invest com Preferred 31 * Selected Amer Shares Inc----2 % Selected Inceme Shares-—1 Selected Industries com * $5.50 prior stock .-—...25 Convertible stock 35 Mo 5 Allotment certificates Va ♦State St Investment Corp 35 * 100 100 M 7.01 3.38 - M 45 2Va 2M 45 38 Shawmut Bank'Inv Trust— M Common 4Mb Mar 5s March 1 1942. 1 1952 93 H 85 M&S M&S Sovereign Invest. Inc., com.-10c 1 .51 .57 7M * .19 50c * 54 2.85 _ J&J 1953 • No par value, e Ex-coupons. .46 .51 .65 1 "H 13.06 ♦Trustee Stand Invest ser O—--1 ♦Class D 1 3 ♦Trustee Standard Oil shares A.l ♦Series B ■ 1 8M .29 Union Investment common--- —* 97c .73 1.05 — . 57 M — - •- - _ Conv deb 5s 1940 United Insurance Trust Shs 50 8 & U 5 51 „ 50 3M * 105 Mo Western Reserve Inventing—• Deb 5Ms 1944 F&A M 100 M Flat price, 2% 1.69 83 M 4M 1M 4.04 101 83 M k Last sale, n Nominal, x • _ 47 Va Mo 1% 11.34 101 Ex-dividend. • Mo 52 H % 38 - 3M 88 M & International Sec 1st 10M Va 4Va lVa 2.04 12M * pref with warrants ♦ Util Equities Corp com—.— 10c $5.50 priority stock — 1 Utility & Industrial Corp .6 Convertible preferred 7 Wellington Fund 1 8. 2.10 1.94 4.55 Foreign Securities com..* $6 1st preferred U. 2.00 * U S Elec Light & Pow tr ctf A. Trust ctfs series B « 32 M&S N Y Bank Shares C3— Units* - 8.24 4M 28 M 3 Ask share 25c 3.00 • Bid Per Trusteed Industry Shares Trustee N Y Bank Shares 2.60 7.58 Talcott (James) com 9 5M% partic preferred—_—50 Tobacco & Allied Stocks Inc——* Tobacco Securities Trust Ltd— Am dep rets ordinary --£1 Am dep rets deferred—£1 Transamerica Corp ----2 Trl-Contlnental Corp— 6% cum preferred Quotations not furnished by sponsor or issuer. 2 Supervised Shares Warrants 5s conv deb ♦ "Mo 12.31 1 —1 2 Class B Par share Trusteed Amer Bank Shares B 25c Corp of Amer class A—2 Class AA - Va 37 luper 7.64 - Stocks and Bonds Ask Bid share 43 % 1H 12.50 possible for the closing day of the month preceding the date of Issue Quotations for all securities are as near as Stocks Par Bid Stocks Ask Per 18 * 70 * 100 1 100 Apponaug Co Arlington Mills Atlantic Rayon Bates Mfg Beacon Mfg— 5 "7 18 20 Washington MillslOO 31 85 85 90 Wellington Mills.. * Preferred 100 West Point Mfg..20 Wlnget Yarn Mills Mtge 6s 70" 75 93 61 Mfg..-.20 6% preferred Clifton Mfg (SO) 100 4% 4% 3X 3 Climax Spinning--50 90 19 Common—...100 45 40 90 Converse (D E)_100 79 83 5 15 Crescent Spinning. Dallas Mfg (Ala) TOO Darl'gton Mfg(SO) 6 38 43 16 19 2 ..* * Booth Mills 3 3X 40 29 Borden (Richard) Mfg Co com * Border City Mfg 100 6 4 5 8 IH 1% 7 VA Botany Worsted— 5 Mills class A 10 Preferred Bourne Mills 2H * Bradley Knitting— 1st preferred-. 100 Brighton Mills— Preferred Cabot Mfg 3 26% Gleve Worsted Mill * Draper Corp Farr Alpaca 7 * Common 60 100 Franklin Process * Fruit of the Loom units 9 65 X X ■ 27 29% 6 - Cotton * Globe Knitting- .2 X Goodall Worsted.oO Gosnold M (N B)—• 100 Prior preferred .25 6* 32 Preferred. Hartford Rayon vtcl Hathaway Mfg- 100 . Kendall Co com $6 partpref A * Kllburn M (N B).75 Ludlow Mfg Assoc.* Luther Mfg 100 Martel Mills- 7 8 40 43 7 5H Mills * Gaffney Mfg....-50 Conv pref- Gainesville Cot Mills Glen wood Mills. 100 Gossett Mills.... Granteville Co 20 . MillsPreferred .....-20 Hamrick Mills 15 13 15 Hanes (F H) Knit.5 7 % preferred.. 100 Hartsville Cot Mills. Henrietta Mills— 65* 8? "o" 97 20 84"" 80 45 51 15 110 12 17X 105 26 82 87 33 22 6X 36 25 8 23 Units 11 16 23 18 27 11X 82 3H 20 1 2nd preferred 24 18% Laurens (J M 100 Limestone Cot Mills Linford Mills. 40 20 Majestic Mfg Mfg Co.. May Hos'y Mills 100 $4 preferred Mills Mill pref—100 3X 4% Naumkeag Steam 100 17 Rayon class A. .25 N J Worsted pf—100 Newmarket Mfg * Nonquitt Mills * North Amer Rayon— 7 Cotton New Bedford Com class A Com class B * — Marion 55 35 18 15 H 16% 6% prior pref__50 Pacific Mills • 47 9 Mooresville 10% 44 Monarch Musgrove Cotton 1 Mills com ich Borden Mfg2uissett Mills 100 12 25 Sanford Mills..— .* 23 3 26 Rayon.* Tubize Chatiilon.-l Class A 1 7% preferred-.100 Uoited Elastic * Utica Knitting. .100 - 31 — 5X 85 6X 7X 63 67 Utica A Mohawk Cotton Mills-. 100 Wamsutta M 100 24 26 6 Wayne Knit Mills.5 12 X 5 96 62 Southern Mills 3 IX 112 105 2 IX 40 51 Anderson Cotton Mills. .100 —* 33 Preferred- 58 80 Appleton Co 42X .100 98 Mills 25 Avondale Mills 1 Beaumont Mfg..... 17 7% preferred— 38" 93 .... 7 — - Mills (SO)-25 80 - 100 4 Preferred. Bibb Mfg. 100 Brandon Corp A.100 Class B * - 53 77 6 „ 83 26 23 X IX 7 % preferred. . 100 Burlington Mills 1 88 95 13X 9 20 11 2 a a 2 a 250 6 a 1 X TITLE 8 GUAR¬ ANTEE & SAFE DEPOSIT STKS. 1254 60 5 5 60 a 4 8% Amer Title & Guar25 Bankers Bond A 106 Mortgage Guar. 3% X IX * . Columbia (D O) 5 Empire Title AGulftO Real Estate (DO) 100 Title Guar A Trust of New York 20 West Jersey Title & X 14 8 Granby Cons MSA 12 100 50 Rowan Cotton Mills Mills.. 50 Smyre (A M) Mfg 10 Saxon 7% preferred 7% preferredlOO Southern Weaving.* Southern Worsted— 1st mtge notes. Spartan Mills 100 Startex Mills 20 Sterling Spinning— Stowe Spinning Textiles Inc com.. 10 Class A pref... 100 Class B pref 50 Thomaston Cotton Mills common -100 1st M 6s Jan 1941 Wallace Mfg Co Ware Shoals Mfg 100 7 % preferred. .100 28 Oorpl 0 5% 20 Copper Co 24 15 20 30 7c 1 22 X Guar Co Power common..5 Greene Oananea 55" 18 X .100 Hecla Mining.. .25c Hollinger Mines 5 1 44 IX 54 55 60 A Smelting 7 65 9 Illinois Zinc.. Idaho Md 103 5 70 95 ~8~~ 5X 8 13 100 18X 8X 4X 21X 126 39X 31X 4X% convpfd 100 Abbotts'Dairy * Abercromb e A Fitch 12X 5% 45" 39 45 75 83 9 11 Pi/ A 12 100 5 S 65 Abraham A Straus.* 3 7 31 11 32 X Acme 22 IX 30c 25 36 .10 16 17 39 18 18 50c 27 X 13 13 X Pteel Acme Wire. Adams Millis. Addressograph 15c 25c tigraph Corn 10 Advance Bag A Pap Klrkland LakeGold 1 Lake Shore Mines. 1 Lava Cap Gold Mini Louisiana L'd A Ex 1 McIntyrePorcuplne5 Miami Copper....5 Mining Corp of Canada. * Mt City Copper..5c National Tunnel and Mines com.. * New Jersey Zinc. .25 Newmont Mining. 10 N Y A Honduras Rosario ..10 % 12*' 67c 4% 25% 27 7% Vc 2X 73c 4H 8% preferred. .100 Advance Rumely—* JX Aero 1 21 —1 Aeronautical Corp-1 5X 5% IX 50 43 X 50 H 45X 18 Preferred -100 Aetna Stand Engine* 29 30 North Butte... 2.50 Ohio Copper of 46c 55c Ainsworth Mfg....5 Air Associates.....! 5c 10c 7c Aircraft Accessories 1 25c Aircraft Precision.. 1 X -3% 19 Common ._.....* r Preferred .....100 r 106 Airplane Mfg A Sup 1 Oklahoma Interstate X 20 } 3X 24 Agnew-Surpass Shoe Nlpissing Mines Mining Com..25c 6 Aetna Rubber— Agfa Ansco (Del).. 1 16 X X 22X 5X IX Warrants Noranda Mines...* .1 7 5 1 Supply Mfg— Class A Class B 16 Old Dominion Oo.25 8% Industries 65 5 3 6X 6% preferred A.50 Technical Inst 7% 2X Aeolian Co— Aero 27 28 4 Mul- 27X 8c 41 100" 1 * 10c Utah.— 22 5 60 100 6% preferred .100 7% preferred—100 8X 4X 130 IX 40c 54 141 6 55 Preferred 60 45 53 X 86 preferred ...75 Aberfoyle Mfg.. 100 6 13 35 118 98 25c 115 18 1 ... 1 Copper.* Magma Copper Col 0 19 97 A B Stove * Abbott Lab'torles.* Abitibi Pow A Pap.* 20 Kennecott 85 ^ 4% 6X King David Min.50c 8 39 10% * Mining.. 1 Island Creek. Coal.l $6 preferred 1 Isle Royale Cop. .25 Jardine Mining 1 Copper Kildun Mining 16% 12X 5% 4% ._* 2X 140 INDUSTRIAL AND MISCELLANEOUS Common Internatl 7 99 79 115 38% 30% Inspiration Cons 6 104 11 5% Mines.. 1 2 24 4X common 12 % Howe Sound Co.—6 Hudson Bay Min 50 185 150 10c Homestake Mines 100 Union-Buffalo Mills Common. 10 1st 7% pref... 100 2d B% pref. ..100 Victor-Monagh'n 100 7% preferred.. 100 Victory Yarn Mills— 16 £ 1 13% Calhoun Mills....50 15c 80c 20 6%% pref—-.100 102 Arcade Cotton 3X X 5% 18X Evans-Wallower 79 Southern Bleachery 6 Print Wks_...* Preferred Southern Franklin Process com * }2X 18 7c zl? 11% 53. 6% preferred-.100 5% 26X 23 X 80 IX 5X Eagle Pich Lead..10 Preferred 100 Evans Wall Lead— 7 % preferred. .100 20 60 58 City RET (0-.500 Congress St Associ¬ ates (Boston).100 Factory Bldg Tr.100 Fifty Associates (B). Hotel Tr (Boston) 100 Kimball Bldg Tr 100 70c Goldfleld Consol Mines 7% preferred--100 35 7% preferred. -100 Belton - 3X 21 Cent BldgTr .100 a Chic R E Trus's. 100 a 25' 25c 5 Golden Cycle Riverside & Dan Riv Common 25 - 14 Alabama Mills.. * Amer Enka * Amer Yarn & Proc.. - Riverdale Mills— 5 80 12 Abbeville Mills 5 Acme Spinning.... - 7% preferred..100 Perfection Spinning. Pickens Mfg Piedmont Mfg 20 Poe (F W) Mfg.. 100 Ranlo Mfg 10 7% preferred. .100 Mfg 5 % preferred 100 8oule Mill (N B).10U «. 51X 27% Gold Min A M—1 Dome Mines Ltd..* 55 92 50c 3.00 23j 25 Copper 3X STOCKS 27 Copper Canyon. 10c Copper Range ,_* Cornucopia Gold.5c Oresson Consolidated 46 117 LAND Bd of Tr Bid Tr.100 a Bos Gr'd R'T Tr 100 a Bos RE T(Bos).100.a Bos Stor W'h'se.100 a >32 2.95 * 63 7% preferred 13 20 Skenandoa 40 23 27 23 40 110 47 IX 3X REAL ESTATE TR IX 5X h» Cons Min A Smelt.5 35 75c 10 Wright Hargreaves Mines ._* 15 A Clemeneeau Min 25c Consol 24 White Knob Copper 10 Clear Creek Cons— Common 10c 40 37 Pacolet Mfg.... 100 100 Sagamore (P R> Copper Corp 67 Orr Cot Mills...100 3 14 100 40c 65c 100 Plate IX 5X We Boston Wharf...100 a 63 57 15 13 12 25c Preferred IX 5X General Tin. 16"" 2 1 4% 1 15 Norris Cot Mills 11 15c 2% 45" Newberry C M —100 —..* ..20 Common Preferred X 5 Zinc-Lead Chile Copper 2 58 22 Preferred.3 Saco Lowell Shops Co 40, 25 See Borden— 13 1 Tonop Bel't Dev 10c Tonopah Mining. .1 Union Copper Land A Mining ...25 Utah Copper Co. .10 Utah Metal A Tun.l Walker Mining.. 1 Washington Tin 1 ing, Ltd 5 Bunker Hill ASull'nM AC2% Butte Copper & 50 15% 56% Roxboro Knitting- 21% 11 Zinc, Inc .1 Federal Mining A Smelting new 2 Cotton. Nat Yarn Mills Patchogue Plymouth Pepperell Mfg.-.100 Pilgrim Mills 100 See Indus. Stocks Mills.. 100 17 40 21X Chief Consol Min._l Mock Judson Voe— * 30 Cerro de Pasco 40 42 'h IX 2X We Dredg¬ 56 100 4X Gold 47 95 30 30 1 Tintic Standard Carnegie Metals... 1 Central Am Mines. 1 Central Eureka 1 Judson Mills A pflOO Preferred B 100 4X 5 7 2 4 5 Sunshine Lead 10 1 5 So Am Gold A Plat. 1 Stand Si Iyer-Lead. 1 4X Zinc 5 7 100 29 X 10 Joseph Lead Smelting 1 $5 prior conv pf 25 Anaconda Copper Mining Co.. 50 Andes Copper M.20 Callahan 103 4 7c 1 Shattuck Denn Silver King Coal Calumet A Hecla—5 97 1 1 Antelope Min Ltd Amer shares St Anth Gold M Mining. 10c Teck Hughes 1 52 King (J P) Mfg..100 Lanett Bleachery & Dye Works com 10 Roan 80CM 25 Quincy • 4X Zinc 70 5 - 57 130 4X 7 64 10 * 1 Preston East Dome I 10 Mining... 4 Inman 43 • 'K Mining..25c .... STOCKS Co Industrial CottOD Mills pref 4 *. Polaris St Bulolo 87 11 39 Pond Creek Pocahontas. Premier Gold M 24 1 Bol Inca Mining—— 115 40 Nashawena M _• Nashua M (NH) 100 Preferred. 100 128X r Bralorne Mines Ltd* 13X 112 8 100 r * r Austin Silver Min-.l Bagdad Copper...5 45 40 13 35 37 (Baltimore) Preferred 110X r 42 Mills Preferred 149 r r Black Hawk Consol Mines 27 40 Merrimac Mfg.. 100 Preferred 100 Mt V-Woodb Mills * 71X r Pioneer Gold Ltd—1 110 73 155 70 95 101 r 100 Penmans Ltd com.* Preferred 100 Amer mm. — 20 6X 1.10 1 . 15 102 14X r r Alaska Juneau Gold 115 9 4% preferred S3 prior pref Highland Pk Mfg 20 6% preferred Imperial Yarn 20 Amer shs ctfs—10 Consol Gold Can Converters. 100 Can Cottons Ltd 100 Preferred 100 Domin Text Ltd—.* Preferred 100 Montreal Cottons.. MINING Grendel IX Enterprise— 3X 11 10 35 7 20 5 118 2% 51 9 IX — 112 8X 43 3X 1 Pato Preferred — 4 10 Tin Consolidated Park-Utah Consol Mines Patino Mines A 98 Wiscassett Mills Woodside Cotton.20 Ask Bid Consol Mining. Pacific _ 21 19 Wabasso Cotton 110 Flint Mfg Co ..100 -.100 Drayton Mills....20 Dunean Mills .-20 7 % preferred- -100 Durham HosierySee Indus, stks Dwight Mfg—12% Eagle Yarn.—----Easley Cotton Mills 7% preferred Eflrd Mfg 100 Erwin Cotton 20 6% preferred--100 10 7% preferred Florence Mills...100 7% preferred--100 Fulton Bag A Cotton 8 _ Dredging 4 Fine Spinning Co 5% preferred Oriental 7 5 Canadian Mills 85 10 X 110 65 Par Per Columbus Mfg (Ga) 10 pref-20 Stocks share 98 55 Chi quo la 4% 100 Preferred Beaunit Mills General 24 29% China Grove Cot-— 22 * 22 II Ask Per 8% preferred.-100 Northern Mills Preferred- Bid Par Callaway Mills-— • Cannon Mills-... Chadwick-Hosldns Co common 10 Amoskeag Co conv Stocks Per share STOCKS Berkshire Ask Bid share TEXTILE $1% Par Air Keduc'n com..* 10 108 5 % o 72 k A* 39 43 * x Without par value. Ex-divldend. a Purchaser also pays accrued 97 dividend. 100" Preferred B f Flat price, 50 k Last sale. 11 14 n Nominal. Air-Way Electric Appliance r * Canadian price. X x t New stock. 86 INDUSTRIAL MISCELLANEOUS STOCKS & Quotation* for all securities are as near as possible for the closing day Stocks Par Stocks Ask Bid Par Bid Albany Packing. 100 Preferred .100 53* 5 56 _ 85 3 4 Co com. 100 5% pref 100 Alberene Stone of Va 5 Vot trust ctfs 2 313* 8% pref 100 Algoma Steel com.* 4 6 100 45 55 Amer Pneu Serv Allegheny Ludlum _* 100 Industries—1 Allentown Portland Cement pref 10 183* 1113* 73* * 23* Alien & Fisher. Alliance Realty Preferred Chem & 9 5 3*' 100 2?* Dye * Corp common 5*' Allied Kid Co com .5 Allied Mills Inc * Allied Paper Mills.1 Allied Prod (Mich) CI A conv 25 141 143 9 10 103* 43* 53* 58 25 253* American 5 * Common * Alloy Oast Steel 12 16 8 2 193* Aluminum Co com.* 6% preferred100 Alum Goods Mfg..* ~ 150 109 111 163* 16 Aluminum Indus--* 5 Aluminum Ltd * 153 55 6% preferred..100 Amal Leather 96 3* May 23 IX 1 6% cony pref.-50 Amalg Sugar 1 Amerada Corp * Amer Agric Chem.* Amer Air Lines...10 9 2X 3 _* Class B Am Bank Note 6% preferred. 14 Am 30 100 93 97 1 13* 1 15* 5 American Book..100 6X * Common 53*% conv pf.100 American Can 25 7% preferred..100 4 63* 43* 128 X 903* 1603* 1313* 92 166 American Canadian * * 7% preferred-.100 IX Properties Am Car & Fdy Amer Car Motors & 22 X 40 100 Preferred 100 1 3* 5% conv pref.! 00 Chicle * American Cigarette & Cigar Co 100 Preferred 100 105 114 1173* 200 140 115 "9" Amer Coal (N J)..25 Colortype__10 6% preferred.. 100 Amer 16 153* 100 X ~5X 85 70 Commercial Alcohol com 20 Am Crystal Sugar 10 9 6% 1st pref...100 Am Cyanamid A. 10 76 53* 93* 78?* 25 44 io Class B 5% preferred—10 2d series 10 Amer Distilling pf 10 Amer Dist Teleg * 7% preferred.. 100 Dredging.. 100 Amer 4X 303* 10?* 103* 2X Socket com Amer Fork & Hoe. * * Am Fruit Growers.* _ Preferred.... ..50 Am Furniture 1 Am Hair & Felt...* 1st preferred.. 100 2d preferred. .100 Amer Hard Rubb_50 8% preferred.. 100 Amer Hardware. .25 Am-Hawaiian SS.10 Am Hide & Leath 3 88 82 111 113 30 40 American Encaustic Tiling Co 1 Amer Export Airlines Common _50c Amer Export Lines 1 Am Fabrics, pref 100 Amer Felt common * Preferred 100 Amer Forging and 30?* 113* 113* 2 9X 1?* 2?* 93* 5 9 11 80 85 4X 113* X 3X X 2X * 6?* 293* 5% IX Class * 1?* pf 100 19 * 4 St 50 prior pref. 10 Amer-La France & 21 Foamite Corp. .10 Warrants Sugar 100 Apex Elec Mfg * Applied Arts 1 Appollo Steel 10 A P W Paper .5 Archer-Dan-Mldl'd * Argo Oil 5 Ark Fuel Oil pref. 10 guar pref..100 Armour & Co (111)— Common 6 2 213* 43* 24 1 13* 107 99?* 43* 2d preferred. .100 Brummell Ties Inc 1 Aircraft 1 Beech-Nut Pack. .20 4?* 97 preferred..!00 Beau 4?* Belding Hem'way. Arnold. Constable.5 Arnold Print Wks.» 63* 3 5% preferred...30 8 3?* 10 Arrow Hart- Corp * 7% preferred. .100 Art Metal Constr.IO Art Metal Works. .5 Asbestos Corp Ltd.* Asbestos 40c 11 43* 103* Mfg com.l Preferred 1 Ashland Oil & Ref.l Assoc Brew (Can).* 105 75 10 43* 113* X 113* 43* 10 3* 43* 13 1 1103* 43* 6% 1st pref 100 7% 2d pref.-.100 60 75 503* 64?* Assoc Dry G'ds 5 Assoc El Indus Ltd Am dep rets ord registered £1 * 6% 1st pref 100 Atl Gulf & W Indies SS Lines new. 1 _ 5% non-cum pflOO Atlantic Refining 25 4% conv pref. 100 Atlas Atlas Drop Forge. .5 Plywood * 63* May 3* 63* 13* 53* 9 ■?8 & 40 103* 103* 20?* 9 105 101 12 3* 33* 133* 19 20 23* Conv preferred.20 Atlas Powder * 58 62 5% conv pref.. 100 113 115 135* Amer Locker classA* 12 14 Auburn Class B * Amer Locomotive.» 2 3 Tack * Automob.I* New common w i* New 4% pref w i 50 Austin Nich & Co. $5 * cum prior A..* 5 43* 3* 23* 103 105 3* 2?* 20 24 23* 13?* Coupon Bearer shares..* shares.__* Truck com n * A Class Brown 109 101 7?* 18?* 4?* 16" Distillery 9 _ 50 160 * Manufacturing 28 Brown Shoe * $5 preferred Brunswick Site 17?* 93 10 Buda Co 7% 55 cum pref. .100 !00 Budd (E G) Mfg..* 7 % preferred. -100 com Budd Wheel 6 Bullard Co 1 Bulova 25 40 X X X 43* 3* 1 1 32 3 85 91 7% preferred.. 100 B/G Foods Inc * 7% preferred.. 100 112 23* Bird & Son 114 23* 1?* 70 80 12 133* * 37 39 * 183* 90 23* 3* 33* 13* 8 9 Birdsboro Stee Blauner's common. $3 preferred * B'ack& Decker %'ifg Co * Bliss & Laughlin 5 Blaw-Knox Preferred 30 43* May 2 23* 43* 44 16?* 73* _ 18 15 7?* 15?* 30 35 14?* 15 Bliss (E W) Co— Common— 1 6% conv pf 25 5% conv pf 25 Bloomingdale Bros.* Canadian price. 113* 3?* 27 103* 33* 243* 33* 4 1 95 27 X 26?* 20?* 213* 7 6 3 23* 48 Common 203* 23 $2.20 preferred__ 32 __50 iF) Mfg— Corp Ltd— Am dep receipts- 22 24 21 23 11 15?* (New stock. 23* 13* 1 X Burroughs Adding Machine Burry Biscuit.l23*c 6% preferred * 7% debenture. 100 Bush Term Bldgs— 7% pref ctfs—100 10 Butlor Bros 5% conv pref-.30 6 63* 4?* 173* 1* 73* 423* Byrndum Corp..—1 Bryon Jackson * Cable Elec Products Vot tr ctfe 50c Common 50c Calif Pack Corp...» 5% preferred—50 Calaveras Land & Timber 1 Calamba Sug Est_20 Callite Tungsten. .1 Cambria Iron 60 Campbell (AS) 1 Campbell Wvant & 33* 103* — Fdry— xEx-dividend. 1 23* 8 * 50 Preferred 8 7X X 23* Byers (A M) com...* 7% part pref.-100 Byers Machine * Byllesby class A—* Class B • Preferred -* Butterick Oo__ 173* 65 5 vm » * 73* 105 98 44 Preferred Burkart Bush Term Co com 1 * 25 5 102 7 Burns Bros Coal.. 713* Billings & Spen Bing & Bing 15 133* 42 * 63* 71 100 1 43* 25 Preferred * ...... 53* 33 * Preferred 33* 243* 13* 143* . Watch Burdines Inc 323^ 100 Burma 30 $2.50 preferred. Bigelow-Sanford Carpet com * Burger Brewing Preferred 50 Best & Co * Beth Fdy & Mach. Preferred 50 Beth Steel (Del) * Inc 70 39 * Bucyrus-Erie Co..5 13* 283* Beryllium Corp * Bessemer Limestone & CementA*om_-l 5 k k 43* .. Collender Co 19 523* X 27 X _ 1?* Brown & Sharp 7% preferred.. 100 common- 20 * 1 Buckeye Pipe L..50 Buckeye Steel Cast * 6% preferred-.100 19 50 Purchase warrants Borland Shoe St * 7 % preferred. .100 13* * 5 73* . 30 r 23* * pref Forman Brunswick-Balke- 52 5 5 1 common Bruck Silk Mills. 4?* 4?* 3?* 43* 20 Nominal. 18 % pf. 100 12 9 2?* 153* it Last sale. 10 Warrants Brown Co 6 43 38* Class B 33'tc Benson & Hedges. _* Conv pref * Fdy & Macb Brit-Amer Tob Cannon 1" Called July 22 at 110. 39 35 Brit-Amer Oil Ltd—1 Bruce (E L) Co 5 7 % preferred.. 100 3 3* % pref 100 33* 3* 50 Preferred 9?* 203* 112 4 Bickfords Rayon.* 24 23 1053* Home niture 4?* 43* 5 Bristol Brass Preferred Brown Rubber.. 11 Berkey & Gay Fur¬ 32 20c 114?* Appliance cl A..5 7 30 26 50 Common Bendix Hegeman Elec. 10 Arrowhead Petrol-.1 _ Bell Aircraft 1 Bellanca Aircraft--1 Bellows & Co A..10 Belt RR & Stk Yds 42 95 243* 1113* 3 Beech 2 43* * x-w 1st 25 24 w_* 39 Am Laund Mach_20 value. 100 Bearings Co (Am).* 113* 33* 53* 83* 23* 43* 13* 30 '78 Brown Fence & Wire Preferred Bender Body com Bendlx Aviation . 103* 26 23?* Atlas 12 24 40 14 43 25 38 40c 113* 413* 105* 18 Warrants 6 * Brockway Motor 2 28 w 103* » 25 25 British Celanese Ltd Amer dep rcts.lOs 1 223* conv pr pref * 7% preferred..100 10c 7% preferred-.100 Amer Mach & Fdy. * 8 4 Mfg 5 & Cadwell Pref 1 72 10 Brillo 9 common..25 Beatrice Cream. .25 68 23* X 18 X 2 t C...100 v 28 7% preferred.. 100 12 18 Armstrong Cork * Armstrong Rubb A* $6 22 19 ~1X 303* 153* * Class B 83* Mfg Armour & Co of Del Artloom 23* 2 6 93* Bridgeport Brass..* Brldgep't Hydr'Uc20 Bridgeport Mach..» Preferred100 Briggs Mfg * Briggs & Stratton..* Brill Corp class A..» Bristol-Myers. 100 $5 preferred mann Corp 1 Anheuser Busch—20 Animal Trap 43* 93* 11?* Beaton Amer dep rets.. £1 53* 8?* 25c 8c Bausch & Lomb 23 X 6?* 1 * Preferred Pref Airways.23* Registered shs * reg£l Ordinary bearer £1 Baumann (Lud) com * _ 15 Corp * B 2* * * 1 Bathurst Power 6 Paper A Trading 102 503* 100 Boyd-Welsh Inc Boyertown Burial Casket com Class A.-- 3 * _ X IX * Brinks, Inc 43* 98 28 Without par _ Barnsdall Oil .5 Barnsdall Refining.: 1 preferred 93* 2?* 2 Atl Coast Fisheries • Atlantic Co A 50 Class B com * 50 * 53*% pref 50 Barkley Grow Aircrl Barlow & Seellg cl A5 Barnard Aviation. ! 43* 203* 3* 83* 23* 7X 4 13 33* .* 1 11 L93* 263* Bros 5 Associated 23 non-cum Barker 3*6 43* 213* Batavia Body Bath Iron Wks Writing Pap.* 7% 1 1 25 Assoc Laundries. 33* 5 Stainless com Andian Nat Corp..* Anglo-Iran Oil— 2?* 6% preferred...50 6% Steel % 3* 100 36 17?* 3 Bartgis Bros com. .1 6% conv pref..25 68 Amer Home Prod.. 1 Amer Ice Co * Amer Insulator Bareco Oil 16 Brewster Aeronaut'! 1 Warrants 16 1 Bondhold¬ Breeze 3* 9?* 9?* * Preferred 27?* Braniff 5 25 * Barker & Ross 43* 35 Brewing Co of Am.3 6 Basic Dolomite 64 26 2?* 14 23 2 32 1 10 Optical com 10 5% preferred. .100 Bayuk Cigars * 7% 1st pref 100 13 13* 53* 13* 2d * Bardstown Distill Barium 111 * pref..* Bower Roll B'r'g._5 cum 1st preferred. .100 98 5 7% preferred..100 5 1 Anchor Hocking G1 Corp. new. 12 3* $5 div pref Anchor Post Fence.* . IX 11 2?* 13?* 213* 5X 43* 13* 9 19 ers class A 65 Bowm Bilt Hotels— Common * * American shares. 63* Amer 30 Service cl A 100 Antilla 8 Centrifugal..! Am Chain & Cable.* Amer X 13 new Bancroft (J) & Sons* Preferred 100 Angostura-W upper3 com $2.75 Bow-Bilt 55 100 Amsterdam 413* 35c * 100 Amer Carmel Amer 15* 23 Fdy com Preferred . Anaconda Wire & Cable common 31 30 for Warrants Baldwin Rubber * Preferred Am Woolen Co 7 % preferred. Amer wringer Amer 38 37 Amer Bosch Corp._l Amer Box Board--1 A.Brake Sh & Fdy— 8 15 $6 preferred 13 99 50 8 7% pref 100 Common Am Beverage Corp. 1 7% preferred . Class A 65* 16 Preferred . Preferred 42 133* 95 6 % preferred. .100 Amer Wind Glass— 47 6X 12 100 c Storage Boston Woven Hose 6 Rubber com..* 43* Chemical—* Baldwin Duckw'th.* Baldw Loco Wks._* Transformer. 10 7 % preferred 40 Gravel Pref—.50 23 V t Boston Sand & __ 22 Baldwin Co 18% ■a* 15 33* 33* 21 193* Borg-Warner Oorp_5 Scrymser—25 Bour jols, Inc Preferred 55 Warehouse. 100 Boston Wharf...100 96 1 23 105 57 100 Borne Boston Balaban & Katz__25 Am Vitrified Prod.* 52_ 42 10 6% preferred 50 Am Bemberg com.* X 11 22 Publica'ns pref 5X 93 Baker Am Type Found. .10 27 45 100 Babcock & Wilcox.* Am Tobacco coni_25 Common B 25 53 47 45* 15 Barber Asphalt 40?* 110 :!» 25 9 Borden Co 13 36 17 7 % preferred. .100 Am Sumatra Tob—♦ Amer Television 1 Amer Thermos A__* Preferred 50 Am Thread 5% pref5 133* X * 43* 33* 3?* 133* Bankers Industrial— 52 * Class A 43* 19 17 35 American Stove * Amer Sugar Ref.100 40 pref 100 American Arch Am Bakeries 1?* 103* 43* - 3 Preferred Amer Steamship. 100 Am Steel F'dries » American Stores * _ Bohn Alum & Br. .5 Bon Ami com A * Common B * Bond Stores com__l Bonomo (Joe) 3 1 4X ilH Bohack Realty pf1 1 share 3?* preferred-.100 23* 5?* Ayrshire Pakota Colliers Corp 6% non-cum pflOO 55 12 ._* pref 53* 10?* 553* Snuff. .25 U~X 20 Alpha Portl Cem._* Altorfer Bros com. * Conv 138 7% preferred..100 Alhs-Chalmers Mfg 15?* 23* 1 Axton-Fish Tob A 10 Class B 10 18.50 American Screw. 100 American Sealcone.5 Amer Seal-Kap.. ...2 Amer Seating * 553* 95* 55* 9 5% preferred--100 11 Capital. .1 tation Corp 53* Am Ship & Comm.* Amer Ship Build. _* Am Smelt & Refg._» 10 Allied Stores Corp.* Common 7% cum preflOO Am Republics com 10 Amer Rolling Mill 25 43*% conv pf 100 Am Safety Razor— 153* Aviation Corp 3 Aviation & Transpor¬ Common 20 17 Warrants Aviation * 50 Stand Sanitary..* ex-warr_25 Pref 7 Amer Pulley Amer Radiator & 65 Boeing Airplane 5 Bohack (H G) com.* Per _ 1st Avery(B F) Sc Sons 5 6% pref w w—25 * Partic pref "73* Allied Aloe (A S) Co * 5% prior pref 193* 60 12 9 common.-.5 Automatic Prod—5 Automatic Refrig.10 Automat Vot Mach * Automobile Banking $1.50 conv pref 25 Class A com.-.25 Am Potash & Chem * Amer Products Blumenthal (Sid)..* 7 % preferred. 100 ment .5 Class B Bid Automatic Instru¬ Metal Co * 6% convpref__100 American Meter * American News Co * Amer Optical * Amer Piano class A* Inst common— Steel Corp Preferred common_25 Alarm 65 Par share 7 43 Amer Alexander Dept Stsl Hamilton Allen 6% preferred. .100 Automatic Fire Maracaibo__l Amer Alexander Preferred Autocar Co com.. 10 Stocks 58 53* 23* 20* Am Mach & Met..* Am Maize Prod—* Ask Bid Per Am Mfg 95 Alberta-Pacific Grain class A_. Preferred —100 Par share Per share Alaska Pac Salmon* of the month preceding the date of Issue Stocks Ask 15c" 10c 3 X X 153* 45 12 1?* 57 5 12 - -. - 7 « - Quotatlona for all securities are as near as Stocks Par Per Canada Bread * 60 Cln Tob Wr'house_25 Oin Un Stk Yds.. 46 ~3~~ 70 163* 143* 173* 143* 71 Can Wire & Cab A_* 47 * 12 B_. B Class 14 3* Claude Neon Lt—1 Clayton & Lambert * Oleveland Graphite 1 9 Bronze com 18 3* 13* Cleve Tractor Canadian Car & Fy * Preferred 25 Celanese—* 100 Canadian Colonial Oanad Preferred 1 Airways 63* 133* 233* 101 "63* 143* 243* 108 •»• ^ Utensil com— 100 115 * * 115 130 * 100 110 Can Locomotive—* 7 * (Philip) 6% preferred. .100 6% preferred-.100 Oarib Syndicate.25c Carman & Co A * 113* 93* 90 86 43* 65 4* 73 70 75 Co 6 29. 63_ 73* Preferred A 100 Preferred B 40 60 25 3-25 '40 15 5-7- '40 5-7- '40 63* 44 100 100 103 Oase Lockwood & Brainard Co. .100 250 275 Oelotex Co com * 6% cum pref._100 Corp 16 1st preferred * $7 preferred * Central Aguirre Celluloid * Associates.. 455* Colson 100 53* Cent Ir & Steel..100 Cent Ohio St Prod.l Central 23* 10 133* 70 cum pref.. 100 I cum pref * 163* 163* 173* ftp • Columbia - - 1 $2.75 conv 13* 1 11 13 5 6 . 23* 13 $2 preferred * Combustion Eng._l 27 v 123* 33* 153* Pub..* pref. _ 1 9 102 33? 4 1 Chain Belt com—. * 163* Eng Common..Par $10 Common. .Par $50 Cons 17 2 Consol Retail StS-.l 23* 803* 13* 33* Chambersberg 15 Consolidated Steel 75 Ohamberlln Metal Weather Strip Champion 10c 5 & Paper 19 0% pref 100 Chapman Valve—1 101 Preferred Charis Corp 102 273* 10 43* 933* Board common..* 293* '¥ ir* 4 Continental Baking Class A_. ' 8% preferred- _ 100 733* Continental Can..20 35 Chester Pure 50 Continental Mot.. Oont'l Oil Silk x 1063* 53* 33* 18H Common Chicago Flex Shaft 5 Chic June Rys & Un 8" 60 623* Stk Yds com.. 100 210 Preferred 16 Preferred ] Oont Steel Corp... Preferred 1( 100 100 Chicago Mall Order 5 5 Chic Pneu Tool....* $3 conv pref * $2.50 prior pref..* Chic Ry Equip 25 5 93* 10 41 48 10 11 63* Childs Co com Preferred Co 7 7 53* 8" 143* 10 Chrysler Corp 5 Churngold Corp * Cincl Advtg Prod * without par value, 63* 90 1003* 103*1 45 160 * 100 57 173* 49J* 16 93* - - 153* iCorroon & Rey'ds. 33* $6 conv A pref.. 583* [Cosden Petroleum. 53* ; 5% conv pref_.fi 8 k Last sale, 1 55 13* 73* Nominal, r 153* 33* 80 90 51 54 Footwear. 1 Eastern Sugar Assoc Common 1 Preferred 1 73* 9 3 4 13* 363* 3* 8* 153* * 13* 158 * "23* 263* 123* 11 Class B 50 Edison Splitdorf * Educational Pict. .1 Eitingon Schild Mfg * * 100 Electrical Steam 1 Sterilizer Electric Auto-Lite. 5 3 40 Electric 3* 3* 93* 173* Boat Indus Am shs Elec Stor Battery. _* Elec Vacuum Clean* Electro Bleach Gas.* Electrol Inc v t c -.1 13* 1 14 133* 263* May 14 10 103* Common Electrolux 1 Corp—1 Electromaster Inc.l Elgin N Watch...15 123* 14 13 15 Elk Horn Coal 101 106 .* 24 26 2d preferred.. 100 Emerson Drug..23 70 75 1 Noc Mfg Disney 83*1 31 283* 37 353* 203* May 26 10834 "53* 53* 27 30 3 4 3 33* 23* 23* 23* 130 "3" 145 (Walt)— 6% preferred...25 123* f New stock. % Ex-dividend. 3* 253* 263* 19 21 3* 25 3* 3* 10 13 8 3* 213* 25 83* 1 2 25 37 3* 23* 13* ■ 16 96 16 18 16 18 Class B Preferred 2 3 2 Emerson Elec Mfg.4 Preferred 4 Empire Sheet & Tinplate Ems co Derrick—-.6 E ndicott-J ohnson. 50 116 1 Warrants ' Discount Corp -.100 13* : 123* 1st preferred-.100 k 120 90 123* Di 13* 1st preferred.. 100 preferred. .100 Ely Walker D G 25 10 03*% Pf(w w) 100 183* Diamond T Motor 2 523* Dictaphone Corp..* Preferred 100 73*1 Dictograph Prod..2 Diesel Equipment.. 1 95 ] Differential Wheel. 1 103 Voting trust ctfs.. 463*1 * 2d 95 0% part pref--.25 Diamond Shoe com * 3* 28 Electrographic Corp Eljer Co com * 5% cum pref 50 5% prior pref.100 26 3* 273* 123* Electrical & Musical ly> Diamond Match— * 170 63* 14 6% preferred ..100 Easy Washing Mach Common __* Class A. Diamond Alkali. .20 7 33* 1263* Elder Dexdale Hosiery— Preferred 100 60 Canadian price, 53* 133* 13* 3* Warrants 5% preferred 110 Preferred.. I 65 283* _ Eaton Mfg Co 4 Economy Groc Sts_» Edgewater Steel * 115 22 11 n 16 213* 13* 3* 183* 5 1 Common 23 1103* 9 Cornell-Dublller 8 14 -. 33* 23* 24 5 70 8 2d - 7 $4 preferred Cooper Bessemer.. 31 Chic Yellow Cab..* Chickasha Cot 0.10 Chilton "93* 26 Chic & So Alrlines.l 1/ - — 65 - 23* 13* i* 15c Chic Rivet & Mach 4 Preferred $2 preferred- - 213* 1083* Converse Rubber.. 63* Chic Molded Prods 1 Chicago Nipple 53* 53* 13 93 1 Corp com 10 5% prior pref. .20 preferred—100 Dewey & Almy Ohem l/! 1 Chic Daily News * New 5% pref. .100 60c Edison Bros Stores.2 100 0% pref w w—20 Detroit Gray Iron & Foundry com—1 Detroit Harvester .1 Detroit Mich Stove 1 Detroit Paper Prod 1 Detroit Steel Prod 10 De Vilbiss Co 10 Preferred 10 Devoe & Reynolds— Class A (non-vot) • Common B * 19 Hosiery 6 % pref 10 12 * 6 Aircraft—* Det Gasket & Mfg.l 773* 353* 1073* 63* 33* pref.20 45 3 Detroit 7i6 3* 1 conv East Racing Assn..* Eastern Roll Mill..5 Detachable Bit-_l0c yz 133* 113* Oil East Mall'ble Iron25 133* 6% conv pref. .10 Derby O & Ref com * 3 6 11 100 Eye Class A 13* 33? 20 53* 24 % 50 8% debentures 100 Dentists* Supply. 10 6% preferred-.100 De Pinna (A) Co— 95 Preferred Eastern Air Lines. 21 $6 prior pref 63* 23* 23* 73* 2 Preferred 23* 3* 123* 113* 203* Checker Cab Mfg.6 Cherry-Bur Corp. .5 Ohesebr'gh Mfg..25 Chesapeake Paper m 3* .... * 100 Eastern 100 Preferred 115 100 • 23* common..* Fibre - 43 63* 23* 23* 19 15 - 40 25 IB" 43* 153* 10 1 Dennlson Mfg— Class A com - 100 6% pref Eastern Del Rayon A com. 15 - 95 * com East Dairies Ltd Laval Steam Turbine. - Mills B Eason De Long Hook • 2 Cons Mach Tool uts. Gilbert Corp 3 6 85 preferred Lithograp: 21 103* » 3* 63* 23* 7% 32 6% pref 25 7% pref 100 Durham Hosiery— com Eastman Kodak—* Dejay Stores and 119 5 Chem Eagle Lock Early & Daniel Deisel-Wemmer 65 _* iiH efiance Spark PI.* e 156 Preferred 23 7% preferred.. .20 75 623* 3* 7 Cons Film Indus.. 1 com 6 Co common..20 Duro-Test Corp 1 Duval Texas Sulph.* 43* 3*6 93* 114 Durez Plastics & $1.50 1 Records Rubber— Ord reg £1 Duplan Silk * 8% cum pref. .100 DuPont (E I) de N | 63* Dunlop 19 43* 3* ' 28 108 14 Chemical. 1 Deere & Co _ 10 70 0 33* 933* 43 1 1 >ecca Bradstreet Corp.* 10 33* 63* $6 preferred * Tnternatl.l 14 ayton Rubber Mfg Common.. 1 Class A 35 4 40 conv 10 "33* 13* (Allen) 12" 8 10 13 153* 103* 13* 223* 643* 23* 25 110 com Preferred avison 9 223* 613* 13* Oongoleum-Nairn. • Congress Cigar * Conn Telep & Elec.l 83* 19 Warrants t c ext—1 17 * 100 Shoe Nast 70 Davis Coal & Coke 50 15 83* Solvents..* 90 163* 23* orp »%pii.uu Mills 30 10 Oomm'i 32 50 * Darling Stores Corp $2 partic pref...* Davega Sts Corp. .6 5% conv pref. .25 Davenport Hosiery 5 4 3 Cessna Aircraft 74 4 33* 3 21 2 Dardelet Thr'dlock * 13* 43* 163* 713* * v t c - 10 Centrifugal Pipe 1 Century Elec 10 Century Rib Mills.* 7 % preferred. 100 Certain-teed Prods. 1 6% prior pref. 100 uarco 33* pref..* Colum Carbon TTammftp 5 Dunhill 111 18* 106 2Va a* 75 17 46 10i _ Columbus Auto- 7 Paper Preferred ■ Mont 173* * Dubilier Condenser 1 Du 2 40 100 Preferred Laboratories cl A1 Dun (R G) 313* 83* 243* * urtlss Wright Corpl Class A 1 B'castini 63* 5 Driver Harris Co. 10 Dry den Paper 21 15 Dri Steam Valve..5 83* 23* 2 8 $3 6 43? Mfg com..* 683* 63* 1 18 Consol Biscuit - 193* 1073* Dresser 7% 4 $7 preferred Oonsol Aircraft 3 2 54 100 uneo Preferred * Columbia Brewing.5 Mach 2 103* 18 Oonde 193* 15 Press 5 0 3* % prefeired 100 3* 43* 153* 43* 72 22 - 43* 673* 6 16 Oompo 79 21 Cen Vloletta Sug 5% Preferred .100 30 udahy Pack Parts com......* 53* 71 443* 9 69 Corp Columbia O & G 58 23* ■ 7% preferred.. 100 ♦ 107 25 145 Arms Mfg 25 Columbia Baking..* Vot tr ctfs com..* 13* 13* _ 109 Columbia Pictures— 105 Airport—1 4 Colt's Patent Fire 2 40 203* 43* 19 463* 233* 1093* 23 113* 15 * Columbia Mills. 109 Central American Plantations ...100 Cent Foundry com.l 6% preferred. 73* 90 3* 33* Sys Inc class A 2 3* Class B 23 5 4 153* 13* 453* 183* 13* Central 7« 73* Preferred Col Fuel & Iron Warrants 105 1 Caterpillar Tract. .* Oelanese Corp. * 7% prior pref.100 1st partic pref.100 283* 733* 13* Ordinary snares.. 0% conv pref 30 Oatalln Corp. 81 273* 703* 7% preferred.. 100 Colon Development 283* 63* 55* Case Pomeroy 5 Jastle (A M) Co. .10 110 80 5 % preferred. .100 Dow Drug.... * Preferred 100 rucible Steel.-.lOO 7 24 • 7 35 24 .. 133* 135 87c Colonial Beacon Oil * Carpel Corp * Carpenter Steel 6 Carrier Corp 1 Carter (J W) Oo...l Carthage Mills * Case (J I) Co 7 % preferred 133* 1083* 1 common 23 106 * pref 140 5 _. 5 20 5% conv pret_. 100 Collins Co -.100 Wire 104 Products conv Dow Chem 10 103* 2* 19 Collyer Insulated 1st preferred-.100 Gasco $5 _ Zellerbach 1 18 * com 25c 63* rown 88 ♦ Conv prior pref..* com * 93* 763* 25 Drug Preferred 60 63* * Common 13* 33* 45 ' •3% rown 104 _ r * 53*% pref....100 Doubleday Doran Douglas Aircraft..* Douglas (W L) Shoe 37 56 43* 25 Stores..* Chemical 23* 28 $2.25 pref w w..* Preferred x-w * 29 820 1 1 19* * * Class B 23* 40 1023* 16 100 Dominion Tar & Central Petroleum (Md)_5 663* ..... Coal B Dominion 7 31 613* Collins Morris ~2~ 125 27 Peet common 193* 27 $4.25 preferred. Collins & Aikman..* Preferred 116 Dominion Steel & 13* 53* 110 1 15 Dominican Coal pf 25 Dominion Glass. 100 43* 233* ♦ 273* 63*% pref 100 Bdge.100 Dominion rown siH 17 Dold (Jacob) Pkg— 33* 3* 43* 23 Coca-Cola Co ...» Class A ....'• 63* 16 i* 4 Doehler Die Cast--* 108 100 Colgate-Palmolive- „ * Carborundum Co..* * Dodge 25 173* lishing Co Preferred 1 Co—...* Cork 5 153* 33* 6 rowley Milner * Prior Preferred. 50 - 20 Dobeckmun Co coml 48 43* 223* 293* Cohen (Dan) Co * Cohn & Rosenb'ger * 130 100 Capital City Prod.* - 313* 24 20 Coca-Cola Intern..♦ Cockshutt Plow ♦ 13* 15* 13* 13* Class B Carbon Monoxide Eliminator - 43* 103* * Dixon (J) Oruc-.IOO w* 87 1373* of St Louis Class A Carnation 30^* of Los Angeles of New York 10 * 8% preferred._ 100 Invest Corp Preferred 313* ■13* - 135 Can Indus Alcohol— Carey 45 * Dixie-Vortex Co Class A 13* 46 * _ _r 1* Dixie Ice Cream...5 Vs . Dr Pepper 93* 53* 303* 13* Clinchfleld Coal.lOO Preferred 100 of Cincinnati pref of Wheat Creole Petrol 30 5 * Pea body—* 7% preferred..100 Coca-Cola Bottling 25 100 Crocker-Wheeler Climax Molyb¬ denum Co.— 63* 63* Can Fairbank pf.lOO Canadian Foreign CI A voting * CI B non-voting. * Canadian Industries .50 Club Aluminum 16 3* 133* 813* pf conv m Cluett Canadian Dredge Dock 3* Creameries of Am— 3* 43* Cleveland 35 100 cl A.20 conv Liquors..5 Divco-Twin Truck-1 Dixie Home Stores. 1 1 27 5% 8eagrams Ltd—* 5% pref w W..100 1 Wagon Co Ship. 107 28 Hobblng Mach com 4 d" 43* Distillers .100 $1.50 3*. Per 45 40 Am deprcts ord£l overed 63* . 4 B6" Canadian Bronze..* Preferred 253* 105 75 33* 33* 113* Canadian Airways.* liH 100 Preferred 53* 113* 903* 11 893* 53* Bid Par Distillers Co Ltd.£l Distillers Corp- 3 43* 3* Cornier Post pref li Oourtaulds Ltd— 1 63*% cum pf_. 100 Olty & Sub Homes 10 Olty Stores 5 Olark Controller 1 Olark Equip Co—* 11 Class 12" 53* Stocks Ask 2 Cosmocolor Corp.. 1 Coty Inc com 1 Coty Internat'l 1 A Oity Auto Stamp..* Olty Ice & Fuel- — * Canada Packers...* Canada SS Lines._* Preferred 100 Bid Par Per share O .* 1 40 * ♦ Class A Inc OInecolor 5 Canada & Dominion Sugar Co Ltd * Can Dry Ging Ale_5 Oana la Forgings— Stocks 13* 13* Cinci Ball Crank. .5 100 94 Ask Per share 8 r possible for the closing lay of the month preceding the date of Issue Bid Par share 23* 100 Preferred Class B pre! Canada Cement. 100 Preferred 100 Stocks Ask Bid 87 MISCELLANEOUS STOCKS INDUSTRIAL & •June, 1940] 143* 5% preferred. .100 Equit Office Bldg..* Esquire Inc 1 Eureka Pipe Line. 50 - 263* 33* - - - 4 95 85 7y 353* 1023* % 23* 20 Eureka Vac Clean.5 Evans Products —5 23* 53* Ever Plastics Corp 2 Eversharp Inc 1 Ex-Cell-O Corp—3 2 303* 43* 93* 39 1093* o3* 3 27 3 6 5 3 313* 88 INDUSTRIAL Quotations for all securities Stocks Bid Par Ask Per Exch Buffet Corp.-* Ex Lax Mfg A 10 Exolon Co com * Faber Coe & Gregg ♦ Preferred 100 101% Fafnir Bearing 110 Fairbanks 120 2% 3 30 % 32 26 Co 4% 31% 8% 5% Fairchild Aviation .1 Falrchlld Eng & Alrl Fairfield West Md 5 33 9% 5% Dairy 6% pref... Fajardo 8ugar 20 Falstaff Brewery- .1 Famtse Corp 50c 88% 18% 6% 19% 10c 40c 2 % Class A 7 1% Famous Players Can Co p com_.l 20 Fanny F'mer Cand.* 19 Group No. 1 Oil...* Group No. 2 Oil—1 Farben Ind... vy * 5% 1 Gen Bottlers com.l "9" lo" General Box 1.00 1.15 Corp.l 5 * * General Bronze General Cable Class A.. 1 % 2 4% 5 12% 46* «- 7% preferred--100 Gen Cigar common * 13% 57% 15 106 104% 3% 5y 29 y 7% preferred. .100 Crude Oil..2% Gen Development 20 Gen General Electric—* General Am 1 130 Gen Banknote •9% Farnsworth Telev & 63 yy GenAniline&FilmA * General Baking—6 19% 7% 6% 39 4% 30% Ltd— Elec 4 11 10 dep rets reg £1 Gen Fire Exting—* Gen Fireproofing. . * 7% preferred- 100 Gen Foods Corp...* $4.50 preferred._* Gen Machinery—* 4 % % preferred 100 12 10 2% 1 2 * 3 6 6% 7 7 9 23 30 General 29 30% General Motors. .10 10% $5 preferred * Gen Optical pref ._* 118 8 Fedders Mfg 5 Federal Bake Shops* Preferred 30 Federal Compress & Warehouse—25 Federal Machine & Welder 1 com 11' Federal Mogul.—5 Federal Motor Tr__* u* 2% 1 1% 2% 2 Federated Dept Sts * 4%% preferred 100 & 79 16% 82% Fed Screw Works. _ Federated Publica's* Ferro Enamel 1 F G Trading Corp— Preferred 18 1 19 10% 11% 50 -.* * * 6 % preferred. .100 Gen Refractories. _* Flat Am dep rets— Fldello Brewery—.1 7 10 Fllene's(Wm)Sons .* 10 23 Finance Co of Pa See Invest Cos x 1 conv Common 6% pref Gen Theat Equips * 14 A.100 14% 89% 86 First Nat Stores—* Fishman (M H)...* Preferred 6% 34% 6% 85 100 37 88 Class B i__ w 10% 12 10% 12% t s. 54 58 Giddings & Lewis Gilbert (AO) Florence Stove. * Florsheim Shoe com* 26 26% 20% 18% Preferred * Fohs Oil Follansbee Bros 1% 4% 1% * * Preferred 10 10 3% 6 1% 12 New com w i 10 New pref w i__100 Folmer Grafiex * Preferred 100 30 3 Bros Gear Mach com % 5 3% if* Am dep rets ord__ Ford Mot of Can—- 1% 3% i I* Class A 8% Class B 9 15 10 10% II" 55 62 1H of Canada * Fox Film class A...* 15 * * Francisco Sugar 3y Franklin Ry Sup..* Franklin Shops * 6 10 Freeport Sulphur.10 French Investing..* Preferred "3 % i Malt iH 2ia 27 3y 100 common 1 4 Trailer__1 21 22 pref.100 Fuhrman & Schmidt 78 80 5% conv Brewing com 1 25c 9 Fuller Brush com..5 Fuller (G A) Co— Common S3 convertible... 4% conv pref.100 10 $6 conv Common 1 6% conv pref. .25 Gar lock Packing...* Gar Wood Indust..3 Gaylord Container. 5 5% conv pref..50 Gen Accept'ce Corp Class A 5 Conv preferred.20 * 6 2% 2% 8* 9 35 33 "5% A14 ■16% 86 * r 1% 104 8% 23 y 42 4 9 40 10 it* it" 55 10 y 10% 2% Common $5 1 10 pref..100 Hires (C E) coin...l Hobart Mfg A * Hoe (R) class A.. 10 Prior pref 05 13 15% 18 2 Com div certifs. Ex-div certifs _ * * 2% 34 % 5% % 4% 12 10% 7 8% * k Last sale, n r Interlake Iron * Int. Agricultural..* 7% prior pref.100 5 7% 7% preferred.. 100 Internat Indus International Match Realization £1 Int Mercan Mar * 94 160 7% Internat Metal class A 14 81% 124 58* 84* 128 25 98 8% 57" 105 9% I 65 5% 5% 7 1% 2 6 7 7 31 & Power 5% 15 com.. pref..100 conv Warrants Internat Petroleum Coupon shares..* Registered shs * Internat Prod 21% 28 Internat * Silver 50 7% preferred. .100 Interstate * 6 Airplane Engine 10 14% ry 92 13 16% 33% 15 36 7 19 4 6 1% 5% Intertype Corp 5* 22% 9% 10% 123 7 8 % 2% 7% 100 2% Bakeries* 1 19 Mills * com * 10% 10% Ironrite 5 93 98 88 95 2% 4% 3% 6 29 27% *110% May 21 Ironer 10 Irving Air Chute 1 Irving (John) Shoe.l Preferred Jenkins Bros % 10 25 * Cereal Jersey Tea Jewel * Johns-Manville ""% * 7% preferred..100 Johnson Oil Ref—* 3 10 10 1 3 6% 15 14 36% 49% 123% 3% % Johnson-Stevens & Shinkle Shoo —* .28% "10% 8% 5% 12% 3% 12% Preferred w w._25 % Jackson (Byron) see "B" 2 Jacobs (F L) Co 1 Johnson Pub. "% 75 Interstate Home— Iron Fireman vtc__* 108 5% 29% 10% Johnson Tin Foil & Metal 100 13% 60 50 60 Jonas & Naumb'g2% Jones & Laughlln 1% 1 2 4 Steel common. 100 $1.50 conv pref.20 Houston Oil (Tex)— Vot tr ctfs com 25 Vot tr ctfs 6% pf25 13 16 20% 51% Houston Oil Field Material com 52 57 14 17 26 27 Howard Aircraft. „_1 10% 9% 10% 9% Howe Scale 28 Hubbell 3% 14% 1% t New stock, 4 16% 2 * 14 _I6n (Harvey) 50 55" 14 16 com 1st preferred. x 7% preferred. .100 Joy Mfg 30 Canadian price, 15% 89 $5 preferred * Interstate Dept St's* 7 % preferred-.100 24 Houdaille-Hershey— Houdry Process. _!o 55 Equipment 1 Interstate Hosiery— 6 18 3 9% 25* 88 24% 21% 131% 9% Internat Pulp * Preferred 100 Int Safety Razor B_* Internat Salt * Int Vitamin Corp__l 16 40 12% 46% 2% Interstate 22% 2% 37 20% 3% 17% . * 5% * 15 6% preferred ..25 7 % preferred 100 Hotel Waldorf-Ast 1 Class B 1% 14 4 cum Int Text Book 90 Class A 140 109 7% 11% 95 34% 16 (Can)..* pref..100 International Paper Int Nickel 10% Horn & Hard't Bak * Hotel Statler com.* 10 31% 17% Internat Shoe 63 6 6 1% 18% 144 ._* Jefferson Lake Sul 123% 2% 7% Ind Jarvis (W B) Co...1 Jeannette Glass—* 86% 121% 70% il* % 14 5% 138 40% 34 .100 2% 48* 79 Publishing pref..* 28 5% nreferred % % 37 Internat Elevating40 Int Harvester * 8 6 pref.:i25 Nominal, _. 7% 87 19 5 y% 6 % preferred 100 Intercont Rubber..* Hormel & Co com * Horn (A C) com..._l Prior preferred. .5 Horn Hard't(NY).* 22 Greyhound Corp * 5%% preferred. 10 Griesedieck Western Ingersoll Hand * 6% preferred.. 100 Inland Steel.. * Interchemical Corp * 29% 22% 3% 2% 5% % % 1 Indus Accep Corp— Cum pref. 100 Indus Brown Hoist— 1st pref 10 Industrial Rayon..* 29 22 1% 5 1 9 com 1 Terr Ilium OH non-vot A Class B » 45 7% preferred..100 Greenfld T*p & Die* $6 preferred. .100 $1.50 preferred. _* Green (H L) Co 1 Indian Horder's Inc 19 (Ohio).1 Pap 25 7 11 40 6% pref 100 Great Lakes SS * Great Lakes Term Holt (H) & Co A. * Hooker Electro Chemical com. 100 Preferred .. 100 16 6 10% 100 Pac Tea Non vot com Holly Sugar. 7% preferred ..100 14 7 5 Furnace. 10 Holophane Co * 15 $3 pref * Indiana Pipe Line 10 Indian Refining..10 7% * Hollander(A)& Son 12% Internat Educational 7% preferred...21 Common 5 13 10 2 preferred. .5 conv 23% Preferred 10 Indiana Gas & Chem Common 5 20 10 1 Chem Am dep rets ord £1 Indian Motocycle..* 17 5 Preferred... Hickock Oil cl A 32 Granite City Steel.* Grant (W T) com.10 5% preferred 20 Graton & Knight.. * W'house Common 106 22 Brit & Irel'd Int Business Mach.* Int'l Cellucotton..* Int Cigar Mach • 25 1st B pref 25 Hiawatha Oil & Gas1 22 28 9% 87% 11% 2% 1% of G 92 Common 11 com 20 Heywood-Wakefield 28 Raps Varn.l Grand Union— Great Nor Hevden Chemical. 10 2 32 108 £1 90 5 20 7 % preferred.. 100 12% si* 47 Hewitt Rubber Holland Brew common 17 11 17% 106 * Silk 6 6% 89 % 4% * 10 $3 preferred Hosiery . nref__._* HInde & Dauch .78 55 r 50 Great West Sugar..* 89 5% 4% 85 100 conv 14% 72% 14% 71 A 1st preferred. .100 Great Lakes Paper— 16% 3 4% Hershey Chocolate. * Hilton-Davis Gt Atl & it* 2% 4 Helena Rub'stein..* Class A * $1% 13 15 14 1% pref..50 11% 49% 46% * com com 99 95 * * $5 preferred Goodyear Tire & 33 Without par value, Good Humor Corp Goodrich (B F) Preferred Gorham Tnc 24% 30 _ Gannett Co Inc— $6 conv pref Garfinckel (J) & Co 21 55 120 "%6 5 $4 50 PrefoiTed i % 2% ♦ 18 Stores Preferred 2% $1.80 prior pref. * Gray Mfg Co 10 82 pref 74 2 _* Preferred 12 i y 2y 10% 50 10 4 53* * 28 Gabriel Co cl A * Galr (Robert) com_l $3 Preferred 10 Galveston Houston* Gamewell Co * Class B Gotham 132 8% 1 Hershey Creamery 25 1% 8% Royalties ..1 Hercules Cement- .* Hercules Motors * 6% 23 30 Imperial Tobacco 150% 69 * Grand % ,1* conv pref 15 Fruehauf Preferred * Gobel (Adolf) Co.. Godchaux Sugar— Graham-Paige Mot 1 8% 16% Partic * Gorton-Pew Fish. lGy Froedtert Grain & _ Wernicke 8% 19% 1 ..5 Hat Corp class A..1 Powder..* 6% preferred..100 1% 7% 18% Diecasting Hercules Indus rets 25c T% 7% HaskeliteMfg conv 6% pref 100 Hydraulic Press Mfg Common 5 6% conv pref. .25 Hygrade Foo 1 Prod5 Hygrade Sylvan * 6%s conv pref * Ideal Cement 100 Imperial Chemical 7% ... 6% 40* 100 com of Canada com..5 Harvill Aircraft Hearst Consol Pub— 7 % class A pref.25 Hecker Prod com__l Brick " 95 19 Hartman Tob * Harvard Brewing. _1 Dept Preferred 100 k Huylers Inc.,com..1 7% prefunstpdlOO 7% prefstmpd 100 Hyde Park Brew. 10 Hydraulic Press 17 110 Common.. 50 Huttig Sash&Door 5 "6% $5 preferred.. .100 Hart & Cooley 25 Hartford Times * Hearns 8*' Preferred 6% 3 n-v l 5% 11% ~6% * Class B Common 5 Hunter Steel com..* 6 %. preferred-. .20 Imperial Oil Ltd...* Registered shs' * Imperial Tobacco 1% Harrisburg Steel Harris Seybold Potter com 3% 52 2 50c 30c 1 7% non-cumpflOO Hendey Mach ..._* Hendrick Ranch 36 Gorham Mfg y 13 y 20" 100 96 7 116% 5% pref. .100 Canada ~i5k 7 Franklin Co Coal— Preferred .10 Preferred 7 18 6 32% Publish $5 conv pref * Goodyear T & R of 15 Fox (Peter) Brew..5 6% 50 Helme (G W)..__25 6% 12% Rubber 2 25 47 6 __ Apr. 18 14 Wheeler. .10 57 conv pref * Foundation Co 1 Foundation Co 6 4% 12 Preferred * Goebel Brewing Golconda Petrol...* 9 10 5 6 Goodall Rubber Foster 39 * Goldblatt Bros 1 Ft Worth Stk Yds. 4% 4% * Co Class A 1% 3% 3 * 6 Co Globe Preferred 100 Foote Burt com » Ford Motor Ltd— F-R Publishing 3 4% 36% 4% 4% 41% 4%% conv pref 50 Globe-Democrat 21 103 % & Ford Motor France Am dep rets k Foremost Dairies..* Formica Insulation * J* 39 Preferred * Gillette Saf Razor $5 conv pref * Gilmer (L H) 5 Gimbel Bros.. Glidden 100 Foote 28 Glen Alden Coal 20 4Kb convpref.100 / ' 26% 4% Gleaner Harvester.* 55 Food Devlces--._20c Food Machinery. .10 ^ 4% 3% 25 2 * $6 preferred Gladding McBean Follansbee Steel— 27 25" 50 (James) Hazel-Atlas Glass.25 Hazeltine Corp * 6 Gilchrist Co - Flour Mills of Amer 41 26% 7* 50 Arrear ctfs Gibson Art 39 9* 102% 3% 3% 2% 2% 1 Preferred 50 Preferred 6y% prefww 100 Hatfield-Campbell * Prior preferred .12 Partic pref 100 Haverty Furn Cos— Conv pref _* Hawley Pulp & Papl $7 preferred * Hayes Indus 1 Hayes Mfg 2 Haytian Corp * 12 11 i_5 Flsk Rubber Corp.l Flintkote Co com. » - 12 96 1 com com w Fla Portld Cem u 95 22% Giant Portland Cement 8% 11* 9 *18 16% iy103 pref A 100 cum Genessee Brew A 10 ser 7. % 10% 90% 21% 11% 3 _ 5 7% 103% 19% pref-..-* 6 ^preferred. 100 Gen Tire & Rub— 6 1 Firestone Tire & Rub cations com 68 100 Gen Time Instru.i* Finch Telecommuni¬ '41 63 7 15 3 126 4 15 22 6% preferred.. 100 5 10 16 100 . Harshaw Chemical* Harblson-W alker Refractories com * 40% 118% 27* $6 preferred ,100 Hammermill Pap. 10 Hammond Instruml 80 Steel Casting.* $6 13% 13% Harlow Aircraft 120 16 share Fibre Hussmann-Ligbnier » 8% 12% 12 19 3% 36% _ General Shoe % 28' Gen 25 8 95 5 $6 preferred Gen Rayon A stk. Gen Ry Signal i* Haloid Co. 5 Hamilton Watch._* Preferred Hanna (M A) 115 118% 1 . 100 com—5 Hall (W F)Print'g 10 76 6% preferred-.100 General Print Ink. —-* Preferred Hall Lamp Hummel-Ross 3% 50% Hupp Motor 2 Bid Per Hudson Mot Car. Humble Oil & Ref. 12 6 Alabaster Ltd. * Hajoca Corp Par 18% Gypsum Lime 17 * A 25 90 * Glass Gulf Oil Corp 18% 10% 1% 14% 1% 26% * $5 cum pref * Happiness Candy.. * 113 * Common Warrants Hanley Gen Outdoor Adv't'g 5th Ave Coach—25 % 38% preferred. 100 5% Federal Match units Mills Engineering com 1 Guantanamo Sug__* 8% preferred.. 10G Gulfboard Oil 1 12 40 Preferred _ 17 15 Grumman Aircraft 39" 109 1% Fashion Park com.* preferred-.25 % 4% % 4% .1 Gruen Watch 5y Preferred 10 Gen Amer Trans..5 1% 2050 1850 Stocks share 1 % Groc Smre Prod.25c 9% 6% Fansteel Metallurg * Radio 1 3 3 Ask Bid Per » Alloys Co $8 1st pref 8% preferred- 100 Fairbanks Morse. _* Par Stocks Preferred 10 General Amer Oil of Texas common—5 35 - 25 Fair (The) Chicago * 7 % preferred- -100 Ask »f the month preceding the date of issue Per share Gen .... STOCKS MISCELLANEOUS Bid Par Stocks share % & near as peaalble for the closing day are m Ex-divldend. Julian & Kahn's 1st ... 1 13 Sons..* 100 55 14% 28 Kokenge—* (E) pref 2 21% 16% 13% 100 Kalamazoo Stove & Furnace com—.10 10 10% JUNE, 1940] INDUSTRIAL & Stocks Ask Bid Par Per Kane Carburetor.. * K O Stk Yds Me. 100 Preferred Kaufman Per Lionel Lion Match-.—.-* 75 80 Lion Oil Refg * Upton (Thomas J)— Class A 1 St's 9H 5% conv pref.100 Kaynee 10 ► Preferred.. 100 Kayser (Jul) & Co.5 82 1034 9834 8X 98 pre' 100 Keith (Geo E) Co— 7% preferred.. 100 103 X 100 Loblaw Groc Ltd A* 21 * Locke Steel Chaln.5 Lockheed Air Craft .1 Colorfilm 20 Kellett Autogiro 1 Kellogg Co.. Kelly Springfield » 1 17 34 X IX 1834 5 common 154 Conv class A pref--* cum -* 16* Kendall Refining.10 Kennedys Inc. —5 $1.25 con v pref—* 5 iox 5X 29 X 2h 1634 Ken-Rad Tube & Lamp A * Kensico Cemetery Association 100 334 3X 30 33 1034 Kentucky Stone vtcl Key Co common * Keyes Fibre com_ * 8 * Common nx ox IX Class A * 5 preferred.. 100 2nd preferred. .100 Lorillard (P) 10 7% preferred--100 Preferred * 40 50 * 11 nx Keystone Watch Case 16 2-3 Kimberly-Clark * 38 42 4* _ common 6*' Kinner Motors 1 Kinney (G R) Inc.-l $5 prior pref * KIrby Lumber--100 Kirby Petrol 1 Klein (DE) Co * _ 134 45 59 116 2134 234 IX ^* 9 534 1854 X 3% 73" 78" 56* 7% preferred.. 100 Koppers Co 6%pfl00 Kresge Dept Stores 1 4% preferred.-100 Kresge (S S) Co.. 10 Kress (S H) * Special pref 10 Kreuger (G) Brew_l Kroger Grocery & Baking common.* 1st preferred._ 100 Kysor Heater 1 Laclede-Christy Clay Products * 3X 75 1954 23 3k 24 1VA 434 12 X 5 25 25X 1934 120 4 "OX 5 15 17 1 44 48 1H 21X 8 18 ,* 1934 * r 100 r 1554 110 2154 9 22 X 9X 2X _ 434 IX 16 Power Implem 1 Mission 10 111 Lakey Fdy & Mach 1 Lambert Co * 25 2Vs 13 3X 13 X 23 25 Landis Machine. .25 Lane Bryant Inc 7% preferred Lanett Bleachery * Lane 11X "3 34 1 75 4 Rubber 9 * Mapes Cons Mfg..* Maple Leaf Mill * Margay Oil Corp..* 10 Bakeries class A_* 9 15X * 3 6 1 334 4 Lautaro Nitrate A_1 20c 10 * 4 Lebanon Steel & ir.l 50c 12 3 Lee Rub & Tire -.5 34 17 A Lefcourt Rlty Corp 1 Conv pref * Leh Coal & Nav...* LehPortl Cement.25 2% 1% 1654 4% conv pref. 100 6X 3X 17 X 234 2 * 25 28 10 10X 13 X * 6 Leonard Oil Devel 25 Leonard Larner Refining.3 * Stores 100 1 LeTourneau (R G)1 Lewis (Edgar P)pf 10 Ley (Fred T) & Co * Libbey-Owens-Ford ♦ Liberty Aircraft 1 434% pref Lessings Inc Liberty Baking Preferred Life Savers Corp.-5 Lig & Myers Tob-25 Common 25 B 7 ^preferred. Lily Tulip Cup Lima Locom 20 54 2134 IX 22 X 32 Mtge 33 X 7 2^ 4* 534 33 X 5X 35 92 93 92 IX McColl-Frontenac Oil Co ♦No par value. .100 Midwest pref.. 10 Monsanto Chem__10 $4.50 pf ser A * Cum pref ser B._* Montgomery Ward * 33 X f!l9« 7X * A Monticello 25 Tobac-.l Monumental Radio 1 2 Moody's Invest Serv part pref * Moore Corp com..* 18 150, Preferred A 2 162 39 2% 4054 234 99 X 22 X 40 10 Morse Twist Drill & Machinery-.100 Mortbon Corp A..1 45 11 Co Ltd 5% conv pf A. 100 \ 12 5 6 Rad cl A._* B * 4 93 6 IX 11X McCrory Stores 1 Conv 6% pref.100 95 McGraw Electric.-1 19 Pub.* 534 American shares. IX 11X 1053k 19 X 5X McKeesport Tin Plate com 10 McKesson-Robb'ns 5 OX 18* $3 conv pref * McLellan Sts com.l ox 4X 19 X 6 90 Mueller Brass Co..l Mullins Mfg Corp— Class B 1 $7 conv pref * Munsingwear Inc..* 97 2934 5X 834 "5 H 02X 78 70 * M* 126 10 1054 * $6 preferred ser \* $5.50 pf ser Bww* Melville Shoe new.l "8X 5% preferred. .100 Mengel Co 1 5% conv 1st pf.50 com itVi *Last sale. il* n "C" units 128 26" 107 14 Murphy VarnishlOO Preferred 100 Murphy (G C) 9 2 . Motor Finance com Conv preferred..* Motor Improvem'tl Motor Products—* M0t Wheel Corp. .5 10 Mountain Prod Munson SS pref A_* 5 H * 5% preferred. .100 Murray Corp 10 Murray-Ohio Mfg.* Muskegon Piston Ring com 2.50 Muskogee Co----* Preferred 100 5X 100 634 105 r conv 5 1034 554 * com.l 71 pref..* 1534 Lead—10 National 100 6% pref B 150 100 60" Nat Licorice com 100 6% 95 prefer-ed_ 100 434 Nat Lock Washer.20 Nation'l Malleable & Steel Castings. — Nat Paper & Common 1 40 3334 Type— 1 5% preferred 50 Nat Pumps Corp..* Preferred 10 Nat 163k * 5 34 % preferred. . * Nat Oil Products-_4 .10 Radiator Nat Refining com..* Nat Rub Mach * 2lM 2* 4 234 334 Del..* 4 $6 preferred—100 60 Nat Steel Car Ltd.* 22 Nat Steel Corp—25 Nat Sugar Refg. * 5134 Nat Shirt Sh Supply— 7 % preferred 100 Nat Supply (Pa)-.10 534% pr pref.. 100 7 10-year $2 pref.40 6% prior pref.100 Nat Tea common. _* 10 Preferred 1 Canadian price. 12.50 Nat Union Radio—1 * Co Natomas 134 8934 11234 1153-s 3634 113 141 145 134 23 234 90 118 3634 2 26 21 23 3534 3734 150 Navarro Oil _* Nazareth Cement .10 Preferred 100 Nebel (Oscar) pref.* Nehi Corp com new * "34 * 5 2834 8 27 454 6 134 9 34 734 834 4 92 134 934 8434 1 4 54 % conv pfd 100 Nelson (Herman)..5 Neptune Meter A. * 8% preferred. .100 _ Nestle-Le Mur cl A * 70 3 534 82 00^ Newberry (J J) Co.* 38 5% preferred-.100 90 Cord¬ Bedford New 5 6 100 age common Preferred 114 734 * 33 35" New Eng Gr'n Prodi 28 32 New Britain Mach New X 33 _ _ 1st preferred Neisner Bros England 7 Lime units ._* 54 60 New Hav Cl com..* 333k 37 New Idea * com 6 9 ,334 11 434 1134 New Mexico & 7334 74 34 Arizona Land—* 85 90 1 2 2 22 25* 88 93 1031 13 1034 1334 4^4 1634 1734 2 5 1 7 * 30 N Y Auction * N Y Air Brake * N Y Dock 120 Newport Indus New Process Co 110 * $5 934 17 234 3 pf * 334 554 7 19 Founders shares. 1 14 100 t 134932 7% pref N Y Transit 5 5 Niagara Alkali pf 100 1 734 35 334 34 434 6 734 1934 18 13434 108 Nicholson File * 2734 * 6 30" 3034 Corp— Class A com 1 7 "9 10 Niles-Bement-Pond * 60 64 20 Noblitt-Sparks Noma Elec Corp 2134 354 1734 2434 24 334 Class B com 5 1 North Amer Avia__l North Amer Cement 32 62 non-cum 234 33 N Y Merchandise-10 N Y Shipbuilding— 1 1900 2X 20 66 4 1754 1254 6 108 434 834 1334 734 Common 1 134 Class A pref Class B pref 1 2 234 334 1 Refractories 5 7 Class 10134 434 734 A * 134 Class B * No Am 6 34 % preferred 100 North Central Texas Oil Mutual System— See Invest Cos Nominal. 10 -.20 1 Gas Nat Transit 3734 9X 734 StpK_* National Tool 34 81 23 35c 1034 "634 * {Called July 1 at $110. 20c "634 100 52 28 X 1 Judson— Mtge Bk of Colombia 22 27 X 10 Molybdenum Corp 1 Monarch Mach T'i * 32 98 X 20 * 6 144 17 8 ism 214 4634 107 X i§* 334 105 100 Mead Corp com .5 8 17 100 17 X Preferred Link-Belt Co 33X 7X 23 y8 6 % conv pref.100 McQuav NorrisMfg* McWilllams Dredge* Lincoln Stores 3 37 734 Rubber. _* Moloney Electric A* 93 20X Mead Johnson 47 37 35 * pf w w ..* McCahan Sugar Refining pref-. 100 McCall Corp * Preferred 2X Preferred B —100 17 334 2X 10034 30 Moore (Tom) Dist.l Moore Drop For A.* Morrell(John) & Co* Morris (Philip) 175 2H 98 40 X 14 1634 17 34 1 3734 QQ 24 168 J4 Wk*. * 11* 35 il* * preferred .50 Line Material 93 334 1134 534 92 cum McGraw-Hill 10 Monolith Portland $3 Class 10034 134 634 il* 23 X -100 Lincoln Service.. 100 Prior il X 17 30 * 7 % preferred- -100 May Dept Stores. 10 Maytag Co. * McCord 9 3 * Preferred Preferred 77 634 Lincoln Bldg v t c_ .1 Lincoln 2Vs 6 * 100 Lib McNeil & Lib .7 "X 2* 74* 105X 2734 106H 1034 434 44 1st $6 pref 234 Lemp (Wm J) Brewo 27 Monogram Pictures 1 100 1 Math'son Alkali X 2X $4.50 Carpet--20 20 preferred...50 Enara & 7% pref A 3 Mohawk Vat Natl Gypsum 5 _ 334 534 1834 3734 * Class B 334 Preferred. 4134 934 Master Tire & Rub* Lehn & Fink Prod.6 Leland Electric 6% preferred. .100 Marshall Wells pf 100 Martin (Glen L) 1 Martin Parry Corp * Masonite Corp * 5% A'conv pf.100 Massey-IIarris * Preferred Master Electric 18X 12* 3 Mohawk 4X Dist ^od 6% Barge Voehringer.Co2.50 29X 10834 10634 Nat Food Products Class B 2 100 Rockwell..1 4* 104 Lebtgb Valley Coal * 6% cum conv pf 50 Lehigh & WilkesBarre Corp Shov—* Preferred Lawrence Portland 100 34* Marshall Field & Co* 30 25 25 common 954 if* National Drug— 5 1 Mock 100 26 9 4X 15" 3VS Maracaibo Oil Exp.l Marlin 8 2X Valley 8 National Mo Port! Cement_25 \* 1.90 100 Marathon Paper.-25 Preferred 100 Class B Vat 1 Miss 11 X 7X 25X 16" Lanston Monotype Machine Co.. 100 4 Missouri Kansas 95 Lanova Corp 3X Pipe Line A com Marion St 1 A common B common * 934 Langendorf United 134 Mississippi Glass— Line Manufac's Trading 1 Preferred 10 Preferred 39 Wells Co f>ment Oil Mansfield Tire & Landers, Frary & Lea Fabrics Dry Corp.l Mission Feb. 27 12 1 $6.50 cum pref..* Mission Corp 10 2% 100 Shirt.25 ,34 j?54 95c Minneapolis-Moline (B). * 28 5 Gas 1 Nat Dairy Prod—* 7% prefclass A100 7% prefclass B100 Vat Dept Stores * 6% preferred —10 Nat Mfrs &Stores..* Minn Min & Mfg..* 12 38* 14* * 75c IX ox 5 8% preferred 50 Milton Bradley pflOO Minneap-Honeyweli Regulator ._.* 4% pref se- B.100 X 1 4X * Miller (I) Sons com 83 i* \VA Inc.-* 4* 1* 12 X 100 Refin 1034 Nat Cylinder 534 Supply common.* 27 3^ 7 86 Nat Container (Del) 1 % Midwest Piping & 12 8 * Nat. Cash Reg * Nat Chem & Mfk__l 5X Mid vale Co 19X * $7 Preferred Corp— * pref 8% 1st pref 100 $2 n-cdlv shares.* 11* Midwest 1 6 Co common 115 Oil conv Midland Steel Products com.* 85" com Vat Casket 1 Class B vtc "IX 15?' preferred. .100 2d preferred—100 Class A 22 $2 "5" 5c 634 734 Aluminum Fdy..* Net Fuel 1 16 * National Candy—♦ 334 Class A vtc Midland 1731 15534 Nat Breweries 1234 ~1X 1 10 7% preferred. .100 Vat Biscuit 33k % _ 95 Maltine Co Preferred 1 Mid-Cont Petrol. 10 Middle States Pet— 27 115 Mid-West Abras.SOc Midwest Oil 10 10 75 Manischewitz .1 Bellas-Hess Vat 1st Airlines— Common 10 25X Preferred * Mahon(RC) $2 pf.* Mahoning Invest 100 Majestic Radio & Television cora__l Major Marketing.-1 Mai lory (P R) * Bros 10 Micromatic Hone__l Midcont'l 130 10 Mangel Stores $5 conv pref Sugar...* Preferred. Manning Bowman Milling.! Clark Michigan 90 * Manhattan Lake of the Woods Preferred 15X 1 Mandel 5K 20 Lago Petroleum Corp 5 Lyon Metal Prod. 10 MacAnd & Forbes 10 6% preferred-.100 Macfadden Newsp.* Macfadden Pub—* Option warrants. Oil Preferred 6 X% Pref 100 Luscombe Air pi. 50c 119 14 1 Gas & 234 45 102 1 OX 834 National Bronze & 2X 30X * Mich Steel Cast 1 Mich Steel Tube.234 IX 54 no54 5 100 - 1754 634 Fibres common -.1 * Mich 20 140 * Manati Sugar com 28 1 7 com 27 5 Lunkenheimer Co— Razor 60 6% conv pref. _10 Nat Bearing Metals* Preferred 100 Machine Preferred IX 334 734 ?* 2X 50 X X Mich Bumper Mich Chemical 138 X MacWhyte Co— 8% preferred..100 Macy (R H) Co Inc * Mad Sq Garden—* Magazine Repeater 634 * 54 * Meyer Blanke Co. 100 110 Mack Trucks Inc.-* 34 50 com 1 170 4X National Automotive Metal Textile Corp Common 25c Partic pref'ence.15 15X 109X 20 Preferred 11 4 60 Common 10 Mexico-Ohio oil...* Mexican Petrol 1 140 18 Nash-Kelvinator —5 Nast (Conde) see O Vat Acme Co 1 Meteor Mot Car 234 934 48 X 5 25 Co Nash 754 -.1 com National Airlines. .1 Mesta 13 pref Assn 15 634% pref A100 51 n-c 14 62 Warrants Mesabi Iron 30 ii* May 15 6 Scott Per * Preferred 23 X 48 Lukens Steel — Merritt, Chapman & 30 Stocks 1234 Merrimac Hat 20 X 105X Lynch 154 1134 * Laclede Steel 7* 52 Knott Corp 1 Kfluasen Creamery- Kobacker Stores 7X 48 * pref May315 23 10 k Preferred cum 3 40 Louisville Cem,--100 5% is x Knapp-Monarch __* 6% 1 Preferred 100 Merck & Co com..] 12* Metrop Playhouse.* Ludlow Valve com.* 3134 Preferred 100 k 11234 OX King Oil 1 Kingsbury Brew 1 King Seeley com__l I Kingston Products. 1 Kleinert Rubber. 123k Louisiana Ice & El .1 Keystone Steel & Wire 91 . 15* Loudon Packing—* 5 Jst 37 15 Transportation. * Merchants Refrig..* MX * Cement com Myles Standish vtc* Nachman Springf..* Narragansett Racing Preferred 100 Merchants & Miners 5 115 45X * Longwest Corp Loose Wiles Bis..25 5% preferred--100 Lord & Taylor-.100 Myers (FE)& Bros.* 13 9 9 1134 Metal & Thermit. _* Preferred 100 preferred—100 Longhorn Portland $5 "fx 15 A-_* Long Bell Lum Bid Ask share Mercantile Proper.5 Mercantile Stores. 100 18H CandyCorp—1 Lone Star Cement.* 10 1 1 B JX 91 Loft Kelsey-Hayes Wheel 1954 18X 10 X 29 X 23 $6.50 Par 11 Bid 8X 9X 30 Loew'slnc. com—1 Loft Inc 89 STOCKS 6% preferred.. 100 Mereenth'ler Lino.* 11X 2X Locomotive Firebox* Par Per * Brothers Class B. 16 Keller Dorian Class Ut Preferred conv Tire 6% preferred—25 Liquid Carbonic—* Stocks share iex Mar. Liquidometer Corp 1 7% Keith-Albee-Orph— 7% 7X 8X 8X Corp.——10 4l" 1 Ask Bid share 37" 100 Dept Common Par Stocks MISCELLANEOUS possible for the closing day of the month preceding the date of Issue Quotations for all securities are as near as fNew stock. -..5 14* 234 90 MISCELLANEOUS STOCKS INDUSTRIAL & the month preceding the date of issue Quotations for all securities are as near as possible for the closing day of Per Par share 34 34 " 30 7 734 * 24 28 50 60 68 6 734 18 Pharis Tire & Rub.l 434 50 Phelps-Dodge 25 Phila Dairy Prod—* $4 preferred * $6 preferred * Phil & Read C & I-* 2834 334 2834 434 Reed Roller Bit Reeves (Daniel) 25 27 63 66 Record com.* 3 5 —100 20 25 634% pref--.100 Regal Shoe pref.100 Regent Knitting Mills Ltd * Preferred —25 234 234 25 32 1534 1634 28 33 5 6 1 1 Phila 134 134 1 24 100 140 * 17 1834 Machine Corp Ohio Leather. Ohio Match * 25 28 * 15 9 17 " Ohio Oil a. - - 1034 6 534 6% preferred—100 94 96 Ohio Rubber * Ohio Seamless Tube5 5% preferred • 100 125 10 834 22 20 1 1 134 100 75 90 6% preferred-.100 75 80 4 1 Oliver Farm Equip * Oliver Un Filters B * Omar Inc 4 7 Ohio Brass B Ohio Forge & common 3 5 * 1 Oldetyme Distillers 2 Reed Drug com * Reed Prentice com. * Pfeiffer Brewing—* Oceanic Trading. 10c Ogilive Flour Mills.* Okonite Red Rock Bottlers. 1 1334 _ Oil Exploration /% % 534 134 234 Petti bone Mul liken * 3 2 Phillip-Jones Corp.* 7% preferred-.100 Phillips Packing— * Phillips Petrol * Phoenix Hosiery—5 7% preferred-.100 Pick (Albert) com.l Pierce Butler Rad_5 Governor—* Pi ere* 234 5 34 34 334 434 27 35 3034 40 2 3 3 134 2234 23 Piper Aircraft..... 1 "734 "834 19 21 * Pitney-Bowes Post. * Pitts Coal (Pa).. 1.00 6% preferred-.100 ~ 5 6 6% preferred.-100 Oneida Ltd coml234 Preferred ..25 Oppenheim Collins * O'Sullivan Rubber 1 62 70 16 28 1734 2934 334 234 Pgh Metallurgical 10 11 10, 79 Pitts Screw & Bolt.* 7734 534 634 1834 Otis Elevator * 6% preferred.. 100 Otis Steel ♦ 128 7% 2234 $5.50 con v 1st pf I * Outboard Marine & Manufacturing 5 Outlet Co com ♦ *% preferred—100 Owens-IU Glass. 12 34 734 2634 2034 4034 11534 21 Package Mach 1 14 254 9 434 7 9 534 6 37 234 63 1334 1234 634 834 6 $50 par B 105 Pan-Amer Southern! Panhandle Prod & Refining com l Pantepec Oil Co— 5 American shares— Pantex Pressing 234 Machine common * Preferred * Parafflne Co Inc..* 4% conv pref.100 Paramount Motors 1 Paramount Pictures 1 6% 1st pref._.100 6% 2d pref 10 Parke. Davis Co..* 3 Parker Pen Rig 434 3334 9 10 1734 10 11 734 934 15 18 634 107 Laboratories* 20"" 17 334 434 3 4 10c 50c 3 5 134 4034 1234 43 49 7434 x 43 1034 * Penick & Ford * Penney (J O) Com.* 134 734 7 * Class B 8 1 & WilclO Peerless Cement * Peerless Weighing & V ending com 1 Preferred Peet see (Rogers) Pelham Hall vtc.-l Pender (D)Groc'y A* 75 2 Air¬ Pa-Dixie Cement. 1434 234 234 1534 134 2 . 7% conv pref A.. Penn Glass Sand— Common v t c 12 105 Industries— Units 25 Penn-Mex Fuel a 15 234 * 234 134 134 5c 10c 134 2 16 Without par t New stock, 22 1534 16 228 248 234 2334 value. x 76 1634 1634 1134 8 50 45 _ ^ 34 34 34 Preferred 34 1 8% preferred..100 5% preferred-. 100 Timber Preferred 20 Pullman Inc * Punta Alegre Sugar * Pure Oil Co * 5% conv pref.. 100 6% preferred.. 100 Purity Bakeries...* Pyle National Co. 5 Pjrene Mfg 10 Quaker Oats * 6% preferred.. 100 Quaker State Oil. .10 Quincy Market Cold Stor & Whse__100 Preferred 334 25 a Called Ex-dividend. Co * Chem.l Corp of Am. * $5 pref B _* $3.50 conv 1st pf * Radio-Keith-Orph. • 1 common New preferred-100 preferred 100 Corp pt A.* Randall B 10 Class B Bobbins & Myers. _* Preferred 25 Robertson (H H) * _ . * 30 1134 Preferred 100 Rome Cable Corp.5 Roosevelt Field 5 5434 5534 Root Petrol Co 113 34 $1.20 34 9 3" 334 105 1734 1934 1834 1 $2.50 conv pref..* Ryan Cons Petrol.* Ryerson & Haynes.l Safety Car Heat 6 Ltg (Del) 50 734 734 7634 78 70 82 934 734 434 Safeway Stores * 5% preferred. .100 10 834 6 97 145 12 6 51 5134 34 134 33 434 334 55 1734 2234 434 5"" 100 434 34 1 2 6 7 14 16 100 10 .100 St L Rocky Mt & Pacific Co.. 100 _ _ __ Pre'erred Preferred 7 16 1634 * common $3 conv pref Rayomer Inc com. * _ 1 $2 cum pref....25 Raytheon Mfg..50c 6% preferred 5 Real Silk 34 21 1134 .... 13" 7% cum July 1 37 34 1634 27 1634 2734 1 34 34 34 934 134 ii" 234 134 2 a 534 at 5 pref.. 100 111 V*. 234 32 234 4034 d Called July 1 1 Sanborn Map 25 Sanitary Co of Am 8% preferred .100 Preferred com.l 834 Units. — Savage Arms at 11134. e 75 107 Smith (A O) Corp. 10 Smith & Corona 11 Typewriter vtc—♦ Paper Mills.'.* Smyth Mfg 25 Snider Packing * Socony Vacuum. .15 — 1 Aircraft Conv A 20 * 1 pref Mfg Called • June 834 1534 734 334 734 34 14 18 Sonoco Products—5 26 42 47 Sonotone Corp i334 Conv preferred—1 Sos8 Mfg common. 1 134 1134 334 134 116 13 1 12 South Coast Corp.-l Preferred 100 25 1034 South Penn Oil—25 30 42 So Porto Rico Sug_* 234 10 934 35 3 34 134 134 134 8% preferred.. 100 2034 128 South Shore Oil & H Development.. 100 38 4134 3834 39 97 97 34 34 S'eastern Greyhound Lines common.-.5 1034 11 19 20 6% conv pref. .20 Southern Advance Bag & Paper $2 pf 6% pref. 85 26 Southern Groc com* 99 "434 II"" 16" * 1734 19 Preferred Southern, New England Ice cl A — South 'n Pine Line 10 17 1634 Phosph.10 Sou Webbing Mills.. Southland Royal..5 Southern 120 1734 5 34 Pipe Lines 10 Spalding (AG)&Br.l 1st preferred —* Sparks-With'gt' — * 15 1 234 53 534 34 234 5434 534 34 103 97 18 4 834 134 734 3 34 3 34 8 5 5 8 534 534 South West Penna 134 4 55 95 1 34 1334 34 Sloss-Sheff S & 1.100 Solar 1834 25 100 San-Nap-Pak 5 Smith (Howard) 35 * Salt Dome Oil Samson United 8 734 15 Spear & Co Pap com..5 2 $6 preferred—100 134 17 100 Preferred Hosiery Mills common St Regis 34 6 10534 20 Skinner 26 1034 15 Stock Yards Raybestos-Manhat * Raymond Concrete 18 r 20 com Skelly Oil. Organ 7 534 St Paul Union 36 Simplicity Pattern. 1 Simpson Ltd B * Singer Mfg 100 Singer Mfg Ltd... £1 Sioux City Stock SIrian Lamp com..* Preferred * 100 St Louis Screw— & Bolt com 21 * Preferred 7 100 St Louis Car Preferred Common Yards Paper— Preferred 95 29 com St Lawrence 434 65 % 134 334 34 60c Co 7% pref...100 1 Preferred 434 134 Simonds Saw & Steel 134 3 Mills 1 34 434 6 134 Corp.* conv 1334 * 434 pref 50 St Lawrence Flour $2 4 100 St Lawrence 20 * Pt 5 334 Paper...100 Preferred * Pub preferred Simmons Hdw & Simms Petroleum. 10 Simon Brewery 1 Simon (Franklin) A 6% preferred-.100 7 % preferred-. 100 St Croix 100 142 1034 Royal Typewriter.* 7 % preferred. .100 man Simmons Co Solar 21 8 34 134 85 Rustless Ir & Steel. 1 1834 634 Royal Dutch Co 1834 6 10 Simmons-Board Rose 5 10&25c Store Ruberoid Co * Russeks 5th Ave .2 34 Russell Mfg __* 105 8 * 34 1 "8 r * Silex Co 22 pfd_20 conv 100 ft O 96 34 68 Shuron Optical Common 100 of N Y ord shares. 30 Preferred 4 3534 10734 434 * 95 634 34 134 * 2434 34 1134 230 Sher-Wms Can 30 29 23 Rogers Paper A Rogers Peet 11234 134 6 34 10 6034 334 22 25 Sherw-Williams ..25 14 9 Hoist 234 74 134 9 19 Q O 5% pfser AAA 100 100 7% 1st pref 5% preferred..100 224 & 18 134 , 534 18 . Robinson(Dwight P) Roeser & Pendleton * 26 1234 1634 234 Robertson Pap Box.5 Rockwood & Co 3-8 734 9 45 5 534% conv pf-100 Shepard Nlles Crane * 20 Packing 334 • 53 3 Preferred 100 Rltter Dental Mfg.* River Rasin Paper.* 10 Rath 36 * 3434 1334 7 Richman Radiator. 1 Richmond Cedar 7 * Rapid Electrotype.* * * pref 50 Richfield Oil Corp.* 834 38 Radio Class Richardson 834 834 1 com..* conv 34 5s common Propper McCallum * Prosperity Co B * Publication Corp..* 1st preferred.. 100 Original pref. .100 Puget Sound Pulp & $5 1 Sheaffer (W A) Pen* Shell Transp & Tr £2 Shell Union Oil * 84 134 324 Rice Stix Dry Gds_* 1st pref 100 k 10934 82 2d pref 100 ordinary 534 1 934 65 _ 100 Producers Corp of Nevada. Rhodesian Anglo. 10s Rhodesian Selection '9 Rochester Button. * Preferred 100 34 47 * Seton Leather Sharon Steel Op Riverside Cement— Class A * 20 18 32 Proc & Gamble 10 10 common Riegel Paper Riley Stoker 34 45 * 6734 934 W orks common .10 7 * Price Bros & Co 78 65 Warrants _ _* Pressurlube Inc... Pile com.. Peoples Drug Stores5 Pepsi-Cola "* Albany Bottl Co. Perfect Circle price, 1 164 10 34 Units Pennzoil Co 134 15834 Penn Sugar. 20 Penn Traffic. 234 Penn Vy Crude Oil— Class A 6 Class B lc 9 71 1734 Ralston Steel Car. 10 Penna Penn Rivet Corp.. x Penn Salt Mfg 50 534 134 16 New 11 pref 434 134 734 Pratt & Lambert..* Rademaker 14 Penn Coal & Coke 10 conv J4 16 Peck, Stow $7 4 70 7 634 3234 1 7% preferred Penn-Central lines Corp 4 & common Pathe 37 3034 1034 68 Parmelee Trans * Pathe Film Corp—1 "I" 20" 5% conv 1st pf 5 5% conv 2d pf—50 5 B 1 Rhinelander Paper 10 34 15" 1 Class A Rheem Mfg Co 34 334 Common 74 Inc. 94 Powdrell & Aiexan.5 Prairie Oil & Gas .25 Pratt Food ..100 Pressed Metals Am. 1 Steel Car— Servel Reynolds Tob 34 134 134 334 Hall 1534 1434 14 pref 834 34 % 134 834 634 934 Sorrick Corp cl B.. 1 434 1534 t 434 45 30 * Prentice 5 434 40 1234 12 5 50 Selberling Rubber.* 5% preferred-. 100 SelbyShoe.. * Selfridge Prov St £1. Sentry Safety Con.i 26 ♦ stamped 4034 34 1 3434 * Pref 134 634 134 ware com Preferred 7 6 834 6534 ♦ 534 7 34 2034 Aircraftl Potrero Sugar com .5 Preferred .5 35 534 34 1234 134 43 14 Class B 434 43 40 35 Segal Lock & Hard¬ 1 t, c._l 100 Steel * Warrants Seaboard Oil (Del).* Seagrave Corp * Sears, Roebuck * $3 50conv oref..* Shattuck (Frank G)* Shawnee Pottery. 1 1234 634 — 534 Sharp & Dohme Pressed "234 _ Reel 6~" 33 29 Parker Rust Prf.234 Parker Wolverine. * Parker Young units. Park & Tilford Inc.l - 21 Barney com 5 1st preferred.. 100 2d preferred. .100 74 * Class A conv 10 Parkersburg Class A- 2634 * 22 .1 * 102 25 55 30 _ 3534 10234 17 23 Poor & Co class B. 16 42 115 Polaroid Corp Pollak Mfg 8% preferred..inn New pref w i 25 Scott Paper » $4.50 nreferred..* $4 preferred * Seeman Bros 1834 424 634 warrants Republic Air Prods 1 Republic Aviation. 1 Republic Steel * 6% conv pref.100 6% prior pf A.100 Revere Cop & Br..5 34 234 1 334% pref 1034 w„25 I Scullin 20 8 v iM com w 65 100 Potash Co of Am..5 34 1334 1134 Pan Amer Match.25 Pan Amer Petrol & . 934 103 w 934 Schulte Real Estatel Preferred 100 Schulte Retail Sts.l 10 934 Porto-Ric-Am Tob— 1 Palmer Bros * Pan Am Airways..5 . Pocahontas Fuel. 100 Porterfield" 41 234 5834 Tubes * Pairpont Corp.. 100 Pneumatic Scale.. Preferred 3 134 234 834 434 » Transport 134 9 * Packard Motor 6 ____ rights Bond * Scruggs-Vander- 100 2 conv 834 65 100 Schiff Co Scovill Mfg Scranton Lace 6 534 34 634 £&% pref com Per 27 7% cum pref. .100 534% cum pf.. 100 Reynolds Metals..* 534% conv pf_100 Reynolds Spring 1 834 ;* Plough Inc 734 Plymouth Cord.100 Plymouth Oil 5 44 534 65 100 Pleas't ValWine Col 41 Pacific West Oil—10 Pittsburgh Steel—* 7% pref B 100 534% prior pf-100 5% oref A 100 Pitts Term Coal—1 (Thos G)— 7% 1st pref 100 534 1st preferred * 2d preferred * Pac Coast Term. .10 1 60 Plant 46 50 Pacific Coast Co.. 10 Pitts Forgings Preferred 90 Oxford Paper com.* 56 preferred A * $5 preference * Pac Amer Fisheries 6 Pacific Aviation—.1 Pacific Can * Pacific Coast" Cem" * * Pittston Co 50 118 45 Ox Fibre Brush Page-Hersey 1234 1124 120 pref conv - ii" Preferred 12 Pfttsg PI Glass—25 234 .... Oswego Falls comlOO 17 Pitts Coke & Iron—* w 934 Rern'tn Rand com.l 4134 634 434 1834 634 1 - 15 10 * 100 Reo Motors 634 334' r pref.25 Remington Arms..* B 37 634 - 334 r Oil.34 Preferred $1.50 - Mfg Co. 10 Reliance 834 234 - 29 Reliance El & Eng 5 8% conv pref.100 Pilgrim Explorat-_l Pillsb Flour Mills. _* Pines Winterfront.l $5 Reiter-Foster Reliance Steel Pirelli Co of ItalyAm shs 500 lire— 99 Reichsbank Shs Preferred 12 8 - 334 * 12 Reliable Stores 3 234 — - a New 18 17 Co..* 7% 1st pref 100 36 10 85 * Reis (Robt) & 4 334 2934 234 . Preferred.. Units Pierce Oil Corp— Preferred 434 -1234 634 1234 Preferred 3 34 1 * 134 10 Pharmacal.234 ..... 1 * Engine Reda Pump Red Bans Oil 47 Warrants Northwest Airlines. N'west Engine N'west Yeast. 100 Norwalk TlreA Rub* 7% preferred- .60 234 434 Savannah Sugar.. .1 Savoy Oil 5 Schenley Distillers.5 34 Petrol Heat & Pr__* 634 Preferred 19 2 Aircraft & 734 334 1134 Class A Novadel Agene Noxzema Chem Nu-Enamel 38 1634 Conversion .1 Derivatives.* Petrol Petrol Northrop Aircraft Norw 35 * Pet Milk par 1 Realty Operators— Rearwin Bid Stocks share Per Par 434 234 ,134 Ask Bid Stocks share 4 Per vel Corp --1 Peter Paul Candy. * _ 28"" .10 Ask Per 1 Permutit Co North German Lloyd Amer shares New over-stpd North & Judd 26 North Pipe Line Bid Stocks Ask Bid Stocks 434 934 $5.50 preferred. . Spencer Kellogg Spencer Shoe 3 perry Corp vtc.. Spicer Mfg Co $3 conv pref A— Spiegel Inc com— $4.50 conv pref.. Sport Products Springfield Ice & F_ Square DCo Squibb (E R) & Son $5 pref ser A'. .._* 27 20 134 2 10 8 134 3 34 2 4 68 80 1534 134 3834 1734 134 39 26 2734 4634 534 57 49 50 634 2934 6 8 3l34 39 36 11034 112 90 2134 1 22" at 115. k Last sale, n Nominal. r Canadian June, 1940] industrial Stocks Bid Par Stahl-Meyer com..* Par Per share. 2 15 25 Sfcaley Mfg oo-.j.IO 7% preferred. .100 14 16 105 108 99 $5 preferred—...* Standard Brands * $4.50 cum pref * Standard Brewing..* Stand Gap A Seal._l Conv preferred _10 95 53* 98 3* 5X 99 X 7% 8% 16 17X 5 43* 5* X » 23* 13X U S Pipe & Fdy..20 U SPlaying Card. 10 23 3* 29 11 X 13 U S Plywood Common Thompson AutoArm 1 Thompson (J R)..25 Thompson Prod—* $5 conv prior pf.* Thompson-Starrett * $3 3* preferred—* Tide W Assn Oil. .10 X IX 93* 8 4 33* Preferred Stand Oil (Cal)—-• Stand Oil (Ind)._.25 Stand Oil (Kan)..10 Stand Oil (Ky)_._10 Stand Oil of N J—25 30 173* 303* Stand Oil (Ohio)—25 283* 5% preferred-.100 19 30.X IX 183* 213* 185* 213* 43 45 165* 98 63* — — U 8 Steel 7 % preferred U S Stores Securities..* 100 1 3 20 25 Towne Lux Trans "33* * 5 Transwestern Oil .10 Trico Products * 2 Steel 13* 153* 36% 303* 24 38% 323* Forging Triplex Safety Glass Am dep rets Triumph Explos 2 X 35 X 45 66 65 Delaware 1 Truax-Tr aer Coal. * _ 35 2 3* 3X 8X Lamp 1 pref * conv 61% % 14 25 Stewart-Warner 6 Stinne8 (Hugo)Oorp5 1 3 X * com Series A pref * Series B pref...* 5*6 Hirshbarg.* Struthers Wells Titusvilie com Submarine Signal.25 Sullivan Mach'y Oil * * com 6% cum pref.. 100 Sunray Drug 1 Sunray Oil 1 53*% conv pf..50 Superheater Co * Superior Oil Corp..1 Superior Oil (Cal) 25 Superior Portland Cement A pref..* Class B Susquehanna 94 98 64 68 3X 80 73* 10 ~8~% 12 33* 73* *>3* 4X 8X ex 25 H 22 48 X 50 125 8X IX 9 % 1 Sweets Co of Am.50 Sweets Steel Swift Business Machine 1 dep ctfs of bear shs Sylvania Industrial * Symington Gould— Common w w Common xw. ...1 1 Taggart Corp 1 $2.50 pref- * Talon Inc common.5 Tampax Inc 1 Tappan Stove 5 Tastyeast Inc cl A_1 Taylor-Colquitt Co 5 15 Taylorcraft Aviat'n 1 Taylor A Fenn..l00 Taylor (K) Dist 1 if* 5 1%" 17X 16 17 X 5X 4X 3% 33 37 52 4 ,143* 30* io!H Iron & Steel com. Inc Tennessee Prod * 5 5 % 10 10 X 3 % * 4X z com. Preferred 1 * Term Warehouse 100 Texas Corporation 25 Texas Gulf Prod * Texas Gulf Sulph..* Tex Pac Coal & Oil 10 Texas Pacific Land Trust efts 1 Texon Oil & Land..2 Thatcher Mfg $3.60 conv * pref..* 53 23* 19 5 58 3 21 8 35 X 35 X 2X 29 X 2 % 5X 3% 23* 9 36 293* 6 4X 2% 10 41X 1 1 13* IX X 163* * 28 85 88 6 8 100 * pref. 100 United Carbon * United-Carr Fast..* United Chemical. _* 45 7% 1st pref 100 Vapor Car Heating * 50 13 X 13 X Preferred 10 11 X 15c 25c X 15 ♦ B ..♦ ex 3X 2% 43 6% part pref. .100 5 27 * 64 66 United Molasses Ltd Amer dep rets. .£1 Unit Paperboard. 10 Preferred 100 Unit Piece Dye com* Preferred 100 United Profit Sharing... 25c Preferred 10 United Screw A Bolt Class A..' * Class B * Un Shipyards B Class 3% Merchants ex 20 7X 233* 71 83 X IX Preferred 25 United Specialties. 1 U S Cold Storage..* U S Distributing 5 4X U S U S Freight Graphite * 5 U S Gypsum 20 7% preferred. .100 U 8 Hoff Machine.5 5X % conv pf__50 U S Holding * U S Ind Alcohol...* U 8 Leather com..* 7% cum pr pf.100 58 165 33* 233* 24~" 6% 3* . _ • Walworth Co — 6% preferred * 10 Com class A....* Com class B * 7% preferred. .100 Warner Bros. Plct..5 $3.85 conv pf—* 4 155* 3% 47 6% 23* 43* 63* Warner Co com—* 7 Warren Bros Preferred— 6 65* 173* 18 90 94 193* 20 103* 113* 35* 3% Ac Last sale, * 4 4% % 14% 23* 303* 13* 1 17% 25* 2 % 3* 1 3 6 24 40 43 Waukesha Motor—5 15 16 153* 25* 16 1 Webster Eisenlohr.* 7% preferred 100 Welch G'pe Juice 2 X Preferred 100 r 26 5 3% 5% 63* 5 523* 43* 563* 5 Wood Newspaper Machinery pref. Woolw'th 3 * . (F W)_10 6 10 15 203* 203* 35 45 115 303* •• - m mm 305* Woolworth Ltd— 2 10 7 Worthington Pump 15% * 7% pref A 100 6% pref B 100 43*% conv prior preferred 100 43*% series prior preferred 100 Wright Aeronaut'l.* Wrigley (Wm) Jr..* Wurlitzer (R) comlO 100 Yale A Towne Yellow Truck 25 35 27 93 75 83* 95 * 153* A Mfgcl B..1 7 % preferred. .100 York Ice Mach * 7 % Preferred- 100 Young (J S) Co..100 _ 100 115* 1003* 1% 183* 80 126 Young (L A) Spring * A Wire Youngstown Car 23 Nominal, 23 33* Preferred 37 7 6 * Wayne Pump n 5 Coach (Northam) $3 conv pref * 16% 33* 553* 73* Station Wolverine Portland Cement com 10 Wolverine Tube 2 Wyman Gordon 73* 73* 6 33* 5 Steel common Youngstown Steel Door common 14% 155* 305* * Youngstown Sheet A Warren 5 2 10 Goodwill Preferred 33* 43* Fdy & Pipe * Warren The A Mach $1 cum. 1st pref.* $3 cum pref * 30 WJR 1 5% 115 5 21 1673* 35* Hosiery 100 Winters A C'mpton 1 Witherbee Sher pf .50 40 16 59 Winsted 8 Am dep rects ord. Ward Baking Corp— 13* 33* 5% 43* * 80 Preference Worcester Salt. .100 7% prior pref. 100 91 Preferred 100 Willson Products..1 Wilsonite Products 1 6 6% preferred.. 100 35 4 4 58 X 5* 3% 413* 193* 3?* 75 ""3* 13* 23* 2X 70 86 .1 ~9_" 6 30 U S Foil B 8X 3 Preferred * 126 43* 3* Preferred 403* 4X ♦ Woodw'd A Loth'plO Preferred 100 WalkerJH) Good m 6 100 78 Waltham Watch cl B 5 Finishing 32 75 223* & Worts com..* 58 30 X 4 Prior pref units Woodward Iron.. 10 36 28 IX IX 7% conv pref. 100 8 Envelope 100 U S * * Walgreen Co com..* 4X% pref w w 100 % 25 32 100 Waldorf System. 0 IXt 1% WaittABond Inc A * Class B * X 2X 2 7% preferred-.100 Woodley Petrol 1 8% Wagner Electric. .15 JWahl Co • 60 73* Oil 2 Preferred 28 1 5* 23* 163* 10 73* Wagner Bak vtc-.l 43* 3% 8 1 A 6 Warrants % 25 23* 3* 363* 30 Iron 5 108 Wood (Alan) Steel.* 153* 100 Coal A Waco Aircraft.. 1 3 X 50 X Va Iron O & C 32 United Fruit 33* 52 21 2 5% preferred-.100 VogtMfg * Vu'can Corp * $3 pref ___* 4 3*% pref * Vulcan DetinninglOO 7 % preferred. .100 Vultee Aircraft 1 7X 5 19 Va 47 ex X 353* 3* 23* 5 Va-Car Chemical..* United Electric Coal Cos com Un Eng & Fdy 2 Victor Chemical 7 X 4X 4X 33* * Wilson-Jones Victoria Gypsum..* Preferred 100 Vicana Sugar v t c.3 Vlck Chemical.... 5 X 17 15c 100 50 Willcox A Gibbs Wilcox (H F) * Venezuela Vertientes-Camag'y Sugar common..5 55* 3% * * Vega Airplane l 37 100 Spencer common $6 preferred Wilson Line 60 2 W i ckwire Wilson A Co. Veeder Root Inc...* 13* 7 % preferred.. 100 Wichita River Oil. 10 29 Venezuelan Petrol, 97"" Whitman(Wm)pfl00 Whittaker Paper com Williams (R C> —.• Willys-Overland 1 6% conv pref. .10 14 Synd 65 Gas.... 5 Wm Oil-O-Mat—.♦ 14 55 53* * A 9 47 A & Mfrs v t c 1 United Milk Prod..* $3 part pref * 30% ox 100 Common Whitlock Mfg Co 25 Preferred 40 X 12 1113* Class * 17 32 95 303* 143* Prior pref 20 White (SS) Dental 20 White Rk Min Spgs- Wilcox Gay Corp Will A Baumer 1 973* 493* 110 Class United Elastic 3* 13% 283* 5 Suchard Chocolate com 50c Preferred $50 115 conv 203* 96 3* 513* 8% Wilbur 30 * * 1 30 Steel 101 Preferred United Biscuit t Name changed to Eversharp, Inc. JH 5 323* Weyerhaeuser TImb* 7% first pref. .100 60 Part convA cl A.* ♦No par Talus. 23* 25 U Warehouse Corp50 13* .... 26 2 Terminal Ref A Term A Trans 17 55 Liquidating ctfs.. * 3X 4% IX J* 68 13 3* 24 Un Shoe Mach Telaut'g'ph Corp. .5 Tennessee Corp 5 com. 12 X Preferred -.100 Utah-Idaho Sugar .5 Preferred 10 Utah Radio Prod-.l Vacuum Concrete. 1 5 61 24 5*6 Taylor-Wharton Technicolor * $4 preferred __* Van Nor Mach Tool 5 Van Raalte Co 5 54 3 3 100 14X IX X 30 5% conv pref..30 Weyenberg Shoe I W hite Motor 1 White Sew Mach.. 1 $4 conv pref * 15 14 5 7% preferred.. 100 23 X 17X 27 49 140 7 United Drug 5 United Dyewood.10 IX 95 40 131 _ * OX 10% IX 13 X * 8 % preferred. 100 Universal Pictures. 1 * Stores com 10c $5 preferred * United Drill A Tool - 53* 43* 23* Univ Leaf Tob 8% preferred. .100 Lines Instrul23* Corp .* 6% Preferred.. 100 $5 conv prior pf_* 11 Corp 22 X 2X 18X 73* 12 Vanadium Air 93* * Wheel Steel 1 8% 1st pref 863* 115 Westvaco Chlorine.* Van Camp Milk United Swift A Co 25 Swift Internat Ltd- 13* 35* HX 205* 35* 5 3* 3 3* 5 Valvoline Oil comlOO 6% preferred..100 United Cigar-Whalen 1 3 43 X 14X IX 16 * * Westinghouse Elec A Mfg com 50 7% 1st part pf_50 Weston E Cooler— Conv partic A B Class 11X 14 4X 13* 29% 43 X A* 21* 82 United Aircraft 5 Un Aircraft Prod__l 40 Silk Class B 74 63 Transport 18% 6% prior pref. 100 common. ... 25J* Un Artist Theatre.* 13* _* 10 Preferred 10 1 West]and Oil Valley Osage Oil Valspar com $4 conv pref 25 123* ♦ Greenland com. 20 Westmoreland Inc.l 60 33 73* Sutherland Paper. 10 Swan Finch Oil... 15 Preferred .25 15 Oil IX Common. 12X 14 Tablet A Stationery Westgate 5 24 X 8 $3 part pref * United Cigar Stores- 10 X 1 12X Newspaper Union common._* Western Westmoreland Coal new 5*8 23 7% 120 1 106 15* 13* Conv preferred. 15 Un St Yds Omaha 100 Union Tank Car * Union Wire Rope..* 6 * Mills class A _ Stores com 100 com Superior Steel Union Oil of Calif. 25 Union Premier Food .100 4 3*6 United * 1.25 preferred..* Studebaker Corp-.l aun "ox 55 Western Groc Ltd.* Western Westinghouse Air 45 12 3* 6 3 Common 50c. United Stove 1 United Wall Paper.2 pref Corp.* 10 15* 28 West Grocer Co__20 40 conv Vadsco Sales 25 102 1 * * $6 7% cum pref. .100 Valley Mould A Iron Stone & Webster..* Dairies preferred 13* Upson Co 6 Western 6 64 25 43* 23 5* 10 1 40 Mfg Common 13* 5% 63 X Union Carb & Carb Union 96 Preferred. 100 5 IX 9 6% Western Air Expr__l West Auto Supply— Brake 105* 4X Strouss 12 IX 7 % Stroock (S) & Co..* 11 73* W Va Coal A Coke. ♦ West Va Pulp Pap.» United Stores A Universal Prod % 55 5 conv Preferred. M 33* 43 18* 30 4 110 Universal-Cyclops Steel Corp 5X 143* 7X 33* * $3 840* 45* 75 323* 24 1 -. 2*' * * pref $4 Western Cartridge Co Preferred 100 2%% Corp common * Union Bleachery 100 35* 5% 23* 7 *2* Underw Ell Fisher.* Unexcelled Mfg._10 Union Bag A Paper Stokely Bros.. Conv pref Stromberg Carlson.* 6 % preferred 100 2 X X Coach Stlx Baer A Fuller. 10 Strawb'ge A Clothier 6 % preferred.. 100 7% preferred- _ 100 8 X 1093* Universal Corp vtc.l Universal Consol Oil--. 10 10 IX 103* 653* 46% _.* 17 United Stockyards— Common 1 Conv preferred..* Universal com__l IX 20 3 13* 3X Ulen & Co 65 % 14 X 3X 7X ex IX ex 4 13* 83* 13* 73* X 585* * * Michigan Steel Foundry * 43 Preferred 13* UdyliteCorp Twin ilH 23* 5X 14X ex * $1.50 preferred. .* 13* 13* * ... 80c div 10 Common 16 IX 3X 20th Cent Fox Film 6 1 Btetson (J B) Preferred Steel Tung-Sol 38 X 3* 29 Trojan Oil A Gas of • 6% 1st pref 50 5% 2d pref 20 Sterling Aluminum 6 5X 2X 30 X 1 Warrants Truscon common 13* Williams ' .. 11 93* drift com. West Indies Sugar. 1 • 100 50c Corp 1 West 42 7 % non-cum pf.25 U S Truck Lines. .1 15 Daylight 11 Preferred A 14 X % 28 23* X IX 1% Preferred * Wesson Oil A Snow¬ 283* 50 U S Tobacco Screen..1 Picture Transue & 23 5 West Air Line ~ 43* 3X 22 7 Conv 1st pref U S Sugar Corp & Transcontinental 125 23* 1 Corp 11 X 31 Wellington Oil... Wells Fargo & Co._l Wentworth Mfg. 13* 5 12X Transair •» 25 Preferred A 27 13 8tern Bros Preferred 24 10 Sterling Brewers. 1 Sterling, Inc 1 $1.50 preferred..* Sterling Products. 10 1st pf.100 U 8 Rubb Reel * Per share Par 23* 23% X 26 n-cu 25 Stein (A)A Co com ♦ Sterchi Bros com..* 1 U SSm Ref & Min50 8% 213* 265* 10 22 Trunz Pork Stores.* com 57 U S Rubber 5 Shipbuild..* Torrington Co * & Pump 12 Products 6% preferred— .50 Realty A Imp.* U S 203* 37 X IX 13* 4X 7 % preferred Preferred Phosphate & Acid Common v t c.-l Steel Co of Can— * Preferred 25 Steel Products Eng 1 Shipyards—* Toledo 105 7 44 1 20 1 Tokheim Oil Tank 22 Works X 4X Todd Stand Steel Spring. 5 8tanley Works._.25 1 Aircraft Tishman Realty. _ Tob Prod Expts.. 50 U S Radiator 58 X Roll Timm » 6% pref A 128 20 X 22 Stand Tube cl B__ I Standard Wholesale Starrett (L S) Co..* Starrett Corp— > 22 1 Common 83 105* 253* 123 30 Standard Products. 1 Standard Screw..20 Preferred A 100 Stand Silica com 1 8X 79 share Corp— pref.20 conv U S Postal Meter.. 1 U S Potash * U S Print & Litho— 9 $1.40 conv pref.20 com * Bear.* $1.50 104 1 Timken-Det Axle. 10 Timken 4X 4X 29 10 Time Inc pref .20 U 8 Lines pref 3X Bid Stocks Ask Per 28 X 15 53* Tobacco com 1 Standard Dredging Common 1 conv Bid Par 3 Tilo Roofing com.. 1 Stand Commercial $1.60 Stocks 25 43*% conv pref Products com.10c Stand Fruit A S S.10 Ask share 1 Standard Coated Preferred Per $3 conv pref—10 Thew Shovel 5 Thermoid Co 1 100 Preferred possible for the closing day of the month preceding the date of Issue Bid Stocks Ask 91 miscellaneous' stocks & Quotations for all securities are as near as 2% 60 183* 20 53*% pref.. 100 Young (Thomas) 70 303* 853* 1 Zenith Radio * Zonite Products—1 10 12 Tube common * Nurseries com 108 3* Canadian price. /New stock, x Ex-dividend. 9 23* 93* 25* The custom in reporting prices for State and municipal securities is to quote them on the basis of the return the bonds yield per annum. Therefore, asked quotation is published—either actual figures or on a it will be found that for the single maturity bond a bid and In furnishing the prices below, certain basis. list matures from 1940 serial and is quoted 0.50 endeavor to obtain the yield that the earliest maturity yields Bercentage bond in In furnishing prices for the to 1951bonds, however, we to 3.00%—this would indicatebasis for the varying maturities. 0.50%instance, For and the ' our a latter maturity is yielding 3.00%. Therefore, in the following list, asked prices. Quotations for all securities are as near as Bid Ask also pa ge 4s pub highway 1949-51.M&S 6 2.75 4s refunding 1941-1954 J&J b 2.00 19. 3 Ms refunding 1955-1965.J&J b 2.90 101 State Bridge Corp 4s 1940-1951 4s Dec 15 1944-1954—J&D 111.26 112 3Ms Mar 15 1946-1956 M&S 111.28 112.2 3 Ms June 151940-1943 J&D 1100.19 100.23 3 Ms Mar 15 1941-1943 M&S 102.26 3 Ha June 15 1943-1947 J&D 107.18 3 Ha Aug 1 1941 F&A 103.21 3 Ms Oct 15 1943-1945 -A&O 107.18 3 Ha Apr 15 1944-1946-A&0 108.6 3 Ha June 15 1946-1949 J&D 108.31 3 Ha Dec 15 1949-1952 J&D 109.24 5s schools 1940-1947—J&J b 2.50 98 Bessemer—New ref 4 % 102.28 107.21 103.24 107.20 Birmingham— 2Ms 1941-1952 A&O 3s 1944-1959 A&O 3Mb impt ref 1940-50--J&J 3 Ms Imp ref 1942-1958 A&O 4s 1941-1961——A&O 4Mb 1941-1960 A&O 5s sewers Sept 20 1941 M&S Florence refunding 1% to 4%_ Gadsden 6% impt long mat- 108.8 109.2 109.29 107.2 106.7 105.9 105.5 104.9 104.5 103.28 104 103.28 103.29 106.18 106.24 106.3 - Jefferson 101.25 5s 103.17 99.18 99.15 100.13 100.16 99.6 99.3 Home Owners' Loan Corp— 3s ser A 1944-1952 -M&N 105.12 . Loan 109 100.4 M&S J&J J&J J&D J&D '46-'26-MJSD 101M 1.50 99 102 M 100 108 112 1 99 M 99 M 99 M 99 M '40-'50-M&S 97 97 Univ Bldg Jan5'41-65J&J Par Highway 1940-48.J&J30 1941-1947 F&A 6 0.40 Olympiad 1940-71--J&J2 b Par —-F&A b 0.40 102 4.34 99 103 M 97 102 M 102 100 M 106 M 105 M 4.40 104 M 1.25 100 2.50 105 M 2.40 105 M 3.60 101M 1.25 108 105 109 M 3.00 112 3.50 108 M 2.25 114 118 ALABAMA 4.00 2.75 4Msharborimpt June 1 '40-'73 4Mb highways 1952.. M&S 4Mb 1956 and 1959 M&S 2.00 to 3.20 2.90 4s renewal July 1,1956 4Mb 1942. 1946, 1949—M&S 3.00 2.25 2.75 2.90 2.75 to 2.75 3.00 % to 3.00 1.00 1.00 to 3.00 0.25 to 2.00 Par to 2.90 I to 2.20 % % % to 2.00 to 3.15 2.90 to 3.00 1.00 to 3.151% 1.00 to 1.00 to 3.00 % 2.40 % ~ 3.15 to 3.15 to to % 3.25 % 3.25 % J&J 4Mb 1967-1977 Spring Val 4Mb '67-'69.J&J 3.10 to 0.50 to 2 % -%10 .30 CK75 1.50 4 Ms gold Aug 1943—F&A 4.00 Turlock Irrig Dist 6s CANADA—See 94. page COLORADO t to 2.40 % % % 1.70 % to 2.30 to 2.40 to to 1.25 % % % 2.60 % 1.60 % to 2.75 to 2.75 to to to 2.40 to 2.40 to 2.40 to 2.40 to 2.35 to 3.40 „ , to 3.25 to 3.70 3.75 6 1.10 6 0.40 to 2.00 6 0.75 to 2.00 to 2.80 to 2.70 to 2.70 Bristol to 1.00 Cornwall 2s 1940-1956 to 2.25 D3MsI?und to 1940-1962 J&J2 b 0.40 J&J2 b 1.75 to 1.60 to 2.50 0.40 J&J to 2.60 to 2.50 _ -- 2Mb WatWks 1956-76 M&N 3 Ms Water wks 1952-19753Ms Water 1940-1941 -A&O 4 Ms Water 1940-1970-A&O 4Mb Sch 1940-1944---J&D 4 Ms 1940-1968— -J&J 4 Ms 1941-1969 M&S J Correction—called June 15 at 100. % to 1.50 to 2.60 4s 2.90 to 2.00 1.00 . *50-J&J 3s Feb 1941-1952——F&A 4.35 1.00 2.60 2Ms State H'way '40-'54.J&D b 0.50 3s warrants 1940-1951—-J&D b 0.50 2Ms warrants 1952-'54—J&D b 2.50 98 2s Highway ref, 1940-'47-J&D b 0.50 98 Colorado Springs— Ref lMs 1941-1943—-M&S 6 0.50 Denver (City and County)—4Ms Water 1944 -J&J 6 1.60 less 4Ms Ref Wat 1940-67.J&D 6 0.50 less 4Mb Water 1962-1965.J&D 6 2.85 SDNol 4Ms 1941-53. J&J 6 0.60 2.70 4s July 1941-1945 J&J 6 0.60 less 3.65% March 1.1950-1954. 6 2.25 less 2Mb Sew dist 1§47-56-A&O 6 2.00 3s 1963-1972 opt 1955-A&O 6 2.60 3 Ms Mun Water Retire 1963-1972 opt 1955.A&O 6 2.60 2 Ms Sewer Disp '47-*56A&0 6 1.50 to 3.30 Moffat Tunnel Imp D— to 3.00 5 Ms 1944-1963 J&J 6 1.75 to 2.50 5Ms 1947-1956 J&J 6 2.40 to 2.40 5Ms 1964-1973 J&J 6 3.50 to 3.05 5s 1974-1983. —J&J 6 3.90 Veterans Welfare— 4.29 to 1.75 0.40 118M 3.40 102 0.75 2.50 0.40 2Mb Feb 1 1941-1954-F&A 0.40 2Mb Feb 1 1941-1954-F&A 0.40 Alameda 4s 1940 to 1941-J&D 0.50 4Ms Mun Imp '41-48-A&0 0.40 Bakersfield 5s 1940-1952-A&O 0.75 Berkeley 5s 1942-1951 J&J 0.40 5s School 1941-1955 J&J East Bay Mun Util Dist-— 5s 1941-1974 J&J b 0.40 East Contra Costa IrrigDistOs Golden Gate Bridge & H'way3 Ms series C 1942-1971-J&J b 1.25 Imperial Irrigation District— 48 Refunding 6s 1983 J&J 52 Refunding 5s 1983 Los Angeles (City)— 115 102 2.60 to 2.70 to CONNECTICUT Funding and building bonds-— lMs 1944-1958 J&D Branford (T) 2s 1940-57-J&D Bridgeport— 5s Refunding 1940-48—J&J lMs 1940-1948 J15&D15 4s Harb Imp 1985 opt 99 to 2.00 ^ b 0.40 5s Jan 2 1941-1943 4s Jan 2 1944-1948 3 Ms Jan 1 1941-1949 99 1.00 0.90 0.75 „ 100 106 M M&N b 1.00 4s 1941-1964 3.30 4.00 % % 97 M 92 M 91M Calif Toll Bridge AuthoritySan Fran-Oak 4s 1976-M&N 120 100 % to 1.75 to 2.25 3 Ms g July 1 1941-1944. J&J 98 M 98 97 105 M 2.50 113 2.50 97 M to 2.95 99 M 95 M 102 M 110 102 Tax-free in Connecticut. 1 less 98 % 97 M 1941-1952 & 1 0.50 1.00 Hetch Hetchy— less b 3.75 101M 2.75 4Ms 1,05 M 1.50 4Mb 101M 0.75 4MB 111M 2.50 4 Ms 115M 3.25 4 Ms 4.00 San Francisco (City & County) 5s Water 1941-1969 J&J lesslM b 3.50 2.60 to to 1.50 0.25 4Mb Water '57 '58. '59-J&J 4Ms Water 1940-1977—J&J 4s Wat Distrib '40-'63.J&D 2s 1941-1949 J&J 98 H 98 H — 116 J&J 3Msrenewal class C 1956.J&J L75 % 101 to 3.65 0.50 2.00 1.00 1.00 1 to 3.25 98 X 98 h 4s19444s 1958-1960---- 98 96 1 to 3.25 St Francis Levee Dist— 100 __F&A 5Ms Aug 1 1941 .F&A Puerto Rico (Govt of)— 2Ms Jan 1 1946.—...J&J 4s reg Jan 1 1944 J&J 4s reg Jan 1 1960 J&J 4Ms Jan 1 '51-41 J&J 4 Ms July 1 1947 J&J 4Ms 7-1-56-59 1-1-56--J&J 5s July 1 '44-'43 J&J 5s July ,1 1972— J&J to 3.25 4 Ms Fund 1941-1950-M&N 4s water Rev 194V76.F&A b 3.50 Little Rock S D 4s *41-'55 M&S b 3.25 97 92 1 to 3.50 CALIFORNIA 4Ms July 1 & 15 1952... J&J 4 Ms Oct 1 1959 .A&O * less 102 Il01.il to 3.65 San Joaquin Co 5s '40 '49. J&J Santa Barbara 5s 1941—JanlO 5 Ms 1955-1965- 101.8 to 3.30 1.00 „ 1.25 — Hot Springs 4Ms Little Rock— . 5sJJune 15 1955 J&D Philippine Government— 1952 J&J J&J - 100.16 100.19 100.16 100.19 100.15 100.18 100.19 100.22 to 3.30 4 Ms Water 1941-1964 3s 1949 Jan. 3s Attorney Gen opt 1944 3s Rose, Hemingway opt 1944 100.28 101.22 100.16 100.4 to 3.15 4Ms Mun Imp '40-'43.F&A 6 4Mb 1940-1965 F&A b \ 3.00 3?75 Oakland S D 4s 1940-44-J&J b 3.25 % Orange Co 5s 1941-1945.M&S b to 3.25 Flood Control District— 1 to 3.00 5s 1941-1943 J2&.T2 6 2s 1944-1951 J2&J2 6 2 Ms 1952-1953——J2&J2 to 4.00 % 2s 1954-1958 to 4.25 % J2&.J2\b 2.50 Pasadena 4s 1941-1942 J&J Redlands 5s 1941-1951-J&J15 3.50 % Riverside 5s 1941-1953-J&D to 4.25 to 4.25 Riverside Co 5s '41-'54—M&N to 4.26 Sacramento 4s Jan 1941-1945 to 4.25 3s 1940-1968 J&J Sacram'to Co 4 Ms '40-'46 J&D 40 36 4M"4s_.__ 4M-4s 4M~4s 100.24 b 1.25 96 ield. V 5s Feb 1 97 2.50 5s 1968-1977 100.7 100.21 to 3.50 to 3.40 San Diego 5s W W *43-'54A&0 5s School 1941-1966—F&A 5s 1954-1960 5s 1961-1967 M&N 4Mb Sept 15 '50-'40—M&S 4Ms Oct 15 '56-'46- —.A&O 4Mb Nov 15 1956 M&N 4Ms Nov 15 1958 M&N Honolulu (City & County)— 3 Ms Sept 15 1946 M&S 4Ms July 1957 105 ARKANSAS 103 M 109 M 3.40 6 1.00 b 1.00 b 1.25 Colorado River Waterworks Ref 4Ms 1948-1977.F&A 6 3.00 Ref 3Ms 1978-1987.F&A 99 Ref4s 1946-1986 F&A b 2.75 Modesto Irrig Dist 6s Oakland 5Ms 1940-1943.F&A b 0.25 3.50 less 5s 1943-1948 5s 1949-1953 102 to Metropolitan Water District less 103 INSULAR 4s reg Dec 1 % % to 3.90 Phoenix Un H S D 4 Ms 1948 b 2.75 3.25 Prescott 5s 1948 _J&J 3.00 Tucson 5s Water 1950 J&J TERRITORIAL AND Dec 15 '55-'45 1940-1964 ...F&A 1940-1961 -J&D 3 Ms Jan 1 1941-1960 Lob Ang Co 4Ms '41-'49._F&A 4s to 3.25 3.50 102 M 102 M to 1.02 100 100 5MsNov 1940-1960—M&N b 1.00 85 93 J&J 6s Jan 1 1946 5s W W 1941-1950 102 M 103 1% Nov 15 1941 5s to 2.90 - 102 102 to 3.65 of Southern California— funding 1941-1966—J&J Bonds A&O A&O 5b to 3.00 Co Ct H'se 4s 1940-48 J&D b 2.25 Phoenix 4 Ms '50 opt '30-J&J b 3.10 1.25 4Mb 1941-1956---J&J 105.16 3.00 to 3.10 Los Angeles City High Sch Dis 4.00 % School No. 1 5a 1945—J&J b 2.75 Highway 6s Jan 15 serially b 2.50 103.10 100.12 100.15 100.10 100.6 — ' "44 "42" to to 3.40 3s 1943-1949 2.50 b 4.50 to 3.25 to 3.65 2s 1940-1942 Maricopa County— 103.6 Federal Natl Mtge Assn— 2% notes May 16 '43 opt '40 L 1 M % Jan 3 1944 opt 40 Reconstruction Finance Corp k M% notes July 20 1941 k M% Nov 1 1941 i H% Jan 15 1942— > Is July 1 1942— U|S Housing Authority— 1M % notes Feb 1 1944 3s Dec 1 1948 4 Ms May 15 1942 - 3.25 to 3.60 to 4.00 to 4.00 ARIZONA 105.30 106.4 --J&J 103.22 103.25 M&N 105.24 105.28 -M&S 103.10 103.16 Federal Home Loan Banks— 2b Dec 1 1940 100.22 100.28 2s Apr 1 1943 102,10 102.18 Hawaii (Territory)— lMs Sept 1 1944 2.10s July 20 1942 2 Ms July 10 1954 to Tuscumbia refunding 1 %to4 % 3s 1942-1947-_ „ b 2.50 2.50 to 3.50 3M 1940-54.J&D b 1.25 3 Ms ser A 1941-1977-J&J b 1.50 3 Ms ser B Jan 15 *77 J&J 101 3 Ms 1948-1958 J&D b 2.90 to 3.60 b 2.50 Net to 3.35 Ref 4s 1940 to 1975. J&D b 1.25 3 Ms 1940-1977 J&D b 1.25 to 3.25 b 2.75 Ask Electric Plant Revenue— b 3.00 6s ref pub impt *41-'53 M&N Tuscaloosa Co 6s Bridge 1941 5s Road 1957 -M&S b 3.85 2.50 Tuscaloosa (City)—5Ms serial 2.50 4Ms 2.50 4Ms 2.50 4s 101.11 100.18 4.00 % b 2.50 5 2.50 3s 1944-1949--_ 2 Ms 1942-1947 2Mb ser G 1942-1944...J&J 1 Ms ser M 1945-1947.-J&D Ms May 15 1941 Federal Land Bank — Farm 3b July 1 *55 opt *45—J&J 3s Jan 1 '56 opt '46 J&J 3b May 1*56 opt '46— -M&N 3 MsMay 1 *55 opt'45—M&N 4s July 1 "46 opt '44 J&J Commodity Credit Corp— M% Aug 1 1941 3Ms 1943-1947—-J&D-. b 2.00 2Ms 1947-1959 J&D b 2.70 County— Tuscaloosa— 5s W W 1940-1957 101.11 100.15 3Ms Sch Dist 1941-61—J&J b 1.25 Water Wks Refunding Rev 101 91 4Mb Sanitary Sewer Jan 1'44 Montgomery Co 4Mb 1957-59 6 3.60 6s Road 1951 J&J Morgan Co 5s road 1952-F&A 6 3.75 2.50 Selma (Citv) 5s-6s 1940-19552.50 2 Ms 1941-1952 J&J 103.20 101.8 101.8 to 2.50 1940-1948 1945—— b 4.00 4Mb 1940-1958 —J&D b 2.50 101 Gen fund 4Mb 1941-66 J&D Montgomery— 100.1 101.4 101.1 101.10 101.13 101.11 101.14 101.24 101.27 102.24 102.27 104.3 104 — . To Bid LosAngeles (City) Concluded— 5s Municipal 1940-61—F&A b 1.00 5 Ms Harb Imp *40-*61 M&N b 1.00 2.40 2.90 105 5s School May 1 - — ... .. or 103 Mobile Co— 4 Ms June 1 3s Panama Canal 1961--Q-M 120 3s Conversions 1946. Q-J 109 M 3b Conversions 1947. .Q-J 110M U S Treasury Notes- 1M% Mar 15 1941 1M % June 15 1941— 1M% Dec 15 1941— 1M% Mar 151942 2% Sept 15 1942— 1M% Dec 15 1942 1M% June 151943 1M% Dec 15 1943 1% Mar 15 1944 M% June 15 1944 1% Sept 15 1944 M% March 15 1945 Federal Farm Mtge Corp— 3 Ms 1944-1964-M&S „ Yield Basis to 3.10 4Mb Ot House 1941-43 M&N b 2.50 2.50 4Mb Ref 1941-1961—A&O Mobile City— 83 Refunding 2-5s Jan. 1 1966 105.24 105.28 103.14 103.17 103.16 103.20 101.19 101.20 103.7 103.3 101.20 to 104 Bridge Auth. 4s July 1 1957— 106.30 1M% June 15 1940 1M% Dec 15 1940— . Bonds Anniston— 3s June 15 1946-1948..J&D 108.14 108.16 3s Sept 15 1951-1955.-M&S 108.3 108.7 2Kb Mar 15 1955-1960 M&S 105.13 105.14 2Ms Dec 15 1960-1965 J&D J&D 2 Ms Sept 15 1948 M&S 2 Ms Dec 15 1949-1953 J&D 2Ms Sept. 15 1950-52.M&S 2Ms Dec 15 1951-1953.J&D 2s Dec 15 1947 J&D 2s Dec 15 1948-1950 J&D . preceding the date of issue Net Ask Bid Bonds Net _ 2 Ms Dec 15 1945 .. To or Treasury Bonds— 4Mb Oct 15 1947-1952-A&O 117.14 117.22 2 \ia Sept 15 1945-1947 M&S 2Mb Mar 15 1948-1951 M&S 2Ms June 15 1951-1954 J&D 2 Ha Sept 15 1956-1959 M&S 2Kb June 151958-1963 J&D . Yield Basis To or UNITED STATES—See .. possible for the closing day of the month Yield Basis Bonds . „ , it must be remembered the word to indicates that the figures shown are the yield basis; all other figures are bid and to 2.70 to 2.80 5Ms 1940-1957—-J&D 6 0.75 __A&0 6 0.50 1941 tax'le.A&O 6 1.00 1940-1958—A&O 6 0.50 to 2.60 Darien to 2.70 to 3.10 92 % to 2.50 % % lMs 0.75 to 2.00 4Ms School 1940-59—M&N 6 0.50 2s 1941-1965.. -F&A 6 0.50 lMs 1940-1945 to 2.50 1 1 to 2.50 F&A 6 0.40 to 1.50 % J&D 6 0.50 to 2 .00 Fairfield (County)— to 3.10 1 Ms 1940 to 1950 52 Greenwich 3s 1940-1944--F&A 6 1 Ms 1940-1947-F&A 6 56 % 1.50 0.50 to 0.50 to 2.00 Hartford-— to 3.35 b 2.90 b 2.90 to 3.15 b 1.00 lMs Sept 1 1940-1959-M&S 6 0.50 3 Ms Bridge 1954-1955-J&D -----4s Water 1940-1949. J&D 6 0.50 to 1.50 to 3.40 1.00 to 3.40 b 1.00 to 2.25 b 1.00 to 3.40 b 1.25 to 6 Basis. % to 1.75 East Hartford (Town)— b 1.00 b 6 0.50 3.46 / Flat price. n Nominal. to % 2.50 2°.50 to 2.25 % municipal and state June, 1940] To or Ask Bid Metropolitan District 2%a 1940-1978 Meriden 1 0.50 1.00 0.50 m&N to 1.25 Middlesex County— ltfs Bdge 1940-1955-M&N 6 0.50 New Britain (Co) f&a 2s 1941 0.50 L-1951—. ♦4 Ms School 1940-52 F&A New Haven— 4 Ms Imp 1940-1952..M&N 0.50 J&D15 0.50 Win 1940-1948 0.50 to 1.50 to 2.50 70 to 2-75 % to 2.75 % to 2.25 % New London— 2.50 F&A 4mb Water ref 1950 2s 1940-1969 ...J&D 1MB 1941-1954 J&J Norwalk (City)— 4Kb Sewer 1941-1968.M&S 3^s 1940-1971...—-A&O Win 1941-1959 A&O 0.50 to 2.75 0.50 to 2.25 0.50 0.50 to 3.00 % to 3.00 0.50 to 2.50 % % Norwalk (T) Win 1942..J&D 4%a 1941-1965.M&S 1.50 0.75 1.25 % to 3.00 % 2Ks 1941-1959 J2&J2 2s P I Fund 1941-1959.J&J 0.50 to 2.75 0.50 to Norwich Ridgefield (High School)— l%a 1941-1963 J15&J 6 0.50 Stamford (C) 4s 1942 M&N 2 Ms 1940-1961 M&N 6 0.50 Stamford (Town)— 0.50 *4 Ms Sch 1941-1965..M&N 1 Ms 1941-1950 0.50 —A&O 0.50 Suffield 1mb 1940-1959.. J&J 0.50 Torrington 2Ms 1941-'57 A&O Water bury— 5s Water 19 40-1971 —M&N b 0.75 4Mb Sewer 1941 1955..J&J b 0.75 3s Street 1941-1955—F&A b 0.75 2 Ms 1940-1952 M&N b 0.75 % % % 2.75 % to 2.50 % 1.75 to 3.00 % to 3.10 % % 2.75 % 2.75 % to 2.50 to to to 3.30 % to 3.00 to 3.00 to % 2.75 % West Hartford— Antioquia Col (Dept of)— Extl s f 7s ser A 1945—J&J Certificates of deposit Extl s f 7s ser B 1945..J&J Certificates of deposit— Extl s f 7s ser C 1945—J&J Certificates of deposit Extl s f 7s ser D 1945—J&J Certificates of deposit Extl s f 7s 1957 1st ser.A&O Certificates of deposit Extl s f 7s 1957 2d ser.A&O Certificates of deposit Extl s f 7s 1957 3d ser.A&O Certifies tee of deposit... 8s 1946.... to 2.25 % West Haven (School Dist)— ♦4Kb 1941-1956 M&N 6 0.75 Windham (Township)— to 2.50 % % % J&J b 0.50 to 2.75 J&D b 0.50 to 2.75 4s 1941-1952 2 Ms 1940-1953 Berlin 2Ms April 1 1941-1947 2Ms April 1 1948-1957 2 Ma April 1 1958-1966 ilia highway 1941-1979.. J&J Kent Co 4 Ms 1945-1950.M&S 0.25 to 1.75 1.80 to 1.90 0-35 to 1.90 1.50 10 6Ha 1950. to 2.00 0.25 0.25 to 2.75 0.25 to 2.50 1.80 to 2.25 0.30 6s 1940 New refunding 2 M-5b 1977. to 1.50 98 Extlsf6Ms (1926) '57-A&0 Extlsf6Ks (1927) '57.A&O Funding 5s 1931-1951.A&0 Funding scrip I/ 35 Bremen (State) 7s 1935--M&S f 8 6s 1940 M&S / 7 Brisbane (City) Australia— 35% M&S 30-yr s f 58 of 1957 S f 5s 1958 F&A 35% 40 20-year s f 6s 1950 J&D British 4s 1990 opt '60 M&N War Loan 3 Ms of 1932 Victory 4s due 1976 Brit Hungarian Bk 7 Ms 1962. 3 Bud* pest (City) 68J 'n'Socoup'e^ 5% Buenos Aires (Prov)6s'61 M&S f 60 6s stamped 1961 M&S / 60 7s stamped 1952 A&O / 81 7Ms stamped 1947 M&N / 83 6 %s stamped 1961 F&A / 78 Scrip • / 45 48 % Readjust 4M-4Ms '77.M&S Ref s f 4M-4Ms '76...F&A 48% Extl re-adj4M-4Ms '76A&0 48% P2°l 70 4.50 % 68 13% qo* to 1.60 70 4.25 3 4.00 % 100 . Ref 3 % s 1940-1947.. .M&S 97 Duval Co Road 5s 1955--A&O b 3.75 Duval Co School District No. 1 5s 1940-1955— A&O b 2.50 Escambia Co 6s Aug 15 1951. 100 100 3.50 to 3.75 114 b 3.00 2.00 b 2.50 to 4.25 Hillsborough Co 5s Oct 1 1943 101 103 Hillsborough Sch Dist No 4— 101 104 Jacksonville— 5s Jan 15 1941-45..J&J 15 b 2.50 5 Ha Jan 15 1941-45.J&J 15 b 2.50 91 Refunding 2.60s Jan 1 1957 Lakeland new refunding 75 Ext re-adi 4M-4Ms'75M&N Extl s f 4s $ bonds 1984.J&J 3.25 to 3.25 to Sec 79 b 2.50 b 2.50 to 4.25 b 2.50 to 4.00 Marlon Co Road 6s Feb 1 '52. Road bonds 5s July 11952-Miami- % 2.00 110 109 90 Certificates of deposit. 113 105 New Smyrna— Ref 3-4 )4-6s Jan 1 1964 93 — to 4.00 95 98 100 3.75 4.15 to 4.20 98 2.75 4.00 101 99 > 2.50 80 103 67 4.15 99 > 7% assented 1942 69 2.50 Extl 3.90 % s f 6s 1960 to 4.25 103 105 100 102 58 60 % i i 55 45 55 'IV* 80 40% 51 51 9 9 30 9 30 8% 30 2% lr 16 15 10 7 7 Ext Tax fires In Connecticut, ft Basis j iTA Sept. 1961—M&S 6s assented Sept. 1961 f_lVA Extl Ry ref 6s Jan 1961. J&J 6s assented Jan 1961— \VA 25 25 k Last sale, n Nominal. 14m 10 13 12 15 10 13 loo" 56 161" 97 ' 73% 80 7% 8% 5 30 5 22 s Extl f 6 Ms 1952 Denmark ext 6s 1942 Ext'l 5Ms 1955 s 5 16 7 J&J J&J 36 F&A 30 Trustrcts 4Mb 1962 A&O 15 Dominican Rep 5 Ms '42.M&8 2d Series 1942 25 39 65 65 "69" 75 Administrations— 5 Ms of '22 ext 1961 2d series 1961 5 Ms of *26 ext 1st 75 75 ser 71 1969 1969 5Ms of'26 ext 2d ser Dresden (Ger) ext 7s '45 M&N 69 Duesseldorf 7s to 1945--M&S Duisburg 7s to 1945 M&N El Salvador (Rep)—8s A 1948 "6" Frankfurt-on-Main (Germ)— 7s 1939 7s 1940. A&O A&O 7s 1941-1945 A&O Extl s f 6 Ms 1953 M&N French Government— 7s ext of 1949 stamped. J&D 7s plain 1949 7Msext 1941 stamped J&D 7 Ms plain 1941 German Conversion Offer— Funding 3s 1946 German Cons Munic 7s'47 F&A Cons munic 6s 1947—J&D German Govt Internal— 5Ms loan of 1965 J&D 5 Ms unstamped 1965 Stamped (Canadian holder) German Extl 7s *49 stampA&O 7s unstamped 1949 Scrip 70 11% 6 Certificates of deposit Estonia (Rep of) 7s, 1967 J&J Finland (Repub) 6s '45.M&S \sH 50 75 * 18 ■ 15 * * 8 7% 105% 110 108 "75" 108" / 30M 8' / ~ 8 / 32 m 18 9m 18m 10m 19 m 12% 1% 24 14m 2m / f 10M 12 9 / / f f - German. Prov & Comm Bks (Con Agr Loan)6Ms*58 J&D 25 Graz(Mun)Austria 8s'54M&N/ Gt Brit & Ireland—See British Greek Govt s f 7s 1964—M&N / 15 7s part paid 1964-...M&N/ 7 Sink fund 6s 1968—F&A / 10M 6s part paid 1968...F&A/ 7% Guatemala 8s 1948 M&N J 30 Haiti (Rep) 6sextl 1952.A&0 78M 6s 1953- 12 '16" 85" 70 A&O 75 6s 1946 A&O / Hanover (City) Germany 7s'39 / 7% 6 20" Hanover (Prov) Germany— 6s 1st series 1957 F&A / 6 Ms 2nd series 1949 F&A / 7 7 20 Gold Heidelberg (Germ) 7Ms'50J&J / 10 Hellenic Republic (Gr \reck) Sec Wat Works*8s 1952 A&O / 20 Helsingfors (City) Finland— s Hessen. 11H 14 13 13% 12% "12% 13 li" — /Flat price, 11 J&J 15 12% f 6Ms Irish Free State 5s 1960-M&N Italy (Kingd) extl 7s '51.J&D Prestito Redimibile 3 Ms Specified 11 12% 12% 11 11 10% 11 10% 15 12 12 14% 12 — unspecified Ital Credit Consortium for Pub wks ext 7s B'47 M&S Pub Util Credit s f 7s*52J& J Japanese Government— S f 6Ms 1954 F&A Extl s f 5Ms 1965 M&N Oriental Dev Co 6s'53-M&S 12 48 1960 A&O See Munich Bank Hungarian Cons Munic Loan 1 f g 7Ms 1945— J&J Extl s f 7s Sept 1946--J&J Hungarian Land Mtg Instit'n Mtg 7Ms 1961 ser A—M&N S f 7MsT61 ser B($ bds)M&N King) 7 Ms '44.F&A Ext at M% to 1979 F&A Orient Dev Co 5Ms'58M&N * 75 70M f 8s 1951 ser A..A&O Extl 15% 10% 12% f 11% A&O f 13% f 11 f Chill Mtge Bk 6Ms *57 J&D31 / 6 Ms assented 1957 f S f gu 6 %n Jna 30*61. J&D31 f 6Ms assented 1961 / 48 Hamburg (State of) Germany 15 6% assented 1963 50 / 48 / 40 „ 15% M&S f f M&N / 64" Ext s f 8s 1952 ser B..A&0 Danish Cons Municipal Loan 5Ms 1955 M&N 5s 1953 F&A Danzig Port & Wat Ways Bd 52 7 68 assented 1960 Extl s f 6s Feb 1961 —.F&A 6s assented Feb 1961 Extl sf 6s Extl sf 6s 1962 6s assented 1962 Extl s f 6s 1963 Ext! sf 5Ms *53 Customs 43 / / 61 55% 102% 4 42 24m Extl g 4Ms *49 opt—F&A Extl 4 Ms 1977 J&D Extl g 5s 1949 F&A 4 22 40 20M 98 % 3 — 100 West Palm Beach— Refunding 2-5s 7 10 22 5 Ms Cust Adm 1940—A&O 2nd ser 5Ms 1940—-A&O 14M 11M 10M 10% 25 m ~ Funding 5s 1951 M&N Costa Rica Pac Ry 7 Ms 1949 5s 1949 M&S Cuba (Rep) 5s 1944 M&S 10 s f 7s 1960 ser A__M&S f 7s assented 1960 M&S f Chili (Rep) ext 7s 1942.M&N f 106 106 7s stamped 1937 40 40 / 10 / 20 Cordoba (Prov) Argentina— Extl s f 7s 1942 J&J Costa Rica (Republic)— Ext sec s f 7s 1951 M&N 3 Municipal Loan- Extl 83 75 104 > Chilean Cons 2.00 70 8t Johns Co Road 5s 1946— Road 5 Ms 1944 M&S 8t Petersburg— Refunding 3-5s Oct 11972 Suwanee C® Road 5 Ms 1946— Tampa— 5s June 1955 opt '25—-J&J 5s w w Purch ,40-*72.F&A 4 K« Impt 1947 J&J Ref4s 1943-1965 M&S 28 40 6 6s A Int ctfs 1938 A&015 f Central Bank of Germany— 6s A 1952 F&A / 6s series B 1951 A&O f 100 3.50 4.25 .. 6s Oct coupon on 1960 to 4.25 3.75 Palm Beach (City of) 5s Pensacola 4Mb ref 1941.. &J 5s 1958 J&J Pinellas Co ref highway 4s - 4.00 3.00 4s 1961 County 5s July 1 1940 St Augustine ref 4s 1967 New refunding 3-5s 8% ; \* Farm loan 7s 1950—M&S15 Farm loan 6s I960—J&J15 6s July coupon on 1960— Farm loan 6s i960—A&015 3.50 3.90 3.00 J&J M&S Polk 40 53% hi s f 8s '54.J&J (Dept of) Colombia 7Ms 1946 .A&O Certificates of deposit Extl sec 7s 1948 J&D Certificates of deposit Ceara (Brazil) 8s 1947—J&D f Cent Agricul Bank (Germany) to 4.00 92 Refunding 4s 1941-62.F&A Orange County 5s 1944--J&J „ 14 28 41 Carlsbad (City) Orlando— 1952-1953 14 Cauca Val — 5Ks 1941-1950 M&N b 2.50 Ref 4mb non-opt 1947-56— b 3.75 5s Caldas Exts f Call (Colombians f 7s '47.M&N Callao (Peru) 7 Ms 1944. -J&J Miami Beach— 5 Ms 1945 1950 6s 1940-1950 12 40 52 1968.M&N I 7Ms 1946—J&J f 30 Certificates of deposit Sinkfd 7s (of 1927) r47 F&A Certificates of deposit Copenhagen 5s June 1 52 J&D Extl g 4Mb 1953 M&n Cordoba (City) Extl s f 7s 1957 —F&A 7s stamped 1957 Externals f 7s 1937.--M&N 42 36 J&J f f 7s 1967 Stabil loan 7 %n s 183* A&O Certificates of deposit... 5MsPubWkBJune 30'45J&D Cundinamarca Dep (Colombia) Extl s f 6 Ms 1959 M&N Certificates of deposit... Czechoslovak Republic— Bulgaria (Kingdom)— 93 46 70 20 " .A&O 12 '18 46 ' May 8 20 10% 8 66 9 38 Brazil 8% ex 1941 J&D f 7s Cent Ry elec 1952..J&D to 2.10 1.40 0-50 Dade Co 5s Oct 1947-54.A&O Special Tax Sch Dist No. 2 Ref 4s 1956-1967...M&N Refunding 3Ms and 3Ms_ ~ 43 48 / 10 Bolivia (Rep) Ext 8s '47 M&N 2% Extl 7s 1958 .J&J 2% Extl s f 7s 1969 M&S 2% FLORIDA ily 1 75M mi A&O 13 3 Funding 4s Jan 1 1946 39 hr- 11 J&D 17m „ "25" 40 Certificates of deposit to 1.15 Brevard County School Tax Districts No. 1 & 4 Refund65 Columbia Co Road 6s 1955— b 4.75 Coral Gables— 5Ms July 1941-1975. 25 8 25 ■ 5Ms 1940-1944 J&J Sussex Co 5s 1941-1970—J&J 4mb 1940-1953 A&O Wilmington— 4Mb Bldg Con *53-*62 M&S 4mb 1910-1958 (s-a). .A&O 5s 1947-1949.. A&O 4s 1942-1948 A&C „ 8% 36 J&D 7a Oct 1947 New Castle Co— Gainesville 5Ms July 1940—- j* 25 9 85 A&O 20 J&D Colombia Mtge Bk— 20-yr s f 6 Ms 1947 A&C / 20 Certificates of deposit / 10 Sink fd 7s(of 1926) '46 M&N / 20 79 p 12 10 2I* 00% 40 15 Government— 2nKk5'aaT9?4yS58£--J&D1; 77% 73% 73% J&J J&D 1955 f 6s s 1962 Cologne Germry 6"mV50."M&S / —Colombia Rep 6s 1961—J&J / 17% 10 Certificates of deposit 89 Bogota (City) extl 8s '45.A&O Certificates of deposit... Extl s t6%n 1947——A&O f 12 Bogota (Mtge Bk) 7s May *47 / 20 Certificates of deposit / 10 to 1.50 1.50 f 7% f 5 / 7M f 5 f 7% f 5 f 7% f 5 f 50 Ih ir 10M M&N notes 1931 6s stamped 1931 28 35 Ask 11 1961 6% Chinese f lH h&O 6s June 15 1958 DELAWARE 5 — Extl sf 7s 1955— 35 27 35 25 35 30 Barrauquilla 8s 1935-40-46-48 / 28 Bavaria (Ger'y) 6 Ms '45.F&A / 6 Bavarian Palatinate 7s '45 J& T / 4 30% Belg Govt extl 6 Ms 1949 M&S External 31 6s Oct 1961 Antwerp (City) extl 5s '58 J&D Argentine Repub— 4 Ms s f extl loan 1948.M&N Extl s f conv 4Kb '71.M&N 5 f extl loan 4s Feb '72.F&A S f extl loan 4s Apr *72. A&O 2% Treasury notes 1948— Australia (Commonwealth)— Extl 58 July 15 1955.J&J15 Extl 5s 1957 M&S Extl 4Mb 1956 M&N Austrian Govt 7s 1957—J&J Baden extl s f 7s 1951 J&J Bank of Colombia 7s '47. A&O 7s 1948 4Mb Mar 15 1941-49..M&S b 0.75 20 10 20 10 20 10 20 10 6s assented 6s 1962 6s assented /" 6" M&S Anhalt 7s to 1946 (Concluded)— .A&O S f gu 6s 1961 7s 1947 J&J / Certificates of deposit / Akershus (Dept of) 4s 68 M&S to 2.25 Bid Bonds Chili Mtge Bk 6e 1948 A&O / Certificates of deposit.__ / 7s 1946 A&O / Certificates of deposit— / 1.75 to or Net 4gricul Mtge Bk (Colombia) to 3.00 0.40 J&J Ask FOREIGN GOVERNMENTS AND CITIES 6s 1947 F&A f Certificates of deposit / %n 1940-1943—J&D Jin 1940-1944 Bid 2.50 Manchester ^ Ms 1941-44M&N Yield Basis To or Bonds Net 2.75 Hartford (School District) *4 Ms Northeast 1959-J&D *3 Ms South Sept 1955-M&S Hartford County— preceding tne date of issue Yield Basis Yield Basis Bonds 93 bonds possible for the closing day of the month Quotation* for all securities are as near as / / 70 5M 6% 7 — / — / / 30 8 8 .... m. m 20 — ' 75 41 42% 17 19 12 16 42 32 77 "34M 78% 60 % 62 55% 50% 56 51 To Net AND STATE 94 MUNICIPAL possible for the closing day Quotations for all securities are as near as Ask Extl 10 15 / / Medellin (Munic) (Colombia 7s extl Dec 1 19.51 J&I Certificates of 6 Ms 1954 Certificates of 6 8 SK - -- liH 6M 10 f 76 «fi> 63 M WUD XUWi- Extl Extl Metrop Water Service— See New South Wales. Mexican Irrigation— s f gtd 4Ms 1943— "ffStfSffftS# / / / f / 1945. 4s 1904 assented 1954 4s 1910 assented 1945 6s 1913 assented 1933 Milan (Italy) ext 6Ms '52-A&0 Mlnas Geraes (State) Brazil M 1958------M&S 1969 ser A--M&S Montevideo (City) 7s "52J&D Extl • f 6s 1959 ser A-M&N Mtgefenk of Denmark— Kxch s f 5s 1972 ser IX J&D Municipal Bank— 1 Conv ------ / / % M % 1 Conversion scrip Venetian Prov Mtge 33 68 Extl s 36M 30M 6% scrip Brazil 7s 1958. Pernambuco (State of, Brazil Extl s J 7s 1947 M&S Peru sec if 7s 1959 M&S Nat Loan extl 6s 1960-J&D Extl s f 6s 1961 A&O Poland (Rep of) 6s 1940- - A&O 4Mb assented 1958--A&O 8taDUization s f 7s 1947 A&O 4Mb assented 1968--A&0 External 8s 1950 J&J 4Mb assented 1963 J&J Dollar funding 3s 1956-A&O Parana (State) - — 2Mb 40 "40 " 34 34 27 M 24 K 25 M — - "26"" 27 15 6 25 "102" 55"" 16 6 M 5M 6 5M 6 3M 3M 9 9M — K 5 7 3M - — — ------ 4 1 Porto Aiegre (City) Brazil— 7 — I — Roumanla 4s Elec L & P 1941 F&A / / paid Russian 6M» June 18 1919— 5M% ext loan D®' 1921 s — Me 4s — Hi 8s ctfs of deposit 1948 Catharina (Brazil)— 8s 1947 F&A / San Paulo (Brazil) State of— 8% external loan 1936.J&J I f Extl 7s 1956 M&S / Extl s f 6s of 1928.1968 J&J / Bee s f 7s 1940 A&O / *anta Ft (City) Arg Rep extl / / Santa Fe (Prov) 7s 1942.M&S 4s Stamped 1942—--- 7M 5M 7 7M 6M 22 M 66 81M 90 62 7K 8 . 7M 25M 68 ""§2"" 66 — „ Extl guar s Jantauder f 4s 1964-_M&S 64 (Dept) Colombia / A&O/ 11 Santiago (CI ty)Chile7s '49 J vj / 13 / Extl s f 7s 1961 M&N / 17M / Extl if 7s b Basis. 1948 /Flat price. 14 25 k Last sale. — - 50 % 75 55 53 M&S 45 60 M&N15 59 M 4s Nov 15 1957 Toronto 6s 1940 5s 1940-1950 40 1950-1959 4MB 1941-1945 4Mb 1946-1961 4s £ July 1 1948 3Ms July.l 1944Vancouver. (B C)— 5Ms 1952 60M 58 1940 & 1941 60 M 63 78 62 64 It" 58 53 58 M 59 58 M 60 M 60 50 98 J&J J&J J&D 75 "85" 85 75 A&O 70 80 A&O J&J J&J 70 70 80 70 80 F&A 65 75 60 70 var 80 70 60 58 1945 & 1946 var 58 1950 & 1951 var_. 5s Jan 15 1970 J&J14 60 70 60 70 55 4Mb 1942 and 1967—F&A Verdun deb 6s 1954 Winnipeg. Man 5s 1944—A&O 4Mb non-call 1944—_M&N 4Mb June 1 1946 —J&D 4Mb June 15 1950—J&D15 4s Aug 1 1946 F&A15 65 80 73 72 80 70 80 68 78 68 78 65 63 61M 61M 66 GEORGIA 64 63 M 69 M 64 70 M 60 M 66 "68M 63 H 66 M "68M 4M« ref 1940-1945 J&J b 1.00 2s Highway Pef Mar 15 '47— Albany 5s 1945 Appling County— Koau to 1.40 5s 1949-1953 Athens 4 Ms June 30 1943 Atlanta— ... !%75 2.20 J&D 3.50 % 1.50 % b 3.75 b 2.00 37 5s Water 1941-1951. J&J b 4MB 1940-1956 _J&J& Ref 2Mb 1940-1967—-J&D b Augusta 4Ms Flood '42..M&N b Bibb Co 4Ms 1948-49..M&N b 34 37 37 32 35 32 35 32 35 32 35 32 35 32 35 28 33 60 65 1.00 1.00 1.00 2.00 2.30 to 2.30 % Chatham 34 84 84 M 36 40 36 40 34 60 65 58 58 63 63 58 63 54 60 54 60 54 60 61 % 2.40 % 1.50 % 2.25 % County 4Mb 1940-1949-F&A b 1.00 to 2.25 % Clarke Co 5s 1941-1944 J&J b 1.00 ito 2.30 % Columbus 5s 1940-1944—J&J b 1.00 to 2.20 % Crisp Co 5s 1941-1957 ..F&A Dougherty Co 5s 41-'48_M&S Muscogee County— Road 4Mb 1941-1956..A&O Pulaski Co 5s 1940-1948.-J&J Savannah 4Mb ref 1943._J&J 4Mb Drainage 1944 F&A 4Mb Refunding 1959.-F&A 2Mb 1943-1967 J&D15 Spalding Co 5s 1941-'49—J&J b 3.00 b 1.00 b 1.00 b 1.00 b 2.00 b 2.10 b 2.50 b 2.00 b 1.00 Swainsboro 6s 1941-50—A&O b 2.00 Valdosta 5s 1941-1942 Jan b 1.00' Ware Co 5s Road 1940-49 J&J b 1.00 80 A&O J&D to 2.30 to Road to 4.00 to 2.20 ' % % 2.30 % to 2.50 % 1.50 % to 1.75 % 2.25 to to % 2.50 % 2.40 % to 3.25 % to 1.50 % to 2.40 % IDAHO 4Mb ref 1941-194i> 4s ref Jan 31 1941-1941 to 1.25 b 2.00 to 2.50 b 0.75 to 2.50 A&O b 0.75 0/75 60 Amer Falls Reservoir Dist— 60 65 56 60 56 60 J&D - 54 57 F&A 50 55 50 55 50 55 45 50 45 50 1957 s fdeb 1949 J&J 40 50 40 50 45 50 47 52 1950 1952 4Mb Serv Comp *40-'43_Aug 1 4Mb Serv Comp '40-'43_Aug 1 4Mb Serv Comp '40-'44_Aug 1 4s Highway 1941-1943-May 1 4s Highway 1945-1954. .M&S 4s Highway 1955-1958.-M&N 3Ms Emerg Rel '40-'47 Dec 15 3 Ms Emerg Ref *48-'54 Dec 15 Bloomington 4Mb Water 1940-1961 opt 1952 M&S Champaign County— 5s Road b b b b b b b b Par Par Par 0.60 1.40 2.50 0.75 1.85 % to 2.40 % to 2.60 % to 1.75 to 3.00 % to 1.50 % Chicago— 45 50 M&N 76 79 3s 1957 3s M&N J&J 70 80 b 1.00 b 2.00 b 1.00 1941-1942 to to 1.75 % 2.55 % 1.25 % b 2.00 Water Works System— 3s ctfs Aug 1 1954 opt 1956opt 1945-1949 to 2.50 80 70 62 70 60 68 4s 1941-1944 60 M&S 66 73 M&S 15 i960....M&N 16 60 65 62 67 68 4s 1949-1950 70 2.40 2.90 b 0.90 b 2.00 b 2.70 4s 1945-1948 70 60 % 3.00 2.15 2Mb ctfs Feb 15 1958-59 3M« 1952 opt 1945 3 Mb 1953 opt 1946 3 Mb 1955 opt 1951 60 to 2.90 75 nNominal. to 1.10 b 2.00 62 Sept 15*62 % % 1941-1943—M&N b 1.00 65 Deb 4M> Deb 4M> % 1.35 to % % 70 1960 to 1.20 to 1.20 to 2.40 J&J 5s % ILLINOIS 3s 1941-1944 3s 1945-1948.-- Commissioners— 2J50 J&J 4Mb June 30 1940-1954 4MB 1956 M&S 4Mb 1960 A&O 4Mb non call 1958-M&N 15 4 Mb sf Apr 15. 1««1 A&O 15 Debenture 4s 1947--M&N 8fdeb3M»1948 A&O 3 Ms 8 f deb 1946 J&J 3s s f deb 1941 —- -J&J 5-yr 3% debs July 1 1944.. 10-yr 3 M % debs July 1 1949 North Vancouver 5s '60..J&J Nova Scotia (Province)—Deb 20 65 50 60 Debenture 5i 1960 --- 75 75 to 9.00 50 M&N F&A J&D 5 fdeb 5Ms 8 fdeb 5M" 15 lVA 5.00 70 Nov 1. 1969 New Brunswick— — 65 45 70 65 5s Santa 55 48 60 Harbor — 64 75 A&O 15 1971 J&D 4s May 1,1944M&N Metrop Co 4Mb 'ss.^&'ol 4Mb May 1. 1965 M&N 8M 7M 65 59 45 4Mb Mar 15 i960 70 4Ms June 1, Im 65 58 - 60 - 4Mb Jan. 1944 4Mb 1940-1951 scrip— 8s1948- — _ 6 65 4 Ms May. 1954 - 63 58 (Province)— (non-call)_.J&D15 M&N 1943 J&D J&D 3Ms — 63 55 5s 1959 (non-call) Montreal 5s Dec 1, 1945-J&D 6s s f Nov-1, 1956 M&N — 55 Boise City Ind Sch Dist No. 1 1945 4MB 1951 4MB 1956 Me 22 f 58 — 70 4Ms 12 M 85 65 2 61M 73 M 58 M 95 75 65 75 Ms 1958 5s 1959 - 85 5 60M 95 Saskatchewan 40 "5M 56 92 80 J&D 70 4s 7M 8 .J&J . 1946 60 6% > *r (... .<y Certificates of deposit S F 4 Ms 90 4MB 1956 J&D 3s serial July 15 1940-1959Quebec City— — 60 7M "8"" Extl deb 1953 65 S Fdeb 5 5s 1944 (Mtge Bk) 6a ser A '47 X&S / 6s series B 1947 A&O Salvador 7s 1957 J&J f (Otty) f 6s 1953— 3Mss — 95 90 J&D J&J —M&N —M&S J&J J&D 5Ms 1942 5s 1943 S Baarbrucken — 6s Oct 1 1940-1944 Boise City 4Mb 1051 9 V\ * . 75 50 m 5M 5M 9 61 70 Lachine P Q 5s 1954 Manitoba (Province of)— Debenture 6s 1947 A&O ___ 70 61 '65" Hydro Elec Pow Com— 4Mb Jan 1, 1970—J&J 2 City 5s *40 '45...J&J 6s Munic Imp '40-'50—J&J 5s July 1, 1940-1956—J&J 4Ms 1940-1944 ..J&J 4Mb 1943-1960 J&J Quebec (Province)— 8-yr 2Mb 1944 M&N 15-yr 3s 1951 M&N 3 Ms 1949 j&j 5M Hamilton— (Monopolies) Institute 7s 1959 Feb 1937 coupon 27 J&J Halifax N S 4s July. 1945 5s Jan. 1951 5M 35 M f 6s 1968 J&D Rome extl s f 6 Ms 1952__ A&O s A&O 5ssf 1955 & 1960 — !s:: Extl M&N *48--J&J 15 A&O 25 4Mb 1940-1946 J&D 29 4Mb 1947-1956 J&D 29 4Mb s f deb Jan 23 '69 J&J23 Calgary 5s July 1,1945-—J&J Edmonton (C) 5s '45&'50A&0 - 7M 7 Prague (Greater) City— 7 Ms loan of 1932-52-_M&N / 6 "12" Prussia 6Mb 1951 M&S 15 13 M 6s 1952 A&O Queensland (State) 7s '41 A&O Ext g 6s Feb 15 1947 F&A15 ""56M Rio de Janeiro 8s 1946 7M A&O ?""6M Extl s f 6 Ms 1953 6M F&A / 5M 6M f 5M 8Mb 1959 — 6M 6s 1933 / 5 Rio Grande Do 8ul (State) Brazil ext s f 8s 1946 A&O / 7s extl s f 1966 M&N f Extl s f 7b 1967 J&D / M&S 1944.A&O Brit Col (Prov) 5s 5s Apr 25. 1954 8 5% 5K 6 7 75 57 57 5s S F (non-call) I960.M&N Alberta ~5H / 15-yr 4Mb 1940 Refunding 5s 1943-.—A&O 5s May 1952 M&N (Prov of)— Gold 5 Ms 1947 J&J Gold 5Ms 1952 A&O Gold 5s 1948 J&J 5s 1950 .—A&O 15 Gold 5s 1959 A&O 4Mb Jan 15. 1942—_J&J 15 Deb 4 Ms 1956 A&O 4Mb Jan 15.1957 J&J 4Mb July 16. 1958 J&J 4Mb Apr 1, 1961 A&O 4Mb June 1. 1967 J&D Debenture 4s 1954 J&D 15"" ""25" / / Sinking fund 8s 1961—J&D / 5 f 40-yr 7 Ms 1966 J&J f 7s 1968 F&A f Prov Bank (Westphalia) 6s *33 / 6s 1936 f 5s 1941 f 15 Refunding 4 Ms 5s Nov 15 1941 ' 58 M 11 1944 1943 Jan M&S M&N J&D J&J J&D M&N F&A J&D 8-yr 2Mb 7-yr 2Mb 1944 10-yr 2Mb 1945 20-yr 3s 1955 3b 2Q~r«kr 1958 J&D 3s perpetual M&S 3s Jan 15 1967 J&J 30-yr 3s Nov 15 1968.M&N 14-yr 3 Mb 1951 M&N 25-yr 3 Ms 1961 opt '56 J&J 15-yr 3 Ms, 1949 A&O 20 yr 4s 1952 —A&O 30-yr4s I960. A&O 38 / / / - /" 37" 2s 6-year 1944 — / / -_ 53 Bank— A&O 1% notes 1941 1MB 1942 40 _M&N / _ 42 M Dominion of Canada— 30 M 90 70 65 60 ■ 73 deposit)—- 40 m (American Dollar Quotations) 20 1955---A&0 (City) 6Ms 1952.... / 50 (Rep)ext5Ms'53 J&D /101 f 5s ser A 1963- 43 CANADA f extl 4Mb Stamped 42 M — 65 60 85 F&A 5s 6 90 62 4Mb 1961 Yokohama extl 6s 1961.-J&D 26 16 Municipalities Bank Guar s f 6s 1970———J&D Nuremburg extl 6s 1952-F&A Oldenburg (Free State) 7s 1945 / Oriental Devel—See Jap Govt - — —_ 65 39M '52 M&N 1958--F&A 4Mb assented 1958 F&A Warsaw (Land M Bk) 8s 1941 / Westphalia—See Prov Bank Wurtemberg 7s to 1945-M&N / 70, 75 J&D f&A 3 Ms s f deb 1952 Vienna (C) extl 6s Warsaw (City) 7s 6 % 7 5M 5M Norway Series A (ctfs of 40M 4-4M-4M% extl readj s f bonds of 1937-78 F&A 3 Mb extl re-adj 1984--J&J IH 2% If 1945 F&A / National Bank of Panama— 4s ser A & B 1946-1947 / 4s ser C & D 1948-1949 / New South Wales (Australia)5s extl s f 1957 IfAA Extl s f 5s 1958 A&O Met Wat Serv & Dr Board Sf5Msl950 A&O Norway ext 6s 1943 F&A External • f 6s 1944--F&A 4 Ms extl sk fd 1956—M&S 4Mb extl sk fd 1965—A&O 8x fd ext) 4s 1963 *&A Panama 58 M 13 62 .M&N M&N fk 62 y8 Apr 27 S f 7s 1952 ser A Hessen 7s to Panama 30 f of *37 1978. J&D 8 48 27 external conversion 1979- ... 28 Extl 6Ms Extl 6Mb s s 75 70 85 Ottawa 3M-4M-4 5-16% extl 1945.. 5s assented Oslo 9m 41 57 M f 6s 1949 88 88 70 2 Ms 1944 M&S 1960 f 6s 1964 s 85 85 M&N Debenture 3s 90 "§6" 2s 1940 3M-4-4M % (S bds of 1937) external readjust 1979 3M-4-4M% ($ bds of 1937) Stamped assented— 9 A&O '47-M&N / 10 Uruguay 8s ext 1946 F&A ""69"" 75 Net 68 4s May 15.1941-43-M&N 15 4s May 15.1944-57-M&N 15 4s May 15,1958-88-M&N 15 Debenture 3s 1950...M&N 9M 7 Tolima (Dept of) 7s 81 *±0 CAt 1 1 CO.VJLJ 7 F&A 5s of 1912-1952 Extls f 5 Ms 1961 20 Argentina—- Mendoza (Prov) 4s 1941 F&A / lst mtge s f 6s 1947 Sydney (City) N S W25-yr s f 5 Ms 1955 Tokyo (City of)— 9M '} V2 9 Ask 88 J&J M&N M&S 4MB 1944 4Mb Jan 15. '41-'47—J&J 15 4Mb Jan '15 *48-'57-J&J 15 4Mb 194M970 M&N 15 12 J&D / Extl sf 7s 1958 20 -----J&I 5s 1959 4Mb assented 1958 J&D Sllesfan Landowners Assn- 14 5M 5MB 1946 6 Poland— (Prov) Bid Ontario (Prov) 6s '43—M&S15 5M 14 B—M&N Extl 7s 1962 ser Silesia To or Bonds Net 5 11 J&D Ask 5% 4 H Mtge Institution Serbs Croats & Slov (King o Extl 8s 1962 M&l 9M deposit-.. deposit—. State Sink fund 6 Ms 1946—J&D Coll sf 6s 1947 M&S 17 y n «w Maranhao (State) Brazil— Ext a f 7s 1958--——M&l s Sink fund 7s 1945 ... <!'9 .... )f Saxon 15 — ./ j M&N / f 6Ms 1957.M&N 15 / Extl sec 6s 1943 M&N 10 jjudoucl £> Bid Bonds Net Sao Paulo Brazil 8s 1952 >/ To or To or Foreign Govts, and Cities (ConcM Jugoslavia (Kingdom)— Funding s f 5s 1956--.1 Yield Basis Yield Bais Yield Basis Bid Bonds BONDS of the month preceding the date of issue to 1.75 b 1.00 b 2.25 to 1.40 to 2.55 4Mb 1954 3?00 Board of Education— 55 65 60 70 60 70 3s 1957 opt 3s 1957 opt 55 65 3 Ms 1955opt 1940 18 1 to 2.80 1941-1943 1945-1947 4Mb 1954 opt 1944 Chicago Park District— 3 Mb 1956 opt 1940 4s 1955 opt 1940-'44 4s 1955 opt 1945-'47 4s 1955 opt 1948-'55 ... to 2.50 % % 2.30 1.90 2.40 b 0.60 6 2.25 ■—b 2.60 to 2.00 % to 2.50i% to 3.20' % Quotations for all possible for the closing day of the month preceding the date of issue securities are as near as To or Sanitary Yield Basis Yield Basis Yield Basts Bid Bonds To or Bonds Net Ask Bid b Par b 2.25 to 4s 1955 opt b 2.60 to 4s 1950 b 1.00 b 2.25 2.00 b 2.70 2.55 b 2.70 b 2.75 2.55 4*s to opt 1941-1944 opt 1945-1947 4s 1950 opt 1948-1953 Elgin Sanlt D 5s '41-*44. M&N Evans ton S D No 70— 4*s June 1 1940-1948 Forest Preserve— 4s 1950 opt 1941-1944 b 2.60 b 1.00 2.00 2.5C to 3.15 to 1.60 4s Jan 4s 1950 opt 1945-1947 1948-1952 Granite City 4 *s 1940-48 J&D b 2.25 to 2.50 4s 1950 opt b 2.60 to 3.10 b 1.50 b 1.25 J&J 48 Mar 1. to 2.50 1940-40-J&J La Grange (Village of)— 38 Water rev 1942-08--M&S b 2.00 Lake Co 5s Road'40-'49_ F&A b 1.00 4% revenue 98 Refunding 2*8 1940-'41-F&A 6 0.50 to 2.75 State 100 b 1.50 to 2.50 F&A 98 F&A 1904 b 1.25 1.1911-1958 to 3.15 3*s 1940-1959. J&J Long Term Bonds— Refunding 3 *s 1942-'50-F&A 100 Wlnnebka (Village) 2 *s Dec to 1.10 6 1.10 1942-1956-— 104 3*s Jan 1 1957-1961 3*s ser Q 1943-1954—J&J 6 1.50 3*sserQ 1955-1960 J&J 6 2.70 Port Commission Refunding to 2.00 rev 4s to 0.75 6 0.50 4s Jan 1 4*s 1940-1944 J&D b 1.25 Rockford S D No 205— Bridge 3.90 Highway— 1940-1943 Ref3 to 2.50 101* 105* to 2.60 to 2.90 102* 1.00 ) *81957-196" > 2.40 to 1.30 INDIANA — Elkhart 4 *s WW *41-75 A&O b 2.00( to 4 .00 1°.50 Evansville 4sref 1942 J&J Fort Wayne 4*8 '40-'57-A&O b"1.50 to 3 ".00 % to 2.85 4s Water registd 1940-58-J&J 6 0.25 3*s 1956 ref (tax-exem)_J&J ~"'s gold July 1944 M&S 6 0.25 .8 reg July 1 1940-07 Metropolitan Water Loan— 1.00 2s reg 1944-68 J&J 1.20 l*s 1945-1969 J&J 1 0.40 l*s Reg 1941-1959 M&S Hurricane & Flood Damage— 0.25 *% 1940-43 M&N15 0.25 Arlington 4s'40-'42 (tax ex)J&J 0.25 Beverley 1 *s 1941-1948-A&0 Boston 4*s Sept 11981-M&S 4*s Tun 1960 tax-ex__A&0 Fort Wayne School Dist— 5s Oct 1 1940-1943.-- b 1.50 Gary Sch City 4*s Oct 1943.Hamraon (City)—4s O H 1942-1950---J&J30 b 1.75 Indianapolis-— 5 *s Track Elev *41-*47-J&J b 1.00 4s Fire Dep J'ne 1 *41-J&J 4*s 1941-1955 J&J 57.00 Indianapolis S D— 4s Bldg Sept 1 1940—J&J 3*s July 1 1941 J&J So Bend 4*8 W W '43.M&N i*s 5*s 1941 M&S to 2 .00 Impt 1941- 1948- f&a b 1.75 % to 3 to 2 ho to 2 % Capital Bldg 4*s Aug 15, '52 Charity Hospital at N O— 3.85s 1942-1968 F&A 101* Atchafalaya Levee Dist— 5s Sept 1940-1972 M&S b 1.00 Baton Rouge—5s '41-'54 M&S b 1.00 Bossier Dist Levee 5s *54-A&O 2.40 ..J&D Rapids 4 *s'49-'53M&N Clinton Co 2*s 1942.-M&N Davenport Indep Sch Dist 4Kb 1940-1941 Des Moines 5s 1940-'57 to 951 opt b 0.50 to b 0.75 less * Levee— 1942..J&D 106 to to 3.25| % b 0.75 to 1.20 5 0.50 less 4*s 1941-1966 0.75, % b 0.75 A&O b 1.00 Public Belt Bridge Rev— 4s 1940-1945 A&O % 105 A&O 105 4s 1940-1956 * 4 *s serial gold 1940-45 M&S 5 1.50 less 1 5 1.40 less 1 M&S 5 1.50 less 1 5 1.80 less 1 5 0.75 to 1.70 4*s serial gold 1945-60 4*s serial gold 1961-80 4s Constitutional 1942.J&J 4s Pub Impt *52 opt'42-J&J 5 0.50 to 1.50 5 0.75 to 5 0.75 4s Pub Impt 1942 J&J Orleans Levee District— to 1.75 5 0.75 5 0.75 to 2.00 5 0.50 less 5 0.75 to 1.60 * KANSAS J&J J&J F&A 4*s Wat & Light 1944.J&J 4*8 Imp July H '49..J&J 2*s Ref 1951-1960---A&O 4*s. 1941-1952 4s. 1953-1954 Kansas City 5a 1942 0.50 to 2.25 2.20 to 2.30 % !%00 1.25 2.25 5 2.20 to 2.50 % Board of Education— F&A J&J 2.25 "S~30 % 3.35 % 3.60 % 3.70 % to 3.90 % 108 Sch Dlat4*it944^4J&J 0.50 0.50 Leavenworth— 4*8 Water 1941-1947 -J&J Leavenworth Co to 2.20 5s 1945 tr75 to 3.15 % to 2.90 to 3.10 Shawnee Co 4*8 1944 1.50 Topeka 4*8 1948---- 2.25 4 *sl941-1945 July 1968 106* to to % % % 3.30 % 3.10 % to 1.75 to 3.10 % % J&J 0.50 to 1.40 to % 2.50 % b 0.50 to 1.50 % 102 May 1, 1950—M&N 102 103 • 101 101* 100* 101 102 103 102 July % % 1.90 % 1.75 % 2.30 % to 2.25 Project No 13 1953 102 102 103 2.00 % 3.25 % to 3.00 4s , Funding 1948 % 2.30 % 3.25 b 3.90 3.70 b 3.90 3.70 b 3 .90 2.30 b 4.25 4.00 % 2*8 Water May 1 1953— 100 - to 2.50 % 3.00 % 2.80 % 6 0.75 to 3.00 6 0.75 to 3.30 to to MARYLAND 0.50 to 2.00 2*s 1940-1951 A&O 2*s June & Aug 15 '40-'52_ 1941-1953 F15&A l*s 1941-1953—-F&A 15 l*s 1943-1955 F15&A 0.25 to 2.10 0.25 to 2.15 0.50 0.50 to 2.15 1.10 to 2.15 l*s 1942-1954 F&A 15 Annapolis 4*8 W W '42-A&0 0.90 to 2.15 2s 3?00 3.00 to 2.50 to 1.75 to 3".66 to 3.00 0.50 to 2.75 0.50 to 2.75 0.50 to 2.50 0.50 to 2.50 0.50 to 2.60 0.50 to 2.50 0.50 to 2.60 M&N 6 0.40 tmm to 1.75 0.50 to 2.00 0.50 to 1.90 0.50 to 2.20 0.50 to 1.40 0.50 to 2.50 0.40 to 1.60 to 2.50 to 1.75 to 3.00 2s G & E 1940-1947—_A&0:6 0.50 Lawrence (wat h'way & t 1940-1958 J&D 6 0,50 Lowell 2*s 1940-1947 J&J 6 0.50 Lunenburg Water District— 2*sl942-1969 A&O 6 0.90 Lymfield Center Water Dist— 2s 1943-1967 -J&J 6 1.00 Lynn 4s Sewer 1941-56--M&N 6 0.50 2s to 2.75 to 2.00 to 2.25 % % to 2.50 % to 2.00 % b'dge)l to 2.25 to % 2.25 % to 3.00 % to 3.00 % % % to 2.50 M&S 6 0.50 to 2.75 to 2.25 1941-1969 to 2.25 to 2.25 0.50 to 1.25 0.50 to 2.50 M&N A&O 0.50 to 2.75 0.50 to 2.00 J&J % % % A&O l*s 1940-1944 A&O Newton 2 *s 1940-1969 A&O l*s 1941-1955 -J&J N'th Adams 1 *sl941-49M&N Northampton 1 *s *41-59 F&A Pittsfield 4s 1940-1944—J&D 2*s Dec 1 1940-1955--J&D Quincy 2*s 1941-47 A&O l*s 1941-1949 M&N Reading l*s 1940-58 M&N15 Salem 1 *j*1941-1948—M&N 2s 1940-1949 .M&S ~ % % % % 3.00 1.00 to 2.00 % % 1.00 to 1.50 0.40 to 2.75 0.40 to 2.25 0.50 0.40 to 2.00 0.40 to 1.50 0.40 to 2.50 0.50 to 2.00 0.50 to 2.00 0.40 to 2.75 0.40 to 1.90 0.40 to 2.00 " % % to 2.50 3*s School 1940-1954-J&J 0.50 J&J A&O 0.50 to 3.00 0.50 to 2.75 0.50 to 2.75 0.50 to 0.40 to 1.90 0.50 to l*s relief 1940-48—M&N b 0.50 Wellesley (Town)— 2s H S 1941-1952 M&S 0.50 to Winchester to 2.00 2*s 1941-1969 l*s 1941-1955 Springfield— 3*s Water 1940-1900-J&D 2s sewage dlsp 1940-68M&N 1 *s Relief 1941-1940-A&O to 2.10 to 2.75 Water town— 0.50 3*a 1940-40 .J&J (City)— Funding 1940-68.-J&J b 0.40 2*s Hospital 1940-49-J&J16 0.10 2.10'% to 2.60 1.15 MICHIGAN J&J 15'5 A&O 15 b 4*s Highway 1943 .F&A 6 4*s Highway Impt 1944 A&O b 4s Highway Impt 1942--A&0 b 5*s July 15 1941 5*s Oct 15 1941 % 2.50j% to 2.25 to % 2.75 % Worcester 1 *s Certificates of Indebtedness— 3s 1941-1950 A&O % 9 to 1.60 to 1.75 Walt ham 2s 1940-1948.-J&D 2.00 % 2.00 South 3.70 b 3.00 % to 2.20 3.70 b 3.90 to 2.30 J&D 6 2.25 Portland Sewer Dist— 1940-1950 M&N 6 1.00 Water ville 4*s 1940-50 6 2.00 Westbrook 4*« 1940-1948— 6 100 to 1.00 to 0.75 Somerville— J&J 4a 98 % to 2.30 % 6 2.60 4s O H *41-'45 tax ex A&O 6 075 Portland Bridge District— 3*s July 1. 1940-1947 6 0.75 Portland Water District— % to 1.00 2*s 1940-1953 l*s 1941-1949 Water District— 1952-1958 /o to 2.00 0.50 New Bedford 4s 1957 Portland— Project No 141945 to to 4s % to 2.25 0.50 2.90 3.40 to _ Ashland— / Flat price. to 4s State Pier 1941-1942-.M&S 6 0.75 Old Town 102 101* 101* to 2.40 to 2.40 3*s 1940-1942 tax-ex M&N 2s 1941-1953 F&A Methuen (relief and sewer)— to 2.70 Bath 48 Ref 1941 102* 102* b Basis. 3.70 to 3.00 3*8 1940-1951 M&S 6 0.75 2sImprove'mt 1940-50 -A&O 6 0.75 Augusta 4s Oct 15 1940-1955- 6 0.75 tax-ex_J&D 6 2.50 Belfast 4*s Ref '40-'50 M&N 6 3.50 Brewer High Sch Dist— 4*s 1940-1945 M&N 6 1.00 Kennebec Water District— A 1.10 Medford— to 2.30 to 2.20 % 2.00 1 *s 1941-1954— M&N 6 0.50 Maiden 2 *s 1941-1958--F&AI6 0.50 Ref l*s 1940-1949—M&N " 0.50 3.20 to 1943 MAINE 4a Ref 4*s 8 I '42, '47 &*52_-M&S Bowling Green—5s 1955.J&J Covington 4*s *40-'50—A&O 4*s WW 1941-51 J&J 4s Fdg 1952 opt '42 F&A 4*s School Jan 1 1941-69 Henderson County— 4*s R&B Oct 1'4(K50 A&O Lexington— Pub Wks Nat Recovery 4s 1941-1963 J&J City Hall 5s 1941-*55-F&A 2.50 % to 2.50 to 1.80 0.50 to 2.50 0.50 3.70 % 6 0.75 1.75 % % 0.50 KENTUCKY Bridge Revenue Refunding— 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 Noll 1952 Project No 12 1947 108 Sept 1. 1940-1953 M&S 6 0.75 0.50 4s Highw & Bdge '40-44 M&N 6 1.50 H'way &Bdge '41-54-A&O 2.75 % 1941-48-.A&O 6 0.50 2*s 1910-1947 5s 0.75 2*s Tensas Basin Levee District— 5s Jan 1957 J&J 6 3.50 4s % 2.80 % 3.00 % 0.60 2*s 1941-1968—M 2 & N 2 4s 1941-1955 (tax-ex)-M&N 0.75 Framingham— oio l*s water 1940-58-—M&N Haverhill 1 *s 1940-1951 J&D 6 0.50 Holyoke 4s 1940-1950 A&O 6 0.50 106 J&J 6 3.80 Red River A & B B District— 5s 1950 Series B A&O 6 3.30 5s Mar 1953 opt 1943-M&S 6 2.50 5s 1965 Series D F&A 6 3.80 to 3.00 Fall River— to 2.70 5s % % ?90 __M&S F&A Cambridge 2s 1940-1958-A&O l*s 1940-1946.F&A Ohicopee 1 *s 1941-1959 M&N Easthampton (hi'Way & relief) l*s 1940-1948 M&N15 Everett l*s 1940-1959--J&D 1 *s Relief 1940-1948.-J&D . to 3.30 5s Oct 1952 A&O 106 Pentchartrain District— 6s 1944 M&N 5 2.60 1.50 "0.75 2*s 1940-1949 l*s 1941-1950- 105 £ 105 to 1.75 to 3.00 1.75 1.75 McPherson 4*8 1945 Saline Co 4*8 1945 5*s Jan 1 1941 J&J Topeka S D 4 *s Mar 1 '4l-'46 Wichita 4*s 1941-1946.J&D Sch Dist ref 4*a '41-48F&A l*s 1945-59 J&D Wyandotte County— Brockton 1 *s Is 194119 -i9l 101 Shreveport— 5s Dec 1, 1940-1969--.J&D 6 0.50 4*s W W & Sew '40-'54J&J 6 0.50 4*s May 2. 1941-67-M&N2 6 0.50 0.50 4*8 1941-1953 4*s 1940-1953 J&D 3*s June 11943-1944-J&D 3*s July 1 1945 J&J 3s April! 1941-1957 2*s 1941-1968. J&D 2*s Sent 1 1940-1956-M&S 2*s 1940-1955 J&D l*s 1940-1959 -..J&D Metropolitan District— 2*s ser A 1941-'58-M&S 2*8 ser B 1941-62-.J&J 2,*s Dec 15 1940-1960.2*s Oct 1 1940-62 A&O Braintree 4sl940-1941 J&J 101 Plaquemine Parish E Bank— Soldiers' Compensation Bonds to 3.40 3.00 0.50 4s relief 1940^1953 108 100* Orleans Parish Sch Board— 5s 1940-1944 —J&D b 1.00 5s 1945-1967. ; J&D b 2.00 to 3.50 % % % 2.25 104* 107* 1940-1949 J&J b 1.00 1950-1959. —J&J b 2.80 4*8 Non-callable 1952 J&D b 3.20 to 1.25 3.00 5b July 5s July to 2.00 5 0.50 to 2.70 48 Tun & Sub '59 tax-ex J&J 103^ 106 1 1942-1964-M&S b 1.50 Orleans District— to 2.00 I 1%50 to 2.90 4s Mar. * to 2.80 % to 3.90 3*s Ref 1940-1962...M&S 104 3 *8 July 1 1953-1968 105 4s July 11940-1952 b 1.00 1.70 is 6 0.50" 6 1.75 b 2.90 I 4s Tunnel & Sub 1948 J&D 4s Sub 1958 tax-ex J&J New Orleans—Public Belt— b 0.50 4*s Water 1940-1944.A&O Sac Co 2*8 May 1 1941-1947Sloux City 6s '40-'45-F&A15 0s Ref Aug 15 1940..F&A15 4*s Sewer 1941-47—M&N 2*s 1940-1950J&J Sioux City S D 5s 1941—J&J Woodb'y Co Fund 2*s'42-'40 103 6 3.80 A&O 6 3.40 Lake Borgne Dist 5s Dec 1952 opt 2.75 % 2.80 % - opt '62 Basin Levee— 5s 1956-1970 Des Moines Ind S D— 4*s Sept 1 1945 4*s 1944 4s Sept 1 1945 to 2.30 2.00 1940 J&J 100 1942 J&J 5s Oct 15; 1962 op '52.A&0 b 3.40 5s Oct 15,1963 op'53A&0 15 b 3.45 5s 1969 opt 1959—F&A 15 b 3.70 to 0.75 J&D J&J W 3.00 % 102 1941 5s 1950 opt 5s 1952 opt 2.60 % b 2.25 106 3.15 % % to 3.15 Fifth District Levee— 1.75 M&N J&J W 1940-42 6s Gen Obllg 1940 4tfs to % Caddo District Levee— 1.00 2.25 5s 1972 1910-1942 to 3.15 b 2.90 Lafourche 4*s to _. IOWA Cedar to State Pension 5s June 1,1948. b 2.40 South Bend School Oit City- 4*s 1.60 1.75 3 *s series S 1958-1960-J&J b 3.10 3 *s ser V 1950-1961--J&" b 3.05 3-3 *s June 15 1943-1962 99 % 2.50 % 2.30 % 2.35 % 1.25 ! 2.50 % to 2.50 — % 2.55 % 2.10 2.15 MASSACHUSETTS to 2.40 State Highway— 4*8 series D & E 1944-55 5s series F Mar 15,1945-485s series K July 1,1947-49 4s ser 8 1941-1957 J&J 4s ser V 1943-1955 J&J 2.10 , to 1.25 Regis'd stk 1940-57 M&N - to 3.5C Elver Forest S D No 90— 2.10s 1944-1958 Rock Island (City of)— 3.90 LOUISIANA 5s series A. B & O II'way Bdg)— 1904 J&D 2.25 2.65 0.25 —A&O 2.50 4s 1950-1975 M&S 3*8 March 1945M&S 2.10 3*s Refunding 1952 J&J 2.75 3*s Sewage Impt '80-A&O 1.50 Oumber'd 4*a W W *41 A&O Hagerstown— 0.50 5s Water 1940-1987—A&O O.50 4*sl940-1987 A&O Montgomery Co— 4*s 1941-1968. M&N 6 1.50 Washington Sub San Dist— 3.00 3*s Wat & Sewer '87.M&N 3.25 4*s Sewer g 1973 J&J 3.00 5s 1969 opt 1949 Short Term Bonds— Madison (Kings 2.20 to 2.80 4a 4s % 3?00 1.80 M&S M&S 1901 1945-1971 2.00 4s 1940-1944 4*s w w 1940-1970—A&O b 4.00 Warren Co 4*8 1941-'59-J&J 6 4.00 Net to 2.80 1.50 1.70 0.60 3.80 to 3.00 Jackson Co 4*a 0.50 4s Annex 1954 J&D 4s Parka 1955——.M&N 0.90 Paducah— 2.00 to 2.60 b 1.25 b 0.85 3s Sew & Park 1941—J&J Owens bo ro 5a Sewer.—.J&D b 4.00 to 2.50 b 1.00 2.55 b 2.75 to 1.70 2.10 4*8 Mar 1, 1941-*55~M&S 4s Aug 1, 1951 F&A b 2.70 1943 Ref 3*8 b Par 2.00 to 3.00 1.20 1941-1961 A&O 5s Gen Imp 1943-45--.M&S 5a Water 1901. A&O 68 registered 1940 M&S F&A J&J 1905 1 1970 Sewor 4s 0.50 5a 1.70 b 2.25 Ask Baltimore— 2.60 b 1.90 Bid Bonds 2.60 b 2.25 Hospital 1951—.M&S 4*8 Ref 1905 J&D 4*8 Jan 1 1970 F&J 4*8 Sewer 1969——J&A 4s Sewer 1947 F&A 4s Lou W Co 1950—F&A 2.00 2.50 2.20 to 4s 1950 1948-'54 Cook County— to To or Net Ask Louisville 5s Sch 1902—A&O b 2.75 District— 4s 1955 opt 1940-'44 4s 1955 opt 1945-'47 95 BONDS MUNICIPAL AND STATE -June, 1940] 0.25 0.30 less 0.75 1.00 less 0.50 less less less * * * * * STATE 96 possible for the closing day of the month preceding the date of issue Yield Basis Yield Basis Ann Ask . Bonds Net Arbor— b 0.75 4Mb 4Mb to 1.75 b 1.15 J&J to 1.50 b 0.75 MAN Dearborn— . less to 1.75 to 2.00 1.90 to 2.25 Nov 1 1948-1952 3s Road 1963-1957 3s Building 1941 b 2.00 to 2.75 99 b 3.80 less 4Mb ----4MB ---Refunding Water series D— 3 Ms Oct 1 1951-1901 — 3 Ms Oct 1 1940-1950 3 Ms Oct 1 1948-1950 4s July 1 1940-1947.- — Street railway 4Mb Refunding 3 Ha *57-'02 J&D Refunding 4s '40-'56--J&D General & Street Railway— less 1 b 3.10 less 1 b 2.75 to 3.00 b 0.50 to b 2.75 less b 0.50 to 2.50 b 3.40 less 2.75 1 1 100 to 3.60 Oct 1940-59 b 0.50 to 3.25 General 3s Oct 1 1959-02- b 3.40 lesslM 0.40 to 1*16 J&J 1.20 to 3.00 ...J&J 0.60 0.60 to 3.00 3s 1940-1957 3s 1954-1975. lass b 1.50 to 3.60 b to 3.60 1 b 3.60 less b 1.00 to 3.60 98 100 98 100 b 1.00 to 3 b 1.00 to 3.00 .00 b 1.00 to b 1.00 to 2.CO b 1.00 2.40 b 1.00 4Mb 1941-1945 M&N b 1.00 Lansing 4Mb 1940-1946-.J&D b 0.75 Muskegon 4Mb 1941-44--J&J b 1.00 Muskegon S D 5s 1942—July to 1.75 to 1.50 1.75 to s °25 Saginaw 4Mb 1940-1949—F&A 4Mb Sewer 1940-1951.J&D b 0.75 b 0.75 1 b 1.00 Covert roads to 2.50 4Mb Airport April 1 1948— fbo 0.50 to 3.10 2Mb School 1941-1969.M&S 0.50 to 2.75 0.50 to 2.50 J&J J&J J&J 0.50 to 2.75 0.50 to 2.80 J&J to 3.25 4Mb .35 Duluth 4Mb 1941-1947---J&J 4s 1940-1946 -J&J to 1.90 .00 .25 2s Rural Credit ctfs 1942 less 0.50 less less to 2.50 to 1.65 .00 . 0.40 to 2.35 0.40 to 2.00 A&O 0.40 M&N 2.00 to 2.15 F&A 2.10 to 2.20 Springfield 4Mb '41-'49—M&N University City— 4Mb 1941-1943 M&N 4MB 1942-1949 J&J15 0.50 to 2.20 0.50 to 1.15 1.00 to Phila-Camden Bridge— 4MB 1940-1945 M&S to 2.25 Public Bldg & Impt— 3 Ms 1941-55 2Mb 1951-56 1954-58 4Mb 1946-1973 East 4s 4Mb Sanitarium '4l-'42 J&J .00 .50 to J&J J&J 3Mb 1941 .L00 3.00 to 2.25 1.00 .00 % to 2.60 .25 less M&N A&O .00 less .00 .00 to to 2.00 .00 to 2.70 .00 to 2.50 M&N J&O A&O .00 to 2.60 .25 to 2.20 1.90s Oct 1 1941-1946.A&0 1941-1943— F&A 1Mb 1944-1948 F&A .00 to 2.00 .00 .75 to .00 to 2.30 .00 to 2.30 .00 to 2.30 .00 to 2.60 .00 b 1.00 J&J 6 0.50 to 2.00 2s 1941-1946 1.80s 1 70s 1941-x949 J&J Ramsey County 1M Mar 1 1941-1949-M&S 2MB 1941-1947 F&A 4 Ms 1941-1950 -F&A 4Mb Rd & Bdge *41-'44M&N 4Mb Rd & Bdge '40-'43 J&D St Paul— fis school July 1 1951 M .00 NEW less ... 1 4Mb W W 1941-1942 5s School July 1 1951—J&J 5s Gen'limpt 1941-62—J&J 4 Ms Sewer July 1 1943-J&J 4Ms 1941-1959 J&J 4s 1941-1961— A&O .00 .00 .00 to 2.70 _ less NEW 2.80 to b"0.50 to 105 % 2.50 % 2.70 2 .70 % 100 Non-call*ble bonds Greenville 5s fund *43-'50 F&A 5 Ms 1941-1954-A&0 105 1.75 4Mb Jan 1 1941-1952 4MB 1940-1952 M&N Jones Co 5s 1941-1942— -M&N Meridian— to 2.80 0.50 0.50 0.50 0.75 Jackson to 2.85 '0 to 2.85 % to^.85 % to 1.75 % House 1941 J&J 1.25 Mississippi Levee District— 5s May 2 1944 6s July 11953 1.50 0.60% 2.15 % 2.00 % 2.20i % —J&J 2.80 Yicksburg— 5b Pub Imp 1940-1948. F&A b 0.50 Yazoo-Mlss Delta Levee Dist6s 1940-1954 -M&N b 0.50 4Mb July 1949 J&J /Flatprice. % 0.85 b 0.50 to 1.10 % b 0.30 to 1.40 % 0.15 to 2.35 0.15 to 2.65 0.15 to 0.20 to 2.60 % to 2.80 !j60 to 0.75 n Nominal. % 88 b to 1.75 1.50 to 1.75 b 2.00 to 4.00 M&S b 1.00 to 3.50 to 3.75 M&N15 to 4.50 to 3.50 .M&N b 1.50 Hunterdon County— 4Mb Road & bldg *4l-*46J& J Irvington 5s School 1963.J&D 4Mb 1940-1959 J&D Jersey City— 5Ms 1942-1953 A&O 5s 1910-1969 A&O 4Mb School 1940-1958.J&D 4Mb School 1945 J&J 4 Ms Water 1961A&O 4Mb 1940-1907 J&D 4sTtefunding 1949 F&A 4s July 1 1940-1953 Gen ref 3 Ma '41-*54—F&A 3Ma, 1910-1956 J&D Keansburg5Ms 1941-59.M&N b 1.00 to 2.00 b 0.50 to 3.40 b 3.00 to 4.75 b to 4.75 1.50 &fl.50 to 4.50 00' 4.00 b 1.50 b to 4.25 1.50 to 4.10 b 2.50 to 3.90 b to 1.50 b 98 3.80 87 Kearney— 4Mb Water 1940-70.J&D15 b 1.00 4Ms Sch impt '40-'52.J&D b 1.00 2.70 T to 3.00 5Ms to 3.75 1940-1970 J&D b to 3.50 1.00 Linden 2Mb 1910-1956—-J&D b 0.75 Lodi 5s 1941-1947 J&J b 90 Long Branch 5s 1943 M&N Lyndhurst 4-5Ms. 93 Maple wood (Township)— to 2.50 , 0.30 0.40 4Mb series B July 1940-1967 1941-1969. 2MB8erieB D May 1941-1970 N. J. Emergency Relief— 3Ms Jan 1941--4s series O April 6s May 4°50< to 3.25 85 5Ms Water 1941-1963-M&S to 3.25 ... to 2.50 0.20 0.30 0.40 0.40 0.60 0.75 1.00 1.75 0.40 4s 1940-1967—-. ._J&D15 . to 2.75 % % 78 3~25 97 t0 3.00 b 0.75 Middlesex (Borough)— 3 Ms 1941 to 1967 J&J Middlesex County— 4Mb Road 1941-1944..F&A Imp 3s Nov 15 1940-1948— Monmouth County— 4Mb Mar 15 '41-'50—M&S 4Mb Rd & bdg '40-51F&A15 Montclair 4M« Sch 1941-A&O 4Mb High sch bldg '44. J&D 2Mb May 16 1941-1970 Morris b 1.50 b 1.00 99 . to 1.75 b 0.75 to 2.75 b 1.00 to 3.50 b 1.00 to 3.50 b 1.00 to 3.00 County— 0.30 4Mb 1942 opt 1922 J&J 3 Ms 1940-1949 0.30 J&D15 0.30 Morristown— 0.30 4Mb 1941-1942 J&D 4s 1941-19090.40 —r M&N to 2.45 Neptune 4Ms 1941-1955-F&A % to 2.55 % Newark— 6s 1941-1972 M&S to 2.45 5 Mb Oct 15 '40 to'59 A&015 to 2.45 5s 1940-1958 J&J to 2.55 4Mb 1940-1983 F&A to 2.55 4Mb School Dec 1 *45—J&D 4s Sch house 1959 opt 1949 4s Pas Val sew'61 op 51 J&D 0.40 4s 1940-1970. 0.40 J&D to 0.45 3Ms Track elev 1954—F&A % to 0.60 3 Ms 1941-1966 M&N % — 0.30 0.40 Construction— 0.30 0.30 0.40 0.40 1941. 4Mb Nov 1940 to 1941 3Ms Mar 1941 to 1942 6 Basis. to 2.50 JERSEY 3 Ms ser A July 1940-1966.. % 2.00' to 3.25 to 1.60 J&J b 0.30 Mb series E July 1940 4 Ms series F Jan 1941 4Mb series G July 1941 4s series H July 1942 4s series I July 1943—_ 4 M® series A of '27 July 1944 4s ser B of '27 July 1950Soldiers Bonus 5s July 1941 Highway Extension— 4 Mb E of '20 July '64 opt '39 4Mb F of '20 Jan '55 opt '40 4Mb A of *24 Jan *65 opt *40 4 Mb B of '24 July '65 opt '40 4 Ms C of '24 July '60 opt *41 4 Ms ser B of'30 July '40-'e7 3 Ms ser O of '30 Nov *40-'69 Institutional M&N to 3.00 to 3.25 to — 107 to b 0.75 4s g Park 1954 & '59-M&N b 3.40 2Ms Apr 1 1941-1959.. b 1.50 b 0.15 Bridge bonds— 4Mb Series D July 1940 4Mb series E Jan 1941 to 1.60 to 1.00 % b 0.15 4 b 0.50 b 0.50 b b 1.00 to 2.75 Road Bonds— Callable bonds. 4Mb School to 3s H S 1941-1950 1 to 2.75 to 3.75 to 2.90 .00 1941-1957----.—J&D MISSISSIPI 5Ms Impt 1941-1946 M&S 4Mb May 1 1941-1950—— 4Mb Impt 1953 J&J 4Mb Flood 1940-1953...A&O 3 Ms Highway 1950-1959.F&A Biloxi 6 Ms 1941-1943 A&O 1.50 less .00 .75 to 3.25 b 0.75 b 1.50 Nashua— to 2.80 2.60s to ,90 % % % % 3.50 % 1.75 % b 1.00 4Mb 1941-1978 Concord— 2Mb Sewer 1940-1956-M&N 4Mb USD 1940-1965.J&D Keene 4 Msl940-1942 M&N Manchester— 4s Impt 1940-1951 A&O 3Ms Bridge 1940-1956-F&A % 3.50 % to 3.00 Hamilton (Township)— 3Ms sewer 1940-1978--J&D b 1.00 Hoboken 5s 1940-1954...J&J b 1.50 Hudson County— HAMPSHIRE July 1940-1948 J&J 4Mb Highway 1940-1943.J&D 3 Mb Refunding 1942-1944 J&J 1Mb Highway 1941-1946 M&S to 1.75 .00 J&J A&O J&J b 0-75 4s 1.75 to % 5s 1948 J&D b 2.25 Omaha SD 4Mb Mayl'55M&N b 2.40 York School District— to 2.30 to 3.40 to 3.25 to 1.50. 15'41 J&J 6 0.75 M&N b 2.30 4Mb 1941-1955 % 112 b 1.00 J&D 3s 1940-1966--. 1.50 to 2.40 to 2.60 .00 1941-1966 2Mb 1941-1967 2.30s 1940-1947 2Ms 1941-1958 2 20s 1942-1959 to 1.00 110 2.65s 1941-1970 4Mb Wat wks Dec 4Mb May 1 1950 to 2.70 2.60s b 0.50 F&A Hackensack4Ms 1942 F&A 4Mb Imp 1941-1942—J&J ,• 68 1941-1954 F&A to 2.50 4Mb 1940-1959— to 2.80 A&O M&S M&S 3s 1941-1959 ^ Omaha— 1 82 Gloucester Co— 4 Ms Bldg& Rd '40-*45 J&D20 b 0.50 NEBRASKA North Platte Sch Dist— to 2.70 .00 to 4.00 (Boro)— 4Mb 1940-1966 1.25 to 4.00 5s July 28 1940-1960 b 0.50 Falrview 5s 1944 J&J Glen Ridge— 4 Ms Mun Bldg 1940-70 F&A b 0.50 Gloucester City— Great Falls— 4Mb School 1941-1944 A&O % 0.50 Lincoln School District— 4 Ms 1941-1953 M&N b 0.50 McCook County— to 1.25 4Mb Hospital 1941—M&N Minneapolis— 5s 1941.1943.1945,1946, 1947, '48, '49. '50—-J&D 4MB 1941-1952 A&O Hennepin County— 4s 1944 to 2.25 Highway debentures— to 1.00 M&S Hospital 1946 Essex Fells 6 0.75 to 3.50 to 4.35 to 4.30 Orange— Elizabeth— 2Mb 1941-1978 —M&S 4Mb 1941-1957 A&O 5Ms Dec 1 1940 1946.J&D 6s 1941-1972 J&J Englewood 5s 1941-1944. .A&O Essex County— 4 Ms 194M960—-.M&S 15 bonds— '44. 1941-1953..J&J b 1.25 1.00 3.00 3.75 1941-1969. J&D b 1.00 5s Sewer 1941-1960 J&J b 1.00 3 School 1940-1974—A&O b 0.50 2.20 Douglas Count*— 5s Highway 1940-46.-A&O 6 0.40 Holdrege S D 5s 1941-52. J&D b 0.75 to 2.50 3.25 to 4.75 4Mb MONTANA 4Mb Dec 31 1940 Daniels Co 5Ms 1940 6s 1941 opt 1940 1.50 b 2.75 4s 1944 1968 3.20 Beatrice S D 5s 1941-54.-F&A 6 0.50 to 2.50 .00 to Cape May— 4Mb School 1941-1951.M&S b 95 Delaware River Joint Com M M M to 1.50 J&D b 0.75 5Ms 1910-1961 F&A 4Mb Water *41 to '60.M&N 4Mb 1942-1969 J&J 4s 1945-1970 Camden Co— 4Mb 1940-1970 —J&J b to 2.65 1.50 0.60 to % 1940-1958 0.50 Camden— 2.70 2.70 4s opt 3.00 Bloomfield4Ms 1940-69J&D15 Bogota 4Mb 1940-1946--J&D Bound Brook 4 Ms '40-'42 J&D Bridgeton (City)— to Funding I940-1942.J&D 3.00 3.00 to to 2.20 MINNESOTA .70 to 3.00 98 M to 3.00 0.50 4Mb Wat & Sew '40-'50-J&J 3 Ms July 151943 J&J 2M trunk h'way '47-51—M&N 1.85s Rural Credit ctfs 1941— 1.00 to 2.10 to 2.00 to 2.10 to 3.50 to 1.25 J&J 3.50 Wayne County— 1.00 to 4.25 to to 3.45 100M 1.25 to 1.00 to 3.25 Pontiac— Refund 4-4 Ms 1964 opt 1937 4Mb School June 1 1955. Port Huron 4Ms 1942 1.00 0.50 to 3.30 2s to 3.90 1.00 to 4.25 0.50 0.40 3%00 4Ms July 15 1955 to 3.00 2.50 0.50 0.40 Jackson Union S D— 98 to 4.00 5MsDecl5 1940-60.J&D15 2.75 2.60 — 2.50 -1.00 — 76 M 69 5s Dec 15 1940-1955. J&D15 3.55 2.75 F&A M&N 4s 1941-1951 M&N 3s School 1941-1954—F&A 2s Feb 1 1958-1959 F&A to 1.50 to 1.50 74M to 3.60 to J&J A&O — to 1.45 J&J Bergen Co— 5Ms Dec 1 3.00 M&S 4Mb 1941-1953 4MB 1941-1948 J&D b 0.40 M&N b 0.50 to 3.65 St Louis— _ to 0.60 Belleville 5s 1940 & '44-M&N 3s Refunding *41-'60. M&N Belleville S D 5s *40-'44 M&N to 3.00 to to 0.75 4Mb 1940-1955 F&A 4Mb School 1940-1966.F&A 3.75 0.50 3Ms 1941-1951— J&J 2MB 1945-1955 J&J St Joseph 4Mb 1941-'45-M&S Refunding 4Mb May 1 1951 3.50 Bayonne 5s 1941-1949 to 2.50 to to 0.60 2M-4Ms Jan 1973 66 Water 3-4 Ms Jan 1973 95 I Atlantic County— 4 Mb Bridge 1941-1957-A&0 b 2.00 Audubon (Boro)— 6s July 1 1940-1944 1.00 5 D 4Mb 1941-1955—M&S 1.50 to 3.00 J&J 2MB 1958-1975 2Mb 1956-1975 Kansas City S D— to 3.50 1943 Asbury Park (City)— Refunding 4s 1966 Atlantic City— 3.00 Net A 1942-1949, opt to 3.00 5s 1941 1 1.50 1.50 to ser opt 1942 1 Ms ser B 1943-1950, to 3.00 4MB 1941-1950 4MB 1941-1950 4Mb 1940. to 2.85 b 3.40 b 1-J&J 4s 1941-1951 b 0.50 1940-62 1.75 4 Ms 1941-1950 0.60 J&J16 4Mb 1949 ...J&D *0.60" 4Mb Road 1941-1952--J&J 4 Mb Court h'se '41-'52 J&J 0.60 Joplin (School District)— b 1.25 4Mb 1943-1948 Kansas City— 4Mb Various May 9 '41-'72 b 0.50 4Mb Jan & July 1942 J&J 0.50 4MB 1941-1955 A&O 0.50 4Mb Airport 1941-54—A&O 4s Airport 1941-1971—M&S 0.50 3 Ms 1941-1974 0.50 J&J 0.50 3Ms 1941-1974 F&A 3 Ms 1940-1955 0.50 A&O 1 b 3.05 98 to Jackson County— 4s 1941-1951 4Mb 1941-1950 lesslM b 3.00 b 0.50 to 0.80 Ret 3s 1943-1956 102 Water 4s non-callable to 1.65 .J&J 3s State Bldg 1941-1944.F&A Buchanan County— 101M 101M 100M 2.20 1.90 0.40 J&J Ask Emergency—Concluded 1Mb J&D 1948-1952 4Mb Road 1941-1942 100 M 101 100M - Refunding 2Mb 1951-63 J&J Refunding 3 M» 1941-50 J&J Refunding 4s 1941-60.M&N 4s Jan 1 1941-1953. --J&J Refdg 3Ms 1961-62.-M&N Rfdg3Ms 1940-1952. J&J 15 Rfdg3Hs 1953-1962. J&J 15 3Ms Jan 1 1953-1963--J&J Flint 4Mb 1941-1954.M&S 15 6s (Mar 1 & Apr 1) '41-'50Flint Union School Dist— 5s 1941-1954 -M&S Grand Rapids— 3s Sept 1 1941-1945—M&S Grand Rapids School Dist— 4Mb 1940-1943 M&S Highland Park— 4 Ms April 15 1957 5 Ms May 1 1941 4Ms School Nov 1 1954 Jackson 4 Ms 1941-47--A&016 M&N 3 Ms to 2.50 4s Water 2Mb Oct 1 1.20 To Bid 3 Ms May 1941 to 1942 b 0.40 2M Jan 1941 to 1943.-..-. b 0.40 Ed Aid 4 Ms ser A Jan 1941-42 b 0.40 Unemployment Relief— to 1.50 A&O 1944-1948— to 2.00 General3Mb callable (Long) 3 Ms to 2.20 Road 1.00 Detroit— 5s 2.00 1.00 1.00 4s % _ ^O-'Sl-'SO-A&O 4MB 4Mb Road 1948-1951 —-M&S 1943-1946 M&S b 1.00 b 1940-1951—M&S 4Mb Sewer N. J. M&S 4s F&A 4MB 1941-1949 Bay City— w w Bonds Net 4s 1943-1947 Greek— 4 Ms Sewer 1940 Battle Creek S D— ' SMs or r Ask Bid MISSOURI W W ref 4 M« 1940-1948 3 Ms 1944-1946 Battle Yield Basis To 0r To or Bid Bonds BONDS MUNICIPAL AND Quotations for all securities are as near as b 0.30 b 0.40 b 0.50 to 2.25 b 0.75 to 1.50 b 0.25 to 3.10 b 1.00 to b 1.50 to 4.50 b 1.00 3.50 to 4.30 b 1.00 to 4.25 b 1.00 to 4.25 b 1.00 b 1.50 2Mb Jan 15 1941-1976—J&J b 1.40 99 3.75. to 3.90 to 3-50 June, 1940] STATE AND MUNICIPAL BONDS 97 Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Yield Basis Yield Basis To or Bonds Ask Bid New Brunswick— 4MB 1.00 to 3.50 1.00 to 4.20 1.00 to 4.15 1940-1957 3 Ms Mar 15 *41-'81—M&S 16 6 0.30 3 Ms 1940-1949----M&N 15 6 0.25 3s g Canal Jan 1 1956—J&J 123 3s g Canal July 1 1958 —J&J 123 North Arlington (Borough) Refunding 4s North Bergen ref 4s-4Ms— Nutley (School District)— 4Hs 1941-1942 F&A 82 84 86 3s Mar 25 1941-1987 6 1.00 _ Orange— 4Mb Sewer 1940-1964.A&O 3s g Canal Jan 1 1959—-J&J 3s Canal 1957-1959J&J 88 4Mb 1943-1967-.: F&A 6 1.75 Ocean OitySs 1944 98 F&A 4 Ms Impt May 15 1941-56- 6 3.50 Ocean Co 4Mb 1940 '50-J&D 6 1.25 6 1.00 to 1.50 to to 5"66 % to 3.75 % to 1940-1951 5s Impt 1941-1948 J&D b 1.00 to 3.60 2Mb 1Mb Emerg 2Mb 2Ms % M&N 4Mb Refunding 1944--M&N 6 1.50 4)4s Water 1940-1970-J&J 6"0.75 to 3.50 % 6 0.75 to 2.75 6 0.75 to 3.50 % % 1.00 to 4.00 to 3 .40 Passaic County— 6 b7.00 to 4.00 f°00 % 4.00 to 100 6 4.00 to 4.50 to 2.70 0.50 to 2.65 0.50 to 2.60 to 2.40 4s M&N 2.55 J&D 15 2.50 M&N 0.60 to 3.00 A&O 0.40 to 3.20 b 0.50 to 2.75 4s June 151960 4s 1940-1958 J&D 1.00 to 3.00 2.60% Relief 1940-45..J&J 2Ms Oct 15 1940-56..A&O to 2.20 to 2.70 0.60 0.30 0.45 to 2.50 to 2.70 0.50 to 3.25 J&D 0.60 to 3.25 3 Ms ser F 1940-64—M&N Columbia County— 0.45 to 3.30 3Ms 1941-1964 Trenton— 534s 1941-1951 A&o 1.50 to 3.75 A&O 1.50 to 3 434s 1941-1966 434s 1941-1960 3s 1941-1970 F&A F&A A&O 1.50 to 3.75 1.50 to 4MB .75 6 2.25 to 3.00 to 4.25 to 2.50 to 2 .35 to 100 334s 1941-1951 opt '40.A&O 6 1.75 3348 1941-1979— J&J 6 1.75 to 4.00 97 to 6 0.50 to 3.50 6 to 3 .25 1.00 6 1.75 to 6 2.25 A&O to 4.75 1.25 to 3.50 6 99 MEXICO ..J&J b 1.75 0.75 334s H'w'y deb '46-'47—M&N b 2.50 1.75 334s H'w'y deb '48-'49—M&N b 2.50 3s Jan 1 & July 11949-1952— b 2.75 2.00 234s H way deb 1944-45-M&S b 2.40 234s 1946-1951 J&D b 2.50 234s H'way debs 1951-52.A&0 b 2.50 2348 H'way debs 1953-54.A&0 b 2.75 1.75 2.20 2.25 2.20 2.25 „ Albuquerque— 5s Water Works 1962..J&D 120 434s 1940-1950 J&J b 1.00 4 34s 1940-1960 J&J b 1.00 Middle Rio Grande Conser Dist 534s 1940-1973—F&A 67 8ocorro Co 5s 1941 op '21.A&0 96 125 to 3.00 to 3.25 70 100 YORK 6« Jan & Mar 1 6 0.35 1.50 to 2.70 b 2.65 2.35 b 2.65 2.35 b 2.65 M&S J&J J&J M&S to 1.40 b — 2.35 b 2.65 2.35 Bar 4* Canal 1945 J&J b 1.30 Bonus 1941-1949—.A&O b 0.30 to 1.70 4s Canal Term 1942 J&J b 0.60 4s Canal Term Jan 1946.. J&J b 1.50 4s g High Imp Mar 1958.M&S b 2.40 4s g High Imp Sept 1958.M&S b 2.40 4s High imp Mar 1960— M&S b 2.60 4s Canal Imp July 1960--J&J b 2.60 J&J 1.15 4.70s 1940-1965 0.40 to 2.40 to 2.10 2Ms 1940-1953 0.50 to 2.15 0.50 to 1.70 1.90 to 2.30 0.50 to 1.40 2.30 2.30 3.00 to 1.40 to 3.20 to 2.90 to 2.10 0.30 to 2.40 0.50 to 2.75 2.60 to 3.35 0.60 to 3.00 0.75 to 3.25 0.50 to 2.85i -J&D J&D J&J15 J&J .J&D 2.00 to 3.60 % 1.75 to 4.10 1.25 to 1.50 3.50 1.25 3.75 to 3.70 1.00 to 3.60 1.00 to 3.65 1.00 to 3.60 0.50 to 2.60 1.25 to 3.10 3.70s 1941-1951 ..A&O Ref 1.90s 1941-1957. .-F&A 2.10s Feb 1 1941-1968 1.70s 1940-1968 J&D Ontario Co4s 1941-1951-M&N „ 1.10 to 2.90 to 2.25 82 • 3.80 % 3.85 % % to 2.50 % to 2.85 % to 2.75 % to 2.85 % to 1.60 % to to 4.00 to 2.25 % 2.00 to 4" 15 4.05 % % 4 M sser D 1942-1960-M&S Holland Tunnel — 4Ms series E 1941 2.30 2.35 2.35 4s Canal Imp Jan 2.65 2.35 4s 2.65 2.35 4b Palisades 2.65 2.35 0.25 to 1.70 0.30 to 2.35 0.30 to 2.60 Nassau County— J&J to J&J to 3s 1941-1950 .F&A 3.40s July 1 1941-1945-J&J 2 Ms 1946-1956 2Mb 1941-1957 F&A 2.40s May 1 1941-48 M&N. 2.20s 1940-1959 ..M&S b 1.00 New burgh— 4s Wat Impt 1942-1963.J&J 4Mb Wat Impt 1940-41.J&J b . to to to % 3.60 % 3.50 % 3.10 % 2.75 % 3.30 % to 3.40 to 2.90 % % to 3.25 % to 2.90 to 1.60 to 3.30 to 2.00 Par to 2.20 0.60 to 2.50 0.60 to 2.40 0.60 to 2.50 Par to 2.50 0.50 to 2.25 0.50 to 1,25 0.50 to 3.40 0.50 to 2.10 to 2.70 to 3.30 to 2.25 to 2.75 0.70 to 2.25 0.70 to 3.50 96 M 0.75 106M 0.25. to 2.50 F&A 0.70 to 2.50 lMs M&S, 1.20s Jan 15 1941-1950 J&J Rockland Co— 0.70 to 2.20 to 2.75 b 2.65 to 3.25 0.70 J&D b 2.65 to 1.25 to 3.00 to 2.80 % % Highw Imp Mar 1962 M&S b 2.60 to 2.50 to 2.85 to 2.00 4s due Sept 1 1965 to 2.10 0.70 M&N A&O 4s due Jan 1 1966 to 1.75 0.70 0.70 0.70 0.70 1.70s 1940-1947 to 2.25 to 2.60 Rensselaer County— % 4s to 2.80 M&S 4Mb Highway 1940-58.F&A Rochester 5s 1941-1962--F&A 4Mb Pub Imp *40-'58_F&A 4Mb 1941-1959 __M&S to 2.85 3 Ms 1944-1961 3s July 1 1940-1964 to 2.25 to 2.40 4 Ms ser E '42-'60 M&S 107 M Putnam Co 4 Ms '41-'51.A&0 b 0.75 to 2.75 4s 1941-1954 F&A b 0.75 to 2.80 M&S 2.30 to 3.75 to 2.10 95 2Ms 1941-1957 2.30 90 M Fourth series Inland Terminal— 4Ms series D 1941..M&S % J&J b 2.60 88 M 102 M 3s 4s Canal Jan to 3.50 100 M 96 M 2.30 to 2.25 91 M 90 H 91M 90 M 0.75 98 M 95 to 3.00 5s 1941-1943. 94 105 M 100 M Sewerage 1950-55—M&N 2Ma 1910 to 1956 M&S 4Ms 1941-1944 108 105 105 106 M 106 % 106 M Gen & ref 3 Ms Aug 15 1977 Gen & ref 3s Dec 15 1976.._ Gen & ref 3s Dec 15 1976— to 4s 2.30 112 H 108 M Gen & ref 4s May 1, 1975.. Gen & ref 3Ms May 1. 1976 82 to M&N Port Jervis 4Ms 1941-'69.J&J Port of N Y Authority— to 2.85 1.00 0.50 1.40s 1941-1960 2.30 2.30 113M to 3.10 to 3.30 to 2.85 2.30 % 113 92 Oyster Bay Water Distrect—?4s 1940-1950 J&J 6 0.75 Pelham (T) Un Fr Sch Dlst No 1 4.60s 1944-1966. 2.30 Poughkeepsle 4Mb '40-52 J&D 0.70 4a School 1940-1959—M&S 0.70 to 3.00 b 2.60 to 3.70 to 3.40 Ossining 4 Ms 1940-1942.M&S 4Ms Water 1941-1969.A&0 Oswego 5Ms 1941-1946..M&N to 1.35 Imp July 1961._J&J b 2.60 Highw Imp Mar 1961 M&S b 2.60 4s Palisade Park 1961 M&S b 2.60 111M 112M 112M 0.75 Onondaga Co, 4 Ms '40-47A&O Lackawanna 4Mb *40-'54M&N 1.00 Long Beach 5 Ms 1953 75 68 1947 Beach 75 acquisition.. Mamaroneck (Town) AMs 1910-1964.J&J b 1.10 Mamaroneck Un F S D No 1— 5Ms May 11941-1952.M&N 1.25 3.90s 1940-1964. 1.25 J&J Middleport 4.35s '40-'42_J&D 1.50 Mineola (V) 4.40s 1940-68 J&J 1.00 Monroe Co4a 1941-1944.F&A 1.00 3.90s Co Bidg '41-'50_.F&A 1.00 .1 Ms Jan 15 1941-1942.J&J 1.00 Mount Vernon— 4Mb 1941-1943 A&O b 1.25 5Ms 1941 A&O 4Ms School 1962-73—M&N 1940 to 1946 110 M M&N 1.25 2Ms Serial 1941-1946-F&A 1.25 2 Ms assessm't 1940-44. J&D 0.75 Niagara Falls— 5Ms 1941-1948. M&N 0.70 4.15s Sewer 1965-70--M&N 2.70 0.70 4.10% Sewer 1941-1950. J&J 4Mb Wat May 1 '41-48M&N 0.70 3.95 Nov 1 1961-1970-M&N 2.40 3 Ms 1942-1945 M&N 0.75 2s Mar 1 1941-1949 0.60 Niagara Falls S D— 4Mb 1940-1960_ F&A 6 0.70 No Hempstead S D No 7— 4 Ms 1940-1942 J&D 6 0.75 2.40s 1941-1967 M&N b 0.75 North Tarrytown— 4 Ms Water 1940-64. _A&0 0.75 4 Ms 1947-1972 J&J 0.75 Oneida 4s Water '41-'45—J&J 0.70 to 2.30 . 0.50 % 113 110M 110M 3%60 &5 2 Ms 1941-1979 1.20 J&J B 0.25 2.20 Ithaca 4 Ms 1941-54 J&J Jamestown 4s Mar 20 '43 A&O 4s Canal . Plan Plan I 2 Ms 1940-1979.2 Ms July 15 1969 2.80 0.50 Huntington (T) 4s '41-'52_ J&J Islip 4s 1941-1951 M&S 4s 1967 J&J b Highw Imp Mar '67—M&S b Park 1967 M&S b 4s Bidg constr '40-'49 .M&S b 4s Apr 15 1941-1955 A&O 334s Mar 15 '41-'81—M&S 15,6 3s corp stock Feb 1 1979 Transit Unification Issue— to 2.50 0.50 Essex Co 4s 1940-1956—.M&S Free port— 4.20s 1940-1945 M&N b 4.20s sewer 1946-1960.M&N b 4Ms 1941-1951 M&N b 4.40s 1941-1950. M&N b. Garden City 4Ms 1940-52.J&J b Greenburgh (T)— 4s 1940-1951— J&J& Greenburgh U S Sch Dist No 9 4.40a 1940-1965 J&D Gro.ton 6s Wat '41-'50—M&N Harrison (T)— 4Mb 1941-1980 F&A Hempstead (T)4Ms'41-59 A&O Hempstead 4Ms 1940-65 M&S 2.30s 1941-1967 J&J Hempstead Un F S D No 1— 6s 1941-1954 M&S Hornell 4Ms 1940-1947—F&A Hudson Rlv Regulating Dlst— 4Mb 1940-1965. J&J w ©s tfifilcl 15 1940-1960—J&D 434s 1941-1966. A&O West New Yo£k— 434s Oct 1 1940-1968—A&O 5s School 1941-1961—M&N West Orange— A&O b 0.50 M&S b 3.00 4s 1945-1953 M&S 2.90 March 1. 1941-1947.. 1.90s Feb 15 1941-50.-F&A to 3.00 115M 116M to 3.50 3% Corp stock 1980— 4Mb Water 1940-1945.A&O b 0.30 Erie County— 4MB 1941-1959 J&D 0.60 to 2.90 6 1.00 6s June to 2.35 to 2.70 Elmira— Vineland (Boro)— M&S J&J 1.60s 1940-64— J&D Cortland Co 4Ms '40-'51.J&J Delaware Co 4.20s *41-'52A&0 Dutchess Co— 4s 1941-1946 M&S 4s 1947-1954 M&S East Chester— 4Mb 1941-1958 F&A b to 3.50 to 3.25 Union Township Sch Dlst— 434s 1910-1968 J&J 6 1.50 Ventnor City refunding 4-5 >4 » 94 1941-1959 Corning 5Ms 1960Cortland (City)— 3.75 1.50 234 s gen fd & ref '41-68 F&A 1.50 234sl941-1954 M&N 1.50 Union City 434* 1940-'64.J&D 1.50 Union County— 434s Oct 15 1940-1952.—.. 6 0.50 4 34s ltd&Bdge'41-'47.F&A 6 1.00 4s Oct 11942 A&O 2.80s Gen JLmpt B June 1 to 2.70 Sewer Authority— 4s 1941-1964 to 3.75 6s School 1941-1955 0.30 to 2.80 to 2.30 0.40 0.45 to 3.30 1.50 to 3.00 2.20s Jan 15 1941-1947-J&J 2.10s 1941-1949.. J&J 2s 1940-1959. —J&J 2s 1941-60 F&A 1.00 4s Impt 1941-1955.--M&N Tenafly 4 34 s 1911-1963—F&A 3.25 J&J 0.30 3.40s Nov 15 '40-'55—M&N 0.40 3.10s Oct 15 1940 46.A&0 6 0.40 2Ms Ref 1941-1950...J&D 6 0.75 3.40 112M 118M 104 M M&N 4s serial 1940-1963 J&J b 0.75 to 3.65 %" 4s 1940-1954 J&J15 b 0.75 to 3.35 3 Ms Corp stock July 1 '75. 3 Ms Corp stock 1940-1954- 6 0.75 to 3.35 3 Ms g exempt 1941 M&N 3 Ms 1.50 exempt 1942 M&N 3 Ms R T 1948-1950—M&N b 3.00 to 3.10 % 3Msg exempt, 1952 3.20 M&N 3 Ms g exempt 1953 M&N 3.25 3 Ms g exempt 1954 103 101 M&N 3 Ms g Water ex 1954. M&N 101 103 3 Ms exempt 1955 M&N 3.40 3 Ms stock Apr 1,1954. A&O 101" 3 Ms Corp stock Mar 1,1960 99 M 101M 3 Ms Corp stock Jan 15,1976 98 M 100M 3 Ms reg Corporate stock 1950-53 —M&N > 3.10 to 3.25 % 3 Ms Corp stock 95 97 July 1, '753 Ms Aug 1 1940-1978-F&A 1.75 to 3.60 3 Ms serial 1941-1979—F&A 1.25 to 3.60 3s Rap Trans 1947-51.-F&A 2.80 to 3.10 3s corp stock Jan 1 1977 J&J 92 94 3s Serial 1940-1968 J&J 0.75 to 3.35 3sserial 1941-1969 M&N 1.25 to 3.55 3s serial 1940-1973 J&D 0.75 to 3.55 2.25 5s 1941-1950 to 1.75 104 M 104 M May 1959 110 M . 4Ms 1940-1967— 0.50 103 103 to to 3.50 % to 3.40 % M&N to 2.10 b 0.50 1.75 % 114M 0.50 to 1.70 100 1957 114 % 112M 110M 110M 116M 113 M 114M M&N 4s Nov 1955 to 2.20 to to 2.50 112 M 0.60 0.30 to 3.50 J&D 0.40 J&D M&N M&S 0.40 5Ms 1944 to 3.10 4s Buffalo— 75 1957 Net to 3.35 M&N Various 1956 M&N 4s Various May 1957.M&N 4s Nov 1958 M&N to 3.25 to to 2.30 1.00 F&A / Flat price. 0.50 0.40 Binghamton— 4Ms Oct 1 1941-1971—var. 2s Mar 1 1941-1956 0.50 b Brsis. 0.40 to 3.25 0.50 4s 2.60 0.50 to 2.50 434s imp & sch '40-'60-J&D Sussex Co 434 s'40-'44 M&S 1962 2.85 1.00 Summit— 1961 to 1.50 0.50 to Jan 1.00 to 2.10 to 3.40 Imp to 1.45 to 3.10 to 3.50 % 4s Canal to 1.00 1.10 0.30 1.50 Highway 1963 Canal 1964 Canal 1965 Highway 1965 to 1.50 0.25 to 3.50 0.50 1941-1945 6s Jan & Mar 1946-1970 0.25 Unemploym't Relief— to 2.30 0.50 434s 434s 434s 434s 434s 434s to 2.10 0.40 J&D J&D NEW 0.25 4s 1940-1972 M&N Auburn 1.60s 1940-1958.F&A J&J M&S Highway 1941 to 1.60 1.00 M&N b 1.00 M&N b 1.00 M&N b 0.60 _M&N b Ask M&S 1963 May, Nov Bid Dec 1, 1979...—J&D Corp stock 1967.-J&J Corp stk 1971-J&D 15 b 0.75 July 1,1940 to 1955 Jan 1, 1977 J&J 111 108 M 1960 M&S Mar 1, 1962 M&S 108 M Mar 1, 1964 M&S 108 M 4 Ms April 1,1966 109 M A&O 4Ms Apr 15,1972...A&015 110 M 4Mb Rap Tr & Wat '74 J&D 110M 4Ms Feb 15, '41-'66.F&A15 b 1.25 111 4Mb Feb 15,1976—F&A15 4Ms Nov 15,1978-M&N15 111M 4 Ms Mar 1, 1981 111 M M&S 4s Oct 1,1980 _A&O 106M 4s May, 1977 106 _M&N to 2.20 4sl940 to 1944 1941-1962 6s 6 0.25 0.40 434s 1940-1969 434s 1910-1968 NEW to 2.35 0.50 6s Gen ref 334s 1941-9959 to 2.15 J&D Orange— 534s 1941-1950 Weehawken— 0.30 6 0.25 6 1.00 1950-1965 4Ms 4 Ms 4Mb 4Ms 4M8 4Ms 4Ms 4Ms 4Mb 4Ms 4Mb Albany Port District— -A&O 6 1.50 1941 to 2.50 to 2.30 to 2.75 96 6 0.50 Terminal— 434s School 126 0.25 July 6 1940-1962..J&J Sept 10'40-46.M&S 10 3M 1941-1971 2MB 1940-1953 2 Ms 1941-1978 2% 1940-1955. 1.70s 1941-1979 98 to b 3.00 126 126 M&S 6 0.30 4s Munic & Sch '41-'63_ J&J 6 3.00 126 123 Sept 25 '40-'43 M&S Sept 25 '44-'45-.M&S 1 Ms Sept 10 1944-1946. Albany County— 4 Ms 1960 M&S 3 Ms Fund 1941 M&N 2 Ms refunding 1941-'57.J&J Albany (City or)— 4M 1940-1969. M&N 4M 1941-1970— J&D 275 434s 1940-1946 J&J 4Ms 1940-1968 J&D Pater son— 534s 1940-1959— M&N 434s Feb 1 1945 F&A 434s 1940-1967 A&O Perth Amboy— 4358 April 1944— 4Mb Water 1941-64—M&S2 5s Feb 1941-1977 F&A 4 34srefdg 1944 & *46—F&A Plalnfield 4s School 1959 M&N 434s 1940-1962 Various.J&J Rahway— 434s 1940-1953 J&D Red Bank (Borough)— 4348 1940-1953 M&N Ridge wood 434s 1941-62.M&N 434s 1941-1968 M&N Sea Isle City 5s 1942 F&A Somerset County— 434s 1910-1949 J&D 434s 1910-1952 J&J South Jersey Port District— New Rochelle— 5s 1941-1950 4Mb 1941-1965 4 Ms 1941-1963 2Ms 1940-1947 New York City— 4Mb June 1965 to 2.55 to 1.70 To or Bonds Net General State Improvement— 3.75 % 534s Genera) improvement 434 s 1940-1973 Ask 123 1940-1969 M&N 15 lMs 1941-1979A&O Eliminat'n of Grade Crossings 2Ms Dec 8 1940-1987..J&D Unemployment Relief— 2Ms July 6 1940-1947-J&J 2 Ms % 3.50 % Passaic— South Bid N Y STATE (Concluded) F&A 4 Ms Sch & wat '40-'69-J&D 4 Ms 1940-1967 J&D Marine Yield Basis To or Bonds Net 4s Imp Sch &c '41-'47_J&J ..M&S 1941-1948 1941-1950 to 2.50 to 2.90 to 2.20 0.70 to 2.50 M&S b 0.75 to 2 .20 4.158 1940-1952 J&D 6 0.75 Rom« 4.10s 1940-1950—M&N b 0.75 1.80s 1940-1945 M&N b 0.75 to 2.20 4 Ms 1940-1945. Rockville Centre (V)— to 2.75 to 2.50 Rye & Har'son Un Fr S D No 6 4.40s 1940-1953 F&A 6 0.75 to 3.00 Saratoga County— 4Mb 1940-1955 M&S 1} 0.50 4b Sept 1 1945-1954.—M&S b 1.75 to 3.00 to 3.00 and municipal bonds the month preceding the date of Issue state 98 all securities are as near as possible for the closing day of Quotations for Ask Bid 4mb 1940-45.-J&d Schenectady— 4.30s 1940-1948 J&D 4.15s 1941-1960 A&O b 0*50 1940-1944.-A&O 2MB 1940-1955 -A&O J 0.50 6 0.40 Bcarsdale _ „ 4a Oct 15 Kn nn J £^0 b 0.50 1940-1950 M&S b 0.40 1.80s_1940:1950 M&S b 0.40 2.20s IMs 1941-1955-"."F&A b 0^40 1.10s 1941-1949 M&S Schenectady County— 1.00 4Mb 1942-1958 J&J 0.50 5s Dec 15 1940-1948------_ Southampton— 5s 1941-1971 —M&N Suffolk County— 5 Ms M&S 1941-1957 Water 5s 1940-1950—J&J 5 Ms Water 1940-1950—J&J Union Free Sch Dist— M&N 2.80s 1940-1958 _ 3s revenue to 2.20 to 2.00 to 3.40 to 3.75 to 1.75 95 102 M — b 0.75 b 1.00 b 0.75 to 3.40 b 2.60 to 3.20 b 3.00 to b 0.50 Grand 2.25 % 4Mb Jan 1957 J&J Fargo 4s Aug 15 1940-1954—. b 3.25 to to 0.50 to 2.10 *41^51-M&N b 0.60 2.75s 1940-66 A&O b 0.5Q n "n 3.00 % OHIO to 3.00 _% to 2.50 0.50 to 2.00 0.75 to 2.75 .. '3.00 0.75 to 0.50 to 2.25 0.50 to 0.50 5Ms highway 1941-'53.F&A to 3.00 J&J J&J J&J to 3.50 % 4.00'% 3.25 to 3.50l% 0.75 to to to to J&D b 1.00 J&D b 2.75 -J&D b 0.75 to J&J b 0.75 to 4Mb 1941-1959 (reg)..M&8 6 1.00 1941-1954 F&A ' 1.00 to 2.00 to to to White Plains— 3.90s 2Mb Sept 1 1943-49 to 2.00!% 3.25 % 3.10 % 3.15 % 2.75'% 3.40 % 3.10 % 2.75^0 3.50 % 3.40 % 3.00 % Wolcott— 4Mb July 15 1940-1942.J&J b 1.00 to 1.50 Yonkers— 1.00 to 1.50 6Ms Jan 1941-1961..-A&0 1.00 5s 1940-1961 A&O 1.50 4Mb July 1 1941-1962.A&O 1.50 4Mb Mar 1 1941-1956-A&O 1.50 4s 1941-1958 F&A 3.00 3 Ms 1943-61 J&D 1.50 3.3f 3.30s April 1 1941-1956 1.25 3Ms 1941-1955 M&S 1.00 3.10s Oct 1 1940-1964. 1.00 3s 1941-1960 M&S 1.00 2.80s 1941-1959 _M&N 2Mb gen & ref July 1 '43 *46 b 2.50 2Mb 1940-1954 ..A&O b 1.00 to 6s Feb 1 1941-1952----A&0 - - . NORTH to to 3.00 4.00 4.00 4.00 to 4.00 to 4.00 to to 4.00 3.60 3.50 4.00 3.75 3.75 2.75 to 3.25 to to to to to J&J -J&J 2s 1948-1949 I Ms 1942-1943 1Mb 1943-1946 to 2.90 0.75 to 0.75 to 2.90 0.75 to 1.75 1.75 to 1.90 0.75 to 1.90 J&J ..J&J J&J 2Mb 1946-47-48 2Mb 1940-1948 0.75 A&O A&O J&J 4s1941-1968 3 Ms 1941-45 3.00 A&O A&O 4MB 1941-1962 4Mb 1941-1968 1.80 to 1.90 1.00 to 1.20 1.15 to 2.90 2.90 to 99 Ashevllle— 36 M l-4s gen ref July 1 1976 Buncombe County— l-4s gen ref July 1 50 5Mb 1941-1951... j&j 5s Water 1940-1953..-A&O 4Ms 1940-1947... A&O 4Ms 1940-1952 A&O 4Mb 1940-1956 ..A&O to 3.60 .00 to 3.40 50 % % 37 38 M 38M Charlotte— 50 to 3.50 50 to % 3.50 1°50 to 3.25 1941-1950.A&O Ashland 5Ms 1940-1944.A&O to 1.60 A&O 4Mb Dec 5 1940-1942.-J&d 6.0. 4.40s 1956 % % 5Ms Imp Feb '46-'51..F&A b 1 July 11965 4Mb July 1943 4 Ms Sewer 1955 to 1.30 J&j A&O to 2.25 to % 2.35 % to 2.20 to to to % 2.50 % 3.15 % 2.50 % 2.00 % 1 to 3.10 % to 2.90 % 1 to 2.90 to 2.75 to 2.90 to 2.50 to 2.80 to 2.65 to 3.00 1.25 J&J b 1.00 „ x.^ to 3.20 5s Water 1941 to 1945.J&J b 1.25 to 2.25 % % % % % % to 2.80 % M&S to 2.80 % F&A F&A F&A s-a to 2.20 % % to 2.25 to 2.20 J&d 19 6 1.25 to 2.20 Durham County— to 2.75 to 3.00 Greensboro— 1 5b Water 1942 F&A b 2.25 less 4Mb 1941-1963 4Mb_ 1941-1965 J&J b 1.75 F&A b 1.75 to 3.70 to 3.70 to 1.00 0.60 40 38 0.65 to 1.50 to 2.90 !to 2.90 to 1.90 to 2.50 1.40 1.25 0.65 to 3.25 0.60 to 2.65 0.60 to 3.00 0.60 to 2.25 0.60 to 2.00 to 1.75 to 1.00 to 1.00 1M% Ta* antlcipa'n notes— Series "ET" May 311941July 1 1951 Series O—J&J 4Mb 1940. 1944, 1949 J&J 48 Highway Apr.l 1941. 1942, 1945, 1947. 1950, 6 0.50 1952 to 2.00 A&O J&J F&A 1.20 to 3.00 b 2.00 to 2.90 b to 2mb Dec 1 1940-1965-J&D b 1.00 2M Apr 1 1941-1967.-A&O b 1.00 2Mb 1910-1968 J&D b 1.00 2Mb 1941-1961 F&A b 1.00 b 1.00 2Mb May 1 1941-1970 to 1941-1958 — 1.80 96 95 M&S b 1.25 4s M M less to 3 mb Turnpike Revenue— 1947-1968 F&A Allegheny County— 4Mb 1941-1902 4mb July 1940-1958 4s Bridge 1942 less b 2.00 b 0.60 6 0.80 5s to to 1 1.65 2.80 % Par % Par 98 to 97 to 97 % 1 Allen town— 4Mb Sewer 1940-1959-J&D b 1.00 to 2.80 % Altoona— 4Ms Water 1911-1960-M&S b 2.00 Bethlehem School Dist— b 1.00 4s 1940-1945-1950 Braddock 4mb 1941 M&N Cambria Co 4Ms Nov 1 '40-'45 Del River Jt Oomm Bridge Easton-Phllllpsburg 4mb. 1901 F&A &T.70 to 3.50 to to % 2.30 2.80 °50 Phlla-Oamden— % 1 104 110 4mb Sept 1 1967 opt *43Easton (Water Works)— b 1.00 2Mb 1941-1960 M&S 4Mb 1940-1900 F&A b 1.00 Erie S 112 to 2.75 % to 2.90 % D—■ b 1.25 4mb Jan 1 1941-1940 1.50 1.60 1945 Cleveland— 4mb gen imp 1940-43—A&O 1940-1952—.M&S Fayette County— 4Mb Highway 1952 to 2.50 % 3.25 J&D to 2.70 1 Harrlsburg— b 0.80 4s May 15 1941-1953 Jeanette 4M» 194O-1950-M&S b 1.00 1.00 to 2.50 Lackawanna Co 4s 6 0.75 to 2.50 % Lancaster Conty— to 1.25 Lancaster S D 4s May 1945 Lower Merlon Twp 4s 1945 4mb to 2.50 % I to 2.50 to 3.00 1944-F&A 1941-1960 b 1.00 to 3.80 75 .. _ 1.75 to 2.00 to 2.75 to 3.25 1 _ issued prior to that date are tax-exempt, b Basis, z° 2?75 _ -F&A McKeesport Sch Dist— 2.00 5s W W 1940-1946 J&j 4Mb 1941-1943M&N b 1.25 Hamilton County— 1.25 Mercer Co 5Ms '40-'47.-F&A b 1.50 4Mb 1943 F&A Norristown 8 D 4M° 1943 J&I 6 0.75 to 2.00 % 4Mb Sewer Oct 1 1940-'47 — Northampton Bor Munic Auth Lakewood— 2Mb Wat rev 1941-70..M&S 6.1,00 2.00 4Mf Oct 1945 A&O ,00 to 1.50 Philadelphia— 5s Park & Imp '40-'41.A&0 113 5s Jan 1951 -J&J 00 to 2.25 Lima 5M* Sewer 1940-1947.. 5 115M 5s June 1 1902 opt '52.J&D 00 to 2.50 5s Sewer Feb 1 1941-*51 F&A'6 113M 5i June 1 1982 opt '52.J&D 775 Lucas (Jo 4s C H 1944—M&S|_ 1.00 4Mb May 1948 J&J 107 M 4Mb 1940 J&D 2 . 4Mb Nov 1 1948 J&J 108 Mahoning Val Ban Dist— I to 2.50 % 4Mb water 1940-1952,,A&O 6 0.75 since Jan. 1, 1913, are taxable, ail bonds 80 79 1965—J&J % to 2.00 to Durham— to 2.00 _ M&S Mar 10 1941-1946.M&S10 Elyria 4 Ms 1 PENNSYLVANIA % East to 2.90 % % to 2.50 M&S M&S Dayton School Dist— 5 Ms 1941 5s % to 2.60 1944..J&d F&A 4Mb Bdge 1940-1951—M&S 4MB 1941-1901 ...M&S to 3.00 2.60 to 1.75 Ref imp Refunding 3 Mb to 3.40 Dayton— 5Ms W W Imp to 3.15 Ohio municipal bonds issued 2.50 to 3.70 jto 2.25 0, 0. 0. 0. 0 Cuyahoga County— 4MB 1940-1944 A&O 4Mb 1940-1943 A&O 4 Ms Road 1940-1941 —A&O 4s 1940-1941 A&O to 3.25 * 2.75 2.50 1 A&O 1940-1963 4Mb 1941-1953 4Mb 1940-1955 2Mb 1941-1959 Columbus 8 D— 5s 1943-1952 1.25 1 3.00 1940-1947. J&D 2mb Ref imp '41-'45.,M&N to 2.40 j&D 2Mb 1940-19512Mb 1940-1951 b 3.00 1 % 2.75 % — b b b b 5 Cleveland Heights S D—■ 6s 1940-1959 A&O b 0.50 Columbus— b 1.25 less to 2.25 ... 1 4Mb Grad Cros'40-'54-A&0 1 4Ms Fire Dep '41-"55--A&0 1 4Mb 1940-1950 M&S 1 48 Sewage 1940-1958.-M&S 1 3 MB 1940 1949 A&O 1 3 Ms 1940-1950 A&O 3 Ms 1944-1953 M&S b 2, F&A less % 0.50 J&J 3s j&D 5 Ms 1940-1970 5b W W 1940-1968 F&A M&N 1954.-J&J b 3.40 3 to 2.50 6 0.75 1941-1945 % Cleveland— 1960-1977 2Mb 1941-66 ReTg3Mb 1857-1962— J&J b 3.40 0 60 0.50 4mb Dock 1943 M&N 4Mb 1941-1960 M&N 4mb Ref Water '40-'53_J&J 4s Water 1940-1958 J&J 1.25 M&S b 0. 3Mb Sept 1 1940-1962 2Mb Sept 1 1940 to 1956.. 2Mb Sept 1 1940 to 1976.. 2s Sept 1 1940-1963...M&S 1 Ms Wat. wks. '40-*79 M&S Cine Southern Ry— Refund'g 1M8 July 15 '59 to 3.20 4s Water Works to 2.25 0.85 July 15 1940-1945. J&J15 2.70 ....J&j 4s 1940-1956.*. 3s 1 Port of Astoria— 5s to 2.50 4Mb 1940-1951 J&D b 1.00 Forsyth Co 4Mb *40-'58.J&D b 1.00 2.50 t6 3.00 % Portland— % Cincinnati— 1.25 4Mb 1940-1966 to 0.60 '41-'49.F&A _F&A6 0.60 2.70 to 3.15 5s 1954 1.25 b to 2.35 4s Bridge 1945-1955—J&D b 1.75 Multnomah Co 8 D No. 1 — b 0.75 4s 2.70 A&O b 2 M&N M&N to 2.25 0.50 5s Harb Dev 1940-50-M&N M&S M&N 3s 0.50 6 0.60 4Mb Bridge 1940-1944.J&D 4 Ms 1949-1956 F&A b 2.25 Canton— 1940-1948 4M* 1941-1970 4Mb 1941-1979 3 Mb 1941-1959 5 Ms 1.75 . F&A Ref 1-5% 1967 Multnomah Co— to 3.40 Allen Co 5 Ms 5s WW Imp 1976 to 1.50! Astoria— A&O 6s 1940 6s 1941-1957.. CAROLINA 6s July 1961 {See footnote *) Canton School Dist— to 1.00 4Mb Co Bldg 1941-44—a&o 1.90 4>48 44. ;4o. 56 & 6« J&D b 4s Co Bldg 1941-59—M&S b 1.00 4s June 1 1959-1964---J&D b 3.00 to 1.75 0.65 4Ms H'way *41-'49 (s-a).A&O 48 Highway 1940-1942—A&O 6 0.75 4s Highway 1911. A&O 6 0.75 6s Water 1944-1959 0.75 J&D '41-'82-—J&J 4Mb Parkway 1962-86- J&D 1940-1976 Sew 1940-1951 Akron 3 mb May 15 5s Sewer 1953 4 Ms San 3Ms 1940-1951 3Ms 1952-1980 3Ms 1940-1963 2.00 1.50 99 4 Ms Bridge Rev *67-M&S Westchester County— to 2.50 6 0.75 2.25 b 3.25 4s Water Works 1942.A&0 Water town— 4Mb 1940-1953 5sl940-1945 1.50s 1940-1946 Thousand Islands— 6 2.00 6 1.00 b 0.50 1967-1969-A&0 J&D 1941-1950 A&O Co 4Msl941-'50.F&A 1.25 OREGON Forks— Sewage Dis 1941-65-M&N to 2.75 2.25 to 2.20 Rev 2.60s 5 Ms July 1946 5 Mb Wat & Pk 5s 1941-1947 3.00 % 1.90 4s to 6 0.75 Tulsa— 3.00 % 2.25 to to 2.75 6 1.00 4M8 Water Works 1941 J&J S D 4mb 1941-1953 J&J Oklahoma County Highway 4 Ms 1940-'46 A&O Okmulgee 5s Mar 15 1943 3.15 DAKOTA to 0.50 6 0,50 °75 Muskogee— 6 0.75 4Mb Aviation 1941-53..J&J Oklahoma City— 0.50 5s Water 1941-1947..-M&S to 2.25 b 3.50 0.50 to 3.00 2.35 2Mb June 30, 1940-1948.. to 2.50 3.10 0.50 6 0.50 2s June 30, 1949-1954 3.25 3%00 2.50 2.75 % to 2.75 % to 2.75 to due June 30 1940 to 1946 to 3.30 to to 1.75 OKLAHOMA 97 h 1.75 2.20 F&A 6 0.50 M&S 4mb 1940-1959 A&O 4mb 1940-1950 A&O Youngstown— 6s Bdge 1940-1941 A&O 4mb 1940-1957 A&O Youngstown School Dist— 4Mb 1944-1947— M&S 5s 1940-1944. M&S Zanesville S D 5s '40-'43.A&0 to 3.40 to 1 0.50 A&O Funding 1M % to 2 M % 1 b 1.00 0.75 to 2.70 Toledo School Dist— 47 less b 1.25 0.75 1.40s 1940-1969-. 2s % 3.90 % 100 5s Farm L'n 1941-45&'50 J&J b 3.25 5 Mb 1945 & 1948 ser O J&J b 3.50 4Mb July 1951 & 1955...J&J b 3.50 3Mb May 15 5s to % 3.35 % % NORTH to 2.50 • 6 1 45 to 3.00 A&O J&D J&J 4Mb Pub Imp'40-'45-J&J15 4.20s 1941-1949 F&A 4.15s 1941-1950 M&N 4.10s 1941-1946A&O 3.90s 1941-1948 F&A 1.10s Warren m&s 4Mb 1941-1958 m&n 15 4mb 1940-1973 j&j 4s refunding 1948-56.—j&j 3s refunding 1956-68 j&j to 90 Utlca— Revenue less to Sept 1940-1947 6 0.50 M&S 6 0.50 0.50 4mb 1910-1954 .M&S15 6 0.50 4mb 1941-1953 M&S 6 0.50 4mb Nov 1 1940-1953 4s Park July 1 1942 J&J 1 b 3.50 5s to 2.90 H less Winston-Salem— 3.50 to 3.70 to % M&S 5s Sewer 1949 3.25 % to 3.50 b 3.30 /o to 2.60 6s Pub Wharf 1960—M&S to b 2.00 j&j to 1.50 6 1.25 5s W W 1940-1944 — % 1,972 to 2.25 to 1.00 J&J 1940 4M % 0.75 .* 1 to 3.75 100M 101M to 1.25 Toledo— less m&n b 3.40 a&o b 3.10 Wilmington— 5s Ref & Impt 1955...a&o 4mb 1940-1962 a&o 4 Ms Pub Imp 1941-60.j&j 3.00 % 1980--F&A - % to 3.40 f&a f&a to 3.00 % Summit Co— to 3.90 Salisbury 6s 1941 m&n Transylvania County— Refunding 1m% 1940-1942 2% 1943-47, 2m % *48-'52 3% 1953-57 and 4% 1958- to 1953-75---F&A 3Ms s f revenue Troy— 4Ms 1941-1950 4MB 1940-1970 4MB 1940-1965 — m&n b 3.00 1946-1950 to 2.75 b 0.75 99 j&j b 3.90 Rutherford Co 5s '40-*52..j&j 2.25 3.80 2.25 m&s b 2.60 to 2.75 3.25 to . m&n b 2.70 to 3.00 to 1.75 1.00 Trlborough Bridge— 2Ms revenue 1945-52.F&A - % Impt June 1 1944.-j&d b 2.75 4mb 1940-1967 a&o b 1.00 to 2.00 _ 1 to 3.40 3Ms 1951-1956 3s 1955-1970 Randolph County— 4mB 1941-1947 4mB 1948-1959 1.90 less to 3.90 5s to 2 50 2.10% Aug 15 1946-1947 -0.50 IMa 1940-1948 F&A 0.50 1M® 1941-1946 M&S own" Thousand Isl'dse See " Watert Tlconderoga S D No 5— b 0.75 4Mb July 1910-1958 J&J Tonawanda <City of)— 1.00 3Ms sewage 1941-69-—J&J 1.00 4Ms 1941-1942.-----J&J 1.00 4M» Sewer 1940-1953--J&J 1.00 b 2.60 Net A&O 6 0.50 4Mb 1941-1950 Springfield— 4mb 1941-1949 4s 1941-1955 Raleigh— to 3.00 0.50 M&S 97 m&n b 98 to '42.f&a a&o b 2.25 4s to to Martin's Fy 5s 1940-'44.M&S 6 0.75 Miami Conservancy Dist— 5 Ms (1 to 5 yr mat'y)—J&D 6 0.50 5Ms (5 to 10 yr mat'y)_J&D 6 1.25 Newark4Ms 1941 Portsmouth City S D— 3.30 % To Ask Montgomery County— 5s Flood Emerg '40-'42 J&D 6 1.00 3.60 % 3.75 % 5s Fund June 1959 to 2.60 to to to Mecklenburg co— 6s Ref nov 1950 Pitt County— 4mb 1943-1947 to 2.60 0.50 to Lincoln co— to 2.25 0.50 2.50 2.50 5s Bridge 1941-1951...f&a b 1.50 to 2.50 0.75 ... % 3.90 % 4.50 % to 4mb 1941-1950. to 2.75 0.75 1 to 3.75 1.50 1970-1975 Iredell Co 5s Aug 1 to 3.00 0.50 M&S 2s 1941-1956 3 ms to 2.25 to 3.00 4 Ms 1941-1944----M&N b 0.50 4.20s Dec 15 '40-'71 J&D15 b 0.50 4s 1940-1946 -f&A b 0.50 3 Ms 1940-1951 J&Jjf 0.50 3s 1940-1971--.- —-J&J15 0.50 2.20% to 2.25 less 1.00 Bid Bonds Net Ask __m&n b 3.30 m&n b 3.55 4s 1942-1957 3 ms 1958-1969 to 2.40 0.50 „ 1940-1960 to 2.50 0.50 '41-'45-A&0 Syracuse— to 2.75 to 3.75 1940-1962 J&D Sullivan Co 4Mb to 1.75 b 0.75 4Mb 1940-1957 A&o 3 Ms 1940-1951—---F&A 234s High & ref 1941-57 M&S 2.20s June 1 to 3.00 to 3.50 _ .. Greenville 5s w w '58—f&a Guilford County— 4MB 1940-1957 m&n b High Point 4ms 1941-48.j&j b 58 Wat. Serv 1940-1968 j&d b Refunding bonds— 4mb 1942-1951 m&n b to 2.25 1.00 4Ms'40-'53.M&N Somers (T) to 2.25 Bid Bonds Net or To or To or Bonds Yield Basis Yield Basis Yield Basis f Flat price. 110M 8 °A5 I % Quotations for all possible for the closing day of the month preceding the date of issue securities are as near as 106M 107M 102M J&J J&J J&J 104 M 106 M 109 % 106 M 110M 112 M 1972 J&J 102 M "I04M 1986 opt 1956— 101 1941-45 J&J 6100M tol02M 2Mb Jan 1 1946-1960.-J&J b 98 M to 96 Philadelphia School Dist— 4 Ms 1940-1943 J&J b 1.10 to 2.60 4Ms 1941-1959 M&N b 2.10 to 3.10 4Mb Apr 15 1941-58.A&015 b 2.10 to 3.15 4a 194(5-1942 J&J b 1.10 to 2.35 4s 1940-1956 J&D b 1.10 to 2.85 % Operating Revenue— 1 Ms Apr & Oct 1940-1941 100 4a July 26 3 Ms July 1 3 Ms Jan 1 Pittsburgh— 4Mb 1940-1950 J&D 2Mb Sch Dist 1940-62.A&O 2 Ms July 1 1940-1956-J&J 2Mb Feb 1 1941-1958-F&A Public Works Relief— -. ^ b b b b 0.75 0.75 0.75 1.25 Corson 1950-59--F&A Ref 4Mb Sept b 1.75 1.75 b 1.50 to 3.00 b 2.70 to 3.00 88 98 — J&D 5Mb Dec 1 1940— b 0.50 2.60 2.60 1956. to 3.25 Scranton 4 Ms J&J b 1,50 1940-1941-F&A b 1.25 F&A b 1.50 5s 1940-1950 % to 1.75 % to 3.00 % Scranton School District—• 4 -J&J b 1.50 Ms 1941-1956 3% opt rev 1941-48.-M&N Wllkea-Earre— b 2.75 to 3.25 % to 3.00 % 1941-1945—J&J b 1.50 1940-1943- —-F&A b 0.90 4M» Impt to 2.30 to 1.45 2.25 2.10 2.00 2.20 1.80 2.30 1.90 2.50 2.20 3.00 2.75 0.75 J&D to 3.00 1.00 to 3.15 2.40 2.00 2.10 1.75 4Mb Apr 10 '4k56-a&o10 Houston— 4Mb Sept 1940-1952—m&n 4mb 1941-1957 j&j 4Mb Impt 1940-55(b-a)-j&j 4Mb 1942-1947 2ms 1941-1955 j&j 1Mb 1941-1955--j&j Houston s d 5s Feb 1952 4Mb 1940-1951-.j&d Palestine 5s Sch Aug 1 1944, 1949,1954, 1959, 1964 2.50 2.75 90 96 92 98 1.25 to 3.50 3.50 3.30 4.20 4.00 4.20 4.00 4.30 4.10 2.73 2.50 5t> 1941-1970 1.00 2Mb 1941-1968 J&J 2Mb July 1 1969.. J&J 4Mb School 1956——A&O 4Mb Memorial Aud '52M&N os Hospital 1954 —M&S % % 1942-1943-—M&8 :% Jul 1M% June 1 1940-1943.-J&D 3% Public Wks 1951-56-M&S 4s Charit Inst 1965 M&S 4s June 1 1977 J&D 1% Relief b 0.75 4Mb Highway 1947 J&J 5% Co Memorial '40-'50J&J Dyer Co ref 3 M-4 Ms 1965- - - ' b 0. ".50 to 1.00 .75 to 2.00 b 2 .60 b 2 .75 2.6$ - „ b 1 Fayette County— 4Mb Road 1958 2.40 to 2.75 5Ms w w 1942-1971--- - b 1 .50 ...-J&J b 1 .35 4Kb Mar 15 '41-73-M&S15 b 1 .50 to 3.00 4Mb. 1941-1966 to 2.90 Hamilton A&O b 1 ,50 to 1.60 b 1 ,00 to 2.75 1941-1942..M&N b 1 ,00 to 1.25 4a May 15 1948 M&N b 2 35 3H>g High sch 1954 J&D b 2 50 2Ms Waterwks '41-71 M&S b 0 50 2.10 4s 1941-1942 5s 4 to 3.00 -J&J & 3 J&D b 3 M&N b 3 4Mb 1950 4Mb Sewer 1952 ' 1945.......—J&J 4 (Oct 1 1954 A&O 4s May 2 1957 M&N2 4s Water 1962 -J&D 4s Oct 1 1964-. A&O 4s 1940-1950-.-J&D 3s 1944-1951 J&D 2 Ms 1951-1959 F&A 2 M8 1941-1957 F&A 2s May I 1941-1958— 25 3.00 to 2.90 50 1.25 2.70 2, 80 2.85 2 95 b 3 10 2.90 b 3 10 2.90 b 1 00 to 2.60 b 25 4Mb b 1 00 to 2.85 to 3.00 4s Refunding Refunding Refunding Refunding 1941-1959.-A&O b 2.00 -A&O b 2.75 to 1.75 3.35 to 3.40 2.50 b 1.00 to 2.85 J&D b 1.00 to 2.75 J&D b 1.00 to 2.50 J&J b 1.00 to 2.60 b 2.00 b 1.00 to b 0.60 to 1.60 b 1.00 to 2.30 Co— 4Mb Highway 1941-43.F&A b 1.00 Charlecton 4Mb Jan 1942-J&J 3 Mb Wat Works '41-'78A&0 5 Too" Columbia 5s Ref 1941--M&S J&J b'2.2'5 4Mb Water 1945 Greenville 5s St 1942 J&J b 2.25 3 M» water ref 1941-70 M&N b 1.00 2.70 to 2.40 % % % % % % % to 2.20 % 1.50 ('o to 3.25 % 1.00 2" 00 % 2.10 % to 3.10 % to .275 to % 2.20 % 3.50 % M&N 1940-1958...J&D 51.00 2Mb sewer 1949-1958.J&D 5 2.20 3b sewer 104 105 108 109 3.25 3.80 3.60 1.75 to 3.50 3.25 1.00 to 3.00 1941-1946.F&A J&J 3.20 to 3.00 % to 3.00 % to Spartanburg County— 4Mb 1941-1947 Sumter 3.00 J&J 4Mb 1941-1950 to 3.20 % 2.25 % to 2.60 % to 2.80 % M&S b Baals. to 2.25 to 2.00 to 2.10 % % b 0.75 to 3.75 % to 3 to 85 % 3.25 to 3.25 t 1.25 to 3.25 to 3.25 to 2 I 70 % 1.50 % to 3.40 % to 3 30 M M M M I Optional 19 and 1.00 0.70 to 2.10 0.70 to Jan. 92 to 2.10 0.70 1.00 0.70 1.00 to 1.90 2.20 to 2.80 2.00 to 2.30 1.20 0.90 to 1.75 VERMONT 1.00 1.00 to 3.00 to 2.00 4s Refunding 1942-1951 J&J b 0.75 Burlington— 4Mb City Hall 1940-55-J&D b 1.00 Rutland (School Debt)— 4s 1941-1948 F&A b 1.00 to 1.85 % % to 1.75 % Brattleboro— to 2.50 1.25 to 2.60 J&D 2.50 to b 3.70 3.50 1.00 to 1.25 J&D 1942-1949 1950-1969 1.00 to 3.00 to 3.40 1.00 to 3.40 1.00 to 1.25 to 2.80 94 3.00 4s Courthouse 1957 A&O 5s Aud Mkt H'se 1949-M&8 3.20 3.00 3.00 2.75 4M% Jail 1941-1951--M&S 1.00 to 2.80 less % 1 less 1 1 1 less 1 less 1 2.20 less 1 2.30 less 1 2.00 less , 1 J&D 2.70 less 1 4a Pub Impt 1941-1959-J&J b 2.20 less 1 F&A b 2.60 less 1 1941-1950—J&J 4 Ms June 1 1957 Lynchburg— 3.75 b 1.00 to b 1.50 to 4.00 b 4.00 3.75 b 4.00 3.75 „ Newport News— 4Mb 1941-1958 Norfolk— 4Mb 1940-1972 5% Water May 1952 5% Port Terminal May *52_ Petersburg 4Mb 1952—A&O 3.00 less 1 2.80 less 1 2.70 less 1 3.20 less 1 Portsmouth— Austin— 5s 1940-1942 101M b 1.00 3.40 less 1 4 Ms 1940-1954 103 to 3.30 % » J&J b 0.50 to b 0.50 to .—J&J J&J b 0.50 J&J b 2.50 4MB 1940-1953 4Mb 1954-1958 Beaumont— to to 0.75 % 3.00 % 2.50 % 2 80 % 3.10 1954--M&S A&O b 1.25 - J&J J&D A&O A&O to 3.40 % 1956-1966 _ J&J 3.10 less 1 5s Water 1948 J&D 3.10 less 1 J&J J&J J&J J&J J&J 2.40 F&A Richmond— 4Mb 1958 4Mb July 1 1964 4Mb July 1 1941— 4Mb July 1 1965 2Mb 1940-1953 1Mb Jan 1 1941-1960 — less 1 2.50 less 1 0.50 less 2.50 less M i 1.60 less 1 1.60 less 1 Roanoke— less b 1.00 10 3.40 % 2M» Water 1941-1968-A&0 2.50 100 100 less to 3".15 2Mb Jan 1 1941-1958.-J&J 4Mb 1940-1956 2.10 0 2.20 less 6 3.10 to 3.60 Staunton 5s 1940-1958—M&S Tazewell Co 5s 1941-40—J&J 2.30 less 1.75 less b 3.25 to 3.75 % Washington County— J&J b 2.40 less Brazoria Co— 5 Ms Impt Apr 10 1 less School 5s Smith County— Fdg 1941-1958—J&J Tipton County— 4Mb Road July 2 '40-*58J&J Washington County— 5% Bug Jan 1 1954—-J&J White County— 5M% Highway 1955-M&S 1 less less less 4Mb July 1 1940-1950--J&J Fairfax Co 4Mb 1945—F&A2 Henrico County— 2.75 Shelby County— less 5Ms School 1941-1953—J&J b 3.00 Charlottesville— 5s 1962 opt 1942 1.50 M&S 5s Water Impt 1958—-J&J 3.10 Danville— to 2.00 90 to 2.35 Bristol— 2.75 2.10 2.25 1962 1.90 2Mb Refunding 1947-'60—J&J 1.00 1Mb Refunding 1940-'46—J&J 2.40 Albemarle Co 5s 1948 J&J Alexandria— 3b 1940-1973—J15 & D 15 b 2.40 Arlington County— 5Ms 1941-1954 F&A b 2.40 to 2.70 1.00 2.00,% VIRGINIA 4s (Commonwealth) to 3.10 1.00 to % 3.00 % 1.01 4Mb Hospital *41-'56—J&J 4Mb 1940-1968 M&N 4Mb 1940-1967 J&J 4Mb 1941-1948 M&S Electric Power Revenue— 3 Ms 1942-1945 J&D 2MB 1946-1959 J&D Polk Co 5s 1940-1946 J&D Robertson County— 4Mb Road 1948F&A b less less pages 3.10 4Mb 1940-1970 4s 1942 opt 1922 3 Mb 1941-1952 4s 1953-1977—.. less 2.50 % to 2.60 b 1.75 to 3.00 to 2.70 % J&J15 / Flat price. to to 2.65 2.00 % to 2.30 % 3.30 5s Water Works 5s 1941 1965. 1942..J&J 1943 4Ms Rural Credit b 1.00 b 0.20 b 0.20 3 Ms TEXAS SOUTH DAKOTA 6s 8ept 1941 5Ms Jan 15 b 0.50 b 0.50 b 1.25 3.75 % 1940-1948-J&D b Par 4Mb Oct 1 1940-1949—A&O b 0.50 2.80 4MB 1941-1961 J&J to 2.40 % to 3.25 Abilene 5s Feb 15 1959-1965-Amarillo4Ms ^l-'SS.M&S 15 County— 5s 1941-1952 York County— b 0.50 1.00 to 2.80 1.00 2.60 % . M&S STATES—See 5Ms 1951 M&S Spartanburg— 4Mb Water 1941-1965-J&J 5a Nov 1 1943 to % % 3.00 1.00 1.00 % 5 1.00 b 1.25 1.50 to 2.65 2.30 Marlon Co— 4Mb 1941 to 2.60 m&s b 0.75 5Ms April 1 1941 J&J lMs refunding 1940-1955 Ogden 4M% 1940-1945—F&A Salt Lake City— 5s Refunding 1941 J&J 4s Ref 1941-1945A&O 4s Ref 1946-1965 A&O Salt Lake City S D— 4s May 1 1949 M&N 2Ms Refunding 1958--M&N Salt Lake Co 4Mb Apr 1 1942 103 104 Kermhaw Co— 5s Highway b 0.75 b 0.75 % % 104 103 3.50 5 Mb Greenville County— 4MB 1967 103 102 4Mb— 4M» 6s 1950.— 6s 1941-1942 A&O 5s March 1941-1960- --M&S 58 Memorial Sq '41-50.M&S Anderson 4Mb 1940-1955 J&J b 1.00 4MB Hlghw 1941-1945-F&A b 1.00 Greater Greenville Sewer Dist 1.25 3_. 2 5 UTAH Nashville— to 3.00 b 1.00 1940-1953 2Mb 1945-1954 ,.-A&O 1Mb 1941-1950_-_...-F&A 1Mb 1942-1948 __M&N ▲lken Co 4Mb 1941-1945.F&A 1 to 3.40 % to 3.25 % to f&a b 0.75 Sept 1910-1959 103 M 104 Gas Plant— to 3.50 3 Mb 1940-1949 3s 1940-1952 4Mb to 3.20 to 3.25 3 Ms 1940-1944 J&D & 1.00 2.10s 1945-1954-.--J&D b 2.10 Electric Plant— 3.60 to 102M 103 Montgomery Co 6s Cumber land River Bdge 1953.F&A J&J 1 2.90 b 0.75 1941-1965-m&n b 0.75 UNITED 103 M 5s River Term '41-'48_A&0 CAROLINA 1940-1959 3.25 3 25 % 102 M 3.50 2.10s 4s Institu'l to 4% to4M % due 1969 J&J J&J 3 Ms 3 Ms Refunding 1940-1955._ State Highway Certificates of Indebtedness— to 2.80 Wichita Falls— 96 4Mb Water 1940-1962—J&J 4Mb Water 1949 J&J 4Mb Park 1959 A&O 4Mb 1940-1955 J&D 4s 1940-1954 M&S to 3.60 Funding 1947 SOUTH i 3.00 Wichita County— Madison County— 1.75 J&D b 2.00 1.50 2.00 1.50 1.50 to 2.40 b 0.75 5s Water Works 1942--j&j 4Mb Water 1940-1968--j&j b 1.00 2.75 1 19581 19581958 1958—- Memphis 5s July 1954 1.75 % to 2.25 Waco— to 3.00 4M% Highway '40-'49 J&D to 2.85 M&N b 1940-1967 J&D b Funding 1944 M&N b 1940-1967 J&D A June 1940-1957—J&D b to 2.75 to 2.25 ------ 4Mb ref Apr 1 1953-1964— b 3.10 3 Ms 1941-1954 3 Ms 1955-1958 to 2.95 b 1 25 1941-1961 5s Funded b 3.00 .J&J b 1.00 4s Funding 1952-1962.A&O Electric System Revenue— to 2.60 b 2 60 J&J b 1.50 4M4funding 1941 4MB 1957-a&o 1941-1948 4Mb Jan 1 4Mb Jan X 5s Jan 1 J 6s Jan 1 General Obligation General Obligation General Obligation Funding 5Ms Sept Water 4 Ms t 3.10 1 Ref to 2.80 Knoxville— 3.00 Woonsocket— 4Mb 4Mb 3.75 93 5M> Impt 1940-1946—J&D County— 4 Mb Bridge May 1 '51 M&N b 3.50 School Loan— 3s 1946-1965 6s Fund to 4.00 b 4.00 Knox to 2 .75 25 35 1 4 f Jan 1 WPA b 1.50 County dge 1944 h r9fun<^ing b 0.75 b 1.00 5s St Impt Dist No 2 1943. 4Mb 1941-1967 j&j b 0.50 4Mb 1940-1968 f&a b 0.50 3s July 1 1940-1951 j&j b 0.75 4.30 b 4.50 Johnson City— 2.25 1 00 J&D 1940-1959 4M« $ 4Mb Pawtucket— 4Mb School 1954 Providence— J&J Jackson— Newport— 6M» June 1 1940-1953 4Mb Ma> 5s ./ 1940-1958 2 Ms Nov 15 to 2.75 San Antonio— 85 82 Gibson County— Cranston— 3.75 % to 2.60 Port Arthur— Davidson County— to 1.00 a&o b 3.10 j&d b 0.75 5s 1941-1959— 4Mb 1941-1971 -f&a 4Mb 1941-1964 f&a 4s Refunding 1941 j&j Ind Sch d 4s '41-'64—f&a 3 Ms Nov 11940-1967-m&n Galveston— 5b Grade Raising 1944-a&0 5s School 1941-1954---m&s 5s 1941-1956 a&o Grimes County— 5ms Road 1941-'54-a&010 Harris co— 2.20 Chattanooga— Electric Power Revenue— island RHODE Fort Worth— 5s 1951 M 2.30 4Mb 1940-1967 4Mb bridge 1944-1945 6s July 1 1943 — 6s April 15 1946-1947 Carter County— 5s funding Jan 1 1959. .J&J 5M» road _ York 4Mb 1950—a&o b 3.25 1948—f&a b 3.25 4Mb 1941-1960 a&o b 1.00 2.40 J&D to % 5s w w purch 5s Impt Aug 1 100 less 1941-1960 ei Paso— TENNESSEE Schuylkill County-— 4Kb 1940-1955. 97 85 _ 4s 1940-1955 to 2.60 m&n 6 0.75 4ms 1941-1970 m&n b 0.75 4ms 1941-1945 m&n b 0.75 4s School 1941-1951—j&j b 1.80 2ms 1941-1957 j&j b 0.50 2Ms voted 1941-1958—f&a b 0.50 Dallas Co 4Mb Apr 10 1951— b 2.25 5s 100 98 Stanley Co refunding 4Mb Sioux Falls S D— to J&D 3s 1944-1964 1 94 75 1 1954 opt F&A & 2.00 2tfs 1940-1963 J&D 6 0.75 Reading 5a Impt 1943-49-J&J b 2.00 1953 School District— Net m&n 6 0.60% to99M Ms 1942-1955 Coruus Christ! 5b fd '67-f&a b 4.00 Dallas— to 2.10 b 2.75 3s Sept 1 3 Ms Sept 95 2 to 2.75 less Perkins Co refunding 3-4s 1946— 1 1944 2.85 3 Ms Sept 1 1945 3 Ms 1948 3.908 Sept 1 1956-1958 3.00 % to Ask River Conservation & Reclamation District— to 2.80 b 2.20 1942-1958 — 2Mb 1947-1948 95 To or Bid Bonds Net County— 4-4 Ms Jackson Co— 2 Ms Dec 1 to 2.90 to thereafter b 2s Dec 1 1956 to 2.65 _ 4H% Ask Brazos 1 1943-'50..M&N Ref 4s Aug 1 '43-'49 F&A 3 Ms 1943 to 1946 F&A 3s Feb 1 1947 F&A 3s Refdg 195CL1959—F&A Refunding series AA— 4Ms to Aug 1 1941, 3% Due May 107 M J&J 4a Nov 1 1966 Bid 4Mb Rural Credit— Philadelphia (Concluded)— 4Mb 1976 opt 1946 4Mb Dec 171978 J&J 4a Feb 16 1955 Bonds Net Ask To or To or 4s July 1942 4s Jan 1 1946 Yield Basis Yield Basis Yield Basis Bid Bonds 99 AND MUNICIPAL BONDS STATE JUNE, 1940] 1. 1943 at 104; 1948 at 103; 1953 at 102 and 5b school 1941-1949 1958 at 100. 1 % STATE AND 100 Quotations for all securities are as near as MUNICIPAL BONDS possible for the closing day of the month preceding the date or Issue To or Ask b 0,50 6 0.50 to 0.75 5 0.75 5 1.00 to 1.50 5 0.75 to 2.60 5 0.75 to 5 0.75 to 1.75 100 5 4".b0" Everett— - 5 1,00 5 2.60 4 Ms 2.60 General obligations— 4Mb 1941-1955 4 Ms 1941-1957 to b 1.25 to 2.50 6 1.00 to 2.50 b 1.25 J&J 6 0.50 to 1.40 6 0.75 to 2.40 6 1.25 to 2.10 6 1.75 to 2.25 5 1.25 5 1.00 to 2.00 to 2.00 4 Ms 4 Ms 5 2.25 to 3.90 4s 1941-1950 5 1.00 to 3.90 4s July 1948-1952 3 Ms 1951 and 1952 5 2.30 2.15 5 1.20 to 1940-1946 1945-1954 1940-1943 1941-1947 A&O 6 0.50 6s W W 1940 1960—M&N 6 0.50 to 2.25 to J&J —.J&J 1943-1952 5 1.25 to 3.70 A&O A&O 5 3.00 5 1.50 to 3.70 Called Apr. 1, 1941, at par to to 2.00 1 Ms Road 1950-1951 lMs Road 1944-1964 2°15 Payment can be made Surplus 31, to to 97 to 1.60 1 % to 2.25 % 2.20 any time. Reserve %" 10 Agricultural (Watet'n) 25 Allemannia Fire (Pgh) Amer Alliance (N Y)_ Amer Oas (Read'g.Pa) 10 10 5 5 Amer Equitable (N Y) 5 Amer Fid & Casualty. Amer Fire (Wash'ton) 100 10 Amer Home Fire(N Y) (Newark) 2M Y)_ 10 Y)_ 10 Amer States (Ind'nap) Amer Surety (N Y)__ 25 Automobile Ins 1 Hartf) 10 Bankers & Shipp Boston (Boston) 10 (Bit) 2M Baltimore Amer Bankers Natl Life--.- (NY) 10 25 100 Buffalo Ins Co (Buff) 100 Calif-West States Life 5 Camden Fire (Camden) 5 Carolina 5s _ Cobimilan" Nat'l — - 17,820,380 3,000.000 17.202,657 19,768,389 7,500,000 18,089,892 15.000.000 21.855,402 $582926,448 5,757,113 3,000.000 5,007,051 1,521,263 1,200.000 2,425,092 1,909,764 3,000,000 3,513,926 563,730 563,730 1,591,302 1,000,000 2,920,034 4,932,801 985,989 157,500 213,183 390.363 200,000 75,451 1,086,606 1,000,000 1,145,116 3,343,740 11,354,498 12,464,818 2,000,000 4,925,023 1,424,965 1,000,000 1,282,815 2,643,210 350,000 350,000 892,276 7,500,000 5,837,363 6,192,656 5.000,000 8,617,287 9,618,591 1,500,000 2,330.902 2.079,984 250,000 673,500 $ 5,143,342 1,000,000 2,170,527 3.576,034 3.000,000 14,650,936 4,615,817 1,000,000 2,339,491 2,459,378 875,000 770,000 $47,612,851 2.000,000 4,121,087 5,807,891 30 42 32: 521 88 540 355 13 15; 1.057,804 23 500.000 400,000 1,500,000 5 150,000 770.728 532,498 $16,036,236 1,573,861 17,274 900,000 el,681,064 Conn Gen Life (Hartf) 98 40: 25 64 20 17: 615 9- 103 2.000,000 10 1,500,000 3.000,000 10 (Wilmington, Del). 10 Continental Assurance Continental Casualty 10 5 Ind)._ Continental Ins (N Y) 2 Eagle Fire (Newark). 2 10 Employers Re-ins(KC) (Hammond, Excess Ins (N Y) Federal Ins (Jer City 5 5 10 20 Fidelity & Dep (Bait Fldelity-Phenix (NY. 2M Fidel & Guar (Bait)._ 10 Fire Assoc of Phila 10 Fireman's (Wash'ton) Firemans Fund (S F). 20 Fire mens Ins (Newark) Franklin Fire (Phila). 5 5 General Reinsurance. 5 25 Georgia Home 10 Gibraltar Fire & Mar Glens Falls Insurance 10 (Glens Falls, N Y). Globe & Republic Globe & Rut gers Fire. 2d preferred Gr Amer Indemnity (New York) Great Amer Ins (N Y) Halifax (Halifax, NS). Hanover Fire (N Y)_ Hartford Fire (Hartf) 5 (Hartford) (New York) 5 15 15 1 2.165,995 a3,456 1,000,000 Jefferson Stand Life., 19M 7M 20 2,000,000 1,000.000 100 5 1,000.000 1,000.000 5 210,000 10 (Phila) 1 Maryland Casualty._ Mass Bonding & Ins 12M (Boston) 23 1,000.000 2,544,798 2.000.000 5 4 lersey Ins Co of N Y. Kansas City Life (Kan¬ sas City, Mo) Knickerbocker (N 16 M Manufacturers Y) Lincoln Fire (NY) 10M 35i 15 to 1.30 0.25 1.00 1.00 to 1.60 1.00 to 2.25 2.00 to 3.50 3.00 1.50 to to .—J&J * 1.00 6 0.25 to 1.50 % Unearned Premium 1939 Reserve Bid Per Ask share 10 21,620,936 2,320,883 1,031,277 3.000.000 $73,418,070 1.215,138 1.979,097 57 M "~30~~ 28M 58 35" T 32 M 6,205.984 $103,115,640 2,148,977 1,224,424 100,222 201,290 360 400 7 8 2,326.675 1,484,447 30 4,424,256 11,539,889 1H 2% 4,058,267 5,331,877 51M 54M 2,500,000 9.016.344 4.131.181 37 41 1,000,000 1,009,695 1,691,246 750,000 1.000,000 1,117,201 15,102,208 5,591,541 95,914 5M 22 M 1M 2M Cas'ty 34 Merchants Fire Assur (New York) Merchants com & Mfrs of New York National Cas (Detroit) National Fire (Hartf). Nat'l Liberty (NY).. Nat'l Union 10 10 2 (Wash)_- 10 Nat Union Fire (Pitts) New Amsterdam Cas 20 Brunswick 5,000,000 22.414.530 8.784,716 4,000,000 235,471 200,000 5.609,852 1,100.000 7,339.788 46 6 12M 115 6M 8* 7 16 125 2 (Baltimore) 1,000.000 5.000,000 6.244,634 12 M 13 M 10 1.000,000 2,121.228 1,580,311 27 M 29 10 3,000,000 8,229,214 1,000,000 2.156,234 927.484 1,500,000 2,000,000 14,060,178 1,526,085 600,000 5,453,997 1,000,000 4.6S6.941 2.466.401 2,245,657 6,070,084 2,121,895 38 43 Fire (New Brnns. N J).. Hampshire Fire (Manchester, N H) 1J New York Fire N'eastern (Hartford) 18 7 5 . North River Ins (N Y) N orth Star R einsur. 18,657,475 3,529.077 $41,796,596 383,858 $18,022,948 8,180,687 $219464,625 637,530 1.000,000 _ _ 5 2M 5 Ins CoCNY) 12M North westernNatlonal 68 (Milwaukee) 10M 23 M 6,822,050 5,000,000 66,076,028 815,000 373,178 1,500,000 2,500,000 250,000 228,044 755,095 834,962 4,000,000 12,866,770 2.400,000 9,130,299 3,750,000 51,504,983 1,000,000 1,934,396 2.000,000 10,214,569 300,000 397,403 7,500,000 16.356,502 9,397,690 8,029,384 3,000,000 8.828,675 1,000,000 6,000,000 500,000 1.007,254 1,000,000 1,187,443 2,500,000 7,324,229 1,000,000 1,453,186 1,200,000 [7,789,632 1887,835 1,000,000 5,352,343 8,150,000 25.681.304 9,784,360 19,678,872 897,459 3,252,880 300,163 400,197 2,824,060 6,352,355 15,451,216 3,997.692 9,527,819 254,365 12,757.108 13,967,492 7.272,844 2,164,733 991,253 1,326,705 4,000,000 5,515,886 10 12,000,000 56,776,267 3,000,000 8,475,475 5 15,000.000 50,371,518 Homestead Fire (Bait) 10 10 1,000,000 4.932,000 1,000,000 3,200,302 287,636 754,694 8,097,451 48,121,615 2,634,445 10 10 (Phila) Phila Nat Ins (Phila). Phoenix Ins (Hartf).. 1M 45 Accident (New York) Protective Indemnity 99 Providence 6 8M 29M 27 80 6M Rochester 24 M" 34 M 36M 8 14 10M 23K 21M 71M 54 16 10 2 14 3 20 21M 10 15 81M 115 20 10 M 103 30 93 M 120 23 11M 113 31M 13 8M 1M 14M 71M ~~9M 11M 13M 27 M 2M 15M 73 M 5 10 56 M 27 M 35M 2M 17 M 1,000,000 1,000.000 2,950.945 808,755 2,199,510 3,000.000 1,530,000 6,414,876 1,928,266 3,184,552 1,433,308 4.596,157 297,899 981,131 2,738,240 1,263,895 1,579,093 25 M 1,000,000 2,000,000 827,848 9,609,365 756,344 971,581 24 26 195 208 218,269 - 1,000,000 892,537 4,998,898 2,032.497 5M 7 18 20 23 M 24 M 21 19M 2M 4 American (Rochester) 23 M 18 25M 10 Washing¬ ton (Providence).. 10 Reinsur anceOorp(NY) 2 Reliance Ins (Phila).. 10 Republic (Dallas) 10 Revere (Paul) Fire 10 Rhode Island (Prov). 2M "51M 33 5 1,500,000 1,000.000 630,000 700,000 1,000,000 6,000,000 4,959,557 5,460,234 5,415,507 957,537 2,411,725 735,709 $19,038,646 3,699,317 3,023,180 2,832,531 2,500,000 2,119,524 $35,421,052 281,435 493,974 207,183 $12,613,671 575,240 1,304,124 8,725,846 39,661,976 12M Preferred 39 M 1M 1,188,742 10 Phila Life 33.867,780 10 1,000,000 1.000,000 Pan-Amer Life (N O). Peerless Casualty.... 62 10 1,000,000 10 28 2,853,978 3,011,073 1,757,193 10 25 30 6,933,791 2,000,000 5 2,000,000 Occidental Ins (S F)__ 2,642,443 $27,864,308 2,000,000 25 Old Line Life (Milw). Pacific Fire (N Y).._ Pacific Indemnity 1,421.828 $21,700,845 10 10 1,000,000 2,071,824 St Paul F & M (St P)_ 62 M 10,000.000 21,070.534 Seaboard F & M (NY) 845,307 10 1,000.000 Seaboard 1,000,000 10 1,000.000 SuretyJNY) Security Ins (N Hav). 10 2,000.000 4,000,000 Springfield Fire & Mar (Springfield. Mass) 25 5,000,000 14,919,181 Standard Accident... 10 1,380,640 2,675,687 Stand Fire 1,315,960 300,000 (Trenton). 12 M Stuyvesant Fire (N Y) 1,241,513 5 500,000 10 4.078.182 6 8 29 31 27 30 12.376,770 97 M 103 6,375,650 1,257.482 52,856 :69,574,151 [15,381,874 14,016.221 28 M 55 2M 31M- "3M 210 260 396 7 406 Sun Life Ass'nce_(Cas) 100 Travelers Fire (Hartf) 100 U 8 Casualty conv pref 2 U S Fidelity & Guar¬ 2,000,000 18,118,208 6,233,177 2,000.000 2,000.000 6,233,177 anty (Baltimore)... D S Fire (New York). U S Guarantee Co 10,217.865 2,000.000 20,008,203 10.217,865 2,000.000 $2 2008203 3,003,557 2,000,000 6,477.319 875,185 1,263.531 400,000 243.415 $24,100,281 375,000 16M 39M 14 16 9 5,748,869 $7,779,760 26M 28M 16 17 2 4 10 Unlver Ins 8 (N J) West Coast Life (8F) 5 Westchester Fire (NY) 2M Wisconsin Nat Lire 10 1,000,000 400.000 9,315,816 574,790 No par value, t Consists of $312,000 $4 cum. 1st pref., $500,835 $5 2nd pref. and $75,000 $5 junior pref. stock. legal reserve or life Insurance reserves, a Statutory insurance reserve, e Includes capital, x Not an insurance company. 0.25 10 12,000.000 65,269,141 (Philadelphia) 26 M 68 M 110 5] 9: 4,041,236 13,146,880 1,255,309 5,256,395 Home F & M (S F)— Home Fire Security.. » Capital Insur Co (State of Pa) 100 Hartford Steam Boiler Heme to 1.75 date of issue. 42 M Continental Amer Life Excelsior. 0.50 $ Northern 100 _ 1 to 1.20 New 5 10 100 — 1941...A&O 1940-1944 share Life (Boston) Commonwealth Life. r-oo 0.25 Surplus 31, Par New 10 Central States Life (St Louis) City of New York (NY) City Title Insurance Colonial Life (Jersey to 1.50 "0.25 toi".30 / Flat price. 6 Basis. Ask (Wilmington N.O.) 1.50 2.75 Insur Co of Nor Amer 10 10 In-ur to to Natrona Co S D No 2— Dec. Bid Aetna Aetna Insur (Hartf) __ Aetna Life (Hartford) Amer Reinsur (N Amer Reserve (N to 1.25 WYOMING 4s Road 1951 opt Premium $ Amer to 2.90 to 2.25 Unearned 1939 Dec. Casualty & Suit (Hartford) - 00 to 2.50 3.65 plus int. Capital % 3.00 ..J&J 4Ms 1940-1945 J&J 4s 1940-1944 J&J Milwaukee County— 4 Ms Ct H'se *40-*50 M&N 15 4Ms Sew Mar 12 1941-19454Mscourth'se *40-49 J&D16 Racine 4 Ms 1940-1357..M&N 6s 1940-1941 F&A Racine County— 4Ms 1940-1950 J&J Superior 4 Ms Sch *40-'44_J&J Quotations are as near as possible for the closing day of the month preceding the Par to 3.00 to tolOOh 0.15 99 J&D M&S to 2.15 0.90 J&D 70 to 2.10 0.90 2 Ms Nov 11940-1962—M&N 2Ms May 1 1944-1962 2s Road 1940-1963 M&N to 0.80 0.80 0.20 1.60 0.20 M&S 2Ms Sept 1. 1946-1960—M&S 2.80 *43-A&O to 2.20 J&J 6 0.40 J&J 6 1.85 J&D 6 0.25 4Ms 1940-1949 Milwaukee—5s 1940 2.50 to 1.80 J&J 6 0.20 J&J 6 1.60 J&J 6 0.25 2.90 5 3.20 % 3.20,% WISCONSIN Eau Claire 4 Ms 1940-1944. J&J 6 0.50 Green Bay— WEST VIRGINIA to 2.80 to 2.80 to 3.00 to to 1.60 6 0.50 to 2.75 5 1.20 Net Madison— 5 1.00 3Ms Ask to 1.00 6 0.75 Clarksburg 5s 1940-1953.A&O 6 0.40 Huntington 5s 1944 Oct Morgantown 5s 1940-1948. J&J 6 0.50 Wheeling— 5s Wat Wks 1940-1952.J&J 6 0.50 to 2.40 b 1.00 3s Sept 1. 1940-1946 A&O A&O 2.20 b 0.75 4 Ms 5 0.75 Munic Lt & Power Rev— ♦ 2.80 ref wat 1940-1954-J&J 6 0.75 5s Highway A&O 1941-1943-M&N 5s Light & Pow 1942-56A&0 4 H Lt & Pr 1940-'58-M &N Emergency Funding opt '44 4Ms 1941-1959 opt-.M&S L & P b 1.75 5s Wat rev 1940-1951-J&D 6 0.75 Seattle— 5 Ms L & P J&D 6 0.50 .J&D 6 2.85 2MB 2Ms Yakima— 5 2.20 _ 4M® Gen oblig wat_1940-59 Water revenue bonds— 4s 1946-54 optional 1946-2s 1941-1945. 2 Ms Water ref 1940-1942 King County— 4M« Bridge 194049-M&N 4 Ha 1940-1950 M&N Pierce County— 4KB 1940-1944 Port of Seattle— 6s 1940-1955M&S 4 Ms Jan 1941-1955 J&J 1940-1958 1958-1972 Charleston S D— 5s 1940-1952 to 2.20 Walla Walla— 5 2410 Bid Charleston— 4s 1946-1950 M&N Spokane— 4 Ms Park 1962 to 1.20 J&J 4s & 4 Ms ref 1940-51—J&J to 2.10 3Ms Ref 1943-1954 —J&J to 2.20 4 Ms 1941-1954. to 2.30 M&S 5Ms 1941-1953 J&J 5s Imp Mar 1 1941-1942 102 4.00 Spokane Water Revenue— "3.75 % 4Ms-4Ms 1940-1941—A&O Tacoma—Revenues— to 3.00 4Mb Water '40-'43 (s-a)J&J 4 Ms EIL&P *42-'46(s-a)J&J 2.40 4MsEIL&P'40-51(s-a A&O 4s Water 1944-1946 to 2.25 J&J 5 2.00 To or Bonds Net Ask Bid Seattle School Dist No 1— 6s Gen Fund 1940—-—J&J 4M% Gen oblig 1940-1943J&J 4% Gen oblig 1948-50 8M% Gen oblig 1950-51 3M% Gen oblig 1951-52 Toll Bridge Authority— Revenue 4s 1968 J&D Olark Co 5 Ms *52 opt *33 A&O Refunding 6s 1953 M&N 4Ms 1949-68 opt 4s 1940-1953 3 Ms 1943-1953 3 Ms 1941-1954 To or Bonds Net WASHINGTON 6s 1941 Yield Basis Yield Basis Yield Basu Bid Bonds 57 9 17M 41M 61M $ Policy reserves, also calledi Quotation* are a* noar a* possible for Bond* Bid Bonds. Ask 65 Albany Metropolitan 5-6s 1949-Alden (Hotel) lst3-5s 1957.-F&A / Alexander Hotel (Md)4s *42 A&O 68 72" 28 - 60 Allerton N 1955-. / 11 Amer Insur Un Bldg 6s '41.M&N / Arcade Bldg & Rlty (Seattle)— 1st leasehold 3-6s 1948 J&J Arcady-Wilshire Co (Los Ang)— Non-cum Inc 5s June 11949J&J Arrowhead Lake ,7s 1944-47-J&D / Assoc Chain Store Realty— 1st mtge coll 5 Mb 1957—J&J Cum income 6s 1957 A&O 57 3f0 8 Governor Clinton Co Inc f 5s 1950 (with stk) Barker Bros Bldg (LA) Bauman (Ludwig)— (Brooklyn) .F&A 2M-5s 1957 (with stock)..J&D Graybar Bldg < East unices lnc)-~ 1st m ieaseh 5p 1°4S JAP (Pittsb)— M&N Bldg 6fc Hearst-Brisbane Properties— 1st fee & 1'hold 6s 1940-41 J&D 1st fee & 1'hold 6s 1942 J&D 46 F&A 2% 13 49 30 12 22 17 — - 5% 4 2 35 - - - . - - 5 17 / Units I>efcourt State 10 16" 50 Midland 4 76 50 8M 22 65 55 97 25 2 Detroit Hotel 6 Ms to 1941..M&S / Detroit Leland Hotel 5s Oct 1 '52 Domin Square Corp 4s '59...J&J r Dorset Hotel 1st partic 2s 1957— Drake (Phna) 6s w-s 1959 f Eastern Ambassador Hotel units. Kdgewater Beach Apts— Liq Tr inc 6s w-s *50 Ann Oct Edgewater Beach Hotel (Chicago) Cum Inc deb ext 5Ms '41--M&S / 11 Park Place Corp 4s 1948 M&N 11 West 42d St (N Y C)— 4Ms-5s (stamped) '53-.-M&N 48 47 50 1st 50 — - -- 23 59 60 2 1X 32 -- 24 2M 60 "4 -- 86 ■ 89 3 101 J&J Prop 4s '58-J&D 79 83 63 67 47 28 32 15 18 35 14 1 3 71 109K 18 4 5 65 70 26M N Equitable Office Bldg 5s 1952.... 33" New York Title & Deb 5s Legended 1952 Ferry Station P O (San Fran)— 32 36 series series series series series F&A Mtge— B-I B-K C2 CW-1 FI 1947... 6s*40 A&O f ..Nov f 10 East 40th Street Bldg 6s 1953Non-cum inc 6s 1958 J&D f 1088 Park Av Corp 2 Ji-5s'53 M&S f 1946.J&D f Ann Dec f 23 Lexington Ave 2M-4s '50.F&A f 29 4th Ave Corp 2 Ms '63 (w s) 29th St Towers Bldg 3s 1942 f 2124-34 Bway Bldg 5M« -1943 f Park Ave Bldg 4-5s 2d fee 3s 1946 37 41 46 32 H - 49 M 34M Van Sweringen Co— 1st 6s 1935-... F&A f 1st & coll s f 6s 1938 A&O f Van Sweringen Corp 6s '35-M&N f Varick St Sta P G (N Y) 6s 1941 f 40 30 35 10 14 1951._-J&J Warner Bros Hollywood Thea— 1st 6Ms 1941 M&N Washington Properties inc 7s 1952 15 Westchester Bond & Mtge 5Mb 52d & Madison Office Bldg— 1st Leasehold 3s Jan 1 1952 600 Fifth Ave 6 Ms 1949 J&D / Stamped 4s 1949 J&D 1500 Walnut Corp (Phila)— 1st 6s 1950 A&o / 1528 Walnut Corp 6s (w-s) Forest Lawn 1st M 5s '64 1951 _ F&A / 1962 4 14 17 60 64 85 - - - - 5M 3M A&O —M&N f 31 - -1 - - 2 6 3 9 7M 33 20 22 1 3 38 98 88 91 8 6M 1M _ 24 25 22 26" 70 3 - - - 30 13 98 25 30 52 10 24 _ - „ 15" k Last sale. _ 12 — -.•« - 20 33 5 4 19 5M 20 2M _ 20M 6M 22 3M 23 Wallbridge Operating Co (Buff) Income 3-4s 1950 Ann Feb 10 (Hotel)— 1954——M&S f 5 13 5M Wall & Beaver St Corp— 14 17 88 44 f 12 46 18 45 55 Woodbridge Bldg 5 Ms '41.-A&O f 7s 1940A&O f 101 - 5 27 53 1st 4Mb w-s Nov 1 50 11 100 Non-cum Inc 5s 64 9M 7M 11 Bldg 6s 1953 J & J Waldorf Astoria 35 M 61 82 M Westingbouse Bldg 4b 1948.A&O 1 Nominal. 41H 54M 43 M So"'Phila)—" Olympic Inc (The) 8eattle— 1st 6s 1943 11 52 M A f 5s 70 "3" 21 Wadsworth BldgtNY) 6s '63 A&O W aba8h-Monroe 32 income 5 Ms 1945-(w-s) North Station Indus Bldg (Boat) ■ 56 73 38 - cum m 53 M 90 38 10 1st — 44 Tyler Bldg 6s (w-s) July 1 1953— f U S Realty & Impt 6s 1944—J&J 7 13 M X 1M -- 41 2480 Bway Bldg 2d mtge 3s 1944. 59 15 17 78 55 1st 84 15 19M 36 15 Park Row 4s w-s 1952 J&J f 50 B'way Bldg 3-6s 1946-_.M&8 f 51 East 42d St 3s 1956-..On Mar f 51 Fifth Ave 4s 1943 -A&O - 81 24 25M l2a florioa — - M 20 M&N 23 16 R 4 Trinity Bldg 5Ms 19H9 J&D f Trinity Court Bldg 4s 1941.M&S 31 1900 Rittenhouse _ - 30 21 20 13 20 102 J&D 24 __ ' 29 1949..A&O 5th Ave & 28th St Bldg 6 Ms 1945. f 5th Ave & 29th St Bldg 6s 1948... f 5th Ave & 55th St Bldg 4s '55 w-s - 35 100 M&S 31 6s '33.J&D f — Y Postal Service Station— 5Ms 1937 5Ms 5 Ms 5Ms 6 Ms 5Ms 6 3M 14 30 Stamped 15 29 f f Taft Rlty (New Hav) Income 3s w-s 1951 2 73 24 M 54 M -- 46 Textile Crafts Bldg 6s w s 1944-. 7 J&D (w-e) 1956 1st mtge 2-5s 1955 N Y Majestic Corp 4s 5s Textile Properties— 1st 4-58 (ws) 1958 New Weston Annex 3-4s w-s 1945N Y Athletic Club— 39 12 80 Broad St Inc 4s Nov 1 1956-. 80 John St extd 4s 1950 A&O / 870 7th Ave 4Ms Jan 1 1957 Eppley Hotels 1st sf 3-5s 1951 J&J f Stanley-Mark Strand 6Ms 1941 . StHnlp> Real *.8t 5M* '45 J&D State-Randolph Bldg 'Chicago)— 5 Ms 1942 M&N f Steuben Bldg (Chic) 6s 1943 M&S f Stevens Hotel (Chicago)— f Income 5s W-S 1956 Stone & Webster Bldg 'Boston)— Strauss-Manhat conv Inc— 14M mtge 2-5Ms 1950 &J / Nat Hotel of Cuba 6s 1959-(w-s) f 6 68 M Nat Press Bldg 3-5s 1950 J&J 18 Adj mtge Inc Apr 16 4Mb 1950- / National Tower Bldg— 35 1st fee & 1'hold 4-5s 1949-A&O Neisner Bros Realty, Inc— 105 M Conv s f deb 6s 1948 J&D 15 44 48 20 60 Sixty-one Broadway Building— 1st s f 3M-5s (w s) 1950-.M&N Income 3-3 Ms stpd 1955.M&N f Speed Building 'Louisville. Ky). Income 6s 1945 M&N 7 98 / 1942 — 46 1st 2 86 42 24 On Sept 6s debenture 1951 61 Montreal Insur Exch. Bldge 1 80 22 inc 2-5M% June 1957- 30 55 ~7 cum 5s, 1943 J&J Savoy-Plaza Corp— 3-6s (w-s) 1956-Ann Oct / Schulte Real Estate 6s 1935— W ith stock J&D f Without com stock J&D f - 28 20 4 2-6s July 1 1956 An Mar / Roxy Theatre 1st 4s 1957--M&S Russ Bldg. (San Fran.)6s*5] F&A St Charles Hotel (Atl Cy) 6Ms '45 / 20 95 Metropolitan Playhouses— Debenture mtge 5s 1945—F&A Midland Invest Corp (Mo)— See Investing Companies. 50" 33 30 Sherneth Corp 3-5Ms (w-s) 195660 Park Place Bldg 3Ms-5s 1947 86 Merchants Nat 3 98 M 3-3tf-3M-4s 1939-1947--Q-Feb 54 19 24 84 Mecca Temple 5s _ 28 / 5Ms 4th series. Quincy Station P O (Chicago)— 1st extended inc 5■ 1950--J&D Realty Assoc Sec Oorp— Income 5s Oct 1 1943 J&J Repub Bidg(Denv) 3-5s'49.J&D Retail Properties— Deb 58 series A 1959-—M&8 Income deb 6s ser B 1959.A&O / Rittenhouse Plaza 2 Ms Jan I 1958 6s with stock 1959J Office Mercantile Properties. Sec s f 5Ms 1946 _ 50 65 74 72 Marshall-Wells Bldgs 6 Ms'47 F&A Mayflower Hotel( L> O) 5s 1950-. 101 cum Inc 5s May 1962 inc deb 5s May 1967 / Schuyler-Hudson 4s 1947 SeviUa-Bllt Hotel 7 M" "37 ctfs Shelburn Inc (Atlantic City)— 56 Mark Hopkins Inc— 1st income 6s Feb 1 1952. 20 cum Voting tr ctfs for common.. Poll-New England Theatre— 1st s f 5s 1958M&N Gen income 5sNov 15 '83.J&D / Prudence Securities Corp— Theatre Bldg 6s. 1941--M&N / Lombardy (The) 6s 1942—M&N London Terrace Apts 3-4s'52 J&D Lord Bait Hotel g m 6Ms '45 A AO Lord Nelson Hotel s f 4s '47.M&N Lords Court Bldg 5Ms 1942.J&D Macrid Realty 3s Madison Inc (N Y C)— Mtge cum inc 3-6 Mb 1957M&N / Manhattan Towers 6s 1948-M&S / Marcy (The> 6s 1940 F&A 48 "7 50 18 6 n) n 17 40 Loews 59 M / Flat price. 6 Bldg— 12 21 Mtge • San Fran Paramount Oorp— 34 74 Plerrepont Hotel 3-4s 1951--J&J Pitts Hotels Corp 1st 5 Ms '48M&S / 47 10 46 __ _ 98 27 45 32 3 — 50 J&D F&A / 1st 4s 1951.. Lincoln Bldg Corp— Income 6Ms w s 1963 / F& 5 He ex stock 1963 Lincoln Mtge Co (Newark)— Cum inc (w-s) 5s 1948—A&O 47 17 60 Lenox Hotel inc 5s 1950 60 6M 16 27 Lewis Morris Apts 45 41 12 66 45 St Louis Post Office— Extend 1st 4-6 Ms 1948 18 20 13 14M 63 Bldg— 1st fee 4-5s 1948 30 17 34 25 M&S 1948 6s Jan 1 Lefoourt Mnntiat 29 8 42" fErie, Pa.)— Lawrence Hotel 26 1st s 14-4^8 1948(w-s)—A&O Colonial Apartments 6s 1937 Bldg Corp 1st s f 3M-5s 1940 Cromwell (Oliver) 6s 1939.M&N / De Paul Hospital 1st & ref i5M 36M 22M 30 52 LaSalle Wacker 5s fixed.—— 19 15 6s 2-s '52 / Pennsylvania Bldg 6s 11)39 M&N / 2d non-cum inc 4s 1959-M&N / Park Place Dodge Corp -- 38 Robert Treat Hotel (Newark) 1952—M&N 6Ms £46 / leasehold 3Ms-4s 60 25 40 Conv Kramon Devel Co 1st fee & 38 55 Paramount Bway Corp.— 1st M s f 3s loan ctfs 1955 F&A Park Crescent 6s (w-s) 1955 / 10 68 Income 5Ms ser A 1961—M&N 95 Keith Memorial Bldg 6s 1943 Lake 8h Ath Club (Chic) Cleveland Theatre gen 5s 1944--. Oolonade Construction— Columbus-Venetian-Stevens Bldg (Chicago) 1st leasehold inc 3-5s. 1955 M&S 1 Congress Square Hotel 'Port Me) 5Mb 1946 M&N 40 Building— 1st s f inc 3M-6s May 1 1948. f Hotel Drake Corp inc 3-5s "53F&A Hotel Lexington units 4s '55.M&S Hotel Sherman, Inc— 1st 5s 1957 (w s) Apr ----- f Hotel St George 4s 1950 A&O Hotel Syracuse Inc 3s 1955--M&S Hotel Taft Corp 5s 1947 F&A Jagels & Bellis Realty 6s '48.M&S / 23 15 - 15 36 9 Herald Square 3 H 16 — _ ,J&D / 110 So Penn Ave (Atl City)— 6 s 1944 J&D 165 Broadway Bldg— Sec sf ctfs 4Ms (ws) 1958 General s f 2d 3s Aug 1958 F&A / Ore Paramount Corp 4s '57-M&S Orpheum Th & Rlty 2-6s '46 M&S Palace Hotel (San Fr) 5s '45-F&A Pantages (Alex) fig to 1947-M&W 77 40 J&D / Benf Franklin 6s ctfs 1933 f Berkeley-Carteret 5 Ms '46.M&N / Bing & Bing deb 6 Mb 1950 *&8 f Income 7s 1950 w-s M&8 / Book Tower (Det) 2-5s *52-(w-s) Boston Insurance Exch Bldg— 1st Lse cum inc (w s) 5s Apr.'53 Boston Parcel Post 3s Oct 1945 f Boston Postal Sfirv 5 Ms *38.J&J / Broadway-Barclay Inc— 1st, 2d 1956 In June / Bway Mot Bldg 4-6s 1948—F&A Bway-Spring Arcade Bldg— Non-cum 3-5s April 1 '57-J&D Bway & 38th St 7s 1945 J&J Bway & 41st St Bldg 3M-5s 1944. Bklyn Fox Corp inc 3s Oct 1 1957 / Bryant Pk Bldg (NY) 6Mb'45J&J 2-4Ms extended to 1955—-J&J| i Bush Term Bldg—See Industrials Butler-Hall 4 M -5s 1947-Q Mar 25 Cent Manhattan Props 5s'46M&S f Central Zone Prop 6s w-s'53 F&A Chain Store Depot 6s 1940.-M&8 Chanin Building— 1st Leasehold inc 4s 1945.M&S 2d Leasehold inc 2s 1945.M&S 3d Leasehold inc 1st 1945.M&S Chesebrough Bldg 6s 1948.-A&O ChicHerald& Exam 6M* '50 M&m Circle Theatre extd 6s 1946.M&3 Cleve Term Bldg 1st 6s 1941-J&J Stamped / Ext Income 3s 1952 13M 47 103 98 1935 Film Center Bldg 4s 74 23 Feb 1951. 43 Harrlman 60 Court & Re w* 16 23 M Hartford Times deb 4 Ms "51 M&N 1st 5s (Long Isld) 1951—A&O Beacon Hotel inc 2-4s Apr 1958 / Bellevue-Stratford f Phila)— 5 Ms 15 21M 98 6s'47 J&D 10 (N Y C) Grant Bldg 43 ' 31 88 1949 1947 8 ^ 65 f 6s *51 • 1st mtge 2-4s 1952 -M&S Granada Apt Bldg 6s 1938--M&S f 52 5M 90 —J&D f 1940 to Greeley Sq Bldg 6s 1951 Bait Parcel Post 5M" 1st 5s 21 5 Ms Baker Hotel (Dallas) 1st 32 Garrett Buildings (Chicago)— 6 40 Income 28 18 30 45 30 27 ----------- 52 _M&N 103 East 57th St Bldg 6s '41 M&N s Park Lexington Co Inc— 1st mtge leasehold sf 3s '64_ J&J 37 J&J 6s 1944 One Park Ave 2d 103rd & West End Ave— Income 5s June 1 1942 4M • 27 15M 25 14 6s 1942 A&O Fox New Academy of Music 1st leasehold 6 Ms to 1941.M&S Fox Theatre & Office Bldg Income 3s 1957---Fuller Bldg (G A F Realty Corp) lst2M-4s (w-s) 1949-J&J 45 28 2 Bid Bonds. Ask 1M 13 M 23 Certificates of deposit 13 14 non-cum Inc 6s 1957-M&S (Los Angeles) Realty Bid 5s 194: (W-8) J&J Adj Bid 1956 M&S 40 Wall St Bldg 1st 6s 1958.M&N 42 Broadway Bldg 6s 1939—J&J f 48 St Real'n Corp l-4s..Mar 1952 1400 B-way Bldg 4-5s 1948-J&J 1410 B'way Bldg 3 Ms 1941.A&O Fox Det Theatre 1st income 5b 1958 J&J / 101M Debenture 2s 1963 J&J / 80 Ambassador Hotel (Los Ang)— Non-cum Inc. 4-5s 1950—A&O / 41 Assoc the closing day of the month preceding the date of issue. 40 Exch Place 5 Ms Abraham Lincoln Hotel (Reading, Pa) 1st extd 4-5s 1945 A&O Y Corp — Cum income 2-6s July 1 Allied Owners Oorp— } 101 ESTATE BONDS REAL 22 24 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, possible for the closing day of the month preceding date of issue, though often are nominal. An asterisk (*) as near as and are denotes s silos Figures of deposits, capital and profits for the National banks are from the Comptroller's last call; for all other insti¬ being procured by us where no periodic statements are required. For taken from the latest weekly statement. tutions they are the latest obtainable, direct returns the Clearing House banks of New York, deposits are National Banks March 26 State Institutions Capital National Banks March 26 ALABAMA March 26 CALIFORNIA Cross Surplus & Profits Par Deposits Bid Capital Ask Surplus & Profits State Institutions March 26 Cross Deposits Par Per Birmingham— Tr & Blrm'ham share. 2,043,421 104,396 50 Sav 600 000 11.195,737 Common al,714,000 125,000 Preferred Industrial Sav Bank. d 36,360.809 81.700 e 26 {5a° 1,194,217 70,407,122 27 4,600.000 12,165,451 3.800,000 Preferred-.- 204,751 1,845,495 1,732,333 375,000 1,000,000 1,000,000 J 25 \25 MontgomeryAlabama Nat Bank. 294,762 878,988 4,979,048 19.763,624 82,440 2,558,138 238,919 71,488 300,000 1,000,000 First Nat Bank 3,529,134 27,515,557 24,484,172 30 31 25 25H 100,000 40,000 .. Preferred- - - It 400,000 120,000 i 200,000 342.500 2,724,250 1,61b,164 1,612,190 1,559,704 Selma National Bank Selma Tr & Sav Bank d 221359 106,404 16 16 10 10 United States Nat Bk d San Francisco— %h & Savs Assoc 102 98 100 Bank of America. Bank of Canton 25 100 Bank of Montreal— 100 Canadian Bk of Com Crocker First Nat Bk Yokohama Specie Bk American Tr Co- Nomi nal. Per 186,662 550,000 247,500 917,770 191,350 3,726,900 share. 100 Phoenix— First Nat Bk of Ariz. Phoenix Sav Bk & Tr 18,578,410 t 20 4,447,930 t 25 N Valley Nat Bank— 600,000 Common Preferred- 1,196,600 jl,481,885 40.975.579 o re cent sa {ox les Tucson— Sou Arizona Bk & Tr 250,000 534,557 10,212,941 les 100 glO 21H 13,588,557 \ 25 35 9,264,449 3.329,904 100 "85" 100 125 6,326,670 187,086,846 8,018,954 125.147.510 20 273,659 64,449 125 100 50.000,000 1,500,000 500,000 1,000.000 1,300.000 6,000,000 6,000,000 dl,000.000 150"* 6 *5H 80 *108 68,373,408 1461398667 12 312* 3434 # /2,217,422 18,854,965 i 3,549,468 138,859 100 i 296.031 5,281,278 100 "212" 216" i 471,201 19,614,473 100 8,261,136 148,964,949 100 *9,116,010 165,837,882 1000 i 335,835 100 8,568,193 174 171 320 287 10,000 9.000,000 8.769,254 282,325,070 431,450 6,336,192 1.200.000 i 100 "75" 285 p {20 - 270 292* 482* 262* 2* 44 - - - (100 Preferred.--.- 1100 435,300 Stockton— First National Bank. Stockton S & L Bank 200,000 1,000,000 375,000 i 100 N 0 4,962,183 11.523,056 2,689,222 100 re cent 100 sa 60,000 Dep Bk— 560,880 760,057 155,186 149,703 1,875,560 20 100.000 ) 144,503 les State Institutions ARKANSAS March 26 26,076,728 Common 7,500,000 19.901,526 293,587,658 Preferred 7.500.000 San Jose— First National Bank. 904,109 10,707,055 100 600,000 Santa Ana— Commercial Nat Bk. d 1,800,570 12H 142,882 139,750 i First National Bk— Common.-..---. 9,268,444 564,700 i 222,179 Union Safe National Banks 50 Fargo Bank & Union Trust Co March 26 Bisbee— Miners & Merch Bk. 4,107.210 | 770.770 National Bank dl7,920,000 Bank of Calif, N A.. 6,800,000 b Bank of Amer Nat Tr Wells 250.000 i 138,033 0 Anglo California State Institutions ARIZONA 250,000 485,000 600,000 270,000 Security Tr & Sav Bk Pacific Nat Bank March 26 re cent sa N B 62 H 61 175,000 i dl,750,000 The San Fran Bank- National Banks 100 100 100 100 Diego— Preferred 25 20 Selma— City National Bank. People's Bk & Tr Co. d uan First Nat T & S Bk_ San Diego Tr & S Common 25 Union Bk & Tr Co— Common 33,166,550 1,848,880 6,288,561 1,411,688 899,323 245,250 145,000 American Nat Bank. d Mobile— Amor Nat Bk & Tr Co First Nat Bank Merchants Nat Bk__ Merchants Nat Bank d Sumitomo Bk of Cal. k share. 1,858,084 184,565 138,634 49,948 956.250 50.000 San Bernardino— 100 First National Bk— Common Per Sacramento— Capital Nat Bank— d Citizens Bk of Sacra. 100,000 k Bank for Sa vs. & Trta. Ask Bid Nom inal. Nomi rial, March 26 Nom inal. Fort Smith— Per 275,000 500,000 500,000 •; City National Bank. First National Bank. Merchants Nat Bank 137,757 622,126 554,934 2,360,886 8,151,745 10,152,741 share. 100 100 25 Nom inal. Colorado Spgs.— Little Bock;— Commercial Nat'l Bk 300,000 200,000 Peoples Nat'l Bank.. Twin City Bank 651,972 155,775 43,921 100,000 11,804,694 4,575,821 1.235,464 20 N 25 re cent 25 sa o les Union Nat Bank— Common Preferred 300,000 1 185,500 . W B Worthen Co 444,942 663,000 ----- 441,006 15,256,325 Colorado Spgs Nat B Common Preferred class A__ 120 First National Bank. 100,000 8immons Nat Bank. 400,000 114,625 1,049,269 2,326,659 11,890,039 50 American Nat Bk Common 400 Preferred Colorado State Bank Denver Nat Bank—. National Banks ' CALIFORNIA First National Bank. National City Bank. State Institutions March 26 Union National Bk U S National Bank.. . Nomi nal. Per share. Long BeachFarm & Merch Bank 1,000,000 i Western Tr & Sav Bk d 225.000 Los Angeles— 811,639 236,272 18,162,662 3,428,028 N 100 50 re cent sa Common 5.000,000 800,000 J3,972,806 114,835.038 125 18 les Savings Bank Common.--.. Preferred - Union Bank & Trust. 5,576,898 120,688,403 5,489,271 141,092,685 24,000,000 132712060 575,994,943 8,000,000 2,500,000 12,779,816 38,843,134 19 20 20 21 100 350 405 {25 50 40 "90"" ~95~~ Oakland— Bank of Commerce.. 331,600 i 87,032 2,000,000 2,639,906 300,000 i 289,170 50 3,547,540 45.628,547 12,175,410 100 511,444 5,678,093 100 14,493,799 J 25 Pasadena-First N Bk d 550,000 11,097,099 450,000 150,000 72,755 Security Nat Bank.. 300.000 Central Bank Farmers & Mer Sav. Pasadena— Citizens Ooml Tr & S First Tr & Sav Bk— Common Preferred 300,000 297,501 500,000 350.000 100 100 717,320 98,068 9,365.393 5.611,347 100 1,000.000 11,849,745 400,000 60.000 137,655 1,260.000 2,496,062 1.500,000 3,996,784 d 100.000 43,319 d 100.000 32,842 550,000 2,502,161 500.000 2,346,723 Mlnnequa Bank.... 500,000 30,000 Pueblo Sav & Tr Co Common 100.000 Preferred * 5,000,000 3,000,000 \100 6,446,594 9,020,656 50 194,000 1,746,828 170,891 | 116,426 40,973,016 /100 1100 1,848,998 100 50 35,739,168 64,827,048 100 1,517,159 973,938 '160 100 27,568,129 100 19,708,461 22,421,237 2,193,456 0 les . 100 4,917,834 N re cent sa /100 100 1100 140 Citizens Nat Trust & Farmers & Mer Nat International Tr Oo. Pueblo— First National Bank. 0 California Bank— Preferred 2.642.697 [100 387,694 416,693 Colorado Nat Bank 100 100 share. Denver- Central Sav Bk & Tr d Pine BluffNat Bk of Oommerc- d March 26 65,000 300,000 300,000 Exchange Nat Bank. 120 20,798,511 Per Colorado Sav bank. 25 arrangements were made. Savings deposits. d Common and preferred stock outstanding. May 19. 1938. / June 30, 1939. Revision San Diego First National Co., controls 97% of the stock of the first National Trust ^ Savings Rank of San Diego, Calif. i Dec. 30, 1939. k Oct. 2. 1939. I Last sale price. n New stock. p Par value 100 yen. c \25 2,580,356 3,943,956 20 100 Sale price. t Controlled by the Transamerica Corp of 8an Francisco. Calif. Outstanding preferred stock consists of $1,014,000 1st pref. of $20 par value and retirable at $50 a share, and $700,000 of 2nd nref stock. * b On May 13, 1940, stockholders of the Bank of America National Trust & Savings Association, San Francisco, Calif., adopted a plan to increase its capital by $30,000,000 through issuance of 600,000 shares conv. pref. stock to sell at $50 a share and yield an annual dividend of $2. Present stockholders have first rights, expiring May 27, 1940, to subscribe for new pref. stock on basis of three shares for each 20 shares of common stock owned. Any unsold portion of above issue was to be disposed of through public sale, but due to disturbed international conditions, alternative a 128 e g National Banks March 26 CONNECTICUT 103 AND TRUST COMPANIES BANKS June, 1940] National Banks State Institutions March 26 Surplus Capital Surplus & Profits Hiaml— Nomi nal. Per share. First NatBk ATrOo $ 600,000 Preferred 1,455,000 Black Rock Bk A Tr. 1 139,364 100,000 n Bridgep't City Tr Oo 2.200,000 nl ,580,349 | 324,001 ._ 27,780,588 {7 6 5 b 7H 1,988,584 30,429,261 &k 42 45 25 30 32 26,000 122,500 25,000 1,938,952 1100 2nd preferred... West Side Bank— Common.. Preferred ■ 165,000 97,000 Jn 49,460 „ 25 30 25 23 28 30 100 500 115 50 55 10 26^ 1100 239,972 1,248,775 1,085,520 Glastonbury Bk A Tr 300,000 150,000 1,150,000 100,000 Hartford Nat Bk & T industrial Bank Pnoenlx St Bk A Tr. 4,000,000 100,000 1,600,000 4,529,006 East Hartford Tr Co 100,000 4.000,000 100,000 160,446 4,453,195 219,651 181,906 119,313 Conn River Bkg Co. First National Bank. Hartford-Conn Tr Oo Park Street Tr Oo Riverside Trust Co. 170,071 Slmsbury Bk & Tr Oo 80 End Bk & Tr CoCommon Preferred 50,000 60,000 500,000 200,000 100,000 Travelers Bk & Tr Oo West Hartford Tr Oo -Windsor Trust Co... 3,895,567 7,739,359 17,515,197 1,790,912 81,497,234 252,077 25 100 834,978 300.000 Per 130 130 100 100 100 share. 160 100 14,616",016 25 44 3,925,199 100 110 125 22,880,930 100 135 160 35 40 Orlando— 132.000 68.000 Preferred Florida Bank 392,598 6.652.227 I 100.000 314.499 6,124,761 20 20 100 200,000 ol,092,944 13,333,929 100 482,971 150,357 5,953,566 3,631,789 100 1,420,464 2,347,791 100 .100 ...... Palm Beach First National Bank. Pensacola— American Nat Bank. Oit A People's Nat Bk 28 400.000 200.000 St. AugustineExchange Bk St Aug 100 '68" 200,000 37,565 46,883 200,000 384,348 10,553,668 25 100,000 1,250.000 44,789 617,205 1,192,739 n 182,606 1.071.228 18,606,244 19,953,398 2.110.590 100 100 125 100 100 125 100 150 60 175 73,984 2,127,541 100 307.783 8.313.591 100 75,000 25 63 25 50 Tampa— Broadway Nat Bank 25 13 Exchange Nat Bank- 43 First National Bank. ol, 000,000 First Sav A Tr C0 500,000 West Palm Beach Fla Bank A Trust Co. 100.000 25 I St Augustine Nat Bk St. Petersburg— 285 25 28^ 60 44,249,652 2,166,366 53,826,075 3,813,107 3,959,760 2,056,969 60,384 1,212,370 20 943,348 475,631 139,693 11,456,076 4,162,084 1,769.108 100 1/100 388,333 94,417 108,528 53,989 6,113,800 1,745,575 25 25 12 5,815 125 21 15 140 1,599.672 100 25 10 2,825,946 100 97 105 35,681. 1,191,725 \ 100 100 70 15 164,142 }. r $ 3,013,669 41,818,272 Florida Nat Bank 201,468 2,177,954 250,000 125,000 _ 100,000 400.000 100,000 Common 1100 Hartford— Capitol Nat Bk A Tr Ask Bid First National Bank 2,018,442 J 25 258,330 158,674 901,578 84,187 417,863 126,202 1,200,000 First Trust Co Florida Nat Bk A Tr Little River Bk A Tr Miami Beach First National Bank [ 25 1" $ 200,000 Amer Bk A Tr Co First National Bank. North End Bk A Tr Common 1st preferred.. Par Nomi nal. BridgeportCommon Qross Deposits Ask Bid Par A Profits Capital Cross Deposits State Institutions March 26 FLORIDA March 26 5100 100 West Palm Beach At¬ lantic Nat Bank 175 25 200.000 35 Merlden— Home National Bank Merlden Nat Bank.. Merlden Tr & 8 D Oo Puritan Bk & Tr Co. \ 500,000 150.000 100,000 150.000 a 212,500 ( 20 n Co 112,625 a first Nat Bk & Tr Co Common Prior preferred 882,0(00 315,000 •1,180,237 920,000 1,088,454 800,000 750,000 1,000,682 Oonv preferred New Haven Bk NBA Second Nat Bank.. Trademen's Nat 68 72 Fulton Nat Bank— Common Preferred Ga Sav Bk A Tr Co— 50 73 77 3,167,756 1100 10,101,519 14,139,163 40 45 ilOO 115" \ 545 50 125 AugustaGeorgia RR Bk A Tr Bk Common 170,000 170,000 1,458,700 Preferred._. On AN Haven Tr Oo ' 95,370 Citii 1100 1,218,814 16,877,661 556,254 4,976,344 "no" 100 114 100 New London— Nat Bk of Commerce 300,000 a Wlnthrop Trust Co.. Norwich- 342.832 o 212,500 550,000 200.000 Thames Bk A Tr Uncae-Mereh Nat Bk Stamford— First-Stamford Natl Bank A Trust Oo. 1 1 1.000,000 200,000 700.000 fidelity TitleATr Oo Stamford Trust Co.. 2,388,394 1,956,327 907,883 422,505 192,697 3,462,037 1,808,671 1,354,159 732,896 1,180,748 300,000 122,934 183,979 68,663 13,286.724 5,769,026 9,754,528 o re cent 50 100 sa les 100 25 19 100 110 120 600,000 .I Water bury Trust Co 12,262,663 300,000 1 264,290 184,000 2,223,847 300,000 218,458 Common....... Colonial Trust Co 962,962 9.210,363 3,668,669 500,000 990,000 750.000 r5,ooo.ftfto 250,000 9 Otiy Bank A Tr Co.. 342,486 3.541.656 : 140 148 100 165 175 Liberty Nat Bk A Tr 100 140 148 Savann ah Bk A Tr Citizens Bk A Tr Oo 160 100 25 14 M 150 100 100 100 100 100 14 J* 13 J* 100 10 13 H 3,609,091 105,994,370 5,367,356 332,860 5.641.397 267,704 500,000 645,000 100 80 85* 100 55 60 1,657,637 100 30 50 200,000 I Common Debentures 152 13 H tio 3,609,091 105,994,370 t 10 100 1,646,540 94,835 10 7.106.396 277,667 Savannah— Oltix A So Nat Bank. r5,000,000 14H 27 13H 25 100 100 7,127,565 2,221,365 2,094,409 1,288,696 3,758,101 1,119,595 142,769 224,629 n 51,277 n 347,370 110.000 a share 250 38,360,370 J100 225 1100 100 "75" "85" 3,732,254 775 100 725 36,271,248 10,606,653 673,224 3,609,091 105,994,370 3,506,010 295,312 500.000 e 100 104,166 122,000 27H 32 5,990,649 jl,599,514 475.000 9 850.000 First Nat BkofOol.. 200.000 Fourth Nat Bank 200.000 Home Savings Bank. 75.000 Merch A Mech Bank 200,000 Macon— Oltix A So Nat Bank. r5.000.000 First Nat Bk A Tr Oo Wateroury— Oitis A Mfrs Nat Bk Water bury Nat Bk— A So Nat Bank- Nat Exchange Bank. Oolumbus— 1.000.000 a Columbus Bk A Tr.. N New London City National Bank... Union Bk A Tr Oo 100 823,578 122,178 3,609,091 105,994,370 t 10 10 6,810,395 128,203,194 n Trust Oo of Georgia. e2,000.000 67 44 f 50 28,247,726 Institutions March 26 Per Atlanta— American Sav Bank. 200,000 Citis A So Nat Bank. r5.000.000 First National Bank 5,400,000 Community Bank & Trust State GEORGIA March 26 Nomi nal. New Haven— ^iner Bank & Tr Oo. National Banks 32 25 85 National Banks 100 55 March 26 State Institutions IDAHO March 26 Nomi nal. National Banks DELAWARE March 26 State Per Boise City— Institutions 750.000 550,000 Common Nomi nal. Per share. Wilmington— Central Nat Bank Farmers' Bank 316,314 210.000 500.000 4,575,783 625,000 1,149,195 727,500 203.175 915,535 1,000,000 1,500.000 t2,783,697 672,600 nl,035,340 4.000,000 12,257,455 Industrial Trust Oo. Union Nat Bank Delaware Trust Co.. Equitable Trust Oo. Security Trust Oo Wilmington Tr Co.. 2,600,687 18,088,448 3,594,591 4,323,811 12,941,888 20,668,049 11,053,103 87.621,920 100 110 50 Preferred First Security Bank. a1,050,000 Boise Trust Co.. 125.000 62 100 165 25 63 60 200 215" Per Washington— City Bank a Columbia Nat Bank Bank of Co mm A Sav Hamilton Nat Bank. Liberty Nat Bank Lincoln Nat Bank McLachlen BkgGorp 475,000 250.000 100,000 1.000,000 500,000 400,000 a Nat Bank of WashNat Capital Bank Nat Metropol Bank. 340,000 1.050,000 200,000 800,000 100 3.000,000 15,568,122 113,242,655 Preferred 1.000.000 Second Nat Bank a 488,263 500,000 9,690,996 Secur Sav A Com Bk a 433,226 510,000 8,811,136 Amer Secur A Tr Go. 3.400,000 5,478,557 54,460,294 Nat Sav A Tr Oo— Common Income debentures 1,000,000 250,000 2,000,000 1,000,000 1.000.000 Munsey Trust Oo Union Trust Oo Wash Loan A Tr Oo. J2.151.845 1,226,550 1.860,746 2,599,806 25 sa 0 re cent les 100 State ILLINOIS Institutions March 26 Nomi nal. Per 212,608 331,982 45,907 4,356,482 5,814,437 3,511,525 100 100 100 a 100.000 300.000 348.500 150.000 47,537 225,528 278,701 193,926 1,398,630 2,881,487 6,225,638 2,798,921 100 a a N shan 0 re cent sa les First National Bank. 8t. Clair Nat Bank.. 100 100 30 100 260 275 100 125 150 Chioago— 100 200 100 300 20 30 32 100 168 180 100 190 50 220 Aetna State Bank.. a 400 ,000 Am Nat Bk A Tr Oo. al.600 ,000 200 000 Austin Stat" Bank. Beverly State Sav Bk Central Nat Bank— City Nat Bk A Tr Oo 58 i380 ,000 100, 000 300, 000 4.00(1, OOll Avenue St Bk Oak Pk 100 121 100 150 175 100 265 275 Cont 111 N B A Tr Co 50.000 000 Oont Nat Bk A T Co 1,500, 000 [100 250 270 Ooemopolit'n Nat Bk District Nat Bank- 100 101 60 169 100 225 18,182,831 (100 Common 75 100 194 87 70 50 100 , 250, 000 3,930,665 75,844 1,559,835 67,633,536 167,650 5,986,291 7,249,745 250,221 111.270 2,771,488 265,665 10,368,341 3,418,292 152,349,468 47,775,605 1301971930 439,182 555,684 t 3,703,528 76,132 104 000 77,839 a 440 ,000 Drovers Nat Bank.. 1.000 ,000 First National Bank 30,000 000 First Nat Englewood 200 000 200, 000 100 7,935,510 183,112 1,031,149 32,258,738 38,136,603 1021940 290 5,222,368 781,782 7,478,258 280,963 20 30 100 190 200 40 20 23 40 27 32 100 100 10 15 18 100 92 98 33»« 100 69 71 100 175 20 30 17 21 40 25 30 3,661,943 I 96 000 Orexel State Bank.. Balsted Exch N at Bk 100 a ... Preferred 185 235 — 6,020; 446 12,450,058 25,097,739 100 160 10 share Riggs National Bank Common 28,330,866 78,273 160,000 300,000 375.700 Belleville Save Bank. 2,149,020 10,114,912 5,750,111 4,177,288 28.461,342 7,975,359 11,723,223 5,976,705 11,160,523 2,455,604 28.974,273 1,286,866 n 56,820 Aurora— Belleville Nat Bank. Nomi nal. 86,232 n 510,274 622,761 326,508 1.169,520 471,755 978,944 233,016 821,630 208,356 1,870,850 N Belleville— DIST.OF COLUMBIA ^^Marchwt"1* 145,000 100 135 50 National Banks March 26 68 Old Second Nat Bank a 25,899,890 42 25 Merchants Nat Bank Anacostia Bank 11,025,140 300 25 Aurora Nat Bank— March 26 share Idalst NatBk ofBoise March 26 100 150 200 160 100 190 195 100 210 230 100 175 185 105 80 * Sale price. t Branch of Savannah. Include* preferred stock 225 a ft or debentures outstanding. b Retirement price. National Banks March 26 FLORIDA c State Institutions March 26 June 30, 1939. d Member of the Atlantic Group in Florida. e Nomi nal. Jacksonville— Per Atlantic Nat Bank 43,000,000 Barnett N B of Jack1,500.000 Florida Nat Bank. gl .500,000 Bpr'field Atlantic Bk 50,000 1,519,593 1,781,189 1,554,489 37,133 60,973,958 31,223,989 42,013,888 1,127,554 10 100 25 100 10H 205 26 210 28 g Member of the Florida National Group. h Affiliated with the Barnett National i April 0 100.000 203,216 1,977.653 25 30, Bank of Jacksonville. Fla. 1940. I Last sale. n Dec. 30, 1939. o Directors on May 23, 1940, voted to increase the surplus account of the First National Bank in Polar Beach, Fla., by $100,000 taken from the k New reserve r Lakeland— Florida Nat Bank share. Affiliate of the First National Bank of Atlanta, Ga. stock. account. Combined statement. t Trust funds. y Stock all owned by Travelers Insurance Co. x Ex-dividend. ' BANKS 104 National Banks March 26 250.000 500.000 Common— Preferred 412.260 .325,000 300.000 .... Liberty Nat'l Bank Live Stock Nat Bank Madison-Crawford Natl Bank Main State Bank.. MerchandiseNat' IBb . 500.000 600.000 200.000 Metrpp State Bank. 200.000 400.000 Mid-City Nat Bank . Milwaukee A v N't Bk Mutual Nat Bk of Oh Nat Bk of Hyde Park Nat'l Boulevard Bk. National Security Bk Nat Stkyds Nat Bk. North Shore Nat Bk. 200.000 400 Oft(> 200,000 300 000 1,000.000 200,000 Oak Park Tr&Sav Bk 500.000 Personal Ln & Sav Bk 3,000.000 Pioneer Tr & Sav Bk i 750.000 Sears-Corn State Bk 200.000 Skala Nat'l Bank... 200.000 South East Nat Bank 200.000 South Shore Nat Bk. 200.000 120.000 200.000 400.000 300.000 800.000 Drovers Tr & Sav Bk i 544.000 East Side Tr&Sav Bk 200.000 Harris Tr & Sav Bk 6.000.000 Lake snore Tr & S Bk < Lakeview Tr & S Bk. 736.000 Elgin— Elgin Nat'l Bank JX 82 14 225 58 62 165 173 11,226,193 3,398,761 25 100 8,834,508 100 2,431,911 3.156,834 37 30 '186* i60" 100 100 122,839 500,000 2,085,658 250,000 n lo7,338 43,020 50.000 n 2,920.513 33,419,110 4,900,053 1,077,779 25 100 20 N o re cent 1 sa lee 184,298 224,436 3,064,195 4,426,839 100 63,070 1,550,606 (100 n 200,000 People's Sav Bank.. i 150.000 Coun Bluffs Sav Bk. First National Bank. Oommon Preferred 150.000 State Savings Bank. 100.000 85.037 1,896,035 100 Davenport— Davenport Bk & Tr. 600.000 2,089,238 31,052,364 100 750,000 11,015,629 250,000 141,009 150.000 22,428,549 (25 2,971,718 100 650,000 11,166,072 450.000 76,231 15A ftoo 50,000 n 31,870 25,867,626 (100 1100 50 2,087,252 1,750.000 11,244,051 1.250,000 319,295 150.000 45.482,723 (100 1100 5,641,061 100 80.000 I 20,000 100 \100 Oes Moines— Oommon .... Preferred Oap Olty State Bank Cent Nat Bk & Tr Oo Oommon ... Preferred. nes MoInesBk&TrOo i First Fed State Bank 32 100 100 68 200 73 210 100 Preferred Val'ay Sav Bank Dubuque— First National Bank. Amer Tr & Sav Bank i 100 100 100 75 100 80 110 23 285 28 295 100 100 60 270 170 400,000 250,000 300.000 250.000 Woodbury Oo Sav Bk 100.000 517.745 178,676 n 100 10,221,951 5,169,461 100 N 100 100 100 65 180 National Banks 75 merican Nat Bank, 150.000 17 18^ irst National Bank 250.000 20 50 51 163,204 5,098,935 { 50 50 55 126,483 1,661,842 100 60 65 15,125 632,499 100 20 25 100 100 N 10 6.700.000 6,007,561 A100 7,638,163 100 6,667,808 100 2.608,660 100 295,000 320,735 397,777 250,240 119,153 sa Dec. 30 Nomi nal. Per share' les Kansas 102,685 258,516 3,977,796 / 66*3 100 65 no" 115" 100 35 100 30 50 35 btnm'l N Bk of K C Common 300,000 1 «... 200.000 253,471 100.000 g 173,778 73,000 229,796 503,283 150,000 150.00C 50,000 E i Security Nat Bank.. Third Nat'l Bank 328,741 First National Bank. Leavenworth N« c Mannfac'rs Stat £ 500.000 345,188 First National Bank. Illinois Nat Bank 500.000 769,883 300.000 Springfield MarineBk 500.000 349,797 534,078 11,585,270 6,139,095 9,607,933 100 600,000 400.000 77.500 200.000 10,174,324 5,626,443 13,241,210 100 180 190 50 110 120 Kaw Valley State Bl k Merchants' Nat Bk. 100 1.30 140 < a £ Oommon . _ Topeka State Bank.. . March 26 INDIANA State Institutions Dec. 30 < Ev&nsville— Per E Indiana Tr & Sav Bk. Bank..... 1 500.000 100.000 150,000 137.500 100.000 500.000 1,013,475 185,740 34,932 21,404 52,193 808,515 42,179 223.500 15,202,516 1,294,489 1,387,128 1,422,578 1,044,113 13,247,592 1,801,026 100 100 000 418,652 , Mutual 1,665,000 1.200,000 745,559 12,031,786 HOC 1,376,296 1.042,615 rioo 405,733 100 2.728.224 100 0 593,738 7,597,478 100 9,633,335 150 1,542,273 1,385,524 59,240 215,042 611,182 35.875 40,662 100 100 100 175 110 110 100 100 100 150 100 75 125 125 110.000 1 90.000 100.000 176,175 100 29,106,920 25,181,439 1,103,025 2.590.225 100 100 [g 150 101 100 100 Oommon. t < 14,941,994 (100 [100 8,285,911 100 3,879,209 J 62i, \62', State Institutions Dec. 30 KENTUCKY March 26 21,248,301 Nomi nal. N People's Tr & Sav Oo Qary— Gary State Bank Gary Tr & Sav Bk.. 400,000 778,617 , 15,685,176 340,000 250,000 300,000 400.000 200.000 20 20 25,298 1,283,730 1,162,744 12,130,277 16,859,829 3.718,447 100 100 o re cent sa les 20 20 897,399 46,291 ' 50 30 35 10 6 < 300.000 280,732 3.283,969 100 133 83,604 1,597,589 10 4 1,269,157 375,416 12.916,241 3,154,415 3,003,383 3.786,494 16 Flrzt Nat Bk & Tr Oo lecond Nat Bank... 200,000 340.000 1.000.000 150.000 alO Onion Bank & Tr Oo 150.000 Security Trust Oo... 590.000 13 , 262,689 245,000 250.000 j 702,321 19,657,258 135 H 10 I 45* 103" 100 100 100 300 215 225"" 100 355 365 70,959,794 1001 9,631,580 10°1 43,177.392 100 26,273,767 2X 2,689,443 100 5,608,019 100 17,828,780 100 1,658.734 100 10 17,447,776 1,452,504 100 260 270 120 126 50 Louisville— Citizens' Union N B. 1.000.000 2.000.000 1.000.000 525.000 First National Bank. 245 108 142 148,900 510,217 Liberty Natl Bk & Tr <1.800.000 Security Bank 300,000 Kentucky Title Tr Oo SI.000.000 Lincoln Bank & Tr._ 750.000 "54" 152 183" '176 3,146,877 1,740,246 2,665,976 395,266 148,885 1,120,481 O 689,010 136,605 ol,143,920 108.740 100,000 100,000 Fidelity & Oolum Tr. 50 300 Bank.. Louisville Trust Co United States Tr Oo 100.000 <1.965,000 2% SX 130 100 132 190 6X 24 28 67 292 Stock Yards Newport— American Nat Bank. Newport Nat Bank. ♦ Sale price. a 1,795.703 6,029,673 Pref. stock retirement price. c N o re cent sa les Citizens Union Fidelity unified certificates. 0 Affiliated with the g June 30. - 100 100 First National Bank of Louisville. Bancorporation. < Oommon and preferred stock or capital debentures 20 n 10 x Dec. 30. 1939. Ex-dividend. o March 26. 1940. 1250 5 Oct. 2, 1939. d New stock. 1939. h Member of Northwest 1 Last sale. 750,000 --- 248" 240 150 . J 159.994 19 517,500 150.000 Peop-Lib Bk & Tr Oo i Oo vlngtonTr&BkgOo i Oitlzens Bk & Tr Oo. Common 120 Class A preferred. Fountain Sq State Bk ....... 16 250.000 Preferred {100 10 489,854 125 90 100 Indianapolis— 1.000,000 I,455,705 38,076,358 ( 10 725,000 I 10 100.000 100 121,163 2,481,671 Indiana Nat Bank. 4,000.000 8,992,037 142.528,373 100 Live Stock Exch Bk i 200.000 100 201,935 1,301,246 Madison Ave St Bk 50,000 26,733 1,003,476 100 Marlon Oo State Bk. i 65,000 100 12,446 586,431 Merchants' Nat Bk. 1.250,000 2,388,117 36,418,868 100 People's State Bank. i 325.000 60,975 2,374,122 100 Bankers Trust Oo 500,000 380,844 3,483,626 100 Fidelity Trust Oo— i 282,000 143,785 4,839,179 100 Fletcher Trust Co— Common.. 1 500.000 II,233,480 38,438,537 Debentures 760.000 1 000.000 Indiana Trust Oo... 1,175,962 97,592,485 100 Security Trust Oo— i 399,200 100 76,205 4,370,848 Union Trust Oo 1,000,000 2,640,207 34,459,265 100 South BendAmerican Trust Oo. 347,000 93.096 3,391,372 500,000 City Nat Bk & Tr Oo 10 191,336 4,927,623 First Bank & Tr Oo. 600,000 100 492,969 11,035,854 Merchants Nat Bank 250,000 1 248,429 100 4,850,890 8t Joseph Bk & Tr Oo 200,000 136,185 5.363,743 100 Terra Haute— Merchants Nat Bk. Oommon 240,000 6,237,788 /1.00 Preferred 250.000 1100 Tsrre Haute First 175 200.000 4auk of Commerce.. Oommon share. 100 343,917 329,342 75,368 4,662,126 5,557,608 6,236,204 1,754,106 Oltliens'Nat Bank.. First Nat Bk & Tr Oo Lexington— American Nat Bank. Nat Bank— Oommon Preferred Per Covington— 100 Ft Wayne Nat Bank Oommon Preferred Dime Trust & Sav Bk Debentures a62^ 50 1,087,922 36,134 Fort WayneLincoln Nat Bk & Tr 250 225 100 110 160 110 125 33,375 260.550 k share. 225 200 160 100 1,328,152 1,318,230 100.000 200.000 Kansas State Bank.. National Banks 500.000 600.000 100 100 881,126 446,979 284,809 6.920 69,481 1.000.000 1.000.000 . . Oitlzens Tr & Sav Bk les Wichita— Nomi nal. Citizens' Nat Bank.. cent 1150 100.000 t National Banks o sa 100 2,253,520 2,815,161 51,020 0 100.000 1 100.000 50.000 200.000 600.000 Preferred Springfield- N re Topeka— 100 40 40 o cent les Leavenworth— . 470,092 12,378,031 f 10 I 10 2,990,528 100 1,322,286 100 6,804,011 100 5,215,182 100 168,066 260,391 29,306 0 275,000 Bk. Kockford— 200,000 244,000 N re sa 434.000 60 100 100 3,662,859 4,743,366 City— Illinois Natl Bk & Tr I les rec ent 75.000 g State St Bk & Tr Co. cent State Institutions KANSAS March' 26 65 6,256,216 979,867 703,069 1,552,177 o re sa 500 100 Biouz City— First National Bank Live Stock Nat Bank Toy Nat Bank Security Nat Bank.. 290 475 300.000 250.000 50 20 161,527 35,032 39,963 123,225 olOO" 880,955 Bank & Trust Oo: 28 11,124,409 26,373,450 15,755,745 126,049 a 25 \25 lewa-Des Moines Nat 855,044 1,131,071 1,701,900 200,000 \ 125,000 200,000 100,000 50,000 200,000 al00 Bankers Trust Oo— Rlvervtew State Peoples Bk of Quincy S'thSideBk of Quincy Preferred Peoples Savings Bk__ - City National Bank. 100 100.000 Debentures Mercantile Tr & S Bk Old National Bank— Oommon 100 Bluffs- Council 1,587,507 8,159,096 2,280,560 200,000 I 75,000 150,000 Ask 2,367,019 2,951,775 103,158 714,114 180,110 2.000,000 660.000 Common National Olty Bank. North Side Bank Bid Hutohinson— Quincy— B'dway Bk of Quincy 111 State Bk of Quincy Lamasco Par 77,123 82.723 125,000 200,000 600.000 South Side Tr& Sav B Franklin Bk & Tr Oo Gross Deposits Nomi nal. Per share. 100,000 300,000 100.000 Capital notes Co. Swedish-Am Nat Bk. March 26 % Burlington— Farmers & Merch S B Nat Bk of Burlington Cedar Rapids— Guar Bk & Tr Oo— Merchants Nat Bank Oommon 20 60 Surplus & Profits Capital United State Bank.. 100 500.000 1,5421853' 33,011,446 3.000.000 10,540,592 338,869,728 444,5071 300.000 9,995,197 Amalg Tr & Sav Bk. < Banco di Napoli Tr. Ohlc Olty Bk & Tr_. 300.000 11 20 60 200.000 . Pint Nat'l Bank Union Nat'l Bank Peoria— Cent Nat Bk & Tr Oo Oom Mer Nat Bk&Tr First National Bank. Jefferson Tr &Sav Bk Common 100 13,087)314 300.000 western 8t?*te Bank. Pullman Tr & Sav Bk (10 J10 397 175 Upper Ave Nat'l Bk. Uptown Natl Bank Northern Trust Oo An%X 50 d 77 203,836 486,291 445,134 1,208,240 491,706 81,794 11,556,278 396.224 472,397 383,265 State Institutions IOWA Ask Bid 20 6,918,750 7,029,498 7,700,796 9,688,904 3,918,448 9,301,438 5,481,801 27,223,455 12,506,601 1,230,621 268,636:905 296.000 March 26 5,668,815 130 6,709,927 100 120 265 22,445,806 100 250 130 17,620,539 100 120 130 7,287,377 100 120 90 100 3,560,932 100 112 11,525,636 100 107 20 22 27 7,270,656 110 125 12,318,618 100 11 12 15 3,705,050 215 17,361,176 100 200 130 145 9,195,616 100 42,579,800 5,094,822 ""is ""25"" "32" 50 70 65 10,060,841 100 140 150 6,975,353 180 22,483,257 100 170 85,904 296,030 74,858 101,786 418,987 National Banks 100 960,364 318,002 1,599,320 110,081 542,682 1,670,079 854,649 391,316 i Terminal Nat Bank. CJnlv St Bk of Ohlc__ i 13,150,242 28,494,897 141.578 500.000 State Bkof Clearing. 13,178,679 206,670 298,517 1,390,785 592,178 312,509 88,347 211,131 202,521 452,525 200.000 200.000 Mercantile Nat'l Bk. Merchants Nat Bk. 2,656,534 6,834,707 465,038 1,668,658 1,000.000 | Nomi nal. Per share. S 273,920 256.473 276.000 1 Rasper Am State Bb LaSalle Nat'l Bank.. I Lawndale Nat Bank Par Deposits $ Chicago (cona.) March 26 Gross Surplus & Profits Capital TRUST COMPANIES | Institutions Stat* ILLINOIS AND outstanding. National Banks March 26 Capital Ask Bid Par Deposits J10 10,569,628 J100 i 80 34.075,972 (100 1100 90 60,634,034 / 20 24 59,701.846 1.500,000 11,770,880 1.200.000 3,426,633 208.000 231,403 2.800.000 7.523.356 141,842,725 /20 25 150 300,000 240,000 j 768,910 300,000 200,000 | 602,996 11,543,961 1.000.000 500.000 1.500.000 1.200,000 Hibernia National Bk Common Preferred. - Nat Bk of Commerce Common Preferred. Louisiana SB & T Co Whitney Nat Bank. 2.101.355 1,713,383 1.000.000 1,333,513 Commercial Nat Bk. Confl-Am PATr Co 1.000,000 700.000 913,708 397,036 National Banks 500.000 "25" 35 100 100 100 140 - - - 115 110 Common I 452,920 20 6,332,426 300.000 493,514 4,097,858 728,049 13,274,028 500.000 250,000 100.000 400,000 217,468 6,649,295 517,644 5,700,457 701,125 b 3,612,007 909,615 b 9,614,015 First National Bank. Merchants Nat Bk_. 714.500 Safe share. 100 [e 657,551 J100 ilOO 1,000.000 National Bank 100 600.000 400.000 2,498,208 401,892 610,603,096 Lynn— Per 275,181 1,005,057 138,081 100.000 Lowell— Augusta— 1,000.000 200,000 7,809,751 Preferred 141.000 Hadley Falls Tr Co. dl .400.000 Lawrence— Bay StateMer Nat Bk 600.000 350.000 462,792 831,217 496,804 6,948,579 10,189,595 6,327,527 200.000 75,777 1,890,415 100 250.000 125,866 3.782,982 50 250.000 200.000 969,481 7,256,726 I 10 Mfr's.^Cent. Nat Bk d 9,764,433 7,853,700 254,871 311,000 Appleton Nat. BankUnion Old Lowell Nomi nal. 8,459,467 10,356,616 6,024.298 2,151,057 200.000 Common Preferred March 26 513,111 1,001,195 207,405 n 280.000 100 Park National Bank 80 175 740.409 2,859,720 2,189,347 3,437,069 302,500 Qlouc NatBk of Glou OHeuces S D & Tr Co 22 70 700,000 7,703,507 252,916 175,208 230,541 300.000 Safety Fund Nat Bk. Olouoester— Oape Ann Nat Bank. Holyoke Nat Bank— 20% 170 710.000 1,042,554 150.000 120.000 350" Holyoke— 25 First Nat Granite Bk d 327.157 7,941,273 9,065,896 3,811,836 n Haverhill— 20 Depositors' Trust Co 297,498 615,608 800.000 Haverhill Nat Bank. Merrimack Nat Bank Institutions 8tate maine March 26 95 20 32,546,178 22,704,185 9,729,439 427,500 Fitchburg— 160 \20 8hreveport— First National Bank. 400.000 B.M.C. Durfee Trust Fall River Trust iio Amer Bk & Trust Co Common share. Fall River Nat Bank 20 Common Preferred Louisiana Nat Bank Common Preferred New Orleans- Ask nal. Fall River- share. Per Bid Par Deposits $ Nomi nal. Baton RougeCity National Bank Cross Surplus & Profits Oross Surplus & Profits Capital 105 companies i "f£L2t massachusetts sta"iTTn' Institutions State louisiana March 26 trust and banks June, 1940] 37 25 Essex Trust Co Lynn S Dep & Tr Co Security Trust Co 38 New Bedford— Bangor— Merchants' Nat Bk. Common Preferred 100 N o re Eastern Tr & Bkg Co Merrill Trust Co— 20 sa les 1 20 Peabody— Warren Nat Bank.. Salem PortlandCanal National Bank 600.000 Casco Bk & Tr Co First Portland NatBk 1.000,000 Nat Bk of Commerce 400.000 200.000 e 515,667 213,204 978,201 374,516 500.000 cent 12,959,806 f Deposit Nat Bk 100 100 21 105 25 25 38 41 Common. 20 8,923,384 4,388,060 17,391,058 7,466,570 38 41 Preferred-- 24 34 — Merchants Nat Bank Naumke&g Tr Co— i 10 SpringfieldNational Banks Stau maryland March 26 Institutions Dec. nal. Baltimore- share. Bait Oomm'l Bank.. 383,215 500.000 960,456 Springfield Nat Bank dl .800.000 1.500.000 3,298,858 1.000.000 nl ,459,301 Springfield S I) & Tr. Union Trust Co 1 000.OOf 1,933,429 West Springfield Tr 201,104 194.250 6,445,499 Taunton Baltimore Nat Bank 600.000 11,248,740 41,567,694 Preferred 800,000 Calvert Bank i 533,688 11,030,424 370,000 Canton Nat Bank. i 196,815 4,051,280 250,000 Oarrollton Bk of Bait 257,124 1,803,876 80.000 First National Bank. 7,523,116 218,710,519 4.000,000 Nat Cent Bk of Bait. 536,546 400,000 7,294,035 Nat Marine Bank.. 811,044 5.971,921 600.000 Western Nat Bank.. 624,718 750,000 13,961,953 Colonial Trust Co... 142,963 400,000 2,422,701 1,356,339 42,455,173 2,000,000 Equitable Trust Co. 1.000.000 1,141,087 20,092.774 Fidelity Trust Co.. Maryland Trust Co Common 1,000,000 lnl760814 42,331,847 1,500,000 Capital notes Mercantile Tr Co... 1,500.000 3,902,919 27,273,719 Real Estate Tr Co.. 600,000 275,616 1,578,948 Safe Dep & Trust Co 2,000.000 4,215,255 46,055,446 Union Trust Co 3,000.000 n2,083,979 50,080,336 120 90 50 .. 100 _ Mechanics Nat Bank 2 10 49 100 80 30 50 31 f.10 50 100 100 10 50 d 201,911 300.000 Worcester Co Common Capital notes Second Nat Bank 500.00U 150.000 291,000 Common Frederick— 1,500,000 17" 15 65 70 14 6% 16 *240" 255" 65 395 405" 7 8% National Banks 125.000 Nomi nal. Per Bay CityBay City Bank Natl bk of Bay City People's Commercial & Savings Bank—. 85,035 362,503 400.000 7,332,829 974,684 542,933 100.000 Common.. Preferred Fr'k Town Sav Inst. West Maryland Tr.. 20 N 0 100 re 500,000 n cent sa les 50 93 98 20 41 43 50 100 110 Common 8.250,000 114530391 496,707,907 1 10 31 33 Preferred 9,211,875 1 25 Preferred - Mfre National Bank- 20 m mtm Nat Bank of Detroit- 4,217,435 {15 Common 100 4,928,456 5.263,829 Preferred 25 127,762 150,000 1.852,178 Wabeek State Bank. Bankers Trust Co 115 115 4,144,995 1,602,689 100 10 40,000 f J 200.000 Hagerstown Trust Co 150.000 129,837 359,486 268,504 91.596 Preferred 81,134 — Preferred 2.000,000 400,000 Un Guardian Tr On. 10 500,000 Wayne Oakland Bk_ 100 Geneasee Co 8avs Bk massachusetts Nat Bank of Flint— Nomi nal. Per Web & Atlas N Bk Boston 8 Dep & Tr_ 1.000.000 2.000.000 Columbia Trust Co.. Day Trust Co 100.000 d 1,250.000 500.000 New Eng Trust Co.. 1.000,000 Old Colony Trust Co *5.000.000 Pilgrim Trust Co 400,000 3.890.000 700,000 Convertible pref_. Wlnthrop Trust Co.. Beverly— * Beverly Nat Bank. Jn1487945 300.000 Beverly Trust Co. 728,918 4,087,548 234,599 1,777,792 692,330 3,403,378 tt5,226,364 547,385 n7,326,694 100.000 450.000 100.000 n 146,260 50 15,351,451 41,486,752 2,440,615 15,554,397 2,262,704 38,919,846 140 40 45 50 _ Peoples Nat Bank-.-. Old J.. -- ----- "ll" 13 1,572,880 f g 10 3 10 4 5 ( 20 41 43 n g 20 25 4 - - - 100 4,776,811 4,530,173 1,000.000 250,000 i 400,000 899,298 392,131 77,511 436,378 250.000 700,000 400,000 113,074 711,275 647,401 1,891,447 9,585,551 9,527,337 \n2479397 47,831,384 n 445,008 n 752,550 g 3,707,684 2,791,045 n 342,420 2,687.742 Preferred Union Bank of Mich '195" 305 320 I 10 9 11 12 14 n 357,000 4,111,994 1,713,214 100 100 502,134 562,872 8,245,994 6,970,053 20 37 682,275 b 7,053,466 540,352 4,707,929 1.636,170 522,365,578 100 10 20 18 20 20 10 12 31 - - m mm 18 22 10 - 15 19 10 --- 24 26 22 25 20 12 14 7,124,587 20 30 29,359,924 100 I «. _ Sale 35 1215 Stock has to be offered to board of directors. price. savings deposits. b Includes c 200 e 160 28 — 10 ♦ Retirement price. d Common and preferred stock or 304,550 107,015 24 50 ) a / 30 J 1.000.000 1,125,000 250,000 1.200.00U 1.250.000 Tr. Co. 100 29 20 s Baginaw— 100 20 20 22,791,265 9,592,973 3,074,527 6,338,724 Kent Bank— Common. Saginaw Nat'l Bank- d Second Nat Bank A *10 100 10 20 - . Grand Rapids— Central Rank First Nat Bk & Tr Co d Michigan Trust Co. 50 a400 I 2,683,311 130 50 9,337,959 91,722,179 12,829,684 share. 39 % 39% 390 395 60 66 20 % 21% 100 a295 100 None - Flint— Merch & Mech Bank Boston— 10 «• 10 1 687,401 148,412 300,000 10 First National Bank- 27.812.500 53,624.941 726,387,290 12% Merchants' Nat Bk. 3,000,000 5.710.016 113,291,603 100 Nat Rock Bk of Bos 1,500.000 3.156.017 33,793,868 20 Nat Shawmut Bank. 10.000.000 20,909,397 212,310,212 12% Second Nat Bank.. 2.000.000 6,151,100 101,770,101 25 — \n2231921 1713,049,306 Olt Com & 8avs Bk_ dl .000,000 NatiZlcnT 18 1 10 1 16,730,595 0 520.074 \ 309,660 1 226.340 J Common 10 1,929,394 6,279,229 4,060,184 2,144.120 23,481,447 Detroit Trust Co— Hagerstown— 90,000 367,000 750,000 11,250,000 500,000 1,200.000 n 473,693 500,000 n 455,709 Equitable Trust Co— Common Farmers & Merc Bk. Nicodemus Nat Bk_. Second Nat Bank Brooktoa 10.517,485 share. 100 2,160,001 ln4114479 163,961,159 J 1 3.570.000 3,000,000 5,472,849 153,004,585 Common 423,067 61,602 150,000 capital notes outstanding. Dec. 30, 1939. / Convertible pref. stock entitled In liquidation to $20 a share. — Brockton Nat 2,731.148 6,373,146 972,437 300,000 Detroit Bank— Frederick Co Nat Bk Common 30 TJnited Savings Bank 100.000 Farm & Mech N Bk State Street Tr Co.. U 8 Trust Co— Dec. Commonwealth Bank <73.600,000 n2.241,423 665,468,962 « Oltlsens" Nat Bank. Fiduciary TrustCo__ State Institutions MICHIGAN March 26 Detroit- 1,665,955 117,739 10 1,000,000 \n2508023 638,342,590 Class A- 34" Liberty Trust Co— Capital notes 100 46 12 Peoples Bank— 100,000 1 99.500 j 14,287,375 5,593,882 1235 45 25 Tr Co Common 6,029,015 89,416 178.374 392,000 1,143,577 282,374 248,467 600.000 Guaranty Bk & T Co Cumberland— First Nat Bank 2,407,518 4,527,361 100 344,662 200.001 800.000 Worcester- 50 10 * 20 25 100 25 — Machinists' Nat Bk. Bristol County Tr__. 10 Common 15,419,770 31,706,176 15,045,252 14,221,755 2.512,847 Talrd Nat B&T Oo_. 30 Bank. Home Nat Bank 500,000 500.000 g 50 i Cambridge— Cambridge Trust Co County Bk & Tr Oo. Harvard Trust Co 160.000 300.000 1.000.000 t 20 Sverett— Middlesex Co Nat Bk Trust balances. Dec. 31. 20% 76 80 818,781 10,092,333 10 k Units n March 26, 1940 Conversion of the Saginaw State Bank, Saginaw, Mich., to National Bank became effective May 31, 1940. t Affiliate 600.000 1938. I Last Sal*. s x of First National Ex-dividend. Bank of Boston. the Saginaw 106 AND BANKS National Banks MINNESOTA March 26 Capital State Institutions March 26 Par Deposits Oily National Bank k Duluth Natl Bk 150,000 First A Amer Nat Bk 2,000.000 1,364,797 Ask 1,000,000 100,000 100.000 Western Nat Bank.. k Minneapolis— o Flrst NatBkATr Go Hennepin State Bank Marquette Nat Bank Midland NatBk A Tr Minnehaha Nat Bk. 100 943,097 66*3 les 100 100 129,694 2,511,074 6100 39,778 1,951,682 e— 46,519 1,920,122 el 00 9,374,427 148,868,278 6 20 982,818 100 32,330 320,533 6,237,898 100 621,586 17,898,133 el 00 55.104 2,058,160 6100 Blooming'n-Lake NB b Central Nat Bank... Fifth No'west'n N B. 6,993,805 12,569,861 1,148,560 257,376 498,010 54,560 23,323 400,000 of Duluth 100,000 k 140,000 e 100,000 56,000,000 b 100,000 k 355,000 k 947,775 b 100,000 30 - Cross Par Deposits Bid $ Ask Per share. 100 120 20 30 32 100 70 80 20 6 100 215,966 4,354,747 924,324 16,735,546 c 433,814 9,238,326 11,604 3,095,002 40,841 3,564,891 400.000 270,680 5,970,666 Llndell Trust Oo Merc Coin BAT Co- 10,000,000 c7,017,109 184,773,777 Mercantile-Com¬ 358,814 6,376,056 350,000 merce Nat'l Bank. 6.000,000 3,243,605 105,737,648 Miss Val Trust Co.. k 39,579 3,113,912 241,559 c Meund City Tr Oo 312,337 4,360,979 North St Louis Tr Oo 300,000 229,985 2,973,944 100,000 WebsterGroves Tr__ 50 Minnesota Nat Bank ■i. St. Louis (Concl.) 500.000 Telegraphers Nat Bk 1,000.000 Tower Gr Bk A TrCo 1,000.000 United Bk A Tr Co.. 496,492 Chippewa Trust Co. it 250,000 ■aston-Taylor Tr Oo k 100 cent Northern Nat Bank. Pioneer Nat Bank Surplus & Profits Dec. Nomi nal. 100 100 State Institutions MISSOURI Capital Nom inal. Per share. 950,373 7,565,459 1,961,700 30,834,169 43,324 346.715 90,000 100,000 i National Banks ! March 26 Bid $ Duluth— 600.000 COMPANIES Cross Surplus & Profits Bank of Oomm A Say TKUST 85 20 ;• 36 100 105 100 110 3 n 25 3Y 24 100 25 20 27 100 26 175 8prmgfield— Oltisens'Bank k Union Nat Bank k 17,063 458,570 70,259 290,000 589,500 139.500 Southern Missouri Tr k 100 2,762,107 11,099,466 2,319,158 100 N'western Nat B & T 5,000,000 14,581,113 131,089,157 /100 1,350,000 50,616 1,447,348 100,000 15,309 1,262,692 50.000 135.716 1,577,884 elOO 100,000 150,939 3,006,358 elOO 125,000 65,233 1,324,658 79,600 i Common 2d N'west'n 8 e I™ Preferred Produce State Bank. State— Third N'west'n N Bk 4th Northwest Nat'l. University State Bk. Rochester— First National Bank- a 200,000 Union Nat Bank k 125,000 St. Paul— American Nat Bank- tl .682,000 454,353 75,496 250,000 Nomi nal. No re 256,937 100,000 1 130,000 First Trust Co. Per cent sa les 28,969,174 100 5,171,484 100 2,104,509 100 142,368,796 glOO e* 9% 2,364,400 100 8,524,224 100 6,371,321 elOO 335,227 786,494 41,008 622,378 100 12.420,643 100 1,421,952 14,121,320 g— 600,000 289,679 10,236,132 glOO 250,000 190,000 j 250,460 160,000 100.000 i Sec Tr A Says Bank. N First National Bank. Miners Nat Bk Metals Bk & Tr Oo. 10 0 First Nat Bk A Tr Co Common $ 5,238,129 1100 1 Banks 642,659 100,000 50,000 18,348 636,021 510,348 731,400 297,000 Depos Gu Bk & TrOo Jackson-State N Bk. Meridian— Oltisens Nat Bank.. 253,200 320,000 238.000 First National Bank. Mer A Farmers Bank 10,281,647 1,019,876 13,754,362 8,361,438 3,320,405 3,138,328 4,507,727 147,225 235,441 c 123,329 Common M 10 — — — — 293,722 j 500,000 300.000 175 100 160 150 165 100 225 250 80 68 50 623^ 552,620 888,497 22,765,940 12,753,870 1,500,000 500,000 1,273,099 765,496 29,467,721 14,959,790 Live Stock Nat Bank 65 1,800.000 12.087,265 500.000 Common 70 alOO 20 38 100 160 49,817.822 (100 U00 150 40 h Omaha Nat Bank— 85 50 Preferred 160 Packers' Nat Bank: Common 8 2,838,900 (100 121,000 I 79,000 50,000 South Omaha Say Bk 74,394 53,777 924,201 25 400,000 I 170.000 Preferred 1140 ------ 100 350,000 Omaha— First Nat Bank 175 100 (100 \100 1,000,000 m 190 5,604,947 5,391,416 302,500' 12,055,163 Nat. Bk of Commerce 100 100 239.409 First National Bank. — — 15 12^ 350,000 I 284,000 « Preferred 75 65 (30 |40 Per share. Lincoln- FIcksburg— First Nat ATrOo— Mercb NatBkATr Co March 26 Continental NatBk— share. Capital National Bk300,000 \ Institutions State NEBRASKA Nomi nal. Per Oommerc'l BkATrGo (100 State Institutions Dec. 30 Nomi nal. Pp ofoppaHl 7,975,078 1100 glOO 512,214 Jackson Oommon 168 100 MISSISSIPPI March 26 cent Union Bk A Tr Co- March 26 National Banks 0 re sa Helena— National ) | share 4,875,586 glOO 100 3,303,383 100 3,594,369 200,000 Preferred- gl .000.000 200,680 187,710 240,881 300,000 100,000 600.000 Midland Nat Bank.. g Montana Nat Bank. Midway Nat Bank— Preferred March 26 Butte— 1,120,744 First National Bank. (76.000,000 7,292,665 115,900 First State Bank g 100,000 i 268,610 EmpireNatBkATrCo ek 455,000 Common State Institutions MONTANA Billings— 5,803,959 glOO 2,094,871 100 159,971 77,415 Commercial State Bk jfc 150,000 i Drov ExchState Bank ok 200,000 Stock Yards Nat Bk. * National Banks March 26 253,364 8,007,680 (100 1.191,068 27,804,669 1100 Stock Yards Nat Bk National Banks March 26 MISSOURI Common State Institutions e Preferred March, 26 U S Nat Bank - el. 100.000 1100 100 Nomi nal. Kansas City— Per Baltimore Bank Commerce Trust Co Oemmunlty State Bk First National Bank. Inter-State Nat Bank Linwood State Bank. Merchants Bank Merc Home Bk & Tr 200,000 192.000 Capital notes Missouri Bk & Tr Co Common 9,619.197 J Preferred Park National Bank. Plaza Bank of Oomm 100 100 100 100 100 295 100 200 I Reno— Produce Exch Bank. 100,000 i Southeast State Bk.. South Side Bank— 100.000 i 69,989 43,166 109,209 109,021 57,555 600,000 100,000 Security National Bk ; 170 Nomi nal. Per share 100 32,800,900 1,181,8741 — 100 — — 100' NEW HAMPSHIRE 'S^a^A^Sch^26^0^, Nomi nal. Per share 130 Manchester— — Amoskeag Nat Bank — — — — m '95 "95 200.000 Manchester Nat Bk. 150,000 200.000 Merchants Nat Bank 110 65 50 293,293 616,435 J100 1100 8,287,804 100 550,000 174,011 8,807,294 62 X 50 1,000,000 1 1,000.000 758,506 J iO 9 10 Union Av Bk of Com 100,000 University Bank West port Ave Bank. Jt. Joseph— 136,287 26,609 202,669 150 95 150 200.000 200,000 600,000 100.00C 250,000 200.000 200,000 129.000 N 0 100 re cent 100 sa les 5,556,088 2,800.807 3.337,827 100 6,282,569 6,060,018 7,073,048 100 280 200,000 558,802 632,085 592,394 100 135 100 80 300 140 105 100,000 i 957,209 620,062 282,054 Nashua— indlan Head Nat Bk Common 1,413,384 20,302 225 1,618,972 /100 115 \ioo 1,930,726 100 3,239,520 100 "120 2,461,598 100 1,418,327 1 1 First Nat Bk of Nev. d 325 135 100 NEVADA March 26 380 78 85 137 H 147^ 70 90 450 475 100 March 110,000 90,000 50,000 200,000 i ...... National Banks 120 100 6,216,302 72,566 5,165,436 1,543,217 share. 360 361,698 169,006 Common 110 100 89,434 216,569 79,197 2,115,680 500,000 6,000,000 100,000 2.000,000 500.000 100,000 200,000 ■ 100 2,389,194 33,197,081 7,017,849 187,938,767 1,354,095 133,091,273 24,940,672 1,695,349 3,366,020 100,000 600.000 City Nat Bk & Tr Co Oelumbla Nat Bank. 50,000 H Preferred 50.000 400.000 Stock Yards Nat Bk. Traders' Gate 25,962 - "265" — - Nashua Trust Oo — — 225 Preferred i 100,000 i American Nat Bank. Burnes Nat Bank First National Bank. First Trust Co FirstStJoaSt'kYdsBk Tootle-Lacy Nat Bk. Mmplre Trust Co Missouri Vail Tr Co. St. Louis— , 27,708,326 107,500 1 92.500 ...... Baden Bank 1,078,482 100 1,147,787 2,309,956 100 238,266 277,208 461,135 163,610 101,011 287,526 133,123 97,396 8,084,307 3,808,714 9.909.609 100 N 0 None 100 re cent Boardwalk Nat Bank sa les Guarantee BkATr Oo 102,853 2,485,760 4,152,556 8,248,933 2,637,324 1,107,452 100 National Preferred Manufacturers Bank A Trust Oo 600,000 Manchester Bank Mutual Bk A Tr Oo.- 500.000 500.000 No'western Nat Bk. — 88,984 3,498,762 169,980 7,049,663 79,214 s 100 South Side Nat Bk— NEW JERSEY State Institutions Dec. , I 200,000 350,000 590,428 267,541 290,657 460,540 155,896 749,572 100 Per 400,000 500,000 Common 100 Preferred f 20 4 100 75 29 20 105 105 100 100 17 20 flOO 721,123 268,721 10 419,000 i 400.000 82,140 248,918 690,000 k Share. 150 100 7,065,145 6,102,960 6 35^ 99 23^ 3Y 50c 75c 80 549.975 323,135 5,953,217 100 70 300,000 100,000 180,472 115,730 3,036,607 1,014,083 10 6 8 5 3 3H 200,000 400.000 33,995 419,320 2,007,413 9,813,314 Asbury Park A Ocean — -- 32 — — — Grove Bank Seacoast Trust Oo — — ----- 36^ Bayoane— Broadway Nat Bk __ Bayonne Trust Oo__ * 50 100 75 100 75 _::: "20 Jc 86,794 Asbur y PkNatBk A Tr fc ' - 225,000 1.184,566 1,294,835 (100 1 10 Asbury Park— 15 Retirement price. * Sale pricew b First National Group. c _____ March 26, 1940. d Owned by the Transamerica Corp.. San 1,643,881 /100 1100 12,542,298 6,581,371 11,330,981 7.174,787 4,129,033 14,827,379 30 Equitable Trust Co— Francisco. Calif, Member of Northwest Bancorporation. / Last sale. gMember First Bank Stock Corp. h Common capital of the Omaha National Bank, Omaha, Neb., in¬ creased May 22, 1940 from $1,500,000 to $1,800,000. i Dec. 30, 1939. k Preferred stock and common stock or capital debentures outstanding, n Price applicable to 100,000 shares of beneficial Interest, which in turn represent 3,500 shares of $100 par stock of the Mercantile-Commerce National Bank of St. Louis, Mo., held by the trustees. o American National Bank of St. Paul affiliate. s Member of the Guardian Detroit Union Group Inc., Detroit, Mich. e al56 16 20 15 100 50 85 38 20 20 20 20 22 25 30 32 100 50 20 19 Oommerc'l A Savs Bank Banks ^ Sec Nat Bk SavsATr Southern les Nomi nal. Lemay Ferry Bk A Tr 50,000 It 50,000 cent sa Atlantic City— a ... re 100 100 \20 J 200,000 100,000 580.000 100 1,472,380 March 26 Jefferson Bk A T Co- Common 3,111,455 100 2,753,153 Boatmen's Nat Bk— 60,812,042 Bremen Bk A Tr Oo. 5,529,811 Oass Bk A Tr Co 300.000 223,704 5,936,687 First Nat Bank 10.200.000 9.096,828 258,174,945 Industrial BkATrOo 750,000 i 677,800 14,426,010 Capital notes leff-Gravols Bank. 96,958 30,863 0 115 200,000 81,449 2.000,000 2,368,544 400,000 i 327,976 Plaza Bank (The) 250,000 75,000 New Qarno Nat Bk. Amer Exch Nat Bank Common N 100 200.000 Common Preferred Common Common "V" First National Bank. k Union Nat Bank— Preferred 600.000 Portsmouth— City Nat'l Bank 400.000 SecondNat of Nashua _____ 45 . AND BANKS •June, 1940] National Banks NEW JERSEY March 26 Surplus & Profits Capital National Banks State Institutions Dec. 30 Ask Bid Par State NEW YORK March 26 Capital Institutions Dec. 30 Gross Surplus & Profits Cross Deposits 107 COMPANIES TRUST Bid Par Deposits Per $ Brldgeton— 102,383 229,449 126,511 O&mden— FlrstOamNatB&TOo d2,150,000 1,055,663 Farm & Mer Nat Bk_ k Merchantville Nat'l Bank & Trust Oo. d 49,841 220.000 d2.734.7 50 ol,333,940 Camden Trust Co share. 35 50 $ Auburn- 2,288,053 5,090,299 1,671,470 100 20 8K 25,393,255 12k 1,449,216 36,198,742 482,308 164,050 400,000 600,000 <500,000 1,034,812 610,961 577,447 9,812,449 9,991,707 7,887,857 Nat Bank of Auburn Auburn Trust Oo d Binghamton— City National Bank. 3 10 3 Brooklyn—State 62,466 200.000 Bensonhurst Nat Bk d Citizens Bk of Bklyn Flatbush Nat Bank. 3,279,835 33 k Klngsboro Nat Bank Lafayette Nat Bank. People's Nat Bank.. Brooklyn Trust Co— Bav Inv & Trust Oo: Common Preferred 311,765 95,600 18.784,703 769.165 K I 1 Elizabeth— ■llxabethport BkgCo 400.000 d 380,745 294,837 National State Bank dl,278,000 Central Home Tr Co d 500.000 Elizabeth Trust Oo__ d 642,456 / Union County Tr Oo dl.114,345 20 2,912,977 82,222 500.000 _ "15" 1,478,919 93,811 n 500.000 3K 2K 65 60 36,397.514 f 25 North Bergen Tr Oo. 3 Elmira Bk & TrCo.. 3 Preferred A 10 Tompkins Oo Tr Co. 27 821,668 50 25 35 53.612,483 — 6K 10 — m, — 8 8K !$K "17K 10 x <32 t 11,860,506 16,367,473 5,167,096 9,526,371 4 60 100 12,964,835 S Vs 58 20 Jl,518,427 Common % 5 16 Debentures "B"_. 2,822,552 50 100 25 125 28,504 852,917 7,648,730 6,755,228 1.692,905 10,109,673 The First Nat Bank. 8,104,106 4,304,398 6,973,339 465,239 116,856 566,176 200,000 600.000 Onion Nat Bk&TrOo Farmers' Trust Co.. o 3,064,667 1,563,786 50 200.000 100,000 440,891 875,609 1,858,129 1,186,121 4,240,369 6,657,557 1,224,806 10,186,415 7,203,688 1,251,452 100 25 49,047,999 27,284,497 3,477,232 2,038,608 37,417,370 161,445,838 18,946,384 3,313,787 4,953,951 10,736,547 100 49,618 395,964 53,437 600,000 884 000 122.837 National State Bank Clinton Trust Oo d Columbus Trust Co. Federal Trust Oo 1,761,870 2,233,416 60,437 500.000 526.980 304,000 1.622.500 99,164 c 1,209,091 d7,000.000 08,644,390 Merch & Newark Tr. 2.500,000 o1,677,790 Union National Bk d336,300 154,557 United States Tr Oo. 600.000 o 579,905 West Side Trust Oo. 1.022,425 0 262,400 Fidelity Un Tr Oo . New Brunswick Nat'l Bank of N J... d 860,000 Peoples Nat Bk 300,000 15 1 392,636 498,986 1 150 81 50 IK IK 8 45 2K 2K 132,077 2,150,440 275,956 10 8 23 6K 5K 24 20 18K 25 50 "18'" "20" 25 b 10 8 N o re cent les 25 I 10 r30 10 100 Nat Bk of W N Y— Common Preferred 100,000 42.750 Jn 33,079 50 \ 50 r50 100.000 Liberty National Bk Guttenberg Com-Mer Tr Un City Gutfb'g Bk & Tr Oo i 1,000,000 400.000 dl.995,000 145.000 Woodcliff Trust Co.. d 1,425,131 1,418,578 12,047,378 4,337,439 8,994,531 26,958,228 1,516,929 10 2 100 175 10 7 10 25 2 3 30 2,585,796 1.000.000 o 420,508 169,544 64,184 637,060 58,010 32 32,480,648 12K 5,892,528 a 25 35 25 425,000 10U.000 Mid-Olty Trust Co.. d Plalnfield Trust Co.. dl,150,000 State Trust Oo d 247.500 o o o 5,465,823 1,275,884 16,486,783 4,182,720 100 N o 100 re cent 100 sa les Paterson— First National Bk— Common 680.000 I Preferred 500,000 Haledon Nat Bank.. d 97,000 Nat Un B k of A mer I ca d 290,000 Paterson Nat Bank.. 600,000 Second Nat Bank 1,500,000 607,572 14,767,853 43,827 1,538,488 898,728 1,196,429 Paterson Sav Inst... d2,000,000 6,577,884 60 100 1,536,034 2,619,560 14,623,082 17,740,000 28,232,950 528,349 58 /100 i '62,178 100,000 45,000 Preferred . "75" 100 "63" 70 12 20 50 50 28 30 25 25 26 . 50 1 600,000 594.000 128,587 600,000 Preferred 528,223 750,000 Preferred 200,000 654,561 2,868,217 200.000 52,260 89,861 1,500.000 .874,000 1,192.561 1,088,407 Trenton Trust Co... dl 6 rl2K 18 17,438,124 1100 \ 50 22 100 40 10 100 4 50 4K 15 18 2,222,775 300,000 311,700 745,000 National City Bank. 77.500.000 83,484,856 985,700 Yat8afetyBk& Tr Oo dl .014,300 Penn Exchange Bank 291,000 d475,000 Public Nat Bk&TrOo 7.000.000 10,066,092 Schroder Bkg Corp. 3,303,295 5.000.000 2,552,755 1.500.000 Sterling Nat B & T_. Trust 10 1 2 50 Woodbury Trust Co. loo.noft 570,433 447,566 262,262 3,041,586 3,310,531 1,475,653 1.500.000 400,000 March 26 NEW YORK State returns co 60 70 10 1,458,338 6,128,828 4,035,731 696,443 3,505,347 60,203,392 73,176,515 24,833,854 170 710 163 660 1605 100 1565 — - — 1 t 4,244,100 15,838,781 1,095,236 1,300,000 1 100 50 46 48 18 22 _. "20 "76K "79K 39K 41K 30 10 39 20 60 25 10 20 "lOK 12 41K 42K 8K "9K 100 10 25 10 100 100 220" 205 - - - - • — 244 239 100 106 10 _ "9k 10K 25 27 K 35K 28 K 50 30 X 52 3K 88 K 91K 100 32,998,440 144765 203 766.845,114 f _ 20 9,118,520 6,000,000 9,729,307 124,037,066 < Trust Oo 12,r>00,000 27,984,355 451,217,592 20 5 New York Pan American Tr Oo 600,000 157,900 Savings Banks Tr Co d29.997,000 6,107,900 Title Guar & Tr Co— Common 6,000,000 14,145,952 Debenture notes.. 6,844,968 Trade Rank & Tr Co. d 567,667 700,000 Trust Oo of Nor Am. d Underwriters Tr Oo. U 8 Trust Oo of N Y 306,800 700,000 1,144,292 1,000,000 2.000,000 28,837,687 25 25 4 200 22,419,084 0 12 8,874,697 8,183,800 17,748,833 "10 ioo 100 w _ 2X 13 11 _ 80 " 100 1470 90 1520 Jamaica. L. I.— Jamaica Nat Bank., d b Institutions Sale 3,688,000 339.400 f Marine price. Midland Corp. Only outstanding stock of People's Bank & Trust Oo. of Passaic. Includes Oct. 2, security Realty & Security Co. stock, 1939. March 29. 1939. / Reserves. h Preference B stock. i 250,000 1,500.000 2.000,000 First Trust Company dl ,970.000 100 100 & Co _ e March 26 Per Albany 27K "29" 85,749,685 8,297,900 11,076,800 Continental Bk&Tr. 4.000, 000 4,843,834 66,953,210 Corn Ex Bk & Tr Co 15.000, 000 19,663,534 338,316,537 55,400 380,700 500, 000 Corporation Trust Co Empire Trust Oo 3.500, 000 3,648,254 68,540,164 6,600 392,600 500, 000 Equitable Trust Co. Federatic n Bk&TrOo 11,175,080 1,407,371 825. 000 Fulton Tr'"t Oo 2.000, 000 2,867,393 26,813,917 15,721,246 Fiduciary T» ost Co.. 1,000, 000 2,349,367 90.000, 000 185154 462 2343234641 Guaranty Tr, st Co. Hellenic Bk & Tr Oo. 390,372 4,106,974 1.000, 000 Irving Trust Oo fiO.ftbo 000 53,205,500 671,952,300 j p Morgan & Co Inc 20,000 ,000 20,000,000 591,965,866 Schroder Trust Co.. 2,284,735 20,183,822 1.000, 000 1,951,500 Lawyers Tr Co. 2.000, 000 c Nomi nal. Nat Com Bk & Tr Co 15 13 K 42 13.55 100 039,097,099 120 100 "IIo 6,020,600 43 50 28 olO,155,900 22 K 24 2481178000 12K 12 10 018,909,000 12K 10 0 11K 9K 3,283,400 24 25K 140,982,000 17K 025,522,825 |<N 028,464,969 "25 "23" date. Mar. 26, 1940. 600.000 195,100 Nap Tr Oo. is $1 par pref. stock of the 10 50 Albany— Mech & Farmers Bk_ "330 " 355"" 10 0 d Common and preferred stock or capital debentures National Banks d 215. 662» City Bank Farmers' Trust Oo 10.000, 000 16,578,971 d Clinton Trust Oo 334,600 725, 000 Colonial Trust Co 470,000 1.000, 000 a Farm 100,000 200,000 be m ay an 100 100 2,000,000 12,251,534 107.267.002 Cent Han Bk&Tr Oo 21,000.000 73,015,066 1155591482 Chemical Bk & Tr Co 20.000.000 57,320,500 726,307,100 man * & Mechanics' National Bank 1940 record 25 50 20 45 100 Woodbury— First Nat Bk & Tr Oo rk City and Broo klyn Sec lion, pages 210,211,212 213, 214 Convertible pref.. 8,817,198 / 25 \121s 13,588,854 41,377,718 1,266,712 1,511,000 31,906,237 27,295,914 di ridend a 52,100 0 7,445,900 650,000 6.000.000 13,924,089 232,657,000 20.000.000 28,627,040 571,150,000 Merchants Bk of N.Y Nat Bronx Bank. d Common Trenton— Broad St Nat Bank. 977.500 Flrst-Mech Nat Bk. d3.123,000 banks, Marine Midi Tt Co.. 160 50 U 8 Trust Co- Common and date Mar 26 rofits are of State Mfrs Trust Oo: Citizens Trust Co— Common 100 . Prospect Pk Nat Bk Common cent les ty banks are repo rted net B'kof Montreal Tr Oo 639,000 267,900 1.000.000 10 Bankers Trust Oo 25.000.000 81,587,900 1176278600 Bronx County Tr Oo d2.642.500 234,500 23,887,300 New Brown Bros Harri- Passaic— Plalnfield Nat Bank. 0 100 807,415 0 7,613,659 1,000.000 Chase Nat Bank 100,270.000 153639738 2974806 000 Comm'l Nat Bk & Tr 7,000,000 8,570,558 116,956,000 Fifth Ave Bank 500,000 4,253,962 55,523.000 First National Bank? 10,000,000 108554 957 737,776,000 Bk of Athens Tr Oo. 20 Passaic N Bk&Tr Oo d2,000,000 Bank of New York Bk of the Manhat Co Bank of Yorktown.. Banco dl 100 285,973 160,394 359,100 1,113,898 24,732 lOO.OnO . 28,993 82,354 142,694 n ihoav" re sa 20 2,605,940 I Hamilton Nat Bank of Weehawken our "Ra Grace Nat Bk of N v 100 4,804,975 found in kmalg Bank of N Y. 16 10 10 ( North A West Hu dson— IstNat Bk of Un City d 289,283 150.000 10 100 510 19 25 20 <50 N 150.000 New York City— Deposits N ew York Ci are of May 29, 1940. Sur plus and p for National and Mar. 26, 1940,for of banks and trust companies in New Yo 60 55 100 25 h 12,017,583 6,846,915 471.273 Preferred 525,000 Co Nat'l sa New Brunsw TrCo— Common 200",000 250,000 Trust Kingston- "l25~ Nat Newark & Essex 3.000.000 350 100 15 First NBkof Rondout Ulster County Ohautauq Co Bk Union 110 10 50 Bank of Commerce of 150,000 300 15 100 149,035 108,392 537,602 524,347 861,937 284,154 471,245 Nat Newark— Newark Lincoln Nat Bank Franklin Waoh Tr Co Mt Prospect Nat Bk. r20 "Io5" 102K 100 400.000 200,000 500,000 3 2H 5 25 Bank of Kingston. Rondout Nat Bank. State of N Y Nat Bk 5,919 383.295 449,290 o 500.000 65 25 5 250,000 242,500 75,000 ... Debentures "A" 5 r 4 Kingston Trust Co.. 230.000 _ State Bank of — 42 JamestownBank of Jamestown— Morristown— First National Bank. National Iron Bank. American Trust Co. Morristown Trust Co Mt. Holly- Prospect Natl Bank. Security Nat Bank.. Trenton Banking Oo mm — — m mm 29 Leng Branch Bkg Co People's Bk & Tr Oo. Plainfleld— ----m 10 415,263 650,000 "5" 25 30 — Weehawken Tr Co Huds Tr Oo Un City. mm-m. - -mmmm 51,373,150 150.433 541,548 400.000 r30 100 \ Long Branch— Banking Co - mmmmmm 50 2,124,070 1,153,875 800,000 1,085,578 66.636.098 365,606 4 Trust Oo of N J— Common 100 100 158,528 2,178,123 7,952,417 97,380,004 6,750,714 166,378,787 - 600,000 4,000,000 . 100 100 68K "73K 1580 100 1500 2,200,000 13,103,223 94,251 100,000 3.400,000 03,442,543 21,678 100,000 1,250,000 1 1.500,000 _ 75 50 100 33 h 9,495,100 4" 2,500.000 Lincoln-E Side N Bk d 200.000 Mfrs & Trad Tr Co. 5,000,000 Marine Trust Co <8.500.000 Elmira— Chemung Can Tr Oo 800,000 Ithaca— First National Bank. Common Preferred Bergen Trust Oo Commercial Tr N J 550,000 Debentures 1 53.081.097 100 3,671,682 37 k 840,000 Common —— 10 225,000 — — 1940 26, _ — 3% Liberty Bk of Buffalo 3 1 ~l6 Jersey City—. First National Bank. 2,225.000 Franklin Nat Bank.. d 200.000 Hudson Co Nat Bk— 8.200,000 240.000 mmrnmmm 50 t Buffalo- 12 Hoboken— Seaboard Trust Co. 500.000 2 25 7,147,993 16,466,554 3,699,246 4,308,418 13,062,323 71,771 221,694 40,848 e 100 1940. 3,654,7_ 3,446,521 184,800 146,549 127,800 381,500 255,700 363,300 7,045,263 6,512,400 200.000 1250 100 Tru st Co. retur National banks Mar 26, IK 45 100 B ank & Kings Co Trust Co.. East Orange— Ampere Bank & TrCo 100 5,949.— 5,878,011 Marine Midl'd Tr Co 30 45 8 100 400.000 675.000 First National Bank. 243,100 574,000 248,000 Brldgeton Nat Bank. k Cumberland Nat Bk. k Ask Nomi nal Per share. Nomi nal. 100 share. 650 Controlled by k Dec. 31, Marine Midland 1938. I Last sale, 100 420 435 n 100 240 255 o 50 18 20 r Dec. 30, March 26, 1939. 1940. Preferred stock retirement price. Corp. outstanding. N. J. BANKS 108 National Banks March 26 NEW YORK Capital Surplus & Profits AND COMPANIES TRUST Stats Institutions March 26 National Banks NORTH DAKOTA March 26 Capital Gross Deposits Par Bid National Banks March 26 Gross Deposits Surplus <fc Profits Par Nom. ' Nomi nal. Per share. Rochester— Lincoln-Allia Bk&Tr Common 2,800,000 12,226,226 2,000.000 — 4% Conv.Preferred 79,003,576 ( 20 I 50 Ask Bid Ask 25 28 48 51 $ $ 175.000 50,000 Fargo— Dakota Nat Bank.. Fargo National Bk_. First Nat Bk & Tr Co Merch Nat Bk&TrOo 500.000 150,000 Per 2,442,583 1,896,885 6,860,174 3.868,998 168,842 111,183 237,931 228,349 100 100 N prices share. o 100 n re cent 25 sa les Central Trust Co— Common.. 400,000 I 750,000 — Capital notes Common. Union Trust Co: Common 3,000,000 11,139,713 800,000 Capital notes Schenectady— Mohawk Nat Bank— 16,807,154 I 10 47,406,719 10 20 65 200,000 1 253.590 .... | <30 10 10 100 5,824,864 7,538,521 7,454,606 15,635,531 Per — 945,791 633,883 23,856,824 10,630,501 20 29 33 20 24 28 I,313,989 48,130,384 3 Dime Savings Bank. First National Bank. 010 First Tr & Sav Bk._ 100 100 Geo. D. Harter Bank CincinnatiAtlas Nat Bank.... Olnn Bk 6c Tr Co— 200 Syracuse- Columbia Bk & 8 Co *lrst National Bank- 1,692,866 936,000 202,494 196,582 61,400.000 600.000 6 600.000 e 295.500 1.000.000 12,026,520 First Citizens Bk 6c T Preferred Oneida Nat Bk 6c Tr 29,041,310 \ 60 100 1,443,833 251,991 10,940,462 3.062,650 1,629,543 91,373,167 1,335,139 100 220,638 5,794 ,128 1,375,749 10,836 ,548 217,352 2,456 ,874 k 372,169 3,231 ,339 A3,572,803 47,356 ,476 1,146,641 20,505 ,488 k 8.437 .197 674,062 347.739 11,426 ,832 A2,459,142 76,410 ,494 A4,096.609 114,166 .721 100 90 100 100 220 50 55 240 65 400,000 200,000 183,350 e e 29,942,566 9 Bk & Tr Co. Lincoln Nat Bank.. e 500.000 e 500.000 222.000 People's Bk & Sv Co e 639,841 600.000 160.000 98,666 396,000 6 29 12 17 Second Nat Bank... 9e Ohio S Bk 6c Tr Co .40 .60 060 170,085 210,000 99.600 Common 581,455 10,655,669 147,386 198,747 N o re 35 cent lea | <25 600.000 Fleetwood Bk (The). 6 267,500 Mt. Vernon Tr Co... 61,050,000 728,435 152,402 984,521 100,564 379,454 36,542 543,680 200.000 350,000 234,095 117,414 1,770,639 2,608,494 280 80 10 6 9 100 100 137 141 310 90 135 5,712,032 384,448 300,000 e 100 10 '"27^ "29"" 100 145 100 125 10 155 150 m 100 82 100 J>H 74 100 230 78 86 90 14 6X "40" J* 024 70 "22 k 100 72 100 76 100 24 X 12 80 18* Columbus— 6 s e New Rochelle Tr 500.000 Cleveland Trust Co Common 13.800,000 1A6211 499 371,521.76 CaDital notes 13.300,000 Union Bk of Comm. e5,000.000 A3,045,031 34,209,863 Union 8av & L Co 900.000 3,089,059 321,075 175 100 100 2,213,456 4,546,282 1,674,342 15,030,442 9 100 11,519,512 3,014,456 6,189,857 115,000 300.000 595,526 el ,600,000 20 3,558,144 4,373,819 100 5,000,000 11,317,404 137,820.388 r 20 I 16 7.680.000 2,411,320 100 601,226 250.000 100 7.308,387 755,570 400,000 Equity Sav & L'n Co 60 148,193 5,727,224 Lorain Street Bank. e 477.000 k 20 9.000.000 5,099.290 179,416,803 National City Bank. 100 190.000 774,933 North Amer Bk Co. e 53,064 1,435,437 The Bank of Cleve.. 80,990 100,000 Bronxville— 200,000 350,000 145 50 100 Common Preferred Clev 8av 6c Loan Co. \ 40 500,000 160.000 Capital notes Westchester Co— ... les Central Nat Bank— 20 3,995,194 i 525,000 1.800.000 1.000.000 Western Bk 6c Tr Co el. 185.000 5.000.000 Central Trust Co... Ftfth-Third-Un Trust e6,700,000 Cleveland— Amer Sav's Bank— sa Common.. Preferred Northern N Y Tr Co 250,000 Prov 8 Bk & Tr Co. 5 10,559,798 I 20 1 25 4,908,960 — 4 Watertown— First Nat Pruk Huguenot Tr Co re cent sa 100 Park — 27 {2ft 155,605 7,784,806 275,768 6.000.000 5 10 21,794,636 i 25 25 13,053,223 6,259,398 16*i 50 4,259,646 990,000 Common Preferred New Hochelle— Central Nat Bank o 2,524,217 19,251,550 4,176,635 11,683,150 Guardian Bk & S Co. Utica— Gramatan Nat Bk & Tr Co Bronxville Tr Co Mount Vernon— First National Bank. N , 323.011 300,000 980.000 1,301,424 228,467 445.825 k 849,689 500.000 k e e Nerthslde Bk & Tr Co Capital notes Troy— Jefferson Co Nat Bk Watertown Nat Bk— share 100 5 100 3X Nerweod-Hyde 1,000,000 II,169,976 1,400.000 Common Troy Trust Co 18,322,398 29,264,802 5,251,932 16,668,495 IX Syracuse Trust Co.. 110 32 22 1 2 1 CItyiNat Bk&Tr Co IX X slH 29 20 Brunson Bk & Tr Co 10 10 20 Ossining— Columbus Saving Bk Fifth Ave Sav Bk Co Huntington Nat Bk. 250,000 1,600.000 100,000 b 200,000 e3.000.000 200.000 100.000 Market Exch Bk Co. Northern 'Sav Bk Ohio National Bk 54.000.000 31,914 2,019,375 163,547 154,845 2,718,375 261,755 110,964 3,601,017 3,212 .608 100 21 10 30,623 .506 100 1,898 ,198 100 2,851 ,254 100 "175 56,777 ,223 100 60 4,238 .390 100 190 1,620 .147 73,417 ,946 b 20 22k ..... 180 70 220 Dayton— First Nat & Tr Co. « . Ossining Trust Co... 20 100 Merch N B & T Co- "50" ~ 70 Peekskill— Common Preferred Vfestches Co Nat: Common 36,372 1,687,465 4,325,805 { 50 30,000 Common Preferred 100,000 500.000 Preferred i 12 10 Mt Pleas Bk & Tr Co Port Chester— 300.000 45,300 2,053,900 12 X 413,065 176,250 45,026 66,498 5.186,695 2,736,144 15 10 6 500,000 190.000 51,276 116,468 5,281,811 1,952,791 50 8 12 200,000 84,956 2,261,377 100 60 65 3 8 Ctfs Tr White Plains— Citizens Bank 100 8 5,438,436 ( 25 20 1 7,594,521 204.658 p 200,000 I 150,000 580,000 94 {100 \ 60 — * of « t Ben Fund t 34 38 36 53 33'1 ll" 50 20 50 55 10 J 50 "25 9X "12" 150 100 Own 23 C-2.._ Common 750,000 1.212,500 Capital notes... 121 847 "25 "29 25 177,981 ^1 39,659,599 1.000.000 300.000 25 92,000 ... County Trust Co... 865,892 97 (100 City Tr & Sav Bk— 12 e Peoples N B & T Co: 17,293,375 18,910,895 945,121 3,022,117 369,653 Ohio Citizens Tr Co. e 600 000 A 849.548 14,615,083 Toledo Trust Co.... 5.000.000 A3,056,361 104,113,706 foungstownDgllar Sav & Tr Co— Common.. 14,200,015 1,250,000 IA 685,120 Capital notes 1.200.000 14,474.970 Mahoning Nat Bank el.586.000 619.168 Union Nat Bank. 20.697.240 1.250.000 1,995,171 Commerce-Guard Bk Spitzer-R T & S Bk. 6 1st Nat Bk & Tr Co. Mutual Trust Co ... 7.476,056 829.054 Toledo— Pleasantville— Bye— Rye National Bank.. Rye Trust Co Tarrytown— Tarrytown N Bk & Tr 368,140 ... Preferred Third NB&Tr CoWinters NB&TrCo { 50 1 50 505,976 170.000 ._ 200,000 1 205,000 750,000 1,500,000 1 750.000 Common Peekskill N B & T Co Common Preferred... Nomi nal. 484,685 200.000 1 480.000 Capital notes First-Central Tr. Co. el ,050,000 M,448,153 118,064 100,000 Goodyear State Bk__ 600,000 k 823,333 Firestone Pk Tr&S B Common 285,302 300,000 750.000 Schenectady Tr Co.. Bank 30 Akron— Dime Savings Bk Co 900 356,075 524,234 1,485,517 400,000 Lincoln Nat B & TOo 1,200,000 Merch Nat B 6c T Co 760.000 First Trust & Dep Co Common e3,987,948 Manufactur Nat Bk. National City Bank. Institutions Dec. 75 700 1100 State OHIO March 26 6 Canton— Preferred Union National Bank Citizens Trust Co— Union Nat National Banks ..... 25 17,574,778 32,189,091 34,845,987 8 10 \ 300,000 12,562,784 200.000 .... Capital notes..... Common 894,096 529,426 3,161,971 Genesee Vail Tr Co.. 62,150,000 Roch Trust 6c S D Co 1.000.000 Security Trust Co— 14,239,667 20 30" "25" National Banks March 26 7,453,728 186,906 State OKLAHOMA 25 5 5X Institutions March 26 Yonkers— 350,000 ... 674,760 6,375,231 10 22 26 Guthrie— First National Bank. 300.000 Central Nat Bank First National Bank in Yonkers Yonkers Nat Bank & 887,178 9,999,691 10 18 22 First State Nomi nal. Common.. 150,000 1/ 306,465 Preferred 700,000 8,940,167 Nat Bk of McAlester First Nat Bk of McA 10 h. 20- 100.000 NQRTH CAROLINA March Aiheville— First Nat Bk & Tr__ 20°m 20 500,000 300,000 1.200.000 530,799 719,870 2,975,650 13,849,513 7,467,410 77.499,503 100 207 100 100 285 295 300 150,000 / 69,402 500,000 1,168,688 200,000 190,473 300,000 402,112 100,000 / 115,453 214,000 / 48,198 1,626,873 13,585,564 2,164,696 6,845,122 2,206,159 1,016,514 100 25 70 80 72 80 20 19 21X Charlotte— e Home Savings Bank. Mech & Farmers BkQreensboro— Guilford Nat Bank- e - 25 "46" "45" 25 30 282,944 486,680 4,903,862 15,111,982 10 se 780,000 1.724,022 19,909,433 25 70 e 100,000 300,000 178,974 770,718 3.172,085 6,778,400 25 10 30 35 30 35 10 "15"" Wilmington 74 - People's Sav Bk 6c Tr Wllm Sav 6c Tr Co.. Preferred Nat Bk of Wilson Winston-Salom— City National Bank. 400,000 11,144,409 100,000 100,000 246,630 200,000 First National Bank. 200.000 Wachovia Bk & Tr_. *4.275.000 100 100 125 150 100 125 150 5.000.000 6,538,530 57,276,057 6,768,904 20,665,677 1,650.055 15,023,228 1,142,542 100 150 200 10 50 23 50 75 100 180 210 100 100 125 100 110 200 100 100 125 32 100.000 Tradesmen's Nat Bk Stock Yards Bank... Tulsa— .100.000 60.000 348,692 4,310,076 283,380 1,050.829 53,954 472,709 21,957 First Nat Bk&Tr Co Fourth Nat Bank— Common 2.000.000 3,284,678 54,535,935 20 20,381,208 {100 \160 2,958,618 158,246 2,042,870 128,888 4,208,174 3.108,557 108,616.275 250 ----- •275 0160 25 10 d 10 100 les 125.000 364,588 6,609,342 20 25 175,000 350.000 97,594 4,787,679 3,446,035 66,269.351 10 16,405 356.898 100 125 29 Fidelity Nat Bank.. 5)0.000 Liberty Nat Bank.. el.200,000 Preferred Nat Bk of Com'erce. Nat Bank of Tulsa— Common e 2,700.000 800,000 Preferred 25X 20 21.000 20 20 - 15 20 25 30 . 110 Reorganization of the First Trust & Deposit Co. of Syracuse, N. Y., through a merger with the Baldwinsville State Bank of Baldwinsville, N. Y., was approved by stockholders of both banks and became effective on April 6, 1940. b Member of the BancOhio Corp. c Capital e Wilson— Branch Bkg & Tr Co Common 100 sa a Raleigh— First Citizens Bk&Tr 200,000 First Nat Bk & Tr Co West Tulsa State Bk 200,000 800,000 Security Nat Bank— - 100 25 2,978,766 3,611,530 5,092,867 100 Oklahoma Nat Bank. 4,000,000 Durham Bk & Tr Co 0 re cent 25 3,101,379 2.794,343 199,964 442,654 458,507 100.000 300.000 400.000 Oklahoma City— Cttty Nat'l Bk&Tr Co 225,000 e share. Muskogee— 200,000 Commercial Nat Bk. Fidelity Bank... Depositors Natl Bk. Per 100 291,127 316,963 100.000 Commercial Nat Bk. First Nat Bk & Tr Co Nomi nal. Per share. Union Nat Bank American Trust Co.. Durham— Citizens' Nat Bank. 100 N Citizens National Bk March 26 2,509,136 1,317,491 McAlester— Trust Co— National Banks 225,087 123.134 100.000 75.000 Bank... Common and preferred stock or debentures <7 Retirement price. 150 151 154 d Feb. t Toledo banks on a price range basis. 29, Member First Bank / Dec. 30, 1939. 1940. Stock Corp. outstanding. A March 26, 1940. h In liquidation. i Controlled by Marine Midland Corp. n 147'" account. r Reserves, s Branch of Smithfleld, N. C. p Subject to formal approval by State and Federal banking authorities, the Hartsdale National Bank of Hartsdale, N. Y., will through an absorp¬ tion oi" its assets and deposits by The County Trust Co. of White Plains. N. Y., become a branch of the latter institution. June, 1940] National Banks Eugene— March 26 Gross Par Deposits Pittsburgh Bid Ask Nomi nal. (Concluded.) $ $ Mellon Nat Bank 100 8,546,363 467,792 200,000 Surplus & Profits Capital Nomi nal. Per share. $ $ First National Bank- Ask Bid Par Deposits 109 PENNSYLVANIA Stat%rarch2Q°nS March 26 Gross Surplus & Profits Capital COMPANIES Institutions State OREGON March 26 TRUST AND BANKS % Per 7,500,000 39,443,516 385,253.308 share. 100 Nat Bank of America Portland— First National BankPortland Tr A Sav Bk 100 300,000 United States Nat Bk C4.500.000 160 45 50 20 38 39 Common Preferred 170 100 6,715,387 118,661,567 5,091,672 458,382 6,350,461 138,015,498 3,000.000 141,625 1 95,000 200.000 700.000 200.000 Nor Side Deposit Bk Pitt National Bank. Nom nal. Per share. Allentown Nat Bank 1,000,000 1,000,000 450,000 500,000 Merchants Nat'l Bk. Second Nat Bank.. Lehigh Vail Trust Oo 155 2,033,3231 14,546,065 100 140 2,017,648 1,334,785 986,132 25 38 10 20 23 100 90 105 9,517,902 5,816,778 6,708,604 41% Common 150.000 287,900 321,702 250,000 263,390 249,300 Preferred 504,123 7,003,937 100 105 100 [100 Altoona Trust CoCommon PreferredCentral Trust Co... 4,684,739 f . 293,602 3,052,788 10 14 12 10 100 loo" "98* ErieBank of Erie First National Bank. 200,000 ,085,000 161,247 821,094 Lawrence Park N Bk 50,000 Marine Nat Bank— ,264,000 46,623 351,704 306,195 Nat Bk A Trust Co_. 300,000 1,324,177 15,113,015 773,468 Common 300,000 729,100 200.000 Preferred (The).. Allison-East End Tr. 359,585 101,791 396,510 300.000 Capital Bk & Tr Co. Harrisburg Nat Bank 168,894 486,786 848,912 947,546 33,297 1,367,490 1,492,352 81,626 300,000 400,000 Central Trust Co Citizens Trust Co 125,000 Dauphin Dep Tr Oo. Harrisburg Trust Co 400.000 Market St Trust Co. 225,000 400,000 Fulton Nat Bank Lancaster Co Nat Bk d Farmers' BkATr Co Common 400,000 600,000 575.000 970,334 1,143,976 796.443 300,000 1 88,820 300,000 Preferred Northern Bk & Tr Oo i 100 399,898 2,610,018 127,945 176,349 509,160 Provident Trust Co. 15 1,698,937 50 50 a50 50 10 4 10 25 2,948,436 5,032,603 7,011,689 4,902,145 1,156,504 15,308,429 16.028,881 1,408,584 80 5 14 12% 50 50 100 100 50 100 100 100 490,825 9 14 37 68 41 50 15 16% 20 1.000.000 1.800,000 685,658 1,551,147 -300.000 508,595 1.170.300 Scrantoo State Bk 200.000 First National Bank. Green Ridge Bank. North Scrant Bk A Tr 4.050.000 50 /106 <15% 10 1.794.059 3,040,000 7.223,684 City National Bank. dl.100,700 i 322,536 Corn Exch Nat Bank Trust Oo I 10 4,550,000 Kensington Nat Bk. dl,129,766 1,000.000 4,510,569 2,526,417 400,000 Common 108.000 92.000 250,000 200,000 Preferred North Broad Nat'l Bk Northeast Nat Bank 83,368 I 223,292 240,831 Northw'n Nat Bk— Common 302,500 Preferred 197,500 Philadelphia Nat Bk 14.000.000 Roosevelt Bank d 264.818 Second Nat Bank— Common 500.000 . Preferred 10 Providence Bank d Common Preferred 5 160,228 L, _ e 14 Penna Trust 37 38 30 34 20 23% 25% 305 315 10 48 4% 10 6U 3,427,593 25 If 862,885 576,235,482 121,967 2,355,000! 25 20 50 650,778 7,697,780 ) 151,544 3.703,624 65 70 13 11 a25 "95" 2% Preferred Tioga Nat bk & TrOo d 200,000 85.000 400.336 93,388 2,507,899 25 Land Title Bk A TOo 3,750,000 15,736,224 7,275,000 Liberty Title dt Tr Oo 1,000,000 1,295,393 Mitten Bk & Tr Oo 1,500,000 638,400 Ninth Bank dt Tr Co d2.200,000 576,955 Northern Trust Co.. 500.000 3.050,725 Nor Phlla Trust Co. 500,000 1,362,798 . Lives dt Grant Ann 97 Security Bk dc Tr Co. Bank Arsenal Bank 100.000 200,000 500,000 Bank of Ohio Valley. Braddock Nat Bank. Dollar Savings Bank Farmers Deposit Nat First National Bank First Nat Bank A Tr 6,000.000 6,000.000 Co of East Pitts.. Forbes National Bk. Fourteenth St Bank. Freehold Bank.... Hazelwood Bk (The) Top Bank I 108 112 9% 6 11 11% 7% 14 12 16 202 212 127 135 37 40 7 51% 2 8% 53% 3 Iron dc Glass Del Sav 11,376,751 6,822,511 20,074,821 13.888,341 7,985,136 448,609 567,770 451,338 994,283 230,782 480,925 100,000 71,413 375,295 Common........ Preferred 317,269 4,640,284 300,000 75.000 \ / 7 11 6% 7% 11% 10 17% 18 25 25 23 28 18 50 60 63 15 20 22 50 2,863,337 f 8 1 4,904,331 17,323,601 3,027,942 50 35 75 "40" "42" 25 25 40 25 56 42 1,990,853 f 25 1 25 60 % 1% 2,587,528 4,918,389 5,744,104 20 25 30 10 19 20 213,726 2,300,648 1 1° 7 8 378,653 36,513 670,383 208,887 512,728 972,501 557,119 791,454 1,407,321 3,318,387 773,569 8,439,717 1,786,416 5,779,039 6,375,670 5,678,663 4,628,516 8,427.100 10 190.000 100 120 40 50 47 79 82 100 195 205 125 50 25 16% 18 50 50 55 10 10 7% 6 150.000 Fork N Bk A Tr Oo. Guardian Trust Co 100.000 500.000 125.000 225.000 300.000 500,000 500.000 York Trust Co 750. noo Indus NB West YK. Western Nat Bank.. York Co Nat Bank.. .. National Bank mm, mm "20" "21% 100 66 15% "16% 15 10 10 100 20 25 17 193 188 55 58% 37% 67% 17% 18% 56% 36 25 10 RHODE ISLAND Stat%farch 2ft ^ Nomi nal. Per share Newport— Iquldneck Nat Bank Common 400,000 1 361,444 6,052,256 Preferred 175.000 120,000 300.000 J25 125 80,098 448,133 516,968 2,623.551 60 500.000 1,158,162 94,361 120.000 267,759 1,744,691 50 367,500 132.500 850.000 j 222,236 5,032,709 Newport Nat Bank.. Newport Trust Co.. Providence— 3 lacks tone Can NatOolumbus Nat Bank: Common 111,435 1 88,565 Preferred High St Bk A Tr Oo 30 a25 60~" 100 150 5,262,861 25 80 2,015,817 (10 10 85 12 10 alO "125" Mechanics Nat Bank Preferred NatBank of OomATr 863,373 918,847 2,459,431 29% 14 Providence Nat Bank 2 100 505 515 Industrial Trust Oo. Llncoln Trust Oo 50 78 82 Rhode I Hos Nat Bk. ,500.000 ,000.000 10,431,867 125.000 217,908 .500.000 3 176,821 Rhode Isld Hos TrOo 10 100 100 26 37 27 ,000.000 12,170,331 Union Trust Oo Woonsocket— .000.000 40 1,389,831 253 263 50 10 50 441,250 321,870 20 50 22 125 20 15 125 9,644,854 60 50 4,253,984 13,753,695 100 100 119,160.032 25 1,946,783 63,697,379 *100 42,884,203 1000 100 24,194,054 ""72" "79" 37 50 10 100 19% J* 31* Phenlx Nat Bank 450.000 Woonsocket Trust Oo d National Banks 135 100 150 385.000 250.000 Northw'tSecurNatBk d 97 800.000 Union Savings Bank. 150,000 50 20 33 2105" 2350 135 100 1100 Per 268,895 252,223 220,316 51,115 100 5.832,212 3.815.387 ylOO 10,421,346 flOO 100 1.383,741 N share 0 re cent sa lea price. stock retirement price. bank The President of the United States National Bank of Portland, Ore., announced on May 25, 1940, that the recently proposed capital expansion c 60 100 Preferred b A mutual savings "5" 50 Sale s 5 50 10 175" 165 Nomi nal 176 100 25 120 280 SOUTH DAKOTA^^M0" Sioux Falls— First Nat'l Bk A Tr. d Nat Bk of So Dak... 170 100 3,624,544 21% 5% 95 % < 25 221,927 381,785 434,535 250.000 10 1,749,100 4,342,018 6 5 10 9,579,526 1,430.681 23,591,757 15,547,519 4,384,796 7,704,702 60 5,754,075 9,161,576 3,300,812 1,235.058 1,507,454 2,515,341 100 1,157,856 148,707 5,933.775 2,544,112 326,025 709,275 250.000 1 Drov A Mech N Bk. Eastern Nat Bank.. First National Bank. * 300,000 500,000 282,750 200,000 200,000 200,000 200.000 188,020 50 243,272 3,112,807 271,772 1.420,035 101,158 807,190 953,279 11,183,082 6,214,150 56,181,455 11,194,918 106,049,057 7,194,216 115,138,689 Keystone Nat Bk— 75 YorkCommon Preferred Common i 100 at Pittsburgh 30 50 Cent Nat Bk A Tr Co March 26 200,000 768,134 976,495 576,830 350.000 Pittsburgh— Allegheny Valley Bk. 191.774 1 225.000 3% 33,788,425 8,400,000 16,100,735 278,706,338 750,000 1,199,008 561,493 3,200,000 12,336,421 56,310,339 1,500,000 2,562,468 10.558,637 300.000 331,026 3,946,837 125,000 35,866 1.057.193 Sonsitaly Bk dc Tr Co 50 1,399,681 61,536,541 1,632,861 3,242,754 950,338 50.000 / 400.000 West Branch Bk A Tr '"Zh ~T% on Penn W'h'g dc S D Oo Provident Trust Real Est Tr Oo 6 10 8 & Common... Preferred 10 30 3,300,000 5.150,251 49,855.687 100 d Wyoming Bk & Tr 300,000 121,789 3,175,006 37 Broad Street Trust.. 400,000 524,900 2,530,457 2 Chestnut Hill T A Tr 250,000 100,294 1,672,953 50 Citizens & So B & Tr 125,000 18,959 618,514 100 Fldelity-Phlla Tr C 6,700,000 15,058,207 130,275,060 100 Finance Oo of Pa 2,320,000 9,010,026 1,155,030 100 Frankford Trust Co. 5UU.00U <1,626,770 12,059,371 10 German town Tr Co. 1,400,000 2,140,034 22,226,427 10 Glrard Trust Oo 4.000,000 10,173,653 123,665 ,(>59 10 Industrial Trust Oo. dl. 132,250 947.459 11,966,499 10 6300" 100 5800 100 98 212,280 5,994,102 175,247 326,680 63,794 1.000.000 250.000 Willlamsport N Bk.. 10 Tradesmen'sNatlonal Bank & Trust Co. 8 90 10 1 750,000 March 26 Oommon 200.000 300.000 g 300,000 Hanover National Bk d 200.000 Miners Nat Bank 2.500.000 Second Nat Bank... 1,000,000 W-B Dep A Sav Bk. 500.000 Wyoming Nat Bank. 500.000 25 20 650.000 5% ..... 10 South Phil a Nat Bk- 26 5 80 Wilkes-Barre— First National Bank 50 10 10 2,344,897 4,283,862 24 5 100 100 7,335,526 20,342,867 4,332,112 18,517,143 150,000 li 180,375 J Preferred 300 290 100 2,395,794 25 Willlamsport— 20 50 78 50 Oo— First National 60 100 39,576,900 15,283,000 83% 40 25 2,391,692 200.000 South Side Bk A Tr. Third Nat BAT CoWest Side Bank... 26% 50 9,844,732 126,915,331 146,060 5,175,494 6,694,059 111,496,982 451,895 9,953,281 Erie National Bank. d 440.000 First National Banka rl.lll.ouu Market St Nat Bk NatBkofGerATrCo Nat'l Bk of Olney— 64,356,954 10,117,292 70 "56" 8cranton Nat Bk— 760 10 240,423 115" "30" "36" Soranton— ffi 160 20 7,111,459 _____ 50 150.000 i 255,473 2,320,358 South Hills Trust Oo 125.000 431,046 1,849,853 Union Trust Oo 1.500.000 98,500,774 277,049,783 Washington Tr Co.. 500.000 1,395,295 6,404,271 West End Bank 200.000 197,110 1,878,380 William Ponn Tr Co. d 175.000 143,000 2,035.000 Worklngman's Savgs Bank A Trust Co. 400,000 1,303,525 9,939,172 67 10 25 11,077,238 11,608,106 9,400,238 "75" 50 ' Union National Bank derks Oo Trust Co.. 66*3 15,508,781 I 30 a25 People's-Pittsburgh Olty Bank & Tr Co.. Reading Trust Oo 100 7,718,118 4,215,677 Philadelphia— Oentral-Penn Nat Bk Bank 25 917,127 2,173,555 2.715,302 134,658 9,833,542 Common Oonestoga Nat Bk_. Hill 70 50 Allegheny Trust Oo. 700.000 Colonial Trust Co d3.563.200 Oom'wealth Trust Oo 1,500.000 Dermont 8 dt T Co. 125,000 Fidelity Trust Co 2.000.000 Manchester Savings Bank dc Trust Oo. 250,000 Lancaster— Homewood 50 775,413 50.000 20 Reading— Harrisburg— Penn Oo for Insur 16" 4,162,845 6,025,395 10 Security-Peoples Tr- A 40 Tr Co fl.000.000 11,720,866 102,655,281 Potter Title A Tr Co d 875.000 397,074 7,647,592 Altoona— First Nat Bank- Union Bank 1 25 I 25 2.000.000 Union Savings Bank1.000.000 Western S dt D Bank d 492.500 PCMMCYI VAM1A State Institutions EilNINO IL V All IA March 26 I Allentown— 1,935.880 1,726,874 12,174,993 1,117,659 1,372,269 38,146,165 35,675,717 4,263,503 5,800,640 32,896,077 20.335,353 2,738,785 27,573,521 Polithania State Bk. Sheraden Bank Union National Bank National Banks March 26 73,199 176,084 105 50 45 a50 plan of the bank would be postponed until world conditions show favorable improvement. d Common and preferred stock or debentures outstanding. 0 Dec. 31. 1938. / Member of Northwest Bancorporation 0 Oct. 2. 1939. i Dec. 30, 1939, it Stock all owned by Rhode Island Hospital Trust Oo. 1 Last sale. o New stock. p Affiliate of the First Bank Stock Corp. COMPANIES AND TRUST BAMS 110 National Banks I ggy SOUTH CAROLINA Capital 200,000 50.000 740,431 287,363 44,193 1,100,000 1,100,000 Preferred. Columbia— First Nat Bk of Ooi. 10 11 100 125 100 110 125 39,285,331 (100 1100 15 17 100 487,336 10 11 10H 200.000 35,000 8partanburg— Bank 6,118,575 1,537.226 615,170 587.482 6,444,999 4.975,236 20 61 63 10 31 33 200,000 Peoples Nat Bank— 171,087 268,534 250,000 200.000 Bank Greenville— First National Bank. Com'l Nat Nomi nal. Per share 22,164,099 {7100 6,052,570 100 jl, 261,013 1,000.000 Common 76,555 3,029,651 20 25 San $ Antonio (Con el.) $ Bank- Groos Nat 350,000 100,000 Common South Texas TENNESSEE _ , Citizens' Nat Bank- National BankNational City Bank. First 96,668 88,821 2,146,383 3,939,728 ion 405,490 4.693,192 100 t 383,504 561,014 101,088 8,846,927 11,176,029 100 190 215 50 88 100 982,224 100 50,000 d 200,000 . HamiltonNatJonalBk < 900,000 1.000,000 Park National Bank. Memphis— 100,000 Comm & Indust Bk. First National Bank. Nat Bk of Commerce Bank. Union Planters' Nat'l State Savings Bank Trust Co. Nashville— American Nat Bank Common — Preferred Bank Broadway Nat Commerce-Union Bk Nashville Trust Co— 67,552 149,662 1,699,968 683,685 100 250 275 9,301,496 /100 150 165 12,073,674 100 48,625.561 "155" 165" 100 170 250 1,464,352 3,522,410 6.25 26,847,685 100 10 13,516,416 175 260 10 15** 14** 25,000 54,853,993 34.190,755 1,404,268 100 105 Per iAar« < i BkNA Salt Lake City— Contl Nat Bi&Tr Go First Security 285 285 295 100 210 76,892,763 10 13,049,740 100 72,904,343 19,940,401 16,607,069 14,424,024 3,656,702 10 200.000 269,204 29,869,262 J 893,307 65 100 75 21*4 x 22 210 220 100 165 175 100 195 205 100 127** 135 125 1100 135 National Banks March 26 State Institutions VERMONT Dec. 30 Nomi nal. 3.500,000 28 26 ** Per Barre— _ _ Cranite 8 B & 592,979 293,606 171,195 Tr Co 3.000.000 11,593,213 3,150,000 300,000 589,992 995,277 1,000,000 1,133,300 1.000.000 1,614,352 62,223,429 / 10 1100 20 5,533,525 10 "18" 24,464,288 13 a* 10,207.543 ;ioo \100 30,749,560 100 $ 70 "19" 110 240 225 March 26 Nomi nal. Per Austin— 523,248 895,337 300,000 570,750 < Capital Nat Bank— Capital stock 125.000 75,000 J 174,165 400,000 400,000 200,000 — 695,903 938,772 75,977 share. 100 14,923,810 16,914,320 2,549.765 100 Bank fllOO" 1100 les 300,539 146,319 2,684,195 1,035,708 100 N 173,447 2,959,185 (100 sa 166.921 2,158,394 30 25 10 o re cent Common.... 3,819,160 rioo cent 2,995,979 /100 1100 20 2,307,556 100 1,284,765 Rutland Co Nat Bk: 100 o re sa 100,000 125.000 207.600 Rutland— Dleme ntNat Bank— Hilllngton Nat N 40 100 114,790 224,290 214,513 100 100 160.000 100.000 Montpeller Nat Bank Montp'r 8 B Sc Tr Co < March 26 100 100 169,800 Preferred State Institutions 6,807,062 6,654,156 888,134 3,336,932 share. "75" 100,000 614.951 150,000 Common TEXAS 100 100 16,471 People's Nat Bank204.500 quarry 8 Bk 3c Tr Co BurlingtonChittenden Co Trust i 491.600 eoo.ooo Ho wardN atBk ATrOo 160.000 Merchants Nat Bank Burlington Trust Co- <1,085.961 Montpeller— Capital 8 B & Tr Co < 407.600 First National Bank: 3,861,464 2,816,229 2,028,280 678,649 521,762 82,362 449,528 110,000 200.000 National Banks Preferred stock 543,395 5,153,687 1,330,302 807,089 1,236,822 230 5,239,713 1.500.000 Common 295 100 100 900.000 Security Corp. <3,100,000 ofOgden ----750,000 First National Bank < < 750,000 Utah State Nat Bank 1,000,000 Eton's Sav Bk&Tr. 300.000 Utah Sav & Trust Co Walker Bk & Tr Co: Capital notes 100 6,941,929 19,877,592 182,294 1,446,926 500,000 950.000 < no 100 600.000 Id 785,933 American Nat BankAustin Nat Bank— March 26 Nomi nal. 30,000 2,554,679 1,000.000 2,238,484 93,637 60.000 d 1,200,00(» Common Preferred Third National Bank 80 March 26 \100 1,767,907 <2,500,000 Knoxville— Bank of Knoxville— < Oomm'l Bk <Sc Tr Co 490.441 60 —... State Institutions UTAH First Preferred Hamilton Nat Bank. 1,226,451 750.000 425,000 1 225.000 185 100 State Institutions Nomi nal. Per share. Common 102 0100 260 "266" 25 Ogden— Commercial Sec Bk. Chattanooga— Bkg Go— Uommercial Nat Bk: 1,169,683 share. Per 97 250,000 500,000 100,000 Oommon Waco— % 300.000 Nat Bk- March 26 Amer Tr & Ask Bid 5,639,139 (100 1100 26,122,650 100 | 147,011 Preferred--ol Comm. <1,084.000 National Bank ofFort 100,000 8am Houston < 400,000 San Antonio Nat Bk Nat Bank National Banks National Banks March 26 Par Deposits Ask Bid % Citiz.&SouNat'l Bk Carolina 8av Bank-. Miners 3c Merch Bk. South Oaro Nat Bk— Cross Surplus & Profits Capital Par Deposits March 26 Nomi nal. Charleston— Lower Main St Cross Surplus & Profits State Institutions TEXAS March 26 Preferred Rutland Trust Co... i les Uoo 100 BeaumontAmerican Nat BankFirst National Bank. Becur St Bk 3c Trust i Dallas— 1.000,000 5.000,000 60.000 Hlllcrest State Bank. 250,000 Liberty State Bank— Mercantlle Nat Bk— Common - — — Preferred RepubllcNat Bank.. Nat Bank of Comm. Oak Cliff Bk&Tr Co. 100 N 100 0 National Banks rec ent 100 sa 20 1,650,000 11.672,857 350,000 4,000,000 4,992,720 150,000 411,615 200,000 d 99,688 41 43 20 926,879 27,231,658 9,760,617 131,857,385 2,400,573 68,253 7,212,866 269,690 46 48 125,000 50,000 Common Capital notes Jd 102,573 20 37 3c 600,000 500,000 500.582 400,589 4,530,928 4.507,873 60 107,000 100,000 300,000 91,216 104,816 465.588 269,375 655.803 5 3,215,135 100 "45" 250,000 2,500,000 1.500.000 150.000 485,614 1,011,148 1,142,942 131,630 3,835,731 35,863,157 100 240 250 100 123 124 18.979,836 2,315,229 25 39 39 ** 10 15*4 15** 2,827,974 2,843,682 10 10** < 185,511 95,716 10 r 200,000 276,000 < 490.000 < 250,000 440,000 227,347 83,437 207,418 6,167,155 1,213,038 2,925,936 600,000 si,066,115 1,000,000 1,226,078 80,000 k 66,095 5,000,000 3,613,263 130,000 200,000 10,090,559 22,417,750 802,526 1,250,000 1,550,000 |sl425,590 56,680,886 405,096 262,836 882,363 . 33 e - 100 750,000 1.500.000 432,993 1,228,491 18,242,651 40,292,524 60 65 70 20 45 49 47,597,385 1 20 45 49 t 20 100 ^mmm mm mm "<5O6" 10 390,249 1,236,776 100 Petersburg— Citizens Nat Bank. Petersb Sav A Ami 200,000 200,000 City National BankFirst National Bank. Hutchings-Sealy National Bank U S National Bank- 482,708 426,241 American Nat Bant Citizens Trust . Co.. Merch 3c Farmer Richmond— . t r "ioo" 125" - 15.450.414 4,967,720 First 3c Mer Nat Bk. . 750,000 500,000 432,953 865,199 N 0 re cent sa les 100 100 50 11,661,564 12,364,332 Mech 3c Mer Bank.. State-Plant Bk - Preferred. Houston— Citizens State Bank- < 250,000 324,734 100 180 1 20 43 i 20 7,169.460 Common Preferred—._ 500,000 100,000 J 659,776 18,068,162 47 . Preferred 3,000.000 1,500,000 jdl ,994.916 59,814,171 J100 < 3 500.000 k 190 1,000.000 800,000 «i66" UOO 1355 10 7** 3,659.503 5,073,537 5,949,891 N 50 0 100 re cent 100 sa 37 32 00 les 42** 37** "45" "49" 29 30 18** 16 25 ""76" 15 25 50 70 "36" Roanoke— First Nat BankCommon s 200,000 900,000 0 City National Bank: !IS 5 Portsmouth— Galveston— 100 163*4 Norfolki 30 1 20 1140 100 1 215 40 151X 1 "48" "60" 12,508,108 22,488,750 — 100 . 39 677,210 1,632,387 2,000,000 12,409,680 500,000 Preferred 15,420 9,532 Fraternal Bk & Tr Co 215,000 d 79,709 Union Bank & Tr Co i Common 8,595,599 200,000 ""56** "58^ 300,000 300,000 State National Bank Fort Worth- 618,975 c El Paso— El Paso Nat Bank— share. 1 1.000,000 It 100 39,515,301 J 20 \ 20 20 88,743,536 7,034,850 100 20 2,643,489 2,769,308 Per Lynohburg. Texas Bank & Tr Co: Continental Nat Bk First National Bank Ft Worth Nat Bank: State Institutions Dec. 30 VIRGINIA March 26 les Nomi nal. Bank... First National Bank. Dallas Nat 12,149,162 13,634,624 2,422,912 50 70 100 100 454,928 1,816,178 s 396,453 250 100 Houston Nat Bk— 0 Common Preferred 632,500 1 367,500 1,000,000 271,966 13,859,710 J100 1125 2,025,407 32,841,856 Nat Bank of Comm. <2,500,000 d4,573,708 54,920,552 800,000 508,359 10.065.258 State National Bank < 1,000,000 1,449,440 33,770,779 Union National Bank South Texas Com¬ 1,500.000 2,162,833 51,117,715 mercial Nat Bank. 200,000 d 234,824 75,160 Fidelity Trust Co— 600.000 1,010,104 8,241,493 Guardian Trust Co— 514,964 5,674,882 Houston Land & Tr. <1,400,000 San Jacinto Nat Bk365,000 1 122,890 8,981,813 Common 285,000 J Preferred — Port Arthur— 100,000 566,943 5,946,411 First National Bank. 200.000 d 351.194 4,485,062 Merchants Nat'l Bk. San Antonio— Alamo National Bk: 500,000 I 965,800 18,636,427 Common. 819,400 / Preferred Bexar Co Nat Bank200.000 I 147.929 3,004,672 Common .....— 75,000 Preferred —-----1,420,791 39,391,095 Frost National Bank 1,200.000 Second Nat'l Bank— 100 75 "275" 85 350 100 185 225 235" 100 290 310 100 145 155"" 100 80 85 flOO 77 8 National Banks March 26 290 375 100 100 WASHINGTON Nomi nal. Per Sumitomo B of Seattle 8.000,000 2,500,000 2,500,000 1,500.000 200,000 University Nat Bank 400.000 Seattle Tr & 8avs Bk 550.000 Nat Bk of Commerce Pacific Nat Bank UOO 100 626 Peoples N B of Wash- d Dec. 30, 160 60 50 100 held 1939. e Corp. Preferred stock retirement price. /Member of Marine Bancorporation. g ( i share. Member of First National Corp. 6 Member of First Security jinn 1100 7,194,660 4,089,583 1,648,321 950,459 121,219 222,366 551,306 40** 41** 180,280,946 a 20 86,805,486 / 25 179" 177 100 26.491,175 36 20 r 34 29,355,871 100 2,486,395 20 '"16"' ~2l" 5,684,884 50 65 70 8,657.660 t Stock of South Texas National Bank of San Antonio, Texas, all by Central Securities Co. with exception of directors' qualifying shares. a 100 Institutions March 26 SeattleSeattle—First Nat Bk 100 State 43 48 050 "200"" 230 h Affiliated with the Citizens* & Southern National Bank of Atlanta, Ga. Corp. of Odgen. Utah, class A Represents quotation for First Security stock. i Common and preferred stock outstanding. o Controlled by the Joseph F. Meyer interests, r <s March 26, 1940. t Reserves. k March 29, 1939. Member Peoples Corp. x Ex-dividend. June, 1940] BANKS National Banks March 26 TBUST AND National Banks WASHINGTON 5*a*Marc/?260nS Capital Surplus & Profits COMPANIES March 26 Capital March 26 Gross Surplus & Profits Ask Bid Par Institutions Statf WISCONSIN Gross Deposits 111 Par Deposits Nomi nal. Spokane— First Nat Bk In Spok a Old $ 500.000 Per $ 6,822.970 $ 172,548 share. 50 Milwaukee (Concl. ) TeutoniaAveStateBk a ~ N B & Un T Co. Oommon Preferred Old National 750,000 743.800 Corp— J100 t West Side Bank Wisconsin State Bk. First Wise Trust Co. _ 1100 Ask S 392,300 400,000 300,000 1,000.000 $ share. 10 _Per $ 2,340,768 4,471,700 4,773,014 5,276,005 89,396 895,096 382,461 767,941 20 7 100 20 100 160 190 35 38 _u Class A Class B j 691,806 24,862,213 45 100 Bid Nomi nal. 245,008 ] 50,000 200,000 (voting) Washington Trust Oo __ T acorn a— Nat Bank of Wash.. al.375,000 Puget Sound Nat Bk a 730,000 No 848,513 8,575",384 100 1,083,285 22,439,368 293,023 7,931,201 100 25 NaShTs WEST VIRGINIA »•>■ 1.00 .80 1.15 No "ST1 WYOMING 140 19 125 17 Cheyenne- Per American Nat Bank. Stock Growers N Bk. 250,000 300,000 share. 100 5,888,835 8,546,730 390,459 305,998 100 March 26 Nomt Charleston— Per Charleston Nat Bk_ KanawhaBkg&Tr Co Kanawha Valley Bk. 1,675,774 447,528 1,404,494 130,333 319,931 1,000.000 cl,325,221 Nat Bank of Comm. Central Trust Co 25 23,560.380 6,078,762 23,737.117 3,913,937 s 1,122.528 1,062.500 600,000 1,000.000 200,000 500,000 N 100 Canadian Bank Statements o 100 re cent 100 sa Returns lea are all of Mar. 30, 1940. Prices are per cent, not per share. 100 Huntington— First Hunt g Nat Bk Twentieth St Bank.. O109.550 58,352 17,742,655 1,076,742 a 150.000 72,539 1,119,265 100 Say Bank a Nat Bank of w Va__ Nat Exchange Bank. i 439.605 500.000 500.000 100.000 300.000 87,395 746,953 671,002 121,710 803,649 2,178,653 5,421,874 5,740,151 1,145,079 5,526,716 1.800.000 2.936.446 21.721,898 19 12l$ 65 50 Wheeling— Center Wheeling Sav Half Dollar Trust Ac So Side Bk & Tr Co. Security Trust Co.. Wheeling Dollar Savs & Trust Co National bankt WISCONSIN March 26 NOVA SCOTIA 20 25 100 120 100 100 100 300 100 25 113 100 150 136' Surplus & Profits Capital Gross Deposits Par $ $ $ Bank of Nova Scotia 12,000,000 24,000,000 252,129,669 Per ONTARIO Toronto— Per Nat Bk of La Crosse. State Bk of La Crosse 100.000 Exchange State Bank a 300 100 March 26 Nom inal. 500,000 175,000 400.000 Ask cent. 160 State Institutions La Crosse— Batavian Nat Bank Bid ■ Halifax— 302,154 78,659 367,994 180,862 156,809 173.977 3,055,412 4,010,086 4,893,221 20 1.267,405 100 N 6.380,083 elOO 3,076,225 100 sa share. 20 25 0 Bank Per of Toronto 6,000,000 9,000,000 131,794,694 Can Bank of Comm. 30,000.000 20,000,000 552,467,727 Dominion Bank 7,000,000 7,000,000 114,209.930 Imperial Bank of Can 7,000,000 8,000,000 129,513,872 100 100 100 100 cent. ♦254 145 148 200 208 re cent les Milwaukee— Amer State Bank 200.000 City Bank & Tr Oo. First Wise Nat'l Bk— _ Common a 305.000 20 7,500,000 17,185,869 243.692,459 J 7.500.000 Home Sayings Bank. a350.000 182,545 2,568,449 Kilbourn State Bk._ a 150,000 63,783 1,840,389 ....... 25 55 60 Montreal— t 20 Common Income debentures Marshall & llsley Bk Mitchell St State Bk. Northern Bank Park Savings Bank.. State Bank of Mllw. 50,000 1c 60,426 225,000 2,200,000 2,246,595 a2,925,000 2,091,896 a 596,000 15,269 a 200,000 92,610 a 539,500 d 84,232 a 71,481 550,000 1,554,120 16 193 205 140 18 2ft 145 100 t Wisconsin Bankshares Corp. 40,117,088 49.679,587 2,467,072 3,505,476 1,878,531 2,285,208 cent 100 100 36,000,000 39.000,000 749,111,480 7,000,000 5,000,000 134,072,539 1,000,000 750,000 BarclaysBk (Canada) 17,785,015 Provincial Bk of Can 4,000,000 1,000,000 47,958,094 Royal Bk of Canada. 35,000,000 20,000,000 781,664,440 Lincoln State Bank: Marine Nat Exch Bk Per Bank of Montreal Banque Canadlenne. 1—- Preferred QUEBEC 28 100 no par stock. 20 39 42 a Common 20 20 23 c March 26, 1940. 20 30 s Trust funds. All stock held by Old National Corp. 20 mtm 100 10 20 4 20 5X d Oct. • 100 113M 115 100 155 * Sale price. and preferred stock debentures outstanding. 2, 1939. e Member of the Northwest Bancorporatlon. i Member First National Corp. t 100 157 MONTHLY REVIEW 113 (Concluded from decrees European and Argentine assets. neutral affecting either American or Canadian, were re¬ quired to be turned in to the Bank of France or to be deposited in a bank within French territory by July 1. The decree was of especial importance in so far as it embodied the first measure requisitioning foreign assets in France. Gold coin and bullion which French corpora¬ All dollar notes, hold at home or abroad were also required to be surrendered by the same date. Foreign corporations established in France or whose principal field of activity tions might France were also subject to the decree. in was Foreigners residing in France, while required to conform to the decree as to notes and currency, were under no obli¬ gation stood Canadian respect to with securities authorities French that United or France in either held States dollar abroad. It detected an or had is under¬ influx of forged Canadian and American bank notes from Germany and Russia. The strained French financial situation is expanding note circulation. The Bank of France statement for the week ended May 23 shows circula¬ reflected tion at a circulation of A year ago 121,390,968,515 francs. Future statements hardly fail to record further extreme in¬ was bank the high of 166,696,000,000 francs. new can of nearly 3,000,000 refugees from Belgium, accentuated by demands of refugees from northern France. Furthermore, under the conditions prevailing since the war it was natural to keep on his person or im¬ bank notes than usual, especially not widely used in France. since checks Belgian invasion are more ceased to be quoted after the currency German The last quotation in New York for May 10. on the belga was 16.56, on May 9. After the invasion of the Lowlands the United States Treasury Department extended these to change countries and the financial general moratorium transactions which on had foreign been ex¬ previ¬ ously applied to Denmark and Norway. At the same time Treasury's general license with respect to withdrawals the from certain strict held accounts regulation the requiring extended to the Low was in proof of Countries. United States ownership under and right Gold held under ear¬ mark at the Federal Reserve Bank for these countries was subject to the control of their respective central banks. The defection of King Leopold on May 28 created to the legal Belgian Government. a May 22, subject to the inspection of sale to the East Indies Bank of United States dollars at the official rate of exchange. Swedish exchange was extremely limited throughout the entered into prior to plexing problem as With respect to the Bank of Belgium's account with the Federal Reserve Bank of Belgian Cabinet New York neither King Leopold nor the domiciled in France is empowered to act. Only officials of the Bank of Belgium drawals from officials are Bank's the in now account, month, with spot ranging between 23.17 and 23.87. Exchange on Norway and Denmark has not been quoted in New York since April 9. the Bank France and are time of the invasion Danish amount of these of reserves gold to the United the Before large a States and England. Holland guilders ceased of the Lowlands guilder was to be quoted New in York after influence. man turmoil the spite relatively steady throughout May de¬ Europe. in Swiss The unit ruled around 22.40. marks German New in quoted not are exchange situation offers York, and the features of importance. Italian exchange continued throughout May to be quoted no the official rate of 5.05c. at lira for spot exchange per on Rome. Rumanian exchange is New York. minor unit in a On May 18 the Rumanian Government empowered the National Bank to increase the value of its gold stock by 50%. On available at the time the gold stock 21,028,000,000 lei at the old rate and to 31,- of reports basis the amounted to 542,000,000 lei after revaluation} The exchange rate of the lei in New York continued throughout the month at around 0.50 (nominal). the South American countries was on the steady throughout May. The Argentine official rate for the peso was quoted at 29.77 throughout the month. The unofficial or free market was 22.98@23.05 Exchange on whole notably and 22.40@22.50 on May 1, were May 31. Brazilian milreis quoted at 5.03@5.15 on May 1, and at 5.02^@5.15 on May 31. Exchange the Far Eastern countries presented no new on features of importance during May. A summary of Nether¬ lands Indies exchange is given above under remarks on the after the The guilder. Far Eastern units were in general as the yen is linked to The London price for silverwas Japanese yen were an exception, States dollar. 21 7/16d. on May 1, and 21 11/lGd. May 31. on The Hong¬ 19.83%@20.20 on May 31. The Shanghai dollar was 5.91@6.05 on May 1, and 5.37@5.63 on May 31. Yen checks were 23.44@23.50 on May 1, and 23.44@23.50 on May 31. kong dollar was 21.63@21.75 on May 1, and invasion xxx xxxxxx xxxx May 10. The last quotation for the May 9, at around 53.08 for spot. on quoted not was currency April 9. On May 28 the Copenhagen Stock Exchange re¬ opened under the supervision of the German regime, with transactions limited to markets within the sphere of Ger¬ Holland of undisclosed Finland, under the influence of the London official exchange control. of acting in cooperation gold Switzerland, Denmark, Sweden, Italy, Germany, and Czechoslovakia. the United the was most Belgium were estimated at $626,000,000. May 10 Belgium was understood to have shipped but 28 the Norwegian foreign exchange market On May opened in German-held Norway, with the United States dollar quoted at 4.40 kroner, making the krone equal to 22.72c. The only other currencies quoted were those of authorize with¬ can and with the Belgian Cabinet there. At the and documents the on per¬ or United States of the unblocking for liquidation of contracts almost every Frenchman mediately available States dische Swiss francs were The increase in circulation is due in part to the demands reexport to the United May 29 receipt of advices from the Nederlandsch InHandelsbank at Batavia notifying all banks of the on creases. for sterling zone for Japan will eventually produce dollar or yen balances in¬ stead of sterling. The New York Foreign Exchange Committee announced the in the to 16) page xxx xxxxxx xx x N t^- lO 00 ©©©t-b»00 -J4 to © •*»< 00 05 00b»©© 3 © "5 T-H CO CO r« COCOnWWN 1-tr.HNHH <N r-l N -H r-l r-t nrlrl CJ CO CO CO CO on CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO "• ( Throughout the month the foreign exchange departments were kept busy untangling transac¬ tions among themselves relating to future contracts of Belgium, Holland, and their overseas possessions. This they were doing by offsetting contracts between each other ' xxxxx xx — of the New York banks and paying compensation for small differences, thereby ducing the volume of contracts outstanding. ' xx g May on 14, it appeared that the Bank of b- © © © . ° them were expected to establish their headquarters #in were for the planning to be a Netherlands unit is to be known is as backed either in London or a new official Government unit in of that his CO* © CO CO CO CO CO CO CO CO CO CO CO oeoeeo ts e o o c cs c xxxxxx £ X xxx ©Tt*t»tO© © r-l HrtH cs o « o e £ 1-1 00 © © t> ) I CO N N -t -* r-l © r-l CO CO CO CO CO CO CO CO CO CO CO CO ic\ ION L xxxxxx xxx «i\»\rJ\ r}< © © h* r-l b- >1 t- 00 to CO xxx X CO CO CO xxxx CO © NCO CO CO CO CO CO IN CO t-i\ iO\ the xx^ ass** Tjt©©eOC0rH>l©©rHr-i©00P'tb-©00>HrH cocoeoeoQcococococoeoQ XXXpXXXXXX§ ©co»o-»*55ooTt<©©©ooa5 ^ Tfj ^ tjj The which CO CO CO CO IN CO X XXXX XX XXX pXXXoX XpXXXXX w © © oo b- © So © oj eo -* © 02 •*!< © co m © HOHHrtHHHHHHH.HOHHH CO CO CO CO CO CO CO CO CO CO CO CO was to w\ w\ an >-l\ -l\ © © © © >5 One of the conditions of the at © a CO CO CO CO e a <3 CO CO CO CO e a e e e CO* XX I <3 cj S33 e o « a. 35$ XX CO CO CO CO ts a e xxx m rA 00 COCOCO CO 00 00 *t< Tt< <N © OJ<NMW<N<N X © i>© rHHN eo <N CO CO CO CO CO <3 <3 t3 « e <3 co' «g'^' eg OJ © 00 00 00 00 r-l © 00 CO CO CO CO CO CO b-©00 ©©-* © <N<NCN<NIN . CO* CO e ts tA X CO CO CO CO CO CO CO CO CO COCOCO COrH © XX ©rHb»©©rH co co ro eo CO* eo CO CO aaao *3 XX <N rt* © 00 00 ® (N r-l IN H H rH COCOCO CO xxxxx X rt; © u; was X XX X XXX CO CO CO CO CO CO CO CO . CO 00©tt<©N© NN N NN N eoaese <3 e <3 S .''I . CO CO CO CO CO CO ^ co co co © in 2 2 2 2 CO * x <NN<N<N<NN © r-l © © © to XX X ^ 5252 COCOCO CO CO CO CO CO CO CO CO © tn rH <N © © © © © 00 whereby it is assured that Netherlands Indies exports CO* X X rhCO©lOtOtO Cj i-t rH r-J rH»-{ CO CO CO CO CO CO , CO* eo CO XX -N CO CO CO CO xxx agree¬ respectively, in terms of the United States dollar, 7.55-7.65 for the pound sterling. All transactions in free sterling were prohibited. In addition, arrangements have been made with the Al¬ «\ -f\ CO CO CO OOOOb-b- average Netherlands East Indies guilder CO* NNNNtOH rJJ CO CO CO CO to the dollar. an CO © © <N 00 bHHHMHH © CO rH eo 00 rji CO CO CO •-! N CO CO CO CO an¬ joined the British and be maintained © CO* XXX X $ 00 b- CO CjQOCjCICi CO CO CO CO CO cs XX fA N b- © © oo 00 00 b-© 2222 eo co" eo' COCO CO CO CO CO CO CO CO CO OJ CO eo I I ' I ' 1 1 1 I 1 I I 1 1 1 1 1 i • i ' « • 1 • • • ' • • • • • 1 i > i i i • i i * i » i ' i i i i • • « • ' • • • | 1 1 • • • 1 1 1 • 1 • | 11 • j I J ! s» • i ■ i i « at CO vj ounces. Government had the eo co in co © i-t eo'CO CO sellers, lies CO CO CO CO CO tt; established within the Anglo-French currency bloc. Hence¬ forth the Java guilder is fixed at 1.875-1.895, buyers and and CO* * CO CO CO May 27 the Batavia Government concluded by © HHH CO CO CO CO New York and believed to total between dollar of 1.875 guilders ment £ NU5N rf © © N CO r-l (NHNNNN o e a e agreement was that the Netherlands trade with the sterling will be allowed only on sterling at the official cross rate on the basis of 7.60 guilders to the pound. The On xxx © rH O © b- x tjt ©H* TH r* bCO CO CO CO <N ©©©-* bloc States xxxxxx WNNNHH xxxx xxx XX The (genuine guilder) by Dutch stocks of gold held abroad French monetary agreement. United rH CO CO COCO CO account London. May 23 the Netherlands Minister at Washington nounced HHH CO CO CO "pukka guilder" 16,000,000 and 17,000,000 fine On it" CO © CO CO CO CO CO CO ■tj; ^ Tt; rjt On May 20 London dispatches stated that the Anglo-Dutch and CO IN 00 CO CO © CO CO CO CO CO CO ^^•^Tj^-^coeococoN^j authorities of <N © 00 —' b» © HHHNHH CO CO CO CO CO CO xxxx j Indies. use ©©©CO<N'bCO CO CO CO — Ol CO CO CO CO b-t-©© re-» Netherlands and other principal banks in the country had removed their headquarters to London, though some of East $ £ Tfl T}l Tfl Tf o After the end of Holland's resistance to the German inva¬ sion, xxxx x • • t i ' < • •. • ' 1 S rH <N CO For Daily Rates 17 and 18. ; J I | • J J I J J ! ! I } {. } ' } J { ! ! J J I ^>0<Ob-IoO©©2MlCOTjJ©©b<lo005©>HMCO^©©b-00©©rH C4 (M CQ C4 Cn CO CO ^ H r4 H rH pages J of Foreign rH rH rH i-H Exchange usually given here, se