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BANK U. REG. S. PAT. OFFICE IN RETROSPECT MAY Page Commercial and Financial Events 1 14 Cotton. Course of the Stock Market ____18a Dividend Declarations Federal 18 ReservejBank—Brokers' Loans 18c Foreign Affairs 10 Foreign Exchange 18d Grain—Coffee—Sugar 15 Page Hides and Leather 16 Iron and Steel Trade Money Market New 18b Security Issues . Petroleum and Its Products. _14 Textiles 13 United States Treasury Financing New York Produce .68 Exchange. Exchange 42 Exchange 66 ^ York Stock Exchange-Bonds.___19 *or,k Stock New Exchange—Stocks __66 _ -.68 Angeles Stock Exchange __72 61 Pittsburgh Stock Exchange. 67 — ... San Francisco Stock Exchange. INDEX TO GENERAL Companies— Page Municipal Bonds- Domestic 105 Domestic. 115 _ Canadian Exchange Seats Canadian _ 89 Public Public 97 ...... Industrial Bonds Railroad Bonds. 73 Railroad 77 ____87 Industrial Stocks. _ _ _... 96 ....... Insurance Stocks and Scrip ... 91 90-116 Real Utility Bonds Stocks Real Estate Trust and Land Stocks... 91 Joint Stock Land Bank- Title .115 ; Mining Stocks. Jhhg B. William DANA __.90 .... Guarantee and Safe Stocks Deposit ........ 91 United States Government Securities. .96 ___90 WILLIAM 84 Estate Bonds....................95 Textile Stocks Mi 1 Stocks—see Textile Stocks— __79 Utility Stocks Investment Trust Securities..........78 Securities __98 ... 96 — Federal Land Bank Bonds. Foreign Government Bonds. 70 QUOTATIONS Page Bank and Trust 32 Philadelphia Stock Exchange Detroit Stock Exchange..... Los New York Curb 62 Chicago Stock Exchange Cleveland Stock Page 64 Boston Stock Exchange. 17 QUOTATIONS Page . 18 16 Rubber INDEX TO STOCK EXCHANGE Baltimore Stock Exchange. _r 13 ________ United States Territorial Bonds 8, 1934: COMPANY, Street, Corner of 96 PUBLISHERS Spruce Street, New York. Jtafje gepxrsit and *Qxust Co. -OF BALTIMORECapital $2,000,000 Surplus and Profits $4,067,337 JN the nearly sixty years that it has been in business, this Company—the oldest trust company in Maryland—has, as Executor, Ad¬ ministrator and Trustee, faithfully and fully administered and settled Its activities are confined ment of estates and It has acquired success¬ many estates. solely to the manage¬ property. a reputation1 for stability, promptness, efficiency, courtesy and fair deal¬ ing, and has built up a competent organization especially trained for the intelligent and prudent management and settlement of estates. DIRECTORS John J. Nelligan, Chairman Edwin G. Baetjer Joseph B. Kirby, President J. Edward Johnston Howard Bruce Waldo Newcomer Lyman Delano Blanchard Randall Robert Garrett Charles E. Rieman Norman James Morris Whitridge BANK>° QUOTATION RECORD U. REQ. S. PAT. OFFICE Copyright in 1934 by WILLIAM B. DANA COMPANY, in office of Librarian Entered VOL Second Class Matter, March 9 1928, at as 7 NEW Bank and the Post Office YORK, JUNE 8 1934. one of the companion metal, issue $10 per annum within the United are , at Postage outside of United States $1.00 Late CHICAGO OFFICE—208 South La Salle Street. LONDON OFFICE—Edwards & Smith, 1 Drapers' Gardens, E.C. DANA William Street Publishers, COMPANY, REVIEW OF MAY—COMMERCIAL during effect. number a continued the were with a to message Congress, May 22, 011 followed was on of regarding the the in is the on the Administration's silver bands of the President for regard to silver, during the first week in silver legislation at that time. bill. Of im¬ could do the on take The opposed over 50 cents May advocates of that he was willing eventually to After At an mandatory any silver legislation and the same the on con¬ May 5 at the White was deferred pending this conference. Leaders of the silver group intimated that if the President 1 measure. noted 011 the New York Newspaper reports referred Commodity Exchange. to "the mysterious silver and it was be for the account either of the rumored that the purchases of the metal might United States Government, but these buyer," rumors Treasury were not or May 3 that the stabilization fund could he to discuss at a 011 used to purchase that rumors May 5 and between President Roosevelt and it had been so a again 011 May 8, number of silver leaders the nationalization of silver as a 25% to 75% discussed. reported to have indicated that in remarked the "must" currency base at The he would "permissive" nature, but that he did classification not of consider bills to not. was said President's concessions failed to bers of the Senate silver bloc, however. example, said on May 8 a state¬ as Senators, futher the Secretary discussion metallic a of for reserve of the two the points United through the purchase of exist¬ the ultimate objective or national policy of reserves of the country was expected to send that the silver was make mandatory passed before any action by the President at this time. many mem¬ Senator Borah, for were of the President's contained message, the three following principal provisions: 1. A declaration by reserve 2. Congress that it is its policy to establish a metallic consisting of 75% gold and 25% silver. Discretionary for authority the President markets until the 25 to 75 ratio has been attained to or buy silver in world until the price of the metal reaches $1.29 an ounce. Discretionary authority for the President A tax the of 50% on speculative profits over on at a to nationalize all domestic price of 50 cents an ounce. silver will probably be carried in bill. The purpose courage of the tax, it speculation so was stated, would be to dis¬ that the Government could pursue its purchase program without wide price fluctuations. The expectations of May 16 materialized. President Roosevelt sent to Congress an legislation On a message May 22 in which he designed "ultimately" to provide increase in the Government's silver would represent reserves. a satisfy It to reported prepared to introduce immediately after the receipt for legislation proponents were willing The proposed bill, which members of the Senate bloc recommended to to Congress policy of Congress to favor the nationalization of silver, but not oppose such said a message silver legislation. tion of legislation which would state that it is the ratio of May 9 that legislation proposed by the on accept suggestions the President had made for the introduc¬ also silver be a President Congress adjourns. The of was the next few days regarding also was the Senate, passage by the present session of Congress "permissive" but not mandatory legislation remonetizing silver, appeared a possibility. At the conference 011 May 8, of was price of On 3. gold a limited price was explored. stocks of silver which would be taken conference, same manner May 16 after silver proponents in the Senate had con¬ ferred with the President at the White House, it was reported employed. have number there having 25% of the monetary value of the metallic sub¬ Secretary of the Treasury Morgenthau admitted silver, but refused in the the holders of the silver of silver use The meeting also explored this During this period heavy purchases of spot silver and May a Secretary of the in the form of silver. failed to agree to some form of silver legislation they might seek to amend the Glass industrial loan bill with a silver of currency. time the world More specifically, the possibility of nationalizing silver in the same manner that the President of the ounce in which gold has already been nationalized ing free stocks at a President, within Senate a fine at any they would seek to have the Government conference between a Meanwhile plans to push the fight for silver legisla¬ legislation a of there said: the in primary monetary basis of conference at the White House a tion Following reserve bill provided that ounce. House. British metallic a The proposed States. have Senators advocating silver remonetization planned to the Secretary of the Treasury all silver stocks in the country ment issued On April 27 the President fer again with President Roosevelt stantiated. a it did the gold, and pay as In present session of Congress. were to so alization said that con¬ signature. 80% of the currency backed by silver, but that at the contracts May 9 submitted to Her¬ on without disturbing world monetary conditions. Other Senators who advocated remonetization and nation¬ having informed Congressional advocates as remonetization in early the week following for Treasury would sell silver and replace the metal later when he Treasury he silver bill, which would be pre¬ a provision that if a relating to the further time Secretary Morgenthau had virtually Treasury to establish and maintain to such indicated so. bill to authorize and direct the Secretary of a gained little encouragement, as reports from Washington said that President Roosevelt had not changed in his opposition was this reported that members of the price of silver exceeded SI.29 legislation making mandatory the remonetization of silver of on it did not actually force the as was language of It also contained May 31 by the passage complete compromise agreement the May 11 it silver should be made send¬ troversial sections of the stock market regulation bill. latter long so to act before it wishes to do which 25% would be silver. portance also was the enactment of the Jones-Costigan bill regulating the importations and marketing of sugar, and the a themselves , the House of reaching of on Morgenthau, far-reaching activities the months, and thus force "direct and Oliphant, General Counsel EVENTS. bloc, which culminated in President Roosevelt legislation, which by included Among these silver ing May let and next six Senator Pittman of Nevada AND National (happenings of paramount importance which oc¬ curred to wait express his perusal and criticism. man FINANCIAL preferred sented to President Roosevelt Spruce Street, New York. corner he States Senate silver bloc and agreed B. that United Administration per copy. WILLIAM the promise silver bill Single copies are sold extra. 6. mandatory" legislation. The President, at a press conference on May 9, indicated that he was willing to consider a com¬ Argentina), Spain, Mexico and Cuba, and $15 in other foreign countries. The subscription price to the Bank and Quotation Record is $10.00 year. added of during the States S. Possessions and Territories; $11.50 in Canada; $13.50 in South and Central America (except a and citizens publications Chronicle, and is issued monthly. Terms for the Chronicle and U. NO Treasury would actually do little to raise the price of the Quotation Record The Bank and Quotation Record is of the Commercial & Financial of Congress, Washington, D. C. York, N. Y., under the Act of March 3 1879. at New monetary stocks so that one-fourth of the value of our monetary Immediately following the receipt of his bill which had been drafted by the Treasury was message introduced by Senator Pittman in the Senate, where it was receive consideration completed action on the as soon as reciprocal tariff bill. the Senate said it would MONTHLY REVIEW is the policy of the United States to increase A declaration that it 1. of silver in our monetary the amount fourths in gold. 2. 3. silver in this country, paying the holders not more than 4. The President is given 50 cents per ounce. permissive authority to nationalize surpluses of just compensation, dealings in monetary silver." profits accruing from dealing in silver. A tax of 50% is imposed on on the bill in the House was limited on May 30, special rule providing for three hours of general debate was adopted by a vote of 214 to 71. The House debate on that day was described in part as follows, in a Washington dispatch to the New York "Herald Tribune": designed to accomplish the above purposes—to be Act of 1934,"—as introduced in the Senate omitted the taxing provision, in order that The bill known consideration. Taber (Rep.) of New York, termed the bin "a racket." He said that the 50% tax on silver profits meant that the other 50% was being handed to "racketeers" who have been buying silver. An amendment by Mr. Taber for a 90% tax was rejected. "The object of this bill," said Mr. Taber, "is to boost the price of silver We of use as a for our paper currency without because of the great of At Representative Louis in ment silver on making began in progress Accordingly, regard as stitute I have begun confer with some of our neighbors in co-ordinated agreement would con¬ an Such an standard of monetary value. a important step forward toward a monetary unit of value more of Pennsylvania, charged (Rep.) of Kansas, said the bill was "I'm not sure," from pressure of silver Senators or for the relief of Senators and Representatives from silver States." Representatives Robert Luce of Massachusetts and George W. Blanchard McGugin Representative Harold relief measure rather a than one of monetary nature. "whether it is for the relief of the President he said, Republicans assailing the bill. of Wisconsin were other criticism and in obstructive tactics The Democrats most conspicuous in included to McFadden (Rep.) T. controlled by Bernard Baruch and James P. War¬ advisor to the President, were large holders of silver. burg, former financial favorable for along this line. the use of both silver and gold, preferably on a to basis, international agree¬ 1878 have conditions been more contained Roosevelt's message to Congress," said Mr. Doughton. President that banking interests ... time since the efforts of this nation to secure no carries out the recommendations "The bill is in accord with and concerted action by all nations, at least a large group of nations, is necessary if a permanent measure value, including both gold and silver, is eventually to be made a world standard. Doughton Defends Bill. Mr. varying forms by the world's population, or Administration. for the introduced it who seriously world supply of silver and its use speeches in behalf of the bill were North Carolina, Chairman of the Ways and Means Committee; A. C. Shallenberger of Nebraska, and Jere Cooper of Tennessee, also members of that Committee, and Martin Dies of Texas, of silver for proceed with this program of increasing our store one-half of the total. who made the leading Democrats in part of the metallic reserves amendment increasing the Representatives R. L. Doughton of disturbing adjustments in world trade. However, an from one-fourth to to say: can (Dem.) of Illinois, failed to obtain approval proportion of silver in monetary reserves Representative Kent Keller should be enabled, should circum¬ stances require, to take over present surpluses of silver in this country not required for industrial uses on payment of just compensation, and to regulate imports, exports and other dealings in monetary silver." Advocating a tax of at least 50% on the profits accruing from dealing in silver, he on of speculators." benefit the for "the Executive authority went through the John Representative He further said co-operation should be sought." ranking minority member of the Ways and who charged that it had been railroaded Committee without proper In his message the President said "some measures for making a greater use of silver in the public interest are appropriate for independent action by us. On others inter¬ national T. attack on the bill was led by Representative A. Republican The Means Committee, which it might not be classified as a measure to raise revenue, would have to be first introduced in the House. a Treadway, of Massachusetts, the "Silver Purchase as and the price received. Debate imports, exports and other and to regulate of the difference of the cost to the transferer, silver equal to 50% on plus allowed expenses, required for industrial uses "on payment of silver not 5. tax when attain this objective. authorized to purchase present accumulations of is President The authorized and directed to make the authority is Executive The purchases of silver necessary to provisions of existing law to provide a transfer Amends the stamp tax , situated, penalties for failure to comply with silver call. and authorizes stocks with the ultimate objective their value in silver and three- silver, no holder may be or where the silver may be matter who the owner or and maintaining one-fourth of of having to require delivery to the Mints of Authorizes the President "permissive" silver legislation suggested by the Presi¬ following proposals: The dent contained the some active in of mandatory silver advocacy Fiesinger of Ohio. price of commodities careful consideration, describing the Among these was Representative William legislation. Fiesinger said that the bill would not raise the Mr. He urged more world markets. in been have who bill "just as a bite of the lemon." equitable and stable in its purchasing and debt-paying power. Secretary of the Treasury Morgenthau, testifying before Ways and Means Committee on May 25, said that the Administration is "very anxious" to retain the 50% tax on speculative silver profits, in the bill. He said that the tax proposed is "very modest," and added that it was "just a profit tax on those who bought and sold silver after May 15 1934." Herman Oliphant, Treasury expert who helped draft the measure, told the Committee that enactment of the bill ultimately will raise the price of silver. House Administration's Approves Before Measure Silver Bill—Hearings Ways and Means Committee and General Debate on Brief—Secretary Morgenthau Heard by Committee. Are The Administration's silver bill, providing for a permissive May 31 vote of 263 to 77. A Republican attempt to recommit the bill to the Ways and Means Committee was defeated by a record vote of 268 to 70 on the same day, and a similar motion was previously defeated on a division vote, 163 to 59. The measure as approved by the House was in virtually the same form as when it had been drafted by the Treasury by a Department, and a series of opposition amendments was easily defeated. The bill declares it the policy of the United States to increase to 25% the proportion of silver to gold in monetary It authorizes the Secretary of the stocks. Treasury to purchase silver and permits the President to In addition it places nationalize all domestic silver stocks. a of 50% on tax The bill silver profits. with Senate the 50% tax measure, silver profits. on except for the inclusion of the It was reported by the Ways and only two days hearing, during which no opposition witnesses appeared to testify. Intro¬ duction of silver legislation in Congress, following a message from President Roosevelt and the hearing before the House after Committee Means Committee, described in the were "Chronicle" of May 26, in the House bill, a Washington dispatch May 31 to the New York "Times" said: and Authorizes home or directs the provides the following: Secretary of the Treasury to buy abroad, but limits purchase price to the monetary value and provides that silver situated in the United States on not be purchased, at a silver whenever the than 25% the stocks the market acquisition, and the directs in of silver May 1 1934 may Government stock of silver is more and silver. certificates against accumulated. of the Treasury to regulate or prohibit the exportation or transportation connection therewith. of silver, and to signing the bill the "that the processing or com¬ means pensatory taxes will not increase, in to be themselves, the price In his statement paid by the ultimate consumers." of May 9 the President said: On Feb. 8 last I sent the Congress a to facts and problems pertaining to the sugar message industry. problem is difficult but can be solved if met squarely gains setting forth certain I said then that "the and if small temporary sacrificed to the ultimate general advantage. are H. R. 8861 which, I am advised, will I have to-day signed rapid approach to the solution of the many vexing and within I permit a difficult problems the industry. continental to message sugar These producers. the Congress last are the February. Jan. 1 shall not exceed of with pound of sugar raw value of the rate the amount of the reduction of a on and among objectives outlined in my Under the terms of the Act the rate of the processing tax duty in effect in will contribute to the economic improvement hope that this Act Hawaii, Puerto Rico, the Virgin Islands, the Philippines, Cuba 1934, as adjusted by our commercial treaty Cuba. Tariff upon the Commission, unanimous recommendations of the I have to-day signed a proclamation, called flexible tariff provisions of duty on sugar. United States under the so- of the Tariff Act of 1930, reducing the rate ./ Using 96-degree Cuban sugar as the unit of measure, this results reduction of the duty from 2 cents to 1% The rate of the processing tax must not tion as This same To in a cents a pound on that sugar. exceed the amount of the reduc¬ adjusted to this unit of measure. means time our compensatory taxes will not increase that the processing or in themselves, the price to own be paid by the ultimate consumers and at producers will have the opportunity to sugar co-operate with the the obtain, fairer return from their product. Secretary the of Agriculture in carrying out provisions of this Act I have designated an informal Committee from the Cabinet. This Committee includes the Secretary of the Interior, who is charged with of Agriculture; the Virgin Islands; the Secretary of War, who is charged with the who is charged with the conduct Those engaged in this Secretary the administra¬ the administration of Hawaii and tion of Puerto Rico and the Philippine in its monetary value or the Secretary to issue silver Secretary importation, reports silver at with approval of the President, price exceeds monetary value of the of silver Authorizes require whenever May 9 signed the Jones-Costigan issued at the time of statement a ■; of the monetary value of stocks of both gold Authorizes In economic status through of Bill. Authorizes the Secretary of the Treasury, sell on control and allotment bill, making sugar a basic com¬ modity under the Agricultural Adjustment Administration and levying a processing tax on all sugar consumed in the United States. At the same time the President proclaimed a reduction of one-half cent a pound in the tariff on imported sugar, making a duty reduction of 25%. The processing tax must not exceed the amount of the tariff reduction. price in excess of 50 cents a fine ounce. Other Provisions to President Roosevelt approved to-day, in addition to declaring the policy of having as one-fourth of the monetary reserves in silver, Control Bill and Cuts Import Limited to Amount of Tariff sugar in the form of benefit payments, a pages 3534-35. As to the provisions The bill Tax Reduction. Acting favorably reported on May 26 by the House Ways and Means Committee. The House bill was identical was Sugar Signs 25%—Processing Duty President said that this increase in the Government's monetary stocks so that silver would represent onb-fourth of the value of the Nation's monetary reserves, was passed by the House on Roosevelt President the House Islands, and the Secretary of State, of our negotiations with Cuba. industry have an opportunity to improve operation of this Act. their I urge their co-operation carrying out its provisions. the newly-enacted bill will be found in May 19 issue of the "Chronicle" on pages 3341-3342. Present when. President Roosevelt signed the JonesCostigan bill on May 9 were Secretary of Agriculture Wallace, Rexford G. Tugwell, Assistant Secretary of Agri¬ culture; Senators Costigan, O'Mahoney and Thomas of Utah; Oscar L. Chapman, Assistant Secretary of the InThe full text of the MONTHLY June, 1934.] terior; Representative Cummings of Colorado, and Marvin of Texas. Four pens were, used by the President in signing the bill. While Senator Costigan, a former member of the Tariff Commission, praised the President's action in reducing the duty on sugar as the first import use of the flexible tariff provisions of the Tariff Act of 1930 to reduce a schedule, it was pointed out in a Washington dispatch May 9 to the Jones New York "Herald Tribune" Arthur Senators that H. Vandenberg, (Rep.) of Michigan, and Huey P. Long (Dem.) of Louisiana, bitterly assailed the tariff reduction. Senator Vandenberg said the action violated Mr. Roosevelt's cam¬ paign pledge not to reduce tariff protection on agricultuial products. On May 9 Associated Press advices from Honolulu stated: Signing of the was sugar received here as a production control bill by President Roosevelt to-day blow to the Hawaiian sugar industry. Commenting the President's action and tariff proclamation, Richard A. Cooke, Vice- on President of the Hawaiian Sugar Planters' Association, said. "I not see how the can Jones-Costigan act 'will contribute to economic betterment of Hawaii.' If the processing tax equals the reduction in the Cuban tariff, and if this were and there would be were no crop no all returned to us, then we would be as we betterment—this is provided we were to have restriction. "However, the processing tax Cuban tariff. collected to on We our may probably shall sugar, and we not be less the reduction than receive all of the in the processing most certainly are going to tax be subjected restrictions." crop on May 31 Acting Secretary of Agriculture Rexford Tugwell proclaimed 4,642,000 short tons of sugar, value, as the total of sugar quotas for areas outside raw the continental United States. determined were The individual quotas, as by Secretary of Agriculture Henry A. Wallace offered in the House to the stock exchange bill for their "Wall Street origin" as fast as they appear, Representative S. Rayburn opened debate on the bill on April 30 with an propaganda" which he charged had been spread to delay or nullify the measure. attack "the on With the conclusion of debate May 2, Associated Press on the bill in the House on accounts from Washington stated that the presence of a "junior member of the brain trust" stirred up a spirited row in the House. With the completion by the House of its action on the bill on May 4, the measure was sent to the Senate. On May 7 the Senate began debate on the bill, the measure having been placed before that body for consideration on motion of Senator Fletcher, Chairman of the Senate Banking and Currency Committee. On May 14 conferees representing the Senate and House were named to adjust the differing provisions of the bills of the two bodies of Congress providing for the Federal regulation of stock exchanges. This action followed the passage by the Senate on May 12 (by a vote of 62 to 13) of the Fletcher bill. Aside from the fact that the Senate roll call, added on rider to its bill, amendments offered by Senator Fletcher (Chairman of the Senate Banking and Currency Committee), liberalizing the provisions of the Securities Act of 1933 there were other a as a essential differences between the two bills, noted in a follows as Washington dispatch May 12 to the New York "Herald Tribune": follows: as April 27. The majority report was submitted by Chair¬ Rayburn. The minority report was presented by Representative Merritt, Republican of Connecticut, who was the only signer. Serving notice that he would "brand" all amendments on man May 12, without Late <J. 9 EEVIEW Short Tons. The House bill provides for the administration of th i proposed Act by Hawaii 917,000 the Federal Trade Commission, with two members added to it, whereas the Puerto Rico 803,000 Senate bill provides for machinery to be known new as a Federal Securities Philippines 1,015,000 Exchange Commission Cuba 1,902,000 President by and with the advice and consent of the Senate. Virgin Islands to be composed 5,000 Bills Differ Total 4,642,000 The Secretary of Agriculture in ascertaining the facts to base his decision as to the quantities of sugar which may be shipped for consumption into continental United States from outside producing areas was assisted by a Cabinet Committee, named by the President for that purpose. Congress Adopts Conference Report on Bill Providing for Federal Regulation of Stock Exchanges—Measure to Be Known as Securities Exchange Supervisory to Act of 1934—New Commission to Act in Capacity—New Measure Embodies Amendments Securities Act of 1933. The completion of Congressional action on the Stock Exchange measure, it went to the White House for the President's signature. Following the action of the conferees in adjusting on May 26 controversial differences between the Senate and House on the so-called Stock Exchange control bill, the conference report was signed by the conferees on May 29, and on May 30 the bill as agreed on in conference was reported to the Senate by Senator Fletcher, Chairman of the Banking and Currency Committee. As agreed on by the conferees and accepted by Congress on June 1, the bill, which is to be known as the Securities Exchange Act of 1934, lodges with a new body—the Securities Exchange Commission—authority to supervise the administration of the Act. be The Commission named is to consist of five members to by the President; this proposal was carried in by the Senate on May 12. Under by the House on May 4, adminis¬ the Fletcher bill, as passed the Rayburn bill, passed tration of the Act had Commission. The been vested in House the Federal Trade conferees agreed not only to yield on this point, but also to agree to the Senate provision transferring the supervision of the Securities Act of 1933 from the Federal Trade Commission, to the new commission provided in the Stock Exchange control bill. As adjusted by the conferees, the bill carries amendments to the Securi¬ ties Act, these amendments having been attached to the bill as a rider as it passed the Senate. bill for the Federal regulation The revised of stock ex¬ changes passed the House on May 4 by a vote of 280 to 84. Before the adoption of the bill the House rejected an amend¬ ment proposed by Representative Bulwinkle (D., N. C.), which would remove administration of the measure from the Federal Trade Commission and place it with a new agency. Debate on the bill in the House was brought under way on Monday, April 30, and was concluded the five-mmute rule on May 2, when permitting amendments from the floor that day, however, the House made but little progress in its consideration of the bill, its time being taken up with the question of authorship of the meas¬ came ure. into force. It On stated that was been accepted more by the House being made, all of which reporting the bill. The bill the form on as than two-thirds of the bill had on were which action May 3 with only four changes sponsored by the Committee was taken by the House was in by the House Committee on Inter-State Commerce and the latter's Sub-Committee. revised and Foreign The Committee's bill was formally reported to the House House bill sets up on Margin Requirement. This standard, from the margin standard. a standpoint of what the customer must "put up," is Senate bill leaves the fixing a of margin requirements which is to administer the proposed law. The 45% margin. to the Commission It authorizes the Commission to prescribe rules and regulations for the purpose of preventing the excessive use of credit for the From the The House purchasing, selling, carrying account same bill did not we attempt Securities Control Act of 1933. trading in securities. or quote: to deal the modification of the with The Senate bill, amended at the instance of Senator Duncan at the last minute, was U. Fletcher, Chairman of the Banking Committee, by the addition of the proposed changes in the Securi¬ ties On June 1 both the Senate and House adopted, without a record vote, the conference report on the bill providing for Federal regulation of Stock Exchanges. With the the of five members appointed by the Control Act, which Exchange bill, are made public were favor of the Administration. some days ago meeting thq as These amendments, now embodied in the Stock intended to mitigate the alleged extreme severity of the 1933 securities control The effect of that law, it has been widely measure. charged, has been to prevent the flotation of securities to such degree extreme an be preventive of recovery. as to With respect to the margin provisions of the House "Times" account from Washington, May 12, noted: a bill The House bill stipulates that the rules governing margins shall be based upon a fixed standard. The standard is "an amount not greater than whichever is the higher of (1) 55 per centum of the current market price a security or (2) during the preceding three current market years, but not more than 75 of the per centum price." These restrictions are, however, subject to revision downward or by the Federal of 100 per centum of the lowest market price of the security Reserve Board when in its opinion a upward situation justifying such action exists. On May 14 Representative Rayburn quoted as saying: amendments to the Securities Act, passed by the Senate, virtually without change." On May 14 the House received the Senate bill, and on motion of Chairman Rayburn of the Inter-State Commerce "the House will accept the Committee named conferees instructed and insist them to the bill passed by the House. Besides Chairman Rayburn, the conferees on the part of the House named on May 14 include Representatives Huddleston of Alabama and Lea of California, Democrats, and Cooper of Ohio and Mapes of Michigan, Republicans. The Senate conferees, appointed by Vice-President Garner, are Fletcher of Florida, Byrnes of South Carolina and Barkley of Kentucky, Democrats, and Goldsborough of on In the Maryland and Couzens of Michigan, Republicans. New York "Times" it for the legislation, in Goldsborough. /. • was one noted that all the conferees voted form the other, except Senator or Incident to the conferees chosen, it was noted on May 15 by the Washington correspondent of the New York "Journal of Commerce" that the failure of (Dem.), of Virginia, to be accorded a Senator place on Carter Glass the Committee created discord in Democratic ranks and led Senator Glass to seek release from membership on the Senate Banking and Currency Committee. It was added in the paper from which we quote that Senator Wagner (Dem.), of New York, also was ignored in the appointment of conferees, despite the fact that he may become the next Chairman. It was further stated: Chairman Fletcher Selects Group. The appointments Banking Committee newspaper to the conference Chairman Fletcher committee (Dem.), . were of . engineered Florida, who by : told correspondents that he had selected Senators who would not throw some proposition into the conference that might wreck the chances of the bill or limit its effectiveness. With this purpose in mind he also MONTHLY 4 REVIEW ' (Rep.), Couzens In (Rep.), of Connecticut, and selected Senator in his stead. passed by Senator Walcott The committee rejected. The Kentuckian agreed to continue as a conferee, but with the members. One suggestion to-day intended free to been that President's statement had been Byrnes from responsibility and the Barkley and reporting the President's views regarding the pending legislation, Washington advices to the "Times" May 16 In before voting on of administration by the Roosevelt came out to-day in favor Federal Trade Commission of Stock Exchanges as measure. in excessive defined in the Senate bill by amendments sponsored number of clarifying amendments to-day as agreed on changes voted to-day was the elimination in the marginal "the excessive reads, now of credit to finance trans¬ use By taking out "speculative", the law will, in the in court and other actions necessary for Senate conferees on the legislation postponement until to-morrow a the conferees, of a Act of 1933 conference scheduled with could receive further they The time rules enact the Senate. and previously set continues in Another amendment instructions from Federal Securities Commission 60 days after the the new to members qualify. afternoon and agreed to stand fast by the inde¬ until commission enforcement. Another amendment approved, transfers administration of the Securities President's attitude, House delegates for this pendent as opinion of the conferees, be relieved of a word which might lead to confusion The two policies were obtained amount . actions in securities." by Senator Glass of Virginia. by the the of credit for speculative purposes. use The sentence in this matter to the independent agency, as the Senate insisted. Upset lower or sections of the word "speculative" as used in the subsection relating to the prefers the 45% margin requirement of the House bill, The President also . One of the in the Senate \ instead of giving discretion raise to the motion to report for final action the bill conference. provided in the House's regulation bill instead of by an independent agency as set up Board Reserve The conference group made a stated in part: President Commerce"^ the on conditions may warrant. On May 29, when the report was signed by a "Times" account from Washington stated: policies. outspoken critic of many of the Administration an Federal possibly too, prompted by the fact that Senator Glass embarrassment and, has was Senators this point, called for 30 days' notice and gave the on May 22 came to an agreement on Senate pro¬ at preventing officials, directors and others from benefitting in securities transactions through the pos¬ session of "inside" information concerning the corporations with which they are connected. On May 26 a complete agreement was reached by House and Senate conferees on the Fletcher-Rayburn Stock Exchange regulation bill. An adjustment of the differences between the two Houses on the bill was made possible when the House conferees agreed to accept the Glass plan to place control of the security exchanges in the hands of a newly created securities exchange control commission. In return the Senate conferees accepted the House margin provisions fixing the margin on securities at 45%, but with power given the by decisions of the other Senate understanding that he could not be bound to-day stock from listing. aimed visions Barkley to-day tendered his resignation from the conference to Senator Fletcher, but, like that of Senator Glass, it was Senator a According to advices to the "Journal of friends of Senator Glass. the Administration as well as close the conferees reports, ' Senate bill, conferees Both are staunch followers of Brynes in a highly delicate situation. corporate on commission authority to poll stockholders on the question. of to-day placed both Senators Barkley The President's announcement action of procedure. resignation of and their to They would give the regulating commission authority to prescribe rules majority leader, refused to accept Senator Glass. On May 16, when President Roosevelt made known that he favored the House bill providing for the administration of the Stock Exchange. Control Act by the Federal Trade Commission, it was indicated that two Democrats named as conferees, viz., Senators Barkley of Kentucky and Byrnes of South Carolina, offered to withdraw in his favor, but Mr. Glass rejected such a plan, according to a "Times" dispatch from Washington (May 16) which also said: Senator Robinson,, the the addition accepted the House provisions on the removal of of Michigan, force promulgated regulations 90 days. was the until by the Commission new Federal Trade can Com¬ mission for enforcement of the Securities Act. President's Personal Views President Roosevelt was much disturbed by reports that his ference. It to influence attempt an as involved in the decision Senate conferees over not feel did that a vital question was further disturbed when Senator Barkley threatened were amendments, sponsored by Senator Glass, and because it sented that the Senate conferees would was on matter was "now a closed Bill Passes for would include the House's adminis¬ measure and margin provisions on Stock Exchange regula¬ tions, and all the amendments to the Securities Act of 1933, with the exception of those pertaining to the activities of "protective committees." The proposed amendments to the Securities Act were carried in a rider to the bill as passed on May 12. Stating in its May that the conferees on that date eliminated one by the Senate 24 dispatch major point Regulation of Commodity passed the bill for regulation and and cotton exchanges. Re¬ cording the House action on the bill the New York "Times" in its issue of June 5 under a Washington date of June 4, control The task of adjusting the differences Senate bills providing for Federal trative Federal On June 4 the House he regretted Mr. Barkley's action, and certain that the is Exchanges. incident." between the House regulation of Stock Exchanges occupied the attention of the conferees during the week ended May 26. From Washington (May 24) the New York "Times" reported that it appeared fairly which on House This difficulty free agent. Senator Robir.son, the conference committee, but as a the Democratic leader, said that while bill, 3691-3692. had been repre¬ yield to the House. control conferees submitted to and adjusted, however, by an understanding that Senator Barkley would remain the agreed the what form of control administered the new law. conferee, because he felt pledged to the two important Senate to resign as a Exchange in conference and embodied in the report of approved by Congress, was given in full in the June 2 issue of the "Chronicle" on pages as President the that Stock designated the "Securities Exchange Act of 1934," carries amendments to the Securities Act of 1933, these forming Title II of the stock exchange measure; these amendments the conference. , said was so-called The position was It was stated emphatically at the White House that his personal views were expressed, and they were not designed in any way to preclude a free and open con¬ interpreted of Nation's grain the stated: "Legislation ! bring to grain and exchanges cotton under Government control was passed by the House to-day and sent to the Senate without a single The objection. measure taken was up unexpectedly under suspension of the rules and passed without a record vote the Senate was opposition in Its disposition in in less than an hour. uncertain, however, not only because of the press of major legislation that must be acted some quarters, before adjournment, but because of stiff on particularly to regulating the cotton exchanges. Designed primarily to curb speculation the bill would set up a commission which would have full leeway in fixing the limits might hold at one of futures that an individua time, and also in restricting price fluctuations. . . . would not apply to bona-fide Trading limitations under the measure of hedging transactions, and "spreads" or straddles" could be limited at the 1933 commission's controversy, the amendments to the Securities Act of relating to the activities of bondholders' protective committees, the "Times" account continued in part: The "protective committee" amendments, written by Chairman Fletcher of the Senate Committee on Banking and to Currency, have been subjected steady fire from real estate organizations and corporations who com¬ plained that they would work a hardship grave rather than ease the situation. The conferees debated the protective two hours to-day and then voted to eliminate them. that Senator Fletcher might seek to restore There was some talk them in a modified form, but this is thought unlikely. was "considerably sympathy" for liberal amending of the Securities Act, and that a indicated the belief that the problem workable could be majority of the conference of making the Securities Act more adequately dealt with in the pending bill. interpreted to was a more mean that further amendatory action probably The amendments on "protective committees" would have brought such under stricter control of the administration commission. mission would mittees and have had power to call for make the members subject The conferees The com¬ monthly reports by such com¬ to the penalty v' statute. provisions of the v:' ■ ' ,.>7'; May 21 in considering the question as to the Stock Exchange regulating commis¬ sion should possess to require financial reports and state¬ ments from corporations, the securities of which are listed, accepted a Senate provision giving the commission au¬ thority to require whatever information it might deem necessary for the protection of investors when a new issue how much to was from be on power listed. Associated Washington added: Press advices on that date money language of the House bill limiting the frequency of financial reports to quarterly, leaving unchanged a clause requiring the corporations to keep the original informa¬ reasonably up to date. fixed not would be empowered to license futures be in the measure, treated as trust although it would require that funds, deposited with trust companies except the amount necessary to cover with the tion banks or transactions deposited clearing house organization on contract market members. or six months or revocation of license would be the penalty up to refusal of would be punished a Individual violations board of trade to comply. by denial of trading privileges on the markets or revoca¬ of licenses. Continued refusal of ishable by a director, board of trade or any officer, agent or fine of $500 to $10,000 and six months to a year's imprisonment, a with each day's violation constituting a separate offense." On May 4 when the House Agricultural Committee ap¬ proved a revised bill for regulation of commodity exchanges, The bill would regulations for set up a operations amount of futures special board with authority to of the exchanges, the passage make various particularly in limiting the holdings by any individual at one price at one time. Such practices as "wash sales", indemnity The exchanges, trading and the like are banned. through their spokesmen, opposed in extended hearings of legislation at this time, pointing out that the Grain Ex¬ change code went into effect only last month and that it should be given a chance to show what it will do to remedy conditions complained of. A formal report on the bill for the regulation of commodity exchanges was filed by the House Committee on Agriculture on May 10. The Committee voted on May 4 to report the bill, Associated Press advices May 4 stating: Turning deaf lation 7 For the period after listing, however, they approved the tion margin are Associated Press advices from Washington said: would be taken at the next sassion of Congress. groups Margins employee to abide by the Secretary's rules and regulations would be pun¬ One conferee stated that there not of Agriculture commission merchants and floor brokers. for failure committee amendments more than discretion. Secretary Suspension More Liberal Changes Forecast. This The be ears to withheld the pleas of commodity market operators that legis¬ until the recently effective been given a trial, the Committee, mission should be set up to limit grains, and to put trading and a by Grain Exchange code had 21 to 2 vote, recommended a con- the futures trading in wheat and other practices as "Avash stop to such "bucket shops." a , : 7 sales", indemnity June, 1934.] MONTHLY REVIEW On May 14 the House Agricultural Committee voted to cotton exchanges among the commodity markets to be regulated by the measure. As explained in advices May 14 to the New York "Journal of Commerce" from Washington, the action of the Committee May 14, was taken Partial income tax publicity. include at secret a Elimination of consolidated corporation returns. Repeal of the 8% normal tax on individual net with surtaxes A In reporting the bill May 10 the Committee said that it is "in no sense a relief or emergency measure," but nevertheless A report the on bill commodities many said the a 5% levy to raise wheat, rice, corn, oats, barley, rye, Chairman Jones indicated if it cotton Ellison to ex¬ out as it stands would apply only feature D. flaxseed, grain sorghums and mill were as decided to include the cotton is certain calls for a and Commerce and the and outlaws to encounter bill In opposition. to fix limits futures on 14 to the "Journal of as no reason assigned for inclusion of was cotton as of the one The old 8% in modities subject to the provisions of the Grain Futures Act, it is believed that the action was based on fears expressed by now passage of the securities exchange bill would drive the pro¬ fessional speculators into the commodity markets. This.it is said, also caused proponents of the measure to press for legis¬ lation after it had been generally admitted that no action would be taken this season. Possibility of the speculators transferring their activities from markets the to Committee in a was brought to the attention of the letter from Secretary Wallace to Chairman Jones in which he declared that such speculative "I do not mean to activity would bring "harmful results." suggest that speculation in all its aspects is harmful to the commodity markets," the Secretary said, "but it is clear from past experience that unbridled speculation and speculation of the type which itself asserts in markets not properly regulate! is not only a dangerous threat to the recovery program, but may be the means of again plunging the country into a depression such as followed the wild speculation in which the people were induced to participate in 1929." President Roosevelt Signs $417,000,000 Revenue Bill Following Approval of Conference Report by Congress—70% Couzens Super-Tax Defeated—President Asks Congress to Reconsider Tax on Philippine Coconut Oil Imposed in Act—rPrincipal Provisions of New Legislation. President Roosevelt on bill. from the Philippine Islands, under the provisions of the Revenue Act. The President suggested that the question of a tax on coconut oil be studied further between now and The message was referred to the House Ways and Means Committee and the Senate Finance Committee. ton reports said that it unlikely that Congress would act the matter of the tax before adjournment of the present on session. V . . ■ President Roosevelt listed three Congress should reconsider 1. It is a withdrawal of an offer made the Philippines. 2. Its why he believed They were: by Congress to the people of enforcement at this time would produce "a serious condition the Philippine Islands." 3. No effort has been made to work out a compromise "which would be less unjust to the Philippine people and at the same time attain, even if more in the slowly, the object of helping the butter and animal fat industry United States." The President pointed out dence bill provided that that the Philippine Indepen¬ 448,000,000 pounds of coconut oil could be imported duty free from the Philippines each year, and that the people of the Philippines accepted the provisions of that Act The with that President deducted from his signature to the revenue bill Congressional leaders and Treasury and officers. According to from press accounts Washington, Senator Harrison of Mississippi and Representative Doughton of North Carolina, the Chairmen Finance and House Ways and Means Com¬ mittees, who steered the legislation through Congress were present, together with other Committee members and Secretary of the Treasury Morgenthau. The bill, as placed on the statute book, does not carry the 10% Couzens super¬ tax on incomes. Associated Press accounts from Wash¬ ington summarized on May 10 features of the newly enacted legislation, as follows: The new Heavier on rose to on 55% on those : - depression 29 brackets to 59% rate started at 1% on the excess through 53 brackets was From years. taxable income direct result of Senate testi¬ a houses now paid income no capital losses on, taxes may only to the extent of capital gains, For tax purposes, held less than one capital gains to 10, measured are 80% if from year, five, 40% from five one and 30% if to be with at 100% if \the asset is 60% from two to two years, than more 10 years. Partnership allowances for losses are limited to the extent of gains from the sale of capital assets. A new gift tax schedule runs curtail deductions to exactly three-quarters of the estate taxes. Charge-offs arising from exchanges of stock and corporate reorganiza¬ tions limited. are New language will seek to insure that gasoline and oil taxes paid are by the original producer. to raise ciation much as Though not in the law, the Treasury expects $85,000,000 by more rigid administration of depre¬ as allowances. Publicity Provision—Repeal of Check Tax. The new publicity provision will open to public inspection a separate statement to be filed by income tax payers giving the gross and net income total deductions and credits and the tax payable. worth on candy and soft drinks, furs valued up to $75 and jewelry not than $25 are repealed. The five cents a $100 tax on the more sale of produce for future the date for From the "Times" delivery is slashed to three cents. Jan. 1 is set as repealing the bank check tax. Washington we account May 10 to the New York quote: The chief revenue increase in the lawT will come through the re-establish¬ tax on the declared value of all corporate stocks, and of the 0.1% ment the companion from exacted excess-profits levy to compel going business concerns, 000,000 annually in new revenue. its compliance. is expected to This yield at least tax, $95,- It demonstrated that earning capacity when in force in financing the $3,300,000,000 public works program. Second in importance among the increases is the new estate tax, with rates in ranging from 1 to 60% and calculated new The to yield $90,000,000 annually revenue. new income tax structure, applicable to incomes for this calendar year and returnable next March 15, aims to shift the burden partly from the "earned income" class to those whose incomes come from "unearned" sources, such as stock dividends and partially tax-exempt securities. The revenue Roosevelt's bill went to the White House for President approval May 3, when the Senate approved House action which eliminated the Couzens 10% super-tax on all incomes and adopted the conference The measure. May on without House The 1. had Senate record vote. a report on the approved the conference report accepted the conference report The conference report on the bill adopted by the House on May 1 by a vote of 253 to As explained by Representative Hill, who presented the conference report for the consideration of the House, about 185 amendments were put in the House bill by the Senate, and the conferees agreed upon all these amendments except amendment No. 1, which he noted was the table of contents, and purely clerical, and amendment No. 13, the so-called 10% emergency (Couzens) tax; as to the latter, higher incomes, and personal holding companies. 106. Mr. Hill said Amendment in No. part: 13 10% super-tax is the so-called upon "Couzens amendment," which im¬ the total normal and surtax which the individual taxpayer pays under the permanent tax set-up and is only for the year 1934. We are going to take up amendment No. 13 at a later time, but I simply wanted the House to understand that the super-tax or the so-called "Couzens amendment" is not involved in the conference report. We will have sepa¬ rate discussion and separate consideration of amendment is in No. 13, which disagreement between the conferees of the House and the conferees So in voting upon the conference report you are not voting of the Senate. this provision seeking to impose this super-tax of 10%. upon As I have said, there by the Senate. are I purely clerical or 185 amendments imposed on the House bill that approximately 175 of these amendments were may say clarifying amendments that do way modify the provisions of the bill that the members of the and clerical amendments. which House There are are as not a it passed concerned not in any substantial the House, and I feel with these of concrete interest to you and I shall briefly touch upon them. The Senate amended the House bill as to surtaxes are increased gifts, estate transfers, corporations clarifying number of amendments, however, by imposing law provides: taxes and swell through Previously the the exception that $2,000 of any excess loss may be charged off from ordinary income. * o poses a understanding. affixed in the presence of Internal Revenue of the Senate of the some $4,000 is eliminated, but was many thousands of families in among reasons the tax. 4% $1,000,000. that partners in New York banking mony in Washing¬ was net incomes above A new capital gain and loss provision next January "in order that the spirit and intent" of the Philippine Independence Act "be more closely followed." on $1,000,000. over Taxes May 10 signed the $417,000,000 Detailed provisions of the measure, which is designed to "plug loopholes" in the present income tax law and which at the same time revises the normal and surtax brackets and levies additional taxes, were given in the "Chronicle" of May 5, pages 3022-23. One of the most important changes made in the tax structure by the new law is its limitation of consolidated income tax returns. President Roosevelt, in a special message to Congress on May 28, asked that early action be taken to reconsider the three-cent processing tax imposed on coconut oil imported revenue normal tax between $6,000 and $10,000 and the stock commodity markets file consolidated returns for themselves begin at $4,000 instead of $6,000. These surtaxes start at Secretary of Agriculture Wallace that may new surtaxes com¬ 1 to 60%, State inheritance dependent, Commerce" the decision to include cotton exchanges follows: on which may be deducted from net income to give the taxable income. A 10% credit is allowed for all earned net income up to $14,000, thereby reducing payments on small incomes. trading, on Credits subsidiaries. The number of existing practices. a to 45. increase. The privilege is abolished for other corporations. income tax schedules levy a flat 4% normal rate on the first $4,000 of individual net income. They retain the $1,000 exemption for single persons, $2,500 for married and $400 for each minor Senate the the transfer of estates after death ranged from on not allowed on the are excesses over While 12^%of that capital were estimated the largest single items in the Act. imposed to finance the public works program, but went were Only railroads henceforth and board composed of the Secretaries of Agriculture Attorney-General dispatch May commented the the declared value of corporation capital stock on earnings above compared with the old range of 1 taxes Smith,- Chairman of the Agriculture Committee, is opposed measure The tax on automatically with repeal. New levies regulation of cotton exchanges. The on opportunities markets, the change probably would be made by an amendment in the House. Whether the bill will be enacted at this session is problematical. The $4,000, Neiv Income Tax Schedules Consolidated Returns. The bill, of which Mr. Jones is the author, to tax incomes above of $6,000. $95,000,000 annually for given them. feeds. $4,000 instead 1935. l-10th of 1% and These taxes formal at three-cent-a-pound June 30 urged its early enactment. Associated Press Washington advices May 10 noted the Committee's report as follows: Committee's start Philippine coconut oil, the revenue to be Treasury. Experts estimated the full effect of the law will not be felt until 1935. They counted on only $167,000,000 by the end of the next fiscal year on previous stand. The to returned to the Island meeting at which the Committee reversed its changes "have failed utterly" in self-regulation despite 5 fused to rate of surtax in recede upon the lower brackets. a greatly The House conferees this amendment except upon the basis of reduced rate in lieu of the Senate rates. a re¬ greatly REVIEW MONTHLY 6 the taxpayers an House bill, through increased rates in the brackets from $10,000 to $25,000. The House conferees accepted the amendment with the modification that these rates be reduced more nearly to the level of the House rates, so that the lower brackets did not receive the shock of the increase and, as modified, will raise $9,000,000 additional to the House bill instead of $28,000,000. amendment Senate The would have imposed upon additional $28,000,000 over the by the Corporation which was of May 19, page 3371. the tax revision bill was filed April 30. The conference agreement on the not signed by Senator Reed or Representatives The conference report on with the House measure was Treadway and Bacharach. Senator Reed said the bill was "confiscatory and burdensome in the extreme to every group of Federal Home Loan Banks of 4%. authority of the Federal Home Loan Bank Board, announced May 24, Federal Home Loan Banks are per¬ mitted to make advances to their 2,484 member financial institutions at a rate as low as 4%. The maximum is 5%, and this had been the rate up to this time on all advances, it was noted in a Washington dispatch (May 24) to the New York "Times," in which it was also stated: given in our issue of April 28, page 2844. Further detaih were given in the "Chronicle" of May 5, page 3022. The full text of the Revenue Act is contained in a special supplement issued with the Roosevelt President Government in zens Signs Fight it was "likely that loans between "Chronicle" May 19. and short-term loans between 4A and 5%." "Member institutions, particularly in the East," said 4 and 4 A% Bills Designed to Aid Federal Organized Crime—Calls Upon Citi¬ May 18 signed six bills designed enlarge the authority of the Department of Justice in combating organized crime. The President at the same time issued a statement in which he said that the laws constitute "a renewed challenge on the part of the Federal Government to inter-State crime." He said that the new "By reducing the to de¬ sign¬ said that they would criminals have evaded Federal capture and punishment." He added that his De¬ partment would continue "without abatement its warfare ing by the President of the six bills, close "many loopholes through which the underworld." We quote from a Washington dispatch of May 18 to the New York "Times," summarizing the principal features of the six new The bills laws: signed make it a Federal offense, punishable with heavy fines Federal agent or officer on duty, to rob a participate in a riot at a Federal prison and to imprisonment, to assault a Federal bank, to incite or send in any form across a State line. strengthens the so-called "Lindbergh kidnaping law" by kidnaping bill Another giving a or ransom notes Mr. jury power to authorize a death sentence where the victim has not It makes it a Federal crime to carry a kidnaped State line and makes a seven-day disappearance evidence that a kidnaping victim has been so transported. It is also declared a Federal offense to goods, including bonds and money in transport across a State line stolen Items regarding the Congressional action on these bills appeared in the "Chronicle' of May 12, pages 3199, 3200, and May 19, page 3375. The text of the bills as signed by the President, will be found in our June 2 issue, page 3703. President Roosevelt Signs Johnson by Public bill Limiting Rate Contests Utilities to State Courts. May 15 President Roosevelt signed the Johnson bill to prevent public utilities from taking rate orders of State Commissions into Federal District Courts. The utilities, however, may appeal the final decisions of State Courts to the United States Supreme Court. The bill passed the Senate without a record vote on Feb. 9, and as noted in the "Chronicle" of May 12 (page 3196) it passed the House on May 9, the Senate on May 10 agreeing to a House amendment which would prevent Federal Dis¬ trict Courts from acting on appeal from "any rate-making On body of any enacted bill page 3585. Rate of 3% political subdivision." The text of the newlywas given in the "Chronicle" of May 26, Established on Neu) Bonds to Be Issued by Home Corporation—To Be Exchangeable for Present borrowers. 3% Bonds of Federal Farm Mortgage New 3 A% but interest rates charged to their sections to lower the mortgage many home-owner Issue Program Continuing in Corporation to Replace of Refinancing Farm Indebtedness. Myers, Governor of the FX A, announced on May Federal Farm Mortgage Corporation, bearing 3% interest per annum, dated May 15 1934, callable in 10 years and maturing in 15 years, would be used beginning that day, in place of 334% bonds callable in 10 years and maturing in 30 years, in continuing the program of refi¬ nancing of farm indebtedness. In other respects, said the announcement, these bonds are identical to the 3*4% bonds, being unconditionally guaranteed by the United States Government as to principal and interest. Governor Myers pointed out that the 334% bonds have been selling substantially above par and that it is the pur¬ pose of the FCA to fix an interest rate on these bonds as issued which will insure the bonds selling at approximately W. I. 21 that bonds of the He pointed to the 3% bonds of the par. United States callable in 20, as selling being quoted May 19 at 100 23-32. Treasury, maturing in 17 years and above par, lA% Federal Intermediate of Rate Discount presumptive in excess of $5,000. expand hot only their lendable resources, institutions will be able to been returned unharmed. person across a which have become members of such banks." Fahey expects that by reducing the rate on bank advances member financing institutions termination." Attorney-General Cummings, commenting upon the individuals but only to home These banks do not loan to Loan Banks. he called citizens, "individually and as organized groups, recognize the facts and meet them with courage and minimum bank rate to 4% it is expected that marked long-term lending activity by the Federal Home stimulus will be given to pledged the upon organized ciime; He to be unrelenting in its fight, and inroads upon or able to were legislation would provide additional equipment for the Department of Justice to aid local authorities, and ex¬ pressed his confidence that the Department will make still on Chairman Fahey, regional Home Loan Banks, credit. President Roosevelt on Government borrow at 5% from the convenient long-term loans thus obtainable, because they borrow elsewhere at lower rates, although only on short-term spite of the in to greater the Federal Home Loan Bank Board said to-day most of the banks from now on will make long-term "were not inclined to Co-operate. to regional bank are vested with discretionary of each directors While power, Six on Authorized to Reduce Rate to Minimum Under Details of the conference agreement were taxpayers." published in the "Chronicle" Credit Banks 2%.—Interest Rate on New Loans from Corporation Lowered from 5A% to 5%. to Credit Reduced Production Myers, of the Farm Credit Administration, May 15 that the discount rate of the 12 Federal Intermediate Credit banks would be lowered from 2*4 % to Governor W. I. announced on 2% on May 16 throughout the United States. The following day (May' 16) Governor Myers announced a reduction of 34% to 5% in the interest rate on new loans and advances made by the Production Credit Associations throughout the will which second to was made banks The changes in the effective immediately. country, rates of both the associations, Credit banks and the Credit effect until further notice, are the be made in two months. The earlier reduction in remain on March 16, at which time the rate of the Credit 234%, and that of the Credit lowered from 3% to was Associations from 6% to 534%. Reference to these changes were made in the "Chronicle" of March 17, page 1840., In announcements the of changes, latest the issued May 15 and May 16, Governor Myers said that the reduc¬ tions in the interest rate on new loans from Production Credit to 5%, and the discount rate of the 2%, are "made pos¬ corporations Federal Intermediate Credit banks to by a recent sale of Federal Intermediate Credit bank debentures, which carried an unusually low rate of interest,, sible and heavily oversubscribed." were Owners' Loan 4% Bonds. bonds of the HOLC was announced on April 28. On the previous day President Roosevelt signed the bill guaranteeing principal as well as interest on bonds of the Corporation. The text of this bill as enacted into law was given ip. the "Chronicle" of May The establishment of a rate of 3 % on the new 12, page 3162. According to John H. Fahey, Chairman of the Federal Home Loan Bank Board, the rate was established by the Board with the approval of Secretary of the Treasury Morgenthau. The 3% bonds will be dated May 1 1934 and will mature May 1 1952. Interest will be payable May 1 and Nov. 1 and the bonds will be callable on any interest date on May 1 1944 at par and accrued interest. Holders present 4% bonds have the privilege of exchanging them for the new 3% bonds at any time during the period of six months, through presentation of their bonds at the United States Treasury, unless the Board should decide to retire them at an earlier date. In that event, under the provision of the law, they would be taken up at par. It is pointed out that while the principal and interest on the new bonds are and after of the guaranteed by the Government, the Government guarantee on the 4% bonds covered only the interest for 18 years. Misunderstanding and confusion which had arisen from an announcement on May 7 relative to conversion of the outstanding 4% bonds of the Home Owners' Loan Cor¬ poration prompted the issuance on May 10 of a statement of 2% $32,500,000 Debentures Credit Banks—Books Offered by Closed Following Federal Intermediate Over-Subscription. Charles R. Dunn, fiscal agent in New York of the Federal Intermediate Credit banks, announced on May 8 an offering of $32,500,000 debentures of this Government-owned banking system. On May 9 Mr. Dunn announced that the offering was oversubscribed four times and that the books A description of the debentures was issued follows: had been closed. May 8 on as The securities, They are for the new carrying 2% coupons, will mature in six priced to yield slightly less than the coupon 12 Federal Intermediate Credit Banks will while $20,000,000 will be used for money, amount of debentures and nine months. This financing rate. involve $12,500,000 of the retirement of a similar maturing May 15. The announcement further said: After this financing is completed there institutions, the lowest so ever far as will be $171,000,000 debentures which is the largest amount in the of the banks outstanding, available records show. placed debentures. on months ago and has since history of the The coupon rate of 2% is._ The rate was first affixed been maintained on all financing several for the credit banks. President Child Roosevelt, Labor and in Executive Fair Order, Practice Ends Exemption from by Employers in Provisions Small Towns. President Roosevelt, in an and made more than Executive Order issued May 15,. public May 20, directed that employers with not three establishments in towns of 2,500 population MONTHLY June, 1934.] less which must comply with practice provisions of the NIRA. This modified an earlier Executive Order, which had exempted such employers from compliance with the President's Re¬ employment Agreement or with codes. Such employers are still exempt, however, from wage and hour, minimum price, and assessment provisions. The Executive Order said: or are not in industrial areas, President Roosevelt Vetoes Bill Guaranteeing Minimum Substitute child labor and fair This exemption is intended to relieve small enterprises in from fixed obligations which might impose exceptional enterprises small town3 hardship, but all such the expected to conform to the fullest extent possible with are requirements which otherwise would be obligatory upon them. The full of text the "Chronicle" May 26, House Passes Bill May Road Con¬ to States for on motion to recommit the bill to Committee with an Farley May 1 vetoed a bill fixing minimum employees, and in his message to the House of Representatives said that the bill was "contrary to public policy" in that it provides com¬ pensation to a certain, class of employees regardless of the need for their services. "It is discriminatory," he added, "and establishes a precedent which, if followed, would un¬ doubtedly lead to many abuses." In another statement issued after affixing his veto the President said that his dis¬ for Post on Office substitute not based was much so his desire for on economy as on "the broad consideration of and the management of the postal service." public policy The bill would have required the Post Office May 11 approved the Cartwright bill, which would set aside $460,000,000 from Fed¬ eral relief funds to be given to the States for road construc¬ tion. The vote was 255 to 26, and after passage the measure was sent to the Senate. There, according to newspaper re¬ ports from Washington, no action is likely to be taken on the bill during the present session of Congress. During the House debate charges were made that the bill constituted a "pork barrel" appropriation. A Washington dispatch, May 11, to the New York "Times" said that many Representa¬ tives privately admitted that, the bill would not be approved by the Senate, and remarked that nevertheless it was a splendid "vote-getter." Before the bill was passed by the House, on May 11, it rejected by a vote of 207 in opposition to 85 in favor, a Representatives Wage for Employees—Postmaster-General President Roosevelt wages struction. The House of Postal Recommended Its Disapproval. approval of the bill Allot $460,000,000 to appeared in the order 15 3535. page 7 REVIEW Department to retain all of the 26,000 substitute workers it now employs and to pay them minimum wages of approximately $60 per month. The President said that the purposes of the bill practically been carried out through a revision of economy orders in the Post Office Department which was recently made by Postmaster-General Farley. President Roosevelt vetoed the bill after the receipt of a letter from Mr. Farley, in which the latter said that Congress passed the bill considering it as a relief measure. Mr. Farley said that he did not feel it proper "for the Post Office Department to function as a relief agency" in this instance. The Presi¬ dent's veto message will be found in the "Chronicle" May 5, had 3024. page President Roosevelt Signs Bill Passed by Congress Appropriating $200,000 amend¬ for Federal Participation in Chicago World's Fair Centennial Celebration. ment to provide that "no part of any money authorized to be appropriated by this Act shall be used to purchase or contract for any article other than those of the growth, pro¬ duction, or manufacture of the United States notwithstandthat such articles of the growth, production President Roosevelt Asks manufacture or of the United States cost more, if such excess unreasonable." of cost be not On May 21 President Roosevelt signed the bill passed by Congress authorizing the appropriation of $200,000 for participation in the second year of the Chicago World's Fair Centennial Celebration. The bill was passed by the Senate on April 17; in an amended form the House passed the bill May 10, the Senate agreeing to the amend¬ ments on May 11. Federal Congress to Enact Housing Legislation House Passes Bill Designed to Promote Flow of Private Funds struction—Bill Introduced Insure Construction Repair, Creation of Two Would Provide Mortgages, Federal Insurance into New $300,000,000 &c.—Provides to for Corporations. President Roosevelt, in a special message to Congress on May 14, asked for the enactment of legislation designed to stimulate housing construction and renovation in the United States, particularly in the field of residential building. Immediately after the receipt of the message an Administra¬ tion housing bill was introduced simultaneously by Senator Fletcher and Representative Steagall, and was referred to the Banking Committees of the Senate and House, of which Mr. Fletcher and Mr. Steagall are the respective Chairman. Senator Robinson of Arkansas said on May 14 that the new bill wrould require at least three weeks for consideration, while other Senate leaders predicted it would delay adjourn¬ ment of Congress until late in June. President Roosevelt in his message outlined a four-point which provides for Federal insurance of repair and and certificates issued by building Specifically, the program as em¬ bodied in the bill introduced in Congress covers the following principal points: program construction mortgages and loan associations. It provides for 1. a Federal long-term loans at low interest rates, with maximum of $2,000 to any individual, for the modernization of all types of real 2. property, with The Government particular emphasis would guarantee , on residential building. mortgages new on existing resi¬ dences up to "60% of currently appraised value," and guarantee mortgages on newly constructed homes up to Mortgage associations would be privately organized, "under Federal supervision," to furnish low-cost, long-term financing for home owners builders under certain safeguards. 4. The Federal Government would deposits are now the shares and same that a Nation to Approve Montevideo Pact—President Roosevelt Also Signs Bill Passed by Rights in The Senate 31 1929 The a vote Acquiring to Acquisition $5,000—Includes of Assets American Provision of Banks Closed "Per¬ for Since Dec. by FDIC, at Cost Up to $1,000,000,000. House of Representatives late on May 24 passed, by of 175 to 0, a revised bank deposit guarantee bill, to which was added Insurance rider authorizing the Federal Deposit a Corporation to take over the assets of banks closed since Dec. 31 1929, at a cost of not more than $1,000,000.000. This provision was known to have the opposition of President would Roosevelt. be provided Funds for financing this program by expanding the capital stock of the FDIC and the Treasury Department would be authorized to buy or sell debentures and other bonds and securities to furnish fund. the The bill favorably reported on in substantially this form was May 21 by the House Banking and It would guarantee deposits up to Currency Committee. $5,000 for one year after July 1, as compared with only $2,500 under the Banking Act of 1933, and the same amount in bill the passed by the Chronicle" cial Senate March of 24, May 24 action of the House on March 12. Reference page were 1999. Details Finan¬ of the given in the "Chronicle" May 20, page 3525. Committee Senate Favorably Reports Revised Congress Granting Equal Citizenship. Wagner Labor Approval at Present Session. Federal Home Credit Insurance to First missive" Bill—President Roosevelt Said to Desire Ratifies Equal Rights Nationality Treaty Making United States One-Year Extension of Bank Deposit Guaranteet Increasing Amount certificates manner administer the legislation. This agency would have an authorized capital of not more than $200,000000 to be furnished by the Treasury. The bill would also set up the Federal Savings and Loan Insurance Corporation, with a capital of $100,000,000, to insure the shares of build¬ ing and loan associations within certain limits. The Presi¬ dent's message was given in the "Chronicle" of May 19, page 3377. * Senate on House Approves insured. The bill would establish Corporation May 29, by a vote of 255 to 95, passed the Celler bill to provide for the establishment of a "free trade zone" in every port of entry in the United States. The bill, known as the "Celler Free Port bill," provides that foreign and domestic merchandise may be brought into foreign trade, or free zones, without being subject to our customs laws. of insure of "sound" building and loan associations, much in the bank The House to the Senate bill was made in the "Commercial and 80% of appraised value. 3. or Establishing Free Zones for Foreign Trade. Con¬ The revised Wagner bill labor board workers the to to provide for the creation of a adjudicate disputes between employers and favorably reported to the Senate was Committee on Education and Labor. May 26 by on Senator Walsh, Chairman of the Committee,, said on May 23 that President Roosevelt hoped the measure would be approved during the of Congress. Reports from Washington, indicated that it appeared doubtful if the bill could be acted upon before adjournment, since Senator Rob¬ inson, the Democratic leader, has announced that no legisla¬ present session however, tion would silver be considered bills have been until the disposed of. reciprocal Action of tariff the and Senate Committee in reporting the measure was said to have been May 24 unanimously voted to ratify the equal rights nationality treaty negotiated at the Pan-Ameri¬ can Conference, which was held in Montevideo last winter. on This action made the United States the first nation in the world to ratify the international agreement which guarantees equal nationality rights to both men and women. On the day (May 24) President Roosevelt signed the DicksteinCopeland bill, designed to remove discrimination regarding nationality in American laws. The principal provisions of this measure were noted in the May 26 issue of the "Chronicle" on pages 3535-36. same hastened by the increasing number of industrial disputes. The bill, as reported by the Committee, provides for the creation of a National Industrial Adjustment substitute for the present National Labor Board. is directed to ment is enforce the law and necessary. Senator acts Walsh Board as a The Board only viien enforce¬ has stated that the primary object of the bill is to clarify rather than extend existing law governing the relations between employers and employees. The Committee's report said that the bill does not require any employee to join any form of labor organiza¬ tion, nor does it permit the Industrial Adjustment Board 8 MONTHLY "or other branch or agency any of the Government to fix to establishment signing of the bill, visions of bill the iliree Financial Chronicle" of June 2, page 3705. Conference Report Contracts. ' sale ■ bill Mail approved was of 260 agreement on the bill was reached ferees. The bill provides for 22. to record vote a on The con¬ Assembly reduction from 8c. to 6c. an beginning July 1. The base rate of pay to bidding air mail contractors may not exceed 33 l/3c. an airplane mile for loads under 300 pounds, and 40c. a 2839. the The Air Commerce Senate, Mail bill, 28, under which let contracts for the McKeilar-Black the Postmaster-General san air mail situation the next Congress. without record a then recommend broad a would The House in the substitute bill Senate The a viva voce House the on Indicates and Desire Relief for Warns Against Excess President Roosevelt, in a Budget of the vote its 1936 Fiscal Year fiscal year 1936, and said that an appropriation of $1,322,000,000 would "make more difficult, if impossible," an actual balanced budget at that time unless taxes were greatly increased. He present estimates "should be sufficient of the emergencies of relief as said a that whole and of orderly to Federal Government since the delivery of his budget last January have proceeded at a slower rate than estimated, but he said that although the deficit for then the current fiscal year "appropriations to be are will be less than had been anticipated, still in force and the amounts actually expended during the following fiscal year will, there¬ be increased over and above my estimate for that fore, fiscal year." He called attention in this connection to the fact that during the 1935 fiscal year there will be expended public works $1,500,000,000 out of appropriations already made. his desire message for a the President balanced several budget in the times 1936 stressed fiscal year, his an'd quoted from his budget message of Jan. 3 1934, in which he stated that the foundation of confidence is necessary to recovery and that "the cornerstone of this foundation is the good credit of the Government." In his Januarv mes¬ the President had estimated that for the period end¬ ing June 30 1935 the sum of $3,166,000,000 would be sage required for additional emergency expenditures. lie calculated that of this amount $940,905,000 would remain after certain detailed items were taken into consideration and after 000,000 was voted make available $285,continuing the work of the Civilian for Conservation Corps. to This for is the general fund relief he and asked for Congress the Public Works Administration. The President asked Congress to give him "fairly broad powers" in appropriating the money because no and fixed Gov. one could "determine the exact needs under hare appropriation headings." Lehman Signs Bill Creating tricts in New Nine Branch Banking Dis¬ York State. On May 16, Governor Lehman of New York signed the Stephens hill dividing the State into nine banking districts, and permitting a bank to engage in branch banking within its district. Before affixing his signature to the bill. Governor Lehman held an open hearing on the measure a own Albany, on May 10, and as was noted in the "Chronicle" of May 12, page 3193, one of those who expressed opposition thereto was George Y. McLaughlin, President of the New York State Bankers Association. At the hearing, it was noted in Albany advices to the New York "Herald Tribune," Governor Lehman expressed "considerable concern" lest the new t obtain must approval by a two-thirds stock of any corpo¬ may maintain Corporation and deposit insurance accept may name of the Land Bank of New Bank of the State of New with deposits the and Federal issue notes ' York State to the Savings York. Signs Bill to Aid Minority Stockholders. Governor Lehman of New York approved, on May 23. a provide greater protection for dissenting minority stockholders in relation to the appraisal and dis¬ posal of their stock. Reference to the bill appeared in the bill designed to "Chronicle" of May 26. page 3524. legislation might revive the "serious menace" of branch House Passes Bill Authorizing Industry Through Followed Passage take message In banks Gov. Lehman of New York $440,000,000 in Direct Loans to RFC and Federal Reserve Banks—Action by Senate of Glass-Barkley Bill Allotting \" $530,000,000. re-employ¬ added, the next Congress would be in session and able to pass whatever legislation then proved necessary. The President pointed out that actual expenditures of on companies evidence of indebtedness. as Loan are: trust specifically provided in other parts of the banking law. as Changing the his ment, at least until the early part of the calendar year 1935." If conditions have not materially improved by that time, lie the Other banking bills approved by the Gov¬ time, according to the "Knickerbocker than more care are permitted to become System, under the D. M. Banking Board for investments in the Insurance bonds and 905,000 for general relief and public works. The President reminded Congress of his desire to attain a balanced budget not Reserve to (Congress on message May 15, asked for emergency appropriations of $1,322,000,000 for financing relief work in the fiscal year beginning July .1 next. Of this amount lie proposed to allocate $940,- 'n the or and industrial Deposit Appropriation. special Banking Bills Signed. same State rations except vote. in the banks That Congress to Appropriate Expenditures Until July I 1935— Balanced indicated. are Press," of Albany, That for of April 28, page May 26, page 3526, provisions of of New day. same at ernor Message of President Roosevelt Asking $1,322,000,000 in the "Chronicle" paper, deposits up to $2,500 with the Federal Deposit Insurance Corporation under another measure signed by the Governor measure passed The other Stephens bills, signed by Governor Lehman on May 15. Sav¬ banks also are permitted to maintain insurance on Post Office Committee, measure. May 10 by on to ings however, on May 1 decided not to consider the Senate bill, and, instead, agreed to pass its own bill, with a slightly higher maximum rate of compensation specified than that mentioned the that by a two-thirds vote of The passage of the bill by the Senate and members of the Federal policy to Senate approval was given the vote. stated of natural Savings banks in New York State year, and a business and property thereof." Federal Reserve System—Other approved further York Signs Bill Authorizing Savings Banks Deposits Under Federal Deposit Insurance Corpora¬ tion—Savings Banks Also Permitted to Become Members of and during that period a biparti¬ commission, appointed by the President, would study the one He to Insure Commission. April on He added: comprised the Banking Board same law new an Inter-State banking." districts that "in addition noted was In the Gov. Lehman airplane mile for each additional 100 pounds. The bill places mail transport under the supervision of the up to and of all its members." in air mail postage rates, ounce area." trade otherwise the or tendent An May 22 by the defined safeguards, there will be the protection arising from the necessity of procuring in advance the approval of both the Superin¬ Senate June 5. on and Governor also stated Administration's permanent on May 29 by the House of Representatives, by a vote adopted the report without within the the measure one or more banks, trust companies or National banking associations, except for the purpose of acquiring by merger, Temporary The conference report on the Air State-wide branch with issued that provides that "in no event shall a branch be opened and occupied in a city or village in which are already located Commission—Reduction in Postal Rate July I—Private Com¬ Transportation of Air Mail Under stated bill on panies Resume memorandum a Governor counties, each district constituting more or In the branches commercial Revised Air Mail Bill Approved by Congress Vests Control of Mail Transport in Inter-State Commerce — limits "It Other pro¬ in the "Commercial and indicated were not call for "does place of employment." or competition. milking to regulate rates of pay, to limit hours of work, or affect or govern sanitary or similar working conditions wages, in any REVIEW The House of Representatives 178 to 6 passed and sent to on May 23 by the Senate the bill a vote of providing 8440,000,000 in direct loans to industry, designed to extend financial assistance to small businesses. The Senate on May 14 had approved without a record vote the GlassBarkley bill, providing approximately 8530,000,000 for direct loans to industry by the Federal Reserve banks and the Reconstruction Finance Corporation, as noted in the "Chronicle" of May 19, page 3378. The House bill is a substitute for the Senate measure, but Congressional leaders indicated The that agreement would be reached in bill authorizes the RFC to lend House conference. 8300,000,000 small to industries, including 875,000,000 to public school "adequate security." The Federal Reserve banks are empowered by the bill to lend to small industries an amount not to exceed the surplus of the Reserve banks as ofs July 1 1934. This has been estimated at 8140,000,000. Items bearing on the Senate and House bills appeared in the "Chronicle" of May 26, page 3539; May 19, page 3378; May 12, page 3189, and May 5, page 3028. systems upon Omnibus Bill Passed On the by Senate Broadening Powers of RFC. April 25 the Senate passed powers of the an omnibus bill broadening Finance Corporation. Reconstruction Among other things, the bill, it was stated in Associated Press advices from Washington April 25, would empfower the RFC to compromise claims in connection with the organization of railroads. These accounts added: re¬ The bill would permit the RFC to accept new securities in adjustment or compromise of claims against railroads in bankruptcy jor receivership in a Federal court. This part of the legislation was recommended by Jesse H. Jones, Chairman of the RFC, with a statement that "without such power, ability of the Corporation to agree to any plan of reorganization which may involve reduction of the topheavy capital structure of the some of the railroads of the country is so restricted that reorganizations which can be effected during the present depression must be extremely limited." The measure is expected by its advocates to facilitate the railroads in carrying out the program recently outlined by President Roosevelt for reduction of their capital structures. Other sections of the omnibus bill would put the RFC for court proceedings as on the same basis the Government itself in collection of debts and liquidation of its loans, and liberalize the powers of the Corporation. Loans from the RFC to industry and commerce for supply¬ ing working capital, reducing and refinancing indebtedness and making plant improvements and replacements are auth¬ orized under the bill, it was stated in the New York "Times" which reported that the Senate action on the bill came just after Senator Robinson of Arkansas, leader, stated that the measure lative program for this session. the Democratic floor would be added to the legis¬ The dispatch also said: June, 1934.] This authorization MONTHLY only was part of the a amendments to the present law, asked for and man, be to which used House for also from $50,000,000 to the fund $100,000,000 Votes $158,000,000 The House and Finance to Jones Cattle with advices further noted: After the Court acted it would require the consent of holders of 66 2-3 Act. of the amounts of claims in each class and May 17 adopted a resolution appropriating $158,000,000 to finance the Bankhead Compulsory total of on Cotton Control Act and the Jones Cattle Relief Act. probably be used for relief purposes, it The bill The The Senate Agricultural Committee to The on 3, amendments approved to-day would limit the Secretary's power affecting the producer of rice, milk and its products, peanuts, flax, dry edible beans, vegetables, fruits, nuts and naval stores. to fix quotas The quotas provisions be not may applied unless two-thirds of the producers desire them. Another into amendment would account and taxes in increased costs allow of May 5, Conference farm Secretary of Agriculture to take labor, interest payments on debts through before doubtful was They said whether strong the to-day also approved a pressure would Passes Bill Providing for Establishment of Federal Credit System—Sheppard Measure Would Make Advances to Those of Small Means at Nominal Interest. Without debate the Senate on May 10 passed a bill to Federal Credit Union System for the extension of credit to persons of small means at nominal interest rates. United Press advices May 10 from Washington to the New York "Journal of Commerce" said: establish The a credit union (Dem., Texas). It plan was sponsored by Senator Morris Sheppard reported favorably by the Senate Banking Com¬ mittee, which urged its adoption on the ground that it would aid recovery by was putting into the channels of trade the billions of dollars rates of interest for short-term emergency The bill provides for credit unions, dascribed save a emergency. paid in high loans. Federal organization to supervise operations of as a co-operative society enabling its members in good timas and money now borrow money at low to interest in times of " Governor Horner of Illinois Signs State NRA Act, Effective July 1 —Manufacturers' Association to Challenge Constitutionality of New Law. Governor Horner of Illinois National effective on May 14 signed the State Recovery Administration bill, which House will become July 1 next. The bill was sponsored by the Governor, but was approved by the State Legislature only after a long period of debate, and after protests had been made by industrial and business organizations. Designed to supplement the Federal National Industrial Recovery Act, it provides that all National NRA codes shall Order Forbids was Dismissal Alleged NRA Code of Employees for demoted or President penalized them tion's for Municipal Bankruptcy Relief Bill. May 24 President Roosevelt signed the Administra¬ so-called municipal bankruptcy relief bill. The bill The sent to conference to was is measure, to defeated an amendment by Senator Frazier designed to bankrupt farmers. United Press advices May 4 to the New York "Journal of Commerce" said: The measure, an amendment to the operation with of the Securities corporate reorganization. Corporations be fned may Bankruptcy Act, exempts from the Act, issues of stocks organization management costs. Courts or bonds given strict are in connection control over re¬ . apply for reorganization themselves by creditors with aggregate claims of Government Drouth Acts to Relieve Threatens Nation's more or a petition may than $1,000. Grain Sufferers in Area Wherein Crop—White House State¬ ment. Incident to the prolonged drouth, which has been threaten¬ ing a portion of the country's wheat crop, and which was partially broken early in the week of May 19 by scattered rains in the Mid-West, the Federal Government acted to afford relief to drouth sufferers. A statement issued at the White House, on May 14, said that "new and present activi¬ ties to meet needs in the drouth area will be continued energetically and expanded as necessary." President Roose¬ velt's advisers told him, however, that any "apprehension that is there will be shortage of food" in the United States a "entirely unwarranted." At the White House conference, on May 14, attended by officials of the various agencies concerned with the problem, a four-point program for relief in the affected area was out¬ lined, calling, it is stated, for an estimated expenditure of $50,000,000. In a dispatch from Washington to the New York "Herald Tribune," in which this was indicated, it was also stated, in part: Harry Hopkins, Relief Administrator, announced grants of $450,000 to three States for seed and expressed the belief they would save much livestock on which the farm families depend for their livelihood. The grants went: Wisconsin, $200,000; North Dakota, $200,000, and South Dakota, $50,000, the last supplementing $150,000 already expended by that State from relief funds previously allocated. The projected at the conference, which was attended also by Davis, Agricultural Adjustment Administrator; W. I. Myers, program Chester C. Governor of the Farm Credit Administration, and Lawrence Westbrook, assistant to Mr. Hopkins, calls for: Purchase by the Government oI cattle that farmers Relaxation of AAA crop control contracts; Provision of stock feed for drouth areas; are unable to keep; Distribution of seed for emergency forage crops to replace grain lost in the drouth. The cattle purchases, it is believed, can be made when necessary to provide owners out of money appropriated for the Agriculture Depart¬ funds for their ment for buying tubercular animals. The forage grass project, for which Mr. Hopkins to-day made grants totaling $450,000 to these States, is con¬ ceded to be prevent more or less growth of the a gamble, since continuation of the drouth will f grass. In addition to the Government's direct efforts to relieve the situation, it will ask the railroads to assist by reducing freight rates on shipments of supplies and by facilitating their movement into the stricken Members into a areas. of Congress Organize. areas organized to-day committee to work with Administration officials in committee of nine was expediting relief. designated to represent the group in such co¬ It is headed by Representatives James H. Sinclair, Republican of North Dakota, and includes Representatives Guy M. Gillette, Democrat, Minnesota; Fred H. Hilde- operative activities. Democrat, Iowa; Einar Hoidale, brandt. Democrat, South Dakota; Gerald J. Boileau,, Republican, Wis¬ consin; Terry M. Carpenter, Democrat, Nebraska; James A. Meeks, Demo¬ crat, Illinois; Roy E. Ayers, Democrat, Montana, and Virginia E. Jenckes, Democrat, Indiana. The drouth was month, with has intensified in the later weeks of the a The otherwise Roosevelt Signs June 5 1933 and assist A making complaints or giving testimony regarding alleged code violations. The Executive Order was given in the "Chronicle" May 26, page 3535. On on Meanwhile, members of Congress from the drouth Reporting Violations. President Roosevelt on May 15 issued an Executive Order prohibiting the dismissal of employees for reporting alleged violations of industrial codes of fair competition, and point¬ ing out that employers who violate the order are subject to a fine of $500 or six months' imprisonment under the terms of Section 10 (a) of the NIRA. A statement by the NRA on May 21 said that in numerous cases before the National Labor Board, employees have charged that their employers have Corporation Bankruptcy Bill Adopted by Congress. on differences. relief automatically passed by the State House May 9 by a vote of 77 to 46, and was approved in the State Senate on May 11 by a vote of 28 to 15. Attorneys for the Illinois Manufacturers' Association were reported to be planning a test case to determine the con¬ stitutionality of the Act, which they said amounted to a surrender of a portion of the State sovereignty. The chief provisions of the Act were noted in the "Chronicle" of May 26 page 3548. Executive page Report adjust designed to extend financially distressed corporations through permitting reorganization without the necessity of bank¬ ruptcy or receivership proceedings in the courts. Before approving the bill May 4, the Senate by a vote of 37 to 11 the on become State codes. The bill of Representatives on different adopted the conference report on May 29. The bill passed Senate on May 4 without a record vote; it passed the an agencies. Union somewhat the be over cotton which 10-cent loans have been made by private banks and other financial Senate in appeared in the Chronicle 3026, May 19, page 3366. bill would carrying measure 1933 on June 1 by the Senate of the con¬ report on the corporation bankruptcy bill, Con¬ gressional action on the measure was completed. The House appropriation of $100,000,000 to allow the Secretary to take on 9 measure With the adoption Federal adjournment. needed from the White House for passage. The Senate Committee June on to the ference determining the parity price for farm products. Committee members said that it get the to that passed the House References of Amend¬ May 21, by a vote favorably reported Administration-sponsored amendments to the Agricultural Adjustment Act. Several committee members reserved the right to oppose on the floor of the Senate the amendment which would grant the Secretary of Agriculture power to tell a farmer who sub¬ scribes to a voluntary production control program what crops he may plant on his land. Committee members said on May 21 that it appeared doubtful if the measure could be enacted during the current session of Congress. Asso¬ ciated Press advices from Washington on May 21 summarized the chief features of the proposed amendments to the Agri¬ cultural Adjustment Act as follows: 9 sent approval form. ments to AAA, Broadening Powers of Secretary of Agriculture —Passage at Present Session Doubtful. of was the White House on May 16 with day of the conference report. The House adopted the report on May 14. The bill, which passed the Senate on May 1 by a vote of 45 to 28, had Senate announced. was Senate Agriculture Committee Favorably Reports Series of 75% of the aggregate to confirm the agreement. appropriation measure, which was sent to the Senate, allo¬ cates $150,000,000 to finance the law making cattle a basic agricultural commodity under the Agricultural Adjustment Act, and $8,000,000 to finance the operation of the Cotton Control Act. The cattle to be purchased by the Government will a plan of refinancing having the endorsement of holders 51% of the amounts of the claims. Associated Press of Control Cotton Bankhead Relief 9 would permit debt-ridden cities and taxing districts to compromise their debts by petitioning a Federal Court contains various bill which by Jesse H Jones, RFC Chair¬ refinancing drainage, irrigation and levee districts. Act a raised REVIEW general lack of precipitation reported in the Midwestern States. Harry L. Hopkins, Federal Relief Administrator, on June 1 made a preliminary allotment of $5,476,000 to be expended for relief purposes in 10 States. drouth Mountains affected 35 States New England. The culture has described 20 of these States and between the Rocky Department of Agri¬ as "severely affected," while in 10 the condition is termed "chronic." plans for relief in drouth areas as drouth situation, drouth area. in the emergency for Provision would begin to-morrow payments to extra farmers in addition to the purchase price of cattle, which are in many cases heavily mortgaged. New efforts to obtain freight rate reductions to facilitate shipments of transactions the Act applies, and, present Soviet regime, as the successor to previous Russian governments, is in default. The opinions issued by the At¬ torney-General are not necessarily conclusive, since they are subject to court tests, but they indicate that governments which heretofore have made token payments against debt instalments will no longer be able to continue this practice all parts of the country, except the Weather Bureau officials said to-day Southeastern States, were affected in varying degrees by the drouth, with centering in the Dakotas, Minnesota, Montana, Ne¬ Drouth conditions are aggravated, they the Midwestern and North Central braska, and part of Wisconsin. duced an entirely new States. will be carried out by Federal and State workers in all of the 134 counties in the Dakotas, Minnesota, Wis¬ The cattle purchase program consin, and Texas, which have been ditions to these are expected to be Farmers will get from $6 to Ad¬ designated "emergency" areas. made almost daily. $14 a head for cattle more than two years old; $5 to $10 for cattle one to two years old, and $1 to $5 for those less than one year. addition, they will get $6, $5 and In of cattle as $3 for the various classifications "agreement" payments, which are not subject to mortgage liens, in return for their promises to participate in future beef production control plans. The cattle purchased by the Government will be slaughtered and processed for distribution to families on relief rolls. payments due June 15, and diplomatic endeavors have toward finding a way around this mis¬ of the directed been chievous Act. added, by record high temperatures in relief being stigmatized as defaulters. This has intro¬ phase of the matter into the problem without feed in and cattle out of the area, extreme conditions political subdivisions are in default, to what type of specifically, whether the and Secretary of Agriculture, said was Announcement that the cattle purchase program put by the State Department. Secretary of State Hull Cummings for opinions as to what governments asked Mr. follows: which Rexford G. Tug well, Assistant "getting extremely serious," the Govern¬ ment to-day speeded its program of relief. Action included: Partial release of corn stored under seal to make it available for livestock. the meet tions advices of May 31 outlined Associated Press Washington Government To REVIEW MONTHLY 10 Attorney-General indicated, in his reply to Mr. Hull, The such Great as Loan of Program previously existing default is waived or overcome mere pendency of negotiations with a view to arriving at the amount of the indebtedness due. The inhibition of financial transactions was construed, however, which Advanced Producers to Terminated April 30—$113,799,097 Under Plan—Loans Mature Aug. 1 CCC 1934. default because the Lithuania, are not to be considered in payments were only partial. This finding is based on the statements by President Roosevelt that he, personally, did not consider them in default. But the wording of the Johnson law leaves little doubt, it was intimated, that further token payments will not preserve such countries from the status of a defaulter under the Act. The Soviet Government was held in default by Mr. Cummings, who declared that he was aware of no principle in law under a of the because Corn have made token payments heretofore, Britain, Italy, Czechoslovakia, Latvia and that countries which apply only to the floating of bonds and similar obliga¬ and not to dealings in foreign currency, post office money orders, drafts and other ordinary aids to banking and commercial transactions. "It was obviously not the to administered by the Commodity Credit Corporation terminated on April 30. As of the date of termination, Lynn P. Talley, President of the Corporation, announced May 11, a total of $113,799,097 had been advanced to producers upon approximately 252,450,000 bushels of corn, sealed and stored on the farm in accordance with State law, as security for loans of 45 cents per bushel. Of this amount, $87,057,186 were disbursed by the Corporation in direct loans to producers, Mr. Talley said, the balance being advanced by banks and other lend¬ The Government ing agencies on corn loan plan the Corporation's prescribed form, under will be purchased by the j)lus accrued interest, when tendered on arrangements whereby such loans Corporation at par, before June 30. or of May—Will Be ■! Surplus Relief Corporation announced on May 14 that it has contracted to buy a maximum of 225,000 head of hogs by the end of May and awarded bids to 27 meat processors at 23 market points. Harry L. Hopkins President of the Corporation, and Federal Emergency Relief Administrator, said that buying would begin on May 15 and would be continued for a maximum of 15 market days Federal The at the rate of about 15,000 head of hogs daily. Resolution Adopted, by Senate Authorizing Loans to Fruit Growers. resolution authorizing loans to fruit growers rehabilitation of orchards during 1934 was passed by On for May 10 a the Senate. House Approves to Communications Control Bill and Sends Measure Commission to Supervise Conference—Would Create 7-Man Telephone, Telegraph and Radio Systems. Communications The Control Bill, of the Federal Government, prohibition, he declared, and it was maintained also that the issuance of scrip or funding bonds by a defaulting coun¬ try would be legal. There Hungary and Yugoslavia. The in the last year by the Johnson Act, and it is these countries, led by Great Britain, that studied the effects of the measure on their positions. It was indi¬ cated clearly in London that the British Government would be glad to make another token payment if President Roose¬ velt would again absolve Great Britain from the default status. But Washington made it known that this could no longer be done under the Johnson law. It was suggested unofficially in London that a token payment might be forth¬ coming even in these circumstances, provided a general debt conference were called, but there seems to be no prospects of such action either. A message by President Roosevelt or two are mainly affected Congress regarding the debts was eagerly awaited in these circumstances, but when it was read on June 1 it added the regu¬ approved by the nothing new to the matter. The _ his message, the history of the war debts in and pointed out that Finland is the only country that has met all payments punctually and in full. He admitted the "simple fact" that the war debts have- and financial relationships for many years, but alsoemphasized the vital need of the funds by the borrowingcountries and the fact that the United States Government necessarily borrowed the money, in turn, from the people of the country, who would have to be repaid. In the absenceof payment by the debtors, general taxation is required in order to make payment of the Liberty and funding bonds issued as representations of the debt. Notwithstanding these circumstances, the American people are not disposed to place an impossible burden on the debtors, but they do feel gravely with consist Commerce Commission. reviewed President in detail The The bill originally provided for new regulations and rules. These, however, opposed by the American Telephone & Telegraph Co. and other companies affected, and were finally eliminated The bill authorizes the Commission to study the utilities situation and recommend regulatory legislation by Feb. 1 complicated our trade borrowing countries the that substantial sacrifices should be made the debts. resources 1935. The is use sure in order to meet being made by debtors of their available to sway the United States in its attitude obligations, the President warned. The present situation does not require legislation, he said, and it was indicated in the message that the former attitude as to toward the Foreign Affairs, May 1934. ' international nature that received careful attention in May is that of the debts due from foreign governments to the United States Government. problem has become increasingly more difficult to find during the current depression, and it was to Poland, the ones to were further Estonia, Belgium, countries that have made token payments place to provides that the Commission shall iChief among tlie problems of an Finland is . designed was Radio Commission would be abolished. $174,047,439 due on June 15. only country that made full payments on its debt to the United States. The defaulting States include France, the members, who will perform the functions regarding communications now exercised by the Federal Radio Com¬ mission and the Inter-State a gate payments of seven solution that payments the stigma of default, but there is no method has been found, and the whole problem of the June 15 payments is thrown wide open. The State Department sent the customary notices to the 13 debtor countries on May 2S, reminding them of the aggre¬ differences between the two bills. A incurring without Representatives on June 2 without a record vote. A similar measure, providing for a Federal Communications Commission of five to regulate the Nation's telephone, telegraph and radio systems was passed by the Senate on May 15, as was noted in the "Chronicle" of May 19, page 3368. A conference committee was named to adjust minor The House bill good deal of diplomatic -consideration, fol¬ a was lowing this ruling, of ways to make further token House of of relations countries," Mr. Cummings added. Re¬ financing of existing indebtedness of a defaulting govern¬ ment to citizens of this country would be excepted from the with the defaulting telephone, telegraph and radio transmission under lation of Congress to discontinue all commercial purpose indication by FSRC of 225,000 Hogs Before End Distributed to Needy Families. Purchase tions, this independence ments discuss the was of debts the from any reparations adjust¬ The United States remains willing to debts with every debtor country individually, it still prevails. added. complicated several months ago by the passage of States. Under this measure, German Debt Conference Ends. the Johnson Act in the United foreign governments that are in whole or the United States Government on their partial default to indebtedness are unable to raise loans in this capital market. Interpretation of the bill was needed, and it was supplied early in May by Attorney-General Cummings, in response to specific ques¬ Representatives of bondholders in six creditor countries May 29, the negotiations regarding the trans¬ fer of debt service on external long-term and medium-term completed, on German obligations, which were started in Berlin with the The arrangement German transfer authorities on April 27. MONTHLY June, 1934.} made the of compromise views expressed at the gathering. nobody and that clearly represents a divergent many about to end without any seemed The conference whatever ment discussions is one that result of these protracted a as satisfies arrange¬ May, during occasions several on the as France, Holland, Switzerland and Sweden were quite unable to agree among themselves and present a united front to the German officials. The terms finally arranged cover only the period from July 1 1934, when the current agreement expires, to June 30 1935, and the original aim of the meet¬ ing to place the transfers on a contractual basis thus re¬ mained unrealized. Against coupons due in the next 12 months on non-governmental German external indebted¬ ness, the Reich authorities agreed to make alternative offers of 40% cash in foreign currencies, or full payment in fund¬ ing bonds bearing 3% interest. All parties to the conference made reservations, and it is quite possible that these will from delegates have United the Great Britain, States, important bearing on the actual payments. an Under the terms the foreign indebted¬ of the conference, of the German Government was excluded from the dis¬ ness cussion, and far as the delegates in Berlin are concerned the Dawes 7% loan and interest on the so full on service Young plan 5%% loan will continue to be met. Severe portion of the arrangement were made in the German i>ress immediately after the conference ended, and these were generally interpreted as warnings that Dr. Hjalmar Schacht and his transfer associates may try to reduce or suspend payments on the Government loans as well. In well-informed circles it is believed, however, that only the greatest extremity is likely to produce such meas¬ ures by the German authorities, since the priorities of the attacks this on Government halt the attempt any to would immediately bring the mat¬ The short-term credits also diplomatic sphere. exempted from are indisputable, while are reduce payments or into the ter loans and full service is settlement, ex¬ pected to continue, unless summary action is found advisable by Dr. Schacht. This that means approximately 8,000,000,000 marks of EEYIEW of the more the agreement than 500,000,000 marks, affected by are Holders of the bonds for the ensuing year. and recipients of dividends due foreign investors on German equities will be faced with the choice of 40% cash in their currencies, own or funding bonds for full amounts due. They as soon conditions as generally are The report contains an able and authoritative exposition of the monetary developments of the last 12 months, and it is noteworthy for its insistence upon a speedy return to the gold standard in all countries, notwithstanding the important defections that occurred in the period under review. The bank, it is stated, is destined to play an indispensable role as the center of monetary collaboration when monetary stability is achieved. The of profits the institution for the fiscal year were 13,000,000 Swiss francs, compared with 14,000,000 francs in the preceding year, and it was recommended that the usual 6% dividend distribu¬ tion be made. Extensive reference is made in the of novel currency experiments in the return of to gold and a definite and more the series report to United States and the qualified return to the standard abandoned. "The qualified clearer statement the future American policy reopened the door to inter¬ national discussions between the nations principally con¬ cerned to as the time of definite stabilization and to a permanent parity of their resi>ective currencies," the report states. "Many factors of progress have developed in the direction of correcting and of mitigating the difficulties of restoring the gold standard between the principal countries and in the direction of agreeing upon improvement of tech¬ nique of its operation, that the time is approaching when so effective resumption of an international monetary standard based on gold can become established in fact." It is pointed out highly significant that countries like Great Britain as and the United States, where there has been much dis¬ cussion about altering the base of the monetary system, are to-day possessed of greater gold in their histories. That reserves popular belief than ever faith and before in the gold standard is not waning is shown by the extensive hoard¬ ing of the metal in the past year, it is added. The conclu¬ is sion reached that "there is no evidence of authorities in country showing the slightest distrust of the position Which will be assigned to gold in the future monetary any system." "For German external loans, requiring annual interest payments of somewhat gold standard favorable." of the purpose of promoting trade, normal movements capital and world economic recovery, there must be a monetary system working internationally on the same funda¬ mental basis, only then ing or of tariff namely, gold," the simultaneously that barriers and the continues. report a move toward suppression of "It is the lower¬ quotas and also, of course, retain their coupons and all the rights attaching thereto. The cash payments are not to begin import six months after the respective coupons are due, and provision means, in effect, that Germany will have a complete respite on foreign payments on the bonds con¬ cerned for a period of six months. The Iteichsbank agrees to purchase the coupons at 40% of face value in the respec¬ general progress in the international field, at least in the domain of monetary problems, much clarification has been tive currencies, mechanism, but may until this this offer but it also the right to reserves 30 days' notification. on A pledge by the Reichsbank to increase the amount to if it should be found possible to do withdraw extended was more than 40%, The 3% so. funding bonds of the alternative scheme prohibitions be can undertaken with any While the year just closed records but success. hope of limited a achieved. Not only does the prevailing public and govern¬ opinion preponderantly support the conclusion that the gold standard constitutes the best available monetary mental delayed its or of the impediments which prevented many restoration have been removed or lessened,, improved application and operation have been substantially agreed upon. There can and be of some doubt the factors are to be obligations of the German Government, due in 1945, on which the sinking fund will nite its of the monetary system. equal the interest. Principal and interest will be guaranteed by the German Government, and the payments are not to be subject to any transfer restrictions. Redemp¬ tion in whole part before the due date may be effected. Bondholders who accept the funding bonds are to have the or right to cash them at 40% of face value in their after rencies the Reichsbank notice applies months' six a as also. The of this offer funding bonds issued in the currencies stated in coupons. Several statements were issued by the the as gathering immediately after it ended. whole, outlined the agreement and a although frequent discussions of transfers devise machinery suitable for be The creditors, remarked are application in that undesirable, impossible over a long The delegates admitted that after careful study and potential foreign exchange situation of Germany, based on figures supplied by the Reichsbank, they the present recognize that order a case can be made out for concessions iii assist to Germany in working out some of her ex¬ change difficulties. In a statement issued in New York, May 29, by the Foreign Bondholders' Protective Council, the agreement was described but the best make." Berlin treatment made intimated renew holders are Cautious in the more Germany serious of the difficulties some to Swiss and Dutch representatives might whereby their bond¬ optimism regarding the future and gold 14, standard after it was Yice-Governors of these to come or respect degree, in trade were generally they have been throughout the de¬ as few new trade treaties were concluded, and aid the dwindling exchanges of goods to some but the restrictive measures far outweighed them importance. the in many parts of the international to A declaration The most in the significant House of incident Commons, by far on that import quotas would Colonies on imports of was May 7, Walter Runciman, President of the British Board of by Trade, be established in all the British foreign textiles. This move was admittedly aimed at Japan, and it followed the breakdown of negotiations between Lancashire and Japanese textile interests in which some means sought to control the were rapid growth of Japanese exports. The annual quotas an¬ nounced by Mr. Runciman are equal to the average foreign textile imports by the respective Colonies in the period from 1927 to 1931, inclusive. This will mean a heavy diminution mark the a treaty signed in 1882 lapsed on May 13 submitted central banks to the that 23 hold was made as a result of the French denouncement of the accord. The German Government annual No progress May toward adjustment of the tariff and quota dispute between France and Great Britain, and the commercial intensification firm faith first Japanese exports to such colonies. of the announced, restrictions on May 28, a further foreign trade which on have been applied progressively during the last year. Under the allotment of foreign exchange for imports of an ordinary nature are reduced to 10% of the "basic amount," which means 5% of the amount spent for the new such regulation abroad in 1930. The figure now imposed is one-fifth of the amount available as recently February. Essential raw materials purchases by goods said to be only shares in the international institution. The bankers indi¬ cated their concurrence in Mr. Fraser's views by unanimouslv resolution declaring "the final object of mone¬ tary policy is the re-establishment of stability on the basis restrictions. time may as adopting a some in for International Settlements Annual Report. and with pression. paid 100%, or else establish clearings. public May Governors world of report of the Bank for International Settlements submitted under the presidency of Leon Fraser. The report was made for early attempt will be made to Trade Developments. demand for highly preferential creditors, it is pointed out. It was the present agreements international an Measures adopted by governments encoun¬ the was by that the seek to Bank "most inadequate and unjust, that the conference could induce Among the at tered as effort by period. of adjourned be common unfavorable in May, participants the uncertainties of the present situation made it to to are by general return to gold as the basis The real question is whether defi¬ achieve a general settlement in monetary and economic fields, thus leading the way to restoration of the monetary system and to the completing of economic recovery." 30 days' on will steps whether the cur¬ period, but the reservation to withdrawal here own no about for last Germany are, to a considerable extent, exempt from these ment on A decree was published by the Italian Govern¬ May 26 wliereunder an unusually close control of MONTHLY dealings will be established. This the restriction of all purchases of foreign exchange by Italian individuals and corporations to the requirements of trade and travel. All banks and business firms must report to the Banca d'ltalia their holdings of foreign balances. Italians who hold securities abroad are required to file a declaration of their holdings with the Government for stamping. Repatriated external issues of Italian origin are included in this requirement. all for provides concluded in treaties Trade May include series a of tri¬ partite accords, signed at Rome 011 May 9, by representatives of Italy, Austria and Hungary. Under this plan, Italy and Austria agree to buy 15,742,000 bushels of wheat from Hun¬ at a minimum price of 92.6c. a bushel. The same prin¬ ciple is applied to the absorption of Austrian lumber and wood pulp by Italy and Hungary. Italy will gain from an agreement from Austria and Hungary to reduce tariffs 10% 011 any products from other countries which go through the ports of Trieste or Fiume. Preferential tariffs are to be gary extended by each country 011 the products of the other two. Yugoslavia, concluded Council Meeting. League exchange foreign measure REVIEW The of Nations Council held League one of its regular 19, in an atmosphere that was marked by discouragement, despite some rather interesting sessions from May have been dwindling recent years, and the tendency was in meeting last month, which was attended the at meetings in importance evidence to Council The occurrences. in 14 Foreign Minister—Louis Barthou, of France. generally admitted in Geneva, reports said, that the League is now engaged in a battle for life. Four mat¬ by only It one was ters of importance were on the agenda for the meeting, and was made on two of these. At the suggestion of progress British the delegate, steps were taken toward embargo an and munitions shipments to Paraguay and Bolivia, while tentative arrangements were made toward a plebiscite 011 arms in the Saar next January. The other important mat¬ and'a complaint by the Hungarian Govern¬ area ters were China ment against Yugoslavia, concerning frontier incidents in a number of Hungarians were killed. No progress which made was the on Chinese A trade treaty between Germany and complaint early in May, provides for an increased exchange of Ger¬ man industrial products and Yugoslavian agricultural prod¬ ucts. France and Brazil completed ratifications of a com¬ question, while the Hungarian meeting of the Council. mercial treaty which assures minimum tariffs in each coun¬ try on the products of the other. A Franco-German com¬ mercial treaty was due to expire May 20 as the result of French of denouncement the accord, but France requested extension to June 30 just before the date of expiry. an Conference. Disarmament postponed was Fascism Fascist for consideration Spreads in at future a Europe. and ideas principles made important strides in Europe during May, and the parliamentary form of govern¬ ment received a corresponding setback. The precise sig¬ nificance of such developments is, of course, a matter for debate, but it is clear that the examples set by Italy and Germany are exercising a powerful influence on the smaller States months, during which bilateral negotiations were attempted Continent. Fascism was made "legal" in May 1, through the adoption of a new Constitu¬ tion embodying the ideas of a corporative State proclaimed between previously by Chancellor Engelbert Dollfuss. Meetings resumed of at the General Geneva, on France and armaments two endeavor to solve the an The private discussions between the great and were May 29, after an interval of many Germany in impasse. Conference Disarmament Italy assisted it Continental opponents, in which Great Britain at times, were quite unsuccessful, and generally assumed that the reassembled General Dis¬ was Conference armament little. The events at this view, and it out be would few first the able to accomplish sessions very quickly bore evident that nothing whatever seems has been accomplished toward disarmament in the 27 months of the conference. The evidence, in fact, is all the other way, all the major Powers of the world as their with armaments increasing rapidity. The are almost of Austria the on A dictatorship in Austria, but under the new dis¬ pensation parliamentarism was done away with entirely, and all power was transferred to the Cabinet. Latvia was had existed the for State next difficulties in a of year to turn the that country on dictatorship of consequence leading by for solution a Martial law of the declared was May 16, and all parliamentary activities suspended in were Fascism to depression. members the of establishment the Farmers' of a Union party, said to represent the wealthy landowners of Latvia. President is said Albert Kviesis, have to taken who is member a active an part in of the the party, unexampled Continental discussions related mainly to land armaments, but in the meanwhile naval and air appropriations have increased in a startling way. Japanese insistence upon a ratio , Bulgaria, finally, evinced a leaning toward Fascism 011 May 19, when the fall of the Muschanoff Cabinet was made establishment of naval armaments higher than the the occasion for the of abolition of party government and the national Cabinet headed by Kimon a 60% of the British or American fleets is imperiling the 1935 naval con¬ ference, and it is difficult to find anything of a reassuring support and consent of King Boris. nature in the dissolved and outlook. The first session of the reassembled conference at Geneva without favorable not was aspects. This was due to firm Gueorguieff. No These a disorders movement. changes carried were out Parliament with was the promptly "authoritarian government" proclaimed. new attended the populace everywhere, it changes in any country. The indicated, seemed apathetic. was statements by Norman H. Davis, the American representa¬ tive, and Maxim Litvinoff, Foreign Commissar of the Soviet Union. Mr. Davis i>roclaimed faith in the ability of the nations to find a practical solution of the problem. He ex¬ pressed the belief that Germany would be willing to sign a disarmament convention the 011 basis which to Germany previously agreed. With obvious reference to the French delegation, he pleaded that all nations ought to explain their positions. Inveighing against production and traffic in instruments of death, he remarked that the United States would connection with the suppress made of approve clear European a evils that universal a of the political veered first and join in but non-aggression disarmament convention traffic. arms traditional a But policy entanglements Commissar Litvinoff made he of pact and Mr. of efforts Davis aloofness in to also from still prevails. Foreign plea for disarmament in which and stitution, vention the by Russia mutual is willing assistance regularly assembling conference of optimism Simon of 011 these declarations May 30, Great peace, sitting auspices of the League. Britain, when and engendered Foreign was Secretary Sir Foreign Minister Louis Barthou of France engaged in an acrimonious the full Conference. Sir John Simon dispute before for conference emphasized the need obtaining order to make German a participation convention in the in possible, and he remarked that German insistence upon rearmament clearly made it sary to consider the whole matter on that basis. Britain is ready to co-operate in neces¬ Great endeavor that looks but "we will not lend ourselves any promising, Sir John said, as gave in the continuance of vague and inconclusive dis¬ M. Barthou, angered by these references, retorted bitter and ironical address from which personal allu¬ a affairs of the Island. All authority for that remains of the retention by the United States of the naval base at Guantanamo. Presi¬ dent Roosevelt submitted the treaty to the Senate with a message recommending Senate was ratification, granted without and the delay. approval as the of Announcement treaty caused rejoicing in Cuba, where the accord was most important development since Cuba won independence from Spain. It is quite evident that this step will 'have important and favorable repercussions 011 the relations of the United States with all Latin American tries. Together ments, .vet, it of United States America. with which signifies The the full the Haitian details almost from not complete interventionist treaty is new have fiscal a control coun¬ arrange¬ been published as withdrawal of the activities brief document in Latin which pro¬ vides for the validity of all Acts taken under the 1903 treaty and the abrogation of that accord. Just before the an¬ of the treaty was made, shots were fired by Cuban extremists at the home of United States Ambassad* Jefferson Caffery. but thereafter Mr. Caffery was cheered nouncement by large throngs in Havana. Arms indefinite cussions. part of the 1903 treaty and the Cuban Con¬ States legal sanction for inter¬ the United long-disputed point is hailed Whatever in Amendment, to quickly dispelled to treaty Cuba will attain that genuine sovereignty and independence for which she has long contended. The Piatt pacts, afterwards. peace for the prevention of war under the John this the by military alliances, he declared. He proposed formally that the Conference be transformed into a perma¬ nent was made in Washington and Havana, May 29, of a new treaty between the United States and Cuba, which, in effect, annuls the Piatt Amendment. Under of the of Cuba. announcement sharply toward the French position of security guarantee with "good neighbor" policy of the Roosevelt Administration toward all foreign countries, disarmament not a Relations In pursuance of the announced Traffic and the Chaco War. A proposal, made at the League Council meeting in May, for an embargo on arms and munitions shipments to the sions nations engaged in the Chaco war, any taken were not absent. He refused angrily to countenance suggestions for meeting German views 011 armaments matters. The rift between the British and French Minis¬ ters was so serious that the Conference was adjourned for a up in South America, was with vigor by President Roosevelt, and there is, in consequence, some ther war supplies to possibility of a universal ban on fur¬ Paraguay and Bolivia. The proposal at day in order to find a way to patch up the quarrel. Arthur Henderson, the President, of the Conference, attempted to mediate, but it would not appear that he met with much the immediate success, as the adjournment had to be continued into June. effective, League Council session was made by Captain Anthony Eden, Lord Privy Seal in the British Cabinet. Captain Eden stipulated that an embargo of this nature would prove United and States therefore gave it would support. be attempted Measures of only if this nature the MONTHLY June, 1934.] President require Congressional sanction and approval, and dispatched a message to Congress on May 18 setting forth the facts and asking for authority to proclaim an embargo. No one country can control the evil, the Presi¬ Roosevelt dent said, and he expressed the hope that provide the Senate would Amer¬ concrete example of the willingness of the a creasing the to A resolution introduced in Congress was providing for such authority, and it was approved promptly by both Houses. The President announced the embargo on May all nations concerned, in the hope that similar measures would be adopted elsewhere. The League Council again considered 28, notifications and the matter early in raised and June, but immediate immediately were some to sent juridical questions were application of all embargo by the countries thus remains somewhat in doubt. The war in the concern deadline over m-ost mills steel strike Industria Threatened by increased operating rate, although there were many disturb¬ ing influences appearing in most lines of business. Among these disturbances are the epidemic of strikes which is sweeping the country, including the threatened steel strike; the continuance of drouth in the Central West, re¬ still lieved only by local rains; the slackening pace of the auto¬ industry, and the continued recession in scrap prices. Non-ferrous however, and showed also were lower. substantial a Pig iron gain shipments, of April those over further increase is looked for in June. a A metals revised code of industry, to President Roosevelt become competition effective May on for June 31. In steel and by approved was meanwhile the demands. given further encouragement to the steel The court's mated association tempt at Order approving the revised code, together with a summary of the changes as submitted by General Johnson, Donald R. Richberg, NRA counsel, and Kenneth M. Simpson, Division Administrator in charge of the code, will be found in the "Commercial and Financial Chronicle" of June 2, page 3715.] May 7 reported country as operating at 56.9% of capacity, compared with 55.7% reported on April 30. In May 17, on the contradiction which to the view of "Iron the Age" of estimated the operating rate for the steel industry, May 15, at 61% of capacity, the American Iron and Steel Institute at the beginning of that week found produc¬ tion at the rate of 56.6%, or 4.4 points lower. The Institute's estimates for the week beginning May 21 showed a further decline, with operations at the rate of 54.2% of capacity. For the an following week the trend of business volume showed improvement of 1.9 points, estimates for that period being intervention which, the Weirton the injunction has case in their opposition producers National to The Labor Board. favor, being interpreted with the on basis of past performance, as an at¬ will give organized labor. a opened their books June 1 for the third are expected.] further decline because of the de¬ to advance prices. Scrap fell to $10.92 a gross ton on May 29, compared with $11.17 the week before, $12.17 on May 1 last, and $9.75 a year ago. The peak to date this year was reached in the second week of March, when the "Iron Age" composite heavy smelting steel was $13 a ton. The composite prices of finished steel and pig iron were unchanged. Finished for steel was 'quoted at 2.222c. a pound at May 29 1934 as: against 1.892c. at May 30 1933, while pig iron was $17.90 a gross ton as compared with $15.01 at the same time last year. Quiet prevailed in the non-ferrous metal market during of May, with prices generally lower (except in the case of copper). Actual consumption, it was reported, held at a fairly satisfactory rate. "Metal and Mineral Markets," at the rate of 56.1% as compared with 41% a year ago. It be recalled that at the beginning of April 1933 the steel mills of the country were engaged to only 15% of capacity, issue that of May 24, reported that the buying of copper domestic market continued restricted, and that no change was looked for in the conservative attitude of buy¬ ers until all code problems had been settled. The foreign price of copper declined. business some dull. was Business Mineral Zinc booked news at on news that Tin was was mixed was unsettled slight concessions. in character. "Metal and Markets," in its nounced that issue of the following week, an¬ though buying of lead and zinc was in fair volume, interest in copper continued at a low point because of the code entanglements. The recent heavy sales of lead easily supported that market. absence of Tin featureless was developments abroad. new Here in in the New York the price of copper was unchanged for the month,/being quoted at 8.62He. for Lake copper and 8.25c. for electrolytic Lead at New York declined from 4.25c. to 4.15c. copper. on May 17, and to 4.00c. the following day. Tin was quoted at 52.65c. on May 31 as against 54.65c. on May 1 and 55.25c. at the close of April. Zinc at New York dropped to 4.70c. from 4.75c. on May 7. and further reduced was Lumber Movement may and of them of developments, some termination of steel producers to liquidate their inventories its apparent dropped three ago hearing to the complaints of the Amalga¬ regarded Few changes in prices the of not [Producers of pig iron and steel in mills is in attitude of action of that board in granting a in steel decision what they consider the biased which expired June 1, will continue to govern the industry. [The text of the President's Executive of the present code, The American Iron and Steel Institute series recovery of employees have strengthened the belief of steel companies that overwhelming majority of their men are out of sympathy with the the terms the a a most iron the 11, has resulted' in by July 1. Scrap first began to weaken in the middle of March, when the iron and steel trade made its initial moves Roosevelt—Non'Ferrous Metal Market Quiet. The iron and steel trade closed the month of May at an mobile has led to Scrap prices suffered Retarded Disturbances—Revised Steel Code Approved by President ii threat commitments. filling their groups quarter. Trade difficulty in business volume strike the conflict; Steel little highly gratifying to the industry. Spontaneous expressions of opposition to the Amalgamated Association of Iron, Steel and Tin Workers by various moral support to in have in the trend of in steel output. The production rate, which a week points to 58% of capacity, has rebounded to 59%. The rush, for steel has not developed into a headlong pressure should The turnabout Cliaco, meanwhile, is being waged with increasing intensity, and 80,000 to 100,000 men now are reported engaged in Progress obtaining delivery of contract tonnage before July 1, an added factor in stimulating releases. But date, has been date, at least, and ican people to make their contribution toward the suppres¬ sion of the traffic. 13 REVIEW Lowest Since May 29 to 4.65c. on February. Due in part to the longshoremen's strike, which has tied during the month of March of last year, in the period of the bank moratoria, operations at one time were the Pacific Coast, production and shipments at the lumber mills during the week ended May 26 down 1934 to only 14% of capacity. May 19, the "Iron Age" reported that the continued rise of steel output, in the face of a leveling off of motor car production, was accounted for in part by the desire of consumers to take advantage of contracts made prior to recent price advances. However, most of the stock¬ its issue of In ing that has taken place so far has been mills, which continued to the part of the on customers warn to enter their specifications early so that delivery could be made before June 30, when all shipments against second quarter contracts must be completed. Aside from business done on a and structural tonnage which will carry railroad well into July and The "Age" of May 31 stated that in a steel market in which the dominant note is uncertainty, much of it trace¬ able to labor unrest, sentiment. will duction actual business volume is better than The commonly held take a industry in general tinuance of drouth with in expectation that steel labor the preoccupation of disturbances and the con¬ the Central West deep shadow over the future that the current releases have cast such a satisfactory flow of being overlooked. were pro¬ dive in July, nose The "Age" further added: Steol specifications from the railroads, railroad equipment makers, fabricators well maintained are and in some sources contract tonnage tional steel holding- are electric refrigerator manufacturers for this quarter but have up not surprisingly well; in only have entered the taken all market of their for addi¬ for June delivery. The only tions to consuming outlets that have materially reduced their specifica¬ date are the automobile and farm equipment industries. However, motor car treme caution which stocks of builders, material in some instances, are reconsidering the they recently adopted and than their immediate may policy of While take the seriousness of generally doubted, decide to lay in larger operating prospects possible labor difficulties in consumers precautionary ments of of sheets lowest except for one from regional associations covering the operations of 1,498 leading hardwood and softwood mills. Production of these mills was, for this period, estimated at 186,064,000 feet; shipments, 169,658,000 feet; orders received, 200,298,000 feet. Reports received from 1,506 mills for the week ended May 19 estimated 704,003 For production feet; the 212.370,000 feet; at shipments, 175,- orders, 221,589,000 feet. week ended May 26 1934, softwood groups re¬ ported orders above production except Southern pine, West¬ pine, Northern pine and Northern hemlock. ern orders wood Total soft¬ 11% above production. All hardwood regions reported orders below output, total hardwood orders showing a loss of 16% in this comparison. As during the were four previous weeks, orders fell below those of correspond¬ ing week of 1933, all regions but California redwood report¬ ing decline. Southern pine and West Coast reported produc¬ tion lower than orders tion were was during the similar week of last year. Total 29% below those of last year's week; produc¬ 2% above that of a year ago, and shipments were warrant. in growing number steel are mills is For the second consecutive week unfilled orders In still beginning to measures, as evidenced by requests for immediate ship¬ originally specified for late June delivery. In the case strips, products in which mills are most heavily booked, in¬ May 26 equivalent of 28 days' average production, as compared with 692.084,000 feet, or the equivalent of 29 days' average pro¬ duction on similar date a year ago. Textile Trades Quiet. The textile trades continued very recessions were the rule. for its the contraction in business. previous spottiness, and an and effect for formed the main causes Retail trade continued in there were few indications of Numerous price reductions were put into purpose of stimulating consumer buying, but early revival. the quiet, and further price trends, together with Seasonal rather adverse weather conditions, material on below those of the corresponding date of 1933. Reports from 1,752 mills give unfilled orders of 998,600,000 feet, and gross stocks of 5,567.527,000 feet. The identical mills report unfilled orders as 683,038,000 feet on May 26 1934, or the were ex¬ part, this change in attitude is due to the steel strike threat. rather the lowest of any were week since February, and orders week, according to telegraphic reports to the National Lumber Manufacturers' Association ship¬ centers expanded. Demands from miscellaneous fact, on 25% below their last year's record. builders and structural have lumber operations were ouarterly basis, the industry was said to have considerable August. up MONTHLY 14 mostly with rather meager results. The continued slow de¬ flation in securities prices and the many uncertainties in political and economic field, as well as the spreading unrest, appeared to exert a depressing influence on the labor Added to this were reports of all activities. serious drouth a the West and Northwest, which, while resulting lively advance for grains, left serious misgivings as in parts of in a to the ultimate effect on general business. Trading in the wholesale markets reflected the slow movement of goods in of volume The channels. retail business closely was re¬ REVIEW cotton month's low, but during the latter half of the lost part of its gain. Prospects of silver legislation month helped the early advance, but its effect later was offset by mostly favorable weather developments in the belt and rumors of an impending curtailment in the production of cotton cloth reflecting the unfavorable conditions in the cotton the However, goods market. actual announcement May 21 of the 25% reduction in output, to start June 4 and to extend over a period of 12 weeks, failed to further in 5c. per pound. middling %-inch cotton spot Augusta and Savannah, Ga. ; Dallas, Houston under the Cotton Futures Act: Tex. Galveston, and Rock, Little ; the soaring rumors of grain prices, talk of a short crop in Russia, and inflationary action by the Government after some the adjournment of Congress. Increasing attention was paid to Southern weather con¬ ditions, with private reports indicating mostly favorable planting weather during the month and describing the aver¬ to 11.55c. of 11.40c. low a May 31. on issued a proclamation on May 26 increasing the import duty on chenille rugs and other cotton rugs. This was the first occasion when the powers of the NIRA were of 28-inch cloth 64x60's marked was down on May 7 from 4%c. to 4%c. On May 22 the price fell to 4%c. of 27-inch cloth 64x60's was 4%c. on May 31, 4%c. April 30. 10%c. April 30. May 14 Osnaburgs were 9%c. May 31 The price as against as against The report of the Census Bureau, issued announcement by the United ahead of last year, although by a slightly decreased margin. The amount consumed in April was given at 512.703 bales of lint bales and exporters of such rugs "have indicated to States" that they will limit their exports to 67,822 bales of 1 inters, compared with 543,690 and 74,529 bales of linters in March, and 470,359 bales of lint and 60,031 bales of linters in April 1933. The woolen goods market during the earlier part of the month continued extremely tically curtailing production. a inactive, with many mills dras¬ Towards the end of the month slightly better sentiment manifested itself, largely caused a better seasonal call for tropical worsteds and other by fabrics summer new fall extra lines 13-15 as well as women's of deniers were by the interest goods. wear May quoted shown in the Japanese double 31 at; $1.18@$1.23 against $1.22%@$1.27% April 30: $1.33@$1.38 March 31; $1.45@$1.50 Feb. 28; $1.55@$1.60 Jan. 31; $1.37% @$1.42!% Dec. 29 1933: $1.40@$1.45 Nov. 29; $1.57%@$1.62% Oct. 31: $1.82%@$1.87% Sept. 29; $1;85@$1.90 Aug. 31; $1.83®$1.88 on July 31; $2.17%@$2.22% on June 30; $1.65@$1.70 on May 31; $1.47% @$1.52% April 29; $1.15@$1.20 March 31; $1.17% @$1.22% Feb. 28; $1.15@$1.20 Jan. 31, all in 1933: $1.47%@$1.52% Dec. 31 1932; $1.42%@$1.47% Nov. 30: $1.55@$1.60 Oct. 31; $1.75@$l.SO Sept. 30; $2@$2.05 Aug. 31; $1.40@$1.45 July 30: $1.12%@$1.17% June 30: $1.10@$1.15 May 31: $1.35@$1.40 April 30; $1.50@$1.55 March 31; $1.67%@$1.70 Feb. 29; $1.87%@$1.90 Jan. 30. all in 1932; $1.S5@$1.90 Dec. 31 1931; $2.20®$2.25 on Nov. 30 and also on Oct. 31 1931, and with $4.70@$4.75 on Jan. 31 In extra the case were of the 20-22 deniers Japanese crack double at $1.16@$1.21 May 31 quoted against $1.14@ $1.19 April 30: $1.25@$1.30 March 31: $1.40@$1.45 Feb. 28: $1.52@$1.57 Jan. 31; $1.35@$1.40 Dec. 29 1933; $1.30@$1.35 Nov. 29; $1.45@$1.50 Oct. 31; $1.67%@$1.72% Sept. 29; $1.82%@$1.87% Aug. 3.1: $1.79%@$1.84% July 31; $2.22%@ $2.27% .Tune 30; $1.70@$1.75 May 31; $1.52%@$1.57% April 29; $1.10@$1.15 March 31; $1.15@$1.20 Feb. 28; $1.12% @$1.17% Jan. 31, all in 1933; $1.47% @$1.52% Dec. 31 1932; $1.42%@$1.47% Nov. 30; $1.45@$1.50 Oct. 31; $1.60@ $1.65 Sept. 30: $2@$2.05 Aug. 31: $1.45@$1.50 July 30: $1.17%@$1.22% $1.10@$1.15 May 31; $1.32%® $1.37% April 30: $1.42%@$1.47% March 31: $1.70@$1.80 Feb. 29; $1.95@$2 Jan. 30, all in 1932; $1.85@$1.90 Dec. 31 1931; $2.30@$2.32% Nov. 30: $2.10@$2.15 Oct. 31 1931, and $4.60@$4.65 on Jan. 31 1930. 30: June about 10c. on current or a Pound Determined as Tax Rate Base Under Bankhead Act. A of determination lint cotton at of 11.34c. 10 per determining the rate of tax on pound, the average price the base for cotton under the Bankhead spot cotton markets, as Act, has been made and proclaimed by Acting Secretary of Agriculture Rexford G. Tugwell, it was announced by the agreed to limit shipments to the yards per year. In 1932 imports into this country were 472,000 square yards, but in 1933 they advanced sharply to 1,074,000 square yards. States to 650,000 square United under Section action cotton Commission has reported to him. of Agriculture, addition to the each case. wholly or in chief value of cotton, 15c. per has decided to impose the following fees in The President provided1 by existing law im duties chenille On (1) rugs, yard. square oriental rugs, wholly or in chief value of cotton, 23c. On imitation (2) yard. per square chief value of cotton (except grass or ricechenille, imitation oriental, and rag rugs of the type commonly known as hit-and-miss, 20% ad valorem, but not less than 5c. On rugs, wholly or in (3) other than straw), yard. square per fee The effective on The fees 1934. the exports exceed soon the chenille on rugs be made effective on will rugs and the other rugs will be made May 31 1934 date, unless during the period May 11 to same Japan to the United States should yards, in which case they will be made effective as of cotton chenille rugs from 90,000 square possible. after May 31 a6 Extends Maturity CCC Oriental imitation cotton on June 10 of Loans Date to Producers Under 10 Cent Cotton Plan to Feb. 1 1935. pledged as security for producers' loans under will be taken over or No cotton tlie Government 10c. cotton loan plan Feb. 1 the Commodity Credit Corporation prior to sold by 1935, except as provided under the terms of the loan agree¬ middling % spot cotton reaches 15c. per when ment, e.g., pound on the New Orleans market, it was announced May 8 by Lynn P. Talley, President of the Corporation. The Ex¬ ecutive Committee of the CCC, he stated, has extended the maturity Feb. 1 all the 10c. loans from Aug. 1 1934 to on Talley further announced; upon eligible cotton under the 10c. cotton loan plan will be available to producers until July 31, but the corn loan program under which farmers were enabled to borrow 45c. per bushel on ear corn stored and sealed on the farm according to State law terminated May 1, and no Mr. 1935. Loans be made. extension will further Extending the maturity who have pledged obtained warehouse cotton market rise between extension in no notes of the 10c. of cotton loans means that producers make repayment, obtain the release of advantage of any thus obtaining the receipts, and Feb. now maturity 1935. 1 producers' It must be understood that the loans the under 10c. loan plan CCC to purchase eligible producers' held by banks and other lending agencies, if tendered on or before 30 1934 at any loan agency of Reconstruction Finance Corporation affects the obligation of way designated to handle such As of April loans of the loans may 10c. repayments release of standing of on $60,806,423.93 the April 407,000 1,175,000 bales, approximately bales. and The balance of the loans out¬ secured by approximately $39,716,337.87, totaled 30 upon date amounted to $21,090,086.06, representing the same approximately at loans. 30 1934 the Corporation had disbursed to producers in cotton total a 767,000 hales of cotton. Reports indicate that banks and' other lending agencies made loans which were not tendered $60,000,000 made both ing $121,000,000 figures agencies are as for 1,200,000 purchase totaling approximately bales. The total cotton loans approximately on 2,400,000 bales of cotton. to the amount of loans repaid to banks and other lend¬ available, not one-third of the total hands of Corporation by the Corporation and banks and other lending agencies were approximately Accurate the to approximately on but reports indicate amount of loans has been repaid, approximately $40,000,000 on that approximately leaving loans in their about 800,000 bales. Rubber. at first responded to the announcement of April 29 regarding the agreement on an international con¬ trol plan, with a continuance of the upward movement initiated during the previous month. Later, however, a violent reaction set in, caused by heavy speculative liquida¬ tion and selling by disappointed holders who regarded the reduction of only not sufficient to 12%% in the rubber quotas for 1934 as eliminate rapidly enough the seven-month pound of basis %-inch sumption to 44,947 tons from 47,097 tons in March, whereas the 10 spot markets designated by the Secretary normally the entire first half of the year witnesses a steady gain in factory operation. A turn in the downward trend added: on President, on recommendation of the Administrator requested the Tariff Commission to investigate this The nigs. National Recovery, for announced on May 26 that the President has 3(e) of the NIRA with respect to imports Commission Tariff The directed supply overhanging the market. Further misgivings were caused by the statistics for April, showing a decline in con¬ Under the Act, the average central market middling spot cotton values. The Agricultural Adjustment Administration on May 26. Administration The President, in his proclama¬ - Japanese exporters have Crude rubber Average Cotton Price of 11.34 Cents the this tion, imposed an additional fee of 15c. a square yard, equiva¬ lent to 150% of the present tariff duty of 40% ad valorem, June 1930. 1. country beginning June lint of States Tariff Commission that said Unifed and covering the month of April, showed that cotton consumption in the United States continues to run foreign competition. protect a codified industry from used to An on pate a planted area of about 29,500,000 acres, and they fore¬ see at this early date a crop of about 11,100,000 bales. Print granted by the President Roosevelt, acting under powers commodity, and the on May 17, but later May 24, and then rose again Private estimates continue to antici¬ figure advanced to 11.70c. Cotton NIRA, from this on Rugs and Reduces Japanese Quota. of reacted to Montgomery, Tenn.; Memphis, Additional Import Duties President Roosevelt Imposes condition as about normal, with stands irregular. Spot cotton here in New York was 10.75c. on May 1, and age crop Ark.; Norfolk, Va. Ala.; New Orleans, La., and on depress sentiment, which, on the contrary, was swayed by bullish influences, such as the improved technical position, a proclaimed, was certified as the and mined 50% of the proclaimed price, The price proclaimed by the different market price shall be deter¬ average central market price on the following markets, designated until Secretary, to be used as a base for 10,000,000 bales of tax-exempt Statee. event at less than no of the total of excess the tax is fixed by the Act at The rate of but stricted, with the result that many price concessions came to light. Raw cotton in May had an early slow rally from the previous in ginned allotted to producing cotton price per constitutes the base for computation of the tax levied on MONTHLY -Tune, 1934] caused by heavy was favorable automotive centers caused renewed offer¬ of statements to the effect that most tire reports from the ings and because weakness when less carrying substantial forward sup¬ Ribbed smoke sheets for spot delivery were quoted manufacturers plies. at this was buying of manufacturers, but followed by another spell of 12%c. are asked April 30; 11 now l/16c. against 13%c. asked on March 29; 10%c. asked on 31 May on asked as on 1933; 9%@ 9^4c. Nov. 29; 7%c. Oct. 31; 8%c. Sept. 30; 7%c. Aug. 31, Feb. 28; 10c. asked Jan. 31; 9c. asked Dec. 29 July 31. On June 30 the spot price was 6%e. asked against 6*4 c. asked May 31; 4 5/16c. asked on April 29, and 2%c. bid and 3c. asked March 31; 2 15/16c. asked and 7c. on asked Jan. 31: 3 3/16c. hid and 3%c. asked on Nov. 30; 37>c. asked on Oct. 31; 3%c. bid and 3 ll/16c. asked Sept. 30; 4%c. Aug. 31; 3 3/lGc. asked July 30; 2 9/16c. bid and 2 ll/16c. asked June 30; 2 ll/16c. bid and 2%c. asked May 31; 3 l/16c. asked April 30; 3 l/16c. bid and 3 3/16c. asked March 31; 3%@3 ll/16c. Feb. 29; 4 5/16@ 4 7/16c. Jan. 30; 4 13/16@4 15/16c. Dec. 31 1931; 4 5/16@4%c. on Nov. 30; 4 9/16@4%c. Oct. 31; 4i/2@4%c. Sept. 30; 5@57sc. Aug. 31;/5%@5%c. July 31; 6 13/16@ 6 15/lOc. June 30; 6V>c. bid May 29; 5%@6c. April 30; 6%@7c. March 31; 7%®7%c. Feb. 28; 7%@8c. Jan. 31; 8%@8y2c. Dec. 31 1930, and 15%@1578c. Feb. 28 1930. Feb. 28; 2%c. bid and 2 15/16c. bid and 3%c. asked Dec. 31 1932 ; 3%c. American Leather Footwear—Business and Satisfactory. Very "New England Letter," under date of May 31 1934, comments upon these The First National Bank of Boston, in its markets follows: as Despite unfavorable wreather the retail shoe business has been very It has been especially good in the satisfactory. Southwest and South, but lately demand in the industrial sections has forged ahead of the drouth-stricken areas of the Central States and Northwest. , The most active demand is for footwear priced at approxi¬ mately $2 to $3.50. Higher values meet considerable con¬ sumer resistance, although quality shoes are moving much better than a year ago. Manufacturers have experienced one of the busiest spring seasons since 1929, and the popular demand for white shoes indicates an active summer in sports¬ wear and sandals. son's Buck finished sides have been the sea¬ that they will be used in the fall colors as well. March production of boots and shoes is estimated to be 34.400.000 pairs, the most active March since 1928, while output for the first quarter reached the highest level in four years. Fall business will principal within start feature, month. a pected to be and Prices, generally speaking, are ex¬ busy unchanged, and the trade anticipates a two-cent tionship with been drop in hides during the past month has has the moved times, freely. volume, provided, business continues. Wettings, of that course, Considering the since the first of the leather, year, production and consumption of all cattle hide leathers for the 32% to 35% result Ultimately, cheaper hides should have a effect upon and immediate pressure the present good retail season Its for concessions, especially in In sole leather, likewise, there has been some Shading of prices. stimulating product. the finished renewed a leather. upper first quarter of 1934 are ahead of 1933, and the best first quarter in the past six years. dence of advance There is, on the other hand, little evi¬ Higher costs, due to the code, restive labor, and strong consumer resistance to advancing prices have narrowed profit margins. These factors, to¬ purchases. the uncertainties growing out of the gether with tariff and other speculative proposed legislation, have middle 11c. to 9c. of planted con¬ and subsoil also said to be moisture. Cattle in the dry regions were suffering, due to insufficient feed as a result of the parched pasturage and poor forage crops. Gradually increasing in intensity for several months, the drouth is reported to have affected 35 States from the Rocky Mountains to New Eng¬ land, including western New York, and of the 35 States, 20 of them have being "severely affected." "chronic." The unfavorable tional line wheat duced this suppressed the the bushels both the interna¬ of sides by similar conditions in crops have been reduced regard to the American to 441,000,000, which compared in its April report. forecasted with Con¬ fronted with an unprecedented drouth, which gave every prospect of extensive destructiveness to crops as well as to live stock in the West and Northwest, Agricultural Adjustment an Administration about-face by the on some of its production restriction policies was foreshadowed in a state¬ credited ment to Assistant1 Secretary Tugwell, in which it said "the AAA program is not necessarily one of crop reduction. Our policy may well be one of crop expansion, and wre are prepared to encourage production as well as to reduce it after taking into consideration the exigencies of the drouth and the international situation." In Chicago, the July option closed on May 31 at 102%c. compared with 79%c. at the opening on May 1. At Winnipeg, the July option closed at 82%c. as against the opening of 66^4c. on May 1. Other grains also scored sharp advances during the month. July corn in Chicago closed at 61c. on May 31 compared with an opening of 47%c. on May 1, while July oats closed at 44%c. as against an opening price of 29%c. on May 1. July rye closed at 65 %c. compared with 55%c. at the opening on May 1. July barley, which opened on May 1 at 40c., closed on May 31 at 56%c. The options for May and September futures for all grains followed similar trends. Sugar. Cuban 1.41c. raw sugar, in which sales were recorded at 1.40@ first since March 24 1934, when the 1.42c., showed some! further sales at 1.42c. May 3, 1.47c. on May 7, and 1.43c. on May 22. The whole¬ on May 2, the quotation on was sale price of refined sugar here in New York was marked April to 4.20c. by one of the gains, felt larger refiners on May 9, the others announcing a similar reduction on May 10. A further decrease was made on May 25 to 4.10c., retroactive to May 23. "Futures" were more or less irregular, month with grew reduced. than hesitant with the market's was justified by labor their caution Federal inspected slaughter has been last year, but the supply hides is usually lighter in the summer months. may of countrv This month in the sugar situation was the a the signing by President The bill was approved on May 9. Cuban sugar, announced at the same time and will become effective and marketing of sugar. The tariff reduction, amounting to 50 points on was Another development June S. on of interest was the longinsular awaited official announcement of the quotas for the which was made late on May 31. approximately in accordance with the fig¬ anticipated by the trade, and were as follows: possessions and Cuba, The quotas were ures Hawaii 917,000 short tons 803,000 " " - - Puerto Rico. Philippines 1,015,000 - Cubas 1,902,000 - 5,000 — — "" 4,642,000 short tons. normal the Despite enactment of announcement of the tariff more or amount the Jones-Costigan bill, and reduction, trading in "futures" less quiet, due to several other matters clarification. These included the official de¬ regarding the excess Philippine sugars on the way still awaiting processing tax and reciprocal tariff bill. Sentiment however, as it was generally believed that the gradual elimination of the uncertainties surrounding the sugar program would have a constructive effect. here, the was better, move¬ be offset, "however, by drouth conditions in the Northwest, which may force more than ended Roosevelt of the Jones-Costigan bill regulating importations cision were but chief developments of the advanced rather legislative measures. After a week inactivity, optimism waned and prices receded. Some buying of hides took place at the lower levels, and running heavier Among the gains. Virgin Islands of ment on augmented crop, estimate 492,000,000 caused by many proposed stocks conditions been as this has also undergone curtailment. The Department of Agriculture, in its May report, estimated the total yield at 461,000,000 bushels, and subsequently re¬ continued so have described Europe, where estimates of the by about 300,000,000 bushels. In winter troubles in the upper leather divisions of the industry, weak¬ ness in stock and commodities markets, and uneasiness or been In the other 10 the condition has been termed as April the1 hide market has dropped Prior to that time it had sharply, and tanners, who successive NRA. almost to the vanishing point. urge Since the from growth of early planted the down from 4.30c. at the end of brought the price of raw material into more equitable rela¬ has While trade believes the autumn. The Northwest. wheat made fair progress in sections, the late tinued backward, with a lack of both surface was Hides, 15 REVIEW Coffee. averaged steady during May. No. quoted on May 31 at 10%@10y>c. against 10*4 c. 10V>c. March 31; 11c. Feb. 28: 9y2@9%c. Jan. Dec. 29 1933 ; 7%@7%c. Nov. 29; 7%c. Oct. 31; Coffee prices 7 Rio was Following slight recessions during the first few days of May, the wheat markets developed pronounced strength, April 30; 31; 8%c. 7%@7%c. Sept. 30: 7%c. Aug. 31, and 7%c. July 31—these figures comparing with 7^0. June 30; 7%c. on May 31 and also 7%e. April 29 and on March 31; 8@81/&c. Feb. 28; 8%c. Jan. 31, all for 1933 ; 8^4 c. Dec. 31 1932; 8V2c. Nov. 30; 8*4 c. Oct. 31, with prices scoring sharp and the nominal price of the month advanced 5c., or as of cattle on the markets during coming months. The trade expects an active fall shoe season, and hide brokers point out that the domestic markets are the cheapest in the world. Grains. day. one 23%c. the gains. Prices on the last day of the maximum permitted for anv The maximum gain in Chicago for the month was per severe The weather was the paramount issue, drouth prevailing in the American and Canadian bushel. belts being without precedent. Dust storms together with poor germination, caused spring wheat which blew the soil, extensive failed crop and irreparable damage. Intermittent showers to relieve the situation, and indications pointed in the neighborhood of 115,000,000 bushels for to a the 10c. bid on Sept. 28. This last is against 8%c. bid Aug. 31; 8%e. July 30; 7%c. on June 30 ; 7{4@7%c. April 30; 7*4c. March 31; 7*4c. 30; with 7@7!/4c. Dec, 311931; 67>@6%c. Nov. 30; 5%@6c. Oct. 31; 5%c. Sept. 30; 5%@5%c. Aug. 31; 5%@6c. July 31; 6%@7c. June 30; 6%c. May 29: Gy>@6%c. April 30; 5V2c. March 31; 5%@5%c. Feb. 28; 6%c. Jan. 31, all in the year 1931, and with 71/4@7y>c. Dec. 31 1930. 87>c. May 31; Feb. 29; 7VsC. Jan. No. 7 Santos was quoted on May 31 at 11c. against 107/8c. April 28 and March 31; ll^c. Feb. 28; 9%@10c. on Jan. 31; MONTHLY 16 REVIEW 9c. Dec. 29 1933 ; 8V2@8%c. Nov. 30; 8y8@8%c. Oct. 31; 8%@8%c. Sept. 30; 8c. on Aug. 31; 8@8}4c. July 31; 7%@ considering the 8c. June 30; 8@8x/4c. May 31, and tlie same on April 29 and ment of the measures March 31; bill introduced by Representative Oklahoma, also sponsored by the Administration. of Disney Enact¬ during the current session of Congress 81/4@8%c. Feb. 28; 8%c. Jan. 31; 9c. Dec. 31 1932; 9%c. Nov. 30, and 10%c. Oct. 31. There was no quota¬ sage tion bills in the Senate and House; on Sept. 30 1932 for this grade, but earlier in September the price was 14c. bid. This compares with 12%c. Aug. 31; l(H4c. July 30; 9%@9%c. June 30; 9%@10c. May 31; 9c. April 30; 8%c. March 31; 8^c. Feb. 29; 8%c. Jan. 30. It also compares with 8@8x,4c. Dec. 31 1931; 7*4@7^6e. Nov. 30; 7%c. bid Oct. 31; 6%@7c. Sept. 30; 6%@6%c. Aug. 31; 7y>@7%c. July 31; 8%@9c. June 30; 8%@8%c. May 29, and the same figures for April 30; 7%@8c. March 31; 7%@8c. Feb. 28; 8%@9c. Jan. 31, all in the year 1931, and with 8%@9%c. Dec. 31 1930, and ll^c. Oct. 31 1930. of 32,500 Bags of Santos Ranging from 11.28 to 11.38 Cents Coffee Sold at Prices Pound by Grain Stabiliza¬ a Announcement made was May 3 by the Farm Credit on Administration that the New York coffee office of the Grain Stabilization Corporation on that day sold 32,500 bags of Santos coffee, at prices ranging from 11.28 to 11.38c. per This sale constitutes the final allotment which will be offered to the trade of coffee sealed bids of the on 1,050,000 bags acquired from the Brazilian Government in 1931 in exchange for 25,000,000 bushels of American wheat. The last previous sale, on April 11, of 37,590 bags brought prices from 11.21 to 11.31c. a pound. The New York Coffee and Sugar Exchange issued the following, on May 3, regarding •the sales of coffee resulting from barter exchange by sales of the per the two governments: The first sale month, with that was made time. The coffee high trade price from Sept. on few exceptions, the average obtained on all The 1 1932, have been obtained and made was more the 15c., low regularly since 8 28c. several beginning has since signed, were sigh a August 1931, been and have relief when the brought emphatically made their opinions .'/• > parties. of and, sale. On the coffee-wheat of coffee to this protest from the coun¬ trade, such deals known to all interested •• . Administration in into States measures Destroyed in Brazil from June 1931 to to months of the year. half 471,000 bags have been burned during May, which compared with 411,000 bags of during the whole of April and only 557,000 bags from Jan. 1 through March, the Exchange said. Brazilian Government will continue to exercise trol of the next crop, which starts to move bill ing to advices to the New York Coffee and Sugar Exchange, announced on May 28. The announcement lists the main points resolved by the National Coffee Department for regulation of interior dispatches, transportation and expor¬ tation of coffee from all points in Brazil. of Brazil's Coffee 1934-35 Crop About Half of Current 1934-35 coffee crop is estimated at 15,523,000 bags—about half of the current crop of 29,880,000 bags, according to advices to the New York Coffee and Sugar Ex¬ change. In change, it The will produce estimates announcement, an was National the addition to the issued May 25 by the Ex¬ further stated: Coffee Department estimates that the State of 9,650,000 give bags total for production, the of the total, rest of while official Brazil it is estimated that and July 1 this on Sao Paulo bags. year In there be 2,000,000 bags still on Sao Paulo plantations of the current crop, 700,000 bags retained by planters in the State of Minas Geraes and approxi¬ mately 2,000,000 bags representing the part of the present Sao Paulo for has been export July 1 dispatched from by July 1. 1934 to June 30 plantations but which will Totaling the 1935 of above gives an not reach exportable crop Santos crop for refused to establish contained In in the testifying Inter-State industry under stringent Federal control, under the stimulus of a from President Roosevelt to Congress asking the passage of the desired measures, featured developments in of their contention Appeals, at New Orleans: the defeat of an of a Circuit Court resolution of asking investigation of the NRA petroleum code in the House Representatives; settlement of the marketing difficulties on the Pacific Coast, and crude oils of 10c. As advance in Pennsylvania-grade barrel. the month closed, mittee had duced a an by the Senate Mines and Mining Com¬ reported the Administration oil measure, intro¬ Senator Thomas of Oklahoma, favorably, after several changes had been made in conformance to objections voiced by opponents of the measure while the House was is Such cited measure decision the of of present that dictatorial such need Federal the powers over provides in their program did Government the oil not industry as the appearances before the Committee. Ickes, in answering this claim, Government the be in meantime "under pointed out that the from his decision, and of matter production control would Again, he disclosed that the strengthened only one section of the code, saying, the decision, suppose the Texas Railroad Commis¬ should adopt twice the quota for the State we found Federal Oil Administration would have to the necessary, stand the appeal an indefinite position. an decision sion anticipated by and help enforce the State action. Opposition to the proposed Federal program, which is backed by all major units in the industry, is sponsored by a comparatively small group, whose complaints would not stand up ranged from would make Administrator Ickes a measure unconstitutional was under the legal attacks which, and it was indicated, will surely follow its enactment. Other happenings of major importance in Washington in¬ a measure introduced in the House by cluded the defeat of Representative Strong, of Texas, asking for of the NRA petroleum code as an investigation administered by Federal oil approval of the Pacific Coast marketing agree¬ by the Planning and Co-ordination Committee, subject agencies, ment final approval of Administrator Ickes, who is, in turn, reported awaiting the verdict of the Department of Justice on tlie agreement sending Texas of and intensified plans, as disclosed by the Oil Administration agents to East additional fields following the favorable court decision, for curtailment of hot oil production and punishment for evaders of State and Federal proration schedules. In handing down the decision favoring the Government, the Federal Fifth Circuit Court of Appeals, at New Orleans,, dismissed tlie injunction granted in the Eastern Texas Dis¬ trict Court certain restraining sections of Federal the NRA oil and agents the from enforcing petroleum code. though the decision admitted that the petroleum code "novelty in legislation." it held that there was no public business." Texas decisions, in mission gained to a reason useful and neces¬ major month was mainly confined of which the Texas Railroad Com¬ victory which, however, was by the second decision. cur¬ In the- attempt to obtain injunctions restraining the Rail¬ defeated. at one the marked degree a Al¬ was a ■ during to court an a Adminis¬ Committee, Appeals at New Orleans, uphold¬ ing the constitutionality of the petroleum code in support Commission in Commerce Opponents of the Disney road industry during May. Other occurrences of major importance included a favorable decision won by the Govern¬ suit before the House Disney measure, Foreign the Fifth Circuit Court first, oil field the bill, such as is on measure. he pointed out, would automatically bring higher prices, which is in keeping with the Administration's wishes. Mr. Ickes asked for the elimination of the two-year clause in the Disney bill. tailed Texas the aims, message East two-year limit the on and more the a House designed to stabilize prices and promote conservation. News in petroleum in in change trator Ickes stated that the Administration's oil program sary to Petroleum and Its Products. ment Another "to upset laws and regulations generally 20,223,000 bags. The marked progress of Oil Administrator Ickes's program for new legislation placing the the Oil Administrator, fixing the quotas as distribution. and appointments will be made by the President and confirmed by the Senate instead of being made by the Secretary of the Interior, as originally provided. The Senate group also semi-official 5,867,000 as will that regulatory the national by the Senate Committee was revision of the section governing the appointment of members of the Board to be created by its provisions. Under the revised clause, to Crop• Brazil's State that the made and Estimate believes "dictator," to statements that it con¬ July 1, accord¬ on Iekes, acting production claims that the Brazil to Continue to Control Coffee. The it where ineffective and interfering with are for in destruction amounted first schedules ■-l.;'. in Brazil from June 1931 to May 15 27,281,000 bags, according to advices to the New York Coffee and Sugar Exchange, Inc. The Ex¬ change announced, May 23, .that destruction has been accel¬ erated after a sharp decrease in rate during the first four the and enforce proration up having State regulatory laws, this clause program. The amended clause, however, also provides State regulatory groups with the right to appeal to the District Courts from the orders of the Secretary of the House V ' Mid-May 1934. (Coffee the dealing with respectively. partially amended to allow the Oil Administration to was go set to States already Mr. 27,281,000 Bags of Coffee 1934 of the Committees The text of the President's message was in the May 2G issue of the "Com¬ mercial and Financial Chronicle," on page 3513. Following stiff opposition from certain factors in the industry to the clause in the Thomas bill allowing the Oil this of coffee, final in papers immediate on tiiis at pound. per opposed to barters further consignments of rumors have circulated who breathe will occasions, barter try doubt,, a Rolighly, the sales made is slightly above 10c. the bags 62,500 less or type, claiming that they hurt the regular channels of trade in without to tlie Chairmen Interior Corporation. pound. asked by President Roosevelt in mid-month, in 'his mes¬ oil Final Allotment tion was from However, Texarkana, Commission on enforcing its new regulations was ruling by the State Appellate Court, May 31. dismissing injunctions which the a had obtained against four refining companies charged with violations of its proration rulings on the basis that allegations of the Commission and the Attorney-General were defective, complicated the situation. The Court also injunctive relief sought by the State body was entirely separate from the State's action for penalties for ruled that the alleged violation continued the final action bills. June of Commission current daily by Congress In Oklahoma, production at The orders. crude oil Commission allowable pending the pending Administration oil the State Corporation Commission set on 511,700 barrels, the same figure as June, 1934.] established in MONTHLY the Federal allowable for State for. that June. developments during the month in the indus¬ news try included a 10c. a barrel increase posted in prices of Penn¬ sylvania-grade crude oil by all companies; approval of the NRA petroleum code, as whole, a by figures leading in oil industry at the mid-year meeting of the American Petroleum Institute; proposal for a world petroleum parley should the oil measures in the United States be enacted new by the present Congress. Interest in foreign markets was Teagle, who returned with other prominent abroad, where they had been attending unof¬ ficial conferences to consider the Iraq oil question. Most of the oil from the new field, which is expected to be pro¬ ducing on an export basis within the next few months, will go to European refineries controlled by the companies own¬ ing the field, it wras reported. Price changes follow: centered oil on May 23.—The Standard Oil Co. of California advanced the retail prices grades of gasoline 2 cents Nevada territory. . 23.—The Gulf Refining Co. advanced tank car prices of branded and unbranded gasoline H-cent a gallon at Portland, Me.; Boston and Providence, and 45 points at some other parts of its New York and New England territory. May 26.—Socony-Vacuum Oil Corp. advanced tank station prices of gasoline at net tank wagon and 14.5 vania crude oil 10 cents 19 cents barrel, both changes effective immediately. a Upward revision in gasoline prices throughout the entire nation marked the refined products field during May, as gains in consumption, coupled with an improvement in the technical position of the markets, saw motor fuel quotations move into higher levels. seasonal Price in ture in many sections of the country were brought the consequent firming of the price struc¬ wars end an with the affected areas aiding the tone of the market California refiners moved prices up quite quite appreciably. sharply in the sections affected by the recent price war, while unsettled conditions in Brooklyn and some sections of Long Island also remedied. were degree. Price changes posted during May in refined petroleum products follow: retail; prices Augusta, Me. third-grade prices of gasoline Y cent a gallon at service stations metropolitan New York, Nassau and Suffolk counties. Independents readjusted prices to bring their lists into line. May 31.—Standard Oil of New Jersey and its Southern subsidiary. Standard Oil of Louisiana, announced an increase of y cent a gallon in tank wagon and service station prices of gasoline throughout their respective marketing territories. Standard Oil of of Ohio advanced all of grades one-half cent per gallon for tankwagon and service station gasoline delivery. May 9.—Atlantic Refining Co. advanced tankwagon and service station prices one-half cent per gallon throughout Pennsylvania and gasoline Delaware. Standard Oil Co. of Pennsylvania and other companies met the increases. May OF Corp. advanced station gasoline prices one cent per gallon in tankwagon and service Metropolitan New York and one-half cent per gallon in Westchester. May cent 11.—Hartol gallop per at Products Corp. Bayonne. month. of In the the record Treasury THE refiners tank are gasoline one-half car expected to follow this action. May 12.—Standard Oil Co. of New Jersey advanced tank wagon, tank car and service station gasoline one-half cent per gallon throughout its territory, May 12.—Standard Oil Co. of Louisiana advanced tank car, tank wagon, and service station gasoline one-half cent per gallon in Louisiana and Arkansas. to trim tank wagon and Oil service Co. of station New York, gasoline Inc., Y-cent advanced per gallon tank car. Buffalo at and Rochester. May 14.—Leading gallon in the Toronto marketers area to advanced gasoline prices 24Y cents, including the 6 2 cents cents Government May 15,—Richfield Oil Corp. of New York advanced unbranded tank car gasoline H-cent to 6 cents per gallon at New York, and H-cent to 6H cents at Baltimore.' May 15.—Texas Co. Portland, Me., and respectively. 0.15 exception tank R. car I., gasoline 0.15 cent 7.20 cents and to earl^ part of the month, taking advantage cost of borrowing by discount bills, the some $25,000,000 more bills than it had expectation that funds cent Co. gallon per of Portland, Me., New York harbor is 6Y of New York, throughout Buffalo and per gallon its Inc., advanced tank car entire territory, with the Rochester. The new price at for "Mobilgas", 6H cents for U. S. Motor (65 octane) and 6 cents for U. S. Motor (62-63 octane). May 16.—Spot gasoline was quoted J£-cent per gallon higher at 4 Y to 4% cents per gallon for low octane material. cents May 16.—Oklahoma City retail gasoline prices as major companies joined the local price war. for ethyl, May 15 cents for standard and 13 17.—Shell Eastern Petroleum cents were cut 3 cents per gallon New prices are 17 cents for third grades. Products, Inc., No. 2 gasoline per later at a Treasury was paying 0.07% for $75,000,000 of 91-day funds on a discount basis and 0.16% $50,000,000 of 182-day funds. In the first week of the month the discount basis of the at 91-day bills gallon and tank wagon and service station gasoline 1 unchanged was 0.07%, equaling the record low, but the discount of the 182-day obligations fell to 0.15%. A week later the discount had fallen to a new low of 0.06% for the 91-day bills, owing only in part to the fact that the amount offered was $25,000,000 lower than usual at $50,000,000, and for the 182-day bills to 0.M%. In the next week the discount on the 91-day bills was unchanged, but that of the 182-day maturity was again lower, at 0.13%. The fact that offerings were then dis¬ that the Just attributable in was next June on maturity a to measure of discount bills tlje circumstance $100,110,000 was 20. the rate of discount as 011 the bills steadily declined May, so did the average yield on representative long-term Treasury issues. The Federal Reserve Bank of New York computed the average market yield at the month end at 2.89%, a new low for a very considerable period. This de¬ clining trend of long-term security yields was a not unex¬ pected accompaniment of the Treasury money policy and the Administration's security policy. The Treasury saw it that around excess the member all-time practically insuring banks. The bank record a high strong reserves of demand Administration, maintained were $1,700,000,000, thereby for the on its obligations hand, by other refusing to admit of a real revision of the Securities Act, helped to letter the market for its own securities. Because of the shortage of high-grade bonds available for invest¬ ment, banks have had, in self-defense, to turn to more and still more Government issues. The further rise in the price of Government long-term achieved in May with a minimum of official buy¬ Weekly purchases by the Government for its own was ing. account averaged less than $4,000,000, or only one-sixth of April total. May buying of Government issues by the public was influenced by the dissemination of word around the market that the Treasury did not intend to do any important amount of long-term financing on June 15. Where, early in the month, the market had been expecting that Secretary Morgenthau would undertake, on June 15, to refund the 011 $1,200,000,000 of Fourth 4%s, called for re¬ Oct. 15, and to take up, as well, short-term debt maturing through next September, after the middle of the month the market learned that prise. would be attempted. bonds its big no such ambitious With the yield on enter¬ Government constantly falling, the Treasury decided to postpone funding and refunding operations until a later date. Another factor influencing this decision was the fact that the Treasury's general fund balance totaled well in excess of $1,900,000,000 and its gold devaluation profit remained The terms of the June 15 bore cent per years May 18.—Standard Oil Co. of N. J. and Standard Oil Co. of Louisiana advanced tank car, tank wagon, and service station gasoline prices y cent 2U gallon throughout their territory, with the exception of Pennsylvania and Delaware. May 18.—Sinclair, Gulf, Cities Service, and American Oil Co. met the by Standard Oil Co. of N. J. and Standard Oil Co. of advances posted financing, made public on June 4, predictions. The Treasury offered $300,bonds for cash subscription, maturing in 14 and callable in 12 years, and $500,000,000 of five-year out these 000.000 of 3% gallon In New York and New England. per had largely unspent. advanced heating oil He. per gallon to 5c. at its Atlantic seaboard ocean terminals. May 18.—Standard Oil Co. of N. Y., Inc., advanced tank car Y cent be As the month opened the demption Oil could better rate. 6.65 cents, C May 16.—-Standard gasoline advanced Providence, TREASURY. the per tax. at S. But in the latter part of May the Treasury began borrowings to the lowest possible point in the its confident bonds May 14.—Standard U. low sold maturing. from advanced Other Jersey, however, excepted * Government financing entered a new and perhaps signifi¬ cant phase in May. With its expenditures taking place at a reduced rate and the market price of its obligations becom¬ ing increasingly favorable, the Treasury omitted the usual weekly bill offerings in the concluding two weeks of the to 10.—Socony-Vacuum New Pennsylvania and Delaware from the rise. in Co. 10 Y cents increased to 13 cents and > May 28.—Standard Oil of New York, followed by all major distributors, May 3.—Standard of New York advanced service station prices of gaso¬ a gallon in Brooklyn and Nassau County with Suffolk County prices moving up Y cent a gallon, effective Monday. line 1 cent Oil and service to in continued 9.—Standard were wagon gallon a advanced May 1.—-Offerings of low octane gasoline in the spot Chicago market were available at 3H cents a gallon from East Texas refiners, off H cent a gallon. May 1.—All major distributors advanced service station prices of gasoline in Binghamton, N. Y., 1 cent a gallon. May 1 cent for Improvement in bulk gasoline markets throughout the mid-West, following suggestions from the Planning and Co-ordination Committee that the major companies purchase part of their requirements in the open market in an effort to stabilize prices and prevent distress stocks from being dumped 011 the primary markets, aided the situation to a marked ac THE MAY FINANCING barrel with Bradford and Allegany, New York, a prices also moving up 10 cents Portland, Me., cents Crude Oil. May 1.—The South Penn Oil Co. to-day advanced the price of Pennsyl¬ gallon throughout the California and a May W. C. from men to 17 of all General the REVIEW % notes. The details of the various Treasury bills sold in May are given in the following table: mils Bills Offered. Dated. Amount of Subscrip¬ Offering. Mature. tions. Louisiana. / May 18.—Major marketers met the'advances in tank car, tank wagon, and service station prices in New York and New England posted by Standard Oil of N. May station Y., Inc. 22.—-The Atlantic Refining Co. advanced tank wagon and service prices of gasoline H-cent a gallon throughout Pennsylvania and Delaware. Gulf Refining Co. met the advance. 2 1934 Apr. 26 1934 May Apr. 26 1934 2 1934 May 9 1934 May 9 1934 May 16 1934 May 3 1934 May 3 1934 May May 10 1934 May 10 1934 May 17 1934 May 17 1934 Aug. Oct. 1 1934 31 1934 91 days 182 days Aug. 8 1934 91 days Nov. 7 1934 182 days Aug. 15 1934 91 days Nov. 14 1934 182 days May 16 1934 May 23 1934 Aug. 22 1934 91 days 23 1934 Nov. 21 1934 182 days May 875,000, 000 $193,076,000 50,000, 000 198,699,000 75,000, 000 156,841,000 50,000, 000 199,266,000 50,000, 000 172,335,000 50,000, 000 153,646.000 50,000, 000 190,788,000 50,000 000 164,466,000 REVIEW MONTHLY 18 Average tions. Price. Yield. 99.981 0.07% 99.918 0.16% Offered. $75,055,000 50,037,000 75,114,000 50,173,000 50,254,000 50,080,000 50,457,000 50,140,000 $193,076,000 198,699,000 156,841,000 199,266,000 172,335,000 Apr. 26 1934 Apr. 26 1934 1934 1934 1934 1934 May 17 1934 May 17 1934 3 3 May 10 May 10 May May 153,646,000 190,788,000 164,466,000 1941 Maturing Amount Accented. 99.983 0.7% 99.926 99 .'985 0.06% 99.936 0.13% ' about 3.72%. $150,320,000 ' 0.14% Co. of Philadelphia at 100.28, a National 1,000,000 Hamilton County, Ohio, 1M% selective sales tax poor relief bonds, due serially from 1934 to 1936 incl., awarded jointly to the Bankers Trust Co. of New York and the Ohio National Bank of Columbus at a price of 100.129, a basis of about 1.40%. 0.06% 99.929 1947 incl., awarded to a group to delphia 1 \ 0.15% 99.984 Issue of— Pa., 3M % funding bonds, due serially from headed by the Phila¬ basis of i!l,100,000 Luzerne County, To Redeem Subscrip¬ Bills 125,943,000 1,000,000 Virginia July 1 75,008,000 (State of) 2M% certificates of indebtedness, due syndicate headed by Brown Bros. York and associates at 100.33, a basis 2.46%. Re-offered at a price of 101.25, to yield 1944, awarded to a Harriman & Co. of New ' f of about 75,115,000 about 2.36%. ISSUES AND DIVIDENDS IN MAY. NEW SECURITY Changes in dividend declarations in May are mostly of a domestic market for the favorable nature. The following table, divided into two sections, namely, "Favorable Changes" and "Unfavorable month of May, like that of past months, was for the most Changes," gives the more important of the changes: part in the nature of State and municipal offerings. How¬ FAVORABLE CHANGES. ever, during the month a few railroad companies placed Abbott Laboratories, North Chicago, 111.—Extra div. of 15c. a sh. on their issues privately, and among them may be mentioned the no par common stock, in addition to the usual quarterly div. of 50c. sh., both payable July 2 1934. the $13,639,000 offering of New York Lackawanna & West¬ Acme Glove Works, Ltd.—Div. of 81 Mc. a sh. on the 6M % cum. 1st pref. ern RR., series "A," 4% bonds at 91, due in 1973 and restock, payable June 15 on account of accumulations. The last regular quarterly payment of $1.62M a sh. was made on this issue on Dec. 15 offered to the public at 93; and the $12,929,000 Philadelphia 1930. but none since. Baltimore & Washington RR. offering of 4^% gen. mtge. American Credit Indemnity Co., N. Y.— Stock div. of 25% declared on the common stock, payable May 29. Cash divs. were resumed on this gold bonds, series D, at 99^% of par and accrued interest stock on May 1 by the payment of 25c. a sh., being the first distribution since Feb. 1 1932 when 50c. a sh. was paid. The stock distribution is from Dec. 1 1933. The bonds are due in 1981. Below we Financing undertaken in the a give the larger offerings for subject to the approval of May: the State Insurance Department of New York. were Sumatra Tobacco Corp.—Div. of 25c. a sh. on the no stock, payable June 15 1934. Quar. cash divs. of 75c. a paid on this issue from Oct. 15 1928 to and incl. Jan. 15 1930, none since. American common RAILROAD FINANCING. Lackawanna & Western RR.—The Delaware $13,639,000 New York sold to certain bankers and bond York Lackawanna & Western RR., "A," 4s at 91, due in 1973. The bonds were re-offered Lackawanna & Western RR. dealers $13,639,000 New series to the Backstay Welt Co.—Special mon stock, payable July 2 public at 93. on of 24c. a par common FINANCING. (Mass.) par common div. of 8c. a Distilleries Corp.—Ewart & Bond, Inc., by the corporation in 150,000 shs. of capital stock (par $5), speculation, priced at $6.50 a sh. The stock has been registered with the Federal Trade Commission. 210,000 shs. (F. A.) Poth's Sons, Inc., Philadelphia.—An issue of 140,000 shs. of 7% pref. stock (par $5) and 70,000 shs. of common stock (par $1) are being offered in units of 10 shs. of pref. stock and 5 shs. of common stock at $50 per unit. Stock offered as a speculation. MUNICIPAL FINANCING. $20,000,000 Pennsylvania (State of)" 3% war veterans' compensation bonds, due $2,000,000 annually from 1944 to 1953 inch, awarded to Drexel & Co. of Philadelphia and associates at a price of 100.19, a basis of about 2.90%. Re-offered at prices ranging from 102.50 for the early maturities down to 101.75. A. 111., 5% long-term obligations, sold privately to C. Allyn & Co., Inc., of Chicago as follows: $7,000,000 of 101, Avhile $3,000,000 water fund ref. bonds of 1932 at a price of 101.75. The $7,000,000 bonds, which mature $1,000,000 annually from 1935 to 1941 incl., were reoffered, priced to yield 4.45%. No re-offering has been made as yet of the $3,000,000 issue. Ctfs. brought a price 5,000,000 New Jersey (State of) 3M% emergency relief bonds, due $625,000 annually from 1935 to 1942 incl., purchased by a syndicate headed by the Guaranty Co. of New York at 100.46, a basis of about 3.14%. Re-offered on a yield basis ranging from 1 to 3.35%, according to maturity. 2,966,000 Sacramento, from 1935 to to an Calif., bonds, comprising $2,890,000 3 Ms, due 1959 incl., and $76,000 3Ms, due in I960, sold account headed by the First of Boston Corp. of New 100.05, a basis of about 3.73%. Re-offered to vield York at 3.70% for the 334 % bonds and from 1 to 3.75% on the 3Ms. 2,378,000 Joint Highway District No. 13, Calif., Alameda and Contra Costa Counties tunnel bonds, purchased by tne Bancamerica Co. of San Francisco and associates at 100.003, a basis of about 3.46%. The bankers took $1,738,000 bonds, due from 1935 to 1945 incl., as 3Ms and $640,000, due from 1946 to 1949 incl. as 3Ms. 2,000,000 Hartford County Metropolitan Dist., Conn., 3% bonds, due $100,000 each year from 1936 to 1955 incl., awarded to a group headed by R. L. Day & Co. of New York at 103.09, a basis of about 2.67%. Re-offered on a yield basis ranging from 1.25 to 2.75%, according to maturity. 2,000,000 Los Angeles, Calif., 4M% water works bonds, due $50,000 each year from 1935 to 1974 incl., sold to a syndicate headed by Halsey, Stuart & Co., Inc., of New York at 100.85, a basis of about 4.42%. Re-offered to yield from 1.25 to 4.40%, according to maturity, . 1,990,000 Albany, N. Y., bonds, comprising $1,290,000 2Ms and $700,000 2Ms, due serially from 1935 to 1954 incl., purchased by an account headed by Kidder, Peabody & Co. of New York ot 100.04, a basis of about 2.62 %. Re-offered on a yield basis ranging from 0.75 to 2.85%, according to maturity. 1,425,000 Houston, Tex., bonds,, comprising $1,063,000 4Ms, due from 1944 to 1956 incl., $192,000 4Ms, due from 1937 to 1942 $106,000 4Ms, due from 1937 to 1942 and $64,000 4Ms, due from 1940 to 1949, purchased by Lehman Bros, of New York and associates at 102.15, a basis of about 4.29%. Re-offered to yield, according to interest rate and maturity, from 3 to 4.20%. (City and County of), Calif., 4% water distribution bonds, due serially from 1934 to 1953 incl., awarded jointly to the William R. Staats Co. of San Fitancisco and the Security-First National Co. of Los Angeles at a price of 102 12 a basis of about 3.72%. 1,284,400 Buffalo and Fort Erie Public Bridge Authority, N. Y., 5% first lien bonds, sold to the Manufacturers & Traders Trust Co. of Buffalo. Due Jan. 1 1954; callable at any interest payment date at a price of 101.50 on or after Jan. 1 1942 upon four week's notice. Re-offered at a price of par and accrued interest. the First (State of) 4% educational ref. bonds awarded to National Bank of St. Paul and associates at a price of 100.14. Corp. declaration of 5c. a sh., payable made on June 30, Sept. 30 and June 30 1934. ■ (less tax) and a 33 1-3% (less tax) on the ordinary the company also declared a final Burmah Oil Co., Ltd.—Extra cash div. of 2M% stock div. in addition to a final cash div. of 15% registered stock, par £1. A year ago cash distribution of 15%. champion Coated Paper Co.—Quar. div. on the common from 50c. a sh. to $1 a sh., payable May 15 1934. stock increased Chrysler Corp.—Special div. of 25c. a sh., in addition to a regular quar. div. of like amount on the common stock, both payable June 30 1934. Texas Pacific Ry.—Div. of $4 a Cincinnati New Orleans & sh. on the stock, payable June 26 1934. Payments were resumed on this Dec. 26 last by the distribution of $8 a sh. Regular semi¬ annual divs. of $4 a sh. had previously been paid up to and incl. June 24 common issue on 1932. Columbian Carbon Co.—Quar. div. on the v. t. c. for the no par common stock increased from 50c. a sh. to 75c. a share, payable June 1 1934. Columbia Pictures Corp.—Quar. cash^div. of 25c. a sh. on the no par common stock, payable July 2, and a semi-annual dividend of 2 M % in stock on the same issue, payable Aug. 2. These are the first distri¬ stock since Oct. 2 1931. butions on the common Compressed Industrial Gases, Inc.—Quar. div. on the no par capital stock increased from 35c. a sh. to 50c. a sh, payable June 15 1934. Consolidated Gold Fields of South Africa, Ltd.-—Directors have rec¬ ommended the payment of an interim div. of Is. 3d. a sh., less income tax on the ordinary shares, payable June 14. This compares with an interim div. of 9d. a sh. paid on March 16 1933. to clear up all accruals of $2 a sh. on the same 1934. The last reg. quar. payment on this issue was made on May 2 1932. Crum & Forster Insurance Shares Corp.—Extra div. of 10c. a sh. in addition to a quar. div. of 15c. a sh. on the class A and class B com¬ mon stocks, payable May 31. This compares with 10c. a sh. paid each quarter from Aug. 31 1932 to and incl. Feb. 28 1934. Curtis Publishing Co., Philadelphia.—Div. of $1.25 a sh. on account of accumulations on the 7% cum. pref. stock, payable July 2 1934. This compares with 75c. a sh. paid on April 2 last and 50c. ash. on Jan. 23 1934. Consolidated Rendering Co.—Div. of $14 a sh. oh the 8% cum. pref. stock and a reg. quar. div. issue, both payable May 1 Dictaphone Corp.—Div. on the no par common 25c. a sh. to 50c. a sh., payable June 21 1934. stock increased from div. of $1.50 a sh. out of 1933 earnings, in 50c. a sh. on the no par common stock. Pre¬ viously quar. distributions of 25c. a sh. were paid on this issue. Dominion Textile Co., Ltd.—Quar. div. on the no par common stock increased from $1 a sh. to $1.25 a sh., payable July 3 1934. Dome Mines, Ltd.—Extra addition to a quar. div. of (E. I.) du Pont de Nemours & Co.—fQuar. div. on the common increased from 50c. a sh. to 65c. a sh., payable June 15 1934. div. on the no par common sh., payable July 2 1934. Eastman Kodak Co.—Quar. from 75c. a sh. to $1 a Edison Brothers Stores stock stock increased Co.—Div. of 25c. a sh. on the no par common sh. were paid on this issue up to and incl. Quar. divs. of 12Mc. a Oct. 20 1931, but none since. stock. Ford Motor Co. of Canada, Ltd.—Divs. of 50c. a sh. on the class payable May 28 1934. A and class B stocks, both (P. H.) Hanes Knitting stocks increased from 1,324,000 San Francisco 1,200,000 Montana (Del.).—Div. resumed on the capital stock by the May 31. Distributions of 8c. ash. wero Dec. 30 1930, but none since. Boot's Pure Drug Co., Ltd.—Extra div. of 5% on the ordinary registered shares, par £1, payable during 1934. Bouriois, Inc.—Div. of 25c. a sh. on the no par common stock, pay¬ able May 21 1934. The company on Oct. 20 1933 paid a div. of 50c. a sh., the first since June 15 1932 when 25c. a sh. was distributed. Briggs & Stratton Co.—Extra div. of 10c. a sh. on the no par common stock, in addition to the usual quar. div. of 25c. a sh., both payable Bishop Oil of 1968. The purchasers as a 10,000,000 Chicago, 1932, but none since. (Del.).—Quar. div. of 12Mc. a sh. on the no stock, payable June 1 1934. This compares with a quar. sh. paid on March 1 last. Birmingham Electric Co.—Divs. of 3.50 on the $7 cum. pref. stock of no par value, and $3 a sh. on the $6 cum. pref. stock of no par value, both payable May 1 1934, as soon as the litigation with the National Power & Light Co. is ended. announced the initial public financing offered the no par value common stock, last quar. div., amount¬ Beneficial Loan Society Hayden, Stone & Co., J. & W. Seligman & Co., Lehman Bros, and Kuhn, Loeb & Co. The sale of these bonds will enable the company to pay off its entire bank loans. the form of a new issue of stock. payable in common stock on June 15 1934. The ing to 37Mc. a sh. in cash, was paid on Jan. 15 are 150,000 shs. Clinton Corp.—Quar. divs. of 32c. a sh. on the no and class B stocks and 8c. a sh. on the no par common stock, May 25 1934. On Feb. 26 1934 the company paid quar. divs. sh. on the class A and class B stocks and 6c. a sh. on the no Bayuk Cigars, Inc.—Div. of 4% on Brooklyn-Manhattan Transit Corp.—15-year secured s. f. 1949, secured by 120% 6s, dated June 1 1934. payable June 1 of New York Rapid Transit Co. ref. 6s distribution of 35c. a sh. on the no par com¬ 1934. This compares with 25c. a sh. paid April 2 last. par class A all payable 3,943,000 Pennsylvania Ohio & Detroit RR.—Kuhn, Loeb & Co. have placed privately $3,943,000 1st & ref. mtge. 4 M % bonds, series "B," due July 1 1981. The issue was sold to Kuhn, Loeb & Co. at 98.5% and interest from Jan. 1 1934. $8,000,000 sh. but Bankers National Investing 12,929,000 Philadelphia Baltimore & Washington RR.—4M% gen. mtge. gold bonds, series D, due 1981. Placed privately by Kuhn, Loeb & Co. Arrangements have been made for the sale of the bonds to Kuhn, Loeb & Co., N. Y., at 99M% of par and accrued interest from Dec. 1 1933, which is on a basis of approximately 4.526%. INDUSTRIAL AND MISCELLANEOUS par Co.—Divs. on the common and class B common sh., payable June 1 1934. div. of $2.o7M a sh. on the no par capital 10c. a sh. to 12Mc. a Hareltine Corp.—Special stock, payable June 15 1934. Hercules Powder Co.—Quar. div. on the no par common from 50c. a sh. to 75c. a sh., payable June 25 1934. stock increased Co.—Initial monthly div. of 15c. a sh. on the new $20 par common stock, payable June 11 1934. These shares were issued in exchange for the old $50 par shs. on the basis of 2M new for one old. On the old common stock of $50 par the company paid monthly divs. of 25c. a sh. up to and incl. May 10 1934. Houdaille Hershey Corp.—Div. of $1.25 a sh. on account of accumula¬ tions on the $2.50 cum. conv. class "A" stock of no par, payable June 12 1934. The last reg. quar. div. of 62Mc. a sh. was paid on this issue on Apr. 1 1932, but none since. Honolulu Plantation June, 1934.] MONTHLY Iowa Electric Light & Power Co.—Divs. resumed on the 7% cum. pref. stock, series "A," the 6H % cum. pref. stock, series "B," and on the 6% cum. pref. stock, series "C," all of $100 par value, by the declaration of 87Hc. a sh., 81 He. a sh. and 75c. a sh.f respectively, payable June 15 REVIEW United Elastic 18a Corp.—Quar. div. the on no par common stock reduced from 25c. a sh. to 20c. a sh., payable June 23 1934. Waialua Agricultural Co.—Div. on the capital stock reduced from 60c. nt a sh. to 30c. a sh., payable May 31 1934. 1934. Kansas Oklahoma & Gulf Ry.—Semi-annual div. of $1.50 a sh. on the series C 6% non-cum. pref. stock, payable June 1 1934. This compares with 50c. (Spencer) Kellogg & Sons, stock increased from 25c. Inc.—Quar. div. on the no par common sh. to 30c. a sh., payable June 30 1934. a Keystone Steel & Wire Co.—Div. resumed by the declaration of 50c. the on stock no par common sh., payable June 15 1934. This is the first this issue since Oct. 15 1930 when a quar. div. disbursement made on of 25c. a sh. waspaid. London Tin Corp.—Div. of 30% on the 7H% cum. partic. pref. st<pck, payable June 19. A similar distribution will be made on the American This covers depositary receipts for the pref. stock, payable June 26. all div. accruals to and incl. March 31 1934. The last reg. quar. pay¬ ment on these issues was made on March 31 1930. stock, a sh. on the $6 cum. pref. The last regular semi-annual Publications, Inc.—Div. of $3 no par value, payable July 10 1934. payment of like amount was made on Jan. 22 1932, but none since. Memphis Natural Gas Co.—Div. of 10c. a sh. on the Frontenac Oil Co., stock increased from 15c. McGraw Electric Ltd.—Quar. div. sh. to 20c. a a stock, this issue no par common payable May 24 1934. Quar. divs. of 15c. a sh. were paid on up to and incl. April 15 1932, but none since. McCoil the no par common sh., payable June 15 1934. on a sh. on the common stock, Quar. divs. of like amount were paid on this issue 1931, but none since. Co.—Special div. of 25c. payable June 1 1934. to and incl. Oct. 1 National Container Corp.—In addition to four reg. quar. divs. of 50c. sh., the directors recently declared four accumulated divs. of 50c. each on the $2 cum. con v. pref. stock of no par value, payable March 1, June 1, Sept. 1 and Dec. 1 1934. This wipes out accruals on this issue. a National Enameling & Stamping Co.—Div. of 50c. a sh. on the no par common stock, payable June 30 1934. This is the first div. to be paid since March 31 1930 when a similar distribution was made. National Refining Co.—Div. resumed declaration of $2 sh., payable July a THE on the 8% cum. pref. stock by 1 1934. The last reg. quar. pay¬ 1933, but none since. STOCK MARKET market went DURING MAY 1934. distinct phases in In the fore part of the month the outstanding charac¬ May. teristic was of one through two weakness, dominant the trait of the market in the concluding week of April being still in evi¬ But about the middle of the month the market dence. righted itself, Mines, Ltd.—Extra div. of 50c. a sh., in addition to the usual div. of like amount, both payable June 15 i934. Macfadden OF stock a Lake Shore quar. COURSE The sh. paid on Dec. 30 last. a made and thenceforward the movement jagged a line, in which little change of prices balance on occurred. The sidewise movement of prices was marked by unusual degree of dulness, with the turnover on one or an two occasions reaching the lowest level in 10 years. Stocks wound up the month 6.92 points lower, according to the stock average of the New York "Times," consisting of 50 of the most representative issues. From April's closing fig¬ ure of 89.09, the average of 50 stocks dropped to a low of 78.51 May 14. on From that point on the gains often more outnumbered the daily losses, and at the month end the com¬ bined average had worked back up to 82.17. The high for the month was reached on the first day at 89.54. The 25 railroad stocks for the month in the touched their average lowest point May 14, at 31.83, while the 25 industrials on established their low of 125.19 the on day. same had climbed back to 33.72 at the month The rails end, and the indus¬ trials to 130.63. Stock on the Exchange was at a further new February 1933. Activity came to 25,335,680 shares, 29,845,282 shares in April, 29,900,904 shares in turnover low since against ment of like amount was made on this issue on Jan. 1 March, and 104,213,954 shares in May 1933. National Standard Co.—Adjustment div. of 20c. a sh. and a quar. div. of 50c. a sh., both payable July 2 1934. Three months ago the com¬ date stock transactions amounted to increased the pany 50c. from 30c. quar. payment to a sh. (J. J.) Newberry Co.—Quar. div. from 15c. sh. to 25c. a Ohio Oil Co.—Div. a on the no par common stock increased sh., payable July 1 1934. the stock resumed by the declara¬ tion of 15c. a sh., payable June 15 1934. A distribution of 10c. a sh. was made on this issue on Dec. 15 1932, but none since. on no par common Parker-Rust Proof Co.—Stock div. of 10% a sh. on the no par common stock, in addition to the usual quar. May 21 cash div. of 75c. a sh., both payable 1934. pared with a year Exchange fell over Southeastern Cottons, and class B Inc.—Initial divs. of 10c. stocks, payable June 1 1934. a sh. the class A on made a on on the capital stock resumed by the declaration sh., payable June 20 1934. A distribution of 15c. a sh. was March 21 1932, but none since. Sylvanite Gold Mines, Ltd.—Div. of 5c. able in U. sh. paid S. currency on June 30 on sh. to 50c. on the no par sh., in addition to a sh. on the capital stock, pay¬ This compares with 2He. a stock increased from 37Hc. a sh., payable common an extra div. of 25c. July 2 1934. Timken Bearing Co.—Quar. div. on the no par capital stock a sh., payable June 5 1934. sh. to 25c. a Underwood Elliott Fisher Co.—Quar. div. on the no par common stock increased from 25c. sh. a Union Carbide & Carbon increased from 25c. a to 37Hc. sh., payable June 30 1934. a The a on on the no par common stock sh., payable July 2 1934. the class A common and class B com¬ stocks increased from 12He. a sh. to 15c. a sh., both payable July 2 1934. Veeder-Root, Inc.—Div. 30c. sh. to 40c. a a on the no par common sh., payable June 1 1934. stock increased from Virginian Ry.—Div. of 1H% on the 6% cum. pref. stock on account of an accrual brought about by the change of payments from a semi¬ annual to a quar. basis, which began with the Feb. 1 1932 disbursement. This div. brings payments on the pref. stock up to date and is payable 6,702,781 Washington Ry. & Electric Co.—Quar. div. creased from $1.75 Western a sh. to $3 a the common stock in¬ sh., payable June 1 1934. on Real Estate Tru^t, Boston, Mass.—Semi-annual div. on the capital stock in creased from $1 a sh. to $3 a sh., payable June 1 1934. Will & Baumer Candle Co., Inc.—Divs. resumed on the no par common stock by the payment of 10c. a sh. on May 15 1934. Reg. quar. divs. of like amount had previously been paid on this issue on May 15 1933, but none since. (J. B.) Williams Co., Hartford, Conn.—Extra div. of 25c. a sh. in addition to the reg. quar. div. of 50c. a sh. on the capital stock, payable May 15 1934. UNFAVORABLE CHANGES. Curb a Berghoff Brewing Corp.—Quar. div. of 30c. a sh. which would ordinarily be declared at this time, Cushman's sh. on the common on the common stock, to 25c. a on the no par common stock decreased sh., payable June 1 1934. Mills, Inc.—Div. from $1 a sh. to 50c. a the 6% cum. pref. stock reduced sh., payable June 1 i934. on Equitable Office Building Corp.—Quar, div. stock, payable July 2 1934, reduced from 25c. National Investors reduced from 45c. a the no par common sh. to 10c. a sh. on a Corp.—Div. sh. to 40c. a on the common stock of $1 sh., payable July 1 1934. Georgia Power & Light Co.—Quar. div. due May 15 1934 cum. pref. stock deferred. The last reg. quar. div. of $1.50 paid on Feb. 15 1934. " the on a sh. was stock, 99.16% is owned by the American Telephone & Telegraph Co. Kentucky Utilities Co.—Div. on the 7% junior cum. pref. stock de¬ creased from 87He..a sh. to 25c. a sh., payable May 9 1934. Laclede Gas Light Co.—Action on the semi-annual div. clared at this time on the 5% cum. pref. stock deferred. ordinarily de¬ The last reg f. semi-annual payment, of 2 H % on this issue was made on Dec. 15 1933. Louisville Gas & Electric Co. (Del.).—Quar. divs. on the class A and class B common stocks reduced from 43 He. a sh. to 37Hc. a sh both payable June 25 1934. 70c. a strike the threat of 34,835,211 shares, West, the slow progress of the Stock and waves accompanying and greater more strikes to violence and come soon, by the and the sil¬ As June the Stock ments Exchange control bill, embodying the mild amend¬ stringent Securities Act, to their satisfaction the to along to the White bill not was House for the President's To persons of imagination the Stock Exchange signature. bad as it might be, but, as little of merit to be found in it. change authorities promptly beyond that, there York New expressed Stock Ex¬ intention their to co-operate with the supervisory officials in Washington. It clear, though, that it would be difficult to co-operate with so cumbrous and inflexible a regulatory machine as was is being set The bill, jammed through by up. tration with Adminis¬ an professed interest in increasing employment, necessarily greeted in Wall Street with further reduc¬ was tions in a staff and in pay. cuts To the stock market com¬ were greater source of disappointment, for they offered an even no guaranty that the capital markets would be restored to vigor and life-blood reinjected into business by the capital goods industries. While the continuation of the drouth sent the grains soar¬ ing upward, it left the stock market discouraged, for it purchasing power of the people over a wide area would be greatly impaired or would have to be restored by some artificial device such as Government relief expendi¬ that meant Biscuit ing par Co.—Quar. div. on the common Foundation, Ltd.—Div. of 8c. stock reduced from value, payable May 15 1934. 1933. sh. the class "A" This compares with 15c a on sh. paid on July 15 Investors Corp.—Div. on the common stock reduced July 1 1934. from 45c. a sh. to 40c. a sh., payable news Toledo was enthusiasm regarded was small; in as lead¬ The to dulness, perhaps, than to weakness. more num¬ Electric Auto-Lite strike at but the indication that the textile and go on strikes in June was a vastly steel workers would more serious matter. labor situation However, the as appeared to be getting month ended the little better, with the Toledo strike apparently settled and the textile strike a off. called Stock market circles manifested a strong degree of indif¬ ference to the projected silver legislation. ment, or of even the that brief mo¬ whirled soon played out. It quarters that the long-range effect silver purchase program immediate the a were here the lift to prices not doubted in many was For two the prices of silver mining issues upward, but results in would be inflationary, but this direction would be in¬ appreciable. As to the fluctuations in individual Steel Steel was at its highest May 1, stocks, United States at 47%, and at its lowest same. preferred dropped from 93% May 1 to 84 May 31, with the close was no alternatives evoked The strike May 31, at 39, with the close on the latter day the sh. to 50c. a sh., payable July 14 1934. National which the stock market. at a to came purchase bill put forward by the Administration. ] began, the Senate and House conferees arranged ver Oxford Paper Co.—Quar. div. of $1.50 a sh. ordinarily payable at this time on the $6 cum. pref. stock omitted. stock, 12,601,139 and of the month which had the greatest lrouth in the Middle Pacific Seaboard Third April Exchange control bill through Congress and the too unyield¬ $6 Illinois Bell Telephone Co.—Quar. div. of 2% a sh. ordinarily payable at this time on the capital stock of $100 par omitted. Of the capital National Exchange ber of workers involved in the was omitted. Sons, Inc.—Quar. div. from 50c. a sh. Durham Hosiery par in the course of stock prices were the devastating on tures—neither of Mfg. Co. (Ind.).—Quar. div. of 7Hc. stock, payable about May 1, omitted. Fourth shares For the first five months, stock turn¬ munity the lukewarm amendments to the Securities Act June 1. Asbestos new developments bearing was Corp.—Quar. div. sh. to 35c. United States Foil Co.—Divs. mon the and sent it Roller increased from 15c. a against 26,909,498 shares a year ago. March 31 last. Time, Inc.—Quar. div. a a 1934. to ing nature of its sponsors, the labor unrest as evidenced by St. Joseph Lead Co.—Div. of 10c. against on year Stock sales on the New York Curb low for the year, at 4,313,864 ago. to shares in May 1933. Pittsburgh Plate Glass Co.—Quar. div. on the common stock increased from 25c. a sh. to 35c. a sh., payable July 2 1934. However, on April 2 last, in addition to the reg. quar, div. of 25c. a sh., an extra of 10c. a sh. was paid on this issue. a ing period shares, For the 196,477,167 shares, com¬ total of 215,239,599 shares in the correspond¬ on the latter day the same. American Tel. & Tel. at its highest May 1, at 118%, and at its lowest May 7, 108%, with the close May 31 at 114. J. I. Case Threshing Machine close dropped from 66% May 1 to 46 May 14, with the General Electric was at its highest May 31 at 50%. 1, at 21%, and at its lowest May 14, at 18%, with the REVIEW MONTHLY 18b turing dropped from 38% May 4 to highest May 2, at 31%, and at its lowest May 14, at 25%, with the close May 31 at 2S. Delaware & Hudson sold down Baltimore & Ohio was at its highest May 1, at 27%, 12, at 21, with the close May 31 at Chesapeake & Ohio moved up from 42% Bond sales (par of and railroad industrial bonds, and First Range During May 1934. the money 401,757,000 347,939,000 420,068,000 17,458,000 of influences creating the extreme ease in market in recent months was again in operation slack demand for funds on the satisfactory credit standing and financial responsibility, on the one hand, and the effects of the continued return of currency to the banks, of further scattered gold imports, and of the creation of credit by the Treasury through issuing gold certificates to the Reserve banks, on the other hand. It is becoming increasingly diffi¬ cult to establish an equilibrium between the huge supply of funds seeking prime short-term investment and the de¬ mand for long-term credit. Adding to this discrepancy is the fact that the supply of high-grade bonds, the principal type of long-term investment which is readily marketable, the virtual cessation of new corpo¬ time past. As a consequence, yields has become limited due to ration issues for some 31. May 532.003,000 part of borrowers having Last Highest. 390,876,000 11,734,000 during the month of May: Sale Lowest. 15,683,000 18,891,000 319,644,000 11,874,000 16,421,000 THE MONEY MARKET DURING MAY 1934. May 14 to Sale May 1. 18,478,000 14,869,000 The same array number, likewise, of foreign bond issues: Government Bonds. 55,021,235 367,183,000 8 Total bond sales considerable a 87,804,000 21,580,144 Foreign corporate municipal bonds manifest. In the following table we show, as usual, the fluctuations for the month, in the different issues of United States obligations, and also for a large list 64,924,000 26,909,498 Foreign government month, with substantial advances in prices corporate, United States Government and high-grade 107,054,000 value)— Domestic May 22, with the close May 31 at 45%. Southern Railway sold down from 30% May 2 to 21% May 14; with the close May 31 at 24. The bond market throughout May continued its strength of 93,948,000 34,835,211 Jan. 1 to May 31— 46% of the previous 1,840,000 4,502,000 Total bond sales.. 26% May 1 to 19% May 12, wTitli the close May 31 arid at its lowest May 22%. 4,433,000 3,595,000 Stock sales—No. of shares.... May 1 to 49% May 23, with the close May 31 at 50%. 21%. 3,271,000 1,585,000 1931. 8,117,288 8 81,843,000 2,874,000 3,087,000 12,601,139 8 value)— Foreign corporate dropped down from 130 May 4 to 117 May 12, with the close May 31 at 122 ex-div. Southern Pacific sold at 1932. 3,251,890 S 58,582,000 1933. 4,313,864 Foreign government Union Pacific down from 8 99,026,000 1934. . Domestic 30% May 14, with the EXCHANGE. 498,656,000 Bond sales (par 31 at 34%* Consolidated Gas of New York sold down from 35% May 1 to 31% May 7, with the close May 31 at 32. In the railroad list, New York Central was at its ON THE CURB 89,092,000 Month of May— Stock sales—No. of shares close May from 62 BUSINESS VOLUME OF 31 at 19%. Allied Chemical & Dye -was at its 126%, and at its highest May 4, at 146, with the close May 31 at 133. Westinghouse Electric & Manufac¬ close May lowest May 1, at of high-grade bonds, and particularly of Gov¬ have been driven to record low points, with the entire list of Liberty bonds and Treasury bonds on all types ernment securities, First Liberty Loan— 1032»3J 103 22j2May 15 104*32 May 3 103 2932 1033132 1032532May 22 104i232May 7 1032832 1933-1938 4}*s (uncalled) 4^s (2d called)...... Treasury 43*s 1947-1952 Treasury 434s to Oct. 15 1934 thereafter 3j*s 1943-1945 Treasury 4s. 1944-1954 Treasury 3%s 1946-1956 Treasury 3%s 1943-1947 Treasury 3s 1951-1955 Treasury 3%s 1940-1943 Treasury 3VaS 1941-1943 104% Treasury 3J*s 3^s 1932-1947 4j*s 1932-1947 1 Treasury bill offerings low discount rates of 0.06% for 91 days and 0.13% for 1S2 days. Gold imports during the month of May, according to the New York Federal Re¬ serve Bank, declined further to $27,300,000 against $45,600,000 in April, but excess bank reserves more than re¬ gained an early loss, and at the end of May were close to $1,700,000,000, virtually twice their amount at the beginning of the current year. Loans of the reporting member banks selling now I Fourth Liberty Loan— 1102*31 8 10328S2May 21 104<>32 May 101 3032May 17 102i932May 4 1102*32May 1 112 932 May 11 102 2032 1022°32May 103]332May 31 103i33, 107 i3i 107 May 108*32 May 11 108 63i 105I«32 105i«32May 106 2232May 11 IO6I632 103332 103332 May 104 c32 May 10 104*32 993131 993i32May 101i3a May 31 101 1031232 l03i8s2May 104i&32May 31 IO41S32 IO31832 103i732May 104n32May 31 1041*32 102 2032May 18 102832 1021331 104 above par with and during the month setting new 102 112*32 101632 101 «32 May 1941 Treasury 3}*s 1944-1946 Fed Farm Mtge 3J*s_. 1944-1964 103"3H 103i*32May 14 104i*32May 31 1041*32 for 102332 10 1 2532May 18 1023i32May 31 101 »32 Miy 22 102"32May 11 102313J new 1951 1001*32 100i232May IOII832 point for the year, but holdings of Government securities showed a slight increase. The actual amount of 1002°32 member bank reserve balances Closing $3,767,000,000 on May 23, but the increase over a month previous was offset by a small increase in member bank reserve requirements, reflecting some further increase in their deposits. The present volume of member bank reserves is more than 40% above the high point of $2,652,000,000 reached in 1929. Reflecting the almost unprecedented dearth of available short-term investments, the discount 1946-1949 Treasury 334 s Home Owners' Loan 4s 3s series A IOI2232 10 1 2 632 1 101i932May 31 100i*32May 23 100'-'332May 26 1952 Opening Price Range for May 1934. Price May 1 May 31 Lowest. 1934. 1934. Highest. Railroad & Industrial Bonds— Atch Top & Santa Fe gen 43.1995 100 10131J 8 10234 May May 31 1013* May 31 1 1948 99% 9934 May 1960 6834 AC.. 1967 8734 May 12 833* May 14 Ches & Ohio ref & impt 4)*s B *95 Chic Milw & St P gen 4s A..1989 1013* Chic Milw St P & Pac 5s A..1975 5034 Chic & N W conv Bait & Ohio 1st gold 4s Convertible 4^s Bost & Maine 1st 5s ser 61 ■ 683* May 8734 May 10234 101 1 1 6434 85 10034 May 15 1033* May 29 47 79J* 72 483* May 793* May 4134 CCC&StL 4Hs seiiesE 1977 Erie ref & impt 5s of 1927...1967 7634 673* May 14 77 May 77 6734 May 14 77 May 71?4 7134 Gt Northern gen 4)*s ser E__ 1977 111 Cent C St L & N O 5s A.. 1963 8354 743* May 25 84 May 83 7334 May 14 8034 74 May 15 833* May 813* May 79" Kan City Sou ref & impt 5s__1950 Lehigh Valley (Pa) cons 4s. .2003 6634 59 May 14 663* May 6034 Mo-Kan-Texas 14 60 553* 4j)*s ser A. 1949 Ref & impt 5s of 1930 1975 7334 May May 12 5954 5134 May Missouri Pacific gen 4s 16 N Y C & St L 4*^s ser C 6734 13 May 31 573* May 14 adj 5s_.1967 1975 1978 cum 643* 423* 7434 7634 May 163* May 13 62 >4 14 6634 63>4 May 6034 May 6734 May 6934 May 14 6634 May 9034 873* May 14 91 1834 May 14 2334 May 1967 6834 1992 Pennsylvania RR deb 4^s..l970 N Y N H & H 1st ref 43^s N Y Out & West ref 4s 4 52 34 May 6734 sale of Cons 434s series A ___1978 20 1634 May 14 713* 61 May 14 203* May 713* May 65 81 May May 14 853* May 31 7034 May 6434 May May 96 May 523* 9334 $250,000,000 of 91-day Treasury bills and papers, 68 55 25 acceptances, 853* 12 high level at Treasury discount bills and other prime as hitherto, were in excellent demand, with offerings shrinking steadily. short-term 23 a new 12 the April about ers' 1950 reached $200,000,000 of 182-day bills. As maturities totaled $425,000,000, the new issues provided $25,000,000 of new money for the Treasury. On the Stock Exchange the official rate for call loans remained unchanged at 1%, but outside loans continued to be freely available at % of 1%. Bank¬ 20 General 4s series A to a Reserve banks dropped further from to $33,700,000 May 30, while bills bought in the open market, which stood at $10,163,000 Vpril 25, fell to the negligible total of $5,178,000 May 30. United States Treasury financing during May involved the of $40,313,000 8934 May St Louis-San Francisco— declined low holdings 643* May 31 403* May 12 3634 May 12 73 miscellaneous purposes and commercial Southern Ry gen 4s series A..1956 Western Maryland 1st 4s...1952 Allegheny Corp coll tr 5s 1944 7034 67 6334 Amer & Foreign Power 5s.__2030 55 50 Brooklyn Union Elevated 5s_ 1950 9534 31 61 Collateral & conv 5s Dodge Brothers 1949 conv deb 6s. 1940 105 May May 12 9134 May 10 10434 May 22 105^4 May 1 18 10 10434 May 14 5334 May 14 8034 May 76 63 5834 10 16 11?* May 22 113* 743* 73J* 7234 May 22 7734 73 May 22 7834 May 31 7834 May 31 ...1962 68 65 May 24 713* ...1955 943* External loan 5s of 1927.. 1957 9434 9234 933* May 26 933* May 25 7134 May 31 9534 May Internat Paper 5s ser A & B. .1947 803* Warner Bros Pictures 6s 61 1939 75 CALL LOANS 61 May 1 1 1 2 1 I 1 3 1 1 1 4.. 1 1 1 A... 1945 Argentina (Govt) 6s series A. 1957 6s of June 1925 1959 External 534s Australia 5s of 1925 May 78 9434 9434 9134 373s 9534 May 94 External 434s of 1928 Berlin (City) extl s f 6s Brazil external 8s. 1956 1941 32"~ 3034 May 21 634 s of 1927 Brisbane (City) 5s_ 1957 263* 2434 May 31 May 29 323* May 27 May 10 85 1958 1 1 Saturday Sunday 1 1 1 1 1 22 Sunday 1 1 1 23 1 1 1 1 1 1 1 8 1 1 1 24... 1 9 1 1 1 25 1 26 27-.----. 10 1 1 I 11... 1 1 1 Sunday 28 1 29 Saturday 12 Saturday 1 1 1 1 1 853* May 14 Sinking fund 5s 1 1 ... 21 Saturday 1 Renewal. 1 20 7 High. 1 18 19 6 ser Low. 17 1 5 Foreign Bonds— Antloquia (Dept) 7s STOCK EXCHANGE. May. Renewal High. Low. May. ON THE NEW YORK 1958 1957 French Republic extl 73£s...l941 External 7s of 1924 1949 8434 69)4 4434 41 Queensland (State) extl 7s..1941 VOLUME 1934. 47 May 43 May 91 May 29 9334 9034 May 29 9334 102)4 May 1043* 100 May 22 103 1934 May 17 243* 92 May May May 166" May 16 2034 1 Q'-**? 1932. 1931. 46,659,525 161,647,000 59,851,000 86,809,400 62,823,100 65,480,800 284,742,800 377,017,900 261,621,400 238,708,000 196,477,167 value)— S miscell—1,212,883,000 215,239,599 153,717,978 273,349,666 40,015,000 U. S. Government Total bond sales. 104,213,954 $ 14,237,900 1 to May 31— Stock sales—No. of shares Bond sales (par Railroad and State, municipal & for'n U. S. Government---- Total bond sales 315,557,500 263,664,600 8 787,155,900 310,831,000 236,954,700 8 639,446,300 305,795,500 333,546,500 13 Sunday 14 1 1 1 15. 1 1 1 31 16 1 1 8 759,752,000 316,203,600 73,173,050 1,792,105,100 1,334,941,600 1,278,788,300 1.149,128,650 Holiday 30 1 Time loan rates 1 1 1 security collateral showed a further 011 slight recession, reflecting-"the purely nominal demand for this sort of accommodation as against the continued press¬ ure of funds. A feature was the consummation of one-year loans at 1%. for % of 1% to 1% and five months, Nominal rates were quoted at three, four and 1@1%% for six months' loans. loans running for two, again in very active investment of the demand was satis¬ fied, however, as there continued to be a scarcity of new paper coming into the market, reflecting the limited bor¬ rowing requirements of industrial concerns. Average rates for prime three to four-month paper eased to % of 1%; for four to six months to 1%, and for less known^ names on same maturities, to 1%%. Occasional transactions in choice four to six-month paper were consummated at % of 1%; in fact, some business was done at rates as low as % of 1%—the lowest ever recorded in this country—but it was indicated that these transactions involved unusually Commercial THE STOCK EXCHANGE. 23,136,913 8 179,247,000 State, municipal & for'n " 653* 114,961,000- value)— 25,335,680 Railroad and raiscell... Jan. 182 260,918,000 76,643,500 39,456,400 Stock sales—No. of shares Bond sales (par 10234 2334 OF BUSINESS ON of May— 18134 11 7334 May 91 104 ?* Month May 18534 May May 31 May 31 65 93" 1946 85 1803* May External sinking fund 5s. .1958 Rio Grande do Sul 8s 8334 May 23 31M 24 18134 May 31 183J* May 18034 New South Wales (State) 5s. 1957 1947 May 28 May 39 182 German (Republic) 7s. .1949 German Govt Internat 534s. 1965 External 6s 893* May 29 3234 May demand. paper Only a was small portion MONTHLY ■June, 1934.] DAILY RECORD OF TIME 18c EEYIEW in addition to the tendency LOAN RATES. of accepting banks and bankers investments newly to withhold from the market and keep as Rates on Mixed Collateral. drawn May. 30 Days. 1 X@1 2 3 %m %m 4 X@1 xm . xm xm xm xm xm xm xm 5 1@1X 1@1X 1@1X 1@1 X acceptance tended to urn 8 xm 9 10 xm xm 11 Xm xm xm xm xm X©1 xm xm xm xm xm xm xm xm xm to bank loans, direct which has the standing." xm xm there has recently shift in the method of financing a credits restrict Sun day 7 their hands, into supply of bills in the market still further, and also to reduce the total volume of bills out¬ day 6 coming indication of some from 1@1 H 1@1X 1@IX 1@1M xm xm xm xm xm xm xm xm xm xm xm been 5 Months. 4 Months. 90 Days. GO Days. bills xm PRIME BANKERS' ACCEPTANCES. 1&1X Call Loans May. 180 Days 150 Days 120 Days 90 Days Secured by 30 Days 60 Days Accept'ces. Bid & Ask Bid & Ask Bid & Ask Bid & Ask Bid & Ask Bid & Ask Satur day 12 1 Sun day 13 xm X©1 15 X-ht X-316 X-hB X~he X-hB X-H X-H H-X X-H X-H X-H X-H H-X X-H X-H H-X H-X H-X H-X X-H X-H X-H X-H X-H X-H X-H H-X X-H X-H X-ht X~3it X-he X-ht H-X H-X H-X H-X X-H X-H X-H X-H X-H X-H H-X X-H X-H H-X X-H H-X H-X H-X X-H X-ht X-H X-H X-H X-H X-H X-H X-ht X-hB H-X H-X X-hB X~hB X-3IB X-he X-3ie xm xm 18 . H-X X-H Xt-H H-X H-X X-H X-H X-H X-H H-X X-H X-H xm xm xm xm xm xm xm xm ... 17 xm xm xm 1@IX 1@1X 1@1X 1@1X 1@1X xm xm xm xm xm 191H 1@1X 191X 1@1X 1@1X 19 X-ht Saturday Sunday xm xm xm xm X<&1 xm 10 xm xm xm 20 14 xm 4 22 X©1 xm 23 xm 24 xm xm X©1 xm xm xm xm xm xm xm xm xm xm xm xm xm xm 29 xm xm xm level ----- X-ht X-ht - — — - — — — —— X-ht X-ht X-hB X-hB 16 - ---- X~hs 17 were — — X-ht X~h6 X-hB X~ht X-hB - — — ----- ' 21 X~ht X-Hb i —— — 24— ----- 25 X-hB X-hB 26 Sunday 28 X-hB 31 X-hB X-ht THE FEDERAL X-hB OF RETURNS 1 Ninety days Four months 1 1 @1 i ®1 1 1 xm xm xm xm xm xm xm mx i mx i xm (2)1 X 1 @1 1 xm xm xm — 1 1 xm xm xm xm Thirty days Sixty days— Six months @1 1 xm xm xm xm xm xm xm mx i xm mx bankers' i i IX IX continued shifting of reflecting to some extent the bill market to credit from Council The American Acceptance straight advances. l mx acceptances remained at the extreme established last month, the X ©IX X [i on May 19 published its usual survey of the acceptance market, and found that under the influence of excessive bank re¬ for the month of ances The volume of bankers' accept¬ April was further sharply reduced. amounted to $72,025,018, leaving a total on and low money rates the serves decline $613,129,137 as compared with $696,813,357 In announcing the figures, Robert II. Bean, Executive Secretary of the Council, stated that more than 50% of the currently reported decline in bill volume was in the type of acceptances employed to finance the storage of goods in domestic warehouses. These commodity credit acceptances went off $39,653,597 during the month. To April of 30 April 29 1933. extent some this reduction was due the to movement of seasonal operation and the retirement of the credits, but in a very large measure the reduction was caused by the shifting of credits from accept¬ goods out of as a The next important reduc¬ to over-the-counter loans. ances tion warehouses in was the volume of bankers' acceptances used to finance exports, which decline in Federal Reserve credit outstanding, and the balances of the stabilization fund from the interest was centered in the gold cer- policy of the Treasury in May because of the strange and unexplained disappearance from sight of some $25,000,000 of imported and newly-mined gold. The bare facts of the gold situation are these: In May monetary gold increased $21,000,000 to a new record high, at $7,776,000,000 May 30, while gold certificates of the Federal Reserve on were high on $157,673,000. By com¬ the rise in monetary gold with that in the gold cer¬ from $4,490,35S,000 on April 25 to a new up May 30, at $4,648,031,000, a gain of paring held tificates by the regional banks, it might be made to that the Treasury "spent" $136,673,000 of its gold devaluation profit in the five weeks ended May 30. But that appear was not the case. What actually Federal the with happened was that the Treasury deposited Reserve certificates for only from $110,- 000,000 to $115,000,000 of its gold profit. The other $25,000,000 or so of gold was disposed of by the Treasury in such a way that it never reached the monetary gold stock. The gold was imported or was bought by the mints and in secondary gold. gold holdings of the country because the Treasury either sold abroad an equivalent amount of the metal or—what is more likely—turned the gold over to the stabilization fund, there offices assay from mines and dealers gold was not allowed to swell the monetary But this and $72,000,000 reduction reported. The totals for the three classifications, imports, domestic ship¬ usual than ticifate types of acceptances, therefore, accounts for practically all the put to uses unknown. the Treasury made known the fact At the close of April $200,000,000 to the stabilization fund, Reserve statement for the week ended that it had turned over Federal the May 2 gave reflection to part of showed $96,000,000 that more this-, transaction when it had been gold certificates ment and dollar credited to the account of the 12 banks of issue. The the daily total exchange, remained practically unchanged. outstanding volume of bills, at $613,129,137, is $83,684,220 less than the volume outstanding at the April 3933. At the end of April, accepting banks were holding $236,166,613 of their own bills and $299,387,606 of others' bills, .a total of $535,554,219, of which $427,800,000 in in conglomerate to be remaining as deposit account of the Treasury itself to the item called "other deposits" declined $22,147,548. The volume of bills based on goods stored in or shipped between foreign countries went off $9,815,831. The drop in these three of BANKS- CITY. shift of a More — Good 4 to 0 months 1 IX Prime 4 to 0 months for resulted, serves, a Commercial paper— Double aud single names: RESERVE YORK April, from Treasury action rather than from causes arising within the banking system itself. These changes included a further substantial rise in the gold certificates deposited with the Federal Reserve System, another increase, albeit a small one, in member bank re¬ May xm xm LOANS IN principal changes in the Federal Feserve position The June 2. May 26. May 19. May 12. 5. @1 Week'savge.(mixed & lnd. coll.) Time loans (mixed and ind. coll.)— rates X~3ib Holiday 30 THE Stock Exchange— Range lor wk. (mixed & lud .coll) 1 Rates X-ht X-hB X-hB X-hB ----- 29 Week Ended low X-H Saturday 27 . X-H 1931. M ay Five months X-ht X-ht X-ht X-hB X-ht. — X-hB X-ht - 23 X-hB X-ht ----- 22 BROKERS' on X-H Sunday RATES FOR MONEY AT NEW YORK. Call loans X-ht X-ht X-hB Saturday 18 xm of short duration and general market conditions. November since ----- X-ht 15 paper of sentative X-ht - - 14 not repre¬ Under date of May 10, the Federal Reserve Bank of New York announced that returns received by the bank from commercial paper dealers showed a total of $139,400,000 of open market com¬ mercial paper outstanding, which was 5% above the total reported during the previous month and 118% above the April 1933 total of $04,000,000; it represents the highest attractive X-hB - 13 mix 31 X-ht X-hB X-hB X-hB - 12 lloli day 30 X-hB X-ht - ll 191X mix 28 X-ht ------ lO- Sun day 27 ----- 9 Satur day 26 Sunday 8 xm 25 Saturday 6 7 xm xm xm xm xm xm Xm xm xm ----- 5 Sun day X©1 X-ht ----- 3 Satur day 19 20 21 ■ 2 Although Treasury statements disclosed the fact that $200,- been taken out of the $2,000,000,000 stabiliza¬ now 000,000 had end of fund, the banking figures never did reveal what had become of the other $100,000.000—that is, the sum not ac¬ were held by New York City banks and bankers. bankers' Rates for acceptances on every day of the past month 120-day bills, and % of 1% bid and % of 1% asked for 150-day and 180-day bills. The New York Federal Reserve Bank, in its "Monthly Review," discussed conditions in the market for bankers' acceptances as follows: "The discount market for bills remained very May, of new tions. first but it quiet during demand, as the supply bills coming into dealers' hands was of small propor¬ despite an active investment The part was dealers of April continued the practice adopted of quoting rates only indicated that of the small transacted most of dealers' purchases and most of their sales were at on in the application, volume of business were at Vg of 1%. It 3/16 of 1%, appears that, the deposit of gold certificates in the week May 2., in connection with the operations of the stabiliza¬ counted for by which closed on It was were of 1% bid and 3/16 of 1% asked for 30-day, 60-day and 90-day bills; % of 1% bid and % of 1% asked quoted at % for tion tion fund that the Treasury caused the change to be made in the way its statement. It. consisted deposits were reported in the Federal Reserve This change took place in the week ended May 9. in the of a revision name of the Government deposit item in the weekly bank statement from "Govern¬ ment" to "United States Treasurer—General Account," and of the transfer to "Other in Deposits" of $100,000,000 included Government deposits on May 2. By lumping the fund's deposit with those of other governmental agencies and of various others, such as clearing non-members, the purposes of concealment of the fund's activities were thought to be better served. , $35,000,000 rise in Treasury balances with the Federal Reserve and the $65,000,000 increase in other deposits kept The MONTHLY EEYIEW 18d member bank reserves from mounting more than $15,000,000 Excess reserves were higher dollar-for-dollar with actual reserves, and as May ended the volume of surplus reserves was around the $1,700,000,000 mark. Continuing in May. in member bank reserve ease in May end than the last the month- was nearer April statement, currency circulation was $.14,000,000 higher. From April 25 to May 30 brokers' loans, as compiled by the Federal Reserve Bank of New York, declined from $948,- $915,000,000, or $33,000,000, following a $62,000,000 increase in April. Loans placed by reporting New 000,000 to banks York $786,000,000, banks were "Street" dipped to account own $743,000,000 from $43,000,000; those placed for out-of-town $10,000,000 higher, at $164,000,000, and those or others were unchanged, at $8,000,000. of account for for loan total, compiled by the New The dollars: BANK) COMPARED WITH LONDON PRICES. London $1,016,386,685, or $71,839,674 less than the total $1,088,226,359 on April 30. A year ago, on May 31 1933, these loans aggregated only $528,509,438. London / United Prices United Prices Stales. Converted States. Converted into Dollars. into Dollars 34.77 May 35.00 34.88 May 17 35.00 May 35.00 34.83 35.00 May 34.83 May May 18 35.00 19 35.00 34.80 May 35.00 34.82 Sunday Sunday May 35.00 34.82 May 20 May 21 35.00 Holiday 34.82 34.80 May Sunday Sunday May 22 35.00 May 35.00 34.84 May 34.76 May 23 May 24 35.00 35.00 35.00 34.78 May 35.00 34.86 May 25 35.00 34.78 May 10 35.00 34.80 May 26 35.00 34.78 May II 35.00 34.79 May 27 Sunday Sunday May 12 35.00 34.75 May 28 35.00 34.79 May 13 Sunday Sunday 34.82 May 29 35.00 34.78 May 14 35.00 34.75 May 30 Holiday 34.79 May 15 35.00 34.76 May 35.00 34.77 16 35.00 34.76 May LONDON CHECK RATE York Stock Ex¬ 31 ON PARIS AND PRICE OF GOLD IN LONDON. London London Oven Market London Check Rate Open Market London Check Rate May. amounted to of UNITED STATES (FEDERAL RESERVE PRICE PAID FOR GOLD BY also declined, the total of these loans on May 31 change, market, the price paid for gold by the and the London gold price converted into States, affairs was indicated by the $6,613,000 decline in bills discounted and of $4,985,000 in bills bought in the open market by the regional banks. Total Federal Reserve credit outstanding was $16,000,000 lower. Government security holdings of the System were unchanged on balance, though there was some shifting in the portfolio, Treasury notes being off $4,609,000 and certificates and bills up approximately the same amount. As the last state¬ ment of t)he Federal Reserve in the London open United on May. Gold Price. Paris. on Gold Price. Paris. 136s. 77.32 17.J Id. Sterling exchange was under pressure during the greater and operations originating in Paris the Continent, the pressure on French coming mainly from the The market in New York was extremely capital. dull, and operations were confined almost entirely to neces¬ transactions. The European pressure against sterling was, of course, reflected in lower quota¬ tions for the pound in New York. It may be recalled that during March and April sterling fluctuated within compara¬ tively narrow limits, and was much firmer in terms of the commercial sary dollar than had been the case in February. contrary, sterling was lower in New In May, on the York than at any time All foreign exchanges tended to parallel the course of sterling. In commenting on the situation, the Federal Reserve Bank of New York said in its "Monthly since February. Review" for June 1: principal foreign currencies fluctuated irregularly during the first 10 days of the month, and then held com¬ paratively steady during the next two weeks at levels below those reached toward the end of April, and in some instances below the average for that month. During the final week of May the dollar made further gains, and on the 29th, the closing rates for foreign currencies generally showed a net loss for the month, with, quotations for the gold currencies at a discount from parity. After an irregular decline early "The in the about month, the pound sterling was quoted at a rate of $5.11 from May 10 to 21, but declined further to $5.08% at the close of May 23." On April 30 sterling cable transfers sold as high as $5.14%, and May 1 were off to $5.11@$5.13%. The highest quota¬ sterling in May was $5.13%, on May 9, and the on tion for lowest was $5.06%, May 31. The firmness of the dollar— sterling—is reflected in some degree by on the weakness in or the London price for gold. The United States price (Federal York) continued at $35 per ounce. It Reserve Bank of New be recalled that on April 21 the London price for gold, may converted into dollars, was as high as $35.10 an ounce, and •jontinued only slightly under $35 for the remainder of the month. The London price for gold, when converted into dollars, is an indication of the relative position of dollars to the new parity fixed at the time of devaluation. On May 1 the London gold price, dollar equivalent, which varies with the fluctuations in dollar-sterling exchange, was $34.8S; touched $34.75 on May 12; rose to $34.82 on May 22, and closed at $34.77 on May 31. The weakness of sterling in terms of dollars may be viewed from another—the per¬ In centage—angle. London of 3% Washington. January the dollar value a in to 4% above the value placed upon it by On the percentage basis of the new dollar parity, the dollar-sterling rate and London had indicated value a for the the price for dollar in gold in London of $100.55%-100.69% on May 4, of 100.29%-100.47% on May 9, of 100.72%-100.86% on May 14, and of lOQ.75%-100.86% on May 31. The ease in sterling is perhaps best indicated by the move¬ ments of the London check rate on Paris, from which center practically all the pressure against the pound originated. In the last few days of April, London checks on Paris were quoted around 77.37 francs to the pound. Throughout May the rate showed considerable downward trend. On irregularity, with May 1 the rate a 77.26 persistent francs 136s. 3>*d. 18 77.22 136s. 2d. 77.36 136s. 19 77.22 136s. 77.28 135s. 5 part of May, due chiefly to 135s. 77.13 4 EXCHANGE DURING MAY 1934. 77.26 3 COURSE OF STERLING 1 2..._ 77.19 136s. Fund and the Bank of France were co-operating in the rate around 77.32, and on an en¬ May 12, owing to fear of 76.97 136s. 6^d. l^d. 24 77.00 136s. 9d. 77.32 135s. llYid. 136s. 77.31 136s. Id. 27 12... 77.49 135s. lOd. from Paris day to day, the price of gold in shillings and pence 77.06 28 9 10 .... 26. 29. SUN DAY 13 14 77.36 135s. 15 77.32 136s. 16-..- 77.32 136s. 6^d. 77.12 25 77.31 11 136s. 6d. SUN DAYr ... 136s. 8Hjd. 77.09 136s. 9d. 77.06 ... ll^d. 30 77.03 137s. Yd. 31 76.98 136s. ll^d. Yd. 136s. against sterling, which was only the begun about the end of March, was due to the return of confidence in the stability of the franc. French and other Continental funds, which had The French pressure of culmination a process sought refuge in London for safekeeping early in the year, began at that time to return in large volume. The move¬ ment of Continental funds away from London became very conspicuous toward the end of April. Between April 27 and May 31, inclusive, approximately £9,928,000 of gold wras available and disposed of in the London open market, of to have been taken for shipment which £6,771,000 appears to France, £2,266,000 for American account, and destinations. French interests also unknown £891,000 for drew from vaults of the London private banks, so that between April 27 and the end of May a total of approximately £8,172,000 of gold London gold which had been stored by hoarders in the taken from London for France. was The British Exchange Equalization Fund and the Bank of France were constantly required to intervene in order to steady the rates. In the last few days of the month, though the pound still continued soft in terms of the franc, trading in the European centers became less active, and indications appeared that the French drain was subsiding. London bankers intimated that the French balances on hand were close to what they should normally be to meet the usual requirements of international Ordinarily the pound should show firmness at this trade. season, by reason of large American tourist demands, but requirements are now reported to be at the lowest in years. Another important source of unseasonal pressure these against the pound is derived from advancing business pros¬ perity in Great Britain, which continues to induce a larger volume early than is customary in the spring and imports will become re-exports of manufactures. The London authorities appeared of imports These summer. British throughout the month entirely unconcerned with the exodus hoarded funds from the London banks. Most of the of funds in now withdrawn went over during the political crisis February and were regarded by London as in the nature of "nuisance" funds. The underlying position of Paris in the pound continues exceptionally strong, and the plethora rates pre¬ of available funds is reflected in the low money vailing in London the open markets, which have barely changed from day to day for more than a year. Only slight changes were disclosed in the Bank of Eng¬ gold holdings during May. It would seem that for more than a year the British authorities have been content land's with a gold reserve of around £190,000,000, and with a pro¬ portion of reserves week ended May 2 days of April) to liabilities of around 50%. For the (which included the three last business the Bank of England showed an increase in gold holdings of £51,058; in the week ended May 9, a decrease £56,SOS; in the week ended May 16, a decrease of £39,092; the week ended May 23, an increase of £83,876, and for the week ended total 142,067, and the May 30, a decrease of £41,489. On May 2, gold holdings of the Bank of England stood at £192,- period on May 30 at £192,088,557, a net decrease for of £53,510. the Cunliffe on 136s. 3d. 23... 136s. the tables give the London check rate 77.20 136s. 2d. month The following 22 77.23 speculators as to the probable course of exchange, the rate reached the high for the month of 77.49 francs to pound. HOLI DAY 21 77.20 in deavor to keep SUN DAY 20 7 of was and 2Y&. 8 to pound, lOd. SUN DAY 6 the closing rate for London on Paris on May 31 was 76.98 francs to the pound. There were frequent evidences during the month that the British Equalization the 11-Hd. Total holdings at the end of the compared with £187,402,773 on May 31 1933, and with the minimum of £150,000,000 recommended for the bank by Committee in August 1918. bv that Committee that the pre-war It was estimated gold reserves consisted {.Continued on page 57.) New York Stock MONTHLY AND YEARLY RECORD May BOND OF RANGE Jan. 1 to May 31.. 1934. May 104,213,964 215,239,699 25,336,680 196,477,167 Shares. Jan. 1 to 1933. 1934. Slock Sales. $377,017,900 1,334,941,600 $284,742,800 1,792,106,100 ; PRICES DURING MAY 1933. 1934. Bond Sales. May 31 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 range for the year. NOTICE.—Cash and deferred delivery sales are regular monthly range are shown in a outside of the The tables on pages 19 to 41 furnish a complete record of the transactions on the New York Stock Exchange during May 1934 and the range since Jan. 1. They need no extended introduction, as they are self-explanatory. The tables embrace every security dealt in on the Exchange. We give bonds first, using the classification adopted in the official list, The black-faced letters in the column headed "Interest Period" indicate in each case the month when the bonds mature. adopted by the New York Stock Exchange in 1909, all quotations for interest-paying bonds price to which accrued interest must be added. The exceptions to the rule are income bonds and bonds on which interest is in default. A. few other bonds, like the Holland-America Line 6s, for special reasons, are also quoted "flat," In accordance with the rule are at a but where this is the This method of quoting bonds "flat" will be found against the name of the issue. the quotation case became effective Jan. 2 1909. •O Sales in May? N. Value. STOCK Y. EXCHANGE. RANGE SINCE JAN. PRICES IN MAY. Price S| SI BONDS May 1934. Ask Bid. 1J S GOVERNMENT Bid. 1. Ask. Highest. Sale Prices. Sale Prices. May 31. Bid 1,281,000 Registered 30,000 1032»32Sale Ask ..... 101*n First 4%s I6l "ijSale June 15 1932-1947 1033132Sale 10 1041s2 Apr. 100«3j Jan. 12 1032632May 10 10017»2jan. 18 103832 May 16 First Sec'd 4%s 1,547,000 180,000 O A 4%s Registered Fourth 4%% 1012#jiSale Registered (2d called) ... Registered..... 8 1032632May 21 104932 May 11 4 17 1021B>iMay 10l2*s2Jan. 9 104932 May 8 101 "sjJan. 10 104»32 May 11 102 Apr. 17 102i932May 4 4 1012«32May 18 1021432May 1102432May 1 112932 May 11 Sale Sale ... 1102432Saie iiS'V, sale" 102232 Apr. 104si32Jan. 16 1021632Apr. 16 11 11 12 112 4 102t«i2Apr. 19 1032°32Apr. 19 111^32May 22 M m ... P D 1 103632 May S 103i832May » D GO^nSale 1022os,Sale 103JJ32Sale 103332 Sale 1022232May 9 103332 May 31 107132 Sale 108632 Sale 107 1087s2 May 1012132Jan. 10 10873» May 108 1012#32jan. 10 108 11 11 10083j Jan. 10 1062232May 11 1002832Jan. 22 106 ®32 May 29 10124«Sale fl M Mar 15 1941-1943 D J ; 1051632May 106» 632Sale 105 1632May 1051«32Sale 998jj Sale 103®32 Sale i04i„ Sale 94'43jSale 993132Sale 100 Sale 101 Sale 1031232Sale 3s May sale" 1003o32May io41632Saie~ 1031»32May 104i632May 104»32 Sale "9 9 May 1032o32May 104632 May 103 "32 May 104"32May 100 a, Jan. 982J32Jan. 11 May 104 632 May 10 9 98»°32Jan. 13 103263iMay 9 31 11 31 29 31 931832Jan. 10 101i32 May 31 Feb. 2 1003°32May 11 103i832sale 1041132Sale 97 9824a2Jan. 99123iJan. 11 104i632May 31 6 104632 May 29 982°32Jan. 11 10411s2May 31 14 1002432Feb. i6i«3_2 Sale" 14 101632 May ~98»"°3iSaie 102832 Sale f4^ Sale" i63i"3»Saie" 104 102 832 Sale 102sl32Sale 1022032May 18 gS^jjJan. 10 1022°32May 18 1011632May 952®siSaIe 1012132May 16 31 4 31 25 11 31 14 974si Jan. 25 10121s2May 16 1041432May 1031432May 103i332May 103 133iMay 1012632May 1023i32May 102 1832May 102i632May 1021732May 10122s2 Sale 1012632 Sale 101932 May 1001432 Sale 101i832 Sale 1001232May 101i»32May 1002°32May 1002232May 1001432May 1002S32May 26 ......1952 M N Series A.._..u... 98 1002432Feb. 99«jj Sale Registered 861,000 May 101 *32 99'l3sMay D Aug 1 1941 FA 4,002,000 Treasury 3%s F A Registered ; 2,000 .1944-1946 13,894,000 Treasury3%s Registered 1,000 1964 M S 3,078,000 Fed Farm Mtge Corp 3 %s ) 1951 J 6,852,000 Home Owners Mtge Corp 4s 6,000 May 8 J June 15 1946-1949 1051«32Sale D M 1940 43 ... Registered 1032632May 11 1031332May 31 103173»Sale D M I 15 11 11 10622s2May 11 106 6s2 May 29 104632 May 10 11 May 103i»32May 31 103s32 May 31 Registered June 972«22)aD. 1129j2 May 1022°32May e J ;_.Sept 15 1951-1955 9,000 2,469,000 Treasury 3** Registered 63,000 1,977,000 Treasury 3%§ Registered 2,879/000 Treasury 3%s 11 1051132Jan. May 7 10443i May 112 1072S32May June 15 1943-1947 1,652,000 'Treasury 3%s Registered 11,000 8,639,000 'Treasury 3s. 10622iiSale ...... .Mar 15 1946-1956 4,377,000 Treasury 3%s Registered 11,000 2,000 102 8 11 10328S2May 21 104932 May 1032832Sale 1021232Sale Oct 15 1947-1952 A O 2,765,000 Treasury 4%s A O Registered.. ; ... 9,000 Treasury 4%s to Oct 15 1934, thereafter 3 % % 1943-45 A O 2,478,000 J D Registered.. 2,000 Dec 15 1944-1954 2,598,000 Treasury 4s 2,000 104 1041*2 Sale O 104 <32 Sale 1021332Sale Oct 15 1933-1938 A Fourth 57,000 Jan. 10 104i23tMay 1012sj Jan. Fourth Liberty Loan— 1,036,000 8 100 101 «n Jan. 1013°32May 1621V3,"" 1; June 15 '32-47 Jan. 1032532May 22 10412i2May 1032231May 29 104<32 May 102 2 632May 18 1022«32May 18 1032»32Sale Registered 4,000 1,000 5 1004aj Jan. 100 Registered 705"666 Sale Prices. Sale Prices. 3 1032232May 15 104132 May 1032«32May 10 1032«S2May 10 1022732May 28 1038S2 May 16 1032932Sale —_ - ..... June 15 1932-1947 First 4s... 2,000 lOO^uSale June 15 1932-1947 Highest. Lowest. Lowest. First Liberty LoanFirst 3%s 1, Jan. 2 1002<>32 Sale 9727s2Jan. 11 1041432May 31 lOO'OjjFeb. 16 1031332May 4 101732 Apr. 20 10231s2May 31 102i632May 25 102ls32May 25 10193i May 22 1021732May 11 1 101i932May 31 1001232May 1002032May 14 10022s2May 14 1001432May 23 100!332May 26 STATE AND CITY SECURITIES (See below) Note FOREIGN GOV I. OL MUNICIPAL'S 18,000 31,000 9,000 17,000 35,000 41,000 28,000 16,000 31,000 9,000 6,000 27,000 132,000 234,000 4or \~~(~ Ift 194h With Oct 15 1934 coupon on. 1948 1963 m N Vkershus (Deptl extl 5s. Antloqula (Dept of) Col 7s A j 1945 j 24 22% 20 22 17 21 22% 16 a Aug 1 1934 subseq coupons on.. Sinking fund as 4 17 16 e 1947 Agrlc Mtge Bank if 19 21 25 25 66 67 % 79 81% 12% 11% 12% 77% 8% Sale 10% 10% 10% 91% Sale 94% Sale 74 Sale 77% Sale 23% May 22 May 24% May 22% May 79 May 10% May 10% May 10% May 10% May 10% May 10% May 9% May 89 % May 72% May 78 Sale 73 77% Sale 77% Sale 77% Sale 78% Sale 77% Sale 73 11 External ■ f 7s ser B ..1945 8 9 11 Extarnal • f 7s ser C ....1945 8 11 External • f 7» 9% Sale 7s D se» .......... 1945 8% ...1957 78 2d series. ...1957 ..... 7s 3d series... Antwerp (City) extl loan 5s.. 7 7 ...1957 1st series 8 8% 8 y8 Sale 11 27% Sale Sale ..... Sale 11% 12* 82% 53% Sale 55 D 54 Sale O 53% 53% 54% Sale Sale Sale, 74 Sale 54 Sale 74 Sale 74% 73% Sale Sale 1958 Argentina Govt public works 4s. 1960 AO 25%, Sale 30 28 80 11% Sale 11% 11% 11% 11% 11% 11% 9% 10% 9% 11 9% 11% 2 1 2 11 10 16 15 9 9 14 14 15 11 22 27% May 31 26 May 24 e26%May 17 26 May 24 80 May 7 11% May 22 11% May 22 11% May 22 11% May 22 10% May 15 11% May 3 11 May 3 94% May 29 78% May 31 18% Jan. 11 31 3 27% May May 26% May 25% Feb. 81% Apr. 2 Feb. 19 Jan. 11 15% Jan. 8 16 Jan. 9 66% Jan. 8% Jan. 20 Jan. 10 9% Jan. 8% Jan. 8% Jan. 11 9 2 4 8 Jan. 4 8 Jan. 2 82% Jan. 53% Jan. 2 53% Jan. 4 53 Jan. 5 53 Jan. 4 53% 53% 53% 52% 52% 47% Jan. Jan. Jan. Jan. Jan. Jan. 4 2 26 \VA Feb. 24 17 16 23 19 17 Feb. 19 17% 14% 14% 14% 99% 78% Feb. 19 Feb. 13 Apr 19 78% 78% 78% 78% 78% 78% 78% 78% 71% Apr. Apr. Apr. Apr. Apr. May Apr. Apr. Apr. 18 18 18 18 18 Feb. 19 Feb. 19 Mar. 5 Argentine Nation (Govt of)— 265,000 295,000 240,000 139,000 112,000 398,000 213,000 141,000 257,000 Sinking fund 6s of June 1925..1959 J Extl 8 I g 6s .1959 A of Oct 1925 M Sinking fund gold 6s ser A....1957 External 1st s f 6s set B ......1958 J Extl s Extl • t D _1960 M N f 6s (State Ry) ......I960 M S f 6s of May External S 1926 F f 5 l«* 1962 53% 53% Sale Sale N 54 Sale 74 F Public Works ext s f g 6s..May 1961 A M ' 6s (Sanitary Works). ..1961 Public Works ext s 73% Sale 73% Sale 74% Sale A 47% Sale 68 78 Sale Sale 78 Sale Sale 71% Sale 72% 73 % 73% 72 % 73% 73% 65 May May May May May May May May May 22 22 22 2 3 22 23 2 24 78% 78% 78% 78% 783% 78% 78% 78% 71% May May May May May May May May May 31 31 31 31 31 31 31 31 31 4 2 5 5 2 31 19 18 19 New York Stock Exchange and usually only at long intervals, dealings in such securities being almost entirely at private sale over the counter. The Stock Exchange record hence is imperfect and misleading. Bid and Asked quotations, however, by active dealers in these securities will be found on a subsequent page under the general head of "United States NOTE.—State and City Securities.—Sales of State and City securities occur very rarely on the & Municipal Bonds." r a Cash sale, not included in range. Deferred delivery, not included in range, t Accrued interest payable at the z exchange rate of $4.8665 to the £ sterling. t Companies reported in receivership. * Look under list of Matured Bonds on p. 31 e sales, in which no account is taken computing the range, are given below: Agric. Mtge. Bank 6s, 1948, May 22 at 31. Jugoslavia 7s, 1957, May 25 at 42%. Cash in Deferred delivery sales, in which no taken in computing the range for account is the year, given below: Atch. Top. & S. Fe 4s of 1905, May 17 at 96. Beech Creek 4s, 1936, May 8 at 100%. Berlin City El. 6%s, 1951, May 23 at 45%. Copenhagen Tel. 5s, 1954, May 2 at 91. Cuba 5s, 1944, May 8 at 91%. Copenhagen 4%s, 1953, May 29 at 73%. Finland 6s, 1945, May 1 at 95%. Gt. Brit. & Ire. 4s, 1990, May 31 at 114% and May 4 at 116%. are Hungary 7%s, 1944, May 28 at 37%. Leipzig 7s, 1947, May 1 at 60%. 7s, 1952, May 29 at 87. Met. Edison 4%s, series D, 1968, May 3 at 85% Oslo 6s, 1955, May 10 at 91%. Oslo Gas & El. 5s, 1963, May 29 at 83. P. C. C. & St. L. 4s, series D, May 8 at 100%. Rotterdam 6s, 1964, May 31 at 116%. Sweden 5%s, 1954, May 31 at 101%. Truax-Traer Coal 6%s, 1943, May 7 at 52%. Lombard N. Y. STOCK 30 Sales in N. STOCK EXCHANGE. Y. 1934. Bid Foreign Government (Continued) 76,000 Argentine (Rep) 5« of 1«09 1945 M July 15 1955 J 543,000 Australia 5s of 1925 External loan 5s of 1927 1957 M 307,000 External g 4*4* Of 1928 1956 M 704,000 -...-.-1943 J 90,000 Austrian Govt • f 7s International s f 7s....1957 J 101,000 1945 F 112,000 Bavaria (Free State) extl 6 %a 71,000 Belgium 25 year external 6>4s.—1949 M 145,000 103,000 171,000 13,000 49,000 153,000 216,000 31,000 90,000 61,000 95,000 59,000 112,000 135,000 184,000 108,000 65,000 46,000 16,000 31,000 101,000 41,000 External External s s External s §9% 83 Sale 92% 49% 44 % Sale S 95 Sale J 94 Sale D 97 99 .1956 M N 90 Sale -----— s J S N D J A f 5».Oct 15 1949 A 33 O A 1945 --1947 (Republic of) s f 8s sec gold 7s 15% 6% 5% 5% S M N External 1958 J J Extl sink fund 7s 1969 M S 15-year 6s... 1934 M N Bordeaux (City of) - 1935 M S 7s trust rects Sinking fund gold 5s 20-year s f 6s Budapest (Clty> extl External a Externa] s . 22,000 Buenon Airs s (Prov) ref ext'l a f 6a Stpd (Sept 1 *34 coup on) 217,000 External » f 6%s_ 11,000 Stpd (Aug 1 '34 coup on) 54,000 43,000 Bulgaria (Kingdom of s f g 7s Stab loan a f g 7%« Nov 15 41,000 Colombia 45,000 296,000 41,000 235,000 42,000 62,000 56,000 74,000 86,000 176,000 1,000 51,000 Sale Sale Sale Sale 50 47 46% M S 26% M S 26 "3l" F A 31 36% F A 25 29 J 19 Sale M N 25 27 1961 1961 1967 J 1968 k Sale 92% Sale 103 X Sale 11 A O Exter 6s (July 1 '33 coup on) Jan '61 With July 1 1934 coup on J Colombia Mtge Bank 6%8 Sinking fund 7s of 1926 93 £ 94 94% Sale 92% Sale 99% Sale (Dept Stamped extd to ..1942 J J 195* 1951 M N A O o 1952 J 1955 Sale 101 Sale 100 106% Sale 105% 106% 105 Sale 104 85 79% 80% Sale 33% 35% 34 34% 81 Sale 37% Sale 37% Sale Sale 21% 18% IS* 9 Sale 8% 6% Sale 7* Sale Sale 6% Sale 168% 169% 169% Sale 32 31% Sale 26% Sale 24% Sale Sale Sale 24 26% 27% Sale 26% Sale Sale 55% 56 54% 57 85 55% 84% 83% 78% 84% Sale 94 94% 94% ?2% 44 43 43% Sale 75 68% 65% Sale 66 66 60% 62% Sale 63% 65 60% 48 47% 44% 46% Sale 38% Sale 43% 39% Sale" 40% Sale 22 22% 22% Sale 24% Sale 24% Sale 3 IVA Sale 13% ?§* 23 May May May May May May May 13 Sale 31 11** 70 Sale 60 % 58 Sale 63 Sale 9 Sale 7% Sale 7 Sale 7% Sale 7 6 % 6% 8 Sale 8% 7% 8 9% 12% 9% 8% Sale 8 Sale 5% 76% 6% 14% 12% 101% 109% Sale 104% Sale 78 77% 14% 13% 12% 56% Sale 58% 49% Sale 48% 48 49% Sale Sale 55 55% 13 13% Sale 13% Sale 13% 14 13% 12% Sale 107% 103% Sale Sale 77 43 102% 101% 107% 105 81 81% 38 39 21 9% 8% 8% 170 32% 26% 27 28 57% 85% 85 94% 45% 70% May 8 May 29 May 21 May 5 5 May 5 May 5 May 3 May 9 May 10 9 28 14 5 29 5 29 Apr. 10 9 97% Mar. 89 83 95 Jan. Jan. 91% Jan. 50 Jan. Sale 118 \y> RI8/8 99 Jan. 109 95% Jan. 68 66% 32% 30% 17% 6% 5% 5% Jan. May Apr. 25 Apr. 11* Feb. 13 Feb. Mar. Feb. 26 1 2 16 Feb. 11% Feb. 16 10% Feb. 19 10% Feb. 19 170% Apr. 20 22% Jan. 36% Feb. 19 149 20% 20% 20% 53% Jan. Jan. Jan Jan. Jan. 32 Feb. 1 32 Feb. 7 Jan. 32 Feb. Jan. 1 63% Mar. 73% Jan. 9 Mar. 9 7 88 73 Jan. 87% Mar. 83 Jan. 95% Mar. 13 31% Jan. 46% Jan. 46% Mar. 13 70% May 29 12 60 Apr. 11 10 65 May 31 4 48 Apr. 21 4 2 44% Feb. 3 46% Mar. 24 4 42 Apr. 17 Apr. 23 18; 24 Jan. 45% 30% 26% 31% Jan. 27 Jan. 24% May 28 23 10% Jan. 46 9 Mar. 106% Apr. 18 82% Apr. 23 Apr. 23 Jan. May 31 May 3 39% May 1 46% May 25 41 May 2 23 May 15 65 Mar. 12 100% May 11 77 May 7 2 40% Apr. 21 59% Feb. 95 Jan. 2 105 Apr. 24 94 Jan. 104 Apr. 24 15 16 24 7 19 24 11 9 Sale Prices. 99 80% Jan. 88% Jan. May May 18 May 5 May 3 May 9 May 18 May 21 May 3 May May May May May May May May 1. Highest. Snle Prices Prices 94% May 95% May RS^ May 94 May 100% May 47 60% 44% 37% 45% 38% 21% 21 J* 16% 75 Sale Sale 25% Sale 15 Sale 18 15% 20 Sale 18 15 65% 60% 14% Sale 18 31 28 40 78% 75% 33% 36% 38% 43 20 23 91% Sale 74 Jan. Jan. Jan. 18% Jan. Apr. May 2 14 92 Jan. 2 101% May 31 1 109% May 31 103% Jan. 1 104% May 31 100% Jan. 67% Jan. May 24 1 80 10% Jan. 7 15 14% May 55 Apr. May 28 2 60 46% Apr. 50 May 16 23 46% Mar. 31 50x4 May 16 49% Mar. 8 23 57% May 9 Jan. 26 15% May 7% Jan. 11 15% May 7 Jan. 14 15% May 7 Jan. 15 15% May 7% Jan. May 25 15% 7% Jan. 14 15% May 7% Jan. 14 15% May 9% Jan. 16 15% May 10 Jan. 17 May 23 1 8% Jan. 4 15 15% May 8 Jan. 4 23 15* May 7 Jan. May 4 14 27% Jan. 16 10% May 25 81% Jan. 25 92% May 14 31 Apr. 8 25 35% May 91 ----- 64 73% 65 71 94% a76% 77% 23% Sale 34% 11 Sale 48% "93" a93 36 Sale 80 Sale 75% 75 35 30 May May May May May May May May May May 37 May 44% May 25% 29% 25% 21% 21% 21% 77% z73% 31% 35 Sale Qf; 14% 85% 85% 88 90 15% 99% Sale 99% 100 87 Sale 96 Sale Sale Sale 91 Sale 82% 8l" Sale 30% Sale 13% Sale 99% 100 99% Sale 94% Sale 90% Sale Sale 81 Sale 73 60 65 63 66 Sale A O 36% S%a 1940 40 r • H»A 1953 M S J .1948 154% Sale 153% 155% 153% Sale 39 48% 54% 53% 164% 164% 163% 161 z92 % May May 10 May 17 May 17 May 17 May 2 79 May 5 34% May 1 35% 93 % 95% 76% 95% May 75% May 75 May 30% May 9 17 15 31 31 13% May May May May May May 14 15% 8 100 25 100 31 98% 26 92% 29 83% 160 162% May 2 160 164"" 163% May 19 51 "54" 50 75 Sale 80 a95% 99% 8 87 Sale 78% Sale 96 76 Sale 90% O 75% A O 77 92 75% Sale 93 30 Sale 33 1941 D 160 Sale 182 1940 D 168 Sale 180% (Cons Agrlc Loan) 6 H* __ 19, 26% 2! 8 2 3 5 Feb. 2 2 18% Feb. 101 % May 31 109% May 31 104% May 31 7 80% ceb. 19 Feb. 73 Jan. 69 Jan. 69 Jan. 70 Jan. 16 Feb. 19 16 Feb. 16 15% May 4 15% Feb. 17 15% May 3 4 15% May 16 Feb. 15% 18% 15% 15% May 12 16 Feb. Feb. May May 42% Apr. 10 92% May 14 50 Feb. 21% Jan. 18% Jan. 1 35% Feb. 32% Feb. 21 Jan. 35% Feb. 18% Jan. 32% Feb. 15 Jan. 24 Feb. 15% Jan. 24% May 25 15 Jan. 26 Feb. :> " 63% 59% 14% 29% 25% Jan. Jan. 84 Feb. 5 30 Jan. 78% Feb. 17 2 35% May 8 37 May 53% Apr. 18 Jan. Mar. Jan. 35 22 93 Jan. Mar. 27 Feb. 20 95% May 17 62% Jan. 61% Jan. 23 May 10 95 18% Jan. 74% Jan. 78 Feb. 19 84% Apr. 4 41% Jan. 25 Jan. A.. 1958 J 1954 2^-veai D O 54% 77% Sale Sale 44% 69% O 38 Sale ft v%s . op 196S A M N Halt! (Rep of) 6s series A 123 Sale Sale 21 26% 20 ..1968 on Sale 76 41 Sale O 1950 J J 30 Sale 1060 A O 73 Sale 1952 f 7%«. Helsingfors (City) ext 6H*~ A O 1946 Hamburg (State) 6a. A .1945 J , 28 Unmatured coup attached 20 1946 J . 7H* 56% 116 1037 F 1990 7s coupon May 10 52 68% May 28 75 2 z96 % May 97% 99% 98% May 28 100 Sale 1 96 97% May Sale 90 May 24 91% 2 93 95 94% May 94 7 95 93% May Sale ' 31 34% 34 May 25 35% Sale 181% Sale 181% May 31 183% Sale 1 185% Sale al82 180% May Sale 40 MN on. Greek Govt 7s May '33 coup on..1964 7V(«. May 66% May 57 May 56% May 56% May 165 May 164% May 163% May 164% May Sale Sale 54 50 Sale 41 65% Sale 65 43 May 31 May 31 May May May May May May May May May May May 10% Jan. 88 Jan. 90 Jan. 2 86% Jan. 83% Jan. 2 8 71 5 10 63 Jan. 31 36 37% Jan. 12 46 Jan. 9 150 Jan. 9 5 7 2 May 43% Jan. 1 28 151% Jan. 23 1 22 9 8 11 16 10 8 5 11 47 May 73% May 151 19% Feb. 6 101 10 101 Jan. Jan. 151% Jan. 48% Jan. 6 Mar. 15 Mar. 16 98% May 9 95% Fob. 17 87 Feb. 17 77% Mar. 66* May May 57 Apr. 58% Mar. 165 Apr. 165 Feb. 164% Apr. 165 13 31 1 19 9 21 25 6 Apr. 23 60 Feb. 6 Jan. 55 Mar. 8 57% Jan. 76 Apr. 23 38 79 Jan. 86% Jan. 78% Jan. 76 Jan. 77 Jan. 75% Jan. 29% Jan.,, 154% Feb. 160 Feb. 97% 100% 99 Mar. 13 Mar. 9 Mar. 3 93% Mar. 13 95% Apr. 19 8 95 Mar. 48 Feb. 2 183 H May 185 % May 5 11 40% Mar. 27 64% Apr. 17 63% Feb. 87% Feb. 36% Apr. 57% Jan. 71% Feb. 23 88 May 11 65% May 17 Rks ser Only unmatured coupons A May 68 69 68% 97% Sale 99 98% 97% Sale 91% Sale 96 95% 95 92% S (949 53 May 2 May 11 May 2 May 9 May 9 58% 64% 1953 M N Graz (Municipality) No >.• Sale 165 40 A 1965 J May 24 2 62% May 1 55 May 8 54% May 63 Sale Sale 78 1954 A Communal 99 98% 94% 89% 80% 2 May 160"" 163% 162% May 3 162% May 31 162% Sale 65 57% F 195H 35-year 5Ha of 1930 oan 65 S M 1956 1954 a 57% 38 German Republic extl 7s Heidelberg (City) extl 55% .54% J j«>67 B. Aug 1933 coupon 65 Sale 56% German Gov't International— S f 7H* series 40 45 Sale loan 6 Ha A f 37 55 Frankfort (City -*) s f 64a French Republic 20-yi extl 7Hi External s f 7s of 1924 Land M 40 49% 60 ..... • 32 70 External sinking fund 6V*a Extl sinking fund »H« External 30 40 Certificates of deposit Hungarian Vky* Sale 87% 44% Mar 1st Hungarian Mun l Sale 86% 42% MB Finland (Rep of) external 6a.... 1945 M External sinking fund 7s 1950 M Ire.. 80 36 Estonia (Republic) 7«. & Sale Sale May 22 29% May 31 32 May 23 29% May 22 24 May 22 24% May 25 25 May 29 80 May 5 76% May 3 35% May 2 37 May 8 48% May 3 18 1 17 1 2 2 2 14 31 16 8 28 32 May 10 21% May 3 25 O f 7s 30-year extl 5%s 14% fund £ Sale 31% 28% Sale 32% 31% 28% Sale 25 22% 25 22% 22% Sale A Sale 30% 154 Prov 21% 28% 21% 35 78 Sale J 1947 M 6 40-yr external sink fd gold 6» 1962 30-year extl 5%s Nov 1953 M N mun 25% Sale 31 Sale .1940 A 1942 Dutch East Ind 25-yr extl 61 External 6Hi Ser Sale Sale Sale A. B._ Hungary (King of) s f 7(^» Irish Free State external 5s 1961 M N 1961 M N 1944 F A 1960 VS N (Kingdom) external s f 7s. 1951 J For footnotes, see page 19. Sale __ 34% 68 46 Italy Sale 81% Sale Prices 82 Sale 100% 101% 1945 M N 6s Sale Sale Sale Sale Sale Sale Sale 1932 M S . f5)4s 2d series sinking fund Brit 99 Sale 83% 71% 1942 1962 Sept 1 1935 Dresden (City) extl s Grt 94% 94% Sale 89% May 15 93% May 26 93% May 25 RR^ May 29 99 May 29 72% May 31 7 41 May 100 May 28 100 May 10 104 May 31 103 May 28 81 May 9 78% May 15 32% May 3 May 3 May 15 8% May 17 6% May 17 6% May 28 168% May 16 30% May 21 24% May 31 24 May 31 3 26% May 53% May 15 83 May 28 83% May 23 93 May 8 40 May 14 1 65% May Lowest Colombia) Dominican Republics 1st sec 5%« of 1926 El Salvador (Rep) 175,000 27,000 3,000 255,000 576,000 1,000 53,000 28,000 103,000 3,000 113,000 32,000 2,000 34,000 4,000 4,000 23,000 23,000 404,000 Sale Sale 72% 41% 100% 20 O ;...194fc Cordoba (Prov) Argen 7«_ Costa Rica (Republic)— German Sale Ask 92 73 42 102 21 1947 A Deutsche Bank Am part ctfs Si 1,901,000 844,000 Ask. Bid. 96 Sale Highest. Lowest. May 31. May 99% May 107% May Sale 103% May 81 78 May 14 12% May Sale 56 May Sale 47% May Sale 47 May Sale 51% May 14 13% May Sale 12% May Sale 12% May Sale Sale 14 13 12% May Sale 13 12% May 13% Sale 14 14% 12% May 12% Sale Sale 13 12% May Sale 13% Sale 13% May Sale 15 16% Sale May 15 13 14 May 13% Sale Sale 14 al3% Sale 12% May Sale 10 10% 9% 9% May 39% Sale 35% May 93 90"" "93"" 92 May 90% 33 31 33% 31% Sale May 18% Sale - M N Sinking fund 7s of 1927 ..1947 F A Copenhagen external 5s 1952 J D Gold 4%s 1953 M N Cordoba (City) external • f 7s. 1957 F A Externals f 7s.... Nov 15 1937 MN Finnish Bid. 1. (Rep) 6s of 1928..Oct 1961 Oct 1 1933 and subseq coupons on. Oct 1 1934 and subseq coup on Cundlnamarca 19,000 37,000 83,000 90,000 139,000 24,000 11,000 54,000 146,000 46,000 Sale 42 ... External s f 6^8 84,000 33,000 Czechoslovak (Rep of) extl 8s Sink fd 8s ser B.. 20,000 289,000 Denmark 20-yr external gold 6s External g 5U,s 198,000 External g 4^8 393,000 "4",066 Sale 42 7s Nov 1 1932 coupon on 1951 M JN 10,000 7s May 1 1936 coupon on 1951 22,000 1944 MB 8,000 Cuba (Rep of) 5s of 1904 A 5s ext debt Ser A of 1914 194<; F 14,000 4 %8 external loan 1949 F A 24,000 I J 30-year a f 5%g 1953 39,000 D Public Works 5%8__.June 30 1945 1 168,000 40,000 50,000 45,000 14,000 15,000 32,000 110,000 21,000 10,000 Sale 46 - , 23% Sale 83 A J 50,000 O 583,000 30-year gold 5a 1952 M N 259,000 A 1936 F 334,000 J 1954 J 15,000 Carlsbad (cfty) s f 8a A O 16,000 Cauca Vail (Rep of Col)a f g 7%«1946 1950 M S 209,000 Cent Agrlc Bank (Ger) 7s J Farm Loan s f 6s 1960 J 173,000 Farm loan s f 6s 1960 A O 264,000 Farm loan 6s series A 1938 285,000 -.1942 UN 85,000 Chile Republic exts f g 7s External sinking fund g 6s ..I960 A O 385,000 External a f gold 6a Feb 1961 F A 268,000 J Ry ref extl a f g 6a._ Jan 1961 J 381,000 M S Extl s 16a int ctfs ...Sept 1961 168,000 Extl sinking fund 6s 1962 M B 84,000 External sinking fund 6s 1963 M N 300,000 J D 1957 73,000 Chile Mtge Bank of gu s f 6 %• Sinking fund gold 634* guart. 1961 J D 95,000 A ( Guaranteed s f gold 6s. KUIU UB 17U1 1961 92,000 ^ Guaranteed sinking fund 6a.. 1962 M N 142,000 .I960 M 79,000 Chilean Munlc Loan 7s J D 1951 — 27,000 Chinese Hukuang Ry 5s 12,000 Chrlstiania (City) (Oslo)30-yr 6S-1954 M 8 .1050 Ml 15 31,000 Cologne (Germany) a ' 6Ki I Sale 53 % Caldas Dept of (Colombia) 7Hs..l946 Canada (Dom) Gold 4a.. 1960 A a Sale 73 % 73 e J (City) extl 6 %•. f g 6s series C-2 Apr 1960 A f 6s series C-3__Oct 1960 A buenes Ai.e* 22", 666 1962 1955 f g 6a a Sale 31% 1957 M 1958 F .1950 J Brisbane (City) • f 5« 19 Sale 22% 20 % 20% 20% f g *%vof 1926. Extl s f 6%« of 1927 s Bremen ext g Sale 156 8s......1941 J D 1957 A O 1957 A O Cent Ry 30-year g 7s. 1952 J D Braxll (U S of) external Ext 55 Sale' O 1958 J Bogota (City) ext g 8a. Sale D A 1950 External sinking fund 6s.; Sale 67% Sale 66% Sale 34 H 37 O I960 M f 5s Berlin (Germany) s f 6%s Bolivia Ask Sale 1955 J 1955 J Stabilization loan 7s Bergen (Norway) ext May 80 % 89 % f 6s f 7s S RANGE SINCE JAN. PRICES IN MAY. Price Jan. 2 BONDS May. Value. EXCHANGE-BONDS D 30% 28% 28% 33% 114 100 Sale 29% 25 "33% 31 Sale 116 Sale Sale 39 Sale 38% May 88 Sale 84 83% 84 May 65 65 62% May 119% Sale 116 May 116% Sale all6% Sale all4% Sale zll4%May 29 32 30 32 30% May 24 Sale 25 25% 22% May 75 76 75 May o76% Sale 33% 36 33 36% Sale May 27 33 25 31 32% May 94% Sale 94% Sale 93% May 38% 39 39% Sale 38% May 35 35 27 % May 41% 42% 38% 40% 39% May 49 46% 91 Sale 47 May 49 46% 52 50 47 May 38% Sale 37% 39% z38% May 112 115 120 114 May 100 Sale 95 95% Sale May ----- ----- May 2 May 11 65% May 17 120% May 4 zllO %May 1 30% May 24 26 May 17 79 May 18 36% May 31 33 May 8 94% May 40% May 27% May 43% May 50% May 50% May 41 88 40 May 115% May 100% May 62 Mar. 111% Feb. 109 Feb. 22 Jan. 18% Jan. 74% Jan. 124% Jan. 117% Apr. 33% Mar. 3 7 7 31 Mar. 17 81 Apr. 13 33 May 58 Feb. 2 30 Jan. 44 Feb. 1 72% Jan. 28% Jan. 25 Apr. 30% Jan. 33% Jan. 31 Jan. 31% Jan. 110% Jan. 95 May 95 Apr. 5 44% Mar. 13 4 27% May 45 Mar. 10 50% May 4 50% May 4 42% Mar. 10 116 Jan. 15 102 Feb. 6 Sales in May. Value. t. RANGE SINCE JAN. PRICES IN MAY. Price BONDS n. 21 EXCHANGE-BONDS N. Y. STOCK June, 1934.] 1. Jan. 2 stock exchange. Bid foreign gov't (Concluded) $ 47,000 Italian Cred Consortium 7s ser A 1937 May 1934. ■so- Ask 944 904 864 External sec s f 7s series B 1947 22,000 1952 142,000 Italian Public Utility s f g 7s 409,000 Japanese Got extl s f 634*—.——1954 Extl sinking fund 5 4« 1965 231,000 96 93 Sale 86 Sale 734 Sale 354 Sale 1. Ask. Bid. 97 Bid. 98 904 904 934 824 994 984 Sale Sale Sale Lowest. May 31. 96 Ask. Highest. Sale Prices Sale Price. 1004 974 May 31 Sale 96 884 Sale 904 Sale 75 754 May 884 May 894 May 75 May 31 31 11 29 Lowest. Sale Prices. 95 Jan. 99 4 May 98 May Highest. Sales Prices. 100 Apr. 10 Feb. 13 934 Feb. 13 964 Apr. 17 86 Apr. 17 914 Jan. 864 Jan. 924 May 934 May 834 May 86 100 Jan. 734 Jan. Jugoslavia (State Mtge Bank)— P A Low Austria (Prov) sec s f g 74a_1950 J j Unmatured coupons on D 374 Sale 534 60 N 28 81 29 18 414 .... 654 Sale 844 N D 1694 Sale 1694 1674 Sale 1694 11 114 Sale 2 5 74 "J 54 Assenting 4s of 1904..........1954 J Assenting 4s of 1910..... f169,000 82,000 26,000 38,000 23,000 174,000 168,000 75,000 107,000 175,000 162,000 56,000 6,000 42,000 80,000 125,000 74,000 24,000 64,000 15,000 42,000 33,000 35,000 260,000 125,000 48,000 849,000 204,000 23,000 36,000 6,000 203.000 265,000 J 44 Sale 34 44 104 74 54 54 74 Sale 74 Feb. Feb. 149 Feb. 84 Jan. 44 Jan. 2 6 31 19 6 26 20 5 164 Feb. 74 Feb. 26 74 May 10 74 May 1 44 May 15 74 May 1 54 May 31 64 74 74 44 1 2 114 Feb. 16 8 Feb. 14 74 Feb. 15 5 54 54 Sale 44 5 7 May 16 54 May 19 5 May 28 44 May 15 84 Feb. 19 84 Feb. 15 854 Sale a 17 Sale s 174 Sale 334 274 Sale 87 924 Sale Sale Sale Sale 90 O 894 Sale 834 Sale 83 Jan. Jan. May Jan. 10 * * J A Milan City (Italy) -vxt loan 64i_.1952 894 May 1 15 * * May 31 Feb. * 83 May 31 17 Jan. 914 Feb, 14 Mlnas Geraes (State) Brazil.— 1958 1959 Ext sec 6 54s series A F.xt (City) f g 7s s External f g 5s s J m d 1959 m n g 5s...1957 F A f g 6s series A s New South Wales ext s e 1952 External sinking fund 654s Montevideo f Norway 20-year ext s 20-year external s f 6s. Aug 15 1944 30-year external s f 6s Oct 1952 40-year ext External s f June 15 1965 f 5s Mar 15 1963 s Municipal Bank extl s f 5s Municipal Bank ext s f 5s 25 4 86 4 854 90 4 914 894 834 804 794 1958 f 6s. Aug 15 1943 1967 1970 79 39 66 Sale 1958 M N 634 1955 M N 76 Sale 80 Panama (Rep) external 654s 1953 j d Extl s f 5s set A May 15 1963 M N f 6s 1940 '27. Oct 15 1947 Stabllls loan 7s of External s f 8s..... Porto Alegre D 1961 ; s 1950 (City of) 8s .1961 External guar sink /und 754s..1966 Prague (Greater City) 754s. 1952 Prussia (Free State) ext a f 6 54 1951 84 54 64 Sale Sale El" 244 Sale Sale 102 Sale O f a vl s V O Saarbruecken (City) s f6s 1953 Mar 1952 12,000 Sao Paulo (City) s f 8s.. Ext Isec s f g 64s May 15 1957 66,000 47,000 San Paulo (State) ext s f 8s_....193( External s f 8s 195C 71,000 Ext 7a water loan.. 195» 72,000 External s f 6s... 1968 111,000 Sec s f g 7s 1940 305,000 1947 123,000 Sante Fe Prov (Arg Rep) extl 7s 230,000 Saxon Pub Works (Germany) 7s. 194.* Gen ref guar serial gold 654s..195) 113,000 .... i u VI N i d V O Sale 944 Sale 50 194 Sale 13 Sale 144 404 164 104 864 184 174 96 38 Sale Sale 20 184 100 394 374 Sale 1044 Sale 1024 Sale Sale 214 Sale 58 234 Sale 19 Sale 18 194 84 184 Sale 194 Sale 184 Sale 194 184 20 Sale 20 Sale Sale vi n 904 Sale f I A J ViN Sale 64 264 VI N 17 I J 18 I J VI S 15 13 I J a o Vi S F A If n 70 134 644 184 194 184 Sale 144 Sale 67 Sale Silesia (Prov) extl sink fund 7s..1958 J F D Sale 49 50 604 604 614 654 22 Sale 26 134 18 18 Sale Sale 604 534 MN 151 Sale 1955 F 1971 J 1952 External s f 54s guar ...1961 170,000 Folima (Dept of) external 7s 1947 16,000 12,000 Trondhjem (City) 1st ext g 5 4s..1957 9,000 Upper Austria (Prov) extl s f 7s_.1945 Only unmatured coups attached A J M S A O M N 524 55 1094 Sale 105 Sale Sale 194 184 Sale 304 91 904 99 Sale 99 994 Sale 994 100 984 93 Sale 92 894 904 904 324 724 694 Sale 894 92 Sale 80 22 Sale 254 204 30 79 Sale 35 37 60 Sale 484 59 66 Sale 59 25 25 21 174 144 234 154 224 164 18 15 174 234 234 154 17 13 4 674 674 Sale 664 58 54 534 554 168 1714 1684 170 874 Sale 824 Sale \lH 1054 al014Sale 88 Sale 914 Sale 674 Sale 70 67 69 68 Sale 14 114 Sale 854 80 82 85 Sale May Nov 1934 coupon on 1 1964 MN ... Venetian Prov Mtg Bank 7s.....1957 AO Vienna (City) external 6s 1952 MN 484 A D 94 914 904 904 354 May May May May May May May May May May May May May May May May May May 93 23 103 9 39 18 12 15 14 7 23 1 1 2 17 29 4 10 8 22 7 17 15 17 14 22 14 17 29 31 11 31 40 4 18 14 5 8 18 14 2 2 23 23 9 11 10 19 15 28 1 144 IF 11 79 1184 89 4 194 184 97 40 1044 103 694 lo" ,|ft 19 19 204 204 914 119 28 81 25 234 314 25 23 20 794 40 4 644 504 694 67 264 194 144 244 164 May May May May May May May May May May May May May May May May May May May 22 15 1 4 4 24 4 4 4 15 14 10 28 5 29 17 21 1 May May 674 May 67 May 68 May 114 May 814 May 84 4 May 26 106 31 914 14 694 9 70 9 70 114 9 17 834 2 86 744 38 45 764 384 Sale 374 354 36 294 334 364 324 37 40 32 364 33 33 Sale 294 28 109 554 344 32 110 60 Sale 324 324 "37" 104 89 514 664 544 Sale 344 33 35 103 105 Sale 90 654 Sale 73 Sale 754 Sale 64 4 664 714 724 Sale 74 May 384 May 33 May 324 May 304 May 34 May 30 May 97 May 88 May 74 May 65 May 714 May 3 31 Feb. 85 Jan. 96 Mar. In 854 914 904 894 834 804 834 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 81 1 234 Feb. May 18 101 Apr. 19 1 954 Feb. 92 Apr. 9 91 Apr. 13 Mar. 1,9 91 554 Feb. 2 Apr. 1.3 Jan. Jan. 624 Jan. W 764 Jan. 93 98 Jan. 44 Jan. Jan. Jan. 88 Jan. Mar. Jan. 164 May 83 Mar. 22 184 Feb. 19 17 Apr. 13 144 Feb. 16 144 Feb. 17 79 May 15 1184 May 14 894 May 10 3 244 Jan. 24 4 Jan. 3 100 Apr. 24 2 584 Feb. 57 4 Feb. 2 1064 Apr. 18 Jan. SI" Mar. 21 44 Jan. M Apr. 12 Apr. 6 1034 Apr. 26 294 Jan. 294 Jan. 59 Mar. 21 100 31 4 May 65 7 954 Mar. 9 1014 Apr. 18 Jan. 374 May 364 May 102 Jan. 94 4 Jan. 50 Jan. 20 694 May 4 Jan. 26 5 3 2 21 24 3 4 15 5 103 184 May May 16 4 May 17 May 47 4 May 174 Jan. UH 112 Mar. 15 Feb. 20 May 21 184 May 17 24 Feb. 7 24 Feb. '2 244 Feb. 7 224 Feb. 17 1 Jah. 22 Feb. May 92 Feb. 5 Jan. 134 J an. 25 234 Apr. 40 Feb. 3 664 Jan. 234 Feb. 174 Jan. 81 May 28 30 Jan. 15 24 Feb. 3 18 33 Feb. 1 25 24 Apr. 19 Apr. 16 Jan. 28 3 22 Mar. 13 Jan. 864 Mar. 29 May 18 Jan. 134 Jan. 134 May 31 18 15 2 29 29 17 1 15 2 1 May 11 May 3 May 9 May 28 171 May 15 874 May 31 88 Feb. 36 4 16 21 17 55 zl02 24 174 May 274 Jan. 264 Jan. ' 7 71 May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May 11 5 18 16 4 4 11 5 9 5 4 11 12 3 4 184 Jan. 554 Jan. W467 46 Jan. 574 Apr. 71 Feb. 70 Mar. 5 Mar. 16 Mar. 26 574 UH 11" if" Mar. 1 7 20 Jan. 28 Jan. 22 Mar. 15 Apr. 10 254 Feb. 19 20 Feb. 20 Jan. Jan. Jan. 52 « Jan. 50 150 55 Feb. 604 Mar. 17 Mar. 17 71 May 11 Jan. 69 Jan. Jan. 171 25 May 9 874 May 31 Jan. May May May May May May 24 May 5 May 3 1094 Jan. 93 2 Mar. Apr. J9 f3 2 734 Jan. 734 Apr. 12 17 Feb. 17 Feb. 86 5 754 May 10 75 May 3 Apr. 20 May 10 39 May 3 May 31 May 21 46 Feb. 404 Feb. 1 42 Feb. May May May May May May May May 40 Feb. £ £ 42 76 424 35 Unmatured coupons attached Warsaw (City) external 7s.._....1958 F Yokohama (City) extl s f 6s...,..1961 I 101 100 May May May May May May May May May May May May May May May May May 69 28 Nov 1934 coupon on 174 774 30 Sale Sale 834 1960 M N 134 Sale 69 Aug 1 1934 coupon on f 6s 20 614 484 684 694 674 114 82 24 22 314 234 Sale Sale 78 29 214 21 184 184 Sale 304 934 93 4 1004 314 714 694 z914 May 20 73 Sale 90 May May May May May May May May May May May May May May 1034 1034 1024 May 354 364 36 May 36 Sale 334 May 124 134 124 May 14 Sale 14 May 94 Sale 94 May 94 Sale 94 May 75 754 Sale May 114 Sale 1034 May 85 874 Sale May 18 184 194 May 174 164 May 194 92 100 954 May 39 Sale 374 May 374 Sale 364 May 1044 105 1024 May 100 Sale 100 May 544 Sale 514 May 204 Sale 194 May 20 184 May 204 184 May 154 174 164 May 17 184 Sale May 18 19 174 May 19 21 194 May 16 194 184 May 83 834 Sale May all64Sale zll64May 234 Sale 234 May 69 62 99 90 Sale Sale Sale Sale 904 15 294 Sale Sale 94 19 36 Sale Sale 624 Sale 174 May 174 May 34 92 614 674 d 18 IF 9l" 80 J 64* 6s 194 134 234 164 134 664 544 1694 804 M N June 16 1957 j d ~~6~, 000 F A 3,000 Uruguay (Rep) external s f 8s...1946 f 21 Sale Sale Sale ...1954 U N 20 Sale Sweden (Kingdom of) Extl g 5 4s 173,000 104,000 Sydney (City) s f g 54s Taiwan Elec Pow 54s 87,000 8,000 Tokyo City loan of 1912 5s 80 764 244 254 234 Sale 304 Sale 22 254 21 244 594 584 50 A Sale 56 46 A F 1184 a27" 784 Sale 294 304 604 Sale 124 1947 20,000 Sllesian Landowners Assn 6s 11,000 Solssons(City)ext 15-yr g 6sNov 14 '36 1946 24,000 Styrla (Prov) extl sec s f 7s 19 Sale ... f Sale 394 394 Sale All unmatured coupons on Nov 1 1935 coupon on s Sale a 1945 i D 46,000 Saxon State Mtge Inst 7s J D SF g 6 48 Decl94< 20,000 M N 60,000 Serbs Croats 8r Slovenes extl 8s. 1962 All unmatured coupons on 28,000 Nov 1 1935 coupons on 1962 1,000 Ext sec 7s ser B 1962 Vi N 80,000 Extl 72 92 O .. » 68 I ...... Ext "92" f ... ... a 90 coupon on .. External 994 Sale 984 Sale 994 Sale 93 4 Sale 914 Sale 10 43 195* 934 10 94 764 Sale 444 1941 A 31 Sale Sale 83 s 93 Sale m O 194" 94 Sale m N 1952 A S f gold 6s 9 594 884 674 214 204 :_1960 J National loan ext s f 6s National loan ext Poland (Rep of) g 6s 924 1034 Sale Stamped (assented)... Pernambuco (State) ext sec 7s..1947 M a Peru (Rep) Sec s f g 7s ..1959 M S 26 4 194 364 324 334 714 Sale 34 External deb 5 54s 15 90 1952 Oslo (City) 30 year s f 6s 174- Sale 35 84 ...1953 Nuremberg (City) external 6s Oriental Development 6s 7,000 Ext s f g 68 196 49,000 Ext s f 7s of 1926 196* 112,000 Extl s f 7s munlc loan 196' 45,000 81,000 Rlode Janeiro (City) 25-yr sf 8s .194* External »«c s 1 g 654s !953 195,000 Rome (City) external s f 654s 1952 148,000 Rotterdam (City) ext s f 6s 1964 38,000 Roumania (Monopolies) 7s......1959 177,000 20,000 21,000 171,000 1,000 49,000 36,000 114,000 19,000 171,000 54,000 Jan, 149 * May 1934 53",666 5 5 2 424 May 27 Apr. 654 May Apr. 63 Apr. 170 Apr. 1704 Apr. 74 May 17 Small 44.000 Rio Grande do Sul (State) ext 8s. 194t Apr 32 Oct 33 Oct 34 coup on.. 8,000 43,000 May May May . Assenting 4s of 1910 small Treas 6s of 1913 assent (large) 1933 J 37,000 Oueensland (State of) ext a f 7s.. 25-year extl s f Ss Feb 15 47,000 320,000 Rhine-Main-Danube deb 7s ser A 37,000 60 1684 May 16 170 1674 May 1 170 114 104 May 21 12 Assenting 4s of 1910 large........ * Feb. Mar. 374 Jan. 5 May 28 44 May 15 7 17,000 * 32 23 25 Assenting 5s of 1899.. 1945 Assenting 5s large............ Assenting 5s small 21",606 37,000 414 May 12 e424 May 2 24 May 26 244 May 24 May 2 654 May 31 z61 50 1544 1564 1544 1564 94 Sale Mexican Irrlg Assenting s f 4 54s. 1943 Mexico (U S) external 5s of 1899£ 1945 Q 15,000 424 a604 Sale d 1934 M 33,000 Lyons (City of) 15-year 6s (City) 15-year 6s..—1934 M 33,000 Marseille 1954 J 48,000 Medellln (Colombia) 64* 52",006 42 18 Secured s f g 7s 1957 30,000 With all unmatured coupons on. 9,000 145,000 Leipzig (City) external s I g 7s.. 1947 If" IF 334 1044 904 76 68 744 22 4 18 8 0 7 10 10 Feb. 0 40 Feb. 5 109 Jan. 4 904 May 7 76 Apr. 20 Mar. 4 7 77 Apr. 12 Apr. 18 104 12 100 Jan. 13 734 Jan. 26 May 18 May 31 May 26 Apr. 26 Mar." 2 Apr. 24 RAILROAD 1943 15,000 Ala Gt Sou 1st cons 5s ser A First cons 4s series B ...1943 83,000 1946 111,000 Albany & Susq 1st guar 34s. Alleg Valley gen gu 4s 2,000 tAnn Arbor 1st g 4s 1,017,000 Atch Top & S F gen g4s 11,000 253,000 21,000 31,000 4,000 294,000 126,000 74,000 88,000 ..1942 M July 1995 Q A 83 93 D 1998 A Allegh & West 1st g gu 4s 8i",666 D A 784 82 o 86 89 O 644 8 J O 1995 Jnly 1 1995 Nov .July 1 1998 M N Adjustment g 4s Stamped Conv g 4s of 1909 1955 J Conv g 4s of 1905......1955 J D ...1960 J D Conv g 4s of 1910 Conv deb gold 44s ........ Rocky Mt dlv 1st 4s A. 1948 D 1965 J Trans-Cont Short Line 1st 4s gl958 J D J J I Cal-Ariz 1st Ac ref 44s ser A ...1962 M 8 J D Atl Knox 8t No 1st g 5s For footnotes, see page 19. 1946[ 96 27 944 84 784 Sale 314 Sale 86 854 Sale 804 804 784 954 Sale ..... 954 944 85 82 954 994 1034 1064 Sale 96 68 1024 52 1014 954 944 Sale Sale Sale 96 904 Sale Sale 59 Sale Sale Sale Sale Sale Sale Sale Sale 95 Sale Sale 94 95 Sale Sale 97 Sale 100 103 104 Sale Sale 1034 1034 Sale 1034 May 11 104 May 18 974 May 12 100 May 31 96 May 11 994 May 26 1014 May 51 May 100 May 944 May 93 May 944 May 944 May 94 May 1024 May 97 May 1024 May 1024 May 10 1034 31- 51 8 1024 17. 954 10 954 14 944 31 z954 7 94 10 1044 1 100 26 104 4 105 May May May May May May May May May May May May 28 31 31 31 3 25 111 7j 28 21 28 23 94 96 85 96 29 93 84 83 Jan. Jan. Jan. 4 Jan. 4 Jan. 8 Jan. 9 824 Jan. 19 99 2 103 6C 954 Jan. 2 10 3 10 3 10 95 Apr. Apr. Apr. Apr. Apr. Apr. Apr. May May Jan. 3 10 Mar, 994 Jan. 3 10 Mar 80 9 Jan. 784 Jan. 954 Jan. 82 „ Jan. 12 23 11 14 24 19 6 21 28 & N. Y. STOCK 22 Sales in Value. 1934. EXCHANGE. Y.STOCK N. 1. May Atl & Char Air Line let 10134 102 10434 109 4«i A—1M4 let 30-year Saeer B 23,000 -J'Jf 1951 2,000 Atlantic City 1st con guar 4 4s -July 1952 452,000 Atl Coast L 1st cona 4s. General unified series A—1954 358,000 LAN collat gold 4s Oct.. 1952 195,000 35,000 Atlantic A Danville 1st 4 4s —..1M8 Second 4s .f1948 27,000 J J M S 9734 9034 8234 - J D MN 50 J J 96 90 9734 8634 84 Sale 78 4634 45 A 62 Sale 9134 9934 Sale Sale 82 Sale . 10634 93 34 9734 N 97 J 8634 8134 6834 8134 106 34 9434 6334 10034 J S A ... 79,000 12.000 1936 Second guar gold 5s... J. 1936 Beech Creek Exten 1st 4 3H«— .1951 Belvldere Del cons gtd 4 IMs 1943 Big Sandy Ry 1st guar 4s 1944 Boston At Maine 1st 5s A C_._ 1967 1st mortgage 5s series II.. 1955 1st g 4%a series JJ 1961 S 86 Beech Creek 1st 4u 4s 267,000 127,000 119,000 65,000 Boston At N Y Air Line 1st gu 4a_1955 *. 15,000 Brunsw At Western 1st gu 4 4s. - -1938 1937 63,000 Buff Roch At Pitta gen 6s Consol 4^s 1957 214,000 * t Burl Ced Rap At Nor 1st 5s.. 1934 100 A 81 J Sale Sale M S 73 M N 74 A O 6434 F A 51 Sale 85 8834 9834 Sale J M S MN A 70 9554 3534 Sale 5s..1962 A O Sale S J Sale D Sale J Sale O 105 Sale A 105 10634 June 15 1955 D 102 Sale .1956 1951 A M S 10034 Sale 10134 Sale 1940 J D 105 25-year deb a f guar IHs 1946 110,000 10-year gold 4H< Feb. 15 1935 47,000 902,000 Canadian Pac 4% dab stock... Collateral trust gold 4yi$ 1946 279,000 5s equip trust ctfs 1944 105,000 Collateral trust g 5s........-.1954 468,000 Collateral trust 4 1960 361,000 jCaro Cent 1st cona g 4s 1949 J J Guar gold 129,000 260.000 Guar g 434«~— Guar g 434a 4Hi 207,000 Canadian No deb 8i"666 65.000 s — f 7s 1st At con 1,000 152,000 ' 4,000 48,000 80,000 734,000 6,000 402,000 1,000 303,000 196,000 170,000 295,000 10,000 3,000 21,000 1,000 ? 173",000 75 9934 Sale 7834 Sale 7134 Sale J D J 27 40 96 Sale 96 Sale Mobile Dlv 1st g 5s -1946 Cent N E 1st guar 4a Cen RR At Bkg of Ga col tr g 1961 1937 1987 5s Central of N J gen g 5s General 4s F M A A J J J J J M J General gold 4H* Ref At Imp 434a ser A Ref At lmpt 4Hs series A N O O D R At A Dlv 1st con con gold 4s g 4s ... 10,000 ChlcL S At East 1st 434* ser 6634 60 ~95" 9534 78 10634 Sale Sale 99 Sale 9134 Sale Sale 1989 1989 .1941 1949 165" 88 Sale 8 Sale 81 18 Sale 3434 98 9934 *5234 Sale Sale 75 6734 M 27 36 81 Sale 65 75 Sale 9834 10434 Sale 98 Sale 9934 Sale 10434 Sale 9234 Sale 102 Sale 104 F 103 Sale Sale 10134 10734 Sale P Sale 108 Sale 80 Sale 11 Sale A F A A O M N 8934 8834 81 50 10 M JS 90 M S 38 9334 Sale" \ly< Sale Sale 1434 18 10534 106 Sale 53 Sale Sale 15 105 "34 107 4834 Sale J 35 42 3234 35 J J 41 36 41 30 35 J J 35 Sale 36 40 28 21 15 35 Sale J J 1956 1969 A 1989 May 1989 May 1989 D J J J 13 IV* 88 68 General 4>4s stamped Sale 99 80 6034 Sale i* ?!* 3934 1434 4234 if* *6834 Sale Sale Sale Sale 52 34 Sale 16 1534 2034 Sale 1654 93 9154 9234 9334 10434 10534 10434 Sale 73 6434 Sale 65 6834 6134 75 7734 "70" Sale 70 Sale 7634 Sale 7834 8334 7534 Sale 4234 Sale 5034 Sale 1334 Sale 1634 Sale 6334 Sale 6834 Sale 78 7434 7234 78 62 *6434 69 Sale 10534 10434 10834 10734 11334 11454 1(114 _ , lllll 10934 10934 10934 11834 103 83 9634 107 10034 9234 "6034 80 348.000 secured 75 84 w- 60 18 At ref 4 34> stamped.May_. 2037 383,000 1st At ref 4 34 s ser C May 2037 293,000 Conv 434s series A.... -.1949 1,671,000 J Chic R I At Pacific gen g 4s.....1988 214,000 Certificates of deposit.. 2,000 1st May May May May May 5 22 10 28 14 1 3434 May 80 May 1 6834 May 28 9834 May 10334 May 101 May 10034 May 10634 May 76 May 14 May 1334 May 106 May 44 May 35 May 36 May 36 May 15 May 16 May 9154 May 104 34 May 6434 May 65 May 70 May 6954 May 75 May 4034 May 1234 May 63 May 70 May 7034 May 76 May 8134 May Sale Sale Sale Sale Sale 4734 4134 4134 3634 Sale 64 66 73 80 95 Sale Sale 62 Sale Sale 42 Sale 57 D 41 Sale 5634 Sale MN 31 Sale 47 Sale J 54 Sale 7234 Sale 8034 64 J D J J 7634 44 Refunding gold 4s Certificates of deposit.... ... Sale 73 ' May May May May May May May May May May May May May May May May May May 28 28 31 23 29 31 25 29 31 28 31 29 4 31 4 17 7 7 62 May 12 3534 May 1 2134 May 5 22 May 51 3534 May 4 3434 May 8334 May 70 May 10734 May 9534 May 9534 May 9234 May 8534 May 1043s May 10934 May 110 May 10334 May 10334 May 105 May 10034 May 10254 May 98 May 6734 May 105 104 103 10834 81 18 1434 108 54 42 37 36 1934 2034 93 W7§% m u* 77 5234 1734 69 76 7134 80 2534 Sale 24 Sale 23 Sale 27 Sale 28 Sale Sale 24 Sale' 2434 1434 2534 2334 12 Sale 193 93 May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May Gold 5s June 15 1951 83 Gold 334s June 15 1951 1991 49 Memphis Dlv 4s "6~, 000 84,000 Chic T H At S'eaat lot At ref 5s 87,000 61 87 105 Sale 9234 64* 82 7534 5834 I960 54 58 Income guar 5a Dec 1 1940 42 46 For footnotes see page 85 Sale Sale 12 20 Apr. 10 92 Apr. 2 10134 May 6 86 Apr. 12 17 31 12 31 12 28 16 18 9 5 108 May 6 9734 Apr. 99 2 4 8 6 101 75 Jan. 3 60 Jan. 9 90 Jan. Jan. 24 Mar. 29 A7* 63 2 Jan. Jan. Jan. 5 6 18 May 100>4 Apr. 88 Apr. 8534 Apr. 20 72 54 Apr. 12 85 Apr. 21 107 May 16 95 Apr. 25 65 May 2 10134 May 19 9 9934 Apr. 83 9634 Feb. 26 10234 73 Jan. 2 9034 2 90 7334 Jan. Jan. 68 3 8434 51 Jan. 2 73 34 8834 Jan. 10 100 54 97 Jan. 4 10434 60 Jan. Jan. 92 Jan. 9854 Jan. 9834 Feb. 9934 Feb. 105 Jan. 10434 Jan. 105 Mar. 29 5 May Apr. Apr. Apr. 29 12 11 13 Feb. 21 May 25 May 25 80 54 Apr. 17 * 12 40 Apr. 11 9 106 Apr. 13 2 104 34 Mar. 17 2 10854 May 31 2 107 54 May 23 19 113 54 May 29 18 11454 May 31 Jan. 22 114 May 25 10234 Jan. 19 11154 May 29 100 Feb. 3 10934 May 31 10034 Feb. 105 Jan. 10854 Jan. 10034 Jan. 2 109 34 May 28 2 10934 May 31 3 11854 May 29 26 103 Apr. 2 4 83 May 31 61 Jan. 7454 9934 7734 7134 3234 9554 9034 2 Jan. 2 Jan. 4 Jan. 4 Jan. 1 Mar. 3 Jan. Jan. 15 96 34 Apr. 107 17 May 17 70 Jan. 28 Jan. 7 Apr. 20 3734 Mar. 16 105 54 May 24 107 Apr. 21 16 84 Apr. 11 15 55 May 18 41 Jan. 11 65 22 Jan. 5 38 1234 Jan. 1254 Jan. 5 26 5 10034 May 93 Apr. 16 Apr. 23 Apr. 20 Apr. 20 Jan. 12 26 37 Jan. 15 2134 Jan. 1 28 Jan. 15 35 5 29 26 19 31 65 Jan. 3 53 Jan. 95 Jan. Jan. 8 7234 Apr. 11 8 10734 May 26 4 1 11 1 26 23 29 12 29 31 23 1 10334 10534 104 8034 80 8134 8434 66 6534 67 52 Sale 5034 78 7534 Jan. 7334 Jan. 6334 Jan. 103 10 29 88 97 Jan. Jan. 92 Jan. 88 Jan. 96 Jan. 53 Jan. 1 14 7 2 10 Jan. 954 Jan. 91 Jan. Mar. 14 5 19 99 Mar. 7 9934 Jan. 17 7034 Apr. 14 9954 Apr. 12 May 29 May 31 12 103 May 23 9 10834 May 29 4 .8134 Feb. 23 4 2534 Feb. 15 5 105 104 10 21 Feb. 16 6 1 9 33 Jan. 26 Jan. 13 36 8 4 May 10 5 1254 Jan. t!H Feb. Feb. 27 21 Mar. 16 2334 2554 Mar. 15 93 34 Apr. 17 2 10534 May 11 2 6034 Jan. Apr. 16 53 Jan. 8 Apr. 20 64 Jan. 3 Apr. 13 2 6334 Jan. Apr. 14 65 Jan. 2 84 Apr. 13 4 3734 Jan. 56 34 Apr. 11 5 1234 May 14 23 54 Feb. 52 Jan. 5 70 Apr. 23 4 5734 Jan. 77 Apr. 20 58 Jan. 78 Apr. 30 6334 Jan. 8254 Apr. 16 68 Jan. 8754 Apr. 14 Jan. 15 6034 Jan. 62 13 Jan. 71 Jan. 99 Feb. 3 12 WA |0K 17 2 1 2 9 18 2 3 79 39 83 9534 May 19 9534 May 31 93 Apr. 16 87 Apr. 14 10434 May 11 11034 Apr. 19 110 May 26 10334 May 23 103 34 May 29 105 May 12 100 54 May 29 10254 May 31 8 4334 Jan. 2534 2734 2434 1434 5 lO 95 14 14 17 14 17 Mar. 13 83 54 May 10834 Apr. 24 57 Apr. 12 16 47 34 Feb. 21 3534 Jan. 57 May 14 106 /... 6 4 8 Feb. 3 Jan. Jan. 11 5 Jan. Jan. 26 5 Feb. Jan. 24 5 Jan. 99 4 Apr. 5154 Jan. 15 31 23 29 2 May May May 5634 May 4834 May 7254 May 73 May May 12 May 25 May 19 Jan. 11 10534 9854 8854 8834 9734 9034 9734 8734 Jan. 98 65 Feb. May May May 17 May 1 20 Jan. May 83 * 9 May 10 77 May 4 5834 May 1 $ 29 Jan. Jan. 21 5 Apr. Feb. 10 1854 Feb. 19 854 Jan. 6334 Jan. 5534 Jan. 4434 Jan. Feb. IV* 28 2034 Jan. 22 Mar. 15 6634 Apr. 12 6034 Apr. 12 61 Apr. 12 53 34 Apr. 18 7334 Apr. 24 73 Apr. 28 Jan. 3854 Jan. 2934 Jan. 5154 Jan. * 2234 May 24 May 2434 May 1134 May 19. 57 23 Fob. 18 Chic S L At N O— 100,000 67 63 14 14 14 14 12 31 1 * 21 Sec. gold 434s series A .....1952 MS Certificates of deposit.. Convertible gold 434s 1960 MN 86 * * 1934 A O 66 Feb. 20 16 33 75 8934 5734 5034 5134 4134 *34*—Mar i 1936 M 8 May 2037 J D 85 85 47 * 1987 MN 1st At ref g 5s ■88 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 9834 Apr. 19 92 Apr. 25 5334 Apr. 2 18 7934 Feb. May 7 10534 May 24 1 10534 May 28 10634 May 83 May 2 82 May 11 55 51 May 18 May 10 Sale 8634 6 Jan. Jan. 46 105 5 10734 10534 May 97 94 95 9534 9434 May 14 93 94 Sale May 14 9534 Sale 92 95 May 7 9134 85 34 Sale 7934 May 14 "8134" Sale 10434 May 11 104 10434 1 10934 Sale" 10834 May 10934 Sale 10934 Sale 10634 May 10 10834 Sale 108 34 9 10134 May 102 Sale 10034 May 15 10534 10134 Sale 105 May 12 10434 10234 104 100 100 34 100 May 17 9834 May 5 10034 10134 10234 Sale 101 98 May 23 9934 162" """ 1033s 6034 May 25 6134 Sale 6734 Sale 8 873 8 Jan. * 107 106 8, 35 25 80 Jan. May 37 ----- "3434 Sale" Jan. Jan. Jan. 34 30 J J 1987 MN 15-year • Sale 25 9234 Gen 5s stpd non pay lnc tax 130~66O '37,000 .106,000 6,000 .234,000 10534 Sale 9934 Sale 9234 Sale 41 3934 10434 10534 10534 10534 10634 Sale 83 81 7934 35 75 2 10534 Apr. 19 26 90 May 3 92 * 10134 May 10334 May Sale 108 10534 May 105 Sale May 107 11034 May 11334 Sale 11134 May 11434 Sale 11434 11534 11154 May 1095s May 11154 Sale 10734 May 10934 Sale May 10834 10934 107 10834 May 10934 Sale 11634 May 11834 Sale 10234 May 10234 Sale Sale 83 8034 May 9334 May 9634 Sale 105 May 10634 107 9834 May 9934 Sale 8934 May 9234 Sale Sale Sale Sale 2834 82 34 O - 64 , * Sale 95 Jan. 39 May 29 May 1 May 1 May 2 72 May 1 10034 May 25 10434 May 25 7634 May 1 10534 Sale 10434 Sale 5634 2834 1434 1634 6134 N J 79,000 Sale 10734 Sale 10734 Sale 10834 Sale 11634 Sale 10234 103 8134 Sale 8 10 102 88 74 68 31 2 31 2 28 10 12 2 1 2 16 7 2 19 Sale Prices 8634 Jan. 82 35 70 Sale 22 23 28 Gen gold 4 3*a series E..Mar 1 1989 180,000 J Gen 434 series F 1989 13,000 A Chic Mil St P At Pac mtge 5s ser A.1975 S,087,0Q0 Conv adj 5s Jan I 2000 A O 1,560,000 1987 MN 123,000 Chic & No West gen 334a.... General 4s 1987 MN •53,000 Stpd non payt Fed lnc tax 1987 MN 8,000 Stpd gen 434s non-pay lnc tax.1987 MN 72,000 . 10134 Sale 10334 Sale 1053s Sale 10534 Sale 11034 Sale 11134 Sale 11134 Sale I Sale Prices 8 19 3 10234 8734 8854 8334 10034 May 8334 May 85 May 7834 May 68 May 10034 May 10354 May 70 May * 50 23 1947 1st At general 5s series A..... 1966 M N J 1st At gen 6s series B May 1966 J 278,000 Chic Mil At St P gen g 4s Gen g 334a series B 10.000 Gen 434s series C 191,000 * 5934 3534 2134 2134 Si* 93 23,000 10,000 Chic Indiana At Sou 50-yr 4s . 7834 Sale 6834 Sale 10034 10434 105 7034 Sale 45 24 .... •27.000 Sale Sale 3534 2134 1334 1334 1534 7734 Sale 74 7134 Refunding 4s series C....... Sale Sale 85 85 72 102 May 10534 May 90 May 9834 May 90 34 May 8334 May 50 May 45 May 62 May 92 May 10134 May 8334 May 108 May 9434 May 99 May 99 May 8634 May 8234 May 6834 May 82 May 107 May 95 May 65 May 10134 May ----- 53 ..... 4,000 Sale 21 3 3 2 12 23 28 12 12 28 1 14 8 14 7 1 31 14 12 14 3 14 14 1 1. Highest. 83 ----- 44 64 1 84 Sale 1946 Warm Springs Valley 1st g 5s Chic At Alt RR ref g 3s 9834 52 !§* Potts Creek Br 1st 4s... 99 2634 1995 1940 May Craig Valley 1st g 5s 8934 92 83 3334 1936 J 1939 M N 1992 M 1993 B 108 24 1960 F Through St L 1st gu g 4a Guar 5s 90 101 76 10134 May 104 May 90 May 96 97 May Sale 85 May Sale 78 Sale May Sale 4534 May 40 Sale May 62 6034 May Sale 8934 May Sale 9934 May 76 Sale May Sale 10534 May 89 May Sale Sale 9734 May 97 May Sale Sale 8434 May 75 Sale May 61 Sale May 75 Sale May 106 May 9334 May Sale 63 May 66 10134 z 100 34 May Sale 102 9834 10334 104 7634 Sale Highest. Sale Prices. ---- 70 1949 F 1954 A Charles At Savannah 1st g 7s Chea At Ohio 1st cona g 5a 5934 Sale 1093 s Lowest. Ask 6034 1987 J Cent Pac 1st ref gu g 4s 1949 297,000 Chic Burl At Q 111 Dlv 334> Illinois Division 4s 1949 170,000 General 4s. 1958 376,000 1st At ref 434* series B 1977 170,000 1st At ref 5s series A.. 1971 206,000 ..1934 8,000 JChic At E 111 1st cons g 6s 309,000 tChlc At E 111 Ry (new co) gen 5s. 1951 Certificates of deposit 3,000 1982 158,000 Chic At Erie 1st gold 5s..... ChicGt Western lat5Q-yr4s_. 1959 .435,000 9,000 tthlc Indianap At Loulav ref g 4a 1947 Refunding gold 5s 1947 6,000 • Sale M J J Nov. 1945 1945 Ref At gen 5Hs series B —1959 Ref At gen 5s series C 1959 Chat Dlv pur money g 4s..... 1951 Macon At Nor Dlv 1st g 5s—-—1946 Middle Ga At Atl Dlv pur m 5s. .1947 2d J 1938 J 15,000 iCent of Ga Ry 1st g 5s Consol gold 5s 15,000 < 110 10234 10234 6134 Sale F g 6a series A.Dec 5,000 Carthage At Adlr 1st gu g 57,000 Cent Br Un Pac 1st g 4s 17,000 f 31,000 '< 6,000 109 Sale 15 1952 J 4a 1981 J 1948 Caro Clinch At Ohio 1st 5a 87 40 75 8334 64 Sale 75 Sale 10634 Sale 9434 Sale 62 65 Sale 101 9834 8134 10034 8734 35 73,000 Canadian Nat guar 4Hs.Sept 15 1954 M Guar gold 4H» ..... ...1957 J 176,000 Guar gold 4His 1968 J 122,000 Guaranteed gold 5s July 19691J 178,000 Guaranteed g 5s__ Oct 1969|A 312,000 Guaranteed g 5s_. —1970 F 94,000 114,000 Sale ~ _ 48 * O Certificates of deposit 66,000 Canada Sou con gu At col tr Sale Sale Sale Q9 J 90 Sale Sale J 8,000 Atlantic & Yadkin 1st 4u 4 4s;-1949 -J941 J 32,000 Austin & NW 1st 4 »• 4uar July 1948 A 754,000 Bait «c Ohio 1st a 4a Refund 6c 4en fts ser A_. 1995 J 656,000 1st 4old 5s July 1948 A 251,000 Ref and 4en 6s, series C.*/ 1995 J 233,000 PLEAW VaSysref44s 1941 M 241,000 SoutbwDIv lst3Hs at 5% 1950 J 378,000 TolCln Dlv 1st Ac ref 4s.. 1959 J 65,000 Refundln4 6s series D. 2000 M 390,000 Conv 4 4Ha.. I960 F 1,278,000 Ref & gen 5s series F 1996 M 401,000 7,000 Bangor A Aroostook RR 1st 4 5s 43 Conrefmta gold 4a 1951 142,000 ; -1V89 3,000 Battle Creek At Sturgla gu 3a 10134 10434 Luwest 'tale Prices May 31. Ask. Wd Bid. 43,000 RANGE SINCE JAN. PRICES IN MAY. Price Jan. 2 BONDS May. EXCHANGE—BONDS 16106 May 9 16 Apr. 13 Apr. 17 5 8654 Apr. 9 8 80 62 June, 1934.] Sales in <50. J J J J D J J J J M S M N J Cln Ham A Day 2d g4H« 1937 J Cln lud S» I. A C lat 4a...Aug J 1936 Q F Cln Leh A m lat con gu g 4a....1*42 M N A..2020 J Ask. 1st mtge g 59 series J 1957 M N C Habon lat gtd g 6a..1943 J a C C C A St L gen g 4a General 5a aerlea B 17",66o D 1993 J Sale Sale 55 85 1014 1024 105 Sale 105 Cairo Dl? lat gold 4a Cln W AM Die lat g4a 76 k Sale 65 k Sale 93 4 994 904 794 Sale 1014 Sale 69 74 78 89 58 73 4 J 87 99 1935 M N 96 —1940 J 1938 J Serlea B gu 34a Series A gu 44a ...1942 A J 1942 J ...........1948 MN 1950 F 8§4 85 o 82 o 75 Coal Rla Ry lat gu 4a D 1945 600 Colo A Southern Ref A ext 44a—1935 M N General mtge 4 4s series A 1980 M N 000 000 Col A Hock Valley tat ext g 4a 1948 A O 82 86 f guar 4 14s aer Col A Tol lat C 1977 15, 000 Conaolldated Ry non-cona 764 84 Sale 65 Sale 974 504 454 Sale 1955 4a ext Conn A Paasum Rlaa iat g 4a Sale Non-conv debenture 4a__.JAJ 1955 Non-cona deb 4a A AO 1955 Non-cona debenture 4a Cuba Northern Rya lat 5 4a Cuba RR lat 50-yr g 5a 172,000 76,000 35,000 19,000 673,000 35,000 241,000 4,000 421,000 9,000 15 Conaol gold 4 34a A R Gr Weat gen 5a Aug 97 Sale 92 94 1936 1955 F Assented (subject to plan)... Rtf A imp mtge 5a aer B__ 197s A Dea Moines A Ft D lat gu g 4a 1947 44 O 8 1941 J 1937 A O Range lat 5a O 53,000 74,000 Sale O A "~5~, 000 154", 000 86,000 7,000 Sale 99 4 Sale 624 Sale 60 4 63 O M N A O 60 614 Sale J 93 97 J 92 101 J 27 49 D M S 114 Sale Sale 1054 1064 Sale Sale 18 37 7 95 Sale 20 11 99 May 25 Jan. 30 88 90 6 93 18 1004 May 18 2 103 May 29 8 1014 May 29 7 18 954 May 22 91 May 1 100 4 May 82 May May May Apr. May 29 3 11 26 25 82 75 974 May 28 76 May 9102 May 1 8 9 May 15 May 18 "95"" May31 574 May 8 103 Jan. Jan. 95 15 1004 May 18 May 29 1014 Apr. 21 96 4 Apr. 26 914 Apr. 25 101 Apr. 11 984 Apr. 12 814 Apr. 12 102 May 9 103 Apr. 7 95 May 31 594 Apr. 21 Jan. 844 Jan. Feb. 84 Jan. 60 Jan. 96 Jan Jan. 92 May 43 Jan. May 16 May May May May May May May May May May May May May 12 18 12 22 1 22 16 1 14 12 14 16 14 56" May 10 May 23 284 May 31 5 264 May 224 May 31 May 21 1024 May 1044 May 1014 May 594 May 61 May 234 May 204 May 25 44 4 May 38 _ Feb. 15 58 Mar. 17 12 59 Mar. 17 44 Jan. 2 584 Mar. 27 194 Jan. 8' 39 Feb. 5 18 Jan. 5 324 Feb. 1 164 Jan. 2 30 15, 29 15 Jan. 804 Jan. 97 Jan. 92 Jan. 994 Feb. 354 Jan. 42 8 25 Feb. 5 Mar. 14 J an. 95 2 1024 Apr. 5 1044 Apr. 19 30 1 614 Apr. 23 63 Apr. 30 9,1014 May Jan. 17 4 Jan. 32 18 25 Apr. 24 494 Apr. 20 May 234 Jan. 8 Feb. 4 W 86 85 Jan. 244 64 May 7 84 May 18 May 29 85 May 29 May 12, 244 May 17 65 20 20 20 Mar. 19 10 20 84 1024 104 1054 1014 May 14 1024 May 26 1064 May 1 107 44 May 23 45 108 Sale 44 4 Sale 6 114 Apr. 16 Sale 1024 102 88 884 "99" 99 984 984 984 984 Sale 94 934 Sale" 774 Sale 764 Sale 101 1014 104 73 764 Sale 73 " Sale 764 Sale Jan. 1034 1024 234 894 May May 1054 May 1 108 May 31 1024 May 26 103 May 12 88 May 4 914 May 5 99 May 924 May 73 May 99 May 73 May 73 May 75 734 May 67 4 May 764 Sale "7i4 Sale Sale 77 674 May 714 Sale 110 1084 110 1114 1084 May 107 111 1064 Sale 1064 May 43 4 43 42 May 62 Sale" "58" 59 46 May 11 12 Sale 10 10 May 11 114 94 Sale 94 May 104 10 D 16 914 "95"" "964 1044 Sale 974 1946 A O J J 12 27 23 25 J 27 29 40 A O 20 4 35 1942 J 84 144 6 64 974 J O Gen 1976 1973 44s Serlea D— Gen 44a series E Green Bay A West deb ctfa A 46 "89"" —II 105 Sale 1024 Sale Feb. 21 4 Jan. Jan. Jan. Jan. 26 6 6 1 . Feb. 3 9 66 4 Jan. 95 2 99 97 Jan. 34 Jan. 18 46 59 Feb. 14 64 May May Apr. May Apr. Apr. Apr. Apr. Apr. May May May May May 14 94 May 31 19 Feb. 954 794 994 Mar. 28 1014 2 624 Jan. 774 4 63 Jan. 774 62 Jan. 604 Jan. 60 , Jan. 96 Jan. 8 75 6 794 794 5 1114 8 1104 8 10 3 12 May 3 74 Jan. 30 15 10 May 1 34 Jan. 8 12 May 17 28 26 26 17 3 10 17 12 21 15 20 26 12 21 21 5 9 10 9 16 174 Feb. 16 64 May 29 12 18 29 Jan. 11 108 May 31 3 103 944 Jan. Apr. 12 814 Mar. 27 914 May 5 944 Feb. 10 96 Feb. 15 794 Jan. May 17 99 25 954 May 14 774 May 16 1014 May May 14 77 14 764 May 29 734 May 14 77 May 14 77 May 11 1114 May 31 1104 May 16 46 May May 19 64 14 124 May 11 31 May 8 4 May May 244 May 12 Apr. 102 4 May 1034 Jan. 107 May 49 4 Apr 98 Apr. 85 91 684 1977 Feb 234 Sale ... Feb 4 1940 MN Greenbrier Ry lat gu g 4a... Gulf Mob A Nor lat 54a aer U "65"' Sale 1950 A O 89 61 1st mtge gold 5a series C 1950 A Gulf A Ship Island ref 5a...Feb 1952 J O 60 J g 44a........1999 J J g 6a........1937 MN 55] 55] 74 Apr. 30 984 100 75 32 Sale ...1951 J 92 100 1951 J 80 80 ..Feb J O 1951 ........1951 M 8 Collateral truat gold 4a.......1952 A O Refunding 4a—...............1955 MN Purchased lines 1st 34s J 1952 J Sale 95 24 274 524 30 5' 30 964 11% Sale Sale 884 Sale 914 844 Sale 84 Sale 834 Sale 754 Sale 764 754 33 54 1004 84 774 65 A 1937 Hudson A Manhat 1st A ref 5s A. 1957 90 244 May May 14 May 7 504 May 14 105 46 64 33 Sale 75 Feb. 21 154 Jan. ll 914 Apr. 25 26 Feb. 7 564 May 19 204 Jan. 30 May 7 Apr. 27 30 May 93 4 May 31 954 May 31 874 May 29 83 May 31 73 May 15 744 May 25 984 984 964 914 844 84 May 1 May 12 May 5 May 1 May 1 May 1 86 78 Jan. 60 Feb. 7 101 4 Jan. May 15 1094 May 22 Jan. 107 4 May 19 5 >: Jan. 994 Jan. 26 Apr. 12 Apr. 30 874 Apr. 23 864 Apr. 13 32 Apr. 16 67 Mar. 12 Apr. 764 Jan. 684 Jan. 99 92 Jan. 664 Jan. 26 46 Feb. 54 Apr. 984 Mar. 624 Jan. Feb. 80 854 75"" 59 Jan. 57 Sale rA May Apr. it* Apr. Jan. 70 23 21 984 Jan. 29 31 4 1 23 97 10 107 19 100 10 104 24 101 102 1014 "79"" if.-— Sale Sale May 26 102 May 26 804 May 17 85 4 May 26 75 May 17 784 May 7 Sale 103 4 104 102 101 Sale Sale 100 May May May May May May May 1 1074 May May May 14 101 May 14j 894 May 14' 444 May 9 1004 May 15 1004 15 104 19 26 26 9 Feb. 21 82 Jan. Jan. May Apr. Apr. Apr. 894 Apr. 23 25 23 17 25 914 Jan. 72 32 Jan. Jan. 504 Feb. 13 1004 May 23 924 Jan. 83 95 .2* 10 68 105 1074 994 1004 1004 Sale 1024 Sale 1004 Sale 88 844 40 404 Sale 100 1004 100 1024 1004 894 444 93 66 20 85 14 3 104 4 May 23 14 914 May 1 24 May 14 65 O Houa Belt A Ter lat 5a J Sale" 974 61 1957 1937 J 89 20 Feb. 964 Jan. Apr. Feb. 68 98 61 85 96 4 100 88 93 72 Sale Houat A Tex C 1st g 5s Int gu 83 1044 May 23 1044 May 23 40 554 594 594 85 100 85 1034 954 1014 1014 104 1014 May 15 1014 May 15 107 1084 Sale" 1094 Sale May 16 1094 May 22 105 1064 Sale 1 1074 May 19 1024 1074 Sale 1064 May 63 864 Sale 804 814 804 Sale 714 80 684 71 1961 904 1054 914 Sale D 1952 102 44 J .......1936 19. Sale J 4a Ser A see page 64 34 1941 1961 J Gen mtge 5 4a Ser B G«*n mtge 5a Ser C footnotes, 3 103 12 444 Jan. 56 Sale 34 314 354 Sale 28 Sale 274 Sale 254 24 Sale 234 Sale 204 22 204 224 Sale 194 934 Sale 944 Sale 934 1024 1024 1014 1024 101 1044 Sale 1024 1034 104 102 1014 Sale 1014 49 Sale" 49 584 Sale 63 604 564 Sale 534 18 234 Sale 204 Sale MN 15-yer deb g a 1 6s guar 1936 M S Grays Point Term lat gu g 5s ...1947 J D F 60 8 lat gu g 44a.......1941 J Grand Trunk of Can s f 7s 1940 A Extended lat g 34« lat gold 3a sterling 15 8 Jan. Jan. Jan. 63 59 44 ex 34a Jan. Jan. 1982 54a Ulinola Central lat g 4a. 60 52 MN J Adiuat Income Sa 10 10 Jan. 1952 Proof of claim filed by owner 1st gold 39 4 12 Proof of claim filed by owner con 11 Jan. 50 Sale 61 O con 964 Mar. 1 954 Apr. 17 100 Apr. 10 100 Apr. 26 914 Apr. 17 82 Mar. 17 May 11 63 87 Sale do Housatonic RR 52 102 82 66 4 Penn coll truat g 4a .1951 Cona g 4a Ser A .............1953 Hock Val 1st Sale 1054 88 J Stamped....................... 63,000 68,000 8,000 11,000 389,000 384,000 5,000 1104 may 1 Jan. 97 54 92 88 Debenture ctfs B 1,000 1 5 1014 May 21 101 4 May 21 584 944 63 J Extended at 507,000 31 Jan. 1014 May 21 1014 May 21 52 43 J B gen Hen 4s lat A refund 4 10 111 21 7 17 18 Feb. May Apr. May May 994 Feb. 28 102 May 1 994 Feb. 14 1014 May 16 92 107 J Gt Nor—Geu 7a Serlea A 994 12 1014 16 984 9 1074 Jan. 11 Mar. 15 62 15 Jan. Jan. Jan. 16 Apr. 1 102 May 1 May 12 1014 May 16 Sale Sale 1940 Fort St U D Co lat g 4 4a Ft Worth A Denaer City Mar. 16 914 Apr. May 31 May 25 May 1 May 1 May 29 May 3 101 Sale A prior Hen 4s ..1996 ser< 2 98 92 45 1 95 87 6% to 1934 5,000 16,000 Georgia Midland 1st 3s Goua A Oawegatchle 1st 5a 293,000 183,000 168,000 207,000 - 93 .1965 A Gala Houa & Hend 54s A 1938 18,000 IGa A Ala lat cona 5s On. 1945 3,000 J Ga Caro A Nor 1st 5s 1929 2,363,666 1034 102 4 104 4 914 (Amended) lat cons2-4s.. 177,000 240,000 84 86 ' 948 A 1996 Gr R A I 264 75 O 34a 8 104 4 934 May 1014 May 101 95 214 124 ...1940 con 102 "95" 424 12 115 Jan. Jan. 71 78 27 34a May 11 894 1024 101 65 1st g 5s 1956 MN 1941 M N cons 92 Q9 1004 1004 102 1004 May 1004 1004 1014 1024 1004 May 99 1004 Sale 1014 Sale May Sale 94 4 Sale 95 93 May Sale 91 Sale 874 May 102 100 100 1014 96 Sale 974 Sale 944 May 68 76 794 684 May 102 1014 102 1014 May 33 18 Certificates of deposit 65,000 tFonda Johns & Glov ref 44» "8" 000 6 60 J 1937 .. "V.ooo 284 Sale D M N Do 1,000 Sale D Ser B 1953 78,000 Gen cona 4a Serlea D 1953 1,000 Ref A Impt gold 5a aer 1927 ...1967 1,081,000 Ref A imp 5a aer 1930... 1975 1,478.000 Erie A Jersey lat a f 6s 1955 46,000 Genesee Rla RR 1st a f 6s. ...1957 23,000 tFIe Cent A Pen conaol gold 5e .1943 36,000 tFIa East Coast lat 44a 1959 48,000 lat A ref 5s ser A ...1974 205,000 14,000 Sale 24 M 1995 Dul So Shore A Atlantic g 5a Bast Ry M No Dia lat g 4a 1st conaol 20 974 Jan. 1114 Jan. 724 Jan. 7 1014 May 7 May May 18 964 May 18 May 14 1074 May 18 9 111 May 31 May May 10 1104 May 994 May 8 100 84 May 15 904 72 744 Sale May 12 794 103 1004 May 1 103 884 "95"" 87 May 1 90 914 914 914 May 23, 93 101 1024 88 95 88 May 25 88 85 23 434«-1961 gold 4s........... 8erlea C 964 464 Sale A 1995 J Detroit A Mack lat Hen g 4a. Brie A Plttsb gen gu g A ... 434* Detroit Rlaer Tunnel lat gu Dul Mlsaabe A Nor gen 5a 94 Sale Prices. 8 1064 May 28 6 110 May 31 2 107 Apr. 23 1054 Jan. 1935 Certificates of deposit.... l>ea Plalnea Val 1st guar Erie RR 1st 814 Sale O Del Rla RR A Bdge lat gu g 4a..1936 F Den A Rio Gr lat cona g 4a 1936 Dul A Iron 17 1937 M N 54" Cast Tenn Va A Ga 144,000 389,000 8,000 138,000 D 1935 A Gold 35,000 34,000 Elgin Joi A Bast 1st g 5a CI Paao A S W lat A ref 5a 10,000 v.ooo 214 Sale 154 19 164 Sale ...1943 M N 5a Second 56,066 D 1936 J lat A refund 734a aerlea A lat lien A ref 6a aerlea B + 43",000 J 1936 Dena 1,000 38,000 D Sale 1952 1942 Del A Hud lat A ref 4a.. 40,000 516,000 44 —1956 31 2 10 8 29 31 Mar. 52 deb 4a 1954 1064 1144 904 1024 484 May May May May May May 1004 52 1943 Sale Prices. 1064 May 28 1004 Jan. 110 95 85 A 844 Sale a 1. Highest. Feb. 1014 1024 1014 854 93 73 4 lat Sale 102 90 O 34,000 95 101 A 68,000 387,000 87 92 1004 O 3,000 Sale O General 4 4a aerlea A.........1977 "2" 000 87 91 O Pitta gen gu 414a aer B..1942 A 93 Sale Sale Prices 5 12 14 24 3 1 31 100 Sale 94 J J 1991 98 May May May May May May May 101 1024 95 000 Clea Short Line lat gu 4*4a.._...1961 175 000 Clea Union Ferm'la lat a f S4a A.1972 lat a f g 5a serlea B guar 246, 000 1973 111, 1, 93 85 64 Serlea C gu 34« Serlea D 3 >a 241" 94 Sale 1094 1004 93 904 111 Sale 110 iii 1014 964 1064 1084 1084 964 Sale J Clea A 160, 000 107 75 1939 000 Cler A Mahon Valley g 5a 000 Clev A Marietta lat gu 44a 5 ,000 102 1064 107 1094 Sale 78 W W Val D»t lat g 4a 1.000 1014 964 83 St Loula Dl» lat coll truat g 4a.1990 MN Spring A Col Dlr lat g 4a 1940 M 8 "~i~,666 101 1054 1084 105 4 1134 884 Lowest. Highest. Sale Pr>cs \ Sale 1064 Sale Sale 1094 110 1064 107 1064 106 4 Sale 1134 Sale 90 Sale 904 Sale Sale 1024 Sale 61 484 Sale 100 924 97 H D Ref A Imp 6a aerlea C 1941 Ref A Imp 5a aerlea D ........1963 Ref Almpt 4 4s aerlea E 1977 59,000 415,000 41,000 15,000 33,000 Sale 1134 76 Lowest 107 j —1993 J May 31. 105 4 Sale ..... 1. Ask. ma Bid. Sale 1004 1054 974 1124 724 854 J ...2020 J Cln Union Term lat 4^1 aer lat mtge 5a aerlea B Clearfield 81",000 J May 1934. Bid. 110,000 Chic Un Station lat gu 4H* A.. 1963 1st 5a aerlea B 49,000 1963 41,000 Guaranteed Hold 5a 1944 lat 614* aerlea C 216,000 1963 464,000 Chlcfe West ind Conaol 50-yr 4a. 1953 lat 5c ref 5 Vta aeries A 197,000 1962 1,000 Choc Okl A Gulf conaol 5a.. 1952 2,000 40,000 61,000 158,000 RANGE SINCE JAN. Jan. 2 N. Y. STOCK EXCHANGE. "V.ooo PRICES IN MAY. Price BONDS May. Value. exchange-bonds n. y. stock 92 95 May 18 92 May 18 Jan. 92 Mar. 13 92 May 93 Mar. 22 76 4 68] 70 82 72 75 63 Sale 874 804 Sale & 82 824 83 4 80 824 Sale 82 804 May 1 834 May 24 80 May 17 824 May 29 88 May 2 82 May 3 684 Jan. 4 74 3 63 Jan. Jan. 2 85 Apr. 13 884 Apr. 24 82 May 3 EXCHANGE-BONDS N. T. STOCK 24 Sales in N. Value. Y. Jan. 2 1934. EXCHANGE. STOCK Bid Ullnola Central 1953 ..........--1956 1934 1944 Refunding 5a 15-year secured (Hi.. 46-year 494a Litchfield Dlv lat g 3a 1953 1951 _1951 1951 1951 1951 3 H« Omaha Dlv lat g 3a ... St Lou Dlv 6c Term g 3a Gold 3%a Sprlngf Dlv lat g 3%a ~~3~, 666 Weatern Llnea lat g 4a A D 102 Sale Sale 78 68 J J A J J J J J J D 71 J D 64% A O Ind Bloomtngton A W lat 4a 1940 Ind 111 A la lat gold 4a 83 86 "78" A Loulav lat gu 4a. 1956 A 1965 Gen A ref guar 5s ser B 1965 ^Internet A Gt Nor lat 6a 1953 Adj mtge 6a aerlea A.-July 1 195J lat mtge gold 5a aerlea B 1956 lat gold 5a aerlea C. 1956 Int Rye of Cent Amer lat 5a B—1972 tlndlanapol J J J lien A ref a Hi a Sale 32 10 25 12% 36% 35% Sale 65% Sale 74 Sale 45 % 49 % 43 % 46 54 50 3% 1% 67% 6 3% 68% 75 65 Sale Certificates of depoalt 1951 M lat A ref 4a Kal Alleghan A S D 4s..1959 J lames Franklin A Clearf lat 70 34% 38% 34% 38 63 % Sale 68% 70 93 % Sale J J J 1937 77,000 cake K A W lat gold 5s 2nd gold 5a. 1941 39,000 1997 60,000 t-ake Shore A Mich Sou g 3%a 1945 21,000 Lehigh A N Y lat gu g 4s 1954 76,000 Led Vail Harbor Term lat 5a 1940 124,000 Leh V (N Y) 1st gu g 4%e 2003 312,000 Leh Vat (Pa) gen con g 4s Gen cons 4 Ha 2003 99,000 Gen con sol 5a ........___.__2003 121,000 1941 16,000 Leh V Ter Ry 1st gu g 5a ...1965 9,000 Lex A East lat gu 5a.. 1962 4,000 Little Miami gen 4a aeries A 35,000 Long Dock cons gold 6s........1935 1938 12,000 Long Island gen g 4a. Unified gold 4a 1949 36,000 Deb gold 5s 1934 20-year deb 5a 1937 45,666 O 90 56% 56 % Sale 66% Sale Sale 13,000 356,000 Guar ref gold 4a Louisiana A Ark lat 6s series lou A Jeff Bridge gu g 4s Louisa A Naahy gold M S 57 Sale F A 79% 90 J M N M N 76 % 81 M A A M A 56% 57% 93% 100 D 57 O O N O D F D N P J 8 lat A ref 97 99 98% 99% 100% 102" 95 Sale 93 Sale Sale 54 83% 102% 104% Sale 95 O 90 Sale A O A O 83 Sale F A 8 Mob A Montg lat g 4 Ha 1945 M S South Ry joint Monon 4a...-.1952 J J Atl Knox A Cln dlv g 4a 1955 M N 1980 M RK South Lines lat ext 4s vianlto S W Colonic g Man G B A NW 1st gu Internat J J 1st 4s...1939 M N 1959 M N 1934 Mahon Coal RR lat 5a 5s 3 Ha 1934 1941 1st 4s asstd... 1977 1 1 D J 95 100% 102 60 Jack LAS gold 3%a 6,000 1st gold 3 Ha 24,000 Ref A Imp 4%a series C 37,000 1940 A O 10,000 Midland of N J 1st ext 5a 1934 J D 25,000 Mil A Nor 1st ext 4Ha (1880) Cons ext 4%a (1884) 1934 J D 56,000 1947 M 8 47,000 Mil Spar A N W 1st gu 4s Mtlw A State Line 1st guar 3KS-.1941 J J {Minn A St L lat cona gold 5a 1934 Temp ctfa of deposit M N 1,000 1st A refund gold 4s.... 1949 M 8 15,000 Certificates of deposit.... 7,000 151,000 13,000 68,000 5,000 29,000 63,000 1962 ... 1938 M St P A 8 8 M 4a stpd 85 57% 62% 97 48 10% 3% 84% 86 Q F Q F 70% 62] 10% 4% 49 76 80% Sale 100% 59% 90% 81 101% 97% 66% 72 80% 104% 104% 96% 102% 102% 100% 100% 102% Sale 89% 92 94 68 62 Jan. Jan. 95 Jan. 93 80 > Mar. 15 86% Mar. 19 5 87 8 81 26 100 15] 95% May 22 May 26 Apr. 12 12 May 31 Apr. 95% May 22 5 64 May Mar. 5 25 5 103% May 11 30 103 Mar. 23 44% Feb. 15 11 103% May 11 " 37 May May May May 74 21 15 2 May 12% 36% 35% 66% 31 14 29 29 May 18% Feb. 40% Feb. 4% Jan. 2% Jan. 69% Jan. 10% May 24 11% Mar. 28 5% Feb. 21 88% Apr. 13 Jan. Jan. 94% May 23 9% May 1 3% May 11 84% May 7 87 93 94% May 23 79 48% May 2 5 4 1 101% May 29 2 100% May 89 May 5 36 48 35% 62% 67% 93% 90% May 5 6 17 66% Apr. 16 74% Apr. 27 66% May 31 66% May 31 4% May Feb. 41 9 1 100% 92% 95% 77% 101% Sale Sale Sale 83 Sale Sale Sale --- 80 Sale Sale 95 Sale 60% Sale Sale 65 Sale I " 74 74% Sale 76 103 106" Sale 107 102 100% 100 105 103% Sale 103% 104 100% Sale 103 103 Sale 101% 63% 99% 106 105 .... Sale .... Sale 5 100% May May 93 May 1 92% May 95 May 28 90% May 83 80 May 5 May 102 May 23 99% May 95 97% May 2 May 59 66% May 1 May 65 4 72% May May 81% May 2 74% May 105% May 22 104% May 8 107 May 31 105% May 98 May 12 100% May 28 2 103% May 103 2 May 7 104 103 May 19 May 100 May 31 May 16 101 100 102% 100% 61 % 97% May May May May 12 103% May 29 11 101% May 25 68% May 5 14 May 24 18 100 106 105% 104% May Sale 99% May 95 92% May 107 105% May 98 96% May Sale 70% May 103% 102% May 80 May 81% 99 Sale May May 100% 100 72 69 May 105 104% 104% Sale 101 94% ~97% Sale 94% 105% 96% 71% 103 "84% 78% 99% 100% 100% 100% 75 65% 75 69 "7l" . 104% 69% 102% 101% 95 106 97% 73 102% 81% 100% 100% 72 May May May May May May May May May May May May May 1 2 11 4 29 2 17 22 9 3 22 1 11 72 Sale 99% 102 87% 85 104% May 28 105 May 9 73- 67 81% 93 Sale 92 52 60 73 55 70% 72 2% 8 2% Sale 1 1 J 35 88 91 4 3% Sale 6 3% 92% 87 95% 92% 74% ..... 11% 4% 92 94 Sale 97 Sale 81% 91% 93% Sale 90% 70 69% 85 Sale 1938 J 32 1938 38 6 3 6 4% 3% 2 4 2 11% 4% 11% 3% lat A ref 6a aerlea A 1946 J 15 25-year g 5 Ha 1949 1978 M J 16% 45% Sale 41% Sale 52% Sale 41% Sale 36% Sale 20% 18 36 45 79 50% Sale 32 92 May May May May May May May 15 10 10 12 15 17 28 8% May 19 3% May 17 3% May 7 2 May 7 26 Sale 41% May 14 36% May 31 45 May 28 35 May 16 26 May 31 72 Sale 72 45 37 33% Sale 91 May 25 95% May 22 95% May 31 85 May 7 97 May 31 95 May 29 74% May 2 72 63 5s 88 95% 95% 75% 48% 48% 8% 4% 3% 4% May 19 May 3 May 7 May 17 Jan. Jan. Jan. Jan. Jan. Jan. Feb. 83% Jan. 7u 81 Jan. Jan. 57 Jan. Feb. 6 Apr. Apr. Apr. 2 101% May 5 100% Apr. 12 89 Apr. 2 88% Apr. 16 12 11 29 25 30 24 1" l\* 2 101% Apr. 20 95 Apr. 12 5' 95 May 28 13 2; 83 3 102 17 103% 3 104 17 101 30 Mar. 14 12 99 47 Jan. 8 68 52 Jan. 6 74% 54 Jan. 8 94 Jan. 91 Jan. 95 reb. 99 Jan. 99% Jan. 95 Jan. 100% Jan. 93% Jan. 92% Jan. 50% Jan. 84 Jan. 102 83 11 105% 13 107 20 100% „ Jan. 106% Apr. 103% Apr. 105 May 2 102% Apr. 90 Jan. 2 83 Jan. 97 Apr. 101% Jan. 22,106 Apr. 82 Jan. 98% Apr. 60% Jan. May 73. 96% Jan. 102% May Mar. *1 83 64% Jan. 2 100% May 85 Jan. Jan. 100 May 28:101 8 Mar. 75 57% Jan. 65 Jan. 72% Apr. 99 Jan. 105 May Mar. 70 59% Jan. 2 Mar. 2% Feb. o y Jan. 87% Feb. 10 102 26 91 Jan. 11 95% 75% Jan. 86 22 95% Jan. 13 85% 78% Jan. 10 97 Jan. 2 62 65 56% Jan. 12 70% Mar, 23 75% 4 9% 5% 4% 4% 4 Jan. 2% Jan. 29 m Jan. 31 13 38 20 Jan. Jan. 3 2 11 16% Jan. Jan. 8 Jan. 27 76% Feb. May 31 75 10 2% Jan. 34% Jan. 33% Jan. 45% May 41% May 53% May 37 May 32 May 79 May 102 51103% May 29 5 101% May 25 68 7A Apr. 26 100 Apr. 30 94% Jan. 92% Jan. 60 21 23 24 13 17 20 22 31 28 11 19 31 Apr. May Apr. Apr. Apr. Apr. May May May Apr. May May 82% Jan. 83% Jan. 94 100% 102 94% 73 80 May 105% 106% 105 101% May 102% Sale Sale 102% 103% 100% 94% 105% 96% 70% 102% 81% 98% 100% 72% 72% 100% 62% May 77% May 81% May 101 100% 99% Sale May 43% May 44 May 74% May 74 May 99% May 99 May 89 May 93% 93 89% 101 67 45% 75% Sale 76% Sale 101% Sale 99% 89% 90 Sale 44 Sale 100 Sale 94% 43% 97 Sale 65 5a gtd as to int 3 Apr. May May May Apr. May May Apr. Apr. 20 14 11 20 9 24 21 22 9 17 22 17 5 2 9 27 14 6 25 22 31 18 31 29 12 4 Apr. 16 Feb. 6 Feb. 1 Feb. 19 Feb. 19 42% Apr. 23 56 Feb. 19 37% Apr. 27 34 Apr.'24 80 Apr. 16 49 Term 1941 M N lat Chic Term a f 4a ..1949 Mississippi Cent lat 5s 100 72 cons Cent 4% Sale 47 82 cona B 60 98% lat MStPASSMA Sale 101 lat lat ref 5H> aerlea 2 73% May 14 83% May 68 78% May 1 May 14 May 31 May 31 100 - — J J 1951 M S 1952 M N 1979 J J Ref A ext 5a series A 83 60% 62% 96% 64% Sale Michigan Central-Detroit A Bay City Air Line 4s 1940 5,000 87 1946 5s St Loulu Dlv 2d gold 3a Mex 95 100% 91 4H« series C_.......2003 Paducah A Mem Dlv 4s. Manila 71 Sale 2003 A O 1st A ref 5a series B 77",666 47% Sale N 1941 141,000 396,000 4,000 2,000 17,000 6.000 21,000 69.000 92% 48% 93 2003 A 144,000 lat A ref 5 Ha aerlea A 7,000 1,000 Sale 84 1937 M N 1940 J J Unified gold 4a. Gold 83% 82 J M J M 1949 M A.. 1969 J 1945 31 5a 75 77 62 ... 138,000 265,000 72,000 4 87 90 J Jan. 69 105 C O Kanawha A Mich 1st gu g 4s 75 85 86% May 100 95% J G R lat gu g 5a..1938 J 1990 A 1936 A 106,000 {K C Ft S & M ref g 4s Ctfs of dep (Bankers Trust) 60,000 19501A 328.000 Kan City South lat g 3a Ref A Imp 5o__ Aprlll950 J 322,000 1960'i 531,000 Kan City Term 1st 4s 1987 J 12,000 Kentucky Central g 4a 1961 J 8,000 Kentucky A Ind Term 4Ha Stamped... ..............—1961 J Plain 1961 J "10:600 9% Feb. 66 35 {Iowa Cent lat gold 5a.......—1938 15,000 29,000 72,000 ~eb. 71% May 9 78 May 14 102% 104% 103% May 103% 31% May 31% Sale Sale 9% May 10 30% May 29 31% 30 30% May 29 65 May 65% Sale 70 May 71% Sale 40 Sale . 93% 95% 17 % Sale 26% Sale Sale Sale 28 92% 38 Sale 73% 100 103% 103% Feb. 75 76 Jan. Jan. Feb. 84 79 Sale Sale Sale 26 J J J J M N 83 78 96 38% 93% 100 J 1941 M N 1947 F A lat coll trust 6a gold notes 65% 75 67 J ind Union gen A ref 5a Sale Jan. 58% Jan. 87 Sale Prices. 3 79% Feb. 3 98% Apr. 12 3 103 May 18 6 5 76% Feb. 98% May 23 82% May 3 W* May 7 76 Apr. 30 78 May 4 85 Apr. 18 Jan. 90 80% 86 71 1950 J Flrat 82 84 79% 1963 22.000 72 92% I 5 62% Jan. 81 1. Highest. Sale Prices. May 7 May 2 May 18 May 1 May 23 May 3 May 7 May 12 May 4 May 11 67 73 80 1943 J 33,000 34,000 20,000 71% May 78 May 83 May 78 ..... 4^i aerlea C 320,000 30,000 85 % 66 65% Joint lat A ref 5a aer A "5", 660 81% A Chic St L A N O— 111 Cent 115', 660 99 89 160,000 1,000 72 98 % 77 % Sale Prices. Prices 78% May 16 92 May 24( 97 103 101 May 64 72% May 98% 98% May 82% 79% May 87% 87% May 74 76 A F Sale 101% 102% Sale Sale Sale I 68 J F Sale 96% 77% 76 % 94 Sale 101 ..... 299,000 23,000 78 91% 60 % J F 66 §8* 80 MN J !•*» J 1951 J Cairo Bridge gold 4a Loulav Dlv & Ter g MN Sale Ask Ask. Bid. Bid. Lowest. Highest. Lowest. May 31. May ,1. Ask (Concluded) Coll tr g 4a 180.000 45,000 80,000 677.000 6,000 9,000 1,000 3,000 2,000 18,000 RANGE SINCE JAN. PRICES IN MAY. Price BONDS May. 1959 42,000 {Missouri-Illinois RR 6a aer A ......1990 155,000 Mo Kan A Tex lat g 4a { <1 J 85 77 75 14 88 Jan. 9 3 77% Feb. 8 21% 89% Sale 20% May 7 89% May 21 21% May 92% May 4 14 Jan. 2 26 Feb. 19 1 75% Jan. 2 92% Apr. 28 81 % May 25 72 May 25 75 May 28 2 7 1 1 70 2 2 63% Jan. 44% Jan. 2 91% Feb. 17 79 Feb. 19 83% Apr. 14 62% Feb. 19 8 25% Jan. 80% Sale 85 77 85 81% 20 23 20 J 75% Sale 92% Sale J 70 81% Sale 71% 44% Sale 86% 88 75% 77% 81% Sale 59% Sale 55% Sale 51% May 14 87% May 76% May 81% May 60 May 25% 33% Sale 30% Sale 27% Sale 30 33% May Sale" 13 Sale 13 33 Sale 30 Sale 33 Sale 28% 29% Mlaaour-Kanaaa-Tazaa RR— 40-year la series B 41,000 17,000 164,000 110,000 19,000 437,000 519,000 12,000 295,000 9,000 354,000 174,000 3,000 532,000 1962 Prior Hen 5a aerlea A 193,000 7 Pr lien mtge 4Ha aer D Cum adjust 5s aerlea A Jan {Missouri Pacific RR Co— 1st A refund 5a aerlea A......1965 63 F S Certificates of deposit - - M S 1977 M * 1975 General 4s 1st A ref 5a aerlea F... - Certificates of deposit.......... 1st A ref g 5a aer G 1978 MN .1949 M O 12% Sale" 25% Sale 25% 26 25% Sale 8% Sale aer I._ "l6% Sale" 33 Sale 29% 30% Sale 33% Sale 33% Sale 31% "29% Sale 29% J J .... Montgomery Dlv lat g 5a Refunding A Improv't 4Ha Sec 5% notes. Mohawk A Mai lat gu g 4s For footnotes, see page 19. J 1938 M 8 1947 F A 1977 M S .1938 M S 1991, M S 98% 16 11 84 83 91 48 51 J J 1945 "86" 91 89% J J 83 90% 84 85 83 81 90 70 26 87% May 5 83 3 83% May 3 94% 23% 16 10% 14 16 17% 75 17% 84% 18 14 17 88% 83 85 Jan. 61% Jan. 5 39 6 35 4 16% May 34 May 1 24 Jan. 6 33% 33% 33% 12% 33% 33% May 1 23% Jan. 10 May 1 24% Jan. 4 29 Mar. 28 8 Jan. 8 24 Jan. 6 34 May May May May May 1 2 1 1 1 23% Jan. 11 24% Jan. 6 Apr. 2 72% Jan. 15 85 Mar. 14 83 May 3 26 May Feb. 6 90 Feb. 60 Jan. 6 27 19% Jan. 26 27 Jan. 5 55 24% May 17% May 17% May 2 3 3 5 Apr. 30 16% Feb. 5 38% Feb. 5 34 Feb. 7 38% Feb. 5 34 Apr. 30 89 Apr. 13 34 11 15 4 99 May 25 11% May 25 14% May 25 38% Feb. Jan. Jan. Jan. 48 20 Feb. 6 Apr. 28 20% Feb. 5 38% Feb. 5 35 Feb. 19 2 Jan. 11% Jan. 22 1 69 19% 12% 71 22 2 3 23 May 21 70 97 24% 84% May 25 32 91 72 99% 18% Sale . 27% 29% 29% 33% 9% 29% 32% 29% Sale 72% 27% 30% 26 65% 12 31 31 23 23 14 1 31 28 26 July 1938 J 5a ...1945 J {Mobile A Ohio gen gold 4« 33% 33% Sale 12% Sale May May May May May May May May May May May 30 A A Small Small. Sale R N J Mo Pac 3d 7a ext at 4% ilH 76 1981 Certificates of deposit... Mortgage gold 4s.... 12,000 13,000 16,000 22 73 1980 lat ref gold 5a aerlea H 1st A ref 5a Mobile A Blrm prior lien g "3:660 69 Certificates of deposit Convertible gold 5%a Certificates of deposit... 13:660 Sale 61% Sale 1962 { 1978 J 1967 A 10 14 Jan. 15 84% Apr. 25 91 8 4 19 21% Feb. 19 23 Jan. 23 84% Apr. 25 Feb. 99% Jan. 80 „ Jan. June, 1934.] N. Y. STOCK Sales in Price BONDS May. Value. B. T. STOCK PRICES IN MAY. May 1934. 5 a. $ Ask Bid. 1937 J 80 90 81 86 75 % 72 75 1955 M N 73 Sale 197K F A 79 % 5s.__.1937 p A 90 ' St L 1st 4s National Ry of Mexico— Prior lien 59-year a f 4%a Assent cash warr Assent No Nat RR Mex prior lien g4H* 15,000 Aisent cash Fiut 16,000 cons warr 4,000 46,000 13,000 31,000 5,000 89,000 490,000 980,000 103 100 94% 104 2% 3% Sale 2% Sale 2% May 31 3% May 2% 3% 3 3% May 25 4 4% Sale 1954 M N ..... J* 68 83 ..1945 J 4% N O 8c East ref 4%« series A New Orleans Term 1st 4s ..1953 J 1986 F 73 1954 A 27 20% 16% 20% N 84 Ref 6c Impt 414* series A Ref 6c impt 5s series C 2013 A O 2013 A O Sale 1944 M N 1998 F A 74% Sale 62% Sale 68% Sale Sale 17 26 35,000 5,000 16,000 14,000 203,000 353,000 * 3,000 Non-conv debenture 4s.... 66 Jan. 20 29 25% 23% 100% 102% 101% 102% 101% 103 102% 102 100 Sale" 100% Sale 99% 117% Sale 115% Sale Sale 85% & Sale 69 78 Sale 74% Sale 70 89% May 94 May 64 May 82% May 81% May Sale 88% 99% Sale 77% Sale 67% Sale 77 89 90% 97% 104% 76 97 50 56% 63% 63% 57% 85% 88% 54% 68% 98% J 55 ...1956 M N 47% 73% Sale O 74 Sale 1957 M N 45 Sale 1967 J N Y Susq Ac West 1st r*f g 3s Second gold 4>48 62% Sale 82% I D A O ..1993 A O 1937 I j 1937 F A General gold 5s ........—1940 F A Terminal 1st gold 5s 1943 M N N Y Westches Ac Bos 1st 414s 1946 J J Nord Rya «xtl a f 6%« 1950 A O 5s A...1961 rei F 60 Sale 52% 80% 68% 50% Sale 90 72% 54 41% .... 37 Sale 128 Sale con 1941 g 4s—1996 A A... 1974 M 1945 A 1 1934 O J 100 8 100 8 90 O 35 1938 A O J J Sale 76 47% — 89 Sale 92 Sale 103 99,000 11,000 7,000 148,000 1,000 Pacific RR of Mo 1st ext 4s 1938 F A 1938 J J f 4 Mis.. 1955 J J 1968 M 1942 M 8 105% 105% Sale 85% Sale 87 .... 95 48 83 .1948 M N 1960 F A 89 87% _____ 115% 8 1977 A O 1943 M N 1948 M N Penn Ohio At Detroit RR— Stamped dollar bonds Consol 4 >4a Issue of 1915 General 4Hs Series A 60 "I loo" J J Consol gold 4s 53 87% 100 100 Sale 100 Sale 105* 89* Sale 19% 88 74 Sale Sale Sale Sale +Sale 21% 105 Sale 53 54 85% Sale 85 88 55 46% 67% Sale 98% 99% 62 62% 55% Sale 104% 85% 87% 73% 74% 51 Sale 52 54 96 100 52% Sale 161% Sale 85 1 14 12 17 11 54 15 15 1 22 1 2 2 94% May 29 97 74 May 1 May 4 84% May 25 84 May 1 99% May 5 78 May 18 §zy* May 1 78 May 5 104% May 10 107% May 31 102 May 2 May May May May Jan. 19% 20% 17% 20% Jan. Jan. Jan. Jan. 97 Jan. May 17 87% May 2 15 May 8 97 1 83 48 97% Sale 69% Sale 98% 67% 83% 95% 88% 88% 89- 95 100% Sale 101 100; Sale 94} 65 68 12 9 Feb. 82 Apr. 12 6 75 69% Jan. 9 3 84 71 Jan. 85% Jan. 55% Jan. 47% Jan. 49 96 Jan. 101 Jan. Jan. 99% Apr. 9 80% Apr. 12 70 Apr. 12 4 80 Apr. 20 10 104% May 10 18 107% May 31 8 10 102 Mar. 12 100 Mar. 12 Jan. 88 Apr. 14 Jan. 10 92 Feb. 23 100 Mar. 28 3 95% Apr. 23 8 71% Jan. 9 54% .Tan. 18 51 45 Jan. 16 Jan. 10 54% Jan. 18 9 71 Jan. 9 44 Jan. 3 9 57% Jan. 83% Jan. 97 65 r 64* May Feb. 23 May 1 Feb. 8 May 4 Apr. 21 May 2 Feb. 58 Jan. 71 5 Feb. Jan. 4 68% Feb. Jan. 4 90 Jan. 71% Jan. 9 50 8 8* May May May Apr. May Apr. May 56% May 43 54 38% Jan. 82% Jan. May 13 57 May 162% May 29 15% May 26 76 25 56% 58% 10 25 : 97% 59% 42 Jan. 61 128 Jan. 2 162% $ * 17% May 18 98% Jan. 100% Jan. 99% Jan. 20 24 5 4 25 18 1 10 1 26 29 * 7% Jan. 106% May 29 106% May 19 9 105 May 31 2 6 59% Feb. 87% Apr. 25 89% Apr. 27 50 Jan. Jan. 2 70% Apr. 26 99% May 28 4 57% Jan. 97% May 5 5 93% Jan 68 Feb. 84% May 25 May 1 12 87 87 % May 25 76 May 18 May May 51 May 52 May 96 May 51 May 157% May 70 16 94% May 29 98 Apr. 5 Jan. 90 85 21 75 Jan. Jan. 66% May 63 May Feb. 22 Apr. 24 5 106% May 29 16 106% Mar. 17 2 105 May 31 1 106 60 55 56 59 May 28 May 28 60 64 May May 3 3 56 Sale Sale Sale Sale Sale 89 99% Feb. 17 102% Feb. 17 35 Jan. 20 60 May 3 64 May 3 35% Jan. 23 34% Jan. 97% 66% 82% 95% May May May May 88 May 88% May 1 99 May 25 70% May 24 89% May 31 100% May 28 96 May 17 95% May 83 Jan. 60 Jan. 73% Jan. 86% Jan. 76% Jan. 7 5 % J an. 100 102% 102% 61 % May 12 97 Sale 102% 102% 102 Sale 101 % 110% 111% 109% 112% Sale 110% 99 Sale 96% May May May May May May 67% May 31 103 102% 102% 110% 112% 99 May May May May May May 17 8 25 22 25 31 99% Sale 100 Sale 99% May 18 99% 100% 97,% May 14 97% 99 102% Sale 100 104 102% May 1 148% Sale al49% Sale 148% May 1 71 75 71 80 75 May 18 100% May 11 100% May 5 103% May 3 152 May 10 75 May 18 100% Sale 103% 104 105% 104% 105% 101% 104% 105% 104% 109% Sale Sale 104% May 104 May 103% May Jan. 51 Jan. 100 89 52 4 Apr. 7 99 Apr. 10 8 71 Apr. 20 4 90% Apr. 20 9 103 Apr. 13 6, 97% Apr. 14 2 97 17 100 Feb. Jan. 92 19 Jan. 72 Apr. 14 Jan. 17 Apr. 4 May 102% Apr. 102% Apr. 111 Apr. 112% May 99 May 5 17 18 24 24 25 31 100 102 104 MN Sale Sale Sale Sale 67% Sale 100 102% Sale 102% 101% Sale 109% 111% Sale Sale Sale Sale 1970 A O 80 Sale 1981 90 Sale 84% Sale 96 Sale O Jan. Jan. 60% May 14 54 May 14 21 16 102% May 15 102% May 15 101 Apr. 23 117% May 22 90% Feb.i 24 52 100 Sale 100 A A 33 \ 45 May 89 May 57 May 69% May 99% May 28 Feb. 31% Feb. 21 May : Jan. Jan. 79% Jan. 80% Jan. 60 Feb. 33 65 May 23 60% May 24 57 May 2 64% May 63% May 57% May 62% May 29 59% May 10 53 May 16 58 May 26 58% May 31 52% May 17 82 May 14 85% May 14 52 May 11 63% May 14 97% May 15 * 16% May 32 101% Feb. : 115% 73% 60% 67 84 88% May 24 77 Apr. 23 75% May 2 87% May 8 29% Feb. 21 ; Jan. 16 86 100 * 105% 106% 104 104% 104 104% 100 106" 101% 59% Sale 55% 59% 59% 44% Debenture gold 4 >4a 19. 59 58% Sale Sale Sale General 4%a series D For footnotes, see pagpe 54% Sale Sale 104 Sale D ...1936 F ......—..1964 61% 101% 105% 106% D 1968 J 15-year secured 6>4a 160 8£K 90 65 108 1965 J General 5s Series B 69% 103% 107% 101 % 89% 71% 78% 57 % May 96 62 100 D J 1st Ac ref gold 4 >4* series A Penn RR consol gold 4s 80 75% Sale ..... J J Paullsta Ry 1st Ac ref 7s 87 J 1961 J f 5%« 60% 72% Sale Sale 76% O Ore-Wash RR0cNav IstAcref 4s s 83 % A 701,000 Paris-Orleans RRExt 17 117% 12 May May 70 102% 16 82% Jan. 57% Jan. 62% Jan. 95 50% Ohio Connecting Ry 1st 4s...... 1943 M S Ohio River RR 1st g 5s 1936 J D Paducah Ac Illinois 1st 43% 1 and General gold 5s..............1937 5,000 144,000 Oregon RR Ac Nav con g 4a. 1946 25,000 Oregon Short Line 1st con g 5s.. 1946 Guaranteed con 5s ...1946 34,000 3d extended gold 5s Sale coups 24,000 Ogden Ac Lake Ch 1st guar g 4s..1948 71% 56% 53% 97% 56% 93 55 Sale 20 May 3 May 29 * 99% Sale 102% Sale D 573,000 Northern Pacific prior lien 4s—1997 Q J Gen lien ry Ac id gt 3s 274,000 Jan 2047 Q f Kef Ac Impt 43,000 4-%a Series A.....2047 J J Ref Ac Impt 6a Series B.......2047 J 914,000 J Ref Ac Impt 5s Series C 67,000 2047 J J Ref Ac Impt 5s Series D 161,000 2047 J J Northern Ry of Calif guar 5a 9 coups. to sale of April 29. 29 23 102% 4 100% 24 M N ...1944 I Pocahontas C 0c C Joint 4s....1941 J ser 87 87 70 66% Sale 63 75 62 Sale Sale Sale Sale Sale Sale Sale Sale Sale 94% A 7%* Dlv 1st Ac gen g 4s s 44 73% 80 45% Sale Certificates of deposit Oct 1 1933 and April 71 51 J 4s...June 1992 M S Ac ref 5s Sale J 1954 M N 99 26% 24% May May May May May May May May May May May May May May May May 101% 104 90 O D 64% 54 100 87% 65 N Y Ac Putnam 1st con guar 4s Sale 104% 107% Sale "94" 48% 1955 73 Sale 107 63 General 4s Sale 99% Sale 75% Sale 62% Sale Sale 103% Sale ......1940 A May May May May May May May May May May May May May May May May SVA S Convertible debenture 314* 1956 J Convertible debenture 6s.....1948 1 19 22% Sale 87% 82 28 55 ... 22 67 72% 24 45 1st 0c ref 414s ser of 1927 Harlem R 0c Pt Ches 1st 4s 69% Sale 69 72% 85% Sale iw 23% 23 24% Sale Sale 88% 73% 75% 87% 25% 26% 23 8 Non-conv debenture 4s_. 87 85 88 88 20 23 O 88 May 7 83% May 12 27 1947 M 40-year 5s 7 83 29 Non-conv debenture 314s... 1947 A Non-conv debenture 314s.....1954 A Non-conv debenture 4s.......1955 J Gen Ac ref 4 >4a series A—....1974 M 381,000 5,000 67,000 108,000 157,000 691,000 256,000 643,000 414,000 678,000 716,000 Feb. Sale 83% Long Branch gen 4s 1941 M S NY&NB Boston Ter 1st 4s.. ..1939 M 8 13,000 {Northern Ohio 1st guar g 5s Ex Apr '33, Oct '33, Apr *34 10,000 "3~,666 80 82 ... 97 86 as May 3 May 29 68 94 85 Stamped Jan. 68% Sale 84% 84% 82% 84 1973 M N North Cent gen Apr. 13 5 Sale 57 N Y Ac Norfolk Ac West Ry 1st 5 3 Sale 76 {Norfolk Ac South 1st g 5s 254,000 135,000 36,000 18 Jan. 97 49% Sale 50% Sale 96% Sale 23 2% Jan. 27% 9ft 84 16 Feb. 4 9 2 21 83% 4% Feb. 11 2% Mar. 2 May 29 25 74 2% Jan. 1 3 71 62% {Norfolk South 1st Ac 16 94% Apr. 11 3 104% Apr. 18 Feb. 4% May 89% Sale 1946 M N N Y Prov ft Boston gen 4s._.—1942 "8~, 006 99 3% May 87% Sale Sale 2000 M N N Y Ont 0c West 1st g Jan. 82% Jan. 3% May 17 25% N Y New Haven ft Hartford— 176,000 118,000 Jan. 3 78% 62% 70% N Y Lack 6c West ref 414s B 175,000 77 73 2 4% Sale N Y 8c Harlem g 314s trust 6s 74% Jan. 3% 81 1938 IW - 87% 25% 20 Sale 101% Consol 4s series A Debenture 4s 3 101 % Apr. 2% 84 91% 73% Sale 72% 75% 67 18% 18 Inc 0s.1935 A L guar g 5s 87 82 62 A 16 Conv secured 6s Collateral 4 87 83 '50"~ "58" 1952 J First 5s series B 3rd extended 414* Apr. 13 25 89% Apr. 16 11 102% May 31 2 95 Apr. 5 Jan. 3% A* 82 §5% 60~~ "64" J 1983 J non cum 81 Sale Price. 17 103 87% Jan. 3% May 25 2% Sale 117,000 N Y Chic 6c St Louis 1st g 4s 1937 A O 399,000 Refunding 514s series A 1974 A O 1,490,000 Refunding 414s series C 1978 M S 432,000 3-year 6% gold notes—......-.1935 A O 190,000 NY Connecting 1st gu 414s A—.1953 F A 2,000 1st gtd 5s series B 1953 F A 4,000 N Y 6c Erie 1st ext g 4s.. 1947 M N 6,000 10,000 60,000 83,000 175,000 65,000 389,000 158,000 85,000 431,000 92% 93% 92% May 17 94% May 15 103 103% 104 May 2 103% May 12 2 on on 255,000 N Y C 0t H R g mtge 314s 1997 181,000 Debenture 4a of 1912..........1942 868,000 Ref & Impt. 4%a series A 2013 169,000 Lake Shore coll g 314s 1998 90,000 Mich Cent coil g 314s 1998 2,000 90% 90 Highest. Sale Prices. May 8 103 May 1 May 22 101 % May 4 May 14 88% May 28 May 7 102% May 31 May 2 95 May 5 1951 No 4 warr rect N J Junction RR gu 1st 4s. New Orleans Great Nor 5s A 21,000 N Y 8c Greenw Sale Prices. Lowest. 1% 20,000 1st mtge gold 5s series C 1956 F 44,000 1st 4Mis series D_ 1956 F 52,000 First 5>4* series A... 1954 A 6,000 Npt 3c Cln B gen gu g 414s 1945 J 1,000 N Y 8c Bklyn 6c M B cons g 5s...1935 A 147,000 N v Cent RR cook deb 4s 1935 M 2,490,000 410,000 Sale Prices. Ask. O A on Cons guar 4s.................1945 J IN O Tex & Mex Bid Ask ...1924 Naugatuck RR 1st g 4s 2,000 New England RR cons 5s 6,000 5 Nov 4 rsct gold 4s. Assenting cash Highest. 1% oo 1977 receipt warr Lowest. 1W No 4 recta Guar 4s Apr 1914 coupon 6,000 May 31. Sale 102% Sale 102% 100% 101 100% 101% 100 7 87% Sale 88% Sale 86% 101% Sale 102% Sale 100 91 94% 94% Sale 92% Sale 2<M>0 J D 1955 MN .. 1st gu g 1. 102 % ..1937 J Bid. 23,000 1. RANGE SINCE JAN. Jan. 2 EXCHANGE. 122,000 Mont Cent 1st gu g is 1st guar gold 5s 104,000 388,000 Morris 6c Essex 1st gu 3 Mis Constr M 5s ser A... 103,000 Constr M 434i ser B 297,000 71,000 Nashville Chat 0t 8,000 Nash Fla tc Shsff 35 EXCHANGE—BONDS 101 104% 104% 104% 109% 102% 107% 106% 102% 89% 97 101% 99% May 104% May 105% 104 May 104 May Sale" 108 May Sale 100% May Sale 105% May Sale 106% May Sale 101% May Sale 87 % May Sale 95% May May May May May May 103 May 107% May 106% May 103% May 91 May 97 May 104% Jan. 104% Jan. 83% Jan. 87% Jan. 6 100% May 11 84 Jan. 8 100% Apr. 24 100% Mar. 12 103% May 3 123% Jan. 5; 152 May 10 50 Jan. 6 75 Apr. 28 28 16 85 Jan. 101 Jan. 28 100 Jan. 2 31 29 31 15 24 1 29 103 99% Jan. 103 Jan. 88% 97% 103% 91 % 78% 83% Jan. Jan. Jan. Jan. Jan. Jan. 5 101% May 28 12 104% May 2 105% Apr. 4 105 Apr. 5 109% May 16 25 20 31 11 103 May 29 18 107% Apr. 20 2 106% Mar. 12 2*103% May 24 92 Apr. 19 97 May 29 ' EXCHANGE-BONDS N. Y. STOCK Sales in v Jan. 2 Ask. Bid. 24,000 Income 4s 41,000! 38,000, 278,000 1940 A O 1990 A O V —1974 F Peoria 9c East 1st com 4a (flat).. Pere Marq lat 5a 60 J M S 1st 4s Series B 104,000 lat A 4 4« aeries C 89,000 Phila Bait A Wash 1st General 5s Series B 39,000 Gen H 4V$a aeries C 172,000 472,000 1980 . p f 4a. a 8,606 25,000 Sale Sale A O A O 102 MN 101 1014 Sale MN F * D A A 994 M N 100 ....... 105", 000 123,000 391,000 Pitta McK A Y 2d guar Shep A L U 1st g First consol gold 5s. Pitts Va A Char Pitts A West Va 61,000 65,000 2,000 19,000 34,000 Sale I960 A O A.. 1948 ' D \ 1962 F A 90 M N 4s 1956 M 9 g 4s....1951 A O 35 75 83 Richmond Term Ry 1st guar Rio Grande June 1st guar g tRlo Grande Southern lat Sale 88 O Sale 75 102 106 36 87 4 May 107 107 Jan. Jan. Jan. Jan. 1014 Jan. 102 Jan. 103 May 11 105 M 96 4 1014 Sale Sale Sale 101 Sale 1014 924 77 48 914 Sale 1024 Sale May 11 102 98 1004 Jan. 1014 Jan. St Louis Iron 97 95 1933 J St Louis-San Francisco Ry 62 92 Sale 614 Sale 225,000 46,000 24,000 26,000 460,000 249,000 133,000 27,000 140,000 117,000 78,000 1,000 4,000 283,000 78,000 6,000 87,000 475,000 2,000 a|c * 31,000 12,000 * 14,000 368,000 84,000 * 7,000 3,000 6,000 374,000 458,000 24,000 294,000 543,000 770,000 281,000 "2,000 634,000 Certificates of deposit....... 1950 95,4 Certificates of deposit stamped- 89 88 2d gold 4a 80 Sale 734 184 184 184 Sale Sale 204 23 Sale 20 21 Sale 19 23 4 Sale 214 Sale May 744 May 100 May 1044 May 50 May 75 25 79 14 79 9 100 18 106 15 50 2 98 954 May 1004 May 101 May 1 103 1 103 1014 May 94 4 May MS . 73 Jan. 18 1014 May 4 95 May 9 7 68 Jan. 25 93 4 Apr. 27 444 Jan. 8 664 Apr. 14 994 Jan. 92 62 1 ♦ 47 86 Jan. 77 Feb. 73 May 18 Sale 18 Sale Sale 164 Sale 644 Sale 80 79 Sale 79 Sale Sale Sale 614 624 Sale Sale 56 4 29 Sale 54 Sale 26 Sale J 43 F A 24 J D J 44a_._. 1947 J 26 90 6i 72 534 Jan. 19 654 . Jan. 864 Jan. May 10 May 10 61 734 May 3 May 18 May 7 1004 May 29 May 7 894 May 7 90 88 May 4 May 4 88 24 614 St Paul E Grand Trunk Jan. 86 98 Sale 55 1941 82 68 Sale 47 1990 Jan, May 814 Jan. 60 18 4 214 41 1968 944 Mar. 7 4 20 204 J Gen A ref 5a series A Jan. Jan. 101 50 May 31 May 11 May 14 May May 904 May 1 57 May 24 Sale 16 20 „ J St Paul A K C Short L 1st 4 4® Apr. 29 794 Apr. 17 Apr. 25 80 100 May 9 106 May 8 May 15 50 9 914 Apr. May 31 98 May 11 103 May 14 103 80 Jan. 56 9 7 184 May 14 19 May 24 21 May 15 19 May 31 16 4 May 14 164 May 14 Sale 1952 J J St Paul A Duluth 1st consol 4s 56 56 May 1 May 1 May 9 May 8 May 15 9 1014 May May 9 95 164 }"J 1989 MN lat terminal A unlf 5a 8 1074 May 29 6 102 May 29 Jan. Sale 62 85 88 . 734 68 724 Apr. 794 Feb. May 22 604 May 10 604 May 12 514 May 14 25 May 14 95 May 8 744 May 24 80 May 1 574 Jan. 5 82 Apr. 11 28 Feb. Feb. Feb. Feb. 5 16 6 6 5 5 234 May 21 May 24 May 22 4 May 204 May 194 May 164 Jan. 4 144 Jan. 81 4 May 7 62 May 18 654 May 564 May 30 May 95 May 764 May Jan. 5 26 174 Jan. 8 30 18 Jan. 4 28 14 4 Jan. 6 4 254 Feb. 244 Feb. 644 Jan. 424 Jan. 2 4 48 Jan. 814 May 7 63 Apr. 26 694 Feb. 5 43 Jan. 24 Jan. 4 2 3 84 Feb. 13 63 Mar. 19 17 584 Feb. 58 extended to July 1 ........ Montana Ext 1st gold 4s Pacific Ext sterling guar 4s... 1940 J St Paul Union Depot 1st 5a 1972 J J D J ... San Ant A Aran Pasa lat guar 4s. 1943 J Santa Fe Prase A Phenlx 1st 5s.. 1942 M S 1989 MN 1950 A O J Seaboard Air Line lat 0 4a . 97 904 864 103 4 614 Sale 944 Sale Sale 97 94 Sale 974 1950 .... A Refunding g 4s ... guar 50-year 5s Sou Pac Co 4s Cent Pac coll Aug F A 1963 A J *49 O 1936 South A Nor Ala cons guar 5s_. . D 1st 4 4a (Oregon Lines) ser A.. 1977 M S Convertible 5s 1934 J D 1068 M 44*--- H M N May 1 1969 1981 M N 1950 A O Dan Francisco Term 1st 4s 1937 MN J 1937 J So Pac of Calif 1st cons 5s.. South Pac Coast guar 4a ....... Southern Ry 1st cons 5e._.. Devel A ... Gen ref a Jan. Jan. 17 1014 May 23 99 May 9 22 Jan. 10 1084 May 28 5 854 Apr. 13 101 604 Jan. 97 Jan. 8 106 4 May 7 Apr. 23 102 20 4 23 64 44 21 May 29 May 14 5 8 * 104 94 94 Sale Sale 94 May 22 9 4 May 25 84 May 12 23 6 * 204 Mar. 31 234 Apr. 25 * ♦ May May 15 5 Jan. 2 May 14 Apr. 21 74 Feb. 19 25 * * 94 May 124 May 114 May 74 Jan. 5 94 May 15 84 Jan. 2 * * * * May * * 11 Sale Sale 114 23 ♦ Feb. 164 Feb. 144 Feb. 13 Sale Sale 5 Sale 103 4 107 Sale 73 Sale Sale 83 Sale Sale 554 Sale 544 Sale 54 Sale 824 Sale 1004 674 684 Sale 67 4 Sale 974 Sale Sale Sale 4 May 12 "994 89 1956 A A 594 75 90 44 34 May 103 4 1034 May 107 May 1064 Sale 69 654 May 78 4 May 804 Sale 99 994 May 1004 62 May 634 Sale 62 May 624 Sale 62 Sale 604 May 96 974 Sale May 54 May 5 2 1034 107 73 83 4 1004 684 684 67 4 984 May 1 May 10 May May May May May May May May 11 Sale Sale" 994 May 26 884 May 15 994 May 23 904 May 1 Jan. 3 74 Feb. 6 74 Feb. 16 34 May 11 1004 Jan. 10 1034 May 10 4 107 May 1 91 Jan. 56 Jin. 634 Jan. 924 Jan. i* Jan. Feb. 5 844 Apr. 21 11 3| 744 6 2 1004 Apr. Feb. 72 Jan. 72 Feb. 524 Jan. 71 Feb. 5 20 3 824 Jan. 98 Apr. 16 Jan. 103 Jan. 39 101 99 Va 884 4 5 16 * * 104 4 104 4 100 96 4 17 99 Mar. 70 Jan. 86 Jan. 994 May 23 904 Apr. 39 894 1024 Sale Sale 714 Sale 65 Sale Sale 90 88 4 Sale 824 May Sale 804 96 Sale Sale 904 Sale 88 A 794 J J 71 64 M S 80 70 84 M S 57 60 1034 Sale 102 61 May May May 97 97 99 95 May 994 86 91 87 88 844 May 100 103 1014 102 1014 May 73 4 76 73 77 4 784 May 15 , 11 13 104 124 May 104 May 714 May 90 May 96 May 100 May 87 May 102 May 78 May 13 May 28 1 1 1 3 25 11 16 10 694 May 107 May 110 May 98 May 95 May 89 May 108 4 May 85 May 844 May 854 May 12 31 31 11 1 16 14 4 3 2 574 Jan. 75 Jan. 78 Jan. 804 Jan. 664 Jan. 84 Jan. 56 Jan. 94 Jan. Apr. 734 Apr. 90 May 96 May 100 May 87 May 102 Mar. 81 Apr. 17 Feb. 104 11 13 1 1 3 25 15 20 1 D g 5s 1936 M S 100 Sale 68 44s..1939 1004 1014 Sale 106 1064 64 Sale 106 110 Sale 107 4 954 904 884 1064 64 85 Sale 96 Sale 98 Sale 804 Sale 95 Sale Sale 88 93 4 85 Sale 64 2000 90 614 654 914 66 Sale Sale ....1943 Gev A ref 5s series C D 100 Sale 1064 Sale 1977 5s B. ser 99 95 Teias A Pacific lat g 5a. Gen A ref 5s 10 464 f gold 4s............1953 ser 9 B.1947 ser A or ............1944 I'eias A N O cona g ....1979 ..... For footnotes, see page 19. 7 Sale Sale Texarkana A F S Ry 54s ser A..1950 Gen ref 5s "934 87 lat gu g 4 4s...... 1943 2 Ry 1st M 6s cons 1004 894 a564 664 924 44 72 J Term RR Aasn of St L 1st g First Sale 1955 J 1955 J J Lewlaton 1st g 4s Sun bury A 12 4 1994 2 South Pac RR lat ref guar 4s Tenn Cent Sale Sale May * * 4 Certificates of deposit.. l«l Ry 104 94 23 * 23 4 104 54 84 26 20 1935 ...... Gold 44* with warr Gold 44a Sale 27 Jan. 94 89 1935 Certificates of deposit...... Gold 6 10 Sale 2 1064 Apr. 97 * May 1933 MS Atlan-BIrm Dlv 1st g 4s 1064 May 1 1014 May 23 99 May 9 1084 May 28 85 4 May 7 1064 May 7 974 Jan. * 22 4 6 15 O Certificates of deposit...... May May May May May May 1034 103 44 A Certificates of deposit...... 1st A cons 6s serlea A........ 1945 M S cons 844 105 4 * O A O I F Oct 1949 1959 A Adjustment 5s Gen 107 4 23 Stamped Series B 1004 994 1044 Sale 100 1004 85 4 984 89 107 4 109 Sale 79 4 84 Sale Sale 106 4 106 4 106 4 1064 1054 Sale * Certificates of deposit.. Certificates of deposit. 106 4 6 374 Feb. 21 95 May 8 764 May 4 St Paul Minn A Manitoba— 1943 J 1937 J 4 784 Apr. 23 1004 May 29 90 May 7 88 May 4 * 75 Sale J J 944 Jan. 84% Jan. * * 60 J Income bond..Nov 1989 St. Louis Southwest 1st g 4s_. Staten 10,000 ----- 86 J ..... 66,000 47,000 124,000 160,000 894 "80" O 19 1978 gea 4s series A 523,000 Devel A gen 6s series A i956 247,000 Devel A gen 64s series A..... 1956 494,000 1996 Memphis Dlv 1st g 5s. 14,000 St Louis Dlv 1st g 4s......... 1951 37,000 East Tenn reorg lien 5s 1938 8,000 Mobile A Ohio coll tr 4s...... 1938 27,000 1955 10,000 {Spokane Internet 1st g Ss._... 35,000 33,000 17,000 369,000 66,000 60 674 684 704 Sale 77 994 1004 86 4 ----- 624 73 4 88 Certificates of deposit........ Con M 4 4s aeries A Stamped Federal tax 315". 000 51 h 60 80 M N Prior lien 5a aeries B__ $S«aboard-All Flo 1st 6s A 101,000 52 J 1950 Sclo Vail A N E 1st guar g 4a 18,000 43 — Prior lien 4s series A 20 Mar. 29 2 107 4 May 31 S J ...1948 x7 106 2 Sale Mtn A South— River A Gulf Dlv lat g 4a 91,000 StLPeoAN Wist 5a 11 107 4 Apr. Jan. 94 1 60 J A 25 102 4 May 29 22 1024 May 22 20 70 ----- 2 24 714 424 Sale 974 1024 1 J 12,000 Rutland-Canadian lat guar g 4a.1949 1941 12,000 Rutland lat cons g 4 4s.. 4,000 St Jos A Grand Island lat g 4a..1947 5,000 St Lawr A Adirondack 1st g 5a.. 1996 2d gold 6s 1996 1,000 Jan. Jan. 98 1074 May 31 1074 May 29 102 May 29 1054 May 1054 May 100 May Feb. 99 5 1024 May 29 1024 May 22 1024 May 1014 May 105 May 5 zl00 May 100 * {Rock Isl'd Ark A Louis 1st 44a.1934 May 18 2 107 May 21 2 107 28 1044 Mar. 17 Jan. 25 994 Mar. 23 101 May 18 May 21 904 38. 1 J 1939 A coll trust 4s series A. 1949 814 Sale 74 J 1940 Rio Grande Western 1st g 4s 106"" 50 20 J 80 100 984 99 D 5a..1939 1922 coupon) (Jan M N M N 2 2 4a... 1940 106 1054 May Jan. 794 74 77 Sale 79 102 873 863 J 1941 614 56 J 5s..1952 May Jan. 994 994 95 4 1024 .1957 1997|2 26 Jan. Jan. 814 Apr. 18 194 Feb. 16 8 1014 May 31 89 May 21 8 9 784 Apr. 28 8 794 May 23 5 105 4 May 23 May 26 6 110 15 1034 May 24 2 314 Mar. 21 6 8 100 79 1997 ' 72 Jan. Jan. 1024 100 Sale . Jersey Cen coll con Sale 56 A ref 44s series A Gen A ref 4 4s series B lat 1074 1074 102 81 Gen Guar Sale Sale 79 Richmond A Mecklenburg lat 4a. 1948 179,000 99,000 Sale J O 7 134 May 3 9 1014 May 31 May 21 14 89 May 1 14 78 14 794 May 23 14 1054 May 23 May 26 1 110 8 1034 May 24 2 8 284 May 109 1054 1004 Sale 1st gen 4s ser . I 27 Sale 56 Rensselaer A Saratoga 1st gu 6a. 2,000 20,000 96 Sale 1105 1959 A O Providence Terminal 1st Read Co Sale 1004 May 824 May Sale Prices. Prices. 78 4 May May 31 May 8 10 Prices. Sale Price* Sale 74 May 75 4 May I 764 Sale 104 4 1054 1024 May 1064 May |1084 110 102 May !l034 105 106 D A Providence Securities deb 4a 89", 000 410,000 236,000 93 86 .. 1st 4Ua ser . Sale 2 , 1054 1054 1064 1064 Sale 103 4 1IO6 1054 100 .....100 934 964 11024 1004 1014 Sale 11024 11004 1024 1004 106 1084 1054 1084 92 lat mtge 44" series C A Ash 94 O Sale 2 N lat guar 4s. lat gen 5s series B. D 1940 A 1943-1 .1943 M ..1958 J 5a . 1st mtge 44a series B Pitts Y I A J ...1934 J 6s Pitts ----- 8* ::::: ll*::::: MN F Sale ; 984 A J . "i',666 78 Sale 1024 284 954 Sale 234 F Sale 74 106 4 90 2 A...1946 1942 Con 4 4§ series C guar g 1942 Con 4s series D guar g ..1945 Con 3^1 series E guar g 1949 Con 4s series F guar g 1953 Con 43 series G guar g... 1957 Con 4s series H guar g —,.1960 Con 4hs series I guar g. —.1963 Con 4 4« series .1 guar 1964 Gen guar 5s series A... ! 1970 General g 5a ser B_ 1975 General 4 4s series C ....1977 88 Sale 100 J ..... Sale Sale 794 Sale 1044 105 J C C A St L guar g 4H« ser Con 4 4*s series B guar g; "~7~ 666 1977 1937 . . 2 63 13 544 534 Sale 1014 102 194.4 M.N 1974 F A g 4s 99,000 Philippine R> lat 30-yr 22,000 23,000 J J 104 84 144 1004 1024 101 88 94 854 J .1956 Series \ A .1956 Un lat Peoria A Pekln Ask. Sale 74 78 77 60 ..... Ask. Bid. Bid. Highest. Loir est. Highest Lowest May 31. 1. May 1934. EXCHANGE. STOCK Y. N. Value. JAN. 1. RANGE SINCE PRICES IN MAY. Price BONDS May. 1980 J D 65 1064 854 894 Sale 84 86 4 Sale 84 854 108 89 Sale May May May May May May May 804 Sale 80 80 794 May 794 May 76 4 Sale 80 4 May Feb. 46 Jan. 1004 Jan. 1014 Jan. 82 Jan. 75 4 Jan. 64 Jan. 914 Jan. 64 Jan. 65 Jan. 65 Jan. 28 100 Feb. 28 694 May 107 May 110 May 98 May 97 Apr. 90 Apr. 1084 May Apr. 87 864 Apr. 864 Apr. 12 31 31 11 11 26 14 24 12 12 Sales in n. y. PRICES IN MAY. Price BONDS May. Value. Tex May 1934. 5m A..1964 M S 5a....1935 J Western Dlv Iat g 5a.. 1935 A O General gold 5a 1935 J D Pac—Mo Pac Term Toledo 5c Ohio Cent iat g ... O 1950 A Tol St L & Weat 5f-yr ft 4a Tol W Va & Ohio 1st guar 4a C..1942 MS 34", 000 Tor Ham 8c Huff lat 4a 717,000 634,000 247,000 Flrat 5c refunding 4a D J 100 M 8 ..June 2008 .....1968 J gold 4i Vandalta conaol 8 1955 F 4a A....... « D M UNJ RR 5c Canal Co gen 4a. ...1944 2,000 J 1967 J lat lien 8c r*2 5a Cousol 4a Series B A _ M N Southwest lat guar 5a....2003 J First cons 5s ....1958 A J Va A O M N 423,000 Virginian Rj lat 5a aer A.......1962 lat mtge 4%ii series B 106,000 1962 150,000 | Wabash RR 1st gold 5s 1939 Second gold 5s... 90,000 1939 M N ........ 90 M N F A 15",066/ Det 5c Ch Ex lat g 5a Dea Molnea Dlv . Omaha Dh 1st g 314a I Tol 5rChlc Dlv lat 1941 g 4s Sale 59,000| 34,000 127,000 4Ha C none* 59% 556,000 245,000 87,000 145,000 790,000 233,000 60,000 30,000 17,000 Wash Term iat guar First 8c ref ... Western Pacific 1st 5a Weat Shore lat 4a guar..... 8 2361.J 23611J Registered 55 May 102% May May May May May May 25 85 May 15 108% May 28 2 102% May 24 15 93% May 21 79 May 96 96% 50 15% Jan. 14% Jan. 12 Jan. 5 Jan. 16 15% Jan. 29 26 23 ~2"l" 24 Sale 19 20 20 Sale 20 May 14 May 28 May 14 May 11 79 P Sale Sale 80 102% 82% 35% Sale 71% Sale W 75 65 93 86% Sale 39 41 86 86 14 90 15% 12 8% 88% 92 84% 95% 105% 99% 37% 85% 80% Sale Sale 101% 85% 94% Sale 106 Sale Sale Feb. 16 96 May 25 9 55% Apr. 55 Apr. 2 6 16 Jan. 16 26 3 2 15 Jan. 5 14 Jan. 3 77 May 15 76 May 11 May 18 79 May 18 99% May 29 100% May 28 79 Apr. 93 Jan. 79 81 85% May 96 May May 101 May 38 May 85% May May 97% May 101% May 98% May 57% May 101 May 101 May 17% May 13% May 66 May May May May Sale 101 Sale May Sale 36% Sale May Sale 85% Sale May 82 79% 81 May 97 94 98 96 May 100 100% Sale 101% Sale May 98 99% 97 97% Sale May Sale 57 54 Sale 53 May 100 104% 100% 101% 100 May 99% Sale 98% 100 98% May 18 17% 14 13% 16% May 10 13% 14% 13% 10% May 51% 66 51% May Sale 6 May May May 20 97 Feb. Jan. Jan. Feb. 15 Sale 79 1 Apr. 60 Jan. 45 23 Mar. 16 25 108% May 28 102% May 24 95 Apr. 20 83% Apr. 24 Jan. 45 Apr. 17 Apr. 24 87 56% Jan. 70 29 5 29 29 3 12 Feb. 90 1 24 100 90 74 Mar. 23 102% May 5 25% May 25 93 101 May 12 21% 25% 21% 79 102 20 76 86 Feb. 97% Jan. 2% Jan. 98% Jan. 75% Jan. 67 Jan. 99% Jan. 1 Sale "20% 95 5 107% May 9 100% Apr. 2 101 % May 2 114 May 3 95% Apr. 2 105 May May "20% Sale 99 22 26 Sale 17% Jan. 96 May 25 55% May 53 May Sale 26 82 27 9 16 18 20 90 Sale 25 Jan. 90% Apr. 5 103% May 20 102% May 26 101% May 3 86% Apr. May 25 53% May 14 53 May 1 21% 25% 21% 21 90 Sale Prices. 2 20% May 12 53 V 73% Jan. 67% Jan. 60 Sale' Wheel ALE Ref 4 m aer A 1966 M S Refunding 5s aer B 1976 M S 73,000 Wheel A L Erie RR 1st con g 4a.. 1949,M 8 33,000 Wllkeo-B 5c East lat gu g 5a 1942.J 9,000 Wtlmar 8c Slouz Falls lat 5a.....1938, J .—I960 J 9,000 Winston-Salem S B lat 4a 49,000 tWisconsin Cent lat gen g 4a 1949 10,000 Sup 8c Dul DIt Ac Ter lat 4a...1936 10,000 Worcester 8c Conn East Ry im.1943 106% 100% 88% 73% Sale A 1946 M A aer 4 Sale" 17% 1977 J 1937 Ji J 1943 A O 5m series A "96" Sale O A F A A O 9 101% May 29 26 18 9 May 60 53 15% 1945 F West N Y 8c Pa lat g 5s.. General gold 4s 80 73% 1948IQ M lat 40-year guar 4s...........1945 Weat Maryland 1st g 4a... 1952 80 102% 90% Sale 76% Sale Sale 46% A ..—2000 F 3m Sale Sale 95 67 94% Jan. 97% Jan. 107% May 29 99% Jan. 89 Jan. 100% May 31 89% Jan. 101% May 29 114 May 29 102% Jan. 82% Jan. 95% May 31 105 May 12 100% Jan. 97 83 81% 108% Sale 98 Certificates of deposit.. 1,000 Wash Cent Ry lat g 4a 107 101% 93% 75% Sale 93 Sale Sale ...1980 AO Ret 8c gen 5s series (> Sale 55% 17% A 7 101% 101% 101 May 101% 4 3% May 103% 104% 102% May 102 "88"" 98% Certificates of deposit.. 2,000 Warren 1st ref gu g 3%s 20,000 1. Highest. Sale Prices May 101 3% 102% Prices 94 103% May 98% May 100 May 110% May 93% May 104 May 94% Sale 86% 58 1978 94% 104 84% 94 Sale 82 101 84 114 97 Certificates of deposit Hen Sale 91 Sale "40"" Ref 5c gen 5a (Feb'32coup) B..1976 F Ref A Sale Prices May 12 90% May 2 103% May May 1 102% May 16 May 11 101% May 18 May 29 86 May 102 106% Sale 100% Sale 101% Sale 76 Certificates of deposit 229,000 Sale 55 gen 5%« A... 1975 Sale 88 Lowest. Highest 100% May 102% 100% 101% 101% 86 Sale 80% 100 99% 93% 95 94% 101 Sale "65"" 1939 1941 142,000 tWabash Ry ref 5c Sale 102 70 1941 . 1st g 4a... 1 sk • 89 Sale I Sale 101% 102% 102% 103 68 65 100 83 76 54 Lowest. 110% 113 94% Sale 104% ; 92 May 31. Ask. Bid Bid. 100 89% Sale 89% Sale 102% Sale 84% Sale 100% Sale 92$ ?!* 1. 104% 99% Sale 1st lien 50-year gold term 4a..1954 14,000 3,000 67% MN 1957 2,000 Vera Cru* 5c P Asstg lat 414a. 1934 3,000 Virginia Midland general 5a ..1936 "56,666 82% 66% 1946 1 Gold 4Ha 40 year Sale 97% 97% 92 85 60 June 2008 M 8 [ 4 s*. 68 94 92 1947 J ... Union Pac RR 1st 8c land gr g 4a. 61,000 327,000 4,000 RANGE SINCE JAN. Jan. 2 stock exchange. Bid 51,000 27,000 10,000 19,000 33,000 37 EXCHANGE—BONDS N. Y. STOCK JUNE, 1934.] 92% 105% 99% 34% 83% 79% 96% 106 70 % 31 80 22 11 102% 85 19 30 1 68% 2 65% 7 85 12 93% 26 2 86% 2 39% 10 100 90 23 14 2 10 2 66 9 J an. Jan. Jan. Apr. Apr. 26 25 4 79 Apr. 4 15 100% May 28 8 2 86% Apr. 96% Apr. May 101 May 46% Feb. 86 Apr. 82% May 97% May 101% May 100 Apr. 59% Apr. 101 % Apr. 101 May 22% Feb. 17% Feb. 66 May 16 106 Jan. 4 J an. 18 Jan. 6 Jan. 3 Jan. 25 Jan. 22 Jan. 2 Jan. 12 Mar. 29 Jan. 29 25 28% Apr. 26 24% Apr. 20 28% Apr. 26 25% Apr. 21 28 Apr. 20 23% Apr. 7 77 May 15 18 May 12 Jan. 9 May 9 19 19 11 19 6 24 7 12 26 12 13 11 23 16 19 9 industrials— iVbltibl Pow 5c Paper lat 5a.....1953 J 5%» 1943 D Abraham Ac Straus deb 164,000 25,000 63,000 23,000 473,000 362,000 1,100,000 27,000 220,000 1,000 133,000 3,000 106,000 71,000 1,036,000 32,000 286,000 91,000 9,000 1,156,000 252,000 58,000 10,000 440,000 499,000 505,000 179,000 830.000 With warrants ......... Adams Express coll tr g 92 ... 1948 95 57 Albany Perforated Wrap Paper 6a 1948 Allegheny Corp coll tr conv fa.. 1944 Sale 99% Sale 53% Sale 46% 44% Collateral and convertible 5s.. 1949 Collateral Ac convertible 5a 93% 62 1952 4a Adriatic Rlec Co external 7a 1950 R9 Alplne-Montan Steel 7a... Amer Beet 1935 Sugar deb 6a cone 6s extended to Feb 1 N 8 American Amer 8c ForelgnPower 5s__ American Ice a f deb 5a Amer Internet 1953 Corp conv 5 m_-1949 J Amer Macn Ac American 35 98 Fdy a t gold 6a....1939 A Rolling Mill cony 5a ..1938 Sale Sale 55 Sale i I 76% Sale 98 85 Sale O 103 96 100 105 S D J 20-year sinking fund 5 Ha 1943 MN Convertible debentures 4Ha.. 1939 J ......1965 F J A Sale 106% 105% Sale 103% Sale 105% 106% 102 102% 102 Sale Sale 105% Sale 103% Sale Sale 1940 1944 M 8 M N 6s oerlea A...1975 Amer Writ Paper 1st g 6a..... ..1947 J J 131,000, AngloChilean Nitrate 7a........1945 MN 1,000 Ark 3t Memp Bdge Ac Term lat 5a. 1964 M 8 Ac Co. lat real estate 4Ha 1939 J lat #%• 1943 J 64% Sale 40 43 4 6 D '88% Sale" J 699,000 328,000 Armstrong Cork conv deb 5s.....1940 J D 22,000 Associated OH 6% gold notes... 1935 M S 5,000! Atlanta Gas Light lat 5a.... 1947 J D J 86,000 Atl Gulf 5t W i SS Line coll tr 5a.l959 J J 136,000 Atlantic Refining deb 5a.......1987 J 102% 104% Armour 5c Co of Del 13,000 Baldwin Locom Works 1st a f 5a..1940 M 1942 J 99,000 Batavlan Pete gtd deb 4%e 1948 J 121,000 Bell Telephone of Pa lat 5s B Flrat 5c ref 5s series C ....I960 A 139,000 97,000 Beneficial Indus Loan deb 6a....1946 M 191,000 Berlin City Electric deb 6 Ha....1951 J Deb sinking fund 6HS........1959 F 123,000 Debenture 6a 1955 A 149,000 N J J O 8 D A O 84 Sale 86 88 20-year pur Ac Imp a f 5a......1936 J Bing 5k Blng a f deb 6 m I960 m IBotany Cons Mills 15,000 * * J 8 f 6Ha..1934 A Sale Sale O sec a Stpd as to payment of 3435 part red M ^Broadway Ac 7th Ave lat con 5s.1943 J 20,000 Brooklyn City RR lat 5s 85,000 Brooklyn Edison Inc gen 5a A.. Gen mtge 5a aeries E 119,000 1,485,000 Bklyn-M Tr R T Sec 6a.... 106 84 5s stamped ... Conv deb 5 H> 64,000 50,000 - J 1952 J J 1968 J Debentures gold 5a lat lien 5k ref 5s serlea B For footnotes, see page 19. 96 83 84 106% 106% Sale 101 Sale 103 1103% Sale 107% 110% .108% Sale Sale Sale Sale Sale 44 84% 87% 50% Sale 13% Sale 83% 89% 98 Sale 95 Sale 98 Sale 103% Sale 59% Sale 106% Sale 113 99 102% Sale 30% 30 34 * 32 11% 31 14 14 24 22 Sale 64% 43% 40% 99% 81% 4 99 1 *86% 29 87 28 103 12 55 9 76% 28 99 12 87 2 107 14 107% 102% 107% 107% 109% Sale 100% May May May 10% May 12% 85 Sale 30 Sale 11 86 ISS 90 87% 97% Sale 94 92% 97% Sale 97% 103% 104% 103% 100% 100% 57 ~59" 57% 98% Sale 106% 107 106 May May May May May May May May 14 14 31 14 8 8 15 14 1 21 24 3 52% 110 Sale 102% 36% Sale 53 48 48 Jan. 83 110 56 25 22 4 22 18 12 Jan. Mar. 36% May 90% Jan. 56* Jan. Jan. 80 64 12 Apr Jan. 93% Jan. 35 Jan. 62 Jan. 83% Jan. 67% Jan. 26 4 22 31 19 5 23 4 21 23 May 3 May 9 May 29 May 24 May 4 May 8 May 8 May 10 45% May 2 54% May 26 108 May 16 113% May 1 102% May 2 103 May 11 105 Jan. 95% Jan. 99% Jan. 104% Jan. 101% 105% 103% 5% Jan. Jan. Jan. Jan. 107 Jan. 103% Jan. 35 Apr. 100% May 64% Jan. 29% May 5 Jan. 83% Mar. 87% Jan. 82 86 Jan. Jan. 104 68% Apr. Apr. 69% Apr. 46 Apr. 40% May 99% May 81% May 99 12% May 26 17% May 1 4 7 Mar. 22 74 May May Apr. Apr. Apr. 86% 90% 103% 59% 79% Feb. 99 May 87 Apr. 107% Mar. 116% Feb. 105 May 107% May 28 13 19» 20 22 4 22 18 12 24 18 18 21 9 28 17 19 22 31 11 104% Apr. 10 6 109 Mar. 8 8 108% Mar. 12 Ill 113 May Feb. 4 8 108% May 23 40 Apr 20 111 90 62 17% 90 99% 96 Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. May May Apr. Apr. 21 19 23 9 23 12 10 23 2 21 24 19 103% Jan. 102 107% Apr. 24 95 50 Jan. Jan. Jan. 102% Jan. 106 106 84 Jan. Jan. Jan. 116 Jan. 25 112% May 29 114% May 24 108 Apr. 24 44% Apr. 65% Jan. 20 43% Mar, 67 Jan. 20 42% Mar. 65% Jan. 19 40% Apr. 99% Jan. 74 Feb. 14 99 30 Jan. Jan. 8 Jan. 115% Mar. 13 103 30 May 11 Jan. 19 20 Apr. 28 * 15 Apr. May 98% 104% 100% 61% 107 102% Jan. * 17% Sale Jan. 51% Jan. 44 §88 105 Jan. 94% Jan. 107% May 87 May 52% May 14% May 87% May May 22 May 3 7 98% May 104% May 2 100% May 21 60 May 1 107 May 29 107% 108% 112% 114% 93 62 23 37 104% * 5 Sale Sale Sale 46% Sale 99% Sale Sale 108 11 83 29 108% 14 68 12 70% 107% Sale 107% May 103 103% 105% 107 May Sale 111% 112% 109% May Sale Sale 114 112 May 105% 103% 104 103% May Sale 49% Sale z46% May 24 48 44 45 44% May 25 Sale 44% Sale 3 43% May Sale Sale 84% 103 % 1109 Sale * * 76 105% 107% 107% Sale 93% Sale 58 M N ♦ 85% Sale 107% 109 * 75% "76" 107% Sale 110% Sale 160 98 Sale 104% 104% * 82% 85% 107 108% Sale 108% 108% 107% 99 100% Sale 86 May 1 May May 8 109% May May 3 109 May May 17 102 May 72 Jan. 95% Sale 93% Sale 110% 111% 112% Sale 117% 117% 91% May 10 96 May 2 110 May 14 112% May 31 117 May 10 117 May 10 102% 103 107% Sale 102% May 25 104 May 4 107% May 1 108% May 14 104% Jan. 108 Sale 101% Sale 65 70 65 70 60 ..... 158 103% 108% * * 77 105% Jan. 105% Jan. 93% Jan. 57 Mar. 57% Feb. 75% Jan. 106% Jan. 110% Jan. 65 J 1950 J D 1957 MN * * * 70 JA M N -.1936 J 74 Sale Sale 50 8 1949 J 152,000 Brooklyn Union El 1st 5a 1950 31,000, Brooklyn Union Gaa Co lat f 5a.1945 3,000 1st Hon 8c ref 6a ser A 1947 Sale Sale Sale Sale D J F ' 74 96 May May May May May May May May May May May May May May May May May May May May May May ♦ 1941 J 1941 J 50 108 Sale 59 58 59 Bklyn Queens Co Ac Sub gtd 5s.. 1941 M N 1st 52% Sale 107% 110% 109% 107% 33% 99% 102 102% Sale 106% 108 O Certificates of deposit—.... A Bowman-Bilt Hotels 1st 7s......1934 80 86% Sale 82% 102% 102 82% 103 Berlin Else Kiev Ac Undgrd Rya— 1st 6H« 1956 A O Bethlehem Steel lat At ref 5a g A.1942 M N 82 98 1043^8 107% 95 51 104 36% 95% 81% Sale 106 Sale 106 108 103% Sale 65 98% 102 Sale 73 1960 J 845,000, Armour ! Sale 87 103 Sale 35-year aink fund deb fs_. 10 yr conv coll tr 5s | 94% 67 30-year coll trust 5a...........1946 J Debenture gold 99 105% Amer Tel Ac Tel Conv 4a ....—.1936 M Debenture 5s 80 84 Smelting 8c Ref 5a set A... 1047 Amer Sugar Refg 15-year 6a 1037 May May May May May May 37% Sale 37% 95% Sale 93 81% J Amer 7 103% May May 2 109 May 3 108% May 16 111 108 May 8 110 107% May 3 108% Sale 37% Sale 63 67% 1949 M N American I G Chemical 5 m 105% 67 61 80 ..2030 Sale Sale Sale "73% 93 Sale 68 61 Sale 2 104 8 105 3 107% Sale 97% 77% "60% "70" 5-year 6s .........1938 Cyanwmld deb 5a... 1942 99 Sale Sale 1940 Amer Chain 80 Sale Sale 53 103 May May May May May May May May May May May May May May May May May May May May May May 82% 100% 65% 68% 68 90% 70% Sale 80% 70% 63% 43% 27 1937 M 1955 M Amer Water Works 8c Klec 81,000 481,000 276,000 104 Sale 106% 109 Certificates of deposit Allia-Chalmera Mfg deb g 5a. JAm Type Founders 6s ctfs 2,136.000 92,000 591,000 103% Sale Sale Sale 98 Feb. Jan. * 86 Apr. 23 109% Apr. 14 110 Apr. 14 102 Apr. 23 60 Feb. 9 8 57% Feb. May 2 112% May 31 117% Apr. 13 96 158 Feb. 6 104% Mar. 14 108% Apr. 16 EXCHANGE—BONDS N. Y. STOCK 38 Sales in Price N. Value. Y. 1 Bid. Ask Sale 101 1981 76,000 Buffalo Gen Elec4%i see B 1952 30,000 tBush Terminal Co tat 4a Conaol 5a 1955 107,000 44,000 Bush Term Bldgs 5a gu tax ax...I960 33,000 By .Product Coke lat 5%s •«* A-.1945 43% 12 % 46% 60% 00x8 96 % 2% _ Chill Clearfield Bit Goal lat 4a 19,666 Colon Oil conv deb 6s_. 92 Sale Deb gold 4%s Debenture gold 5a Sale 80 Sale 101 97 100 1956 Crown Willamette Pap lat a f g 6a Crown Zellerbacb deb 6a w w 43% Sale 103% 91% 97% 100% 100% Sale 52% 73% 97% 79% 1951 1940 M Sale 77 Sale Sale Sale 70 J gold 4%s 51",666 61,000 212,000 aer 84 77 18 187.000 Goodrich ( B F) Co lit 6 %a 1947 87% Sale 104 100 May 104 101 % May 107% May Sale 104% 88% 75% 72 68 4 34 May May May May 14 May 14 86 May 18 95% May 1 106 May 25 102 May 3il09% May 56% 29% 87% 87% Sale Sale ^Sale 9% Sale Sale 58 Sale 95 Sale 104 Feb. 2 Jan. 69 70 Jan. 66% Jan. 73 Jan. 90% Jan. 101% May 103 109% May 31 16 104% May 15 97 Jan. 39 Apr. 60 May 8 May 8 16 May 25 21 1 107 May 15 106 May 3 101% May 99% May 2 104% May 103% May 3 106% May 104% May 107% May 22 106% May 12 Jan. 25% Mar. 11% 101% 90% 97% Jan. Jan. Jan. Jan. 24 100 Jan. 88 22 2 72% May z91% May 103% May 92 100% Jan. 70 May Jan. 52 May 1 2 75% May 95 May 15 106 May 25 5 95% May 95 May 1 94 May Jan. 75% Jan. 97% Jan. 79% Jan. 70 May 104% May 31 102 May 15 103% May 29 4 102% May 102% May 11 8 107% May 8 107% May 108 May 31 103% May 18 107% May 22 105% May 10 93 May 2 5 107% Feb. May 5101: 2 104% May 26 106% May 2 108 Apr. 2 96% Apr. 2 81% Apr. 9 95 May 2 106 May 2 95% Apr. 23 2 94% Jan. 89% Jan. 101% May 101% May Sale 100 May May May May May May May May May May May May May 102 85% 80% 3 98% May 22 107% May 31 108% May 12 105% May 29 121 May 7 54 May 31 53% May 29 May 51% May 51% May 96 * Jan. 8 102% Apr. Jan. Jan. Jan. Jan. Jan. 12 102 % Apr. 16 2 107% May 8 89 97 Jan. 10 103% May 18 2 107% May 22 2 105% Apr. 20 Jan. 98% Jan. 79% Jan. 94 Feb. 74% Jan. 101% Jan. 102% Jan. 2 107% May 8 4 108 May 31 3 100% Jan. 110 Jan. 45% Apr. 47 Apr. * 105% May 29 May 7 3 69% Jan. 23 4 69% Jan. 23 9 121 83% Feb. 23 May 64 May 75 Sale 104 May 12 Mar. 16 3 60% Jan. 6 64 Jan. 51% Jan. 67% May 65% May 15 May 106 101 Jan. 5 100% 100% May 107% 107% 106% May 101 100% Jan. 102% Jan. 10 May May 110 May 34% May 27 30 29 May 93 Sale 90 May 15 93% May 3 52 5 79% Jan. 104 Feb. 16 89 81 Sale Sale 75 96 May 3 94% May 31 May 10 105% May 31 1 71% May 12 75% May 104 79% Jan. 102 59 100 Sale 50% May 54% May 28 Sale 49 55 Sale May 1 May 105% May 94% May 87% May May 52 46% May 104% May 93% May 85 May 28 81% May 10 84 May 29 67% May 3 106 May 25 102 Mar. 24 110 May 19 Feb. 9 93% May 3 41 9 104 8% Sale 60%. Sale 104 84 Sale 99 Sale Sale 91 95 Sale 8 2 9% May 60% May 25 May 58 May 103% May 83% May 98% May 91 May * 105 May 18 May 4 3 5 2 95 Jan, 2 72 Jan. 9 89% Jan. 89 Jan. 17 81% May 11 78% May 7 89 May 17 102% May 23 57% May 31 70% May 29 36% May 23 8 May 7 68% Jan. 31 65% Jan. 26 Jan. Jan. 3 39% Jan. 15 99% May 91 May 9 8 Feb. 21 May 22 Feb. 21 2 11% Feb. 19 7 63% Mar. 105 May 18 90 Apr. 20 100% Apr. 20 95 Apr. 6 * * * Mar. 15 Jan. Jan. * Jan. 55% Apr. 5 1 89 9 Apr. 26 5 105% Apr. 16 2 77% Apr. 12 6 102% Apr. 24 97 * 3 Feb. * 48% Apr. 23 65 48 Apr. 21 63% 45% Apr. 23 63% 8 106 103% Jan. 8 76 Jan. 94% 4 68% Jan. 89% * * $ 26 29 28 22 18 Jan. Jan. Jan. Apr. 11 May 11 80 % May * 105% Sale 94% Sale 85% Sale jfc 4 Jan. 19 18 3 22 2 80% May 81% May 84 May Jan. Apr. 2 107% Mar. 15 2 109 Apr. 13 * 81 80 93 10 102 May 2 98% May 87% May 76% May 16 86 May Sale 7 2 104% May 31 15 102 Apr. 24 10 104 Apr. 27 77 Sale 26 21 24 15 25 28 Apr. 28 22 107% May 84% May 84 3 2 3 87% 96% 96% 96% * 103% May 120 May 94 14 5 Mar. Jan. 103 Feb. * * 103 7 Jan. 103% Jan. — . Mar. 101 7 Sale * 82 59 Apr. 24 33% Feb. 23 88 Apr. 20 88 Apr. 21 88 Apr. 21 95% Apr. 27 106 May 19 17% Jan. 107% May 87% Sale 99% Sale 91 17 12 17 2' 44% May 29 80% 78% 95% 96% 94% 104% 106% 105 74 75% Sale 102% 103% r53 Sale 54% 55 47% 53 104% 93% 86 % Feb. Apr. Apr. Jan. 30 109% Sale 65 2 83 2 2 101 58% May 28 21 24 1 5 1 1 19 9 31 * 47 26 17 14 20 25 5 112 2 Jan. May 66 55% 74% Sale 89% Sale 89% Sale 67 19 69% Apr. May 71% Apr. 5 110 Apr. 2 105% May 10 Jan. 92 Feb. 33% Apr. 24 5 107% Feb. 25 2 108 May 26 Jan. 56 Apr. 17 12 5 98% Jan. 43 12 4 9 2 3 104% May 15 76 106 100% 102 106% 107 2 103% Jan. 96 Apr. 3 101% May 2 103 May 42% May 16% May Sale Sale Jan. Jan. Jan. Jan. Jan. Jan. Jan. May 75 Sale * 3 3 105% 2% 18% 104% 104% 45% 101% 52% 1 7 8 26 19 17 3 1 25 90 78 67 12 107 103% May 100 99% 102 107 107% 106% 106 106% Sale 108 Sale 106% 101% 103% Sale 106% 106% Sale 104% Sale- 104% 92 92% Sale 96 99% Sale 93% 97% Sale 106 107% Sale 108 108% 105 83 108 62% 68 77% 78 102% Sale 59% Sale 99% 100 52% 50% Sale 66% 14 107 93% May 103% Sale 91% Sale 101 51 80 104% Sale Vky* 79 22 78 14 * 85% 64 2 112 May May May May May May May May May 107% 106 105%*. Sale 66% 10 May May 84 103% 104% 120 124 118% 54 Sale 51% Sale 51% Sale 51% Sale Sale ..... Convertible deb 6s 1945 357,000 819,000 Goodyear Tire 5c Rubber lat 5a .1957 3,000 Gotham Silk Hosiery deb 6s....1936 * {Gould Coupler lat 15-yr a f 6a. ..1940 Sale 108 76% 1948 Certificates of deposit. 219,000 41,000 Good Hope Iron 5c Steel aac 7a..1945 120 74 40 51% 100 101% 100% 100% 100% 108 J J {Gen Theatre* Equip deb 6a... ..1940 Sale 63% * Sale Sale * "59%::::: 94,000 Gen Petroleum 1st a f 5s..Aug 15 1940 * 70,000 General Public Service deb 5V$a 1939 J 1949 " 209,000 Genl Steel Castings lat 5)4 a * Sale 106% Sale 59% 1945 . Sale Sale 92% Sale 96% 101 80 A.1952 1940 105 80 100 55 1942 7j Sale 55% 1947 Debenture 6%s S t deb g 6s. Sale 110 1940 General Elec deb g 3%s General Elec (Germany) Sale Sale 100% 1943 f g 5 %s A 106 107% 102% 106% 106% 107 * Gaa 5k Elec (Bergen Co> 5a......1949 Gelsenklrchen Mining 6s 1934 a 104 97% Sale 78 _ General Cable 1st 104 Sale 102 Sale 94 107 102 101% 98% 10,000 Ernesto Breda Co lat mtge 7a....1954 1 1942 28,000 Federal Lt 5c Tr 1st a f 5s 5s International series 1942 20,000 First I a f 5a stamped 1942 67,000 lat lien a f 6a stamped....... 1942 20,000 30-year deb 6s series B 1944 18,000 32,000 Federated Metals conv 7a.......1939 .......1946 24,000 Flat deb a f 7a 31,000 Frameric Ind 5k De* 20-yr 7%s..l942 1943 7,000 {Francisco Sugar 20-year 7%a. Genoral Baking deb s f 54s Sale 100 74% Sale 102% Sale 101% 102% 8 107% 1 108 * 103 101 32 23 May 11 51 40% 43% Sale 17% 19 18% Sale 15 19 16% 20 106% Sale 106% Sale 100 Sale 100% Sale 103% Sale 103% Sale 104% Sale 104% 105 Sale 107 107% Sale 90 K 89 94 Sale 73 a75% Sale 93 91 91% Sale 105% Sale 103% Sale Sale 94 95% 96 94 94 Sale 92% 106% Sale May 101 % May 103 May 24% May 29 82% May 16 - 90 Sale 90 86 84% Sale 94% 95 95% Sale 105% Sale 104 Sale 101% 101% 101% Sale 108 Sale 109% Sale 100% 98% 103% 104% 104% 37 7 103% Jan. 86% Jan. 4 96% Jan. 9 99% Jan. 103% May 25 107 58% May 11 Sale 55% Sale 24% Sale Sale 86 1 1 , 66 86 97 — ... Gen Amer Investors deb 5a Sale 89% Gan 5c ref 5s aarles B 1955 Gen 5c ref 5a aer C 1962 44,000 Gen 5c ref 4%s aeries D— 1961 325,000 Gen 5c ref 5a aeries E ...1952 127,000 1940 617,000 Dodge Broai f deb 6s _..19a2 28,000 Dold (Jacob) Pack lat 6a.. 20,000 Donner Steel lat ref 7a aer AA-..1942 102,000 Duke-Price Pow (Ltd) lat 6a A.. 1966 179,000 Duquesne Light 1st mtge g 4 %s A1967 1st M g 4 4a aeries B._ ...1957 24,000 $ Eastern Cuba Sugar a f 7%a 1937 1939 38,000 Ed El III Bkn lat con g 4a 1995 15,000 Ed El 111 N Y 1st cona g 5a 99,000 Elec Pow Corp (Germany) 6%s..l950 lat sinking fund 6%s.. 1953 40,000 38-000 100,000 87,000 114,000 Sale 103 83% 96% 96% Sale Apr. 12% Jan. 50 5 51% May 14 58% May 79% May 1 82% May 29 May 24 100 May 1 101 * "85" "89" Stamped as to Pa tax Detroit Ediaon Co 5s Series A. ..1949 Gannett Co deb is aeries A 50 54% Sale 101 64 Sale Sale 90 94% 89% 1951 ref 5s 82 Sale 104 32% Sale 52% Sale Sale ♦ 1969 .....1969 lat 5c ref 4%a Sale Sale Sale 101% Sale 70 1971 Delaware Pr 5c Lt 1st M 4%s 49% 12 {Cuban Cane Products deb 6a... 1950 1937 I 159,000 Cumb T 5k T 1st 5c gen 5s 43,000 Sale 101 1947 Denver Gaa 5c El lat 5c Sale 96 f 6a lat mtge 20 91% 101% * 50,000 10,000 14,000 26,000 17,000 103,000 69% 1951 1V51 Copenhagen Telep extl a 31% May 106% May May 108% 107 108 61 May 62% Sale May 110% 110 110 63 58% May 62 103 May 105% Sale 104 May 105% Sale 30% 107% 48% May 83% May May 31 5 Sale 5 87 Sale 103 Sale 87 Sale 71 f g 6s.1946 1943 f g 5a.. 1954 15-year deb gold 5a Sale 68 Container Corp of Am lat a Sale 58 70% 1936 Sale 79% 100% 41% 50% 55% 28% llV* 70 / Consumers Power 1st Hen 5s C..1952 Sale 65 68% 32% 1945 1951 ..........1957 a 106% 104% A..1968 1940 ..1938 Conaol Gas (N Y) deb 5%s Crown Cork 5k Seal Sale Sale Sale Sale Consum Gas Chic lat guar g 5s 110 52% 96% 98% {Conaol Coal Md 40-yr 5a.......1950 Certificates of deposit Sale 65% 108 Sale lat a f g 7s 34% 107% 108 Sale 107 Sale 56 Stamped guar 4%s.... Conaol Hydro-Elec 6% 33 19 al00% 103 56 " May 31 22 May 26 43% May 14 79 May 21 Sale Prices. 5 106% May 31 Feb. 19 24 60 11 26% Feb. 21 60% Feb. 23 43% May 14 Mar. 16 ;61% Jan. 8 88 Jan. 99 5106% May 31 May May 14 50 Sale Prices. Sale Prices Prices. 104% May 2 107% 106% May Sale 100% May 17 102% May 3 Sale 1 103% 102% May 107 Sale Sale 43% Conn Ry 5t Lt lat g 4Ha 23,000 118,000 43,000 300,000 714,000 314,000 29,000 57,000 98,000 68,000 94,000 106,000 88,000 78,000 107 Sale Sale Sale 104 50,000 {Colo Fuel 5c Iron Co gen a f 5a.1943 172,000 Colo Indua lat coll tr 5a gu..—1934 1952 255,000 Columbia Gaa 5C Elec deb 5a Debenture 5s Apr 15 1952 22,000 Debenture 5 a..........Jan 15 1961 375,000 1957 149,000 Columbus Ry P 5c L lat 4%s Secured conv g Sj^a..........1942 39,000 24,000 Commercial Credit 5%s aer A...1935 146,000 Comm'l In* Truat con* deb5%s_1949 ~2, 000 106% 100% 102% 102% Sale 15% 108% 1947 Copper deb g 5a Cin Gas 5c Elec lat mtge g 4a 104% 104% 106% Sale 50 Sale 56 Sale 20 Sale 21% Sale 46 % Sale 48% Sale 70 80 83% Sale 104% 87 Sale 99% Sale 21,000 Cal Gaa 9c El Corp unlf & ref 5a..1937 1940 202,000 Calif Packing con? deb 5a 44,000 Calif Pet conv deb a f g 5a—....1939 Con* deb a f g 5 1938 49,000 Camaguey Sugar Co— 1st 7s ctfs of deposit..........1942 13,000 17,000 Canada Steamship Llnea lat 6a. 1941 19,000 Central Dlat Tel lat 30-year 5a...1943 ...Jan 1957 23,000 Cent Hud G 8c E lat 5a 1951 153,000 Cent 111 Elec & Gaa lat 5a 5,000 Central Steel lat sink fund 8a.-.1941 1948 127,000 Certain-teed Prod a f g 5 Ha A. 1,116,000 Chea Corp conr col tr g 5a May 15 1947 Chic Gaa L 8c C lat gu g 5a 1937 120,000 {Chicago Rya lat 5a stamped Aug 1 1932 25% part paid 1927 .....—; 1943 92,000 Chllds Co deb 5a 439,000 257,000 13% Sale 64 Sale Ask Ask. Bid. Bid. 1. Highest. Lowest. Highest. Lowest. May 31. 1. May 1934. 8TOCK EXCHANGE. RANGE SINCE JAN. PRICES IN MAY. 1 Jan. 2 BONDS May. * , Gt Cons El Pow (Japan) 7a. lat 5c gen a f g 6 %s 88,000 68,000 Gulf States Steel deb S%s 1950 74,000 Hackensack Water 1952 1944 32,000 1942 1st 4a 48,000 Hansa S S Line* 6s with warr 89,000 Harpeo Mining 6a with warr 18,000 Havana Elec Ry cona g 5a Deb 5 4a series of 1926 9,000 1939 1949 1952 1951 {Hoe (R) 5c Co lat 6%a aer A 1947 Sale 67 Sale 78 Sale 71 87 88 96% 72% Sale 40 Sale 53 55 28% 32 6 64,000 Houston Oil aink fund 5%s 404,000 Hudson Coal lat a f 5a series 19,000 Hudson County Gaa lat 5s 308,000 Hum jle Oil 5k Refining 5a 1940 A..1962 1949 1937 122,000 Illinois Bell Telep 1st 5c ref 5a A.1956 1940 256,000 Illinois Steel deben 4%a (laeder Steel Corp Mtge 6a 1948 80,000 (nd Nat Gaa 5k Olbref 5s 1936 13,000 Inland Steal 1st M a f g 44s A... 1978 290,000 lat m a f 4%a aer B 1981 326,000 For footnotes, see page 19. 12% 81% Sale 80% Sale 76 88 40 66 68 39% Sale 104% 107 103% Sale 105% 102% 53% Sale Sale Sale "85% "87"" 86% Sale 79% May 75 May Sale 86% May 101 102 100% 101 May 51% 55 52% May 57% Sale 69 64% May 64% 66 34 49 36% "45" 34% May 8 9% 7% 8 7% May * 1934 Holland Amer L 6s Iftat) 69 * 37% 86 Sale 96 23 5 102% May 23 Jan. 3 29% Jan. 7 Jan. 19 53 14 23 Feb. 89 5 57% 70% 36% 9% May 29 May 23 Feb. 1 v * * May 31 25 81 83% 80% 45% Sale 40% 108 109% 112 105% 105% 103% Sale 103% ..... May 5 65 Jan. Jan. 105% Feb. 103% Jan. 2 109% May 17 May 45% May 11 47% May 28 105% Jan. 102% Jan. 41% Apr. Sale 108% Sale 108% Sale 106 Sale 106% 106 46% Sale 47% Sale 100 101 100% 97% Sale 97% Sale 97 Sale 96% Sale 87 May 12 May 4 45% May 31 May 8 110% May 18 May 24 105% May 7 43% Sale 110 71 87 Apr. 79% Apr. 107% May 105 May 15 106 100 May 96 % May 96% May May 8 99% May 10 98% May 9 2 101 4 3 39 Feb. 86 Jan. 85% Jan. 94 Apr. 24 51 Feb. 5 111 Apr. 11 105% Apr. 24 88 110% Mar. 9 106% Apr. 25 59% Jan. 22 101 Apr. 30 99% May 10 98% May 9 8? Sales in j .1966 j 749,000 tlnterboro r t let Ac refit. It-year 6% notes .1932 a o Certificates of deposit..... 10-year 7% notes a932 ms Certificates of deposit..... 2,ooo 35,000 39,000 Interlake Iron 1st 5s ser Int Agrl Corp 1st & coll tr 5s— 64,000 Stamped extended to 396,000 Int Cement cony deb 5s 644,000 Internet Hydro el deb 6s 92,000 Int Merc Marine 1st s f 6s 147,000 Intern Paper cony 5s series a.. 293,000 Refunding 6s series a 457,000 Intern at tat deb a • Convertible debenture 4^1.. 860,000 Il95i Ask Sale 66 344 314 59 65 .1942 m n 62 Sale 1948 m n .1944 a o .1947 j .1955 8 794 Sale 404 Sale 414 48 56 4 584 384 40 .1952 j 49 o .1941 .1939 j 58 Sale Sale .1955 a 52 Ask. Bid. 105,000 Investors Equity 5s a ..1947 Deb 5s ser b with warrants—. ..1948 24,000 Without warrants ..1948 6,000 d 824 324 + 32 34 764 78 904 Sale 664 Sale 594 Sale 804 Sale 664 Sale (b pi 1st 524 Sale Kendall Co 54« with warrants. .1948 Kings Co Elevated 1st g 4s Kings Co Lighting 1st ref 5s 59 574 Sale 54 Sale 974 98 97 98 97 100 101 1004 101 734 Sale 8 19 Sale o m s j 50 524 504 Sale 744 744 734 104 "Sale .1997 120 .1949 <, 75 Sale 90 .1935 j Keystone Telephone 1st 5s Kings Co e l a Pow gold 5s.... .1937 Purchase money 6s Sale 62 88 j .1942 a Kelly-Springfield Tire 6s 504 76 81 m .1946 g 6s. ser 844 May 26 914 May 24 May " 604 May 60 81 ..... Keith Corp May May May May May May May May May May May May 89 o KansasCy Pw a Lt lstfiHs ser b1957 j 73 125 77 101X 103 4 1074 130 80 904 .1954 1st a ref 6^8.. .1954 Kinney (g r) Co conv 7tfs .1936 Kresge Foundation coll tr 6s._. .1936 83 Sale 12 4 Sale 96 4 99 634 Sale 98 Sale 12 14 24 14 14 14 14 14 22 14 11 106 Sale 1064 1064 93 4 1084 Sale 964 Sale 354 Sale 294 174 704 534 93 4 784 1064 136 86 108 116 984 984 4 May May 67 804 67 4 604 674 654 May May May May _ May 29 98 ; May 97 May 974 May 106 1054 May 1064 May 94 May 31 304 May 24 30 Sale 244 May Sale 68 Sale 67 4 May Sale 50 Sale 484 May 94 94 Sale 92 May 79 794 764 May 107 107 1064 May 136 1364 145 May Sale "87"" 91 854 May 1064 1074 1064 May 1174 1144 1174 116 May 100 994 984 May Sale 1064 107 964 May 94 384 Jan. 7 * 11 674 Jan. 78 Sale Sale 97 8 16 21 31 31 28 May May May May May May May May May May May May May May May May 29 19 7 23 31 19 25 9 1 194 May 2 % 354 31* 94* 814 107 1374 91 1064 1174 99 984 2 75 60 734 91 61 Sale 32 * 694 734 Sale ! 743 74j 584 574 964 964 1st m ..1961 f a Kansas Gas a el 1st mtge 4 his. ..1980 j d Knrstadr (r) Inc 1st Mtge 6s... ..194.1 m n Certificates of deposit 324 May May 14 May 16 65 594 8 Jan. * 71 70 Sale 65 724 Feb. $ * 73 Sale Sale 734 734 324 May Prices. 3 654 Jan. 704 May * Sale Sale Prices. Sale Prices. Sale Prices 654 May 14 * o ...... 20,000 129,000 298,000 62,000 232,000 105,000 95,000 66,000 23,000 14,000 56,000 191,000 4,000 11,000 16,000 160,000 Ask. 684 Sale * Sale Deb gold 5s 924,000 1. Highest. Lowest. Highest. Lowest. May 31. 704 Sale * 674 Sale 1. Bid. * un . May 1934. Bid. s RANOE SINCE JAN. Jan. 2 S 5; n. t. stock exchange. PRICES IN MAY. Price fe-S BONDS May. Value. 39 EXCHANGE-BONDS N. Y. STOCK •June, 193d.] Jan. 8 774 Mar. 21 62 Jan. 2 794 Jan. 404 Jan. 2 844 May 91 4 May 694 Apr. 63 4 Mar. 824 Apr. 73 Apr. 65 Apr. 734 Apr. 694 Apr. 98 Apr. 98 Apr. 98 Apr. 2 44 Jan. 574 384 484 574 Jan. Jan. Jan. Jan. 4 52 Jan. 2 4 4 3 4 824 Jan. 2 Jan. 22 88 874 Jan. 26 1004 Jan. 1004 Jan. 724 Jan. 19 Jan. 2 Jan. Feb. 10 744 Jan. 734 Jan. 3 48 104 Jan. 5 26 24 21 15 20 20 9 6 20 27 26 26 3 1064 Mar. 28 4 108 4 May 21 5 964 May 31 164 Feb. 28 51 Feb. 3 8 2 122 Jan. 4 75 Jan. 11 1034 Jan. 25 354 May May 72 Apr. 594 Feb. 954 Mar. 814 May 107 May 1374 May 91 May 108 Apr. 31 28 13 6 16 19 7 23 31 23 Jan. 4 120 Mar. 15 814 Jan. 18 100 3 100 Apr. 25 Apr. 10 108 82 4 Jan. t Kreuger a Toll class a 198,000 62,000 Certs of dep for sec 5s Lackaw Steel 1st cons ... 5s .1959 a..1950 m ser Laclede Gas l ref a ext 1st 5s 1934 a 66,000 * 2,000 * 88 Sale Sale j o54 764 j 764 a 78 794 83 4 794 a 374 45 61 a 37 43 1974 a 584 564 1938 j 1944 o 1951 a 1941 o 1951 o 55 364 85 804 1204 Sale 1064 Sale Sale 1951 a 1952 m n 89 914 Sale 1124 994 884 514 f a j d 59 Sale 844 n Sale 52 60 97 4 88 60 56 93 4 94 4 126 1274 125 * 1124 Sale Sale Sale 1114 112 Sale 994 90 97 119 1204 1204 106 1064 1024 Sale 1044 83 824 83 Sale Sale 122 Sale Sale 85 May May May May May May May May May May May May May May 2 8 14 29 8 14 1 25 8 99 29 31 z894 120 2 1054 3 102 1 83 May 2 l¥4 934 May 14 134 May 14 97 12 4 Jan. 97 May May May May May May May May s* May 59 56 May 954 May 128 May 1124 May 1014 May 98 May 121 May 1064 May 1054 May 854 May 914 654 654 174 984 974 894 85 50 Apr. 50 4 Jan. Jan. * 864 MAy 23 May 21 564 584 56 4 53 4 61 61 101 85 91 53 93 128 o 1944 5s 214 Mar. * * 3 5 5 4 21 81 Jan. 21 80 Jan. 9 10 3 15 10 1 18 2 9 24 794 Jan. 28 16 7 914 694 694 194 994 994 Jan. 814 Jan. 1194 Jan. 106 Jan. 85 Jan. 854 Jan. 1124 Jan. 994 Jan. 88 Jan. 51 Jan. 50 Mar. Jan. Mar. 28 Mar. 27 624 Apr. 59 May 56 May 97 Apr. 1284 Apr. 1124 May 102 Apr. 98 May 121 May 1064 May 1054 May 854 May Jan. 424 Jan. 40 May 3 Apr. 23 Apr. 23 Apr. 9 91 Jan. 54 Jan. 40 5 1064 May 31 30 28 3 15 30 30 18 14 9 24 28 16 7 1941 Proof of claim filed by owner wesson a Bobbins deb 54s mc 1950 vi f 74s ...1942 a Certificates of deposit.. Stamped Oct 1931 coupon on..1942 a o Certificates of deposit.. .... a o 184 ^ o 4 Certificates stamped modified 94 + 10 584 Jan. 1 184 May 1 10 Feb. Jan. 39 Sale 39 33 Sale 33 94 82 72 4 55 71 42 Sale 354 38 82 90 844 d 60 65 72 56 75 71 Sale 90 4 78 Sale * 5 20 Apr. 26 18 20 Feb. * 19 * May 29 May 31 May 12 514 May 1 42 May 1 35 May 9 82 May 12 42 4 Jan. 31 514 Apr. 21 37 71 46 4 May 28 97 864 Apr. 12 * Sale 72 9 66 5 * * * Feb. 3 * * * 8 d May 22 May 2 164 50 2013 j 84 6 184 May * * 63 * 20 15 18 * 3 574 May 14 774 May 14 * Sale 184 61 814 Sale * 514 Sale o 1953 m 59 574 594 834 Sale 444 Sale 36 394 304 35 1990 a 4s 87 4+Sale 7 .... 148,000 {Manhattan Ry (n y) con g Certificates of deposit 55,000 2d 4s 5,000 1,000 Manila el Ry a Lt 1st 5s, 88 Sale 1064 May 31 * 644 Sale 154 Sale 97 4 98 4 974 984 50 j 164 May 31 1054 May * 86 4 924 89 614 Sale 614 Sale 13 4 Sale 984 Sale 97 4 984 1964 Lou Is v Gas a el 1st a ref 5s s 534 164 Sale 1064 Sale % 64 a Lower Austrian Hydro-Elec 6 4s. 1944 tManari Sugar 1st 51 1954 tMcCrory Stores deb gold 5 4s 80,000 789,000 a 1944 ... 194 Sale * o 1954 Cons sink fund 4 4s ser c... 11,000 Lehigh Valley Coal 5s 1st a refunding 5s. 15,000 1st a refunding 5s 7,000 First a ref sinking fund 5s 50,000 Secured 6% gold notes... 24,000 121,000 Liggett a Myers Tobacco 7s 5s 119,000 202,000 Loew's Inc deb s f g 6s 134,000 Lombard Elec 7s series a 67,000 Lortiiard (p) Co deb It 191,000 23,000 194 106 894 Certificates of deposit 6,000 Coll a ref 5^s series c 284,000 1953 Col a ref g 5 his ser d 48,000 i960 832,000 Lautaro Nitrate Co Ltd 6s 1954 29,000 Lehigh Coal a Nay 4^s ser a—.1954 18,000 f Jan, 3 46 Feb. 30 Jan. 9 40 Jan. 82 May 12 97 Mar. 17 60 774 Feb. 1 9 22 7 29 29 3 44 68 Jan. Jan. Jan. 53 94 Jan. Jan. 77 Jan. Jan. 8 25 1 Mfrs Trust Co ctfs of partic In 7,000 22,000 52,000 a i Namm & Son 1st 6s Marlon Steam Shovel Street Market a 1943 j f g 6s 1947 a o 45 Sale Apr 1940 q j 70 Sale 1945 m Ry 1st 7s 80,000 Mead Corp 6s with n 53 91 4 Sale warrants 37,000 Meridional Electric 1st 7s ser a—1957 53,000 Metropolitan Edison IstAref 5sc.1953 136,000 1st g 44s series d. a J 1068 m o J 93 4 774 Sale 8 71 56.000 Met Water, Sewer a Drain 54s..1950 a o * {Met West Side Elev (Chic) 4s... 1938 f a 10,000 Mlag Mill Mach 1st s f g 7s n 1956 43 369,000 213,000 Mldvale St a Ord conv s f 5s 1936 m Milw el Ry a Lt 1st a ref 5s ser b 1961 1st mtge gold 5s 150,000 272,000 Montana Power 1st a ref 5s a Deb gold 5s series a 72,000 ... j 8 d 1971 j j 1943 j 1962 f . d j 75 80 Sale 53 1074 1094 77 Sale 914 1004 1004 974 Sale 954 86 Sale 89 904 914 81 904 z86 894 Sale' Sale 80 8 Jan. 9 914 May Apr. 14 * 56 794 Jan. Jan. 96 Mar. 2 1024 May 1 854 May 18 85 May 18 984 May 4 814 Apr. 26 Jan. Jan. 53 Mar. 19 984 May 29 May 29 924 Mar. 9 89 78 974 Jan. 57 Feb. 7 6 81 4 116 10 Jan. 50 61 2 * 8 514 May 514 May 102 1 1024 May May 84 Sale 83 854 May 18 May 85 81 May 18 824 Sale May 944 May 15 984 May 4 974 Sale 75 754 74 May 1 May 17 79 514 Sale 1024 Sale 974 Sale 71 * * * 504 68 1024 Sale 834 Sale 79 Sale ..... * 974 Sale 644 Sale 624 Sale 78 794 52 4 54 4 874 Sale 96 * 60 50 Sale 88 79 914 May 56 May May 79 May 108 May 984 May 89 May 914 May May May May May May May May May Feb. Montecatlnl Min a Agr Co Inc 74,000 103,000 5,000 Deb 7s 1937 97 4 ...1941 General a refunding 5a a 1955 Gen a ref 5s series b .......1955 Gen a ref 8 f 44s ser c 1955 964 g Mont Tram 1st a ref a 5s Gen a ref 122",000 65", 000 s f 5a Morris a Co 1st s d 1955 f 4 4s 1939 73 4 84 4 1966 204 1934 88 ser Mortgage-Bond Co 4s series 2. Murray Body 1st 6 4s 4,000 Mutual Fuel Gas 1st gu 5s 10,000 Mutual 73 4 73 4 66 4 98 4 Sale 75 85 Sale 40 90 ...1947 m n 80 95 ,lo41 m n 85 93 53 4 54 97 974 1004 1004 84 814 75* ' Sale 994 Sale 814 834 86 814 76 754 814 "84"" 964 Sale Si** 31 May 31 974 May 994 May 31 1004 May 91 984 Jan. 23 Apr. 21 824 Apr. 23 954 Jan. 824 Apr. 74 101 754 May 22 Jan. 74 Jan. 5 754 May 754 May 22 83 754 May 22 85 31 95 55 Union Tel 5s 86 91 1034 1024 "964 1034 97 Sale 96 Sale 94 May 2 974 May 31 May 3 97 1034 1034 May 16 104 1024 1034 1024 May 14 103 95 Feb. 974 Apr. 13 844 Jan. May 7 May 26 May 12 88 Jan. 95 Jan. 97 Feb. May May May Mar. 13 534 Jan. 654 Jan. 784 Jan. 3 100 Feb. 21 25 1054 Apr. 28 5 1034 Mar. 14 Namm (ai)&Son—See Mfrs* Trust Co 38,000 Nxesau Elec guar gold 4a stpd 1951 1,000 National Acme 1st mtge 6s.... 1942 882,000 National Dairy Prod deb 54* 1948 711,000 Nat Steel 1st coll 5s ....1956 Newark 181", 000 113,000 142,000 135,000 236,000 281,000 48,000 110,000 146,000 119,000 80,000 33,000 84,000 13,000 1,000 30,000 6,000 22,000 54,000 19,000 29,000 30,000 74,000 218,000 65,000 69,000 105,000 Consul Gas 5s 91 1948 Newberry (j j) Co 5 4s 1940 1st g 44s series b._ n j Pow a 1961 Light 1st 44s.. m 19c0 a n o New Orleans V s 1st a ref 5s a...1952 1st a ref 3o b 106 101 Sale 70 Sale Sale 414 43 424 Sale 514 Sale 1955 n y Dock 1st gold 4s Serial 5s g notes Sale 1034 884 New England tat 30-yr 5s a...1952 1951 .1938 38 n y Edison 1st a ref 6 4s ser a..1941 1st lien a ref 5a b 1944 39 1104 Sale 106 Sale ..1951 106 1064 .1948 1st lien a ref 5s series c__ n y Gas el Lt Ht a Pow 5s 107 Sale Purchase money coll tr g 4a 1949 n y l e a w Coal a rr 54s....1942 m n Dock a impt ext 5s j 1943 j 994 Sale n y Rys Corp inc 6s Prior lien 6s series a 84 66 5 4 4 Jan 1965 Apr '..1965 j n y a Rich Gas 1st 6s a.. ......1951 m n' tn y State Rys 44s a ctfs 648 ser b ctfs New York Steam 1st ks ser 1962 85 87 94 68 98 3 1962 a..-.1947 m n 1st mortgage 5s 1st mtge 58 j 103* Sale" .1951 m n .......1956 m ny Tel 1st Agent f44« 1939 m 99 984 n! 974 Sale n 1034 Sale d 514 Sale 63 504 1134 1074 1074 1114 1044 924 994 8 65 1054 34 34 108 1054 104 Nlag Lock a Ont Pow 1st 5s a 1955 K o 91 94 Niagara Share deb 5 4s..... 1950 m n 50 Sale 1947 m n 454 Sale 544 n y Trap Rock 1st s f g 6s.. ..1946 3 20-venr t f 6s Certificates of deposit For footnotes, see page 19. 594 90 65 944 Sale 944 1024 1024 Sale 1084 1104 1084 102 4 1024 Sale 1114 Sale 1134 1094 1074 Sale 86 Sale 87 4 Sale 63 594 63 Sale 594 1064 584 1014 704 Nordeutsche Lloyd (Bremen)— 178,000 14,000 624 86 784 Sale 48 Sale 60 Sale 88 Sale Sale Sale 1024 Sale 1114 Sale 107 4 Sale 834 Sale 594 Sale 594 624 60 4 Sale 49 484 Sale 1144 Sale 1084 1084 109 Sale Sale Sale 96 594 May 10 624 May 2 86 934 May 15 954 102 May 1 103 86 444 1134 1074 Sale 109 107 4 1134 1144 1114 1054 Sale 1044 88 95 89 102 100 994 103 Sale 64 74 64 70 65 654 68 Sale 1054 1054 4 34 34 4 44 109"" 1084 1094 1074 104 4 106 1044 Sale Sale 1034 1044 103 4 Sale 1054 1084 Sale 55 594 564 Sale Sale 102 104 1014 Sale 66 674 Sale Sale 51 55 474 Sale 52 533 473 May 4 2 5 91 9 1034 884 15 31 1054 31 101 694 31 414 9 404 9 50 23 37 2 9 1094 29 1054 24 1054 26 107 994 16 754 16 87 5 64 1 63 26 96 3 14 7 24 9 10 1024 984 1 974 4 29 103 51 7 90 23 50 1 May May May May May May May May May May May May May May May May May May May May May May May May May May May May 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 14 May 28 May 25 May 2 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 624 Apr. 86 May 96 Apr. 103 May 110 Apr. 1044 Apr. 1134 May 1094 May 874 May 65 Apr. 65 Apr. 27 2 20 9 14 12 31 31 31 24 25 Jan. 67 Mar. 14 Jan. 58 Mar. 9 May Apr. Apr. Apr. May ok Apr. 1004 Apr. 94 Jan. 9 28 11 23 16 24 21 Mar. 7 Jan. Jan. Jan. Jan. Jan. Jan. Feb. May Apr. Jan. Jan. Mar. 1144 1104 1094 1134 1054 70 18 Apr. 23 5 May 7 9 44 May 106 Jan. 110 Mar. 27 Jan. 106 Apr. 23 Jan. 105 Mar. 16 Jan. 1084 May 29 Jan. Jan. Jan. 454 Jan. 2 474 May 28 63 Feb. 24 102 4 May 23 6 724 Feb. Apr. 574 Mar. 73 Sales in N. Y. 1934. Bid. 6Hi A North American Co deb 5» 268,000 80,000 North Am Edison deb 5a Deb 5%s ser B 206,000 Deb 5a series C 109,000 78,000 170,000 42,000 96,000 52,000 49,000 23,000 28,000 4,000 37,000 Nor Ohio Trac Be Lt gen — 1940 M S 1961 F A A... 1957 M aer 63 O 1941 A O Norwegian Hydro-El Nit 5H« Sale 91% Sale 95 % 96 80 78 % 1957 MN Ohio Pub Service 1st 8c rsf 7Hs.. 1946 A 1947 F 1st 8c ref 7s series B Sale 75 1941 A let A ref 6s series B 64 Sale 57% M O 90 "78% A 1944 F A .1943 F A 101 Ontario Transmission 1st 5a .1945 H N 81 15 Ontario Power N F 1st 5a Old Ben Coal lat g 6a .1941 M 66 y8 1946 J 12,000 Pacific Coast Co lat g 5a.. 180,000 Pacific G 8c E gen 8c ret 5s ser A...1942 J 1936 M 30,000 Pacific Pub Serv 5% g notes .1937 J 155,000 PacMcTel A Tel lat 5s .1952 M 109,000 30-year 5a series A * .1940 J {Pan-Am Petr (Cat) lat g 6a. Certificates of deposit 45,000 1951 241,000 Paramount B'way 1st 5 Certificates of deposit 106,000 D 30 100% 101% 66 % 70 104% 105% J 8 J N Sale 106 27% Sale Sale 30 30 Sale Prices. Sale Prices. May May May May May May May May May May May May May May May May w* 87 92 83% 100 101% 105 81% 105% 102% 19% 107 104 84 52% 40 Sale 36% 105% May 38% May 105 106% May May 83% May 15 90% May 1 107% May 106% May 1 110% May 107% May Sale Sale Sale Sale Sale 106% 107% Sale Sale Sale 106% 89% 107% 110% 43% 45% 45% 86 85 ----- 45% May May 22 1 38% May 1 38% May 42 44% Sale 47 40 Feb. 16 8 91 Apr. 61 62 J an. 3 88 56% 74% 89% 94% Jan. 20 31 23 6 23 28 9 47 47 May May * 30 Sale 49 Sale 49 29% leasehold 6Ht.. 1953 Park-Lexington Sale 48% Sale 50 Sale 15 20 j""j .1949 M 8 .1937 M N 102 9% 26% 103% 86% Sale Guar 3%s coll tr rej ctfa ser A. 1937 M S 1941 F A Guar 3%a coll tr ctfa ser B Guar g 3Hs tr ctfa series C... 1942 J D 90 19 108% 96% 100% 8% 22% Certificates of deposit........ 1944 AO deb 6s conv Jan. Jan. 78 15 Jan. 101 Jan. 69% Jan. Jan. 25 Feb. 3 23 2 108% May 26 17 109% May 25 8 86 May 4 2 May 29 59 Jan. 40% Apr. May May May % Apr. 100% Jan. 67 50% 46% May 16 52 2,000 Paterson 8c Passaic G A E 5s 55,000 Pathe Excto deb 7w with warr 18 31 26 Sale Sale 47 Jan. 104% Jan. 105% Jan. 98 96 24 28 17 20 ♦ Jan. 12 30 30 Jan. Jan. 2 2 46% Apr. 24 47 May 5 47 May 7 28% Jan. 4 54% Apr. 16 * May 52% May 9 16 May 9 18 May 29 May 11 31% May 108% May 108% May 94 May 8 97% May 29 31% 28% 109% 20 28 1 5 7 * * May 22 15 Apr. 11 May 26 5 Jan. 28 Jan. ao 15 107 8 103 Jan. 101 * Certificates of deposit 5.000 Parmclee Trans Jan. . * D J Proof of claim filed by owner.. 3,000 Jan. 89 {Paramount Pubiix Corp 5%s... 1950 FA 578,000 Jan. May 4 Ap if* Ap;. 9 86 6 102 Apr. 10 103% May 8 106 May 78% May 23 * * * 45% 38% 38% Sale Prices. Sale Prices. 12 5 24 28 17 28 36 40 35 Highest. 22% Jan. 63% Jan. 10 3 31 10 7 28 28 9 1 31 26 7 26 25 4 29 May 28 36 87 86% May 25 Sale 90 88 84% May 8 88 Sale 90 Sale May 3 92 90 84 Sale 80 Sale May 31 80 Sale May 1 102 101% Sale 100 Sale 1 103% 103 103% 101% May Sale Sale May 1 106 105 106 Sale 78% May 23 81% 81% Sale Sale Sale 106 104% May 22 106 Sale 100 May 10 103 103% 17% May 31 19% 17% Sale" Sale Sale 107 May 1 108% 108 2 109% 106 106 109% 104% May 86 Sale 86 z83% May 29 82% Sale Sale 2 59 57 52% May * 25% Highest. 34 36 Sale 31% Lowest. Lowest. \ Ask Ask. Bid 36 Sale 30% * D May 31. . 6a.. 1947 Proof of claim filed by owner.. Certificates of deposit...... 267,000 Sale 23 % ...... {Paramount-Famous-Lasky * 101% 72% 28 8 Steel sec g 6a series A 17 Sale 101 1963 M S Oslo Gas 8c filec extl sfgSa 1. Bid. 26 Sale 65 % 61 8 May Ask 20 Aug 15 1963 F A Nov 15 1969 MN Ac ref 5a. 1947 North Statea Power 5a A 440,000 Otis 1. Jan. 2 STOCK EXCHANGE. No Amer Cement deb RANGE SINCE JAN. PRICES IN MAY. Price BONDS May. Value. 13,000 EXCHANGE-BONDS N. Y. STOCK 30 29 54% Apr. 16 Jan. 9% Jan. 16 22% 23% Mar. 31 35% 103% Jan. 8 109 85 Jan. 3 ' Mar. 23 Apr. 12 Mar. 14 Apr. 25 Pennsylvania Co— 5,000 5,000 9,000 50,000 18,000 5,000 568,000 73,000 Pirelli Co (Italy) conv 7s 143,000 977,000 Porto Rlcan Ai Penn Pow A Lt 1st M «%■ 1981 .1943 Refunding gold 5s ...1947 Phlla Company secured gold 5s.1967 Phlla Elec Co 1st 4%a 1967 1st A ref g 4s 1971 Peoples Gas A Coke 1st 6s A A M J M J 86 95 J 85% Sale Ptllsbury Flour Mills 26-yr 6s 82% 100% Pocahontas Con Coll 1st s f 5a Port Arthur Canal A Dock 6s 100 Sale 83 Sale 101% 66 Sale 101% 102 93% Sale 50% Sale 40 Sale Sale 105 106 102% 65% Sale 74% 69 61 94% 106 101% 63% 48% 99% 106% 100 Tobac conv 92% 94% 86 89 64,000 Rhine-West Elec Power 7s.. 95 Sale J J J 78 Sale 92 Sale 91 92 35 Sale 48% 53% Sale Sale 44 Sale J J 49% Sale 89 * * J F A F M I Sale D 101 A 101% Sale 93% Sale O 90 92% A 87% 88% 8 105% 106 105% 106 101% Sale 99% Sale 98% Sale 93% Sale 78% Sale 96% Sale M N 78 Sale 101% 91% A 85 Sale 100 J 74 Sale M 8 77% 58% Sale 45 Sale 61% 55% 55% 56% Sale Sale Sale Sale 64 19% 22 54% Sale 100% 101 33 203,000 Royal Dutch deb 4s with Ruhr Chemical O J ..1953 F A A O Cons mtge 6s with warrants...1955 Calif MN F A M S M S 1945 A O warr 1941 1937 .1955 1937 51.000 St Joseph Ry L H A P 1st 5s 10,000 St L Rky M A Pac 5s stmpd 8,000 St Paul City Ry Cable 5s.. Guaranteed 5s...... 101,000 San Antonio Public Serv 6s MN MN J J ...1937 J 1952 J 1946 J Stamped (July 1933coupon on).. 98 102% 30 . 1939 M 8 1941 J 1954 F 41.000 Southern Colorado Power 1st g 6s '47 J 667,000 Stand Oil (N J) deb g 5s..Dec 15 1946 F 373,000 Stand OH (N Y) deb 4Hs {Stevens Hotel 1st 6s oerles 4. 38 102% 101% 84% 105% 105% 64% 1960 J Jan i960 A Jan. 88 Jan. 57% Feb. Jan. 95% Mar. 12 6 57% Feb. 32% Jan. 45% May 63 34 100% Jan. 5 100 Jan. 93 Jan. 90% Jan. Jan. 87 78% Jan. 106% May 18 106% Apr. 11 3 102% May 16 100 Apr. 19 98% Apr. 25 96% Apr. 20 Mar. 37 Apr. 17 * Il2% Sale Sale * * Mar. 2 132% Sale 109"" 110 72 Sale 96 93% 50 68 75 68 Sale 95% 96 38 97 95% May 39% 39% May 41 45 May 41 41 May 41 41 May 62 May 14 74 98 100 May 97 May 98% 98% 97% May 96% 40 38% 40 100 100 38 36 36 36 50 73 Sale 98% Sale 99% Sale 97% Sale Sale 97% Sale 98% 66 72% 75 74% 68 Sale 60 Sale 58 65 90% 68% 59% Sale 39% Sale 101% Sale Sale Sale Sale Sale Sale 104 Sale 70% 48 111% 108% 87 ----- Sale Sale 79 Sale 102 Sale 54% 29% * * Sale Sale 72% May 66 May 58% May 100 May 45 May 52% May 103% May 104% May 93% May 107% May 107% May £9 May 105% May 102% May * Sale Sale Sale 74% Sale 62 __ 97% 28% Sale 100% 100% 101 51 50 48% 55 55 Sale 52% 103% Sale 104% Sale 104% Sale 105% Sale 94% Sale 94% Sale 108% Sale 108% Sale 108% 108% 108% Sale 81 85 85% Sale 106 Sale 106% Sale 104 Sale 104% Sale 60 43 69 100 * Sale 58 Sale Sale * Sale 9 May 15 112% May 1 96 May 1 94% May 16 61 May 2 60% May 72 May 15 74% May 16 60 68 1 136% May 106 95 82 68 May Sale Sale May May May May May May May May May - 86 90 80 Sale 102% Sale 52% Sale 27% Sale 26 10 8 9 7 5 21 19 19 74 May 13 68% May 25 4 60% May 101% May 23 51 May 18 56 May 31 104% May 31 105% May 31 4 95% May 109 May 8 108% May 22 86 May 8 106% May 1 104% May ill* , 73 88% May 23 May 1 80 May 3 May 14 May " 102% May 26 55 May 2 May 14 May 31 30% May 2 Jan. 56] Mar. 73] Mar. 71 Mar. 71 Feb. 71 Mar. Jan. 55% Jan. 55% Jan. 56% Jan. 86 Jan. 94 Jan. 23 6 8 6 14 6 * Jan. 54% Jan. 99% Jan. 35% Apr. 20 56 Jan. 26 107% Apr. 21 Apr. 27 91106% May 24 171101 2?142% 102% Jan. 52% Jan. 3| 74% 105% Feb. 27 114 72 Jan. 8 96% 3 37% Jan. 61 6 82 45% Jan. 45% Jan. 23 80 2 71 Jan. 98% 3 41 35% Apr. 30 Jan. 23 Feb. 1 Jan. Jan. Mar. 10 Apr. Apr. May Apr. Apr. Apr. 2 30 2 27 30 20 Feb. 6 41 30 38 Mar. 20 45 32 89% Jan. 89% Jan. 89% Jan. May 8 May 9 24 41 May 7 10 76 Apr. 26 8 100% Apr. 14 3 99% Apr. 12 9 9 99% Apr. 64% Jan. 22 76% Apr. 17 Jan. 25 4 81 May Feb. 1 3 69 58% Apr. 9 101% May 23 86% Jan. 2 43% Jan. 68% Feb. 15 6 37% Jan. 58% Mar. 16 2 104% Jan. 20 102% Jan. 6 105% Apr. 101 Jan. 6 2 84% Jan. 96% Apr. 11 105% Jan. 22 109 May 8 105% Jan. 11 110 Apr. 14 4 86 Apr. 25 63% Jan. Feb. 5 104% Jan. 23 107 2 104% Apr. 18 100 Jan. 66 * * * May 5 May 15 50 7 112% May 28 May 1 109% May 25 108% May 86 77% 101% 51 % 27% Mar. 27' 61 * * * 41% 111% 108% Jan. * 69 65 60% 126 Jan. Apr. 21 May 3 May 3 8 101% Apr. 13 92 35% Apr. * ----- 40 Sale Sale 91 1 102% May 24 91% May 15 100% May 12 90 May 99% May 45% May 43% May 65% May 64% May 10 64% May 64% May Sale 41 107% 65 Feb. 5 v * 106% May 18 106% May 29 102% May 16 100 May 1 98% May 3 94 May 2 Sale 64% 64% 64% * D Apr. 18 May 14 95 70 39 78 126 100% 8 2 9 102% Jan. 88 May 10 Jan. Sale 87% 96% 44% 38% * 1951 J 22,000 Tenn Coal Iron A RR gen 5s Tenn Copper dk Cheo*-— Conv deb 6s series B ......1944 M 37,000 1947 J 149,000 Tenn Elec Power 1st A ref 6s 1944 A 844,000 Texas Corp conv deb 5a For footnotes, see page 19. a75% 61% 87% 43% 21 69 Sale 105 1951 J Jan. 67% Jan. 20 65 .1945 {Studebaker Corp 6% g notes.. 1942 J Certificates of deposit..... 145,000 30,000 Syracuse Lighting Co 1st g 5s...l«5i J 248,000 Third Ave 1st ref 4s Adju >tment Income 5s 522,000 A Jan. Feb. 55% Feb. 21 May 2 Apr. 5 9,109 32% Sale 5 31% May 14 33% May 55 54% May 15 54% 54% May 15 107% 107% 106% 107% 106% May 21 107% May 9 100 101 101 May 25 100% 99% May 105 104% Sale May 106% May 24 106% 104 81 36 89% 89% D 105 101 69 100 2,100% 2| 90 102% 103 101% May 88 89% 87% May Sale 99 Sale 98% May 87 Sale 87% Sale May 96 98% May 99% 99% Sale 43% May 45% Sale 43 Sale 39 37% May Sale 64% Sale 63% May 64 Sale Sale 63 May 64 Sale Sale 63% May 64 Sale 63 Sale May 58 1938 J Jan. 9 50 52% 113% Sale 85 71% 43 37% 48 45% 49% 1947 MN 1949 A O 1st lien coll 6H* series B 144,000 237,000 Skelly Oil deb s f 5Ha 156,000 South Bell T A T 1st s f 5s 155,000 Southw Bell Telep 1st A ref 5s.. Jan. Jan. Jan. Jan. Jan. 89 . Jan. 89% Jan. 26 3 31 24 111 Jan. A 70,000 Shlnyetsu El Pow 1st *%■ 1952 J 49,000 Siemens A Halske sec s f g 7a....1935 J Debenture s f 6 Ha 78,000 1951 M S 1949 F A 54,000 Sierra A San Fran Power 1st 5s 27,000 8llesla-Elec Corp gold 6 Ha 1946 F A 103,000 SUesian-Am Corp coll tr g 7s 1941 F A 1937 M 387,000 Sinclair Cons Oil 1st Hen 7g 39 35 Sale Sale * 1952 M N 301,000 Shell Union Oil s f deb 5s. Deb 5s with warrants 271,000 83 63% 101% 93% 50% 29 77 Jan. 76 85 74 80 43 ..... 1948 F 79 29 Apr. 25 96% May 21 Apr. 30 102% Apr. 25 88 Apr. 19 107% May 25 102% May 16 66% Jan. 100% Jan. 7 3 3 24 31 21 15 29 19 29 • ..... 85% Jan. 2*103 23% 23% 1946 A O Guar sinking fund 6Hi B 2.000 Stamped 80,000 Sharon Steel Hoop s f 5 Ha 670,000 Shell Pipe Line s f deb 5s 101% May 14 88 May 10 8 89% May 88 May 14 49% May 95 May 48% May 55 May * 106% 107 105% May 106% 106% 105% May 101% May 102% Sale 99% Sale 98% May 96% Sale 96% May 91% Sale 89% May 1 21 1 2 5 25 16 1 18 2 28 Jan. May 99% May 86 Jan. 86% Feb. 99% May 101% May * ft* 1.000 Schulco Co guar 3,000 4,000 15 15 1 1 14 11 1 8 May 96% May 111 May 102 May 87% May 107% May 102 May 63 May 50 May 100 May 108 May 75 26 96% Jan. M S .......1948 A O 6s 18 85 Jan. 28 1944 M N 6s St Joseph Lead deb 5H« 48%^ Sale 99% May 31 9 101% May 24 30 Certificates of deposit... 124,000 1955 37,000 Rlma Steel s f 7s 34,000 Rochester Gas A El 5%a *er C 1948 Gen Mtge4 4s seriesD 24,000 ....1977 79,000 Gen mtge 5s series E ...1962 154", 000 Sale 49% 1952 MN Direct mortgage gold 6s... Cons mtge 6s of 47 59 1953 J ...1950 MN Rhine-Ruhr Wat Serv 6s Oil 89 Sale 1947 ...1940 1953 1948 1946 f 5s s 40.000 Revere Copper A Brass 6s A. 102,000 Rhelnelbe Union s f g 7s {Richfield Sale 85 51 1941 J D 1937 MN Debenture gold 6s * 85 41 6a..1942 i 41,000 Remington Arms 1st s f 6s 213,000 Rem Rand 5Hist A with warr.. 101% May 81 May 85% May 88 May 44% May 91 May 42% May 45% May 101 { Radio Keith Orph pt pd ctfs for deb 6s & com stk (65% pd) 196,000 342,000 253,000 69% May 94% May Sale 110 May Sale 100% May Sale 84 May Sale 106 May Sale 101% May 58 May 61% Sale 45 May Sale 99% May Sale 106 May M S Postal Teleg A Sable coll 5s 1953 * {Pressed Steel Car 10-year 5s 1933 88,000 PubllcServE AGlst ArefJHa.,1967 1st A ref 4Ha 44,000 1970 let A ref gold 4s 125,000 1971 322,000 Pure Oil Co a fg 5H% notes 1937 246,000 Sinking fund gold Shi ...1940 89.000 Purity Bakeries Corp s f g 5s 1948 69,000 73 Sale 1953 F A 1st mtge 6s series B Portland General Electric 4 %•--1960 Portland Gen Flee 1st 5s 1935 62,000 Republic Iron A Steel Ref A gen 5 H« A 93,000 Sale 101 70% Sale 96% Sale 110% Sale 101% Sale 84% Sale 107% Sale 102% Sale 60% Sale 48% Sale 99% 107% 107% 111 94% May 100 May Sale 99% Sale Sale Sale 89% 1952 M N 1957 J J 1953 F A 96 94 75 62 1949 M 8 D 1943 4 O 29 101 86% Feb. 1939 1 Convertible deb 6s.. Phillips Petroleum deb 514 s i 94 84% 85% O O S D N D 1973 I Phlla A Read C A I ref 5s Jan. 94% Apr. 27 95 93% 92% 84 ..1941 M S Penn Dixie Cement 1st 6s A 94 95 85 MN .196? Secured gold AH* 63,000 922,000 29,000 159,000 415,000 20,000 247,000 171,000 393,000 603,000 63,000 May 29 101 May 29 99% May 29 99% May 29 101 100% 85% Guar g 3Hs tr ctfa series D... 1944 J D 40-year guar tr ctfa 4s Ser E_. 1952 MN 16,000 457,000 94% 34 Jan. 103% Jan. 104 Jan. 65% Jan. 57 Jan. 96% Jan. 41 Jan. 25% Jan 67 Feb. 19 112% May 28 109% May 25 88% May 23 84 Apr. 13 102% Apr. 11 55% Apr. 19 31% Apr. 25 N. Y. STOCK JUNE, 1934.] Sales in $ Jan. 2 1934. n. y. stock exchange. Value Bid. - AsI 38,000 Third Aire RR lit gold 5* 1937 J J 85)2 88)2 Sale 430,000 Tobacco Prod Corp deb 6Hl 2022 MN 102 80 Sale 111,000 Toho Elec Power (Ltd) 7a aer A..1955 Tokyo Eloctrlc Light (Ltd) 64 M Sale lat M ic S Serlea 604,000 ...June 15 1953 I D ...1949 M Trenton Gaa 8c Elec lat 5a 34",666 Truax-Traer Coal 90,000 Trumbull Steel lat con? 6Ha._...1943 9 102 MN 1940 MN I »a a * I Twenty-third St Ry Imp Ac ref 5a_1962 21,000 Tyrol Hydro-Klec Power 7 Ha 195" Guaraecaf 7a 1952 F 38,000 65,000 UJigawa Elec Power 7a 1945 171,000 Union El Lt & Pow (Mo) g 5a 1957 36,000 Union Elec I. 8c P (111) lat 5Ha—1954 M A J 37 86 Sale 40 90 Bid. 98 107 Sale 65 57 H Sale O 97)2 Sale J 101)2 103 A 8 45 73)2 .1945 A O Union OH Cal 30-yr 4a aer A May 1942 F A Deb 5a with warrant Apr 1945 ; d United Blacult (Amer) deb 4a 1942 MN United Drug Co (Del) 5a ...1953 M 8 1,000 764,000 98,000 145,000 96,000 190,000 10,000 41,000 46,000 91,000 274,000 (United Rye St L lat g 4a u 1934 Sale Sale Sale 108 54 50 95 32+Sale 7152 76 6732 Sale 8252 Sale 105 Sale 10634 21 & 95 Sale 6H* aerlea C Sinking fund deb 4H« aer 22,666 42 42 Sale 43 Sale Sale Utah Light & Trac lat Ac ref 5a..1944 A 1944 F O Utah Power 8c Light lat 5a J '47 J D Sale A Sale J ..... 72,000 f 6a aerlea A m J con? en Broa Co deb 4a 1941 M 35 4334 Sale 61 22 Sale 1234 16 30 31H 106 8 43 Sale" 9954 Sale 10434 11054 104 )i 10454 lat 5a aerlea E 1963 10432 10452 lat secured 5* serlea G 1954 104 _ A 0 J Sale 26 Sale M N 105 37 20)2 4254 J 101 37 O 1939 75 18 10 Westchester Light gold 5s.. ..1950 West Penn Pow lat 5a serlea A...1946 .....1944 363,000 Western Electric deb 5s ...1938 156,000 Western Union coll tr 5a Fund Ac real eat 4 Ha gold 76,000 1950 15-year 4 Ha gold 212,000 163* Gold 5a.. ...1951 240,000 Gold 5a i960 386,000 ,|tM 187,000 Westphalia Un El Pow *■ i 94,000 Wheeling Steel Corp lat 5H* A..1948 1st and ref 4Ha series B...... ..!•« 219,000 3,000 White Sewing Mach deb 6a w w.,1936 Without warrants 7,000 Partlc a f deb 6a 1940 1,000 30 10934 Sale J O ....... Wash Wat Pow 1st 30-yr 5s 932 65 8 deb 6*1939 M S 1944 A O Warner-Quintan deb 4a...... 1939 M Warner Sugar Ref lat 7a ...1941 J Wart Sale 11432 120 2734 3034 8 May May 95 6834 May 29 z5154 May 2 96 May 18 6334 Jan. 6 8334 Jan. 16 75 May 19 May 10552 May 10732 May 17 45 83 73] 96] 7532 May _ . 27 May 10252 May 29 107 May 24 8534 May 28 May 70 Sale 53 32 May 70 May 7452 Sale 7434 May Jan. Jan. Jan. Jan. Jan. 102 3 Sale 99)2 Sale 92 Sale Sale F A 77! 96] I D 80 Sale 80 H 44 50 3 75 2 87 May 19 Apr. 18 2 10534 Apr. 26 20 10732 May 17 * 4 113 Jan. May 2 Apr. 11 15 107 Apr. 26 2 8552 Apr. 13 Jan. 12 Jan. 8 10734 Jan. 9452 Jan. 10252 Jan. 60 17 7 68 1 9034 2 40 54 17 4052 16 40 52 17 1 107 13 12 47 25 5734 5 6034 1 4 103 Jan. 25 1 May Apr. 25 1 May Sale 10952 May 1 111 31 Sale 3034 May 31 3732 2832 Sale 2834 May 31 3434 7732 7852 7732 May 28 8634 434 632 20 Sale 60 75 10032 11132 30 Sale Sale 37 42 5334 May 63 22 25 Sale 41 10654 Sale 50 105 Sale 105 11234 11154 10754 10734 Sale 11034 11052 11152 10734 10832 108 111 10332 10134 Sale Sale 85 Sale 101 8654 Sale 8654 Sale 5632 Sale M S 80 Sale J 4754 Sale J 84 Sale 96 Sale 94 Sale A O 74 H Sale 86 Sale 8352 Sale 5534 6434 5054 58 Sale Sale 6134 5054 J J J 4854 4534 48 65 Sale 49 May Jan. 22 6652 Jan. 22 Jan. 24 67 Apr. 16 Apr. 25 6 7354 Feb. Apr. 26 Apr. 19 Jan. 2 120 Jan. 6 Jan. 2 Jan. Jan. 9 5 33 May 24 102 2234 May 1 1834 May 1 62 May 1 Jan. It* 12 111 Jan. Jan. 8 6 May 2 May 4 May 25 May 29 May 2 May 31 May 7 Jan. 4 70 Jan. Jan. 4 Apr. 11132 May 4434 Apr. 37 Apr. 50 Apr. 67 Apr. 25 May 4834 Apr. 10854 May 63 Apr. 105 Apr. 11234 May 10834 Mar. 112 Apr. 10834 Apr. 110 10852 Apr. 1234 Jan. 1554 Jan. 21 13 106 H May 25 6532 Mar. 19 Jan. 60 99 Feb. 1834 May 14 354 Jan. 1834 May 96 May 24 4132 Apr. 26 3834 Apr. 24 8934 Apr. 23 Jan. 19 31 20 19 19 21 3 13 19 23 28 24 May May May May May May May May May May May 25 5 3 5 19 1 1 24 11 19 23 May May May May 95 May 94 May 57 May 97 May 86 May 58 May 69 May 5054 May May 42 4032 May 108 107 May 50 5534 May 10434 May 111 May 10854 107 May Sale 11054 May 10832 107 May J MN May 5 734 1834 May 4 1834 105 May 2 10652 65 May 29 65 100 May 4 101 10934 May 1 11132 35 May 18 37 23 J ...... 4 4754 Sale 5834 Sale 10732 a5834 10234 Sale 10052 Sale 90'2 Sale 10234 Sale 9434 Sale 9334 Sale 5134 Sale 20* Mar. 9 Apr. 21 98 Apr. 16 107* 25 25 Sale 8 7532 May * 113 Sale * * 48 1934 May May 98 May 4352 May 4332 May 4352 May all5 May 3154 May 5432 May 7454 May 7932 May 7352 Apr. 16 20 2 5154 May 96 May 18 2 10854 Apr. Jan. 8 1934 May 81 May 98 May 4052 May 40 52 May 4052 May all5 May 26 Jan. 102 37 * 11234 May 102 May 10552 May 8034 May 54 10454 10534 al06 8 12 ...1945 A . 6a ii« D Without warrants Warner Broa Plcturea Warner Co 1st 5434 Sale Prices 3 100 Apr. 21 6 3 10732 Apr. 2 9432 Apr. 18 1943 Sugar . a 64 1941 A O 5a Sale "7352 1957 J ...1959 F Sale 7932 Sale 10534 10952 Sale 3732 Sale 3434 Sale 8634 Sale Utlca G 8t El ref Ac ext 5a warrant! 2834 Sale 105 M 103 H J 30,000 1953 J 1,000 Victor Fuel lat a f 5a 62,000 Va Elec & Pow con? 5 Ha 1942 M 5,000 Va Iron Coal Ac Coke lat g 5a 1949 M 53,000 Virginia Ry 4 Pow lat 5a ...1934 J Certificates of deposit 203,000 24,000 Walworth Co 6 Ha aer A (with war) '35 A 124,000 15,000 \ 89,000 12,000 83,000 41,000 51,000 all5 9952 Sale A 1950 J lat Sale Sale Certlficatea of depoalt 3~47",666 95 41 408,000 Uttlltlea Pow Ac Ltg deb g S Ha 1,004,000 44,000 -It* 1854 4052 Sale 4052 Sale 18 con? Sale Sale Sale Vertlentea Sale 85 Sale O 299,000 Vanadium Corp (Ami 107 Sale O Deb 5a with 11234 113 10234 Sale J D 6534 May 48 * D A Sale Prices * D Univeraal Pipe 8c Rad deb 4a._..1934 J Unterelbe Power 8c Ltg 6a 1953 A Sale Prices 7334 May 67 52 May 7534 81 84 8134 May 10534 10534 10434 May 10634 10732 10634 May J United Stl Wka(Burbach) a f g 7a 1951 Sale Prices 86 Jan. 9732 May 16 9954 May 22 May 31 107 May 1 10134 Jan. 89 80 Jan. 94 May 5 May 29 104 75 1951 I A...1947 J United Steel Wka g 4 Ha aer A...1951 Lowesi. * 74 100 Sale Utlca Elec Lt Ac Pr lat a f g 5a 1,063,000 11254 Sale 10234 Sale 10634 107 8434 Sale 1934 97 H 1937 United Steamahlp 15-yr 4a Highest. ♦ Sale J 8 Rubber lat & ref 5a aerlea A..1947 J M N 6834 Sale 10952 5034 Sale 9554 Sale * 20 J 9334 Sale 6754 Ask Sale Sale Highest. Lowest. May 31. Ask. Bid 100 9834 104 . Sale 9034 30 47)2 1. May Union Ele? Ry Chic lat 5a 57,000 140,000 53,000 500,000 1. RANGE SINCE JAN. PRICES IN MAY. Price BONDS May. 31 EXCHANGE-BONDS 23 22 1 1 1 4 29 5 1 31 1 28 May 58 May 31 49 Jan. 69 May 1 48 Jan. 52 Feb. 28 May 10 7 Jan. 12 Jan. Feb. 21 5 14 12 10634 May 24 5 8952 Feb. 19 5 8934 Feb. 5 46% 10854 5834 105 11234 108 10834 10234 May 10032 May 84 May 10054 May 8632 May 8534 May 5032 May 91 May 82 May 58 May 64 H May 50 51 May 10354 10134 9032 10254 4034 Jan. Jan. Jan. 16 30 10534 Feb Jan. 42 9834 Jan. Jan. 105 10352 Jan. 104 Jan. 104 Jan. 32 Jan. 9154 Jan. 104 7432 Jan. 9034 10252. 9534 9434 6852 97 96 102 Jan. 7934 Jan. 79 Jan. 4252 Apr. 8232 Jan. 72 Apr. 21 Mtar. 17 Apr. 10 Apr. 20 Apr. 26 Apr. 27 Mar. 10 May 5 8752 Apr. 21 97 Jan. 58 14 25 10 (Wlckwl re-Spencer Steel lat 7a.. 1935 7,000 34,000 236,000 576,000 365,000 Ctfa dep Chase Nat Bank. ( wick wire-Spen Steel Co 7a. Ion 1935 Ctfa dep Chase Nat Bank..... » j 8 434 1941 A O 434 5 985-4 Sale Toungstown Sheet kTu lat 5s A 1978 A O 74 H J 7534 Sale Wilson 8c Co 1st a f 6s series A . MN ...1970 J lat M 5a serlea B For footnotes, . see page Sale 9 1132 8 11M 834 932 1034 105 10434 Sale 86 Sale 8234 8252 8634 Sale Sale Sale Sale Sale 734 May 12 10 8 May 17 934 May 3 104 May 3 10634 May 24 82 May 31 8632 May 1 8252 May 24 8634 May 1 434 97 52 7434 7434 Jan. Jan. Jan. 1434 Feb. 23 19. MATURED BONDS (Negotiability Impaired by Maturity) Sales in RANGE SINCE JAN. PRICES IN MAY. Price 1. Jan. 2 May. Value. n. y. stock exchange. 1934. Bid. Ask May Bid. 1. Lowest. Highest. Lowest. Sale Prices. Sale Prices. Sale Prices. May 31. Ask. Bid. Ask. Highest. Sole Prices. FOREIGN GOV'T 8c MUNICIP AL'S Mexico Treas 6a '13 assent large.. 1933 J Small J 6 Wi 7H 11)2 6 8)2 Jan. 7)2 Jan. 12 ....... 8 19 11 Feb. 24 11)2 Feb. 26 RAILROADS 10,000 1 Burl C R & Nor 1st & coll 5s .. .1934 A O 1934 A O 304,000 (Chic R I & Pac ref 4s 2,000 (Norfolk & Southern 1st g 5s....1941 M N 174,000 (Norfolk South 1st Ac ref 5a A....1961 ...1934 86,000 jR I Ark & Louis lst4Hs F A M May 9 May 14 37 32 H May 17 18 May 14 Sale 62)2 Sale 57 Sale 54 23 23 A* 21 23)2 40 26 Sale 35 32 36 35 23 15)2 May 28 May 26)2 May May 2252 May 20)2 May 9 2 3 8 8 4 May Jan. 9 15 25 23 H S 37 Jan. 14)2 Jan. 38 21H Sale 20)2 Sale 24 H Sale 30H 37H 17 H 19 1752 Sale 3552 Sale 22 52 Sale 14)2 1752 752 Sale Jan. 2 48)2 Feb. 5 31)2 Feb. 5 Apr. 19 25 Apr. 20 25 Feb. 5 47)2 Jan. 3 64 35 20 40 St Louis Iron Mtn & South— 390,000 Ri?er & Gulf DI? 1st g 4s......1933 M N (Seaboard Air Line 1st g 4s...... 1950 A 22,000 Gold 4s stamped 72,000 22,000 Refunding 4s O 48 H 17 .....1950 -.1959 Mayl933 A O A O M S 513,000 (Abltibl Pow Ac Paper lat 5s.....1953 1934 31,000 (Botany Cons Mills 6Hs J D 1852 A O 12 Atl Blrm Di? 1st g 4s... 852 14 Sale 11 18 20H Sale 46 H 18 27)2 Sale 23H 9 19 H 10 Sale May 14 6252 May 4 23 39)2 May 26 15 May 15 22 27 10 27 5 14 14)2 Jan. 5 25)2 Feb. 18)2 Jan. 4852 May 20)2 May 11 21 Apr. 28 Feb. 6 Feb. 5 Feb. 5 Jan. 17 )2 Jan. 7 52 Jan. 2 Jan. 3 48 52 May 2 25 Apr. 28 952 Jan. 15 9)2 Feb. 2 ian. 9 55 Vs May 2)2 Jin. 2 7 H Jan. 8 852 Feb. 22)2 Feb. 7 9 9 Feb. Feb. 14 19 20 May 4 9 May 12 19)2 May 17 23 May 4 May 1 May 19 5 INDUSTRIALS Bowman Biltmore Hotels 1st 7s Stamped as to pay 13,000 (Bway Ac 7th Are 1st 14 Sale 22 4052 Sale 16 17H 12 1934 of $435 pt red 5a ..1943 cons M J S D 3 952 952 ..... 11 3 9)2 .... 11 3 952 May 3 May 12 55 Vs May 3)2 May 31 May 2 5552 May 2 8 May 16 15 May 10 28)2 May 14 33 May 12 74)2 May 10 89 May 15 16 May 14 452 May May May 1052 May 18 May 34 May 36)2 May 77)2 May 9252 May 16)2 May 7 3 May 28 42)2 May 17 10)2 May 25 4652 May 17 May 2 2552 Jan. 48 May 16 53 47)2 May 14 5152 May 12 32 May 10 31 May 14 25 May 10 41)2 May 14 53 954 May (Chicago Rya lat 5s stamped 79,000 183,000 149,000 79,000 249,000 30,000 10,000 113,000 220,000 57,000 4,000 F Sept 1 1932 25% part paid-. (Cuban Cane Products deb 6s... 1950 J A J East Cuba Sugar 15-yr a f g 7H>--1937 M S Gelsenkirchen Mining 6s 1934 M S (Gen Theatres Equip deb 6s. 1940 A O (Gould Coupler lat 15-yr a f 6a.. 1940 F A (Hoe (R) Ac Co lat 6Ha aer A 1934 A O (Interboro Rapid Transit 6s..... 1932 A O 10-year con? 7% notes ...1932 M S 1934 A O (Manati Sugar lat a f 7H®—-—1942 A O A O Stamped (Oct 1-931 coupon on) Laclede G L ref At ext 5s Certificates stamped modified 1938 3,000 (Met West Side El (Chic) 4s 74,000 (Pan-Am Pet Co (of Cal) con? 6S-1940 47 Sale 4)2 11 Bale 13 H "3)2 5652 1052 17 H 22 Sale 13' 26 H 56 Sale Sale 58 Sale Sale 34 Sale 33 Sale 35H 705 Sale 82)1 851 651 Sale 2)2 952 4 FA 53)2 233-4 12)2 14)f> 17)1 2551 Sale j*D 30)2 Sale F A 30 Sale J D 27)2 56 5452 3)2 Sale 13)2 Sale 59 H Sale 9 Sale 15 Sale 29 ' Sale 37)2 75H 76 91H Sale 16H 21 34 H Sale 76 Sale 90 Sale 16 2352 16 21 16 27 H 15 11)2 15 64 10 12 1 i 1 2 29 3 14 27 H 10 12 20 15 53 1152 15 45)2 Sale 4352 50 H 5052 Sale 47 54)2 Apr. 20 3 )2 Jan. 2 8)2 Jan. 11 13 Jan. 9 40 Apr. 5 9 31)2 Jan. 3 2 42 Jan. 11 25 70)2 Jan. 79 9 10 15 10 80 19)2 Mar. 5 17 Jan. 18 Feb. 8 20 1 8 2 Apr. 24 20 Feb. 18 Jan. Jan. 7752 Feb. 95)2 Feb. 2352 Apr. Feb. 9 8 47)2 Apr. 10 10 (Paramount-Famous-Lasky 6s... 1947 167,000 Proof of claim filed by owner... (Paramount Publlx Corp 5Ha 289,000 34,000 6,000 332,000 52,000 381,000 '*1*666 (Pressed Steel Car 10-year 5s (Radio-Keith-Orpheum 6s (Richfield OH of Calif 6a iSterens 1933 J 1941 J J 49 56 n 15 22)2 1944 M N 22 Sale 17) 3554 Sale Hotel 1st 6s series A.... 1945 J J (Studebaker Corp 6% gold notesl942 J Twenty-third St Ry ref 5s 1942 J D Union Elec Ry (Chicago) 5s For footnotes, see page 19. Sale 52)2 May 9 29)2 Jan. 8 55 Apr. 16 May 56 May 37 May 3352 May 28 May 51 May 9 29)2 Jan. 51 )2 Jan. 18)2 Jan. 21 )2 Jan. 8 4 17 8 55 Apr. 14 66)2 Feb. 7 Jan. 9 18 9 1950 Proof of claim filed by owner 1945 A J O Sale 50)2 Sale 5052 Sale 55 H 51)2 60 62 35 31)2 37 H 31 3352 Sale a32H Sale 26 % Sale 25 26 49 Sale 42)2 Sale 2852 2852 11H 18 1252 23 18 May 9 May 16 Jan. Mar. 12 Apr. 10 28)2 Apr. 30 36 68)2 Feb. 19 3552 Jan. 17 41 15 24 Feb. » New York Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF STOCK PRICES DURING MAY 1934. Stock Sales. May. Jan. 1 to In 1934. J. _ Shares. May 31 aucor lance 1933. 25,335,680 196,477,167 with a Bond Sales. » 104,213,954 215,239,599 rule of the Stock Exchange, effective Oct. 3 1915 May 1934. — - Jan. 1 to all stocks May 31 are now 1933. $284,742,800 1,792,105,100 quoted dollars per share, Prices lots except in the case of stocks which sell only in a small way ; are on v $377,017,900 1,334,941,600 basis of 100-share V ■ NOTICE.—Cash and deferred delivery sales are disregarded in the month's range, unless they are the only transactions of the month, and when selling outside of the a footnote in the month in which they occur. No account is taken of such sales in computing the range for the year. regular monthly range are shown in AGGREGATE SALES, In PRICES IN MAY. STOCKS N. T. STOCK 8XCHANQK May. Shares. Shares. Par. 107,362 4,900 18,600 100,900 9,300 2,400 330 Sc 3,200 900 20 Allegh Sc West Ry 0% gtd_100 634,362 Atchison Top Sc 8 Fe 101) 33,600 Preferred 100 125,000 Atlan Coast Line RR 100 752,300 Baltimore Sc Ohio. 100 Preferred 100 74,900 54,600 Bangor Sc Aroostook 50 Preferred 1,600 __100 600 126,000 7,100 Boston Sc Maine 835,200 Canadian 10 100 180 100 525,700 Chesapeake & Ohio 200 5,900 {Chic Sc East 111 3,200 27,700 25 RR 100 6% preferred ...100 100 C C C & St Louis pref Common 100 Sale 71 Sale 86% Sale 80 Sale 41 Sale 44 Sale 39 Sale 23 X 25 % Sale Sale Sale 97% 27% Sale 31 Sale 22% Sale 26% Sale 95 26 3334 80% 4% 10 155,500 516,700 89,500 10,800 11,500 4,500 2,500 712,800 Chicago Sc North West...100 Preferred 70,700 100 77,700 tChic Rock Isl Sc Pac 100 33,200 7% prefferred.. 100 0% preferred 100 24,700 Sale 56 51 60 70 81 70 72 88 50 72 34 73 20 1,060 Sale 4% Sale Sale 8 Sale 22 Sale 4 4% 7 / Sale 6 Sale 10% 5% Sale Sale 62 Sale 18 100 6 Sale 10 2034 Sc Southern 1st preferred 2d preferred 3% 7% Sale Sale 100 890 43% 33% 25% 23% Sale 20 35 28% 33% Sale 21% 23 19 23 24 19,700 68,100 6,300 173,300 Delaware Sc Hudson 100 50 670,000 Del Lack Sc Western 71,200 Denver Rio Gr & Wes pref 100 5534 Sale 62 Sale 23% Sale 25% Sale 9% 1% Sale 11% 50 Detroit Sc Mackinac Ry ""loo 900 1,100 14,500 9,900 1,100 40, 147,700 1,400 2,200 300! 670 54,800 700 300 580 11,100 210 8,900 Certificates of deposit....* 2,870 Int Rys of Cent Amer Certificates * 470 600 40 1,900 21,300 7,500 140 19,700 410 90 600 140 3,000 500 300 420 17,000 14,600 6,600 22,500 ""270 - 1,300 1,760 20 61,400 484,700 7,800 20,600 550 . 2,215 Preferred 100 .. 10 Jollet & Chicago 7% gtd__100 65,700 Kansas City Southern 100 18,200 Preferred 100 220,000 Lehigh Valley 75,300 Louisville ...50 Sc Nashville 100 2 760 IManhat'n Ry Co. 7% gu_100 135 900 Mod 5% guar .100 6 130 Market Street Ry 100 2 030 Preferred 100 _ Prior preferred 100 2 630 Second preferred 100 21 000 {Minneapolis Ac St Louis. 100 8 400 Minn St Paul Sc S S M 100 3 800 Preferred 100 Leased line., 100 208 300 Mo Kan-Texas ♦ 123 300 Preferred series A—....100 Sale 1734 11% 44% 19% Sale 13% Sale 7% 18 ioo Convertible preferred.. 100 140 Morris Ac Essex... 511 134 200 1 050 Nash Chatt Ac St Louis...100 16 810 Nat Rys of Mex 2nd pref 100 8 060 '1st preferred 100 1 040 {New Orl Tex Ac Mexico 100 . 1,937 200 New York Central... 1,498 327 Rights „* 10 10% ncfl-cum pref.. No par value, a Optional sale, x 6 1% "W 19 Sale 23 Sale 18% Sale 60% 20% Sale 9 Sale 22 25 % 1 13 5 6 Sale 7 8 21% 16 20% 142 11% Sale Sale 14% 49% Sale 16% 23% 17% Sale 60 25 27 8% 10% 4% 4% 15% 5 6 21% 147 Sale 140 12 14 Sale 15 19% 15 Sale 51 Sale 24 27 14% Sale Sale 1 3% 6% o 4 12 2% % 2% 7 7 3 9% 2% 1 2* Sale V* Sale 3 Sale Sale 2 Sale 5 4% 5% 4% Sale 9 Sale Sale ,27% Sale 22 Sale 3% Sale 4% Sale 58 53% 4% 7% 68% Sale 34 "37% 69% 32% % % 18 32 10% Sale % 1% % 1 15 15 4% Sale 5% Sale Sale Sale 16 37% 1lH Sale 30% Sale Sale 2\% Sale "18" "20" Sale Sale 33% Sale 121% Sale 129 110 36 18% Sale 121 135 ... c *115 87 90 Cash sales, y Feb. 7 Apr. 26 Feb. 5 18% Mar. 12 56% Apr. 24 Feb. 21 Apr. 2 Jan. 6 88 Mar. 14 May 8 39% Jan. 5 2% Jan. 15 1 % Jan. 9 92 Feb. 65 Jan. 74 Apr. ' 2 7 Feb. 3 12 17 8 Feb. 16 47% Apr. 17 84% Apr. 27 May 14 6% Jan. 4 5 Apr. 12 4% Jan. 2 6% May 14 5% Feb. 1 11% Feb. 19 7 Apr. 24 8% Feb. 5 13% Feb. 5 28 14 14 15 14 14 10 2 % 6% Jan. Sale Sale Feb. 5 28 Feb. 16 6% Feb. 9% Feb. 7 2% 4% 3% 5 Jan. 3 Jan. 3 May 14 5 Feb. Jan. 46 49% May 23 20% May 12 6% May 12 62 May 26% May 9% May 15% May 1 May 1 % May 16% May 19 May 16 May 59 May 18 May 8% May 19 May May 5 May 7 May 16 May 5% Jan. 19 Jan. 14 14 24 23 14 11 1 1 14 30% May 1 42 May 11 66 May 2 20% May 1 9% May 4 7% May 5 6 May 9 5% May 17 22% May 9 12- 12 12 14 14 16% May 23% May 17% May 60 May 23 13 May 16 May 12 1 May 28 3% May 14 8% May 10 2 May 14 % May 12 2 May 12 3 May 28 4 May 17 7% May 14 19% May 12 3% May 7 5% May 14 33% May % May 1 May 15 May 25% May 1% May 16% May 30 May 118% May 115 May 120 1% 7 16 15 Jan. 15 1% Apr. 2% Apr. 24% Feb. 28% Apr. 8 Jan. 3 12 Jan. 3 50 Jan. 25 18 May 14 5% Jan. 10 Jan. 11 Feb. 13 Jan. 2 15 3* t Companies reported 6 May 17 20 20 * '5 26 21 May 1 Feb. 5 Feb. 20 Feb. 21 Jan. 23 Apr. Apr. 19 12% Feb. 7 26% Jan. 24 22 May 38% Feb. 35 Jan. 16 50 48% Jan. 16 May 66 2 Jan. 8 10 Jan. 7 Apr. 18 6% Apr. 18 22% Apr. 17 3% Mar. 7% Jan. Feb. 135 Jan. 11 6 13% Jan. May 6% May 3 5 Apr. 26 May 2 24% Feb. 7 19% 27% 21% 62% 15% Jan. 12% May 48% Jan. Feb. 14 Apr. 21 /Apr. 21 Feb. 5 Apr. 20 Jan. 13 32% Mar. 29 May 20 May 17% May 1% May 5% May 10 May 2% May 1 % May 2% May 3% May 10 6% May 2 11% May 27% May 4% May 7% May 19% 2% 8% 12% 4% 1% 3% 5% 7% 14% 34% % Jan. 3% May 4% Jan. 1 % 1% 1% 3% 7% 17% Jan. Jan. Jan. Jan. Jan. May Jan. Jan. 12 Mar. 17 Apr. 24 Apr. 21 Apr. 24 Mar. 28 Feb. 6 Apr. 20 Mar. 10 Feb. Feb. 5 6 Jan. 4% Jan. Jan. 58 Feb. 7 71 Apr. 18 Jan. 46 Jan. 24 3 35 32 May 10 % May 2 1% May 15 May 31% May 1% May 22 May 36% May 126 May 29 108 115 May Feb. 6 9% Jan. 115 in 23 60 32% 16% 35% 1 % 8% Feb. May 29 May 14 7 1 1 4 1 4 3 73% Feb. 1 33% Feb. 5 13% Mar. 28 25 16 27 May Feb. Jan. 13% Jan. 135 May May 12% May 49% May 17 Mar. 12 Mar. 19 10 7 5 6% Feb. 10% Jan. 23 49% May 23 20% May 12 5 May May 61% May 16 May 7 May 6% May 5 May 4% May 19 May 15 30 2% Jan. 3% Jan. May 17 1% May 15 1% May 16 22 May 3 25% May 20 May 60 May 26% May 11% May 29% May 1 May 5% May 8% May 18% May 6 11% Feb. 6% Apr. 49 Jan. Jan. 20 Feb. 8 76% May 11 44% Apr. 30 1 40% Feb. 9 33% Feb. Jan. Jan. 20 1 3 2 7 14 14 12 12 14 29 14 18 74% Apr. 16 17 10 8 14 12 14 Jan. 38 27 H Jan. May 11% Jan. 25% May 1% May 15 1 receivership. Feb. Mar. 2% Apr. 25 45% 2% 26% 43% Jan. 17% Jan. 91 Ex-rights, 15 13% Jan. 12 May 22% May 4% May 7% May 6 May 10% May 5% May 83 Sale 17 16 17% 1 20 50 83 33 % 108 May 6 Feb. 70 3% May 9% May 6% May 6 May 9% May 147 Sale 29% 9 , Sale Sale 1% 5% 3 Sale 18 8 5 Sale 17 % 1% Sale 1% 3 334 Sale 8% Sale 17 Sale Sale 5 16 1 Sale :o% 4% 19% Sale 1 634 4% Jan. 10 76% May 11 43% May 5 35 May 7 25% May 1 23% May 19 4% May 2 8 May 18 22 18% % 1.. 3% May 23 Apr. 28 41 May 18 73 May 2 46% May 22 4 May 19 4% May 5 76% May 43% May 29% May 23 21 May 12 23 May 2 3% May 14 6 May 10 38 50 Ex-dividend 8% 7% 1 8% May May 3 May 5 May 3% May 7% May 5 May 14 40 20 18 8 14 12 10 2% May 14 7% May 12 6 May 11 4% May 7 6% May 14 Sale 175 40% 94% 8% 58% 19% Feb. Apr. 74 62% Sale 115 Mar. 29 87 May May 42% May 3% May 3% May 24 5 36 87 65 37 11 10 5 Jan. 2 70 11% 4% 5 27 110 12% Jan. 46 Sale May 17% May 2 53 May 22 Sale 18% 13% 9% 3% 2% 7% 10 Feb. Apr. Feb. Feb. 24% Jan. 39% Jan. 95% Jan. 15% May 14 51 May 26 63% 20% 8% 50 Sale 21 Jan. 87} 54% 34% 37% 46% 28% Mar. 82% Jan. 4% Jan. 44 30 N Y Lackawanna & West. 100 * 19% 40 82 73 £ 40% May 23 93% May 1 6% May 5 51 May 31 13% May 2 30 4834 Jan. 51% May 70% Jan. 34% May 33% May 10 87% May 12 5% May 17 50 May 7 10 May 21 36 . 47 600 N. Y. Chicago Sc St Louis. 100 Preferred series A 130, 400 100 50 2, 310 New York Ac Harlem 21 50% Sale 22% Sale 1 5% 8% Sale 66% May 86% May 44 May 27% May 31 May 44 May 28 110 May 16 31 30% Sale ... 100 {Missouri Pacific Sale 1 3% 7% 2 25% Sale 11 12% 29% Sale 1% ..... 16 Sale Sale Sale Sale Sale 60 Sale ..... 3% 6% 7 1% 1% 20% 24% 19% 15 34 4% 7% 15 10 6 5 13 5 930 10 7 15 3 500 63 4% 6% Sale % 1 100 100 . 140 5 11% % % 100 Preferred 100 363,600 Illinois Central 6% pref series A 7,500 ...100 Leased line stock. ..100 1,280 RR sec stock ctfs ser A 1000 3,590 94,800 {Interboro Rap Tran v t c 100 990 4~ooo Preferred 49,600 Hudson Sc Manhattan 300 ~ 100 ....100 6,200 Duluth South Sh Sc Atl..l00 Preferred 100 5,100 100 171,900 Erie First preferred 100 71,200 Second preferred 100 23,500 100 Erie Sc Pittsburgh 50 660,900 Great Northern pref 100 18,800 Gulf Mobile Ac Northern..100 Preferred 100 22,700 2,500 Havana Elec. Ry 20 4,400 1,200 Preferred 6 82 51% May 75 May 34% May 21 May 25 May 40 May 106 May ..... 74% 52% 2% 3 Sale 9% Sale 16 17% 3% Sale 5% 6 4% 5 7% 11 3 6% 45 72,900 Gonsolld RRof Cuba pref. 100 2,000 Cuba RR pref 100 2% 434 Sale 62% 76 5,200 370 - 3% 8 Sale 5 100 4,220 4 11% "39" Highest. Sale Prices. 167 3% 4% 3% 46 4 3% 9% 60 5,659 Colorado . 3 6 5 Sale Lowest. Sale Prices. 71 7% Sale 13% Sale 334 Sale 35 30 130 45% Sale V* Sale 50 69 62 Sale 7% 50 360 80 11 15% Salje 50% 53 81% 88% 95 Sale 7% 190 Cleveland Sc Pittsburgh Special 56% "90% 4% 88% 14 220 50 Sale 3% 9% 6% 100 30 Cine Sand & Clev 6% pref__50 """20 8% ' 5 Sale 7 3% Chic Mil St Paul Sc Pacific..* Preferred... 17 167 3 Sale 43 104% 110 33% Sale" 37% Sale Sale 92% Sale 6% 6iH 5% 51 Sale 54% 45% Sale — 480 ' 16% 40% Sale 1% 234 1% 2 48% 380 Chi St P M & O 7% Pref__100 Common ......100 110 35% 93% 5% 50% 13% 13 34 101% 54% Sale 109 34 42 80 {Chic Indianap Sc Louis ptlOO 22,300 62,700 42% 106 Sale 8534 5% 50 34 51", 500 Chicago Great Western__10o Preferred 100 69,100 40 • 42 31 Highest. Sale Prices. 175 65 100 5,300 6,600 Ask. 98 41% Lowest. Sale Prices. May 31. 82 4234 RR of N J 1. Ask. Bid. Sale 12 34 Pacific Bid. 57 25 6,600 Central May Ask 190 Canada Southern.. 100 20 Carolina Clinch & Ohio ..100 230. Stamped 100 120 1,300 69,700 50 464,200 Bklyn-Manhattan Transit 16,400 $6 preferred aeries A * 13,300 Brooklyn & Queens I ransit. * Preferred • 6,500 1,900 Bid Susquehanna.100 90 Beech Creek RR 166,165 1. Jan. 2 1934. Albany RANGE SINCE JAN. Price Since Jan. 1. 5 7 4 Feb. 21 Feb. 9 Mar. 14 Apr. 24 Apr. 23 139 _ 7l Feb. 115 May 4 Apr. 26 92 1 JUNE, 193 J.] N. Y. STOCK AGGREGATE SALES N Jan. 2 May 1934. 525,400 N Y N H 8c Hartford 100 123,100 Convertible preferred..100 15% Bid. 17 K 29 K Sale 24 8 % 56,700 N Y Ontario 8c Western..100 8,300 N YRys pf 23,400 {Norfolk Southern ...100 17,900 Norfolk 8c Western 100 3,220 Preferred 100 Central Ask Bid. par. 180 Northern Sale Sale 1% 2 IK 1% 161% Sale 8 K 2d Sale 100 15,700 Pere Marquette 100 13,100 Prior preferred........-100 8,690 Preferred ...100 9,620 Phlla Rapid Transit Co...-50 12,779 7% preferred.. 50 West t Louis Southwest 21,200 Preferred 4,900 Mobile 13 * 100 Sale 36 39 44 100 Sale 23,500 100 75 Preferred 100 610 Wheeling Ac Lake Erie INDUSTRIAL 2,200 Abraham Ac Preferred 259.400 61,362 29.000 58,300 103,800 35.400 902,100 9,900 595.000 162,100 * 100 37 Sale * Sale ...... 100 ... Adams Mlllls • Advance Rumely * Affiliated Products.. • Air Reduction Inc • ... Juneau Gold W Paper Co Allegheny Corp * Pref series A $30 ex-war Alleghany Steel ..._.._* Preferred Sale • Sale 100 ... Mfg Alpha Portland Cement * Amalgamated Leather Sale 7 36 Sale Sale 30 60 19% 21% 31% Sale 45 6 43^ 30% II" Sale Corp * Chem (Conn)..* * 24 Sale 6 5 4% 26 xl22 Sale 4% 27% 28 117 79% Sale 75% 75% 3% 3% 6 5% 7 4% 11% Sale 14% 17% llB 31 79% 76 80 5% May May May 8% May Sale Preferred 50 .... 100 .....100 25 Preferred 100 169.400 Amer Car At Foundry.... 32,400 Preferred • 25 K 100 40 % * 16,600 American Chain 6,200 Preferred IK 21K 47% 100 .... 18,100 American Chicle..... ♦ Sale Sale Sale Sale 49% 680,Am Coal Co of Alleghany County, N J —25 13,700 American Colortype....... 10 399,700 Am Com Alcohol.. 20 Rights 56,900 Amer Encaustic Tiling 7,000 Am European Securities * 18 2 53 K 30 3 K Sale - 30 American Express Co 621,800 Am Ac Foreign Power 49,600 Preferred 38.100 Preferred (6) • No par value, 7% Sale 86 77% 26 27 9 Sale 5 Sale 7 Sale 94 Sale 2% 2% 19% Sale 5% 6% 2% Sale Sale 7% Sale Sale Sale 20% Sale 144 Sale Sale Sale 45 Sale 26 26% 45% 96 ip S# HH 15 32% 33 24 12 14 23 12 31 1 18 14 12 14 24 15 14 2 4 3 Jan. 10 18 13 Jan. 16% Jan. 10 Feb. 8 4% Jan. 12 15 Jan. 3 3 5 5 Jan. 16 Apr. 20 19 May 19 May 15 Apr. 20 Apr. 97 tlx 37% Feb. 19 Feb. 17 16 16% Jan. 5 Feb. Feb. 6% Mar. 14 11% Apr. 20 6% Mar. 14 19 Jan. 28% May 14 3 2 5 18 2 2 8 24% Feb. un is 5 182 8 Mar. 10 38 8* 6 16 27 - Apr. 24 Apr. 23 Apr. 23 Apr. 25 Apr. 24 Feb. 21 160 Mar. 12 48 40 2 4 3 1 5 3% May May May May May May May May May 32% May 6% May 6% May 29 May 130 May 83 May 80 May 80 May 4 May 7 May Mar. 133 Mar. Jan. 56% 40% 39% 124% Feb. 5 Apr. 23 May 3 May 1 Feb. 7 43 49% Mar. 21 33% Feb. 29% Jan. 114 Feb. 7% May 2 1 7 xiH Mar. 2% 2% 12% 20% 1% 2% 26% 30% 1 1% 18% 21% 27% 8* 15 Jan. Jan. Jan. Mar. Feb. 6 May May Mar. 2* Feb. 6 Feb. Feb. 21 5 Feb. 5 Apr. 26 Apr. 20 Feb. 1 Jan. 39 Jan. 3% Jan. 2% Jan. 8% Jan. 13% May 18% May 6% May 21 13% May 22 Apr. 20 12 Apr. Apr. 133% Apr. 84 Apr. 80 May 80 May 4% Jan. 8% Apr. 6% Mar. 17% Feb. Jan. 110% Jan. 71% Jan. 76 May c70% Feb. 21 18 8 3% 33% 36% 41% 47% 43% 8% 8% 1% Jan. 6 4 Mar. 27 2 Jan. Jan. Jan. 6 Apr. Jan. 18% Jan. 23 1 21 4 2 20 39 12 Jan. 2% Jan. 4% Jan. 25 Jan. 13 35 106 7% 76% 24% 8% 4% 6% 93 % 2% , 17% 5% 2% 12% 10% 11% Sale 6K 350 Sale 6% 88 7% 350 9% Sale 10 K 18 7K UK Sale 18% Sale 12% Sale Sale 17 .......100 Preferred .....100 Amer Locomotive » ....... ...100 Foundry. Amer Machine At Metals Voting trust ctfs American Metal • » • Ex-rights, 7% Sale Sale Sale 37K 6K 35K 7 % Sale K IK 2 K 3K 28 K Sale 47 13 K 3 K 52 18 K Sale Sale 3 K Sale 73 8 3 Sale , 8 % 3% 33% 5% 88 8 18 15% 10% 14% 6% 28 33 7% 38% ' 7 ' 8% Sale Sale 30% Sale 65% 67 15% Sale Optional sale, Sale % 7% % Sale 88% Sale c 13% 19% Feb. 23 24 24 11 26 21 18 30 26 14 20 20 8% Mar. 29 17% Mar. 28 Apr. 26 29 Cash sale. Jan. Jan. 89 May 16 May 2 May 17 May 2 May May May May May May 28 May May May May May 43 Apr. 18 107% Apr. 30 6% Jan. 70% Jan. 16 11% Feb. 77% 34% 11% 7% 9% 106% 3% 23% 7% 5% 16% 14% 14% Jan. 7% Jan. May 4% 6% 93% 1 % 17% Jan. May Jan. May 5 2% 5% 5% 5% May May Jan. May Jan. Jan. Jan. 17% Jan. 2 23% 126% May 14 160% 122% Jan. 16 129J 13% May 12 23^1 12 % Jan. 2 20 ^ 3% May 12 7% May May May May May May 25 Jan. 16 41% Jan. 4 5 Apr. 19 Apr. 5 Feb. 6 Feb. 5 Feb. 6 Jan. 24 Apr. 26 Jan. 15 Apr. 24 Feb. 1 Apr. 10 Apr. 9 Apr. 10 Feb. 23 Feb. Apr. 17 5 Feb. Feb. 5 53% Apr. 5 45 5 Mar. 12 Mar. 13 40 Sale 9 30 58% U'A 8 14 1 34 49 14 11% 14 65% 14 30 7 108% 14 100% 15 143% May May May May May May May May 1 May 23 26 May 45% May 9% May 36% May 58 % May 11 ! 25% Jan. 36 Jan. 5 25% 40 Jan. 17 50% 4 7% Jan. 12% 4 46% Jan. 71 3 23% May 18 38 96 Jan. 10 110% 22 _ 6% 21 16 11% Sale 6% 29% 34 Sale Sale Sale 24 Feb. S Apr. IS Feb. ( 19% 38% 6% 20% 46% 2 2 4 1 2 4 May 12 Jan. 8 Jan. 11 Jan. 10 Jan. 8 33% Feb. 5 56% Feb. 5 12% Feb. 7 40 Apr. 24 60 Apr. 20 22 May 14 8% May 9 34 May 3 63 May 16 Apr. 35% Feb. 21 6% Feb. 5 62% Jan. 31 7 May 14 May 22 5% May 10 47% May 3 33 May 12 6% May 17 "3% May""! 2 May 12 6% May 10 6 Jan. 33 2 350 Sale Jan. Apr. 2\ Apr. 2"i Apr. IS 90% May 14 107% Feb. If 6 145% Apr. IS 126% Jan. 33 5; Sale ""2% "2% Sale 1 20% 6% 3% 14% 13% 19% May 12 7% 25% 42% 45 8% Sale 21% Sale a Sale 34% Sale 33% Sale Sale • 6% Conv preferred...—100 American News Co 32 % 27 % Sale 6% 7% 102% 3% 39 56 ""3% "Sale 10 Sale 26 4% 5% 46% Sale 107% 9% 76% 30% Sale 33 13 * May May May May May May May May May May May May May May May 20% Sale 22 Corp Foamite...* y 12 14 12 10 42 58 Sale La France At Ex-dividend, May May 5% May 13 May 20% May 38 8* 24 18 ....1 ........ Preferred. Preferred 41 s8* 36% » Internet 32% May 5% May 28% May 20% May 1 20% 133 Sale 126% May 14 146 127 127% 125% May 15 127% 15% Sale May 12 18% 14 13% 15 May 23 4% 434 May 12 5% 33% May 14 37 50 48 46% May 14 51 % 51 9% Sale 9 * Amer Home Products 8K * 2d pref A x 85 ♦ Am Hawaiian Steamship...It Amer Hide Ac Leather __...* Preferred 100 Am Mach At 2% 5% 100 .......... Am 6 82 45 Sale 107% , Amer 3 21% Jan. 2 Jan. 3% Jan. 60 188 * * 2,770 Preferred 454.500 American Can American Ice Jan. Jan. Jan. 81 28% ^ May 20% Sale 19% Sale May 45% Sale 46% 45% May 11% Sale Sale 8 May 64% Sale Sale 50 May 29% Sale 27 23% May 103% 109% 107% 109 106 May 100 Sale 93% Sale May 144 140% 143 143 140% May American Bank Note......10 42,900 Am Brake S Ac F 43,100 74,100 30,500 29,700 41,100 112,700 11,200 244,000 35,900 3,230 118,000 29,200 104,600 71,200 21,900 352,800 3,400 15,510 May May May May May May May May May May May May May May May May d" Sale Sale 31% 32% (Del).* 156.300 American Beet Sugar... 17,180 Preferred 43 Sale 9% Sale 74% 30% Sale 9% Sale 6% Sale 7% 7% 5% Sale 36% 38 49% Sale 50 Amer Agrlc Chemical 9.600, 35% 15 1 Preferred 4,580 Sale Sale 125% 126 18% Sale * .... Preferred 140.100 129,700 21% 13% 12% 12% .100 Allied Chem Ac Dye... Agric h" Sale 24 Sale 3 Pref series A $40 warr'ts 100 Amerada ii* 40 Sale Sale 106 • Pref series A $30 warr'ts .100 Amer 2% May 12 May 14 May 7 Sale Sale Sale 2% 19% 6% Mln.10 A P \llis Chalmers Mar. 21 2 May May 38% 37 May 16 39% May 124% May 1 124% May 10 7% May 14 11% May 2 Sale 100 Air-Way Elec Appll Corp....* Alaska 43% May 14 38% May 18 40 28% 1% Sale Sale 83 25 Addressograph Multlgraph 10 34,000 35,400 129,700 25 32 7H May 12 M1SCELL. ........ Adams Express 730 2,700 152,300 6,000 348,300 26,000 33,000 10,400 Ac Straus Preferred 128 11K 24% 100 ......100 Sale 13 6% 13% Sale 18% Sale 5% Sale 100 87 13% May 14 6 23% Jan. Jan. 18 6% .100 97 Sale Prices. 49 4 22 27 4 .100 # May 1 May 2 May 1 May 26 May 4 May 1 May 19 May 15 May 1 Highest. Prices 133 3% Sale Sale 76 100 84,300 Western Pacific 4 46 29% —100 ..... 11" Sale 32% 6% 6 % 100 ... 64,000 Piefarred A 1,100 Preferred B 335.600 Western Maryland 30.100 Second preferred 8% 17% 30% 8% 1% 49% 76 60 Vlcks Shreve & Pac Ry Co. 100 20 5% preferred...........100 2.590 353,200 21K Sale 94,500 Union Pacific Preferred i* 100 IK 6% 7 Sale 160% 2% 25% 29% 8c Ohio certlfs.-lOO May 14 May 31 12 1% May 7 2% 2% May 10 180 173 May 10 Sale 92 May 87% 86% May Sale 22% May 12 3% 8% 5% Sale 28% May 14 6% 5% May 3 27% 20% May 15 45 34 May 14 39% 32 May 5 Sale 4 May 17 11 9 May 14 30% 20 May 10 P May Lowest. Sale Prices 139 a\H Sale 20 Sale 304,320 i Sale Sale Sale Highest. P'lc e s. 140:' 100 Preferred 4 35 3 % Sale ......100 33,500 {Wabash iF Sale 22,700 Texas 8c Pacific..... ..100 14,900 Third Avenue .......100 34,410 Twin City Rapid Transit...* 11,320 Preferred..100 i 3% 25% 37% 34% 49% 50% 45% 37 K 40% 38% 38% Sale 37% 124% Sale 123 10% 14% 8% 35 Sale 157,300 {Seaboard Air Line... 29% 40 49% 100 1,362,000 Southern Pacific Co 697,300 Southern Railway.... 181,100 Preferred... 2% 2% 2% 7% 139 100 Preferred Sale 139 159 62.300 tSt Louis-San Francisco. 100 65,900 Preferred .......100 370 5% 8 K 5% Sale 45 20 K 90 McKeesp 8c Yough -.50 40 Pitts Youngs 8c Ash pf 7% 100 21,000 Reading Company.......-50 2,900 First preferred.......—50 8,000 Second preferred......-50 20 Rensselaer Ac Saratoga...100 4,600 Rutland RR. pref .100 85 Sale _ 12 K 100 2% 172% 96% 24% 30 % Pitts Ft Wayne 8c Chicago. 100 200 Preferred 100 250 Plttsb 3,000 87% 28* 40 Virginia..100 Pitts C C & St Louis Sale 4 764,500 Pennsylvania.............50 8,600 Plttsb 8c 9* Sale 7 K 4% 32 K 5K * 4,800 Peoria 8c Eastern a Sale 94 Lowest. Ask. 24% 7% Sale 86% 31% 85 May 31. Sale 2 K 178 K 50 preferred 1. Ask. Bid. Sale 15 IK 529,000 Northern Pacific......... 100 10,420 Pacific Coast 10 7,400 Flrat preferred * 5,595 RANGE SINCE JAN. 1. Price T STOCK EZOBANOB Shares. ... 33 PRICES IN MAY. STOCKS Since Jan. 1. EXCHANGE-STOCKS 7 18 16 9% 13 % 6% 26% 30 7% 38% 6% % 6 22% 50% 14 May May May May May May May May May May May May May May May May May 10 14 12 14 14 24 14 14 15 31 12 7 15 14 31 12 6% 1 7 May 5 19% May 10 79 May 12 24% May 14 9% May May 19 May 12% May 17 i May 8 May 35 May 34% May 8% May 42% May 8% May 1 % May 10 May 30% May 66 % May 16 May 10% May 10 May 24% May 85% May 29 May 3% Jan. 29 May 22 ""5" F~eb"."l6 3 10% Feb. 3 7 17 12 May 10 13% Feb. Jan. Jan. 30 25 Feb. 6 7 Feb. 6 9% 13% 6% 26% 26% 6% 35% 6% % Jan. 4 May 14 May 24 May 14 Jan. 5 Jan. Jan. Jan. Jan. 22 - 2 22 22 1 4 1 11 22 17 3 1 4 4 4 Jan. 50 Jan. 8 13 Jan. 4 3% Jan. 3 4% Jan. 24 73 21 { Companies reported in receivership Jan. Jan. Jan. 10 Feb. 6 Feb. 16 Feb. 5 Mar. 15 Apr. 26 Feb. 5 45% Mar. 26 11 Feb. 1% Apr. May 38% Feb. 74% Mar. 19% Feb. 10% May 10 - May 27% Feb. 10 22% May 14 18 17% 22% 10% 42% 36% 4 6 4 22 6 13 5 11 22 15 15 2 91 3 34% Mar. 13 Feb. EXCHANGE-STOCKS N. Y. STOCK RANGE SHNCE PRICES IN MAY. STOCKS Jan. 2 I. Y. STOCK EXCHANGE 551,5 ,mcr Ask. Bid. Par. i ares * 6X * * Power Ac Light 8)4 15 X 13 X Prices. Sale Ask. Ask. Bid 7 Sale Bid Sale Highest. Sale 6X May 20 X May 17 X May Highest. Lowest. Sale Prices. 8X May 8 21X Sale 18 X 20 13 X Sale 119X 120 Lowest. Sale Prices. Lowest. May 31. 1. May 1934. x n. JAN. 1. Price 14 14 6 12X Feb. 5X Jan. 1 CrckerreU Preferred (0)............ 79",i $6 preferred 74,] $5 preferred 098,5 Radiator Ac Stand San..* km * • • 987'.' 50,i 67,' 11,' kmerican kmer * Ship & Coinm kmer Smelt & Refining, Preferred Snuff Preferred .....100 nlH Sale Sale 39 X Sale Sale 122 Sale 8* 49 X 49 X 106)4 ..25 .... . Sale 53)4 25 Sale 20 2d Preferred...........100 kmerican * 8 44 X 100 71 & ............100 . _ aVA Sale Sale Sale Sale 116 May Preferred kmerican Sugar Preferred Refining.100 100 ....... • Toh km Sum kmer ..100 * ...... Stores kmerican 100 Telep Ac Teleg.. 25 Tobacco kmerican 25 Class B ..100 Preferred : A mer 20 X Sale 70 Sale 38 Sale 48)4 Sale 104 Sale 15 16 111 Sale 67 Sale 69 X Sale 108 Sale 4)4 5 * Foundries... Steel 4 May 14 May 24 77 May 16 43 1 57 X May 22 115X May 10 18X May May 7 May 14 70 14 72 X May 8 123 X May 8X May 12 11 20 X May 14 20 X May 1 1 7 29 IX 25 X 41X 123 92 58 123 X • Ty pe Founders Preferred. 42 X 48 X 17 X 118X 69 X 70X 121X 8X 18)4 Sale .* 20 19X 16 15X Sale 113 15 May May May 42 X 41X 48 May 55 X Sale Sale 111X May 114X 115 *17 X Sale 13X May Sale Sale 108 X May 114 Sale Sale 66 X May 69 Sale 67 X May Sale 70X Sale Sale 121 May 123 Sale 5 6 May 9 7X 17 1515 May Sale Sale 16X May 18X Sale Sale 77 Sale 8 100 ....... . km Wat Wks Ac El 62 X 67 X 63 42 X Sale 223, 123,: 121,' km Preferred.. 12 X 65 * kmerican Woolen. 100 ..... 76 55 51 1st preferred.... Sale Sale Sale 13X 72 X Sale 41 .... 1 kmer Zinc, Lead Ac Smelt Preferred 3, 504, 6, 44, 2, IX Sale 7 5X 6 5X 39 38X 1.4 X Sale Co. Inc preferred 25 ... knaconda Copper 50 8 Anaconda Wire Ac Cable... < 20 86 Anchor Cap Corp Preferred. • ....... kndes Copper Mining 55! Co ..100 Preferred krmour (Del) pref 100 krmour of Illinois class A..25 Class B .25 Preferred 100 krnold Constable Corp 5 krtloom Corporation 59 100 106 134, kssoclated 30 Jan. 30 51X Feb. 15 Feb. 15 29 28 1 Sale 7 X 44 X Sale 49 43 15X 11X Sale Sale : Sale I 21 Sale 3X Sale Sale Sale 6X Sale Sale ..... 38 X 14X 28X 38X 81X 10X 55 X 7X 39X Sale ..._.._* 100 * .... ...._...* Austin, Nichols At Co • .._.* Sale 90 20 6 5 Feb. 5 17X Feb. 83X Feb. 7 80 3 Jan. 4 50 X Feb. 13 May 14 17X Apr. il* Jan. 12 Jan. 8 84 Feb. 10 Jan. 6 Jan. Jan. 4 6 May 26X Jan. Jan. 110 Feb. 9 12 X Apr. 16 16 11 26 24 X Jan. 31 100 Apr. 17 8 10X Apr. Apr. Apr. 93 X Apr. 8 Apr. 3X Apr. 75 X Apr. 8X Feb. 10X Apr. 9 34 24 115 76 X Jan. 4X Jan. 2X Jan. _ 6 Jan. 55 5 4X Mar. 14 17X Apr. 23 IX 5X 5X 37 X 3X Jan. 4X Jan. 15* It* !§* " 27 X 47 X 98 X Sale 10 X Sale 40 X Sale Sale 6 82 X Feb. 84 X Feb. 6 8 8X May 14 May 14 7X May 6X May 24 May IX May 10 May 11X May 12 May 72 I 54 May 12 May 57 X 55 X May 12 May 40 XI 38 May 15 May May 15 19X 12 20 13 May 25 22 X May 27 X May .y 14 48 X May ay 10 May 10 100 X May 16 May 7 10 X May 1 3 31X May 14 43 X May 2 10X May 14 14X May May 7 51 May 12 60 I Sale li7/* Sale Preferred 6 4 125X Feb. 58 IX' 12 X 20 25X 3 115X Apr. 23 20X Mar. 13 Jan. 54 1 1 7 X 2 30 25 3 Jan. May 10 10 12 23 12 26 13 12 13 9 21 94 7X Sale 1 7t8 8X 8X 8 70 59 I ... * 68 100 Prior A 91X Sale 68 X 50 Sale Preferred Auburn Automobile 120 Sale Sale • i Sale Sale 112 X 113 92 X 91X 6X Sale 25 Atlas Tack Corp Sale 10 50 Atl G & W 1 SS Lines , 100 7 45 kssoclated Oil Atlantic Refining Atlas Powder 12X 99 X 100 ... 1 6X Sale 4X 4X May 13 X May 72 X May 76 3X May 18 1X May 23 2 6X May 23 12X May 7X May 5X May 14 May 39 May 16 45 13 May 14 15X May 11X May 10 X May 15 18 May 12 22 X May May 99 May 10 100 6 6 May May 8 29 May 12 33 X May May 25 2 113 112X May May 16 May 10 92 88 6X May 17 5X May 10 3X May 17 2X May 11 May 28 59 May 12 May 1 4X May 14 8 X May 8 7 X May 14 Sale Sale Jan. 3 123 X Apr. 10 2i 107 X Jan. Feb. 21 13 3 4X Jan. 2 28 X Feb. 21 6 7X Jan. 2 7 16X May 14 27 X Feb. 2 - Sale 7 3 Jan. 67 5 30 1?* Jan. 107X Jan. 65 X Jan. 4 26 Feb. Jan. 44 X Feb. Feb. 61 May 14 May 24 63 37 46 103 X 13 X May 14 May 24 58 3 .100 2d preferred...... ; 60 Sale Sale 1st preferred 5, 25, 528, 152, 2, Sale 4X IX 12X 2, 55, 112 Sale 68 X Apparel Indus..* Dry Goods.. 1 7, 4, 484, 19 Feb. Jan. 123 Apr. 12 94 X Apr. 11 58 Apr. 27 123 X May 3 Jan. 71X Jan. 48X Jan. 8 X May 14 70X , Sale 12 31X 27 10 krt Metal Construction kssoclated 7X ......100 Preferred 34,' 88 X 5X 26X 110 77 4X 2X 59 X 3X 4X * kreher Daniels Mid... 21, 116, 388, 573, 128, 16, 11 Sale 75 71X 10X Sale * Writing Paper $6 55, 59. Jan. 1 19X Jan. 35 X May Certificates "10", 18 30* 3X Jan. May May May May May May May May o May May May May May May May May 28X Feb. 19 Apr. 26 16 X May 36 Jan. 22 X May 4 52 X May 25 May Preferred kmer 3,5 16,J 88, 7,i 82,. 695, 67,' 340,' 10, 38,. 15; 624, 12 Cbem Corp.., kmer Solv Ac 177", May 2 21X May 1 14 X May 4 May 15 3 121 119 X May Sale 120 118 123)4 29 X Feb. 6 26 X Feb. 7 17X Feb. 1 May 14 May 15 111X Jan. 23 121 13 X Jan. 12 X Jan. 25 May 14 12 16 X 49 51X Sale 3 X 4.X Sale IX IX IX 22 25 22 X 35 X 38 X Sale 114 114X 118 I 84 84 80 X I 53 X 58 57 17 X Sale 51X 454 39X Sale ....* ....* kmerican Shipbuilding 385,5 25,: 13,. 27,5 38X 3X Razor kmerlcan Safety Sale 21 X Sale 19 ..25 * Seating..__......* 27,1 14*4 119 X ..* Republics Rolling Mill km 21X Sale 118 106 ......100 Preferred kmerican Sale 24 Sale Sale 14 X Sale 60 Jan. Jan. 5 1 9X 3X 18X 77X 64 X 11X Jan. 50 50 Jan. Jan. 29X Jan. 12 May 15 13 May 25 21 X May 14 35X Jan. 40X 16 24 35X 55X 83 Jan. 101X 16 X 7X Jan. 15 39X Apr. 24 57 X 7 Jan. 4 16X 31X May 14 64 Apr. Feb. Feb. Apr. Apr. Apr. Apr. Apr. Feb. Mar. Apr. Mar. Mar. Mar. Apr. 23 15 6 20 20 25 12 24 5 13 17 14 13 5 28 Austrian Credit Anstalt Autosales * Preferred ,133" 945, 51, 4, 54, 9, ...50 Aviation Corp of Del (The) Preferred 100 Bamberger (L) At Co pref.. 100 • Barker Bros Preferred ...100 .... 7X Sale Sale Sale irA Sale 10 Sale 96 Sale 44 X 96 X 11X 38 X 87 * 3 16 91 Sale 18 A* Sale Sale 5X May 14 6X Sale 7X Sale .5 - Baldwin Locomotive Works X Sale 4X 27 48 98 4X 9X May 40 X May 96 May 4 May May 27 Sale 7X May 4 5X Feb. 10 9X May 10 35 Jan. 86X Jan. 12X May 55 X May 98 X May 5X May 35 May 3 Jan. 10X Jan. 31 Feb. 5 64 X Apr. 99 Feb. 23 16 21 6X Feb. 5 38X Apr. 12 16X Jan. Barnet Leather 7% preferred.. 456" Bnrnsdall ....100 5 Corp 40, Bayuk Cigars, Inc 1, 68, Beatrice Creamery..... 3, 10, 289, 9, 656, 182 60, ,159 70, 14, 98, 2, 1, 2, 208 2, * 1st preferred....... ... .100 25 8X Sale 27X 32X 89 92 X 10X Sale 8 X 90 X 15 X 100 53 64 Beech-Nut Packlntf. ......20 60 65 Sale 61 Balding-Hemingway........ • Belg Nat Rys part pref 9 95 X .... Corp.* 17 X 14 * 26X Bendlz Aviation Corp. Beneficial Indus Loan 5 Best At Co Sale 28 37 Bethlehem Steel Corp. 7% preferred 100 Bigelow-Sanford Carpet Inc * Blaw-Knox. Sale Sale ........* Sale 65 X Sale 29: 11X Sale Sale 95 92 X Sale 13 X 116X 17 X 17 X 32 X 39 X 72 X 30 X 12X Sale Sale Sale Sale Sale Sale 18 18 25 100 Preferred 12 88 38 98 Sale 45* 45 49 Blumenthal Ac Co pref 100 Bohn Alum At Brass Corp...5 Bon Ami class A • 56X Sale 76 80 It* Sale 7 Sale 23 95 90 X 13 X Sale 87 X 60 Sale 12 Sale 117 X 118 14 X Sale 16 X Sale * Bloomingdale Bros 7X 29 87 X 67 X; 85 Preferred Sale 34 32 29 X . Sale Sale 30X Sale 87 X 60 10X 116X 13 X 15 X 28X 31X 60 X 31X 60 X Sale 26 X 27 * 25 11X- lox 18* May May May May May May May May May May May May May May May 1 May 2 May 8 May 4 May 18 May 9 May 1 May 25 May May May May May May May 8X May 32 95 16X 87 X 63 X 13 X 119 X 17 X 17 X 33 39 X If* 12X 97 X May 50 104 May May 10 Jan. 39 Jan. 98 Feb. 5 Mar. 16 55 58 May 29 47 X May 63 May 3 Jan. Mar. 87 X May 18 67 Apr. 23 Jan. Jan. May Jan. Jan. May 60 X May 25 May 10 X May 15X Apr. 24 8X 95X 13 X 12X 26X 31X 119 X May 25 1 23 X Feb. 19X Apr. 26 10 34 X Apr. 49 X Feb. Feb. 82 19 Feb. 5 40 26 88 Jan. 104 76 83 Sale trA Sale Sale 78 X Sale 76 May 23 X Sale 24 X Sale 22 May 25 X May 28 19X Jan. 23 X Sale 22 X Sale 20 X May 24 X May May May 32 X May 60 X May 53 May 1X 24 X 35 X 67 X May 10 May 4 May 4 20 X May Jan. 57 May 2 1 May 7 May 29 56 X Feb. 68 X Jan. 79 May Feb. 43 X May 49 X May 61X 19 16X Jan. 30 Jan. 43 X May 49 X May 79 22 18X Apr. 21 10X Jan. 18 22 102 X 105 7 23 89 19 24 Apr. 21 Booth Fisheries 1st preferred 100 Borden Co. 25 20 X 10 22 X 1 12 (The) Borg-Warner Corp 1 Botany Cons Mills A 16 Brlggs At Stratton • 5 483 282 ... 50 73 Bristol-Myers Co 35 Brooklyn Union Gas........ • 12 Brown Shoe. Inc.. * Preferred 864 47 100 Brlggs Manufacturing * Bruns wick-Balke-Coll • 13 27 64 49 Sale Sale Sale 16 Sale 65 J 51; 118. 12 X Sale 7X 8X 2 'A* Sale 24 23 Sale Sale 68 122 17 Sale 9 Sale 7 X Sale 34 X Sale *62 X 51 Sale 119 X I?* 34 A* 2 2\'a 4 123 X 16X 8 55 Sale 15 May 8X 6X May 6X 10X 5X May May May 5X May 30 May 3 May 9 May 4X May 2X May May 18 X May 9 X May 2 1 4 2 Brunsw'k Term At Ry Sec...* 47 58 2 354 14 182 137 14 . 1, 3, 7, 1, 1, 306, 13, 3, "l" 33, 26, 11, 206, 3, 10 Conv preferred....... Preferred (7) Preferred Budd 7%...... Wheel * Watch Bulova .... Brothers class A Class A 0 100 * Bullard Co Burns 5 ...100 * Budd (E G) Mfg v t c ......... Preferred ... • * * 100 Class B • Class B certificates * Burroughs Add Mach • J Bush Terminal Co 7% ..... • 100 debenture.. Bush Term Bldgs gtd pref " a Bucyrua-Erle Co Pref ctfs of deposit .100 Butterlck Superior Min!ng..l0 Byers Co.. Preferred. nal sale, x ._.._..* 100 Ex-dividend. Sale Sale 57 X 64 5X Sale 25 Sale 3X Sale 9 Sale 2X 2X 1 2X X 3X 1 3 Sale Sale 2X Sale 2X 5 X 15 X 12 Sale 65 X Sale 6 9X 59 Sale 6X Sale 6 Sale Sale 32 38 4X Sale 10 X Sale 34 5X 6X 3X 9X 4X 3 4 2 4 1 AH Sale 1 8 2 M 10 2 1 3 2X 14 X Sale 2X Sale 4 5X Sale 9X 5X May May 4X May 10* May May 3 May 1 13 X 1 10 12X May IX May 3X May 15 2 May May I* 4X 7 Sale 2X Sale IX IX 23 X Sale 48 Sale 12X Sale Sale 2 3X & 62 X 3X Sale Sale Sale 9X 2X 2X IX 11X Sale 2X Sale 20 X 20 X 52 X Sale J Companies reported In receivership. 9 May May 2X May May May 52 X May 2 1 7 7 it* 1 4 Jan. IX Apr. X Jan. 12X May 1 X May 3X Jan. 5X Jan. Jan. Jan. IX Jan. 2X May 2 3 X May 2 X 19 Jan. 15 25 25 Feb. 21 4X 15X 3X 2X 2 14 *19X 12 3X 20 9 44 6 30 16 28 Feb. 23 9 Feb. 20 12 Feb. 21 Feb. Feb. 23 1 Feb. 9 Mar. 8 3 2 2 13 Mar. 14 47 X Jan. 5 9X Feb. 14X Apr. 24 75 7X Apr. Apr. 5X Jan. 15X Feb. 6X Apr. 2 IX Jan. 26 1 Jan. 23 May IX May 25 X May 62 X May- 18X May 4 10 X Mar. 17 May 14 4 7X Jan. 2X Jan. 2 12 X May Jan. 3 May 2X May 4 80X Feb. 6 61 Feb. 16 *123 X Apr.19 6 X May Jan. 9 24 X Apr. 21 37 X Apr. 26 60 X May 50 X Jan. 118X Jan. 25 2 Sale Jan. 59 38 6X May 2 May Jan. 12 5 5 Feb. 3 8 5X May 9X May 12 May 31 3 5X Jan. May May 65 X May 2 7X IX &H 59 100 ButteCopper Ac Zinc.......5 Butte Ac 6X 10 15 26 27X Feb. 28 X Feb. 15 6 15X Feb. 23 3 Feb. 16 1 4X Feb. 2X Feb. 16 7 32X Feb. 67 X Apr. 23 June, 1934.] N. Y. STOCK AGGREGATE SALES, In May. Shares. 53,400 6,100 25,300 5,200 22,900 2,500 1,800 1934. May Ask. Par. Bid. 1. 134,800 Callf Packl nft Corp......... * Sale 73,800 169,900 94,600 116,100 40,800 16,200 4,550 482,700 4,735 293,100 844,800 14,000 40,580 14,190 29,740 49,700 Sale 1 Sale Sale 5 Sale 30 860 690 71,900 340 53,300 137,100 143,400 22,000 1,200 500 19,700 7,900 10,900 2,800 4,800 9,500 90 766,900 8,200 700 20 10,700 6,100 100 400 1,300 2,700 Callahan Zinc-Lead 10 Calumet Ac Hecla Cons Cop 25 Campbell W & C Foundry...* 1,300 52", 500 1,000 23,300 Case (J I) Co F.-ef 7% 370 500 7,200 50 2,200 162,000 470 43,300 25,800 166,800 20,800 55,800 2,500 760 940 850 27,300 2,800 28,200 1,100 9,700 200 9,700 7,800 143,000 700 49,900 20.300 18,800 9,000 19,200 800 45,400 3,700 14,800 23,300 129,200 34",250 500 20,800 13,400 4,900 10,500 1,300 10 20,300 8,600 800 6,800 27,500 2,380 5,300 24,500 11,600 130,200 75,000 170 "2",900 1,606 3,800 2,000 5,900 20 7,300 2,800 91,000 5,700 141,300 1,300 7,800 85* 36 663* A* Sale Sale 77 Sale Corp of America... * * Voting trust certificates._• Sale Preferred iCelotex Co IF Sale IM Sale AA Sale ... Sale 100 Sale 85 ♦ Sale 32 • Century Ribbon Mills Preferred.. Sale 6 Sale 18 100 3,000 Checker Cab Sale * ... 105* 17% 263* Sale Sale 67 9 28 29% 95% 100 95 • 95 Sale • 50 51 Coca-Cola Internet Corp * Colgate-Palmolive-Peet Co..* 181 * 19 90 Sale Sale 223* Sale 90 Sale 72 Sale 14 Sale 123* 62 70 70 Sale 50 Preferred B 25 24 1st preferred 91% 95 393* 245* Sale 100 913* • 34 Sale 23* 443* Preferred Prior preferred oref x (iH) 963* .....* 193* 124 Sale 16 12 10 31 14 53* May 14 73* May 193* May 14 255* May May 7 xl6 May 235* May 14 May 65* May 8 May 12 % May 16 153* May 363* May 14 473* May 203* May 8 l\Y* May 81 May 29 86 May 50 May 22 52 May 1 May 12 15* May 3* May 2 5* May 35* May 14 35* May 33* May 9 33* May 105* May 14 Vky* May 343* May 10 39 May 13 2l% Pref 15 67 57 55 55 Sale Sale 29 285* 104 503* 95 Jan. 303* May 16 33* Jan. 173* Jan. 19 9 May 31 403* Feb. 15 5 75* Apr. 35 5 Apr. 163* Mar. 16 483* Apr. 21 46 24 May 14 67 5* May 25 17 1 18 29 1 9 4 1 1 22 2 28. 233* 235* 23* 13* 63* Jan. May 23 Jan. " Jan. Jan. 24 Mar 7 5* Jan Mar. 31 . 34 4 95* *25 13 113* 59 583* 95* 483* 565* Sale Sale 11 Sale Sale 5 5 745* Sale 140 Sale 35* Sale 283* Sale Sale Sale 8 31 67 Sale Sale 163* Sale Sale 32 Sale Sale 895* Sale 23* Sale 103* Sale 1113* 1083* 111 Sale Sale Sale Sale Sale 11 623* 81 Sale 9 95* 31 Sale 13* 203* Sale Sale 71 1 103* Sale 9 Sale 13* 593* Sale Sale 743* Sale 8 303* 13* 195* 133* 693* 43* Sale 55* Sale 100 233* Sale 28 Sale 100 49 1 63 13* 70 Sale 7 Sale Sale 3! 223 Preferred... 433* 453* 42 Sale 46 Sale 24 Sale 773* Sale 1 3% Sale I 95* Sale Sale Sale Sale Sale 223* Sale 79 Sale 33* 105* Sale Sale Cushmans Sons 7% pref.. 100 8% preferred • 91 Sale 85 87 843* 89 85 17 173* 73* 153* 63* % i3* 285* Sale 115* Sale Co............._..* Preferred.......... 20 .........100 * Douglas Aircraft Co Inc * Dresser (SR) Mfgconvcl A..* Sale 80 Sale 105 27 5 67 Apr. 23 Jan. 86 May 22 % Jan. 5 3* Apr. 20 35* May 14 52 50 3 Jan. 12 5 85* Jan. 28 Jan. Jan. 3 Feb. 5 19 Feb. Apr. 9 Feb. 23 30 Feb. 17 23* Feb. 6 Feb. 6 Feb. 6 .13* •55* 53* Feb. 21 215* Mar. 5 45 Apr. 7 17 115 Feb. 23 Apr. 9 Feb. 10 3 1 5 2 28 1 4 2 28 26 8 1 5 2 127 11 Jan. Apr. 24 543* May 31 18 5 63* May 35* Jan. 103* Jan. 32 62 763* Feb. 27 85* Feb. Jan. 113* Jan. 41 58 \F Jan. Jan. 6 Feb. 23 6 Feb. Apr. 24 773* Apr. 23 34 5* May 28 6 35* Feb. 525* Apr. 23 Apr. 21 58* 50 Mar. 9 233* Jan. 29 Mar. 3 Jan. 30 Mar. 3 913* Jan. 106 24 Apr. 30 355* Jan. 4 May 16 91 3 1083* Apr. May May May May 19 5* May 595* Apr. 11 263* 103* 273* 123* Jan. 503* 50 33* 145* 315* 883* 23* 93* L10 3* 5* 93* 33* 83* 15* 59 693* May 8 May 28 May 13* May 173* May IF 58 563* 45* 16 3* 353* 903* 3 12 111 13* 115* 43* 105* 15* 61 May 95* May 333* May _ 10 12 10 10 17 12 10 10 7 12 1 10 20 63* 333* 133* 303* 41 60 6 283* 63 23* 73* 493* 473* 253* May 5 803* May 28 4 May 1 11 May 28 91 May 1 343* Sale 213* Sale 143* Sale 105* Sale Optional sale, c 6 Sale 73* 14 163* May 7 May May 14 63* May 10 24 Jan. 25 Mar. 17 Apr. 12 Apr. 11 Apr. 16 59 55* Feb. 15 173* Feb. 15 6 475* Feb. 923* Feb. 45* 143* 1113* 23* 135* 55* 145* 25* 6 5 6 64 May 14 Jan. 4 Jan. 2 Jan. 3 Jan. May 10 2 9 6 4 12 2 Jan. 10 9 Jan. 2 Jan. Jan. Jan. 8 3 2 53* Jan. 803* Mar. 683* Apr. 3 6 6 11 Jan. 4 6 Jan. 10 Feb. Feb. 82 485* 109 Sale Sale 233* 24 Sale 203* 115* 75 463* 107 233* 303* 363* Sale 205* Sale 385* 22 20 Sale 145* 95* Cash sale. 153* Sale 203* 14 115* Sale 183* May May 78 May Sale 40 May 109 111 May Sale 1215* May 295* May 303* Sale May Sale May Sale May Sale May Sale 75* May Sale VF IF \VA 14 27 31 143* 18 773* 14 52 1 110 14 24 14 31 12 395* 14 11 22 22 15 10 113* J Companies reported in receivership. May May May May May May May May May May May May 7 Apr. 23 Apr. 18 Jan. 24 Feb. 7 Feb. 9 Feb. # lit* si* 2 Jan. 6 7 13 Feb. 28 Feb. 833* Apr. 21 6 115* Feb. 353* Apr. 20 2 Jan. 13 Jan. 31 May 12 72 May 12 3 May 14 83* May 14 845* May 22 16 5 Jan. 60 Jan. Jan. Jan. 19 Feb. Mar. 59 Jan. Jan. Jan. Jan. Jan. Apr. 135* Jan. May 1 May 22 May 2 May May May May May 17 May May May May May May 16 May 4 30 58 May 14 13* May 21 May 14 71 8 145 Jan. Jan. May 2 63* Jan. Jan. 31 May 1 May 31 453* Jan. 49 Feb. May 26 May 4 23* Jan. May 18 105* Jan. May 315* May May 82 Jan. May 23* Jan. May 93* May May 108 Feb. May 1 % Jan. May 63* Jan. May 25* Jan. 7 Jan. May 1 Jan. May May 463* Jan. 81 14 14 14 14 14 Jan. 95* Jan. 14 Jan. 55 75* Jan. 23 55 50 365* 135* 313* 143* 21 Apr. 21 Jan. 31 Jan. 26 Apr. 25 Feb. Jan. Apr. 5 31 13 Feb. 1 413* Apr. 69 Apr. 65* Apr. 385* Feb. 71 Apr. 33* Feb. 20 26 27 19 19 9 8 93* Feb. 493* May 16 505* Feb. 16 295* 843* 53* 123* 91 85 Apr. Apr. Jan. Apr. May Apr. 12 13 31 2 1 27 213* Feb. 21 83* Feb. 5 Jan. 31 • a 303* 95 26 29 * Participating Dominion Stores Ltd.......* Sale 14 293* 1st Preferred...........100 0% Pref..25 Dome Mines Ltd............* 26 65 Deere Ac Ex-dividend, Feb. 24 May 18 Apr. 94 88 Cutler-Hammer, Inc........* Davega Stores Corp 5 34,000j Class B.. _ 79 2 108 14 15 14 14 " May May May May May May May May May May May May May May May May May 603* May 1433* May 53* May Sale 31 May Sale 113* May Sale 243* May Sale 393* May 60 May Sale 45* May Sale 213* May Sale 60 May Sale 13* May Sale 63* May Sale 42 May 445* 413* May 43 14 ..... 2 Jan. 50 8 Sale Sale 63 May May May May 147 Sale 40 47 195* 93* 233* 105* Sale 145 Sale 45 Sale Safe 4 Sale 1423* 55* 33 133* 303* 353* Sale 37 Diamond Match 19 183* Mar. 13 923* Apr. 18 283* Feb. 19 65 153* Sale 765* Sale ,73* Sale 245* Sale 13* Sale 175* Sale Publishing Co (The)* . 12 12 13 5 563* May 473* May 14 1063* May Sale 565* 3 3* 59 573* Sale 47 Curtis Reynolds A... 4 6 6 21 5 95* Jan. 683* Jan. 15 5* May IF Sale • 100 Cudahy Packing 50 Curtiss Aeropl & Mot Co Inc * Detroit Edison_ 865* 843* 335* 44 3* 45* 2 May May May May May May May May May May May May May May May May May May May 125* May 14 165* 873* May 23 92 155* May 14 223* 87 87 May 18 905* 73* 63* May 5 63* 4 43* May 12 55* 17 20 May 24 20 Sale 67 May 14 75 Sale 145* kkH May 14 68 Sale 62 May 31 Sale x59 May 14 713* Sale 243* May 14 345* Sale 2 May 12 25* Sale 40 May 12 475* Sale May 14 325* Sale May 15 483* Sale 28 May 25 29 29 283* May 14 293* Sale 1013* May 25 1053* 553* 43* 57 13* 115* 45* 105* Sale Sale Sale Sale Sale Corp 39 24 20 20 953* Jan. 503* Jan. 175* Sale 103* 93* 53* May 14 163* Jan. 12 285* 113* Apr. 16 xl6 305* 193* Jan. 6 Jan. 115* 123* May 16 175* 363* May 14 605* 173* Jan. ~ 245* 14' 2 3 2 Jan. 38 30 23 5 23 May 22 May 31 87 49 Sale 59 Sale 108 Cuba Co (The) • Cuban American Sugar....10 Preferred 100 Curflss Wright Class A Sale Sale x225* 67 12 20 Crucible Steel of Amer Preferred Sale 65 IF • ... Devoe Ac 82 26 5* Jan. 95 1143* May 12 124 533* May 12 54 Sale 1063* 108 255* 103* 263* 123* ♦ 550.Com Exch Bank Trust Co..20 180,350 Corn Prod Refining 25 4,480 Preferred..............100 210,900 Coty.Inc 164,600 Cream of Wheat ctfs.......* 62,400 Crosley Radio ..........* 81,000 Crown Cor". At Seal........* Preferi ed 9,510 ........* 140 Crown Wll P 1st pf 209,900 Crown Zellerbach v t c... * 4 353* 885* 23* 1 921,000,Continental Oil of Del x 106 453* Sale 453* 48 23* Sale 103* Sale .100 26,600 Continental Diamond Fibre No par value, 27 48 Sale 553* 63* Sale 293* 313* 101,400,Continental Insurance..2.50 269,900,Contlnental Motors • 393,900 34,800 26,100 59,500 230 49,200 15,000 628,100 40,700 1,406,100 14,500 105 503 * warrants..100 239,700'continental Can 82,900 1,639,800 773.600 550 240 30,500 8,500 283* 50« ♦ 100 81.500 Continental Bakcl A 134,700 Class B 10,900 Preferred........ 158",900 Sale 283* 323* Sale 85* Sale 243* Sale 83* 9% 38,100 Consol Laundries Corp.... 1,557,000 Consolidated Oil Corp * 3,010' 8% preferred 100 594,900 Consolidated Teztlle • 131,900 Container Corp class A....20 206,100 Class B.. • 70,600 12,500 79,500 215,600 12,470 57,800 80 Sale 2 225* 323* 125* 83* May 14 May 283* Jan. 55* Jan. 21 22 22 22 3 24 25 22 22 22 7 1 343* 15* 65* 153* 293* Apr. Jan. Feb. Feb. Apr. Apr. Apr. Apr. Feb. Feb. Apr. Feb. Apr. Apr. Apr. Feb. Feb. Jan. 4 stamped 57.900 Consol Film Industry 143,900 Preferred 1,220,700 Consolidated Gas 50,900 Sale 1 May 53* May 125* May 26 May 35 May 9 May 36 May 663* May 77 May 31 May 313* May 33* May 33* May 18 May 293* M^y 113* May 863* May 365* May 65* May 303* May 10 May 463* May 100 40 Conn Railway At Lighting 100 70 4% preferred...... 100 117,600 Consolidated Cigar........ Prior Sale 185* Jan. % Jan. 343* May ......100 63*% preferred Convertible preferred 1,849,400.Commercial Solvents... 23,500,Conde-Naat Publlc'ns.. 291,700 Congoleum-Nalrn Inc 12,300 Congress Cigar 825 655* Sale 28 363* Sale ... 73 Sale 25 3,410 17 Sale 38 5,140, 63* 43* 6 283* 25* Sale 50 25 " 73* 24* 32 255* Preferred 7%.... 2,300 IF *8* Sale 6,290 830 543* 25 Sale Sale Sale 36 116 123 Sale Sale 429,400 Commercial Credit........10 16,800 i§* 65* 55* 193* 22 3 19 28 Sale 14 1 10 14 7 31 23 15 14 25 14 23 12 10 8 14 12 240 163* Sale 15 5*. Sale 33* 45* Sale IF 23* Preferred 268,900 Comm Inv Trust 1 54 201,200 Columbian Carbon • 83,700 Columbia Pictures Corp ▼ tc* 1,914,650.Commonwealth Ac Southern Class A lky 50 » .... 17,900, 533* 92 8 , 3,220' Preferred. 100 25,600,Columbia G Ac El PreferredlOO 1,251,000, Common.. • 2,150| 5% pref series B 100 165,200! Sale 703* Colonial Beacon Oil Co Sale 116 Sale 79 Sale 395* 100 1193* 533* Sale 100 {Colorado Fuel Ac Iron 18 Highest. Sale Prices. Sale 7 5* 43* 4 Lowest. Sale Prices. nl* Sale 203* 143* 265* 63* 123* t393* 205* Sale 233 105* 653' .........100 Sale 80 13* 3* 35* 3% 163* 373* Sale Sale Sale 86 52 Sale" 8 Equipment • 26,200 Cluett, Peabody At Co......* Preferred Sale Sale Sale 18,800,Clark ...... Sale 153* 465* 215* 19 % 3% 13 Sale 133* 6% 88 8* 103* Sale 11 Highest. Sale Prices. 293* May May 4 8 May 83* May Sale 21 May Sale 305* May .J** 103* w* May 32 32 333* May 46 503* Sale May 69 70 675* May Sale c253* May W* Sale 24 235* May 25* 33* 23* May 3 23* May 163* May 26 Sale 26 May 11 Sale 93* May 93 85 833* May 343* Sale 303* May 43* May J* Sale 28 31 263* May 9 Sale 9 May 44 Sale 405* May 75* Sale 25 \lH Sale 14 149,000 City Stores * 64,500 Voting trust certificates..* 10,500 Class A 11,800 Class A rot trust ctfs * 440 Preferred 50,400 Coca-Cola Co (The) 9,900 Class A.. 455* Sale 78,300 Chicago Pneum Tool 72,400 Preferred 4,600 Chicago Yellow Cab • 47,100 Chlckasha Cotton Oil It 120,200 Child s Co.. 2,750 Chile Copper .....25 4,791,900 Chrysler Corporation. 5 58,200 City Ice Ac Fuel • Preferred ..............100 5,710 40 City Investing 100 Sale Sale fo 17% 5 134,200 Chesapeake Corp Lowest. iS* 93 Sale Central Agulrre Associates Collins flt Alkman 43* 16 153* 283* 103* 100 Preferred Sale A* Sale Celanese 240 Debenham Securities........ 49,100 Sale Sale ... 120 355 8,300 14,600 163,100 Sale * Warrants 208", 900 Sale 683* 100 Preferred 600 125* 26 35 27 Sale 100 Caterpillar Tractor 782,800 Cerro de Pasco Copp 117,100 Certain-Teed Prod 5,800 7% preferred 494,840 8,100 286,400 1,820 1,200 79,200 1. Sale Prices Sale 43* 93* 215* 305* Sale 10 A Ask. 30% Sale Capital Admin Co Ltd CA..1 Preferred class 33 Sale Sale Canada Dry Glng Ale....... 5 Cannon Mills ..* ...... "8*,700 ♦ May 31. Ask. Bid. Sale 1,900 2,300 1,190 9,500 4,800 y RANGE SINCE JAN. Price Jan. 2 Jan. 1. Shares. 35 PRICES IN MAY. STOCKS N. T. STOCK EXCHANGE Since EXCHANGE-STOCKS 26 343* Feb. 1 Jan. 30 Feb. 23 55y Apr. 25 17 110 May 14 283* Jan. " 28 24 1 28 28 5 16 313* Jan. 24 403* Apr. 2 23 _ 10 16 283* 19 Mar. 10 Jan, 31 Feb. 17 113* May 28 EXCHANGE-STOCKS N. Y. STOCK 36 RANGE SINCE JAN. PRICES IN MAY. AGGREGATE SALES. STOCKS N. T. STOCK In Since May. Jan. 2 EXCHANGE Jan. 1. "6*,66O 10 20 110,300 124,100 8,000 20,800 210 "1,766 119,006 i¥ASale Eawtern "95" ~~5H Rolling Mills. Sale Co. of N. J-* ........10« Eastman Kodak Sale Preferred. 1,370 376,600 Eaton Mfg. Co..-...-.-...-.* 20 894,400 E I duP de Nem 8c Co cumul preferred....100 28,000 41,400 Eltlngon Schild ——... New 27,600 1,500 654% con? 1st pref 100 1,167,700 Electric Auto-Lite (The)—5 235,000 Electric Boat 24,200 92 M Sale Sale 12034 Sale 1334 Preferred 89,400 27,000 (0).. 150 1,600 1,500 2,100 1,400 17,500 9,700 113,900 2,500 6,700 72,000 131,900 565,100 13,640 2,000 1,800 4,600 2,000 59,700 4,170 240 30 8,200 450 99 93 Sale Sale * Sale .... Sale * Sale 1 Sale 234 Sale 5 13 18 Sale Sale Sale Sale Sale Evans Products Co—......5 Sale Sale * ......25 Sale Sale . 234 151 Certifs of deposit.... -25 Preferred —.100 a VA Sale 7 Sale ..100 Pref ctfs of deposit Fairbanks Morse 8c Co Sale 7% preferred....... 100 Fashion Park Assn.........* May 3 Sale 125 2054 Sale 125 May 14 54 May 15126 80 100 200 3,800 4,000 5,900 6,700 400 Federal Light 8c 534 Federal Screw Works 18,400 1,300 11,100 3134 854 2634 10454 2054 Sale 87 8534 ... Preferred series A......100 13,700 77,100 First National Stores 23 7 55 50 90 75 95 85 6454 Sale ... 234 29 3034 934 754 2034 1734 Sale Sale 81 15 10 25 2 20 6 26 21 10 28 Apr. 43| Jan. 21 834 Jan* 1954 Feb. 7 Jan. 24 134 Feb. 21 354 Feb. 23 8 Jan. 4054 May 54 May 134 Jan. 52 Feb. May 14 63 3 126 Jan. 434 May 1154 Jan. 51 May May 11 Feb. Jan. 57 75 434 5 Jan. Feb. Feb. Feb. Mar. 31 2254 Jan. 7 May 3434 Jan. 75 May 10 70 Jan. 554 May 1134 Apr. 62 19 19 6 3 Mar. 13 Feb. 14 Apr. 10 Jan. 30 Feb. Feb. 23 6 2354 Jan. Apr. 20 Feb. Feb. Jan. Jan. 3 2 Jan. 154 Jan. 254 3234 934 May 18 7 25 7 3 87 2 71 6534 May 1 7 22 May 7 15 12 11 21 May May May Apr. 10 Apr. 25 5434 Jan. 5934 May 22 19 Apr. 27 Apr. 2 Apr. 17 Apr. 4 Apr. 14 Apr. 18 Jan. 10134 May 28 10454 May 17 2154 May May 86 May z81 May 6534 Sale 5 Feb. 1 Mar. 434 Feb. 3 Feb. 7 Jan. 30 Jan. May 1 May 2 May 4 May 10 May May May May May b Feb. 154 Mar. 4 2 7 1 7 Feb. 1434 Jan. 634 May 734 Jan. 9 Jan. 4 16 Mar. 20 120 May May 7 May 11 2534 May 22 4 834 May 754 734 May 29 934 May 9 954 Feb. 7 Apr. 18 434 Jan. 18 85 May 6 Jan. 2 554 May 1634 May 1734 May 81 22 Jan. Feb. 1634 May 1434 May 4534 May 1 May 234 May 26 16 Jan. May 854 May 634 May 1534 May May 56 4 19 Mar. 30 104 102 May May May May May 554 May 2?4 May 2 May 554 354 2 • Fidelity Phenlx Fire Ins.2.50 Fifth Avenue Bus Sec Corp 7 May 13 5034 May 31 24 534 334 * Preferred 100 1,000 232,000 Firestone Tire 8c Rubber... 10 """170 5 May 434 May 25 7 80 Federal Motor Truck 180 Fllene's Sons 234 134 834 S* Mining 8c Smelt..100 ..100 Preferred Federal Water Service A 534 May 12 Sale 734 Sale Preferred Federal May 12 934 May 12 20 May 14 6 34 1334 Sale 5034 Sale 21 Stores.* Traction..15 May 11 1534 May 11 654 Sale 1034 1034 2354 Sale 654 15 11 14 18 15 14 434 May 11 1234 May 14 454 434 1334 Sale 15 1434 Preferred.. ............100 Federated Departm't 20,400 70,100 1,310 5,200 1,800 52,500 39,700 43,700 61,900 2,160 1,200 6,900 7 51 5234 Sale 19 21 5; 9 71 57 134 12 M Feb. 9634 May May 3 2234 Apr. 16 10334 Feb. 2122 May 16 140 934 May May 14 4 May 2 14 1 30 534 May 5 9 Mar. 4 754 May 16 Feb. 10354 Apr. 16 2454 May 99 May May May May May 54 154 23 9 110 7 May 25 434 May 14) Sale 1154 Mar. 26 14 2 93 Sale 14 1 7 21 16 4 1 21 4 1 1 22 1334 May 1234 1134 4054 54 134 \i* 41 5434 5234 120 Sale Fairbanks Co 8 17 May 14 1934 May 734 Sale 534 Sale 1434 134 234 preferred.......—* Exchange Buffet Corp. May 14 May 14 II 434 Sale 754 Sale 634 Sale 1634 Sale 1434 Sale 44 4434 Equitable Office Bldg ...— Eureka Vacuum Clean......5 $6 cum May May May May May May May May May May 16, 9354 May 80 1 12234 May 11934 May Sale 94 21 554 Sale . 42,100 tElk Horn Coal Corp Preferred...... ....50 31,410 Emporium Capwell Corp... 16.900 Endicott-Johnson..——..50 Preferred ....100 3,600 24,400 Engineers Pub Service...... * $5 conv preferred ......_.* 11,940 $5.50 preferred 18.000 "2", 660 Highest. Sale Prices. it* 12 1154 | Sale 97 Sale Elec Storage Battery. 14 23 shares........ American 472,000 Elec Power 8c Light—.— Preferred certificates 138,700 Lowest. Sale Prices. Sale Elec & Musical Ind— 360,820 123,100 42,500 18,200 8,800 2,400 1,500 2,700 18 1634 8434 Sale 12234 Sale 1934 Sale —10« 3 Preferred...... 5,870 170 Sale Highest. Sale Prices. 104 May 21 104 104 10634 102 1 10334 10134 10234 10134 May 10234 Sale 2934 May 19 30 35 25 2434 954 May 14 734 754 754 954 Sale ! 96 Sale I 9534 8754 May 7 9634 93 1 140 135 May 140 Sale 138 135 Sale 1534 May 12 1934 Sale 100 ....... 320 Ask. Sale 7 16 Sale 1 Lowest. Sale Prices. May 31. Ask. Bid. Bid. 10 .. 12.200 Duplan Silk.............. Preferred 100 330 2,430 Duqueine Light 1st pref.-lOO 380 Durham Hos Mills pref—100 1,300 35,700 156,400 6,000 Drug. Inc Dunhill Int Ask. Bid. Pat 72",200 I 1. May 1934. Shares. Shares. 1. Price 17 Feb. 19 Apr. Apr. May Jan. 21 23 Flsk Rubber 100 First preferred Shoe class A 15 4,600 Florsheim 300 Preferred 6% 104:266 52,500 6,600 19,300 -.100 9 tFollansbee Bros 80 10 1034 1134 1454 Sale 19,600 Food Machinery Corp 162,400 Footer-Wheeler 720 7% conv preferred.. * 58,900 Foundation Co 39,300 Fourth Nat'l Investors 12,700 4,300 17 45 80 1334 1454 1934 Sale 1 23 22 11 aH3/s 17 Sale 18 Sale 7634 Sale 1234 Sale 2334 Sale Rights Class A 328,500 170 2,210 184,100 1,700 2,250 2,970 55,500 5,260 124,900 41,200 100 320 600 4,100 1,240 7,800 300 16 100 10 Free port Texas Co 4354 Sale 434 Sale 1834 1854 1454 1434 70 65 1134 10 20 Sale May 14 234 May May 1234 May 70 May 834 May 2054 May 17 Sale 1 14 24 14 14 18 Class A 410 30 ""666 10 General 470 100 900 800 1,100 50 5,100 5,600 4,400 15,400 110 47,400 2,400 10,200 1,200 60,900 890 27,300 45,000 900 5,200 99,200 2,600 11.300 290 54 16|500| 7% preferred 413,900 Glldden Co (The) 6 965 7% prior preferred 271,400 Gobel (Adolf) Gold Dust certificates Preferred 1534 20 25 15 16 954 100 654 354 21 14 Sale" 10454 Sale Sale Sale Sale Sale Sale Sale 1034 Sale ...» Sale Sale 79 88 Sale Sale Sale • * * 40 10134 95 Sale Sale Sale 21 Sale 19 1254 Sale 38 Sale Sale 52 Sale 454 Sale Sale Sale Sale Sale 100 Sale Sale Sale 9634 • 86 Sale Sale 88 334 Sale 8s ily> iiH ..... Sale IS* 234 Sale IVA iJB Sale 1334 9334 Sale Sale 3734 Sale 6054 354 2234 2534 10034 Sale Sale 5 .* 54 5434 5454 11234 10834 2934 3154 Sale 10054 10054 9854 5 454 1034 alVA 1654 1854 Sale 56 Sale 20 100 • Sale 11* 934 57 Sale 23 Sale Sale 23 22 98 Sale 19 110 634 Sale 1834 119 107 : ..» Sale 50,100 7% Pre'erred-. 100 561,600 Goodyear T A R 25,750 preferred » 114J50 Gotham Silk Hosiery • Preferred..............100 730 Preferred ex-warrants..100 value, a Optional sale, c Cash sale, May May May May May May May May May May May May May May May May May May May May May May May May May May May 9834 Sale Sale 5754 18* 50 Sale 5254 Sale Sale 2734 Sale Sale Sale 72 Sale Sale 754 4834 60 6934 80 56 1234 May 12 4554 May 14 2634 May 12 74 May 19 7 May 14 56 May 10 1634 5654 3554 8134 934 63 Gould Coupler**A**.........* No par May 17 x Ex-dividend, 8 21 1254 5234 Sale 5434 Gold 8c Stock Telegraph.. 100 512,800|Goodrich(L /) 21 Sale Glmbel Brothers...........* 3,700' Sale if * General Refractories Voting trust certificates..* Gen Steel Castings pref * 376,700.Gillette Safety Rasor • 20,800' Convertible preferred * 341 600 2234 1234 Sale 3234 Sale Sale • • 62,500 77,200 2,330 10 69*966 — Preferred 100 Gen Realty 8c Utilities Corp. 1 19,300!Prele,™, 102 700 2054 754 Sale • * * _.__.....* Preferred.. 55 700 General Public Service 07 OOO.General Ry Signal. 60 400 Preferred (5) 990.General Printing Ink 296,800 2934 102 754 Sale 434 Sale » (7) 1^480 20 May May May May May May May May May May May May May May May May May May May May May May May May May May May Sale 101 1234 Sale 3534 Sale 506 G*11 Outdoor Advertising...* 8!800| A * 26,000 May 24 Sale 1754 Sale 934 Sale aV/a 734 3434 3754 3834 Sale Sale 106 10834 Sale 108 1834 1934 Sale 2154 Sale 15 7 14 13 36 36 preferred A ... 6,000 1,700 General Italian Edison * 63,200 General Mills Preferred..............100 4,600 Gen Motors Corp, 10 57,400 1254 3154 54 May May May May May May May May May May May May May May May May May May Sale 10 May 2 May 11 May 1 May 21 May 4 May May May May May May May May May May May May May May 28 May May May May May May 234 1354 734 8434 3434 76 2534 * Electric..... Preferred A (8)—— 4,359,700 11 87 Sale 106 834 Sale 434 Sale * 100 Conv 900 234 Safe* 8?" 101 * Class B 13,300 1354 1154 Sale Special ...10 118,200 General Foods 245,300 Gen Gas Jc Elec CI A.......* 365,887 Preferred A 24 14 21 ..10 ........ 2,287,110 Sale 82 Preferred Class A 28,400 47,700 Gen Cigar Inc Preferred (7) 4,170 309,350 28,300 44,800 44,200 1034 3854 Gen American Investors Gen Amer Transp Corp General Asphalt *29" 24 934 Sale 5 129,400 General Bronxe........ * 64,900 General Cable Preferred 7%..........100 17,220 11,400 5,600 1,400 1,900 7,600 158 31 18 Gamewell Co (The) 2,770 410 • Jan. 25 4 Apr. 1754 Feb. 21 May 22 Feb. 80 Mar. 1734 Jan. 2734 Feb. 234 May 12 1034 Jan. 9 1234 May 14 60 Jan. 23 834 May 14 1954 Jan. 5 7634 May 1334 May 2334 May May May May May May 5334 49 4834 3934 Sale 135 130 13034 1654 Sale 3 254 146,300 General Baking Co.........5 Preferred * 15,900 Sale 135 29 6% conv pref ...........100 Fuller Co prior pref 2d preferred Gabriel Co (The) Sale 50 new Franklin Simon pref.. 3,900 222,100 177,200 19,300 28,600 PW 2*2 11 21 4 16 16 30 5 Fox Film "A". 35,200 793,800 9,300 1,100 2434 22 10234 no t Companies reported in receivership. May May May May May May 29 3 3 25 _ 18 4 2 17 9 1734 Apr. 26 7 19 16034 Jan. 31 3334 Apr. 26 1954 Apr. 26 4 54 Mar. 12 Feb. 19 20 1134 Feb. 87 6 Mar. 13 4354 Feb. 19 2334 1454 10834 1034 Apr. 24 Feb. 5 7 9 £y* Feb. 1 33 Apr. 20 12 Feb. 1 40 May 28 Apr. 28 8 110 Feb. Mar. 4 2534 Feb. 5 2 1254 Mar. 1 3634 Jan. 30 6 2: 154 Feb. 231 29 21 Mar. 13 19 22 Mar. 12 2 19 Mar. 13 6134 Feb. 16 6434 Jan. 15 27,11034 May 25 Feb. 5 14' 42 6 103 May 1 2 654 Apr. 20 Apr. 14 5; 21 3 2534 Apr. 23 Apr. 24 10, 88 7 8 554 Feb. 14 4554 Mar. 3 2 2 10134 Feb. 24 20 30 30 23 1934 Feb. 21 4834 Mar. 15 Feb. 6 354 Jan. 3' 2354 Feb. 12| 8 2654 Jan. 12* _ 24 2 1 18 2 1 1 1 Feb. 5054 Feb. 63 62 o 8 4 654 30 Apr. 23 Feb. 5 Feb. 5 2854 Apr. 26 19 103 Apr. 27 2 11' 934 Feb. 27 Apr. 23 May 1 23 6 110 24 77 12 5 18 628 Feb. Feb. 24 19 Apr. 21 12 41 Feb. 19 19 4 86 Feb. 11 Feb. 19 5 22, 71 Apr. 26 June, 1934.] N. Y. STOCK AGGREGATE SALES. Jan. PRICES IN MAY. STOCKS 1. Ask Bid. Graham-Paige Motors....--1 3 Sale Granbj Cons M S & P.. -M© Grand Union Co trust ctfs. 82* Sale 4 2* Sale Conv preferred series Granite City Steel • • Grant (W T) • Great Northern Ir ore prop. • Great West Sug - Preferred ...10© 100 Greene Cananea Copper..100 .... Guantanamo Sugar Preferred .......100 Gulf States Steel * 7% 1st preferred ..100 Uackensack Water ....25 ..—25 Preferred A Hahn Department Stores ..* Preferred .....—100 117,600 Hall Printing 8,870 Hamilton Watch 950 Preferred . ......10 * .......100 . 2,635 Hanna (M A) Co $7 pref 164,000 Harbison Walker Ref 300 Preferred 6% * 252* 25 Ask. Bid. Bid. 32* 102* 62* Sale 39 Sale i 25 Sale 302* 362* Sale 36 11 Sale 302* Sale 100 1042* 40 187 52* alYA Sale 3 2* 2 5 25 84 80 85 Sale 902* 2* 112* Sale Sale 29 1102* Sale 111 Sale 42 2 242* 352* 12-8 50 272* 372* 24 29 65 8 92* 53 91 Sale 7 Sale 112* 60 92 2 26 242* 292* 292* 52* Sale 392* 402* Sale 52* 41 8 45 93 202* Sale 182* 96 100 96 Sale 56 932* 182* 100 22* May 14 82* May 14 52* May 12 34 May 14 252* May 22 312* May 25 May 14 May 14 May 1 May 14 1?* May 8 May 7 May 10 71 May 14 25 May 1 292* May 11 42* May 12 362* May 10 m 272* 24 76 ""22* Sale if Sale Sale 21 100 Sale 292* 292* 62* Sale 452* 462* Sale 14 28 32 25 26 362* 26 27 Sale if 52* 31 30 73 5 Sale UH , Lowest. Highest. Sale Prices. Sale Prices. Highest. Salt Prices. Sale Sale 24 20 26 * Sale 48 24 >1*1. 22* 92* Sale 132* Sale 29 Sale 412* Lowest. May 31. May 1. 1934. Far 56,900 1,060 13,100 2,630 4,200 1,080 531,000 43,000 1. Jan. 2 Shares. 380,900 153,800 107,100 28,780 7.900 74,100 113,000 324,400 5,220 RANGE SINCE JAN. Price n. t. stock exchange Since 37 EXCHANGE—STOCKS 7 62* May May 5 May 24 May 2 152* May 10 96 May 3 9 47 91 Prices 32* May 1 102* May 17 7 May 2 39 May 302* May 36 May 132* May May 26 May 4 55 May 3 22* May 4 242* May 7 May 17 May 10 May 25 May 22 May 1 May 2 n» if 8 May 1 May 2 May 2 932* May 29 21 May 2 96 May 3 10 53 4 22* May 14 8 Jan. Jan. Jan. Jan. 4 23 2 Feb. 6 40 15 23 312* 312* May 25 402* May 14' 152* May 14 342* If 102 Jan. 18 Jan. Jan. Jan. 7 24 Apr. 26 Apr. 24 8 32* Feb. 31 Feb. 42 Mar. 13 83 9 26 4 30 Apr. 20 Apr. 18 Apr. 23 9 32* Jan. 32* Jan. Jan. 8 26 Jan. Jan. 92* Feb. 14 112* Apr. 20 532* Apr. 25 96 Apr. 4 242* Feb. 21 15 8 142* Jan. 87 9 82* Feb. 15 522* Apr. 21 12 252* Jan. 84 19 19 20 2 8 Jan. 25 Feb. Feb. Jan. 16 202* Jan. 4 2* May Apr. 24 Apr. 25 59 2 Jan. 27 16 31 2 111 10 Jan. 47 1 Feb. Jan. 13 8 2 10100 Jan. 26 Hartman Corp class A Class B .......... 23,580 Hat Corp class A 3,050 6J*% preferred 100 280,700 Hayes Body.. .........2 ....... Sale 32* Sale 20 J* 57 12* Sale 42* 42* a 52* 52* May 12 May 16 May 14 Sale 55 32* Sale Sale 3 52* May 12 May 2 42* May 2 59 22* Jan. 2 192* Jan. 12* Jan. 4 2 62* Apr. 13 May 2 62* Feb. 15 59 1 Rights — 28,600 Hazel-Atlas Co............25 3,500 Helme (G W) 130 7% preferred 8,400 Hercules Motors 25 90 Sale 98 1022* -—* • 43,400 Hercules Powder Preferred. 100 3,350 15,700 Hershey Chocolate.........* Conr preferred 5,600 ——* ..... 91 93 84 89 85 9 8 612* Sale 1072* 115 1062* 1072* 107 137 100 137 102* 142 147 142 82* 11 9 652* 70 112* 702* Sale Sale 120 Sale 122 Sale 62 Sale 60 89 91 Sale 902* 109 50 872* 62 932* May May May May 14 922* May 5 12 1072* May 5 15 142 May 15 14 112* May 2 622* May 14 712* May 8 122 602* May 29 642* 91 94 May 1 117 May 3 May 31 May 8 May 19 85 May 14 962* 101 Jan. 9 1072* 1232* Mar. 17 145 9 Jan. 4, 122* 59 111 Jan. Jan. 4' 75 4122 Apr. 23 May 5 Apr. 18 Mar. 15 Apr. 24 May 31 482* Jan. 15, 642* May 83 lo Feb. 94 8 Apr. 21 Hoe (R) & Co class A.......* 135", 106 Holland Furnace..... 42,100 17,400 206,300 58,900 5,500 79,400 95,000 500,800 973,400 417,900 Hollander (A) A: Son....... Homestake 5 10(< Mining Houdaille-Hershey cl B — Class A —* Household Finance part pf 50 Houston Oil of Texas.....100 Voting trust certificates.25 rot trust ctfs.-5 52* Sale 52* Sale 322 Sale 32* 112* Sale 12 52* 192* 42 44 Sale 52 21 54 242* Sale 42* Sale Sale 46 Sale 152* 42* Sale Sale 37 Hudson 142* Sale 42* Sale 22* 782* 370 Hupp Motor Car Corp.... 10 Motocycle.. If Sale Sale 522* Sale 20 32* Sale 492* Sale Sale 13 32* Sale 72* May 82* May May 32* May 17 May 512* May 172* May 32* May 42 May 122* May 32* May 92* May 17 102* May 17 May 28 52* May 1 222* May 31 522* May 10 242* May 1 42* May 1 532* May 21 162* May 4 42* May 1 335 375 Jan. 32* Jan. Apr. 23 Feb. 6 Mar. 29 11 Jan. 8 Jan. 23 2* Jan. 43 Feb. 5! 54 172* 3 2* 352* 122* 32* May 12 May Jan. May May 26 30 Mar. 12 5 292* Feb. Apr. 6 9 552* Apr. 5 242* Feb. 72* Jan. 30 100 Refining ....10 152.200 Industrial Rayon Corp • 3 80 ........ — — Sale 6% preferred 22* 3 632* Sale 100 101 • 45 Sale Inspiration Cons Copper..20 5 Sale 42* 42* 72* 32* Sale 55 82* Sale ----- 3 May 762* May 242* May 28 632* May 35 45 22* May 19 May 7 101 Sale Sale Steel 22 2* May 26 50 May 14 70 23" Sale' New 9,900 61,200 Ingersoll-Rand... 352* 42* Sale Sale May 23 32* May 10 May 1 52* May 18 Insuranshares Corp (Del)__.l Insuranshares Ctfs Inc 1 Intercontinental Rubber...* Inter lake Iron..... Internat 52* Jan. 52* Jan. 310 3 102* 2 102* 4 388 2 62* * Preferred Inland 10 380 42* 32* 32* 722* Sale Motor Car Indian 50 Sale Sale Sale 3 7- 82* 92* Sale 10 Sale Howe Sound 18,500 Indian 37,000 64,800 12,400 20,800 51,100 66,400 193,500 25,400 27,900 131,200 107,800 82* 92* 356 Sale ...» Agricultural. * Prior preferred Int Business Machines 100 29 32* 32* 52* 3 4 32* May 4 42* May Sale 52* May Sale 22* May 23 25 May 1342* 1322* May 7 Sale May Sale 222* May 1422* Sale 1 Ltd Internat Cement 23 2* 9 Sale • Internat Carriers Sale 28 Sale 1322* 82* 222* 382* Sale 322* Sale 123 1252* 118 6 Sale Sale Sale 32* 4 14 24 31 12 42* 52* 72* 32* May May May May 14 29 May 15 1432* May 9 12 May 12 28 May May May 222* May 50 May 1162* Apr. 35 May May 19 42* 96 242* 14 732* 20 1162* 23 492* 10 62* Jan. 3 32* 2 22* Jan. 42* 22* Jan. 15 52* 52* May 3ll 112* Jan. 2 8 62* Jan. 15 8 372* Mar. 27 1492* 132 12 2* 52* Jan. 11 222* May 12 372* nVA 70 26 ig Apr. 5 Jan. 24 May 28 Feb. 3 Apr. 20 Feb. 21 Feb. 5 Feb. 6 Apr. 25 May 4 Feb. Feb. 19 5 Feb. 3 Jan. 30 Feb. 21 Feb. 5 Internet Combus Eng......* Conv preferred...........* Preferred certificates.....* 489,200 Internat Harvester,.... 7% preferred 4,700 • 100 170,500 Internat Hydro-Elec Sys A. 25 * 36,300 Internat Mercan Marine 402* Sale 116 Sale 123 2* 52* Sale 32* Sale 72* 42* Sale 272* 1212* 222* Internat Nickel of Canada..* 22 Preferred 100 7.100 4,590 Internat Paper pref 7%..100 53,100 Internat Paper 8c Power cl A * 111 2,127,600 43,000 79,900 202,600 Class B • Class C • Preferred..............100 29,500 Internat Printing Ink 960 28,300 49,600 27,700 6,840 1,890,500 164,000 12,070 7,400 11,800 140 36,900 403,800 3,290 6,050 1,140 128,700 46,900 1,500 222",800 .* Preferred 100 International Salt 9 1182* 122* 42* Sale 2 Sale 12* Sale 122* Sale 82* «VA Sale 66 * 20 International Shoe... * International Silver...... 100 35 7% preferred Internat Tel 8c Tel.... 100 * Interstate Dept Stores Preferred.., ......... 100 Intertype Corp Island Creek Coal * 1 Preferred 1 Jewel Tea Inc.. Johns-Manyille 222* ..._• 100 Sale 22* 12* 20 Sale 172* 212* 792* Sale Sale VP* 83 142* 32* 192* Sale 282* 44 Sale 42 33 Sale 29 79 Sale 69 Sale 60 28 Sale Sale 132* Sale 12 Sale 122* 662* 4 20 if 6 26 90 in1 82* 272* 105 342* 602* Sale 982* 101 48 542* 105 49 Sale 71 110 Sale Kelth-Albee Orpheum pf. 109 15 30 20 27 Sale 22* Sale 75 Sale Sale 40 Sale 19 Sale 252* May 14 282* May 12 125 18 May 28 242* 32* May 26 52* 120 Sale 22* May May i Sale May Sale 162* May 85 May Sale May Sale 40 May 292* May 692* May Sale 112* May Sale 11 May Sale 662* May 72* May 82* Sale 252* May 105 110 May Sale f If ¥f 8 92* Sale 162* 82* Sale 100 71 Sale 112 142* Sale 62* 62* o 22* Sale Sale 172* 42* Sale 62 Certificates 252* 125 5 Kayser (J) Ac Co 5 Kaufman Dept Stores..112.50 ................. Sale §* Jones Ac Laugh Steel pref.lOO Kansas City Lt 1st pf Ser B * Kelly-Sprlngfleld Tire New... Sale Sale 32 ...... Preferred Sale 30 May 14 392* May 1232* May 9 1252* May 11 52* May 14 72* May " 32* May 24 42* May 11 31 14 16 8 14 12 14 15 7 14 26 10 22 22* 22* 222* IYA 86 292* 44 352* 79 132* 142* 692* 1052* 45 May 12 48 May 12 552* 1 112 60 50 70 May 25 71 108 May 9 110 1092* 111 182* 152* May 8 172* 172* 7 May 12 82* 72* 1* 40 30 30 May 24 30 45 48 482* 112 Sale Sale 44 1112* May o 22* Sale 22* May 14 May May May May May May May May May May May May May May May May May May May 30 14 5 462* Feb. 13 1252* May 11 6 7 92* Feb. Jan. 24 2, 6 1152* 42* 32* 41 292* Apr. May Apr. 62* Apr. 32* Apr. 22* Apr. 24 2* Apr. 25 Apr. 86 Apr. 302* Apr. 13 125 5 25 18 26 4 4 8 13 18 29 3 21 14 _ 12 28 3 502* 452* 842* 172* 162* 722* 27 18 24 20 21 23 23 21 21 11 Jan. 26 Feb. 15 Apr. 9 Feb. 6 Apr. 20 Apr. 24 10 May May May May May May 28 May 1 May 24 32* May 2 152* May 1 Feb. 8 28 19 Feb. 21 1052* Apr. 21 33 44 101 Jan. 9 May 12 Jan. 52 Apr. 20 662* Jan. 30 Apr. 18 4 112 60 May 25 77 Jan. 23 972* Jan. 3 1112* Apr. 21 132* Jan. 4 182* Apr. 20 62* Jan. 3 102* Apr. 13 20 Jan. 19 22* Jan. 5 30 Mar. 14 42* Mar. 12 fdeposit 6% pref ctf of deposit...__ 29,200 6% preferred • Kelsey-Hayes Wheel ...» Chase Nat Bank ctfs of dep. Convertible Class A 9,600 ..1 Conv class B........... \ 7,800 • 972,300 Kelvinator Co 1,250 Kendall Co part pref ser A..* Kennecott Copper ........* Klmber ley-Clark. * Kinney (G R)—..... * 8% preferred........._...♦ Kresge (S S) Co w_........10 7% preferred 100 Kresge Dept Stores.... 1 8% preferred low * 9,820 Kress (S H) At Co.. Kreuger At Toll Co (Amer ctfs) 239*166 Kroger Grocery Ac Bak 1,367,850 5,600 26,200 5,500 567,600 1,880 9,230 1,490 ...... ..... 1,590 Laclede Gas.............100 Preferred ..........100 2,190 ......_• 99,300 Lambert Co (The). 13,330 Lane Bryant 6 133,400, Lee Rubber Ac Tire.... a n# par value. x Ex-dividend, if Ex-Rlghte. 11 Sale 15 Sale 22* 5 22* Sale 122* Sale 172* Sale 62 87 67 202* Sale 12 Sale 32* 32* 122* 15 132* Sale 52* 4 202* 152* 62* 34 6 42* 93 Sale 18 Sale 40 192* 1102* Sale 3 5 Sale 19 44 Sale 60 Sale 242* Sale 31 Sale 40 40 42 100 22* 11 103 362* Sale 50 Sale 552* Sale 262* Sale 112* Sale 132* Sale a Optional sale. 10 122* 11 May 15 5 12 12 14 14 22* 172* 812* 42* Sale 842* May May May 822* May 182* 132* Sale 182* May 5 8 J°A 28 16 6 32 172* Sale 108 32* 312* 562* ""32* 112* 12 r 42* 262* 162* 1082* 4 35 30 55 40 Sale 26 15 Sale 292* Sale 342* 36 4 15 132* Sale 212* May 17 May 62* May 34 May 20 May 111 May 5 May 452* May 60 May May May May May May May May May 272* May May 42 May 24 May 102* May 102* May 35 52* May 2 4 May 12 182* May 28 882* May 4 10 19 28 8 8 11 5 9 2 312* May 40 May 552* May 262* May 12 May 132* May 1 5 1 1 11 Jan. 2 4 Jan. 22* Jan. 112* Jan, 652* Jan. Jan. 30 13 10 Feb. 16 2 4 18 72* Feb. 16 212* Mar. 14 882* May 4 172* Mar. 27 23 12 3 182* Apr. 12 Apr. 13 41 Apr. 26 Jan. 2 Jan. 16 6 2 132* Jan. 132* Jan. 101 Jan. 22* Jan. 19 Jan. 36 9 1 20 Jan. 41??* 6 12 Feb. 5 Feb. 5 Mar. 16 7 72* Feb. 55 Apr. 4 Apr. 27 3( 61 8 232* Jan. May 19 42 May 28 4 222* Jan. 35 5 Jan. 6 8 Jan. 3. 33 Apr. 23 63 Feb. 13 60 Feb. Feb. 9 5 Apr. 19 142* Apr. 26 EXCHANGE—STOCKS N. Y. STOCK E SALES. Price Jan. 2 1934. 10,1 6; ii,i 5,: 7,1 4,1 l,: 2/ 20,! 8,: 176,800 Liquid Carbonic Loews Incorporated Preferred..... 7,900 50,' 3, 22 Sale 20 34 X 22 Sale 30* 21* Sale 27* Sale Sale 26* Sale 22 Sale 146 Sale Sale 131* 143 JW y± Sale 91 92* 16 12 Sale * Sale Sale Sale Sale 15* "3IX Sale Sale 42 1192* 106* Sale Sale Sale Sale Sale Sale _ dp Sale Sale 72 85 27 Sale Sale * 1,098,000 (McLellan Stores class A Preferred 100 50,730 15,000 MacAndrewa & Forbes Co.. 10 Preferred 540 31* 96* 100 200 Mackay Cos pref 280,200! Mack Truck 23, Sale 36* Sale 55* Sale 2% Sale 16* Sale (R H) Co. Inc 34,900 Madison Sq Garden etc.. 52,200 Magma Copper ....10 57,400 Malllnson (H R) Co ' 5,370i 7% preferred 100 7,300 (Manatl Sugar 100 9,800, 7% preferred 100 20,150 Mandel Bros • 25,000 Manhattan Shirt....... 25 9,100 Maracalbo Oil Explor * 142,900 Macy 24, 10, 7, 8, Sale *8 10> I1/ 4* 5* ... 1, 1, 2, 350,000 32, 12 ~~7" 2, 5, 6, 11, "e" i 10 17 2, 11, 12 149, 2, 11, 16, 19, 24, 9, 20,600 259,800 16,700 97,900 13,300 3,440,800 13,000 98,100 506,100 260,900 Mohawk Carpet Mills Monsanto Chemical 20 * * Products ..........5 ...._..* Nash Motors Co.. 12, 1 112,800 National Acme 65,900 National Aviation Corp....10 (National Bellas Hess 7% 4, 1 252 .... preferred... 100 National Biscuit..........10 .......100 Register.........* ....—* 807,200 * 124,400 (National Dept Stores. 7% 1st preferred....... 100 22,770 Nat Distillers Prod * New ..........* 2,224", 606 7% preferred Nat Cash Nat Dairy Prod Corp ..... 30,900 Nat Enamel 8c Stamp.......* ..100 15,600 National Lead. 5 2 ... Preferred B 100 A........ Preferred 2,300 1,300 .......100 * Nat Power 8c Light 39 437,700 15 244,100 79,500 5,760 1,600 116,000 66,700 20,200 1,300 114,700 40,100 16,350 21,130 107,400 238,100 2,650 1,220 1,250 328,300 1.134,300 21,100 National Steel. National Supply of Del value. Ex-dividend, 8 I 22 8 5 8 3 1, 1, 8, 20, 68, 118, 3, 1 ar x Preferred. 25 25 100 ..... ...li National Surety.... National Tea Co.. * Nelsner Bros.. Newberry Co (J J) 7% preferred Newport Industries Inc New York New York Dock Air Brake 33 Sale 126 Sale 7% 25* 29* a 5* 6 Sale 24 Sale 22 Sale Sale 71 8* Sale 75 33* 8 22 25* 26 26 71 60 71 50 13 13 X Sale Sale Sale 72 Sale 83 Sale 33* 95 2* 1* 41* 125* 111 . 17* 14 14 8 14 10 7 10 14 31 14 23 12 10 14 12 14 12 24 iV< \lH 88 31 2* 2* 20* 9 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 8 May 10 Jan. Jan. 13 1 6 74* Jan. 8 Jan. 15 16 12* Jan.T 26* Mar. 25* Jan. 3 1 6 Jan. 2 Jan. Jan. 12 Feb. 2b Jan. 11 ] 102 Jan. 26 ] 72 2 3 15* Jan. 8 Jan. 10 Jan. 2 Jan. 9 n 15 12* May 10 May 7 84 8 Jan. 4 Jan. 25 May 10 Jan. 2 11* Jan. 2 Jan. 6 Jan. 1 2 30 4 1 1 1 1 May 19 May 3 1 7 1 1 Jan. 5 95 7 May May 2 4 2* May 16* May 9* May 4 §1* 2 2 3 21 May 21 3 * May 2 28* May 11 5* Jan. 29 4 25 May 17 * May 2* May Jan. 1 * Jan. Jan. 24 19 4 1 5 9 3 18 1 5 17 2 5 May 14 Jan. 73 May 29* May 46 * May 7 May 8 23 1* 1* 38* 119* 33 5 12 14 15 11 12 31 14 28 3 May 12 Jan. 129 Sale Sale Sale 46 35* May 24 6* May 14 25 May 7 25 May 17 75 May 26 31 May 10 OX May 12 38* May 12 40* May 1 7* May 1 27* May 2 26 May 11 77 May 4 35* May 25 9* May 2 47 May 21 21 25* May 4 26* May 22 60 May 4 5* Sale 85 Jan. 13 1 29 Apr. 24 May 10 May 22 Jan. 2 Jan. Jan. Jan. 23* 38* 2* 15* 1 * 7* Jan. 1 1* 4* 12* 1* 4* 5* 21 * 12* 6* Jan. Jan. Jan. Jan. May 11 Jan. 5 Jan. 8 Jan. 4 Jan. 24 28 May 14 Jan. 110 23 ] 8 Jan. 2 4* Jan. Jan. 10 2 2 9 Jan. 13 49 Jan. 30 3 Jan. 26 2 Jan. 13 < 6* Mar. 21 30 7* Sale J** 26 19 Sale 39 49 46 9* 11* Sale 12* Sale 43* 15 IS* ii* 15* 6* Sale 14* 15* Sale 25 Sale 4* 10* Sale Sale 3* 46* 5 Sale Sale 132 18* 13* 4* Sale Sale 1 17* Sale 136 119* 125* 103 9* Sale 100 8* 40* 142* 17* 16* 2* 80 May May May May 5* May 13* May 15* May 83 May 11 14 14 18 43* 24* 42 23* 17* Sale Sale 48* Sale 8* 23* 9* 8* Sale Sale 11 Sale 32* 36 21 Sale 7 Sale 16* 5* 7* 19 Sale Sale Sale May * May 9* May 32 May 12* May 13* May 38* May 22 23 May 2 8* May 1 18* May 19 20* May 4 6* May 1 9* May 4 9* May 14 9* May 12 May 10 19* May 10 6 May 12 17 May 7 15* May 14 30 5* May 7 7* May 31 Sale 17 48 22* May 12 6 Sale Sale 33* 143* 142 Sale 14* Sale 15* 1* Sale 47* Sale 17* Sale 36 3 1 1 2 47* May 29 4 May 2 27* May 4 19* May 2 45* May 22 28* May 39* May 9 2* May 10 24* May 17 16 May 14 39 May 14 22* May 14 42 May 15' * May 16 7* May 7 8* 40* 145* 17* 17* 2* 19* May May May May May May 15* May Sale 23* May 14 29* 27* 26* May 14 30 140* 139* May 8 145 140* 148 143 139* 143* May 2 143 109 118* 113 116* 112* May 14 113 11 Sale 9* Sale 9* May 12 11* 51 59 Sale 16 Sale Sale 22* Sale 25* 27 140 40 Sale 15* 16* 49* Sale 49 May 31 May 10 May 14 11 May 40 14 May 3 May 1 May 14 May 2 May 22 May 1 May 1 2 4 1 May 2 May 12 May 1 May May May 48* May 17* May 54 May 4 4 8 4 Jan. 5 50 May 10 4 11 14 14 12 May May May 70* Jan. 11 11 Jan. 3 36 Jan. 2* Jan. l7* Jan. 11 Sale 105 Sale 10 16 19* 15 13 1 18* 83* 96 * Sale Sale 85 98 108* Sale I • • Cash sale 12* Sale 19* 20* 40 42* 102 8* 15* 104 9* 17 4 5* 11*,Sale * * Sale 103 8 16 4 9 16 Sale 13 80 98 Sale 80 Sale 96 108* 109 42* Sale 17* Sale 16* Sale 41* 42* 42* Sale 40 17* May 39* May 4 12* Jan. May 14 21* Jan. 4 37 Jan. * Jan. 7* Jan. 22* May 9 May May May May May May May May May 108* May 38 May 15 May 39* May May May May 103 May 10* May 19* May 6 May May May 18*. May 83* May 98 May 109* May 8 44* May 14 17* May 9 43* May % Companies reported in receivership. Jan. 5* Jan. 12* Jan. 13* Jan. 6 May 12 15* Jan. 2 15* May 14 4* Jan. 9 7* May 31 3* Jan. 6 33* May 23 131 Jan. 3 14* May 12 4 1 Jan. Jan. 5 Jan. 17 13 9 23* Jan. 16* Jan. 135 Feb. 122 Jan. 100* Jan. 8* Jan. 40 May 31 11* Jan. 10 4 33* Jan. J an. 5 May 12 4 6* Jan. 39* May 14 100 Apr. 3 11 16 22 46 4 4 39 2 Sale 46 c 11 9* 7* Sale 34* Sale 142* Sale 15* Sale 17* Sale 1* Sale Sale 28 103 50 47* Sale 15 16 29* Sale 145 12* Sale 2* 17* 7* 4 11 Sale 19 Sale 51 34 24 Sale 20* Sale 6* Sale 9* Sale 5* Sale 26 132 Sale Sale 32 Sale 13 45 Sale 9* Sale 6 28* 45* Sale 28* Sale Sale 4* Sale 12* Sale 72* 84 Sale Sale 31 4* 13 25* May 14 50 May 10 b 16* Jan. 21 50 46* dH Sale Sale in Sale 35* Sale 15* Sale * 100 1 Optional sale May 12 71 4% 12 X 1st preferred.........* ft% preferred.... 32 14 12 17 28 May 14 33 123* May 14 126 Sale 25 ..100 American.. 30* Sale 128 40 Noranda Mines Ltd.........* North 9 25 7 New York Steam pref 0% 3 May May May May May 22 May 13 May 6* May Sale 6* 25 ....100 • 7% preferred 15 36 * Shipbuilding 96 21* 16* May 2 May 10 May 22 May 3 May 8 May 10 2 Sale 40* Sale 7* Sale 27* Sale (N Y Investors Inc_.____ Y 93* 16 14 11 Jan. 64* 16* 27* 17* 22* * Jan. .......100 8% preferred N 22 27 16* Sale 9* 9* Sale 974,500 64,500 387,200 7,700 453,240 Sale Sale 88, 3, 86, 1, 38, 130 Sale VA o 26 47 22 x ...* 109,300 Mulllns Mfg Corp Convertible preferred....* 22,800 ......* 20,600 Munslngwear 440,100 Murray Corp of America.. 10 • 8.800 Myers (F E) 8c Bros 4, Sale 5 23* 38* 5* 17* 2* 2*, 7*' 45 Mother Lode Coalition Motor 146 1 5* 5* 7* zl4 14* 16 2* 2* 3 4* 4* 4* 7* Sale 6* Sale Moto Meter Gauge 8t Equip. 1 316,900 Motor Wheel 1, 1, 61, Sale 2* 38 Wks.,10 ... 17* Sale Montgomery Ward & Co Morrell (J) 8c Co Sale 2 4 18* • Preferred... 2* 9* 60 Moline Pow Implem..* Minn 22* 35* 22* 26* 11 May 14 73* Feb. 23 8 2* Jan. May May May May May May May May 28 May 28 May 26 May 2 May May May May 35 15 34 32 79 33 • Minn-Honeywell Reg Co May 40* May 25* Sale 39* Sale 6* 6* 19 20* 2* 2* 76 140 Milwaukee El Ry 8c Lt pf._100 "3* 8 ib Sale Prices lM Feb. .... 40, Sale 2* 4* 50 17 1% preferred..........100 5 67,400 tliami Copper.. 197,200 Mid-Continent Petroleum.10 * 98,000 Midland Steel Products First preferred ...100 3,700 "9" Sale Sale 8X Sale 32 X Sale ....100 130 Mexican Petroleum 221H 26 Preferred 100 3,145 Rights 240,500 ft 101,200 Meata Machine Co 7,800 Metro-Goldwyn Pict pref..27 May 83 73 48 8 14 14 15 86 25 34 Sale ox Sale 20* Sale 13 35 X Sale 107* IX Sale 30 Sale 4* Sale 10 Sale 8* 100 Rights 405,900 ...10 149,300 May Oept Stores... ... 62,400 Maytag Co (The) Pref with warrants 43,300 S3 preferred ex-warranta..* 1,280 $6 1st preferred 3,010 39,300 Melville Shoe Corp 1 95,500 Men gel Co 2* 2* 2* Sale 19 20* 9* 7* 44* Sale Sale in OX Sale 22 X Sale 13 % Sale 6* 4* * 7% preferred 8IM 2 Sale IX 5 • Mathleson Alkali Work# 720 3 5 5 105,900,Marancha Corp..... 209,100 Marine Midland. ; 44,600 Marlin-Rockwell 398,100 Marshall Field 8c Co 44,300 Martin Parry Corp.. 4, 29, 3, 30, IX 14 26 14 14 12 12 14 10 10 May May May May May May May, May Sale Prices. 16 May 1 79 May 25 46* 86* May Sale 8* Sale 6* May 33* Sale 29 25* May 31* Sale 3 4* May Sale 3* Sale 4* 54* 55 50 46* May 51* Sale 34 May 33* 32* 33* 32 32* 103 107 May 24 104 104 102* Sale 33 100 ...• • ln« 9 May May May May May May May May May May May May May May May May May 84 Lowest. Highest. Prices. 15* May 12* May May 26* May 2 May 2* May 18 16* 13* Sale Sale IVs Sale Sale 18* 19* 4" Sale 28* 92* 2 2 2* Sale 2* 1* 1 * 1* Sale IX 40 38* 38 41* Sale 123 125* 125* 125* Sale 109* 113 105 110 16* 17* Sale" 17* Sale Sale Sale 142 Sale 94 666,200 Mclntyre Porcupine Mlnes__5 39,900 McKeesport Tin Plate • ..5 433,700 McKesson & Bobbins. Conv pref series A 160,700 50 66, 4, 51, 34, 65, 3, 1, Sale 31* Sale a 22* 89 95 92* 95* z90 94* 18* c20* Sale 15* 16* Sale 25* 28* Sale 29* Sale 2* Sale 2* Sale 20* 20* 2, 20 Sale 95 26* Sale 22 23* Sale Sale » 93 21X Sale 88 4,' • 12 90 13, 3, Sale 10 66* Sale Sale .......... 6,: 9, 11 77* 3* 9* 64* Sale 67,400 Loft Incorporated... 68,900 Long Bell Lumber A * 39,300 Loose-Wiles Blsc..........25 340 1st preferred.... 100 3,000 Lorillard (P) pref 100 Common 10 314,900 62,100 Louisiana Oil 2,020 6H% preferred 100 50,000 Louisville Gas & Elec A ....1 91,500 Ludlum Steel Convertible preferred....* 5,900 ......* 37,800 McCail Corp 215,400 (McCrory Stores Class B • 57,400 59,220 0% preferred 100 6,900 McGraw Hill Pub Co 1/ 10,1 5,: 5,: 15 75 Sale ...... 2,067,100 04,1 Sale 70 X 21X • 20,284 Link Belt Co 2/ 30,i 3 6 Sale ...... 66 ,< 14 85 81 Sale Sale Ask. 74* 3* Sale 16 Sale Lowest. May 31. , Ask. Bid. Bid. 14 * 19,200 Lehigh Portland Cement. .50 Preferred ...lit 1,970 75,000 Lehigh Valley Coal • Preferred 50 61,700 86,800 Lehman Corn (The) 48,500 Lehn & Pink Products Co..5 601,020 Libby-Owena Ford Glaaa * 37,700 Life Savers Corp 5 • 41,000 Lima Locomotive Works 6,100 Liggett 8c Myers Tob pref.100 Common 25 22,200 •B 25 155,000 80,700 Lily Tulip Cup Corp 1. May Ask. Par Shares. 1.1 RANGE SIN PRICES IN MAY. STOCKS N. Y. STOCK EXCHANGE Since Jan. 1. 1 18 2 10 6 Jan. 15 Jan. 5 3* Jan. 11 8 8 13x 11$ 8* 26 28 1 29 90 Jan. Jan. Jan. Jan. Jan. Jan. 33* Jan. 13* Jan. 34 Jan. 15 4 9 9 June, 1934.] AGGREGATE SALES. In May. PRICES IN MAY. STOCKS Shares 30 May 1934. 587,200 North American Aviation...! 22,100 North Anier tCdlson pref * North German Lloyd Ask. Bid. Par "l",506 80 4.000 5 5% Sale Sale Sale 49 Sale 72 54 New 1,210 Northwestern 51,100 Norwalk Tire 420 Ay° 42 Telegraph-.50 ............50 588,500 Ohio OH Go (The) • 151,700 Oliver Farm Equip —• 61,540 Preferred' A....... •••••.-* 12,400 38,600 Omnibus Corp f tc (The)--* 10,000 Preferred A 100 85,400 Oppenhelm Collins & Co—* Orpheum Circuit Inc PrefiOO 220",666 Otis Elevator......— * 2,435 6% preferred...........100 277,100 Otis Steel 35,800 Prior preferred.........100 300 38",300 600 22,400 2,400 6 54 95 .... 210 Preferred..............100 9,857 89,257 Owens-Ill Glass Co........25 23,800 14,700 4,800 1,350 193,840 Pacific Gas 8c Elec ........25 126,100 Pacific Lighting Corp 36,400 Pacific Mills 100 6,590 Pacific Teleph 8c Telegr—100 1,110 Preferred —100 37,500 Pacific Western Oil * 5% Sale 90 9954 12 % 8h 1554 Sale 7354 95 4 >4 Sale 9 Sale 29 3254 9654 81 54 Sale 360 Outlet Co 5 Sale 754 ......... 50 170 19 43 354 Sale 3454 36 12 % Sale 4% Sale 2154 Sale * 8c Rubber Preferred.. I. May 31. Ask. Bid. Bid. Lowest. Ask. Sale 454 Sale 7054 Sale 67 7 40 40 Highest. 454 May May Lowest. Highest. Sale Prices. Prices. Sale Prices. Sale Prices. 554 May 7254 May 454 Feb. 1 1 10 4754 Jan. 4 1154 Jan. 8 5 3 854 Feb. 1 7454 Apr. 26 ...... 88,300 21,900 9,300 5,500 1. Jan. 2 Jan. 1. 41,700 1,700 RANGE SINCE JAN. Price M. T.STOCK EXCHANGE Since Shares. 39 N. Y. STOCK EXCHANGE-STOCKS 13 1554 Sale 99% 100 Sale 6 1954 Sale 39 45 110 Sale' 84 15 254 1154 354 41' Sale 3654 Sale 254 3454 1054 354 1254 Sale 17 Sale 6 9054 934 1554 May May May May May May 43 24 10 7 354 3454 1254 454 2154 14 14 14 454 May 23 9154 1054 89 9 654 May 29 90 May 1 1254 May 2 May 10 May 14 Sale 14 May 8 1654 9954 May 18 102 6 454 May 10 Sale 17 May 14 2054 39 45 42 May 3 45 U4* 11454 May 19 11454 Sale' 7354 May 14 84 101 7 Jan. 254 3454 1054 354 Jan. 8 454 May 7| 37 May 14 1554 May 14 7 Jan. 8 2754 12 9! 16 43 34 May May May May May May 454 May 231 Feb. 10 754 Jan. 4 89 May 29 May 12 1 May 4 May 4 May May 19 1 May 14 May 92 Jan. 454 Jan. Feb. 27 Apr. 26 Feb. 19 Jan. 29 Feb. 5 5 Feb. Feb. 5 654 Jan. 2 95 Jan. 3 1454 Mar. 31 8 1954 18 102 4 8 2 25 Feb. 16 May 12 Feb. 19 Feb. 20 9 Jan. 30 Feb. 5 45 1554 Jan. 2354 Jan. 2054 May 72 Jan. 103 Jan. 654 Mar. 3 54 May 6 2 14 2354 Feb. 7 37 Feb. 34 Feb. 7 5 11 8554 Mar. 13 Apr. 5 97 Jan. 23 11454 May 19 7354 May 14 94 Jan. 30 l 150 5,400 174,900 1,610,400 "i'ioo ""4",300 199",300 6,400, 135,800, 2,000j 45,900 87,600 30,900 14,900 654 4% Sale 10454 Sale Sale 1054 25 Sale Sale 82 1354 75 103 Sale 27 Sale 1754 3154 Sale 111 112 7% Sale 454 Sale Sale Sale 77 10954 112 Sale 7 4 Sale 1654 May May 2054 May 7554 May 109 May 7 May 354 May 23 10% May 1 30 1854 14 3354 14 27 25 82 17 111 12 754 14 454 1 May May 1 May 1 May May May May 1 2 4 1 3 11254 Apr. 19 14 26 854 Apr. 25 654 Feb. 23 8c Trans....5'^ B stock Class B 400 26 % New.. Class 1854 Sale 3354 Sale Sale 24% Sale * Packard Motor Car. Pan-Amer Pet 4,300 1654 1054 Sale 1054 1154 1154 May 28 1054 Jan. 9 11% Jan. 2 254 Apr. 2154 Apr. 30 ..50 ... new..............5 40,960 Panhand Prod 8c Ref... • 2,110 8% preferred 100 {Paramount Publlx Corp..10 1,566,510 Certificates of deposit..10 69,850 Park & Tilford 1 1,195,900 Park Utah Cons Mines.. 1 17,300 Parmelee Transport Co. * 601,200 Pathe Kich 421,900 $4 preferred class A 306,100 Patlno Mines 8c Ent Cons 113,600 Peerless Corp 16 14% Sale 434 Sale 2654 30 154 Sale 25 26 Sale 4 1 Sale 1% 154 Sale 254 354 • ... 154 Sale 154 Sale 12 154 154 Sale 21 21J4 Sale 3 ... Sale 18 Sale Sale 4 Sale 59 5734 6054 10754 454 Sale oS* 24 Sale 11 * 2 Sale 154 14 Sale 15* May 14 1254 May 14 18 454 4 25 54 Sale Sale 454 Sale 1 154 20 254 Sale 2154 Sale 1554 Sale 254 1754 1354 354 154 May May 16 May 12 May 12 354 May 14 1 May 14 Sale 4 May May May May 1 li 154 Jan. 12 554 May 29 2754 May 2 554 May 21 154 May 4 1 l' 3 20 3 14 14 14 12 Jan. May 2354 May 2 1854 May 1 454 May 29 154 Jan. 2 554 Feb. 16 May 12 3554 Feb. 6 354 Jan. 11. 654 Feb. 15 Jan. Ill 2 Feb. 5 154 Jan. 4 454 Mar. 2 1054 Jan. 4 2454 Apr. 23 13 54 May 14, 2154 Jan. 2 2 Jan. 2 454 Apr. 23 Rights "4",500 29,100 200 1,000 8,200 100 1,900 350 9,300 300 28",300 * Penlck Ac Ford 200,300 Penney (J C) Co Preferred 2,500 21,230 Penn Coal Cement-... 100 * Preferred 170,800 Petroleum Corp 481,500 18,800 3,800 217,100 9,500 Phelps Dodge 400 1,100 10 9,700 94,100 600 Ac 1 440 Preferred... 30 270 41,600 7,100 1,700 10,500 913,200 • Sale 1154 1754 33 50 107 14 14 50 6254 Sale rP 13 11 Sale 1554 3154 5754 6454 Sale 1754 7254 6054 1854 Sale 1854 Sale O 61 55 63 53 May 55 May 10754 May 354 354 May 5 4 May 21 21% May Sale 3954 May 105 May "3054 2854 May 15 Sale Sale 34 9 Preferred.............. 100 354 454 1854 4054 2954 Sale 5 .... 29 55 58 Sale 62 110 13 1054 60 3054 1154 1 2 54 1634 Sale 10 Sale 53 54 5554 108 3554 Sale Sale 8 100 ...... 107 Sale 354 Phillips Jones Corp........* 59,000 Philip Morris Ac Co 823,300 Phillips Petroleum 17,000 Phoenix Hosiery Sale 41 * Sale Sale 4354 Sale 25 24 5 35 Philadelphia Co pref *%__50 $6 preferred Phila 8c Reading C 254 95 95 165 • 55,800 4,700 _ Sale Sale 85 30 .100 8,400 Pet Milk Sale oaio 21 115,900 People's Gas L 8c Coke...100 22,900 22,400 254 454 1654 * 9,100 7% preferred series A 16,100 People's Drug Stores Inc y± 10554 10654 8c Coke........ 10 92,900 Penn-Dixle 770 58 54 * 100 j* 13 May May May May May May May May May May May May 7 14 14 17 25 14 18 254 May May May May May May May 32 May 7 May 27 May May May 254 May 39 May 3 May 10 May 8 May 354 May 154 May 1654 May 14 10 11 10 1054 Sale 15 32 3054 5954 62 454 13* Sale 10854 454 554 2154 4454 10754 3554 65 60 5454 20 1954 1754 1854 Sale 1654 554 854 554 63 5254 15454 14 1154 1754 3354 6254 554 1654 22 14 60 2054 1954 14 12 17 8 55 3 May 1 May May 16 May May May 15 7 May May 27 1 May i1 May May May May May May May May May May May May 7 1 5 4 17} 18 2 22 29 28 2 14 53 5154 10554 254 354 13 21 86 27 Jan. May 14 64 4 Jan. 6754 Mar. Mar. 8 10854 May Jan. 9, 554 Apr. 6! 754 Feb. Jan. Jan. 8. 32 Apr. Jan. 9 4554 Apr. Jan. 19 10754 May Jan. 4 4354 Feb. 954 Jan. 9 Jan. Jan. 5 24 30 27 16 Feb. 23 3 1454 Feb. Apr. 26 1854 Feb. 37 9 Jan. Jan. 16 26 15 1454 Mar. It* I* 30 3 12, 6454 Feb. 17 ' 654 Feb. 21 Apr. 2 Feb. 58 7454 Apr. 7 1154 Jan. 2054 May 29 J £2054 Apr. u 1554 Jan. May 12 3 1354 Feb. Jan. 27 50 Mar. 64 3 Jan. 21 Plerce-Arrow Mot C prof.. 100 Class A 7,900 500 600 400 14.900 260 1,500 540 800 260 500 34,500 2,500 1,900 1,300 18,800 • New 66,400 52,800 3,100 4,300 3,200 185,800 1,300 7,000 3,320 8,800 6,780 7" 154 .100 Pierce Petroleum. Pllsbury Flour Mills Pirelli Co of Italy A 20 1 6754 ......... 100 10 100 Pittsburgh Coal (of Pa) 4% preferred... 6% preferred Pittsburgh United Pref 754 30 6,400 Plttston Co (The). 418,900 Plymouth Oil.......... 254 37 Common ..... 1,800 1,000 106 ~ 4% preferred. 35 preferred 100 §454 53 . 1st preferred ... preferred.. 11* 10 ^ 254 39 33 3 13 Sale Sale 4 254 3-254 Sale 7 8 354 454 2 154 1854 Sale 3 11* iss 14 18 10 12 23 17 15 14 31 17 14 14 12 14 14 13 254 Sale 3354 Sale 10954 Sale May 1 354 May 18 16 1154 May 15 254 May 14 33 107 May 31 3554 May 2 May 1 110 May 15 May 3 54 May 1 3 May 2 May 1 May May May May May 8 11654 May 22 14 3854 May 1 May 12 23 103 24 9554 May 2 12 8154 May 4 102 May May May May May 2 10354 May 17 14 5554 May 1 1154 May 2 10 14 7354 May 1 24 1654 May 1 Sale 10254 10154 10454 102 48 Sale Sale 4754 Sale 954 1054 Sale 66 Sale Sale 6254 Sale 1254 1354 Sale 5554 1154 7354 1554 754 Sale 3454 Sale 2854 Sale 3 Sale Jan. 16 54 May 10 May 11 154 Jan. 13 1854 Jan. 7054 Jan. 954 Jan. 30 7 27 2 Jan. 19 854 Jan. 254 Jan. 4 2 654 Feb. 37 2 Feb. 8454 Mar. 24 Feb. Feb. Apr. 2 154 Jan. 4 10 May 14 8 May 14 3 Jan. 12 154 Jan. 3 1654 May 14 6 2754 Apr. 27 May 17 Jan. 19 154 Jan. 30 1054 Feb. 14 Jan. Jan. 14 21 11 2 7 Feb. 19 1 4 21 354 Feb. 21 1754 Feb. 23 5 Feb. 19 5954 Feb. 19 5 1654 1454 654 354 Feb. 21 Jan. 30 Feb. 5 Jan. 30 Jan. 30 2954 Feb. 6 16 114 11854 121 11754 115 33 Sale 3854 Sale x36 104 10454 £10254 Sale 10254 91 9554 9154 9354 9654 79 82 7954 7854 80 2554 Sale Sale 58 Sale 3054 11 Sale 7 3254 .too .100 Sale 754 3454 2954 34 354 Sale 1654 Sale 42 . 754 Sale Sale 3054 Sale 2J4 Sale 38 Sale 6 17 9 18 954 5054 60 254 Sale 15 18 6054 67 954 Sale 5054 55 60 67 48 454 Sale '54 Sale 16 Sale 44 ^ 60 354 Sale Sale Sale 15 .100 Reynolds Metal Co..... Sale 954 1854 1054 2254 46 . ..10 Sale 79 82 Sale 2454 Sale 1054 1154 Sale 23,600 Reynolds Spring Co.... c Oash sale, 1954 1054 5654 454 15 ...5 Class A Preferred Sale 75 54 Sale 254 Sale 1754 Sale 854 Sale 35 4953 254 2% 211,700 Convertible* preferred .100 5 18,900 Revere Conner Ac Brass.. Ex-dividend, 107 254 Sale . 317,800,MotorCar x Sale 654 Sale 2654 1654 Sale 1,237,600 ttepubllc Steel Corp 2,700 Sale 354 24 ......... 3d 3,100 9554 11 ..100 ... 434,900 Rem'ton-Rand 1st preferred... 16,800 value, Sale 1354 Sale Ray bestos-Manhattan * 30,100 Real Silk Hosiery...... 10 Preferred. .............100 1,710 91,200 Rels (Robt) At Co_.M.. 3,030 No par Sale Sale 354 May 54 May 8 May 154 May 2654 May 7554 May 14 May 33 May 954 May 3554 May 3 May 16 May 354 May 5054 May 1 354 May 14 1354 May 2 10 May 1 454 May 2 254 May 22 May 2 May 14 May 1 May 1 May 14 854 4154 3554 354 May 2 May 11 May 11 May 2 1654 May 14 1954 1054 5654 454 26 May May May May May 654 3354 2754 254 Jan. 10 20 654 154 3354 10254 54 154 Jan. 5 22 Jan. 5 554 May 31' 4154 Jan. 22 110 Jan. 2 154 May 2j 654 105 Feb. 20 Jan. 33 90 17 16 23 15 15 Feb. 19 12 11954 Feb. 17 May 14 45 Feb. 6 8106 Feb. 21 79 Jan. Jan. 67 Jan. 90 Jan. 4754 954 5854 1254 May 14 May 10 Jan. 9 Jan. 6 8, 9654 Apr. 27 2j 84 Jan. 254 Jan. Feb. 6 1010354 May 17 654 Jan. 2354 Jan. 15 Feb. Feb. Jan. May Mar. 5954 Feb. 5 1454 Feb. 16 Feb. 6 1954 Feb. 5 80 9 954 4154 3554 454 Feb. 6 May 11 May 11 Feb. 17 9 23 Feb. Feb. 4 ...... 103", ioo 157,606 4 16 Sale Sale 60 ......... 32,23© Sale- 10154 105 3554 Sale 87 9154 8054 Sale 67 Sale ..... 290 Sale 3454 Sale Sale Public Service El At Gas— 5,100 35 preferred.. ..* 237,600 Pullman Company.. .._* 24,400 4,300 • Sale 8 100 Rand Mines. 24,000 154,500 23,600 50 J Sale 2,259,800 Radio Corp of Amer • 7% preferred "A" 50 95,700 Preferred B.......... 839,800 • 495,200 tRadio-Eelth-Grpbeum Cl A* 100 1354 354 Sale Sale Sale Sale .... 7% 378,300 26,700 249,300 48,600 35,700 1,600 2654 7* 8 Sale Sale Sale 454 Sale 254 Sale 2154 Sale 558,430 Pure Oil * 12,760 8% conv pref...........100 153,400 Purity Bakeries............* 5,700 2,800 Sale 10 30,000 iPressed Steel Car 1% pf.100 Common » 107,700 23,600 250 im 22 "l",966 5,500 154 2554 Sale 35 33 Sale 7 36 9 Prairie Pipe Line..........33 255,300 4,700 7,600 15,400 "7",700 Sale 33 Sale 16 39,300 1,260 80 38 """266 1,200 31,100 60,430 Sale Sale 1254 Pref ctfs of deposit Pub Ser Corp of N J pf8%.100 500 154 2654 74 1254 5 78,600 11,840 1,200 9 13 180,200 Procter Ac Gamble..........* Preferred 5% 4,675 ...100 634,200 {Producer* Ac Ref Corp. ...50 7% preferred...........50 65,340 500 1. Sale 51,200 Poor 8c Co class B 19,900 Porto Rlcan Asa Tob cl A.. Class B 14,500 ...» 267,400 Postal Teleg 8c Cabla pref. 100 "2"800 860 8 i* .100 ..35 ..........100 conv 8 30 Pittsburgh Screw Ac Bolt.. Pittsburgh 8teel pref....100 Pitts Term Coal..........100 Sale 354 Sale 54 Sale Sale 35 Prairie 011 Ac Gas 2,100 8,600 24,400 Sale 5 54,400 Pierce Oil Corp........ 10,600 8% preferred....... 7 a Optional sale 1254 Sale 754 May 14 5054 May 29 254 May 14 15 May 15 854 May 50 54 354 May May 4354 May 10 May 20 May 7754 May 22 May 954 May 15 8 May 14 May 7 14 14 23 10 17 23 11 12 11 May 6054 May 54 May 454 May 2054 May 5554 May 1254 May 2454 May 85 May 2654 May 1254 May { Companies reported in receivership. 16 Jan. 754 May 14 45 14 5 6 Jan. 23 254 Jan. 1354 Jan. 5 3 3854 Apr. 654 Jan. 3254 Jan. 6 5 1354 Feb. 23 6954 Mar. 14 30 8 Jan. 354 Jan. 2 May 14 15 39 5 Jan. Jan. 1154 Jan. 46 4 8 6054 Apr. 26 6 5 1554 Jan. 654 Jan. 2 9 2 2 67 Mar. 14 554 Feb. 23 2554 Feb. 23 6754 Feb. 1454 Apr. Apr. 85 Apr. 2754 Apr. 1354 Apr. 29| 2854 Jan. Apr. 23 11 11 25 26 25 N. Y. STOCK 40 aggregate sales. In May. „ 68,100 90 200, 1934. Bid. Par Shares 561,000 Reynolds (RJ)Tob cl B Claw A 2,370 500 Rhine Westphalia Elec Pr 1* Sale 60 19 — May Ask. . 44 34 59 3* 10 - Richfield Oil Go of Calif 1. Bid. Ask Prices Sale Ask. Sale 43 Sale 57 10 20 123* Sale 603* 163* 413* May 14 57 May 1 15 May 3 443* May 26 59 May 26 16 May 3 Sale Sale 93* 303* 83* Sale 8 May 25 293* May 8 73* May 14 333* May 1 103* May 1 323* May 17 83* May 28 353* May 18 k X 1 2l' Sale Prices. 57 Jan. 5 453* Jan. 593* Jan. 15 M^y 3 23 9 3 Mar. 13 133* 333* 103* 393* Feb. 8 Apr. 26 Feb. 6 Feb. 19 393* Mar. • 103* 26 X 3k 4X 36 X Sale 10 k 31X 33 X Sale 63* 293* 83* 333* 243,300 St Joseph Lead...........10 119,700 Safeway Stores........... * Preferred (4)...........!•• 7,870 Preferred (7) 9,860 1M 47,300 'Savage Arms Corp— ..* 5 1,232,800 Schenley Distillers Corp 1 188,700 Schulte Retail Stores.. 24,585 8% preferred... ....100 2,360 Scott Paper ....—* 23 X 46 203* 53 H Sale 19 Sale Sale 483* Sale 268,200 Seaboard Oil Co of Del.... 6,400 i Sea grave Corp (The).......* 1,128,600 Sears, Roebuck Ac Co.......* 1 23,400 Second Nat Investors... 1,900 85 cony preferred 1 53,500 tSeneca Copper............* ........1 806,900 Servel Inc 40,400 Sharon Steel Hoop .....—* 18,000' 4,800: 5,900 Lowest. Sale Prices. 57 42 .... Highest. Highest. Sale Prices. Lowest. May 31. Bid. Rio Grande OH............* 700' 1. Price Jan. 2 Jan. 1. Shares. RANGE SINCE JAN. PRICES IN MAY. STOCKS N. Y. STOCK EXCHANGE Since EXCHANGE-STOCKS 28 X 7 _♦ 7,900 Ritter Dental Mfg 70,300 Roan Antelope Cop Mines.. 5 93,100 Rossia Insurance 23,900 Royal Dutch Co N Y she— ... 26 X Sale Sale 119X 1113* 30 X 4 15 33 X Sale 41 2 Sale 35 4?« 23* k Sale 36 — 21 293* 33* 403* 2 413* Sale 1 73* Sale 83* 73* 53* Sale 10 k Sale 7 44 63* 73* 53* * 47 48 11 Sale Sale 26 23 k 273* 8X Sale Sale 9 Sale 9 Sale Sale * 70 Sale 9 k 10 Sale Sale iiH 5k 6k H Sale 3834 4 — 43* Sale o'A Sale 253* 43* 263* Sale 23 213* 483* 43 3* 49 Sale x31X Sale Sale 33* 3 Sale 413* Sale Sale 23* 23* 423* 363* 443* 48 Sale 3 Sale 7 Sale 26 42 X 2k 423* Sale 5k Sale Sale 73* Sale 9 6k Sale 1023* 1093* Sale 104 104 110 84 H 100 99 5 127,200 Sharp Ac Dohme 8,600 Cony pref series A.......* 354,500 Shattuck (G F) 944 Shell Transp Ac Trading— £2 436,700 Shell Union OH Convertible preferred.-100 32,400 50,400 Simms Petroleum.... 490,400 Simmons Co Sinclair Con Oil Corp.. Sale 83 Sale 8 18 Sale 75X 46 47 46 83* 233* 83* 703* 83* 143* 93* Sale 203* 83* 25 Sale 75 Sale 9 83* 153* Sale May May May May May May May May May May May May May May May May May May May May May May May May May 12 213* 12 533* 10 105 2 112 9 14 10 34 5 10 14 26 12 49 10 36 24 33* 14 473* 10 23* 3 413* 14 13* 8 10 14 10 7 14 23 49 113* 12 14 233* 14 *8* 76 11 14 103* 183* 14 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 17 1 25 8 8 May 25 263* Jan. 3 4 33 Jan. 3 Apr. 30 5 273* Feb. 57 Apr. 23 May 25 15 112 Apr. 20 163* May 12 44 843* 983* 6 253* 33* Jan. Jan. Jan. 5 3 105 Jan. 12 Feb. 15 May Jan. 383 Apr. 11 8 Feb. 5 303* Apr. 50 Apr. 383* Apr. 16 5 11 7 5 26 2 453* Feb. Jan. 22 2 Feb. 14 Feb. 5 43* Jan. 14 7 4 4 1 9 Apr. 133* Feb. 73* Feb. 49 May 133* Mar. 263* Mar. 113* Jan. 233* May 73* Jan. 58 Jan. 89 Jan. 113* Feb. 243* Feb. 83* May 143* May 24 23 5 3 9 14 27 26 5 5 * 8% preferred..........100 25 8X ...106 Preferred.. 5,200 3,700 Sloss-Sheffleld Steel A lr.100 ...100 Preferred 4,750 v 300,900 Snider Packing.... 1,567,700 Socony Vacuum Corp. "1.25 Solvay Am Inv Corp— —100 22,600 5H% preferred * 78,500 So Porto Rico Sug 53 X 71,400 Skelly OH Co ... ... .. 810 12X 23! 7 k 16 k 25 194,800 Sou California Edison Sale Sale 16 k 6,700 Spalding (A G) Ac Bros...—* 1st preferred...........100 1,800 1,640 Spang Chalfant Ac Co * Sale 6 If# ..... . 339,500 Standard Gas Ac Elec 180,500 $4 preferred.. ...... Preferred (7%) 56,900 29,400 Preferred (6%) Com'l Tobacco Stand 98,700 13,900 23,000 500,500 18,500 879,900 32,300 Corp—* Standard Oil Export pref. 100 Standard Investing • Stand OH of Calif Standard Oil of Kansas 10 Standard Oil of N J 25 Starrett Co (The L S) * 157,900 Sterling Products Inc 10 27,300 Sterling Sec Corp cl A...— • Preferred * 22,000 265,500 472,000 37,995 733,300 31,200 4,010 11,100 138,400 82,800 21,800 10,700 40,900 29,700 63,700 457,250 411,400 239,200 384,700 50 Conv 1st preferred 5,600 16,300 1,040 174,200 8,600 14,900 154,000 i§* 59 68 IX 11 Sale 6 Sale 17 (The)—50 * OH—10 1 Tex Pac Ld Trust ctfs 100 Sale Sale 3X Sale 7 k Sale 650 850 Sale Sale Sale 2 53* 53* 363* 35 Sale 83* 83* Sale Sale 29 19 Sale 23* 103* Sale Sale Sale 5 13* 33* 113* 53* 253* 343* 43* 13* 4 Sale Sale Sale Sale Sale 83* Sale 800 1.000 10x 11 13 Sale 39 40 41 103* 433* Sale preferred..........100 49 6X 54 H Con vertlble preferred .... The Fair Co Third Nat'l Investors...... Thompson 5X (J R)........ Thompson Products— 207,000 Thompson Starrett 1 25 * * 80 , 6 Sale 63* 13 Sale 153* 73* 163* 33* ...........1 Thermoid Co 8k Sale Sale 21 Sale 63* 14 "42"" "503* 53* a* 3* 33* Preferred... —.* 2,800 722,300 Tidewater As»oc Oil........* Preferred 6% .100 27,200 20 34 * 1,000 Tidewater Oil.. 8,400 5% conv preferred ...100 325,700 Tlmken-Detrolt Axle Co... 10 276,200 Timken Roller Bear........* Tobacco Products Corp.....* Certificates of deposit....* 28X 19 30 78 86 1 7 1 115 85 83 Sale 19 83* Sale Sale Sale Jan. 9 9 > 273* Feb. 2 42 Apr. 17 Jan. May 17 23 4 193* Feb. 5 6 1013* May 14 393* Feb. 2 293* May Jan. 153* Jan. 16 130 5 Mar. 24 223* Feb. 4 34 21 39 Sale Sale Sale 13* Sale 36 7 73* : Sale Sale 22 )2 15 23* 83* 24 Sale 60 Sale 17 Sale Sale 7 . Mar. 13 Jan. 15 53* Jan. 10 303* Jan. 11 7 Jan. 22 30 Jan. 23 33* Jan. 5, 31 9 2 Jan. 15 Apr. Apr. 153* Apr. 62 Apr. 21 21 23 24 8 Feb. 21 73* Apr. Apr. 18 24 Feb. 23 10' 61 16112 25 14 19 Jan. Apr. 10 53 1534 Jan. 5X Jan. 5 24 11 Apr. 2 Feb. 7 13 313* Feb. 20 4 Jan. 19 673* Apr. 25 1 18 3* May 12 2534 Feb. 3 12534 May 21 1213* Jan. 5 Jan. 10 21k Jan. 2 63* Jan. 73* Jan. 173* Jan. •8 8 16 Jan. 4 Jan. X Jan. 963* Jan. 3:303* May 33 k Feb. 413* May 6 Jan. 47 34 Jan. 30 10 9 6 Feb. 17 Feb. 6 6 24 33 8 Feb. 6 Mar. 13 13* Jan. 2 11034 May 14 423* Jan. 13' 41 Apr. 16 503* Feb. 15 14k Apr. 4 61 k Apr. 13 5 26 30 21 17 19 21 3 Feb. 6 6 Jan. 12 363* Feb. 1 2 3 ' Feb. 103* Feb. 21 6 13 34 Feb. Jan. 47 193* Jan. 43* Jan. 513* Jan. Feb. 19 93* Feb. 21 Apr. 21 100 Jan. 17 1133* Apr. 23 5 143* May 25 2534 Feb. May May May 62 May May May May May May May May May 14 11 8 12 12 14 14 12 12 5 May 1 13* May 25 33* May 3 12 May 53* May 26 May 353* May 43* May 83* May 103* May May 83* May 763* May 5 May 15 May 7 May 133* May 23* May 19 May 113* May 773* May 14 7 12 14 8 24 12 14 14 2 14 14 133* 433* 103* 80 3* 173* May 4 May 19 May 133* May 85 May 8 5 May 133* Jan. 2 7 May 12 133* Jan. 4 23* May 14 19 Mar. 31 83* Jan. 4 643* Jan. 4 37 17 15 14 14 37 31 Mar. 26 80 Jan. 11 33* Jan. 4 23* 103* 4 3* 213* 1 19 534 23* 53* 1534 634 293* Jan. Feb. Feb. Feb. Feb. Feb. 4334 Feb. 63* Apr. 12 Apr. 26 19 23 1 19 5 6 153* Jan. 30 Jan. 29 3 63* May Jan. Feb. 1534 Feb. 1 k Jan. 23* May May 11 33* 3* 23* 103* 43* 213* 303* 33* 73* 17 383* Apr. Jan. 1X Jan. 3 41 4 63* Jan. 83* May 83* May 29 May 53* May Mar. 20 13 74 2 14 41 Sale Sale 42 Sale Sale Sale 263* 4k Sale 303* Sale 353* 963* 73* 313* 618,700 Transamerica Corp........ * 63* Sale 63* Sale 63* Sale Williams Steel Forg* Sale 73* 43* Sale Sale Sale Sale Sale .__* .....* 93* 43* 773* 70 72 70 .* Sale 38 Sale 37 Sale 36 23* Sale 2 7 Sale 6 Sale 23* 43 Sale 3 Sale 90 3* 9 May 11 May 8 May 12 Jan. 8 May 14 303* May 14 33* Jan. 8 63* Jan. 6 4 2 950 123* Sale 403* 433* 73* 9 773* 80 53* Sale 163* 18 73* 73* 133* 14 33* Sale 19 213* 123* Sale 823* 83 38 Sale 63* Sale 29 213* May 1 9 k May 1 83* May 12 29 May 1 613* May 1 213* May 2 1253* May 21 83* May 14 123* May ox May 14 133* May May May 14 30 19 May 12 253* May 43* May 10 63* May 13* May 23 13* May 1083* May 1 1103* May 26 x30X May 14 35 May 1 383* May 29 40 May 2 413* May 16 443* May 4 103* May 25 1 123* May 563* May 14 603* May 12 2 May 1 13* May 10 43* May 31 53* May 4 343* May 24 35 May 5 63* May 63* May 21 May 43* May 563* May 1103* May 143* May 2 May 63* May 33* 4 13* 13* 23* 33* 113* Sale 43* 5 x23k Sale *343* Sale 33* Sale 83* Sale 700 103* May 9 60 May 7 12 May 3 53 May 16 73* May 1 53* May 7 24 123* Sale 14 14 12 10 14 15 21 283* 243* 53* 53* 13* 13* 1093* Sale 323* Sale 423* 103* 583* 13* 43* 4 39 5 22 38 83* May 85 85 8X 65 4 173* May Sale 73* May 8 6 83* May 27 29 25 May 393* May 483* Sale 183* May 203*" Sale 1233* 1243* 1233* May 19H 53* Sale 43* 59 603* Sale 112 1163* 1113* • * * Thatcher Mfg 7% Sale Sale 403* Sale 443* 123* 583* 4 11X 43* Sale 40 M Sale ,„_w 24 k 40 \* Sale c 35 Sale 33* ik 263* Sale 63* 13* 1083* 16 1 Texas Gulf Sulphur 60 26 Sale 10 h Texas Pacific Coal At 55 283* Sale lOu 2 May 54 May 8 May 50 May 53* May 43* May Sale Sale 5 233* Jan. 3 63* Jan. 14 May 14 9 10 Sale —100 Corp 5 Corp..........—5 (The).........25 lH 113* 263* Sale 4 23* 10 34 29 May 163* May 83* May 15 Sale 4X Sale 1 lk 96 X Sale 41X Sale 36k 37X 45 X Sale 6 6X 50 3* Sale IX Sale 2X 3 Superheater Co (The)......* Telautograph 63* Sale Common.................* Sun Oil * Texas Corp Sale Sale Sale Tennessee 129 Sale it3 * Sale 123* Sale ... 163* 13 Sale Sale 6X Class A 125 Sale 7k 7k Symington Co............ Sale 213* 1223* 127 6x Sale Sweets Co of Amer 12 Sale 593* Sale * Superior Oil .... Superior Steel...... Sale 9 29 Sale JStudebaker Corp pref...100 . Sale" 9X 9 63* 223* Sale Stone & Webster . 60 7X Sale 53* 4X 21 k 22 1003* Sale 313* Sale 133* 8 50 Sale 23* 21 17 15 1 15 8X 16 5 Certificates (old) 24,300 1,500 32 1273* 129 17X Sale 52 Stewart War. Alemite Corp Preferred- Sale Sale 100 10 1213* 123 1 2 2 68 1 42 * * * .....__* Sale 40 22 3* .3 3* 2 Preferred 15 H 113* Apr. 25 683* Apr. 26 10 103* May May May 993* May 24 1013* May 293* May 14 323* May 126 May May 29 130 16 May 12 173* May 303* 35 123* Sale 153* Sale 40 53* 333* 13* 467,300 Sparks Wlthlngton.........* 8,950 Spear Ac Co ......... * 210 7% preferred 106 47,000 Spencer Kellogg Ac Sons.. * 1,702,900 Sperry Corp (The) v t c 1 4,300 Spicer Mfg Co * Convertible preferred A—* 4,010 297,200 Spiegel-May-Stern Co • 1,189,400 Standard Brands..—......* Preferred • 1,630 38 X Sale 73* Jan. 543* Jan. 25 123* May 12 14 May 14 29 16 183* 43* 634 23* 9 May 14 633* May 14 May 2 25 93* Sale 623* 65- 29 29 X 15 Sale Sale 36 • Class B 1,0601 25 Sale 87 250 Southern Dairies class A...* 400 67 16 rilioo 1123* 117 8% preferred 103* Sale 68X «§* Sale May 88 May 6 May 263* May 10 18 8 May 17 963* May 1 73* May 4 323* May 3 4 Jan. 15 Jan. 6 50 May 29 May 5 Jan. 39 6 May May May May 63* May Jan. 10 26 34 May 14 44 123* Feb. 16 83 Apr. 30 93* Feb. 19 6 193* Feb. 5 11 Feb. 203* 53* 243* 1434 853* Feb. 16 Jan. 29 Jan. 30 Apr. 23 Apr. 30 Apr. 27 963* Apr. 27 83* Apr. 24 41 Feb. 5 40 Class A Tran At 46,800 243,500 Tri-Continental Corp Preferred 11,400 ... 40,000 21,700 134,800 33,200 47,900 1,020 80,200 639,800 • * No par value, x Trlco Products Truax Traer ..... Sale Coal..........* Truscon Steel Co...... Ulen Ac Co AA Sale 10 2X • Sale Underwood Elliott Fisher..* 102 k Union Bag At Paper........* 98 k 47 Union Carbide At Car ......* 47 X Sale 7% preferred—.........* Ex-dividend, . a Optional sale, c Sale 120 543* 423* Cash sale. Sale Sale 40 120 47 Sale A* 53* May 14 63* May 4 May May 23* 53* 23* 38 120 "493* x39X Sale 443* 353* May May May May May May May May 63* May 1 Feb. 5 Feb. May Feb. 17 3 773* May Apr. 20 Feb. 3 23 19 15 20 93* May 38 23* 7 33* 433* 120 56 433* $ Companies reported in receivership. May May May May 10 May 1 May 25 May 1 May 4 Feb. Feb. Jan. Jan. Apr. 16 Feb. 23 Jan. 19 June, 1934.] N. T. STOCK aggregate sales Since May. Shares 21,300 212,500 1,260 6,600 240 900 4,200 26,800 I 1. May Ask Ask Bid May 31. Sid. 16% Sale Lowest. Ask 16 Sale 19 Sale 18} Sale ♦ 16 J.O?4 Sale DfcUO 20 United Aircraft flr Tr Corp..* United American Botch Corp* 32 34 Sale 2234 Sale 20* Sale 7 12 23 K Sale Sale Sale Sale Union OH, California.. M Union Tank Car......— United Biscuit of Am......* Preferred 136,700 United 110 100 Carbon 37 34 ....* Sale Sale 1334 Highest. Sale Prices 15 May 14 18 May 7 1834 May 14 11 May 8 2434 May 14 Lowest. Sale Prices. 17 May 20 May 23% May 14 May 28 May 11234 May 11 115 May 38 May 14 4334 May Sale 25 34 Sale 11534 11234 115 4234 Sale 4134 Sale 28 115 Highest. Sale Prices. Sale Prices 15 May 14 1534 Jan. 9 1734 Feb. 6% preferred United Corp 154,500 Preferred 508,600 United Drug Inc 23,265 United Dyewood....... 830 Preferred. 194,500 Universal Pipe tc Preferred 1,650 40 67,600 1,980 3,000 26,400 74,200 3,630 51,200 233,100 59,900 57,100 3,200 310 677 19,800 300 8,700 100 4,600 1,100 1,046,900 7,100 30,300 165,300 23,020 71,000 33,800 30 390 780 100 89 99 100 S Tobacco..... * Preferred Preferred 4% ..5 25 34 Jan. 434 2434 934 334 5934 334 Jan. 4 Jan. 3 Jan. 8 Jan. 2 Mar. 9 Jan. 10 210 • ..100 Bros Pictures 2 • Warren Bros ihH Sale * Convertible preferred 18% 28% 634 ..* * * Preferred 65 100 7,230 Wells Fargo 8c Co 102,600 Wesson Oil 8k Snowdrift $4 conv preferred 10,600 ,1,600 West Penn El Co "A" 7% preferred 5,300 1,100 2,440 7,400 600 • 500 320 "5",900 3,300 1,700 9,200 500 25,200 3,040 103,400 7,800 3,900 6,050 Weston preferred El 1734 45^ 55 Sale 5234 4134 8934 Sale » Instr.... Class A Wheeling Steel Corp.... 960 600 2,620 3,500 1,800 24,200 490 6,100 59,700 4,800 37,200 28 • il 35 32 H Sale 3334 Sale 30 254 Sale 1034 Sale 2134 Sale 24 70 2** if8 Sale Sale 80 59 • 5 • Wilson 8k Co • 534 Sale "A" 1334 Sale 56 100 a 70 90 134 13 134 61 Sale 68 Sale 63 Sale Sale 3734 Sale 10834 107 100 9934 100 3 34 a* Sale 43 Sale 2934 234 Sale 8 34 Sale Sale 32 6J4 Sale 2134 Sale 7434 Sale 5134 Sale 4034 2534 3034 8634 2734 Sale 3434 Sale 90 37 1834 18 45 1634 "2534 25" May Sale 4 Sale 29 32 634 634 20 75 Sale Sale 44 36 Sale 34 34 5334 Sale 50 54 6434 Sale 6134 63 4234 6034 14 22 Optional sale. 3 Sale 3% 634 Sale Sale 534 Sale 44 34 19 Sale Sale 2434 Sale 334 Sale 634 Sale Cash sale. 1534 1634 434 Sale 40 45 1634 19 234 534 1734 Sale 334 Sale { Companies Feb. 26 5 2734 Feb. 5034 Jan. 24 132 i Apr. 26 1034 Apr. 24 9 6434 Feb. 1134 Jan. 24 1 1934 Feb. Jan. 30 80 Jan. Jan. Jan. 37 May 734 May 1134 May 2 1234 Feb. 14 34 Jan. 24 Apr. 21 2434 Jan. 6134 Apr. 20 9634 Jan. 13534 Feb. 16 5434 Jan. 13 6434 May 11 39 May 31 5934 Feb. 19 84 May 9934 Jan. 25 99 Jan. Feb. 6 110 534 May " Jan. 145 6134 Jan. 234 Jan. 67 May 12 Apr. 26 6 134 Jan. 25 2134 Apr. 18 3134 Feb. 19 Jan. 1 20 Jan. 18 May 434 Jan. *5434 Mar. 1134 Apr. 18 Feb. 5 Feb. 6 98 Jan. 64 4 Jan. May 14 8 Jan. 3 Jan. Jan. 2 Jan. 11 5 15 17 16 16 2 1234 May 2 May 22 May 1 2034 May 10 52 May 2034 May 25 21 2934 234 1034 434 17 4134 37 16 reported in 17 14 16 4 Jan. 20 Jan. 4 Jan. 4 Jan. 5 May May May May May 10 6 Jan. Jan. 19 4 Jan. May 14 Jan. May 14 3 34 May 65 Jan. 8 7 8 Jan. 17 1534 5234 44% 5134 Jan. Jan. Jan. Jan. 4 45 Jan. 3 8934 Jan. 7834 Jan. 10 1 3 Jan. 134 Jan. 40 34 May 2534 May 3034 May 8334 Jan. 5 8 8 10 3 14 Jan. 80 Feb. Apr. Apr. Apr. May 10134 Apr. 634 Jan. 234 Jan. 6634 Feb. 68 77 6 6 92 4 Jan. Jan. 14 Feb. 5 May 22 2734 Feb. 8 29 Feb. 21 57 Feb. 26 2834 Feb. 19 25 3134 Apr. 19 6 334 Feb. 1134 Apr. 20 4 534 Apr. 9 32 Feb. 434 Jan. 1234 Jan. 8 9 53 8 3 Mar. 14 9 2634 8434 5434 3134 Jan. 10 53 30 Jan. 16 34 Jan. 10 42 8 11 75 65 22 14 46 28 Jan. 2 15 Jan. 8 Jan. 30 30 17 134 Jan. 534 Jan. 3 34 May 2734 Jan. 4 26 20 16 16 21 5 30 22 receivership. 20 25 20 234 Jan. 23 2734 Feb. 21 Feb. 23 60 Jan. 7 Feb. 78 May 534 May May 1934 May 2534 May 3 34 May 634 May Apr. 23 31 36 Jan. 5434 Jan. 5 4734 Feb. 1634 May 15 17 34 Feb. Apr. 24 Feb. 16 Jan. 24 14 38 4134 Jan. 834 3124 334 13 34 2834 14 Jan. 3 Jan. 5 Jan. 12 May 24 Jan. 3434 Apr. 23 534 Jan. 23 1 7334 May Feb. 5 26 Jan. 30 78 Feb. 23 9 Feb. 23 27 Mar. 9 79 110 Apr. 26 834 Feb. 20 4 2834 Apr. 106 May 22 1 634 Feb. Feb. 5 12 Feb. 5 334 Jan. 24 36 67 2 110 634 1634 14% 1834 24 v 534 Feb. 16 16 10 18 . 78 16 29 14 16 14 14 24 7 Sale 1634 Sale Jan. 6334 Jan. 1634 May 3534 May 434 1834 134 6 34 1534 May 4 May May May 1734 May 234 May 5 May Sale 20 23 Jan. 734 Jan. May 126 . 20 16 24 ' 28 11 Feb. 7l 33 1934 Feb. 23 Jan. 31 4 Feb. 20 13 134 Apr. 19 1534 Feb.. 5 Jan. 5534 21 Feb. Apr. Apr. 5034 Apr. 12434 May 4634 Apr. Jan. J5/s 25 21 16 24 Apr. 25 2034 Feb. 6 99 34 May 19 334 Feb. 19 6 1.634 Jan. 115 Feb. 6 66 40 V\ Feb. 8 3 7 7 28 26 2 1334 Feb. 20 11234 Jan. It* 77 Feb. Feb. Apr. Apr. May Apr. Apr. 834 3734 1834 1034 7534 68 334 Jan. 5434 Mar. May 29 May 10 734 May May May 5134 May 25 May 4734 May 36 May 5434 May 28 6434 May 1 1834 7034 4734 4934 Sale Jan. Jan. 49 Feb. 26 30 4134 3034 434 Sale 7 8 134 Feb. 13 22 18 12 12 10 14 14 14 14 6 Sale 28 3 4 Jan. May 23 May May May May May May May May May 234 834 334 2934 Sale 15 434 Jan. 1434 Jan. 86 Jan. 12 May 8 May 1 May 7 May 17 - 234 934 234 834 25 35 24 5 2 16 28 12 934 May 10 2434 May 14 1934 .tl634 May 14 19 May 24 4834 48 May 23 18 1634 May 15 1034 27 53 134 Sale 134 Sale Sale 25 3 May May May May May May May May May 7 May May 2% May 1134 May 2134 May 24 May 434 May 80 May 134 May 23 May 58 34 May 65 May 75 May 66 May 110 May 10134 May 334 May 134 May 52 May 32 34 May 38 34 May 90 May May May May May May May May May May May May May May May May May May May May May May May It* sF Sale Sale 10034 334 Sale 134 Sale 5134 Sale 434 4 65 74 64 108 100 30 834 1834 1834 Sale Sale 108 11 234 834 2034 IF Sale 21 534 21:34 234 634 27 2 Sale Sale 89 Sale 534 23 34 Sale 72 tly* 234 2334 4734 30 Jan. 134 Jan. 34 May 11 334 May ' 6334 May 2034 May 76 May 7 34 May May 14 6834 May 15 110 7 534 May 23 26 2334 May 10 27 106 103 May 2 106 Sale 4 May 7 534 8 May 12 a?* Sale 2 May 29 234 3134 2734 May 10 3234 3034 13 % 16% 5534 Sale 100 15,700 Yale 8k Towne Mfg Co 25 243,600 Yel Trk 8c C'ch class B 10 5,050 7% preferred 100 74,900 Young Spring 8c Wire 398,200 Voungst'n Sh 8c Tuba..... 45,000 Zenith Radio Corp » 424,000 /.onite Products Corp. 1 Sale 4334 Sale 23 2334 10 1 134 May 21 May 2434 May 1034 May 76% May 23 60 20 28 vi Sal* 2! 3 34 May 106 58 25 * 14 10 8 12 14 1 534 Sale 5 Ex-dividend, 1 6 Feb. 2934 Apr. 26 11534 Apr. 27 4534 Apr. 25 Mar. 20 Sale 2234 5534 2034 Sale 26 1834 534 Sale • * May 3 May 1 May 10 May 1 May 2 May 26 May May May May May 14 834 May 12 2234 May 14 5534 May 16 12134 May 2 6434 May 11 47 34 May 31 93 34 May 31 8 10334 May 28 8 145 May 12 3234 May 16 234 May 14 69 May 11 1634 May 12 7334"May 4 634 May 7 !* Sale 2634 Sale 2534 10434 10534 103 5 Sale 434 10 1034 734 24 45 1 70 dh 3!* 6234 1 if Sale Sale 1634 Sale 40 7% preferred "A"......100 7,100 6% preferred B 11,800 100 16,890 Wright Aeronautical Corp * • 40,600 Wrigley (Woi» Jr x Sale P "If* * 50 Preferred 121,300 485,000 Woolworth (F W) 73,700 Worthlngton P 8k M No par value, Sale 3834 Sale 90 8034 100 .... White Motor Sale 82 Sale 7 17 65 1 134 5434 Sale • Willys-Overland 144",300 3% * 2,300 Wllcox-Rlch Corp class A 426,500 80 ...50 ...... 54,000 12,000 75,100 10,700 90 • White Rk M Spr ctfa New... 33,600 39,700 White Sewing Mach.. Convertible preferred 18,900 91,700 Wilcox Oil 8c Gas "9" 500 Sale .__* Westvaco Chlorine Prod Preferred Sale 50 May 29 Sale 76 8 Sale 7 Sale 1 Sale ...1 2,340 1st 66 21 Sale 105 18% • .... Warren Fdry 8c Pipe.. Webster Elsenlohr 7% 734 25 34 W* 76 Sale 5 preferred... vVarner-Quinlan ; 2,370 J?* 67 8134 8434 334 Sale 634 7 2 2% 27% 29 Class B v t c • 88,900 478,700 Western Union Teleg 100 164,600 Westlnghouse Air Brake • 768,849 Westlnghouse EI 8c Mfg..50 760 33 Sale * 8,400 66,100 22,000 136,700 360 . Sale Sale 1034 May 7534 May 5 May 72 May 234 May 1834 May 1634 May 9934 May 19 234 May 21 44 Sale Sale 34 1034 634 Sale 534 May Sale 1834 Sale 1734 May Sale 4434 Sale 4234 May Sale 11534 Sale 11034 May 6234 59 6134 62 May Sale 39 Sale 39 May Sale 84 Sale 84 May 10334 10334 Sale 10034 May 141 14234 May "6734 5534 "65" Sale 3 Sale 234 May Sale 134 Sale 134 May 23 20 2234 2034 May Sale 19 Sale 18 May Sale 10 834 834 May Sale 70 7634 Sale May 334 40 ~ May 9 May 10 11 72 May 11 1634 May 31 2134 3534 May 24 4034 127 May 1 13134 734 May 12 934 A* 40 Sale 37 May 14 51 734 Sale 9 734 May 12 1234 1334 1134 May 12 15 58 6934 5834 May 4 65 33 110 ,.* 70 17 13 86 73 34 95 100 6034 334 134 2034 534 May 1 3334 May 29 1634 Sale 36 3334 13034 Sale ,834 Sale Sale 55 ..._.._■* 934 72 Sale 15 Sale 12 ... conv 1434 5% % Sale 3% 534 Sale 137 48 60 • Ward Baking class A Class B Sale 6134 46% 93 34 101 10 100 7% preferred Sale 2134 5334 Sale 98 100 .... 6 % %. preferred Walworth Co Sale 115 24 100 Walgreen Co $3.85 2234 60 % 65 Sale Sale 40 Waldorf System Warner 5 Jan. Jan. Jan. 35 1034 May May 434 May 6434 May 4734 May 124* May 28 May 3 26* May 3 May 4 2 May 4 50 Sale Sale 100 Detlnnlng - 65- 20 __100 4,400 300 101 334 100 Preferred (6).. 100 2,850 West Penn Pow pref 7%..100 6% preferred ! 2,085 100 46,500 Western Dairy Prod A 530 Sale 67 1 ... 7% preferred Sale Sale Sale Sale 56 Sale 125% 128 100 ......10 7% 1st preferred Preferred stamped 12,930 Vulcan 21,800 86,600 2,330 65,200 14,000 53,200 16,000 8,200 1,100 ..50 ... ♦ 95,200 Va-Caro Chem 7% prior pref 2,200 100 6% preferred 100 50,510 3,630 Virginia Elec 8c Power 6% pf* 7,100 Virginia Iron, Coal & CokelOO 360 300 ..50 64,450 Vick Chemical Inc..... 1,950 3,800 * ..100 1 2,500 2,600 8,800 834 16 34 26 34 LOO34 55 34 48 34 23 60 86 65 • ... 7% preferred 13* 1434 Sale * • " 1834 134 734 9% Sale 5034 Sale ... 90 Sale 40 127 100 54 700 Vadsco Sales Corp.... 670 22 2134 Sale Preferred 1 100 100 292 300 Vanadium Corp of America.* 29 410 Van Raalte Co 5 5 ,510 Sale 9 v to.. 123 34 38 "44"" 72 t c v 4434 35 534 % Sale 1034 Sale 734 May May 334 May 65 63 May 4634 43 May 125 123 May 42 38 May Sale 1934 May 19 1734 May 2 234 May 50 Sale 6434 2 434 May 12 30 May 14 1434 May 10 7 May 12 70 May 14 4 May 14 67 May 10 134 May 14 1634 May 7 1534 May 14 97 May 1 234 May 9 Sale 2634 1834 .... 150 Utah Copper 220 000 Utilities P 5c L "A" 3,300 31,200 t c Preferred 6 400 U 200 900 Class A v 1034 60 Sale 123 20 Prior preferred 104 100 9,300 11,100 2,800 U S Leather 3 4634 Sale 7% preferred..........100 U S Hoffman Mach_. ...5 U S Indus Alchol » 14 800 1 730 138,900 62 ' ♦ 2,036 400 United States Steel. 1,400 \ 434 ... ...... 6,800 500 Preferred U S Freight U S Gypsum Co 8% 1st preferred 807 300 U S Smelt Ref & Mg 130 33,800 3,500 A* 100 512 000 1,700 18.400 Preferred Sale 50 * 534 Sale 3234 Sale 1534 Sale 7 34 734 7034 75 434 Sale 7034 Sale 134 Sale 1234 18 1534 Sale 97 9834 234 234 Sale 934 Sale 7034 Sale 434 Sale 72 Sale 234 Sale 1634 1934 16% Sale * 224 800 U S Realty & Impt., 1,099 600 U S Rubber 1.800 22,400 * 16,100 U S Express 100 46,500 U S & Foreign Secur Corp 3,300 17 234 100 Preferred 7001 ~2~706 534 Sale 3334 Sale 97 47,900 Universal Leaf Tobacco. • 490 Preferred 100 1,890 Universal Plct 1st pref._._100 697,500.U S Pipe & Foundry 20 24,670 1st preferred 3,000 U S Dlstrlb Corp » 60,600 2,800 100 409,600 100 Preferred 1,500 6,300 70 130 34,900 192,200 119,800 119,300 * 88,700 United Stores A 300 400 60 Sale Had Co_.l 48,600 United Piece Dye Works 100 8,700 7,100 31,800 4,400 9,000 55 3 34 m 2,900 400 10 100 ....* 528,900 United Gas & Impt Co * 10,500 PfftfOffOd 9,800 {United Paperboard Co—100 1,500 600 2,400 8,600 1,170 5 .... 28,900 United Electric Coal 153,500 United Prult 20,800 12,300 . 4% Sale 2634 Sale 10 34 Sale 334 Sale * ..... 100 5 Feb. 100 1,832,450 4,500 2034 Feb. 21 3734 Feb. 17 10 23 107 United Cigar Stores 172,100 17,000 69,300 2,100 1. 1 1934. Bid. Par. 195,500 46,700 2,369,800 10,540 63,500 range since JAN. Price Jan. 2 Jan. 1. Shares. 41 PRICES IN MAY. STOCKS n.t. stock exchange In EXCHANGE-STOCKS 5 May 14 1734 May 14 234 May 24 5 May 7 22 734 4734 2234 3334 434 734 Apr. Apr. Apr. Apr. Feb. 11 13 11 21 5 Jan. Jan. Jan. 24 24 Apr. 26 27 Apr. 24 Feb. 19 Apr. 26 Feb. 19 Feb. 19 Feb. 5 Feb. 19 CURB EXCHANGE RANGE OF PRICES ON NEW YORK 12,601,139 26,909,498 4,313,864 34,835,211 Shares_ May Jan. 1 to May 31 May $107,054,000 $93,948,000 — - 401,757,000 532,003,000 May 31 Jan. 1 to 1933 1934. Bond Sales. 1933. 1934. Stock Sales. the NEW YORK Since Jan. 2 Jan. 1. 1934. INDUSTRIAL Shares. Bhares. Ask. Bid. Par AND May Ask. Ask. Bid. Bid. Sals Sals Prices Sals Prices. 175 V.666 pf Mfg class A Adams Mlllls 7% 1st Class 700 6,000 8,500 500 Sale 7% 9% Sale 15% 1 i% Air Investors Inc common..* 200 100 200 Allied Internet Invest com..* 100 900 525 $3 conv 400 IX May 16 4 May 28 12% May 22 IX May 25 14% May 31 %6 May 31 49% May 29 2X May 2 4 May 28 14 May 4 IX May 17 17 May 7 % May 4 61 May 4 12 X 9 16"" ~20~" IX Sale Sale Xt Sale 14 K X May 9% May % Sale Sale 9 8% 72% Sale Sale Sale Sale 74 8% 76 * 1M 8X 8 Sale Sale 63 .* 8 8 7% May 14 62% May 24 72 May 5 10 May 11 8% 72% 74% 10% May May May May 2 1 5 2 4,500 3,600 i 300 Aluminum 22 Ltd.... 6% preferred 7X Sale 40 """300 1,400 2,800 400 5.900 350 900 * 300 50 Amer Dept 5.100 75 1,950 3,050 75 4,550 4,500 100 * % 150 3,000 1,700 "*800 5,800 300 % % X May 12 May 2 2 Sale 16 20X 20 X ..... Sale 20% 22 17 K Sale % May 12 May 2 May 22 21 64% May 66 20% May 7 17 May 14 21 May 22 20% May 1 % Warrants.. Sa\ a Sale 1 2 Sale IX X 1% Sale 2% % 3X 1 50 1 3 2 H ..... 3% 1 1 10 % Sale 14% Sale 12% Sale Service....* Potash & Chem Corp..* 50 preferred 9 • Transformer common 19 1 22 3 8 10 15 12% May 31 May 9 30 * Amer Pneumatic 1% May X May 15 May 17 May 8% May 2% May X May 1% May % May 17 May 17% May 8% May 3% May % May 15 May May 15 30 3 9 3X Sale 17 19% Sale May 31 May 2 May 10 8 3 17% 17 19% 7 3 2 19% May 17 May May 10 2,300 44,800 4 5 3 X 3X Post * Fence com 400 Apex Elec Mfg common.. * A returns Radio Tube.. ...1 4,900 4,900 2,800 2,800 117,400 5,900 Armour & Co Prior (111) new w Sale 3% Sale IX Sale 69- 5 ®y % 1% 7% % 2 10 Sale 1% Sale 6% 9% % % 1...5 3% May 12 1 May 26 1% May 31 40 Jan. May 4 1 2% May 24 IX 15% 2 4X 4% 14 21 3% Sale Sale 18 Sale 2% 3 4% 4% 2% May 5 16 5 7," Feb. Feb. Feb. 2 % Jan. 9% Jan. 30 19 20 7 2 20 9% Feb. 9 85% Feb. 24 78 Jan. 20 7% May 14 62% May 24 65% Jan. 13 19 18 8% Jan. 3 13 Jan. Jan. 18 10 Jan. May 27 Mar. 27 36 24 10 7 12 Apr. 24 Apr. 20 Apr. 21 Jan. 29 Feb. 6% Mar. 60 8 Apr. 13 3% Feb. 20 Mar. 13 7 „ 1 % Jan. 2 48 Jan. 6 % 1% % 15% Jan. 3 Jan. 15 May 12 Jan. 4 Jan. 25 58 56 Jan. 5 8 6 8% May 2% 1 % 21% 22% 8 Jan. 10 X Jan. 16 10% Jan. 2 18 Jan. 36% Feb. 16 Feb. 17% Jan. 3% Jan. 19% Feb. 5 Apr. 4 Apr. 2% May 13% Feb. May 9 Jan. 11 7% Jan. t Feb. < 3 May 1C Jan. 9 17 3% Jan. 11 1 May 26 Feb. Feb. 6 Feb. 5 Apr. 18 Apr. 14 Feb. 8 4% Feb. 6 % Feb. 27 10 30 14 10 Jan. 2 Feb. 22% Apr. 25 % Feb. 15 2 Mar. 31 9 % Jan. 9% Jan. Mar. 12 21 Mar. 31 1 Apr. 23 1 2% Apr. 9 % Jan. 25 21 % Feb. 21 66 May 22 18% Mar. 29 15% Jan. 2 % Mar. 31 I 23 16 16 30 6 3 6 4 24 6 May 2% Mar. 16 7 % Mar. 14 i Feb. 6 6% May 29 60% May 29 14% Jan. 1% Jan. 26% Feb. 15 4% Apr. 24 1% Jan. Jan. %» Jan. 6% May 3 X May 25 2% May 7 4% May 15 4 % May 25 3% May 21 2% Jan. 4 Jan. 1 3 May 28 % Jan. 2 8% Jan. 25 6 3% May 7 30 63% Apr. 26 1 % May 1 6% May 29 60% May 29 21 May 1 6% May May 17% May 2% May Jan. 21% Apr. 20 3 May 31 5 29 29 12 8 % May 59 * preferred. Armstrong Cork com 29 200 Art Metal Works common—5 2,500 Jan. Mar. 3 1% May 25 12 12 14,700 Anchor May 28 4 200 Amsterdam Trading Am shs ""600 J an. 15 10 8 15 4 4 15 Jan. 10 2 IK X 50 American Investors com 350 Amer h! 50 7% 1st pref. ser B 6% 1st pref series D.. 200 Amer Salamandra Corp 250 X May 12 7 May 28 2 % May 7 55 May 8 % May 8 10 100 7% 1st pref A Amer Thread 56 May 28 IX May 11 53 May 18 % May 8 21 American Equities Amer 2X % 1 625 Amer Mfg Co common.....100 —• 4,394 American Meter Co ""300 1% 53 % X 350 Amer Maize Products com 250 % X 15,250 Amer Laund Mach com....20 1,100 "%"~X Stores Corp.. 300 Amer Hard Rubber com 50 1,350 2X 58 55 16 Co 53,600 Amer Founders Corp.. 4.600 800 2% * * $5.50 prior preferred.. .... 20,700 1% Sale .._* Common class B S3 preferred 5 May 16 Mar. 27 37 Corp com cl A* Amer Capital 900 Amer Cyanamld com cl A.. Common class B 510,250 83.850 7X May 31 7 1 20,000 Amer Beverage Corp 740 American Book Co.......100 4,700 Amer British Ac Contr Corp.* 600 Jan. 3 Series D warrants 400 Amer Bakeries class A.. 100 1,500 32% May 51 May 30 6 11% Feb. Apr. 7 12% Jan. 30 10 100 V/ 22 Series C warrants 335 II May 21 May 10 48 100 ... 693 Jan. 7 9 12 3^ 10 100 Aluminum Industries com "l'.OOO Jan. &Mar. I 1% May 12 X May 8 9% May 8 May 28 1 preferred.........* 52.000 Allied Mills Inc 57.700 Aluminum Co common Preferred 8,000 4,800 Aluminum Goods Mfg 8,400 9,700 1,500 3% Jan. 8% Jan. 73 Jan. 12 * preference 14% 14 3 2% 3% 3 2% 3% Warrants 8,700 3,200 Ala Gr Sou PR ordinary ..5# * I,400 Algoma Consol Corp com 7% preferred .5 2,600 * 900 Alliance Investment com 2,500 95 Sals Prices. Prices. 8 2 % * Convertible May 11 May 7 9 8X May 12 May 7 95 Alnswortb Mfg Corp corn 4,400 200 5 * B 200 Agfa Amsco Corp com 100 3% 6 3% 25 100 Acme Wire Co v t c Aero Supply 3% 3 * Acetol Products. Inc. A Highest. Lowest. Highest. Lowest. May 31. 1. MISCELLANEOUS 1,500 1,300 3.350 1,000 33,900 200 1 Price CURB EXCHANGE In RANGE SINCE JAN. PRICES IN MAY. AGGREGATE SALES May. selling disregarded in the month's range, unless they are the only transactions of the month, and when shown in a footnote in the month in which they occur. No account is taken of such sales in computing the range for year. NOTICE.—Deferred delivery, under the rule and cash sales, are outside of the regular monthly range are 59 Associated Elec Industries- 500 76,600 1,100 20,900 1,900 23,700 900 400 American deposit rects.. £ I Assoc Laund Atlanta Birmingham 10 10.500 „ 405,100 21,100 2.700 18,700 5,900 225 Atlas Atlas Corp "ix "2" 4% "2% ""3% 3 4% Sale 4% 5% 5 6 7 7% 11X 12 Sale 47 Sale .. * Sale Sale 4% Sale 2 X 3X 4% 7% Sale Sale 6% 7% 10% Sale44% Sale 3% Sale 7 7% 2,450 Axton Fisher Tob class A..10 .100 4,325 Babcock Ac Wilcox Co II,400 Baldwin Locomotive warr 390 Baumann (Ludwig) & Co 1 36,700 Bellanca Aircraft v t c * 1,200 Benson & Hedges com.. Conv preferred 1,700 .._..* »' 1,600 Blckford's Inc com 500 $2.50 Conv pref ...* 35.700 Bliss (E W) 8c Co common...* 33 51,300 Blue Ridge Corp com—....1 Opt 6% Con* pref * 21,200 9,300 Blumenthal (S) Ar Co com...* 5 5,400 Boeing Airplane Co 2,000 Bohack (H C) Co common 100 7% 1st preferred 100 * 1,000 Botany Consol Mills com IX Sale 32 X Sale 5 8X 35 Sale Sale 300 1,100 5,200 3,100 5,406 75 900 2,400 6,850 Bourlols Inc 27,000 Bower Roller Bearing.......5 . . For footnote* see page 55. .. 1 14 14 14 31 14 23 28 Mar. 24 "4% Sale 4% 2% 9 6 1H Sale 3% 6% 2% 38% 7% 8 Sale Sale 10 4% 2% 7% 4% 4 2 35 40% May 8% May 24 May 4% May 2% May 8% May 5% May 10 2 May 7 35 May 11 6% May 9 5% Sale 2 Sale 35% 5 May 8 May 14 May 2 12% May 47% May 4% May 8 May 61 May 21 36% 6 14 10 15 51 65 50 65 4 6 10 May 25 May 12 May 29 May 14 6% Sale 12% 13% Feb. 27 6% Apr. 20 May 14 8 Feb. 7 Feb. 27 19 70 May 14 35 Jan. 5% Jan. 3 10% Jan. 3 Jan. 8 3% May 14 2% Jan. 5 59% Mar. 17 15% Feb. Jan. 2 33 5% May 10 19 Apr. 3 51 22 6 Feb. Apr. Apr. Jan. 24 11 Feb. 5 24 Apr. 30 3 Jan. 2 Mar. 20 4 4 Mar. 19 10 6% Jan. 23 5 23% Feb. Jan. 11 29 Mar. 10% 3% 39% 12% Mar. Feb. Apr. Feb. 12 May 1^ Jan. 2 31% Jan. 6 Jan. 19 10 May 25 _ 8% Mar. 13 9 Jan. 25 14% Jan. 50 13 4% May 23 12 May 12 6 14 May May 1 Apr. 3 6% Feb. 6 8% Apr. 21 69% Feb. 5 49 Jan. 26 76 Feb. 6 3 39 8 9 11 2% May 38% May 5% Jan. 18 % Feb. 15 5% Mar. 13 X 35 8 May 16 5% May 10 May 23 3% May 14 2% May 4 7% May 10 35 21 A 300 4% May May 6X May 10% May 44% May 3 X May 6% May 59% May 35 40 X 108,600 34.500 Auto Voting Machine com. 1,000 4 X May 70 IX 50 * ...• com "2% *"3%, & Coast —..100 .........* Plywood Corp S3 preferred A Warrants 275 1.600 70 preferred • Atlantic Coast Fisheries 20 Atlantic Coast Line Co 20 1,200 45,700 RR 4% of Amer com—* Associated Rayon Corp com. 12** Jan. 1 18 May 12 6 11 12 27 21 7 5 20 19 29 13 % Feb. 20 3 Jan. 26 Jan. 17K Feb. 28 June, 1934.] new york curb exchange AGGREGATE SALES. PRICES IN MAY. NEW YORK CURB EXCHANGE In Since May. Jan. 1. Shares 1934. Shares RANGE SINCE JAN. 1. Price Jan. 2 INDUS. 8c MISCB'.. iCnnt.) Bid. May Ask. Bid. 1. Ask May 31. Bid. Ask Lowest. Highest. Lowest. Highest. Sale Prices. Sale Prices. Sale Prices. Sale Prices. Bowman Blltmore Hotels— 90 410 260 "l",306 7% 1 st preferred 100 100 2nd preferred 3X 300 1,300 5,200 4,100 6,000 50 450 200 16,600 600 2,300 28,500 1,925 143,250 200 Brill Claaa B .* IX IX 2X Sale IX IX 1 IX 6X 2% IX 6 Class A_.__ . 3 2X Sale IX 2 6% 26 X '22% "28" 25 British Amer Tobacco, Ltd— Amer dep rets ord bear. £1 Amer May 10 3% May 775 5,600 Bulova 3,700 100 200 900 20,700 ord reg 10s 6% pref 100 Distillery...! Brown Forman $3.50 Watch conv * 1,000 400 Camden Fire Ins Assoc.! ~8~, 800 43,200 11,200 600 400 ""loo 200 2,900 5,200 3% 3X 4 5% 16% Sale 15 X 3X 14 X Sale 16 X 1 24% IX 29 2X 3% 4% 19% IX 3 X Sale 5,500 Cable Radio Tube com * t c_* 2,350 Calamba Sugar Estates Co.20 100 18X 69,900 3X 13 X i!» & 10 X Sale 24% 3% May May 15% May 9 9 1 3X May 5 ■11X May 7 10 X May 31 15 28 10 X X 20 X 3X 3X 9% Sale 3X Sale We Sale 3X is May 21 3% May 3 8X May 14 X We We May 20% May 3 1 IX X 3% 11 % X May 16 20 X May 1 Sale Sale 13 X Sale 11% Sale" 10 X May 13X May 12% May 6X IX 15% 5X 0% 1X 17 X 8% 7 9% May 24 6 12 14 X 6 Sale 17 17% 7% Sale Sale • 10 IX 2X 16% Sale 7X Sale May 14 May 15 May 11 May 8 1 5X 6X Sale Sale 5% May 5 10,050 7% 1st partic pref 1W 2,050 1% prior preferred......100 9,425 Celluloid Corp com.......15 375 1,600 25 """ioo 600 2,200 2,600 26,400 24,900 50 ""660 6,200 370 730 100 ""ioo 1,000 500 1,600 "7,766 preferred * $7 dlv preferred...... * Centrifugal Pipe Corp.. * Charts Corp com ...* Cherry Burrell Co/p com * 100 23,900 Chicago Rivet & Machine 1,136,700 41,300 4,700 10 12% Cities Service * common Preferred Preferred B 700 "2",000 1,500 100 18,600 700 200 Merchandising v Cons Retail Stores Inc 33% May Sale X May 1 12% May 16 X May 17 X May Sale Sale 18 X May 13% 2X Sale Sale 2% 24% 19 X 2,200 12,150 25 4,700 75 4,400 Sale 3X 22 X 9 30 11% X X 4% Sale 8 12X 9X IX 26 26% May 13 11X 12 12 7,300 700 3,000 1,200 81,200 2% 4 18 15 5 15 Sale 8X Sale 2X Elec Mfg..* Crown Cork Internet cl A..* * v t c 10 ... 6,200 100 9,800 38,700 3,000 Hosiery * 2% May 6 Sale 3X Sale 18 "5 26 Sale 18 X 11X Sale 13 X Sale 12% 5X Sale 2X 3 9X Sale 5X Sale "OX Sale" 4 6% Sale 5X 13 18 19 6 7X Sale 6X 10 22 2 5% 2% 24 Sale 9 Sale 4% Sale 3 10 7 Sale 6 25,700 100 10 12 19 Sale 16 9,100 120 19 X, X Sale 20X 23X 3X Sale Sale 3% 23 X 19 Sale % .* Driver Harris Co common.. 10 May 21 May 16 18 I 3 26 8 10 May 16 May 23 6% May ' 3% May 7% May 18 53 22% May 90 May 50 28,900 300 91,800 Falrchitd Aviation 9X 10 Sale 84 88 90 Sale 12% "l2% "~X "~X 19X Sale 4 14% 17% 8 Sale 8X Sale 5X IX X I 5X Sale 5X Sale IX 4 4X 4X Sale 3 1% 8% 1% Sale 6 Sale 38 13% May 1 1 % May 1 7% May 14 14 77 """% Sale" 13X Sale IX Sale 3% 14 21 14 14 18 55 49 50 % 5% Sale 5% Sale 3% 4?* 49 May May May May May 4% 24% % 4% 4% 3% May 14 May 2 May 23 May 12 May 12 May 10 47 May 11 2% May 15 6,500 com 1 55,850 Falstatf Brewing ..1 150 Fanny Farmer Candy com..* 2,200 Fansteel Products Inc • 2,600 Fedders Mfg Co class A * 3,900 200 28,500 1,100 31,400 3,300 180,000 For footnotes see F.E.D. Corp Ferro Enamel Corp com Fiat Amer dep rets.... Fidelio Brewery page 55 ... • ♦ ... I 42% Feb. 1% Jan. 11% Jan. 2 2 4\ 201 Feb. 6 Feb. 1 Jan. 8 2 Feb. 5 5 9 Jan. 8 5 May 21 Jan. 2 Jan. Feb. Jan. Jan. Feb. % 3% 3% % 18% 24% 8 Jan. 5X Sale Sale Sale 1% Sale 5% Sale May 16 May 25 May ~ May May May May May May 14 8X Sale 7% Sale May 18 2 3 May 1 May 1 May 4 May 2 May May 17 24 % May 19 May 9 May 3 1% May 17 6% May 7 7 May 12 May 11 May 14 71 7 5X Sale 6X Sale 6 11 2% May 14 3 8% May 19 4 3 4 2 3X 7X OX 9 5% May May 16 3 7 8X 7X Sale 18X 19% IX Sale 4X OX 12% Sale 18X 20% IX Sale 4% 10% Sale 3% 8% 6% 11% !93| _20% Sale 6 15 12 14 12 4% 12% 18% 1% 19 Feb. 1 We Jan. % Apr. 2% Feb. 31 Apr. 6 May 6% Jan. 7 25 9 26 3 Mar. 3 Jan. 23 3 14 May May 4% May 1% Jan. 10% Jan. 17 21 14 6 15 10% Jan. 26 1 8 46 Apr. 26 Jan. 12 Jan. May 14 3% May 7 6% Jan. 3 7% Feb. 2 16 Jan. 88 May 16 8 Jan. 13 6 3C Mar. 26 12% Jan. May 14 May 15 May 9 May 14 May 1 6 8% Jan. 30 Feb. 1 4 26% Feb. 19 14% Apr. 11 1% Apr. 27 11 Jan. 25 Mar. 8% Feb. 4% Feb. 8% Mar. 10 Mar. 26 Apr. 90 May 5 Jan. 26 23 5 15 13 14 7 13 20% May 18 May 16 7% Apr. 26 % Jan. 31 4 4 May 24% Apr. 17 26% Jan. 11 11% Apr. 16 4 34% May s 5% Apr. 24 16 16 23 Jan. 9 95 15 1 1 Jan. 30 92% May 4 60 Jan. 27 X Jan. 56 31 29 Feb. 15 X Jan. 4 May 19% Mar. 14% May 14 3% Jan. 9 33% May 8 2% Jan. 9 Jan. 21 60 4 Apr. 26 Apr. 24 Feb. 19 6 1 Jan. 4 13 % May 2 Feb. 4 Jan. 4 10% May 25 4% May 14 8 ~ Feb. % Jan. 4 Jan. 8% 28% 1% 8% 1 Jan; 2 Apr. 24 Feb. 3 Feb. 7 3% Jan. 8 Jan. Jan. Feb. 52 Feb. 3 13 Mar. 17 20 2 36 2 19% Apr. 10 May 14 1% Jan. 25 4% May 14 5% Jan. 4 Mar. 31 65 May 11 4% Jan. 5 11% Jan. 5 2% May 14 Feb. 7 % Jan. 1% Apr. 4% May 7% Jan. 18% May 1% Jan. 17 30 15 2 14 2 Feb. 6 4% Feb. 18 7 4% May 11 May 18% May 1% May 7 Feb. 27 Feb. 14 32% May 25 We Jan. 18 We Mar. 24 1% Jan. 17 13% May 65 Sale Jan. 26 Feb. 2 Feb. 21 Feb. 6 9% May 5 71 1 May 28 12% Mar. 16 13% May 1 1 % May 1 10% May 25 20 May 9 May 14 % May 2 4% May 14 1 23% 11% 1% 6% 3% 14 54 18 IX 5X 5 ' % Feb. 21 17% Apr. 26 69% Mar. 20 20 IX Sale 17 Feb. 10 7% Jan. 300 Federal Bake Shops com....* 100 Federated Capital Corp * 100 Jan. it 7% Jan. 31 Apr. 20 10% Apr. 26 4 May 22 19% May 1 85 May 8 % May 1 3 9 20 56 % 5% 5% 3% 49% 25 44 92% May 6 Jan. 6% Apr. 24 May 4% Jan. 9% Feb. 10 Apr. 14% Jan. 10 Feb % Apr. 4% Feb. 27 6 80 Mar. 14 9 15 16 May 25 4 8 3 % 18 9 Feb. Feb. 34% 20% 19% 14% 74 7 4 Apr. 10 Jan. 2 Jan. 2 Apr. 20 Apr. 27 Apr. 12 Apr. 24 Feb. Feb. 19% 9% 23 Mar. 18 6 Feb. 23% X Jan. 25 19 12 4 Apr. 27 Feb. 15 Feb. 1 Feb. 19 Feb. 21 Jan. 10 May 3% X 3% 12% 19 15 % 28 104% Feb. 98% Feb. 20% May 18 22% May 7 14% May 14 8 May 7 33% May 8 4 May 14 _* 300 Falrey Aviation Co Ltd... 10s 550 Fa ardo Sugar....... 10S ""ioo """266 Class B common...... 117,900 Equity Corp common 10 92,400 Et-Cell-O Aircraft 6c Tool 3 Jan. 7% May 7 .. 250 May 83 8 22% Sale 15% Sale 8% 9 400 Elgin Nat Watch..... .15 Emerson's Bromo-Seltxer— 125 Class A new.. ......2.50 12,600 10,300 82 16 73 X £1 3,300 Durham Hosiery cl B com...* 45,100 Duval Texas Sulphur * 25 4% Mar. 7 16% Apr. 24 21% Mar. 17 3% Mar. 27 May 4 23 X 100 200 500 1,650 6 X May 11 .....* 17,400 Easy Washing Mach class B.* 6,800 Edison Bros Stores Inc.....* • 20,900 Eisler Klectr'c com 18,300 Elec Pow Associates I Class A 34,900 I 11,800 Electric Shareholdings com. 1 $6 Conv pref with warr 7,700 * 1,500 Electrographic Corp com__.i 100 1,800 1,400 1,700 14 ....100 Dow Chemical Co com.. Jan. 9 % 1% May Sale Co— ... 500 2,600 7% preferred Shoe 4 13% May 7 ....* 230 7% preferred 9.000 Dubiller Cond Corp com Dunlap Rubber Co Ltd— 500 Am dep rets ord reg 300 200 L) 13% 6% 1 % 13% 5% 3 1 5 7 24 20 14 14 10 8 13% May 2 500 Draper Corp 1,100 12,900 (W 4 May May Jan. Jan. May Apr. May Feb. Feb. May 4 May 31 May May 21 May 2 May 8 May 1X May 2 8% May 14 53 May 23 4 May 14 3% May 7 6% May 11 22 Dominion Steel & Coal B..25 Douglas 35 We 20% 13% 10% 5 X ...... 31 17 21 14 12 2 12% May 31 88 Detroit Aircraft Corp.. 300 Dominion Bridge Co 1,700 May 3 May 14 May 4% May 2% May 25.% May 10 26 10 100 Dictograph Products 100 6,200 com 29 18 21 10 Jan. 4 X May 11 IX May 31 £1 Delsel Wemmer Gilbert 3 7% Jan. 8% May 12 9 % May 6 5 75,400 Distillers Co Ltd .£1 350,100 Distillers Corp SeagramsLtd* 32,700 Doehler Die-Casting. • 300 8% May 12 Sale ....100 Am dep rets ord reg May 22 May 16 May 25 May 9 Sale De Haviland Aircraft Co— 100 % 23% 32% 12% IX 7X Sale IX IX 10% 12 25 .... 23 16% Jan. 1% May We May 3% Jan. 25 4% Preferred. .............100 Davenoort 3 May 1 25% May 29 2 % May 29 23% May 28 5 May 21 % May 2 4% May 1 6 Cramp (Wm) & Sons Ship & Engine Bldg Corp 100 com May 21 4 May 3 32 1 Sale X 100 Curtis Mfg Co (Mo)..... 2,300 X 3% 30 X ..£1 2,100 Cuneo Press com 200 6% % preferred 200 X 3% 14 1% May 14 18% May 14 5 May 21 % May 8 3% May 28 X May 22 27 100 Crane Co com.. 300 Cuban Tobacco ""266 Sale 2% May 14 20 400 Crowley Mliner & Co com...* 42,200 4% 16X Sale X 2X com Am dep rets for ord stk req 65,000 Crocket Wheeler 100 4X 15X 22 X 11 27 26% May 23 X 14 X IX Sale 11X Sale May 10 Sale 33 X 5X Sale common.* Courtaulds Ltd 3 8 4 Sale Sale Sale 15 5X We May 11 ... 100 May May May May 10 5% May 5 15% May 18 15 X t c.. 4,700 Cooper Bessemer Corp com..* $3 pref A with warrants..* 2,100 185,000 Cord Corp .......5 16,900 Corroon 6c Reynolds.... ...1 $6 Conv pref A.. 3,900 * 15,300 May 14 May 15 May 4 May 18 4% May 12 14% May 3 5 10 * 80 8% pref w w 1,800 Continental Secur 3,300 3,700 11 $3.50 preferred.... 13,200 ""ioo 95 27 4% 8% Consul Automatic 9,200 9X * Preferred BB 3% Jan. 5 Jan. 10% May 31 74 * 4,900 City Auto Stamping Co * 41,800 Claude Neon Lights com 1 • 14,100 Cleveland Tractor com 150 Clinch field Coal Corp com 100 2,200 Club Aluminum Utensil com * 4,700 Colt's Patent Fire Arms Mfg25 1,600 Columbia Pictures Corp com * 15,600 Compo Shoe Machinery.. 1 * 106,800 Consolidated Aircraft com New common 7,700 .....1 1,200 8X 93 May 26 May 14 7% May 14 89 Sale 5 600 Chicago Nipple Mfg class A.50 125,100 14,100 1,300 3,000 1,500 82 14 1st 7,470 Chllds Co preferred 500 Chicago Flexible Shaft ""206 1 9 OX May 18 Celanese Corp of Amer— 1,175 May 18 May 14 May 9 May 4 10 Catalln Corp of Amer— 13 31% Apr. 26 30% Feb. 19 May 18 * .* 100 Castle (A M) & Co 14",500 6X * 1,500 10,900 Carnation Co common 46,845 Carrier Corp common Feb. 25 28% Jan. 24 28% Jan. 17 * conv A stk Class B__ 9 16 6 2 6 15 19 X * non-voting Voting new w i 400 Carman 6c Co X .* B 13 Mar. Apr. Feb. Feb. Feb. 5 5 Can Indus Alcohol cl A. Apr. 1% 3% 3% 2% 7% 30X May 5 Inc— Co pref 1,500 Burco Inc common ...._* Warrants 1,500 10,000 Burma Corp, Amer dep rets 10 185,700 Butler Bros 4 Mar. 15 % Jan. 4 1 % Jan. 9 1 Apr. 2 5% Jan. ,15 22% Mar. 9 dep receipt- reg...£l dep rets Brown Co Mar. 19 May 15 1% May 2 IX May 7 OX May 2 25 May 16 3 British Celanese Ltd— Am 2 1 2% May 1% May IX May 6 May 8 25 May 16 30% May IX IX 5% * Brillo Mfg Co common 1 X * Corp claaa A Sale 1 13,500 Bridgeport Machine com....* 7 Feb. 6 8 Feb. 8 19% Jan. 2% Feb. 8% Feb. 18 5 23 8% Apr. 28 5% Jan. 12 89% Feb. 6 7% Apr. 20 16% Feb. 27 4% Feb. 1 10 Mar. 13 % 1% 8% 14% 20% 2% Jan. Apr. Mar. Apr. Apr. Jan. 17 30 6 14 3 26 NEW YORK Since Jan. 2 Jan. 1. May 1934. Bid. (Con.) Par INDUS, at MISC. Shares. Shares. Ask. 1,770 358,100 9,800 48,100 135,100 3,550 24,300 1,600 11,300 11,400 1,050 • Ford Motor of 113 Sale 69 Sale Sale 5% Sale 78% 9% 23 Sale 8 Sale * Class B Ford Motor Co, Ltd, 600 100 600 rcts..Ord reft 11 Amer dep 193,300 3,900 1,600 1,300 47,800 575 300 6,700 4,600 8,400 61,000 64,800 500 12,200 4,600 31,300 10,400 23,400 1,200 2,400 900 1,700 25 100 15", 000 1,600 100 1,100 8,700 150 900 "2~ 400 1,950 520 480 • 1,050 1,200 113,800 ~ Sale 2 5% Sale 10% 4% & 5% 1% 17 20 Sale %6 % 1 Sale Sale 2% Sale stock.. * com—25 Gen Tire & Rubber 6% preferred A 100 • 1,900 Gilbert (A C) Co com Preferred _.....* 400 • 189,200 Glen ft I den Coal Co.... 825 1 2% "l2% Sale" ..2 4,200 Globe Underwriters.... 1,500 Godchaux Sugars class A—* Class B * 18,000 1 126,900 Gold Seal Elec com Inc-— 11,600 4,700 1,200 8,000 4% 5% Sale Sale 121% Sale" 126 Sale 19 22 4% 6% 6% Sale • 16% May 2% May 5% May 9 1 1 300 1,300 % % % Sale 1% Sale 8% 9% 1% Sale % Sale 1% 1% z6% Sale 1 1% "106 First 100 8,875 270 ""500 2,400 150 ""50 1,000 3,300 1,900 5,400 25,400 825 3,100 900 200 200 3,400 100 1,200 "100 700 100 600 300 2,500 Horn Hardart com 1% 20 % % May % May $3 conv Irving Air Chute com Isotta 100 6% 4% May 14 3% % 1% z6% 1 % dep 20 rets 500 1,000 400 200 100 5,200 1,100 5,580 1% 23% 3 May 121 ■ ones & 100 LaughHn com Kolster Brandes 70 4,500 "l",300 120 19 19% 22 1% 400 200 5,900 2,700 250 6,200 200 725 2,600 1,900 3,600 ..* * 1 ... Class B... Lefcourt Realty com Preferred . . . * ...... May 25 25 1% 2 14 25 May 22 5 3%.May 16 6% May 4% May 1 47 48% 47 30 22 May 31 May 31 May 12 May 7 May 14 May 14 1 May 18 Sale Sale 1% 2% '2 10% 31% 1% 22% Sale 2% % 18" 22 27% Sale 3% 5% Sale 1% 1% 1% 2% May May May May May % % 16% 22 17 27 30 26 4% Sale 10 29 14 14 26 4% May 31 1% May 1 May 10 2 % May 8 May 14 17 27 % May 1 15 May 26 5% May 1 7 8 25 Sale 38 7% Sale T~ "0% % % % x % 5 6% 5 "6% "§"" % May % May 11 % 8 Sale 4 24% May 24 28 May"!! 5% 4% May 14 10% May 14 6 May 9 2% May 12 5 May 14 May 7 May 9 6% 7% 11 6 2% May 12 % 1 % 11 11% 50 11 Sale ""100 200 14 1% 8% 2% 9 2% 9% 8 6V$% pref with warr....100 _1« 51,700 Libby McNeil A Llbby * 500 Lit Brothers * 7,375 Loblaw Groceterias A.. 70 70 1 Sale 6 17% 3 10% 8% Sale 99 Sale 2% 10% 8 3 11% 8% 27% Sale 90 99% 5% May 10 May 2 S^le Sale 2% 10% 7% 25% 96% May May May May May 12 23 14 8 11 8 Apr. 5 10% Jan. 10% Jan. 24 5 H 2 % com. * 2% Sale 2% 32 5 Sale 3% Sale Sale ._* pref with com pur w • 100 Manning Bowman & Co cl B. * * 1,400 Mapes Cons Mfft Co * 5,600 Marlon Steam Shovel com 1 ix 4% 7% 8 3% 2% 2% 2% 2% May 24 2% May 11 5 Jan. 20 Feb. 15 2 Feb. 8 Feb. 3 Jan. % Feb. 6 Apr. 18 80 11% Apr. 11 14% Apr. 26 1 May Apr. 10% 3% 1% 8% 5% Apr. Feb. Jan. Jan. Jan. 14 Jan. 26 11 May 23 7 10% Feb. 31% Apr. 21 53 Jan. 99% Apr. 3 11 3 May 23 May 5 May 14 41% May 25 33 2% 9% 13% 8% 3% 3% 5 9 65 4% May 10 May 25 1% Feb. 7% Mar. 1 Feb. 48 1 3% May 26 35% May 26 41 1% Mar. 16 2 2% May 1 29 May 15 May 12 7 20 26 1 1% May May 70 2% May 7 16% May 14 5 16 14 6 26 23 13 23 5 1 8% May 21 May 15 99% May 11 6 % May 4 2% May 7 17% May 1 * 6 4% 55. 14 14 19 12 3 5 13 25 11% May 13% May Sale Sale 400 For footnotes see page 10% May 29 11% May 7 1 57 90 Common May May Mar. May Jan. % Jan. 1% Sale 375 11% 'xi 28% 1,000 % May 11 5% Jan. 24 24% May 24 % 13% Sale Sale 167,600 Louisiana Land A Expl 39,200 Lynch Corp com __ 8% Jan. 3% Jan. 3% 10 Apr. 3 30% Apr. 51% Apr. 22 May 2% Feb. 1% Jan. 34% Mar. 2% Jan. 1 % Feb. 22 Feb. 30% Apr. 15% Apr. 7% Feb. Jan. 10% Apr. 10 34% Mar. 23 1 % Jan. % Jan. 15% Jan. 4 U 19 6 12% Apr. 11 32% Apr. 26 % Feb. 5 Feb. 5% Apr. 14 Feb. 13 24 Jan. 19 20 Feb. 8 7% Feb. 9 10% May 31 Jan. 23 % Jan. 22% May 38% Jan. Jan. Jan. 2 30 28 1 7 9 May 29% Mar. 15 Feb. May 5 May 3% Jan. 25 19 23 7 Feb. 15 4 21% Apr. 102 Apr. 25 19% Mar. 11% May' 4 32% May 18 1% May 12 24% May 14 51 May 4 22 May 14 27 Feb. 3 % Jan. 2 May 14 16% Jan. 1 Apr. Apr. 3% May 1 Mar. 19 29 Jan. j May 1 Mar. 22 70 24 1% Apr. 2% Sale 20 Sale • B stock 4*' 12% Mar. 9 1% Mar. 15 Apr. 11 37 May Mar. 44 30 3% Mar. 22 Jan. 27 22 6% Jan. 2 Jan. 19 3 7 May 22 May 31 Sale Mangel Stores Corp— 300 % Feb. 5 % Mar. 14 Jan. 9 1% Mar .16 * 41.500 Lehigh Coal A Nav.... 23,200 Lerner Stores Corp com 200 39.100 Class A._ 8 68 * 18,600 Lakey Foundry & Mach New common. 1 1,400 580 Lane Bryant 7% pref 100 Langendorf United Bakeries* 800 19% May 24 % Jan. May 15 3% £1 325 6% preferred 100 2,000 Kress (S H) & Co spec pf..lO —I 32,050 Kreuger Brewing Co.. 1,900 22 3 Koppers Gas & Coke— ""500 6 3% May % Jan. % Feb. "I Sale 1 May 24 12 Jan. 20% May May 5 Feb. 5 150 Jan. 5% Jan. May 25 May 1 May1 4 May 9 May 2 2% May 14 31 6 19% Feb. 5 130 May 25 3% Jan. May May 9 Jan. ,7% Apr. 5 Ltd— American shares 18% Apr. 11 Jan. 2 27 Mar. 23 19 19% Mar. 27 1 1 May 24 May 5 4% Apr. 11 6 17% Apr. 2 122 1 10% Mar. 17 % Feb. 6 29 Feb. Jan. May May 7 22 1% 26% 50% Sale 19 * * $3 Convertible pref Feb. 13 lire Common 16 26 10% 31% 39% 15 14,800 Kingsbury Breweries com—1 * 2,100 Klein (D Emilt Co common 10 1,600 Kleinert (j b) Rubber 1 300 Knott Corp com * 100 Kobacker Stores common 1,900 3 7 May 15 lonas&Naumburg Corp— 900 m m 3 1% Jan. Fraschinl Co— Amer 4 '6 It Jan. 3% May 25 % May 1 2% May 2 11% May 31 1% May 1 May 10 x33 May May 1 Sale 4% 38% 1% X * 1 Mfg com v t c Iron Fireman Apr. Apr. 90% Jan. Sale 11% Sale * Mills 89 9 12% May 13% Jan. 12 4% May 16 25 23 1 50 Equities com preferred 99 22 1% Jan. May 2 May 22 May 25 May 1 17 12 5 4%,Apr. 24 25 Feb. 3 20% Feb. 21 7 J an. 15 3 Jan. 80 % May 18 % May 8 3 8 19 Sale 1 2 5% 6 4% Sale Safety Razot cl B." Interstate Hosiery 3% Jan. 2 64% Jan. 94% May 1 85% May 2 3, May 29 15 25 Imperial Chem Industries— Am dep rets ord reg £1 4,600 3,900 Imperial Tobacco Co of Can .5 15,700 Imp Tob of Gt Brit & Irel__£1 1 2,900 Industrial Finance v t c * 3,900 Industrial Rayon Corp 34,600 Insur Co of North Amer ..10 2,900 Internat Cigar Machinery.." 2,000 Internatl Holding & Invest.* • 6,200 Internat Product" com * 100 Int Proprietaries class A Interstate 2 Jan. 1 8 3% May 1 16% May 5 15% May 21 2% May 3% 7% preferred Internat 15 5 Jan. Feb. 13 8 May 9 Jan. 6 Jan. 14 100 Huyler's of Del com 1 7% preferred 100 7% preferred stamped.. 100 Hydro-F.lec Secur com * Hygrade Food Prod.. 5 Hygrade Sylvania Corp * 1,000 8,800 4,300 13,500 1,000 23,100 2% 2 * .... Jan. %«Jan. 6 2% Jan. 50 preferred. A 11% Jan. 15 8% Feb. 23 3 Feb. 9 22 Apr. 12 •si Feb. 9 10% Mar. 27 5% Jan. 8 %, Jan. 8 Feb. 70 300 Holophane Co Inc common.* Horn (A C) Co common * 100 4% May 14 10% 6% 13% 4% % 27 2,500 1,350 2 2 May 7 May 7 May 5 May 21 May 11 May 18% Mar. 16 3% Mar. 5 9% Feb. 1 12 Jan. ni 18% Feb. 100 Preferred 150 12% Jan. May 1 6% May 2 13% May 8 9 May 28 % May 2 29 700 Holly Sugar Corp common..* 25 3 17 x %. 800 Hires (Chas E) class A com..* "160 2% 7 14% May 14 6% May 2 13% May 8 8 May 14 % May 10 4 x 3% % 10% 6% 1 % 18% %8 6% 3% Sale Amer dep rets part pref_8s 400 9,500 Happiness Candy St cl A.. * 43,300 iH artman Tobacco common .10 • 18,100 Hazeltine Corp 8,900 Helena Rubinstein common.* * 8,800 Heyden Chemical Co. 1 May 10 1% May 14 15% May 10 % May 14 6 % May % Mar. 3 May 12 16% May 16 12% May 9 % 5 8% Mar. 23 2% Feb. 21 8% Feb. 21 Handley Page Ltd— 6,000 2,800 1,500 2,600 34% May 23 4% May 3 % Jan. 17 1% Jan. 11 1 Hall (c M) Lamp Co Jan. 6% 4% May 16 14 17% May 7 4 130 128% Sale" 122% May 131 May 15 142 134 137 22% 23% 22% May 14 24 5M 5 May 5 4% 6 18 Sale 13% May 1 7 Sale Sale 142 Sale 24 Sale 5% Sale 13% Sale % 20 7 8% Sale % %6 6% 6% 15% 124% x % 25c Common vtc Guardian Investors common 34% May 23 7% May May 2% May 3% Sale 16%- 17% 15 16% 15% 12% Apr. 24% Feb. 25 9% % 2 19 Jan. 4% Jan. i May 9 Apr. 14 % Jan. 31 1% Feb. 7 r 43 % 13 Mar. 15 1 7 15% Sale 6% Sale 16% Sale Stores Prod— Grocery 400 * 5% Class A common....._....* 3,200 $3 preferred with warr * 1,200 * 18,900 Gorham Mfft Co com vtc Agreement extended 2,100 11,610 Grand Rapids Varnish Corp * 6,450 Gray Tel Pay Station com—.* 3,030 Gt Atl A Pac Tea 1st pref.100 Non-voting common stock * 3,680 3,510 Great Northern Paper Co..25 6,300 Greenfield Tap & Die com..* 299,800 Greyhound Corp common..5 2,000 3% 81 May 17 May 12 24 1% May 23 75% May 14 85% May 2 3 May 29 2 Jan. 65 78% May 7 14 10 10% May % 1% 70 2% 94% Mar. 12 16% May 10 2 May 8 4% May 14 10% 6% 1% 18 % .......... General Rayon A 4% 10 20% 4% May 3 % May 9 1% May 14 2% 4% 2 28 5% Jan. 2 3% May 14 6% % Sale ' 10% Sale 6% 7% 11 6% % 17 Preferred. Warrants 18% Sale Sale 16% 2% 5% 14 12% com..—* General Alloys Co ...* Gen Aviation Corp com 1 General Elec Co of Great Brit American dep receipts...£1 Gen Fireprooflnft com....;* Gen Investment Co com 5 12 3 Feb. 117 9 9£ May 3% May 22 % May 1 May 100 7% preferred Garlock Packing Co Gorham 200 5 15 14 17 Apr. 110% Jan. 8% Jan. May May 22 114 Jan. 44* Feb. 7% May 3% May 14 % May 1 May 1% • 17 X Jan. 41 %6 1 7% 8% Sale ...* stock Franklin (H H) Mfft com 15,500 32,700 500 2,700 Sale 1% 1 Highest. Sale Prices. 3a 8% Sale Sale Co. New capital 7,400 15,700 2,300 1,200 2,400 —.._* % % ix % % Prod com...* preferred Conv Foundation Ask 3% % Ford of France Am dep rets. Foremost Dairy Lowest. Sale Prices. Ill May 113 11% May 13% 14 75 1 May 77% 78 8 % May 10% 11% May 20% 21% 20 27 May Sale Sale Sale 13% Highest. Sale Prices. 112 Sale 114 110% 9% 67% 4% 15% Canada cl A..» Ask, Bid. % x % Lowest. Sale Prices. May 31. 1. Bid. % * 10 First Nat Stores 7% 1st pf.100 Fisk Rubber Corp common.. 1 Preferred ......100 Flintkote Co class A * 100 Film Inspection Machine 100 Fire Assoc of Phlla 980 I. Price CURB EXCHANGE In RANGE SINCE JAN. prices in may. aggregate sales, May. EXCHANGE CURB YORK NEW 44 29 May 24 2% May 11 33 12 10 24 Jan. 4% Jan. 15 Feb. o 14% Mar. 22 14% Mar. 14 2% Jan. 2 29 May 15 Jan. 19 Jan. 8 % Mar. 16 30% Jan. 8 2 20 2 Jan. 4 2 24 Apr. 3 2% Jan. 1 2% Apr. 2 1% Apr. 30 Apr. 27 70 21 7% Apr. 13 7 2% May Apr. 18 16% Apr. 3% Apr. Feb. 41 10 18 7 7 May 14 May 25 Mar. 16 34% Mar. 27 5 41 % 3% Feb. 2 CURB YORK NEW EXCHANGE PRICES IN MAY. NEW YORK CURB EXCHANGE i Price Jan. 2 May 1. 1934. J • INDUS. Ac MISC. (Con.) Par are: Did. 31. Maryland Casualty Co com.l 1 18. Massey Harris Co common..* 454 Ask 154 Sale Bid. 2 554 May 31. Ask. Bid. Sale 154 6 454 Lowest. - 2 5 , Highest. Sale Prices. Ask Sale Prices. 154 May 10 May 10 5 254 May 10 554 May 8 Mathleson Alkali Works— 22, 86. 3. Part paid rets 1st payment. Mavis Bottling Co of Amcl A1 Mayflower Associates Inc • May Hosiery Mills— $4 preferred w w 45 54 Sale Sale Sale Sale 354 1954 4 Sale 32 54 28 54 4354 Sale 4454 McCord Radiator Ac Mftf» 16, 2, Mead Johnson Ac Co com....* McWilIiam8 Dredging Mead Corp common 154 com..* Mercantile Stores Co * 4454 1054 4754 12 1254 1454 354 5454 1154 Sale Sale 1454 100 Merch & Miners Transp Co.* 6, preferred Merrltt Chapman At Scott.. 63^% A pref 2, 13, 7, 3, 32 May 1 1 May 2 4554 May 1 354 May 31 1954 May 12 354 May 10 2054 May 17 254 IK 154 354 154 454 754 954 154 54# Sale 1 154 3 354 154 ...* Sugar com.......* Preferred 54 May 14 May 2 May 26 13 70 2 154 154 May 11 56 May 9 May 2 May 26 13 70 154 May 8 54 May 154 May 3 May 8 2 7 954 May 2 100 .... Mesabi Iron.. Michigan May 10 54 May 10 4354 May 9 ...—* 13, 9. 7% Sale 154 Sale 45 ..... 10 Midland Royalty Corp— 12 conv pref .....* 754 7 54 , 154 354 754 954 854 1754 1254 2054 1 %S May 1 May May 5 7 754 May 2 3 Midland Steel Product— 4, 1, 1, 1, $2 * dlv shares non-cum Mid vale Co * 21 25 1154 47 Sale 60 Minneap-Honeywell Reg pref Miss River Fuel Corp warr. 12. Mock Judson Voehrlnger...* 189, 10, Molybdenum Corp ▼ t c ..1 Montgomery Ward Ac Co A Moody's Investors Part pref.* Moore Corp Ltd.. * 5 854 Sale Sale 5 90 1854 754 11054 Sale Sale Sale 13 17 754 Sale 11054 Sale 1054 1854 9854 154 May May May May 15 May 654 May 100 May 2054 May 1154 May 48 10054 154 1854 854 11054 2054 3 May 2 May 17 May 24 May 1 May 2 May 1 May 2 ... 7% B preferred 7% A pref 100 100 Moore Drop Forging cl A 1, 3, 10 * 11 20 1254 15 Mtge Bank of Colom Am shs Murphy (G C) Co common. 11 May 14 254 May 10 5854 May 10 11 May 14 254 May 10 5954 May 9 National Baking Co com....* ►33, 10, Nat Bellas Hess ...I com Nat'l Bond & Share Corp.. National Candy Co com....* 29, 2, Nat Container Corp com—* 2, 23, 1, Sale 3354 32 Sale 3354 6 20 3754 Sale 18 22 37 3054 354 Nat Dairy Prod pref A 16, 18, 61, $2 pref.....—...... 100 conv National Investors I com.. 534% preferred 1 Warrants..... National Leather Co com...* Nat Rubber Macb Sale 4054 Sale com 354 Nat Screen Service Corp....* 548, 25* 3754 —. National Service Co 10 .....1 2, 154 54 54 154 5 54 11 Sale Sale 5454 1 Sale Sale 17 54 Sale 3154 3354 3254 33 9854 Sale 154 154 4854 54 % Sale 654 11 Sale Sale National Steel Car Ltd.....* 13 Nat Steel Corp warrants National Sugar Refg... * Nat Toll Bridge A com 13 * 754 Sale 13 Natonas Co New 60 w 36 Nelson (Herman) Corp $5 Neptune Meter class A.....'.* 28 New Engl Grain Prod Co...* New Haven Clock Co com...* New Mexico Ac 4 Arls Land 854 Sale I 4 N 3 N Y Merchandise Co com.. Co \uction Founders » 11 4 1 1 8 40 30 2 19 2 2 2 38 34 7 33 >98 2 com....* (Cosach) Ctfs for ord b 1 3 41 North Ac South Amer Corp A* Northwest Engineering * Novadel Agene com New w i pref * Overseas Securities Co May 454 10 Sale Sale 54 454 Sale 6 854 2% 254 1 Pan Amer Airways com 10 49 5 Y.% Sale 2 37 6 754 Parker Rust-Proof Sale Sale 1 054 1 154 354" 4 Sale 254 3954 454 2454 Sale Sale 5 Sale • 5654 Sale 6254 24 23 6 com 1 30 254 Sale "3" Sale 17 May 454 May 10 254 Sale 2454 7 23 Sale 19 1 10 20 154 2454 Sale 2654 com.. Sale 2154 4 Pitney Bowes Postage Meter* 50 5 * com 25 Pratt Ac Lambert Prentice Hall Inc common. Partic conv stock.. .* McCallum Sale 254 4 454 Sale $6 preferred 1 Pyrene Mfg.... 1 Quaker Oats 25 8 11 12 Sale 954 54 354 Sale 54 Sale 254 3654 454 2354 Sale 3854 554 Sale 254 34 Sale !54 [54 • com $7 part preferred com... Sale 7 * _....* 54 May 17 154 May 31 May 22 May 10 May 23 May 10 May 2 1954 May 14 2154 May May 9 May 1 May 354 May 254 May 22 14 14 25 7 1454 May 1 1054 May 7 1 May 14 354 May 7 3 May 24 254 May May 454 May 23 May 754 May 55 May 3054 May 254 May 19 35 14 18 12 7 12 9 14 May 17 4 254 May 41 May 554 May 2454 May 754 May 65 May 3054 May 354 May 84 May 2 May 12 101 May 12 754 May 3 654 May 10 25 154 23 954 Sale 2554 1054 4 Sale 354 4 ""154 May" 16 25 May 24 954 May 14 70 May 5 254 May 12 354 May 25 May 11 "154 May" ! 25 5654 70 3954 Sale 154 154 75 51 70 254 May 12 454 May 2 May 11 34 71 Sale 75 14 Sale 28"" "36"' 26 30 29 "1754 ~21*~ May 24 May 7 154 May 23 13 May 17 28 May 7 28 30 29 Sale 154 Sale 32 4854 154 Sale 2 May 24 May 2 May 5 11 34 43 Sale Sale 55 63 • 120 100 113 1 Sale 754 Sale 80 54 654 85 85 125 11154 113 110 Sale 122 154 654 29 'May 7 54 May 22 554 May 14 154 May 754 May 2 1 254 May 19 May 7 May 1 5254 May 2 154 May 1 14 May 29 2954 May 26 154 May 10 154 554 12354 Public Util Securities— 6% preferred... 37 May 25 12 23 Hovlery .. Prudential Investors 2 '2054 * Pitts Ac Lake Erie KK . 54 May 1 154 May 28 3554 May 3 76 1 common. Conv preferred A com II 101 2?> ... Class A.. 85 * 10 Railroad Shares Corp com..* Rys Ac Util Invest cl A com._l Rainbow Luminous Prod A.* 7 8 954 May 7 100 Philip Morris Inc.. Glass B 30 May 2 May 17 354 May 14 * com pref Pie Bakeries lnc 354 28 Pennsylvania Salt Mfg....50 Pepperell Mfg Co I0i» Phoenix Securities 54 Sale 154 Sale 3554 Sale Sale * A™ Sale A* 10 common Pender (D> Grocery cl A Pennroad Corp com vtc._ age 55. 2 2 7 Sale 854 Paramount Motors Corp....* Parke Davis At Co • Powdrell Ac Alexander 1, Sale * Potrero Sugar com 10 354 '1054 "1354 ""954 "12" 30H 3i* Pacific Eastern Corp..! 33 37 2 16 .5 conv Co 2 29 Outboard Motors cl B com..* Mill 3 17 1454 10 54 Pittsburgh Plate Glass 36 154 29 2054 Propper May 31 154 May 15 .* Pittsburgh Forgings Co 4 7 154, May 11 28 57 85 2 25 18 Ohio Brass class B 7% 2254 May 154 May 5 May 2 May 22 May " May May May 92 354 Sale 32 Oil stocks Ltd common.. Milk 6 1054 154 8854 554 454 17 12 Pitts Bessemer Ac L E RR..50 6 3 * .. 7% preferred..! 100 Piedmont & Northern Ry.100 Pierce Governor Co com • 40 2 454 254 25 154 _ Pet 41 6 54 May 1 8654 May 7 8 854 May 1 May 22 8854 May 7 5 54 May 2 454 May 3 2954 shs Noma Elec Corp com • Northam Warren Corp oref.* North Amer Match Corp....* Class A 1 "354" ~"6"" 354 2454 1 May 16 354 May 21 1554 May 22 454 May 1 35 May 28 100 Perfect Circle 101 454 54 May 1 154 May 2 1454 May 21 2 May 25 3254 May 21 pf. .100 preferred Nilet-Bement-Pond Parker Pen Co 30 Sale 154 23 3854 May 36 May 9954 May 154 May 54 May 54 May 154 May 7 May 22 1054 Nitrate Corp of Chile 180 154 954 Sale 354 May 21 May 4 32 14 21 15 2 28 10 8 1 May May Niagara Share Corp class B 5 A % Sale '"554 32 May 3454 May 98 May 154 May 5354 May 54 May 154 May 554 May if* iiH shares.........1 N Y Water Service 6 % 36 Sale 154 • common N Y Shipbuilding Co 15 54 254 2554 New Process Co common.._.* Y 254 35 ..... 154 354 Nestle Le Mur Co class A...* 1 2 3354 954 154 Nehl Corp com ......__.* Nelsner Bros pref.. ...10ft 1 2 35 ..* 1 2 1 32 8 Sale* National Union Radio com..l 41 35 254 May 7 May 17 29 17 54 Sale 454 Sale 3154 Conv partlc preferred....* 1, 20 54 42 354 29 • 54 & 125 54 54# 8 54 54 54 May 24 11054 May 11354 108 54# Sale 54 54# 54# 54 54 54 May 31 May 14 May 6 May 8 %s 54 54 54 May May May May 3 8 2 6 8 NEW 46 YORK YORK CURB EXCHANGE NE In Since Shares. 1934. 500 1,800 1,500 200 5,700 20,800 * 10 o 100 Rolls Royce Am dep rets 13,600 Roosevelt Field Inc. 20,300 RoBSiu Internet Corp 5,600 Royal Typewriter com.. 200 200 520 5,700 900 2,600 300 200 3,100 800 900 - 2,900 Selby Shoe Co 900 3,200 200 3,900 400 11,775 250 37,200 Smith (A O) Preferred 30 "'"266 200 900 150 150 1,800 1,700 4,300 300 400 31,400 23,600 47,400 4,775 6,600 1,000 285,600 85,700 9% Sale 7% 14 1% Sale 17 17% 47% Sale 6% 13% 1% Stlnnes 3% 69 May 16 76% May 1 3 10 18 14 16 3% May 42 May 35% May % May 1 1 4 3 May 36 May 30% May % May 31% Sale % % % May 12 2% May 9 43% May 11 % May 14 2% May 24 % Sale 1% 2% 41% 48 % % 2% 3 • '1% 2% May 22 May 1% May 54% May 54 May % May 1% 7% 16 Sale % % % . 6% 13% 1 % 18% 5 12 1 % 17% 21 23 66 Sale Sale 66 4% 6 12 3% 7% Sale 26 - 8 1 Sale 1% % % % % % 86 80 4% 1% 3% 5 % Sale % 2% 1% Sale 5% 2% 1% Sale 8% 12 4% 12 24 3% 7% 23% Sale 3 % % % % 77% 4% 1% % % 83% 5% 1% 'A /is 2 Sale 9 11 98 90 100 * com % % ..* * 1% 4% 4% Stutz Motor Car Co. Sun Investing Co com • 2 5. 4% _ * "2% "4" 37 14% Sale 27% Sale 35 pref .25 Swift & Co 15 Swift International. 200 Am 400 Am dep rets 1% Sale 1% 2% 5 8 Sale 5 Sale 4% 41 47% 16% Sale 29% Sale 12% 4% 2 1% 9% % Sale 2 Sale 2% 4% def reg Pict 27 May 3 50 Jan. 4 Apr. Jan. Jan. Jan. Jan. 4 2% 21% 17% %b 11 Jan. 29 Apr. 2% Apr. 5% Feb. 51 Apr. 40% Apr. % Feb. 27' Feb. 2 3 %8Jan. 17 2% May 9 36 Jan. 6 % May 14 2% Jan. 4 1% Jan. % Teb. 4% Feb. 48 1 Jan. 10 3 17 6 20 May 8 Feb. Mar. 6 5 1 176 Feb. % May May 5 4% May 25 1 % May 12 25 May 7 21 May 12 % May 23 2 May 14 37 % May 22 8% May 2 96 May 12 1% May 2 4% Sale 4 May 23 May 7 May 23 May 21 10% May 14 3% 40% 4% 47% 15 Sale 30% Sale May 10 41 May 7 15 May 14 28% May 14 4 51 Sale 42% 1% 19% Sale 2% 3 26% Sale 2% Sale 48 1: % Mar. 21 % Jan. 17 Jan. 4 2 3 9 60 7 10 23 1 25 Apr. 10 14% Jan. % Jan. 1% Jan. 15 22 15 31 31 32 Jan. 26 7 Jan. 18 84% Jan. % Jan. 17 9% May 3 May 23 5 May 23 5 May 1 12% May 1 4% May 4 41 May 7 17% May 4 32% May 4 9 Jan. 3 21 2% May 4 1% May 18 2 May 5 % May 8 7% May 14 11 % May May 21 7 1% May 11 35 47 % May 47 % May 1 % May 24 May 22 7 1 4% May 25 4 % Jan. 1% Apr. 5 Feb. Jan. 6 30 7% Jan. 30 4% Mar. l2 1% Jan. 26 9 2 3 1§ 4% Feb. 6 9 Apr. 11 Feb. 17 12 12 109%Jan. May 4% May 1 % May 25% May 23 May % May 2% May 37% May 9 May 98 May 2 May 84 25 43 % May 2 80 6 6 21 10 Jan. Apr. 10 May 12 22 19 Jan. Jan. 156 6 26 11 1 10% Feb. 6 13 % May 23 2% Peb. 6 23 Mar. 7 70% May 17 107% Feb. 15 20 May 8 4 47% Jan. 100 21 19 2% Mar. 31 24% Apr. 16 3 Feb. 3 61% Apr. 16 62% Feb. 7 % Mar. 20 3 May 10 Jan. 13 1% Jan. Apr. Jan. 5 20 Feb. 26 1% May 11 40% Jan. 4 40 Jan. 3 % Jan. 23 5 11 Jan. 83 2 2% May 15 % May 24 3% May 1% May 3 2 3 May 23 Jan. 5 % Feb. 20 % Feb. .16 86% Apr. 30 6% Mar. 8 2% Mar. 31 27% Feb. 6 25 Mar. 3 1% Feb. 2 3% Feb. 5 37% May 22 10% Feb. 9 98% Apr. 5 2 May 31 10% Jan. 3 8 30 May 23 Mar. 12 8% Jan. 15 Jan. Jan. 18 6 10% Feb. 5 17% Apr. 20 5 5% Feb. 3 41% Apr. 13% Jan. 23% Jan. 8 12 19 Feb. 17 32% Apr. 21 Jan. 13 Jan. 6 Mar. 27 Apr. 25 24 Jan. 18 45Feb. 7 % Jan. 24 2% Apr. 28 12 25 25 44% Apr. 23 49 Apr. 18 1% Apr. 28 4 4 35 1% % 7% % Jan. 7% Feb. 23 5s 1% Apr. 11% Jan. % Apr. 28 2% Sale 2% May 2% May 25 9 3 28 3 May 28 May 5 19 19 27 Jan. Feb. 4 13 1 % May 1 May 29 2 Jan. 19 7% Feb. 27 May 28 4% Jan. 27 23 28 Screen .1 500 Triplet Safety Glass Ltd— Am rets for ord. shs. reg£l I,900 * 300 Trunz Pork Stores Inc 11% Tubize Chatillon 2% Sale 1% Sale 1% Sale 1% 1% 1 % May 29 1 May 29 20% May 13% 15 11% 6% 15% 4% Sale 22 3 21 1 1 May 14 15 Sale 12% 2% May 1 % May 29 3% Jan. 22 2% Feb. 5 26 26 21 14 15 17% May 24 3 Jan. 8 15% Jan. 19 May 14 30 19% Jan. 11% Jan. 20% Apr. 6 Jan. 24 Corp— Common 1 71,800 Class A 1 5,200 35,900 Tung Sol Lamp Wks com...* S3 conv pref _* 9,200 100 Unexcelled Mfg Co Union Amer 34% Apr. 21 10 Apr. 16 Co Ltd 38,500 30,900 Tri-Contlnental Corp Warr.. 8,100 2% May 15 % May 24 5 1% 1% 1% Sale 10% Sale %> 1 47% 1% 7,200 2,700 3,400 20,000 Feb. 8 May 12 2 3 5 2% Sale Sale 1 38% 46% % Sale 2% 1% 100 22 14 Jan. 4 22 33 2% % Sale 9% Sale 2 * Common 500 25 dep rets ord reg shs._£l Trans-Lux 1,400 8,100 1 17 25 May 16 162% May 29 9 5,900 Todd Shipyards Corp. 31,800 Transcontinental AlrTranspl 800 4 Jan. 5 6 3% 2% Sale 1% 2 * 29 9 109% Jan. * ..1 • Tobacco Secur Trust 10,900 1,100 3,700 2% May 22% May 2 May 60% May 58% May % May 5 6% May May 10 12% May 25 13% May 23 3 1% May 1% May 11 8 18 % May 18 21% May 62 May 14 70 % May 17 4 103% May 17 106% May 12 20 May 8 MayJ 8 156 26% Sale 100 Tenn Products Corp com.. Thermoid Co 7% pref 100 * 800 Tobacco A Allied Stocks 18,100 Tobacco Prod Exports. 2,500 14 4 2 May 9 May May 10 1 May 2 May 5 2,400 100 1 15 /II 15 % 2% 44% % 3% 100 (Hugo) Corp (S) A Co Inc conv 8% May 16 Sale Sale 159 3% Sullivan Machinery Co $3 % May 16 11% Jan. 17 23 Apr. % Jan. % Feb. 5 • II,000 Taggart Corp com 185,400 Tastyeast Inc class A 85,500 Technicolor Inc common.. ""250 1,300 2,300 % 1 May Sale Sale 34% Sale % *a ~~~% ..* 614% pref 300 Stroock 100 36,300 16,700 42 2% Sale 38% Jan. 5 Feb. 2 3% Apr. 24 1% Apr. 21 12% Feb. 23 1 Mar. 5 15 Mar. 31 23 Apr. 13 2% Feb. 7 % Feb. 6 2 8% 5% 75 Sale 2% Sale 22% Sale 1% 2 Sale 3% 36 May 24 Feb. 3 Jan. Jan. Jan. Jan. Feb. 1 Feb. 3 May 16 Jan. 2 28 7 500 Stetson (John B) Co com—* 200 1,000 3% % Sale 2% 3 % 35 11% 2% 2% % 1 % % Prices 4% 16% 4% 3% 16 A Corona 21,000 Stein Cosmetics Co 1,300 1 % May 1 % May 16 13% May 12 1% Jan. Highest Sale 22 35 * Stein (A) A Co com 310 % May 16 13 275 Steel Co of Can Ltd ord.....* 1,100 20 675 28 % Sale %e Sale 2% 2% 44 49% % Sale 3% 4 % Spanish A General Corp Ltd Am dep rets ord bear £1 4,500 Am dep rets ord reg shs..£l 2,400 5,150 Spiegel,MayA Stern pref..100 * 2,500 Stahl-Meyer Inc com ..* 9,200 Standard Brewing Co 475 Standard Cap A Seal com 5 2,650 Standard InveNt $5% pref..* 1 19,300 Starrett Corp com 6% preferred 10 13,200 150 4,300 Sale 2111 Sale 17% 21 za % 2% 100 Typewriter v t c... 91,500 Sonotone Corp 1,300 Southern Corp rom... 100 9,200 12% 1% % 13 1% ..* Corp com Smith (L C) 300 Sale 1 * 900 600 3% 2% 1% Sale %6 % 7 Singer Mfg Ltd ....£1 Am dep rets ord reg shs— 38,050 3% May 24 13% May 1 4% May 16 3 May 1 1 % May 2 2% May 8 1 % May 1 May May May May May May May 15% 25 76% Sale • 1 Conv preferred 600 Sisto Financial Corp 5,500 3% 2% 2% 2% 1% Sale • 2,360 Singer Mfg Co 500 15 24 7 11 2 4 24 1% May 12 %6 May 2 May 19 Sale 4 25 Sherwin Williams of Can—* Simmons Boardman Pub Co— • Loir est. Sale Prices. 2% 11% 3% 2% 1 % 2% % 11% 11% Sale 28 32 100 Seton Leather com 100 3,350 9* 8% 23% 400 Sheaffer (W A) Pen com.. - * 26,700 Shenandoah Corp common. 1 $3 Conv pref 25 9,400 87,300 Sherwin-Williams Co com..25 6% preferred AA .100 I,460 25 160 Sale * com 62,900 Selected Industries $5.50 prior stock 7,000 Allotment certificates 17,800 6,800 Sentry Safety Control Sale 4% 13% 15 * 1 21,600 Seaboard Util Shs com 3,000 Securltiep Coip Gen'l com.. • * 3,800 Seeman Bros common 23,240 Segal Lock A Hardware com • 7,300 Selberllng Rubber com Selfrldge Pro? Stores, Ltd— American dep rets £1 4,300 200 9,900 1,600 2,550 Safety Car Heating A I.tt» Highest. Sate Prices. £1 200 St Lawrence Corp common..* 322,600 St Regis Paper Co.... 10 4,520 7% preferred 100 * 60,600 Schlff Co com * 15,400 Schulte Real Estate com 2,110 Scoville Mfg Co...........25 26,656 Ask. Sale 10 _.5 Russeks Fifth Ave Inc 9,250 ' va _* 3,500 575 13% 3% 3 Sale 10* 100 900 Ruberold Co "l",806 3% Sale 1% 1 .. 1,000 Lowest. Sale Prices. May 31. 10 14% & *„• 300 Richmond Radiator com..._* * 200 Rlke-Kumler Co com " 1... Ask. Bid. % May 16 12% . ""260 May Bid. Ask 50c 6,610 Ravthenn Mfg v t c 4,900 Reeve* (Daniel) com 3,700 Reliable Stores com 6,700 Reliance Internat com \ 1,900 Reliance Management 19,400 Reybarn Co.. Inc. 82,000 Reynolds Invest com 3,000 Rice Stix Dry Goods Co 3,310 Bid. INDUS. A MISC. (Con.) Par > I. Price Jan. 2 Jan. 1. Shares. RANGE SINCE JAN. prices in may. aqgreqate sales May. EXCHANGE CURB 11% Sale 30 9 3% 3 22% 6% Sale Sale 26 23 Sale 22 Sale 4% 19% 17 Union Tobacco Co common.* 20% % 25 Sale 5 United Aircraft Corp w 1 May 17% May 4 May 23 May 14 24 24 24 2% May 21 10 Invest com 6 20% May 8 % May 9 14% May 25 9 % May 24 May 6% May May 26 3 3 1 1 2% May 21 May 1 % May 2 15% May 28 22 6 2% 19% % 14% May May 21 Jan. 15 Jan. 5 May 25 30% Jan. 30 7% Mar. 3 Apr. 17 2% May 21 Feb. 5 % Jan. 5 15% May 28 25 United Aircraft A Transp— 22,100 6,500 1,300 14,600 1,100 6,500 300 2,100 Warrants .5 tc w i United Air Line v United Carbon pref 100 8 6 May 3 May 28 9% May 25 8% May 29 112% May 3 112% May 10 11 May 1 11% May 9 12 Sale 11% Sale 11% 7% 23% 1% 9 27 Sale 6 7 20 United Carr Fastener com..* 22 30 r May 28 15% Jan. 31 9% May 25 8% May 29 Feb. 20 112% May 10 May 1 5% Jan. 12 12 6 94 United Chemicals Inc— 600 II,100 4,700 46,500 700 7,900 $3 cum partlc pref........* United Dry Docks com * __* 100 United Elastic Corp 100 36,500 Common... 385,800 United Founders com.. 125 United Milk Products 1 1 1% % % Sale Sale "% Sale 6 May 29 May 12 % May 10 14 May 29 % May 23 22 7 May 2 23% May 3 1% May 1 14 May 29 1 May 1 com. 33 preferred 125 15 Jan 22 Jan. 12 % May 10 14 May 29 nat Jan. 2 3 Apr. 7 3 15 20 * Jan. 1 11 Feb. 26% Feb. 2% Feb. 14 May 29 1% Feb. 3 9 8 5 Apr. 5 7 25 Feb. 20 6% 4% 9% 68% Apr. 11 Feb. 5 Jan. 31 Apr. 18 Apr. 17 Feb. 2 Apr. 28 May 14 Feb. 2 United Molasses Co Ltd— 19,800 1,200 300 2,275 420 2,900 6,300 200 Am dep rets for ord reg..£l 490,000 58,600 Unit Profit Sharing com.. Preferred 10 1,326 25 16,925 United Shoo Mach com Preferred.. • 1,420 10,500 United Stores Corp com vtc * • 24,000 United Wall Paper 300 U S Daily Products class A..* 400 10,700 5,000 U 600 150 35",600 2,100 2,400 Class B S .._...* 33 % 1% Sale 1% Sale % 2 Preferred For footnotes see page 55. 6 Sale 1% Sale 6% Sale 67% Sale % Sale 3% Sale 2% 14% 1 % 2% Finishing common "3% "3% 4% Sale 1% 2 7 Sale 65 Sale % 3% 2% % 2% 3% 15 3% 4% May 1 % May 6% May 64 May 32% May % May 3 May 2% May % May 3 May 28 - 6 2 7 16 8 21 22 14 19 10 67% 33% % 4% 2% % 3% May 1 May 16 May 31 May 1 May 8 May 1 May 2 May 14 May 8 May 3 3% Jan. 1% Jan. 6 Apr. 57% Jan. 32% Jan. % Jan. 2 5% 6% 1% Sale 55% Sale ^ 13% A* 50 Sale 51 12% Sale 1% 1% 48% 50 11% May 12 1% May 24 48% May 23 13% May 1% May 12 50 May Feb. 2% Apr. % May 2% Jan. 9 100 ♦ 183,400 U S Foil class B 25,500 USA Internat Sec com....* 1st preferred with warr 17,300 3% % Apr. 5% Jan. 1% Jan. 48% May 23 36 1% 4% 2% 1% 5 Feb. 5 9Apr.* 13 14% Apr.124 Feb. 5 60% Feb. 5 2 JUNE, 1934] CURB YORK NEW AGGREGATE SALES. PRICES IN MAY. NEW YORK CURB EXCHANGE In Since May. Shares. 600 125 May 1934. Ask. Bid 3,400 Universal 1 27 25 A May 31. Bid Ask. 1 23' 25 10 6 Lowest. 22 Lowest. Highest Sales Prices. Sale Sale Prices. % May 26 May 14 25 % May May 7 7 10 VA 10 Sale 1% I* 10s Pictures. May 9 1% May 31 May 4 4 May 10 10% 1% 11% 4% May 18 May 1 May 12 May 8 2% May 8 46 May 10 1 % May 7 3% May 14 2% 48 % 1% 4% May 2 May 17 May 1 May 1 Sale 2% "l~ 33,900 Utility Equities com 3,275 Priority Stock.. 13,400 Utility & Ind Corp com Preferred 15,500 600 1,800 2,000 100 7,400 ""ioo 200 200 1% * 3 2% Sale 2X IX 48 * -* ... 3,700 Voat Mfg Corp 101,600 Waco Aircraft Co 1,000 Wahl Co (The) common 1,600 Waltt Ac Bond Inc class Class B 3,200 7,400 Walgreen Co warrants • * '""% ~T VA 2 2X 3% 11A Sale IX 4% 7A 16% A._* 7 A * IX 3X Sale Sale "1% Sale 3% Sale 4 8X 6% 8% 7% May 2 Sale 16% 17% 14% May 14 8 VA Sale 6% 1% 7% 1% 7% May 2 17% May 25 7% May 7 1 % May 14 2% May 15 7% May 1% May 3% May 7 2 1 Sale Prices. 9 5 Jan. 17 Jan. Jan. 26 19 5% Jan. 9 Jan. 29 1% Apr. 1% Jan. 4 4 9 1 3 400 Utah Radio Products...... 'l",366 Highest. Prices. X Jan. 16% Jan. " U S Rubber Reclaiming... 900 Universal Insurance.. .....8 300 Ask X 16% Sale 1% 2 3,700 250 1. Bid U S Lines Inc preL U S Playing Card com 10 900 U S Radiator common * 550 7% preferred ....100 700 1. 'Jan. 2 INDUS. & MISC. (Con.) Pai 5,600 7,000 650 RANGE SINCE JAN. Price Jan. 1. Shares. 47 EXCHANGE 36 4 % Jan. 1% Jan. 8 4 Jan. Jan. Jan. Jan. 25 25 1 Feb. Feb. 1 7 9 4 19 6 2% 7% 1% 4% Feb.5 21 Feb. 15 May 7 Jan. 29 Feb. 5 57% 17% % 1% 9 18 Jan. 2 4 2% Feb. 5% Feb. 16 Jan. 2 10% May 18 1% Apr. 21 11% May 12 5% Apr. 10 2% Jan. 18 53 Jan. 3% 10% 1% 4% 1% Mar. 13 27% Apr. 9 3 Feb. 16 2 Jan. Jan. 10 5 Feb. 2 Feb. Apr. Walker (Hiram: Gooderham 34,100 1,600 500 2,900 900 8c Worts common 232,400 Preferred -* 18,800 4,300 Watson (Jno Warren) Co.. 12,600 Wayne Pump Co com * Convertible preferred 6,500 * 54 X Sale Sale V. % Sale 17 X 39% Sale 16% 16% X Sale 1% Sale 35 Sale 15% 15% % v % Sale' .... 100 2,900 Western Air Express Corp.. 10 5,600 Western Auto Supply com A * 875 Western Cartridge 6% pf.100 200 375 14 8 8 Sale 30% 15% lit % 2% May 7 May 14 May 10 May May 8 39% 16% % 1% 3% 45 73 Sale 45 May 31 41 May 15 81% May 3 8 May May May May May 30% 15% % % May 7 May 14 Jan. 10 2 Jan. Jan. 16 6 Apr. 23 8 May 31 20 Jan. 27 18 Jan. 3 88 May 31 May 1 May 29 63% Jan. 4 73 May 10 50 14 May 19 48% Apr. 12 88 May 29 Western Dairy Products— 25 $6 pref series A 11% Apr. 20 11% Apr. 20 Western Maryland Ry— 10 850 200 1,300 7% 100 1st preferred May 10 18 Jan. 79% Apr. 23 Western Tablet & Stationery Common ..* v t c 7% 10% 13% 14% 13% 14% 13% May 8 9 24 14% Apr. 10 9% Jan 92 18 Westvaco Chlorine Prod— 500 1,100 7% preferred 100 24,400 W Va Coal & Coke com * 12,100 Williams (RO&Co 1 7,300 Wil-Low Cafeterias com Convertible preferred....* 1,000 2,100 500 700 400 200 900 Wilson Jones Co com .. 11A Sale 6 9 91% Sale 4% Sale 15% 16% 1% 1% 9% 10% 90 3% 15 iS* 8 16 ... 3% Sale 1 Sale May 3% May 15 May 1 May 9% May 16 May 10 24 16 29 7 31 24% May 7 91% 4% 15% 1 % May 1 May 1 May 11 May 15 10 May 3 16% May 10 85 Apr. % 11% % 6% 15 Jan 2 Jan 23 Jan. 8 Feb. 11 Jan. 27 10% Apr. 10 17% Apr. 27 25% May 15 22% Jan. 18 6% Mar. 5 25% May 15 7 Mar. 7 Apr. 24 5% Apr. 30 20 Mar. 14 2 Feb. 17 Wool worth (F W) Ltd— 2,600 11,000 Am dep rets ord shares..5s 400 210 Am dep rets 6% pref 380 580 Sb * preferred 5,800 74,700 100 5,100 T,706 17,700 1,800 1,300 150 1,100 14,200 900 24% 25% 50 Sale 55 Sale 41% Sale Conv class A 33% Sale 1 Amer Ac Foreign Power warr 2X 5% American Gas At Elec com...* 25 com 6% preferred Sts Sale 33% 2% Sale Sale 30% 2% Sale Sale American 20 A 5% Sale 5 6y, 25 Sale 23 % 5% Sale Sale 11X Sale 15% Sale 14 Sale ...25 Pub Serv com Superpower * 3 Sale 66 Preferred 23 ..* 2% Sale 69 24 Arkansas P & L $7 pref * Assoc Gas & Elec com ......1 1 ............ $5 preferred X Sale 2 ........ 100 % Sale Sale % 2% Sale Sale Sale Sale lit Sale l32 "A Sale At Sale X Warrants >« 100 Assoc Telep Co SI.50 pref Associated 27,700 3,100 15,500 3,400 400 May 1 May 18 28 May May May May May 80 May 14 May 21% May 33% May 1 2% May 1 May 22 5% May 19 26% May 1 87% May 18 16,% May 3 21% May 7 2% 109% 4% 21 % 112 2% May 14 62% May 17 18 May 26 33% May 14 % May " % May 14 2% May *32 May 3 May 1 67% May 29 24% May 4 38 May 28 1 May 2 1 May 2 3 May 7 At May 1 % May 7 At May 1 Certificates of deposit... Brazilian Tr Lt Ac Pr ord ..* 116 11X 11X 11 Sale 16% Sale 9% 375 British Col Power class A... * Class B * 300 "300 55 48 At 1,450 50 May 12 May 14 1 • Telep Utilities._s Bell Telep Co of Canada..100 50 Bell Tel of Pa 6%% pref..100 125 3,200 May A__* 1st preferred Class A 50 50 • ... Amer Ll£ht & Trac Amer May 28 46 25 Class B Preferred 41 May 25 120 May 4 115% May 16 115% May 16 9% May 23 11% May 2 7% May Bufi Niaft At East Pow pref.25 15 May 28 41 59% Feb. 17 2 5 31% Jan. 32% Jan. 58% Apr. 26 Apr. 26 52 Corp 225 Amer Dist Tel N J pref—100 30,400 441,700 10,825 81,300 1,900 2,400 1,034,000 11,400 16,600 1,110 15,400 174,600 11,400 66,550 79,555 25% —* Amer Cities Power & Lt 1,200 6,600 24% Par 2,440 Ala Power Co |7 pref 50 100 24X 10,280 Youngstown S & T pref..100 PUBLIC UTILITIES 4,700 58,800 1,575 7,100 23% £1 16 1st preferred.. 7% May 2 16% May 21 May 4 May 71 70% May Jan. 25 34% Apr. 26 7 4% Feb. May 22 6 9% Feb. 7 33% Feb. 87% May 18 7 19% Feb. 22 Apr. 20 1 % J an. Jan. 102 112 4% May 18% Jan. 72% Jan. 10% Jan. 19 Mar. % Apr. 2% Jan. 51% Jan. 13% Jan. 28% Jan. % Jan. At Jan. 1% Jan. 1 7 6 Apr. 26 2% 2% 6% % 17% % At *32 Jan. Feb. 42 15% Jan. At J an. i At Jan. 111% 115% 9% 29% 7% 15% 68% Feb. 6 4% Feb. Apr. 21 70 33 Feb. 6 Feb. 5 5 3 Jan. 9 120 May 16 115% May 23 14% Apr. 23 31 May 2 7% Jan. 6 19% Jan. 3 75% Feb. Feb. Feb. 10 5 Jan. 19 Feb. Mar. 19 May 16 Feb. 6 Mar. 13 May 2 Feb. 6 Jan. 30 Cables Ac Wireless— 100 Am dep rets A ord sh Am dep rets B ord sh 100 £1 Am 9,700 39,800 2,500 1,700 £1 £1 dep rets pref sh 300 Carolina P Ac L $7 pref 25 100 180 $6 preferred Hud G A F»tc,. 7,400 Cent 300 1 1%; %> % 3% Sale % %« 3% 3% 9% Sale 9% 10% 1 May 22 At May 29 3% May 1 3 May 22 At May 7 1 2 35 May 21 9% May 11 16% May 3 1 .* May 2 1% May 29 1 % May 10 May 11 May 17 1 % May 1 10 May 11 40 May May 21 35 ... .... 10% 100 Cent Pow & Lt 7% pref...l00 50 % 10 1% ]\ 4 3X 9 % May 16% May 3 % May 40 May 1 Feb. 23 At May 29 3% Feb. 23 35 Jan. 15 27 Jan. 23 9 Apr. 23 14 Mar. 1 Cent At Southwest Utll— 1,200 14,600 100 400 Common.. 8,800 1 % Sale 145,900 Central States Elec com—1 1,475 7% preferred 100 6% pref without warr..100 3,150 1X Sale Conv preferred...; 75 75 Conv pref opt 2,200 1,580 Cities Serv Pr At 100 150 10,700 Cleveland 41,100 350 1,400 8,700 Elec Ilium con...* 9 253,900 2,125 Community P Ac L 1st pref..* 1 9,300 Community Water Serv 42,800 Con Gas E L At P Bait com..* 400 1,300 775 50 1,900 226,300 9,500 1,500 250 200 750 850 250 200 175 3,075 Ouke Powei pr Co. pref .100 * 19,200 Eastern Gas Ac Fuel Assoc 7,060 100 6% preferred 2,232 *X% prior preferred...100 * 24,100 Eastern States Pr com B $7 preferred series A... 1,400 * 16 preferred series B 1,350 * 5 1,547,300 Elec Bond Ac Share com 16 preferred 94,700 • 15 preferred... 27,300 3,075 Elec Pow At Lt 2d pref A • Option warrants 17,800 2.375 Empire Dist Elec 6% pref. 100 5.376 Empire G At F 7% pref 100 1,550 8% preferred........... 100 1,325 6% preferred ......100 7,700 250 4,200 Florida Powar Ac Lt S7 pref..* 725 For footnotec see paste 55. 5 Sale 25 Sale 24% "25A Sale 35 Sale At Sale X 55 X % Sale 28% "27" "30% 30 84% 56 Sale At Sale 10% Sale % 59 Sale X 0 Sale % 40 5x 45 m 5$ 8% 67 Sale 9% Sale 5% May 17 24% May 29 20% May 7 27 May 14 82 May 18 49% May 14 % May 16 5% May 2 62% 52% Sale 7% 66 8% Sale 1A 1% Sale Sale 15% Sale 14 Sale 51 Sale 48 Sale Sale 29 Sale 44 46 7 Sale 41% 11% 2% 43% Sale 2% 24% 29% May 4 25 90% May 56 May 3 1 68 2% 2% Sale 10 105* IX Sale 14 Sale 7 9% nll% Sale 1% Sale Jan. 30 12 23 9% Apr. May 128 May 30% Feb. 31 29 103 Feb. 6 61% Feb. 5 25 Jan. 34% Jan. 21 1 40 Jan. 3 57% Apr. 23 8% May 67% May 71 May 1% May 12 6 Jan. Jan. Jan. Jan. 16 8% Jan. 5% Jan. 10% Jan. 15 11 6 65 May 18 May 3 12% May 7 47% May 26 38% May 14 Sale" Sale 21 Sale May 10 May 3 May 5 May 5 9% 7 57 7% May 15 May 31 May 9 May 17 May 10 10% 11 30 51% May 22 11% 2% 18% 20% 6 1 Jan. 8% Feb. 5 20 20 6 23 30 23 3X Jan. Jan. 26 2% 2 15 Jan. 20 16% May 2% Feb. Mar. Jan. May 29 May Sale 12] 32] 28 Apr. Apr. Feb. 37% Jan. 1% May 10 1% 25 13 May 14 % May 21 55% May 4 47 May 11 71 7 1% Jan. 9 Mar. 3 Jan. 0 Mar. 4 Mar. 37 % Feb. 16 11% Apr. 28 % Jan. 22 65 Feb. 7 57 Apr. 23 7 62 5% May 17 May 31 2 40 16 5 4 14 26 7 3 % May 4 10% May 1 % May 12 63 May 28 51 May 17 Sale ltO 950 6%% preferred 100 1,700 Empire Pow Corp part stk..* 17,825 Eu ropean Elec Co of Can A. 10 Option warrants.......... 73,500 100 Sale 72 Commonwealth At Sou Corp Warrants 950 Cont'l G At E 7% Sale ..* 29,425 5% Conv preferred.....100 22,300 Commonwealth Edison... 100 500 1% 100 Columbia Gas Ac Elec Corp— 2,825 1,700 Sale 1929. .100 Lt $6 pref. *7 preferred 650 400 ser ~3% 1% % Jan. 1% Jan. At Feb. 3% Jan. 8 9% May 28 1 May 3 16% May 24 15% May 1 51% May 18 46% May 16 12 May 8 2% May 9 22 May 25 24% May 28 26 May 31 23% May 26 22% May 25 8 May 5 11 May 7 1% May 1 19 May 7 % Jan. 3 4% Jan. 11 % Mar. 21 53 46 56 1 31 9 11 3 10% Feb. 23 Apr. 28 Apr. 24 ?I" 2?^ Feb. 6 Feb. 7 1 19% Feb. 23% Feb. 6 Jan. 9 60 Feb. 5 28% Jan. 9 Feb. 19 Jan. 10 50% 17% 4% 23% 29% Apr. 18 6 2% May 13 9 Jan. 11 12% Jan. 6 17 Feb. 6 Feb. 5 Feb. 5 Feb. 5 5 Jan. 13 32 10% Jan. 15% Jan. 6 13 Jan. 3 25% Feb. 22% Feb. 23 11 Apr. 26 2 12% Feb. 3 2% Feb. 5 9% May 28 1 Apr. 21 14 Jan. 2 24.% Jan. 18 NEW 48 May. NEW YORK CURB EXCHANGE Since Jan. 1. Shares. EXCHANGE CURB PRICES IN MAY. aggregate sales. Shares. In YORK 1934. PUBLIC UTIL. (Con.) range since jan. 1. Price Jan. 2 Bid. Par May Ask. Bid Lowest. May 31. 1. Ask. Ask. Bid. Sale Prices Highest. Lowest. Highest. Sale Prices, ■ Sale Prices. Sale Prices. Gen Gas & Elec— 5,850 2,120 6,900 350 180 2125 $6 conv pref 125 ■ 55.50 preferred 14 4424 Jan. Sale Sale UK Sale Hamilton Gas Co 2,350 12,730 Illinois P 8c L 56 pref.. 5934 May 50 615 com ? t c_l Hartford Electric Light % K 25 4834 Sale * 49 5034 29,650 Int Hydro-Elec f3.50rpref_.50 9,400 2,800 83,725 100 4,600 Internet Utll class A 150 600 Class 60 24 May 4 15 34 Sale 234 6: 24 Sale 6,400 28 Sale 2Vs 34 Sale 4K % Sale 24 434 Sale 3 5 27 22 72 30 May 28 May 12 May May 3K May K May 12 Jan. 23 19 Mar. 12 57 Apr. 16 6434 Feb. 8 56 Apr. 21 50 Feb. 2 Me Jan. 48 34 Jan 26 2 24 Feb. 17 5334 Feb. 1 1034 Jan. 4 14 30 3 72 Jan. 2 Jan. Jan. 7 25 44 2 5 Sale 3A K 1234 1% K 424 Sale 62 • Warrants rl34 Sale 34 ' 34 2K 34 Sale SA 324 Sale 5K Sale IK K May May 12 May 14 May K May 14 May 234 May 24 May Apr. Mar. 1424 Jan. May 24 3734 Me 34 834 134 * new 20 59 3 Warrants for class B stock. Warrants 37,200 Italian Superpower cl A-—* 600 1934 May 15 May 12 May 4 24 May 31 3 May 9 % May 23 72 1 57 prior pref 34 May 5234 22 * B 970 Interstate Power $7 pref 70 5,500 2 29 7 K May 29 Sale 6% preferred ......100 100 Ind'polis P & L 624 % pf ..100 6,250 K 51 Sale 24 25 600 May 40 K May ■ 12,600 52,5 3,800 UK May 19 5024 May 4 41 * _* * * Georgia Power 56 pref 375 Gulf States Utll 56 pref I 7 25 B ser General Pub Serv 56 pref May Apr. Jan. May Jan. Jan. 24 Jan. 8 28 26 9 19 23 7 6 6 7 13 Mar. 16 Apr. Feb. Apr. Apr. Feb. Feb. Jan. Feb. Feb. 10 9 23 26 10 3 8 5 16 3134 634 124 29 3 6 81 Feb. 6 7 824 Feb. 6934 Apr. 23 6034 Apr. 23 40 34 Me 19 3 1 Feb. Feb. 5 5 Kings County Lighting 4,600 390 975 125 7% pref series B 100 51,600 Long Island Light com * 2,890 7% preferred 100 4,100 6% preferred series B ..100 78 3334 '3634 Sale 57 434 6524 57 54 434 May 14 May 534 May May 25 58 May 25 67 52K May Jan. 334 Jan. 4534 Jan. 3634 Jan. 3 Marconi Internat Marine— 500 40,000 1,000 2,300 Communication Am dep ret 1 768,400 Marconi Wirel Tel of Can • 3,300 Mass Utll Associates v t c 13,700 Memphis Nat Gas com ......5 7 234 Sale 324 334 2K 3% Sale Sale 224 37A Sale Sale 2% May 10 1K May 8 3 % May 5 2K May 16 IK May 3 K Mar. 2 Jan. 6 2 IK May 8 10 May 3 Jan. May 51 Jan. 8 Apr. 14 424 Feb. 20 234 Feb. 8 4 Feb. 7 Metropolitan Edison Co— 300 925 29,700 1,000 105,700 5,700 50 500 200 $6 Me Sale 34 24 conv * Sale 74 Middle West Utll com... 2d preferred 3,400 11,200 Montreal Lt Ht (k Pow com. 8,200 Mountain Sts Pow com 72 Sale Sale 24 Sale Sale 89 Sale 28 89 20 "37" Sale 37 * 1 107 41,100 Nat Power & Light— $6 preferred 430 Nevada Calif Elec 90 May 25 K May 28 24 May 16 48 Sale 23 680 Mountain Sts Tel & Tel..100 50 2,700 • pref ser A 230 Miss River Power pref....100 6,300 Mohawk 8c Hud Pow 1st pref.* 475 700 56 pref series C May May May May May May 24 25 14 31 18 14 74 Me May IK May 15 89 May 24 5434 May " 28 May 3724 May 124 May 110 K May Apr. 18 34 Feb. 19 234 Feb. 21 89 May 24 6424 Jan. 31 75 Jan. Jan. ie 70 Jan. 46 Jan. 20 May 35 Jan. 40 Jan. 100 Feb. 6 6 3934 Feb. 7 134 May 11134 Apr. 28 Mar. 1 -r 3634 Sale .... 100 com 58K Sale Sale 14 52 13 May 14 May 10 60 14 May May 2 1 925 7% preferred 100 200 New Engl Telep 8c Teleg_.10t 3534 Jan. 1134 Mar. 52 Mar. 85 Jan. 2 6 6934 Feb. 19 16 616O 91 29 Apr. Apr. 5 4 Mar. 28 New Orleans Pub Serv— 1,100 33",500 31 1*0 115 N Y Te1eo6tt% pref 100 N Y Water Serv 6% pref..100 .15 233,800 Niagara Hud Pow com 600 28,800 4,500 Class A option warrants... Class B option warrants 7,800 139,400 Sale 11624 '""366 750 100 25 10,050 3,300 19,110 3,600 35 32 117 K 534 Sale 6 iy£ K IK K IK 56 preferred • Nor Amer Utll Sec com 100 Nor N Y Util 7% pref 28,200 31 Sale Sale Sale 224 Sale 5K Me IK Sale K IK Sale 3K Nor States Power 100 A.. 100 com 29 K May 115 May 24 32 3 119 534 May 12 24 May 11 124 May 15 Me May 29 IK K 56 16 K 224 May May K May 3234 May 6334 May 1724 May 10 Sale • K IK 62 May 2 May 29 2934 May 11434 Jan. 634 May Me May May May 12 16 10 11 5 31 1 Jan. 11934 Feb. 3634 Apr. 924 Feb. 4 May Feb. 4 2 134 Jan. Feb. 1 May 3 May 10 May 11 May 5 2234 May 1 3 Mar. Jan. May 1234 24 3234 6334 Jan. Jan. »3J 224 May 334 Jan. Jan. Jan. 59 5 6 6 29 2 6 6 434 Feb. 324 Apr. 24 16 Apr. 26 6 124 Feb. 3234 May 11 5 6334 May Jan. 21 7 22 K Sale 17 K Sale Mar. 83 May 10 71 May 2134 1924 8524 24 324 May 24 May 1 May 8 May 23 May 23 1524 Jan. 32 Feb. 6 4524 Jan. Sale 50 Ohio Edison 56 preferred * 200 Ohio Power 6% preferred. 100 20 29 Apr. 21 2 1 new Sale 2834 11834 125 Norlnd Pub Ser6<!?. pref._100 25 1,900 Common Jan. 76 38 Jan. 25 Class C Option warrants... Nor Amer Lt & Pr com.. » 4,400 65 Jan. 7 6,000 1,425 30 Mar. 69 * 100 • ... 600 1834 Jan. 59 Preferred 75 N Y Pr & Lt 56 pref 150 7% preferred. 2,750 N Y Steam Corp com 3 4534 Jan. 3 Jan. 25 8324 May 10 80 2 71 8434 Apr. 13 Ohio Public Service— 80 30 7% 1st pref class A. 100 3 72 May 2234 1924 8524 24 724 4 1 May 8 May 23 May 28 200 Okla Nat Gas 6J4% pref..100 3,400 100 25 1,100 4,800 38,800 1,800 2,850 1,600 5,700 Pacific G & E 6% 1st pref..25 524% 1st preferred ...25 * Pac Pub Serv non-vot com..* 1st preferred.. * 400 Peninsula Telep Co 30 7% preferred com.. 250 Pa Cent Lt & Pow pref 50 1,400 Pa Gas 8c Elec class A 75 Pa Pow & Lt $6 pref 350 7,500 600 100 1,075 50 1,100 1,100 ""166 200 pref Sale 734 Sale * 8 U" "16"" pr 47" "49" 5524 53 13 K * 25 10234 1234 5434 Sale Sale stock 6% preferred 2634 May 8 5434 May 31 5634 May 9 12 May 14 14 May 26 1 10134 May 1 10234 May 32 May 21 32 May 21 1 1234 May 1 1234 May 17 • 17 19 15 19 60 16 19 15 May May 2 3 17 May May 2 3 19 100 6,300 Puget Sound P & L 56 pf 55 preferred... 4,960 * 16 K Sale 450 3,700 Railway 8c Light Securities.* 9K Sale * 524 Sale Sale 9 934 1534 Sale Sale 17 6034 May 834 May 1324 May 7 17 6034 May 7 11 y8 May 18 18 May 19 13,520 Shawlnigan Water & Power.* 100 Sioux City G & E 7% pref.100 25 3,300 Sou Calif Edison pref A Preferred B 25 11,300 5*^% pref class C 25 19,300 5% original pref ..25 2,275 1,100 Southern Colo Pow cl A..25 • 37,500 Southern Nat Gas Co com 90 South New Engl Telep Co. 100 Southern Union Gas com * 4,700 6,200 Standard Power 8c Lt com..* 100 500 2,600 2,200 250 300 7,600 50 100 500 600 3,500 Class B • common Sale 17 1734 Sale Sale Sale 22 May 22 10 May 1 1934 May 31 2324 40 May 29 5024 2234 May 29 2324 1834 May 29 1924 17 May 15 9 33 3234 May 2 May 7 2 May 8 May 10 106 1 134 May 134 4 May 18 434 3 May 4 434 May May May May May May 16 May 3 May 9 May 10 May 1 May 4 May 18 Sale 44 May 22 46 May 11 27 25 May 14 2734 May Sale 15 K H8^ 4 234 34 3K Sale 2K 2K 134 424 324 Sale 5K 434 Preferred • 1,975 4,750 Swiss-American Elec pref.100 434 224 A* Sale 5 424 106^ ... ""966 1,100 7,700 Tampa Electric Co • 100 Tenn El Pow 7% 1st pref..100 6 Texas P & L 7% pref 325 Toledo Edison 20 44 21K 24 27 K Sale 24 24 2",300 1 74 84 May 5 May 17 74 May May 5 3 534 May May 1 1 87 10 18,800 12,500 5,600 500 525 425,800 United Gas common .......1 57 preferred.. 67,000 Warrants 49,400 150 United G & E 7% pref....100 231,400 United Lt 8c Power com A...* Common class B * 1,500 56 conv 1st pref 124,800 ...» 62,800 U S Elec Pow com w W.......I Stock purchase warrants.. 46,800 • 3,325 Utah Power Ac Light pref For footnotes see page 55. Jan. 9 12 Jan. 15 15 Jan. Jan. Jan. 54 27 Feb. 7 15 11 Feb. 75 Jan. 17 Jan. 2 40 20 May 29 534 Sale Sale 2 Sale 424 124 Sale 234 Sale 34 Sale 534 124 18 124 May 28 534 May 2 Sale 3 Sale 42 Sale 2 K 9 Sale Sale 7A% Sale Sale K Vs 324 Sale 424 524 1734 Sale 34 Sale a 2124 Sale 2 May May May 5924 May 234 May 37 224 Sale 334 424 4 Sale 34 Sale 29 14 26 3 14 334 May 2 May 18 24 May 2 59 24 May 3 334 May 44 25 1734 Jan. 1534 Jan. 2 2 2124 Feb. 1934 Feb. 5 36 Feb. 15 4 Feb. May 14 24 May 23 34# May 4 1934 May 14 1734 May 24 May »ji May 2124 May 3 8 " 10 107 34 Mar. 5 224 Mar. Feb. 2 10 8 9 8 23 19 12 7 7 734 Feb. Apr. 24 1 4934 Feb. 8 28 35 Apr. 10 27 21 17 8934 Apr. 17 52 Apr. 4 ' Feb. Feb. 21 r79 Feb. 10 7734 Apr. Mar. 29 334 Jan. 2 124 May 28 3 Feb. 13 124 Jan. Jan. Me Jan. Feb. 2 24 Jan. 834 Jan. 24 Jan. Me Mar. 19 7 7 4 3 11 7734 Mar. 13 46 Me Jan. 24 Apr. 424 Mar. 12 Feb. 8 17 6 31 2424 Apr. 30 7 5024 May Jan. 62 21 8 7 6034 May 13 Apr. 23 20 Apr. 23 31 2124 Jan. 24 26 Feb. Jan. 134 Jan. 34 Apr. 106 May 34 Feb. 324 Jan. 224 Jan. 1724 Jan. Jan. 36 5 Apr. Apr. 13 1 21 22 ■ 3134 Jan. 13 28 24 28 1524 Apr. 26 8424 Apr. 24 92 Apr. 23 5624 Apr. 23 69 20 534 Jan. 1134 Jan. 534 Jan. 15 8 25 1434 Apr. 10234 May 32 May 1434 Feb. 64 24 Jan. 1824 Apr. Jan. 8 10134 May 3034 Jan. 9 Sale 500 United El Serv Amer shs 51,800 11,200 5,400 4534 Jan. r79 32,300 Union Gas of Canada ......* 77,000 United Corp warrants 5,800 5 24 17 10 27 23 9 46 100 pref._100 100 6% 130 7% preferred A. 300 Tri-State Tel & Tel 6% pf_.10 40 Apr. 69 Apr. 26 May 634 Jan. 7234 Jan. 8234 Feb. 2334 Mar. 2034 Feb. 90 Apr. IK Apr. 7 24 May 934 Feb. 75 8 100 Rochester G & E 6%D pf. 100 1,300 2 31 4 2 2 6424 Jan. 960 1,890 May 17 14" "16"" Sale Sale * Jan. Jan. Jan. Jan. Jan. 1934 1834 7024 24 2 34 5 26 5 May May 6H 534 100 pref 100 Public Service of Nor 111.. Com 560 par 94 Sale 2 34 8 • Power Corp of Can com 20 6% 1st pref 230 Public Serv of Ind """16 Sale 100 * * com 275 Phila Elec Pow 8% 50 21K * 50 Phila Elec Co $5 pref.. 50 21K Sale 1924 Sale * $7 preferred Pa Water 8c Power 6,900 Philadelphia Co 3,700 1934 Sale Pacific Ltg Corp 56 pref 7324 Apr. 26 534 Feb. 1 May 434 Jan. Jan. Mar. 29 634 Mar. 15 2 34 Feb. 7 334 Jan. 30 9 324 Mar. 5 4534 Apr. 26 134 Mar. 9 62 Apr. 24 524 Feb. 7 634 Feb. 8 2424 Feb. 7 34 Feb. 1 Me Jan. 23 2634 Feb. 7 34 NEW CURB YORK EXCHANGE lALl n. PRICES IN MAY. NEW YORK CURB EXCHANGE ince 1934. harei 'UBLIC UTIL. (Concl.) Jtil Pow Ac Light com Class B 1 t c......... ▼ J Bid. Par 7% preferred \/a Pub Serv 7% pref 50 100 ... * 5 10 Pipe Line.... 6% pref 10 100 Penn Mex Fuel common 1 Southern Pipe Line___.___.10 South Penn Oil 89, 5; 19, 3 ......25 19 3% 5% Sale 5 4 38 Standard Oil (Nebraska) 25 Standard OH (Ohio) com. .25 5% pref 100 i.: 9 4% 83% 3% 3% Swan-Finch Oil Corp Sale 40 Sale 9% 36% 128 35% 37% 43% Sale 14% Sale 14% 15% 6 5% 9% 8% 4 4% 6% 13% 5% 8 So West Pa Pine Lines 50 Standard Oil (Ind) 25 Standard Oil (Kentucky)..10 527, 125 Sale 13 12% 4% New York Transit 1, 4, 45, Lowest. Ask. 1% 2% 8% 4 8% 35% Sale * 12.50 Ohio Oil 7 6 32 118% 122% 33 30% 33% Sale ♦ Registered Indiana Pipe Line National Transit Northern 1% Sale 3 11% Sale 2? 25 Humble Oil & Refining Imperial Oil (Canada) 8, 2, 5, 5, 1. 1% 4 1 May May 8% May 35: May 85 May 3 Sale Highest. Sale Prices. 7 24 14 10 23 Lowest. Sale Prices. 1 % May 1 3% May 5 11% May 1 35 May 10 86 May 29 Highest. Sale Prices. Sale Prices. % Jan. 1% Jan. 8 Jan. 8 3 2% Feb. 4% Feb. 7 10 17% Feb. 6 6 35 May 10 35 * May 65 Jan. 12 86 10 May 29 6 Jan. 8 11 Jan. OIL Buckeye Pipe Line Jhesebrough Mfg fLureka Pipe Line May 31. 100 Borne Scrymser Co 6,i Sale 1 1. Ask. Bid 100 STANDARD SUBSIDIARIES 268,; 285,' 37, Bid. I iVestern Power 7% pref 1,1 5,; 2„ 1, May ».* ...100 PORMER RANGE SINCE JAN. Price Jan. 2 1 L40,i 6,( 13,] 49 Sale 87 6% 7 6% 36 34% 122% 116 31% 33% 33% 43% Sale 40 14% Sale 13% 14% 15 14 4% 5% 4% 8 7% 7% 3" 4% 3% 5 Sale 5% 34 113 84 86 5 4% 3% 23% Sale 22% Sale 20 45 44 46 48 32% 15% Sale 12% 12% 24% 23% 26% Sale 20% Sale 75 90 4% 4% .25 2% 3% 15% 92 2% 5 Sale 15% Sale 13 13% 19% Sale 90 3% 4% 4% 5% 47 Sale 16 14 80 86 91 3 3% 25% 15% 12% 18% 89% 2% May May May May May May May May May May May May May May May May May May May May May May 8% May May 126% May 35% May 244% May 15% May 14% May 5% May 8% May 4 May 6 May 87 May 4% May 5% May 24 May 46 May 27 May 16% May 14% May 20% May 91 May 3 May 2 16 3 8 31 28 7 5 18 5 17 1 10 28 2 16 27 Mar. 12 41 % May May 10 126% Feb. Mar. 12 36 Apr. 33% Jan. 5 46% Apr. 12% Jan. 12 15% May 13 Jan. 19 15% Apr. 4% Jan. 2 6% Feb. 7% May 24 Feb. 3 Jan. 11 4 88 5 6 Jan. 5 4 h.. Feb. 6 25 Mar. 27 14% Jan. 9 12% May 29 18% May 10 8 77% Jan. 2% May n 9 28 14 14 19 13 Feb. 2 17% Jan. 20 17 Mar. in 11 4% Jan. 83% Jan. 3% Jan. 41 28 30 31 116 31 7 Feb. Jan. 15 25 23 5% Feb. 24% Apr. 11 47 Feb. 32% 17% 16% 28% Jan. Jan. 23 22 22 Feb. 16 Feb. 5 92 Mar. 22 4% Jan. 24 OTHER OIL STOCKS. 84, American Maracalbo 21. Arkansas Nat Gas 1 2% 2% % Sale 1% 2 1% Sale 2% 3% 13% 3% 1% 14% Sale Sale 14% 15% 3% Sale 2% Sale 1 1% Sale * - Preferred. 1 1< British-American Oil Co 3, 190, 49, % Sale * com Class A 113, 5, Sale 25c Columbia OH & Gasoline— 7. Vot trust ctfs. % Con sol Royaltv Oil 7, Cosden Oil 1 Preferred 100, 5| com Crown Cent Petrol Corp 1 Darby Petrol Corp Derby Oil Ac Ref ecu .5 • Oil Co 2% 4 10% 1% 5% 1% 2% 7% Sale Sale 6 25 Non-voting class A Class B Internal * stock 60 122, 2, 47, com. 20 Leonard OH Development..25 Lion Oil Refining Lone Star Gas • .' * Co 46, Class A vot 2% 2% 26 trust 6, 46, * 1 % % Mountain Producers Corp. 10 National Fuel Gas * New 5 ..5 1 com Pantepec Oil of Venexuela..* Petroleum Corp of Amer— 117, 160, Stock purchase warrants.. Producers Royalty Corp 1 1, 24, 65, 2, 4, 28, 11, 36, 2, 24, 106, 71, 11, 64, 14, Pure Oil Co b% pref Red Bank Oil Co Sale Refining 100 % 1% % 1% 1 com Prior pref 'Ryan Consol Petroleum 10 * Salt Creek Consol Oil Salt Creek Producers 1 10 Savoy Oil Co >i4 5 Royalty Co Sun ray Oil.. 5 ...1 Venezuela Mexico Oil Venezuelan Petroleum 10 5 Wood ley Petroleum Corp 1 14 10 18 7 14 7 14 5 13% Jan. 15 2% Feb. 26 1% Jan. 2 1% May 1 1% May 5 May 11 2% May 6 May 12% May 1% May 6% May 2 May 18 % 1% % 1% 7 7 5 15% Mar. 24 5% Mar. 26 .3% Apr. 23 Jan. 4 Mar. 21 2 May 10 Jan. % May 11 3% Jan. 15 1% Feb. 5 Jan. 31 5 Feb. 10 9% % 5% 1% Jan. Jan. 6 13% Apr. 20 22 9 Mar. 6 5 56% May 15 1% Sale 1 % May 31 2 % May 2 25% May 14 27 May 28 2% May 5 2% May 2 2% May 14 28% May 28 27 May 28 3 May 18 1 % May 31 2% Jan. 5 19% Jan. 12 27 May 28 1% Mar. 26 28% May 28 27 May 28 3 May 18 % May 9 4% May 8 5 % May 14 9 7 % May 3 a:13% May 11 1% May 11 3 3% May 10 % May 29 4% May 8 7% May 7% May 3 14 May 1 2 May 10 3% May 2 2% % 2% % 2 3 £27% Sale Sale 2% 2% % Sale 3% 4% 6 Sale May 14 Jan. 11 Jan. 5 4% Feb. 4% Feb. 7 Sale A Sale 46% Sale % 'I % 5% 1% J* 6 % ., Salej 5 Sale 15% Sale 2% % % 4% 14% May I4I May 5 May 9 May 14 May 10 2% % % 5% 17 May 23 May 8 May 9 May 1 May 1 A Jan. 4 12 2 3 Sale % 1% 1% 2% A Sale % 1% 2% 1 % May 3 3 2% May 7 % May 2 % Sale Sale "2" 7% 1% a Sale 5% Sale % Sale 1% 6% Sale 1 4 4 14 May 2 May 1 A May 19 2% May 18 Sale Sale A Sale 46 Sale A % 1% Sale 1 1% 6% 8 1% 2 % h 6% Sale % 6% 5% 1% 1% 6% 5% 1% 2% Sale Sale 2% Sale 7 19 4* 4 18 4 A Jan. 5 % Jan. 3 8 % May 1 44% May 24 % May 25 1% May 8 7 3% % May 1 1% May 18 Sale 6% % May 6% May 7 Sale 1% Sale 5% 1% 2% 4% 1% % 3% Sale % 3 1 2 4 8 Sale 4 May May May May May May May 24 3 24 39% May 6 % May 53% May 2 14 7 15 8 7% May May % May May 6 May 2 1% May 1 2% May 31 6% May 1 2 May 1 % May 22 3% May 22 % Jan. 43% Jan. % Apr. % May % Jan. 1 Apr. 6% Jan. 1% Jan. Feb. 30 3% Apr. 6 1% Apr. 4 % Jan. 3 5% Apr. 25 18% Apr. 20 6 Mar. 10 2% 3% A 2% Jan. Apr. 16 9 May 19 Mar. 28 h*Jan. 2 % Jan. 13 4 16 Feb. 6 63 1% Mar. 6 25 1 Jan. 10 4 Feb. 16 1 % Jan. 23 8% Apr. 25 3% Jan. 29 22 15 %4Jan. 22 5% Jan. 4 % Mar. 24 4% Jan. % Jan., 2 2 Mar. 15 Jan. 7 Feb. 3 Feb. 14 -Apr. 27 2% Mar. 15 4% Mar. 31 Mar. 10 1% Jan. 1% Jan. 3 May 10 1% May 14 Sale % 3% Jan. Jan. % 5% 8% 8% Jan. % Sale 1% Sale 1 1% 7% 8% 2 2% Sale % 3% % Sale 53% Sale 26 1% Jan. 3 % Jan. 13 A Mar. 13 2 1% May 12 Feb. 1% Jan. 16 May 10 3 6 1% 2 Mar. 20 5% May 14 6% Jan. 31 Sale 5 Southland 5 11% % 5% 1% May May May May May May May May May 14% May 3 % May 2% May 19 64% May 5% Sale 17 1% Sale 1% 2% A % 1% Sale * Swiss OH Corp rexon Oil Ar Land Co. 3 Feb. Feb. Feb. Apr. 56% May 15 6% 2% 1% 3% 2% % % 4% Sale 14% Sale Reiter-Foster Oil Corp * Richfield OII of Calif pref..25 Root 2% Jan. 1 % 2% 2% .3% 2 58% Sale ~6 4 1 253, 6, Jan. 6 1% Feb. 7% Jan. 19 2% Feb. 3 3 12% Feb. 76% Jan. 24 % Sale /4% 5 7% Sale 7% 9 14 3% • ctfs.. Class B vot trust ctfs North European Oil 14% May 10 2% May 10 2% May 10 1% 1% 2% 3 9 12% Sale 3 Sale 2% ♦ Mountain & Gulf Oi lCo Bradford Oil.. North Cent Texas Oil 1 ' A Sale 5% 6% Sale 4% 6% 4 National Refining Co com.25 22, 1 • Michigan Gas 8c Oil Corp Middle States Petroleum— 21, 17, 11, 39, 6% 2 63% Sale 2% Sale * Frontenac Oil Mexico.Ohio Oil % Jan. 2 1% Mar. 21 10 1 new McColI 4, 3% 2% Sale 6% 1% 3 1 * . MargayOll. 10, 1 * irby Petroleum % May 1 May 5 1% May 1 3 May 19 2% 3 Sale 2 * Petroleum Registered 32, 2% Sale 5% 8% 12% Sale 1% Indian Terr I Hum OH Co 2, 468, 3% 2% 10 Gulf Oil of Pa 2, 15 lj com Creole Petroleum Devonian 156, Co 14 10, Continental Oil of Mex 62, 3, 489, 139, 17, % May 1 1% May 11 May 25 2% May 10 1 % — Coupon stock (bearer) Carib Syndicate com Colon Oil Corp common 37, % Sale 1% Sale 1% Sale 2% 3% 16 4% May 14 1 % May 7 A Jan. 9 3% Jan. 2 17 21 % Apr. 5 7% Apr. 11 1 Mar. 31 6 Feb. Feb. 2 5 16 2 % May 31 11 Feb. 6 5% Jan. 16 1% Mar. 14 5% Jan. 30 MINING STOCKS 29 Bunker Hill & Sullivan....10 50 14 Bwana M'kubwa Cop Min— American shares. .5s 1 14 62 1, . . Chief Consol Mining Co Consol Copper Mines 5 Consol Min Ac Smelt Ltd 25 159 Copper Range Co.. Creason Consol G M Ac M... Cusi Mexicans Mining 9 Eagle Plcher Lead Co 110 627 42 Falcon Lead Mines Goldfield Consol Mines Hecla Mining Co 1 1 10 25c Holllnger Consol G M 291 Hud Bay Min Ac Smelt * Internat Mining Corp com__l 58 3 9 32 237 Kerr Lake Mines Ltd Kirkland Lake G M Ltd Lake Shore Mines Ltd London Tin Corp Ltd— Am dep rets ord 4 20 81 & Warrants Iron Cap Copper Isle Royale Copper % Sale 131% 137% 161 % 1% Sale Sale 20 100 237 107 1 1% "l% Sale Sale Sale '"% "~A % 1% Sale 1% Sale 5% 6% A % Sale Sale A Sale 6% 11% 8% 10% 3% Sale Sale Sale Sale 3% is 6% 15% 13% 12% 5% Sale Sale Sale Sale Sale Sale 1 Sale % Sale % Sale 6% Sale 17% Sale 12% Sale 12% 13% 5% Sale % May 1 % May 5 May 2 15 May 7 12% May 14 12% May 1 4% May 10 A £6 55. 6 1% May 45% Sale" 1% 1% 5% % 8 May May May May 2 2 1 1 May May May May 3 9 3 2 A May 15 % May 1 7% May 9 17% May 28 13% May 2 14 May 4 5% May 1 9 1% May 14 May 24 is May 9 47% May 14 4 A May 3 % May 3Va 51% TVT fl.v 28 May 39% May 1 A *49% % Sale % % 50% ^ Sale Sale 2 Jan. % Jan. % Jan. 132 Feb. 63% Feb. 16 1% 1% 1% 170 Jan. 24 Mar. 31 Feb. 2 Mar. 14 4% Feb. % Jan. 5% Apr. 1 2 Jan. 5% Jan. % Jan. 5% Jan. % Jan. % Jan. Apr. 19 11% Jan. 8% Jan. 10 10% Jan. 3% Jan. 6 6 1 Feb. 2 % Sale 1 Mar. % May 24 % Feb. 41% Jan. 25 10 1% Feb. 21 Feb. 15 7% Mar. 6 % Jan. 22 5% Mar. 21 A % 8% 19% 14% 14% 6% Apr. Apr. Apr. Apr. 1% 2% % % 54% Apr. 27 Feb. 23 Mar. 7 Mar. 26 Apr. 4 Jan. Feb. Feb. 20 16 10 2 7 5 6 10s 4 Lucky Tiger Combination. 10 Mining Corp of Can • New Jersey Zinc New Mont Mining Corn 1 Sale 5% % 1% 5 25 1 1 May 2 1 % May 7 % May 16 1% 155 May 17 161 May 12 1% May 1 5% May 7 % May 2 10 4 44% May 1 * 50c Evans Wailower Lead 7% preferred 42% Sale 1% 1 301 17 Sale 25 10 2 May 15 May 17 47% May 25 47 May 10 2 63% Sale 51% Sale 52% Sale 47 51 Sale 47% 48 Sale 2% May 15 May 17 54 May 3 52 May 1 2 Feb. 2 May 15 1% Jan. 27 47% May 25 45 Mar. 22 4 2% 2% 63% 57% Feb. 2 May 15 Feb. 23 Jan. 10 Apr. 11 NEW 50 Price Jan. 2 In Since May. Jan. 1. Shares. Shares. 1934. 38,400 200 ..1 213,300 Premier Gold Mining 185,400 St Anthony Gold Mining—I 95,900 Shattuck Denn Mining.L...5 5 60,500 Silver King Coalition.. ..1 263,900 So Amer Gold At Plat.. .1 310,400 Standard Silver Lead 59,800 373,500 reck Hughes 1,900 Tonopah Belmont Devel—1 18,400 Tonopah Mining of Net 1 50c 128,200 United Verde extension Sale Sale Sale 3,800 10,800 30 2% 25 13% 17 500 Pond Creek Pocahontas Co. * 18,800 23,300 2,000 15,300 19,000 24,200 12% *26% 12% Ask 1% %« Sale 2% 2% yp-2 9% 1 "3% Sale Sale Sale 2% Sale 3% Sale ix % 2% 1% %6 1%. 5% x Sale 28 May 23 11% May 14 17 May 3 1% May 11 %8 May 14 1% May 18 8% May 1 3% May 7 %6 May 2 27% May 3 13% May 17 17 May 3 1% May % May 2% May 9% May 4% May %8 May 17 Sale Sale Sale Sale 25 2 % Sale Sale Sale 3% 33% May 21 2% May 9 2 Sale 6% Sale 5% May Sale %6 May 26 % May 28 4 May 12 4% Sale 4% 2% Sale 2 8 6% %6 1% 4% May May May May 34,600 72,900 4,700 x 5 1 41,200 Utah Apex Mining Co 900 Walker Mining 100 1 x Sale 8% Sale % Sale 196,500 Wenden Copper Mining... 1 741,300 Wrlght-Hargreaves Ltd 55,600 Yukon Gold Go......—.. 5 9 Sale %6 Sale Sale %5 Sale 1% May 28 % May 16 % May 26 8% May 14 %6 May 12 Feb. 2 3 Jan. 17 Jan. 3 % Jan. 2 1 3 1 % May 18 5% Jan. 8 5 5 % 3% % % % 2% May 1 % May 16 % May 1 9% May 2 % May 1 Jan. 18 12% Feb. 16 5% Feb. 17 % Feb. 15 8% May 1 3% Jan. 18 % Jan. 6 2^ Prices Apr. 11 Feb. 21 Jan. 23 May 3 Apr. 9 17 May 3 1% Mar. 3 % Apr. 28 35% 2% %6 27% 14% May 26 % Jan. 9 10% Jan. 25 14 Apr. 2 100 United Zinc Smelting "7",800 Highest. Sale Sale Prices Prices May 10 May 26 30 '-"3% Sale y x Sale Sale Prices 32% Sale % Lowest. Highest. Lowest. May 31. atk. bid 27% 31% 2X Sale 1Q —A 9,800 NY & Hond Rosarlo M 1. May Bid. MINING STOCKS (Conct) 45,200 Nlplsstng Mine* ..1 152,300 Ohio Copper Co 1,075 Pacific Tin apeclal stock....* 369,900 Pioneer Gold Mines Ltd— 900 range since jan. 1. prices in may. EXCHANGE CURB """425 EXCHANGE CURB NEW YORK aggregate sales. 2,000 6,400 YORK 8% Apr. %6 Feb. 1 % Feb. 4 May 26 Jan. 29 Jan. 2 Feb. 14 Jan. 4 5 % 2% 1% % 10% % May 16 % Jan. 2 6% Jan. 25 % Jan. 5 4 19 17 Feb. 23 Feb. Apr. Feb. Apr. Apr. Apr. 14 17 20 6 2 10 BONDS 218,000 1,664,000 19,000 51 56 Sale Sale Sale 68% 60 1968 66 X Sale 88 Aluminum Co s f deb 5s.. 195J 96 Sale 1948 72 Sale 184,000 329,000 I,000 876,000 448,000 30,000 ~97~, 606 90,000 366,000 187,000 22,000 17,000 12,000 56,000 254,000 982,000 1,701,000 896,000 1st ft ref As 5s Sale 65 Sale 70 87 Sale 81 1st 5s 1946 1st & ref 5s 1951 Ltd 5s Pow 6s. 1949 Deb5%« 1953 57,000 Am Community Pow 5H« 1953 252,000 Amer & Continental 5s.. 1943 84% 103% Sale Sale Sale 102% 87 Sale' Sale 222,000 75,000 156,000 1,993,000 3,325,000 1,077,000 237,000 Amer Elec Pow deb 6s 10] Sale 93% 16% Amer 75 Sale 89% Sale Sale Sale 16] 15] Sale 32 Sale 88% 29% Sale 28% Sale 25 63 104% Sale Sale 90% Sale 88 Sale Sale Sale Sale 57 Sale 95% 83% Sale Sale Sale 1,810,000 484,000 40,000 79 J Sale 4,159,000 1957 Gas & Elec deb 5s ..2038 Amer Gas & Power 1953 without warrants. 6s Amer Jan. 60 Jan. 55 Jan. . 2016 Radiator deb 4%a.. 1947 Rolling Mills— Deb s f 5s ......1948 70% Apr. 23 84% Apr. 24 15 Sale Sale Sale Sale 75 Feb. 19 Jan. 69 Jan. 26 May 23 May 11 May 4 66 Jan. 89 Apr. 20 May 11 May 4 May 4 72 1% May 3 1% May 10 3% May 14 93% May 1 16% May 1 90% May 18 32% May 1 29% May 2 1 1 May 4 Jan. 4 2 May 9 Jan. 4 May 16 89 81% May 21 87 102% May 29 104 85 May 17 88% May 4 1% May 18 2 May 9 89 May 24 14% May 14 85% May 10 28 May 28 23% May 29 Jan. 87 95% Jan. 104 Jan. 91 59 79 43] 98] Sale Sale 55% Sale Sale 104% 63 55% May 31 103% May 7 105 Feb. 16 2 Feb. 21 2 Jan. 30 5% Feb. 93% May 5 Feb. 5 90% Apr. 16 Feb. 6 20 9% Mar. 13 1 Jan. 6 16% Jan. 2 14% Jan. 8 32% Apr. 27 6 67% Feb. 6 May 11 73 Power Ac Light American 382,000 193<> 6s 5s 51 5 8 9 70 May 83% May 74% May 86 *1 aX Sale Amer Commonw May 24 May 14 May 26 69 ..1968 58 registered Aluminum Sale 66% 70 1967 ...195* Alabama Power 4 %• May 1 May 11 41% Jan. 97% Jan. 34 16 105 Amer 230,000 3,000 31.000 319,000 21,000 30,000 2,024,000 3,238,000 410,000 195* 2,380,000 Arkansas Pr Ac Lt 5s 5s registered ..1956 2,000 195.1 2,507,000 Associated Elec 4 as 378,000 Assoc Gas Ac Elec 41948 68 1968 3,825,000 5s registered. .........1968 34,000 5>*s lnr ctfs 1931 667,000 5%s inv ctfs reg 1938 II,000 4^8 series C. 1949 4,640,000 4%s G registered......1949 1,000 5%s 1977 701,000 480",000 44,000 467,000 2,000 38,000 11,000 674,000 81",odd ..1933 ...1936 1,747,000 Appalachian El Pr 5s.__.1956 2024 122,000 Appalachian Power 6s 5s 1941 113,000 4%% notes 406,000 Amer Seating 6a . 430,000 3,139,000 1,000 94,000 8,000 114,000 194,000 120,000 69,000 50,000 39,000 756,000 43,000 994,000 1,539,000 915,000 203,000 120,000 134,000 ....1950 Conv deb 5s 5s Assoc Assoc Rayon Corp 5s....1950 Telep Co Ltd 5s... 1965 Tel Ac Tel 5%s A...1955 Assoc Tel 5 As 1944 Util 5 Ms certificates of dep. 1944 Atlas Plywood 5 a* 3,000 18,000 70,000 74,000 35,000 121,000 360,000 281,000 382,000 3,000 261,000 281,000 68,000 3,000 31,000 111,000 38,000 23,000 163,000 2,969,000 1,819,000 395,000 833,000 3,000 205",606 1,250,000 1,000 43",000 961,000 439,000 10,000 2,000 149,000 5s Series G... 76 May 29 Sale 17% Sale' 34% 14% 15% 14% 17% May May May May May Cent States Elec 5s Sale UX Sale 13 Sale 17% Sale 17 10 X Sale al7% Sale 16 Sale 16% Sale 20% 10 x 19 Sale 17 Sale 2 May May May May May May May 22 18 18 28 7 18 18 8 8 117% Feb. 19 4 70 76 Jan. 2 97 59 Jan. Apr. 11 Apr. 21 Apr. 23 102 Jan. May 22 14% May 12 55 Sale 14% 14% Sale Sale 38% 17% 18% 16% 19% 19% 17% 57 92 79% Apr. 24 73 Mar. 12 42% Feb. 5 23% Feb. 5 25 Feb. 2 22% Feb. 5 28% Feb. 6 19% May 18 24% Feb. 5 8 19% Feb. 6 29% Feb. 2 25% Feb. 16% Jan. 31 Jan. 5 Mar. 12 2 16 Apr. 27 11% Jan. 2 11% Jan. 5 25% Jan. 2 13 Jan. 18 May 22 Jan. 3 10 17 53 Sale 70 Sale 44 Sale 57 Sale Sale Sale Sale 18% May 15 15% May 14 20% May 18 93 Sale 23 17 53 14 70% May 8 94 May 25 57% May 4 18% May 18% May 23 May 24 May 77% May 19 May 18 10x Sale 10% Sale 18% 18 22% 22% Sale May May May 14% May 14% May 19 May 17% May 75 May 65 8 3 11% Jan. 2 16% Jan. 31 17% Sale 28 25 28 31 8 12% Jan. Jan. 2 80% Jan. 9 Jan. 2 53 44 Sale 95 Sale Sale Sale 108% Sale 109% Sale 108% 70 119% 92% 108% 109% 110% Sale 58 105" Sale Sale Sale 104% Sale 115 Sale 87% 54% Sale Sale 105% 107% 103 Sale Sale Sale Sale Sale Sale 51 51 Sale 129 Sale Sale 108% Sale 97% 104% 111% Sale Sale Sale 74% Sale 48 Sale 109% 93% Sale Sale 111 Sale 106% Sale Sale —1981 67 B..1957 —1955 A.. 1950 D..1957 95 Sale Sale 52 Sale 91% Sale 44 Sale 100% 75% 42% Sale 42 32 Sale Sale 32% Sale 34~" Sale 9% Jan. 10 10 Jan. 15 Jan. 14 Jan. 13 16 3 50% Jan. 4 75% Mar. 15 95% Mar. 9 60 Mar. 3 22 Feb. 15 23 Feb. 19 26% Feb. 16 26% Feb. 16 78% Apr. 30 Sale 63% Sale "69% Sale" 5s 1950 75 Sale Sale 55% 59% 41% 44% 42% 52% Sale Sale Sale Sale Sale Sale Sale Sale 94% Sale 75"" Sale" 5H« reg Cleve Elec Ilium 5s 1939 62% 94% 100% 74% Sale 51 Sale 54% 40 Sale 36 41 Sale 38% 42% 49% Sale 45 84 96 Sale Sale 87% Sale May May May May May May May May May May May May May 4 May 22 May 74 May 14 73% May May 8 70 May 15 67 7 95 May 9 101% May 16 May 16 1 77 14 55% May 14 60% May 14 44% May 14 45% May 1 43% May 14 52% May 82 10 Jan. 2 67 Jan. 36% Jan. 103% Jan. 104% Jan. 81 Jan. 102 Jan. 102% Jan. 103 8 108% May 3 98 May 28 3 105% Apr. 2 5 117 Apr. 16 3 90 4 76 Apr. 23 Feb. 11 15 108% May 29 Jan. 70% Jan. 88 3 106% Mar. 31 3 58 May 5 Apr. 30 Feb. 7 23 May 29 94% May 29 63% Mar. 14 3 107 Apr. 21 74% Apr. 7 111 3 76% Jan. 43 May 25 100 Jan. 47% Jan. 52% Jan. 8 68 2 2 Feb. 6 75 Jan. 52 8 May 47% Jan. 11 70 75 Jan. 85% Jan. 57 41 Jan. Jan. 41% Jan. 27% Jan. 6 Apr. 26 74% Apr. 28 70 May 8 28 68 Apr. 95 Apr. 23 17 101% May 16 13 77 May 16 5 61% Feb. 21 Feb. 25 4 62 9 52% Feb. 20 51 Apr. 20 28 Jan. 8 35 Jan. 16 33% Jan. 5 53% Feb. 26 87 % May 31 45 Feb. 16 1 74 Jan. Jan. 10 3 95 Jan. 12 103% Apr. 11 3 84% Apr. 24 7 10 54% Feb. May 15 93% May 17 75 Sale 47% 47% Sale Sale May 52% May May 75 May 45% May 47 May Sale 63% Sale 61 53% Sale 77 80 Sale Sale 48 Sale 49% 67% 52% Sale 12 31 23 14 14 31 87% May 31 96 May 62 54% Jan. 96% Apr. 81 May 54 Mar 46 Jan. 77 Ma1 50 Jan. 3 81 Ma 52% Jan. 30% Jan. 30% Jan. 3 4 83 3 Sale 30% Sale 80 4 Apr. 21 Apr. 24 52% Apr. 27 53% May 4 46% Jan. 19 5 45% Feb. 19 68% Apr. 28 55 31 69 23 55 May 5 82 May 9 52% May 53% May 37 82 28 29 Sale Sale Sale 45% Sale Sale 106% Sale 44% 43% Sale 43 Sale 1961 5s 68 56% 1954 5s series B._ May 14 69% May 23 61 May 29 May 29 122% May 23 99% Apr. 13 70% Apr. 26 3 60 Apr. 23 9 76% Jan. 40% Jan. 11 29 Feb. Apr. 21 97 4 108% May 5 5 110 May 29 2 110% May 31 104 5 5 3 137 2 105% Jan 51 May 28 3 98 10 104% May 1 May 1 31 115 88 May 1 11 22 75% May 2 109% May 1 111 91% May 28 94% 43 May 25 46 106 May 1 107 55 55% Sale 1950 5%s__1942 1942 deb 73 May May May May 1 1 5 29 31 23 8 102% May 10 102% May 10 65 1955 5s registered Cities Service Gas 111 70. 1956 ..1966 92% May 104 86 106 104 May 105% May 107% May 51 Sale 74 May May May May May May May May May May 58 May 108% May 108% May May 14 129 92 May 25 95% 107% May 31 108% 1 110 108% May 3 110% 108% May 8 122% 119% May 96% May 25 99 65% May 28 70 57 May 2 58% 106% 106% May 117 Apr. 28 11 87 2 106% May 14 19% Feb. 12 Sale Sale Union Stock Yards 5s__ 1940 55 15 12 15 15 15 .18 Sale Sale 5Hs with warrants —1954 Conv 78% May 70% Jan. 101% Jan. 47% Jan. 73 ...1948 Central Pow Ac Lt 5s For footnotes zee page Sale 38% 66% 1956 1968 1968 346,000 Cities Serv Gas Pipe L 6s. 1943 4,822,000 Cities Service P Ac L 5%s.l952 5 H« gold deb 1949 1,935,000 82,000 78,000 512,000 76% Sale 72% ...... 5s series G reg 6a series B 134,000 992,000 Cities Service 5a 14,000 Sale 38 Sale F.1967 5s scries E 244,000 Chic Pneum Tool 6 a* 1942 512,000 Chic Rys 5s ctfa of dep.. 1927 255,000 Cincinnati Street Ry 5%sl952 14,807,000 78 Sale 48% Sale 52% Sale Cent 111 Pub Serv 4 He 5%s without warrants. 1954 1,651,000 Cent States Pr Ac Lt 5%».1953 Chicago Dist El Generating 4as series A .1970 1,413,000 Deb 5 As 1935 462,000 Chicago Junction Rys & 43,000 106 " Sale 75 Sale 102% Sale 101% Sale 101% Sale Bell Tel of Canada 5s 4 a* series H_ 194,000 298,000 Cent Maine Pow 4%s 5s series D 227,000 234,000 Gent Ohio Lt Ac Pr 5s 745,000 Central Power 5a ser 2,916,000 2,275,000 3,389,000 36,000 Sale May 151 91 May 1 rl08 May 19 64 26 105 X ...1938 1938 1955 1st M As ser B Juna 1 1957 5s series C ...1960 572,000 1998 153,000 Bethlehem Steel 6s 134,000 Binghamton L H & P 5s..1946 1968 989,000 Birmingham Elec < A* 1959 370,000 Birmingham Gas 5s 1947 112,000 Boston Gonsol Gas 5s 299,000 Broad River Power 5s A..1954 70,000 Buffalo Gen Elec 5s.....1956 1st Ac ref 5s 1939 169,000 1953 385,000 Canada Nor Power 5s 1935 1,069,000 Canadian Nat Rys 7s 2,419,000 Canadian Pacific Ry 6s.. 1942 129,000 Capital Admin 5s A x W..1953 1956 2,409,000 Carolina Pr Ac Lt 5s 5s registered 1956 10,000 491,000 Cedar Rap Mfg & Pow 5s. 1953 388,000 Cent Arizona L Ac P 5s—1960 257,000 Central German Pow 6s._1934 1943 119,000 Cent Illinois Light 5s 202,000 53,000 136,000 105% 57 57 x 6s with warrants 55,000 226,000 333,000 29,000 413,000 11,000 41,000 Sale 6s without warrants 4,517,000 5,142,000 1,159,000 1,139,000 151,000 76"" Sale" 102 96 May May May May 93% May 14 97 81 May 24 85% May 105% May 1 106% May 14 85 rl08 Locomotive Works 341,000 530,000 131,000 129,000 81,000 35,000 14,000 93,000 35,000 37,000 62,000 25,000 28,000 112",606 64 notes.'33 1933 -1943 2-year 6% secured 68 ctfs of deposit Baldwin rl08 1950 registered Ausoc 71x Sale 101X Sale 107% Sale May 14 68 77% May 14 82 41% May 14 48% 42% May 14 48 109 May 21 110 110 May 23 110% 107% 106% May May 2 May 4 May 22 May 7 May 22 106 Jan. Jan. Jan. 8 Jan. 111 Mar. 19 105% Jan. 110% May Jan. 107% Apr. 105 23 Apr. 21 49% Apr. 26 49% Apr. 26 7 10 1934 i NEW YOEK CURB EXCHANGE SAL PRICES IN MAY. NEW YORK CUR71 EXCHANGE Sine* Jan. 1934. 5* BONDS Bid. (Continued) May 1. May 31. Ask Bid Ask Bid. Lowest. Bank 651 5^8... 19S7 5s series A 1953 519 844 5s series B 1954 4^s series C 798 4 4» 504 Sale 994 Sale 1034 Sale 534 Sale 1937 —, Commonw Edison 4 Ms. 590 93 92 .....1956 series E. Sale Sale 7 Sale 1064 Sale 1014 Sale 1004 Sale 994 Sale 904 Sale 1054 Sale 874 Sale 52 4 Sale Conn Ltg & Pow 7s A....1951 4s series P.— "73"" Sale" 1981 54s series G_. 1962 Com'w'lth Subsld 5 4* A. 1948 954 574 Sale Sale Community Po* At Lt 5s. 1957 38 Sale 13 54 series B 44« series C 129 104 1954 ....... 107 ...1956 Conn River Power 5s.... 1952 Con sol Gas of Bait 5s 1939 78 118 44 1954 a Sale "844 52 Sale Sale Sale 5s series D—.......—1962 1,633 91 1074 Sale "93"" Sale" 1084 Sale Sale 1024 Sale 1024 1064 1084 Sale Sale Consol GEL&P Bait— 59 44s series G 96 4 4« series 1,499 491 1st ref .1969 1981 f 4s s Consol GBL&P 44a—.1935 87 4 4a stamped 944 Sale 1014 Sale 102 Sale 1024 Sale 1.576 1st Ac coll 6s 1 6s A ser 1943 \ registered 994 994 904 1054 824 504 1024 11 Sale 514 Sale 72 344 Sale Sale 514 May May May May May May May May May May May 118 111 86 74% 1,342 stamped ...1936 Consumers Power 990 1st & ref 5s. 6,200 4 4a.. 1958 1936 Continental G Ac El 5s 1958 873 Continental Oil 21 651 954 Sale 1034 1024 Sale 384 Sale 104 4 Sale 554 1034 Sale Sale Sale Sale 844 Jan. 105 Sale 514 Sale Cosgrove Meehan 64a...1945 1,115 183 19 1,272 64 7 Crane Co 5s 1940 85 Sale 974 1940 744 Sale 93 4 Cuban Telephone 74s.. 1941 Cuban Tobacco 5s 74 4 Sale Sale Sale 954 92 Sale 90 76 Sale 744 1944 Cudahy Pack deb 54s...1937 5s 98 Sale 48 4 1034 Sale 944 Jan. 564 Jan. 364 Jan. 100 Dallas P Ac L 5a aeries C..1952 6s series A__ 1064 Jan. 1 14 10 29 21 102 Jan. 109 108 105 Jan. 1034 93 1014 1024 Jan. 5 Jan. 4 May 22 May 29 1034 May 29 1024 May 3 103 May 4 11 May 524 May 1 5 177 477 Derby Gas Ac Elec 5s 776 812 Detroit City Gas 6s series A 112 l03"' Sale 1064 Sale 104 Sale 1947 122 122 25-yr s f deb 7s 7s certifs of 106 647 Duke Power Co 44a 434 1,261 8,270 130 135 9 45 847 2,282 190 223 Sale 904 100 Sale 874 Sale Sale 98 Sale 98 1952 Dixie Gulf Gas 64a with warrants 97 Sale 63 1935 2030 Sale Sale 102 4 46 4 844 1952 Empire Oil Ac Refining 5 4a* 42 Ercole Marel Elec Mfg 64a with warrants.... 1953 Sale Sale Sale Without warrants Sale 69 Sale i 80 Sale 97 Sale Sale Finland Residential Mtge 1961 Florida Pow Corp 5 4» A 1979 Florida Power Ac Lt 5k 1954 1,561, Gatineau Power 5s__ 734 Sale 894 Sale 93 Sale Sale 1956 784 Sale 1941 69 Sale notes 64a serlea A ...1956 Gen Rayon Ltd 6s A 1948 General Refractories— 1938 6s without warrants...1938 Gen Vending Corp— 6s with warr Aug 15...1937 445, 48, 568, 508,i 494,i 562,1 439,1 380,1 216,1 198,1 L ,333,( L,128,( Sale 27 Sale 984 Sale 40 Sale" 61 Sale 1967 1978 840,( 99,( 1965 964 Sale 58 Sale 1935 8 Jan. 17 Jan. Jan. 13 9 8 17 15 3 1004 May 1004 Jan. 254 Jan. 62 1 2 4 Jan. Jan. 15 11 64 3 3 804 May 28 844 May 8 974 May " 1004 May 31 724 Jan. 10 86 Jan. 13 35 Sale 93 May 31 97 1 80 Jan. 2 Sale 43 May 484 May 31 29 Jan. 4 63 Jan. 2 Jan. 9 May 854 May 18 88 "24 Sale" 24 May 31 374 May 14 24 May 31 42 May 2 394 Sale 1004 Sale 101 Sale 534 944 92 Sale 924 Sale 88 Sale Sale Sale Sale 904 Sale Sale 2 68 May 764 May 69 May 524 May 14 May 634 944 914 904 77 87 4 May 764 May 824 May 854 May 1 101 994 May May 29 1004 May 16 1014 May 3 614 Sale 86 73 4 May 15 May 16 2 1 1 May 4 May 31 May 29 May 29 May 1 45 Sale Sale 1024 May 23 1034 May 11 1034 May 12 1044 May 19 81 82 May 3 May 10 65 May 16 68 May 28 414 May 14 46 May 2 57 May 29 584 May 7 132 Sale 128 814 Sale 454 Sale 1384 Sale Sale Sale "564 Sale" 83 4 Sale 91 564 Sale 794 Sale 47 Sale 1014 Sale 71 Sale Sale "704 Sale' 1014 Sale May 14 1384 May 94 May May 74 May 11 44 May 29 May 14 794 May 31 594 May 28 52 1 9 84 May 10 54 May 10 May 2 84 May 1 624 May 4 57 46 May 23 534 May 1 101 May 1024 May 15 67 May 14 714 May 2 1004 May 9 1014 May ,29 374 105 Sale Sale Sale 5 2 4 May 31 184 Jan. 4 734 Jan. 894 Jan. 93 Jan. 62 Jan. 9 564 Jan. 534 Jan. 9 34 Jan. 774 Jan. 69 Jan. 684 Jan. 60 Jan. 100 Sale 1044 Sale 38 4 Feb. 102 Jan. 102 64 40 Jan. Jan. Jan. 13 : 9 ] 3 : 12 31 254 Jan. 5 45 3 Feb. 984 Jan. 85 ' 24 Jan. 2 2 : Mar. 13 4 Jan. 9 Jan. 594 Jan. 40 Jan. 4 40 2 10 46 May 23 94 Jan. 574 Jan. 974 Jan. 13 ] 15 16 i 734 May 14 81 May 1 May 16 1034 May 18 734 May 14 30 794 Sale 35 Sale 1054 Sale 1034 Sale Guantanamo At W Ry 6s. 1958 Guardian Investors Corp— 73 Jan. 844 Jan. 7 22 May 28 May 29 May 1 16 103 Great Northern Pow 5s_.1935 Gt West Power Calif 5s.. 1946 55. 10 9 Jan. 71 81 6s ctfsof dep 1948 Grand Trunk Ry 64a...1936 Grand Trunk West Ry 4a 1950 pre 8 924 Jan. 574 Jan. 464 Jan. 464 Jan. 60 70 69 764 Sale 684 Sale 1014 Sale Godchaux Sugars 74s 1941 Grand (F At W) Properties— Conv deb 6s ..1948 Gulf States Utll 5s 4 4* series B 5 2 Jan. 65 10 May 69 May 14 614 May 31 534 Sale Gobel (Adolf) 64s ser A.1935 With warrants series A 1044 Jan. 1024 Jan. 93 614 Sale 6s without warrants...1953 Gillette Safety Razor 5s. 1940 5s 27 10 68 8 6% certifsof deposit...1937 Sinking fund deb 5s 854 Sale 1004 Sale 1014 Sale 91 Gen Wat Wks Ac El 5s A..1943 Gulf Oil of Pa deb 5s Jan. Jan. 57 66 Georgia Power ref 5s Georgia Pow At Lt 5s Glen Alden Coal 4s Glidden (The) 5 4s 394 Sale' 103 Gesfuerel— 610, 620, 2,839, 1,067, 5 99 42 "77"" Sale" ...1935 5% serial notes 1936 Gen Pub Serv Co 5s 1953 Gen Pub Utilities 64s...1933 6s with warrants Jan. Jan. 104 Jan. 864 Sale ...1941 Gen Bronze conv deb 6s. 1940 Gen Motors Accept Corp— 5% serial notes 1934 5% serial 74 85 61 59 554 Sale Gary Elec Ac Gas 5s A....1934 2,569, 565, 361, 452, 2 16 1034 Jan. 484 ...1967 Firestone Cotton Mills 5s. 1948 Firestone T At R Cal 5s..1942 First Bohemian Glass Wks 1st 7s without warr 1957 2 Jan. Jan. 94 May 28 May 14 614 May 14 Sale 1004 Sale Sale B 98 2 17 20 Jan. 63 644 Sale Sale 82, 44, 872, 3,783, 504, Sale 69 8 19 2,833, 764, 84 Sale 63 6s series 40 Jan. Jan. Jan. 79 1004 May 17 May 14 194 May 19 1004 May 1004 May 1 103 1024 May May 19 41 47 May May 1 83 May 844 May 1 81 86 4 May May 1 Sale Sale 67 4 Fairbanks Morse Ac Co 5s. 1942 33, 150, 262, 91, 238, 937, 99, 1024 42 4 Sale Farmers Nar Mtg Inst 7s .1963 Federal Sugar Ref 6a....1933 Federal Water Service 5s_1954 6s W May 24 4 4 May 9 14 May 31 60 471 47 i Erie Lighting 5a ......1967 European Elec 64a 1965 6s st* 664 Feb. 29 13, 906, 4,405, Sale El Paso Nat Gas 64a A..1943 64a 1938 Bank ill® 6 2 Jan. 4 Feb. 23 Jan. 29 May 994 May 24 1004 May 23 1024 May 9 1004 Sale 101 28 Elmira Wat Lt At RR 5s.. 1956 El Paso Elec 5s A 1950 Empire Dlst Elec 5s Jan. 944 Jan. 1024 Jan. 5 97 1014 470 485, 1,894, 1,135, 25 9 1004 May 1967 notes 7s Series C 25 Jan. European Mtge Ac lnv__ 2,030, 44 May 4 May 17 14 May 18 14 Sale Edison Elec 111 (Bos) 5s._1934 389 May 31 101 May 23 May 7 May 18 May 3 May 4 May 2 Jan. 2 Feb. 26 Mar. 26 6 1937 Elec Pow Ac Lt 5s 986 33 Sale East Utll Associates 5s... 1935 Eavtern Utll Invest 5a A 1954 5% May 16 108 81 deposit.... 1952 460 31 '854 Sale Sale Sale 83 1950 May 14 554 May 1 1044 May 25 7 May 5 98 May 2 934 May 1 794 May 19 50 May 9 1044 May 18 1064 May 3 934 May 31 22 334 Jan. 404 Jan. 1 105 854 May 22 89 105 May 804 May 17 834 874 May 31 914 Sale .1946 5a B May 1044 May 22 1054 May 11 1084 May 18 1094 May 5 Bdge 64s 1952 64scertifs of deposit—1952 47 303 95 72 1054 May 15 1024 1054 924 Detroit Int 1959 1949 May May May May May May May May May May May May "934 Sale" 1024 Sale 1949 Dayton P Ac L 1st Ac ref 5a '41 Delaware Elec Pow 54a Denver Gas 8c Elec 5s 1034 Sale 2 Jan. Jan. 104 914 Jan. 1044 Jan. 1094 Sale Sale 93 8 Mar. 29 1034 May 18 1094 May 24 111 May 24 108 86 104 4 1946 Cumberland Co P Ac L 44s '56 249 613 396 1014 Crucible Steel 5s 195 401 54s....1937 Jan. 85 May 19 1064 May 31 1084 May 12 694 May 28 1034 1044 484 1024 3 112 47 1054 Sale 9 Jan. Jan. 724 Jan. Consol Publishers— 55 Jan. 92 92 May 21 84 May 8 May 14 Sale 1943 464 Mar. 28 IP 1164 May 110 May 1064 May 1074 May 102 May 1084 May 1084 May 1024 1935 64a with warrants....1943 524 May 16 102 May 17 106 4 May 31 1064 May 31 102 4 May 17 101 May 16 914 May 7 1074 May 29 May 1 May 17 994 May 103 4 May 103 4 May 1054 1014 Sale 1024 Consol Gas Utilities— 210 Sale Prices. 107 1970 H Lowest. Sale Prices. 48 4 May 1064 Sale' 844 Sale 1960 4,453 1,157 2,079 1.377 48 4 Highest. Sale Prices. Ask Commer* unci Prhtt 1.167 RANGE SIN Price Jan. 2 May 32 May 105 May 86 May 100 May 103 4 May 20 May 11 384 11 384 1 106 24 884 23 1004 2 106 17 24 May 1 May 3 May 4 8 May May 10 May 18 May 3 95 Jan. Jan. 164 Jan. 1004 Jan. 9 i 6 16 Jan. 3 1 13 934 Jan. 944 Jan. 11 1 70 12 Jan. 5 1 9 1948 1937 1947 1956 1961 1014 Sale 1004 Sale 1044 Sale" 1054 Sale 1054 Sale 1054 Sale 89 Sale 87 S^ale 39 May 14 424 May 4 1044 May 1 1054 May 31 1044 May 4 1054 May 10 85 May 10 89 May 1 77 May 14 81 May 10 24 Jan. 101 Jan. 994 Jan. 9 6 1 10 66 Jan. 3 63 Jan. 6 YORK CURB EXCHANGE NEW 52 In NEW YORK Price CURB EXCHANGE Since May. Jan. 2 Jan. 1. $ 11,000 63,000 178,000 20,000 32,000 5,000 21,000 22,000 45,000 110,000 50,000 147,000 286,000 93,000 6,000 4,000 6,000 60,000 84,000 42,000 871,000 10,000 437,000 76,000 171,000 78,000 340,000 437,000 39,000 38,000 94,000 7,000 52,000 5,000 50,000 1934. Bid. (Continued) BONDS $ 95,000 278,000 953,000 150,000 401,000 81,000 50,000 237,000 471,000 937,000 1938 5s 166% Sale" 79 1935 Hamburg El 5c Und Ry 5%8'38 Hanna (The M A) Co 6a..1934 239,000 5 Ha Houaton 60 74% Sale 73 59 73% 1943 404,000 6,824,000 84% 84% Illinois Cent RR 4%a 6s 1,058,000 917,000 w 2,683,000 1,651,000 Interstate Power Debenture 565,000 920,000 18,000 131,000 6a Sale Sale Sale 92 Sale % 101,000 Sale' 73% Sale Sale Sale 76 Sale 68 % Sale 56 Sale 60 47 % 65 Sale Sale 91 Sale Sale 72 Sale 25% Sale "77% Sale' 2% 1958 5a A.. 1947 Without warrants 5a Series B Iowa Pow A Lt 4%a A Iowa Pub Serv 5a Sale Sale Sale Sale Sale Sale 62% Sale Sale 65 105% Sale Sale 94 47% 46 % 94 % Sale Sale Sale 44% 43% Sale Sale 85% Sale 94% Sale 89% Sale 98 Sale 85% Sale 94% 87 Sale 100 % 46% Sale 62 % Sale Sale Sale 84 Sale 100% 56% Sale Sale 44 Sale 29 Sale 57% Sale 46% Sal©' 55% 42% Sale Sale 60 Sale 53% Sale 57% 52% Sale Sale 1961 1958 1957 48 Sale 42% Sale Sale 65 Sale 69 % Sale Sale Sale 93 58" Sale' 88% 87% Sale Sale Sale Sale 85 6a 17 4 104 May 31 104 May 21 May 1 May 1 103% Feb. May May May May May May May May May May May May May May May May 47% May 66 73% 78% 74% IV4 106 66% 106% 94% May May 8 95% May 18 62 2022 161,000 Kansas Gas A Elec 6s 1947 225,000 Kansas Power 5s A 311,000 Kansas Pow A Lt 5s B...1957 6s series A 1955 98,000 812,000 Kentucky Utilities 5s....l9t>9 5s 1961 678,000 6H» series D 1948 176,000 5Hs series F._. —1955 138,000 1943 295,000 Klmberly Clark 5s A 1,211,000 Koppers Gas A C deb 5s. 1947 Jan. Jan. 48 Apr. 8 9 3 105% Apr. 70 Apr. 23 3 5 70 Apr. 21 Jan. 87% Jan. 75 May 28 May 24 15 110 Jan. 50 Mar. 13 26 118% Apr, 10 Mar. 14 56 9 10 103 Jan. May 15 Mar. 22 2 Apr. 30 May 23 87 % May 31 93% Apr. 26 82% Jan. 12 101% May 31 66 Apr. 27 37 Jan. 10 75 Apr. 30 6 47% Jan. 52 Jan. 8 May 7 IV* Apr. 28 70 2 40% Jan. 2 4 75% Feb. 54% Jan. Apr. 26 5 80 59 Jan. 92 69 47 98 Jan. Jan. 13 106 47 Jan. 91 Jan. 71 Jan. Feb. 19 10 2 25% Jan. 24% Jan. Jan. 4 76 48% Apr. 30 48% Apr. 30 88 Apr. 16 95% May 18 3 71 3 Jan. 3 18 5 5 98 May May May May May 85 Jan. 83% Jan. May 7 65 Feb. 16 84% Apr. 21 8 102 2 46% Jan. 67% Jan. May 22 61% Feb. 5 Apr. 27 6 104% Feb. 103 Apr. 12 Mar. 19 15 103% Mar. 22 Mar. 22 2 102 Jan. 84 May 16 67% Apr. 28 2 106% May 29 10 96 Apr. 14 2% Jan. 83% Jan. 60% May 2 55 May 18 83 May 7 83% May 23 89% May 2 88% May 2 94% May 23 87% May 3 91% May 9 16 14 7 2 16 15 1 25 28 Apr. 24 Apr. 24 6 41 % Jan. 29 Jan. 2 48 Jan. 2 63% Feb. 42% Jan. 2 61 Feb. 67 Jan. 8 83 67 Jan. 6 83% 63% Jan. 8 89% 89% 95% 87% 92 May May Apr. Apr. Apr. May Apr. 88 Feb. 23 48 64 Jan. 9 75 Jan. 23 58 Jan. 2 5 5 7 23 30 28 18 •) 3 12 77 Jan. 4 Sale 81 May 31 85 May 18 80 Jan. 12 62% 1950 Deb 5%a Sale Sale 62% May 31 73 May 16 62 Jan. 2 78% Apr. 12 34 % Sale May 28 54% Feb. 17 May 15 Sale 36% Sale 99% 75" Sale 45% Sale 100% 93% 106% Sale Sale Sale 92 Sale Sale 89 Sale 94% 99% 65% Sale Sale 62" Sale 61 64% Sale 63% Sale MX Sale 83 Sale 77 Sale 70 Sale 70 96 Sale 62 Sale 78 Sale 73% 46" Sale 58% 51% 85" Sale 85% Sale 1945 certlfs of deposit—1945 497,000 Laclede Gas Light 5%s.,.1935 84,000 Larutan Gas Corp 6%a._1935 2026 1,490,000 Lehigh Pow Secur 6s Leonard Tlets Inc 7H»--1946 Sale 85% 76% 93% Sale 92 Sale 95% Sale 98% Sale 1945 317,000 Long Island Ltg 6s 235,000 Los Angeles Gas A Elec 5s '61 5s 1939 63,000 6s 1942 184,000 5 Ho series E 1947 46,000 5series F ...1943 83,000 5H» series 1__ 1949 136,000 89,000 Louisville (Ky) G A E 6s A '37 4H series C 1961 262,000 1,504,000 Louisiana Pow A Lt 5s...1957 Manitoba Power 5 Ho 100 99 97% 95% 98% Sale Sale Sale 1951 Sale Sale 68 61% 30 warrants 1952 269,000 Lexington Util 5s 1,041,000 Llbby McNeill A Llbby 5s 1942 149,000 Lone Star Gas Corp 5s...1942 32 May 28 46% May 2 May 15 104% May 4 105 99% May 8 101% May 31 93 % May 92 May 1 4 105% May 3 107% May 29 106 Kresge (S S) Co 5s Without May May 83 May 82% May 82 May 84 May 93 May 81 May 87 May 50 Mar. 21 62 77 3 9 104% 5 100% 8 100 May 3 May 14 104% May 5 104% May 22 52% May 14 57% May 2 May 2 41% May 28 47 56 81 12 Jan. 49% Jan. 86 5 3% May 29 94% 89% May 31 89% May 29 99% 92 May 5 94% 100% May 3 102 55 May 19 63% 80% May 29 84 6 Jan. 93% Jan. 82% Jan. 81% Jan. 22 1 16 1 29 2 47 Jan. 31 42 1 1 65 Jan. Feb. 27 82 75% Jan. 70% Jan. 11 Apr. 101% Jan. 31 100% Jan. 83 Apr. 14 74% May 31 44 15 1 12 1 31 93% 93% 90% 101% 40% May 14 40% May 14 84 May 17 93% May 14 61 1963 Without warrants. 5s 106% May 15 83 Apr. 21 99 23 81 Fraschlni 7s Without warrants Italian Superpower 83% 84% 1952 1942 Isarco Hydro-El 7a 308,000 58% 70% 76% 68% 72% Sale 68 1956 Invest Co of Araer 976,000 274,000 414,000 Sale 88 101% Sale 66 % Jacksonville Gas 5s 1942 81,000 Jamaica Wat Sup 5H« A.195' 1947 749,000 Jersey Cent P A L 5s B 4%s series C 1961 1,829,000 115,000 Jones A Laughlin Steel 5s '36 2,000 1,000 83,000 169,000 Sale Sale Sale 49% 53 % 47% 1,008,000 Iowa-Nebraska LAP 5s._1957 279,000 537,000 760,000 316,000 100 20 104% Mar. 29 103 101% May 89% May 92 May 87% May 100 May 57% May 70 May 72 May 63% May 71 May 75 May 59 May 105 May 63% May 104% May 92% May Prices. Jan. 100% Jan. May May May May 47 May 100% May 80 May 78 May 61 May 76 May 104% May 100% May 100 May 112 May 55 May 109% May 21 110 105% May 21 105% 64 May 15 68% 64 May 21 67% Sale 15 31 25 8 4 2 2 16 29 29 28 24 103% 106% 79% 79% Public Service 4%s series F 28,000 Sale 84 75% Sale 87% Sale 71% Sale 86% Sale Sale Sale 105% Sale Sale 68% Sale Sale 95 100% 66% 65% 83 72 97% 96 99% 104 101% 45 90% Sale 58% Sale 98% 89% Sale Sale 61 Sale May 70% May 84% May 95 May 86% May 101 May 105% May 107% May 105% May 105% May 105% May 101 May 98 May 88 May May 75% May 89% May 96% May 93 May 102% May 106% May 108% May 106 May 105% May 105% May 102 May 98% May 92 May 54% May 15 64 Jan. 4 105 83 Jan. 8 101% May 31 5 93% Mar. 14 73% Jan. 103% Jan. 5 107% May 29 May 1941 7s without warranto 1941 Mass Gas Co 5 H» 1946 5s 1955 McCallum Hosiery 6 Hs..1941 McCord Rad A Mfg 6s 1943 Melbourne El Supp 7 Hs A '46 Memphis P A L 5s ser A..1948 68 7s with warrants 2,000 17,000 104,000 206,000 28,000 II,000 69,000 30,000 34,000 14,000 300,000 170,000 5s ctfs of dep ...1932 201,000 58 ctfs of dep.........1933 396,000 5s ctfs of dep 1934 259,000 58 ctfs of dep 1935 277,000 1943 135,000 Midland Valley RR 5s 1967 520,000 Milwaukee G L 4H» 796,000 Minneapolis Gas Lt 4 Hs. 1950 65 82% Sale 99 Sale 74 Sale 93 Sale 40 Sale 63% Sale 69 Sale Sale 78 Sale 71 100% Sale 93 58 90 Sale Sale 83% Sale 93% Sale 99 95 Sale 58 102% 88% 82% 92 69% May 14 68 May 25 65 101 May May 21 94% 1 Jan. 8 89 60% Jan. 8 86% Apr. 25 73 Apr. 12 4 100% Apr. 23 62 18 24 5 4 1 5 8 7 23 24 21 24 11 23 22 21 18 96 84% Jan. 45% Jan. 10 68 Mar. 19 Jan. 3 68 Mar. 14 58 15 31 8 47 2 25 May 29 71% May 7 May 3 99% May 23 100 May 31 76% May 14 84 45 107% 38% 84% May May May May May May May May May May May May May 66 Sale 82% Sale 101% 95 94% 98% 101% 100 Sale 70" Sale' 95 89 May May May May May May May May May May May May May 32 100 Jan. 9 86% Apr. 24 51 Jan. 2 73 88% Jan. 82% Jan. 84% Jan. 4 89 4 104 Jan. Jan. 87% Jan. Apr. 21 2 98% Apr. Mar. 14 3 97 2 99% May 18 Apr. 8 101% May 20 5 75% Feb. 14 Apr. 28 86 Feb. 17 50 Jan. 9 93 Jan. 3 100% 61% Jan. 7 Jan. 2 65 Mar. 54% Jan. 68% Jan. 82% Jan. 13 8 76 Apr. 26 5 67 Jan. 89 Jan. 102 Jan. 9 94% Apr. 12 12 102% Apr. 20 Apr. 13 18 107 30 5 89% May 97% Mar. 14 Apr. 17 8 109 Apr. 23 12 106 13 105 % May 11 99% 94% 95% 94% Jan. Jan. Jan. Jan. 90 Jan. 82 Jan. 15 3 106% Apr. 9 102% Apr. 23 12 68% Jan. 2 §§£ Apr. 25 Apr. 16 May 24 38% Jan. 2 64 May 24 May 14 May 25 May 25 May 29 63% Jan. 69 Mar. 15 Mansfield Mln A Sm (Germ) 45,000 809,000 838,000 3,000 317,000 51,000 222,000 1971 536,000 Met Edison 4s series E 1st mtge 5s series P.. 1962 929,000 Middle Sts Petrol 6Hs A.1945 186,000 62,000 97,000 113,000 266,000 15,000 32,000 47,000 Sale 93% Sale 65 5a.....1957 1952 5s series D 817,000 45,000 100 w warrants Without 12,000 174,000 43",666 Sale 1,10 % Sale 90% 8524 Sale 5s Indiana Service 5a 857,000 I,000 45,000 242,000 21,000 117,000 79,000 12,000 34,000 8,000 25,000 6,000 10,000 40.000 234,000 Sale i__. 1,240,000 268,000' 98 % 103 75% ... 95,000 55,000 4,000 May 15 2 105% May 75% May 18 May 14 May 3 May 16 May ,31 73 May 31 56 May 14 71% May 3 102% May 14 98 May 2 97% May 14 107% May 10 52 May 28 4%s stamped Illinois Nor Uttl 357,000 24,000 209,000 331,000 35,000 < Sale Sale 68 % 1934 ....1937 1957 Illinois Pow & L 5 H> 1957 5 Ha aeriea "B" 1954 6a aeriea A ....1953 5a aeriea C 1956 Indiana Elec Corp 6a A..1947 6H> aeriea B 1953 5a aeries C 1951 Indiana Gen Service 5s_.1948 Indiana Hydro-Elec 5s A 1958 1957 65,000 Indiana A Mich El 5a.! lat & ret 5a 1955 217,000 18,000 647,000 347,000 1,105,000 771,000 2,116,000 2,453,000 231,000 104,000 566,000 36,000 269,000 Sale Sale 110 1947 1934 Idaho Power Co 5a 75% 104 4Ha aerlea D 1978 453,000 4Ha aeriea E 1981 1,120,000 1,148,000 Hud Bay Min & Smelt 6a.1935 60,000 Hungarian Ital Bank 7Ha *63 Hydraulic Power of Niagara Falla lat & ref 5a 1950 27,000 Ref & Improvement 5a. 1951 70,000 476,000 Hygrade Food 6s aer A ..1949 6a aeriea B 1946 183,000 Isotta 19,000 28,000 96,000 25,000 83,000 55,000 33,000 8,000 41,000 194,000 150,000 27,000 75,000 Sale Sale Sale Houaton Lt tk Pr 5a A... 1953 Interstate 11,000 Sale Oct 15 1936 Gulf Gaa 6%a..l943 6a Lowest. Sale Prices. It* 1936 Hood Rubber 7a 13,000 42,000 51,000 18,000 132,000 98,000 43,000 60,000 194,000 7,000 28,000 193,000 63,000 93,000 185,000 24,000 79% Sale Sale Hamburg Elec Co 7a Deb 6s without warr 1948 60,000 383,000 Int Pow Sec 6%a series C. 1955 7a series E 1957 331,000 7a series F 1952 246,000 1951 518,000 International Salt 5s 749,000 Internat Securities 5s__.1947 351,000 Interstate Iron A St'l 5%a '46 InteratateNat Gaa 6s 1936 7,000 347,000 206,000 Ask Highest. Sale Prices 102 1947 Hall Printing 5 %a A 180,000 145,000 31,000 468,000 < BidJ Ask Bid. Highest. Lowest. Sale Prices. May 31. 1. May Ask. Hackenaack Water 5a A..1977 1950 1st lien A ref 5s 1963 153,000 Indianapolis Gas 5s A... 1952 2,436,000 Ind'polia P A L 5s aer A. 1957 Intercontinents Power Co— ' RANGE SINCE JAN. I. PRICES IN MAY. AGGREGATE SALES. May 31 65% May May 102% May May 3 May 12 92 May 19 May " 86 95 May 29 May 72 May 3 May 64 9 May 25 94% May 29 70% Apr. Feb. 101 82% Jan. 74 Jan. 34 40 17 40 Feb. 70 Apr. 9 103% Jan. Feb. Jan. 101% Jan. 22 72 Apr. May May May 13 19 29 23 10% 10% 10% 10% Feb. Feb. Feb. Feb. 19 19 19 19 75 Apr. 12 70 Jan. 92 66 Jan. 86 73 Jan. 53% Jan. 95 Middle West Util— 1934 259,000 Minneapolis Gen El 5s 1978 683,000 Minn Pow A Lt 4Hs 1st A ref 5s 1955 419,000 1955 987,000 Mississippi Pow 5s 1,631,000 Miss Power A Light 5s...1957 268,000 202,000 Miss River Fuel 6s For footnote* dee page 55 7% Sale 7% Sale 7% Sale Sale Sale Sale 7 67 104% Sale 102 67 93% Sale' 103% Sale 85 Sale 101% Sale 57% Sale 75% Sale 83 41% Sale Sale 57 Sale 64% Sale 7 7 53% Sale 66 Sale 84 101% 74% 82% 52% am 97 Without warrants 329,000 Miss River Power 5s 1944 7 5% 5% 1951 105 May May May May May May May 25 22 22 17 25 8% 8% 8% 8% May May May May 70 May 104% May 18 14 87% May " 5% 5% 5% 5% Jan. Jan. Jan. Jan. 60 Jan. 93% Jan. Jan. 3 104% Apr. 23 89 Apr. 21 May 31 i02% May 16 100% Jan. 54 Jan. 77 May May 64% Jan. May 16 May 10 84 40 Jan. May May 15 57 48% Jan. May & May 90% Jan. May May 28 99 89 Jan. May May 10 98 96% Jan. May 14 1105 May 102% Apr. 18 77% Apr. 23 84 May 16 61 Apr. 24 69 Apr. 21 11 100 Apr. 5 99 11 Apr. 11 6 106% Anr. 21 73 ~ NEW YORK Price Jan. 2 May 1934. May 1. May 31. ~ BONDS (Continued) Missouri P & L 54« A 34, 75, Bid Bid. Ask 272, 86 69, 104 4 1094 Sale 844 Sale 564 Sale Sale 109 Sale 84 Sale Sale 1044 Sale 584 484 Sale Sale 8 177 2030 7 Nat Pub Serv 5s C O D_._1978 National Tea Co— 123 5% gold 33 193 8 Sale 124 Sale 102 Sale Sale 93 Nelsner Bros Realty 6s-.1948 299 Nevada Calif Elec 5s 30 327 New Amsterdam Gas 5s.. 1948 New Eng G Ac Elec Assn 5sl947 1956 111 5s Conv deb 5s 754 784 604 Sale 88 262 New Engl Pow Assn 5s—1948 249 394 52 4 554 374 264 Deb 54s 1954 New Orleans Pub Serv 4H* '35 6s series A 1949 NY Cent Elec 54a 1950 Sale Sale Sale Sale 74 Sale 20 ,664 81 May 1024 May 94 May 814 May 934 May 1044 May 984 May 1084 May 1064 May 79 May 754 Sale Sale Sale 55 Sale 50 Sale N Y Central RR 6s 40 Sale 554 Sale 544 Sale 544 Sale 70 Sale ~74~" Sale" 1944 1144 Sale N Y Ac Foreign Invest 23 54s A with warrants..1948 N Y Pa & Ohio RR 4«s..l935 89 533 27 54s 9 65 Niagara Falls Power 6s.. 1950 44 Sale Sale 1959 65 Sale 774 Sale 814 Sale 27 Sale 994 544 204 Sale 354 Sale Sale Sale 71 Sale 94 Sale 554 Sale 1966 324 76, 17 54% notes. 76 Sale Sale Sale 994 Sale 94 Sale 96 Sale 914 914 714 Sale 744 Sale 44s 1961 North Texas Utilities— 7s without warrants... 1935 73 Northwest Electric 6s...1935 86 Northwest Pow 6o A 46, 47 119 384 87, Sale Sale 884 914 Ohio Edison Co 5s ll" 103, 333, 57, 147, 43, 9, 2, 283, 70, 127, 8. 31, 25, 80, 196, 10" 226, 62, 93, 146, 12, 19, 5, 190, 100, 10, 5, 102, 37, 34, 12, 50, 191, 59,i 914 Sale Sale 93 4 1004 Sale w 1014 Sale" Sale 91 Sale 974 Sale 92 75 Sale 93 4 90 Sale 88 Sale' 564 Sale 55 Sale 52 Sale 644 Sale Sale 1938 w_. Oswego Falls Co 6s 1941 Pacific Coast Power 5s—1940 Pacific Gas At El 1st 44a.l957 1st Ac ref 6s B 1941 904 984 102 4 1st Ac ref 5 4s C 1952 1st Ac ref 5s D 974 Sale Sale 1955 93 Sale 1st I960 ref 4 4» F 1948 Without warrants... Pacific Ltg Ac Pow 5s 1942 Pacific Power Ac Light 5s_1955 Pacific Western Oil 6 4S-1943 Corp of Louis 6s Park Ac Tilford 6s 62 Sale 1064 Sale 1034 984 1004 Sale" Sale Sale *38 814 Sale 504 914 45 Sale Sale 904 100 86 Penn Cent Lt Ac Pow 44» 1977 5s 1979 604 Sale Penn Electric 4s series F.1971 "574 Sale' 1950 464 414 804 Sale Sale Sale 1956 96 64 Sale Sale Sale 814 Sale 874 Sale 734 Sale Sale Penn Pub Serv 6s G 1947 5s series D............1954 Sale 83 4 92 Sale Sale 734 Sale Sale 54s series B 1959 Penn-Ohio P Ac L 54* A. 1954 Penn Power Co 5s 68 1014 Sale Sale 96 Sale 108 Penn Sale 684 Sale 634 Sale 1024 Sale 1054 Sale Telep Corp 5s C 1960 Penn Water At Pow 44*—1968 5d 1940 Peoples Gas Lt At Coke 4s B'81 44% serial notes 1935 44% serial notes 6s series C 624 Sale Peoples Lt At Pow 5s 1979 Phila Electric Co 5s__.._1966 Phlla Elec Power 54s 1972 Phlla Rapid Transit 6s..l962 Phlla Suburb Cos G At E 1st At refunding 44S..1957 754 Sale al 4 Sale 1074 Sale 1054 Sale 494 Sale 100 Phila Suburb Water 5s..1955 Hydro-Electric ..I960 Piedmont At Northern 5s. 1954 1939 1961 Potrero Sugar 1st 7s 1947 Power Corp of Can 44s B 1959 Power Corp of N Y 54s..1947 6 4s series A Power Securities 1942 — 6% perpetual certificates 55 108 Sale 1054 Sale 914 34 Sale Sale 1084 Sale" 1064 Sale 80 90 40 Sale Sale 904 Sale 954 Sale Sale 83 Sale Sale 904 Sale 984 Sale 734 Sale 1024 Sale 994 Sale 634 Sale 94 4 May 90 May 574 May 14 65 May 944 1004 1104 1064 1044 1004 2 May May May May May May 26 22 25 824 .1084 504 914 May May May May 100 May 86 May 83 4 May 92 May 75 May 67 May 59 May 1014 May 1024 May 954 May 88 May 100 May 1034 May 108 May 77 May 724 May 68 103 May May 1054 May 96 May Q9 May 1004 May 105 May 1094 May 5 80 May 26 18 31 10 29 ' 19 31 31 3 4 1 23 29 1 ,7 29 25 5 9 90 24 1104 1064 704 May 25 1004 May 28 May 14 964 May 1 May 7 34 May 31 May 5 1114 May 9 May 8 1094 May 24 72 May 21 May 10 1054 May 14 1064 May 31 May 29 104 May 29 72 Sale 51 Sale 104 Sale 80 May 894 May 99 May 91 May 364 May 884 May 86 May 98 May 91 May 1054 May 25 May May 614 May 854 May 59 May 544 May 994 May 75 624 Sale 63 Sale 884 Sale Corp 6s_1949 1954 Pub Serv of N H 44s B..1957 Pub Service Co of N J— >ge 964 Sale ill"" Sale' 994 E.1956 44s series F Potomac Elec Power 5s..1936 Prussian Elec 6s 924 May 904 May 984 May 109 May 1054 May 103 4 May 984 May 100 734 Sale 1948 Co 6s ser May 92 4 May 104 Portland Gas At Coke 5s. 1940 Potomac Edison 5s Sale ...1949 Pomerania Elec Co 6s....1953 Ac Sale 774 Sale Co 6 4s class A Poor 1094 May 29 98 May 3 May 4 May 18 May 23 1936 ..1957 Pittsburgh Coal 6s Pittsburgh Steel 6s.. 784 Sale 10 14 11 14 8 7 794 May 1074 May 43 May 894 May 98 May 86 May 81 May 874 May 69 May 1004 Sale 110 106"" Sale 794 Sale 374 Sale 764 Sale 1936 Without warrants Sale Sale May 924 May May 14 964 May 14 944 May " 105 May 1024 90 Sale 454 94 934 914: 1034 1004 934 May 88 May May 91 May 874 May 53 May Sale 924 Sale Sale 4 16 22 78 Sale 98 6s series A 1940 Okla Pow Ac Water 5s A..194S Piedmont 53, 110, 54, 26, 14, 34, 55, 85 1950 Penn-Ohio Edison 6s 43, 116, 174, 76, 22, Sale 1961 Oklahoma Gas Ac El 5s Palmer 66 1953 54s series E Ac Sale 92 23 29 1 8 21 2 2 994 May 11 100 May 5 May 22 80 May 1 234 May 36 May 23 34 4 May 24 214 May 64 May 28 714 May 1 Sale 1954 , Pacific Investing 5s A 480, 135, 69, 694 Sale 954 Sale 1956 5s series D 362, 304 71 Sale 1952 . Ohio Public Serv 6s C 45, 17 15 25 17 26 25 4 1004 May 14 1004 May 55 14 May 23 364 May 2 964 May 31 784 May 29 764 May 26 714 May 1004 May 97 May May 22 May 14 91 Sale Sale 88 964 Sale I960 _ 44s series D Osgood Co 6s 51 1945 Ohio Power 5s series B. 55, 284, 70, 72, 80 234 Nor'west Pub Serv 5s A—1957 139, Sale 1004 May 98 May 484 May 304 May 93 4 May 724 May 72 May 694 May 98 May 94 May Sale Sale 1960 Ogden Gas Co 5s 373, 92, 54 I960 6s A crfs of dep Sale 704 984 "504 Sale' 1940 . Sale 724 1969 44s E 1970 Nor Ohio P Ac L 5 4« 195! Nor Ohio Trac Ac Lt 5s...1956 "484 Sale' Nor States Power 439 1 23 25 21 P5% notes. 1934 Nor Ind Pub Serv 5s 5s series D 26, 78, Sale Sale Nor Cont Util 5 4s A 1948 Nor Indiana G Ac E 6s....1952 128 138 1054 Serial 5% notes 1935 Serial 5% notes.—.—1936 5 4> • f deb ser A 1956 67 376 102 80 Sale Sale 2004 5s series A No Amer L Ac Sale 984 784 914 93 4 Ltg 5s '54 Nippon Elec Pow 6 4a—1953 30 1014 Sale 1004 N Y Ac Westchester 4s 35 Sale Sale "924 Sale" 1962 41 132 Sale Sale 66 44a_.1967 44a 1980 209 263 81 964 764 N Y P At L Corp 1st N Y State E Ac G 4 80 May 1014 May 92 May 77 May 90 May 1044 May 964 May 107 May 106 May 774 May 57 554 544 674 Sale 94 May 1014 May 5 1014 May 9 1034 May 29 78 May 10 794 May 24 101 May 29 574 May 1 56 May 3 56 May 2 71 May 28 754 May 31 564 May 4 42 4 May 4 85 May 8 1154 May 16 " Sale 75 May 7 May 1 May 11 May 15 1014 May 75 May 754 May 984 May 514 May 514 May 504 May 654 May 704 May 50 May 39 May 74 May 1104 May 784 Sale Sale Sale 394 Sale 1950 Sale Sale Prices 1044 May 31 1044 May 29 101 May 26 754 May 4 664 May 2 124 May 1 1004 May 1004 May Sale 1948 322 64 1004 Sale 3022 1981 429 Sale Sale 1014 May 1 1935 notes Nebraska Power 6a.. 49 654 May 31 1034 May 99 May 70 May 60 May 94 May 714 Sale' 744 Sale 1 14 103 4 May Nassau & Suffolk Ltg 5s. 1945 3026 2 Sale 1044 Sale 1957 Nat Pow Ac Lt Os^A" Deb 5s series B 205 May 544 May Sale 834 May 23 874 58 564 May 31 1084 May 2 110 109 May 1 1104 Sale 7' 95 48 4 May _5l4 Sale" Sale 984 1937 warr 5s series B__ 7, 163 Sale 109 Narragansett Elec Co 5s._1957 60 Sale Highest. Sale Prices. 92 May 23 Steamship Line 44« with 170, Sale 58 61 Montreal L H & P 5s "A". 1951 5s series B_. 1970 Munson Sale Sale Lowest. Ask. Peon Pub Service 5^8 B 1953 Montana Dakota Pow5H» '34 4, 87, 64, Ask. Bid. 944 54 4 724 Sale 1955 Missouri Pub Serv 5s A..1947 Monongahela West EXCHANGE PRICES IN MAY. NEW YORK CURB EXCHANGE In CURB 544 Sale 994 Sale 116 Sale 101 Sale 1164 Sale 115 May 31 864 91 1 28 100 2 954 28 40 91 12 29 894 May 5 May 3 May 4 May 26 May 11 May 25 May 15 100 May 4 92 4 May 22 1054 May 11 28 May 29 794 May 28 63 4 May 2 884 May 21 604 May 2 564 May 15 101 May 29 4 117 May 23 CURB EXCHANGE YORK NEW 54 NEW YORK Jan. EXCHANOE CURB Since In May. Price Jan. 2 87,000 312,000 303,000 60,000 Pub Serf of 5s 2,050,000 1,916,000 707,000 64« C.1966 1956 1980 1981 E series P...— 1937 -.1952 4H* series G H series 1957 606,000 Pub Serv of Okla 5s D 5s series G 1961 159,000 774,000 Pub Serv Subsld 5 4s A..1949 3,434,000 Puget Sound P & L 5 4s. 1949 Reliance Sale Sale Sale Sale 43 44 40 39 333,000 Quebec Power 5s 138,000 Queens Boro G & E 4 4s 31,000 45,000 17,000 6,000 594 Sale .....1950 D 44s series Sale Sale Sale Sale 30,000 195,000 99,000 18,000 86,666 18,000 26,000 663,000 953,000 570,000 70,000 172,000 146,000 984 Sale Sale Sale Sale 88 Sale 84 Sale 554 534 494 Sale Sale Sale 83 844 Sale 644 Sale 484 5c Coke 6s..1947 Water Pr 44s "79 Pub Serv 5s.. _. 1958 45.000 436,000 175,000 172,000 245,000 49,000 20,000 40,000 284,000 336',666 41,000 49,000 100,000 76,000 61,000 6,000 122,000 10,000 1,000 19,000 101,000 156,000 15,000 57,000 145", 660 125,000 109,000 55,000 94,000 9,000 47,000 491,000 433,000 238,000 230,000 11,000 7,000 586,000 36,000 8,000 35,000 10,000 41,000 110,000 22,000 112,000 38,000 117,000 185,000 69,000 "5",660 23,000 723,000 33,000 152,000 263,000 1,485,000 293,000 1,878,000 964,000 926,000 1,287,000 307,000 - 1937 Schulte Real Est warrants...1935 Scrlpps (E W) Co 54«—1943 Seattle Ltg Co 5s— 1949 Serve! Inc 5s 1948 Shawlnlgan W 8fc P 44s—1967 44s series B 1968 5s series C 1970 44s series D 1970 Sheffield Steel 54« 1948 92,000 Sheridan Wyo Coal 6s—1947 368,000 Sou Carolina Power 5s.. 1957 2,870,000 Southeast P 5r L 6s......2025 6s A registered 2025 5,000 1,408,000 iSouthern Calif Edison 5s 1951 44 Sale 974 Sale 66 Sale of California 33,000 344 Sale 44 Sale 41 Sale 72 Sale Sale Sale 824 Sale' 73 Sale 854 Sale 26 71 Sale 434 Sale 52 94 Sale 464 109,000 27,000 400,000 35,000 236,000 22,000 237,000 56,000 28,000 125,000 814,000 164,000 1,819,000 338,000 1,408,000 78,000 1,105,000 446,000 260,000 613,000 624,000 781,000 3,853,000 3,755,000 93,000 11,000 684,000 23,000 23,000 660,000 297,000 865,000 256,000 1956 1970 Terni Hydro-Electric Co— 6 4® without warranto. 1953 Texas Cities Gas 5s 1948 Texas Elec Service 5s__..1960 Texas Gas Utilities 6s 1945 Texas Power Ac Lt 5s 1956 6s 2022 5s 1937 Thermold Co 6s with warrl934 Tenn Elec Power Tide Water Power 5s A 94 74 Sale Sale 894 105 Sale 89 Sale Sale 624 5s series A Sale 354 Sale 884 Sale 924 Sale 924 Sale 100 Sale 924 994 454 754 72 1044 1064 1034 Sale Sale Sale Sale Sale Sale Sale Sale 98 1967 1950 1949 El Serv (Unes) 7c. 1956 Without Sale Sale 73 Sale 63 654 Sale 65 Sale 87 Sale Sale 404 Sale" 684 Sale 53 504 Sale Sale Sale 59 864 Sale 314 Sale 934 Sale 1004 Sale 100 Sale Sale 69 Sale 93 1044 Sale 1074 Sale 1941 1st 6s 1945 United Lt 5c Pow 64»----1974 Deb 6s 1975 54s United Lt 8t Rye 54s 6s series A__ Deb 6s series A 55. 1959 1952 1952 1973 May May May May 994 May 92 May 994 May 454 May 744 May 66 May 39 37 284 Jan. 1024 Jan. 47 Feb. 5 110 Apr. 19 Jan. 105 Jan. 43 Apr. 36 May Jan. 65 644 Sale 704 Sale 714 Sale 63 Sale 884 Sale 884 Sale 754 Sale 51 Sale 55 Sale 814 Sale 80 45 Sale 82 Sale Sale 80 534 Sale 514 Sale 214 Sale Sale Sale 534 Sale 534 Sale 784 Sale 51 Sale 89 89 504 May 55 May 474 May May 76 49 May 774 May 76 May 424 May 214 May 47 1044 Sale 101 Sale Sale 984 Sale 104 Sale 774 Sale 444 Sale 1044 Sale Sale 96 58 794 Sale 1034 Sale 107 Sale May May 29 96 Sale 1044 Sale' 1064 Sale May May 42 104 1024 May 774 May 954 May 18 May 29 78 7 1034 May 1064 May 17 614 Sale 58 Sale Jan. 89 Jan. 934 Jan. 82 Jan. 944 Apr. 10 894 Feb. 17 4 96 101 1024 Apr. 12 Apr. 7 3 107 73 Apr. 14 2 744 Apr. 25 2 2 Jan. Jan. May 514 Jan. 59 Jan. 60 Jan. Jan. 42 744 Apr. 18 644 Apr. 27 6 Apr. 12 89 Apr. 24 8 10 Apr. 624 Jan. 12 634 Jan. 10 6 6 47 34 Jan. 6 40 Jan. 8 57 87 Jan. 89 6 Jan. 5 Jan. 6 434 Jan. 434 Jan. 324 Jan. 324 Jan. 644 Jan. 3 66 Jan. 294 Jan. 18 48 514 May 47 484 May 15 434 484 May 11 42 45 May 21 103 May 105 1044 May 22 101 574 804 May 22 73 May 7 97 59 81 May 19 984 104 4 May 18 May 4 1034 108 Jan. 2 3 3 5 12 _ 8 10 May 31 754 May 31 544 May 18 69 Apr. 13 84 Apr. 28 101 Apr. 11 884 Apr. 23 884 Apr. 23 584 Apr. 23 59 Apr. 24 82 Apr. 19 Apr. 24 83 574 Apr. 24 Jan. 2 24 Jan. 58 Mar. 55 Feb. 24 Feb. 51 Jan. Jan. 50 Jan. 1C6 Jan. Jan. Jan. 9 8 Jan. 103 Jan. 3 100 Jan. 107 Apr. 3 1034 Jan. 108 Mar. 24 Jan. 2 75 Jan. 2 67 844 May 16 May 25 74 60 May 184 May May May May May 28 71 May 1 744 May 29 1014 May 1 1034 May 19 3 46 May 14 524 May 7 May 23 10 Jan. Jan. Jan. Jan. ' 25 i03 Jan. 55 57 Jan. 104* May Apr. 974 Apr. 814 Apr. 104 4 Apr. 108 May 44 May 69 Sale 15 77 May 17 744 Apr. 16 664 Mar. 23 105 Apr. 10 108 May 21 1044 Apr. 16 105 Apr. 23 984 Apr. 16 1024 May 29 104 4 May 12 96 Apr. 20 834 Jan. 2 1044 May 24 1054 May May 24 107 May 12 108 44 Feb. Jan. Jan. Jan. Jan. Mar. Jan. 7 31 11 28 26 16 934 Jan. 101 474 May Sale 93 5 May 934 May 93 May 101 May 934 May 100 May Jan. Jan. 1024 Jan. May 31 May 31 83 Feb. 89 854 414 514 434 664 934 3 May 11 5 844 May 85 May 56 May 55 May May 80 79 May 524 May 24 May 17 May 1004 May 764 May 894 Apr. 28 724 Jan. 824 Jan. 724 Jan. 754 May 31 544 May 18 5 604 May 48 Sale 934 May 25 1014 May 25 May 7 7 107 14 694 May 1 2 14 744 May May 2 18 73 May 22 9 64 May 68 Feb. 20 12 Jan. Jan. 41 72 May 7 May 4 May 28 May 29 May 12 May 7 854 May 85 May 724 Mar. 8 114 Feb. 23 94 May May 5 May 21 704 May 58 May May 18 5 109 Jan. 71 1044 1044 984 1024 1044 954 47 48 754 Jan. 1034 Jan. 31 11 28 26 16 17 17 1 108 1014 May 1064 May 604 May 68 May Feb. 23 10 11 Mar. 13 11 105 914 May 14 234 Jan. 105 1 66 Mar. 2 1064 Apr. 12 Jan. 12 1044 May 11 Apr. 23 10 96 88 7 May May 31 Feb. 1 704 Feb. 13 1014 Apr. 20 914 Jan. 72 1064 May 1034 May 104 May 974 May 1004 May 1044 May 94 May 104 92 Sale 314 Sale 24 Sale 92 92 45 53 May 104 May 9 May May 354 May 89 May 934 May 93 May 101 May 934 May 100 May May 77 May 72 May 304 May 87 1004 Sale "35"" Sale" 84 78 714 May 10 62 May 1 22 23 23 27 20 4 Jan. Feb. 19 Jan. 864 Apr. 12 51 Jan. 61 63 Jan. 2 ; Sale 76 Sale Sale 86 78 Sale 18 Sale Sale 70 Sale 914 Sale 86 Sale 564 Sale 1024 Sale May 31 3 May May 31 May 24 77 15 '904 Sale" IO24 Sale' 884 May 14 844 May 29 102 May 17 77 514 Sale 71 Sale 704 Sale 874 Sale 244 Sale 76 54 82 644 1014 504 50 Sale Sale Sale Sale 73 68 Sale 65 734 Sale 67 102 Sale 48 Sale 49 Sale May 14 May 14 May 18 May 24 894 May 22 48 86 T fsi 524 May 7 894 May 26 May May 23 105 102 May 1 1034 May 1034 May 9 1054 May 104 4 May 23 1054 May 104 May 15 1054 May 105 102 Sale 1024 Sale 1054 Sale 59 59 Sale Sale 324 Sale 294 Sale 50 Sale 354 Sale 57 Sale 284 Sale 1044 Sale 1054 Sale 70 Sale 70 584 754 Sale warrants 79 Jan. 11 3 Sale 59 May 29 May 2 May 2 Jan. 15 1 1094 May 11 624 May 94 May 94 May '954 Sale' 92 6 144 Jan. 60 1024 Sale United Elec of N J 4s United Indus 64* May 37 45 103 5s series B 5s 59 39 34 Jan. Sale 694 1957 Union Gulf Corp May 29 May 2 May 2 May Feb. 53 18 1004 May 29 Apr. 26 5 89 17 98 4 May 29 954 Jan. 5s A.1948 5c Pow (Mo) ...1954 44s 79 94 May May 29 May 19 May 1 105 874 May 16 914 May 14 Union Amer Invest Union Electric Lt May 11 May 1 May 1 May 15 7 Sale Sale 1944 {Jlen 5c Co 6s. footnotes see page 5s... 1962 Tr 54s A. 1952 Jan. 104 Sale 1934 1979 1st mtge gold Twin City Rap 88 May 22 May 4 47 394 May 18 May 10 994 May 15 1014 May 10 Sale Toledo Edison Co— United 386,000 664,000 953,000 596,000 1,893,000 418,000 2,802,000 604,000 424,000 " 68 stamped 62 3 1004 May 29 45 Sale 5s.. 5s Tenn Pub Serv 3 984 May 29 89 36 104 May 21 May 1 594 Feb. 23 574 Feb. 6 414 Jan. 394 Jan. 364 Jan. 874 May 36 Sale 101 53 7s Oct 1 '36 without warr 165,000 78 stamped 1936 178,000 7s 1946 wlthou t warrants 459,000 7s stamped....... 1946 106,000 Sun Oil 5 4s 1939 628,000 Sun Pipe Line 5s.. 1940 86,000 749,000 Super Power of 111 44s..1970 6s .1961 222,000 44s 1968 603,000 Swift 5c Co 5s 1940 1,265,000 5s 1944 463,000 5s registered ..1944 2,000 Syracuse Ltg 5s B.......1957 70,000 1st 5c ref 54s 1954 163,000 85 May 10 109 Sale 96 Without warr 87 Jan. May 22 31 Sale Co 64* 1935 Southern Nat Gas 6s 1944 1,240,000 Stamped .....1944 61,000 1961 241,000 So'west Assoc Tel 5s A 5,000 So'west Dairy Prod 64s. 193 8 936,000 Southwestern G 5c E 5s..1957 5s series B 1957 427,000 673,000 Southwestern L 5c P 5s..1957 Southwest Nat Gas 6s 1945 279,000 464,000 Southwestern P 5c L 6s..2022 151,000 Southwest Pub Serv 6s A. 1945 1942 338,000 Staley (A E) Mfg 6s 2,858,000 Standard Gas 5c Elec 6s. 1935 Conv 6s. 1935 2,567,000 6s 1951 2,185,000 6s 1966 1,486,000 1939 182,000 Standard Invest 54s 5s without warrants 1937 126,000 1957 3,521,000 Stand Power & Lt 6s Standard Telep 54s A 1943 195,000 Stlnnes (Hugo) Corp 542,000 529,000 120,000 45,000 40,000 67,000 170,000 63.000 327,000 136,000 60,000 Sale .1968 44> 156,000 Southern Ind G 5c E 54&-1957 852,000 Southern Indiana Ry 48.1951 65,000 94,000 4,000 89,000 9,000 209,000 65,000 Gas Jan. 105 31 454 Apr. 24 89 574 Jan. 62 42 May Jan. Jan. 32 109 88 60 General 5s.._. .....1939 1024 Sale 279,000 934 Sale Refunding mtge 5s 1952 502,000 Ref Mtge 5s 1954 634,000 864 Sale 1937 409,000 Sou Calif Gas Corp 5s 90 Sale 1957 280,000 Sou Calif Gas Co 5s 934 Sale 54s Series B ... 1952 53,000 1st 5c ref 4 4s 1961 778,000 Southern Counties Gas Southern Jan. 55 764 Jan. 714 Jan. 1064 May 18 1064 May 12 1044 May 11 1044 May 11 May 5 93 May 3 95 May 18 1084 May 4 109 6s without 75,000 554 Jan. 76 Sale Sale 32 8 Jan. 98 Go 6s—1935 6s 56 81 Management 5s.1954 Safe Harbor 654 Jan. 564 May 18 534 May 2 494 May 524 May 8 504 May 7 444 May 14 Sale 994 May Cons G 5c R— 548 series D 1960 97,000 24,000 San Joaquin L & P 6e B..1952 5s series D .......1957 94,000 —1955 100,000 Sauda Falls Go 5s Saxon Public Works— 60,000 2,000 2,000 48,000 182,000 May 15 85 83 864 Apr. 21 90 Apr. 9 79 4 May 1 784 Apr. 26 79 May 4 984 Apr. 25 934 Apr. 27 604 Jan. 884 May 21 87 May 21 83 Sale San Diego 5,000 1,000 25,000 9,000 May 31 May 28 Sale 84 Highest. Sale Prices. 714 May 28 96 May 14 904 May 23 72 Sale 724 Sale 98 Sale 77 1958 St Louis Gas San Ant 794 774 Lowest. Sale Prices. 864 May 1 894 May 10 794 May 78 May 79 May 984 May 934 May 1968 54*-1952 With warrants: 37,000 161,000 Republic Gas Corp 6s A—1945 6s A ctfs of deposit 1945 662,000 404,000 Rochester Gent l'ow 5s A 1953 1024 Sale 192,000 Rochester Ry 5c Lt 5s....1954 58 registered —1954 10,000 534 Sale Ruhr Gas Co 6 4« 1953 758,000 229,000 Ruhr Housing 64s A.-^.1958 Ryerson (Jos T) 8c Sons *sl943 121,000 11,000 82 4 84 Prices 814 May 24 814 May 24 72 May 14 72 May 31 Sale Sale Sale Sale 864 554 554 774 714 Sale Ask Bid 864 87 1950 series C 58 1,201,000 2,333,000 Ask. Bid 604 Sale D..........1978 44a series 4 4» series 4 V<i s 115,000 33,000 126,000 577,000 232,000 473,000 For Nor Ills 5s Ask. Bid. BONDS (Continued)— 223,000 558,000 212,000 469,000 68,000 116,000 72,000 Highest. Sale Prices. Lowest May 31. 1. May 1934. 1. JAN. 1. RANGE SINCE PRICES IN MAY. AGGREGATE SALES. Sale 58 584 Sale 51 Sale 484 Sale 774 Sale 534 Sale 464 Sale 77 52 Sale at y\ 814 Sale 474 Sale 82 Sale Sale May 31 May 11 574 May 14 454 May 14 424 May 14 744 May 24 474 May 14 794 May 23 424 May 7 87 584 584 514 504 78 534 824 474 144 Jan. 674 Jan. 564 Jan. 894 Jan. 16 30 24 2 7 12 Feb. 5 21 50 Jan. 55 Jan. 75 50 Jan. 744 May 29 86 Jan. 103 4 May 19 23 Jan. 384 Jan. 85 23 101 92 18 954 22 1 1014 100 31 May 18 May 26 May 29 May 2 May May May May May Feb. 864 Apr. 25 Apr. §2* May 87 May 103 Apr. 794 Feb. 58 5 Jan. 24 Jan. 15 105 Jan. Jan. Jan. Jan. Apr. 10 103 4 May 3 1054 May 5 1054 May 9 1054 May May 31 534 Mar. 28 534 Mar. 31 31 Jan. 8 70 274 Jan. 50 Apr. 24 52 4 May 7 90 Mar. 12 Jan. 354 Jan. 56 Jan. 284 Jan. 58 12 21 1 31 90 Apr. 5 694 Jan. 23 69 Jan. 23 58 Feb. 7 524 Apr. 25 79 Apr. 29 564 Feb. 6 824 Apr. 28 52 Feb. 6 June, 1934.] NEW YORK CURB EXCHANGE AGGREGATE SALES. In May. $ 50,600 42,000 20,000 38,000 19,000 32,000 79,000 8,000 56,000 21,000 22,000 NEW YORK CURB EXCHANGE Since Jan. 1. BONDS (Concluded) — . 19,000 Valvolln* 77 71 67,000 55,000 69,000 493,000 22,000 106,000 316,000 549,000 327,000 1,254,000 68,000 489,000 94,000 72,000 46,000 6,000 267,000 435,000 681,000 204,000 37,000 2.246,000 162,000 16,000 875,000 63,000 25,000 174,000 335,000 298,000 132,000 4,000 12,000 101,000 74,000 43,000 19,000 177,000 61,000 223,000 Bin May 31. ASk 10054 98 H Oil 7s RANGE SINCE JAN. Bid Sale Sale Lowest. "97" Sale" Sale 91 97 y2 Sale 68 90 Sale "50~" Sale 101 Sale Sale l6l]i Sale" Sale "61" Sale' Lowest Lowest. Sale Prices. Ask Sale 97 1. Sale Price*, Vnif Prices 9954 May May 94 May 9153 May 91 May 92 May 101 May 72 May 59 54 May 102 May 102 May 995 895 Jan. Jan. " 7053 6953 6953 11 10153 May 14 9953 May 24 9853 May 14 9754 May 97 31 May 14 9753 May 1 10153 May 24 8 May 17 14 May 1 10 10353 May 26 9 104 May 29 97 Highest. <11 /, Jan. 2 Jan. Jan. Jan. Jan. 3 3 6 77 68 90 18 10054 Jan. 29 5 10153 May 2 2 8* Jan. 2 5453 Jan. 4653 Jan. 9354 Jan. 9 10 12 94 Jan. 75 Feb. 8 7953 Jan. 15 3 9954 Apr. 20 9953 Apr. 21 9953 Apr. 21 Apr. 23 Apr. 24 101* May 24 Apr. 5 6753 Feb. 21 10353 May 26 104 May 29 1937 167,000 Vamma Water Power 5H» '57 826,000 Virginia Elec Power 5s...1955 959,000 Virginia Pub Ser 5H« A..1946 242,000 6s 1946 529,000 5s series B 1950 144,000 214,000 55,000 99,000 Sale 1. 1956 , . May Ask Bid. 59,000 U S Rubber 6H% Notes..1934 488,000 Serial 6 H % notes. .1935 265,000 Serial *H% notes 1936 255,000 Serial *H% notes 1937 261,000 Serial *H% notes 1938 259,000 Serial 6H% noteo 1939 339,000 Serial 6H% notes 1940 515,000 Series 6s.. 1936 233,000 Utah Power & Light 5s_.1944 1,152,000 6s series A 2022 99,000 Utlca Gas & El 5s B 1952 152,000 5s series D "9~666 PRICES IN MAY. Price Jan. 2 1934. $ 55 91 89 H Sale 10054 Sale 75J4 Sale 65 H Sale 10154 7354 Sale Sale 64 Sale 6853 Sale 11 Sale 1053 Sale 10154 Sale 1053 May 10 May May May May May Sale 14 16 29 10 29 1453 May 4 29 1454 May 4 22 10253 May 1 97 2 May 11 95 25 May 8 96 1 May 25 12 9153 May 11 2 10154 May 18 70 Sale 70 May May May 64 May 6653 May 100 7554 May 68 May 7054 May 89 1 3 1 8153 Apr. 9153 May 10154 May 80 Apr. 70 Apr. 76 Apr. Jan. 5553 Jan. 4753 Jan. 51 Jan. 13 11 18 12 23 17 Waldorf Astoria Corp— 1 st 7s with warrants 1954 7s with 1954 warr C O D 1454 79 Ward Baking Co 6s.....1937 Wash Gas Light Co 5s 1958 Wash Ry 5c Elec 4s 1951 Sale Sale 102 H Wash Water Power 5s...I960 Western Newspaper Union— Conv deb 6s 1944 West Penn Elec 5s 2030 West Penn Pow 4s H 1961 West Penn Traction 5s..1960 West Texas Utll 5s A 1957 West United G&E 5H» A 55 Westvaco Chlorine 5 Hs..1937 95 Sale Sale Sale 9354 25 Sale 55 96 Sale Sale 46 Sale 67 Yt Sale 96 Sale 45 Sale 45 Sale 6954 Sale 67 H 103 6554 Sale Sale 6254 Sale 1954 Wis Minn Lt 8c Pow 5s Wisconsin P 5c L 5s E 5s series P 1944 1956 58 Sale .1958 Wisconsin Pub Serv 6s Series A... 89 K 78 78 Sale 1952 131,000 Yadkin River Power 5s.. 1941 374,000 York Rys Co 5s 1937 9053 Sale Sale Sale 10053 9453 94 54 9353 4454 May 4 4654 65 May 14 70 10154 May 9 103 82 82 May 4 62 May 14 6654 May 14 May 1 May 31 May 4 May 1 8153 May 24 88 10354 May 31 104 10553 May 17 10553 104 May 25 10454 May 11 9153 Sale Sale 8154 Sale 10354 Sale Wheeling Elec Co 5s.....1941 Wis Elec Pow 5s A 96 May 2 May 8 May 17 May 4 May 22 May 1 May 7 May 23 May 26 76 78 79 : 9554 Sale 66 97 54 Sale 9654 May 9054 Sale 93 53 May 14 Sale 90 93 Sale 9153 May 10 98 May 3 May 2 May 28 92 5 1053 May 29 20 10 May 29 16 9653 Jan. 3 103 79 Jan. 2 97 8353 Jan. Jan. 30 Feb. 19 5 Feb. May 11 Apr. 21 Apr. 20 Jan. 6 4 95 80 25 55 Jan. 2 4654 Apr. 30 71 Apr. 21 Jan. 96 2 9453 Jan. 2 103 May 31 61 Jan. 26 46 Jan. 2 82 Apr. 24 6754 Apr. 23 65 Jan. 8 88 May 2 10153 Jan. 19 104 Apr. 25 10253 Jan. 26 10554 Apr. 21 99 64 58 Jan. 9 10454 Apr. Jan. Jan. 9153 May 22 2 80 5954 Jan. Apr. 28 7954 Apr. 27 3 7853 Jan. 11 66 9654 Apr. 27 Jan. 76 24 7 Jan. 9153 May 10 98 Apr. 20 FOREIGN GOVERNMENT AND MUNICIPAL 9,000 14,000 24,000 12,000 10,000 79,000 10", 660 31,000 Ag"icul Mtga Bk Rep of Col49,000 20-year 7s.. Jan 15 1946 21,000 7s with~coupon 1946 84,000 20-year 7s.. .Jan 15 1947 232,000 Baden (Germany) 7s 1951 37,000 Buenos Aires (Prov) 7 Vis. 1947 415,000 7H» stamped ...1947 1,000 7^s stamped reg 1947 35,000 7s 1952 293,000 7s stamped .1952 48,000 268,000 77,000 779,000 662,000 116,000 117,000 41,000 11,000 26,000 31,000 241,000 219,000 33,000 47,000 197,000 22,000 13,000 11,000 21,000 7,000 53,000 20,000 27,000 63,000 1,636,000 267,000 279,000 9,000 16,000 58,000 t 56,000 » Cent Bk of German 8tate 8c Prov Banks 6s 1951 6s ..1952 Danish Cons Munlc 5 His. 1955 5s 1953 Sale 227,000 external s f 6 H" 1952 2,533,000 German Cons Munic 7s.. 1947 2,341,000 6s 1947 202,000 Hanover (City) Ger 7s.. 1939 475,000 Hanover (Prov) 6H* 1949 Sale 3254 Sale 51Sale 4153 Sale" 8 53 Sale 62 54 Sale 6453' Sale 4953 Sale *40" Sale 3854 Sale 37 65 53 3853 Sale Sale 36 Sale Sale Sale Sale 36 100 10 Sale Sale 39 53 Sale 86H Sale 66 38 K 36 53 Sale 10133 Sale Sale 1354 Sale 1951 7s 41 29 16 5153 May 1 Apr. 18 60 3 45 85 2 2 2 6553 May 31 4954 May 29 8753 May 29 81 May 28 6553 May 1 3653 May 12 34 May 7 3453 May 2 3854 May 3 6854 May 3 38J3 May 29 3654 May 11 36 53 May 3 4054 May 9 May May May 7753 May 9853 754 7 54 12 54 1253 May 16 Jan. 30 50 Mar. 17 2554 Jan. 12 12 Jan. 41 4853 May 4254 May 6 46 Feb. 5 2 16 Feb. 5 Feb. 14 13 4 May 5 10153 May 29 May 25 10 May 1 May 25 853 May 22 May 8 14 May 2 May 12 1354 May 2 8 Jan. 48 29 51 Jan. 43 Jan. 10 8 73 70 7953 Jan. 6254 Jan. 23 2 89 44 8 23 Jan. 3554 Apr. Apr. 24 Apr. 25 3653 Apr. 25 34 M 8653 Jan. 5 Jan. 81 Jan. Feb. 16 Apr. 17 May 28 6953 Mar. 16 5953 Feb. 6 5753 Feb. 3 53 Feb. 2 55 Feb. 5 2 10153 May 29 6 1253 Feb. 19 554 Jan. 1254 Jan. 1054 Jan. 23 13 1254 Sale 854 Sale 2H Sale Sale 8053 Sale 3 54 3 V8 2653 Jan. 2653 Jan. 8053 May 25 13 May 5 16 54 May 5 May 5 May 554 May 5 May 75 1153 1554 353 Sale 2H 254 "1253 Sale' May 4 4454 May 7 23 53 May 25 24 May 26 1454 May 4 Sale 3 Sale 3 54 254 108 Sale 120 May May May May May May May May 28 ...1949 953 1961 23 21 10 23 10 29 19 46 2 125 Deferred delivery sales, Certificates of deposit, "w i" May 4 953 May 17 953 May 17 Sale a Above.—"cod" "vtc" Voting trust certificates, May 18 15 16 Jan. Jan. 853 Jan. 853 1454 253 2 253 254 r Sold for cash, x 37 May 24 1053 May 14 1053 May 12 108 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 854 Jan. 553 Jan. 653 Jan. 1053 Feb. 19 9 21 Feb. 21 6 2053 Feb. 5 46 3 May 4 44 54 May 7 2353 May 25 24 May 26 1553 Feb. 17 4 15 6 12 82 Mar. 14 8 17 Feb. 4 1953 Feb. 2 5 2 5 Mar. May 554 May 5 May 2 2 125 19 8 1 4 4 4 May 18 16 37 6 11 13 Feb. 1 13 Feb. 20 May 24 Ex-dividend. "cons" Consolidated, "cum.. When issued, "w.w." With Cu Cumulative, warrants, "conv" Convertible, "x-w"'Without warrants'. Deferred delivery, under the rule, and cash sales, in which no account is taken in computing the range, are Deferred delivery: Assoc. G. & E. 553s mv ctfs. given below: reg. 1938, SI,000 at 17 54 May 1; Steel Co. of Canada, 75 at Under the rule. Bohacs: (H C.) Co. com., 25 at 1553 3454 May 3. May 16, European Electric of Cash sales: American Investors, Canada, class A, 25 at 1153 May 1. common, 50 at 253 May 16. 2953 May 31 26 54 May 31 27 May 3 52 53 Jan. 24 1945 Sold under the rule, Used Jan. 11 18 24 2953 Jan. 79 1947 . 7s 1935 Santa Fe (City) Argentina 131,000 Republic extl 7s 231,000 Santiago (Chile) 7s 207,000 Santiago (City of) 7s Non-voting, 35 4454 May 15 39 May 24 22 May 2 2254 May 10 1254 May 1 Sale Saar Basin Con Counties n 29 25 28 1854 Jan. May 1954 Jan. 32 May 23 1951 92,000 Mtge Bank of Denmark 5sl972 620,000 Parana (State of>. Bras 7s.'58 271,000 Rio de Janeiro 6He 1959 350,000 Russian Govt 6H« 1919 3,562,000 6Hi* certificates... 1919 831,000 SHe 1921 5 He certificates 1,156,000 1921 No- par value, 2953 May 31 2654 May 31 May 3 3254 May 31 5153 May 1 4354 May 8 27 4853 May 11 3954 May 25 Sale Sale 172,000 7s Issue of 1927 (A&O) .1947 320,000 Mtge Bank of Chile 6s. 1931 174,000 8 18 15 1054 May 16 42 Mendosa (Prov) Argentina 78,000 7 Hs 337,000 7H« stamped 77,000 Mtge Bk of Bogota May May May 32 May 4953 May 41 May 29 Indus Mtge Bk of Finland 647,000 1st mtge coll s f 7s 1944 317,000 Lima (City), Peru. 4Hs. 1958 67,000 6 H« ctfs of dep 1958 84,000 Yfaranhao (State) 7s ..1958 111,000 Medellln (Colombia) 7s..1951 24 23 22 53 Danslg P 8c Wat'way Bo Abbreviations "n-v" 35H Cauca Valley fDepv of) Rep oi Colombia extl s f 7s.. .1948 . 8,000 56,000 17,000 ,80,000 2953 Sale 26 "m" Mortgage. Jan. 1 to May 3i_ NEW AGGREGATE SALES. Tn Since Jan. 1. BONDS 55,000 9,250 Shares. 100 600 100 3,500 1,000 2,100 2,600 1,800 STOCKS Ask. Bid. Ask Bid. 5 1% 77% 32 30 45 9,000 900 9,500 2,300 "ix ""2% 1 12,200 Abltibi Pow & Paper Ltd—* Preferred 100 1,900 SI 231,500 Admiralty Alaska Gold Aetna Brewing 1 8,000 15,900 Allied Brewing & Distil'g-.-l Altar Consol Mines Inc 1 51,500 * 6,700 American Republics ,S 7,000 Andes Petroleum 30,300 Angostura WuppermannCorl 1 49,600 Arizona Comstock Corp * 2,400 Atlas Pipeline cap 1 1,400 Auto City Brewing 1% 32 37 33% 31 40 2* 5 10c Sale 1 2% Sale 25c % 2Vs Sale 19c 1.75 Sale 2Vs 1% 2% i % 4% 5 7c 98,000 Bancamerica-Blair 3",355 3,300 6,000 "2", 555 13,500 150 2,900 "T.soo 1,700 1,800 900 28,150 1 * 5 2,400 Color Pictures Broadcasting A Columbia 500 1.05 3% 16,600 4 49c 1 1% 1 First Nat Bk of Boston 1.18 1,700 7,500 100 Gair (Robert) Co $3 pref 37c pref partic 10 Brewing (Del) 1 Hamilton Mfg A 65c 65c 85c 3 Q 3 7 2% 2% 7% % Sale" 90c .1 22,000 Imperial Eagle Mining 100 Incorporated Investors vtc_* 100 """200 * 1 1,800 International Vitamin Corp. 100 500 Interstate Natural Gas.....* lSIeoo 114,800 1,100 * * 900 Ironrite Ironer 1,100 Jetter Brewing.. 300 No par value, a Corp Barrel Kildun Mining 1.100 Kingston Seller. 1 1.10 1 cap 6 Oash sale. - I 1 2 ,5 10c May 21 May 6% May 11 May 12 May 14 4% May 22 23 Apr. 18 43 c May 16 1% Jan. 2 May 16 1 60c 3 May May 3 4 1 May 45c May 17 5 May 23 4 90c 1 30c May 28 May 29 1% May % May 2 1 6c May 28 7% Sale 2% May 16 % May 16 2% % 1% % 1 1% Sale 10 14% 23% 25% —- 40c May 15 2% May 16 1 % May 2 33c % May 17 24 40c 5c 1% May 1 May 12 25% May 7 / 4% May 29 2% May 22 6 May 4 11% May 4 % May 24 1.25 May 18 30c May 1 25c May 1 5 May 29 2% May 1 6 May 4 12% May 29 1% May 4 1.25 May 18 35c May 2 25c May 1 % May 11 3% May 15 % May 11 3% May 7 % 13% 40c . 17% 1% 3% % 15 % May 14 14% May 17 35c May 1 % May 14 14% May 17 50c May 14 % % 1 2% Sale 1% 2 18 11 11 23 6 11 7 Feb, Apr. 24 Jan. 4 30c May 29 3.80 Apr. 6 7 Mar. 22 6c May 28 2% May 16 % Apr. 3 % Apr. 17 % Feb. 6 14 Apr. 10 18% Jan. 6 62c Feb. 27 2%'Mar. 19 4 Mar. 14 1% Apr. 23 1% Feb. 16 4.20 Mar. 8 7 Mar. 22 33c May 15 2% May 16 1% Apr. 24 1 Mar. 7 1% Apr. 21 14 Apr. 10 25% May 7 62c Feb. 27 6 8% Feb. 28 2 Feb. 21 6 May 3% Mar. 16 6% Apr. 21 4% Feb. 4 2% May 11 1% May 17 22c Mar. 31 Jan. 17 12% May 29 2% Feb. 15 1.39 Mar. 6 % Feb. 5 % Feb. 8 16c 45c 16 May 23 % 4.10 3 3 18 7 27 11 22 11 45% Apr. 5 10% Mar. 29 1.30 Feb. 19 49% Jan. 30 4% Feb. 16 3.50 Feb. 13 Sale 6% 16 1 % 3% Apr. 21 13% Jail. 9 7% Jan. 10 1.25 Jan. 23 44 Jan. 17 1.10 May 11 27 27 26 5 2 2 2 5 90c 1.00 25c 1 14% 30c % % % 3% Sale % 13 Jan. 34% May 8% May 4% Feb. 16 2% 2% 1% Sale % 2% 18 6 3% 20c 4% 3% 19 7 25 18 27 11 May 12 May 14 24 26% May 11 25% May 11 May Feb. Jan. May Mar. Jan. Jan. % 2% 6% 3% % 1.29 3.50 19% Jan. Mar. 3% Mar. 2% Apr. % Feb. 3% Feb. 6% May 4% May % Jan. 5 Jan. 26% May 25% May 7 Apr. 90c Feb, 3 Apr. 94 % May 11 May 23 May 28 8 May 11 38c 20 18 2% Jan. Apr. Apr. 35 Apr. 11 31 1.15 Jan. 1 May 4 May 31 2% Jan. 23 14% Apr. 7 24 May 15 Mar. 3 4 15 1 2% May 8 1.50 May 21 Apr. 65c 14% Apr. 13 1% May 31 8% May 7 28 Apr. 25 4 23% Jan. 1 4 35c 45c 15c 18% Jan. 9 5 3 Mar. 28 5 1.40 17% % 1 2% Sale 10% May 25 1.25 25c 40c 10 Feb. 1 18 2% May 1.25 1.00 25c 1% 11% 1 % May 33 23 5 2% 6% 13% 1 20c 6 15 Jan. 25c* May 15 43c 2% 49c 22 Feb. 3 May 25 24 59c 1.14 90c Jan. Jan. 2 9 3% May 2 70c Jan. 22 44 Apr. 19 11% Feb. 6 16 10 — Sale 24% Sale 7% 11% 14% 1% Sale 2% 6% 20c 37c May 75c 10c 3% 60c Jan. 37 6% May 18 4 May 7 5 3% 2% 5% 11% % 10c 1 Apr. 1 —- 50c 1 100 Indiana Limestone 900 Indian Motocycle 100 International Pulp 100 150 Sale 19 Sale 15 25 1 500 Heilman (G) Brewing cap 1,100 Helena Rubenstein $3 pref..* * 31,100 Hendrick Ranch Royalties 1 1,400 Howey Gold Mines Ltd 1 6,900 Huron Holding Corp 1 5,800 Huron Holding C-D 200 1% % 19% 100 40c Mar. 94 % 1 3% 4 27% Sale 7% 8 55 6% 18% 1,700 Mar. 28 2% 1% May 21 1.00 May 19 2% Sale % 1% 4% Sale 32% Sale 8% 9 1.20 1-29 50c 4,600 Golden Cycle Corp cap 1,000 Grenada Gold M Ltd cap._.l II,400 300 1 % * 10 65c 1 May 31 25c 9 2 5 1% % 1% 7% Mar. 16 Apr. 19 4% Apr. 24 4% Apr. 23 10 Mar. 2 2% 6% 10c 2 May 25c 50c - 700 300 15 2% 3% 1% Sale % Sale 3.50 4.00 6% 7% 200 1,500 .5% 25% 22% _ 1 200 Frank Fehr Brewing pref Fuhrmann & Schmidt Brew.l 4 3 % May 1% May 31 8% May 7 1.50 1.00 10c 1.05 Sale 1% 40c 7 60c 2 5 3 % May 1% 1% 4% 1.50 3% 2 70c 16% 15% 6% 4% % 4.00 Sale Sale 3 15 1 1.00 1 May May 35c 30 2% 3.00 Jan. 3% 1 May 3% Apr. 30 13% 1% Sale 9 9% 30% 33 30% Sale Sale Sale 5 4 Jan. 30 5% May 50c 4% May 21 3 May 4 65c May 31 3 2% Jan. 4% May 4% May 28 May 18 4 May 31 40c 12 1% May 25 53c May 7 58c 52 1 2 7% 4% Sale 1% 2 65c Sale 1.45 50c 3% 9 2 5c 4% May 6 rights Flock Brewing Harvard 1.15 4 3 9 Jan. May 12 Feb. 1 9% Mar. 8 36c Feb. 24 1 Jan. 2 4% Feb. 8 3% Mar. 19 5% Apr. 5 9c Feb. 8 May 21 1.00 43% May 18 2% 45 26,800 "I'M 1.30 4 2* 13 1% 2 1 100 First Boston Corp warrants. 11",300 11 10 Jan. Mar. 9c 43% May 18 Sale 36 1 1 166,600 Fada Radio & Electric 3,100 FalconbiidgeNickel Mines..* 35 Federal Water Serv 6% pref.* 2,800 % 13% Sale 30,900 Eagle Bird Mines Inc cap_„.l 100 Sale % 10 Brew of Plttsbgh.5 600 Eldorado Gold Mines Ltd 77,900 Elizabeth Brewing Corp 12% Sale 2 9 44% 5% * 30,500 Davison Chemical 1 1,500 Dejay Stores Inc 114,600 Distilled Liquors Corp cap.5 5 11,100 Distillers & Brewers cap 1,500 Dividend Shares Inc cap_.25c 2,800 5Vs 5 Jan. Apr. 18 % 4% 2 May 18 20c May 7 % May 11 2% May 10 2 % May 5 60c 1H * * 5 6 Jan. % May ----- 2% Engineeiing.._l 324,500 Como Mines 341,800 Croft Brewing 100 Duquesne "lMOO 1.85 May 12 1 9 % May 3 3% 3 1% Sale 10% Sale 30% 32% 35 10c 300 Drug Inc cap 5,000 1.50 6 May 12 6 43% 28 18 40 May 24 Apr. 6 May 23 24 30c 14 13 33 3 May 14 1 50c 30c 5 B 200 Combustion 700 1.15 * Inc 56c May 18 35% May 5 59 May 2 35 21c 52 9 4% Sale Sale 96 100 Central Public Util v t c 600 Chemical Research 1,800 Clinton Distilleries 500 10,300 Sale 18 20 100 Columbia Baking 1st pref 800 9% 11 2% Sale 6 % 4 12 16% 22% 25 15,300 Carnegie Metals Co cap 15,200 Central Amer Mines cap 2,300 1,900 35c 100 1 ..1 100 Campe Corp 6% pref 2,300 52,300 % 43c 25c __ 100 Columbia Baking Co 35,555 Sale 3 20 * Brewers & Distil, Ltd, v t c__* Brewing Corp of Canada * Preferred * Bulolo Gold Dredging Ltd__5 Cache La Poudre cap w i 9~~ "8 55c 45% 7 % 4% 2% May 2 May 23 May 23 3% 2% 3% 3% 35c 85c 70c 400 Bond & Mtge Guar cap 150 Bralorne Mines Ltd... 125,000 15,900 2% 2% 1 26,300 Betz, (John F,) & Son 13,000 B-G Sandwich Shops inc—* 35,000 Black Hawk Cons Mines cap.l 10,200 4,600 60c 50c 2 Sale 4 4% 3% 35c 30c 15c 1 1 300 Berghoff Brewing Corp 55c 46c 40c 500 Bear Expl & Radium Ltd cap 1 * 85 Beneficial lndus'1 pref A ~"Io Sale 4% 3% Ltd..l 1 cap...-. 5% Sale Sale 9 15c 20c % % 2% 2% 1% Sale 3% Sale 5c 7c 4 4% 40c 50c 18c 2 5c 5c 4 50c 1 Sale 9% Apr. 19 6% May 23 3% Feb. 16 78 Apr. 25 33 May 18 35% May 5 60 Apr. 25 43 38% 6% 2% 76% May 12 May 31 May 18 May 15 May 10 May 21 6 1% 7% Sale Price \ 38% May 2 6% May 23 3 May 5 May 24 May 24 May 23 33 31% 6% 2 10 5% 1 % 8% Highest. Lowest. Sale Prices. Par Shares. 100 ABC Brewing I,500 Bagamac Rouyn Mines 13,000 Bagdad Copper Co._ Highest. Sale. Prices. 38% May 2 6% May 23 2 % May 23 43 40 6% 2% 79 36% 32% Sale ... "2",700 Ask. Bid. 39 37 Lowest. Sale Prices. May 31. 1. May 1934. 8,000 Amer La Fr Fire Eng 5%s. 193 6 1,000 Appalachian Gas c d 6s.-1945 1952 10,000 Central Pub Util 1956 5,000 Florida Power5%s B 2,000 Fox Metro Playhouse 6%s '32 173,000 Fox Metro Play c d 6%s__1932 10,250 Shamrock Oil & Gas 6s..1939 "2,600 1. Price 8- 2,000 1,000 3,000 RANGE SINCE JAN. PRICES IN MAY. YORK PRODUCE EXCHANGE Jan. 2 May. __2,892,450 31 Jan. 1 to May 2,860,231 $5,000 59,00Q $95,875 May 1,159,626 Shares 550,659 4,056,005 .... 1933. 1934. Bond Sales. 1933. 1934. Stock Sales. May YORK PRODUCE EXCHANGE SECURITIES MARKET ON THE NEW RANGE OF PRICES ON Mar. 16 45c 6% Jan. % Jan. 5 17 1.06 Feb. 21 30c 19% Feb. 13 % May 11 2% Feb. 23 Feb. 3% May 2 3 May 18 6 Mar. 3 11% Jan. 25 May 1 6 % Apr. 2 2% Jan. 1% May 17 35c Jan. 19% Feb. % May 4% Apr. 1% Feb. % Mar. 27 13 11 20 6 5 14% May 17 1 Apr. 20 1 Jan. 15 4% Mar. 9 2 May 18 ) June, 1934.] NEW YOBK PRODUCE EXCHANGE AGOREOATE SALES In NEW YORK PRODUCE EXCHANQE Since Jan. 1. May. Share*. PRICES IN MAY. STOCKS 1934. Par. 51,300 dinner Airplane & Motor...* 5,500 Kuebler Brewing Co 1 1,200 100 Lincoln Petroleum Ltd 100 Lockheed Aircraft """loo 100 McVirtie-Graham """800 21,000 Macassa Mines Ask. Bid. Ys 1.25 Sale 2 3* 15 Sale 23* 1.25 60c 80c 40c 2.80 2.40 2.60 43* Textile 2% ' 21,000 * Newton Steel Co * 124,150 Oldetyme Distillers cap.. 1 cap 300 Oneida Brewing Co 2,900 O'Sullivan Rubber 7 305,700 5,100 1,500 500 600 Paramount Publix Corp 460 Potter Co 1 1 A 43* 33* Sale 1 6 20c 35c 1 75c cap 5 1 Sherrltt-Gordon Mines Ltd.l Simon (Wm) Brewery .1 Siscoe Gold Mines Ltd cap..l Squibb Pattisn Br part pref.l 100 Texas Gulf 35c 1.65 1.90 13* 4H 1.20 1.00 1 1.35 2% ,2,650 United Merch & Mfrs 200 U '""260 * v 9,605 10,500 Van * Metal & Tunnel 1 Swerlngen Corp ..* 1,700 Victor Brewing........ 600 Warner Aircraft 1 800 800 Preferred 1,900 500 Zenda Gold Mining 35* Sale 25* 3.50 5* Jan. 1.00 Feb. 13* May 31 Ys May 3 13* May 7 May 1 May 17 May 15 83* May 1 23* May 7 85* May 26 4 5 3* May 2 11 14 29 23 43* May 1 43* May 13* Sale 2.00 2.35 13* Sale 13* May 4 2.25 May 4 13* May 25 13* May 2.25 May 15* May 323* 40 1.25 1.45 3* 25* 4** Sale 43 50 2.55 5X Ys Sale Sale 52 2.80 10 293* 8 45* 283* Sale 293* Sale 93* 23* "13* 11 3 105* 63* 53* 63* 6 2 12c 1 1.30 30c 26c 33* 75c 3* 90c 1 13* 100 30c 1 25c 5* 23* SOc 1.05 13* 38c" "48c" 30c 48c 2 H 5* 5* 30c 33* 35* 21c 49c 13* 50c 15* 2^ Sale Sale 25c 34c 31c 16c 25c 2 May 11 23* 33* 33* 15* 29c 2.30 May 7 2.65 May 65* Mar. 7 23* Apr. 17 1.13 Feb. 23 11 May 11 35* Apr. 11 3* Feb. 23 25* Apr. 23 4.00 Apr. 4 3* May 1.30 Apr. 7 1 Ys Apr. 2.60 Apr. 19 1 5 7 23 33* Jan. 13 3.07 Jan. 2.17 Jan. 23 Feb. 1.50 1 3* 43* May 15 283* May 18 11c May 7 73* May 10 1 May 8 93* May 10 4 53* May 1 293* May 21 29c May 4 75* May 7 23* May 5 11 May 3 6 May 15 25* May 20c 63* May 2 26c Jan. 15 Jan. 16 Jan. 11 63* Feb. 27 May 7 73* May 10 1 May 8 93* May 10 2 35* May 7 May 25 19 11c Jan. 23 6 May 15 43* Jan. 10 1.13 Jan. 17 May 23 Jan. 26 14c 13* Feb. 24 1.15 Feb. 13* May 16 1 3* Jan. 12 13* May 16 5 40c 25* May 14 May 24 15c May 14 •3 20c 40c 31c May May May Mar. ,25* 1 1 4 May 14 18c 15c 23* 5c 8 5* May 26 68c Mar. 16 1.30 xveb. 40 45c 3 10c 18 Feb. 23 13* Mar. 36c 27c 2 Jan. 13* Feb. 24 1.00 1 Ys X 30c 6 4 13* Mar. 24 3 23* 75c^ 33* Feb. Jan. 2.15 Sale 6 2.90 Mar. 12 43* May 1 1.00 Jan. 15 5* Jan. 12 1.45 Jan. 31 6 3 1.05 13 20 1.30 Feb. 13 3.07 Jan. 19 2.17 Jan. 23 3.15 Mar. 1 2.17 Apr. 2 2.35 53* 1 103* 2.10 5 Feb. May 22 15* 15c 4 Mar. 16 Jan. 3 3* Jan. 24 25c May 29 2.00 42 2.65 Sale Ys 15* 5 43* Jan. 1 Mar. 16 1 4 13* May 31 13* Jan. 13 1 4 1 TOO T.20 53* Feb. 16 39 May 15 63* Jan. 2 11 lH 4 2 May 11 33* May 2 49c May 4 25* May 1 25 5 May 3 3* Feb. 11 3 Jan. May 25 May 23 15 13* May 33* May 25c May 2 May 193* J an. Jan. Jan. 1.13 11 7 93* Mar. 20 83* Feb. 6 1.00 Feb. 25c 5 16 2 15 68c May 22 Apr. 13 13* May 31 3* Mar. 9 1 May 15 3 3* Feb 27 4.10 1.60 £3S,500,000 in the Bank of nJi 29c 25c finally moved down well below England and £123,000,000 in in circulation. The gold movements to and from the United States are out¬ as follows in the "Monthly Review" for June 1 of the New York Federal Reserve Bank: lined "During the month United States preceding of declined months May the imports of gold into the considerably, as compared with since the inward movement began in February. Purchases of imported gold by the New York Assay Office during May amounted to $27,300,000, of which $9,403,000 came from India, $8,400,000 from Canada, $7,400,000 from England, $1,500,000 fro;m Mexico, and $400,000 from France. On the Pacific Coast there were imports of $2,600,003 of gold from China. Gold held under earmark for foreign account at the Federal Reserve Bank New York showed a net reduction of $450,000 during May. Releases totaled $3,000,000, of which $1,750,000 was exported to England and the balance was sold to the New York Assay Office; these releases were largely offset by an earmarking of $2,550,000 of gold, which was imported from In addition, there were receipts of scrap gold Colombia. by the mints and. assay offices which averaged about $1,500,000 a May 23 May 9 May 3 1 6 9 Feb. 2 May 14 Jan Jan. 9 29 19 3.15 Mar. 1 2.17 Apr. 2 425* Apr. 5 3.20 Apr. 2 3* Jan. 19 7 Jan. 30 325* Apr. 20 29c May 4 75* May 7 Apr. 17 3 15 Feb. 2.44 Feb. 19 6 63* May 2 43* Jan. 12 53* Feb. 16 50c Feb. 5 15* Feb. 24 1.15 Feb. 1 15* Apr. 19 15* Feb. 23 50c Feb. 53* Ys Ys 33* 1 Feb. 16 Feb. 5 Feb. 13 Feb. 14 25c Jan. 29 No par value. the other banks and of 3 2 Sale (.Continued from page 18d.) of 11 26c 23* _._..* 2,000 Wayside Consol Gold Ltd.50c 5,600 West Indies Sugar...... 1 138,700 Willys Overland 5 Certificates of deposit 9,200 .5 15,900 L 2.50 15* 2 200 Venezuelan Holding Corp..* 100 Ventures Ltd » 100 3.50 4.00 4 3* Sale 1.00 1.30 2.25 S El Lt & Pr Shares tr ctfsB 93,200 Utah 700 5 1.00 93* Sale 1.60 3 4 14 3 Apr. 2 Ys May 31 14 4 May 23 15* Jan. 2 8 25* Apr. 70 Feb. Mar. 20 3 Feb. 63* M ay 4 5* Feb. 10 33* Feb. 10- 1C 6 5* May 5 70c 3 Ys 50c IH 1 t c 200 U S Fidelity & Guaranty 200 Universal Cooler A ' 1.10 11 13* 800 United Distillers of Canada.* 650 35* 25c 45* 25* 80c 2 Ys 23 53* May 1 Ys May 31 1.25 45c 23* 73* May 25 13* May 31 5* May 3 1 May 15 23* Sale 85* Sale 43* 13* 33* 23* * Producing Co 1,225 Tobacco Prod (Del) new comlO 39,900 United Cigar Stores of Am__l 1,000 Preferred 100 1,000 700 26c Ys 1.00 9Ys 35* 31 31 14 3 33* May 15 BB 93,700 39,900 3 1.00 7 2 5 12 39 May 26 13* Feb. 19 23* Feb. 21 2 5* Apr. 4 9 Feb. 35 1.10 15* May 16 34 38c Sale 25* 5X 10 Feb. 3* Jan. B 100 Sylvestre Utilities B 13,600 80c 15* 83* 25 Sale 7 * 150 Swedish Ball Bearing__100 kr 18,800 Sylvanite Gold Mines Ltd__.l Mar. 16 Jan. 1 AA 400 X 55* Sale 5* 13* Sale 23* 43* 25* Sale 83* Sale Sale 1 100 Sudbury Basin Mines 200 Super Corp of America A.. 3,500 1 33* May 5* May 65* May 4 May 33* May 5* May 4 23* May 21 2.90 Apr. 23* May 14 63* May 4 5* Feb. 10 95c 13* 3* 32 H 15* May 33* May 15 45* 70c 5 40 1 300 100 1.25 Ys _* common 55* 33* Sale Ys Sale 2 * 100 Seaboard Fire & Marine InslO 500 75c 3 __1 400 San Antonio Gold Mines 300 1.25 * * 1 1,100 55,200 3,900 11,600 45* Sale Ys 5* Ys 1 H 1 2,400 Rhodeslan Selec Tr Ltd .5 sh 140,300 Richfield Oil Co of Calif....* 9,700 Rustless Iron & Steel com * 20,606 Sale 15* 4 Sale ..1 100 * 75c 3* May 29 2 1.07 Jan. 2 4 73* Sale 1 500 Read-Authier Mine Ltd 400 Sale 15* Sale 35* 3 700 Renner Co 100 Reno Gold Mines Ltd 100 Retail Stores capital 4,100 2,100 4 4 Feb. 2 25* Apr. 12 183* Jan. 30 3* Jan. 24 May 26 23* May 63* May 1 2 3* Feb. 20 1.15 Mar. 21 23* May 21 1 23* May 14 6 Ys May 4 4 1.07 Jan. 1.95 Jan. 4 9 55* Vs 1Ys Ys 10,300 Remington Arms Inc 100 39 Jan. 13* Jan. 17 1.15 Mar. 21 63* 5 73* 1 5* cap 76,600 Railways Corp new com 313,300 Rayon Industries class 2,406 25c 23* May 21 2.60 May "I 353* May Sale 35* Sale 1 4,400 Polymet Mfg Corp 11,400 68,800 2J* May 21 5* May 8 May 15 70 13** 63* Ys 10 250 Pittsburgh Brewing com 240 $7 preferred. r.200 17 1 1 Paterson Brewing 10,500 Petroleum Conversion 2,800 Petroleum Derivitives " 53* J 100 Pend Oreille Mines & Met 2.700 Penn York Oil & Gas A "2". 700 2 '"2".45May"i2 1 3* 4 53* IX 63* IX 35* Co Inc._1 100 Pan American Southern 29,000 3* May 7 May 15 3 33* 2 10 500 Nevada Consol Copper 100 2 1 X 23* 25^2 5X 3 50 Nat'l Union Fire Insurance 50 100 Sale Prices. 6% preferred..........-.10 400 National Liberty Ins... 31,900 National Surety Co cap 2,300 38c 13* 23* 7 Sale 38 1 5* 13* Highest. Sale Prices. 2% 5 Sale 35c * Lowest. Sale Prices. Ys 2 X 1.25 2* 1.00 6 35 Ys 20 Highest. Sale Prices. 60c 2.50 4 2 stock purch. warr 20C Molybdenum Corp of Amen. 1 100 Morris Plan of Am 1 29,700 1. Lowest. Ask. 23* 1.00 200 ""500 May 31. 75c 1.95 400 Metal 4,200 Did. 23* 1 200 300 Ask. 35c 2 1 new 320 3,200 Maytag Co. 20c 1. __1 Mines Ltd Bid. May 1 100 Macfadden Publications Inc * 56 pf * 600 Magnavox Co Ltd * 70 RANGE SINCE JAN. Price Jan. 2 Share* 1,700 57 week, and receipts of newly-mined domestic gold which averaged around $2,000,000 a week." Canadian exchange continued the dollar, and funds on relatively firm in terms of were at a slight premium throughout the month. On May 1 Montreal funds were at a premium of rA%. The range during the month was from 1/16% to 5/16%, and on May 31 the premium was 5/16%. EXCHANGES. Exchange on the Continental countries receded during May from the high points touched in April. The French franc occupied the outstanding position, and while the unit the export position. ing the entire month the franc was Dur¬ firm in terms of sterling, and apparently moved down in terms of the dollar only cause of sympathetic relationship of the franc to the be¬ pound. Funds which had fled from Paris and the Continent imme¬ diately before and after the French political disturbances in February were rapidly withdrawn from around the mid¬ dle of March until the close of May. Funds returned to Paris in such volume that money rates became easier, and May 31 the Bank of France reduced its rediscount rate from 3% to 2V2%. The 3% rate had been in effect since on Feb. 8, when it due to fears was advanced to offset the heavy gold drain by the political unrest. The rate on excited French to Treasury bills was also reduced on Mav 31 from 2y2% 2% because of the improved situation. Gold and other money continued throughout tlie month to reach the French bank from gold hoardings, both from those hidden in France and from the equally large accumulation on deposit in London. According the end of the month French to London deposits in London bankers, were at drawn down to the closest limit consistent with ordinary business Between April 27 and May 31 needs. Montreal THE CONTINENTAL AND OTHER FOREIGN and below par point for gold from New York to Paris, the action of the franc throughout the month gave proof of the great return of confidence in the soundness of the French approximately £8.172,000 of gold France. from the was taken from London for shipment to Approximately £6,771,000 of this gold London open market, and the was balance deposit vaults of the London private banks. France statement for the week ended May 4 showed in gold holdings of 420,959,337 francs. The May 11 showed that the for following the The Bank of crease ment for taken from an in¬ state¬ increase of 431,019,023 francs; week an increase of 478,228,636 an francs, and the statement for (Continued the week on page 60.) ended May 25 an Chicago Stock Exchange AND YEARLY MONTHLY 934,000 Jan. 1 to 6,394,000 May 31.... 6,363,000 CHICAGO 8TOCB In Since May. Jan. 1, 43", 000 17,000 14,000 EXCHANGE /?' Jan. 2 NDS Ask. 43 34 43 34 47 % 47 54 1,350 260 1,400 600 ""600 3,700 2,470 2,300 340 ' 640 2,300 $6 prior preferred ""850 10 J6 preferred 7% preferred 19,500 70,020 Automatic Products 790 Automatic Washer 270 120 Backstay Welt Co 40 "l",850 14",200 18,250 130 50 27,950 160 950 "l",I66 260 350 10 50 10 51,250 130 200 80 930 12J4 42 49% Sale 32 42 Sale 7% 1 2% 2% Sale 6 8% 12 9% 10% 12% 3% 3% 3 7 1 9 1,350 160 450 600 4",800 1,210 820 50 47 Jan. 13 Apr. 10 • ..• * * common 50% 39% 13% 4 25,650 Central S W Utll com new * 5,060 Prior lien preferred • 4,050 Preferred. » 170 Central States Pr & Lt pref.* Jan. 9 5 2% May 16 2% May 23 May 7 17 May 2 2034 May 22 10 Jan. 10 Jan. 21 18 20 20 % 8% % 3% 3 60 10 % 6% 2% 6034 Sale % 6% 61 Sale 61 3 22 18 17% % % % % 7% 1% May 1 May 21 May 29 May 29 2% May 7 61 May 29 4 34 May 26 1634 May 23 8% % 6% 58 9 6 12 5 50 65 50 17 17% Sale 8% 154 Sale 2 3 22% Sale 98 92 8 8% n% 6 15* 10% 10% 7% 2% Sale Sale 8 2% 1% 3% 23% Sale Sale c Sale 4 3 12 12% 14 14% 14 14% 6% 1% Sale 6% 2% 22% Sale" 103% 106 11 10% % 10% 3 334 1354 634 134 334 2034 1033* 1034 May May May May May May May 14 17 10 19 14 8 25 5,050 Chicago Flexible Shaft com.5 29,050 Chicago Mail Order com 5 50 Preferred 40 Prior Hen com.. 11 14 '47% x Ex-dividend. 1% 3 13% 15 5% 8 12% Sale 5*f Sale1 2% % % Sale 1H H o i* 5* Sale 5% Sale 4 Sale 10% Sale" 3% 47% 8% Sale _____ Sale 3 7% 22% 8 Sale % Sale 12% 7% 3% 18 8 18 19 Sale Sale 14 Sale Sale 8 16 8 % % % H Sale % 14% 6% 1% 15% Sale 11% 1 16% 10*4 % % 34 Sale 34 % 1% Sale 1634 Sale 6 83* 5% - - 17 1154 85 % 8% 11 Sale 11 3% 20 sV< % % % 234 % 2% 26-Ms 7% Sale Sale Sale 26 10 10 Sale 10 % i% i% Sale 26% 12 10% 16% % % 15 Sale 13 Sale % Sale 1 X i% 2% Sale Sale 23 3% 9% 15 100 100 173* 8% 1% 334 24% 10634 11 May 1 May 11 May 2 May 19 May 4 May 3 May 1 . Mar. 19 1 Feb. 14 Jan. 13 154 934 Jan. Jan. 12 12 May 8 3 Feb. 6 Mar. 19 60 May 12 Apr. 21 10 Feb. 6 23 15 Feb. 23 13 54 May 14 1 23*4 Feb. 1134 Jan. 30 634 May 17 134 Apr. 33! 20 % % % % % 1*4 1*4 % % 7% "j.l 8 2 3 Jan. 13 10 5 4734 May 31 4 Jan. 4 31 2 Jan. 4 Apr. 63* Jan. 1234 Jan. 2 13 Apr. Jan. Feb. Jan. Jan. Jan. 5 2554 754 9% 1234 2 1 3 2 5 34 May 18 34 May 12 17 7 Feb. 15 23 334 Apr. 203* Feb. 6 6 Feb. 21 24 Apr. 28 134 Feb. 1 85* Feb. 15 1454 Apr. 23 1 54 Feb. 2 54 Feb. 6 54 Feb. 2 2 Jan. 24 3 17 Jan. 30 2 1334 Jan. 27 Feb. 23 8 1754 May 10 34 May 8 Jan. 74 2 12 Jan. 2 i* Jan. Mar. 21 1*4 Jan. 223* Jan.. 8 8 Feb. 13 25 Jan. Mar. 7 2 12 534 Apr. 20 7 8 Jan. 14 8 1634 Jan. 26 954 Mar. 15 7334 Jan. 10 1 May 1 May 9 May 1 May 24 May 1 7 4734 May 31 1254 Apr. 24 16 *4 Jan. 254 May 10 May 25 2634 754 May A May 14 1054 May 7 *15 3 Feb. 5 45* Feb. 1654 Mar. 14 1 2 3 Mar. 12 % Jan. Jan. 4 Jan. 1754 May 1034 May May Mar. 26 17 134 May 4 1634 May 22 93* May 21 7 May 18 May 12 9% May 7 5 15 54 554 634 34 34 34 17 23 Feb. Jan. 34 May 1 8 May 1 11 May 1 3* May 11 3* May 1 May 2 May 7 534 May 7 63* May 21 1 Jan4 154 Jan. 95* Jan. 1034 Jan. 6 % May 12 8 May 1 10 May 10 34 May 11 34 May 4 1 Feb. 3 334 2834 93 Jan. 19 10634 8 1134 Jan. 13 34 34 Mar. 3 Mar. •5 2054 May 14 334 May 12 May 1 8 May 3 223* May 1 14 6 Feb. 53* May 25 May 14 May 1 May 29 May 29 14 4 15 20 17 25 12 8 18 Jan. 4*4 May 24 4734 May 31 834 May 14 33* 1334 734 183* 3 29 29 29 29 26 4 3* 1734 195* 34 % 123* Jan. 4% Sale 100 preferred 7 6 Feb. 61 15 115* May 1 334 May 7 12% May • 9 14 May 28 434 May 24 4734 May 31 1134 May 4 934 May 29 2% May 14 11 May 21 14 May 28 "6% 3 73 • 63* May Feb. 34 634 6034 3 34 May 29 May 7 Feb. 50 53* May 25 6 13 9 5 May 12 23* Feb. 21 23 9 6 May 18 . Feb. 26 25 Jan. . 18 1 27 11 24 19 May May Jan. May May May Feb. Jan. Feb. Apr. May Feb. Jan. 1% May 12 7% May 18 1% May 2 5 6 8 8 11 17 834 Jan. 34 % % 34 23* 134 _____ "11% 5I" % May 2 634 May 11 134 May 12 Sale 2% 3 106% 107 11 Jan. 15 ' 13 34 Jan. May 29 3* May 14 34 May 23 64 5% 7 6% 6% Sale 9 160 Chicago Electric Mfg A May 8 May 2 May 29 May 29 May 15 61 May 29 43* May 26 1734 May 4 1034 3* 634 60 34 33* % May 14 % May 23 12 20 Jan. 18 % % 1% 5134 May 4734 Feb. 16 Apr. 4 May 454 Jan. 934 Jan. 2034 Feb. 15 134 Mar. 9 3 234 Jan. 22 45* 76 Common • Participation preferred * Certificates of deposit Chic Corp common...1 Preferred 6 Jan. 434 334 7 . No par value, Mar. 28 2 Sale % 1% 1% Sale 2 14 com... 330 Chic Nor Sh & Milw • 4 85* Jan. 20 1 .._* 40 3833 May 4 19 Mar. 28 5 Mar. 20 4 2754 Jan. 3834 May 3 1734 Feb. 16 40 1 3834 May 26 11*4 May 26 3 May 3 13 1 380 Cherry Burrell Corp com. 20 Preferred .....100 Chic City & Con Ry— 2,350 8 85 Jan. 5134 May 18 4234 May 5 1334 May 25 4 May 11 3 3* May 4 48 % May 14% 234 330 Chain Belt Co 800 20 Feb. Apr. 25 Jan. 3 Mar. 20 10% % % 170 37,450 Feb. 14 Jan. 17% l pref* 5,150 Common j 5,250 Convertible preferred. * 2,630 Central Ind Power pref...100 4,300 Cent Pub Serv Corp A 1 6,150 Central Public Utll A * 810 V t c common 1 253,400 11 83 May 934 Jan. Apr. : 14 9 % % 5 com 49% 37% 10% 3% 2% % 6% 1% * conv 195* 34 3* 54 3* 1,590 Cent Cold Storage Co com.20 5,010 Central III Pub Serv pref...* 10 4 19 5 17 100 32,000 5,200 May 17 May 1 534 May 21 26 16 59% 4% 2 34 934 1,050 Campbell Wyant & Can Fdy * 1,870 Canal Const Co conv oref... • 4,500 Castle & Co (A M) com 10 250 5334 Apr. 6 54 May 17 19 34 Jan. 27 24 May 28 30 15 Sale 52 50 .. 50 27 12 13 11% Apr. Sale 59 3 3* 390 Balaban & Katz pref 100 37,450 Bastlan-Bleaalng Co com... • 20 Beatrice Creamery com 25 156,600 Bendlx Aviation Corp com. 5 108,550 Berghoff Brewing Co 1 3,270 Blnks Mfg Co cl A cv pref..' 170 Blums Inc conv oref • 214,600 Borg-Warner Corp com 10 2,320 7% preferred 100 3,000 Brach & Sons (E J) com • 30 Bright Star Electric B _* 3,200 Brown Fence Wire cl A • 4,210 Class B • 10,800 Bruce Co (E L) com • 450 Bucyrus-Monighan class A..* 150 Bunte Bros common.. ...10 10 Preferred 100 446,900 Butler Bros jo 3,200 Jan. 27 54 Cent III Secur Corp— 1,050 26 54 83 4 10 X % 16 3 3^ __10») 57 cumul prior pref 500 20 5 » 5,330 Assoc Tel Utll Co com 760 S6 conv pref A 20 $6 cum prior pref 40 13 20 Jan. 3 85 10 30 113* 403* 27% 2,670 Assoc Tel & Tel Co Class A.* 150 13 39% Jan. 53 49% Feb. May May May 53 Prices 4934 Apr. 26 5 44 12 10 38 * 50 60 49% Apr. 4634 Jan. 2 795* 27 34 Sale Tar 31,950 Asbestos Mfg Co com J 300 Associates Invest Co com.__» 20 84 795* May 9 86 5 15 160 . 434 May 11 51 Sale Prices Sole Pr & Lt Real Tr 6s__1938 • Altorfer Bros conv pref * Amer Furo Mart Bldg pfd.100 American Pub Serr pref..100 Amer-Yvette Co Inc com 1 Armour & Co common 5 200 200 3,100 12 25 21,550 Allied Products Corp cl A. "l",206 5234 5234 85 80 17 4,750 Adama Royalty Co com • 22,145 Advanced Alum Castings...5 100 Ainsworth Mfg Corp com.. 10 1,320 434 5% 934 77 X 1939 4,500 Abbott Laboratories com. • 18,050 Acme Steel Co 25 3,060 Adama (J D) Mfg com * 110 1. Highest. Lowest. Highest. Sale Prices. Prices. Sale 48 4834 56 54 15 634 47 54 Sale 7 10 13 10 47 52 52 55 60 2000 STOCKS Shares 18% 50 7 4a. 1938 208 So La Salle St Bldg— 1st mtge ; 1958 67,000 1945 1,000 Union Elev RR 1st 5s 5,000 Utll 5034 5034 5234 52% 5 ... 1,000 Magnet Mills 6s 443-3 44% 49 h 14 . 45 51 49 48 50 40 Ask Bid Ask Bid 35 1927 1,000 Cal & So Chic 5s ctfs ..1927 47,000 ChicHgu City Ry 5s Certificates of deposit.1927 64,000 1927 5,000 Chicago Railways 5s. 1st mtge 5s ctf of dep.. 1927 67,000 5s series A 1927 42,000 5s series B -_..1927 18,000 Purchase money 5s 1927 7,000 23,000 Metrop West Side El. Shares. 600 RANOE SINCE JAN. Lowest. May 31. 1. May 1934. 2,000 Holland Furnace 6s 15,000 376,000 31 Price Bid. 9,000 18,000 Jan. 1 to May PRICES IN MAY. AGGREGATE SALES. 1933. $156,000 640,000 $121,000 May 3,547,000 Shares 1934. Bond Sales. 1933. 1934. Slock Sales. f . CHICAGO STOCK EXCHANGE RANGE OF PRICES ON May RECORD 1234 May 7 34 Mar. 21 34 Mar. 2 34 May 18 Jan. 6 134 Mar. 7 30 5 313* Feb. 15 Apr. 3 4 Jan. 1054 May 24 19 Feb. 5 34 Mar. 21 34 Mar. 2 34 May 12 June, 1934.] AGGREGATE SALES In May. Shares 10,350 ii~650 120 540 80 STOCKS 70 Community Pow & Lt $6 pfd * 290 Congress Hotel Co com—100 400 Construe Mat'l Corp |3^pfd* 20 950 . 910 7% 300 """200 30 20,350 Preferred n5* 310 10 """230 JAN. 100 9 25 8 40 88 30 eH X 3X 1. 6 65 34 25 7X X 4 May 26 X May May 5 4 X May May Jan. 22 25 Jan. 6 8 44 May 10 May 14 7Va May May May 9Va May 595* May 98 May 56 14 85* May 14 55 May 10 98 May 25 2 10 Jan. 24 23 14 1 Sale OX 6 4 May 28 6 Feb. 4 Feb. 115* Feb. 40 5* Jan. 63 4 X May 75* Jan. 17 17 25 OVa May Jan. Jan. Jan. 5 24 14 6 4 X May 44 5 7 30 26 Mar. 85* Jan. 115* Jan. 655* Jan. Jan. 90 Jan. Mar. 25 7 25* Mar. 7 100 25* Mar. 55* Mar. 2 18 Feb. 5* Jan. 2 8 5 19 22 5 85* Apr. 5* Jan. 7 5 12 26 26 14 Jan. Feb. 62 45* Jan. May 26 Va Jan. 10 May 26 4 6X 7 Mar. 22 1 5X Sale 85* Sale 2 Feb. May Apr. Apr. 80 May 45* Feb. 5* Jan. 25,- 85* 9X 155* 5* 5* 175* 15* Jan. 5* Jan. 15 Apr. 4. Sale Sale Sale Sale Prices. OX Jan. 3 5* Mar. 10 5* Mar. 17 2Va May X May 2 16 May 28 57 May 2 56 55* 8 May Va May 12 HiQtiest. Prices 17 J* May 2 80 May 14 4 2 55* 9 Ys 58 X 929* 90 Sale 10 4 6 48 45* 495* 2 Sale 2 19 51 20"" 12 Lowest. Prices 25 X 16 Sale 12X May 16 71 May 31 2Va May 14 Va May 7 15 May 23 49 May 31 80 Sale X 20 Highest. Prices 8X May 14 X May 12 X 155* 4* M a Sale IH Sale 25* 65* 415* Sale 75* Sale Preferred 6,490 ......100 140 Cudahy Packing Co pref 100 10 Curtis Lighting Inc com * 960 Curtis Mfg Co com 5 9,700 44 Sale 10 2X 555* Sale 10 11X 365* 345* Sale 45* Sale 2 Sale 18 — ..... * com.. ........ 70 Sale 5* Sale 9X 80 2X 5* 1% ... 253,700 Cord Corporation.. 118,200 Crane Co com 76 'iwx::::: Lowest. Ask X 13X \ 10 May 31. Bid Ask 11X Sale X X X 135* Sale Sale H 100 pref 7,210 Continental Steel cum Bid. Ask 7 5* 10,500 Consumers Co com 5 530 6% prior preferred A_._100 100 May 1. 1934. Bid. Par • 290 Coleman L'p & Stove com...* 100 62,900 Commonwealth F.dlson 7,800 RANGE SINCE Price 300 Chicago Towel Co con* pref * 204,100 Cities Service Co com 7,190 Club Aluminum Uten Co 23,300 59 Jan. 2 89,950 Chicago ft N W Ry Com..100 90 Chicago Rys part ctfs 1 100 690, Partic certifs 2 100 55,350'Chic Rivet & Machine cap-.* 10 EXCHANGE PRICES IN MAY. CHICAGO STOCK EXCHANGE Since Jan. 1. Shares STOCK CHICAGO 7 Mar. 16 l>ayton-Rubber Mfg— 10 180 Preferred. 210 110 70 900 180 20 Common - 7 30 Fits Simons ft ft Dredge Co 2,800 2,500 2,550 50 * 50 13 13 5 3 • ... 1,100! Hormel 1,250 2,650 ft Co (Geo) * * * 5 X 35* * * A..* com 400 10 20 4,650 200 600 8,300 Kalamaxoo Stove "'"130 100 20 110 2,150 40 210 50 100 4,200 50 50 50 150 20 40 25 100 11 12X IX 2X 105* 115* 60 X 70 7 X Sale com 5X 130 1,450 100 Cumul. 120 8,550 3,300 71,550 3,850 2,950 18,550 13,500 4,760 320 30 450 ""800 1,950 400 • No par value. • • 1 com ...100 com.. .. * com * North Amer Gas ft El cl A...* Nor Amer Lt & Power com.. 1 Nonhwest Bancorp com * Northwest Eng Co com * Nor West Util pr lien pref.100 7% preferred .100 i r Cash sale. 5X 17 25 Sale 2X 19 X Sale Sale 80 20 Sale 88 Sale 45* Va X 20 28* X 125* 115* 215* 325* 5 May May May May May 55* 5* 5* 20 May May 18 May 795* May 45* May 75* May 11 May 28 85* Apr. 11 135* Jan. 17 Feb. 2 Feb. 20 Jan. 17 4 Jan. 75* Mar. 22 165* Apr. 9 105* Mar. 17 85* May 5 6 14 85* Jan. 3 X Jan. 155* 5* 165* 55* 5* 35* 13 5* 1 ~ 5* May 16 May 9 May 17 14 17 14 15 21 16 22 55* May 6 6 3 2 25* 5 2 35* 4X 18 Sale 40 X 14 h 18 31X 95* 4X Sale Sale 32"" "33" 13 X Sale a8,* 25* IX 34 165* 3X 3 10,. 2X 4 29 Sale 10 19 X 24 X ::::: 2* 1 Sale \H 2X\ IX1 40 21 Sale . _ 12 X 4 Sale 7 Sale Sale 15 2X 4 38 10 13 8 4Va 19 X IX 2X IX 56 255* 355* 10 14 Sale 95* 40 45 185* 15* 325* 155* 35* 2 35 16 21 14 5x 15* 2 10 IX 15* 2 15* X X IX Sale 3 OX Sale 75* 12 Sale 15* 5 7 375* 40 10 15 125* 11 10 5X 22 X IX Sale 3 2 90 Sale Sale Sale 1 12 45* ' 19 15* 2 15* 515* 25* 2 90 24 25 5* 135* 4 2X 4Va 5X 35* 6 2 3 2 7 Sale 15* 15* 15* 135* 45* 5* Sale 35* 5 55* 3 Feb. Feb. Jan. 3 27 30 354 Jan. 6 OX Jan. 26 4 Jan. 2 425* Jan. 19 May 11 17 15 May 7 155* May 13 May 24 May 35 May / 55* May 28 2 28 11 17 17 45* May 12 5* May 7 65* May 5* May Jan. Jan. Jan. 20 Jan.V 9 21 Jan. 11 May 3 10?* May 9 May 10 205* May 8 15* May 8 34. May 8 17' May 1 35* May 1 May 3 85* May 9 May 10 185* May 29 15* May 8 34 May 8 135* May 14 3 5* May 4 8 2 15 15* May 21 May 22 15* May 29 3 May 2 105* May 12 15* May 3 5* May 1 5* May 16 5* May 1 1 May 7 5* May 7 15* May 11 5* May 1 May 14 Va May 1 1 May 7 Va May 7 15* May 4 24 10 23 May 16 May 14 115* Jan. 3 2 70 Mar. 28 45* May 14 6 Apr. 2 9 Feb. 2 5* May Mar. 15 3 Jan. 2 5* Jan. 3 8 Mar. 2 Apr. 271 15* Jan. 22 4 32 Jan. 10 Mar. 1 Apr. Jan. 5* 5* X 5* 5* 1 Jan; Jan. Jan. Jan. May Jan. Jan. Jan. Apr. Jan. Apr. Jan. Jan. May 15 Jan. 2 Jan. 5 29 1 16 23 2 25* May 14 15* May 3 25* May 14 15* May 3 1 May 15 May 1 May 14 May 22 25* May 31 35* May 22 4 May 15 45* May 23 2 May 7 255* May 15* May 14 May 5 May 25* 45* 5 5* 45* 2 Jan. 19 15* Jan. 11 15* Mar. Feb. 1 26 Jan. 2 Jan. 2 13 21 1 5* 5 1 al2 1 1 45* 5* May 4 May 2 May 4 May 22 May 7 .... 45* Mar. May 5* May 15* Feb. 46 235* Va 125* 45* 7 35 125* Jan.i 35* May 5* Jan. 5* Jan. 19 15* May 3 Jan. May 22 Jan. 2 /15* Jan. 2 35* May 22 4 May 15 35* Jan. 26 1 Jan. Apr. 28 9 May Feb. 16 265* Jan. 30 2 Feb. 7 23 15* May 24 6 Mar. 405* Feb. 10 5* 19 May 23 5* May 16 28 13 24 6 11 14 2 5* Feb. 55* Feb. 20 20 5 May 18 395* May 29 95* May 15 125* May 12 11 May 29 May 29 5* May 16 3 26 8 47 May 12 May 11 95* May 15 125* May 7 95* May 11 4 36 Feb. Jan. Jan. Jan. Jan. Mar. 5* 5* 75* 95* 25* 25* 205* 95* 95* 95* 8 5 1 1 25* 35* 405* 145* 15* 1 15* May 75* May 15 May Mar. 13 Jan. 27 285* Feb. Va Feb. 3 Apr. 75* Apr. 15* Feb. 45* Apr. 35* Jan. Mar. 22 165* Apr. 3 275* May 14| 21 65* Feb. 5 235* May 22 88 May 21 95* Jan. 20 75* Apr. 12 12 May 11 7 21 1 1 May 7 75* May 5 12 May 31 Apr. 1.55* May 28 165* Jan. 30 275* Feb. 5 38 Apr. 23 55* Apr. 23 25* Jan. 5! 235* Mar. 13 2 44 11 3 2 5* May 8 25* May 3 45* May 7 18 May 7 355* May 25 75* Feb. 6 70 May 23 26 May 11 175* Jan. 30 5 11 1 7 25* May 8 25* May 9 45* May 29 175* May 7 275* May 14 44 Jan. 145* Jan. 17 11 Apr. 21 55* 23 5* 5* 25* 35* 35* 45* 3X 45* ----- 2 13 5 Mar. 14 7 Apr. 70 25* ----- 16 14 4 26 1 2 9X X Jan. 95* Feb. 135* Jan. ,9 May 15 _ i* 195* May 24 9 Jan. 1 5* May 7 21 May 12 16 14 15 8 14 10 15* Sale 5* ,5* 5* Sale 5* Sale 5* 5* P Sale 5 X Sale IX Sale 4X Sale 3X 6 2X 1 IX 3Va 15* IX X X X Sale X Sale Va Sale X 7Va 2X 20 X 35 10 ----- 1 Sale 2 5 Sale 34 9Va 45 3 Va IX 95* 20 8X 40 20 X 4 18 Sale ..L. 10 15 5 19** 33X 2 16 Jan. Jan. 6 2X 2Va 175* Jan. May 7 May 23 Va May 7 21 May 12 1 1 5 15* Feb. 22 16 11 May 15 May 31 18 18 Sale 2 32 5* Feb. „ 5* Jan. 22 3 Apr. 28 4 32 Mar. May 10 May 12 Feb. 7 Feb. 20 Jan. 2 5 May 16 5 May 28 105* Jan. 4 5 5 18 14 X May 31 16 1 65* Sale X IX 15 13 29 12 15 May 1 25* May 1 235* May 22 88 May 21 65* May 1 75* May 18 12 May 11 2 3 82 90 6 X 15 10 11 Jan. Mar. Jan. Jan. 20 25 19* com.* pref North American Car Ex-dividend. MX 16 13 3 pref.* National Union Radio com..l Noblitt-Sparks Ind Inc com.* x 12 l8 100 0% preferred National Standard 400 1,150 7,000 15 2 100 3,050 Nat Secur Invest Co 400 i",056 conv. 14X 3* Nat Republic Invest Trust— 360 13X 12 Sale" X 410 National Battery Co pref * 3,450 Nat Elec Power A com.. * 70 7% cumul preferred......* 27,000 National Leather com 10 100 66 125* 14X Sale May 31 May 3 May 29 May 7 23 1 100 1,300 Nachman Springfilled 600 70 10 X 26X 5 25 X 12 3 1 prior lien Preferred 6% A Preferred 7% A conv 25* 75* 65* 185* 28 May 15 175* May 11 35* May 14 00X Sale 36 * 14 Sale 26 460 Mosser Leather Corp com * 4,500 Muskegon Mot Spec cl. A...* 400 5 345* 55* 450 Mohawk Rubber common * 1,200 Monroe Chemical Co com.. 370 Preferred 80 Mountain States Pr pref.. 100 50 7 ----- 24 7% 520 4Va Sale 325* 45* 165* 105* 25* 3X May 16 May 28 May 17 16 23 preferred....* 1,700 Miller ft Hart Inc 3,185 Modlne Mfg com 18 17 J* Sale 17** 8 13,030 $6 conv. pref. "A" • 6,250 Midland United Co com • 1,000 Convertible preferred.. 350 Midland Utll t% pr lien..100 825 6 245* X 520 340 Sale Sale ..... 250 Middle Western Tel class A.* 419,981 Middle West Utilities new. 130 8 X Jan. 30 15 22 17X 26 240 Metropol Ind Co allot ctfs... 33,550 Mickelberry's Food Prod coml 40 10 X 19^ 30 37 30 2.650 100 14 10X 19 X 55* 23 J* "l",250 182,200 5,400 1,050 5 3 OX 45,400 Meadows Mfg Co com 6,950 Mer ft Mfrs Sec cl A com " 5 6 22 490 McQuay-Norrls Mfg com.... • 26,200 McWilliams Dredging Co * 1,250 Manhatt-Dearborn Corp com* 560 Mapes Cons Mfg capital....* 63,600 Marshall Field ft Co com...* 450 Material Service Corp com. 10 1,250 0 5 23 1,330 McCord Rad & Mfg "A" * 19,130 McGraw Electric com.......5 40> 8 5X 2X .... 110 65* May 7 20 X 2,900 Loudon Packing common...* 31,900 Lynch Corp com 5 3,550 May 12 May 11 OVa May 2 145* May 18 9 May 2 185* May 1 X May 9 195* May 1 195* May 24 7 21 7% preferred 50 3,150 Lindsay Light com .10 1,400 Lindsay Nunn Pub $2 pref..* 3,850 Lion Oil Ref Co com.. • 2,900 12 10 22 8 12 8 10 12 2 5X 11X 85* 17 Va 165* 13X 7X 1 200 50 OH * 185,180 Llbby, McNeill ft Libby 10 1,500 Lincoln Printing Co com ._.* 400 100 May May May May May May May May May 15 55* 65 7X X Cumulative Sale | 6 Va ..5 10 45* Mar. 31 5 17 65* 640 Lawbeck Corp 6% cum pfd 100 160 Leath & Co common.. » 10 oX4 ivxay Z6 8X May 23 14 X May 31 19 10 com pref 1,840 La Salle Ext Unlv 7X 50 90 Kuppenheimer cl B com....5 300 16 id May 14 6 7 X iviay May 155* Sale 100 conv 6 15* Jan. 8 5X Jan. 12 35* Feb. 10 12 May 1 19 11 Preferred... 160 Kirsch Co 335* Apr. 20 10 Apr. 26 55* Apr. 20 Feb. IX May 28 May 2 May 3 12 May 1 7 4 12 55* 5H 12 X Sale 85* Sale 17 H Sale Va Sale 175* 18X 17 X Sale • 14,900 Kingsbury Brewing Co cap.l 10 Sale Sale Sale Sale 15 14 • 1,560 Kentucky Utll jr cum pref.50 7,050 Ken-RadTube ft Lpcom A. .* 8,950 Keystone Steel ft Wire com.* 2,550 10X com com 8,700 Kata Drug Co com 2,450 Kellogg Switchboard 50 Preferred 100! 1X May 29 May 23 May 7 12 May 1 6 55* 17 v t c. 4,000 Jefferson Electric Co 1.100 4 * 15,650 Iron Fireman Mfg Co 2Ya Sale 20 OX OH 13 Ya Sale 8X 9X 18 X Sale H Sale 19 X Sale 13 Va Sale 65* 75* 45* 6 10X 15 24 Va 28 165* 18 11 X Sale 35* 4 25 S6 preferred 15 Sale 13 X * 430 Illinois Nor Utilities pref.100 3,670 Indep Pneum Tool * t c 320 Interstate Power $7 pref * " 265* Feb. 6 ----- Sale 19 45* 10 6,450 Illinois Brick Co 60 31X May 24 45* Feb. 8X 14X Sale ----- 18 10 11,050 Houdaille-Hershey class A..* Class B * 35,250 250 7X 12X 45* 5X 185* 21 % Sale 20 Va Sale 65* 7X • 700, Hart Schaff ft Marx com..100 260 Hibb Spencer Bartlett com.25 50 IX OH 4X 12 X 15 9 * com 450 Harnischfeger Corp com 3,400 Hart-Carter Co con* pref. 150 4 7 6 Sale 12 8X 9X ..5 46,950 Greyhound Corp com 156,650 Grlgsby-Grunow Co com 31,900 Hall Printing Co com 50 Hammermill Paper com ~i",156 IX OX 55* 17 X ..... 315* May 24 10 Dock com.. Utll 2 ~3X "5" * 10,100 Godchaux Sugar Inc cl B 52,100 Goldblatt Bros Inc com 39,800 Great Lakes Aircraft A 49,200 Great Lakes D & D com 2,050 150. Connell 172,400 Gen Household 500 3,550 17,100 • 34 5 6 * 5 790 Gardner Denver Co com 22,700 General Candy Corp A 1,650 15,250 IX 10 w w 31X 5 75* —* 840 Eddy Paper Corp (The).. 21,450 El Household Utll Corp 3,900 31X 7 * 430 De Mets Inc pref 40 265* 100 common 920 Deep Rock Oil conv pref 6,990 Dexter Co (Thei com 910 150 Prior Class A common Decker (Aif) ft Cohn— 10 Apr. 195* Apr. 5 Mar. Va Jan. 45* Feb. 105* Apr. 35* Jan. 15* Jan. 5* Feb. 25* Feb. 5* Feb. 28 4 20 2 15 6 25 9 17 23 6 15* Feb. 6 2 Feb. 2 Mar. 24 9 15* Feb. 27 15* May 105* Feb. 8 16 5 Apr. 26 3 Feb. 10 21 85* Feb. Apr. 23 105* Apr. 27 40 15 Feb. 28 145* Jan. 30 55* Jan. 23 9 Feb. 3 Va Feb. 16 Jan. 3 2 25* Feb. 24 25* May 14 IX Apr. 27 46 Feb. 26 275* Feb. 19 15* May 5 16 Feb. 5 65* Feb. 7 1 5 Feb, 45* Feb. ori JHU. 6 *4 75* Mar. 2 75* Feb. 24 5 Jan. 26 Price STOCKEXCHANGE Jan. 2 Since STOCKS Jan. 1. Co com Oshkosh Overall Co-— • Ontario Mfft 16,630 Common 3,050 Parker Pen Co Preferred 10 ... ... 6 7% 23 1 23 % 5 3,400 Pines Wlnterfront com • 13,150 Potter Co (The) com... __* 22,750 Prima Co common.. * 1,250 Process Corporation com • 21,000 Pub Serv of Nor 111 com Common 60 5,850 6% preferred 100 3,680 2,420 7% preferred 160 Sale 38 % Sale 64 11954 Sale Sale 123 24% 2H IH 22% 2H 1 5 3 Preferred 100 90 * 120 Richards Co (Elmer) pref 250 Rollins Hos Mills conv pref.* 82 42% ♦ 4,660 Sears Roebuck A Co com. 370 Shaler Co (The) class A 780 Signode Steel Strap Co pf_30 Southern Union Gas com * 3S* 700 Soutbw GAE Co 7% pref. 100 690 Southwestern Lt A Pow pfd_* 16 h 156 256 1654 6754 72 3 156 256 1454 1654 4756 43 41 58 1056 Sale 156 2 656 ----1 23A 56 Sale 5456 28 Sale 60 61 14 256 Sale" 46 61 150 St Louis Nat Stockyards cap * 51 8,150 Standard Dredge conv pref.* Common 1 2,750 25 1,800 Storkline Fur conv pref * 52,500 Stutz Motor Car com.. 1,030 Sutherland Paper common. 10 25 221,250 Swift A Co stk .15 105,700 Swift International 4 Sale 356 354 1% 4% Sale 56 556 1 5 420 Telephone Bond A Share First preferred 180 1656 2956 % 7% 254 Sale 356 1554 A.* 100 25 654 Sale Convertible preferred 2,500 U S Gypsum 256 ,H. 1 • 20 ... 44* 19,450 Utah Radio Products com..* • 18,400 Utility A Ind Corp com Convertible preferred....* 22,410 300 Utilities Pow A Lt Corp A..1 1 Common non-voting 150 820 Viking Pump Co common Preferred 610 12,000 4,950 Vortex 15,300 Wahi Class * * • • • ... Cup Co com A Co com .... * 89,150 Walgreen Co com Stock purchase warrants.. 520 6)4% preferred .100 30 • 8,490 Ward (Montgom; A Co cl A.* 1,270 Waukesha Motor Co com.. • 2,150 Wayne Pump Co com Convertible preferred 3,770 611 Western Pow Lt A Tel cl A..* 40 l'A 54 Sale 1% 2 3 254 % Vs 156 156 456 356 154 o 37 1* 1156 Sale Sale 27 1 % Sale 8454 Sale 80 89 2054 % 1H 154 Sale 2656 Sale 456 156 54 l._ 2% 111 Sale Sale 356 8* 10 15^ 154 3 254 * pref.* Yellow Cab Co Inc (Chic)..* . . * 84,850 Zenith Radio Corp com 254 % 2 3 Common new 6,800 3,600 7,750 value. Yateu-Amer x Macb part Ex-dividend. (Continued from r 1154 354 Sale 11 1 1 356 May 14 May 29 May 16 1054 May 14 May 14 156 May 14 24 May 8 27 2 2754 456 3 56 May 7 4056 May 29 56 May 4 May 23 May 1 156 May 4 156 May 4?6 May 1 40 254 1156 356 4 256 3 ' 1 1256 Sale 1456 256 111 May May 32 May May 1 May 5 56 May 8 254 May 8 254 May 8 56 May 10 56 May 10 15 May 3 12 May 14 354 May 17 354 May 17 Sale 56 1454 Sale 256 May 56 May 13 May 2 256 May 29 3 30 25 Miar. 9 4 Jan. 2 Jan. 3 1954 Apr. 20 May 7 54 Mar. 15 15 100 54 Mar. 15 3 1056 May 1256 Jan. 13 554 Mar. 27 Jan. 3 May 25 854 Feb. 6 8 7 Jan. 156 Jan. 22 656 Jan. 22 16 Jan. 20 Feb. 15 7 756 May 23 May 21 Feb. 15 1156 Apr. 10 13 Mar. 16 256 Feb. 7 7 Mar. 20 3 Feb. 5 254 Mar. 12 60 Mar. 14 32 Mar. 16 61 May 17 5 554 Feb. 256 Jan. 16 654 Apr. 11 6 1054 Feb. 40 65 41 51 1 Jan. 11 56 Feb. 7 Jan. 3 40 1654 Jan. 2 Jan. 17 50 9 254 Apr. 56 May 456 Jan. 1 8 May 22 4 656 Jan. 10 14 Jan. 24 Jan. 5 12 Jan. 756 Jan. 654 Jan. 56 Jan. 1 54 Jan. 56 Jan. 56 Jan. 4056 May 256 Jan. 56 Jan. 56 Jan. 3956 Apr. 1054 Feb. 5-a Jan. u- 29 12 23 30 4 1 May 28 Jan. Jan. Feb. Jan. 5 6 2 4 156 Jan. 23 Feb. 854 Jan. Mar. 25 1 Jan. 17 56 Jan. 156 Jan. 10054 Apr. 88 Jan. 2356 54 154 56 1056 3 5 May 23 Jan. 24 256 Jan. 2 6 Feb. Feb. 554 Feb. 156 Feb. 15 6 7 16 1 1 2956 May 31 1256 May 31 May 29 29 256 Feb. 15 4 2854 Apr. Feb.' 6 5 102 Apr. 16 11554 Apr. 23 5 Feb. 4 256 May 29 4 _ 1 50 35 11 56 Jan. 19 Apr. 24 Apr. 24 1 Mar, 1 Feb. 6 Feb. 4 56 May 854 54 54 5054 356 Jan. Jan. Jan. Jan. Jan. 256 Jan. 56 Jan. May 56 May 1656 May 19 356 May Jan. 8 1856 Feb. 19 3254 Apr. 20 356 Mar. 8 1656 Apr. 20 56 156 4 54 54 29 3* "1256 Sale 56 56 256 Jan. 7 2656 Apr. 2 54 May 28 9 1456 Jan. 90 5 May 29 2956 May 31 1256 May 31 29 May 29 154 May 1 27 May 28 101 31 29 4 * 4 May 23 May 1 May 28 May 16 5 11056 Sale 156 456 1 250 Williams Oil-O-Matlc com...* Wisconsin Bankshares— com 556 May 99 100 32 28 1 40 29 29 156 2656 156 2 18 12354 Jan. 16 5 2 12554 May 2456 Jan. 29 156 Jan. 15 3 1 Apr. 154 28 5 Sale 56 May 56 1 29 18 Jan. 354 5 456 2956 Sale 1256 Sale 4 May 31 56 May 7 40 56 May 29 39 5 39 154 Sale 3 56 354 36 454 454 156 27 2 115 1554 May 23 8 May 1 3 156 356 256 5 Sale Sale Sale 154 1 ^ 256 M 756 Sale 3 356 24 54 8 54 1% 28 Sale 2554 Sale Apr. 356 1756 754 16 7.651 Wleboldt Stores Inc No par 356 15 44* 45* 350 United Gas Corp common..1 • 270 United Ptrs A Pubs com 120 3056 Sale 454 1954 Sale 5 106 2 Sale 15 Sale Sale Sale 8 Sale 754 10 8 7% Sale Sale 5 15,950 Thompson (J R) com 3,050 Transformer Corp of Am com* » 3,510 12th St Store pref A Stock purchase warrants.. 740 ..♦ 1,050 20 Wacker Drive S6 pref * 800 Union Carbide A Carbon * 1554 May 23 754 May 11 456 14% 2754 2 3856 Jan. 156 May 156 May 58 May 2 3154 May 8 61 May 17 356 May 8 156 May 6 May 454 May 8 May 1756 May 3256 May _ 7 4 - 6 156 May 12 156 May 56 May 23 52 May 23 28 May 31 61 May 17 3 May 3 56 May 1 6 May 8 4 May 22 756 May 7 1456 May 14 2854 May 14 354 156 4 Sale 656 456 554 5 3 Jan. May 12 156 May 12 8 May 4 Jan, 4 Jan. May 10 Jan, 10 --- 154 8 11 1356 Jan. 13 756 May 23 May 21 4656 May 2 12 60 1 3 Jan. Feb. Apr. Jan. 1654 Apr. 26 5 Jan. 3 43 Feb. 5 3254 Jan. 31 256 Feb. 6 754 Apr. 11 1254 Jan. 30 356 Feb. 13 22 Feb. 6 22 Feb. 7 65 Feb. 27 71 May 22 3 Jan. 34 65 1056 May 31 70 44 57 2256 J 40 May May May 19 May 2 May 3 May 22 1056 May 1754 May May 10 May 16 May 25 7 754 60 156 656 Sale 71 1056 May 3 1556 May 23 1956 15 754 62 May — 1056 1854 12 Jan. 56 256 756 154 May 1 656 856 256 1856 1756 27 2456 98 1056 9 23 3054 May 5 10854 May 21 11254 May 5 12256 May 2 12554 May 2 2556 May 21 2656 May 3 2 May 7 356 May 356 1 May 5 156 May 10 156 May 3 3 254 May 28 3 1 1654 May 1454 May 29 16 May 7 100 May 7 100 123 1456 47 12 20 6 Sale 112 Sale 48 in 90 Slvyer Steel Castings com.. 50 So Colo Power class A com_25 14,350 61 356 156 3 6 6 8 Common 3 1754 50 Sale ..... 60 2656 2554 ..— ,1* 5% 40 100 ... 156 1656 1656 98 .... 12% ._..* 1,080 Sangamo Electric Co 15 h 16 2,600 Ryerson A Sons Inc com...* 8 Sale Sale 112 115 14 560 1556 May 10 2756 May 11 56 May 11 4 May 21 756 May 19 154 May 10 16 May 7 1656 May 7 57 May 7 6256 May 3 456 856 256 18 18 454 Sale Sale 60 30 5 1 Sale 34 * Preferred 7 19 6 5 3 2 854 Feb. 22 Jan. 456 Jan. 17 56 Mar. 24 15 J 2756 Jan. 856 Sale 256 Sale 1754 Sale 1654 1754 13% Sale 13 % Sale Common. 10 520 1456 May 30 26 a 6 4 8% 3% 3 10 vtc 50c 350 Reliance Internat A com Reliance Mfg Co 1956 May 854 May 9 8 1456 Sale 3454 3654 3054 Sale Vs 154 Sale 2% 7% 8,170 Quaker Oats Co com—.—. Preferred 100 2,690 45,250 2 7 8 8156 May 22 14 Feb. 7 10 3 354 Jan. May 28 5 7 May May 19 MOO .... 8,750 Raytheon Mfg Co com 6% preferred v t c__ 5,200 Sale 1 * 700 Peoples G L & Coke cap..100 5.650 Perfect Circle (The) Co 850 Rath Packing Co com 5 4% (The) com..10 370 Peabody Coal Co B com Penn Gas A Elec A com 12,300 456 May 456 Sale 20 1956 Highest. Sale Prices 6054 Jan. 856 Jan. 8156 May 22 May 10 80 12 1056 454 Sale 1754 10% 854 9 Vs 1 1454 1556 it* Convertible preferred 590 80 0% 13 "fii Sale Prices sale Prices Ask Ask. hta 68 100 Bia Ask Bid, 7% pref Okla Gas & El Lowest. Sale Prices Highest. Lowest May 31. 1. May 1934. Shares 1,000 1,050 JAN. 1. RANGE SINCE MAY. PRICES IN CHICAGO aggregate sales. - EXCHANGE STOCK CHICAGO 60 Mar. Feb. 2 29 156 Jan. 6 Apr. 21 1 Jan. 27 1856 Feb. 16 4 Feb. 28 4 Feb. 5 156 Feb. 6 1656 May 19 5 Feb. 5 Cash sale. page May 1 and May 31, inclusive, was 57.) 379,391,467 francs. This last amount was the twelfth successive weekly increase, which brought the aggre¬ and the period to 3,537,382,816 francs. The holdings on May 25 were 77,465,582,262 francs, compared with 80,950,775,958 francs a year earlier, and with 28,935,000,000 francs in June 1928, when the unit was stabilized. The bank's ratio on May 25 was at the between a high of 23.53 low of 23.34. trends increase of gate increase for bank's total gold high point of 78.51%, which compares with 77.89% a year and with legal requirement of 35%. The par of the franc, new dollar valuation, is 6.635c. per franc. On April 21 the franc rose to as high as 6,695, well above the export point for gold from New York to Paris. ago was shipped on an exchange basis. The promptly dropped to 6.65. On Friday, May 4, Paris cable transfers closed at 6.63 (parity). On May 11 it closed However, no gold unit 6.61%; on May 25 at 6.61, and on It closed on Friday, June 1, at 6.58. The range for the month has been between 6.64% down to 6.58%. The export point for gold from Paris to New York is estimated at from 6.57% to 6.58 (6.59% being estimated by the market as the "no profit" gold point). The estimated at 6.61%; on May 18 at May 31 at 6.58%. a in May from of the year. of its own, independent of the swings in the other major currencies, due largely to the self-contained strength of the Italian eco¬ nomic position and to the steady improvement in business conditions. Foreign exchange traders in New York reported that the, lira market was very thin and in small volume, and that there was an almost complete lack of spot lira throughout the month. Such a condition would, of course, tend to impart strength to any foreign currency, despite major influences affecting the market at large. In addressing the Chamber of Deputies toward the end of May, Premier Mussolini took occasion to affirm Italy's adherence to gold and asserted that those nations which had abandoned the gold standard would return to it. The Italian exchange control issued a decree about the end of Italian lire presented no decided changes prevailing in April and the earlier part Italian exchange appears to follow a course exchange operations in Italy genuine industrial or commercial requirements or the necessities of travelers abroad. New York bankers interpret the Italian foreign exchange decrees export point for gold from New York to Paris is 6.69%. as tangible evidence that the members of the Continental Belgian exchange, a gold bloc unit, followed closely the gold bloc are determined to maintain the gold standard and trend of the French franc, to which it is intimately allied. the stability of their currencies in terms of gold. Dr. Y. The par of the belga is 23.54. On April 21, following the course of the French franc, the belga rose to 23.72%. The Azzolini, Governor of the Bank of Italy, at the last annual meeting of the Bank for International Settlements, also belga closed on Friday, May 4, at 23.48 for cable transfers; made positive assertion of Italy's determination to mainon May 11 at 23.42; on May 18 at 23.44; on May 25 at 23.43, and on June 1 at 23.34. The range for the belga between April forbidding all foreign except those arising from (Contmued on page 61.) Philadelphia Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON PHILADELPHIA STOCK EXCHANGE Stock Sales. May. 1933. 1934. Shares 1 to May 31 AGGREGATE SALES. Jan. 1. 91.200 4,000 BONDS 1934. Bid. Delaware Elec Pow 54S--1969 Elec & People* tr ctfs 4a_1963 May Ask. 26 4 174 Sale 274 264 Sale Certificates of deposit. 23 1,000 14,900 7,000 99 (Pa) lat a f 4s_1966 1st 58 1966 Phila Elec Pow Co S4i._1972 3,300 Phila Reading Coal 5s___1973 1,000 Reading 4s .1937 1,000 St Paul adj 5s 2000 10,000 Shares. STOCKS 4,200 2,900 3,525 10,600 8,600 1,100 700 1,000 Lowest. 31. Ask. 254 Sale 244 1074 Sale 106 104 484 American * Securities pref Bell Tell Co of Pa pref 374 50 100 Budd (E G) MfgCo Budd Wheel Co 64 112 244 May 21 27 May 28 23 4 May 25 264 May 3 IOR32 May 25 101*32 May 25 Sale • 444 314 70 Co of N A 10 50 Minehlll A Schulyl Haven.50 2,600 Mitten Bank Sec Corp.....25 10,200 Preferred... 25 2,300 136,000 Pennroad Corp v t c * 86,700 Pennsylvania RR 50 1,425 Penna Salt Manufactur'g.50 225 25 Phila Dairy Prod pref... 25 Elec of Pa |5 pref.....* - 855 3,950 Phila 2,900 1,500 2,360 14.435 Phila 480 25 50 ctf of deposit 631 111 110 111 50 17 400 4,900 250 957 Shrere Ei Tucony 10 Dorado Pipe I Palmyra • 2,700 30 Union Traction - 50 375 100 1,500 499 I 50 No par. x 4 102 17 Sale 49 52 Sale Westmoreland W Sale 1024 14 24 34 44 34 Sale 164 Sale 44 124 4} 24 */, 44 39 converted, new Jersey A .seashore RR 5 12 8 .... 4 20 6 5 Jan. 15 34 Jan. 11 2 1004 Apr. 3 Feb. 105 Jan. Jan. 22 1064 Feb. 28 Mar. 2 634 Mar. 2 Mar. 1 994 Mar. 1 Feb. 5 224 Feb. 5 Feb. 8 854 Feb. 8 28 100 Feb. 28 16 111 4 May 24 24 May 14 284 May 13 57 May 7 4 214 4 18 4 404 May 15 3 314 Jan. 5 Jan. 15 Jan. Feb. 10 12 May 14 294 Jan. 51 4 Mar. 24 84 74 May 29 May 11 84 May 12 47 May 4 45 May 5 1124 May 18 4 May 5 4 May 5 174 May 16 184 May 8 93 5 2 Jan. 3 9 Jan. Jan. 2 Jan. 2 Jan. 13 494 Apr. 44 Jan. May 1004 Feb. 1084 Mar. 4 Mar. 17 4 May 4 Sale % 1 4 4 Sale Sale % 4 i 10 Sale 84 9 154 Sale 164 Sale 86 97 Sale 154 974 74 Sale Sale 74 94 54 Sale Sale 44 54 .4 84 May 8 May 154 May 97 May 74 May 4 May 14 May 6 10 12 10 24 1 29 • May 1 9 May 3 164 May 1 99 May 21 84 May 9 59 624 58 11 74 624 29 40 29 40 64 50 40 . ""94 6 104 May 11 6 May 8 60 May 5 32 May 29 104 May 11 7 May 10 60 May 5 32 May 29 Jan. 21 23 23 324 Apr. 27 13 May 1 154 Apr. 24 64 Feb. 21 294 Apr. 18 264 Apr. 14 47 Jan. Apr. 5 18 16 Jan. 24 31 8 24 14e Mar. 15 Mar. 16 1 Jan. 14s Feb. 17 114 Apr. 17 9 Jan, May 3 204 Feb. 16 99 44 Jan. May 21 84 Apr. 26 23 74 Jan. 9 6 Mar. 2 Jan. 9 53 1 44 Feb. 6 394 Feb. 614 Jan. 24 19 1124 May 3 1 Jan. 144 Jan. 86 1 20 105 *54 Jan. 5 6 12 20 19 494 Apr. 6 9 Apr. 25 4« Jan. 29 4 Apr. 24 1 8 18 24 25 10 Jan. Q3/ 8 5 20 4« May 17 % May 15 204 May Apr. 514 Apr. 104 Feb. 204 Feb. 51 Apr. 24 Apr. 34 Apr. 11 45 2 7 *0 74 Sale 4 9 2 1034 Apr. Jan. 304 Jan. 44 34 164 184 15 Mar. 14 22 100 4 Jan. May 11 May 8 May 3 May 1 May 15 May 9 May 28 14 Jan. 17 2 394 Jan. 6 54 Jan. 12 4 May 14 47 4 Mar. 22 8 15 14 25 30 514 Jan. 24 Apr. 23 89 1 34 May 1 33 May 2 584 May 31 Feb. 44 71 204 Mar. .8* 20M 20' 12 Jan. Jan. 6 134 Jan. Jan. 9 1174 Mar. Jan. 13 74 Apr. May 14 54 Jan. 34 Jan. 22 40 Feb. 2 14 Feb. 9 Apr. 24 May 24 May 18 74 434 47 39 74 1114 54 34 l»ie Mar. 15 50 Of 294 Mar. 24 Feb. 2 8 104 May 11 74 Apr. 11 60 Apr. 13 35 Apr. 24 German marks showed bf the most brilliant successes of finan¬ total amount of 61,392,000,000 lire to be demands for reimbursements amounted to a only or dollar about two lire per 1,000. parity of the lira is 8.91c. week ended May 4 the range for the lira During the between 8.53% 8.57; for the week ended May 11 the range was between 8.52% and 8.54%; for the week ended May 18 the range was between 8.49% and 8.54. The following week showed a in tone, with a range of was between 8.51 and 8.54. The closing week of the month showed the lira strong, with a range of from 8.49 to 8.60'. The unit ranged on May 31 8.50@8.53% for cable transfers. ness as during May. most > a decided tendency toward weak¬ Bankers regard the outlook for the mark unpromising. statements On several occasions during the month made in responsible German quarters clearly indicating the imminent probability of mark devalua¬ tion. For gold at and recovery Prices. 854 Apr. 6 294 Apr. 16 18 Jan. 18 274 Apr. 19 101*32 May 25 101*32 May 25 54 Jan. 30 484 Jan. 26 100,032Jan. 11 1032*32May 25 854 Apr. 154 Jan. Ex-dividend. 123,300,000 lire, The 2 14 May 21 14 May 22 112 Coal........* 117 York Rys preferred was one cial history. 24 24 102 4 103 Sale 1014 May 4 103 324 32 4 Sale 32 4 May 14 324 4 5 54 44 May 14 54 Sale 84 104 84 May 14 13 5 5 44 44 May 5 8 26 254 244 244 May 3 254 234 May 4 244 32 integrity. Tlie Italian policy has been carried persistently that the conversion last February of the 5% consols 14 25 57 12 May May 10 May 3 May 18 May 31 May " May 22 May 4 52 58 324 Sale gold out so 474 84 Sale 24 Sale 294 Sale 584 Sale (Continued from page 60.) tain 464 84 154 424 May 10 May 3 1174 May May 25 64 May May 14 44 May 5 May 2 40 May 7 2 May 28 May 28 404 May 15 45 444 May 25 484 81 2 82 May 7 194 May 204 994 May 28 100 474 May 14 514 % may 84 74 May 3 12 4 ■ May 14 174 100 49 24 Sale 24 24 } 404 Sale 47 474 834 86 19 4 20 4 99 51 494 74 Sale 49 93 82 20 184 304 Sale 50 ... 1,800 81 100 Sale Sale 14 if 44 4 474 24 Sale 304 Sale 584 Sale 224 30 1 226 Certificates of deposit..... 92,300 United Gas Impt com.......* 2,486 Preferred.... • 32,100 Victory Insurance Co.....10 200 Warner Company • 1,075 Westmoreland, Inc.... • 645 47 44 174 90 394 64 134 1 22,700 16,300 2 50 43,000 l onopah-Beiimont Devel 34,200 Tonopali Mining 1,900 . ' 15 85 25 Bridge... 200 Telephone Security pref 12,800 36 33 May 14 50 286 Scott Paper .♦ Series B 6% preferred 20 100 Series A 7% preferred__100 62 ~ Highest. Sale Prices. 1054 634 994 224 854 1114 May 24 1114 May 24 41 414 434 9 94 114 1164 Sale 54 64 54 3 4 4 34 394 Sale 384 2 2 24 ... 10 Reading Co 7,400 Reliance Insurance 1,165 - Pow pref 6,881 Philadelphia Traction 20 m. Elec 16,050 Phila Rapid Transit... 54 16,225 7% preferred 50 4,261 Phila A Reading Coal A Iron* 1,756 - 110 75 1,000 Horn 21,000 13,300 1. 100 1074 1084 1074 1084 454 32 27,100 i^high Coal A Navigation..* 11,078 Lehigh Valley 50 m— 100 6 1,668 Electric Storage Battery..100 6,375 Fire Association 10 1,600 4,010 1,682 m. 99 44 14 ... 250 Horn A Hardart (Phila) com.* A Hardart (N Y) com..* 100 Preferred 100 —'- 100 384 8 54 34 * 50 ... 30 • 99 Sale _* 13,200 Insurance JAN. par Stores.. Bankers 1,800 Central Airport 500 Sale 51 216 30 Lowest Prices 27 100 400 100 Sale 1004 Apr. 850 Cambria Iron 1,175 Highest. Sale Prices. 33 260 at Ma y Bid. Western Union Teleg 44s *50 Shares. 300 459,888 RANGE SINCE 1032732May 25 1032*32May 25 6,000 Peoples Pass tr ctfs 4s 1943 11,000 Philadelphia City 3^s.._1934 * Ask 800 Home Owners Loan 4s.1951 "5.656 1. Bid. 7,000 lnt'1 Hydroelectric 6s 1944 9,000 Liberty Loan 1st 44s, 1932-47 Phi la Elec 651,550 Jan. 1 to May 31 PRICES IN MAY. 800 1,000 $138,100 Jan. 2 S 2,000 516,400 34,750 1933. $115,100 Price Since May. 1934. May PHILADELPHIA STOCK EXCHANGE In Bond Sales. 1,138,269 ' 2,812.474 257,948 1,705,081 _ Jan. an were some months average the Reiehsbank has been rate of 20,000,000 reichsmarks a losing week. The mark is only nominally on the gold standard. * Unless reversal of the gold losses occurs promptly, and this a seems highly improbable, responsible opinion is that Germany will gold openly by July. The Reiehsbank state¬ have to abandon ment for the week ended April 30 showed a loss in gold holdings of 14,294,000 reichsmarks. For the quarter ended May 7 the loss was 21,415,000 reichsmarks. A further loss of 22,689,000 reichsmarks was {Continued recorded during the second on page 63.) Boston Stock Exchange MONTHLY AND YEARLY RECORD STOCK EXCHANGE RANGE OF PRICES ON BOSTON Jan. 1 to In Since Jan. 1. BONDS "8",066 15,000 43,000 27,000 64 31K 84 63,400 2,928 7,322 311 1,370 11 10 10 100 26 Sale 34 36 28 K Sale [Class A 1st pref stamped 100 11 7 Sale 13 Sale 10K 11 15 10 858 50 57 13 100 1st pref class C 1st pref class D 6% 950 cum pref 11 Conn & Pass 330 1,587 582 384 584 35 2,976 399 4,486 60c "1100 I.IlOO IIlOO 7 15% 15 % 100 N Y N H at Hartford 1,945 Old Colony... 23,660 Pennsylvania RR.. 1 6% IK IK 100 100 2 Northern RR (N H) 29 Norwich at Worcester "l00 Sale Sale IK 8K Sale Sale ..... 20 100 % Sale Sale 100 "1111.50 "76"" "78" 30 K Sale 97 25 8 16 7 23 9 15 1 % May 2 12 May May 2 % May 7 May 22 May 13 K May 13K 4K 2% 5 6 7% Sale 10 9 8 3 24 24 Sale 17K Sale Sale 32 K 100 130 101 Apr. Jan. 70 8 10 35 13 10 17 17 20 Jan. 99 May 3 104K Apr. 52 2 May 58 23 May Feb. 24 40 Jan. Jan. Mar. 19 7 56 92 May 10 Feb. 10 Mar. 8 2 25 17 19 14 19 12 15 3 102 K Jan. 10 108 May 1 May 1 May 7 May 11 May 2 May 1 May 8 May 9 May 7 109K Jan. 139 70 55 May May Jan. 7 Apr. 1 25 Jan. May 10 Mar. 25 15 13 K Mar. 16 7 10 May 23K Jan. 9K Jan. 8K Jan. 42 K Feb. Feb. If* Mar. 28 10 Jan. 21 Feb. 10 Jan. 19 Mar. 15 Feb. 15 25 May 9 Feb. 5 Jan. 150 Apr. 5 86K Jan. 3 102 10 May 14K Apr. 15K May 10K May 10 15 Jan. 9 7 May 21 May 11 May 21 May 11 97 2K Jan. 16 16K May 11 6K Jan. IK Jan. 7 Feb. 3 5 14K Feb. 27 K Mar. 15 Mar. 22 May 13 H May 87 Apr. 100 Mar. 10 3 Jan. May 8 113 % May 4 115 100 May 22 102 % May 29 1 28% May 14 32 K May 2 14 Jan. 1 May 11 16K May 11 5% May 15 3 May 11 10 May 3 24 May 3 17 K May 1 5 24 Mar. 17 85 2 24 Feb. 87 5 Apr. 13 May 8 102 K May 29 115 Feb. Sale 78 K Jan. 27K Jan. 39 Feb. 6 Jan. 120 Jan. 16 112 Mar. 29 120 108 26 28 30 9 18 3 9 41 132% 99 58 99K Jan. 29 % Sale 10 39 95 118K 101 Jan. 93 K Jan. 16 May May 24 102 May 11 97 100 .... IK 12K Sale Apr. Apr. 139 103 97 IK 12K 5K 2K 59 88 155K 100 114 24 Prov & Worcester Ry IIlOO 81 Vermont & Massachusetts 100 17 16 22 90 83 pf_100 .... 15K 92 100 Preferred 17,634 17 90 100 1,050 East Mass St Ry Co First preferred.... 5,092 Preferred B 1,724 Adjustment 1,252 1,741 Maine Central 308 86 K 100 Ry pref 12 19 153 K 136 May May May 17 May 10 May 15 May 15% May "l6K 18 10K 15 "36"' 15 10 10 17 100 27 10 ..... 17 Sale 15 Class D 1st pref stamped 100 .109 19 Boston at Providence Chic Jet Ry at U 8 Y— 6 15 12 100 707 130 10% 13 May 31 May 7 May 11 May 17 8 10 12 Class B 1st pref stamped 100 Class C 1st pref stamped 100 23 61 .... 1st preferred class A 490 912 . Sale 8 Sale May May 29 139 131 63 Sale 132 % 64 Sale 69 K Prior pref 3,153 4,551 295 356 23 138 56 105K May 16 108 Sale 11K 56 K ..100 259 Boston & Maine pref atpd.100 Common stamped 32 100 13 Sale 111 ...100 76 14 38 May 9 May 29 May 3 May 9 92 106 08 10 Feb. 89 May 10 56 80 94 90 Prices. 65% Jan. 35 52 Par Boston flt Albany.. Boston Elevated 53 52 .52 75 105 102 1935 STOCKS Shares. Shares. : P C Pocahontas deb 7a Sale 54 Highest. Sale Prices. 40 May 7 May 28 75 May 9 99 May 10 104 K May 22 52 58 May 31 99 99 K 103K 104K 103 47 45 49 K 50 50 Sale 103 % 105 49 51 52 37 K 37 K 60 Sale Prices. 1. 34 72% May 28 53 May 28 Sale 54 58 K "97" "I" 94 K Sale 42 38 57 K 439,650 Lowest. Highest. Sale Prices 58 35 88 93 K 38 2,000 Kan City Mem 5c Blrm 5s.1934 "5" 500 176 $138,400 RANGE SINCE JAN. Lowest. Sale Ask. Ask. Bid. 73 Bid. Sale 31 1948 Serlea D 6a 6,030 May 31 May 31. 1. May Ask. 66 K Bid. 385 "~6~, 606 Jan. 1 to 1934. 1948 133,900 Amoskeag Mfg Co ta 1946 78,500 Brown Co 5%e 5Ks 1950 24,000 29,000 Chic Jet Ry & U S Yds 4a. 1940 5a ..1940 129,000 270,000 East Mass StRR aerA 4)4 a 1948 Serlea B 5a .1948 82,750 47,000 5,000 3,373,867 1933. 1934. $160,200 834,100 , - — - - Price Jan. 2 $ % May PRICES IN MAY. 1 BOSTON STOCK EXCHANGE AGGREGATE SALES. May. 1,482,816 Shares 487,652 3,498,632 May 31 Bond Sales. 1933. 1934. Stock Sales. May 111 MISCELLANEOUS— 850 495 93 Amer & 5,024 8,595 4,706 951 729 17,444 1,542 20 Continental Corp. Pneumatic Service 25 Preferred jg _ First preferred..... 50 Amer Telep A Teleg...""ioo 61,046 " • 30,516 Amoskeag Mfg Co • 2,218 Blgelow-Sanford Carpet._ Preferred 398 40 1,284 1,165 Amer 172 Continental Sec Corp 100 987 Bast Boston Co. 20 First preferred 180 75 620 370 . 183 25% 1st pref allot ctfs Gilchrist * Co 1,115 Gillette Safety RatorCo"" 16,974 (Ihe) class A common. 30 356 Hathaway's Bakeries pref Helvetia Oil Co (T C) 1,770 Mygrade-Sylvanta Lamp^ 1,398 60 w 6% 58 47 46 8% Sale 40 42 96X 102 108K 5K 85 83 Sale 12 Sale 11 14 Sale 12 13 12 Sale 2K 5K 2% 9K Sale 55c 9 71% 66% Sale 9A 38 Sale Sale Sale 2% 2K 5K IK 7K 71K Sale 66 Sale Sale 8K 43 38% 98K 105 s* 17 7% 9K ..... 5 2 9K 139 Sale 11 Sale 20 K 1% Sale 3 May 7K May 22 May 118K May 2^ May 28 May 86 May 12 May 14 May 3 May 6 May 70 K May 23 64 K May 17 7K May 24 38% May 23 2 12 1 18 10 1 25 1 May 9 9 May 5 72 May 24 67 May 2 9K May 3 38 K May 23 103 Sale 22% 8K May 23 May May May May May May May May May May May May 60c May 24 7 K May 14 IK 139% 18 Sale Sale 18 17 May 9 May 2 May 22 131K May 14 140 11 May 1 11% May 14 21 3 21 May 10 1 22 K May 12 10K May 10 4 May 28 9K May 8 11K May May 22 May 3 May 22 22 20K May 12 21 IK May 18 10K 1 15c 23 25 * 1 IK May 16 3,059 10,834 • England -5 Sale 22 27 22 26 22 19 19 18 % 21 ... IK 21K 90c 21 IK 22 1 May 18 15 % 14K * 2% 3 6K 6 Sale 2 7% 5K 5% 1 % Sale 24 5 5K IK 22 5% 6K Sale Sale 19 12 9 21 1 25 15 K May 19 K May 19 1 22 May May May May May May 7 K May 5K 5K 1K 24 K May May May May 1 9 1 21 10 K % % Assenamant paid t tfl# 1 X ...» 85 Ex-dWklend a Sale r 95 % Oash fiaie. IK Sale K 92 Sale K May 21 Sale 89 K May 12 1 3 12K Feb. 16 Apr. Jan. .4 Mar. 22 6 May 25 3K Mar. 5 Jan. IK Feb. 10 K Feb. 55 Jan. 72 45 Jan. 60c May 7K Jan. 16 10 6 18 6 May 22 17 12 K Jan. 65c Mar. 19 Mar. 14 7 13 4K Feb. 5K Apr. 1 May 22 May 25 Feb. 21 K Jan. 3 K May 21 Jan. 9 5 18 21 16 25K Feb. 5 Jan. 17 2 11K Apr. 30 Feb. 5 12K Jan. 24 6 22 May 22 Apr. 18 IK Apr. 9 24 25 84 Apr. Apr. 15K Mar. 9K Feb. 15 K Apr. 4K Jan. 83 30 Mar. 19 18K Apr. 154K Feb. 12K Feb. IK Jan. 22 Apr. 3K Jan. 8K Jan. Jan. 42 Feb. Jan. 7 23 24 25 102 125K Jan. 7K Jan. 20 24 Apr. 68 K Apr. 10 K Feb. 38 K May 100 Jan. K May 19 95 K May 6 Jan. Public Service Rndland TaI A Tel Feb. 6 3 7 Jan. 22c % 5 9; K May 19 15K 5% 5K 5M 6 Jan. 5 79% Apr. 15% Sale 6% Sale Sale 26 K Jan. 2 22 7 28 86 10 1K May 312* 125K Feb. 10 % Feb. 39% Feb. Jan. 79 May 22 May 3 18 8K Feb. 26 6 3K Jan. 4K Jan. 2 May 5K May 20 May 107K Jan. 5K May 26 May 2 2 1 5K May 11 % May Hole Common Mow 3 11 K 1,651 10K 78 24 K 2,336 11% 5% Sale 70 * New 5% 11 65c ..... 866 Nat Serv Cojcom aha tr ctfs..l No par value 11 18 Sale * Com atk Tr cert. 13,712 Mass Util Associates itc 2,388 Mergenthaler Linotype 1,625 Nat'l Mfg & Stores Corp 10 * 6 Sale M X 5 55 * Sewing Machine Co 10 Int Hydro-Elec Co Sys cl A 25 10 569 Libby McNeil Llbby 25 454 Loew's Theatres 65 ww 5K 20 Sale 26 1 3,135 7 423 5% 5 • 630 50 3,605 113 % 'IK "I" * Preferred International Button 462 Sale 7% Sale 118 % 2 German Credit & Invest Corp ,£l vBros 's Cooper Corp 30 6 20 Sale 22 7 11 Sale 5 21% IK . I* 86 General Capital Corp » 462 Georgian. Inc (Thel cl A pf_20 . 2% Sale 3% 7 K Sale Sale 29 125 K 3,254 8 3 15 Edison 63 1,964 Sale Elec Illumination.ioo 12,276 13,348 Employers' Group Assoc T C* 230 98 100 726 Economy Grocery Stores 123 Sale 7 10 .. 48 1,660 1,690 5 10,525 5fas * Pue| Assn com *X% Cum Prior pref... 100 6,632 6% Cum preferred ..100 11,678 Eastern SS Lines. Inc * 13,990 Preferred ""*» 390 WW 111K Brown A Durrel Co common 112 726 25 23 7% 3 Boston Personal ProoTr 100 3,293 Brown A Co 6% Cum pref "100 3,939 591 1,661 1,119 5 3% Sale Hioo 106 1,099 4K 3% 8% 24 3 7 7 7K Apr. 13 5 6K Feb. 2K Feb. 17 1 27K Feb. 33c 1 Feb. 23 Mar. 13 IK Feb. 7 96K Apr. 25 JUNE, 1934.] AGGREGATE SALES In BOSTON STOCK BXCHANQK Since Jan. 1. May. Shares. STOCK BOSTON PRICES IN MAY. STOCKS May 1934. Bid. 8,209 Pacific Mills 100 24,056 Stone Ac Webster 9,921 Swift & Co 1,549 7,347 2,077 12,348 39,972 5,496 405 1,384 7,431 723 195 230 Sale Union Twist Drill 5 United Founders Corp com 1 United Shoe Mach Corp 25 Preferred...... 14 % Sale 33 25 392 Waltham Watch class B 484 Preferred. 85 Prior preferred 95 25 Sale 18,954 Warren 6 7 60 100 10*$ * .... 17 55 Sale ..... 5954 11 13 154 54 554 554 "IS"' Jail. 18 1254 May 1 3 May 7 854 May 2 1554 May 15 854 May 1 1654 May 2 10 2 Jan. Jan. 16 13 14 17 25 16 6054 May 2 15 May 11 1% May 7 68 May 1 3454 May 3 May May 54 May 6354 May 33 May 2 54 2 154 154 554 554 6 10 854 9 8 May 1 May 1 May 21 May 2 May 4 May 4 May 14 17 55 2054 75 Sale 1254 * Sale 17 1054 2054 May 15 25 8 22 18 10 23 57 12 16 % Sale 6554 Sale 3354 Sale 30 75 2654 May 29 May May May May 654 May 1454 May Sale 15 654 12 1254 May 3454 Feb. 5 1054 Feb. 3 12 54 May 1 3 May 7 954 Feb. 17 1954 Feb. 6 1354 Feb. 7 654 Jan. 3 1554 May 18 554 Jan. 8 14 Jan. 8 19 9 Jan. 20 8 54 May 25 2 3254 Jan. 5 May May May May 18 May 55 May 1154 May 36 Mar. 27 5 May May 554 Jan. 9 554 Jan. 31 Jan. 17 Mar. 21 3 854 Feb. 21 Apr. 25 17 Jan. 8 6 21 45 Jan. 3 55 1254 May 16 4 May 10 1 May 23 454 May 31 25c May 4 5 May 1 1 May 23 554 May 1 25c May 4 10 Jan. Feb. 24 May 4 1354 Jan. 24 1754 Jan. 5 1254 Mar. 2 654 May 14 1754 Jan. 5 2 7 Apr. 9 15 Apr. 26 154 Feb. 2 6854 Apr. 17 5654 Jan. 254 154 654 554 Feb. 62 4954 Jan. ..... * Highest. Sale Prices. 6 58 iS* 554 Lowest. Prices 1154 254 754 1554 754 Sale 254 Sale 154 Sale "20"" 100 Bros 10 Convert ible preferred 305 Warren (S D) A Co com 60 2% com • - 3,306 ------ Sale Sale Sale 2054 May 15 3 8 6054 Sale 1354 Sale 54 % 6754 Sale 34 3554 9% Sale — 56a 3,495 Venezuela Mexican OH CrplO 895 Venezuela Holding Corp * 1,764 Waldorf System Inc... 140 1. Sale Prices. Highest. Prices. 9 254 17 854 * Sale Sale 15 >3 16 X 25 - Ask. 2454 16 Lowest. 12 Inc cap atfc Torrlngton Co 28 8 480 Spencer Trask F'd cap stock * 3,109 1,657 May 31. 12% Sale 2% 3 8X Sale 1,690 Reece Folding Macta Co ....10 11,281 Shawmut Asan T G 1,528 1. Ask. Bid. 26X 1M 85 Ry A Lt Sec Co common 962 Reece Button Hola Mach..lO 168 350 RANGE SINCE JAN. Price Shares ------ 63 Jan. 2 - 593 EXCHANGE 9 MINING— 443 3,623 Calumet 100 210 Cliff Mining 3,373 55 Island Creek Coal ------ — 20 - 160 _ - 971 1,381 1,380 1,370 2,927 44,201! 1 1 25 •Noparvaiua. x Mining Co Nlpisslng Mines Pond Cr Co Shannon Copper Co r Cash 87 %c Sale 1754 154 20c ended May 30 was down to of the mark is 3.7%. Theoretically, During the week 40.33. May 4 the unit was quoted in New York between 39.54 Between May 5 and May 11 the range was 39.48 and 39.75. to on the par 39.70. _For the week ended May 18 tween 39.52 the unit varied be¬ and 39.65. The following week the mark was quoted between 39.35 and 39.63, and for the final week of/ the month 154 which earlier in considerable the to At the 1%%. acceptances Holland reduction in last week of effect 2%% to 1%%. A these rates 15 75c Jan. 6 Apr. 154 Feb. 24 18 May 23 254 Apr. 7 22c Apr. 30 10 Jan. 1 Jan. 3 12c Apr. 12 Jan. 11 3 Feb. 16 Jan 10 554 Feb. 16 75c 1 3 in harmony with world silver prices, were rela¬ per 1 May silver London in at The high 13/166., on May 9> Silver closed on May 31 9/16d. Jananese yen closed on May 4 at 30.37; on May 11 at 30.33; on May 18 at 30.34; on May 25 at 30.22, and on Mav 31 at 30.10. Hong Kong was quoted on May 4 at 35.53(5)36 1/16, and Shanghai at 31.77@32 3/16. On Mav 31 they were, respectively, 36.22(5)36 11/16, and 32.56 (5)33.00. icototci • o © oc I ■ '©©00-*l©di^WtOi— 0®00-^©d>fkWtO>-' I.I I I I I i I t I III i i I I I I i i I I I I I I I I I I i I i I i I d d d d d d dddddd ©OO©©© >-» )-> SXXXSX a I a a a a 00® O O O O b* M OCOCHH dd dddddd a a d d d d d d bo 1-1 a a a a a Or Oi Ox Oi Cn Crt a a a © © I H- l-> i i tO © O KXXXJK a a I ddddd XKKSXX a a d d © ill I I dddddd © © © © i-1M oo ®oo ooo© and a a a a a dddddd ddddd i—11—• i—• >—• i—• i—» hhmhh hhhmmh to i-> — «to h-i tOtOtOtOW dddddd dddddd ddddd X' © © © O M I-* 00® ooooo© r—» ►— r— »—» r— r— OH-'©©!-'© l-l h- © tO © © MMblHH a a a a a £ a since a a d d a a a a a dddddd a a a a a dddddd a a a dddddd ©©©©!■•►-» ►-I I—I © ® ® ® i—' i—' >-1 1-4 l-l a a a a ddddd I—1 i—i to to to co to to b-' >-■ i—* to to to tow & d dd © © ©O same © © © © <100 00 ® © 00 © O d dd dddddd dddddd bwbo boob©© bbbbbb was quoted was 19 at was made on May 10, and in the May another decrease in the nrivate discount dddddd !-* i-1 dddddd )—• >—« I—' I—I dddddd ddddd H-l HMI-'HMH ,-1 OOOOM© hhOhhO t-'l-itot-'© dddddd ddddd r/iHHOHOO HHHMO ' |_i |_i |_. |_l cut to 1% from 1%%. These changes brought money rates in Amsterdam to their lowest level since early in March. Hol¬ land guilders (par 68.06) closed the week ended May 4 at 68.05 for cable transfers, against 68.18 at the end of the previous week. The range between April 28 and May 4 was from 68.24 down to 68.00. From May 5 to May 11 the range was 67.86 to 68.10, and the closing price for the week was 67.91 for cable transfers. On May 18 guilder cables closed at 67.93. having shown a range of from 67.78 to 68.05. The guilder closed on May 25 at 67.88, having ranged between 67.84 and 68.11. Guilders ranged on May 31 between 67.64(S) 67.70. Swiss francs (par 32,67) closed May 4 at 32.56 for cable transfers. For the week ended May 11 the range was 32.46 to 32.58. The following week the range was 32 47 to 32.67. Swiss francs closed on May 25 at 32.57, having shown a range for the week of between 32.55 and 32.65. The raiwe1 on May 31 was 32.46@32.50. on 85c 55c 18 further rate brought that rate from iy8% to 15/16%. At the time the buying rate on prime guilder acceptances Exchange 26 2 5 5 19 was prime guilder from Jan. Jan. Apr. On gold, The 2% rate had been in time the buying rate on reduced 19 25c 1 May 1 May 23 154 May 1 16c May 24 254 May 1 354 May 2 24 8 14 29 29 14 5 Mar. 20 354 Feb. 254 Feb. fine ounce, the low for the month. a both year same was 154 54 154 254 move 3/16d. lowered from 2% 53c 18 especially to France, this movement was definitely reversed in May. Both coun¬ tries increased their gold holdings, with the result that money developed great ease, particularly in 1 Holland. On May 3 the Amsterdam private discount rate was April 24. May May May May May May 16 2 Sale and lost 454 Feb. 50 4 2 154 Feb. 254 Jan. 10 tively firm. 39.31 down to 39.04. the countries neutral during the war devel¬ oped an easier tone in terms of the dollar, moving down in sympathy with the trend of French francs and sterling. However, these units were firmer in terms of francs Switzerland Jan. 30 17 23 Exchange on the Far Eastern countries was, of course, strongly influenced by the trend of sterling exchange. This applies especially to Japan and India. The Chinese units, on sterling, and while 54 Mar. 31 May 18 May 2 Mar. 14 254 Feb. 54 Apr. were 33.78@34. The free market for the paper peso, as quoted in New York, ranged during the month from 23.25 to 23.70. the range was from Exchange 92 12 21 sale. bank's gold holdings totaled 1,250,180,000 reichsmarks. The highest point of all time was reached on Jan. 1 1929, when the gold holdings stood at 2,799,245,000 reichsmarks. The least, 85c 16c 3 Jan. 15c Sale Sale 15c Sale 3 Mar. 14 1 4 254 May 9 May 21 41c 95c* '85c" 254 Sale IX IX Sale 15c 95c 50 254 May 17 May 25 48c Sale Sale 1654 154 25c 254 42c 54 1 11 15c 95c May 18 4954 May 23 154 2 Sale {.Continued, from page 61.) at 20c Apr. 11 2454 Mar. 20 2 254 15c Sale IX 10 Utah Apex Mining...... ...5 Utah Metal A Tunnel. __1 2 48c 154 May 3 54 Apr. 5054 Sale^ 10 _25 154 May 11 81c 154 "254 "I" Sale 65c" Co.........25 Feb. 14 Jan. 92 154 5 654 Feb. 9 254 Apr. 554 Feb. 23 60c Apr. 12 2854 Feb. 21 8 1 3 5c quarter; a loss of 13,943,000 reichsmarks for the third quar¬ ter, and for the quarter ended May 31 the loss was 16,847,000 reichsmarks. Total gold holdings on May 31 stood at 130,104.000 reichsmarks, against 372.329,000 reichsmarks a year ago. At the outbreak of the World War the Iieichs- bank's ratio 10c 354 Jan. 105 75c ""254 25 Pocahontas Co....* Bx-divldend 35c 35 25c 2.50 Oulncy Mining 454 254 Sale 54 1 454 154 3% IX 2% 5 North Butte OHbway Mining Co Old Dominion 3,54 5 5c 3 1,424 70,058 1,450 9,823 6,216 20,366 2,507 56,148 487,646 7,050 „ ix 25 254 New River Co preferred... 100 433 Common 100 58 490 Sale 100 ix 25 25 Mohawk Sale 554 54 X .... 90 1 Isle Royal Copper 366 La Salle Copper 5,567 4 54 1 ~3~X Sale" ...1 . Preferred 7,999 200 Sale 25 13,496 Copper Range Co 25 2,542 Hancock Consol Mining...25 200 — 4H A Hecla .........25 the South American countries developed an May, due in part to the fact that these dW©^J®!-J0CW-J©®G0©®©©©© ^©©©©©©CBOOh-i©© tog 12! a^aapjaaaaaapjaaaaaa a dOddPddddddPdpiddOitn j>dddddd^ddddd b^.ob jbobbi-H^MMMMMH ^ I—• l—» 1—1 ' 2-1 ©►<-400*100 00 00 00©©*!©©©©©© © c> |_s U_1 I I I—' I—' I 1 1—1 L-l ' 1—1 1—1 H-l I—' ^ i—' d dd o bo dddddd d d d d d d bbbbbb »—i i—' i—• i—' >—* bo ' bbbbbb ChChCnDiChOi Cn Cn Cn Or Di © © © © © oo 'x* * xx a a a d dddddddd © o© © • a a a a a a ©ooooo ^100 00 00©© a a a a a a dddddd a a a a a a dddddd a a a a a ddddd bbbbbb CD CD CO CO CD CO ©OOH-I-'© OHHOH XXX XXXXXX XXX X d.dd dddddd dddddd dddddd ©'.bb bbbb©!-' d oooooooo©© -4 X- X ©oo Xf ~ £ XXXX XX XXX XX £ & XXX ddddd XXX N ft N b^ § & ^ 53 ^ easier tendency in units strongly inclined to move in sympathy with ster¬ The softer tone is. likewise due in part to the steps taken by the various exchange control boards, in are ling. with called governmental free the month or decrees, unofficial Argentine paper 34(5)3414, and in the last to widen markets. pesos conformity the In were scope of the early the part d dd © OO dddddd dddddd dddddd JSC =X MMMHMM l-l l-i h-l I—» l-" H* l-i |-l l—i 1—l l-l ©OhiOi-iO mkm to to © tO M to to © -sxxxx xxxxxx xx xxxx xxx of |3 a • a, a «a so- officiallyquoted at week of the month the quotations 8? ddddd b©OOl-'M OOOOOOOM ~ Rates of Exchange on Other Centres.—For tables usually appearing here, showing daily rates of exchange for the month other centres, see pages 65 and 69. on Continental and Baltimore Stock RECORD MONTHLY AND YEARLY BALTIMORE STOCK RANGE OF PRICES ON STOCK Since Jan. 1. BALTIMORE CITY l",206 300 500 100 ""566 500 2,200 3,300 1971 1961 10434 - Sale.. 104 -§434 III" 9434 Sale 17 30 Jan. 99 10234 Feb. 23 102J4 Feb. 23 1 2 104 34 May 94 34 Jan. Jan. 24 10334 May 14 99 May 1 Jan. 22 104 99 L03 34 Apr. 11 103 34 Apr. 11 Jan. 24 10434 Apr. 11 99 2 10434 Apr. 11 9434 Jan. 10434 May 1 10334 May 14 104 May 1 10334 May 26 10334 May 7 10334 May 7 May 2 90C 7,30f Is Annex is Annex Improvement.. 1951 7 1955 1951 1963 Is Public Park Impt Loan.. (coupon) Paving a IsP & B P & B s (cpn)_. May 104 104 104 9434 9434 9434 Improvement-. 1954 6,00( 3,30( 5,40( 1.001 3.00C 1,00c 104 2 104 May 2 10434 May Mar. 5 10434 May 9534 Jan. j 10334 Apr. 6 Feb. 10434 Apr. 12 7 11 May 28 8 104 May 17 May 7 10434 May 17 103 21 10234 Feb. 21 8 6 10134 Mar. May 2 Mar. 15 99 34 Jan. 25 104 Mar. 15 10334 May 28 104 103 104 13 103 X Apr. 16 10434 Apr. Feb. : 104 9434 Prices. Sale Prices. 9834 Jan. 104 9434 Loan Highest. Lowest. Sale Prices. 10334 May 1 10334 May 1 10334 May 28 10334 May 28 10334 May 7 10334 May 14 104 May 1 10334 May 26 Sale 104 9434 Sale 1961 ..1961 1960 104 104 Sale Prices. _ 11 27 10334 Mar. 27 3 103 34 Apr. 3 .1952 1942 Apr. Apr. Jan. A 17 105 r. 17 23 104 11 103 34 Apr. 11 May 29 Feb. 12 12 100 s P & B (cpn) s 2d School Loan s 2nd s 2d .School Loan 1943 Feb. 9 4s 2d School Loan..; 1940 10 10434 Apr. 1959 24 103 34 Apr. 10 24 4,901 100 1,000 4s 2d school Sewer _ 1948 May 29 May 29 104 104 1947 loan (cpn) 100 4s 2d Water "9,466 Sale 10334 ..... 1958 1958 Is Airport 1957 Is Engine House ...1957 is School House 1957 4s 3d sewer series (cpn).1957 101 400 9434 Is Water 701 1,600 ..... la Conduit 1.00C 1,500 9434 1962 1961 Ask Bid. Ask Bid. BONDS— Sale Ask Bid. Highest. Lowest. May 31. 1. May 1934. Is Burnt District 700 2.000 11,30C 2,00( 1.40C JAN. 1. RANGE SINCE PRICES IN MAY. 1,400 Is Conduit 1,600 4a Jones Falls 1,000 iys2d Sewer coupon 9,800 Is Sewerage Impt 1,100 ts Dock Loan 4,200 Is School House 200 609,400 734,703 Price EXCHANGE BONDS $ 1933. $106,900 to May 31. Jan. 2 In May. 300 "l Jan. 266,353 BALTIMORE AGQKEQATE SALES 1934. $171,900 May 90,144 36,297 273,761 Shares May.. Jan. 1 to May 31 EXCHANGE Bond Sales. 1933. 1934. Stock Sales. Feb. Feb. 9 100 1957 ser 1950 1,000 4s 2d water serial 1947 2,400 4s 2d water serial 1954 1,000 4s 3d School (cpn) ....1937 1,000 4s 26,200 334 s New sewerage Impt.. 1980 10334 May 9834 May 100 98 96 9 10334 May May 9 Apr. 13 L06 Apr. L01H Apr. 30 10134 Apr. 30 May 9 8 100 90 Feb. 9 100 8 5 5 10134 Mar. 29 10334 May 9 13 106 Mar. 20 Mar. 20 60 Jan. 8 Jan. 8 102 1034 Feb. 8 9Hi Jan. 17 60 1,000 1,000 10,000 3,000 Alabama Co gen 6s ext ..1938 Bait Spar Pt & Ches 434% (certifs) Balto Trac i",666 1134 934 Jan. Balto 2,000 .1936 1,000 Canadian Govt 434s 3,000 Central Ry Cons 6% ctfs.1934 5,600 Century Parkway Corp 6sl956 5,000 Consolidated Gas Ist5s..l939 1,000 1,000 4,000 Davison Realty 6% (ctfs).1940 2,000 6,000 1,000 3 10834 May 3 15,000 United 5,000 2,000 1,000 74,000 39,000 1,000 Shares. 450 3,388 225 Ry El & STOCKS. 934 8 9 Sale 2734 9654 9734 9 1034 16 200 ~2,446 228 16,432 1,147 Preferred ♦ • ..50 ;... 9c Pot Tel of Bait 43 46 39 36 54 9 34 Sale 834 854 934 Sale 9 834 1 Sale 954 934 Sale 2 12c 7c 1734 Sale 40 33 18 Sale Sale 3934 10c 1434 3534 3 May 3 May 21 May 4734 May 22 May 11 1334 Mar. 14 Apr. 854 May 10 9 May 1 1 May 28 854 May 11 834 May 18 154 May 9 954 May 29 9 May 1 1 May 28 954 May 28 934 May 31 154 May 9 554 7 1534 40 May 25 4 Sale 113 118 634 May 14 1534 May 14 Sale 1 634 Sale 118 20 25 18 May May May 1 1 4 May 25 Sale 116 734 May 21 1634 May 19 May 15 11834 May 1,049 4,797 43 236 25 29 • 100 100 100 105 90 6 43 Jan. Feb. 16 81 12 85 Feb. 16 Apr. 12 39 Jan. 15 47 34 5434 Sale -59" Sale" 11034 10834 Sale 10234 Sale 104 10034 29 62 Apr. 24 105 Apr. Jan. Jan. Jan. 8 Apr. 734 Apr. 134 Feb. 34 ■i 8 34 34 89 29 May 3 29 May 3 May 9 May 29 May 28 10234 May 19 2834 May 10 29 56 May 3 63 11054 May 2 11134 May 19 108 May 8 11034 May 11 102 May 3 10354 May 16 17 27 20 26 221 1,051 230 142 < N f par 249 Eastern Rolling Mill 956 Emerson Bromo Seltt A 4,404 Fidelity 9c Deposit • 2.50 20 2,382 Fidelity 9c Guar Fire Corp. 10 * 939 Finance Co of Am class A value. 20 1934 4034 III" "14" 4 54 5 Sale Sale 20 6 —- 16334 Sale" 20 40 4134 1934 May 4034 May 1 1 1834 May 29 6 May 9 2034 Man 11 4434 May 9 20 May 2 654 May 21 34 Jan. 26 Apr. 23 Feb. 16 Feb. 27 10 5?6 12 3 12 Feb 8 16 3 11 Feb. 23 20 2 2 Feb 1 Mar. 9 10c 13c 18 45 34 17 15 Jan. 18 1434 May 15 May 11 9c Jan. 11 4 Apr. 9 1234 Jan. 25 5 Jan. 8 834 Jan. 4 11234 Jan. 1834 Jan. Feb. 10c Jan. 434 Feb. 12.34 Jan. 8 34 Feb. 1634 May 11 28 25 6 19 11834 Apr. 28 Jan Mar. 2 2534 Feb. 2934 Mar. 1 5 30 Mar. 2534 Feb. 2434 Jan. 90 Jan. 105 24 Jan. 29 9 May 29 Jan. 65 Feb. 52 >4 5234 10534 Jan. 101 Jan. 93 Jan. Feb. 16 Jan 3 1034 Jan. 23 1834 May 29 3 Jan. 17 18 May 7 11134 May 19 11034 May 11 10334 May 16 10 5% preferred May 22 Apr. 24 35 30 105 103 28 25 1 25 com. 24 6% preferred ser D 5Vi% pref ser E 12c 10c May 16 1434 May 15 May 11 35 4 534 742 Consol Gas E L 9c Power Sale ..... 9 • 6 Jan. Apr. Jan. 5c 28 7% preferred ..... 4 31 327 10 -"§54 Sale* 24 2,046 16 134 Sale % 934 134 444 Commercial Credit pref B. .25 132 6H% 1st preferred 100 81 17 2634 Jan. 9654 May 4834 Feb. 8 Feb. 105 54 .100 pf..l00 50 Commercial Credit Corp 831 8 May 3 May 3 May 21 1 4 Apr. 19 100 Feb. 7 28 Mar. 17 97 Apr. 6 4834 Feb. 17 834 Jan. 3 17 Apr. 28 16 May 21 78 85 25 Preferred 10 Colonial Trust Co 92 9654 May 1 Apr. 27 4 81 100 common. Black & Decker common 688 Ches 165 Apr. Feb. 43 200 Baltimore Trust Co (old).. 10 505 Baltimore Tube 8 17 1634 15 9654 May Par. 1,850 Appalachian Corp 18,748 Arundel Corporation 1,408 Atlantic Coast L CConnl -""466 Apr. funded 5s (flat) 1936 22,000 Funding 5s (ctfs) 1936 1,400 First 6s (flat) 1949 38,000 1st 6s ctfs (flat) 1949 12,000 Income 4s (flat) 1949 48,000 First 4s (flat).. 1940 149,000 1st 4s ctfs (flat) 1949 78,000 42,OOOWash B & A 5s (ctfs) flat. 1941 Shares. 22 100 9654 RR Pennsylvania 2 Jan. 78 Traction 1st. 5% 1938 1,000 1,000 Finance Co of Amer 6 34s. 1934 100 2,000 Ga Caro & Nor 6% flat. 1949 4,000 Lexington Ry 1st 5s 2,000 Macon Dublin & Sav 5%.1947 834 Maryland El Ry 634s (flat)1957 15,000 6s 1933 12,000 6% (certificates) 1933 3,000 Maryland 16 10334 Mar. 9 12" Feb. 2 75 Apr. 23 15 Feb. 16 15 Feb. 16 1634 Jan. 30 1634 Jan. 30 3 10834 May 3 10834 May May 18 Feb. 45 27 10834 May 1st 48 ...1951 1,000 1948 1,000 Merchants Term 6s 2,000 Monongah Vail Tr 1st 5s.1942 31,000 North Avenue Market 6s. 1940 2,000 Potomac Vail RR 1st 5 % .1941 Jan. 13 9 12 75 May 18 75 Fairmount & Clarksburg 1,000 7 934 Mar. 18 1234 Mar. 22 11 1942 Dlv 1st 5s 1,000 934 934 4^8.1953 ....1953 Nth Co. 02 I6l Augusta Ry & F.I Co 1st 5sl940 . 1034 Apr. 18 4434 May 3 9 Apr. 12 22 20 Mar. 634 May 21 BALTIMORE STOCK EXCHANGE June, 1934.] AGOREOATE SALES. PRICES IN MAY. baltimore Jan. STOCKS. Jan. 1. May. Shares. Finance Service 20 Common com class 50 15 * 45 Home Credit Co pref... 50 OH preferred. ..100 132 Insurance Shares Md ctf« —* 2,735 249 Mfrs Finance 636 1st preferred 679 214 5,545 7X 3X 1 1 *A .25 .i Maryland & Pa RR 32 May Oil Burner Corp 8 306 100 Merch 7% 2 Sale 1% Sale com. 205 190 50 2,334 1,279 91 Mt Vern-Woodb Mills 12 "17"" IIII 14 200 May May 17 X May 7c May 45 May 5 May 32 Sale' 18 Common 50 21 pref.. 1X — 2 82 National Marine Bank... 139 111 . 3,400 415 10 9X Sale 10 . 48 54 49% 55% 120 Seaboard Comm'l 83 55 23 62,258 10 U S Fidelity 8c 2 Guar 213 Western Md Dairy Corp pref* 20 475 Western National Bank 140 May 24 3 May 26 May 18 ZX 10 7 2 185 31 8 21 10 23 7 28 4 15 Jan. 24 8% Apr. 17 4 19 Feb. 5 2% Feb. IX Jan. 31 31 7 Jan. 7c Feb. Feb. 6 Mar. 28 200 Jan. 3 35 13 22 May 29 May 29 May 2 Apr. 24 Mar. 12 Jan. 26 6 May 31 15 Feb. 7c 4 Jan. 7 Feb. 18% Mar. 12 Mar. 23 Mar. 23 49 2X Jan. 16 26 10 Apr. 6% Apr. Mar. 21 141 Mar. 21 25X 9X 74% IX 45 X nx May 29 6 Apr. Feb. May 24 23 May 24 23 3% May 2 7 May 18 3 May 26 Apr. 27 Jan. 30 4 25 X May 29 11 May 11 88 May 7 IX May 22 May 9 56 23 7 % 2X Jan. 30 9 Jan. May 7 1% May 22 56 Feb. 13 9 26 Jan. 17 88 8 May 1 12% Jan. 1134 Jan. 26 May 24 Apr. 26 Apr. 27 234 Jan. 30 7 70c 8c United Rys & Elec Co com.50 6,747 1,065 8,137 25% May 29 9 % May 2 86 May 2 1% May 8 54 May 4 Sale Preferred ; ...10 101 318 Standard Gas Ej pref 100 10 United Porto Rlcan Sug pfd* com A May May May May May May Jan. X 34 9X 934 19 Jan. 16 4 May 23 4 IX Jan. 141 26% 30 10 % Sale 87 X Sale 1% 2 24 5 Roland Park Co prior pf._100 35 31 200 14 34 2 18% 7c 10 23 45% 5 5X Prices. 5X Feb. 8 9 3% Jan. 7 X J an. 25 5 Apr. 12 Jan. 10 Jan. 4 75c .... 28 30 11,879 New Amsterdam Casualty. 50 423 Northern Central Ry 3,400 Owings Mills Distillery Inc..l • 3,215 Penna Water A Power 20 Roland Pk Homel'd Co pf.100 1,867 48 7 29 Nat Central Bk of Bait...100 1209 Sale 32 200 Mortgage Bd & Title Co com.* 240 Jan. I* 200 8 434 2% .10 Miners Transp Monon W Peon PS 7% pref 25 8c 9% 5% Sale 1% May 23 8X May 3 2% May 3 2 May 1 May 2 7% May 9 2 May 23 1% May 2 Jan. 7 100 25 Mercantile Trust Co 3,024 2,766 9% Sale 3% Jan. 9 5% Mar. 16 5 Apr. 12 2X Jan. 11 % May 29 X May 29 % May 29 X May 29 9% May 2 9 May 3 1 9% 6X 4% Sale 25 Second preferred 87,616 Maryland Cat Co......... 410 X May 29 % May 29 9% May 2 7 May 17 ft—* common 1. Highest. Prices. 3 100 15,289 Houston 351 Sale 10 50 Guilford Realty Co com 1.252 Prices. Sale 100 Preferred JAN. Lowest. Highest. Sale Prices. 100 2d pre! 110 Lowest. Ask. 1 <> Preferred 5 Ga Sou & Fla 1st pref 110 May 31. Ask. Bid. cl A..10 B 864 135 1. May Bid. Ask. Bid. Par 1,597 SINCE 2 1934. Shares. RANGE Price stock exchange Since In 65 6X Sale 3% Sale 65% 86 ..... 29 28 RATES OF EXCHANGE Sale 5% Sale 8c May 31 5% May 12 83 82 29 May 29 May 26 27 Feb. 10 10 Jan. 24 70c 15c Feb. 5c Feb. 23 3 Jan. 9 7 Feb. 5 Jan. 11 85 26% Mar. 28 29 10c May 4 6% May 2 82 May 29 29 May 4 65% Apr. 27 Apr. 16 ON CONTINENTAL CENTRES. Table Brought Forward from Page 63. Paris Swiss Amsterdam Belgium Italian Greek Francs Francs Guilders Belga Lire Drachma May Bankers' Checks Bankers' Bankers' Bankers' Bankers' Bankers' Checks Cables Checks Cables Checks a6.64% 6.63%o6.6434 2.... 6.6234a6.63 6.62%06.63% 3.... 6.62%a6.63 6.62%o6.63% 32.55032.60 32.56032.61 68.04a68.14 68.07a68.15 23.49a23.52 23.50 023. 32.54a32.57 32.55032.58 67.99a68.09 68.00a68.10 23.46a23.48 23.47 023. 32.55032.57 32.56a32.58 68.01a68.03 68.02a68.04 23.44a23.47 23.45 a23. 4 32.53a32.57 32.54o32.58 68.00a68.04 68.01a68.05 23.44a23.47 23.45 023. a.55% 53 a.54% 53%a.55% 53%a.54 32.54032.57 32.55a32.58 68.01a68.06 68.02a68.07 23.45a23.46 23„46 a23. 53 a.54% 7.53%a.54% 1.... 5 6.63 6.62% «6.62% 6.62%o6.63 6.623406.63 6.62%06.63% SUN day 6 7— Cables V SUN day SUN day Cables SUN Checks 54 d!y Cables Checks 8.54%a.55% 8.53%a.54% 8.53%a.55% 8.54 a.54% SUN day 32.49032.56 32.50a32.57 67.90a68.03 67.93a68.04 23.43a23.46 23.44 a23. 52 a.53% 8.53 32.45a32.56 32.46a32.57 67.85a68.06 67.86a68.08 23.39a.2348 23.40 a23. 52 a.54 32.52032.57 32.53a32.58 67.92a68.09 67.93a68.10 23.44a23.47 23.45 a23. 10— 6.61 6.613406.62% 32.50a32.53 32.51032.54 67.88a67.93 67.91a67.95 23.42023.44 23.43 a23, 11.—. 6.61 52% a.54% 8.53 a.54% 52 a.53 8.52%a.53% 06.61% 6.613406.62 6.603406.61% 6.60%a6.6134 32.48032.51 32.49a32.52 67.87a67.93 67.88a67.94 23.40023.43 23.41 a23 52 0.53 32.47032.49 32.48a32.50 67.84a67.88 67.85a67.89 23.38a23.40 23.39 a23, 49 a.51% 8.50 a23 49 9.... 12— SUN day 13.... 14— a6.62 SUN day SUN day .95 .95 a.95% a.95% a.95% .94%a.95% .95 .95 SUN day 6.61%o6.62% 6.6134^6.63 6.61 06.63% 6.6134^6.6334 6.61%a6.63% 6.61%o6.6334 8.... Cables .94% .94%a.95 ,94%0.95 .94%0.95 •94.%a.95 0.54 .94%a.94% .94% a.95 .94%a.95 .94%a.95% .94%a.94% .94% a.94% .94 34 a.94% .94%a.95 a.51% .94%a.94% .94%a.94% a.51 8.49%a.51% 8.50%a.51% 8.50%a.51% .94%a.94% .94%a.94% .94%a.94% SUN day 8.52%a.54% 8.52%a.54 SUN day .94% a.95 .94% a.95 SUN day 6.593406.61% 6.59%o6.6134 6.61 06.61% 32.46a32.53 32.47a32.54 67.74a67.88 67.78a67.90 23.38a23.43 23.39 15— 6.60 34 06.61 32.50032.53 32.51032.54 67.86a67.89 67.87a67.90 23.40a23.42 23.41 a23 50 a.51 16.... 6.60%a6.60% 6.60%o6.61 32.48032.56 32.49a32.57 67.83a67.91 67.85a67.92 23.39a23.41 23.40 a23, 50 a. 17—. 6.61 32.54032.61 32.55032.62 67.90a68.04 67.94068.05 23.41a23.45 23.42 a23. 50%a.52 8.51 a.53 32.58032.66 .94 %a.95 32.59a32.67 67.89a68.01 67.93a68.02 23.41a23.45 23.42 a23 51%a.53 8.52 a.54 .94%a.95 32.55032.61 32.56a32.62 67.89a67.94 67.92a67.95 23.41a23.43 23.42 a23 51 8.51%a.52% 19— 06.62% 6.6134<*6.62 34 6.61 06.62 6.61%06.62% 06.62 6.6O%06.61% 6.61 20—. SUN day 18—. -7- SUN day SUN day 51 a.52 SUN day 21—,--. 6.60%o6.61% 6.61 06.62 32.56032.58 32.57a32.59 67.90o67.97 67.91a67.98 23.40a23.43 23.41 a23, 6.61%o6.62% 6.6o%06.61% 6.60 3406.6133 6.60%a6.61 6.60 06.60% 6.62 06.63 32.61032.64 32.62a32.65 67.92a68.07 67.96a68.ll 23.44a23.48 23.45 a23 6.61 06.62 32.55a32.60 32.56032.61 67.90067.96 67.9Ia67.97 23.41a23.44 23.41%a23 50%a.52 32.54a32.57 32.55032.58 67.83a67.88 67.84a67.90 23.40a23.43 23.41 a23 50%a.51% 8.51 6.6O%06.6134 32.55a32.5S 32.56a32.59 67.84a67.89 67.85a67.90 23.40023.42 23.41 a23 6.6O%06.6O34 32.51032.54 32.52a32.55 67.78a67.83 67.79a67.84 SUN day 23.39a23.41 23.40 a23 50%a.51% 8.51 .49%a.50% 8.50 23— 24—. 25— 26— SUN day 27— 28— 6.59 06.6o 29— 6.59 06.60 30— 31—. 6.6O%06.61% 6.59%o6.60% 6.59%o6.60% holi day 6.58%o6.58% ,6.583406.59 SUN day 32.49a32.54 67.71a67.82 67.74a67.83 23.36a23.42 23.37 32.50a32.53 67.68a67.79 67.69a67.80 23.37a23.38 23.37%a23 32.45a32.49 Denmark 32.46a32.50 67.63a67.69 Sweden 67.64a67.70 a23 holi day 23.33a23.36 23.34 Norway 8.51 ,94%a.95 .94%0.95% a.54 .94%a.95% .95 a.52X .94%a.95 .94%a.95% a.52 .94%a.94% .94%a.95 a.51% .94%a.94% .94%a.95 a.51% .94%a.95 .94%a.95% .94%a.94% .94%a.94% holi day Berlin 8.50 a.95% SUN day .48%a.50% 8.49 a.50% .49 a.50% 8A9%a.50% a23 .37 8 .49%a.53 .94%a.95% SUN day . 0.51% SUN day 32.49a32.52 holi day 8.51 50%a.51 .52% a.53 % 8.53 SUN day 32.48a32.53 holi day .94%a.95 SUN day 22— .94%a.95 .94%a.95 .94%o.95 .94% a.95% .94%a.95% .94%a.95 .94%a.95 holi day a.53% .94%a.94% Austria .94%0.94% Spanish Krone Krona Krone Reichsmarks Schilling Peseta Bankers' Bankers' Bankers' Bankers' Bankers' Bankers' May Checks Cables Checks Cables Checks Cables Checks Cables Checks 1— 22.87o22.94 22.88a22.95 26.39a26.47 26.40a26.48 25.67a25.79 25.68a25.80 39.61a39.65 39.63a39.67 18.96 2— 22.82022.90 22.83a22.91 26.35026.44 26.36a26.45 25.67a25.75 25.68a25.76 39.52a39.61 39.54a39.63 18.94 18.97al9.05 13.73%al3.75 13.74 18.95al9.05 13.72 al3.74 13.73 3— 22.88a22.92 22.89a22.93 26.40a26.46 26.41a26.47 25.74a25.79 25.75a25.80 39.54a39.60 39.55a39.61 18.93 18.94al9.05 13.72 4—. 22.85a22.90 22.86a22.91 26.37a26.44 26.38a26.45 013.73 13.72%0l3.74 25.70a25.77 25.71a25.78 39.53a39.56 39.54a39.57 18.96 18.97al9.05 13.72 6— 22.S5a22.88 26.38a26.43 26.39a26.44 al3.73 13.72%al3.74 25.71a25.74 25.72a25.75 39.55a39.57 6— 22.86a22.89 SUN day SUN day SUN day 39.56a39.59 SUN day 18.92 Cables Checks 18.93al9.05 13.72al3.72% SUN day Cables 013.76 013.75 13.72%a.73% SUN day 7— 22.83a22.88 22.84a22.89 26.36a26.39 26.37a26.40 25.68a25.74 25.69o25.75 39.49a39.56 39.50a39.57 18.96 8— 22.80a22.90 22.81a22.91 26.31a26.39 26.32a26.40 25.63025.70 25.64a25.71 39.47a39.60 39.48039.62 18.91 18.97al9.05 13.70al3.72% 18.92al9.05 13.69013.74 9 22.87a22.92 22.88a22.93 26.42a26.49 26.43026.50 25.75a25.8l 25.76a25.82 39.56a39.58 39.57a39.60 18.94 18.95al9.05 22.83o22.88 22.84a22.89 26.36a26.41 26.37a26.42 25.69a25.74 25.70a25.75 39.62a39.68 39.63a39.70 18.97 18.98al9.05 13.70al3.72 13.71al3.73 13.71013.72% 12— 13— 13.71al3.73 13.70al3.75 13.71%a.74% 13.72al3.75 22.83a22.88 22.84a22.89 26.36o26.41 26.37026.42 25.68a25.74 25.69a25.75 39.53a39.63 39.54a39.64 18.97 22.84a22.88 22.85a22.89 26.37a26.42 26.38a26.43 18.98019.04 13.70%a.71% 25.70a25.74 25.71a25.75 39.57a39.63 39.61a39.65 18.96 18.97al9.05 13.69%al3.70 13.70al3.71 SUN day SUN day SUN day SUN day SUN day SUN day 14— 22.81a22.84 22.82a22.85 26.33026.37 26.34a26.38 25.66a25.70 25.67a25.71 39.54a39.60 39.58a39.61 18.95 18.96al9.03 13.68013.70 15—. 22.81a22.85 22.82a22.86 26.32a26.38 26.33a26.39 25.66a25.70 25.67a25.71 39.58a39.60 39.59a39.61 18.90 18.91al9.04 16— 22.80a22.84 22.81022.85 26.33a26.37 26.34a26.38 25.66a25.71 25.67a25.72 39.57a39.59 39.58a39.60 18.90 17— 22.82a22.84 22.83a22.85 26.34a26.3S 26.35026.39 18.89 18.90al9.05 13.70al3.72 18— 22.82a22.85 22.83a22.86 26.34a26.37 26.35a26.38 25.67a25.70 25.68a25.71 39.51a39.63 39.52a39.65 18.96 18.97al9.05 13.70al3.72 22.80a22.84 22.81a22.85 13.71al3.72 26.33a26.37 26.34a26.38 25.65a25.70 25.66a25.71 39.48a39.57 39.49a39.58 18.96 18.97ol9.03 13.70al3.71 13.71al3.72 SUN day SUN day 25.67a25.70 25.68a25.71 SUN day 39.57a39.63 39.60a39.64 SUN day 13.69al3.71 13.69%a.70% 13.70al3.71 18.91al9.04 13.69al3.69% 13.69%al3.70 SUN day 13.71013.73 SUN day 22.80022.83 22.81022.84 26.33a26.36 26.34026.37 25.66a25.69 25.67a25.70 39.58a39.62 39.59a39.63 18.95 22— 22.81a22.85 22.82a22.86 26.33a26.36 26.34a26.37 25.65a25.69 25.66a25.70 39.50a39.54 39.51a39.55 18.99 23— 22.72a22.77 22.73a22.78 26.24a26.30 26.25a26.31 25.56a25.62 25.57a25.63 39.42a39.48 39.43a39.49 18.96 24— 22.70a22.77 22.71a22.78 26.21a26.28 26.22a26.29 25.54a25.61 25.55a25.62 39.37039.44 39.38a39.45 18.94 25— 22.74a22.77 22.75022.78 26.25a26.29 26.26a26.30 25.57a25.61 25.58a25.62 39.32a39.39 39.35a39.41 18.95 26— 22.71a22.75 22.72a22.76 26.23a26.27 18,96al9.03 13.69al3.70 13.70al3.71 26.24a26.28 25.56a25.59 25.57a25.60 SUN day 39.13a39.30 39.14a39.31 18.96 18.97al9.02 13.68al3.69 13.68%a.69% 27— SUN day SUN day 28— 22.70a22.76 22.71a22.77 26.20a26.27 29— 22.68a22.72 22.69a22.73 26.20a26.23 30— 31—. holi day 22.62a22.68 22.63a22.69 18.97 18.95al9.03 13.70al3.71 SUN day 13.71al3.72 13.72 %al3.74 13.70013.71% 13.70%al3.72 13.70%al3.72 SUN day 26.21a26.28 25.53a25.59 25.54a25.60 39.08a39.24 39.10a39.25 18.88 18.89al9.02 13.66al3.69 26.21a26.24 25.50a25.56 25.51a25.57 39.08a39.12 39.10039.14 18.89 18.90al9.00 13.66%al3.68 13.68al3.69 holi day 26.13a26.19 SUN day 18.96al9.02 13.69%al3.71 19.00al9.03 13.71%a.73% 26.14a26.20 holt day 25.45a25.51 25.46a25.52 holi day 39.03a39.07 39.04a39.08 HOLI day 18.93 holi 18.94al8.98 13.65al3.66 13.66%al3.70 day 13.65%al3.67 Cleveland Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON CLEVELAND 1934. 1933. 21,398 176,547 89,361 184,556 Stock Sales. May Shares - Jan. 1 to May 31 AGGREGATE SALES, Since May. Jan. 1. STOCKS Par. 1,950 Aetna Rubber 5,702 455 75 690 . 87 100 ! 200 Bessemer Limestone A 900 Brown Fence & Wire B— 100 400 IX X 4% 1 51% % 100 1 7 458 2,498 * 245 -.100 Pref 1,266 Cleveland Builders Realty..* 494 Cleveland Builders Supply..* ■ " 391 100 3,302 City Ice & Fuel """407 682 100 .I... 238 Cbase Brass Ac Cop pfd 25 382 Preferred Central United National—20 IX 2,931 Cleveland Cliffs Iron pref—* 2,582 Cleveland Elec III 6% preflOO 4 Cleveland Quarries ""86 Certificates of deposit..100 706 2,902 2,336 Cleveland Trust 249 312 100 583 40 95 18 21 100 32 235 80 Preferred 39% 39 X 5234 46 Sale 68 Sale 1,865 Federal Knitting Mills 1,485 Ferry Cap & Set Screw 9X * ""240 •• » — J* — 26% * 55 75 Great Lakes Towing 9 Great Lakes Towing pref. 100 * 766 Grelf Bros Cooperage 20 550 Halle Brothers......... 10 101 5 Preferred 281 Hanna M A $7 pref 50 2,993 285 147 Hlgbee 1st preferred 44 5,205 Interlake SS_. 926 Jaeger Machine. 269 255 1,780 Kaynee Co 230 42 7 * 100 8 10 334 10% 7 7 13 14% 89 92 20 22 5 26 29 34X 38 40 78 10 3 6% 3% 87 7 6 15 93 95 Sale 70 85 90 8 82 X 3K 40 2% 5% 54X 75 77 78 12 31 4 2% 6 634 76 98 May 1 May 10 2134 May 3 24 OY4. 8X 50X 9X 5X X 4X 6X 1 7% 50 23% Sale 16 17% 80 99 89 94 17 19 1.* 28 Sale 734 79 2% 50 72 * 6 9% Company..........* 1 4 ""'l75 6,275 Lamaon Sessions.... * * 1,161 McKee 'Arthur G) B... 1,760 Medusa Portland Cement...* 1,629 Metropolitan Paving Brick..* 371 16"" 50 2334 24 "81" 8* 18* 9SH 2234 234 1 20 12 85 75 85 11X 12 1134 12 6 100 159 12 ...... Preferred 100 137 Miller Wholesale Drug "975 9,537 46 "ISO Mohawk Rubber.. Preferred . . 490 Murray Ohio 30 Myers (F E> Bros 169 _.* '.* * 12 26 8 21 2 25 8 14 17 May 5234 May 61 May 11 May 734 May 6 May 334 May 10 May 10 May May 23 57 May 4 71 May 1 11 May 21 9 May 3 10 May 1 334 May 8 13 May 3 1034 May 24 55 84 May 12 92 11034 May 26 111 1934 May 14 22 May 4 May 25 May 18 10 5 34 5 16 434 Sale 534 934 6 9X 9 10 4 4 5 45 3 2% 3 8 234 3 4X Sale 4% 434 Sale 1834 1934 100 4X 120 2,460 National Acme 316 643 National Carbon pfd.....100 5 National City (Old) 100 25 3,241 National Refining..... 133 40 5 32 45 ""955 Preferred.... 1,037 3,665 National Tile. 463 430 10 National Tool "'196 196 Preferred 9,240 Nestle Le Mur "A" 1,970 * » 700 Nineteen Hundred Corp4 A"* 100 North Amer Securities A 50 2,505 504 Ohio Brass "B" Preferred 8 7 10 45 Apr. 55 Jan. 13 3 16 Jan. 20 85 Jan. 98 May 10 1 2354 Feb. 8634 Apr. 23 1754 Jan. 3 434 May 17 2 May 15 80 May 17 534' 5 Mar. 19 55 3934 Jan. 50X Jan. 57 May 23 May 4 83 Mar. Jan. 11 Apr. 30 13 Feb. 2 12 Jan. 29 May May 334 May 6* ir 334 May 4 May 8 2334 May 1 16 May 3 83 May 16 92 May 7 1434 May 28 34 May 12 16 May 7 42 May May May May May May May May 8 10 14 16 17 15 2 25 2734 May 4 May 1234 May 75 May 1134 May 2834 May 534 May 15 May 75 May 12 May 14 2 21 24 17 42 18 25 14 24 26 2 IX 6 65 2 34 234 2 3 ... IX 21% 2354 1634 83 92 34 1734 1 18 17 Jan. 16 17 Jan. 16 100 111 22 Jan. Mar. Jan. 554 Feb. 21 Feb. 23 28 4 34 Feb. Mar. 6 Jan. 80 Jan. 2 34 Jan. 3 534 Jan. 12 5634 Apr. 10 82 Apr. 12 20 Apr. 12 42 'May 8 2134 Jan. 12 Jan. 3 Mar. 9 9 1 90 254 5634 Apr. 10 82 20 42 25 Feb. Apr. 10 Apr. 23 Jan. 22 634 Jan. 13 19 84 54 May 12 Jan. 26 2134 Jan. 334 Jan. 6 2 12 33 8 Feb. 2 65 Jan. 30 16 70 Feb. 634 Jan. 234 Jan. 3 24 12 Mar. 20 12 7 12 5 234 Jan. 754 Jan. 24 5 14 Feb. 8 Mar. 28 11 Feb. 24 2 254 May 2 434 May 1 May 234 Jan. 5 30 434 Apr. 16 Mar. 26 55 334 Jan. 30 May 10 4 55 May 10 2 Mar. 26 Apr. 17 434 Jan. 20 8 1 8 534 May 21 654 May 5 13934 May 9 140 May 11 Feb. 13 4 Apr. 18 15 434 May 5 6 60 75 May 10 May 14 134 May 16 3 3 2334 May 29 254 May 14 2234 May 25 2 May 17 May 31 May 5 3 May 29 334 May 1 23 May 25 Sale 12 1234 12 90 60 80 75 4 May 8 May 29 May 4 85 4 19 17 May 21 19 15 4 May 1 May 16 May 4 X 17 Feb. 23 534 Feb. Apr. Apr. 26 4 20 Mar. 23 Apr. 24 134 Feb. 6 18 May 25 Jan. 15 19 21 5 85 234 Apr. 12 Apr. 12 May 8 4 5 434 Mar. 14 334 Feb. 20 654 Feb. 9 2 6 90 15 8 9634 Apr. May 1 934 May 29 4 May 2 5 5 Sale 12 15 Feb. 18 85 95 75 Jan. 2 15 Jan. 2 Feb. 23 95 Feb. 23 4% Jan. Jan. Mar. Feb. 13 434 Jan. 24 9 854 Feb. 19 May 11 135 140 60 Jan. Jan. 5 45 3 134 May 34 Jan. May 154 Jan. May 2 12 334 34 X 1434 May 8 May 29 Mar. 15 Apr. Feb. 34 Jan. May 334 Mar. 24 Apr. 34 Jan Feb. 75 2 6 26 3 3 21 Mar. 754 Feb. 5 May 31 75 34 Jan. 3X X Jan. 9* 15 23 2 95 434 1833 5 534 75 Sale 154 2 X IX 2234 Apr. 24 Apr. 30 May 18 May 9 934 May 29 4 May 2 4J4 May 14 5 3 334 Sale 2234 2434 8 Jan. 6934 Mar. 10834 Mar. 15 2 Jan. 70 234 May 9 234 17% 10034 Jan. 5 Mar. 44 Jan. 634 Jan. 80 Mar. 22 534 Jan. 20 2834 Jan. 29 10954 May 14 Feb. 8454 Apr. 27 14 200 ParagonRef gBv t c 3d P End * * 3.498 Patterson-Sargent.. Apr. Jan. Jan. 4434 Jan. 46 310 Packer Corp 500 Paragon Refg 3d pmt end...* value. IX 21 534 10 9 7954 Apr. 58 Sale 13634 141 60 18 11 28 10 60 5X Feb. 20 20 34 Jan. 2 34 Jan. * 146 10 •No par 3 1 18 25 May 2 May 18 334 May 28 82% May 18 7 34 May 8 100 85 ""120 IX 50 100 6 7 20- 28 100 6 136 4 28 Prices. Feb. 34 Apr. 6% Apr. 33 Apr. 834 Apr. 7034 May 2 May 334 Apr. 134 Apr. 40 100 100 434 234 9 12 2X 15 A 45 45 5 Sale 2 34 May 31 5 2734 May 2 3734 May 4 3 May 24 82% May 18 634 May 9 5 6 88 X Preferred 1 5 2 ....100 * 5 14 3X 16 Jan. 56 Sale 1 134 Apr. 334 Apr. 1 Apr. 2 ' 50 Korach Mar. 22 24 75 6 48X Jan. May 11 3 May 22 77 2734 4 34 1434 5% 5 May 14 6 70 2334 May 12 10834 May 26 10934 May 14 May 11 23 15 14 21X Sale 3 Jan. .534 58 82 40 30 68 90 "~23l 25 40 3% 86 , X Sale 22 13 10 27% 42 5 71 3 10 Preferred 2,586 Kelly Island L ft T 151 * 100 6 1234 35 .* Harbauer 647 Harris Seybold Potter... 125 10 100 7% 110% 22 12 6X 100 * 100 85% 10 X 25% 10 74 X 25 10 Goodyear T & R 1st pref 18 R 4 33 Goodrich (B F) pref 15 * Jan. 3 45 1034 May 18 98 May 10 20 May 8 10.. 26 5% 25 9 151 Godman Shoe.. 84 Sale 109% 71 479 6% preferred 100 10,420 Geometric Stamping.......* «. 13 % 15 * 174 General Tire & Rubber 4 12% 11 103 810 Fostoria Pressed Steel Corp.* 60 ~12~ 75 9 70 115 Firestone T & R 6% pref. .100 '/-• 435 Foote Burt.. 10 7 3 2 12 X 9 Sale 10 Sale May 24 % Apr. 20 4 34 May 31 54 Sale Sale 9 534 May 15 32 May 5 834 May 4 7034 May 18 2 May 11 334 May 1 34 May 31 3 25 Sale 7X 1 14 16 18 11 1 85 54 7X * 2l 5 10X 1 Highest. Prices. 234 Mar. 109 9 ___* 417 Faultless Rubber 10434 2034 80% 2% 3X 55 * 350 Enamel Products 55 1. 55 U X 5 10 X 134 May 24 46 10 50 71 Lowest. Sale Prices 65 Sale 21 10 May 24 534 May 30 May 634 May 7034 May 2 May 334 May Sale 24 * 262 Elec Controller & Mfg 2% 44 100 4,373 X 108% 110 104 "35" 1 Sale Prices "i'X "2" 25 * Dow Chemical 355 JX 23 24 55 _* IX 86 2X 5 Sale 6% Sale Sale" 82 8X 3,582 Corrlgan McKinney voting..! Non-votin g 1,108 1 50 90X 17% 63y8 IX X * 4,415 Cleveland Worsted Mills 2,110 Cliffs Corporation v t c 100 Commercial Bookbinding ""25 85 18X 3 Sale 6% IX 53 X 12 2 Sale ..... 35 30 46 55 10 * 100 245 Cleveland Union Stkyda 115 IX X 53 X 9 * 100 630 Cleveland Kjs 339 X .... 8% IX x 5% 67 3% * 20 Canfield Oil 33 7% 57 70 20 Bulkley Building pref—i 100 305 Byers Machine A__ 50 2% 5X Sale 27 "~6% 5 Electric.. Ask. Highest. Lowest. May 31. Ask. Bid. 2 15 Preferred Preferred Bid. 4* Allen Industrlec 3,653 Apex 55 Ask. 1 - . May 1. 1934. Bid. 13 Akron Rubber Reclaiming "'"255 RANGE SINCE JAN. MAY. Price Shares 400 $82,666 31. Jan. 1 to May PRICES IN CLEVELAND 8TOCE EXCHANGE 1933. 1934. May..--- Jan. 2 In Shares. STOCK EXCHANGE Bond Sales. 4 Mar. 13 Jan. 6 29 22 24 17 18 Feb 17 Mar. 2 85 434 Feb. 23 X Apr. 20 54 Mar. 13 20 Feb. 1 AGGREGATE SALES. May. Shares. 125 STOCKS 35 65 60 520 15 „ Pref ▼ tc ......... 223* * Sherwi n-Williams .........25 47 % 99 Preferred ...........100 1,585 Smallwood Stone A «, 85 Standard Oil of Ohio pref.100 25 23 11 21 f* ::::: Sale Sale so* A pd 9 12 180 Stouffer Corp A 20 490 Thompson Products Inc * 166 Trumbuli-Cliffs preferred 100 45 Truscon Steel pref.......100 70 80 75 28 30 365 Union Metal...............* 2 30 3 * 50 2,435 Van Dorn 10 153* Sale 13* 1 - 3 7 83* 702 West Res Inv Corp pr pref 100 23 2,709 Youngstown Sheet & TubeLd 34 425 Vlchek — 713 • Tool 2,039 Weinberger Drug 16 Sale" Lowest. Sale Prices. ^ 8 2% 3* 33* 9 3 12 3 A May 21 2 May 26 1 4 40 A May 14 43 A May 90 A 10 Jan. 4 34 Jan. 20 34 Mar. 1 2 3?* May 1 13 May 7 23 May 11 5 70 80 10 Jan. May 5 4 1A 3 93* 8?* 25 2L 23 50 54 41 Sale 8 70 May 17 10624 Apr. 27 134 Feb. 17 34 Feb. Jan. 26 6 Jan. 83 1 24 Feb. 334 May 934 Apr. Feb. 434 Apr. 21 1034 Feb. 27 15 72 May 22 Jan. 15 1834 Feb. 27 71 Jan. Jan. 18 16 36 May 22 1 1 May 21 234 Jan. 2 1 May 21 234 Jan. 4 734 Jan. 11 May 21 4 8?* 83* 23 A 30 Feb. 6 Jan. 99 9 22 24 Apr. 16 24 Jan. 4734 Jan. OA 3* Feb. Jan. 8 30 72 3 534 Feb. 16 34 Mar. 1 % 28 Jan. Jan. 21 1 May 9 3 34 May 8 9 A May 24 37 A 13* 3* May 9 334 May 8 934 May 24 424 Apr. 26 4934 Jan. 25 234 Jan. 193* .30 "63* 1 Highest. Sale Prices 2 A Jan. 39 34 May 234 May A May 9 May 10 2 A May 24 13 May 7 113* 133* 3 23* • 95 - ♦ 392 « Prices. 83 1 43* 10 A 60 * A. 15 4 4 A * 4% Sale Sale 21"" 24 223* Sale 21 May 24 6A 6% 20 20 64 67 663* Sale 63 May 10 70 May 17 106 106?* 1043* 1053* 10334 May 18 10624 May 3 3* A A a 'A 488 Standard Textile 4 403* 23* 33* Sale 4M 210 Sheriff Street Market Ask. 3 Sale 1,377 — I 3 8,541 - A Highest. Sale Prices. Lowest. May 31. 5 Sale A 43 A 4 615 - * 1. Ask. Bid. Bid. 33* 4 Sale A A 40 A 2 „ M Ask. 25 211 .. Series 2 Bid. 6,799 Selberllng Rubber * 308 Preferred ..............100 2,817 Selby Shoe.. • 309 „ May 1934. Par. 1,166 Peerless Motor.............3 * 11,165 Rtchman Bros 70 Bobbins & Myers v t c ser 1 705 1. Price Jan. 2 Shares. 1,491 RANGE SINCE JAN. PRICES IN MAY. CLEVELAND STOCK EXCHANGE Since Jan. 1. In 67 CLEVELAND STOCK EXCHANGE JUNE, 1934..] 834 May ,8 24 May 3 41 May 31 934 May 17 24 May 3 50 May 3 24 Jan. 10 34 Jan. 2 Jan. 26 Apr. 424 Feb. 11 6 80 7 2 Feb. 4 Feb. 5 934 Feb. Jan. 6 22 5834 Apr. 18 25 No par value. Pittsburgh Stock Exchange MONTHLY AND YEARLY RECORD PITTSBURGH STOCK EXCHANGE PRICES ON RANGE OF i Stock Sales. May 1933. 1934. Shares. Jan. 1 to May 31 AGGREGATE SALES PITTSBURGH Jan. % Shares. PRICES IN MAY. BONDS 1. 13,000 Pittsburgh Brewing 6s..1949 , STOCKS 990 25 64 30 Allegheny Steel RANGE SINCE JAN. Ask. Bid. 1. 993* 1003* 89 Lowest May 31. Atk Bid. Ask Sale Lowest. Highest. Prices. Sale Prices Sale 1003* 993* May 10 993* May 10 20 ..... 19 A 21 21 May 400 Arkansas Nat Gas Corp 564 Preferred 1,839 17,887 May 5 9 11A Sale 14 A Sale _• 11 & Sale ""'408 1,066 Central Tube Co 1,660 Clark (D L) Candy 23,031 Columbia Gas A Electric 1 10 Consolidated Ice pref 30 Crandail McK & Head.. 460 100 50 1,393 7,910 330 530 Duff 300 9,009 500 50 ""loo 13 A 13 A May 29 1 3* May 29 2 A May 29 22 A Sale 17 A 12% Sale 10 A Sale U A 173* May 23 153* 1 A. 2A 22 A 2,500 1A Sale 1A Sale 250 '""350 2,700 592 4,157 140 Sale 3,400 110 255 • 10A May 14 12?* May 5 1 % May 1 23* May 8 10 350 16,865 806 12 A Sale 12 J* May 25 4 May 19 14 May 93* 15 A 16 3 Sale 3 "*3 A 4 A Sale 5A Sale 1A 13A Sale 21 2 Sale 2 x!2A May 10 10 May 3 2A May 3 5 A May 5 5% Sale 3 3 May 5 8% May 1 % May 2% Sale 16 May *12?* Sale 5 .........0 Renner Brewing Co 1 5 Storage A 31 8 8 14 31 12 8 10 18 May 12 May 3 May 5% May 3 May 21 May 2 A May 19 May 21 2 8 2 31 1 19 23 21 65 56 6A 82 Sale 84 Sale 2 1A May 10 May 11 83 Sale 81 6 Sale 53* May 14 1 % May 29 23 May 7 1% 21M Sale 65 85 7 May 10 May 2 May 1A May 23 May 1 4 7 13 16 Jan. 19 Feb. 3 Apr. 19 Apr. 24 Apr. 26 3 Apr. 4 3?* Apr. 4 26?* Feb. 16 103* May 14 163* Feb. 19 58 Apr. 12 Feb. 26 33* Apr. 18 13* Jan 3 2 Apr. 18 ar. 15 11a 5 33* Jan. 113* May 14 19 10 Feb. 23 Jan. 9 Jan. 10 Feb. 18 Feb. 3 23* Apr. 18 123* May 25 6?* Feb. 5 4 18 12 Feb. 6 Feb. 23 Jan. 18 May 21 May 2 43* Feb. 16 5?* Feb. 14 33* Apr. 11 23* Jan. 4?* Jan. 23* Jan. 5 May 1?* Jan. 30 Feb 26 23* Apr. 13 15 Jan. 24 Feb. 17 Jan. 100 Jan. 31 62 Jan. 75 Feb. 23 65 Jan. 85 Apr. 18 83* Feb. 6 53* May 14 1 Mar. 28 173* Jan. May 29 2 May 29 11 Jan. 23 2 Jan. 15 2 Mar. 14 293* Feb. 19 1?* Feb. 8 43* Feb. 5 15 Mar. 13 27 10c Aor. 6 Apr. 5 33* May 14 28 May 11 7c Apr. 5 5 leb. 6 39 Feb. 30 37 15 6c 8c 6c 10c 6c May 23 6c May 23 5c Mar. 13 Jan. 7c 3% 37 43* "3 3* "4 A Sale 3 30 stH 3A 1 393* 7A Sale 13 A Sale 3 A May 14 28 May 11 33* May 1 May May 7J* May 2 May 12 31 10 33* May 14 May 29 33 3?* May 16 1 May 31 503* May 5 9 3* May 1 33* May 5 Sale 1% — 4c 13* 8 50 9A Sale 2 11 Sale 15 ..... 4c 1% 52 Sale 48 A 49 A 7A 7A Sale 17 1A 1% Sale 3c 4c 2A 17 A 47 12 2 1?* May 10 15 1A 13 2 15 May 3 May 22 13* May 24 12 May 19 3c 2 15 4c 2 15 May 1 May 3 May 1 May 11 May 10 Jan. 10 3 Jan. 4 1 Jan. 4 1 393* Jan. 2 x22A Sale 2 20 1 19 1A 5 27 A 38 A Sale 1A 20 Sale 4AA Sale Sale 31A 37 % 20 A 25 3 20 1A Sale 4A Sale Sale Sale 4% 33% Sale 19 May May 19 May 1 May 2 May 43* May 263* May 303* May 3 x22A May 1 3 May 9 20 May 19 1 % May 9 2 May 22 4?* May 5 32 May 2 37 3* May 1 5 Mar. 25 57 7 Jan. 5 2 May 2 133* Apr. 27 13* Jan. 93* Jan. 3c Jan. 5 15 5 13* May 24 9 25 ...» ..... 11 Jan. 1 2 2 5,930 United Engine A Fdy ...25 1,210 United States Glass ..* 1,627 Vanadium Alloy Steel 58,391 Victor Brewing Co.........l 22,443 Western Public Service.__..* 12,466 Westlaghouse Air Brake * .50 7.396 Westgbouse El A Mfg Jan. 13* Jan. 2 Feb. 100 20% 25 40 Waverly Oil A__ 103* 1?* 93* 153* 4 1 586 Ruud Mfg 10 Wiser Oil Co Sale 5 89,600 San Toy Mining ...1 8.395 Shamrock OH k Gas ....* 3,305 Standard Steel Spring......* 40 2,845 1,743 10 5,786 Pittsburg Brewing * Preferred * 4,845 108 Pittsburgh Coal Co pref.. 100 8,210 Pittsburgh Forgings 1 3,813 Pittsburgh OH A Gau_......5 13,212 Pittsburgh Plate Glass 25 • 58,546 Pitts Screw A Bolt Corp 140 Pittsburgh Steel Foundry..* 66,770 14 123* May 5 4 May 19 11 %. May 14 "4 * 20 Penn Federal preferred 100 44,900 Phoenix OH com... ...25c 10 Union """300 5 Sale ...50 Preferred 90 18 14 May 100 Preferred 885 Plymouth Oil 7,200 1,450 12 A * Preferred 223* Feb. 17 19 33* Mar. 27 * Products 28 10 3 A • • 81,345 Lone Star Gas.... 1,650 McKinney Manufacturing..* ...5 3,920 vfesta Machine 610 Nat Fireprooflng Corp • 600 ""i25 Norton Mfg Feb. 11 May May 29 May 29 "3 A • 477 Jones & Laughlin St'l pf-.lOO 2,168 Koppers Gas A Coke pref.100 615 1 Feb. 10 153* 50 1,883 Follansbee Bros pref.. 100 40,023 Port Pittsburgh Brewing 1 8,358 Harb-Walker Refrac com.. 29 '""si ..... 2,670 Duquesne Brewing Class A 13,167 515 Electric Apr. Jan. Apr. 16 93* Apr. 24 200 Central Ohio Steel Prod 1,905 25 100 57 100 25 88,272 Carnegie Metals Devonian Oil Prices. Sale Jan. 1 1A • Co 20 1A 10 11,170 12,540 Highest. Prices. 9 * 80 Byers (A M) preferred 310 Calorizing preferred 8,234 91 10 .... 21,673 Armstrong Cork Co 120 1. 90 4 ...100 525 American Fruit Growers com* 100 Preferred 100 464 Amer Window Glass pref.100 Blaw-Knox Bid. * Preferred 1,500 2,985 $26,000 66,000 par 725 Aluminum Goods Mfg 30 May 1934. Par. Shares. 240 May 31. Jan. 2 S 1,000 1933. $1,000 16,000 Price Since May. Jan. 1 to 1934. May 778,139 8TOCKEXCHANGE In Bond Sales. 377,712 117,430 845,546 16 2 Feb. Mar. Jan. Jan. 153* Mar. 90c Jan. 2 May 43* May 263* May 303* May 8 Mar. 14 1 5 53* Feb. 23 Jan. 4 Apr. 21 113* Apr. 4 33* May 5 16?* Feb. 5 2% Apr. Apr. 4 18 7c 20 15 Feb. 43* Feb. 1 183* Apr. 24 25 Mar. 1 253* Feb. 26 6 4 Jan. 8 6 20 Jan. 30 17 22 14 14 14 1% Mar. 26 May 22 2 7 Feb. 6 353* Feb. 6 5 8 47 8 8 3 75 75 Feb. Mar. UNLISTED. 240 1.560 Lone Star Gas 0% pref...100 50 6H% preferred 85 PenroudCorpr tc • No par value, x Ex-dividend. 100 • 65 75 Sale 71 76 72 70 72 70 May 15 723* May 4 64 Jan. 75 Jan. 10 33* Jan. 24 Feb. 9 Jan. 10 3 3* Jan. 23 Detroit Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON DETROIT 1933. 197,926 Shares 729,824 May. Jan. 1. atiares STOCKS 1,432 1934. Auto City Brewing common. * .* Baldwin Rubber clasi A Class B Bendix ... —5 Aviation Corp 120 49,489 Bower Roller Bearing......5 * 55,057 Brlggs Mfg Co common 19,367 Burroughs Adding Mach—* X IX 17 X Sale ~~9X "16" 12 X 153* 5 350 63* 9,108 705 Sale 15X 58 X 915 Consolidated Paper com...10 72,661 Chrysler Corp 10,175 common Continental Motors com 100 387 Crowley, Milner & Co com..* 1,360 5,592 Deisel Wemmer Gilbert com 10 6,070 Detroit & Clevel Nav com. .10 100 4,373 Detroit Edison com 21,700 Detroit Mich Stove common. 1 26,617 Detroit Paper Products 50 Dolphin Paint & Varnish A.* Sale 8 IX Sale 202 770 1,250 1,885 """400 400 ......* 1,087 4,961 3,670 9,539 Eaton Manufac'g Co com...* 54,884 Eureka Vacuum Cleaner... 3 70,788 Ex-Cello Aircraft A Tool 560 24,053 Federal Mogul common * 31,034 Pederal Motor Truck com—* 7,542 Federal Screw Works com —* 12,767 Ford Motor of Canada cl A. 22 Class B * 2,125 260 374 I IB 1,410 Fourth Nat Investors com..I * 1,137 Gemmer Mfg Co class A 10 72,431 General Motors com 34,308 Graham-Paige Motor com. 10 1,100 Gt Lakes Eng Wks com 200 10,528 1,300 52,483 Hall Lamp 6,020 Hiram 466 110 1,275 780 . 6,735 8,743 150 3,823 62 20 130 5,575 500 Sale 66 X 2X • com 3AX Sale 1AX 15 7X Sale 3X A A 7 3,121 150 273 Mesta Machine 140 "2", 106 11,020 1,675 2,403 78,390 Michigan Sugar Preferred 6,225 704 300 378 500 10 10 4,431 250 """900 200 440 36 363* 6 1 May 8 13* May 7 33* May 23 73* May 4 23* May 21 May 2 13* May 2 123* May 1 23 63* 363* 363* 33* Sale 5 39 17 103* Sale 33* May 25 53* May 14 3 May 12 193* May 14 May 11 73* May 7 4 May 2 223* May 7 23 213* May 8 223* May 31% 23* 63* May 8 303* May 12 23* May 25 73* May 363* May 33* May 43* 43* 34}* 53* 353* Wheel com Muller Bakeries class A 70,262 Murray Corp com.* * common 1 1,926 National Investors com 2,320 National Steel Co com 107,242 33,258 * 4}* May 14 55 X Sale IX Sale 16 113* Sale 38 39 13* 1634. 2 22 Sale 19 Sale A 53* Sale 153* Sale 13* 3 193* 193* 23* 14 X Sale X 3X 13% Sale 5X 4 5 5 21 Sale 43* 43* 123* Sale 1 13* 173* 173* 1 23* 63* 1 1% Sale 3% 5X 5 33* Sale 2% 1 13* 33* Sale 3 7 4 22 813 ♦No par Sale 9 9X IX 2% 6X Sale IX 513* Packard Motor Co com. * Sale 4 * Parka Davis 8c Co 10 15,993 Scotten Dillon com 9,205 Second Nat Investors com_.l 10 2,951 Square D class A Class B 1 1,225 1,450 Stearns (Frederick) com....* 1 com Ttmken Axle com.... .. 23 X 57 X Sale Sale aVA 46 63* 8 12 12 7 12 24 19 Sale 62 Sale 43* 5 33* Sale 23* 23* 18 Sale 243* 10 Sale 43* May 12 223* May 10 33* May 10 1 May 1 23* May 9 5 223* 33* 1X 33* May 1 May 10 May 10 May 3 May 31 233* May 23 10 May 7 31 12 ..... 15 AX Sale 2X Sale 53* Sale ...10 common.1 8 iS 4 7 Sale 70c Sale Warner Aircraft Corp com..l 2X 2X 2 716 Whitman 8c Barnes com..2.50 10 2,970 Wolverine Portland Cem 3 7 16X '17" 173* Sale 63* May 12 American Radiator.........* a Option sale, r 1 83* May 13* May 26 48 3* May 4 33* May 14 223* May 17 503* May 12 4 3* May 243* May 653* May 33* 4 33* Sale 13* 2 33* May 14 3 May 26 IX May 14 40 41 63* 63* 33* 1 43* c May 19 33* May 23* May 19 100 1AX Sale 1103* Sale Sold .for^cash. 43* 5 13* Sale V/s 8 10 7% """% 23* Sale" 3 23* 5 193* Sale 143* Sale 1183* Sale x Ex-dividend 3. 1 2 May 4 8 May 3 23* May 24 5 May 14 9 May 17 23* May 22 53* May 8 May 14 May 1 May 10 May 17 73* May 1 43* May 17 63* May 18 23* May 2 63* 33* 53* 23* *16" "is" 4 May 4 13* May 11 73* May 1 X May 3 13* May 15 4 May 23 163* May 28 1133* Sale Apr. 25 173* Feb. 28 193* Apr. 26 193* Jan. 31 593* Feb. 21 123* Apr. 19 23* Mar. 1 43* Mar. 17 73* May 4 35* Jan. 30 84 2 123* 13* 3* 403* 223* 143* 33* 53* 23* 15 Jan. 9 May 14 Jan. 18 Jan. 4 Mar. 16 20 Jan. Jan. May May Jan. 4 22 12 25 19 8 113* May 14 143* May 1083* May 7 1183* May Feb. 23 Feb. 1 Jan. 30 Feb. 23 Feb. 3 25 Feb. 28 273* Feb. 5 8 Mar. 8 Feb. 5 43* Feb. 103* Apr. A 42 1 2 65* Feb. 3 7 2 573* Jan. 33* Feb. 2 5 15 Mar. 12 21 113* 33* 123* 13* 133* Jan. 2 Jan. 6 May 12 Apr. 3 Jan. 2 24 May 4 233* Jan. 30 73* Jan. 30 Feb. 5 13* Feb. 22 3* Feb. 8 5 5 23* Apr. 3 5 43* May 12 63* Feb. 6 Feb. 3 1 Feb. 20 Jan. 9 293* Feb. 19 43* Mar. 3 13* Jan. 22 19 33* May 10 1 Mar. 27 4 Jan. 9 23 4 Jan. 23 23 3* May 23 9 Jan. 5 43 Feb. 5 23* May Jan. 9 Jan. 63* Jan. 16}* Feb. 21 2}* Jan. 23 113* Feb. 16 20 8 13* Apr. 26 42 May 29 23* Jan. 27 33* Jan. 8 223* Jan. 4 May 12 i| Mar. 20 33* Jan. 5 23* Jan. 2 13* Jan. 10 173* May 14 23* Jan. 8 Jan. 16 43* Jan. 13* Jan. 43* Jan. 18 18 6 173* Mar. 31 43* Jan. 11 23* Jan. 10 Jan. 5 13* Jan. 15* Jan. 17 5 70c Jan. 1 24 19 14 2 16 19 33* Jan. 1 : 23 17 Feb. 313* May IX Jan. 4 May Feb. Mar. Mar. May Apr. Feb. Feb. 63* 83* 53* 243* „ 43* May 28 13* May 24 73* May 1 23* May 23 4 May 23 193* May 1 2 65 Jan. 19 13| Mar. 19 3* May 14 323* Jan. 31 153* May 14 73* Jan. 2 33* Jan. 5 33 37 3 7H Sale 4 63* 53* 23* S ff 173* May 14 5 1 4 4 18 Sale 3 .63* ul'A m 16 4 3% Sale » * 3,637 Young (L A )Co com........* 3 6 16 5 6X common A 9 23* 53* .* Sale 5 14 • Amer Tel 8c Tel Co 1 4 May May 13* May 26 42 May 29 2 173* Sale 23* 3 403* 83* 23* 3 53* 53* 3 13* Ac Co units......... value, Jan. 1 Feb. 93* Feb. 23 13* Feb. 5 23 Jan. 30 12 5 3 2 9 Jan. Jan. Prices 43* Apr. 20 3 3* Jan. 3 3* Sale 233* Sale 583* Sale 23* 473* AX Sale 243* Sale Sale 3X IX 200 Wolverine Tube 223* 93* 83* Sale Sale * 8,456 Universal Cooler class A Class B._ • 90,991 5,425 Universal Product com.....* 10,244 2,748 Jan. A] 2) 62 2 3X .10 13,456 Truscon Steel Co.. 15,989 United Shirt Distributors..* 122,701 Sale 113* Sale * Preferred............ Tivoli Brewing Co 52X 31 8 6 29 29 9 15 3 12 14 373* May 14 83* Jan. 5 1 }* May 23 33* May 23 4 .* 2 53* May 36}* May 29 13* May 25 21 May 4 22 May 31 53* May 1 163* May 5 13* May 7 19 May 5 13* May 23 63* Sale 3% 313* May 13* May 18 May 18 May 33* May 123* May 13* May 163* May 1 May Unlisted Dept.— 1,741 7 * * 8,945 Parker Rust Proof com Rights 27,285 ..5 28,151 Reo Motor com.. 125,576 Rickel (H W) & Co common.2 * 31,373 River Raisin Paper com 43,643 102,388 13* Jan. 3* Jan. 33* Jan. X Jan. 153* May 52 May 93* Jan. 123* Jan. 123* May Sale 63* 303* 23* 63* 4 33* 43* 53* 63* 33* 4 203* Sale 63* 313* 23* Highest. Prices. 24 14 18 14 12 14 21 22 4 373* ..... 233* 43* 6% 13* 16 193* 20 113* Sale 5% Sale 3X Sale 11 May May May May May 18 May 1 May 2 May 1 13* 16 32 Motor Products Corp com Motor 319 Walker "6",303 3* May 14 373* May 9 193* May 2 113* May 1 6 May 5 80 13* Sale 10 -« 20 * —* 29,591 31,459 500 U S Radiator com T.6I6 3* May 373* May 153* May 10 May 5 May 75 8 3 5 com 403 Third Nat Investors 3,302 14,393 7312 2X 3 79X 82% IX Sale 12% Sale 1 A 75 200 81 17 133* 39 19 —* common 30 Outboard Motors A pref 7,067 5,692 2,283 63* May 23 23* May 21 743* May 17 1 May 8 103* May 18 55 163* 123* 7 180 Mich Steel TubeJProd com..* ~ 73* 23* 13* 153* 14 15X » 1,937 McAleer Mfg Co com 700 ""5",732 12 143* Ah 7% AX 243* 6X 8X 35 X Sale 3X Sale 463* May 113* May 8 13* May 23 33* May 23 8 52 63 463-s Sale 11X 15 IX Sale 33* Sale 3 33* May 373* May 14 "63* 14# Sale 17 X Sale 1A% Sale Sale Sale Prices 83* 13* 173* 553* 143* 173* 143* 13* 7% Sale IX Sale 17 X Sale *8 30 Motor Bankers Corp com...l "l",831 1 3X Lowest. Highest. Sale Prices. Walker-Gooderham 8c Worts com » 5,953 .10 1,171 Hoover Steel Ball com * 2,206 Hoskins Mfg Co common 12,336 Houdaille-Hershay class A..*1 Class B * 123,161 ..* 57,364 Hudson Motor Car... 400 Kermath Mfg com 1 10 54,288 Kresge (S 8) Co com 9,753 Lakey Fdy & Mach common. 1 955 Mahon (R C) conv pref 600 AX 2X 3 Lowul. Sale 23* May 22 % May 11 7 May 7 13* May 1 153* May 9 52 May 15 123* May 14 153* May 10 123* May 14 23* Sale * Class B 594 Dome Mines Ltd 30 AX 23* Ask. 393* 93* 12 13* Sale 3 43* 3% Sale 61 420 Bohn Aluminum & Brass—5 3,939 7,285 3,660 2 May 31. 1. Ask. Bid Bid. IX Sale X X * com..—* Auto Fan & Bearing May Ask. Bid Par 125,523 24,682 2,553 19,065 11,936 563 RANOE SINCE JAN. 1. PRICES IN MAY. Shares. 308 1933. 1,163,167 Shares 2,270,470 May 31 Jan. 2 Since .500 to Price 8TOCK EXCHANGE In 8,188 1 Jan. DETROIT AGGREGATE SALES. 1934. Stock Sales. 1934. Stock Sales. May_ STOCK EXCHANGE Jan. 3 9 13* May 11 43* Jan. 12 63* Jan. 29 2 13* Apr. 5 13* May 15 4 May 23 16 Jan. 12 23* 583* 23* 63* 253* 74 . 13* 53* 33* 33* Jan. 30 Feb. 5 Jan. 27 Feb. 23 Feb. 6 Feb. 5 Mar. 8 Feb. 21 Feb. 5 Feb. 5 213* Feb. 1 43* Jan. 29 44 9 Mar. 6 Mar. 15 33* Mar. 15 53* Mar. 21 193* 83* 43* 93* 43* 2 Feb. 1 Apr. 24 Apr. 20 Feb. 19 Mar. 23 Mar. 6 53* Jan. 10 23* Jan. 29 83* Mar. 16 7 Feb. 14 13* Feb. 20 3 Jan. 19 33* Jan. 24 4 May 23 213* Feb. 17 173* Feb. 113* May 14 1075* Jan. 5 1253* Feb. June, 1934.] DETROIT AGGREGATE SALES. May. Since Jan. 1. Shares. IN MAY. 2,070 840 592 1,275 3,953 STOCKS 1934. Par Borden Co 25 1,176 Consolidated Oil Co * ~l6% Sale" General Poods Corp........* 145 8,352 Socony-Vacuum Corp.....25 * 7,616 Standard Brands Inc May 31. Ask Bid. Bid. 24% Sale 23% Sale 2% Sale 11% Sale "~4% Sale 12% 20% 25 Sale Sale 13% Sale Lowest. Ask 1,383 No par value, 17% Sale 20% Sale 31% Sale 17% Sale 16% Sale 30% Sale 17% Sale 28% Sale a Option sales, r 16% Sale Sale 22 Sold for cash, x 21% Sale 20% Sale Krone Lei Checks Checks Checks 3 4 5 premium Sale Prices. Highest. Prices. Sale Prices. 1 27% Feb. 6 28% Feb. 7 3% Feb. 22% May 14 21% May 14 2 May 14 May 14 CO May 26 3 May 14 24% 24% 2% 11% 34% 4% May 29 4 May 1 May 2 May 3 May 2 May 31% May 26 3 May 14 15% May 12 18% May 14 18% May 28 4 21 May 1 31% May 17% Mar. 27 5 23% Jan. 33% Apr. 23 17% 31% 15% 16% 21% 13% Jan. May 12% May 14% May 18% May 18% 43% 18% 19% 25% 3SR 26 May 28 2 May 3 May 5 May 1 May 20 Jan. 6 4 Jan. 8 1U Jan. 9% May 14 21 12 Jan. 26 4 12 14 12 21% Mar. 9 23 4 24 14% Feb. 15 36% Jan. 22 7% Jan. 30 6 Feb. Apr. 21 Feb. 16 Feb. 5 Feb. 5 Feb. 5 ON OTHER CENTRES. Bul¬ slovakia %% %% %a5i«% 3i#% 3ifl% Sale Forward from Page 63. Czecho¬ Canada Dollar 1 Lowest. Highest. Prices. Ex-dividend. Table Brought 2 Sale 15% May 12 May 12 12% May 24 14% May 14 18% May 12 Sale 10% Sale 32% Sale 3% Sale Sale RATES OF EXCHANGE May. 1. 27% May 10 2 957 Purity Bakeries Corp.-.-.-.* 887 1. May 32% Sale lo National Dairy Prod Corp--* NY Central RR 100 10,934 4,793 923 * 20% Sale 22% Sale Borg Warner Corp com 10 Commonw 8c Southern Corp * Hupp Motor Car Corp Ask Bid. 39,095 Kelvlnator Corp.. ..* 8,891 Kennecott Copper Corp....* * 4,262 Kroger Groc 8c Bale Co 820 476 RANGE SINCE JAN. Jan. 2 3,980 2,197 21,173 7,947 2,672 15,197 505 69 Price EXCHANGE Shares. 405 EXCHANGE DETROIT STOCK In STOCK Bucharest premium 4.18 premium 4.18 premium 4.18 premium 4.18 1.00al.01% 1.00al.01% «4.18% 1.00al.01% a4.18% 1.00al.01% a4.18% 1.00al.01% 4.18% a4.18 % Polish Hungary Serbia garia Finnish Argentina Brazil Aloty Pengo Dinar Lev Markka Peso Milreis Checks Checks Cables Checks Checks Checks Cables Checks Cables 19.02al9.04 29.73a29.85 2.28 a2.29 1.33 2.26 a2.27% 34.16 34.17a34.25 8.64 8.65 19.02al9.04 29.71a29.85 2.27 a2.28% 1.33 2.26 a2.27 34.11 34.12a34.25 8.62 8.63 18.99al9.04 29.69a29.85 2.27%a2.29 1.33 2.26 a2.27 34.16 34.17a34.25 8.63 18.97al9.01 29.78a29.85 2.28 1.33 2.26 a2.27 34.13 34.14a34.25 8.62 8.63 34.12 34.13a34.25 8.63 8.64 8.64 18.99al9.04 29.70a29.85 2.27 a2.28% a2.28% 6 1.33 2.27 8.64 SUN DAY 7 *16% premium 4.18 a4.18% 1.00al.01% 18.98al9.05 29.75a29.85 2.27%a2.29 1.32 2.26 a2.27 34.08 34.09a34.25 8 8.63 5i6% premium 4.18 a4.18% 1.00a 1.01% 18.94al9.04 29.75a29.88 2.27%a2.29 1.33 2.26 a2.27 34.03 34.04a34.25 9 8.63 8.64 %% premium %% premium 4.18 a4.18% 1.00al.01% 18.99al9.03 29.76a29.85 2.28 1.33 2.26 a2.27% 34.19 34.20a34.25 8.64 8.65 8.63 8.64 8ie% premium 3ig% premium 4.17%a4.18% 1.00a 1.01% 18.95al9.03 29.78a29.83 2.27%a2.29 4.17%a4.18 1.00al.01% 18.93al9.02 29.75a29.83 2.27%a2.28% 10 11 12 4.18 1.00al.01% a2.29 18.96al9.03 29.78a29.85 2.27%a2.29 13 2.26 a2.27 34.09 34.10a34.25 2.26 a2.27 34.09 34.10a34.25 8.62 8.63 1.33 2.25%a2.27 34.11 34.12a34.25 8.63 8.64 1.32 2.25%a2.26% 34.06 34.07a34.25 8.61 8.62 SUN DAY 14 %% premium *32% premium 15 16 18 19 4.16%a4.17% 1.00al.01% 18.93al9.02 18.95 4.17% 1.00al.01% 4.17 a4.17% 1.00al.01% 18.94al9.00 4.17%a4.18% 1.00al.01% 18.95al9.00 33t% premium Jisa3i6% premium %a%% premium % % premium 17 29.72a29.80 2.27%a2.28% 29.65a29.80 2.27 a2.29 1.33 2.25 a2.26% 34.06 34.07a34.25 8.61 8.62 29.68a29.85 2.27 a2.28% 1.33 2.25%a2.26% 34.06 34.07a34.25 8.61 8.62 29.68a29.85 2.28 a2.29 1.33 2.26 a2.26% 34.07 34.08a34.12 8.61 8.62 1.00a 1.01% 18.97al9.04 29.80a29.85 2.28%a2.29 1.33 2.26 a2.26% 34.07 34.08a34.12 8.61 8.62 1.00a 1.01% 4.17%a4.18 •' 20 18.93al9.00 29.73a29.90 2.27%a2.29 1.32 2.25%a2.26% 34.05 34.06a34.25 8.61 8.62 1.32 2.25%a2.26% 34.04 34.05a34.25 8.61 1.33 2.26 a2.26% 2.25%a2.26 34.05 34.06a34.25 8.61 8.62 1.32 33.93 33.94a34.00 8.51 8.52 2.27%a2.28% 1.32 2.25 a2.26 33.90 33.91a34.00 8.59 8.60 2.27%a2.28% 1.32 2.24%a2.26 33.95 33.96a34.00 8.59 8.60 1.34 2.25 a2.26 33.93 33.94a34.00 8.47 8.48 33.89 33.90a34.00 8.47 8.48 33.88 33.89a34.00 8.51 8.52 33.77 33.78a34.00 8.51 8.52 4.17% SUN DAY 21 "32% 632a732% %% 3i«% %% 22 23. 1.33 1.33 — . 24 25 26 premium 4.17%a4.17% premium 4.18 premium premium premium 3ifl % premium 1.00a 1.01% 18.93al9.00 29.80a29.90 2.27%a2.29 18.96al9.02 29.85a29.97 2.28 a2.30 a4.18% 1.00al.01% 1.00al.01% 18.94al8.97 29.82a29.95 4.17% 4.17%a4.18 1.00al.01% 18.91al8.95 29.80a29.90 4.17%a4.18 1.00al.01% 18.92al8.95 29.80a29.90 4.17 a4.18 1.00al.01% 18.90al8.93 29.83a29.90 2.28 2.27 a2.29 a2.28 27 8.62 SUN DAY 28 si«% premium 4.16%a4.17 29 6i«% premium 4.16 18.89al8.92 29.77a29.87 2.27 a2.28 1.30 2.24%a2.26 .99%al.OO 18.87al8.90 29.73a29.84 2.27 a2.28 1.28 2.25 1.00al.01% a4.17 30 a2.26 HOLI DAY 31 si6% premium Boli¬ Colom¬ 4.15%a4.16 Ecua¬ Uru¬ l.OOal.Ol % 18.87al8.88 29.73a29.84 2.27 Vene¬ Portu¬ a2.28 Hong ' 1.23 2.24 a2.25% Shang via bia dor guay zuela Chile Peru gal Kong hai Yokohama Manila Boliv'no Dollar Sucre Singapore Bombay Java Peso Bolivar Peso Sol Escudo Dollar (Yuan)DoVr Yen Peso Dollar Rupee Guilders Checks May Checks Checks Checks Checks Checks Checks Checks Checks Checks Checks 1... 26.00 58.00a61.73 16.00 S0.50a81.00 29.85 2... 26.00 58.00a61.73 16.00 80.50a81.00 29.85 3— 26.00 58.00a62.50 16.00 80.50a80.75 29.85 4... 26.00 62.00a62.50 16.00 80.50a80.75 29.85 5... 26.00 62.00a62.50 16.00 80.50a80.83 29.85 7— 26.00 62.50a63.50 16.00 80.50a80.75 29.85 8... 26.00 62.50a63.50 16.00 80.50a80.75 29.85 9... 26.00 60.70a63.50 16.00 80.50a80.75 29.85 Checks 10.25 10.23al0.25 22.87a24.50 4.68a4.71 35.53a36'i6 10.24al0.25 22.87a24.50 4.68a4.71 35.53a364e 6— 26.00 61.16a63.50 16.00 80.50aS0.75 29.85 11— 26.00 61.16a63.50 16.00 80.50a80.75 29.85 12— 26.00 61.15a62.50 16.00 80.48a80.50 29.85 14... 26.00 61.15a63.00 16.00 80.12a80.50 29.85 15... 26.00 60.98a63.00 16.00 80.45a80.50 29.85 16— 26.00 61.16a63.00 16.00 80.48a80.50 29.85 10.24al0.25 22.50a24.50 4.67a4.70 36.29a36Ui6 10.17al0.25 22.50a24.50 4.67a4.71 36.09a36»i6 Checks .50% 60.06a. 60% 38.50a38.60 68.35a68.50 30.23a30.40 .50% 59.81a.60% 38.43a38.60 59.94a.60% 60.00a.60% 59.94a.60% 38.48a38.70 .50a31% 30.29a30.40 .50% .77a32'i6 30.29a30.37 .50% .89a325i6 30.24a.30% .50% .52a32isi6 30.22a30.34 .50% .34a32% 68.25 38.48a38.75 68.30a68.50 68.25 59.94a.60% 59.81a.60% 60.00a.60% 59.88a.60% 59.88a.60% 59.94a.60% 38.47a38.70 68.30a68.50 38.46a.38% 68% a68.50 .20a33»i6 30.22a30.35 50.10a.50% 30.31a30.45 .50% .38a32% 30.28a30.35 10.25al0.28 23.50a24.50 4.68a4.70 36.38a361,16 10.25al0.34 23.50a24.50 4.67a4.70 36.38a36uie ,61a33*i6 .50% 30.27a30.39 50% a50% .59a33.00 30.27a30.34 10.25al0.27 23.50a24.50 4.66a4.70 36.09a36»i8 10.25al0.27 23.50a24.50 4.67a4.70 36.16a36ni6 .13a32% 30.25a30.34 30.24a30.34 .50% 59.81a60% 59.88a60% 38.36a38»i6 .38a32% 10.25al0.27 23.50a24.50 4.67a4.70 36.13a36lli« 10.25al0.27 23.00a24.50 4.67a4.70 36.59a37»i« 10.25al0.27 23.00a24.50 4.67a4.70 36.41a36ui6 ,28a32% ,84a33% ,69a33% 30.24a30.32 .50% 59.88a60% 38.35a38% 30.25a30.34 .50% .50% 59.88a60% 38.34a38.50 68.20a68.25 10.25al0.27 23.00a24.50 4.67a4.70 36.66a374e SUN DAY 10.25al0.27 22.50a24.50 4.66a4.70 36.66a3746 ,97a33% 30.28a30.35 .50% 59.88a60.15 38.37a38.55 68.20a68.25 10.25 .50% 38.39a38.68 68.30a68.50 38.53a38.70 68.20a68.25 38.44a38.60 68.20a68.25 38.38a38% 68.20a68.25 38.40a38.60 68.10a68% SUN DAY 17— 26.00 61.25a62.00 16.00 18— 26.00 61.16a62.00 16.00 80.50a80.52 29.85 19— 26.00 60.98a62.00 16.00 80.50a80.53 29.85 21— 80.47a80.50 29.85 20... 26.00 61.16a61.54 16.00 80.50a80.70 29.85 22— 26.00 61.25a61.73 16.00 80.50a80.62 29.85 23— 26.00 61.16a61.25 16.00 80.50a80.55 29.85 24... 26.00 16.00 80.45a80.50 29.85 61.16a61.25 10.25al0.27 22.50a24.50 4.67a4.68 36.81a37ci6 10.25al0.26 22.50a24.50 4.65a4.68 36.56037*16 10.24al0.25 23.00a24.50 4.65a4.68 36.44a3616it 10.25al0.26 23.00a24.50 4.66a4.68 36.50a3616i6 25... 26.00 61.07a61.25 16.00 80.48aS0.50 29.85 26— 26.00 61.07a61.25 16.00 80.23a80.50 29.85 26.00 60.61a60.75 16.00 80.25a80.50 29.85 10.25 80.25aS0.50 29.85 10.25 27— 10.25al0.26 23.00a24.50 4.66a4.68 36.42a36% 30.25a30.34 .50% 59.94a60.15 68.10a68% 38.35a38.60 68.10a68.37 38.36a38»i6 68.10a68% 68.25 94a33% 30.26a30.31 .50% 59.81a60% lla33»18 30.24a30.28 .50% 59.88a60% 38.23a38% ,88a33% 77a33Ji6 30.16a30.26 .50% 59.75a60.00 38.18a38% 68.20a68.37 30.15a30.25 .50% 59.56a60.00 38.19a38% 68.10a68.25 ,83a333i« 30.17a30.22 .50,% 59.69a60.00 38.24a38.30 68.10a68.25 72a33% 30.18a30.23 .50% 59.63a60.00 38.15a38% 68.15a68.30 69a33% 30.16a30.22 50.00a50% 59.56a60.00 38.16a38% 68.05a68.25 67a334e 30.14a30.17 49.90a50.00 59.56a59% 38.14a38.30 67.95a68.00 30.07a30.10 49% a50.00 59.38a59% 38.02a38.15 67.85a67.90 38.28a38.45 68.20a68.37 68.25 SUN DAY 26.00 60.06a60.75 16.00 26.00 59.17a60.75 16.00 30— 31— Checks 30.26a30.40 .55a3116i6 22.50a24.50 4.68a4.71 37.16a37uic 22.50a24.50 4.68a4.71 36.38a3616i« 10.25 13— 29—. Checks ,23a31»ie SUN DAY 10— 28— 22.87a24.50 4.69a4.71 35.03a3513i« 10.23al0.25 22.87a24.50 4.68a4.72 35.44a361ie 10.18al0.25 22.87a24.50 4.68a4.71 35.4103646 23.00a24.50 4.65a4.67 36.38a3613i6 23.00a24.50 4.65a4.67 36.34a36"16 HOLI DAY 80.25a80.50 29.85 10.23al0.25 23.00a24.50 4.64a4.67 36.22a36"i6 32.56a33.00 FRANCISCO STOCK EXCHANGE RANGE OF PRICES ON THE SAN . - Jan. 1 to May 376,996 2,430,294 31 In Jan. 1. 11,000 500 1,500 191,500 520,000 RANGE SINCE JAN. PRICES IN MAY. 1. Price BONDS 1934. 5,000 4,000 6,000 29,000 2,000 85,000 9,000 1,000 1,000 1,000 1,000 1,000 2,000 6,000 4,500 2,000 5,000 6,000 7,500 1,500 10,000 2,000 1935 77K 103K 103K Co 6s 1935 Calif Gas & Elec Corp 5s_1937 Calif Packing Corp 5s 1940 Coast Co G & E Co 5s .1960 Associated Oil Co 6s Atlas Diesel Engine Lowest. Highest. Sale Prices. Sale Prices. Prices. 8034 May" ~4 '8034 May""4 Feb. ----- 80 ..... Apr. 104 101 101 .... 8134 9634 85 84 9634 May 5 104 5* 5 18 Jan. 3 Jan. 26 3 10334 Mar. 48 5734 85K 1935 5s_1947 87 5Hs 6s 1055* 1 10534 May 10534 May Sale 1941 Jan. 5 8 Feb. I3 10634 Jan. lo 105 10634 Jan. 97 99 9734 98 90 104 98 1969 3 10434 May 29 May 104 Feb. May Apr. 25 10434 May 2q 70 90 1938 1952 Southern Pac Co 4 As 1 10634 Apr. 25 10634 Mar. I Feb. 105 1952 Ry Equip & Rlty Co 6s S J Lt & Pr Corp 6% Feb. 80 10634 Mar. Pacific Tel & Tel Co 5s... 1937 3 3434 Mar. 22 101 Jan. 103 34 Feb. 1 14 18 6 9434 Mar. 4634 Jan. 11 3234 Apr. 1952 Apr. 1 10334 Mar. Feb. 80 101 26 Jan. Apr. iK* 9434 Mar. 4634 Jan. Orpheum Thea & Rlty 6s 1946 Pacific Gas & El Co 5s...1942 4 Feb. Jan. 6934 2 Mercantile Amer. Rlty 5s. 1951 5s.. Jan. 8034 May 5 10 10034 Apr. Feb. 27 90 84 81 5* May 22 84 —- 1947 Miller & Lux Inc 7s Jan. 98 Gas & Elec Corp 6s'42 Nor Amer Invest Corp 5* 27 10334 Mar. 12 101 71 69 Food Mach Corp ser B 6s. 1938 5Hs Feb. 87 Emporium Capwell 5 Hs._1942 Los Ang Highest. Sale Prices. Sale Ask. Ask. Bid Bid. Lowest. May 31. 1. May Ask Bid. f % 2', 656 $144,000 Jan. 2 Since May. $15,000 Jan. 1 to May 31. 3,042,713 SAN FRANCISCO STOCK EXCHANGE AGGREGATE SALES. 1933. May 1,237,610 Shares r 1934. Bond Sales. 1933. 1934. Stock Sales. May Mar. Mar. 70 Mar. li. 112 Mar. 2r 112 Union Oil Co of Calif 6s. .1942 STOCKS Par. 11,067 Alaska Juneau GoldMcap.10 50 Alaska Packers Assn cap..100 16,369 Anglo-Calif Nat'l Bank—.20 8,681 Assoc Ins Fund Inc com caplO 82 Associated Oil Co capital..25 11,294 Atlas Imperial Diesel Eng A * 1,515 Bank of Calif Nat Assn caplOO 79,628 Byron Jackson com cap....* Shares. Shares. 1,300 20 6,384 1,225 "2",375 58 16,368 6,357 2,400 100 "l",575 480 25 11,582 18 370 il",594 " 2"44 212* 80 Sale K IK 85* 51,545 Calamba Sugar Estate com 20 6,750 Preferred 20 545 Calaveras Cement Co com..* 5 Preferred 100 9,754 California Copper cap—...10 6,321 Calif Cotton Mills cap___100 1,764 California Ink Co Inc A * 256 Calif-Ore Power 7% pref.100 107,102 California Packing cap * 124 California Water Serv preflOO 370 Calif West States Life Ins...5 1,634 Voting pool 10 98,235 Caterpillar Tractor cap * 4,058 Clorox Chemical A * 966 Coast Cos Gas & El 1st pf 160 Consol Chemical Industries 20 A 19 % 1,051 1,181 4^ Sail* IK 20K 192* 1 % 10 23 K 42 J* 1?K 332* Sale Sale 20 A 65 30 K 27 16K 17 25 18 55 642* IB 25 4A 34 Sale" Sale 35 1,650 13,715 72 458 5,694 125 77,539 2,477 62* 22 Sale IK 21 20 K Sale 6 17 49 22A 7 21 Sale 142* 10 IK 12 Sale Sale 20 K IK K K 9 11 26 Sale Sale 75K 7 29 11 IK May 28 202* May 28 75 May 5 13 K May 21 IK May 3 10 192* May 16 1 May 2 19 K May 1 19 May 25 K May 10 72 May 7 11K May 29 42 2* May 34 K May 1 1 30 K May 42 40 29 73 76 73 13 May 23 May 8 112* 68 30 72 27 29 6 54 K 54 K Sale 55 Sale Sale 26K 27 K 71K 27 30 74 25K May 14 May 2 252* 230K Sale 13 72* 20 K 57 K 16 18 22 K 72* 22 Sale 18 Sale 2 2 2K 37 8 32 33 K Mar. 21K May 26 May 22 1 May 2 26 Sale 27 25K May 14 27 K May 2 5 Sale 4K May 14 May 7 51K May 11 6 May 1 55K May 31 55 May 3 70 552* Sale 55 55K 50 22 K 22 K 21 May 10 15 52* 20 K 7 21 56 Sale 17 K 18 K 19 Sale IK 2K May 28 72 22 1 May 28 May 28 19 A May 55 18 May 18 7K May 2 20K May 11 58 May 1 8 19 K May 16 Feb. 13 1 20 47 K Apr. 19 Apr. Jan. 26 2 4 Jan. 30 Jan. 27 5 19 Jan. 4 2oH Jan. 645* Jan. 17 11K May 29 8 Apr. 5 4 23 K Jan. 5 22 A Jan. 58 Jan. 3 34 Jan. 34 Jan. 21 May 28 Feb. 2 May 28 Jan. Jan. 15 95 405 490 5,132 180 118 * * 1,065 common (capital)— 2,556 General Paint Corp A 2 229 B 20,244 Golden State Ltd cap ..* 3,330 Haiku Pineapple Ltd com..20 858 Preferred.. ...... 25 34 5* 4K IK 5 8K IK 5K 1 1A 5 IK 4K 5 42* 35 9K 12* 52* Sale 9K IK 52* 8K IK 5 IK IK 5 15* Sale 5 8 25K Mar. 9 20 Jan. 11 1 Apr. 20 47K Apr. 19 K Feb. 5 125* Feb. 20 25K Mar. 15 45 Feb. 16 34 K May 1 73K Apr. 25 13 May 8 19 Feb. 6 33K Apr. 23 28 Mar. 19 74 Apr. 27 12 5 May 28 20K Jan. 8 8K Feb. 5 21 Feb. 8 22 615* Feb. 9 Mar. 26 9 16 6 205* May 4 3 Jan. 22 17 K May 2 May 20 K May 10K Jan. 15* Jan. 33 K May May 24 IK May 8 5 May 24 335* May 21 9K May 12 1K May 12 5K May 2 32K Feb. 5 6K Jan. 15 4K Mar. 27 7K Feb. 1 3 4K May 10 9K May 19 IK May 3 5 May 17 10K May 18 IK Jan. 9 4K Apr. 30 9K May 19 2 Feb. 8 5 4 2K May 12 9 9 I K May 1 Jan. 325 3,999 Hale Bros Stores, Inc. cap..* Hawaiian Commercial Ac Sugar 10 11 10 12 10 12 407 2,901 25 44 46 40 K 42 40 42 40 3 42 May 17 40 28 29 30 29 30 29 K May 21 30 12 12 A 125* 14 Sale May 12 14 May 14 May 24 11 7 8 11 501 497 Investors Assn The (capital)* 500 4,195 Jantzen Knitting Mills com.* 5,989 Langandorf United Bak cl A * 5,908 Class B * Leighton Industries Inc(The) 100 Class A series 1 * 4,627 Leslie-Calif Salt Co capital.* 1,576 L A Gas & Elec Corp pref..100 2,710 Lyons-Magnus Inc A._ * 16 255* Jan. 115* Jan. 90 1,544 Co of Calif capital 10 7.779 Honolulu Oil Corp Ltd cap.* 718 Honolulu Plantation cap..20 5,218 Hunt Bros Packing Co cl A..* 410 Hutchinson Sug Plant cap.15 25 Co., Ltd. capital... 6 May -Jan. Galland Mercantile Laundry 33 11 27K Apr. 26 237K Mar. 19 6K Apr. 27 56 Apr. 27 565* Apr. 27 24A Jan. 222K Feb. 45* Jan. 6 18 Feb. 15 35* Jan 15 6 5 2K Apr. 395* A 75* Apr. Jan. Jan. K May 31 1 Jan. 20 May 13 K May 21 2 1 3 30K 75 Feb. 85* Jan. 121 10 K May K May 1 82* May 16 235* Jan 175* May 70 May 14 May 8 May 8 7 52* May 5 141K May 11 144 8 6K May 2 23 K 37 22 192* 12* 145 7K 230 Sale 172* May 70 2* May 11 May Sale 35 6 142 90 Di Giorgio Fruit 35 320 Sale Sale 21 34 preferred... El Dorado Oil Works cap...' Emporium Capwell cap.....' Fireman's Fund Indem cap 10 Fireman's Fund Insur cap 25 First Nat Corp of Portland A • Food Machinery Corp com..* Foster & Klelser com 10 7 35 19K 201 871 16", 267 13 K 143 18 A * Inc class A partlc pref 70 38 6K 141 21 ctfs * * • 14,974 90 "i",670 Sale 20 45* 75H 23 128,201 Crown Zeller com vot tr 6,673 Preference series A 4.778 Preference series B 192* 80 12 38 "VA "2A 120 X 125 3 K Sale 173 CrockerFirstNatBk SFcaplOO 1,110 lb",348 UK IK Sale 75 192* 22K 50 May May 3 345* Feb. 1 9K May 12 2 Feb. 5 5K Feb. 11K Feb. 21 52 Jan. 30 Home Fire & Marine Insur 103 745 """510 477 100 797 205 200 32* 7 i* 6 14 3 10 10 7,739 Merchant Cal Mach Co com 10 No par value. 4A 81 164 * 15 24* 8' 200 I 9 9 3] B 6 10 79 * 2 559 21K 23 6F814 Magnavox Co Ltd"capital...* 5,115 Magnin A: Co (I) common...* 70 Preferred 100 170 9,152 132* 61 4 Sale 70 1 Sale 80 IK 7K 10 6K 7 11K 32* Sale 122* 8 82* 12 K 4K 10 5 K 5 11 3 13 50 24 6 6 11 11 6 7K 12 3K May May 6K May 2 7 May 22 115* May 19 3K May 11 7K May May 1 8 6K May 2 7 A May 18 12 May 2 3K May 11 Apr. 4K Jan. 7 Jan. Jan. 10 6K Jan. 22 105* Apr. 7 35* Apr. 23 5 K Feb. 252* 91K 8K 2K K 8K 90 12* 252* 94 27 89 6K 9 4 2* 10 Sale 22* 2K 7 83 K IK 91 10 35* 9" 90 25K May 90 May 75* May 2 May K May 8K May 85 May IK May 3 11 12 7 10 23 29 11 Jan. 26 24 92 79K Jan. 5 75* May,>12 2 May 7 K Jan. 3 7K Jan. 5 85 May 29 IK Jan. 10 May 19 May 4 8K May 4 2 May 7 5* May 22 8K May 7 May 1 90 IK May 11 Feb. 13 15K Feb. 5 54 Mar. 13 8K Apr. 18 11 Mar. 22 31 7 Jan. 8 Apr. 16 11 14K Jan. 24 5 Jan. 24 K Feb. 2 26 May 19 94K Apr. 20 1 11 Feb. " 4 Feb. 1 1 Feb. 16 105* Feb. Apr. 3 14 2K Jan. 24 90 AGGREGATE SALES In PRICES IN MAY. SAN FRANCI8CO STOCK EXCHANGE STOCKS Par. Bid. Ask. Ill Market St Ry Co common. 100 115 393 8 127 Prior preferred Second preferred May 1934. Shares. 16 1. Jan. 2 Jan. 1. Shares. RANGE SINCE JAN. Price Since IMay. 71 SAN FRANCISCO STOCK EXCHANGE June, 1934.] Bid. 1. Lowest. May 31. Ask. Bid. 1 Ask. Sale 2 1# May 4 8# May 25 2# May 4 85 83# May 14 85 93# 10# 5# 31# 28# 8# 3 1# May 9# May 2# May Highest. Sale Prices. Sale Prices. 87 1# ......100 100 Lowest. Highest. Prices. 4 9 4 Sale Prices. 1# May 4 4# Jan. 30 2# Mar. 21 1# Mar. 5 10# Mar. 16 2# Mar. Mercantile Amer Realty Co 115 551 1,358 25,478 39,414 35,636 120 120 107 210 325 122 14,115 10,615 4,005 2,120 1,543 9,098 41,689 859 350 2,699 15 1,124 cumul 100 * 449 North Amer Inv Corp com. 100 982 6% preferred -...100 290 5# % preferred 100 50 1,940 preferred 6% Natomes Co capital New w 1 15,644 North Amer OH Consol cap. 10 2,865 Occidental Insurance cap..10 3.045 Oliver United Filters Inc A..* B » 8,588 557 104,857 77,450 25,047 26,402 9,056 23,049 85,902 3,825 2.046 31,729 1,788 1,730 PaauhauS&garPlantCo capl5 Pacific Gas & Elec Co com.25 6% 1st preferred 25 5#% 1st preferred......25 Pacific Lighting Corp com..* $6 dividend pref ..* Pac Pub Serv First * com non-vot preferred.. 100 Parafflne Cos, Inc., com * Phillips Petroleum Co cap..* Pig'n Whistle Corp partlc pf * 15 Ry Eq & Rlty Co Ltd cl A * 2,195 Ry Eq & Rlty Co Ltd 1st pref • 10 244 Preferred 140 Preferred series 2 150 245 Convertible preferred 4,133 16,852 3,357 series Rainier Pulp & Pap cl A com * Roos Bros Inc common.. 1 4,115 15 1,609 Schleslnger & Sons cl A 561 52,957 1,706 18 27# 100 Corp com.. • 5#% cum conv pref.... 100 10 Sherman, Clay & Co pr pf. 100 1,462 470 580 11,274 6,125 Socony-Vacuum Corp cap..25 61,118 Sou Pacific Co com (cap'l).lOO 13,043 Sou Pac Golden Gate cl A__» Class B * 8,487 1,653 Spring ValleyCo Ltd capital • 59,990 Stand OH Co of Calif capital * 30 725 Teleph Investm't Corp cap.20 787 Thomas Allec Corp class A..* ~3~, 503 90,093 25,337 Tide Water Assoc Oil Co com • Preferred 100 3,644 695,046 Transamerlca Corp capital..* 6,249 2,670 44,278 Union Oil Co of Calif cap..25 13,009 Union Sugar Co common..25 825 110 464 2,848 57,764 100 111 400 1,356 Preferred 25 ... United Aircraft & Trans com* Warrants 115 Weill & Co (Raphael) pf.100 1,353 WellsFargoBk 9c UnTr cap 100 1,250 West Amer Finance Co pf._10 Western Pipe 9c Steel of Calif common 10 16,465 Sale # 30 18 Sale 23# Sale 72g Sale O Sale 75 102# 105# 27# Sale 17 15# 1 # IVA 87 18 Sale 20 10# 2# 20# Sale 3# 5 4# 18# Sale 22# Sale 19# Sale 33# Sale 19# Sale 13 3# if* .11* 1 1 1# # 4# Sale 7# 77 82# Sale 111 110# 111 35 35# 34 18 18# 17# 1# # # 292 609 (Consolidated) cl A ser 1.50 5 Sale Sale Sale Sale Sale 113 Sale 14 1# 17 5# 5# 5 7 5 3 # Sale 10 7 Sale 7 1# 25# 7# 70 w 70 # $ I .!?* "75 48 95 77 Sale 9 Sale 71# 77# 73 50 65 95 30 28 19# Sale 4 60 183 15# 25# Sale Sale Sale 17 Sale 17 20 22# 23# 9# 89 2M 7§a „?.*. Jan. 6 12 22 16 16 4 6 17! Jan. 2 h* 89 2 7 7 12 22 10 22 1 May 13# May 5 May 8 May 3# May 29 May 7# May 28 28 7 28 28 9 5 23! Jan. 3 71! Jan. 9 89 Feb. 26 8 j i; 71 103 Jan. Jan. Jan. 25# Jan. 2 5 31 11 75 May 4 5 2 May 1 8# May 14 73 78 9 May 19 May 28 May May May 1 1 2 17 May 28 5 # Jan. 19 2 73 75 15 May 15 20# 6# 4# 5# 30# May May May May May 14 18 14 2 14 26 29 30 1# 12# Sale 81 82# 15# May 9 May 1 7 May 3 4# May 10 5# May 10 34# May 1 May 17 29 May 17 11# May 14 78 May 14 5# May 14 13 May 85 May 6# May 2 1 1 6 Sale 16 Sale 17# 20# 6# 20 21# 15# 5# 17# 19# 17 May 1 6# May 28 17# May 15 22# May 3 May 11 May 24 May 17 May 8 7 86 2 20 Jan. 9 Jan. 84 . 67# Jan. 68# Mar. # Feb. 2 May 8# Jan. 62 78 # 2# 11# 86# 75 Jan. Jan. 90 Apr. 19 15 May 15 18# Jan. 5 Jan. 5 9 3# Jan. 5 4# Jan. 29 30# May 14 28# 3 # 8# 64# 5# Feb. 28 Mar. 23 Jan. 5 Jan. 2 May 14 # # # # 10# 12 9# 10# 9# 9# 2# 4 4# Sale May 2 220 May 25 9# May 15 4 May 31 May 21 May 25 10# May 4 9 May 31 Jan. 16# Mar. 19# Feb. 14# Feb. Mar. 12 Apr. 17 11 16 29 May 28 Feb. 6 Apr. 14 Apr. 26. 'May 28 Feb. 8 9 Apr. Jan. 29 Feb. 21 5 Apr. 55 Feb. Feb. Feb. Mar. Mar. Apr. Jan. 30 Jan. 9 3# Jan. 29 1 6 5 14 21 18 30 14 Apr. 20 85 May 8# Feb. 1 5 5 Feb. 98 Jan. 220 # Jan 8 5 4 1 3 Apr. 19 May 21 Feb 1 14 Feb. 5 4 Jan. 22 1 9# May 15 Jan 6 19# 33# 7# 5# 5# 42# 185 3 Feb. Mar. 14 20# Feb. 7# Apr.4 19 Apr. 37# Feb. 14# Feb. 15# May 4 6 14 13# May 28 5 Apr. 23 8 May 28 3# May 28 29 May 31 Mar. 27 Apr 17 Jan. 30 Apr. 20 1# Jan. 1 81 214 5 11 23 1# May 28 8 May 28 2# 1 # 17# 5# 48 May Feb. Mar. 4 111# Apr. 36 Apr. 1 Jan. Jan. 4 Feb. 26 2 Jan. Feb. Apr. 27 4# Apr. 26 23# 23# 21# 36# # Jan. 28 Mar. 11 Jan. 2# Jan. 20 May 33* May May May 28 May 28 1 82# May May 28 May 2 7# Mar. 12 Apr. 18 33 30 7# May 23 14# Jan. 10 8 15# 16# 21# 21# 6# 7 4# 5 5# Sale 32# Sale 4 Jan. 17 75 98 211 218 17 May 122 Apr. 4 10# May 21 85 3 100 11 May May May May May May May 5# 1 # 25# 7# 9 Jan. 87# May 7# ..... 6 ----- Jan. 8# May 15 4# Jan. 15 16 5 2* o 213 Jan. 61 15# Jan. J<vn. 19! 4# May 18 ..... 95 189# # # 32 73 18# May 22# May 28 30 1# 12# 84# 6# 5 15# 20 32# Sale 12# 14# 75# 109# May May May May May May May May May May May 1 19 May 25 10# May 1 3 May 2 86 58 16# Sale 7 7# 4# 5# 5# 6 34# Sale 31# 4 Sale Sale Sale # 4# 2 7# May 77# 16# Sale 19# Sale 5# 6 3 3# 5 4# 41# Sale 3# 8# 64# 6# 81 10 Sale 76 # # 4# 16# 21# 19# 30# May May 22 May 1 May 21 May 1 May 18 May 11 75 29 87# 2 3 ..... 2 6# "86" 65 May 25 9# May 2 13# 8# 8# 3# 27# 7# May 23 1 13 May 14 May 15 May 7 May 7 May 10 19# 1# 1 5# 8# 5# 29# 27# 19 21# Sale 19# Sale Yellow 9c Checker Cab Co— •No par value. 8# 35 30 7# Sale Sale 5 4 16# 5# 28# 27# 31# 10# 3 "9# Sale" Sale 8 2h 4# 1# 34 Sierra Pacific El Co pref..100 ■. 504 11,288 7# 19 15 14 com * Preferred Shell Union OH 8# 8# * 180 100 265 San Joaq Lt 9c Pr prior pf.100 Prior pref series A 56 100 33 '"248 6 23 14 2 Series A preferred ""43 4 14 2 1 Sale 9i* *88 * Preferre d 84 83 75 62# Pac Tel & Tel Co common. 100 80 299 73 Los Angeles Stock Exch. MONTHLY AND YEARLY RECORD STOCK EXCHANGE RANGE OF PRICES ON THE LOS ANGELES 1934. Stock Sales. Jan. 1 to May 31_._ May. Jan. 1. BONDS 1934. 255 1,600 1,200 250 450 2,700 250 2,100 1,500 200 2,100 945* 104 81 82 ...1961 So Calif Gas 45*8 STOCKS. 5* 25* Preferred 100 25 25 3,000 Barnsdall OH Corp A Bolsa Chica Oil Corp A. 10 "B" 10 500 707 Broadway Dept Store pfd.100 2 "5l" 25 1,718 Central Investment Corp.100 * 10,400 Chrysler Corp 195* 20 2,350 Citizens Nat Bank 26,200 Claude Neon Elec Prod Ltd.* 24,500 Consolidated Oil... 23 5* 75* 105* 11 9,500 Douglas Aircraft Inc 23,800 Emsco Derr 8c Equip Co 145* 145* Hancock Oil Co A 5,800 3,116 12,000 2 4 310 ...1 300 10 800 622 1,150 10 Preferred series 10 D .25 25 25 10 * 1,800 Pacific Pub Serv pffef 103 Pacific Tel & Tel 25 mm mm 5 mm ^ 35 71 2 % 15* 465* "ii 12 215* Sale 7 16 305* 3 55* 355* 35 61 65* 75* 70 7 195* 6 5* 5 44,700 Republic Pete Co Ltd 15* Sale 78 5* 15* Sale ..... 35* 92 25* "93"" 15* 15* 45* 5* 75* 45* ----- 5 6 75* Sale 95* 85* 95* 16 X Sale ----- 195* 20 175* 75* 235* Sale 18 9 4 10 8 Sale 5* 25* -i 55* Sale 95* Sale 75* 85* 185* 185* 215* 225* 195* 205* 325* 865* 24 65* 10 45* 75* Sale 25 53,000 So Calif Edison Ltd com...25 3.501 Original preferred......25 13,400 7% preferred...........25 28,700 6% preferred........ 25 55*% preferred 25 28,500 100 So Calif Gas pref "A" 25 250 So Counties Gas 6% pref.100 100 26,900 Southern Pacific Co 150 Square D Co A pref .* 12 X 30 X m 15* 155* 165* 155* Sale 31 205* Sale 175* Sale 16 Sale 20 75 20 Sale Sale Sale 180 Superior Oil common ...25 3 19 2,300 Taylor Milling * 1,780 Title Insur 8c Trust Co....25 _...* 146,500 Transamerlca Corp 7 12 21 991 Union Bank 8c Trust Co..100 9,200 64,400 Union OH of C,alif 25 1,326 Weber Showcase 8c Fix pfd._* 10 100 Western Pipe & Steel 21 Sale 6 5* Sale 100 110 185* 35* Sale 7 8 2 65* May May 31 May 3 May 375* May 215* May 95* May 95* May 16 1 4 10 10 14 16 23 12 May May May May May 23 May 105* May 115* May 4 16 10 23 7 14 2 2 75* 165* 315* 35* 445* 125* Jan. 105* Feb. 14 May 28 55* May 24 285* May 24 May 28 55* May 11 345* May 3 12 10 11 Mar. Feb Feb. 6 Jan. 66 Jan. 675* May 1 25* May 19 55 895* May 19 3 May 24 92 71 7 May May 10 22 23 ..I. 88 May 35* May 7 1 May 12 May 18 85* May 8 95* May 1 75* May 17 4 45* May 8 5 May 8 105* May 17 95* May 1 75* May 17 17 May 14 215* May 31 195* May 15 8 May 3 30 May 14 815* May 31 22 May 25 15* May 24 45* May 23 82 May 2 7 May 14 185* 215* 195* 85* 32 865* 24 15* 65* 82 75* May May May May May May May May May May May 2 31 4 14 17 2 1 26 26 2 15 Apr. Apr. 15* Jan. Apr. 73* 8* Feb. 95 Jan. J* Sale 20 23 10 11 24 Sale 65* Sale 79 100 16 Sale 3 95* iiH 4 4 Feb. Feb. . 8 Feb. 14 5* Apr. May 12 May 18 10 Mar. 22 75* Mar. 6 85* Mar. 28 11 May May May May May May May May May 28 3 21 11 11 7 31 31 31 85* 3 155* 16 325* 22 5* 185* 165* 885* May 3 205* May 11 3 36 Jan. 9 215* Jan. 2 885* 285* 15* 65* 84 Mar. 20 18 1 Apr. 26 3 Jan. 16 80 Feb. 1 65* Jan. 4 Apr. Mar. 15 May May May May May 34 May 28 24 May 4 195* May 4 175* May 2 30 155* 155* 315* 205* 175* 155* 225* May 11 Jan. 4 Jan. Jan. Jan. Jan. Mar. 885* May 255* May 75 Jan. 105* May 22 215* May 22 55* May 14 80 May 15 15 May 14 4 May 22 11 May 19 245* May 11 65* May 1 80 May 15 165* May 2 45-* May 8 1 4 3 71 11 80 345* May 19 May 3 31 7 Feb. r en 16 Feb Mar. 15 Feb. 16 Feb. 16 Mar. 16 Feb. 3 May 26 May 26 3 305* May 16 19 May 4 20 17 Jan. Jan. Jan. Jan. I§ 3 1 Jan. 17 Jan. May 335* 85* 45* 165* 175* 55* Feb. 5 5* Feb. May Jan. Jan. 105* 95* 85* 95* 23^8 235* 225* 205* 95* 195* 185* 75* 235* 35* May 8 25 5* Feb. 9 85* Mar. 16 31 Mar. 12 16 45* May 88 1 15* Mar. 31 75* Jan. 9 6 35* Apr. 20 Jan. 75 35* May 865* May 29 1 33 4 May 4 1 85* Feb. 295* Apr. 19 55 Apr. 19 35* Mar. 14 5* Apr. 5 65* May 12 9 315* Sale 815* Sale 5 71 675* May 1 25* May 12 Jan. 100 4 4 May 4 65* May 19 4 175* 215* Sale 185* 195* 27 415* Feb. 21 745* Jan. 10 285* May 745* Jan. 35* 35* 55* 85* Sale 95* 65* 85* 255* Sale 45* 31 85* Apr. 25 Apr. 23 125* Jan. 25 8 885* 225* Sale 45* 6 17 13 5* Apr. 354 Jan. 7 17 23 Feb. 125* Feb. 145* Feb. 28 5* Jan. 75* Jan. 15 95* May 12 325 23 775* 100 17 165* Feb. 28 May 16 45* 155* 165* 175* Sale 325* 35 235* 24 195* 20 175* 175* 17 Mar. 12 4 60 Mar. 27 20 8 315* Sale 8 85* 25* 45* 155* 155* 165* Sale 335* Sale 225* Sale 185* Sale 165* Sale 15 105* 26 245* 65* Sale 11 10 May 16 5* ,105* Jan. 2 375* May 14 8 86 345* Sale 75* May 4 235* Jan. 24 315* May 10 85* ----- 19 76 12 11 May 2 155* Jan. 2 20 Jan. 3 75* May 29 7 Jan. May 5 300 5 325 195* May 6 5* May May 325 Feb. 15 Jan. 5 Sale Sale 95* Sale 7 2 325* Mar. 16 9 5* Feb. 3 45* Jan. 16 25* Mar. 26 Jan. 75* 33 Feb. Feb. Apr. 195* Jan. 4 16 15* Jan. 65* 1 41 75* May 35* May 31 2 6 4 8 ~80" * Odd lot. 235* Jan. 24 16 16 14 6 May 22 75* 9 4 Standard Oil of Calif a 195* May 5* Jan. 4 May 325* Mar. 75* May 25* May 15* Mar. 515* Jan. 5 22 Sale 3 45* May 28 May 22 15* 75* * 6,100 Shell Union Corp com No par value, 935* Jan. 8 945* May 25 5 15* 75* 800 270 65* 275* 15* 45* 8 9 335* 875* 5* _ 670 Prices. 8 945* May 25 100 15* 55* 4 75* May 16 25* May 14 71 5* 45* 36,300 Security First Nat Bank...25 17,600 6 .100 * May 24 185* 25* Sale 5* 90 895* 4 35* 7 4 3 X 4.750 800 600 180 195* May 4 76 55* 35* Sale 5 21X 5* 25* 5* 101 7% pr pref._100 100 Seaboard Dairy Credit com. * 58 Seaboard National Bank..25 400 205* 75* 360 68 2 3ff S Joaq L & P 39,600 305* Sale 28 285* ""26 lb", 200 20 70 87 2,800 745* 75* 275* 75 9 175* May 12 Sale Prices. 93 5* Jan. 905* 8 67 70 3,600 945* May 25 12 65* 355* 885* 66 70 9,400 750 3.000 4,100 945* May 25 25* 395* 225* Sale 95* 10 10 105* 325 340 8 3 39 18 100 2 new com 9,600 Pacific Western Oil Corp 1,100 Signal Oil-Gas A 6,800 Socony Vacuum Sale 28 "l2" 7 5 San Joaquin L&P 6% pr pflOO * ----- 12 7 m. » 10 800 Pac Public Service N \ com.* 500 1,100 2,200 • com Preferred 9,900 Pac Gas 8c Elec com 1st pref 6%. 4,200 5 5*% preferred 3,700 3,600 Pacific Indemnity 8,100 Pac Lighting Corp com 6% preferred 1,366 6,400 Pacific Mutual Life Ins 1,800 500 100 L A Investment Co 700 Pac Amer Fire Insurance._10 1.500 Pacific Clay Products 31,200 Pac Finance Corp common.10 Preferred series A 10 2,600 Preferred series C 10 1,000 1,700 205* 75* 317 10 L A Gas 8c Elec 6% pref 10 33 Moreland Motors pref 385 Mortgage Guarantee Co__100 300 105* 115*. 20 4 68 75 265* Lockheed Aircraft 100 (I) Magnln common 200 Monolith Portl Cem 2~8o6 85* 100 85 L A Athletic Club 3,000 • ... 300 Holly Sugar common. Preferred.. 21 ""346 300 85* 35* 25* 65* Sale 185* 345* 455* 19 73 310 Goodyear Textile pref 100 255 Goodyear Tire 8c Rub pfd.100 127,900 200 1. Highest. Lowest. Sale Prices. Sale Prices. 1 55* Preferred 12,800 400 195* 29 275 * ; 25 1,800 Globe Grain & Milling 3,400 Goodyear of Akron com....* 100 1045* 1045* 1045* 955* 955* 95 16 34 3 Sale 10 600 Gilmore Oil '"""16 24 5* 20 5 2 59 * * 89 Farmers & Merch Nat Bk.100 20 200 69 4 35* 195* 10 6,100 8 35* * 174 700 2,000 85* 35* 25 5,200 Byron Jackson 3,700 California Bank 715 Calif Packing Corp 195* 5* 45* 75* 100 Food Machinery 700 225* Sale 3 5* 3 11,600 5 300 945* Ask Highest. Lowest. May 31. 1. Ask. Bid. 26 22 800 Associated Gas & Electric..* * 135 Barker Bros common "266 RANGE SINCE JAN. Par. Alaska Juneau Gold Mln'g 10 3,800 115 1,600 Bid. 935* 2,000 1,000 Shares. 300 May Ask Bid. S Shares. 123,000 Jan. 2 Since S 3,000 Price STOCK EXCHANGE In "i",66o $28,000 May 31 PRICES IN MAY. LOS ANGELES AGGREGATE SALES. $1,000 - Jan. 1 to 1933. 1934. May 449,740 1,151,261 Shares 159,298 >1,116,857 May Bond Sales. 1933. Mar. 27 85* Jan. 13 2 18 Jan. __ 85* Apr. 23 55* Jan. Apr. Apr. 5* Feb. 8 5* Mar. 365* Jan. 115* Jan. 45* Apr. 195* Feb. 75 88 17 25 25 9 16 30 29 30 5 Feb. 6 375* Feb. 255* Feb. 15 Feb. 17 22 22 6 195* Feb. 23 225* Mar. 7 Feb. 28 185* Jan. 8 Apr. 305* May 16 19 May J 4 33 5* Feb. 5 Feb. 28 8 12 5* Apr. 28 Feb. 20 55* May 14 85* Feb. 5 Jan. 3 9 20 89 Jan. 26 100 75 Feb. 15 May 14 Feb. 20 4 125* Jan. Apr. 27 425* Jan. 30 4 19 May 9 26 20 5* Feb. 4 5* May 125* Jan. 14 5 8 26 records of the dealings on the leading stock exchanges of calendar year to date, are furnished. In this department of General Quotations we combine in one comprehensive whole, securities of all classes and descriptions, not only those dealt in on the exchanges, but also leading unlisted and inactive securities. The following is an inde* this publication complete In the earlier part of ths country, for the latest month and for the different classes of securities quoted: to the 89 Federal Land Bank Bonds Industrial Insurance Municipal Bonds (Domestic) __ Investment Trust Securities 78 Quotations Exchange oegan for all securities are to the as pay 73 Bonds Railroad 77 Stocks. Real Estate Bonds 91 Textile Stocks 90 Title Guarantee and Safe Deposit Stocks.- 91 United States Government Securities 96 United States Territorial Bonds 96 Real Estate Trust and Land Stocks as possible for the closing dag of the month preceding the date of issue. As the New York Btsck all bond prices "and Interest," we have adopted tne same method and no longer employ a designating The reader will understand, therefore, that unless the letter "/" is prefixed where there is a deviation from this rule. accrued Interest in addition to the price. This, however, does not apply to income bonds or bonds in default. the price Includes the interest, should there be any. In which cases * " quotation is a flat price—that is, that the accrued interest forms part of the price, and making payment. As already stated in the case of Income bonds and bondr ?n prefixed to bond prices denotes that the Phe tetter 79 84 Stocks._— Railroad near with Jan. 2 1933 to quote price, he mast _ Bonds Public Utility 90-116 mark to indicate the fact except 90 96 Canadian Public Utility Scrip and Stocks 115 98 87 91 ..i Stocks Securities Mining Stocks. 97 Foreign Government Bonds Industrial Bonds Joint Stock Land Bank 96 Seats. Page Page Page Exchange therefore the purchaser does not have to provide for It separately 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. dividend"; that is, the accrued dividend must be paid in addition to the price. of these tables that the quotations for many Inactive and unlisted securities are merely Quotations for guaranteed stocks are "and It should be borne in mind in the use cases the figures are obtained from sources The following abbreviations are often used, vis.; "M" for mortgage, "g" for ••conv" for convertible, "s f" for sinking fund, "1 g" for land grant, The black-faced type In the letters NOTICE.—All are 96 95 Akron Canton & Youngs town— Gen A ret 6s 1945 ser A—AAO 59 62 Oen A ref 5^s 1945 ser B Great Southern— AAO 58 60 1st cons g 5s 1943 ser 1st cons 4s 1943 ser B JAD 103 4 JAD 984 Eq 6s 1935 (vr) Eq 44s 1935-'4l JAJ JA J 1948 Gen Income 6s Oct 1948 94 45 48 5s 40 4 41 83 5s Jan 594 1014 I 101 106 I 101 106 22 4 7 conv 1st mtge gtd g 5s 1941 JA i Augusta Union Stat 4s 1953-JAJ Bait A Harris g 5s 1936----.MAN 1st M West Ext g 5s 1938 MAN 95 994 994 FA A 68 684 Conv g Coll A conv 5b 1949. 5s 1950.. ...JAD .-AAO 61 62 Col A <"onv Certificates of deposit Allegheny vm <eu 4s MAS 38 44s 1960 FAA Ref A gen 5s 1995 series A.JAD Ref A gen 6s 1995 series O.JAD Ref A gen 5s 2000 ser D ,_MAS 384 374 1024 103' Ref A gen 5s series F 1996- MAS Deb Income 44s 1963 AAO 4s iy95 Q-J Eq tr 6s 1935 (s-a) JAJ 15 Ark A Mem Ry Brge A Term— 1st M 5s 1964 MAS Ann Arbor 1st g 904 25 35 15 25 504 58 95 100 90 Aroostook Nor 5s g 1947-...AAO Atchison Topeka A Santa Fe— Gen mtge gold 4s 1995 ..AAO 100 101 1024 1024 Adjustment 4s July 1 1995 Nov Stamped -.MAN Conv g 4s of '09 due 1955 JAD Conv g 4s of *05 due i955_JAD Conv g 4s of TO due 1960 JAD Conv dob 44s 1948 JAD Trans S L 1st g 4s 1958—JAJ Cal-Ariz 1st A rf 4 4■ '62 op MAS 95 JAJ Rocky Mt DIv 4s 1965 Athens Terminal Ry— JAJ JAJ 1st M 44" 1944 ser A 1st M 5s 1944 ser B_ JAJ Atlanta Knoxville A Northern 1st mtge gold 5s 1946 JAD 954 944 944 Medford Ext 5s 1937 MAN Piscat DIv g 5s Jan 1943--AAO 944 St Johns Riv Ext gu 5s Van Bur Ext 5s g Jan 94 '39-FAA '43-AAO 122 98 100 Bedford Belt 1st 5s 1938 Beech Or 1st 4s g gu 1936 1034 105 - - £ Belt 1044 1034 AAO 102 1938 M 54s 1929 extd as 5% to May 1954 MAN Atlantic Coast Line RR— 1st cons 4s July 1 1952 MAS Col tr g 4s Oct 1 1952 op.MAN Conv deb 4s 1939 op 1916MAN Gen unlf ser A 44s 1964.JAD Ext 1936 _JAJ 90 63 96"" A 34s 1951--AAO 99 JAJ JAJ 44s impt 1978— %Z* 76 974 78 81 83 86 4s May I 1935 gu FAA N Y G-MAN 34s Jan 1 1951 JAJ Ref 34s 1952 gu N Y O—AAO k Last saie. i London n 4.30 3.75% Wor Nashua A Roch— 674 4s Oct 1 1934-- 30 35 30 35 Brooklyn A Montauk— 2d (now 1st) gold 5s 1938-JAD 103 m Brunswick A Western— 1st mtge gtd 4s 1938 —JAJ Buffalo oreek 1st 5s 1941—JAJ 1004 1961 -JAJ Buffalo Rochester A Pittsburgh— 944 —MAS MAN 1044 Susquehanna RR Corp— 1st 4s Dec 30 1963 JAJ Burl Cedar Rapids A NorthCon 1st A coll tr 5s g '34--AAO Certificates of deposit Butte Anaconda A Pac 5s'44 FAA Cam A Clear—1st 5s g 1941.JAJ Gen M g 4s 1955— FAA Cambria A Ind 1st 44s '68—JAJ 1st ref 5s Cong 44s 1957 103 104 1014 1014 1014 1014 103 1024 66 984 814 Can Nat Rys 44s gu 50 96 92 102 86 884 20 25 44« guar 1957 44s guar 1968 44s guar 1951— 44» guar 1956 44s guar 1955 40-yr 5s guar 1970 5s guar 1969 1954-MAS JAJ JAD 101 88 86 1004 82 82 s 71 105 714 884 894 32 36 35 89 92 104 108 & 99 4.00 1044 1044 108 107 MAS 108 4 FAA JAD 15 FAA 1084 1U4 1144 1134 1144 104 4 JAJ AAO 5s guar 1969 98 984 1004 98 Buff A Eq tr 54» 1935-38 (year) MAN Canada South 5s 1962 ser A.AAO 1014 39 69 44s July 15 1947.JAJ15 Gen m 6s '33 extd to '38-JAJ 15 1st 944 62 78 71 3 75% 99 1064 944 Nominal, 90 76 67 4.30 984 844 984 984 864 1.50% 2.75 834 1st mtge gu g 4s 1955 FAA Boston Rev Beacn & uynn— 3.50% 3.50% 3.50% 3.50% 3.50% Stk 5s July 1 1938 4 4s July 1937-. 4.00 Boston ANY Air Line— 77 75 Big Sandy Ry 1st g 4s 1944. JAD Birm Term 1st g 4s 1957 gu.MAS Boonville St L A Sou 5s '51-FAA Boston A Albany 5s Oct '63--JAJ 5s June 1942 JAD /This price includes accrued Interest, Crk RR 1st m 44a 1961 ser JJ Eq 44" 1935-1943 (yr)—AAO Maine (old) 44s JAJ 4s Feb 1 1937 FAA 4s Aug 1942 FAA 3s July 1950 J&J Equip 54« 1934 1937(yr) FAA Eq tr 6s 1934-38 (year)..,JAD 764 76 101 884 834 834 784 90 76 4.00 MAS MAN AAO 994 894 4.00 89 90 ser Bost A 77 JAJ Yds (ind'p'lls)— 1st ref gold 4s 1939 MAN Bolvidere DjI 1st 34s 1943--JAJ 1st Eq 64s Feb 1936 (year) FAA gold 5s guar Beech - AO 5s 1955 ser 2 5s 1967 91 884 884 884 884 884 AAO 76 JAJ Bellefonte Central 1st 6s '49.FAA Atlanta Terminal 6s 1939.-.FAA Atlantic City gu 4s 1951 JAJ Baeis. 1951 Washburn Ext 1st 5s '39..FAA Battle Creek A Sturgls— 1st guar g 3s 1989 JAD 59 o 4s 1044 oo 1074 654 4.00 m Ask. 90 89 - 1943 General 5s g 1937 JAJ JAJ 95 4 . 107 65 Aroostook— 1st M 5s g Jan 1 1943 Cons refund g Atlanta A St Andrews Bay— 6s. W 954 - 1004 101 Toledo A Oin Div 4s 1959.-JAJ Atlanta A Charlotte Air Line— 1st __FAA JAJ 15 Va— Refund gold 4s 1941--.MAN Div 1st 5s 1950 JAJ 8 Bangor A 27 103 4.00 2d 1st g 5s 1937 103 4.00 M12 Series B 76 Pittsb Lake Erie A W 86 104 90 72 Eq tr 5s 1935-38 (yr) Eq tr 6s 19o5 (yr) 874 1st 1st m 89 Eq tr 44« 1935-40 (yr>__MAN Eq tr 44s '35-'41 O (yr)„FAA Eq tr 5s 1934-37 (yr) FAA Allegheny A Western— 1st mtge guar 4a 1998-J—AAO Amer Rys coll 44s 1953 JAJ 1943 May 5s May 1940 62 Baltimore A Ohio— 1st M 4s g July 1 1948—AAO 1st M 5s July 1 1948 AAO 5s 1944 5s Jan 1946 Austin A Northwestern— 19 Sept '41 - 5s Mar 1942 78 July 1948 1st mtge gu g 4s 1949 AAO Aug Term 1st gu g rts 1947--AAO 92 5s Apr 1944 5s June 1945 JAJ JAJ Alleghany Corp— Coll tr 1.50% 3% 2d g 4s 1948. Atlantic Leased L 4% mtge perp. Atlantic A Yadkin— Alabama A Vicksburg Ry— 1st M g 5s 1974 series A.-MAN Albany A Susq 34s g 1946-AAO 2.75 3.75 Boston A Maine (new) 5s 4s-5s April 1947 JAJ Gen 1st g 4s Alabama Tennessee A Northern— lien 6s JAJ 15 (yr).FAA Atl A Danville 1st 4s 1948 Alabama N Orl TAP June— '10-MAN '10-MAN E Bid. Bonds. Ask. Atlantic Coast Line of S O— Alabama Prior Bid. Bonds. \tlantic Coast Line RR (Concl) Adirondack 1st 44s 1942 guMAS Akron A Barb Belt, g 4s 1942. JAD "A" deb 5s g '40 red "B" deb g 5s *40 red for consolidated marked "f" and income and defaulted bonds. "and interest" except where Ask. Bid. RAILROAD BONDS A gold, "gu" for guaranteed, "end" for endorsed, "cons" "op" for optional. showing the interest period indicates the month when the bonds mature. bond prices Bonds. nominal, but In al which are considered reliable. Equip trust 7s ser E 1935 Eq tr 6s 1935 MAN 64.60 to Eq tr 4 4» 1935-1942 (gu) MAN 64.60 to Eq tr 44s 1934-45(ann)__JAD 64.60 to Canadian Northern— 1094 S F deb 7s 1940 JAD 1184 S F deb 64s 1946. JAJ 1024 10-yr g 44s Feb 15 1935-FAA Winnipeg Term 4s 1939 JAJ Sale price, r Canadian price. 4.25% 1054 105 1084 1074 1094 1094 112 1154 1134 115 104 3 75 3.75 3.75 1094 119 103 74 BONDS RAILROAD 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 Canadian N W 4%a Oct 221943— Canadian Pacific— Ask. 94 Bid. Bonds 95 Ask 64 Cons deben 4s perpetual.-J&J 82 96 H 20-yr coll tr 4 %a 1940 MAS Ooll tr 6s 1964 99 J&D S f 4M» Dec 16 1944—.J&D16 91% Ooll tr 4%s 1960 j«J Conv coll tr 6s 1942 MAS Eq tr 6s 1944 J&J 106H Eq tr 4Ha 1934-1938 a-a.-J&D 6 4.30 Eq tr 4%a 1940-1946 a-a.J&D b 4.30 Oaro Cent 1st g gu 4a 1949—J&J / 41 Oaro Olinch & Ohio 6s 1938. .J&D 105 H lat cons 6a 1962 ser A.J&SD15 105 % Equip 6s 1935-1937 a-a.-A&O b 4.25 Eq tr 6a 1935 (yrlv) J&J15 b 4.00 Carthage & Adirondack— lat mtge guar g 4s 1981..J&D 79% Oatawlssa cons g 4a 1946 101 A&O & 24% 25 24 25 66 , Cent Ark & East 1st 6a 1940.J&J OentrBr Un Pac 1st g 4a '48.J&D Central of Georgia— 97 / 99% 3 92 92 107 3.75% 3.75% zw 24 90 12% 85 105 3.50% 3% 81 85 Eq 6a 1935 (ann) 85 90 103% 80% i 5 68 53 56 H 28 H 30% 5 b hie Un Stat lat 4 Ha 1963--J' 1st M 5s 1963 aeries B J 1!* lat M 6 Ha aeries O 1963—J< Guar gold 5a 1944 JA Chic Terre Haute & Southeast let & ref g 5a Dec 1 '60 opt Jd Inc mtge 5a Dec 1 64 > lio" 113% 106% 48 58% Chicago & Western Indiana— gold 5a M&: 1952 Cincinnati Hamilton & Dayton- Pott* Creek 4s 1946 101 107% 97 3.25% 3.25% 8S* 95 8 IK 40 Oin Ind St Louis & Chicago— 1st 4s Aug 1 1936 <3 Cin Ind & West 1st 5s 1965-M^ 45 r i > b JS Eq tr 5a 1935-38 (yr) 98" 109% 110 & 1st cons guar g 98 b 3.50 3.50 4s 1940 3.50 100% - - - Amended 89% 74% 74% 101 b 3.00 101% 110 98% 98 % 42 46 9 9 65 65 J& r con 95 8% / 6 1982 *37 coup). Proof of claim filed Dodge Dea Moines & Sou— J&D 2H lat 5a 1938 90 % Ext at 5H% to 1961 2% alveston Houston & 105 % J&D . Henderson 1st lien & ref M 5%s 1938 A&O alveaton Term 6a 1938 M&S 102 51 f 4Hs 91% 102% 103% .J&] 1st (Nov '32 and May ort 95" 88 White W V Div 1st 4a '4Q-J& Equip to 6s 1934-1935 Cleveland Lorain & Wheeling— - Cleveland & 92 H 106% 20 J&J & Ala 5a Oct 1945 18 Pittsburgh102% 102% 104 > 27 H Ext at 6% to — — 95 98 July 1 1934 eorgla & Florida RR— lat M 6a 1946 aer A__ M&N Otfs of deposit ...— 92 103 H 103 103% 108% 99% 108 99 105 104% 14% 100% 101% Cleveland Termtnal & Valley— lat 4a gold guar 1995 M&: r Cleveland Union Terminals— 80 15 lat a f 4Ha 1977 aer C._ Ooal Riv Ry 1st 4s gu '45. Colorado & Southern > 107 M<S 1935-37 28 35 15% 15% 10% 16 22 J&J 15 b 35 1st m 4s 1940 F4 Columbus & Hocking Valley— 25 5.25 69% rand Trunk Pacific— 4.50% Columbia & Port Deposit— 35 30 5s *36 opt J&D 93% 32% 96 89 101% 95% 88% 101% 68 r b F&A / 20 eorgia Midland— 52% 1st g 3s 1946 A&O 107 a RR & Bkg ref 6s 1951.-A&O 92 4s Jan 1 1947. J&J 61 a Sou & Fla 1st g 5s 1945—J&J 35 Deb 5s 1952.. A&O Eq tr 4 Ha 1934-1939 a-a.M&N 6 8.75 85 ouv & Oaw 1st 5s g 1942—J&D r R & Ind ext 4Ha 1941—J&J 2d 4s 1936 ....A&O 102% 95% r Eq tr 5H% '91% 100 r 49 102 88 99% 94% 88% 15 75% 105% 48% Chic Indianapolis & St. Louis-— Short Line 1st 4s 1953—.A&O i 95 ) 101% 1 101 90 ) 95% I 77 ■» lst 5s mm — m 101 3 1951. 104% 104% I 57% 58" 43% 44% J W4 ) 35 J 25% Deb 64% — 4s 1955. 61* 1st 1 & ref g 7 H» 71 Imp & 70 75% 4.75% 4.75% 4.75% 4.75% 69" b 5.25 b 5.25 b 5.25 b 5 25 M&N 63% 65% M&N 71% 75 IT4 75 51% 42% *5.00% 65.00% 65.00% 65.00% 65.00% 65.00% 52 , 20 ) 20% 18% 98 100 ) 86 98 i B_. 6 H® 1936 series F F&A Grand Trunk West 4a £ 1950-J&J 105% & WesternAug '55 F& K 22 19% —.J&J 1st & ref g 4 H» *61 opt '41 J&J Gen M 5H« 1952 aer B—-J&J Gen M 5« 1973 aer O J&J Gen 4 H» 1976 aer D J&J Gen 4 H» 1977 ser E J&D Eq tr 4 Ha 1934-1939 M&S Eq tr 4 %s 1934-1940 D (yr)J&J Eq tr 5a 1934-1938 (yr)—M&S Assented subject to plan... - B.A& ) Eq tr 4Ha 1935-42 (yr)..M&l * Denver & 1978 aer 102% 94% 104 2% Western 20% 19% 20% 20% 41 IV4 85 tr 4%s I°8H 56% r 100 103 J 60 64 4 20 100 H 101H 33 5 Western— 1st M 6s 1958 ser A.. —-J&J fk 24 14 Guayaquil & Quito lat 5s '32 J&J2 / Gulf Mobile & 1st A&O 5%s I950 ser B 1950 Series O A&O Gulf & Ship Island RR— Let ref & t«rm g 5s Feh '52 G ilf 8 56 I 20 3 Det R Tun 4,H« 1961 gu... 10 * n 8 6% rerminel.»f 102% Nominal, 86 20 104 r 74% J&J k 85% 75% 70 1 1 Oil OOI 76 J&J Y N Ry— 1st cons gold 4Hs 1999—J&J Eq tr 5s 1935-1938 (ann).A&O Eq tr 5s 1934-1939 (yr)._.J&J Eq tr 6s 1935 (yr)...—J&J 15 Canadian 1 vloblle— 1st mtge g is 1957 gu R & Portch—See N Hicking 1 IH Northern— Flvrl J f London, 4.20 1934-1940.J&D Northern Stamped (July 1 1933 cpn on) An Des Moines & Fort Dodge— I . 1st 5s J 3.75 Debenture ctfs B Feb Denver & Salt Lake Ry— k Last sale. Express.. 3.75 3 75 Ry of Canada— Cons 4s 1934 opt to 1914—A&O G'eenb Ry 1st * gu 4s '40—M&N Green Bay & Western— Great Guintauaiuo & J /This price includes accrued interest, Fruit 87 % 81 75 H 75 H Debenture ctfs A Feb Rio Grande— 1st mtge 6a 1950 Inc mtge 6a 1960 95 - Eq 5s J'ne 15'34-'39 (yr) J&D Rio Grande Ref & impt 6s 68 Great Northern— Eq 101% J 94% 15-yr g 5 Ha Mav 1 *37—M&l J 103% Eq 6a Jan 15 1935 (yr)--J&Jl 5 63.00% Delaware River RR & Bridge— 1st mtge g 4s 1936 102 F& V Denver 78 86 98 July 1 1950—J&J Eq tr 5s Dec 14 *34 '43 (yr) Grays Pt Term g 5s 1947—J&D 93% ) 42y 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% VJt 22 ) A. aer ser ec Gen Income 5a „ 103 H 108 % 107 H Delaware & Hudson— 59% 51% 51 60 I 90" 89% 57% 63" 36% I '36 1st 1 & ref 6s 1936 gu._J&J Trunk Ry of Canada— Gen M 7s 1936 series A ) 69 non-pay 54" 50 Ik 54 13% gu.M&N 1st g gu 4s $ 92 Shore & Eastern— lat M 4Hb 1969 opt 1919.J&D ?t* — 81nk fund g deb 7a 1940.-A&O Deb g 6a Sept, 1 1936 M&S 3 Is 19 1962 Gen 4a 1962 Can Gov rand 16% 7% River gold 18$ —J&J 2nd 4s Gold Sterling 1955-A&O M 3s 1st 1st 4a Feb 15 *42 Alg gu.M&N Columbus & Toledo— Conn 1st M & ref 6s 1952 1st 4s Feb 25 '39 Alg Connecting Ry (Phlla)- Chic Memp & Gulf 5a 1940—J&J Chic Milw St Paul & Pac RR— 1st conaref Proof of claim filed 88% 91% 62 102 Ref M g 5s 1947 series B..J&J Ref M g 4a 1947 aeries O..J&J 1st & gen 5a 1966 aeries A.M&N lat & gen 6s May '66 ser B J&J Basis. 4.40 4.40 ' 61 M&N Fed inc tax Gen M 5s '87 stpd inc tax M&N Gen M 4%s'87atpdinc taxM&N Gen M 4 %a'87 stpd inc tax M&N 15-year 6Ha Mar 1936...M&S lat & ref 5a May 2037 J&D lat & ref 4Ha May 2037..J&D lot & ref 4%s May 2037C J&D Oonv g 4%s 1949 ser A..M&N Eq tr 5a *34 '35 ser M (yr)_J&D Eq 5a *34-'38 O (yr) J&D Eq 6a Jan 15 1935 (yr).. J&J15 Eq 6 H« 1935-36 ser J (yr) M&S Eq 6Ha 1935-36 K (yr)__A&0 Eq 4%s'34-*42 (yr.) ser A M&N 94 103 ' — 4*40 101% 105% J&J 50-yr 5a 1975 series A F&A Oonv adj 5s Jan 2000 A&O Gen g 4a A May 1 1989 -J&J Gen g 3 Ha B May 1 1989..J&J Gen 4%s May '89 series O.J&J Gen 4 Ha May *89 ser E—J&J Gen M 4 Ha May '89 aerF.J&J Eq 4%s'34-'43 E & F (yr).J&J Eq 4%s '34-'41 G & H(yr)_J&J Equip tr 6s 1935 (yr) .J&J15 Equip tr 5a'34-'40 ser B(yr)F&A hlcago & North Western— 71* J&J / 4%s '52 opt..M&N 100 85 Ref & imp M 5s '63 ser D. Ref& impt 4H« ser E 197*4 Cairo Div lBt g 4s 1939 Gen M 5s t936 Cleveland & Mahoning— Gold 5s 1938 99% 103% 71% 92 101 3% 104% 93 % 76H 17 3% 100 102 % 88 H 1965 Gen ref gold 4s 1950 3% b A&O 4a 1996 J&J Gen lien gold 4a 1996——J&J Oonv gold 4a 1953 aer A.-A&O A&O Series B 1953 Series D 1953 A&O Ref & Impt m 5a 1967—M&N Ref & mtge m 5s 1975 A&O Eq tr 6a 1935-36 (year)_J&J16 Eq 4Ha *35-'41 LL («-a)..M&8 Eq tr 4%s 1934-43 (s-a)„M&S Penn coll g 4s Feb 11951..F&A rie & Jersey a f 6a 1955 J&J rie & Pittsburgh— Gen gu g 3Ha aer B 1940..J&J Series O 1940 J&J lorida Central & Peninsula— 1st cons 5s gold 1943 J&J lorida East Coast 4 Ha '59. J&D 1st & ref 5a 1974 M&S Certificates of deposit --— Eq 4Hs '34 *35 G (a-a).„A&0 Eq 4H« '35 *41 H (a-a)..M&S lat & ref 5a Prior lien gold 101% F& I 3% b 85H 1 Paso & S W RR— 100% Clev Cine Chic & St Louis— ~3% 3.50 99 A&O Income 5a 2862 Columbus— 109% 109% 3.50 Chicago Indiana & Southern Ry Con mtge g 4a 1956 guar..J&J Chicago Indianap & Louisville— Ref M g 6s 1947 aeries A..J&J Stmpd in" I 105% lat consol 6a gold 1934—-A&O Chicago & Erie 5s 1st g ,82.M&N Chic Grt West 1st 4a 1959—M&S Gen M 3 Ha g 1987 Gen M gold 4s 1987. 110 Clearfield & MahoningCleveland Akron 96H . f 4.50% Certificates of deposit Chicago & Eastern Illinois— ^ 100 107 b Gen M 4a 1958 M&S lat & ref 4%s aer B 1977..F&A lat & ref g 5a 1971 aer A..F&A Illinois Div 3 Ha *49 op '29 J&J Chicago Laice 3.75% 1 6 g 3a 1949 A&O Equip trust 6s Jan 15 *35-'36 (yearly) ...J&J 16 Chicago Burlington & Quincy— gu 4.25 97 75 103 H Refunding Monon Coal 101" Oln N O & Tex Pac Ry— Chicago & Alton RR— Equip tr 6a 1935 (yr) 89" 93 Warm 8pr Val lat 6a g '41.M&S Chesapeake & Ohio Northern— 1st M 5a 1945 guar ...A&O July 1 1949 96% Oincln North 1st g 4a 1951--. Cincinnati Union Term Co— 109% 108 H R & A Div 1st con g 4a '89. J&J 2d con g 4a 1989 J&J 4a 86 98 m m mm 102 i 82% 96H J&J Chic & East 111 (new co)— Gen M 5s May 1951 100 ) 81 Central Eq tr 4H« '34- 40 W (yr)_A&0 Eq tr 5s 35 *38 (yr) M&S15 Eq tr 5Hs '34-'37 (yrly)..J&D Eq tr 6s 1936 (yrly) J&J15 Eq 6Ha 1934-35 (ann).._J&D Craig Valley 1st 5a g 1940.J&J 90% 102% Choctaw Oklahoma & Gulf— Consol 36 94 % Ref &impt 4%s 1993 serA A&O Ref & impt 4%s *95 ser B J&J 96% -A&O - rie— 90% 1 General 4H» gold 1992—_M&S 4a 1948. g 100 54 52 106% 109% 113% 106% 25 Sta 4a 1957 gu.J&J Chesapeake & Ohio— 1st cons g 5a 1939 M&N Ry of Mlnneaota— Nor Div 1st 102 W* 37 Chattanooga 108 M&N Consol lat g 5a 1956. lmira & Willlamsport— 1st 6a 1910 ext at 4% 1950-.J&J 61 65 g 5s 1937 M&N Vermont Ry— b Eq tr 6a Dec 14 34-*44 (yr)___ 5.00 Charleston & Savannah— 1st mtge K 7s 1936 J&J 104H Charleston & Western Carolina— lat mtge g 6a 1946 88 A&O 99 40 ... 67 59 8% 8% Coll tr 43 Columbia Ry 4%s 1944.-A&O lgin Jol & East 5s 1941—M&N Mid Ga& Atl lat 6a 1947..J&J _ 105 % J&J ...J&J ..J&D 5% 65% I 1960—M< 6.50 102 Central Pacific— lat ref 4s g guar 1949 F&A lat g guar 4s Oct 11954 A&O Guar g 5s I960 F&A m Eurooean loan 4s 1946.M&S Central RR & Banking of Ga— Gen g a f 5s Jan 1 1941 astern 84% 8% 27" 5a 1946 J&J Cent New Eng lat qu 4a 1961 J&J 80 Central of New Jersey— Gen M (now lat) g 5a 1987 J&J 107 Gen M 4s 1987 J&J 95% Eq tr 6s 1935 (yrly) J&J15 b 3.75 Eq tr 4Ha 1934-'41 (yr)_.F&A b 3.75 uluth MissaDe & Northern— 1st gold 5s Nov 1 1935 ast Tenn Va & Georgia— 105% 80 ) J&J 64 g 89 107 A&O lat gold 5s 1937—. Ref & gen 6a 1959 aer O.-A&O Eq tr 4%s '35-'40aer P(yr)M&S b 11.00 Eq tr 4%s ,34-,40aerQ(yr)M&N b 11.00 Eq tr 5s 1934-'38 (yrly)..J&D b 11.00 Chat Div gold 4a 1951...J&D 25 Macon & Nor g 5a 1946-..J&J MpbileDiv uluth & Iron Range— 1st 5s 1937 Chic St Paul Minn & Omaha— 103 14% 11H 90 J&J 1964 90 > Chicago St Louis & N Con g 5s June 15 '51--. J&D Con g 3 H" June 15*51 J&D. Mem Div lat 4a 1951 JJ 1 90 r Eq tr 5s 1934 (a-a). 106" lat 5a Mar >etrolt & Toledo Shore Line— 1st gold guar 4a 1953 J&J 90 85 111% 25% 23% 12% 85 If / / 44 lat M g 6a Nov 1 1946—.F&A Cons gold 6a 1946 M&N Ref & gen 5%a 1969 ser IB.A&O Bid. Bonds. Ohic R I & Pac Ry— 79 H& Ha rtford. Valley price, s Sale price. 107% 6 3.80 3 25% 6 3 80 6 3.80 3.25% 3.25% RAILROAD June, 1934.] 75 BONDS NOTICE.—All bond prices are and "interest" except where marked "f" and income and defaulted bonds. Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue. Bonds Holidays burg & ^ 1st lien g 5s 1937 Hudson & Manhattan— r-4rHCSO o o J&J 1st gold 5s 1957 opt 103 87 F&A Adj inc up to 5% Feb *57-A&O 1st M 4*48 1957 conv. F&A Illinois Central—-1st g 4s '51.J&J 1st gold 3 Ms 1951 J&J Mam Li ext 1st g 3Ms *51 1st g 3s sterling 1951 £48 gold of 1962 £4a gold of 1953 Ask. 100 102 -J&J Long Dock 6s con g 1935—A&O Long Island—Unified g 4s 49M&S Refunding g gu 4s 1949—M&S Gen mtge gold 4s 1938.... J&D Debenture gold 5s 1937-M&N Equip tr 5s 1935 39 fyr> .A&O Equip tr 4Ms 1941-45 (yr)_F&A ong Island City & Flushing— 65 69 105 102 .... 87 % 82 92 92% 76% 84" 78 82% 91m 82m 82m 77%. 94 % 83 % 80 79 Eq tr 4Ms 1934-41 Ser N.A&O b Eq tr 4 Ms *34- 36 (yr) O..J&J ft Eq tr 5s 1935 38 ser J M&N 6 Kq tr 6s 1935 - year) J&J 15 ft Equip 7s 1934-1936 A&O 6 Cairo Bridge 4s g 1950.-J&D 4.00 4.00 4.00 4.00 4 00 82 72 3M» 1951 J&J lndianap & Lou W V 4 Ovi 1st 4s ■ mm %9 Vv ll 35" 10 29 35 95 65 1st col tr 6% notes 1941 ,M*n 6% notes 1936 ..J&D 1st 1& ref 6Hs 1947 71 43 h* 80 82% 65 % 69 Philippine Govt gu M&N Sinking fund g 7s 1937..M&N 69 1st 10m 3% 2d M adj Inc 6s 1933 Midi RR 4% franc bonds 99 :::: Midland 84% Ref & ext 6s series A 1967 J& Ref & ext 6s series B 1967.. J& Jamestown Frank & Clearfield— 1st g 4s 1959 guar.. ..._J&I 10 % 93 86 Midland Mlddletown & 1st M 4% 100 ext at .. Joplin Union Depot Co— 1st g 4%a 1940 guar opt.M&N Kalamazoo Allegheny & Grand Rapids gtd 5s '38-.JA Kal & Sou Haven—See Mich Cei Kalamazoo & White Pigeon RR 1st gold 5s 1940 J<S 101 103 % 102 Mil 95% 2.50% Eqtr 5 Ms 1934-38 (year) 1st M 5s 1978. Ref & ext 5s Feb '62 83 83 75% 75% 88 ft ? .. 101m .. .. Lake Erie & West 1st 5s *37.-J&J 2d gold 5s July 1 1941 J&J 86% 99% 88 92 89 m 100 % Lehigh & Lake Erie 4Ms '57 M&S Lehigh & New England— 1st M gold 5s 1945--. J&J Gen mtge gold 5s 1954 J&J 92% Prior Hen 5s 1962 FTlor lien 4s 1962 94 ITlor lien 103% 104m 104m 99 101 115 M 4Mb ann lrred J&D 90 95 gold 4s 2003 gold 4 Ms 2003 gold 5s 2003. M&N 60m 65* 61 con con Lehigh Valley 1st 4 Ms Ky of New gold 1940 M&N M&N .A&O zv> 77% 80" 6 Basis. __M&& 1st & ref os 1978 ser G .. -M&N Certificates of deposit.. 1st & ref 6s 1980 ser H..A&0 Certificates of deposit ser 1 F&A 76 55 M 55M 89 M 5.00 / / / / fk / / / / / Certificates of deposit Conv g 6Ms 1949 ser A..M&N Secured 5%a 1934 1956...J&D f Equip trust 5s 1935 40(yr)M&S b Eq tr 4Mb '35-'44 F (yr)._M&N b Lehigh & N Y 1st 4s 1945-.M&8 1st guar F ser 76 Lexington & Eastern— A&O 34-M&N 89 % 17 M&N A__J&J 100 M 103 J&J 84 H 69 72 M 87 M 19% 23% 24% 25% A&O A&O 23 23 23 28 20 24 _ M&N 101M 102M 103 100 117 6s 1944— 1998 ser A conv F& x A&O impt/4 Ms 2013 A _A&0 impt 5s 2013 O A 2013- .A&O L 8 coil cr g 3Ms iy98 F&A M C coll tr tr 3Ms 1998...F&A Eq tr 7s 1935 year) A&015 Eq tr 6s 1935 (yean..—J&J15 NYC L eq 5s 34-'37 tyr).J&D NYC L eq 5s '34-'39 (yr).J&D NYC L eq 4Mb 34-37 (yr)M&S NYC Lines eq 4 Ms Mar 15 1935 to 1939 (year) M&S16 NYC Lines eq 4 Ms 1935 J&J NYC Lines eq 4M« '35- 40 (yearly) ..M&N16 — NYC RR eq 4%a '35-'36--J&J 4Mb *35-'45.M&N -A&O 3-yr 6% g notes Oct 1 '35A&0 Ref 5 Ms 1974 ser A A&O Ref 4 Ms 1978 ser O M&S Equip tr 4 Ms 1934-'44 (yr) F&A Equip tr 5s 1934-'38 (yr)..F&A New York Connecting RR— 1st M 4M« 1953 series A..F&A 1st guar 5s 1953 series B—F&A 100 H 117% 87% 69 74 York Central & Hud Rlv— 29 M 28 M 29 M 33 29 27 30 27 M 9% 11M 6.75 6.75 1st 4s ext g M&N 1947 II 94% 96 69 % 84% 82% 84% 2.00 2.00 3.75 3.75 1.50% 84 1.60% 3.50 3.50 3.75 3.50 3.75 3.50 3.75 3.50 3.75 3.50 3.50 3.75 3.75 3.50 99% 99% 73 75 62 4.50 76 63 4.50 w* 4% 4% 104^ 107 % 100% M&S 100 M&N 75 N Y & Har 1st g 3 Ms 2000--M&N N Y Lack & Western— 93 3d mtge 4 Ms 1938 Guar g 5s 1946 1st & ref 4Ms 1973 ser B..M&N New York & Long Branch— General gold 4s 1941 29 M 30 M 30 30^ 30% 30% 29% 10 % 12M 6% 6% M&S NY & NEBos Ter 4s 1939—A&O N Y New Haven & Hartford— Deb 6s Jan 15 '48 conv—J&J16 Deb 4s May 1 1957—-M&N Deb 4s July 1 *55 non-conv J&J Deb 4s 1956 non-conv M&N Deb 4s 1947 non-conv M&S Deb 3Ms March 1947 M&S Deb 3M" 1954 non-conv._ A&O Deb 3 Ms 1956 conv 15-year secured 6s 1940 lit & ref 4M" 1967 J&J A&O J&D 101% 87 95 104 97% 90 84% 46% 58% 58% 85 62 65 61 % 55 53% 55 60 59 54% 53 54 85 88 66 % 67^ Equip tr 4 Ms Sept 15 1934 to 16 4.25 3.75 '34-'40(yT)-J&J 4.25 3.75 Harl Rlv & Pt Ohes 4s *54 M&N 98% 99^ Eqpt. tr 96" /This price includes accrued interest, 68% N Y & Greenwood Lake 4.50 % 30 27 105% 92 42 68 15M Mar 15 1945 (s-a).-M&S 5s 1965 Litchfield & Mad 1st 5s 1977 1st & ref 6s 1981 98% Lehigh Vq.ii Term 5c 1941 73 66% York J&J 1st. & ref .<*, Certificates of deposit 112 Gen J&J D.J&J Certificates of deposit J&D Gen 71M 71M J&J B ser 41% New York & Erie RR— Adj M 5s Jan 1967 ser A. .A&O Mo Kan & Tex (old companv)— 1st gold 4« 1990--1 J&D Eq tr 6s 1935 vyear) J&J15 b Mo Pacific AtK (new company)— 1st & ref 5s Jan 1965 A .F&A / 101 % 21M RR— A ser ser 6% 6% 6% 81 % 20 J&J 4Ms 1978 J& J&J / N Y O & St L 1st g 4s 1937 77 . J&D cons 29 M 7.00 5s 1949...J&J g Mlssourl-Kansas-Texas 82 A..A&0 NYC RR eq 75 7.00 Mo-Ill RR 5s 1959 104 % 101m 27 J&J .M&S 52 M 35 7.00 Mississippi Cent J&J 103% Eq Cr 4Ma 1934-*42 (yr)—A&O b 3.85 Lehigh Valley Harbor Term Ry— r&A 50 M 28 M 72 J&J J&J J&D15 6 q*} 85* 90 5s series B 1954 lrred 45 91H / / 69 42% 36 % 48% 32 J&J k Last sale. I In London n Nominal, r , 82 Ref & ref 4 Ms ser 11% 4% 11M 3% 41M J&J cons 93% 77" 92^ 95M 45 2 '4lop* 16.M&N Lake Shore & Mich South— Con g ref 3M« 1997 J&D f MStP&SS M & CenoTerruRy— 1st Ch Ter a f 4s 100% 72 88 72 M 6 4M 3M Eq tr 4Ms 1935-36 (s-a).M&N b Eq tr 0s 1935 \.year).__._M&!? 6 89% 91 84 I g3Ms July 1 1997. —-J&J Deb 4s 1942 tax-exempt. .J&J 72 cons 5Ms 1949 Eq tr 4s '34^*38 s-a 102 86 83 M 87 I 90 1st 25-year 101 79 Ref 9SH 1st iI / 101m -F&A of Non-cum inc 5a '35 ser A_ 1st 5s 1954 series B Ref & 69" VIinn St P & Sault Ste Marie— 1st cons gold 4s 1938 J&J gold 5s 1938 5s 1938 gu Int 2d M gold 4s guar 1949 1st ref 6s 1946 series A 1st ref 5Ms 1978 ser B 75 New Orleans Texas & Mexico— Ref & 92 M A.Q-F ser 100M I 100 Oct 1 1947.-A&O Ref & Impt 4Ms '52 ser New Orl Term 1st 4s 1953 New Certificates of deposit. / refdg gold 4s 1949 M&S 76% 100 27 2% 2% 4% 3% New Orl & Nor East 6s 1916. 10-yr M&N Certificates of deposit 76 5.00 5.00 A&O M&N F&A Cons deb 4s perpetual J&J New Eng cons 4s 1945 gu J&J Consol g 5s July i 1945—J&J N Hav & North 4s 1956 gu__J&D N J June 1st 4s gu 1986 F&A Conv deb 6f 1935 94 1st 95 accrlnt atexchrate4 8665 8tmpdaccrtnt at rate 4.8665 Fiain 1961 J&J 1954 96 lst3Msl941 .J&J Minneapolis & St Louis— 1st 7s *27 ext at 6% 1932... J&D 45 88 30 to Stmp (less int to June 1).. Sparta & N W 1st 4s 1947M&S 90~~ J&J Lehigh Valley— 1st 6a ext gold 4s 1948 4M% 4 National Transc Branch Lines Co 1st M s f 4Mb 1955. Naugatuck 1st 4s 1954 New Brunsw lstg 5s 1934 Dons mtge 4s J&D 44 Kentucky Cent 4s g 1987 J&J Kentucky & Indiana Term RR 1st M 4Mb 1961 (8terling).J&J Gen at M&i? Kansas City Terminal Ry— 1st g 4s 1960 opt 1930 Kansas Oklahoma & Gulf— Oon ext A&O Kan City Sou—1st g 3s 1950 A&O Ref & Impt 5s Apr 1 1950.. J&J Eq tr 6s 1935 (vear) b J<f ann 1913 3% 3% 1% 1% 3% 3% New York Central RR— 77 25 Northern— Mil&State Line 45% 85 69 Sept / 1st consol gold 5sl934 / Sept 1 / M&t- / 52 75 M A&O A ser 104 F&A 1st M 4Ms 1956 series D..F&A Newport & Cincinnati Bridge— 1st M g 4Mb 1945 guar J&J New York Bklyn & Manh Beach 1st gold 5s 1935 A&O 50 50 3.75% 3 J&J A&O 6% g notes '15 ext to'33.-J&D 6% gnote8£ '15 ext to '33-J&D Nat RR of Mex p 1 g 4 Ms '26 J&J 1st cons gold 4b 1951 ..A&O f 1957 1st M 5Ms 1954 series 1st 5s 1956 series O 1910 1934 (1884) 98 4.25 103% _ 92" 25 (1880).-J&D Stmp (less int to June 1) os 95 % 102' 91 Valley—5s 1943...A&O & 3% 95 M 1st ext 4Ms 1934 Cons of deposit Assented 0s 1st 5% to 1940 Milwaukee 105 City Ft Scott & Memphis— Con M 6s J Adj M Apr 1 '53 Kanawha Br & Ter 5s 1948-. A& 103 Kana & Mich 1st 4s 1990. _.A& 94% Eq tr 6s 1935 (yr) 3.50 J&J lo ft Kanawha & W Va 5s 1955...J&J 90 5s N of 93 88 % 94% deposit 50-year 1st 5s 1983 85 J&D / (Foreign series) I960. 89 93% Certificates 95 M 95 M&N M&N 53 88M New Lon Nor 1st 4s 1940 J&J New Mexico Ry & Coal Co— Unionville— 6s 1933 33 102% 101% 94% New Orl Ot Nor 1st 5s '55 1M -M&S M&N O 92% ser Income deb 5s 2032 100 M »—1i o oto B.M&N 1st coll tr g 5s M&N gold 3 Ms 1952 72 102 70 O. J&J 90 . 73 65 104M 1st mtge M Air L 4e 1940.-J&J 1st g 4s Jol&N Ind.l957J&JlO 1st g 3 Ms J L & Sag 1951 M&S A&O J&J J&J Extended at 5% 1940 ser 85 103 International— 1st 5s Kal &3 H 1939 23 M 83 1st 6a 1963—F&A con Michigan Central— Ref & impt 4Ms 1979 1st 1st & ref g 4s 1951 M& Iowa Minn & N'western 3 Ms *3 Jacksonville Terminal— mi 62 gold 4s 1977.M&S / Asst (cash warr & coup) 65 72 105 104 % .J&D Maryland & Pa 1st g 4s 51-M&t Memphis Union Station Co— 1st g gu 5s Nov J 1959..M&N Meridian Term 4s '55 guar.M&N J&T Certificates of deposit 104 Manitowoc Green Bay & Western 1st gtd 3M« 1941 J&J 53 mtge 75 m J&D 80 65% 71% 1st 100 % 77 lb* a tea 100m Central— Mexican 29 Oertifl 1934-—J&J 97 J&D 1st & ref 08 Dec 1935 J&D Manila RR Sou Lines 4s'39.M&N 4s 1939 ext to 1959 33* J&J Ref g 4scl936 guar 50 95 m Manitoba S W Col .58 1934 93 M&S Prior lien g 4Mb s Gen mtge 4s 1977 —J&J J&J MJ? 1935 93 87 1st guar g 5s 1937 ..F&A National Rys ol Mexico— 98 M 1st & ref 4 87 Eq tr4 M« 1934-'37 fvea^ A&O Nashville Florence & Sheffield— 78^ Maine 28 A.April K O Mem & Bir 4s 1934 Income 5s Mar 1934 71M J&J Terminal 5s 1905 93 19 H 3Ms 2002 gold Constr*n4Ms 1965 103 Mahon C RR 1st 5s J&J Kan M&S 1945..M&8 Ry joint Monon coil 1980 1952. 16 17 87 Nashville Chattanooga & St L— 1st M 4s 1978 ser A F&A 96M Mob & Mont 4Ms 78 Eq tr 4Hs 1935-42 (yr)._A&C internal Rys (Central America)— 1st M 5s 1972 opt. M&N . 3.50 106 Macon 33% 1956..J&J Iowa Cent 1st g 5s 1938 100 M 2d mtge 3s 1j* Morgantown & King wood— 1st mtge 5s 3935 J&J Morris & Essex 3'Ms 2000..-J&D Oonstr'n 5s 1955 ser A M&N 3.50 1971.M&S Div 0s 83" 104 % Ipternat-Great North Ky-— 1st M g 6s 1952 series A—J&J Adj M 6s July 1952 ser 1st M 5s 1956 series B 1st M 5s 1956 ser C. -M&N Southern 103" Consol Montour RR 3.50 Pad & Mem Div 1st 4s '46.F&A St L 94 M M&S M&S Montana, Wyoming & Southern— 1st mtge g 5s 1939 M&S 105 M & 91 90 70 69 —- Gen 6s 1955 Mont Cent 1st g 6s 1937 1st guar gold 5s 1937 94 % A-0 Eq tr 4Ms 1934-37 (year).J&D Equip 0M« 1935-30 (year) M&S Eq tr 6s 1935 tyr). J&J16 B 85 83 Monongahela Sou 5s 1955—A&O 100 5s 1941 1st 5s 1947 102% 103% J&J . JL#w A&O Atl K & Cln Div 4s 1955- 84 M&S Eq 4Ms '35-'41 O (yr)__J&J16 Eq tr 5s 1935-'38 (s-a) M&S Eq tr 5s 1935-'39 (year) J&J IMnntgom Dtv g 5s 1947 F&A 104 M 102 M 104 M 1st & ref 4 Ms 2003 ser O.-A&O gold 4s. 95m Indiauctpoiib Uuiun— I Q«5 ser ser S 13 % 6% 6% Mohawk & Malone— 105 M J&J A..A&O L & N Term 1st g 4« '52 gu J&D Macon Dublin & Savannah— 93% X M&N 3.60% 3.60% 3.60% 3.60% 3.60% 3.60% 3 60% 3 60% 96 Indiana Illinois & Iowa— VU 50-year gold 5s 1937 1st & ref 5s Dec 1935 101m Secured 5s 1938 48 to J&J Mob & Ohio, gen 4s 1938 Ref & impt 4 Ms 1977 63 % to 6.75 81 Gen M g 4s 1945 Small 100 6.75 Monon Coal—See Chic Ind & Lou Guaranteed gold 4s 1945..M&S Louisville & Nashville— ref5Ms 2003 1938 at M&N Hen 5s 1945.-J&J Ask. 13 July to 1st guar g 4s 1991 1st & ref 5s 2003 ser B 80 m 1957~—— Ij&j 3.25% 3.25% 99M 74 103 68 % 96 Gen & ref 'to 103 81 Indiana fctaroor Belt RR— 4Mb 1st mtge gold 5s 1940.....J&J Louisville & Jeffersonville Bridge 86 F&A Indiana Bloomlngton & Western— 1st ext 4s 1940 .A&O 3d 7s ext Mob & Birm pr Small 104 105 43 Unified gold 4s 1940 81m 85% 71% 8t Louis Div 3s g 1951 ....J&J mfcKP 1st M gold 5s 1935 A&O Louisville Henderson & St Louis— 99 Litch Div 1st g 3s 1051 ...J&J Louisv Div 3Ms g 1953...J&J Omaha Div 1st3bg 1951.-F&A St Louis Div 3%% g 1951..J&J 102 M 97 M M&S Eq 6 Ma 1935-'30 (year)__F&A b Eq tr 6s 1935 (year) .J&J15 b 4% 63 1st & / 3.75 3.75 1969 J&J Western— 1st M 5s ser A 82 76 m 103 Angeles Un Term 6s '41-M&N Louslana & North 68 i 101M 103 % Bid. Bonds Mo Pac (old)—Gen 4s 1975 Louisiana & Arkansas— 88% 74 i _os 103 % 101 M&N Con 5s 1937 92% $l3/L 95 Series O 4Ms 1963 J&D 72!m Gold 0 *4s July 1 1930——-J&J 102 % 40-year 4%a Aug 1 1966.-F&A 67% Eq tr 4M« 1934-1939 K..F&A b 4.00 Eq tr 4Ms 1934-1940 L...A&O b 4.00 Eqtr 4 Ms*35-'4l M (s-a).M&N b 4.00 Gen 1st gold 4s 1939 guar 95 , 1951 100% 41m 77 A&u Coll crust gold 4s 1952 A&O Col tr L N O & T g 4s '53.M&N Ref mtge 5s 1955 —M&N Ref g 4s 1955 opt 1918. M&N Pur lines 1st g 3Ms 1952—J&J Jt 1st ref M (io&o 8 L& N O) 5s 1963 ser A J&D ext Bid. 100 % 1-year notes 4 Ms 1934...J&D 4Ms 1934 stamped k Ext3-yr deb 6s 1937 wi ...J&D western lines g 4s Bonds Little Miami guar 4s 1902--M&N Little Rock & Hot Spr West Ry— Oumb 1st M r 4s 1951 guar J&J Housatonic con 5a 1937.M&N Houston Belt & Term 5s '37. J&J Houston & Texas Central— Sp'fleid Div Ask. 100 Bid. Bedford 4 M« Canadian price, s Sale price. BONDS RAILROAD 76 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 Ask. New York Ontario & Western— 62 Ref 1st g 4s June 1992 M&h 56 Gen M g 4s 1955 red J&lN Y Pennsylvania & Ohio— Prior hen 4%s 1935 M&S k 101% 101 N * fnn&. Norf — isirf 4s '39 J&J 98 Income 4s Jan 1 1939 M&N 92 J&C A&O A&O Stock trust ctfs 4s 1948 N Y Prov & Bos 4s 1942 Bid. Bonds 104 H 85 H 62* 26 % 1st p 4i 193/ s f opt gu.—. Pitts Bessemer & Lake Erie— 1st refunding 5s 101 106 do 93 do Ser C 1942 do . Nord Ry s f 6%» 1950 Norfolk & Oar 5s 1939 Norfolk Southern— 93% 52 54 do 100 do A&O 1st gen g 5s 1954 opt J&J Norfolk Ter 1st gu 4s 1961—M&N 1 Norfolk & Western Ry— 1st consol 4s 1996 A&O Dlv 1st lien & gen g 4s July 1 1944 opt Jan 1 1929 J&J N & W Pocahontas 4s '41.J&D Eq tr 4%s 1935 J&J 17 64.25% 101 3.50% 19 m 104% 106 106 H 104 H 106% 2% if f / 1 1 26 / & Shawmut— 1st s f g 5s 1959--— -Ja Pitts Shenango & Lake Erie— 45 A&O Northern Ohio Ry 1st guar 5s— April 11933 & sub coups 1945 Without Apr 1 1933.Oct 11933 and Apr 11934 coupons Stmpd as to sale of Apr 1 and Oct 1 1933 & Apr 1 '34 cpns„ 104 106" 103 Pitts & / 56 45 95 H 88 H 88% Gen g 3 3-10s 1953. J&J Northwestern Terminal RR— An.-Apr / 5s 1977 1st guar g 4s 1948 J&„ Ohio uofiuecclng 4s 1943 M&S Ohio Indiana & Western— 1st g 5s April 1 1938 Q-J Ohm ±tlv Hn— 1st g 5s 1936.J&D Gen gold 5s 1937 A&O J&J F&A Old Colony RR 4s 1938 1st M 534s 1944. 1st M 5s 1945 series B_ J&D 1st m 4%s 1950 series O—.J&J Ore RR & Nav cons 4s 1946.J&D Ore Short Line 1st 5s 1946—J&J 3.50% 94 r 68 H Securities—See I s 88 / 65 / 27 Reading Oompany- 96% 102% 99 102 100 H 92 100% 101% 110% 16 102 Eq 4Hs 1935-'45 (s-a) 102 106 98 H 6% g & mo 104" 71 101 95 ' / Pennsylvania Company— 98 Sec g 4%* 1963. M&N 101 5s 1939—A&O 100 ser A—A&O d° Gen g 4s gold 1948 1st guar 4Hs 1934— 94 D...A&0 15-yr 6Hs Feb 1 1936 F&A 40-yr 5s 1964 —M&N Oon M 3 Hs g £ 1945 Con M 4% g £ 1948 Deb 4Hs 1970 J&J M&N A&O Eq tr 5s 1935 38 (yr) . 60 101H St Joseph & 102% Prior lien 4s 1950 series A—t 88 H 3 40 3.10 88 1st g 4s July 1956 ser 1st 4Hs 1980 ser O 72 os *18 ext to '38Q-J 2d 5s 1918 ext to 1938 Q-J Phila & Bait Cent 4s 1951--M&N Phila Bait & Wash 4a 1943—M&N Gen 5s 1974 aeries B F&A Gen M 4 Hs 1977 57% 19 21% 19 20 76 101 I I 21% 20 22 18 19 16% 16% 5 80 90 1 80 90 80 90 Eq tr 6s 1935 (yr) J< Eq tr 5s 1934 -'37 (year) Eq 4Ha 1935*41 BB (yr). — Louis St Southwestern— 83 89 102 H 104 65 66 H 85 88 90 X 3.50 4.25 4.25 100 91H 3.25% 3.75% 3.75% 103 97 63 68 11 16 J&J 99 105 106 100 H 102 10H S 6 J 6 79 62 West Div 1st 5s g 66 102 53% 6% 6% J 68 V. St Paul 54 25% 105 . 104 H 105% ) 108 % 103 H 110 1 Paul Union St -J&D J&J 15 - Western RR— J&J Toledo St Louis & Western— lstm. 6s 1952 73% 27% 105% 100 85% 1935—A&O 10 15 57 60 54 55 1C7 107 H 97 H 110 102 103 92H 77 85 107 % 98 93 H 81 89 108 95 85H 86 79 80 76 H 80 4.50 4.50 4.00% 4.00% 4.00% 89 H 91 4.50 95H 102 H 102 % 101 % 3.00 103 2.00% Toledo Peoria & 5% 5% Manimha- Minn & 100 . 1935 Eq tr 6s 1935 (yr) 85 1 105 105 .. Gen gold 5s 102 102 H 98 Ooast— . St Paul& Duluth— 76% x VAMW & Lewis 1st g 4s 1936 62% J I 84 UU** 66% 61% ) 101H W Eq tr 5s 1934-1939 M&N Eq tr 4Hs 1935-42 (yr)—A&O Eq tr 4%s 1935-43 (yr) —F&A Tex Pac-Mo Pac Term RR— 1st M g 5Hs 1964 M&S Toledo Canada Southern & Det— 1st 4s 1956 J&J Toi & Ohio Uent 1st 5s 1935-J&W ' 74 % 88 % 74 % 75 23 Equip tr 4%s 1934 ser O J&J Phila & Reading RR—See "Read! ngCo " _ 76" 89" - 3.10 Perkiomen 1st P Certificates of deposit-. i 1 Cons in 4H» 1978 aer A—1 Certificates of deposit stmp. 106% 102% 97 1st g 5s July 1956 Ser A.-J&J 81H 104 M 12H VI 'amoa & Gulf 88 __ Certificates of deposit Prior lien 5s 1950 series B- 97 92 80 2.00% 3% 3% 76 1st g 5s 1953—A&O Tampa North 1st 5s '36 op.J&J Tennessee Central R> — 1st m 6s 1947 stif A A&O Term RR Assn (St Louis)— 1st gold 4Hs 1939 -A^O 1st consol gold 5s 1944—F&A Gen ref s f g 4s '53 op *10--J&J Terre Haute & Peor 5s I942.M&S Texarkana& Ft Smith— lot m 5H« 1950 guarF&A Texas City Term 6s 1941-J&J26 Texas & N O con 5s 1943----J&J Texas & Pac 1st 5a 2000 J&D 2nd inc g 5s Dec 2000 Mar Gen & ref 5s 1977 ser B...A&O Gen & ref 5s 1979 ser O—A&O Gen & ref 5s 1980 ser D—J&D St Louis-San Francisco Ry— 3.10 B-J&J M&S J&J 15 18 */ 56% 73% 95 101 3.00 3.50 3.50 ^ 100% 86% ) 105% 90 1st g 6H» 1974 series A_—F&A Peoria Ry Ter 4s *37 gu op-_.J&J Pere Marquette Ry— 4.00 usquehanna Bloomsburg & Berwick RR 5s 1952 A&O 61% St Louis Iron Mt & Sou- 8% b 87 un Grand Island— 104 H 70 4.00 1st mtge guar g 5s 1940—J&J uffolk fit Oar con 6s 1952 Jen J 97" 70 70 109H 102 H 106% 96% 106 % 102 % 4.00 4.00 b 73 H 70 — 3t Clair Mad & St Louis Belt— 3.40 inc 4s 1990 Apr 1 Pekin Union Ry— 15% 69% 3 40 Eq tr 6a 1935 (yr) 3 * 101% M&S cons - 70 Gen equip 5s 1934-39 (yr) A&O Eq tr 4Hs 1935-39 (yr)—.A&O Peor & East cons 4s 1940--A&O 2d M5 98 H 104% 104 H — Rock island-Frisco Term Ry— 95 sterling stamped dollar....M&N 4Hs g 1960 F&A 4H« 1965. J&D 5s Dec 1 1968 J&D Gen g Gen m 4%s 1981 ser Peoria & cnll tr 4s 1949 op J M&M M&N b E> 62 H 63^ 3.75% 3.75% 3.75% 3.75% 3.75% unbury Hazleton & W-B— 2d mtge inc 6s 1938 coup-M&N - Rock Island Ark & Louisiana— RR— Oon M 4s gold 1943 do 4s gold 1948 do 1st 100 H 95 101 .J&J 5s 1994 L & N So joint g 4s—See L & N Mobile & O coll tr 4s '38-M&S 1 2 91% 60% —A & 102 Oons mtge 4H" 1939 A&O Oons mtge 4s 1939 A&O Penn Ohio & Detroit RR— 63 4.00 86 IDpUOUVUiD 80 Gu tr ctfs g 3H» 1944 b 10H 1.50% Richmond-Washington Oo— 150% Paulista Ry 1st 7s *42serA M&S15 M&N M&S F&A J&D J&D 99 63 % 62 69 80 H 100 H 64 (102 98 H 100 149 H 68 H 79 H , U4;20 63 1st & ref 4H« 1977 107" & Mecklenburg— 99 61 Pennsylvania 103 103 J&D con 1st consol gold Rich Fredericksb & Potomac— 100% Railway— Develop & gen M g 4s *56-A&O Develop & gen 6s 1956—A&O Develop & ven 6 Ha 1956.A&O Eq tr 6a 1935 (yr) J&J 15 Eq tr 5i 1935-39 (s-a) M&S Eq tr 4 Ha Oct' 34-'39 (s-a) A&O E Tenn reorg lien 5a 1938 M&S 1st Mem Div g 5s 1996 J&J St Louis Div 1st g 4s 1951 -J&J 105 62.50% 65 J&J Stamped (Fed tax) 1955 Saratoga— bds May 1 1941--M&: Richmond 64 vv avutv 4%s outhern 101 111H 6% franc bonds (foreign series) Gu tr ctfs g 3348 1941 ctfs g 3Ha 1942 3 25 97% 103% 102% 2.75% 95 Rensselaer 1st M a r 6 He 1948 F&A f 11 Pac Fruit Express—See Sou Pac— Pac of Mo 1st ex g 4s 1938--F&A 100 2d ext 5s gold 1938. 97 H J&J Gu tr 60 75 I 102 H 98 H 102 M x Eq 5s *35-'39 O (yr) M&S Eq5s'35 *41 D (yr).. A&O outhern Pacific (Golden Gate Ferries) 1st 5%s 1949 A&O outhern Pacific RR Cal— 1st con g 5s gu 1937 M&N lit. ref g 4s 1955 op 1919 _.T&.1 RR Stocks. 68 % 102% 72 .M&N Pacific Fruit Express equip 7s June 1 1934-1935 (yr)„J&D 91 / 98 Gu tr ctfs g 4s 1952 Gu tr ctfs g 334a 1937 97 90% 100 1st & ref g gu 4s '61 opt—J&J Pacific Ooast Oo—See Misc Bonds Pacific Ooast Terminals Ltd— 1956 loo" 105 39 Oregon-Wash RR & Nav— Oardelet Br 1st 434s 1938.A&0 Paducah & 111 1st 4Hi 1955.J&J Paris-Orleans extl 5Hs 1968 M&S 91 ) RR Bridge Co— 1951 Aug I *49 J&D (Oregon Lines) A M&J Conv g 5s 1934 J&D 40-year 4%s 1968 M&S 50-year 4Ha 1981 M&N 4H" 1969 with war M&N Equip 7s 1934-1935 (yr) J&D Equip 5i 1935-1939 (yr)__M&N Equip tr 5s 1934-38 (yr)__J&D Eq tr 4H« 1934-40 (yr)—J&D Eq tr 4H« '34-'41 (yr) J&D 1st Portsmouth Great Falls & 100 1937.-J&J Coll tr 4s (O P) 89 95 98 30 105 H 99% 112 Pa&NYOanal 1st M g 4s (juuiici u 85 62 25 103H 106H 99 % 5s 1963--A&O 102 88 62 55 f 1936—--—F&A 1st g 4s Pac Ooast outhern 111 & Mo 77 Raleigh & Augusta Air Line- ..J&J 1st cons guar 5s 1946 „ 80 36 97 70 1977 ) 1st mtge 4%s 1947 M&S Ogdensburg & Lake Champlain— to Con guar g 5s o 101 D 1977— 91 33 H 101H J&J outh & North Alabama- Port Arthur Canal & Dock- Norwich & Worcester— red 70 106 89 4.20 Eq tr 4%s 1935 40 (yr)M&S15 6 No Ry of Cal 5s g gu 1938--A&O it 100 102 North Penna ext'd 4s 1936--M&N „ 60 99% 97 80 Lewisb'g— ext at 6s gold July 1 1925 5% to July 1 1945 Ashtabula— 1st 4%s series 67 % 83 H 21 59 105% 98H 67 H Ref & Imp 5s 2047 ser D_._ J&J „ 2d Uen cons gu g 56 Prior lien g 4s Jan 1997 Q-J Gen lien g 3s Jan 2047 Q-F Ref & Imp 4%s 2047 ser A.J&J Ref & Imp 6s 2047 ser B—J&J Ref & Imp 5s 2047 ser O J&J 19 73 73 5H / 1st M 4s July 2 1950 .J&J outh Bound RR 1st 5s 1941 A&O 74 77 75 Pitts Young & 73 4A West Va Ry— 60 44 H 73 67 67 67 ♦ 102* 67 mmi — m 100 55% 10 85 1st g guar s f 5s 1942 Pitts Va & Char gu 4s 1941 101% 26 m A* iVA 4 hamokln Sunbury & 102 % 100 101 25" 4 Pittsburgh Northern Pacific— M 3 3 35 Pittsb Term RR & Coal— Gen & ref 5s 1974 ser A M&S Gen & ref g 4 %s ser A *74- M&S 10% 9% A—M&S 106 X 1st gu 6s 1935 ser B—--.F&A Certificates of deposit j T% Northern Central— Nor Maine Seanort, 5s 1935 Atk. 1st gu 6s 1935 series A—F&A / Certificates of deposit - Shawmut & Northern— Pitts 6s 1945 ser 5% secured notes 1931—F&A Equip tr 6s (s-ai 1934-37-F&A Eq tr 5 Hs '34-'36>a) A&O Eq tr 5s 1935-1940 (s-a)_-J&J Eq tr 4H« J an 15'35-40(s-a) J&D Atlanta-Birmingham Div— 1st g 4s May 1 1933 M&S eab-All Florida Ry— Pitts & Lake Erie 16% */ 30H 102% 162% Eq tr 6 Ha 1934-35 (yr) V17* 107% 107% 101% 53 98 A&O 109 1963 I cons Certificates of deposit-- 102% 108% 107 1st & ref g 5s *61 opt '15—F&A Certificates of deposit Norf & south 1st os 1941-M&N 1st 1st & 100% 105 H 105 Ser 20 A&O */ 21 Otfs of dep stamped 20H 4M AdJ mtge 5s Oct 1 1949--F&A / Ref gold 4s 1959 opt A&O •' 8 Certificates of deposit 102 % 102 % 96 52% 116% 107" 100 do 23 Stamped. 106 4s ser D 1945. do 87 H 70 J&J Gen mtge 5s g 1940 Term 1st g 5s 1943 N Y Westchester & Bos Ry— 1st M g 434s 1946 guar • 106% do IVA 106 % 27 106 Pitts Uin (Jhie & St Louli 103" 74 H J&J F&A F&A M&JS 1937— 2d mtge 4%s 1937 Bid Bonds Certificates of deposit---— / 105 do Y & Put 1st 4s g 1993 N Y Susq & Western— At Ask. -•hilippine Rbllvay— Apr 1 1950 A&O 4%s'57 gu M&N Tol Walhouding Valley & Ohio— 1st g gu 4s 1942 ser O M&S Toronto Hamilton & Buffalo— 1st gold 4s June 1 1946—J&D Oonsolm 4Hs 1966 ser A--F&A 1st gold 4s Tol Term 1st . 92 80 % 99 94 H 84 101 99 X 94 H 94M 84 86 89 Depot— ) 109 3 an Antonio & Aransas Pass— 3au Fran & San 1943 —J& J 83% 84% ) 1st guar g 4s 106% 97% 107% 97% Joaquin Val— > 6 Basis. / This price includes accrued Interest, rCanadian price. k Last sale. Jin London, n Nominal, s Sale price. * Negotiability impaired by maturity. June, 1934] are Bonds and 108 105 V 1st & ref 5s June 2 2008..M&S 40-year 43*» 1967 J&J 113 101 40-year 4s 1968 J&D Eq tr 4He *35 "38 (yr) M&N Eq 43*s Sept 15 *34 '39.M&S15 Eq tr 5s 1934-'37 (yr) M&S Eq tr 7s 1934 *35 (yr) J&D Union Terminal Oo (Dallas)— 1st g 5s 1942 opt 1922 a&O 99% 114 102 95 V b 4% non-cum pref Boston & Alb (guar N b 3.00 2.50% Boston & Maine com—.—-.100 F&A 103 V 104 V 1st 99% 1st loov 1st preferred A 101% 1st preferred B 1st preferred O .J&J1934 f off J&J f coupon.. Cash war & scipt rcpt No.5 on Vermont Vail lst43*« 1940--A&O Vicksburg Bdge & Term Oo— 1st preferred 1st preferred 3V 3V ~3V 95 98% M&S f 32 Debenture M&S / .... Vicksburg anreveport & Pacific— Pr lien6s'15ext5% '40--M&N Gen 5s May 1 1941 M&N gen 5s 1936 —M&N Va & Southwest 5s 2003 J&J 1st cons g 5s 1958 A&O Virginia Mid 33 4 100 v 90 102 103 V 1043* 93 81% 97 83 107 3* 108 Virginian Railway— 1st M gold 5s 1962 opt—.M&N 1st in 4Kb 1962 ser B_._M&N 102V Eq tr 43*s 1934-1940(yr)..J&J b 3.10 Eq tr 5s 1935-1938 (yr) —.M&N b 3.10 _Eq trust 6s 1935 J&J b 3.10 Wabash RR—1st g 5sT939.M&N 903* 2d gold 5s 1939 F&A Deb mtge 6s series B 1939-J&J 1st lien term gold 4s 1954-J&J Ref & sen 53*s 1975 A —M&S Certificates of deposit Eq tr 6s 1935 1 vear; ——J&J15 Eq tr 4 Us 1935-42 (yr)_—A&O Det & Ohic ext 1st g 5s '41-J&J Des M Div 1st g 4s 1939--J&J Toledo & Ohic 4s g 1941..M&S Omaha Div 1st 33*« g '41. A&O Wabash Ry— Ref & aren 5s 1976 ser B F&A Certificates of deposit Ref & gen 4 Us 1978 ser O.A&O Certificates of deposit.. Ref & 5s 1980 D—A&O Certificates of deposit Warren lstrefg 3Us 2u00—.F&A k Wash Cent 4s Mar 1948 aMar gen ser Washington Co By 1st g guar 3Us Jan 1954 op 1924 J&J Wash Term Oo—3 Us 1945—F&A 1st gold 4s 1945 guar F&A Washington & Vandemere— 1st 4Us 1947 F&A West Jersey & Sea Shore— Oonsol gold 4s 1936 J&J Cons 3Us g series B 1936—J&J West Shore 1st 4s 2361 Registered 2.90% 79 503* 4% non-cum preference...—£1 I 4% perpetual cons deb £1 I Oaro Cliuchfield & O com 4%. 100 Common stamped 5%. 100 153* 95" New York Central 50 47 50 36 40 62 69 N 433* 4531 443* 453* N (guar; iUO 60 65 N Y New Haven & Hartf ldft 129 100 3 4 24 3* 7 V 100 43* 73* 93* 100 100 16 100 33* 53* 43* 100 100 7% preferred 6% preferred 7% non-cum preferred 100 OincNew OrlA i'exaa Pacific. 100 100 - 20 88 3* Oin 73* 215 96 52 57 «t 623* 100 88 4% 1st non-cum preferred-.100 4% 2d non-cum preferred-.100 101U 743* 523* 28 3* 213* 86 100U 99 U 19 Colorado & Southern Columbus & Xema (guar).. 85" 50 50 100 " 50 M&S 5Us 1934-*38 (yr) .J&D Wneeling & Lake Erie RR— 87 88 101 943* 106 3* 1013* 37 85 37 3* 90 106 97U 94 96 Ref gold 5s series B 1966-M&S J&J b 3.50 Wheeling Term 4s 1940 F&A White & Black River Valley— 1st 5s 1980— J&J Wichita Union Terminal Ry— 1st g gu 4 Us 1941 opt M&N 39 Dayton & Mich corn (guar; 50 Preferred (guar O H & D)._ 50 Delaware & Bound Br (guar) .100 Delaware & Hudson Oo 100 Delaware Lack & Western 50 127 235 35 Piedmont & Northern .100 Pittsburgh Bess & Lake Erie— F&A ..J&D 67 Pitts Ft W & Chic com (gu> ...inn 140 7% conv pref (guar Pa RR)-100 Pittsburgh & Lake Erie—— 60 Pittsb McK & Yough (guar).. 50 Pittsb & West Virginia 100 Pittsb Youngs town & Ashtabula 7% non-cum preferred 100 Q O 1603* 63* 363* 863* 170 50 139 91 51 27 100 ^ 2»i 41 43 Denv & Rio Gr West 6% pref 100 Denver A Salt Lake (1; Detroit Hills & S W (guar) 100 30 8 Wilmington & Welden RR— J&J J&J Winston-Salem Southbound— 1st gold guar 4s I960 J&o Wis Cent Ry—1st M g 4s '49 J&J 100 99 13U Sup & Dul Div 4s 1936 M&N / 10" Worcester Nash & Roch—See Bo ston & Yosemite Val s f g 5s 1936-.J&J f 13 1 2 100 100 -.100 6% guaranteed. 7% guaranteed 63 67 183* 223* 173* 19 3* 233* Rutland 7% preferred 8* Goule Bridge 1st pref 50 65 75 50 603* 50 64 Rome & 2nd - - 82 - 'en 178 8 63 100 5% non-cum preferred...-.100 8arar,oga & scneueetady (gu) Schuylkill Val Nav & RR (gu) .on 133* 70 53 50 Preferred 51 9 11 Snaron 25 Southern Pacific Co 100 Southern Ry common.. ion 66 70 100 com Preferred 1 4 100 Alabama & Vicksburg 100 Albany & Surquehanna (guar) 100 Alleghany Corp (f 5 U % pref (with $30 warr). 10 8 47 50 43 ----- 5% non-cum preferred Kin . 243* Southwestern of Ga (guar) —100 40 Tennessee Central 633* 43* 43* 153* Kansas City Southprn tr ctfs 5 21 5 Troy & Gr'bush (gu N Y C)__ 50 Tunnel RR of St Louis 100 50 6 Onion Pacific—Common 100 1193* 4% non-cum preferred 100 . Uanai (gu;_100 80 229 26 Valley RR (N Y) 90 Onned N J itn 115 14 a (guar)._.._ 100 Mass (guar) -.100 2V 13V 15 193* Vermont & 75 Vicksb ShrevAD & Par 11 13 143* 78 15 113* 13 15 25 5% non-cum preferred Virginian Railway com 91 95 Wabash Railway 43 46 102 Atlanta birm A Coast pref Atlan & Char Air L (guar) Atlanta & West Point 10U 84 88 100 170 180 100 42 50 35V 38 543* 793* 107 57 81 Atlantic Coast L Co of Conn..50 Atlantic Coast L RR com 100 Atlantic 1st leased lines rent tr. 78 53 Spec guar betterment stk._ 43 453* 100 Louisville & Nashville 503* 153* _ Lykens Valley RR & Goa Mahoning Coal RR Pref (guar L S & M S). 52" 163* 83 Augusta& Savannah (guar)..100 Preferred Little Miami original guar 60 393* b Basis. /This price Includes accrued interest, k Last sale. /In t No par value. * Quotations represent dollars per $100 face amount. 50 485 50 47 London, n 650 52 Nominal, 126 Otica Chen & Susq Val (gu)_100 Otica Clinton & Binghamton.100 21.3* 2% 12V 5U% Pref (without warr)_.100 5U% pref (with $40 warr)__ 100 Allegheny & West (6% guar). 100 Atchinson Topeka a Santa FelOO 5% non-cum pref 100 75 »t) t'exaa & Pacific 147 90 12 Ohio stk 100 105 207" 21V 24 V 30V 41V 100 Mob & 203* 24 140 80 89 202 2 4-2% non-cum preferred—100 Pottsville 20 7 ctfs—See RR Securs Co Internat Rys (Cent Am) com. (t) Com vot trust ctfs.. (+' IV Shamokin Valley & 203* 31 Stk tr 50 45 50 Seaboard Air Line common 16 100 3V 13 18 105 —t 113* 203* 113* Hudson & Manhattan Maine 3 100 Ry 3* 126 100 623* Ala Great Southern com 70 83 10U preferred 22 Hartford & Conn Western 163* Par 130 160 100 6% non-cum preferred—..100 St M»uls Southwestern ion ~ 87 173 Clinf 37 RAILROAD STOCKS. 113 100 D & H)__100 St Louis-San Francisco 20 Wayne & Jack pref (guar). 100 Illinois Central 123 113 Roch & Genesee Val RR 44 68 48 luu 100 15 163* 45 383* 37V 1st pref....—50 50 Dividend obligations 47 4 % non-cum 2d preferred. Erie & Kalamazoo (.guar) Erie & Pitts (guar Pa RR) non-cum 100 Rensselaer & Saratoga (guar; .100 Rich Fred & Potom—Com—100 "13* 13* 6 % non-cum preferred East Mahoning (guar) Worcester (guar; 4% non-cum 2d pref "73* 16 Green Bay & Western Gulf Mobile & North com 100 4% 57 100 25 98 3* ...A&O 83* 80 GeorgiaRR & Bank Oo (gu) 100 Great Northern Ry— Iron Ore prop trust ctfs—..(f) 85 183* 145 ♦1% 111 Cent stk ctf 1952—1000 Reading Companv 50 70 DslftWftrf* 56 1013* 883* 180 68 493* Railroad Securities Co— East Peuna iguar P A R) Elmira & W'msport (guar) 95 "73* 38 Prov & Ft F&A 33* 51 Dulutb South Sharp & AtJ Wilmington & Newborn— 34 60 60 100 -— Pitts Cin Chic & St Louis 100 223* 1.50% Willmar & Sioux Falls— Alabama Tenn & Nor 33* 253* 343* 373* 60 Phila & Trenton 23 503* Preferred (guar Nor Cent). 1st guar g 5s 1942 J&D Willamette Val Southern Ry— 1st & ref 4s 1959 293* 2 3* 110 (gu Pa RR)_100 Norris (guar).. 223* Wilkes-Barre & Eastern Gen mtge g 4s 1935 & 23 33* Oonsol RRs of Cuba 6% pref Cripple Creek Central ..]<>»• 2 100 1935 Phila Germ Preferred 101U 5s 68 100 100 5% preferred 5% prior preferred — 333* 18 973* gold — 73 68 100 100 Eastern.. , 105 1 Pere Marquette Ry com 80 96 85 93 3* 1st consol gold 4s 1949 M&S Ref M 4 Us series A 1966.M&S gen Peoria & 93" — 68 101 Peoria & Bureau Val (guar)..100 Connecticut & Passumpsio— Preferred 88 1013* 50 Pennsylvania RR Corp v t c 3* 60 72 100 50 Pennroad 175 100 L 88 85 % 95 . Gen mtge gold 4s 1943 A&O Western Pacific RR Corp— 1st Passaic & Del Ext 11 483* Oleve Cine Chicago A 24 100 63* 47 5% non-cum preferred 83 Northern Pacific Ry 100 North RR of N J (guar Erie) .100 Northern Securities Co stubs 105" Oleve & Pitts (.guar Pa Kit).. Betterm't stk (guar Pa RR) 23* 1723* 95 3* 115 225 5 Clearfield & Mahoning (guar)..50 92 10( Paterson & Hudson River 50 pref 100 North Pennsylv (gu P & R)__ 50 Ogden Mine RR (gu On N J). 100 Old Colony (gu NYNH&H).. 100 Ontario & Quebec 6% cap stk 100 5% permanent deb £1 Oswego A Syrac (gu D L & W) 50 6 103 793* A&O 1st gold 4s 1947 93* 173* 33* 91 No Carolina Iguar So KR;_ .100 North Pennsylvania 50 Northern Cent (guar Pa RR). 50 North'n N H (guar B & M) —100 43* 73* 100 nlon Term 5% 110 _ Cincinnati Sandusky & Cleveland 6% non-cum preferred 50 preferred 1203* Western Ry —.100 Adjust 4% non-cum pref. .100 8 3 Chic St Paul Minn & Omaha.lOO i conv West 18 33 50 Norfolk & 22% 84 % 1st & ref 6>*s 1977 ser A..J&J West N Y & Penna 5s 1937__J&J 1st guar g 5s 1938 7% 100 preferred non-cum Lack & 4 24 77" Y 33* Chic R 1 & Pacmc common—100 79 10% 27 3* 24 100 <gu).._. com 33* 7 V 53 243* Harlem & 3 V ..._(t) Preferred Y 128 122 10 (t) London.. com 6% preferred series A 3 20 RR Dividend payable in N Y Chic & St Louis 100 24 13* % 15 127 New Orl Texas & Mexico 100 22 42 13* 3* 47 —100 90 373* 38 813* 883* 100 100 London Nortnern N Y Ontario & Western Norfolk Southern 73 V 50 323* New Central of New Jersey 5% non-cum preferred Chicago & Nortn Western 7% non-cum preferred 22 "" Rys of Mexico— 1st 4% non-cum pref 100 2d 5% non-cum preferred. .100 10 963* 55% 83' ational 58 1 96 0 47 .100 N)_ 25 93 pref (guar). 50 2d pref (guar P&R) 50 Cayuga & Susq (gu D L & W)_ 30 Common 8 55 6 90 6 4 693* (guar) Nashv & Decatur (gu L & 43* 65 90 Oatawissa RR—1st 100 Chesapeake Corp --(t) Chesapeake & Ohio common—25 Chestnut Hill 50 Chicago Burl & Quincy 100 Ohic & East Illinois common. 100 53 153* , 31" 9 22 60 100 Nashv Ohatt & St Louis 28" 4% non-cum preferred Chic Milw St P & Pacific— 85 100 51 Mt Carbon & Pt Carbon (gu)_.50 1553* Col)—100 Canadian Pacific. 83* 203* 43* 53* 1 Mobile & Ohio—wee Southern R> Morris & Essex 43* 11 7 <<>( 5% conv preferred obile & Birmingham— 4% non-cum preferred Boston Rev Beach & Lynn—100 Canada Southern 43* 100 Pacific com 5 2 17 Ohic Ind & l .ouisv common—100 90 West Fruit Exp—See Gt Nor— Western Maryland 4sl952—A&O 6s 1939- 11 163* 153* 24 22" Missouri — 3* 23* % 1% 100 7% preferred series A 30" — 53" 51 ...100 ctfs easeu line • 45 50 100 10P 100 Minneapolis & St Louis Minneapolis St P & S S M 7% non-cum preferred 11 - 25 —100 —-.25 ~ 25 25 RR (guar) Mo-Kan-Tex RR com 16 1100 2 - Minehill & Schuyl Hav (gu)__ 6% preferred Chicago Great West com 4% preferred 85" 55 -- 4% i 283* 103* 7 3* 900 Preferred— 50 ill Creek & Mine Hill Navig_ 135" 23 22"" West Virginia & Pittsburgh— Eq tr 6s Jan 15 1935 110 65" J&J k 1st M 5s 1946 series A 2.90% 2.90% 733* J&J S.^l«tt"4sl990 Preferred stamped Bost & Prov (guar Old 100 50 Mississippi Central -—100 stamped stamped stamped stamped stamped Camden & Burl Oo (guar) 1st, M sf 6s 1958 f 7s 1948 D E Preferred 44 Bid. 100 100 Michigan Central Midland Valley com 10 unstamped.100 unstamped. 100 unstamped-100 preferred D unstamped .100 preferred E unstamped .1 on Prior pref »->»-' oo 1323* 8V 1st preferred A 1st preferred B 1st preferred O 1053* 22% 273* 118 YO).. 100 Par Stocks. Maine Central tion & Belgian Nat Rys Oo American shares partic pref... 2.50% 2.50% 2.50% V 42J* 1043* 333* 50 3.00 1st guaranteed 43*s— s Y O) Ask. 72 26 100 7% preferred Beech Creek (guar N 3.00 3.00 Series B 1957 __M&N Vpra Cruz & Pacific RR— coupon 22 fid Bangor Aroostook com b Gen 1st g 33*s Mar 1 *51.M&S Vandalla RR— July 1914 July 1914 67 100 b United NJKR& Oanal Oo— General gold 4s 1944 M&S Ceng 4s 1955 series A. 99V 94V _. Bid. Par. 8tocka. Bait & Cumberland 7% gu 50 Baiiimore & Ohio com..——.100 Union Pacific¬ ist ry & land gr 4o g 1947--J&J 1st & ref 4s June 2008 M&S as near as income and defaulted bon possible for the closing day of the month preceding the date of issue. Ask. Bid. Stocks. whei'e marked "f" and "and interest" except Quotations for all securities are 77 BONDS AND STOCKS RAILROAD NOTICE.—All bond prices com 91 111 753* 75V 100 100 65 100 100 3V 5V 43* 5% non-cum pref A 100 5% non-cum conv pref B 100 Warren N J (guar DBA W> 50 West Jersey & Seashore (guar) 50 Western Maryland Ry com__10'» 1st preferred 100 4% non-cum 2d pref 100 Western Pacific RR Corp 100 6% non-cum preferred 100 Wheeling & Lake Erie Ry 100 6% non-cum preferred.. 100 r Canadian price, s Sale price, 51 58,. 11V 68,. 14V 5V 12 24 V 31 x Ex-dividend, NOTICE.—All bond prices are Quotations for all securities Stocks and Bonds. Par. Bid. Ask. Per Administered Fund com w Air v investor* lnc t w__( ( c. I 14.66 1 Convertible preferred ( Warrants Aldred Invest Trust (Mass)— Deb 43*8 with com shs 1907 Aldred Investment Oorp (Can)— Deb 4 3*s with com shs —1968 Alliance Investment com (f) k 123* 5s A with warr 1949 J&J Allied Int Investing Oorp com. (+> k $3 convertible preferred (t) k Amer Bankstocks Oorp (t) 15.60 13* 72 % 53 Stocks and Bonds. 90 11) (t) F&A preferred Deb g 5s 1953 Amer Business Shares Amer. 15 Fourth Nat'l Investors 20% 213* 1.91 2.11 Class A (t) k 57 9 1.12 Del» 5s Feb 1 General 1.26 % 253* 84"" 82 1.00 $5.50 prior pref (t) 1943 k 1 (t) Coll tr s f 5a 1958 ser A J&J Amer Founders Corp common. 1 _ D 5< 7% preferred ser B 5' Amer & Gen Sec com class A_(t) Common class B (t) (f) 1 Associated National Shares Associated Stand. Oil Shs Atlantic & Pac Int com w w__(t) (t) (f) Bancamerica-Blair Corp Bancshares, Ltd— Participating shares 50c Bankers Nat Investing com A (t) Bankers Sec Oorp of Am (fi 7% preferred 10 _ (f) (t) 100 Convertible preferred (t) Commercial Natl Corp Commonwealth Securities pf__100 Continental Secur Oorp com__(f) 5% preferred 100 Debenture os May 1 ly42 Without warrants shares old series. ... Accumulative series AA (modified) 10 1.05 83c 91c 96c 1.05 Selected American shares 99c 1.08 Selected American Shares lnc 1.11 Selective Cumulative Shares Selected Income Shares 3.30 Selected Industries 1.18 96c 1.05 99c 1.08 uH 14 17 4 6 4K 4J* B shares O shares 1 53* 53* (t) (t) $7 preferred Debenture 5s series A Huron uys 453* 14 16 23* 9 4 3* 11 UK (T) 1948 Holding Corp.(tl com Insuranshares Certificates Inc_.l lut Sec Corp of Am com A 123*1 8 y8 32* 3.55 Interstate Equity 103* 13* 78 50c 2% 26 love (t) 14 57 22 243* 243* 3* 65 1.95 69 43* 98 80 1.87 1.87 2.14 2.14 17 105 Loomis-Sayles Mutual Fund _ _ (f) Mutual Investment Trust 1.05 1.15 Corp (f) (T) 1 Investors 2.77 2.04 1.21 1 16 -(f) pref cum 5.32 5.34 2T6 1.02 1.02 — Class D. 1.40 2.03 2.01 Trustee Stand Invest ser C — Trustee Standard Oil shares A— 54 Trust Fund Shares Series B 5.35 4.90 33* Trust Shares of America 1^ Union Amer Invest Corp— New Jersey Bankers Securities N Y Bank Trust Shares.. 25c (t) Niagara Snare Oorp (Md) Conv deb 53*8 1950 3* 663* 5 4 (t) common cum M&N 49 - preferred 67) 4J 52 (t) 75 17 13* 7 Pacific Investing Corp— EJ Deb 5s 1948 without warr.-J&J _ Sec Corp Preferred Nominal, Sale price, x 23* . 8 3 2 4.05 5 I 813* 83 32 43* , 3* 23 Ex-dividend. 3* (t) U S Elec Light & Pow tr Trust ctfs ser B --(}) M&N ctf A— "5" 673* 12 1.91 Voting trust ctfs U 8 Elec Pow Oorp com w war .1 U S & Foreign Securities com.(t) $6 1st preferred (t) U S & Internal Sec (t) 1st pref with warrants (t) Utility Equities Corp com.—<t) $5.60 priority stock. Utility & Industrial Oorp L Convertible preferred (t) 1 28 . (t) s 2.60 80 ----(f) .... 2.38 United N Y Bank Shares O 3 Deb g 5s 1948 2.25 70 80 Pacific South era Invest prfcf ( Class A ._( Class B_._ ( "K 1 — United Insurance Tr Stocks F Class B 153* 100 Old Colony Trust Assoc Overseas Securities Co 1 (Can)— Preferred Debenture 43*s Feb 1 1947 Debenture 4V*s Dec 15 1952 n United Gold Equities Standard shares United Oil Trust Shares 843* 2.25 Securities.. J&D A 1948--- 1.78 Old Colony Invest Trust— Common Phoenix ser (t) United Founders common 2.27 Oil Shares units 3.00 5s 2.50 203* 893* - U S & British Internal class A.(t) 1953 1955 1950 30 --------- Common United Fixed Shares ser Y 33* New York Investors 1958 Northern k Last sale, 34 33* 403* C1"J 1.25 35c !4M 7.80 6.76 —.— 313* 13* North American Trust shares— 3.50 ...—...—-— 3.25 3.25 46.50 74c 13* 4^ 2.06 - — 6.15 B 65c Class BB 1.15 $6 43.18 66c 62.08 2.91 5.95 2.50 K -—.— Class B 3.15 3.60 IK — Voting trust ctfs 3 25 2.25 i% 29 15* 483* 3* Remodified 2*56 49 Sterling Securities common A_(f) Common B (t) $1.20 preferred (t) $3 cum conv 1st pf 60 Sun Investing Oorp com.. __(j) $3 convertible preferred (f) Super Corp of Amer class A_____ Nationwide Sec Co 2.25 47 — Twentieth Century Fixed TrSeries B 2.27 253* —(+) _(+) Investment Oorp Class B 19.66 21 105 Standard Utilities lnc Trusteed Industry Securities Trustee N Y Bank shares 18.09 771 43* Class B Warrants 713* 53* Warrants National Trust Shares— 110 76 Trusteed Amer Bank Shares A— 2 $5.50 preferred.. 2.27 75 Deb 1939 F&A 16 Stand Oil Trust Shares A— 6% 13* 21 Tnird National investors Trl-Contlnental Corp 98 warr.. 3K 1.46 warr.. $5.50 preferred Deb 5s Mar 1 1937 with State St 3* Oorp com.(t) (t) Supervised Shares— 60 National 1 Class D 97 Nat Bond & Share Standard Investing Class O 973* 1948 with Without warrants Jones (J Edw) Royalty Trust Major Shares Corp 26" 2.70 Standard Corporations lnc Standard Industrials lnc 83 Deb 5s B Standard Amer. Trust shares. 83 98 ser 15* - Class AA Equity— 9 23 Five Year Fixed Trust shares... Fixed Trust Shares series A (t Series B 173* 173* 223* 223* Low-Priced Shares 1.05 /Flat price, 14 Massachusetts Investors.. First Insuranstock Corp t No par value. 4* 10 33* 25 First Common stocks Corp..— (t) % % 33* % 163* common <>r> (t) Southern Corp com (f) Spanish & Gen Corp Ltd— Am dep rets ord reg £1 Amer dep rets ord bearer £1 Spencer Trask Fund lnc (t) Ex-warrants 13* 13* 5 1 173* 11 97 3* 2% 6 2.80 --(t) 2.33 14 1 (t) common Without warrants Investment Trust of N Y coll A., "l3* 26 K 3 H 7 26 _ 18.03 Debenture 5s series A 1947 2% common.......... % 53* 13* 683* 563* 25 — 7% preferred |(t) 5s series A with warrants 1947— 70 m (t) 5* (t) 10U 100 J&D * $3 convertible pref "A" New 23 23* 203* 13* 1 6 41 Investment Co of Am— 333* 833* 3* 19 K 39 6*' common 63*% preferred 6% preferred Debenture 5s 1947 3.25 $3 convertible oreferred Sisto Financial Corp -- Deb g Insuranshareo Co. of Delaware..! 74 (t) (f) Shenandoah Corp common 9 F&A 6s 1940 B with war__ J&J Class B com $5.50 prior stock Allotment certificates Selected Management Trustee sh. 1.07 sy 6.34 ----- 1.18 4* 4* 95 2.44 1.02 Insull Utility invest— Deb g 5s Jan 1949 "75c (f) $6 preferred 95c Illuminating Shares cl A—See P U stocks. 16.77 Incorporated Investors (U 2.04 Independence Trust Shares (t) Indus & Power Securities Oo._(t) 123* Inland Investors 1.27 Securities Corp General com„(t) 93c 98c 1 com $0 preferred $3 preferred 33* "3 3* 1.02 Shares... 1.08 Utilities Shares Guardian Investors 23* 80 — 87c Hydro Elec Sec Dividend Shares Eastern Utilities investing Corp— Deb 6s 1954 with warr M&8 15 fk 19 Elec Shareholdings Oorp com.. 1 com Railroad Equipment Steel Shares 29 27M 6% preferred Fidelity Fund, lnc Shares Railroad Shares Tobacco Shares 43~" IK 23* Y2 Petroleum North American Bond Trust Ctfs. _D shares $3 conv preferred Equity Trust Shares. Federated Capital Oorp 85 96c Diversified Trustee Shares Equity Oorp 23* 363* (f) 5s series 3 Dec 1937 gf* 17* 21K warr 1 - preferred Securities Co of New Jersey— 5 3*s series 2 Oct 1937 6s series 4 Nov 1942- 1.08 53 80 100 3.76 pref with 263* 92c 99c 10 conv 3* 60 99c Merchandising Shares Mining Shares 7% cum preferred 100 Cumulative TrustShares (t) Deposited Bank Shares ser NYDeposited Insur Shs ser A Deposited Bank Shs N Y A $0 conv 3* (f) 89c „y8 ——(t) AGO (modified) Orum & Forster lnc com.. 8% preferred Orum & Forster Insursh B Sec Oorp A com._(t) common 81c 5 3* Class B_ AA $5 99c 2 3 Chelsea Exchange Oorp cl A Corporate Trust __1 84c 21 Chicago Corporation 12 90c Int Class B Shares.- Second Nat Inv Oorp— Common- 1.04 1.08 50c J&D 63*% Pref Second Utilities 90c 2.97 _(f) J10 Chain & Gen'l Equities lnc Seaboard 0% preferred 95c (f> Capital Administration cl A—. Century Shares-Trust 23* Industrial Machinery Shares.. 1 — (1) Canadian Int Inv Trust 5s__1954 Canadian Investment Fund 5s series A 1953 Cent Nat Oorp class A Class B 4.53 20 10 7.91 - 3*6 4 102* 443* 3% Corp common $3 preferred A Warrants A 2 17 18 Food Shares Atlas ser 4.0I 1 "13* 1.26 30 Building Shares 19 Class B $3 cum pref 953* Automobile Shares Aviation Shares 88 Atlantic Secur 43*s A 1953-A&0 _ - 81 ijS (t) $6 preferred (f) Quarterly Income Shares Uellance Internal Oorp com A(ti Preferred (f) Representative Trust Shares Royalties Management A 90c 1^65 8§M Chemical Shares 24 _ Basic Industry Shares British Tvpe Investors cl A Bullock Fund Ltd..: 1 "% 66 fin ww 10c Premier Shares 31K 3* 38 preferred Amer Insuranstocks Oorp Amer Investors lnc common Warrants Preferred 76 Bid. Pei Plymouth Fund lnc Prudential Investors 83* 33* Amer Elec Sec partic pref American European Secur 6% 33* 33* 83* (f) Pref allot etf. 25% 1st pref (t) Group Securities, lnc— Agricultural Shares Par. Primary Trust Shares German Credit & Invest. Common Amer. Com posit Trust Shares ser 1 Trust. Kealty & Utlitles comi $6 pref (with warrants) Continental Oorp 6% preferred Investors 5 (t) com Geo'l 23* (t> 5s ft) 1952 without warr k General Investments $6 preferred Warrants _ (+) S3 preferred <v. __(t) Vmwlcan Investors.-(t) Stocks and Bonds. Distillery & Brewery Shares... Electrical Equipment Shares.. Claw B American . Class B General 1 Ask. share 1 w w $6 pref fwith warrants) 52 Bid. Fundamental Investors lnc Fundamental Trust Shares Inc.- 3* 58 .92 Capital Corp A Par. Per American British & Continental— Common possible for the closing day of the month preceding the date of issue. share. ^ ; "and interest" except where marked "f" and income and defaulted bonds. are as near as / 72c 9 y4 72 131 4831 231 463* 33* 53* 3* 13* 253* * Negotiability impaired by maturity, eEx-coupon. Utilities Public All MrvrirF Quotations nrires are fo? all securities Bonds Bid. 99 81 83 80 1st & ref 4%s 1967 J&D 1st & ref 5s 1968. M&S Water Service Oo— 1st M 5s 1957 ser A J&J 88 82 65 66 70 72 Alabama 674 684 12 HH oo 12 98 38 56" 52 1 M&N / 14 1940. MAS fk 1% Community Pow 54s '53 J&J */ 3 Secured notes 54s 1931—M&N / 50 Amer Elec Pow deb 6s '57 M&S 15 144 3 53 Am Gas & Pow deb 5s 1953-M&N secured deb 6s 1939 J&D k Natural Gas 1st 1 54« 1948 Deb 0s 1938 25 3 w* 26 294 55% 57% M&N 45 46 M J&D 9 Coll trust 5s 1946Deb sf 6s 1900 1034 1084 107% 1104 108% 107% 994 914 J&D J&J Deb 54o Nov 1 1943—M&N Conv deb 44s 1939 J&J 35-yr deb 5a 1965 -.-F&A Amer Toll Bridge 1st 7a '45-A&0 2nd convertible 8s 1945--A&O American Utilities Oo— 1st lien & ref 0s 1945 Deb 6 4s 1941 J&D / M&N J Amer Water Works & Electirc— Conv co 1 tr 5s 1944 M&S Den 0s 1975 Ser A M&*% Deb 5s 1975 1 884 15" 54 1 Amer Telep & Teleg— Cony g 4s'36 conv aft'OP-M&S ser B 14 110 107% 1004 924 17 14 104% 85 69 J&D 108% 107% 1104 6s 1948 104% 85% 70 J&D 103 Ana&Pot R RR—See Wash Ry&El Androscoggin Elec let 5s *34 A&O Androscoggin Water Power— 97 99 71 75 1st 6s 1945 F&A .... Appalachian Elec Power— 1st & ref 5s 1956. 95 M&N 106 Appalachian Power 5s 1941 J&D 7% gold bonds 1930 1054 F&A Deb gold 0s 2024 J&J 834 Appalachian Gas Corp— Conv deb 6s 1945 ser A..M&S / 4 Conv deb 6s 1945 ser B M&S / 4 Ardmore St Ry—See Phlla Oo. Arizona Edison 1st 5s 1948— _J&» / 35 6s 8 f series A 1945 A&O f 40 Arizona Pow 6s 1947 ser A 30 M&N Arkansas El & Wat 6s 1944.F&A / 5 . Ark & Mo Pow 1st 0 95% 84" 6 6 37 43 33 374 28 29 1st s f 7s 1953— J&J Arkansas P & L 1st 5s 1950.A&O Arkansas Western Gas Oo-— 38 40 764 774 1st 54 s 1939 with warr J&J Arkansaw Water 1st 5s 1950.A&O Ashland (Wis) L & Pow St Ry. 42 1st M gold 5s 1939. J&J Ashtabula Water 5o 1958—.A&O Assoc Elect 44s 1953 J&J 984 45 99% 89 38 5s Jan 11901 J&J Associated Gas & Elec Go— Conv deb 64» 1977.. .F&A Conv deb 44s 1949....J&J 100 914 38* 41 Conv 54s 1938.. I 15 A&O F&A M&N 17 17 it* 16 36 38 Conv deb 5s 1973 Conv deb 44s 1973 J&D 33 34 J&D 30 32 Conv deb 4s 1973 Income deb 44s M&S 284 30 M&N Income deb 34s 1978 M&S Corp participating 8s '40.M&S Associated Pub Utilities Corp— 1st lien 5s 1947 A deb 6s series A 1958 14 M&N Associated 164 164 15 75 J&J ser 19 154 154 A&O 77 42% 34% 434 38 Telep Oo Ltd— 1st M 5s 1965- M&S k Assoc Telep (Jtil deb 5s 1942A&0 f Certificates of deposit.. f Conv deb 08 1941 M&S f Certificates of deposit f Conv deb 5 4s 1944 ser O.M&N f Certificates of deposit.. f 2-yr 0% notes 1933 A&O f Certificates of deposit... f Associated Telep & Teleg Co— Deb 54s 1956 ser A M&N Atchison Ry. Light & Power— 1st 5s Nov 1935.M&N 94 124 114 it* 12 14 11 13 14 15 14 15 18 18 21 21 54 55 94 Athens (Ga) Ry & Electric— 1st &ref ■ f g 5s'50 opt '15 J&J Atl Cons St RR—See Ga Ry & El Atlanta Gas L 5s g 1947 J&D 44s ext at 6% to 1934--M&S 6 Basis. 77 . 109% 109% 99" m 54« 1954 m 5s 1954 112% 114 116 102 103 Works ser 96% 65% 67% 58 40 45" 87 91 1034 1044 104% 59 98% 95% 99% 1074 100% 100 96 99^ 100 100% 99% 103% 994 99% / 1004 104 — Sept 1947 ..—M&S Brandenburg (Germany) El Pr— 106 1004 99% 5s ser 5s ser A 1949 E 1952 Bklyn-Manhattan s f 6s 1968 ser J&J ... Transit A J&J Brooklyn City & Newton 6s 1939 Brooklyn Queens J&J Corp 46 44 1004 102 104% 994 1034 Ry. Burlington (Vt) G L 5s 1955. J&J Butler Water 5s 1957 A A&O Butte El & P i,t , f 5s 1951. J&D California Electric Generating— 1st s f g 5s '48 guar M&S Calgary Power 1st 5s I960—A&O California Gas & Elec Corp— 105 100 94 1014 954 102 ff 105 103 Conv deb 54s '49 with war F&A Without warrants F&A Cent Public Utility inc 54s 1952- 1 Oentral Ry—See Un R.v&Ei < Haiti 104 75 55 564 \ 574 3 3 1% 24 14 4 15% 54 394 40 41 78 .... 72 76" 1074 904 J&J / 34 92 44 Chic North Shore & Miiw RR— 100% 23 214 106 M&S 100 .... 23 78 Ohes & Pot Tel of Va 5s '43-M&N Chester Water Service Oo— 1st 44s 1958 series A 164 <N <N o o XS M&N 5s series C 1933 ...J&D Charleston Cons Ky Gas & El Oonsol gold 5s 1999 -M&S Chic Aurora & Elgin RR— 1st & ref 6s 1951 50 1014 1st & ref 5s 1959 ser A A&O Central West Public Se-ylce Oo— 1st. 1 coll 5 4« 1956 A M&N 1950 49% 14 4 Central States Utilities Corp— 10 yr sec 6s 1938 J&J Central Traction—See Phlla Co Oent Vermont Public Serv Corp— 108% 82% 1st mtge f / f f 98 J&J / gold 5s 1936 60 .J&J / A&O / 70 93% 894 594 60 Cons M 5s ser A Feb *27 A&O Certificates of deposit 1927 J&D Certificates of deposit 91 Series B Feb 112% mon 4-5s Feb '27 opt.J&J Certificates of deposit Adi inc 4a Feb 1927 opt May Certificates of deposit ( IS 'f iH 103% Chicago Rapid Transit Oo— 1st & ref 04s 1944 J&J 109 1084 109 105% 106 105 108 101% 1024 1st & ref 6s 1953 ser A J&J Adjust deb 6s July 1903—J& J Certificate of deposit Chippewa Power 6s 1947 J&D Cincinnati Gas & Electric— 1st M 4s 1968 series A A&O 93 91 99% m 54»ser A 1952 1st 6s 1955 ser B Cities Serv deb 5s Jan '00 Deb g 5s Apr. 1958 98 97 1074 Deb g 5s 1963 87% 100 99 §4 5 5 56 15" 11% 64 5 8 't lH I 9 /! Oln Newport & Gov L & T— 1st ref 6s 1947 series A J&J Cincinnati Street Rv— 1st 104 49 484 9 Pur 108% 107 107 7 4 4 9 fk 52% Otfs of deposit 65 93 112 1st & ref 6s 1955 ser A Chicago Railways Oo— 1st 5s 1927 stpd as to 25% Dt red and pay Aug 1 1933-..F&A *f 54% 80 77 7 7 474 474 Six 99 1st & ref 54» 1956 Buff & Niag Falls El L & Power— 1st gold 5s 1942 F&A Buffalo Trac—See Internat 51 1034 Cent Ohio L & P 1st 5s Sj50 A&O k Cent Pow 1st 5s, 1957, ser D J&J k Cent Pow & Lt 1st 5s 1950—F&A Oent Pub Serv Corp— 109 77 1st lien & ref 6s '47 ser A.M&N 1174 1st lien & ref 5s ser B 1957 M&N 108 Conv deb 54s 1936 J&J k 158 Deb 5s 1950 103 J&D Brownsville Ave—See Phlla Oo. Buff Gen Elec 1st 5s 1939-F&A 1074 1st ref 5s April 1 1939— J&J 107 Gen & ref 5s 1956 ser A..F&A Gen & ref 44s 1981 F&A 634 694 63 49 J&J A 108% 108% 107 107 Sub— 1st ra g 5s 1941 (stpd) J&J 1st con 5s July '41(stp)..M&N Bklyn Un Elev 5s 1950F&A Kings Co El 1st 4s 1949 .F&A Nassau Elec 1st g 4s 1951 J&J Bklyn Un Gaslst cons6sg'45M&N ser 69% H.J&D k Chicago City & Oonnec ing Ry Coll tr s f g 5s Jan 1 1^27-A&O Certificates of deposit Chicago City Ry 1st 5s '27—F&A Certificates of deposit Chic Dipt Elec Generating— 1st M 4%s 1970 M&S 1st 6s series B 1961 M&N Deb 54s 1935 A&O Chic Gas L&O see Peoples G L&C 80 73 RR J&J Oo & ser Chattanooga Ry & Light— 1st & ref g 5s 1956 op '10__M&N Ohatt Rys 1st cons 5s '56.M&N Bway & 7thAveRR—See N Y Ry« m 69% 63 Cent MainePr 5s *39 op '19 M&N 1st & gen 0s 1942 ser B_—J&J 1st & gen 5s 1955 ser D___J&J 1st & gen 4 4s 1957 ser E.J&D 1st & gen 54s 1961 ser^F—J&D 54s series B 105 103 5s series B I960 M&S 98% British Col Tel 5s 1900 J&D 1024 Broad River Power Co— 1st & ref 5s 1954 Ser A—M&S k 55 m 634 Oent 64 70 7s Gen 107 Conv deb 5s 1948 J&J Deb 5%s 1954 with war M&S16 k States Pow & Lt Corp— 1st M & 1st lien 54s 1953. J&J 99 105 Sink fund gold 64s 1957--F&A West End St 5s 1930 M&N 5s March 1944 M&S T&J 108% 634 1064 Cent States Edis 54s A 1943A&O Deb 6s er A w w 1949 A&O f Central States Elec Corp— 100" 984 J&D Bronx G & E 5s 1900 F&A 67 101 10-year deb 54s 1934—.F&A 10-year deb 5s 1937 F&A 10-year deb 5s 1940 J&J Bklyn Borough Gas 5s 1967.F&A Bklyn City & Newton RR—See Bklyn Manh Transit Corp. Bklyn City RR 1st 5s 1941.-J&J Brooklyn Edison Co- 108 M&S 1951 84" 100 .M&N ref 5s 50~~ 474 1014 64 106% —. 49 Corp— 1st & ref 5s Jan 1957 Cent Ills Elec & Gas Co— 1st & 64 1074 104 Hirst lien coll r.r 5 464 4s '4« I.&D Central Georgia Pow 5s *38-M&N 100% 44 Central German Pow 6s '34-J&D k Ueut Hud Gas & Elec 94 82 52% Ry 4s 1935-—M&N 44s Oct 1 1937—A&O 4 4s Nov 1 1941— M&N M&N 106% Central Elec of N J 5s 1940--J&J Central Gas & Elec 6s 1946-M&S 1st & ref 6s 1947 M&N f 0s 1953 112 91% F&A Boston Elev s rH 75 45% A. A&O Bridgeport Gas Lt 4s 1952 .J&J 54s 1960 "... £ Central Indiana Power Uo— 99 British Col Power 62 00 Cent Indiana Gas 5s 1957—M&S 102 Dec 1942 105 49"" Bolivian Power 8s ser A '45-A&0 Boston Con Gau deb 5s '47—F&A Deb g 5s Canton Elec Oo 5s 1937 M&N Capital Traction (Wash. DC)— 1st g 5s June 1 1947 _J&D Oarbondale Ry 5s Nov 1933.. J&J Carolina P& List 5s 1950--A&O Cedar Rap Mfg & P 5s '53.-J&J Central Arizona Light & Pow Co 1st mtge 6s I960J&D Cant Ark Pub Serv Corp— 45 Bloomington Dec & Champagne Deb g Deb g 96 27 484 Mtge & col tr 5s '52 ser B.A&O Bleecker St&FulFy—See NY Rys 1st & ref 5s 1940 93 44 J&D ser 98 26 M&S / 64s 1951 49 97 1st (10% prin paid) 1927 F&A Camden & Sub Ry—See P S Corp Canada Nor Pow coll 5s '53 .M&N Canadian L & P 5s *49 op '14 J&J Canadian Rail & Harbor— 1st & ref 44s 1981 6s series I 1957 60 1st mtge 5s 1957 ser O F&A Blackstone Val G & E 5s '39-J&J Mtge & col tr 5s *51 474 1st mtge 44s 1967 ser F.-J&D 1st & ref 5s 1968 ser G—M&N A&O A Ky— Cent 111 Light 1st & ref 5s '43A&0 Central Illinois Public Service— 1st & ref 5s 1956 ser E M&N k Co— B ser Chicago 89 89% 87% Water 1st 1084 1104 1104 111% Bergen Turnpike 5s 1951 J&J Berlin City Elect 6%s 1951—J&D Sink fund deb 64s 1959—F&A Deb 6s Apr I 1955 A&O Berlin Elec Elev & Underg Rys— 1st mtge s f 04s 1956 A&O Binghamton (N Y) Gas Works 1st 5s 1938-A&O Binghamton (N Y) L H & P— 1st ref 5s Feb 1946 A&O Birmingham Elec 44s 1968-M&S Birmingham Gas 1st 6s '59 -M&N 6% notes 1935 A&O Birmingham Term'l 4s '57--M&S Birmingham South ...A&O k 94 100% 4 3 10 10 3 3 97 1014 ,04 70 A&O k 76 M&S k 474 464 464 A&O M&N Deb 5s 1969 M&S Conv deb 5s 1950 J&D # 1004 87 89 / This price includes accrued interest, 954 52 108 1958 Unlf & ref g 6s '37 op s f-.M&N 96 / 1960 — 17 1978—-F&A 74 & M&N 1st 1 & coll tr 5s 1948 se A F&A Cent Dlst Telep 1st 5s '43..J&D 1024 95 Gen 16 Cons ref deb 44s 1958—M&N Conv deb 54s 1973 F&A Income deb 4s 1978 Income deb 3%s 1978 1044 77 5s 84 Term M&N Bell Telephone of Canada— 1st g 5s 1955 ser A M&S 1st g 5s 1957 ser B -J&D 1st mtge 5s 1960 ser O—M&N Bell Telep Oo of Pennsylvania— 1st & ref 5s 1948 ser B J&J 1st & ref 5s 1960 ser O A&O Belolt Water, Gas & Elec Oo— 1st g 5s 1937 M&S Bellows Falls Hydro-Elec Corp— mtvp 97% 82 „ 103 A&U 10-yrs f 64s 1934 Conv deb 4 4s *48 ex-warr.M&S Cons ref deb 5s 1968 Conv deb 5s 1950 99 1935-M&N 1st 96% Calumet G & E 54s B 1960-J&J Oalumet M&S 1953 Extl 1st 36 il953—J&j M&N Deb 6 4s 1935 1014 89 1940 J&D Beauharnols Power Corp— Coll trust 4 f 5s 1973 w w._ A&O 1st Annap & Chesapeake Bay Pow— 1st Calif Water Service 5n 1958. A&n 100 Bdge Oo— Rlv 1st lien & ref 5s Corp— A ser 7s Hud Beaver Valley Wat 6s Cnnv deb fis Am / Mt 99 65 Refunding 04s 1942 994 J&D 101 El 1st 5s '36 JV.J Bar Harbor & Union River Pow— 1st 5s Sept 1 1935 M&S Barstow (W S) deb 6s 1942.A&O / 41 Baton Rouge Electric Uo— 96 1st mtge 54s 1954 J&D 1st M 5a 1959 ser B F&A 934 Sear 101% 88 62 102 L—See Md El Ky Ohes—See Un Ry & El B Alt Traction—See Dn Ry & El Bangor Hydro Elec 5 4a *49. M&S 1st % F&A / 105 44s 1960 60" 100 4 98 1st & ref 6s 1942 ser B J&J 1st & ref 54" 1955 series O F&A Deb gold 54" 1942A&O 105% 104 Banuor Ry & / 8* Altoona & Logan Val Elec Ry— Con g 4 4s 1933 gu —F&A 15 / 1st coll 4s Jan 1 1954 Amor Commonwealths Power— 99% 1044 Ann S 1st lien & ref 5s 1955 Asfc. California-Oregon Power— Atlandc City El 5b 1938——M&S 1st & ref 5 4« 1954 1st & ref 5s 1956 A&O Atlantic City (N J) Gas— 1st g 6s Jan 1 1960 opt 20 J&J Atlantic Co Wat 6s '58—AM&S Augusta Ry & El 1st 5s Bid. Bonds. Ask B Sp Pt & AlbuquerqueNat Gas6 %s'40 M&N / 19 Alleg Believ & P—See Phila Oo Allegheny Gas Corn 0 4**43 M&N Certificates of deposit Allentown-Bethlehem Gas 1st s f 106 54s 1954 A&O Alliance Power 1st 6s 1952..M&S / 25 Deb 64s 1942 with war„A&0 Am Pow & L deb 6s 2016—-M&S Amer Stater Public Serv— Bid. Cla Ry & El Atlanta Wat, El & Pr 5s 1943 J&J 6l Albany Ry—See TTnlted Trac. American Bonds. Ask. 94 87 - Amer & Foreign Power Oo— Deb « 5s 2030 M&S Amer Fuel & Pow 7« 1934 J&J Amer G & K deb As 202« .M&N where marked "f" and income and defaulted bonds. possible for the closing day of the month preceding the date of issue. Atlanta Nor Ry—See Electric O® (Italy)— Ext) sf 7s 1952 A&O Alabama Power 1st 5s 1946 _M&8 1st & ref 5s 1951 J&J 1st & ref 5s 1950 M&N Deb g 6s 1952 ser A Deb g 54« 1953- "and interest" except are as near as Adriatic Alton & Sr L Hrldire 7s 1947 M<fe N Debenture 7s 1942 ...M&N Alton Water 6s 1956 A&O electric power, water, telegraph, telephone and bridge companies.) railways, eras, (Includes street and electric k Last sale, n Nominal, r Canadian price, s Sale price. ♦ Negotiability impaired by maturity. PUBLIC 80 BONDS UTILITY 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. I Bonds Bid. 1st M pipe line 5%s 1942.M&N Co— J&J Cities Service Power & Light— Deb 6 %s 1952 M&N 1st M 6s 1943 Equipt trust 5s Mar 1 1935 Cities Service Transportation— J&D 93 95 1st M 5s 1959 J&D Jumb'land T & T 5s 1937 —J&J 98 100 Eliz & Trenton RR ,107 107% Elmira Water, Light & 1st & con g 5s 1956 43% Dakota Central Telep Co— 1st gold 6s 1935 102 103% El Paso El Co— 64 43 '36..M&S 99% 44% 43% 100% 88 90 90 92 (Indianapolis)— J&J 1st & ref gold 5s 1942 Citizens L H & P (Johnst'n, Pa) 1st R 5s 1934 opt 1914 M&N 102% 5%s A 1951 J&J City Elec San Fran 5s 1937.-J&J City&Sub PS—See Un Rys of StL City & Sub Ry—See Wash Ky & El City of New Castle Water— 83% 105% J&D. 6s 1941 66 107% 70 1st 81 S F 6s 1937 opt series A _. .M&8 Des Moines Oity Ry 5s 1936 J&J 1st & coll trust 5s 1956 J&J J&J Stamped guaranteed optional.. Conn Ltg & Pow 5s *39 J& i Conn River Pow 5s A *52 A&O k ,9i^ 107 86% 99 1st 6%s 51% 52% 42 43 44 43 98 13% 112 82 26 27 109 110 109 110% 102% 108% 107% 103 1st 106% 103% 100% 106% 100% 104% J&D 51% 9 51% 43% Conv deb 6%s 1943 Aw w J&D fk Consol Hydro-Elec Wks of Upper 45 94 1953-P&A Cooper KlvBrl'ge 1 nclstbs'SSM&N" / Copenhagen Telephone Oo— Continental Telep 5s A 98% 86 90 81% 83" 104 .... 107 105% 51 105% 107% 105% 62 52 109 68 19% 20% Council Bluffs Gas 5s 1948-M&N 67 Cuban Telep conv 5s 1951 __J&J 1st lien & ref 7%s 1941—M&S 74% 68% 76% 76 80 Deb 68 Col tr 5s 1952 82% 78% 85 / 7% 80 J&J 85 f 25 100% 5s 1946. T&J 1st 100% ser A&O A&O B 19 m A&O 6s 1945 77 A.M&S 56 §I« B—J&D 78 103 5s secured conv notes 193 8J&J 106 1st M & ref 4%s 1901 89 99% (Germany* Elec Oo— f deb 7s 1935 M&N fk 79% Hamburg (Germany) Elev Under¬ 46 ground & St Rys 5 %s'38 ..J&D 31 Hamilton Gas 6%s A w w '37J&D 105 Harrisburg Gas 5s 1970-.--M&N Havana Elec Ry 5s 19S2 36% F&A 7% 5%s(Sept'31 coup on) '51.M&S 101 Havana Dock 7s 1937 J&J Extl g s f-lrti—1 O O Helena Gas & Elec 1st 09 93~" Hest Man & Fair Pass '52M&S Ry—See P Home Tel & Tel (Ft Wayne) 1st 6s ser'es A 1943 J&J 52% 53 49 53% 1st 5 %s series B 1955—..A&O 93 hil R T 102 101% Home Telep & Tel eg (Los Angeles. 42% 1st refunding 5s 1945J&J Home Tel & Tel of Spokane— 106% 1st M g 5s May 15 '36.M&N 15 Houston El Co 1st 6z '35—J&D 102% Oal) 8% 7% 102 Hamburg 40 100% 102% 105% f 79% 79% Hackensack Wat 4s *52 op '12J&J Gen&ref5sJunel5'77 A..J&D15 11* J&D A&O 83 105 Gulf States Utilities Oo— 86 Corp (Germany)— 1950 M&S 101 Power Gulf Public Service Co— 80 Rap Tr 1937 Mountain 1st M & ref 5s 1956 ser A&O ...A&O O A&O 47 Utilities Co— Gulf Power 1st 5s 1968 1st sink fund 6%s 1953...A&O Electric P & L Deb 5s2030_F&A Electric Public Service Oo— Sec g 6s 1941 ser A Sec g 6s 1941 ser B Sec g 5H|s 1942 ser Deb 6s 1936 92 103 M&N 1932-1944 Corp— F&A Greenwich Wat 4%s '57 ser A J&J Greenwich Wat & Gas System— Col tr 5s 1952 ser A A&O 18 90 93 1 J&J J&D k 1st mtge 5s 1948 102 Pow Oo— F&A Grt West Pow Oo 53 16 A&O f 6%s 60 88 1st lien coll tr 5%s 1942._M&N Great North Pow 5s 1935—-F&A 107% Electric Oo of N J 1st 5s 1947 M&S s 6s Great Lakes Edison Elec Ilium of Boston- 1st 79 79% Great West Power Co of Calif— Elec 5s Electric M 1st 64 54 M&S fk Elec & Peoples—See Phila Ry 1st & gen 6%s 1950 Power Ltd— 101 59 M&S Electric Ferries 1st 7s *41 104% 56% 104 s Great Lakes 99 J&J f 3-year 5% notes 1936 -..--A&O 1st 1st M 7s 1944 Ed El Ill(Bkn)See KingsOoEL&P Edison El 111 (N Y)—See N V G 91 • 54 84 1946--T&J M&N Easton & So Beth Transit 8s '36-. 100 fk 68 Grand Rapids Gas L 5s *39- F&A Grand Rapids Ry 1st 7s '39 M&N Great Cons Elec Pow (Japan)— Green 2-year notes 5s 1934—.--J&J 5s 1935 M&N f 5s Feb 15 1954.F&A15 Exti 52 Wisconsin Electric Co— & ref 6s 1942 J&D 1st lien & ref 6%s 1948--M&S 85 Northern Atlanta 77 Easton Cons El 5s 1949 83 Power 1st guar 5s *54 op *90 Gesfurel 6s 1953 x w Eastern 87 93% 44% Atlanta Cons St 5s 1939—J&J 2 1st M & 1st lien 5s 1955 B M&S Eastern Util Assoc 5s 1935.-A&O k Sheboygan 82 J&JI Georgia Ry & Elec— 50 1st lien 91 Public Service^Oorp— 1953 J&Jl f 5s 1952 J&J Georgia Power 1st 5z 1967--M&S Georgia Power & Light Oo 1st mtge 5s 1978 J&D k Eastern Shore Pub Service Oo— A with warr '54 70 45 Aug 15 '34-.F&A15 notes Aug 15 ^..F&AlSj Georgia-Carolina Eastern Michigan Rys— ser I General Water Wks & ElecOorp—. 1st lien & col 5s 1943 ser A. J&Dj "5"" 58 5s Elec Corp- 1st M coll tr 6%s ser A '56 A&O Conv ser 6%% notes 1933.J&D 56 5%s 1947 ser A 90% A&O Conv deb 5%s 1939 General Public Utilities— Eastern Utilities Investing— Cons Gas—See Peoples G L &C Uonsum L H & P (Jo (Eliz, N J)— 1st lien & unlf 4%s 1958.M&N Oontin Gas & El deb 5s 1958 P&A 97% 89 J&J 1st mtge coll tr 7s 1958 90 J&D 15| notes 5% 40 C-.M&S15 m 107 Conv deb 5s /39P 5s 1948 B 1st 5% 53% 109% J&J, Georgetown Gas Lt 1st 5s '61 F&A' 51 UndHi-lyingcos—SeeN YGEL H & P. Consol Gas Utilities Co— J&D VtmX* -J&J f 1944.-M&N Ref 6s Jan 1948 ser J&J A 94% General 78 J&J m zer 20 5% Ry. 103 75 J&J 1945-M&Slf 60 78 Eastern Mass Street Ry Co— Ref m4%s 1948 A Ref 99 J&J A&O / Debenture gold 6s 1941 Deb 6s 1941 series B 66% %* f 5s 1948 series A.A&O m s 3.60 99 Ry— 5s 1954 opt General Gas & Kootenay Pow 1st 7s '42-A&O East Prussia Pow 6s 1953—J&D E St L & lnterurb Wat 5s '42 J&J 1st m 6s 1942 J&J 1st m 5s 1960 ser D F&A East St Louis (111) Lt & Pow— 1st 5s 1940.J&D E Minn Power 5%« 1951 M&S E Oregon Lt & Pr 5%s A '51-M&S 5s series B 1953-, J&J 103 109% 108% 103% g 72 Gatineau Pow 1st 5s 1956—J&D 99% Eastern Connecticut Pow Go— P&A J&D 1st & ref 5s 1936 op *16 J&J 1st 1 & unif 5s ser O 1952. .M&N 66% E. F&A 5s 1938 Consumers Power Co— J&J / 7% 1932 ctfs of dep.. 103 74 Gas & El of Bergen Co 5s '49. J&D Gen 5s Nov 1 1954 -—-M&N| Utilities— 103 f 9 lzt lien col 5s 1934 15 99% 1st coll 5%s ctfs 1937 A...F&A Conv deb 6s ctfs 1933 A.M&N East Jersey St Ry 5s 41 Gary Elec & Gas Go— 40 6% secured notes 1937 1st M 6s 1958 M&N Consumers El L & P (New Orl)— 1st M 5s 1936 J&J 1st M 38 111 42 A&O Galesb Ry & L 5s 1934 Elec East Coast Pub Serv 4s 1948- 100% 104% F&A Gateway Bridge 7s 1938.._.A&O. f 6s 1966 ser A..M&N Coast 70% 71% 61% Oo— Service Galveston-Houston 92 Consol Gas of Bait 6s 1939._J&.) Consolidated Water of Utica— 1st 4%s 1958 M&N 103% 107 89 24 Wuerttembu/g 1st 7s *56--J&J Con Ry (New Hav)—See "R.R." Consolidated Telep of W isc— ! 1st M 5^s 1942 ser A M&N Cons Tr (N J)—See Pub Ser Corp 5 J&J f 6%% notes 1935 M&S15 Duquesne Light—See Phila Co Duquesne Nat Gas 7s 1948— E»sr Public 1st M 0%s 1949-1st 6s 1955 series B 5 4 F&A *fk 1% *fk 1 % 6%s 1937 to 1949Duquesne Gas Corp— 112" J&J J&J A._ B b Equip trust 5%s 1934-38 Gales burg Ky Ltg & Power— Con 5s Oct 1934J&D 1st 7s 1943 Duquesne Trac—See Phila Co 108 ser ser Fruit Growers' Express— Durham Pub Ser 7s A '49—A&O 111 5%s 1979 5%s 1956 108 111 59% 24% A 98% 87% 117% 106% 108% m Florida Pow & Lt 1st 5s *54 —J&J 107 1937 A with war.M&S 1st conv 6s Mar 15 m 39% 107% 57 f 6%s 1948A&O rd Ave Dry Dock E B & B RR—See Thl 102 Duke Power—1st 4%s 1967-J&D Duke Price Power Co— 8 M&S 107 Dumbarton B'ge 6%s to *36- J&J 23 ser 1st 1st 1 39 Inc— Florida Telep 1st 6s 1945 A&o Fontana Un Wat 6s 1953...J&J s 1st m 23% 1st & coll 6s 1943 12% Dominion Gas & Elec— 99 58 Debenture 5s 1957 14 Huron Shore Line— Pt 2 106% 107% 103% 106% A.A&O 1st gold 5s 1950 Utilities 1st Hen col tr 5%s 1957 Florida Power Corp— Dixie Gulf Gas Co— 20-yr F&A Deb 5HIs 1945. 20-yr deb 4%s 1951 98 87% 1955 ser B—J&D 6%s 1945 with warrants 4-6s series B 1962 1st & ref s f 4 %s 1969 ser G M&8 1st & ref s f 4 His 1970 ser H J& J 1st & ref 4s 1981 J&D Consolidated Gas (N Y)— Det & 102 25 J&J gold notes 1932 Federated ; 7s 1952 tr J&D Corp— Conv deb 5%s 1954 M&N k s f 6%s 1952— ...F&A fk fk Certificates of deposit S f deb 66 Corp— 1947 6s Florida Certificates of deposit 100% % J&J A&O 58 1950 series B 1st m 106% 1 Federal Water Service International Bridge— Detroit 78 6% % O..F&A Gen &ref 4%s 1961 ser D.F&A Gen & ref 5s ser E 1952. -A&O 96 101% 27% 104 11* Gen & ref 5s 1962 ser 95 Consol Elec & Gas 4-6s 1962 __A&0 26% M&N f 6s 1953 Gen & ref 5s 78 78 1st 102% M&S 5s 1956 Gen & ref 5s 1949 series 104 Consolidated Cities LP & Tr— W Hph 5S 1962 stamped ..J&J Gen g 4%s Apr 1954 82 103 M&N Detroit Edison— 105 s 83 108 Fed St & Pleas Val—See Phil Oo Detroit City Gas Co— ' 1st m 6s 1947 series A 102 Connelisv Wat 5s Oct 2 *39.-A&O Consol Gas Elec Lt & P (Bait)— Gen g 4%s Feb 14 1935. ..J&J / Certificates of deposit...— f deb 6%s iv»4g __M&N Certificates of deposit m 93 Light & Traction— f g 5s 1942 opt.. M&S Federal Public Serv Conv 1st 91 1 st lieu g tts 1942 stpd M&S Debenture 6s 1954 ser B..J&D Detroit & Canada Tunnel— s 5 100% (of Canada) w F&A (International series) 95 m Elec Corp Stamped 1st lien 5s 1946— F&A Des Moines & Cent la Elec Co— 1st 106 Deb 6%s 1965 w Without warrants 90 m % 80% Fairmont & Clarksburg Trac—. 1st g 5s 1938 opt 1913 A&O Fall River Elec Lt 5s 1945 —J&J 80 70 58 M&S Conn Ry & Lt 4%s 1951 55" 100% 102 Dortmund Munlc Util (Germany, P&A Community Power & Light Co A&o Europ'n 70 108 1st mtge 5s 1957 ser O Connecticut Power 5s *63 103% 85 1st 84 Equit G & E Utica 5s 1942-A&0 Erie Rys—1st 6s 1954 A&O Erie Ltg 1«t m 5s 1967....A&O 104% Des Moines Elec Oo— 3 Elec and Empire Ercole Marelli Elec Mfg Co (Italy) 1st • f 6 %> 1953 with war M&N 87 A&O 85% 69 86 Coke jt lst&ref 5s '41 opt.M&S Empire Public Service Corp— Deb 6s 1950 w w J&J Federal 1st m 5s. 1938 Des Moines Gas Oo— .J&D 1952- Empire Gas & Derby Gas & Elec Corp— 102 A ser 106 105% 34 6% notes Oct 1 1943 M&S k 1952 5s ra 101 Denver Tramway Terminals Go 1st M g gu 5s 1934-1937..M&S Commonw Sub Corp—See Mlsc Community Water Service Co Deb g 68 1946 ser A J&D Deb g 5 %s 1946 ser B M&S Oonestoga Termlst 5%s '54-J&0 Conestoga Trac 1st 4s 1950--J&J Conn Light & Power— 1st & ref s f 7s *51 ser A M&N 1st & ref 5%s 1954 ser B__F&A 1st & ref 4%s 1956 ser C-.J&J 1st & ref 5s ser D 1962 J&J 1st & ref Gen & ref 6s 103 J& I 60 J&D Empire Gas & Electric Co— 104% 99% A ser 87% 85 69 30 Gen & ref 5s 1950 86% 85% 84% J&J 15 1957 49% 102 — 102% 6%s stamped 1953. A&O V 1 Columbia (S C) Ry Gas & El Co 65 1st M s f g 5s 1936 J&J Columbus Dela & Marlon Elec Co 65 1st & ref 5s July 1937 J&J 63 Certificates of deposit.... 68 1st & ref 6s (stmpd) 1937--J&J 66 Certificates of deposit.... Columbus (Ga) Elec & Powerlst & ref 6s 1947 ser A J&D 95 1st & i'ef 5s 1954 ser B M&N 103 Columbus (Ga) Pow 5s '36--A&O Columbus Ry Pow & Light— 94% 1st ref 4%s 1957 ser A J&J Sec conv g 5%s 1942 105% A&O 95 Col Ry 1st 4s '39 opt '14 Q-J Commonwealth-Edison Co— 106 1st M 5s 1953 J&J 1st M col 5s 1954 ser B...J&D k 106% 1st M col4%s 1956 aer C._A&O 101% 101 1st M col 4%s 1957 ser D..J&J 1st M col 4Ha 1960 ser E A&< 100% 91 1st M 4s 1981 ser F M&S 106 1st 5%z series G 1962 J&D 5s 85% Stamped as to Pa tax Denver Tramway Corp— 80 A ser Empire District Elec Oo— II J&J J&J J&J 1971-.- 82 J&D 5s 1950 m Deb 6%s 1938 103 50 Denver Cons Tram 6s 1943-A&O Denv Gas & El 1st g 5a '49.-M&N k 104% 100 lst&ref 5s 1951 M&N Columbia River Long view Bridge Com'w'lth Tel (Pa) 6%s '45 M&N Com'w'lth Tel (Wis) 5s A '48 M&S Commonwealth Wat 6%s A 1947 1st M 5s 1956 ser B P&A M 4%s Corp. RR— El Paso Nat Gas 1st 6%s'43-J&D With warrants 104% D-inville Tr & Pow 1st 5s '41. J&J 1st mtge g 4 %s 1969 1st mtge g4%s 1969 | M&S 1st 108 J&J 1st g 5s 1952 ser C J&J 1st gold 5%s 1954 ser D ..J&J Dallas Ry & Ter 1st 6s 1951-J&J 100 % M&N A&015 Commonwealth Elec 5s 1943 M&S J&D 101 A&O J&J k 109% laiias Pow & Lt 6* 1949 1st g 7%s 1949 ser B 1st 101 1956 Delaware Elec Power Co— Deb 5%s 1959 J&J Delaware Power & Light Co— Columbia Gas & Elec Corp— Deb g 5s 1952 Deb g 5s 1952 Deb 6s Jan 15 1961 4%s Dallas Gas 1st 6s 1941 100 City Water (Chattanooga)— 100 J&D 1st M 5s 1954 100 1st M 5s 1957 series O-.-M&N 107% Olev El 111 1st 5s '39 op '24.A&0 Gen M 5s 1954 series A M&N k 109 % Gen M 5s 1961 series B—A&O k 110 104 Clove Ry 1st s f 6s 1943—..M&S Oleve Southw Ry & Light— 1 Gen &con 5s 1954 M&S 99 Clinton (La) W W 1st 5s 1939F&A Coast Cos Gas & Elec— 1st M 5s I960. M&N Colorado Cent Pow 5%s '46-J&D Colorado Power 1st 5s 63--M&N 1st Darby Med & Ohes Ry—See PhiL R Tr 99% Davenport Water 5s 1961.-J&J 105 Dayton Ltg 1st 5s "37 op '12.M&8 105 Dayton Pow & L 1st 5s '41 -J&D Day Sp & Urb—See Ind Col & E 100 Citizens Tel (Gr Rap) 5s '36.J&D Citizens Water (Washington, Pa) Col M Bonds. Eliz Plainf & Cent J f See Eliz & Raritan Riv^ Public Serv 78 63% J&D Deb 5%s 1949 Cities Service Tank Line— 1st M 6s marine eq Ask. C jmberland Co (Me) Pow & Lt— Cities Service Gas Pipe Line Citizens Gas Bid. Bonds. ASk. Cities Service Gas Co— 8% 8% Houston % 50 Gulf Gas— 1st M & col 6s 1943 ser A..A&0 Deb 6%s 1943 with war__A&0 75% 59 Electric Public Utilities Oo— 15-v«ar b Basis. / This price includes accrued interest, sec 6s 1942 k Last sale, n . _ _.__J&D Nominal, CO r Canadian price, s Sale price. Negotiability impaired by maturity. prices are "and Interest" except where marked Quotations for all securities are as near as possible for the closing day of NOTICE.—All bond Bonds. 103*$ 1st lien & ref 4 *$s '78 ser D M &N 1st lien & ref 4*$s 1981 ser E. Houston Natural Gas Corp - 100 43 with warr_J&L 72 1st m coll 6s 104*$ 100 77 109*$ 101 M&b 97 112 99" 95 Hydraulic Power of Niag Falls— 1st & refunding5s 1950 110 J&J Ref & impt 5s 1951 -A&O 107*$ Idaho Power 1st 5s 1947 J&J k 103 111 Bell Telep 1st 5s 1956---J&D 108 *$ Illinois Commercial Telep— 1st 5s series A 1948 70 *$ M&S 1st mtge 5s 1960 ser B M&fc W* 111 Commun Tel 6s 1949 -J&J 50 109 1st & ref 5s 1957 opt. A&O Illinois Power & Light Oorp— 101 108*$ 72 72 1015$ 58*$ Independence Water Works— 5*$s 1945. M&S Indiana Assoc Telep 6s A '62 J&J M 5s 1948 J&J Indiana flydro-Elec Power— 1st mtge'5s 1958 ser A M&N 85" 12 15 Indiana Pr 1st 1 7 *$• *41 A -M&N Indiana Ry & Lt 1st 5s '43--J&J Indiana Service Corp— 95 87 lit & ref M 5s Jan 1 1950--J&J iV 1st 1 & ref 5s 1963 F&A Indiana & 8 W Gas & Util— 45 •!&•' Inland Gas 6 Ha 1938 F&A Certificates of deposit Sinking fund deb 7» 1938-F&A Inland Pow & L Coll tr s Col tr 6s 1957 Deb s s A&O 7 5 7 A&O C f 7s 1935 Inland Telep 1st 6s 1948 Inland Utilities Inc-rConv deb 6s 1934 Interborough 5 J&L ser 64 65 J&D f Rapid 36 Transit— 1st & ref g 5s '66 op tax-ex. J&J 0% notes 1932 A&O 68*$ 32*$ * Certificates of deposit- 32 Conv g 7% note 1932 -M&8 Certificates of deposit Intercontinents Power Co— Debs A 6s 1948 J&D 70 " 72 77 74 ... bonds 1955 serC-l&D ser E F&A < Sec 7s 1952 ser F J&J it International Railway (Buffalo-»ec Sec 7s 1957 Buff Trac 1st 6s Kokomo Lackawanna & 1st 60*$ 65*$ 64*$ 61*$ Conv deb 4*$s 1939 J&J Without warrants 1st 5s '67 Deb gold 6s 1952 Interstate Pub Serv Co— J&J J&J W 995$ 41 57*$ 65*$ 64*$ 60 100 42 59 65*$ 65*$ 22 35 Debentures 6s 1948 LaclPde Oas Lt ref 5s 1934..A&O F&A 1935 55 555$ 42*$ Eq trust 5*$s July 1 1934 Interstate Teiep Co— 1st M 5s 1961 A&O Interstate Tel & Tel 5*$z 1953 J&J 99*$ 70 71 Interstate Water 6s ser A1940 F&A Iowa Electric Co-— 96 100 5 79 62*$ 102*$ 1945—M&N 1st & ref 6s 1943 b Basis. 5*$s 1952 ser 23*$ 97*$ —— Market St s f 7s 1941 Manuf'rs Wat 82*$ 84*$ 94 53 55 67 1st 62 60 61 ' 57 100*$ 101*$ (Pa) 5s 1939.J&D 98 62 102 s lOO" Ry (San Francisco)— f 7s 1940 62 63 85 87 77 87 A Jan ser Maryland Electric Rys— Guaranteed 6s 1933 63*$ A&O 1st & ref 6*$s 1957 ser A J&J 1st & ref 6*$s 1962 ser B-.J&J Bait & Ann S L 5s 1946—F&A Maryland Light & 1st M 5*$s 1950 n« ff v 90 114*$ ser J&J 80 J&J A 20-year 67*$ 70*$ s f 5*$a 1946 99*$ Sink fund deb 5s 1955 M&N Mass Utilities Associates— S f deb 5s 1949 ser A A&O Melbourne Electric Supply— Gen 7*$s B f 1946 5 85 100 94*$ 93 94 102*$ Memphis Power & Light Co— 145" 1st & ref 5s 1948 ser A J 1st & ref 4*$s 1978 ser C„A&O 89 107*$ 117*$ 22 25 1H 3 */90*$ 92 86*$ 60*$ 89 61*$ 61*$ 67*$ 85 24 27 91*$ Metropolitan Edison Cc*— 1st M 4s 1971 ser E 1st 5s series F 1962 95 90 81 con g 5a '45-J&J / Meridionals Electric Co— 1st s f 7s 1957 ser A A&O 88 59 10 94 —J&D 1st & ref 5s 1953 ser O 1st M 4J$s 1968 ser D 85 10 Power— Memphis 8t Ry 105*$ 106*$ 20 Massachusetts Gas— 62 136*$ 105*$ k 50"" 61 J&D J&J M&S 97*$ 88 M&N k WA Metrop Edison Corp 6s 1961 M&S Metropolitan West Side "L"— 1st gold 4s 1938 F&A */10 Exten gold 4s 1938 J&J / 10 Mexican El L 1st M g 5s '42.J&J 43 Mex Lt & Pow 1st 6s '40 s f.F&A 46 85" Mexican Utilities 7s 95 98 89*$ 83*$ M&N 91 95" 60 UH Michigan Associated Telep Co— & Elec. Roland Elev—See Un Rys Lake Sh Elec 1st con g 6s '33 J«J / 3 Gen gold 5s Feb 1 1933—F&A / 1 «»*•••■» Lake Shore Power Co— J&J 1st and ref mtge 6s 1950 Lake Superior Dist Pow— 1st M & ref 5s 1956 Larutan Gas 1st 6*$s w w 57 60 J&D 92 93*$ '35J&D k 100 (Mass) Lias & Elec— 4*$s 1940 ser B F&A Lehigh Power Securities— Lawrence F&A Lehigh Teleg 5s ser A 1949--J&J Lenigh Valley Transit— opt—M&S J&D 5s 1960——J&D 5s series B Dec 1 1935 M&S Ref & impt g Leipzig Overland Pow 6*$s *46— / 101 82*$ 56 * — mm 33*$ 1st and ref mtge 68 71*$ 58 69 Lone Star Gas 60 62 Long Beach Gas 1st 5s '56--J&D Long Isl Lighting os 1936-.M&S 91 92*$ 97*$ 1st extl 7s ref 1952 s M&N k F&A 62 64 J&J M&N 60 615$ Long Island Water 5*$s '55-M&N 60 Lorain — mm mm mm k Last sale, n os 1958 Nominal, J&D r Canadian 1st & ref 6s 1961 ser B. J&D 1st M 5s 1971 —J&J Milwaukee Gas Light Co— 1st M 4Ha 1967 -M&S J&J Light Co— J&D 1st & ref 4*$ a 1978 M&N Mississippi Power Co— 1st & ref 5s 1955 M&8 1st M 5s 1957 85, Teiep 1st 2 16*$ 18*$ 76*$ 80*$ Mississippi River lst s J&D Fuel f 6s 1944 with 83 104*$ 85 86 102*$ 57 58*$ 82 84 74 76 52 54 F&A15 Without warrants s Sale price. 66 67 97*$ 96*$ 98*$ Corp- warr Mississippi Rlv Pow 6s "51_ .J&J Deb 5s May 1 1947 -M&N rice 0000 COIN 104 Mississippi Power & Light— 100 78*$ 58 103 60 Minnesota Power & 55 1948 1st & ref 5s 1955 J&J 1st & ref 5s 1955 103*$ 6s 100 Somerset Trac— 1950 lst M 4*$s 1950 95" 104 J&J ser B„_M&S 99*$ Secured g 6s 1945 J&J k 89 Codv deb g 54$s '52 ser A. A&G 74 1st 69 Minn Gen El 1st 6s '34 op—J&D Minnesota Nor Pr jt 6s 1944 95 J&D f 5s 1942 7*$ 7*$ Minneapolis Ga* Light Oo-r- 102 Utaly)— 89*$ 7 Sharps—See Phil Co Milwaukee Elec Ry & Light— 84 ip 72 fk fk fk fk J&J / Midland Util deb 6s 1938---M&S 84 55 72*$ Mlllv Etna & 99 100*$ 103*$ Midland Natural Gas Co— Conv deb 6s 1935 91 66 ... 85 74*$ 107 106 5s 72 57 39 73 5*$s 1942. J&J Middlesex & 78 88 83 106 Middlesex Elec Lt Pow 5s '55 J&J Middlesex Water 5*$s 1957.A&0 70 76 F&A Elec Co Michigan Gas & Elec Go— 1st & ref 6s 1943 ..M&8 1st M 5s 1956 J&D Michigan Light 1st 5s 1946-M&S Michigan Nor Pow 1st 5s '41-J&J Michigan Public Service Co— 1st g 5s 1947 ser A A&O 5s ctfs of deposit 1934.. 5s ctfs of deposit 1935 Middlesex & Boston St Ry— Lockport L H & P 5*$s A '54M&N Lomoard 90 30 68 103*$ 1950. 88 5s ctfs of deposit 1932— 5s ctfs of deposit 1933—.. 102" Ixickhart Power 5V$s 79 J&D J&D / Mich Elec Pow 6s A 1944 Mich Fuel & Lt 6s A 1950 77 Middle States Telep 6s A '47.J&J Middle West Utilities Co— 83 Lex (Ky) Ry—See Ky Tr & Term M&S F&A A&O 105 32*$ 68*$ 66 33*$ 1939 1st M 5s 1961 Lake 85 96 VV Market St El Pass Ry—See PRT 78*$ 101*$ 93*$ 101*$ 33"" Maritime Tel & Tel 1st 6s 1941 J&J Ref & gen 5s ser A 1956 J&J 1st M 4*$s 1961 ser A J&D Little Rock G & F 6s 1937-M&N Little Rock Ry & El 6s '38--A&G /This price includes accrued Interest, f 22 100*$ Iowa Southern Utilities— 1st & ref 5*$s 1950— Deb 6s 1950 ser A... s 15-year Lincoln Gas & Elec 5s 1941 .J&D Lincoln Tel & Tel— 84*$ 92 1st & ref 5*$s Oct 1st M 15 100*$ 87*$ 46*$ J&J B..J&J Mannheim & Palatinate Elec Cos 64*$ 84 1959... M&8 Debenture 6s 1960 M&N Iowa Ry & Lt (Cedar Rapids)— 1st & ref 5s June 1946 B__. J&D 30 83 104 106 10 Manila Elec RR & Ltg Corp— 1st lien & coll tr 5s '53—M&8 Manila Gas Co— 1st lien coll tr 5*$s 1937—A&O 61 96*$ 106 104 Manitoba Power Co Ltd— 1st M s f 5*$s '51 ser A 2 ' Lexington Util 1st os 1952 Lexington Wat ref 5*$s 1940-F&S Lexington Wa Pow Co ist 5s'68J&J / Conv deb 5^s 1953. J&J / Lewist & Aub El Lt 5s '39--J&D 68 B„M&S 1st mtge 5*$s 10 98 101*$ 104 J&D 83 Lexington (Ky) Tel— 1st M 6s w w 1944 73*$ Iowa Pow & Lt 1st 4**s 1958 M&S Iowa Pub Serv 1st 6s 1957—J&D DeD 5s 1968 M&S ser 101*$ 90 100*$ Madison Rys 1st g 5s 1936--M&N Mad Riv Pr 1st 5s '35 gu op_F&A Malone (N Y) L & P 5*$s *56-J&J Manhattan Ry con 4s g '90. .A&O Cent Hanover Bk ctfs of dep. 2d gold 4s 2013 107 „ 1st 1 & ref 5s 1961 106 107 J&J Telep 5*$s 1948 1st M g 4s Dec 1935 Cons gold 4s 1935 52" iowa-JNebraska Lt & Power— 1st lien & ref 5s '57 ser A.M&N __M&S 59 76*$ 65*$ 68*$ F&A / F&A f Deb g 6s 2026 ser A 57*$ 51*$ C '42-F&A 95 88 1st M 76 ser 100 59 J&D 5s I960 51$% gold notes 72 Iowa El Lt & Pr 7s 96*$ 80 105 Debenture 7s 1944 J&J Macon Ry & Light 1st 5s '53-J&J Madison Co (111) Light & Power 1st g 6s 1936 J&D Madison G & El 1st 5s 1940-A&O Gen & ref 5s 1950 M&N Lake Erie Pow & Lt 6s 1946 A&G 1st & ref 6*$s 1949 ser B—J&J 1st & ref 5s 1956 ser D J&D 1st & ref 4*$s '68 ser F M&S Interstate Rvs 4s 1943.. ..F&A 1st mtge 6s 1934 J&J 1st lien & ref 6s ser A 1949 M&N 1st lien & ref 5s ser B 1950.J&D 93 88 Wyoming Val RR 1951 5s La Crosse 104*$ Interstate Power 99*$ 92 1st M colltr o*us oo ser C F&A 1st col&ref5*$s I960 ser D F&A 65 Deb os 1955 -F&A Interstate Bridge 6*$s 1950-M&N Interstate Gas & El 6s 1951—J&D Interstate Nac Gas 6s 1936— 101 98*$ Certificates of deposit 89*$ 94 *$ 92 *$ Buff & Lock 1st g 5s 1938--J&J Buffalo & Niag Falls Elec Ry— — W a 1st & ref 6s 1954 108?$ 33*$ 100 J&D J&D M&N Key Tel 1st g 5s '35 opt '08. .J&J 1st 1 & ref 5*$s 195o ser A.J&D 1st 1 & ref 6s 1951 ser B A&O Kings Co E L & P 1st 5s '37-A&0 Purch money 6s g 1997 A&O Edison El 111 Bklyn 4s '39.J&J Kings Co Elec—See Bklyn-Queens Kings Co Gas & 111 ist os '40. A&O Kings Co Ltg 1st ref 5s '54. .J&J 1st ref 6^8 1954... —J&J Knoxville Trac 1st 5s 1938 A&O 6 57 1st M 5s gold 1935. —-J&J Internat Ry ref 5s '62 op.M&N International Telep & Teleg— Deb g 4*$s 1952 J&J 59*$ 105"" 32*$ Keystone Pub Serv— 1st M 5s 1978 6 J&D 1948 85 58 f 7s 1948 M&fr Luzerne Co (Pa) Gas & Elec— 1st ref&imp g 5s'48 op'13 A&O 1st M 108*$ — 4 International Power Sec Corn¬ er 83 Electric86 gold 6s 2022 ser A„M&S 96*$ 1st mtge 4*$s 1980 J&D 78 Kansas Pow 1st 5s 1947 M&S Kansas Power & Light Co— 99 1st M 6s 1955 ser A M&N 94 1st M os 1957 ser B M&N 100*$ 1st & ref. 6s 1947 ser O—F&A 16*$ Kentucky El Pr 6s A 1951--J&J f Kentucky Jbuel Gas Corp— 5 1st 6*$s 1942 with warr—J&D f Conv deb w w 6*$s 1938-. J&D f 28" Kentuckv-Ohio Gas 2s 1958 1st s f'6*$s 1943 ser A J&D / 28*$ 4 Hydro-Elec System Conv deb 6s 1944 w w. .A&O Internat'l Pow Ltd 0*$s1957 M&S Deb 6s 1957— M&S 1st a f g 6*$s 1944— F&A Luneburg Pow L & W W (Germ'y) Kansas Gas & f 98*$ 102*$ 105 unstmpd—A&O 10 106 Kan City Pub Serv 3-6s 51—J&J Kansas Elec Pow 6s 1937 — J&D f Conv deb 6s 1948 International 685$ 34*$ 105 80 61 7 104*$ 98*$ 101*$ A&O A 5 95 Kewanee(Ill)Pub Serv 6s A '49 J&J Key West Electric 5s 1956--F &A 5 7 ser 56" 1 103 5 f 6s 1937 s 37 M&N 5 „M&N Deb 54 Keokuk 2 f 6s *36 A M&S f 6s 1941 ser B 101*$ 93*$ 103 1942--————F&A City Power & Light— 1st mtge 4*$s 1957 ser B-.J&J 1st M 4^s 1961. -F&A Elec 6s 1945 90 95 31*$ 32 101 89*$ 93 Louisville Gas & Elec Co (Ky)— 1st & ref 5s 1952 ser A—M&N 1st & ref 4*$s 1961 ser O.F&A Louisville Ry 2d 4*$s 1940--M&S Keoke? Consol Coke 5s 1959.J&J 98 Indianapolis W W Sec Co— 1958 3 Gen M 5s 1950 F&A Lower Austrian Hydro-Elec— 28 M<scfc 22*$ 60 77 92*$ 32 103*$ 103*$ 98 *$ 58 72 Los Angeles Ky 6s 1938 91* 75 55 945$ A&O Louisiana Pow & Light Co— 1st mtge 5a 1957 J&D Louisiana Stm Gener 6s 1939 M&N Louisv Ltg 5s *53 70 94*$ 101 1st lien & ref 5*$« 1954—M&S 1st lien & ref 5s 1960 J&D 5s 100 65 28 1st M 5s 1957 ser A J&J Indianapolis Water— 1st & ref. g 4 *$■ 1940 opt—J&J 1st lien & ref 5 V$s 1953 __M&P Secured 6s 105*$ Los Ang & Pac RR—See Pac EIRy Los Angeles Railway Corp— 1st & ref s f g 5s 1940 J&D 105 Kentucky Power & Light Co— 1st m 5*$s 1948 ser B M&S Kentucky Traction & Terminal— 1st & ref gu 5s '51 opt '14.F&A Lexington Ry 1st 5s 1949. J&D Kentucky Utilities Co— 1st M 6*$s Sept '48 ser D M&N k 1st M 5*$s 1955ser F A&O k 1st M 5s 1961 series G F&A 5s series H 1961 F&A k 1st M 5s 1969 ser I J&J 1st 78 series J 1957 F&A 1st 6s series K 1957 .M&S J&D *f 2 Indianapolis Gas 5s 1952 A&O k 85*$ Indianapolis Power & Light— 1940 1st lien & ref 5s 1970 96 Deb 103 conv notes M 1st M 5s 1951 625$ 65 k 105 *$ 93 6% M5s 46^&J / 1st 5a '46--F&A 1st M 6s 1943 105*$ Indiana & Mich El 5s 1957—F&A 1st & ref 5s 1955 M&S Ind Nat Gas & O—See Peo G L&C 16" 14 18 Gen & ref 5*$a 1949 ser I. A&O k Los Ansr Pac On—Spp Pac F-IRv 70 1936--—-F&A — — . \ ?V IV & ref 6s 1942 ser G M&S k 108 Gen & ref 6s series H 1942 M&S k 108 45 Kansas 82 Telep Co— M&N / B—F&A ref 5s & Kansas City Gas 1st 83*$ 1st lien coll 5*$ 1938 Indiana Electric Corp— 1st M 6*$s 1953 series 1st Kanawha ValTr 1st 89 109*$ Gen 62*$ Co— Kanawha Trac & Elec Ask. opt—-M&S k 106*$ M&S k 101 *$ 108 k 106 Gen & ref 5*$s 1943 ser F M&S k 105*$ 41 93*$ J&D 1st M 4*$s 1961 ser O Jer City Hob & Pat—See 685$ 87 39 21*$ 1st sink fund 6*$s 1958—.J&J / Deb g 7s 1943 V —J&D 82" Jamest'n (NYlTelep 5s 1954-J&D Jersey Central Pow & Lt Corp— 100*$ 1st & ref 5s 1947 ser B-..F&A 68 1st M 5s 1951 series O—M&fc Indiana Gas Utilities 5s 1946 J&J Indiana General Service — Gen & ref 6s 1942 ser D..M&S Gen & ref 5*$s 1947 ser E J&I> 104 Supply Co— gold 5*$s series A 1955-J&J lames River Bridge Corp— 76*$ 70*$ 1st M 6s 1947 series A—M&N 1st & ref g 5s 1939 1st & gen 5a 1961 87 Jamaica Water M&& 8 f deb 5*$s 1957 1st • J&D B—J&D Illinois Water Service Co— 1st, mtge 5s 1952 series A.-J&J Central f 5V$s 1953 ser A. .M&S Italian Superpower Oorp— Deb 6s '63 (without warr) J&J k lacksonv (Fla) Gas ■ f 5» 42-J&D Debenture 6s ser A 1952-M&N / lacksonville Trac 1st 5s 31 .M&S / Jamaica Pub Serv 5s B 1950-J&J 25-yr Bid. Bonds. Angeles Gas & Elec Corp— 99 k PS Corp Johnstown (Pa) Trac 5s 43--J&J f 77 70*$ Joplin W W 1st 5s 1957 M&S 1st & ref 6s 1953 series A—A&O 1st & ref 5*$s 1954 ser 1st & ref 5s 1956 ser O Ask los 1st Illinois Northern Utilities Co— Indiana Bid, Ry & Light 1st a f >q fit '36 opt after '15.F&A Isarco Hydro-Elec Co (Italy—— 1st M s f 7s 1962 -M&N Island Gas & Electric— Hunt'g'n Wat 1st M 6s '54 AM&fc 5s 1954 ser B 5s1962 "f" and income and defaulted bonds. the month preceding the date of issue. ronwood & Bessemer 101 99*$ Hudson Co Gas 5s g 1949—M&N 1st M Bonds. Ask. Bid. loo"" Hous Home Telep 5s 1935—M&S Houston Lt & Pow 1st 5s '53 M&fc 81 UTILITY BONDS PUBLIC JUNE, 1931] 105 97 106 94*$ ♦ Negotiability inlpaired by maturity. BONDS UTILITY PUBLIC 82 "and interest" except where marked "f" and income and defaulted bonds. Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue. NOTICE.—All bond Bid. Bonds. are Ask. 60 45 47 91 93 84 87 Deb e 5s 1954 op guar_.J<$ J N Y Power & Light Corp— 1st mtge 4*s 1967 A& ) 55 56* 4" Y & Queens Gas 1st 5s *34 F& i 4ew York Rys Corp— / 73 Bway & 7th Av 29 31 27 32 J&D 86 88 105* 107* 86 m 98 */ 28* N Y 105* 1951 \ ,M&] State El & Gas Corp— 48 r York State 108* 109* 109 no 46* 46* 99* 107 76 v & 99 1939 95 6*h J&J k 1953 ( 79 57* 1963 Deb 5s Nov 15 '69 ser O M&_..„ North Amer Light & Power Co— S f deb 5*s 1956 ser S 99* 81 104* 105 103 105 96* 98* 86 88 North Continent Utilities 1st ---. coll & ref 5*s 1948 99* 100 1 J* 3 k 78 32* North Jer St Ry—See P S Corp. North Penn Gas Co— 85 87 101* 91 91* g 66 76 1st & cons s f 5s '48 op 15-J&D 106* Northeastern Public Servloe— / 15 Gen'l 1 & coll 5*s 1961 Northern Conn Power Co— 104 1st & ref 5*s 1946 M&S 1954--———J&D 99 Includes :::: 100 55* 54* 54* 55* 54* North Ind Gas & El 6s '52.-M&N k 95* 1963 1st 1 & ref 6s 1943 O M&N 1st 1 & ref 5*s ser D '49..J&D 1st 1 & ref 5s 1955 ser E..J&D Watertown L & P 5s 1959-J&J 107 109* - - . Gen & ref 5*8 1951 Northern Ohio Telep Co— 73 70 100 1st s iff 92 87* 95"" 84* 1st & ref 5s 1962 A&O Northern States Power Co— 1941 1st & ref 6s 1941 68 ser Refunding 4*s 1961 59* 60 51* 40 5*% notes 1940 Northern Texas Elec Co— Coll tr s f g 5s 1st 95" 7s 1st Hen 89* s 95 91 s f 5s 1952 114* 106 82 106* 101 100 98 73 93 67* M&S 44 65 Los Angeles-Pacific RR— 1st & ref mtge 5a 1943-M&8 Pacific Gas & El ref 5a '42 J<x,j 75 106* 1st & ref M 6s 1941 ser B.J&D k 1st & ref 5*s 1952 ser O.J&D k 1st & ref 5s 1955 ser D J&D 1st &ref 4*s 1957 ser E..J&D Northw st 6« Pub 100* 100* 108 Serv— P 1950 M&8 11* 12* 44* 46 89 M&S 1936 107* M&N A&O 90 107* 74"" 62 109* 94 A..M&N - VaUey Power & Light Oo. 1st & ref 91 88* 2 42 33 , 49 30 35 79 26* 100* 82* 55 27* 102* 84 92 M&N 1st & ref 5s series D 1954.J&D ennaylvanla Electric Co— 1st & ref 4a 1971 ser F._. M&N 1st & ref 5s ser H 1962 A&O ennsylvania Gas & Elec Corp— Deb gold 6s 1976 ser A...M&8 ennsylvania Gas & Elec Oo— 1st 1 & ref 5*s *55 ser A..M&S 1st Hen & ref 5a 1958——M&S Deb 6s 1940 J&D 100 1st M 6*8 1933 with warr.J&D Northwest Elec 1st 6s 1935-M&N Northwestern Elevated (Chic)— M&N M&N 53 / Oo— Deb 5*s 1959 ser B F&A enn Pub 8 1st 6s serO "47.M&N 100 105 Edison Deb g 6s 1950 ser A Without warrants 4 40 31 4*s 1977 1st 5s 1979 eun-Ohio 91* 90* 87 J&J Peninsular TelOo 1st 5*« '51 J&J Penn Centra 1 Light & Power Oo — 103* __A&0 J&D 1964 95* 95* 68* 63* 95* 73* 81* 74 59* 61 80 §3* 77 82* 80 1st & ref 5*s '54 ser A. ..J&J 14 18 ciiuBYivaum 74 1st M 4*s 1981 A&O ennsylvania State Water Oorp— 1st lien 6*s 1952 series A-M&S .M&S L '45.-A&O */ 11* Northwestern Light & Power 6s 109 105* M&8 1st mtge 5s 1941 opt 109 102 Water Oo— Union El (Loop) 5s g 114* 80* f 94* N'west Cities Gas 6s 1949—-J&J Northwest Louisiana Gas— 9l" • 1st 6*s w w 1937 ser A..M&N Debenture 7s 1942 J&J 107 M&N Northern W'chester Ltg5s'55-J-D 1943 101 61* Valley Power Oo— Pacific Ooast Power 5s 1940-M&S Pacific Elec Ry g 5s 1942.; J** ecos 106 1935 J&J 1935—J<x.J ser 20 82* 102* 103 war f 6s 1943 ,101* M&S 101* Northern Utilities Co— S f deb 6*8 109* 59* 5s 1940 opt...J&J / without F&A 5s 1937— J&D Paterson Ry—See Pub Serv Corp Pateraon & Passaic Gas & Elec consol gold 5s 1949 M Northern Texas Utilities Oo— 1st 7s with warr 106 91 A&O B 41 109* issalc & Newark El Traction— 87 A&O 1st & ref 5s 38 50 J&D A ser 5s 1958 m Parr Shoals Pow 5s 1952 93 Northern Penna Power Oo— 1st & ref 5s 1956 52 W5* 108* - 99* Northern Ohio Trac & Light— 1st Hen & ref 5s 1956--.-F&A Gen & ref 6s 1947 ser A...M&S 55 1st Ref M 5* 1952 series A F&A f 5*s 1957 ser A 50* 84 Pacific feiepb & Telegraph— 1st & col tr • f g 5s 1937. J&J 2 93 M&S k 28 Pacific Power & Light Oo— 1st M 5s 1955 F&A Pacific Public 8ervlce Oo— 72* IT 55 103 Orange & Pas Val R—See P 8 Corp Orange & Rockland Elec Oo— Pacific . Northern Ohio Pow & Lt— 100 54 27 1st & re* 4*s *60 ser F...J&D Pacific Light & Power Corp— Pac L & P Oo ls» 5s 1942 J&J 61 97* 100* 59 99 A&O 5-year 5% notes J&J 1st lien & ref 7u 1946 A___M&N 1st lien & ref 6s 1947 B M&N 70 16 105* Y Utilities inc— & ref 5" 1st M 54* 71 58 . f 6s 1947 Oonv deb 1st & ref 5s 1966 ser O...M&N k k 1st & ref 5s 1969 ser D M&S k lst&ref m 4*8 1970 terE.J&D k Northern N 70 Los Angeles Pacific Oo— 1st ref g 4s 1950 opt *15--J&J Ind Pub Serv— 75* V 75* 106 Pow 1st 5s 1951—J&J New Eng Tel & Tel— 1st 5s 1952 series A - J&D 113* 1st 4*s 1961 ser B ——M&N 109* Vow Hampshire Pow 6s Dec. 1943 97 105 New Haven Water 4*s 1945-J&J 1st & ref 4*s A 1957—__J&D 101* 1st & ref 4*s B 1970——A&O 101* 1st & ref 4*s G 1981 M&S 101* N J & Hud Riv Ry & Ferry— 53 1st gold 4s 1950 opt———M&S N J Pow & Lt 1st 4*s '60—A&O 86* New Jersey Water Oo— 1st M 6s 1950 F & A 82* Naw Mexico Power— 64 1st M 5s 1958 —-J&J New Oneau» Pub Service Oo— 1st & ref 5s 1952 series A—A&O 59* 1st & ref 5s 1955 seriet B—J&D 59* 50 Gen M 4*s 1935— -J&J Inc 6« Nov 1949 ser A—J&D */ 39* New Orleans City & Lake— 80 1st s f 5s 1943-—-J&J 92 Newport Gas Lt 5s A 1961—J&D Newp Newa & Harnp Ky G & E— 1st & ref 5s 1944--J&J 88* Newp News & Old Pt Ry & El 92 1st g 5s Nov 1 1938 M&N 85 Gen g 6s Mar 1 1941—_M&8 89 New Rochelle Wat 5*s '51-M&N 89 1st 5s series B 1951..—M&N 84 N Y Cent Elec 1st 5*s '50-M&S k N Y & East River Gas—See NYGELH&P New York Edison Oo— 1st lien & ref 6*o 1941---A&O 114* 1st 1 & ref 5s ser B 1944—A&O 108* 1st 1 & ref 5s 1951 ser O—A&O 108* N Y Gas Elec L H & P Co— 1st g 5s Dec 1 1948 113* —J&D 105 * Pur mon coll tr 4s 1949—F&A 120 Ed El 111. N Y. con g 5s '95 J&J New Amster Gas 5s 1948—J&J fclOO 101 NY&ER Gas 1st g 5s '44—J&J 99 Con 6s 1945 J&J New Eng 59 Northern — s 50* 88 Oklahoma Power & Water 1st m 5s 1948 ser A .F&A Okla Power Holdings 5*8 '43 J&J Refunding 6s 1961 North El Co & Nor Pap Mills— 1st M 1934-1948 M&N Northern Elec Oo Ltd—Bee Misc. — 102* 1st gold 58 1937 opt F&A Northern California Power— Op— 94* 1st ~4" 90 94 Debenture gold 6s 1940—M&S Okla Natural Gas 6# 1946 A..J&J 1st m 5s 1948 ser B F&A Ozark Power & 82 108* I960----M&N New Eng Pow Assn 5s 1948 .A&O Jfc 33 80 101 80 65"" 95 5*s 1970 A&O Otter Tall Pawer CJo (Minn)— 6*s series O 1939 A&O 5*s series D 1945 —.J&J 5s series E 1946 A&O 6s A 1947 M&S North Shore Gas Co of Illinois— 26 62 Ref & coll tr 5s 1957 ser A. A&O Ottawa Trac 1st 5*s July '55J&D 5s '40 op '20 A&O North Shore Coke & Chemical— 104 74 49 Ottawa 104 - 88 114 — 104 11 / 9 fk 9* f ' 2 / 22 4 83 101* lst6*s 1943 (with war) J&J Ohio Valley Water 5s 1954--.J&J 1st M A. ser 99"" 92 Extl sink fund 5s 1963 Ottawa L H & Power— North Hudson Lt H & P Co 1st & ref 103 100 ] 100 106 92* 1st M 5s 1957 series A J&D Oslo Gas & El Works (Norway)— 80 1st M & Hen 5*8 1957.—M&N North Shore Electric Co— 71* 62* k 103 102 103* F&A Oregon Elec Ry 5s *33 opt__M&N Oregon-Washington Water Serv— Corp— (Hoboken, N J) 5s 1938--A&0 of) W 6s'41 J&D & E Association Deb g 5s 1947--— M&S Oonv deb 5s 1948 -J&D 88 90* 81* 48* Jfc 100* k 100* 5*% secured notes 1937-A& North Carolina Pub.Serv (Jo— 1st & ref 5s 1956 J&J Sallsb & Spencer 5s 1945-M&N 103 104* Ontario Pow 5s *43 op to '13-F&A Ontario Transmission Oo Ltd— 1st gu g 5s *45 op bef '16. M&N 88 North Boston Ltg Properties— 104* 105 96 - 86* 89* B...F& ser 105 104* 101* Omaha & Council Bluffs 8t Ry— Income 5s 1937 J&J North American Co. Deb 5*8 104 Onto State Telep 5s 1944 J&J Ohio Val Elec Ry 1st M 5s '46J&D Ohio Valley Gas Corp— 1st 87* 65 I Uidahoma Ry 1st & ref 5s 41-J&J Old Dominion Pow 5s May 15 '51 Omaha & Ooun Bluffs Ry & Br Pr- North American Edison Co— Conv deb 5s 1957 ser A..B 55* New Castle (Oity New England G Basis. /This price impaired by maturity 1st mtge 63 1st & ref 6s 1953 series O.M&S , 1st & ref 5sl954 ser D M&S k 1st & ref 5*s ser E 1961M&N . 65* 92 M&S 1937 104 Nippon Elec Pow Ltd (Japan)— 105 105 62 ^ New Brunswick (N J) Lt Heat &Pow 108* 106* 61 59 1944—Q-J GKLH&P New Brunswick (Can) Pow 105* 1959. 99* 86 ew 97 102 Amsterdam Gas—See N Y Sewark Oons Gas con 5s 48-J&D Deb 5Ks 95 See N Y Gas Elec Lt & Pr Norf & Ports 2022—-—-——M&S Oonv deb 6s 6% if notes 1935 M&: N Y & Westchester Lighting— 65* 104 92 Ohio Water Serv 5s A 1958.F&A Oklahoma Gas & Electric— 1st M 5s 1950 M&S 90 108* 81* 75* 81* Nev Calif Elec 1st 5s 1956—A&O Debt 6s July 1941--—— J&J 4s Dec 15 89 81* B-__ A&O 55 ser O A&O 1955 ser D. A&O Morn'side El St Ry—See Phila Co Mount Home Telep 6s 1938-J&J Mountain States Power Oo— 1st & ref 5s 1938 J&J 1st M 6s 1938 series BJ&J Muncie W W 5s Oct 2 1939-A&O Municipal Gas Oo (Texas)— 1st M 6s 1935 «?f A——-M&N Municipal Serv coll 6a 1956. F&A Mut Fuel Gas See Peoples G L & C Mutual Telep (Pa) 1st 5s45-A&0 Mutual Un Tel—See West Un Tel 5a M&! 102 107* f 4 *■ Apr 1 109* 105* 104* 108* 68 64* J&D B 96 74 102 1st & consol 5s 1960 F&A Ohio Elec Pow 1st M 5s 1957 J&D Ohio-Kentucky Gas Oo— See Kentucky-Ohio Gas. ser 25 72 Ohio State Power 6s 1935-.-J&D 4 / Niagara Falls Power— Gen & ref s f 5s Newark Gas 6s 4* 108* 104* 103* 107* 5a series A Narragansett Elec Oo— 1st M 5s 1957 ser A-----{&•] 1st 5s sink fund ser B 1957-J&J 5s series O 1958-—J&D Nashville Railway & Llgnt— Oons g 5s 1953 opt 19018—J&J Ref & ext gold 5s 1958-—-J&J Nashville Gas & Heating Co— 1st M gold 5s 1937 guar—M&N Nassau El RR—See Bklyn Queens Nassau & Suff Ltg 5s 1945--F&A Nat Elec Pow Oo deb os 1978 J&J Nat Pow & L deb 6s 2026 A. F&A Deb 5s 2030 ser B— M&N Nat Public Service Oorp— Debenture gold 5s 1978—F&A Certificates of deposit--—-, Nat Toll Bridge 6s stmp '39-J&J Neb-Iowa Bdge 6*« 1943..F&A Nebraska Pow 1st 41*8 1981-J&D 4 / & 39 20 94* 66* Ohio Public Service Oo— 1st M & ref 7 *s *46 ser A. A&O 97 Ask. 35 Ogden Gas 5s 1945 M&N Ohio Assoc Telep 6s A 1962-J&J Obli- Cent Telep 1st 6s *47—J&J >bio Cities Water Corp— 1st m col tr 5*s 1953 ser.A J&J Ohio Edison 1st 5s 1957 A&O lst&ref 7s 1947 N Y, Water Service Corp— 1st M 5s 1951 ser A 100 1st & ref g 5s 1941 opt——J&J Gen & ref 5s 1955 series A.A&O s 93 Rys— con g 4*s *62 op '13--M&I Certificates of deposit 1st con 6*s 1962 _M&I Certificates of deposit 96* I... / 6*s 1942 Deb g 6s 2024 98* 75* Montreal Tramways— Gen & ref 80 91* 95* 54* 75 Bid. Ohio L & Pow 1st 5s 1944—M&N Ohio Pow 1st & ref 5s 1952 B J&J 1st & ref 4*s 1956 ser D.J&D 1st 73"" 98 s Gen & ref 5s 1956 ser II"" N Y & Richmond Gas Co— New 84* J&J */ 53* f 5s '43 op 18—J&J 1962 ser A———J&D Montreal Isl Pow 6*s 1957-M&N Montreal Lt fit & Pow Oonsol— 1st ref & coll tr 5s 1951 ---A&O 1st ref col & sf 5s 1970serB M&S 3% conv deb 1939 J&J Montreal Pub Service Corp— 1st & ref 5s 1942 M&S 1st & ref VI 5s '43 J&! Third Ave—See under "T". 23d St Ry 5a 1962 J& cons 100 71 45 Deb g 5s Deb 6s f 37 */ 9* Power— Montana 7* Railways— > __M&N 5*s 1934 1 68 65* 6H 88 Montana-Dakota Power Oo—• 1st Jan 93* 79* Monongahela Valley Traction—1st M g 5s 42 opt '22 J&D Monongahela Valley Water— 1st M6H> I960 series A.-J&J Monongahela West Penn Pub Ser 1st lien & ref 5*sser B '53 F&A Jfc Mont Cities Gas 7s A 1937-M&N Debenture 7s 1937 rts ' 100 1st ref M 6s ..J&D 5s 1949 income New York Bonds Nova Scotia Light & Power Co— 1st M s f 5s 1958 ser A —J&D Oberpfalz Elec 7s 1946 Ocean Oity Costal Highw Bdge— 93^ f Bleeck St & F F 1st 4s '50-J& 63 AS* 97 H 104^ A J<$ 1965.At 30 Monongahela Light & Pow Oo—1st M VP ser 60 26 33 36 Monmouth Oons Wat 5s '56- NY Gas Elec L H & P Co (Cont.)NY&Weatch Ltg 4s 2004--J<$ J 69 -----M&S 1941 :■> Prior lien 6a 1965 Mobile Bay Bridge 7s 1951-J&J 2nd sink fund 7s 1951 J&J Mobile lias imp & ref 7s '51-J&D Mob Lt & RR 1st g 5s '37--J&D Bid Bonds. 52 Missouri Gas & Elec 6s A1944 M&S 1st & ref 6s ser B 1957 J&J Missouri Power & Light— 1st M 5*s 1955 ser A MAS 1st M 4*s 1958 ser B MAN Missouri Public Service Oo—■ First mtge 5s 1947 ser A—F&A Mo Riv Sioux Oity Bdge Co— 1st s f 6s 1953 M&eT()-T Oons g 5s prices Series B F&A 1950 Co Ltd— 1st m a f conv 6s '60 serA.J&J / Certificates of deposit f Northwestern Pub Serv Co— 1st m 5s ser A 1957 ..J&J Northwestern 71 65 102* 103 —J&J k 105* Power 124 75 30* 28* 31* snn 30 at uigub uu enn 65* ruw 96 84 96* 85 66 Teleg 5s 1960 ser k 100* O Water & Powers f 5s '40J&J 1st ref 4*s 1968 ser B M&S 108* 104* 109* 105* 100 103" 101 accrued Interest. A:Last sale. I In London, n Nominal. r Canadian price s Sale price •Negotiability June, 1934 ] UTILITY PUBLIC NOTICE.—All bond BONDS 83 "and interest" except where marked "f' and income and defaulted bonds. Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue. Bonds. Bid Pes pies Gas (N J) 1st 6s '68-J&D People's G L & Ooke, Chicago— 1st prices Ask. 109* 112 g Ohlc G L & O 1st 6s 1937—J&J Oonsum Gas 1st g 5s '36—J&D lnd Nat G&O g 5s '36 ga-M&N Mutual Fuel Gas g 6s *47 M&N Peoples Light 8c Power Corp— 1st lien 5*s 1941 J&J Oonv deb 5s J&J /* 1979 78* 5s 1948 con —MAN Debenture 4s 1950 J AD Alleg Belle 8c Per 5s 1935-A&0 88* 90 Ardmore Street 5s 1963—A&C Browaav Ave 5s 1926 FA A 21* 85* 1st & Central Trac 1st 5s 1929--J A J Duquesne Lt 1st M 4*s'67A&C 1st M 4*s 1957 MAS Duquesne Trac lBt 5s '30—J&J Fed St A P V 6s May 1 '42. J&J Millvale Etna A Sharpsburg— St ry 5s 1923 MAN Morn'Hide El at Ry 5s '35 A&O iMtts Alleg A M gen 5s *30 A AO Pitts A OharlerolOs '34 M&N Plttsb Rys 6s 1953 106* 108* > 70" 68 United Trac 5s 1997 ctfs—J&J 28 West End Trac con 6s *88. JAJ Phlla Elect 1st 5s 1966 AAC 1st M 4s 1900 AAO 1st lien A ref m 4*s 1967 MAN 26 6s 111* 102* 107* 102 30 1st g gu 4s 1955... Union Traction— 100 107 102 65 30 Sink fund 5s ser "9' Sink fund ser "10" 32 26 29 —. 62 Phlla Snbor-Coontles Gas & Elec 1st A ref 4*8 1957 MAN k 106* Phila Sub Water Co— .... 104* 104* 105 101 AAO M&N 103" Pitts g 7s 1950 / 1st & ref 5s 1937 j Richmond (lnd) W W Corp— 1st M 5s 1957 —M&N Richmond (8 I) Lt & RR— 1st coll tr g 48 1952 J&J 30" 75 80 90 90* Rochester Gas & Elec Hydro-El Co (Hal 105 Gen M Phlla Trac—Rep Phila C< 88 83 Plalnfleld-Un Wat 5s A '01-M&M Pomerania Elec. 6s 1953 M&J con m 5s 1945 101 47 47* J&J- 91 91 1st ref 52 71* 74 Gen M 76 Telep 6b 1944 73* 48* J&L 1st mtge 5s 1966 ser B—MAN k 1st M 4*s 1961 series F—AAO k Pstomac El Pow— Cons M g 99* 92* 49* « m •» m 5s 1936 guar..JAJ no* 79 79* Corp of Canada Ltd— Prussian Elec 6s 1954 89* 92* 91 1st A ref 6s series O 1961-MAN Deb 86 87 1st A ref 5a 1956 ser A.-M&N 1st & ref. 4 His 1957 ser B.A&O 104* 105* 100 101 Public Service Co of Nor 111— 1st A ref g 5s 1956 op '21—AAO lot A ref 5s 1900 series O.M&N k 1st A ref 4*s 1978 ser D.M&N k 83* 82* 74* 1st A ref 4)4* 1980 ser E..JAJ k 1st A ref 414s 1981 ser F_.A&O k 1st lien & ref 6*s ser G *37 J&J 72* 97* 98" 1st lien & ref 6*s ser H '52J&J 92 92* 84 72 / This price Includes accrued interest. lot lleo 4 ist m so oi^- 80 Texas Gas 34" I960 iii?erP Bell Teiep n? * C?Tn f 100 100 3*u«iern California Gen g 5s Nov 1939 60 108* j*-1 rI Third Ave Edltl—7' Refund ng 105" 5a j&j 1951.? afltfornla Gu 101 107 j&j opt Refunding 5s 1952.. Refunding 5s 1954 104 104 104 m&r 1^ Oori^ 98 46* 84" lot 4 103" I outhern S fol 96733 •8r ®M ser Southern Cities Pub 75 Conv deb 6s 1949 SouthOTn Cities 75 78 At 100 103* r w 103* SerVOo— Ma-ki 23 A Art 32 UtUitfi'oi— oi i! r£? 101 104 o. A 1st lien & coll 5s 195R 8 f deb 60 1968 95 93* k 104* &B k 102 * k 95* 102 Canada Pr 1st M 5s 1955 95 . Colorado P.wnd'™ f 6s l947 series A__ j&j *!?1 Counties Gas (Calif)— l8AM 4*« 1968 ; Southern Gas Co— J&D J&D 105 101 102 — 1st & ref gu g 5s '39 opt..J&D St Paul City Ry—See Twin City R St Paul Gas Light— 66 104* 0 Salt River Vai Water Users Assn 6s 1938-1943 F&A 6*s 1935 ex-warr_. 6*s 1936 ser A 105* A&O 97* Gas Utilities. Inc^ 1st M s f 6*s 1939 anr AMac ~>>uth lnd G & B " 86 A&O k 106* Southern Natural Gas Corp— I®'® f 6s 1944 with warr J&J 107 71 Without •nth N E Pub S ervice. 107 92* 101 M&N S f deb 5*8^57 T. 106 J&J w a 15 63 privilege Telep let 5a 1948~j&ii g 5s 1970. . _-I.. J&n 70 112 Deb So Ohto a M&N 68 70 70 Stewart Mt Pow 5*s *57-A&O 65 68 3.utbe™ Trac—See 88 112 Eiec 6s 1955—-H"~J&D 1st g 5*8 1959 ser D Sou Pub Utll lat 60 1943 Southern United Gas Go— 1st lien 6s 1937 with warr a&c Refunding 6s 1956 San Angeio Telep 1st on 1958 F&A San Antonio G & E 5s 1949.M&S San Antonio Public Service— 1st ref 6s 1952 series A J&J 1st & ref 5s 1958 ser B—J&J ft San Antonio Tr 1st 6s '49 M&S San Diego Consol Gas & Elec— 1st g 5s 1939 opt 1914...M&S 1st & r6f 6s ser A 1939 M&S 1st & ref 5s 1947 ser 5*s fe Last sale. ser B—.M&8 O 1947 M&S ser D 1960-M&S Tin London, n 68 85 102 100* 96* 85 90" 99 j%1 102 PhUa'bV 6 6 _ mthern Wine Pow 6s 193S ~aVT Gas Ltil 6*s 1943.-M&N Southwestern Assoc Telep Co— 1st M 5s 1961 A&O 95 '/ 13 k 63 Southwestern Bell Teleo-1" Ht & ref M 5# 1954 ser A.F&a Southwestern Gaa & Elec Co— 108* }2 ^r^^niS67 Ber A .—J&J 1st M 5a 1957 ser B M&N 0 0 >^03C7I 88* 88* Cirf* Nominal, 100* A1 Certificates of deposit. 96 89 22 81 a MAS 31 & Sou B vard—See 96 95* 68* viJi 1941 opt 1916 ® 100 102 6*s lflag V" mX« 1st lien 6s 19441st lien 6s x-w 19411 u 100 t *. 1 mt... Southeast P&L deb 6s 202* Southeaetern Gas & 106 Corp. S n"Ji wS 18 72 ■ a rS 6. J&J Joseph Ry. Lt Heat & Power— 1st g 5s Nov 1 1937 M&L 1st & ref 5s 1940 J&J Salisbury & Spencer—See No Oar Salmon Rlv Powgu 5s '52 op F&A 99 66 M sf? ^"tf^ttsburgh WaterooT 1st lien & ref 5a 19an Oo^- M&fc 1st & ref • Basis. Carolina Pow« 99 4*a May 1948---M&N 1st & ref 6s by maturity. iwa 1st Hen & ref 5a 1957 South Jer G E & T—See Piin 104 61* 78 1940 ._M&N Public 8ervice Co of N H— 73* 104* 60 95 101 105 WaterJl 1st ref 5s 1950 South a. IX Oonv 0% notes ext to '34..J&J / St Louis Springf & Peoria RR— 93 77 $ gj IQ^T^t Wat & Mtge g 4a j)ec 1 South Bay Consol Co— 74 0s 85 15 M&N Gen gold 5s 1944 Gen & ref 0s 1952 83 80 liiith 99 55 Public Service Co of Colorado— 1st A ref 6s 1953 series A. .MAS 1st A ref 5 Hs'54 series B_M&8 fi" fiffiLi940 ,""<3-A|a 97* 1st M 5*s 1945 ser A 1st M 5s 1945 ser B St Louis Public Service— 55* M ifnow Mt 104 59 k ei2coJ^F4A ■ 88* 102 Public Elec L Co A (St Albans, Vti 1st 534s 1966 AAO 90 72 ser A—M&N Joseph Water 5s 1941 •iViiiva f au> §2* 86 A 41 80 64 62 89 s 41 5b ctfs 1957-M&N / 4*s 1958 749M 100* L 100 J&D / Oo. 92 S loslan Elec Corp Sioux Olty Gm S 79 83 88 Power Secur coll tr 8s 49. J&L Providence Gas 4s ser B 1963 F&A 63* 76 39 77 Deb gold 5*s 1947 MAN Power Gas A Water Sec Corp Coll tr 5s 1948 with warr-M&N 64* 64* 64* 63* St Louis Co Gas 1st 5s 1951—AJ St Louis Co (Mo) Water St Oonv deb 4*s 1959 H«r B-M&S 64 Telep Corp— 1st cons guar os 1959 St Joseph Gas—1st 5s 1937 105 108 Power Corp of N Y— 1st M 6*s 1942 Ser A.M&N 1st M s f 0s 1942 Ser B MAN / 70* Rutland Ry Lt & P 1st 5s'46-M&^ 101 Safe Harbor Water Pow. Corp— 1st mtge • f 4*s 1979 J&D ft 105 9t Ulair County (ill) Gas & El— St Gen lien A ref 6s 1953——AAO Power ec 44 64* 104* Rome (Ga) Ry & L 5s '40--A&O Rome (N Y) Gas. Elec Lt & P— lst ref 5s 1940 J&D Ruhr Gas Corp 6*s '53 A..A&O k Rumford Falls Pow 4s 1945-A&0 93 90 55 85 conv Rockland Light & Pow— 1st M 5s 1938 92 Postal Tel eg & Cable 5o '53—JAJ Potomac Edison Ce— 100* 92* 84 87 1st & ref 5s 1946 ser B A&O 1st & ref 4*s 1953 ser O..J&J Rockford Elec Co 1st 5s '39-M&8 75 Porto Rico 93 107* 1st M MAS M&N Trac—BeVPhii.'/i? 79 106* Rochester Portland 1st 1 A 30 JSSii S&7 106* 100* , fk 38 (Ore) Gas A Coke— 1st & ref g 5s '40 opt '20.-JAJ 1st l'n & gen 434s 1940 JAJ Portland (Me) RR 3*s 1951-JAJ 71 pva 93 Corp— 2d 5a g 1933 ctr dep Rochester 8c Syracuse RR— 90 Portland (Me) Gas L 5s A '50 A&O Portland General Elec Co— 1st & ref 4*s 1900 5s 1935 90 105* Piatt*burg G & El 1st 5s 1939—. a opi'mV""'A&O f 6s 1936 Second Ave 5s series E 1962 105 M&S Roch Ry & Lt 5s '54 opt J&J k 109 * Roch Ry cons 5s g 1930.-A&O / 30 Co Pittsburgh s 99"' 95 6*s 1948 series Cf_M&8 Gen mtge 4 *s 1977 ser D-M&8 Oharleroi—See Phlla Co Rys—See Deb 96 Rio de Janeiro Tram Lt & P— 1st g 5s 1935 J&J Rio Grande Valley Gas Co— 1st M 7s 1937 ser A A&O Alleg & Man—See Phlla Co Pitts & Befg 5s 1949 73 28 Pittsburgh 101 87^ '53. Riverside Trac—See Pub Ser Corn Roanoke G-L 5*s 1951 F&A Roanoke Ry & El 5s 1953—F&A Roanoke W W 5s 1950 J&J Rochester Central Power Corp— Deb g 5s 1953 M&S 101* 1st & ref s f 6 *s 1960 ser A i Piedmont & North 1st 5s 1954-J& J Pitts & Alleg Telep 1st 5s 1949— 53 Mo 80 7% sec. notes 1930 Richland Public Service— 28 Piedmont Seltt"Llrtttag3Oo?i1914--M4S 1st 5s 82 •52. M& Direct m 6s 1952 M&-. Con m 6s 1953 with war.-F&A / Cons 6s 1955 with rights, .j Ry —MAN 55 80 Mtge People's Traction Co— P P Ry tr ctfs 4s '43 -F&A Union Traction 4s 1952-J&. 1955 15 *7 LVT l wvs. g Se?i.USBTFe,"S TraeUoo—"• Rhine-Westphalia El Pr (Germ'] Elec A Peo 4s tr ctfs *45-A&O 5s , 52 ser A-A&O * Railway & Light Securities— .... 73 87 1st M M&S 1958 16 48 38 1944 Conv g deb 5*s 30 14 v£i A 34* 86 M 5s 1969 1st M 4*s 1967 51 93 77 Income 3s 1959 wi. II Scran Trac 1st 0s Certificates of deposit fk 34* Rhine-Ruhr Wat Serv Uni Extl deb 6s 1953 J&J 42* —MAN 1st 56 53 49 48 65 Pass 3 55 105" M&R 1947 Certificates of deposit" 5a series A 1959 w i 4s series B 1959 wi 43 1st M & coll tr s f 5* 1968 Queensboro Gas & El 5s '52.J&J Ref 5h 1955 M&8 jjfr? op? 'k J&J WatSo*- 1st & ref 5h 35 1 98* lit&^eWfe0^ 84* 39 J&l aao Scranton Ry—1st 5s Nov '32 32 .... 75 Elev 106* 102* M&N 1st & ref 4*s 1950 ser D_f ~ Quebec Power Co— Ref 4*s Sayre (Pa) Elec 5s 1947 Scioto Val Ry & Pr 1st 6s"'4T Scranton Eli: 5«'37 Scranton Gas & 1st 4*s 1958 107 M&8 f 1938 6s 1st & ref 5*s 1949 1st & ref 5s 1950 ser O 109* 71 1944 Street 84" 83 101 F&A Darby Media A Ohes St 1st 414s '36 opt '16 gu— Market 83 106* 102* 109* Philadelphia Rapid Transit— Coll tr g 6s 1957 opt s f„F&A S f guar 5s *62 opt r17 6s gold 1962 1 m r e 28 102 J&A 1955 32" 111* Philadelphia Elec Power Co— 1st mtge 5*s 1972 WacA Phila A Garretsford St Ry— 1st 67 85 .... 106* 102* J&D F&A A&O 1907 1st col tr conv 6*s 1948—A&C Puget Sound Power & Light— 28* 28* 5s 97 87 84 Secured conv A&C 1st A ref 4s 1971 ref 4*8 Public Utilities Oonso) Corp— 1st M 5*s 1948— M&_ 90" 75 Li.J&J Falls Co Ltd— 109 109 60 Pitts Trac 1st 5s 1927—AAC Id Ave Tr 1st 5s 1934 JAD So Trac 1st A coll tr g 5s '50 AAQ 1st oauda 104* 102* 6*2'fH&j Sandusky Bay Bdge 87 5s 1st & ref 4*« 1970 1st ref 4s 1971 107" J&j 105 I960—J&i Trac 1st mtge 5s 1961 ser O M&8 k First mtge 5s 1957 ser D.M&N Public Service Elec & Gas Co— ' D_. San Joaquin Light & Power— 1st 5s 1946 opt aft ldin J&ri San Jose Water Wks 5s 1Q13 tat Public Service Co of Oklahoma— Secured gold 5s 1907 2 104* 94* 50 Gas El & Trac— 5s Mar 1 1953. .M&r Riverside 50 / Ry— So Jersey Guar g Philadelphia Company— J 62 14 ext 5% to *44 A&C P S Newark Term Ry 6s*55 J&D 76* 74 A Power Oirp— i rH £8 A?52 S8r & ref 5a 1967 ser B—M&s ,®a2u n n« Unif 100 Ry 4s 1948—M&JS Vaf 1st 5s '38..J&T 2d 6s 76 F&A 1st 8c ref 5s 1950 Jer St 43 'W-MAN M&N r s 2. 52 50 80 90 1st I>lbJ fT?lSS» 7s 1942 62 95 75 f-f A^nc« 8?°#Bay To11 Bridge— — — 87 Paterson M&N 1I7K j-»eo Trent 5s '62.A&V. & Or & Pass __ .... 73 Nor Bid Diego Water Supply Co— 1s t m s f 5a 1955-—— m&N k Sandusky Bay Bdge 1 st6 *s '42 J&J 88 J O Hob A Pat 4s 1949—M&N 34* 3* Peoples Tract—See Phlla R T. Peoria Water Works Co— 1st consol 4s 1948 JAJ J&D ffilli Plaini & Cent Jersey Ry— 1st g 5s Dec 1 I960. '&* Eliz & Raritan Riv 5s '54.M&N Consolidated Traction— Extended 5s 1938 91* Miisabetn 33 99 115* Trust certs 6% per pet— Camden Sub 1st 68 1940 105* 104* 100* 103* Bonds. ian 1st 5s 1943J&J Public service Corp of N J— 102 cons Ask. Corp erv Refunding gold 5s 1947--M&B 101* 1st & ref 4s 1981ser B J&J k 77* 1st & ref 6s ser O 1957 J&D 91* Bid. Bonds. 84 A&u Qs 1943 are 1st 6s series O 1961 r Canadian price, s Sale price. M & N 97 •Negotiability impaired STOCKS PUBLIC UTILITY BONDS AND 84 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 A Pow Uo , A F&AI& 1957 ser B F&A Southwestern Light 1st M 5s 1957 ser 1st M Ask. 75 67 General Southwestern Natural Gas Oo— 1st s f 6s 1945.. M&N Southwestern Power A Light— , Deb g 6s 2022 series A .MAS & Southwestern Public Service Oo— 1st M s f 6s 1945 ser A JAJ Southwestern States Telep Oo— 1st M 6s 1948 MAS Southwest Gas Oo— 1st irartWN *37 with warr, MA* Southwest Telep 6s B 1947-M&S 5034 Gen 51 80 3434 35 37 3334 3534 3534 3734 2 io"f" 99 90 51 35 2334 2 25 5 48 634s 1933 with 7934 7934 110 24 1034 87 84 ovt. 45 5134 47 Tennessee Eastern AAO 1953 A Light— M g 6s 1964 59 76 8034 82 MAS 1956 1937 _J&i 10234 8134 9034 JAJ A 86 MAN 82 .... 5 7834 2834 134 42" 10254 85 9034 5234 2834 99 30 15 6s '61-AAO 1942—JAD 100 A Teleg— MAN Ry—See no Tr (Alb> Pow A El 5s A *52 JAD 23d dtreet Ky—dee N ¥ Rys Twin Oity Rapid Transit Oo— 1st lien A ref 5H» 1952..JAD St Paul Oity Ry— Cable cnt 6s 1937 JAJ 15 Guaranteed 10634 104 1945 Ser A.MAS Gas Oo— Twin States Natural Oonv deb 6s 1933 impaired Ex-dividend. Negotiability 108 by Tr 48 68 4834 75 98 10034 2 74 75 7534 81 10534 58 100. trA 104 104 74 Michigan Power Oo— 74 .93 Gen A ref 7s 102 104 104 1947 ja-i 1st A ref 8s 1944 MAN Wisconsin Power A Light— 1st I A ref 5s 1956 ser E..M&N 1st Hen A ref 5s 1953 ser F JAD JAD / 10434 , JAD k 7334 6834 79 34 JAJ s oo—J&u 75 Public Service Corn— AAC 94 JAJ 92 1st A ref 5e, 1942 JAJ Wlscon Riv Pow 1st 6s 1941 MAN El 1st A ref 5f '42MAN 1st mtge 5 (4 1942 MA* 100 93 96 Wolverine Power 7s 1943 JAD Worcester A Uoun Eastern Ry— 1st * f g 4 34s 1943.. JA.' 47 Wyoming Vail P S 6s 1971-.AAO 21 1st 1 A ref 0s 1952 A ser 1st A ref 534s 1968 94" Wise Pub Service Oo— 34 Wise Val 6 102 74 Va jkiu River Pow 1st 6t» 80" 41.AAU 99 5134 9034 Yo ikers Ry—See Third Ave Ry. York (Pa) Gas 1st 5s 1941-MAN Yoric Haven vVat&P 1st 6c'6i J&D 10134 11134 100 York Rys 1st M g 6s *37 opt. JAD 64 105 76 92 Wisconsin 7 10034 11134 7534 Wisconsin Pow, Light A Heat— 1st A ref 5s 1946 JAL 3434 2934 10534 95 85 _ 29 90 8334 1st lien A ref 5s ser G 1961 JAJ 1st lien A ref 6s ser H 1952 MAN Uo— B_. 97 1st M 434s 1961 JAJ Minn Light A Power— 1st A ref 5s 1944 opt *19—MAN Wisconsin 76 106"" -F&A k os 5634 94 92 1954 AAO Wisconsin Electric Power Oo— lit M 5s 1954 ser A ..FAA vV isconsln Gas A Electric— 61 71 92 10234 106 PUBLIC UTILITY STKS. Pn* (t) 5234 (tj 46 $5 preferred (t) Allegheny Traction—See Phila Oo 40 Alabama 3 10 9634 Power $7 pref preferred.. Allentown A Bethlehem Gas— 7% preferred 5834 5834 54 Amor Ulties 41 4334 50 100 Alliance Power, pref 52 Pow A Light cl A.25 Class B 1 50 2934 234 (f) 74 100 110 9434 6734 Amer DIsTel of N J com 67 FAA Washington A Suburban Ooa— 67 Ooll trust 534s 1941 MAS Washington Water Power Oo— 105 1st ref 5s 1939 op JAJ 96 1st A gen 5s 1960 JAJ k Water bury Gas Light Oo— 1st mtge 434s 1958 102 MAN Waterloo Oed Falls A No Ry— 1st M s f g 6s 1940 op '15—JAj f 134 Certificates of deposit f 134 Watert'n LAP—See No N Y Utll Amer Elee-Power $6 Dr. (ti 34 Amer A Foreign Pow cam (t) 87 Preferred 87 second pref series A 86 cum pref (j) ll* (t) 1034 1-534 Wash Ry A El g 4s 1951 JAD k Anacost A Pot As 1949.-_AA< FAA Oo— M&M FAA UJlgawn Klec Power (Japan)— 1st M s f 7s 1945 MA815 Tyrol Hydro-Elec Pow 1st M s f 734s 1955 Guar s f 7s 1952 ForOa 81 95 "4" 10734 11034 1st M 5s 1955 ;-M&N 1st lien A ref 6s w w 1960.FAA 68 Twin States Gas A Electric— 1st A ref 5s Oct 1953 AAO A 38 95 1956. ser B 5s 1960 ser O Ref M 6s 75 Washington Bait A Ann El— 1st M 5a Mar 1941 op—MA(- f 2 Wanh n (D O) G L 5s I960—MAN 10634 Refunding 5s 1958 JAJ 6s m 1936 ser B ...AAO 10134 Washington Gas A El Co— 56 1st s f 534s 1947 FAA lit M 534s 1953 56 JAJ 10934 Trov O'ty x 5 104 1934 Certificates of deposit Nor I 99 86*4 10234 MAN 1st m 102 1st A ref g 5« 69 10234 10134 WUllamsport Water Oo— 1st m 5s Aug 1952 ser A..Mtf Winnipeg El Oo let ref 5a '35 JAJ Virginia Ry A Power— 6834 102 8234 8434 10134 FAA M 5s Wisconsin 58 1st A ref 6s series O 1952.MAS 45 .MAN 1st M 5s 1941 opt MAN St Ry 6s 1935.. Water 6s 1949 M&fr White Line 7534 74 Turner Falls par. IVA 70 FAA 1946 35 55 58 6% notes 1937 MAN Westmoreland Water 1st 6s.. 1952 *veatpnalla United El Pr (Germ lit M a f 6a 1953 JAj Whatcom Oo RyALt 5s '35.MAN 1st g 5s 1952 opt 1919 JAD Wisconsin Hydro-Elec Oo— 1st M 5s 1947 AAO 59 f 6s 5%to'41.MAN 73 34 7434 » exi at 55 50 1949.-MAt '38 f&J JAD Mut Un6s Western Utilities Corp— 1st, coll tr s f 54s 1948.-.J&i 54 6s 1946—A&O 1st 6s '79.FAA Deb s 72 55 6s f 634s 1955 JAD Western United Gas A Elec Oo— 1st 5 34s 1955 A. .TAD 1st 5s series B 1957.. MAS 88 50 5«s 1942 1st M 6s 1942 ser B * 3 18 16 2 101 Tren Pass Ry 1st ext Tri-Cities Water 6 34s t No 16 106 St Rv con g 5s General 6s, 1941 Ooll tr 1st 1955_-A<so 9334 Western States Util 6s A '45.AAO Western United Corp— Wichita Va Elec & Pow 1st Trenton 1st 1 A ref 5 348 1834 21 10-yr sec conv 534s 1942—MAS Virginia Pow 1st 6s 1942.-JAD Virginia Public Service Uo— 1st A rhf 534® 1946 ser A..FAA (Japan)— notes Wheeling (W Va) Electric Oo— 62 A...MAS16 Tokyo Elec Light Oo (Japan)— 1st g 6s 1953 series J&D1-' Toledo Edison 5s 1962 MAN Tol G E A H con 1st g 5s '35-A&O Trl-State Telep 45 76 ; 1 65 11 41 18 Feb 15 '33-F&A 2-yr 6% Fdg ARE M 4 34s g '50—MAN 6348 Aug 1 1936 FAA 25-year g 5s 19fl ..JAD 30-year 5s Mar 1 I960.. _MAt 16 —JAD 1st A ref 5a 1950 ser 82 Western Puollc Service Co— 1st & ref 534" I960 .FA* "134 16 5 Utilities Service 6s 1953 ctf dep.. */ 2334 Conv deb 634s ser A 1938. FAA / 1 Vamtna Water Power 5 34 8 1957— Vicksburg Bridge A Terminal— 6s 1958— MAS / 32 Debenture 7s 1948 MAS / 4 os 1935 10 JAJ 1959 Utilities Public (Service Oonv 6s 1933 6s West Un Teleg coil tr 6s 193#. JAJ AArP 1947 80 18 deb 10 13 13 20 12 f 7s 1955 ser Trenton G A El g 134 134 2734 2634 2734 13 50 Toho Electric Power b 9 74 Westchester El 1st 1st 34 i945—JAJ 1st 5s g Yonkers Ry 1st 934 934 1942..FAA 5a g "43 JAJ Sou Boulevard g 6s Tide Water Power Deb 534s 105 1st A ref 5s June 15 '57. J&Dlr Gen 5s 1952 series E g 5s 15 10034 10234 70 Utilities Power A Light Oorp— xJeb Dry Dock E Union Ry f f / / MAN 1st 1 A gen M 5s 1944 FAA 1st 1 A gen M 434s 1944—FAA Utlca El A P 1st 5s 1950— -J&. Utlca G A El ref & 5S '57.JAJ Gen 534s 1949 ser 01ADU L> 7734 MAN —MAN JAJ 1950 6234 100 81 Utah Power A Light Uo— Deb 6s May 1 2022 aer 81 Western Pow (Can) 5s 1949.-JAJ western P L A Telep— 1st 1 coll 6s 1948 ser A....FAA 78 — 98*4 Bwav A Battery— 5s ctfs of dep 1932 g 434s 2004 JAD Albany Ry con M 5s g '30-JA.t Gen g 5s 1947 —JAD Troy Oity Ry 5s g 1942.-AAO Gen M 5s 1956 31 5234 2834 1st ref g 4s 1960 opt aft "14 JAJ Adj inc g 5s Jan I960 opt—AAO Third Ave RR 1st 6s g r37—JAJ Con 10234 M&N 34 Telep(_Del)6s A 1948 AAO Utah GasA Coke 1st 5s 1936. JA 1 Utah Lt A Tr 1st 5s 1944 A..AAO (New York)— Third Avenue Ry Lake Ro Ei 1st 5s 42--MAS / United Railways of Havana— Eq 734s Feb 15 1936 —FAA 11 United Rys of St Louis— Gen g 4s July 1 1934 JAJ / Oity A Sub Pub Serv 5s *34. J& » / Unit Tr JPlttsb)—See Phila Oo United Wat G A E 5s 1941 Unterelbe Power A Light Oo— Sf M 6s 1953 AAO w 36 2634 2534 2634 / FAa / 1953 76" 57 . 634» 434s 80 W Oorp— Deb g 6s 2022 ser 1st A ref 5s 1956 gu 75 ■ y i United Tel A Tel 5 34s A1953 MAN 1st lien 6s ser B 1953 MAN Uuiieo Fraction (AiDt»ny)— 100 1949 ser A JAD 94 1st M 5s 1956 ser B FAA 80 Texarkana W 1st 5s '58 FAA 58 Texas Cities Gas 1st 5o "48--MAN k / 334 Texa* Elec Ry 5s 1947JAJ 2 Tex Trac 1st 5a 1937 opt._J&. / Texas Electric Service Oo— 77 lit mtge 5s 1900 JAJ / 15 Texas Gas Util. 6s 1945 Texas-Louisiana Power Oo— / 28 / 2734 JLSS on* J.WUVJ "WHO" 8 f deb 6e ser A 1942 ... M&:> 61 Texas Pow Corp 6s 1956—MAS General g United 1st M 6s Texas Pow & jlo 1st os 1st llY* 70 MAN 1st con Terre Haute W AAC 68 1st M 5s 1st A ref 5s 1970 Ternl Hydro Elec 634* Terre Haute Traction 93 No Bait Dlv 1st 5s '42—JAI / Cent Ry ext and Imp 5s__1932 Extended to 1934 at 6% MAS / 90 79 MAN 91 AAU A warr 1st 5s series B 98 F&a Baltimore Traction Oo— 2 Elec Uo— 1943 FAA Teneessee Electric Power— 1st A ref 6s 1947 ser A JAL 1st A ref 6s 1956 JAL Tenn Pow gu 5s 1962 opt..MAN Tennessee Public Service— 95 Income g 4s 1949 op '29—JAI Inc funding g 5s 1936 JAI Bait Sparrows Pt A Obes— 11134 k 107 JAD ser 46" 44 JAJ ser 1st M 5s 1951 Conv 52 1st lien 6s 1947 ser O AAO f Unit Rys A Elec (Baltimore) 1st consol g 4s 1949 M&. f 1st con M 6s 1949 MA? f 80 50 Western N Y Water Co— 1st M 534s 1950 82 Rys 6a A '52 1947 108 1st lien 6s series B 1950.—AAO cons United Pub Utll 6s 1947 A—AAO / 1st Hen 534s 1947 ser B—.AAC / 96 JAD 104 50 4634 uiteu Lt A AAO A Western Mass Ooa— 434% notes Sept 15 '34.MAS15 5% notes 1937. AAO Western N Y Utilities 5s '46.JAD 77" Coll tr 6s 1942 109 107 10 103 76 B United Public Service Oo— ~ .... 78 1st 6s series A 1944 50 107 70 4534 1st mtge 58 k 104 55 ... ser West Virginia Gas Oo— 1st s f 6348*37 with war.JAD West Va-Ohlo River Bridge— 1st M 6V4s 1952 JAJ I / 60 7 348 1937—AAO Aac Deb g 53481952 FAA Deb 6s 1973 JAJ United Power A Light (Kansas)— D _ _lst M 5s 1957 1st lien A 35 33 1st M 5s 1956 series G—JAD 1st M 4s 1961 ser H JAJ West Penn Tr 1st 5s I960—JAD 10434 Deb g 634s 1974M&N 1st 1 A consol 5 348 1959—AAi Deb g 8h 1975 .MAN 51 6734 107*4 11134 W est Texas UtUltles Oo— 9 Without warrants United Ilium Oo New Haven — 1st 4s Feb 1 1940 F& United Light A Power Oo— . Debenture 7s 1953 54 32 1st M 6s 5s 82 5334 Conv deb 6s 84 United Elec Serv (Italy)— Ext) 1st s f 7s 1956 ser A—JAD 81 Standard Telephone Oo— 1st I col tr 5 Hi' '43 ser A.MAN 80 Uuion Water Wks Oo— 92 5334 (Ohio)1— 1st M 5s '46 op *21 ser A.MAS 1st M 5s 1963 series E— MAS 62 Gen ref M 6s Jan 1951 ser A.. Gen ref M 4s Jan 1951 ser B v. 82 1958 West PennElec.deb5s2030.AAO k 1st lien 534s 1942 MAS 16 Unit Elec Oo of N J 4s '49--JAD United Elec Rys (Providence)— 111*$ West Penn Power— 73 Union Water Service Oo— First lien 534s 1951 ser A.MAN 53 Deb 5s Westchester Lt 1st g 5s '50.-JAD ..West End at Ry—Sep Boston El Trac—See Phila Oo 10734|| West End Kiev 3334 81 Telephone Service W Ry—See Third Ave Rv Union Trac (Poila) 4s 1952—JAJ 6% conv notes 1935 AAO Standard Power A L Oorp— Deb g 6s 1957.F&A Standard Public Service Oom— 1st lien 6s series A 1948. FAA 1st lien 6s 1948 ser B J&D 1952 JAD Taiwan Elec Pow.—See Foreign U Telephone Bond A Share Oo— 40 Westchester Elec—See 3d av Ry. Union 42 6s 1952 97 Wayne United Gas 634s *44. JAD 103 10634 JAJ UnlonPubServ(Mlnn)5sA'58JAD Springfield Terminal Ry 7s 1942. Standard Gas A Elec of Delaware 6% g notes 1935 AAO Debenture 6s 1951FA A Debenture 6s 1966 JAD 1938 MAN Yr Stettin Pub u oil 7s 1946.. .AAO1* Stewart Mt Pr—See Salt Riv ValJ Suburban Gas Oo of Philadelphia 1st s f g 5s Apr 1 *52 op "07 AAO Suburban Lt A Pow 6s 1938-PAA Super-Power Oo of ill— 1st 434s 1968 M&fe 1st M 434* 1970 MAS i 104 34 10534 104 MAN 1st g 5 34s 1954 serA Ualon Kiev RR —See N 7734 1947— J&Di Conv deb ser A 1932 ..J&D / Spg Br'k vVav 1st ref 5s '66-Aau' Springfield (Mo) Gas A Elec Oo 1st mtge 6s 1967 ser A —JAD Tacony-Palmyra Bridge— 434s 105 104 105 -----AAO 1957 1957 Bondi and Stocks. Waukesha Gas A Electric Oo— 1st 5s 1959 JAJ Onion Elec L A Pow of Illinois— 55 1st 6s series O 1961 IAD Sweetwater Water 534s '52--AAO Syracuse Gas g 5s 1946 J&J Syracuse Lighting 5s g 1961-JAD 1st A ref 6*8 1954 F&A 5s series B 1957 JAJ Syrac Rap Tr 1st g 5s 1946-MAt 2d mtge g 5s L930 JAJ 5s Bid. Ask. Bid. Bonds. Onion El Lt A Pow Oo of St L— Gen 5s series A 1954 JAD Genl mtge 5s 1967 ser B—FAA Preferred City A 8ub 5s g 1948 6834 (f) Warrants Amer Gas A Elec com..... 104 86 preferred Amer Gas A Pow $6 1st pref American LIgbt A Traction Amer Power A Light com. .(f) (t; (t) 25 2334 87*4 134 1334 ..... (t) 88 m 2 (t) 80 preferred 85 preferred 18*4 84 maturity. 6 Basis, / Flat price, k Last sale. I In London, n Nominal, r Canadian price, s Sale price* June, 1934.] PUBLIC UTILITY STOCKS 85 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. 3tocks Amer States Pub $6 Par. Serv A Bta. preferred 134 234 c Preferred Preferred 66 18 Preferred $0 series—.——(t) Amerlmn Telep A Teleg ..100 Amer Wat Wks A Elec com—(t) 67 X 11354 1834 Arkansas Natural Gas Corp.—t 11434 18*1 IV* 79 "134 22 25 43 27 3054 4 0% preferred.............100 Cleveland Railway..—.....100 k IX IX 254 IX 2 100 $7 •v: (t) 25 100 Bell Telephone (Canada).....100 Bell Telep of Pa 034% vf 100 r Birmingham Elec $7 $6 preferred pref....( ( Birmingham Gas $6 pref ( Blackstone Val Gas A E pref.. .50 Bleeck 8t A Ful Fy—See N Y Rye Blue Ridge Corp..........—1 $3 cony preferred (t) Boston Elevated RR com—..100 X X % 82 X 1534 56 X 84 17 119 117 33 X 31X 634 8 96 2 234 3634 35 X 63 X 64 Brazilian Tr Lt A Pow ord (t> 9 9 Bridgeport Gas Light Bridgeport Hydraulic Gs Brit Col Pow Corp A (t) 37 38 20 27 28X 27X 534 28 Bklyn-Manhat Transit r r $6 preferred series A (t) Bklvn A Queens Transit com.it) $6 preferred.. (t) Brooklyn Union Gat. if) Buffalo Niagara A East Power $1.60 prior preferred 25 $5 first pref r (t) Cable & Wireless, Ltct Amer dop rec 7 34 % A ord—£1 Amer dep rec B ord £1 Amer deposit rets 534 % pref £1 Calif Elec Generating pref 100 Calif-Oregon Pow 7% pref—100 6% preferred series of 1927-100 6% preferred ... ...100 Calif Water Serv pref 100 Can Hydro-El Corp 0% 1st pf 100 Canada Nor Pow com (t) Preferred 100 654 5234 6354 16 7054 1634 7134 54 % % 54 354 354 80 82 37 42 30 32 30 32 73 (t) Cent Arkan Pub Serv Corp pf 100 Cent Hud G A E com v c c (t) 6% preferred 100 Centra) Illinois Light 0% pf—100 Cent 111 Pub Serv $6 pref (t) Cent Indiana Power 7% pref.100 nentral Maine Paw 0% pref.. 100 7% preferred 100 Cent Ohio Lt A Pow 6% pf—(t) Central Pow A Light 7 % pref.100 Cent Pub Serv (Del)— 8234 17 19 8 10 62 64 73 43 1634 1834 IX IX 77 117 . . 5 3 Chic Dlst Elec Generat $0 pref (t) Chicago Rys partlc ctfs series 1.. Series 2... Series 3 100 110 Transp..—100 85 Olnc New A Gov Lt A Trac—100 Preferred .100 Cincinnati Street By ...50 90 Otncin A Suburb Bell Telep—50 69 —— 10334 3234 89 181 7934 82 84 6834 6934 49 50 26 70 Indianap Pow A Lt 034 % pref 100 Indianapolis Ry Co.. ..100 68 Conv pref $3.50 series 31 n Nominal, r (t) 34 2 8 5 25" 50 82 1 54 254 66 3 58 53 IX (f) Util, 7% pref common 154 34 4734 (f) .... 12 Jersey Cent Pow A Lt 7 % pref 100 0% preferred 100 534 % preferred ..100 6654 57 53 13934 140 55 14 1434 493 433 6 2X 7% 10T com 50 33 50 42 45 100 140 70 76 40 100 Keystone jPub Serv $2.80 pref—t Keystone Telephone— $3 preference ...50 $4 preference.. 50 Kings Go Ltg 7% pref iuu 5% preferred 100 Laclede Gas Light 100 5% preferred 100 Lake Sup Dlst Pow 7% pref__100 Lincoln Telep A Teleg com. .100 Lindsay Light com 10 33 17 19 ... 5X 5X 14X 1334 354 12 "134 Kansas Elec Pow 7% pref 100 Kansas Gas A Elec 7% pref..100 Kentucky Utilities, pref 4734 4134 10954 (t) (t) (t) Preferred (f) 150 60 x i8o* 100 A Kansas City Power A Light— (f) (t) (t) Southern Italian Superpower 1st pref $6 series B Kansas City Pub Serv com 1034 534 1434 _(t) a 14* com 55 5 26 (ti Jamaica Water Supp 734 % pf—50 etferson Electric (f) 90 5 —15 (fj $7 Debenture rights 6 50 1 100 Natural Gas Power pref $6 preferred 2X 1 Empire A Bay State Teleg lot Empire District Elec 0% pf—.10( Empire Gas A Fuel Co pf 8%-100 Preferred 7% lOf 634 7c preferred 100 34 Interstate lew 2 1334 (t) <*> 3 % 334 1434 interstate 834 71 (!) 12 B Warrants for class B 7X ft) Sale price, 3 $6 preferred International Ry v t c 100 International Telep A Teleg._(t) International Utilities A (t) 99 65 Class A full paid Elec Power A Light Corp s 38 $1.75 preferred $3.50 preferred. (Boston).. 100 Eighth Ave RR—See N Y Rys Electrical Securities,5% pref.100 Electric Bond A Share .....(f) $6 preferred (t) Canadian price, 58 Internat Ocean Teleg (guar) 100 Internat Power Securities com 86 67 ... Preferred Lone Star Gas Corp... 36" 54 90 2 10 ..... 2134 22 25 26 2334 2234 22 X 2534 Louisiana Power A Light $0 pf (t) Louisv Gas A Elec com 754 554 .....(f) Leng Island Lighting com (f) 7% preferred. ....100 0% preferred ..100 Los Angeles GAB Corn, pref.100 50 23"" 5134 45l 15 54 15 18 165 Tr" 29 7 Light....... 8 234 754 754 Ex-divldend. 1654 234 57 99 26 Elec Go 26 Mackay Companies 4% pref..100 Manhattan Elev Ry 7% guar 100 Modified 5% guar.. 100 25 24 1434 : 8 254 Market St Ry (8an Francisco). 100 6% preferred 100 6% prior preferred ...100 6% non-cum 2d pref err od__100 Masa Power A Light Assomat'n— 55 62 (f) ..... 48 654 654 Lowell Electric Lvnn Gas A 6y 100 100 Marconi lnt Marine Oommuni— Amer dep rets for ord shs £1 Marconi W lrel (Canada).......1 170 11 2 cl A Railway Go... Preferred 10 5034 434 1334 Louisville Common with warrants Common without warrants ... Preferred—... Warrants t Without par 4 7 234 134 54 1934 10c ▼ t c 5% conr partlc preferred I In London, 19 i°y Mass Utilities Associatea K Last sale. 72 (+) 5234 (•) $634 preferred $7 preferred 82 100 Interboro R T vot trust ctfs__100 Certificates of deposit........ Internat Hydro-El Syst A 25 81 154 com A 185 165 (f) Illinois Pow. A Lt. 0% pref 52 com Federal Water Service 100 value. (f) 50 154 23 2934 718 1 6 Illinois North Utilities 0%preflOO Ilium A Power Secur 1st pref.100 Illuminating Shares class A Indiana Service Corp.— 0% preferred ..100 182 80 78 % 5 ioo 100 $0 preferred 89 X 1234 .434 Fall River Gas Works Federal Light A Tr com t 6% preferred 105 32 Class Preferred (Ifl) _(+> Fed 8t A Pleasant Val—See Phlla Co 68 X 5 .... 50" 26 100 Hoiyoke Water Power Hudson County Gas European Elec class A 10 9X Option warrants IX Falrm't Pk A Hadd Pass Ry—See PhilaR Fall River Elec Light.. 40 25 81 5334 42 45 ...26 Idaho Power 7% pref 63 ... 80 5134 111 100 Essex A Hudson Gas X 34 2o com Haverhill Elec Light zo Hestonville M A F—See PhilaRT. ... Chris A 10th Sts RR—See NY Rys Cincinnati Gas A Electric pref 100 (t) Hartford Gas Preferred 78 $5 convertible preferred (t) $63* pref (with warranui)__(t) $6 preferred (t) X X .............. 26 98 58 67c preferred .100 Empire Power Corp partlc stk $6 preferred Engineers Pub Sorv mm_ 1* 55* ... 56 53 2434 2934 110 ..100 Eliz Consolidated Gas Pref partlcctfs............ (t» Ctfs of deposit 67 El Paso Electric (Jo (Del) 10 63 54 Hi . 75 $0 preferred series B Eliz A Trenton RR Preferred 60 (t) 50 . 6% preferred 65 Eastern States Pow Uor com(H)( c $7 pref without warrants (t) K 3734 $5.50 pref. ............. Hackensack Water 26 Preferred 26 Hamilton Gas common v t c 95* (t) X Chic City A Con com part ctfs.(t) 5834 62 X (t) $7 preferred $6 preferred Optional warrants..... 34 X .... 36 WaterAGas0% pf_100 Gulf States Util $0 pref Havana Elec Ry com 39 100 k 434 % prior preferred IX — 4134 106 §734 59 9734 preferred Elec Power Association 71 Ohes A Poto Tele of Bait pref.100 102 100 (t) 100 $5 42 7 % preferred 6% cum pref (without warr)_100 Central States Pow & L $7 pf (t) Cent Vermont Pub Ber $0 pf (T) A* 40 34 Conv stock Edison Elec Hlum 102 1 62 9834 (T) pref .... 9 100 io"~ 63 81 45*' 44 X 1 ... 6% preferred Eastern Util Assoc 100 234 Corp $b 100 41 60 <♦) RT Gold A Stock Telep (guar) 100 Green A Ooates—See Phlla R T. Duqnesne Light—See Pblla CoEastern Gas A Fuel Assoc's— 39 24" 4434 934 234 X 3 ... 100 ... 1 Corp 100 100 6% preferred (t; Gas Telephone pref Cumberland Oo(M«)P A Lt pf Cunningham Nat Gas cl A Dallas Power A Light 7% pref 6% preferred Dayton Pow A Light 6% pref Derby Gas A Elec $7 pref Preferrpd «orie* —(t) 1 100 Cincinnati (f) X $7 preferred Chicago Rapid Transit— Prior preferred ▲ preferred 1 com Elec 6% cum pref series D 100 534 % preferred series E 100 5% preferred series A 100 Consolidated Gas (N Y) cora__(t) $5 preferred (r Oonsol Gas Util class A (f) Cons Trac of N J—See P 8 Corp Cons Trac (Plttsb)—See Phlla Co Consumers Gas (Toronto). 100 Consumers Pr (Maine) pf 0%_1OO 6.6% preferred —....100 60 (t) $7 prior pref Centra) States ...— 21 7% preferred Vot trust ctfs common... (t) .26 Connecticut Ry A Lighting— .100 Preferred .100 Cons Gas E L A P (Bait)..... if* 2034 9754 2354 4234 1 Cent A 8 W Util (t) Preferred B stock.. ..100 Adjustment stock 100 Eastern N J Pow 0% cum pref100 East Shore Pub Serv 034 % pf (+) 1 Cent Pub Utii Corp A preferred Eastern Mass St Ry com First preferred stamped 76 52J4 4034 134 134 934 34 Warrants com Common 1234 1254 Corp— Hartford Electric Lignt— $6 preferred (t) Oomiuunlt> Power A LightFirst preferred 0% —.100 Edison Duke Power A Georgia Power $6 preferred. German town Pass—See Phlla Greenwich 50 r 85 50 Detroit $6 preferred Class A 9334 6234 Capital Trac (Wash, D O)—100 Common 38 35 Carolina Pow A Light $7 pref (t) 84 X 48 $5 54 1534 15 (t) ._.(t/ (f) .—..(}) (ireen Mt Pow Cuban r 70 15 7% prior preferred 100 Oontinen Pass Ry—See Phlla R T 16 3754 9234 534 - 1254 7334 62 Oontinentai Gas A Electric— 6 33 .._(+) 12* 73 83 79 Conn Lt A Pow 5X % pref— .100 754 11634 11554 SIX 73 10 Connecticut Power ~7 102 -(f) a ordinary stock Corp.....(t) 77 Connecticut Elec Serv com 102 6434 38 if) $0 preferred 81 7% W4 Gen'l Public Utilities $7 pfd__it) Gen Wat Gas A Elec com A 1 S3 preferred it —...100 Community Water Ser Bid. Gen Public Service 5434 Columbus Ry PAL 1st pf A 6%100 Preferred ser B 634 % —100 Optional warrants 20 30 .. 5% conv preferred Delaware A Marlon 110 Columbus Co—100 Commonwealth A Sou Corp comt 19 99 r 100 100 100 10By §?* com Gen Italian Edison Elec Amer shs for Commonwealth-Edison #30 87 0% preferred —100 Baton Rouge Elec Co $0 pf—(t) Beaubarnois Power, com (t) 0% preferred series A 5% preferred ... 7% preferred 2 17 3 Class A...... ..........(f) Associatea Telep Util com A_. SO pref with war. Certificates of deposit Coast Co Gas A EI 1st pref...100 Oolum G A El Corp (Del) com (t) (Del) Preferred 7% Preferred 8% $6 cum conv pref ser $6 conv pref ser B 38 us AisociatedTeipA Teleg ($0)pref(t) (t) (t) Broad River Power 7% pref_-100 B'way A 7th Av RR—See N Y RyB Brockton Gas Light Co v t c—26 28 " 69 Preferred ............100 Oleve Elec Ilium common (f) X X X Assoc Telep Co Ltd $1.50 pf--(t) ' Class B Gen Gas A Elec 28 City Ry (Dayton. Ohio).....100 ;« pref. Atlantic City Elec, $0 pref Bangor Hydro Elec com.. 7% preferred 20 72 8* 2 3734 3134 Par. A Elec Light..-5( . 24"" (Indlanap) com..25 -1W) Stocks. Fitchburg Gas Florida Power A Lt $7 pref (t) Foreign Light A Power units. (t i Frankf'd A S'thwark—seePhllaRT Franklin Telegraph (guar) i00 Gas A Elec of Bergen County. 100 Gen Elec Ltd see Misc Stocks >. 234 IX 3X —(1; Original preferred..... 14 preferred.......... 15 preferred.......... (6 preferred.......... 16H preferred........ 17 preferred 18 lnt bear allot ctfs $7 first pref-.. 24 Citizens Traction—See Phtla Co. 1 com.— 7% preferred Citizens Gas Preferred 254 24 X Citizens' Pass Ry—See Phil R T. 81 3634 30* (t) preferred 75 (t) 100 Ask. 234 2 Arkan A Me Pew 7% pref 100 Arkansas Pow A Lt $7 pref—1 6% 10 ....100 Bid ix 254 —10 Associateu Gas A Elec Common class A ..............100 B Preferred BB 1 (t) com 1 Cities Serv Pr A Lt SO pf 19 SO 1st preferred (t) Appalachian El Pow 7% pref.100 Arizona Power 7% pref 100 Preferred Par. □Itles Service com Amer Superpower Corp com First |6 preferred—.......(t) Class A Stocks. Alt. .... PUBLIC UTILITY 86 STOCKS Quotations for all securities are as near as possible for the closing Par Stocks. Meiupais Natural Gas Memphis Potter A Light 7% Metropolitan Edison Oo— (t) pf(+) Pacific 3% Utilities if) (t) $6 cum pref without war Midland Ucll 7% prior lien—luu pref Peninsular Telep Co com 28% 89 8% 52 25 It) Phll&Oo PhilaOo Monon-West Penn P 8 7% pf-25 Montreal L H A Pow, Gons.(t) Montreal Telegraph 40 Montreal Tramways, csm 100 Mountain States Power, com.(t) preferred Monongahela L at P—See Monongahela 8t Ry—See preferred 7% preferred com—a; 8 58 ... ...100 com 100 Preferred 100 Consolidated Gas. Brunswick Light— 59% 100% 15 57 62 102 105 100 Heat & Power El Assn— preferred stamped New Eng Gas A (f) (t) Assn com preferred New England Power. Oo. prel New England Pub Serv com 1001 1001 (t) -—it) 7 prior preferred-. red (t) 17 preferred 36 preferred $6 convertible preferred 16 prior pref -(t) New England Telep A Teleg__100 N Eng Wat L & P Ahbo 6% pf.100 New Haven Water 50 N J A Hud Rlv Ry A Fer pref-100 Now Jersey Pow A Lt 16 pref(t) New Orleans Public Service— ~ 8* 10 33 * 34 50" 97% 99 17* 1 19 6 ly* 7% 6 7% 6 15 17 93 95 56 62 64 87 63 % 66% 23 14% 14% 55 72 56 30% 50 liH 31% 57% 17 14 So Jer 101% 102% 4 7 o§* 41 116 48 52 57 63 13 15 ......——6U 19 22 City Pass Ry ($22% pd)60 PhUa A Darby Pass Ry—50 Phil A Gray s Fy ($25 pd)—50 Philadelphia Traction 50 Ridge Ave Pass ($2$ pd) 50 2d A 3d Sts Ry guar. 60 13th A 16th Sts Pass Ry 50 Union Pass ($30 5-6 pd). ...60 Union Traction ($17% pd) —50 57 60 12 15 24 28 25 28 80 87 80 85 87 90 55 60 5?* 62 10% 25 Phlla Traction—See 68 69 Piedmont A Northern Phlla R T. Ry.. —100 35 43 78% 79% Portland Gas & Coke. 7% pf--100 20 22% 19% 75 $7 non-cum preferred Postal Teleg (t) Pulton iferry.100 B'way A 7th Ave guar 100 Christopher A Teuth Sts.—lOO Blztb Avenue old 100 Twenty-third St guar—_—100 N Y A Queens El L A P— Common.. —(t) — 100 Preferred..— NY Steam Co- (t) Common $7 preferred ser A (t) $0 dividend pref (t) N Y Telephone 6H% pref—100 N Y Water Serv 6% pref 100 Niagara A Hudson Pow ......10 Option warrants A— Option warrants B Option warrants C North American Oo com IT) preferred 50 North Amer Edison $0 pref—(t) Nor Amer Gas & Elec A (t) North Amer Light A Pow _ 1 $6 preferred (t) Nor Amer Utility Sec— Com.(f) Ntr Boat Ltg Prop com ......(f) 6% ..100 Preferred Util com—..100 0% preferred., ...100 y% preferred -100 Nor Indiana Pub Ser 0% pf.,.inn 7 % preferred 100 IiH% preferred 100 Northern N Y Util pref 1UU Nur Ontario Power Co 6% pref 100 North Continent Nor States Power 7% preferred (Del) com.. 100 North West Util 0% preferred 99 % 28% 5% preferred 31 108 % 109 97 118% 39 % 3i -. 16% 42% 68% % 1 43 % % 10 uebec ueens adio Corp of Amer 14% 15% 2% 5% 2 4% 111 40 67 41 68 77 79% pref .100 4 A Bridge 4 % cum pref Ottawa Light Heat Preferred 100 A Pow... 100 100 Ottawa Traction 100 Pacific A Atlantic Tel (gu) 26 Pacific Gas A Electric ...25 First preferred (0%) .26 First preferred (6 %%) 25 t Without par value. (t) 31 14% Council Bluffs Railway $5 prior preierred 85% 80% 7 66% 83% 6 85 7 90 101 103 5 (t) 7% cum pref A .50 5% cum pref B (t) Rap Vran St Ry—See P H Corp. Rhine-Westphalia Elec Power— Amer shares representing com. Rhode isl Pub Serv pref Class A it) -------Jt) 195 * Last sale. .- . i <7 % st pt Third tiy (N Y) luu Toledo-Edison pref A (7%)—100 100 100 6% preferred 5% preferred 23d 8t Louis 110 11% 11% 77% •14% 14% 76 16" 16 79 68 72 60 65 16% 6% 17% 7% 87 —...(T) 7% Preferred it) Sangamo Electric com... (t) 36 35% 117% 103% 93% 114 101 91 38% 62 65 53 56 101% 9 | 15 • 17% 62% 104% 9% 17 18 64 37 7% 38% 30 30% 7% 12% 25% 16% 26% 45 76 85 76 6% 87% 77% 68% I"% preferred 100 5 28 26 87 90 102 101 103 100 (t) 109 110 1% preferred Union Gas (Canada) 98% 82% 100 5c Uurp United (t) (t; $3 cumulative preferred Warrants United Gas A Elec(Conn)pref 100 United Gas A El of NJ 5% pf.100 United (1) (t) Gas Corp com $7 pref series A United Gas A Impt vot (' ,_(1 $5 cum pref (non-vot) com preferred Electric 7% pref 100 x $7 $6 preferred U mi wen Pwwer A (t) L* Scranton-Spring Brook Water Service.6 % jpf 31 Ol A Non-voting common Class b vtc.-_- — — 51 2% 60% 2% 41 $6 100 15% 98% "2% 4% 13% 14% 19% 21 76 78 66 .... Vi 2% 8% 4* 10 (t Wash (D O) rty A El com Preferred. 73% 76 10C 1001 preferred Virginia Pub Serv 7 % pref 6% preferred Washington (D O) Ga 35 40 SO 35 —20 100! - ..1001 61 300 94 '■mm mm 24% 73% 25% 72 100 100 85 89 43 43% Penn Elec Co Class A., (t) 64 65 Union Teiegrapn 7% cum preferred ——luu 0% cum pref 100 West Penn Power 7% pref—100 - (t), 100 r 100 Corp7%pf 100 6% % preferred Wisconsin Telep 7% pref 100 York (Pa) Railways Preferred.50 7% preferred 32 s Sale price, 15% 97 .1 (t) ......1 7% cumul pref VIrgfnla Elec A Power 98 6% pref.100 47 n (t)| Winnipeg Elec Co.... Preferred 6 Hcranton Electric $0 pref——_(t) —( Utica Gas A Wisconsin Pub Her Savannah El A A B Wisconsin Power ALfght 0%pflOO 89" 5% 33% 1% 76 United ill Co of New Haven.. ( 35c 7% 5% 32% 1% 58% Warrants oreferred 100 West Phlla Pass—See Phlla R T. 5?* 5% 6 Union St Ry (New Bedford)..100 Union Traction—See Phlla R T 6% 10c 4% Union Pass—See PhUa R T 78 r Canadian price, 70 6 100 78 100 n.Nominal, 81 67 4% Western Power Oo pref 76% 17% 21% I In London, 79 9% Washington Wat Pow 6% pf _.(t) Western Massachusetts Gos_-(t) Pow pf A 7%—-100 100 preferred 100 (t) 48" 38 Y Railways Rardd Transit ft) Common 66" — 51* 45 100 102 Sau Joaq L A 7% prior prefer re 15* 11* 67% 75 7% prior lien— 80 78 35 wj* 70 Preferred 27 Union El L A Pow (111) 6% pref.. Un El L A Pow iMo; 0% pf._100 90 Pub Serv— Common ■ 24% Street—See N Twin City Western Louis 81 95 10 Teleg 45 77 1 (t) Trl-State Telep A Preferred West - 1«*0 Avenue 84 100 100 .100 County Water pref.100 > 7.2% 1st preferred 100 1 si preferreu (0%) !»•<) 5% cum lot preferred 100 Texas Power A Light 7% pref.100 0% preferred (t) 42 0% prior 21 Tennessee E 23 0% preferred series O 0% preferred series D Roch Telep *6% pref :j 44 75 79 Twin States Gas A Electrics 25" 17 "Ry—See Phlla Co 100 preferred--luu 100 100 --(t) Telephone Bond A Share Co— Class A (t) 7% 1st preferred 100 T St It Syracuse Ltg 0% 0%% preferred 8% preferred Tampa Elec Oo B..1UU Rochester G A E 7% pref 5 35 Swiss American Elec pref Ridge Ave Pass—See Phlla BT. Riverside Traction • 50 Preferred 50 72 B* Power common -(T) Borough GasAE10%pflOO 11% 24% 4% 4% 72 -100 (t) (t) 28% 22 k Sub m 10% 26% 10% Class B 0% cum. 1st pref Utah Power A Light— Pub Serv El A G $5 pref m 10 (f) com United Lt A Pr 34 19 Lt a 18% 32 61 Pow Standard 16 32 75 23 43 16 33 70 23 22 100 - 0% preferred 100 7% preferred '--100 Public Service of Okla 7% pref 100 7 31 59 22 Public Service Oo ef Nor 111— 60 Common mm Sprlngf (Mass) St Ry Cos pf__100 Standard Gas A Elec com...—(f) $7 cum prior pref.. —it; S4 cum preferred (t» $0 cum prior pref (t) 7% 110 m 31 1 26 170" Puget 8d Pr A Lt 16 pref 4 ' 57 .25 — 165 6% preferred--— "i S 1 109 Omaha A - - So Jersey il* ?* - Rapid Transit St Ry Co. —100 Gas A Elec Trac..100 71 Telep 0%s pi_100 Northwestern Teleg (guar) 50 Ohio Edison $6 pref (t) $7 preferred (f) Ohio Power 6% pref .100 Ohio Public Serv pref A (7%)_gv\ 0% preferred .100 Oklahoma Gas & Elec 7% pf._100 Okla Nat Gas Corp new ---100 prior pf.—(t) 97% $6 preferred ----IT) 119* Public Serv. Oo. of N.H. 50 P*-(T) Public Serv Ocrp of N J (T) 5% 8% preferred —100 % 7% preferred 100 6% preferred 100 4% $5 preferred.. it) 17 Consolidated Trac of N J—100 Public Serv of Ind 54 100 —100 pref—106 100 Public Serv of Col# 7 % 105 100 7% pref ,1'n , Providence Gas (free stock) --(T) Certificates of deposit——.— 110 100 7 % prior lien Corp of Canada com—(T) Preferred 62 Nirthwoot Bell 83 x 100 5%% preferred—-— Power 52% Electric 6% pref.. 100 Preferred 7% pref_.i00 ' B* 100 <1% preferred Nurtnwest Potomac Elec Pow 0% 72 pref.100 100 7% preferred Bleecker St A 18% A Cable 7% Potomac Edison Oo 0% 30 63 92 37 21% 1% (f; 120% 119 Springfield Gub A Elec pref Springfield (Mast.) G L Oo vtc it* 25 (t) Telegraph Telep pref.100 7 % pf-100 A Pr com A. .(t) Bell preferred 32% 87 .... 12 103 Light Corp $6 pf it) 7% ore ferred 100 New York Railways Corp— 7% preferred 1% 55 12 4 % 108 106 P 8 Corp El A Tr—See Free stock 102% 32% 60 % 10" (t) * Telep Eng 57 55 Southwestern Lt 40 14 N Y Power & U Southwestern 15 8 13 N Y Mutual New Southern Union Gas com 20 58 100 (t) 7% preferred Southwestern Gas A El 9 ...on —: — Southern Nat Gas Corp 22 West Phlla Pass guar 3% 100 122 Preferred 90 1 50 Preferred 32 62 mm -. r 26 South A Atlan Teleg (guar) 26 Southern Indiana G A E 6%pf 100 6 Phlla r Southern Col Pow com A Southern 13% (t) ——100 Preferred 65 92% 82% 29 60 Frandf'd A Southwark Pass.50 German town Passenger■ ..50 Green A Coates Sts ($15 pd).50 Hestonvllle M A F com 60 51 80 Southern Canada Power.. 70 Haddlng'n 21 7% preferred series A ..25 $0% pref—(t) pref 25 22% 18 Falrm't Pk A 20 22 16 14 Monongahela Lt A Pr———50 Monongahela St Ry_-_-~50 Phlla A Darby— See Phlla RT. Phlla A Grays—See Phlla R T. Philadelphia Elec Oo $5 pref—(t) Phlla Elec Power 8% pref 25 Philadelphia Rapid Transit 60 7% preferred -60 Citizens Passenger guar.——50 Contlnen Pass Ry (129 pd)—60 16% 17% 16% 17% 18% Sou Calif Gas Corp 91% 80% .ldU -50 i Sou Calif Gas Co 0% 62 $6 cum pref IT) Allegheny Traction oO Citizens Traction 50 Consolidated Trac pref——60 Duquesne Light 5% 1st pf_100 Federal St A PleaBant Val—25 110 54 100 Newark 6% J5 preferred % cum preferred 2 11 —no par ■ New Eng Pow 108 100 '+v Power. 7% 1st pref. 100 preferred $6% Corp $7 pref (t) Participating class A stock.(t) Penna Gas A Elec Co 7% pref-100 Pennsylvania Pow A Lt S7 Pf-lJ) $6 preferred.. i O) $5 preferred —— >t) Pennsylvania Water A Pow—.(t) People's G L A O (Chic) ---100 Phlla City Pass—See Phlla R T. Philadelphia Co com AT) i 1 4 5%% preferred series O 25 6% preferred series B......25 2% 57 Penna Gas A Elec 100 Nebraska Nevada-Calif Electric New 65 100 , ... Natlunai Power A mum Sfl 37% ... 1 60 1% ——# OO CO Lt— A South Calif Edison common—25 7 4 Warrants Warrants B 42 60 pref Warrants................... 70% 55% Penn-Ohio Edison- Second 7% pref(t) 22% 40 pf--100 —100 Sixth Avenue— See N Y Rys Somerset Un A Middlesex ir.IOO Southeastern Gas A Water A._(t) 7 5 68% 53% 100 Preferred Penn Central Lt APow$5 15 52 Power __(t) Water a Pr Ask. i 5 ity Gas a El 7% < Sierra Pac Elec Southeastern 87 100 (1)1 Paw tucket Gas (+)1 Tel A Tel Nassau A Suffolk 7% pref National Elec Power— 100 Bid. (N Y)—(t) 10 * 2nd A 3rd Sts Ry—See Phlla R T Sioux 7% 77% 112 Pari Stocks Second Ave RR Corp Sedaiia Water pref dUawlnigan 100 6% preierred Miss Power & Light 6% pref .. Mississippi Riv Pow 6% pref.100 Missouri Pub Her 7% prel 100 Mohawk-Hudson Power lstprf(t) 7% Preferred Mountain States 15% % 7% 76% 109% 102 Paterson A Passaic Gas A El. 100 100 preferred 83 14 IT) Pacific Telep A Teleg lien 100 7 % preferred class A— 100 6% preferred class A 100 Milw. Elec. By. & Light— 0% pref. series 1021 100 Milwaukee Gas Light 7% pref 100 Minnesota Pow at Lt 7% pf_-10u • % prlo $6 cum 82 - Common non-voting 1st preferred Middle Wear 32% Lighting Corp com—-ft) (t) 100 Preferred ($0) Pacific Pow A Lt 7% pref Pacific Pub Service— 50%; month preceding the date of issue. Ask. Bid. Par Stocks. (t) (f) B.. preferred series O S7 preferred series fb Ask. Bid. day of the x Ex-dividend. 69% 59 108 99% 3 9 75 66 108% 100 3% 9% 29% 34% 31 71 67 72 69 109 112 31 33 35% Under the heading "Industrial and Miscellaneous Securities" we include all issues which do not appear under the previous two headings, namely "Railroads" 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 "and Quotations for all securities Bonds. Bid. INDUSTRIAL Bonda. BONDS. 88 Ext at 6 4 % to 1934 F&A Boston Store (Chic) 5s 1938..J&J 100 Ronton J&D •7394 1st M 5s 1953 ser A 404 Abraham & Straus Inc— 104 1034 1014 68 71 1044 824 1034 804 Coll tr g 4a 1947 794 {AH Advance Bag & Paper 6s '52-J&D / 41 Aeolian Co 6s 1937 50 -- AJax Rubber 1st 8a at 1936—J&D / Alabama By-Prod 6s 1965- _J&J Alabama Mills lea 6 ^»a Aitu / Albany Perf Wrapping Corp— A&O 1st M coll tr 6s 1948 AlUs-Chalmers 53 6 394 20 42 25 684 73 16 18 Alpine Montan Steel Corp— MAS 1952.M&8 I* * k f debt 5o '48 * 954 93 103 87 80 1004 M&N L deb SS 94 '43-F&A15 5s 86 Canadian Cottons 6s 1940--J&J2 1004 105 J&J 45 25-yr aruar 5« 1956 __M&S Capital Administration Corp Deb 5s series A 1953 J&D 1114 Canadian _F&A Amer 99 82 A&O F&A 864 854 824 Colortype 6a 1942 Oyanainld deb 5* 1942-A&O Amer Ice Co deb 5s 1953 J&D Amer IG Ohem Oorp— Oonv deb 54* 1949 ——M&N 60 102 Amer 74 1024 • 75 96 964 84 M&N 574 American Piano 6a 1935 " 118 88 60 " 8 10 Clover Valley Lumber 6s to Certificates ol deposit Co. ateral 101 124 Armour gold 1939 estate Simmons gold notes Atl Gulf & LLardw W Indies 88 Refill deb 1937 ..J&J 1941-J&J 5s f 6a a 984 983 IV* 98, 76 1044 134 K'64 M&N k 73 59 1934 —M&N 64% notes 1935-———M&N 64% notes 1936 M&N 54% notes 1937-38 M&N 99 ijocomotive 5s iU4n 100 90 93 92 79 81 Works— M&N .. 4 1074 121 924 1084 Baragua Sugar Estates— v tan Petrol A y* a gu J&J / 1942 J & J Valve Bag Corp— Deb 6s x-warr 1942 20 1054 25 107 Bates F&A J&J 10 Beacon Oil deb 6a 1936 M&N Beech Greek C & O 6s '44--J&D Beneficial Conv Indus deb 6s Loan Beneficial Loan Soc 6a B 1939 Q-J 6a profit abare deb 1956.-Q-J Beth'm St 1st I & ref 5s 42.M&N Purcb money 5s 1936 J&J Purch money 6a 1998 Q-Feb... Penn-Marv Steel 5s 1937.J&J Bohemian (First) Glass Works— 1st 7a 1957 without warr..J&J Jfc 844 • — - - «» 100 35 Fox FranHseo 8ug 7 4* 1942.M&N15 Franklin Co Coal 7« 1951 J&J f Freueh Nat Mail 88 Llues 6s '52 Frick-Reld Supply 6s 1943.-J&D Gannett Oo deb 61 "43 ser A.F&A Garlock Pack Co deb 6e '39.A&O 19"" Gen Baking aeb 6 6-yr 6% 25 J&D 174 Certificates of deposit 15 19 J&J 28 31 Container Corp 1st 6s '46.J&D15 Deb 5s 1943 with warr__J&D Continental Oil Oo— 89 904 73 74 let us twin - Deb 5 4* 1937 M&N Roll & Steel Fdy— 1st M oonv s f 6s 1940 J&D 103 104 55 1094 1024 1104 1024 122 124 59 if 4* J* 964 974 934 96 Oorp— Crowell-Collier 6s 1939 85 warr 1940 A&O General Bronse deb 6s 1940M&N General Cable ns . _ 99 • 1074 27 30 2 5 158 814 92 1004 93 103 58 60 944 954 Deb 6 4s 1940 a f 6s 1948— J&D M&N General Motor» Acceptance 6% aerial notes 1936 M&S Crucible Steel Oo deb 5s '40-M&N 924 4.30% 4 70 4.30% 4 70 4.30% 4.30% 1064 4.70 105 764 5% serial notes 1938 M&8 M&S Rayon deb 6s 1948 Refractories w w_J&D 75 %3H 51 56"" fii 1024 104 4 1054 106 57 Oo— ltd M Income 6s w w '38-M&S 132 92 324 94" Certificates oC deposit.. 3en Vending 6s 1937 ..F&A Certificates of deposit 94 German Atlantic Cable 7s 1945.. German Bldg & LandBk 64* 1948 w J&J 1940.A&O] 92 74 1034 Oorp Gen Petrol 1 at 5a Ana 15 1940 ieo 4 70 Corp— let mtge e f 5 4* 1947 eer A.J&J Elec 3 4* 1942 opt F&* Gen Elec (Germany)7a'45_J&J 16 Gen"! Without warrants Oorp— 1940 with 5 694 Trans porta Gen Sti Cast 1st 5 vat 49 w Gen Theat Eq deb 6s . Deb 6s f&a F&A b J&D b System— Eq tr 4 4" 1935-'46 (yr)..M&8 b Eq trust 54s 1934 b len-jral warr.M&N M&N f 31 Crown Cork & Sea! Oo, Inc— 20-year sink fnnd 6s 1947 .J&D 105 Crown Wllamet Pap 6s '61-J&J 93 Crown Zellerbach M&8 ♦ 1934 Deb urowley. Mliuer & Co— Deb s f 64s 1937 96 1044 Continental Alliance notes Deb 5s 1952 ex warr Equip 4 4« 1942 Eq tr 44* 1934-45- 99 17 >ot—M&N '934 5s 1950 Deb 6 4* 1939 with 1014 2 1074 Consul Coal 4 4* g 874 36 *f 494 70 85 84 fk 5 48 50 86 93 9J 51 54 68 maturity818^ ^le^prlce^06 inclu(ies accruet* interest, k Last sale. I In London, inc 64s 1939..J&J Foreign Power Secur Oorp— 1st col tr conv 6s 1949 ser AJ&i) Amur Credit 101 854 J&D Foitis Ftsner Gen 12 93 */1024 20 104 85 */ *J 774 *f General Amer Tank Oar Oorp— 100 99 .M&» 12 Oosgrove Meehau Coal 6»o 1954Orane Oo 6% notes 1940 F&A 1034 194' General American Investors Lac— 10 M&8 1st *h Certificates of deposit 54% now* 1931 Certificates of deposit 10 t 1014 98 105 7 4* coll notes stamped 36-J& J OouhoI Textile 1st »b 1941--J&D Oonsol Tobacco 4s 19 ">1 s 574 1064 1004 . 65 12 Corp— 1946 . 60 Corporation 8ecur'*le- I1"— 5% serial notes to 1935—M&S 80 Bayway Terminal— 1st m 6 4» 1946 Certificates of deposit . 78 1st & ref 78 Gelsenkirchen Mining Oo— - Non-cum inc deb 6s '47-Bala Kubh Co ... / ... 934 38 Bank Framerlcan lud & Dev Uorp— Deb 74a 1942 _..J&J Laundries— Oonsuuioru 92 Mtge 1094 Oons«l Publishers, Inc— 75" 89 1194 Residential Follansbee Bros 5s 1947 mm m m tm Corp of Canada 44s 1959 Consolidated 50 69 924 Film Corp dsh «• 19tg,feA&0 Fownes Bros & Co 8s 1936 97 1 854 — 1014 994 Investment 7 864 A&O a ser Flour Mills of America inc— t^onv g «4% not«= 1946. 84 4 Consolidated F&a k Corp— Canada 484 8 11 20-year deh 64s 1948 .A&O 76 Farmers Mfg Oo 7s 1943 M&S / 35 Farmers Nat Mtge Inst 7s '63 \&U / 56 Federal Sugar Ref 6s 1933.-M&N fk 2 Federated Metals a r 7s '39..J&D 106 Fiat a f deb 7s 1946 J&J Flak Prlvat-BkiUerm'y) via 1948 1094 5 4 % notes'37 (Am parictf )M&N .-»» Players f 6s 1014 Commonwealth Subsidiary Oorp D»»h v 4» 194® \ Mt-S CoKr s 64% notos April 16 1936.A&0 Ootmol Mach Tool 7s 1942 J&D / 107" Kats Corp— 6s with warranto 1938 Without warrants. Ooinmen-und 644 / .M&S Jfc 1004 First Bohemian—See Boh G1 Wks 65 Conley Tank Car eq 54* 1934-36 75 Baldwin s 32 93 M&N notes f 6 4* 1935 J&J Comm'l Invest Trust Corp— Conv deb 5 4s 1949 -F&A tr Connor Lumb & Land 6s *41 M&N 57 Autocar Co. 1st 7a 1937— 54% / 944 Coll 64 75 8 f 5s 1942 65 94 Atlas Plywood Corp— Conv deb 5 4s 1943 Balaban & J&J / 33 Lmaa— - Atlantic Steel 1st mtge 6s 1941 Certificates of deposit. 1st 28"" Firestone Tire & Rub of Calif— 33 Cos Coll tr g 5s Ian 1 10/59 J&-» Atlanta Laundries 64s w w 1943. / dtiaullc f 6s 1943 74 J&J *f 29 1933 80 74 Arnold Print. Wks 6s 1941..AAO 72 Associated Oil 6% notes '35-M&8 H'34 Associated Rayon 5s 1950 ..J&D k 65 64% 26 Ij38 s 84 84 74 74 74 70 70 70 5 1st J&D Armstrong Cork deb 5s 1940-J&D Associated 214 6s series A O 1952 Ool Fuel & Iron 84 Commercial Credit— J&J opt 674 564 6s series A B 1948 Colon Ull deb 6s 134 10 22 7 4 Finland 53 1953 90 sinking fund 6s 1961 M&S k 824 Firestone Cotton Mills 6a '48M&S 1004 Firestone Tire & Rub(Can)7s 1937 101 66 AA series 5 oelaware— Oo—Real & 44s 15 J&J 68 11 / -F&A Colo Indus 1st 5s A & B 1934 F&A Commander-Larabee Oorp— 1950 B 35 ...J 1940- / 544 83 80 80 & 53 101 . Steel 6s 1931 ctfs.-F&A/ Horn Coal 1st 6 4a 193 J-J&D/ 7% notes 1931 _J&D/ 1st Q-F Q-M Q-J Q-F Q-M Q-J A 35 75 A 7s series 51 99 103 . . Eastern Famous 86 Inc— 7s series O 1959 7s ser ee D 1956 73 oi Bankers. " Amoskeag Mfg 6a 1948 J&J Anglo-Chilean Cons Nitrate— TVf, 7* 1046 .......M&N Antilla Sugar Estates— Income deb 6s 1951 ...J&J Co .. .. Clinchfield Coal 5s July 1 1935.. 1"8 34 54* 1943 ser Small series B. .A&o 1947. J&J 1940—J&J J&J 1044 32 & 75 524 82 4 574 534 68 15 1943 Bit Coal 4s _ Sink fund deb 5s 1942 a&«» jfc Chile Copper Co deb 5s Clearfield F&A/ Donner .Steel 7s 1942 I&J Dow Chemical 6% notes'40-F&A Fairbanks Morse & Os— Oo— f 5 4e 1942...- 92 106 1044 1064 99 1034 88 J&J / s 97 92 100 1034 83 J&J Income 6% notes Tool Pneumatic '40 op 10 _M&N Tar & Chemical Oo— Deb. f 6a 1949 «er A J&J 2 6s series B 1949.. I&J Dominion Textile 6* 1949-. M&S 924 European Mtge & Invest— 1st 174* 1950 ser A M&N / 35 1st 174s 1966 ser B F&A / 67 1st 1 7s 1967 ser O M&S */M84 Everlastik, Inc 1st 7s 1937.M&N 58 Fabrics Finishing Oorp— 1st m conv • f 6s 1939 J&J */ 5 884 1054 '40--A&O A&O 1940 Chicago Stock Yards 5s 1961 A&O 84 .... M&N15 ref 5s trust Domln Coal 5s OH & Refg Co— 1st & col tr 54a 1942...A&O Ernesto Breda 7s 1954 F&A 63 87 Oh lids Co deh 6s 37 '39.J&J / 62 J&J 1942 4s 7 92 106 Dominion Oanners 1st 6s "40 A&O Empire Lumber 6s 1945 1004 110 37 .M&N / 32 M&N / 32 ♦/ 32 Deb gold 6s 1940 ctfs ...A&O Amer Wire Fabrics i«i /■ '42M&8 1st 6s 1947 Ihlc Deb 6s 1944 M&S 1948 50 105 49 M&N 1044 J&J / 5 1104 Empire Chateaugay Ore & Iron— Coll 105 85 110 Inc— 7s 1934.J&D Couv col 5s 1947 104 80 1953-J&J k 1104 fund sink tr 1124 Prod Oorp— f 64* • Ohlc Jet coll tr ref g 4s Sinking fund deb 5s 1948--J&J 874 108 44% notes 1933 M&N 103 5% conv notes 1938 M&N Amer Sales Book 6a 1939—A&O 100 Amer Seating conv 6s 1930— J 57 Amer Service deb 0 4* 1934.. J&J / 5 6a ser A with warr 1944—J&J / 5 Amer Smelt & Kef 5s ltf*/—A AO 1044 diner Sugar Refg 6s 1937—J&J 1074 Am Tobacco deb 4fl 1951--F&A 994 M Dehen 65 60 f 6s Oct 15 60 A&G15 s Elk ltf4i--M&N As ist M&8 on) '35 coup 1st mtge sink fund 6s 1942.J&D 87 Eastern Oar Co Ltd 6s 1952.J&J 83 Eastern Cuba Sug 74s '37 M&8 */13 73 Chesapeake Corp— 85 Amer Kadlator deb 4 4* '47 M&N American Rolling Mill— Armour atoel Guar gold H'64 Amer Writ Paper ■ f 7-6« Central Ohapin-Sacks. 83 1949 J&J Am Mach & Fdy s. f 6s 1939-A&" American Meter 6a 1946.-J&J Paper— — Cedar Raplda M & P 5s Coll 5Hb Amer Type Furs Ueb a 6s Deb gold 6s '0<io 1949 Certain-teed International Carp— Oanv Internat 6« . 984 6s extended to Feb 1940 Amer Chain 5-yr 6s 1938 M 1st 103 99 744 Reutenbank— Driver Karris Oo^— Canadian Nat Steamships— 38 324 724 45 101 x .vi Donnacona Paper— 1st ti f 54* 1948 ser A iVA 38 Without warrants s 92~" 90 1st & gen m 6s 1941 ser A.A&O Cons Rub 6s 1946-.A&0 10 11 424 I HunluloD "7" 29 Oanad 8 7 404 Dodge Bros deb 6s 1940 Dodge Mfg 1st 7s 1942 Dold (Jac) Pack 1st 6a '42.M&N 103 5 iv»4e r>« Stamped (Mar '33 Deutsche Farm Ln 1004 1034 103 F&A Camaguey Sugar 7s ctfs 1942 Canada Biscuit 64* 1940—M&N Canada Bread 6a 1941 F&A Can Oemeui 1st 6 4* 1947-M&N Hts V a» 11 n bank ^Berlin)— 6% notes (Am part ctfsi 70 J&J Y&x 104 1034 Deutacfie By-products Uokc 102 American Beet Sugar Co— rionv s f deb 6« 1036 Amer 53 58 40 ..A&o f 7s 1937 Deb 6s '43 1st "Muver 37 M&N 104 Detroit Times serial 6s 1934.M&S serial 6s 1935 to 1943... M&8 Aggregates Corp— ser A with war_F&A s Amer 1st 54 60 45 Canada Amalg Laundries 6Ha 1936.M&S / 4 Amalgamated Phos 6s 1936.F&A 1004 Amalgamated Sugar Go— 1st 52 57 **"■ Uurp— M 64a 1945 ser A California Packing Oorp— Pack a f ob 1946 -.J&D Sink fund deb g 54* 1937 A&O Bardeleben OoaJ Oorp— 1st mfcim 6s 1963 ..J&D Certificates of deposit f Deep Rock Oil 7s 1937 M&S / 54 48 34 93 50 De 214 464 Calif Pet deb 54* I&38 Oonv ■ f deh 6» 1939 814 1024 Aluminum Ltd 98 534 204 Ask. .... Uudahy 174 15 96 52 J&J '6ft Bid. I J&J ♦/ 34 Cuban Amer Sugar 8s 1936.M&S 90 Cuban Tobacco 5s 1944 44 J&D 96 16 A&O Cons deb 5s 1940 31 lstsf 7s 1955 Aluminum Co debs 5a 1st 4s 1952 1st 31 954 6s 93 1014 944 954 bonds. Bonda. 12 J&J f extl 6s 1940 s defaulted Cuba Cane Products— Deb 6s I960... Butterick Pub 64s 1936—M&S MfgOs— 1937... ——MAN Deb gold 15-yr Uons g 6s Jan 1955 Bush Term Rid** 1st and Ask. Wain (Copenhagen, & Bush Term 71 J&J WiriHoi M 1I|n6 4s '34 A&l any i Certificates of deposit.... Bridgeport Brass— * ; Couv deb 64a 1939 J&D Brown Oo 1st 5 4* 1946 A&O 1st 54s I960 ser B._ M&8 Budd (E G) Mtg 6a 1938 F&A durajelhter 654 Alberta Pacific Grain 6s, 1946 Algoma Steel 1st 6* 1962 A&O / Allied Packers deb 6s 1939—J&J 1st M & coll tr 8s 1939 81 46 Oo 3 4* Term 1947-Fa Boston Wharf 1st 4s 1941 A&O Bur _ Deb 54* 1943 with warr.-A&O Acadia Sugar 6s 1946 J&J Acme Cement Corp 6s 1935.F&A Acme Steel Goods 6a 1943-M&S Adams Exp coll tr g 4s '48_aldirt Bid. income month preceding the date of Issue. sf 6s— Borden Mills 1st Abbotts Dairies deb 6s 1942.M&8 Abltibi Pow & Paper— and possible for the closing day of the Ask AND ■ISOELLANKOUS interest" except where marked "f" are as near as n Nominal, r Canadian price. * Negotiability impaired by NOTICE.—All bond prices are, "and interest" except where marked Quotations for all securities are as near as possible for the closing day of k 101M 1940------A&0 65-M&S 35-J&D Globe-Wernicke 7s 1940----J&J Gsbel(Ad'f)6M% w w 36-M&N Godchaux Sugars 7 Ho 1941-J&D Debentures 6s Glen Alden Coal M s f4s Glldden Co 6 M % notes Good Hope St A fc 101M 28 / Ir Wks (Germ y > 62 60 M 104 M 84 M 104 84 & Rubber— u coll tr 5s 1957- -®®&> Gotham Silk Hos deb 6a 36 J AD ttsuld Coupler 1st 1 0s 1940-F&J Gsodyear Tire 98 M 91 ♦ 17 Otfs of dopoKits. ♦/ 35 *fk35 Ctfs of deposit Great Lakes Paper Co Ltd— 1st s f 0s 1950 ser A M&k Lackawanna Steel 30 A) 56 K Corp— Am shs_. JA.i 97 H M&S M&S 6s 1935 6s 1936-.fis 1Q37-'38 100 Publications 6%s,34-M&N 1943-'44 6%s 1945-*47 6 Ms 98 M&N M&N M&N M&N ----------M&N 6 Ms 1937— J&D Hoe (R) A Co 1st 6Ms A *34 Certificates of deposit— — — 7% notes 1934 A&O Certificates of deposit 94 83 0sA7-M&N (RM) Co 7s 38 F& Holland-Amer Line Hoitingshead Holly Sugar 0s 1943 Hsod Rubber 7s 1930--—Osnv 6 M % g notes 1936 * A&C 79 74 31 •/29 f 25 f 15 / 10 30 17 86" 74 H 73 k _ 85" 83 Hudson Coal 1st 5s 1940—MAN Smelt 0s 1935 1962 A—JAD 81 6% notes 44 26 ! 8M 16" 103M &( Disc A Exch Bank— Hungarian 35-yr s f 7s 1903 / 50 68 M 67 91M 13M 13 M 13 M 14 M f 13 M 14% 52 M 53 14% 14% 60 20 16% 17% 16% 82 Fam Lasky Corp— 20-vr.f g0s 1947— .JAD 88 Paramount PuDlix Corp— Sink fund 5Ms 1950 Certificates of deposit-. F&A */ 50% 50% 51% Parker-Young 1st 6 Ma 100 8 f s 14 66 —— F&« 58 59 59 61 17" 28% f '44 F&A / Transportation Co— deb 6s 1944 .AA«"> conv J&D 31% Deb 6s 1943 with wa* r *41-J&D 15 - §0% 102% warr_A&( Namm (A I) A 55 24% 24% 24% 61% 48% CT< UOURUilU US UO 44 6Ms 1937- [stifman Oeot Stores Sec Corp— L Col tr 5 % % notes 1936- - -F&^ s (eitb (B P; Corp tts 194rt .Mal 78 Celly Springfield Tire ) 6s '42.AAO 41 17 Potrero 95 6s 7s 43 JAJ 1942 Sugar •fk27% V51% 1947—MA 7% / 30 / 100 / 97 Price Bro« A Co Int. 0s '43 A. FA 4 Certificates of 95% 7s deposijb. _ .. /This price includes / 83 68 69 48 M New Engl 21 / / 1940 43 57 99% 96% 10-yr 5M % ■ f 10-yr s f 5M % 14 16" Quaker City Cold Storage— 1st 6s s f 1951— I 26 f / \f accrued Interest, t Dock Oo- k Last sale, n Nominal, 98% 46 100 12 15 2 35 45" Reliable Stores Corp 6s '37 62% Reliance Mgt 49 Remington Arms 6s 1937—M&N Remington Rand. Inc— Deb 5M« 1947 with warr.MAN 102% 102% Series 24 30 60" lol" 97% 91% Quaker City Tank Line— 101% 5 Ms 1934 to 1936. Radio-Keith-Orpheum Corp— Part paid ctfs (for 6 % deb ai 1 k 30 common stock) 65% paid Debenture gold 6s 1941.-JA > */31 Railway Express Agency Inc— 4.00 Serial 6a *35-'38 (s-a)—MAS 48 102% 44 91 ---- 31 Laundry 6s 1936 50 N b Basis. Mtge 6s 1940 90 Pure Oil Co— 95 18 102% Nat Union 91 rotestant Church of Uermai 60 88 k 100% 31 100 Porto Rlcan Amer Tobacco— 15 7 64.25% 36 101% 74 80 J&-> A&C k 91 RR. Port Arthur Canal A Dock—See 60 Equip trust 6s Nov 1 IS 48 15" 11 108 Consol Collieries fis 1957 op Poor & Co 0s 1939 National Steel Corp— 35 30 . 107" 100 95% 1st gold 24 / 93" 89 a Pittsburgh-Westmoreland Coal lit a f g fis 1947 opt MAN 105% 94% 5s 1956 National Steel Car Lines- 100 60% f g 5Ms 1947-—.—JAD Pitts Steel s f 6s 1948 F&A Deb Conv J 100 48 MAP 1949 38 / 100 99% 99% 99% 99% Sink fund deh fiM« 1930 _J&|. 99% Equipment trust 5s, 1935 Pickering Lumber 0s A *40.-M&N ♦/ 12 / 7 Pierce Butler A Pierce 6Ms '42107% Pillsbury Flour Mills 6b 1943 A&O 1 17 Pine Hill Collieries 1st 6s 1942 101 Pirelli Co of Italy con 7* '52M&N 99% Pittsb Brewing 6s Feb 4 "49--JAJ Pittsburgh Coal Co— 99 Sinking fund deb 0s 1949.F&A Pittsburgh Screw A Bolt Corp— 102% 38 65 82 6s Pocahontas §1* 1948.-F&A 96 1952 94% 97% 90 / / 32 Phillips Petroleum Co— 85 65 Sou—See Mfrs Tr Co. / 59 National Fire Proofing Co— Deb s f 5Ms 1947 MAK f 6s s deb Conv Munson steamship Line- 1937 M Phlla A Read O A 1 fis 1973— JAJ 79% 104% 73 20 20% 90 Monnu Uoal—See Ohic lnd A L Mining 0s 1947—.. Monsanto Chemical Works— 1st s f 5Ms 1942 MAN Montecatlni (Socleta Gen lnd Minerarla. Italy >deh 7s '37 J&J Morris A Co 1st s f 4%s '39. JAJ Mtge-Bond Co 4s ser 2 '00. AAO 6a series 4 1933 —M&N 5%» series 16 1940 M&N 70% f / J&J Lines, Inc— 5M% notes 1934 A&O 5M% notes 1935 ...A&O 1st 2 Monroe Coal FAA w 55 56 78% 23 w Penn Greyhound 77 23 f 0s 1949 ■ Certificates of deposit Pennsylvania Glass Sand Corp— 81% 75 23 52 103 Penn Dock A Warehouse Co. 90% 77 101 1939 A&O Penn Mary Steel—See Beth Steei Pennsylvania-Dixie Cement Oori 1st m s f 0s 1941 ser A.M&S1' 91 53 98" 50% Penn Mary Coal 5s L'hold / 7% gold notes 1935 A&O / Minnesota A Ontario Paper Co— 1st 6s series A 1945 A&O 1st 0s series B 1948 J&J 1st 6s series O 1950— M&N fi-yr0% notes 1931 -M&S Secured 6s • 100 96 (Consol Co)— f 5s 1953 ser A M&* 48% i ft? 11 CO eurnal of Commerce Larstadt (Rudolph) Inc— * / 1st 6s 1943 with Am shs.MAl1 / Certificates of deposit 52 84 Park A Tilford s f 6s 1930—J&D McCampbell A Co— 6M% notes 1937 McCord Rad & Mrg— Certificates of deposit.. 60 106% .... 52% 50% Certificates of deposit-- 1st 92 81 15 «/50% / 49 72 81 83 83 M 44% 44% Paramount J/40 I .J&D16 */43% f 43% 70 Nat Dairy Prod 6Ms ) .. deposit— 2-yr 0% notes Mar 15 '34 M&816 / 20 103 88 ■•ttta-Fraschini 7o 1942— 1940 90% Peabody Coal Co ^ • f 0h Paterson Parch Pap 6s 1938 J&D Path Ex deb 7s '37 with war Man Deb 6Ms 1937 with Murphy (G O) Co— 80M 79M k s Certificates of • Panhandle Dorp— 55 98 ) 1st conv 23% 53 101 56 M k Co of Amur— Deb g 5s 1947 with warr. Without warrants 92 100M ) n vestment 63 91 A..HSW JLVUU 76% 76% 75 K 40 90% S f deb 0 Ms 1943 with warM&N Palmer Corp of La 1st 0s 1948J AD k 100 Pan Arner Petrol Co (of Calif)— 58 JAD mtge s f 6s 1947 69 M 73% 100 Pacific Western Oil Co— 107 Marion Steam Shovel— M&f Miller A Hart Inc deb 6a *43.JAJ 1 / / [nternat Power A Paper— let M fis 1968 *A [nternat Salt g 5s 1951 qp__A&i International Securities Corp— Deb g 5s 1947 JA[ 6s series O June 1 1943 interstate Iron A Steel On— 18 122 59"" 47 35 95 '40 J&J Exp—See RR, So P Co Pac Fruit Mldvale Steel A Ordnance— 91 58% 45 Pac Coast Steel Corp 5s to 18 Parmelee 98 73 M 63 J&D Pacific Coast Co 5s 1946 72% 98% 16% 75M UB 99% Miller A Lux Inc lBt M. os'4o AAO deposit internal Mercantile Marine— 1st M coll trust 6s 1941—A( international Paper— !§"" a Conv s f fis 1930 Certificates of 99% 65 65 97 M — 40" 80 15 12*" 73% 70% 60 MAN J&U fk 34 5M« 1958 Extl deb Oswego Falls Corp 0s 1941. JAJ k Otis Steel 1st 6s 1941 ser A.M&S Pac Coast Cement 6s A 1942. JAD 93 [nternat IUVKU 84 MAS 16 Exti deb 0s 1953 Osgood Co deb g 6s 1938 90 75 10 72 Oriental De vel Co Ltd— 55 98 international Cement— Conv deb 5s 1948 K international Match Corp— Deb s f 6s 1947 ...N 52" 1939 with w J&J Oregon-Am Lumber 6s 1942AAO / 86% 127% 77% 48 w* 96 8 f 0M % notes 98% 7s 1934 M&S / Mercoants Refrig 6s 1937 Metropolitan Chain Properties— 1st conv. s f 08 1948 M&N Metropolitan Wat 8ew A DrainBoard s f 5M« I960 AAO Miag Mill Mach'y 1st 7s 1950-. Middle States Petrol 6 Ma 1945.. 65 J&D 5%s 1942 21 Oneida Community Ltd— Mengel Co Is 47 M 70 32 7 18 87% 54% 17% Old Ben Coal 1st 6s 1944—-FAA 69 106% Agricultural Corp— 1st A coli tr s f gold 5sJ stamped en to 1942 —A Okonite Co 94% 69 105M f JAJ / perpetual stock 56" 81 103"" f 6s O'Gara Coal 5s '55 op aft*08 MAS / Ohio Fin deb 6%a ww 1944-MAN 20-yr conv deb 6Ms 1950.M&N Mead (The )Oorp— 1st M 09 1945 with warr.-MAN 50 6s 1952. inland Steel 1st 4Mb 1978 1st m s f 4M» 1981 ser B [nterlake Iron Corp— 81% McKesson A Bobbins Inc— ::m 101 Lnd Limestone <nc mmmm 78% Nova Scotia S & G fig 1959—JA* Proof of claim filed by owner.. 42 M ■£•••: 90 102% 71 103% f -----JA. 99 53 16% 53% 93% 52 Liu* Norwegian Hy-Elec Nitrog Corp Ref & Imp fi%s '57 ser A MAN & 91 88 notes 1936—A&< Mfrs Tr Co ctfs of partic In McCrory Stores 5 Ms Hungarian-Italian Bank Ltd— Sinking fund 7 Ms 1963—AA( Hygrade Food Products Corp. not 97% 39 Eq tr 5s 1934 1939 (a-a) M&N North'n Elec Uo Ltd fis '39-J&D 66 97% Refrigerator Western A&< Massey-Harris Co 5s 1947--AAO 90 1937— 57 MAN Ctfs of deposit 14 100% */ 15 */ 10 modified Namm A Son 6s 1943 "46" 99 f / Humble Oil & K 5s 83 M 1st FAA 1934 Ctfs stamped k 108 (J L) Co— Hudson 55% 47% Nortn Manhattan Refrig 5%s 1941 J&J Mauafield Min&Bmelt 7s *41 (*w) / / Without warrants Col tr 6% Co of Texas— 10-yr sec s f 5%s Hudson Bay Mln A 36 Manufacturers" Finance Co— 88 Houston Oil 13% StpdOct 1931 coupon..-. */ 16 / 10 Certificates of deDoslt. 13" 82 k 90 31% 36% Deh 0Mf» Magnolia Petrol— Stamped modified coup on 90 JAD Equip 5s 1934-1943 is-a) Nitrate Co— 101% Deb 4Ms Feb 1 1935 F&A Manati Sugar 1st '42..A&U */16 15 Certificates of deposit —. 15 64 Eq tr fis *35-'45 lo-a>—MAN16 North Arner Cement Corp— 109 aO-w s f 0s 1947 Gold bonds fis 1951 25 59 56% Oar— North German Lloyd— Lukens Steel 5s extend 1955 M&N f lly° 78 s Arner 80 84 83 Hersney Creamery With warrants North - 88 103 85 f 0S 1940 B 4 With W»rr *40 MAP Nor Arner Refract 6Ms 1944. J&J / 112 —.FAA Little (A E) Co 7s 1942 AAO / 20 98% Loew s Inc deb 6s 1941 A&o Logan County Coal 7« 1942.MAN / 21 / 14 Long Bell Lumb 6s sjt A *42.J&J 14 6s series B 1943 A&O / f 14 , 68 series O 1946 —F&A f 120% 84" Lorillard (P) Co g 7s 1944..A&O 106% 5G. 1951 ..F&A 84 M 1st 23 Con 4s 1935-50 J&D Leipzig Trade Fair 7s 1953 -M&N / 50 LI boy McNeil A Llbby— 85 1st M s f fis 1942 AAO 126 Liggett A Myers g 7fl 1944.-AAC 99M 90 M&S 6%s 1935 6%s 1936 6%s 1937-'38 17 M 98 M ' 99% JAJ 78 Lehigh Ooai A Nav fund 4s '48 JAJ Cons s f g 4Ms 1954.. -.JAJ Cons s f 4Ms 1954 ser O—JAJ Lehigh Valley Coal— 1st A ref fis 1944 F&A 1st Aref 5s 1954 F&A A ref 5s 1904 F&A 1st A ref fis 1974... FA' Sec 6% gold notes 1938 J&J Lehigh & Wilkes-Barre Coal— 100 39 15M / Hearst Magazines— Hearst 59 M 95" 88 5-year 5% notes 1930 AAO Hawley Pulp A Paper Co— 1st 0s s f 1946 -.—-J&J f 8s 1938— 79 69 with war for Hartford Times 0s 1943-- - FAA Hawaiian Pineapple Co Ltd— Haytian Corp income 88% 95 88 13 20 warr.M&N 1st conv 6s 1954 with war.. JAJ Lawrence Portland Cement CoDeb g 5 Ms 1942 AA< 100 % Co deb 0s 34-FA/1 Hsnsa Steamship Lines 10-yr 0s 1939 with warr.-AAC 08 Lautaro 75 New York Trap Rock Lake Superior Corporation— 1st A coll tr gold fis 1944 JAF / Lane Bryant Ino— 8 fdeb 6s 1940 with 83 N Y Shlpbldg 1st 103% 100% 106% 5s 1950—MAt 83 73 5s Nov 1 '46— Corp— ...JAr f 7s 1936—-JAD 107 v is% 72 43 93 80 MAN Extended at 6% to 1943 99% Debenture 85M 105% 96 1st 0s ext 6M% 1942 N Y L E A WD A I 1st 01 96 NYLE&WO& RR— 103 100 84 M 20 65" 63 99% 92% '46.-JA. N Y A N J Ferry—fis 66 106% ;i _ Kreuger A Toll class A ctfs of dep for secured 5s 1959--MAS Kroehler Mfg deb 5 Ms to *38 J&J m N ¥ A Hob Fy fis May '40--JAD Hoboken Ferry fis 1940--MAN 98 100 & 99 40 f Greyhound Corp 6% notes 1938-. / 24 Grigsby-Grunow conv 6s 36 M&S 18 Grocery St's Prod deb 5s 44-M&S k 105 M Gulf Oil of Pa deb 6s 1937---J&D 105M Sinking fund deb 5s 1947—FAA Gulf States Paper Corp— 85 1st s f 0%s 1943 with war JAE 88 Gulf States Steel deb 5%s 42 J&r HaU (F W) Printing Co— 78 lit m A col tr 6 Ms 47 tut Mftk 105 s eq 1934-J&D Hamb-Am Line 6 85 5 to 1940.J&D Eq trust 6%s 1 Harpen Mining Jal JAJ Kresge Foundation 6s 1930- JAI tresge (S S) 1st 5s 1945 JAI 97% 98% ■ 99% 85* 94 A ooll tr 0%s 1930—JAD A coll tr 0%s 1937—JAD N Y A Foreign Investing CorpDeb 5%s 1948 with warr_J&D 102% f fis 1947 0 f dob 5Ms 1950 ueb m 1st 55 m 1st A coll tr 6%s 1934—JAD A coll tr 0Ms 1935--JAD m 1st Wire 8s 1941 A&O tlmberly-Clark Corp— 1st mtge 5s 1943 ser A JAJ Kinney (GR) Co 7Ms 1936-JAE Kirby Lumber 0s 1938 JAJ1' Keholyt Corp 0Ms 1943 MA8 / toppers Gas A Coke Co— 99 % 95 15 1st mtge 1st 66 xsystone St A 79M k 102 M k 8 f g 7s Oct 15 1945—A&Olf Goodrich (B F) 1st 0M" 1»47-J&J Deb g 6s 1945-----J&D Htoiit N Y Evening Journal— 93% 93 5Ms with warrants 1948. .MAS Kentucky Rock Asphalt— 6 f 6 Ms 1930 JAD Keokee Cons Coke 5s 1959—JAJ ■ 70M k Ask Bid. Bonds. Ask. Kendall Co deb A— Safety Razor— GiUette "f" and Income and defaulted bonds. the month preceding the date of issue. Bid. Bonds. Ask. Bid. Bonds. V BONDS INDUSTRIAL & MISCELLANEOUS 88 r Canadian price, fis s Sale price. '89-'49 (s-a)—.MA" Corpfis 1964 A&O FA A —- 35" 4.25 80 76 102 M 88 103 89 M * Negotiability impaired by maturity. June, 1934 ] INDUSTRIAL & MISCELLANEOUS BONDS 89 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. Bonda. Bid. Rspub Gas Oo (formerly Saxet Oe) 1st lien coll As 1946 JADlft Certificates of deposit /* 3434 99 Republic Iron & St'l 6s 1940 AAO Kef 4 gen 6 His *63 ser A JAJ 8034 Republic Motor Truck Oe, Inc— 43 Deb 6Ks 1937 with war _JAJ Restigauche Co Ltd 6s 1948 / 74 Revere Copper A Brass— 9934 1st inc 6s July *4S ser A Reynolds Invest 6s 1948 48 AAO Rheineibe Union 7s 1946 4434 JAJ Rhlne-Maln-Danu be 7s l»/inM4<54 Richardson A Boyn 6His *37-JAD / — Bonds. Bid. Stanley Crandall 6s 1946—.FAA 9tanly-Rowl-Clark 6s 1946..FAA 59 44 48"" 3634 3634 Van Slyke A Horton 7s 1938 Vertlentes Sugar 1st 7s 1942.JAD Certificates of deposit... 90~" Victor Fuel 1st s f g 5s 1953--JAJ Va Iron Coal A Coke 5a '49.MAS 75 WalwortM Oo 1st 6s 1945—AAO 4734 Ask. Rarrett invest sec 5s 9934 88 1947...JAD 38 itinnes (Hugo) Corp— Gen 7s '36 (without war).AAO fk 5134 7534 Stamped 9934 45 5534 5 - „ 1st 6s June 30 1943 100 JAD30 Roch A Pitts O A I 6s '48..MAN Rocky Mtn Fuel 6s 1943 Roman Catholic Church 0Hs 1946 Rom Oath Church Welfare 7s 1946 Rowntree Ltd 6s Royal Dutch Co— Deb 4s 1945 with warr Rueping (F) Leather 6s „ 75 ' 62~34 45 1937 10034 AAO 13234 1935 57 Debenture 6s 1936-1938—-A&0 57 Ruhr Chemical 6s 1948 AAO Ruhr Housing 6Hs 1958 JAJ Ryerson (Joseph T) A Sons— Sink fund deb 6s 194a /*3934 33 St. Clair Furnace 1st 5s '39-FAA at. Joseph Lead Oo— Oonv deb 534s 1941 MAN 100 109 78 Taylor-Wharton 1 A S tts '42M&8 1st A ref 734s 1946 Ser A„ JAJ 3934 Temple Anth Coal 0 34s '44-M AS */ 7 110 1st M s JAD / f 6s 1947- 7 9 75 80 Texas 50 101 60 A ref 634 s 1951 MAN JAJ 4934 6^ Stamped I Scripps (K W) deb 534* 1943 FAA * 36 40 36 Tobacco Deb ■ Shell f 5s 1947 50 Oonv deb 57 T 6s May 1 9934 9834 9834 69 100 9834 9834 MAN 9934 100 4834 Pipe Line 7s 1935 .—AAO 1940-— MAS f 534s 1953 A 5934 62 96 1043 9434 97 82 Packing Corporation 1st 6s 1937 MAN 1st 8 f 6s 1947 Southern United Ice Co— 6s 1947 JAD 72 AAO 18 18 634" 1938 AAO Southland Ice 6a ser A 1942—JAJ Dairy Products— 634« w w 1938 MAN Spruce Falls Power A Pap, Ltd— 74 23 Southwest * / Wlckw Spencer Steel 7s '86— JAJ Certificates of deposit—...... / Wlckwire Spencer Steel Oo— 23 8 Pr lien A coll 7s Jan 1935-MAN Certificates of deposit—. — 4934 10534 134 f 8 MAS */ 32 534" *39. 8534 Willys-Overland 1st 6)4s *33 MAS *f 50 Sec conv 734s 1932 WIeboldt (W. A.) A Oo. Wilson A Co 1st 6s 1941 AAO Wise (Wm H) A Oo 6s 1938- - JAD 105 / 20 12 99 1st lien 6 % notes 1937 Youngs* 8h A Tube— 1st m ■ f 5s 1978 ser A 1st m 5s 1970 ser B 49 79 11234 10634 84 34 5834 5834 Gutted industrial 1st 6s 1945.JAD MAN MAS I / UaltedSteamsUlp 6s 1937..MAN United Steel Works (Germany)— 8 F 6H« 1951 wfth warr-J^rD 81" „ / FAA / 28 46 JAJ AAO 82 82 h 105 113 EXCHANGE 21 90 Esch-Dudelange • No. La*t Salt 9 9 95 12 42 4234 Detroit Stock Ex— Ft Worth Gr A Cot Hartford Stk Exch. 60 62 Kan City (Bd of Tr) 35 43 Los Ang Stock Exch Los Angeles Curb Ex 46 Louisville Stk Exch JAJ 8534 serial notes 1935 MAS k 100 serial notes 1930—-MAS 97 serial notes 1937 MAS k 94 serla notes 193S—MAS k 9334 serial notes 1939 MAS k 91 serial notes 1040...MAS k 93 3-year 6% notes 1936 J&D 10134 U S TrucklngOorp 5 77 34s *43-. J&D United WaU Paper Fac 6s 1947 65 Pipe & Rati 6s '36.J&D 11X 8534 10634 Certificates of deposit-. Valvollne Oil 7s 1937 10334 104 Vanadium MAN mm 10134 — 3034 k Last sale, n Nominal, r 100 2,500 1500 tl.125 3,500 3.500 4,500 213 67 78 29 195 "150 1,500 Mlnn-St P Stk Ex. i/80 0O~,OOO New Orl Cotton Ex 500 70 206 3.500 Exch. lift Plttsb Stock Seattle Stock Exch I 16 Seattle Curb A M - Washington Stk Ex | Wheeling Stock Ex Winnipeg Gr Exch. s Sale price, u 2.500 l'.Soo "250 45,555 9.100 94 j Toronto Stock Exch Canadian price, 1,650 1,000 300 75 100 16 1,500 435 49 San Fran Stk Ex— 2.850 44 Salt Lake Stock Ex. San Fran Curb Ex. ,78 34 14 4,000 500 x90 65 20 9t Louis Exchange. m 6",500 2.500 1,250 523 21 New Orl Stock Ex. 79 7734 */ 10 6,500 3,500 5,000 PhUa Stock Exch— mmtmm. 6,000 800 Montreal Stock Ex. 9734 Corp. of Amer.— Oonv deb 5s 1941 AAO Van Camp Pack.—6s 1948-AAO Milw Grain A Stk. Minn Oh of Comm. 74 Valapar Oorp.conv.deb0s'4OFAA */ 13 */ 13 101 800 7", 500 Cincinnati Stk Ex.. Cleveland Stk Exch 42 16.000 5,500 22.500 Chicago Bd of Tr_. 1,549 Chicago Stock Exch u47U 50 41 Columbus Stk A B_ 12 Denver Stock Exch. 16 100 120 106 28 Baltimore Stk Exch Boston Stock Exch. Buffalo Stk Exch-. 11434 USA British Internet Ltd— Deb g 5s 1948 Man U S Finishing 5s 1939 J&J / U 8 Radiator deb 6s 1938—FAA 634% 634% 634% 634% 634% 634% 1,800 19,500 450 344 550 77 139 35 12 J&J JAD $96,000 N Y Produce Exch. 1,577 5934 5934 f 7t '51-AAO 10034 ' SEATS. N Y Stock Exch—1,375 90 4134 4134 4134 634s series O 1951 634s 1947 with warrants Universal 113 40 13 465 There 46,400 are 300 §1.000 7,000 7,000 470 memberships—of seats, 27 held by the Exchange, leaving 390 active memberships outstanding, t Sale July 5 1932. £ Prices of Wheeling No open market. Original price $250, now $1,000. If Book value. Membership of Ft. Worth Grain ex berships are fixed. limited to 90. Exchange buys certificates Negotiability impaired by maturity. 56 34 6134 5034 _ MAN Whittal (M J) Assoc Ltd 5s 1937- N Y Oof A Bug ExN Y Curb Exch /This price includes accrued interest, Exchange is 70 members. 8234 94 FAA 1942 Ser A Universal Winding Oo 7s *37-JAJ 1st m 534 s 1934-43 (s-a)— AAO Staley (A E) Mfg 1st 6s '42.MAS u, 90 10234 7734 — „ aa li Without warrants Deb ■ f 0s 1940 85 83 it 10 98 Wood (Alan) Ir A St 0s 1944.A&0 Woodward Iron 6s 1952 -JAJ 1st A ref 6s 1947 Ser A 77 J 93 Arefsf4348'53serB-A&o N Y Cotton Exch— 81 ? Basis. Su6 1st Whltaker Paper 7s 1942 MAN White Sew M 6s '36 with w_. JAJ 0 8 Rubber— 77 rw» 10334 MAS 1937 Wheeling Steel Corp— 1st A ref sf 534a 1948 ser A. JAJ United Steel Wks of Burbacb yr Cotton 534s 107 104 8 yr 1st 6s 1939 MAN Southern Advance Bag A Paper— Stand Oil (N J)deb 5s Nov 15 1946 Stand Oil N Y deb 434s'51 JAD15 Btand Textile Prod 634s '42 MAS 45 _ United biscuit of Am 6s '42- MAN Onlted Drug5s 1953 MA815 56 10334 10434 9434 JAD „ Western Newspaper Union— Oonv deb 6s 1944FAA k Westvaco Chlorine Products 10234 76 Smith (L C) Typewr 6s '39.MAN 534 25 67 50 96 10434 7s ctfs of dep 1937 54 Skelly Oil deb 634s 1939—MAS Smith (Howard) Paper Mills Ltd s FAA k 634% ctfs of dep 1937 6934 1st 1 coll 7s ser A 1937-MAS15 1st lien coll 634s '38 ser B_ JAD 1st _ . 99 10634 United Porto Rlcan Sugar Os 83 Simmons Oo 5s Nov. 1 1944MAN Sinclair Cons Oil Corp— m MAS M&S Deb 6s w w 1948 J&D Webster O&O 1st g 5s "42 en MAR West Indies Sugar 6s 1947..A&O W Va Coal A Co 1st 08 1950--JAJ Western Elec deb 5s 1944-.-AAO Deb 5s 1945 .—JAD 10234 Union Rock 1st 6s s f 1947—MAS / 18 Un TkOar eq434s 1935-36—AAO 101 Union Term Coal Stor 6a '39-FAA 85 179 da SlemansAHalske 10-yr7s'35__JAJ Deb g s f 034s'51with warMAS SIleslan-Am Corp 7s 1941.-FAA Snider 10 & 60 Witherbee Sherman Inc 6s 1944— / JAJ Deb 634s 1941 JAJ Shreveport-El Dorado— o 10 Warren Bros Oo— Oonv 8 f deb 6s 1941-.—MAS 98 MAN Union Drawn Steel deb 6s '50 JAJ Union Gulf Corp— Oolltrsf 5s 1950 108 (Jnlon OH Oo of California— 65 f 5s 1949 with warr.AAO Shults Bread 1st ex-warr fTlen A Oo deb 6s 1944 25 42 9534 f fls 1940.MAN s 10-yr deb 7s 1935 Pipe Line Corp— f 6s 1947 s 60 .... 47 1943—MAN15 034s Trumbull Steel Sheridan-Wyoming Coal Co—, 1st 10434 80 105"" Prod Oonv deb 5s 1979—....MAS / Coal Oo— 25" MAN Deb sf 6s 1952 45 Truax-Traer 58 57 5 77 5934 534% notes 1937 Wayne Coal Oo 6s 1937 Wayne Pump Co— 68 034 s 2022—MAN Traylor Engine & Mfg 8s 1936.. Trl-Utilities Corp— 8634 AAO Security Mtge 6s Sept 1 '45 ser E 6% bonds Apr 1 1946 ser F_ Seneca Copper 7s 1933 JAJ Servel Corp (new) 5s 1948—JAJ Bharen Steel Hocp— 1st ■ f 634s 1948 ser A FAA Bheffleld Steel 534■ 1948—MAS Shell Union Oil Corp— s 86 Ticonderoga Pulp A Paper 6s '40 Tietz (Leonard) 734s x'w '46 J&J 63 40 Deb 4334 25 10234 - 9934 6134 4834 1946 JAJ Stamped (July 1933 coup on) Guar s f «>4s 1946 ser B. AAO Scullin Steol 1st 6s 1941 ..MAR 1st s f 634s '36-.J&J Corp deb 5s 1944 AAO Oonv deb 0s 1944 ser B Tenn Prod JAJ Saxon Pob Was (Germany)— HI extl s f 7s 1945 FAA Gen 48 10834 Thermold Oo 6% notes 1934.FAA 6s stamped 1937-. 81 Louis Refrlg A Cold Storage— St L Rky Mt A P 6s *55 stpd.JAJ St. Paul Un Stk Yards 6s '46 AAO St. Regis Pap 0Hs 1934—JAD 6% notes 1937 Bchulco Oo 034 s Tenn Coal I A RR 5s 1951—JAJ Term Coper A Chemical— 102"" Warner-Qulnlan Oo— Oonv dieb 6e 1939 —MA8 Warner Sugar Ref 7s 1941—JAD Warner Sugar Corp 1st 7s *39 JAJ Stpd (July 1930 coup on) 1939. 9134 - Bt Leuis Gas A Coke Corp— 6s 1942 9034 634s 1943Studebaker Corp 6s 1942 Certificates or deposit 37 J AD 15 Ward Baking 6s 1937 fk 45 ..... 44 MAN 3334 J&D ♦/ 43 4134 Stuts Motor Oar 73}» 1937. AAO / 24 Sugar Estates of Orlente— 1st 7s 1942 ctfs of dep MAS f 3 40 Sugar Pine Lumber Co— 1st M serial 6s 1932-1942.MAS 40 47" Sun OU deb s f 534« 1939—.MAR k 10434 8un Pipe Line 5s 1940 AAO 10434 58 Superior Steel Corp 6s 1938.JAD 133 Susquehanna Silk Mills— S f deb 5s 1938 ——JAD / 20 Swift A Oo 1st s f g 5s *44 106 JAJ 69" 10-yr 5% notes 1940 MAS k 104 Swiss Oil Oorp"6s 1935 100 JAD Tait Pap A Col Ind 6s '34. 93 MAN 101 „ Stamped Straw bridge A Clothier— 1st s f 5s 1948 MAS Druthers Wells Titusville— 634 Warner Bros Plct 6s 1939...MAS Warner Oo 1st 6s 1944-...-AAO - M AN _ fk 48 A$k 2434 Deb 034s'35 ser A with war AAO Without warrants.. Itinnes (Hugo) IndustriesDeb 7s '46 (without war.) A AO fk 4434 50 Richfield OH of California Col tr 6o 1944 ser A MAN */ 3234 Otfs of deposit / 3234 Rlma Steel Corp 1st s f 7s '65 FAA f 5434 Rlordon Pulp & Paper Ltd— 107 87 Bid. Bonds. 4tern Brothers 6s s f _ _ 1950—AAO Heel Co of Can 6s 1940.....JAJ iteel A Tabes deb 6s 1943—MAR Ask in order at $450 when funds are available, x 90 Seats, 67 outstanding, y " 80 Seats, ' Quotations for all securities are as near as possible for the closing Par. Stocks. Stocks. Ask. Bid. American Mfg — 50 10U 170 14 58 ...lOO Amoskeag Mfg Preferred Preferred Class B_ Calhoun L,moc Textile Hoi. 25 9 31 28 8% preferred 45 10 65 C Fine Spinning Oo.-(t) % cum pref--100 Hlgel-Sanf Garp't- Berkshlrs ino. u Uoluuibua 26 K 83 27 Converse 100 M U (N 6 35 lUv Preferred 5 32 15 lij Preferred 45 Preferred 23 Pen mans. Ltd Drayton Mills 101 55" 25 57)4 20)4 23"* Enterprise Mfg (Ga) Erwin Cotton 6% pf 2)4 6 m mm mm com 9 Draper Corp 100 Dwlgbl Mfg (Mass) Parr Alpaca (Mass) IK 1 eanold M (N B) Preferred ... Notes B- HatQaway Mfg(NB m Preferred fill burn M 70 60 i adLabawu 17 K 17)4 Hanes (F H) Knit.5 7 % preferred Henrietta 7% pref.. 100 10(1 4)4 92 Imperial Yarn Narragansett Mills (F ft) loo NashawenaM t 1 1 5 I 001 38"" 13 3K 14 Co 25)4 79 30 81 Pilgrim Mills 50 53 72 25 73 15 12 17)4 Plymouth Cordage.. (Pruv >_l (NB) J Pewdrell A Alex.__t 100 Notes 65 Quissett Mills iJMB) i Preferred.. .100 Rich Borden Mfg do (P 80 B) _100 m 15 95 mmmm uk; 13 39 42 33 35 Sbawiuut v;ot Mills 60 27 )4 30 Stevens Mfg (F B). Preferred 55 43 Cotton Serial notes... 85 80 Mills Mills pref i Mollohon Mfg pref.. 65 87 75 Monarch OM(8C]l 66 71 lo« 20 92 12 16 18 25 95 75 85 Nat Yarn Mills 34 Newberry O M (SUB 65 r'lcaeusCot .viniBPiedmont Mfg (8 C) vi fg (SO) 85" 32 U) 7% preferred-.100 Perfection Spinning. F w 42" 80 7% preferred -« 75" 35 Norrls Cot Mills Orr (Jot M (SO).100 37 65 46 71 51 80 90 103 110 20 23 76 bajkou MUlo . -_AUU 100 Mfg 7% preferred Sibley Mf« 'Gai Preferred 8 58 American Yarn&Proc 24 85 40 48 20 25" 30 Anderson O M (SO) J Arcade Cotton Mills Milh 92" 35 40 6 100 Arlrwrlirht 25 Mills... Avondale Mills 12 5 15 Preferred 5 28 120 Beaumont Mfg 7% preferred 33 §5" In liquidation, (t Preferred Southern Worsted pf Union .10 .100 100 J Par value $100. \ n 98 98 97 X - Juneau . 18c Aloe Aoier 14 15)4 Newark. American 2.50 10 X Firemen's .5 6K 1 6 $6 preferred---.25 AuacninlaUupMIn 50 Andes Homier M.(t) Ariz Comstock 39 27)4 28)4 Gold Pan Amer Life -. _U 25 Carnegie Metals... Oerro de Pasco A Continental Corao 2.50 Fidelity-Phenlx 2.50 Globe A Rutgers..25 6 Oils! Mexicans..50c 1)4 Dome Mines Ltd.(t) 38 H 90c Eagle Bird Mine.. Eagle PIch Lead..20 Empress Gold Min.. Evans Wall Leau (t) 5 Assu 31 Federal M A «"»> .5 North River Pacific Fire 12 X 25 ...25 Ins .5 Stuyvesant 25 United 10 States.. Westchester... r Canadian price, X Falcon Lead 90 Libert*__ Northern 5 7% preferred.. 100 1 in 100 New York Rossla % ".- 50 Preferred 48 128 50c 5 iressoiiOouGMAM t 5 Merchants Firti 44 Copper Cons Min A Smelt 25 _lu dnmmon 50 50 25 Mines 10 100 60 Copper Oonsol 5 42 Vs 4)4 IK 34 Chief Oonsol Mln.. City of New York 100 National X Central Am Mines.. ft) Ship. .25 Ctille 3 Nominal, 1)4 Zlnc-be*. Amer Alliance ...10 Amer Equltcom. £> 95 40 20 40)4 2 Z Co Co. Knickerbocker Lincoln 10 65c 30.50 Copper Mln Oo_Oalif Copper Co.. 10 10 Home Fire Securs.lO 70 62c 29.40 Bw&na M'Kubwa— 82 8 50c Bumter Bill ASullivai.MAO 10 Home. 64 w4 50c Dredg r Butte Cop A Butt* V <uo New Orleans. 6 Hawk Mines. ing. Ltd ft) 133* 40c 30c Bagdad Copper Black Ins n A uead ^melting Bulolo New Haven. 20c 19)4 1.45 Gold —10 Altar Cons Mines Minneapolis. Nor'west F A M._. Hanover Buffalo Mill* Common... 98)4 98)4 Mining-- 20 Serial notes Sterling Spinning— Stowe Spinning ANCE 8GRIP. Atlantic Mutual— Alaska 15 Spencer Corporation 1st pref k Last sale. 88 98 Spartan Mills (8H) National Gold Mimng American Hamilton Franklin— Southern 2d pref * 25 Great Serial notes Process com 90 7% preferred Arcadia 63 W National Wisconsin Nat Life- 78 & Print Wks com Southern Mills. 100 ..60 20 Union—5 Admiralty Alaska Old Line Life Bankers 80 95 - Fireman's Amer Reserve 70 92 MINING STOCKS Milwaukee. Security 7K Washington. American Oalutnpt %■ Haoia 10 5 Springfield,Mass Callahan Bleachery Poutneru 32 440 Firemen's New York. Smyre (A M) Abbeville C M (SO) Acme Spinning tmmmm 430 100 28 45 7 )4 % Preferred Winnsb'o Mills pf 100 Yerk Mfg (Me)_10f 14 84 preferred 2d preferred -10 Louisville FireA Mar N 70 12 Marion Mfg N O Marlboro Mills 1st pref Rosemary 7 )4 % pref Rowan Cotton Mills Westfleld Mfg com.. Preferred 100 Whitman M (NB).i 90 65 30 Mfg... Gen Louisville. Mills 7% preferred Riverside A Dan JRIv Common 25 6% preferred Roanoke Mills— Wamsutta M (N B) I 47 35 Locke Cotton Mills. 193240 20 MARINEINSUB -10 -10 ravelers' 50 >',e Union Mills 19 X 31 65 Ranlo Mfg Suncook Mills pf___ Taber MIIIb (N B)..l 51 18 J* 30 Life Lincoln Nat Life., -10 40 (SO Laurens CM Pa cole t Mfg ( iF R) common 100 Preferred. 100 Soule Mill (NB). 100 Stafford M (F R)._J 50 Prior 42 Sanford Mills 62 Musgrove Mills National Weaving.. Mfg 100 67 Mansfield Mills — 49 Conn pfiOU Majestic 22K Saco Lowell Shops 1st preferred Sagamore (F B) mm m 62 Surety King (J P) Mfg (Ga) i Jud«oiiMllis A Lydia mm 60 ..etna 80 • m 53 10 10 (Fire)—10 Life Insurance. Insp A Ins Fire Aetna Casualty 65 Preferred 18 22 Corcoran 53 X 55 60 Linford Mills 23 Pepperell Mfg (Me) < Pierce Mfg (N B)_ J 51K Hartf Steam Boil National Limestone Got Mills .... Oxford Paper com.. $6 preferred Pacific Mills 100 54 10 Fire Phoenix Preferred B...100 4K 21)4 52 95 20 Mms Ionian 26 Nenqultfc M (N B) t deferred.. ~7K 7 Miilc, pre* 10 39 X 20 10 (Fire) Hartford 70 Industrial Cotton Nashua M (N H) 100 Preferred 100 Neild Mills (N B) ..I 37 K Automobile Ins. —10 Aetna 32 6 47 45 Mills lartsvllle Goi Mills 10 Life. Sprlngf Fire A M_2fi Hartford. 13 .20 iamrick Mills Preferred Pctomska M 45 18 17 5 50 50 2)4 48 57 30 West Coast Life new Camden Fire 11X 55 29 Pacific Mutual Camden* 65 11 Fund.100 Home Fire A Marine (Los Angeles).. 10 15)4 Occidental.. 80 50" Mills Preferred i Firemen's UK 40 Grautevllle Mfg_iU(> Grendel Mills Carpet .20 r»aemati M 95 25 20 Gossett Mills 32 H FR) 105 Brooklyn—See N Y. 38 8 32 (Bait) Oils 42" 100 70" 6 Mfg.. 111 V. Wood 28 85 50 30 Mfg i.ui tier Calif-West State Life 98 100 Golum Nat Life. 100 Mass Bonding -.-25 Muit> loo . 472 135 San Francisco. — BostOD 7 % preferred-_ Glen wood 462 131 Mar_25 St P Fire A Boston. 46 — — 35 Gainesville Col lu 5 19 48 Gaffney Mf Lackwoon 'in (Me Merchants — 90 22 B) 75 (N Mills Ludlow — 40c" St. Paul, Minn. 4 18 Corp....—10 58 99 7 % preferred Aoimes Mfg (NB) Fire Uo Florence Mills mm Baltimore. [Baltimore Amer_2.50 ,Fidelity A Guaranty 22 50 Flint Mfg Co mm m ■mm fllii Mfg Co (Me).. Ikawton 20 ' 92)4 2)4 ... j 5 1 20c 10 Mo State w 31 46 3 Life—5 Continental Life..10 INSURANCE STOCKS. 50 40 38 Bt. Louis. Cent States 101 — Serial notes 57 rn.rn.~m Fiulsn Kairforeai 17 15 . "rlnnell Mfg (N ? _ General Cotton s 27)4 20 11 os Preferred 100 125 --- - 6% preferred.. Eagle A Phenix.100 Eagle Yarn Easley Cotton Mills 7 % preferred Ellrd Manufacturing 1 r 36 25 and Marine 62 57 100 4)4 Virginia Fire 35 81 . 25 6 Richmond. 88 135 132 50 97 55 Oorp (N B) 10c Da vol Mills (F R Dexdalu .100 vlilln 95 87 X r --100 com(t) Preferred 7 68 90 10 lu 7 % preferred Durham Hosiery Contin'l M (Me) lot Dartmouth Mfg Montreal Cottons 21 3 Mfg iflUj. Duuiiean 60 — — mmmm Dixon Mills n 75 45 Darlg 61 (t) Rhode Island 40 r Oottons.Ltd.10U Preferred 100 Domln Text. Ltd_(t) Preferred 100 28K 15 50 Life... Puritan 6 5)4 20K (t) Wash'ton—100 Merchants Prov Can 17 12 X |t» 100 38 40 43 Mfg Mills preferred--100 Orescent Spinning.. Dallas Mlh 90 Charlton 7% 7% Providence. 11 8 Canadian Mills Can Convert. Ltd__( 3l" 10 Cabot 83 60 80 40 72 80 65 100 Mills (FRi 120 IB ..... 118 78 34 19 70" Wiscassett Mills Woodside Cot Mills Mfg (Ga) Harder U Mfg (FRi / Boss Mfg coin 75 60 65 (D K)_10U Mills Cowpens 67 7 Mfg-100 75 Clover Mills 3 53 West Point Mills ottoo 100 Mi"lls""(t) 105 vim 6% preferred vim O)io Climax Spinning Cllftou 48 Affsoclatlon_.10 10 Mfrs Casualty—10 Pbila Life 10 Reliance 10 Victory ..—.—10 45 70 65 46 Ina Co of N A 50 48 . Wellington Preferred-------- 70 Ornouoia 40 12 China Grove Cot 6% preferred t Barnard Mfg (FK) J pates Mfg (Me). 100 Beacon Mfg INB)J Preferred 31 Go Fire Pl*afoFFAf1 50 30 . . «J<> Ware ShoalL Mfg 95 40 Willis.... Cannon Mills t _ WaliaCtt Mfg (f) Ohadwick-Hoskins 6 5)4 AodreucoK ivi ,whi Arlington M (Man)l •♦•urne 9 91 7 % preferred — Beeth Victory Yarn Mills— 1st M 6s Dec 1941 „. . Philadelphia. 60 80 42 6 10u All. Bid. Par Per share. Vlctor-Monag Preferred 75 Brandon Oorp A 160 11 Print—1 •tooka. 105 11 55 36 Bibb Mfg Northern Mills. Co../ 100 J tiar*. 8 .... the date of issue. Ask. Bid. 50 Belton Mills (S O) 25 Preferred Par Stocks. Ask. Per Per share. TEXTILE STOCKS. AlgenQuin Bid. Par. day of the month preceding io 18* 8* 65 8K 3)4 lr s Sale price, 100 65 preferred .100 Golden Cycle Corp. 80 7% Goldfleld 24 Consul K Mines Granby Cons MSA Power.. 10») Greene-Oananea-lOO Hancock Cons 20 Heel a x Ex-dividend, Mining—25c 9 9)4 35)4 50 10c 25c 6K t Without par value. 634 june, 1934 ] Stock*. Pai Bid. Per Bellinger Mines...6 Bemestake Min.10' Howe Sound Budson Bay 17% 45c 4:% Preferred % 2% % 1 Louisiana L'd & Ex t 19 McIutyrePorcupiuet 44"" Copper.. % 3 3/ 20 434 4434 1% Min in gCorp (Can) (t) Mohawk 25 1.95 2:05 81c 1.25 Mother Load Coal i n Mines (f) New Jersey Zinc..25 47^ % 48 4% Enterprise or « (t) Pioneer Gold. Ltd.l if* Mines A Creea— Pocahontas Premier Gold M 10% 1% 1% ir ..1 st JoHflph ...iv San Toy Mining 18% 1 15c in 5 1% King Coal 5 Slscoe Gold Ltd 1 So Am Gold A Plaa.i i.% Silver Stand 334 Silver-Lead.1 Superior Gold Min.. Teck-Hughes GM.l Tintic Stnd Mining Mining Electric Appliance ft) Alaska Pack AssnlOO 25c 4% 19* 55 1> 3$ "iei 2 9% 2.20 3% % 50c Preferred 2% 132% 135 127 12734 92 8 4% Aluminum Co cem.t 6 % nreferred 100 73 106 834 (f) Ltd 6% pref 100 Class O warrantsClass D warrants. Amal Leather 1 50 (f) Agrlc Obem— (Delaware) t Amer Agrlc Ohem— 90c Mines (f) Yukon Gold 6 Zenda Gold Mining. 9 6% "lA Am Preferred 65 k 24 46 48 50 3334 40 20" ?oy' 59% 1V Am Bev'ge Corp ..1 7% conv pref—5 4 5 American Boua.-lOb 53 55 Am Brake Sh Sc V Onmmon 25 l 7% preferred--100 SEAL ESTATE TB A LAND 8TOCK2 Am Oan 7% preferred. .100 Per share Bos Gr'd R'T Tr (O). Bos R ET (Bos).100 Bos Sior W b'se (B) .1 Boston Wharf Co.-i *2A .. . 15 mm a 15 a 25 o 25 a a 48 Cent Bldg Tr (B)..I 15 300 300 City RET (0-.500 Congress St Associ¬ ates (Boston) I Devonsh BldgTr(B)l East Boston Co (B). a Essex St Tr (Bost). "134 a 13 i tt 7% preferred.. 100 Am Caramel 2%. 100 Yi Chain com—f+t 7% preferred..100 Am Chicle - T 9 30 58% Ain^r com...20 Oyanamld A10 Class B 20 80 1 Ltd Am-Hawaiian 82 Am HldiA Commonwealth— 6* (f) Am Hardware 100 1734 26 88.10 Leath(t) J 88 7? a* 0% 7% preferred..100 Phila.10 Empire TitleAGulOO Fi lelltv A D (M<P 20 Casualty Home Title Ins (NY) Lawyers' M Cu 20 Lawyers Title St Guaranty 100 Lawyers Westchester Mtge. St Title. 100 Maryland Cas Co. 2 Mtge Bond & Titlt com (t) 28 Home t'roil 33 Amei 1 18 23 40 41 4 5 1 1% Amer I G Ohem A 3% Am Intern Corp. _(T) Araer-La France 2% Amer Honery Amer Ice Co.. 6% non-cum ^oamite 2% 2 2A (f) pfion (t) Corp_(+T 7% preferred-.100 Laundry Machinery Amsterdam Amer LocomwtWe 1034 Mortgage Com. 10 25c 11 New York Title A 50c 2 38 8% 834 1% 8% I* 13 Vot trust ctfs-.(t) 7% 40 24 Trust of New York...20 "L i* 46% 14% 934 1334 24% (t) Chemical..(t) 1034 3434 32 Inc com 934 434 2434 4734 134 % Burden Iron pref 100 Corp Ltd— 734 receipts. (f) 334 334 2 4 Vot tr ctf—(t) 434 12 34 1 2 134 2 Am dep Com class B—(t) Vot 37" . Burns Bros com A 7 7 tr ctf8._(t) 7% cum pref. .100 Burr Add Machine (f) B ush Term Co com (t; 1 48 2 734 1334 2 4 7% debentiirfl.lO)"1 10 64 1034 4434 634 ..100 1 8 1334 234 5 k fube.lOU 106 Bamberger (L) St Co 6*4% pref 100 4 9634 Sc Sons t 3 Preferred 100 -(+) 26 .. 7% 1™" 7% preferred .100 25 2d 9 Bendix Aviation...5 1034 •• 434 25 7% ...20 (James) —10 100 Butterick Co (t) 834 34 334 234 Butler Bros _ Preferred 534 1134 934 234 7 }ri 2 ji Byers (A <*r»tn + 7% part pref. .100 Cable 98 534 30 434 27 RadioTuhe(t) Cache La Poudre— Ualll PacK Campbell Cannon (f) Wyant & Fdry__(t) 734 Canada Oement.JOO 35" Oan Dry GIng Ale 5 Canada 88 Lines. _t 21 2834 9234 1534 934 Butler m 17 Bancroft (J) 634 % conv pf.100 Barnsdall Corp 5 Baumann (L) pf-100 k Bldgs pref ctfs. 100 100 Preferred 95 15 34 Preferred Wire 85 8734 inada 5934 1134 60 Cable A 12 Class B 434 1434 434 1534 100 & (t (t 2434 Bellanca 100 Preferred anadian Oar Sc F(t) 25 anad Celanese._(t) Preferred 834 534 6 "334 Warrants.. 59 6 WVs.lt) 8 7% 15 6 5834 934 Bush Terminal Warrrants Beech-Nut Pack 834 (t) (t) Watch, Preferred Burco 100 50 100 1st pref... Beatrice Cream 54 34 S3.50 conv pref (t) Bunte Bros com.. 10 Rata Preferred Ulgars 100 Pipe L..50 2434 734 4534 34 bayuk Preferred Buckeye Bulova 7 , .10' Barker Bros... (t) Bullard Co Axton-FIsh Tob A 10 Preferred Csllender 1934 634 5 5934 Baltimore 11 Bruns w ick-B»iio- 20 4 Machine(f) Lor 119 Bucyrus-Erie Co. 10 7% cum pref. .100 $234 conv. pref..6 Budd (E G) Mfg_(t) 7% preferred.. 100 Budd Wheel (t) 1134 5634 Aviation Corp (Deb 5 Bftldw 51 Burma (t) Balaban a 3 't) Shop 434 4034 334 534 9934 834 3434 Aviation Sec of N El Baker 9 (f B 7% preferred..100 Bruce (E L) com.(t) 5734 45 Beldlng Hem'way(t) Aircraft— 1 Common v t c 49 Com 2434 634 7% preferred. .100 32 + Amer Mach A Fay.t Am Mach & Metf(t) 10 1-934 34% 20 7% preferred- .100 5 n 350 35 ~X* Amer % AutoVot 1034 (f 7% preferred ' A il* 13 Angostura -Wupper mann Corp Austin, Nlch St Co_t Prior 1534 (t) Brown 72 Babcock 4 wil 8% preferred. .100 H 17 Encaustic Tiling Bond St M Guar..20 20 82* 22 Stores if) American Dry Ice.. Amer Equities Oo__ 1 Am Express JOi Amer Hard Rub_.50 OUABANT EE & SATE DEPOSIT ST OCKS 33% Am Dept Amer TITLE 3% Commercial Alcohol 15 1334 3034 3034 1534 . Amer 3434 14 (t (t Class A. 134 1234 234 434 6% preferred-.100 26 25 95 34 Brown Fence & Wire 9I* 3* 38 '♦ Amer Coal (N J).25 Amer Colortype__10 23 5 Distillery 1734 534 1 5% non-cum pflOO Atlantic Rdfin'g..25 Atlas Ply wood... (t) Auburn Automob 33 5 68 34 ! 2f Tack 28"" Amer dep rets— Brown Co 6% pf-100 Brown Forman 634 434 Atl Coast Fisheries-1 Atl iulf A W Ina Powdor. _ 2234 Tobreg£l k Ordinary bearer £l Jfc 3 45 6% 1st pref...100 7% 2d pref...100 Assoc El Indus, Ltd Am dep rets ord registered £1 Atlas 134 6 25 Coupon Registered 9134 134 1134 6034 D'ds 100 15 USFidelAGu(Md) Apparel Industries (+) SS Lines.... k 101) 7% pref Associated 10 a Bldg Tr(B)l St 3% 15% 1 ■M A Bristol Brass 60 6834 63 23 Art Metal Works. .5 Associated < Ml 134 r Bristol-Myers 34 434 A** 1 or Preferred JAlmLall Guar 42 Ola 30 cl. A. Mfg... British Celanese Ltd Art Metal Constr.10 Atlas 25 Title I* 2i* Brillo 120 i 140 650 Casualty (Bait) 41* 100 Am Cigar ill* Class B Brill Uurp Diasp H 6 7% preferred.. 100 100 Hotel Tr (Boston) _-J New 1% 134 934 634 534 (t) (f) 120~" 234 67 % 1734 Armstrong Uora... 5 Arnold. Constable. 5 16 a Factory Bldg Tr (B)l Fifty Associates (B). Chicago T St Tr.100 OltySD(AIb.NY) lOf 143% 27 109 Class A (111)— ') Dry M* Brighton Mills pf— Bright Star Elec— 100 90 2f Assoc 1234 34 134 % 2% Brit-Amer Com Ol A . 134 4 27 Brit-Amer Oil Ltd— pref.. 100 7% pref. 70 Brigcrs Sr. Stratton (t) 8 13 2034 29 Associated Rayon (f) (t) Am Oar Sc Fdw.. Am a a 93 Canadian Properties Preferred 49 Chic R E Trus's 1000 Amer 107 "234 58 Artloom Corp % 60 634 OomOlB 33 19 100 Preferred. 17 i 5 guar com.(f) Botany Cons M. A60 Bourjois, Inc (t) 2.75 cum pref Bower Roll B'r'g._5 Bowra Biit Hoteip(t) First preferred 100 Second preferred (t) Bridgeport Mach. u , Briggs Mfg.. (T) "734 6J4 534 11334 % 14 Oorp.(t) Woven Hose & Rubber 124 134 7% preferred..100 7% 71 3434 (t) (f) .. Armour St Co 4634 1034 59% 2% 100 _ W Paper w Traveler Boston 6934 20 115 24% 22% 10334 634 100 Borne, dcrymser.-ilfi Boston-Herald 18 4 934 Archer-Daniels Mid + 434 9% 29c Apex Elec Mfg Com 7% pref 7 Anchor P Sc Fence(t) ??* 79 35 1 26 Borg-WarnerOorp 10 5634 11534 1 95 B Borden Co i* 134 5 ... Common 6734 59 53* Bohn Refrlg pref. 100 Bos Ami com A—(t) 16 34 Andian Nat Corp (f) Anheuser-Busch. 100 P Brass 58 1334 1034 $6 prior pf w 1 (t) Armour <« Os of Dei 19% 50 ..100 4334 100 Bonn Aluminum & v*iass fMft«i).(t) 7% preferred.. 100 Amer Wringer (t) Am Wr Pap v t c 1 * c $6 pref \ t c_._i.tt (t) Anaconda W4C. r&o_(t) Anchor Cap ) (t> §6 conv nref.(t) 51 9 7% 4% 31% Wind Preferred (t) Bohack Realty pf— 120 6 Am Wool (S)— 1 st ru-pf 84 15 Arcturus Rad Tube t Armour & Co.— 10 .. Beet 8u«n»" 7 % preferred- a Type Found, (t) I 7334 3|H Am Bank Note Albany Tr (Bost)lOO Bd of Tr Bid Tr (O). Am A (f) 86c 122 100 .. Transformer (-fVlfc Amer (t) Mining.. ] Wend en Copper J Wright Hargreaves Walker \V* 10 . (Conn) $6 pref.(f) 65 it* Alum Goods Mfg. (t) Preferred 7 % Amerada Corp 75c 15% 100 Aluminum 25 18 10234 Inc 7% pref.. luu Bohack (H O) com.t 118 1734 334 6834 7034 Am 19% 35 2% 100 American Arch 5c Common B Amer 15* 30 (t) AlDha Portl Oem.(t) 3% ""% 75* 113 7% preferred.. 100 Common 3 Ventures Ltd 8* Allis-Chalmers Mfg 2 Utah Metal A Tun 7§* Convertible pref.. Allied MUls lnc._(t) 5% J 7% preferred.. 100 6 % preferred ... 7% nrpf Allied Kid Co- X, X United Verde Eitou 9 94 ..(T) Algoma Consol Ltd—, 7% preferred 5 Alle*b Steel com (t) 16 18% !Allen Industries., (t) Allied Brewing & Distilling Oo-.-.l 18 1H Allied Obem Si Dye Corp t 1% ~<V% 2oc Tread well Yukon Utah-Apex Utah Copper Co Reduction. 5534 4 preferred. -.10 Common 134 3834 23 00 Am Sumatra Tob ( t) \iu fbread pref .6 Am Tob&cce com.25 4% 6% Belmont.] 2* 7 Sugar 1034 534 2534 ..60 Blumenthal "434 1534 6234 4134 _ A »» Preferred 2d 25 57 23 Bloomlngdale Bros.t Pref cum 7%.-100 9 118 Air-Way J* Tom Reed Gold.... Tonopah Tonopab 25 American Store* t American Stove. 100 1% 6% 3% t . 95c 3c t Shattuck Denn 9 Prod., (t) 80% hares. second pf-100 6% non-cum pf100 Am Steel F'dries.itt % % % Air Antelope Min Seneca Cop Mm. Shannon 7% preferred.. 100 6% 70 5234 4% 22% 134 3834 11434 8034 4m8melt A % 18"" 17 acrew.lo 634 (t) com Blaw-Knox Co—(t) Bliss (E W) Oa \ 63 Seating vtc.f Shipoldg ,(t) Amer Ship <fc Oora(t) 30 2% 48c 25 .} 1 5 (t) Ainsworth Mfg...10 85c" Old Dominion Co-IP Pacific Tin (f) Park Utah— St Anth Gold 9% 5% 8% 4 5 Blauner's 78 (t) Preferred. 120 5134 Amer 1 Kutxter Aetna Affiliated B.10U Amer (t) 30c Ltd, Amer American Agfa Ansco n* 42c .10 .... 27 ..IT) 47% 2% 42% 2% Mines.(t) Mines Am Hafetv Kanor (+) Am Salamandra—10 1334 1734 7% preferred.. 100 Aetna Brewery M Butte Ohio Copper T% 86 1334 11934 334 Am Roiling Mill.. 25 90 "134 Blrtman Elec Co—5 Preferred (t) ser 26 Bing & Bing 39 6% pref 6034 734 (t) Killluga -v spen 7% preferred.. 100 Supply Mfar- 47 % Mining. It Stand Srnlt 6 31 pref..100 cum BIckfords Inc 20 7 % cum oref.. 100 Am Republics com( t) lOt 32 34 ?% 20 St Am Snuff Preferred 3 234 (t) Radiator 5 Piano St Pian.-lUt 30 ° North Roan (t > . 29 6 109 7a* 26 7% pf w w 100 Addressograpb Multigraph Corp.. 10 Adv*oo* Rnm^'v (f) Aeolian Co pref Class A 50 Class B Rosarlo : (t Class A 50% N Y & Honduras Qulncy Adams Millis Aero 2 10( . t C..25 . J* Best Sc Co inc—(t> Bethlehem Steel, (f) Sc Ohem.. Amer 2 1034 2734 60 .. Ask. it* Benson & Hedges ( Berghoff Brew 1 23 26 (f) common- Preferred 86 2234 7734 834 t 3% 37% 8% 7% 30 25 v ♦ 107 % 100 (t) Adams Express 33 1% A8fcrauf(t) Acme Steel Acme Wire Preferred. Amer Potash Aeoliau- Weber New River Ca.._lut Preferred 28 Loan Pneu 8erv_.26 preferred 50 amer 1st 5% preferred._li 0 30c ' 7% preferred. .100 at Pap. r 6% pref 100 50% 79 Acetol Prod A 21. ' 3 Magma Copper CX 10 Mayflower uid Col m 49% Preferred 100 Abercrombie & Fitch Bid. Industrial Beneficial % pref. 100 conv American Meter Amer News Abbott Lab'tories(t) Abbotts' Dairy__(t) 7% preferred 2 19 50 J 6% Abraham 110 134 18% t Kildun Mining 27% 105 ] Kirkiand Lake Gold 1 Pand Amer Metal Co 30 1 Abbotts Alderney Dairies pref 2d 100 Par Per share. 100 Maracaibo Abitibl Pow 26 Kennecott Copper, t Lake Sb Milieu LmI 5% iH Isle Roy ale Cop..25 Lake 13 % 12% Iron Cap Copper _H Island Creek Coal.l Patlno cum pref.. Amer MISCELLANEOUS 6c Oonsol Am Maize Prod__(+) 12% 2% Stocks. Ask. Per share. 7% 12% . Bid. Par. INDUSTRIAL AND Min ,_(fj inspiration uun« Copper. 90 Internatl Mining.. 1 Warrants moot Stocks. 380 50 Imperial Eagle Min New Ask. 91 stocks month preceding the date of Issue. Per share. 49 34 234 Nipliwina Noranda Bid. Par 17% 370 Idaho Maryland Oonsol Mines Miami possible for the closing day of the sharp t c.5 v A; Smelting.. Kerr are as near as Stocks Ask. miscellaneous & industrial Quotations for all securities 834 534 Preferred 100 102 6 1234 2034 11434 65 a par Purchaser also pays accrued dividend, k Last sele. \ Par value $100. n Nominal, r value. ir Canadian price, s Sale price, x Ex-dividend, t Without INDUSTRIAL 93 Stocks. Per Canadian Oen El 100 Preferred 60 Can Indus Alcb. (t) Class B (t) Consol Royal Oil. 10 Consol Textile t 160 11% 11% r f ~3% 1% 15% Oarib Syndicate. _26 Carman AOoA—(t) Class B (T) Carnation Co.... (f) 7% pref 100 Carrier Corp (t) Case (J I) Co .100 7% preferred. .100 2% 16% 10 Class B 98 7% 50 % 69 Bralnard Co.. 100 "7% 5% 26% 23% Oont DIam'd Fibre .5 Cont Screw 10 .10 8% 3 16% 9% 72 27 25% Preferred 97" 15% i!" 7% 18% 91 100 104 $2.70 preferred (t) Crown-Wlllam Taper $7 1st pref (f) 100 ...... ek l°2y° Yellow Oab._ 14% Ohlckasha Cot O.IO 3» "7 Vot tr ctfs 51* Cuban Tob 22 5 Preferred City ice A Fuel 81 20% 81% 50 80 Clark 3 "4% 1 1% % 3% 2% Eq Co com_(t> 4 19% 13 % _ Preferred 4% 4 Neon Lt 1 Gleve Cliffs Iron—~ . (f) 21 Olevel'd QuarrieslOO Oleve Tractor...(f) 5 10 3% 10% Olev Un Stk Yards, t Cliffs Corp v t c. (t) Olinchfield Coal.100 Preferred loo Clorez Chemical.(t) Club Aluminum, (t) Uluett. Peaboay. _t 7% preferred. .100 3% 2 : 29% 27% % 34% 5 Peet. (f) 6% preferred. 1100 Collins A Alkmao (t) mef {?%)—-100 Collins Co ioc Colonial Beacon Oil t Colon OH Corp.. (+) 8% 30" 36" 110 116 123 124 54% ii* 8* Columbia Class A Class B Oo l O & G t f j ft) 5 * "* v t c Columbia Pic Preferred 6% 2% 4% 20% 1% 6% 1% IZ* 87 26% 24 1 t) Col am Oarbonvtc(t) Commercial OredltlO 7 % cumlst pf__25 8% pref cl B—.25 6H% cum pref 100 6% conv cl A. ..50 Uomm 1 Invest Tr. t Conv pref opt ser t t l Congoleum-Nalrn t Congress Cigar t Oonsol Aircraft._._i Consol Auto Mer vtc k Censol Oar Heat. 100 Cons OlgarOorp. ft) 6K% pfd w w.100 6% % pfex-warlOO 7% preferred-.100 Cons Film Indus.. 1 S3 cum part pf__ t Cons Laundries., (t) Oonsol Oil Corp.. (t) 39% 65% 26% 27% 28% 104 47 49% "7% 2% 5% 12 1% 15 33 92 22% 66% 27% 29 29 106 48% 50% 22% preferred.. 100 11% 12 S8H 26 11% 8'4 J* 56% 48% 3% 16% 2% 10% 108% 8% pf with war 100 In liquidation. 6% 1st pf 2% % 1% warrants) ..100 Seagrams (t) Distillers Liquors. Dixon (J) Oruc__100 Doehler Die-Oast (t) 40" 10 58 59 49 4 16% 55 50 (f) Dominion Bdge.100 Dom Coal pref. .100 Dominion 9 8% 30% 60% 33% 79% 88 50 Glass. 100 Preferred 100 Domin Rubb Df.100 25 Dominion Stores, (t Domin TextUe ( Class B t f Driver Harris Oo 100 Preferred 100 Drug, Inc 10 Dublller Oond'ser (f) Dunhil) Internat__l DuplanSilk .t 8% cum pref. .100 DuPont (E I) de N A Oo com 10% 11% 17% 13% 2* 122 J* il* 39% 130% 10 Gardner Denver .(t) 7% Pref 100 Garlock Pack (t) Gen Alloys Oo Class A pref 2% 40" Gen Baking 84% 122% 2% 14% Greif Bros A com Nominal, r Canadian price, s 20" 15 16% : f 2 5 36 37 17% 18 3% . _ 10 Corp. 1 2% 4% 4 4 / 6 10 8% preferred. _(f) 101 Class A (t) 7% pref 100 Sale price, x 29 442% "ft, _ 6% preferred. .100 Gulf Oil Corp 26 % 1% 24% 58% Gulf 8tates St'I (t> 24 7% 1st pref...100 Dept Sts__(t) 6%% conv pf.100 65 v t c25c Guantanamn Hug f Preferred .100 Halle Bros Preferred 5% 39% 3% 10 100 Lamp com..(t) (W F) Printing vtc 10 Hamilton Watch, (t) $6 pref 100 Haramermlll Paper 81" 5 10% 102 I* 20^ 7% 4% 7% 22% Ex-dividend, & 10 18 pref.. 100 A) 1st $7 cum.pref. (f) 92 Common 93 Happiness Candy Stores class A Harb-Walk Ref— t % t IF 97 Preferred 100 Hartman Tob-.-.10 1% Hart, Schaffner A Marz 100 Hat Corp class A—1 6%% cum pref with warr... 100 Hathaway Bak A(t) Preferred (f) Hayes Body 2 Haytian Corp of Am Hazel-Atlas Glass.26 Sazeltine Corp t 4% 57 "3% 0„a 84 6% Hearst Oonsol Pub— 7% cl A 33 n 22% 110% Cooperage (f) 111 k Last sale, 40" West Sug.ft* 1% 28 127 100 100 Common 54 Gen'l Bronze——..5 General Cable—.(t) 104 100 Preferred 6% cum Hanna (M American Gen Aviation 16 84 14% 15 $6 conv pref—.(t) General 134 Hall 12 pref. 100 Transportation Gen Asphalt % 10r 11% 6% 14 84 77 52 20 70 29 14 17% 1 Hale A Kllburn— 10% 2% 13% 59 12% 11% 14% Deben stock-. 100 2% 5 1% 24 "4% ib Pac Hahn 2d preferred.. t Gabriel Co. c 1A t Gamewell Oo ...(f) _ Drug..._—(f) f 1' Fuller (G A) Co— Partic pref. (t) 91 100 21% 33% 88 90 Preferred 11% 24% 3% FreeDortTexOo. 111 A vot co 7% preferred. .100 79 3% 20% 23 Atl Non Preferred 3% 33 Preferred 100 Frankllm RySup. (t> 20% Gt 10 k Tea 8% Franklin (UHj Mfgt 135 39 100 com Hall 130 19 Station Gt Lakes Tow W* Foundation Oo(Oan) 20 Knight..t Gray Telephone Pay Greyhound Corp.. .5 Grlgsby-Gruuo w. .(t) 10% _ 26 4% 18% t conv Graton A 69 conv pref... (t) 6% (W T) 8% New class A—(f) 3% 20% 87% pref. Preferred 30 Fox Film— 132 Dow 31% 4% $3 Grnfld Tap A Die. t Preferred ..100 Foreign shs A—(f) 80 1„„ Draper Corp Dresser (8 R) A 36 (\) i7% 1* IF 90 125% (t) (f) Grand Raps Varn.(t) Grand Union Co.- 1 Groc St Prod 33% Douglas Aircrf -_(t) Douglas Shoe pf.100 t 100 $7 7% 48% 2% 6% Hosiery (voting) _t 7% preferred. .100 4% 18% Conv pref ..(f) Foster Wheeler., (t) „ Silk— Gotham Grant §3% 66 eF3 -f Foundation Oo 68 3 16% 12% Great Ford Motor France. Forem't D'y Prod(t) _ 35 112% com A-T S3 pref with war.f Gorham Mfg vtc.(t) Great Nor Ptm.__25 Guar Tr rets Ford Mot of Can 100 Class A f 15% 27% 70 113 15% 9% Ford Co Ltd— 23" Class B 72 14 $6preferred... 100 22 if 26 Tire A Rubber com., (t) $7 1st pref (t) Goodyear T A R of California pref 100 Goodyear T A R of Canada com (t) Preferred 100 Graham-Paige Mot.l 104 Fiorsbelm Shoo comt 22% Goodyear 94 FoUansbee Bros.(t) Food Mach'y (t) 22 % 13% 50 7% preferred. .100 13% 77% Flour Mills of Am(t) 21 110 t 84 100 50~~ 22% Goodrich (B 113 15 Corp.l 23% 30% 60 13% 8% 18% 112 10 100 Preferred Flsk Rubber (f) 6% 11% 20% 1% 17% 22% 30% 19 11 13% 8% 7% 1st pref 24 80% 64% w.100 First Nat Stores..(t) „ 102 21 Dow Ohem com w 8% 5% 3% % 44 Preferred 100 DKUorgio Fr't units. Preferred 102 Fllntkote Co cl A. (t) Dictaphone com.(f) Dominion Steel A Coal B (j) Flshman (M H) Distillers Oorp- oly* (f) Preferred. New preferred Distillers Co Ltd.il 36 41 15% 7% 20% FlrestoneTARub-lti 36 87 90 Preferred Preferred 1 A (t) 5th Ave Bus Sec. Filene's Sons Diamond Shoe— _ 19 6% % cum pref 100 Film Insp Mach.(f) 100 25 (Marshall) (t) Granite City Steel 10% (t) Co 48 (non-vot)t 2V4 Flat Am dep rcts__ FIdello Brewery .1 20% 6 100 Gorham Inc 29 5% 5% (t) Tr_.(t) Enamel 17% 2 26 t 100 100 Class B 33 _(t) _ Class A 16 Fed Screw Wks_.(t) Federated Dept Sts + FED Corp (t) Field 9 6 20% 11% % 111 21% 2% 7% 2% 28 25 Federal Mot Ferro 2% 6% % pref (with 108 Oonsol Retail Sts__t 19 16 46 Preferred Oende Nast Pub_(t) * 7% 107 6% part pref Oompo Shoe— 8 % 6 * Diamond Match _(t) 25 32 Mach vtc 6% 175 «. Aircr 20 t Oomm Solvents 15% Fedders Mfg A ..inn Class A 14 87 4% __'(+) com Faultless Rubb 14% 12% Fansteel Products(T) 88 1st pref B'casting System Inc Phonofilm Common B 54% 45 preferred—"100 Colts Patent Fire Arms Mfg 26 2nd pref 87 85 1% dep rets ord £5 Denv UnrttkXds.Ct) Preferred 100 Derby O & Ref com t Detroit Aircraft, (t) Devoe A Raynolds- 240 (f) Columbia Baking $7 1st pref. t Am Celgate-Palmollve- Color Pictures Col Fuel & Iron, A Havilland 85 14 6 Deep Rock OI1 A Ref 7% pf—100 Deere A Co com. .(f) 7% preferred 20 De Vot trust ctfs Fanny Farmer Candy Common (t) _t $6 cum conv pfd. t Gold Seal Elec.... 1 23% 3% 10% Co Gold Dust Corp v t ct 6 5% 22% 15% 25% t 7% prior pref. 100 Globe Underwriters 2 7 7% Falardo Sugar mm Davega Sts Corp. .6 Davenport Hos'y (f) Decker (A) A Oohn 4 63°^ t . Globe- W ernlcke Famous Preferred (t) % Falstaff 28 2d pref _V(t) Coca-Cola Intern. (t) n _ H 5% 10% Gobel (Adolf) Co..5 Godchaux Sugar— 79 20 44% t Darby Petroleum (f) Dardelet Thr'dlockf DeForest 6 t Class A Cutler Hammer. Glldden 2% 1% 8% 68 10 3 25 (t) Bros Glen Alden Coal 80 100 Brewery.. 1 Players OanOorp com-.(t) 48 21% 77% 3% 10% 7% cum pref.. 100 88 cum pref t 6% 33% 10% 23% 6% 7% 77% * 1% 14% 7% preferred. .100 14 14 1 Common 25 Coca-Cola Co A lushman's Sons, 85 (f) Claude Class Glmbel 51% 7% 76 22 OurtlssWrlghtCorp 1 $5 conv pref mm 57" Preferred 26 Morse 42% Curtis Pub oom._(t) 87 preferred (t> mm mm 125 6 t 85% (f) 6% 31% 10% 23% 5% 6 78M 6% cum pf A..100 Georgian Inc.— A preference 20 Gibson Art (t) Gilbert (A C) (+) Kai.it/ 13% Fairbanks pref...(t) conv Preferred 50 6 60 1 1% 7 % preferred. .100 Falrchlld A via A ..1 42 (t) $6 Oonv prefvtc.(t) Gen Tire A Rub..26 Gillette 8af . 1 % 7% 7 100 39% 20 Voting trust ctfs 54% 1% 62% Gen Theat Equlpt 17 52% Ctfs of deposit 8%non-vot pf_100 Ctfs of dep.. 100 24 t Cudahy Pack Cuneo Press 39% 5 4% 23 7% preferred. .100 8 Oln Un 8tk Yds. (+> Voting trust ctfs Clark (D L) Oo..(t) (t) 14 13% 4% Gen Steel Cast com t 21% 10% 1% 118 Eureka Vac Clean.5 90 t 15 Ex-Cell-O A A T—.3 oV/s (t) 20 * 7% preferred. .100 7 % preferred—100 Cuba Oo 1 Cuban-Am Sua...10 Chrysler Corp 20% 7M Oo Vottrctfs 78 Ti* Fairbanks 32 100 7% preferred.. 100 Eqult Office Bldg(t) Eureka Pipe L..100 Evans Prod.— 86 Signal com ♦ 6% preferred.. 100 42 25 Exch Buff Corp Fair (The> Ohlc.. Crucible Steel—.100 City Auto Stamp, (f) (Cleveland) (t) 6 % % cum pf._100 City Investing—100 7 % preferred City & Sub Homes 10 City Stores (fi 40 $6 pf with w« rr. (t) Gen Rayon A stk. (+) * 15 8% preferred 1 W* Gen Ry 8 1% % 1% Endlcott-JobnHon.60 10 6% 25% 21 27 100 !§M Crown-ZeUerbach 28 .(f) 12% 5% 8% 1% Class B com (t) Gen'l Print lnk._(t) 94 5 ~9% preferred. .100 preferred. .100 10% 4% 4% t General Refrac... Emerson's Bromo Seltzer class A 2% Class B 2.50 24% 91 3 Crown O'k A Seal (t) 135 Chic Nipple A Chic Pneu Tool __(t I $3% conv pref__i Chic Rivet A Machf Class A 100 18 9% 2d i!M (t) Crown Cent Petrol (t) Crown Cork Int A(t) 6 ..... Preferred 33" 23 90 (t) Chic June Rys A Un St Yd stpd.100 Preferred 5 ( f) 1 Crosley Radio—.(t) rowellPubUsh'g (t) 122% 1st 32% 12% 4% Crowley Mllner Preferred ChildsCo com t 10 (t) Outdoor— Advertising A 21% 7% 40% 6% part pref 50 Ely Walker D G..25 9 53 100 Croft Brewing. 10 113 1% 8% 25 Crock-Wheeler 8 Ohlc Daily News (t) unic 100 com Motors ... 4% . 32% 55% 112% 31% 100% Com vtc. t Gen Optical pf—.(f) G en Paint Corp A _( f) 13 12 12% .100 pref General 20 10 pref. .100 cum 5% —— 93 Elk H Coal Oorp.-t & Cream of Wheat Creole Petrol Chestnut A Smith. Preferred (Wm) Preferred Special Dref 100 Charts Corp.. (f) Checker Cab Mfg.6 Cherry-Bur Corp (t) Chesebr'gb Mfg..26 Preferred 5% 12% Sons General 5% 16% 11% 20% -1 Elec Vacuum Clean. Elgin N Watch 15 Elizabeth Brewing.l Elec Stor Batt 9 5% Crane Oo 96 3 Indus Am shs 2% 3 12% Cramp 100 Preferred 147 (t) 90 29 7% pref erred. .100 Champion Coated Paper 100 67 Am dep rets ord£J 31 6% 140 "§" 7% preferred-.100 Electric Boat.. .—3 Elec A Musical— Courtauds Ltd— 5% 5 100 Ooty Inc AH 93 83 2% 24 i|% 26 r Magneto t preferred 100 Eltlngon SchUd _.(t^ Electric Auto-Mte 5 it* 10 Ltd— Preferred 43 Elsemann Cooper Bessemer 1 k 83 cum pf A w w.t k Oorroon A Rey'd»(t) 2 86 conv A pref (f ) Cord Corporation. .6 Cora Prod Refg__25 66% 7% preferred. .100 142% Oosden 011 f 1% 3 4% 10% 19% Elec Gen Foods Oorp.(t) General Mills t 103 138 6% preferred. .100 5 Easy W Mach B.(f) k 16% Eaton Mfg Co 1 Edison Bros Sts— 83 Preferred 100 Elsler El Corp—(t) % 10 3% Eodak. 7% 8% 7% 7% 98% 38% 95% I 6 SS Lines Eastman General 19% 12% dep rets reg£l Gen Flreproofing__t 1st pref—100 $3.50 2nd pref.(t) 8% 1% Special «% stk 30 39% 108 105 Am 75J 24 com Preferred iiH 8 1% 19% 91 2% East Roll Mill Eastern 9% «§** 60 Prior pref 4 35 27 25 6 Lock Eastern Mfg 59% 74% Continental Mot (t) Oont'l OH (Del)... 5 Oont Steel Corp.(t) Preferred 100 83 Cert'n-Teed Trod._T * 6 26% 24% Eagle 4 73% Per share. 38% 7% preferred.. 100 General Electric, (t) 1% 1% 24% com 6% preferred. .100 Duval Texas Sulp (t) 11 59 (vot)__(!) Class B "4" 10% 3% 8% 1% Pf(8%)(non-v) 100 Continental Can..20 ^3/s 70 300 1 Caterpillar Tract. (t > CelaneseCorp —(t) 7% 1st part pf. 100 7% prior pref. 100 Oelotex Co com.(f) Vot trust cti__(f) 7% pre! 100 Celluloid Corp ...16 1st preferred., (r) $7 pref (t) k Central Agulrre Associates (t) Central Airport .(t Centrifugal Pipe Century Rib Mills.. 7% preferred.. 100 T% 2 Bid. Par Gen Olgar common t Hosiery— Durham "3" Stooks. Per share. 1% 6% prior pref. 100 7% 1st pref...100 Container Corp A.20 Class B t Oont Bkg A (vot) (t) Ask. Bid. Par, Stocks. Ask. Consumers Oo com 5 Case Lockwooa A Catalin Corp Bid. of the month preceding the date of Issue. Per share. 62 % r Par. share. 145 r Stocks* Ask. Bid. Par. STOCKS MISCELLANEOUS & Quotations for all securities are as near as possible for the closing day t Without par value. 25 21% June, 1934.] INDUSTRIAL Quotations for all securities Stocks. Par Bid. Stocks. Ask. Par MISC ELLANEOUS & are as near as H Rubensteln (t) $3 pref (f) (G W) Oe Common. 26 7 % non-cum pflOO Hercules Motors.(t) Ask. Bid. Stocks. 1 King Royalty KlnnerAlr Mot.l & 74 % % A% 28 Hercules Powd_. (t) 7% preferred-.100 122 70 125 flerr-Mall-Marv 100 21 23 Kinney (G R) Inc. 4 $8 preferred 100 Kirby Petrol——1 Klein (D E) Co—(t) Kleiner t Rubber—10 Knox Hat com..(f) Herahev Chocolate t $4 conv pref t Heyden Chemical. 10 60 62 903* 323* 933* 1st preferred 100 Hlgbee 1st pref..100 2d preferred 100 40 43 18 20 Hires (OE) OoA.(t) Hollander (A)A8on_5 Holland Furnace, (t) Holly 8ug Co i Preferred.. TOO Hooker Electrochem¬ 24 11 83* 65% Heywood-Wakefield ical J.100 Preferred 100 Hormel (G A) & Co t Horn (A O) com., (t) Horn A Hard't(NY)t 7% preferred.. 100 83* A* 22 25 73 78 35 40 1 Howe Scale com.(t) Preferred 100 Hudson Mot Car .1 Humble Oil & Ref(f) 22 3* 23 19 20 43* 16 Common..".. 1 7 % pref stmpd 100 HygradePoodProd.5 Sylvan.(f) (f) 33* 4% 3 7% 123* 43% 33* 12% 43 3* 3% 25 A4 16 Merrimac 10C 100 10% 67% 32 5 of Canada com..5 5% 10% 1 tH Lakey Fdy & Macb 1 t 25% 1% 26% _(t) 7% pref w w__ 100 Lee Rub A Tire.. 12 11% dep rets ord £1 Indepen Brew'g 60 32 Class B 68 Class A vtc (t) 22% Class B vtc Lima 32 Industrial Rayon (t) Insersoll-Rand (+) 4* 95 Ai4 142 147 20% Link Belt Co Lion (t) 1 39 Liquid Carbonic .1 Locomotive Fireboxt Loew'slnc.. 4 Refg 4% Interlake Iron (t) Tnterlake Steamsh(t) Int. Agrlc Corp—t 2p Loft Inc 25 JJ4 16% 3% 28 Tot Cement Corp. T 85* 233* Int Cig Mach—(t) Harvester—(t) 30 Int 7% preferred--100 Int Merch Mar., (t) Int Nickel (Canada)t 7% cum pref.. 100 Inter4>aper7% pf 100 Int Pap ** Pow A (t) Class B (t) 1% Bis. .26 38 123 Taylor..100 32 % 123 4 25% 125 19 43* 2% --(+i 2 7% preferred--100 (t) 85 A Lortllard (P> 6%% Ludlum $6V* 85 10 pf-100 conv Steel 173* il" 1 72 18 35 Lynch Corp .viaeAnd A Forheg 10 6% preferred..100 85 32% 104 Macfadden Newsp.t 3% Macfadden Pub—(t) Mack Trucks Inc (T) SI4 25 6% preferred.-100 Internat Prod—(t) 85 Macy(R H)Co Inc.t Mad 8q Gar v to (t) 39% 6% (t) Mallison (H R) 4 7% preferred. .100 Sugar ..10(1 7% preferred.-100 J% if4 2 2% 28% Manati Mandel Bros Inc.(t) „inn 5% 34 333* 75 3 Mangel St com_.(t) 6%% pf w W..100 1 Internat Shoe 1 Silver. Mannattan Shirt 25 Interstate Dept Sts.+ 12M Manlschewitz 7% preferred-.100 Interstate Hoa'y.(t) 70 intertype Corp— T 8% 4% Trying Air Chute. (1) Jewel Tea Johna-Manv 7% (t) Inc. ft) preferred. -100 48 483* 1113* (t) 63* 393 253 40 4 41 14% 6% 35 5 Marancha Marine Midland. 8* Marlin t ~2% 4% 4% 7 9 7% 73* 5 Steel com 100 26 7% pref lOO 70 Marion St Shov_.(t) 25 Marmon Motor Cart K C StockYdsMelOO Preferred MarsballPleldA Co.) 72 Kaufman Dep St Cora ..--12.50 Martin-Parry 25 2% 12% Maytag 100 Preferred 7% 143* 85 Kayser (Jul) A Co. 5 Keith-Albee Oroh— 17% 7% conv pref. 100 Kellogg Switch A 810 Preferred 100 Kelly-8prlngf Tire.5 6% preference (t) Kelsey-flayes Wheel Conv class A...-1 Class B —-1 Kelvtaator Oorp-(t) Kendall Co— $6 part pref A-(t) 40 5% Masonite Corp asonite 8 it" n* Kimberly-Clark. (t) Kingsbury Brew_-1 - 5% $6 Co T prof.. _(tv $3 cum pfww.(t) $3 cum pfx-W-.(T) McCaii Corp.. <ti McOord Rad cl B (t) McOrory Sts (vot).t Non vot 6% cm conv cl B.t pf--100 McGraw-Hill Pub.f 14% "73* Monsanto Oh WkslO IS 42 n Nominal, r Canadian price, s 1 25 110 (t) Moody's Invest Serv part pref." (t) k 203* Moore Dr For A.(t) 123* 42 Morrell(John) A Cot Morris (Phil) Ltd. 10 Morris (Philip) Cons t 23 25 Products 4 43* 4 (t) 11 373* It* 76 6 253* 25 293* 27 27 3% 2% 2% 19 7% 3 23* 23* 203* 93* Sale price, x 15 53* 33* 1403* N'West Yeast.—100 A ---(t) 23* 7% preferred—50 Norwich Pharmacal t 793* 203* Agene—(t) 5 113* r r -4 B 135 60 12 (t) 19 1st preferred ..100 2d preferred—100 78 65 Ohio Leather (t) Ohio Oil Preferred 113* 100 84 Oilstocks, Ltd..—t Okonite pref 100 Oliver Farm Equip. 1 33 93* 33* 163* 53* 903* 6% pr pf w warr.1 Omnibus Corp ^ t r 4 62 Ontario Steel Prod(t) 115 Oppenbelm Collins.t "93* (t) 153* 1003* 43* 34 r r Otis Jb 1423* 273* 35 Elevator "33* 73* 343* 1433* __ preferred.-100 ' Otis Steel 7% prior pref-100 Outboard Mot A-"1 Class B Outlet Co com 7% preferred- -100 Owens-Ills Glass^,-26 6% preferred——T preferred., (t) 2d preferred., (t) Pac Eastern Oorp.l 1143* 1st Pacific West Oil. (t) 40 7% 1st pref--100 Nat Dist Prod—(t) Nat Enam A Stpg (t) Nat Fire-Proofing 50 Preferred 50 Nat Fuel Gas.—-(t) - Lead—100 7% pref A 100 6% pref B 100 National National Leather.10 100 100 A Type preferred _.—100 153* Packard Motor— (t) Pairpoint Corp 100 Pan-Am Airways 10 . Panhandle PAR 173* 17 3* 8% conv pref_100 Pantepec Oil Co—t Paramount Mots, (t) 97 993* 13* 163* ii* 253* 13* 2 153* 140 1393* 113 13* 2P 153* 1403* 1433* 1163* 13* 30 80 Paper 2b 100 t No par value. 1 5 73 Transp com 1 t 5 53* 80 23* 23* 23* 23* 7 33* 18 363* 103* 13* 15 13* 43* Paramount- Publlx Ctfs of dep 10 Parke, Davis Co. (t) 27 38 Pan Am Petrol A 38 BX 1143* 733* Oxford Paper Pacific Coast Co.-10 141"" 33* oA4 28 92 17 39 -- 35K 16 110 6% A.100 153* 313* 323* Stores, (t) . 26 36 P p Nat Dairy Prod—(t Preferred cl A-101 Ex-dividend, 5 8 Candy——(t) 1st preferred--100 2d preferred--100 . 7 — North A Judd North Pipe Line—50 N'weat Eng com_(t) Ohio Brass pref—100 53* 1 Nat Kef com 23* % North German Lloyd Amer shares (Jgiivie F1 Mills—(t) Preferred——100 17 Nat Nat Texas.5 Oil 1 No European 21 iIM 100 Preferred 33 Corp convpf—(t) Novadel 63* Baking. (T) Nat Bella"-DesH 1 Nat Licorice com 22 Match.(t) No Amer 8% conv pf $2 conv pref 35% 5% Avia.l Amer 55 Nat Cash Reg-- % 3* 1% 43* Corp.(t) Noma Elec North 105 Nat Container 443* (t) (t) 323* it* .A4 43% 33* 253* 93* 20 Myers (FE) A Bro(t) Nash Motors (t) Nat Acme (Jo 1 Nat Aviation 10 Nat Dept Niles-Bem't-P'd 7 3* 37 100 31"" 483* 93* 233* 93* Nat Casket com_(t) Preferred $7—("D 29 78 10 File— Rubber 32 — 5 28 15 (t) N Y Shipbuilding—1 7% pref 100 Norwalk Tire 15 83* 223* 93* Corp..5 12 30 253* 1103* 29 Mount'n A Gulf Oil 1 Mountain Prod—10 Nat Breweries 113* Merchandise- Class 1363* 128 & Morse Twist Drill Mot Wheel Y Common 25 6% Nat Carbon pref-100 40 "23* Ward A 10f — North Cent 23* 100 Common A 100 100 pref Nitrate Corp of Chile ctfs for ord B—— 60 Molybdenum vtc.l Motor Second Northam Warren 23* 15 H 473* w.100 Preferred Montgomery 1 _ 17 25 Rubb-_(t) Preferred fc Last sale, w 13* 13* 153* (t) NY Investors com(t) Nicholson 13 Preferred 23 2% — Stores Co com..10 1st 22 Cor.4 Massey-Harris. ..(t ~(t) (t "..100 7% preferred Mathi'son Alkali, (f) 7% preferred.. 100 Part pd rets Mavis Bottling A..1 Mayflower Assoc. (f) May (The) Dept -10 Kay nee 1 Corp 65 100 3 Rockwell Kalamazoo Stove (t) Preferred Mohawk Land, (t) Arlsona N Y Auction N Y Air Brake N Y Tr Jranslt 16 (t) Common 7% preferred—100 10 7 % preferred- .100 Corp—5 MaracaiboOO Rxpl V}X Mock Judson A Voe Nat Biscuit Margay OilCorp_(f> $3 cum pref—(t) Jones A Laughlln ~1% 93* 33* 233* 63* ¥ Pref class B—100 23* 3* 15 Mo Portl Cement 59 5% non cum pflOO 3 Implem__t Dref-.-f National 1 30 19 8% cum pref__10() Murray Corp 10 Murray Ohio Mfg ,1 33 3 63*% pref.100 pf .100 N J Worsted 143* cum 13* 24 New Hav Cl com.25 N $7 conv pref—(t) Munsingwear Inc (t) Murphy (G O) Or Common (t) 73* 13* 33* 13 123* 203* 23* 73* 73* 1 JonasANaumburg(t) Power Muliin* Mfg ..(+> Johnson Tin Foil A Metal.. —100 "33* New Mexico a Mlnneap-Honeywell 45 Regulator ( 6% pref ser A.100 k 1003* Minneap-Mollce $6.50 3 Engl Grain Products com.-(t) New Sons inr A Mouquin Inc B— 4nr (I) Pref 6V*% 2% 7 Mapes Cons Mfg.(t) Maple Leaf Mill- (t) Miller 13 Class B 83* 173* Mill Factors A—50 63* A—(t) Preferred New Bradford Oil. _f ^.1 Moto Meter GAE.l A Co class Class 71 First pref Midvale Co 92 -1'»< N Y Dock. 5 Manning Bowman 30 Preferred. New Bedford Rayon Class A 84 1st pref.-100 $2 non-cum div sh (t) 5 5 com 113* 723* 8% 83* Cord Bedford 77 73* ■» cam. A Machinery. .100 5 7% preferred.-100 IntTextBook—. (t) Internat Salt Preferred Midland Steel 107 20 Preferred New 23* Royalty— $2 conv pref (t) Class 17% 27% 1% "23* 14 pf t 5 cum conv 123* Class A 7% preferred-.100 Louisiana Oil Kef (t) 66 58 Midland Co common Int Ptg Ink com. 1 100 Intl Saf Kaz B...(t) AX 40 1253* Int »'etrol Internat Pulp Preferred 63* 23* 136 1st preferred..100 2d preferred.-100 Lord 1 6 31% 953* 2 1 Wiles boose 43* 28% 313* 92% 5% 7% 1st pref...100 134% Inter Button Hole Sew Machine..10 Int Carriers Ltd pref.(t) Loew's Boston Th 25 17 ' 4 Long Bell Lum A (t) 7% prior pref. 100 Int Business Mach.t cum 203* 233* 23* 2 55 $6.50 953* 22 23 Oil 6% 22 21% 92% 10 t inter 10 Middle States Pet— 10 53 10 102 3 iO 23* 7% .100 1 .(t) MId-Cont Pet Products Wks.i Locom Lindsay Light. Preferred 2 6% preferred—100 Inland Steel (f) Hub 26 40 Newberry Realty pf Newport Indust—] (t) Sugar Preferred— 3% % 193* 883* 33* 43* Bros "43* 100 Michigan 15 1 (t1 7% conv pref 100 Nelson (Herman)..5 Neptune Meter A (f) Nestle-le Mur cl A_t Newberry (J J) Co Common. (t) age 3 % 93* t Nehi Corp com—(t) 23" 2 Lib McNeil A Lib. 10 7% preferred.-100 Lily Tulip Cup—(t) 100 21 j Llg A Myers Tob_26 Corp.t 45 Mexico-Ohio Oil_(t) Mich Gas A Oll.-(l) 99H 2% Cum pref....100 Indus Finance vtc 10 3 11% 8% 28% 3 3 22 29 73 75 Liberty Baking._(t) Preferred 100 (f) 100 AX 20 3* 73* Common 41 90 B 1% 50 27 Common 47 14 Life Savers —..—5 Indiana Terr Ilium— Oil non-vot A.(t) 50 Preferred (t) 5% 1253* 23 21 3« Natomas Co of Gal _ 1213* 4 com Neisner 74% 3% 9% 25 25 c" Preferred 60 Indiana Pipe Line 60 Indian Refcom___10 82 Metrop Tobacco. 100 Libbey-O wens-Ford f Am 14 Mexican Petrol. .100 3 8 Lehigh Valley Ooait 6% cum conv pf 50 Lehman Corp (f) Lehn A Fink Prod 5 Lerner Stores 323* 26 15 11% 2% 10% 6 Pf with war—100 11% of Gt. Brit A Irel'd 17 153* 493* 123* Preferred 100 Nat'l Transit 12.5V Nat Union Radio (t) Metal A Thermit-_t 70 100 Cement Nat Tea 333* Nat Tool com—-.50 Metro-Goldwyn— Pictures 7% pf_27 Lawrence Portland 7 % preferred--100 15 (t) Preferred 153* 2 Nat Sugar Refg—(t) Nat Supply n«»— 25 46 25 Metal Textile pref. + Metrop Pav Brick-t IV4 73* Merrlt, Chapman A 33% Lane Bryant Inc 100 75 (f) .. 393* Warrants 12 63*% pref A—100 31% 25 Leonard Oil Dev Imperial Tobacco Preferred 45 : Nat Steel Car Ltd(f) Nat Steel Corp— 65 Mesabi iron 1 k Mesta Machine...5 Landers, Frary A Clark 40 3* 2l% Nat Steel Corp... 25 Warrants 57 20 4 63* 11 . .... Hat (Jo- Scott.. Preferred Bid. Nat Rub Mach—( Nat Screen 8erv_( Nat Service Cos.* Conv part pref. Nat Shirt: gh Del 1st preferred. .100 2d preferred 34 963* Mergenth'ler Llno(t) 30% 17% 30 7% preferred--100 29 143* 14 3* Class O 113* Woods the — 53* 33 Merchants Refrig. t Preferred 100 Merck Corp pref. UK1 Common Leh Coal A Nav-(t) Leh Portl Cement 50 22 Imperial Oil Ltd (t) Registered shares. Imperial Tobacco Intercont of Lake — Merchants & Miners 11% 11 Lefcourt Rlty Corp 1 Conv pref (t) % 26 "58"" 4 55 Corp _ 108 Lambert Co Huylers Inc— Indus Accep 18 ' 20 T,,(: Shoe 73* 30 54 Transportation (t) Baking common 4 50 102 __t Ideal Cement Illinois Brick 3P 17% Laclede Steel 20 50 (t) 1st pf 6% 100 Mengel Co.. 1 7% cum pref..100 Mercantile Stores(t) Preferred... .100 Kroger Grocery A 1013* vot tr ctfs new..25 Hygrade 84 563* 103* Par. Ask. Per share. 86 33* pf A. 100 conv common.... 3% 31% 6% preferred 10 Kreuger (G) Brew 1 15 Household Pin pf.50 Hupp Motor 7 % preferred- -100 Kress (8H) A Co (t) 63 Houston OIUTexllOO 6% McWm sDredg_.(t) Jfc Mead Corp com -(f) k Melville 82 100 Kresge Dept Stores 1 8% preferred--100 Kresge (S 8) Oe— Com (vot) 10 29 viead Johnson A Col % Milling (t) xr& Koppers Gas A Ookf 10 93* pf A..50 conv McLellan Sts com(ti 2% 4% 37% £1 Preferred 73* Melllns Food (t) Amer shares 4 Houdaille-HersheF Class A Class B Common 823* McKesson A Robb— Common 5 7% 32 2% 10% 6% % Cum pref 7%-100 Kolster-Brand Ltd— 33 McKeesport T PI (t) 6 Kobacker Stores— ny 137 Stocks. Ask. Per share. 8% nlH 70 Preferred 113* 106H Bid. Par Per share. Per share. Helme 93 STOCKS possible for the closing day of the month preceding the date of issue. Parker Pen—-—10 k Parker Rust Prf—(t) k Park A Tllford Parmelee lnc.1 Trans, (t) Pathe Exch Inc— (t) $4 pref cl A (t) Peck. Stow A WUc 26 Peerless Mot Car-.3 43* 23% 23* 58 3* 243* 1 23* 213* 4 4 i?* 3ff 94 INDUSTRIAL atocka. Bid. 8tocka. Ask. Bid. Per share. of the month preceding the date of issue. 34 15 Rice Stlx Dry Gds.f 28 Penick 53% T Fora a (J Penney 7 cum (t) cl A pflOO 55 8%% (t) Perfect Circle fitter Dental Mfg_t 59 5 Robinson (Dwight P) 1st preferred--100 12 4% 43% t 20 Phillip-Jones <~iori> * Roosevelt Field Root Ref Co 7% preferred.-100 v t c (t) Pie Bakeries Pierce-Arrow 8% 63 Russeks 5th Ave .2ft ioro 7* pref_100 conv Pierce Petroi... t 1% 1% PUlsbury Flour MIIJb 25 (t) Pirelli Co of Italy Am sh* 600 lire common 73% 3% ... (t) 11% 30% 48% 6% preferred-.100 25 Pitts Screw A Bolc( t> Plttsb Steel 7% pflOO 7 26% Pltcshurirn Hteel Fily Common. —_(t) Prefer reu 30 preferred _(t) conv 30 it) J* 7% preferred--100 ProcA Gamble 33% (t) 8% Preferred...100 5% pref. 100 Prod A Ref Corp. 50 7% conv pref.-10 Producers Royalty-1 Propper M'Oall'm(t) Publication Corp (t) First pref 110 3» 48% 10% 67% (+) 8% preferred..1flr 6% vot pref...100 Purity Bakeries.-vt) PyreneMfg ir Quaker Oats (t) 6% preferred.-100 46 13% . Radio-Keh'b-Orph 113% Railroad Shares. _(f) Rainbow Luminous Product A Class B com % common Selby Shoe^.. (t) Selfrldge Prov Stores Am dep rets £l Sellers (G Servel, Inc, 7% pref. Seton Leather (t) Shaler Co class A—t Sharon Steel Dp. (r) Sharp & Dohme f 93 60 conv pref__f Pen (t) £2 rransp A Tt Shell Union Oil t 100 pref t (Ju Petrol Co_10 (Franklin) Skelly Oil 3 26 11% Relt (Robt) A Oe (+) "2% 7% non-cum pflOO Smith (A O) Corp( + > 7% 1st pref..-100 Reiter-Foster Oil.(t) 18 100 1st Preferred % ({) Stores Reliance Mfg comHO Preferred 100 Remington Arms__t 1 cam 7% 1st pref... 100 8% 2d pref...100 6 Reoubllc Steel. _(f) 6% conv pref. 100 Respro Inc t Preferred 10 Cop & Br. Class A 10 1% cum pref. .100 Reybarn Co Inc...l Raynolde Spring Reynolds Tob B common Last sale, (f) t 10 10 n Nominal, inn 23% 31 3 32 41 41% 41% 48 100 "4% "9% Pref with warr.100 3 12 22 ---- 2J 40 "7% 73 7% 5% 9% 10 12 20% 8% 25 73% 76 65% 8% I§" 16% 84 5 6% 15% 8% 16 9 48% 163 167 South'n Pipe Line 1 Southland Royal-(t) South Penn Oil 82 So Porto 65 16 29 30% 23% 2,5 RlcoSog (+> 8% preferred-.100 S'west Pa P L 60 24 109 7% 27 32 8% 12% 15% 16 n i% 23% 3% 8 34% in ThateherMfg( votR t'» $3.60 conv pf-_(t) Thayer-Fobs pref 100 40% 17% 5 .1 7% conv pref..100 Tbompsou-s turret (t) 13% pref (t) 10J 12^ US 1 U 8 4 i 950 8% 34% 6% 13 43% 25 5% 3% "3% 19 21 7% 13% 14 Thur berEarth Prod 8 10c . 6% Tide ammo conv Water « pref. 100 oi 5% conv pref. 100 Tlmiceu-Det Axie.io Tlmken Roll Bear (+) Tobacco A Allied Stocks, Inc 7% 3 75 15 Traus Air Transp " 2% 6% TramamerlcaCorp TraDs Lux Daylight "4% "5% 7% 36% 5% 22% 31% 23 129 Furnace pref 47 ion 11% Preferred 100 Tung-Sol Lamp..(t) $3 conv pref f m 43% Sale price, x Ex-dividend, f Without par 101 "§" 141 non-cum United Stores A $6 t pref (t) (t) United Wall Pap.(t) conv Univ Leaf Tob.. (t« 8% preferred-.100 Universal Pictures(t) Unlv Pipe a 7% preferred-100 pref_100 conv Preferred Vanadium Van Raalte O® % 3% 44% 123% 2% "4 65 ^ % 3% 46% 125 4 38 42 1% 12% 18 9 2 50 1% 20 1% 22% 2 5 20 30 19 19% 5 8% 76% 77 7% 1st pref._ .100 Venezuelan 3% 60 103% * 10 Corp Venez'l'n Mex 011.10 ' 1% ~6" pflOO 7% 7% 60 Triplex Saf Glass— Am dep rets reg £1 Truax-Traer Coal (t) Trumbull-Cllfr* (t) com 1st pref 100 U 8 Tobacco.... * Valley Mould A lr®n com men (t Steel Forging.__i UHeo Products. _(fi 125 44 84 U S Stores 48 28 18% 44% 1% 116% 61% Vadsco Sale® Oorp Common (t) 58 m m 7 39 6% 29% 26 6% 18% 44% 1% 114% 59 92 (t) — <m •» 10 83% 6% 28% .(t) m 38% 90 Tob Prod Expts. (f) Todd Shipyards (f) 5 17 3 10c UticaKnit Co... 100 12% 19 25 7% preferred.-100 U 8 Hteel Corn 38 1% 32 U 8 8m Kef A Mln_60 83 Picture Screen.. 1 Transue A Williams 5% lstpf-100 t n-cu U S Rubb Reel 12% 82% 26% 2% 6% 1% 8% (+) 8% 1st pref—100 Rad 1 7% preferred.-100 30c Torrlngton Co... 100% Rubber Vot tr ctfs 35 Thompson (J R) ..25 Thompson Prod *■ w T Realty & Imp 22 3% 16 50 U S Radiator_.._(t)|k Preferred 100 k 5 3% 24% 21% 18% 24% $1.20 1st pref--(t) U 8 Playing Card. 10 U 8 Print A LitheCommon (t) 7% preferred.._50 700 Texas Gulf Sulph (t) Texon OH A Land—t Fide pf_100 A cl A (t) Preferred 6 Trunz Pork Stores(t) Truscon Steel... 10 s 11% 2 10% 11% Trust old stk..100 Ctfs sub shares 1 .. t c_(t) conv U S Lines pref.-.(t) U S Pipe A Foundry Common 20 98 TexPac CoalAOil-10 Texas Pacific Land Co ▼ Part J« .100 Preferred 50 Texas Corporations Therm old Machln'y5 (t) Alcohol, cum pr 7% 2% .+ Telaut'g'ph Corp.. 5 Tenressee Corp.. 5 Tennessee Prod-.(t) 13% 60 Canadian price, 24 t A Hoff S U S Ind U S Leather Taylor Milling ..(f) Taylor-Wharton 35 25 r 4% 9% Southern 10% 22% 3% 53% 3% 9% 62% 65 12 30% Taggart Corp com.t Tasty east Inc cl A(f) Taylor-Colquitt Co t 105 20 7% preferred-.100 U 1 Symington Co 66% 13% U 8 GyDsum Tnteruat'l—1* Swiss Oil Iron A Steel com.t 47 99% 2% 9 3 ii* Preferred 100 Technicolor Inc._(lM 5% 46 Southeast Class B_ Swift 1 26 U 8 Glass 25 Co A 1 U S Freight 1K "8% 10 Sonotone Corp 45 Swift (t) 100 Preferred. U S Foil B "6% 5 100 100 . Preferred 7% Preferred-. U S Express U S Finishing 110% 5 (t) Superior OH 1 Superior Steel. ..10<> Class 3% 16% Exp 100 South Dairies A-._t 11 : vt 0% cum pref..100 Superheater Co - 7% conv pref-100 Envelope 100 U S 59 Mach'y.(t) Oil com A (+) (t) U S Dlstrlb— 4 Swan A Finch Oil.25 % 60 55 4 22 t Car. Sweets Co of Am.50 % 2% U 8 Dairy Prod Common B (t) Corp t 7% preferred..100 - 6 8ocony Vacuum Corp 25 Solvay Amer Inv— 4 Studebaker Motor 100 Preferred 8 SunrayOIl 3% Smith & Corona Smyth Mfg <^ ..25 Snider Packing., (f) Reynolds Invest—.1 Met .100 Typewriter 100 Roo Motor Car Reynolds 22% * 6% cum pref. SlosN-8beff S f 6H% pref . Stroock A Co Stuts »• A 8ons Sentry Safety Con(f) Hervel Co. 1 7% pref...100 Singer Mfg 100 Singer Mfg Ltd £1 ... Revere % 4% 100 Co 60 (f) Button-Hole Machine 10 Reece Fold Mach.10 Reeves (Daniel), (t) U 8 Bobb A Shut.100 7% sun Simon Reece pref Rem t'n Rand 92 Sullivan ... SImms Red Bank Oil 2% A Fuller(t) Stone A-Webster (t) preferred .10 10% StixBae 107 Simmons 18 Silk Hosiery M (vot) 10 7% pref vot 100 Stl nnesc Hugo) Corp t 115 Pub tr ctfs com 50c Reliable 88 Simmons-Boardman Raytheon Mfg Real 26% 31% 111 103 6% pref ser B-100 26 Seaboard Oil (t) Seagrave Corp t Sears, Roebuck 8r Co common... (t) Seeman Bros (t) Segal Lock & Hard¬ ware com (t) Selberling Rubo. (t) Preferred 22 Raybestos-Maim&c t 7 Un Publishers pf 100 Untd Sh Mach Oo26 Preferred 25 50 100 (t) (+) . .. 12% 47 . 0% prel AA ..IOCi Sher-Wms Oan__(t) Preferred Preferred it) -.26 Stewart-Warner 10 t 1 Sk - R'can com Un Prof Sharing, (t) 23 Ketab 100 Preferred Sugar 1% _ Sherw-WUllaTn* __2f 30 U nit Piece Dye com T 97 (J By Preferred 26% 30% < 6 % % conv pf. 100 29' Raymond Concrete Vot t rcts_.£l 100 Amer dep Unit Paperboard 9 % 4% 21% Shell t Rainier Pulp & Pap. Pile __t 8 % preferred Scott Paper % Sheaffer t . com _t . $3 preferred __(t) United Molasses Ltd Stetsoo Shatt'ifit '*Vank r»\ + * . 25 --(+) "7% 7 % preferred ..100 88 (t United Fruit Un Merch A Mfrs. t 2 Common 93 7 t Un 35% 36% Preferred 100 6% 5 Knar A Fdy— .* Preferred 100 67 United Port® % 96 Preferred 100 PiUman Inc. Pure Oil Co 3% 88 Scovill Mfg Hall United Drug Uuited El Coal 10% % Preferred teelCoofOan— (t) 7% pref ser A.100 2 16 Prat.t & Pressed ctteei Car — 10^ arefnrred 7% preferred.. 100 ScbuJte Real Est.(t) 21 109% 18" 1 10 6%% pref 100 eln Cosmetics-.(t) Sterling Products-10 frnd. Schiff On 2 ,9* 1* ..2h Corp 220 Schulte 5 — 100 6% pref United Dry Dock (t) United Dvewood._m 36 % 6% 5 Schenley Dtstillers-5 4% 26 Lambert-_t « Savoy Oil Prairie Pipe L Prentice ~3% 32., 12% Gas .26 a — Sanborn 8 New com w 1—5 15% i§* 100 Map 100 Savage Arms if) Savan'h Sug com__t Salt. Oreek 4 (t) (t) 1 ' Salt Creek C®n Oll.l $3 part pref 7% preferred-.100 62 61" 10C St Regis Pap. com.t °referred 10° 33 Porto Ric A Tob— Prairie Oil 100 k Preferred (t) (t) Common United Milk Prod (t) s Worn® Stanley 112% 11% Un Cigar Stores— 90 109% Prod-t 41% 7% preferred-.100 ' Preferred B tarrett Pacific O® 13 Preferred A 56 49% 7% 15% 25% 112% (t) Unltecl-CarT Fast (f) United Chemical 39 \ 42% 19% 100 A 34 96% 2 Rocky Mt & 73" Plymouth Cordage— Plymouth Oil 6 Poor & Co class B.(t) Potrero Sugar ■; 5% 33% 26% 38 5% guar. pref. 100 bandard Screw. 100 25 Plimpton Mfg Col00 Class B 100 7% preferred--100 3% 38% 100 (f) 32 __10f com U band Oil Export 3 Preferred °t L 13 Class A 112 10 St L Nat Stk Y-.100 6% preferred-.100 pf 104 9 13% 3% 10C Pitts United Corp 2r conv 2 32 34 52 3 7% 50 Preferred Plttsb Term OoallOO Pittston Co 48% 2% St L Car Co com__10 30 Pitts Ooai (Pml.-)ftu Plttsb Pi Glass Mills 75 3 (f) . 78 48 8% of Am com 26% 32 6 11% 7% conv pref-100 United Carbon + 20% 124 29 25 (Oal)...(t) d OH (Ind).—25 d Oil (Kan)—10 Stand OH (Ky) —10 band Oil (Neb)_ .26 tand Oil of N J-.26 band Oil (Ohio)..26 5% preferred.. 100 St Lawrence Flour Pitney-Bowes Post. + Plttsb Brewing Preferred 25% A + (t) Steel -5 20% Warrants.. Unit Amer Bosch, (t) Umlted Biscuit— 80 77 sand Com Tob—t 33" 27 40 20% 123% Stand Oil 103% 111% Un St YdsOmahalOO 29 "5% Brands (t) cand Cap A 13 5% 1% 75% Safeway Stores-_(t) 0% pref 100 7% pref 100 St Joseph Stk Yd 100 St Lawrence Corp(t) Pref class 1 34% 31 Union OH of Oallf.25 Union Tank Car. (t) Union Tobacco—(t) Unit, Aire A Trans. \ 84% 100 Preferred (t) ... 9 25 pref A -(t) $7 pref ser A tandard Brew 55 FRher. 8% preferred—-1 bandard % % 33% 12% v Ryan Cons Petrol (1) Safety Oar H A Llou 2% Union Carb A Oarh t 3 Underwood Elliott 55 8 % 100 5 Ruberoid Co 10% Unexcelled Mfg__10 (Jn B A P Corp.. (T) 83* 4% 7% preferred.-100 50 1% 1% 1 Royal Typewriter(t) Preferred 100 3% Governor.(t) Pierce Oil Roval Dutch On N Mot Oar Corp Pierce $6 1% 5 1 prior pref. 10 Corp-.(t) Roxy Theatre— Preferred A (t) 8% 85 36 conv 2% Conv in 18% 5% 52% 9% 52 48% 77% 19% 5 Rossia Int 65 5 ITt) 25 12 7% preferred--100 Phillips Petrol 1% 4 100 irA 4 plegel-May-Stern Common (t) 59 ..10° 4 ♦ 10 52 deferred 14 5% S Rogers Peet 15% 5 7% preferred-.100 "9% 24 64 t A C® pear 23 7% preferred,. 100 Tung-Sol Lamp—(f) Uleu & Co com._(t) 50% 6%% pref—100 Kellogg, (t) (t) Rocky Mt Fuel.-100 15" 3% 1 Class A 14 9 pencer 100 Co Rockwood Preferred 14 Phil A Read O A I_t t t) 7% conv pref tlke-Kumler 3% 31% Phoenix Hosiery. 1% Common Riverside 811k Millst 7% preferred—100 k 101 Pet Corp or Am ..5 10% Petrol A Trading A_ 11 Phelps-Dodge 26 15% Pnlla insul Wire 1% Tublze Chatillon —1 42 pref.-100 parks-Wlth'gt'n Co Rlchman Radiator— 107 ..t it) Pet Milk pang 6% cum 5 40 % pf—10 conv 90 21 51 f Peoples Drug Stores Common 60 7% 1st share. Par 10 55 4 60 Fuel .—2 Penn-Mex 9 pref—100 Ohalf't A Co t 18 1 7% convpref A100 ivifg paldlng(AG)ABr(+) 99 1% 15% 6% 22% 3% Pa-Dlxle Cement. Salt 55% 10 9% Bid. Stocks. Per share. Par 96 100 100 Richfield Oil of Calif 25 Pref x-warr 110 108 Penn Coal A Coke 10 Penn 55 Co O) Common 0% pref ind pref ist Ask. Bid. Stocks. Ask. Per share. Par Pender(D)Groc'y Ar Class B (t) STOCKS MISCELLANEOUS & Quotations for all securities are as near as possible for the closing day Petrol-5 10 % '% % 2% 3% Va-Caro Ohem— 8% 37% 2% 70 80 11% 15 05% 6 30 4% 23 value. t 7% prior pref-100 0% part pref. .100 Va b-on O A Ti_.ion 20% 2 Common 37% 5 % preferred -.100 Vlck Chemical 5 Viking Pump Preferred..... Vogt Mfg Vortex Cup .+ t (t) t Class A (t) Vulcan Detlno'uglMc 7% preferred-.100 67 17 5% 71 18% 8% 25 35 32% 4% 29% 6% 11% 33% 28 29 60% 62% 106 5 35 , 8% 12% June, 1934.] Stocks. Bid. Par Waco Aircraft Ask. (t) 16X k Wayne Pump Conv pref Webster Eisenlohr(t) 37 preferred -.100 (t) 20 41 4% Com Class (f) 7% preferred..100 23 X 8u 2u 31u IX 2 X Warren Bros Stationery v t c (t) Indies.Sugar. 1 13 u 3 14 u dscius Air Br 27 34 u ^ 8X $3 conv pref___(t) Warren Fdv & Plret 1im V Va 19 25" 24" Watson (J W) Co (f) X Preferred 100 Worthington Pump 80 25 91 A 12X 8* 22 3A Corp— . 29 (+) WUlys-O vpriand ..25 Certificates Preferred 100 25c 34c 34 x 90 16c 25c iou 12 Wilton A Co 37 28 3u 3% 13 100 14 85 X Pulp dc Pap__i niaat 90 7% nreferred-_100 Witherbee Sherman preferred 50 Woodley Petrol 1 Wooaa Mfg pref.iui, 50 61% 15X 26 Truck A To A* 40 7 % preferred -100 Young (J 8) Co-.iOi . Preferred Young 70 92 lOf (L A) Spring A Wire... (t^ Youngstown Sheet 20 t 19 X 41X 30X 10f Coach Mfo"*'B 2 2% 0% 1% :t A Yellow X\\\ 10 Marh Yale A Towne 32 8 49 ..10 Ltd— 7% pref A 100 6% pref B 100 Wright Aeronaut'l.t Wrigley (Wm) Jr.-* 14U Coke.f Preferred Warren(S D) Co com Wastiburn WIro_.(t) 24 X 49 X Williams (R C>„(t) Wll-Low Cafe ---(11 Oonv pref (t) 3u 88 u 1st part pf_50 W Va Goal & 8% 20% 25% Am dep rects ord. Worcester Salt- 100 Wool w'th (F vV 130 5 A. Woolworth 27 se(t) st he Ei A Mr.5n 7% Claae 7% preferred—100 2% 9X 13u 100 Gat Wllcox-RIch & Veston El Instru—t Class A t 2X 1 .. A 3u 1u Western Tablet _ 8 25 106 2% X 100 nr*»f n» 8 WIeboldt Stores (t) Wilcox A Glhbs__50 Wilcox (FT FT Oil 3u 1u West J7/° First pref Spoond 88 6% preferred 27 2 .(t) . 5 feat oalrjr Prsd AT Class B v t 0-. (t) < 5% 23 X com Iron. 100 6% preferred..100 Woodward ALothrop Common 10 12% 20 White Rk Min SpgsStk trust ctfs__(t) 58 u 10 Common A— (t) Western Cartridge 20 u 4u $3.85 cony pf_.(t) Warner-Quiniau WhIte(SS)Dental 21 58 drift 7u ... VA Woodward Ask. Per share. 5 8 Par 19" 16 U M«\eh ( + > $4 convnref (t) 69"" lU $4 conv pref t West Air Express-10 West Auto Supply— 75 18 45 12 64 Bid. Stocks. 90% Wheel Steel Corp (f) Preferred 100 Vhite Motor 50 90 70 Ask. Per share. Westvaco Chlorine pf 2 Wesion Oil & Snow 35 Bid. Par 3 WelchGrape Julce(t) 26 106 Walworth Os (t) Ward Baking OorpOom Class A__ (t) Warner Aircraft- (t) Warner Bros PIct— Common 5 (t) (t) Preferred 100 Wells Fargo Expr__l 5% Walgreen Co coin (t) 25% 6U% cum pf .100 103 Warrants k 2% Walker (H) Good'm & Worts 34 X com—(t) Preferred (f) 15X Waltham Watch Bt,1 5u Prior pref 100 Preferred 17" 100 Stocks. X X 17 X 1^ Ask. Per share. Par "7% 95 stocks possible for the closing day of the month preceding the date of Issue. Bid. Stocks. 2 Class B (f) Waldorf System.__t Co are as near as Per share. Wahl Company. _(f) WalttABuudlncA(t) miscellaneous & industrial Quotations for all securities 16U —-+ 18 % 100 41% 2% 5X A Tube 75U 5X% pref IX Zenith 4 Zonite Products—1 Radio (t) u t No par «eetvaco Chlorine value, r Products Canadian price, Quotations Bonds. Albany Metropolitan 6 Us 1938— Alden 6s 1941 Algonquin Aoartments 6s ctfs ii* ■a* Ailerfcon 55th St 5 ft* 1945 Allerton N Y Corp 5 Ha *47 j*j Ambassador Hotel(Los Ang)6s '43 Amer Insur Dn Bldg 6s '41.MAN Atlanta Post Office 5 U« 11)37 MAS 33 12 X 3l" 65 59 61X 36 H 50 Boston Parcel Post Station— 6Ha Oct 1 1935 AAO Boston Post Office Serv Station— 5Ha July 1 1938 JAJ 33 49 Bowman-Biltmore Hotels 7s 1934 7s stamped $436 to as payment 3 of partial redemp'n 1934 6% notes 1931 ext to 1933-JAJ B'way Barclay Office Bldg 6s 1941 Bway Mot Bids (N Y> fls748.FAA 35 y 29 Bway A 38th St 7s 1945 Bway A 41st At 36 Bids * wis 1944— Broadmoor (The) 6s 1941 Bryaae Pk Bldg (NY) 0Ub'46JAJ Budd Realty 6s Juns 1941 6s Sept 1941 1 54 45 34 4 30 55 x 38 45 42 42 74 56 57 94u 6Hs 1936 502 Park Ave Bldg 6s ctfs 1941.. 15 West 81st St 6s 1944 6th Av A 29th St Bldg fts "48.FAA 1945 42d St 9c Lexington Ave Bldg-— 6 1945. 48 Exchange Place Bldg 6s 1938 1512 Spruce St (Phlla) 1st m As 1943 AAO 51 Fifth Ave 6s 1943 AAO 50 Bway Bldg (N 1) As 1500 Walnut St(PhUa) 1st fls'47 40 Wall 8treet Bldg 1st «• 1958.. 42 Broadway Bldg As 1939..JAJ 42d St 9c Lex Ave Bldg 6 Us 1945 Fox Det Theatre As 1942....AAO Fox Metropolitan Playhouse— •Ink fund oonv 6 Us 1932.MAN Fsx New Eng Thea ft Us *48-FA A Fox Theatre A Office Bldg 18 21 15 92 65U " JAJ 15 21 30 37 X 62 X 44 27 U 48" 60 Park Place Bldg 6s 1937 Sixty-One Bway bH* I96U 38 24 26" Gen mtge 7s 1945 20 X - - 22 X 19 55 AA< AAO 50 Stanley-Mark Strand 6 Us 1941 70 Stanley Real Est 5Us 45.-JAD State A Wa«h Bldgs (Chicago)— 1st sink fund 5s 1948ser A.MAS 17u 2 Sink fund 5s 1948 ser B..MA8 Stevens Hotel (Ohlc) 6s 1945.JAJ */ 25 17 Taft Realty (New Hsv) 0s'4OAAO 37 10 East 40th Street Bldg 6s 1940 45 Textile Bldg 1st 6s 1958 MAN 22 Gen 7nfw.w 1948 MAN 32 X 301 East 38th St Bldg 6e 1939... 35 Title Guar A Trust 6U« 1932-37 Priultv Bide 5Ue 1939..—-J*' 9<% 40 X 2 Park Ave Bldg 1941 J08 South La Salle St Bldg Oorp — 1st • f 5 Us 1958 MAN 29X U 2124-34 B'way Bid? ctfs 50 2480 Broadway Bldg 6U« 30 Tyler Bldg 6u 1963 AAO UD Past Offices 5 Us '35.FAA16 19 United Properties 6s 1942 20 - " 21 88 21 .... 75 55 50 10 42 10 40 46 5 6 Inc— Conv s f deb As 1948 JADIR N Y Athletic Club As 1946... AAO . 45 92 8 Realty, if* Sherry-Netherland Hotel 5%a '48 Certificates of deposit Shubert Theat deb is 42.JAD16 26 X 10 39 Bros JAD 79 Madison Ave Bldg 6s '40-MAS SevUla-Bllt Hotel 7H>'37—MAN 610 Park Avenue 6s 1940 616 Madison Ave Bldg 6 Us 1938666 West End Ave 6s 60 Broad St Bldg 6s 1939 ANY Velsuer Without warrants 9u 75 27% 26u 27 — g* 50"" 7s 1938 New York Title"Mtge 5~U»—-— 30 35 Van Swerlngen 6s ww 1935--FAA 17 30 36 1st A coll ■ f 6s 1938 AAO Varlck 8t Sta P O (N Y) 6s 194; 21X 16% Norfolk P O As Mar 1 1935-MA8 Verth Station Tndus Bldg (Bost) 60 71 18 X 73 {53-AA^ 60 15% 38 42X 35 50 X 36 14 18 1st in s f 5s 1962 Oliver Cromwell 6s 1939 AAO 24 X 5 111 John h* Bldg A« iw4h FAA 1A5 Broadway Bldg 5Us *51 faa General a f 7s 1941 FAA One LaSalle 8t Bldg 6s 1949 JAJ 8 70 Bldg As '34-'35 MAN 45 Wauainake Wardmaa 16u 53% 46 40 m9X 32 k Sale price. 10% 33 12 62 X 50 Parana 45 x 45 X 46 % Claim filed Claim not filed Park Central Hotel 6s ctfs 39 40X 3 15 20 t-'ennevlvimiM Bidu rte 1uhv»-.MAN 52% 43 1st A re (Jahn)Phlia.,6U>'49 16 4 18* 91X eal Estate Properties 6Us 1948--—-MAS Certif icates - 6s 1939 Palace Ho\efuton~ 1954 Certificates of deposit 59u 59 u or deposit.. 22 21 21 Penn York 40X 1944--JAJ 16 Waldorf Astoria 7s w w 58 % 14X Bldg Oorp— 1st leashold 6 Us 57 X Park Lane 45 39 27 Vauderbllt Ave wadsworth Bldg(NV)6s _--- 43 One Park Av 11 Nominal, Certificates of deposit-. .. 40 26 X 15 ...IAJ ser 38 38 38 36 14 14 8 12u 40 40 17 X 15 14 54X .MAS n 14 88 64 Bldg (N Y) 6U5'39.MAN Vat Hotel of Onba As I959.MAS Vat Press Bldg 5 Us 1950 A&oi* 6 Us 1948 AAO Munaou 43 34 X 17 H 1942 Mortgage Securities 5 Us 41 Fox St Louis Theatre Bldg— lstsf 64« 1942 AAO /Flat price, 47" Properties. Inc— 1 - Shelburn.lnc(AtlCy)6U«r40 45 Millinery Center Bldg 7s 1944— Minneapolis Parcel P l>— 62 X tstsf 8Us 1941 Corn— 45u July Bldg(Denv)6Ui,40-MAS / Roxy Theatre 6U» 1040 .AAO / Certificates of deposit / Russeks ftth Ave Bldg 6s 1944... / 3t Charles Hotel (Atl Oy) 4o 1946 / Saks Realty 6s 1945 AAO / 6s 1946 AAO / Ssvoy-Plaxa Corp 6s 1945..JAD / Certificates f 1st s f 5Us 1945 JAD / 49 48 Bldg 6s 1943 56th St 6 4* 42" n"" 19 12 X 6th Art- 38"" 42 X 66 1st mtge a f 5Xa ctfs 1953 6> M AN 1943 Schulte Rsal Estate 6s 1935— With warrants........ JAD 5 54 11X Film Center 27 52 X 27 28 JAJ 37 35 36 Bldg A Us Repub 80 36 Mercantile Arcade Kld< (Los Ang) 1st « f 5 Us 1953 ..JAD 26 26 ttqult Office Bldg (N Y) 5s 1952.. Esrry Sta P O (San FtO As 1934-. 72" 71 Marcy (The) As 1940 34 Eppley Hotels 6 Us 1941 98 99 Dorset (The) 6s 1941 Drake (The) fla 1939 Eastern Ambassador Hot 5 Ha *47 Eighty Fifth Are Qi 1940. 18-20 East 41st St Bldg 6s 1940. 18 Gramacy Park South 6s 1938. 11 42d St t)Ha 1946—MAN (^ulucy Station P O (Chicago;— 6s May 1 1941 JAD Realty Assoc Sec Corp 6s *37-J f 6s 1939 JAD / 6« 1943 AAO / 98 36 ctfs 18" 55" 94 Dallas POfli Sept 15 1936 MAS - 15 15'" Sec • f 5 Us 194A— JAJ Merchants Nat Prop 6s w w '58.- 9 22 X 54 98 (Brooklyn) AAO 8 96 14 Mercantile 49 47 102 64" 43 X 30 7 21' Dec 1 19.38 JAD New Engl Theatres 5s_1958 —1983 5s Pontum 100 Provident Loan Society 6% ctfs— Prudence Co 5Us 1961 / 56 Jewelers Bldg (Chic) As "50.JAD Lake 8b Atb Club (Ohlc) A Us '45 La Salle Hotel 5 Ha 1940 FAA London Terrace Apts 6s *40 MAN Lord Bait Hotel g in A Us '46 AdtO Lords Court Bldg 6 U« 1942-JAD Louisville l» n 5 Us Jan 1 1943 JAJ Majestic Apts 6s 1948 ctfs 64 Fr)~6s UfLFAA Bway Corp 5Us'51__jAJ Certificates of deposit Paramount Theatres 6s 1945 JAJ Corp 6Us 1943-.JAD Park Lexington 6Us ctfs 1953 Props 6s 1940— Debenture 6 Us 1938 Penney (J O) Corn 5U« 1935-50 Plerrepont Hotel 5 Us 1940 I Last sale * Negotiability 22 u 65 61 96 42 U Brd Prop ds'46-JAD Loews Theatre Rlty 6s "47 M&815 Lond Gu A Acc Bldg (Ohic) 8« A? Ask. 93 25U Loew's New 20X 44 5U« Poll 22 U 8 f deb 5Ha 1940 ser A—JAJ Certificates of deposit.... Circle Theatre 6s 1936 6sl940 2l" 21U 63 X JAJ f 17 6s bond and c„fs of 1937 Manhattan Co Bldg— 1st m A leaseh s r As '68—MAN Chrysler Bldg Os 1948 AAO Cigar Stores Realty Holdings— Perm Bid* 6s 1941 42 X 18 41U 22 U Lincoln Mtge A Title gu 5Us '37- AJ 1 Pittsburgh P O Serv Station— 44 U Income 5 Us w w 1963 93 >««v« 44 24 X 29 62 39 Court A Kernsen dts Pitts Hotels Corp 1st 5 U» '48M Certificates of deposit Hotel Sherman (Ohlc) 5 Ha '46JAJ Hotel St George 5 Us 1943.. Insurance Center Bldg A Us 1943 55 AAO Colonial Hall 6Us Herald Square Bldg 6s 1948 MAN Highbrldge Station P O. N Y— 5Us Dec 1 1938 -JAD Hotel Lexington As 1943— MAN Lincoln 42d St Chicago Evening Amer 6s 1936— Chicago Post Office 6s 1937 City Invest. (Bait.) 6Ha 1936--. tJLarrlman Bldg As 1951MAN Hearst Brisbane Prop 6a *34. J AD 6s 1939 to 1942— JAD 6s 1937 JAD 62 93 Ohesebrough Bldg fls 194i Bldg (Plttsb) 7s '47—FAA Graybar Bldg (East Offices Inc)— 1st m leaseh 5s 1946 J AD 8e leaseh 5 H 1934 (s-a) ..JAD Greeley «q Bldg As 1950FAA Greenwich Lodge 6%a 58 40 H 58 H Debenture 6 H» 1938 Jeorge Washington Hotel As 1944 Jrant Lefcourt Man hat Bldg 5Us 1941. Lefcourt State Bid 6%a 1943 Liggett Bldg 1st i h 6 U« 62-FAA Cambridge Court Apt 6 Us 1937Bldg 6s '40JAJ Central Zone Bldg 6s, 1941 Certificates of deposit Chain Store Depot 6a 1940 1949 Bta. Bonds. Ask. . 45 33 U A Carbon f 6 Us it* Bush Term Bldg 1st 5s I960. A AO Butler Hall 6s. 1939 Oarbide s 1944 Bid. Realty Corp; J A.I JAJ 32 26 X 49 Sale price. Bonds. 1st 36 48 possible for the last day of the month preceding the date of issue. fta Batterymarch Bldg (Bos) 5 Us 35 19 X ■ toiler Bldg (OAF 19 X 1947 MAN Baumann (Ludwlg) 6 Ha '36 AAO 6s 1942 FA A Bins St Blng deb A His i960 Man Bsnd 9c Mtge Guar 5Ha 1932-37 s Ask. 37 28 H J&J - k Last sale, are as near as Bid 18 u 1 w Wardman 65 53 47 33 u 16 .... Realty A Construction Deb g 6U» 1938 MAS Washington Properties Inc 7s 1952 Westchester Bd A Mtge 5U« 38 Westchester Title A Trust 5U«-Weattntfhanse Bids 6* 1939 Certificates of deposit White Mwtor Realty 0» 1931-40 Woodbridge Bldg 5%a '41—AAO 7s 1940 AAO 17 5 2 22 17 15 45 45 90 80 58 93 101 x 42 103 X mpaired by maturity, t Exchanged for Poll ITew England bonds. 40 40 40 38 15 15 18u 16 15u United States and Municipal Bonds month preceding the date of issue. asked quotations wherever they can be obtained. The custom, Therefore in most cases it will be found that instead of the interest rate at which business in the bonds is being will yield the purchaser or seller 4.35% per annum to the maturity of the issue. Where two figures appear, as, for instance, "4.25% to 4.35%," the rate of return varies according to the maturity—the shorter maturities yielding the lowest rate, and the longer maturities yielding the highest return. Where, however, a range for basis prices appears, and the higher figure of the range is given first—thus, "5.00 to 4.75"—then the higher yield is meant to be the bid price and the lower yield the asked price. It is proper tp add that as far as the different maturities are concerned, it not infrequently happens now, owing to the unsettled state of the municipal bond market, that no distinction is made between the different maturities, all being quoted alike. .... In State and municipal bonds the custom has always been to quote them "and interest : that Is, the accrued Interest must in all cases be added on. Note.—Owing to the present demoralized condition of the municipal bond markets, brokers and dealers find it difficult, and in many cases almost impossible, to make quotations for municipal bonds. Bid prices, especially for the smaller municipalities, are practically out or the question and sales •r terms are simply a matter of bargaining between buyer and seller. In fact, the absolute lack of demand often causes good bonds to be offered at Quotations are as near as possible for the last day of the In reporting below prices for State and municipal securities, we give bid and however, is to quote municipal securities on the basis of the return tney yield per annum. actual prices we have inserted in the column headed "To Net" certain figures to indicate done. Thus 4.35% means that the particular security can be bought or sold at a price that a price. most any UNITED STATES—See also pa ge First Liberty J oan— I 8M% of 19?4 1947. _. J&D 103 2532 Oonv 4% ot 1934-47--J&D •fferson 19. Oonv4M% of 19?4 47 J&D 2d codv 4M% '34-'47-J&D Fourth Liberty Loan— 4H% of 1ft?5-38 ... A&O 4M% (2nd called) Treasury 4Ms 1947-Jv.ov A&O Treasury 4Ms to Oct 15 1934 thereafter 3 M %'43-'45 A&O Treasury 4s 1944-54 J&D Treasury 3Ms 1946-50—M&S 103 2832 103 2b32 102 2432 103 2932 103a°32 102 103 3132 111 283J 103532 85 72 72 72 72 80 106 "32 80 fis Water 1935-1951 74 1935-1938 74 78 78 4Mb Water '57. *5«. 70 75 90 97 90 97 5s Pub Imp Jan 1 103 2832 104832 104232 102 103 332 103132 101 2132 101 2332 10,23J 103 103 2832 103 2732 IO42632 104 2732 IO4132 104 332 103 2232 103 2 432 101"sj 101M 101M 101M 101M PO SSES 6b Pub lmpt 1950_.J&D 15 6b Jan 15 '35-'56—.. J&J 15 6b 1625-1966 J&D15 Hawaii,'i err,4Ms '49.M&S 15 4M* Jan 1946 4Mb Nov 15 *34-'06-M&Nl5 4Mb Nov 16 1936-58-M&N 4b May 15 46 opt '30.M&N 4b Aug 1947 opt 1937—F&A Philip Isls 4 Ms 1952 J&J 4 Ms 1950 MAN 101 101 101 Colorado Spga 4s 5s 1936-1962 62 45 50 55 101 100 104 104 107 96 96 96 96 96 96 96 % to 3.80 % % % % % 2.25 1.75 to 3.85 1.75 to 2.25 3.00 to 3.50 to 2.25 106 to 1.25 to 3.25 b & -J&.I to to 4% 3.90 to 4% to 3.50 Greenwich— 1.50 to 3.90% 1.50 98 2.00 to 4% % to 4.30 3.85 to 2.00 to 4% 4% East Hartford Fire District— •4M» 1934-1942 tar Pxm't 4M* March I 1935-1951.— 4Mb June 1 '34-'60 Hartford 3Mb Bdge 65.-J&J •Is Water June?34 *39 J&L •4s Water 1940-46 -J&D to 3.50 6 1.50 to 2.60 6 1.50 to 2.80 6 1.50 to 3.50 6 3.00 to 2.75 .75 to 2.40 2.35 to 2.60 .75 1.25 6 . to 2.30 45 50 •4s Water June 1 1934-'39 35 40 •4s High Sen '85-'66— e&J •4Mb 1935-1938 M&S •4Ms 1939-1960 M&S 1.25 to 2.25 2.30 to 2.85 •4Ms'34-'47.M&8 1.00 to 6 3.50 to 1.50 41 % to 4.35 Hartf'dSD 43 42 2.00 to 4.75 2.00 to 4.40 L L % Mancuexier % •4 Ms 19? 5-1944.. M&N 6 1.25 Manchester 9th School Dlst— 4Mb 1935-1951 M&N 6 L50 to 4.75 2.50 to 5.10 % 3.00 to 3.00 to 5.10 F&A F&A 6 2.75 to 4~85 4*75 to 5.10 % to 4.40 200 ?00 .. 4.40 1.75 to 4.60 29 97 99 29 % 30 Irrlg Dlst 6s 30 1.50 to 1.50 to 4.10 1.50 to 3.90 2.00 2.00 4Mb 1935-1949 M&N 6 1.50 4M 1935-1943 (T) 4a 1935 Meriden 4s J&J to 4.25 4% to 4.10 3% 3.10 2.75 to 3% to 2.75 to 3.10 to 2% to 3.50 to 2.50 % to 3.25 % to 3.50 to 3.25 (County)— 4b Munlc Bldg 1948 J&J 6 4.00 1934-1952 F&A 6 1.50 •4Mb School 1934-'40.F&A 6 1.50 •4Mb School 1940-'52_F&A 6 3.00 4Mb Water Aug 1941.-F&A 6 3.25 4s 2.00 to 2.00 to 4.30 ♦5b 2.00 to t.tO 4.45 70 •5b M&V 3.00 to 4.60 % * Tax-free in Connecticut to 2.75 to 1.50 to 2% New Britain 4Mb Wat Pl't '34-'36—A&O 5a 1934-51. —J&Jlfi Riverside fis 1934-'53 J&D 3% 6 1.25 M&N 6 1.00 1935 ...M&N 6 1.00 4MB 1934-1969 F&A •4Mb Sch Aug '34-'43.F&A •4b Park 1934-1943—F&A New Hav (O) 3 Ma '34- 35A&0 •4b Apr 2 1940 tax-expt A&O 4Mb Paving Mar 1936-M&S •4Mb 1943-1952 •4Mb Paving Ang '37--F&A ♦4Mb Mch 15 1935—M&S 16 to 4.15 1.50 to — Middletown to 3.50 4.00 to 2.80 Meriden (City) 5% 2.75 •4Mb Northeast 1959.J&D 4Mb 2d North 1944 J&J 6 3.25 8Mb South Sept 1955-M&& 6 3.25 4Mb Southwest 1944—M&N 6 3.25 •4Mb Wash't'n '41-'47-J&J 6 2.75 4a West Middle 1937..F&A 6 3.00 Kiillngly (To wn) 4Ms'34 60J & J 6 1.50 6 1.50 Litchfield 4Mb 1935-37 % 2.50 2.50 —J&D —J&D J&D J&D M&N M&N M&N 4Mb Sch 1934-36 4Mb Sch 1937-49 4Mb Sch 1950-59 Groton d D 100 4.75 s Sale price. 2.00 Danbury 4s 1940 taxable. J&J 6 4.50 •4Mb 1934-05. J&D 6 3.00 8 Ms Fund 1941 tax'le.A&O 6 4.50 East Hartford (Town)— 3.25 to 3.50 •5Mb 1935-1951 M&N 6 1.50 Glastonbury *4Ms *35 -58. J&j 6 1.50 II 3.75 to 4.60 Nominal, 3.80 to 3.25 3.50 to Redlands n to to 3% 1.25 to Orange Co 5s 1935-45 M&S Pasadena 4s Jan 1935-42.J&J 60 to 3.60 1.50 3.75 to w3-75&0 4Mb Mun Imp '34-'43-F&A 4Mb 1934-1905 F&A Oakland S D 4s 1934-44—J&J 60 to 3.80 to 2% 2.00 1937-1945 1946-1981 to 3.80 to 3.80 6 3.30 to 4.45 1934 to 3.80 6 2.00 4.40 1935-1964 to 3.80 3.70 J&J J&J 1934- 1.50 1934-41-J&J to 3.25 6 1.00 to 4.30 Modesto 70 to 1.25 3.60 3.60 J&J2 Riverside On fis *35 '54 to 3.80 Oakdale Irrlg Dist 5s Oakland 5Ma 1934-43—F&A 70 I In London, to 3.85 2.00 J&J2 Los Ang Co 4Mb '35-'49—F&A Merced Irrg Dist 6s J&J 96 50 to 3.25 1.75 2.00. 4s 50 1.50 2.25 2.00 4s 91 108 104 J&J 6 2.00 J&J 6 2.00 1930 3Mb improvt Water 1934 to '41.A&O 4s 1935-1930 60 105 •5a Oonstruc'n 1934-49 J&D Water 1934-'40 A&O Water 1941-70.—A&O Sch 1934 to 1944.J&D 4 Ms 1934-1968 1. J&J 4 Ms 1935-1969 M&S 5s Municipal 1934-01 ..F&A 5Ms Harb Imp *34-'01M&N L01AO8D 5Mb"34 54 M&N 6Mb Nov 1936-00——M&N 96 60 J&J J&J Bristol 4Mb Water 1939 J&J •fis July 1 1934-55 J&J •Cheshire 4Ms 1935-45—J&J 4s 1946-1902 100 91 108 6 2.00 Mun Utll Dlst— 4s 91 105 80 5s 91 J&^ % 109 75 5a 91 107 4Mb 1934-1952 A&C 6 1.5C (T) 4Ms'34 '50- J&D 4s 1940-1945. to 4.40 91 to to 3.35 6 2.00 80 40 to 4.40 3.30; % 6 3.40 80 Los Angeles 4Mb 1934-51-J&D 4s Water 1934 to 1945.M&N 100 to 4.40 to 3.50 6 3.60 6 3.50 80 Imperial Irrlg Dlst 0s *38.J&J 89 91 to 3.50 75 5s 1935-1974 86 91 to 3.40 6 3 60 75 3Ms 4Mb 4Mb 4Mb 340 to 6 3.50 80 East Bay 106 91 to 3.40 6 3.50 70 75 Brentwood Irrlg. District 6s.. Citrus Heights Irrlg Dlst 0s.. 4% 85 to 3.40 6 3.50 Bridgeport 4M» 1934-05.J&J 6 2.50 4Ms High Sch 1935-03.J&J •4Mb Sewer 1935-40 A&O 6 1.50 1.50 4Mb 1934-1957 A&O 2.50 •4s 1935-1968 F&A Berkley 5s 1942-1951 fis School 1935-1955 99 4M Harbor imp June 1 *34-'73 6 3.50 Branford Highway 1934-37-J&J3 Univ Bldg Jan6'35-65J&J Highway 1930-'48-J&J 30 1935 1947 F&A Olympiad 1936-71. J&J2,Jan 2 1935-1936 J&J 2& 1935-1930 F&A & 1937-1940 F&A & 4M 1941-1947 F&A 4Mb 1948-1952 F&A 4b Harb Imp 1986 opt '50. J&J 99 83 to 3.45 80 5k a 4Mb 4Mb 4MB 4 Mb 4Mb 4Mb 4Mb 99 104 to 3.40 6 3.65 80 to 3.50 IMS Renewal cl O 1950—-J&J 6 3.60 70 6 3.65 to 27 70 6 3.65 to 98 / 22 Bioomfleld— to 3.50 J&J 6 4.25 40 96 J&J •fis July 1 1936 42 CALIFORNIA 4% 4% 4% 1942-1961 4Ms Pub Tmp 1934-37-A&O IMs 1935-1930 A&O IM« 1937-1960 A&O 4Mb Pub Imp Dec 1 *34-'37 fis Sewers Sept 20 '41 —M&S Gadsden 0% lmpt 1934-38fis Schools 1934-40 J&O Hantsville fis Funding 1942— 0« Pub Imp 1930-1938 58 ..M&S 4Mb Mun Imp 35-'4I.A&0 Alta Irrlg Dlst 5s Hakersfleld fis 1934-'52._A&O to / 35 1941-50..-M&N Little Rock S D 4s '34-'55M&S St Francis Lev D 6b 1947. J&J 5Mb 1945-1904 J&J 6Ma 1950-1969 J&J 6b 1949 opt 1929 —J&J 99 4 50 to 4.05 CONNECTICUT Alameda 4a 1934 to 1941-J&D 101 to 3% 6 2 00 Mar 11941. 1964-1973 •4s July 4s Jan 2 1944-1948 98 6 98. 5b 1974-1983 62 to 3.60 99 4.20 to 4.25 62 to 3.60 to A&O A&O A&O A&O 5 Mb 19 101 58 to 3.60 97 vagi 1947-1956 58 6 3.75 97 4Ms Highways 1952 M&8 IMS 1966 A 1969— M&S 6 4.60 4Mb *30. '42 '40. '49—-M&S 6 4.60 |i Pub Highway 1949-51 _MAH 6 4 60 68 Anniston ref g 5 Mb Dec 11939 68 5s Schools 1934-1947—J&J 55 Btflflemer 0s Pub Imp 1934-88 55 5s Funding Dec 1 1947 Birmingham 5M» Pub Imp 95 1934-35 M&S2 5Ms 19 J&D M&N J&J 4Mb Fund 104 104 97 97 4.25 to 6 3 50 101 Hnt Springs 4Mb *34-'50.M&S 104 to 4.40 6 1.50 Little Rock 4Mb 34-40—M&N SI ON Puerto Rico 4Mb 1937-40 J&J 6 4.25 4Hb Funding 19H4-'40_J&J 6 4.25 4. Jan 1 1944-1950 J&J 6 4.25 If July 1954 ALABAMA 93 98 38-M&810 ft 3.75 105 6M« Aug 1941 93 93 85 b 3.75 101 93 80 4s Jan 2 1941-1943 6s Feb 1952-.-- — 95 93 93 4Mb Highway '38-*68 4Mb Highway 1935-05 ■ 39 6 "l. 50" to County)— 4Mb Water 1944 J&J 4Mb Ref Wat 1934 .—J&D 4Mb Ref Wat 1935-07. I&D 4Mb Water 1902-1965.J&D 8 D No 1 4Mb 1935-53.J&J SDN* 1 1984-1947—J&D 4s July 1941-1945 J&J 3.65% March 1 1950-54—. MoffatTunlmpDfiMfl44-08JA J ARKANSAS 101M 101M 97 . 4Mb 1934-1939 93 4Mb Highway 1938-48 102 25 to 5 to 5.25 / 37 Denver (City and 81 85 to 3.60 b 3.75 4Mb Oct 1959 4s P Wks & Imp 1935—Q-M 4« Inapt 1936 opt 1910.F&A 5s April 1955 / Flat price. CANADA—See 101 "32 102 to 5.25 COLORADO 85 4Mb W Mar 10 6 4.25 6 4.00 6 4.00 95 75 J&J Roosevelt Irr Dla 0s"45-'53J&J f 14 6B 1938-1957 J&J f 14 98 Tucson fis Water I960 J&J Honolulu (Ulty & County; 6 Basis. 95 90 PrescoU fis 1948 104 2232 104 2*32 102 2732 102 2932 ... — West Side Irrlg Dist 6a J&J Phoenix Dn H S D 4^8 1948 103 SI32 104132 to 5.25 100 90 5B W W 19?5-1960 103 8I32 IO4132 opt 1935—J&J opt 1930—<9&J opt 1933—J&J opt 1934—J&J 4s 1937-1941 80 95 95 Tan 1 1954 opt 1934..J&J 6b 103 3i32 lOILs 3% prin. & int. guar'44-'52. 100 "32 100 "32 Mtge Corp— 3 Ms int & prin guar '44-'64 1012332 101"32 100 "32 100 "32 3s int & prin guar 1944-49. Instrumentalities of 0 8 Govt Ponds Federal Land Bank—Farm Loan 101M 101M 4f Nov 1 '57 op '37 M&N 4s 1958 opt 1938. --M&N 101M 101M 102 101M 4 Ms 1950 opt 1930—-J&J 102 101M 4Mb Jan 1957 apt *37 JAJ 102 101M 4Mb 1957 opt 1937.M&N 102 4M» 1958 opt 1938-M&N 101M 102 H fis 1941 opt 19?4 102M -M&N 101M 4Mb 1942 opt 1933.M&N 101M 101M 101M 4Mb 1943 opt 1933—J&J 4Ms 1953 opt 19:4 J&J 101M 102 4s 70 80 — Federal Farm 4s 1935-1936 85 Msrfcopa County 8 I> No 1 6b Highway 1947-51.J&J15 / 78 93 Navajo Co 4 Ms June 16 '34-"30 85 Phoenix 4Mb 50 opt '30—J&J 85 4Mb i9?5-1950 J&J 85 4Mb Court Bse '34-'48_J&D 85 6b Ian 1 1940—. J&J 1 02 2,12 102 to 5.25 6 4.25 — 1 00 2732 100 2932 101 "32 101 "32 5.25 6 4.00 4Mb 1904-1951 4Mb 1634-1951. 4Mb Water 1938-1977 J&J San Joaquin Co fis *35-"49_J&J Santa Barbara fis '35-41 -Janl( 4Mb gold Aug 1943 F&J So. San Joaq Irrlg Dlst 5M«Turlock Irrlg Dlst 6s ARIZONA 1 00 2732 1 00 2032 f 4s 1934 80 80 5 Ma aerial 97 70 85 Tuscaloosa Co 6b Bridge 1941. As Road 1957 4~%~ to '59.J&J J&J M&N 90 70 6b W W 1939-1957 to 6 4.00 J&J 6 2.00 J&J fis Water 1952-1969 100 >832 100 2032 - 4s Bold 1904-1960 50 96 — 5T.60 San Francisco (City & County 50 90 4Mb R & B 1934-38—J&D «Mb 1939-1958 J&D Montgomery Pub Imp 6b 1934 108 Certificates and notes— )W67 80 Sacram'to Co 4Mb 4Mb Sanitary Sewer 1934-44 Montgomery Co 4Mb 1967-59 5s Road 1935 A&O 6b Road 1951 J&J Morgan Co 5s 1938 5s Road 1939-1952 F&A Tuscaloosa 6s Pub Imp '34-'85 58 Pub Imp May 1 1935 10373J M% June 15 1934 2M % Aug 1 1934 1M% Sept 15 1934 2H% Dec 15 1934 2M% Mar 15 1935 8% June 151935 194% Aug 1 1935 2 M% Dec 15 1935 2M% April 15 1936 8k % Aug 1 1930 2 M% Dec 15 1936 3% Feb 151937 3% April 15 1937 3 M% Sept 15 1937 2M% Feb 1 1938 3% Mar 15 1938 2M% June 15 1938 — Home Owners Loan Corp— 4% interest guar 1951 IHS 80 "34-*46 J&D '43-'fi4 A&O 5s Water 1934-63 J&J fis Municipal 1934-1960 *&J 6a School 1935-1900—F&A 4Mb Wh & Bar *35-'52.J&J 4 Ms Water 1934-1964 3 Mb k July 1 1934-44—J&J San Diegulto Irr Dlst bs to 4.10 San Diego 5a WW 75 4Mb June 1 1934-1948 fis School 1936-1945 111 3132 ...J&J 4Mb Sew & Dr 1934 5.25 97 Mobile Co— 1022J2 1 00 2732 100 2»32 103 "32 104132 Treas 3 Ms 1944-46 1022*32 102 2B32 2s ran Can Nov 1938 Q-F 101 H 102 H 105 3^ 8s Panama Oanal 1901—Q-M 104 M 102ys 2s Aug 1 1936 101 k 105 3s Can versions 1946-47 Q-J 104 U 8 Treasury TERRITORIES & U. 8. to to 5.25 42 1949——M&S 1Mb Refunding 1937—A&O 1Mb Water & Sew '39-J&J Treas 3s 1955 opt '51--M&S15 Treas 3 Ms Aug 1 1941 1955 1950 1953 1954 County— fis Refunding 107 2o32 106"32 Treasury 3 Ms 1943-47--J&D 103 2731 Treas 3 Ms June 15 '40-'43J&D 104 532 Treas 8Mb Mar 16'41-43 M&S 104 Treas 3Ms 1946-1949 J&D 101 2832 4Mb 4Mb 4Mb 4Mb Sacramento 4s Jan '35-'45 opt b 2.00 4Ms Ot H'se 1935-43—M&N 6 5.75 IMs Ref 1935-1961—A&O 6 5.75 93 t&ad'son Co fis Refunding 1940 42 tf sbtle fis School 1943—J&D ^ Ask. Bid. Bonds. Net. Ask. Bid. Bonds. Net. Ask. Bid. To or To or Bonds. Yield Basis Yteia Basis Basis Yield 6 1.50 to 3.50 to 3.50 to 3% to 3.50 to to 3% 3.70 6 1.50 to 3.10 6 to 3.10 6 1.50 1.50 to 2% 3% 6 3.25 to 6 3.75 to 2.25 6 3.65 to 3.55 6 2.50 to 2.00 6 2.00 30-'37-'39- 40-'41—A&O 6 3.00 1934-1951 J&J 6 1.50 to 1.50 to 3% to 3.50 June, 1934.] MUNICIPAL AND STATE Quotations for all securities are as near as To or . •4Mb Water 1935-44—JAJ16 6 2.50 •4M Bdge.8t.Ao. 40-04JAJ15 6 3.40 1946-1953.....JAJ 16 6 3.40 6 2 76 6 1.50 6 1.00 6 3.40 •4Mb Water 1935-'64 JAJ •4Mb 1934 JAJ15 5sWater 1934-1951 MAN 5s Water 1952-1971-MAN15 West Hartf'd 4Mb 1943..JAD 4Mb Mar 15 1935 48.MA8 W HavU8D*4 Mb'35 '56.MAN Westport 4Mb 1935-1944 Weston (T) 4Mb *34 '45.MAN Windham(T) 4Mb *35-'36.JAJ 4s 1935-1937 ...JAJ 4s 1938-1942 JAJ 4s 1942-1962 JAJ oelawa&b. 4Ms '60 opt any date 105.JAJ 4Mb 1961 opt '22 at 105—JAJ Dove- Spec 8 D 5b *35-'46 AAO Kent Go 4Mb 1946-1950.MAS Newcastle Go 4Mb 1934. J AD 5Mb 1936-1944 JAJ 8uasexOu5s 1935-1970 —JAJ 4MB 1934-1963 AAO WUm'gton—-4Mb '34-'87-AAO 4 MsBldg—Oon'53-'62 MAS 4Mb 8 F 1960-63 (a-a).AAO 4Mb 1936-50 (s-a) AAO 5s 1947-1949 SAO 4s 1936-1937 AAO 4s 1938-1941 AAO 4s 1942-1948 —AAO 6 2.90 6 1.00 2.75 % to to 2.90 % to 2.90, % to 2.25 % to 3.601% to3.50 % to3.10 % to3.60 % to 3.60 % to3.60 % to3.50,% to 3.60,% to 2.75 to 2.50 % ito 3.50 % to3.50 % to 2.85,% 3.251 % to to 3.50,% to 3.60 % 3.60"% to 1.00 % to 2.75 % ! to 2.50,% to 3.251% to to 3.25,% to3.30 to 3.85 to 3.85 to 3.85 to3.40 to 3.85 to 3.65 to % % % % % % % 3.85% to 1.00 % to3.60 % to 3*85 % to 2.40% to 2.75 % 6 1.50 to3.50 % 6 1.50 to 3.50 % 6 1.00 to 3.25,% 6 3.00 to3.25 ~ b 3.30 to 3.40 b 3.40 to 3.60 6 3.50 to 3.75 3.75 3.75 4.75 4.35 4.15 4.30 4 50j 4.50 j,Abl e I /ft o<U U 1940 JAJ • FLORIDA. 30 15 15 87 84 84 79M 71M 93% 94 90% 100 T67-AAO Extl • f 6 Ms(1926) Extl s f 0Ms(1927) '67-AAO , 7M« extl Cauca Val (Dept of) Oolombib MAN 16 AAO 1946 Extl sec 7b 1948. J&l A 23 s f 68 1900 f 6s Feb 1901 f 6s Sept 1901 23 13% 12%| 93 95 76 78 80 78 JackBonv 8 D Ns 1 5a Apr *45 Lakeland 6s -Feb 11935-*41 LeonJCounty 5s July 11934-40 5s July 1 1934-55 Miami oMs 1936 1935-1939 MAS MAS ai 1934-1935 1940-1956 MAS 103 r 40 86 93 r 48 45 90 r 48 52 r 48 52 OAA jr 4Mb 1936-1938 AAO / 4Mb Munic Imp'85-'55MA8 / 6s School 1940 JAD / 48 48 48 48 96 52 (July 1 1933 coupon on)... (with July 1 1934 coupon) Oolombla Mtg Bk— 20-vr b f 0Ms 1947 AAO Sink fd 7s (of 1920) '46 MAN Sink fd 7s (of 1927) '47 FAA Oerdoba (Prov) Argentina— 52 52 52 52 5Mb 1940-1950———MAN New Smyrna 6s 1934-1945 Orlando 5Ms 1934-1952 Orange County 5s 1944. .JAJ 6a 1952-1953. JAJ 33 65 85 98 98 98 37 68 90 85 90 Psnsacola 4Mb ref 1941—AAO Pinellas Ce flu 1940 85 40 90 45 90 MAN 5 Ms 1935 5 Mb 1936-1939 MAN 95 95 95 87 Polk'Oounty 5s July 1 1933-40 81 Augustine 6s 1965..... JAJ / 32 •■Impt 1935-1987 FAA / 32 Bt Petersburg 5 Ms 1949—JAJ / 45 6 Ms 1934-1953 ..JAJ f 45 • Ms June 1954 -JAD / 45 6s 1984-1938 MAN / 45 70 Tampa 5s June '65 op '26 JAJ is W W Purch '34-72.FAA 4MB Impt 1934-37— .JAJ May 1 1936 14 50 50 50 75 75 75 FOBIIGH Agrlcul Mtg • f fit 16 GOVTS. bk (Colombia) .FAA (Feb 11934 sub coup on). Guar s f 6s 1948—.....AAO (April 161933 coupon on) (Apr 15 1934 coupon on). 20-rr 7b 1946.....—.-AAO Guar / 14 194^ / 28 J 25 / 30 / 25, Jan 1934 coupon on..... f*25% Akershus (Dept of >. Norway— 6b 1968 MAN fa ext of 1924-1949—.JAD Antioquia Col (Dept of)— Extl a f 7s ser A 1945... JAJ ■xtl ■ f 7s Ser B 1945—JAJ ■xtl a f 7s ser O 1945—JAJ _ 7 Ms External 1941...JAD German Govt Internal— 5M% loan of 1930-65.JAD 83 31% 29% It Last sale. maturity. I In London, n Nominal, r Canadian price, s s 75% 114 f 7a 1947.AAO 15 JAJ MA815 f 8s 1950 Prussia 6%s 1951 6B 1952 41% "19% 29% Ext 92 90] 101] 99; 94 in 92 103] 36] 36 13% 14% 10% 10% 76% H4% 88 38% 38 105 100 gj6s Feb 15 1947 FAA15 Rio de Janeiro 6%s 1959 Rio Grande Do Sui (State) Brazil ext s f 8s 1946 .AAO 100% fk 15% 21 23 20 20% Apr'32 Oct* 33 & Oct *34 25 25 22% 22% 22% coupons on a f i960 7B exU 31 If* 19 15M 17% 24 24% 48% Rumania 97 */ 3% 3% 5M_% ExtLn Dec '21—JAD */ 3% Certificates of deposit ♦/ 3% Saar Basin Cons 7s 1935.AAO fcl25 (Monopolies) Institute 7a 1959... FAA Russian 6%s June 18 '19.JAJ Certificates of depoolt— 72 76 mm mm mm mm 81 75% 31% 100 80 13% 14% 100 101 94% 90% 81% 66% fs* Paulo (Brazil) State of— 8% external loan 1930-JAJ Ext'l 8s 1950 JAJ Extl water 7s 1956 MAS Extl s f 6s (of 1928) '68.JAJ Sees f 7b 1940 AAO Santa Fe (Prov) 7b 1942-MAS Serbs Croats A Slov (King of) Ext 8s 1962 -MAN All unmatured 163% 69 (Bank of the) 1st 6b 47FAA Styria (Prov of) 7s 1946.FAA With coupons attached.... Only unmat'd cpns attached 8wedlsh5%s ext 1964..MAN 97% 96 95 99 r is * 78% 35 22% 16% 15 23^ 21 19 79 37 13 n 25 21 23% 15% 13% 1?6* 67% 68 53% 58 87% 64 102% 102% V 5 M« 1071—--------J&A 67 % 67% Upper Austria (Prov) 7e'46JAD Only unmat'd coups attach Ext) • f 6%s 1957—JAD 16 only unmat'd coups attach 69 76% Taiwan Electric Fewer— Tolima - 183 42 u III 18% 86% - Sale price, on All unmatured coup's on Nov. 1 1935 coupon on.. Silesia (Prov) Poland— Extl a f 7s 1958 JAD Silesian Landowners Assn— 54 41% coup's Nov 1 1935 coupon on Extl 7s 1962 ser B MAN 164 29 Santander (Dept) Colombia Ext s f 7s 1948 AAO / 11 Saxon Htate Mtge Institution Sink fund 7s 1945 JAD 68 Sink fund 6%s 1946—-JAD 64 163% 181 . Sac 32% 80 63 180% MAN JAD JAD Extlaf 7b 1967 Extl ■ f 6s 1968 I b Baals, a 13% 6% 9% Queensland (State) 7fl '41 AAO Estonia (Rep of) 7s. 1967-JAJ Finland (Repub) 6a '45—MAS 6 Ma Mun loan '54 cl A AAO Glass B AAO Ext'l s f 7s 1950 MAS Extl s f 6Ms 1956 MAS Extl s f 5 Ms 1968 FAA French Government- 28 «28M i9% 18% 90% JAD ...JAD sec ■ f 7b 1959 MAS Nat Loan extl 6s 1960 JAD Extl s' 6b 1901 AAO Poland (Rep of) 6s 1940.AAO 32% 118 El Salvador(Rep)—8sA'48JAJ Certificates of deposit April 1934 coupon on— fk25H 20-vr 7b Jan 16 1*47 ...JAJ 7*26% . 5Ms 1935-1937— JAJ Oondlnamarca Dep(Oelombla) Extl b f 6 Ms 1959 MAN OBechosiovak Republic— Ext s f 8s 1951 ser A—AAO Ext s f He 1962 ser B..AAO Denmark ext 6s 1942 JAJ Ext'l 5 Mb 1955 FAA Trust rct« 4 M« 1962-AA015 Dominican Rep 5 Ms '42-MAS 6 Ms Oust Adm 1940—AAO 2nd ser 6 Ms 1940 AAO Dutch E Indies 6s 1947—JAJ Ext s f 6s 1962 MAS Extl 5Ms Mar 1953—MAS Extl 5Ms Nov 1963..MAN West Palm Beach 6s 1934-'40 Certificates—............ 39% 95 Serial 8 100 92% Peru Extl 93 "Extl" • f 6 Mb *63—JAJ16 6 Ms PubWlnJuneSO '45JAD Serial 6Ms 1934 ...JAJ 90% 90% 90% Panama (Rep) ext5%s'53JAD 103% Extl sf 5s 1963 MAN 15 35% 35% Stamped..— Parana(8tate of)Brazil 7s '58 */ll% Pernambuco (State of) BrazllExtl ■ f 7b 1947 12% MAS b Stab'n 1 "Extl*' g 4 Ms '49 opt—FAA "Extl" g 5a 1949 FAA 50 70 WA \ I" Cuban 6s 1944 opt 1911—MAS 38 38 70 13% 22% coupon 18 10 % 99 f 5s 1967—, Guar b f 5a 1970 1 lH 45 Extl a f 7b 1942— JAJ Costa Rica (Republic)— 5 f g 7sNovlv32 c'pon.MAN / 36 Miami Beach 29 40-yr ■ f 5%s 1965—JAD 35-yr extl ■ f 5s '63—MA815 Norway Municipalities Bank— 13% 13% ref 6s 1901—..JAJ Extlaf 6s (1928) 1961.AAO 8 IX JAD fc 80% Extl s06s 1944 FAA 6s Extf ct 15 1952.AA015 14 Hukuang Rvp 6s £._JAD16 / 38% Coup No. 35 due Dec 15 '28 Coup No 36 due June 15 '29 ""37% Colombia Rep 6s 1961JAJ Apr 1 1934 A sub coup on 102 ser 88 99 Extl 8 f gu 6s 1961 .AAO 6s 1902 MAN Chinese Government— 104 105 f 5s 1972 With Oct 1 *35 A sub coup New South Wales tAustralia) 5b extl b f 1957 —..FAA Extl a r oe 1958 AAO Met Wat Serv A Dr Board 48 Ohlli Mtge Bk 6Ms '57 JAD31 8f gu6Ms Jne 30*61 .JAD 31 104 18 17% .AAO Nerway ext 6s 1943—FAA 15 60 Extl sf 6b 1962—....MAS Extl s. f. 6s 1968 MAN 5 Ms July11941-1975 Hillsborough Co 6s Oct 1 1943 Hillsborough Sch Dist No 4.. Jacxuonvllie 6b Jan l '36-JAJ 5b Jan 16 1935-45-JAJ 16 5 Ma Jan 15 1935-45.JAJ 15 4Mb Feb 1937 FAA ■ 25 5 5 .. 8 f 5%b 1950 MAS 97 - fpieces). / - 14 12% / 11% FA* 100 15% „ Secured b f 7b 1957 AAO All unmat'd coupons on 25 AAO 98 */13% __JAD/&45 1951 Mtge Bank ef Jugoslavia— FAA AAO 95 78 76 Exch 40% (Rep) ext 7a 1942-MAN Extl Ry 96% 71% 71% 84% Extl 6Mb 1959 ser A.MAS Mtge Bank of Denmark— 56 Extl "126"" 62 75 72 60.TAD . 48 1 5s 1933-1955 Escambia Go 6s Aug|15 1951. Gainesville 5 Ms July 1936-40- 55" 39% 90% 75% 73% 70% 60 Mlnas Geraes (State) Brazil Extl 0%a 1958 MAS Gent Agrlcul Bank (Germany Farm loan 7s 1950 M&Slf s 41 86 £100 and £200 pieces / 5 Tress 0% notes '23 ext to '33 £20 pieces *f £100 and £200 pieces. */—— 38% / 41% Ext • r 6Ma 1961 43% FAA Stamped (Aug 1 1933 sub39 stitude coupon on) FAA 22% Bulgaria (Klngd) • f 7s '67 JAJ Sec a f 7 Mb •tablllxation loan - a f 4b of 1904 Extl 4bof 1910 (£20 Stamped a 36% ... / 49% Bxtl 7%» «947 Extl 79 63 / 76 90 Stamped.. /Jk39 s f gtd 4 %s (May 1914 coupon on) 1943 MAN/ 2 Mexico (0 8 of)Ext'l 5s of 1899 *f Stamped (Sept 1 1933 sub stltuted coupon on)..MAS f 38 Extl a f 7s 1962 AA< / 48% Stamped ( / 39% Extl I & Mexican irrigation — 7 M" I ■> 100% 96% 91% 60 73 59 83 I Orient Dev Co 5 Ms '68MAN Ext at7a 1958 MAN Mendoxa (Prov) Argentina—. — 1908 97 88 1 66 £9* 88 Only unmat'd coups attach k 63 Marauhae (State Brazil 4Mb of 1883 4Mb of 1888 4s of 1900. 4s of 19104s ef 1189 Bremen (State) 7s 1935—MA8 British—Cons 2Mb op '23 Q-J 5 Mb f Feb 1 1937 FA* 4s fund 1990 opt 1960-MAN Buenos Airee(Prov)6«> '61MAS Ohm Duval Go School District No. Japanese Government— 4s Sterling Loan of 1899 5s Sterling loan of 1907 4s Sterling loan of 1910 6s Storing loan 1924 8 f 6%s 1964 .FAA Extl s f 5 %81965 .MAN Oriental Dev Oe 6s '63.MA8 j tief. "32" 70 u for Pub wke ext 7s A '87.MA8 Pub wks ext 7s B '47.MAS Pub UtO Oredit s f 7s '52JAJ Lower Aust(Prov)7MB 5s of 1895 5s ef 1913 1952 6s series B 1951 58 Prestlte Litter!# 5s Ital Ored Oensortlum 42% 100% 106% 105% flH f 30 "IP 102 Belg Govt extl 8Mb 1949 MA8 External s f 6s 1955..—JAJ Extl ef 7s 1955 JAD Stablllx'n loan 7s 1956MAN Bogota (Mtge Bk) 7s May '47 7a Oct 1947 ——AAO Bollvia(Rep) Esc 8s 47-M&N Extl 7s 1958 -JAJ Bxtl s f 7s 1969 MAH Brazil 8% ext 1941 JAD rs Gent Ry elec 1952—JAD a (August 1933 coupon on) / 25 Haiti ittep) 6% Ex'62 a.aao 77 Hamburg (State of) German; Gold 6s 1946 AAO 35% Hanover (Province) Germany Harz W W 6%a 1949 -FAA 40 Hungarian Land Mtg Instit'n 48 Mtg 7Ms 1961 ser A—MAN Sf 7%s61 Ber B(f 1k1b)MAN 48 Hungary (Klngd) 7%s'44 FAA 37% Industrial Mtge Bk of Finland 1st M coll 7s July 1 1944— 101 Irish Free State 5s 1960-MAN Italy (Klngd) extl 7s '51.JAD 5% Int Gonad ....JAJ u 70 72 M .—JAJ Bavaria (Ger'v) 6 Ms '45.FAJ 6s 87 / 52 85 79 Ser A Int ctfb *38.AA01£ Central Bank of Germany— 15 12 78% 80 Farm loan 6s 1960 JAJlf Farm loan 6s 1900 AAOll 35 12 12 . 79 ..MAN '43-JAD 3.80 3.80 Z8* 79 pub wks 1961.MAN O&ldas (Dept of) Colombia External ■ f 7Ms 1946. JAJ 3.80 3.80 93 Extl 5Ms pub wks '62.FAA Auitralia (Commonwealth)— Ext 6s July 16 1955.JAJ16 Bxtl 5a 1957— MAS Extl 4Mb 1956 Austrian Govt s f 7s Int s f 7s 1957 f 7s 1904—Met N Sink fd 6e 1968 FAA 78% s Bxtl 6s 64% Only unmatured coup attach Greek Govt Ask. 39 (Gon Agr Lean)6%s*68 JAD 11% f 08 1 960. AAO Ext • f 6s(State Ry)'60 MAS Extl 6s sanit wks 1961 -FAA Extl German extl 7s 1949—AA015 German Prov A Oomm Bks Oral (Man lAuatrta Ha" 64 MAN Argentine Repub— "nternal 6s(of *09) 1946MAS Est 6s of '23 1957 A..MA8 iSt g 6s 196f Ser B JAD Sink fund gold 6s 1959.JAD Extl ■ f 6s Oct 1959...AaO Bxtl Bf 0s I960. MAN Fa or Bid. Bonds. Net. 11M 10% f 7s 1967 1st ser.AAO Rxtl s f 7s 1957 2d ser. A AO rOxtl s f 7s 1967 3d ser.AAO Ext) 3.80 3.80 3.80 3.80 County School Tax Districts No. 4 6s 1934-55. Coral Gables 5Mb'35-'56AAO 6b iuipi 1934-1938 .JAJ 6b Rer A Impt *34-'50 var_. Dade Go 5s Oct 1947-'54 AAO 6s 1934-1937 JAJ Dade Go Spec Sch Dlst No 2 1934-1935. % to3.25'% Brevard 6s To m Ask. Antioquia Ool (Concluded). MAS b 1.50 JAJ 63.10 Fat A 6 3.10 5s Dec 1 1937 JAD 6 2.75 Nerwalk (Ch in 1954-1964 6 3.75 6 2.50 •4 Ms Sch March 1935-1053. •4Mb Impror t '34-'3®. -JdtJ 6 2.50 3 Mb 1935-71 A&OIS 6 2.50 3%s Sewer 1947-70- JAD16 6 3.40 5s 1934-71 AAOIS 6 2.50 Nerwalk (T) 4 Ms 1942..JAD 6 3.75 6 3.00 4Mb 1930-1968 Norwich 4 Ms water 1939-MA8 6 3.00 •4Mb 1934-1964 -M&816 6 1.50 4Mb Refunding 1938—AAO 6 3.00 •Plalnfleld(T) 4 Mb *3 5-'57 A AO 6 2.00 Putnam (7) 4Mb *35 46-AAO 6 2.00 •Rldgefleld (T) 4ks Jan 1 '43 6 3.10 Stamford (O) 4s 1942—.MAN 6 3.50 Stamford (T) 4Mb *35-'45 JAJ 6 2.00 •4 M Sch 1935 1966 MAN 6 2.00 4 Ms High Sch 1934-'59 J AD 6 2.00 Terrlngton *5Ma 1935...JAJ 6 2.00 *5M< Fund 1930- 4i JAJ 6 2.00 4Mb July 1 1939 JAJ 6 2.90 Walllngford (Town, 1938. 1943, 1948 I . .. J&J b 2.75 o 1 50 4s 1934-46 i Waterbury— b 2 50 4s Water 1934-1939—JAJl 4s Water 1940-1965—JAJl' 6 3 -30 4Mb Oity Hall *34'63—JAJ 6 2.50 4Mb July 15 1934 66.JAJ15 6 2.60 •4Mb Bid. Bonds. Net, Ask. New London— *4 Ml Imp 1038 4 Ms Park July 1942 •4 Ms Water 1950 Yield Basis Yield Basis Yield Basis Bid. Bonds 97 BONDS possible for the closing day of the month preceding the date of issue. (Dept of) 7a 47-MAN Dollars per 1,000 lire flat. 12 85 58 * Negotiability Impaired by STATE 98 AND Quotations for all securities are as near as MUNICIPAL BONDS possible for the closing day of 6R 36 4%s 'U04 . 33 36% 40 34% M«N 35" 33 May 1934 coupon on Venetian Prov Mtgc nauK8 f 7s 1962 Ber A AAO Calgary 5s 1935 JAD 15 5s July 11945—— —JAJ Edm inton (O) 5s *45A'5ft AAO 5s 9 f 1955 A 1900 AAO Halifax N S 4s July 1945 5s Jan 1951 JAJ 103 FOREIGN CITIES, Ac D 93 % JAJ / 38 Baden Extl • f 7» 1961 Bergen. Norway— Extl a f 5s 1960 MAb 79% Octl5'49.AAOl5 81 Berlin 6Hs 1950 AftO 36 6s June 15 1958... JAD 15, 37 Begota (City) extl 8* '45-AAO . 18% Extl a f 0%s 1947 AAO / 20 Bordeaux (City) 0s'34—MAN 169% Brisbane (City) Australia— 80-yr a f 5a 1957 MAS 80 Bf 5a 1958. FAA 78% 20-yr s I 6b 1950. JAD 94% Budapest (City af) Hungary— Extlaf 6s (af 1927) 62.JAD 42% Buenos Aires. Argentine Rep_ Exten 6 %a 1955 ser B-JAJ 68% Extl a f 6a 1960 Ser 02 A AO 62 % Extl a f 6a 1960 aer C3 AAO 62% Oali(Oolombla)a f 7a 47.MAN / 13 OarlBbad (City) s f 8s 54 JAJ 77% Extl f 5s a Chilean Cons Municipal LoanExtl a f 7s 1960 ser A..MAS MAS CalogneGerm'y0%a'5OMA815 30-yrsf 6s 1964... JAD 14 1953 -MAN, Argentine Rep 90 FAA —.MAN 15 30 33% 79 73% 79% 74% 32 30 40 37 MAN k 86 FAA k 81 Port A Wat Ways Bd: 1962 JAJ Dresden (Ger) axtl 7s *46 MAN Extl ■ f 0%s Prankf't (Ger) 67 65% 65 37 35 32 Eanover (City) Germany Extl cony 7« 1939 MAN k Havana—1st 6s Q-J 1939 Q-J (Germ)7%s,60 JAJ Helsingforo (City) Finland— Kxtlsf 6%a i960 AAO Hungarian Cons Munlc Loan 2d 6s Heidelberg 7%a 1946 JAJ Unmat'd coups attached. Extl a f 7a Sept 1946—.JAJ of g Le'pzlg(City of) 7s 1947—F-A Lima (City) Peru— 33% 35% 90 lI6" 90 110 25 31 94% 94% 38% 38% 63% Extl a f 0%a 1958—-MAJ *f 8 */ 7% Certificates of deposit 169% Lyons (City) 6s 1934..MAN 169% Marseilles (City) 6s '34.MAN Medellin (Munlc) (Columbia; ♦/ll 7a extl Dec 1 1951 11 6%a 1954 84 Milan (Italy )ext 6%s'52.AAO 35 Montevideo (City) 7s 62. JAD 30% Extl a r 6a 1959 aer A.MAN 31% Nursmburg axtl 0a 1952. FAA 91% Oslo a f g 0a 1965 MAN Porto Alegre (City), Brazil— 18% Sinking fund 8s 1961 JAD 17% 8 C 40-yr 7%s 1960 — JAJ Prague (Greater) Oity— 7%s loan of 1932-52—MAN BIO de Janeiro 8* 194* AAO *32 Oct '33 Oct '34 coup • f 196.* FAa Borne extl a f 6%s 1952.. Aau Rotterdam (O) ext 6s '04.MAN Baarbrucken (City), Germany, Extl a f 6a 1963 JAjJ Santa Fe (City) Arg Rep extll Apr Extl s f 7a 1961... fiao Paulo Extl . 16 France— Ext g 0s Nov 14 '86—MAN Sydney (City) NSW— 26-yr s f 5%s 1956—FAA Tckyo (Oity of) 5s of 1912— Red ann s f beg 17-62.M AS Extl s f 5%s 1961 AAO TrondhJem (City), Norway— flolssons (City). s Ffarsaw (Oity) 7s 1953..FAA ext) 6s 1901..JAD Yokohama J 190ft—AAO 16-mo 4% notes Oct 1 1934 4%s Feb 1 1930 Faa 5s refdg Oct 15 '43.AAO 16 5s Mar 1937. MAS 30-yr 4s Oct 1 1952 MAN 6%s Vict Ln Nov '34.MAN 5%s Vict Ln Dec *37-.JAD 6s N Serv Nov 15 '30MA 15 5s N Serv Nov 16 '41MAN15 Alberta (Prov of) 6s '60AAO15 5s May 1957 4%a Jrn 16 1942 4%s July 10 1958 4%o Apr 1 1901 4%s June 1 1967 4%s Jan 15 / 19% 19% Apr 1 1035 JAJ AAO —JADi AAO1 100 81** 95 95 "96% 96 98 96 98 4s 1945-1958 _ 114% 3.80 to 3.80 6 3.85 to 104 105% 105% 104 3.75 MAS Deb 4%s Sept 15 62 M&S15 Deb 4%s 1900 MAN15 Ontario (Prov) 0s *43. MAS16 4%b 1944 MAS 4%s Jan 15 35'47-JAJ15 4%s Jan 15 48-'57- JAJ15 4%s 1935-'38_ MAN 15 4%s 1939-70 .MAN15 4s 1941 MAN 4s May 15 1935-43.MAN 15 4s May 15 1944-57.MAN 15 4s May 15 1958-68.MAN 15 Hydro KlecPow Com— 5s Jan 1 1935 JAJ 2 4%s Jan 1 1970 JAJ 2 Ottawa City 6s '34-'45—JAJ 0s Munlc Imp *34-'50—JAJ 5s July 1 1934-1960——JAJ 4%s 1934. 1935, 1944—JAJ 4%s 1934-1937 JAJ 4%s 1938-1942 JAJ 4%a 1943-1960— JAJ Quebec (Province)— 4%s 1950 opt 1945—MAS 2 4 %■ s f 1901 MAN Quebec City— 5s S F (non call) 1960 MAN 105 % 6 3.35 to 3.40 % to 3.40 % 9 4%- '36-'48 . 6 3.80 to4.10(% IP1:: 94 96 98 95 100 1937-50 97 109 93 95% 5s 109 96 98 86 88 Chicago Sanitary District— 4%s 4%s 4%s 104 106 109~ 103 105 103 105 102 103% 103% 102 % to 3.40 to 3.40 % 4%s. 108 108 to 3.35 6 3 35 Chic Lincoln Pk 4%s 105% 106% 104 % 3% to 1.50 6 3.35 M3 N 6 3.35 1936 4s 108 to % 3% to 3.40 JAJ JAJ 4s 116% 115 6 1.00 to 3.40 to Chicago School District— 4s 1937 FAA 40 104% 6 1.00 Champaign Oounty— 5s Road 1935 1943-MAN 6 3.50 to 4 .25 % 98% Chicago 4s 1935 JAJ 113% Deb 5s 1960 FAA Township H No 200 Dist 101 MAN MAN M&N 1934-1935 1937-1939 1940 86 4s Cook 106 101 110 103 113 102 108 81% 87 87 — 95 79% Co 96 92 4%s '35-'40—AAO 4%s For Pres'34 '43.JAJ16 4%s 1935-1943 JAI) 4s Ser M 1934 JAD 102 104% 93 M&N MAN 1939-1950 Chic West Park 4s 1936-41 101 100 100 98% 1935 4s 1936-1938 • 88 99 Chic South Park 4s 1934 4s 88 86 90 90 87 90 87 90 102 105 Elgin Sanitary Dist— 6s 1934-1944 102 105 Evanston S I) No 76— 103 106 104 107 / 80 193.5-1948. 88 Granite City 4%s 1934-48 90 Jacksen Os4%s 1939-1944. 100 Lake Co 5s road 1934-36. FAA MAN 6 3.00 to 4 00 % 4%s 93 - 106 River 103% 92% 89% FAA 103 98 No 90 1934-1947 94 92 89 4%s 105 8 D 101 95 5s Read 1930-49 106% 105 166% 91 S&skatcbew*n 6s 5» i94o 1969 (Province)— jon-call).. J ADD: non-call).. MAN 4%a July 2 1945 JAJ2 4%a 1955 — 4%s Mar 15 1960—MAS 4s Nov 15 1935—-MAN 15 4s Nov 15 1957 MAN15 Toronto 6s 1934 1940 JAJ 5B 1940-1950 .JAJ 5s 1934-1934 *—JAD 6s 1935-1939 -—JAD 5s 1940-1949 JAD 5s 1960-1959 JAD 4%s 1935 AAO 4%s 1930-1937 AAO 4%a 1938-1939 AAO 4%a 1940-1941 AAO 4%s 1942-1945— AAO 4%a 1946-1901 AAO 4s £ July 1 1948 JAJ 3%s July 1 1944-45 JAJ Vancouver, B 0.5%s '39 AAO 5%s 1952— FAA 5s 1940 A 1941 var 88 86 99% 82% 101% 85 100 4%s 1934 to 1941 1942 to 1940 103 1947 to 1957 107 105 105 106 107% 97 94 100 97 92 94 91 93 90 92 14 89 92 86 91 98 94 101 90 93 89 92 1970 JAJ — Winnipeg. Man, 6s *44—AAO 4%s non-call 1944 MAN 4%s June 1 1946 JAD 4%a June 15 1960 JAD16 4s Aug 1 1946 FAA16 25% o 88 0.00 to Indianapolis S D— 4.40 4 40 4.40 Bldg Sept 1 1940—.JAJ o!%a July 1 1941 JAJ 05s Oct 20 1934-39.AAO20 ols 4 75 Logansp'tJk4%s '34-'37 JADI5 So Bend *4%s W W '43.MAN 04%s W W Dec '43—JAD 96 4.75 4.75 4 75 MAP South Bend School City— 4%a Impt 1939-1948.FAA 05%s 1941 91 83 6.00 3% o4s Fire Dept J'ne i 41 JAJ 6 3.25 to 3% 04%s Sch J ne 16 '40JAD16 6 3.25 to 6% 04%s 1934-1955 ...JAJ 6 3 .25 to 3% 03 %s Hospital 1930 .JAJ 6 3.25 to 3% 03 %s Oltv Hall 1939 .JAJ 6 3.2o to 3% 108 103 15 4 50 Iudlanapolis— 05 %s Track Kiev '35-*47 JAJ 6 3.25 102 5s Jan AAO AAO oGary Sch Oity 4%s Oct 1943 Ham mo n (City)— 4f C H 1942-1950—JAJ30 106% 106% 106% 106% 98 106% 4.50 4.50 AAO oFort Wayne School Dist— 5s Oct 1 1934-1943 105 105 4.50 Fort Wayne— 110 105 5 Elkhart 4%s WW '35-75 AAO Evansvllle o4s ref 1942 JAJ 100 99 Verdun deb 5s 1954 22 INDIANA lsee footnote O) 88 86 5a 1945 A 1940 var 10% 4.75 86 170 84% to 4% 3.80 6 3.90 FAA 6*1.00 FAA 6 1.00 FAA 6 1.00 MAN 6 1.00 - — Bloomlngton 115% 112 10% 168% 4s May 99% 107 35 20 6 3.90 4%s 1934-1944 1 1935 4s Highway 1935 1940—May 4s Highway 1941-1943—May 4s Highway 1945-1954-M&S 4s 1945-1966 MAN 100 98 90 67 69 66 INDIAN TERRITORY (See Oklah oma). GEORGIA 70 4%s ref 1935-1945— 3%a Jan 1936 Albany—5s 1946 82 JAJ 6 3.15 JAJ 6 3.20 JAD 6 3.75 IOWA to 3.00 to 3% 6 3.75 6 3.65 to 3.50 to 3.50 6 3.65 to 3.50 Des Moines 6s '34 '57 6 3.65 6 3.65 to 3.50 Augusta—4%f Flood "42MAN Clarke Co 5s 1934-41-JAJ Celumbus—6s 1934-44—JAJ •. or dele 5a W W '34-'38 JAJ 64% 71% 'Athens—4%e June 30 1943— Atlanta—4 %s Jan 1 1940. JAJ 6s Water 1935-37 JAJ 6s Water 1938-51 JAJ 4%B 1034-1950 JAJ 1934-1940 —JAP 6 3.40 Cedar Rapids 4 %s '49-'53MAN 6 4.15 Davenport Indep Sch Dist— 4% 1939-1940 MAN 6 3.90 4%s 1940-1941 MAN 6 3.90 6 3.40 6 3.60 to 3.25 6 3.60 to 3.40 6 4.50 6 3.60 to 4.25 39 90 66% 72% Appling County— , 75 Road 5s 1949-53— olbb Co 4%s 1948-49—MAN 101% 100% 104% 109% 101% 100% 104% 110% Crisp Co— 65 Hydro-Elec 5s '35-'57.FAN Dougherty Co 5s 35-'48 MAh 6 3.60 107% 108 Macon 109%l 109% 101% Marietta 5s W W 101% 110% 105% 109 111 106% 109% 95 97 89 91 91 100 Rome48Municbldg'35-'39AAO 6 3.60 Savannah—4%s ref 1943.JAJ 6 3.70 Pulaski Co 5s 1934-48 J&J 4%s Drainage 1944 FAA 6 3.60 4%s Refunding 1959--FAA 6 3.60 !4%8 to 3.50 90 4%a W W 1934 42 8s Gen Obllg to 3.50 JAJ 6 3.75 JAD I 3.75 1934-40—JAJ 6 3.75 to 2^ to 3.90 % to 3.75 % to 3.75 % 3.50 % 3.50.% to to to 3.50 % Des Moines Ind S D— 4%a Sept 1 1945 to 3.40 MAS 6 4 00 to 6 4.00 to 4%s 1944 4s Sept 1 1945 MAS Port Dodge 5s Fund '39.. A AO Fremont Oo 5a 1934-36—JAJ to 3.40 3.75 % 3.75 % 3.75 % 6 4.0') to 6 4.60 to 4 6 4.25 to 4.10 .2 5 % % M&rshalltown Ind S D— 75 5a City Hall 1934-39—MAN 6 4.25 to 3.40 to 4% to 3.40 to 3.40 to 3.50 105 to 3.40 to 3.50% to 3.40,% 93 89 4%sW W 1934-36-JAJ 6 3.60 '39.JAJ 6 3.60 1939—FAA 6 3.75 4s Pav A Sew '34 to 91 89 89 100% to 3.40 % 91 91 101 /Flat price. * Negotiability Impaired by maturity, n Nominal. April 23 1903, bonds issued after that date by municipal corporations are 6 Basis. Into effect . JAJ JAJ15 4%s Aug 1 1934-38 4%s 1934-1943 100 100 80% 22 to 3.70 ILLINOIS 4%p Serv Oomp 1934-43 99% 4%s 1942 and 1907—FAA 78% to 101 5a 1950 A 1951 var 19% 84% 119 Quotations) Dominion of Canada— cVCt 92 CANADA (American Dollar - 33 20 16" 83% 196? f 5%b 30% 21 80 MAN Tucuman(Clty)Argentine Rep Secured 7s 1951 JAD / 38% 89% Vienna (O) extl 6s '52..MAN Extl 85 36% 19 MANi*/ 9% Brazil 8s 1952 MAN f 0%s 1957—MAN s 11% 100 1945 -Extl it* It* 92 AAOj*/33% Santiago (Oity)OhIle78*49 J A J2! *J 9 % 7a 106 98 105 25 00 to 6 3.85 103% 104% 99% - AAO 30 7a 1935-1945 AAO 31% Extl b f6%s 1953 MAN /*37% GerrnanCons Munlc 7s*47FAA k 35% Cons munlc 6s 1947 JAD 7 a 1934 89 6 4.25 6 3.90 91 JAJ torth Vancouver 6s 93 95 92 Nova Scotia (Prov) 6s 1934F* A 10% 9% 96 102 4%a non call 1958.M&N 15 4%s s f Apr 15 1961 AA015 4%» 1955 MAS 81 103% 90 MAN 5s Nov 1 1909 New Brunswick— 66 *%a 1965 5s 1953 Danalg 96 103 Harbor Commissioners— 43% % 100 IDAHO 4% s Cap Bldg 1935-1939 JAJ 4%s Imp 1934-47 opt '30.. 4%s Ref 1935 AAO 4%s Ref 1930-1939 AAO 4%s Ref. 1940-45 AAO 4%s Road 1937 opt '27.JAJ 109 66 84% 83% 94% Municipal Loan Danish Cons 106 75 22 %" to 3.90 94 94 1941 %~ 103 3 80 90 JAD Woodbury 8s 1934 49 86 91 102 94 37% 38% 21% Cerdoba (City) 7s extl s f 1957 Extl a f 7a 1937. 85 83 100 rtlec LAP to3.60 to 86 89 AAO 4s Net. 99 82 JAD '36.MAN Maultoba (Prov)6s 1944JAD2 4%s May 1 1946 MAN 4%s Dec 16 I960 JAD16 Montreal 6s Dec 1 1946.JAD 5s s f Nov 1 1950 MAN 4%s May 1954 .... 4%s Jan 1944 JAJ 4%s 1934-1935 AA015 4%a 1936-1939 AA015 4%a 1940-1951 AA016 4%s June 1 1971 JAD is May 1 1944 MAN 3%s refdg May 1939.MAN Metrop-Oo4%s '53. '54 A'01 4%a May 1 1905 MAN 80% Ohrlstlanla (Norway)— Extl g 4%s 96 Lacolne P Q 5s 1964 i Copenhagen— 6t June 1 1952 Ware Co 5s Road 1934-49-JAJ 6 4.25 95 Watkins S D 0s 1984-60-MAN 89% 100% 86 99 Malsonneuve Q 6%b 94% 4.00 Valdosta 5s 1935-1942....Jan "89 87 Ask. 100 1935-60.-AAO Swalnsboro 0s Hamilton— (Oity) extl 6« "68J& Antwerp Spalding Co—6s '34- 49—JAD 6 3.80 88 To or Bid. Bonds. Net. 93% 93% 91% 91% Apr 25 1954 AAO 25 1934 1946 JAD29 4%s 1947-1956 JAD29 4 %s of deb Jan 23 *69 JAJ23 4%s deb 1930 .FAA15 45 May 1934 coupon on Extlsf I 35 % 37 38 MAIN !Vt># Net. Ask. Bid Bonds. rfrlt Ool (Prov) 5s '48. JAJ 15 Foreign Govts. (Concl.) Uruguay Kh ext -FAA Feb 1 '34 & sub ccup attach Extl 8 f 0* Ask. Bid. Yield Basis To or To or Bonds the month preceding the date of issue. Yield Basts Yield Basis o Tax-exempt under a law approved March 9 tax-exempt and these sell on a better basis. 1903 and which went A; Last sale. June, 1934.] STATE 99 MUNICIPAL BONDS AND 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. Bid. Marshall town— New Orleans— Water 1935-42 AAO ft 4-10 4 Ms Water 1»43A'44~AAO b 4.10 b 410 Ottamwa 4 Ms June 1936 4% 4% 6s Pub Belt to to 4% 5s Pub Belt Polk County— 6s Funding 1935—— JAJ 6 4.00 Slaux City 6s '36-45 FAA15 6 4.15 6s Ref Aug 15 1940— FAA15 6 4.15 5s Fire Fund 1934 JAJ 6 3.75 4Ms Sewer 1935-47 MAN 6 4.15 Sioux City 8 D 5s 1941 JAJ 6 4.15 to 3.50 % to 4% to 4% to 3% to 4% to JAJ JAJ JAJ 4MS196O-07 JAJ 4Mb 1934-1977 AAO 4e Floating debt 1948-A AO 4s Constitutional 1942-JAJ 4% Soldiers Oompen *34-*52 6 3 60 Oomp 1953--JAJ 6 3.45 3.45 4s Soldiers Oomp 1954—JAJ Crawford Co 4Ms 1939 380 40 % to 3 is to 330 % Soldiers 3.65 3.65 % to 3.60 % 6 4.80 6 4.80 1950-1959 -JAJ 4Mb 1935 1961 AAO 4M« Sept 1 1934-1968-MAS 3.60 Orleans Parish Sch Board— 3.60 6s 1936-1944 JAD to 1945-1967 JAD 3.70 Plaquemlue Parlsh E Bank— 5s Oct 1952 opt 1942—AAO 3 65 % Pentchartrain District— to 3.70 to 3.70 6e D I 4a Water regUtd 1934-'58-J&J to 4.60 gold July 1 1936 JAJ .a 1966 ref (tax-exem).JAJ 3M& 1937 reg (tax-exem)_JAJ i M» Water 1942 JAJ to 4.60 to 4.60 to 4.60 4.60 to to 4.60 to 4.60 to 4.60 MAN -JAJ 1944 196S 6s 5s July 3 Mb - — B District— 5a 1950 Series B AAO 5s Mar 1953 opt 1943-MAS 5a 1905 Series D FAA 4M« Water 1935-1947—JAJ 6 3 60 6 3 00 Leavenworth Co 5s 1935 — to % 2% 75 6 4 00 .... to 3 6 4 00 McPherson 4Ms 1945 Reno Co 5s 1941 Saline Co 4Ms 1945 Sedgwick Co 4M« Shawnee Co. 4M« to 3 50 to 3 85 I 6 3 85 - Topeka 4Mb 1948 Topeka 8 D 4Mb Mar 1 '35-'46 Wichita 4Mb 1934-36 JAD Wyandotte County— 4 Mb Bridge '35 to '41—fa a 4Mb 1935 1939 JAJ 4 Ms 1940-1945 JAJ to 3 .75 % 0 4 20 to 4.20 % ft 3 80 1940 1944 to 3.70 80 6 2 75 to 3.70 6 3.60 to 3.50 6 3 70 96 96 96 to 2% 4 M« May 2 1935-67—MAN2 Tensas Basin Levee District— JAJ 5s Jan 1957 86 80 96 73 MA8 MAN Hlghw A Bdge '40-44 MAN 4s Hlgbw A Bdge '35-39 JAJ AM" Bridge 1950 Ashland—5b 1935-37 96 Covington— 6s WW Jan 15'35-'61 JAJ 15 b 6.00 4Mb Fdg 1934-48 FAA 4Mb WW 1935-51 4b Fdg 1952 opt '42— FAA b 5.50 4Mb School Jan 1 1935-69— b 5 50 Crittenden County— 5 M« Fdg Feb 1 '39-'49.FAA 50 Henderson County— 4 Mb RAB Oct l'84-*50 AAO 92 Hickman—6s Fdg 1949—MAS 65 Lexington—4b 1945-.-.-FAA b 3.80 5b S D 1938 JAD b 3.8j Livingston County— 6Ms RAB Fdg Marl'49AAO f 60 Louisville—5s Sch 1962-AAO 6 3.65 - MAS 6 3.70 4Mb Hospital 1951 to 97 4Mb Bridge Rev '48--MAN 4Mb Ref 1965 JAD 6 3.65 4 Ms Jan 1 1970 JAJ 6 3.65 1947 4s Lou W Co 1959 92 70 ft 3 00 ft 3 00 300 to 2.75 to 2 75 to to 2 6ax-ex__JAJ 151934-55AAO ft 3.50 ft 3.50 75 75 75 3.60 4a to 3.60 4s July 4s July 100 ft 2.75 to 6 4 25 6 4.25 to 3.60 4s O H '35 *45 tax ex.AAO ft 3 .60 4s High Sch 1930 tax-exem. 6 2.75 Portland Bridge Dldt (taxable) to 3.60 to 3.60 3Ms July 1934 to 1939-MA3 6 3 30 Portland JAD 6 3 25 JAD ft 3.50 AAO 6 4.00 96 Paducah— % 4s to 4% 6a '85-09—JAJ 90 93 5s Highway Dec 15 '35-49 JAD 90 93 6s Dec 31 JAJ 90 93 4Mb High 1934 JAD 16 4MB High 1935-36 JAD 15 4Mb High 1937-39 JAD 16 4MB High 1940-45 JAD 15 4Mb High 1946-49 JAD 15 4Mb High 1950-55 ___JAD 15 Capital 4Mb 1934—FAA15 4M* 1935-1937-.. FAA16 4Mb 1938-1941 —-FAA16 4Mb 1942-1952 FAA15 Atchafalayn Levee Dist— 5s Sept 1934-1972—MAS15 6s Dist ref A imp '49—MAS 5s 1935-1969 FAA Baton Rouge—5s '35 '54-MAS Bossier Dist Levee 6» '64-AAO 90 93 90 93 90 93 90 93 90 93 Port Ooinm'n 1938— 90 93 90 to 3.75 % 103 m to to 5s 1951 opt 1941 Fifth District Levee— 1940 JAJ 1952 opt 1942 JAJ Oct 15 1962 op '52—AAO Oct 15 1963 AA016 1967-1967 —-AA016 1959-1969FAA15 1972 6a 1950 opt 5s 5a 5s 6j 5a 5a 4M« Rd A Bdge '34-'40 JAD15 JAD16 JAJ Annapolis 4Mb W W '42-AAO — 4Mb Mar 11935 '55—MAS 6 3.80 4Mb Mar 1 1965 MAS 6 3.80 4s Aug 1 1951 FAA 104 4s Annex 1954 JAD 104 4b Parks 1965 ..MAN 104 4s Mar 1 1901 MAS 104 4s Aug 1 1961 FAA 104 4s School 1935 1939—.MAN 104 4a 1945-1971 MAS 104 93 75 75 75 90 82 82 95 4a Regla'd stk 1946-57.MAN 4s 1934-1944 AAO 85 90 4s 78 58 65 58 65 58 65 58 65 78 6 3.25 6 3.25 6 3.25 6 3.25 Baltimore—5s 1935-1946 MA8 6 3.80 6a 1935-1901 AAO 6 3.80 6s Gen. Imp. 1943-45—LiAS 6 3.80 5s Water 1061 AAO 6 3.80 5s registered 1946 MAS 6 3.80 90 70 70 Salem 4s Jan i to 3% to 3% Springfield 3 Ms 1935 3.80j% to 4.25 to % 4% to 3.15 to 3.15 MAS AAO to 3.65 to 3.65 % % % % % 5s Dec 1952 opt 1942—JAD JAJ MAS Refunding 1952-—JAJ Sewage Impt '80-AAO Onmber'd 4Mb W W '41-AAO Hagerstown— 5a Water 1938-1917—AAO Impt 1940 Mar 1945 See Foreign Govts, page MICHIGAN (See 2.75 to %50 % 3.60 % to 3.25 to 2.75 to 2.70 1%75 1 97. foot>oteo) to 3.65 3.60 to 3.40 3.70 3.70 3.70 to 3.60 to 3.50 to 3.65 to 3.65 % % 3.35 to 3.40 5Ma July 15 1941 JAJ16 5M« Oct 15 1941 AA015 5M« Highway 1941 JAD 5s Highway 1940 JAD 4Mb Highway 1943 FAA 4Ma Highway Impt 1937 AAO 4s Highway Tmpt, 1949 4AO 3.50 3.30 to 3.35 4.30 to 4.40 (City) 4s 1936 3.60 3.60 to to Ami Arbor School District— —AAO ft 4.30 to 4.40 Hall 1935-36—FAA ft 4.30 to 4.40 4s Sept 1935 Creek— Battle 4s Olty 6 3.80 6 3.80 6 3.80 97 to 3.65 % 3.65j% 100 to 4.40 Dearborn 5b to 4.40 ft 4.50 to 4.75 ft 4.50 to 4.75 JAJ 6 4.60 o6» 1936 3.65;% to 0.00,70 to ft 4.30 ft 4.30 to 4.80 93 96 o6s Pub Serv 1935-51--JAJ 79 81 1936 Detroit— 6 3.70 to 3.30 o5Ma Nov 1 1946 79 81 6 4.30 to 4.10 o5Ms Pub 81 to 05 Ms Sewer 1935-1951.JAJ o5s Pub Impt 1935-51-.JAJ 79 79 78 78 76 80 78 76 78 % % 4.10 % to 4.50 % 4Mb Sewer g 1973——JAJ 6 4.95 to 4.75 % 6a 1909 to 4.75 6 4.95 r o5s Jan UtII MAN "35 '51-JAJ 15 1936-42..JAJ 15 o4M« Pub Lib 1948.JAJ15 04 M» Jan 1 1935-1942 JAJ - 81 80 % ft Basis. / Flat price, n Nominal, o Tax-exempt under a law approved March 13 1909, and which went into effect Sept. 1 1909. after that date by municipal corporations are tax-exempt and these, accordingly, sell on a better basis. to to 3.25 Ann Arbor to 3.65 104 MAN 6 4.90 6s 3.00 3 25 3.60 .75 3.15!% 104 8Mb 8Mb 8Mb 8Mb % to 2.90 % MEXICO to 3.15 % to to 3.65 Washington Sub San Dist— Lake 2% to 2.75 MAN 4Mb 1935-1937 FAA 4MB 1938-1949 FAA Bay Olty 4s 1934 JAJ 5Ma W W 1935-1951-MAS Bay Olty Union 8 D— 1972-1975 4a 1935-1957.-- Montgomery Co 4Mb 1939-1968 1944—JAJ 1928—JAJ 1956-1970 AAO Borgne Dist Levee— to Battle Greek S D— 6s Jan 1954 opt Levee— JAJ FAA 6 1.00 (tax-ex) Waltham 3 Ms 1934-45..FAA ft 1.00 4s 1934-1960 FAA ft 1.00 Warren Water DIstr'ct— 4Mb 1935 1953 ....FAA 6 1.75 % % 104 6s Jan 1937 opt Basin .75 Soinerville 4s Dec 1 1934 AAO 4s July 1 1934-35 JAJ 4b July 1 1948-50.. JAJ 104 MAS AAO 6 4.30 Lafourche '35-'54 tax-ex. ft 2.50 104 1956-1905 4Mb 1930-1980 -- .75 1.00 .75 Winchester 4s 1939-1943 AAO 6 2.40 93 90 JAD 4s 1934-1937tax-ex..JAJ 15 6 1.00 Quincy 3 Ms '35 to '39—.AAO ft 1.50 to 3.45 to % 2.50 FAA ,3Ms Water 1934 N -wton 4s 1935 Plttsfleld— 4% 4% 1935——JAJ Wellesley (Town) 4a Mar 1 1935 1940—MAS 6 90 85 to 3.50 MAS Watertown —4s 4s JAJ exempt) 1935 (tax-ex) to 4 25 % 90 Caddo District Levee— to 3.25 % (tax ...MAN 6 2.50 Newburyport— MAN 6 4.50 .MAS 6 4.50 6 4.10 Westbrook 4M» 1935-48— 93 93 82 'to 2% .50 New Bedford— 4s Sewer 1935-41 4Mb 1934 tax-ex 4 Ma 1934-19424 Ma 1934-1942 % 6'1.50 to 3.25 % 1934-1937 tax-ex...FAA 6 4M« *35-43 (taxexmp) AAO 6 1.50 94 93 to Needham— 2.50 LOUISIANA. 90 % 4.25 MARYLAND 5s Port Oomm'n 1935-37—J&J % 3.25 to 3.25 4s 1935-'44 . 3.50 3.00 .75 to 1934-1950--Waterville 3 M« 1935 % % 4a 1940-51 (tax-ex mpt) MAN Maiden 4s '34-'44(tax-ex) FAA to 3.40 % 4s to 4.00 to 2.75 8aco 4s April 1939-. louth Portland Sewer Dlst- to 3.60 to 4.25 Milton— District— 1938-. 4s Funding 1948 to 3.60 to 5.50 Water 4a Funding s to 3.10 % FAA 3 Ms 1934-1942 tax-ex.MAN 3.80 Portland— to 3.60 % 1.50 4s JAJ JAJ 1934-1939 1952-1958 to 3.75 (tax-exmpt).MAN District— 102 to 3.40 2.10 Vledford— to 1 1959—MAN 6 3.90 Water 5s Jan 1935 to 1938 jaj >ld Town Water District— to 3.60 % 3.35 % Water District— Ref May £lttery 70 to 2.75 3.00 (Town) 4Mb 1937 (tar-ex) Lynn— 2.75 to 2.25 ft 3.90 ft 4.50 ft 4.50 to 4.00 % 2.00 Lawell— Sch Dist— MAN % 3.40 % 3 00 3.50 4.00 4Mb 1935-44 MAN 6 2.00 Holyoke— 4Mb 35 '50 (tax-ex)._FAA 6 2.50 4Mb 34*41 (tax-ex).__JAJ 6 2.50 2 75 to 3.35 to 3^50 3.10 3.15 JAJ 6 3.50 1941-1958 4s '35-'39 Kennebec tax-ex. to River— Franklin 2 75 ft 3.00 ft 3.00 to to 3.25 AAO 6 1.00 ...MAS MAS 4h 1935 '55 (tax-ex)...MAN to 2.75 4Mb 1934-1945 to 3.60 3.50 Everett— ft 3 00 3rewer to 3.60 4MB w W 1934-1970—-AAO 6 5.75 Warren Co—4Mb '35-'59-JAJ 92 80 100 to 2 95 to 3.60 94 73 100 to 75 JAJ 6 3.65 1941...JAJ 6 3.65 2.00 3.50 Cambridge— 4s Oct 1 1946-1949 AAO 8Mb May i '46 ire«>.M<*N Is Bridge 1941 FAA Chelsea—4s Park 1930._AAO 4a Sept 1 1958 MAS 100 to 2 tax-ex_JAD Belfast 4Ms Ref 1934-1950— Blddeford 4s 1934 MAN to 3.60 JAD 100 3angor— 4s Ref Wat '36 (laxaOJfl).JAJ ft 2.50 to 3.60 Sewer 100 98 98 98 98 98 ft 3 00 3ath 4s Ref 1941 to JAJ 1943 JAD 1944—...JAD 1935 4a 1934-1947 ft 3.00 High 60 Brockton— ft 3.00 iugusta 4s Oct to 5.25 FAA 6 3.65 1970 3 Ms Ref 1943 3s Sew A Park 58 mas mas mas mas 1934-1935. 1936-1937 3 ms 1938-1939 3 ms 1940-1951 4s 1935 A 1940 to 5.25 to 5.25 2.25 3.50 3.80 8Mb July I 1945 JAJ Braintree—4b 1934-1941JAJ15 6 1.50 auburn— to 5.25 ...FAA 6 3.65 JAJ 6 3.65 4s Sewer 1965-- 78 70 70 72 58 1935-1942—MAJ 3 mb 3 ms 5% JAA 6 3.70 JAJ 6 3.65 FAA 6 3.65 4Mb Sewer 1969 4s Ref July 1 1937 4s State Pier 6.00 to 5.50 90 -AAO & 5 50 JAJ b 5 50 4 Mb 1935-1950 4s - - 1955.JAJ 6 5.25 Bowling Green—5s 97 6.00 MAS 4Mb S I '42. '47 A '52__MA8 2 25 3.80 3.80 3.50 4a July 1 KENTUCKY 3.80 3.95 4Mb 1935-1937 4Mb 1938-1941 '54-AAO % 4.00 8Mb July 1 8Mb June 1 3 Mb June-1 8O 83 MAINS 5s Hway A Bdge "35 4s Sept 1 1934-1953 to 1.50 .50 6 1.00 to 2.80 % — 4s Sub 1958 tax-ex JAJ is Tub A Suh'59 tax-ex .JAJ 3 Mb 1934-1951 MAS Fall to 3 .50 % 2.00 4Mb Dec 1970 • x Is July 1936 JAJ is Apr "35 37 (tax-ex).AAO is 1934-1939 (tax-ex)..JAJ 4s Tunnel A Sub 1941.JAD 4t Sub 1957 tax-ex....AAO 96 to 3 60 6 3 to 2.75 .50 4Mb Sept 11981 VI.. 4Mb Tun 1960 tax-ex.. v to 3 60 6 3 70 6 3 70 Shr3veport— 58 1935 1936 FAA 5s Dec 1 1934-1969—JAD 5a Wat Wka Hit '35-'40MA8 1Mb W WA 8ew'34-'64-JAJ 1.25 2.30 2.40 1935 4sU935-1945 (tax ex)-MAN „ 72 March MAS Beverley 4s '34-'36(tax ex) AAO 6 Boston 80 69 2.50 2.60 Attleboro— to 4.60 92 92 92 1.75 3Ma gold July 1944 MAS 3s Met Sewerage 1930—MAS 3a gold July 1 1939 JAJ 3s gold Water Jan 1 1941-JAJ Arlington 4a 34-'42(tax ex) JAJ b to 4.60 Net. 2.80 2.85 75 2.80 s Red River A A B Leavenworth— Ask. MASSACHUSETTS 1934-52 (tax-exempt) —Var 4a to 4.60 1934-1939 JAJ 92 1940-1949—92 5s July Bid. Bonds. to 4.60 • to 3.50 % to 3.50 % Education— 1935-1953 FAA 6 1.25 4MB 1934-1953 JAJ 6 1.00 Bcb Dist 4Ms 1935-54—JAJ 6 1.25 Owensboro—5s 4.80 4.80 4.80 4.80 5s July to 3 30 3.50 4Mb 1 4.80 5s July 4Ms Pub Bldg '61 op '81 JAJ 4Mb 1939Kansas City 5s 1942 FAA 4Mb Wat A Light 1944-JAJ 4Mb Wat Plant Pur '39 JAJ 4Mb Imp July IS '49— JAJ 4s Jan 6 6 6 6 6 To or Net. „ & 4.80 4Mb serial 1940-1980 Orleans DiHtrlo*— Hutchinson— 4» Sewer Ask. 4Mb serial 1934-*.-----..-- b 4.80 to 4.60 4Mb serial 1935-1940 6 4.80 to 4.60 4Mb or , 4s Public Impt 1960 opt 1942 (old Issue) JAJ 6 4.80 4s Pub Impt 42 opt '9S.JAJ 6 4.80 KANSAS. Board _ RR '39-'49_JAJ 6 4.80 1950-69---JAD 6 4.80 4Ms 1935-39 4Mb 1940-49 4Ms 1950-69 to Yield Basis To or Bid. Bonds. Net. Ask. Bonds issued STATE 100 Quotations tor all AND securities are as near Bid. (concluded)— 76 1 i ">4 M957--J&J 76 o4M» 1935 1915 M&N 76 o4Ms 1936-1937 M&N o 4 Ms 1938-1951 M&N jf 76 lb. 4MB 1942-1962 J&D 74 4Mb Jan 1 1957 74 4Mb 1935-1960 M&N 16 Detroit 4via Jan Net. 76 78 76 74 -M&N 74 1956—M&N 15 o4a May 11961 M&N 72 74 72 83 74 87 87 83 87 91 94 91 94 0 Is May 15 83 '34-'54—M&S16 4M> 1934-1937---- J&D o5s (Mar 16 & Apr 1) 35 60 oFllnt 4 Ha M&S 6B 1935-1954 4Mb Mar 11935-1939 Rapid*—, _ .. _ 90 4Mb Oct 1 1934-1938—A&O 90 4Mb 1934-1963 F&A 90 4Mb 1934-1935 F&A 90 4Mb 1936-1942 FA A 90 4n 1934-1953 F&A 90 4a 1943-1960 F&A 90 8Mb 1934-1937 F&A 90 3 Mb 1938-1941 F&A 90 8Mb 1942-1961 F&A GrandRapids SchooiDlitrlct— 95 4M 1934-1943 M&S Highland Park— 95 04Mb Sept 15 1934—-M&S 95 o4Mb April 15 1957 — 85 Jackson 4M8 1935-'47-A&016 85 4 Mb Gen Impt '35 '64 M&N Jackson Un S D— / 94 4 Ms 1934-1936 M&N 4Mb 1937-1945 M&N / 93 . _ terming—• o4Hb Jan 3 90 F&A F&A 1934 1934-1938 4s 1939-19614s 98 4Mb 1938 & 1939 4Mb 1943-1946 90 4s Road 1934 Ser D 4b 1943-1947 4b Nov 96 8Mb 1948-1952 4Mb Road 1938-42 lackson Co 4s 1934 '51 95 95 53 57 53 57 53 57 57 57 -- --- 53 53 53 6s Wat Impt 1936-50—J&D b 5.00 Port Huron 4M« 1942 b 5.00 Saginaw 4Mb 1934-1949. F&a b 5.00 4Mb Sewer 1934-1951—J&D b 5.00 4MsWat Jan 2 '35-'39-J&J Wayne County— 4mb bldg&bdge 34 39M&N 4mb 1942-1949 A&O 4Mb 1935-1941 A&O Wyandotte 4Mb 1934—J&D 95 95 95 95 100 3.75 4Mb July 15 1943J&J16 4Mb Dec 1 1939— J&D Duluth 4M" 1934-1947.—J&J 4Mb 1935-1942. M&N 4sW ater & Light 1936-A&0 4i 1934-1946 J&J Duluth lnd School Dlat—5Mb 1936. 1938. 1940-A&O 4Mb Feb 1 '40 op '30—F&A 4s 1934 opt 1924 A&O County— 1935-40 __ 3.75 4.25 4.25 4.25 4.25 4.25 4.25 4.25 , 4 00 M&N Bridge 1935-40—M&N 6s Bridge 4.00 3.50 6Mb 4Mb Sanitorlum 34-'42_J&J 4Mb Hospital '35-'41.M&N Minneapolis— 5s 1935. '36. *40. 43. '45. *46. 47. *41. '49. '60-J&D 3 50 1.00 4Mb 4Mb 4Mb 4Mb 4Mb to 3.50 1.00 1934-1935 — — Apr 1935 a&o Apr 1936 & 1937-A&O Apr 1938-1939—A&O Apr 1940-1952...a&O to 3.50 1.00 6B8ClmpMay2'37-'4lM&N2 to 3.50 1.00 to 3.50 1.00 to 3.50 1.00 to 1.00 3.50 to 3.50 1.00 to 3.50 1.00 to 3.50 1.00 4M« 1935 1937 a&O 4mb School 1934-1941—— 4Mb 4Mb 4 MB 4Mb A&O b 1.00 b 1.00 to 3.50 1934-1941 b 3.85% &— 3.85% b 3 .85% b 3.85% 3.85% b. 4Mb Rd&Bdge ,34-*43 J&D b 1.00 fit Paul—6s 8c July 1 fll.J&J b 1.00 4Mb W W 1934-42—A&O b 1.00 £i School July 1 IW51-.J&J b 1.00 6a Gen'l Impt 1935-62. J&J to to % 3.05 '0 I20 3.15 to 4% % to 3.95 3.90 to 4% to 4% to 3.85 % 2.00 2.00 2.00 2.00 3.60 J&J 3.60 J&J J&J J&J J&J J&J ....J&J 1940-1950 1935-1950 1937 1946 o. to F&A 4Mb W W 1034-1945-A&O 4Mb 1934-1948 M&N 4Mb 1941-1948M&N 4s 1936 M&N 4s 1937-1940 m&N 4a 1941-1945 m&N 4b 1946-1951 m&N m&N J&J15 4% to 3.80 to 4% to 3.90 to 4% to 3.80 to 3.90 to 3.80 4MB July 1935— 4Mb Sewer July 1 J&J '43—J&J Aug 1 '43-F&A 4Mb July 1 1955 J&J 4Mb 1935-1937 J&J 4mb 1938-1959 J&J 4mb Water a&O a&O —a&O 4s 1935 4a 1936-1939 4a 1940-1961 5 Ms impt 4 Ms .May 1935-1946 M&S J&J 1953 J&J 6B 1941 J&J Daniels Co 6b 1935-1942..J&J Phillips CoSaDec '35 op'33J&J to 3.70 to 3.40 to 2.50 to 3.25 5 1.00 to 3.10 5 1.00 to 3.20 5 2.75 to 3.20 to 3.75 b 1.00 b 1.00 b 1.00 b 1.00 b 1.00 to 3.75 b 1.00 to 3.75 53 50 53 50 53 50 53 50 53 57 57 57 9% 8.00 % to 5.25 to 5.00 5.25 to 5.00 5.25 to 5.00 5.25 to 5.50 5.50 5.00,% 1 70 60 5.50 % % % 70 60 to 5.25 % to 5.25 % to 5.25 % to 5.25 % to 5.25 to 5.25 5.50 to *38—A&O 5.50 to 4.25 to 4.00 4.25 to 5.25 to 5.00 5.25 to 5.25 to 5.00 % % 5.25 % 5.25|% % 4.00 % % 5.00!% 5.25 to 5.25 80 5.25 % to 5.00 to 5.00 5.00,% 78 % 83 78 % I 85 83 78 83 J&J 78 83 ..J&J 1934-1964 F&A 1934 J&J 1935 & 1936-.—J&J 1937-1970.1 J&J Co— 4MB 1935-1957- 80 85 4Mb 4MB 4Mb 4Mb 80 85 80 85 3% to 3.85 % 5 1.25 to 3.50 5 3.50 to 4s 3.70 103 85 J&J 80 85 J&D 1944 Cape May—5s 1934 102 M 6b 1936-1940— 104 M 104 73 65 70 65 70 65 70 68 72 J&J 6 5.25 4Mb 1934-1957 A&O 6 5.25 6Ms Dec 1 1934-1946-J&D 6 5.25 6s 1935-1972 J&J 5 5.25 101 98 100 5 4.35 Englewood—4s Sept '36-M&8 Essex Co 4 Ms Road '35 .F&A 5 4.25 4Mb 1935 M&815 5 4.25 90 4Mb 1936-1949 M&815 4Mb 1950-1960 M&816 4Mb Road 1934-1936—F&A 4s Hospital 1946 F&A 3.65s Park 1935 F&A Fells (Boroj 4.15 A&O Holdrege 8 D lie 1039-52-J&D Kearney ref 4b 1934-43— Essex 4.25 5s Highway 1942 1934-1960 Fairvlew—5s 4.05 5 Mb 75 to 4.75 to4 75 to 4 75 to 5 00 to 5.00 to 5.00 to 5.00 to 5 4.25 to 4.20 5 4.25 5 4.25 to4.20 % t'- 4.20 % 5 4.25 to 4 20 % % 5 4.25 to 4.20 % 5 4.25 to 4.00 % f 60 1944 4Ms*34-66j&D Water 1937-1955 % 4.20 % to4.20 % to 4.20 % 28 - GloucesterClty Lincoln School District— 5s July 75 70 J&J 6 5 00 1935 I960 Elisabeth—4 M a 1955 5s Sewer 92 99 M M&S 70 East Orange 4 Mb *34-'45_F&A 5 5 00 4Mb 1934-1969. J&D b 5 00 80 85 80 80 4Ms School 1935-1951-M&S 4Mb 1935-1952 M&S Cape May Co— 5s 1935 M&S Douglas County— to 3.75 53 50 to to 3.20 BeatriceRef 58 '44 opt '84 A&O Beatrice 8 D 5a 1935-54—F&A b 1.00 53 50 to 2.60 NEBRASKA to 3.75 53 50 4MB 1942-1969 to 3.75 to 3.75 to 3.75 53 50 4Mb Water *35 to '60.M&N to 3.75 b 1.00 63 50 5.50 Camden to 3.75 b 1.00 55 63 5.50 Brldgeton (City)— 4MB 1934-1935 J&D 4MB 1936-1942 J&D 4Mb 1943-1949 J&D 4MB 1950-1954 -J&D 4MB 1955-1958 J&D Bogota— 4MB 1934-1940 -J&D Bound Brook 4Mb '34-'42 J&D Camden 5Ms 1934-01—_F&A 4Mb School 1943 A&O Great Falls— to 3.75 63 63 65 70 75 70 75 4Mb 1934-1958 M&N McCook Fund 5s '84-48.F&A 1 1939-50-- ...—- - 4 Ms Impt J&J 5Ms Sewer '35 to *39-.J&J 4 Mb Wat & Sew *34 "50-J&J MISSISSIPPI 4 Ms 1934-1934 4Mb Educational 1944 Butte 5b 1935-1936 55 5.50 4s Court Hse "35 Bliomfleld— to 3.70 5 2.75 2". 2 5" 63 4Mb Dec 15 1934 64--.J&D 4M« 1934 to 1969—J&D 15 5 2.00 5 2.90 55 55 55 4MB 1935 1939 A&O 4Mb Aug 1934-1938.—F&A MONTANA SMsEducat'i 1934-1941..J&J 4Mb 1935-1939 M&N 4MB 1934-1953 --M&N 4M« 1936-1946 M&8 4Mb 19M-1960 M&S 4Mb 1935 1970M&N Atlan City 4 Ms 1934-38—J&J <MB 1938-1958J&J 4Mb Paving 1938 J&J 4Mb Jan 1 1945 -J&J 4MB Judp 1 1934-66.J&D 4.40s 1935 1964 _.M&8 6s 1935-1939 F&A 5s 1940-1947 F&A 5s 1948-1968 F&A Atlan Co. 4Mb 1935 A&O 4Mb Bridge iyao-67 A&O 4.10b 1934 .M&N Andub S D 6s 1934-'40— A.&0 Bayonne 5s 1935-1949 .—J&J 4Mb 1934-1955 F&A 4Mb Funding 1945 4Mb School 1934-66—F&A Belleville 5s 1934 & '44.M&N Belleville 8 D 5» *34-'44M&N Bergen Co 5M8 1934 J&D 5Ms Dec 1 19Hft-l942.-J&D 5Ms Dec 15 1934-60-J&D15 %45 3. 40 J&D 58 Dec 15 1934 1955.J&D 16 to 3.70 5 3.60 5 3.40 to 3.60 dJltyj— 6s Dec 1944 3.90 to to 3.75 53.10 Springfield 4Msl935-49.M&N 5 1.60 University City— 4Mb 1935 1943 4Mb 1942-1949 70 4% to 5s 1941 5 3.50 3 Ms 1941-1951 c St Joseph 4Mb '34-'45—M&S 5 1.00 St Joseph 4Mb ref 1951 St Joseph 8 D 4Mb 1935 .. 4s 1940 St Louis 4Mb Bridge '35-A&0 4Mb Public Bldg & Imp 5 1.00 1934-1943 J&J 5 1.50 4*8 1935-1939 F&A 4MB 1940-1953 3.25 Aabury Park J&J 1939- .40 .J&J 4Mb Highway '54 opt '39-J&J 1940.... -J&J 4 Ms Inst Constr 1934-67-J&J & 1-00 1.00 5s Highway 1951 opt '3 6-J&J 2.75 % to 3.90 % 1.00 1.75 v0 2.75 4 M« 1955 opt % to J&J J&J 3.50 3.50 —J&J 1940 to3~% to '35-'41-J&J 1934-'4»_J&J 1950-'66.J&J 4Mb Road & bdge 1938.-J&J 2% to 3 5 2.25 to 3.75 to 3.75 to 3.20 to to 3.50 M&N Ramsey Co 4Mb 34-*50-F&A 4Mb Dec 1 I935-1950-J&D 4Mb Rd&Bdge '88-'44 M&N 4Mb Rd&Bdge *35 '37 M&N 4a 1944 3Ms JERSEY 1.00 to 3.50 to 3.50 3.00 1.00 to 3.50 4Mb 1935-1940 A&O b 1.00 4s School Jan 1 1935—J&J b 1.00 4fl Improvement 1942.J&D 3.00 1.00 2% to 2.40 1940 J&J 5 2.00 4Mb Various May 9 '35-72 4Ms Jan & July 1942-—J&J 4Mb 1934-1954J&J 5 2 00 4Mb 1934-1943 J&J 5 2.00 5 2 00 4Mb 1935-1955 A&O 5 2 00 4MB 1934-1947.J&D 52.00 4M« Airport 1934-'54—A&0 5 3 00 4s Airport 1936-1951 4s Auditorium Nov 1 *34-71 5 2.00 5 2.00 4s Various 1934-1970-M&N Kansas City S D— 5 3.60 4s 1941-1951 J&J to 5.25 90 to 4 Ms 5.25 to 5.25 M&S M&S M&S 1934 NEW _ 4Mb 1936-60 J&J15 5 2.50 4Mb 1949J&D 5 3.00 4Mb Road 1937-52 5 3.00 4mb Court House 1937-52 Joplln Sch Diat 4Mb 1943-'48. 53 75 KanBasCity 4mb 1936 J&J 4s 1935 J&J 5s 1935 J&J 58 water 1939 to 90 4 Ms 1935-1950 4Mb 57 90 1944-1948 1 1948-1952 5s sewer 1935 to 5.25 3.00 3 Ms Emer Relief _ minnesota Hennepin M&S ..M&S b~2J5 A&O 5 2.80 M&N 97 95 Too" A&O 5 2.25 5 2.75 M&S 90 90 1941-1967 4Mb 1946-1951 -M&S 6Mb Sewer 1934-1942 F&A 6s Wat Impt 1934-35—J&D 4s 4b 3.30 4Mb Road 1948-1950—-M&S 4MB 1934-1937 A&O 98 90 *35-'47—M&S 5 1.00 98 95 95 3.00 8*s Inst Oonstr 3 Ms Inst Oonstr is Road 1950 5b March 1 1935-1937 1 2.50 2.60 4b 1941-1945 95 Road 2.00 4a 1935-1940 MISSOURI 4fl 2.75 Manchester— 95 95 J&J 'aU 1934-43 M&S 4Mb Highway 1934-48-J&D Concord 4M» 1942 J&D 4mb '38. '40, '42. '44.M&N Keene 4 Ms 1934-1942—M&N 4s Highway 95 90 F&A Muskegon S D 6s 1942—.July Pontlac—4Mb 95 to 4.50 44—J&J 4s 95 3.90 HAMPSHIRE NEW 4s July 1934-1948 4s June 1934 1938 J&J 5.50 to 5.00 4Mb Sept 1934 M&S Vicksburg— b 5.00 to 4.50 6a Pub Imp 1934-48 —F&A to 5% Yasoo-Mlss Delta Levee Dlst- b 5.50 to 5% 5s 1934-1954 M&N 5 5.50 to 5% 4mb July 1949 J&J 5 5.50 4s 1952 optional 1922..J&J 5 5.50 to 5% 95 J&J 10% 5.50 to 5.00 5.50 to 5.00 M&N 385 92 District— School 4mb 1936-56 6.50,6.25% 95 to 4.50 90 ¥ork 5% 4mb School House 1941 J&J 5s July 1 1953 Net. 8% 6.50,6.00% 6.50 6.25% Mississippi Levee District— 42. apt '32.M&N 4Mb Ref to 4.40 Jones Co 6a 1935-1942—M&N Meridian 5s Dec 1 1939. .J&D 95 b 4.30 ----J&D Muskegon 4Mb 1935- 4Mb Jan 1 1935-1952. 4 MB 1934-1952 M&N & 4.30 1935-*38—J&J3 4Mb 1937-1946- to 4.40 5.50 to 5.20 % 5.50,to 5.20% 5.50 to 5.20 % ..A&O _ 5e May 2 1944 Flint union SchooIDlst— Grand 5Ms 1935-1954.. to 4.40 to Ask Omaha SD 4 Ms Mayl'66 M&N Scot to bluff— to 4.40 to To or Bid. Bonds MVrf Jackson— 78 72 "4b School 1946 \ Bondi. 76 78 72 M&S 1944 School Ask. Bid. 4Mb Flood 1934- 53 A&O b 4.60 4Mb July 1 1934-1935 J&J £ f 60 4M« July 1 1936 ...J&J b 4.60 3 Mb State 1934 opt 1914--J&J & fgO Greenville 5« fund '43-*50 F&A b 5.75 Blloxi 5Ms 1935-1943 A&O b 9% Harrison Co 5Ms 1940-60 F&A b 15% 78 " 4s To i i Ask. Yield Basis I Yield Basis To or . month preceding the date of Issue closing day of the Yield vasts Bonds BONDS MUNICIPAL as possible for the J&J 4.50 b 4.75 to b 4.75 fr 4.75 to 4.50 b 4.75 to 4.50 to 4.50 3.60 4.50 Gloucester Norfolk 4Mb ref 1945optM&8 North Platte Sch Dlat— 4.00 4Mb Bldg&Rd'84-'45 J&D2C 5 5.25 to 5.00 % 85 80 Hackensack—4Mb 1942.F&A 85 80 4MB Imp 1985-1942 J&J 85 80 6b 1935-1954 F&A 5.75 to 5.50 Hoboken—4Mb 1940 J&J 5.75 to 5.50 5b School 1935-1954 J&J 5.50 to 5.25 Hudson Co—4Mb 1948—A&O 5.50 to 5.25 4Mb Mav 1 1950..—-M&N 5.50 to 5.25 4MB 1935-1978 M&N15 5.50 to 5.25 4a g Park 1954 & '69..M&N 5.50 to 5.25 la gold refunding 1935-F&A 5.50 to 5.25 4Mb July 15 1934 J&J 16 5.50 to 5.25 4Mb July 15 '85-'74 &J16 4Mb 1940-50 Omaha— 4 Ms Wat wire Deo 4Mb May 11956 6b 1948 4.10 J&J 16 '41 J&J 5 3.50 M&N 5 3.50 J&D 6 3.50 to 3.30 to 3.30 to 3.30 % % % Co— . h Rmala onds issued c Less 1M. n Nominal, o Tax-exempt under a law approved March 13 1909, and which went Into effect Sept. 1 1909. municipal corporations are tax-exempt and these, acordlngly, sell on a better basis. /Flat price, after that date by June, 1934.] STATE Quotations for all securities MUNICIPAL AND To or Bid. Hunterdon County— 4 Ms road & bldg '35-'40 J&J Irvlngton 6s School '03—J&D 4Mb 1034-1939 J&D 4KB 1940-1969 J&D Jersey City 6 4s 1942-63- A&O 6a Aug 1 1936 F&A 64b Dec 1 1934-1933 J&D 6s 1934-1969 A&O 4 Ma School 1934-68 J AD 4Ha School 1946 J&J 4 4f Water 1961 A&O 4Mb 1934-1906 J&D 4a Refunding 1949.. F&A Keansburg 6Ha Kearny 4Ha 1930 —; F&A 4H» Water 1935-1902 M&N Ask. to 4.15 6 5.50 to 5.25 6 5.50 to 5.25 6 5.50 to % % 85 90 85 90 90 95 83 86 Sussex Go 80 83 80 83 Impt 1935-1956—M&N 6 4.25 T "neck (Twp) 548/3438-70 Tenafly 4Ma 1935-1903-F&A 6 5.50 Trenton 5 4® 1934-1961-A&0 6 4.60 5s School 1935 A&O 6 4.60 5a School 1930-1937—A&O 6 4.60 5a School 1938-1939—-A&O 6 4.60 5s School 1940-1955—-A&O 6 4.60 4a 6 5.50 83 83 83 60 to 5.35 % 6 5.50 to5.35'~ 80 80 80 50 A&O 6 4.10 to J&J 0a Road & Bdge 1934. F&A 6 4.10 to 6 4.10 to 4Hs Fund July 1935 1939.. 6 6.00 4Ha Road 1935 44 F&A2 6 6.00 0a 0a 16 *35 *60—M&S to 4% 4% 4% 5.75 80 4He Rd&Bdg *34-'5lF&Al5 to 4 Ha High Sch Bldg '44- J&D 6 4.10 to Morris Co—4a '86 opt '96.J&J 6 4.10 4H« 1042 opt 1922 J&J 6 M0 to 8Mb 1934 J&D 16 8Mb 1935-1938 J&D 15 8Mb 1939-1949 J&D 15 Morrlstown 4Ha '34-'42.-J&D 4a 1935-1936. M&N 4a 1937-1940 ..M&N 4a 1941-1969 M&N Newark—4 4a 1944.. F&A 0s 1934-1935 M&S 6a 1930-1972 M&S 98 6Ha 1935-1950-- .—M&S, Weatfleld5s Jonelfi^- 0OJ&D|6 4Mb 1935-1960 West New York 5b ' 95 4.15 A&0.6 4.1o 1930„M&8| 65 Weat Orange (T) 0s '38- M&S 6 6.00 to 4.70 4.% to 4.% to to 4.10 % to 4.10 % 75 to 4.25 % to 4 50 to to to to to to to to to 6 4.35 to 4.25 6 4 35 to 4.25 100 to to to to 6 5 00 to 6 6.00 6 6.00 4.80 to 5 .75 5 Ha Oct 15 '34 to '59 A&O 15 6 5.50 6a 1934-1M68 J&J 6 5.00 4H» 1935-1969 M&S15 6 5.00 to 4.80 Middle F&A 6 5 00 to 4.80 6 5 00 to 4.80 Diat 6Ha '34-73 f&a Secorro Co 5a *41 op '21—a&o 4Mb School Dec 1 '45 J&D 6 5.00 4a Sch House 1959 opt 1949 6 5.00 4a Paa Val 8ew'01 op'51 J&D 6 5.00 4a 1934-35 J&D 6 5.00 4a 1930-37 J&D 6 5.00 4a 1938-42 J&D 6 5.00 4a 1943-70 J&D 6 5.00 75 % 100 100 90 Dock I960 4H> Apr 15 '35-'61.A&016 8H> Track Kiev 1954.F&A 6 5.00 New Brunswlck4Ma34-67F&A 6 5.75 4Ha Sch & Wat '34 69 J&D 6 5.75 4Ma 1934 1967 J&D 6 5.75 North Arlington (Borough) 40 5H» Impt 1934 1935—— 6a Impt 1934 193540 North Bergen 6a 1941—J&D 40 6a School 1934-58 M&S 40 Nutley 8 D 4 Ha '35-'42. F&A 4Ha 1943-1907.... ...F&A 5 Ha Nov 15 1934-89.M&N Ocean City—6a 1944 F&A 4Mb Impt May 15 1938-'60. Ocean Co 4Ha 1934-1950J&D Orange— 4Hs School 1943 .J&D 4H> Sewer 1934-1964 A&O 4a School House 1984 Paaa&lc 4Hi mmtm m ' 95 to 3.70 3% to 3% to 3~70 4Ma School 1935-1960.A&O 4Ha School 193# 5a Feb. 1936-1977 F&A Plalnfleld—4a 1934 J&D 4s School 1959 M&N 44a 1934-1962 various Rahway 4Mb 1934 4Mb 1935-1936 4 Ha 1934-1934 4 Ha 1935-1936 Ramsey 5s Water 1934-1940.. Red Bank (Borough)— 4 Ha 1984-1953 M&N Rldgewood 4 Ha 1935-62 .M&N 1934-1989 5.50 4 to 5.50 to 5.75 4a 75 75 80 4s 80 4a 80 85 4a 4a 6 5.25 6 3.00 to 2.75 % 6 2.50 6 2.60 to 2.25 % to 2.40 % 6 3.20 to 3.10 6 3.20 to 3.10 % 6 3.20 to 3.10 % 4a 4a to 3.20 % 6 3.20 to 3.10 % 6 3.20 to 3.10 6 3.20 6 3.20 % % to 4.35 % to 5% to 5% to 5% to 3.10 % to 3.10 % 5.25 78 81 78 81 78 78 81 81 78 81 to4% to 4% 6 4.15 to 4% 6 5.75 to 5.50 % 6 5.75 to 5.50 % 6 5.75 to 6 5.75 to 5.50 to 5.50i% % 6.75 % 6 4.75 to 4.50 6 4.25 to 4.15 J&J 6 4.25 M&N 6 4.25 to 4.15 to 4.15 to 8% to 1907..M&s 6 3.20 4a Bldg conatr *84-'39—m&s 6 2.25 4a Bldg constr '40-'49—-m&8 6 2.60 Is Grade Cross &e *34-36 m&s 6 1.00 4s St Inst Bldg *35 '53—m&s 6 2.20 4a Apr 15 1940-1955— -a&015 6 3.20 3ma St Ins Bldg '35-78 ..M&s Mar 15 1935—m&s 15 Mar 16 '30-'39—m&s 15 3 Ha Mar 15 *40-'81-m&s 15 3 Ma Mar 15 1935 m&s 15 3 ma Mar 15 '36-*39—m&s 15 3 ma Mar 15 '40-'81—m&s 15 3a g Canal Jan 1 1950 J&j 3a g Canal Jnly 1 1958—j&j 3s g Canal Jan 1 1959—.j&J 3a Canal 1057-59 J&j Albany Co 4ms 1930-38.m&N 4mb 1935-1900 m&s 3 mo Fund 1934-1941--m&n Albany 4 ha 1934-39 m&n 4 ha 1940-1909 m&n 4mb 1934-1954 J&d 4mb 1934-1936 j&d 4mb 1936-1970 j&d 4s Munlc & Sch '85-'63. J&j 3 Ha 1934-1933 J&d 3 Ha 1934-1935 J&d 3 ha 3 h* 100 4.2* to 4.25 3 h* 1930-1939 6 3.00 6 1.00 6 2.00 to 3.10 to 3.10 % to 1% to 2.40 % to .50 % to 1% to 2.50 % to 2.75 % to .50 % tol% 6 2.90 to 2.80 6 1.00 to 6 2.00 tol% % 6 2.90 to 6 2.90 to .28 % .28 to .28 6 2.00 to 6 2.90 to .28 % .28 % 6 2.25 to 2.50 % 6 2.50 6 2.00 to 3 -70 % % to 3.50 6 1.00 6 1.50 % to 2.25 % to 3.25 % to 3% to 1.50 % to 3.30 % &T.50 to 3~.§5 %' to 1*25 % to 3% 6 1.00 6 2.50 6 1.00 J&d 6'f.OO" 1 nn 1 .l/U to 3.50 % to 3.50 % Allegany Co 4Ha*35-*30-m&s 6 1.00 to 1.50 % Nominal, 0.50 to 5.75 6 4.50 4.25 to 4.25 to 4% to 5.75 to 6% 6% 6% 4.75 to to to to 4.25 to 4.60 W4.60 to 4% r Leas 1. 6 4.50 % to 4.30 to 4 30 to 4.25 to 4.25 to 4.25 to 3.60 6 3 80 lamest n 4s Mar 20 1943 A&O 6 4 00 to 3.60 . 4Mb 1935-1940 A&015 6 4 00 Jamestown S D 5» 34-'39_J&D 6 4.00 Johnstown 4Hs Dec 1934-*37- 6 4.10 JKlnga Co 4s May 1 '35-'44 b 4.50 35-'80—A&O Lackawanna 4 Ma'34-'64 M&N Lockport 4Mb 1934-1944 4Mb 1943-1949 4 Ha Sch 1934-1944 4.40s 1943-1949 M&S g 5a 1935-1942.-. M&S LopffBeach <5 Ma *35 '0O-M&N 6 . Ha 1934 6Ha 1935-1940 5H» 1941-1960 J&D J&D J&D Mamaroneck(T)4Ma'34-04J&J 6 4.00 8.90a to 4.75 to 3.80 to 3.80 to 3 80 to 3.80 to 4.25 to 3.75 50 60 6 4.50 to 4.25 b 4.50 to 4.25 6 4 50 6 4 50 to 4.25 6 4.60 60 to to 4 25 65 60 60 6 6.50 4.25 65 60 Mamaroneck Un F 8 D No 1— 634a May l *35'52 M&N 6 6.50 65 65 to 5.75 to 5.75 1935-1936 J&J b 6.50 to 5.75 I-90a 1937-1939 J&J b 6.50 to 5.75 b 6.50 to 5.75 J-90a 1940-1904 J&J Mlddleport 4.35a *34-'42_J&D b 5.00 4.35s Sewer '34-*39 J&D 6 5.00 Mineola (V) 4.40s 1934-68 J&J b 4.50 Monroe Co 4s 1935-44—F&A b 4.40 3.90CoBldg*35 *60—F&A 6 4 40 M* Vernon 4Ha '35 -43—A&O 6 5.25 5Hs 1935-1941 A&O 6 5.25 4Mb School 1902-73—M&N 6 5.25 4a .50 % 6 2.90 78 n to to 4.25 6 3 80 __ sha 1940-1971 J&d 6 2.50 Alb Pt Dlst 4a *34-71—-f&a 6 3.0U 4a 1934-1972 m&n 6 3.00 f Flat price, to 4.25 4.50 4.50 4.25 6 4.50 6 5.00 to 3.10 % % to 4.35 4.50 *.50 to 3.75 1930-1937— M&S 4a 1938-1951 M&S (rvington 4.10a *34-(86..A&0 Uhaca—-4Ha Water 1942.J&J 4Hs 1940-1954 J&J 1 to 5.50 2.00 4.00 2.00 3.00 to 3.40 % to 3.85 % 3.85 to 375 % to 3.75 % to 4.30 to 3.10 % 6 3.20 J&j 6 3.20 la Canal Jan 1902 3.0ft 3.40 2.00 to 3.40 % J&J 6 4.50 J&J b 4.50 J&J 6 4.50 Kingston 3Ha to 3.10 d Now part of New York City, tol % 6 3.25 to 3.10 to 7% to 2.80 % ft 2.00 4a Palisades Park 5.50,% to 5.25 6 6 3.00 A&O A&O Canal Term 1942 J&j Canal Term Jan 1940—j&j g High Imp Mar 1951 M&s g High Imp Sept 195s m&s High Imp Mar 1960 M&s Canal Imp July 1960—j&J Canal Imp Jan 1901..-J&j Canal Imp Jnly 1961—j&J Hlghw Imp Mar '61—m&s Palisade Park 1961 M&s I to 6 5.50 6 4.15 to 3.20 % to to 5.50 to 5.50 6 5.50 6 4.15 to 3.20 6 3.30 to 4a Hlghw Imp Mar '62—m&s 6 3.20 4a Canal Imp Jan 1907 J&j 6 3.20 4a Hlghw Imp Mar '07—m&s 6 3.20 100 96 6 3.30 6 3.30 j&j m&s J&j m&s J&j ha Canal 1904 45 50 50 to 1.70 % to 2.50 % .50 % 3.30 % to 3.20 4ma Canal 1905 4ma Highway 1965 4Mb Barge Canal 1945 4 ma Bonus 1935 1939 4Mb Bonus 1940-1949 4.00 3.50 % Hnntington(T)4s *35-'52.J&J 6 4.00 Islip(T)4s 1935-35 M&S 6 4.50 44> Highway 1963 to to Regulating Dlst— 4Mb 1935-1905 4.70s 1935-1905 YORK. % F&A 6 3.25 Hempatead 4Mb 1934-05 M&S 6 4.75 Hempstead Un F 8 D No 1—I 0a 1935-1954 M&S 6 5.00 Hornell 4Ha 1934-1947—F&A 6 4.25 80 to 5.50 4.80 6 6.00 6 5.25 75 to 3.70 to 2 50 % to 3% Hempstead(T)4Ha'35 '59A&0 Hudson Rlv 4Mb 1934 90 to 4.80 4a 6 5.25 to 5.50 85 5s March 1935 to 4.80 4a 6 4.50 b 6.00 Oonaer- -M&s 6 1.50 5s Jan & Mar 11930-1945—— ft 2.75 5s Jan 1935 j&j ft .75 6 3.40 5s Jan & Mar 1940-1970 to 4.80 to 1935-1958 2.00 % to 3 70 % to 3.70 % M&S 6 2.00 M&S 6 2 60 M&S 4a 4a F&A 6 9% Somerset Co 4 Ms 1934-49 J&D 6 4.50 4Ha 1934-1952 J&J 6 4.50 South Jersey Port District 4Hs Marine Term 1934-73 74 6 Basis, NEW - — to 4.80 45 Perth Amboy 4Ha Apr 1944.. 4Kb Water 1935-64..M&S2 6 H* to 4.80 to 5.75 6 4.50 Grande Rio to 5.50 to 4.80 to 5.75 M&N 6 5.75 1944—M&N 4Mb Water 1939-70 J&J Passaic Go 4Mb 1935-1930 J&J 4MB 1937-1946. J&J 4 Ha 1934-1908 J&D Paterson 5Ha 1934 M&N 6Ha 1935-1959 M&N 4Hs Feb 1 1945 F&A 4Ha 1934-1967 A&O j&J 4Mb 1934 1950 6r6.00 to 5.75 % 6r6.00 to 5.75 J&D 6r6.00 to 5.75 M&S 6 5.75 to 5.__ 4 Ha Refunding 4Mb 1934-1908 Sea Tale City 5a 1942 4.80 6 6.00 6 6.00 1935-40 6Hs Gen Imp *34-'44..J&D 6 5.75 5Ha Gen Imp '45-'51--J&D 6 5.75 6a Imp 1935-1948 M&N 6 5.75 5a Water 1935 to to 3.80 to Greenburgh U S 8ch Dlat No 9 4.40s 1934 1965 J&D 6 6.50 Groton 0a Wat '35-'50—M&N 6 0.50 Harrison (T) 4Hs 1935 —F&A 6 6.50 4Ha 1930-1980 F&A 6 0.50 Haverstraw 4.12a '34-*37 M&S 6 5.00 100 6.00 to 3.90 to 4% 6 2.50 to 4.80 44a 5.25 to 6 3.00 6 4 25 A&O 6 3.00 4Mb 1930-1938 J&D'ft 4Mb 1939-1959 J&D 6 4a 1945-1953 M&S Essex Oa 4a 1934-1960.-. M&S 6 Franklin Co 4Ha '35 '40-M&S 6 Freeport 4.20 8er'34-45M&N 6 4.20 aewer 1940-196O-M&N 6 4Mb 1935-1951 M&N b 4.40s 1935-1950 M&N 6 Garden City 4 Ha 1934-52.J&J 6 Greenburgh (T)— 4a 1934-1951 J&J 6 4% to 4% 95 4% 4% to 3.90 Elmlra—4a 1935 M&S 4Mb Water 1934-*45-A&O 6 1.50 4Hs Apr 1 1936 L Erie Co 4Ma 1934-1936— J&D 100 95 to 6 3.00 to 3.80 4Mb 5.00 to 4.70 % 4Mb Ref 1953 opt 1933—J&J 44s Dec 10 1952 opt *22-j&D it Fund 1939 opt 1919 -M&8 Albuquerque 5a w w 1962j&D 4 Ha 1934-1950 j&J 6 to 5.75 to 6 4.25 3.00 3.00 East Cheater— to 95 4% 6 2.50 1935-1937 4a 1938-1940 4s 1947-1954 70 to 5.75 to 6 4.00 6 3.00 4s 7% to 6 4.25 6 4.25 Dutchess Co— .. 4.35'% to to to 3.40 % 4Ha 1930-1969. A&O 6 2 25 Corning 5Ms 1985 *00—M&w 6 2.00 Cortland Co 4Ha *34-'51.J&J 6 2.00 Delaware Co 4.20s'34-*52 A&O 6 2.00 4.35' 4.35 4% 4% 4% 4% 4% 4% 4% to to 3.40 6 1.00 ColumbiaCo4H8 1935 --A&O NEW MEXICO 0s Highway 1935-1940---j&j 5h« Highway 1935-1940.j&j to 2.50 4a June 15 1900 J&D 4s 1934-1958 J&J 4 Ha Water 1934-35—M&S 4Hs 1935-1964-M&N 4.50,% 4.50,% 4.50 % 4.50 % 4.50 % 4.50 % 4.50 % Net. to 2.50 '35 '30.F&A 6 1.50 6 1.00 4Mb Oct 1 1934-71 var. 8Ha Bridge 1935 F&A Brooklyn—d—3 Ha *35-*37J&J 8 Ha gold 1930 .J&J Buffalo 6Ha 1944 J&D 15 681935-1950 M&N 4HsJune 15 1904—J&D15 4 Ha 1934-1903 J&D 4Mb 1934-1938 J&J 4Hs 1938-1967 A&O 4.50,% 4.50,% 75 to Ask. Amsterdam 5a Wat 1934-37-- 6 1.00 4s 1934-1948. to 4.25 to 4.25 Bid. Blnghamton—4s % 100 98 6 4.35 6 4.35 Bonda. . 65 „ % 100 98 to 4.15 to *85 *58-A&O 4.15'% to 4.15 to Vlneland (Boro)— 4% 4% 4% 4% to to To or Net. to 4.15 % to 4.15 % M&c? 6 4 05 Ventnor City— 5 Ma Mun Bldg 85 85 Montclalr 4 Ha Sch 1941. A&O 6 4.10 Ask. 4H« Oct 15 l934-'52 ... 6 4.05 4Mb Road&Bdge'35-47 F&A 6 4.05 4Mb Park 1934-'36—J&D15 6 4.05 4Mb Park l930-'37—J&D15 6 4.05 4a Oct 1 1942-A&O 6 4.05 4a Park 1935-1937 M&N 6 4.05 Union Township Sch Dlst— 4H» 1934-1968 J&J 6 8% to 5.75 80 Sept 15 1937—M&S 15 6 4.50 March 16 1938-M&S 15 6 4 50 44b 1942 Monmouth Co— Mar 4Mb'37^44--M&S 6 4.25 44a Water 1943 A&O 6 4.60 4Ha 1935-1939 F&A 6 4.60 4Hs 1940-1960 F&A 6 4.60 4Mb 1935-1960— F&A 6 4.60 4a City HaU 1939 J&D 6 4 60 Union City 4 4a 34 *04—J&D 70 Union Co 4Hi 1037— M&S 6 4.50 Middlesex Co— 4 48 *34 te '44.J&J 6 4.20 1935-1902-—-—M&S 6 4.20 J&D 6 4.20 4Mb 1934-1909 44s 1934-1907--- J&D 6 4.20 1934-1948J&D4.20 Summit 4 Ha Sch 1941 —F&A 6 4 10 4Mb Imp & Sch 34- 38-J&D 6 4.10 4 Ma Imp & Sch ,39-'0O-J&D 6 4.10 Mercer Co— H" April 1941 5H« July 1 1937 0s IhI 5.25 4Mb Water 19 34 ...J&D15 6 5.50 to 5.35 4H» Water 1935-70-J&D16 6 5.50 to 5.35 4Mb Sch Impt '34-'62.J&D 6 5.75 to 5.50 5Hs 1934-1949— J&D 6 5.75 to 5.50 5Ha 1950-1970 J&D 6 5.75 to 5.50 45 50 Ladl—6a 1935-1947—-J&J 60 70 Lang Branch 5a 1948 M&N 60 70 4a June 1 1985 J&D Lyndhorst 6a 1934-1967 ..J&J 65 70 Maplewood (Township) 4a 1934-35 J&D15 6 4.70 to 4.10 4a 1936-67 J&D15 6 4.70 to 4.10 8 Bid. Bonds Yield Basis To or Net. 3ou Orange—4s 6 4.25 101 preceding the date of Issue. Yield Basis Yield Basis Bonda. BONDS possible for the closing day of the month are as near as Sewerage 1950-55—M&N 2 1931 J&j 6 5.25 ft 5.25 Nassau Co-—5s '34-'39—M&N ft 4.6O 5& JJ37 4Ha 1935 4Mb 1935-1944 4Mb 1934-1940 M&S 15 ft 4.60 4 Wat Imp 1942-02 4Mb Was to 4.20 to to to 6% 5% 5% to 4.40 to 4.40 M&S ft 4S0 to 4.40 to 4.40 J4J64-6° J&J ft 4.00 1935-1930——M&N 1937-1944 1945-1905 1935-1963 to 4.20 to 6% to 5% to 4.40 Imp 1934-41.J&J ft 4.00 New Rochelle 5a '35-*50 M&N 6 5 50 4Mb 4 Ms 4Ha 4Ma 4.75 to 4.25 A&O ft 4.60 A&O ft 4 60 3M.9i»449ifeo:::::::Mj&j I tio n.3,W1981 to to 4.75 ft 5 50 M&N ft 5 50 M&N ft 5 50 M&N ft 5 Jo to 4.40 to 4.40 to 4.40 % STATE 103 closing day of the month preceding the date of Issue. To or Bid. 102 % 104 105 ys New York OltF— 6s Oorp stk Jan26 35 6s Oorp stk Jan25'36 JAJ 25 JAJ 25 6s Corp stk Jan25'37 JAJ 25 4Mb June 1966 J&D 4 Hi 1963 -MAS 4Mb May 1957 --MAN 4Mb Nor 1967-------MAN 4Mb Oorp stock 1967--JAJ 4 Hi Oorp Btk 1971—JAD 16 4Mb Corp stk 1934-1935JAD 4M" Jan. 1 1977-,— --J&J 4Ms Sch A Var '34*39-JAD 4Mi I960 opt 1930—MAS 4M« I960— MAS 4M> Mar 1 1962 MAS 4Mb Mar 1 1964 MAS Ask. 6102 M 6102 M 6102 M 6102 % 100 6 4.00 6 2.50 -AAO MAN MAN MAN 4s Various 1956—----MAN 4s Various May 1957-MAN 4b Nov 1958 MAN 4s May 1959 MAN 4s 1935-1937 MAN 4s 1938-1967 MAN 8Mb g exempt 1941—MAN 8Hi exempt 1942 MAN 8Mb R T 1948-1960-. MAN to 4.25 100M to 4.25 100M 98 m 98 m 1977-4b Various 1936 4b Nov 1956 4.25 to 4.25 91 91 91 93 m 92m 93 m 93 91 to 6 4.15 to 6 4.10 to 6 4.15 to 6 4.15 to 6 4.10 to 8M« 1942-1946 -MAN 6 4.10 3s May 1 1935---—--MAN 6 3.75 \ Co % to to 3.70 3.90 to 5.75 to 5.50 3.50 % % % 5.50 % 4.25 % to 3.75 5.75 to to 4s 1936-1950—--—-- J&J 4.00 (T) Un Fr Sch Dial 6 5.75 No 1 4.60s 1944-1966.-.-3.75 Psughkeepsle 4Msl934-52JAD 4s School 1934-'59 MAS 6 3.75 to 3.75 % Pelham Port Chester— 6s _ ^ % 3.90 % 6.00 1937-1966 Authority— Arthur Kill Bridges— 4M» Ser A 1935 to'46MAS George Washington Bridge 4s Ser B 1936 to '50-JAD 4Mb Ser B 1939to'53MAN Bayonne Bridge— 4s Ser C 1938 to *53. JAJ3 Inland Terminal— to 5.75 4.15 JAD 1934 Port Jervls 4Ms % % 3 .50 % to 5.50 to 3.60 to to Port of N Y to 3.85 2.00 to f 3.50 IL00 6 2.50 to 3.85 b 2.50 to b 2.50 to b 2.50 to % 3.85 % 3.85 % 3.85 % to 4.25 to 4.15 __ 3.90 4.10 5.00 3.75 1938 to % 95 93 96 4.10 4Mb Ser E 1935to*60MAS 4.10 Putnam Co 4M» '35-*51-AAO 4b 1935-1954 KAA 6 4.00 June 3j5 4.30 4.30 1 4.25 4.25 4.25 4.25 4.70 4.70 4.70 4.15 4.15 4.15 4.15 4.15 4.15 4.15 4.15 White Plains— 4mb 1935-1959 (reg)-ma^ 5ms Sch 1935-1930—aao 3.90s 1935 1954 faa 6 4 50 Wolcott 4Ms by 15 *34-*42jaj 5.75 5.50 _ to 5% 5.00 aao aao 0 aao 6 5Ms Jau 1935-1961 ...aao 5s 1934-1961 aao 6 July 1 1934-02—aau Feb 35- 36 AAO Feb '37-*49 AAO Mar 1 •35-*66„.aao 6 to 4% to 3.90 4Mb 4Mb 4Mb 4mb 4mb 4mb to 3.75 6 6 6 6 0 Feb 1935 1936—aao feb 1967-1949—aao 1935 1958.FAA 6 4s 5s County— 1934-1938 6 3.75 4Mb IlighVay 1934-36 FA A 3.75 4Mb Highway 1937-68 FA A 4.00 1935-1951 -FAA 5s 1935-1936 FAA 6 3.25 3.50 6s 1937-1938 FAA FAA 4.00 to 3.65 6 3.90 to 3.65 ims 1935-1962 6 3.90 4Mb Pub Imp '34-'58__FAA 4Mb 1935-1969MAb 6 3.90 3.75 4b Imp Sch Ac '35 *47--JAJ Rockland Co—4el934-- MAS 6 3.50 to 3.65 1 mo 3.90 4Mb *35-'38 (reg>—FAA16 4Mb 1935-1946 MAS 6 3.90 Bockvllle Centre (V)— to 1934-1962.-----JA-l 6 4.25 Rome 5Hs 1935-1941-_.AaO 6 4.10 Rye(V)6s Mar 10 '85-"S8 Mfcb 6 5.75 Rye A Har'son Un Fr S D No 6 4.40s 1934-1953 —FAA 6 6.00 Baranac Lake 4.45s 35-'39FAa Bartioga Co 5s 1934-1941 — 4 1934-1955. _M&8 4b Sept 1 1945-1964 MAP Saratoga Springs— 4Mb Park 193540.—AA< Bcarsdale 4Mb 1934-45 —JAD to 6 aao 5s July 1961 MAS 6 to 3.50 Rochester 5s 6s 1939-1962 6s 1935 4.16s to 3.60 to 3.75 to 2.75 to 3.50 to 3.00 3.75 to 5.50 - 6 2.50 % % *50 4.00 3.75 3.90 4.00 % 1934-1948...----jad 6 2.50 to 3.85 % 2.00 4Mb 1934 -JAJ 4.16s 1935-1939 AAO 6~3.00 to3~.85 % 3.85 4.16s 1940-1960 AAO 4b Oct 16 1934-1944 -AAG16 6 2.00 to 3.80 % to 4.25 % to 4.25 % b 4.50 b 4.50 b 4.50 b 4.50 4s 1967-1968 3.85 to 3.90 - 4.50 4.50 4.50 4.50 4.50 b 4.50 1s1934-193q.-40 1941-1954 4% to 5.25 - b jaj b 6 b b 4b 1934-1935 to 3.75 - 4.30» CAROLINA 1934-1935-1Mb 1936-1939 1Mb 1940-1954 4Mb 1967-1968. to 3.65 - Schenectady— 6s Dec 15 1934-1941 NORTH to 3.00 to 3.90 to 4.25 32 32 32 32 32 32 33 33 33 34 to 4.25 to 4.25 to 4.25 to 4.25 to Aabeville— jaj 1935-1957 .jaj Street 1935-30—faa 1935-1969 map 1934-1965 man 1935-1902..aao 6s 1935-1969 f 5ms / 5 Ms / 5 Ms / 4mb / 4mB / duncombeOo 6b,34-,40-.jal / 4m& Funding 1939—map / 0s Bridge 1935-37 AAO / Charlotte 5ms '34-*48—man 6 4me 1935 1970 man 6 4m" 193b man 6 4m« 1930-1941 man 6 4mb 1942-1940 -.man 6 34 34 34 34 34 36 36 36 4.75 to 4.50 4.75 to 4.50 4.75 4.75 to 4.50 to 4.50 4.75 to 4.50 6 4.75 to 4.50 4mb 1950-1979 man 6 4.75 Durham 4Mb 1934-1940-.jaj 6 4.75 to 4.5u to 4.60 4mb 1947-1955.-_--.man to 4.60 to 4.60 Durham 4mb 4mb 4mb 4mb 6 Basis. after Jan. 1 County— 1934 1935-1937 1938-1939 1940-1951 jad 98 jad 6 5.75 jad 6 5.75 jad 6 5.75 6 man 95 95 Raleigh 5s Muni 4.45 to to 6.00 to 6.00 6 6.25 to 6.00 _ja Bldg '39jaj 6 7.00 to 6.25 6 7.00 to 6.25 Impt June 1 1944 jal '4mb 1934-1907aao Randolph Co 4 Ms *35-'47.faa 1948-1959 4mb 4.65 6 6.25 mai: 6 6.25 4 Ms 1943-1947 5b Fund June 19ft9__ faa 6 7.00 to 6 7.50 to 7% 6 7.50 to 6.25 7% / 72 78 65 70 65 70 man 5s Kef a Impt 1955 5.15 aai 4ms 1934-1902 _aac 6 5.15 4 ms g Wat a sew *48. 5.15 a. at 4 ms Pub Imp 1935-1960j aj 6 5.15 . Winston-Salem— 5« 1934 1936 5s Sept 1934-1947— ja' .mat 1935-1958—man1 4Ms July 1 1942 ja 4 ms July 1 1952 ja. 4 ms 1934 1973 -j a 4mb —— . 30 5.00 to to 5.00 5.00 to to 5.00 4.75 to 4 65 6 4.75 to 4 65 6 4.75 to 4 6 4.75 to 4.65 6 4.75 to 4 6 4.75 to 4.65 6 north 65 65 dakota 5s Farm Loan 1935, 1940.194 and 1950— ja 5Ms 1945 a 1948 ser o —_ja 4 Ms July 1951 a *55 jai 4 m» 100 101 105 6 5 to Jan 1957 ja.) 6 5 to Grand Forks 68—May *35 '3 6 5.00 i ohio 107 4.75% 4.75% to 4.75 % (see footnote •) ♦Akron 6s 1934-1940——AAO '5s Water 1934 1953—AAO 83 93 83 83 93 83 93 -AAO 83 93 A *0 MAS 83 93 83 93 ActU 83 93 AAO AAO AAO 83 93 83 83 93 83 80 93 80 88 MA& MAS -MAS 80 80 88 88 98 100 *5 Ms Fuod 1934-37—JAD *08 Water 1944-1959 AAO 98 98 loo 100 98 100 ♦5Ms 1935 1937 ♦6 Ms 193S-1951 •4Mb 1934-1947 JA. JA •4M» 193d-195ft •4MB 1935-1940 •4MB 1934 1939•4^B 1940-1952 4MB 1934-1937 4Mb 1938-1956 4s Water Works 1942—AaO ♦Allen Co 5 Ms 1935 '50. aao Asnland *5 Ms 1934-44-AAO «5s Sewer 1953 1935 37 ♦5s Sewer Canton—*5s Sew 1953 •Canton S D 6s 1954—AAO 1950 Cincinnati—*5 Ms •4.40s 93 88 1T00 98 ... 1941-MAS 6 *5M8 Imp Feu '40. *61 FAA 6 •6s July 1 1905 JAJ 6 •4M» July 1943 JAJ 6 •4MB Sewer 1965 AA< 6 •4Ms Sew Sept 3 '37.MA83, 6 100 3.50 3.50 3.50 3.25 3.25 to to 3.25 3.25 to 3.50 to 4.50 to 3 3.50 to 3 MASI&3.50 3.65a g Feb 1937 FAA 6 3.50 3M» Water'46 cp'25—FAA 6 3.50 4s 93 98 •4Mb Dec 5 1939-42—-JAD 1934-1956 25 25 to 3 25 3 25 to to 3 25 1939 op '19.FAA 6 3.50 to 3 25 Olnc 8 D4Ms 1934-1952-MAS 6 3.50 4s 1930 opt 1900 MAS 6 3.50 to 3.25 3M» 1940 opt 1912—AAO 6 3.50 Cleveland ♦SMs 1940-70-JAD 92 *5Ms Pub Hall 1970—JAD 92 •68 W W 1930-1968—-JAI) 92 ♦5s 1934-1936 AAO 92 •5s 1930-1940 AAO 92 •4MB Grad Oros '34-*54 AAO 92 •4Ma Paving 1934 34—JAB 92 •4Ms March 1949 MA,92 •4Ms Fire Dep *35 '55. AAu 92 IMs Clark Av Bag '42-AAO 92 4Ms Park 1938— AAO 92 •4 Ms 1934-1935 MAS 92 •4Ms 1936-1950 -.MAS 92 •4s 1934-1955 AAO 92 3Mb 1934-1956 AAO 92 to 3s Water to 3.25 3 .25 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 Cleveland 8 D— •4Mb Jan 181935 *0s 1934 to 1936 JAD Cleveland HelgbtB 8 D— ♦lis 1934-1959.-AAO Oolumbub *08 1949-57 MA8 6 *4M» 1935-1935 —MAS ♦4M» 193U-1938 MAS *4 Ms 1934*1953 4M« 1935 1955 s-a FAA 4s Wat W *45 opt '20—MAfc Columbus 8 D— 83 ♦6s 1930-1939 1934-1935 1930-1944 94 83 94 93 100 4.30 to 4.00 4.00 4.00 6 4.30 to 6 4.30 to 6 4.30 to 4.00 6 4.30 to 6 4.30 to 4.00 'OB 1943-1962 JAD1W 6d4.30 90 Cuyahoga Co •Os *34-'39-AAO to 4.00 4% 96 AAO 90 96 AAO 90 96 AAO 90 96 AAO 4Mb Road 1934-1934-AAO 4M« Road 1935-1936. AAO 4Mb Road 1937-1938. AAO 4M« Road 1939-1941.AAO 90 96 AAO •4Mb •4MB 4M 1934-1943- 4b 1934-1941— 90 96 90 96 90 96 90 96 90 96 100 to 5 25 to 5.25 to 5.25 /Flat price, n Nominal. * Subject to taxation; by an amendment to the 1913 by municipalities in that Stateiare subject to taxation, d Less1. i % 4.25 % % 4.25 % to to 4.25 4Mb 1942 to 1906 6 4.75 5s Water 1935 to 1945-jaj 6 4.75 — 75 90 3.85 % to 3.90 6s Feb 1 1940-1952 4% 92 75 90 man 08 Ref Nov 1950 Pitt Co 5s 1935-'30 % % 3.75 6b Feb 1 1937-1939 4.10 75 65 aa( Lincoln Co 6s 1943 a '48-jaj 5« Bridge 1937-1951—faa % jaj 6b Feb 1 1935-1936 Holland Tunnel— . 2.00 % % Yonkers— 96 92 4M« Ser D 1936to'60MAS Rensselaer to 3.85 1934-^4 jad 4mb San Sew 35-'82--jaj 4Mb Parkway 1962-80.JAD 4mb Co Bldg 1935-44 -aao 4mb *44, *45. 56 a *09 jad 4s Co Bldg 1935-59—Ms4a 1934 to 1936 faa 4s June 1 1959-1964---JAD 3mb 1934 —-jad 3Ms 1935-1939 jad 3Ms 1940-1951 jad 3ms 1952-1980 —jad 3Ms 1934 jad 3m» 1935-1945— jad 3mb 1946-1951 jad 3 Ms 1952-1963 jad 6s to 3.50 % 4.50 to 3.85 2.00 Westchester County— 5s 1939-70 —_jad % % 5.40 % 3 75 % 3.75 % to Oiwego—6Ms 1935-46--MAN Oyster Bay Wat Dlst— to 3.85 2.00 jaj 6 2.o0 -jaj 6 2.50 man 1934-1945 5s 3.75 4b 2.00 Oct 1934-1942 Watertown 4ms 1942 4ms 1934-1953— 4.00 35*'61—MAN Ossining 4Mb 1935-42.--MAS 4Mb Water 1935 1969.AAO Ontario 5.50 ms highway 1935-*53-faa 4mb 5.75 aa( 0s 1934 1941 5.50 Warsaw Union Fr 8 d No 10— 4.00 '42-faa 5% 65 65 " to 3.85 to 5.40 ----J&J Oneida—4s Water 40- 45-JAJ 4Ms Water 1935-39 JAJ Onondaga Co-4Ms "34-47AAO 3.70s 1935-1951 -AAO l Rutherford Co 5s '34 '52—jaj to 3.85 to 5.40 4MB 1947-72 3.30 3.40 to 3.85 5 North Tarry town—- 1946-64—-AAO 3.30 b 2.50 4s May 5.75 Aug 5b 3% b 2.50 to 4.05 5.75 fta 5.50 4.25 to 3.50 AAO 75 Transylvania CountyRoad & Bridge 6s 1949-50- / 20 Wlimiugtou— to 3.50 to 4.25 Co 4m» 1935 1939 4 m» 194u-1950 5.50 3.95 6 4.50 75 75 to 6.25 % 5.50 60 60 65 65 jA.f jaj jaj to 3.90 6 4.00 4mb 1934-1957 man High Point 4m" 1935*48 .ja. 5s Wat Serv 1934 1909 jad Salisbury 0a Impt '34-*35_jaj — 4% 4% i 3.90'% 4% 4% 6 4.20 NlagFallsSD-4 Msl934—FAA 4 M» 1935-1960FA A No Hempstead S D No 7— 4MB 1934-1942-..., J&l» 3.40 3ms May 15 1935 man b 2.50 3Ms May 15 36 51--man Warren Co 4 ma 19*5 '50-faa 93 91 6 4.15 6 7.00 8Mb Water 1934-1950-jaj Troy 6s 1934-1940 reg._aao 4 ms 1935 1950 aao 4Mb Feb 16 1935-1957— 4 ms 1934-1970 jad 4mb 1934-1965 ja3 Mb Water 1934-36 jaj Utica—4mb 1935 man 4Mb Pub Imp 34- 45-jajlf 4.20b 1935 1937 FAA 4.20s 19.<8-1949 FAA 4.15s 1935 1950. man 4.10s 1935 1940—— aa< 3.90s 1935 1948 FAA % 97 h 6 3.50 to 2.50 6 4.50 to 4.25 92 m *58—faa 4.50 98 m 90 3.40 Ticouderoga 8 d No 5— 4Mb July 1954-'58 jaj Tonawanda (City of) 4m 98 m 98 m 90 % % 3% to Jreenvllle 5s w w Guilford County— % 80 75 Mecklenburg co— ------ jaj15 5 1.75 jaj15 jaj15 jaj15 1935-1942 1?M—MAN 1934-45 jaj15 jaj15 jaj15 to 4Mb Sewer 1934-1963 6s Water 1934-1950 8Mb g Water ex 64--MAN 8Mb exempt 1955 MAN 8Mb stock Apr 1 1954-AAO 4M> Water 4Mb Water to 3.50 97 1962—MAN exempt 1953.-MAN Niag Falls—6 M ?'41" 48 MAN 4.15s Sewer 1965-70--MAN 4.10% 8ewer 1936-50--JA. 4Mb Wat Mayl'41-*48 MAN 4Mb Sew *39-'46 reg__MAN 3.96 Nsv 1 1961-1970.MAN to 3.50 97 8Mb g exempt 3.60 to 1.75 to 3.5u to I75 to 3.60 1.75 96 90 3.60 % 1.75 96 97 m 97 % 6 4.50 3% to to 3.90 . Iredell to faa 1934-1946 6 4.00 6 4.50 % to 3.50 35-*45-aao 3 Ms 1934-1936 3 Ms 1937-1940 3ms 1941-1951 3s 1934-1930— 3s 1937-1940 3s 1941-1951 3b 1952-1971 100 M 3.75 to 3.7 5 90 4a June 16 1934-'44—jadli> 4s to 4.25 97 m 97 m 1 1980- 2% 100 M 100 X 100 4s May 8Mb g exempt to 6 4.50 4MsNoyl5'34-'68-MAN16 4Mb N16 1978—MAN16 8Mb g 100 M 100 M 100 M 100 4.10 Syracuse 4Mb 1934- 3ft Varlom 6 "2.00 6 2.00 5s May 15 1935-1938 8mb 1934-1960 mas 6 2.50 4Mb June 16 19i4__jad16 1.75 4mb 1934-1944 man 2.00 4.20s Dec 15 1934-71 jad 15 % 99 m 100 4M« April 1936 --AAO 100 4Mb April 1 1966-—--AAO 100 4Mb Apr 16 1972—AA016 100 4Mb Rap Tr A Wat *74 JAD 6 4.50 4Mb Feb 15 1935-66 FAA I 7 6 4.50 4Mb Feb 15 *41-1966_FAA15 100 4Ms Feb 15 1976-. F&A1. 4s Oct to 3.00 98 m 100 5.25 Net. to 4.50 Granville 4.00 Steuben Co 4 Ms 35-'37—fa \ Suffolk Co 4Mb 1934-57-aao 6 2.50 3m 1934-1961 faa 6 2.00 Ask. Greensboro 4.75 Solvay 4Mb 1934-40 faa Somers (t) 4Mb '34-*53-man Southampton 5s '36-'43-man 5s 1944-71 man Sullivan Co 4Mb Forsyth 4.00 4% to Bid. Co 4Mb *34-*58_jad 6 4.75 Co 4Mb "39—man f 70 5a 1942 w—faa 70 70 4mb 1935 1903— ja. 70 4mb 1935 1905 fa/ 4a Water Works 1954 ja. 70 3.90 ----- & 3.50 5s Dec 15 1944-1948 To or Bonds Net. Ask. Bid. donds Jchenec. Co 4Mb *42-*58—jaj 5s Dec 15 1934-1943 105m 103 m 103 h 103 m 103 x 103 m 103 m 103 m 100 M 6102M 6102 % To or Net. 102 % 104 m 6102 H Yield Basis Yield Basis Yield Basis Bonds BONDS MUNICIPAL AND Quotations for all securities are as near as possible for the Cormt.itnt.inn oonstlCutl°n nf r>hin t iqiq hn„Hn Dhio, adopted Sept. 3 1912, bonds isued municipal and state June, 1934.] 103 bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue. \ tela busts Yield basts To or Bonds. Bid. Ask. Net Dayton— Ask. — A&l 1940. J&J Bast 4.75 to 4.50 M&N -A&O -MAN 4.60 to 4.40 4kb 4kb 4.75 6 4.75 to 4.50 4s to 4.50 4a Jan 4a Oct 1 1954 4a July 1950 5s Harb Dev 4Kb Dock 1943 4.80 to 4.40 4Kb Oct 1934-47 4Kb 1935-1960 4s Water 1937 4.80 to 4.40 4.80 to 4.40 4s Water 5.00 to 4.50 4s Water 70 4.10 to 4.10 to 1939-1958—-J&J 1940-1959---F&A 4.10 to 4.10 to 4% 4% 4% 4% 4b 25 1955. J&J Pt of Coos Bay Harbor 5s..l. 85 M&S 85 85 95 •5s 7.00 65" 60 pennsylvania 4Kb •4Kb Sewer Oct. 1 1934-'47 6s 3.90 to 3.50 4s C H June'30 op it). J&L 6s 3.90 to 3.50 70 80 Ironton MH»WW '30—J&D 85 88 Lakewood 4Kb 34'39A&0 A&O 85 85 70 80 91 96 4Kb 1934-1940...J&D2 •4 K s W &SSeplO'34-35M & 8l( 91 96 91 96 5b 1934 1935 J&D 91 Mahoning Val. San. Dist— 80 4Kb water 1934-52 A&O 100 Marietta—*4 Kb 1934... J&D Martin's Fy •5b'34- 44..M&8 90 Miami Oonservancy Dist— 6Ka (1 to 5 yr mat'y)—J&D b 4.40 6Ks (5 to 10 yr mat'y).J&D 6 4.40 5Kb (after 10 years) J&D 6 4.40 Montgomery County— 88 •6& F1 Emerg '34-'42—J&D lOO" 94 to 4.50 % 4.75 4.75 J&J -J&J 6 3.50 4a Refund 1952 opt to 3.40 6 3.50 to 3.40 99 4Kb ctfs iudebt r39-'63-.J&D 6 5.00 Aiken Co 4Ks 1937-1945 F&A 6 3.50 to 3.40 Anderson Co— to 3.40 4Kb Highway 1935-37.F&A 6 5.00 4Kb Highway 1938-43-F&A 6 5.00 90 Charleston—4Kb Jan '62.J&J 4a Refg '38 90 (tex-exem)_J&J 1042 Bridure 1935-1958 —A&O 6 4.50 35. '40, '35 D5K» s to 4.40 to 4.40 to 4.40 —J&D 6 3.60 to 3.50 6 4.10 6 4.10 to 50 - 1935 Nov 1 *34-'45 Chester 4s*37 op'17 tax-ex J&j 4Kb 1935-1940. J&J Jhester 8 D 4Ks 1937-*42 tJrle—4Kb 8ch 1935-39-a&< 4Kb 1934-1960. F&A SOUTH CAROLINA to 4.40 to % 4% 4% 4.75 to 4.75 to 4.75 93 93 60 70 to 3.90 to 3.90 to 3.90 6 4.25 to 4.10 6 4.25 to 4.10 Greater Greenville Sewer Dial 4Kb 1967 Kershaw Co— 6r 4.50 to 4.10 Harrlsburg— to 4.10 5a M&N Highway 1935-1940. F&A 4s Pub Imp '35 to '30-M&S 15 1935 1953 1935-1942 F&A feanette 4Kb 1934-1956.M&S ijackawanna Oo 4a 1944.F&A Lancaster Co 4Kb & 4K» 6 3.20 4b May 6 3.20 to 3.10 % 4a 6 3.20 to 3.10!% 6 4.25 to 4.15 6 3-60 6 3.10 to 6 3.10 to % I 3% 6 3.00 to 2.90 % 6 4.05 to 4% 6 4.00 to 3.90 6 3.20 to 3.10 0 6 4.00 to 3.95 % 6 4.00 85 to 4.75 to 4.50 to 4.80 to 4.75 to 4.75 6 5 00 4.75 to 90 Lancaster 8 D—6» 1941—J&J 6 5.00 0s July 1940 J&J 6 5.00 to 3.85 s D 4s May 1945. LowerMerionTwp4a 4Ks,4K" vfcK'p't S D 4Ks ,35-'43M&N Mercer Oo 5 Ha '34-"47._F&A ^orristown 8 D4Kb 1943-J&J Philadelphia 4b 1937 J&J 94 101 103 6 4.00 to 4.10 94 101 to 102 6 4.00 4Kb 1935 1937 A&O 6 4.25 6 4.25 4Kb Jan I 1930-1940 Fayette Co 4s road 1930.A&O 6 3.95 94 Charleston Co 6s 1937—.J&J Cheraw 5s '52 opt *32..July 1 Clarendon Oo— 100 6s May 15 '30-'4O—M&N16 80 Columbia 5s Ref 1941—M&b 6 4.85 4Kb Water 1945 J&J 6 4.75 Greenville—5s 8t 1942.—J&J 6 5.00 5b Water 1958opt '3S-F&A 6 4.85 Greenville Co 4Kb 40-'55-J&J 6 4.85 4Kb Hlghw 1935 1945-F&A 6 4.85 to 4.10 95 Summit Co— 1932—J&J 6 4.20 6 4.00 6r 4.50 to 4.10 88 75 4.75 to 3.40 to 4.10 88 4.75 to 3.40 F&A 6 4.25 88 4.75 4.75 4.75 4.75 to 3.40 -Crle s D 4s 1934-1938 6r4.50 to 4.10 6r 4.50 to 4.10 3.30 4% J75 to 3.40 95 M&S 6r4.50 to 4.10 ipringf'd 8 D *5h *34-'39.J&J2 6r 4.50 to 4.10 Steubenvilie *5s 1936 M&S 6 s 5.00 to 4.50 3.25 3.25 to 4.75 6 3.50 - 1935-1955 •5b Road Imp "34 "J5 A&O •4Kb Oct. 1 1934-'37._ ♦4 K 1934-1940.i A&O Toledo *5s W W *37-'44.F&A 1934-1950 6 3.50 lambria Co 4Kb 94 4a 3.25 AdcC 4a to 4.25 88 3.25 j&d a&o j&d 6 1.75 to 3.40 •45. to 4.25 A&O 3.25 6 3.50 -traddock 4Kb '34-"44—M&N to 4.25 5s ref 1930-1941 .... to 3.40 -iethlehem 94 Springfield *5s 1934 4Kb 1934-1935.. M&8 4 4b St Impt 1935 39..M&S •4Kb 1935-1949—....M&S to 2.80 6 3.50 6 3.50 Altoona s D 4s 88 ...j&j M&n 2 M&n May 1902 6 3.50 4s 96 A&O 3.25 A&O A&O A&O is 85 6s ref 1935 Newark *4Ksl935 41...A&c 6 5.00 88 Portsmouth—0s '35-'30—J&J Portsmouth City S D— 88 4Kb 1934-1950 J&J to 2.80 6 2.90 2.00 3.10 a&o M&S 63.50 AUoona—4b *34 opt *14—J&J 6 4.50 4s Ref 1936 opt 1910--.J&J 6 4.50 4b Highway '37 opt '32.J&J 6 4.50 80 Lucas Co 4s O-H 1944—_M&8 to 2.80 6 2.90 to 3.25 j&j 1945 4Kb July 1934-1958 4Kb 1940-1959 88 70 •4Kb Oct 1945. to 2.80 6 2.90 to 2.50 1 4K« 1935 1937 4Kb 1938-1940— 4Kb 1941-1962— 1934-1» >6 88 •6b Park & Imp '34*41 _A&0 Lima *5 Kb Sewer 1934-1947. •5s Sewer Feb 16 35 51—- 125 1 1951 8er*e» Her 1 1061 oth-30-J&C 6 2.90 4Kb 1939. 1944. 1949 J&J 4b Highway 1P37. 1940. *42."46. 47 50.*52 la Highway 1941. *43.'40. 41. '51, '53 M&8 Allegheny—4s 1937 .M&N Aileghenv Co 4K» '43—M&N Franklin County— •6kb Hos&Bgt 1935--F&A br 4.60 to 4.50 Hamilton Co *4K« 1W43.F&A 6s 3.90 to 3.50 •4Kb Oct 1 1939... A&O 6s 3.90 to 3.50 Ask. Woonsocket 4k« Fd '41.j&d 6b Fund 193/).... M&n 0a Fund 1930-1901—m&n 4kb 1934-1967 j&d 4Kb Funding 1944 M&n 4ks 1934 1967 j&d 4Kb June 1934-1957—j&d 5b 1934-1936 m&n 5b 1937-1942 m&n 5b Funded 1935 1959..a&o 4b Funding 1947 _..a&0 5s July 6% to 1936 Water 1902 4* Oct 1 1904 95 W W 1934-1940 J&J Fostoria *58 W W 35-'40 M&S •4KB 1934 1952 1 J 4a 4s 93 95 Liverpool—4s Blyria 4s 1934 oo 1938—J&D j&d & 1.00 j&d & 2.75 1934-1937 1938-1959l Water Jan 4b May 2 1957 80 85 54&N Water 1936-1955—M&N Pt of Astoria 6s Refg 5.00 to 4.50 Bast Cleveland— Impt 1935 1934-50.M&N 4.80 to 4.40 4.80 to 4.40 4s Bid. Bonds. Providence— 4.80 to 4.40 4.80 to 4.40 ot Net. Portland— W W Imp 1944.J&D •5s W W Imp 1945 .F&A •4Kb Bdge 1934-1951.M&8 •4Kb W W luip 1940—J&L •4Kb Bdge 1934-39—A&O •4Kb 1934-1940 M&8 4KB 1941 IU01 M&S Dayton 8 D 6Ks *41-'61 M&S •5b Mar 10 '35 40—M&8P •6b 8t Yield Basis To or Bid. Bonda. 95 4.90 to to 5.50 to 5.50 to 3.95 % ^ancaater to 3.10 % % 3.75,% to 3 84 91 1934 1942—.M&8 84 91 J & I) 16 84 91 .M&S 84 91 5s Jan 1951 J&. M&S 84 91 4Kb May 1948 84 91 4K« Nov 1 1948 J&J 6 4.00 J&J 6 4.00 to 3.95 4Kb 1935 1954 ...M&S15 •4K« W»t 1934J&J •4Kb 1935 1953.. m&s 4Kb Bdg 1934 & *3*. F&A 4kb Nov 1 1934-'53 4b Park July 1 1942—-J&J to 3.95 84 4Kb 6 4.00 to 3.95 91 4Kb Dec 17 1978 6 4.00 to 3.95 J&J 6 4.00 J&J 6 4.00 to 3.v>5 M&S 6 5.00 95 95 Hpartanburg 4K» 1935—A&O 4Kb Water 1s35 1939—J&J 6 4.85 4Kb Water 1940-1905-j&j 6 4.85 5« Sept 1 1939 98 5s Nov 1 1943 98 SpartanhV Go 4Kb "37-47M&S 95 4Kb 1935 1950 95 M&N 4umter <jo 5s 35-'52 ...J&J 6 5.00 VTork Oo 4Kb 1935-50 ...J&j 6 5.00 to 4.90 100 98 to 4.75 4.75 to 99 99 98 % 84 Co— 4K» 1935-1941. Rock Hill 5b 1951 opt '31-j&j I 91 Marlon •5s Sent 6sl934 •0s Pub Wharf *5s Sewer I960 1949 — — — ..... 84 91 84 91 4s July 4s July 1939 1942 J&J - to 3.95 | % 84 91 4s Jan —.J&J 6 4.00 to 3.95 4s Feb 10 1955 J&J 6 4.00 to 3.95 84 91 4s Nov 1 1960 J&J 6 4.00 to 3.95 % 84 91 6 4.00 to 3.95 M&N ♦4KB 1934-1950 4kB 1935 1950 1934 1900 84 91 Toungetowu— •0s Bdge 1934-41 A&O •4Kb 1935 1957 A&O Youngstowu School Dist— •4Kb 1944-1947. M&8 •5s 1934-1944 •anesvllle—#5s . A&O A&O Toledo Sch Dist— •0s 1956 M&8 City Market 1934-1939 & M&S 1940 4s July 26 1972-...—„J& 85 95 85 95 _J&J 4KB '34-'43 J&J 4Kb 1941-1959. M&N 4Kb Apr 15 1939 58.A&O 15 85 95 4a 85 95 3Kb July 1 1934 ^hila 8 D 4b 1934 1942 Hall ■anesvllle 8 D *5s "34-'43A&0 1 4.75 to 4.50 4.75 to 4.50 Pittsburgh—4Kb '34-'50 J&D 4Kb 1935-1937 M&S 4Kb 1938-1940. M&S 4s 1935 to 1939 -J&J 4Kb '35 *38 taxable..M&N % 1930—m&s 6 4.75 to , 5Kb 1934-1940. j&d 4.20 to 4.10 m&b 3.50 to 4Kb Sewer 1936 f&A 4Kb Water Works 1941 .j&j Okmulgee 5s Mar 15 1943 3.50 to 4.20 to 4.10 6.00 to 5.75 5.50 to 5.25 5 50 to 5.25 5.50 to 5.25 6s Water 1936 3% 3% Tulsa— 5Ks July 1940 f&a 5 Kb Wat & Park '35-'49 f&a 6Ks 1935 1939 f&A 1935-1947 ..f&a 0s Feb 1 1935-1939— 5s 5.50 to 5.25 5.50 to 5.25 4s 4s Scranton 4Kb 6 4.00 to 3.95 % to 3.95 % 6 3.60 to 3.40 % 6 1 50 to to 4b 4Kb Highway '35-44— a&o 4Kb 1935-1944 s-a) A&O 4Kb h'way 1935 (s-a) A&O 4Kb h'way 30- 49 (s-a;.a&o 4s Highway 1934-42 A&O 4b Highway 1935-41 a&o to 3 00 to 3.90 to 3.25 6 2.00 to 3.30 3.50 18 18 to 3.25 3.75 to 3.75 2% 1936 1.75 Dec 1 1937 2.00 2.50 3.25 3.40 6 3.60 to 6 3.60 to 3.50 % 6 3.90 to 3.80 6 3.90 M&S 6 3.90 A&O 6 3.90 to 3.80 J&J 6 3.90 to 3.80 3.50 % J&J 6 3.60 4Kb Imp ser 1 '34-'38-A&0 6 3.60 4Kb 1935-1940 J&J 6 3.60 4Kb Impt 1940-1945—J&J 6 3.60 York 4Kb 1934-1943 F&A 6 3.00 1905 m&s J&d 6 3.25 to 5.25 to 4 4Kb 1949-1956 ..F&A 4s Bridge 1945 1966...j&i) 5b Road 1935-1939 M&n 4.50 4.50 to 4 40 4.50 to 4.40 65 99 100 100 102 highway 1939 bridge 1945 Jarter County— 5s funding Jan 1 1959-J&. Hoapltal 1954 to 4.40 to 4.40 to 4.40 to 4.25 to 4.25 to 4.40 to 4.25 65 5k» Road.. 65 lhattanooga— 4Kb School 1956 A&O 6 5.50 4Kb Memorial Aud '52M&N 6 5.50 M&S 6 5.50 4Kb Road July 15 '47..J&J Jumberiand Oe 5b 1950—J&J % 68 68 to to to 85 5% 5% 5% 90 90 4Kb Highway 1947 J&J 6 3.75 5% Oo Memorial "34-'50J&J 6 4.00 Dyer Oo 4Kb Apr 1 1955 57 Fayette County— to 3.50 to 3.50 to 3.50 to 3.50 4kb Road 1958 to 2.90 4.60 to 4.40 Newport—4ks 4.50 to 4.40 5Ks June 1 2.90 lohnston 4Kb 1935-1940 M&n nt Prov'ce 4b June 15 '47. J&d No 1— 65 60 locke County— to 3.80 rhode island 4.50 l> 65 J&J 95 to 3.50 to 3.75 60 85 5% 5.50 4Ks July 15 '34-'39—j&jk 4b July 15 '40-'45 j&jl/ 65 60 60 90 llles County— m&s to 4 40 60 Davidson County— 1936 la Oharlt Inst 40 6m 6.00 to 6% J&D 6 4.60 J&J 6 4.60 refdg July 29 1955-J&J 6 4.50 July 1 1945 J&J 6 4.60 highway 1939 J&J 6 4.50 is refdg July 29 1965 J&J 6 4.50 Ss Memorial Aud'm 1901 J&.1 6 4.50 5s 8D— 4Kb Bridge 1934-1944.J&D Multnomah (Jo tt 4Kb 1Kb 4kb t K» (Kb to 3.80 22 99 6% 6m 6.00 to 6% 6m 6 00 to 6% 6m 6.00 to 6% TENNESSEE % % to 3.25 j&d 5 Kb 1934-1949 Eugene 5b 1942 Multnomah oo— 4K« fund 1935-47.-M&N 16 4Kb fd '36-'47 J&D Uauley Co 4Kb fd '43-'48 J&D Slsux Falls 8 D 5a 1936—A&t S Kb Dec 1 1940— J&D to 3.75 3.50 j&j Astoria 58 1953 3.90 3.90 6% 3 .30 % 6 1.50 WIlkea-Barre— OREGON to 3% 6 3.50 1.50 1935 1956 15 to 3.95 % 4.00 1.25 1935 1937 1930 1934-.-iy J&L 1935 40 J&Jl 5Kb Jan 15 1*43——J&J1U 1Kb Rural Credit 1939—J&j Jorson Co 5s fd 1935-47-M&N Jan to MAS 6m 6.00 to 6% M&8I1 6m 6.00 Perkins Co 6 1935 i Dec 1 1938. 4K% 1939-41 J&D 4K% 1942-53 J&D Reading 5s impt 1943-49.J&J Schuylkill Co4 K» 1934-1955 J&J Scranton 4Kb '34-'41—F&A 5s 1934-1950 F&A June 1 '34-*40—A&O 6u 6.00 fackson Oo— % to 3.95 % Dec 1 4.50 >» to 3.95 % 4K% 1934 Oklahoma City— Sept 1941--.. Mar 115 1935 to 3.95 Dec 1 Muskogee 5s Sew « 5b 6 4.00 Public Works Reliei— oklahoma Rural Credit » to 4.90 DAKOTA >b 6 4.00 J&J 6 4.00 J&D 6 4.00 1937-1950— 1 SOUTH 98 to 4.90 4b June i 1977 Cranston 4s ach 4s 1938-1966 to 3.10 % 1935-37.j&j ..J&J f 4kb Mar 15 '35-'73.m&Sl£ 5s 1935-1942 A&o '35 '39--M&S 1934-1953. 4Kb May 1934-1942—m&n 4Kb Mar J935.M&S 4b May 15 1948. m&n 3Kb g High Sch 1954-j&d Pawtucket—4Kb i960—j&j 4Kb Sewer 1952 j&d 4Kb School 1954 4b Water 1937 — Highway 1947 J&D 6 4.50 Gibson County— 4% Road 1935-1958—J&J 85 Hamilton County— 4K% Refunding 1957.A&O 6 4.75 5% Bridge 1944 6 4.75 % % 6 1.75 to 2.40 6 2.25 to 3.15 6 1.75 to 2.60 % 6 1.75 to 2% q 4K% Ref 1935-1948 J^J 6 5.50 fohnson City— 5Kb Impt 1934-1940..J&D 75 Knox Oo 6a Pike & Bridge May 1 1935-1940 M&N 6 4.75 3.00 5s 1935 1937 5s 1938-1951 4.35 m&n 4.35 m&n to 4.50 to to 4.50 5% 77 to Knoxvllle— 4Kb Impt 1934-39 F&A 4kb pnrk 1934-1935—a&o % 87 flronn 3.10 4 35 to 4.25 85 85 4.50 % 88 88 M&S 85 _.M&b 85 88 5K% Fdg Sept 11950.M&S 85 88 — 88 Madison County— 4K % Highway '34-'49 J&D 6 5.50 4.00 to 5% 6 Basis. / Flat price. ♦ Subject to taxation; by an amendment to the Constitution of Ohio, adopted Sept. 3 1912. bonds issued after Jan. 1 1913 by municipalities in that State are subject to taxation, n Nominal, r Less 2. s Less 1 on bid side, u Less 3 on bid side fLesslK* STATE 101 closing day of the month preceding the date of Issue. To or 6 4.40 Memphis 6s July l054.._J&J b 4.40 5s River Term 35 -48-A&O 4.40 4Mb Water 1934-1962—J&j 4.40 4 M« Water 1949 -j&g to b 4.40 to 4.25 b 4.40 to 4.25 1934-1954———-M&8 Montgomery Oo--5s Sumberland River Bdge 1953-F&A Nashville 6s 1935-1942.-A&O 5s March 1935 1960-M&S 4s '34- 50---1940 J&J *35 '56--J&J 5s Memorial 8q 1935-1968 4Mb 1934-1967 4Mb 1935-1948 b 4.75 b 4.25 b 4.25 to 4.25 4.25 4.25 4.25 4.25 85 b 4.75 F&A 1957---AAO 5s Aud Mkt H'se 49-M&S 4M% Jail 1940-1951—M&S 4s Courthouse % to J&D Shelby County— % % to -j&j M&8 Pelk Oo 5s 1934-46— Robertson County— 4Mb Road 1948 4.25, % to 4.50 b 4.25 M&N 4Mb % % to 4.25 % to 4.25 % to 4.25 4% 4% 4% to 4% to 4% to 4% to 4% to 4% 90 to 4.50 % 4% 4% 19 b 4.25 to 4% t 6 4.25 to San Antonio—5s 5Ms W 5Ms W 5s Sept 6s Sept b 5.50 5Ms Fdg 1935-1958—J&J Tipton County— 6 6.00 4Mb Road July 2 *84-'58J&j Washington County— 88 5% Fdg June 1 1954—J&J c 1955—M&8 5M% Highway UNITED 8TATE8—See b 5.00 to to 5.50 % Staunton 5s 1934-58 to 4.15 to 4.60 4.90 to 4.60 4.90 to 4.60 4.90 to 4.60 92 to 4.75 % 16'59-'65---- 35- 58-M&815 72 78 Austin 5s 1934-1942—--j&j b 4.35 b 4.35 5s SchBlg&HoB 52op 32J&J 4.35 4MB 1935-1961 J&J 4.35 4MB 1935-1953 j&j 80 87 to 4.20 WASHINGTON 6s Gen Fund 1934-194H..J&J 6 4.10 6 3.75 4M% Gen. oblig. 1934-1943 '26-Jan 1 6 5.15 Clarke Co 6b '36 opt to to 4.35 4.50 to 4.35 4.50 to 4.35 % 5% 70 80 70 80 70 70 70 80 70 80 80 80 pages 19 & 5s general oblig Revenue— 6 3.80 6 2.00 b 3.80 to 3.90 % 6 3.80 to 3 .90 to 3.90 .w, % % 4.35 to 5.25 5.75 to 5.25 5.75 to 5.25 1940-1965 4Mb 1935 4MB 1936-1970 4s 1942 opt 1922 Brazoria Co— A&O 5.75 to 5.25 J&J 5.75 b 3.75 to 3.85 6 3.75 to 3.85 % % to 5.25 J&J J&D 5.75 to 5.25 5.75 6 5.50 to 5.30 100 to 5.30 to 5.30 101M 6 5.00 to 4.50 6 5.00 to 4.50 C 6 5.85 to 5.50 % 6 5.85 to 5.50 6 5.85 to 5.50 6 5.85 to 5.50 b 4.75 6 4.00 I 4.50 to to 4.60 6 4.50 to 4.35 6 4.50 to % 4.35 % 4s 1946-1950 M&N 6 5,00 Spokane— 4Mb Park 1963 J&J 6 4.25 4Mb Bridge 1934-38—-J&J 6 4.15 to 4.85 % to 4.10 - to to % 4% 4Mb Water *39-'43 (s-a) J&J 6 6 4MBE1L&P '42-'46(s-a)_J&J 6 4MsElL&P '35'51 (s-a)A&O 4s Water 1944-46 J&J 6 4.60 4.45 ±.65 to 4.50 5.65 to 4.50 4.50 to *.35 to 4.20 5.75 to 5.30 VERMONT. to 4.20 — JA J 32--A&O 6 5.50 6 5.50 Tacoma—Revenues— to 4.20 1954-M&8 A&O 95 to 5.30 Seattle School Dist Ne. 1— to 2.25 to 4.20 5s Water Works 5s 1935 1939 92 6 5.50 6 5.50 - to 4.10 to 2.90 5% 98 95 1936—J&D 5 Mb Water 1935-38-M&S King County— 6s Road 1935 —F&A 4Mb Bridge 1934-1938 M&N 4Mb Bridge 1939-1949 M&N 4M- 1934 M&N 4Ms 1935-1950 M&N Pierce Oo 5s Sept 1 *34-378ept Port of Seattle 5s *34-'55 M&8 96 4Mb Jan 1935-1955 -J&J Seattle—6a 1935-41 L&P A&O 5Ms L & P 1935-43.—M&N 6s Light & Pow 1942-56A&O 4M Lt & Pr 1939-'5R M&N Gen oblig 4Mb '35-'40_A&0 % 4Mb 1941-1956 A&O % 4Mb 1935-1935 A&O % 4Mb 1936-1957 A&O % 6 4.00 to 2.90 to 3.80 to 3.50 to Everett— 5.25 4.50 to 3.20 4Mb Road 1939 4Mb July 1 1939 Ogden 4M% 1934-1945-F&A Salt LakeOity— 5b Refunding 1941 J&J 4s Ref 1935 A&O 4s Ref 1936-1945 A&O 4s Ref 1946-1965 A&O Salt Lake City S D— 4s May 1 1949 M&N Salt Lake Co 4M» Apr 1 1942 4.50 to 4.50 to 4.60 4.90 4.10 to Net. to 4.60 4.90 to 5 Tazewell Co bt 1935-46-—J&J b Washington Oo. sch'34-*39 J&J b 4.90 To Ask. 5 M&8 b 4.25 to 4.60 to 4.60 J&J 6 3.00 J&J 6 2.75 J&J b 2.75 5 Ma April 1 1941 Bid. Bonds. Net, UTAH. 5% TKZAB. Abilene 5s Feb Amarlllo 4M® 6 4.90 b 1934-1953 1934-1959 M&S b 5b St Imp Dist No 2 1943-— b 4Ms 1935-1967 J&J b 4MB 1934-1968 F&A b San Antonio 8 D 5s '56.-F&A b Tarrant County— 4 Ms Ocfc 10 '34-"59._A&010 b Waco—6s Sewer 1937—J&J b 5s Water-Works 1942..J&J b 4Mb Water 1937-1968—J&J Wichita Falls 6s 1950 M&N 5Ms 1934-1940 M&N 6s Feb 10 1960 F&A10 4Mb 1934-1955 M&N 4Mb 1934-1960 J&D 4Mb 1935 1943 F&A 10 Smith County— White County— *34-'58-M&8 W 1935 M&N b 4.40 W 193o-'65—M&N b 4.90 Ask. to b 4.25 Bid. Bonds. or To or Net. to 4.25 b 4.40 4M« Park 1959 4MB 1934-1955 4Hs High Sch 4Mb Hospital Ask. Yield Basis Yield Basis Yield Basis Bid. Bonds. BONDS MUNICIPAL AND Quotations for all securities are as near as possible for the to 5.25 4Mb 1954-1958—-- 52 op Beaumont 5s 5s - Apr 10 1956-1965 5 M® Impt Cameron County— iMs 1934-48 J&D 6 1Mb Oct 1 1934-1949—A&O 6 75 60 4Mb 1935 1942— M&S SsRoad Mar 15 1935-1957.- 56 60 Oleburne 5s 65 75 Corpus WW'52op'32 J&J Christ! 5s fd 07-F&A 58 65 1934-1959---F&A J«&N 4Ms 1935-1970 M&N 4 Ms July 11934-1949--J&j 4MB 1935-'45 M&N 4 Ms 1946-'65 M&N 4s Scheol 1934-1951—J&j Dallas Co4Ms8eptl0'51 AprlO 58 4.30 65 to 4.15 4.30 to 4.15 4.30 to 4.15 4.30 to 4.15 4.30 to 4.15 4.30 to 4.15 4.30 5s Viad't & Bridge Feb 10 1954 opt 1924 Apr 10 b 4.45 El Paso 6s W W Purch'60 A&O b 5.75 5s Fund 1961 opt '31— M&S 6 5.75 5.75 5s School 1965 opt '35--J&j 5.75 6s Impt Aug 1 1948—F&A 5.75 4MB 1935-1960 A&O Pert Worth 5s 1951 A&O 6s 1934 J&D 5s 1935-1959 J&D 4Ms 1936-1971 F&A 4Mb 1936-1964F&A 4s Refunding 1941—--J&J 5.00 to 4.15 % % % % % % % to 5.50 1 to 5.50 % % % to 4.75 5.00 5.00 .to 4.75 5.00 to 4.75 5.00 to 4.75 /0 5.00 to 4.75 % 5.25 5.25 5% 5% 5% to 5% to 5% to 5% to Galveston County— '51op'81 A&O b 4.75 to 4.50 1935-'54-A&O 10 6 6.00 to '17 A&O b 4.25 to 4Mb Apr 10 '35-'56-A&qi0 4M® Road Apr 10 '35-60.- 4.25 to Sew1939—M&N 4.40 to 4.20 % 5s Ref Oct 16 '41op'31-A&0 6s Mun Imp *35-'36—F&A 4.40 to 4.20 % 4.40 to 4.20 % 4.40 to 4.20 Houston—5s 4Mb Sept 1935-1952—M&N 4Mb Oct 28 88 op '2i-A&0 j&j 4Mb 1934-1957 4Mb Imp 1934-35 (s-a)-J&J 4Mb Impt 1936-39 (s-a)-J&J 4.25 b 4.40 5.50 4% 4% to 4% % to 4.20 b 4.40 to 4.20 % b 4.40 to 4.20 b 4.40 to 4.20 b 4.40 to 4.20 % 4Mb Impt 1940-65 (s-a).J&J b 4.40 4Mb 1942-1947 Houston 8 D 5s Feb 1952—-- b 4.40 4Ms 1937-1951 J&D 6 4.40 Palestine 5s Sch Aug 1 1934. •39.'44.'49. '54. '59. *64— 1935-1970 Basis. F&A /Flat price. 74 1 to 4.20 % 6 1.75 to, 6 3.75 to 3.65 6 3.75 to 3.65 6 3.75 to 3.65 114 101M 100M 100 to 4.50 6 4.30 6 4.30 to 4.50 6 4.30 6 4.30 4.30 to 4.10 % % % % % to 4.10 % to 4.20 % 4.10 % to 4.10 6 4.25 to to 4.10 J&J J&J 5s 1935-1952 5s 1935-1953 Olarksbg S D 5s '41 on Hancock County—-5s Road Dist '46 opt A&O 6 4.75 ,to 4.30 % A&O 6 4.75 ;to 4.30 % '21M&S 6 4.75 to 4.30 % Grant 99 M 101 I Oct 6 4.30 to 4.10 % 32-M&N Huntington 5s 1944 Mar tins burg 5s '43 op '29 Mercer Oo 5s *44 op Deol *24 A&Olf - 102 101M 99 Morgantown 5s 1934 48—J&.1 Wheeling 5s W W '34-'52_J&J 6 4.20 4s Ref 1934 to 1936—Jul! 6 4.50 & % to 4.20 % 4.10 % Eau Claire 4Mb W w *34-'44 Fond du Lac 4Mb 1935...Mar 103 102 101 to 4.05 to 4.25 WISCONSIN % % 4.50 % to 4.50 to to 4Mb 5% to 5% to 5% % to 5.50 % % to 5.50 % to 5.50 % to 5.50 to 5 .50 % 3.50 3.50 3.50 to 3.60 3% .65 3.65 3.65 3.65 3.65 6 "4.25* to 4~%" to 6 4.25 6 4.25 4% 4% to 4% to 4% 6 4.25 to:4% to 100M 1935-1947 A&O 6 4.00 W 1934-1935—M&N 6 6.00 6a W W 1936-1960—M&N 6 6.00 Madison-— 3.80 4Mb 1934-1937 J&D 3.80 4Mb 1938-1949 J&D 6s W to 5% to 4.50 101 102M 101M Green Bay— to 5% Milwaukee—5a *34-'40 5s July 1934-1940 4Mb 1935-1939 4Mb Park 1935 4Mb 1934-1945— 4s 1934-1936 4s 1937-1944 Milwaukee Oountr— to 3.75 to to 5% 5% to 3.50 to 3.50 to 3.85 J&J 4.25 J&J J&J J&J J&J 4.25 to 3.85 4.25 to 3.85 4.25 to 4.25 to 3.85 J&J J&J 4.25 to 4.25 to 3.85 3.85 3.85 3.75 4Mb Ot H'se 1934..M&N15 6 3.90 4Mb Ot H'oe'35-'50 M&N15 6 3.90 to 6 3.90 to 3.75 6 3.90 to 3.75 6 3.90 to 3.75 6 4.60 to 4.20 6 4.60 to 4.20 4Mb Sew Mar 12 *36-'45— 4Mb court h'se '34-'35J&D16 4Mb court h'se *36-'49J&Dl6 Raclnc —4 Ms 'J5'-57 M&N 6s 1934-1941 F&A Raclce Oo 5s 1935-1940—J&J 4Mb 1935-1950 J&J Superior 4M» 8cb *34-l44-J&J Wood Oo 6b 1937-1938— A&O to 3.75 6 5.25 to 4.75 6 5.25 to 4.75 80 6 4.00 90 to 3.50 WYOMING 5.75 80 % to 4.50 4s 1941 6 4.25 6 4.25 to 4.10 Clarksburg 5s 1934 to 4.20 % to to 3.45 5^00 to 4.10 6 4.25 6 4.25 3.65 4.30 to 4.10 6 4.50 6 4.25 6 4.25 to 3.60 4.30 6 4.30 6 4.50 5.00 Newport News 4Mb !48*J&d 5.00 4Mb Feb 1953—IF&A 5.00 4s Street Nov 1 1941 -M&N 5.20 Norfolk—4% Jan 1935-36 5.20 4M% April 1941-47 6 5.20 5% Water May 1952 ... 5% Port Terminal May '52. 6 5.20 6 5.20 5M% School Oil 1952 5.50 Petersburg 4Mb 1952—A&O Portsmouth—5 Ms 1951—F&A 6.00 6.00 4Mb Imp Oct 1 1942..A&0 6.00 4Mb Sch & Sew 1938—j&j 4 Ms 1934-1954 6.00 J&J 5s Water 1948 J&D 6.00 Richmond—4Mb 1949-.—J&j 4Mb 1951 J&J 4Mb July 1 1964 J&J 4Mb July 1 1941 J&J 6~3.70~ 4M> July 1 1965 J&J 4s 1938 to 1943 J&j J&J 4s Elec Light 1942 J&j 4s 1943 J&J Roanoke 4Mb Ref 1936—-J&J 4Mb Street Impt May 1940 4Mb Pub BJdg 1941-M&N 4Mb Pub Bldg 1944—M&N 4Mb Apr 1952 A&O 4s Street Impt 1936 J&J to 4.10 to 3.60 3.75 Charleston S. D. 5s 1934 % to 4.10 % to 4.10 to 3.60 3.75 1 to 4.10 6 to 4.50 to 3 .60 J&J J&J J&J Charleston 4 Ms '41 opt *27J&J 3 Mb 1951 & 1952 3 Ms 1943-1952— 102M 5% 5% 5% 6 J&J 6 3.75 J&J 6 3.75 '4s July 1948-1952 101 6 J&J 4a 1939-1950 117 M .50 to 4.20 Port Arthur— 5s 1.J&J 4s Ref Oct 1934 2-J&J 4s Pub Impt 1939-1959-J&J 1935-1956—-----A&O 4Mb Grad. &c. '4*op'28 J&j 4Mb Grad,&c.'49 op'29A&0 6Ms Road 1951 4Mb Water to Harris Co 4s '47 op J&J J&d Lynchbg4Ms Pub Imp'39J&J 4Mb Pub Impt 1946-V-J&j % to 5s Bd Apr 10 Grimes Oo.— 4Mb July 1 1939-1950--J&J Fairfax Co 4Mb 1945..F&A5 % to 4.75 5.25 F&A 4Mb Ref Aug 1942 to 5.50 5.25 6s Highway 19S4-1934—J&J 5s Highway 1935-1946—J&J 4 Ms July 1946-1948 J&J 4Mb 1945-1954 J&J Danville— to 5.50 5.25 5.25 6s 4s (commonwealth) 1962. 3M% ctfs of indt July 1 '39 3s Funded debt 1991 J&J iMsctf Indebt 1934-37 J&J 41bemarle Oo 5s 1948 J&J Alexandria 6s 1934-1956.A&0 Arlington Co 6Ms'35 '54.F&A Bristol 5 Mb Sch '34-'53 Charlottesville 5b 1962..M&8 6s Water Impt 1951-—J&J 4Mb June 1 1957 to 5.50 7o l944-i.-A&0 1934-1935-J&J 5s Grade Rais VIRGINIA 5s 4MB 1934 Henrico Oo Sch 5s '35-'50 to 4.25 School 1934-1954—M&8 Galveston—5s WEST % 3% 4MB 1935-1943 65 56 6s Water to 2.80 to VIRGINIA. M Dallas 5s 1935 i960 .75 .75 Vllddlebury 4s *41op'21.M&N Rutland 4Mb 1946-48 J&J 4a Road 1951 opt 1941 Natrona Oo 8 D No 2— 5s 1935-1944 A&O J&J 102 M 94 103M 98 % Banks & Trust Companies STATE AND NATIONAL BANK STATEMENTS Quotations in this department are given per share, not per cent, except for stocks of Canadian Institutions, and are possible for theclosing day of the month preceding date of issue, though often are nominal. An asterisk (*) denotes as near as sales. Figures of deposits, capital and profits for the Matioaal banks are from the Comptroller's last call; for tutions they are the latest obtainable, direct returns being procured by us where no periodic statements are the Clearing House banks of New York, deposits are taken from the latest weekly statement. National Banks State Institutions Capital. National Banks Apr. 18. ALABAMA March 5. March 5. all other insti¬ required. For State Institutions CALIFORNIA March 5. Gross Surplus A Profits. Ask. Bid. Par Deposits. Capital. Surplus & Profits. Gross Deposits. Par Nomi nal. BirminghamBlrm'ham Tr & $ $ 500,000 1 2,000,000 175,000 100.000 Preferred Ensley Bank & Tr Co Industrial Sav Bank. First National Bk— Common 149,867 18,322,860 share. 100 497,000 1,017,507 100 100 27,727 *75,923 40,945,890 2,500,000 7,500.000 J2,812,960 100.000 Preferred 20,155 314,160 1,089,922 14,674,569 23 20 f 25 1100 1,000,000 Common 1,000,000 1 500,000 11,692,915 I 500.000 Preferred class A__ Amer Na6 BkATr Co 634,786 105,136 1,396,410 27,146,472 4,146,400 500,000 300,000 1,670,399 111,183 202,434 35,135,018 3,380,375 7,387,498 257,200 125,775 524,298 20,000 251,158 2,900,000 4,211,670 8,527,585 617,000 100 2,550,153 100 500,000 50,000 16,847,451 864,766 3,072,586 705,535 ion 145,000 501,709 105,725 77,102 49,072 150,000 22,594 2,164,579 100 1.000,000 850,955 21,447,041 100 250,000 500,000 First National BankFirst Trust A Sav Bk Pasadena Nat Bank. Security Nat Bank.. 20 1 25 Union Bk A Tr Co— Common 100,000 Preferred 100,000 102,583 611,444 J 5422,553 Merchants Nat Bank Sumitomo Bk of Cal. 100 5H 10 400,000 120,000 200,000 100.000 179,726 21,830 225,873 152,894 200.000 American Nat Bank San City National Bank. People's Bk & Tr Co. First Nat TASBk. 100 100 N o 100 re cent 100 2,208,301 704,580 1,371,572 1,332,591 State ARIZONA March 5. sa lea San Institutions Preferred 600.oni 100,000 National Bisbes— Per 250,000 91,301 3,473,575 300.000 197,744 430,183 share. 100 20 Phoenix— 500.000 250.000 VaUey Bank A Tr Co 1.050,000 176,924 245,729 3,469,119 5,290,368 2,963,069 10,517,017 400,000 250,000 81,341 300,472 7,501,249 4,996,076 25 25 25 N o re cent sa les Tucson— Consolidated Nat Bk Sou Arisona Bk A Tr 100 100 '--S:.. National ARKANSAS March 5. 100 N o 100 re cent n sa les Suae 4,043,809 139,554,540 20 100 Bank... 15,400,000 Co March 5. Nomi nal. Per share. 13.H 142 13 % 14AH / 25 Bank of Montreal 1,000,000 2,938,356 lot/ 186,552 Canadian Bk of Com 1.300,000 12,723,145 100 597,464 Crocker First Nat Bk O6.000,000 4,169,771 61,149,708 100 The San Fran Bank 1.000,000 6,558,692 151,859,130 1000 Pacific Nat Bank 100 208,474 5,303,839 1,000,000 Wells Fargo Bank A Union Trust Co... 100 9.000,000 8,487,076 162,192,718 Yokohama Specie Bk 1,225,000 2,984,913 V 380,468 American Trust Oo_. 10.000,000 10,751,972 197,323,955 100 Grocker First Federal ol.500,000 2,203,606 43,966,883 600,000 500.000 829,558 118,923 7,458,319 1,945,874 100 230X 9,650 9,850 43 37 225 215 50 San Jose— First National Bank. San Jose Nat Bank.. /irifwtow Fort Smith— 241,775 al5,933 9,652,690 f 25 I 25 4,602,459 1U0 100 1,324,711 Bank of Calif, N A.. 8.500,000 7,606,065 82,491,745 Bank of Canton Ltd. 300.000 *33,073 251,912 Bank of Amer Nat Tr A Savs Assoc 50,000,000 50,987,419 807,503,967 Bank of America 4,000,000 2,255,230 59,710,793 Trust Ban In 25 100 San Francisco— Anglo California March 5. First NatBk of Ariz. Phoenix Nat Bank.. Phoenix Sav Bk A Tr 100 Diego Tr A S B Common Security Tr A Sav Bk Nomi nal. Miners A Merch Bk. lea Diego— United States Nat Bk National Ranks cent sa SanBernardino— \lH Selma— Selma National Bank Selma Tr A Sav Bank o re Capital Nat Bank 1,349,627 60,504 100 Sacramento— 100 2,049,324 12,256,203 100 N Montgomery— 500,000 1,000,000 100 100 300,000 500,000 1,000,000 c 100,000 300,000 share. 79 100 Citizens Bk of Sacra- Alabama Nat Bank. First National Bank. Per % 2,500,000 dl, 501,816 First National Bank. Farmers A Mer Sav. PasadenaCitizens Ooml Tr A 8 Mobile— First National Bank. Merchants Nat Bk— Ask. Oakland— 100 Bank Los Angeles (Concl.) Union Bank A Trust. Central Bkof Oakland 100 W oodla wn- American National Per $ Sav Common Bid. Nomi nal. Santa Ana— Commercial Nat Bk. First National Bk— No re cent 25 72,653 580,232 498,200 2,260,119 5,323,657 7,627,646 200,000 100 31,564 1,009,182 N o 100 re cent Common 500.000 125,581 7,019,475 100 sa les Preferred 500,000 Twln City Savs Bk_ Union National Bank 300,000 118,826 56,720 21,225 115,798 3,767,980 1,781,035 603,892 4,428,994 20 Nat'l Bank. 300,000 200,000 les 25 200.000 500.000 500.000 sa City National BankFirst National BankMerchants Nat Bank Little Bock— Commercial Nat'l Bk Peoples 100,000 - 25 25 25 17 — mm mm mm'mi mm ^ 20 mm mm mm 25 Union Safe Bank W B Worthen Co— Common. Preferred Pine Bluff— 250,000 250.000 100,538 7,800,287 Stockton— First National BankStockton SAL Bank 100 200,000 1,000,000 457,447 1,089,016 2,947,812 8,015,489 100 10C N 375,000 a77,937 1,795,400 100 sa Deposit re ... 100 cent les 100 Nat Bank of Comm.. Common 50,000 50,000 National Banks 10,000 755,969 100 200.000 Preferred Simmons Nat Bank. 571,239 7,571,101 100 100 CALIFORNIA State ------ CANADA 400 Institutions March 5. Nomi nal,. Per share. Long Beach- Farm 5c Merch Tr Co Western Tr Ac Sav Bk Los Angeles— California Bank California Trust Co. Citizens Nat Trust & * 300,000 1,000.000 100,000 225,000 107,656 694,426 20 9,140,136 100 N None 161",089 3,125,935 100 re cent 1,726,702 100 sa Sale price. a March 5. Dec. 30 1933. 6 Feb. 14 1934. c April 2 1934. d April 30 1934. e In process o les 1,233,416 651,774 70,524,530 5.000.000 7,410,757 84,448,507 3.0O0.0CI0 5,023,846 92,156,211 Seaboard Nat Bank. 2,000,000 338,869 8,108,720 Security-First NatBk 30,000,000 25,867,435 442,932,807 Savings Bank Farmers A Mer. Nat- , 25 16 20 fclOO 100 25 25 £\y* 325 8 31 Ys 21K 360 12 31^ 1933. k All owned by the California Bank, Los Angeles, Calif. /Last sale price. n 20 of reorganization. / Par $40 Hong Kong money. i June 30 5,000,000 1.000,000 ( See \ \Page 115/ o Fully paid up stock with par of 100 Consolidation of the New stock with par of 50 yen. Crocker First National Bank of San Francisco yen. Calif., and the Crocker First Federal Trust Co. under the name of Crocker First National Bank of San Francisco became effective June 1 1934. p Par value 100 yen. National Banks March 5. Capital. Surplus A Profits. Institutions State COLORADO COMPANIES TRUST AND BANKS 106 March 5. Gross Par. Deposits. Capital. Ask. Bid. Gross Surplus A Profits. Par, Deposits. share. 50,000 208,035 100,000 100,000 40,062 {::: 101 Lincoln Nat Bank... 10C McLachlen Bkg Corp 350.000 Wash. 1.050,000 10C 1,311,078 1,407,365 Colorado Spgs Nat B L Common Preferred class A__ Exchange Nat Bank. 6,183,054 6,210,746 319,097 376,337 30U.0UO First National Bank. 300,000 Bank of Nat 100.000 1,000,000 500.000 400.000 Central Sav Bk A Tr 200.000 Nat 800.000 Capital Bank— Metropol Bank. Riggs National Bank IOC 4,574,028 2,517,081 145,621 63,317 550,000 500.000 100 1,000.000 1,500,000 186,660 31,335,926 100 60,000 Common 70,302 809,804 100 re cent les 21,497,397 43,090,499 iUt i25,000 1,656,983 23,198 1,547,436 436,651 19,501.625 267,324 16,661,059 100 Muusey Trust Co 100 Union Trust Co 100 Wash Loan A Tr Co 500.000 100.000 Internatlonal Tr Co. 50 100 N 100 o re 100 cent inn 80,671,950 14,117,780 (10° 4,726.334 8,848,840 17,365,426 loo 100 10U 5,800,240 5,051,972 35,348,617 Nat Sav & Tr Co— sa 1,079,666 23,726 1,180,980 {::: inn 1,000,000 II,479,061 1,000,000 1,299,801 2,000.000 759,209 2.000.000 1.000.000 1,930,855 o Second Nat Bank Secur Sav & Com Bk Amer Secur A Tr Co. 2,001,896 700,000 Common 700,000 Preferred 1,500.000 First National Bank South B'way Nat Bk p 200.000 550.000 U S National Bank.. 120.000 Guardlan Trust Co_. 20 100 3.000.000 12,954,851 1.500,000 339,475 750.000 184,980 600 000 3,400 000 3,920,331 Preferred N Preferred Colorado State Bank Denver Nat Bank— 100 to 4,167,712 1,804,268 11,396,190 4,278,772 6,697,985 2,389,001 9,989,318 2,064,148 23,848,195 469,081 182,811 286,703 269,198 721,765 92,454 779,005 153,547 I,477,750 Sa les Common Colorado Nat Bank short. 1C 250,uuo Nat Denver— American Nat Bank. Ask. Per Washington— City Bank-.. Columbia Nat Bank. Bank of Co mm & Sav Hamilton Nat Bank. Liberty Nat Bank Per Colorado Spgs.Oolorado Sav Bank. Bid. Nomi nai. Nomi nal. Common Preferred 100 100 100 100 IOC Leadville— Carbonate Amer N B iOl National Banks 500.000 Western Nat. B-tnk 1,095,435 30.000 100,000 Mlnnequa Bank 132,786 94,441 Nomi nal.( 100 Per Jacksonville— 100 59,503 100,000 200,000 3,234,722 31,771,679 18.142.1U 21,166,868 100 100,000 82,250 1,605,340 25 1,200,000 100,000 393,356 70,132 163,227 20.479,695 *166,081 3,057,684 100 400,000 300.000 215,621 7,023,358 100 100,000 53,802 2,120,077 1.500.000 Barnett N B of Jack- {::: share 10 494,920 819,099 557,009 Atlantic Nat Bank-. d3.000.000 Common Institutions March 5. 100 15,418,395 1,212,399 1,544,709 Pueblo Sav & Tr Co Preferred State FLORIDA March 5. Pueblo— First National Bank. Florida Nat Bank— gl,500.000 25 Lakeland— Florida Nat Bank 0 MiamiNational Banks CONNECTICUT March 5. Institutions State First National Bank- March 5. First Tr & Sav Bank - Florida Nat Bk A Tr Miami Nomi nal. 1,000,000 Black Rock Bk A Tr. 100,000 1.750,000 200,000 100,000 Brldgep't City Tr C< Fairfield Trust Oo_ _. North End Bk A Tr. 837,569 147,691 1,330,191 156,136 86,283 16,086,697 25 20 100 18,390,343 1,799,721 870,264 17 20 918,743 •» 22 Bank 25 Orlando— — N First Nat Bank- 28 101 101 •» ton First Beach National Per share. BridgeportFirst Nat Bk & Tr G< r Common.._. mm'mmm 100,000 95,744 3,883,399 American Nat Bank. 800.000 200,000 226,584 144,205 3.648,880 2,443,712 100 200,000 92,566 6,584 521,792 1,604,436 200.000 151,224 4,027,718 25 250.000 414,022 572,566 125,000 11,858,121 12,979,522 1,288,997 100 35,539 233,862 2,579,695 3,360,590 les 100 Oit A People's Nat Bk St. Augustine— ------ o re cent sa 100.000 Preferred Florida Bank 0 / Pensacola— Hartford— 149,397 976,847 300.000 150,000 1,150,000 100.000 4,000,000 100,000 1.600,000 ™ Industrial Bank Phoenix St Bk & Tr. 100,000 > 4.000.000 100.000 250.000 125.000 > 100,000 500.000 200.000 100.000 ) ) 916,035 112,725 3,878,117 264,720 2,492,960 166,608 4,399,780 145,801 192,427 135,612 69,194 1,067,888 227,503 128,360 2,887,267 6,307,605 12,966,278 1,336,124 45,589,545 25 15 3l 450 LOl 85 51 65 75 10 17 H 19>* 100 27,586",385 1,668,825 28,188,984 2,063,351 2,040,805 1,575,348 428,536 9,853,341 1,684,549 1,245,502 — $ mmrnm m m mmm . Florida Nat Bank 165 10' 25 mm 53 57 25 20 30 First National Bank. 40 •- m - - - 95 lantic Nat Bank 100.000 Cent Farmers' Trust mmmmrn mm 250.000 200.000 100.000 100.000 Merlden„Nat Bank.. M or Id en Tr&8DC(o Puritan Bk & Tr Co. 5,241,173 1,250,217 5,711 1,316,386 100 100 100 100 26 National Bunks 377,237 69,737 72,831 92,646 500,000 k 100 rnrnmmm Heriden— Home National 100 West Palm Beach At¬ 75 m 100 West Palm Beach 50 50 10( 100 500,000 500.000 First Sav A Tr Co 25 25 g Tampa— Exchange Nat Bank- mm mm 25 25.000 People's Bk for Sav. St Augustine Nat Bk St. Petersburg— m'mimm .. . 18 20 25 30 10C 125 150 25 Institutions March 31. 40 100 Sta'e GEORGIA March 5. 25 100 40 Nomi nal. Per Atlanta— American Sav Bank. Gltlz & So Nat Bank- New Haven— 306,367 721,224 252,478 855,187 Amer Bank & Tr Co. 100,000 61.260,000 1 1,600,000 750.000 _ 1 . Trademen'a Common 1,858,064 24,394,501 7,268,333 9,813,098 100 100 90 55 100 100 100 First Nat Bank..: 1 60 Fulton Nat Bank 52 56 Ga Sav Bk A Tr Co.. 67 70 TruBt Co of Georgia 125,924 2,619,327 3,721,399 476,620 200,000 r5,000,000 6.400.000 509.000 185,679 1,872,855 1,000,000 62,000.000 170,000 I 180,000 . Preferred 3 55,433 1,775,872 731,166 1.458.700 11,985,438 /100 100 135 97 101 10 100 "12" 12 15^ 17 140 135 X mr 100 170"" 175"" Debentures 175 170 554,012 7,510,225 2,619,327 95,076 63,027,802 3,098,580 no 100 794,158 113,328 55,750 300,195 115,409 4,745,592 1,397,146 1,006,020 1,774,474 1,096,103 100 re cent lOf sa 2,619,327 61,059 166,063 63,027,802 839,285 5,807,377 100 500,000 r5,000,000 2,619,327 63,027,802 10 190,571 3,427,293 116,022 2,278,132 60,014 912,966 750,000 1 500,000 Common iOu ... r5,00U,00U Nat. Exchange Bank. 6 400.000 1100 SI* 12H Columbua— New London— Winthrop Trust Co. tlO Georgia RR Bk & Tr 1100 Citlz A So Nat Bank- National Bank.. Union Bk & Tr Co. 236,514 63,027,802 82,811,520 19,853,613 1,381,113 10,291,650 Augusta— Nat Nat Bk of Common New London City share 100 Columbus Bk A Tr_. 300,000 . . 5,097,382 100 N . 365,916 o Fourth Nat Bank ,200.000 300,000 287.500 e 0160,299 249,213 22,672 2,716,092 1,136,759 617,058 100 re cent 100 sa les 850,000 Home Savings Bank. Morch A Mech Bank o First Nat Bk of Col 100 300,000 150,000 o 200.000 e 0 200,000 100 N 100 o les ion Macon— Cltlx A So Nat Bank. r5.ono.onn 110,000 City Bank A Tr Co.. Norwich— Thames Bk & Tr 550.000 200.000 k 419,573 119,544 2,860,222 1,371,337 25 17 100 95 First Nat Bk A Tr Co 20 100 « tio 12 123* 12 125* 10 Savannah— Cltlx A So Nat. Bank Liberty Nat Bk & Tr Common Stamford— First-Stamford . Fidelity Title&Tr C Stamford Trust Co. Preferred- 1 Bank A Trust Co. D . 1,000,000 200,000 700.000 1,298,395 603,543 1,035,736 9,640,404 4,942,973 6,828,922 100 100 100 100 mm — mmm 150 115 Savannah Bk A Tr 300 Common 160 Debentures k . 600,000 500.000 1,000.000 709,697 205,844 3,140,338 300.000 224,547 o 9,834,905 3,265,782 8,494,005 2,427,391 100 * 125 50 30 100 340 100 ^165 Citizens Bk & Tr Co Waterbury— Oltl* & Mfrs* Nat B k 6300,000 1 300,000 700,000 60 200,000 1 150,000 J100 Sale price, t Branch of Savannah, a April 30 1934. b Stockholders of the First National Bank & Trust Co. of New Haven, Conn., to vote May 29 1934 on proposal to reduce the common capital of the bank from $1,260,000 to $630,000 and to issue $630,000 of new prior preferred stock and $920,000 of 6% convertible preferred stock of $100 par. d Member of the Atlantic Group in Florida. National Banks DELAWARE State Institutions « March 5. Nomi nal. Per Wilmington— Central Nat Bank Farmers' Bank Industrial Trust Co. Union Nat Bank Delaware Trust Co Equitable Trust Co. Security Trust Co Wilmington rr»1 Co _ 210,000 327,623 500,000 2,111,365 2.000.000 102,424 203.175 722.614 1,000,000. 568.047 1.500,000 fl2.423.362 1,121,0001 1,058.984 4,000.000 10,070,346 1,369,317 19,531,474 1,504,249 2,638,030 6,437,152 9,332,988 7,100,230 28,080,880 100 50 200 15 25 85 100 25 100 150 70 135 60 180 Member of the Florida National Group. h Affiliated with the Barnett National Bank of share. 1 Dec. 31 85 75 25 Affiliate of the First National Bank of Atlanta, Ga. 0 March 5. m m mmm 18 90 1932. I Last sale. o Dec. 30 1933. 170 mmm mmm 145 190 mm p r In process ot reorganization, Combined statement, f Trust funds. x Ex-dividend. Jacksonville. Fla. June, 1934.] National Banks Capital. Boise City— Preferred First Security BankBoise Trust Co March 5. Si Par. Bid. Ask. Nomi nal. Per share. $ } 130,681 8,385,313 100 N 0 re cent 786,133 <719,030 14,989,175 46,710 100 100 sa les 150.000 107 State illinois Gross Deposits. $ 500,000 300,000 1,250.000 Nacumal Banks March 5. Surplus A Profits. $ • First Nat Bk of Idaho Common companies State Institutions idaho March 5. trust and banks Capital. Institutions March 5. Gross rplus & Profits. Bid. Par. Deposits. Ask. Nomi nal. Quincy— B'dway Bk of Quincy 111 State Bk of Quincy % 100,000 Common 200,000 1 200,000 Debentures Mercantile Tr A S Bk S'thSideBk of Quincy . , 10,496 200.000 32,980 123,957 12,700 50.000 •; Per $ share. 100 527,081 2,330,907 J100 3,688,628 322,903 W> 100 N 0 Rockford— National Banks illinois March 5. State Illinois Natl Bk A Tr Co Institutions March 5. Per Aurora Nat Bank... N i ,160.000 Merchants Nat Bank Old Second Nat Bank share. o 54,800 72.105 2,527,982 1.721,197 106 re cent 106 sa les 57,584 15,216 207,489 292,359 123,740 400.000 400.000 200.000 125.000 500.000 1,498,324 614,957 1,806,259 3,273,867 1,712,756 100 98,536 155,575 166,623 500.000 300.000 500,000 200,000 Swedish-Am Nat Bk. Third Nat'l Bank— Nomi nal. Aurora— re cent 131,615 152,164 250,179 38,075 100 4,336,045 1,742,595 3,939,836 100 7,425,387 100 100 les sa Springfield— First National BankIllinois Nat Bank Springfield MarineBk First State Tr A 8 Bk a 4,151.241 100 7,484,633 10c 100 "N. Belleville— Belleville Bk & Tr Oo 160.000 Belleville Nat Bank. 100.000 Belleville Savs Bank. First National Bank. 300.000 200.000 St Olalr Nat Bank-. 160.000 National Banks 100 lftft 100 100 March 5. 85 indiana Institutions State March 5. 100 250 150 100 Nomi nal. Evansville— Per Citizens' Nat Bank.. Citizens Tr A Sav Bk Chicago— Aetna State National City Bank. North Side Bank Bank— 200,000 31,909 100 341,054 Old National Bank— Common Am Nat Bk & Tr CoCommon 1,000,000 750,000 j 560,104 200,000 100.000 20,626 19,869 1,417,215 707,407 100 40 50 Tr Co 4,000.000 Cont 111 N B & Tr Co Common 25,000.000 Preferred 50.000,000 1,337,883 87,314,230 100 96 103 Preferred Austin State Bank.. Beverly State Sav Bk City Nat Bk 17,488,418 Preferred J100 106 Common Common j14394401 100,000 1 100,000 658,381,899 / 33h 41h 42}* 13313 I Y 2U0.UUU 200.000 40 106 70 50 80 9 903620 610,828,847 1100 99 Common 250,000 1 Preferred 36U.U00 300.000 Main State 6,375,151 2,143,780 543,694 110,844 5,642.602 1.000.000 118,408 689,669 5,183,933 10,473,668 200,000 16.978 20U.UUU 93,862 1,120,427 980,836 4,998,991 3,227,993 400.000 Nat'l Builders Bank. Nat'l Boulevard Bk. National Security Bk 67,928 300.000 . Mutual Nat Bk of Cti lUo 10 i10 100 Common 500,0ftft 500.000 174,644 7,605,155 f'00 128,186 500.000 178,856 268,095 33,981 200 210 '"20" 30" 8 10 500,000 750,000 } 270,618 150,000 300.000 Common Class A preferred. Fountain Sq State Bk Indiana Nat Bank.. Live Stock Exch Bk. 200 People's State Bank. 175,566 100,000 505,877 5,842,553 20 656,617 112,327 5,211,302 515,865 100 786,523 16,053,911 100,077 2,252,481 200.000 375,000 1,000 000 1 1,800 000 100 000 830,211 55,424,347 635,792 150 92 200 100 383,484 100 160 180 17,749,509 1,584,236 1,883,572 1,484,186 24,144,214 9,678,080 3,083,210 10,117,156 100 100 100 105 125 100 125 145 "465" 566" 3.000 000 200, 000 149,340 50 000 g 21,922 1.250 000 1,908,333 Indiana Trust Oo 100 Security Trust Co 60 155 3,761,502 7,837 100 160,076 46,643 562,353 100 1,016,075 lUu 20ft .000 700,000 200,000 Skaia State Bank 200,000 State Bk of Clearing. Terminal Nat Bank. Merchants Nat Bank 40 50 4ftft.oon St Joseph L A Tr Co 1.200,000 25 25 30 45 55 Terre Haute— Merchants NatBk_. Common Preferred Terre Haute First 200,000 52,864 National Bank 2,305,844 2,257,233 3,165,577 lftft 35 40 221,831 717,488 100 124,202 113,242 43,612 1,047,519 331,451 2,661,882 1,800,014 1,080,987 8,710,271 5,127,395 1 800.000 350,000 200.000 100.000 L 1,865,756 2,094,651 4,268,485 1,672,308 1,990,471 N o re cent sa 100 100 les 3,025,306 flOO 1100 500,000 500,000 707,574 20 11,857,028 100 IOWA March 5. March 5. Nomi nal. Per share 100 Burlington— iu. 25 10r 45 35 55 Farmers A Merch S B 106 70 80 First National Bank- 100 200 215 715,390 100 20 50.000 / 100,000 32,563 25,779 841,932 1,382,022 261,762 254,687 8,603,270 3,790,863 3.000.000 300,000 8,472,124 194,979,987 187,419 4,457,919 Merchants Nat Bank 500,000 lOO.ftftft United States Bank 50 12 ldu 130 60 100 40 100 375 901,013 96.050 18,000 20,817,649 2,653,165 100 317,000 100 • Sale price, June 30 1933. • .... 41,637 143,325 179,512 851,223 2,271,896 1,159,072 nounced 100 100 100 Harris Trust N o 2on.ooft South Side Tr A Sa B 150,000 7,534,047 16.924,253 10,262,409 1,279,824 562,513 50 20 : . .... ; • /April 21 1934. g Dec. 30 1933. i Charter granted to the Aurora National Bank, Aurora, 111., on May 24 1934, and which succeeds the Aurora National Bank of that place. 20 2ft /, d New stock. sal 633,524 1,302,086 1,149,388 103,584 60,593 • a rec ent Peoria— •. A Savings Bank of Chicago, 111., on May 18 1934, an¬ plan for the winding up of the affairs of its investment affiliate, the N. W, Harris Co. c 100,000 300.000 100.000 0 les sa 385 160 50,000 70 45 106 _ 140 ion _ Elgin- Jefferson TrA Sav Bk 100 15 a 600.000 2.000.000 660,000 iftft re cent People's Sav Bank.. 1,140,164 Cent Nat Bk A Tr Co Com Mer Nat Bk A T First National Bank. Institutions State 100 18,455 419,080 5,316,535 9,044,350 / 100 20 21,507 213,563 600.000 500,000 Mercantile Tr A Sav. Merchandise Bk A Tr 100 N 400,000 500.000 & S Bk. 100 Cedar Rapids— 200,000 Lake snore Tr at S Bk 100 lftft 8,321,113 134,828,592 103 50 16,222 98,112 10 100 45 100 200.000 Capital notes First Nat'l Bank Union Nat'l Bank 250,000 600,000 600.000 106 132,120 100,099 136,828 10 100 South Bend— City Nat Bank Citizens Tr A Sav Bk First Bank A Tr Oo 50,000 163,071 152,987 7,293 282,642 100 200.000 300,000 Common Elgin Natl Bank--. 1,637,675 1.000 000 1,257,999 200 000 g 409,601 600 000 2,233,211 100 888,085 2,284,006 100,000 200,000 1-0 Bank A Trust Co Pullman Tr A Sav Bk 1,500 000 90 16" 17,267 129,035 Harris Tr & Sav Bk. c6.000,000 Howard Ave T&S Bk Northern Trust Co.. Co.. National Banks West 31st State Bk_. Western State Bank. & Sav Bk Trust 505,380 100 "25* 200,000 200,000 300,000 Unlv St Bk of Chic.. Amaig Tr A Sav Bk. Ba^co di Napoli Tr. Bway Tr & Sav Bank Chic City Bk & Tr_. 30 170 100 120,000 200.000 Upper Ave Bank Uptown Statu Bank. Fletcher Union Trust Co 20 1 no 36,781 389,803 Sears-Com State Bk. 150,000 120 3,214,316 4,957,799 Security Bk of Chic. Sixty-third & Halsted i St Savings Bank.. 297,199 80 106 100 I 100 000 106 1.264,986 249,793 27 20 7,436,888 4,371 200 000 500 000 100 2,000.000 750.000 26 9:731,254 1,034,057 L Fidelity Trust Co 60 Personal Ln & Sav Bk Pioneer Tr A SaV Bk 200 American Nat Bank 50 105 100 250 100 Gary— tot- 220,142 240 500,000 Marion Co State Bk. Merchants' Nat Bk. 20 Oak Park Tr ASav Bk 500.000 326 225 1100 320.000 1 100 3,876,066 8,988,778 2,331,123 3,639,034 Lakeview Tr lftft 300 Indianapolis— 106 106 200.000 1.000.000 Drovers Tr 7,144,578 1,233,519 share. 100 Bankers Trust Oo Bank Metrop State Bantc Mid-City Nat Bank Preferred Gary 8tate Bank Gary Tr A Sav Bk.. Lawndale Nat Bank Live Stock Nat Bank Lincoln Nat Bk A Tr Common 101 3,076,752 16,048,047 lioo 725.949 23,627 25,411 200.000 Liberty Bank 769,425 Debentures B People's Tr A Sav Oo 30 luo 156,845 676,918 1.000.000 First Nat Ifinglewood Halsted Exch Nat Bk Hamilton State Bk_. 100 Preferred Dime Trust A Sav Bk Debentures A f 20 50,000 6UU.OOU 25,000,000 25,000,000 8,848,642 Ft Wayne Nat Bank First National Bank Preferred 574,188 186,272 364,722 20,723 Fort Wayne— District Nat Bank— Preferred Drexel State Bank.. Drovers Nat Bank-. 500,000 100.000 500,000 100,000 g I Last sale. 100 x Ex-dividend. y Ex-rights. BANKS 108 National Banks March 5. March 5. Par. Deposits. Bid. March 5. Gross Surplus & Profits. Capital. Ask. State Institutions LOUISIANA Gross Surplus A Profits. Capital. National Banks March 5. State Institutions IOWA COMPANIES TRUST AND Par. Deposits. Council Bluffs— Per share. 2,263,425 3,474,756 100 19,923 1,099,053 {100 Preferred State Savings Bank. 50,000 1 50,000 100.000 Davenport— Davenport Bk fc Tr. 600.000 d Common Preferred Louisiana Nat Bank. 3,525,793 244,993 6,015,726 100 100 997,364 12,175,252 New Orleans- 100 100 68,392 Hibernia 370,567 19,061,526 382,918 29,220,821 { 20 \ 20 16** 17** 1,200,000 1.500,000 330,849 11 58,238 4,389,536 24,324,892 I 20 \ 20 21,328 100 26 87.814.934 10 ** 208.000 Preferred 536,383 1,200,000 1.500,000 Natl Common 47 55 Nat Bk of Commerce Common—...— Bankers Trust Co— Preferred 250,000 650,000 100,000 150.000 250,000 A__ B Cap City State Bank Central Nt Bk & Tr Co | 10,326,843 1,215,102 13,622,011 213,117 109,241 261,426 T Co Whitney Nat Bank.. Louisiana SB & 100 10C 100 588,646 3,500,000 Preferred Home Savings Bank. 30.462.323J 1,414,437 150.000 52,782 20,570 188,401 200,000 50.000 368,531 35,312 150,656 217,411 223,330 124,662 32,506 IOC 17,893,080 12,021,951 6,218,049 100 in f- 10- 5,114,649 1,642,383 400,000 200,000 200,000 250,000 7ft0.ono 10C 2,668,429 5,104,229 5,099,786 6,819,748 3,574,252 1,056,971 100.000 50.000 University State Bk. Valley Sav Bank not 281,883 176,139 220,374 1,000,000 1.000,000 First National Bank. Commercial Nat Bk. Oont'l-Am B & Tr Co les 1.000,000 1 2,800.000 Shreveport— o cent Iowa-Des Moines Nat Bank & Trust Co: Common 42 1.000.000 Tr Bk American Bank & Common share. 10 1100 Des Moines— Preferred 76,170 300,000 300,000 300,000 Common First National Bank. Preferred Per Baton Rouge- City National Bank 10( 80,416 164,363 150.000 Oonn Bluffs Sav Bk. S $ $ 150.000 Oity National Bank. Ask. Bid. Nomi nal. Nomi nal. 10 209,849 National Banks State MAINE March 5. Institutions March 19. 100 Dubuque— First National Bank. tnai." 10C share. Augusta— Toy Nat Bank Security Nat Bank.. Woodbury Co Sav Bk 100.000 r National Banks 100 600.000 200,000 282,050 914,896 349,344 7,898,720 7,746,269 12,460,880 100 135 150 100 20 400 450 Canal National Bank Co— First National Bank. Nat Bk of Commerce Portland Nat Bank. 600,000 445,849 100,000 109,414 99,077 740,386 8,337,474 1,710,803 2,875,611 4,853,647 12,834,833 80 90 200,000 25 Bangor— 10C 100 10C State Institutions March 31. KANSAS March 5. 7,243,000 5,317,497 Merchants' Nat Bk. Eastern Tr & Bkg Co Merrill Trust Co Portland— 10 Live Stock Nat Bank h 348,000 294,280 Bk Depositors' Trust Co First Nat Granite Sioux City— First National Bank 1,090,000 611,425 Casco Bk & Tr Amer Tr & Sav Bank 600,000 400.000 400,000 425,000 National Banks March 5. 100 25 *35" 20 17 20 60 60 70 Institutions Slate MARYLAND Dec. 30. Nomi nal. Per Hutchinson— 150,000 150,000 250,000 American Nat Bank. Exchange Nat Bank. First National Bank. 45,386 87,643 189,254 n share. 100 N 100 re cent 100 985,618 1,448,547 3,683,673 sa les o 300,000 450,000 200,000 ... Preferred 155,837 142,030 100,000 100,000 20,403 100.000 Common 234,672 9,072,867 f 10 1100 1,862,152 100 100 2,707,257 100,000 105 110 120 125 150 175 Commonw'lth BankFirst National Bank. Nat Cent Bk of Bait. 80,000 300,000 4,000.000 400.000 600.000 flOO 2,378,358 1100 Leavenworth— First National Bank. 105,624 150,000 150, OOC 50.000 Leavenworth Nat Bk Manufac'rs State Bk 191,176 21,500 Citizens State Bank. 500,000 400.000 115.000 Fidelity Sav State bk 200,000 Central Trust Co... 50,000 150,000 Common Capital notes..— Mercantile Tr Co... Real Estate Tr Co.. 9,711,343 U0C 751,428 / 100 521,109 2,630,852 100 60,000 200.000 Kaw Valley State Bk Merchants' Nat Bk. Nat Bank of Topeka 25,459 111,605 488,244 34,291 17,701 500,000 100,000 100,000 State Savings Bank. Tepeka State Bank.. les 100 100 100 1,000,000 Fourth Nat Bank... 1.000,000 Kansas State BankBank 1,119,315 628,345 16,446 60,102 100,000 200,000 21,375,168 14,526,291 545,891 1,445,115 Union Stock Yds Nat J 1,403,885 1(. 20 20 12 388,843 33,273 185,263 538,783 4,284,311 883,336 4,938,513 2,169,838 100 937,059 114,749 419,409 7,371,391 1,992,852 3,647,107 60 100 iOt March 5. \ Common 3,119,626 650.000 d 280,026 248,061 { 10 N 0 200,000 n 1 300.000 311,017 re io cent sa les 100 4,790,515 1,457,185 101 Lexington— Bank of Commerce.. share. 100 3,607,331 First Nat Bk & Tr Co Peop-LIb Bk & Tr Co OovlngtonTr&BkgCo 85 100 7 10( 1,744,616 10 100,000 200,000 125,000 200,000 1 350,000 1.000.000 206,601 1,056,903 { First Nat Bk & Tr Co 980,723 Second Nat Bank... 150.000 Union Bank & Tr Co 150.000 d 500.000 294,140 98,764 172,921 9,497,936 3,109,514 1,753,713 3,944,558 Common Security Trust Co... 35 150 200 50 60 70 30 35 20 26 62,205 1,183,238 150.OOP 238,913 3,059,742 100 15 institutions State MASSACHUSE T fS Dec. 30. 20 25 1100 — mm m — 50 55 60 100 200 250 100 150 250 175 750,000 2,000.000 100,000 2,500.000 Day Trust Co 500,000 Fiduciary TrustCo New Eng Trust Co.. 1,000,000 Old Colony Trust Co «5,000,000 200,000 Pilgrim Trust Co State Street Tr Co.. 3,000,000 Union Trust Co 500,000 Boston S Dep & Tr.. Columbia Trust Co.. U S Trust Co— Common Louisville— Bank of Commerce Fidelity & Colum Tr. First National Bank. 82,946 100,000 d 2,340,476 1,000,000 2,000,000 dl ,650,023 1.000.000 1,642,214 249,625 2,000,000 300,000 44,435 Liberty Bk & Tr Co. Security Bank KentuckyTitle Tr Co <71,000.000 750,000 Lincoln Bank & Tr.. 100.000 Steck Yards Bank 1.000.000 Louisville Trust Co. 525.000 United States Tr Co. Newport— American Nat Bank. Newport Nat Bank.. 100,000 neutral Sav Bk & Tr 100.000 100,000 1,425,277 431,989 86,647 669,888 96,663 124,492 380,373 65,000 10 1,232,289 47,831,743 10U\ / 6,071,214 100/ 27,584,010 10 m 10 16,484,169 100 1,938,445 100 0 3,549,205 10,930,425 100 175 ion 748,872 10 7,695,026 100 972,831 300 54 mmm mm • mm- m 2u 56 58 25 23** 23** 26 90 11,382,595 317,907 50 26 I I 1,337,751 301,642 3,871,403 25,920,277 386,000 c 1,951,000 7,050,030 380,188 803,851 582,816 *2,812,811 26,054,481 *5,269,540 4,100,504 d 598,401 109,916 *3,821,111 c62,264,581 * 5,540,049 314,522 11,053,324 mmmmmm 1,178,420 2,911,199 1,079,000 mmm 200 100 100 100 106 ion too mmmm m ----- t400 e 100 100 50 I 10 137,254 c 2,493,959 Beverly— Beverly Nat Bank.. 300,000 Beverly Trust Co 100.000 267,285 79,075 c 3,447,269 1,195,946 100 "235" j 6** 100 • 10 I 100 Sale price. Includes savings deposits. d Dec. 30 1933. e Affiliate of First National Bank of Boston. /Citizens Union Fidelity unified certificates. Affiliated with the First National Bank h Member Northwest Bancorporation. 1 Last sale. n o 100 t280 100 644,249 / 1 March 31 1934. mmmmm 265 30 50 luu c 100,000 0 mm -•» 33** 310 700,000 I 1,000,000 e 400 mmmmrn- share; 300 Winthrop Trust Co 300 100 33 M 100 t Stock has to be offered to board of directors. Citixens* Union N B. 3 300 15 500,000 1 500,000 ' Preferred Citizens Bk & Tr Co. Preferred 560"" 1** Per Banc Com Ital Tr Co Preferred 40 550 Web & Atias N Bk Institutions Per 64,112 205"" Norm nal. Preferred 355,768 5** 4** 195 25 100 March 31. 200,000 I 250,000 14 62»2 Nomi nal. 200,000 25 ... 100 Covington— Common 29 100 44,500,000 28,040,880 559,834,376 5,345,157 66,720,998 Merchants' Nat Bk. 3,000.000 2,877,455 24,515,048 Nat Rock Bk of Bos 1,500,000 Nat Shawmut Bank- 20.000,000 11,932,030 165,687,842 Second Nat Bank 4,359,229 60,243,976 2,000,000 Citixens' Nat Bank.. 30 10U 538,531 State 66 10 75,000 75.000 Fr'k Town Sav Inst. 100 \ KENTUCKY — mmm 101 214,455 {-w Boston— March 5. — 26 2£ 100 25 4,067,337 il,662,381 — "65 "i 47** 3C First National Bank- National Banks — 30 140 27 2.000.000 500.000 {100 13,116 100,000 40 ..... 10 10C 18,963,136 1,196,503 8,444,692 26,664,348 100,000 500.000 Preferred 100 52,850 10 25,540,606 Peoples Bank—_— Second Nat Bank— National Banks 200,000 100,000 Common 50 100 ■ 200,000 Union National Bank Preferred 20 5,667,400 360,146 2,913,000 110,000 933,367 65,516 511,123 191,936 6,487,086 127,759,400 4,947,062 527,434 4,823,282 588,149 9,333,901 495,020 1,392,346 334,086 1,102,057 17,996,125 i 14,726,870 723,226 *3,660,153 2.500,000 Common Wichita— First National Bank. 10 10 1,500,000 600,000 Liberty Trust Co— Frederick— Citizens' Nat Bank.. Comm'l Bank of Md Farm & Mech N Bk. Frederick Co Nat Bk cent 100 1,219,727 18,305,872 2,500,000 11,514,911 2,000,000 First Nat Bank iUli 4,182,711 7,223,949 1,224,060 502,810 share. 7 Cumberland- 1100 589,967 Co Safe Dep & Trust Union Trust Co 882,779 [100 16,238 1,250,000 1.000,000 Maryland Trust Co 100 Guaranty State Bank Preferred 400,000 100 o Common 750.000 100 1,909,928 2,464,872 820,000 209,964 223,577 10,313 25,723 Bank— Bank.. Colonial Trust Co... Nat Marine Fidelity Trust Co... Topeka— Central Nat Bank Western Nat Equitable Trust Co. Preferred Rivervlew State Bk. Nat 200.000 Bank— Carrollton Bk of Bait 8 12 1,000,000 — Canton Nat 7 3,583,993 500,000 I Calvert Bank—_— Exchange State Bank Security Nat Bank.. Southwest Per *305,733 500,000 Bank.. Baltimore Nat Bank Preferred Kansas City— Common Nomi nal BaltimoreBait Oomm'l Common Oomm'l N Bk of K C 45" 40 r x Oct. 25 1933. New stock. Operating on Ex-dividend. a restricted basis. of Louisville. 125 140 June, 1934.] tkust and banks National Banks March 5. ^^March 5?** MASSACHUSETTS 8tateDec!sQ^i<mi Capital. 109 companies State Institutions MINNESOTA Apr. 7. Gross Surplus d Profits. Deposits, Par. Bid. Surplus d Ask. Gross Profits. Deports. Capital. Par. Bid. Ask. Nomi nal. Brookton— Brockton Nat Bank. Home Nat Bank Per $ $ 600.000 500.000 ' Nomi nal. Duluth— Bank of Comm A Sav 100 100 7,100,818 6,929,107 321,255 418,604 share. Per 25,500 368,082 56,553 1,164,668 Cambridge— Cambridge Trust Oo County Bk A Tr Oo_ 515,986 c 4,924,086 406,825 c 2,768,954 1,461,573 cl4,967,615 150.000 100 2,280,847 100 5,837,675 6,899,658 2,468,628 100 Harvard Trust Oo___ 300.000 1.000.000 last Cambridge Lechmere Nat Bank. 200.000 124,656 400.000 1.200.000 300,000 168,021 626,521 67,017 10 20 of Duluth n o cent les Pioneer Nat Bank Western Nat Bank.. Fall River— 100 < 25 n o re cent 100 sa les 100 100 100 Minneapolis— Fall River Nat Bank Durfee Trust oo Fall River Trust c c 100 97 100 100 80 200 Nat Bk. 500.000 572,509 6,335,147 100 Gloucester— Cape Ann Nat Bank. 150.000 120.000 200.000 293,321 132,388 220,136 2,617,214 1,307,178 3,508,519 100 Glouc Nat Bk of Glou Glouces 8 d Tr Oo__ c 200.000 100,000 240,000 100 n o 10 re cent 100 6,602,187 1,133,675 1,684,293 855,895 42,360 160,301 sa 200.000 100,000 100.000 68.000.000 6 100,000 300,000 1.000,000 Hennepin State Bank Marquette Nat Bank Midland NatBk A Tr Minnehaha Nat bk 6 n'western Nat b & t Common 10 20 HaverhillHaverhill Nat Bank. Haverhill Trust Co.. Merrimack Nat Bank Blooming'n-Lake nb b Central Nat Bank < Fifth No'west'n nb. i First NatBk&Tr Co Fitohburg— Safety Fund shars. 100 100 3,103,036 5,600,426 721,000 618,478 600,000 1.000,000 100,000 150,000 Northern Nat Bank. re sa 300,000 4,316,313 1,271,332 22,702,426 86,869 290,579 21,016 13,906 100,000 600.000 Duluth Nat Bank 200,000 First A Amer Nat Bk <3.000.000 Minnesota Nat Bank City National Bank. I 100,000 82,251 1,460,945 ft. 1,281,924 <56,353 22,142 830,926 5,705,857 106,803,207 6— 100 25,925 677,223 100 2,228,988 119,501 245,752 11,383,693 <-._ 1,099,778 ft— 30,913 <5,000,000 5,000,000 f Preferred.: Produce State Bank. 6 2d Northwest State. < Third n'west'n n Bk < 4th Northwest Nat'l. < 1,366,276 91,419,638 floo k t3h 3% lico 200,000 100,000 34,460 26,102 31,609 145,039 903,280 878,383 943,202 2,137,257 200,000 50.000 145,151 59,012 3,823,595 plOO 2.500,000 150,000 100.000 219,384 84,650 25,237 5,515,265 68,493 176,468 61,677 23,228 153,219 16,491,006 100 3,058,485 100 1,390,571 100 99,721,527 plOO 1,619,062 100 5,665,786 100 3,487,843 i— 100 880,348 g 2,015,403 PlOO 100,000 50.000 I ft— <— les i <— Rochester— Holyoke— Holyoke Nat Bank.. Park National Bank. Hadley Falls Tr Co.. Lawrence— BayStateMer Nat Bk Lowell— Appleton Nat. Bank. Union Old Lowell National Bank. 400.000 100,000 1.400,000 n 600,000 7,374,277 2,514,235 8,589,791 182,011 225,152 214,021 25 20 s 30 32 5 100 100 7 25 5,746,042 219,450 First National Bank. Union Nat Bank 25 75 o First National Bank. p6.000.000 First State Bank p 100,000 300.000 215,580 3,143,383 100 1.000.000 594,417 10,536,270 50 200.000 200,000 235,895 356,464 2,852,529 2,742,060 50 100 EmpireNatBk&TrCo < 25 Common. Preferred Essex Trust Oo Lynn 8 Dep & Tr Go Security Trust Co.. New BedfordFirst National Bank. Merchants' Nat Bk sa£ Deposit Nat Bk 115 200,000 250,000 250,000 100,000 200.000 j Preferred... Salem— Merchants Nat Bank Naumkeag Trust Oo 61,087 35 350.000 Stock Yards NatBk. < 350.000 Twin Cities Nat Bk. 100.000 First Trust Oo. pi .000.000 50 100 7,094,194 6,745.502 25 1,573,429 100 20 51* 37 X Per 150,000 1 200,000 665,000 300,000 J100 Tr. Union Trust Oo. West Springfield Tr. Taunton— Machinists' Nat Bk. Bristol County Tr. Guaranty Bk & t Co WorcesterBk&Tr 4,359,662 24,960 172,827 5,389.524 5,061,985 161,176 129,128 56,315 2,367,117 2,546,688 1,906,924 500.000 300.000 243,918 234,275 4,851,835 4,335,371 50 10 cent 363.504 1,000,000 \ 242,778 1,500,000 1.500,000 1,789,515 1.000.000 nl,043,059 1,000.000 nl ,484,895 150,000 105,174 26,737,686 10,152,909 12,082,694 1,244,084 100 145 25 41 41 ion 200.000 sa les 13,554,772 f 6 10 1 10 268,788 201,378 n 500,000 1 440,723 1,000,000 2.769,500 2,460,168 200,000 137,274 _. National Banks 25 Norn <nsl 100,000 600.000 15 10 20 First National Bank. 29,257 713,450 500.000 28,668,179 2,312,181 Per Kansas City- 49,152 34,493 354,061 40,684 3,231,211 688,303 25,085 v 135,104 100.000 600.000 200.000 Institutions Nomi nal. share. 100 32,597 176,151 2,523,458 4,300,955 100 500.000 257,109 8.191.162 100 Preferred Mfrs National Bank. Nat Bank of Detroit- 28,505,816 f 50 I 50 Traders' 20 1 20 Common Westport Ave Bank. West Side Bk of Com Union Av Bk of Com Up Guardian Tr Co. Flint— Oil Com 5c Savs Bk. Genessee Co Savs Bk 76,910 300,000 Common Nat Bk of Grand Rap Common Preferred ... 500.000 700.000 617,137 33,902 525,000 500,000 j Began bu 250,000 75,455 264,081 Common Grand Rapids Tr Oo. Union Bank of Mich. Michigan Trust Co.. Saginaw— 400,000 500,000 2,000.000 750.000 250,000 1.200,000 20 10,603,964 4,280,008 siness Jan 31 1 934 898,070 4,525,062 20 20 6 10 8 900,000 1,350,000 100,000 100,000 100,000 d 15 8 100 150 80 100 115 75 100 100 100 100 50 50 100 80 70 140 100 100 1 1,100,946 602,955 787,564 |2,944,152 100,715,821 as a strictly fiduciary institution. Bancorporation. Bancorporation. n March 31 10 o American National Bank of St. Paul affiliate. 150 p Member of the First Bank Stock Corp. 50 2 5 30 10 13 100 18,178,804 f 10 9 15 100 110 75 100 140 100 125 100 72 82 100 100 t No par. i Member of Northwest 8 10 14,481,036 156,152 36,133 114,613 Trust balances. g 1934. New stock. 5 x 959,267 flOO \100 i Last sale 10 *20 870,848 100 Affiliated with the Worcester Bank A Trust Oo. v 1.250.000 110 Includes savings deposits. k Northwest 4,271,605 Nat Bank A t- Co 135 65 /Union Guardian Trust Co. of Detroit, Mich., reopened on May 29 1,200,801 28,034,973 401,420 g 450,334 76,382 1,516,386 568,097 g 1,327,791 100,000 350 115 d Dec. 30 1933. 20 20 , 80 320 Conservator appointed. 1934 , 100 100 100 100 100 6,685,978 734,034 3,834,607 Sale price, e 500,000 250,000 50 100 100 6 First National Group, Peoples Nat Bank— Preferred Old Kent Bank 115,652 35,299 266,136 a 7,239,065 f 20 \ 20 1,110,927 100 c Nat Bank of Flint Preferred Grand Rapids— Central Bank 400,000 100,000 300,000 • g 160 52 100 658,604 1,330,446 2,056,953 6,000,000 3,000,000 Common Capital notes Detroit Trust Co- ,2,321,695 42 Commerce Trust Co ... Highland Park Trust 200.000 100,000 7,598 30,405 109,353 j 473,189 Preferred 1,150,000 2.091,780 500,000 /500.000 100 Union Nat Bank— 50 60,466,483 5,000,000 [7,963,906 203,547,127 I 10 Preferred 12,500,000 I 25 United Savings Bank 20 1,000,000 832,946 13,141,557 Bankers Trust Co 100 1,000,000 767,765 g 440,494 Equitable Trust CoCommon 500,000 f 20 Class "a" pref 101.260 8,073 17 896.762 ] 20 Class "b" pref 56,490 I 20 ... 68 120 City Southeast State Bk.. Stock Yards Nat Bk. Common Preferred Gate Nat'l Bank 65,546,687 i 1,500,000 [1,727,684 4,000,000 3,000,000 2,089,027 40,000 50.000 d Park National Bank. Plaza Bank of Oomm | 221,604 240,001 80,000 1 120,000 Common 500,000 2,500.000 60 100 5,270,824 200,000 \ 200,000 j Produce Exch Bank. Common Second Common Preferred I share. 100 970,669 11,456,506 3,479,778 519,726 8,100,207 1,145,682 89,104,456 8,386,812 709,872 1,913,282 Merc Home Bk i Capital notes. Bank— Common 200,000 Inter-State Nat Banl March 5. 300,000 400.000 2,000.000 500.000 100.000 Merchants Bank.... Common Institutions March 5. 75 Linwood State Bank. Detroit Savings Bank 20 100 25 Baltimore Bank State State MISSOURI March 5. 14,105,701 1100 MICHIGAN March 5. Preferred les 50 Vicksburg— First Nat A Tr Oo. 160" 1100 300.000 National Banks State cent 45 1,735,551 3,826,654 o re sa 100 100 45 25 25 150.000 . Drovers' Nat Bank Savings Bank Detroit— Oom'wealth-Oom'l 40 100 100 ' Oitlsena Nat Bank. First National Bank. East Side Bk of Con 5c share. 30 Meridian— o re 3,209,957 5,187,042 Oo a3.800.000 Bay CityBay City Bank. Natl Bk of Bay City. People's Commercial 1 n 1100 137,292 Worcester— Mechanics Nat Bank Common Preferred Worcester Co Nat Bk 70,433 400,000 100,000 Preferred Depos Gu Bk A TrOo Jackson-State n Bk. Springfield Nat Bank Springfield 8 d & Institutions March 5. Nomi nal Capital National BkOommon SpringfieldCommon Preferred ..i. Third n Bk & Tr Co State Jackson 26 n 200.000 250.000 MISSISSIPPI March 5. 175 380 75 100 20 4,662,506 52,574 National Banks 50 l 148,834 1,075,185 337,212 j r 2,643,509 3,308,146 8.043,706 626,068 944,515 500,000 1.500.000 500.000 200,000 150,000 2,984,684 435,941 Peabody— Warren Nat Bank Common 100 1,201,236 St. Paul— American Nat Bank. Commercial State Bk Drov ExchState Bank Lynn— Central Nat Bank. Manufac'rs Nat Bk National City Bank No re cent sa les 35 z Oct. 25 1933. Ex-dividend. Includes $527,923 restricted deposits. TRUST COMPANIES BANKS AND 110 National Banks March 5. Par Deposits. Bid. Capital. Ask. State NEW JERSEY March 5. April 10. Gross Surplus A Profit*. Capital. National Banks Institutions State MISSOURI Surplus A Profits. Instituttons March 5. Gross Deposits. Bid. Par. Burnes Nat Bank— First National Bank. First Trust Oo St Jos Stock Yds Bk. Tootle-Lacy Nat Bk. Empire Trust Oo Missouri Vail Tr Oo. 8c. 350.000 s 200.000 200,000 140.000 64.884 share. 100 7,455,959 3,161,015 5,797,991 2,296,408 2,957,367 6,426,680 1,782,297 847,899 251,606 179,444 360,969 103,690 160,697 212,653 77,021 200.000 200.000 500,000 100.000 Bank. Per % $ Ot. Joseph— American Nat Bankers Trust 100 N o re cent les 5I66 1,168,670 24,211 Preferred Equitable Trust Co—• ( 20 200,000 179,309 2,122,209 i.Uli 2,000,000 I 398,621 32,422,925 — Asbury Park & 400,000 400,000 Oo. Co First Nat Bank— Bremen Bk & Tr Cass Bk & Tr 10,200,000 4,000,000 J3,716,422 200,000 150,000 100,000 173,608,301 35,261 500.000 Common Preferred Jefferson Bk & T Co- 105,081 __ Capital notes A— Capital notes B— Jeff-Gravols Bank.. Lemay Ferry Bank— 50.000 50.000 Common Preferred 100 4,502,274 4,500,000 291,302 117,000 u 100 {. 17 23 K 24 100 J 100 8,486,165 f 20 314,788 430,000 I I 20 1,215.000 3,091,047 100 43,263 500.000 Manchester Bank— 23 1934. Mutual Bk & Tr Co- Began bus iness April 20 2,283,455 104,487 200,000 Plaza Bank (The) loo 350.000 334,672 13,200,641 Sec N B 8 & Tr Co.. 2,539,189 100 104,392 200.000 flouth'n Com & Sav. 0400,000 300,000 500„000 ^ 1,466,962 4,259,008 1,182,397 1,500.000 1,200,000 1,342,265 3.140,446 22,253,789 24.362,119 25 21 24 25 25 M 30 100.000 218,030 952.842 1,028,660 5,144,938 102,841 436,148 1,581,135 8,683,544 891,006 17,841,142 f 1,312,379 2,749,131 |3,629,038 350,000 114,476 3,286,306 6,000,000 12,113,525 1,500,000 55,698 200.000 u 68,701.446 1,016,478 loo 146,955 3,134,661 20 Northwest'n Tr Co.. 500.000 MI.016,765 100.000 6,642,984 1,445,981 100 WebsterGroves Tr_. Nat'I Bank. — 500.000 1,500,425 1 874,575 100 100 100 100 100 85 83 jioo Tr Oo 750.000 Capital notes ._ Mound City Tr Co North St Louis Tr Oo 500,000 124,135 u Bank 100.000 600.000 ... Union Nat Bank 100.000 Southern Missouri Tr i Banks MONTANA March 5. State 60 8.420,026 25 10.245,504 1,011,313 2,487,928 1,417,455 4 1,101,630 12,343 17,480,372 2.892,078 j 270,454 300,000 100,000 600,000 580,318 11,727 503,982 Metals Bk & Tr Oo. a 504,475 160,297 8,257,861 3,914,513 N o 100 re cent sa les 17--- Helena— 250.000 e 432,284 92,933 2,031,431 1,086,644 50 125 150 100 100 120 391,186 106,434 11,013,604 4,151,543 25 29 33 25 4 6 100,745 1/23,360 754,845 631,854 100 125 1,200,000 150,000 225.000 50.000 Common 50,000 NEBRASKA State 600.000 1.075,000 1,000.000 u 100,000 Fidelity Union Tr Oo 4,056.250 6.666.675 2.500.000 . Nomi nal. 234,691 371,870 258,459 200,000 850,000 300.000 e Nat Bk of Commerce iuo 95 115 Nat Bank of N J joe 150 200 Peoples Nat Bank... First Nat Bank— 20 250,000 Common 1,000,000 500,000 Preferred A Preferred B 454,581 22,584,324 167,598 ■ 6,281,208 • Preferred North & West Hu daon— 300,000 IstNat Bk of Un Citj 20 20 450.000 Live Stock Nat Bank First NBk. West NY p Hamilton Nat Bank luc Omaha Nat Bank— Common 1,250,000 1,250,000 _ Preferred J 255,764 1100 N o cent sa les 1100 Guttenberg Merchants TrUnCity Comw'lth Tr Un City 100,000 1 100,000 750.000 200.000 Common Preferred Stock Yards Nat Bk. « Bank.. k U S Nat Bank— 23,503 386,809 60,693 n 2,231,073 (100 6,115,188 333,741 100 100 23,882,086 100 100.000 500,000 8U0.000 Gutt'b'g Bk & Tr Co PkTr Co Weehawken c u * 100.000 350,000 Common 1,100.000 200,000 National Banks March 5. J 608,589 West N Y WeehawkenT&TltCo sey, 100 Huds Tr Oo Un City Woodcliff Trust Oo. Passaic N Bk&Tr Co Nomi nal. 138,552 7,517.058 share. 100 Per Manchester— 200.000 815,987 514,375 98,826 4,726,324 2,626,040 2,872,054 100.000 300.000 458,905 558,539 300.000 289,521 4,367,120 4,601,238 6,349,813 200.000 150,000 share. 100 100 100 Nashua— Hamp Nat Bk. 25 20 15 10 2c "20" "23 22 23 27 25 25 30 100 15 25 25 & 17 22 26 100 4.827.589 4.272.590 101 1,084,912 101 22,010 24,922 367,662 264,000 99,585 227,578 101. fio io< 865,795 100 20 5,182,978 20 5,439,000 2,200,533 lue 1,132,663 alOC 2.000,000 1,320,303 II.000.000 nl,015,385 26,214,223 12,946,276 108,919 107,329 114,887 944,510 112,672 3,959,240 1,398,588 220.000 175.000 100.000 650,000 150.000 First National Bk 653,695 16,238,789 2,958,022 * Preferred 25 96,031 223,666 Plalnfield— Plalnfield Nat Bank Per 200,000 Nomi nil. Common 350 / 12*2 lio 1,370,264 5,868,810 25,977,906 807,241 Plalnfield Trust Co.. SecendNat of Nashua Portsmouth— First National Bank. 10( ... 125 118 2,136,535 120,146 1.000.000 u 632,625 I.000.000 2,641,688 150,000 43,660 Mld-Clty Trust Oo. Nashua Trust Oo 60 101 8,504,926 4,825,004 a200,000 "State Trust Oo Reno— First Nat Bk In Reno d f 100 N o re cent sa les 250,000 250,000 100.000 J 70,302 59,919 a 25 25 10() Passaic— NEVADA People's Bk & Tr Oo. Indian Head Nat Bk OL Trust Co of New Jer¬ e Preferred Amoskeag Nat Bank Manchester Nat Bk. Merchants Nat Bank '7M 2f 524,518 271,333 Liberty National Bk re 300.000 150,000 of Weehawken. 39,547,343 (100 Packers' Nat Bank: State 300.000 472,999 Common "6>* 25 311,359 200,000 New BrunswTrCo— Omaha— Union o New Brunswick 100 7,382,860 14,871,793 8,289,362 375.000 . 25 1100 West Side Trust Co. 400.000 Merch A Newark Tr. Institutions March 5. Per 43,079 United States Tr Oo. 700.000 t Union National Bk Lincoln— Continental Nat'I Bk First National Bank. J 212,786 share. Columbus Trust, Co D'Auria Bk & Tr Co. March 5. 35,164,003 15,664,727 3,848,266 316,111 958,494 207,053 1,102,408 35,218 2,697,641 26,038,606 11,440,088 127,935,540 2,851,198 15,558,693 u 2,295,178 177,428 1,979,297 580,765 6,411,371 272,722 Clinton Trust Oo Federal Trust Oo. National Banks 1,511,436 1,338,990 3.000.000 500,000 Central Bk & Tr Co e. 10>* 100 Marzano State Bk & (7—- 4l" 8M 25 14 38" \ 30 5.743,895 6,074,887 1,247,174 7,750.911 600.000 Lincoln Nat Bank Preferred First Nat Bk & Tr Co Unlen Bank & Tr Co ll 25 337,090 244,096 107,063 299,555 200,000 State Bank 40 100 125 200,000 National 19 16 25 1.000.000 Banking Co 100 3 ti¬ 2M 10 25 100 200,000 Mt Prospect Nat Bk. Nat Newark & Essex Butte— First National Bank- Miners S Bk & Tr Oo 7" 2,305,746 250.000 TrCo 100 100 5X 100 100 27,111,963 I Newark— share. 16" 201,596 Farmers' Trust Co.. 100 11,376,870 720,000 10,531,952 300.000 Midland Nat Bank.. 100 200.000 250,000 Franklin Wash Tr Co 6 20 Union Nat Bk&TrCo Institutions Per Montana Nat Bank. 80 25 American Trust Co.. Billings— Sec Tr & 8a vs Bank. 100 100 Morristown Trust Oo 3,411,997 1,467,958 1,817,423 4 46,174,152 21,814,769 544,368 50,995.422 1,585,527 First National Bank 100 March 5. 117,350 99,769 33,890 250 4,212,026 2,294,941 36,670 5,308.876 217,825 National Iron Bank. 100 Nomi nal. 200,000 150.000 175.000 100 100 Long Branch— Long Branch Bkg Oo 100 20 100 200.000 West Bergen Tr Co.. 105 15" 100 50 Mt. Holly- Nationa 10 20 25 I 25 Morristown— 1,300,000 8,955,669 1,400,000 60,000 216,360 42,000 o 20 t/530,444 24,227 1/504,647 t/587,339 5.700.000 Trust Go of N J 100 Springfield— Citizens 99 95 125 100 100 r 625.000 Bank100.000 Columbia Trust Co.. 800.000 Jefferson Trust Co— i 500.000 Seaboard Trust Co.. Jersey City— 1,600,000 First National Bank. 400,000 Franklin Nat Bank. Hudson Co Nat Bk— 1,250,000 Common 1,500,000 Preferred 3.400,000 Commercial Tr N J 2,035,000 N J Title Guar & Tr. 150.000 North Bergen Tr Co. 150 100 25 4.540,172 12,506,186 2,886,890 3,990,953 500.000 620.000 .. Miss Val Trust Co— Common 10 216,476 358,772 u206,787 183,778 660,571 500.000 700.000 First National 107,771,527 Mercantile-Com¬ i Hoboken— (100 ; 300.000 Central Home Tr Co Elizabeth Trust Co.. Merc Com B & T Co- Capital notes 1,050.000 National State Bank 100 10,000,000 2,000,000 300.000 Llndell Trust Oo 200,000 Elizabethport BkgCo 100 300.000 300,000 600.000 1.000.000 Chippewa Trust Co. Easten-Taylor Tr Oo merce 165,743 418,797 143,461 100 200.000 100.000 J 20 Elizabeth— Union County 5,511,507 9,186,380 7,510,550 1,973,518 94,458 351,654 239,918 59,570 52,826 127,507 Common 100 500,000 Common South Side Nat Bk— les 8,353,880 7,237,561 400.000 Trust Co: Preferred o re cent 464,401 «807,606 Bayonne— Bayonne Trust Co.. Mechanics' Trust Co Bridgeton— Bridgeton Nat Bank. Cumberland Nat Bk. Farm Sc Mer Nat Bk. Sav Inv & — Common. 100 3,600,292 645,661 Ampere Bank & TrOo Essex Co Trust. Oo Bank Preferred Preferred 10 708,573 /100 I 10 East Orange- \100 & T Co—Common Telegraphers Nat Bk Tewer Gr Bk & TrOo United Bk & Tr Co.. 10 I Camden— 634,193 f 100 22,998 1,292,192 f J Camden S D & Tr 4,041,487 757,539 /100 I 10 14,579 1 FirstOamNatB&TCo Oo Merchantville Nat'I Bank & Trust Co West Jersey Trust Oo 2,012,322 share 100 sa Ocean prf300 000 500,000 Per $ 2,691,805 N 203,469 300,000 20 Preferred Manufacturers P 1,184,689 Grove Bank...— cm600.000 Boatmen's Nat Bk— Common. 2567,241 225,000 Asbury Park— Asbury PkNatBk&Tr 1100 288,144 500,000 1/6291626 2,356,595 Common— 100 100 Y Co- Common 107,500 I 92.500 Preferred Baden Bank - 120,000 343,550 Guarantee Trust Preferred Bank Common Common Co— Preferred sa 632,062 400,000 Common 100 Louie— Amer Exch Nat $ Atlantic CityBoardwalk Nat Bank 100 Ask. Nomi nal. Nomi nal. N o 100 re cent 100 sa les 100 2,660,413 MOO 1100 1,258,050 100 Affiliated with the Trust Co. of New Jersey, 10 25 100 100 100 Sale price. a 25 25 . Jersey City. & Includes security stock, c The Liberty National Bank of Guttenberg, N. J., ef¬ fective April 24 1934 was succeeded by the Liberty National Bank in Gut¬ tenberg. d Owned by the Transamerica Corp., San Francisco, Calif. e Member of Northwest Bancorporation. / Includes reserves, g Member First Bank Stock Corp. i In process of reorganization. k Union State Bank of Omaha, Neb., on May 17 1934, taken over by the State Banking Dept. for final liquidation. I Last sale, n Dec. 311932. o June30 1933. p Conservator appointed, r May 15 1934. s Member of the Guardian Detroit Union Group, Inc., Detroit, Mich. t Licensed to resume full banking operations on May 4 1934. u Dec. 31 1933. v The South Side National Bank in St. Louis, St. Louis, Mo., chartered May 1 1934 and succeeds the South Side National Bank of St. Louis. BANKS June, 1934.] National Bank March 5. State NEW JERSEY Surplus A Profits. National Banks Institutions Paterson— Qross ■ Ask. Paterson Nat Bank.. Second Nat Bank... Paterson Say Inst Prospect Park Nat Bk Citizens' Trust Co 666,130 27,375 640,456 648,222 2,907,015 107,325 835,235 1,200.000 750,000 1.000,000 100,000 600,000 Par. Deposits. Bid. Common 750.000 1 575.000 ... 200 100 125 11,007,053 15,881,286 27,412,292 2,369,676 9,246,382 100 Security Trust Co 3.799,117 J a26,209 1,801,516 600,000 First-Mech Nat Bk. H'nover CapitalTrOo Trenton Banking Co Trenton Trust Co 1,239,578 3,997,632 241,707 300,000 1.000,000 1,221,573 1.400.000 al,254,390 250,000 2.000.000 10 11,468,036 30,434,761 2,783,745 20,188,026 21,119,213 50 290 30 275 25 ""95"" l66~" 30 25 National Bank.^_ First Nat Bk & Tr Co 'Voodhnrv Trust Co 464,537 100,000 200,000 National Ranks NEW March 5. 1,993,888 2,049,731 1,179,297 475,748 403,146 a tnn.non YORK Staf 60 40 10 50 ' 60610764 763,759,131 r Institutions March 5. Nat Com Bk A Tr Co N Y State Nat Bank. First Trust Co Auburn— 1,865,630 63,774,706 51,877,073 33,271,946 100 109,045 6,313,271 4,944,861 100 665,965 8,201.979 100 250.000 £1,184,155 1,500.000 4,997,514 2,000,000 2,303,321 1.000.000 rl,545,660 1 Nat Bank of Auburn 400.000 Auburn 750,000 Trust Co. 442,631 r 475 315 155 325"" 100 100 110 115 100 160 200,000 600,000 600,000 Common Preferred Marine Midl'd Tr Co Common 3,000,000 Capital notes..... Brooklyn—State B 1500,000 300,000 ank <* 20,000,000 ns date Dec. Bensonhurst Nat Bk 200,000 200,000 300,000 600,000 600,000 Fort Greene Nat Bk. Klngsboro Nat Bank Lafayette Nat Bank. People's Nat Bank.. Brooklyn Trust Co: Common Capital notes Kings Co Trust Co.. Buffalo— 1,000,000 500,000 1,434.900 1,709,500 1,972,900 2.582,300 100 4,890,500 "loo Debentures Llncoln-E Side N Bk 25 100 100 r8,200,000 15.392.179 2,000,000 500,000 6.768,387 "35"" 95,841,468 jioo 166 45,768,037 83,331,966 1,614,313 ( 25 Capital notes Central Trust Co "so"' *80'" 117 1800 1830 Common 15 185* Common Chemung Can Tr Co First Nat Bk & Tr Co 18,000,000 6,000,000 J10069244 147,595,604 800,000 rl ,470,379 1,237,500 807,379 9,508,059 11,516,231 1<32 250.000 Tompkins Co Nat Bk 200,000 Ithaca Trust Co 400.000 Nat Chautauq Co Bk Common.... Preferred 193* 7 73* 20 First NBkof Rondout 90 100 2.500.000 rl ,468,696 310,032 200,000 410,960 5,677,590 250,000 1 625,000 f 306,598 2,740,129 200,00U 480,204 12 13 100 225* | <20 103 100 j 25 "20 9 75* 100 "46"" "55"" 100 100 1785 L735 50 25 20 20 25 18 21 22 9 25 13 16 20 80 100 500 90 700 12 | <30 250 28 115* 65* 25 155"" 20 25 . 37,449,862 7,275,391 166,218 146,591 617,024 4,677,518 3,310,248 8,367,531 779,551 500,000 61,500,000 cl,129,044 10,574,342 15,898,798 145,068 Nat Bk. i 25 50 101 30 13 7 145* 135* 100 625* 110 _____ _____ 180 5 5 6 20 20 21 500,000 300.000 500.000 100 50 25 N 0 re cent sa Norn les prices 100 10 v First Nat Bank — 150.000 1,675.148 1,211,589 3,197,646 r 6,492,320 ew York Ci ty banks are plus and pr ofits are of New Rochelle Tr. Ossining Trust Co Secti on, pages 650,000 147, 148, 1 2 4,741,425 20,000,000 131931 681 319,759,000 3,000,000 111,000 1,000,000 2 4.500,000 50,000,000 7,000.000 500.000 500.000 First National Bank 10.000. 1.500.000 200.000 Merchants Bank 400,000 Nat Bk of Yorkville. Nat Bronx Bank.. National City Bank: 600.000 525.000 ^7,572,622 51,312,000 227,700 / 1,731,500 r3,148,900 40,861,000 73,717,022 393,488,000 1,236,456 /22,407,478 73,000 2 611,000 116,000 2 1,454,000 72,100 / 2,095,900 192,100 / 4,875,400 77,500,000 136046504 1104910000 50,000,000 / 1.428,600 150,500 / 5,163,900 300,000 Penn Exchange Bank d 330,000 Public Nat BkATrOo 8.250,000 5.000.000 1.500.000 IN Y__ flflO.OOO Anglo-South Am Tr. 1.000.000 Bk of Athens Tr Co. 500.000 Banca Com It Tr Co 2,000.000 Banco di Nap Tr Co. 1,000.000 1.800.000 250,000 200,000 177,117 118,024 1,271,454 2,199,915 IOC 3,435,496 50 100 Common 100,000 Preferred 500,000 J 468,709 200.000 131,940 2,295,885 Bk A Tr Co 500.000 Mutual Trust Co. 300,000 118,703 101,000 128,445 168,402 4,481,920 2,579,000 2,616,989 1,860,777 lea 122,000 2 1,207,000 4,860,563 78,791,000 1,654,294 2 9,340,124 1,004,900 /19,487,700 115,110 2 3,344,223 509,274 3,863,098 227,358 2,663,650 1,100,022 10,163,470 711,216 6,354,979 450,000 6,843,000 20 20 20 10< 10 Pleasantville— r'ednei Mar. dend klyn and 5 r rrt e '34 cord be ay 30 BATrCo N. Pleas Chester—1st J 275* 146 250.000 Nat Bk. Tnrrytoum N BATrCo 200.000 White Plains— Citizens Bank.. 400.000 Hye—Rye 50,151 285* Mt Port 305* 40 29 156 20 100 20 100 100 545,458 6,401,170 200,000 1 25,600 200,000 500,000 rl,343,421 1,690,101 25 7.908,942 100 300,000 298,000 4,310,000 10 29,412 6,046,884 [20 c Peoples N B A T Co: Common County Trust Co. Yonkers—First Natl Bank in Yonkers. . a Yonkers Nat Bank I626" i070~ 1630 A * Sale a Dec. "30" "40" 15 20 265* 285* 55* 8 5* 7 32 34 18 195* 28 32 400,000 400,000 ,a 20 / 7 price. 30 1933. Vernon Trust Co., which March 1933, reopened c } 75* Co— Trust Common Preferred 1670 b Mt. 1 962,383 2,294,806 4,117,799 12,489,059 Westches Co Nat Preferred Grace Nat Bk of N. Y 140,474 292,193 878,620 300,000 Peekskill— 0 re cent s& 20 300.000 450.00U 400.000 Central Nat Bank. 25 67,518 109,770 391,227 805,000 Preferred Bank of Sicily Tr Co. 21 j 20 20 2,000,000 r2,260,903 682,270 600,000 A Trust Co Dunbar Nat Bank.. Bkg Corp. Sterling Nat B A T.. "395* "415* 25 20 200.000 12 790,774 Oomm'l Nat Bk & Tr Schroder 185* 100 11,743,070 6,808,440 46,390,866 26,048,186 Ossining—1st Nat Bk 100270000 161374763 1332860000 Preferred stock 17 u? 21,162,531 7,744,528 5,336,784 3,213,589 10 3,578,841 Common Common 360 100 300 321,355 333,596 52,310 Mt Vernon Tr Co. 375 Chase Nat Bank: Preferred 260 355 (100 Westchester Co— Bk of the Manhat Co NatSafetyBk&TrCo Capital stock " 240 100 1,033,651 300,000 Mt. Vernon—1st N__ N "Rai tway Harbor State Bank-. Hit 100 100 600.000 20 1934. Sur are of June 2, A for National and Dec 3019 33 for Stat e banks. of banks and trust companies in New Yo rk City and Fifth Avenue Bank.. 20 10 100 <1,500,000 North'n N Y Tr Co. 10,588,229 J 426,359 150,000 Capital notes {-1-0 New Rochelle— 250.000 Kingston Trust Co.. New York City— Deposits N Common 535* 19 20 100 Watertown— 100 ~ State of N Y Nat Bk Bank of Yorktown.. 11 145* 515* f-r Troy— Manufactur Nat Bk. Oneida Nat Bk A Tr. 25 10 500,000 1,000,000 300,000 250.000 o 930,912 1,200.000 532,977 750,000 5,400,000 r3,242,116 Watertown County Bank of Kingston. Rondout Nat Bank Trade Bank First Trust A Dep Co Merch Nat Bk A Tr. First Citizens Bk A T 100 2,245,237 6,469,304 345,670 Ulster Amalg Bank of N V 9 5* 12 5* 5,581,944 13,207,513 Troy Trust Co 100 25 3,496,217 312,580 228,833 r 400,000 200,000 Capital notes. Kingston— our _ Huguenot Tr Oo_. Common "40** "50"" 8,996,801 460,259 r 494.086 750.000 rl,242,316 400.000 300.000 Citizens Trust Co... Schenectady Tr Co. Jr 985,207 National City Bank Union Nat Bank Union Trust Co: found in 40,622,887 Jefferson Co Nat Bk The First Nat Bank. Nat'l Capital notes.. Schenectady— Syracuse Trust Co.. 18 Jamestown— Debentures "A"__ Debentures "B"__ 20 Utica— Ithaca— First National Bank. Bank of Jamestown: Common 95* Syracuse- 50 u? 41 Union Trust Co: 112 Marine Trust Co: Capital notes.. Kliuira— Roch Trust A 8 D Co Lincoln Nat Bk A Tr J3,866,095 130 39 50 7,654,534 51,423,715 15,237,532 14,663,988 37,852,922 30,837,299 3,000,000 2,000,000 LIncoln-Allia Bk & Tr Union National Bank 5,500,000 11,874,327 3.000,000 200,000 27,563 76,150,714 625,136 1,000,000 2.000,000 r2,378,653 223,244 2,100,000 r 1,231,710 1.000,000 1,000,000 r3,018,910 300,000 1,749,191 First Nat Bk & Tr Co 35 Genesee Vail Tr Co.. 26,993,397 126 10 Rochester— 100 Mfrs & Trad Tr Co: Common } r7,314,749 Security Trust Co 5,000,000 5,000,000 __ J rl0,297,483 5,000,000 1,000,000 425,840,945 12,500,000 V>21,490,871 268,565,372 2,500,000 Capital notes 22,097,982 Title Guar & Tr Co.. 10.000.000 rl0655.800 278,739 3,683,237 Trust Co of Nor Am. 500.000 7,661.240 813,913 Underwriters Tr Oo. 1,000.000 U 8 Trust Co of N Y 2.000.000 r27264,207 59,399,719 Jamaica, L.I.— 1,357,000 26,000 Jamaica Nat Bank.. 225,000 Liberty Bk of Buffalo Common 32,935,000 25,000,000 Common. 3 0*1 933. 1,108,400 1,480.000 22,100 109,000 35,600 6,800 323,100 242,979 61,500 50,000,000 1 r57,612,822 467,735,661 5,000,000 6,738,870 700,000 807,298 2,000,000 rl, 313,079 31,927,350 Lawyers'CountyTr C Common Capital notes Capital notes..... New York Trust Co: Nat. banks Mar. 5 '34 Citizens Bk of Bklyn Flatbush Nat Bank- 2,660,077 514,673 J Henry Schroder Tr Common 100 jrl77,660,073 1.00U.U0U Capital notes Marine Midi Tr Co: 6,182,430 / 50 j r352,352 Tru st Co. retur 312,245 5 __ Common 8.856,392 floo i 80 J 315,585 20 Mfrs Trust Co: Binghamton— City National Bank. First National Bank: 7 Irving Trust Co: share. Per 100 63 20 41,773,149 2,806,767 6,016,165 10,000,000 rl2,018,282 500.000 350,041 r3.467,445 34,790,979 4,000,000 1 Capital notes 100,000 Corn Ex Bk & Tr Co i5.doo.oou rl6083,736 218,731,172 500.000 c Corporation Trust Co 112,700 57,500 Empire Trust Co: Common 3,000,000 \r 2,329,561 60,299,970 Capital notes_ 3,000,000 ' Federation BkATrOo. 825.000 737,000 6,150,000 Fulton Trust Co 2,000.000 2,600,553 15,072,656 Fiduciary Trust Co.. 1.000.000 9,299,000 1,178,000 Guaranty Trust Co: 1178744990 Common 90,000,000 Capital notes Nominal. Albany— 61 {.? 359 Farmers' Hellenic Bk Tr Co.. Mech A Farmers Bk. share. 351 J100 Common 50 Ask. Continental Bk & Tr: 100 60 25,000,000 Clinton Trust Co___ Colonial Trust Co Mechanics' & Bid. Per .9,885,360 132,319,350 Trust Co 175 100 r Bank City 20 100 Woodbury— Farm Par. $ 1933 Dec. 30 r6,000,000 1,000,000 Common Trenton— Broad St Nat Bank. Deposits. Capital notes 5,000,000 Bronx County Tr Co 999,007 10,379,691 1.550,000 Cent Han Bk & Tr Co 21,000,000 r61291,538 637,691,086 Chemical Bk & Tr Co 20.000.000 r47510,611 382,623,911 10 266,229 12,492,081 do te Capital notes Bankers Trust Co: 95 110 55 "45"" City (Concl.) co. returns Common 50 ""90" 50 25 1 100,000 U N Trust Co.. Cross Surplus & Profits. Bank of N Y & Tr Co 100 50 26 N. Y. Trust share. Per 100 709,823 10,813,355 420,363 March 5. Nomi nal Hamilton Trust Co— Preferred Capital. State Institutions Nomi nal. $ $ $ 680.000 50,000 First National Bank. H&ledon Nat Bank.. NEW YORK Match 5. March 5. .j, Capital. 111 COMPANIES TRUST AND has been on a restricted basis since without restrictions on June 5 1934. 1932. Dec. 31 Dept. on May 16 1934 approved the Pennsylvania Exchange Bank, New York City, to reduce $826,000 to $330,000 and to lower the par value of the shares d State Banking e June 30 proposal of the its capital from from $25 to $10. 1933. /March 5 1934. i Controlled by Marine Midland Corp. k Feb. 20 1934. I Last sale, 145 10 31 1934. r March v x New stock. Ex-dividend. z Dec. 31 — "12" 1933. ; , 113 BANKS COMPANIES TRUST AND National Banks OKLAHOMA March 5. Capital. State Institutions Dec. 30. Gross Surplus A Profits. Par. Deposits. Bid. Surplus A Profits. Ask,. Capital. Gross Bid. Par Deposits. Ask. Nomi nal. Ashevllle— Per Guthrie— First Nat Bk A Tr_. Common 51,098 20 1,646,224 150.000 First State share Per 100 75,912 61,654 2,220,158 1,105,418 75,000 46,288 1,250,000 2,215,898 1,710,550 3,583,871 N o 100 re cent 500,000 33,799 285,344 247,579 5,392,106 100 sa les 200,000 5,000,000 300,000 59,661 1,704,468 83,746 4,115,072 100 100 150 18 75 185 41,011,655 5,480,341 100 90 110 391,560 12,266,885 100 Bank... 100 McAlester— Charlotte— 500.000 500,000 Mer A Farm N Bk__ 6 200,000 Union Nat Bank 300,000 American Trust Co.. 1,200.000 Independ'ce Tr Co.. t/1,000,00. Charlotte Nat Bank. Commercial Nat Bk. ' 563,338 610,994 504,733 533,204 1,148,915 884,364 100 2,787,209 3,978,999 1,547,179 4,387,859 29,886,061 2,380,778 70 100 100 110 100 100 100 150" 100.000 Nat Bk of McAlester First Nat Bk of Mca 100.000 140 100,000 300,000 Citizens National Bk Commercial Nat Bk. First Nat Bk A Tr Co 100.000 Bank. 59,415 899,612 114,672 90,659 500,000 Fidelity Bank Depositors Nat'l Bk 400,000 Home Savings Bank Mech & Farmers Bk 100,000 114,000 100,000 Common Preferred Greensboro— 48,818 688,274 100 30 25 71 75 992,188 1,656,578 20 632,650 25 "35" 40" Oklahoma City City Nat'l BkATr Co First Nat Bk A Tr Co Fidelity Nat Bank.. Liberty Nat Bank— / 25 600,000 600,000 500,000 100,000 500.000 Common 1100 Preferred A Preferred B 100,000 100,000 50,000 Common 300,000 151,729 Preferred 300,000 Preferred 50 75 100 45 10,785,270 Guilford Nat Bank— Common.. 25 100 Muskogi 136 Durham— Nat $ 100.000 50.000 First National Bank. 20 150,000 . Preferred Citizens' Nomi nal. share. Oklahoma Nat Bank. Tradesmen's Nat Bk 10 578,907 10 • 20 21 100 100 1,557 175,123 534,770 46,318 110,440 HIM 60 80 100 125 160 20 10 15 20 711,416 12,045.871 6 29,603,736 3,620 950 4,036 905 Security Nat BankTulsa— 10 5,869,518 10 N Wilmington o re cent - People's 8av Bk A Tr 200.000 Wllm 8av A Tr Co.. 300.000 54,589 426,662 25 1,949,094 5,496,212 •a First Nat Bk A Tr Co Fourth Nat Bank... Nat Bk of Oom'erce. 2,500,000 250,000 200,000 Nat Bank of Tulsa— lea Common. 10 2,000,000 12,217,688 4,000,000 Preferred Wilson— Branch Bkg & Tr Co Common 400,000 400,000 100,000 Preferred Nat. Bk of Wilson 428,595 690 f 10. 1 33,61 20| 12,146,483 flOO 1160 70,157 25 1,450,081 Winston-Salem— First National Bank- National Banks OREGON March 5. State Institutions March 5. 100,000 100,000 Common Preferred Farmeis N Bk & T Co Wachovia Bk ATr_ 600,UUU s 2.500,000 46,200 1,412,638 nal. 100 1,339,804 49,720,359 100 share. Eugene— 200,000 150.000 157,864 53,966 3,387,653 1,402,494 100 100 First National Bank. 02.500.000 300.000 1,316,212 645,177 110,292 50,527,831 838,567 2,306,669 '166 4.000.000 3,131,937 76,660,931 20 First National Bank United States N Bk. National Banks NORTH DAKOTA March 5. State Institutions Dec. 30. Portland— Nomi nal. Fargo— Dakota 9 12 20 Per Nat Bank.. Merch Nat Bk ATrOo 150.000 50,000 1300,000 d250.000 Nor A Dakota Tr Co 150.000 Fargo National Bk— First Nat Bk A Tr Co National Banks 116,645 84,521 232,898 74,334 80,989 OHIO March 5. g Portland Tr A Sav Bk United 100 2,116,393 100 1,008,247 5,248,871 1100 2,519,052 d 25 100 524,786 State share Security Sav A Tr Co 0 re I 105 1 31X 32X cent sa 110 105 100 Nat'l States Bk... N 500.000 les Institutions March 31. Nomi nal Nomi nal. Per share. Akron- Allentown Nat Bank Merchants Nat'l Bk. Dime Savings Bk Co Common 71,848 200,000 500,000 100,000 200.000 Capital notes Goodyear State Bk_. Firestone Pk Tr A SB 42,157 426,560 Second 7,280,690 ( 100 2,228,986 11,457,319 100 re cent 100 sa N 500,000 Geo D Harter Bank. 2,300,000 Ies 1,162,591 416,017 10,719,879 7,934,178 100 1400 Nat Bank Columbia Bk A S Co First National Bank. 1,067,198 140,075 First National Bank. Central Trust Co— 159,364 6.000.000 e5,108,227 225 250 Flrst National Bank. 80 Marine Nat Bank— 10 70 10 12 Second Nat Bank 100 115 118 8,011,699 2,655,029 1,391,262 100 100 54,544,440 Bank.. Northside Bk & Tr Co People's Bk & Sv Co Prov S Bk & Tr Co. Second Nat Bank... Bo Ohio 8 Bk A Tr Co Western Bk & Tr Co 170,558 1,153,484 58,088 150,000 2,843,110 850,382 307,612 276,273 4,119,175 6,997,841 1,886,966 1,958,799 31,166,812 10,190,289 4,617,884 11,146,932 4,000,000 2,500,000 1,559,770 53,052,521 40 100 130 145 50 50 75 50 100 10 100 100 10 Capital notes Fifth-Third-Union J1O0 9,302,865 6,975,618 4,993,999 5,494,761 100 150 150.000 250,000 249.300 366,546 399,089 249,288 5,273,799 2,700,846 1,511,061 10c I 300 125,000 660.000 600,000 600,000 327,480 648,974 171,272 1,225,640 1,498,998 9,944,210 6,370,604 7,029,110 100 5,000,000 12,303,940 5,000,000 J 156"" 100 100 I 50 I 50 655,370 13,553 645,035 60 246.350 1,777,735 4,411,313 2,717,013 2,191,043 8,637,016 5,208,153 1,987,539 50 300,000 400,000 937,800 400,000 400.000 250,000 228,196 857,747 910,281 1,246,409 1,013,045 1,145,490 413,613 620,038 1,042,118 457,686 180,000 7,921,674 8,171,108 5,695,832 1,319,462 3.040,000 6,595,768 1.125.000 455,048 r2.000.000 si,212,854 41,220,445 4,362,941 9,041,000 Harrisburg— "20" Harrisburg Nat Bank 82 87 Central Trust Co— 75 100 Common wealth Tr Co 2 5 Dauphin Dep Tr Co. Harrisburg Trust Co 50 75 Union Trust Co 25 25 20 100 100 100 Lancaster— 200,000 600,000 Lancaster Co Nat Bk 300.00ft Northern Bk & Tr Co 75,720,165 1100 18 100 204.200 Preferred Union Trust Co Fulton Nat Bank— Capital notes.. 49 10 9,152,061 300,000 I 300,000 ' "l§" 300,000 Conestoga Nat Bk_. Co— Common 44 100 Allison-East End Tr. 100 Central Trust Co— Common . Common 797,000 500,000 150,000 700,000 1,800,000 1.000,000 250.000 2,250,000 1,687,498 2,456,014 1,350,139 825,819 Security-Peoples Tr- Norwood-Hyde Park Bk & Tr Co 12 .000.000 .000.000 450.000 500.000 Altoona— Bank of Erie Tr Co.. 400,000 500,000 100,000 cip share 150 135 100 25 Erie— 100 Cincinnati— Olnn Bk A Tr Oo__. Trust Bank.. Altoona Trust Co— First National Bank. Lincoln Nat Nat Lehigh Vail Trust Co o Canton— Atlas Per Allentown— 39 42 20 170 20 147 1110 50 10 Cleveland— 100.000 261,763 3,002,692 2,638,677 575,489 f 611,709 87,643.013 2,472,759 8,804,892 20 100 100 1,446,521 82,730,050 f 20 Philadelphia— 100 n5.000,000 Olev Sav A Loan Co. 250,000 Lorain Str Sav A Tr. l 500.000 Amer Sav Bank Co.. Central United Central-Penn Nat Bk Nat Bank National City Bank Common Preferred North Amer Tr Co Cleveland Trust Co Common Capital notes Union Sav A L Co. Columbus— Brunson Bk A Tr Co City Nat Bk A Tr Co Columbus Saving Bk Fifth Ave Sav Bk Co Huntington Nat Bk Market Exch Bank.. Northern Sav Bk Co Ohio National Bk. Dayton— Merchants' Nat Bk A Trust Co.... Third Nat Bank A Trust Co Winters N Bk A Tr. Toledo— Commerce Guard Bk 4,700,000 4.000,000 10 11M Commercial Nat Bk. A 130 12 15 14 20 Glmbel Bros Bk A Tr 3,377,105 13.800,000 15.000,000 900,000 >6,648,874 242,883.480 100 567,067 2,212,826 100 Nat'l Bk of Olney— Common 250.000 1.200,000 100,000 C 200,000 2,000,000 100,000 200,000 c4.000.000 30,072 1,610,320 66,723 71,654 1,272,613 227,202 12,608 2,882,001 1,786,035 15,869,951 859,873 1,640,655 29,874,320 2,769,933 751,872 40,404,187 100 Preferred North Broad Nat'l Bk Northeast Nat Bank 200.000 147,715 3,212,620 100 287,914 636,394 7,256,678 17,653,174 100 i 553,313 8,131,796 25 200,000 I 200,000 600.000 99,539 s Kensington Nat Bk. > 63 68 10 100 C-_ N o 100 re cent 100 100 sa Market St Nat Bk_. NatBkofGer ATrOo 500,000 1.000,000 600.000 Preferred Dollar 8av A Tr Co Mahoning Nat Bank Mahoning Sav A Tr. Union Nat Bank.. City Tr A Sav Bk-.. 24 8,061,451 57,085 4,805,764 60,543 512,162 3,945,746 1,485,404 100.000 1 50,000 68,414,728 1,246,203 62,308,214 1,767,150 6,532,441 26,929,420 10,226,724 Reopened 20 36 100 24 28 inn 258 268 100 50 ""34" 100 28 38"" 260 10 '29X Apr. 24 '34. 100,000 10 60 IX 2X 25 ""56" "58"" 30 1933. Member of the c plan approved by BancOinoiOorp. the Comptroller of the Currency. d Member First Bank Stock Corp. 3,182,117 flOO 1125 100 5,000,000 1.1,559,545 5.000.000 53,256,198 iijito effect on May 24 1934. 0 h Trust funds. cent I Member Northwest Bancorporation. les k Fractional Bhares. 50 15 ' e April 14 1934. / Charter issued to the First National Bank of Winston-Satem, N. C., which will succeed the Farmers National Bank A Trust Co. of that place. g Merger of the Security Savings & Trust Co. of Portland, Ore., with the First National Bank of Portland, of which it was an affiliate, went 25 Toledo Trust Co— ..... 25 les a 1,213,984 3,383,468 600,000 23 X 19 10 20 119,190 205,345 ! 4.550.000 500,000 3.111,000 200,000 350,000 1,000,000 400,000 250,000 546,688 123,762 200,000 64,925 1,612,661 NorthwNatBkATOo b 500,000 si,561,901 4,258,000 Philadelphia Nat Bk 14.000,000 19,585,786 283,209,861 b Reorganization Spitzer-R T A 8 Bk! Capital notes.... Toungstown— Co 100 Common Common Trust Erie National Bank. First National Bank. 106,679 200,000 I 10 100 Corn Exch Nat Bank Nat Bank of Toledo Citizens Trust Co.., City National Bank. - I Last sale. 1.250.000 1.000.000 a 150.000 a 1,250,000 750.000 462,169 332,855 111,636 1,504,948 350,000 50 ISX 20 X 12,715,255 50 61 5,649,277 1100 1,930,651 100 100 k 13,164,310 10 15 25 6,715,997 Stockholders of the Central United National Bank of Cleveland, 0., May 1934 approved the issuance of $8,000,000 in 4% preferred stock n In of $16 par value. r The Commercial National ceivership S 0 y on Bank May 23 1934. Dec. 31 1932. Oct. 10 1933 In process of reorganization. of Philadelphia, Pa placed in re¬ June, 1934.] banks trust and companies r Surplus A Profits. Capital. Par. {Concluded.) « Per 65.000 85,000 1,225,640 327,502 273,280 50,136 4,599,545 200.000 11,146 1.000,000 325,091 1.000.000 n 360,000 250.000 127,451 6,700,000 15,905,092 2.350.000 n7,784,463 600.000 1,514,839 1.400.000 2,514,953 4.000.000 9,828,651 882.250 2,968,490 Tioga Nat Bk&TrOo Tradesmen'sNational 300.000 Bank 8c Trust Go. 3.300.000 Wyoming Bk 8c Tr_. Banca Com It Tr Co. Broad Street Trust.. Chestnut Hill T & Tr Fidelity Phila Tr Oo Finance Co of Pa.— Frankford Trust Co. Qermantown Tr Co. Glrard Trust Oo Industrial Trust Co. share. 15 12 ion .50 "4*" 1 1 1 1 > 112 1 1 8 315 210 10 25 10 15)6 17 10 77 79 10 11 13 325 225 " Integrity Trust Co— Common 10 995.973 4,000,000 3,000.000 JS1241622 32,665.004 Bk 8c Trust Co... ol ,300.000 12,183,347 Liberty Title 8c Tr Oo 1,000.000 8,207,797 4,889,615 3,843,093 15,244,284 8,749,005 4,922,860 1st preferred 2d preferred 3H 4^ 10 10 1,282,441 317,772 1,780,370 500.000 3,450,696 500.000 nl ,076,163 Mitten Bk & Tr Co Ninth Bank & Tr Co Northern Trust Co.. Nor Phila Trust Co. Penn Co for Insur on Lives 8c Grant AnD 1,500,000 . Tr 8c Safe Dep Oo. Penn W'h'g & S D Oo Provident Trust Real Est Tr Co Real EstL'nd T&TCo 1.375.000 50 16 100 400 50 High St Bk & Tr Co 30,182,137 991,303 3,230,143 25 49,262 823,314 (io 52 t 270,146 202,977 500,000 850,000 450,000 Providence Nat Bank 1,500,000 Industrial Trust Co. 4.000,000 Lincoln Trust Co t 125,000 Rhode I Hos Nat Bk. 2,500,000 Rhode Isld Hos TrCo 5,000,000 Union Trust Co 1.000,000 752,060 1,058,260 2,133,123 9,635,156 162,843 2,590,915 1,896,886 1,478,431 200,000 100.00(1 Bk. of Amer. Tr. Co e Braddock Nat Bank. 270,668 500,000 City Dep Bk 8c Tr Oo 1.000.000 Dollar Savings Bank d Farmers Deposit Nat 6.000.000 ... First National Bank. Forbes National Bk. 6.000.000 300.000 Fourteenth St Bank. Freehold Bank Homewood Bank at 200.000 200.000 215,000 160,160 n 80,881 n 335,238 1,282,903 4,507,882 8,490,185 4,319,007 322,157 45,883 nl ,076,058 2,500,000 917,583 1,003,089 10,276,166 14,697,055 45,761,048 66,785,670 71,818,981 5,710,024 2,859.649 1,509,064 54,982 100.000 1,053,682 404,061 172.700 3,324,793 600.000 il,136,596 3,977,492 Mellon Nat Bank... 7.600.000 18,143,148 222,373,509 Nat Bank of America h 200.000 339,612 4,086,416 Pittsburgh Iron <Sc Glass Dol Sav Keystone Nat Bank Ohio Valley Bank.. Pitt National Bank. Union National Bank Union Savings Bank Western S 8c D Bank Allegheny Trust Oo. Colonial Trust Oo P Woonsocket Trust Oo 450.000 29 45 lfto 392 402 8* 50 59 63 r 10 11X 330,352 Bank & Trust Oo People's Tr 65 80 10C 185" 100 170 Potter Title & Tr Oo Provident Trust Co South Hills Trust Co Union Trust Oo 125.000 1.600.000 Washington Tr Co.. 500.000 West End Bank William Penn Tr Oo. 200,000 126.000 March 5. 7,685,703 (7100 100 3,848,124 100 .395,879 11,875.936 1100 N sa share. 0 ent les (100 198,754 12,775,939 100 200,000 49,242 2,479,557 10 8 10 250,000 398,372 471,695 4,729,136 3,241,836 100 195 16 200 200,000 National Banks 56 10 16)6 SOUTH DAKOTA March 5. 50 Citisens Nat Bk & Tr Corn Exch Sav Bank First Nat'l Bk 100 100 lor 50 40 138 125.000 & Tr. 200,000 Security Nat'l B 8c Tr 100 106 Nomi nal. Per share Sioux Falls— luo 250.000 47,136 50,715 153,155 274,328 100.000 1,255,473 1,025,385 3,418,033 4,104,375 100 100 N National Banks TENNESSEE March 5. 60 100 90 100 88 re cent 100 sa 70 80 State Institutions 100 Nomi nal. Chattanooga— Amer Tr & Bkg Co.. 625,000 789,929 6,881,859 J 145,099 5,347,330 J100 1,013,589 28,024,568 76,265 383,507 125,516 849,598 15,348,283 3,625,054 Per 125 sha 150 160 100 150 Commercial Nat Bk: 100 70 Common. 77 Preferred 50 Hamilton Nat Bank. Knoxville— 60 250,000 400,000 2.000.000 Gomm'l Bk & Tr Oo. 200.000 ^amlltonNatlonalBk a ISOO.OOO Park National Bank- 1,000,000 1100 "9§" 100 % 5 7 130 142 100 Memphis— 20 First National BankNat Bk of Commerce 100 5800 70 6100 82 1.000,000 1.000,000 State Savings BankUnion Planters' Nat'l 50.000 1,197,212 1,091,646 64,000 28,618,698 19,770,884 1,220,500 100 Bank 8c Trust Oo. Nashville- 100 inn 106 les March 5. 95 100 50 25 0 100 50 155 100 3,500.000 2,671,843 39,861,875 10 598,731 32,940,096 I 10 9)6 10)6 420,588 462,392 4,789,788 8,152,755 26 "80" 85"" 50 50 100 218 222 100 200 210 250 12H 11H American Nat Bank 1,939,281 100.000 8,908,440 50 310 Common 400 Preferred Beading— Broadway Nat Bank Farmers Nat Bank A Trust Co 738,213 pi .000.000 i Berks Oo Trust Co.. 1,500.000 1,458,710 City Bank & Tr Co.. Reading Trust Co 120 100 Worklngman's Savgs Bank 8c Trust Oo. 115 GreenvilleFirst National BankPeoples Nat Bank 100 27 500.000 150.000 2600 180 25 6.000,000 20 2456 111 0 61,571 1,000,000 I 800,000 750,000 210" (d) Pittsburgh Co 185 15 2,583,557 507,383 153,791 40,197 50 20 200,000 185 First Nat Bk of Col. 50 106 50 900,894 70,788,135 975,894 4,727,636 172,048 743,725 320,769 1,511,813 ,347,525 195,854,913 908,000 4,355,000 110,000 1,690,488 167,000 1,247,000 2.000.000 180 175 Columbia— 100 50 Fidelity Trust Co HaxlewoodBk ofPitts Hill Top S & T Co. Manchester Savings .. 75 45 1.320.COO _ 50 50 Deposit Tr. 48 118 rec Common Preferred. 1,508,846 Farmers 125.000 20 112 Per 500.000 200.000 50,000 Miners 8c Merch Bk. South Caro Nat Bk— 10 371,784 1.500.000 110 15 45 CharlestonCitizens 8c Sou Bank 0 Carolina Sav Bank- UH 250,000 Oom'wealth Trust Oo Dormont 8 & T Oo 100 Nomi nal. 10 100 160.000 250.000 700,000 2.600.000 60 958,125 50 4,588,135 50 6,333,597 50 3,346,456 100 10,491,660 111,296,492 100 25 843,595 37,858,363 JfclOO 46,841,751 1000 20,456,293 100 SOUTH CAROLINA March 5. 787,972 6,332,191 23,264,790 26,713,722 2,396,599 6,100,527 25,066,262 11,917,187 1,677,553 151,638 14,144,896 700,000 1,818,820 700.000 2.000.000 1.000,000 n 63 12)6 415 43,654 344,120 4,257,002 3,092,620 581,100 772,018 1,133,722 1,815,231 116,137 997,612 8,534,045 120,000 428,495 100.000 60 10 Pittsburgh— Arsenal Bank 65 Woonsocket— 8o Carolina State Bk Allegheny Val Bank. 47 10 120,000 Mechanics' Nat Bk. NatBank of Com&Tr Phenlx Nat Bank 60 51H i 8,767,280 7,500,000 7,500,000 Preferred- 11 60 8,400.000 13,684,225 202,738,711 841,690 750.000 n 803,360 3,200.000 13,793,880 37,799,319 1.500.000 2,328,363 8,418,733 Common 50 42 7 39,920 555,902 share 6,288,073 J 60 | 50 ou 433,367 100 3,115,371 100,000 I 100,000 Preferred Kensington Security 10 216,510 500.000 Blackstone Can Nat. Columbus Nat Bank: Common i§* 66 100 100 Alt. Providence— 125 10 7)6 Newport Nat BankNewport Trust Co.. 1 100 50 Per 300,000 250,000 120,000 300.000 Preferred 100 • Bid. Nomi nal. Common 100 ■ Par. Bank 8c Sav Co 15 25 Cross Deposits. Aquldneck Nat Exch 20 16 30,713,549 1,228,354 1,586,466 990,000 858,782 97,689,708 594,102 7,104,509 13,510,286 98,679,746 8,196,500 Southwestern Nat Bk Surplus A Profits. s,a"A^,Um' Newport— nal. 50 1,119,000 7,029,110 4,237,000 1,568,000 1,162,643 600.000 300.000 300.000 RHODE ISLAND Capital. Ask. Bid. Nomi Roosevelt Bank March 5. Cross Deposits. Philadelphia Second Nat Bank Sixth Nat Bank National Banks 113 300.000 1,170.300 30 285,000 3,160,055 6,931,646 9,144,213 2,606,012 9,224,573 163,400 3,038,105 171,426 347,000 97,346 799,607 71,896,476 760,882 2,108,000 825,783 25 5H 10 lu Commerce-Union Bk Nashville Trust Oo— ..... 5 "Is 18)6 3.000,000 1 4,000,000 300,000 800,000 i Common lioo 500,000 V 1,000,000 600.000 Preferred Third National Bank 500,302 227,291 10 19 21 8,256,474 /100 uoo 101J 13,885,768 (h) 100 128 132 Scranton— E. Scranton State Bk First National Bank Green Ridge Bank.. 200.000 5.000.000 200.000 North Scranton Bank 500,000 Providence 200.000 Bank... n 50 60 National Banks 60 26 March 5. 25 88,434 200,000 300,000 Preferred South Side Bk 8c Tr. Third Nat Bk&TrOo West Side Bank Pennsylvania Tr Co. 400,000 1.000.000 50 250.000 250.000 1,717,164 735,982 582,285 379,872 112,395 3,806,015 15,306,909 2,365,734 1,767,615 80 60 26 Preferred stock— 100 25 First National Bank. 750.000 500.000 2,600,000 1.000.000 499.000 500.000 1,513,227 195,443 5,204,495 2,935,333 1,159,130 819,917 8,104,621 1,065,411 21,394,573 14,058,052 3,321,807 7,258,556 Preferred 100 60 250 300 60 60 100 75 105 425 First National Bank. 400.000 400.000 Secur St Bk 8c Trust 125.000 475 100 25 17 19 66 105 ♦Sale 110 a Williamsport N Bk W Branch Bk &Tr Co Common - Preferred 1,561,753 10 e 10 310,807 2,972,582 20 225,000 500,000 336,934 3,174,440 10 500,000 180,093 398,908 560,533 224,247 502,853 783,815 323,205 724,067 1,258,115 Industrial Nat Bank. Western Nat Bank.. York Oo Nat Bank.. York N Bk 8c Tr Oo. Guardian Trust Oo. York Trust Oo 150.000 500.000 125.000 225.000 300,000 500,000 500,000 750.000 1,943,479 2,370,561 5,254,552 1,272,059 3,096,347 4,091,396 3,087,483 2,881,949 5,396,650 N rec o ent 35 40 les 100 100 100 April 30 1934. In process Security Corp. of reorganization. mutual savings bank. The Bank of America Trust Co. of Pittsburgh, Pa., placed on a re1934 by the Pennsylvania Banking Department. /The South Philadelphia National Bank, a new institution, organized succeed the Southwestern National Bank and the Sixth National, of Philadelphia, Pa., expected to open for business about June 1, instead of May 1, as previously reported. both 10 10 7,038,882 9,953,985 1,061,480 to 10 10 358,324 593,519 14,490 stricted withdrawal basis on April 19 York— Oent'l Nat Bk&Tr Co Drov 8c Mech N Bk First National Bank 100 1,310,529 J100 uoo price.. b Member of First d A 130,091 100 Beaumont— c 250,000 200,000 250,000 62,866 5,293,421 11,107,459 sa Williamsport— First National Bank Common 288,078 584,875 100,000 100.000 Capital Nat Bank— Capital stock American Nat Bank. Hanover Bk 8c Tr... Miners Nat Bk of W-B W-B Dep 8c Sav Bk. Wyoming Nat Bank. 300.000 300.000 Austin Nat Bank 26 26 Wilkes-Barre— Second Nat Bank Nomi nal Per share. Austin— American Nat Bank. [50 175 n Institutions March 5. 50 oo Scranton Nat Bk— Common State TEXAS 80 10 18 16 24 17 100 190 101 175 26 31 26 26 28 26 59 10 16 64 17 i90" 35 Affiliated with the Citizens & Southern National Bank of Savannah. Ga conservator appointed. 31 1932. ' k Stock all owned by the Rhode Island Hospital Trust Co. 0 h Federal 1 Dec 1 Last sale. n 0 Dec. 30 1933. Kensington-Security Bank & Trust Co. of Philadelphia, Pa., will prob¬ ably resume normal operations early in July. p Reorganization plan approved by the Comptroller of the Currency, r October 25 1933 ^ s Recapitalization of the Integrity Trust Co. in accordance with the became effective on May 291934. amendments to its articles of incorporation t Feb. 21 1934. zKx-dividend. ^ t No par. I hanks 114 National Bankt March 5. State texas National Banks Institutiom Surplus Gross Par. Deposits. Bid. Profits. Capital. Ask. State virginia March 5. March 5. Surplus & Profits. Capital. companies trust and Institutions March 5. Gross Par Deposits. $ % 8.000.000 Dallas— Bank. First National Per Common 150,000 100,000 — Capital notes | 1,850,770 32,612 1.000.000 1,000.000 Common Preferred J100 110 & 125 4,000.000 U,160,288 2,000,000 209,017 150,OUU 755,392 1.000,000 — Preferred 406,598 320,771 3,691,927 2,838,673 100 500.000 200.000 80,413 share. 100 On Co Trust 12 13 X 22 23 l^oan 673,028 Corp Com'l Tr & Sav Bk: .. 53,869 397,660 3,781,718 250.000 77,653 435,506 642,151 584,634 2,944,370 2,249,872 23,247,548 11,958,375 75,000 150,000 Preferred Lyncnnurg Tr & 8 B Norfolk— 175 24 "25" Mer & Mec Sav Bk.. Merch & Planters Bk 100,000 75,000 Common Capital notes Texas Bank & Tr Co: j 125,000 100,000 Common Capital notes._ 1,293,453 23,683 j J100 883,241 5,249 125 2*>.oon Nat Bk of Commerce 2,000,000 Seab'd Citlz Nat Bk 100 2.000 .OOU 10 J 20 300.000 300.000 4,917,631 12,950,864 Co 12,445 259,784 28,635 9,606,212 100 Common 750.000 J 430,165 Trust 20 1 20 1,500,000 U.009,745 1,000,000 12,207 200.000 17,342 250.000 Preferred.. Stockyards Nat Bank Union Bank & Tr Co 535,274 Common iuu 100 Preferred Mech & Mer Bank 100 o cent 342,174 178,325 750.000 1.000.000 7,729,742 8,911,504 1 Common Preferred 15.049 100,000 1,357,000 50 100 Sav Bank & Tr Co ■, Southern Bk & Tr Co City National Bank: 156,149 300,000 I 300,000 Preferred d ,000.000 726,088 First National Bank. 137,890 Houston Nat Bank.. ol .000.000 607,131 1.000.000 Second Nat'l Bank.. 3,5)0.000 2,885,118 Nat Bank of Comm 156,593 600.000 State National Bank 3,598.599 / 20 1100 38,068,200 .uu 7,609,950 i00 22,453,705 xOO 23,623,536 100 Common Union National Bank 1,000.000 1,500,000 200,000 362",456 600.00" l.760.00( 0 626,715 6,614,423 20 15 18 9,214,279 J 20 18 20 41 "44" 75 100 j 629,873 3.000.000 200,000 2,167,021 154,500 102,764 58,394 N o \100 50,983,512 1,419,951 463,897 Virginia Trust Co.__ 1,250,000 11,210,700 2,000,000 200.000 434,497 21,697 148,980 705,173 1,000,000 les ? n. 100 34,825,212 539,248 1,288,738 333,052 82' 4,661,167 19,730,602 2,311.778 i 12X 13^ 100 •100 SO"" 70 2,258,407 734,516 5,570,486 10 15 55 50 60 Roanoke— 110 Oslonial Amer Nat B 1.000.000 125 First Nat Exch Bank 110 125 Mountain Trust 1,000.000 800.000 100 loo' lOO 128 122,062 5,472,291 4,055,298 100 105 175 100 lOu 125 797,955 344,826 Houston Land & Tr sa 100 100 too 150 100 100 s Bk. 75 lOO 400,000 Fidelity Trust Co... Guardlan Trust Co.. re cent 100 41,495,679 702,520 Federal Trust Co... 100 loo' 5,358,905 19,634,674 898,577 South Texas Com merclal Nat Bank. 100 530,225 1,809,946 & Trust Co:. les 100 .. Poll'd & Bagby Tr Co State-Planters Bank 100 Houston— Citizens State Bank 4,974,128 1,000,000 50,000 First & Mer Nat Bk. 200.000 76,672 84,981 307,187 10 10 Central National Bk: 100 8,941,101 3,430,513 241,369 222,470 200,000 10 600,000 Bank of Comm & Tr 20 1 20 Galveston— City National Bank. First National Bank. Hutchings-Sealy National Bank U 8 National Bank.. 10 Richmond— 33,966,353 J 2,376,007 1,181,678 2,165,915 500,000 250.000 t Co__ Mercb & Farmers Bk Ft Worth Nat Bank: Common 82 Portsmouth— Citizens Preferred.. 90 78 iUU 83,134 515.000 American Nat Bank. 100 24,860,714 / 510 80 250.000 Preferred First National Bank: 750.000 100 475 106,802 200.000 1 200.000 Common Petersb Sav & AmTr 100 Fort Worth— Continental Nat Bk 75 mc Citizens Nat Bank— 100 100.000 750.000 Bank 197,439 850,716 a 100 100 Petersburg— El Paso— El Paso Nat Bank-. 100 869,916 300.000 Common— 58,393,786 J 20 1100 iuu 4.939,852 20 17,955,741 Oak Cliff Bk&Tr Co: Amer Bank & Tr 6,283,739 1.000.000 People's Nat Bank.. I Nat Bank of Comm. State National Per 644,625 1.000.000 First National Bank Citizens' Mutual Ind 17,367,517 J 20 1100 | 205,725 Republic Nat Bank & Trust Co: Dallas Bank & Tr 32 $ Lynchburg— share. 30 Lynchburg Nat Bank Mercantile Nat Bk— Common.-.-- 20 90,257,513 3,203,147 Bank: Liberty State Ask. Bid. Nomi nal. Nomi nal. iOC 100 LOO 100 National Banks washington March 5. 156" State Institutions March 5. 150 San Jacinto Nat BkOommon 300.000 Preferred 350.000 j 30 2,533.088 J100 57,317 Merchants Nat'l Bk. San Antonio- 3,149,443 2,759,050 100 share. 101 500.000 60,436 First National Bank. 8,000.000 2,101,866 Nat Bk of Commerce 700 100 2.600,000 2.600.000 1,786,217 886.850 424,954 84,607 85,685 139,947 358,824 5,252,055 75,062.018 36,580,575 15,201,317 12,094,592 1,279,981 1,395,230 3,390,919 2,540,042 500,000 85,514 2,967,650 500.000 280,989 9,731,242 J100 Preferred 500.000 Security State Bank. 25.000 Bpek & East Tr Co.. *1.000.000 200.000 Washington Trust Co 100 N o 58,900 377,490 264,655 100 805,180 16,323,307 <5100 100 2,907,819 re cent sa 818,480 199,216 12,097,716 ilOO 25 2,497,308 Pacific Nat Bank... Alamo National Bk: People's Bk & Tr Co 500.000 I 1,000,000 443.213 3OU.U0U Common. 53,059 942,710 77,517 525,007 583,499 22,458,858 3.005.739 12,999,912 100 8,958 70,113 499,625 3,332,162 2,233,242 .00 100 7,226,278 100 150 175 11,036,810 551,487 50 55 65 r 350.000 Nat Bank of Comm 600.000 National Bank ofForl Sam Houston 9.308.738 J100 100.000 r 500.000 150.000 179,887 250.000 So.Texas Bk.&Tr.Co 246,144 265,533 90,877 1,000,000 First National Bank National Oltv Hank i DM III l< I 200.000 300,000 500,000 550.000 Savings University Nat Bank uu Seattle Trust Co 100 o 100 cent Common 100 100 i c _ 25 * - 100 100 — - — - 105" 100 100 100 23 X 22 20 r mm mm m «• m mm mm mm mm mm mm 20 -» 20 25 42 H 100 47 Spokane— First Nat Bk in Spok d Old N B & Un T Co- 00 Waco— Citizens' Nat Bank.. 600 000 Bank Tower les Antonio Nat Bk r Sumitomo B of Seattle Uoo 1,200.000 San Per Seattle— Canadian Bk of Com 520,425 318,825 100,000 100,000 First National Bank. Preferred CommonwealthB& I Nomi nal. Uoo Port Arthur- 100 les Tacoma— Nat Bank of Tacoma National Bankt Slate utah March 5. Institutions 1.000.000 Puget Sound Nat Bk 600.000 March 5. Nomi nal. Per Ogden— 300.000 1.000.000 160,719 432,292 3,821,261 12,127,933 900.000 237,255 750.006 696,414 500.06U 494,116 7,938,325 13,048,985 10,162,848 Commercial Sec Bk First Security Bk NA share. L00 National Banks 100 0— March 5. _.. west virginiasu%lu'h,t'n' Salt Lake City— Contl Nat Bk&Tr Co First National Bank > Utah State Nat. Bank LOO 40 50 100 60 100 110 10U Norm nal. 70 Zion's Sav Bk & Tr: Common 1,000,000 500.000 Common Capital notes 749,668 12,975,705 3uu.uuo 191,593 1,406,659 in Walker Bk & Tr Co: Uthb Sav & Per Charleston— I rust t uu 110 100 "~76~ "66" 796,571 19,808,377 900,000 Capital notes 55 45 jioo 879,953 16,357,312 25 600.OOU 258,171 1,000,000 al,355,292 200,000 28,695 500,000 234,779 3,155,863 15,937,643 1,978,160 s 646,329 lOti 100 1,062,500 750,000 Preferred Kanawha likg & Tr. Kanawha Valley Bk. Nat Bank of Comm. 1,500.000 Common J100 share. Charleston Nat Bk: Central Trust Co.-. 40 100 100 _____ m mm mm mm mm mm mm mm m mmrn mm mm m,mmm mm Wheeling— vermont March 5. Institution.> Mutual Half Dollar Nomi Per nat. share. 106 101 500, 0(H) 100, 000 300, 000 37,621 573,599 571,338 119,749 572,343 903,700 3,683,695 4,175,814 1,080,509 3,623,008 1,388,818 16,125,866 75 Trust & Sav Barre— 1,129,432 4,726,199 Tr Co April 2. 72,015 376,033 1,795.300 Wheeling Sav Citizens Stale 100 000 600 000 Center Na'tonal Banks Bank Nat Bank of W Va._ Nat Exchange Bank. So Side Bk & Tr Oe. Granite S B & Tr Co 100.000 g 150,625 3,468,774 100 People's Nat Bank. Quarry H Bk & Tr C( 20O OOd 189,003 2,140,110 100 Security 205.000 73,000 1,754,114 100 536,746 ooo 304.859 72,000 5.264,893 4,432,748 620,000 106 6UU.UUU 1,090,000 14,396 4,111,228 106 407 500 184,462 3,013,601 106 115,697 2,034,237 flOO 100 N • re cent 29,078 150,286 1,083,942 4,163,935 20 sa les t 12 25 101 1()( mm mm mm mm - mm m m lot 100 101 120 80 uo 125 190 100 m mm Wheeling Dollar Savs 512,500 100, 000 500, ooo . Burlington— Chittenden Co Trust HowardNatBkATrCo Merchants Nat Bank Burlington Trust Co Montpeller— Capital H B A Tr On First National Bank: <*> 1 so 150.000 1 Preferred 240.200 100 OUU u 100.000 k LOf ' & 46 * Preferred c E 60.000 J 105,951 807,677 (100 100.000 J 272,426 2,434,860 225.000 100,OOU 155.810 350.808 Preferred Rntinnd rviiat ftn Member of the Northwest Bancorporation. Q Dec. 30 1933. k Dec. 31 1100 Preferred Common Member of the Marine Bancorporation. e i Member First National Corp. 100.000 Common Nat Bank Rutland Co Nat Bk: 1934. b Member of First Security Corp. 100.000 I 68.971 1.347,177 inn Member People's Corp. s LOl Controlled by the Joseph F, Meyer interests, r I 10 2,090,332 J100 1100 125,000 207 500 o ( 10 96,997 1932. I Last sale. Clement Nat Bank— Kiilington April 30 iuu Rutland— - Sale price. a Centra] Nat Bank— Common Co.. & Trust Co Common Montpeller Nat Bank Montp'r 8 B & Tr Co Trust Trust funds. t June 30 1933. _ u x Conservator appointed. Ex-dividend. 130 • J '• > JUNE, 1934.] ' National Banks State WISCONSIN March 5. Capital. La Crosse— Nat Bk of La Crosse. State Bk of La Crosse Institutions Dec. 30. Ask. Bid. Par. Deposits. Nomi nal. Per share. S 20 3.461.314 404,894 114,345 345.583 122,408 669.381 3,934.460 1,756,264 35 25 N o re cent sa les 100 e 100 HalifaxAmer Strte Bank... 664.708 44,020 400.000 3.313.759 180,448 663.062 100.000 i 52.416 Olty Bank A Tr Co— 1.482.348 300.000 i 59.561 Bast Side Bank d 1,263.313 200.000 136,769 Pint Wise N Bk 10.000.000 5.852,613 141.198.243 Home Savings Bank. 778.50^ 200.000 68,231 Kllbourn State Bk— 529.026 135,000 i 49.330 Lincoln State Bank: 200,00° i Badger State Bank.. d Oltlsens Bk of Mil.. d Marine Nat Kxch Bk Marshall A Ilsley Bk Mer A Farmers St Bk Mitchell St State Bk. North Ave State Bk. Park Savings Bank.. 16th Ward State Bk. 100,000 1 a 84,602 300,000 985.669 2.200,000 1.500.000 cl,532.244 d 130.930 200.000 15.655 200.000 ! 200.000 200.000 200.000 i State Bank of Mllw. 76.829 23.567 400.000 TeutonlaAveStateBk 104.620 475,000 i 200.000 400.000 c Vllet St State Bank.. West Side Bank Wisconsin State Bk_ Flrst Wise Trust Co. 28.546 3.280 131.326 775.013 271.755 553,379 300.000 1.000.000 520,536 24.094.999 30.293.289 1.687.077 1.578.099 1.622.948 1,032.741 584,503 267.609 798.442 804,099 2.558.126 1,554.270 1.921,347 70 100 a - a - Bank of Nova Scotia 12.000.000 24.000.000 —- Per 260 Aik. cent 202,712,414 100 100 83,918.732 100 100 100 100 201K 205 Bank of Montreal 100 194 196 Banque Oanadienne. 100 140 142 100 100 100 161"" 162"" 265X 70 —————— d t 18 20 Toronto100 Bank of Per Toronto 0,000,000 —— 9.000.000 20 30K 32 Can Bank of Coram. 39.000,000 20,000,000 436.268 624 Dominion Bank 7.000,000 7,000.000 87,401,648 20 14 16 Imperial Bank of Can d — — — _ — — — 100 d - 100 d „ — — — — - — - - - --- 99,669,452 1150 '174 — QUEBEC — 5 2ft — • - — - • 13 10 20 a 8.nO°.ono \cent. - 100 —————— — 100 2(; — — 7.000.000 154 174 ----- Montreal— 155"" 20 - — — — Per 36,000,000 38.000.000 571.516.831 7.000.000 5,000.000 95.569,709 500.000 7.561.349 500,000 Barelays Bk (Ca nada) Provincial Bk of Can 4.000,000 1,000,000 36.047.202 Royal Bk of Canada. 35.000.000 20,000.000 554.523.862 - — LOt WYOMING cent, Sale price. t Wisconsin March 5. Bid. — a i S $ S Par. Deposits. ------ • National Banks Qross Reserve Fund. Capital Milwaukee— Common.... Capital notes 115 COMPANIES Qross Surplus & Profits. % 500.000 50.000 500.000 100.000 Batavlan Nat Bank. Exchange State Bank TRUST AND BANKS Bankshares Corp. no par stock. Jan. 20 1934. & Dec. 30 1933. c March 5 1934. d Unit of the Wisconsin Bankshares Corp. share. Cheyenne— American Nat Bank. Stock Growers N Bk. 203.744 250.000 300.000 212,260 Quotations Bid. Bonds e 3.335,791 3.933,9831 Member of the Northwest Bancorporation. i April, 1934. /Last sale, x Ex-dividend. for the last day of the month preceding the date of are Ask. Bid. Bonds. issue Bonds Ask. and Bid. Stocks. Ask. " Atlanta—5s 1952 opt 1932—JAD 5s 1957 opt 1937— 6s 1955 opt 1935 JAJ ..MAN 5s 1956 opt 1936 MAS Atlantic—5s 1953 opt 1933..MAS /: 5s 1952 opt 1932 MAS 5s 1954 opt 1934 JAJ 5s 1955 opt 1935 JAD 5s 1957 opt 1937— -MAS 5s 1953 opt 1933MAS Burlington4His 1957 opt '37 .-4 Ms Feb 1957 opt *37 FA A 5b Feb 1953 opt 1933 —FA A 5b Dec 1953 opt 1933 JAD California—5s 1951 opt 1931-MAN 5a July 1956 opt 1936 JAJ 5tfs Nov 1951 opt 1931—MAN Chicago Joint 6 Hs '51 opt'31MAN 6 s 6 66 69 66 69 66 69 72 76 72 72 76 76 72 72 76 72 69 76 opt 1931 1952 opt 1932 5s 1963 opt 1933 1952 opt 1932— 1963 opt 1933 1952 opt 1932 1984 opt 1934 69 71 71 73 75 75 80 84 80 84 80 84 44 41 44 41 44 5Kb 1951 opt 1931 MAN Denver—5s 1954 opt 1934—JAD ; 5s 1955 opt 1935 FA A 5s 1956 opt 1936 FAA 5Ks Nov 1951 opt 1931—MAN '32.MAN 6a May 1953 opt 1933—MAN 5s 1963 opt 1933 MAN 5 Kb Nov 1951 opt 1931-MAN First Oarolinas—5s 52opt'32MAN 6s 1954 opt 1934 AAO 5s 1955 opt 1935 JAJ 6s Feb 1958 opt 1936 FAA 6s June 1956 opt 1936 JAD IstofFt WayneS Ks'3 lopt'SIM AN 5s Nov 1953 opt 1933 MAN 4Kb May 1957 opt 1937.MAN 4Kb Nov 1957 opt 1937—MAN First of Montgomery 5s '54 opt '34 5s 1966 opt 1936 AAO 5s Apr 1967 opt 1937 AAO 5s Dec 1967 opt 1937 JAD First New Orl 5s '44 6pt '34MAN First Texas—5s '42 opt *32.MAN 5s 1943 opt 1933 MAN 5s 1965 opt 1935 MAS 94 4Kb 1955 opt 1935 -MAN 4Kb Nov 1957 opt 1937-MAN 5s Nov 1953 opt 1933 MAN 5Kb Nov 1951 opt 1931-MAN Fremont—6s 1953 opt '33-JAD 90 94 90 94 92 95 93 97 41 70 74 MAN JAD 70 74 70 74 4Kb 1966 opt 1936 AAO Greensboro (NC)5s"63 op'33 AAO 70 74 66 66 70 70 78 78 78 81 78 65 81 65 71 69 69 68 66 74 75 73 77 5s 1952 opt 1932 4Mb 1965 opt 1935 73 41 1965 opt 1935 AAO Dallas—5s 1953 opt 1933—MAS 5s 1954 opt 1934-... 5s 1963 opt 1933 AAO 5s 1965 opt 1935 JAJ 5s 1966 opt 1936 JAJ 6s 1968 opt 1936 AAO MAN 90 Fletcher 4Kb 1954 opt 1934 76 MAN MAN MAN MAN MAN MAN 1951 Des Moines—5s *52 opt ~69 MAN s 4t4s 4Kb 4Ks 4Kb 434s 66~ 44 41 44 41 44 5s Dec 1955 Ill-Midwest—5s '53 op '33.AAO 5s 1954 opt 1934— JAD 5s 1955 opt 1935 MAN 4Kb Mar 1958 opt 1938—MAS 4Kb 1956 opt 1936 MAN Iowa 4Kb 1955 opt 1935 AAO 4Ks 1956 opt 1936 FAA 5s Nov 1951 opt 1931——MAN Kentucky—5s '52 opt *32 MAN 89 Lafayette—5s 1953 opt *33.MAN 4Ks Nov 1957 opt 1937—MAN Lincoln—5s 1951 opt 1931-MAN 5s 1943 opt 1928 MAN 6s 1942 opt 1927 MAN 70 73 73 5s Jan 82 82 79 79 79 82 82 79 82 82 74 77 74 74 74 84 84 84 77 67 63 67 69 73 73 No 87 87 87 84 87 63 67 63 67 63 69 67 61 65 5s Apr 1957 opt 1937-- 65 65 71 73 68 72 68 72 73 78 78 86 86 86 50 54 75 78 78 73 73 73 73 75 70 70 70 70 67 67 70 70 70 70 64 Portland, Ore—5s'53op'33 JAJ 5s 1954 opt 1934 MAN 5s 1955 opt 1935 MAN 5s 1956 opt 1930..—...JAJ Los Angeles—5a '53 opt '33 JAJ 5s Mar 1957 opt 1937.-MAS San Fran—5s '53 opt '33—-JAJ 5s Mar 1954 opt 1934—MAS 77 72 68 73 61 70 5s Sept 1954 opt 1934——MAS Ss Feb 1957 opt 1937 FAA 75 75 73 61 — 70 67 75 5s Oct 1953 opt 1933 .AAO Pacific Coast Jt Stk Land Bk— 77 4Kb Dec 1955 opt 1935—AAO 4Kb July 1954 opt 1934—JAJ Flrst/Trust of Dallas— 89 Potomac 5s 1954 opt 1934—JAD 5s 1956 opt 1936 JAD 5s 1957 opt 1937 FAA 5s Jan 1958 opt 1938 JAJ St Louis—5s 1953 opt 5b 1952 opt 1932— 5a 1943 opt 1928 5s Mar 1954 opt 77 . 5s Sept 1957 opt 1937—MAS Salt Lake O—5s ^53 op *33 JAJ 5s July 1956 opt 1936—-JAJ 77 77 77 84 84 84 84 84 84 84 81 81 87 87 87 87 87 87 87 78 78 82 82 82 78 82 79 83 86 83 72 75 72 75 75 *33—JAD 72 37 41 MAN 37 41 JAD 37 37 41 MAS MAS JAJ 75 41 37 41 37 41 MAN 79 82 MAN MAN JAJ 5s 1957 opt 1937. -.JAJ 5s Mar 1958 opt '38——MAS So Minn 5Kb '51 opt '31 MAN 6s May 1953 opt 1933 MAN 5b 1952 opt 1932 MAN 5a 1964 opt 1934 MAN Southwest (Little Rock, Ark.)— 5a May 1956 opt 1930 —MAN 5a May 1957 opt 1937—-MAN 79 82 79 82 5s May 1953 opt '33 79 82 79 79 82 82 27 30 27 30 30 27 27 30 65 65 69 75 78 69 Tennessee— 5s Aug 1955 opt 1935 FAA Union (Det) 5s '54 opt '34.-MAN 5s May 1955 opt 1935—MAN 5b 1956 opt 1930— JAJ 5s 1957 opt 1937 JAJ 4Kb 1955 opt 1935 JAJ 4Kb 1958 opt 1936 -JAJ 72 75 72 72 72 75 75 75 72 70 75 JAJ 70 74 MAN 1934—-MAN FAA VIrglnla-Oaro 5s '53 opt '33-M AN 5s Aug 1954 opt 1934 FAA 5s May 1957 opt 1937—-MAN 5s 1950 opt 1930 FAA Virginia—5s '53 opt '33—MAN 5s Nov 1 1951 opt 1931-MAN 75 78 78 78 76 4Kb 1957 opt 1937 Union Louisville, Ky— 5s 1952 opt 1932 5s Nov 1954 opt 5s 1957 opt 1937 5s 1955 opt 1935 JAJ STOCKS 73 73 78 76 76 76 81 78 81 78 81 3 100 Dallas ... Fr eemont- - 6K 30 — 3*—. -— Lincoln North Carolina 12 16 33 39 100 3 6 5 7 6 14 19 6 Potomac—------- - 4 4 100 -^,.-100 Pennsylvania ■)an Antonio m 9K 35 -100 _10U Denver Des Moines First Carollnas virorinio 75 75 73 73 74 Pat Atlanta Ul antic-- 81 81 78 72 as 1953 opt 1933 5a 1954 opt 1934 5s 1950 opt 1936 Virginia-Carolina f Flat price. 1934 1955 opt 19354Kb 1950 opt 1930. San Antonio— 5a 70 64 77 67 .... AAO Oregan-WasnSs '52 opt '32.MAN 77 AAO First Trust of Chicago— 4Kb Feb 1958 opt 1938—FAA 83 MAS 61 61 83 83 67 67 5s 1952 opt 193 I 5s 1955 opt 193 J 5s 1950 opt 1936 61 72 72 70 70 70 75 75 67 70 70 65 68 70 72 Oaro—5s *53 opt *38 MAS —MAN FAA 66 66 73 73 lUttft opt 1936 JAJ 1937 63 77 73 5s opt 19341 1957 opt 4Kb 1905 opt 1935 JAJ 4Kb 1966 opt 1930 JAJ 4Ks 1967 opt 1937 JAJ Louisville—5b 1952 opt 1932MAN 5s Nov 1953 opt 1933 MAN Maryland-Va 5s^55 opt '35-MAN 5a 1956 opt 1930 JAD 5s Apr 1957 opt 1937 AAO Minneapolis Trust— 5s Nov 1952 opt 1932 MAN Mississippi 5s '55 opt '35—.FAA 5Ks Nov 1951 opt *31—.MAN New York 5b *52 opt '32 JAJ 5s 1953 opt 1933 JAJ 5s 1955 opt 1935.... JAJ 5s 1950 opt 1930 MAN 77 70 89 5s 1954 44 82 62 69 86 86 44 79 64 81 86 44 79 65 81 JAJ 41 41 41 79 opt 1935 JAD 1934.AAO JAJ MAS Greenbrier 5s 1904 opt 5s 1965 opt 1935 5s 1957 opt 1937 5s 1908 opt 1938 Pennsylvania 5s '53 opt '33-MAN 5s Feb 1955 opt 1935 FAA 5s 1966 opt 1930 AAO 5s 1907 opt 1937. MAS Phoenix 4Ks '01 opt '41 JAD 58 1961 optional 1941 JAD 100 .5 19 40c 4 60c INSURANCE STOCKS 116 Quotations are as near as possible for the last day of NetSurpliu Par Fire A Marine— (Hartf) 1933. Capital. Agricultural (Watet'n) Amer Alliance (N Y)_ Amer Colony (N Y)__ Amer Equitable (NY) Central Fire (Balto)— Voting trust c — Per 10 26 10 6 10 10 City of New York (NY) 100 Cemmonwealth (N Y) 100 Continental Ins (N Y) Corcoran (Wash'ton). 10 Oosmopol n Fire (NY) Eagle Fire (Newark). 2% 10 Federal Ins (Jer City) Pldellty-Phenix (NY). 2% 10 Fire Assoc of Phlla— (Wash'ton) F). 20 Flremans InB (N ewark) 5 Fireman's Firemans Fund (8 25 (Phlla). 6 Georgia Home Glen Falls Insurance (Glen Falls. N Y)_. Globe A Republic Globe & Rutgers Fire. ureat Amer ins (N ¥) 10 Franklin Fire (Halifax,N.S.) (N Y). Hanover Fire (N Y)_. Harmonla Fire (Buff). Hartford Fire (Hartf). Home (New York)... Home F 3c M (8 F)— Halifax Hamilton Fire II.000,000 1,500.000 1.000.000 4.873,989 100.000 200.000 815.000 2.000.000 953,307 812,127 2,702,091 32,335,352 t342,373 1590.136 199,543 9,088,761 3.464.825 24,228,788 2,000.000 4,817,199 200.000 1217,070 7.500.000 1,859,678 9,397.690 3.000.000 500,000 5 2.500, 000 6 1.000, 000 25 2,000, 000 5 8.150, 000 2.000, 000 10 25 10 10 500, 000 4.000, 000 Home Fire Security __ 1.000 10 12.000 5 12.000 10 1.000 10 4.932 Homestead Fire (Bait) 10 ,000 ,000 ,000 ,000 6,321.473 4,762,009 712,018 16,140,779 4,848,487 1,545,062 1112,932 4.109,190 164,654 360,963 12,993,359 1,911,169 share Fir® A Marine— 37% 30% 55 18% 4%, 20% 17% 20 10 ioH 18% 20 4,599,582 2,062,698 65 472 180 165 17 507,225 18 20% 4,314,879 1,051,725 1,453,359 2,064,330 20,619,050 131,800 5 4 59 462 22% 174" 181 20% CO wH 15" 20% 2% 01% 1,301,413 1,518,888 16,491,942 8,187,906 1216,560 1,651,954 13,995,657 5,114,255 462,102 3 29 04% 30% 46 48 5% 21% (N Y)__ Nat'l Union (Wash).. Nat Union Fire (Pitts) New Brunswick Fire (New BrunB, N J).. New England Fire (Plttsfleld. Mass).. New Hampshire Fire (Manchester. N H). 28% 0% (Newark, N J)— Northern Ins Co (NY) b $ a 107 20 18 65 00% 17 17n% 60 62 3.000.000 1.000.000 2,647,154 325,843 4,048,531 250,784 26 % ,28% Ohio) Republic (Dallas) Rhode Island (Prov). 20 250.000 2.000.000 1.000.000 310.489 1,603,668 1,247,457 55 10 5 780,785 1,931,662 711,927 (Rochester) Rosslalns (Hartford). 10 1.000.000 786,177 1,352,632 25 Seaboard F A M (NY) Security Ins (New Hav) Southern Fire 10 627,600 2,523,555 9,061,533 727,112 3,840.226 651,234 (Providence) 7% 8% 60 ""4% 6 Rochester American 5 10 10 Springfield Fire A Mar (Springfield. Mass). 25 10 Stuyvesant Fire (N Y) Travelers Fire (Hartf) 100 4 U S Fire (New York). 8 Universalis (Newark) 10 Victory Ins (Phila) Virginia F & M (Rich¬ 25 mond) Westchester Fire (NY) 2% 1,500.000 4,000.000 11,248,871 500,000 558,864 2,oon.oon 2,403,880 1,000,000 772,135 16 20 8% 131 8% 135 "27^ '28% 17% 19 11,107,301 92 95 10,774*326 432 400,000 1,000.000 2.000.000 2.000.000 1.000.000 1.000.000 6,885,681 t584,597 1,946.903 9,840,096 524,989 306,947 274,355 177,233 500,000 1.000.000 726,666 5,482,412 3,000.000 1,000,000 7,500.000 7,605,046 2,680,033 2,145,391 3% 4% 447 35% 8% 7% 37% 702,839 5,883,770 36 38 25 20% 8,756,651 701,558 7,280,886 +1,382,779 49 51 38% 20% <±0%. 22% 2% 9,387,467 10 8% Casualty A Surety 286",441 Oonsol Ind A Ins (NY) Continental Casualty 5 5 5 10 (NY). 28^ 30 (Hammond, lnd)_. Excecs Ins (NY) 21 22% EmployeroRe-ins(KO) 54 Fidelity & Dep (Bait). General Alliance (New 52 23% 25 29 30 439*372 15 1% 10% Amer 800.000 tl,336,511 1.750.000 750.020 1,500,000 2,964,987 919,828 1,457,999 13 14 10% 23 11% 25% <iQ% 42 0% 7,199,804 1,041,684 1,691,033 6,082,452 11 20 2.400.000 1,322,849 (6) 3,200.000 1,571,448 1 750.000 1,528,190 2,600,834 10 York) Gr 10 25 3.000.000 5,132,682 6,627,478 51^ 53% l.ooo.no) 10 1 *2,500,000 1,253,879 4,256,027 511,243 8,108,402 10% 1% 20% 25 4.000.000 1,402,145 15 % 10 750.000 1.000.000 500.000 3,000,000 14% 0% 10 4.0S0.460 498,007 4,107,807 2,500.000 2,795,275 5,808,727 10% 11% 875.000 1.000.000 1,328,112 336,868 4,755,529 10% 1,356,680 1,244,999 259,256 1,571.779 9% 10 20 2.000.000 5,278,105 12,183,684 5% 0% 9,031,705 364,929,873 18% 10% 11 11% a Indemnity (New York) 6 8 Hartford Steam Boiler 126,791 1533,490 5% (Hartford) 7% Manufacturers 140 1,158,711 7 155 Cas'ty (Phila) Maryland Cas (Bait). Mass Bonding A Ins (Boston) 50 21,034,463 1,907,708 1,435,609 124,564 63,596 512,896 1,618,006 11,963,252 2,148,554 3.706,869 7% 3% 4% National Cas (Detroit) National Surety (N Y) New Amsterdam Ga» (Baltimore) 10% (New York) 69 12 72 Seaboard Surety (NY) Stand Accident (Mich) U To)" S 5 Fidelity A Guar¬ anty (Baltimore) 90 95 Life— 1,347,930 Aetna Life (Hartford) 5% 6% 79 82 1,160,504 23^ 25% 10 400.000 1259,294 1369,162 11% 5,927,671 4,313,419 20 30 53 55 10 15.000,000 California-West. States Life (Sacramento).. 10 5% 6% 400.000 t419,527 +14,504,624 3 5 100 2.000.000 98 105 Conn Gen Life (Hartf) 10 3.000.000 30 31 Continental Life (St L) Kansas City Life (Kan¬ sas City. Mo) Lincoln Nat'l Life (Ft Wayne. Ind) Mo State Life (St L).. Occidental Life (L A). Pan-Amer Life (N O). Phila Life (Phila) Sun Life Ass'nce (Can Travelers Ins (Hartf). West Coast Life (S F). 10 500.000 1,054,067 34,895,369 3,812,762 135,117,903 4533,361 +15,054,842 6,689,717 59,803,145 375 2,500.000 4,176,987 5.000.000 tl.245,341 1.000.000 762,286 1.000.000 2,001,460 700 000 t377,901 3,342,547 5,951,751 2J.OOU.UOH 16,288.985 750.000 298,305 97,181,613 +132934 599 18,780,708 24,722,183 +11.709.654 532,953,545 579,307,653 18,866,726 Columbian Nat'l Life (Boston) 34% 35^ 500,174 1,575,292 7,883,094 2,728,960 1,477,877 1,953,075 5,914,550 3,673.646 28 I2i, 1.000.000 1.000.000 2.000.000 1,000,000 10 1,000,000 584,141 543,690 32 10 12% 19 03% 20% 71% 14 1.741.656 tl,000,000 +38,594,008 Central States Life (St Louis) 6,410,052 100 10 10 100 10 10 1.000.000 1 25c 1% 410 32 40c "~2% 15% 100 100 new b 320,000 no par shares, c Including 400 shares no par general management stock carried at $2,000. k Last sale. (New stock, v Ex-stock dividend, y Ex-rights. * Includes $2,000,000 1st conv. J No par value. W 32 Mi 1 831,638 1,306,637 14,182,715 2 Preferred- Accident 942,057 3,481,120 10 (Hartford) 18% 17% 1.000.000 t Dec. 31 1932 figures. 4,990,781 10 ton 30 10 Holding company, RFC. 10 2.000.000 Reliance Ins (Phlla).. Reliable Fire (Dayton, 18% 10% % , by North British & Mercantile Co. y +745,001 6.000.000 17,826,321 (Pnila) Phoenix Ins (Hartf) Providence - Washing¬ 25 Northwest Fire A Mar (Minneapolis) i .00(1.000 10 Paiia Nat 40 35 1102,306 6,116,881 5 iu 103 741,355 2,690,313 +529,570 8,103,451 Amer Surety (NY). 1289,075 3,272,299 20 1,053,688 Amer Relnsur New Jersey Insurance New York Fire 5,859,908 1,392,101 29^ 123* 20 North River Ins (N Y) 2H 1.000.000 1,000,000 (NY)... 23 4.000,000 100.000 1.100.000 3.000.000 1« 25 (Milwaukee) 23 19 60 10 25 Occidental Ins (8 F)— Pacific Fire 0% 706,429 1,000.000 624,943 1.000.000 5.000.000 13,708,048 500.000 1321,429 Nat'l Liberty Ash. Per Share 55" ~57\" Insurance 10 Bid. St Paul F AM (St PL 4,504,948 2,082,198 2,314,241 "20" '21% ,000 500, ,000 6 r "~0% 5,512,521 4,916,600 2,642,395 1,101,254 17,458,200 119,100,961 13,104,070 13,775,091 902,258 1,133,987 90,659 100,395 4,303,873 3,652,071 752,528 804,915 26,198,623 30,509,531 27,492,598 35,789,411 2,046,547 1,151,531 Incur! Hud 10 1.000,000 1214,432 (NY) Importers & Exporters 10 1.000.000 398,336 (New York) Insurance Co of State of Pa (Philadelphia) 100 1.000.000 1,260,468 Insur Co of Nor Amer 10 12.000.000 33,168,159 (Philadelphia) Inter-Ocean Re-Insur¬ 500,000 1,015,936 ance (Cedar Rapids) 60 1.000.000 1,016,785 Knickerbocker (N Y). 10 200,000 445.176 Lafayette (New Orl)_. 250,000 105,839 Liberty (Louisv, Ky). 800,000 412,468 Lincoln Fire (NY)— 25 1.000.000 1,098,961 Lumbermen's (Phlla). 26 600.000 Mechanics Ins (Phlla) 1739,475 Mercantile Ins (N Y)_ 100 1.000.000 2,584,227 750.000 14,782.778 Merch Fire Assurfcom 2 1.000.000 (New York)__lpref Merchants & Mfrs Fire 503,415 1.000,000 (Newark. N J) io $ Aetna Casualty A Sur ■on (Providence) MichiganP4M (Det) National Fire (Hartf). National F&M (N J) Reserve. $ North wester nNational 53 Hudson Merchanto Premium Capital. 1933. $ Par Ask. Bid. Reserve. $ ~ Unearned Dec. 31 Premium 7.600.000 15,078,767 3.000.000 1,754,923 3.000.000 2,054,829 200.000 t384,744 6 1.000.000 2,558,062 100 000 t400,278 Amer Fire (Wash'ton) 100 10 1.000.000 767,772 Amer Home Flre(N \) 3.343.740 5,582,938 Amer Insur (Newark) 2 H 10 1.000.000 1,006,642 Amer Reserve (N Y). 10 522,087 *459.950 Amer Salamandra 10 6.000,000 4,996,387 Automobile Ins (Hartf) 449.175 1.500.000 Baltimore Amer (Bit) 2% 949,200 26 1,000.000 BankersA Shlpp (NY) 100 3.000.000 8,149,390 Baston (Boston) Buffalo Ins Co (Buff) 100 I,000.000 1,830,627 6 2.000.000 2,490/162 O amdenFlre (Camden) Carolina (Wilmington. 10 627,171 600.000 N.O.) Aetna Inaur NetSurpliu Unearned Dec. 31 the month preceding the date of issue. 400 423- 430 440 5 7% g All stock owned pref. to be financed