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S. ADNf, y' n d a c> JUN10 1939 m BANK / QUOTATION RECORD REC. U. S. PAT. OFFICE IN RETROSPECT MAY Page Page and Financial Events—. Cotton 1 Hides and Leather 8 9 Commercial Iron and Steel Trade.. 7 Course of the Stock Market 14 Money Market 16 dividend Declarations 13 New 12 Federal Reserve Bank—Brokers' Loans .16 Foreign Affairs— — - - 5 18 Foreign Exchange 9 Grain—Coffee—Sugar Security Issues Petroleum and Its Products 9 Rubber 9 Textiles United 9 States Treasury Financing 11 INDEX TO STOCK EXCHANGE QUOTATIONS Page Page 67 New York Curb Boston Stock Exchange 58 New York Stock Exchange—Bonds 19 Chicago Stock Exchange 64 New York Stock Exchange—Stocks 31 Cleveland Stock Exchange 66 Philadelphia Stock Exchange 61 Pittsburgh Stock Exchange 59 San Francisco Stock Exchange. 62 Baltimore Stock Exchange Detroit Stock Exchange Los .60 64 Angeles Stock Exchange INDEX TO GENERAL Exchange 41 QUOTATIONS Page Page Municipal Bonds— Banks and Trust Companies— Domestic 102 Domestic 111 ... Canadian Canadian 84 Federal Land Bank Bonds Foreign Government Bonds .. Public .92 Exchange Seats.- Public -.93 Utility Bonds Industrial Stocks 85 Real Insurance Stocks 100 Investing Companies Securities... 72 84 Securities 86 CT-cLXLe WILLIAM B. William DANA 71 Estate Bonds... -101 Real Estate Trust and Land Stocks 86 85 Guarantee and Safe Deposit Stocks 85 United States Government Securities..92 Mill Stocks—see Textile Stocks— Mining Stocks.. 67 Stocks Textile Stocks Title Joint Stock Land Bank— 78 Railroad Bonds.- Railroad - 73 _ Utility Stocks 81 Industrial Bonds 92 __94 United States Territorial Bonds 8;, 1939 COMPANY, Street, Corner of 92 PUBLISHERS Spruce Street, New York \ Jfafje gepflsit awd Qxxxst Ctf. —OF BALTIMORE— Capital $2,000,000 Surplus and Profits $4,196,364 gINCE 1876 this Company has devoted itself exclusively to the management and conser¬ vation of of its It is estates—specializing the whole effort highly trained organization in this business. of one country the few which has trust never companies in the engaged in general banking, selling securities, etc. Its Directors are: Charles H. Babcoek A. E. Duncan Edwin G. William L. Galvin Baetjer William G. Baker, Jr. Robert Garrett Howard Bruce J. Edward Johnston George C. Cutler Blanchard Lyman Delano Charles E. Rieman Randall BANK/QUOTATION RECORD U. REQ. Second Class Matter, as PAT. OFFICE COMPANY, In office of Librarian of Congress, Washington, D. C. New York, N. Y., under the Act of March 3, 1879 Copyright In 1939 by WILLIAM B. DANA Entered 3. March 9, 1928, at the Post Office at NEW YORK, JUNE 8, VOL. 12 / _____ NO. 6 1939 . In the face profits tax and other substantial tax revision. Bank Quotation Record and of the then the Treasury present its tax to let The Bank and Quotation Record is one of the companion publication of the Commercial & Financial Chronicle and is issued monthly. Terms for the Chronicle Canada; $21.50 in South and U. S. Possessions and Territories; $19.50 in and Central America, Spain, United States $18 per annum within the are foreign Mexico and Cuba, and $23 in other Administration measure, Senator Harrison was reported on Bank and Quotation Record is $12.50 a Single copies are sold at Postage outside of United States extra. year. $1.50 per copy. Senator Harrison's plan in¬ suggested. later Morgenthau cluded the substitution of a flat 18% corporate income tax for normal the present 16%% to 19% profits levy La Salle Street. CHICAGO OFFICE—208 South LONDON OFFICE—Edwards & Smith, and undistributed corporations earning more than $25,000 a on After listening to Secretary Morgenthau's "sugges¬ continued hearings year. Drapers' Gardens. E.G. 1 revision plan, which large measure the same items that Secretary a countries. The subscription price to the revision program as an May 10 to have formulated his,own tax included in refused report that the President had current tions" the House Ways and Means group WILLIAM DANA COMPANY, B. Publishers, tax on York William Street corner Spruce Street. New revision, and May 29 Chairman Doughton indi¬ on proposals in shape cated that his committee would have its within OF MAY—COMMERCIAL REVIEW Tension review in Europe with full that domestic developments Amendments to Social where attention turned was to revision of the present some structure in conformity with the iniquitous corporate tax unanimous demands of business leaders was the chief topic Few important bills were ground out of the of discussion. congressional legislative mill, but committees centered their activities on action this at number a of slated important measures session. for mended a suggested plan for the removal of tax "irritants" to the House Ways Means Committee and of round the prospects for tax had which its Prohibition it be would income the in losses net of one year of the future "fair and issuance permit very of In to large incomes question business Revision In of carry over capital stock recommendation—the tax and the related Secretary "consider to and suggested "could measures as one the expenditure that all appropriation and rev¬ so be viewed in relationship both to tives velt in dent told his audience not attitude new "made up of men of ability who command the highest pub¬ confidence," means to stressed the in any not forget fiscal and be Mr. that of one Morgenthau Mr. maintaining a Morgenthau the present be made. may important the as by Federal-State tax statement "importance of rev¬ We must objectives of our is to approach a balance between revenues For this reason any tax reductions must expenditures. While Mr. Morgenthau made by tax increases." suggestions no his tax revisions which program offset by the problems created Throughout conflicts. enue suggested was solve as to what these increases tax might be, this of of outgo business income and, said ent—the blers" the those Nation will happen." ers—those who chances radical to people's lives." ence, told was aides on and congressional leaders. At such a confer¬ May 15, Senator Harrison was understood to have the President that with or without his aid the Senate determined to push for repeal of the undistributed our "eager system wras The "gam¬ safety of gamble the private enterprise customers with cannot other themselves bring people's property by new some as was poli¬ spending program; on May 19, how¬ being considered, and that a new at the same time objected to the use of the stabilization fund to to business. take other possibly meaning the con¬ he had declared that he had never heard program "to and The President's defense of his fiscal a on that if Government The "conservatives" are the New Deal¬ simply construed templation of ever, The Presi¬ thought were appar¬ to of than the courage to just keep its hands off the economic system and added that the new taxes should "have fiscal has had and the "conservatives." of he higher volume of therefore, a bigger net yield for Gov¬ who are and the least harmful effects on business and should contribute cies when program a nothing more than their personal hunch indirect taxes, plans only after he had a number of conferences with his spending today two schools of "gamblers" are will just his tacit approval to the tax revision his to capital and put idle labor to work," that that direct taxes be resorted to rather than greater equity." The President lent a cash receipts." Government because today borrow idle dent permanent any National income will be greater tomorrow ernment. is as "investing in order to create called it it plans system an indefinite continuation of characterization he did suggest The President gave over Presi¬ to "believe that the conservative Administration part of our American excess temporary national commission," which wrould be the Retailers National Forum 011 Although defending his fiscal policies, the May 22. objec¬ continue with the principles and before speech a a year. by President Roosevelt Deal was reiterated by President Roose¬ of the New "A lic part of the employees' salary $60,000,000 is expected to save Defense of New Deal Program what the Nation needs and to what the Nation can afford." small from the payroll taxes of that A determination to a the taxing that benefits in 1910 instead of in 1942, under present law. The latter profits tax. excess the over-all aspects of programs," revenue enue non-profit $3,000 annually. from taking appropriating committees of both branches sit body above risks." the include students only a nominal exemptions in the Act to organizations receiving present all of contemplated Exemption which presenting his plan—he was careful not to call it and as not be so high that they may committee following: whether the of discourage the limited number of individuals subject to them normal the of employees the recommend to remuneration. business future profits. the 2.7% fund and had a law granting addition, Mr. Doughton announced that the decided Expansion and tax-exempt securities, after reexamine to against Starting monthly old-age insurance to be deducted from to logical present surtax rates on laws tax rate below contributipn reduce its to that State would still be able to claim the full 2.7% the 3% Federal tax, provided the State had built up the in employer's had Repeal of the undistributed profits tax. Amendment Accord¬ Chairman Doughton: requisite unemployment compensation reserve meeting certain minimum standards. The Secretary's plan, revision. presidential approval, included: be benefits May 27, he dissipated the cloud on uncertainty which the President had permitted to sur¬ could on hundreds of millions of dollars. enabled be would State Act. States and which might produce tax sav¬ ing to a statement by A Morgenthau in the payroll tax put into effect to which Act, Security ings amounting to and the Treasury of May 3 a plan for a reduction on shortly by some offset Secretary committee recom¬ the under amend¬ House The Security Social the to ments concluded hearings the recommendations submitted and Security Act consideration of corporate tax revision began Ways and Means Committee the House * Tax Revision When it. Before relaxed during the month under was result the AND EVENTS FINANCIAL weeks. two he finance aids 2 MONTHLY President'* Plans—Pending Reorganization Government Valley Authority to issue $100,000,000 in bonds, backed by Treasury's guarantee to consummate the purchase by Legislation As June the thoughts congressional approached turned to adjournment, which many would like to see come about July 15. But there is still much to be done on legislation affecting social security, National Labor Relations Act, and wage-hour amendments; tax revision; new neutrality legis¬ relief appropriations for During the past month Congress fin¬ ished work on both of the President's reorganization plans, the second of which was submitted on May 9. Reor¬ ganization Plan No. II, which the President said is de¬ lation; legislation, railroad and the next fiscal year. signed to for calls Government costs by annual reduce abolition the National of mission and the transfer of of the likewise, Interior; tive is it of the President office $1,250,000, Bituminous Coal its functions to the National Emergency Council, proposed Com¬ Secretary abolish to all of its functions "with as be." may The service transfer of consolidation of their functions is also the to proposed No. II" Plan the of the without approved by the Senate was record vote. a Carolina, Chairman Senator James F. of the Senate Byrnes of South Select Committee ments. Action and No, II effective on July 1, the beginning of the on Various Congressional Measures on Other activities of Congress included: Passage by the Senate bill to regulate the May 2, by on of issuance vote of a securities 40 to 16, of the Barkley under trust indenture. Approval by the Senate Military Affairs Committee authorizing the Secretary of the Treasury to force in of excess event of an buy bonds $1,000 to in which emergency Passage by the House and harbor basis the in involved. man-power was $305,188,514, for flood control and river projects. Passage by the Senate bill regulation which, carriers water over percentage-of-wealth a bill a with net wealth persons May 15 of the War Department civil functions on bill, amounting to appropriation on draft of a May 5 of on five-judge Federal receivership the in the Senate by Passage May 25 of the Wheeler-Truman transportation other things, provides for "putting control on among hands court of of expedite to Interstate the 27 May • on a the Commerce setting measure handling of Commission. up a special bankruptcy and cases. on May 19 passed a joint resolution making President Roosevelt's Reorganization Plans No. 1 fiscal Townsend the all producing, manufacturing, wholesale and jobbing enterprises and a 2% tax on the revenue of retail establish¬ Changes Government Reorganization, had offered a concurrent reso¬ for disapproval of the plan and the resolution was The Senate defeated of lution rejected. Representatives monthly pensions ranging up to $200. It proposed to finance the plan by levying a tax of % of 1% on the gross revenue May 12 on of House old-age pension plan on June 1 by a vote of 302 to 97. The bill, sponsored by Representative Joe Hendricks of Florida, called for the payment to persons over 60 years of age rapidly as State, Agriculture and Commerce Departments under the direct supervision of the Secretary of State. A resolution to reject Plan I was defeated in the House on May 3 by a vote of 265 to 128. "Reorganiza¬ tion House Defeats Townsend Old Age Pension Plan to the go Secretary of the Treasury to be wound up by him foreign upon. The the Education; the plan also includes" (we quote from the President's message) "the abolition of the office of Director General of Railroa.ds and of the War Finance the Corp. in the Tennessee Valley under arrangements already agreed the office of and TVA of certain properties of the Commonwealth & Southern and to transfer to the execu¬ exception of the film and radio activities which Corporation EEVIEW new After Neutrality in Laws Urged by Secretary Hull long, discreet silence, a and after the "cash and carry" principle of the Neutrality Act had expired on May 1, the Administration, through Secretary of State Hull, made known its position in the matter of neutrality legislation on May 27. In identical letters to Senator Pittinan, Chair¬ Senator Byrnes of South Carolina introduced the joint resolution for the purpose of simplifying the accounting and bookkeeping in the departments. Both plans man have already been approved by Congress by the defeat of motions to reject. Under the Reorganization Act Plan mittee, the Secretary urged the discarding of the automatic No. 1 would have become effective 60 days by the present Act. In order to "make easier our twofold task of keeping this country at peace and avoiding impo¬ sition of unnecessary and abnormal burdens upon our citi¬ zens," the Secretary made seven specific proposals for year. date the the President June 25; and Plan No. after April 25, submitted it to Congress, that is, II would have taken effect July 7. Agricultural Appropriation Bill Economy forces suffered defeat at sympathetic to the needs the the of the farmers hands those of May 8 when on of the Foreign Affairs Committee and to Representa¬ Bloom Acting tive Chairman of the Foreign Affairs Com¬ embargo against all belligerents which is prescribed arms incorporation abolition of neutrality legislation. Aside from existing automatic arms embargo, in the the the others are: Senate, without a record vote, increased the appropria¬ Agricultural Appropriations bill by $383,484,959 over those passed by the House on March 28. The bill, with the increased appropriations which were included to cover ing, from entering combat areas. the preceded by transfer of title to tions in the cost of parity payments and Federal purchase of sur¬ plus commodities, was passed by the Senate on May 12 by a vote of 61 to 14, despite the President's warning on May 9 that the increased appropriations would require more taxes; the Senate voted $225,000,009 for farm parity pay¬ ments; $113,000,000 for disposal of farm surpluses and $25,for farm tenants. The House had rejected the To prohibit American To restrict travel To provide that To at nations To for irrespective of what by American citizens in combat the the continue ships, of export goods destined the foreign legislation existing they be may carry¬ areas. for belligerents shall be purchaser. respecting loans and credits to war. regulate the solicitation the National and collection in this country of funds belligerents. To continue export and ax-ms Munitions Control Board and the of system import licenses. 000,000 parity payments item in the the had measure however, refused to on measure on back that March 28, and thus body. The House, May 23 to instruct its conferees on the go to Senate amendments and sent it to conference. sidering the bill write a While con¬ May 10 the Senate rejected attempts to cotton-export subsidy program (Bankhead plan) on into the bill. May 8 and the Senate the total voted by the Senate ($773,414,241), it had to which accepted the the bill May on 18, but because under that voted by the was House enacted clared back to the latter body, amendments on May 19. As Senate go provides funds for session that the Presi¬ was May 1 for $185,440,060 for the Army Air Corps expansion Simultaneously he requested an appropriation of $21,062,500 "for increas¬ ing the permanent military garrison in the Panama Canal Zone." In addition to will thus be a providing for the creation of a five-judge Federal court to expedite the handling of railroad bankruptcy and receiv¬ ership cases. The bill, sponsored by Senator Wheeler and Representative Truman, not only would establish a special court to handle rail amend up sections railroad NiW program. the $185,440,060 air appropriation, authority for the War Department obligations for an additional $64,total of $250,000,000 to put into effect reorganization matters, but also would of bankruptcy law to the end reorganizations. of speeding . Rulings by U. S. Supreme Court clauses in development during the month on battle Senate Passes Bill to Establish Railroad Court Court Roosevelt's request legislative May 27 the Senate passed and sent to the House national defense dent one-month a on the "isolationists" have de¬ precipitated. purchase of 500 airplanes and to start construction of two 45,600-ton battle¬ ships as well as a number of other vessels. The only other new though even on bill The President signed the largest peace-time Naval Appro¬ priation bill in the history of the country on May 25. The bill, which appropriates $773,049,151, was approved by the on this them On Naval Appropriation Measure House The President fully endorsed the Secretary's views May 30 and indicated that he desired Congress to act on Gold Clause Resolution As the end of its present session approached the Supreme speeded up its work. 1933 The month. congressional joint resolution abrogating gold bonds came in for more adjudication during the Again the Government won, for the court on May 22 held that holders of securities pledging payment either United in the basis of the States dollars in or foreign currency on pre-devalued dollar must, under the resolu¬ tion, receive payment only in United States In currency. the President requested to enter into contract the 560,000, making Co. and the Chemical Bank & Trust Co. for jayment of St. the a expansion program approved April 3. Congress Acts to Remove Bonds—Permits The House on Senate on on $30,000,000,009 TVA June 1 to $100,000,000 the bill of Government by the The bill, which amends the Liberty Bond Act, leaves unchanged the maximum of $45,060,000,000 on the total national indebt¬ while the other two an court settled the cision tice was Steel Liechtenstein rendered by Hughes was of a Guaranty Trust in Netherlands guilders, "multiple currency" Corp. and held by companies in The de¬ the Netherlands. Associate Justice Black. among cases involved the cases Bethlehem four the four dissenters, expressed by Justice Stone. McReynolds and Butler. were The others Chief Jus¬ whose views were Justices Supreme Court Ruling in Kansas City Stock Yards Case on June 1 the Senate added amendment by Senator of Switzerland, edness. passing the bill the similar nature—two involved claims of the bonds Bonds adopted restriction In decision Louis Southwestern Railway bonds Limit May 23, eliminating the $30,000,000,000 limitation outstanding Federal bonds. Second Issue passed as five-to-four as a rider Norris authorizing the Tennessee In a five-to-three decision, on the Administration in the Kansas May 15, the court upheld City Stockyards rate case MONTHLY JUNE, 1939] distribution of $586,000 to live¬ stockyards until when it agreed to postpone 3 KEVIEW Establishing Administration Bureau for Federal Senate Passes Bill Courts stocks commission men at the Kansas City prescribed for the com¬ The rates that the Secretary had originally prescribed and from which the $586,000 was derived were held invalid by the court a year ago because the determination of the rates was not pre¬ ceded by a full and fair hearing. Through Justice Stone mine lowered if mission the men he court in the present case said: • Justice the court to requires that order the which rates just and reasonable. are it and in the meantime, of the fund distributing it to those found to be entitled to it. ultimately Court Supreme the proceedings in the outcome of await discharge the duty which it owes to the litigants and may public by avoiding unlawful disposition establishment income tax on the $12,500 salary received by Judge J. W. Woodrough of Omaha, the court said that "to suggest that , it makes inroads upon the independence of office after Congress had thus charged duties •common of judges who took the with them by making" them bear their citizenship, aliquot share of the cost of maintaining the Government, is to trivialize the great historic experience on which the framers passed the safeguard of the Constitution." The Supreme Court's findings were given in a seven-to-one decision; Justice Butler wrote a dissenting opinion. They will be appointed subject to removal by this court or by the Conference of Senior Circuit Judges. Among the duties of the director are the appointment of "employees of the bureau, examining the state of dockets of various courts, disbursements of moneys appropriated for operation of courts and purchase of equipment and supplies. Taxes two be imposed may on intangible property and securities both on a State in which the deceased person had his and by other States where the property is located. by domicile Justice Harlan F. Stone delivered the opinion in both cases, in one of which Chief Justice Hughes wrote the dissenting opinion. The litigation controversies involved Alabama between and Colorado tice Stone, in his majority rulings, and New York Tennessee. nomination and was Other Supreme Court Rulings other decisions important decision the life and therefore tion of date the ministrator May obtain to the of the last Dec. Canada company May on Firearms Act Act just it as was indicted after the original expira¬ persons 13 denying the reimbursed of the Federal right of bank the 15 bankrupt a for the loss it Housing Ad¬ company after incurred when of the Federal the guns National 1931 announced on May from interstate of the Interior for the advices, sulted that President Roosevelt fiscal year $4,853,328 below the Budget Bureau but was $26,952,852 above the current recom¬ year's The Senate passed the bill on April 17 after increasing by $14,000,000 the total approved by the House. A joint Senate-House conference report adjusted appropriation. •differences in the two President ^Roosevelt from United States Trenton, N. J. May 16 nominated Armistead M. on biljl proposing to make it a Federal offense to know¬ ingly transport stolen cattle, hogs, sheep, horses or mules (or carcass of same) in interstate or foreign commerce was vetoed by President Roosevelt on May 24 as an en¬ the police power appointments in their States. by both Senators. stated Court his in letter old and years of the States. The Presi¬ within recent years, with his "extended jurisdiction over serious crimi¬ nal offenses such as kidnapping and bank holdups" and had enacted "the National Stolen Property Act, which gives Federal jurisdiction in the case of major thefts, i.e., where the value of the property involved is $5,000 or more." The new endorsed was Circuit of Appeals at Judge of the United Trenton, President that he the to J., N. was Judge Davis over was 70 eligible for retirement under the pro¬ was Code as as amended. Member of National Mediation Board J. Lewis, nominated was Representative from Maryland, on May 24 to be a former by President Roosevelt He will succeed member of the National Mediation Board. M. William in seat Leiserson, Labor of become who has Mr. Board. Relations House the a member of the Lewis his up gave Representatives last summer to run against Senator Millard E. Tydings in the Democratic sen¬ Despite Administration sup¬ primary in Maryland. port, Mr. Lewis lost the nomination. Senate Confirms Nomination of W.M. Leiserson E. H. Foley to Senate M. William N. of Armour as Argentine as Member of NLRB Ambassador 19 May on Leiserson as confirmed the of nomination member of the National a succeed Donald W. Smith. Labor Mr. Leiser¬ named by President Roosevelt on April 25. was President's nominations of Norman Armour The and Treasury Post Also Approved Relations Board to son as Am¬ Edward H. Foley Jr. as General Counsel of the Treasury Department were confirmed by the Senate on May 17. The nomination of Mr. Foley was sent to the Senate by President Roosevelt on May 8. bassador to Argentina and A. J. Mulroney Appointed of Secretary nounced Petty Crimes on 8. accepted by President Roosevelt on April 29. Vetoes Bill Extending Federal Jurisdiction to dent said that Congress had Retires Davis Warren The retirement of J. Warren Davis as States measures. A croachment Federal in nomination The 11 was mendation to School, as Judge for the Western District of Virginia, thus ending the controversy with the two Virginia Senators, Carter Glass and Harry F. Byrd. Mr. Roosevelt had originally named Floyd H. Roberts to the judgeship but the Senate last February voted 72 to 9 against confirmation. The two Virginia Senators had raised personal objections to the appointment, maintaining that Senators should be con¬ —Appointment ending June 30, The total, according to Associated Press Washington 1940. J. Roosevelt President Supply had signed a bill appropriating $172,679,765 for the Depart¬ ment confirmed by the Senate on May Virginia—Judge Government. Roosevelt Signs $172,679,765 Interior Department was 15. Circuit Court of Appeals at Bill It Ambassador as President Roosevelt Nominates A. M. Dobie to Federal Judgship in atorial holding valid the section registered with be to Secretary of Commerce The nomination of Mr. Roper as Minister to was National barring sawed-off shotguns and machine unless President Oil" prolonged about to expire went bankrupt. decision commerce "Hot transferred "was Mr. Roper resigned during the court congressional amendment a priority in the assets had Administration the A that prosecution of on Armour Norman Argentina. President Roosevelt Nominates David J. Lewis entirely possible. was decision A Connally the held 15 Mr. Roper is reported as post at Ottawa has been vacant since January, 1938, when David May on Senate the to the sent Rope.r, former Secretary of Com¬ C. saying that he expects "to remain only during the period of the visit of the King and Queen of Great Britain. That would be for about 60 days—90 days at the most." The month included: A 1 May on Daniel visions of section 20 of the Judicial wrote the Alabama-Tennessee dissent. The Roosevelt of to be Minister to Canada. merce, Jus¬ between joined by Justices Black, Heed, Frankfurter and Douglas. Chief Justice Hughes wrote the dissent in the New York-Colorado case. With him were Justices McReynolds, Roberts and Butler, who Minister to Federal Supreme Court, in a five-to-four ruling May 29, decided that death taxes cases as Dobie, Dean of the University of Virginia Law Supreme Court Increases Powers of States to Impose Death The United States Roper Nominated by President Roosevelt C. Canada ... given in salary of $10,000, and an assist¬ by the Supreme Court and will be President Court, Supreme by a director, be headed will bureau salary of $7,500. ant director at a Daniel in a decision on May 22, held that the salaries of all Federal judges ap¬ pointed after June 6, 1932, are subject to income taxes. In ruling that the Federal Government could collect an States The who will receive an annual Federal Income Tax United The of courts. States May 19 passed a bill providing for the an administration office of the United on Subject to Are Salaries of Federal Judges Rules Senate The deter¬ Secretary Wallace can conclude new proceedings to the May 5 that, on Comptroller of the Deputy a Currency Henry Morgenthau Jr. an¬ recommendation of the Comp¬ Treasury on J. Mulroney Mr. Mulroney went to Washington in 1933 to serve in the newly-formed Reorgnaization Division of the Office of the Comptroller of the of troller a the Currency, he had appointed A. Deputy Comptroller of the Currency. Currency. Dr. H. A. Morgan Reappointed to Tennessee Valley Authority by President Roosevelt hearty approval The President indicated in his message that he had dis¬ similar bill after the adjournment of the first session of the Seventy-fifth Congress. approved a President Roosevelt A. Board Directors of confirmation who of was the mercial Agreement—Export-Import Bank to Grant "was named of a for reappointment to the Valley Authority; Tennessee nine-year March, of the Board 1938, term, Dr. Morgan, became Chairman the President had removed Dr. Arthur E. Morgan from his office as Chairman after of Directors for "contumacy." Com¬ $2,500,009 Jerome N. Frank Elected Chairman of SEC—Leon Henderson Sworn into Office Credits A Tenn., the given by the Senate May 8. for Authority in and member President Roosevelt and President Somoza of Nicaragua Sign April 27 nominated Dr. Harcourt on of Knoxville, Morgan commercial agreement between the United States and signed by President Roosevelt and General Nicaragua was Anastasio Somoza, .President of Nicaragua, Washington. Under the terms of the on May 22 at agreement the Ex¬ and O. Douglas, now an Prior to member to set Douglas. purposes. the of firmed revolving fund for exchange was elected Exchange Commission port-Import Bank of Washington will extend to Nicaragua $2,500,000 in credits to improve transportation facilities and up a Frank Jerome N. the on Chairman of the Securities May 18, succeeding William Associate Justice of the Supreme Court. Leon Henderson was sworn in as a election the Commission. nomination of Mr. 4 Senate on May Henderson to succeed The con¬ Mr. It is understood that the vote electing Mr. Frank MONTHLY REVIEW 4 3 was to 2, George C. Henderson R. Interstate Commerce Commission the was weeks. A Unit Guild of Newspaper five-day strike of the Chattanooga "News" unit of the Guild ended Chattanooga Newspaper May 27 with the on signing of a one-year contract. The strike, which started on May 23, was participated in by members of the editorial, business, circulation and advertising departments. Regard¬ the withdrew News Chattanooga of Ended appointment but the Strike Five-Day by the Senate, and on April 15 the nomination at the request of Mr. confirmed never President the old contract, which expired April 30, was extended former Amlie, Operations at these mines were not interrupted, as four shop." Progressive Representative from Wisconsin, was appointed a Special Assistant Attorney General on May 22 by Attorney General Frank Murphy. He.will receive a salary of $4,600 a year and will be assigned to the Lands Division of the Department of Justice to handle cases arising in Wisconsin. Mr. Amlie was nomi¬ nated by President Roosevelt last January as a member of Thomas Pennsylvania anthra¬ operators and the U. M. W. A. was signed on May 27 following nearly two months' negotiations. The new agree¬ ment covers 100,000 hard coal miners and provides a "union Appointed Assistant Attorney General Thomas R. Amlie contract between two-year new cite Frank approving. Mr. and A Commissioners Robert E. Healy and opposing and Edward C. Eicher, Mr. With Mathews Associated Press Chattanooga advices, ing the settlement, Amlie. May 27, said: Brien McMahon Resigns Assistant Attorney General of as Guild Department of Justice in charge Federal criminal of of law. .j* On May as 16 President Roosevelt accepted the resignation Patterson explained that he plans to become Chairman of Mr. Roosevelt, in ac¬ important national corporation. cepting the Patterson resignation, in success "with his wished Mr. business and regret," much return to private into All dredge and W. E. Lee is The Senate Haden Idaho April on Alldredge 24 confirmed Alabama of nominations the and of E. of William Mr. Alldredge was named to succeed Frank R. while Mr. 1930, Lee, who has been reappointed. was Norman Armour of New Roosevelt Ambassador as Jersey, Ambassador now to nominated by President Roosevelt on May 4 as Ambassador to Argentina. He will succeed Alexander W. President recently appointed Ambassador to Spain. was Roosevelt 4 May also Robert Morss Lovett of Chicago, editor and writer, to be Govern¬ ment Secretary for the Virgin Islandsi on W. Weddell Sails Alexander W. Spain, sailed on 17 for his May embassy San at headquarters as appointed New Ambassador to Spain Sebastian pending final transfer of the was Russian Ambassador to United Oumansky was notified on May 10 that been appointed Ambassador to the United States, succeeding Alexander Troyanovsky, who was recalled last June to take the post of Ambassador to Belgium. Mr. Oumansky, who assumed the duties of Ambassador on May 11, had been Charge d'Affaires of the Soviet Em¬ bassy in Washington since the recall of Mr. Trayonavsky. Under date of May 11 Associated Press accounts from Washington said: The President Roosevelt's American envoy Ambassador > Government's Soviet to Joseph recent Moscow. E. Davis, designation of appointment The post now envoy Laurence Moscow to Ambassador new a of in A. had followed Steinhardt been as vacant since Belgium, left last June. Mr. of world leaders and Operators of Soft and Hard Coal Mines Sign New Contracts or sea, foreign on mark the In both declarations great emphasis was placed upon the beneficial effects of orderly strike in all of the Nation's soft coal mines, except Harlan County, Ky., was reached on May 13 with the signing of a new two-year contract between the operators and the United Mine Workers of America, affiliate of the Congress of Industrial Organizations. an The such intercourse, Mr. Roosevelt stated. is to promote the joint tween Roosevelt subcommittee deadlocked held a conference at the become White House on foreign Increased try. economic of terms take must In dweit ments but to secure it there must be fair exchange. as well as give, import as well as export. In U. was on May 10, and the agreed upon May 12. M. W. week A. for were State and a new indefinitely suspended conciliators, who had contract, left the parleys. County Coal Operators' Association bracing the "union shop" clause. on / May 31 and been opposes a negotiating The Harlan contract em¬ Secretary own, Hull which now includes 21 separate treaties. world, he remarked, in which mobilized mankind a by exhortation to the pitch of reckless be keyed to ceases unquiet of international affairs has The desperate occasioned in each and every nation the creation of competi¬ march toward mutual destruction too far, Mr. Hull said. "Whereas in more tive armaments, and the normal gone times the in the freedom and pride of rulers lay serenity of their peoples, their moral and spiritual progress, the in learning scholars their of artists, today it is concentrated tanks and and gifts the of their the number of their upon "This must end. when they surmount their fears and apprehensions, I am convinced, is to live at peace with their fellow men. By peace I mean the peace of understanding and not mere yielding to superior force. Therefore, there must be a return to the determina¬ tion not to resort to war as a means of settling grievances. The bombing planes," he continued. universal There desire be must discussion fair an must all of end an the trade come that will attempt stronger economic and the to once distrust to arms. substitute for There must ultimately lessen the And with these redound and of will limit and arrangements, recrimination peoples, the to threat agreement that These all. developments there arrangements between great material benefit of the atmosphere of mutual be dispelled, would go far in increasing the world's real wealth and in bringing about its full enjoyment by the peoples of all nations. This is the broad course for which we can working." are Latin America Another step in the developing "Good Neighbor" policy of the Roosevelt Administration toward Latin America was of Washington, May 22, in the form of an agree¬ official assistance to Nicaragua. The extensive understanding marked the close of an official visit paid to United the Harlah, Ky., conferences between the operators and Federal a then resumed in New York were his of statement program, announced in contract large dividends in friendly relations with the good results of his reciprocal trade agree¬ upon ment tions right to yields trade well-being and extended an submit their conclusions to him within 36 hours. new a profit by doing so." We shall May 9 with operators and union leaders, directing them to Negotia¬ have "In carrying out this intention we tinued. expect breadth of vision from all groups in our own coun¬ May 8, Presi¬ on "Our aims are that peaceful interchange shall again the normal state of affairs," the President con¬ hope and union, headed by John L. Lewis, won all of its major de¬ mands, including the "union shop." With negotiations be¬ dent business intercourse among The dominant foreign policy of the United States nations Settlement of the coal Roose¬ statement made policy was delivered, however, on May 21, to opening of "Foreign Trade Week." Secretary of State Cordell Hull read a message from Mr. Roosevelt on that occasion, and added some extended comments of his at creation of armaments. Workers world economic that Mr. be Troyanovsky left here shortly thereafter. United Mine indulged by 'President The invitation to Chan¬ affairs the preceding month. conference. already has States, Succeeding Alexander Troyanovsky Constantino A. has May of the remarkable foray in political of impending invitations for a It was reported, but denied, months ago proposed a meeting in some remote spot. The only May, action. formerly United States Ambassador to Argen¬ tina, was nominated by President Roosevelt on April 19. he work. Occasional rumors circulated in Washington, dur¬ seen. dell, who as to apparent intents and. purposes the United States Govern¬ to the befitting isolation from European con¬ cerns which is the traditional policy of this country. Whether this will continue to be the situation remains to We need Named return ment retired Spanish Government under Gen¬ eral Francisco Franco from Burgos to Madrid. Mr. Wed¬ new Constantine A. Oumansky will integrity of 31 nations, which the two dictators re¬ torial We Weddell, United States Ambassador to the United States liner Washington on new post. He will set up a temporary of the echoes no other nations, A. and jected scornfully, was not repeated in any form, and to all nations. Virgin Islands Post to was Weddell, who reinstated cellor Hitler and Premier Mussolini to guarantee the terri¬ own. Argentina-—R. M. Lovett Named Chile, McManamy, ICC Commissioner since an Norman Armour Nominated by President to Lee members of the Interstate Commerce Commission. as be to are velt -some Members of XCC J. were European ing Confirms Nominations of J. H. the pro¬ American Foreign Policy There , be praised his work in Government service. Senate of 29J. Roosevelt in Assistant Secretary of Commerce (effective July 15) of Richard C. Patterson Jr. as Assistant Secretary of Commerce. In his letter to the President, Mr. an [May Monday strikers All economy." was May 20, for the purpose of returning to the private practice that and ments Attorney prosecutions accepted by (President Roosevelt on May 17 "with feelings of most sincere regret." Mr. McMahon resigned, effective Richard C. Patterson Resigns provides against reduction contract of the Guild in the editorial and commercial depart¬ "no present employee shall be dismissed for reasons of portionate strength The resignation of Brien McMahon as Assistant General said the officials of States by General Anastasio Somoza, President An exchange of letters between Presidents Nicaragua. the agree¬ ment, which is somewhat similar to that made with Brazil Roosevelt on the March and 9. Central Somoza As in the American mercial and military. was made case of country to conclude Brazil, is to the assistance to be financial, com¬ The Export-Import Bank is to make 5 MONTHLY EEVIEW June, 1939] to bridge 000*000 unavailed. All basic features of the standstill will be continued for the next year, but a few technical changes are to be introduced. Beginning June 1 an effort toward stabilization of the travel mark will be made through use purchases here of machinery and other supplies necessary for "the construction of highways and other productive tions for which available to the small country a revolving fund of $500,000 seasonal deficiencies in export collections and pre¬ vent needless fluctuations in exchange rates. The official Bank also will set up a credit of $2,000,000 for Nicaraguan projects." American agricultural exports are to aid Nicar¬ agua in the development of various agricultural products, such as manila hemp and rubber, while military experts will study the feasibility of waterways development and will render assistance in military expansion. War Debts Diplomatic exchanges on intergovernmental place late in May and early in June, take debts usually owing to the payment date on June 15 of the semi-annual instalments of the agreements with 13 European debtor governments. There were indications in Washington on May 23 that the already had State Department the from reminders usual dispatched by that date, for a reply then was in from the British Government. It was, an Associated been hand Press dispatch said, quite identical with the polite refusal to pay which the State Department received last December. Dis¬ cussions may take place, the British note added, "whenever circumstances are such as to warrant the hope that a satis¬ factory result might be reached." The British action was taken generally as a forerunner of similar notes from most other European debtors, and certainly from all the large countries. Finland, it was presumed, will continue to main¬ tain its excellent record of full observance of its financial pledge, but it should be noted that the Finnish debt, like one or two others was incurred for relief requirements and not for war purposes. Hungary proposed a year ago the repayment of its debt without The Rumanian debt came up in this interest. for consideration somewhat series of diplomatic exchanges on the usual advance of It became known on May 1 that the Govern¬ proposed conversations for the read¬ subject. ment at Bucharest had of regularization and justment official liumanian announcement debt the position. An stated merely that a pro¬ wouldlBe submitted to Washington, while fresh offers made at the same time to holders of privately-issued Rumanian dollar bonds. A note was handed to Secretary of State Cordell Hull on May 3 by posal of debt service would be Iladu Minister, liumanian the Irhnescu, not made funding commission which negotiated the It was stated in Bucharest dispatches vival of the debt settlements. that King the move, but there was some whether the larger debtors initiated Carol wonderment in Washington as to might not have stimulated the Rumanian approach in order to ascertain the minimum acceptable to the United States in a British efforts Unofficial authorities British readjustment all of Capital Regulations have to been prevent American securities which might be of fresh lowering of the pound sterling, as against the dollar. This "unofficial ban" was made more rigid on May 17, according to London reports, through circulars addressed by the Bank of England and the Committee of the Stock Exchange to all interested deal¬ ers. The effect of the circulars, a dispatch to the New York "Times" states, is to bring all banks and brokerage firms into line, and halt the quotation in dealers' lists of American stocks and foreign dollar bonds. Even the cus¬ of speculating in sort based expectation an on obligations of British Do¬ The action was viewed as merely a strengthening of the appeal to British financial patriotism which Sir John Simon voiced a month ago. "The good sense of investors will indicate to them that the export of capital would be deleterious to the national interest," he then said. All reports agree that, as matters stand, purchases of American stocks or bonds still can be effected readily in London for strictly invest¬ ment purposes, but the exportation of "refuge" money through operations of this sort will be discouraged. Trad¬ ing is to be continued in London, as usual, in American and other foreign securities already held there. offerings of tomary minions the dollar longer are being made, it appears. no Cotton Conference After years of fruitless international wrangling over the of wheat exports and production, another series "exploratory" discussions apparently will take place, this time with respect to cotton. Secretary of Agriculture Henry A. Wallace proposed the conversations. The cotton question of the wheat quite obvi¬ the absurdities of the agricultural program of Artificial maintenance of high prices for the problem is far more typically American than difficulty, with the loss of our external markets ously due to recent years. States United of product stimulated production in countries, other some a number of which now have reached the point of exporting on a handsome the debts. of late by the extensive outflow of increased any fugitive capital, known generally in the London market as "funk money." For some time Chancellor of the Exchequer Sir John Simon has endeavored to hold to a minimum the public. opened for discussion of a settlement on the basis of sharply reduced payments over a long period of years. Secretary Hull felt sufficiently encouraged, however, to hint at re¬ old the but the contents It wras suggested, however, that the communication did not constitute a definite offer of settle¬ ment of the default. The way seemed merely to have been were The liquidation of obliga¬ Golddiskontbank last year assumed re¬ sponsibility will be hastened. Provision was made to scale down unavailments, and the constructive aspects of recommercialization are to be continued on an enlarged basis. Holders of the so-called Lee Higginson credit are to be per¬ mitted to liquidate a further percentage of the advance, if desired, by calling 1 registered marks. The credit of Austria and the ISudetenland, finally, have been included in the latest agreement. Both debtors and creditors expressed satisfaction regarding the course of the conversations. sliding scale for licenses. of a scale. Our surplus now placed at 14,000,000 bales, of which no less than 11,400,000 bales represents Government-loan cotton. Having failed so signally in the United States, Mr. Wallace now envisons a conference for world-wide control of production and mar¬ is Bank for International Settlements Representatives of shareholders in 23 countries assembled Basle, Switzerland, on May 8, for the ninth annual meet¬ ing of the Bank for International Settlements. The session at Acting for the Secretary of keting. Agriculture, the State confined to routine matters, such as the voting of the usual 6% dividend. But the annual report for 1938, prepared by President J. W. Beyen, presented some interesting items. This document, a New York "Times" dispatch indicates, emphasized the world-wide Department on May 31 dispatched invitations to the lead¬ ing producing countries for an exploratory gathering in quotas and political tension which has made the conduct of ordinary business so hazardous and difficult. Some comfort was invited are apparently was taken, however, in the sizable degree of recovery achieved in the United States from the extremely depressed con¬ The report also added that the B. I. S. continued to provide assistance and facilities in the field of international finance, where normal credit ditions of early last year. operations impossible owing to the flood almost are of restrictions, embargoes, blocked accounts and other impedi¬ ments. foreign exchange transactions and gold betwen central banks constitute the principal activities it must also endeavor to promote the Bank, of regular relations in currency, credit and trade, according Sir Otto Niemeyer, Chairman of the B. I. S. director of the Bank of England, presided at the to the report. and a of bounties. The countries India, Mexico, Peru, Sudan, Russia, France and Great Britain. The two lastnamed countries are invited in behalf of their cottonthe elimination Argentina, Brazil, Egypt, Acceptances doubtless will be forth¬ American surplus is a factor of great potential disturbance in the markets of the world. Whether any agreement can be reached that actually will tend to solve the problem of the American surplus remains colonies. exporting coming in every case, for the most questionable. Although transfers annual Washington, beginning Sept. 5, which is to determine whether a basis can be reached for an agreement on export President Beyen reiterated his desire to meeting. retire and urged that his successor be named. Standstill Agreement European Alignments diplomatic skirmishing continued in Europe throughout May, but there was less anxiety than in previ¬ ous months about the early outbreak of a general and civilization-destroying conflict. The Rome-Berlin axis was made a full military alliance in the course of the month, Brisk thus setting at based on a rest the reports that only a loose agreement unity of some interests bound the two dictatorships. fascist A good deal of apprehension existed regard¬ 15, with an acceptable possible moves by the aggressive dictators toward of still more territory, but there were no changes in this respect. The German-Polish conflict regard¬ the situation. The standstill problem dates from 1931, when credits of $1,250,000,000 were involved in the German economic collapse. The figure point of war infection, with indications lacking as to when Herr Hitler might make a move to settle the question in conversations Extended ment covering on the German standstill agree¬ the short-term credits granted to that coun¬ try were concluded in Berlin, on May agreement for continuing has been reduced year by year, largely by repayments and partly by losses taken by creditors under the involved sys¬ tem of German exchange dealings and regulations. State¬ ments issued at the close of the May meeting indicated that the lines now have been reduced to an active figure of $276,000,000, The with American a share $34,000,000 of unused lines. $67,000,000 outstanding and $14,- further is ing absorption ing Danzig the and the Polish Corridor again was the chief typically German fashion. On the non-aggression side all efforts still were directed toward of the European front bringing Russia into the Great Britain and France. aspects when conversations rapid Grand Alliance contemplated by This problem assumed dubious the Russians rejected all advances, but the were continued. Also continued was the rearmament which is steadily drawing much of G MONTHLY KEVIEW Europe to the brink of economic disaster. Capital again was sent to the United States in heavy volume for safe¬ keeping, the Europe to shipments from sizable gold and Although the Polish-German difficulties about Danzig and remained in abeyance, some clarification of the Pomorze The Polish Foreign Minister, on May 5 to the speech which achieved. Colonel Josef Beck, replied was Chancellor before made Hitler Adolf the Reichstag on April 28. The address of the Polish spokesman before the Sejm was forceful but conciliatory. Much of it was devoted to an outline of diplomatic events of recent years, such as the formulation of the 1934 treaty with Germany and its denunciation by Herr Hitler, on the basis of the new agree¬ London was the result, Colonel Beck concordance of views, lem of Great Britain. Poland and between ment The said, of pact with admirable an and he saw no reason why the prob¬ Danzig and the Corridor might not be settled amic¬ It ably with the Reich. heightened Ivan United States attested this tendency. atmosphere ponent of cooperation with Great Britain and France, andi a serious impression was made by the incident. This was Russia at it was hoped that personal contacts with British and French spokesmen might further the anti-aggression alliance. The selection of M. Maisky was an obvious rebuff to London and Paris. Russian official posed cluding from the Beck. Colonel regarded one-sided as made statements Beck, but when a Baltic Sea Concessions he by demanded and Herr stated was lacking Hitler emphatically by in the Reich Some by M. aims and generally that peaceful peaceful methods dominate his country. Danzig occasioned a mild European war scare within the citizen killed was were reciprocity. questioned were asserted German not by on May 20 Polish a official of the Free City. area The fear prevailed that the incident as a pretext for overt German Nazis might use but the matter permitted to pass over after some days of press attacks on Poland. The impression finally began to prevail, on May 27, that an international adjustment of the Danzig problem was under consideration. It developed that the status of the Free City was being dis¬ moves, was 11 in May on clear made was the that because of only obtain genuine military aid from the locations. The British proposals changed in an endeavor to meet the Russian views,, May 31 Premier and Foreign Minister Molotoff made plain that they still did not meet Russian requirements. but by barred will It were be Poland That "Izvestia." States which could Moscow, sible Baltic. terms Russian collaboration would require a hard and fast agree¬ by Great Britain to fight in the defense of Russia, and not merely a willingness to go to the aid of buffer Moscow, the anti-aggrefssion "alliance proposed uncertain no ment City is really an issue in itself, or merely a cloak for pos¬ toward the on in newspaper An moves views forth set were indicated that Poland proposed a common guarantee of Danzig on March 26, and since no answer was received the question arises whether the Free was by a Russian decision to have Ambassador Maisky, who is detailed to London, represent the League of Nations Council meeting, at which M. it on effective on pact of mutual assistance a the to was demanded by defensive basis only. Guaranties were pro¬ States of Central and Eastern Europe, in¬ all European effectuate these demanded was countries bordering Russia. on general proposals a concrete of Great Britain and France stipulated lines. To undertaking on precisely It was revealed that the British proposal made reservations as to certain clauses of the League Cov¬ enant, and Russia indicated that this would not be accept¬ able. M. Molotoff, finally, made an interesting gesture toward the Reich, through suggestions for a resumption of trade negotiations. On the Rome-Berlin axis side of the European alignment the chief development was the elevation of the axis under¬ standing to full and unreserved mediation of the League of Nations High Commissioner for military alliance. A by Germany and Yugoslavia, late in the month the Yugoslav Regent, Prince Paul, paid a visit of state to Berlin. The effort of the axis with respect to Yugoslavia is well understood to be directed toward keeping that country neutral in the event of war¬ Danzig, Dr. Karl J. Burckhardt. fare, held in France will fail. cussed with ferred interests all equal circumstances in Since through the there is7 Reich. in Neville Chamberlain made it clear the aim of of and of proffered might we prosperity, debate in the House In which the olive an branch great expansion a might of course of Commons, May 11, "there on see which declared that intentions would lipes could every foreign affairs a Germans. the only lead result favorable in Great Britain circumspection, with in as would the It assertions of discuss said, might for method any be Great by "We permanent a greatest Government care a was Even intentions. included in "will the negotiations France in for the the the talks, Mr. refuse not to satisfy reasonable outward indications that the we can There were no German Nazis took notice of this sweeping offer. The complications of European politics were well throughout and charged general lack of faith Britain which aspirations." trated he indicated, however, exercise the German non-aggressive German colonies Chamberlain negotiations. was being directly responsible for its lost demands, would discuss the terms of we peace," Mr. Chamberlain said. that fresh to backward in stating what is our view of the which month by aligning Russia the difficulties with Great illus¬ of Britain the and Grand concluding a it known on May 12 that a provisional Turkey had been reached for mutual aid pact with Russia, and as an obvious stop-gap made was Eastern leading Mediterranean, to war. But in the the of event agree¬ in aggressive the was unsolved early in the month, and several curious circumstances indi¬ cated the a but a and in vital change in the affairs of highly sensational announcement the of the Premier Moscow. was Vyacheslaff M. regarded in Europe for endure there is to be at least no 10 years, separate peace. as are to begin immedi¬ to be made to draw other nations into are Purposes of the treaty, according to the include not signatories, On made Molotoff. only but advancement also the of the interests of assurance peace in League of Nations For a May 3 that M. the leading Russian week, beginning For¬ Lit¬ ex¬ on May 22, the League of Nations convened at Geneva tional Council debate to of the interna¬ problems, but the meeting was marked by utter indicating once again that the Geneva organiza¬ tion no longer possesses any political importance. The humanitarian and economic activities of the League are valuable, but the Anglo-French dominance and use of the League have made it useless as a means of adjusting inter¬ futility, national of differences. Only 11 items were on the agenda session, and of these only two were political. The important of the political items was the Chinese de¬ the more mand for action Wellington the Koo matter was taken and against had aggressive Japan, China's presented quietly shelved. but case, Similarly, after on no May Dr. 23, action was with respect to the question of fortification of the Islands in the Baltic Sea, as proposed by Finland Sweden, owing to Russian objections to precipitate Private conversations among the representatives Geneva far overshadowed the formal gatherings, but measures. at even to these send to Maisky. subdued were Geneva British was voiced but these the and because of Russian the decision Ambassador to Great Britain, Ivan French adherence to League ideals May 24 by Lord Halifax and Georges Bonnet, perfunctory declarations were far from con¬ on vincing. Royal Tour King George VI and Queen Elizabeth of England arrived at Quebec on May 17 for the first visit ever paid to America by the actual rulers of the British Empire, and after con¬ cluding their extensive tour of Canada the royal couple The omen is a good one for continued amicable relations between Wash¬ ington and London, although it may be noted in passing will at was is to war Europe. turned vinof f It of event combination. able to the preamble, eign Commissar Maxim Litvinof, who had guided Russian foreign affairs almost from the beginning of the Com¬ munist regime, had been relieved of his post, which was over single will. acts Russian enigma remained and at the end of May. The Anglo-French proposals for a system of mutual guaranties of Poland, Ru¬ mania, Greece and Turkey were rejected by the Russians still published, called for close collaboration in all spheres, in peace and in war, to the end that the two nations will have Aland Alliance against aggression. In the foreign affairs debates of the London Parliament, Mr. Chamberlain was criticized roundly for his dilatoriness in ment with military alliance would be signed, on May 22. The pact, as a While definite German renunciation of aggressive a might not be on capitals that and the event occurred in Berlin May 19, the British on to benefit denying that Great Britain is prepared to buy peace with concessions Rome provides Europe with a importance. It was indicated in and profound Military and economic consultations people in the world." leader of ately, and efforts Government is solely to maintain could get a little relief from this inter¬ indications that trade the axis It is clear, on the other hand, that the full Germany British tension," said Mr. Chamberlain many of factor new question whether any progress was made in some we "If only national are the several occasions that on alliance The partners of the famous axis endeav¬ Spain to their anti-democratic front, but add to that direction. the opposing camps. In reply to the German cry of "encirclement," however, Prime Minister peace. also to city admittedly is more than 90% German, no surprise would be occasioned by a move of this nature, in which Poland might receive adequate guarantees. The European situation, in other respects, revolved almost entirely around the alignment of the axis and the countries ored "appeasement" thrown made that the "encirclement" policy of Great Britain and so be the non-aggression a agreement was of another provoked rumors which Danzig might move, chiefly Long conversations were by the League official, and he then con¬ length with German Nazi leaders. These Warsaw at concerned, trade and journey to Washington early in June. the American to friendliness Great Britain European affairs. first to cross at The doubtless the current British the Atlantic on seems especially desir¬ uncertain juncture sovereigns the battle were of scheduled cruiser Repulse, but it was decided at the last moment that this important municipal council and through forays in The demands at Amoy were put in a most emphatic manner, through the landing of troops who attempted to take over the international settlement on May 12. British, French and American warships promptly were dispatched to Amoy, and on May 17 the combined forces of the three nations demanded a withdrawal of the other treaty detailed for the voyage. ' The people of Canada welcomed the King and Queen most heartily. A transcontinental tour was under¬ "Empress of Australia" finally was which taken regal the carried by Vancouver to pair May 29, and it was generally agreed that the trip inspired Canadians with new patriotism and loyalty to the Crown. in London on May 17 the British Government resumed its efforts to solve the extraor¬ White Paper published a a concessions at Shanghai, made in ago for partitionment of the country, and to the London conference of last winter, at which Arabs and Jews years failed to find a common basis for an London the When understanding. failed it was well understood gathering that solution along lines the British Government would impose a held by the Cabinet to be recommended by it, which were advanced dif¬ views then officially expressed. An independent State is to be created in 10 years, or in a longer period if required for peaceable transi¬ tion. The British mandate is to be continued until proper provision has been made "for the protection of the different communities in Palestine in accordance with the obligations of his Majesty's Government to both Jews and Arabs and for the special position in Palestine of the Jewish national The proposal now fair in the circumstances. fers opportunity to participate in the machinery an government, and the process will be carried or not they both avail themselves of it. the whether The sections of the population meantime both the In have will of in minor detail from the only home." on Jews and Arabs in self-governing populations, which participation of institutions will be in the ratio of their approximately two Arabs to one Jew. It is insisted, however, that the civil and religious rights of all inhabit¬ ants will be safeguarded, regardless of race and religion. is of the White Paper is devoted to the vital immigration, which has assumed particular importance because of the indignities heaped upon Jews in many parts of Europe. It is proposed to permit the migration to Palestine of only 10,000 Jews annually, with this quota increased another 25,000 over a five-year period through special arrangements covering refugees. After the 75,000 Jews thus have been permitted to enter the country immigration is to cease unless agreed to by both factions. A good part of question will be subject to the strict control of the High Commissioner. As might have been expected, these British proposals promptly were at¬ tacked by the Jewish Agency for Palestine as a "breach The Jews by land of acquisition terrorism." of faith and a surrender to Arab Arabs better Nor were the the "solution." It was generally agreed in London, however, that the plan will be rushed through Parliament and made effective imme¬ much pleased over Spain in May its second full month of peace, civil war which ended with the victory of the Nationalist forces of General Francisco enjoyed Spain after the long and devastating Franco, but made toward recon¬ struction of the country. The food problem of the larger cities began to diminish, however, despite war prices in no great other and relations national struggling centers the was progress its Spanish Government appears adjustments toward In necessaries. for of the various inter¬ to be pressures being applied from Rome and Berlin on the one side, and Paris and London on the other. The long-delayed victory parade in Madrid finally was held May 19, with some 150,000 soldiers participating, of whom at least 10,000 were Italians and 5,000 Germans. The foreign legionnaires thereafter for their own coun¬ tries, and on June 1 the last of the important movements took place, for on that date some 20,000 Italians left Cadiz for Naples. The German "Condor" legion departed before that 'date and was received officially in Germany as a formal fighting force. In Rome reports of May 23 it was began take ship soon to that indicated Nationalist Italy expects to collect a "war debt" from Spain of 10,000,000,000 lire, and it is believed Germans the also will make claims, the payment to be effected in iron ore and other supplies that might be useful in industries. munitions the that loan a of Reports $100,000,000 is circulated under in Paris contemplation French, Dutch and Swiss interests, but little apparent was made with this project. by prog¬ Far East international "incidents" reflected in May the being waged by the Japanese militarists against the Government and people of China. The aggressors are finding it difficult to make military gains, and even have suffered some serious set¬ backs, as a consequence of the new Chinese policy of spread¬ strains ing occasioned out over a men tions which forces of sorted to number by the undeclared could Japan. of Chungking. attacked readily In this situation wholesale war vast distance and be avoiding concentra¬ by the mechanized the bombing of civilian Japanese have populations in re¬ a cities, and especially in the provisional capital, They also have attempted to gain more trade advantages, through demands for greater representation continuation of the earlier part of the month, showed an improvement during the closing weeks as a result of the settlement of the coal situation and the heavy bookings of sheets and strip at reduced prices. All of the important indices of iron and steel activity, excepting automobile production, moved upward during the closing days of the month, and on May 29, encouraged by_ the higher steel operating rates, scrap mar¬ after reporting trade, a downward trend in steel production during the kets took on The ness. a tone of strength after having shown weak¬ capital goods index has gained for "Iron Age" second consecutive week, the standing at 60.9, now 1.8 or points above the low for the year thus far of 59.1 in the week of May 13, according to that publication in its issue of June 1. Pig iron prices have been reaffirmed for the third quarter. "Steel" of Cleveland on June 5 announced May was 1,716,544 tons, "total pig iron production in that compared with 2,063,080 tons in April and 1,260,937 tons in May of 1938. Output for the first five months of the current year amounted to 10,408,485 tons, an increase of 51.5% over the corresponding period last year. At the end of May of this year 107 blast furnaces were active, as 102 compared with The "Iron Age" com¬ April 30." on posite price of steel scrap, after dropping on May 2 from $14.33 to $14.25 a gross ton, and on May 16 to $14.08 (low¬ quotation for the current year), recovered to est $14.21 on May 29, which compares with $11.17 in effect a year previ¬ ous. The "Iron Age" composite price of finished steel de¬ clined from 2.286c. a pound to that figure during at 2.236c. on May 16, remaining the balance of the month, and com¬ with 2.487c. at the close of May of 1938. No change in the "Iron Age" composite price for pig iron, that metal holding at the $20.61 price, which com¬ pares with $23.25 a year ago. / The operating rate of steel companies having approxi¬ mately 96% of the steel capacity of the industry, according pares reported 52.2% at with the Iron American the to for and week the Steel Institute, beginning was scheduled as compared 29, May 48.5% for the preceding seven-day period, 45.4% for week beginning May 15 (the lowest level since the Sept. 12, 1938, week), 47.0% for the week beginning May 8, 47.8% for the week beginning May 1, and 48.6% for the week As on to 24. At the close of May of 1938 reported to be at the rate of 26.1% of April beginning operations were capacity. non-ferrous metals, "Metal and Mineral Markets" May 4 stated that the total tonnage of non-ferrous metals sold since during that past week was larger than for any week the middle of last October, this increased volume chiefly resulting resulted from the late in April. from the active buying of copper that %c. uplift in quotations which occurred In its issue of May 11 the same publication reported that the volume of business was good, with most of the activity in copper. An unexpected reduction in thq, domestic quotation of copper from 10.25c. to 10.00c. took place on May 8, and on May 10 a recovery in London prices set off another buying movement in copper here, with lead and zinc again moderately active; buying of tin, on the other hand, was on a reduced scale. stated that with unsettled London On May 18 it was prices and weakness in securities here, the tonnage of metals purchased during past week was much smaller than in the preceding week. On May 25 "Metal and Mineral Markets" stated that except for a steady demand for lead the market for that ress Various Steel Trade—Non-Ferrous Metals steel The was diately upon acceptance by that body. Madrid Demands for greater Japanese diplomatic channels, were turned down by Great Britain, France and the United States. The Japanese next attempted, obviously to create a diversion, to halt foreign vessels approaching Hongkong, on the pretext that the ships might actually be Chinese carriers of war supplies. Palatial liners of types that the Chinese never did possess were halted, and prompt objec¬ tions were made by the British, French and German For¬ eign Offices. No American ships wTere molested. China. occupied areas of difficulties presented by (Palestine. The document sequel to the hastily abandoned proposal of several dinary is ports. Japanese. The latter complied, and the loss of "face" or prestige suffered in consequence was immediately reflected in a severe fall of the unbacked yen that circulates in the Palestine In Shanghai the spared, and the converted German defense unit could not be liner 1 MONTHLY BEVIEW June, 1939] on non-ferrous London metals prices quiet. was On June 1 it reported that for non-ferrous metals were firmer improved demand for nearby metal, which action flected in on an was re¬ better tone here. Domestic quotations for lead unchanged throughout the month, the former holding at 4.75c., New York, and the latter at 4.89c., New York. During the week ended May 30 domestic sales of a and zinc were copper amounted to 8,201 tons, as against 5,789 tons in the preceding seven-day period, 21,291 tons for the week ended May 16, 9,319 tons for the week ended May 9, and 38,502 tons for the week ended ended tons May 31 in the totaled May 2. Sales of lead for the week 5,979 tons, as compared with 5,990 preceding week, 4,856 tons in the week ended 8 MONTHLY REVIEW May 17, 5,815 tons in the week ended May 10, and 9,728 May 3. Sales of the common grades of zinc in the week ended May 27 amounted to 3,944 tons, as against 2,790 tons in the previous week, 3,462 tons in the week ended May 13^ and 7,639 tons in the week ended May 6. Demand for tin, which had been active to fair tons in the week ended during the early part of the month, was moderate during the closing weeks, with business interrupted by holidays abroad and here. Tin prices ruled fairly steady in London feeling over the international political situa¬ tion. The operating rate of the tin-plate industry here continued during the month at 70% of capacity. Deliveries on of better a tin in the long March. The 5,980 in tons quotation of tin on May amounted to 5,905 April and 4,755 tons in May 1 was 49.25c., New York. After dropping to 48.70c. on May 23, the price of tin recovered and closed on May 31 at 49.00c. The lumber industry during the week ended May 27, 1939, stood at 72% of the 1929 weekly average of produc¬ tion and 74% of average 1929 shipments, according to reports to the National regional portant hardwood ments and Lumber Manufacturers Association associations and covering the operations of im¬ softwood orders were new mills. about Production, ship¬ 72%, 70% and 74% of the corresponding figures for the same week of 1929. Re¬ ported production in the week ended May 27, 1939, was below 3% the preceding week, which was the heaviest of any to date; reported new orders were 2% below and shipments 1% above the May 20, 1939, week. New orders, production and shipments for the week ended May 27, 1939, were 24%, 26% and 24%, respectively, above the corresponding figures for the same week of 1938. 1939 week New business production week (hardwoods and softwoods) shipments were 1% above and ended weeks of in the for the output May 27, 1939. Reported production, 21 3% below was shipments and the current to date year new orders were 19%, 14% and 15%, respectively, above the corresponding period for the same period in 1938. New business and shipments for the 21 weeks of 1939 were 8% and 7%, respectively, above output. During the week ended May 27, 1939, a total of 511 mills produced 233,970,000 feet of hardwoods and softwoods com¬ bined ; shipped 235,164,000 feet, and booked orders for 227,809,000 feet. Revised figures for five preceding weeks follow; No. of Mills Production Shipments (Feet) (Feet) (Feet) May 20, 1939 539 May 13, 1939 May 6,1939........ April 29, 1939 April 22, 1939 .«.. 232,512,000 526 240,524,000 232,794,000 231,609,000 219,134,000 220,945,000 231,978,000 Weekended— j j ■ 532 519 545 Orders Received quantities of resale hides at slightly lower Total visible stocks of all cattle hides and leather reached a low figure on March 31 when new equivalent of 27, 1939. and they slightly more than six months' terms of current leather consumption. Tanners' were supply the in holdings of estimated to be adequate for their near-term requirements and many are awaiting clarification raw stock, however, are of the outlook for the fall ther shoes season before making fur¬ commitments." Grains The firmness which developed in the domestic wheat mar¬ ket during the latter part of March was increased during the month of April. In response to unfavorable weather conditions in both the winter and spring wheat into seasonal new which assumed high ground. belts, prices of rainfall, Lack proportions of a drought, together with hot to have caused serious crop deterioration many important sections. In the first place the crop lacks sufficient subsoil moisture owing to inadequate rain¬ fall received last fall, and under such circumstances the winds, were said in crop needs proper timely and frequent rains in the spring to make Instead, hot winds absorbed the little progress. surface moisture of production Weather there was, have been and scaled as result all a down. The estimates Government Bureau reported that from March 1 to May 15 precipitation in Kansas amounted to only 74% of normal, Nebraska, 59%. The spring wheat belt did not fare as well as this, none of the States getting more than and in 66% moisture, while most of them received only about 50% of normal. On May 10 the United States De¬ partment of Agriculture estimated the winter wheat crop at 543,928,600 bushels on the basis of conditions on May 1, or well below the 1938 production of 686,637,000 bushels. of normal The report also noted that there had been further decrease prospects for winter wheat since May 1 in in Nebraska, Kansas,. Oklahoma, Oregon and Washington. While the estimate of the spring wheat produc¬ tion, it noted that "in both the Northern Great Plains area and in the Pacific Northwest growing conditions have been Department made no unfavorable during the past few weeks, and the progress largely dependent on good, timely precipita¬ tion during the next two months." As a result of the lower production prospects this season, Secretary Wallace of the crop is announced on May 15 that there would be no wheat mar¬ keting quotas this year. This means that there will be no referenda on this question by wheat farmers. Secretary Wallace also announced that the wheat allotment acreage for 1940 would be 221,568,000 216,964,000 234,254,000 231,717,000 231,668,000 243.647,000 218.314.000 229.684.000 West Coast, Southern Hardwood and Northern Hardwood regions reported new orders above production in the week ended May hide prices. acres 65,500,000 tistical Southern Pine, West Coast, Southern Northern Hemlock and Hardwood regions reported shipments above output. All regions but Southern Cypress reported orders above those of the correspondingweek of 1938; all but California Redwood reported ship¬ ments above last year. All but Northern Hemlock and Northern Hardwood regions reported production above the 1938 week. 62,000,000 acres, an increase of 7,000,000 55,000,000 acres allowed this year, when the over Sales actually seeded. were acres outlook ment. Hardwood in the packer market, although futures permitted traders decline in to market sizable moved Lumber Movement from reached 10%e. cows subsequent United States during against tons native the for of wheat wheat showed and Meanwhile considerable the sta¬ improve¬ flour for export from July 1 109,300,000 bushels, with every evidence that the season's total will reach 125,000,000 bush¬ els. Domestic disappearance is estimated at 705,000,000 bushels, so that the carryover at the end of the current to April year 30 approximated promises to be about 270,000,000 bushels. statistical mand outlook from the likewise Orient import requirements pointed has been to more The world improvement. active, and De¬ world were increased, by a reliable authority, 568,000,000 bushels to 580,000,000 bushels. European from also promised to be smaller this year, and while Canada and Argentina still held large surpluses, conditions appeared to be becoming more favorable for their disposal. Firmness also prevailed in the corn, oats and rye markets during the past month, and rye in particular. Adverse crops Hides, Leather and Footwear The First National Bank of Letter," under date of Boston, in its "New England May 26, discusses these markets as follows; I "Shoe production has declined much the high level of from than seasonally March, when output reached second largest total sales have mated to in more on record for that period. the Since retail lagged somewhat behind production there is esti¬ have been distributive a moderate accumulation of footwear Jobbers and retailers, accord-' channels. ingly, restricted while unseasonably cold their initial purchases weather of eliminated summer many shoes of the follow-up orders which usually constitute about one-third of the season's business. Manufacturers expect an early termination a of the summer run which normally close in the middle of June. Idle put some pressure on prices, but draws to productive capacity has difficulty in estimating labor costs for next fall has disouraged the naming of definite quotations for the coming season. "Sales of leather have increased over the seasonally low level of April. Manufacturers of calf and side leather have booked substantial orders in black suede for women's shoes and in cheaper grades of men's weights for fall. Prices improved slightly on the buying wave. "Sole leather moved in fair amounts throughout the win¬ forced to curtail operations in April as prices moved lower. Middleweights and heavy grades have been relatively weak while lightweights have been gen¬ erally firm. Production is estimated to have declined to about 75% of capacity, and no real improvement is antici¬ pated by the trade before summer. ter, but tanners were Meanwhile are ample. "Hides recovered point of mid-April more on a than good supplies lc. per pound from the low volume of buying. Light weather and crop conditions, like in wheat, was the dominat¬ Chicago the July wheat option closed on May 31 at 78%c. as against an opening price of 71%c. on May 1. At Winnipeg the July wheat option closed at 65%c. as against an opening of 64%c. on May 1. July corn in Chicago closed on May 31 at 53c. compared with an opening of 49%c. on May 1. July oats closed at 32%c. as compared ing factor. with an 54%c. In opening of 29%c. as compared with May 1. July opening of 44%c. on an rye on closed at May 1. Sugar The market for sugar "futures" reversed its trend during the past month, the general tendency being downward. During the early part of the month there were spurts of firmness attributed to reports from Havana that progress was being made towards settlement of private United States debts against the Cuban Government which it was believed would be followed by the new United States Cuban treaty which would permit the reduction in the Cuban duty. These spurts of strength, however, were they met increased offerings. Later, liqui¬ prompted by the proposal of the International Sugar Council's Executive Committee that the British Do¬ short lived, dation as was minions and additional Colonies sugar, cision of the a a tendency operate nitely permitted which to will Council, which is scheduled in the middle of June. be be matter more settled. on or the ship be 153,000 left to tons the de¬ to meet in London In the meantime there appeared to part of merchants and less cautiously until the matter Spot markets ruled quiet, and traders was the to defi¬ move- 1 refined of ment sugar Sales of comparatively slow. was continued of small proportions, consisting of the following, all c. & f., exclusive of duty: On May 3 afloat at 2.00c.; on May 4, May shipment at 2.05c.; on Cuban sugars raw at 2.00c. delivery, 4.45c. to 4.50c. throughout the month. May 9, ex-store at 2.00c., and on May 16, afloat wholesale list price for refined, immediate The 9 MONTHLY REVIEW June, 1939] serious obstacle in the thus continuing to place a ening, path of export sales. While early in the month the chances of adopting the proposed export subsidy program seemed lessening, later on the belief grew that the export subsidy may, after all, be adopted, as a result of which view Amer¬ ican futures abroad displayed distinct weakness. Because Coffee "futures," after moving the market for coffee in 'Prices upward during the greater part of the first half of the mohth, subsequently lost part of the gains. The early strength of the market reflected an improvement in pri¬ mary markets, and a more active inquiry from roasters in the United States. Visible stocks of green coffees in the roasters are said are be to the first of since down run comparatively small, and believed to have allowed their inventories to States United However, roasters with a the year. reluctant to follow the advance in prices, and were the in subsidence developed prices as same on Dec. 31, against 5%c. Nov. 30, the same as Oct. 31 and as Sept. 30; 5%c. Aug. 31; 4%c. July 30, the June 30 and May 31; 4%c. April 30; 5*4c. on ' steady trend during most of the was the decision of the Committee on May 16 to raise the export quota for the third quarter to 55% from the present rate of 50%. While this move was expected to slow up the current improvement in the world statistical position, the rate of increase was rather less than antici¬ The month. a outstanding event International Rubber Regulation pated. A constructive factor was the publication on May 16 the United States consumption figures for April showing increase to 44,166 tons from 29,730 tons in April, 1938, reduction a domestic in stocks of crude rubber from 303,901 tons April 30, 1938, to 190,896 tons April 30, 1939. While tire factories their slackened purchases the tone of the market remained Far Eastern security steady, reflecting the scarcity and the better feeling in the offerings markets as result a of the waning European tension. Ribbed smoked sheets for spot delivery were quoted at 16 ll/16c. asked May 31 against 16c. asked April 29 (April 30 was Sunday); 15%c. asked March 31; 16%c. asked Feb. 28; 15 13/16c. asked Jan. 31; 16%c. asked Dec. 31; 16^c. asked Nov. 30; 16 %c. asked Oct. 31, the same as on Sept. 30; 16%c. asked Aug. 31; 16%c. asked July 30; 14%c. asked June 30; ll*4c. asked May 31; 10^4 c. asked April 30; 10%c. asked March 30; 14%c. asked Feb. 28; 14%c. asked Jan. 31. Textiles The textile trades continued irregular, although improved of the tie-up in the soft coal mining industry, and the lessening of the Euro¬ pean tension served to improve sentiment in some direc¬ tions. Retail trade, after early sluggishness, chiefly due to unseasonally low temperatures prevailing in many sec¬ tions of the country, improved perceptibly during the latter part of the month, notably in the local area where the weather effect felt conditions, of in growing influx of visitors began to be Dollar measure. volume comparisons with last year improved materially, partly, however, owing corresponding period in 1938 was par¬ ticularly affected by the recession then under way. Whole¬ sale trading continued to leave much the towards of end the month to be desired. activities broadened Only some¬ retailers placed substantial re-orders on summer steadier price trend developing for some staple items caused wholesalers to enter the market in a as goods, and the moderate way. outlook is much as hands are Barring foreign complications, the nearby with some degree of confidence, in as viewed inventories believed to both be in retailers' and wholesalers' of entirely normal proportions, replenishment, once business shows any requiring quick distinct improvement. Raw cotton in May showed con¬ siderable strength during most of the month, notably for spot and old-crop deliveries. the obvious acute channels caused shortage The paramount influence was the staple in commercial of by the temporary withdrawal of close to 80% of the available cotton supply in the country through the Government loaning operations. As a result spot and nearby delivery prices reached a point where growers were able to repossess fairly substantial quantities at a profit, for the purpose of ton of loan cot¬ satisfying the urgent trade demand. At the same time price differentials be¬ tween foreign and domestic growths showed a further wid¬ of market for substantial the reenter commitments. to Print cloth down May 13 from 3%c. to a range of 3*4 c. to 3%c. at Fall River for 28-inch 64x60's was marked On May 25 the quotation again receded to 3*4c., at which fig¬ was May 31. stood it ure 3%c. May 31 as The price of 27-inch cloth, 60x64's compared with 3*4c. April 29, while May 31 as against 6%c. The report of the Census Bureau, issued May 15 and covering the month of April, while showing Osnaburgs to a quoted at 6%c. were 6%c. April 29. States consumption of substantial decline in the United previous month, still showed the figure to be far above the level of April, 1938. The amount con¬ the staple from the sumed in April, 1929, totaled 546,702 bales of lint and 69,147 compared with 649,237 bales of lint and 73,769 bales of linters in March, 1939, but only 314,169 bales of lint and 57,475 bales of linters in April, 1938. The woolen goods market distinguished itself by a fur¬ ther expansion in sales of men's wear-fabrics for fall, accompanied by another moderate advance in the price level. Controlling influences-were the steadiness of the of raw linters, material and the continued satisfactory flow of goods Further reports of channels. retail in the growing- com¬ petition of foreign woolens, chiefly in the higher price brackets, came to hand. Trading in women's wear fabrics was affected by between-season influences, although indi¬ cations of an early materials, pick-up in sales, notably of sports wear not lacking. were Japanese double extra 13-15 deniers were quoted May 31 $2.58@$2.63 against $2.46@$2.51 April 29 (April 30 was $2.10@$2.24 March 31; $2.20@$2.25 Feb. 28 against $1.95@$2.00 Jan. 31; $1.84@$1.89 Dec. 31; $1.75@ $1.80 Nov. 30; $1.81@$1.86 Oct. 31; $1.80@$1.85 Sept. 30; $1.77@$1.82 Aug. 31; $1.79@$1.84 July 80; $1.76@$1.81 June 30; $1.56@$1.61 May 31; $1.62@$1.67 April 30; $1.55@ $1.60 March 31; $1.65@$1.70 Feb. 28, and $1.65@$1.70 at a Sunday); 31. Jan. In the of case the 20-22 deniers Japanese crack double quoted at $2.56@$2.61 May 31 against $2.39@ $2.44 April 39; $2.13@$2.18 March 31; $2.25@$2.30 Feb. 28; extra were $1.96@$2.01 Jan. 31; $1.79@$1.84 Dec. 31; $1.65@$1.70 $1.73@$1.78 Oct. 31; $1.68@$1.73 Sept. 30; $1.67@ $1.72 Aug. 31; $1.69@$1.74 July 30; $1.67@$1.72 June 30; $1.48@$1.53 May 31; $1.57@$1.62 April 30; $1.48@$1.53 March 31; $1.59@$1.64 Feb. 28, and $1.48@$1.53 Jan. 31. Nov. 30; termination World's Fair the a the to the fact that the what sharply reduced sales the A turn for the better, however, got under way in the closing week of the month as the growing deter¬ mination of the mills to arrange a drastic curtailment in somewhat in view of recurrent labor troubles in the Detroit area, of affected by adversely cloths. gray bales Rubber and domestic were users Crude rubber followed an price quoted at 9.81c. on May 31. Takings of mills during most of the period under review the with tributive channels resulted in causing converters and other March 31, and 5*4c. Feb. 28, the same as Jan. 31. of high of 9.85c. May 24, movement carried the quotation to a output, reports of impending large Government purchases, and a somewhat better movement of finished goods in dis¬ April 29 (April 30 was Sunday) ; 6%c. March 31; 7c. Feb. 28, the same as on Jan. 31, against 6%c. Dec. 31; 7@7*4c. Nov. 30, the same as on Oct. 31; 6%@7c. Sept. 30; 6^@ 7^4c. Aug. 31; 6*4@6%c. July 30, the same as on June 30, May 31 and April 30, against 6*4 c. March 31; 8%@9c. Feb. 28, and 7*4@7y2c. Jan. 31. No. 7 Rio was quoted on May 31 at 5*4c., the same as on April 29 and March 31, against 5%c. Feb. 28; 5*4c. Jan. 31, same generally favorable nature. Spot cotton here in New York was 9.24c. on May 1. A fairly steady upward selling May 31 at 6%c. against 6^c. No. 7 Santos was quoted on the minor attention, although reports so accorded market reacted on were far were of a "futures" the in predominant influence of the loan and subsidy fac¬ weather advices from the South concerning this year's of the speculative scattered demand, which under tors, crop quoted at was Petroleum and Its Products Most was significant development last-minute decision the of of the month just closed the Texas Railroad Com¬ mission to return to a five-day production week during June due to that fact the completion of new wells made the setup in effect during May whereby wells closed down each Sunday and The on alternate Saturdays Ineffective. revising the June production 29 order May allow¬ ables for the Lone Star State, placing all wells on a five-day production week was all the more unexpected since Jerry Sadler, member of the majority group ruling the Commis¬ sion, had indicated earlier in May that unless other oilproducing States came into line with Texas on a general curtailment policy Texas would be forced to increase its production to compete with oil from the States referred to. An analysis showing that Texas has slumped beyond other oil-producing States in the national market for crude oil was made public by Mr. Sadler during the initial week of May. Mr. Sadler pointed out that this was due to the States were increasing their output holding hers down under rigid curtail¬ ment rulings. "There are some conditions affecting oil production and markets in Texas that operators and the public should be aware of but apparently are not, especially fact other the that while Texas was in view of the fact that recent made the to the effect that there public statements have been is great overproduction in United States, and therefore Texas must keep down her allowable," he stated. "Here is the first striking comparison," he continued. "Crude stocks in the United States on April 8 totaled 275,774,000 barrels, and a year ago 307,556,000 barrels, show¬ ing a difference of about 32,000,000 barrels. Stocks went down, not up. On April 15 the daily production in the MONTHLY REVIEW 10 1,435,095 barrels, Texas producing about 30% of the total. Yet it was not long ago when Texas was producing 40% of the national total, so Texas evidently has lost 10% of Act, which already had been voted on by the Senate, which moved to make it a permanent part of the Nation's law. The House of Representatives, however, stated that since Texas had not made its oil legislation permanent, that a production to other States. • "In corroboration of this," he pointed out, "daily pro¬ duction in California alone has mounted to about 700,000 three-year extension was sufficient for the Connally hot-oil Act. Since time is so short, it is likely that the Senate will concur with the revised bill and send it to the White of our own East jumped her pro¬ duction to 163,550 barrels daily, and Louisiana to 264,855 barrels, and in Illinois, at this time, the Legislature is not looking with favor on a proposed law to establish prora¬ House, where President Roosevelt is expected to immedi¬ States United averaged barrels, 3,492,000 Texas in and . barrels, much greater than the production field. At the same time, Illinois Texas statement early in May, however, there decided change in the general picture of the Since Mr. Sadler's been a alignment of oil-producing States in the move to curtail production. On May 19 came the first new member to enter the Interstate Oil Compact Commission in many months, Dickinson, re¬ to enter Michigan prevent waste of resources through interstate cooperation on pro¬ and similar problems affecting the petroleum in¬ with Michigan's Governor, Lauren ceiving authority from the Legislature as a member of the group designed to natural duction dustry. crude oil prices at of is instances at tion." has ately sign it and establish it in the Nation's legal code. An interesting sidelight upon the problem of maintenance their current levels, which in many difficult because the refined product price is non-profit levels, was afforded in a statement issued in by Harry F. Sinclair, Chair¬ New York late in the month of the Board of the Consolidated Gil man Corp. Mr. Sin¬ clair's statement was an amplification of remarks made to Oil Consolidated stockholders at the recent annual meet¬ ing, when Mr. Sinclair told them that a cut in crude oil prices could and should be avoided by posting higher prices for refined prices. Since then J. A. Brown, President of Socony-Vacuum, has been quoted as saying that while re¬ product prices should go up, there seems little hope of achieving this aim at the present. "I still think," Mr. Sinclair said in referring to the fined ^ independent operators: H. M. MaeClure, Rex Oil & Gas, C. A. Smith Jr., of Smith Petroleum, for two years, and Russell Furbee of Gordon Oil, for one year. California also swung into line when it was disclosed that a new and uniform method of prorating its crude oil general price situation, "that if the problem were ap¬ proached from a different angle we could avoid what I regard almost as a calamity. But nobody can expect that the purchasers of domestic crude oil are going to keep on losing the substantial difference now existing between what we pay for oil and what we get for the refined products. I believe that the public is willing to pay a fair price in order that the industry may be able to continue its con¬ tribution to national prosperity, provide the enormous amounts of new money that are required to meet its wage bill, pay its stockholders a reasonable return on their in¬ vestment, and give those who produce its raw .material what crude oil is really worth." Federal legislation designed to give "more authoritative control of production in the petroleum industry" and amendment of the present anti-trust laws such as they affect the petroleum industry were advocated by Frank Phillips, Chairman of the Phillips Petroleum Co., speaking production had been developed and would become effective June 1. The new method was developed and authorized ber of Commerce sessions in Washington during the initial Michigan's decision to become a member of the Interstate Compact Commission lifted the membership to seven States, and was generally interpreted as the possible forerunner of a widespread movement which would bring all of the major oil-producing States into the fold. Two days after the Legislature had sent the bill authorizing membership in the Compact to the Governor's office came the an¬ nouncement from the office of P. J. Hoffman, director of Conservation Department, of the members Board created by the State's new oil laws. For the interstate operators: W. P. Clarke of Gulf Refining, for three years; E. F. Clagett of Pure Oil, for two years, and Kurt H. Cousser, Socony-Vacuum, for one year. For the Michigan of the Advisory the for three years; before Committee of California Oil Producers, ratified the proposal by a vote of two to one. Under the new setup the formula provides for a grad¬ uated minimum allotment for each well in the State, de¬ week pending upon its depth, with not less than 10 barrels daily to any well capable of producing that much oil. No well, regardless of size or depth, is to be assigned an allotment much by Central the whose membership greater than 250 barrels daily as compared with the maximum of 300 barrels daily. present Application of the new plan, according to the original is expected to limit production to around 590,000-595,600 barrels, which compares with the committee's May allowable of 575,900 barrels daily maximum, plus an allowance of 2,000 barrels for new wells. Under the new ruling, graduated curtailment, depending upon potential output and depth, would be assigned all wells not coming announcement, under the 10-barrel minimum or the 250-barrel maximum. round table discussion at the United States Cham¬ a of May. laws anti-trust Mr. Phillips contended were "antiquated" in that the arguing Sherman their for amendment. While the Interstate Oil Compact Commission has done good, this group lacks the authority to either issue enforce the necessary regulations, and in addition does oil-producing States, Mr. Phillips said in arguing for Federal aid. "The industry must be so regulated that its efforts cannot be destroyed by the or not include action of a all few of the oil-producing States or a few operators who disregard the interests of others while attempting to satisfy their own selfish aims," he said, continuing: "Some view this as a dangerous probability without real¬ izing, perhaps, that the industry is already being rigidly controlled through the limitations imposed by our laws gov¬ erning the conduct of business. The oil industry does not need or want Federal operation, but changes should be made in restrictive laws allotments, set upon the basis of well depth, would provide for 11 barrels daily for a well 2,050 feet deep, graduating upward to 50 barrels daily for a well 6,481 feet deep; 75 barrels for 8,558 feet; 100 barrels for 10,348 feet, and a maximum of 142 barrels for a well 12,954 feet deep. In the event that the potential production of a well is the solution of the greater than the minimum allotment set for it on the basis ment of its an allotment at a gradually Mr. Phillips was just as definite in his criticism of the anti-trust laws which, he charged, are contrary to the pur¬ The minimum scale, depth, the remainder of the well's potential earns diminishing scale. This sliding potential, applicable to the remaining until the 250-barrel maximum is reached. is effective Under the new well of 2,000 feet or less would need a potential 1,335 barrels daily, or more, to earn the maximum allot¬ ment of 250 barrels daily, while a well 10,000 feet deep would need a potential of 845 barrels daily. program, a of The revised orders for June, which are probably due in large part to the encouraging moves by Michigan and Cali¬ fornia to develop really effective proration methods, estab¬ lish daily average production for June of 1,279,000 barrels June against the United States figure Bureau of market demand forecasts. of 1,426,000 Mines In also wide hearing of oil men has been A. in barrels its set regular disclosing that by the monthly a State¬ called for June 12, Lon Chairman of the Railroad Commission, pointed out that there is too much oil accumulating in storage to permit continuance of the original order covering June oil Smith, operations in Texas. Completion of new wells, he pointed out also, automatically lifted the May allowable to 1,496,000 barrels, which was far above the State's share in the market as forecast by the Federal agency. The Connally hot-oil bill, backbone of the Interstate Oil Compact Commission, since it forbids interstate shipment of crude or crude products produced in violation of State production regulations, will be renewed for a three-year period from its expiration date, June 30 next. The House of Representatives approved a three-year extension of the our and should we have the cooperation of the Government in bringing about the neces¬ sary regulation. The need of conservation is so great and not problem so obvious that corrective should not be postponed much longer. ures . . . meas¬ I shall attempt to outline the procedure to bring this about, but in my opinion it can only be accomplished by the enact¬ of Federal laws." pose for which they originally were designed and "are actually promoting practices detrimental not only to indus¬ try, but to the general welfare of the Nation. Overproduc¬ tion of the gasoline flowing from overproduced crude wells, with unregulated, destructive, cut-throat competition, which in 1933 brought the price of oil to 25c. a barrel and gasoline to 2c. a gallon at the refinery, may easily be the stumbling block that will lead in keep tomorrow's our industry from taking business recovery. a These dominating things can be controlled, and were controlled under the National Re¬ covery Administration and the oil code, but the Madison indictment of many of the leaders in the oil industry for alleged violation of the anti-trust laws brought us face to face with an unsurmountable handicap." "Under the present legal setup it is impossible for the oil industry, through constructive cooperation, to curb or con¬ trol the damaging influences of unbusiness-like competitive practices," he argued. "Certainly the control of all busi¬ ness, large or small, in interstate commerce should be regulated by the Government, but our laws should be so amended that such regulation will be imposed with equal consideration for all groups—workers, investors and con¬ sumers," he continued. "There should be established, with¬ out and delay, a enforce governmental agency with power to sanction made with industry groups. This agreements would permit the necessary constructive regulation of trade practices and operating policies, correct existing abuses. all stability and fair treatment for industrial insure and concerned." month counsel when 2/10c. Mid West 12 for headlines in midcompanies oil and violating Fed¬ anti-trust laws argued before the United States Circuit convicted during the trial of five executives eral May 12—Standard of New York advanced gasoline tank car prices l/10c. to York oil suits made newspaper The Madison Court of Appeals in Chicago that the trial jury could not determine the facts of the case because certain evidence A week earlier the United Supreme Court May low excluded. a plea to review the judgment of the Seventh United States Court Circuit Government of the latter denied the writ of mandamus to compel Judge Stone a Appeals counsel for the companies and executives in¬ as contended that jury could not possibly have determined the facts in the case if the evi¬ dence encouragement and cooperation of Federal Petroleum Administration with the defendants the essential anti-trust In the the to laws had of United argument of background excluded been States an under action J. H. Lewin, many things which had been legal under the National Industrial Re¬ covery Act became illegal when the United States Supreme for the Government, he Attorney pointed that out Court held the latter unconstitutional. An extremely demand optimistic tone marked the June forecast covering the United the States Bureau market of Mines probable daily average market demand for which showed a substantial increase oyer both crude oil, May period the of regular and comparable month last year. The forecast of the Federal agency placed monthly June market demand at 3,491,000 barrels daily, an increase of 2% over the Bureau's May forecast and 4% ahead of actual consumption during June last mated runs While the esti¬ year. stills of to 3,317,700 barrels daily for June is higher than actual daily average for the period, the estimate for crude oil exports is 188,400 barrels like 1938 materially less, the Bureau pointed out. A slight increase was shown in daily average production of crude oil over the April 22-May 27 period, a survey dis¬ closes. Daily average production for the April 22 period 3,526,700 was under barrels, which was nearly 60,000 barrels 3,585,250-barrel figure ruling for the May 27 the period, according to American Petroleum Institute figures. Crude stocks were up 1,211,000 barrels from April 15 to May 20, standing at 277,068,000 barrels on May 20. Although there was much talk about a settlement of the Mexican situation arising from last Administration of year's expropriation $500,000,000 of American and British oil properties, there was no definite action taken by month-end. Chile, which has announced its intention of setting up a Government oil monopoly by Sept. 3, announced late in May through its Finance Min¬ istry that affected American and British oil companies by the Cardenas the value of their properties. during May, showing the trend major crude oil markets, follow: Price changes posted 1—Caddo borne Parish, In the Oil crude oil 10c. refined the upon Crude Purchasing a Co. barrel to 77c., reduced Lisbon improvement of Clai¬ retroactive to April 29. products division attention continued Pool, in centered was mid-continent bulk gasoline prices and the quick response of the major retail gasoline price markets in the Mid West to the upward surge in bulk gasoline price postings. Improvement in other areas developed during the month, its general lc. raised lc. to 17c. and 18%c., were area by the McMurray Refining Co. May 29—Standard of Indiana posted an the tank of grades B and effective area, June 1—Standard of June Atlantic Gulf at prices wagon Coast ports. U at Gulf ports. New port dn principal %c. of the East gallon a in Stanolex fuel oil in the 1. increase of 10c. an price of Grade O bunker oil new shrdlu nup n barrel a of and 5c. in barrel a drhsatepulnusshrshrdluununu schedule New York harbor is posted at $1.05. THE MAY FINANCING The advance C of its Jersey posted retehnew Under the OF UNITED STATES developments States Government financing in May, TREASURY far so United as concerned, were the two was refunding operations carried through on behalf of the Home Owners' Loan Corporation and the strong forward move¬ ment in Government security prices. The great strength of the market was to proceed this stantial at block of factor influencing a time with HOLC Treasury officials refunding of one sub¬ the securities into lower a coupon issue. The immediate ernment anxiety crisis in the was burst absence the European situation. issues ernment for the cause securities over faltered March, slightly but the of of strength in Gov¬ fresh during the hesitancy for reasons The market for Gov¬ Czechoslovak then experienced was easily overcome. • In May, with the tension abroad obviously relaxing, prices moved forward readily from rather levels that were already the highest ever before reached. The average rate at which the weekly discount bill offer¬ ings were taken declined in May from 0.012% to 0.004%, with par bids again exceeding discount bids in volume. The average yield on Treasury notes was reduced in from 0.48% to 0.38% for three- to five-year while the average return May maturities, Treasury bonds of more than 12-years to call date or maturity declined from 2.26% to 2.13%, a new record. Stated differently, the average price rise in Treasury bonds amounted tg about 1% points. The lessening apprehension over European affairs permitted the huge volume of into on excess reserves of the banks to come full play in the market for Government securities. Hard pressed to keep up their earnings, banks accumu¬ lated Government securities, though a notable feature of the trading was the fact that the sharp rise in prices was achieved small turnover. on Into this eagerly receptive market the Treasury injected itself twice. First, on May 8, Secretary of the Treasury Henry Morgenthau Jr. announced that on behalf of the Home Owners' Loan Corporation he was offering to hold¬ 1^% bonds of the Corporation, maturing on June 1, 1939, in the amount of $325,000,000, the privilege of exchanging their bonds for two series of new bonds, as follows: One series being one-year %% bonds of Series K-1940, due May 15, 1940, and the other series being two-year %% bonds of Series L-1941, due May 15, 1941. Both series were to be dated and to bear in¬ of ers the Series F-1939 terest from May 15, 1939. The maturing bonds, the Secre¬ tary said, would be applied 40% to the new one-year %% bonds and 60% to the new two-year %% bonds. Mr. Morgenthau stated the on evening of May 8 that the subscription books would close at the close of business May 10. The available by too below were Texas although the statistical position of the industry, as meas¬ was none kerosene prices and effective May 23. area, May 22—Philadelphia gasoline prices ured by production and inventories of motor fuel, 16V^c. a gallon by oper¬ previous prices of as against dealers. some where gasoline areas in some would be paid May filling stations, except New England, gallon. a included, for regular and premium grades, respectively. May 24—Refinery dock prices of gasoline were lifted V^c. in was by the trial judge. V^c. up taxes the He further argued that such evidence and other elements Chicago's a showing the excluded. in normal under Chicago Colonel Donovan and New York moved price gallon posted by a gallon a the appearing the May 20—Standard of Indiana posted advances to normal or from %c. to Arguing in Chicago before the Circuit Court of Appeals, on May 15, were Colonel W. J. Donovan and J. H. Thomas, . 80% of 14c. to vacate rulings for some of the oil case defendants. volved. throughout New where 16—Retail gasoline prices were lifted to of as lc. which in gallon a harbor, ators States Depart¬ ment of Justice filed with the United States was 11 MONTHLY REVIEW Junh, 1939] final figures Secretary on the Morgenthau operation were made on May 15. It was encouraging. With refinery operations at extremely high levels, stocks of finished and unfinished gasoline were able to show a decline of only a little more than 3,600,000 barrels during the April 22-May 27 period. Tightening supplies, due in part to the tanker strike, disclosed that out of the $325,000,00 maturing issue, $319,449,300 had been tendered in exchange for the new bonds. Of the allotments, $127,779,400 was for the %% bonds and $191,669,900 for the %% bonds. Approximately 80% of the subscriptions, or $254,428,400 worth, was received from the which continued New Grade C in force bunker fuel at month-end, forced prices of during May. General ad¬ oil higher during the month lifted the New York harbor price $1.05, up 10c. New York harbor bulk gasoline prices vances to also moved forward during the month, price changes listed below. A shown as in the 5% increase in domestic demand for gasoline during June was forecast by the United States Bureau of Mines, month at 50,600,000 barrels. Motor fuel exports were set at 4,300,000 barrels, approxi¬ mately the same level as ruled in June last year. which put demand for the Representative price changes, showing the trend in the leading markets for refined petroleum products, Nation's York Federal Reserve district, reflecting the extent to which the short maturities were regarded as money mar¬ ket instruments. John H. Fahey, Chairman of HOLC, announced on May 18 $905,000,000 of HOLC 2%% bonds of Series B, dated Aug. 1, 1934, was being called for redemption on Aug. 1, 1939. The maturity date of the 2%s was Aug. 1, 1949. On May 22 Secretary Morgenthau offered, on behalf that of the the Corporation, to the holders of the 2%% bonds the privilege of exchanging their holdings for new iy2% bonds of the Corporation, known as Series M-1945-47. Dated June 1, but follow: on May 1939, the obligations would mature might be redeemed at on June 1, 1947, option of the Corporation The offering was strictly on the an gallon same 4—Standard of Ohio advanced subnormal prices of gasoline %c. a and also posted a State-wide reduction in "normal" prices of the amount premium establish to gasoline in a new State-wide price tank wagon-to-customer, 15.5c. third-grade gasoline, effective May 5. May 8—Motor fuel prices in Youngstown, Ohio, level of for regular 17.5c. and for 15c. for gallon to 16%c. a gallon for regular and I8V2C. were for advanced *£c. a premium. May 8—Cleveland gasoline prices were cut %c. a gallon to 17*£c. and 19%c. a gallon, respectively, for regular and premium gasoline, retro¬ active to May 5. and after June 1, 1945. exchange basis, cash tenders not being acceptable. Sub¬ scription books on the offering were closed on May 24. This refunding operation was in bringing in exchanges. measurably less successful Where the. 1^% bonds maturing June 1, 1939, were exchanged to the extent of 98% for new issues, the extent of that 2%s 76%. were Mr. tendered in Morgenthau exchange announced only on to May the 29 $687,767,025 of the $905,000,000 had been exchanged new series of 1^% obligations. At the same time for the MONTHLY EEVIEW 20,400,000 Pacific Lighting Corp.—Public offering of the $5 div. pref. stock of the corporation was made May 12 by a syndicate headed by Blyth & Co., Inc., and including Dean Witter & Co.; Harriman Ripley & Co,; Stone & Webster and Blodget, Inc.; The First Boston Corp.; Smith, Barney & Co.; Bonbright & Co., Inc.; W. O. Langley & Co.; William R. Staats & Co.; Elworthy & Co., and Eastland, Douglass & Co. The offering price was $102 per share, plus accrued dividends from May 15, 1939. The public offering consisted of 200,000 shares of $5 div. pref. stock less that portion taken by holders of the company's $6 div. pref. stock pursuant to an offer of exchange which expired May 11. arrangements had been made for the Govern¬ $100,000,000 of the new HOLC issue for Treas¬ ury investment accounts. This sum, together with around $117,000,000 of cash balances now held by the HOLC, would be used to retire the called bonds not exchanged. he said that ment to buy It appeared that the smaller proportion other recent exchange operations by on attributable in part to the very widely of exchanges than the Treasury was fact that the called bonds were distributed, since they had been issued pri¬ 9,000,000 Montana-Dakota Utilities Co.—Public offering of $9,000,000 1st mtge. sinking fund bonds, 4K% series due May 1, 1954, was made May 23 through an underwriting group headed by Blyth & Co., Inc., and Merrill, Lynch & Co., Inc. The bonds were priced at 101 % and accrued interest. Simul¬ taneous issuance to banks of $2,100,000 of 434% serial promissory notes was made. Other members of the under¬ writing group were: * Kidder, Peabody & Co.; W. E. Hutton & Co.; E. H. Rollins & Sons, Inc.; The Wisconsin Co.; WellsDickey Co.; Thrall-West Co.; Whiting, Weeks & Stubbs, Inc.; Stifel, Nicolaus & Co., Inc.; Kalman & Co.; Equitable Se¬ curities Corp.; Laurence M. Marks & Co., and The Illinois marily in exchange for real estate mortgages taken over by the HOLC. The . Federal Intermediate Credit System Bank offered May 4 $16,850,000 of 1% consolidated debentures, dated May 15 and maturing in the amount of $8,500,000 on Feb. 1, 1940, and in the amount of $8,350,000 on Nov. 1, 1939. Subscription books were closed within a short time follow¬ on ing a large oversubscription. The system had a maturity of $13,800,000 of debentures on May 15, leaving $191,650,000 outstanding at the close of business on that date. Mr. Morgenthau announced on May 15 that market transactions in Government securities for Treasury invest¬ Co. of Chicago. INDUSTRIAL AND April, 1939, resulted in net sales of $37,064,700, compared with net sales of $12,500,000 in March and net purchases of $72,500 in February. Official Treasury figures placed the budget deficit in the first 11 months of the fiscal year at $3,240,467,092 as ment accounts in against 2,000,000 Continental Steel Corp.—The corporation May 15 sold privately an issue of $2,000,000 of 10-year 3% sinking fund debentures due May 15, 1949. Proceeds of the issue were used to retire on May 15, 1939, the company's present 3% notes outstanding in the amount of $500,000, all of its $1,170,000 outstanding 10-year 434% sinking fund debentures on July 1, i939, together with 5,000 shares of 7% ($100 par) preferred stock. $1,286,570,000 in the corresponding period of the 1,530,000 Tilo Roofing Co., Inc.—Offering of 60,000 shares of $1.40 conv. cum. pref. stock was made May 15 at $25.50 per share by Distributors Group, Inc. The prospectus also covers 41,000 shares of outstanding common stock of the company, which may be acquired from present stockholders for public offering at a later date. previous fiscal year. Revenues amounted to $5,055,301,868, while expenditures totaled $8,295,768,960. The public debt as of May 31 stood at $40,281,807,681, a new record high. The Treasury's daily statement placed the sales of United States savings bonds—the so-called baby bonds—at $55,- 770,000 Fairchild Engine & Airplane Corp.—$6 conv. pref. stock (no par) priced at $100 a share (flat) and offered by Smith, Barney & Co. Purpose, purchase of additional machinery and equipment, and repayment of bank loans and additional working capital. 066,134 for the month to the 27th, compared with $32,824,847 in the like period last year. Sales for the fiscal year to May 27 totaled 635,487,567, compared with $467,748,628 in the previous year. 625,000 Bendix I into Bills Offered Amount of Dated Subscrip¬ Offering Mature Apr. 27 1939 May May May 23 1939 3 1939 10 1939 May 17 1939 tions May 24 1939 May 31 1939 Aug. 2 1939 Aug. 9 1939 91 days common stock any time up to and including May 1, 1944, shares of common stock for each $1,000 Manufacturers 100,000,000 Aug. 23 1939 91 days 91 days Aug. 30 1939 91 days 100,000,000 91 days $100,000,000 $377,474,000 417,718,000 414,368,000 100,000,000 397,220,000 Subscrip¬ Amount Average tions Accepted Price Yield $377,474,000 417,718,000 414,368,000 $100,384,000 Apr. 27 1939 May 4 1939 May 11 1939 May 18 1939. May 25 1939 392,040,000 * Maturing 99.997 0.012% 101,918,000 99.998 0.009% 100,241,000 99.999 397,220,000 101,001,000 99.999 0.005% 0.005% 392,040,000 100,521,000 *99.999 *0.004% Issue of— $100,587,000 101,287,000 100,378,000 100,782,000 101,953,000 means market for May relected a decline from the total reached in April of this year. As usual, offerings for new capital purposes repre¬ sented only a small portion of the emissions brought out during the month and consisted in the main of stock issues. Refunding operations loomed large in contrast as may be witnessed by the $114,500,000 obligations of the common¬ wealth Edison Co. in the form of 40-year 3YA% bonds, due in 1979 and priced at 102 and accrued interest. The issue was placed privately with 15 insurance companies. One other offering of size was the $20,400,000 financing operation of the Pacific Lighting Corp. made up of 200,000 shares of $5 dividend preferred stock, priced at $102 a share, plus accrued dividends from May 15, 1939. The refunding of the $6 dividend preferred stock was effected through the direct exchange or sale of a like amount of $5 dividend preferred stock. Below we list the larger offerings to come upon the market in May: FOREIGN FINANCING in the United States and Canada an issue of $13,000,000 1st & coll. trust 4% bonds due 1969, according to F. S. Moseley & Co., New York, and Collier, Norris & Henderson, Ltd., Montreal, who handled the details of the placement. Of the total financing $10,500,000 was in the United States with three insurance companies, and $2,500,000 in Canada with two insurance companies. The bonds are payable as to principal and interest in Canadian funds. Proceeds will be applied to the redemption on July 1 of approximately $13,000,000 of Cedar Rapids Mfg. & Power Co. 5% bonds, due 1953, guaranteed by Montreal Light Heat & Power Con¬ mtge. solidated. RAILROAD FINANCING $4,500,000 Chicago Rock Island & Pacific Ry.—3% trustees' certifi¬ cates date June 1, 1939, and due June 1, 1941. Issued to First National Bank, Chicago, and the Misissippi Valley Trust Co., St. Louis, at par and interest. 1,500,000 Shippers Car Line Corp.—An issue of $1,500,000 3H% equipment trust certificates, series I, has been placed privately with the Equitable Life Assurance Society of the United States. The issue matures $75,000 semi-annually from Oct. 15, 1939, to April 15, 1949. PUBLIC UTILITY FINANCING $114,500,000 Commonwealth Edison Co.—James Simpson, Chairman, issued the following statement May 9: "Negotiations have been tentatively completed for the private sale to 15 insurance companies of $114,500,000 of 40-year 3 %% bonds of the company. The sale price will be 102 and accrued interest. The proceeds will be used to refund a like amount of 4% and Z%% bonds. Halsey, Stuart & Co., Inc., has assisted the company in working out this financing. The issuance of the new bonds is subject to the approval of Illinois Commerce Commission." . is trustee, paying of a & Television Corp.—Public offering by prospectus of 375,000 shares ($1 par) of capital lander, Ltd., London. Of the total offered 200,000 shares but unissued capital stock of the cor¬ poration, of which 50,000 shares are under an option to Singer & Friedlander, Ltd., which has not yet been exercised. The proceeds from the sale of this 200,000 shares will be used by Majestic for additional working capital necessary to permit it to handle properly its increasing business. The remaining 175,000 shares included in the offering constitute presently outstanding capital stock owned by Davega Stores Corp. and under option to the underwriters. domestic $10,500,000 Montreal Light Heat & Power Consolidated—The com¬ pany has placed privately with five life insurance companies Co. debentures dated May 1,1939. stock of the corporation was made May 19 by Allied Inter¬ national Investing Corp., Jersey City, and Singer & Fried- NEW SECURITY ISSUES IN MAY in the Radio *400,000 Majestic $385,000 tendered at par. Corporate financing conv. *616,403 Brewster Aeronautical Corp., Long Island City—Van Alstyne, Noel & Co. announced May 2 public offering of 72,518 shares of capital stock, representing the unsubscribed portion of an issue of 89,325 shares offered to stockholders to provide additional working capital required to finance new contracts obtained by the company for planes and parts. The shares are listed on the New York Curb Exchange and are priced at the market. Of the 72,518 shares offered, 50,000 shares were purchased from the company by Van Alstyne, Noel & Co., who reported that substantially all of this amount had been sold, and the remainder was to be acquired by them under a 90-day option. Rights to;subscribe for the new stock at $8.50 per share on the basis of one share for each four shares held expired on April 26. To Redeem Bills Offered Trust agent, withholding agent, registrar and conversion agent for 100,000,000 Aug. 16 1939 an¬ the basis of 400 debenture $625,000 five-year 5% May 4 1939 May 11 1939 May 18 1939 Inc., 20 that the new issue of $625,000 five-year 5% conv. debentures has been sold. The debentures, which were offered at 100% and accrued interest, are convertible on Bills Home Appliances, Inc.—Burr & Co., nounced May The details of Treasury bills sold on a discount basis are given in the following table: MISCELLANEOUS FINANCING $15,000,000 Marshall Field & Co.—20-year 3.6% 1st mtge. bonds* Purpose, purchase of land under company's main retail store and its store for men, from estate of Marhslall Field. Placed privately with the Metropolitan Life Insurance Co. represent authorized * Approximate figure. MUNICIPAL FINANCING $35,700,000 New York, N. Y., various purposes bonds, comprising $15, 000,000 234s due from 1940 to 1979 incl., and $20,700,000 3s, maturing from 1940 to 1969 incl., awarded to the National City Bank of New York and associates at a price of 100.069, or a record low interest cost of 2.713%. Reoffered to yield from 0.40% to 3%, according to interest rate and maturity. 4,375,000 Erie County, N. Y., various purposes bonds, due annually from 1940 to 1949 incl., awarded to an account headed by the Chase National Bank of New York of about 1.68%. as 1.70s at 100 .098, a basis Reoffering scale from 0.30% to 1.90%. 3,715,000 Rochester, N. Y., various purposes bonds, due from 1940 to 1958 incl., taken by the Harris Trust & Savings Bank, Chicago, and associates as 1.30s at 100.029, a basis of about 1.29%. In the reoffering the bonds were scaled up to a 1.75% basis. 3,125,000 Kentucky (State of) callable bridge revenue bonds, due from 1940 to 1950 incl., purchased by a syndicate managed by Stranahan, Harris & Co., Inc., Toledo, a as 1%b at 100.349, basis of about 1.70%. 2,880,000 Massachusetts (State of) Metropolitan Sewerage bonds, due serially from 1940 to 1959 incl., purchased by a group headed by Harriman Ripley & Co., Inc., New York, as I Us at 101.17, a 1.37% cost basis. Reoffered on a yield basis of from 0.10% to 1.50%. 2,600,000 San Diego, Calif., San Dieguito water system acquisition bonds, comprising $1,137,500 3s, due from 1940 to 1946 incl., and $1,462,500 2s, maturing from 1947 to 1955 incl., suci cessfully bid for by Phelps, Fenn & Co., Inc., New York, and associates at a price of 100.015, a net interest cost of about 2.20%. Reoffered to yield from 0.30% to 2.50%, according to interest rate and maturity. 2,585,000 Newark, N. J., bonds of a varied nature as to purpose of issue were awarded to a syndicate managed by Blyth & Co., Inc., New York, as 3Ms at 100.808, a basis of about 3.13%. Reoffered from a yield of 0 .75% to a price of 99, according to maturity, the schedule being from 1940 to 1966 incl. 2,500,000 Cleveland City School District, Ohio, building bonds, due semi-annually from 1943 to 1962 incl., purchased by an account managed by Blyth & Co., Inc., Chicago, as 2)3 s at 101.81, a basis of about 2.34%. 2,300,000 Madison, 111., Kingshighway Bridge 4% callable revenue bonds, due June 1, 1964, offered by a group composed of Morris Mather & Co., Inc.; John Nuveen & Co., Inc., both of Chicago, and the Milwaukee Co., Milwaukee. They were priced at 103 and accrued interest. 2,000,000 Louisiana (State of) highway bonds, due serially from 1942 to 1961 incl., sold as 2%s, 3s and 3)4s to a syndicate headed by Newman, Harris & Co. of New Orleans at 100.08, a net interest cost of about 3.09%. Reoffered to yield from 1.65% to 3.20%, according to interest rate and maturity. 2,000,000 New Hampshire highway bonds, due Second National basis of about 0.95%. No of) (State 1H% Hecker Products annually from 1940 to 1949 incl., sold to the Bank of Boston reoffering 100.947, at a made. was 1,945,000 Utah (State of) refunding bonds, due serially from 1940 to 1955 incl., were awarded as 144s and lHs to a group com¬ posed of the Bankers Trust Co., New York; First Boston Corp., New York, and the Walker Bank & Trust Co., Salt Lake City, at par, a net interest cost of about 1.47%. Reoffered from 0.15% to 1.55%, according to interest rate and maturity. 1,602,540 Lockport, N. Y., various purposes bonds, due serially from 1940 to 1959 incl., purchased by Lazard Freres & Co., New York, and associates, as 1.70s at 100.689, a basis of about 1.62%. Reoffered on a yield basis of from 0.20% to 1.75%. 1,100,000 Hartford, Conn., refunding bonds, due from 1940 to 1949 incl., awarded to J. P. Morgan & Co., New York, as Is at 100.01, a basis of about 0.999%. There was no public reoffering of bonds. 1,075,000 Yonkers, N. Y., various purposes bonds, due,from 1940 to 1959 incl., sold to Halsey, Stuart & Co., Inc.; G. M.-P. Murphy & Co., and Schlater, Noyes & Gardner, Inc., all of New York, in joint account, as 2.80s at 100.16, a basis of about 2.77%. Reoffered to yield from 0.70% to 2.90%, according to maturity. 1,045,000 Orange County Flood Control District, Calif., bonds, maturing serially from 1940 to 1958 incl., were sold as 2s, 234s and 5s to an account headed by Phelps, Fenn & Co., Inc., New York, at par, a net interest cost of about 2.17%. Re¬ offered to yield from 1.25% to 3.25%, according to coupon rate and maturity date. (State of) net interest cost of about Houdaille-Hershey Corp.—Interim dividend of 25c. a share on the class B stock, no par value, payable June 26. This will be the first dividend paid on the class B shares since Dec. 15, 1937 when a regular quarterly of 37Hc. (W. B.) Jarvis Co.—Stock dividend of 100% on the common shares, pay¬ able June 15. This action followed a special stockholders' meeting at which the company's stock was increased from 200,000 to 500,000. Kysor Heater Co.—Extra dividend of 20c. of 15c. IN MAY Dividend declarations in May were largely of a The' following list, divided into two favorable sections, namely "Favorable Changes" and "Unfavorable Changes," important of the ehnages: Abbott Laboratories—Extra dividend of 10c. share a share in addition to the a the common stock, both on capita* Alexander & Baldwin, Ltd.—Dividend of $1.50 a share on the stock, payable June 15. clearing June 12. Andian National a Corp.—Extra dividend of 50c. the regular semi-annual both share on the common stock, payable with 25c. paid on Dec. 27, last. This compares payment of $1 a a share in addition to share on the common stock, payable June 1. Asbestos Corp., a share and an initial divi¬ the new shares of common stock, now outstanding, 30. Company's stock was recently split up on a 4-to-l basis, quarterly dividends of 50c. and extras of like amount were paid March 31, last, on the old stock. on Atchison, Topeka & Santa Fe Ry.—Dividend of $2.50 a share on the 5% non-cumuative preferred stock, payable Aug. 1. A dividend of $1 was paid Feb, 1, last, being the first paid on the preferred shares since on Feb. 1, 1938 when $2.50 share a was distributed. Bastian-Blessing Co.—Dividend of 40c. payable July 1. was Previously, a a share on the common stock, regular quarterly dividend of 25c. a share distributed. the issue. arrears on capital stock increased from 75c. a the no par on payable July 1. Supply Co. (Utah)—Dividend of 10c. a share on the $10 par, common stock, payable June 20. Dividends of 25c. a share were paid on Dec. 8, last, and on Dec. 6, 1937. Muskegon Motor Specialties Co.—Dividend of 75c. a share on account of accumulations on the class A stock, payable June 1. This payment will cle^ir up all back dividends on the issue. Narragansett Racing a cumulations the 6% on cumul. pref. stock, a par share on account of ac¬ $100, payable June 1. issue. The above distribution clears up all back dividends on the Birmingham Gas Co.—Initial dividend of 87Hc. share a on the preferred stock, payable June 1. share to 40c. April share on the common stock, pay¬ distribution of 50c. a share made on a This compares with a 1938. 15, mon Paul, Inc.—Dividend 40c. on (E. J.) Brach & Sons—Extra dividend of 20c. a share and a regular terly of 30c. a share on the common stock, both payable July 1. Vancouver, Ltd.—Extra dividend of 25c. a in addition to the regular dividend of 50c. a share on the common $5; both par were payable on made Canadian July 26, 1937 Wineries, on by the payment of 12 He. a share A previous distribution of 373£c. this issue. Ltd.—Dividend of 25c. stock, payable June 1. A distribution of 15c. share stock, the share on a share on the common made on June 1, 1938. a was Carpenter Steel Co.—-Dividend of 40c. a share stock, payable June 20. On March 20, last, share the $5 par, common distribution of 15c. a on a made. was the no par shares increased from 35c. a share, payable July 1. a Plymouth Oil Co.—An extra dividend of 2%, payable in common stock and a regular quarterly cash dividend of 35c. a share, were declared on the common stock, both payable June 30. share to 25c. a Rome Cable a on the common stock increased from share, payable June 1. San Carlos Milling increased from 15c. share on the common stock, on Co., Ltd.—Dividend a share to 20c. a the common stock, par $8, share, payable June 15. Simonds Saw & Steel Co.—Dividend of 20c. a on share on the no par com-* a This compares with stock, payable June 15. share made of 50c. a share on the common shares, both Steel from 40c. of 40c. share to 50c. a share a payable June 15. share, payable June 1. a Phosphate & Acid Works, Inc.—Special dividend the common stock of $20 par, payable May 25, and a on regular quarterly of 20c. share, payable June 15. a Tacony-Palmyra Bridge Co.—Extra dividend of 25c. a share and a regular quarterly of 50c. a share on the common and class A stocks, payable June 30. & Land Co.—-Dividend of 10c. Texon Oil a share on Columbia Broadcasting System—-Cash dividend of 35c. a share on the and class B stock of $2.50 par value, payable June 9. Quarterly dividend of 25c. was paid on March 10, last. present class A Petroleum Co.—Initial dividend of 2c. a share on the shares, payable June 30. Amusements, Ltd.—Dividend of $2 a share on the 8% par $100, payable May 31. A distribution of $1 a on this issue on Dec. 20, 1938. partic. pref. stock, made was Consolidated Rendering Co.—Dividend of 75c. a share was paid May 15 on the no tributed Dexter of value common stock. 30, last. par on share, a March 1, Previously 50c. a share was dis¬ Union Gas Co. of Canada, common stock, Ltd.—Extra dividend of 20c. a share and a regular quarterly of like amount on the common stock, payable June 15. the common stock by the on declaration of 25c. a share, payable July 1. Previously a regular quar¬ terly of like amount was distributed on Dec. 27, 1938. Welch Grape Juice Co.—Cash dividend of 25c. a share and the common shares, both payable June 15. a stock divi¬ dend of 5% on from 20c. Western share to 25c. a Auto a share, payable June 28. Supply—-Dividend on the common stock increased from a share, payable June 1. share to 40c. a UNFAVORABLE CHANGES Akron Brass Mfg. Co., Inc.—Dividend of 15c. a share was paid May 17 on the common stock and compares with 20c. distributed on Feb. 28, last, and 22He. on Dec. 20, 1938. American the Bank common share Note Co.—No action on the payment of a dividend on Regular quarterly dividends of 10c. shares at this time. paid were on the payable June 1. common stock by the declaration A like amount was distributed on 6c. share to 4c. a American share, payable June 1. a & Cigarette Cigar Co.—No action taken on the dividend ordinarily due at this time on the common stock. A regular quarterly of l-40th of a share of American Tobacco Co. common stock was paid on. March 15, last. Dolomite, Inc.—Dividend on the common 12He. a share to 634c. a share, payable June 15. stock reduced from Insurance Shares—Dividend of 50c. a share on the common Dividends of $1 a share were paid on April 15, stock, payable May 15. 1937-38. Central Ohio Steel Products Co.—Dividend on the $1 par, common stock decreased from 30c. a share to 25c. a share, payable June 15. (L. A.) Darling Co.—Dividend of lCc. a share on the common stock, pay¬ able May 25. A distribution of 15c. a share was made on Nov. 25, last. Electrolux Corp.—Dividend on the common share to 30c. a share, payable June 15. Exolon Co.—Dividend share to on the stock reduced from 40c. 10c. a share, payable a stock decreased from 15c. no par common a May 31. reduced from 50c. a share to 25c. a share, payable Great Western Sugar Co.—Dividend reduced from 60c. a share to 50c. a 1937. a April 1, last. on American Business Shares—Dividend on the capital stock reduced from Giddings & Lewis Machine Tool Co.—Dividend on the March Co.—Dividend resumed 20c. the payable June 30. This will be the first dividend paid since Sept^ 30, 1938, when a regular quarterly dividend of 15c. a share was distributed. Basic share distribution of 10c. Spring Co.—Dividend on the common stock increased Standard Wholesale Canadian Confederation a March 15, last. Standard Oil Co. of New Jersey—Stock dividend of 2 shares of common stock for each 200 shares held and a regular semi-annual cash dividend Coca-Cola International Corp.—Dividend on the no par value common stock increased from $3.85 a share to $5.80 a share, payable July 1. common > . . a Corp.—Initial dividend of 10c. payable July 1. Coca-Cola Co.—Dividend of the no par common stock increased from 50c. a share to 75c. a share, payable July 1. Commonwealth share on the com¬ on Petrolite Corp., Ltd. (Del.)—Dividend of 25c. a share was paid May I on the common stock, and compares with 15c. a share paid on Feb. 1, last. quar¬ May 19. Buda Co.—Dividend resumed common stock May 22, last. was a the $50 par, common stock share, payable June 15. s Pennsylvania Salt Mfg. Co.—Dividend 25c. Brewers & Distillers of a Pictures, Inc.—Initial dividend of 15c. stock, payable July 15. Wellington Fund, Inc.—Dividend on the $1 par, common stock increased Borne-Scrymser Co.—Dividend of $1 able June 15. on the $1 par, share, payable June 1, Inc.—Dividend Association, stock increased from 35c. Paramount Union Twist Drill Co.—Dividend resumed Bigelo#-Sanford Carpet Co.—Dividend of $3 share and a regular quarterly a stock, both payable June 15. Mountain Fuel Standard Ltd.—Extra dividend of 15c. dend of like amount both payable June all up share to $1 a share, mon Mills, Inc.—Dividend of 75c. common Mid vale Co.—Dividend 15c. ^ regular quarterly dividend of 40c. payable June 30. the Purity Bakeries Corp.—Dividend CHANGES FAVORABLE on Lessing's, Inc.—Dividend resumed on the common stock by the decla¬ ration of 5c. a share, payable June 10. This will be the first paid since Sept. 10, 1938 when a regular quarterly of like amount was distributed. Marshall Field & Co.—Dividend of $7 a share on account of accumulations on the 7% cumulative prior preferred stock, payable May 17, thus share to nature. Allied share a Lamaque Gold Mines, Ltd.—Extra dividend of 10c. a share and a regular quarterly of 10c. a share on the common stock, both payable July 1. Peter more share was distributed. a Irving Air Chute Co.—Extra dividend of 10c. and a regular quarterly of 25c. a share on the common stock, both payable July 1. increased from $1 a share ot $1.75 a 1.80%. CHANGES DIVIDEND gives the were common road bonds, due from 1939 to 1963 incl., awarded to a group composed of R. W. Pressprich & Co., New York; the Kanawha Valley Bank and Young, Moore & Co., both of Charleston as 124s and 334s at par, a Virginia Corp.—-Dividend of 40c. a share on the new $t par Regular quarterly dividends of 15c. a shares, payable June 14. paid on May 1, 1939. common share 1,000,000 West 13 MONTHLY REVIEW June, 1939] common stock May 25. the no par, common share, payable July 3. on stock Dictaphone Corp.—Dividend on the no par common stock increased from 25c. a share to 75c. a share, payable June 1. Jaeger Machine Co.—Dividend on the no par, common stock reduced from 5uc. a share to 25c. a share, payable June 1. Electric Boat Co.—Dividend of 30c. Louisville Gas & Electric Co. (Del.)—Dividend on the class B common shares reduced from 37Hc. a share to 12Hc. a share, payable June 24. a share on the $3 par, common stock, payable June 21. A distribution of 60c. a share was made on Dec. 8, last; Dec. 8, 1937, and on Dec. 5, 1936, the latter representing an initial payament. Gatineau Power Co.—Initial quarterly dividend of $1.38 a share on the new Great 514% cumul. pref. stock, payable July 1. Atlantic & stock of Pacific Tea a share on the no Group No. One Oil Corp.—Dividend of $100 capital stock, payable June 30. Haloid Co.—Dividend to 50c. a on the common a share on the stock increased from 20c. no par share (M. A.) Hanna Co.—Dividend of 25c. a share on the no par common stock, payable June 1. A distribution of 12He. a share was made on March 31, 1938. a share to $1 a the common stock increased from 50c share, payable June 1. on on the $5 par, common stock reduced from share to 25c. a share, payable July 1. June 15. a share the common stock, payable on Previously regular semi-annual dividends of 50c. a share were distributed. Machine from 35c. a Moore Drop Tool share to 20c. a Co.-—Dividend a on the common stock reduced share, payable June 1. Forging Co.—Dividend of $1.50 payable May 1. A distribution of $3 Ritter Dental Mfg. ment of a dividend $1.25 a share, pajrable July 1. Hathaway Mfg. Co.—Dividend a Midwest Oil Co.—Dividend of 45c. Monarch Co.—Dividend of $1.50 par value, payable June 1. A distribution of $3 a share was made on Feb. 16, last, making a total of $4.50 paid so far during the calendar year as against $4 during 1938. common Mesta Machine Co.—Dividend 5 )c. Empire Capital Corp.—Extra dividend of 324c. a share and a regular quarterly of 10c. a share on the $5 par class A stock, both payable May 31. a a share share on the class A stock, made on Nov. 1, 1938. was Co., Inc.—No action taken with regard to the pay¬ on the 5% preferred stock. A regular quarterly of share was last paid on Dec. 30, 1938. on the no par, common stock reduced from 25c. share, payable June 5. Selby Shoe Co.—Dividend a share to 12He. a St. Louis Rocky Mountain & Pacific Co.—No action taken with respect to the payment of dividends on the preferred and common stocks. A regular quarterly of $1.25 a share was paid on the 5% non-cumul. pref. stock on Dec. 31, last, and 25c. a share on the common shares on Dec. 10, last. 14 MONTHLY REVIEW Sutherland Paper Co.—Dividend on the common stock reduced from 40c. a share to 3uc. a share, payable June 15. Talcott, James) 15c. Inc.—Dividend share to 10c. a a the common stock decreased from on share, payable July 1. Todd Shipyards Corp.—Dividend on the no par, common from $1 a share to 5uc. a share, payable June 15. OF THE STOCK MARKET DURING COURSE market The stock stock reduced MAY 1939 May succeeded in getting back on in upward track after losing a small amount of ground the April and a great deal of ground in March. While the dulness continued in aggravated form, buyers of stocks in the last 10 days of the month were definitely taking in edge ahead in 10 out of the With volume so low, the market the initiative, enabling prices to last 11 trading sessions. could was not the most market the that with pick up and go ahead of one experienced in the but it flourish, a advances consistent in latter weeks many the of part month. the index of 50 stocks compiled When the month closed the New York "Times" showed the prices hack risen 6.08 points, compared with a decline of 0.82 point in April and a decline of 11.07 points in March. In only one month by of out last the 11 did prices record so large an advance, and that was last October, when the index moved upward 7.39 As the month ended prices on the average points above their March lows. When the month opened prices were engaged in trying to extend the points. 13.91 were week of April, and At that point they sold off fairly abruptly, giving up all of their gains in the preceding two weeks. But at that juncture the prolonged and damaging bituminous coal strike was ended by agreement, and the rise was at once resumed. The manufacturing issues showed the way to the rest developed which rally weeks they for two of of the in the list in second the did move irregularly higher. the forward month, followed movement of the closely by the store last 10 stocks. days The utilities, motors and steels also were outstanding in their In fact, all of the major groupings of stocks strength. month higher the ended than they began it, but the oils and the second-grade rails barely managed to register gains. The better grade rail stocks, however, encountered good demand along with the majority of the industrial issues. Virtually every month recently has seen new low records set for trading volume in the corresponding month for a number of years back, and in this respect May was no exception. Total transactions were 12,935,210 shares as against 20,246,238 shares in April and 14,004,244 shares in May, 1938. Not since September, 1934, had trading activity been at so low an estate as in May. Taking Mays alone for comparison, the trading volume last month was the lowest transactions the New York Stock Exchange amounted to $123,104,000 par value in May, of which $7,390,000 represented United States Government issues, $98,423,000 other domestic bonds, and $17,291,000 foreign on bonds. Perhaps the primary cause of the betterment of the tone of stock prices in apprehension May over an was the decline in the widespread outbreak of war in Europe. May devoid of the incidents which kept world markets in a marked state of alarm in March and April. In the inter¬ was national dress field the month began auspiciously with an ad¬ Minister, Colonel Josef Beck, Poland's by Foreign May 5, in which that diplomat was disposed to be firm but not provocative. The London market maintained a strong tone throughout the month, and the flight of capital from Europe to the United States was in greatly reduced on But the sterner volume. not was entirely dissipated from European affairs. the domestic front the favorable developments On cluded the settlement of the bituminous coal strike System's index of production in production improved noticeably, tending to lend en¬ couragement to the view that the spring slump in business might be neither deep nor prolonged. In the week begin¬ American from steel Iron the low and output, Steel of 45.4% according to Institute, estimates increased in the preceding week, of the 48.5% and in the to week beginning May 29 output was further stepped up to 52.2%, the best level attained by the industry since the first week of April. The improvement in steel production ascribable in part to the settlement of the coal strike and in part to the volume of orders received by the industry was -during the period of drastic price-cutting in late April and early May. At the same time firmness developed in whole¬ sale commodity markets, allowing prices to regain the ground which they lost during the March decline. corn, the Wheat, cotton, silk, wool, and rubber prices led the advance in commodity markets. steady were in which in the first three weeks the closing halt. a week, as Government bonds market the found, itself absorbed in the Home Owners' Loan Corporation re¬ funding operation and standing by until the terms of in the June financing by the Treasury could be learned. The index of the Federal Reserve Bank of New York showed that the average yield on Treasury bonds of more than 12 or maturity stood at 2.13% at the monthend, compared with 2.26% at the close of April and 2.51% in May, 1938. The highest grade corporation bonds ad¬ vanced to levels approximating their March highs, and medium-grade issues, particularly the utilities, met with demand good enough to raise them well above their April years to call date lows. In the following table we show, as usual, the fluctuations for the month in the different issues of United States Gov¬ obligations and a considerable number, likewise, of domestic corporate and foreign government May 1 Government Bonds Treasury Treasury Treasury Treasury Treasury 4)4s Range During May , 1939 4s®*_ 1944-1954 354s 3)g3__ 354s Sale 112.20 May 115.16 May 115.4 May 121 .31 May 31 116 .4 May 31 116 .3 May 18 121.27 104.2 May 106.4 May 110.20 May 104 .12 May 4 106 .15 May 17 104.2" 111 .2 May 25 106.26 106.26 May 107 .1 May 17 106.29 li0.15 110.13 May 111. 111 110 .29 May 25 111 .15 May 18 111.10 1946-1956 1940-1943 1941-1943 Treasury 354s__ 1943-1947 Treasury 3)4s 1941 Treasury 3)4s_, 1943-1945 Treasury 3)4s 1944-1946 Treasury 3^8 _.__1946-1949 Treasury 3J4s_ 1949-1952 Treasury 3s 1946-1948 Treasury 3s 1951-1955 Treasury 2)$S---1955-1960 .... 115.18 111.14 nolo May 111.14 May 112.1 May 110.27 May 110.4 May 112.6 111 .29 lll"i7 May 18 112.2 109.5 May 109 .27 May 18 109.21 107.6 107.6 May 109 106.12 106.12 May 109 .6 108 .5 105.22 105.22 May 105.10 May 107 16 May 31 107 .12 May 31 107.12 108.4 May 109 .1 108.29 May Treasury 2 Ms Treasury 2 Ms 1945 1948 107.7~ 107.7 1949-1953 1950-1952 1947 105.14 105.13 May 105:12 May 104.6 May — 110.27 112 .16 May 17 113 .20 May 23 112 .10 May 18 109 .13 May 22 110 .5 May 18 1945-1947 254s._ 2 Ms 2 Ms 2 Ms 116.4 107.20 May 109.1 May 110,6 107.25 .1948-1951 1951-1954 1956-1959 1958-1963 1960-1965 Treasury Treasury Treasury Treasury May 31 iMSt Lowest Highest 1947-1952 Treasury 254s.. bond prices: First Sale Treasury 2s steel May 22 Government issues, Treasury 2 Ms April. Ac¬ tivity in the mines was resumed immediately, serving to wipe out the fears of industry of a coal shortage and pro¬ viding stimulus for other fields, including especially car loadings. Shortly after the coal strike was terminated ning States of the month advanced without Treasury 2 Ms preceding rate, was mainly responsible for the drop Reserve In the bond market firmness of prices also Vas the rule. rise was featured by the unusual strength in United The on of six points to 92 in the Board of Governors of the Fed¬ eral Union Pacific also advanced, touching 99 on May 31 from low of 89 on May 1, closing at 98%. a in¬ May 13 by the signing of a new labor agreement for the industry. The coal strike, which lasted for six weeks and brought the bituminous output down to about one-third of the May 16 to 14% on May 31, and closed at 13% on May 31. Southern Railway rose from 13% May 1 to 16% May 31, with the close at 15%. Northern Pacific moved aheqd from 7% May 17 to 9% May 31, closing the month at 9%. Treasury 2Ms adopted by the British Government to discourage British nationals from speculat¬ ing in American stocks served as a reminder that the tension measures Chemi¬ from 157% May 2 to 167 May 25, with the close May 31 without change at 167. American Tel. & Tel. advanced from 157 May 1 to 165% May 31, with the close May 31 unchanged at 165%. Consolidated Edison Co. of N. Y. moved up from 29% May 1 to 32% May 10, with the close May 31 at 31%. General Electric rose from 32% May 18 to 36% May 31, with the close May 31 at 36%. United States Steel was at its highest May 31 at 50% and at its lowest May 18 at 43%, with the close May 31 at 49%. Steel preferred was at its highest May 3 at 110% and at its lowest May 19 at 98%, with the close May 31 at 108%. Westinghouse Elec. & Mfg. touched its high point May 33 at 97% and its low point May 17 at 86, closing May 31 at 96%. In the railroad list, Atchison Topeka & Santa Fe reached its highest May. 31 at 31% and its lowest May 1 at 26, with the close May 31 at 30%. Baltimore & Ohio declined from 5% May 9 to'4% May 18, closing May 31 at 5%. Chesapeake & Ohio moved up from 30% May 17 to 34% May 31, with the close May 31 at 33%. Delaware & Hudson advanced from 14% May 1 to 18% May 27, the close May 31 being 17%. . New York Central reached its high May 31 at 16 and its low May 1 at 13%, closing May 31 at 15%. Southern Pacific moved up from 11% ernment 1915. since Bond As to the fluctuations in individual stocks, Allied cal & Dye rose 105.13 loVi" May 18 May 31 17 25 23 23 105 .24 May 17 May 108 .29 May 107 .3 May 107 .3 May 109.11 109.26 108.6 107.11 108.25 106.31 Federal Farm Mtge. Corp.— 3MS 1944-1949 3s.._ 1942-1947 2MB 109.15 May 108.15 May 1944-1964 3s 1942-1947 Home Owners' Loan Corp.— 3s series A 1944-1952 1939-1949 ..1942-1944 2Ms series B 2Ms series G 106.10 108.9 101.18 104.28 May 1 Railroad and Industrial 70 X May 1 109.17 May 18 100.13 May 26 101.28 May 23 1 105.12 May 20 108.9 Amer & Foreign Power 5s 2030 Atch Top & S Fe gen 4s 1995 Bost & Maine 1st 5s ser A-C.1967 53)4 107 30 )4 1950 Brooklyn Union Elev 5s Chesapeake & Ohio 4)4s____1992 Chic Milw St P & Pac 5s A.. 1975 Range During May, 1939 1977 1952 Erie ref & impt 5s of 1927...1967 Great Northern gen 4)4s 1977 Columbia Gas & El 5s_May 7 111 Cent St L & N O 5s .1963 9% B.1947 Kan City Sou ref & impt 5s..1950 Mo Kan Tex cum ad) 5s 1967 70)4 May 53 May 107 May 30)4 May 84)4 May 6?4 May 10054 May 854 May 75 54 74 44 4354 May May 94>4 May Internat Paper 5s ser A & §154 Price 78)4 May 31 64)4 May 31 110 May 28 34)4 May 10 89)4 May 26 12554 May 31 9 7)4 May 52 May 9 10254 May 13 11 May 31 80 May 31 50 May 31 98)4 May 12 6154 May 8 M May 69 May 27 10 May 1955 39 May 44 May 1946 N Y C & St L 4 )4s series C. .1978 New York Steam 3)4s_°,_--_1963 72 May 42)4 May 76 H May 11 50 May 29 10354 May 105)4 May 29 Morris & Essex 5s New York Central 354 s Northern Pacific 4s ..1997 Pennsylvania RR deb 4)4s__1970 43 M 103% 7454 83 80 49)4 98 H 69 9 41)4 72)4 49)4 105)4 71 81)4 May 85 ^ay 10 84)4 *2)4 Miy 10 109 May 27 100»*i »May 1 82)4 1952 1968 106 % 1939 I00"i« 10054 May 76)4 7)4 50)4 102)4 1054 May S'western Bell Telep 3s Western Maryland 1st 4s...1952 3354 8854 12554 77 Warner Bros Pictures 6s. Cony deb 3)4s 3 4 77 H 63)4 110 May 68 7854 May 106 May 78 54 109.9 100.13 Closin§ 4654 May l6i" 106.26 May 31 Highest Lowest 121 h May C C C & St L 4 )4s series E 109.13 104.28 May Price Alleghany Corp coll trust 5s. 1944 May 24 2 109.18 May 17 Opening Bonds 10 110 106.10 May 1 106.26 May 31 106.13 May 26 106.13 May 26 76)4 May 84 9 84 Foreign Bonds May 31 Closing Range During May, 1939 Mag 1 ' Opening Price .1971 Lowest 86% May 1 .1955 95% 95 % May 1 Belgium (Kingdom) 6%s .1949 104% 1 Brisbane .1957 104% May 91% May 109 109 May 1 95 May 2 106 May 1 19% May 8 (City) 5s Canada (Dominion) 5s Denmark 6s 86% 1952 . 1942 French 7 %s stamped German (Rep) 7s stamped. 95% .1941 106 Japanese Govt 6%s .1949 20% .1954 _ 79% 77 New South Wales (State) 5S.1957 1 196B Norway 4s - Queensland (State) ext 7s__ .1941 Rome (City) external 6%s_ .1952 1955 Sydney 5 %s May 25 94% May 2 98 May 1 1 «. 103 87% May 31 101% May 25 106% May 25 96% May 31 111% May 25 100 % May 23 109% May 31 22% May 19 81% May 4 99% May 25 100% May 10 105% May 23 58% May 25 102% May 31 3 102% May - 49 47 May 3 99 May 2 VOLUME OF BUSINESS ON THE Price Highest Australia 5s of 1925 Argentine external 4 %s 87% 101% 106% 96% 111% 100 on 109% the 21% longer-term Treasury bonds from 2.26% to 2.13%. On Stock Exchange the call loan rate held at the previous 1939 Stock sales—No. of shares 12.935,210 Bond sales (par value)— $ 98,423,000 State, munic. & foreign ness loans. 160,832,000 20,601,000 16,013,000 123,104,000 131,156,000 179,649,000 200,410,000 30 Days May May 96,800,295 Bond sales (par value)— $ S Railroad and miscell... 559,940,000 State, munic. & foreign 110,895,000 239,325,893 212,421,734 92,797,143 : S $ 39,190,000 500,179,000 1,015,525,000 1,289,691,000 147,227,000 166,841,000 105,459,000 130,904,000 253,089,000 68,168,000 710,025,000 723,806,000 1,525,455,000 1,567,822,000 U. S. Government..... OF BUSINESS ON May May May May May May May May May EXCHANGE CURB THE May 1939 Month of May 2,129,537 Foreign goverment 306,000 Foreign corporate 337,000 562,000 48,231,000 1,459,000 508,000 994,000 328,000 17,287,426 $ 215,219,000 407,272,000 6,530,000 8,777,000 2.693.000 134,212,000 3,112,000 2,719,000 5,794,000 5,508,000 199,516,000 140,043,000 227,543,000 421,557,000 Foreign corporate bond sales.... THE MONEY MARKET be during of westward the DURING MAY the movement abatement of the of foreign previously volume of idle funds showed excess member a bank funds, in and urgeht noted abroad for United States currency. bringing a demand Nevertheless, the huge to the imports, factors excess the the financing and 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% amount of of the month to reserves a new 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% Sun day Treasury disbursements of currency security purchases, 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% May 19 1% 1% 1% 1% the continued enhancement in the values was $100,000,000 each of weekly maturities. Total Outside 91-day bills gold to cover similar imports during May however, approxi¬ mately $250,000,000 represented shipments of foreign cen¬ tral banks placed here under earmark and made for the $432,800,000, of which Sun day May 22... 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% May 25 1% 1% 1% 1% 1% 1% May 26... UA 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% May 27... Satur day May 28— Sun day 1% 1% 1% 1% May 29— 1% 1% Iloli day May 30— May 31 dealings continued to be featured by limited offerings in the fact of active investment demand, as a result of which actual transactions were limited in As volume. during rate for average the previous Reserve Federal of removing part of the respective countries' gold to this center for safekeeping. As a result of these approximately $1,020,000,000, while the a to rose gold actual country increased about $165,000,000 to stock new peak of $15,956,000,000 May 31. Of the total gold importations, $313,500,000 originated from England, $41,700,000 from Belgium, $40,400,000 from Holland, $11,400,000 from Can¬ ada, $11,000,000 from Japan, $4,800,000 from Australia, $3,000,000 from India, $2,300,000 from Switzerland, $2,100,000 from Colombia, and $1,700,000 from Mexico. Discount holdings of the 32 Reserve banks increased from $3,038,000 April 26 to $4,058,000 May 31, while bills bought in the open market continued practically unchanged at the nominal figure of $561,000 May 31 against $562,000 CALL LOAN RATES ON THE NEW YORK STOCK prevailing the month, grade prime four- to six-month paper was quoted at the range of %% to %%. Bank of Under date of May 15 New York announced that received from commercial paper dealers showed a $191,900,000 of open market commercial paper out¬ standing on April 30 compared with $191,200,000 at the end of March, but $271,400,000 at the end of April, 1938. total of RATES FOR MONEY AT NEW YORK Week Ended— EXCHANGE May May 6 13 May 20 May 27 June 3 Call loans on Stock Exchange: 1@1 1@1 1@1 1©1 1 1 1 1 1 1% Range for week (mixed & ind. collat.)(mixed & ind. collat.)__ 1% 1% .1% 1% Week's aver, 1@1 Time loans (mixed & indus. collateral): Thirty days Sixty days 1% 1% 1% 1% 1% 1% 1% 1% 1% Four months 1% 1% 1% 1% 1% 1% Five months 1% 1% 1% 1% 1% Six months. 1% 1% 1% 1% 1% %@% %@% %@% %@% %@% %@% %@% %@% Ninety days — Commercial paper: Double and single names: Prime 4 to 6 months sum, additions, the amount of gold held under earmark of the 1% Satur day which A significant feature circulation. of reserves 1% 1% 1% over two refunding operations concerning, the Governmentguaranteed Home Owners' Loan Corporation bonds, direct Treasury financing was confined to the usual weekly offer¬ purpose 1% ,1% May 20... returns of of to 1% Satur day May 21 high by banking institutions and insurance companies. amounted 1% Sun day May 18— the of Government securities, chiefly due to investment demand ing 1% Satur day only partly offset by a moderate increase in were 6 Months 1% 1% receipts, the slackening demand for loans both for business purposes 5 Months ' 1% 1% 1% _ growth, further substantial $4,300,000,000 May 24 as against $4,120,000,000 reported on April *26. As heretofore, the rise in excess reserves was again due, in addition to the influence of the continued gold 4 Months 1% — Commercial paper expected, the lessening of the European past month resulted in a slowing up tension rapid 69,603,559 8 $ 194,695,000 2,128,000 Foreign government... to 1 2— 3... 4 5— 6— 7 8— 9— 10— 11— 12— 13... 14— 15— 16— 17.. Mixed Collateral on 90 Days 60 Days May 24 61,683,952 17,229,426 $ Domestic was RATES May 23— Bond sales (par value)— As 50,684,000 31— Stock sales—No. of shares Total 31,329,000 33,214,000 34,683,000 May May 30,259,000 32,310,000 576,000 Total bond sales S $ $ 34,040,000 4,703,382 5,067,156 2,802,525 $ Domestic , May May Stock sales—No. of shares Bond sales (par value)— Jan. 1 to May May 1936 1937 1938 LOAN TIME OF Rates 23,565,000 Jan. 1 to May 31— Total bond sales RECORD $ 137,945,000 21,103,000 Stock sales—No. of shares VOLUME DAILY 20,613,670 17,291,000 7,390,000 bond sales un¬ pxtreme 96,654,000 17,658,000 6,844,000 U. S. Government continued collateral security on 1V2% for loans running 180 days. In view of the dulness in security trading, very little new busi¬ was contracted, and renewal transactions were also frequent because of the repayment of some existing and 56% 102% $ $ Railroad and miscell... rates changed at the nominal figures of 1^4% for 90-day loans 1936 18,549,189 14,004,244 loan Time 99 1937 1938 of 1%. level 80% 100 EXCHANGE STOCK Total member bank reserves rose from $9,902,809,000 April 26 to a new high of $10,096,622,000 May 24, but declined to $4,476,764 May 31. Average rates on 91-day Treasury bills receded further from 0.016% April 29 to 0.004% May 29, while average yields on short-term Treasury notes declined from 0.48% to 0.38%, and those April 26. less Month of May Total 15 MONTHLY EEYIEW June, 1939] %@% Good 4 to 6 months bankers' acceptances continued dull, owing of available bill material for disposal open market. Outstanding acceptances, according monthly survey of the Acceptance Analysis Unit of in Trading to the in the inadequacy to the Federal Reserve Bank of New York, published May 12, the totaled $237,831,575 $245,016,675 against March 31 and $278,707,940 April 30, 1938. Import bills decreased from $S7,109,568 March 31 to $85,837,117 April 29; export bills $57,936,223 to $56,095,099, and domestic warehouse $33,643,610 to $30,406,788, whereas bills based goods stored in or shipped between foreign countries increased from $55,714,875 to $56,517,655. Bills held by from credits from on accepting banks aggregated $189,148,383, of which amount $117,548,141 represented own bills and $71,600,242 bills of Rates for bankers' acceptances remained unchanged others. at y2% bid and 7/16% asked fdr 30-day, 60-day and 90-day bills, at 9/16% bid and V2% asked for 120-day bills, and at Low High Renewal Low May 1 1 1 1 May 17.. 1 High Renewal 1 "Monthly Review," discussed conditions in the market for acceptances as follows: "Trading in acceptances continued to be restricted during May by the small quantity of bills released by accepting 1 May 2 1 1 1 May 18.. 1 1 3 1 1 1 May 19.. 1 1 1 May 1 1 May 20-. 1 1 May 21.. bankers' 1 May 4 1 May 5 1 May 6 Saturday May 7 Sunday May 8... 1 • Saturday Sunday May 22 1 1 May 23.. 1 1 1 1 May 24.. 1 1 1 1 1 1 May May 9 1 May 25.. 1 10 1 1 1 May 26._ 1 May 11... 1 1 1 May 27.. May 12 1 1 May 28.. May May 13... 14 May 15 1 1 1 16 1 1 1 1 1 1 I May Saturday May 29... Sunday 1 1 1 1 banks and bankers for . volume bankers' of somewhat further to 1 in the acceptances a open market. Dealers' At the end of April the outstanding was figure $41,000,000 less than a down year about one-half of this decrease is accounted for by a 1 reduction 1 remainder in domestic Holiday 1 sale quoted rates remained unchanged. ago; Sunday 1 May 30.. May 31.. 1 Saturday %% bid and 9/16 asked for bills running 150 and 180 days. The New York Federal Reserve Bank, in its standing." of the warehouse decline reflects credits, and most of the fewer export bills out¬ MONTHLY REVIEW 16 Open market paper rose been passed. has loans mercial ACCEPTANCES PRIME BANKERS' however, reflecting primarily drawings under the $19,200,000 acceptance credit to Brazil, arranged under the auspices of the Export-Import Bank. As for invest¬ ments, the New York banks showed a decline of $34,000,000 in their holdings of Treasury bills, an increase of $17,$8,000,000, Cull Loans 180 Days 150 Days 120 Days 90 Days 60 Days 30 Days Secured by Bid & Ask Bid & Ask Bid & Ask Bid & Ask Bid & Ask Accept'ces Bid A Ask Feb. 1 Ha7 is ya7 is ya7 IG 9ioa y Ha716 ya716 ya? i6 9i6 ay ya9ie 3 ya7 is ya7m ya716 °i6 ay H«716 ya7 is ya710 9 4 5 ya7u ya7 is ya716 °i6 ay %a9i6 ya916 ya9ie 8 ^a7xe Ha716 9—— y3ahe ya9\6 ya916 ya916 ya916 ya9i6 ya9 i6 2 y i6(t Saturday 6 ' Sunday 7 htay 9i 6a y ^a9ie ya9 is ya916 ya916 ya9i 6 ya716 ya7 is 9i 6ay ya716 ya716 9i6a y ya716 ya7 is 11 ya7ie Via7 is 12 y3a716 ya716 — %a9i« 916a y Xa7u 10— Ha" i6 ya9i6 ya916 ya916 ya716 %a9i6 ya916 ya9i6 Saturday 13 Sunday 14 15 Via716 ya716 ya716 °i6 ay ya9ie 16 jH»a7i6 y3a7 is ya7n 9ie ay ya9ie ya716 Ha716 ya716 916(2 y ya916 17 ya716 ya716 9i6ay ya9i6 ya716 ya716 ya716 9i eay ya916 ya916 ^a9ie 22 ya7u ya716 Sunday J^a7ie 9i 6a y ya916 %(Z916 ya716 ya7 IG ya716 °ieay ya9ie ya916 23— 24 ya?16 ya716 ya716 9i6 ay ya916- ya9i6 ya7 is 9ie ay ya916 ya716 9i6(z y ya9ie ya9i 6 •M|a9i6 9i 6a y ya916 ya9i6 9i6d y ya916 ^aui6 18 19 Saturday 20 21 25 ya716 ya716 26 ya7 is ya7i 6 ■ Saturday 27 Sunday 28..— ya716 ya716 ya716 Ha716 29 ya7ie 31— ya716 City bank loans to brokers and so-called brokers' loans—in¬ creased $21,000,000 net in the five weeks from April 26 to May 31. On May 17 these loans fell to a total of $495,-. 000,000, where they were within $55,000,000 of their low for 1938, which was the low since 1933. But in the week ended May 24 the brokers' loans expanded $70,000,000, almost entirely because of dealer operations in Home Own¬ ers' Loan Corporation securities. On May 31 brokers' loans stood at $568,000,000. Street loans, as compiled by the New York Stock Exchange, were $1,467,196 lower in May at $545,975,979, following a decrease of $107,412,496 in April. Demand loans increased $309,565 in May, but time loans were reduced by $1,776,761. A year ago, on May 30, 1938, THE FEDERAL OF BROKERS' incluenee chief The RESERVE BANKSYORK CITY LOANS IN NEW the on banking position in May but its force was outbreak of war in Europe made for a substantial diminution in the amount of gold offered to the Treasury, though the receipts of the metal continued in substantial volume. With the flight of capital from Europe to thb United States proceeding at a slower pace, foreign central banks and governments were able to place under earmark a larger proportion of the again was the inflow of gold from Europe, diminished. The easing of fears over an The Federal Reserve metal sent here. Bank of New York May the quantity of gold held under earmark for foreign account stood at $1,020,000,000, a new record high, representing an increase of $250,000,000. The increase in the gold stock in the five-week period from revealed that at the end of May 31 was $242,000,000, compared with an in the four weeks to April 26. member bank reserves rose $126,245,000 net to a April 26 Actual $10,029,054,000 in the five-week period. For the first time on record bank reserves crossed the $10,000,000,000 level during May, compared with only $2,300,000,000 of such reserves 10 years ago. The exceptionally large rise in bank reserves in recent years has been occasioned in the first instance by the increase of more than 200% in the gold stock and in the second instance by the enlargement of the Government securities portfolio of the Federal Re¬ serve banks. The record-breaking volume of bank reserves and the continuing sluggishness of the demand for credit is a striking commentary on the futility of the efforts to achieve business recovery through monetary measures. Excess reserves increased $100,000,000 net to a total of of total securities—the in of amount $459,- outstanding aggregated loans these 363,905. COURSE OF STERLING EXCHANGE IN MAY Sterling exchange during May, as throughout to of $554,000,000 increase the York New Reporting dealers RETURNS bonds. 955,000,000. Holiday 30 and an increase of $36,000,000 Government-guaranteed issues were un¬ changed at $1,044,000,000, while other securities decreased $99,000,000. Demand deposits—adjusted of the New York banks increased $186,000,000 to a new high at $7,614,000,000. Time deposits decreased $7,000,000, and Government de¬ posits, owing to voluntary surrender of the so-called war loan deposits, were lower by $40,000,000. Loans and investments of the weekly reporting banks in 101 cities increased $135,000,000 in the five weeks from April 19 to May 24, with .loans up $1,000,000 and invest¬ ments up $134,000,000. Loans to commerce, industry and agriculture declined $21,000,000. Holdings of Treasury bills increased $37,000,000, while Treasury notes were up $17,000,000 and Treasury bonds declined $63,000,000. Govern¬ ment-guaranteed issues increased $16,000,000, but other securities declined $143,000,000. Demand deposits—ad¬ justed increased $336,000,000 to a new high at $16,000,000 in Treasury notes, in Treasury day fluctuations were of the World break The steadiness was due entirely War. cooperation of the British and American sta¬ close the to inconsiderable and almost as narrow for a long period before the Out¬ been customary had as April, con¬ Day-to¬ with cable transfers around $4.68. tinued steady, funds. bilization Financial markets in all centers reflected the nervous and invasion German the of result which developed conditions uncertain Czechoslovakia. tension This and after March 16 as a dismemberment of somewhat however, was, May, and conditions improved abated in the second week of during the latter half of the month. It will be recalled that in April, as a result of political fears, risk war were marked up sharply London open market money rates insurance in both London and New York. $4,220,000,000. On May 24 surplus reserves reached a $4,300,000,000, but the rise of $75,000,000 in currency circulation over the Memorial Day holiday and the month-end was mainly responsible for the fall of $80,- rates record high in 000,000 in excess reserves in the concluding week of May. The factors making for an increase in bank reserves during relaxation the $242,000,000 rise in the gold stock, the $14,000,000 increase in Treasury currency, and the $58,000,000 decrease in Treasury cash. The influ¬ ences making for a decrease in bank reserves were the $7,000,000 reduction in Federal Reserve credit, the $108,000,000 rise in currency circulation and the $67,000,000 increase in non-member deposits and other Federal Reserve accounts. Included in the last-named item were the $57,- to bank deposits and the $11,672,000 rise in other deposits. Although Currency in use increased $108,000,000, this rise was more nearly in line with seasonal expectations than were the demands ex¬ perienced in March and April, when Europe was taking United States currency in large amounts for hoarding pur¬ of 35s. Another rates to vessels of 15 specified nationalities. It was decided that future acceptance of merchandise by a vessel sailing under any flag should be left entirely to the individual judgment poses. of the at five-week period included 850,000 increase in foreign central still For change in another month the Reserve banks the total amount of their Government made make advances stood at $11,530,000 on Gold certificate holdings of the Federal Re¬ $287,006,000 to a total of $13,317,722,000, or $45,006,000 more than the increase in the gold stock. Total loans and investments of the reporting New York off $219,000. serve banks rose City banks decreased $59,000,000 to a total of $8,000,000,000 the five weeks to May 31. Loans increased $21,000,000, in while merce, gesting investments declined $80,000,000. industry and agriculture declined that the seasonal peak in the Loans On May rates for rates London of 20s. been to com¬ $12,000,000, sug¬ demand for com¬ per each and 30s. voyages through, to, and from Mediter¬ ports had been subject to an additional Baltic charge in arrangement in participates as a reinsurer. to risks on rates for and Od. a Kingdom. ranean 12s. anticipated which Pool goods shipped to and from "pool" the Government applied only United the underwriters European affairs and reduced the risk insurance. Their new schedules applied eligible to not British the marine London 8 of tension in war risks £100. were The Rates case. reduced to May 8 quoted the rate on rate was extra of 40s. became reduced to Rates 25s. 20s., and where 15s. had was cut to 10s. change was the removal of the restriction of such underwriters. action May 31, half levels. security bills, correspondingly at the end of April, and of May dropped to more nearly normal up second The Gov¬ ernment securities enjoyed a brisk advance in May, but the Reserve banks made no move to stem the rise by selling securities out of their portfolio. Bills discounted for mem¬ ber banks were $1,020,000 higher at $4,058,000. Industrial advances declined $804,000 to $12,487,000, while commit¬ to the no holdings, and the distribution of the holdings among notes and bonds was likewise unchanged. Prices of ments moved made York New taken underwriters London. in The prompt to follow the which had been previously by American underwriters granting prefer¬ ential rates ships sailing under the American flag was to eliminated with respect to ships destined for foreign ports. effect in May for German, Italian New York rates put into and were distinction Spanish ports were as follows: Exports Imports Baltic ports, excluding German ports... German North Sea ports, excluding German and Italian flag vessels German North Sea ports by German and German Baltic ports Italian flag vessels excluding German and Italian flag vessels Italian flag vessels German Baltic ports by German and Italy and Italian rossessiors excluding German and Prior were All to around other 1% New war and Italian flag vessels.. 2% iy % 2% risk rates to the above ports 5% on foreign and 4% on American vessels. of every description and 011 all courses of rates navigation and the changes / ' 1% I y% 2% 2% 3% Italian flag 1 vessels taly and Italian possessions by German 1% y % M% 1M % iy% were York. correspondingly reduced in both London funds from London, particularly months' continued to cause anxiety to the authorities. The extent, of the gold months' The outflow of gold and States, United the to monetary British the month as follows: Twothree-months' bills, 11/16%; fourbills, %%, and six-months' bills, 1%%. Sterling cable transfers sold on Slay 1 at $4.68 l/16@$4.681/4, and on May 31 at $4.68% @$4.68%. The high for sterling cables in Slay was $4.68 7/16, and the low was $4.68 1/16. LONDON CHECK RATE ON funds to "the defense are so national effective," he said. ' He great, would be interests." report published in Washington Securities and Exchange Commission A early in May by the stated that a study capital, market, and stock exchange developments showed that foreign holdings of American securities increased about of The total in Amer¬ securities during the period, which meant $1,300,000,000 ican corporate net domestic that end of 1937. 1933 to the from by $400,000,000 the entire net increase exceeded holdings securities these of declined $400,000,000. It was apparent in May that since 1937 foreign holdings of American securities had increased still further. The funds invested in securities, however, represented around only a part of the foreign money which had found domicile in the United States since 1933, in increased volume with The foreign money here is during the period. crisis each largely invested in the short-term market and in Treasury obligations. An unknown but large amount is on deposit in banks, while more has gone into private investment or is otherwise constructively employed. The of European capital flight from London and other European centers also took the form of an extraordinary demand for United States currency notes, which were sold banks had shipped abroad more than $25,000,000 in currency; in April more than $50,000,000, and at least another $50,000,000 in abroad at March, New York In premium. a May. resulted which gave promise of curtailing the Chancellor The the Government's easy money in of the public, export of capital to cooperation on the part in greater degree than he had expected. insisted that there would be no change even an the Chancellor's appeal to in¬ of May end Toward the vestors industrial The situation policy. England seemed in more reas¬ to London at the end of May. A slight improve¬ ment was recorded in April, and the number of persons 1 176.72 148s. 6d. May 17... 176.73 148s. 5Md. 2 176.73 148s. May 18--- 176.74 148s. 6d. 3 176.73 148s. 5J^d. May 19 176.74 148s. 6d. 4 176.73 148s. 6d. May 20 May 5__ 148s. May 21 was 295,000 more than a year ago. However, improvement was largely ascribed to the increased pro¬ duction in armament industries and in engineering and employed the There was under the the rearmament program. improvement in shipbuilding industries contributory works also an to encouragement of the Government. With respect purely productive employment, however, British industry no sign of improvement. Textiles were depressed, to showed housing program had come to a virtual halt Nor was there any sign of expansion and the great some months earlier. The best that could be said for general business outlook at the close of May was that threat of immediate war had apparently been greatly British in the the export trade. diminished. Gold on offer amounted to The London in London open the market during Slay £8,551,000, compared with £10,922,000 in April. check rate' on Paris was steady throughout varied from 176.73 francs to the pound. The range was between 176.72 and 176.74. The London open market gold price ranged between 148s. 5d. and 148s. 6d. The American price for gold (Federal Slay, favoring Paris, and hardly Reserve Bank London open in of of New York) continued at $35 an ounce. market money rates, which firmed up sharply April, eased to become more nearly normal in the middle May. Closing rates in April were as follows: Two- . 176.73 — 6d. 6d. — 176.73 148s. 6d. SUN DAY — 148s. 5^d. — 176.73 May 7. May 23 — 176.73 148s. 5^d. May 8.--. 176.72 148s. 6d. May 24 — 176.73 148s. 5d. May 9 176.72 148s. 5Md. May 25 — 176.73 148s. 5^d. May 10 176.72 148s. 5Hd. May 26 176.73 148s. 5^d. May 11 176.73 148s. May 27 — 176.73 148s. 5^d. May 12.—_ 176.74 148s. 5^d. May 28 — May 13- 148s. 176.73 6 May — 148s. 176.73 - 14 15 176.73 May 16 176.74 commenting 5d. _ May 29 5^d. SUN DAY HOLI DAY — 30 — May DAY SUN May In May 22 6d. SUN DAY May 176.73 5^d. 148s. 5^d. 148s. 5Hd. 176.73 May 31 148s. 148s. 5Hd. the foreign exchange on situation during Federal Reserve Bank of New York said in its "Slonthly Review" for June 1: "Slarked relaxation in tension over the European politi¬ the Slay steady diminution and consequently trading in the foreign exchange markets was quiet during most of the month. The departure of Slaxim Litvinov from the Russian Foreign Office and the subsequent delay in the British negotiations with Russia injected some uncer¬ tainty into the markets, but these developments had no significant effect on exchange rates. "A feature of the market was the strength shown in spot cal Slay resulted in a during situation demand for dollars by foreigners, in the guilders through May 15, when the rate reached the highest since the early part of February. This $0.5394, rise was associated in part with financial operations in the Amster¬ dam market by the French Treasury and French railways, and in part with short covering, induced primarily by the more optimistic attitude over the European political situa¬ the During tion. of the month remainder there was an irregular decline in a thin market, but spot guilders ended May at $0.5372, as compared with $0.5351 at the end of Swiss francs improved somewhat in the latter part to show a gain from $0.2247 at the end of April. month of the April to $0.2253 at the end of May. Belgas, meanwhile, held close to $0.1702, the level reached at the end of April. There was a noticeable improvement in forward rates for the so-called neutral currencies, and the discount on three- which had widened to the equivalent of montli belgas, 19% April 21, receded to as low as 3%% in the latter part of May. "The undertone of sterling was steady or moderately firm per annum on and arbitrage shipments to the United currently available in the London bullion sufficient to maintain the spot quotation be¬ during the month, gold of States market were $4.68% and $4.68%. An easing in interest rates in London, accompanied, according to market comment, by official operations involving an exchange of forward for spot dollar exchange, was reflected in an improvement in forward sterling; the discount on three-month contracts declined from an equivalent of 2 3/16% per annum at the tween April to close May at 1 3/16%. French francs con¬ to hold close to $0.0265 during the month, and the French authorities are believed to have acquired additional end of tinued amounts suring other Gold Price May when the requirements of deleterious to the of capital at this time, national Gold Price Paris Paris May to his statement of April 20 that of investors will indicate to them that the good sense London Open Market on May again directed attention export London Check Rate on asked and I think they will be about it, London Oven Market May circular a Mean Mean one insurance company to advocating the transmission of the United States. "I have taken definite steps issuing OF GOLD IN LONDON London remarks to the Commons the Chan¬ had he that said cease PARIS AND PRICE Check Rate statement. cellor close to months' York. repeated several times in May, and on May 17 London stockbrokers seeking to stem the export of capital reached an agreement not to quote American securities until further notice. This action fol¬ lowed a statement in the House of Commons the day before by Sir John Simon, Chancellor of the Exchequer, cautioning British investors against sending their funds abroad, the fifth such official appeal since the end of December. An unofficial request, having all the force of an official action, to desist from quoting transatlantic (United States) securities had been sent to brokers by the Bank of Eng¬ land in the form of a note calling attention to Sir John In the course of his sharply bills, 21/32%; months' Chancellor's request was Simon's 1%%; four- bills, 1 %%, bills, dropped 1938, when the gold stocks of the United States reached $13,000,000,000, an additional $2,956,000,000 had arrived by May 31. It should be recalled that on several occasions following March 16 the British authorities took special measures to arrest the flow of investment funds abroad, excepting only the flow of such investments to the British Commonwealths. Toward the end of April the Chancellor of the Exchequer took the significant step of appealing to private investors not to export capital at present by buying foreign securi¬ ties. The appeal was intended in particular to prevent the July, transfer of funds to New three-months' 15/16%; bills, and six-months' bills, 2%%. These prevailed during the first half of Slay, when they rates indicated by the fact that since transfers to New York is The 17 MONTHLY EEYIEW June, 1939] of gold and foreign discount "The exchange. Canadian on dollars narrowed slightly during the month to about %%, while, rates for the Latin American and Far Eastern currencies Showed no material change." Canadian at all times exchange was at a Montreal dollar. funds 33/64% and 7/32%. Changes in the gold were as irregular throughout May, and terms of the United States ranged between a discount of discount in holdings of the Bank of England For the week ended May 3 a decrease of follows: £179,182; for the week ended May 10, a decrease of £47,000 ; for the week ended May 17, a decrease of £71,644; for the 24, week ended May a decrease of £27,004, and for the week The Bank's gold Pursuant to the Currency and Bank Notes Act, 1939, the Bank of England statements beginning March 1, 1939, have carried the gold holdings of the Bank at the market value current as of the statement date, instead of at the statutory price which ended May 31 a decrease of £45,000. holdings on May 31 stood at £226,718,000. was formerly the basis of value. Details of the gold movement at the Port of New York "Monthly Review" of the Federal Reserve Bank of New York for June 1: were outlined as follows in the "The abatement in demand for dollar exchange in Euro¬ markets was reflected after the early part of May in a marked slackening in gold arrivals from abroad for sale to the United States Treasury; although imports of gold con- pean 18 MONTHLY REVIEW tinued substantial volume throughout the portion in siderable these inclination the hold of of number a increased an shipments portion United States by placing of foreign their of month, central gold with banks in reserves the of classes York May in totaled $313,500,000 came from England, $40,400,000 from Holland, $11,400,000 from Canada, $3,000,000 from India, $2,300,000 from $416,100,000, $41,700,000 which of from Belgium, Switzerland, $2,100,000 from Colombia and $1,700,000 from Mexico. On the West Coast, $11,000,000 was received from Japan, $4,800,000 from Australia, and $900,000 from China. The in increase the of amount gold held under earmark for foreign account was about $250,000,000, and at the close gold held under earmark at the Federal Re¬ of the month banks serve close to $1,020,000,000. was As the accompany¬ ing diagram indicates [this we omit.—Ed.], the amount of gold earmarked here for foreign account has grown rapidly since the latter part of 1937. European political uncer¬ have induced tainties foreign central banks to maintain a portion of their gold reserves in non-European centers, and earmarked stocks here has been accompanied by a considerable, though smaller, accumulation of foreign earmarked holdings in Canada, South Africa and India. the growth in "The gold stock of the United States increased about $165,000,000 during May, as compared with a gain of $530,000,000 during April and $385,000,000 in March, and reached high figure of approximately new a $15,955,000,000 at the French francs AND arrive Lebrun the the for fiscal Paris remained at around 176.73 Finance Minister Reynaud to Presi¬ five situation months of his ministry showed definitely improved. Government received a vote of had 13 the French confidence in the Chamber of general policies. With Premier Daladier received In on its foreign to policy alone, unanimous support. practically discussing the five months during which his program been in effect, Finance Minister Reynaud showed that had production had franc progressed had become he Deputies of 375 to 230 respect the 12% increased from and its pointed position strongest European currency. out of that the weakness to Unemployment, and capital con¬ zero A Government francs from in 40-year 5% loan amounting to 6,000,000,000 issued on May 15 and was fully subscribed was before the all close the of day. Response to the loan parts of the country and was In addition to the rapid absorption naud especially came marked districts. rural asserted, subscriptions since of the loan, M. Rey¬ the beginning of May obligations had exceeded repay¬ by 1,277,000,000 francs. As of the end of April, sav¬ ings bank deposits were reported to have exceeded with¬ drawals by 4,281,000,000 francs. M. Reynaud cited an in¬ the to ordinary Treasury ment fund the in crease of of assets than more the French currency stabilization 12,000,000,000 francs in less than four to that the undoubtedly loan new hoarded funds. On carried to an Holland item May on and a large the old part of the subscrip¬ Treasuries came from May 18 "De Telegraaf" of Amsterdam effect the 31 that France approximately would 150,000,000 issue in interest rate prevailing on May 25. It was thought probable that simultaneously with the issue in Holland there will be a French loan issue Switzerland of in of 300,000,000 Paris cable on a Swiss francs. transfers sold on 3*4% six-year debenture firmness the the which developed toward belga is 16.95. entire month September, 1938. wise cal during the standstill on change and that of ruled had close so end in of April. New York 17.03, on forward belgas was like¬ the highest since The Belgian financial and politi¬ far improved early in May that on May 10 the National Bank of Belgium reduced the redis¬ count rate from 4% to 3%. The rate had been raised from 2%% to 4% on April 17. The action reflected the belief of the Belgian authorities that the pressure on the belga had been definitely relieved. Belga cable transfers sold on May 1 at 17.00%@17.03, and on May 31 at 17.02%@17.03%. Italian lire were held steady throughout the month by the strict control withhold at publication Rome. of any The Government continued figures which might to throw light on the financial and business situation in Italy. Cable transfers on Rome sold at 5.26% @5.26% on May 1, and at 5.26% @5.26% on May 31. The German mark situation continued unchanged during May, and strain was apparent in the foreign exchange, eco¬ nomic, and financial situation. Official financial figures published in Berlin afforded no enlightenment to foreign observers. of German creditors ended year debts in an default on agreement again Feb. able were to 28, 1939, current paid in full in foreign ex¬ was the volume registered marks for travel purposes at In spite of position, it a heavy loss to the secrecy surrounding the German fiscal generally accepted in banking circles that was the 1938 deficit must have been around 15,000,000,000 marks, by consolidated loans and the "delivery bills," the was discontinued on May 1. covered issue of which The "New Under this Financial Plan" became operative Reich the arrangement will on its pay May 1. suppliers 60% in cash and 40% in tax certificates, which represent cross between a supplementary currency and a forced a loan. Exchange steady exceptional Although for the Swiss while its was con¬ sterling. The irregular fluctuations, and highest levels, and showed spot quotations. Swiss futures strong. National ratio and premium. exceptionally was war were to The steady throughout the month. few months earlier the unit was at a discount fractional a the at firm was futures, in May at or a wide currencies relation strict at the lowest recorded firmness Swiss franc in showed even May 1 at on during the Scandinavian moved guilder firm was quoted was May 31 at 40.11%@40.14. the as which gold mark or on the countries neutral on far so Holland but Bank of gold was to quoted were either flat The Swiss financial position The ratio of gold to notes in generally better than 141%, sight liabilities exceeded total 82%. / Guilder cable transfers sold and on on on May 1 at 53.25% @53.36, May 31 at 53.69%@53.77%. May 1 at 22.46@22.47%, and 22.54%. Cable transfers Swiss cable transfers Sweden on May 31 at 22.52%@ 24.11@24.12% on on were May 1, and 24.11%@24.13 on May 31. Exchange on the South American countries was steady Argentina took measures to extend the allow¬ able imports from the United States in automotive lines by approximately $9,000,000. Brazil put in operation machinery to liquidate a total during May. of $15,000,000 of frozen commercial balances in Brazil held by American exporters. Credits which were obtained from the Export-Import Bank of Washington in the trade and between year financial Brazilian be used to finance all that agreements and connection with signed American in the will Santiago dispatches stated economic mission from Chile headed an earlier representatives liquidations. Minister will arrive in Washington in by the Finance July. It is thought merchandise credit will be granted to stimu¬ late trade between the two countries. probable that Toward Colombia a the end relaxed of the exchange control May office of restrictive governing permits for the re¬ mittance of foreign exchange abroad. This action was due presumably to the large amounts made available by the slight rise in coffee prices and the dollars brought into the country by oil companies. The official quotation ranged between range Exchange in on 31.21 for and exchange 31.23. between was Rio de Janeiro Par during to The discount materially reduced. situation the The spot rate display the the the creditors. market to the February and of standstill credits was re¬ duced from 970,000,000 marks to 780,000,000 marks. The greater part of the reduction resulted from the sale . May 1 at 2.64% @2.65, and May 31 at 2.64 15/16@2.65 1/16. Belgian currency during May continued of standstill loans, that report guilders of 4% French Treasury notes, to bear a dollar clause provid¬ ing for repayment based on the official dollar exchange of renewal Toward the end of the month said tions satisfactory a long-term months. He at sold declared, had declined almost to tinued to return. next and of October, 1939, in New York City. atmosphere of goodwill. Against the gloomy background cerned, francs to the pound. The report made by dent on of debtors renewal a States. 40.11% @40.15, and FOREIGN EXCHANGE in Despite the prevailing acute political tension, representa¬ tives of Germany and of creditor nations were able to exceptionally steady throughout May. were The London check rate that OTHER German 15 to the end year The so-called free CONTINENTAL May one between May on This will be the first standstill conference to be held in the month-end." On ended fixed the next meeting in United New at conference creditors agreement for gold under earmark with the Fed¬ imports standstill foreign to eral Reserve Bank of New York. "All The con¬ a connected was 23.10 The and on Buenos unofficial 23.25. Aires or The free rate on between 5.40 and 5.50. was the Far Eastern countries continued to move close sympathy with sterling, to which these units are allied either legally as in the case of India, or through ex¬ change controls as in the case of the Japanese yen, which is held to sterling at the rate of Is. 2d. per yen. A feature of Far Eastern exchange in May was the sharp drop in yen notes of the Japanese-sponsored Federal Re¬ Bank of North serve For many China, in terms of the Shanghai yuan. months Japanese authorities endeavored to oust the old the Japanese-controlled Chinese currency by means Provisional of these notes. Government of First North China attempted to force a depreciation of the old yuan by decreeing a discount of 10% against North China Fed¬ eral Reserve notes. In February a further discount of and after March 14 the prohibited. use of the old currency was Nevertheless, the yuan continued to 30%, entirely circulate North in notes on the than It China, and after May 19 the Japanese-sponsored at a discount of 17% under the yuan, although basis of the official rate they should have been more were 66% above the old is understood money. the Chinese equalization fund re¬ cently established with British aid helped both Chinese and that (Continued on page 111) Stock Exchange New York MONTHLY AND YEARLY PRICES DURING MAY 1939 RANGE OF BOND 710,025,000 31 Jan. 1 to May sales are disregarded in the monthly range are shown in a footnote in the NOTICE—Cash and deferred delivery •utside of the regular Jan. 1 to 14,004,244 12,935,210 Shares. May $121,156,000 723,806,000 $123,104,000 I May 1938 1939 Stock Sales 1938 1939 Bond Sales RECORD ^ 92,797,143 96,800,295 May 31 month's range unless they are the only transactions of the month, and when selling month in which they occur. No account is taken of such sales in computing th* for the year. range The tables on pages 19 to 40 furnish a complete record of the transactions on the New York Stock Exchange during 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. In accordance with the rule adopted by the New York Stock Exchange in 1909, all quotations for interest-paying bonds May, 1939, and the range are the price to which accrued interest must be added. The exceptions to rule This method of quoting bonds became effective Jan. 2,1909. at a sent one or more 32ds of Sales in May a point. gS BONDS N. Y. STOCK Value PRICES Price JfS EXCHANGE 1939 May U S GOVERMENT BONDS 1947-1952 102,000 Treasury 4Hs Registered 120", 000 A ...1944-1954 Treasury 4s Registered 174,000 Treasury 3Hs Registered 29~6oo Treasury 3Hs 1,000 Registered 59,000 Treasury 3%s Registered 37,066 Treasury 3 Ha D J 2,000 133", 000 O -- 1946-1956 m" s 1940-1943 ~J D F 1941 152", 600 288*666 Registered Treasury 3s 454" 000 Treasury 2Ha..... i4~7~666 Registered Treasury 2 Ha 175*666 Registered...... Treasury 2 Ha 280*,000 Registered Treasury 2 Ha 113.10 Jan. 104.2 May 31 104.12 May 104.2 May 31 105.8 Jan. 23 May 15 104.10 May 27 106.15 May 15 104.10 10 May 17 106.4 May 15 104.30 May 27 106.27 Jan. 106.4 Jan. 3 110.20 May 109.30 Jan. Jan. 106.26 107.12 May Feb. 23 107.7 Jan. 26 110.29 Sale"" Sale l"o*6*.6* 110.23 117" 11 1". 3 M "s 1676* M 1948 M 1950-1952 106.30 M 1942-1944 Series g FOREIGN GOVT & 109.27 Jan. May 18 109.22 Jan. May May 8 110.24 Mar. 31 111.14 May May 17 109.11 Jan. 26 112.16 May 17 Apr. 10 110.28 Mar. 21 May 23 8 111.2 112.16 25 110.21 27 111.15 111.2 Mar. 27 May 18 May 8 11616 Sale" 1172* 113.20 May May Sale" 116.4 2 May 23 109.2 Jan. 26 113.20 May" 18 108.19 Jan. 27 111.29 May 18 Mar. Jan. 6 110.2 26 112.10 Mar. 107.4 107.10 Sale 112.1 1115*7 Sale" 1105*7* 1115*9 110.2 Sale Sale 12 111.15 Jan. 7 109.22 Apr. May Apr. May 1125*0* May" 18 May 1665*1 Sale" 1672*6 May" 1665*3* 1665*6 Sale" 1665" May" 3 116*5* May" 9 1665*7* May" 16 6 May 18 19 22 21 18 fo"8*.io 1665*1 Sale 166.5 May 16616" May" 18 26 109.13 27 107.6 Jan. 25 110.5 Jan. Jan. 27 108.24 26 109.27 Apr. 25 105.19 106.3 ios 5" 109.4 Jan. Jan. 107 107 169*" May 22 104.12 104.10 1672*5 Sale" Jan. 23 106.3 Jan. 23 104 Jan. 26 109.6 May 18 26 108.5 May 31 May 18 "s 1035*3 Sale 1665*2 Sale 16675 Sale 1665*2* May"! 10875 " May*31 103.4 Jan. 102*2*8 Sale 1672*2 Sale 1075*2 Sale 1665*2* May" 1 1075*6* May*31 I62I2O Jam 105.13 Sale 107.11 Sale 105.10 May 1 107.12 May 31 102.20 Jan. 26 107.12 May 31 108.1 108.4 108.29 Sale 108.4 May 4 109.1 May 17 106.6 Jan. 26 109.1 May 17 107.7 Sale 108.25 Sale 107.7 May 1 108.29 May 25 105.1 Jan. 30 108.29 May 25 102.13 Jan. 27 107.3 May 23 102.24 Jan. Jan. 7 102.24 27 107.3 Jan. 102.16 May" 17 102 Jan. 26 105.24 May 17 May 24 107.9 Jan. D S 104 b 105.5 Sale 105.15 1676* 1 18 ■ M 1665*4 Sale"" 1665*1 Sale" 1665*3* May" 1 1673"" May~23 "S 102*2*4 Sale"" 1665*2 1*0*5*. 14 1665*6 1*0*7*. 1 105.12 D s M 1674* 1*02.12 1676 107.2 107.12 Sale"" 1055*1 105.25 108.18 108.20 109.30 110.4 May 1676' May" ! 1055*4 109.15 May 10 110 166" 1*0*9*3 1665*3 Sale" 108 5*5 May" 2 1665*8 1665" Sale 1065*0 Sale" 1665*6 Sale" 1667l6 May" 105.10 1665*4 1*0*5.27 1665*1 1*0*6". 17 1665*3* May" 26 1665*3 A 108.9 Sale 109.9 1025*1 1615*8 Sale 1665*3 Sale Sale 7 "j 1045*0 Sale 1672*8 Sale 1665*6 *26 1075*6* Maybi 5 110 7 May 23 May 24 May" 17 106726 Jam"*3 1655*8* May" 17 May 61 l06 Jamil 1065*7 Mar. 30 1665*0 105*14 May 109.17 May 100.13 104.28 1 6 108.21 May 26 101.28 May 1 105.12 May" 26 lobb* Jam"*5 1065b May"26 May 18 106.26 Jan. 3 109.17 May 18 6 108.21 May 6 108.21 May May 23 100.13 May 26 102.22 Mar. 101.25 Sale 106.26 Sale 108.9 108.21 F 1 107b" May"23 106*2*7 Sale *8 105*" M N ... . Registered Sale" May May Sale D Corp— 1939-1949 1176 110.29 May May 12 110.15 111 110.13 "d 162*2*2 Sale"" Registered Registered 2Hs Series B May 25 1676" May" M N 1942-1947 6 Mar. 10 Sale M 1944-1952 Mar. 29 Jan. 166" 1944-1949 3s Series A May 25 109.22 10 110.24 May 25 110.16 lll5*4 Sale 116730 Sale" *8 1672*2 Sale 1942-1947 7 "j 2 Ha May 17 111.2 9 May 18 106.12 Sale 1947 Home Owners Mortgage May 25 1677 106.2*9 Sale" 1665*6* May" 1*0*9*. 10 11727 1*1*1*.31 1135*5 113.21 104 5*1 Sale "s 1674 111.2 27 116.3 102.25 Sale M 1949-1953 ; 108724 D May 31 111.2 109*2 J 120.20 110.15 109*12 Sale 1960-1965 1945 Registered Apr. 20 102.14 Feb. 24 104.1 Jan. 30 105.12 May 20 May May 20 6 2 MUNICIPALS Agricultural Mtge Bk (Colombia)— iGtd sink fund 6s 1947 iGtd sink fund 6s 1948 Akershus (Kingd of Norway) 4s.l968 AAntioquia (Dept of) Col 7s A..1945 ^External s f 7s series B 1945 iExternal s f 7s series C_. 1945 AExternal s f 7s series D ..1945 56,000 63,000 30,000 43,000 a7s 1st series 58,000 a7s 2d series.. 36,000 a7s 3d series 37,000 30,000 Antwerp (City( extl loan Argentine Nation (Govt 8 f external 4%s 589,000 1957 1957 1957 5s of)— F A A O 25 % 25 H J J 93 H 10 H J J 10 % J J 10% 10 % M 8 A J O A O J A O 1958 J D 1948 9% 8% 8% 95% 26 26 95 Sale Sale 11% Sale Sale 9% 10H 96 MN MiV Sinking fund external 4%s—1971 F A S f external conv loan 4s_Feb 1972 A O 8 f external conv loan 4s..Apr 1972 18 1115*0 Sale" 1944-1964 see page May 116727 Sale" ... 3H8 For footnotes 116.3 Sale 1958-1963 7 3s 190,000 604,000 254,000 May 111"" 1956-1959 3s 9,000 115.4 1165*5 Sale Registered 8,000 4,000 May 116.5 Sale Federal Farm Mortgage Corp— 2 Ha 116"" Sale Treasury 2s 55*666 115.22 106*. 14 1665" 16672*6 Sale - Registered Treasury 2 Ha Registered 646,000 May 7l'o 1147.13 104.2* 107.13 1951-1954 7 Registered Treasury 2 Ha 4.000 115.15 1165" Treasury 2 Ha 243,000 9 106 5*1 Sale Registered 15*666 May 169*2*7 1948-1951 58,000 Treasury 2H$ 122", 000 115.22 Sale"" O ..1945-1947 Treasury 2Ha...._ 1*5*3*666 1165" O Registered 18,000 May 31 May 109.31 115.6 1674* 1955-1960 M~8 Treasury 2Hs 10*666 116.4 104.10 11*572 165730 ........... Registered Treasury 2Ha Registered 97,6061 Jan. A 1951-1955 Registered 440*666 May 114.17 A ..1946-1948 Mar. 21 Jan. May 31 114 1949-1952 j" "5 Registered.... Treasury 3s May 31 12 120.10 119.2 116.4 1*05.10 1946-1949 7D Registered 26 121.31 May 1944-1946 131,000 Treasury 3Hs Jan. 115.16 1943-1945 Registered.. 178,000 Treasury 3Hs 1,000 Registered 97,000 Treasury 3H8--......... 102*666 165*" 118.26 115.15 1155*8 Sale" D Registered Treasury 3HS-- 1,624,666 113*1*0 113*20 Sale Prices Sale Prices Sale Prices Sale Prices 121.31 120.19 120.23 121.27 Sale "i 1,000 339*.000 Sale Ask 1 Highest Lowest Highest Lowest May 31 Ask Bid 116*2*0 1943-1947 7 - - Registered 421*666 114*17 106*27 1941-1943 "m "s Treasury 3Hs 2ob~666 Sale 119 1 RANGE SINCE JAN. IN MAY Jan. 3 Bid $ bonds and bonds on which Quotations after decimal point repre¬ are income interest is in default. 27 26 87 *94*" 89 H 13 Sale 13 Sale 13 13 Sale Sale Sale 78% Sale Sale 27 93 H 14 % Sale 11% 13 12 % Sale 11% Sale 88)5 Sale 91 % 87 H 78 % 26 86 % 77 % 77 % Sale Sale Sale Sale Sale 14H Sale 14 % Sale 14 % Sale 13% 16 13% 13 H Sale 92 H Sale ----- Sale 87 % Sale 79 Vs Sale 79% Sale 95 26 26 May 25 May 9 90 May 11 May 13 May 13 May 13 May 12 May V May II % May 88 % May 13 91 % May 1 86 % May 1 77% May 77% May 8 2 26 May 25 26 % May 90 May May May May May May Mar. 22 11 90 Apr. 10H Jan. 10 3 9H Feb. 10% Feb. 10% Jan. 1 1 3 9H Jan. 28 31 31 27 26 26 May 31 May 31 87% May 31 79% May 31 79% May 31 95 30 \ 8 25 14 % May 27 14 % May 31 14% 14 % 13% 13% 13% 92% 23% Apr. 5 9% Jan. 25 9% Jan. 28 85H Apr. 17 89% Apr. 11 83H Apr. 11 Feb. 3 75% Apr. 8 76 27 Mar. 13 26% 94% 14% 14% 14% 14% 13% Apr. Jan. May May May May May 13 ^ May 13% May 90% Jan. 26 7 27 31 31 31 27 26 26 11 May 31 87% Jan. 10 95 79% May 79% May 31 31 20 N. Y. STOCK Sales in Price May BONDS Value N. Y. STOCK EXCHANGE | EXCHANGE-BOND^' prices in may 1939 May 1 FOREIGN GOVT (Continued)— Bid 362,000 Australia 5s of 1925..-July 15 1955 J J 267,000 m s External loan 5s of 1927 251,000 External g 4%s of 19281956 m N 18,000 iAustrian Govt s f 7s — }$57 J J 6,000 iBavaria (Free State) extl6%s_-1945 F a 28,000 Belgium 25-yr external 6%s 1949 M S 51,000 J External s f 6s 1955 J 97,000 External s f 7s 1955 10,000 ABenin (Germany) s f 6%s 1950 22,000 AExternal sinking fund 6s 1958 125,000 ^Brazil (U S of) external 8s 1941 311,000 AExtlsfg6%sof 1926 486,000 AExtl s f 6 %s of 1927 308,000 ACent Ry 30-year g 7s 38,000 Brisbane (City) s f 5s 23,000 Sinking fund gold 5s 22,000 20-year s f 6s 39,000 ABudapest (City of) 6s--_- 1957 1957 1952 1957 1958 1950 1962 101% Sale 101% Sale 98% Sale Ask 16 Sale 20 106% 22% Sale 105 Sale 95% 95% 90% 11% 16% 104% 101% 115 Sale 110 20 .. «. - 21 — Lowest Sale Ask Sale Sale Sale Sale Sale Sale Prices May 104% May 97% 13% 19% 106% 103 12% Sale 10% May 12 20 Sale 18 Sale (Province of) a6s stamped Readjustment 4%-4%s Refunding s f 4%-4%s Extl readjust 4%s-4%s Extl s f 4 %-4 % S bonds 3 %s external s f $ bonds Bulgaria (Kingdom of)— Sale Sale 100% May Sale 110 22 22 Sale 20 Sale 20 Sale 15% 15% 1-7 % Sale 16% f J Sale 20 Sale 15% Sale 15% Sale 14% Sale 93 88% Sale 14 Sale Sale Sale 91% 89% 99% 101 99 10 Sale 10% Sale 9% 10% 97% 97 97% 101% 11 13% A D J 12 96 D 1961 m S 1977 m S --- 6,000 11,000 ASecured s 55 50% 50% 1976 F a 1976 a o 1975 MiV -1984 J J 90 97% 8 iStabilization loan 7 %s Sale 1,000 1,000 14,000 ACarlsbad (City) s f 8s_._ ACent Agric Bank (Ger) 7s AFarm Loan s 1954 1950 8% J 31% -- 1962 1962 1960 1951 >1 . . 7s— - 1942 24,000 ACosta Rica (Rep of) 7s Cuba Rep of) 5s of 1904- 5s ext debt Ser A of 1914 104% 14 22 26 32 25 18 21 29 Sale 18 Sale 19 29 16 Sale 18 Sale 12% Sale 8% 12% "i3~" 8% 12% 8% Sale 12% f A 16 Sale J J J J 18 16 Sale Sale M s 18 Sale M s 16 Sale II* 19 Sale M'N 18 Sale MN 16 M S J J J D D 12 Sale 12% 15 35 19 D 20% 15 f A 21% Sale 21% Sale 25% 25% 27 25% J D 96 MN 93 A O F a J 94% a J Sale 75 51% Sale 79% Sale 1951 M n 1944 m S 1949 f A 20% 22 108 102 59% Sale Sale 103 72 18 Sale 100 Sale 97% Sale 70 68 1942 M S 1940 A O 2d series sinking fund 5 %8_ —1940 A O Customs Adm 5%s 2d series. -1961 M S 5 Hs 1st series 1969 A O 5%s 2d series 1969 A O ADresden (City) extl s f 7s 1945 M n El Salvador (Rep) 1st s f 8s A-.-1948 AOertificates of deposit (Republic) 7s , 26 25 31 26 26 27 May 12 23% May 16 19 May 5 22 May 2 27 May 12 23% May 16 19 May 5 23% May 23 12% May 9 May 12% May 9 May 12% May 9 May 12% May 8% May 12% May 8% May 12% May 9% May 12% May 9% May 12 May 8% May 14 May 26 10% May 10 14% May 10 10% May 23 14 May 9 10% May 24 14 May 8 10 May 11 14 May 26 10% May 31 14% May 31 9% May 16 14 May 10 10% May 11 13 May 29 9% May 26 Sale 14 13 12% 18 18 19 20 1 4 15 9% 12% 12^8 9% 12 8% May 2 16 12% May 5 10 14 8% 12% 8% 8% 9 10 11 35 19 19% 9% May 10 May 9 9% May 26 13 May 9 9% May 9 12 May 10 13 May 16 May 3 May 3 May 2 81 Sale 77 40 48 82 49% 55 66% 68 48% 70 17% May 7%s unstamped 1941 s f 7s stamped—.—1949 J 7s unstamped 1949 Sale 26 May 10 88% Sale 86% Sale 81 May 26 98 53 1 88% 86% 57% 51% 69 78% May 2 57% May 17 45% May 4 66 May 5 101 22% May 1 Sale 100% Sale 69 28 29 95% Sale 93% Sale 82% Sale May Mqy May May May 26 31 17 24 25 Sale Sale 70 55 Sale 68 66 69% 67% 75 55 74% 69 b5 75 68 75 68 20 18 22% 18 13% - Italy (Kingdom) extl s f 7s 1951 D MiV 15% 69% 20 107% 103 108% 118% 103% 15%' 20 96 100 105% Sale 98 105% 106 13% 18 Sale 106 103% 119% 103% 23> 21 Sale 86 97 19% 109 Sale Sale — 18%* 18% 17 118. 103% 18 May 13 May 5 5 18 May 11 106 May 1 104% May 24 119 May 18 al03% May 9 96 20% Sale 16%, 17% 71 71 70 68 70 70 9 26"" Sale 20 %. Sale 24% 16% 28 21 % 17 26 18% 24 23 ' - 25% 21% 19% 73% 33 23 H . 27 H '21 "25"" 27 ?!* O 78 O 20 J J 20 13% 10% a o 103% . May May May May May May May 21 May May May 19% May 109% May 104% May 125 May 12% 8% 12% 8% 11% 8% 11% 8% 11% 7% 11 8% 11% 7 8% 40 Mar. 26% 26% , 9 24 29 29 23 10 11 29% 21 Sale 16% Sale 17 16 Sale 102% 42 Feb. 2 Jan. 24 5 Jan. 20 Jan. 20 May May May May 31 26 26 26 18 Jan. Jan. 4 Jan. 10 Mar. 23 Mar. 13 Jan. 13 Mar. 13 Jan. 12 Jan. 14 Jan. 4 Jan. 17 Jan. 17 18% Jan. 3 9 16% Jan. Jan. 14 18] 16! 18] J an. 3 Mar. 11 Jan. Jan. Jan. Jan. 16 3 17 Jan. Jan. Jan. Jan. Jan. 14 3 3 11 Jan. Jan. Jan. Jan. Mar. 26% 26% 26% 27% Mar. Mar. Mar. Mar. 27 Apr. Mar. Mar. May May 80% Jan. 96% 94% 57% 51% 17 11 10 10 5 24 30 13 13 10 13 21 10 11 17 24 24 30% Mar. 13 99 25 2 108 105 Jan. Jan. Jan. 60 Jan. 103% Jan. 73% Jan. 75 Feb. 76 Mar. May 52% Apr. 100% Apr. 66% Apr. 18 May 29 May 93 Apr. 92% Apr. 78% Apr. 3 19 9 4 18 17 28 11 105 Mar. 10 Mar. 10 3 97% Jan. 101 65 65 Jan. 4 Jan. 12 71% Mar. Jan. 17 71 15 65 66 Jan. 23 71% Feb. 28 12 66% Jan. 23 Mar. 22 65 16 71 71 19 21 Mar. 11 12 8 1 16 31 31 31 24 5 9 22% May 19 17% May 4 Jan. 9 Feb. 3 14% Jan. 96 Mar. 100 105% Apr. 16% Apr. 105 Apr. 104 71 % Feb. 107 Mar. Feb. 28 1 6 7 28 May 16 Feb. 1 Feb. 8 May 31 May 31 Jan. 105 Mar. 9 113% Jan. 103% Jan. 125 105 May Jan. 5 17 15 Jan. 2o 14% Apr. 17 17% Jan. 14 18% Apr. 19 16 Feb. 8 21 % Jan. 18 Jan. 12 5 17% Jan. 27 14 Mar. 16 May 15 23% May 17 82 Sale May 6 24% May 8 18 May 1 23% 76 May 6 80 15 May 4 16 May 31 102 May 18 102% i* 18H May May May May May May May 17 22 Jan. 6 24* Feb. 27 33 23 23 76 102% 103 9 Feb. 20% May 20 17% May 26 a 17 Jan. 5 al03%May 28 28 12 8 13 11 12 22% Jan. 9 Feb. 57% May 31 57% May 31 58 Maly 31 59 May 31 32% Jan. 65% Apr. 12 105 19 19% May 24% Sale 79 17 75 A 9 12% 8% 26 m A Sale 8% 26 96 May May 1 19% al7% May May May May May May May May May May May 106 23 Mar. 21 27% May 17 27% Mar. 3 23% May 24 80 May 27 4 18% Apr. 18 Mar. 6 105 Jan. 5 16 24 27 31 31 6 : J J J 8% MN 8% 8% J MN F A F a J d 28% Sale mn —107% 273,000 Japanese Govt extl s j 6HiS-—--1954 F A Extl sinking fund 5His —1965 MN 508,000 11% 12% 76 Sale 20 20 103 60 59 40 60 10 10 35 25 113 Sale 29 27 103 62% 12 II* 13, ' 39 Sale 113 Sale 63 44 Sale 79% 64% Sale 10% 10% l!* 8 11,000 Italian Cred Consortium 7s ser B *47 M S J 136.000 Italian Public Utility sfg 7s—-1952 J For footnotse see page 30. 99% 55% 102% May 22 May 8 105% 105% 105% May 103 i—-. 14 sale 20% Sal 21 FA 72 73 69% 67% German Prov & Communal Bks— J 26% May 31 105 II* 16% A35-year 5%s stamped 1965 J D a5%s unstamped --1965 a5%s stpd (Canadian holder)-1965 73",000 AGerman Republic 7s stamped-_ 1949 A O a7s unstamped 1949 5,000 A(Cons Agric L'n) 6His ser A.1958 1964 a7s part paid-. .--1964 AS f secured 6s —.-1968 a6s part paid 1968 Haiti (Rep of) 6s series A 1952 AHamburg (State) 6s 1946 AHeidelberg (City) extls f 7 Hi®--1950 Helsingfors (City) ext 6His 1960 Hungarian Cons Municipal Loan-—7, ASecured s f g 7%s —1945 ASecured sfg 7s Sept 1946 AHungarian Land Mtge7%s A.-1961 AS f 7 His series B —1961 AHungarv (Kingdom of) 7%s—1944 Extended at 4% % to 1979 Irish Free State external 5s——-1960 May 99 May 52% May 54 55% 101% Sale 100% May 70 67% May "69"" 18 35 May 35 65 z29 May 20 35 Sale 95 100 May .2 100% 1 98% 93% May 98% Sale 90 82% May 90% 70 70 12 12 100 105 60 202,000 ii,000 AGreek Govt secured 7s 26% Sale 101% 104% 8% 19% Jan. 19% Jan. 25 Apr. 23% Apr. 24% Apr. 76% Apr. 73% Apr. 47% Apr. 26 26 May 69% May 22 70 May 1 69% May 1 70 May 15 69% May 19 97 D ----- 12 26% May 26 26 May 9 26% May 22 26 May 10 25% May :8 26% May 22 57 J External Sale 100% 103% 18 21 ,5 25 Sale 77 21 16 Sale 65 26 64 29 Apr. Apr. Apr. Apr. Apr. Jan. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. May Apr. Apr. Apr. May Apr. 18 Apr. 19 Apr. 12 Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. 19% May 23 25 Sale 108% 108% 101% 101% 100% 98% 15% 3 25 2 13% Apr. 13 Apr. 15 65% J 1967 Finland (Rep of) external 6s 1945 M S AFrankfort (City of) s f 6%s--_-1953 MN French Republic 7 %s stamped--1941 J D Sale 17% 26% German Gov't International— 355,666 Sale Sale 9% 27 20 20 103% 62 1,000 18,000 14 25% Sale 25% Sale 74 70 74 64% 13,000 14% 10% 12% 35 15% 16% 22% Sale 104 0 18,000 21,000 7,000 3,000 Sale 10% 14% 13 — Mn F Sale 8% 13% 10 14% Sale Sale 13% 11% 16% 12 8% 11% 17% 10 8% 14 . 11% 8% 8% Sale Sale 13% 10% 13% 10 Sale" 21* M S J 12% May May May 103% May 102% May Feb. 44% Apr. 13 44% Apr. 44% Apr. 47 May 32% Apr. 18 Sale 10 Sale \VA MN 8% 8% 15* 12*. 15% 12% 15% mN 11* 9 "25% Sale 9% Sale 31 23 14 O Sale 22% 19 12% 31 22 22% "25% 31 31 May 111% 111% 104% 105% 101% May 99% May Sale 32 66 50,000 18,000 28,000 20,000 23,000 1,000 14,000 Sale 25 A M S May May 102% May 102% May 25 57 8,000 14 109 Sale 31 31 19% May 27 18% May 24 109 Sale 21 f5%s 19,000 Dominican Republic 1st ser 5%s of 1926----8,000 2,000 Sale 11% 111% 102% Sale 104% 102% 103 105% 101% 101% 103% 99% Sale 102% May May May May May 8 1 1 18% May 23 16% May 2 Sale Sale A 15,000 259,000 41,000 59,000 20,000 Sink fund 8s series B—----- 1952 16,000 374,000 Denmark 20-yr external gold 6s- 1942 1955 External g 5%s 165,000 1962 External g 4%s— 282,000 Estonia Sale F 1949 4%s external loan 1977 4%s external debt 1953 30-year s f 5%s_-. APublic Works 5%s.-June 30 1945 Czechoslovak (Rep of) extl 8s— 1951 8,000 1,000 13,000 10,000 54,000 1,000 58,000 109 109 Sale 3 5 - "5",000 2,000 15,000 2,000 2,000 20 34% II* ACologne (Germany) s f 6%s— 1950 m S Colombia (Republic of)— a6s of 1928 Oct 1961 A O 242,000 J AExtl s f g 6s_.---------Jan 1961 J 153,000 11,000 Cordoba (Prov) Argentina 17% May 45% May 46 May 47 May 33 May 20 "ft* o "8"!666 1947 2,000 AColombia Mtge Bank 6%s 1946 ASinking fund 7s of 1926 10,000 ASinking fund 7s of 1927—-- 1947 1952 183",600 Copenhagen external 5s. 1953 old 4%s_ G( 184,000 1957 ♦ACordoba (City) 7s i,000 * 1957 a7s stamped .— 19,000 19' 45 Sale Sale • 30 28 O 1961 AGuaranteed sink fund 6s 17,000 a6s assented--48,000 42,000 AChilean Munic Loan 7 s AChinese Hukuang Ry 5s_- Sale 59 41 19 ■ 28% 8% 12% 8% a -- --- 55 30 M n - - a6s assented 14% 14% 64 57% Sale 57% Sale 57% Sale "22% 1960 A 13,000 AChile Republic ext s f g 7s 52,000 a7s assented 1942 AExternal sinking fund g 6s—1960 79,000 a6sassented 43,000 -----I960 AExternal s f gold 6s 18,000 1961 44,000 a6s assented —Feb 1961 61,000 ARy ref extl s f g 6s Jan 1961 a6s assented 31,000 Ja^ 1961 AExtl s f 6s int ctfs Sept 1961 14,000 a6s assented -Sept 1961 6,000 AExtl sinking fund 6s 15,000 1962 a6s assented 1962 2,000 6,000 47 33 J AExternal sinking fund 6s 8,000 1963 a6s assented ------1963 20,000 24,000 AChile Mtge Bank of gu s f S%8-1957 51,000 a6%s assented 1957 AGuar s f gold 6%s 1961 1961 5,000 a6%s assented --1961 AGuaranteed s f gold 6s 27,000 Sale Sale 55 56 104% 102% 103 98% Sale 18% 21% 1960 1942 m'n - Sale 41% 111% llOHi 103 Hi 103% 1960 a6s Oct coupon on Sale 46% May 112% May 10 20 May 17% 22 May May 17% May 17% May 16% May 96% May 97 May 12 100% May 3 11% Sale Prices 95% 95% 89% 10% Apr. 19 103% Mar. 10 Apr. 27 103% Mar. 15 May 23 Apr. 19 99 Mar. 10 May 29 May 12 17% Jan. 7 May 23 16 Jan. 27 20% Jan. 11 May 25 100% Apr. 108 Mar. 9 May 271 99% Apr. 108 Feb. 24 May 31 102 Apr. 116% Mar. 4 14 May 10 Jan. 21 Mar. 3 May 31 13 Jan. 19% Mar. 2 May 9 11% Jan. 28% Mar. 11 May 25 9% Jan. 23 Mar. 17 May 25 9% Jan. 22% Mar. 11 May 24 9% Jan. 21% Mar. 11 May 31 89 Apr. 98% Mar. 10 May 24 89 Jan. 98% Mar. 10 May 18 97 Jan. 102 Mar. 10 May 31 8% May 11% Jan. 13 60 35% 35% s 1960 f 6s a6s July coupon on AFarm loan s f 6s 46 Sale 55 50 191.000 Canada (Dominion) gold 4s 1960 A O 226,000 30-year gold 5s ----1952 m N 119,000 lG-year 2%s Aug 15 1945 F a 112,000 J 25-year 3 % s— 1961 89,000 J 7-year 2 Ma 1944 287,000 J 30-year 3s 1967 ~i~666 78 Sale 51% 37% 1967 J J 1968 MiV f 7s ' Highest Sale Prices 101% May 25 101 % May 24 19 1 Lowest Sale Prices 95% May 95% May 90% May 10 m S Highest Sale 16% 15% 19% ^ May 31 Buenos Aires 436,000 87,000 27,000 85,000 27,000 ranoe since jan. Jan. 3 ; 63 Sale 46 Sale 80% Sale Sale 60 Sale 9% May 5 8% May 3 8% May 11 9 May 8 30 May 19 21% May 2 10% May 29 10% May 29 9% May 22 9% May 9 30 May 19 27 May 31 5$%~May"~4 '63% May"27 62% May 26 40% May 3 77 May 25 59 May 25 65 May 11 46% May 11 81% May 4 63% Mqy 11 7% 7% 8% 8% 22% 18% 101% Mar. Mar. Apr. Mar. Apr. Apr. Mar. 52 Apr. 54% Apr. 38 Apr. 75 55 Mar. Mar. 11 11 11 13 10 10 Mar. Mar. Mar. 10 Mar. 33 Mar. 30 Jan. 103 Feb. Jan. Jan. 55 Jan. 85% Jan. 65% Jan. ?S* 15 20 10 20 9 6 20 18 5 June, 1939] N. Y. STOCK EXCHANGE-BONDS Sales in a4s of 1904 Bid Ask 89,666 10 % ASmall % 49 45 1957 1958 Norway 20-year ext 100 52 Sale 99 % 100 M 104 % Sale .1943 s f 6s 20-year external s f 6s External sinking fund 4%s External sinking fund 4%s 1944 105 M 104 % 103 M .1956 1965 48 sinking fund extl loan ..1963 Municipal Bank ext s f 5s .1970 ANuremberg (City) external 6s_.1952 Oriental Developments 6s 1953 External deb 5%s 1958 Oslo (City) 4%s extl sink fund-.1955 APanama (Rep) external 5%s__1953 AExtl s f 5s ser A May 15 1963 aStamped (assented) 1963 % 1 5 14% May ai 72% May 24 1 May May May May 25 16 16 25 May 1% May 1% May 1 % May May 16 % May 3 1 May 3 % May 4 1M 1M i% 1% 1% 1% 1% 1 --- 1 Sale 54 Sale 100M 101M 98 101M 5M 1940 9M 9 % 1966 55 15 Apr. 19 2 16% Feb. 21% Apr. 26 4 10% Jan. 64 5 May % Jan. 12 % Jan. 12 4 % Feb. 16 24 15 22 1952 M N 7M 1936 1950 Jan. 1% % % % % % 1940 1945 1946 7M 8% 8M 8M 1978 1978 1984 1952 1952 1958 1958 1961 28 11 9% Sale 8% 32 "40 " 103 19M Sale Sale 25% 10 Sale 9M Sale ---- 11 9M 9M 12 10% Sale 15 20 10% 9% Sale 11M Sale 12M Sale 25 M 25% 96 M 11% 11M 11M 56 % 20 M Sale 12M 12M Sale 21M 20 —- ------ 31 12 31 May 10. 18% May 20 2! 18% May 24 May May l'105% May 23 May 10 105% May 26 May 12 31% May 12 1 May 12% May 24 2 May 10% May 26 10% May 10% May 11 May 10% May 47 May 20 May 18 20 May 6 19 May 10 13 12 11% 12 58% 21 20% 19% May May May May May May May May 31 25 25 25 25 24 6 19 24 25 35 Sale 50 51% 39 M 55 M 40 43 % 39 39 M 41% 41% 37 51 48 16M 20 57 55% 65M 66% Sfele 42 M 37 55 M Sale 40 27% 21M 60 16 Apr. 19% Mar. Mar. Apr. 57 Apr. Apr. Jan. 103 102 Jan. Feb. 20 1 68 5% 8% 8% 8% Jan. 5 Apr. 11 May. May. 26 Apr. 34 May 30% Jan. 22 Apr. 25% Apr. Apr. 2 17 6 67% Mar. 21 43% Jan. 9% Jan. 9% Jan. Feb. 52% Feb. 7 3 Mar. 14 13% 13% 12% 12% 38% Mar. Mar. Mar. Mar. Jan. 50 Jan. 11 10 11 11 5 5 54 May 31 32% Mar. 14 43 May 31 15 Mar. 11 17% Mar. 14 11 70 14% Jan. Feb. 28 28 14 27 Jan. 102% Apr. 19% Mar. 29 1 19% Apr. 10 106% Mar. 17 101 Jan. 26 107 30 Jan. 10 6% Jan. 5% Jan. 7 7% Jan. 6% Jan. 7% Jan. 7% Jan. 43% Apr. 13 5 6 4 16 19 Mar. 10 1 31% Mar. 14% Mar. 11 13% Mar. 11 15% 15% 14% 14% 69% Mar. 11 Mar. 11 Mar. 11 Mar. 11 Jan. 9 15 Apr. 6 15 Feb. Jan. 11 May 24 20% May 6 19% May 19 Mar. 11 19 9 21 May 18% May May May 28 May 99 May 51 May 38% May 55 May 48 May 47% May . 20 22 30 20 38 M 22 7 Sale Sale 39M 31V Mar. Mar. 14 Jan. 4 103% Mar. 10 3 101% Jan. 104 Jan. 5 105 Sale Sale 14 2 May 25 Mar. 10 Mar. 9 52% 48% 97% 99% 12% May 31 11% May 20 30 21 25 29 102% May May May May May May Apr. May May May May 10 10 23 26 16 31 10 16 9 12 26 51 37 M 52% 101% 101% 104% 106% 21 46 36 % 58 45% Jan. 94% Apr. 93 Apr. 100% Apr. 100% Apr. 98% Apr. 94% Apr. 94 Apr. 99% Apr. Mar. 22 40 M M N Mar. 11 15% Mar. 11 15% Mar. 11 51 37 M 54 3 52 41 16 Jan. 18 47 39 1 % Mar. 15 56% Jan. 9 9 46 Sale May 24 1 % Mar. 14 Jan. 53 41 1 % 1 % Mar. 14 11 50 51 37 Mar. 15 14% May 22 12% May 31 11% May 19 11 May 24 28% May 10 25% May 15 25 May 11 42 % 42 % J May 25 Mar. 15 1 7% Jan. 7% Jan. 48 25 16 Mar. 14 13% May 11% May 9% May 10 May 26 May 17 24 May 10 24 May 8 46 - 31 24 12 15M 12 M Sale 10 M 11% 10 M Sale 27 M Sale 24% 24% 14 46 Sale May May Jan. May May 16 55 M 55 2 14% 72% % 1 % 1% 1% 1 % 1% 6% Jan. 6% Jan. 99 M 102% 41 Mar. 10% May 9 10% May 25 51 Sale 1% Mar. 15 Apr. 19 19 Mar. 21 25 10% May 9% May 11% Sale 37 M 54 41 A Sale Sale A D Sale 13 Sale Sale F F 10M 9M 29 21 17% 16% 102% 103% 31% 9% 9% 30 19M Feb. Jan. 27 6 Jan. Jan. 25 4 Jan. Jan. 25 39 23 19 10M 9% 8 16 J J 18 12 10 Sale O 10% May 16 10% May 18 20 15 Sale A 17 20% 24% 18M D F Sale Sale 103M 105 105 M Sale 31M 49 J A May 11M 11% 11% 10% 10% 38% May May May May 28 20 39M 25 27 26 26 26 17 28 12 M .... 22 42 May May May May May 43 May 54 May 27% May 43 .May 34 23 Sale 43 M 40 10 37 41M Sale 51 May May May May 47 33 18 Sale" May 15 Sale 33 102% 10 30 61 54 30% Sale Sale Sale 30 May 29 30 16% 16 % 10M \7 8% 9% 8% 8% 25 M 10% 10% 6M Sale Sale 11M Sale 10 M Sale 10 M Sale 36M 40M 39 27 49 10 58 59 39 26 % 22 100% 52 M 65 M 57 M 59% Sale Sale 1979 M N 33,000 46,000 Yokohama (City) extl s f6s Sale 33 1958 1947 1955 External conversion 102 25 1971 3%-4%-45u% extl conv 4-4%-4%s external readj 3 3^s external readjustment Venetian Prov Mtge Bank 7s AVienna (City of) 6s AWarsaw (City) external 7s 4 %s assented 100M 100 M 101 60 13 % 25M _ 18,000 Sale Sale Sale Sale 30 H 1958 1952 32,000 Tokyo City loan of 1912 5s External s f 5%s guar -.1961 69,000 5,000 AUrugUay (Rep) external sf8s__1946 AExternal sinking fund 6s 1960 1,000 AExternal sinking fund 6s 1964 3 %-4-4 % % {$ bonds of 1937) External readjustment 1979 MN 112,000 3%-4-4%% (S bonds of 1937) 39,000 53 % 49 M 11M 7% 7% Sale D Serbs Croats & Slovenes (Kingdom)— a8s secured external 1962 91,000 a7s series B sec external 1962 177,000 4,000 ASilesian Landowners Assn 6s 19,000 Sydney (City) s f g 5%s 13,000 Taiwan Elec Pow 5%s 7 May May 98 May 101M May 17 May 53 May 48% May 100 May 101 May 24 24 18 25 25 26 31 22 31 22 10 9 23 9 22 3 31 5 24 38% Jan. 23 50 Sale 19 1968 Sale 101 % 99 % 17 Sale 11M 7M 7% 6M 1956 100 53 % 100 May May May May May May May May May May May May 18 May 53% May 49% May 101 May 102 May 12 102 % May 103 M May Sale 48 M 24% 6 101 98 12 52 % May Sale 49% May 26 53% 52% 99% 98% 104% 104% 104% 101% 100% 101% 94 M May 95 May 104 17 17 J .1957 M N _ 35 7 7% 7% 68 M (State of)— 1,000 ASilesia (Prov) extl sink fund 7s 4%s assented 2,000 File Sale 7% 1966 71,0 0 a7s extl water loan 14,000 a6s extl dollar loan 64,000 ASec s f g 7s 192,000 10,000 ASaxon State Mtge Inst 7s ASinking fund gold 6%s.Dec 5,000 Sale 6M 6% 1968 *a8s extl loan of 1921 a8s external ----- 60 Sale 98% Sale 104% Sale 104% Sale ----- 103M 106 M 30 Sale 35 20 -.1946 f 97 M 10% May 10% May 12 101% Sale 35 M 21 A '50 52% 99 Sale 3 56% May 60 23 28 1961 11% 40% May 53 94 % 95 M Sale (City of)— s 47 Sale 1958 1968 f 12 7 Sale 1947 1950 a8s extl loan of 1921 a6s extl sinking fund gold a7s extl loan of 1926 10 50% Sale Sale Sale f 6s_._.1961 ser Sale Sale 10 M 10 3*1 s s Sale 11 ANational loan ext a6%s extl secured 60 1959 f 6s a8s extl secured 54 M 1960 s , 12 Sale" 104 % Sale 50 M 12 101M Sale 99% Sale 18M 53 10 102 M 103 M 104 50 % Sale Sale Prices 25 2M 48 Sale 101M .1947 ANational loan ext San Paulo May May 1 Highest Sale Prices May 10 1 May 11 1M May 16 1% May 6 1M May 22 1% Sale 1m 1% 42" "46 7M Sale 7M 7M 45 1959 Municipal loan 1967 33,000 103,000 Rome (City) external s f 6%s_.l952 28,000 ARoumania (Kingdom of) 7s 1959 AFebruary 1937 coupon paid 3,000 3,000 ASaarbruecken (City) s f 6s 1953 J 75,000 13 64 M % 2M Saje a7s "Y.666 Sale 77 1M 1% 8 % 1958 1959 1952 ASec extl s f 6%s AMontevideo (City) 7s a6s series A New South Wales ext s f g 5s External s f g 5s Paulo Sale Prices 27 —- % 33,000 ARio de Janeiro (City of) 8s .1946 AExternal sec 6%s 1953 142,000 Rio Grande do Sul (State of)— 2,000 13,000 14 M 72 M % Brazil)— 10,000 ARhine-Main-Danube deb 7s 10,000 % M % T% BA Prague (Greater City) 7%s 1952 APrussia (FreeState) extsf6%sl951 31,000 ASinking fund gold 6s 1952 115,000 Queensland (Stateof) ext s f 7s-.1941 25-year extl s f 6s Feb 15 1947 19,000 4,000 Sale Prices 26 M May 17 ..... Sale 67 1m % 9",000 17,000 Ask 28 Lowest : Minas Geraes (State of, ASec extl s f 6%s Sao RANGE SINCE JAN. Highest % " 31,000 MAY Lowest - 10,000 APorto Alegre (City of) 8s AExternal loan 7%s 7,000 102,000 13 Sale B 1954 9,000 APoland (Rep of) g 6s AStabiliz loan 7s of '27 5,000 AExternal s f 8s 91,000 9,000 4%s assented 43,000 4%s assented 36,000 17% 23 M Assenting 4s of 1904 1954 a Assenting 4s of 1910 large AAssenting 4s of 1910 small * ATreas 6s of' 13 assent(large) 1933 63,000 APernambuco (State of) 7s 69,000 APeru (Rep) Sec s f g 7s 526,000 313,000 May 31 Ask'Bid 26 28 25 a ♦ , Bid 40 23 38 233,000 Milan City (Italy) ext loan 6%s_1952 64,000 11,000 7,000 1,000 69,000 53,000 54,000 48,000 52,000 183,000 187,000 4,000 3,000 102,000 98,000 39,000 8,000 May 1 1939 $ foreign gov't (Concluded) 21,000 ^Jugoslavia (State Mtge Bk) 7s_1957 iLefpzig (City) external s f g 7s._ 1947 a Lower Austria (Prov) 7%s 1950 100.000 iMedellin (Colombia) 6%s 1954 21,000 Mendoza (Prov) 4s readj 1954 iMexican Irrigation 4%s gtd 1943 "7", 060 *4%s stamped assented 1943 3.000 iMexico (U S) extern 5s 1899 £.1945 22,000 a Assenting 5s of 1899 .1945 a Assenting 5s 7,000 large a Assenting 5s small 39,000 11,000 14,000 IN Jan. 3 N. Y. STOCK EXCHANGE "5", 660 PRICES Price BONDS May Value 31 38 48 47% 39% May "27% 59 Mar. 11 Mar. 13 Jan. 24 6% Jan. 3 14% Mar. 11 17% Jan. 5 32 20% Jan. 31 22% Feb. 21 18 Apr. 15 Mar. 11 Mar. 10 25% May 15 25 May 11 28 15% Apr. 25% Apr. 18 Apr. 25% Apr. 94 Apr. 49% Jan. 37% Apr. 50% Jan. Jan. 25% Jan. 10 7 33 Jan. 9 28 Jan. 27 29 Feb. 25 Feb. 15 103 54% Mar. 17 49 Jan. 3 2 58 Feb. Jan. 48 May 12 42% Jan. 49 Mar. 43 40 Jan. 45% Feb. 2 27 43% May 31 37 Jan. 17 43% May 31 May 2 38% May 9 41 May 2 35% May 15 41 May 26 41% May 26 41 May 2 37% May 29 36 Jan. 16 43 Mar. 3 35 Feb. 20 42% Mar. 6 30 45 15 37% May 29 17% May 25 27% May 9 21 May 2 56 May 23 17% May 25 30% May 22 24% May 17 60 May 5 37% Jan. 35% May 37% Apr. 14% Feb. 22 Apr. 16% Apr. 54% Apr. 4 37 51 ----- 29 25% 56 M 52 40% 56% 7% Jan. 7 9 Mar. 17 11 9 51 12 34 Jan. 5 8 17 31 Jan. 11 60 May 67 Mar. 11 Jan. 19 Jan. 20 Mar. 11 18% Mar. 2 5 railroad and industrial companies AAbitibi Pow & Paper 1st 5s__1953 J D 1948 M S 2,000 Adams Express coll tr g 4s Collateral trust 4s of 1907 1947 J D 1,000 4Mb stamped 1946 F 31,000 71,000 1,000 Adriatic Elec Co external 7s 1,000 Ala Gt Sou 1st cons 5s ser A First cons 1950 1998 1942 1950 s A A M S 3 Ms debentures 433,000 3 Ms debentures 395,000 Am Type Found s f debs 2M-5s 20,000 56,000 Amer Water Wks & El 6s ser A_ 82 70 M 60 38M 45% 103% 72 Sale 50 Sale ~25M 48% 105% O 97 Sale 93 A 93 Sale 88 Sale 40 110 1955 M S 2030 M S 1953 J D f deb 5s see page 75 A 1949 MN 182,000 American I G Chemical 5 Ms J 57,000 Amer Internat Corp conv 5%s__1949 J American Telephone & Telegraph— 20-year sinking fund 5%s 516,000 1943 MJV For footnotes, 77 1951 F 530,000 Amer & Foreign Power deb 5s 1,000 American Ice 105% 35% 35 M 40 79 M 70 -1952 M S 6,000 AAlpine Montan Steel 7s.. 30. 1961 A . O 1966 J _ . 108"" 72% Collateral and convertible 5s_ .1949 J ACollateral & convertible 5s__1950 A a5s stamped1,000 Allegh & West 1st g guar 4s 16,000 Allegh Valley gen gu 4s 7,000 Allied Stores Corp deb 4Ms 4Mb debentures 40,000 293,000 Albs-Chalmers Mfg conv 4s 105 70 D J 1950 J 1975 MN 50% 104M 35 Albany & Susq 1st guar 3 Ms 1946 A 157,000 Allegheny Corp coll tr conv 5s__1944 F l~7~l",666 105 50 1948 "1Y666 189,000 Sale 42% May 50% 102% May 102% 101% 100% May 100% Sale 105 107% Sale May 107% 66 52 53 60 53 May 108 108 107% May 105% 106% Sale 105% May 4H06% 42 35 May 13 38 W* 40 45 45 36% 78 Sale 75 May 15 76% Sale Sale 70% May 1 78% 64 68 K Sale 61 May 2 68% 32 34% Sale 28% Sale 25% May 1 28% 70 55 52 49% May 29 52 105 105% 106 107 May 4 107 99 93 93 95 95 May 6 89 91 Sale 88% May 2 91 Sale 109% Sale 109% May 31 111% 35 35 30 31% May 9 30% Sale 53 63% Sale May 1 64% 102M 103 103% 102% May 4 102% Sale 103 Sale 102% May 1 103% 101M 103% Sale May 2 103% 103 105M 103% 104 34,000 8,000 Albany Perforated Wrap Pap 6s .1948 A 6s with warrants assented Sale "99" 104% 60 1952 A 1943 J 1943 J 4s series B 42 % 103 3:4 104 103 M 109% 37 M M 27 101 iya 53 102 Sale 53 M 101 % 102 Sale 102 M 102 M Sale 100 Sale Sale Sale 11117as Sale 111% Sale 105 M 105 M 108 Sale 110 Sale 108 Sale 109% Sale 109M 115 Sale 104 100M 104 Sale 105 100% 106% Sale 111% 100 % lll 1332May 16 112 107% May 11110% 107% May 1(110% 104 May 11 106 100% May 1|107 May May May May May May May May 31 24 19 31 26 13 31 18 May 31 May 31 May 31 42% May 101 Feb. 104 100 Apr. 104 100% Feb. 49% Apr. 107 Jan. 104 Jan. 32% Mar. 32 Apr. 107% May 66% Feb. 108% Mar. 106% May 38 May 39% Feb. 31 20 30 31 18 27 25 29 27 13 31 11 10 31 4 29 29 May May May May May 20 23 22 20 22 Jan. 80 68 57 Apr. Apr. 38 May May May May May May May May May May May 72 Feb. 85% 75% 48% 41% Mar. 9 Mar. 9 60 Mar. 8 22% Apr. 49% Apr. 103% Jan. 93 Apr. 88% May 106% Apr. 30 Apr. 48% Jan. 102 Jan. 100% Apr. 98% Apr. Mar. 25 Mar. 10 Mar. 9 107 May 27 100 Jan. 112 40 Mar. 9 Jan. 5 64% May 31 102% Jan. 24 4 103% Mar. 104% Jan. 13 1 1 1 1332 May 16 112% Jan. 10.5% 105% 102% 99% Jan. Jan. Apr. Apr. 8 94% Mar. 13 5 110% May 27 110% May 12 111% Jan. Feb. 18 107 12 23 23 13 18 EXCHANGE—BONDS N. Y. STOCK 22 Sales in Jan. 3 N. Y. STOCK Value £&« EXCHANGE 1939 $ deb 4 %s.l950 Anglo-Chilean Nitrate— 315,000 Anaconda Cop Mln s f ^Sinking fund income deb 1967 46,000 July 1995 10,000 JAnn Arbor 1st g 4s 32,000 Ark & Memp Bdge & Term 1st 5s '64 360,000 Armour & Co 4s 8 f ser B (Del)-.1955 1st M s f 4s ser C (Del) 1957 216,000 Atcbinson Topeka & Santa Fe— A 105 H Sale Jan J Q ARef & gen 5s series D ACertificates of deposit. A J A O 107 H 89 89M 69 35 Sale 32 % 55 % Sale gtd g 69,000 95,000 180,000 59,000 21,000 153,000 O 951 959 955 117% Sale 129 M Sale 956 960 966 952 944 967 955 27% 27 M 106% 101M O 100 M D 106 M 28% M S 28M MN 27 M A O O 48 J MN MN MN J F A MN 957 MN 981 F 967 J A D 957 MN 934 A O 50 Sale "86" 106% Sale 103 M Sale 75 94 111% 109 M 28M 26 5% «??* Sale Sale Sale 8 Sale Sale 52 Sale 92 M Sale 95 M Sale 115M 115M 957 J 969 July Oct 969 970 114M 118M J A 951 M S J J 946 946 J M S 944 J 5s equip trust ctfs. Collateral trust g 5s J 118% 117M Sale 114% Sale 122 M Sale 80 Sale 98 Sale 112 Sale 98% Sale 91M Sale 954 trust Sale 115 F J Sale lil'M F 955 J 960 949 952 950 MN 60 42 M 105M 106 M 90 88 M 55 981 J 947 F D 948 J 945 F D 14 A 39 31% 12 M Sale A 945 MN 959 A O 959 A 951 J AChat Div our money g 4s AMacon & Nor Div 1st g 5s 946 J AMiddle Ga & Atl Div pur m 5s '47 J 1.000 AMobile Div 1st g 5s " 946 J Central Foundry 1st 941 M "i~66o mtge 6s... Central mtge 5s___ 941 M 1,000 Cent Hudson G <fe E 1st & ref 3% .'65 M S 5,000 Cent 111 Elec & Gas 1st 5s 951 F A 173,000 Central Illinois Light 3 Ms 966 57,660 t ACentral New Eng 1st guar 4s_. ACentral of N J gen g 5s. AGeneral 4s 36,000 Central N Y Power 3 Ms 57,000 Cent Pac 1st ref guar g 4s 333,000 Through St L 1st gu g 4s 6,000 ~88M 6 5M 10 18M Sale 6% 14 11M ~~5% 6M 103 72 109 % 103 M 987 il" 80 Sale" 110 Sale Sale Sale 106% 74% 949 Sale Sale Sale Sale Sale 104 28 5M 60 108% 77 33 M 31 32 H 30 M Sale 116% May 131% May 24 27 Sale 33% 31% 38 M 40 Sale Sale Il"l"% Sale 83 Sale 99 110% 110 5 6% 5% 60 M 35 M Sale 36 70 Sale 49 Sale 52 Sale 97 % 89 H Sale 99% Sale Sale 92 116 93% Sale 114 114M 1139-6 114M 115% Sale 119% Sale 117% Sale 117M 118M 119% Sale 116M 116M 117% Sale 116% 114M 114M 116 115 Sale 115% 113 Sale 123% Sale 122 75% Sale 71M Sale 93 113 M 91M Sale 45 107 M 87 % Sale 42 M 45 84 "l"2"M 15 31 M 63 3 7 51 109M 104 M 111M 25 M 16 7 M 4 4 9 9M 4 7 M 44 Mar. 11 10 37% Mar. 52 Jan. 102% Apr. 25 62 65 % Apr. Apr. 20 13 May May 31 12 17 17 7 30 62% May 31 63% May 29 63% May 31 24 24 10 10 23% Mar 14 24% Mar. 10 24% Mar. 10 24 26 26 "28"" Sale 23% Feb. 28 24 23% Feb. 28 26 23% 23% 14% 14% 55% Feb. 28 10 11 14 3 Sale "76% 46% 51 58 115 Sale 74% 72% 101 Sale 101 101 Jan. 28 5 Mar. 16 Feb. 24 52% May 25 9 44% Mar. 14 44 Mar. 4 52 Mar. 3 34% Feb. Jan. Apr. 78 Apr. 25 108% Jan. 18 98% Jan. 80 Apr. 26 101% Jan. 38 9 4 10 3 10 Jan. 26 105 Apr. 27% 107% 105% 102% May May May May 16 31 11 29 34% May 10 34 May 10 24 Jan. 25 Jan. 31% May 29 7 May 29 23 Jan. 62% May 25 110% May 31 80 % May 8 40 May 11 89% May 26 111% May 23 112 May 26 95 May 13 104 May 25 May May 26 112% May 2 May 37% May 31 36 May 31 6% May 15 35% May 48% May 97% May 52 99% 92 89% May 1163% 114% May 113% May 116% 119% 120 118 116 115% 124 76% 94 113% 93% 85% 45' 107 92 43 88 12% 31% 7% 4 3% May May May May May May May May May May May May May May May May May May May May May May May May May May May 20 %j 103 % 104% Mar. 9 Mar. 6 8 Mar. 64 Jan. 68 Apr. Jan. 45 Mar. Feb. 40 Feb. 80% Jan. 106% .Tan. 103% Jan. 72% Jan. 92 Mar. 93 110 26% 113% Apr. Jan. 5% Jan. Anr. 19 31 11 31 23 27 29 26 24 25 25 31 47 Anr. 92 Jan. 89% May 1133% Anr. 113% May May 27 May 29 May 23 May 8 May 25 May 29 18 2 20 18 17 8 2 109% May 2 68% May 10 68 May 31 23 17 47% May 11 a52% May 12 a52 % May 12 May 1 115 May 1 115 75% May 11 71 May 3 101 101 May May 1 103% May 31 3 102% May 11 3 25 25 40% Mar. 9 40 Mar. 8 10 Feb. 28 8% Feb. 28 Mar. 6 Jan. 3 55 Mar. 11 99% Mar. 27 96% Jan. 10 116% Mar. 14 75 41 116%Mar. Tan. 120 117% Apr. 116% Anr. 120 117% May 104 May 25% Jan. 1 16 1113% May 23 112 May 26 95 May 13 Jan. Apr. 4 19 9 24 3 13 31 1 82% Mar. 35 8 Mar. 9 May 29 65 Apr. 90 Apr. 118% Mar. 3 116% Mar. 15 115%Mar. 16 124 Feb. 7 82% Jan. 21 100% Jan. 23 112 Apr. 114% Anr. 114 May 1123% May 121% Anr. Fqb. 20 40 Feb. 100% Jan. 20 94% Mar. 9 45 May 29 105 Jan. 1078% Feb. 9 85 43 Anr. 92 Jan. 18 May 52 82 Anr. Feb. 27 Mar. 16 89 81%. May 12% May 31% Apr. 6% Anr. 3 Anr. Apr. 7% Feb. 2% May 3 Apr. Apr. 26% May 15% May 13% May 17% 109% 108% May Sale 65 May Sale 65% May Sale 40% May Sale Sale Mar. 15 5 2 Apr. 31 29 29 6 10 2 11 29 31 35 11 2 7 16 Mar. Feb. 95 30 ,103% Sale 107% 39% 40% 37% 10% 5 16 110% May 5% May 47 10 2% May 16 4 May 24 3 105 Sale 27% May 8 108% Feb. 1053^ May 102% May 18 107% Jan. 5 38 103% May 55 3 133% May 1003% Apr. 96% Apr. 106% Jan. 67 52 Sale Mar. 17 26 119 21 52 68 70 Sale Mar. 10 Feb. 110 15% Mar. 10 26% Jan. May 27 104% 111% 29% 18% Mar. 13 25 102 26 28 109% lio" 109% May 26 Sale 1 Mar. 72 28 102 7% 52" 63 9 Mar. 14 8 106% May 26 Mar. 8 11 25 Jan. 33 31 31 91 19 12M 108M 108M 70 12 27 117% May 118 May 116% May 114 May 112% May 121 % May 70% May Sale 92% May 94 113 113% 112% May 89% May 93% Sale 81 % May 85% Sale 50 40% May 45 106 May 107% 106 94 87% May 87 43 51 May 82% May "86% Sale 12 14 12% May 38 31% May 6% May 8% "~7% 3% May 3% Sale 3% May 3% Sale 5 7% 15 2% May 16 3% 4 5 May 24 3% 100 115 33% Jan. 26% Apr. 31 31 5% 6 12 3 29 26 Jan. 32 Sale 60% 9 Jan. 19 May 17 May 17 5% May 15 Sale 36 6M 3% 3% 4% 2% Mar. 10 72 109% 36 81 M 79 21% Jan. 106% May 34 6M 8M 8 24 Jan. 84% May 108% May 32% 70 Mar. 16 89% Mar. 71% Mar. 40 30 M 31 97 17 10 95 29 107 94% May 27 1 28 76% May 37 May Sale 109 93 112M 113 109M 90 M 24 25 28 108% May Sale 103% Sale 113 22 111% May 31 6 1103% Mar. 17 20% Jan. 60 111% 111 Mar. 17 27% May 4 27 % May 23 23% May 25 3 5 1 May 15 Sale 85 Sale Sale 91 M 96 10 103% May 31 10 102% May 18 Mar. 8 14 111 , 116% Apr. 129% Jan. 5% May May 7 99 5M 23 1 117% May 31 6 133% May 18 30% May 31 May 28 May 64 83 4 M 20 97% May 25 98% Mar. 13 Apr. May May May May. May May May May 21% May 13% May 12% May 53% May 52% May 44% May 41% May 52 May 104 May 90 May 90 May 106% May 102% May 98 May Sale 6M 7M 55 106M 27% May 24% May 22 % May 30 Sale 60 62 M Sale 110M 77 Sale 40 83 M 108 M 6 Mar. 15 55 107 M Sale 39% 50 Sale Sale 28 27 35 Sale 104 100 99 M 103 M Sale Sale 30 3 May 95 47 M 101M 54 115M 86 Sale 60 79% Sale Sale 45 M 948 M S Sale 107 M 105 Sale 950 M S 950 M S Sale Sale 960 : Sale Sale Sale 115 Sale 27 99 67 M 941 MN Sale 102M 98 % 107 M 30 % 60 M MN| 62% 63% 63% 21% 21% 22% 22% 21% 21% 21% 17% May 19% May 19 May ISM May ISM May ISM May ISM May 10 M May 10% May 49 May 48 May May 36 May 35 44 May May 102 82 May 85^ May 106 M 954 Central RR and Banking of Ga5s extended to May 1. 1942-. 1,000 Central Steel 1st sink fund 8s._._ 30,000 Certain-teed Prod s f g 5Ms A.. Sale 27 M 23 Ill 99 987 62 106% ISM May 27 M 89 M If 961 962 Guaranteed 5s Sale Sale 956 30. Sale 7 962 A Ms June 15 gold 4Ms Guaranteed gold 4%s Canadian Northern guar 6 Ms Canadian Pac 4% deb stock Collateral trust gold 4 Ms. For footnotes see page Sale 70 Guar gold 4 (1938 issue) Sale 41 Guaranteed S f deb 4 Ms Sale 960 A 966 A Consolidated 5s 1,000 fACent of Ga Ry 1st g 5s..Nov AConsol gold 5s 42,000 ARef & gen 5Ms series B__ 23,000 ARef & gen 5s series C 57,000 6,000 17,000 29 % Sale 35 82 M Sale Mar. 94 27 103 ~30" 29 952 A 955 J _ Co 1st 4s Champion Paper & Fibre—: S f deb 4 Ms (1935 issue) Sale 108M 73 M Sale 35 38M J 58% 68% 58% 41% 33% 54 M May 117 M 133 Sale Sale A J 947 MN 950 J D ACent Br Un Pac 1st g 4s 2,000 65,000 Il6% "22 M J F 30~ 81 54 M May 8 110 26 1 90 J32M 102 M 26 M 28 O Sale Sale 90 O _ 459,000 Sale Sale 85 ACertificates of deposit Collateral Sale A 4%S-__ 67,000 5,000 t ACarolina Central 1st gu g 4s. Caro Clinch & Ohio 6s ser A 25,000 Carriers & Gen Corp deb 5s w w. 8,000 2,000 Carthage & Adir 1st gu g 4s Celotex Corp deb 4 Ms w w 33,000 65,000 Sale J Bush Term Bldgs 1st 5s gu 18,000 285,000 Calif-Oregon Power 4s_ Canada Sou con gu 5s ser A 57.000 189,000 11 107 % D 1st lien & ref 6s series A. 227,000 Debentures gold 5s 656,000 Is* lien & ref. 5s series B 613,000 Buffalo Gen Elec 4 Ms ser B 27,000 Buffalo Niagara Elec 3 Ms ser C_ 66", 000 ABuff Roch & Pitts cons 4Ms 77,000 Sale 20 Sale Sale 37 M _ 53.000 12 10% Sale 53 M 49M 46 % 52 M 50 46 M 43 M 36M Sale 41H 36M Sale 52 44 M 42 103 M 103 M 102 82 M 91 82 87 85 M 83 30 47 M 30 "19" Sale J A Guaranteed g 5s Guaranteed g 5s. Sale Sale Sale O 943 II. Canadian Nat gold 4%s Gu iranteed gold 5s_ 21M 21M 12M 18M 19M 16M 18M 18 M 989 129,000 961 63,000 1st g 4%s series JJ '55 25,000 t ABoston & NY Air Line 1st gu 4s 941 13,000 Brooklyn City RR 1st 5s 966 172,000 Bklyn Edison cons mtge 3 Ms 649.000 Bklyn Manhattan Transit 4%s_ 966 941 27,000 Bklyn Queens Co & Sub gtd 5s. 941 1st 5s stamped 950 122", 000 Brooklyn Union El 1st 5s 945 190,000 Brooklyn Union Gas Co 1st g 5s Bush Terminal Sale Sale Sale 18M Sale 18% Sale 45 A Sale 21M 21M 20 17% Sale 20 M 19 18M §i* 96% 100 M May 22 Sale Sale 94% 98 30 Jan. 2 100 48% Jan. 31 49 Jan. 29 47% Jan. 31 16% Jan. 27 16% Apr. 31 18 % Jan. 31 17% Apr. 29 16 Jan. 31 16% Jan. 31 16% Jan. 31 16 Apr. 31 10 Apr. 21 9% Apr. 31 44% Jan. 31 43 Jan. 25 110 54 M May 19M 20 M Sale May 111% 60 Sale Sale 18% 18M Sale 22 101 90 60 61M 63 M 63 M 21M 21 M 22 M Sale 55 M it* 61 Sale May May May 109M May May 110 94 % May 95 M May 10M May May 54 64 M May 55 M May 39M May May 32 56 M May 104M May 21 May 100 M 102 55 M 20 % Sale 45 60 100 M 102 45 Sale 3 Ms 1,000 *jABur] Ced Rap & Nor 1st 5s. ACertificates of deposit 106 104M Sale 20 22 % 16M 102 960 56 M 20 M Sale 40 951 Sale Sale 100 Boston & Maine 1st 5s ser AC.. 1st mortgage 5s series 33 M 56 Sale "98% Alst 6Ms 9,000 191,000 Bethlehem Steel 4%s series D__ Cons mtge 3%s series E 512,000 3 Ms s f conv debs 576,000 Big Sandy Ry 1st mtge 4s 77,000 152,000 77,000 102 J 948 64 M 106M 22% 40 56 % 19 J 60 M 57 M 56 J Berlin Elec Elev & Undgrd Rys- 84,000 22 % 75M 101 33 Sale Sale 37 51 104 16M 81M 58 M 68 M 58 M 41M 84 M Sale 56% Sale 31 "95" 96 Vs 67% 78 71 J ABerlin City Electric deb 6%s_. ADeb sinking fund 6%s 15,000 ADebentures 6s 20,000 . 56 D 14", 000 61,000 Sale 69 76 Sale 94% 97% 98% 111 96 M 1 9 28 105% Apr. 86% Jan. 6 15 87% Jan. Mar. 91 25 26 91% Feb. 89 Jan. 25 99 Apr. 31 98% Jan. 18 Apr. 19 108 Apr. 31 107 Jan. 29 110 85 Mar. 27 89% Jan. 9 76% May 29 54 May 31 64% May 31 94 100 93 99% Mar. 99% Mar. May May May May May May May May May May May May May May May May May May May May May May 110 110 97 M 1 96% May Apr. 11 42 96 May 29 103% 102% Sate 26 31 99 101 92 M 951 First & ref 5s series C 254",000 99 llH 99 M May 110M 111 M 109M Sale 112M 1 2 103 M 98 M 103 110 95M 76 M 95 Sale 101 M Sale 98 M 103 "93% 99 97M 92 95 107 j""«7 951 "95"" 89 86 950 cons 98 108 ASo'western Div 1st mtge 5s.. Belvidere Del Sale 95M 110 941 MN 14,000 48,000 Bangor & Aroostook RR 1st g 5s Con ref mtge gold 4s 11,000 4s stamped 20,000 Battle Creek & Sturgis gu 3s Beech Creek Exten 1st g 3 Ms 131,000 Bell Telephone of Pa 1st 5s B 94 M 116" 960 FA 959 943 92 108 996 MS ACertificates of deposit 87 Sale __ Toledo Cinn Div ref 4s A Sale 92 M 94 M 96 M May 97 M May 2 96 Mar. 13 Mar. 10 Feb. 7 19 Apr. 18 30% Jan. 26 92% Apr. 19 25 M May 12 37 May 17 May May 107 92 M May May 90 May 97 94 M May May 90 Sale 95 95 Sale 94 90 M Sale M 110 Sale 100% 98M 108 M P L E & W Ya Sys ref 4s Certificates of deposit-..._ 99 99 36 Sale Prices 104% Apr. 20 106% May 31 1 106 M May 31 May 8 May 17 May 24 22 25 39M 96 M Sale 95 Sale 87 M 94 72 M 107 90 M Sale 91 % AConvertible 4 %s.. ACertificates of deposit 64,000 Sale 92 % ARef & gen 5s series F ACertificates of deposit 56,000 Sale 98% Sale 2000 MS _ 38 % 94 96 97 Sale 97 M 97 M May Highest Sale Prices Sale Price Sale Prices 105 Sale 23 M 36 22 20 97 98" F 106 M Sale 36 M S J Gen g 4s 1995 507,000 Nov Adjustment g 4s. July 1 1995 17,000 MN Stamped 4s July 1 1995 149,000 J D Conv g 4s of 1909 1955 3,000 D Conv g 4s of 1905 1955 22,000 D Conv g 4s of 1910 —1960 1,000 D Conv deb gold 4%s 1948 385,000 J Rocky Mtn div 1st 4s A_ 1965 25,000 J J Trans-Cont Short Line 1st 4s gl958 32,000 M S Cal-Ariz 1st & ref 4 %s ser A. .1962 540,000 Atl Knox & No 1st g 5s_. 1946 J D 3,000 J J 2,000 Atl & Char Air Line 1st 4%s A. .1944 J J 1st 30-year 5s ser B 1944 17,000 M S July 1952 65,000 Atl Coast L 1st cons 4s J D General unified 4 %s series A_ .1964 117,000 MN 10-year coll trust 5s.„_May 1 1945 79,000 L & N collat gold 4s Oct., 1952 MN 40,000 1948 J J 61.000 Atlantic & Danville 1st g 4s Second 4s 1948 J J 19,000 J J 48,000 Atl Gulf & WI SS Line coll tr 5s. 1959 Atlantic Refining deb 3s 1953 M S 90,000 J J 5,000 t* a Auburn Auto conv deb 4%s_1939 Austin & N W 1st g 5s guar. 1941 J J MN 2o",666 Baldwin Loco Works 5s stpd.._1940 A O 621,000 Bait & Ohio 1st mtge g 4s_July 1948 A O Alst mtgo g 5s —July 1948 481,000 ACertificates of deposit 60,000 ARef & gen 5s series A 1995 J D 195,000 ACertificates of deposit 138,000 ARef & gen 6s series C 1995 t~d 124,000 ACertificates of deposit 138,000 68,000 30,000 84,000 44,000 532,000 212,000 29,000 51,000 93,000 105 M Sale 25 M 30 O Ask Ask Bid Lowest Highest Lowest May 31 May 1 Bid JAN. 1 RANOE SINCE IN MAY PRICES Price 11 BONDS May Apr. Apr. 109% Jan. 42 102 M Anr. 110% Mar. 24 Anr. 15% May 13 M May 107 Jan. 64% Apr. 64 Anr. 40 3% May 52 Feb. 115 Jan. 70 Apr. 1003% Apr. 100% Jan. 97 19% Jan. Feb. 12% .Tan. 6% Jan. 6% Jan. 32 18 10 3 6 7 5 2% May 16 5% Jan. 26 8 Jan. 16 10 Jan. 107 Jan. Jan. 75 5 4 111% Mar. 10 105 May 13 111% Apr. 21 39% Jan. 3 6 1 15 77% Mar. 10 72% Mar. 9 63% Mar. 11 28 Mar. 24 Feb. 110 Jan. 55 Mar. 3 14 11 115% Feb. 27 86 Mar. 11 11 21 103% May 31 11 102% May 11 June, 1939] n. y. stock Sales in BONDS h. y. stock exchange 4s_-—--1989 2d con gold 4s ____._1989 Warm Springs Valley 1st g 5s _ 1941 117,000 AChic & Alt rr ref g 3s 1949 213,000 Chic Burl & q 111 Div 334s 1949 138,000 294,000 37,000 128,000 1,000 312,000 26,000 4,000 248,000 con g General 4s adj 5s Jan 1 2000 40,000 j AChic & No West gen 334s 1987 55,000 AGeneral 4s --------— 2,000 AStpd non payt Fed inc tax. 1987 10,000 92,000 1,000 7,000 71,000 114,000 83,000 456,000 AConv 13m j 98 m 103 m 99 F Alst & ref g 5s Mn 22 m 21 h Sale Mn 80 m 24 90 Sale 13 m 15 Sale m s a o mjv m N m N in54 26 m 24m 28 28 27 m 11m it* it* it* 22m 14 d d d m N Sale Sale 69 m Sale" Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 19 Sale 11m 10 m 10 m 5m Sale Sale Sale Sale 48 Sale 47 Sale Sale Sale 16 m q j d 2 ,000 Memphis Div 1st 4s__----—1951 j 26,000 Chic t h & s'east 1st & ref 5s -i960 j Income guar 5s 31,000 Dec 1 i960 d d g 8m 7m 8m 8 4 74 63 m 60 56 m 45 Ask Bid 109 106 12 10m 1034 9 Sale 78 9 13 9 13 8 3 34 334 334 3 34 3m 5m 63 m 64 63 m 11134 113 11134 2434 1934 Sale Sale 18 22 m 19 m 24 25 24 m 1934 2034 25 2334 1934 Sale 7 734 234 Sale 234 19 10m 11m 11 Sale 1234 12 1034 Sale 9% 12m 1154 13 34 1034 1334 8 11m 16m 12 12m 1334 634 734 734 634 Sale 734 634 Sale 7m 334 Sale 3m 4434 1134 1944 Guaranteed 4s— 44 57 104 m a Sale Sale 49 m Terminal— 1st mtge guar 3 ms series d---1971 2 1st mtge guar 3 ms ser e -----1969 f Clearfield & Mahon 1st gtd g 5s. 1943 j 54,000 c c c & St l gen g 4s 1993 j General 5s series b 206,666 2,000 28,000 107 m 554 534 434 234 70 45 65 j 60 Sale ----1991 4s-1990 j 55 76 / 81 57 m 6234 6 534 254 77 m 62 m 62 1942 1948 19o0 Series a gu 434s.. Series c gu 3 ms Series d gu 3Ms-.-- A5s income mtge..----1970 12,000 202,000 Colorado & Southern 4 Ms ser a. 1980 518,000 Columbia Gas & Elec deb 5s--_-1952 Debenture 5s Apr 15 1952 76,000 Debenture 5s __.Jan 15 1961 627,000 12,000 Columbia & Hock Val 1st ext g 4s 48 "88" 1942 11st mtge g 4s series f T1st mtge 3 ms series h 1st mtge 3 ms series 1 Conv deb 334s 1981 1965 1968 96 107m 109m j a j f 59,000 57,000 1st lien & unif mtge 3 1st lien & unif mtge 3 24,000 1st 68,000 198,000 1st „ ms ms mtge 3 Ms mtge 3 ms 1st mtge 334s- For footnotes, — - see page 30. „ 2 16m 15 Sale Sale 8 Sale 57 Sale 5m Sale 534 Sale 84 9954 2 87 25 94 10 100 1 1734 16 1 31 8634 2034 1 May May May May May May May May May May May 11234 2434 2234 2534 2454 25 734 i?* 13 12 1034 May 1034 May 11 May 11 May 12 May 654 May 634 May 634 May 334 May 1234 1334 11 1334 734 8 734 354 May 19 May 1 May 9 May 1 May 1 May 2 May 16 May 19 May 3 55 Sale 54 52 m May 31 May 18 4554 May 5 108 110 Sale 42 3 8654 Mar. 10 4 2454 Jan. 31 5134 13 34 1134 654 534 6 534 234 7134 May May May May May May May May May May May May May May May May May May May May May May May May May May May May 2 9 4 10 31 31 31 31 27 9 1 16 27 27 10 31 27 8 31 31 26 1 3 13 9 25 25 3 16 1 3 55 May 31 6034 May 31 51 May 29 5 10534 May 25 4 10854 May 12 1 109 May 31 3 10634 May 29 9034 May 29 9134 May 31 7334 May 31 1234 May 26 4 11054 May 31 22 15 22 26 Sale 90 83 87 49 50 5034 64 109 May 1 10934 May 12 May 31 10934 May 27 75 67 Sale May 3 4654 May 22 May 22 May 8 9934 May 31 58 69 65 Sale 99 m 67 May 4 52 May 9 58 May 22 6734 May 15 9934 May 31 Sale Apr. 25 17 Feb. Jan. Apr. 3 May 6354 Apr. 29 P'eb. 14 1934 Apr. 18 May Apr. Apr. Apr. Apr. 2 Apr. 954 May 1054 Apr. 10 Apr. 10 Apr. 1034 Apr. 11 Apr. 12 May 534 Apr. 534 Apr. 534 Apr. 334 Apr. 20 Ill 1834 1934 1954 634 12 19 9354 106M 10834 10734 May 29 109 107 m 10834 10634 10734 107 1354 Jan. 1 11 12 11 8 16 29 4 12 1 6 23 15 Jan. 3 hi6 Jan. 12 554 Jan. 3 Jan. 4 9 2 11 Jan. 6 75 Mar. 11234 May 10 if* 29 29 ?!* it* it* it* Jan. 5 Feb. 28 Mar. 14 Mar. 11 Jan. 5 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 20 11 Apr. 20 2 20 Jan. 4 8 1234 Jan. 4 11 11 Jan. 5 6 11 Jan. 4 554 Jan. 4 10 45 Apr. 11 11 Apr. 8 1034 Apr. 13 5 Apr. 8 434 Apr. 14 5 Apr. 8 4 Apr. 8 57 Jan. 11 1834 Jan. 1634 Jan. 4 10 Jan. 4 854 Jan. 954 Jan. 5 8 9 9 Jan. 5 234 May 19 70 Apr. 17 5 8334 Mar. 10 Jan. 65 55 May 31 Apr. 11 49 16 4 34 Jan. Jan. 16 63 34 Feb. 17 6034 Mar. 22 51 May 29 43 Jan. 104 107 Jan. 107 Jan. 10954 Feb. 17 109 May 31 10634 May 29 26 10534 Jan. 10054 Jan. 8654 May 88 97 Jan. Apr. 1234 May 10834 Mar. 11034 Jan. 10034 Jan. 109 Mar, 13 9634 Mar. 15 64 106 Mar. 15 79 Feb. 9 15 Feb. 10 11054 May 31 11134 Jan. 24 103 Apr. May Feb. 10 10934 May 12 10934 May 27 Mar. 63 Mar. 8 6354 Apr. 77 Jan. 4 85 Mar. 10 Jan. 465-4 May 63J4 Mar. 11 58 May 22 56 34 Jan. Feb. 70 9934 May 31 Jan. 90 2 107 34 May 10654 Feb. 108 May Feb. May 9 105 Feb. 8234 May 88 May 7934 May 7354 May 15 11 22 25 10334 May 52 May 3634 May 102 54 May 10254 May 10254 May 11334 May 113 May 10954 May 10534 May 10254 May 2 9 106 8 Jan. May 10834 106 Mar. 96 90 88 10834 954 934 1134 3 34 21 77 69 9954 1 1254 May 8134 Jan. 26 1534 Apr. 11 63 66 65"" 93 m 17 65 Sale 98 Jan. 14 11734 Mar. 15 21 111 , Feb. 24 8 34 May 23 5 1454 Jan. 9754 Apr. 20 10034 Mar. 11 10034 Apr. 12 10354 Mar. 6 94 Apr. 18 100 Mar. 8 8534 Apr. 20 9454 Mar. 19 91 May 25 9934 Mar. 10 1 101 97 Feb. Apr. 3 1234 Apr. 10 2254 Jan. 3 75 55 80 Jan. 31 31 11 10 8 15 10 31 31 12-54 May 16 334 May 334 May 6534 May May 9m May 1034 May 5034 1134 1134 554 454 534 534 234 7134 10 4 10334 2 9754 2 6034 5034 6134 114 May 31 Mar. 10 Mar. 13 Jan. 24 11134 Mar. 13 10654 Feb. 24 28 108 Feb. 28 9 10734 Mar. 17 f 85 a 88 m 78 m a 74 a Sale Sale Sale 106 m 102M 103 60 m Sale f a jvftvt 43 34 Sale mn 94m Sale q 94 Sale j- j 0 93 109 Sale a a j £> m s 109 m 104 110 103 Sale 108 Sale Sale a 0 108 Sale d 108 Sale 109 m 9ale j 9834 109 m 109 q q j j j j 109m 10554 105 m Sale 105 m Sale 105 m Sale 106 m d j j o j j 22 103 m 13 34 24 m Sale 16 13 34 13 m 29 m 13 34 '20"" 50 87 Sale 8234 8734 85 Sale Sale 7854 Sale 73 Sale 7134 105 10334 i04 58 10534 " 10334 104 8234 May 15 86 May 17 7734 May 6 7034 May 3 103 34 109 10934" 10834 104 34 10234 Sale 105 Sale 105 May May May May May May May Sale 113 May 109 10834 May Sale 10434 May 10534 101% May 10634 Sale 10573i Sale 107 10934 107 54 10954 10454e Sale Sale 11054 Sale 112 34 Sale Sale 105782 May 26 106 H May 3 104% May 27 10734 May 4 10934 May 1 11154 May 23 10754 May 1 11254 May 31 10754 Sale 10334 May 50 54 33 36 Sale 101 10054 10034 50 "3454 102 34 10154 10154 Sale 102 34 112 34 113 34 113 10934 113 8934 11034 108M q 79 8734 7754 7034 111 109 j j " 1956 1960 Sale 67 104 a Wks of Upper Wuerttemberg 1st 7s— _-.-1956jr 408,000 Consolidated Oil conv deb 3m8-1951 j 24,000 tAConsolidated Ry deb 4s.-.--19d4j ADebentures 4s __j&j 1955j 3,000 ADebenture 4s a&o 1955 a ADebenture 4s 23 100 Sale Sale Prices Jan. 4 12554 Apr. 11 100 Jan. 3 9954 Mar. 16 105 j 3Ms debentures 1948 a 3Ms debentures 1956 a 3ms debentures.-1958 j 34,000 Consolidation Coal s f 5s Consumers Power co— 2 11534 May 22 1134 May 16 104m a AConsol Hydro-Elec 2".000 Sale 75 4134 6534 106 mn --1958 3ms (interest waived to and incl. May 15. 1939)-----------1953 j 1,151.000 Conn & Passum Rivs 1st g 4s-..1943 a Conn Ry & Lt 1st g 434s 1951 j 3,000 Stamped guar 4Ms----------1951 j 71,000 Conn River Power s f 3 ms a —1961 p 205.000 Consol Edison (n y) deb 3xs--1946 a 272,000 70,000 267,000 108 10734 Commonwealth 172,000 805,000 Sale Prices 11854 95 34 9554 10454 a 1.000 Columbus & Toledo 1st ext 4s._1955 f a 74,000 Columbus Ry Pow & Lt 4s ----1965 m ^ 101,000 Commercial Credit debt 334s-_1951 a q u2ms debentures. Edison co— 96 m s ' 301,000 186,000 100 Highest 10434 Feb. May May May May May May May May May May May 10434 10534 10534 105m 105 May 10734 108m 108m 10954 10734 May Sale 107 Sale 107 109 May 10254 103m 106m Sale 10254 May Sale 89 90 m Sale 8654 May 90 m Sale 91m Sale 8834 May 73 m Sale 7034 Sale 6934 May 10 14 m 1234 May 1034 14m 10834 10934 11054 Sale 10854 May 11134 11134 60 miv j 13 m 6034 77 1977 St Louis Div 1st coll trust g 15 Sale 1334 109 37 76 Sale 47 534 May 334 May 4 3 May 70 64 May 11234 11234 May Sale 19m May Sale 18 May Sale 20m May Sale 2034 May 2754 May 2,2 Sale 6m May 1034 634 Sale Sale 534 534 Sale 4 54 4934 5034 15 1234 a 1993 j — Ref & impt 434s series e Cin w &M Div 1st g 4s General 4Ms series a.-------1977 Gen & ref mtge 4Ms serie? b.1981 2,000 Clev Short Line 1st gu 4Ms----1961 107,000 Clev Union Term 1st gu oMs a.1972 1st s f g 5s series b guar 180,000 -1973 1st s f 4 Ms series o 81,000 Coal Riv Ry 1st gu 4s 4* 000 Colo Fuel & Iron Co gen s f 5s.-1943 227,000 Sale Sale 88 4,000 Spring & Col Div 1st g 4s 1940 w w Val Div 1st g 4s 1940 104,000 ci eve Elec Ilium 1st m 3 ms---1965 Clev & Pitts gen gu 434s ser b--1942 Series b gu 3 ms. 1942 2,000 105m 107 Sale 1963 j e 1963 j 105m Sale 334s guaranteed------------1901 m 101m Sale 88 m Sale Chicago & Western Indiana 4s_. 1952 j ^ 88 1st & ref mtge 434s ser d 89 1962 m s Childs Co deb 5s 1943 a q 78 m 75m tAChoc Okl & Gulf consol 5s-.1952mn 13 m l\x Cine Gas & Elec 1st mtge 3 ms.1966 p a 108 m 108m 1st mtge 3 34s 11034 11134 }967 j d Cin Leb & n 1st con gu g 4s 1942 m n 100 m 101m 29,000 Sale Prices 1134 1134 334 14 62 m 1st mtge 4s series d 1st mtge 354 s series Cincinnati Union 1 Lowest 109 Sale 11 Chicago Union Station— 26,000 27,000 205,000 75,000 113,000 91,000 166,000 4,000 63,000 Sale Prices Ask 11434 11534 117m 114m 108 10834 10954 10734 9 " 10m ~io"" Sale 834 Sale 98 99 m Sale 97 m 102 m Sale 102 103 34 Sale 9554 Sale 9734 Sale 9534 Sale Sale 86 87 8554 91 9154 9234 Sale 9254 96 m 100 10034 104m 100 Sale 17 13 1334 Sale 1234 Sale 15m Sale 12m Sale 86 m 84 84 Sale 20 1634 Sale 16m 8 44 m 18 m M s gold 434s series a1952 m g ACertificates of deposit .... 3,000 AConvertible gold 434s—*--19b0 72,000 1,000 Chic sl&no gold 5s — — ---1951 j d ---June 15 1951 10m 5m 5m Sale m N *ASec Gold 334s. Sale Sale __ " Sale 100 AChicago Rys 1st 5s stamped 8.000 Feb 1 1938 25% part paid-. 1927 f 157,000 j AChic r i & Pacific gen g 4s—.1988 j 2,000 ACertificates of deposit * 132,000 ARefunding gold 4s— 1934 a ACertificates of deposit 52,000 35,000 Sale 98 Alst & ref 434s ser AConv 109 m Sale o a Bid Highest 114 92 m 95 m ---^y 2037 stamped.May 2037 o. —-May 2037 4?4s series a -.1949 Alst & ref 434s RANGE SINCE JAN. Lowest 120j4 124 125m Sale 121m May 17 12554 May 31 98 m Sale 9954 Sale 9854 May 9954 May 9 9854 Sale 99m Sale 98m May 2 9954 May 10 109m 109m 109 a gen 454 s non-pay inc taxl987 m N AGen 5s stpd non pay inc tax. 1987 MN stamped. 1987 *Al5-year secured 634s----—1936 Sale Sale 104 a AStpd AGeneral 434» 105 M 1971 F *t AChic & e 111 1st cons g 6s--1934 t AChic & e 111 Ry g 5s 1951 ACertificates of deposit ---Chic & Erie 1st gold 5s 1982 t AChic Gt Western 1st 50-yr 4s .1959 96 95 J 1977 1st & ref 434s series b 1st & ref 5s series a 118m 111M 1949 j 1958 M Illinois Division 4s Ask 118 J 9,000 t AChic Indianap & Louisv rf g 6s 1947 ARefunding gold 5s ser b 1947 ARefunding 4s series c__ 1947 j J 4,000 Alst & general 5s series a-—1966 AfN 6,000 Alst & gen 6s series b—May 1966 j j 6,000 Chic Indiana & Sou 50-yr 4s... 1956 j 10,000 Chic l s & East 1st 4 ms --1969 d 122,000 t AChic Mil & St p gen g 4s ser a-1989 j 33,000 AGen g 3hs series b-.-May 1 1989 j 57,000 AGen 434s series c ---May 1 1989 j 24,000 AGen g 4 34 s series e — .May 1 1989 j 12,000 AGen 454s series f—May 1 1989 j 379,000 t AChic Mil St p & Pac mtg 5s ser a 75 a 546,000 IN MAY May 31 May 1 1939 Chesapeake & Ohio ry— General gold 434s 1992 M S Ref & impt mtge 334s ser d--1996 afn Ref & impt mtge 334s ser e--1996 f A Craig Valley 1st mtge g 5s 1940 j J Potts Creek Br 1st 4s 1946 j J r & a Div 1st ta Jan. 3 Bid 16,000 PRICES Price May Value 124,000 335,000 156,000 exchange—bonds 105 108 10854 10934 106 10634 10754 Sale 106 54 Sale 10634 Sale 1834 104 ... 11134 " 10854 25 Sale 108 4934 3334 Sale 10054 102 34 10134 Sale 10034 114 11234 Sale Sale 2134 ----- Sale 2.5 Sale 1034 7 10 54 7 10 6 1154 1034 50 6 7 1154 1034 7 4834 52 25 3 _ 2 113 May 31 98 10454 10754 Sale 10434 10634 10854 Sale 105 9 9 13 27 29 25 31 11 ----- 104 10 18 24 22 1 2 1 4 31 27 1 29 58 108 May 3 10734 May 20 103 J4 May 25 106 May 12 10534 May 25 10654 May 1 108 May 3 10934 May 10 107 May 6 108 May 9 10734 May 8 109 May 31 7934 Apr. 85 Apr. 8934 Mar. 11 9154 Mar. 13 75 85 Jan. 68 Apr. 10654 Jan. 10254 Jan. 48 Apr. 3334 May 9234 .Tan. 94 103 934 May 3 May 17. 50 9 34 May 53 3 May 25 Feb. 10234 10254 10254 11334 Feb. Mar. 10 May 13 May 27 Mar. 8 May 25 May 31 Jan. 113 Feb. 11054 Jan. Jan. 105 34 May 3 10334 Jan. 12 101% May 105732 May 26 10834 Feb. 101% May 27 11054 Mar. 27 11154 May 10534 Apr. 14 11234 May 107 34 Jan. 10434 Anr. 8934 Mar. 11054 Jan. 108 May 10734 May 10334 May 106 May 105 14 6534 Mar. 14 47 Jan. 113 25 15 10 23 31 May 31 8934 Mar. 16 11234 Feb. 18 109 Mar. 27 11034 Mar. 11 May 6 108 May 9 107 Jan. 108 Feb. 10534 Jan. 109 May 31 18 10334 May 3 10534 May 25 8 954 May May 16 8 10 934 May 5 May 13 104 Jan. 9254 10934 10934 10754 Mar. 11 7934 Mar. 13 7 10654 Jan. Apr. 10034 Apr. 8 May 9 Apr. 28 10 2234 Mar. 7 10 10534 May 25 16 1054 Mar. 8 22 1334 Jan. 9 9 34 May 3 4434 Feb. 21 12 Jan. 53 May 25 19 • 1965 1905 1967 1970 1966 m n 107m 10s 107 34 Sale m N 108 mn m N 108 m m N 104m Sale Sale Sale Sale 106 Sale 108 Sale 106 10834 108 10834 10854 10634 109 Sale 109 10934 Sale 106 May 31 111 May 11 May 1 10934 May 23 May 2 11034 May 23 11154 11154 10854 May 1 11154 May 22 10634 May 10854 Sale 1 10934 May 25 ..... 109 106 10634 10734 107 34 103 54 May Apr. Apr. Apr. Jan. 31 11 17 15 27 111 May 11 10934 May 23 11034 May 23 11154 May 22 10934 May 25 N. Y. STOCK 24 PRICES Price Sales in BONDS May N. Y. STOCK Value ■S'C D 104 100 J D 108% Sale J D 105 106 1951 1950 1942 1952 s M N J J Dayton Pr & Lt 1st & ref 3%s__1960 Del & Hud 1st & ref 4s 1943 Delaware Pr & Lt 1st M 4Mb—1971 1st & ref 4%s 1969 1st mtge gold 4%s 1969 Denver Gas & El 1st & ref 5s___1951 Stamped as to Pa tax . t* ADen & Rio Gr 1st cons g 4s..1936 *AConsol gold 4%s 1936 t ADenv & R Gr West gen 5s Aug 1955 a Assented (subject to plan) 48,000 ARef & imp mtge os ser B 1978 67,000 J ADes Moines & Ft D 1st gu g 4s 1935 Missabe & Iron 46 40 42 36 32 M 35 A O Sale 107 % 101 104% 105 M 166" J J 107 Sale 107 % 107 104 M 108 M Sale 106 M Sale 104 M 106 M 63 MN J J F 15% 14 % J J A Sale Sale 6 5% Sale 9 % Sale AO 3H 22 0 S 4M Sale Sale D 45 D J 105 M 16 M D 110% 0 1941 J J F A O 1965 A 99 % 90 134 H 138M 106 M Sale 95 M 41 43% 1942 M S 1942 M S Sale MN deposit Fort St U D Co 1st g 4%s. 1941 J J Francisco Sugar coll trust 6s____l956 MN Sale 9M Sale 14 Sale 9 Sale 42 M 41 Sale 35 23 Gas & Elec (Bergen Co) 5s 1949 30,000 Gen Amer Investors deb 5s ser A 1952 31,000 General Cable 1st s f g 5%s A—1947 1945 7 10,000 AGeneral Elec (German) 7s & 94 ~77% 100 M 95 1946 -1948 HlO-year debenture 3s 15-year debenture 3 %s Sale "99" 1 % 1st & gen s f g 6%s 1944 99 102 40 45 1st & refund 4Ms series A Gen mtge 5Ms series B Gen mtge 5s series C 59 000 Gen 4 Ms series D 47 000 Gen 4%s series E 147 000 Gen mtge 4s series G 467. 000 Gen mtge 4s series H 223 000 Gen mtge 3 Ms series 1 90 000 Green Bay & West deb ctfs A Alncome debenture ctfs B 10" 000 1, 000 Greenbrier Ry 1st gu g 4s_ 3 000 Gulf Mob & Nor 1st 5Ms ser 1st mtge gold 5s series C 9 000 123% 103 % 104 D 65 51 Sale MN 57% 59 48 50 106% 106% Sale 101 Sale 64 Sale Sale 103 100 54 M 11 J J A J 1952 J 1973 J 1976 J 1977 1946 1946 1967 J J J J Feb Feb 18 May 14 May 10 3 11% May 17 14% May 31 10 % 10 M Sale Sale 8 40 Sale 39 38M Sale 14 8J 4 37 May 17 May 17 May 10 May 11 11 May 10% May May 39% May 41 31 31 86 107 May 27 May 10 102% May 24 May 104 M 43 Sale 104 59 M 7 H Sale May 36% May 58 May 6% May 6% May 104% May 26 43 May 31 60% May 25 8 May 31 7% May 31 Sale Sale Sale 125 H 104 H 98 2% May 31 2% May 6 42% May 126 H 104 Sale Sale 53 % 52 % Sale 60 53 M Sale 95 19 2% May 31 2% May 6 46 % May 5 May May 49% May 51 May 49 May 2 104% May 99 May 4 53% May 51 % May 1 2 53% May 3 31 16 31 10 31 2 5 May 1 May 29 May May 15 25 85 103% 104 99 M 100 83 Sale Sale 89 Feb. 4 112% Jan. 26 113 112 42 Jan. 25 Mar. 24 Jan. 20 Apr. 12 Mar. 9 108% Mar. 4 103 106% May 22 92% Mar. 11 144 Apr. 27 109% Mar. 10 107% Mar. 10 Jan. 85% Feb. Feb. 105% Apr. 106 65 102 40 15 11% 11% 18 7% 7% Jan. Mar. Apr. Apr. May Apr. Apr. Feb. Apr. Apr. May May Mar. "" 65 Mar. 14 6 8 103% Mar. 48 10 Mar. 15 22% Mar. 2 1 5 Jan. 6 22 6 21% Jan. 5 18% Feb. 28 14 Jan. 3 27 8 Jan. 3 10 46% Jan. 9 11 45 Jan. 6 10 90 Feb. 24 10 14 67 Apr. 86 May 27 104 Jan. 107 10 24 May 102% May 101 Apr. 102% May 103% Mar. 99 May 104% May 43 May 65% Mar. 100% Jan. Jan. 100% Jan. 101 Apr. 87% Jan. 102% Jan. 35 Apr. 58 Apr. 3 18 4 31 26 31 14 Jan. 4 Jan. 10 5% Apr. 5% Apr. 103 H 103M 84% 2 Apr. 15 2% 1 % Mar. 2% 8 100% Apr. 18 102 39 Apr. 20 46% 123% Apr. 105 M 40 M 86% 5% Mar. 2 May 24 3 17 % 12 Sale 5 5 32 103 98 96 37 M Sale 5 6% Jan. 5% Jan. 10% Jan. 139 87 102% May 18 103 % May 4 99 May 31 16 84 9 Jan. 26 108% May 26 19 Mar. 19 2 12% Feb. 109% May 31 112% May 19 37 May 40 M 99% 8 105 10 103 12 100 Mar. 106% Mar. 8 108% May 31 107% Mar. 29 107% Apr. 15 3 15% Jan. 3 14% Jan. 110% Apr. 110% May 110% Jan. 39 103 M Sale 7 9 8 109 Jan. 104% Jan. 106% Jan. 105% Feb. 105% Feb. 7% Apr. 9% Apr. 3% Apr. 3 Apr. 5 Apr. 26 94 33 102% Jan. May 31 May 6 Feb. 5 18 123% Apr. Jan. 31 105 18 102lsJiMay 105% May 99% Apr. 48% Apr. 12% Apr. 25 107% Jan. 17 107% Feb. 13 101% Feb 11 71 % Mar. 16 Jan. 20 13 Apr. 6 18 Jan. May 9 37 May 8 45 Jan. 99 98 98 Apr. Apr. 83 May 37% May Sale Sale 100 Sale 83 104 May 25 May 103% May 29 May 85 May 2 May 15 Sale 77 May 4 May 4 104% Apr. 24 5 Jan. 49% May 3 59 48 Apr. 13 62% Jan. 18 6 45 Jan. 28 59% Jan. 95 37" 8 24 May 11 T 4 9 5 6 11 May 25 14 104 14 103% May 29 6 15 90% Feb. 50 50 104 M 103% Jan. 104M 4 106% Mar. 1 60 72 M 63 M 101M 97% 87 M 82 M 82 M 98 M 86 M 74 M 54 M 7% 74 70 Sale Sale 91%. 83% 77 81 75 % Sale 69 1952 J 56, 000 Gulf States St'l 1st mtge 4Ms_.1961 A 000 Gulf States Utilities 4s series C.1966 A 44, J 100 60 O 75 93 % O 107% Sale Sale \ O 65 36 91M 109M 33 40 MN 67 116M 118 67 Sale Sale Sale 80 Sale 80 Sale 95% Sale 85% Sale 73 70% 60 53% 6% Sale Sale 70 85 60 1 79 May 25 72 Sale Sale Sale 5M 60 106% 91% Sale 69 Vs 53 M 7M 79 Sale 81 75 60 79 M J 84 Sale 67% J Sale ir4 MN J Sale Sale 103 J Sale 73 104 M 89 M 70 2 14% 45 0 Footnotes, see page 30. 43% May Sale 21% I) F May 11 15 May 2 11% May 17 40 Sale 15% O 32 000 43 Sale 99 Mar. 38 f 17 A 140 000 105% May 2 108% May 26 15 May 15 13% May 5 109% May 31 112% May 19 42 J 1949 1999 Hoe (R) & Co 1st mtge ..1944 t*AlIousatonic RR con g 5s—1937 Sale 14 103 108 Mar. 11 110% Mar. 70% Mar. 32% Apr. Apr. 98% Feb. 105 May May 29 107% May 18 85 37 40% Mar. 4 45% Mar. 10 Jan. 25 102n,lMay 25 104 102% Sale 105% May 17 106 Sale 100 May Sale 99n«101M 100 60 60 Sale 53 May Sale 14 M 10 H 14 H % Sale 105 H 106 A 17,000 AHarpen Mining 6s Hock Val 1st con g 4Ms_. 102% 42% 109% May 27 106% May 24 106% Feb. 18 Apr. May Jan. Apr. Apr. 107% Apr. 52% Apr. 40 May 105 15% J May 5 111% May 1 112 6 110% May 27 112% May May 11 111% May 9 112 Sale Sale Sale Prices Prices Apr. 10 105% Mar. 14 100 Jan. 3 May 3% May 1 May 24 May 16 101 15 39 1 Highest 32 100 2Vs Sale IVh 6% 2M Sale 1M 2M 101 104 100M 104 45 Sale 40M 43% 50 F 108% 14% 109% 17 H Sale Gulf & Ship Island— 5s stpd 66,000 6H 96 1961 B.1950 1956 Sale 48 -.1950 J 1940 6M 6M "57M 59 Great Northern Ry— 135, 000 138, 000 2% 1% Sale 33 Sale J D 727 000 Goodrich (B F) Co conv deb 6S..1945 1st mtge 4 %s -1956 J D M S 34, 000 Gotham Silk Hosiery deb 5s w w_ 1946 Gouv & Oswegatchie 1st 5s 1942 J D Gt Cons El Pow (Japan) 7s 103 M 104 M 96 92 54 19 3 12 12 16 9 32 75% May "78*" 71 105% May 105 H 105 H 106M 107 102 M 101% May 102 101M 98 M 90 H 101 M 102 M 101M 102 H 101% May 104 May May May May May May 3 % May 1 May 24 3% May 1 May 24 60 H 85 106 1,339 000 21,000 94 57 % 61 tAGa & Ala 1st cons 5s Oct. 1945 ♦JiGeorgia Carolina & Northern Extended at 6% to July 1 1934 6,000 AGood Hope Steel & Iron sec 7s. 1945 Grays Point Term 1st gu 39 M 85 104% 102% J 9,000 General Public Service deb 5%s 1939 182,000 Gen Steel Castings 1st 5%s w w_l949 Ms—1941 g 5s—1947 Sale 122 1946 1951 1st gu g 4 39 K 35 17% General Motors Acceptance Corp— ex 111% 112 108% 111 111% 13M 40 104"" — ADebenture 6%s AS f deb g 6s. 13 H 14" MN *A(Amended) 1st cons 2-4s—1982 of 45 Sale 9% __ 102 H 43 M 12M 12 M 12M 1938 M S ___ 50 6 May 31 May 1 105% May 4 106% May 22 105% 87% May 22 87 May 22 89 87% "89" 141% 145 109 Sale 108 105% May 1 108% May 26 107 H 107% Sale 107% May 24 107% May 24 50 64 M 64% 95% 95 M 50 102% 103% 102 H May 20 102% May 19 15 M 50 Proof of claim filed by owner 50 107% 9% 12% 3% 3% May 12 May 29 May 19 May 2 54 111M Sale 141M 105 % 107 M 107 32 100M 101M 100% 101 105 M 83 109% 59% 108% 105% 108% 108% May 54 May 108% May 104% May 107% May 106% May 106% May 8% May 9M May 3M May 3 May 5% May 102% 104% 29% 34% 35 23 85 4% 40 Sale f 6s Grand R & I 3% 30% 20 Sale 1947 MN Proof of claim filed by owner. 431,000 145,000 5M 4 3M 6M 54 15% ACertificates of deposit. 2,000 9,000 111% Sale 112% Sale 21 ♦JiFonda Johns & Glovref4%s 1952 14",000 ----- 21% 1953 1953 ACertificates Sale 3M 102 % 100 M 101% Sale 1942 M S 103 90 87 % 1954 J D Firestone Tire & Rubber 3%s_.1948 A 0 1 AFla Cent & Peninsular 5s 1943 J J "38" "55" 64% JFla East Coast 1st 4%s 1959 J D 63 9% Sale Alst & ref 5s series A -1974 M £> 15,000 5% 5M 105 % 105M 16 13 M stamped 30-year deb 6s series B 1,000 34 Sale Sale Sale Sale 102 & prior lien 4s 1996 4s 1996 f 5s stamped s Sale 3 106% 107% 105 102 1940 - 5s International series s 3M 106 % 102 M 105 50 1965 %s ser B 1940 *A3dmtge4%s 1st lien 9 M Sale 9M 10M 40 105 M 106 M 50 75 MN Sale Sale 59 97 % 106 105" 35 55 20 conv 4s Series D 1953 ARef & impt gold 5s ser 1927-1967 MN ARef & impt 5s series 1936—1975 A O AErie & Jersey 1st s f 6s 1955 J J J AGenesee Riv RR 1st s f 6s... 1957 J First lien ' 10 111 D J 106% 108 % Sale 9 23 33 112% 111M 111% A 66,000 Ernesto Breda Co 1st mtge 7s—1954 F A 1956 J D 26,000 Fairbanks Morse deb 4s 1942 M S 20,000 Federal Lt & Tr 1st s f 5s 10,000 343,000 3,000 37,000 261,000 57,000 Sale Sale 108 M 108 % 106M 106M 106 M 106% MN 1995 4s. .1952 aN Y & Erie RR ext 1st 4s___ 12,000 24,000 Sale J AGen 33,000 108M 105 M 105 % 102 M May 1 106% May 24 May 22 105 X 106 105% May 23 106 35 31% May 1 34% May 27 32M Sale 35 May 5 38% May 25 38 40 40 M Sale May 29 42% May 11 May 23 38 34 May 29 35 34M Range a4s series B 342,000 23,000 Sale J 1951 J Alst consol gen lien AConv g 4s Series A 284,666 QQ J MN 4%s 1961 MN Ed El 111 N Y 1st cons g 5s Electric Auto Lite conv deb con 104 M J 1995 2,000 Elgin Jol & East 1st g 5s El Paso & S W 1st & ref 5s 84",000 j: AErie RR 1st I Sale Sale Prices Sale Prices Ask Sale 102M May 1 104 % May 31 1100 QQ 96 May 31 96. May 2 Sale 106% May 3 109% May 27 105% Bid. 108 M 109 M 109 58 M Sale 54 Sale 109 A O 15,000 Eastern Ry M No Div 1st g 4s.1948 MN 6,000 Eastern Tenn Va & Ga 1st g 5s. 1956 143,000 104,000 100,000 33% 44 A 5s stamped 24,000 Firie & Pittsb gen gu g 3 Series C 3%s 31% 31% Ry 3%s 1962 27,000 J 9,000 1* ADul So Shore & Atlantic g 5s_1937 1965 J 134,000 Duquesne Light 1st M 3%s 77,666 105 % D Gen & ref 4 %s series D.... 1961 F Gen & ref mtge 4s series F—1965 A Gen & ref mtge 3%s series G.1966 M ADetroit & Mack 1st lien g 4s—1995 J Duluth 106 % 102 M D J J Certificates of deposit M S 3,000 1 ADes Plaines Val 1st guar 4%s_1947 Detroit Edison— ASecond gold 4s 34,000 Detroit Term & Tun 1st gu 70,000 Dow Chemical deb 3s 102 M 94 % Ask Sale 96 M Sale Sale 105 % Sale 36% J 7,000 83,000 41,000 41,000 Sale 38M Bid J 1946 49,000 400,000 18,000 25,000 12,000 26,000 5,000 112,000 18,000 16,000 Sale 104 M 104 % 33 % Sale D J 1946 7%s series A extended to 6s series B extended to 32,000 2,000 D J - —1943 2Jis._l.948 f deb 3 %s Crown Cork & Seal s f 4s 124,000 Cuba Northern Rys 1st 5%s 38,000 Cuba RR 1st 50-yr g 5s Crane Co Sale J 1st s f g 6s 1946 Continental Oil conv deb Ask SINCE JAN. Lowest Highest Lowest May 31 May 1 1939 EXCHANGE Container Corp of Am Deb gold 5s RANGE IN MAY Jan. 3 Bid 21,000 68,000 239,000 72,000 61,000 EXCHANGE-BONDS 106% May 10 104% May 92 May 29 88 May 85 May 31 81 % May 80 May 31 74% May 80 May 31 74 May 95% May 31 91 May 81 85% May 31 May May 29 68 May 12 71 6% May 5% May 4 104 103 103% May 17 103% May 73 % May "80" 73 74 73 X May 26 72 % May 70 72 May 2 78% 72% 7 ... 60 40 38% 122% 75% 31% 40 Sale Sale 33 100% Jan. 88 May 81 Apr. 74% May 74 May 88 Apr. 78% Apr. 66 Apr. 53 Apr. 5% Apr. 103 Apr. 73 May 24 106% May 10 22 101% Mar. 11 Mar. 14 94 14 8 8 89% Mar. 11 89% Mar. 10 8 103% Mar. 11 Mar. 10 11 94 Mar. 10 8 Apr. 17 11 5 11 7% Jan. 28 103% Apr. Mar. 81 26 4 1 8 69 Jan. 4 79 Mar. 90 97 93 V\ 93% Sale 106% 108 Sale 117M 122 69 M Sale 26 M 30 29 17 27 24 80% Feb. 25 78 Feb. 20 73% Jan. 64% Jan. Apr. 28 May 8 91 Mar. 21 92 93% May 10 May 8 May 15 106% May 26 110 92 96% Mar. 10 Mar. 14 106% May 26 110 15 May 15 38 May 4 39 117% Apr. 13 122% May 31 77 Mar. 20 67 Jan. 5 38% Jan. 3 25% Apr. 11 38 May May 69% May 28% May 120 39 May 122% May 31 75% May 10 33 May 12 N. Y. STOCK June, 1939] Sales in EXCHANGE—BONDS PRICES Price May BONDS n. y. stock exchange 1939 RANLE SINCE JAN. 1 IN MAY Jan. 3 Value Bid 111.000 250,000 7.000 219,000 241,000 82,000 10,000 3,000 Houston Oil sink fund 1940 M N 5%s A Hudson Coal 1st s f 5s series A._ 1962 J D Hudson County Gas 1st 5s 1949 M N Hudson & Manhat 1st & ref 5s A 1957 F A a Adjust income 5s Illinois Bell Telep 3%s ser B Illinois Central 1st g 4s 1st gold 3%s_ 87 83 83 - gold 4s Purchased lines 1st 3 %s. Coll trust gold 4s Refunding 5s 40-year 4%s Cairo Bridge gold 4s Litchfield Div 1st g 3s__. MN J MN A Gold 3%s_ Springf Div 1st g 3 %s Western Lineslst g 4s 111 Cent & Chic St L & N O— 403,000 Joint 1st & ref 5s ser A 63 59 M 53 M 104 M 112,000 ti Internat Gt Nor 1st 6s A 1952 A Adj mtge 6s series A.July 1 1952 59,000 a 1st mtge gold 5s series B....1956 a 1st gold 5s series C 1956 111,000 Internat Hydro El deb6s ...1944 130,000 Int Merc Marine 1st s f 6s 1941 110,000 Intern Paper conv 5s series A—1947 62,000 Refunding 6s series A 1955 22,000 Int Rys of Cent Amer 1st 5s B.. .1972 First lien &ref 6Ms.. 11,000 1947 245,000 Internat T & T deb g 4 Ms 1952 Deb gold 5s 486,000 1955 X Iowa Central Ry— a 1st & ref 4s_ 12,000 1951 14,000 James Franklin & Clearf 1st 4s. .1959 85,000 Jones & Laughlin St'l 1st M 4Ms 1961 10,000 Kanawha & Mich 1st gu g 4s 1990 53,000 X* aK C Ft S & M ref g 4s 1936 a Ctfs of dep (Bankers Trust) 17,000 106,000 Kan City South 1st g 3s 1950 126,000 Ref & Imp 5s April 1950 159.000 Kan City Term 1st 4s 1960 115,000 Kansas Gas & El 1st mtge 4Ms. 1980 A Karstadt (R) Inc 1st Mtge 6s_ 1943 a Ctfs w w stpd (par $645) 1943 "2",666 a Ctfs w wstpd (par $925) 1943 9,000 a With warrants (par $925) 1943 1946 46", 000 Keith Corp (B F) 1st ser g 6s 198/ 20,000 Kentucky Central 1st gu 4s Kentucky & Ind Term 1st 4 %s_ 1961 6 ,666 1961 Stamped ... - — Sale 64 % Sale 41 50 Sale Sale 52 Sale Sale 40 % Sale Sale J F A 85 J J Sale 55 % Sale _ _ _ A O M S A O AfN no 107% 108 M Sale 45 Sale 37% 39% 59% 60 % Sale 89 90 ..... 19% 19% 75 54 % 99 % Sale Sale Sale Sale Sale Sale Sale M S 94 Sale AfN 82 85 Sale F A 91% J J 67 F A 69% Sale M S 3% D Af S 52 M 95 M AO 78 J A O WA 4% Sale 96 90 Sale Sale A O J J 71 Sale J J 108 Sale D MN 104 Sale J 69% Sale 36 17 22 23 25 M S 87% 95 J 60 82 90 J J 50 92 A O 163 165 F A J J "98"" J J J D Sale 103 96 98 M 100 % Sale 103 102 100 % Sale J F A 105 M 50 75 % 84 % 42 M May 18 46 M May 16 52 May 40 % May 1 1 81M May 18 27 29 29 31 29 31 18 tip, Mar. 11 26 U2H Jan. 18 Mar. 31 3 Feb. 1 30 85 24 53% 53 % 44% 52% 57% 47 81% 46% Apr. 17 47 Apr. 28 42 J* May 18 44% Apr. 11 52 Apr. 26 Apr. 8 81% May 18 63 Jan. 13 63 Jan. 3 46% May 8 39 49 M 46 % Sale Sale 8 46% May 8 7% 43 % May 4 41M May 17 50 May 31 46% May 31 103% May Sale 94 Sale Sale 108 Sale 60 Sale 62 Sale 59 % 34 64 % Sale 57 M 81 Sale 34 Sale 57 Sale 79% Sale Sale Sale 54 % Sale 101M 103 9M 10 2M 2% 7% 15 7% 17 82% Sale 50% 54 % 93% 94% 85% 86 M 78% 82 92 M 94 M 58 Sale 60 M Sale Sale 2 2 Sale 9 58 Sale Sale 98 M 91 Sale 93 % 85 83 97 Sale 65% Sale 69 M Sale 2 40 50 47 M 92 93 91 2% 49 91% 8 8 61 Mar. 21 38 % May 29 90 90 106 56 56 27 May 3 103 9 H May 2 6 May 19 80 May 17 2 3 85% May 2 79 May 11 93 May 3 58 May 1 60% May 1 54 % May 94 % May 2 49 Mai,y 1 May 29 3 91 % May 84 85 M 84 85 M Sale 25 M 25 27 29 23 % 25 M Sale 70 M Sale 67 67 % 67^ Sale 61 % Sale 69 61 % 108 % Sale 108 % Sale 108*1 104 % Sale 105 M 106 M 104% 36 M 36M 25 "15" 25 16 % ..... 19 80% 98% Sale Sale 98% 108 M 106 92 M - May May May May May 97 May 66 May 69% May 72% 55 90 55 95 55 4 9 11 Mar. 10 100 3 94% Jan. 83* Feb. 15 Mar. May 31 Vii Mar. 10 Mar. 13 5 Feb. 16 58% Mar. 10 96% Jan. 11 85% Mar. Apr. May Apr. Apr. Apr. ll* 4 4 Jan. 60% Jan. Jan. 27 4 Jan. 87 46 84 May 26 Jan. 4 20 20 2 Apr. 17 Apr. 12 90% Apr. 11 2% May May 935* May 11 Feb. Mar. 20% Jan. 93 Apr. 82% Apr. 76% Apr. 88% Jan. 53 Apr. 56 Apr. 50 9 6 3 18 3 Feb. 18 Mar. 3 Mar. 3 5 89% Jan. 70 68 43 68 66 Apr. Apr. Apr. Apr. 2 May 9% Apr. 9% Apr. 72% Jan. 48% Apr. 31 31 12 27 29 31 31 27 21 n* 6 Jan. 4 Jan. 3 72% Mar. 19 l70^ Feb. 107 36 May May 20 Mar. HZ* 27 100 Mar. 93% Apr. May 4 7 18 Jan. 13 Jan. 19 Feb. 3 Mar. 6 Mar. 8 Jan. Jan. Feb. 108% May 31 106 5 77 May 20 90 55 9 9 109% Feb. 9 79 May 15 May 31 24% 25% May 24 70** May 31 56 69 May 27 109** May 27 107% 105** May 26 103% 30% May 20 16** May 20 16% 19 May 18 19** May 2 May May May May May May May 10% Jan. 99% Apr. 20 103 May 26 19% May 13 2% May 5 85% 58% 98** 92% 83** 60% Mar. 56% Mar. 104% Mar. 97% Mar. 53% Apr. 51 Apr. 79 May 94 % May Sale 98** May 31 1 106 Sale May 12 108** May 31 92 M 73 76M May 10 77 May 20 80 5 May Apr. 94 May 3 May 31 May 16 109 May 5 60 66 % May May 1 59% May 29 63 May 32 M May 23 37 May 62 57 May 1 May 54 % May 60 1 May 79 81 May 1 May 31 23 M 94 M Apr. 107 84 — 9 4 Jan. 13 Mar. 4 8 Mar. 24 37 63 65 9 4 Mar. Apr. 11 40% Apr. 29 10 85 Jan. 46% May 43 10 9 71 56% Mar. 83% Feb. 63 8 101 9% Sale 60% Mar. 15 104 91 Mar. 8 Jan. 5 Jan. 13 Jan. 5 103**i May 26 105 32 Jan. 25 41 % Jan. 9 95 Feb. 27 95 Feb. 27 66 Jan. ll 70% Mar. 30 3 20 108 52 Feb. 60 70 55 63 62 60% Feb. 46 M May 103*3! 104 % 103*«i May 26 88 38% 40 May 16 99 85 ..... 166 ...... 166 88 80 85% 88% 103% 104% 105 % 106 H 107 108% 95 98 102M 102% 99 Sale 102% Sale 104 105 104% 105 100 M 102 103% Sale 7% 9% Sale O Sale 84 Sale A Sale 48 52 A 46 48 54% 12% 89% 54% 53% 1942 F 1942 F Collateral trust 6s series B 50 May 47 M May 69% 1960 F Coil tr 6s series A May May May May May May May 11% Jan. Jan. Jan. 83% Jan. 111 87 91M 104 103 "92% Af S A 45 41 45 43 47 A 46 41 43 43% 47 1939 A 1953 F Coll & ref 5Ms series C_. Col & ref g 5%sser D..... 26 25 23 29 31 Sale Prices 27 J UN 20 37 J J 95 70 100 102M 20 3% 38 "55"" 57 J _ ALaclede Gas Lt ref ext 5s Lake Erie & Western Sale 40 - J _ 44 103 M 33 6M 15 99 % 63 59 May May May May May 65 46 63 1961 J Plain.... 81M 59% 75% 85 69M 01 49 90 70 Sale J 1961 4Ms unguaranteed Kings County Elec Lt & Pow— Purchase money 6s 1997 1949 Kings Co Elevated 1st g 4s 1954 Kings Co Lighting 1st ref 5s. 1st & ref 6 Ms 1954 Kinney (G R) 5Ms extended to. 1941 1951 Koppers Co4sseries A Kresge Foundation coll trust 4s_ 1945 3 Ms collateral trust notes. 1947 X Kreuger & Toll class A— a 5s Uniform ctfs of deposit. 1959 83 M 90 75 10 J Sale Sale J . 46% 55 M Sale 63 M S 10117iiMay 29 35 May 26 127 May 31 Highest Sale Prices 3 101 Jan. 31 102% Jan. ' 5 28J* Mar. 18 36% Jan. May 31 124 Jan. 13 127 Mar. 9 43** Jan. 13 , 75 ::::: "oe" . " * 50 65 58 1946 82,000 89,000 450,000 12,000 81,000 263,000 40,000 26,000 Interlake Iron conv deb 4s 1947 Int Agri Corp 1st & coll ctf 5s— 74,000 Stamped extended to 1942 46 76 | Alndianapol & Louisv 1st gu 4s_1956 169,000 132,000 79,000 45,000 6,000 19,000 54 1963 Indianapolis Union Ry— Ref & impt mtge 3 Ms ser B—1986 Industrial Rayon 4 Ms 1948 Inland Steel 3 %s series D 1961 Jlnterboro R T 1st & ref 5s. 1966 Certificates of deposit *Al 0-year 6% notes 1932 * a 10-year 7% notes ...1932 a Certificates of deposit 48 M Sale 45% 1948 Ind Bloomington & W 1st 4s 1940 Indiana 111 & Iowa 1st gold 4s.. 1950 2,000 3,000 15,000 1,000 317,000 47,000 120,000 59 68 M Sale Prices 84M 45~" 90 1963 214,000 4%s series C 49,000 Illinois Steel deben 4 Ms 4,000 Allseder Steel Corp6s 83 Sale Lowest Highest ----- 83 84 1950 1951 1953 1951 1951 1951 1951 1951 Louisv Div & Tor g 3 **s. Omaha Div 1st gs 3s St Lou Div & Term g 3s.. 60 58 J M N 1966 F Sale Lowest 12 M May 14 13% Sale 111% 112% 111% May 12 112 % 89 90 May 29 90 a86 Sale a86 May 31 a86 75 M S O Sale 112 86 Sale A 101M 31M May 31 Ask Sale Prices Ask Bid 101 "a 101 % 101M May Sale 34 M Sale 33 31M May 126 % May Sale 126% 127 Sale 48 % Sale 47 May 47% 13% Sale Sale 1951 1951 1951 1951 1952 1955 1952 1953 1955 Bid 125 M Sale 13 Refunding 4s. 1,000 34 M Sale 102 101" 44 _ Collateral trust Ask Sale Feb 1957 1970 Extended 1st g 3%s._ 1st gold 3s sterling 53,000 155,000 7,000 130,000 45,000 725,000 5,000 102 May 1 Sale 55% Sale 87 May 9 103% May 4 106% May 23 98 May 23 99 May 1 104 May 3 101 % May 4 72 163 79 87% May 9 104% May 23, 98 108% May 16| 103 98 95 May 23 99 102% May 31 105% May 16 102% 103% May 29 100 8% May 2 83% May 3 50% May 2 50% May 22 43 May 11 41 May 8 73 21% May 52 May 52 May 87 May 32 May Feb. 14 166% Mar. 13 Jan. 30 26% May 15 57% May 31 54 May 27 90 May 30 34 May 3 88% Apr, 11 10 104% May 23 Jan. 3 108% May 23 Mar. 29 98 May 23 Apr. 29 102% Mar. 27 Jan. Jan. Jan. 17 105% May 16 10 103% May 29 7 Apr. 1 79% Jan. 23 12% May 31 90 May 24 55% May 10 54% May 10 45% May 17 45 May 9 May 10 May 16 84% May 15 Jan. 13% Jan. 91 % Mar. Jan. 3 45% Jan. 12 58% Mar. 58% Mir. Apr. 11 May 8 50% Mar. 45 42 41 51 Mar. RR— 5s 1937 extended at 3 % to 1947 ■T 1,000 2d gold 5s.. 1941 J 4,000 45,000 Lake Shore & Mich Sou g 3Ms.. 1997 J J 75 J 88 D 88 M 74% 88 67% "65"" 85 85% Sale 74 ■ 84% 73 63 26 67 Jan. 63 84 May 16 Apr. 25 21 % May 10 May 22 86% May 10 65 Apr. 20 75 67 90 Mar. 15 Mar. 13 Jan. 5 Lautaro Nitrate Co Ltd— a 1st mtge ncome reg.Dec 31 1975 309,000 J 1954 39,000 Lehigli Coal & Nav 4 Ms ser A J Cons sink und4MsserC 1954 20,000 1965 A O 21,000 Lehigh & New Eng RR 4s A 1945 M S 3,000 Lehigh & N Y 1st gu g 4s_ Lehigh Valley Coal— ♦ 1944 5s certificates of deposit Alst & refunding 5s. 1954 F A 10,000 ACertificates of deposit ; 3,000 5s stamped 1954 F a 2,000 a st & refunding 5s .1964 F a 12,000 Certificates of deposit 10,000 AFirst & ref sinking fund 5s 1974 F A 6,000 Sale 55% 54 M Sale 33% ... — For footnotes, se« oacre no 24% 57% Sale Sale 53 59 Sale 85% 87% 90 30 34 33% 40 23 Sale Sale 23"" 22 M Sale 24% 18% 18% 20 21% Sale May May May May May May May May May May May May May May May May May May 22% 22 . 24 Sale 28% 24% 18% 74% 35 43 36% 44 50"" 32 F A J J Sale 42 J 40 49 J 46% Sale 58 42 45 % 47 % 60 40 19 50 Sale 40 AfN 14 % 16% Sale AfN 19 % Sale 16 Sale 19M Sale 13% 14% 14M 15% 14M 15% 15 18% Sale 18% 18 Sale 18% Sale AfN AfN AfN AfN — ... Sale 59 51 20 34 j'j Leh Vail TerRy 1st gu g 5s 1941 A 5s ass anted ...1941 A A .. —1965 13,000 Lex & East 1st gu 5s— 1944 73,000 Liggett & Myers Tobacco 7s 5s 1951 61,000 1952 8,000 Lion Oil Ref conv deb 4MS 57,000 Liquid Carbonic 4s conv debs—1947 Little Miami gen 4s series A....1962 1946 330",000 Loew's Inc s f deb 3 Ms 1952 26,000 Lombard Elec 7s series A 1953 65,000 Lone Star Gas 3 Ms debs 1956 5,000 a Long Dock Co 3 %s ext to Sale 53 O It* A 15 19 50 66 53 75 Sale 45 113M 120 Sale 127 % A O J D Il2"" O F A Sale 22 % 22 M O O 51% Apr. 21 52 Apr. 12 84% Jan. 4 31% Jan. 9 27% Mar. 13 Mar. 10 64% Mar. 11 91 Mar. 31 64 39 Mar. 4 Apr. 12 ... ACertificates of deposit 8,000 ASec 6% no es extend to 1943 4,000 ACertificates of deposit... 5,000 28,000 Leh Vail Harbor Term 1st 5s—. 1954 1940 4,000 Leh V (N Y) 1st gu g 4 Ms 4M« 1 sented 1§40 9,000 2003 48,000 a Leh Val (Pa) gen con g 4s a 4s assented 2003 92,000 a Gen cons 4 Ms 2003 8,000 a 4 Ms assented —2663 54,000 a Gen cmsol 5s -.2003 7,000 a 5s ssented 2003 19,000 21M 15M Sale Sale 108 M 106 100% M1V F A 98% Sale J D 53 Sale F A A O 17 "56"" Sale Sale 60 Sale 64 23% 22 24 22 37% 36 45% 46% 45% 16% 16 17 18% 18 18% Feb. 1 29 25 29 25 26 Mar. 10 May 24 Mar. 10 Mar. 6 Mar. 8 Mar. 3 Mar.. 6 Mar. 9 Feb. 27 Mar. 14 Mar. 13 7 Feb. U6% 120 128% Sale 129 130 Sale 108 Sale 103% Sale 99% Sale May 19 115% May 12 116% May 19 127% 127% 96% 107% May May May May 127 Apr. 127% Jan. 96% May 107 Apr. 107 Apr. 98% Jan. 128% May 129% May 99% May 109 May 107 75 16 May May May Apr. May May May May May May May May May May May May May May May May May May May May Mar. 15 98 Sale 52 61 23 55 50 Sale 107% 107 % 108% Sale 60 % 20 60 50 127% Sale 109 46% 23 61 75 2 103% May May 49 May 16 50% May 2 108% May 107% May 68 May 26 May 26 68 100 49 | Feb. 104 Apr. 62 Mar. fl29% 130 Jan. Mar. 10 8 99% May 31 110% Jan. 20 107 Apr. 17 103% May 29 56% Jan. 13 108% Mar. 4 68 May 26 Sales in Bid i Lower Austrian M S \ M S M S 1,258,000 t a Manhattan Ry (N Y) con g 4sl990 a Certificates of deposit 119,000 a 2s 4s 2013 116,000 Manila El Ry & Lt 1st 5s 1953 Manila RR South Lines 1st 4s_..1939 1st ext 4s 1959 t AMan G B & NW 1st gu 3%s„1941 1947 4,000 Marion Steam Shovel s f g 6s 28,000 Market Street Ry 1st 7s—Apr 1940 32,000 Mead Corp 6s with warrants 1945 127 M 123 Sale J 82 Sale M 5 108 108 M M S 105 105M 100 Sale 94 M 89 M 84 M 79 108 71 J MN *Alst cons 5s grd as to int 1st & ref 6s series A a 160,000 226,000 630,000 51,000 1,000 71% J D M S MN J A O Q J 85 V8 80 88 Sale 83 M 78 M Sale 99 M 100 84% Sale 30% 42 M 40 M 25 Sale 29M 25 69 - 79 M 80 78% 100% 86% May May 74 99 83 Vs May 110 May May May 65 71 105% 23% May 24 3 107 106% May 106 M 106 M 107 72 May 12 72 73 M 71M May 10 73 M 44 M May 24 49% May 10 Sale 46 Sale 33 V May 29 M May 11 3 31% Sale Sale 42 M May 47% May 3 1 Sale 43% Sale 44 Vi May Sale 40 % May 3 1 41M Sale 29 % May 25 9 28 M 35 May 1 Sale 86 95 88 % 63 88 Vs 8M 20 8M 103M 104 103 M S 109 M 111 ..... 110% HI 110% May 19 111 96% May _2 100% 8 8 May 17 % % May 22 O A 110M 99M 104 6M 11M M S D J J 28 90 Vs 70 M J D 14 M J D 40 D 26 100 11M M 8 9 "35"" 96% M S J 99% 60 80 9% 11 13 60 41 26% 22 M 23 11 10M 10 28 73 9 5 7 2 2% • 2 3 3 8M 5M 8M 3% 2% "5% Sale 6M 6% 5% 7% 3% 4% 6% 2% 1% Sale 4% M S1 J Ji 68 Sale 65 J J 54 Sale 52 J D 49 M Sale 37% J J 36 M 31 Sale Sale 30M 16 M 32 Sale 22% Sale 18% 19% 20% Sale 8% 9% 21 3 20 M 6 21M 20 M 21M 20M 2 66% 53% Sale 13 M 12 M 22 Sale 3M Sale 13 M Sale 13 M 12M 21M 20M 13 M Sale 12M J J 62 M F A 19% 28M Sale Sale ----- Sale —- 65 70 Sale 8 Sale 2M 1M Sale 2 68 70 65 70 36 Sale 23 Sale 18M Sale 18 M 21 Sale 9 15 May May May 2 6% May 15 1% May 22 4 99 Apr. Apr. 91 80 97% Jan. 82% Jan J 3Vs 13 M 14 14 M 13 M Mar. 9 Mar. 14 Apr. 88 Apr. 5 5 Feb. niH Feb. 18 65 May Apr. Apr. 105% Mar. 13 24% Mar. 9 104 105% Mar. 67 Mar. 77 Feb. 107 Jan. 8 2 72% Mar. 30 51% Mar. 9 3 33% May 3 47% May 3 44% May 29% May 9 82% Mar. 30 129 Apr. 28 1 83% Feb. 39% Jan. 23 Apr. 26% Apr. 24% Apr. 17% Apr. Jan. Mar. Feb. 72 May 20 87 Jan. 25 39 Feb. 54% Jan. 4 101% Apr. 110% Jan. 95 Apr. 7 May 19 Jan. 30 23 8 104% Mar. 22 16 111% Feb. 18 Mar. 10 8% Feb. 7 % Feb. 17 20 102 4 % Mar. 31 May 19 99% May 25 89% Jan. 4 12% May 16 90% Jan. 72% Feb. 9% Apr. 28 25 May 3 11% May 29 28% May 2 6% May 24 2 May 15 Sale Sale Sale Sale 30 May 19 99% May 25 May 11 Apr. 8 14% May 14 May 14% May 13% May 11 12% Apr. 8 31 31 12% May 17 12% Apr. 11 12% May 24 2 Apr. 8 3 % 13 May May 12% May May 12% May 2% May -13 Sale 13% May 13 May May 23 Sale 109 100M 96 M 96 M 72 M Sale 102 M Sale 97 M 93 Vs 16M 27 M 11 3 May 11 14% May 31 14% May 10 14 May 31 Jan. 19 Jan. Feb. 45 Jan. 34 M<ty 24 3 17 24 17 14 17 8 8 3 12% Apr. 15 Apr. 12% Apr. 12% Apr. f k 70 4 Jan. 3 Jan. 6 Jan. 4 Mar. 10 May 24 51% Jan. 5 37% Jan. 32% Jan. 5 6 Jan. 34 25 Vs 29 M 5 21% 20% 6% 21% 20% 21% 19% 4% 21% 20% 21% 20% Jan. 4 Jan. 6 Jan. 18 Jan. 5 Jan. 3 Jan. Jan. 11 Jan. 14 Jan. 4 Jan. 4 Jan. 4 Jan. 3 18 65 May 3 11 34 6 22% Mar. 29% Mar. 11 May 3 15 2 3 17% Apr. 19% Apr. Sale 108 M 109 M 108% May 29 110% May 24 2 108% May 25 105% 106 M 101% May Sale 100 M Sale 97% May 1 100% May 24 Sale 95% May 31 95 Vs Sale 93% May 5 94 M 70 Sale May 31 70 75 70 May 31 6 Jan. Jan. May May 15 May 3 25% May 31 29% May 31 45 May 25 May 25 May 2 106% May 27 5- 17% Jan. 65 108 M 19% 21 4 4 70 Sale 13 16 2 17 2 24 16 23 16 Feb. 8% Mar. 13 12% Apr. 15 Apr. 14 65 M 3* May 27 1% May 17 64% Apr. 11 Apr. 2 Feb. 2 8 Mar. 18 5 5 17% Jan. 31K Mar. 10 3 6 9 Jan. 32 14% May 3 Mar 97 76% Mar. 15 14% Jan. 3 50 42% Jan. 23 May 8% Apr. 28% Apr. 4% Apr. 1 % Apr. 2% Jan. 5% Jan. 4 May 13% May 13 Sale 3 27 19% May 17% Apr. 19 May Sale 19 99 Mar. 10 110 4 4 4 3 2Vs 141 13 % 14% 21 Sale Mar. 17 101 23% May 20% May 21% May 10 May 50 M 58 99% 93% 89% 85% May May 74 23 10 9 26 6 Mar. 11 101 84% Apr. 19% May 17 17% May 26 19 May 17 8% May 23 102 M Sale 1955 23 7% May 31 4% May 31 8 May 24 2% May 31 1% May 17 68 May 29 70 May 24 38% May 4 S M Jan. 2 3 2 May 27 1% May 17. 65 May 2* 53% May 2 34 May 24 5% May May 6% May 4 MN M S 9 3 28% 15 18% 21% Sale 23% Sale 45 48 M 46 58 49% 104 M 105 M 105 M 108 105% M S 3 May 29 13 M Sale Sale 14 Sale Sale 4 21M 20 M 25 17% 23 M 73 5M 6% lVs 2h H lVs 7M Sale 4% Sale 14 15 12M 13 M 12M 2Vs Sale Sale 18 5 105% Jan. 108 May 17 May 22 75 12% May 20, 10 33 27 2 30 May 94M 74 Vs 25% 3M J 66 ..... 41 7M J 99 Vs 97% May 54 M Sale 3 J May 19 30 45 16M M N J 49 33 98 M Apr. 28 14 10' 88 94% 75% 12% M S J M M 88 Sale J 99 Sale J Sale 25^ 94% 87% M S MN 49 7M M 35 J 81 97% 8 ...« M S J 72 May 10 May 6 May 15 76 May 20 53 May 31 May 2.104 72 104 55 Jan. Apr. 86% Mar. 87 Mar. 129% Jan. 126% May 90% Mar. 110% May 108% May 14 103 50 % 10 10 11 81 65 51M 103 M 104 F 74 M 27 75% Apr. 101 20 79 Sale Prices 84 Jan. Jan. 122% Jan. 81 95 63 87 MN A 8 12 May 3 May 26 May 31 May 18 May 5 May 4 May 13 May 3 81% 80% 80 127% 22 83 81 86 84 M May 80 May 105 107 100 V May 93 May 99 M May 91 May 60 1938 1938 1946 Jan. 55 Mar. 45 May 25 102% Jan. 3 106% May 27 107 Apr. 100% Jan. 96% Jan. 93% Anr. 10 110% May 24 3 108% May 25 26 100% May 24 26 97% Feb. 3 70 May 31 67% Jan. 30 72% Jan. 67% Jan. 3 30 Jan. 9 1955 &refsf4%sserC s f 5s ser 79 1955 D M JV 1955 1968 M JV J guar gold 4s stpd 1951 J a A A A 28,000 Sale Sale Sale 38 40 39 Sale 1957 1977 1977 1977 74M 35 107% 108 109% 114M 115M 115 98% 99M 68 74 43 44 M Sale 105 Sale 102% 105% Sale 105 M 106 warr & rets No 4 April 1914 April 1914 O O Assent M M Vs Sale O & rets No 4 onl951 1954 1948 5,000 1a New England RR cons 5s guar 1945 a Cons guar 4s 1945 11,000 For footnotes, see page 30. A J D 74 69 43% 41 May May 12 18 69 May 44% May 12 3 102 106% Sale 105% 106 % % % Vs % % Vs Vs 1 1M 1 Vs 25 J J 122 Vs 27 J J 25M 1% M M ::::: ~T%~ O MN 68% 40% Vs M ----- ----- O t A Naugatuck RR 1st g 4s Newark Consol Gas 5s 0 coupon on warr 1951 A off____195l A M ----- O coupon ----- 41 May May 37% May 104% Jan. 39 23 56% 54 25 26 49 27 109% 10 115% 104% May 105% May 1 106% May 10 2.106 May 24 114 Apr. 97 May 4 100 69 May 29% Jan. Feb. 102% Apr. 104% Jan. 72 102 46 Sale 65 31% 124M % % 1% 60^ ----- May 24 Feb. 7 Mar. 27 Jan. Mar. Feb. 6 2 16 106% May 10 Apr. 10 % Jan. ..... 12 % Jan. 30 Vs Mar. 10 12 ..... % 40 15 % Jan. 1% % May 22 1% May 24 % May 22 1% May 24 % Jan. % May 22 27 % May 22 1% Jan. 26 1% 1 . Mar. 10 Mar. 11 106 Vs M M M % M J A 48 41 May 2 May 23 May 4 39 May 25 44 40% May 9 37% May 26 107% May 2 109% May 24 8 115 May 3 114% May 4 97 99% May 4 May 99% 102 ----- ----- 104 J on ----- 95 M J Nat RR of Mex prior lien 4 Ms— * a Assent warr & rets No 4 on .1926 A a 41% 70M on Assent 4s April 1914 coupon on. 4s 43% 46 J 4s April 1914 coupon off A Assent warr & rets No 5 4s 48 43 31M 101M 4Ms Jan 1914 coupon on_1957 4 Ms July 1914 coupon on_1957 Ms July 1914 coupon off. 1957 a A 47 J 1950 MN 4 A A Sale Sale A National Acme 4Ms extended l946 J D National Dairy Prod deb 3 Ms w w '51 MN 444,000 Nat Gypsvim 4Ms s f debs National Rys of Mexico— 75 70 75 - 79 50M 45M 105 M 114M MN Nashville Chat & St L 1st 4s A__1978 F 4,000 Nassau Elec 74,000 D 1947 M JV 1941 70 52 M 1955 Mountain States T & T 3 79 80 2000 Ms 85,000 Mutual Fuel Gas 1st gu 5s 4,000 Mutual Union Tel 5s 3,000 19,000 Sale 90 J 1 Highest Sale Prices May 13 101% J JMobile & Ohio RR— a Montgomery Div 1st g 5s—1947 a Refunding & Improv't 4MS-1977 * a Sec 5% notes 1938 Mohawk & Mai 1st gu g 4s 1991 Monongahela Ry 1st M 4s ser A _ 1960 Monongahela West Penn Pub Serv1st mtge 4Ms. 1960 6s debentures 1965 Montana Power 1st & ref 3Ms--1966 Mont Tram 1st & ref 5s series A. 1941 General & refunding 5s A 1955 Gen & ref 5,000 27 Vs 31Vs 27% 17 M MN 4%-July 1938 82,000 Morris & Essex 1st gu 3 Ms Const r M 5s ser A 121,000 Constr M 4Ms ser B' 150,000 6,000 106 Vs Sale 46 M Gen "T.ooo 106 Sale Prices 85 1 88— Sale 127 M May 99 M 92 105 % 104 M 20 46 Sale Gen & ref 5s series B 13,000 105M Sale O 98 69 Vs 65 72 104 M 70 A 83 M May 110 40 40-year 4s series B 1962 J J Pr lien mtge 4Ms ser D 1978 J J ACum adjust 5s series A Jan 1967 A O fiMissouri Pacific RR Co— Alst & refund 5s series A 1965 F A 90,000 a Certificates of deposit iGeneral 4s 1975 MS 161", 000 a 1st & ref series F --1977 MN 392,000 a Certificates of deposit 10,000 a 1st & ref g 5s ser G -1978 MN 195,000 a Certificates of deposit 8,000 a Convertible gold 5 Ms 1949 MN 77,000 a 1st ref gold 5s series H 1980 A O 206,000 a Certificates of deposit a 1st & ref 5s series I 1981 FA 209",000 a Certificates of deposit 13,000 102,000 1,000 7,000 86 M 86 D 87,000 30,000 110,000 1,000 141,000 100 D a 25-year g 5 Ms 1949 a 1st ref 5Ms series B --1978 28,000 61,000 t AMissouri-Illinois RR 5s ser A_. 1959 1990 243,000 Mo Kan & Tex 1st g 4s Missouri-Kansas-Texas RR— Prior lien 5s series A 1962 556,000 *a Mo Pac 3d 7s ext at 75% J MN Sale 93 % 86% 84 84 M J t * aM St P & 3 S M 4s stpd guar .1938 5,000 2,000 90M 97 M Sale A MN , 60,000 99 % 98 ~80% M S 86 Sale Prices 91M 84 M Sale 81 Sale M S Ask 82 M 128 M 126 125M 126 J F SINCE JAN. Lowest Highest 2 129M May 23 3 126% May 10 126M 125 % May 85 % May 12 Sale 1 81 May 1 108M May 1 110% May 26 110M Sale 108M Sale 107 M May 15 108% May 6 108 108M 108% 127% 128M Imp 4Ms series C 1979 1940 8,000 t a Midland of N J 1st ext 5s t Milwaukee & Northern RR— a 1st ext 4 Ms 1939 a Con ext 4 Ms 1939 4,000 1947 36,000 J a Mil Spar & N W 1st gu 4s 6,000 1 AMilw & State Line 1st gu 3 Ms 1941 1934 2,000 |AMinn & St Louis 5s ctfs a 1st & refund gold 4s 1949 2,000 a Ref & ext series 5s A 1962 32,000 90 88 Sale O J RANGE Lowest 31 84 % 91M Sale A Ref & Alst cons 5s 83 M 83 M 83 M F 32,000 Metropolitan Edison 4 Ms ser D.1968 18,000 Met Water. Sewer & Drain 5%s_1950 10,000 *t AMet West Side Elev (Chic) 4s 1938 1977 9,000 a Mex Internat 1st 4s asstd a 4s (Sept 1914 coupon on) —1977 "2",660 A Miag Mill Mach 1st s f g 7s_._1956 Michigan Central-Detroit & Bay 27,000 City Air Line 4s___ 1940 Jack L & S gold 3 Ms 1951 1st gold 3 Ms 1952 * II* Ask Bid Bid 91M Sale A Hydro-El 6%s 1944 39,000 McCrory Stores Corp s f deb 5s__1951 13,000 Maine Central RR 4s series A—1945 Gen mtge 4 Ms series A 1960 53, 00 174,000 Manati Sugar 4s s f Feb 1 1957 Ask 80 Ma y May 1 1939 N. Y. STOCK EXCHANGE Long Island unified 4s 1949 Guar ref gold 4s 28,000 —1949 4s stamped 1949 20,666 Lorillard (P) Co deb 7s U944 5s. 1951 36,000 174,000 Louisiana & Ark 1st 5s series A_ _ 1969 1966 68,000 Louisville Gas & Elec 3%s 1945 17,000 Lou & Jeff Bridge gu g 4s. Louisville & Nashville RR— Unified gold 4s 449,000 1940 1st & ref 5s series B 2003 47,000 1st & ref 4%s series C 2003 73,000 1st & ref 4s ser D .2003 8,000 1st & ref 3 % s series E 94,000 2003 Paducah & Mem Div 4s 1946 19,000 St Louis Div 2d gold 3s 1980 51,000 Mob & Montg 1st g 4%s 1945 2,000 South Ry joint Monon 4s 3,000 1952 Atl Knox & Cin div g 4s 1955 20,000 IN MAY Jan. 3 si50 Value PRICES Price BONDS May IY4~,66O EXCHANGE—BONDS N. Y. STOCK 26 1% May 25 1% May 25 Vs Apr. 17 1% Mar. 16 1* % May 23 Vs May 15 % Jan. 4 % May 15 16 4 122% Feb. 20 Apr. 20 Apr. Vs May 1 ----- Vs May 15 60 124% Sale 20 30 20 24 20 Sale 16 21 21 29 20 May 16 May 3 2 May 21% May Jan. 6 124 27% Jan. 11 11 27% Jan. 10 6 10 June, 1939] Sales in May Value N. Y. STOCK 1939 N J Junction BR gu 1st 4s 1986 F N J Pow & Light 1st 4%s_-_--1960 New Orleans Great Nor 5s ser A.1983 Ask — _ 31 F A 1945 j"j 1998 F A 1946 A O 2613 A O 2613 A O 1952 M N g mtge - _ - N Y & Erie—See Erie RR. 10,000 N Y Gas El Lt Ht & Pow 5s...1948 J D 37,000 A Purchase money coll tr g 4s__1949 F 10,000 aN Y & Greenwood Lake 5s—1946 M N 29,000 N Y & Harlem g 3%s_. -,-2000 M N 15,000 N Y Lack & Western 4s ser A..1973 M N 5,000 Guar 4%s series B 1973 AfN aNYLE&W Coal & RR 5%s.l942 M N ADock & impt 1st 5s 1943 J J N Y & Long Branch gen 4s 1941 M S * aN Y & N Eng (Bost Term) 4sl939 A O aN Y New Haven & Hartford— i ANon-conv debenture 4s 1947 5,000 ANon-conv debenture 3%s—1947 7,000 ANon-conv debenture 3 Ms 1954 3,000 ANon-conv debenture 4s—."--1955 13,000 ANon-conv debenture 4s 1956 39,000 AConvertible debenture 3 Ms.. 1956 261,000 AConvertible debenture 6s. 1948 246,000 ACollateral trust 6s 1940 5,000 ADebenture 4s 1957 127,000 Alst & ref 4Mb ser of 1927 1967 37.000 % AHarlem R & Pt Ches 1st 4s_l954 110,000 t aN Y Ont & West 1st g 4s 1992 23,000 AGeneral 4s —1995 1,000 t aN Y Prov & Boston gen 4s—1942 23,000 N Y & Putnam 1st con guar 4s__1993 13,000 N Y & Queens El Lt&Pr 3%s_. 1965 - . . - Sale Ii* 3 Ms 1997 Debenture 4s of 1912 1942 Ref & impt 4%s series A -.2613 Lake Shore coll g 3%s 1998 Mich Cent coll g 3%s__ 1998 New York Chicago & St Louis 225,000 Refunding 5%s series A 1974 A O 718,000 Refunding 4%s series O 1978 M S 42,000 4s collateral trust 1946 F A 10,000 1st mtge 3 Ms extended to -1947 43,000 3-year 6% notes1941 44,000 N Y Connecting 1st gu 4%s A-_ 1953 1,000 1st gtd 5s series B 1953 43,000 N Y Dock 1st gold 4s 1951 38,000 Convertible 5 % notes 1947 124,000 N Y Edison 3 Ms series D 1965 66,000 1st lien & ref 3 Ms series E—1966 < Sale 67% 1956 F A 1954 A O _ - _ 134,000 N Y C & H R 1956 Sale 53 M 103 M 104 _ M S A O A O J J AfN J J J J O A May 31 MAY RANGE SINCE JAN. Lowest Highest Bid AsklBid' Ask Sale Prices 1 Sale Prices 125% 127% 126% 128 125% May 2 127% May 18 126 125% 125% 126% 128 May 3 128 May 15 35 70 Sale 37 % 36 % 45 50 103% 103% 61% 20 24% 24% 32 M 24 33 108 M 22 36 M 39% Sale Ho"" Sale 27 109 108 Sale 57% 48% 53% 59% Sale Sale Sale 83 M 79 Sale 64% 48% 78% Sale 62% Sale 80% Sale 59% Sale 66% 75 66 61% Sale Sale 53% 74 105 78 84% Sale 104% 106% 54 59% 49 53 73 52% 43% 68% 75 Sale 69% 80 54% 105% Sale 107 108% 52% 53% 50% 50 Sale 125% 116% 116% 124% 116% ..... 47% .... 14% Sale 76 74 77% Sale 65 59% 50% 60% 13 66 50 45 70 45 75 74% 50% 20% 60 95 40 50% 20% 45 1 Highest Sale Prices Sale Prices 124% Jan. 123% Jan. 128% Feb. 17 128 May 15 70 99% 7% 12 6 15 9% 10% 10% 10 12 11% 12 12% 13% Sale 17 Sale 8 Sale Sale 13 Sale AfN 54% 55 47 50 4% S 8 J D 4 A O O 44 5% • 52 A 77 65% 51% 48% M N 109% 110% 106% May 20 109% Mar, 16 31 31 29 31 29 25 27 29% May 27 30% May 29 31 May 29 110 May 15 59% 76% 51% 55% 62 May May May May May 10 11 31 31 4 6% 3% Sale Sale 50 10% 10% 10% 11% 11% 10% 13% 21% 4% 13% 52 6% 3% 62% 47% 110% 65 50 56% May 71 Apr. 45% Apr. 51 May 56 May 47% Apr. 39 Apr. 65 Apr. 77% May 50 Apr. May 31 May 29 29 22 31 6 3 31 27 29 26 71% May 81 May 60 May 107 May 107 May 52% May 52 May 110% May 111% May May 12 May 8 May 26 May 4 May 19 76% May 15 45% Apr. 8 59% May 24 59 May 15 104 106 Sale Sale V5% 14% Sale Sale Sale Sale 82% 62% 69% 77% Mar Mar Mar. Mar. 1 I0> 29 31 10* 3 & 9 5 4 3 16 15 10 10 10 10 10 84% Mar. 9 85% Mar. 13 62% Mar. 10 70 Mar. 4 68% Mar. 13 Mar. 15 Mar. 20 72% Mar. 17 107 107 Mar. 25 58 Mar. 11 Apr. 6 59% Mar. 11 Feb. Apr. 107% Jan. 107% Feb. 110% May 29 111% May 26 Jan. 17 123% Jan. 23 126 116% Apr. 19 117% May 23 12 Apr. 99% Jan. 48% Apr. 54 33 May Feb. 5 17% -Tan. 19 5 102 Apr. 29 Mar. 14 13 63 4 1 Jan. Mar. 17 61 Jan. 16 58% Apr. 26 50 Jan. 11 75% Jan. 9 - 11 13 13% 13% Mar. 73 M Mar un Jan. 49 70 12 75 Mar. l0 83% Mar. 13 Jan. 49 60 12 18 11 11 19 18 76 78 15 14% May 9 15% 102% 100% May 17 102 56 50 % May 53 8 70 54 54 May 4 15 9 6 Apr. 59% Mar. Apr. 10 105% May 102 Apr. 10 105% May 8 58 Apr. 74% Mar 23 9 Jan. Apr. §1^ Jan. 3 24% May 37 Jan. 11 33 Jan. 35 24% Apr. 24 36% Jan. 24 Apr. 29 35% Jan. 24% Apr. 10 39% Jan. 23 Apr. 10 34% Jan. 109% Feb. 20 110 May May 3 May 4 51% May 31 62% May 9 59 May 15 80 50 73% 99% Jan. 102 59 19 15 19 24 15 60 17 5% 108% May 71 May 56 May 105% May 105% May 68 May 29 May 31 May 125% 125% May 17 125% May 25 117% 117% 116% May 2 117% May 23 53 Sale May 76% May 46% May 59% May 59 May 50% May 42% May 69% May Sale 80 77% May Sale 59 •54% May 106% Sale 105% May 107% 107% 107 May 52% Sale 50% May 52 50 53% May 110% Sale 108% May 110% ,109% May 54 16% 19 May 19 May 18 Sale 50 16 14% 15% Sale 15% Sale 15% Sale 15% Sale 17% Sale 25% Sale 56% May 18 72 May 17 Sale 49% 72% 12 14% 103% 100% 101 Sale 58 Sale 109% 18% 99% 68% Sale 56 61 108% 14% 51 79% 109 50 46% May Sale 60% 107% 108 108% Sale 97 Sale Sale 55 Sale ----- Sale 58% 72% 50% 76 59 Sale 106% May 68 May 51% May Sale 103 104% Sale May Sale 105% Sale 103% May Sale 68 63% 63% May Sale 28 29 27 May 29 29% 31% 24% May 26 31% 31% 35 29 36 29% May 27 Sale 27 24 30 May 1 27 35 30 31 May 6 28% ill" 110 111 110 May 15 70 Sale 59% Sale 63 M Sale 67% Sale 67 M 77 M Sale 71 56 108% 67% AfN J D M Lowest 90 M "66% 63 1954 - 124 % 125 M Sale l08% 1st & ref 5s series B 1955 New Orleans Term 1st 4s guar. .1953 t*iN O Tex & Mex income 5s__1935 iPirst 5s series B_ May 1 124 A N O & N'eastern ref 4%s ser A. 1952 New OrleansP S 1st & ref 5s A__1952 ACertificates of deposit i"o",666 Alst mtge gold 5s series C_ 12,000 a 1st 4%s series D 32,000 Alst 5%s series A ACertiflcates of deposit ~i~66o Npt & Cin B gen gu g 4%s New York Central RR— 202.000 Consol 4s series A 131,000 10-year 3 %s secured s f 460,000 Ref & impt 4%s series A 717,000 Ref & impt 5s series C 217,000 Conv secured 3 Ms. 15,000 422,000 21,000 6,000 IN Jan. 3 Bid 9,000 24,000 103,000 114,000 33,000 7,000 15,000 PRICES Price BONDS n. t. stock exchange 38,000 New England T & T 30-yr 5s A- 1952 J D 20,000 1st g4^s series B 1961 AfN 127", 000 EXCHANGE-BONDS 10 10 18" }i* 10% 11% 11% 10% 13% 21% May .9% May 11% May May May May May 4% May 12 May 48 May 6 May 3% May 62 May 44% May 109% May May May May May May May 25 8 9 15 27 31 31 16 3 31 5 6 May May May 52 May May May 62 May 19 50 May 9 110% May 12 5 14 I 3 10 25 Apr. May 9% May 10 Apr. 10% Apr. 10 Apr. 10% Apr. 16 Apr. 4% Apr. 10% Apr. 45 Apr. 5% Apr. 3% May 62 May 44% May 109 Feb. 9 13 26 16 12 15% 15% 17% 27% 8 11 11 12 8 Feb. 25 13% Mar. 13 3 15% Jan. 8% 17% >7% 9M Jan. Jan. 4 5 Jan. 3 Jan. 3 Jan. 20 Jan. 4 •Tan 4 ft * Feb. 6 Jan. 16 5 Jan. 9 77 54 Jan. 7 Mar. 16 4 110% Jan. 20 New York Railways Corp— Prior lien 6s stamped 6,000 1958 J J 29,000 N Y & Rich Gas 1st 6s A---1951 AfN 320,000 New York Steam Corp 3Ms— 1963 J J 23,000 X* AN Y Susq & West 1st ref g 5s. 1937 J J 1937 F A 4,000 * ASecond gold 4 %s 5,066 1940 1943 1939 1967 33.000 Ref mtge 3 Ms series B 1946 7,000 N Y Trap Rock 1st s f g 6s 1946 32.0001 6s stamped.88,000 X* aN Y Westches & Bos 1st 4%s 1946 1966 23,600 Niagara Falls Power 3%s. 8,006 Niag Lock & Ont Pow 1st 5s A__ 1955 39,606 Niagara Share (Mo) deb 5Ms.. 1950 AGeneral gold 5s.. ATcrminal 1st gold 5s 98,000 N Y Tel 1st & gen s f 4%s 1950 46,000 Word Rys extl s f 6%s 66.000 *J ANorfolk South 1st & ref 5s A_ 1961 ACertificates of deposit 3,000 *t ANorfolk & South 1st g 5s 1941 139,660 Norfolk & West Ry 1st con g 4s_1996 1949 193,000 North Amer Co deb 3%s. Debenture 3 %s 1954 214,000 F A AfN — - - - 101% Sale 12% Sale 9 11 5% Sale 30 40 J J D j J M S A O AfN A O F A AfN A O F 63 68 75 67% 3% Sale 110% 108 96 Sale 102 17 15 Sale 54 60 Sale 119 Sale Sale 103% 16% 7% 7% Sale 19% Sale -1974 jANorthern Ohio Ry 1st guar 5s Af S 106 8% 39% 59 120% 121 48 42% 35% Sale Sale 107 105% 82 40% 50 Sale 38% 74% 50 Sale Sale 42 J 56% Sale 45 J J 68 Sale J J J J F A extended. 1944 J J 4sl948 -1948 1943 J J J J M S 1965 --1967 1972 1966 MiV 40 Sale J 226", 000 Ohio Edison 1st mtge 4s 1st mtge 4s 20,000 1st mtge 3Ms.. 343,000 71,000 Oklahoma Gas & Elec 3 Ms 12.000 48 M S J J 3D 1946 J D 1943 F A 1945 AfN 4s debentures 24,000 Ontario Power N F 1st 5s Ontario Transmission 1st 5s J D J J J J 355,000 Ore-Wash RR & Nav 1st & ref 4s 1961 J 1962 J 140,000 Otis Steel 1st mtge 4%s A J 19,666 Oregon RR & Nav con g 4s 52.000 Oregon Short Line 1st con g 1st guar cons 5s stamped 40,000 1946 5s__1946 1946 —1946 J 22,000 Pacific Coast Co 1st g 5s 1964 J 157,000 Pacific Gas & El 4s series G 1st & ref mtge 3%s series H__1961 J 163,000 179,000 1st & ref mtge 3 Ms series For footnotes see page I —1966 30. .7 J D D 6% 106% Sale 106% Sale 101 % Sale 104 80 56% ----- Sale 113 109 Sale 116% Sale Sale 61% Sale D D Sale Sale Sale 5% Sale 105 108 110% 107% 113% 115% 109 107 1 31 31 29 6 22 10 31 5 27 13 18 4 123% May 106 May 106% May 107% May 16 31 29 90 2% 3 111% 8 109% 2 98% 31 104%6 23 11% 120% 104% 103% 105% May May May May 13 2 3 3 3 9 26 Sale Sale 93 Mar. 31 106 Feb. 24 Jan. 18 104% Mar. 4 101% Jan. 22 105% May 29 5% Apr. 10 12% Jan. 3 2 9 Feb. 17 6% May 1 5% Feb. 8% Mar. 23 Mar. 8 40 Apr. 19 45 101% May 26 103% Jan. 11 Mar. 30 3 111 108% Jan. 80 Mar. 16 Jan. 26 62 May 29 70% Jan. 25 90 2 8 4 Jan. 5 Apr. 1 111% Feb. 109 6 Apr. Feb. 6 109% Mar. 22 108 94 Apr. 10 100% Mar. 7 100% Jan. 30 105ls32M3r. 2 6 9 17% Jan. 4 Apr. 8% Apr. 13 15% Jan. 5 9 54 Feb. 60 Jan. 10 7 123% May 26 118% Jan. 3 106 May 16 104% May 3 106% May 31 103% May 3 107% May 29 105% May 112% Apr. 22 112% Apr. 22 Feb. 9 Mar. 24 107 106 39 50 44 35 Feb. Jan. 2 27 Feb. 8 55% Mar. 17 50 43 71 Sale 108% 42% 52% 45% Sale 56% 52 46% 50 46% Sale 110% 44 Sale Sale 48 Sale Sale 100 56% ..... Sale 6 6 14 h 7 105 8 108 " 68 May 41% May Sale 108 Sale 106% 109% 108% 103% Sale 108% 41 50% 42% 42% 108% May May May May May 6% May 13 6 May 1 May 9 43% May 10 48 May 8 59 May 9 45% May 26 51 May 4 110% May 29 Mar. 9 41 53 % Mar. 13 41 60% Mar. 11 68 May Apr. May 50% May 42% May 42% May 107 Apr. 85 Sale Sale 109% 6% May May 8 13 12 6% May 4 Jan. 74% Mar. 11 65 Mar. 10 64 Mir. 10 110% May 29 6% May 13 8 May 12 105 107 May 107% May 103% May 108% May Sale Sale Sale 105 105% 103% May. 112»m 1122<32 1122132 112% May 114 109% 110 Sale 109% May 109% Sale 115 117% 117% 117% 116 May 117 118 116% 118 May 105% Sale 106% Sale 105% May 70 70 68% 74% Sale May 54 50 55% May 56% 59% 112% Sale 112% 112% 111% May 111% Sale 111% 111% 111% May 110 Sale 108% Sale 108% May 108% 104 % 77 100 6% 4 107 104 48 100 107 104 % May May May May May May May May May May 3 110% 80 29 50 49 83 53 38 4% 26 1013132May 105% J F _ May 3 105% May 29 7% May 29 May 16 6% May 2 May 2 7% May 2 May 22 112 Q Q 59% 58% 107% 103% 6% 6% 6% 50 122% Sale 105% 106 111 Apr '33 to Oct '34 coup 1945 April '33 to Oct '38 coup.__ 1945 332,000 Northern Pacific prior lien 4s__1997 Gen & lien ry & Id gt 3s__Jan 2047 315,000 Ref & impt 4 Ms series A 2047 25,000 Ref & impt 6s series B -.2647 605,000 Ref & impt 5s series C__ 2047 50,000 Ref & impt 5s series D 2047 66,000 1967 199,000 Northern States Power 3 Ms 1,000 J AOgden & Lake Ch 1st guar g a4s stamped. - _ 147,000 Ohio Connecting Ry 1st 4s 7% 107 115 N'western "Teleg 4Ms Sale May 19 May 26 106 102% May 1 103% May 19 Sale A O 7 3 106% M S Apr 1 1935 and sub coupons.-1945 A AOct 1938 and sub coupons—1945 ACertificates of dep stamped 105% 104 6% "7% 35 39% 101% 102% 101% May 108% 109% 110% Sale 109% May Sale 73 78 80 78 May 81 Sale 75 87 76% May 7 3 % 2% 2% May 2% Sale 111 110 109% May 108% 109% 109 108% May 95 98% Sale 95% 94% May 103% May 104% 104% 103% Sale 9 10% 9% May 11% Sale 9 8% 9% May 8% 16% 35 101:,132 A -. A-_ 1974 North Cent gen & ref 5s ser Gen & ref 4%s serias A 105% 105% 106 102% Sale 103% 104 A —1959 F - 105% 97% 103% 103% J 108% Sale F — Debenture 4s..... 90 MAT - 104.000 104 108% May 109 May 108% May 110 May 105 May 112% May 110% 117% 118% 106% 76% 56 113% 112% 110% May May May May May May May May May 10 23 31 10 16 8 Apr. 107 Mar. 3 106 Jan. 106 Jan. 108% May 109 May 108% May 110 Apr. 105% Feb. 113% Mar. 116% Mar. 110% May 117% May 118% Mar, 106% May 81% Jan. 10 23 101% Jan. 26 Jan. 103% 112% 112% 107% 113% 116% 103% 64% Apr. 109 10 29 24 11 9 17 6 107 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Apr. 53 Apr. 111% Apr. 105% Jan. 60 Jan. 31 4 11 11 3 10 29 8 11 9 10 6 113% May 112% May 8 110% May 26 28 n. y. stock Sales in May Value 11 BONDS 26,000 1952 M S Bid Panhandle Eastern Pipe L 4s A Paramount Broadway Corp— F A J J A O J D J J 1st mtge s f g 3s loan ctfs__, .1955 F A Paramount Pictures Inc— 36,000 Sinking fund debenture 6s - _ 1955 J J 86,000 3 Ms conv debenture—- ---- .1947 M S 73,000 f Paris-Orleans RR Ext s f 5 Ms ■1968 M S 9,000 29,000 Parmelee Trans conv deb 6s— 1944 A O 2,000 Paterson & Passaic G & E 5s 1949 M S APaulista Pennsylvania Co— 7,000 Guar 3Ms coll tr ctfs sot B...1941 1,000 Guar g 3 Ms tr ctfs ser C 1942 2,000 Guar g 3M® tr ctfs ser D-----1944 55,000 40-year guar tr ctfs 4s ser E--I952 315,000 28-year 4s -— 1963 128,000 Penn Dixie Cement 1st 6s A 1941 14.000 Penn Glass Sand 1st mtge 4 Ms-1960 Penn Ohio & Detroit 14,000 1,000 422,000 11,000 114,000 51,000 125,000 96,000 526,000 112,000 319,000 151,000 120,000 294,000 12,000 28,000 44,000 3,000 9,000 74,000 20,000 73,000 657,000 19,000 3,000 7,000 12,000 527,000 152,000 95,000 119,000 118,000 389,000 1,000 15,000 Ask Sale 67 63 108 93 Sale 108x4 109 101m 105 m Sale" 57 m F A J D J D 122 —— 61M 99% 102 100 M 99 ioom MN 98 m Sale F A M S 99 m Sale J D A O J A O RR—, gold 4%s series A..-1977 4%s series B --1981 Penn Pow & Lt 1st M 4 Ms 1981 Penn RR consol gold 4s 1943 Consol gold 4s 1948 Stamped dollar bonds 1948 Gen mtge 3 Ms series C------1970 Consol 4Ms issue of 1915—-1960 General 4Ms series A—-----1965 1st <Sc ref Sale 99 M Sale 88 M Sale 100% Sale 49 50 m 1942 M S Ry 1st & ref 7s ser A_ May 1 1939 1938 1938 1966 1966 1955 94 91m 106% 107m 93 m Sale MN 105% Sale 107 m Sale 110% Sale AfN A O 110 88 Sale Sale 115m Sale Sale --1968 1970 General 5s series B Sale M Sale 92% Sale Debenture gold 4mb General 4%s series DGen mtge 4 Ms series E -1981 93 Sale 82 1§84 Conv deb 3 Ms Sale 1952 116% Peoples Gas & Coke 1st 6s __—1943 Sale" Refunding gold 5s— 1947 M 5 113% 56% Sale Peoria & East 1st cons 4s 1940 A O 6M Alncome 4s (flat) ----.---1990 Apr Peoria & Pekin Un 1st 5%s A—1974 F A 103 m Sale" J Pere Marquette 1st 5s series A-.1956 J Sale 1st 4s series B 1956 J J Sale 1st g 4 Ms series O - — - - -—1980 M S Sale 115 Phelps Dodge conv 3 Ms deb. - -1952 J D 108 m Phila Bait & Wash 1st g 4s 1943 M N\ 108 General 5s series B__-_ 1974 F General g 4 Ms series O General 4%s series D-- 1977 J J 1981 1967 J J D Phila Co secured gold 5s Phila Electric 1st & ref 3 M| 1967 A D M S 98 m Sale 110m 110m J 13 m Sale Sale J 3% 13 m Sale M S 112m Sale 93% Sale J 10,000 P C C & St L g 4Ms series A—1940 5,000 Con 4Ms series B guar g 1942 1,000 Con 4 Ms series C guar g 1942 Con 4s series D guar g 3,000 1945 Con 3 Ms series E guar g 1949 Con 4s series F guar g 1953 Con 4s series G guar g 1957 Con 4s series H guar g --i960 Con 4Ms series I g 53,000 1963 Con 4Ms series J guar 1,000 1964 Gen guar 5s series A 39,000 1970 General g 5s series B 144,000 1975 General 4Ms series C_.—1977 76,000 Pitts Va & Char 1st guar 4S-- --1943 1*0",600 Pitts & West Va 1st 4Ms ser A-1953 1st mtge 4Ms series B 12,000 1959 1st mtge 4%s series C 37,000 1950 Pitts Y & Ash 1st gen 4s ser A_-i94g 1st gen 5s series B 1962 A O A O 1st gen 5s series C 1st 4%s series D 107 m 108 m 105 m 110 103 104 m M S tAPhila & Read C & I ref 5s—1973 AConvertible deb 6s__—----1949 1 * APhilippine Ry 1st 30-yr s f 4s -1937 Phillips Petroleum conv 3s 1948 Pirelli Co (Italy) conv 7s - - - - - -1952 Pitts Coke & Iron conv 4Ms A--1952 J 89m MN M S 37,000 list con & coll tr 4s series Rochester Gas & El 4 Ms ser A Ruhr Chemical 6s 92 117m 117m 118m 99 m 97 m Sale 106 m 104m Sale 84 m Sale 83 96 93 m Sale 96 m 94 m 93 m 82 M 78 m Sale 115m 116m 116 114m 115m 115 52 49 42 m 4 3m Sale 105 Sale 120 Sale Sale Sale Sale Sale Sale 117 117 Sale 5 106 m 64 « 64 m 63 57 53m "55" 59m liom Sale 109 109 m 110m 114m 105 107 m . 60 110M, Sale 109m110 113 105 106 101m 110m 11M 3m 7m 107 m Sale 114m 106m 107 106m 107 104 % Sale Sale 112 Sale Sale 12 Sale 89 90 Sale 3m Sale 9 Sale Sale 109 M Sale 3M 89 m 91M Sale 99 m Sale 103 105 112 113 107 m 107 115 MN 111 112m 102 m 102 m Sale F J D A O 92 m J Sale 94 M 107 m MN 107m 116m 114m 117m 102 M 103 m 105 m Salei 103 m Sale 105m Sale 95 107 m 35 97 Sale May 25 99% 4 102 2 87% May 23 82% May 9 98% 1 102 45 May 2 56 May 31 May 16 125% May 29 123% 101M May May May 45 95m May 8 97 % 95m May 26 95% 104 m May 1 105% 108 m May 23 109 3 112% 110m May May in* 89 86 May 117 May 118% 97 m May 99% 104 May 106% 81M May 23 85 93m May 97 95 m May May 82% 116% May 116% May May 17 52 3% 1 3m May 106 May 23 106% 59 May 19 64% 52 May 23 52% 54 May 25 59% 108 m May 17 112 108 m May 12 109% 112m May 25 113 106 May 5 107 105 m May 13 107 1 105 101m May 110m May 1 H2% 12% 10m May 22 2 3% 3m May 10% 1 7m May 107 May 2 110% 95 May 22 95 92 90 May 1 _ ill s 48^ 105 M May 108 H May 1 1 108H May 10 108^ May 13 May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May 27 26 29 12 11 19 25 29 17 31 10 25 29 10 3 22 31 1 1 10 24 10 4 101% 101% 99% 98% 98% 93 Jan. Mar. Apr. Jan. Jan. Jan. 67 m 25 103 Apr. 19 103% May 5 103% May 4 100 Feb. 2 107% Jan. Jan. 110 Jan. 109% 84% 115% 95% 103% 79 90% 89% 74% 115% 112% Jan. Apr. Jan. Jan. Jan. 3 Jan. May 3% Apr. 103% Jan. 59 May 52 May 54 May 33 11m "2M 4 109 5 113 6 8 90 3 119 6 100 Mar. 30 Mar. 9 Mar. 10 Mar. 11 Mar. 9 Mar. 9 Mar. 6 Mar. 15 Mar. 25 Mar. 25 Mar. 11 Mar. 11 27 116% May 22 17 58% Mar. 11 10 6 6% Jan. 4 106% Apr. 14 Mar. 11 76 19 23 Mar. 16 25 Mar. 11 Jan. 3 Jan. 4' 110 Mar. 21 Jan. 18 113 May 17 Feb. 20 109% Mar. 31 Mar. 18 107 105 May 25 Jan. Jan. Apr. Apr. 112% May 19 Jan. 5 Jan. 3 5 112% Jan. 95 May 22 6 94% Feb. Mar. Apr. 104% Jan. 106 Jan. 4 14 Apr. Apr. 109 27 14 Jan. 105% Mar. 16 108% Feb. 20 108% Apr. 26 109 May 16 106% Jan. 12 Jan. 108% May Jan. 105 105 116 May 10 116% May 17 116^ May 20 116% May 20 102% May 3 103% May 31 102% May 3 105% May 26 97 95 May 31 May 1 Jan. 4 107% Apr. 28 Feb. 25 107% Apr. 28 112 Jan. 25 116% Mar. 17 30 116% Mar. 8 4 107% Mar. 21 112% Jan. 102% Jan. 101% Jan. 93% Jan. 23 106% Mar. 14 4 98% Mar. 13 18 107% Mar. 8 37 Apr. 29 51% Mar. 15 3 37 May 51% Mar. 15 Mar. 15 35% May 26 52 Mar. 23 106 Jan. 31 104 40 39 36m 38 May 12 37 May 3 35% May 26 39% May 9 May 4 39% May 10 38 110 Sale 98 m 72 M 106 44 37 40 m Sale 15m 109 m 73 m 79m Sale 4m 42 96 m 16 98% Mar. 10 95% May 26 27 106% Jan. 5 106% Mar. 31 ,115 107 28 3 18 26 107% Apr. 10 90% Apr. 11 96% Apr. 10 97 Apr. 11 90% Apr. 24 117% 48 2 9 29 103% May 27 103% May 9 106% Feb. 35m ! 106 m 33 109 3 17 3 105% May 17 108% May 25 108% May 10 May 16 Jan. Jan. 104% Jan. 107% Jan. 10 22 22 26 19 57% Jan. Jan. Jan. 93% Jan. 93 Mar. Mar. May May May 102 Mar. 8 89 Jan. 20 102% Mar. 4 58 Feb. 27 125% May 31 61 Mar. 7 Jan. Apr. Jan. 105% Feb. 8 108 17 108% 25 104 7 104 25 98% 19 109% 12 10% 3 18 7 13 26 106 22 89% 90 5 105 98m Sale Sale 35 35m 40 39 m 102 M 99 May 15 9 107 m 108 40 106 ioim 52% May 106% Jan. 51 51 May 15 107 m 107 m 95 49 44 D 45m 44 J Sale 108 105 m Sale 40 101 Sale May May 37 May 46 m 36% May Sale 11% May 109 May "78" 72 May 2 May 3m 42 May Sale 96% May 107 Sale 106 72% May 31 1 25 106% May 18 May 29 2 44 3 41% May 29 16% May 29 1 4 1 109% May May 23 23 72 May 6 17 May 12 12 May 24 1 101 J* 5 75% Feb. 10 107 Apr. 20 44 35 Apr. 20 41% 10% Apr. 10 16% 108% Jan. 12 109% 72 May 23 88 2 4 Apr. 22 Feb. 11 40 49% 95% Apr. 12 101 58% Jan. Mar. 1 106 Mar. 27 34 May 29 May 29 Feb. 24 Jan. 18 Mar. 14 Jan. 6 Jan. 3 May 24 D J D 74 m A O J J 55 m 71 J J M S 70 102 m Sale Sale Sale 55 56 m 74 m 73 m Sale Sale 100M 59 64 58 59 73 m Sale 70 74 m 103 m Sale Sale 60 Sale 74 Sale 64% 56% May 58 56% May 69 May 17 74% 73 May 27 74% 100% May/ 1 103% May 31 May 29 May 3 May 3 May 26 Apr. Apr. Apr. 69% Apr. 99 Apr. 55 54 68 11 79 10 61 % 10 80 11 80 11 104 Jan. 18 Mar. 10 Mar. 9 Mar. 10 Feb. 25 MN A 93 Sale 88 H M N 107 Sale 105 H M N 94 Sale 99 m Sale 88 m 94 F J J J J 50 Sale J J 21M Sale M1V 26 m M N F A A m O J 30M 30 Sale M S J 30 29 m 103 h 13 m 104 m 20 M 39 M S ,41m 19m "55~" Sale 122 M 108 M MS 12 23 m 24 m 23 m 23 m 24 m 24 m 105 m 104 m 4!^ 32 106 "16 M 27 30 27 24 24 m 24 24 m 23% 23% 24 105m 104 m 4^ 24 m 23% 106 M 105% 16m Sale 123 m 109m Sale" 104 m 108 M May May May May May 15 15 15 25 11 16 m *33 m "33" May 15 27% 24% May 8 24% May 9 24%' May 4 May 2 106% Sale 43 32 May 13 May 26 16% May 5 43 May 13 34% May 4 17% May 2 104% May 31 109% May 1 14 94% Mar. 14 12 107% May 11 94% Jan. 18 21% Jan. Jan. 26 22 21 43 32 28 Apr. 18 28 4 27% May Apr. 11 107% Feb. 27 105% Apr. 10 13% 46 May 44 May 11 15% Jan. 26 Mar. Jan. 23 23% 23% 100% 103% 10% 26 9 27 101 % Mar. 13 8 51 Jan. 10 20 Jan. Jan. Jan. Jan. 7 12 14 14 4 19 Mar. 28 Jan. 17 Mar. 13 Jan. 7 Jan. 5 Sale 104% May 31 111% Jan. 17 7 108 M S 27 85% Apr. 102% Apr. 85% Apr. 95 Apr. 37 May 18% Apr. 122 M 110M Sale M S 18 91 Sale 91 May 9 88% May Sale 106 107% May 26 Sale 106M 105% May 91% May 15 91m Sale 89% May 91m 98 95 97 m 96 May 19 99 m May 37 37 37 50 50 May 8 May 21M 22 M 20% May 16 20% May 16 23 Sale 5% 7% 5 J J 5 5 Sale 6 1947 36,000 Safeway Stores s f deb 4s 84,000 Saguenay Pow Ltd 1st M 4 Ms.-1966 2,000 St Jos & Grand Island 1st g 4s__1947 St Lawr & Adirondack 1st g 5s__1996 2d gold 6s.. 1996 J D 105 Sale A O 106 105 m 105 m J J J J A O Sale 106% _ 6 9 9 30 7m 35 O J 109 m Sale A A D 1948 A 30. 89 Sale FA F J - For footnotes, see page 98 Sale 108 m MN M N 50 - 110 him 111m 112m 110M 112 111m h3m t ARutland-Canadian 4s stpd_ -1949 J 6,000 jiRutland RR 1st cons g 4Ms_1941 J a4ms stamped 1941 J 35,000 33",660 97 m 96 m 108 m 106 m 62 m Sale Prices 67 Jan. 3 83 May 22 65% Jan. 16 72 May 9 May 22 107% Mar. 25 110 Feb. 20 110% May 26 Feb. 23 101 % May 19 Mar. 31 105% May 1 —- 104m Sale" 105 86 Sale Prices May 2 73% May 9 70 May 3 110 May 1 110% May 19 101% May 31 105% 102 m May Sale May 13 1 103 9 9 103% May 104m 103 m May 103 May 24 103% May 29 101 103m 104 May 2 103% May 27 100 m May 102 M Sale 9 1 103% May 95 m May 99 M Sale May 22 4 100 106 3 May 5 106% May 106 103m 108m 108m A..1949 D__1977 M S 1962 1967 1967 20,000 *1iRock Is Ark & Louis 1st 4 Ms 1934 Sale Highest 103 103 102 m Sale 102 m 100M 100 102 100 m Sale 94 m 96 103m 106m Sale J Gen mtge 5s series E Gen mtge 3 Ms series H_ Gen mtge 3 Ms series 1 101M 101m 102 70 108 m 109 m 101m 104m 84 87 m Sale 82 M 86 100 M Sale 100»«il01M 100 M 50 56 Sale 51 Sale 125 126 124 125m 125 45 68 42 62 108 h 95 - 171",000 54m Lowest Sale Prices Sale Prices 69 52 54m 105 m 586,000 Portland General Electric 4MS--1960 M S J J 105 m 107 1st 5s extended to 1950—-— 3,000 Sale 42 J 32,000 Porto Rican Am Tobac conv 6s. 1942 39 m Sale J 6s stamped 28,000 - - -—-,----1942 15m Sale J 1 * APostal Teleg & Cable coll 5s. 1953 2,273,000 J 108 m Sale 18,000 Potomac Elec Power 1st M 3 Ms-1966 82 J 1951 2,000 Pressed Steel Car deb 5s 4M 9,000 1 AProvidence Secur deb 4s gu—1957 M N "3m 49 m Sale 1,000 I AProvidence Terminal 1st 4s—1956 M S 97 m Sale J J 122,000 Purity Bakeries Corp s f g 5s_- _i94g 1950 14,000 ARhine-West Elec Power 7s ADirect mortgage gold 6s 1952 15,000 ACons mtge 6s 1953 9,000 acous mtge 6s 1955 4,000 1952 95,000 Richfield Oil 4s conv debRichmond Term Ry 1st guar 53-1952 A Rim a Steel s f 7s 1955 1,000 t ARio Grande June 1st guar 5s -1939 30,000 tiRio Grande Western 1st g 4s_l§39 50 Sale 59 *iDebenture gold 6s . 1941 22,000 5,000 Read Co Jersey Cen coll g 4s—1951 Gen & ref 4Ms series A --1997 220,000 Gen & ref 4 Ms series B --1997 3,000 144,000 Remington Rand deb 4Ms w W-1956 Rensselaer & Saratoga 1st gu 6s. 1941 153,660 Republic Steel Corp 4Ms ser B--1961 Purch money 1st 5Ms conv. _ 1954 137,000 Gen mtge 4 Ms series C 1956 71,000 40,000 Revere Copper & Brass 1st 4M®-l956 -1946 5,000 ARheinelbe Union s f g 7s 1953 1,000 ARhine-Ruhr Wat Serv 6s Ask "75" 110m Sale 101m 104m Sale 109m Sale 101M 105 m Sale 105 m --1974 —1977 X ARadio-Keith-Orph pt pd ctfs for deb 6s & com stk (65% pd) ' Ask Bid 64 64 70 68 75 108 m 109 m 109 m Bid 104 m 108 106 108 m 106 m 105 103 m 103 MN\ 1 Highest I Lowest May 31 94 J MN RANGE SINCE JAN. PRICES IN MAY Price Jan. 3 n. t. stock exchange $ 6,000 * APacific RR of Mo 1st ext 4s. 1,000 *i2d extended gold 5s 26,000 Pacific Tel & Tel 3 %s series B. 37,000 Ref mtge 3 %s series C. 1,000 Paducah & Illinois 1st s f 4%s_ exch \j5ige—bonds 26 7 7M 6m 7 6 4M Sale Sale 107 m 93 % 88% 10 93 m 90 106 H 106 m 107 % 60 9 May 12 8 May 12 May 24 May 13 May 9 Sale Sale 85 89 8 e8 105% May 1 106% May 17 105% May 5 106% May 15 107% May 11 107% May 11 Apr. Feb. 26 13% Jan. 26 2 6% May 8 8 May 24 6% May 6 30 Sale 18 26 4 Jan. 26 8 5% Jan. 4% Jan. 25 17 8 8 104 % Jan . 105% Jan. 106% Jan. 8 18 May 12 May 24 May 13 Feb. 4 106% May 17 Mar. 9 17 107 26 107% May 11 June, 1939] N. Y. STOCK Sales in BONDS May Value 65,000 6,000 33,000 1,000 2,000 1,000 24,000 64 41 63 Sale 13 Sale 57 55 J 13% Sale 13 m Sale -1950 J ACertificates of deposit APrior lien 5s series b__ J 14 ACertificates of deposit ACon m4^sseries a__ -1978 M S ACertificates of deposit stamped - - .1989 m2v A2d gold 4s income bond Nov 1989 *Alst terminal & unif 5s 1952 AGen & ref 5s series a 1990 St Paul & Duluth 1st consol 4s_>1968 tiSt Paul e Grand Trunk 4%s._1947 t ASt Paul & j j J j j J J j k c Short l gu 4%s 1941 F a , <■ 8,000 2,000 3,000 UPacific Ext sterling guar 4s_ 1940 j St Paul Union Depot 1st 5s guar. 1972 J _ 128,000 7,000 173,000 119,000 4,000 J j San Ant & Aran Pass 1st j guar 4s_ 1943 J San Antonio Pub Serv 4s 1963 A o San Diego Cons g & e 4s 1965 mn Santa Fe Prescott & Phoenix 1st 5s'42 m 5 t ASchulco Co guar 6%s 1946 j j AStamped AGuar. sinking fund 6%sB_-_l 946 a AStamped £ Scio Vail & n e 1st guar g 4s 10,000 *X ASeaboardAir Line 1st g 4s 79,000 4,000 * f Sale 17 m 21 11 9% 16% 4% Sale 10m 19 Sale A 1952 j D 1951 m s 1946 f A 4m A* 104% Sale 54 61 97 m 96 m 98 m 50 16m 16m 25 25 10 9 2m - Sale 4m 3m 4 5 % Sale 5 12 Sale 17 2m Sale 1963 o 1961 M s 4s stamped 55 m 54 d Sale 107 % 106 m 109 m Sale Sale 101M 90 m 91m 100 5s 6m 5m 13 m Sale Sale Sale 2% 2% 2}4 May 1 102 m Sale 58 % 54 m Sale Sale Sale 43 m 45 m Mn 54 % 55 j 83 60 71 Sale Sale 103% 45 Sale Sale 45% Sale Sale Sale 44 Sale Sale 41 Sale Sale 52 m Sale Sale 84 m Sale Sale 59 Sale 43% 43% 54% 83% 63% Sale Sale 56 85 Sale Sale 83 Sale Sale 80 m 46 m Sale 59 Sale 53 Sale 73 m 75 m 70 Sale 61m Sale 67 Sale Sale 63 71% Sale 78 60 1956 1996 1951 65 1964 111% 104 m 107 % 14 66 m 103 Sale deb 6s__1945 113.000 Swift & Co 1st m 3 ms 83 m 1950 mn J 9,000 Tenn Coal Iron & rr gen 5s --1951 J Tenn Copper & Chem— Conv den 6s series b 13,000 1944 m s 393.000 Tenn Elec Pow 1st 6s series a._ 1947 J d 1,000 Term rr Assn of St l 1st g 4 Ms First cons g 5s 12,000 Gen ref s f gold 4s 142,000 54,000 Texarkana &fsry5%sA guar 522,000 Texas Corp deb 3%s Texas & n o cons g 5s 1939 a 1944 f 1943 j Texas & Pacific 1st g 5s 2000 J Gen ref 5s ser b 36,000 1977 A Gen & ref 5s series o 51,000 1979 A Gen & ref 5s ser d 18,000 19s0 j 17,000 Tex Pac—Mo Pac Term 5Ms a-1964 m s j 1960 J 240,000 Third Ave 1st ref 4s AAdjustment income 5s__Jan 1960 A o 1,045.000 J 1937 j 68,000 *AThird Ave rr 1st gold 5s 110% Sale 108% Sale 109m 107% 108% 11% 14% 14% 15% 105 105% 105 m Sale 105% Sale 103% 103 m 105% Sale 106% 126m 129 127 102 m 102 m 96 m Sale 102 % 102 Sale Sale 91% 115% 116 84 m 85" 84 m 89 84 Sale 97 Sale Sale Sale 88 m Sale 106% 108 26 85 73 108% 108% 109 10% 108 115 9m 116% 107 Sale s 114 Sale Sale 96 96 m Sale 108 m 109 m 83% Sale Jan. Jan. 6H Jan. 10% Jan. jl 17 Jan. 8 5 Jan. 5 Jan. 20 8 17 27 11 83% May 31 54% May 31 68 May 31 71% May 31 106% Jan. 106 Jan. 108% Apr. 100 Apr. 90% Jan. 101 Jan. 40 May 40% May 39 May 37% May 37% May 51 May 82 May 55% Apr. 77 27 9 27 11 25 9 11 27 31 3 3 9 May 12 62 15 27 18 8 18 26 17 Feb. 75% Jan. 7 22% May 29 82 Mar. 8 99% Mar. 11 105 Feb. 9 107% Feb. 1 117% Mar. 3 24 110 3 108 May 20 Feb. 3 10 110% Feb. 3 11 104% May 27 4 95 Mar. 9 3 104% Mar. 17 17 17 17 17 16 7 58% Mar. 10 61% Mar. 9 57% Mar. 10 57% Mar. 9 57% Mar. 9 68 Mar. 10 Mar. 11 22 93 11 72% Mar. 10 11 58 11 Jan. 24 57 . 20 21 106 Apr. Apr. Apr. Apr. 44 7 9 3 Jan. 8 20 82 81% 100% 46% i?* 98 10% 11417«ill4243i 114% 108 m 107% Sale 112% Sale 114% 109 107% Sale 112% 113% 111 97 107% May May May May May May May May May 20 4 5 10 22 10 5 10 8 1 gig Mar. 11 Mar. 9 76% Mar. 80% Mar. 9 9 80 74 Mar. 17 4 Mar. 10 5 112% Feb. 20 60% May 110 Apr. 104% Jan. 27 109 May 106% Jan. 26 109% May 18% Mar. Apr. 10 Jan. 14 105% May 8 106% Jan. Apr. Jan. 3 105% May 68 86 Mar. Apr. 11 105% May 25 107% Jan. iSSjJ Sale 27 11 14 9 10 27 4 6 Mar. 31 127% May 23 103 Jan. 79 Jan. 90 55% May 11 May 31 53 85 58 61% May 31 103% May 29 101 Feb. 6 102% Feb. 14 115% Mar. 14 31 108% May 31 24 95 Mar. 10 Apr. Apr. Apr. Apr. Jan. Apr. Jan. 87% Jan. 53% May 1 87 May 19 76% May 24 74% May Sale 108 Sale 10% 114% 107% 112% 107% Sale Sale Sale Sale Sale 99% Sale 96% 96% 99% 107% Sale 108% Sale 74 125 15 29 105 125% 126% 125% May 10 125% May 10 105% 106% 105 May 4. 106% May 24 24% 25 24% 30 May 17 25 May 17 20 s 4 2% Apr. 99% 72 o o o Sale Sale Sale 116^ Feb. 19% Mar. 17% Jan. Feb. May Apr. May May May 5% Apr. 5 Apr. 12 Apr. w May May May May May May 20 32% May 24 116% 10% 8% 2% 3% 2% May 12 103% Feb. May Jan. 9j 55 23 118% Mar. 9 89 Mar. 14 89 89 Mar. 14 Mar. 14 100% Mar. 46% Mar. Feb. 13; 98 May 107% May Mar. 15 29 Sale 72 May May May May May May 111 May 97 May 96% May 107 May 71% May 6 24 31 9 1 1 1 31 1 2 2 23 76 109% 10% 114% 108% 114% 109 112% 99% 99% 108% 72 May May May May May May May May May May May May 2 Jan. 6 Feb. 1 60% Feb. 17 90% Mar. 15 54% Jan. 4 65% Mar. 98 90 61 % 123% 104 54% Sale Sale a A 90 96 m m a Sale 23% Sale mn 85% 27 112% Sale ■M ----- 109 Jan. 11 25 23 14 16 57 J 30 11 25 10 57 j Apr. Apr. 18 27 113% 78% 78% 79% 96% 37% 7% 53 m 298,000 Union Pac rr 1st & land gr g 4s.1947 203,000 First & refunding 4s June 2008 20,000 1st lien & ref 5s June 2008 389,000 34-year 3Ms debenture-1970 321,000 35-year 3 Ms debenture 1971 36,000 United BiscuitfAmer) deb 5s—1950 8,000 United Cigar-Whelan Stores 5s_1952 Feb. 21 118 82 54 11.000 Ujigawa Elec Power sec 7s 1945 m s J 105,000 Union Electric (Mo) 3 ms 1962 j O 6,000 *t AUnion Elev Ry Chic 1st 5s.-1945 a 28,000 Union Oil Cal 30-yr 6s ser a May *42 j 120.000 3 Ms debentures 1952 Feb. 104% May 23 108% Jan. 100 101%, -/\6 sp Sale Sale a 9 9 101% Feb. 21 94% Jan. 26 101*n May 25 113% Jan. 26 55 m 88 m 1952 F Jan. 12 Mar. 4 Jan. 5 Mar. 24 Apr. 6 Jan. 4 103% May 29 100% May 6 101%, May 25 115 May 23 108% May 31 87 May 31 107% May 2 1950 A o 18,000 Tol St l & West 1st g 4s Tol w Va & Ohio 1st guar 4s c--1942 m s Tor Ham & Buff 1st 4s 1966 J D 5,000 Trenton Gas & Elec 1st 5s 1949 m s . 128% 126 Mar. May 100 May 101%, May 114% 115" il5~" 114% May Sale 106% 107 106% May Sale 83% 87 83 May 107% Sale 105% Sale 104% May 85 84% 118"" Sale 114% May 114% Sale 80 78% 80 81% 82% May 79% 80% 81% 86% 80% May 88 78% 86% 79% May 102 99% 100% 100 May Sale 43 43 » Sale 42 May 9 Sale Sale 9 May 93% Sale 97% 93 May Sale 106% Sale 105 May Sale 101 106 m 96 m 105% Sale 65 35% 23% 15% 87% 6% 9 127% May 23 120,000 Tide Water Assoc Oil deb 3 %s-_1952 J j Tokyo Electric Light (Ltd)— 1st m 6s $ series June 15 1953 J d 135,000 17,000 Tol & Ohio Cent ref & imp 3 Ms. 1960 J d 123% 124m 108M 110 Sale 13% Jan. 4 66% May 112% May 109 May 109% May 16 May 105% May 106% May 105% May 81 May 107% May 103% 103% 102 80 Jan. Jan. 14 May 90 Sale j 3,000 Tri-Cont'l Corp conv deb 4s ser a '53 J ATyrol Hydro-Elec Power 7 %s. 1955 mn 2 111% May May 107% May 13% May 105 May 104% May 103% May 76 May 105% May 75 14 68% Jan. 107 May 112% Jan. 110% Mar. i9% Feb. 20 Feb. Apr. 15% Feb. 25 Jan. 118 109 25 14 13% Jan. 14% Jan. 98% Jan. Feb. 15 Jan. 5 17% Jan. 4 62% Mar. 24 20! 57 106 125 84 Sale 110 6 64 2% May 106 60% May 107 m III" May 9 May 27 May 1 May 4 May 4, May 25 5% May 3' 12 May 20 16% 10% 2% 4% 3% 6% 8 May 114% May 50 Apr. 105% Apr. 72 107 107 % 91",000 80% May 45% May 61% May 65 May 125 80 1951 J Sale 96 1 77 Sale 113m 104 m 1953 J 1950 f Sale 22 12 11 27 17 23 10 26 2 24 May 117 May 54%. May 107 May 111% May 109 May 19 May 18 May 25 May 32% May 22 68% 65 Sale 109 105 m 97 27 64 65 55% 106 104 m 105 54% Jan. May 16 Apr. 8% Apr. 87 May 3% May 3% Apr. 78 Sale 1953 11 4 29 29 19 24 6 65% Jan. 2% May 55 X May 60 Sale 1961 15-year 2 ms debs 64 m 78 111 15 28 10 13 10 19 24 May May May 10 May 87 May 3% May 5% May 30 17 20 "68m 41 62 71m Sale 42 Sale 84% J 58 10 19 10 17 11 8 102% May 104% May 25 40 May 17 45% May 31 40% May 17 46% May 31 39 May 17 44% May 31 37% May 17 43% May 31 37% May 17 43% May 31 51 May 16 .55% May 29 82 May 22 9 86% May 58% May 2 64 May 15 Sale 56 mn 55 m 63 m 22 m Apr. May Apr. May Apr. Apr. 107% May 2 110 106% May 1(108 109% May 51110 102% May 2 104% 92% May 31 94% 101 Staley (a e) Mfg 1st mtge 4s. -.1946 4 1956 Standard Oil n j deb 3s_ 30. 3 4% 3 19 16 26 3 27 19 1 20 7% 7% 7% 7% 7% 7% 107 m 108 m 109 m 109% 106 m Sale 107 107% 109 109% 108% 109% 102 m 103 104% Sale 93 m Sale 92% Sale O 1994 page 2m 3% 10j4 May 9 May 2h May 3 % May 2% May 5j| May 5 May 12 May Apr. 8 51% Apr. 11 12% Mar. 31 52% Apr. 10 96 m Sale 98 Sale 103 m 103 m 104 m Sale Sale 102"m Sale 115 113% d 1968 s'western Gas & Elec 4s ser d..1960 MN tiSpokane Internat 1st g 5s_..1955 J J see TA \%h 1956 Devel & gen 4s series a Devel & gen 6s series a Devel & gen 6 ms series a Memphis Div 1st g 5s St. Louis Div 1st g 4s t.om) 79,000 Southw Bell Td 3 Ms series b 1st & ref 3s series c 191,000 808,000 218.000 193,000 For footnotes i 106 j M 8 71 60 Sale Prices 52 58 Apr. 5 May 22% May 29 20 Apr. May 25 69 May H 59 Apr. 1 98 96% May May 10 91 Apr. 5 104% May 31 103% May 102% Mar. 1022#siMay 26 .106% May 1 10228nMay 116 5i 116 May May 5 ll5 Jan. a M 8 60 1955 f 7s 10 1 1 10 29 23 26 4 2 11 o 18% 111m 1962 a __ sec s 96 2m 4m 2m 2ys May VA 105 Sale 105m Sale 105 May 69 Sale J AGuaranteed 3 10 19 29 19 24 18 115 16% 10 16 17 19 20 May May May 10 May 87 May 3m May 5 May 27 May Sale 116m 117 114m May Sale 50 m Sale 50 May 106 m May 106% 106% 107 111m 111 112m 111 May 110 109 108m 110 May 21 17 19 17 May 17 18 17 17% May 25 30 30 25 May 29 25 30 27 m May 3 % 77 Sale 1st mtge pipe line 4%s_ 126,000 1951 223,000 Sou Pac Co 4s Cent Pac coll Aug *49 1st 4ms (Oregon Lines) ser a.1977 705,000 Gold 4mb 511,000 1968 Gold 4 ms 1,398,000 May 1 1969 Gold 4 Ms 1,220,000 1981 329,000 10-year secured 3 ms 1946 San Francisco Term 1st 4s. 74,000 1950 582,000 South Pac rr 1st ref guar 4s.--1955 1,000 10m 96 m 79 m 98 m 103 m A conv 9 _ 5m Sale 23 106 % 1965 f Corp 16 5m 5m 74 1951 1st mtge & ref 4s cons 57 7m Sale 114% 9% May 31 9% May 13 9 May 31 8% May 25 9% May 29 9 May 31 May 7m May 8 May 7m May 27 18 11m - 7m May 23 7m May 19 8 Sale 3% 5m 21m 3%s_1950 5s 1 Highest Sale Prices 60% May 25 56% May 24 13% May 12 58 May 17 Sale Sale 17 76 1941 1952 Southern Colorado Pow 1st g 6s. 1947 j Southern Kraft Corp 4ms -.-1946 J Southern Natural Gas— Ry 1st 10 Sale Prices May 2 56 m May 24 13 May 56 May 9 58 m Sale 115 Sale 3m Sale 7% Sale 6m Sale 8 25 108 m 17 % 16 m Sale■ Prices 54 9m 8m 17 108 116 Sale Sale Sale 30 111H Sale" 110 Sale 8m 8m 8m 15m 7% 111 32 o 64 Sale 27 105m 27 m 1951 M s Southern Bell Tel & Tel 3%s Southern Calif Gas 4%s 102.000 Studebaker 63 63 13 m 56 m 7m 8m 8m Sale 7m 8m Sale 7% Sale 58 m Sale Lowest Highest 1935 24,000 Shinyetsu el Pow 1st 6%s ASiemens & Halske deb 6 %s "2",000 ASilesia Elec Corp 6%s 11,000 Silesian Am Corp coll tr g7s gu 115m 115m o o ^ 2,000 South & Nor Ala 100 o Alst & 106,000 Simmons Co conv deb 4s 20,000 Skelly Oil debenture 4s 190,000 H3ocony-Vacuum Oil deb 98 Sale 27% ACertificates of deposit Series b 8m 22 % 30 a 8 60 m 54 55 87 "6% "14"" 18 29 Oct 1949 f 1959 a ACertificates of deposit236,000 Shell Union Oil deb 3%s 24,000 25,000 21,000 254,000 277,000 61m Sale 35m Sale 23 % Sale 14 % Sale 16m 1950 A AStamped 4s AAdjustment 5s * ARefunding g 4s Southern Sale J 1989 m N 1950 A O 12.000 37l"666 Sale Sale J cons 6s series a 1945 m s ACertificates of deposit t* AAtl-Birm Div 1st g 4s May 1933 m s tSeaboard-all Fla 1st 6s a --1935 ACertificates of deposit f A 87,000 55,000 86,000 42,000 73,000 159,000 13 % Sale d J St Paul Minn & Manitoba— 39,000 45,000 103,000 51,000 20,000 2,000 5,000 54 m J 51% Lowest Ask Ask Bid 16 1950 j g 4s. Bid Sale 1948 j APrior lien 4s series a_ t ASt Louis Southwest 1st Ask May 31 63 m stamped--1955 J j ASt Louis-San Francisco ry— 208,000 158,000 144,000 94,000 246,000 145,000 May 1 1939 1933 AfN J RANGE SINCE JAN. Jan. 3 Bid St Louis Iron Mtn & South— a*River & Gulf Div 1st g 4s ACertificates of deposit 21,000 1 ASt l Peo & n w 1st 5s 12,000 St l Rky m & Pac 5s 81,000 1,000 PRICES IN MA Y Price II N. T. STOCK EXCHANGE 29 EXCHANGE-BONDS 7 100 Feb. 3 6 12 ill 3l| 71% 106% 9% 114% 106% 111% 104% Mar. Mar. 85 Apr. 110 Jan. 13 May Apr. Jan. Apr. 94 Apr. 27 93 Apr. 31 107 4 9 27 123% Mar. 4 125% May 10 104% Apr. 26 109 Jan. 31 20 Feb. 15 23% Feb. 24 25 Jan. May 17 26 9 110 10 Feb. May 71% May Jan. 21 Mar. 13 Feb. 116% Jan. 109% Jan. 114% May 109 May 116% Feb. 99% Mar. 99% May 109% Jan. 83% Jan. 7 17 7 27 24 20 8 27 24 3 STOCK EXCHANGE—BONDS T. N. .-to 5a Sales in BONDS May N. Y. STOCK EXCHANGE Value M S M 8 _ D Sale 105 % 105 M Sale 38 36 ' 38M 105% 49% 49 m 49m 88 m Sale 94 m 66 66 Sale Ol 98 Sale — J J A O Sale 40% 62 106 % 69,000 J*AWabash RR 1st gold 5s M N| 49 81,000| F A 28 1939 *ASecond gold 5s._ .1939 Alst lien 50-year gold term 4s 1954 ADet & Chi ext 1st g 5s ..1941 *ADes Moines Div 1st g 4s AOmaha Div 1st g 3 Ms , O 91% 13% Sale A 13. A O A O J D A O 12 m Sale ;06m 107% 66 % Sale 76 84 45 m 1st 40-year guar 4s 1,000 . Wash Wat Pow 1st ref 5s 1948 QM F A i06m 1945 A 1945 J 101% .1939 17,000 Westchester Light gold 5s 1950 J\ 80,000 Gen mtge 3 Ms --.1967 M 8 46,000 West Penn Power 5s series E—1963 J J 44,000 1st mtge 3Ms series I 1966 J D 6,000 West Va Pulp & Paper 4Ms 1952 A 286,000 101,000 43,000 48,000 65,000 60,000 142,000 261,000 27,000 171,000 :39,000 West Maryland 1st g 4s 1952 J First & ref 5 Ms series A 1977 A West N Y & Penn Gen gold 4s__ 1943 M |AWestern Pacific 1st 5s ser A—1946 M AAssented ------------- Western Union Teleg 4Ms gold. 1950 Youngs town Sheet & 486,000 255,000 • a Tube— Convertible deb 4s 1st mtge s f 4s series C 1948 1961 T The following bonds have been called for redemption in their entirety: Commercial Credit 2%s, 1942, July 6 at 101%. Commonwealth Edison Co— 4s series F, 1981, June 27 at 105%. 3%s series H, 1965, June 27 at 104%. Gen. Motors Accept. 3s, 1946, Aug. 1 at 10234 % • HomeOwners Loan2%s, 1949, Aug. lat 100%. Nord Ry. Co. 6J4s, 1950, Oct. 1 at 102. Paris Orleans RR. S^s, 1968. Sent. 1 at par. Socony Vacuum Oil3%s, 1950, July 21 at 10234% U. S. Pipe & Fdy. 3%s, 1946, May 20 at 102.i Warner Bros. Picture 6s 1939, June 29 at 100%. 62 77 M 76 M 106* ~ 84 Sale 83 15 % 15 62 55 Sale 59 M Sale J 58 M 60 Sale 57 % Sale 17 M 47 22 Sale 43 Sale Sale 101M 109 M 92 M 99 Sale 8M Sale 101M 91 94 m 111"* Sale 9 Sale Sale Sale" 6% 5m 1093 104J 9m 4M 4M 108 M 108% 8M 15 M May May May May May May Sale Sale 45 49 May 111% 11034 May 92 % May 101% May Sale" 8% May 103 M Sale 101% May 112M 92 M 95 Sale lioH va 95 91 101% 111 Sale" 7 7 9% 103% 9234 May May May 111 8 7 May May May May May Sale 101M Sale 105 M Sale 105 Sale 107 M Sale Sale 101 105 May May Deferred delivery sales, only transactions of month, and not included In year's current range transactions of the current month and not included In year's range. r Cash sales, only transactions of the current month, and not included in year's range. Under the rule sales, only x Ex-interest. 1 1734 Mar. 16 Apr. 15 Jan. 4 14 Jan. Jan. Jan. Jan. Jan. Jan. 3 4 5 11 3 5 11 47 Mar; 16 40 Mar. 31 May 40 67 Mar. 31 67 Apr. j 35 9 May 9 7 28 108% Mar. May 15 107 Jan. 26 109 10023«t Apr. 14 101% Jan. 21 6 127 May 25 123% Feb. 3 109% May 18 4 122 May 22' 110% Apr. 13 112% May 23 8 107 Jan. 9' 105 Apr. 105% Jan. 119% Jan. 1 89% Mar. 9 76% May 31 Mar. 1082.% Apr. 27 95 29 24 104% Jan. 24 107% Mar. 27 9 Jan. 4 23] 14% May 29 2 Jan. 3 23] 13% May 27 Mar. 11 1 66 J May 55% 29 Mar. 10 Apr. 11 68 31 Jan. 26 67% Mar. 10 29 17% Jan. 28 22% Mar. 7 31 2 59 Mar. 13 May 45 31 6 52% Mar. 9 42% May 16 6 104% Apr. 6 104% Apr. May 11 10934 Jan. 19 111% May 11 Jan. 20 9034 Apr. 10 97 May 31 9 May 25 101% Jan. 11 101 % Jan. 10% Mar. 3 Jan. 12 6 May 5 May 25 100% Apr. 11 103% May 25 14 97% Jan. 20 88% Apr. May 6 Jan. 31 113 Mar. 11 May 19 110 7 Apr. 10 11% Jan. 3 May 27 6% May 22 9% Mar. 10 May 1 7 Mar. 11 4% May 15 May 15 WA 4% 4% May 19 110% May 25 110 May 20 4% May 106% Jan. 107% Jan. 5 t Companies reported as being in bankruptcy, receivership, or being reorganized under Section 77 of the Bankruptcy Act, or securities assumed by such companies. n 17% Apr. 43 May 24 88 9 t The price represented Is the dollar quotation 200 pound unit of bonds. Accrued interest payable at exchange rate of $4.8484. a l\H 42% May per the S 19% May 6% 5 4% 5M 5M 4% 5M 4«M 5M 108% Sale 109 M 110 109 M 109 M 110M 109% Sale 14 45 105% 14% 13% 55 % 61M Sale 5934 Sale 57% 17 87 107 101% 110M Sale fiH Sale May 105 M 104 M 15 24 101% Mar. 30 90% Apr. 22 89% Jan. May May May 16% May 1534 May 6034 May May 63 May May May May 45 84 7634 May Sale 14 108 5 109 May 15 May 15 109 84 M 87 Sale 107 Sale Sale Hom 9 12534 May 41127 May 25 124M 125M 127 108% 109 M 10834 May 22 10934 May 18 108 % Sale 12034 May 31,122 May 22 120 M Sale 121 'Sale 112% May 23 Sale 111 11034 May 1 110M Sale May 1 May 1 106 107 M 106 106 105% 106 13 Sale May 67 9 May 100-'*M1002C32 15 Sale 62 74 52% Feb. 106% Jan. 109 % 22 % 11 3 Jan. Mar. 16 3 6 13 Apr. 10 10 8 5 Apr. 12% 3 13 6% Apr. 11 9 10 107% 29 104% Apr. 6 56 Apr. 66% 25 80 74 May 25 25 ios"" Sale D 57% May !2j 74 May 25 67 67 70 102% l!3 10- 28% 4034 J*n- 11 6% Apr. 10 40 25 Sale MN Bonds selling flat. 106 May May May May May May May 49% Jan. Apr. 11 May 16 May 24 48- May 11 Jan. 12 Jan. 4 Mar. 8 May 29 28 15 Apr. 10 1 24!% Apr. 13% May 12 15% M ay 3 8 6M" May 20 7% 6 M May 4 6% 5% May 20| 7 6M May 20 105 May II 105 % May 22 351 May 12 50 1 100% 100 M 100^ May 26 100% May 89 May 9 88 May 24 88 M Sale May 27 393^ May 10 46 42% Sale 40 107 M 111% M S Negotiability impaired by maturity. Sale 59 % S 2,000 *ASup&DulDiv&Terlst4s.l936 5,000 ACertificates of deposit A O 118,000 Wisconsin Elec Power 3Ms 1968 J D 13,000 Wisconsin Public Service 4s 1961 J 7 74 M 8 Gold 5s 1951 M S Gold 5s. — 1960 J J AWestphalia Un El Pow 6s 1953 J J West Shore 1st 4s guar 2361 J J Registered — .2361 M S Wheeling & Lake Erie Ry 4s D.1966 M 8 *34,000 Wheeling & L Erie RR 1st con g 4s '49 F A 139,000 Wheeling Steel Corp 4Ms ser A..1966 M2V 1,000 White Sewing Machine deb 6s.-1940 J D 25,000 t* AWilkes-Barre & East 1st gu g 5s'42 94,000 Wilson & Co 1st M 4s ser A 1955 34,000 Conv debentures 3 Ms 1947 1,000 Winston-Salem S B 1st 4s 1960 228,000 JAWisconsin Cent 1st gen g 4S..1949 6,000 ACertificates of deposit AfN jiWorces & Conn East Ry 4 Ms-1943 Sale 88 AfN J 41 25 82% Sale O 6% 105 77 M 60 on A* 6M 100% Sale 89% 90 Sale 119m 120 110% him 106m 107m J 11 6M , 105 M O 13 18 m Sale 106 58 56 M 123 m D Shle 105 50 25 111 18 35 4 72 63 541 Apr. 26 106% jto. 30 10834 107% jan. 27% Jan. 72.' Jan. 41 T 7 "Sale* 35 15 11 "~7M 6 Sale 173 May 12 May 16 May 24 50 13 6M 12 m 15 90i Apr. 10 103% Mar. 10v 106% Feb. 10 108% May 31 106%. Jan. 24 106% Jan. 24 1J4 May 24 % Jian. 27 25 19 7'M 6M Sale Sale 92 m May 15 May 26 May 4 393 May 22 May 17 35 s* 17 41 38 O A 10 118% Mar. Feb. 11 106 Jan. 11 50* Jan. 27 50' 13 50%. Jan. Jan. 8334 May 17 90 May 98' Jan. 26 100 93% Apr. 11 100% May 6934 Jan. 66 Jan. 3 65% Jan. 3 69%' Jan. May Apr. Apr. 37' Apr. 35% Apr. 36 May 27 May 31 Ma»y 29 May 12 1% May 24 1M May 24 50*" 15M F 96 M May M 39%. 13 M S M S M S _ 35% Sale I9M 17% 25 M ?7H J 1 TOO 1 69 66 M May 18 66 M May 4 69 M Mvay 96 May 11 109 M May 3 rn ni 42 M 55 83 55 54 May 24 58H May 10 54 60 54 60 107 May 2 IDS 3^ May 29 106 M 107 M 108 M Sale 50 181,000 HWarner Bros Picturs conv deb 6s '39 M S 62,000 6s debentures 1948 M S 249,000 t AWarren Bros Co. deb 6s——1941 F A Warren R R 1st ref gu g 3 Ms— -2000 5,000 Wash Cent Ry 1st g 4s Wash Term 1st guar 3Ms.- Sale 87 83 M May 17 30 42 M 83 30 48*" 3 10' 28^ 4 4' 4' 9' 31 29 10" 10 no 10934 Sale Sale 31m 25 1939 1941 aToI & Chic Div 1st g 4s 1941 72,000 J iWabash Ryref & gen 5Ms A..1975 43,000' ARef & gen 5s (Feb *32 coup) B '76 ■239,000 ARef & gen 4Ms series C 1978 39,000 ARef & gen 5s series D 1980 4i,000 Walker (Hiram) G & Wdeb4Ms 1945 64,000 Walworth Co 1st mtge 4s 1955 7,000 6s debentures 1955 107% M M M g 100 Sale 65 1102' j$4 May 3 WIH May 29 100 % 101M 100 108 M May 31 imn May 31 109 M 108 M Sale 105 108 m 35 M 8 22 100 98 99% a M S 109 40 .... J M S i 4 ; 38% May 26 May 36 86 M 87 85 % 100 Sale Sale 96 M Sale 10034 Sale 68 M 68 M 67 67 M 68 M Sale 67 67 M Sale A J 105 Sale 83 M 96 90 Sale 20,000 Vanadium Corp (Am) conv 5s. .1941 1955 F A 106 1,000 Vandalia consol g 4s A.__ Consol 4s series B 1957 MTV] J m 20~66O *AVera Cruz & Pacific 1st 4 Ms 1934 5,000 7,000 40 Sale D J 27 102 Sale Price,sr Sale Prices Mar. 10* 69 Jan. 4 9)1 May 16 110% Feb. 25 Feb. 2' 24H Jan6 30 ! May May 16 May 16; 109 May Sf! 29 M May. May lOl 103 May May May 21 106 109 102M 17* 77 Sale J ♦iJuly 1914 coupon off — *a4Ms assented 1934 67*000 Virginia Elec & Pow 3M8 ser B..1968 Va Iron Coal & Coke 1st g 5s—1949 Va & Southwest 1st guar 5s 2003 First cons 5s 1958 12,000 153,000 Virginian Ry 1st & ref 3 Ms ser A 1966 75M May Sale Sale 28 28 27 102 94 A 2,000 109 76 M 109 ' Sale PHces Sale Prices Ask Bid 25 1959 F Lt deb g 534s 1947 140,000 Sale 110 119 MN J Asfc] Btd 26 110 108 J\ J a6Ks series C 1951 iSinking fund deb 6 Ms ser A 1947 46,000 United Stockyards 4 Ms w w 1951 185,000 Utah Light & Trac 1st & ref 5s._1944 408,000 Utah Power & Light 1st 5s.— 1944 68,000 J* AUtilities Pow & ♦iDebenture 5s Ask Sale 69* 1 Highest Lowest Highest Lowest May 31 May 1 1939 Bid 208,000 United Drug Co (Del) 5s 1953 1944 4,000 UNJRR& Canal Co gen 4s. 47,000 *t iUnited Rys St L 1st g 4s__ 1934 18,000 fU S Pipe & Fdy conv deb 3 34s .1946 379,000 U S Steel Corp 3Ms debs.. ...1948 10,000 iUnited Steel Wks g 6%s ser A 1951 RANGE SINCE JAN. PRICES IN MAY Price Jan. 3 f& 1 105% May 31 1 107% May 31 e The following during the current In the monthly or 100 Jan. The 5% Jan. Jan. Mar. 31 110 103% Apr. cash sales 1 107% Mar. were 4 3 transacted month and are not included following May 26 at 9. deferred delivery sales were month and are not transacted during the current included in the 4 yearly range: Rutland RR. 434s, stmp., z 19 30 110% May 25 9 110% Mar. 29 23 9% Feb. 14 monthly or yearly range: Czechoslovak 8s, 1952, May 17 at 21. Lombard Electric 7s, 1952, May 19 at Ontario Power 5s, 1942, May 2 at 112 48. 7-16. New York Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF STOCK PRICES DURING MAY 1939 Stock Sales May 1 to May 31 jan. In accordance with ots except a for the basis of 100-share small way. a NOTIOE—Cash and deferred delivery sales are disregarded In outside of the regular monthly range are shown in a footnote in range May 31 Oct. 3,1915, all stock3 are now quoted dollars per share. Prices are on a rule of the Stock Exchange, effective in the case of stocks which sell only in Jan. 1 to $121,156,000 723,806,000 $123,104,000 710,025,000 May-.- 14,004,244 92,797,143 1938 1939 Bond Sales 1938 1939 12,935,210 96,800,295 ..Shares. the month's range, unless they are the only transactions of the month, and when selling the month in which they occur. No account is taken of such sales in computing the year. AGGREGATE SALES In PRICES Price STOCKS May 220 130 700 10,200 1,000 2,200 18,000 2,700 17,400 20 9,700 10,400 2,000 1,200 1,900 21,400 50 1,400 9,400 1,400 9,600 44,900 1,400 39,500 1,100 1,200 100 7,900 4,200 6,600 540 6,700 5,700 320 11,900 1,700 20,100 2,300 9,500 200 1,200 "l",865 2,000 5,300 530 4,100 700 Par Ask * 16,000 Abott Laboratories 840 434 conv preferred-__---100 450 Abraham & Straus * —-—,-—-25 48,000 Acme Steel Co 96,800 Adams Express. — * * 8,300 Adams Millis 5834 14,600 5,300 8,100 1,200 16,200 3,100 4,800 21,100 5,000 4,100 24,200 1,900 19,000 2,100 14,000 300 760 20,900 5,900 9,100 77,600 30 29,900 3.800 3,000 2,700 450 41,400 2,700 1,700 35 45 33 Sale 14,800 Addressograph Multigraph—10 Sale 754 1934 2034 91,700 Air Reduction Inc Sale 49 Sale Sale 134 14 34 1234 12 % 18 % 2734 Sale Sale Sale Sale Sale Sale Sale 193 5 * Sale 12 53,500 Allied Mills Co Inc 259,900 Allied Stores Corp * 9,900 5% preferred --—-100 265,600 AlRs-CnaLmers Mfg.--——* 15,000 Alpha Portland Cement * 18,500 Amalgam Leather Cos. Inc—1 900 6% cum preferred—-—50 47,900 Amerada Corp * 25,500 Am Agric Chemical (Del) new * 10 56,300 American Bank Note— 6% preferred -—--50 b American Bosch Corp.——-1 Am Brake Shoe & Fdy—— * 534% conv preferred--—100 American Can —-—25 100 Amer Car & Foundry.——.—* Preferred -100 American Chain & Cable * 5% preferred—— 100 American Chicle—---—-—* 20 Am Coal Co of Alleg Co N J_25 15,900 American Colortype— 10 -----20 29,600 Am Com Alcohol Preferred 25,500 Amer Crystal Sugar Co--—-10 3,080 6% 1st preferred —.100 72,200 Amer Encaustic Tiling---—-1 1,200 Am European Securities.-—-* 10 American Express Co 100 95,700 Am & Foreign Power--—--_* $7 preferred 54,700 * 2d preferred A————--* 31,800 $6 preferred———.——-* 31,100 10,900 Am Hawaiian Steamship—--10 84,500 American Hide & Leather—1 10,000 6% preferred—-—-----50 -1 23,200 Amer Home Products * 44,800 American Ice—————— — 14,400 44,300 164,200 15,400 62,300 19,800 90,000 6% preferred Amer lnternat Amer Locomotive.—---——* 105,700 1,100 18,100 256,100 70,500 1,900 30,300 16,800 9,300 222,300 37,700 86,800 8,100 62,100 436,900 4,200 30,600 40,300 107,400 1,900 1,178,800 9,800 45,100 220 910 34,800 6,400 17,400 1,100 11,000 32,500 500 2,700 2,500 11,300 600 Corp—-——--* For footnotes see preferred--—-----100 Amer Steel American Foundries Stores —-— American Stove Co American Sugar Preferred-- * —* Refining—100 Tobacco..—-—-25 25 6% preferred American Type Founders Am Wat Wks & El 100 * * $6 1st preferred— * American Woolen———-—* Preferred ——-100 Amer Zinc, Lead & Smelt—-1 $5 prior conv pfef——25 Anaconda Copper—-——-50 Anaconda Wire & Cable * Anchor Hocking Glass Corp * $6.50 conv preferred——* page 40. 21 22 54 156 ""834 834 15734 167 1034 1054 Sale Sale 32 Sale 36 H Sale 1454 Sale 1554 Sale Sale 134 1234 47 54 19 254 18 Sale 1034 754 Sale 12 Sale 9 134 1634 Sale , 154 14 154 18 Sale 69 34 22 54 Sale Sale 17 54 56 Sale 12 Sale 13 60 50 53 Sale 5134 Sale 734 TVs 515i Sale 130 132 10034 Sale 17334 17634 34M Sale 54 Sale 2354 Sale 112 115 12254 Sale 1734 734 8 1034 Sale 1054 Sale 6034 6734 434 Sale 634 9 61 16 5 "334 Sale" 1934 Sale 8734 1634 100 30 150 8 Sale 6534 334 334 254 Sale 14 4534 154 46 17 1834 134 5 115 24 Sale Sale Sale 434 Sale 12 254 Sale 120 24 54 Sale 38 39 3254 1154 33 54 SMe Sale "1354 Sale 73 Sale 54 34 Sale Sale 1234 1134 Sale Sale Sale 130 Sale 63 27 4054 Sale Sale 1834 Sale 8 Sale Sale 82 634 Sale Sale 754 Sale 38 3534 Sale 52 234 1534 634 28 Sale 14 31 534 160 34 Sale 1154 234 55 1954 Sale 112 11334 3 54 8 27 28 934 70 500 1654 8554 Sale 8834 Sale 14654 148 40 Sale Sale 56 34 Sale 1254 28 Sale Sale 6434 148 2 54 1934 7 34 1634 14 34 434 35 34 47 34 2 54 2134 Sale Sale Sale Sale Sale 534 500 Sale Sale Sale Sale Sale Sale Sale Sale Sale 2234 Sale 19 Sale 1834 82 34 89 1634 1734 1654 157 54 Sale 16554 79 34 Sale 82 34 8134 Sale 8454 14834 149 151 534 Sale 534 934 Sale 1034 Sale 80 91 854 10 80 4 29 Sale 954 12 95 454 2934 454 Sale 23 28 534 May 634 May 1 1 8 May 1 6534 May 1 3 May 16 454 May 26 1554 May 9 154 May 11 16 May 25 70 May 25 1854 May 31 13 34 May 11 53 May 15 634 May 10 3854 May 27 134 May 6 9154 May 31 173 May 23 24 May 31 4034 May 31 18 May 9 105 May 15 £l2234May 31 85 Sale 12 1754 Sale Sale Sale 153 Sale Sale 90 454 Sale 3454 33 5 30 Sale 35 Sale 24 54 2334 Sale 37 34 40 35 3734 1634 Sale 2134 Sale Sale 11234 11434 113 7 May 27 734 May 31 954 May 31 May 22 72 3 54 May 31 534 May 29 234 May 254 May 27 14 34 May 1934 May 31 734 May 27 1654 May 29 634 May 1134 May 1354 May 354 May 16 28 May 3 45 May 5 2 134 May 18 May 4 4 34 May 10 5 34 Sale 19 Sale 1534 May 17 47 52 Sale May 1 2 13 34 Sale 1154 May 3 34 Sale 234 May 3 30 Sale 2654 May 17 118 118 Sale May 31 24 May 11 2454 Sale 1 434 May 454 Sale 36 May 20 40 Sale 31 May 17 3534 Sale 11 May 17 1254 Sale 152 May 15 152 155 Sale 1254 May 17 15 Sale 52 34 May 22 56 1234 May 13 54 Sale 1 13 Sale 1134 May 16 27 May 5 2834 Sale 3934 May 17 4354 Sale May 1 136 54 13854 130 6234 May 3 6534 Sale 148 151 3 14634 May 2534 1134 1034 22 34 1454 May 1 134 May 15 16 May 25 61 May 1 1634 May 17 1154 May 1 50 May 24 5 May 1 3434 May 22 126 May 1 85 May 17 170 May 17 1834 May 18 3434 May 17 1534 May 17 100 May 8 118 May 17 15 6 34 47 Sale 110 102 Z12234 Sale 7 34 Sale Sale Sale 40 122 2234 Sale 7734 109 1734 Sale Sale Sale 4034 Sale 954 Sale 1434 1634 150 1634 Sale Sale 4554 Sale .134 154 1434 15 734 Sale 3634 Sale 634 1154 1334 Sale Sale 6 ""534 Sale 5 Sale "l5~" 1434 Sale 1434 Sale 31 1854 Sale Sale 115 1434 534 9 1634 68 37 34 Sale 12834 Sale 9154 Sale 172 170 17034 175 23 34 Sale 2034 Sale Sale 33 34 3534 40 35 126 160 1834 Class B— 834 2154 5334 34 54 Sale 834 734 Sale 12234 Sale 34 8 834 854 7 634 634 7 634 Sale 9 1134 1054 1834 1634 Sale 754 55 34 May 4 6134 May 26 May 26 12834 May 25 130 Sale 40 May 29 May 29 40 Sale May 11 3434 May 19 36 Sale 834 May 31 May 22 22 2 2134 May 25 2034 May 21 May 4 2234 May 29 22 Sale 5334 May 31 4634 May 17 Sale 4 54 May 1 34 May Sale 1 854 May 31 734 May 127 121 May 25 May 25 121 Sale 34 May 1 54 May 10 Sale 854 May 3 734 May 16 Sale 734 May 25 634 May 11 6 Sale 734 May 29 May 18 12 Sale May 27 1034 May 22 Sale 1854 May 31 1534 May 17 52 52 May 2 May 2 3 834 May 734 May 17 "834 Sale May 25 15734 May 2 167 12 10 May 22 1254 May 3 Sale 13 May 15 1 1034 May Sale 7 954 May 31 May 15 65 66 61 May 29 May 1 Sale 3154 May 1 3654 May 31 61 9134 American Sale 2034 Highest Sale Prices 6134 62 -—-—-100 & Teleg——100 40 35 Sale Lowest Lowest Sale Prices Sale 61 Amer Sumatra Tobacco.—-—* Amer Telep 4254 3434 6034 130 10 Preferred 6% 5534 130 1234 1254 Sale 1154 Sale -—-—100 7934 Am Mach & Foundry—---—* 1534 Amer Machine & Metals—-* 434 American Metal —* 3934 6% conv preferred 100 11634 1,400 * x26 4,710 American News Co new 634 337,600 Amer Power & Light-—-—--* $6 preferred-------——-* 82,500 3934 $5 preferred ————* 3534 107,400 731,000 Am Radiator & Stand San—.* 1834 Preferred 100 160 860 296,200 American Rolling Mill--——25 2254 71 434% conv preferred----100 20,200 15 -18.50 34,800 Amer Safety Razor American Seating Co— * 20 15,000 3234 6,610 American Ship Building--—-* 5254 270,900 Amer Smelt & Refining-—--* Preferred ————.100 13334 11,300 60 9,100 American Snuff-————-—25 45,000 6,200 900 -———--100 Ask Ask Bid 50 1034 Dye—-—-—* 49,600 Allied Chem & 8,900 Allied Kid Co 3,580 43,300 50,900 1,250 70,200 7,100 127,600 21,200 102,010 1,200 8,000 2034 — 13,900 Air-Way Eiec Appli Corp * 146,100 Alaska Juneau Gold Min--_10 150 Albany & Susquehanna RR-100 100,600 Allegheny Corp * Pref series A $30 warr'ts-100 118,800 Pref series A $40 warr'ts-100 24,600 Pref series A $30 ex-war_100 24,900 15,450 $2.50 prior conv pref * 151,400 Alleghany Ludl'm Steel Corp * 50 Alleg & West Ry 6% gtd--_100 —-1 15,100 Allen Industries Inc 890 3,000 3,000 5334 120 45 — 410 400 Bid 130 _ "9",600 May 31 May 1 Shares 2,400 1 1939 Jan. 1 Shares RANGE SINCE JAN, IN MAY Jan. 3 N. Y. STOCK EXCHANGE Since May May May May May May May May May May May May May May May May May May May May May 17 3 24 17 3 2 1434 May 24 4-54 3534 47 34 254 22 34 534 1954 53 1334 334 31 120 25 y 434 41 36 13 158 May May May May May May May May May May May May May May May May May May May May May May May May May May May 25 31 31 10 15 3 31 27 31 31 31 2 ' 4 9 10 10 29 120 14 Apr. Apr. Mar. Apr. Apr. Apr. Apr. Jan. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. 52 Jan. 3334 3134 654 1954 1934 4554 54 654 117 54 654 5 554 9 654 Apr. 15154 Apr. 10 Apr. 954 Apr. 6 Apr. 5454 Apr. 28 Apr. 23 2634 May 31 2054 Apr. 854 Apr. 9 Apr. 1554 Apr. 7534 Mar. 1434 Apr. 148 Apr. 73 Apr. 7534 Apr. 147 Jan. 13 54 13 54 2954 4434 13734 67 150 12 10 21 9034 1734 1 16554 83 19 19 8454 2 153 34 654 1 17 19 86 23 454 5 3 3334 534 8 17 2634 2534 17 3734 23 2254 1 5 11434 May May May May May May May May May May May 25 18 4 9 23 31 31 Ma6 8 May May May May May May May May 29 26 31 17 31 4 29 29 31 26 10 31 Jan. 434 Mar. 834 Apr. Apr. 354 Apr. 2854 Apr. 434 Apr. 24 Apr. 2054 Apr. 35 Apr. 1334 Apr. 78 Ill Jan. 9 6 Jan. 4 Mar. Jan. Jan. 3 5 Jan. 3 Jan. 3 8 31 8 28 1 4 30 11 12 May 25 10 10 8 8 8 8 Jan. Mar. 4 4 Jan. 4 Mar. Jan. 8 3 9 4 19 Jan. 19 11 10 10 10 11 11 Jan. 8 Jan. 5 Jan. 3 Jan. Mar. Jan. 4 3 Jan. 21 Jan. 4 Jan. 3 Mar. 1 Jan. 3 Jan. 20 May 25 Jan. Jan. 3 3 Jan. 6 Jan. 4 Jan. 4 May Jan. 6 Jan. 3 17 4 5 Jan. 4 Mar. 9 3 Feb. Jan. Jan. Apr. 5 Feb. 24 Jan. 5 Jan. 4 May 22 Jan. 4 Mar. 22 Apr Jan. 4 20 Mar. 11 Jan. 5 May 29 Jan. 7 Feb. 2 May May May May 31 31 10 15 Jan. 5 Jan. Jan. Jan. Jan. Jan. Mar. 20 Jan. 3 Feb. 354 Apr. 32 Apr. 28 Apr. 1054 Apr. 152 Prices Mar. 15 Mar. 10 Jan. May 1254 Apr. 50 Apr. 1154 Apr. 1034 Apr. x27 Apr. 3554 Apr. 12954 Feb. 59 34 Apr. 14634 May 5634 1 10 1254 Apr. 8 134 Apr. 4 1334 Apr. 4 50 Apr. 11 16 Apr. 26 1054 Apr. 11 50 May 24 334 Apr. 8 3154 Apr. 1 125 Apr. 11 83 54 Apr. 11 16734 Mar. 3 1754 Apr. 11 32 Apr. 8 13 54 Apr. 8 100 May 8 10954 Apr. 20 14 Apr. 5 554 Apr. 8 554 Apr. 10 654 Apr. 11 61 Feb. 11 254 Apr. 1 454 May 4 164 164 Apr. 2 Apr. 1254 Apr. 5 Apr. 10 Apr. 12 Apr. 2 34 Mar.; 2554 Apr. 4154 Apr. : 154 Jan. I 1454 Jan. ; 414 Apr. 1454 Apr. 47 Apr. 11 Apr. 254 Anr. 2654 May 11734 Apr. : 9 29 3 29 25 16 31 19 24 17 1534 Highest Sale Prices 53 Apr. 11 6 Mar. 11 Mar. 11 Jan. 162 4 Jan. 5 22 54 Jan. 7254 Jan. 4 1534 Mar. 20 Jan. 4 1 3 3434 Mar. 10 53 54 Jan. 5 13734 Mar. 21 67 May 24 15134 Jan. 13 Jan. 4 Feb. 20 Feb. 18 Jan. 3 Jan. 9 Jan. 4 Mar. 11 Jan. 19 Jan. 16 May 26 Jan. Jan. 5 20 Mar. 10 Jan. 10 Jan. 10 Jan. 5 7 Jan. Jan. 5 Jan. 4 May 29 Mar. 21 32 N. Y. STOCK AGGREGATE SALES PRICES Price STOCKS In Since May N. Y. STOCK EXCHANGE 1939 — — -• - 1,300 90 3,300 16,400 1,300 13,900 2,200 2,500 7,600 370 9,100 182,600 13,900 300 83,400 24,700 53,500 10 180 95,700 500 3,100 «. • - - Par 4 200 Andes Copper Mining 2,200 APW Paper Co 12,400 •» May 1 Shares 300 m, - 400 250 60 61,300 8,500 14,600 800 2,400 12,000 800 14,600 1,800 600 280 800 1,000 900 50 25,200 65,500 23,100 5,600 1,400 120 9,100 1,500 220 16,300 19,900 70 4,300 300 200 1,800 100 86,400 8,200 1,300 1,600 152,200 2,800 4,400 1,800 1,700 14,100 60 10 47,700 2,100 350 650 3,400 34,900 33,400 1,000 3,400 5,000 16,700 41,200 700 5,200 1,700 5.900 18,600 6,100 88,700 300 13,700 13,200 2,000 30 32,900 2,400 1,800 30 230 1,800 3,700 3,500 220 17,500 400 41,000 1,200 15,500 100 2,600 9,100 350 100 3,300 1,000 60 100 14J* Sale 2% Sale 28M Sale 121X 101X 102" 125* 9 15* 215* 6 Sale Sale 40 Sale Sale 100 Sale 36 65 Sale I* « 1205* 114 98 56 10 5% preferred Atlantic Refining 4% conv pref series A Atlas Corp 6% preferred -100 25 100 5 50 * Atlas Powder 100 * * * ' 3 5% preferred Atlas Tack Corp J Auburn Automobile Austin, Nichols & Co $5 prior A Aviation Corp (Del) The — * 50 100 * 100 7% preferred (E G) Mfg Preferred 7% Budd * Budd Wheel Bullard Co * * Burlington Mills Corp Burroughs Add Mach 1 * Bulova Watch Bush 1 Term Co JBush Term Bldgs— Depos. ctfs. 7% pref Butler 100 38K 375* , 8 Vv 75 Sale 77 10 H 65 Sale 52 H Sale 34 H 94 91 42 E7o* 715* 48 Sale 90 92 97 95 Sale 895* 100 98 385* Sale Sale Sale 111 Sale 44 Sale 126 6H ""65* Sale Sale 29 32 83* Sale YJ\i Sale 8 Sale 10 Sale 2951 Sale 90 853* 20 H 12 H 29 94 75* Sale 77 735* Sale Sale 34 18>* Sale 20 Yi 114 Sale Sale 183* Sale 995* 295* 96 45 Sale 45 Sale 105* Sale 55* 65* 215* 70 225* 72 65 Sale lio" 118" 75* Sale 745* 695* 75 785* Sale 175* Sale Sale 113 25 Sale Sale P 20 435* 345* Sale 245* 465* Sale Sale Sale Sale fi| 165* Sale 32 Sale 135* 25* Sale 27 265* 65* 155* 315* 395* 43 15* 95* 125* 405* 175* 315* 135* 115* 95 Sale Sale 215* Sale 19 Sale 51 ~55" Sale Sale 65* 95* Sale Sale 375* Sale 175* Sale 34 105* 8 38 115* Sale 965* 955* 45* Sale 345* 325* 35* 35* 24 255* 185* 175* 125* Sale 13 15* 7 Sale 15* 85* 100 * * ---50 Sale 85* Sale 355* Sale Sale 13 Byers Co Partic preferred Byron Jackson Co Calif Packing Corp 5% preferred... Callahan Zinc-Lead 1 Calumet & Hecla Cons Copper 5 % pref 5,700 Central RR of N J 12,400 Central Violeta Sugar Co 4,200 Century Ribbon Mills — Preferred--..--- 100 100 19 * 100 Sale Sale 51 Sale Sale 1754 7 395* 48 15* 65* 195* 3 21 Sale Sale 145* Sale 515* 5* Sale 55* Sale 50 105* 95* 115* 40 23 Sale Sale 1115* Sale 45 Sale Sale Sale 24 70 125 Sale Sale 215* Sale Sale Sale 395* Sale 235* Sale Sale 40 Sale Sale 95* 115* Sale Sale 38 Sale 97 98 Sale 5 Sale 385* Sale 45* Sale 285* Sale 20 205* 145* 145* 135* Sale 15* 15* 103* 125* Sale 205* Sale 3 35* 95* Sale 1 55* 115* 165* 109 Sale 95 Sale 70 Sale Sale Sale Sale Sale 5 92 5 55* 39 40 755* 145* Sale 107 795* 155* 385* 795* Sale 52 85* 65* 195* 25* 75* Sale 515* 5* 55* Sale 10 Sale 135* Sale 16 485* Sale 35* 30 45* 39 805* 785* 145* 25* 25* Sale 79 44 40 Sale Sale 72 114 1145* 11*5* Sale Sale 45 435* Sale 425* 104 1045* 105 1055* 105 Sale 16 185* Sale 16 Sale 95 84 84 945* 11 125* Sale 115* Sale 55 69 65 69 64 20 Sale 20 35* Sale 25* Sale 1115* 112 110 110 5 55* 45* 55* 55* Sale 55* 45* o 45* 55* Sale 45* 95 88 101 88 855* IS 98 1 315* 645* 195* 16 75* 16 135* 3 2 21 3 1105* 75* 1 455* 16 3 525* 27 1215* 55* 1 29 10 17 25* 25* 21 2 72 145* 8 28 145* 225* 9 1125* May 16 225* May 13 100 May May May May May May May May May May May May May May May May May May May 31 27 31 31 25 31 May May May May May May May May May May May May May 85* Apr. 15£ Apr. Apr. 1175* Apr. 97 May 35* Apr. 335* Apr. 21 1 10 24 24 4 1 9 12 3 6 3 10 9 122 1 17 19 3 85* 725* 245* 205* 525* 495* May May 60 May 175* May 20 109 2 2 19 31 29 22 1 2 1 3 1 17 3 19 May May May May May May May May May May May 205* 175* 115* 185* 395* 245* May 22 May 110 May 595* May 195* May 215* May 255* May 2 May 275* May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May 2 1 18 20 16 22 1 1 5 1 16 16 1 1 1 19 19 9 5 3 1 19 4 17 2 1 1 19 12 66 4 10 4 Jan. 52 Jan. 5 Jan. 4 335* 95* 55* 73 55* Apr. Apr. Apr. 58 Jan. 4 13 Mar. 15 Jan. Jan. 70 Jan. 41 30 Apr. Apr. 11 90 Jan. 9 96 27 98 895* Apr. 23; Apr. 51; Apr. 15 Apr. 6 Apr. 10 Apr. 185* May 1045* Apr. 7 Apr. 435* Apr. 51 Apr. 1175* May 45* Apr. 25* Apr. 2 Apr. 20 May 45* Apr. Mar. 5 Mar. 11 Jan. 3 Mar. 15 Apr. 545* Mar. 15 37 May 31 Mar. 7 May 31 Jan. Mar. ftH 4 9 3 305* Jan. 105* Mar. 14 Mar. 15 18 235* Jan. 10 1105* May 24 5 85* Jan. 475* Mar. 8 3 665* Jan. 27 127 10 65* 11 45* 13 35* 17 305* 10 85* Jan. Jan. 11 5 Mar. 10 Jan. 6 Jan. 3 Jan. 11 5 Jan. 4 10 Jan. 5 10 Jan. 4 11 Jan. 4 8 Jan. 11 8 Jan. 5 8 Jan. 11 5 Feb. 28 11 Jan. 10 May 24 11 Jan. 4 16 10 May 31 10 Apr. 25 Mar. 23 3 28 1135* Apr. 75* Apr. 10 Jan. Jan. 20 18 31 31 18 25 31 27 70 Mar. 22 163* Apr. 11 175* Apr. 11 6 485* Apr. 46 Apr. 26 515* Apr. 11 155* Apr. 10 995* Apr. 11 155* Apr. 10 8 14 Apr. 85* Apr. 10 175* May 31 35 Apr. 18 19 Apr. 11 8 165* Apr. Jan. 25 Jan. 3 31 27 31 31 29 25 25 15 13 24 12 104 Jan. 4 Mar. 11 May 18 Mar. 11 Jan. Jan. 4 11 7 Feb. 28 Jan. 3 Jan. Jan. 4 Mar. 11 Feb. 24 Jan. 3 Jan. 23 3 18 Feb. 24 May 13 30 12 Mar. 10 Mar. 14 11 8 10 55* Apr. 85* Apr. 165? Apr. 31 Apr. 415* Apr. 15* Apr. 55* Apr. 75* Apr. 27 Apr. 135* Apr. 315* Jan. 95* Apr. 7 Apr. Jan. 10 31 May May May May May May May May May May May May May May May May May May May May 6 Jan. Jan. 27 1 225* May 35* May 29 1 1 1115* May 19 5 May 17 17 5 May 1 28 5 May 8 19 88 May 10 10 27 Jan. 65 95* Apr. 45* Apr. 5 Apr. 9 19 Apr. 25 67 Apr. 15 103* Apr. 10 6 Apr. 27 245* Apr. 27 31 xl2% Apr. 155* Apr, 24 1105* Apr, 17 Apr. 31 98 Apr. 13 29 25 25 24 31 29 14 25 185* 27 5 515* 24 15* 65* 3 29 115* 175* 31 25 455* 31 45* 32 6 25 55* 40 11 81 19 May 31 16 35* May 10 83 May 26 117 May 10 475* May 10 106 May 20 19 May 25 95 May 25 May 29 13 107% 205* 35* 95* 455* 11 11 21 295* 27 1215* 9 1035* 65* Mar. 28 May May May May May May May May May May May May May May May May May May May May May May May May Highest Sale Prices 155* Jan. 15 9 25* Jan. 50 29 9 10 39* 111 225* Sale 25* Sale 5 May 29 1 65* May May 25 95* May 17 May 3 1 19 May May 2 34 2 May 3 485* May 25 445* May 15* May 15* May 13 May 85? May 17 10 125* May 1 105* May 425* May 37 1 May 245* May 25 1 175* May 345* May 24 355* May 25 145* May 31 115* May 16 85* May 31 75* May 16 May 29 955* May 17 98 55* May 10 45* May 17 May 27 32 May 17 40 45* May 26 35* May 11 255* May 17 ,285* May 31 2 215* May 10 185* May 145* May 25 1 125* May 135* May 26 125* May 16 15* May 16 15* May 17 125* 145* 45* Sale 32 305* 1175* 185* 165* 95* 175* 395* 205* 195* 335* Sale 73 105 Sale 35* 315* 45* Sale 75* 725* 205* 185* 505* 475* 515* 165* Sale 47 A* 115 14 18 605* May 1 May 43 Sale Sale \ 215* 15* 225* Sale 3 1 955* 125* 55* 75* 235* Sale 2 37 105* May 17 45* May 18 6 May 17 3 225* May 695* May 29 125* May 17 2 7 May 8 265* May 1 135* May 19 Sale 11 20 55* 165* 44 Sale 105* May 17 55 50 Sale Sale U* 195* 135* Sale 4!* 305* May 91 May May May 535* May 17 May 65* May 115* May 185* May 1055* May 7 May 445* May 51 May 1175* May 45* May 25* May 25* May 20 May 5 May 57 Sale 335* 105* May 26 Sale 355* 145* 85* Sale 30 5 _* Sale 85* 85* Sale 75 725* 235* Sale 205* Sale 54 535* 49 485* 585* Sale « Sale 5% conv preferred Sale Sale Sale 75* Sale 515* Sale 55* Sale 325* Sale 285* Sale 145* Sale 185* Sale 25* Sale Sale 22 11 96 Sale Sale Sale Sale Sale 995* Sale 35 335* 445* Sale 15* 85* Sale Sale Sale 51 Sale 105* Sale Sale Sale 105* Sale 19 Ay* 27 122 455* 475* 545* Sale 17 165* 165* 109 1065* 107 19 175* 205* 17 175* 165* Sale 10 115* 205* 185* 1.55* 36 395* 305* 205* Sale 225* 225* 195* Sale 107 104 1095* Sale 55 565* 165* 165* 185* 21 195* Sale 245* 225* Sale 2 15* 15* 24 275* 225* Sale Sale Sale Prices 125* Sale 145* Sale Sale 8 75* Sale 28 25 275* 285* 135* Sale 145* Sale 19 19 185* 215* Sale 1125* 1125* 1125* 1135* 112 20 205* 195* 225* Sale 97 1015* 100 995* 100 Sale Sale 44 125* 55* 75* 225* Sale Sale Sale Lowest Sale Prices 27 51 75* 195* Ask 51 505* 1205* 1235* 1175* 119 45* Sale 55* Sale 3 25* Sale 25* 2 25* 35* 25* 22 19 19 225* 55* Sale 55* Sale 48 28 3* 123 72 3* 29 H 37 305* 645* 535* Sale 17 165* 195* 65* 75* 75* 13 105* 195* Sale 205* 1045* 1055* 110 Sale 7 75* 26 Highest Sale Prices 255* May 29 215* May 1 May 23 1205* May 29 118 1205* 120 May 29 97 May 9 100 99 100 45* May 2 Sale 4 35* May 17 4 38 355* May 19 375* May 365* 65 405* 35 May 19 405* May 31 405* Sale 105* May 2 115* May 31 115* Sale 75* May 4 7 65* 18 1Y* 815* May 22 815* May 22 95 81 May Sale 85* May 31 8 65* May 18 May 5 75 72 May 17 74 725* 52 32 Sale 6654 80 105* 65* 95* 15* 26 305* Sale i2ot* 65* Sale Sale Butte Copper & Zinc Tor footnotes see page 40* 4 lo Brothers 1,490 Central 111 Lt 4 M 57 H 11 * Campbell W & C Foundry * Canada Dry Ginger Ale 5 80 Canada Southern Ry Co 100 258,800 Canadian Pacific 25 * 13,900 Cannon Mills 5,300 Capital Admin Co Ltd cl A-_l 450 $3 preferred class A 10 1,420 Car Clinchfield & Ohio Ry--100 6,100 Carpenter Steel Co 5 17,700 Carriers & General Corp 1 32,500 Cash (J I) Co 100 3,550 7% preferred 100 119,600 Caterpillar Tractor * 2,300 5% preferred 100 206.100 Celanese Corp. of America * 3,820 7% prior preferred 100 149,000 Celotex Corp new * 1,030 5% preferred 100 20,300 Central Aguirre Associates * 89,000 Central Foundry Co 1 SINCE \)AN. Lowest May 31 Ask Bid Bid 47 60,300 g Brewing Corp of America.-3 164,300 Bridgeport Brass Co 355,200 Briggs Manufacturing * 5,700 Briggs & Stratton * 22,200 Bristol-Myers Co 5 26,200 Brooklyn & Queens Transit30,700 3 preferred * 185,900 Bklyn-Manhattan Transit * 46,800 $6 preferred series A * 185,500 Brooklyn Union Gas * 3,400 Brown Shoe, Inc * 50,000 Brunswick-Balke-Coll * 141,400 Bucyrus-Erie Co 10 180 Ask 5 — 1,890 58,600 11,400 41,700 44,200 4,820 22,100 41,400 1,400 253,500 113,100 43,000 209,200 Bid * 7% preferred100 Armstrong Cork Co_ * Arnold Constable Corp 5 Artloom Corporation 7% preferred —100 Associated Dry Goods 1 6% 1st preferred.. 100 7% 2d preferred 100 $6 convertible preferred 5 188,100 Barnsdall Oil Co 67,600 Bayuk Cigar Inc * 350 1st preferred 100 20,300 Beatrice Creamery 25 1,700 1 5 preferred with warr * 40 Beech Creek RR Co 50 3,300 Beech-Nut Packing 20 25,600 Belding-Heminway 700 Belgium National Rys part pref 713,100 Bendix Aviation Corp 5 43,300 Beneficial Indus Loan Corp..* 15,100 Prior pref $2.50 div ser '38-* 11,100 Best & Co * 1,158,200 Bethlehem Steel Corp (Del). 29,000 5% preferred 20 21,300 7% preferred 100 17,200 Bigelow-Sanford Carpet Inc..* 17,300 Black & Decker Mfg Co * 97,100 Blaw-Knox * 1,090 Bloomingdale Bros — * 190 Blumenthal & Co pref 100 382,800 Boeing Airplane Co_ 21,300 Bohn Alum & Brass Corp— 3,370 Bon Ami class A * 4,220 Class B * 25,000 Bond Stores Inc 245,000 Borden Co (The).. 15 231,100 Borg-Warner Corp 5 9,100 Boston & Maine 100 17,700 Bower Roller Bearing Co 17 910 55,400 9,000 4,600 32,400 Preferred— Armour (Del) 7% preferred. Armour of Illinois 10,500 Barker Bros 1,710 5^2% preferred 262,100 11,670 70,600 42,200 35,800 57,500 84,300 18,200 300 * 100 — Baldwin Locomotive Works 479,300 Vot trust ctfs when issued. 13 248,300 Baltimore & Ohio 100 70,700 4% preferred 100 14,400 Bangor & Aroostook 50 1,480 5% conv preferred 100 62,600 Barber Asphalt Corp 10 290 1,050 4,200 1,200 2,700 5,700 2,200 2,500 8,300 Co—20 * Daniels Midland-„ 12,100 Atl G & W I SS Lines... 15,300 1,690 8,000 3,700 3,500 7,300 14,500 600 Archer 2,700 Associated Investment Co—* 1,020 5% pref with warrants._ 100 590 5% preferred ex-warr 100 367,400 Atchison Top & S Fe lOo 37,700 5% preferred 100 91,500 Atlan Coast Line RR __100 22,900 96,700 4,300 143,800 11,000 5,200 1,390 5,300 14,400 8,800 1,210 362,200 RANGE IN MAY Jan. 3 Jan. 1 Shares EXCHANGE-STOCKS Mar. 30 Mar. 10 Feb. 27 8 Jan. 10 Jan. 5 12 •>an. 3 14 May 25 4 1 Jan. 1 Apr. 11 8 Mar. 1 8 Mar. 1 20 10 May 25 3 Apr. 29 8 8 Mar. 16 Jan. 6 945* Apr. 11 4 Apr. 295* Apr. 3 Apr. 215* Apr. 16 Apr. 115* Apr. 115* Apr. 3 8 Mar. 7 8 Jan. 4 11 Jan. 4 8 Jan. 4 Mar. 9 10 11 10 10 10 1 Apr. 6 Mar. 31 5 Apr. 10 185* Apr. 11 25* Apr. 10 7 Apr. 11 255* Apr. 11 8 115* Apr. 135* Apr. 10 Mar. 1 485* 11B Jan. 5 Feb. 28 Jan. J an. 3 5 May 29 Jan. Mar. Mar. 3 6 9 Jan. 4 May 29 Jan. Mar. May 5 9 5 Feb. 15 Jan. 17 8 11 Jan. Jan. 5 iSh Apr. Apr. Apr. 11 Jan. 44 Jan. 4 8 35* Apr. 8 295* Apr. 45* May 19 §85* 77 Mar. 30 Apr. 135* Apr. Apr. Apr. 110 Apr. Apr. 1035* Mar. Apr. Apr. 10 Apr. 64 Apr. 185* Apr. 25* Apr. IVA 109 20 Feb. 1 Jan. 4 6 Jan. 3 Mar. Mar. 9 Jan. 9 11 11 1 3 Mar. 11 Jan. 14 May 25 8 17 Jan. 4 4 Mar. 14 11 8 Jan. 10 Jan. Mar. 22 Apr. 11 8 35* Apr. 35* Apr. 11 Jan. 18 27 10 4 88 4 18 May 25 Jan. 3 I Mar. 11 I Jan. 9 I Feb. 17 12 3 May 19 Jan. Jan. 5 3 Mar. 11 Feb. 24 AGGREGATE SALES May 1939 Jan. 1 9,700 14,300 1,860 130 2,500 I,200 3,000 41,700 2,400 3,700 900 2,600 600 2,100 2,300 2,900 4,000 600 8,600 500 300 700 600 500 100 1,400 10,000 140 338,500 29,200 6,460 30 500 1,700 60 10 250 1,600 """20 14,300 38,600 70 5,800 700 42,300 1,000 8,500 1,070 30 2,800 560 320 100 31,000 11,300 3,000 4,900 600 66,200 1,900 180 19,500 400 27,800 600 33,200 65,200 14,300 99,600 1,000 3,900 100 110 20,300 1,400 10 380 1,200 1,800 121,000 6,900 6,600 53,400 1,200 900 100 500 8,100 22,800 12,300 3,400 20,800 1,300 31.300 12,300 35,200 23,200 5,100 1,890 12,600 700 II,800 56,400 1,200 3,000 8,700 15,600 200 1,700 11,200 490 14,300 700 190 8,600 830 800 6,600 4,800 91,500 45,500 170 854 23 54 Sale 10 Sale Sale 87 89)4 Sale 100 Sale Chicago Pneumatic Tool * $3 conv preferred * Prior pref ($2.50 cum aivs) * JChicago R I & Pacific 100 7% preferr ea 100 6% preferred ----100 Chicago Yellow Cab— * Chickasha Cotton Oil 10 Childs Co * Sale 11,500 79,100 7,300 2,800 6,700 7,700 6,200 3,300 17,100 60,900 Preferred a?* Sale Sale Sale Sale Sale 35 Sale Sale 80 62 Sale Sale 111 c.25 44 H 39)4 Sale Sale Sale 127)4 100 7)4 2934 65 103 Sale 107 50 Sale Sale Sale 7)4 Sale Sale Sale Sale 30)4 Sale 48,100 7,200 3,700 6,400 1,430 see 5 4 4)4 15)4 15)4 1554 16 19)4 78 81 9 88 10 Sale 29 26 May May May May May May May May May May May May May May May May Sale 854 24 20 H 2754 Sale 42)4 10854 95 10434 106 10934 46 Sale Sale Sale 109)4 Sale Sale Sale Sale Sale Sale Sale 8)4 78 86 Sale Sale Sale Sale 6)4 934 Sale 3 Sale 354 Sale Sale 17 95 Sale Sale Sale 92)4 93)4 uijf 11334 Sale Sale Sale Sale 176)4 Sale * * 40 Sale 5 Sale ♦ Sale Crucible Steel of America--100 Sale 100 Sale Cuba RR 6% preferred —100 Cuban American Sugar 10 Preferred -----100 Sale Sale Sale Sale ——* Sale Corp.———.1 Sale ——.1 Sale 83 c4^ Sale 7 18 Sale 110)4 10834 Sale 10 Sale 1)4 Sale 54)4 26)4 Sale 53 6 2134 3)4 5 19 6)4 7 Sale 6 6 Sale 7 73 81 83 84)4 654 51 Sale 79 Sale 10734 110 11)4 Sale 154 Sale 59 Sale 2854 Sale May May May May May May May May May May May May May May May May May May May May May May 7)4 £2354 Sale 554 Sale 6 54 5 21M 76* 8tn 7 Sale Sale 81 86)4 Sale 1)4 Sale 9 1054 1034 8)4 3134 Sale 29)4 Sale 105)4 Sale 10634 Sale 634 Sale 554 754 Sale 734 Sale 2 2 1)4 1)4 3 3 254 254 12 13)4 1034 10)4 94)4 99)4 Sale 93)4 10 1034 1154 Sale Sale 13 16)4 Sale 154 Sale 154 Sale 89 90 96 37)4 36)4 Sale 114)4 116 7)4 534 Sale 31 H 31)4 35 Sale 254 02)4 Sale 23 2354 20 )4 Sale 2354 51 53)4 63 5734 Sale 174 H 171 166 5)4 454 Sale 113 2 95)4 29 1254 24)4 Sale 24 9734 £9954 3034 30 Sale 11)4 Sale 24)4 31 35 36 30 31 31)4 10 )4 Sale 78 80 27 28 69)4 73 434 5)4 454 Sale 62 Sale 1254 1134 4)4 Sale 41)4 4054 554 Sale 30)4 66)4 354 354 56 11)4 454 4654 83 46)4 1634 Sale" 5 454 16)4 1554 554 109 Sale Sale 36 Sale 113 Sale 5)4 3134 2)4 Sale 22 Sale Sale 20)4 5254 Sale 56 Sale Sale 171)4 4)4 Sale Sale 21 Sale 9734 Sale 29 Sale 10)4 Sale 23 40)4 35 3054 10)4 33 Sale 79 77 Sale 2554 65 73 4)4 4 64 H Sale 354 354 58 11 26)4 Sale 4)4 Sale 41)1 Sale Sale 25 H 74 77 Sale Sale 5 54 24)4 Sale 80 90 82 55 65 Sale 49 14)4 5 6)4 Sale 20 16)4 1654 6 634 534 110)4 11054 109 17 . 20 102 30 11 1)4 10 32 4454 54 54 54 7)4 % 10 Mar. 21 3 Feb. 25 Jan. 11 11 10 £25)4 Mar. 2 2 25 16 24 40)4 Mar. 9 24 90 Mar. 2 Apr. Apr. May May Apr. Apr. Apr. Mar. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. 21 54 354 54 3)4 13)4 Jan. 14 Jan. 4 Jan. 4 10 8 19 8 Mar. 11 Jan. 5 !« 8 22 3 Jan. 4 Jan. 4 4 3)4 4 20)4 Jan. 38)4 Mar. 14 48)4 Mar. 11 Jan. 21 10 11 1 20 75* 85 1)4 10)4 3254 107 18 1 16 16 3 5 8 1 23 8 6)4 8 2)4 3 12 99)4 1154 1654 1)4 97)4 Feb. 1j4 Jan. 5 8 Jan. 3 Mar. 5 9 Jan. 11 5 Jan. 5 52 May 1 58 2)4 Apr. 8 9 15 13H 8 8 11 Apr. 8 Mar. 11 Jan. May Fep. 5 4 Feb. 3 115 9 29)4 Mar. 10 20)4 Apr. 11 7454 Jan. 23 14 14 73 7)4 23 54 5)4 74)4 11 29 31 17 24 19 20 13 5 19 10 24 31 31 2 3 3 31 31 25 3 25 Apr. Apr. Apr. Apr. Apr. Apr. Jan. Jan. Apr. 1* 17* 3 Mar. 11 5 140 May Feb. 10 69 Ill 1 4 Jan. 4)4 Jan. 26 8 140 68 Mar. 13 78 2 5 15 16 6 2 4 29 5 15 23 5 4 3 4 11 2054 May 27 2054 May 26 11 93 11 1554 Jan. 30)4 Mar. 10 8 Jan. 10 9 3 91 Feb. 3 4 6- 9 Mar. 14 Feb. 8 83 13 62)4 j an. 3 57 10 3854 6 109)4 Mar. 20 105)4 Apr. Jan. 3 60 8 42 Apr. Feb. 14 106 Apr. 14 110 Apr. 10 Mar, 31 3 Jan. Apr. 10 Apr. Apr. May Apr. Apr. Apr. 73 Apr. 79)4 Apr. 1)4 Apr. 8)4 Apr. 27 Apr. 10154 Jan. 454 Apr. 7 Apr. 154 Apr. 154 Apr. 9 Apr. 93)4 Apr. 954 Apr. 11)4 Apr. ol* Apr. 88 Apr. 5 19 554 454 18)4 554 32)4 Apr. May 31 May 22 38 May 31 May 8 116 8 May 27 May 1 May 29 May 2 35 May 1 2J4 May 29 9 May 19 24)4 May 16)4 Apr. 23 54 May 31 May 1 49 Jan. May 2 5754 May 31 54)4 Apr. 63 May 31 May 2 Apr. May 18 174 H May 31 171 3 )4 Jan. 5 54 May 31 May 1 21 Apr. May 18 24)4 May 29 93 Apr. May 25 May 4 100 2654 Jan. 4 May 12 3054 May 7)4 Apr. 1 May 19 1254 May 20)4 Apr. May 10 May 18 2§* May 23 35 May May 4 36 28 Apr. May 4 32)4 May 25 9 Apr. 1154 May 25 May 1 75 Apr. May 19 7954 May 12 24)4 Apr. May 31 May 18 65 May May 9 May 17 3)4 Apr. May May 11 3 Apr. May May 26 49 Apr. May 24 65)4 May 1054 Apr. May May 19 12 3)4 Apr. May May 1 38 Apr. May 31 May 2 4)4 Apr. May 2 May 17 19)4 Apr. May 25 May 17 27 73)4 Apr. May 3 May 3 84 45 Jan. 55 May 26 May 11 13 54 Apr. 17 May 31 May 18 4)4 Apr. May 29 May 6 16 Apr. May 25 May 2 454 Apr. 654 May 16 May 2 Apr. May 1 11054 May 19 107 47* 6 1 10 79 7 5354 18 2 1 17 108)4 May 954 1154 May 31 1 )4 1)4 May 25 4554 2 5954 May 26 £2554 2854 May 31 May May May May May May May May May May May May May May May May May May May May May May 5 Jan. 3 Jan. 11 33 9 85 x Mar. 14)4 May 23 96 May 23 25 2054 May 27 2054 May 25 90 May 26 11 May 11 28)4 May 11 9 654 May 89 May 31 77)4 May 17 4754 May 26 106 May 20 51)4 May 31 7)4 23 54 31 554 6)4 24 17 •2254 8 11 Jan. 86 y< 1)4 )4 154 9)4 )4 54 54 Jan. 13 3 45)4 May Jan. 42 2 45)4 May 60)4 Jan. 36)4 Apr. 11 42 May 3 3054 Mar. 21)4 Apr. 11 29)4 May 10 Mar. 5 135 133 May 29 127)4 Jan. Jan. Apr. 11 133 130 May 15 114 Mar. 62 7 Jan. 58 6154 May 15 Mar. 11)4 Apr. 10 16)4 15)4 May 10 1 105)4 May 101)4 Feb. 105)4 May 29 8 36)4 Jan. 20)4 Apr. 2754 May 31 8 108 May Apr. 108 May 15 100 20 May 20 18 May 20 May 23 8 2354 Jan. 11)4 Apr. 16 May 31 Jan. 7 1 Apr. 3 5 May 4 954 Jan. 4)4 Mar. 31 6)4 May 27 7)4 Jan. 4 May 16 4 % May 4 May May May May May May May May May May May May May Sale 20 89 Sale 4)4 7534 4734 Sale page 40. 5 79 Sale * * 4 354 Sale Sale * Davega Stores Corp—— —.5 Conv 5% preferred —25 Davison Onem Corp (The)—.1 Dayton Pr & Lt 4)4 % pref-100 6 84 Crown Cork & Seal Cutler-Hammer Inc 6 18 12 H 4)4 72 Crosley Corp (The)———* 100 .——.— * 5 24 Sale 65 Sale Cream of Wheat ctfs ... 1534 354 5 Sale 5 it* 188 10 1534 6 25 102 22 Sale 8 Sale 1H 10)4 31)4 7 4 19 12 11 5 8 27 31 15 17 May 24 54 133 130 12934 119 H Sale 12734 Sale 62 60 34 60 6134 6034 Sale 13 34 15 1354 Sale 10534 10754 103)4 103 34 104 22 54 22 54 Sale 2754 Sale 107)4 11034 104 10034 104 12)4 _ 38 )4 May 120 60 Sale Sale Cudahy Packing — .50 Curtis Publishing Co (The)--* 45 H 46 2834 17 8 19 78 12854 Sale —.100 $8 preferred 25 75)4 " May 11334 May 22 115 2254 May 16 2434 May 39)4 Sale Sale 5% conv preferred Curtiss Wright Class A 114 25 Sale Sale Preferred 70 Sale Sale — 65 70 24 ------25 - 254 Sale 1754 1834 113 ——————---1 Preferred 3)4 2054 93 Sale 25 preferred 60 Sale Corn Products Refining Preferred conv Sale Sale Sale Sale $5 Sale 24 Continental Steel Corp ...* Corn Exch Bank Trust Co--20 w 32 63)4 Sale 954 954 73 Sale pref w 9. Sale Sale 27 85 52 May May May May May May May May May May May May May May May 54 54 54 May 8 May 1034 May 934 May c25 May 8 62)4 May 17 9 Vs May 6 85 May 1 52 May 1 254 May 1 1754 May 18 L40 May 5 68 May 26 1 114 Continental Oil of Dei-.--.-5 conv 1134 33 34 45 77 Sale 300 Cushman Sons 7% pref For footnotes Sale 2.50 1 Preferred ex-warrants 8)4 1054 934 131)4 59)4 14 54 ~ $2.25 )4 134 )4 154 1054 34 54 34 154 54 54 54 127 Continental Can——... 20 1.50 preferred — * Continental Diamond Fibre--5 Crown Zellerbach Corp 88 Sale* 25l Sale — 21,700 14,600 57,800 90,200 1,200 6,600 115,300 3,200 169,700 6,700 1,560 41,900 2,230 16,500 48,000 36,300 956,700 263,600 54 H 34 Sale 154 2 1234 Sale 32 35 40 45 30)4 May 17 2)4 Sale 2534 * ------ 1)4 12)4 60 5% preferred v t c 100 1,500 4,800 Consumers Pow Co $4.50pref.* 94,500 Container Corp of America.-20 143,600 Continental Baking Co class A * Class B * 86,200 8% preferred— —100 14,300 276,100 Crane Co 28/8 42 —* 42,000 Congoleum-Nairn Inc * 400 Congress Cigar 640 Conn Ry & Ltg 4)4 % pref--100 1 220,600 Consol Aircraft Corp —* 8,900 Consolidated Cigar 7% preferred ------100 260 6)4% prior pref 100 2,270 19,600 Consolidated Film Industry. .1 $2 partic preferred * 29,500 216,520 Consol Edison Co of N Y Inc $5 preferred * 58,600 -.5 48,100 Consol Laundries Corp * 401,100 Consolidated Oil Corp 12,200 Consol RR of Cuba 6% pf-100 Coty Inc 2^ 2834 70 >4 7?5* Continental Insurance Continental Motors 2* ib 70 188 125,650 6,100 53,600 64,300 570,000 172,500 25,600 8,880 78,900 3,300 247,900 98)4 May 29 19)4 May 9 854 May 5 19 May 17 .. ?8 v t Sale Sale 954 Sale Sale Sale Sale 214,700 Colgate-Pafmolive-Peet Co— 6% preferred —100 102" 7,800 35 £ * 52,200 Collins & Aikman 5% preferred —100 105 2,760 20 * 30 Colonial Beacon Oil Co 2154 31,700 Colorado Fuel & Iron Corp--* —100 634 3,390 Colorado & Southern 4% 1st preferred 100 3,340 4% 2d preferred -—100 1,220 Columbia Broadcasting System Inc class A 2.50 62,300 Class B 2.50 29,075 93 * 16,600 Columbian Carbon v t c 15 28,000 Columbia Pictures Corp v t C-* 29 $2.75 conv preferred * 3,000 Columbia G & El common.—* 863,500 6% preferred series A 100 23,000 50 5% preferred -.100 1,340 57 10 133,000 Commercial Credit 414% conv. preferred—100 107)4 1,900 60 Comm'l Investment Trust—.* 146,000 $4.25 conv. pref ser of 1935-* 108)4 2,100 Commercial Solvents ..* 11)4 640,000 748,200 Commonwealth & Southern. $6 preferred —* 130,500 27)4 495,800 Commonwealth Edison Co.-25 11,700 Consolidation Coal Co 20)4 9)4 20)4 3334 89)4 Sale ■»•••••»«»«■ 15,900 Conde Nast Publications 20 Sale 2,470 Cieve Elec 111 $4.50 ser pref--* 17,900 Cleve Graphite Bronze (The)-l 260 Cieve & Pitts RR Co 7% gtd_50 90 Special gtd 4% stock 50 134,200 Climax Molybdenum Co—.. * 225,000 Cluett Peabody & Co— Preferred -----100 490 -* 21,000 Coca-Cola Co (The)— oirss AL ^ 4,600 • Sale 98 34 9 Apr. 1854 Apr. 654 Apr. 17)4 Apr. 27 Apr. 98 29 8 47)4 Jan. 9954 May 11 2154 May 10 10 May 10 21 )4 May 9 34)4 May 31 89 May 12 May 3 234 May 10 3 54 May 9 2)4 May 12)4 May 31 54 May 20 54 May 29 2 54 May 5 1)4 May 14 May 4 35 May 4 47)4 May 29 May 5 May 5 May 16 8 May 31 May 26 9 11H May 26 34 May 8 7154 May 31 14)4 May 26 96 May 23 May 1 52 3 May 25 20)4 May 25 May 5 140 68 May 26 28 100 5 4 4 52)4 Jan. 8 33 98 21 1854 3154 Sale 8734 88 54 2 )4 34 234 1054 Sale 10 8 3934 May 31 8)4 May 31 3054 May 29 27 1954 Apr. 6)4 Apr. 22)4 Apr. May 1 May 17 May 17 7 A 50 Highest Sale Prices Sale 8)4 54 38H Lowest Sale Prices 25 Sale Sale Highest Sale Prices 36 Sale 39 Sale 754 Sale Sale 720 Chile Copper --25 5 1,558,100 Chrysler Corp * 55,500 City Ice & Fuel---— 6)4 preferred —100 12,150 60 City Investing Co ----100 -—---5 10,500 City Stores * 20,300 Clark Equipment 60 Clev Cine Chic & St L Ry_.100 70 5% preferred 100 7,500 1,300 450 Sale tChic & East Illinois RR—100 6% preferred. --100 JChicago Great Western—100 4% preferred —100 Chicago Mail Order Co -.5 JChic Milw St Paul & Pacific.* 5% preferred 100 24,900 61,600 JChicago & North Western-100 230 3,200 ,30 „_ 10,300 7,900 18,000 18,800 20,600 24,000 50 500 42 101X 102 X 36 Lowest Ask Ask Bid Bid 50)4 Sale 11 Ji Sale ♦ 95,800 Cerro de Pasco Copper 1 151,500 Certain-Teed Products6% prior preferred 100 15,810 Champion Paper & Fibre Co 990 6% preferred 100 Common * 20,200 ---5 6,700 Checker Cab 23,600 Chesapeake Corp * 320,100 Chesapeake & Onio —25 Preferred series A -.100 10,600 _ Ask Bid Sale Prices May 31 May 1 Par Shares Shares 1 Jan. 3 N. Y. STOCK EXCHANGE Since RANGE SINCE JAN. PRICES IN MAY Price stocks In 33 n. y. stock exchange—stocks June, 1939] 6 11 31 17 11 10 4 18 1 11 11 1354 Feb. 25 6 2)4 Feb. 64)4 Mar. 9 May 31 Feb. 1 3054 Jan. 5 6 Mar. 31 8 Jan. 85 Feb. 88 Mar. 27 1 5 2)4 Jan. 12 H Mar. 10 Mar. 10 35 4 107)4 7)4 11 9)4 11 3)4 8 11 11 27 99)4 10 16)4 10 22)4 2 10 8 100 15* 11 5 3 25)4 Jan. 8)4 Feb. 28 44 Mar. 6 Mar. 10 Jan. 6 Jan. 5 Jan. 3 10 Jan. May 31 Jan. 3 Mar. 1 Jan. 3 Mar. 3 Jan. 4 1 116 8 11 10 May 31 5 1054 Jan. 3554 Mar. 7 Jan. 16 11 Jan. 11 Jan. 26 May 31 31)4 29)4 57 h 19 66)4 21 17654 26 654 8 38 12 110 3 11 8 4 11 8 14 8 fl* Mar. Jan. 3 4 10 6 Mar. 9 j an. 3 Jan. 3 Mar. 9 Apr. 29 3 41)4 Jan. 40)4 Feb. 28 37)4 Mar. 4 1454 Jan. 4 Jan. 10 4 91 4754 Jan. 96 Jan. 6 6 6 Jan. 8 5 21 3 2 17 5 11 1 _ 14 11 11 May 65)4 May 16 Jan. 4l* Jan. 4 9 Jan. 6 28)1 Jan. 3 Jan. 3 8 84 24 55 10 4 24)4 Jan. 6 654 Jan. 17)4 Mar. 10 12 11 May 3 May 26 8 Jan. 3 11 Jan. 26 AGGREGATE SALES In May 100 800 720 5,200 2,800 2,100 6,500 500 900 570 3,900 12,200 55,200 3,100 1,500 3,500 700 36,900 4,900 1,100 370 49,700 4,300 28,700 430 11,400 12 400 81,000 31,900 2,400 40,500 20,800 6,100 4,600 800 11,700 500 1,290 66,300 1,000 300 600 4,300 3,000 1,800 500 5,600 4,000 8,400 100 •470 7,400 3,200 2,900 60 400 393,300 18,000 9,600 237,700 148,800 6,400 7,300 10,060 25,200 12,900 21,600 79,500 3,800 7,700 4,000 32,400 107,100 429,100 31,000 18,200 92,300 2,800 3,500 3,500 3,800 1,200 11,400 29,500 136,300 1,250 79,900 66,900 338,600 270,800 38,100 449,700 134,500 41,300 33,100 7,200 65,800 4,900 4,350 586,000 9,400 8,300 4,800 34,400 72,700 30,600 10,100 28,900 52.600 82,700 5,300 2,340 68,300 21,600 12,600 1,130 2,000 47,200 12,700 27,800 15,200 5,200 51,000 1,900 5,700 20,300 1,700 2,500 1,000 4,400 200 10,800 70 1,000 30 3,300 1,100 2,600 1,200 1,170 50 1,700 300 200 3,600 100 7,610 6,700 240 1,500 18,800 4,000 500 4,700 30 178,800 38,900 700 7,500 240 5,100 2,480 266,000 4,200 300 3,500 4,800 250 1,200 3,900 14",500 1,400 7,900 1,550 4,300 6,000 1,600 24",900 15,200 2,000 73,200 11,800 51,400 196,100 5,800 6,100 11,100 16,400 2,030 90,200 Ask 20% Sale 25 24H 15% 24* Sale Sale 1% 113% 30% 30% 42 8% * * 12 % 3m 22% Devoe & Dixie-Vortex Co Class A Doehler Die Casting Co Dome Mines Ltd * * Douglas Aircraft Co Inc * Chemical Co —.* Dresser Mfg Co ' - Eastern Rolling Mills. 5 Eastman Kodak Co of N J—* 100 ..4 .-* .5 6% preferred Eaton Mfg Co ... Eitingon Schild Electric Auto Lite (The) Electric Boat ---3 Elec & Musical Industries American shares Electric Power & Light $7 preferred $6 preferred ...... Electric Storage Battery Elk Horn Coal Corp El Paso Natural Gas Co— * * * .* * 3 50 5% preferred —100 Engineers Public Service.....1 5 conv preferred.-—.-.--* 5.50 preferred w w * .6 cum preferred —* Equitable Office Building * Erie RR-... 100 4% 1st preferred— ...—100 4% 2d preferred ... 100 Eureka Vacuum Cleaner—.—5 Evans Products Co—......5 Ex-Cell-0 Corp 3 Exchange Buffet Corp —* Fairbanks Co 8% preierred.100 Fairbanks Morse & Co —* Fajardo Sug Co Porto Rico..20 Federal Light & Traction... 15 $6 preferred.. -* Federal Mining & Smelting.100 Preferred— 100 Federal Motor Truck —* t Federal Screw Works— * Federal Water Service A * Federated Department Stores.* 4% % preferred—...—100 Fidelity Phenix Fire Ins—2.50 Filene's (Wm) Sons Co * Firestone Tire & Rubber.... 10 6% preferred series A..—100 First National Stores..—.—* Endicott-Johnson. . Flintkote Co Florsheim Shoe Sale Sale 138 Sale 119 123 110% 117% 10% Sale 10% 9% 32% Sale 13 12% 30% Sale —..——* 28,600 1 23,600 General Printing Ink 86 preferred..——.* 750 16,500 General Public Service..—* 60,900 General Railway Signal—* 6% preferred... 100 340 92,900 Gen Realty & Utilities Corp..1 86 preferred -—.——* 15,200 Sale Sale 114 104 139 Sale Sale 137% 119% 121 115% Sale 13% Sale 4% Sale 8% Sale Sale Sale 114 147 138 Sale Sale 120% 121% 116 110% 15% Sale Sale 5 . Sale 19% 1% 26 2% Sale 11% Sale 37% Sale 2% 2% 7% Sale 24% Sale 9% W4 30 Sale 21 Sale 25% 1% Sale 22 Sale 1% 29 Sale 43 Sale Sale 33 41 105 110% 9% 00% 71% 70 Sale 8% 78 Sale % 1% Sale 2% 2% 1% Sale Sale Sale 13 08% 70 72 1% Sale 4 Sale 07% 78 2 Sale 64 08% Sale 4% 2% 39 38 Sale Sale Sale 7 aV4 43 Sale 17% Sale 1% 1% 4 5% 20% 20% 28% Sale 26 24% Sale 1% 0% Sale 13 U% 12% 81 85 89 94 105 102 107 97 115 101 4% Sale" 3% Sale 3% Sale 2% 2% Sale Sale 2l% 'a\* 80% Sale 34% Sale 18 24% 99H Sale 100 Sale Sale 36 19% 324A 3 Sale 22 21% 80% Sale 15% 24% 19% AV4 101% Sale 40% Sale 18 J* 18% 20% 27% 18% 10% 1% Sale 21% 22% - 10% 90 87 2% 07 4 Sale °/± 9 100 59 4% Sale Sale 140 4% Sale 140 Sale Sale 45 23% Sale Sale 130 1% 39 78 Sale 33% 42% Sale 23% 8% 51 Sale il3 1% Sale Sale 1% 1% 4 Sale 29 Sale 24% Sale 15% 90% Sale 91 105 95 101 % 101% iff 24* Sale Sale Sale 26 Sale 87 Sale fi ill Sale 105 46 Sale 21% 30% 18% Sale 2 32 2 2% 10 Sale 4% 15% 48% 47 Sale 9 Sale 138% 140 2% Sale 11% Sale 23% Sale 45 21 Sale 57 124 8* Sale Sale Sale Sale 42 47 Sale 80 Sale 38 aV4 Sale 15 17 99% Sale Sale Sale Sale 59 80% 120% 118% Sale 44% 41% Sale 122% 123 % 124% 30 33 36 4% 5% 4% , 7% 108 Sale Sale Sale Sale 36 Sale Sale Sale 110 Sale 109 1 % % 15% 15% 87 90 W* 87 11% 1% 15% 16 23 24 a > % 18 10% 15% AS4 10% Sale 10% 12 97% "18% Sale 0% Sale 48 50 16% 67 0% Sale 98% 90% 122 106 si* Sale 4% 1% 22% 73 1% 2% if* 18% 101% 40% 18% 17 20% Sale 100 n 19 Sale" 32 May May May 22 May 86% May 31 May 3 28 aV4 00% 2% 23 B* 179 29 25 3 27 31 8 25 25 19 25 11 26 5 31 31 31 2 19 11 25 31 31 26 9 4 31 26 9 2% May 8% May 31 May 10 24% May 10 29% May 31 J*4 May 3 35% May 31 38% May 10 107% May 17 10 May 29 31 J3% May 31 77 May 9 85 May 24 1 May 1 1% May 10 3 % May 31 May 9 May 8 8% May 31 19% May 25 1% May 24 S4 May 9 30 May 31 27% May 3 15% May 31 90% May 29 100 May 10 28 \V* Sale 16 23 25 2 25 1 3% May 10 2% May 10 1% May 3 25% May 25 87 May 4 34% May 29 89 Sale 2% 19% May May May May May May May May May May May May May May 1% May 2% May 8 % May 9 % May 95 May 21 May May May May May May May May 108 May May May May May 2i« May 104% 46% 22% 30% 18% .2% 29 si* 2 2% ,1* 100 4% May 14% May it* 47 % May 47% 5% May 97% May 44 May 8% May 138 May 2 % May 9% May 19% May 50 May 19% May xl 25 May 32% May 41% May 115% May % May 45% May 79% May 117 May 40% May 123% May r31 May 4% May 7% May 108 May % May 16 May 7 97 47 \ 9% 140 11% 51 21 £125 It* 116 nA4 59 80% 120% 45% 125 36 5% 8% 109 1% 18% May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May 24 19 25 26 2 2 29 12 25 31 10 3 25 31 10 31 29 16 1 25 31 3 31 16 31 31 8 2 31 31 26 25 9 29 8 24 25 29 31 Apr. Apr. Apr. Apr. Apr. 28 Jan. 38 Apr. zl03%Mar. 7 Apr. 62% Apr. 65% Apr. 69 Apr. % Apr. 1% Apr. 2 Apr. 1% Apr. 4 Jan. 6 Apr. 14% Apr. 1 Apr; 2% Apr. 24 Apr 20 Apr. 11 Apr. 81 Jan. 85 Apr. Apr. Apr. May May Apr. Apr. Apr. Apr. Apr. Jan. 21 1% % 18% 83 1 20% May 25 6% May 29 52 May 26 May May May May 15% May 17 3 22 29 31 4 26 31 4 1 11 Jan. Jan. 16 Jan. 3 Mar. 29 Jan. 3 Jan. 5 Jan. Jan. 5 13 Jan. Jan. 25 Jan. 5 18 Mar. 10 May 19 Feb. 27 Mar. 2 38 A4 36 7 30 11 86 l'/4 Jan. 2\> Jan. 5% Jan. 10 3 3 11 11 11 10 11 10 11 it* 2|8 Jan. Mar. Jan. 8 3 4 4 5 8 3 Jan. 3 Jan. 20 6% Feb. 27 43% Jan. 15 4 29% Jan. 16% Mar. 4 24 90% May 29 5 110 Mar. 15 13 101% Apr. 13 10 Jan. Is Is 6 7 19 Jan. Jan. Mar. Feb. Mar. Mar. 6 36 Jan. 5 12 20 Mar. 1 5 24 25 11 1 11 11 10 16 8 8 8 14 3% 35% 5 108% 1 29% 2 90% 10 19 11 6 10 17 25% Mar. 9 104% May 24 48% Feb. 16 4 31% Jan. 1% Apr. 2% Apr. 18% Mar. 13 10 10 30 1% Mar. 13 Jan. 26 103% 14% 6 3 5 11% Mar. 10 78 Jan. 20 Jan. 20 80 ¥ 21 Jan. 43% Jan. 111 29 1% Feb. 30% Mar. May Apr. Apr. Apr. Apr. May Apr. May Apr. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 6 9 13 3 10 4 Jan. 13 Jan. 5 3 3 11 14 Jan. 3 9% Apr. Apr. Apr. Apr. Mar. May 10 2% Jan. 5 11 5 8% May 17 94 44 100 Mar. 27 3% 13% 47% 5% 10 Jan. Jan. 96 Jan. 40 Apr. 8% Apr. 134 Jan. 2% Apr. 10 22 17 26 8 ¥ 5 3 Jan. 17 Jan. 3 9 103% Mar. 28 5 60% Jan. Mar. 9 11 10 18 148 1 Mar. 31 9 8 17% Apr. Apr. 10 43 Mar. 13 Jan. 4 Jan. 4 Jan. 35 3 75 Jan. 4 6 25% Jan. 130% Mar. 31 5 44% Jan. 1!* 19% May 12 May 16 Apr. 11 May 31 36% Jan. 27 45 114 Jan. 3 117% Apr. 11 £125 31 % Apr. 10 39 Jan. 72% Jan. 117 May 36% Apr. 121% Apr. 28 Apr. 4% Apr. 7 Mar. 105 Apr. % May 14 Apr. 90 % 15% 21 % 16% 16 3% Mar. 6 12% Jan. 19 41% Jan. 20 Jan. 6% 20% 18% 23% % 67 9 25 11 25 8 4 Jan. 4 Apr. 1 5 138% Apr. 26 186% Jan. 175 8 May 3 183% Feb. 15% Apr. 11 27% Mar. 10 3 % Jan. 4 1% Apr. 8 22% Apr. 11 38% Mar. 10 8% Apr. 10 15% Jan. 4 32 17% May 6% May 49 May 8* 16% Sale Jan. 12% 35% 22% 33% 78% Apr. 11 mn Apr. 11 135 Mar. 31 11% 10 Mar. 10 19% 10 Apr. 14 12 108 Apr. 12 115 126% Apr. 11 156% 136% Jan. 25 142 117% Jan. 26 122 4 118% 115% Jan. 18% 12% Apr. 11 11 20% Sale 6% Sale 50% Sale Sale 10 29 4 Sale 15% Sale Apr. 17 27 18 Mar. 31 iVA Sale Prices 24 Mar. 9 26 Feb. 10 15% Mar. 11 25% Jan. 8% Jan. 8 1% Jan. 28 13 123% Feb. 10 32% Jan. 33 May 3 Jan. 12 44 9% Jan. 1 10 20% Mar. 23 87 Mar. 10 25 31 10 8 30 31 11 24 31 10% May 10% May a* 17% Apr. Apr. 11% Apr. 12% Apr. 4 Apr. % Apr. 103 Apr. 18% Apr. 28 Apr. 39 Apr. 5% Apr. 15% Apr. 79% Jan. nV4 May IP4 23 27% 16% 17% 99% 38% Apr. 16% Apr. 25 Apr. May May 26 May 21% May 17% May 13 May 13 May 3J Sale Prices 101J Sale 27% Sale 107% 18 2% May 7% May 24% May 21% May 25% May 1 May 32% May 38 May 104% May 8% May 67% May 72 May 78 May % May 1% May 2% May 1% May 4% May 7 May 16% May 1% May 3% May 24% May 24% May 13 May 87 % May 95 May 43% May 6% May 19 May 83 May 10 May May May 32% May 71 May 115% May 7% May 12 May 10% May 114 May 147% May 138 May 122 May 118 May 16% May 27 25 11 31 21 Sale 1% Sale 6% preferred 100 110 206,000 General Tire & Rubber Co...5 5 127,000 Gillette Safety Razor 85 conv preferred———* 15,400 Sale 1% 4% 118 Sale Gen Time Instrument Corp..* 1% 3% 3 20% Sale 14% 15% 85 Sale Sale Sale 10% Sale 107% 90 128 Sale 124% Sale 50% Sale 123% Sale 34 >| 0% Sale 20 120 43% Sale 39% Sale 114 57 Sale Sale Sale 14% 72 127 83% 46 2%, Sale 9% Sale 19 20% W. iv4 77. it* 133 Sale Sale 35 50 0% 5% 90% 103 44 % 43 8% Sale 104% Sale 38% Sale 100% 106% 9% Sale 14 51% Sale 1% 46 Sale 9% Sale 133 Sale 95 Sale 6 20% 2 1% 2% 2% 9% 8% 9% Sale 101 51% 38 19% Sale 95 18* 3% Sale 35 aVA Sale 13 14 107 106 2% Sale 1 Sale 31 3% Sale 58 48% 29% Sale 2% 8% 27% 24% 29% 20 5 May 166% May May 23% May 1 % May 30% May 12% May 4% May May May 19 May 1% May 25% May 9% May 143 30% Sale 40. Sale 175 Gen Steel Castings 86 For footnotes see page 32 166% Sale General Refractories.....—-* pref...* 10% 34 Sale 175 179 Sale 21J4 Sale 19% 1% Sale 1% 29 % Sale Sale 11% Sale Sale 19% Sale 40% Sale General Telephone Co.__—20 Gen Theatres Equip Corp * 10% 33 15 70% 115% Sale 7 7% 11% 11% Sale 9 10% 10% Sale Common..... Sale 83 5% May 16 1 May 19 81 9% May 18 4 32% May 3 12% May May 1 W4 May 1 59 May 18 112 6% May 19 10% May 22 10 May 17 May 31 114 139 May 1 136% May 16 May 3 120 1 115% May 12% May 18 16% May Sale 107% Sale 61,410 Gen Amer Transp Corp——5 ——5 85,800 General Baking Co 88 1st preferred ---—* 960 14,900 General Bronze.....—..——5 General Cable..—.......—* 154,400 Class A. .——————* 24,400 Preferred 7% —---100 4,200 General Cigar Inc...———* 20,000 7% preferred —— 100 840 ...———* 1,028,700 General Electric .....——* 206,700 General Foods 84.50 preferred— —* 5,600 62,200 General Gas & Electric cl A—* 86 conv preferred A——* 740 ———---* 29,800 General Mills 6% preferred .....100 5,060 1,971,800 General Motors Corp.———10 Preferred 5% ——* 19,700 3,400 Gen Outdoor Advertising A—* 0% Sale 3% Sale 34% Sale 15% Sale 18 42 Sale % 178 10 9,900 Gabriel Co (The) class A-—-* 33,500 Gair Co Inc (Robt)—..——-1 preferred -.—-.-10 13,700 -—* 4,480 Gamewell Co (The) 390 Gannett Co Inc conv 86 pref-.* 24,100 Gar Wood Industries Inc....3 7,600 Gaylord Container Corp——.5 5% % conv preferred 50 2,300 30,200 Gen American Investors—..* 86 preferred 800 —* Sale May May 5% May % May 118 May 26% May 33 May 118 May May 11 110 May 9 22 May 1 2 29% May 39% May 3 145 Food Machinery Corp 4 % % conv preferred.—-100 pref——...100 60,000 Freeport Sulphur Co.———10 Sale 13% May 14% May Sale (The) cl A—* Foster-Wheeler 1 Highest Lowest Highest Sale Prices 20% May 29 25% May 26 Sale Prices 17% May 23% May Sale 34% ——* —10 Sale 115 59 110 7% Sale 184 175 25 85 82 10% Sale 11% 12 Sale Sale . Sale 115 Ask 25% Sale 14 14% 17% Sale 5% Sale 1% %4 12% 14% 4% Sale 1% % 118 105% 111 26 22% Sale 33 29 29% 41 % 39 39% 5% 6% Sale 18% 10% Sale Sale 154 13 Sale , 86 Sale 110 Sale Lowest May 31 Ask Bid Sale 20% ' Sale 33 42% 31% 160 Franklin Simon Sale 78% Sale 132% Sale ——* IFollansbee Bros Sale Sale 20 84 —--.* (The). Florence Stove Co 1% Sale Bid 17% 23% * ... Dunhill International 450 7% conv preferred.. * 10,800 Francisco Sugar Co..---——* 71,900 14,920 4,900 37,600 6,300 Bid J Denver Rio Gr & West pf_100 100 Raynolds A * Diamond Match * Partic 6% preferred 25 Diamond T Motor Car Co—2 Distil Corp-Sea grams Ltd * 5% prer with warrants... 100 Detroit Edison • 140 "MOO * Preferred 20 Deisel-Wemmer-Gilb Corp. .10 Delaware & Hudson 100 Del Lackawanna & Western.50 Deere & Co__—.—— Duplan Silk... * 8% preferred 100 210 200,800 Du Pont de Nem & Co (E I) .20 v 100 6% non-voting debs 10( 15,800 81.50 preferred 1 6,200 2,100 Duquesne Light 5% 1st pf_100 223,700 Eastern Airlines Inc 100 'TM'O Par Dow RANGE SINCE JAN. 1939 May 1 Shares 50,600 5,200 1,500 31,300 14,100 IN MAY Jan. 3 EXCHANGE Jan. X Shares PRICES Price STOCKS N. Y. STOCK Since EXCHANGE-STOCKS Y. STOCK N. 34 Jan. % Apr. Apr. 19% Apr. 16 Apr. 15 Apr. 9% Apr. 10% May 98% Mar. 15% Apr. 5% Apr. 15 44 Jan. 3 A4 Jan. 5 59 May 31 86% May 31 Jan. 27 9 127 11 51% Mar. 9 26 8 125% Mar. 11 Feb. 28 4 38 10 31 15 110 188 29 8 3 19 27 11 8 28 11 11 28 11 10 26 A'4 28 Jan. Jan. Mar. Jan. Jan. 5 3 6 20 5 92% Apr. 6 Jan. Jan. Jan. 3 2^ 41 32% 17% 15% 16% 99% 27% 8% 54 Jan. May Jan. Jan. Feb. 8 Mar. 10 Jan. 3 Mar. 14 AGGREGATE SALES 1939 Bid Par Shares * 13 % Sale 9% Sale $6 preferred. Glidden Co (The). * 60 Sale 52% 15% Sale 4%% conv 870 24% 6424 38% * * * Sale Sale 109 Sale 5 Sale 100 74 * 7% 1 — 20 5% preferred Great North Iron Ore pref. as Prop—* 100 20 25 25 740 Preferred A 6% preferred 1,020 Hanna (M A) Co $5 pref 37,600 Harbison Walker Refrac 320 43,300 2,440 5,400 5,800 2,000 61,200 1,200 20,000 21,400 * 100 Hershey Chocolate * $4 conv preferred * Hinde & Dauch Paper Co—10 Hollander 7% preferred 100 78,000 Homestake Mining 12.50 8,100 Houdaille-Hershey class A—* Class B * 128,000 10% 105% 159 63% 131% 61 105 15 70% * Common stock 104 8 100 5% preferred C--25 5 _—100 Houston Oil of Texas v t Howe 342,100 10,800 4,590 2,980 7,200 83,700 17,500 Sound Co.. Hudson & Manhattan. 33% Sale 100 Ltd 100 5% preferred Hud Bay Min & Sm Co Hudson Motor Car 34% 8% --* 6% preferred series Indian Raypn Corp Ingersol-Rand. 6% preferred 800 45,300 190,300 31,400 73,900 26,200 3,020 13,900 230,400 22,200 6,800 19,800 189,600 7,700 162,200 80,200 28,500 A.1000 10 Refining Industrial 100 100 A Leased line 4% RR sec stock ctfs ser Sale A* Sale Sale 20% Sale 34% Sale 44% Sale 10% 7% Sale 24% Sale 100 Illinois Central Sale Sale 2 Hupp Motor Car Corp Sale Sale Sale ta Sale 119 * —100 148 Sale Inland Steel 93 Cons Copper—20 Insurancshares Ctfs Inc 1 tlnterboro Rap Trans 100 Lnterchemical Corp * 6% preferred -100 Intercontinental Rubber * Interlake Iron * Internat Agricultural Prior preferred 100 Int. Business Machines * 16% Sale 4% 4% 7% 8^ 28% Sale 92% Sale Inspiration 583,100 1,700 415,400 257,900 25,720 12,460 7,500 International Harvester. 100 7% preferred.. Internat Hydro-Elec Sys A.25 International Mercan Marine.* Internation Mining Corp 1 International Nickel of Canada* 100 Preferred International Paper & Power 15 100 5% conv preferred Internatl Rys of Cent 5% preferred International Salt 22,000 International Shoe 17,900 International Silver 2,920 635,300 122,700 51,000 1,230 7,800 7,300 Amer__* 100 7% preferred Tele & Tel International * * 50 100 * Foreign share certificates * Interstate Department Stores * 550 10 Preferred Intertype Corp Island Creek Coal * Sale 14% Sale 2% Sale 25% Sale 180 184% 60% Sale 157 159% 7% Sale 3% Sale 8% Sale 55% 134% 14% Sale 51% Sale 3% 30% 32 43* Sale4 25% Sale 84% Sale 9% Sale 9% Sale H* 76 9 Sale 79 A* 20% Sale 122 86 preferred Sale 132 39 124 73% Sale * Sale * 105 Preferred 100 130 63% Sale Jones & Laugh Steel pref. .100 18% Kalamazoo Stove & Furn Co 10 120 Kansas City Lt 1st ptef ser B 11% Sale Kansas City Southern * 4% preferred 100 22H Sale 12% Kaufmann Department Stores 1 105 99 5% conv preferred 100 14% Sale Kayser (J) & Co 5 95 87 Keith-Albee Orpheum pref.100 Kelsey Hayes Wheel— 10,700 Jewel Tea Inc 79,900 Johns-Manville. 960 9,500 12,100 410 28,600 6,900 8,400 800 13,300 140 36,100 61,700 Forf ootnotes see 13 Sale 1 8 Sale part pref ser A_* 91 Convertible class A Conv class B 610 Kendall Co $6 page 40. 4% 3 May 2 4 35 Sale Sale 132 61% 108% 60 Sale 10 69 Sale 65 Sale Sale 15 31% 107% 7% 8% 11% 12% 40 12 95 93% 29 H 10% 65 64% 103% 108 5% Sale 1% 1% 3% 32 5% 5% 1% Sale 11% Sale Sale 17 18% 40% 41 45 7 5 6% 6 6% 6% 21 19% Sale 95 96% 104 148 150% Sale 92 2% 8% Sale Sale 7 May 1 45% 7% 29 Sale Sale Sale 94% 2 17 95 2% Ay* Sale 9% 1% 20% 6 Sale Sale Ay* Sale Sale Sale Sale 5% Sale Sale 32 33 31 32 33 32 19% 6% 6% 9 78% 7% 18% 22 24% 87% Sale , Sale Sale ..... 19 36% 15% 118 6% 15% 8% 98 7% 7% 11 82 20% 123 75 69 125 87 8 122% 123 69 2 11 24 17 12 1 2 May 2 2% May 8% May 1% May 3 94 18 17 6 May 2 May 1 May May 12 May 18 May 20 1 May 7 Sale 77 128% 130 40 16% l19, 6% 17 10 Sale 46 16% 120 7% 17% 8% 77% Sale 132 48 16% 121 Sale 19 14% 14% 98 10 15% May 19 18 May 12 119 Jan. 10 Apr. 10 May 24 6% May 17 5 16% May 9% 6% 80 7% 78% 4% 40 1% 3 25% 4% I Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. ^ay 10 8 May 15 May 17 120 77 May May May 46 May 16 May 119 May 8 May 17% May 78 130 29 31 27 27 5 12 31 9 18 Jan. 86 8 10 135% Mar. 6 70% Jan. 8 3 21 109% Mar. 16 8% 55% 1% 5% 35% 8% 2% 10 10 3 6 11 8 8 Jan. 6 Mar. 9 Jan. 20 Jan. 9 Jan. 10 Jan. 5 Jan. 3 20% Jen. 10 8 35 10 49 11% Jan. 11 4 Jan. 3 Mar. 13 4 Jan. 6 29% Jan. 16 Jan. Feb. 3 8 8 10 10 3 119 11 151 8 8 8 10 8 8 I 10 8 8 11 11 8 10 8 94% Jan. 4 17% Jan. 5 5% May 25 1 9% Mar. 28% Jan. 3 95 Apr. 26 4% Jan. 4 15% Jan. 4 3 % Jan. 4 27% Jan. 4 195% Mar. 13 66% Mar. 9 162% Mar. 23 X4 8% Jan. 5 % Jan. 12 11 Jan. 5 Apr. 11 55% Jan. 3 Jan. Apr. Apr. Jan. May 2 3 14% Jan. 3 51% Jan. 6% May 29 60 May 31 11 138 11 11 23 Jan. 9 Jan. 12 34 May Apr. Jan. Apr. Apr. Apr. Jan. Apr. Apr. Jan. 19 35% Jan. 21 31% Mar. 9 10 4 11 11 10 9 96 Feb. 10 Mar. 24 9% Jan. 19 9% Feb. 28 3 14% Jan. 83 Mar. 31 5 10% Jan. 4 20% Mar. 20 27 125 Mar. 9 II Apr. 65% Apr. 122% Apr. 35 Apr. 13 Apr. 117% Jan. 5% Apr. 14 11 11% Jan. Apr. 11 23 12 68 II 3 61% May 29 27 109% Feb. 7 19 Jan. 7 17 51 Jan. 4 1 Jan. 6 18 110 11% Mar. 9 10 1 15% Jan. 4 10 104% Jan. 12 31 66% May 11 8 36% Mar. 9 10 17% Jan. 3 28 9% Apr. 16% Apr. 38% Apr. 5 Apr. 4% Apr. 16% Apr. 86 Apr. 147% May 67 Apr. 9% Apr. 4% Apr. 4% Apr. 17% Apr. 90 Apr. 2% Apr. 7% Apr. 1% Apr. 16 Apr. 155 Apr. 48 Apr. 157% Apr. 3% Apr. 2% Apr. 5% Apr. May 31 42% May 2 134 6% May 25 26% May 25 May 29 3% May 31 39% 29 May 11 May 2 31% 19 May 31 84 May 25 May 25 5% 6% May 25 May 27 8% May 11 77%| 79% Mar. 16 8 105 3 132 8 64 10 19% Jan. Jan. Jan. 3 10 4 Jan. 7 20 4 27 121% Jan. 8% Apr. 24 4 Jan. 4 Mar. 13 17 20 18 85 15% May 13% May 22 98 May 14% May 29 85 9% 6% 81% May May 4 ii 98 90 13% 85 May 67% May 72 125 37 159 20 117 21 165 7% May 27 May 31 104 May 31 150% May 31 79% May 11 3 11% May 5% May 25 8 7% May 26% May 24 95 May 2 2% May 15 9% May 31 2 May 3 21 May 13 178% May 27 61% May 31 160% May 18 5% May 29 3 3% May *7% May 29 i* 4 13% May 29 Mar. 24 Feb. 17 17 Jan. 5 Feb. 21 1 50% 45% May 1 138 136 May 1 9% 7% May 28% May 17 34% 8 6% 4% May 6 60 50 May 3 34 33 32% May 32% 31% May 19 33 3 Sale 21 May 24% 90 May 25 90 93% 1 Sale 6% May 2 Sale 6% May 1 9 May 11% Sale 4 83 80 ~ May 100 3 8 May 8% 9 4 Sale 19 May 20% 3 124 123 May 124 Jan. 11 106 8% Apr. 10 13% May 29 21 May 27 45 May 31 49% Sale 125% 136 8% Sale 32% Sale 5% Sale 59% Sale Sale 52 81 May 17 2 May 3 May 2 May May Sale Apr. 93 46% May 26 1% May 17 4 May 25 32 May 29 5% May 10 1% May 2 19 2 2% 1% 21 17% 18% 16% 178% 165 164% 166% 176 55% 59% Sale 55% Sale 160 157 159% 160% 158 4% 4% aVA 5% Sale 2% 3 3% 3% Sale 6% 7% Sale 6% Sale 136 1 4 5 110 61 1% May 10% 18% 41% 5% 26 31 25 29 2 23 12 103 5 1% May 3% May 16 1 27% May 5 17 2 31 29 9 Apr. 34% May 25 40 Jan. 5 21% Mar. 9 12% Jan. 4 1% Jan. 9 18% Feb. 6 5% Jan. 4 22 Jan. 4 Apr. Apr. 19 May 31 69 50 11 8 109 May 31 1 6% May 10 18% May Sale 95% May Sale 147% May Sale 75% May 77 9% May 113d Sale 4 % May 5 5% 6 May 6% 6% 24% 26% 20% May "76" 10% 4% 6% 20% 3 3 2 May Jan. 63 Apr. 70% May 31 4 132 May 1 128% Apr. Jan. 54 11 61% May 29 2 109 Apr. May 24 104 24 14% Apr. 17% May 11 QQ I 31% May May 29 12 108% May 31 105% Mar. 17 7% Apr. 8% May 25 20 2 10% Apr. 13% May May 95 10 97 May 5 22 66% May 11 60% Mar. 8 27 Apr. 31 May 26 17 8% Apr. 12% May 29 105% May 5% May 42 May 1% Sale 12% 20% 73 29 Sale 5 Sale 28 61 32% 6% 45% Sale 1% 1% 5% 4% Sale 42 Sale May May May May May May May May May May May May 1% Jan. 1 1 May 109 105 Sale 63 28% May 31% 12% 15 Sale 64 1 100 19 100 63% May 130% May Sale 109 17 May 22 May 17 9 144 May 1 May 6% 4 76 May 2 May 2% 5 106 May 1 13% May 2 111 May 1 165 May 6 13 May May May May May May May May May May May Sale 12 12 13 May May 5 80 27 Jan. 4 Mar. 16 Jan. 3 Jan. 5 J an. 3 Mar. 3 32*% May 9 35% Mar. 3 13% May 29 17% Mar. 10 15 99 Apr. 12 103% Mar. 28 Mar. 17 96 May 19 103 32^ Jan. 4 17 Apr. 10 Apr. 20 144* May 29 130 3 7% Mar. 10 4% Feb. 79 Mar. 11 Jan. 19 71 4% Jan. 5 2 Apr. 10 29 32 8 9 3 13% May 29 2 May Mar. 13 24% 74% 38% 109% 24% Jan. 26 6 32 Apr. 14% Apr. 11 8 10 Apr. 1 % Apr. 8 9 Apr. 10 3 Apr. 8 11 Apr. 32% May May 96 Sale 31% 17% 14 Sale 38% 31% Sale 108% 107% 108 8% 7% 7% Sale 12% May 11% May 2 % May 25 12 May 17 4 May 25 70% 19 20 Sale 64 Sale 57 111% 9% 29 25 2 1 25 31 19% May 12% May 1 % May 15% May 4 May 15% May 1 May 17 3% Mar. 14 2% Jan. 4 79 May 24 42 38 1% 13% Jan. 3 66% Mar. 11 24% Jan. 5 47 Mar. 7 11 17 31 17 23 7 % J an. 8 3 4% Apr. 1% Jan. 27 % Apr. 10 15% Mar. 3 11 Apr. 10 20 Jan. 5 8 10 Apr. 24% Jan. 27 *31% Mar. 13 24% May 31 23 22% Jan. 8 16% Jan. 5 12% Apr. 8 31% Jan. 4 16% Apr. Mar. 11 24 Apr. 10 28 Mar. 1 133 Apr. 14 139 10 29 29 27 27 31 29 31 3 25 24 25 Sale 12% Sale 104 Household Finance— 8,500 5,600 107,000 54,800 12,700 2,800 126,700 92,600 141,500 11% 52 9 31 9 2 31 9 31 31 31 May May May May May May May 2 23 May 19 May 1 27 May 25% May 8 138% May 135 May May 42 May 24 42 2 28 34% May May 6% 1% 14% 13% 31% 24% 15% 5% May 1 May 24 1 May 11% May 17 3 27 % May 9 23% May 1 12% May 13 29 31% Sale 35 34% 35% 36 10 10 12% Sale 15 15% 17 99 Sale 100 Sale 96 Sale 97 100 19 Sale 22 Sale 134 135 144 148 Sale 5% 6% 6h 74 75 76 80 2% 2% Sale 2% 104 102 106 108 Sale 10% 12% Sale 111 106 115 111 159 Sale 165 166 11% 14% 104% * 2% 99 105 "88 —5 Holly Sugar Corp 30 130% 5% 72% 56% 17% 50% 98 preferred (A) & Son 85 conv 19% 134 104 10 (Del) 13% Sale 55 ... Holland Furnace 34% 9% 7% Apr. Apr. 14% Mar. 34 May 2% Jan. 1% Apr. 70 Jan. 13% Apr. 53 Apr. 21% Apr. 90 Apr. 3 Apr. 70 May % Apr. 29 99% May 29 3% May 31 75 May 3 % May 1 Sale 3% 15% 12 58 3 22 29% Sale 133 6% preferred Sale 12 Sale 4 99 86 61 19% 12% % Sale 11% 1% 99 * "16% Hercules Powder 27 100 Sale 6% preferred 100 138% Sale 6 Corp class A 1 72% 74% 6 % % preferred with warr 100 3% Sale Hayes Body Corp 2 106% Hazel-Atlas Glass Co 25 106 11% Sale Hecker Products Corp 1 Helme (G W) --25 109% 111 159% 7% preferred 100 21,800 Hercules Motors 32 105 Hat 1,359 46,900 7,000 248,000 1,900 1,000 140 33% 29 16% Sale Sale 26 28 97 31 22% 42 3 15% Sale Sale 66 11% Sale Sale Sale 138 15% i Sale 15 Sale Sale Sale Sale 1 a Sale Sale 31% 24% 28 99 ;__100 "" Sale 12 17% 11% 31 33 * 620 6% 1% 14% 13% Sale Sale 25 Sale 30 Sale Sale 27% Sale Sale Sale 70 40 Sale 21 10 51,500 Hall Printing 2,200 Hamilton Watch 14,600 12% % 17% 4% 32% 11% 3% 10% May May 18 May 35 May 3% May 2% May 78 May 18% May 70 May 28% May 17 May 2% May 17 2 May 15 78 May 9 15% May 1 59% May 1 24% May 18 94 May 23 3% May 4 70 May 27 8 % May Sale 137 40 Sale 35 3,700 Hackensack Water— Sale Sale Copper—100 60 Greene Cananea 97 23% 12% 19% 25% Sale 714,600 Greyhound Corp (The) -* 32,000 5% % preferred 10 11 600 Guantanamo Sugar * 860 8% preferred 100 2,900 Gulf Mobile & Northern... 100 7,300 6% preferred -100 28% Sale 99% 100% 3% Sale 27 Sale 26 20 Green Bay & Western RR.100 87,100 Green (HL)Co 1 70 Sale 11% 18% Sale 135% 137 40 49% 27% Sale 100 Sale 13 Sale 30% * Great West Sugar Preferred \H a 80 Sale 5% 1% Sale 12^ b* * * 10 preferred series Steel Great Northern 5 8% May 39 75 % Highest Sale Prices 15% May 1 34 May 17 3% Sale 2% Sale 78% 75% 17% Sale Sale 70 80 1% Sale 1 Granite City Grant (W T) 15% 59% 25% 94% 3% Lowest Sale Prices 54 58 Sale Sale 73 70 Sale * Granby Consolidated Mining 68,200 Smelting & Power Ltd 11,100 Grand Union Co (The) conv Sale Highest Saie Prices Sale 36 3% 2% Sale 65 Co.-.100 118,100 Graham-Paige Motors $3 2% 2% 55 32 47 45 1 1 Preferred. 16,600 14,400 36,300 7,000 85,000 458,400 38,400 2,000 Sale 23 % * 50 preterred 290,300 Goodrich (B F) 26,100 85 preferred 562,100 Goodyear T & R 15,100 $5 preferred 20,400 Gotham Silk Hosiery - 9% 56% Gimbel Brothers Gobel (Adolf) Goebel Brewing Co 550 Gold & Stock Teleg Lowest Sale Prices Ask Ask Bid Bid Ask May 31 1 May Jan. 1 220,700 8,400 64,700 3,600 86,300 44,700 1 Jan. 3 exchange n. v. stock Since RANGE SINCE JAN. IN MAY PRICES Price STOCKS 35 exchange-stocks n. y. stock June, 1939] Sale Sale 80 9% May 18 6% May 17 79% May 26 10% May 24 7% May 26 80% May 13 12% Apr. 11 Apr. 25 99% Jan. 16% Jan. 95 Jan. 7% Apr. 10 5% Apr. 10 79% May 26 14% Mar. 8 10% Mar. 8 92 Jan. 11 97 Feb. 36 N. Y. STOCK EXCHANGE-STOCKS AOOREOATE SALES 2,300 """690 21,200 600 1,700 46,800 810 250 4,300 600 13,300 1,700 Par 881,800 30,300 5,800 11,100 1,245 4,050 135,400 4,800 16,700 224,000 4,960 2,360 39,400 3,600 105,300 25,600 170 840 2,900 2,900 1,200 13,300 2,600 2,700 15,900 1,800 2,400 2,700 13,100 56,900 37,100 12,800 89,200 22,300 12,300 112,500 25,100 11,000 10,900 51,700 2,900 3.300 39,300 14,800 5,300 38,700 166,200 3,200 1,599,700 78,600 27,700 15,700 1,430 130,400 4,350 29,000 37,800 . 700 700 3,800 2,200 2,400 5,500 23,000 300 165,880 12,200 2,400 2,000 370 20,60# 450 2,900 5,000 20 260 10,700 11,200 1,400 1,500 6,400 93,500 84,500 18,500 16,500 20,900 5,400 5,580 84,400 5,300 15,500 108,300 5,550 239,000 879,100 19,300 31,900 200 900 2,300 9,200 700 17,500 124,600 9,200 4,600 9,100 730 7,600 2,200 .1,100 45,600 27,700 9,800 1,560 29,000 142,100 2,800 49,700 240 600 5,400 600 6,800 9,200 7,200 100 2,900 120 300 1,600 3,300 490 520 6,400 250 4,300 200 1,300 2,100 14.300 500 3,400 2,600 7,700 250 630 146,100 100 600 5,900 5,000 8,700 5,300 920 300 1,700 120 8,200 300 Laclede Gas Light-. 100 100 * * 5% preferred Lambert Co (The) Bryant Lee Rubber & Tire 5 100 Preferred Lily Tulip Cup Corp * * -* * Lima Locomotive Works Link Belt Co-__ Lion Oil Refining Co Liquid Carbonic Corp * Lone Star Cement * * Corp Long Bell Lumber A 25 Loose-Wiles Biscuit. 5% preferred Lorillard (P) common Preferred —100 10 .100 * 100 Louisville Gas & Elec A Louisville & Nashville Macy (R H) Co Inc Madison Square Garden Magma Copper Manti Sugar Co Mandel Bros JManhat'n Ry Co 7% guar.100 Modified 5% guaranteed 100 25 1 5 Market Street Ry prior pref 100 Marshall Field & Co * Martin (Glenn L) Co 1 Martin Parry Corp * Masonite Corp Manhattan Shirt Maracaibo Oil Explor Marine Midland Corp see 8 Sale 155* Sale 5 5% 305* Sale 165* 395* 455* 175 18 Sale Sale Sale 109 85* Sale 605* Sale 45* Sale 19 Sale 99 106 215* Sale 1485* Sale 165* Sale 58 Sale 315* Sale 65* 7 135* Sale 8 Sale 125* Sale 15* Sale 55* Sale 7 Sale 125* Sale 36 Sale Minn Moline Power 18 1065* 225* 1505* 175* 405* 27 165* Sale Sale 29 195* Sale 16 \ Sale 235* Sale 5 Sale 265* 265* 255* Sale 105* 175* 165* 35* 325* 205* 49 29 1 29 Sale Sale Sale 45* Sale 215* 35 Sale 36 145* 265* 15* 155* Sale Sale 145* 275* i5* 55* 165* 95* 125* 15* 45* 95* 105* 15* 45* 45* 105* 345* 25* Sale 1315* 225* Sale 22 17 Sale 130 21 *W Sale Sale 115* n 15* Sale Sale Sale Sale 3 Sale 155* 285* „ 15* Sale Sale Sale Sale Sale Sale 4 5 55* Sale 575* Sale 38 40 125* Sale 355* Sale 25* Sale 415* 425* 26 27 265* Sale 91 164 495* Sale 55* Sale 92 205* Sale 95* 105* 535* Sale . 10 * — ^Missouri Pacific Convertible preferred....100 $4.50 preferred * Preferred series B 50 Motor Products * Motor Wheel 5 Mueller Brass Co 1 Corp class B....1 preferred * Munsingwear. * Murphy Co (G C) ♦ 5% preferred 100 Murray Corp of America 10 Myers (F E) & Bros 99 155* 45* 30 175 Sale Sale Sale 985* 105 13 5* Sale 135* Sale 102 Sale 62 58 61 45 57 51 485* 35* 205* 51 565* 45* 575* 575* 95 Sale 70 51 665* 50J* Sale 65* Sale 265* 27 Sale Sale 185* 7 4 13 Sale 165* 305* Sale 135* 22 Sale 15 39 12 295* 75* 58 115* 85* 95 85* 195* VA Sale c Sale Sale 995* Sale Sale 23 Sale 125* 285* 85* 135* 245* 16 Sale Sale Sale Sale 165* Sale 285* Sale 1075* 109 855* Sale 1045* 107 61 585* 108 65 112 Sale 105 104 110 112 65* 111 Sale 56 145* Sale Sale Sale 2 Sale 17 Sale 111 Sale 115 1155* * * * Sale 105* Sale 50 60 82 145* 25* 95* J* Mohawk Carpet Mills 20 Monsanto Chemical Wks. .—10 5 305* 975* 170 67 Sale 53 * 45* 295* 175 Sale 115* Sale 18 9 * 100 100 45 165* 75* 535* Sale 105* 105* 75* Sale 905* 995* 85* 85* * $6.50 preferred 168 "515* Sale" 35 355* 185* 155* 295* 75* 365* 36 Sale Sale Sale Sale Sale 115* 125* 565* 58 1075* 109 43 8 50 Sale 525* 35* 38 11 15* 112 4 46 12 45* 43 125* 15* 55* 5* 145* 225* 45* 243* 235* May 16 May 1 May 11 May 3 May 1 8 165* 155* 35* 285* 19 44 Sale 48 Sale 15* Sale 5* 165* May May 5 May 265* May 255* May 31 May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May 105* 175* 165* 45* 335* 5 4 24 25 27 13 31 285* May 130 May 20 May 345* May 145* May 26 May 15* May 55* May 165* May 85* May 115* May 15* May 45* May 4 May 105* May 325* May 2 May 375* May 235* May 168 May 45 May 45* May 295* May 97 May 12 May 105* May 985* May 16>* May 7 May 525* May 95* May 75* May 95 May 85* May 60 May 525* May 50 May 4 May 205* May 145* May 26 May 75* May 13 May 215* May 107 May 565* May 110 May 4 445* 115* 15* 45* 5* Sale Sale 5* 1 1 15* 15* Sale 13 115* 125* 125* 135* x97 Sale 925* 93 925* 117 1185* 121 1155* 119 120 Sale 1225* Sale 1195* 445* Sale 515* Sale 445* 29 33 35 405* 34 32 305* Sale 335* 305* 11 115* 115* Sale 105* 125* Sale 145* Sale 125* 175* 18 185* 205* 21 5 Sale 45* Sale 45* 34 38 Sale 33 355* 105* 115* 115* 115* 105* 54 Sale 60 Sale 54 1075* 1085* 1095* 111 1085* 55* Sale 55* Sale 55* 44 45 465* 445* 47 45* 5* Lowest 295* May 17 335* May 31 10 May 1 xll5* May 29 225* May 9 275* May 26 15* May 2 25* May 19 2 5* 25* Sale 3 185* 185* 185* 195* 106 109 110 Sale 225* Sale 235* Sale 152 155 1535* 155 175* 185* Sale Sale 45 Sale 405* Sale 130 12 Implem__l Montgomery Ward & Co Morrell (J) & Co Morris & Essex 25* 125* Sale 105* Sale -5 7% preferred series A 46 89 5 Mission Corp Mo-Kan-Texas , a 97 100 * . 325* Sale 115* Sale 26 275* 25* Sale 116 Sale 115 1145* 45* 35* 35* 35*. 45* % 5* Sale 5* 5* 15* 15* 15* 15* 2 215* Sale 225* Sale 205* 11 105* 115* 115* Sale 31 Sale 265* 255* 28 48 Sale 405* 41 405* 45* 45* 45* Sale 45* 37 38 Sale 37 Sale 995* 1005* 1015* 1045* 1005* 1005* 1045* Sale 1015* Sale 180 185 174 178 1715* 15 155* 165* *165* Sale 22 23 27 Sale 235* 32 32 34 345* 355* 16 Sale 145* 145* Sale 15 Sale 135* 155* 155* 39 39 Sale 455* Sale 1045* 107 1065* 108 1065* 7 75* Sale 95* Sale 32 Copper conv Sale Sale Sale Highest Sale Prices 112 Sale 8% 1st preferred -100 Min-Honeywell Regulator Co. * 4% conv preferred ser B..100 $7 Sale Sale Sale Sale Sale 32 Sale Sale 4 93 Co Midland Steel Products Mullins Mfg 118 Transp Co...* Mid-Continent Petroleum. Sale 285* 185* 29 $6 preferred series Min 170 Sale 155* * * preferred Mesta Machine Sale Sale 5 Sale Sale 14 19 163 McCall page 40* 11% Sale Ask 25 38 29 100 10 * 7% preferred May Department Stores Maytag Co (The) $3 preferred with warr & Sale 315* Sale 10 105* 21 225* 15* 25* 14}* 225* 45* 245* 235* Lowest Sale Prices May 31 Ask Bid Bid 355* Sale — — For footnotes 21 * 123 * 285* Sale" * 415* Sale * 195* Sale 10 375* Sale 1 15* 15* 6% preferred Mack Truck lnc_.. Miami 27% 2% 54 Loft Inc 990 Merch Sale in 225* 325* 14 5* Sale 20 5* Sale 4% 55* 26% 27 * 105 $6.50 preferred $6 1st Sale 185* Sale A 800 $5.50 pref ser B with warr. . * 9,900 Melville Shoe Corp *\ 33,700 Mengel Co -1 7,910 5% conv 1st preferred 50 84,700 2,500 9,800 32,300 99,600 9,300 27,000 18,700 51,000 2,260 1,710 835.900 2,300 4,370 43,600 37,000 33,300 49,500 4,910 4,800 10,300 1,120 91,200 3,500 26 * Loew's Inc 6% conv preferred 34,700 Mead Corp. 29,900 88,700 59,200 29,800 3,260 29,700 1,640 43 5* 12 Ask * _ - 530 500 Bid Lehigh Portland Cement—25 24 4% conv preferred 100 112 Lehigh Valley 50 55* Lehigh Valley Coal * 5* 6% conv preferred 50 25* Lehman Corp. (The) 1 27% Lehn & Fink Producti Corp. _5 115* Lerner Stores Corp * 315* Libbey-Owens-Ford Glass * 53 5* Libby McNeill & Libby * 65* Life Savers Corp 5 36 Liggett & Myers Tob com—25 1015* Series B --25 103 5* Corp * McCrory Stores.. --1 6% conv preferred 100 McGraw Electric Co 1 5,600 McGraw Hill Publ Co * 81,500 Mclntyre Porcupine Mines..-5 75,200 McKeesport Tin Plate...—10 47,600 McLellan Stores Co _-l 40 4,600 10,400 9,000 3,800 _ . 37,100 Mathieson Alkali Works— 50 4,700 20,900 * Keystone Steel & Wire Co—* Kimberly-Clark * Kinney (G R) 1 8 °/0 preferred _ _ * $5 prior preferred * Kresge (S S) Co 10 Kresge Department Stores 1 Kress (S H) & Co new -* Kroger Grocery & Baking—* 6,000 MacAndrews & Forbes Co.-10 500 1,960 22,200 Kennecott Copper Lane 1 1939 Jan. 1 Shares 800 RANGE SINCE JAN. Jan. 3 May 1 May Shares 71,600 1,700 PRICES IN MAY Price STOCKS N. Y. STOCK EXCHANGE Since In May May May May May May May May May May May May May May May May May May May May May May May May 24 1 24 1 5 16 21 3 12 116 45* 19 3 5* 2 23 22 225* 8 115* 4 315* 17 48 5 45* 1 385* 22 103 20 105 10 180 165* 2 16 285* 8 335* 16 20 17 155* 1 455* 29 107 4 95* 20 495* 3 24 16 195* 2 109 1 235* 4 1565* 1 xl9 455* 1 15 29 22 130 17 235* 18 375* 26 155* 8 275* 1 15* 31 17 1 4 4 1 1 1 17 12 17 65* 19 115* 125* 15* 45* 45* 125* 375* 25* 415* 27 11 3 172 1 505* 5 27 2 305* 5 100 14 1 1 135* 5 102 3 195* 2 75* 9 58 9 115* 1 85* 12 95 9 5 62 2 18 54 5 575* 2 45* 235* 1 3 145* 20 31 17 85* 14 2 17 245* 4 110 17 65 4 112 12 24 3 15 17 15 20 2 2 18 1 1 27 1 17 1 2 19 24 10 1 2 18 16 May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May May 26 26 27 25 5 1 9 29 19 31 31 1 6 9 10 26 24 29 29 29 ^ 31 15 31 31 10 9 22 3 13 29 10 25 9 10 29 29 3 2 26 2 May 29 May 11 May 30 May May May May May May May May May May May 45* May 45 May 125* May 15* May 55* May 5* May 15* May 135* May 99 May 121 May 1225* May 525* May 33 May 325* May 125* May 145* May 21 May 55* May 39 May 115* May 60 May 111 May Jan. 113 Jan. 35* 5* 154 205* 95* Apr. 8 11 27 1 26 8 Mar. 31 345* Apr. 975* Apr. 995* Apr. 1715* May 16 Apr. 21 Apr. 315* Apr. 145* May 135* May 35 Apr. 105 Apr. 10 10 10 11 6 17 Apr. 105 Jan. 195* 1475* 155* 365* Apr. Jan. Jan. Apr. Mar. 8 Mar. 16 4 3 4 Jan. 3 275* Jan. 5 125* Mar. 10 325* Mar. 13 565* Mar. 13 65* Jan. 3 40 Jan. 10 Mar. Mar. May Jan. Jan. 14 14 26 20 5 Mar. 13 May 29 Jan. 5 Jan. 225* Mar. 9 Mar. 1 8 245* Feb. 25 3 1565* May 13 4 205* Mar. 13 Jan. 8 58 3 Apr. 25 Feb. 33 2 131 Mar. 31 315* Apr. 13 Apr. 255* Apr. 1 Apr. 5 Apr. 9 Apr. 5 Apr. 10 Apr. 1 Apr. 4 5* Apr. 4 May 95* Apr. 265* Mar. 2 May 345* Apr. 10 1 10 17 12 10 23 Apr. Jan. 305* 435* 195* 385* 15* 75* 11 164 11 10 11 4 1 1 6 8 8 93 Jan. Jan. 7 Jan. 52 13 13 Jan. 5 Mar. 29 Jan. 4 Feb. 6 Jan. 3 Jan. 4 Jan. 9 Mar. 3 May 8 May 9 Mar. 9 Jan. 7 Jan. 5 Mar. 9 Feb. 17 Feb. 24 Jan. 3 Jan. 3 Jan. 4 Feb. 14 Mar. 11 65* Mar. 10 365* Mar. 10 3 101 105* Apr. 11 95* Jan. 26 88 19 115* 135* 15* 55* 85* 155* 395* 55* 575* 36 6 175 405* Apr. 8 4 Apr. 10 285* Jan. 30 Apr. 28 Apr. 10 Apr. 11 Apr. 11 Apr. 8 26 Jan. 20 Jan. 20 Mar. 0 Jan. 5 Mar. 10 6 109 155* 65* 495* 85* 24 16 19 25 10 88 3 6 31 25 31 11 31 10 3 30 4 10 108 Mar. 20 6 Mar. 31 115* Jan. 19 415* Apr. 11 62 Jan. 5 25* Apr. 10 45* Jan. 4 26 16 31 29 12 25 18 15 25 31 31 5 3 26 24 0 55* Jan. 5* Jan. 11 1065* 11 1075* 10 180 10 175* 10 405* 47 11 16 20 19 17 10 545* 31 31 135* 235* 185* 55* 355* 25 24 118 Apr. 10 May 3 Apr. 10 Apr. 23 Apr. 365* Apr. 45* Apr. 20 May 11 May May May 35* Apr. 28 1 Jan. 25 17 124 May 29 May May May May May May May 7 Apr. 135* Apr. 14 4 May 3 May 16 May 445* Jan. 13 Mar. 85* Apr. 11 Apr. 8 275* May 2 5* Mar. 15* Apr. 11 30 Apr. 10 405* Mar. 125* Apr. 10 19 Mar. 20 Mar. Apr. 8 24 45* Apr. 6 55* Jan. 24 Apr. 27 z275* Jan. 205* Apr. 11 255* May 22 8 9 Sale Prices 20 29 9 3 3 29 Highest Sale Prices 28 Apr. 8 Feb. 175* Jan. 145* Mar. 102 May 225* Jan. 105* Jan. 595* Mar. 185* Jan. 14 20 16 31 21 5 10 3 10 Mar. 10 96 12 Mar. 27 Mar. 10 75* Apr. 8 60 Apr. 28 705* Jan. 5 51 Jan. 58 6 46 Apr. 11 575* May 25 Apr. 10 65* Jan. 3 Apr. 4 285* Jan. 9 Mar. 13 Jan. 25 17 Apr. 8 395* Jan. 4 Apr. 10 125* Jan. 5 Apr. 10 165* Jan. 3 29 Jan. 4 Apr. 8 Apr. 11 1155* Mar. 14 Apr. 11 855* Jan. 4 3 5* 185* 13 5* 25 65* 115* 185* 101 55 110 Jan. Apr. Apr. Apr. Apr. 4 Apr. 5* Apr. 1 Apr. 105* Apr. 845* Apr. 35* 405* 105* 15* 31 9 25 24 4 29 15 5 115 24 118 405* 31 33 27 30 11 95* 10 10 13 165* 25 45* 3 30 25 95* 5 50 31 29 1065* 6 45* May 25 45 455* May 18 19 16 112 Feb 8 65* 8 54 10 145* 8 25* 10 95* 1 14 1 25* 11 175* 10 111 Jan. Mar. 22 121 Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Mar. Feb. 28 3 Mar. 10 Jan. Jan. Jan. Jan. Jan. Jan. 5 4 5 Jan. 3 3 5 6 May 5 10 1225* May 24 11 545* Mar. 10 Mar. 9 28 39 11 375* Mar. 13 19 Jan. 5 10 10 165* Mar. 11 30 Jan. 3 11 75* Jan. 3 10 8 445* Mar. 13 12 145* Mar. 6 8 645* Mar. 3 14 111 May 29 8 95* Jan. 5 51 31 Jan* 5 AGGREGATE SALES May Jan. 3 n. y. stock exchange Since 1939 Jan. 1 Shares 27,100 1,100 5,000 8,300 37,900 400 600 600 900 13,700 4,100 62,500 270 240 2,500 400 17,600 700 25,400 600 29,200 300 550 4,000 28,200 13,700 10,900 .1,900 700 30 2,300 3,200 2,200 ""'700 180 26,000 3,400 144,300 8,700 23,800 10,500 170 200 200 40 150 5,100 2,900 200 11,000 180 3,800 300 83,000 3,000 10,300 98,200 Shares 16,500 374,600 1,650 2,370 28,000 12,000 151,000 3,400 307,500 4,100 168,900 2,000 3,120 38,200 288,000 91,000 113,600 18,000 3,100 70 14,600 100 1,000 20 13,606 4,000 70 120 390 900 18,700 5,600 1,200 230 350 ~ 2,166 60,700 15,400 200 6,400 700 80 79,700 1,700 5,800 *8",700 4,800 2,300 2,500 51,000 4,200 700 19,000 700 1,500 400 400 30 75,300 142,300 1,210 10,200 85,600 1,320 180,100 2,600 4,800 158 10% 15% 85 100 24 Sale 25 17% 17% 8% 14% 115% 110% "13% Sale" ----- 10 National Lead.. 7% preferred A 6% preferred B Nat Mall & Steel Cast Co National Power & Light 5 4% 24% 11% 11 87% 20% 169% "27% Sale" 100 165 168 100 137% Sale * 26% Sale * 25 National Steel 100 -100 -10 140 16% 7% 59% 8% 11% 8% Sale 80 Sale 2,540 1,430 2,260 7,000 133,000 44,300 21,600 1,820 1,450 3,600 26,200 486,400 77,600 2,200 82,100 8,300 510 1,800 6,800 8,070 7,225 2,700 31,400 19,100 332,300 10,400 1,800 2,220 1,410 24,600 22% Sale 10% 25% 13% 12% 36% Sale 20 Sale 46% Sale 16% 22 35 3 Sale 34% 2 3% 7% Sale 110 4 5% 112% 115 123 50 193 108 23 10 68 171 Sale 110 27 * .100 Otis Steel 14% 10 1st preferred * * Pacific Finance Corp (Calif) .10 preferred Pacific Gas & Electric 25 33 70 6% Sale 52% 22% 45% ----- Sale Sale 55 4 3% Sale 15% Sale 6 6% 12 * 14 ..100 121 121% 100 * 148% 21% 10 11% 10 29% 43% Sale * Sale Sale Sale Sale stk) Packard Motor Car * Pan American Airways Corp. .5 Pan Amer Pet & Trans 5 Panhandle Prod & Ref 1 Paraffine Cos Inc * Park & Park 100 1 100 . 10 . Tilford Utah Cons 105 Sale Sale 12% Sale 19 Sale Sale Patino Mines & Ent Cons * Penick & Ford * Co.. _.* 10 Penn-Dixie Cement * pref series A * Penn Glass Sand Corp v t c._* $7 conv preferred * Pennsylvania RR Co 50 People's Drug Stores Inc * 6 %% conv preferred 100 People's Gas Light & Coke. 100 conv & 13% Sale Sale Transportation Co.* Patlie Film Corp * Peoria 102 103 2% 41% Parmelee $7 6% 7% 1% Sale 59% Sale 25 .2.50 Penn Coal & Coke Eastern Pere Marquette Prior preferred .... Preferred Pet Milk Petroleum Corp Pfeiffer Brewing Co .....100 100 100 lOO ....* — 45 10% 121% 150% 17% 9% 3% 11% 5% % 40% 82 8% 81% 9% Sale 1 * Parker Rust Proof Co. 29% Sale 1 Mines Parke Davis & Co Penney (J C) 4% 16 5 _* 25 Phelps Dodge Philadelphia Co pref 6%..-.50 $6 preferred ....* JPhila Rapid Transit Co 50 7% preferred 50 Philadelphia & Reading C & I.* 2% 28 48 17% 29 27 112 115 3 16% see page 40. Sale 4% 10% Sale Sale 167 51 80 Sale 33 4% Sale Sale 34 17% 2 28% 116 Sale 3% 43% Sale Sale 42 Sale 41 71 75 3 17 9% 7% 1% 3% % Sale Sale 84 1% 3% % 4% % May 4 96 May 17 21% May 19 169 May 2 145 May 17 19% May 1 8% May 18 65% 9 May 22 May 19 12% May 22 42 May 25 49% May 18 3% May 8 10% May 2 25% 2 3% Sale Mav May May May May May May May May May May May May May May May May 26 31 25 4 27 31 26 31 25 31 5 31 3 4 25 24 25 May 11 May 10 May 22 May 26 May 6 May 17 May 29 May 16 May 31 May 4 May 9 10 11 May May May May May 27 29 31 85 106 119 Sale 53 % Sale 2% Sale % % 11% Sale 74 76% 185 Sale 52% % 2% % 9% 71% 170 111% 22% 64 4% May 9 39% May 23 110 May 2 12% May 3 36% May 1 May 17 May May May May May May May May May May May May May May May May May May May May May May May May 7 May May May May May May 135 May 140 8% May Sale 40 May 42 19 May 22% 41% May 45 Sale 18 Sale 15 Sale 109 113 5% 6% 18 Sale Sale Sale 3 12% 4% 54% May 4 May 1 1 16 15% 24% 38 20 2% 6 12 24 116% 16 120 18 53 1 % 23 2% 23 % 18 11% 19 76 8 185 3 112 18 22% 1 58% 8 55% 1 16% 1 86 17 9% 2 107% 6 32 1 4% 1 39% 3 2 17 1% 19% Sale 41% Sale 16% 1% 9% Sale 2 Sale 10 Sale 51 54 88 Sale 1% 1% Sale 25% 14% 12% 121% 18% Sale 3% 23 32 Sale 111% 114% 35 Sale 2% Sale 11 Sale 27% Sale 64 May 31 4% May 26 21 Sale 19% Sale 8% 7% Sale 44 82 2% Sale % 8 7 33% 42% 79% 2% 3% % May May May May May May May May May 13 23 23 31 10 31 31 29 22 May May May May May May May May May May 9 3 31 6 1 31 10 .31 29 29 1 % May 9 1% May 5 8 40% May 9 41% May 14% May 20 16% May 31 2% May 1 1% May 16 8 May 1 10% May 31 10% May 25 9% May 1 49 May 3 51% May 15 79% May 1 88% May 31 1 May 4 1% May 12 3 May 12 3% May 25 22 May 3 24% May 25 13 % May 5 12% May 3 122 May 5 May 5 122 19 % May 31 17 May 17 28% May 2 32% May 29 112 May 25 May 5 116 33 May 1 35% May 10 2 May 10% May May 17 May 17 May 7% May 6% May 29% May 41 May 78 May 1% May 3% May % May 23 10 24 17 23 4 19 9 18 1 24 10 13 1 2% May 11% May May 21 May 19% May 8% May 7 May 34% May 44% May 80% May 2% May 3% May % May 28 Apr. Apr. Apr. Apr. Jan. 160 Apr. 10% Apr. 90% May 17% Apr. 16% Apr. 8% Mar. 12% Jan. 5% 14% 9% 7% 23% 111 109 4% 4% 23% 11% 9% Feb. Jan. Apr. Jan. Apr. Apr. Apr. 86 Apr. 18% Mar. Jan. Mar. 165 135 14% Apr. 6% Apr. Apr. 6% Apr. 59 Apr. 10 40 May May Apr. May Apr. Mar. 32 Apr. 107 May 8% Apr. 43% 2% 9% 18% 73% 9% Jan. 10 8 25% Jan. 10 15% Mar. 14% Jan. 11 24 28% Mar. Jan. 24 175 26 15% Mar. 4 95% May 25 23 % Mar. 10 26% Jan. 31 12% Mar. 13 zl6% May 2 117% Jan. Mar. 20 114 8 Jan. 11 6% Feb. 13 10 28% Jan. 4 18% Jan. 10 16% Jan. Mar. 21 106 31 27% Jan. Apr. 14 170 25 145 Feb. 11 27% Jan. 9% Mar. 8 25 81% Jan. 8 15% Jan. / 8 20 22 59% 25 50% 4% 11 8 11% 11 25% 14 75 8 40 23 110 17% 8 28 47% 8 22% 10 23% 8 38 8 43% 20 9 8 17 118% 16 120 28 62 1% 27 4% 10 Jan. Jan. Apr. 20 4 15 3 11 17 7 1 9 5 3 31 5 27 4 17 4 10 4 10 3 12 6 4 6 5 3 3 3 4 Jan. 7 Feb. 8 May 31 Mar. 22 Mar. 11 Jan. 6 Jan. 4 May 31 May 11 May 31 27 Apr. Jan. 5 May 29 Jan. 4 12% Apr. May 31 Jan. 4 10% Apr. May 31 Jan. 4 18% Apr. May 25 30 Apr. Feb. 25 May 27 SU Feb. 28 1% May May 10 Jan. 6 5% Apr. May 16 Jan. Mar. 1 May 16 111 Mar. 7 May May 15 119 Mar. 8 51 Apr. May 31 Jan. 4 % Mar. May 2 Jan. 5 2% Apr. May 9 1 Jan. 5 % May 23 May 23 16% Jan. 3 8% Apr. 8 May 31 70 Apr. 8 89% Mar. 2 May 26 Jan. 25 195% Mar. 10 May 31 168 May 11 Apr. 12 112 May 11 106 26% Feb. 27 18% Apr. 11 May 31 54% Apr. 17 58% May 25 May 25 53% May 8 55% May 24 May 24 19% Jan. 3 12% Apr. 11 May 10 82 Jan. 3 88% Mar. 27 May 12 14% Jan. 4 7% Apr. 10 May 31 4 107% Mar. 13 May 19 102% Apr. 30 Feb. 24 32% Jan. 18 May 26 2% Apr. 10 4% Jan. 4 May 9 39% Jan. 19 32% Apr. 1 May 24 18 7% May 1 17 21% May 25 17 17% May 27 11 113% May 25 1 6% May 10 4 19% May 10 26 139% May . 1 May 31 17 10 27 40 May 27 3 22% May 29 15 42 May 15 3% 14 4% ..... Sale" 10% Sale 23% 25 18% 19% 16% 17 7% 8 6% Sale 31% Sale 37% 30% 7% 6% May 1 May 5 21% 10% May 18 12% 9% May 22 10% 25% May 2 27% 165 May 8 167 12 May 12 12% 90% May 4 95% 18% May 17 20 17% May 2 19% 8% May 1 9% 14% May 17 x 16% 112 May 16 115% 111 May 4 112% 5 May 1 5% 4% May 3 5% 24% May 1 26% 12% May 9 12% 10% May 17 12% 17 2% May 1 3% 11% May 18 14% 5 4% May 11 10 11 Sale May 1 11 Sale 31% 29% May 2 29% 30% Sale 45 May 1 48% Sale 48% Sale 11% 10% May 1 Sale 11% Sale 125 130 Sale May 8 131 128 153 May 10 155 156% 153 18 20 20 10 9% May 1 9% 9% Sale 3% 3% May 17 3% Sale Sale 12% 10% May 11 12% Sale 11% 5% 5% May 6 5% 5% 6 % % May 1 % % Sale 42 May 3 45% 45% Sale 43 97 May 10 100 100 101% 100 7% May 9% 2 Sale 9% Sale 91 81% May 2 90 95 90 9% May 1 10% 10% Sale Sale 122 24% Sale 39 a Sale 73 Sale 80% Sale % 1 3% Sale 20 24% 12% 13% 1 For footnotes 9% 26% 115 18 20% 1% 1% 41% Sale 15 16% 2% Sale 8% Sale 9% Sale 10% Sale 11% Sale 57% Sale 78% Sale 1% 2 4% Sale 26% 28% 13% 14% 120% 25% Highest Sale Prices 36 39% Sale 112% 107 10 11% Sale Sale 28% 35% 37 28 15% Sale 13% Sale 12% 14% Sale 13% 20 Sale 23% Sale 34% 37 Sale Sale 1% 2% 5% 5% 6% 6% 114 116 113% 117 2% Sale 12% Sale 4% Sale 13 Sale Pacific Telep & Teleg 6% preferred Sale 7% Sale 20% 18 16% Sale 110 110 6% Sale 19% 18% Sale 135 9% Sale 32 41 38% 17% 19% 22% 42% 40% 42 115 114% 106 Pacific Lighting Corp Pacific Mills Pacific Tin Corp (sp Pacific Western Oil 12 7% 17% 15% 104% 5% 18% 139% 8% Sale 8% Sale 26% Sale 130% 142 51% 21% 40% 114% Pacific Coast 57% 17% Sale * Lowest Sale Prices 109% Sale 20% Sale 56% 57 58% 53% 55% Sale 16 Sale 14% 14% Sale 84% 85 87 84% Sale 7% 8 Sale 9% Sale 105 106% 108% 109% 106 31% 32% 30 28% 32 3% 3% Sale 3% Sale 35 35 35 Sale 39% Sale 9% Sale 1st preferred—* Outboard Marine & Mfg 5 conv 80 109% Sale 21% Sale 56% Sale 4% Sale 32% 35% 105 Highest Sale Prices 35% 109 60 14% Sale 102% 102% 100 ... 7 21% Sale * 28 Otis Elevator Ask Sale 13. 13% 11 91% 95% Sale 18 20 19% 19 Sale Sale 9% Sale Sale Sale xl6% Sale 110% 113 116 Sale 112% ill2 Sale 5% 5% 4% 5% 5 25% Sale Sale 11% 15 13 11% Sale 11% 92 93 97 93 19% 21% Sale Sale 168 160 170 174% 140 Sale 142% 145 16 19 Sale 17% 7% 7% Sale Sale 59 65 Sale Sale 7% 8% Sale Sale 12 13 11% 13% 48 37% 41% 40 45 43% 74% 40 2% 3% 3% 3 9% 10% Sale 10% 19% 20% 25% Sale % Sale .2% 3 % % 16% Sale 82 89% * * (The) v t c—* * 165 115 57% Sale Sale Sale Oppenheim Collins & Co 2d Sale 82 . 6% preferred 18 70 33 108 Sale ..* $5.50 2% 10% 73% 36% 19% Norwalk Tire & Rubber Omnibus Corp Preferred A 38 47 24 67 35 56% pref.l 50 4% conv preferred 530 686,200 Paramount Pictures 1st preferred 12,100 2d preferred 56,700 3,600 72,300 36,300 18,200 18,900 214,700 56,300 6,900 92,300 4,200 36,600 10,900 4,200 22 1 50 100 North States Pow Co $5 Northwestern Telegraph Preferred 15% Sale 19% Sale 59% Sale 54% 75 3% Sale 10% 11 50 50 * 390 Outlet Co Preferred 100 20 73,800 Owens-Illinois Glass Co.. 12.50 67,900 Pacific Amer Fisheries Inc—5 42,000 2,500 Sale 170 100 115% B....100 110 Sale National Dept Stores 7% Sale * 6% preferred 10 4% 5% National Distillers Products..* 27% Sale Nat Enamel & Stamping 18 * 20% National Gypsum Co --1 16% Sale $4.50 conv preferred... * 249,300 Ohio Oil Co (The) Oliver Farm Equipment 600 800 170 Sale 22% 7% preferred class A 780 Northern Central Northern Pacific 3,400 400 17 7% preferred class 19,300 Norfolk & Western Preferred 2,270 975,900 North American CO Preferred 6% series 33.700 Preferred 5%% series 10,300 North American Aviation 881,700 100 460 6% Sale 17% 10% 11 9% Sale 25% Sale Sale 92 1 20 600 15% 62,900 JNYNH & Hartford... .100 Convertible preferred..—100 32,800 5.200 tN Y Ontario & Western.. 100 N Y Shipbuilding pt stock 1 95,100 7% preferred -100 2,290 609,700 6,300 3,300 2,800 40,800 1,800 169 110 55 72,300 1,800 1,120 1,600 14 25 % 10% preferred 50 50 990 N Y Lack & West Ry Co..l00 860 390 National Cylinder Gas Co 1 National Dairy Prod Corp...* 8% 24% Sale 14% Sale Lowest Sale Prices May 31 Ask Bid Bid Ask 106 150 1,400 7,800 5 Corp.. ... 5,500 24,600 13,100 12,800 National Aviation Bid National Supply Co of Pa—10 $2 preferred 40 5%% prior preferred—-100 6% prior preferred.. 100 140 * 29,400 National Tea Co Natomas Co -* 21,900 Neisner Bros Inc 1 8,100 4%% conv serial pref—100 400 * 4,600 Newberry Co (J J) 5% preferred series A....100 430 ...1 155,200 Newport Industries Inc * 28,000 New York Air Brake New York Central * 1,337,800 87,400 N Y Chicago & St Louis...100 6% preferred series A 100 173,900 * 102,100 N Y City Omnibus Corp —100 3,900 New York Dock 5% preferred 100 4,160 50 670 New York & Harlem. 426,800 8,500 1,040 44,400 500 320 Nash-Kelvinator Corp 5 1 Nashville Chatt & St Louis.100 National Acme-. .; 1 National Biscuit 10 7 % preferred -100 Nat Bond & Investment Co__* 5% pref series A w w 100 6,000 National Bond & Share Corp.* .* 106,100 National Cash Register 300 47,300 May 1 Par 312.800 4,770 71,600 76,000 259,100 3,900 10,600 1,200 RANGE SINCE JAN. 1 PRICES IN MAY Price stocks In 37 N. Y. STOCK EXCHANGE—STOCKS June, 1939] 25 4 31 9 31 25 15 29 11 8 26 31 4 6% Apr. 15% Apr. 12% Apr. Jan. 104 5 Apr. 16% Apr. 135 May 7% Apr. 40 May 16% Apr. 40% Jan. 114% Jan. 50 Apr. 3% Apr. 10 10% Jan. 5 8 10 30 Jan. 6 20% Mar. 3 23 113% May 25 1 8% Jan. 4 27% Jan. 3 11 Apr. 5 26 144 15 Jan. 5 10 27 55% 10 22% 45 24 26 116% 8 11 Jan. Jan. 4 6 9 Mar. 25 Jan. 3 7% Mar. 2 Jan. 70 3% Apr. 10 16 Apr. 8 6 Apr. 10 12% Apr. 8 Apr. 10 34% 41 Apr. 8 49 14% 9% Apr. 8 114 Apr. 11 131 2% 11% 3% 9% 27% Jan. 3 5 4 Mar. 14 Mar. 10 Mar. 10 Mar. 11 Mar. 16 146 Jan. 30 155. May 22 17 Apr. 10 25% Jan. 7 11% Jan. 5 9% May 1 3 Apr. 8 4% Jan. 3 10% Apr. 16% Jan. 4 1 5% Apr. 6% Jan. 20 1 1 % Jan. % Apr. 1 5 41% Apr. 14 60% Jan. 4 Feb. 14 100 May 10 104 14% Jan. 4 6% Apr. 10 80 Apr. 10 107% Jan. 4 7% Apr. 11 13% Jan. 5 Jan. 5 18 Apr. 14 26 1% Apr. 4 2% Apr. 11 43 11% Apr. 10 19 1% Jan. 26 2% 5% Apr. 10 11 9 11% Apr. 10 48 Apr. 10 57% 74 Apr. 10 88% 1% % Apr. 3 3 5% Apr. 11 19 Apr. 11 33 12 16% Apr. 8 122 Apr. 11 124 15% Apr. 10 24% 24 Feb. 8 32% 111 Apr. 17 116% 40% 30% Apr. 11 36 2 May 10 7% Apr. 8 Apr. 8 15 Apr. 8 21 17 Jan. 18 7% May 19 5% Apr. 10 28% Apr. 11 36 Apr. 8 75 Jan. 7 1% Apr. 3 8 Feb. 27 % Jan. 4 Jan. Jan. Jan. 3 Mar. Jan. 2 3 Feb. 25 Jan. . Mar. 8 Mar. 9 Mar. 15 Jan. 4 May 29 Mar. 14 Feb. 6 3% Jan. 17 41 34 4 Mar. 1 Jan 3 May 31 Jan. 16 Jan. 6 24 Jan. 7 Mar. 10 Mar. 10 19% May 31 10 Mar. 10 8% Mar. 14 44% Jan. 5 47 Feb. 17 86 Feb. 16 2% May 26 4 Mar. 27 % Jan. 6 N. T. STOCK 38 EXCHANGE—STOCKS AGGREGATE SALES : Since May 400 940 160 Pittsburgh Coal (of Pa) 4,900 6% preferred 2,900 Pitts Coke & Iron Corp 600 100 410 86,800 12,800 1,160 2,750 1,080 8,850 7,300 2,000 300 960 380 1,360 6,800 6,800 41,600 8,200 4,100 4,100 213,500 4,600 5,900 87,200 11,310 177,200 12,600 7,100 4,800 2,880 600 200 26,000 1,200 600 25,700 2,170 26,200 2,000 1,000 900 1,000 Pressed Steel Car 36,900 24,600 100 300 88,500 ~ 7,400 15,200 900 6,900 700 900 700 5% conv 1st preferred 13,966 300 600 800 8,400 700 30 80 600 5,300 29,600 10 700 2,500 1634 13* 3* 1434 300 200 53,700 100 150 152 4,300 500 , * * 15,500 94,300 7,600 10,300 ,3/« 8 188 Sale 12* 134 34 Sale 7h Sale 834 7% 24 Sale 134 24 824 2|* Sale 2 34 Sale 9 27 5734 11634 Sale Sale Sale Sale *3724 Sale Sale 10734 Sale 11724 a12134 Sale 11314 34 2* 107 24 11614 12924 130 139 Sale Sale Sale 158 113 116 Sale 11324 117 2724 Sale Sale 19 10334 Mar. Mar. 19 154 Mar. 23 25 3434 May 1 3624 May 2 *42 34 7 24 624 May 8 24 34 May 2 2634 40 May 16 45 3 May May May May 17 29 29 31 3 34 May 9 May May 6 May 26 524 May 24 52 May 5 3 15 524 May 19 724 May 23 May 1 23 1224 May 22 20 May 3 834 May 2 34 May 20 1834 May 1 834 May 31 834 May 17 134 May 10 1 K May 724 May 17 734 May 17 17 34 May 9 5 24 May 24 54 May 29 634 May May 30 May 1634 May 2334 May 1034 May 24 May 2124 May 834 May 1134 May 13-4 May 34 May 934 May 9 May 26 22 May 17 May 57 34 May 54 May 3 May 11234 May 13 117 38 34 34 May May 10834 May 1,07 34 May 123 34 May 11734 May 139 May May 161 May May 9 88* Sale Sale Sale 73 Sale 13 * Sale 7r° Sale 6334 100 67 Sale Sale 20 17 Sale 233* 182* 2534 2034 434 Sale Sale 31 29 31 31 29 31 31 31 31 31 4 27 29 29 27 31 29 29 11 19 31 17 Apr. 20 3134 Apr. 10 9 234 Jan. 7 3234 4324 324 4534 834 2624 Jan. 3 1 4 Mar. 23 36 Jan. 3 Jan. 3 Mar. 29 634 Apr. 11 Apr. 18 3534 Mar. 27 23 234 Apr. Apr. 12 8 6 4 Mar. 31 50 Apr. 27 Jan. 5 Apr. 734 Apr. 22 Apr. 12% May 20 May 7 Apr. 3-s Apr. 1734 Apr. 634 Apr. 8 Apr. 134 Apr. 34 May 6 34 Apr. 734 Apr. 18 Apr. 5034 Apr. 112 Mar. 3134 Apr. Apr. 103 115 Jan. 129 Apr. Apr. 148 45 Mar. 15 Jan. 14 May 29 May 31 Jan. 4 2034 Jan. 734 Jan. 67 Jan. 5 11 5 173 Apr. 12 5 924 Jan. 5 14 Jan. 5 42 Jan. 2424 J an. 14 5 36 34 Jan. 1524 Jan. 5 3 24 May 31 3 2234 Jan. 9 Feb. 27 4 1624 Jan. 2 34 Jan. 6 24 Jan. 17 5 1424 Jan. 14 34 Jan. 5 43 34 Jan. 5 57 H Mar. 14 119-/4 Feb. 27 382* Mar. 11 109 Feb. 27 12324 May 19 May 31 161 May 17 139 _ _ 1534 Sale 1624 334 1934 334 18 19 36 50 39 Sale Sale Sale 192* Sale 38 74 634 63* 834 624 12 8 11M 63 34 63 a* 88 55 1234 6534 Sale 66 34 74 134 1624 Sale Sale 100 42 9 86 81 Sale 6 34 Sale 3624 Sale 53 93* 1 Sale 11 634 Sale 62 734 1434 Sale 20 22 Sale 3/ 74 78 Sale Sale 96 10534 183* Sale 14 13* 324 2924 8134 724 634 Sale 13* 1 4624 11 65 103* 442* 573* 9 Sale 9 Sale 823* 24 2834 24 134 1 34 Sale 34 134 234 2634 70 50 Sale 83 Sale t* 334 834 134 35 34 24 134 3324 Sale 92 Sale 99 34 9 Sale 106 Sale 110 Sale 111 Sale 11534 1 Sale 1134 13 12 17 Sale 13 24 Sale 14 68 100 Sale 7034 24 73* 4724 Sale 6934 34 434 Sale 46 34 47 113 Sale 483* 113 3* 2* 23* 212* 23* 73 34 1734 192* 61 75 Shle 11424 Sale 7 473* 234 Sale 33* Sale Sale Sale 50 43 8 24 2834 15 Sale 34 34 11 34 105 Sale Sale 33* 2124 283* 9424 Sale * Sale 96 3* 134 44 934 Sale Sale 10124 Sale 534 Sale 20 34 Sale 3 234 1834 Sale 1914 9234 Sale 65 1003* 103 1834 Sale 163* Sale 143* Sale 132* Sale 2 2* Sale 183* Sale 132 3* 103 100 $6 preferred Sale 115 Sale Sale Sale 32 3* 4924 124 *1924 334 234 Sale 7624 15 K Sale Sale 13 34 II34 5434 Sale 5734 134 17 34 2 34 6624 14»4 Sale Sale 5 Sale 11 6 24 Sale Sale 13 34 434 20 34 94 9224 1434 13 1134 1414 1424 1124 Sale 134 134 May May 22 May 65 May 41 May 834 May 81 May 624 May May May Sale 36 55 55 Sale May 29 1 y8 May 24 17 24 May 31 May 49 May 12 24 May 25 May 65 May 42 34 May 924 May 11534 Mar. 23 7 83 Apr. Apr. Jan. 72 Apr. 1024 Jan. 12 Jan. 11734 392* 1154 903* 8134 1634 13 Jan. 19 Jan. 4 Jan. 3 Mar. 29 Jan. 3 Mar. 11 Mar. 11 534 Apr. 834 Jan. 53 34 Apr. 67 2* Jan. 83 Sale 134 17 34 234 66 34 Sale 14 Sale 1124 5434. Sale 234 Sale j» 3 34 80 Sale" 93 34 Sale 10334 105 14 15 1234 1834 1134 134 1334 Sale Sale Sale 19 Sale 1934 Sale 13134 13724 13834 140 1824 93 70 103 13 H 1124 May 15 May 1134 May 124 May 1734 May 134 May Mar. 25 42 29 29 4 Mar. Apr. 92* Apr. 22 Apr. 10 65 May 41 25 72* 7824 53s 353* May Apr. May 29 714 May 25 37 3* May 27 55 May 10 25 18 31 22 31 31 3 10 31 29 25 29 Jan. Jan. Jan. Jan. 6 5 12 5 7534 Mar. 1& 72 Mar. 15 124 Jan. Jan. 70 Jan. 71 Jan. 20 24 Jan. 40 3* Jan. 11* It* Mar. 15 Jan. 18 58 Jan. 31 Apr. May Mar. 1024 Jan. 934 Jan. 163* Jan. a Apr. 34 4 Apr. 2724 Apr. 2724 Apr. 8234 Jan. 31 Mar. 20 934 924 112* 173* Mar. 31 29 54 63* 63* 13 34 1834 3 2* May 31 2134 Mar. 13 53* Feb. 11 Apr. Apr. 6 18 182* Jan. 2534 Jan. 54 Apr. Apr. 124 May 2 23 3* Jan. Jan. 4 Mar. 18 5 112* Jan. 45 Jan. 4 Jan. 3 2 2 3* Jan. 22 34 Jan. 17 Jan. Apr. 24 24 May 31 134 May 31 20 May 31 2 3a May 8 7624 May 31 16 May 31 14 May 29 57 34 May 31 4 24 May 19 45 24 May 29 9H May 26 37 24 May 25 1234 May 31 106 May 26 6 34 May 6 25 24 May 31 3 May 9 19 May 4 20 24 May 25 93 May 6 80 May 31 105 May 20 14 24 May 12 12 May 18 1954 May 26 1234 May 15 2 24 May 5 1 2024 May 140 May 26 Sale 652* May Apr. 60 iH 824 May 7 May 1524 May 23 32 May 1 34 May 3534 May y2 May 1 34 May 2 May 3 24 May 4034 May 100 May 110 24 May 115 34 May 13 May 14 24 May 7124 May 24 May 7 24 May 5024 May 117 34 May May May May May May May May May May May May May May May May May May May May May May May May 10 1% Apr. 8 1634 Apr. 4 834 Apr. 10 1534 May 24 10 34 Apr. 8 2124 Mar. 31 17 Apr. 11 3 Apr. 47J* Feb. 7 Apr. 634 Apr. 9 Apr. 1024 Apr. 25 May 734 May Sale 1434 May 23 20 May Sale 34 May Sale 2834 May Sale 24 May Sale 1 May 234 124 May 9 324 May Sale 3224 May Sale 92 May Sale 105 May Sale 110 " May Sale 12 May Sale 1224 May Sale 6924 May Sale 24 May Sale 4 H May 5034 4634 May 11734 114 May 4 43 34 4434 9 924 Sale 36 34 37 3324 12 34 Sale 1024 101 10534 106 5 34 534 Sale 24 H Sale 20 34 334 224 224 1824 18 1734 Sale 74 Sale 8 Sale 7 1524 2224 124 324 4034 % 224 2 51 45 9 18 3 24 1 May 1434 May May 52 24 79 Sale 4734 1224 70 16 13 24 23 13 May 29 66-24 May 9 70 May 29 44 48 10 25 15 18 4 3 31 16 10 26 11 May 17 6534 May 3 63 May 1 55 41 80 68 6h May 47 2424 814 tlv 68 1134 2 34 1834 May May May May May May May May May 834 734 60 Sale Sale 64 49 7 Sale 48 45 334 9 IK Sale 15 34 Sale 55 4334 40 163* 332* Sale Sale Sale * * 17 1934 Sale 1 1 5 124 May May 824 May 20 1534 May 24 112* May 22 22 May 19 1734 May 24 3 34 May 23 Sale 13 68 10 934 15.34 23 72 1 10 18 24 68 _ 58 34 May 234 1834 Sale 100 100 5 77 2 Sale 10 9 May 22 2834 May 27 834 May 83 May 27 7534 May 24 1534 May 3 1134 May 12 6 24 May 3 90 1534 125* 513* 73* 103* 934 1034 12 1034 1634 Sale 78 7434 67 693* 513* 133* Sale 1234 Sale 20 34 100 100 * 100 . 80 Sale 10 _ Sale all5 May May 724 May 83 May 72 May 1324 May 1134 May 6 May Sale 100 115 25 Sale 1434 1134 634 Sale 41 134 242* 5834 1% 162* a 86 75 12J4 80 22* 86 7434 13 Sale 8 * 106,700 South Amer Gold & Plat. 49,000 8U Westphalia El & Pow 40. Sale Sale 1034 Sale 24 Sale 2124 Sale 834 Sale 2634 7% 8034 3 page Sale 1634 23 34 Sale 12 1 615.700 see 3 166 Sale 1324 .10 5,700 Smit h & Corona Typewr 47,000 For footnotes 58 Sale 813* 100 Remington-Rand 880 6 9 86 50 50 50 1,590 Sloss-Sheffield Steel & Iron. 320 824 1134 1 Reliance Mfg Co 3,790 16,400 534 5434 30 Sale c 734 2634 149 1143* 120 382* Sale * 27,100 2,300 74,500 Sharp & Dohme... 5,400 50,300 1,790 81,600 10,700 41,600 134,100 12,600 Simms Petroleum. 7,600 49,300 1,9.00 6% preferred 240 8234 May May 126 Gas 261,300 165,100 Servel Inc. 16,000 Sale 135 71,700 9,300 58,600 Seaboard Oil Co of Del.. 3,300 200 Sale 130 8,830 3,830 7% 7,800 127,100 11,100 126,900 tSchulte Retail Stores. 39,200 8% preferred 17,600 1,050 31,200 1,300 11,300 Sale May 2 8234 May *9 May 19 .32 May 29 324 May 2 334 May 15 42 171 634 Sale Sale 234 24 Highest Sale Prices 91 334 44 334 S;ale 15 63* 2* 9 1143* 11524 311,300 2,710 900 16 20 7 100 3u 8,700 2,600 27,600 4,100 2,000 3 Sale 8 3* 34 Sale 100 61 0 760 36 3* Sale Lowest Sale Prices 115 Sale Sale 21,100 1,150 90 Sale 18 118 1,100 jRutland RR preferred 75,800 13,300 370 Sale 13 3* 104 (Robt) & Co 1st pref. .100 Reliable Stores Corp * 55,100 45 23 41 Sale 55 Preferred 20 5% 1% Sale Sale 1424 3224 26 Sale 53 50 212* Reis 500 900 14 Sale 234 4234 634 2634 164 Sale Pullman Co Pure Oil 13,000 6,700 2,500 67 169 92* 8 3524 3 42* Sale Richfield OilCorp.. 4,700 Ritter Dental Mfg 9,900 Roan Ant Cop Mines new 14,300 Ruberoid Co cap stk new... 1,300 3 34 13 3* 56 $5 preferred Rhine 834 43 327",900 22,200 53* 100 * 6% preferred 7% preferred 8% preferred 420 5 34% preferred 29,900 Reynolds Metals Co 2,300 53*% conv preferred 46,000 Reynolds Spring Co 167,800 Reynolds (R J) Tob cl B 280 Common 5,000 Sale * 158,500 995,200 Republic Steel Corp 2,600 6% conv preferred 6 % conv prior pf ser A 8,200 66,000 Revere Copper & Brass Class A 1,800 2,190 7% preferred 32,800 94,900 115 73* Preferred w w 25 840 Rensselaer & Sara RR Co.. 100 30 443* Highest Sale Prices 126 3 2* 31 115 62* 243* 37 8 20 20 Sale Sale 137 334 40 25 91 5 8934 43 * $5 preferred-. 90 50 5 50 5% conv 2d preferred Procter & Gamble. Preferred 5%... Pub Serv Corp of N J com 1,400 3,700 2,100 107,700 2,800 600 41 40 1 25,600 Rayonier Inc 8,400 28,000 Reading Co 1st preferred 4,100 2d preferred 6,700 7,300 3,300 1,100 342* 23* Sale 724 2424 6% preferred 5% conv preferred 100 Purity Bakeries * Quaker State Oil Rfg Corp..10 Radio Corp of America * $5 preferred B 40",3 00 $3.50 conv 1st pref * 135,700 TRadio-Keith-Orpheum Corp.* 8,500 Ray bestos-Manhattan. * 3,000 23,800 Sale 33* 36 100 100 * common Public Service Elec & 940 40 Porto Rican Amer Tob cl A__* Class B__ * 1,100 224,800 292,000 3,400 22,200 154,900 2,500 900,100 100 400 20 39,100 2,500 Pond Creek Pocahontas Co__* 74,500 Poor & Co class B * 100 1 Lowest Ask 131 4 303* 4324 22* 60 $5, conv preferred * Pitts! Ft Wayne & Chicago 7% guaranteed pref 100 166 824 Pittsburgh Screw & Bolt * 1334 Pittsburgh Steel Co _* 37 7% preferred class B 100 24 5% preferred class A 100 34 534% 1st .ser conv pr pf__ 100 Pittsb & West Virginia 1524 100 Pittston Co (The).. 3* * 223* Plymouth Oil 5 280 60 20,400 2,900 5,600 19,100 2,800 1,000 3,600 1,000 142 100 10",000 "2" 100 240 135 3 100 Pitts OO&StLRR Co 11,300 1,700 3,500 90 Sale 5 Preferred Sale Sale Sale 15,900 Pierce Oil 8% conv pref 100 8,600 Pillsbury Flour Mills 25 740 Pirelli Co of Italy Am shares. 900 1,700 SINCE JAN. Sale Prices May 31 Ask Bid Bid 6 9434 100 Preferred Ask 142 3* 10 100 * 185,900 Phillips Petroleum 800 Phoenix Hosiery """116 Bid Par 80 22",600 1 May 136,800 Philip Morris & Co 5,900 5% conv pref series A 7,300 Phillips Jones Corp 300 RANGE 1939 Shares 20,100 MAY Jan. 3 Jan. 1 Shares IN PRICES Price STOCKS N. Y. STOCK EXCHANGE In 1« Jan. 96 104 34 Jan. 1024 Apr. Apr. Apr. 2* Apr. 32i Apr. 45 Apr. 67 113 Jan. 2* Apr. 25 1 Apr. 163* Apr. 234 Feb. 60 24 Apr. 112* Apr. 10 34 Apr. 5434 May 2 28 4034 May 31 100 11034 11534 1834 17 3* 7534 May 424 Apr. 173* Apr. 2 2* Apr. 1634 Apr. 1834 Apr. 92 Apr. 70 Apr. 101 112* 1124 12 3* 1034 12* 14 127 Jan. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Jan. Mar. 3 9 Mar. 15 Jan. 20 24 Jan. 23* Jan. 5 222* Jan. 5 334 Jan. 5 6 773* Mar. 13 18 2* Jan. 10 2124 Jan. 5 Jan. 11 Jan. 5 69 503* 1124 373* 153* 102* May May 18 May 29 May 31 1034 Jan. 25 5024 May 25 11734 May 29 433* May 8 Apr. 101 Jan. 3 34 Jan. 4 Apr. 7 2* Jan. 7 134 Jan. 4624 Jan. 24 Jan. 3 2* May 28 Jan. 7 Feb. Feb. 16 24 May 25 Jan. 5 Feb. Jan. 3 3 32 24 Jan. 3 3* Jan. 3 2124 Jan. 3 107 7 2934 Jan. 4 5 9524 Jan. 19 101 Feb. 21 105 Mar. 7 Jan. 5 192* 1734 192* 13 24 3 Mar. 11 May 26 Jan, 4 Jan. 10 202* May 141 Feb, 1 4 Y. STOCK N June, 1939] AGGREGATE SALES 1939 Shares Ask Bid Par 24 % Sale 25% 21% Sale 12 Sale 13% 19% 26% 13% 15% 22% Sale 100 Sale 20,500 4,770 72,000 4,500 4,700 676,200 51,000 2,200 494,200 10,920 -* Spalding (A G) & Bros Sale 33 A 38 3 Sale 35 3 100 .* —1 * 1 * * 2 preferred 1st 22 % 100 certifs—100 Ohio Sparks Withington Spear & Co Spencer Kellogg & Sons Sperry Corp (The) v t c Spicer Mfg Co S3 conv preferred A Spiegel Co Inc Convertible $4.50 preferred * Square D Co class B 1 241,600 244,100 1,600 389,000 9,300 37,400 115,000 32,200 556,200 349,600 14,700 2,480 128,900 28,600 125,100 24,100 12,000 1,700 77,200 35,200 Starrett Co * Jersey_25 * (The LS) 10 5 Sun Oil.. 10 71,000 25 Ltd------Symington-Gould Corp with stock purchase warrants—1 Swift International 50,400 1 Without warrants 6,400 Talcott 790 5% % -9 50 (James) Inc— preferred 21.300 Telautograph 5 Corp -5 45,400 Tennessee Corp 349,100 Texas Corp (The) 25 * 114,500 Texas Gulf Producing Co -* 97,300 Texas Gulf Sulphur— 62,300 Texas Pacific Coal & Oil.---10 68,100 Texas Pacific Land Trust ctfs.l 100 7,900 Texas & Pacific 4,800 Thatcher Manufacturing....* $3.60 conv preferred * 1,600 5,000 The Fair Co 1,020 100 7% preferred 43,700 Thermoid Co $3 dividend conv 2,090 19,000 Third Avenue 5,900 61,800 43,600 6,800 180,900 9,700 100 25 — * --* Preferred Tide Water Associated Oil.. 10 preferred -* $4.50 conv 10 73,500 Timken-Detroit Axle Co 57,500 Timken Roller Bear 171,400 113,000 13,900 102,300 2,800 22,400 5,300 146,400 11,200 9,700 Twin City Rapid Preferred 2,520 93,000 Twin Coach Co Transit Sale 100 * * * * 5 -10 100 5 5 * * •-* 54,200 United Merch & Mfrs Inc vtc.l United Paperboard Co 10 22,400 Preferred Secur Corp—* $6 1st preferred * U S Distributing Corp * 34 600 U S & Foreign 4 000 Preferred 18 700 U S Freight 60 300 U S Gypsum Co 470 7% preferred.. 12 800 U S Hoffman Mach 3 040 600 conv preferred Industrial Alchol 5%% 50 800 U S 18 800 U S Leather. •_ 700 99 100 For footnotes, see page 40. Sale 8% 11% 6% 50 54 Sale Sale 4% 4 Sale Sale Sale Sale 5% 32% 9% 8% 21% 19% 58 Sale Sale Sale Sale 6% Sale Sale 58% Sale 4 37% 18 3% 28% 3% 15% 13% 93% 18% 94% Sale Sale 3 2% 8% 12 37 Sale 5% 8% 10 Sale 6 97% 4% 12 Sale 13% 26% Sale 35% V* c Sale 28 13% 16% 115 Sale Sale 23 Sale Sale 119 Sale 65 17 17% 3% Sale Sale 34 Sale 2% 72% 3% 7 19% 28% 2% 19 2% 31% 5% 5 V* A¥A j* 10% 85 Sale 115 12% Sale 4 Sale 6% 74% % 6% 62% 73% Sale % 61 4 28 114% 7% 89 Sale Sale 35 Sale Sale Sale 18 Sale 2% 9% % 5% 6% 81 Sale 3% 1% 3 Sale • 2% Sale 23% 2% 9% Sale 12% Sale 92 Sale Sale 94 Sale Sale 41% Sale Sale 6% 8% 6% 2% Sale 6% 2 80% 3% Sale Sale 30% Sale 22% 73, 3% 8% 21% 31 2% 27 9% 18 4 25 26 2 15 29 25 31 24 1% 3% 7% 15% 19% May May May May May May May May May May May May May May May May May May 27 May 3 4% 66% 2% 6% 16% 44% 18% 46% 17 13 1 69 3 23% 6% 1 1 106 5 1 2 3 1 1 27 29 25 9 23 4 10 10 25 25 25% 46% May 10 25% May 17 76 May 10 May 9 May 27 12 May 29 7% May 25 54 May 4 127% May 11 8% May 29 29 May 31 2% May 25 14 %r May 29 28 May 15 8% May 20 18% May 10 27% May 3 41% May 24 May 70% May 7% May 3% May 9% May 6% May 50 May Sale Sale 7% Sale 5% May 17 4% May 2 5% May 23 35% May 13 5 May 3 47 7% 86 7% 76 ,% Sale Sale Sale 4% 7% 43 52 39 Sale Sale Sale 4% 34% Sale Sale 92 Sale Sale 49% 52 64 65 % 6% 7% 88 175% 5% 25% 17% 4 7% 48% 42% 3% 41% 108% 52% 64% 5 4% 36% 3% 27% 7% 6% May 5 May 2 May 17 May 4 May 20 May 3 13 May 22 17% May 3 58% May 5 3% May 15 33 May 31 2% May 23 15 May 8 1% May 15 3 May 2 19% May 18 2 May 16 9% May 22 11% May 3 91 May 6 12 May 1 35% May 22 5% May 10 8 May 16 6 May 3 2% May 2 3% May 7 May 8 6% May 29 5% May 27 6% May 4 36 May 25 5% May 12 5% May May 4% May 29% May 8% May 7% May 15 May 17% May 60 May 3% May 35 May 3% May 19 May 2% May 3 May 23% May 2% May 10% May 12% May 94% May 14% May 42% May 6% May 9% May 6% May 2% May 41 11 25 4 29 3 26 31 3 17 15 11 31 29 4 2 31 10 25 11 16 31 31 31 10 25 4 Sale Sale 32 Sale Sale Sale 45 Sale 5% May 80%\May 84% Sale % May 5 Sale May Sale 6% May 80 Sale May 171 May 177 Sale 4% May 32 25% May Sale 14% May 3% May 4% Sale 6% May 46 60 May Sale 38% May Sale 3% May Sale 34% May 92 Sale May Sale 49 May Sale 63% May Sale 1 19% May 18 29% May 20 2% May 1 21 May 3 8% May 16 Sale 49% 11% Apr. 15% Apr. 3% May 10 8% May 10 22 May 10 31 May 2.5 2% May 5 27 May 31 9% May 26 3 May 24 50 May 22 9 May 16 23 77% May 17 114% May 17% May 2 99 May 1 May 18 86 22% May 1 17 39% May 10% May 17 18% May 3 4 118% May May 2 62 16% May 3 2% May 16 35% May 1 6% May 1 5% May 16 63% May 22 4% May 1 30% May 22 6 78% May 13 May 1 13 115% May 9% May 1 4% May 12 27% 21 % 23% 33% 39% 4% 66 % 3 % 8% 21 % 47 % 18% Jan. Jan. Apr. Apr. Apr. 36 Apr. 11 Apr. 42 Apr. 9% Apr. 60 Apr. 18% Apr. 6 Apr. Jan. 98 Mar. 16% 75% 30% 7% Mar. 2% 35% 1% 4% 14% Mar. Jan. Jan. Jan. Mar. Man. May Jan. Feb. Jan. Feb. May 48 24 8 11 11 Mar. Mar. Mar. Jan. 106 % May 2% Apr. 1 4% Apr. 11 10 Apr. 11 13% Apr. 10 2% 5% 10% 20% 24% 25% Apr. 23% Apr. 46 Apr. 41% May 20% Apr. 65 Apr. 7 Apr. 3% Apr. 8% Apr. 5% Apr. 46 Apr. 120% Jan. Apr. 22 Apr. 2 Apr. 10 Apr. 25 Apr. 8 Apr. 17 Apr. 25% Apr. 30% 29% 50% 53% 33% 11 4 4 4 4 14 26 5 '9 3 18 31 15 9 8 10 3 May 23 Jan. 4 Jan. 20 Jan. 20 6 Feb. Jan. 19 Mar. 14 5 Jan. Mar. 9 Jan. 3 Jan. 3 76 May 10 5 12% Jan. 3 6% Jan, 174 Jan. 5 Mar. 4 127% 11% 38% 3% 22% 30% 10% 19% 28% Jan. 4 6 Jan. 3 Jan. 3 6 4 66 Jan. Jan. Jan. Mar. 14 Jan. 13 Jan. 19 Mar. 27 4% Apr. 10 4 Apr. 8 5% May 23 35% Apr. 26 10% Jan. 4 8% Jan. 4 7% Mar. 11 42% Jan. 24 4% Jan. 4 Apr. Apr. 3% Apr. 26% Apr. 7% Apr. 6% Apr. 11% Apr. 16% Apr. 6% 6% 48% 5% 32% 10% 56 3 1% 7% 11% 87 Jan. 3 Jan. 3 Jan. 3 Jan. 5 Jan. Jan. 6 6 4 9 Mar. 16 21 Jan. May 17 9 4% Feb. Jan. 7 40 4% Jan. 10 Jan. 10 21 Mar. 2 3 60 3% Apr. 32% Apr. 2% Apr. 14 Apr. 1% Jan. 17 Mar. 11 22% Jan. 35 ■ Mar. 3% 28% 3% 15% 14% Apr. Apr. Apr. Apr. Apr. Apr. Apr. Jan. 10 Jan. 3 4 3 Jan. Jan. Mar. 10 96 Feb. 9 18% 54% 7% 10% 10% 10% 34% 5% May 6% Apr. 5% Apr. Jan. 3 Jan. Jan. 3 10 Jan. 3 Jan. 4 31 26 29 4 26 22 31 2 Mar. 31 4 Jan. 74 80 Sale 2% May May 8 May Sale 71 May 113% May Sale 16% May Sale 89 May Sale 82% May Sale 20% May Sale 35% May Sale 9% May Sale 17% May 117 May 118% Sale 55% May 14 May 17 Sale 2% May Sale 31 % May Sale 35 Sale Sale 5% May 6 4% May 5% 5% 5% 62 Sale May 62 70 4 May Sale 4% Sale 29 May 30 30 29 Sale Sale 72% May 78 12 May Sale 12% Sale 115% May 115% 115% 116 7% May Sale 9% Sale 4% May 4% 4% Sale Sale 171 5 4% 32 23% Sale 15 3% 7% 4 Sale 14% Sale 70 66% 19% 60% 19 2% 3% Sale Sale Sale 15 33 167 Sale Sale 8% Sale 72% Sale 60 c 8 48% 8% 76% 114% 16% 16% Sale Sale 89 98% 85 85% 79% 21% 20% Sale 35% Sale £38% 9% Sale 10% 17% 17%' Sale 115% 118% 116% 55% 58% 54% 14% 15% 13% 2% 2% Sale 45 Sale 32% Sale 65% Sale 3% 36 Sale 8% Sale 66% 6% Sale 7% Sale 7 13% 11% Sale 95% Sale 87 8% 93 6x8 Sale Sale 18 10% 3% Sale 58% 3% 20 Sale Sale £29 17% Sale Sale Sale Sale 59 Sale Sale 5% 5% 4% 39% 4% 5 Sale 16 14% 1% 2% Sale 2 12% ' Sale 6% 5 57 3% 33% 40 Sale 15% 8 1 Sale 38 Sale 4 17 Sale Sale 48 18 126% May Sale 8 7% May Sale 28 24% May 25 2 May Sale 2% Sale 12 May 13% 14% Sale 25 May 26 27% 25% 8 May 9 8% 7% 17% May Sale £18% Sale Sale 26% May Sale 27 127% 5 6% 100 * —20 il?* 100 173 7% —5 31% 50 23% * 5% * 10% -* 60% 100 47% 20 5% --* 52% 10 100 101% Class A Prior preferred U S Pipe & Foundry 127 800 U S Realty & Impt 1,655 400 U S Rubber.. 156 200 8% 1st preferred 29 000 U S Smelt Ref & Mining-..50 Preferred 50 <8, 700 34 500 76 24% 5 Sale 3 200 70% 69% 7% Sale 4 ' 3% 10% Sale Sale 6% Sale 4% 4% 36% 4% 27% 41 ImptCo.. 44% 23% 23% Jan. 10% Apr. 34 9 3 49 24% May 5% 36% Sale May 29 14% May 31 16% May 31 23% May 31 27 49% 5% 4" 6% 40% 4% 6% 25% May 1 11% May 16 13% May 1 19 May 18 Sale 48 5% 4% 6% 35% Sale United Gas 26% 25% Sale Sale 8 Highest Sale Prices 25% May 17 Sale 9 44% Sale United Fruit Sale Sale 126% 7% 23% 2% 12% Lowest Sale Prices Sale 7% 7% 42% 18% 98% 83% 22% Coal Cos Foundry 18% 27 90 United Electric Sale Sale 2o 78,400 Union Oil, California —100 84,300 Union Pacific 4% preferred ...100 20,600 22,500 Union Tank Car 5 710,700 United Aircraft Corp.. 346.000 United Air Lines Transport..5 19,100 United Biscuit of Amorican...* United Eng & 6% 14 Sale Sale Sale Sale 51,200 10,200 104,000 375,000 5,100 "3% 6 12% 18 4% 65% 11% - Preferred 10,5 Sale 24 24 12% * 17,900 Ulen & Co 20,700 Underwood Elliott Fisher.. * Union Bag & Paper 172,400 257,200 Union Carbide & Car.. 370 Union Elec Co of Mo $5 pref-.* ' 860 Sale Sale Sale 10% — —... Sale 44% 53 Sale Sale 575,100 United Corp Preferred 142,600 170.700 United Drug Inc 13,200 United Dyewood 22% 6% 45 Highest Sale Prices 3% May May Sale 1 % May 5% May 6% Sale 15 May Sale 39% May Sale 14% May Sale 44 May Sale 10% May 62 68 May Sale 19% May 6 Sale May 106 102% May % May Sale 2% May 6 Sale May 16 11% May Sale 15 May Sale 3% 100 1 250 25.300 United Carbon.. 6,700 United-Carr Fastener Corp 20 26% 24% Lowest 37% 4% 10% 18% 27% 34% -— Preferred 67% 5% 11% Sale 30 * 2 Inc....—5 Trail & Williams Steel I org..* Tri-Continental Corp * 6% preferred. * Truax Traer Coal -* Truscon Steel Co 10 20th Century Fox Film Corp_* Transamerica Corp Transc & West Air $1.50 preferred - Sale 15 120% 121% 11% Sale 38% Sale 3% Sale 20% Sale 1 pref— -10 Thompson (J R) Thompson Products Thompson Starrett Sale Sale Sale 10 (The)—50 Swift & Co 12% 1% 2% Sale eVA 100 Superheater Co (The) Superior Oil — -Superior Steel 100 Sutherland Paper Co....—10 Sweets Co of Amer Sale Sale in. 6% preferred Sunshine Mining Co Sale 28% Sale 28% Sale 50% 42% 53% Sale 33% Sale 71% Sale 12% Sale 17 Corp 46 Sale 18% 6% 102% Sale Sale 1 Webster Studebaker Sale 18% 23 44 Sale 62 Sale 17 5% 16% 43% 17% 11 Sale 3% 9% * * * Stokely Bros & Co Inc Stone & 15 41% 2 A Sterling Products Inc Stewart Warner Corp 16 40% 16 15% 70% 29% 7A 98 % 2 5% 45% Sale Sale 63 Sale 15% California—-* 25 Oil of Kansas 10 Standard Oil of New Sale 3% 2% 5 15 45 Oil Co. of Ind Standard 8% Sale 47 Standard Oil of Standard 2 Sale . 7% Sale 30 4 49 46 42 21 30,000 434,100 Standard Brands $4.50 preferred 14,900 30,400 ^Standard Coui'l Tobacco 75,100 Standard Gas & Electric $4 preferred 143,900 $6 prior preferred 12,500 7 prior preferred 88,000 3% Sale Sale 37 27 41 Ask Ask Bid Bid 98,700 Southern California Edison..25 708,800 Southern Pacific Co 569,800 Southern Railway 308,300 5% preferred Mobile & 1 Sale Prices May 31 May 1 Jan. 1 600 SINCE JAN. Jan. 3 exchange n. y. stock RANGE PRICES IN MAY Price STOCKS Since EXCHANGE—STOCKS 10 88 Jan. 9 4% 13% 26% 34% 3% Jan. 3 Apr. 3 Apr. 6 Apr. 16% Apr. 28 Apr. 1% Apr. 17 % Apr. 7% Apr. 2 44 10 il! 8 Jan. Jan. Jan. Jan. 11 30 11 12% Jan. Mar. 28 Apr. 5 27 Jan. 4% Jan. 4 Jan. 3 66 4 6% Apr. 10 12% Jan. 8 4 65% Apr. 90% Jan. 113% May 17 114% May 26 2 5 16% May 19% Jan. %l1A Apr. 78 Apr. 20% Mar. 33 Apr. 7% Apr. 15% Feb. 112% Mar. 52 Apr. 13% Apr. 2 Apr. 10 30% Apr. 10 4% Jan. 10 4% Mar. 25 60 Apr. 20 3% Apr. 10 25% Apr. 3 62* Apr. 31 Apr. 27 Jan. 24 111% Apr. 29 Apr. 31 27 25 25 31 27 8 25 29 7% May 25 81% May 26 1 May 20 6% May 22 7% May 25 88% May 31 179 May 24 5% May 31 25% May 17 17% May' 29 4% May 3 7% May 25 46 May 23 43 May 27 4% May 1 43 May 31 109% May 31 53 May 9 65 May 3 3' 11 104 13 89 28 11 il 24 13 8 „% 20 31 6 3% Feb. 39% Mar. 14 7% Mar. 10 5 8% Jan. 11 74 11 4 6% Jan. 33% Jan. 12 78% Mar. 11 10 26 11 8 11 6 46 35 11 15 Mar. 31 5 Jan. 4 87% Mar. 1 23 68 8 May 20 7% Jan. 10% Jan. Jan. 13% 3% Feb. 7% Jan. 11 60 23 Mar. 13 8 £13% Feb. 27 6 115% May 24 8 10% Mar. 6 3% 31% 86% 48% 4 8 10 Apr. 10 Apr. 10 113 3 180 Apr. 8 Apr. 7% Apr. 10 32 Apr. 11 25% 5% Apr. 11 10% Apr. 11 Apr. 25 61% Apr. 10 49 6% Apr. 11 52% Apr. 11 Apr. 11 111% 65% Apr. 11 7h 170 4 Mar. 11 5% Mar. 31 75% Apr. 17 May Mar. 5 23% Jan. 42% Feb. 25 13% Mar. 4 18% May 27 8 118% May 65% Mar. 10 Jan. 4 3 4 Mar. 9 Jan. 4 Jan. 18 Mar. 9 Jan. 3 Jan. 4 Feb. 2 Mar. 13 Mar. 10 Jan. 3 Mar. 8 Jan. 5 Mar. 27 N. Y. STOCK EXCHANGE-STOCKS 40 AGGREGATE SALES In May Shares May 1 Par 2,480 23,700 13,000 44,700 3,400 3,500 6,000 700 600 30 390 2,500 40 13,300 2,500 69 Sale 35 Sale 25 7% preferred 44 2,100 46 Sale United Stockyards Gorp._„-_l Conv preferred (70c) * * United Stores A 3,566 39",800 2,000 1,720 42,300 Va Caro Chemical 29,420 6% preferred 100 1,690 Virginia Elec & Power 6% pref* 900 Virginia Iron, Coal & Coke 100 470 5% preferred 100 300 Virginia Ry Co preferred 100 700 Vulcan Detinning 100 30 7% preferred 100 220 80 40 200 80 1,600 2,400 90 300 3,000 2,600 17,000 22,600 4,000 189,700 40,900 6,800 6,200 16,500 5,900 900 13,800 9,100 700 800 • 1,100 1,500 46,900 620 15,500 1,400 "2",100 1,600 5,000 500 40 1,000 1,100 900 660 810 950 630 19,800 1,700 300 4,000 3,400 16,800 15,900 42,510 125,800 146,400 262,810 1,620 17,700 40 20 8,400 600 18,400 2,600 2,700 4,600 5,700 11,200 4,100 11,700 2,000 "2",§00 87,800 8,200 70 260 300 200 420 2,900 2,200 121,200 240 4,800 91,900 400 9,500 15,500 4,000 . ^ 100 5 * * name 51 834 7134 72 157 Sale 683^ 19 40 75 77 18 21 Sale Sale 18 28 113 18 29 2834 11034 114 Sale Sale Sale 39 10 124 Sale 115 393* 119 Sale 2134 "24~" Sale 2134 3 3 234 23* 234 2234 Sale 1934 1934 Sale 113 3* Sale 113 3* 1133* 115 2 2 234 134 134 7 5 834 7 634 117 115 1163* 1193* 116 743* 6934 7334 663* 653* 119 11834 1 2 134 173* Sale 87 8434 534 Sale 3934 Sale 1934 193* 10 8 s* 134 Sale 26 323* 434 Sale 4734 Sale 234 Sale 93* 1134 14 53* Sale Sale Sale Sale Sale 38 Sale 4134 Sale 14 934 134 Sale 1834 Sale 17 Sale 87 53* Sale 5 413* Sale 2034 1934 9 1134 2 134 Sale 32 3* Sale A* 51 49 Sale 3 11 1334 53* 263* 273* 24 Sale 17 Sale 18 Sale 32 % Sale 22 23 27 Sale 33* Sale 1 % 2 1934 20 59 60 89 903* 2034 62 34 9434 Sale 94 102 Sale 105 91 122 % Sale West Penn Power pref 7%-100 Sale 122 Sale 121 100 115% Sale 1153* Sale 11534 29 34 23* 534 100 —100 7% preferred 6% preferred 6% preferred Western Auto Supply Co—10 Western Maryland 100 2d preferred 8034 90 10 20% Sale 3% Sale 100 Sale 25 234 7% Sale 5 96 Western Pacific 100 6% Sale 6% preferred 100 1% Sale Western Union Telegraph.. 100 24 % Sale 18 Sale 21 31 Sale Sale Sale 19 Sale 22 8834" Sale Westinghouse Air Brake * Westinghouse Elec & Mfg..50 7% 1st preferred 50 Weston Electric Instrument..* * Class A 100 Preferred S5 conv prior preferred * (SS)_20 White Dental Mfg Co White Motor Co a r 1934 3734 2034 3134 Sale 38 Sale Sale 9634 129 125 1283* 13 34 1234 143* 38 3* 38 37 1934 1834 1934 30 303* 2934 60 50 g May 3 4 1 534 42 34 5 20 3 1 11 22 1 2 234 3 10 May 11 46 134 634 185* 9034 2 33 34 534 53 3 34 May 3 May 10 May 15 May 9 May 31 May 31 May 29 May 9 May i9 May 26 May 4 May 3 May 10 May 4 May May 24 75 110 76 110 29 203* Sale 79 92 61 95 65 42 48 4634 10 1034 11 1834 Sale 5934 Sale 1034 12 13 Sale 83* Sale 634 1% 19% Sale Sale Sale ta Sale 163* Sale 23* Sale 3 Sale 23* Sale 4% 434 434 Sale 4534 Sale 107 243* "25"" 5034 Sale 2234 Sale 68 5934 "75" 34 2134 54 30 Sale 90 77% Sale 75 32 Sale 23 120 2034 Sale 10434 108 1934 Sale 543* Sale 82 133* 102 3* 12 3* 3234 Sale 3034 Sale 2034 Sale 334 Sale 73 < 1834 15 234 Feb. 20 23 16 Apr. 10 303* Apr. 10 3534 11034 Apr. 26 115 4234 3434 Apr. 11 Mar. 24 Jan. 5 Mar. 6 May 25 Mar. 13 47 34 Sale 133* May May May May May May May May May May 25 24 27 20 29 10 6 31 May May May May 15 May 3834 May 193* May 31 May 31 29 105 9634 122 34 11634 30 334 534 2134 22 34 97 34 132 34 12 2 31 26 25 16 15 24 May 9 1734 May 17 47 Sale 2 3* 13* 3 3* 13* 3 34 334 3634 May 20 May 3 3 May May 16 1 May 1 May May May May May May May 43 34 May 1234 Mdy 50 May 44 "48"" 43 44 May 26 25 25 May 273* 34 34 40 32 May 95 102 34 Sale 95 May 79 8134 Sale 7834 May 25 23 34 Sale 22 34 May Sale 15 34 Sale 13 3* May 107 3* 10934 103 108 May Sale 12 34 13 1134 May Sale 37 34. Sale 3154 May 80 76 74 7334 May Sale 18 x21% Sale May Sale 17 34 Sale 143* May Sale 23* Sale 234 May x Ex-dividend, y Ex-rights. Change of name from Peerless Corp. 16 1 16 19 18 16 47 34 May 3 11 May 31 9 34 May 25 534 May 25 154 May 25 23 May 27 3% May 15 234 May 3 4 May 3 3 34 39 May May 6 4 18 3* May 31 47i* May 15 3* May 50 May 47 May 25 34 May 355* May 106 May 8134 May 24 34 May 1634 May 107 34 May 13 May 3834 May 78 May :c21 34 May 17 34 May 234 May 31 31 17 17 3 25 25 27 31 26 25 31 31 29 31 31 2 11 77 Mar. 16 131 Mar. 15 13* Jan. 334 Jan. 14 IVi 1 Jan. 1734 Apr. 5834 Apr. 85 Apr. 95 Apr. 88 Apr. :rl203* Jan. 11434 Jan. 2034 Apr. 2 34 Apr. 3 34 Apr. 3* Apr. 3* Apr. 1634 Apr. 1834 Apr. 8234 Apr. 126 May 1034 Apr. 37 MTar. 3 4 75* 183* 9034 93* 503* 203* 1434 234 Feb. 16 3 Jan. May 31 Jan. 5 Jan. 44 Mar. „ Jan. Mar. Jan. 634 Jan. 56 _ Mar. 21 §34 Mar. 13 143* Apr. Apr. 3 Jan. 2 3 6 Jan. 3 13 3* May 24 634 Apr. 27 313* Mar. 14 2494 Jan. 5 8 11 11 323* Jan. 4 33* Jan. 3 2 ( Mar. 4 J an. 3 79 Jan. 4 97 Mar. 10 2834 107 983* 1243* 1163* 3134 I* Mar. Apr. 9 Jan. 4 Jan. 4 4 2434 Jan. 313* Jan. Jan. Mar. 2054 Jan. 3834 May 99 \A 1 Mar. 3* Jan. 154 Jan. 120 145 9 Mar. 14 Mar. 10 3 4 4 5 8 7 16 2:3234 Jan. 4 13 60 Jan. 12 Apr. 1554 Apr. 75 Feb. 20 4 Jan. 80 45 34 Apr. 60 153* Apr. Apr. 2:29 Mar. 74 80 3% Sale May 9 2134 May 31 75 9 Jan. Apr. 8 Apr. 11 134 Apr. 94 Jan. 3 19 3* Apr. 8 8 Feb. 1 4 120 10 10 28 11 11 22 10 36 18 234 Mar. Apr. Apr. 193* Apr. 834 Apr. 13* Apr. 31 May 4 Apr. 234 May 24 May 9 5 2134 May 6334 May 10 75 223* Sale 134 Jan. 4 Feb. 117 134 Apr. 14 13* May 31 534 Apr. 11 Apr. 10 50 Sale Sale 534 Feb. 18 434 Jan. 3134 Jan. Mar. 1 _ 163* May 17 23 May 2 1034 83s 454 134 163* 934 2534 Feb. 183* Apr. 234 Apr. 17 Apr. 113 Apr. 134 Apr. 53* Apr. 116 May 6434 Apr. 2834 May 11 1934 May 4 27 May 31 95 1% Sale 334 Sale 33* 33* Sale 38 37 34 Sale 100 11034 "17 34 1834 Sale 16 433* Sale 463* Sale 153* Sale 1234 Sale 50 40 47 34 134 334 3 34 3634 Sale 50 434 17* 25 5 25 60 Cash sales, from United American Bosch, 3 16 31 17 17 173* May Sale 19 May Sale 86 May 130 126 May 13 34 May 153* 38 383* May 20 19 May 3134 2954 May 25 73% Jan. 24 433* May 18 70 9834 May 19 1203* Mar. 11 33 Apr. 10 363* May 25 Apr. 13 4334 Feb. 16 46 2 354 Jan. 20 Apr. 10 834 Mar. 3 634 May 2 234 Mar. 8 134 Apr. 10 46 Apr. 6 5634 Mar. 15 9 123* Jan. 21 May 11 69 Apr. 10 833* Jan. 3 157 Jan. 3 162 Feb. 28 Feb. 25 453* Apr. 10 78 Jan. 16 3* Jan. 3 125 May May May May May May May May May May May May May May May Sale 75 90 Sale * * * Mach preferred Deferred delivery, 140 1M 34 1 White Rock Min Spgs Co White Sewing Convertible 119 4II 434 11534 May 13 2 34 May 22 7 May 8 116 May 2 7434 May 26 234 May 1 May 21 2034 May 64 60 May 95 89 May Sale 101 May Sale 933* May Sale 121 May Sale 11434 May' Sale 25 May 234 234 May Sale 5 May Sale 3* May Sale 34 May 1 78 Electric Co A 31 22 54 May 31 234 134 234 103 88 preferred Penn 3934 193* 9 34 134 243* May 25 3 34 May 10 May May May May May May May May 14 25 * conv 55* 24 Sale 134 13* Sale 234 134 1 Sale 23* Sale 6 Sale Sale 1 134 13* Sale 134 * [ West 39 18 5034 May 31 May 19 11034 May 3 May 2 363* May 25 May 27 45 May 8 May 234 May 10 May 4 634 May May 234 May 31 52 May 29 May May 934 May 25 77 May May 25 May 23 16034 May 10 May 29 May 2 74 May 54 May 9 20 May 31 May 21 54 May 31 May May 3234 May 31 115 May 25 May 40 May May 10 80 80 63* Sale 183* Sale 28 57 "2054" 30 * 713* 16034 3234 11934 1 48 Sale 5 Wells Fargo & Co Wesson Oil & Snowdrift 4434 234 634 Sale Sale Webster Eisenlohr.. ir 29 Sale Sale * -.1 43 3* May Sale 2 3% 10834 Sale 3634 Sale 43 3* 4434 23* 234 634 63* 23* Sale 483* 5334 1034 934 17 Sale 1 Highest Sale Prices Sale 115 85 Lowest Sale Prices Sale Sale 69 Highest Sale Prices "57" -28 3* Sale 7 119 Lowest 5534 34 80 ~25% 934 Ask Sale 160 Sale 283* Sale 33 3* 3434 112 11434 10 -.5 47,600 Wilcox Oil & Gas.. 265,700 Willys-Overland Motors 1 76,200 6% conv preferred 10 * 82,300 Wilson & Co 5 cum preferrred 13,000 100 160 Wisconsin Elec Pow 6% pf-100 10 38,600 Woodward Iron Co 359,400 Wool worth (F W) 10 65,100 Worthington P & M 100 350 7 % preferred A 100 290 6 % preferred B 100 Prior pref 434% series 4,500 100 Prior pref 4 34 % conv ser 100 4,600 3,223 Wright Aeronautical Corp * 13,900 Wrigley (Wm) Jr * 17,900 Yale & Towne Mfg Co 25 809,300 Yellow Truck & Coach Cl B..1 3,070 7% preferred 100 40,500 Young Spring & Wire. * 610,300 Youngstown Sheet & Tube * 2,000 5 34 % preferred 100 71,700 Youngstown Steel Door * 119,300 Zenith Radio Corp * 40,000 Zonite Products Corp 1 * No par value, Change of * 14,600 Westvaco Chlorine Prod * 8,300 5% preferred 30 140 Wheeling & Lake Erie Ry__100 40 534% conv preferred 100 73,200 Wheeling Steel Corp * 2,900 2,700 121,400 16,600 12,500 17,200 44 14 503* 20% 143* 2% 35 6_ 393* 3% * 7% preferred 100 ""*266 54 & W Ltd * * 63* 134 Sale 8 34 Co class A 4534 Sale 83 * Co Preferred 570 2,400 1,200 Sale 2 * Walgreen Co. * 4 34 % preferred with warr 100 Walker (H) Gooder 63* 134 34 12 100 20,300 Waukesha Motor Co 26,600 Wayne Pump Co 9,800 3,240 39,400 6,300 3,260 4,110 5,060 2,910 3,670 104,800 18,900 3,200 13,600 20,100 1 Sale Prices May 31 Ask Bid Sale 4934 Sale 333* 44% 234 13* Sale 334 Sale Waldorf System Ward Baking Class B 4* 45% 108 Sale 100 Preferred B Walworth 75* 100 463,900 Warner Bros Pictures 5,410 S3.85 conv preferred 100,500 t Warren Bros Convertible preferred 4,500 20 SI 1st preferred 21,400 Warren Foundry & Pipe 330 600 ♦ 5 * Victor Chemical Works 13,400 J: Wabash Preferred A 14,700 Bid Sale 118 * 141,300 Vanadium Corp of America._* 5 16,800 Van Raalte Co 710 7% 1st preferred 100 5 11,500 Vick Chemical Co Vicks Shreve & Pac Ry Co. 100 110 Ask * 1 $6 conv preferred * Universal-Cyclops Steel 1 Universal Leaf Tobacco— 660 Preferred 100 2,760 Universal Picture 1st pref__100 18,300 Vadsco Sales Corp * 170 Preferred 100 300 Bid 100 36,700 U S Tobacco 480 RANGE SINCE JAN. 1939 1,926,400 United States Steel 7 % preferred 68,900 2,500 4,700 6,200 IN MAY Jan. 3 N. V. STOCK EXCHANGE Shares 255,400 22,200 8,200 PRICES Price STOCKS Since Jan. 1 934 Apr. 7 Apr. 334 Apr. 134 May 14 Apr. 234 Apr. 154 Apr. 3 Apr. 334 Apr. 3534 Apr. 10534 Apr. 15 Apr. 413* Apr. 1034 Apr. 50 May 43 May 24 Apr. 3134 Apr. 85 Apr. Jan. 313* Jan. Jan. 27 Jan. 4 123* Mar. 10 133* Jan. 4 Jan. 4 13* Jan. 3 7 Mar. 9 33* Mar. 334 Feb. 63* Feb. 8 23 5 Jan. 4934 10834 2554 5034 Jan. Jan. Jan. Jan. Jan. 9 8 5 5 12 4 5 4 8* Mar. 10 65 Jan. 38 Jan. 53 Jan. 18 4 5 120 Jan. 3 Mar. 8134' May 27 2234 May 1154 Apr. 98 Apr. 93* Apr. 30 Apr. 74 May 17 Apr. 12 Apr. 234 Apr. 33 '* Mar. 13 5 213* Jan. 75 J Companies reported in receivership, 11434 Feb. 17 5 213* Jan. 55% J an. 85 Jan. 313* Jan. 2234 Jan. 354 Jan. T Called for redemption • New York Curb Exchange MONTHLY AND YEARLY RECORD OF RANGE _ May 31_._ _ _ _ _ 1938 1939 $33,214,000 140,043,000 $34,683,000 May 2,802,525 17,229,426 2,129,537 17,287,426 Shares_ EXCHANGE Bond Sales 1938 1939 Stock Sales May. Jan. 1 to PRICES ON NEW YORK CURB Jan. 1 to 199,516,000 May 31 sales, are disregarded In the month's range, unless they are the only transactions of the shown in a footnote in the month in which they occur. No account is taken of such NOTICE—Deferred delivery, under the rule and cash and when selling outside of the regular monthly range are month, sales in computing the range for the year. AOGREOATE PRICES RANGE SINCE JAN. IN MAY 1 SALES NEW Price YORK Jan. 3 CURB EXCHANGE In Since May Jan. 1 Shares 425 ~2~, 200 " 3 ,200 1,100 900 STOCKS Shares 425 Acme Wire Co Con vertible 700 """275 """150 500 19,100 800 20 800 preferred 600 Amer Capital Corp Common class B 4,800 1,300 450 Sale 13 1434 34 6034 34 6334 Sale 8 154 1534 1834 34 5 1934 Sale 11034 Sale 1434 15 234 134 . 6 16 15 1534 110 92 34 Sale 11234 11134 112 14 15 34 1634 Sale 111 112 2,600 1,600 11,700 20,675 40 110 111 23,100 2,200 2,000 18,900 2,425 5,700 400 61 Sale 4 10c 22* 25 Centrifugal Corp__l Lt Corp— 25 Class A with warrants 25 2134 134 34 Sale 134 2734 134 52 46 234 554 154 % 16 51 7 7 2 54 2034 154 34 1634 5,800 Amer & Foreign Power warr. 5,700 Amer Fork & Hoe Co com...* 247,000 American Gas & Elec com.. $6 preferred * 7,550 10c 18,400 American General Corp $2 preferred < 1 3,900 6434 29 34 3134 30 27 28 Sale Sale 3034 154 Sale 23 34 Sale 73 Sale I 100 275 134 134 2,700 " 6,200 1,200 400 500 800 160 4,500 10,000 56,200 4,400 140 1,100 5,200 100 700 4,300 1,700 400 Preferred 77,800 American Maracaibo 8,800 American Meter Co Amer Pneumatic Service "2,606 Amer Potash & Chem 100 1 * Corp..* 48,600 Amer Republics Corp com..10 2 15,300 Amer Seal-Kap Corp com * 142,400 American Superpower 5,400 53,700 1st preferred $6 series :* * preferred—5 Preferred $6 series 8,100 American Thread 5,800 Anchor Post Fence common. _* 1 5,600 Angostura Wupperman 8,800 Apex Elec Mfg Co common—* 1,690 21,400 56,400 218,700 34,900 Appalachian Elec Power— $7 preferred * tArcturus Radio Tube 1 Arkansas Nat Gas common..* Class A -* Preferred -10 460 Arkansas P & L $7 preferred.* 5 6,000 Art Metal Works common 42,600 Ashland Oil & Refining Co_.l Vot trust ctfs common 580 200 2,500 2,300 19,000 2,100 Sale 2834 1834 17 Sale 26 27 15 16 50 85 Sale 28* 86* 9 2934 34 61 Sale 5 534 21 34 854 334 134 2J4 1234 70 Sale Sale Sale Sale Sale Sale 109 Sale 234 Sale 234 Sale 534 6 Sale 33 11234 114 3 34 Sale 24 34 2534 2754 2654 7 834 54 Sale Sale Sale 4 25 434 2554 2834 30 7 8 1634 1534 2734 55 55 65 34 Sale 25 2734 34 34 62 Sale 634 534 634 Sale % Sale 73 71 14 1534 334 Sale 134 134 234 234 1034 Sale ... %> .. 34 Sale 334 734 Sale Sale 1634 Sale 29 10 11 Sale 29 1 111 2834 134 50 7 2 11134 34 Sale 3 Sale %> 334 234 734 734 Sale 434 834 34 34 734 934 34 34 Sale 9 25 Assoc Tel & Tel class A Atlanta Birmingham & Coast Sale Sale 1,290 3,900 28,000 22,100 86,700 22,700 For footnotes Atlantic Coast Line Co Atlantic Rayon Corp Atlas Corp warrants 50 1 * —1 Automatic Products Corp—.5 Atlas Plywood Corp Austin Silver Mines see page 53. 70 65 9 8 65 75 Sale "334 4 h 9^ Sale Sale ""3 434 Sale % Sale 234 Sale 9434 Mar. 11 8634 Mar. 3 12 9* 29 19 Mar. 4 19 Mar. 31 Jan. Jan. 141 4 7 60 Jan. Jan. 6 23* Feb. 4 75 Mar. Jan. 12 16 9 3 9 10 2 29 31 11 26 3 29 5 27 Jan. May May May 34 May 834 May 32 11234 334 2434 2734 734 May May May May May May 17 May 3 May 1 May 10 May 2 May 18 1534 May 25 2734 May 10 10 May 11 % May 1 2634 May 16 % May 12 2934 May 23 1534 1434 2734 934 634 534 34 7034 15 May May May May May May 1 2 1 2 23 2 17 334 May 134 May 15 2?4 May 2 1034 May 1 65 734 634 54 7334 17 34 3 34 134 2 34 1134 May May May May May May May May May May 25 3 29 3 4 10 2 16 10 17 11134 May 31 34 May 6 334 May 1 334 May 1 734 May 2 95 May 27 534 May 10 434 May 3 110 May 34 May May 3 May 7 May 90 May 534 May 434 May 3 24 2§* 19 Mar. 10 4 7 3 Feb. 2834 Mar. 10 3134 Mar. 3 1054 Jan. 18 3154 Mar. 16 2634 Jan. 1534 Apr. 13 Apr. 2534 Apr. 934 Apr. 5734 Apr. 54 Jan. 2034 Apr. 2 18 Mar. 18 Jan. 9 29 Jan. Jan. 17 7 Jan. 6 15 66 134 Mar.! 2 2934 May 23 7 Feb. 534 Apr. 101 434 Jan. 25 34 Apr. 13 55 Jan. Jan. 40 34 Mar. 10 Jan. 3 116 434 Jan. 19 Jan. Apr. 334 Jan. 134 Jan. 234 Apr. 10 Apr. Mar. 13 Mar. 10 Feb. 11 634 Mar. 67 13 6 7 18 Jan. Jan. 27 234 Jan. 35 34 2534 Apr. 134 Apr. 22 Apr. 1834 Apr. 34 May834 Apr. 31 Apr. 11234 Apr. 3 34 May 6 5 234 Mar. 17 Jan. 9 Feb. May 3034 May 134 May 23 34 May 24 May 34 May 934 May 3534 May 115 May 434 May 25 May 2934 May 8 May 4 May 3 2834 May 31 334 Jan. 17 1 31 8 3 111 1634 Apr. 10 134 Mar. 31 46 Apr. 11 534 Apr. 10 Apr. 12 1634 May 27 434 May 23 Mar. 11 108 1 Jan. 3 11534 Mar. 104 9 24 23 8 131 3 2 Jan. 734 Jan. 1834 Jan. 23 Mar. 90 11034 Jan. 14 Apr. Mar. 17 134 Jan. 24 34 Jan. Apr. 834 May 15 34 May 5 34 May 3 7 May 17 hi May 18 9934 3 34 Sale 334 34 13 15 34 Sale 234 234 1434 34 234 834 May 15 34 May 27 34 May 5 8 May 5 Gj May 18 234 May 23 12 11 7 16 13 10 Apr. 15 Jan. 3 634 May 29 1 Feb. 6 7734 Mar. 6 27 Feb. 6 354 Apr. 20 134 Jan. 3 334 Feb. 8 14 Jan. 20 70 9 Mar. 21 10834 Jan. 19 112 3 34 Feb. 17 34 Jan. 334 May 1 134 Apr. 11 1 354 Apr. 22 2 Apr. 7 H Apr. 22 534 Jan. 10 95 May 27 6 7834 Apr. 5 754 Mar. 1 Apr. 22 534 Feb. 17 434 Apr. 10 Mar. 16 Sale Sale Sale Jan. 27 10 34 Jan. 34 Jan. 534 Jan. 14 Jan. 25 19 % Jan. 3 134 Jan. 3 11 Mar. 10 34» Jan. 3 34 Jan. 3 8 3 May 1 1734 May 3 334 May 2 54 May 16 13 May 17 34 May 1 254 May 2 434 1934 334 34 1534 34 3 May 27 May 10 May 2 May 25 May 9 May 1 May 9 13 14 234 May 23 234 May 23 17 23 11 8 4 11 31 1 28 Apr. 17 Feb. 3 34 May 27 3134 Jan. 4 434 Jan. 10 1 Jan. 18 68 70 34 Sale 24 12 May 26 134 May 11 May > 1 234 May 23 63 9 Jan. 71 23 34 Jan. 834 May 734 Jan. 17 May 3 3 Jan. 34 Jan. 0 Sale * * RR Co preferred 100 10 60 Atlanta Gas Light 6% pref.100 * 31,300 Atlantic Coast Fisheries 234 Jan. 9 71 3 18 23 Jan. J an. 11 18 34 21 62 67 734 Sale 634 Sale 34 Sale 7034 72 1634 Sale 3 34 3 34 134 134 234 3 1134 12 534 434 834 934 % Sale 134 Sale 8 34 Sale 3Sale 34 Sale 1634 434 13734 34 65 534 Sale 5 114 65 34 2834 34 94 634 Sale 434 Sale 11334 2934 May 2834 May Sale 54 954 3454 11334 1534 16 1434 Sale 2634 28 934 1034 Sale 67 19 54 9 May May Associated Elec Industries- American deposit rects—£1 3,700 8,900 Assoc Gas & Elec common— 1 Class A 1 100,100 $5 preferred * 41,200 Warrants 49,500 * 800 Assoc Laundries of Amer 25 11,900 Sale 116 17 20 12,200 700 2834 134 Sale 1034 Sale 3234 Sale Sale 25 25 100 134 32 23 Sale 10 1 49,300 Amer Light & Trac com 6% preferred 2,200 2,750 Amer Mfg Co common 9",700 6,100 1,700 Sale * 650 Amer Invest of 111 com 8,300 Amer Laund Mach com.—20 " """350 Sale 2,150 Amer Hard Rubber Co com.50 100 1,600 2,500 2934 17 90 May 19 May 25 May 25 May 27 May 23 May 25 May 3 May 31 May May 24 May 31 May May 26 Jan. 6234 Jan. 134 Jan. Jan. 6 3434 Mar. 26 5 834 Jan. 534 Apr. 14 1 634 Apr. 134 Apr. 10 2 1434 May erV* Apr. 8 60 Apr. 13 67 27 27 Sale $2.50 preforred 834 May 29 17 73 64 34 1 434 2434 2634 650 8534 May 80 May 2 May 1 May 7134 May 26 9034 May 31 83 May 9 2 May 8 1 May 22 5 20 19 8 22 20 74 6734 134 Sale 2 B 280 Amer Cyanamid com class A.10 Common class B non-vot--10 135,900 225 3 734 May 12 134 May 11 1534 May 4 May 23 May 2 16 May 13 2034 Mar. 21 May 8 18 34 Feb. 10 8 334 Apr. Jan. 27 25 xl5 3 May 6 May 2 May 23 11034 May 15 May 1734 334 May 111 Sale May Sale 11034 May Sale 2134 May 134 A* May 50 54 May Sale 634 May 2 May 3 34 May % 111 1 Conv class A Class 534 734 134 1434 Sale 130 Sale 2034 Sale 134 134 * 1834 Sale _ 13934 Sale 58 May 8 Amer Cities Power & 8,775 4 63 34 May 72 Sale 134 7 4 108 May 13 16 May 34 34 7034 9054 3 234 154 9 128 65,800 American 925 8 334 May 13 22 Sale 534 734 134 14 34 534 Sale 154 54 6354 10c cl A Highest Sale Prices 834 May 29 100 $3 preferred $5.50 prior preferred 534 734 134 23 7 25 10,800 Amer Box Board Co com 100 Sale 134 154 * com—10 15,200 Amer Beverage Corp 400 American Book Co 4 4 34 6154 _* 47,350 Aluminum Co common 10.300 6% preferred -.100 * 6,700 Aluminum Goods Mfg * 1,300 Aluminum Industries com * 44,350 Aluminium Ltd 2,350 6% preferred ...100 10 72,400 American Airlines Inc 300 4,800 conv 100 Allied Products Corp Class A 500 50 650 S3 600 20 20 900 Alles & Fisher Inc common...* 1,750 Alliance Investment common 500 Allied International Investing 100 100 10,400 11 Warrants Lowest Sale Prices 1834 xl5 1634 22 334 Highest Sale Prices 3254 Sale 254 14 20 8 825 Ala Gt Sou RR ordinary..-.50 460 700 30 34 * preferred Ask 1334 Sale Lowest Sale Prices May 31 1 Aks Bid fiQ id 24 22 6 5,625 Ala Power Co $7 preferred-_ $6 preferred 3,490 1,050 11,750 2,500 Par com..—10 class A new_l 1 4,200 Agfa Ansco Corp com 20,200 Ainswortb Mfg Corp com—5 9,800 Air Associates Inc common— 1 12,100 f Air Investors Inc common—* 2,800 Ask new 400 Aero Supply Mfg Class B new 34.400 200 May 1939 Bid Apr. 9634 Jan. 234 Apr. 17 Apr. 334 Feb. 54 Apr. 13 Mar. 34 Apr. 154 Jan. 68 98 4 Jan. 12 9 Apr. 29 2534 Jan. 3 43 NEW YORK CURB EXCHANGE AGGREGATE SALES PRICES NEW YORK In Since May Jan. 1 Shares Shares 900 (Continued) Par Auto Voting Machine com—* Avery (B F) Sons Co 5 6% preferred with warr 25 6% preferred ex-warr 25 7,600 3,900 150 275 25 200 9,800 2,000 50 Purchase warrants 1,400 183,100 Aviation & Transport Corp__l 10 5,390 Axton Fisher Tob class A 49,200 Babcock & Wilcox Co 3,300 Baldwin 1,400 7,900 11,300 125,200 10,000 8,200 58,100 3,250 9,700 49,700 """IlO 370 1,950 8,900 1,600 1,900 5,300 750 Jan. 3 1939 STOCKS 100 * warr Baldwin for 30 common Rubber Bard stow n Co com_-.-l Distillery Inc 1 Barium Stainless Steel Barlow & 1 210 common. 7,200 6,500 ...... « «. 6,900 70 75 350 525 900 Corp (L) & Co com 7% 1st preferred 1 1.50 preferred 20 25 7~,906 74", 600 500 - 170 350 200 22 450 1,900 3,600 26,400 26,700 - • - 17% 8% 7% % IX Sale 17 Sale 7% 1 Sale "~6% "0% 5 com * 100 * * 1 Preferred 100 300 Bright Star Electric class B 6,200 Brill Corp class A 200 4,700 3,450 * Class B 940 * Class A * 7% preferred 3,300 Brillo Mfg Co common.. 700 10 100 7Va 36% 10 120 14% Sale Sale Sale 122 17% 1* 12 % 14 % * Amer dep rets ord reg Celanese Ltd— £1 British Am dep rets ord reg 900 350 British Col Pow class A 300 5 " 19 IX 39% 7Va 8X 2% Sale 1,300 800 310 70 14,100 200 1,000 22 10 3 Va 23% Sale 4 IVa 20 3 % Sale Sale Co 8Va Sale Sale * ._* 1 A stock..* 1 300 Castle (A M) & Co Catalin Corp or America % Ho 7Va 1 800 7,800 Cent Ohio Steel Prod 175 1,700 Cent Pow & Light 7% pref.100 Central & Southwest Utilities—• 100 3,000 7,800 Common 24,400 38,300 Central States Elec 7% preferred 4,525 6% preferred 9,623 Conv preferred. 950 1 50c ; common. .1 100 100 100 Conv pref opt ser 1929.. 100 1,325 * 21,300 Centrifugal Pipe Corp.. Chamberlin 4,000 200 25 900 ^ Metal common 550'Oherry-Burrell Corp 3Va 1% 18% Sale 20X 5 9X OX 8% 28 10% 6% Sale 33 4 Sale 65 70 % 2% see page 53. 29% Jan. 5 12 31 3 24 15% Apr. 29 4 Apr. 10 5 Apr. 8 % Mar. 18 22* Mar. 3 25 29 29 26 7% Jan. 25 May 24 4% Mar. 31 Ap\ 5% 6% % 9% 5% 7% May May May May May May May May 15 5 10 10% 37% 5% 36 May 11 40 May 11 3% May 26 15% 6% 14% 37% 5% 8% May 26% May 18 7% May 9 174% May 121% May 34 11 May 41 5 May 11 % May 24 9 11 2 9 25 % May 24 3 15% May 37% May 11 5% May 25 Sale 9% May 22 14 May 24 Sale % May 37 40 6% May 5% May 2 2 3 11% May 15% May 1 38 6 9 3 May 3 May 19 May 27 13 18 24 15 3% 4% 1% 1% May 11 10% May 1 3% May 23 1 % May 20 16 "3% Sale" 10% 4% 9% 33 4% 70 10% Sale Sale May 17 3% May 31 10% May 2 3% May 6 7 May 18 19% May 18 14% May 17 3% May 23 2 May 3, 20% May 2 5 May 31 11 May 10 7 May 4| 9% May 26 35 3% May May 4% May 31 68 75 70 May 29 Jan. 6% Mar. 8% Jan. May 8 Apr. 14 3 % May 26 50 Jan. 35 30 Feb. 10 164 40 Feb. 5 Jan. 13 Jan. 11% 36% 2% 10% 1% Feb. 5% Apr. 4 Feb. 4 Jan. 31 1% Jan. 6 10% Mar. 4 IB Jan. 2 3 3 3 23 23 13 Feb. 28 Jan. Feb. Jan. 3 18 16 Jan. 175 Mar. 10 118% Apr. 123 Mar. 10 Mar. 11 Mar. 11 16 Jan. 27 35 Jan. 13 Jan. 42K 17* 34 Mar. 39 % Apr. X Mar. 5% Apr. 8 8 Jan. 5 Jan. 3 Mar. 21 Feb. 24 Jan. 5 Apr. 10 13% Apr. 11 17% Jan. 20% Jan. % Apr. Apr. 4% Apr. 2% Jan. 17% Apr. 1% Jan. 20 39% Mar. 2 34 8 10 9 Jan. Feb. Jan. 5 17 6 14% May 17 4% Mar. 20 1 % Apr. 12% Apr. 3% Apr. 3 7% Jan. 3% May May 18 LjgApr. 24 7 Jan. Jan. 4 24 . 3% Jan. 32 Sale 14 2 5% Jan. 25 10 24 15 4 Jan. 3 20% Apr. 2 21 % Mar. 28 8 Feb. 1% Jan. 4 1 4 Jan. 15 17 3% Apr. 8 May 23 %« Apr. 12 2 Apr. 1 Apr. 21% Apr. 9% Jan. 29% Apr. 68 Jan. 17 24% 5X 12% 11% 12% % Jan. 4 Jan. 18 Mar. 10 Feb. 23 Jan. 3 Apr. 8 32 Jan. 17 7% Jan. 3 77 Mar. 15 % 334 IX Sale Sale Sale 2l14 11% 29% 11% 20% 20% 2134 2134 22% 22% 23% 23% 21% May 18 22% May 11 20% Apr. 12 20% Apr. 26 22% Mar. 1 22% Jan. 20 21% 2134 22% 22% 23% 23% 24 24% 22% May 22% May 21 Jan. 30 24 % 23% 7% 4% Feb. Feb. Mar. Apr. Apr. 16 10 31 27 Mar. 11 20 Jan. 5 10 10 7% Jan. 23% Jan. 3 5 1 24% 1034 IX % 14 3 2% 1% 1 Sale Sale 2Va Sale Sale 1% 24% 10% 32% 5% 14% Sale 5% Sale 3 % 1% 28% 11% 32% May May May May May 5 1 May 16 May 25 May 29 5% May 3 13 15% 27% 20 X 106 % 16 J* Sale Sale Sale 1% 3 9% 31% 20% Sale 103 Sale 11 Sale %6 2 Sale % Xt IX 3% 11 Sale Sale Sale Sale 40 Sale 3 iVA 31% 21% 106% 11% 1% 1% Sale % 4% 17% 15 17 33 34 28 Sale 1% May May May 9 May 11% 31% May 32% 20 22% May 103 Sale May 11 Sale May 2 1% May 1% May 1% 1 4% 4% 16% Sale 4% May 24 16% May 31 21 19% May 22 4% May 17 1% May 11 Sale 5% 2% 2% 1 3% 3% IX 1% 1% 1 1% 1% Sale % Sale 1834 3 24 30 4% % 22 3% 27% %6 Sale 2. 2% 2% Sale 1% 1% 1 Sale 4% 28% % 25 21% 3% 4% 30% Sale 88 93 Sale %6 %6 97% Sale 82 Sale 82% Sale 88 20% Sale 634 11% Sale 6% 13% 10% 3% 10% 18% Sale 3% 4% 21 15 4% 23 X Sale 90% 3% Sale 4% May 1 May 17 May 4 % Sale 24% Sale 8934 34 % May 23 % May 25 1% % 3% 3Va 16 X 4 4 42 Sale 6 89% 20% 3% 28% % May 4 May 12 May 4 May 25 93 May 1 82% May 1 May 8 May 10 May 24 May 26 May 1 9 1% May 31 May 25 26 15 May 4 5% May 31 1334 90 8 91% 14 Sale 8% 93 May 29 May 29 May 6 May 19 May 22 May 25 106% May 27 9 12% May 8 1% May 2 May 1 4Y l!* g* 1 15 7 17% 3 Sale 7% 11% 18% Sale 14 88% 6% 90 14% Sale 7% 92% 134 % 934 4% 4% 4% 4% 1% Sale 10% Sale Sale 3% 1% Sale %e Sale 8% 8% 3% 3% 4 5 4 Sale Sale 2% 3% 3% 3% 3% 3% OX 534 Sale 6 34 3% 4% 6 7 4% 5% 1% J*- 1% d 9 17 May 31 28 May 1 5% May 31 1% May 13 1% May 1 5% May 16 1 May 22 May May May May May May 1 12 31 5 16 24 3% 30% % 99% 90 90% 3% 57% 21% 14% 4% 3% Sale 1 7 May 9 11% May 10 17 May 17 3% May 1 100 May 26 May 10 May 29 May 29 May 10 May 25 May 24 8% May 24 99% May 25 94 May 10 May 5 May 4 May 9 May 24 % May 3 May 23 3 May 4 1% %6 8% 3% 3% May 3% May 3% May 9 3% May 24 5% May 15 13% May 11 6% May 4 13% May 11 31 Mar. 13 11% Mar. 32% May Feb. 3 1 28 1X May 31 2% Feb. 17 May 29 42 Jan. 6 3 17 Jan. 4 34% Mar. 23 23% Mar. 9 Jan. 10 15% J an. 2% Jan. 2% Jan. % May 23 % Jan. 17 3% Feb. 16% Feb. % Jan. 12 4% Jan. 5 1% Mar. 16 26 107 Apr. % May 1% Apr. 3 7 1 May 25 1% Mar. 2 6 4% May 24 17% Jan. 6 19% May 22 4% May 17 1% Apr. 8 33% Mar. 3 5% May 31 2% Jan. 17 5 1 X Apr. 4 Apr. 25 % Feb. 3 1% Mar. Jan. 8 1% Mar. 1 4 8 20% May 3% Apr. 24% Jan. % Apr. 22 May 1 4% Jan. 12 30% May 31 Jan. 18 85 Feb. 78 Jan. 99% May 16 90 May 24 10 Apr. 5% Feb. 9 Apr. 17 May 2% Apr. 76 11 23 11 21% Jan. 7 May Jan. 4 17 1 23% Jan. 4% Jan. 5 3 Apr. 3% May 48 Feb. 18 Apr. 13% Jan. Apr. 85 Apr. 6% Apr. 90 85 Jan. 1 Apr. 8 % Apr. 8 7% Apr. 11 2% Apr. 8 4% Jan. 3 2% Apr. 22 3 % Ma}' 9 4 5% com. ...5 12 29 10 18 24 1 2 13% May 31 8 11 % May 25 4% May 24 11% May 1 6% May 2 10% May 4 17 May 17 2% May 23 May 3% May May 20 May 14 14% 14% May 100 May 93% Sale 88% May 7 8% 7% May 95 98% 100 May 1% Apr. May 2% Apr. 9 May 27% Jan. 19% Apr. 102 Apr. 40 May 25 85 6% 9% 54 Weather Strip Co... Charts Corp May 18 716 . For footnotes 48% May 10 20 6 Cent Hudson Gas & Elec com * 60 Cent Maine Pow 7 % pref_. 100 2,890 Cent N Y Pow 5% pref 100 475 23% 21 14 7% 1st partic preferred..100 3,710 15 3,000 Celluloid Corp common 1st preferred * 1,380 $7 dividend preferred ___* 1,075 30 1 9 24 22 7% May 16 May May May May May May May May May May 13 4% Jan. 10 8 16% Feb. 14 10 11 Sale 8% Jan. 6 19% May 24 1 26 * 730 300 21 % 18 1 41,500 175 18 3% May 26 22 17 11 Apr. 32% 11 25c 6,300 1,000 6% Apr. 2% Apr. 15 14% May 10 % May 17 2% Apr. 1 35% Mar. 31 17 25 10% %6 X 1 6 * 104,300 Carrier Corp common 2,900 Carter (J W) Co common Casco Products 150 Sale 1 „ 200 17 May 8 May 11 172% 122% 120% 32 33% 39% 5% Sale 3% Sale 8 50 Class B * 1,500 * 5,100 Carnation Co common 10,000 Carnegie Metals Co common. 1 1,750 Carolina Pow & Light $7 pref.* $6 preferred. 1__ * 520 450 15 10% 3X 50c com. conv 7% 716 24 2 Celanese Corp of America—- 2,500 3,400 2 18 3 non-voting r 38,600 Canadian Marconi Co 1,400 Capital City Products 39.600 Carib Syndicate com 50 4,500 31 15 16 10 2 8% Sale 23% Sale 30 37% 5% 2Ya 200 Carman & 6% X 36 1% B 200 X Sale Sale Sale Sale IVa 37 X 2% 4.000 Canadian Colonial Airways 4,800 Can Indus Alcohol class A 200 500 7As X 14% 2 _ 4,000 8% 25 X 32 9% Cables & Wireless— 7,900 26 15 700 """450 1 4 8% 119fc 121 119 Sullivan.__2.50 Am dep rects 5X % pref__£l 20 700 Calamba Sugar Estate Co Camden Fire Ins Assn ..5 1,450 Canadian Car & Fdy pref. .25 100 200 200 0% Sale * .1 Buckeye Pipe Line 50 Buff Niag & East Pow pref.25 $5 1st preferred * 1,300 Cable Elec Products Voting trust ctfs. 21,300 1,300 6",800 7Va 25% Corp Amer dep rets 12 %c 4,900 Burry Biscuit Corp 1,200 3 4 12 5X 1 common. 600 Burma 100 " 8 * 8,300 Brown Forman Distillery $6 preferred 50 Hill & 3X Sale 10s 6,900 +Brown Co 6% preferred.. 100 1 6,300 Brown Fence & Wire com Class A preferred * 1,100 Bunker Sale 6 7X 21% Brown Rubber Co Bruce (EL) Co 5 6% 35 23 700 Sale Sale 36 5% 15 21X 21% 8,100 1,700 3,700 Va 4X 5% 6% % % 9% f5% 6% 35 4 13 21 200 4% Sale 6 6% % Sale May 4% May 6 May % May % May 7% May 4 May 5% May 35 * British Amer Tobacco Ltd— Amer dep rct-s ord bear__£l 30,400 2,300 4,450 33,900 5,950 22,400 May May May May May May May 19 17 Sale 45 6,600 50 May 17 35 1,400 5,100 16 Sale 21 3,000 18% Sale 50 * 300 1 Sale 7% 3% 15% 14% % 2% 48% 4 * British-American Oil Co— Coupon stock (bearer) Registered 300 25 16 % 2% May 2 May 15 May 5 May 10 May 17 May 3 May 2 2 3,000 800 7 3% 15% 14% % 2% Sale 2,100 1,000 Sale 3% 16 Sale 35X Sale 75 X Sale Sale 32 11% 700 Highest Sale Prices 8X 31X 7% 71X X 4X IX 28% 750 Lowest Sale Prices 2 Sale — 13 1 17X 12% 90 15 13 Sale 1 20 7% 3X 15% 2Va 100 Bridgeport Gas Light Co_..._* _* 26,600 Bridgeport Machine com 4~,406 Highest Sale Prices 39 7X 163* Common 21,700 7% 1st preferred 5,850 2d preferred 18,000 44,200 Brazilian Tr Lt & Pr ord 102,300 Breeze Corp 148,600 Brewster Aeronautical Rights 101,000 " Ask 17 X JX X 2% Bowman Biltmore Hotels— 1,100 1 Sale Prices May 31 Ask Bid * 26,000 Blue Ridge Corp common 1 $3 optional conv preferred.* 8,900 1,000 Blumenthal (S) & Co com * 2,100 Bohack (H C) Co common * 780 7% 1st preferred 100 Borne Sorymser Co., 25 1,150 _.* 2,900 Bourjois Inc 2,300 28X 19 C Blauner's common. Bliss (E W) & Co common 2,625 Bliss & Laughlin Inc 450 2,700 IX Sale Bid 8% 5% 19% Sale * 6,010 Bickford's Inc common 325 $2.50 conv preferred * 5,100 Birdsboro Steel Fdy & Mach. 500 May 1 Ask 7% 4% 13% 13% 1% 3% Purchase warrants 13,600 " - conv 185,500 Beech Aircraft Corp com 1 99,100 Bell Aircraft Corp common 1 94,800 Rights. 84,100 Bellanca Aircraft common 650 Bell Telep Co of Canada 100 725 Bell Telep of Pa 6% % pref.100 2,550 Benson & Hedges common...* Convertible preferred 1,675 * 20,800 Berkey & Gay Furniture Co__l 450 » * 100 510 7 % 1st prof vot tr ctfs 100 1,800 Beaunit Mills Inc common. .10 500 0. _1 Bath Iron Works 800 Bid Seelig Mfg class A. .5 Basic Dolomite Inc 100 Baumann 200 RANGE SINCE JAN. Lowest Locomotive— 7% preferred Purch IN MAY Price EXCHANGE CURB Apr. 11 5% Jan. 23 Apr. 20 £12 15 91% 5% 61% 27% 14% 100 96 4 9 Mar. 10 Mar. 10 Mar. 13 Mar. 11 Jan. 20 May 25 Mar. 9 1 9% Feb. 99% May 25 1 % Jan. Xt Jan. 14 5 20 5 Mar. 11 Mar. 11 5% Feb. 4% Jan. 4% Jan. 9 19 3 7% Jan. 4 £6% Apr. 27 15 Jan. 24 SALES CURB In Since May Jan. 3 EXCHANGE Jan. 1 600 300 3,225 900 "200 5,600 300 1,000 100 1,300 50 X > 39X Sale 7X 50X Sale Sale 1,200 4X 62 55 61 63 36 300 37 X Sale 1K 2 2X Sale 5X 7X 700 — Co Ltd— Sale 18,100 6,600 100 1,200 3,750 2,100 _ 1,300 100 ■ 700 2,500 200 100 6,800 300 300 18,000 1,700 19,800 2,600 5,400 4,900 7,900 S4 3,450 410 100 2,900 150 3,100 - - "250 1,300 100 200 2,100 300 100 600 _ 2.400 20 2,200 Crystal Oil Ref Corp com 6 % p referred 600 2,600 Cuban Tobacco com v t c 11,200 Cuueo Press com 0X% preferred Lighting Inc com 450 Curtis Mfg Co (Mo) 690 6,800 Darby Petrol Corp.... 2,400 Davenport Hosiery 23,900 Dayton Rubber Mfg new Class A 2,100 37,550 Decca Records common 5,600 Dejay Stores Inc common 1,520 Dennison Mfg 7 % pref 7,500 Derby Oil & Ref com A conv preferred 5,600 Detroit Steel Products 120 De Vilbiss Co common 7,400 Dominion Steel & 30 Dominion 120 * 62,400 Eagle Picher Lead Co... 15,700 Eastern Gas & Fuel Assoc 6% preferred 4X% prior preferred 18,700 73 X 5X Sale 74 Sale 59 X 40X 47X 41 2X 3X 3 IX IX Sale 9X 8M Sale 5X 75 IX 6X 23 X Sale 7X Sale X Sale 3 3X 2X Sale 9X Sale 1 IX 5 5X IX 3X IX Sale 75 1,250 1,800 125 astern states $7 uorp com preferred series A — $6 preferred series For footnotes see page 53. 1454 May 2 454 Apr. 28 9 Jan. 4 9434 Jan. 5 Apr. Jan. 8 2954 Mar. 54 Jan. 20 4 1334 Apr. B 20 Feb. 24 1 3634 Mar. 11 54 Apr. 16 7454 May 13 454 Jan. 21 14 Jan. 23 ij2 Apr. 22 % May 3 Apr. 8 11 At May 25 X OX 8X X 5X 8 Sale 4 X 534 May 11 6 54 May 3 7934 May 31 May 31 54 May 15 2 11654 May 20 118 X Q Sale 92 90 92 88 5X Sale 6 Jan. 16 11 Jan. 30 Jan. 30 37 634 Feb. 24 454 Apr. 17 8X Jan. 4 454 Apr. 11 8054 Mar. 3 71 Jan. 14 11234 Mar. 22 11734 Feb. 14 May 31 11654 May 20 118 134 Feb. 6 34 Apr. 12 60 Jan. 4 38 34 May 23 %6 May 3 3834 May 23 May May 154 May 3 54 May 89 May 3 47 X May 3 May 90 3 8 1 1 12 May 3 8 134 May 12 434 May 29 91 May 4 X X May 6 3 1 92 IX Jan. 3 Apr. 154 Feb. 654 Jan. 11 92 34 Jan. 84 ox 9 834 May 20 5X 534 May 1 534 May 6 4 54 Apr . 1534 Jan. 354 May 1354 May 2 May 9 3 4 May 3 3 34 Apr. 11 26 10 1034 Apr. 10 5X 4X 3X 14 X 2% IX 134 Sale OX 7 19 X 5 Sale 5X "At X ? Sale a 2 934 X Sale 2X 2 - 85 X 80 85 76 Sale 10 Sale Sale 1 ox ox 20 X 5X X ox Sale Sale 5X X 2H 2 \X 9X Sale 1 1434 May 27 2 May 19 11 134 May 1 734 May 2 19 8034 May 11 34 May 24 7 May 2 80 34 May 654 May 31 554 May 20 1934 May 5 May 34 May 2 May 154 May 9 May 19 2134 May 27 554 May 10 54 May 15 2 May 3 2 May 1 Sale 10 954 May 25 134 34 May xlOX May X "At May 27 10 10 May 10 334 3 May 18 434 5134 May 17 56 34 Sale 108 May 16 109 il6 * —10 * * 49 A* 50 2X 51X 3X 52 X 3 5554 100 * 5 5 * 1 35 1 1 7X 14X 16 7X 15 Sale 27 Sale 4X 5X 25 7 * 7X 14 H 4X 26 Sale 5 2X 30 8X 15 X IX 234 7 54 Sale 1454 IX IX 134 Sale 19 Sale 20 IX 20X 3X 14 2554 534 434 8 34 1 534 IX Sale 254 3534 734 1434 134 3 134 134 Sale 134' 1 34 20 2254 254 2454 154 2154 334 22 2054 8 21X 4 9X 73s 534 12 12** 934 1034 1134 65"" ~67X 63 34 "65" ~ 5h 1634 Sale 28 554 5 Sale 45 6 5 34 May 1634 May 1234 May 26 May 534 May 14 26 May May 16 May 4 May 22 254 May 31 May 854 1534 154 154 1 34 834 14 3-4 134 134 154 May May May May May 26 24 17 22 34 19 May 1 834 1454 134 154 154 10 9 May 19 14 X Apr. 27 Jan. 6 "At Apr. 7 Feb. 254 Apr. 4654 Jan. Jan. 108 Apr. J 6 Aor. May 26 May 16 May 3 May 16 May 17 May 11 1] 9 8 2334 Apr. 5 Apr. 434 Feb. 2034 Feb. 154 Apr. 36 Apr. 7 19X 11 334 534 4 34 2634 234 22 IX 65 IX 5 14 H IX 12 24 X 21 Sale 68 2X Sale 7 Sale Sale Sale Sale 134 64 1 334 534 1334 134 66 154 4 554 834 Sale 134 134 734 18 734 1934 Sale 17 X 17 20 19 1 1034 1034 12 12 17 134 67 154 254 Sale 634 634 9 34 154 854 1834 7 """34" ""134 " 134 65 54 1234 12 18 22 2554 May 26 Sale Sale Sale Sale Sale 1 434 May 26 354 May 3 1054 May 3 12 Apr. May Apr. Apr. Jan. Mar. 22 14 Jan. 9 11 Apr. 8 11 16 1554 May 29 134 May 10 May 25 134 May 17 254 May 26 554 May 4 8 34 May 1 34 May 734 May 17 May 654 May 34 May May Sale 12 Sale 1154 May 1 9 2 17 11 10 25 25 154 May 4 May 25 66 134 May 9 4 May 3 634 May 25 24 12 31 15 7 May 17 X May 6 1234 May 31 934 1.54 8X 1934 May May May May 12 May 31 64 1 2 54 5 Jan. 24 Mar. 27 May 26 Mar. 31 734 Apr. 1 Apr. 6 Apr. 16 34 Apr. 534 Apr. 54 Apr. 1034 Apr 1034 Apr. . 2954 Apr. 10 Mar. 2554 May LX Mar. 5 26 22 26 17 1234 -T!,n4 6-1 May 10 73 34 Mar. 8 IX Apr. 1154 May 66 Jan. 834 Apr. 10 65 Mar. 15 Jan. 20 4 Jan. 3 Jan. 2134 Feb. 21 534 Mar. 4 934 Mar. 31 30 Jan. 27 2054 Apr. 334 Apr. 7 Apr. Apr. 11 Mar. 10 3144 Jan. Jan. 10 4 1534 154 234 234 134 134 134 18 34 62 May Apr. 9 Apr. 60 63 34 May 31 36 13% Jan. 30 23 May 22 2 54 May May 29 May 10 May 16 64 17 4 734 Jan. 1834 Mar. 29 1734 Mar. 11 Mar. 15 27 Jan. 3 7 654 Feb. 134 Apr. 22 34 Sale 734 6454" "6634 1334 May 17 734 Feb. 27 24 1 6 154 Feb. 1 1734 Feb. 13 34 Jan. 10 Jan. 19 4 434 Jan. 5634 May 29 110 Apr. 5 10 Apr. 1434 Jan. 554 May 10 27 934 Jan. 34 Apr. 25 Mar. 31 5 1634 May May 2 34 64 10 f * 554 1554 23 54 Jan. 10 IX 2 OX 100 100 5X Sale * 8 25 5X 1754 Sale 24 * * * -_5 5X 15X 1234 3 3 16 34 Mar. 3 3 Jan. 21 3 Feb. 17 1054 Mar. 8 654 Mar. 10 1 1 134 Apr. 4 7 554 Jan. 9 1434 Feb. 25 3 34 Mar. 15 90 Mar. 15 134 Jan. 5 7 34 May 2 Feb. 3 Feb. 3 34 Mar. 31 4 Apr. 1 454 Apr. 1734 Apr. 434 Apr. Jan. Mar. 9 2 6 100 * .10 May 4 May 9 May 27 May 10 May 24 May 29 May 23 4 Mar-24 20 74 2 3 31 1 "At Mar. 22 954 Jan. 4 10 Jan. 20 5534 Jan. 10 34 Mar, 5 Apr. 834 Apr. 5234 Jan. 8X 834 May 20 Jan. Jan. 6 Mar. 31 254 Apr. 86 6 1334 3X ... 4,900 Sale % Sale 1,450 700 28 5 May 23 554 May 16 7234 May 9 3X OX Sale 6X common—10 3,800 Duval Texas Sulphur 350 24 1334 May 5X Sale Sale 4J4 5X 7834 Sale 1 1 7% preferred 100 Dubilier Cond Corp com .1 Duke Power Co 100 Durham Hosiery cl B com... Duro-Test Corp common 1 10,300 1534 70 1,520 Draper Corp 2,000 Driver Harris Co 4,600 1,400 3,000 1,000 1454 12 Coal B...25 Textile Co com 500 1,000 14 X 5X Am dep rets ord reg _£1 500 23,600 Divco-Twin Truck Co com—1 1 3,500 Dobeckmun Co common * 25 Dominion Bridge Co— 2,700 13 X 10 7% preferred 1,425 Diamond Shoe Corp com 33,200 15H ~2X "2X 1 2,700 Detroit Gasket & Mfg Co 6 % preferred ww 20 2,100 14,200 Detroit Gray Iron Fdry com--l 4,900 Detroit Mich Stove Co..— 1 2,100 Detroit Paper Products 400 May 31 332 May 2554 May 6 54 May 23 Sale X 8X 25c -25 21,500 Crown Drug common Preferred 655 3,600 26 % May 29 May X 28 26 17 9 X May 15 30 May 3 11 6 Jan. 4 3 8 7454 May 13 334 May 27 At May X* X At Mar. 11 734 Mar. 10 834 Mar. 11 3 34 24 1 Mar. 10 Mar. 14 Jan. 6 Jan. 10 May 25 654 Mar. 6 Mar. 7 Jan. 1 6 4 2 5534 Jan. 234 Apr. May 254 May % 7% 5% preferred 50 Courtaulds Ltd £1 Am dep rets for ord stk reg _ _ 900 5 95,100 Creole Petroleum com.. 26,900 Crocker Wheeler Elec Mfg—* 1,000 65 3/a 9X 7,480 10,900 Sale Sale 334 Jan. 534 2034 134 334 134 Apr. 11 434 Feb. 16 8 4 Apr. 6 70 Apr. 554 May 29 May 5 4 Feb. 7 80 434 May 16 May 31 74 % 24^ 234 May 29 " X Sale IX IX 6% Sale 81X 84 'At X 1 Reynolds pref A $6 conv 1,700 45,900 Cosden Petroleum com 25 2 54 May 1 7 May 31 Feb. 84 81 preferred Corroon & ""300 134 May 11 3 90 10 500 Distilled Liquors Corp Distillers Co Ltd— 2,300 Sale % 6 com—* * Copper Range Co * Copperweld Steel com 5 100 125 5 77 118 Cooper Bessemer Corp $3 prior preferred 25 May 25 May 26 40 16 Sale Sale 2X Sale 40 1754 May 16 34 May 2 154' May 17 18 12 17 234 May Sale X 59X 100 Curtis 900 9 754 May 16 78 82 65 5X 8X 5 * 50 May 25 4 54 May 51 3434 Jan. 11 4 Apr. 11 154 Apr. 11 3 2 54 Jan. 5 Apr. 29 3 734 Jan. May 10 69 3734 May 8 4 X May 1 134 May 11 254 May 22 7 May 31 2 34 4X 72 6,400 Crown Cent Petrol (Md) 5,200 Crown Cork fnternat cl A 500 May 13 12 11 17 11 16 Jan. 19 54 Apr. 4 154 Apr. 1 3 May 66 6 27 Mar. 25 Mar. 27 5 37 1,000 1,000 200 254 454 534 14X * 50 IX 254 Sale 'At 27,600 Croft (The) Brewing Co 1.500 Crowley Milner & Co com 2,100 4X Sale 28 500 2,200 n Sale Sale X X Inc com—1 8% 70 2,400 Sale 154 2X 2X 4X 5 2X 4X 4X 80 3X 27,700 Consol Steel Corp common...* 1,400 Cont'l G & E 7% pr pref...100 200 Continental Oil of Mexico.-_.l 16,300 Cone Roll & Steel Fdy com. — * 3,400 Cook Paint & Varnish Co 3,900 175 5 7 55 X 25 preferred— 6,700 Consol Royalty Oil 250 80 3954 3834 47 5 6234 May 2 4 34 May 17 934 Feb. 5534 Mar. 2 3X Feb. 37 Mar. 53 X Jan. 55 Jan. 434 May 434 Jan. 3 434 May May 61 % May 154 May 38 43^ Sale IX 2 2X, Sale Sale — 9,000 Cons Retail Stores 1,700 45 4X 434 37 92 25 S3 preferred • * 1 7,300 Consolidated Biscuit Co 5 220,500 Consol Copper Mines 23,950 Con Gas E L & P Bait com.-.* 3,330 5% preferred A 100 100 4X% series B pref. 100 1 11.700 Consol Gas Util com 5 6,700 Consol Min & Smelt Ltd """900 66 Sale Sale 3X 4X 8X -1 5,500 Community Water Serv Compo Shoe Machinery— V t c ext to 1946 1 6,500 Conn Gas & Coke Security.--* 1,000 64 46 4 5X May 18 4334 Mar. 22 654 May 26 5054 May 10 18 May 24 May 22 May 27 47 62 May 31 May 18 May 2 May 31 754 May * Common 14,350 1,450 534 May Sale X X Sale W ar rants — » — — — — 96,500 3,975 Commonwealths Distribut—1 3,775 Community P & L $6 1st pf- - * Community Public Service— — 6 34 May 3934 May Sale 434 4834 6534 4 7434 654 34 5554 Jan. 9 Apr. 14 130 Feb. 28 Jan. 25 79 8 Jan. 4 554 Apr. 11 54 Jan. 3 34 Apr. 6 Jan. 3 34X Apr. 10 58 8 110 16 11534 May May May 17 5,525 5% conv preferred 100 1 147,800 Columbia Oil & Gas com * 100 Columbia Pictures Corp Commonwealth & Sou Corp— 4,600 1,375 Highest Sale Prices OX 50 4X 4X OX Sale 16,600 Colt's Patent Fire Arms Mfg 25 Columbia Gas & Elec Corp—- 1,125 11,600 Sale 67 05X 46 Lowest Sale Prices 63 X Sale OX Sale Sale 4X 4X 00 X 2,100 6% convertible preferred £1 25,100 Colorado Fuel & Iron warr—_ — 2,200 1,100 54 X OX 50 32,400 Colon Development OX "At 49 M a 54 2,600 Cohn & Rosenberger com 100 — Sale Sale 8,600 15,300 1,000 25,100 1,150 - ~~0X X Cleveland Elec Ilium com * Cleveland Tractor com * Clinchfield Coal com 100 Club Aluminum Utensil com.* * 250 Cockshutt Plow Co Ltd 1,200 73 58 45 Highest Sale Prices 11254 May Sale Sale 11434 Sale 114 "~7X ~~8"" 4 Ask Ask Bid Bid 133 ..... * Preferred BB 860 480 «'w 128 1,975 Cities Serv Pr & Lt $6 pref—* 3,755 $7 preferred * 13,300 City Auto Stamping Co * 300 City & Suburban Homes 10 1 1,800 Clark Controller Co 1 38,700 Claude Neon Lights com 1,600 Clayton & Lambert Mfg Co.-* 60 150 - Bid 145,100 Cities Service common.-10 Preferred * 71,900 Preferred B * 7,900 13,100 6,000 —. Ask Par (Continued) STOCKS Lowest Sale Prices May 31 May 1 1939 25 'Ugh 2,350 Chesebrough Mfg -5 13,000 Chicago Flexible Shaft Co_. 2,800 Chicago Rivet & Machine. __ .4 Chief Consol Mining Co 1 6,100 100 8,125 Childs Co preferred-- Shares 1 Price NEW YORK 1,300 RANGE SINCE JAN. PRICES IN MAY AGGREGATE Shares 800 43 CURB EXCHANGE IOKK NEW June, 1939] 2054 Jan. 154 Mar. 72 1454 154 1234 2534 1 Mar. 10 Jan. 554 Jan. 7 Jan. 2 7 6 7 4 Jan. Jan. Jan. Jan. 10 Jan. 134 Feb. 21 1934 Jan. 19 1934 Jan. 20 44 NEW OURB YORK EXCHANGE AGGREGATE SALES In PRICES IN MAY NEW YORK EXCHANGE Shares Shares STOCKS 1,400 600 900 1,100 99,700 7,200 1,700 8,400 6,300 50 700 300 1,200 May 1 1939 (Continued) Par Bid 13,000 Easy Washing Mach class B_ * 3K 2,200 Economy Groc Stores com* 8,100 Edison Bros Stores 2 1654 30,900 Eisler Electric com 1 1,240,700 Electric Bond & Share 5 11M 46,900 $6 preferred * 66 15.300 $5 preferred * 60 32,400 Electric Power Associates 1 254 Class A 40,400 1 254 Electric Power & Lt 2d pf A 2,750 * 26 10,800 Option warrants 454 Ask - 1,250 $4 participating pref. 3,900 10,600 Electro! Inc vtc. 100 750 800 10,450 500 410 4,610 4,435 850 650 " 5,200 1,325 7,400 7,100 63,700 2,625 40,800 300 III 1 500 5,000 mpire Dist Elec 6 % pref. 100 mpire G & E 7% pref 100 8% preferred 100 6% preferred 100 GH% preferred 100 mpire Pow Corp part stk * _ 550 6,400 1,300 Sale Sale 1554 1554 154 Sale 754 Sale 6454 6554 Sale 55 17 1H Sale $3 600 4,000 60 -50 550 150 3,500 300 450 -1 .10 1100 6% preferred * ord Motor Co Ltd, Amer dep rets—Ord reg £1 Common Partic conv preferred 61200 3,325 $3 conv $3 conv 1 15 stock preferred * ._* amewell Co $6 conv pref 10 280 5,900 400 5,600 300 5% preferred 100 American dep receipts 60 2254 1054 % Sale pref B 20 Sale Sale 1154 54# Sale 61 6254 1154 Sale 24 554 15 1154 754 1954 554 554 Sale 754 2054 654 554 40 10 100 400 1654 $6 conv pref conv preferred * 8 54 Sale 6054 6254 700 6,600 9.300 200 112,200 12,600 180 200 200 810 1 Sale 4 Sale 7 54 _.* * 10 150 12,100 10,200 2,300 60,600 1,700 250 900 300 2,100 100 800 ■ 500 ^ 600 500 — 23 22 2454 26 27 39 8 19 12 12 27 20 12 3 May May 154 May 19 May 63 54 May 57 May 58 May 5754 May 1 15 18 19 18 19 5 May May 154 May 19 May 66 May 63 May 6354 May 61 May 10 19 11 4 25 2 14 54 it* 1854 1054 12 Sale 4154 19 10 14 1 154 1 154 11 54 Sale 1 354 60 1854 Sale 54 5054 65 54 41 i 52 54 49 24 4 6 Feb. 2 5454 Feb. 5154 Feb. 2 Jan. 1054 754 2054 554 554 May May May May May 35 May 16 May 7 May 54# May 62 May 854 May 75 May 5754 May 16 3 4 27 3 1 22 5 2 11 1 3 2 1854 May 22 1954 May 8 1254 May 9 854 May 31 2254 May 25 6 May 4 654 May 18 35 May 1 1754 May 4 954 May 20 54 May 31 65 May 29 1054 May 25 85 May 24 6454 May 24 20 May 9 31 Feb. 2 11 2154 Feb. 1 6 Apr. 10 54 Apr. 10 2354 Apr. 28 54 May 31 5 Mar. 22 1554 May 17 Jan. 3 Apr. 11 954 754 1954 454 5054 854 16 54 Jan. Jan. Apr. May Apr. May Jan. Apr. Apr. Apr. Apr. Apr. Apr. Apr. 5 35 1454 7 We 56 654 71 28 6 10 10 5 10 10 11 8 8 8 12 20 May 29 18 4 8 1 2 May 9 May 27 May 1 354 Jan. 13 154 Mar. 22 1054 Jan. 16 754 May 6 18 May 8 1954 May 27 24 May 4 2754 May 1 654 Mar. 29 654 May 24 17 May 24 16 54 May 1 23 May 2 26 May 11 14 Feb. 65 6 354 Mar. 23 354 Mar. 23 2954 Jan. 20 554 Jan. 5 5 May 12 1054 154 2154 7054 73 74 71 Jan. 7 Jan. 3 Mar. 7 Mar. 10 Mar. 20 71 Mar. 20 Mar. 20 Mar. 21 2454 1054 54 2854 854 Mar. 10 Jan. 9 Jan. 4 Mar. 13 Jan. 3 20 Jan. 7 We Jan. We May 22 5 354 May 154 May 14 May 1 6 1254 Jan. 20 .7254 Mar. 10 5 Jan. 53 52 8754 May 1 May 6 8 1854 May 3 1154 May 10 May 15 54 May 12 8954 May 6 154 May 26 $7 preferred-oldfield Consol Mines $3 preferred Mfg Co—■ 154 Sale 77 H 154 63 49 51 51 654 "7854 554 32 4 Feb. 24 16 854 Jan. 23 54 Mar. 854 Mar. 7 Jan. 35 22 20 10 11 12 May 1 Mar. 16 9% Feb. 21 May 31 68 Mar. 11 1254 Mar. 9 90 Mar. 11 Feb. 17 9H Jan. 23 73 Jan. 23 5 23 Jan. 5 454 Mar. 9 2 May 27 15 Mar. 13 1854 May 5 1254 May 29 May 31 We May 4 17 Jan. 10 Feb. 14 954 Mar. 11 1854 Mar. 28 1954 May 27 1554 Jan. 1754 Jan. 28 26 Mar. 27 29 Jan. 26 3 43 Apr. Apr. Mar. 20 83 25 1254 Jan. 8654 Apr. 1 Apr. 16 20 20 97 _* 54 254 2954 10 9854 Sale 2 54 18 20 1854 stock.* 127 25c Sale common. 254 22 y* 254 Sale H $5.50 preferred. VH Sale 40 102 104 92 W 6 2 H 8W 98 8 Sale . 61 -1 9H 1X 1H 4 y8 conv preferred lh W Sale * 150 ^ teller (W E) & Co common. _2 7% cum pref w \v__ 7% pref ex-warrants 1 154 Sale 654 Sale 27 754 8654 54# 154 1554 2054 454 9 82 9 9754 54 2 17 35 6 154 1554 54 3154 104 5054 5154 4W 54 454 3554 5 54 Sale 93 Sale 4 54 Sale 29 30 5 31 13 11 29 31 5054 May 10 51 May 16 May 25 10054 May 3354 May 89 May 82 May 3 54 May 30 May 17 3 24 10 22 3554 May 93 May 82 May 454 May 30 May 454 Sale 2554 754 4 27 9 94 9754 We Sale 154 2 16 May 27 15 Sale 99 Sale 3554 554 3654 554 Sale 17 2 May 3 May 16 8 May 854 May 1654 Jan. 11 8 3 Mar. 20 Mar. 13 16 8954 May 2 6 Jan. 4 Mar. 8 29 W Sale 5W Sale Sale 3W 7W 8H Sale 454 154 13 54 1 54 154 54e 154 454 5 2 54 14 6654 54 54 154 3 3 We May 4 May 13 We May 22 May 9 May 9 554 May 8 954 May 16 132 82 May 1 100 3454 May 2 3654 554 May 25 554 154 May 2 2 May 22 May 3 12 4 16" May"31 May 9 May 4 May 29 May 6 May 31 May 9 May 9 154 May 16 2 12 May 6 May 16 May 9 May 16 May 16 May 22 May 3 69 154 Sale 154 6 5 54 2954 354 2954 3054 354 3 7 754 7 Sale 4H 3 54 4 9 754 8 Sale 654 754 354 7 54 754 5 13 1454 Mar. 6 May 31 5 54 Jan. 5254 Jan. 13 5 66 6 8 2 May 19 We May 10 154 May 17 554 May 16 2854 May 4 3 May 19 1554 May 12 654 May 29 3054 May 29 3 54 May 10 16 May 4 754 May 3 754 May 26 654 May 24 25 May 11 754 May 31 754 May 24 25 May 11 4 4 60 >« Jan. 5 Jan. 30 75 May 31 33 54 Apr. 25 52 Jan. 9 54 Apr. 154 Apr. 6254 Apr. Feb. Feb. 2 29 Apr. 4654 Apr. 9554 Jan. 4 Apr. Jan. 31 10 1 8 8 U 100] Mar. 24 8 63 37 Jan. 5 Mar. 13 Mar. 6 4 96 Jan. 12 82 354 Apr. 8 7 65 Feb. 6 10 10 10 Mar. 31 6 Feb. 8 We Mar. 25 15$ Apr. 4 15 May 13 18 Apr. 5 Apr. 854 Apr. 5 Feb. 6 2154 Apr. 3 May 24 Jan. 37 554 Apr. 354 Apr. 28 6 2 8054 Feb. 17 54 Mar. 11 5254 Jan. 18 7954 Jan. 27 Jan. 5 554 May 16 Feb. 7 Jan. 19 9854 Feb. We Feb. 254 Jan. 7 8 5 Jan. 9 33 11 • 18 5 12 4 2254 Mar. 17 7 54 Jan. 20 1254 Feb. 15 12454 Mar. 22 132 May 6 6954 Jan. 3 100 May 31 33 Feb. 6 Apr. 12 39 5 Apr. 25 754 an. 9 154 May 1454 54 2954 103 54 9554 Apr. Jan. Apr. Jan. Jan. 154 Apr. 854 Jan. 154 Apr. Jan 63 54 May 54 May 1 54 May 5 May 2 254 Jan. 11 22 54 Jan. 20 10 11 104 10 Jan. 21 3 6 3 May 16 May 16 2 54 Jan. Feb. 3 23 12 28 6 4 Mar. 27 17 65 Jan. 24 Jan. 13 Jan. iM 4 54 Feb. 40 26 109 54 Mar. 20 1 4 11 154 54 154 654 Mar. 15 23 Apr. 8 254 Apr. 11 1554 May 12 654 Apr. 11 36 21 Mar. Jan. Feb. 3 6 25 May 17 Mar. 30 Mar. 15 Mar. 14 554 Jan. 22 54 Jan. 954 Jan. 3 17 4 854 _ 41 31 35 35 40 56 3054 42 50 9 454 13 54 4954 554 1454 "600 4,900 754 1,500 17,300 1454 954 Sale 754 5 54 1454 . 554 1454 354 654 654 2354 Feb. 17 4 Apr. Apr. Apr. 11 4 14 754 May 31 24 25 25 854 53. 19 27 23 2754 354 46 page 28 Jan. 4254 Jan. 54 Jan. 5254 Jan. 94 54 1554 May 1 18 54 54 May 16 54 Sale 3154 May 1 3454 112 10554 May 5 109 109 10054 May 4 104 6 106 254 31 24 24 31 22 554 May 16 27 Sale 54 54 33 54 Sale 10554 10954 1554 4 654 154 Sale 9954 101 354 5 154 1054 May May 54 May 154 May 73 May 2354 2154 2254 22 6 5 554 5 9 954 854 Sale 12954 13054 128 Sale 33 54 5 75 40 * 9 W OldiSS .A. 454 63 H V* 6% 454 25 12854 6954 Sale 3754 3854 7 | 21 854 Sale 554 30 554 60 13 54 "8654 "8754 29 654 Sale * 1 454 354 30 1054 common Conv preferred azeltineCorn 54 154 73 71 May 2 3554 May 13 54 May 11 154 May 29 63 May 2 100 554 126 Corp 1 1! 60 Sale 4954 6 X Common Sale Sale 2854 854 Vtc agreement extended--* Non-voting 54# 49 55 38 154 Jan. 154 Apr. 1854 Apr. 27 3 54# May 22 Mar. 2 1 15 29 1 754 May 22 We May 25 2554 May 31 6 May 3 1654 May 12 9 Jan. 12 3 May 22 May 2 May 5 May 18 May 17 8 1854 Mar. 59 56 754 54 2454 554 1554 354 Jan. 1754 Mar. 34 Sale 400 see 1 8 83 25 4,500 3,100 For footnotes 254 Apr. 14J4 Apr. 15 Apr. 1 10 10 27 29 1454 1754 Sale Prices 654 Apr. Apr. 5054 Apr. £154 May 12 £154 May 12 15 Apr. 6 3 Apr. 10 41 1354 1,900 5,100 754 1754 1254 1354 8854 Sale 154 2 5 13,000 8,100 900 654 1754 Sale 39 * Class B 8,100 900 "f,706 654 Sale 17 54 Sale 1654 Sale 14 2754 554 50 500 254 1454 3554 Sale 350 1,200 6 3 54 254 1354 8 54 17 54 18 1154 Sale 16 17 19 21 * . 4,900 1,400 2,400 Sale 20 1,000 150 Sale 100 com— 89,700 1,420 100 1054 85 354 154 24 354 Sale 154 154 954 1 7754 2,800 5,300 300 550 Sale 6554 354 154 23 orham 1,400 Sale 64 _ 8 54 Sale 854 Sale $3 preferred 800 3,275 6 1754 7 Tire & Rubber— Water Gas & Elec 120 $5 preferred 3,300 ( ilbert (A C) Co com Preferred... 1,030 500 < 83,000 4,800 2,400 21,100 2,225 15,600 4,850 9,600 554 554 1954 254 75 w w 6% preferred A 140 300 5 Sale 1954 15 $3 en 30,000 1,100 300 1154 Sale 854 Sale 23 54 2254 75 730[ 300 1 18 1554 May 17 May 1 54 May 854 May 65 May 55 May 354 May 354 May 1754 May 3 54 May Highest Sale Prices 16# Jan. 1,210 1,425 5,425 3,300 3 2 10 Sale 1854 1854 54# * , 32,600 17 Sale 16 Warrants en 200 1554 Sale 16,100 ( 2,675 15,600 3,700 275 Sale 6 18 62 54 100 1,275 6154 2254 2654 754 854 54 Sale 2554 Sale Sale 780 20 60 "58" 1 300 20 59 5654 47 - 5854 68 1,100 - 6554 Sale 1,200 575 Sale 62 54 74 66 200 — 54 754 Sale 71 62 67 6354 6554 2654 _* $6 preferred 100 6,400 w 7 854 Sale 18 50 120 ^ 2254 23 £1 310 ~ 1054 154 1 66 65 Sale 61 2054 8,600 — 6254 63 63 5,800 180 1,800 254 May 15 May 1554 May 154 May 754 May 6154 May 53 54 May 2154 May £154 May 1754 May 354 May Lowest Sale Prices 3 May 10 * 1,600 90 1,300 10 22 54 Class B 1,175 100 1054 Sale 35 1.500 — 5754 9 6,150 41,400 v 154 Sale 1854 31,500 1,000 2,400 125 «. 10 64 454 454 654 Sale 44,400 1,575 1,000 1,450 8,300 — Sale 400 — 8,300 — 354 59 Sale 21 3,025 9,325 •» 354 Sale 1054 Sale 754 Sale Brewing. 36,300 1,920 — Sale 154 54 112.800 1,475 Sale 154 154 warrants. 500 18,900 55 354 354 354 5 54 .--1 20,300 300 20 50 62 62 61 61 .--1 Option Sale 1754 18 154 Sale 854 Sale 6454 Sale Highest 5 20 «. 354 Sale 1054 10H 1J4 Sale 5,500 4,200 20 preferred conv 9.600 300 M Lowest Sale Prices Ask 354 354 Sale Sale 10 155,600 7,000 900 8,400 54 Ask Bid 254 254 254 * 575 300 May 31 Bid — 100 1 Jan. 3 Electric Shovel Coal Co— 100 RANGE SINCE JAN. Price CURB May Since Jan. 1 Jan. 12 Feb. 954 Jan. 21 9 26^4 Jan. 19 2654 Jan.i20 554 May 1454 May 854 May 9 May 17 36 554 May 10 1454 May 17 Mar. 31 10 Jan. 5 30 Apr. 4154 Feb. 45 754 May May 35 Mar. 22 21 28 7 3 54 Apr. 13 54 Apr. 14 10 11 50 Feb. 854 Jan. 15 20 Mar. 11 June, 1939] NEW YORK CURB EXCHANGF 45 AGGREGATE SALES PRICES IN MAY In May Shares Jan. 3 1939 STOCKS (Continued) Par 3,800 Holophane Co Inc common..* 200 Holt (H) & Co class A * 600 Bid 100 1,500 100 2,000 350 5,700 6,800 2,200 19,100 Illinois Iowa Power Co... 50 700 10,900 200 """loo 700 90 290 175 254 69 H 10 8* 654 554 6 24 22 354 Sale 18 16 54 17 15 29 600 6 430 7% preferred 102 1 154 15 a 54 1 56 ...100 4.400 1,300 1,500 21,200 Insur Co of North Amer 10 7,500 Internat Cigar Machinery * 26,000 Int Hydro-Elec $3.50 pref.-.50 3~,2o6 1,900 " "A" stock pur warrants —1 50 Internat Metal Indus cl A * 67,800 Internat Paper & Pow warr 91,100 Internat Petroleum com.. * 6,400 Registered * 25 10,300 12,400 1,600 1.700 2,600 650 400 200 1,400 8,400 3,100 200 4,500 1,100 _J6 854 10 6054 Sale 2154 Sale 1354 1454 %% 6654 68 2254 1654 Sale 18 254 Sale New warrants.. 570 25 900 100 _ 1,100 Sale 54 67X 54 6854 37 Sale 554 854 100 100 51 69 55 74 41 100 1 800 75 54# Sale 18 54. 254 Sale 154 154 254 154 1 92 Sale Sale 1854 21 98 10154 28 Sale Sale Sale 116 454 754 120 454 654 * 7454 79 5654 58 154 154 254 Sale 154 154 1154 1 254 754 11 1154 8 1154 60 8354 , 3,400 8,225 4,600 58,700 370 2,500 500 -_ 300 18,500 300 500 """300 4,700 Lone Star Gas footnotes * Long Island Light common * 7% preferred 100 6% preferred series B 100 Loudon Packing Co com * Louisiana Land & Expl com..l Louisiana P & L $6 pref * Lucky Tiger Combination 10 Ludlow Valve Mfg Co. * Lynch Corp com 5 59,400 Majestic Radio & Tel Corp 2,200 Manati Sugar opt warr.. 1,700 Mangel Stores Corp com 200 $5 conv preferred Manischewitz Co common T,706 Mapes Cons Mfg Co 200 See Locke Steel Chain Co.....-.5 Lockheed Aircraft .....1 1 1 * .# * Marconi Internat Marine— 700 Communication Am dep ret see page 53. May 24 31 6 May 4 10 May 6 May 1 11 May 3 105 154 May 25 154 May 25 854 6054 2154 14 54 May May May May May 24 25 25 24 24 ----- 854 Apr. 13 59 Apr. 8 2054 Apr. 14 Mar. 31 5 May Apr. Apr. Apr. Apr. 29 6 11 26 10 54 May 8 May 54 May 14 May 36 May 3#i May 254 May 454 May 56 May 9 May 56 May 1554 May 37 May hi May 354 May 6 May Mar. 5 3 32 18 2 454 54 1654 1654 54 May 31 May 2 54 May 24 zl7 19 May May 1 54 254 May 154 May 22 May May May May May May 454 May May 23 654 May May 22 10854 May May 11 56 May 20 23 8354 May 31 May 24 154 May 2 254 May 1 154 May 2 1254 May 27 64 1154 May 17 12 May 63 May 27 2 1254 Sale 1154 May 20 454 May 16 Sale 354 39 May 23 3854 May 11 254 May 12 42 Sale 10 May 31 1054 May 4 10 1554 1054 54 754 254 54 2754 954 May May May May May May May May 24 15 Jan. 21 Mar. Mar. Mar. Jan. Jan. Mar. Jan. 2754 Jan. 27 Jan. 13 29 14 26 6 23 4 3 20 354 May 8 54 Feb. 25 10 Mar. 3 54 Jan. 1554 May 3854 Mar. »ai May 454 Feb. 6 May 14 54 Mar. 754 Feb. 54 Mar. 1954 Mar. 2154 Jan. 56 Mar. 6 12 14 25 8 15 23 28 8 8 3 9 454 Jan. 3 254 Feb. 25 10 39 Jan. 4 2254 Mar. 27 26 Jan. 30 Apr. 11254 Mar. 22 11854 May 24 56 Jan. 38 Jan. 1 11 654 Jan. 9 16 Mar. 9 ' 10854 May 26 54 Jan. 20 10 154 Apr. 10 254 Apr. 20 154 Jan. 16 1154 Apr. 20 8 754 Apr. 954 Apr. 12 9 Apr. 26 13 8354 May 31 May 24 5 254 Jan. 64 354 Feb. 154 24 Mar. 7 13 54 Mar. 6 854 Apr. 1554 Mar. 3 3 4 1254 May 3 10 Jan. 11 54 Feb. 16 73 Jan. 10 45 May 40 „54 6 4 98 May 29 9 10154 May 31 5 106 May 29 Jan. 8654 Jan. 17 16 Feb. 6854 2454 2154 54 454 554 454 54 Apr. 59 3954 6754 Jan. 78 6 6 8 154 May 25 154 May 3 54 Mar. 22 254 Apr. 10 154 Apr. 11 11 11 41 14 19 4 Apr. 554 Apr. 105 Feb. 65 40 2 54 23 26 9 Sale i«Feb. 254 Apr. 454 Apr. 354 May 25 154 May 24 11754 May 24 11854 May 24 May May 154 May 254 May May 1254 May 27 6 Apr. 8 Apr. 13 11" Jan. 24 34 Apr. 28 1054 Apr. 8 3 54 Apr. 10 54 Jan. ll 15 Apr. 6 1454 Apr. 11 *6 Apr. 13 98 9054 May May 29 94 May 10154 May 31 106 9954 May May 29 1854 May 18 28 May 31 24 May 19 24 May 19 58 10 56 Mar. 17 5 Feb. 654 Feb. 5454 Mar. 9 13 17 454 Jan. 25 54 Mar. 31 56 Jan. 17 2 81 1154 18 \v* 12 Sale 1 254 5 Jan. Feb. 17 32 Feb. 23 7 Jan. 6 5 1054 Jan. 5 1254 Jan. 108 Jan. 21 254 May 2 5 May 29 254 May 24 26 May 9 26 May 9 354 May 8 Sale 1154 454 9 754 Feb. 1754 May 29 17 5 18 17 454 Mar. 14 254 Jan. 9 2954 Mar. 16 % Mar. 11 24 9 2 12 29 25 8 15 3 13 Jan. 17 854 May 9 6654 May 27 31 16 1654 Mar. 15 10054 Apr. 154 2254 2454 254 7 17 9 554 May 554 May 554 Apr. Apr. 23 Mar. 22 3 _ 154 May 25 154 May 3 61 63 2454 Jan. 18 22 % May 24 May May May May 5 Mar. 17 21 Jan. 11 3954 Jan. 1 11054 Mar. 12 Feb. 18 6954 Jan. 31 554 Mar. Jan. 12 12 54 Jan. 254 May 23 5 May 29 154 May 2 24 May 31 25 May 3 3 May 3 Sale Sale Sale 6 3 Sale 2 54 3 954 1054 10 15 54 9 Mar. 31 45 Mar. 31 17 1054 1054 54 _54 17 1154 Jan. 23 454 Apr. 11 1254 May May 31 4254 May 9 May 18 354 May 25 39 May 23 3254 Mar. 31 2 Apr. 8 5154 Mar. 8 5054 Jan. 7 354 Mar. 13 19 May 31 65 Apr. Apr. Apr. Feb. Apr. Feb. Apr. Apr. Apr. Mar. May Apr. 1754 May 24 11 May 15 6 Sale 754 7 54 754 25 2754 254 Sale 54 Sale 3254 3354 12 13 1254 Sale 3154 Sale 19 254 Sale 2 54 1954 1054 54 as 154 1354 254 "154 " I54 13 "I"54 "~154 1254 13 3654 Sale 9 Sale 154 Sale 2554 27 2054 Sale 154 Sale 754 Sale 1154 Sale Sale 2454 854 1 26 23 Sale 27 24 154 154 554 Sale % 54# 54 3254 "3354 2454 "26"" 54 Sale 54 Sale 154 2 34 30 3454 154 54 154 2554 2 1954 19 554 6 1254 May 17 1854 May 3 154 May 23 1254 May 1854 May 154 May 2354 May 12 11 1254 May 29 2954 May 29 954 May 4 1 May 1 3054 May 26 2654 May 31 154 May 29 654 May 4 9854 May 31 54 May 9 10 18 10 24 3 1 3 11 10 24 8 1554 954 54 754 2 3 24 11 3 3 3 Jan. 10 54 22 8 1254 1154 1854 154 554 1 Sale 3054 3054 2654 Sale 154 154 554 6 9854 Sale 56 54 2654 2 30 2254 20 654 2454 854 54 27 23 154 554 9554 54 May May May May May May May May May May 16 1 1 2 3 22 15 1 15 9 "" 654 22 754 25 May 16 154 May 15 54 May 8 154 May 31 26 May 4 254 May 22 54 May 8 154 May 31 Jan. Jan. Feb. 3 16 6 1154 Apr. 25 85^ Feb. Jan. 27 13 3 Jan. 3 34 8 15 May 24 Jan. 2054 Jan. 17 20 3 Feb. Feb. 17 17 154 Feb. 6 23 9 10 Apr. 3 2254 Apr. 26 754 Apr. 8 X Apr. 27 24 22 Jan. Jan. 9 9 1354 Mar. 9 3654 Feb. 24 954 Jan. 19 154 Jan. 4 26 Jan. 6 35 1954 154 454 8954 56 Jan. Apr. Apr. 3 6 30 Mar. 11 154 754 9854 56 154 Jan. Jan. May 31 Feb. 9 Mar. 13 34 Jan. 1 26 2 154 54 34. 1 °A 154 Sale 2554 30 54 ■ 1154 1254 2854 Sale 954 954 7 3X Jan. 2354 May 12 22 11 54 21 27 1754 May May 54 May 754 May 254 May 56 May 34 May 1054 May 2354 May 12 154 1054 300 Loblaw Groceterias class A...* Class B ,6,550 703,600 50,600 37,400 31 154 254 154 1254 754 1154 1354 854 1154 11 554 Apr. 1454 Apr. 1554 Apr. 15 Apr. 28 Apr. 63 200 1,250 60,700 4,900 3,700 325 3,100 700 8,400 170 200 754 May 24 1654 May 15 1654 May 22 454 654 10754 % 56 2054 Sale 1 25 654 May 3 1554 May 31 1654 May 29 454 754 56 5 ... 254 1454 354 5154 254 154 Sale 28 11 31 18 354 May 9 1854 May 31 454 May 9 5154 May 18 5 57 5054 ... Le Tourneau (R G) Inc Line Material Co new... Lion Oil Refining Lipton (Thos J) class A 6% preferred Lit Brothers com. 54 56 1554 1654 1554 1654 54 Sale 40 1154 12 554 Sale Convertible preferred * 47,100 Lehigh Coal & Nav * 39,100 Leonard Oil Development--.25 300 354 Apr. Apr. Mar. May 8 12 18 20 10 10 May May May 1 May 18 II54 "I§" 1 4054 43 254 Sale 354 354 154 154 1254 13 854 854 1454 Sale 10 1154 Class A Class B 800 Lefcourt Realty com 8,500 9,700 19,100 4,300 1,000 2,000 3 454 54 1654 1754 54 11654 125 54 800 2,500 13,100 3,000 1,000 13 6 954 Langendorf United Bakeries— 150 37 100 24,300 Lakey Foundry & Machine. .1 90 Lane Bryant 7% pref 100 1,000 Lane Wells Co common 1 150 175 354 454 14 440 Lackawanna RR N J 80,600 Lake Shore Mines Ltd 125 Sale 9454 Kennedy's Inc 5 1,600 Ken Rad Tube & Lamp cl A._* 360 Kimberly-Clark 6% pref... 100 4,380 Kingsbury Breweries com 1 Kings County Lighting— 530 7 % preferred series B 100 810 5% preferred series D....100 23,100 Kingston Products 13,000 Kirby Petroleum 1 22,900 Kirkland Lake G M Ltd 1 1,100 Klein (D Emil) Co common. 1,300 Kleinert (I B) Rubber 10 16,100 Knott Corp common 1 Koppers Co— 6% preferred 100 Kresge Dept. Stores— 50 4% conv 1st preferred 100 3,000 Kress (S H) & Co spec pref.. 10 6,600 Kreuger Brewing Co... -.1 700 36 9 x * 1,035 10,300 2,600 2454 354 54 Sale 754 9 54# Sale 1454 1554 254 454 4)4 Sale IX Sale ♦ 300 Kobacker Stores Inc com....*1 90 nB is* 21 54 "9.500 1.000 Sale 37 11 11354 ""600 254 Sale 24 2354 354 14 54 13 34 554 80 Kansas G & E 7% pref 100 Keith (Geo E) Co 7% pref.100 360 Sale 0a 8 Sale ...1 .... 2,800 2,100 2 54 Sale 2454 25 254 3 154 154 54 954 — 375 Julian & Kokenge com 20 3154 254 24 54 10 34 106 1254 Jan. Mar. 17 254 1554 354 5154 1554 1 654 3154 654 Hughest 954 Apr. 154 May 26 2454 May 15 1 Sale Prices . 1154 Jan. 2354 Apr. 254 May 3454 Apr. 10854 Apr. 954 Apr. 53 Apr. 3 May 954 Apr. *6 Apr. 554 Mar. 854 Jan. 4 Apr. 154 Apr. 20 Apr. 154 May 6 2454 May 15 554 554 654 10754 10254 Sale 1 8 854 2 154 154 M Jersey Central Pow & Lt Co 7,200 554% preferred 100 2,490 6% preferred 100 1,740 7% preferred 100 26,000 Jones & Laughlin com.. 100 5,700 80 150 354 62,700 Jacobs (FL) Co 6,900 Jeanette Glass Co 2,250 1,120 110 354 common 1,4,300 International Vitamin ..1 18,700 Interstate Home Equip com._l 1,200 Interstate Hosiery Mills. *, 2,745 Interstate Power $7 pref ♦ 6,400 Investors Royalty Co.. 1 8,700 Iron Fireman Mfg com vtc..* 33,200 Irving Air Chute common 1 4,900 Italian Superpower cl A * 800 850 3,200 * 500 """166 200 Sale 27 )i 954 454 154 154 Sale 1,600 Internat Safety Razor cl B—* 2,600 Internat Util class A... * 12,700 Class B 1 2,250 $1.75 preferred * 1,200 $3.50 prior preferred 200 300 """600 4 >6 27 54 6 104 254 2651 8,900 Internat Products 1654 2854 154 29,900 Internat Industries 66)4 Sale 23 54 Sale 1854 Sale Sale Sale 654 800 Industrial Finance vtc—...1 25 1554 2854 103 54 1554 1454 1654 3154 16 654 Sale 854 Sale Sale Sale 16 16 54 254 1754 354 Sale 1554 1554 Sale m 18 z5954 May 31 May 31 354 May 4 May 18 11 May 18 54# May 12 54 May 19 754 May 9 854 May 29 3 11 26 24 1554 354 Sale 55 54 May 13 754 354 154 2454 254 Sale Sale 554 454 154 1254 May 24 254 May 18 254 May 18 3654 May 8 3854 May 4 10854 May 10 110 May 8 Sale 8* 754 954 Lowest Sale Prices 8 Sale 1054 354 154 Sale 2354 * 12 6X* 4 2 354 Sale Highest Sale Prices Sale Prices 12 May 3 1254 854 2 5754 Sale x5854 354, 354 i§* ... 200 1154 654 354 Lowest Ask 3754 Sale z/. 48,400 5% conv preferred 50 31,200 Div arrear ctfs 75 Illuminating Shares Co A * Imperial Chem Indus Ltd— 1,900 Am dep rets ord reg ..£1 45,300 Imperial Oil (Canada) „* 4,800 Registered —* 3,200 Imperial Tobacco Co of Can. .5 4,500 Imp Tob of Gt Brit & Irel..£l 4,100 Indiana Pipe Line.. —10 350 Indiana Serv Corp 6% pref. 100 830 7% preferred 100 1,675 Ind'polis P & L 654 % pf— -100 Indian Terr Ilium Oil Co— 1,400 Non-voting class A new 1 1,500 Class B stock new 1 1154 854 3754 Sale . 1,200 300 May 31 Ask Bid 1054 754 854 3 6,800 Horn & Hardart common * 5% preferred 100 i80 750 Hubbell (Harvey) Inc 5 70,200 Humble Oil & Refining.. * 14,300 Hummel-Ross Fibre Corp 5 700 Hussman-Ligonier Co * 3,300 JHuyler's of Del common 1 4,250 7% preferred stamped 100 400 7 % pref unstamped. 100 2,700 Hydro-Elee Secur common—* 11,500 Hygrade Food Prod 5 2,250 Hygrade Syl vania Corp * 13,406 Bid 12 54 7 54 *, . May 1 Ask 12 225 Horder's Inc * 650 Hormel (Geo A) & Co com * 300 Horn (A C) Co common. — 1,475 110 RANGE SINCE JAN. Price Jan. 1 Shares NEW YORK CURB EXCHANGE Since 10 Apr. 25 Mar. 17 Feb. 20 2354 Apr. 11 % Jan. 54 Jan. 1% 23 3 Apr. 14 Mar. 11 254 Mar. 54 Mar. 31 5 4 9 3 154 Feb. 16 25 1954 May 10 654 May 17 20 May 26 654 May 25 Mar. 18 31 19 Feb. 17 2054 Mar. 17 554 Feb. 2 654 May 25 Mar. 11 CURB EXCHANGE YOEK NEW 46 SALES Price NEW YORK CURB In Since May . Jan. 3 EXCHANGE Jan. 1 1,250 1,200 5,900 1,700 7,800 6,550 250 600 1,300 500 500 Bid * 16 Master 1 k Co common...* Electric Co May Hosiery Mills— $4 preferred. McColl-Frontenac Oil 4", 200 15,400 4,375 13,700 Memphis Nat Gas com 2,115 Memphis P & L $7 pref 2,000 Mercantile Stores Co "400 700 1,700 320 100 —5 * 125 2,300 25 400 160 Metropolitan Edison 400 700 IX 38 30X 800 * * 1 1 ,34 1 3,000 ""266 3,350 100 50 600 2,900 10 1 300 2,000 900 Sale H % 7% 7% 3H 634 At Sale 334 434 ,34 . 450 75 " ""700 7",400 7,700 Molybdenum Corp.--Monarch Mach Tool Co 200 1,700 150 10 ^Mountain States Pow "2",200 5,300 "i',206 7,900 7,400 500 2,300 900 25 375 1,500 8.100 18,700 34,100 7,000 1,700 ""706 ' 350 500 3,100 700 Mach com National Service Co... Conv partic preferred National Steel Car Ltd.. National Sugar Refg-National Tea Co 5X% 1,800 10 """600 400 500 3,000 3,100 2,100 50 . 75 200 1,875 25 260 200 1,400 4,700 2,600 1,700 ""300 7334 7034 * --- com.-----* pref.. 100 * pref erred * (Herman) Corp 5 Neptune Meter class A_. Nestle Le Mur Co class A..--* Nevada Calif Elec com...-100 7% preferred— 100 1,025 New England Pow Assn 6% preferred 13,900 $2 preferred 100 660 New Engl Tel & Tel Co 150 18,400 350 10 4,100 800 3,700 Sale 2134 10834 100 "5", 600 200 2,300 53. 12834 May 8 34 May 1334 May 7 34 May 703! May 734 34 8134 Sale 334 334 h i* 8 a 734 134 134 734 2 1 Sale 34 1434 Sale 14 1334 1234 11334 114 48 Sale 112 45 434 434 4 4 \\I 34 Wi 108 12 Sale 4934 434 134 i 5?* 60 62 71 Sale 23 29 23 17 12 31 27 1234 May 5 May 19 834 May 16 2 May 10 134 May 2 1434 May 9 5 8 11334 May 10 May 25 2 49 8 X May 2 Sale 26 5 63 6 434 May 15 5 May 25 X May 2 12 May 2 7134 May 1 2034 May 4 May 1 11134 434 May 31 1234 May 11 May 2 58 134 May 1 May 5 72 May May May May May May May May May 2 26 4 27 25 31 17 25 Sale aVA Sale 134 134 134 17 20 20 25 Sale 27 8 834 8 1334 Sale 334 4 8 Sale 82 8 334 10 434 834 334 634 Sale 634 Sale 86 Sale 834 834 134 Sale 8 4 Sale May May May 22 634 May 18 May 3 May 17 2 At May 8 134 May 81 71 Sale 34 34 534 Sale 10 434 19 Sale 134 May 18 1834 May 3 2734 May 26 8 May 4 10434 May 29 1-334 May 22 134 May 1834 May 25 May 28 8 May 834 9934 May 11034 May 134 2234 4H 48 634 IX Sale 5034 8 Sale 5 57 734 134 134 534 58 734 134 4 May 4 2 634 May 134 May 24 May 29 5 1 18 8 21 31 20 Jan. 534 Jan. 634 Jan. 9 16 7 5 534 Mar. 130* 9 Mar. 27 Mar. 11 Mar. 10 9 54 Mar. 10 734 May 24 6 7034 May 1 Jan. 8 934 Jan. Jan. 25 20 3 934 Feb. 10 1234 May 27 43 234 May 2 2834 Apr. 11 40 Jan. 31 734 May 17 1334 Mar. 10 102 Jan. 3934 Apr. 7834 Jan. 234 Apr. 4 Apr. 34 Jan. 334 Mar. V% Feb. 5 9 11 4 6034 Jan. Mar. 21 13 18 534 Mar. Jan. 12 Feb. 27 9 Jan. 113 k May 10 50 34 Feb. 25 9 Jan. 7834 534 Jan. /3 534 Mar. 22 7 34 Feb. Mar. 24 40 Mar. 28 15 Mar. 11 7234 Mar. 7 4 2034 May 11134 May 27 3 Jan. 8 Mar. 14 igg 9 2* Jan. 80 Jan. 3 23 10 27 2 26 Jan. 23 Jan. 27 Feb. 25 Jan. Apr. Mar. Apr. Apr. 2734 May 26 2334 Jan. *734 Jan. 99 Apr. Mar. 14 9 10434 May 29 11334 May 22 Jan. Mar. 19 1 Apr. Apr. 6 Apr. 934 May 27 Jan. 4 May 9 16 Apr. May 10 534 Apr. 734 May 10 8734 May 27 x77 H Apr. Apr. 66 71 May 17 At Mar. 34 May 12 134 Apr. 134 May 25 334 Apr. 5 May 25 28 2 Apr. 434 Apr. Apr. Apr. 134 Jan. 107 4 Feb. Jan. 15 104 ,1* Jan. Jan. 8 1134 May 55 8 Jan. i! Apr. Apr. , 20 Mar. 8534 Mar. 10 5 534 Jan. Apr. 3 May 234 Apr. 36 Jan. 34 Apr. 44 May 1034 Apr. 434 Jan. 734 Jan. 134 Apr. 69 12 Jan. 6 4 May 25 734 May 12 134 May 6 4 Mar. 1434 Feb. 28 11 20 58 Mar. 14 4 934 Feb. 10 10 Jan. 26 3334 Jan. 23 5 May 3 1134 Apr. 11 87 50 A May 2 134 Jan. 12 5034 Mar. 15 Apr. 19 Apr. 11 34 Feb. 25 29 it* 61 45 ) Sale At May May 112 Mar. 12 90 19 116 34 Mar. 1134 5834 2434 2034 2034 Sale 112 11334 108 434 434 Sale aVA 1234 Sale 1134 Sale Sale 5034 58 5034 134 134 Sale 134 Sale 49 434 May 4 May 34 34 May May May May May 15 May 10 1 34 May 8 44 May 17 1134 May 11 5 May 19 8 May 1 134 May 5 % May 8 14 May 2 4934 1134 Sale 134. 47 50 Sale 8234 May 10 3 34 May 10 3 34 May 5 734 1234 3 34 3734 2 ii 30 20 Apr. 10 534 Apr. 6 334 Apr. 10 434 Jan. 5 34 Mar. 27 12234 Apr. 6 634 Apr. 11 934 Apr. 11 7 May 4 69 Mar. 17 12 34 May 27 41 May 26 7934 May 17 3 May 27 3 May 1 634 734 1134 Sale 334 Sale 3634 3834 34 34 1 1034 May 16 May 23 5 May 3 1134 May 31 234 May 2 3234 May 2 38 4 834 Jan. 334 1434 134 134 534 1 634 May 34 May 1234 Sale 12 40 81 79 14 7 634 34 334 3234 3 11 4 36 May May 29 27 31 24 6 734 May May 4 11 9 100 class B__5 Class A preferred 100 100 41,300 Niles-Bement-Pond com __...* 500 Nineteen Hundred Corp B...1 16,700 Nipissing Mines .........—5 For footnotes see page 3 16 1 734 May 17 1234 May * 9 Sale 7 1234 1134 3134 Sale Sale * Founders shares. ..... 5,900 5 12,100 New York Transit-N Y Water Serv 6% pref...100 1,020 10 239,600 Niagara Hud Pow com 5% 1st pref.. 100 5,325 5% 2d pref —100 160 Class A warrants 18,800 Class B warrants 7,400 23,200 Niagara Share Corp 434 May 534 May 434 May 1534 Jan. 24 109 Jan. 10 134 Jan. 534 Jan. Mar. 31 23 Mar. Apr. 334 Jan. Apr. 234 Mar. Mar. 28 634 Mar. Jan. 19 152 Apr. 25 17234 May May 2934 Jan. 27 32 2834 Jan. 2434 Apr. 4 7 534 42 534 Sale 534 Sale 34 34 10,100 24,100 New Jersey Zinc—_ — -—25 18,600 New Mexico & Ariz Land—-1 10 18,600 Newmont Mining Corp 7% preferred N Y Shipbuilding Co- 34 May 334 May 23 Sale Sale 734 1334 11 40 9 39 5 111 Sale 4534 48 103 com.—* 1,360 100 534 12 734 Sale 134 234 1 134 1334 1434 3,600 New Haven Clock Co New Idea Inc common...---* 270 1,400 434 634 9 534 634 At Sale 45 60 Sale 100 Co common Co common— 2 4 34 May 34 34 1 234 18 5834 1234 com. 170 700 600 29 Sale 1st Nelson 500 New Process 1,500 N Y Auction 27 8 Sale 5 6,700 N Y City Omnibus warrants 10 5,000 N Y & Hond Rosario M 5,500 N Y Merchandise Co com-.10 N Y Pr & Lt $6 pref --* 830 100 . 13 3534 40 634 7 1234 Sale 334 Sale 30 3334 May 10 May 17 May 17234 May 31 15234 May May 20 31 May 15 32 27 May 18 27 May 18 Sale 434 7 434 May 2 25 Jan. Jan. 34 Apr. 7 Apr. 12 Mar. 134 Apr. 37 Jan. 80 Apr. 115 Jan. 334 Feb. 934 Apr. 8 Sale Sale 1134 12 834 1 Oil Co JNebel (Oscar) Co 134 7* 5$ 4 J4 12 National Transit —12-50 National Tunnel & Mines * National Union Radio com—1 660 Nebraska Power 7% 10,800 Nehi Corp common Sale May 29 20 20 21 6 334 Feb. 24 8 12 12 34 May 29 May 534 Mar. 8 1 Mar. 21 93 334 May 24 May 18 334 May 16 May 10 134 May 13 134 May 22 Sale 134 27 434 3$ Sale Nat Rubber 900 ""ilO it* 7 Sale 2434 12 8 * * preferred National Refining com Navarro 834 Feb. 3 116 7034 May 5,500 Nat Manufacture & Stores—* 4 8,400 National Oil Products... National Power & Light— $6 Sale 22 2 2 11 124 $3 conv preferred--------50 19,800 National Container (Del). — 1 44,700 National Fuel Gas... 2,300 23,400 2,200 2,100 8,150 11,400 134 134 634 15234 934 Sale 2,750 20,825 4 com--* Springi'illed Corp..* 300 1134 19 3 34 334 1234 334 234 11 534 5 May 115 '634 Sale 8 4,700 334 Apr. 27 34 Apr. 8 534 Apr. 10 3 134 May 27 5034 May 8334 May 23 47 90 86 162fA 18°& 16,300 Nat Automative Fibres com.-l ---1 38,300 Nat Bellas Hess com National Breweries com * * """166 National Candy Co com -1 6,100 National City Lines com 500 434 May 34 May 734 May 1 95 534 Apr. 1434 May 16 9934 May 27 134 May 8 May 23 1134 134 Sale 4934 Sale 134 47 3934 40 2834 3834 11 300 Nachman % Feb. 28 11 At Feb. 17 234 Jan. 7 May 134 May 27 May 3 8334 May 23 Sale 12 134 4634 7 11 25 At May 12 4 May 24 1 1434 May 17 May 8 134 May 16 734 May 134 34 14 1 9334 Apr. 8 34 Jan. 24 34 Mar. 20 15 534 May 29 98 32 360 Mountain Sts Tel & Tel.-.100 ---* 5,600 Murray Ohio Mfg Co 2.50 8,100 Muskegon Piston Ring --* 150 Muskogee Co common 6% preferred 100 20 70 600 10 234 634 134 5H Utilities.--10 98 28 11 234 Apr. Sale 534 Jan. Mar. 634 Jan. 77 Jan. 34 Jan. 34 May 17 234 May 25 36 May 19 10 21 Feb. 20 136 May 16 54 Jan. 4 234 Jan. 4 8 Jan. 9 34 Jan. 9 4 May 24 % May 34 May 334 May 20 34 May 29 634 May 1434 14 134 734 34 734 Sale 2 7% A pref 100 tMoore (Tom) DistUlery Co.-l 600 Mtge Bank of Col Am Shs___91,850 Mountain City Copper Co..5c 26,500 Mountain Producers Corp—10 . 25 25 31 26 334 234 334 1434 100 97 20 Monogram Pictures com. 1 Monroe Loan Society cl A—-1 cVA 12 5X Sale Sale 1 com-* 2~,906 """ 2 3 34 May Sale 34 Sale 634 734 3 34 Sale Sale 234 15X 7,070 Montgomery Ward & Co A--* 4,000 Montreal Lt Ht & Pow com..* 1,375 Moody's Investors partic pref.* Moore Corp Ltd --* "2",040 334 Apr. Apr. 334 Apr. 58 Apr. 34 May At J an. 1 Apr. 3234 Apr. 27 34 May 20 34 May 17 234 May 25 36 May 19 1 1 2 1 May 6 534 May 26 May 15 Sale Sale 34 6 34 4X 14X 600 Montana Dakota 434 May May 434 May 62 May 27 34 May Sale 534 Sale 4H * $2 conv pref Midland Steel Products— 45,700 2,900 44,400 2,700 3,100 9934 May 19 1634 May 29 34 May 34 34 34 Sale 'At a 534 34 334 2-50 $2 non-cum div shares * Sale 103 4,925 Midvale Co 2 50c 2,100 Mid-West Abrasive Co Sale Midwest Oil Co -----10 19,900 1234 11 200 Midwest Piping & Supply Co.* 2 IX * 900 Mining Corp of Can_._4034 39 X 21,150 Minnesota Min & Mfg Co..--* 140 Minnesota P & L 7% pref--100 100 810 Miss River Power pref 3 334 2,800 Missouri Pub Serv common. .* 1434 14 15,900 Mock Judson Voehringer. -2.50 200 40 36 34 1,800 200 34 May 34 May 134 May 35 May Sale 234 34 23* Apr. 8 234 Jan. 4 17 Jan. 4 9 Apr. 10 Mar. 10 125 Jan. 28 149 4 Feb. 8 334 Jan. 30 86 Feb. 10 9934 May 19 14 Apr. 19 2034 Feb. 20 134 May 26 1134 May 31 May 3 May 29 May 17 148 4 May i0 3 34 May 2 434 May 27 May 1 4 May 3 62 May 26 4 1 10 434 Feb. 2 137 9834 May 11 15 May 1 17 13 234 May 12 Co— Class * 22,400 Class B vot trust ctfs * 22,500 38,300 Middle West Corp common.-5 Midland Oil Corp— 200 5434 Apr. 17 25 'At Sale IV* 134 3234 35 Sale X 1 Petroleum— A vot trust ctfs 900 May 29 4 k Sale Middle States 2,900 5,000 53 Sale 34 common.....* 2,500 Michigan Sugar Preferred 2,800 1,200 4 334 334 53 34 May 29 Sale 64 - $6 preferred 2,200 Mexico-Ohio Oil Co 19,700 Michigan Bumper Corp 33,500 Michigan Gas & Oil Corp 2,300 Mich Steel Tube Prod 2,700 1,900 ~4X Sale May 29 I(T~ "18" 434 Sale 4 25 434 Feb. 8 1434 Apr. 13 Mar. 2 5 Jan. 7 234 May 25 734 Jan. 5 1834 Jan. 4 Apr. 15 9 134 May 10 148 Sale 4 9634 Sale 234 May 12 2 34 May 25 534 May 29 18 May 15 134 Sale 134 1134 334 334 15 5X AH 534 1734 146 133 1534 May 16 234 5 134 1034 134 1034 93 25c 15 50 ""800 Sale Prices May 9 May 12 May 19 May 19 May 1 1534 2 34 2% 434 y 17 Sale 129 16"" "l7H --- 75,200 Mesabi Iron.. 4,300 Metal Textile Corp com Participating preferred 320 32,300 3,100 334 234 434 16 2 Sale 16X 17 130H 133 3 H Sale 1 5,900 Merchants & Mfrs class A Participating preferred . . . . * 1,275 * 37,100 Merritt Chapman & Scott 6 X % A preferred 100 1,750 Common stock pur warr'ts 2,000 100 aVA Sale 1534 234 2Vs 16 1534 234 234 434 19 Sale 2H 4% Ltd-100 McCord Radiator & Mfg B_.* McWilliams Dredging com—.* Mead Johnson & Co com * 2,600 Highest Sale Prices 53 Margay Oil Marion Steam Shovel com. Mass Util Associates vtc Massey Harris Lowest Sale Prices Sale Prices Ask 1 534 3 Ask Bid Bid Ask Par Highest Lowest May 31 1 May 1939 STOCKS (Continued) Shares Shares 100 1 RANGE SINCE JAN. PRICES IN MAY AGGREGATE 8 8 20 27 25 10 8 8 4134 Apr. 10 Apr. 20 May 24 1334 434 2234 934 II* 2*' 4 1 8 Mar. 10 Jan. Jan. Feb. Mar. 15 Jan. 3 Feb. 6 Jan. 4 634 Mar. 10 9034 Mar. 10 6434 Mar. 9 Mar. 31 1 Mar. 2 June, 1939] NEW YORK CURB EXCHANGE 47 AGGREGATE SALES PRICES IN MAY NEW YORK CURB EXCHANGE Since Jan. 1 May 1 1939 Shares n 13,200 39,700 7,050 5,400 3,300 1,535 2,900 1,800 10,300 2,000 1,380 4,000 49,704 7,100 9,100 3,820 3,525 2,000 2,180 STOCKS (<Continued) NomaElec Corp Nor Amer Lt & Pow com * North Amer Rayon cl A__ _* * common 6% prior preterred North European Oil 21 50 Nor Amer Util Sec com North Cent Texas Oil ,..5 3* May 31 Ask Bid 4% IX Sale Sale 4 61 14 X 14 16 17 J* 3 10 25 Northwest Engineering Novadel Agene Corp * 12 16 29 * * Ohio Brass class B 4% Ohio Edison $6 preferred * Ohio Oil 6% pref 100 Ohio Power 6% preferred--100 550 Ohio Pub Serv 7 % 1st pref. 100 230 6% 1st pref 100 900 Oilstocks Ltd common 41,900 Oklahoma Nat Gas com 25 100 38 100 1 Oliver United Filters B 8 % 11X 37 41)4 102 94 1)4 Sale 1)4 5M Sale Sale X 3 34 4s 4 934 Sale Sale 5 2% As 88% 96% 5% 74 4 May 16 4 Apr. 10 54 Feb. 7 1% Jan. 16 53 Mar. 31 65% Feb. 16 May May May May 6 May 9% May 17% May 34 May Sale 17% 18% Sale 34 May 22 10 5 31 25 16 25 25 31 3% % 93% 99% May 11 May 9 May 19 May 1 May 3 17 May 17 29% May 4 64 9 714 17 29% 13% Apr. 19 Apr. 8 22% Jan. 15 42% % 2% %6 81 4 21% Feb. 28 May 22 Apr. 6 May 22 Jan. 9 Apr. 11 47 Jan. 18 1% Jan. 5 4 Feb. 9 % Feb. 14 94% Mar. 11 87% Apr. 13 100% Mar. 9 6 6 4% Feb. May 16 6% Apr. 11 12% Feb. 6 15 Jan. 25 20% Mar. 16 24 Apr. 10 34 May 31 16% May 26 18% May 10 16 Apr. May 8 105% May 31 97% Apr. May 24 111% May 9 107 May 113% May 1 114 May 18 zlll%Feb. 108 May 2 109 May 4 104% Jan. 103 May 4 103 May 4 97 Apr. 9 9X 84 8% Apr. UX 134 Sale 11% May 17 13% May 25 8% Apr. 38 43 Sale 38 43 May 2 May 31 35 Apr. 99 X 1064 106% 99 May 16 105% May 29 96% Apr. Sale 14 Sale 1% May 4 1% May 1 1 Apr. 5% 2% * 45 24 31 25 31 31 4 99 X 100% 105** Sale 110X 112 104** 106 113** Sale 9)4 10 12 % Sale 15 50 Sale Sale 2 15% May 16 May 42** May May May May May May May 9A X 28 30 110% 111% 5 100 Sale Sale 9 44 1% 61% 17% 17% 18 17** Sale 5)4 7% 15% 5 May 16 May 1 3 45 4s Highest Sale Prices 53 4 May 16 X Lowest Sale Prices Sale 43% % 42 X Highest Sale Prices 4 44 14 14 54% 4H Lowest .--100 Nor States Power A 4,650 $3 preferred 1,125 Conv 6 % prior pref 13,400 Oldetyme Distillers 1 Sale Prices Ask 53 23 1 100 com Bid 45% 47 4 Sale * Nor Ind Pub Ser 6% pref 7% preferred Northern Pipe Line Ask BX 5% 1% Sale 61% 62)4 21% 23 1 $6 preferred Class B Co id Par 1 com-, RANGE SINCE JAN. Price Jan. 3 26 102 Jan. 105% 112% 114% 111% 107 105 9% 13% 43% 105% 1% 4 Mar. 10 Jan. 24 Apr. 5 Mar. 4 Mar. 16 Jan. 4 May 25 Mar. 9 May 29 Jan. 19 Omar Inc— 1,400 Formerly Nat Bak Co 5,100 Overseas Securities Co 1 * 300 Pacific Can Co common * 45,800 Pacific G & E 6% 1st pref.--25 10,500 5%% 1st preferred 25 3,500 Pacific Ltg Corp $6 pref * 740 Pacific P & L 7% pref 100 1,700 Pacific Public Service * com 800 1st preferred 125 Page-Hersey Tubes com Pantepec Oil of Venezuelae 315,300 American shares 300 Paramount Motors Corp * "500 7)4 11 32% Sale 107)4 1 9% 324 29% Sale" 7% 3% 11 Sale 78 81 83 5)4 184 5X 20 54 204 7% Sale 3% 3 16 4% 3)4 Sale 3% 85 8)4 9 5% 34 35 14)4 39 7)4 35 X 8% % 1 64 21 * * 3 3X 98 % 50 20 166 * 73 100 * Sale' Sale 74)4 Sale 9 X 6% 38 10 38** 84 8j 40 91 27 )4 Sale Sale 17& 1 50 Pleasant Valley Wine Co 1 * Plough, Inc.. Corp Ltd—10 25c 8,300 Potrero Sugar com 24,900 Powdrell & Alexander com 350 Power Corp of Can com First preferred 70 5,600 Pratt & Lambert 22,000 Premier Gold Mining 64 Sale 8% 8 Sale 4*4 Sale 58% 3% 97 139 79 79 Sale Sale 35 2X 40 "~4t ~"X 4*4 Sale 6X 7 6X 7X 92 98 Public Service of Clorado— 70 Sale 22" 25 24 27 7% Sale 5 9% 54 54 Sale 6 24 3 % 19% 11 2*4 Sale Sale 13 4 3% 4% 20** 11% 4 Sale Sale 22 12 24 4s 24 2 4 Sale 6 6 74 Sale 84 8 Sale 74 504 6% 91** 53 52% Sale 6% 93** 100 1 Sale 1 74 Sale 54% 7% Sale 8 1% 9% 1% 2 34 Sale^ 1% * 100 800 Quebec Power Co -_* 2,600 Railway & Light Securities—* 400 Rys & Util invest cl A com_.„l Raymond Concrete Pile— Common-. —-* 6.850 $3 conv pref * 1,150 —50c 2,200 Raytheon Mfg com —* 6,400 Red Bank Oil Co * 8,300 Reed Roller Bit Co.. 3,600 Reeves (Daniel) com * 9,200 Reiter Foster Oil Corp——50c .—5 2,500 Reliance El & Eng Co 1 16,100 t Reynolds In vest com.. ._* 2,600 Rice Stix Dry Goods Co 1 25,000 Richmond Radiator com Rio Grande Valley Gas Co— Voting trust ctfs 1 4,600 see pege 53. 33% Mar. 13 30 9% Mar. Jan. Jan. 101% Mar. Apr. Jan. Apr. 16 14 20 Mar. 28 Apr. 12 74 Apr. 11 Jan. 24 % Apr. 1% May 6% May 34 May 58 May 3% May 99% May 105 May 140 May 1% May 25 8% May 31 36 May 29 60 May 27 3% May 11 103% May 23 107% May 12 151 May 25 77% May 25 61 % May 71 25 25 May 20 7% May 5% May May 29% May 3 May 3% May 19% May 11 May 80 May 4 May 31 May 20 9% May 31 5% May 24 May 19 30% May 25 4 May 29 4% May 26 22 May 29 11% May 17 118 4 2% May 5% May 42% May 74 May 48% May 6% May 93 May 1 May 7% May 24 74 42% 8% 54% 7 100 1 8 May May May May May May May May May 4 31 24 9 24 31 1 3 1 % May 29 1 % May 8 36 60 18% Sale 16% May 1% May 19% May 25 14 May 4 18% 1% 35 40 35 7% As 8% 4 34 74 7% 4% 5% 96** 100 74 At 3% 8 5% 99 Apr. 19 2% Feb. 28 Jan. Jan. 3% May 92% Jan. 135 5% Jan. 30 May 23 May 12 Jan. 5 Jan. 26 107% 167 16 84% Apr. Feb. 74 58 Jan. Apr. 23% Apr. 7 5 19 May 29 May 27 4 103 Jan. Mar. 7 Mar. 11 75 27 Feb. 7 Jan. Feb. Feb. Jan. 4 May 6% Jan. Apr. Apr. 16 16 £10% 7% 118% 30% 118 May 29% Apr. 2% Jan. 2% Apr. 16 Apr. 10 Apr. 29 Jan. 4 4 29 19 20 18% Feb. 23 2% Apr. 5% Apr. Apr. 6% Apr. 47% Apr. 6 Apr. 90 Apr. % Jan. 7% Apr. 40 Sale % 3% 8* Sale 5 May 17 May 12 May 23 May 6 May 2 74 4s 3% 8% 6 May May May May May 31 12 15 13 31 117 1 102 8 105 6 Feb. 7 2% Jan. 3 4% Jan. 4% Feb. 12 Mar. 9 102 Apr. 21 Mar. 6 Jan. 17 40' "Feb. 21 10% Mar. 1 2 % Mar. 5 5% Jan. 8% Mar. 8 23 Mar. Apr. 4s Jan. 3 Apr. 7 4 4 Mar. 7 Mar. 16 9% Jan. Feb. 9 7 3 20 Jan. 12] 64 j J an. 8 ~ Jan. 3 36 7% 4s 3% 7% 2% Jan. 74 May 31 Feb. 1 43 41 As Apr. Apr. Apr. 101% Apr. 16% May 1% Apr. % May 2 4% May 15 10% May 31 17% 1% 2 1% May 4 May 3 4 May 10% May 31 16% 1% % Mar. 10 53 4 4 4% Sale 4 Jan. 3 Mar. 16 Mar. 9 39% Feb. 7 12 Feb. 2 32% May 18 Apr. 1% Apr. 5% Apr. 31 Apr. 98 9 7% Jan. 3 3% Mar. 13 35 29 3 Mar. 10 108% Jan. 11 Mar. 85 8 7% Mar. 10 21% Mar. 11 2 Sale Jan. 5 Apr. 94% Jan. 7% Mar. 10 100% Mar. 9 Sale Sale 48% Sale 53% Sale 15 X Sale 18 Sale 18% Sale 50 Sale "I'X "6H 34 4 4% "4)4 "1*4 '44 6 6% 118 150 16X 11 Sale 111 113 155 150 150** 151% 17 18** 17X 16 117% 118 Sale May 18 105% May 10 108% May 4 109% May 16 47% May 18 53% May 31 28% May 25 29 May 4 104 Apr. 18 195% Apr. 27 107 Feb. 20 109% May 16 44% Jan. 13 60- Mar. 3 26 Apr. 11 35 Mar. 8 99 96% May 4 104% May .20 105 48 30 150 1,690 Quaker Oats com. 6% preferred 1,580 Apr. Apr. 4% Apr. 11 3% Mar. 13 11 Apr. 17 8% Apr. 27 8 100 $7 part preferred 20,900 Puget Sound P & L $6 pref—* $5 preferred --* 19,375 300 Puget Sound Pulp & Timb—* 200 Pyle-National Co com 5 .10 2,400 Pyrene Mfg...— 7% May 27 4% Mar. 13 c Public Service of Oklahoma— 6% prior lien pref 380 100 7% prior lien pref... jPublic Util Securities— 38% May 25 9% May 15 32% May 18 10% 2X 100 100 * * May 29 May 17 May 19 May 5 23 Jan. 15 At Sale 4X * ..* 4 1107** Sale 146 4 150 78 100 com Sale 133 2% Sale 5 5 1 4,300 Pressed Metals of Amer 4,900 Producers Corp 25c 7,600 Prosperity Co B common 1,825 Providence Gas Co 16,300 Prudential Investors com— $6 preterred 1,100 : 7,860 Public Serv of Ind pr pref $6 preferred 5,655 2*4 Sale 34 99% 3% 11)4 Sale 6% 3% 13% 9% 4 14 Sale Pitts Metallurgical Co 19 10 19X Pittsburgh Plate Glass com.-25 108 X Sale 6% 1st preferred 7% 1st pref erred 4 24 14 64 Sale 7 Sale 1 Pittsburgh Forgings Co 100 Prentice-Hall Inc % 2X Sale 74 50 14,700 Polaris Mining Co Far footnotes 38% May 25 8% May 5 30% May 2 118 25,500 Pitney Bowes Postage Meter.* 180 4% May 1 3% May 17 12 May 6 9 May 3 4 9 Sale 69 25X 31% 28% 104% 68% 5% 20 99 4 2 Jan. 15 7% 2)4 2% IX Sale 8)4 Sale 5 2% Apr. 14 8 Sale 13% * Pitts & Lake Erie RR 7% May 27 2% May 16 32% May 33 5 May 26 29% May 16 30 May 12 May 2 107% May 4 80% May 8 83% May 27 Sale * 325 Pitts Bessemer & L E RR 6% May 19 2% May 16 106 7)4 21)4 -_1 Pines Winterfront Co 34,700 Pioneer Gold Mines Ltd 140 9)4 Sale Sale 70 29,100 Pharis Tire & Rubber Co 5,700 Philadelphia Co com ...* 125 Phila Elec $5 div preferred---* 2,425 Phila El Pow 8% pref 25 23,400 Phillips Packing Co * 98,800 Phoenix Securities common—1 12,000 $3 conv preferred A 10 * 10,500 Pierce Governor Co com 110 32)4 29** 74 2% 67 2.50 1 com.. 250 Pneumatic Scale 7 7)4 3% 6% 20)4 Penn Mex Fuel common—50c 137,900 Pennroad Corp com 29,400 Pa Cent Airlines com 75 Pa Edison Co $2.80 pref 300 $5 preferred 3,400 Pa Gas & Elec class A PaPo*v& Lt $6 pref 1,820 6,525 $7 preferred. 875 Pennsylvania Salt Mfg 225 Pennsylvania Sugar Co. 11,850 Pa Water & Power 2,875 Pepperell Mfg Co 33,600 3,740 4,200 29,400 3,700 6,400 Sale —-.100 500 Penn Traffic Co 600 Perfect Circle « _1 1,150 Parker Pen Co 10 5,300 Parkeraburg Rig & Reel Co--l 110 Patchogue Plymouth Mills—* 1,250 Pender (D) Grocery cl A * Class B 14,600 * 2,400 Peninsula Telep Co com * 7% preferred 3% 93 101 4s May 13 17% May 23 45% May 18 4 May 22 8% May 8 5 May 8 115 May 10 117% May 29 148% May 2 152 May 15 9% May 15 12** 13% 39 Sale 38** 1% 2% 26 27% 5% 6% %' As 10 10** 4 As 4 44 24 3 1% 2% % 4 14% Sale 1% 2% 26 6% % 9% % 34 2% % 4s May 13 19% May 10 May 29 May 22 8% May 8 6% May 26 50 4 18% Sale 36 May 16 May 11 1% 2% 27% 7 Sale 10% 4s 4 Sale At 9% May 12% May 1 37% May 15 1% May 11 39 26 26% May 5 May 16 14% May 26 May 31 1% May 11 9 % May May % May 4 May 2 May 11 16 9 10 22 % May 19 % May May 4s May 4 May 2% May 10 24 99% Mar. 8 31 106% Mar. 10 4s Jan. 14 18 Jan. 14 34% Jan. 12 4 May 22 6% Apr. 8 4% Feb. 11 % Jan. 21 25% Mar. 11 58% Mar. 13 5 12 9% Apr. At Feb. 26 Jan. 19 12% Mar. 4s Feb. 12 Apr. 8 35% Apr. 8 1 Apr. 10 2% Apr. 10 25 Apr. 11 Jan. 24 11 % Jan. 30 16 13 9% Apr. 11 % Feb. 4 Jan. 41 Mar. 11 2% Jan. 5 4 17 Jan. 4 4 31 % Jan. 2 12% Mar. 7 33% Jan. 7 Jan. % Jan. Mar. 31 5 1% Apr. 11 4 % May 19 9 9 21 6 10 3 4s May 26 Jan. 6% May 26 108 Apr. 10 123 Mar. 13 148% May 22 158% Jan. 28 16 Mar. 31 18% Mar. 10 5 10 Jan. Jan. Jan. Jan. 3 18 5 4s May 26 EXCHANGE CURB YORK NEW 18 AGGREGATE NEW YORK Since Jan. 3 Jan. 1 Bid Par STOCKS (Concluded) 975 Rochester G & E 6% pf Ask Lowest Highest Sale Prices Sale Prices 114 15% 15 * Jan. Feb. 23 102 Feb. 3 Apr. 14 112 15 13% Mar. 30 Apr. 14 Jan. 4 .... 12% 15 Apr. 21 104 99% May 25 112 110 117 110 12 96 100 100 6%% 1st pref- 10 900 Roeser & Pendleton Inc Highest Sale Prices 98% May 17 D._106 6% preferred C —100 Rochester Telephone Corp— 150 Lowest Ask Ask Bid Bid Sale Prices May 31 May 1 1939 Shares 15 Rolls-Royce Ltd— Am dep rets ord reg £1 Rome Cable Corp common—5 100 13.000 5,900 11,700 1,400 4,300 900 200 1,500 "300 3,900 62,800 1,500 6,800 6,800 3,750 6,000 200 500 2,400 300 600 10,900 94~, 300 125 750 1,500 800 ""ioo 2,400 90 100 1,112 3.100 300 10,100 850 9,800 950 400 500 5% 2.50 Rustless Iron & Steel Corp. 1 $2.50 conv pref * Ryan Consol Petroleum * Ryerson & Haynes Inc com 1 Safety Car Heating & Ltg * St Lawrence Corp Ltd * A $2 conv pref 50 St Regis Paper Co 5 7% preferred 100 Salt Dome OilCo 1 Russeks Fifth Ave Inc 12 _ _ . 40 3 Sale 10% 1% % 10% 22 Sale 17 18 18 10% * 29% 1 * * 6% Sale 33 1 9% May 12 18% May May 10 May 17 1% Sale % 7% % 7 5% 60 57 62 67 56 60 62% 68 56 Sale Sale 58% ""600 "5",500 22,500 2,800 1,500 2,525 163,700 35,700 4,800 17,425 200 2,800 400 200 200 20 75 1,200 2,000 600 400 4,200 2.000 370 600 90 """loo 500 ""800 Shawinigan Water & Power..* Sherwin-Williams Co com 25 May 13 May 2 May 4 May 4 6 May 25 56 May 3 58% May 25 52 54 4,200 ' ""200 l",806 300 4,200 "i",666 8,900 6,650 700 900 350 100 5,800 1,300 1,400 250 3,700 100 150 4,400 1,800 35,100 25 6,100 '""800 — 500 3,700 900 100 350 1,100 5_,200 400 700 "~ioo 100 1,800 6,800 1,200 5,800 9,000 11,300 5,900 30,075 5,625 4,400 4,200 4,300 & Acid Works Stein (A) & Co com 5% 2d preferred Sterling Aluminum Prod Sterling Brewers Inc Sterling Inc Stetson (John B) Co com Stinnes 28% Sale 27% 27% 42% Sale Class B common 2 12% 1% 1% 1% 2 Sale 1% 1% 1% 2 May 11 Sale 12% 11 21 May 11 2% 5% 18% 92 May 31 83 May 1 6% May 5 4 108% 10% 113% May 15 53. Jan. 11 28 27 Mar. 10 13% 1% 1% 32% % 8% Jan. 5 Jan. 3 Feb. 17 Feb. 28 Jan. 7 Mar. 29 Apr. 4 15 1 Jan. Apr. Jan. Apr. Apr. Apr. Apr. Apr. 1% 1% 4 4% 4 4% 1% 2% 1% 2 29% Sale 28% 29 43% Sale 1% Sale Sale 29% 28% 27% ""1% "2" 52 54 150 50 152 145 70 9% Jan. 20 31 5% Jan. 3 Jain. 6 3% 4 3% 4 2% 1% 1% 1% 6% 5% Sale 29% Sale 18 19% 5% 29% 33 100 1 1 1 Sale 3 % 3% 1% % 2% % 16% Sale 21% Sale 1% 11% 2% 13 12 Sale 17% 6% Sale 6% 19 20 104 Sale 101 1 % 1% 9% Sale ft % 22% Sale 2% 2% 18 22% Mar. 10 8 113% Mar. 13 13 115% Mar. 7 12 14 Jan. 5 % % % 2% % 2% Sale % 15 15% 21% Sale 1% 1% % 28% Jan. 3 27% Jan. 27 40 Apr. 11 1% 1% 9% 10% 7% 17% 9% 8% 18 18% 104 105% H 6% 17% Jf % 7% 7% % > 25% Sale n 1% o 3% 1% 6% 29% 19% 5% May 1 28% May 9 19 May 10 29% May 26 19 May 10 22 1% May 1 3 Sale % 39% Sale 1% Sale 10 May 15 May 9 24 9 31 11 5 10 31 27 31 31 2% May 2 7% May 27 18% May 3 8% May 18 18% May 6 2 105% May May 8 8 May % 10 May 21 May 5 25 8% May 2 7% May % May 11 25 May 1 May 40 1% 3% Sale 1% May 10 Sale Sale * * 100 * 11% 12% 10% 12 11 106% 106% 105 3% 3% 2% 3% 10% "3% "4% 6% 2% 3% 5% 1 9 * 9 .„* 15 May 25 17 Jan. Apr. 11 May 12 3% May 22 May 9 6% 2% 38% 43% Sale 3% 3% Sale - 1% 10% Sale 4% 2% 2% 5% % 8% 6% Sale 2% 3% Sale 1% 9% 7% Sale % 1 8% 9% 7% 8% 10 10% 6 11 Sale 9 2 2 Sale 33 35 36 38 38 39% 41% 42% Sale 12 1% 4% 2% 2% 5% % 8% 6% 5% 2% 3% Sale 5% 2% Sale May May May May May May May 15 29 11 6 22 May 11 3% 3% 31% Sale H % 3% 31% % 16$ Sal?' May 31 2% May 8 35% May 16 41% May 26 May 17 28% May 10 % 6 1 % May 23 33% May 2 40 May 18 4% May 26 3% 31% 9 3% May 31 % May 22 8% May 17 8 May 29 "3% "4% a Qolo 5% May 29 2 % May 27 18 13 1A 3% May 22 May 9 31 3 j % May 11 % May 1 16 May 27 May 11 4% May 26 3% 32% % % 17% May 2 May 3 May 5 May 11 May 10 Jan. 3 18% Mar. 11 i°i$ May 6% Apr. % Apr. 15% Apr. Apr. Apr. 5 1% May 10 fe 5 Jan. % May 8 Apr. 6% Apr. Apr. Apr. 1) 31 Apr. 36 42 Apr. 4% Jan. Jan. 21 Feb. 18 Feb. 8 Mar. 14 8% Feb. 20 6% Jan. 5 3 Feb. 4 4 Jan. 5 7% Feb. 27 14 6 9% Jan. 3 9% Jan. 11% Mar. 14 Jan. 6 2% Feb. 3 38% Jan. 45% Mar. 14 Mar. 42 Apr. 4% Apr. Mar. 31 May 10 May 11 % Apr. 8 14 Mar. 31 28 9 24 Apr. 13 3 Jan. 14 Jan. Jan. Apr. Apr. Mar. 6 4 6 Mar. 11 May 31 2% Apr. 7% 4% 2% 2% Feb. Jan. Feb. 2% Jan. May Mar. 28 21 10% Apr. 21 21% Jan. 12 Feb. 23 Apr. 10 13 21 12 21 10 16 Jan. 12 Mar. 28 Mar. 14 Jan. 9 2% Jan. 12% Jan. Apr. 105 31 * 1 1 50 25 * 10 105 50 -.26 3% % 17% 23% Feb. 102 Jan. 3 May 9% May May 17% Apr. 6 Mar. 10 ft Mar. 21 7 2% Apr. 10 1% Mar. 31 % Mar. 28 14 Apr. 10 20 Apr. 8 14 26 1 ft Jan. % May 31 1% May 8% Mar. 10 14 2 31 25« 28 Feb. 2% 6% Jan. 12 34% Mar. 11 19% Mar. 28 1% May 9% May May c Sale 17% May 8 7% May 7% 17% May 18% Sale May 104% 105% 104 % May % % May Sale 3 Mar. 4 5% May 1 27% Apr. 11 18% Feb. 11 8 9 18* Mar. 30 55 6 27 152 May 10 16% May 23% May 1% May 29 Feb. 7 Jan. 17 6 2 2 Sale 31 Mar. 21 3% Jan. 27 1% Apr. 3 10 Mar. 2 15% May 21% May 9% 29% 28% 43% 1% May 19 May 25 2 % May 17* 3% 1% 5% 2% 3^ l6A ft May 31 2% 2% 23 Jan. L48 May 19 May 25 2 Jan. 3 Mar. 11 Jan. 9 Jan. 6 a9% May 2 10 1% Feb. 17 3% Apr. 11 1% Apr. 1 1 % May 42 Jan. 3 6 92 29% May 31 28% May 29 43% May 31 1% May 10 55 May 27 1% Apr. 10 4% Apr. 26 May 24 3% Jan. 84% Jan. 2 May 24 2% May 22 1% May 1 % 16% 22% ft Feb. 6 13% Jan. 21 6 May 9 May 3 May 8 May 31 May 19 ft Sale ft 2 9 1 20 a9 % May 50 9 ft May 8 a9% May 2 2% May 25 1 % May 26 4% May 11 1 % May 3 28% 27 % 41% 1 % 9 16 % Feb. 8 2 3% May 19 1 % May 22 2 May May 2 3 9 Mar. 2% Feb. 1% Apr. 11 3 Jan. 1% Apr. 10 Jan. 170 Apr. 10 219 157 5% 1 2% 1% 2% 1% 2% 2 4% May 92 4 9% Jan. 69% Mar. Apr. 11 12% May 31 aA Jviay 1% May 22 1% May 15 1 % May 26 May 1 177% May 27 180 4% May 2 May 24 3% 1% 32% 5 90 43 142" 155"" 1 ..* 1 Taylor Distilling Co 1 Technicolor Inc common.....* Taggart Corp com..... Tampa Electric Co Tastyeast Inc class A For footnotes see page 1% (Hugo) Corp...'.., Stroock (S) & Co Inc Sullivan Machinery Co 4 Jan. 6 Standard Wholesale Phosphate 500 Swan-Finch Oil Corp 21,900 18,350 3,800 14,800 82,400 $ 9 8% May 27 5% May 19% May 88 May 111 May a9% May Sale Sale 5% 2% 2% Co....5 400 Sunray Drug Co com 71,200 Sunray Oil 5%% conv preferred.. 3,500 10,900 Superior Oil Co of Calif 50 Superior Portl Cement A 175 92 3 Sale 3% 1% 5% * Standard Silver Lead 6 %% preferred 6,100 Sterchi Bros Stores Inc 6% 1st preferred 250 250 '"800 Sale 84% $7 preferred Standard Products Co. Steel Co of Canada ord 75 Sale Sale 20 19% 88 180 Class B common 30 """loo 2% 1% 1 * 41,500 Starrett (The) Corp vtc "~l",306 12% 16 5% preferred Standard Power & Lt com Standard Steel Spring Standard Tube class B 19 3 $1.60 conv preferred.. 20 Stand Invest $5 % pref w w—* Standard Oil (Kentucky) 10 Standard Oil (Nebraska) 25 Standard Oil (Ohio) com 25 2,075 34,600 2,200 1,950 19,100 13,700 89,200 2,700 1% Jan. 11 Feb. 25 _ Common 5% 86 10% Spanish & General Corp Ltd Am dep rets ord reg shs—£1 Am dep rets ord bear £1 Spencer Shoe Corp * Stahl-Meyer Inc com * Standard Brewing Co * Standard Cap & Seal com 1 Conv preferred .10 Standard Dredging Corp— 4,400 1,010 3,750 38,500 7,500 12,400 21 Sale Sale 6% 3% 5% Sale ft May 3 May May 7 * 14,800 South Penn Oil 500 So West Pa Pine Lines 300 5% 100 25 15,200 Sou Calif Edison pref B 5% % pref class C_ 25 12,000 5% original pref 25 2,330 1,100 Southern Colo Power cl A—25 7% preferred 100 140 190 South New Engl Telep C0..I6O 10 900 Southern Pipe Line * 4,200 Southern Union Gas com Preferred A 25 400 Southland Royalty Co 5 13,600 _ 4 109 1 5,400 Simplicity Pattern Co 100 1,640 SingerMfg Co Singer Mfg Ltd— Am dep rets ord reg shs—£1 24,025 45 Sioux City G & E 7% pref. 100 Skinner Organ Co * 75 Smith (Howard) Paper Mills.* 1 17.600 Solar Mfg Co.. —1 25,300 Sonotone Corp 1 5,700 Soss Mfg Co -.1 2,400 South Coast Corp com 50 400 8% 20% 5 Shreveport Eldorado 100 Pipe Line stamp .25 * 2,100 Silex Co (The) common Simmons-Boardman Pub Corp conv pref * 26,400 Simmons H'ware & Paint Co..* 1,400 6% Sale 5% ..1 Seversky Aircraft Corp Shattuck Denn Mining % May % Sale 1% 2% 8 8% % 2 7% % 1% 6% Sale - " 6% * Seton Leather com 850 5% cum pref A A A 275 Sherwin-Williams of Can 120 % 3 2 6 3 % Apr. £1 1 1 American dep rets 400 12,000 Sentry Safety Control... Serrick Corp class B com 7 Jan. 8 1 11 30 15 27 17 10 8 May 16 May 20 Selfridge Prov Stores, Ltd— 4,200 3% Jan. 59* Feb. 5% Apr. % Apr. % May 31 Mar. ft May 4% Jan. 12% Apr. % Apr. 4% May % 8% 14% % ft May 15 6 May 17 13% May 20 % May 16 4% May 8 52 May 16 54 May 20 ft % 7% Sale Jan. 21 40 35% 37 Sale Sale 30% •4 % Sale 4 May 29 7% May 29 May 3 May 11 % May 8 % May 11 1 1% Mar. 4% Jan. 11% Jan. 12 9% Jan. 26 18% May 19 27% Mar. 3 114% Apr. 25 114% Apr. 25 17 May 12 22% Jan. 17 27 7 % Jan. 65 May 16 9% Apr. 11 1 Apr. 8 Jan. 5 3 12% Jan. 44% Mar. 3 Jan. Mar. 31 2 1 17 8% 7% 6% % Sale 6% Jan. 6% Mar. 10 37 11 May 22% May May 6 18% May 19 11 5 Jan. 71 38 25 12% Sale 1% Sale 1% 1% 43 2% May May 10% May 1% May May 2 May 16 9% May 24 1% May 12 2 10% Sale 1% 12% Mar. 18 45 1 May 25 May 3 May 2 May 4 May 10 May 3 20 Apr. 4 Feb. 27 Jan. 20 Mar. 7 Mar. 7 Jan. 14 24% 13% 2% 2% 6% % 4 10 30 12 6 25 Apr. 11 3% Apr. 7 Apr. 35% Apr. 2% Feb. ■H Apr. 49 Apr. 3% Feb. 37 4% 8% 38% 2% % 56 37 17% 25 $5.50 prior stock Allotment certificates % May 25 51 % May May 8 May 25 May 1 May 22 May 4 May 3 4% 7% 38% 2% ft 52% May 19 Sale 19% 19 1 5 Convertible stock 2% 17% 1% 11% 1 * Selected Industries. Sale 25% Sale 2 1! 11 25 * common—* Scranton-Spring Brook Water Service $6 preferr ek 525 * 15,312 Scullin Steel Co common.....* . Sale 10% 1% 1% 11% 20% * — 53% 9% 1% % 17 *8 2$ 2$ Sale 54 66 8% 39 38% 2 2% 5 Segal Lock & Hardward com. Seiberling Rubber com Selby Shoe Co com Sale 7 37 3% Sale 58% Sale 490 Scranton Lace Co 53,700 94,700 2,600 28,700 4,850 2,450 1,550 3 X Sale 63 .1 Warrants 23,300 3,800 Securities Corp Gen'l com 6 Sale 42 X Sale 5% Sale 40% 4 5 May 25 10 4 1 % May 2 % May ft May 26 49 52 49 Sale 51% 71 68 ft ft % 24% Apr. 9 Apr. 1 % Mar. 1% Apr. 4% Apr. % Apr. 6 4% 6 4% 7 1% 2% Sale 11 9% May 6 1% May 10 1 % May 3 11 10% 10% 2 9% 1% 2 % * * 25,300 6,400 Samson United Corp com 900 Savoy OilCo 3,600 Schiff Co com 25,800 Scovill Mfg Co 10 Scranton Elec $6 pref Sale 2H 5 * 700 Seeman Bros common ~8", 100 Sale 1% 2% 20 Ltd 5,850 Royal Typewriter com 100 13 -_5 1 Field lnc Root Petroleum Co com $1.20 conv preferred Rossia Internat Corp Roosevelt 75 Royalite Oil Co "350 1 Price CURB EXCHANGE In May Shares 200 RANGE SINCE JAN. PRICES IN MAY SALES Mar. 14 14% Mar. 5% Jan. 6 7 5% Jan. 5 36% Jan. 10 % Mar. 24 % Feb. 22% Jan. 6 3 June, 1939] jSEW YOBK OUBB exchange AGGREGATE SALES PRICES IN MAY NEW YORK CURB EXCHANGE In Since May Shares Shares 190 4,100 1,350 2,500 25 4,600 - - 1,075 50 10 '1Mb 1,800 2,200 1,400 100 3,100 350 1,000 500 • «. - «, - .. 1,100 5,700 stocks (Continued) 13,200 Mo Roofing Xnc 1 200 Tishman Realty & Constr * 200 Tobacco & Allied Stocks— * 28,200 Tobacco Prod Exports * Tobacco Secur Trust Co Ltd— 1,800 Am dep rets ord reg shs £1 Am dep rets def reg 1,700 5s 5,525 Todd Shipyards Corp * lb",600 100 12,900 100 400 20,100 1,450 6,700 180 7,300 11,600 12,300 25 1,700 10 200 2,800 5,500 290 900 4,200 200 550 . 400 Trunz Pork Stores Inc Tubize Ghatillon Corp * 800 Ulen & Co series A pref * 100 Series B pref * 5,700 Unexcelled Mfg Co Inc. 10 7,500 Union Gas of Canada* * 600 Union Investment Co com * 24,200 Union Premier Pood Stores. .1 50 Common 3,900 700 600 200 1,400 500 «. «. - <• - - 50 ... 640 United G & E 7% pref-III 100 126,000 United Lt & Power com A * Common class B 80,800 * 162,000 $0 1st pref __* com 300 4,400 5,000 200 3,500 100 200 150 3,300 1,175 "i",66o 475 100 2,200 4,100 100 1,750 700 50,000 800 6,700 150 100 1,500 1,200 10 100 """loo 700 900 400 1,200 1,600 2,000 50 25 * * United Molasses Co Ltd— Am dep rets lor ord reg 2,300 110 United N J RR & Canal...100 2,000 United Profit Sharing com.25c 16", 400 United Shipyards class A Class B 40,300 29,675 United Shoe Mach com Preferred 1,790 6,400 United Specialties 890 common U S Foil class B... U S & Internat Sec com 1st preferred with warr U S Lines Inc pref U S Playing Card com U S Plywood Co common $1.50 conv pref $7 conv * * 10 50 100 1,500 400 102 97% 99 2% Sale 3 10% 11% 12% 10% 11 12% IK 3 1% 62 4% IK May 31 Ask Bid Sale 91% 95 67 4% 16 IK 13 82 14 % 77 66 63 Sale 16 1% 1% 68% 4% 14% 1% 60% Lowest, Ask 93 Sale 3K 13 Sale 3 Sale 4% 2 5% Sale Sale % 7% X 9 % Sale 1% 1% 3% Xt Sale 7% Sale 2% 12% Sale 36 Sale 2K 2% 6% 7 5K 3 12% 3% Corp com 1st pref 5% 1 Ik 4% Sale 13 1 8 2% Sale 20% 2 6% May May May May May 63 May 31 4% May 1% 3% Highest Sale Prices 6 69% Jan. 24 94 24 26 13 2% May 3 8% Apr. 11 10 Apr. 10 102% May 27 4 Jan. 5 Jan. 63 May 31 4% May 25 60 Feb. . 4% Apr. 11 IK Sale 7% 1% Feb. 20 3l 69% May 11 4 105 May 26 5 109% May 5 % May 1 1 % May 4 2% May 10 JK May 11 7 % May 1 % 1% 3% % 15% Mar. 15% Jan. 2 Jan. 14% Mar. 17 60% May 102% May 109% May Sale Prices 99 Feb.. 6 27| 2 4 44 Sale Sale A onJi 80 ou 2% Sale 2% Sale 30 19 68 22% 2% 7% 8% 23% Sale Sale 2 2% 7% 3 60% May 31 Jan. 8 4 17 63 May 31 5% Mar. 10 15 Jan. 1% Mar. 81 Feb. 12 8 23 98% Apr. 11 rl05%Mar. 13 Jan. 9 105% Apr. 12 111 May 6 May 15 May 25 May 25 7% May % Feb. 14 1% Apr. 8 2% Apr. 1 % May 11 7% May 1 2 8% May 25 23% May 31 2% May 5 7 May 11 Apr. 8 19% Apr. 11 2 Apr. 11 6 Apr. 10 4 a\5/* Sale 13 2 1% 13% 3% 13% 2 2 14 4% 15 Ax 40 44 Sale 2 22 Sale 4 44 2 Sale Sale % % *83 X 85 2 Sale Sale 1% Sale 24% X* Sale Sale Sale Sale 20 80 5% 24 20 24 70 73 69 5% 5% 5% 10% Sale 1'% 76% 10% IK Sale 10% 1% 81% X Jan. 11 9 2% Jan. 6 5% Jan. % Jan. 20 8 Jan. 16 a\x Sale 43 Sale Sale 4 4% 5 % Sale % % 2 K 4% % 3 3% Sale Sale 53 1 Sale 29 32 34 Sale Sale 22 "Ik "Ik 27 X 16 24 4K * * 2% Sale 2% May 2 3% May May % May Xt May 25 17 16 15 400 Universal Consol Oil Co 1% 11% 4 % 54% 1% Sale Sale 4% % 57% 1% Sale 3% 3 Sale 1% 1% Sale 13% 24% 1% 4 8 . * 11% 1 7 * % Sale 49 Sale 1 1,300 Utah Radio Products com 7,600 Utility Equities com. * $5.50 priority stock.....*.* 5,775 4,100 Utility & Ind Corp com.. Conv preferred 11,300 73,600 t Utii Pow & Light com Class B common 11,700 9,250 7% preferred 14 47 * 16,200 Waco Airiraft Co * 15,900 Wagner Baking com v t c. 10 7% preferred 100 200 Wahl (The) Co common * * 1,000 Waitt & Bond Inc class A Class B * 1,900 1 7,400 Walker Mining. 5 6,700 Wayne Knitting Mills.. 1 3,200 Weisbaum Bros-Brower Co 1 8,100 Wellington Oil Co common 1.25 17,600 Wentworth Mfg Co 1 15,000 Western Air Express Corp Western Grocery com 20 Western Maryland Ry— 7 % 1st preferred 390 100 Western Tablet & Stationery— _ 1% 45 Sale*' 13^ 14)| Sale 2 27 30 27 Sale % Sale "8% ""9% Sale .... * 8 14% 4% 14 K 49% 8% o % Sale 15% Sale 16% 9% Sale Sale 58 Sale '8 11% 9 4% May 8 May 17 % May 2 % May 1 38 % 83% 1% 1% 21% 21% May 3 May 3 May 9 May 31 May 9 May 1 May 17 May 12 2% May 29 90% May 29 X» May 10 86 May 23 2 May 31 1 % May 4 25% May 25 21% May 12 4% 5% i" 9% 10% 3% 2% 50 16 IK 10% May 15 1% May 3 May 2 42 May 3 2 % May 3 76 3% May 16 May May May May May May May May % 52% 1% 33% 11% 22% 2% 1% % Apr. Mar. i J Sale 1% 21% Sale 23% lH iff 10% 3% 7% X 4 If 10% May 31 1 % May 27 May 29 May 13 3% May 31 82 43 4% May % May May 1% May 37 May 13% May 23% May 3 May 1 % May 60 * 11% 13 % a ,X Sale 4% 7% 1% 25 1 13 19 31 26 18 2 3 6 8% Sale IK 5K 1% 5% 1% 7% 6% 94 3 3% 8% Sale 6 6% *§* 8 14 Sale 1% Sale '"2% "~2% 5 5 5% 5% 13% 13% 7% Sale 1% Sale 2% 4% 5% 15 4% Jan. 9 42% Mar. 31 1% Jan. 3 Kt 7 3% 92% Jan. 20 Mar. Jan. 6 4 9 Mar. 11 % Jan. 21 86% Feb. 25 1 % Apr. 8 8 1% Apr. 19 Apr. 10 2% Jan. 20 36% Mar. 9 80 Jan. 20% Feb. 24 Jan. 31 3 Jan. 23 19 Mar. 20 73% Mar. 9% Mar. 17 1% Jan. 3 Apr. 14 72 42 8 Jan. Sale 6% Sale Sale 9 Sale 2% 5 Sale 15% 8 Sale 1 Sale 11 2% Apr. 12 Apr. % Apr. Apr. 1% Apr. 28% Jan. 10% Apr. 68 Jan. Apr. Apr. Jan. Feb. 23 16% 27% 4% 2% % 6% 1% May 1 22 May 3 22 May 16 4 9 29 1% Apr. 12 20 Apr. 10 30 20 Mar. 20 28 26 31 10 % Apr. 12 38% Jan. 24 6 Apr. 15 53 May 5 May 25 May 11 May 19 4 Apr. 10 5% Apr. 11 74% May 11 % May 19 Apr. 25 i® Feb. 4 % Jan. 8 14% Jan. 24 3 Apr. 8 12 Apr. 8 Jan. 4 May 12 6% May 4 74% May 11 % May 19 4% 7% 74% % K May 8 % May 25 % May 8 May 3 May 26 4% May 4 3 May 4 2% May 31 3% May 16 1 10% 4% 2% 2% 3% May 3 May 4 May 1 May 12 May 4 12 May 41 6 May 9 26 13% Apr. f % Jan. 17 47% Apr. 21 30 1 % May 24 42 % 1% % % 10% Apr. Jan. Apr Mar. Feb. Apr. . 17 24 12 14 25 25 _' Apr. 10 8% Jan. 4 3% Apr. 10 2% Apr. 12 2% May 12 2% Mar. 31 32 Apr. 10 91 1 May May 5% May 5% 4% 1% 7% 9 3 8 May 26 May 1 May 31 May 25 8% May 22 96 6% May 4% May 2 May 2 8 May 12 5% 4% 1% 7 7% 82% 2% 4% 87% May 2% May 4% May 17 5 May 16 94 14 15 May 7% May 2 5 % May 23 May 31 2% May 5% May 5% May 31 May 24 8% May 10 1% May 1 1% Mar. 2% Jan. 7 4 54 4 % Apr. 11 5% Jan. 3 w Apr. 11 Apr. 18 Apr. 10 Apr. 12 28 3 28 Mar. 13 &Feb. 2 1% Feb. % Jan. % Jan. 11 Jan. 18 2% Jan. 5 16 6 12 17 Feb. 20 Jan. % Jan. 9 5 Mar. 11 Mar. 22 7% Feb. 18 9 Feb. 24 74% May 11 1% Mar. 19 6% Feb. 28 1 Feb. 28 1% Jan. 7 Feb. 25 12 5% Feb. 23 Jan. 5 3% Mar. 14 4% Jan. 5 5 50% Jan. 4 10 Feb. Jan. 6 9 97 Mar. 8 Jan. 86 11 5 24 10 26 11 15 May 24 1% May 9 May 8 6 Jan. 1 2% Jan. 15% May 4% Jan. 15 May 8% Mar. 19 Feb. % Jan. 60 Feb. Apr. 6 8% May 22 10 May 31 Jan. 5 Mar. Jan. Jan. Jan. Mar. Mar. 16 27 % Apr. 25 1 % Apr. 6 5 1% May 19 37 Feb. 2% 1% % 3% 3 44% Mar. 20 4% Jan. 4 6% Jan. 5 % Feb. 16 3 50 21 10% May 31 1% Mar. 19 85% Jan. 1% May 29 45% May 26 % May 15 1% May 11 % May 2 % May 19 16 May 24 13 Sale 4% Sale 2% 2% 7% 7% 6% 9 9 3 May 2% Jan. 1% May 24 May 4 May 15 1% May 6 %e May 8 % May 19 11% May 8 -x - K 7 Mar. 23 16 May 23 /8 May 1 2% May 10 15% May 24 4% May 31 15 May 26 8% May 27 16% May 9 % May 11 58% May 31 8% May 22 5% Mar. 15 3 6% May 26 4% % IK 11% 12% 4% Sale 2% 3% 2% Sale 3% 3% 11% 2 13% Mar. May 25 40 2% 2% 3 5 Sale 2% 3% 1 6 1% Apr. 8 74 Apr. 8 % Mar. 20 5% Jan. 18 3% Mar. 17 % May 15 % May 1 1% May 2 15 May 25 .3% May 8 15 May 26 7 % May 3 15% May 3 % May 4 49% May 4 42 46 Sale 15 4% 6% 1 Apr. 10 Jan. 27 Jan. 3 3% Apr. 8 38 Feb. 27 % Mar. 31 7 1 % 85 1% May 18 22 22% May 21 24 23% 25 24% May (Name cha nged to Wic hita River Oil Corp.) % Sale K May 3 % May J* Sale a 47 42 May 3 47 May 7 "6% ~~6% 8 7% May 10 7% May Sale4 Sale 12% 1% Sale 1% 6% 6 1% 44% % . 100 May Apr. 1% Jan. Venezuela Mexico Oil— 1 31,800 Venezuelan Petroleum 590 Virginia Pub Serv 7% pref. 100 Common.. 750 650 Westmoreland Coal Co. Westmoreland Inc West Texas Utilities Co— 15 Sale 5 16,200 Valspar Corp common .1 875 $4 conv pref... 5 11,200 Van Norman Mach Tool com.5 2,400 Vogt Mfg Corp % 6§g 7 .1 1 2 2 8% * 5 Sale If Sail6 1 700 Universal Insurance 3,400 Universal Pictures com 1,600 Universal Products Co 12,500 Utah Idaho Sugar Co... 6,225 Utah Pr & Lt $7 pref 16 3 Mar. 17 Jan. 4 5% May 17 5% May 24 5 Apr. 10 6% Mar. 8 240 May 18 240 May 18 237 Jan. 28 Jan. 25 242 % Xs May 22 Xt May 22 % Jan. 7 % Mar. 25 37 13 23 23 2% 1% IK 13% .10 13% May Apr. ! 3% 1 % 11 1% 12% 2% 13% Mar. 10 38% Mar. 10 3% Jan. 20 7% Jan. 11 m X* 12* Sale 85 43 14 "l 72 Sale % May 38 % Sale 56 90 85 13 3% 3% 38 7 2 IK 13 K 3% 2% % Sale % Sale 82% % 82% 1% 1% 1 22% May 3 2 May 11 7 May 11 4 3 7 % May 6 16,300 Universal Corp vtc. Prices 16 3 « 1K Sale Js Sale 75 K oy<L Sale Sale 5,900 United Stores Corp com vtc.+ 21,300 United Verde Extension 50c 44,800 United Wall Paper —.2 For footnotes see page 53. Lowest Highest Sale Prices Sale 93 May 25 98% 99 May 4 102% 2% May 3 3% 10% May 18 12% 11% May 2 12% a Sale 101% Sale 1 13,800 Yukon Pacific Mining Co....5 1,000 67 * 20 U S Radiator common U S Rubber Reclaiming.. U S Stores .__* 1,800 300 400 57 4% 1 25 25 1 2,800 13,800 1,800 3 10 .1 $6 preferred -.* 1,030 * 9,000 W Va Coal & Coke com 2,200 Weyenberg Shoe Mfg Co.....1 Wichita River Oil Corp 10 (formerly Venezuela Mex Oil) 15,200 2,500 Williams (R O) & Co ...» 3,200 Williams Oil-O-Matic Htg_._* * 8,700 Wilson Jones Co com 1 1.200 Willson Products Inc. 260 Wisconsin P & L 7% pref.. 100 10 2,200 Wolverine Port Cement 14,300 Wolverine Tube Co com.....2 1 8,800 Woodley Petroleum Corp.. Woolworth (F W) Ltd— Am dep rets ord shs.. 10,300 * T35.100 Wright-Hargreaves Ltd. 190 1,500 450 IK * 500 $3 cum partic pref _* 231,100 Un Cigar-Whelan Stores 10c 21,500 United Corp warrants 200 United Elastic Corp * 224,600 United Gas common 1 21,660 $7 1st non-voting pref.— Wonwo nfc 27,900 300 United Milk Products 200 $3 preferred 1 — 61,100 Common 1 5,600 Class A _l 7,300 Tung Sol Lamp Works com-.l 4,000 80-cent div pref * 40,700 10,100 5,600 12,400 4,600 8,900 5,600 7,800 5,900 1,700 15 Sale 15 Bid 100 10% preferred 200 1451 Tonopah Belmont Devel_..10c Tonopah Mining of Nev 1 16,700 Trans-Lux Pict Screen com.-* 24,500 Transwestern Oil Co 10 14,600 Tri-Continental Corp warr 2,700 May 1 Ask Par Bid 70 Sale 87 94 3% Sale 25 Union Traction Co United Chemicals Inc— 200 Jan. 3 1939 10,075 Tenn El Pow 7% 1st pref—100 620 Texas P & L 7% pref.—— 100 17,800 Texon Oil & Land Co ---2 7,200 Thew Shovel Co common -5 360 Toledo Edison 6% pref 230 7% preferred A RANGE SINCE JAN. Price Jan. 1 2,500 49 1% Jan. 5 7% Mar 24 7% Jan. 6% Jan. 3 10 Mar.31 9 Apr. 19 Apr. 12 Apr. 1 Jan. Jan. Jan. 3 18 6 4 7 94 May 16 May 31 2% Feb. 2 8% Jan. 3 6% Jan. 10 Apr. 10 7% Apr. 11 15% Mar. 14 8% Feb. 27 5 12 % May 23 1% Jan. 6 NEW 50 EXCHANGE CURB YORK AGGREGATE PRICES IN MAY SALES NEW YORK In May 1967 1956 1968 81% --1946 5,063,000 Alabama Power 4%s 1,536,000 518,000 995",666 78",000 1st & ref 5s os_ 1st 5s 1951 5s registered Aluminium Ltd 5s 281,000 2,102,000 13,000 141,000 Appalachian El Pow 4%s_1948 4s 1963 353,000 2024 67,000 Appalachian Power 6s Ark Louisiana Gas 4s 1951 497,000 39,000 144,000 11,000 144,000 351,000 244,000 8,000 2016 6s. 6s registered 2016 90,000 166,000 Amer Radiator deb 4%s__1947 American Seating 6s stpd_1946 142,000 72",666 .1956 1,849,000'Arkansas Pr & Lt t/o 5s. TJ11 / 2,093,000!Associated Elec 4%s 51,000 Assoc Gas & Elec 4 Ms n nno 1953 1948 189",000 65",606 1,748,000 6,000 1,532,000 105,000 1,365,000 4,000 254,000 1,000 "7",660 214,000 4,000 3,000 296,000 6,000 37,000 5s 1968 5s registered 1968 4Ms series G 1949 5Ms 1977 Convdeb5s 1950 5s registered 1950 Assoc Tel & Tel 5Ms A—1955 5Ms A registered 1955 Atlanta Gas Light 4Ms—1955 Atlantic City Elec 3Ms—1964 Avery (B F) Sons 5s w w__1947 5s ex-warr 1947 Works— ^Convertible 6s 1950 2,713,000 693,000 Bell Tel of Canada 5s A.__ 1955 1st M 5s ser B June 1 1957 277,000 5s series C 1960 121,000 1998 68,000 Bethlehem Steel 6s Baldwin «26,000 53,000 48,000 10,000 8,000 222,000 149,000 54,000 36,000 65,000 376,000 18,000 85,000 128,000 377,000 95,000 228,000 325,000 40,000 22,000 85,000 5,000 11,000 23,000 1953 215,000 Canada Nor Power 5s 505,000 Canadian Pacific Ry 6s—1942 1956 2,539,000 Carolina Pr & Lt 5s 120,000 Cedar Rap Mfg & Pow 5s-1953 216,000 Cent Ohio Lt & Pr 5s A—1950 420,000 Central Power 5s ser D —1957j 1956, 2,420,000 Central Pow & Lt 5s 1948' 715,000 Cent States Elec 5s 5Ms_1954 2,415,000 2,151,000 Cent States Pr & Lt 5%s__1953 Chicago 111 Midland Ry— 4Ms series A 1956 310,000 Chicago Junction Rys & Union Stock Yards 5s__1940 160,000 - 147,000 6,000 6,000 Sale 105 M Sale Sale 4 81% Jan. 1 104 98 % May 23 May 16 1103% May 18 1 107% May 9 96 Jan. 27 104 87 Jan. 102 Jan. 4 103% May 18 24 107% May 9 106M 108% Sale 98 Jan. 30 105% May 10 104 % May 23 105% May 10 3 98% May 23 Mar. 103%« May 27 106% Jan. 106% May 23 109% Jan. 103*32 103 M 103 Me May 27 1032132May 106 % May 23 109 % May 107 M Sale 103 2132 l04 108 % Sale 3 88 M Sale 100 100M 118% 102% 101M Sale Sale Sale Sale 87 M May 1 9243 May 26 105 M 85 M 47 Sale 33 35 34 Sale 33 43 Sale 35 17 10 92 Sale 1 103 M 105M 104 M May 15 105% May Sale 102 99 M May May 27 99 M 100 M 101% 102 May 19 10743 May May May 1 110 May 3 123 May May 23 104% May May 103% May 1 106 105% Sale 53 May 3 57% May 57 M Sale 39 37 May May 2 37% 38M 106 M 107 M 105M 106M 106 109 % 109 M Sale 109 M Sale 122 M 124M 120 120 121 102 104M 105 M 102 % Sale 104 53 M 37 Sale Sale 37 M Sale 36 M Sale 39 12 10 26 3 24 11 83% Apr. 10 96% Mar. 10 88 Sale 105 39 M Sale 37 M May 1 40 May 10 4043 May 40 May 3943 May 48 May 4343 May 92 Feb. 3 Feb. 9 104 12 106% Jan. 21 Mar. 6 12 102 106 107% Mar. 9 111 7 Apr. 99% Apr. Apr. 107% Apr. 118% Jan. 102 May 101% Jan. 41% .Tan. Mar. 123% Mar. 17 105 Mar. 2 106 May 24 63% Mar. 9 ll 31 Feb. 42 10 29% Jan. 10 39 44% Mar. 9 40 May 10 42% Mar. 9 14 Mar. 22 Mar. 9 73M Sale 41 91M 85 Sale Sale 36% May 1 45 May 24 42 M Sale Sale 40 Sale 93 89 76 77 83 103 75M 103 M 104 M 38 M 47. 47 105 Sale 76% May 2 3 83 27% Jan. 14 40 Jan. 25 10 30 Jan. 14 47% Mar. Feb. 10 40 Anr. 72% Jan. 28 83 May 31 9 78 Mar. May 31 105 105 M 88 Sale May 11 9 35 46 44 78 88 M May 5 10643 May 17 105% 105 105% May 1 108% May 25 108% 109 92 91 May 13 May 13 93 M 96 91 92 91 Mar. 59 Mar. 9 9 20 9 102% Jan. 12 106% May 17 Apr. 20 108% May 25 89 Apr. 27 92 May 13 104- 85 95 115 Sale 110M Sale 120M 121 124 125M 144 144M 84% 87 M 69 72M Feb. 83 85 31 8 29 24 12 29 31 26 7 82% Anr. 108% May 120 Apr. May 39 May 39 May 64 % May 105% May 9 100% May 24 107 May 31 114 May 2 103% May 27 9143 May 25 104 43 May 20 40% May 29 41% May 25 68% May 31 102% Jan. 97% Apr. 96% Jan. May Apr. 81 Apr. 98% Apr. 103 M Sale 102 Sale May 1 10243 May 23 98 10343 May 11 May May 52% May 16 75% May 26 May 11 May 15 May 19 76 87 Mar. 9 103 104 M 105 104% 105 99 M 100 M 100 M Sale Sale Sale 83 M 100 M Sale 10443 98 % 104 % Sale 107 105 113% 115M 110*32 110% 110%« 103 M 103 % 102 101 102 87 87 % Sale 90 M 91% Sale 101 35 M 35 % Sale 38 M Sale 39 Sale 64 M Sale 96 M 115 101 57 M 98 104 115% 101% Sale 104 M 39 , Sale 40 M Sale Sale 41M Sale 68 M Sale 103 98% 101 Sale 104 % 103 103 Vs 103 50%* Sale Sale lb 9543 May 108% May 124 May 126 May 143 May 97% May 85 May 9743 May Sale 86% May 108% 10841 May 125M 121% May 126M 123% May 142 May 141 139 143 141 95 % May 97 % Sale 95 % Sale Sale 80 85 May 80 M Sale 92 % May 93 M 96 % Sale 92 M 94 88 M Sale 108 108% Sale 120 M 121M 124M 126M 128M 125M 50 78M 78 74 104 May May May May May May 101 101 103M 103 50 52 M 77 7243 77 % 7443 80 72M 74 M Sale 73 M Sale 80 7343 May 1 79 71% Sale 70 % Sale 75 M Sale 69 May 1 75% May 31 ll" Sale' 69% Sale "74*" "74% 69 May 1 74 68 75 84 May 26 1966 1950 Conv deb 5s 1950 5s registered 5s_ 1958 - May 29 1958 5s registered 5s 1969 490,000 6,734,000 Cities Service P & L 5MS-1952 5%s gold deb —1949 1,893,000 836,000 Community Pow & Lt 5s__1957 1951 16,000 Conn Ltg & Pow 7s A 1939 28,000 Consol Gas of Bait 5s 39,000 105 M 98% 106 73 M 1,000 48,665 Highest Sale Prices Sale 101M 106 M 103M 1966 214,000 Cities Service 5s 5s registered 4,000 1,000 Lowest Sale Prices 104 M 105 103 M Sale 88 Sale 44 M 69 % 1,225,000 Highest Sale Prices 96 M May 102 May 1101% May 106M 106% 106M May 98 M Sale Sale Sale Sale 102 M 541,000 % AChic Rys 5s ctfs of dep. _ 1927 22,000 Cincinnati Street Ry 5Ms_1952 6s series B 1955 46,000 6,667,000 833,000 287,000 1968 1959 239,000 Broad River Power 5s A--1954 142", 066 Lowest Locomotive 1,802,000 Birmingham Elec 4 Ms 683,000 Birmingham Gas 5s 745",066 Ask 1948 4%s registered 5,000 151,000 7,000 118,000 96% Sale Sale 96 M 86 M Ask Bid 1951 ; 274,000 lbl",666 Bid 1946 5s registered. 1st & ref 6s __1948 1,121,000 Amer Gas & Elec deb 5s__2028 American Power & Light— 22",000 Ask Sale Prices May 31 May 1 1939 Bid BONDS— 383,000 1 Jan. 3 Jan. 1 755,000 18,000 228,000 90,000 RANGE SINCE JAN. Price CURB EXCHANGE Since 1954 4Ms_ 71M 77 M 77 M Sale Sale Sale 75% Sale 129M 133 102 103 M 125 127 70 M 76% 76 % Sale Sale Sale 74 82 M 82 M 75 Sale Sale 6943 May 76% May 76% May 2 1 1 7343 May 26 82% May 31 82% May 31 123 Mar. 140% Apr. 86 Jan. 1B 69% Jan. 81 Jan. 105% May 4 3 29 13 17 29 3 26 9 105 Mar. 16 107 May 31 115% Mar. 16 ii?* 103% May 27 91% May 25 104% May 20 35 Jan. 46 32 Jan. 4643 Mar. 11 55% Jan. Apr. Mar. 13 69% Mar. 11 102% Feb. 7 6 Apr. 21 1044-3 Jan. 9 44% Apr. 5 55% Jan. 10 70% Jan. 14 78% Feb. 28 72% Jan. 17 81% Apr. 8 71% Jan. 72% Jan. 66 Apr. 76 Mar. 66 Apr. 74% Mar. 67% Apr. 72% Jan 72% Jan.* 12 74% 84% May 26 8343 Sale 81 May May 8 129 128 129 43 129 43 May 19 130 129 M 131 5 100% 100% 10143 10043 May 19 100% May 100M 102 125 126M 128M 12743 12843 81 116% Jan. 110% Jan. May 126% Mar. 148% Jan. May Apr. 97% May 124 Sale 84 Mar 9 78 Feb. 14 78% Mar. 9 76 Mar. 1 77 Mar. 9 74% Mar. 2 77 Mar. 9 86 Mar. 9 9 87 Apr. 86% Mar. 3 Mar. Feb. 17 Jan May 19 102 Jan. 5 128% Jan. 20 131 Mar. 5 Consol G E L & P Bait— 28,000 84,000 464,000 31.000 16,000 105,000 3Ms series N_ Utilities— —1971 109% 110% 6s A stamped 1943 437,000 Continental G & El 5s____1958 1941 81M 96 M 1944 62 4,155,000 445,000 Cuban Telephone 7 Ms 75,000 Cuban Tobacco 5s__ 60 116,000 645,000 Cudahy Packing Co 3%s__1955 96 20,000 171,000 Delaware Elec Pow 5MS--1959 1949 140,000 Denver Gas & Elec 5s 104 34,000 71,000 48,000 18,000 12,000 422,000 73,000 341,000 26,000 28",665 102,000 2,000 7,000 82,000 11,000 202",666 1,178.000 201,000 12",666 2,000 217,000 6b~,66o 933,000 68,000 146,606 1,000 109% 110% 11143 Sale 109% May 3 111% May 31 109% Apr. 26 111% May 31 Consol Gas 573,000 ADetroit Int. Bdge 6Ms.-1952 iCtfs of deposit 368,000 A25-yr s f deb 7s 1952 132,000 iCtfs of deposit 47,000 2,256,000 Eastern Gas & Fuel 4s A--1956 290,000 Edison Elec Ilium 3 Ms—1965 2030 1,977,000 Elec Pow & Lt 5s 67,000 Elmira Wat Lt & RR 5s__1956 5s registered 1956 1,000 El Paso Elec 5s A 1950 97,000 916,000 Empire Dist Elec 5s 1952 61 Sale 99 64 M Sale 105 106M 106M 7M Sale 7M Sale % 1 % 1 61M Sale 110M 112 74 % Sale 108M 112 104 M 99% 64 May 31 60% May 1 83 Sale 89% May 27 May 1 8943 Sale 1 107Ms Sale 106%, 107% 106% May 29 107%s May 65 56 43 May 10 65 Sale 55 59 M May 31 92 M 93% May 10 95% May 24 95% Sale 93 M 58% 79 % 96% 56% 92% 105 Sale May 10 106 May 16 2 108 May 26 108% 107% May 4% May 1 4% May 10 Sale 4% May 2 4% May 10 Sale 43 May 2 % May 2 % % May 29 % May 11 104% 106% 4% 4% % % 63 May 12 May 31 May 1 112% May 13 76 May 29 May 1 May 23 110% May 1 112 53% 109% 66% 107% 109% 60 M 83 64 105 104M 106 10743 107M Sale 4M Sale 443 4% 443 4% | i Vs M h vx 60 M 111 68 M 110M 102 M 100 Sale 101% Sale Sale Sale Sale Sale Sale Sale 60 6243 Sale 111% 112% 111 76 Sale 112% 114 103% Sale 103 Sale 68 102% May 101% May 6 1 104% May May 24 2 103 Apr. Apr. Jan. May Apr. 19 10 68 Feb 28 91% Mar. 13 10 108% Mar. 9 10 68% Jan. 11 97 Jan. 4 27 106% Mar. 28 108% Jan. 24 Jan. Jan. Feb. 3 9% Feb. 1% Jan. 1% Feb. 10 10 Apr. Apr. Apr. Apr. 66% Jan. 112% May 81 % Mar. 112 May 109% Mar. 104% Jan. 103 Msy Apr. Apr. Apr. Jan. Mar. 102 Apr. 99% Jan. 2 3 18 13 10 23 3 5 24 Ercole Marelli Elec Mfg— 1953 1967 6Ms 17,000 120,000 Erie Lighting 5s 301,000 Federal Water, Serv 5MS--1954 Finland Residential Mtge 6s stamped 1961 64,000 6,000 iFirst Bohemian Glass 7s_1957 1966 1,002,000 Florida Power Co 4s C 5,509,000 Florida Power & Lt 5s.___1954 759,000 566,000 52,000 68,000 810,000 8,000 416,000 5,463,000 Gary Electric & Gas— 5s ext stamped 1944 Gatineau Power 5s 1956 Gen Bronze conv deb 6s-_1940 Gen Pub Serv Co 5s 84 M Sale 102M 103M 89 M 95% 95% 104% 90 99 Sale 97 M Sale 46% Sale 40% May 13 40% May 10 May 20 107% May 26 108 77 87 M 97 M Sale 60 Sale 26 M 82 89 83% 70 90% 104% 63% 84 82% May 16 85 99% May 26 99% May Sale Sale 95% May 31 92% May 17 98%' May 5 101% May 31 May 26 4 19 9943 Sale 91% 84% 77 Sale Sale Sale 86% 91% 91 73 93% 105% 70 Sale 93 97% May 59 84 May 91 % May Sale 77 84% May Sale Sale 90% May Sale 20 Sale" 1 99% May 29 68% Sale 86% May 31 9143 May 3 9143 May 31 68 64 12 50% Jan. 6 108% Apr. 11 65 81 Apr. 99 Apr. Mar. 23 89% Jan. 92 Apr. 95 Jan. 103% Mar. 81 Apr. 90 78 Apr. Apr. 73 May 63 43 May May 27 105% May 26 70 May 31 65% May 66 May 69% May 19 66 May 3 104 94 25 65% Sale 65 39% Apr. 107% Jan. 15 Sale 100 Sale Sale Sale 53. '85 95% 93 M 101% Sale 82 For footnotes see page Sale 19 Gen Pub Utilities 6 Ms A. .1956 AGen Rayon Ltd 6s A 1948 72 M 56 83 99 43% 108 92% 99 M 98 73 86 43 50 M Sale Sale 97 Gen Wat Wks & El 5s A—1943 33 107% 108 102 35 1953 Georgia Power ref 5s 1967 1978 415,000 Georgia Pow & Lt 5s 1953 5,000 iGesfuerel 6s 1965 656,000 Glen Alden Coal 4s 86,000 Gobel (Adolf) deb 4%s..t_1941 50 M Sale 107M 108 Feb. 87 Jan. 95% Jan. 58 Jan. 25% Apr. 65% May 60 Jan. 3 14 87% Mar. 13 5 104% Feb. 20 Mar. 9 8 4 95% May 31 10 101 % May 31 99% Mar. 30 105 Jan. 90 Jan. 31 3 4 97% Jan. 91% May 31 75 Jan. 19 94 May 27 105% May 26 70% Mar. 10 29 Mar. Z8* 72 Jan. 3 Jan. 10 3 YORK NEW June, 1939] 51 EXCHANGE CURB AGGREGATE PRICES IN MAY SALES 152,000 May 1 1939 bonds (Continued) Grand Trunk West Ry 4s 1950 Great North Pow 5s stpd- -1950 Grocery Store Prod 6s 1945 Guantanamo & W Ry 6s. 1958 Guardian Investors Corp— _ 1948 5s series A Bid 88 Ask 89 108% 109% 54 49% 103",600 22,000 1949 6s series B 137,000 Idaho Power Co 3%s 521,000 Illinois Pow & L 5Mis 992,000 5 %s series B 6s series A 1,517,000 2,664,000 328,000 112,000 702,000 202,000 63,000 107,000 343,000 386,000 236,000 69,000 1953 1956 19471 1953 5s series C 1951 j Indiana Hydro-Elec 5s A-_1958| A 44 36% 8 102% 96% 98% 99% 86 1st & ref 5s Indiana Service 5s 1st lien & ref 5s Ask Lowest Lowest Highest Sale Prices Sale Prices 89 90 Sale 90 90 % May May 25 108% 109M 110M 108M May 109% May 20 50 55 51 49M 52 May May 9 45 43 47 45 May 12 45 May 12 40 37 39 37 M May 22 1 8 99M May 12 101% May May 23% May 99 M Sale 101 102 May 102 103 101% 103 May 102 Sale 102% 103 101% May 25 103 May 109 110% 111M 111M 109M May 3 111 May 26 100 M Sale 40 30 30 101% Sale 20 26 % 21 40 25 26 May 3 26 20 M May 15 22 99 M May 1 101% 102 May 2 102 62 64 66 59 62 63 8 18 2 15 26 66 Sale Sale Sale 100 100% Sale 80 108 M 86 Sale 96 % 99 % 100 90 M 91% 109% 105% 52% 52 Sale 94 103 M 72 138,000 Int Pow Sec 6 Ms series C.-1955 7s series E 1957 148,000 98,000 7s series F 1952 1957 2,360,000 Interstate Power 5s Debenture 6s 1952 824,000 48 54 49 53 42 Sale 45 H 47 58 M 40 55 M 45 Sale 47 M Sale 67 M 45% 37 M Sale 60 Sale 42 82% Sale 88 M 77 Sale % 40 Sale 17 109% Mar. 3 52% Jan. 16 47 Mar. 31 45 Apr. 12 53 Jan. 9 36 Apr. 10 50 Feb. 18 98 Apr. May 18% 94% 101% 101% 108% 101% Mar. 26 May 26% Mar. 101% May 103 Apr. 103% Jan. 111 May Jan. Jan. Jan. Apr. Apr. 3 40 110 Jan. 27 Apr. 4 May May May May May May May May May May May May May May May 9 31 24 24 24 27 19 27 29 107% 85% 95% 101% 94% 96% 99% 11 28 3 6 18 1 12 26 May May May May May 29 26 31 31 31 36% Apr. 36% Apr. 41% Apr. 55 Apr. 38% Jan. 26 29 1 11 26 3 10 82 77 Jan. 103% 104 96% 96 109 106% 62% 61 82% 110 37% May 3 40 May 3 May 5 60 May 1 42 May 17 42 41 45 % 47% 67 % 46% 26 24 25 9 10 85 Apr. Jan. Apr. Jan. Apr. Apr. Apr. Apr. 86 65 8 Feb. 27 Feb. 27 Jan. May 31 May 24 May 24 101 Jan. 94% 103% 105% 100% Sale 66% Mar. 110% 94% 103% 105% 108% May 104 Apr. 50% Apr. 49 Apr. May May May May 108 May 105% May 45% May Sale 43 % 47% Sale Sale Sale 64% May 27 59 60 May 109M 110 Alndianapolis Gas 5s A 1952 Indianapolis P & L 3 Ms—1968 79M 60 108M May 87 May 99 % May Sale 103 M May 105M Sale Sale 96 % May 100 M Sale Sale 103 % Sale 99 May 101 100 M May 103% 104 92 M 96 M Sale 90 May 92 96 M 92 95 May 108M 109 % 108% May 106"" 105 105% 105 May Sale 61 M Sale 52 % May Sale 52 60 M Sale May Sale 83 81M 78% May 108% .May 108% Sale 87 99 % 103 % 107% Apr. Sale Prices 91 Mar. 11 40-_ 60 % Sale Sale Highest Sale Prices 87 Jan. 16 26 41% May Sale 86 84% 110% 1957i 110 1955 106% 107 56% Sale 1950 55 55% 1963 Indiana & Mich El 5s 50 41 1967 19571 "86"" 99% 1954 5s series C Indiana Elec Corp 6s 6 Ms series B 89%. 108 43 63% 63% May 31 Ask Bid 53 Hall Printing 6s A Allungarian-Ital Bk 7 %s.-1963j Hygrade Food 6s ser A 1949 Bid 48 99% Sale stpd—1947 40 26% AHaraburg Elec Co 7s _1935 30 22% iHamburg E & Und Ry 5%s'38 95 96% Heller (W E) & Co 4s w w.19461 102 43,000 Houst Gulf Gas 6%s x W-.19431 100 103% 106,000 6s 1943 103 75,000 Houston Lt & Pr 3%s 1966 109% Sale 329,000 1,000 41,000 448,000 SINCE JAN. Jan. 3 Jan. 1 $ 183,000 24,000 55,000 30,000 RANGE Price new york curb exchange Since Mar. 11 103% May 27 104 May 19 96% May 27 96 May 29 110% Jan. 28 Jan. 5 107 Mar. 14 6,3 62% Mar. 14 5 83% Jan. 110 May 10 68 Apr. 108% May 25 18 18 8 28 5 52% Jan. Mar. 9 55% Mar. 9 54 69% Feb. 28 49 2 Mar. Interstate Public Service 5s series D 1956 1,161,000 1,684,000 4Ms series F 1958 1,110,000 Iowa-Nebraska L&P5s._1957 5s series B 1961 133,000 163,000 Iowa Pow & Lt 4Ms A 1958 1957 431.000 Iowa Pub Serv 5s 112,000 Isarco Hydro-El 7s 1952 .. , 33,000 Isotta Fraschini 7s 620,000 Italian Suuerpower 6s 100% Sale 100 M 100% 105M 104M 49 M Sale 105 Sale 1942 80 Sale 1963 42 Sale 240,000 Jacksonville Gas 5s stpd-.1942 328,000 Jersey Cent P & L 5s B—1947 4 Ms series C 802,000 1961 42,000 Kansas El Pow 3 Ms 26,000 Kansas Gas & Elec 6s 128,000 Kansas Power 5s A 1966 2022 1947 1,340,000 Kentucky Utilities 5s 1,125,000 5s 267,000 6M8 series D 247,000 5Ms series F 1969 1961 40 Sale 84 102 M 101 % 107% 105 M 41 60 35M 40 M 89 % Sale Sale Sale Sale Sale 70 Sale 42 105 105M 104 105 M Sale 94 M 89 M 102M 102M 107 M 105 M 43 M 63 M 39 % 43 M 105 % 106 103M 105 119M Sale 102% 103 M 90 91 91 Sale 1948 102 M Sale 93% Sale —1955 104 % 102 M 106 105M 107 120M 123 104M 93 Sale 92 % Sale 103M 104 96 % 98 102 Sale 89% May Sale 84 May Sale 101% May Sale 101 May 108 107 May Sale 105 May 48 M 41 May 95% 89% 102% 102% Sale Sale Sale 105% 103% 39% 59% 108 Mar. 105% May 3 52% Jan. 12 39% May 25 31 40 May 8 43% May 31 May 29 104% May 4 May 31 105% May 29 106 38 Jan. Feb. 27 May 11 6 102 34% May 4 102 108 106% May 17 106% May May May May 98 Vs Sale 92% May 1 98% May 105 Sale May 5 106 104% May 101 101 % 97 May 3 101 % May 105 Jan. 98% Jan. 98 Apr. Apr. Feb. Apr. 70 Sale May 26 May 29 Jan 95% 89% 102% 102% 124 M 126 123 May 5 123 102 M 103M 102% May 19 103 98 98 Sale 92% May 1 17 5 11 29 31 12 29 Jan. 3 80 44 30 Mar. 10 47 Mar. 3 May 29,107 Feb. 24 105% Jan. 30 106% Mar. 21 103% Jan. 10 108 119 Apr. 20 123 101% Apr. 10 103% 98 88% Apr. 11 89% Apr. 10 98% 101 Apr. 14 106 3 101% 93% Jan. Mar. 17 May 5 Mar. 2 May May May May 29 31 12 29 Lake Superior Dist Power— 3 M % series A 1966 Lehigh Pow Secur6s 2026 1,470.000 4,000 ALeonard Tietz Inc 7Ms.-1946 1952 311,000 Lexington Util 5s 308,000 Libby McNeill & Libby 5s.1942 —1945 284,000 Long Island Ltg 6s 496,000 706,000 Louisiana Pow & Lt 5s 1957 AMansfield Mining & Smelt— 7s ex-warrants 1941 30,000 75,000 Marion Reserve Pow 4 Ms. 1952 McCord Rad & Mfg 6s 1943 15,000 Memphis Comm'l Appeal— Debenture 4 Ms 1956 40,000 1948 1,390,000 Memphis P & L 5s ser A 1947 24,000 Mengel Co 4Ms 169,000 Met Edison 4s series E—,-1971 4s series G 1965 198,000 112,000 Middle Sts Petrol 6 Ms A--1945 1943 126,000 Midland Valley RR 5s 756.000 Milwaukee G L 4 Ms 1,391,000 Minn Pow & Lt 4 Ms. 691,000 1st & ref 5s 1,181,000 Mississippi Pow 5s 5s registered 99 107 100 Sale 28 25 100 101 103 M 90 Sale 106% Sale 92 26 M 102M 103M 60 94% 93 88 80 9 5% Sale 89% 106 107 108 109 93 M 60 Sale 1967 1978 99 M 99 M 1955 104 M 1955 1955 82% Sale Sale Sale Sale 89 Sale Sale Miss Power & Light 5s 1957 1951 258,000 Miss River Power 5s 541,000 Missouri Pub Serv 5s A—-I960 108 162,000 Montana Dakota Util 5Ms '44 100 141,000 Nassau & Suffolk Ltg 5s—1945 -2026 1,350,000 Nat Pow & Lt 6s A Deb 5s series B 2030 1,900,000 74 77 98 Sale 92 M 36 Sale 2,133",666 134,000 t ANat Pub Serv 5s C O D.1978 2022 115.000 Nebraska Power 6s 4Ms 1981 251,000 127,000 Neisner Bros Realty 6s—1948 Nevada Calif Elec 5s 1956 1,345.000 80,000 New Amsterdam Gas 5s—1948 New Eng G & Elec Assn 5s 1947 1,529,000 462.000 5s - 1948 1950 Convdeb 5s 1,863,000 New Engl Pow Assn 5s 1948 1,818,000 Deb 5Ms 1954 1,369,000 58,000 New Eng Pow Co 3 Ms A..1961 New Orleans Pub Serv— 5s stamped 1942 329,000 a6s series A 1949 653,000 NY Cent Elec 5 Ms 1950 113,000 81,000 AN Y Pa & O RR 4 Msstpd 1950 N Y P & L Corp 1st 4MS--1967 1,381,000 N Y State E & G 4 Ms 1980 1,662,000 14,000 N Y & Westchester Ltg 5s *54 4s 2004 80,000 42,000 425.000 85,000 285,000 105,000 219,000 323,000 467,000 73% 109% 74M Sale 38 115M 116 107 M Sale 96M 98% 78 118 54 M 54 M 54 M 91M 93 M 107 % 100 M 92 M Sale 121 55 % Sale Sale Sale Sale Sale 102 Sale 101* 102 M 80 107 % 99 M 112% 105% Sale Sale Sale 40 58 Nippon Elec Pow 6MS----1953 Sale 97 A—1956 3Ms '47 Nor Cont Util 5%s A 1948 45% 47 % Nor Indiana G & E 6s 1952 107 107M Nor Ind Pub Serv 5s 1966 105M 106 5s series D 1969 105 M Sale 4MB E 1970 104% Sale Nor Amer L & P 5 Ms North Boston Ltg Prop For footnotes see page 53. 103 M 110 101 103 M 90 Sale Sale 40 Sale Sale 107% 107% 103% May Sale 110 May 29 45 93 100 % 82 Sale 104 Sale Sale Sale 103 96 M 85 95 102 82 96% Sale 84 107 108% 109% 110% 109% 111 M 110 96 % 95 M 95% 96% 60 58 60% 63% Sale 99% Sale 100 Sale 102 103% 89 % Sale 106 Sale 94 Sale 91M Sale 96 May 100% May 82 May 107 May 109% May 95% May 58% I^Iay 98 May 99% May 103% May 90% May 98% 100% Sale 98% 108 109% Sale 109% 108% 80 84 Sale 80% Sale 100% 100% 100% 100% 100% 85 Sale 108 Sale 100% Sale 38 37% 120% 122 110% 112 100 % 103% 79% Sale 93 Sale 85 108% 109% 107% 100% 102% Sale Sale 38 37% 120% 121% 123 109% 110% 110 102 103% 106 Sale 75% 78 118% 119% 119% 120% 118% Sale 60 61% Sale Sale 61 62% 62% 61 61% Sale 67% Sale 91 90% 90 95% Sale 93% 93% Sale 99% Sale 109 109% 109% Sale 109% 100% 23 Sale "83"" 80 56 26 11 55 100 Jan. Sale Sale Sale 95 5107% May 29 3 3 110% Feb. 30 Mar. Mar. 91 2 103% May 26 105 Feb. 14 102% Jan. Jan. 99% May 25 107% Apr. 18 105% Jan. 28% Jan. 11 30% May 5 103% Jan. 7 105% May 23 45 66 Feb. 27 May 1 95% Apr. 92 96% May May 91% Mar. 109% May 110% May 98% Mar. 66% Mar. Jan. 82 Apr. Apr. Jan. Jan. May 105% 107% 93% 58% 102 3 11 10 9 23 31 15 13 101% Mar. 16 14 102 May 31 14 106% May 25 4 95% Feb. 6 May 31 88% Jan. May 3 May 31 May 2 108% Apr. 12 100% May 31 11 110 May 3 Mar. 11 10 87 3 101 % Feb. 7 24 31 25 31 93 May 24 May 1 May 5 109% May 25 3 May 1 103% May May 29 May 10 38 May 8 121% May 23 6 May 24 111% May May 5 103% May 20 4 May 23 79% May May 16 120% May 19 2 67% May 29 5 67% May 26 2 67% May 29 2 95% May 31 99% May 31 1 May 31 109% May 31 May May May May May 73% Jan. 100 Jan. 77 Jan. 5 98 Jan. 3 109% May 25 3 103% May 3 92% Jan. 33 Apr. 115% Jan. 107% Jan. 96 May 26 May 4 May May May May May 13 1 11 31 29 Jan. 93 May 24 11 38 Apr. 29 5 121% May 23 3 111% May 6 23 103% May 20 89% Mar. 10 75% May 23 118% Jan. 55 54 Jan. Jan. 54% Jan. 87% Apr. 90 Apr. 107% Jan. 19 120% May 19 14 72% Mar. 13 27 72 3 72% 95% 10 99% 3 109% 11 2 101% 99% Feb. 89% Apr. 11 100% 4 105% 102% Apr. 79 Jan. 2 86% 109 105% May I 99 Jan. 112% Jan. 104% Jan. 50 56 Sale 97 May 1 100% May 24 107% 103% 104% 104 "48"" "50" 53% Sale 50 May 2 53% Sale 108 107% May 16 108 107% 108 Sale 105 May 2 1106 105% 105% 106 105 104% May 2il06% 105% 106% Sale 5 105% 103% May 103% 104 104% Sale 97 Jan. 107 93% Apr. 97% Apr. 102 Apr. 82 % J an. 99% May 102 May 106% May 94 May May 2 100% May 26 110 85 % May 1 May 22 100% 3 11 5 9 23 101% May 20 100% May 95 May 100% May 31 May 24 104 May 24 80 May 20 81% May 16 105% May 16 107% May 2 5 104% May 31 102% May 4 113% May 26 113% May 106 May 3 106% May 4 Sale 107% 106% Sale 104% 113% 113% 106 106% Sale 96% May May 82 May 109 % May 110% May 96% May 64 May 102 105% 104 107 103 54 Sale 101% 99% 104 95 103 81 103% May 26 104 May 31 99% May 25 107 May 5 ----- 106 M 98 % May May 94 May 106% May 101 5 30% 30% May 5 30% May 104M 105% 105% 104 May 11 105% May 23 45 Sale 50 May 1 53% May 16 53% Sale 100 22% Jan. 103% 95 99% 106M 106% 106% 104 107% May 29 110% May 10 26 Jan. 3 Mar. 11 Mar. 11 Mar. 6 May 31 May 31 Feb. 20 May 31 Feb. 14 Mar. 23 Mar. 13 104% May 31 27 113% May 26 14 106% Apr. 18 6 58 Mar. 11 II 100% May 26 May 24 107% May 4 4 Jan. 57% Mar. 14 6 108% Apr. 20 Mar. 95% Apr. 104 47 107 104% Apr. 104% Apr. 102 Apr. 14 107 Jan. 12 106% Jan. 26 11 10 105% May 29 new 52 curb exchange york AGGREGATE PRICES IN MAY SALES In May exchange curb Since 97M 98M Okla Nat Gas 4%s Convdeb 5s 1951 A ,1946 Okla Pow & Water 5s A—1948 109 Sale 105% Sale 102 % Sale 108% 109 Sale I05M 100M Sale Sale 105% 107% 91M Sale Sale 101% Sale Sale Sale 101 102 113% Sale 92% 94 113M 114M 76 30 92 M 98 97 Sale 32 Sale Sale Sale 97 102% 103 112% Sale Lowest Sate Prices Sale Prices 106 Sale Highest Highest I May 13 108 May 23 99% May 2.102% May 25 Sale 109 108M Lowest Sale Prices Ask 108% May 20 109% May 108% May 15(109% May 105% May 2 105% May 100 May 1107% May 97 May 1 101% May 103 102% 103% 102% May 112 % May Sale 113 114 104 Feb. 95 Apr. Sale Prices 21 108 May 23 8,102% Mar. 1 10 9 109% May 9 108% May 15 11-09% May 10 23 31 15 104% Mar 96% Apr. 91% Jan. 9 May May 108 Jan. 23 106% Jan. 21 11 107% May 31 3,101% May 15 Mar. 24 May 2 101% Jan. 9 104 112% Mar. 23 114 91 89 90 M 90% May 92% 112% 112% 112% May 113% 115 84 May 84 M Sale 86% Sale 40 37 May 36 37 M 37% 94% May 99% Sale 94% Sale 100 100% May 100% 103% 104 Sale 104 101% May 101M Sale 106% May 106% Sale 92% May 27 112% May 15 May 25 May 12 May 31 May 23 104% May 25 107 May 11 89 94 Apr. 13 Apr. 112% Apr. 26 113% Jan. 3 76 Jan. 87% Mar. 106% May 3 107 106% Sale 105% Sale 108% 108 106% May 20 105% May 18 100% 91% 106% 105% 3 106% May 20 3 105% May 18 4 109% Mar. 13 m x9olH 91 Jan. Jan. 98 Jan. 97 Jan. 32 7 26 37% May 99% May 3 104% Mar. 3 104% May May 3 4 1 12 31 10 25 11 1950 Penn-Ohio Edison 6s 105 M Sale 91M Sale 106M 107 % 105% Sale 18ll 103 Penn Water & Pow 4%s__1968 108 -1940 104 106M 106% 106% 103 M 102% 103 97% 93% Sale 99 95% Sale 112% 112% Sale Without warrants 100 % 1959 1947 5%s series B Penn Pub Serv 6s C 5s series D 1954 5s Sale % 104% 91M Sale Peoples Gas Lt & Coke 4sB_'81 Sale 4s series D 1961 95 Sale Phila Elec Power 5%s 1972 112 Phila Rapid Transit 6s 77 76 1962 Piedmont Hydro-Electric Co 233,000 50 51 6%s series A 1960 49,000 Pittsburgh Coal 4s 106 1949 105 121,000 Pittsburgh Street 6s 98 Sale 1948 16,000 APomerania Elec Co 6s—1953 18M 23 M 619,000 Portland Gas & Coke 5s_.1940 64 Sale 198,000 86,000 57,000 63,000 17,000 May 31 Ask Bid 106 105M 107 99 M 99 % 102% Bid 1962 Ohio Pub Serv 4s 05 Ask 104 % 106 M 1945 108 Ogden Gas Co 5s 1940 120,000 Pacific Coast Power 5s 1941 279,000 Pacific Gas & El 6s B Pacific Investing 5s A 1948 Without warrants 58,000 24,000 Pacific Ltg & Pow 5s .1942 2.188,000 Pacific Power & Light 5s__1955 90,000 Park Lexington Bldg 3s—1964 2,256,000 Penn Cent Lt & Pow 4%s_1977 5S 1979 153,000 1,246,000 Penn Electric 4s series F-.1971 71,000 5s series H 1962 433,000 /00.000 172,000 77,000 172,000 200,000 1,023,000 956,000 1,036,000 73,000 May 1 1939 Bid (Continued) 36,000 Northwest Elec 6s sbpd—1945 621,000 Nor'west Pub Serv 5s A—i957 120,000 66,000 581,000 902,000 702,000 1 Jan. 3 Jan. 1 bonds RANGE SINCE JAN. Price new york Potomac Edison 5s ser E__1956 1961 4%s series P Potrero Sugar 7s stamped. 1947 Power Corp of Can 4%s B.1959 107M 108 109 111 39M 41% 102 M Sale 1954 18 343,000 6% perpetual certificates— 112,000 Pub Serv of Okla 4s 1966 2,117,000 Puget Sound P & L 5%s__1949 970,000 5s series C_ 1950 988,000 4%s seriej D 1950 148 381,000 Queens Boro G & E 5%s.-1952 66 Sale /0.000 ARuhr Gas Co6%s 1953 ARuhr Housing 6%s A____1958 31 35 20 26,000 | ASt Louis Oas & Coke 6s. 1947 204,000 Safe Harbor Water Pr 1979 31,000 San Joaquin L & P 6s B 1952 131 iPrussian Elec 6s 22 107 75 40 103 110 Sale 77 79% 44 M 45% 103 104 97 18% 20 67% Sale 95% 105% May 102 May 108% May 98 107 May May 107 " 106 102% 102% May 93 May Sale Sale 95% May 112 May Sale 82 76% May Sale May May 107 May 11 103 May 2 May 29 May 31 May 5 May 26 98 99 113 80 41 Sale 107 109 103 97 20 May 6 45% May 31 104 96% May 18 97% 19% May 5 20 67% May 1 80 Sale 22 Sale 3 1 May 31 May 2 May 12 Jan. Jan. Jan. Jan. 4 108 38 103 Apr. 6 26 64 Jan. 3 108% 108% 107% 107% 107% May 23 109% May 17 109% May 4 109% May 13 108% 109 M 109% 110 43 45 44% May 15 45 45% 49 May 9 103% May 17 105 May 27 102% 103 M 104% 105 22 May 24 22 May 24 22% 30 17M 30 107 Jan. Feb. 152 Sale 147 Sale 107% 107% 107% 108% 107% 90 Sale 87 Sale 86% 83 % 83 M 84% 87% Sale 80 Sale 79% 83% Sale 146 May 2 May 23 108% 39% 100% 20% Jan. Jan. Feb. 31 26 12 29 31 15 18 Mar. 4 4 Feb. 4 Jan. 51 Mar. 31 108 95% Jan. 17% Jan. 76 Mar. 22 106 Mar. 15 108% Jan. Jan. 102% May 22 105 May 91% Apr. 10 98 92% Apr. 14 99 May 6 113% Feb. 111% Apr. 76 Feb. 80 Apr. 17 99 20% Mar. 17 May 23 80 10 109% Feb. 20 1C 109% Jan. 30 45 May 9 23 105% Mar. 14 10 23 Feb. 25 4 Pub Service Co of N J— Sale 106M 107M 75 % Sale 72 % Sale 71 Sale 147 83% 85 91 Sale 152% 108% 90% 87% 84% May May May May May 29 10 25 31 31 30 22 20 5 91% May 31 2 29% May Apr. 106% Apr. 75% Jan. 72 Jan. 10 152 % May 29 10 108% May 10 3 92 Mar. 11 3 90% Mar. 13 70% Jan. 14 63% Jan. 5 Apr. 14 35 16% Teb. 108% Jan. Feb. 1 24 110 Mar. 11 86 91 % May 31 25 18 83% May 29% May 29 20 16% 17 H 108% 109M May May May May May 17% Sale 108% 109 Sale 136 136 28 17% May 1 18% May 15 108% May 22 110 May 10 136 May 1 136 May 1 108% Sale 2 134 Jan. 11 18% May 15 Feb. 16 1 136 Apr. 29 27 Mar. 18 ASaxon Public Works— 39,000 2/,000 460,000 193,000 35,000 591,000 233,000 208,000 115,000 530,000 3,275,000 728,000 234,000 548,000 240,000 184,000 265,000 244,000 160,000 195,000 152,000 1937 24 1951 _ ASchulte Real Estate 6s 30 M Scripps (E W) Co 5%s 1943 Scullin Steel Co 3s Servel Inc 5s 1951 1948 Shawinigan W & P 4%s—1967 4%s series B 1968 4%s series D 1970 Sheridan Wyo Coal 6s 1947 Sou Carolina Power 5s Southeast P & L 6s 1957 2025 Sou Calif Ed 3 %s. .May 1 1960 3%s series B—July 1 1960 Debentures 3%s 1945 1st & ref mtge 4s 1960 Sale 31 101M 101M 64 67 107% 104 M Sale 104M Sale 104 H 104 73 76% 84 % Sale 95 108% 108 M 104M 110% Sale Sale 109M Sale 111M Southern Counties Gas of California 4%s 1968 104% Sale Southern Indiana Ry 4s—1951 44 45 M S'western Assoc Tel 5s A--1961 103 % Sale Southwestern L & P 5s 1957 103 M 103 % Southwestern P & L 6s 2022 81% 83 S'western Pub Serv 6s A.-1945 104 % 105 22 21 100% 48 105% 104 104 25 24 Sale 51% 22 51 Sale 80 92 90% 103% Sale 110% Sale 110% Sale 104% 104% 103 104 78 96% 106% 110 109% 103% 112 111 104% 105 103 111 40 25 22 Sale 100 Sale 48 May 9 25% May 22 May 19 May May 1 101% May May 18 51 May 10 19 44 Sale 102% May 25 105% Sale 102% May 19 104% Sale 103% May 25 104% 80 78 May 26 80 Sale 2 96% 90% May Sale 2 106% 102% May Sale 109% May 19 111% 110 109% May 23 111 104 103% May 24 105 May 17 112 111% 111 1103% May 25 43% Sale 39% May 10 104 , 102% 102% 103% 103% Sale 103 104 103% 104%: 103% 84 88 92% Sale 1^89% 106 107 107% Sale*®7 105 43% May 5 103 % May 13 104% May 17 92% May 3 108 20% Apr. 22 May 31% Jan. 103% Mar. 24 31 May 48 May 105% Apr. May May May May May May May May May May 5 5 8 10 31 31 12 12 10 9 102% May 102 Apr. May May May May May May 3 26 17 39% May 10 102% Feb. 3 102 Apr. 8 81 Apr. 11 104% Jan. 6 105% Sale" 103% 103% Sale 78 25 25% 100% 26 20 31 17 100 5 Jan. 107 106 Apr. 3 Feb. 20 105% Feb. 24 105% Feb. 16 103% Mar. 76% Jan. 83 Jan. Mar. 17 83 96% 106% 111% 111% 106% 112% 94% Jan. 108% Jan. 108% Jan. 103% Apr. Ill 9 7 65 Jan. 103% Feb. May May May May 105% 52% 103% 104% 94% 108 Jan. Mar. Jan. Mar. Feb. May 17 9 6 14 16 17 70 Mar. 9 70% Mar. 9 Mar. Feb. 31 31 12 12 2 8 Standard Gas & Elec— 907,000 6s stamped 6s conv stamped 785,000 6s 1,109,000 114,000 6s gold debs 824,000 6s 147,000 Standard Invest 5Ms 1,620,000 Stand Power & Lt 6s 277,000 AStarrett Corp 5s Stinnes (Hugo) Indus— 92,000 7s 2d stamped 112,000 7s 2d stamped.. 1,636,000 Tenn Elec Power 5s 1956 Terni 1948 1948 1951 1957 59 M 60 M Sale Sale 59% 60 % 59 M 60 % 57 57 57 56 Sale Sale 59 58% Sale 95 64 63% Sale 64% 64% 64% 64% 95% 65% 23% Sale 66 Sale 57 May 57 May 58% May 59% May 57% May 92 May 57 May 19 May 1966 60 61 1939 87 Sale 57% 90% 1957 Sale 57 Sale 1950 60 % 33 Sale 19 Sale 1940 1946 60 62 50 Sale 50 Sale 50 48 50 34 37 35 37 34 91M 99% Hydro-Electric Co— 1953 6 Ms series A 204,000 2,055,000 Texas Elec Service 5s 1,337,000 Texas Power & Lt 5s 1960 1956 6s 146,000 -.2022 628,000 Tide Water Power 5s A___1979 1,087,000 Twin City Rap Tr 5Ms A.1952 Ulen & Company— 6s 4th stamped 288,000 1950 68,000 United Elec of N J 4s 1949 United Elec Service 7s 136,000 Without warrants 21,000 AUnited Indus 6%s 90 49 % 99 Sale 103 % 100 Sale 87 % 50% Sale Sale Sale 61% 52 Sale 116M 117 39 99% 105% 104% 92% 57% Sale 45 Sale Sale 107 Sale Sale 34% Sale 117% Sale Sale Sale 99% 100% 45 Sale 104ft Sale 10$% Sale 109% 98% 62% Sale 41 Sale Sale 43 117% 64% May 27 May 25 May 27 May 26 May 26 95% May 31 65% May 31 23% May 29 19 Ag■ XI 1 6 50 34 Apr. Apr. sag n* May 1 May 17 99% May 55 50 35 May May 1 100% May Apr. 11 54% Apr. 11 55 Apr. 11 54 Apr. 11 54 Apr. ll 87 Jan. 3 70% Mar. 9 69% Mar. 10 70 Mar. 9 96% Mar. 25 70% Mar. 9 35 Jan. 5 8 64 14 50 Mar. 9 Jan. 14 6 ! 4 88% Jan. 30 100% Feb. 42% May 45% May 22 99% May 104% May 29 107 105% May May 18 105 May 10 110 May 25 92% May 98% May 26 57% May 63% May 31 38% Apr. 97 Apr. 19 53% Jan. 14 11 104% May 29 3 107 May 18 _ 34 May 117% May 2 41 May 26 5 117% May 25 Jan. 99% Jan. 86% Jan. 50% Jan. 103 4 110 25 May 25 98% May 26 26 63% May 31 52% Jan. 11 31 Apr. 11 Mar. 22 116% Jan. 4 118 1956 57 Sale 23% 23% Sale 72 Sale 70 52 Apr. 23 Apr. Apr. Apr. 27 Mar. 73% May 70 May 107May 108% 106 Sale 89 80 May 115 May 115% Sale 74 May 81% Sale Sale 94 97 May 84 May 92% Sale 31 31 25 31 1 31 29 27 72 68 Jan. 14 Jan. 11 Mar. 6 Mar. 9 Mar. 6 May 25 94 84 Sale 92 94% Sale 99 89 Sale 93 Sale 95 89 May 1 1 93 % May 82 94% Sale 97% Sale 91% May 8 97% May 31 87 Jan. 3 97% May 31 19 £ 107 J an. 16 31% Feb. 17 Jan. 30 109 107% 110 105% Sale 59% Sale 104% 105 1960 21% Sale 25% Sale 111 108% 110% 109 105 Sale 104% Sale 51 105 53 Sale 112 101 113% 115 Sale 102% Sale 104% 104% 104% Sale 106% Sale 106 55% Sale 105% 107 114% 115 102% Sale 106" 107"' 94% May 107% 89% May May May May May May May May 27% 82% 80% 107% 83 % Sale \ 78 40 51 73 Sale Sale For footnotes see page 53, 80 Sale 47% May 25 68 21 1957 Sale 78 3 Sale 87 Texas Util 5s A 80 May Sale 629",000 152,000 West United G & E 5Ms A_'55 35,000 Wheeling Elec Co 5s 1951 74% Sale 43 35 81 1,516,000 1,569,000 West 35 116 Sale 1944 50 26% 26% 106% 107 90 M 82 2030 47 104 % Sale 750.000 Virginia Pub Ser 5Ms A...1946 6s 166,000 1946 6s registered 1946 Conv deb 6s 267,000 179,000 West Penn Elec 5s 118,000 West Penn Traction 5s 45 35 35 114 73 M 94 — 5s series B 1950 Waldorf Astoria Corp—■ a5s income deb 1954 28,000 Wash Ry & Elec 4s. 1951 312,000 Wash Water Power 5s 1960 Western Newspaper Union— 35 Sale 1941 a 1st 6s 42,000 1945 221,000 United Lt & Pow 6 Ms 1974 Deb 6s... 540,000 1975 167,000 5Ms 1959 1,206,000 United Lt & Rys 5Ms 1952 6s series A 217,000 1952 Deb 6s series A 85,000 1973 303,000 Utah Power & Light 4MS-1944 6s series A 364,000 2022 116 81% 97% 92% 99 % May 31 26 104% Mar. 78% Apr. 90 Jan. Feb. 24 116 112 May 1 81% May 31 97% May 29 94% Mar. 11 68% Apr. 91 Apr. 81% Apr. 89% Apr. 10 Jan. 3 99% May 31 93 % May 26 May 5 20% May 26 27 May 26 108% May 4 109 104% May 27 105% May 1 104% May 27 108 52 May May 113% May 102 May 104% May 106 May 5 50 63 Mar. 4 Apr. Jan. 28 105% May 9 110% Jan. 26414% May 26 99 8:102% May 10 Apr. 104% Apr. 24 105% Feb. 16 106 Jan. 20 106% Jan. 3 105 3 55% May 31 1 105% May 9 41114% May 26 11102% May 10 3 104% May 3 3,106 May 3 104 May 26 Mar. 8 NEW YORK CURB EXCHANGE June, 1939] 53 AGGREGATE PRICES IN MAY SALES Tn May new york curb exchange Since Jan. 1 % 198.000 47,000 19,000 52,000 May 1 1939 bonds (Concluded) 897,000 Wisconsin P & 4s A. & 476,000 Yadkin River Power 166,000 tAYork Rys Co 5s 359,000 5s stamped RANGE SINCE JAN. I Price Jan. 3 Bid 1966 Bid May 31 Ask Bid 100% Sale 5s—194l' 1937 *1947 Ask 102% Sale 102 104 104% 105% 91 89% 89% 92 102% 87% 90 87 106 Ask Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Sale 102% May 1 106% May 24 100% Jan. Sale 104% May 87 May 88% May 2 105% May 31 91 % May 26 2 92 5 May 29 102% Jan 4 105% Feb. 15 Jan. 17 87 Apr. 20 94 86% Apr. 24 94% Feb. 21 93 Sale 87% 90 88 25% 26 30 30 30 25% 25% 30 30 26 29 26% 24% 24% 26 29 24 32 24 29 24 32 24 29 8% 8% 8% 15 15 15 13% 13% 18 7 15 15 15 11% 11% 11% 11% 11% 11% 20 3 106% May 24 . foreign government and municipal 2,000 19,000 20,000 2,000 15,000 1,000 Agricul Mtge Bk Rep of Col— A20-year 7s Jan 15 1946 A20-year 7s Jan 15 1947 a7s ct£s of deposit 1947 6s ctfs of deposit 1947 Antioquia (Dept) Colombia— a7s ctfs of deposit 1945 a7s B ctfs of deposit 1945 a7s D ctfs of deposit 1945 a7s 1st ser ctfs of dep 1957 a7s 2d ser ctfs of dep. 1957 a7s 3d ser ctfs of dep 1957 ABaden (Germany) 7s 1951 Bogota, City of (Colombia)— a8s ctfs of deposit 1945 - — 11,000 36,000 1,000 Caldas > 17 30 17 18 12% 11% 11% 11% 11% 11% 18% 11% 20 11 20 11% 7 18 18 18 18 18 26 May 4 26 May 4 25% Feb. Jan. 2 28% Jan. 7 Apr. 21 11 27 24% Jan. 16 24% Mar. 14 8% Jan. 26 11% Mar. 13 26 18 18 18 11 Mar. 16 11 Mar. 16 18 4 19 May 26 27 4 19 Feb. 15 17% May Mar. 10 15 Mar. 10 10 Jan. 17% May (Colombia)— a7%s ctfs of deposit 1946 (Dept of) Rep of1 Colombia extl s r 7s 1948 a7s ctfe of deposit 1948 20 11% 17 11% 17 Sale Sale 13% 11% 15 14% 11% Sale 18 18 30 40 11% 18 30 21% 21% 30 30 25 25 Sale 23 30 22 30 23 30 22 86 95 91 30 Sale 82 91 86% 88% 31 22 27 ACauca Valley 8,000 94,000 8,000 13 12 18 13% May 3 15% May 31 28 16% Mar. 13 Jan. 11% Mar. 18 12 31 21% Apr. 21 25% Mar. 25% Mar. 19% Feb. 22 3 ACent Bk of German State & 1951 1952 Prov Banks 6s B a6s A 13,000 8,000 40 23 23 22 Jan. 7 3 Colombia 7,000 18,000 2,000 190,000 90.000 10,000 27,000 12,000 7,000 12,000 2,000 20,000 7,000 66,000 101,000 98,000 23,000 57,000 42,000 129,000 120,000 1,000 2,000 (Republic of)— a6s ctfs of dep (A & 0)--1961 a6s ctfs of dep (J & J) —1961 Danish Cons Munic 5%s-_l955 5s -_--1953 Danzig P & Wat'way Bond Aexternal s f 6%s 1952 AGerman Cons Munic 7s_>1947 a6s 1947 AHanover (City) Ger7s 1939 AHanover (Prov) 6%s 1949 ALiua (City), Peru, 6%s_>1958 AMaranhao ?State) 7s 1958 AMedellin (Colombia) 7s. .1951 7 % ctfs of deposit 1951 a6%s ctfs of deposit—.1954 19% 19% 99% 97% 99% ----- 40% ----- 17 17 17 20 18 17% 17% Sale 22 21 18 22 17 26 15 20 18 12% 10 10 10 13 11 11% 6% 11% Sale 19 22% 18% 20% 20 18 11% 11% 14% 11% 11% 25 ----- Sale 13% 7% 20 13% 11% 11% 24% 30 25% 28 25% 30 24 32 24 30 25% 30 25% 30 24 27 24 24% 19% 18% 20% 18% 11% 24% May 29 16% Apr. 11 16% Apr. 11 20 11 May May May May May May May May 25 20 15 17 23 31 3 26 26 90 24% May 29 17% May 2 17 May 1 20% May 9 18 May 5 10 May 2 10% May 9 13% May 3 28 Sale 97 Jan. 85% Apr. 18 100 85 Apr. 20 96% Jan. 6 5 35% Feb. 20 Mar. 6 20 Mar. 6 17 Jan. 31 22 Apr. 14 Apr. 10 20 13 15 15 10 May 2 6% Jan. 20 11% Jan 3 10 Feb. 2 4 Mar. 17 Mar. 10 Mar. 10 32 24% Mar. 29 91% May 16 88% May 12 30 25% 17 86% May 3 87 May 13 14% 15 16 18 15 . 18 9 Jan. 20 Mar. 13 10 Feb. 2 9 Jan. 20 Mtge Bank of Bogota— 37,000 6,000 11,000 2,000 13,000 17,000 17,000 40,000 36,000 37,000 90,000 174,000 219,000 110,000 161,000 6,000 26,000 30,000 66,000 33,000 9,000 * n a7s issue of May 1927—1947 a7s ctfs of dep (May) —1947 A7sissueof Oct 1927 1947 a7s ctfs of dep (Oct) >1947 AMtge Bank of Chile 6s—1931 Mtge Bank of Denmark 5s 1972 AParana (State of), Brazil 7s'58 *Rio de Janeiro 6%s 1959 ARussian Govt 6%s— —1919 a5%s 1921 Santa Fe (City) Argentina— a7s stamped. 1945 ASantiago (Chile) 7s 1949 a 7s 1961 No par value, Sold under the rule. — 25% 16 96 8 10% 9 5% 45 13% 13% 12% 11 By 58 12% 10% % % 7 Z/a 17 Sale 13 49 Sale 14% % % Sale 9 11 8% 10% 17 87 94 Sale Sale Sale Sale 52 Sale 49 Abbreviations Used Above: "conv" convertible, r Deferred delivery sale, Sold for cash. "cum" cumulative, x Ex-dividend. "m" mortgage, a a Bonds being traded flat. J Reported in receivership. Abbreviations Used Above: "n-v" non-voting, "vtc" "cod" certificates of deposit, "w w" with warrants, "x-w" without warrants. May 8% May 8% May 1 5 3 12% May 19 May 3 12% May 31 11 May 11 % May 4 % May 4 91 52 May 31 11% May 24 11% May 24 Apr. 11% Apr. Apr. 8% Jan. 5% Jan. H Jan. % Jan. 21 17 14% Mar. 11 % Feb. 23 % Jan. 11 Apr. 27 52 8% May 8% May 5 3 90 47 1 26% Mar. 6 26 Apr. 21 16 Jan. 3 24 96% Mar. 17 20 4 12 15 Mar. 10 Mar. 10 14% Jan. 14% Jan. 25 2 a Deferred delivery sales, in which no account is taken in computing range, are given below: Avery (B. F.) Sons 5s, w. w., 1947, May 22 at 93. Under the rule sales, in which no account is taken in computing range, are given below: n No sales. voting trust certificates, "w i" when issued. "cons" consolidated. \ 14% 90 21 26 12% 10% % % 13 1 4 25% Jan. 12% May 19 May 1 10% May 5 10 May 15 % May 4 % May 2 10% 10% 26% Mar. 25% Jan. Cash sales, in which no accodnt is computing range, are given below: Borne Scrymser Co., May 26 at 15. r taken in Chicago Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON CHICAGO STOCK EXCHANGE 1939 Stock Sales May. Jan. 1 to 1939 May 375,000 2,531,000 .3,145,000 May 31 Bond Sales 1938 467,000 Shares. Jan. 1 to May 31 - 1938 $2,000 20,000 $26,000 895,000 AGGREGATE CHICAGO SALES May Jan. 1 BONDS Shares 1,377 ""138 110 1,850 650 300 200 400 150 927 50 1,000 3,177 4,498 100 750 300 *650 845,000 Commonwealth Ed 3%s__1958 Stamped 25,000 70 970 200 500 2,450 900 2,000 13,400 5,300 100 850 4,965 780 50 50 2,600 100 "3",475 695 80 2,370 2,200 600 7,610 2,970 23,915 39.7C3 1.80U 7,650 1,700 3,100 pref—100 capital-.100 American Pub Serv Amer Tel & Tel Co Armour & Co common Aro Equipment Co com Asbestos Mfg Co common Associates Invest Co com Sale 54 55% 61% Sale 55% May 32 34 35% 8% 6% Sale 34% May 8% May 5* May May May May May 6 May 31% May 21% May 66 May 156% May May May May May 2* May 2% May 7% 9% 2* com 7 11 47% - 64 - 150% 5% 8% 6* 2% Sale 9% Sell© 36% 3% 4% Sale 2 Sale Sale % Sale Sale 8 14 17 J* 5 fcal) 11 5* 5% 7* 4% 19* Sale 32 corn- tale Sal 5* 20 16 22 7* Common. ha. — — - — 2% Sale 9 Butler Bros common Sah 20* Sale 8% Sale Sale 5% Sale 21 12 20% 18 10 17 18 15 13 Sale 66% Sale Sale Sale 101% Sale 47* Sale 2% 4% 15 15% 15 15* % Sale 2 35 36% 14% 25 70 71% % * 11 % % 4% 4 1% 101 48 2% 15% 16* 24% Sale 20 23% 1* 10% 3% \x Sale 5% 11% 10* 2* 5% Sale 7 20 Sale 5 61% May 29 11% Sale 18 18% 11* 13* 72* Sale * 4* 1* a Sale 5 16* 13 Sale 12 h Sale 5 Sale Sale Sale % 1% 33* >4 8 14 it* 17% 6% 36 21% 78 165% 5% 8% gX 30* 35^ 3% 2% ' % May 25 4% May 17 2* May 2 May 15 May 3 May 6 May 13 May 24 May 31 May 25 May 31 May 27 May 27 May 31 May 31 May 25 May 11 May 26 May 29 May 29 May 6 % May 25 5* May 25 2% May 25 14 26 11 16 25 May 1 9* May 24 15* May 31 8 May 22 6 May 25 24% May 31 10% May 31 4% May 23 15* May 3 25* May 9 21 May 27 20* May 26 5% May 11 11% May 31 11* May 3 6% May 17 19% May 18 7% May 25 20* May 25 10% May 16 17% May 4 13 May 1 66% May 1 11% May 31 May 8* May 11% May 7% May 4% May 20* May 9% May 4% May 14% May 22 May 17% May 20* May 5% May 9% May 11% May 23 1 17 1 5% 16% 13% Sale 33 h 34 12% 62% 25 12% 35 25 65 72 75 4 15 May 4 May 23 May 1 May 1 May 19 May 1 13 May 1 101 48 3 1 1 * May 17 33* May 12 t* % Jviay 18 May 13 May 73 7* 860 60 390 109 30 510 68 6,106 33,987 83% 1,300 9,980 6,900 7% 2* 18% 27* 46,550 720 271,430 Com'wealth Edison Rights 854,000 com 8* 110 69* Sale 8 2% 35 Sale ; 5% 6% % May 4 4* May 25 1 * May 2 104 May 26 51% May 5 3* May 25 16% May 25 13 May 1 68* 63% Sale 6* 6% 2% Sale 21 27 26% Sale 21% 22 9% 8% "l",l56 6,200 14 1,500 1,834 6,600 13,926 6 Sale 5 9 Sale 7% Sale 15 Consumers Co— 1,800 6* 7* 270 670 2% 3 120 880 1 583 175 4,724 1,905 20 635 5% 1* 690 190 1,100 For footnotes see Cum class A pref. page 56. 6% 3% 10 10% 20 22 108 Sale 22% Sale 56 Sale 56 59 14 15* 1% 12% 14 16% 2 1 16 10,850 800 4% 1% 37 1 70 20 2'2fo°l 16% Sale 27* Sale 101% 9,103 Crane Co common 1,910 Cudahy Packing Co pref 4,951 Cunningham Drug Stores. .2% 1,561 Highest Sale 12 26 Sale 23 5% 7* 70* 71% Sale Sale 6% 2% 23% 28* Sale 2* 27 Sale 11 Sale 5 7% 5* Sale 6 59 % May 6 6 May 24 108% May 3 109 68% May 70* 2 62* May 17 71% 8 May 24 May 3 May 31 May 31 6 6% May 27 2% May 29 27 May 29 28* May 25 9 % May 3 5 May 24 11 7% May 15 8 May 19 2% May 1 23 May 16 26* May 2 4% May 1* 3* 1* May 1% % May Sale 10* May 22 24 21% May 109 108% May 24* Sale 21* May 50 55 50 May 15 16% Sale May 1 2 1 May Sale 14 12* May 27 Sale 27 May May 31 4 May 25 5% May 55 May May May May May May May May 17 May 4% 1* % 11% 22% 108% 24* 1 May 14% May 27 May Jan. 19 43 Jan. 3 11 9 22 8 8 10 9% Jan. 3 3 9 4 22 10 17 2% May 6 1* Jan. 23 % May 25 4% Apr. 10 2% Apr. 26 Apr. Jan. Jan. Feb. 2% Apr. 6 Apr. 18% Apr. 9* Apr. Apr. 12% Jan. Apr. 1 Jan, 45 Jan. 2% Apr. 11 8 13 11 16 24 12* Apr. Apr. 24 Apr. 10 Apr. Apr. 18 62 Jan. 25 10 12 19 31 11 20 27 9 19 8 3 31 5 Apr. 13 Mar. 21 6 May 2* Jan. 18% Jan. 25% Apr. 13c Apr. 9 Apr. 5 Apr. 7 Apr. 4% 1* % 9% 16% 102% 21* May May Jan. Apr. Apr. Jan. May 50 May 12% Apr. 1 Apr. 9 Apr. 23 Apr. 6 May 31 10% 4 25 Jan. 4 Jan. 36 Jan. 17 3% 4% 2% * 8% Feb. 27 Jan. 3 4 Jan. 14 Feb. 10 Apr. 4 Mar. 8 Feb. 27 Feb. 18 Mar. 15 May 31 5 Jan. Jan. 5 3 31 19 10 3 27 9 4 19 3 14 3 8 16% 23% 15 75% 6 5 4 2 Jan. Jan. Jan. Mar. Jan. 6 56% 188 5 Feb. 6 9 11 19 14 27 11 11 26 11 11 Mar. 10 Mar. Feb. 4 28 2% 38% 14% 78% Jan. 4 Apr. 13 % Apr. 25 1 2H Mar. 67% Jan. 53% Apr. 3 Apr. 5 1% Jan. Mar. 17 26 108 24 108 6 Jan. 6% Jan. 9 Jan. 15 0 23* Mar. May 27 Apr. 28 8 Apr. 100 8 17 . . 16 Jan. 6% Jan. 29% Jan. 10% May 5% Jan. 20* Mar. Jan. 32 May 21 23% Jan. 7% Jan. 17% Jan 11* May 3% Mar. 20* Apr. 5 Apr. 9% Apr 4* j?a 7* 14% 10* 15* 11% 7% Jan. 10 Apr. 6% Apr. 4% Apr. 16% Apr. 7* Jan. 2% Apr. 13% Apr. 20 Apr. 9 Mar. 4 Jan. Mar. 30 Apr. 11 2% Apr. 29 17 Jan. 10 170% Mar. 11 3* May 17 8 May 11 13 Mar. 8% Mar. 19& 26 Jan. 147% Apr. 30* 64% Mar. 15 11 88 May 25 74 10 19 120 5* May 1% Apr. Apr. 11 Apr. 16 May 5 Apr. 28% Apr. 20% Feb. it 1% May 34* May % May 18 110 109 Jan. Jan. May 29 11 1 100 40 53% Apr. 31% Apr. 5 14 %May 27 105 49 35% 8% 6% 2% 3 21 15 "1% 9 Sale Sale Sale 4% 21 2% 2% 6% Sale 19% 5% 23% 6* 15 9% Sale 21 17 Sale Sale Sale Sale Sale 5% 6% 10% Sale 11 5 13% 15* 14% 68 2% 8% 25 9* 9 13 8 5 22 * 5% 11,850 4,283 6% Sale 4 19 15% Sal, 9 8% 11 J* 7% '4% 20% 9% 14% 22% 17% 17 20% 6% 13* Sale 18% 6% Sale 35% Sale "78" 66 9* 164% Sale 157% Sale Sale 4 4 y8 Sale 9 7% 9% 8% * % % 38 36 33 30 % 2* 3% 3% 2% 2% 3% 2% 3% 2 3 3% 2% % */4 % % 5% Sale 5% Sale 2% Sale 2% 2% 5 29* Berghoff Brewing Co Binks Mfg Co capital Bliss & Laughlin Inc 5% 31% Sale 25 21% 14 8 7% 12% 7 6 12% 10% 2% 15 % 60 Sale 7% 95,030 16,000 750 200 1 Sale Prices Sale Prices 105 Apr. 14 112* May 26 109 Jan. 3 112* May 25 120 14 Backstay Welt Co common... 40 Chicago Electric Mfg A 812 Sale 24% 50 Chic City Con Ry pt com__. "1,650 8* „ 2,130 1,200 12% 19* 21 8* 3* 4,900 2,690 3,100 1,450 12", 600 3% 7% 78 6,750 4,600 59,160 150 Sale 34 4,180 1,130 13,290 Central 111 Pub Serv pref... Cent 111 Secur Corp— 730 180 9* 18% 7% ' Campbell Wyant & Cannon Foundry capital 1,393 580 109% May 6 112% May 26 107% 107* 112% 113 107% 107% 112% 112% 112* May 25 112* May 25 130 Sale 9 413 Auburn Auto Co common 950 1,200 5,400 6,800 5,650 5,400 76,505 24,160 1,250 10,100 36,174 2,020 1,500 3,550 15,300 1,000 3,650 36,388 5,277 Lowest Highest Sale Prices 58 1 1 Athey Truss Wheel capital.. 1,000 Automatic Products 2,600 8,437 63,800 Sale Lowest Sale Prices Ask Ask Bid Bid 43 _ 800 SINCE JAN. par — 270 200 109 * 8,131 Abbott Laboratories com 20 4% % cum conv pref 100 25 1,115 Acme Steel Co common 570 Adams (J D) Mfg common .* * 4,450 Adams Oil & Gas Co com. 5 3,850 Advanced Alum Castings 5,150 Aetna Ball Bearing common-_1 4,000 Allied Laboratories common. * 1,850 Allied Products Corp cl A—25 Common 10 1,850 * 6,207 Allis-Chalmers Mfg Co 200 Altorfer Bros conv pref—... * 20 2,600 STOCKS Shares Ask May 31 1 May 1939 Bid ifs 6,000 20,000 RANGE Price Jan. 3 Since % IN MAY PRICES STOCK EXCHANGE In 13 Jan. 4 Mar. 10 Feb. 8 8 Jan. 2% 8% 110% 72 84* Mar. 4 Mar. 1 Jan. 4 Feb. 21 Feb. 23 Mar. 9 9% Feb. 3% Mar. 27 May 28* Mar. 22c Apr. 15* Jan. 6* Mar 9% Jan. 6 2 29 11 7* 2% 1% 16% 29% 108% 37% 27 7 13 7 Jan. 6 Feb. 21 Jan. 19 Jan. 3 Jan. 4 Apr. 15 Jan. 4 73 Mar. 8 17 May 19 Apr. 26 1 17* Jan. 20 May 31 27 CHICAGO June, 1939] 55 EXCHANGE STOCK AGGREGATE RANGE SINCE JAN. 1 Price Jan. 3 Since In PRICES IN MAY chicago stock exchange SALES STOCKS May Jan. 1 Shares Par Bid 10 —100 28 Ask Ask Ask Bid Bid Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices May 31 May 1 1939 Shares Decker (Alf) & Cohn— 250 Common 3,000 Preferred 60 80 2,185 '""470 955 405 50 600 750 4,550 1,150 385 300 700 200 750 1,050 100 448 ""866 1,347 "6",822 ""'170 ""400 2,147 800 4,550 5,600 50 1,950 700 200 600 150 2,080 450 3,875 1,850 1,806 700 100 356 1,820 40 "5,366 150 50 1,850 3,300 220 700 300 ""766 3,450 500 30 1,000 ""150 495 250 60 150 65 305 200 200 310 110 50 300 140 9,160 3,060 190 "5",766 19,560 ""800 2,000 3,500 9,800 6,800 80 400 600 900 40 900 90 50 290 70 2", 000 650 100 500 2,800 250 1,100 250 ""40 30 150 * 6.450 Gardner Denver Co common-* $3 cum conv pref 20 700 2,114 General Amer Transp com--5 1,500 General Candy Corp A.: 9,100 General Finance Corp com—1 * 7.133 General Foods common * 10,150 Gen Household Util com 10 47,435 General Motors Corp 933 General Outdoor Aav com—* 3,082 Gillette Safety .Razor pref—* 40 Godchaux Sugar Inc class A-_* 4,050 Goldblatt Bros Inc common. _* 12,423 Goodyear Tire & Rub com_. 2% Sale 12,040 Hall Printing Co common.--10 760 Hamilton Mfg cl A part pref-10 2,500 Harnischfeger Corp common .10 18,750 Helleman Brewing Co G cap__i 2,000 Hein Werner Motor Parts-. .3 1,760 Hibb Spencer Bartlett com..25 * 2,460 Horders Inc common. 900 Hormel & Co (Geo) com A—* Houdaille-Hershey— Class B * 12,413 1,310 Hubbeli, Harvey, Inc com—5 1 13,132 Hupp Motors common.. 10,800 13,492 2,550 1,100 1,983 10,349 10 Illinois Brick Co Illinois Central RR com—100 Indep Pneum Tool v t c 10% 20 % Sale Sale 12 5 Sale 4% Sale 5% 6% 9% 10% 32% Sale 6% 7 18 20 2% 3 19% 20 25% 28 35 33 8% Sale 15% 14 M 2sih 42% Sale 12 4 9% 2 13% 12% 4% 10 2% 14% 59 Sale 11 Sale 2% 39% Sale % Sale 49% Sale 6% 6% 7% Sale 33 "ll% 36% 1,300 1,200 12,950 17,400 37 Sale 11% 23% 11% 24% 17% Sale 10% 2 12 6% Sale 20 21 Jefferson Electric Co com * Joslyn Mfg & Supply Co com-5 Katz Drug Co common 1 Kellogg Switchboard com * Preferred 100 260 3,240 Kentucky Util jr cum pref--50 6% preferred 100 690 1,250 Ken-Rad Tube & Lp com A—* 5 7,250 Kerlyn Oil Co common A 10,150 Kingsbury Brewing Co cap—1 5,500 La Salle Ext Univ common—5 Sale 23 170 Lawbeck Corp 6% cum pref 100 * 7,430 Leath & Co common.. Cumulative preferred * 680 10 2,000 Le Roi Co common— 9,067 Libby, McNeill & Libby 7,050 Lincoln Printing Co com $3.50 preferred * 1,010 1,450 Lindsay Light & Chem com. 10 Preferred 10 50 * 3,985 Lion Oil Ref Co common 1,845 Liquid Carbonic common 3,000 Loudon Packing common 450 Lynch Corp common * * -.5 1,980 McCord Bad & Mfg "A" * 540 McQuay-N orris Mfg com 600 McWilliam Dredge common.-* Manhat-Dearborn Corp com.* 6,650 * 250 Mapes Consol Mfg capital * 108,470 Marshall Field & Co com 1 26,910 Mer & Mfrs Sec cl A com Prior preferred * 2,530 40 Metrop lndust allot ctfe 21,050 Mickeiberry's Food Prod com.l 5 222,070 Middle West Corp capital Midland United Co common.-* 5,500 Convertible preferred 11,450 34,140 Midland Util 6% pr lien.-.100 7% prior lien -.100 19,160 7 % preferred A 100 37,902 6% preferred A .100 13,230 910 Miller & Hart Inc conv pref.-* 1 2,600 Minneapolis Brew Co com * 2,000 Modine Mfg common * 1,000 Monroe Chemical Co com Preferred 120 * 1,260 Mountain States Power preflOO 1,280 Muskegon Mot Spec class A.-* 550 Nachman Springfilled com—* National Battery Co pref * 2,470 580 Nat'l Bond & Invest com 300 Nat'l Pressure Cooker Co * 2 4% 6% Sale 85 Sale 69% Sale 8 9% 3% Sale % % 2% 2k 29 3 Sale 22 25 31% 7 7% 6% Sale 5 Sale 29% 18% 29% 13% 3 13% 2% 13% 260 100 1,500 "loo * Convertible preferred * 420 1,350 Parker Pen Co (The) com—10 .* 3,400 Peabody Coal Co B com 40 6% preferred 100! 2,800 Penn Elec Switch conv A—101 For footnotes see page 56« 15 *3% 14 2% 14 64% Sale 9. 3% 4% 9% 7 5% Sale 8 8 8% 35 39% 10% 11% 24% Sale 10% 11 10 1% Sale 4 4% 10% Sale 18 2% 72 3 75 553^ Sale "2%::::: 28 Sale 9% Sale 23% Sale 12% 3% 4% 8% 9% 10% 24 14% 16% 10 7% 25% 15% ^ 50 15% 20% May 29 5% 6% 10% 32% 7% May May May May May 19 May 4 May 20 May 29% May 23 25 11 1 19 16 22 3 31 14% May 27 3% May 26 14% May 10 2% May 3 13% May 25 62 May 16 47% May 31 2 2% May 25 45 May 31 1 45% May 9 6% May 23 6% May 31 10% May 10 24% May 18 9 May 2 21% May 17 11% May 31 28% May 29 10 May 11 23% May 31 10% May 13% May 29 11% 24% May 17 9% May 8 1 % May 1 May May May May May May 26 31 15 16 10 31 4 3% May 16 16% 25% 18% 41 4% 6% 5 7 90 98 Sale Sale 38 84 6% Sale 88 3% Sale 6% 3% % 7% Sale 22% May 25% May 24 3 % May 25 3% May 25 % May 11 2% May 29 27 May 9 3% May 24 17 May 40 May 4% May 6% May 75% May 33 May 84 May % May 11 1% May 20 27 May 9 2% May 24 3 35 10 4% Sale 25 27 28 30 29 Sale 17% % 20% 10% % 3% May 16 1 2 10 4 1 8 19 1 „ 35 3 36 23 29 31 12 10 1 4% 13% 19% 2% 79% 60% Sale 2% 26% 7% 4% 8% 9% May May May May May May 4% May 2 10% May 17 17 May 8 2% May 16 76% May 3 55 May 1 35 29 5 4% 5 12% Sale 18 19% 2% 3 76% Sale 59 % Sale 39 2* 2% 9% 14% 15 1% Sale 25 4% 7% 22% 3% 16 15 16 1% 6% 11 % 20% 12% 32% 16 5 16 Sale 4% 27% Sale 3% Sale % 3 4 7 4 Sale % % 2% 9% 15 Sale % 3 10 16 2% 3 43% 16% 17% 6% 8 32% Sale 10 11 6 oy° 8% May 18 4% May 15 2% May 25 26 May 9 2% May 16 Sale Sale Sale Sale 1 W 17 2 3 17 % 20 2% 6% 11 % 2% Sale 41% 7% Sale 18 43 11% ,At 105 14 12% lly 20 Sale 20% 7% 8 33% Sale 12% 14 4% • 6 16% 1% 18 2% 40 19 1% 8 27% 16% 18 May 40 May 4% May 7% May 92% May 38 May 88 May 9 May 4% May 3 May May 2% May 27 25 10 24 19 19 31 25 2 15 1 18 16 54 Sale 5% May 16 28% May 29 10,% May 25 % May 26 19 May 3 10% May 1 3% May 19 26 May 2 6 29 10% % 20% 12% 4% 27% May May May May May May May May 4 31 25 4 16 25 26 25 2% May 6% May 4 1 3% May 24 7% May 3 2% May May May % May % May 2% May 10 May 16 May 2% May 44% May 51 May 17% May 25 3 1 5 5 25 8 2 13 27 2 2 3% May 22 5% May 31 5% May 31 1 May 25 % May 25 2% May 27 11 May 10 18% May 10 2% May 13 45 May 27 55% May 11 19% May 3 7% May 24 32 May 9 11% May 12 7% May 24 33% May 31 12% May 29 4 4 May 11 3 21% Sale 2% 2% 6% 10 11% Sale 7% Sale 15% 11 13 15% Jan. 13% Apr. 4 Apr. Apr. 6 9% May 18 32% Mar. 30 6 Apr. 11 14% Feb. 2% Apr. 17% Apr. 24% Apr. 10% Apr. 10 3 Apr. 24 10 Jan. 2 Jan. 18% 2% 6% 11% 7% 17 47 16 2 11 1 3 22 22 42 May May May May May May May May 18% Sale 14 Jan. 7 Apr. 13 60 Jan. 5 12 14% 5% Apr. d* 12% '14% 20 Sale % 20 50 19 14% 15% 14% Jan. 13 Jan. 10 4 27% Feb. 28 13% May 29 6 Jan. Mar. 30 5% Jan. Mar. 3 6 6% Jan. 9 7 9% May 31 Apr. 34% Jan. 10% Apr. 23% Apr. 37 13 Jan. Feb. 25 Mar. 3 4 1 8% Aor. 11 9 % May 8 1% Apr. 1 17% Jan. 12% Feb. 2% Jan. 3 16 5 4 8 28 4 10 8 10 11 26 11 24 5 11 6% Jan. 20% Jan. 22% Jan. 3 4 4 4 Apr. 9% Apr. Apr. 2% Apr. 66% Apr. 49% Apr. 2% Jan. 2% Jan. 15% Jan. 18 Apr. 17 Apr. 36 Apr. 3% Apr. 17 Feb. 16 Mar. 8 Jan. 3 5 74 29 Jan. 4 94% Jan. 5 9 4 66 Mar. 6% Mar. 10 5 Feb. 24 7 4 5 Mar. 14 46 Mar. 13 5 7% Mar. 28 19 26 Mar. Jan. 19% Jan. 92% May 19 40% Mar, 2 69% Jan. 3 6 Apr. 13 2% Apr. 10 % Apr. 4 1% Apr. 10 27 May 2% Apr. 22 Jan. 12 May 25 8% Mar. 7 4 Apr. 13 % Jan. 18 4 2% Jan. 31% Mar. 11 Mar. 16 2 31 Apr. 11 Mar. 6 26 I] May 9 Apr. 11 88 2l% 66^ Jan. 4 9% Jan. 28 12% Apr. 8 14 May 17 Apr. 1 8 Jan. 24 2 6 18% Jan. 1% Jan. 33% Jan. 18 20 Apr. 10 8 Apr. 10 32 16 4% 8% % 5% 5% 5% 1 % 1 3 7% Jan, 12 11 22 Apr. 11 14 Jan. 20 6 Apr. 10 30% Jan. 25 10% Apr. 26 Jan. 18 % Apr. 10 16% Apr. 2% Feb. Apr. Mar. 6 Jan. 11 Jan. 6% Apr. 14% Jan. 40% Jan. 11 Apr. 4 Jan. 3 Mar. 11 6 % Jan. 4 20% May 16 15 Feb. 17 3 5% Jan. 9 28% Feb. 24 16 Jan. Mar. 16 16% Jan. Jan. 7 2% Feb. 40% Jan. 12 41% Mar. 18 3 4 Mar. 5 25 2 Jan. 1 30 20 May 18 10% May 25 % Apr. 10 19 Apr. 12 9% Apr. 11 3% Apr. 11 26 Mar. 13 16 Jan. 21 2% Apr. 8 5% Apr. 11 % Jan. 19 2% May 25 % Feb. 24 % Feb. 21 % Jan. 11 % Jan. 11 Feb. Jan. 6% 5% 32% 2% 9% 25 May May May May May May May May 16 5 11 30 8% Apr. 5 Jan. 13% Jan, 37* Jan. Apr. 21% Apr. 9 Apr. 18% Apr. 21% 2% 6% 11% 7% Jan. 21 Jan. 11 Mar. Jan. Mar. May May Apr. Apr. Feb. May 10 4 9 31 31 Jan. 16 __ 18 19 9 10 2% Feb. 7 May 27 55% May 11 19% May 3 45 8 Mar. 15 34% Mar. 23 15% Jan. 4 5 Mar. 21 Jan. 28 19% Jan, 1% Jan. 10 1 27 3 12 Mar. 10 Jan. 7% Feb. 12% Jan. 9 Feb. 12 1 7 15 20% Mar. 16 6 47% Feb. 12% May 10 % May 12 13 14% May 19 14% May 19 May 17 % May 25 Apr. 18 12% Jan. May 13% Apr. 109 20 12 Feb. 14 6% 27% 11% % Apr. Jan. Apr. Apr. 7% Mar. 8 30% Mar. 29 15% Jan. 9 % Jan. 10 30 10 May 17 109 May 17 16% May 13 16% May 11 12% May 12 14 May 29 7 7 14 11% Feb. 24 7 2% Jan. 45 Mya 31 3 % Jan. 51% Mar. 9 6% Jan. ll 5 8% Jan. 10 16 18 13 22 63 May 23 47 20 23 Jan. 1 17 14% Jah. 4% Mar. Mar. 2% Apr. 15 11% Apr. 17 27 12 1 31 4 25 31 31 4 59 May 11 18 "16% "17% 12 16 Jan. 23% Mar. 3 23% Mar. 9 19% Jan. 17 5% May 23 9% Jan. 4 12% Jan. 3 35% Feb. 27 8% Jan. 6 19 May 16 4 May 22 22% Mar. 10 43% Jan. 4 40% Apr. 10 Apr. 1 % Apr. 36% Jan. % Jan. 37% Apr. 4% Apr. 1 1 Sale 3% Mar. 30 38 Jan. Jan. 4 1 May % 14% May 20 15% May 29 1% May 19 26 May 19 109 15 5% 28% 11% % 16 17 24 18 16 Sale 112 17% 15% 14% May 14 May 1% May 25 May a 3 1 16 3% Sale 5% 5% % % 2% 1% 14 Sale 14% 22 4 6% % 3% 3% 4% Sale 12% % 26 3 40 9 1% 7 10% % 19 20% 10% Sale 4% Sale 23% 28 1% Mar 34 10 4% Jan. May 23 7 % May 5 8% May 3 35 May 3 11 May 8 24% May 1 12% May 29 9% May 31 1% May 3 40 18 2 5 10 17 7 11% 25% 30 % 1% 25% Sale 2% 2% 6 7% 12% .13 7% Sale 41% 12% 12y 1 4 12% 12% 9% Sale 1% Sale 16 4% Sale 6% Sale 69% 84% Sale 6% 5% -8.% Sale 35 % 19 May 30 Sale" 55% 4 May 19 May 16 9 41% May 24 14% Sale 31% 15% 2% May 19 10% 3 7% 12 62 43% May Sale 9% % % 4% Sale % Sale 1 1% % Sale % 21 May 2 May 8 May 3 2% May 12 3 Sale 15 7% Sale 4?* 11 13 19 14 6% 2% 10% 15% 15% 1% 5% Sale 4 23 14 44% 28% 12% Sale 27 1 3 May 41% May 2% 16% 24% 17% 15% 17 22% Sale Sale % 1 13 18 2% Sale 26% Sale 15% 4% May 6 May 9% May 32% May 6% May 18% May 2% May 18% May 25 May 2% 44% 28 9% 9% 19% Sale 18% 19 1% 1% 32% 35 8 26 16 2 1 12 10 Oshkosh B'Gosh Inc— ... Sale 11% 12 25% Sale 9 9% 22% Sale Standard— Common .19% 30 2 2% May 18 17 May 17 % May 19% 10 31 Republic Invest Trust— conv pref. * Common stock.. —10 3,966 4,500 National Union Radio com—1 17,150 Nobhtt-Sparks Ind Inc cap. .5 North American Car com—20 7,450 250 Northern Paper Mills com—* * 2,350 Northern 111 Finance com * 25,050 Northwest Bancorp com Northwest Eng Co common. .* 4,150 3,010 Nor West Util pr lien pref--100 7% preferred .100 1,479 20 Nunn-Bush Shoe common. .2% 40 Okla Gas & El Co 7% pref.-100 1,168 Omnibus Corp vtc com—* 660 Ontario Mfg Co common 7% 19% Sale 3 47% 41% Sale 4% 5% 7% 7% Cumul 1,820 6% 18 12% 10% 2% Sale 20% Sale 18 5% 34 33 38 45 4% Sale 70 29 42% 16 94% 60% Sale 2% 7% 2% 3 16% 18% 26 26% 20% 21 41 9% A* 40 16% Sale" 62 9 Sale 20% 12% 4% 45 11% 43 6 Sale Sale 11% 12% 4% 7 5% Sale 6% Sale 7 8% 4 1 12% 14% 2% 3% 13% 14 2% Sale 2 3 93 18,450 Jarvis (W B) Co capital 18 59 58% ...1 * 70 Interstate Power $7 pref. $6 preferred * 450 940 Iron Fireman Mfg Co vtc—* 17% Sale 4% 9 12 % Sale JX 25 35 19 18 Inland Steel Co capital ..* Internal Harvester common- Indiana Steel Prod com 2% Sale 28 38 5,950 Gossard Co (H W) common.-* 45,400 Great Lakes!) & D com—-_* National 800 * 140 De Mets Inc pref —* b 1,860 Dexter Co (The) common 2,645 Diamond T Motor Car com.-2 2,425 Dixie-Vortex Co common----* Class A -----* 650 2,850 Dodge Mfg Corp common—* * 3,200 Eddy Paper Corp (The) -5 17,690 El Household Util Corp --15 8,105 Elgin Nat Watch Co 2,881 Fairbanks Morse common—* Fitz Simons & Connell Dock 6 Dredge Co common * 3,750 10 2,550 Four-Wheel Drive Auto 5 8,100 Fox (Peter) Brewing com --1 12,000 Fuller Mfg Co common Nat 960 ... -- 860 Deep Hock Oil conv pref. 14,469 Deere & Co common--. Feb. 31 16 109 13% Feb. Feb. 6 4 13% Jan. May 17 Feb. 25 Mar. 11 Feb. 7 Mar. 14 56 CHICAGO AUUREUATE SALES PRICES May Shares Shares l;477 962 100 4 """300 283 200 1,150 1,800 9,232 6,684 1,890 1,050 4,900 2,596 1,250 12,320 410 STOCKS Perm Gas & Elec A com * Pennsylvania RR capital 50 Peoples Gas Lt & Coke cap 100 Perfect Circle (The) Co * Pictorial Paper Pkg com 5 Pines Winterfront common—1 Poor & Co class B * Potter Co (The) common 1 Pressed. Steel Car common 1 * 4,130 Quaker Oats Co common * Preferred 170 920 150 600 Rath Packing common 130 1,400 950 4,684 300 130 100 10 2,000 Raytheon Mfg Co com v t c 50c 1,550 6% preferred v t c 5 1,300 Reliance Mfg Co common 10 Rollins Hosiery Mills— 46,650 Common 1 220 Ross Gear & Tool common 50 1,200 5,050 6,950 19,458 3,350 550 50 120 1,500 450 3,300 760 * Sangamo Electric Co com * Schwitzer Cummins capital 1 Sears Roebuck & Co com * Serrick Corp class B common-1 Signode Steel Strap Co pf 30 Common * Sivyer Steel Castings com * South Bend Lathe Wks cap__5 250 Sou Colo Power A common._25 ""290 70 2,075 """20 1,850 1,000 460 2,999 920 100 727 100 1,300 5,370 2,261 475 1,450 1,890 1,579 388 1,950 950 1,950 1,020 Southw G & E Co 7% pref__100 330 Southwestern Lt & Pow pfd__* 12,433 Spiegel Inc common 2 151 St Joseph Lead capital 10 410 St Louis Nat Stockyards cap..* 5,850 Standard Dredge conv pref._20 9,600 Common 1 1,451 Standard Gas & Elec com * 20,040 Stand Oil of Ind capital 25 1,730 Stein & Co (A) common * 300 Sterling Brewers Inc common.l 11,837, Stewart-Warner Corp com 5 l,800tStorkline Furniture com 5,190 Sunstrand Mach Tool com 25,897 Swift & Co capital stock 13,120 Swift Internacional 4,111 5,900 11,139 10,764 2,756 17,000 5,050 7,600 140 Viking Pump Co common 150 4,200 30 2,255 250 1,009 1,190 100 30 400 10 Preferred 3,000 Wahl Co common Bid Ask 3 34 4 2434 38 34 Sale 26 Sale 354 Sale 15 34 650 686 200 250 11,890 * 16 M Sale 152 2654 29 134 2 10* % u 11% 2 34 Sale 1934 2434 Sale 21J Sale 73 34 25 15 ^ ll* ioi* Sale Sale 28 15X 12% Sale 4 105 90 7834 15 X Sale x Ex-divldend. 4 1754 Sale 32K Sale 2454 434 34 Sale 934 it* 3534 2434 "58" ~80" 11 154 12 2 3 H 28 X 354 Sale 12% 2X 3% 12% Sale 18% 2734 6 Sale Sale Sale 3% Sale 15 Sale 9034 Sale 1254 Sale 11054 Sale 234 Sale 34 154 * 20 * 39 * 734 Sale 54 Sale 26 4 118 834 834 Sale^ 34 10 834 934 154 1% c, Sale 54 34 1 12* 134 Sale Sale 18 2634 834 2434 8 6654 Sale 154 26 2354 9 1034 10 834 17 1834 2 134 Sale 107 88 80 90 254 3 454 534 Sale 554 ""154" "l% 834 2034 934 Sale 334 May 13 19 May 10 3534 May 3 2454 May 9 54 May 15 934 May 1 54 May 24 754 May 2 54 May 25 54 May 15 1034 May 31 834 7634 154 Sale 954 Sale 26 30 1034 12 10 Sale 18 Sale 134 10734 9 24 29 25 25 13 9 73 65 70 934 Sale 154 234 134 334 2454 Sale 954 Sale 154 134 334 Sale 2554 Sale 11 "234 234 Sale 8 2 5 6 854 534 834 834 9 254 854 6 1034 Sale 18 Sale 2634 Sale 27 Sale 3 254 14 1234 7254 Sale 934 954 8054 Sale 154 Sale 54 154 20 1554 3834 336 1438 7634 1054 8836 154 Sale 18 18 "134 1734 Sale 151 ' 23 1854 Sale Sale 5 7 80 90 234 4 354 7634 134 Sale Sale Sale 54 134 134 May May May May May May 25 May 1034 May 834 May 1754 May 2634 834 6634 154 1 6 2 1 19 4 24 15 17 3 18 1 28 15 8 31 20 10 24 May May May May May May May 10 May 1854" May 934 7634 154 2634 1034 31 10 11 May 1 10734 May 22 May 16 90 May 16 13 May 2 May 27 254 Sale 4 79 154 8 934 1454 Sale 65 May 29 6 9 34 May 2 17 1 10 23 17 16 834 May 2 1734 May 17 2654 May 17 154 May 254 May 2434 May 1054 May 234 May 754 May 534 May 3 May 5 13 May 22 7236 May 17 934 May 17 8134 May 18 154 May 1 34 May 5 134 May 6 134 Sale 134 May May May 4434 May 2454 May 18 May 8634 May 7 May 83 May 2 May "5134 Sale 2634 2134 9654 Sale 1V* 2 434 2734 Sale 8 9634 Sale 454 3 81 154 834 1734 May 29 May 3 134 May 10 354 May 10 2554 May 25 11 234 834 554 954 1854 2754 334 1434 7754 1054 8854 154 54 154 May May May May May May May 12 23 9 24 25 10 13 May May May May May 31 25 4 29 31 May 1 May 25 May 20 136 May 3 1854 May 31 May 9 May 29 2634 May 27 2134 May 31 97 May 25 7 May 9 90 May 23 234 May 10 17 153 90 65 10 20 15334 4434 Sale 22 # 3854 34 1854 15 Sale Sale Sale Sale Mar. 10 20 154 May 36 65 123 150 134 May 29 90 1254 Sale 10854 Apr. 934 May 25 107 35 h_54 Apr. 534 Feb. 24 2454 Jan. 4 4054 Feb. 6 29 Mar. 9 434 Mar. 8 54 Jan. 10 1634 Jan. 4 34 Jan. 3 5 1434 Jan. 34 Jan. 27 854 May 16 154 31 3 May 11 1534 May 24 3054 Apr. 11 24 Apr. 10 3 54 Feb. 17 54 Apr. 10 8 54 Apr. 10 54 Mar. 23 634 Apr. 157 Jan. May Apr. 30 Mar. 34 Apr. 2 Jan. 54 Mar. 30 34 Jan. 854 May 16 11 Jan 18 27 88 Sale 1134 119 Sale Highest Sale Prices May II 1534 May 24 3234 May 1 2454 May 9 434 54 1034 54 no* 1 1854 Sale 14334 160 5154 Sale 3254 Sale 23% Sale Lowest Sale Prices 54 May May 54 May 115 114 121 11234 May 22 117 May 150 150 152 May 4 15234 May 14634 160 27 29 May 9 27 2754 2634 2854 May 1 h 134 134 134 c, 10 5 Highest Sale Prices 3 Sale 29 25 15 Common ._* Woodall Indust common 2 Wrigley (Wm Jr) Co capital._* Yates-Amer Mach capital 5 Yellow Cab Co Inc (Chicago).* 65,800 Zenith Radio Corp common._* 16,650 4,450 3,659 1,200 3,911 No par value, 1 Lowest Ask 4 3 Wisconsin Bankshares— 2,650 RANQE SINCE JAN. Sale Prices May 31 Ask Bid 4 34 143/s Sale h IX 11734 Sale 8% 16,438 Walgreen Co common * 320 Ward (Montgom'y) & Co cl A * 19,918 Common * 732 Wayne Pump Co capital 1 6,163 Western Union Teleg com.. 100 5,810 West'house El & Mfg com 50 2,150 Wieboldt Stores Inc com * 50 Cum prior preferred * 1,600 Williams Oil-O-Matic com * Bid Sale 5 Thompson (J R) common 25 Trane Co (The) common 2 Union Carbide & Carbon cap.* United Air L Transp capital..5 U S Gypsum Co common 20 Utah Radio Products com * Utility & Ind Corp common..5 Convertible preferred 7 130 May 1 1939 Par 400 Process Corp common 50 IN MAY Price Jan. 3 Since Jan. 1 550 EXCHANGE CHICAGO STOCK EXCHANGE In STOCK 4 334 7834 154 834 1354 May May May May May May 155 52 1 12 2 31 15 2 454 354 8154 154 834 1734 May May May May May May 26 5 27 15 15 31 27 18 Mar. 2234 Apr. Apr. 60* 22* 8 Apr. May Mar. Apr. 834 May 1634 Apr. 10 154 Apr. 10 104 Jan. 88 Apr. 10 Apr. 3254 Apr. 65 May 9 154 254 23 34 1054 234 7 Apr. Apr. Apr. Apr. May Apr. Apr. 534 Jan. 7 Apr. 17 Apr. 2554 Apr. 3 Mar. 1154 Apr. Apr. 734 Apr. 7734 Apr. 134 Apr. 34 Jan. 66 136 Apr. 1534 Jan. 3854 Apr. 54 Feb. 1534 Apr. 153 May 4034 Apr. 22 Apr.. 1654 Apr. 8334 Apr. 7 May 8034 Jan. 2 Apr. 334 Apr. 3 Apr. 7434 Apr. 154 Mar. 5 Jan. 12 Apr. 14 12 23 5 6 254 Jan. 1934 Jan. 26 3254 Mar. 8 10 Mar. 14 7734 Mar. 13 3 Jan. 4 2634 May 10 4 1534 Jan. 1034 Mar. 9 20 Mar. 6 134 Jan. 16 10754 Mar. 30 90 Jan. 7 1634 Mar. 7 42H Jan. 16 Feb. 20 2 1334 Feb. 234 Jan. 21 334 Jan. 19 29 34 Jan. 10 1234 Mar. 13 iiS Mar. 13 Jan. 5 Feb. 2 Mar. Jan. 4 19 Feb. 17 334 Jan. 1534 Jan. 16 634 1034 1934 2834 9054 Jan. 1354 11254 2 34 34 134 1834 Mar. 5 4 4 Jan. 5 Jan, 5 Feb. 6 Feb. 6 Feb. 21 25 134 Apr. 19 1854 Mar. 13 16734 Mar. 6 39 54 34 3254 24 54 11954 Jan. Mar. 10 Jan. 3 Jan. 4 Jan. 5 10 Mar. 11 90 May 23 254 Jan. 11 534 Jan. 19 554 Jan. 18 81 54 May 27 Feb. 1 934 Jan. 20 2 RANGE OF Stock Sales 1938 1939 May Shares„■ Jan. 1 to PRICES ON BALTIMORE STOCK EXCHANGE May 31 240,865 May. Jan. 1 to 1938 1939 Bond Sales 24,983 227,846 39,457 $44,950 667,250 $199,500 1,072,100 May 31 AGGREGATE SALES In PRICES BALTIMORE STOCK EXCHANGE May BONDS 400 City 3%s Four Million 200 City 4s Dock Iinpt 39,500 6,500 "91666 "I",666 687,900 214,300 40,500 16,000 90,500 2,000 7,000 2,000 1,000 5,000 3,000 Shares 2,373 1975 1975 B 5s... 1975 Finance Co of Amer 4% ..1942 4% 1947 Ga Caro & Nor ext 1st 6s__1934 Ga Sou & Fla Ry Interstate Co 5% 5%.....1945 1945 5% .1946 5% 1948 5%___ ..1949 2,000 5% .1950 6,000 Read Drug & Chem 5%s__1945 2,000 South Bound Ry 1st 5s 1941 "2", 060 . STOCKS Shares Ask Bid Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices May 31 Ask Bid Ask 20 Sale 22% Sale 82% 100% 101 96% 97 20 21 23% 24% 101% "III 24% 27% 83 Sale 28% 86 25% May 13 28% May 15 85 May 13 101 100 100% 100 20% May .2 25 May 10 83% May 9 May 4 100% May 12 45 46% "99% ::::: 166% Sale" 99% 99% 99% 101% "in 166% May" I 166% May" i 100 100 100 100 100 100 100 100 * 50 1,125 Atlantic Coast L (Conn) 101 101 100 ... _ 100 102 101% 12 May 16 12 May 10 "l ,324 4,995 Bait Transit Co com v t 1st preferred v tc 6,965 1,457 20 % Sale 31 20% Sale 21 Sale 20 Sale 35c c * 762 Benesch & Sons Co Inc com..* 998 Black & Decker common * 128 Brager Eisenberg Inc com 50 25 """909 4.182 Consol Gas E L & Power 4,879 5% preferred 457 4%% pref B 3,136 Davison Chemical Co com 3,751 Eastern Sugar Assoc com 2,289 Preferred 2,763 Fidelity & Deposit 1,398 Fidelity & Guar Fire Corp 1,032 Finance Co of Am class A ""457 1,310 1,132 575 456 162 616 105 255 21 20% May 18 May 21% May 31 19% May 29 * 100 100 1.50 Sale 1 20 10 5 Class B 50c 21% 40c Sale 1.35 Sale 35c 2% 49c May 26 May 8 1.25 May 24 1.50 May 12 16% May 15 "2%::::: 16% May 15 73 80 ..... "22" 6~002 - 73% Sale 80 119 May 1 May 31 Sale 117% 5% 12% Sale 5% 14% Sale 32 35 10% 11% 5% 5% 15 117 29% 9% Sale 116 5% 6 Sale Sale 31% Sale 4% 6 14% 17 121 30% 9% 123 32% 9% 5 .1 100 19,729 Houston Oil preferred 100 6 Humphryes Mfg Co common. * Preferred 134 Mfrs Finance 244 22 2,037 525 "16 May May May May May May May May li% 117 29% 9% 9% t 1st preferred 17 117 6 2 6 18 15 1 1 123 17 30 29 10 22 10 May May May May May May May May 31 15 2 3 25 17 4 2 798 MtVern-Woodb 175 1,583 4 3,619 5,875 Preferred 519 Northern Central Ry 3,000 Owings Mills Distillery 8 985 Penna Water & Power com 86 Phillips Packing Co pref 40 178 Seaboard Comm'l 170 5% preferred ♦No com 71,189 U S Fidelity & Guar 424 Western National Bank 40 par value, x Ex-dividend. 18 21% Sale 17% May 2 21% May 26 12 Mar. 28 Apr. 15 102% Mar. 3 12 May 10 May 10 * 1 100 May 25 100 May 25 Mar. 11 1.20 Apr. 11 Apr. Apr. 17 17 J* 71 Jan. 112% Mar. 116 May 5% Apr. 4 Apr. 12% Apr. 112 Apr. 29% Anr. 9% May 9% May 4 100 90c 60c 75c 35% 75c May 16 90c 70c }day 80c Sale' 1.00 3 1.00 May 20 May 4 May 10 1.00 May 20 15% 16 25% Sale 15 18 13% 25% 26% 27 1.10 35 36 30 39 42 .2 11% 12% 12 1.15 Sale 82% 83% 38 1.25 84% 35% 44 Sale 14% 27% Sale 37% Sale 13% Sale 85% 1.45 Sale 85 Sale 80 79" Sale" 23c * 77 100 10 13 May 25% May 1.00 May 36 May 44 May 12% May 1.25 May 85 May 22c May 78% May 70 May 18 4 26 22 31 1 4 31 23 22 12 15 May 27% May 1.10 May 36% May 44 May 13% May 1.45 May 85% May 25c May 80 May 70 May 5 16 22 11 31 25 31 31 16 8 12 12 12 35 34 50 2 19% Sale 19% Sale 20 31 Sale 31 32 21 Sale 19% May May 32 1 2 21% May 25 May 26 33 Jan. 19 4 12 17 5 8% Jan 2 6% May 3 15% May 9 8 128% Mar. 19 35% Jan. 19 6 29 10% Mar. 10 22 Apr. 18 6 4 2.00 Jan. Feb. 27 Feb. 18 Mar. 10 27% Jan. 24 % Feb. 17 Jan. 4 13 Jan. 25 Jan. 26 9 25 __ 50 Mar. 30 21% May 26 20 Apr. 14 May 25 100 15 Apr Apr. 25 224 Jan. 11 71c 70c 19 80% Mar. 17 117% May 5c 80c 24% Mar. 10 31% Jan. 3 15% Apr. 10 65c Jan. 21 2.10 Jan. 21 3% Apr. 28 22% Jan. 5 22 117 2.00 Jan. 25 Mar. 30 50 16% Apr. 15 6 1.40 Sale 50 10 1 30c 10c 85c 1 100 19% Apr. 14 17 Apr. 10 15% Apr. 10 20 100 * 100 65 National Marine Bank 96 17% Millscom.100 25,698 New Amsterdam Casualty 14,064 North Amer Oil Co com.. 1,200 7,054 _ 2,538 Merch & Miners Transp * 1,576 Monon W Penn PS 7% pref.25 66 19% 100 2d preferred 15 Mercantile Trust Co 329 19 —100 common v 31,441 Mar Tex Oil 6.363 Common class A 2,344 Martin (Glenn L) Co com 13 Maryland & Pa RR com 1,137 45 Jan. 31 1 101 Mar. 15 Mar. 15 101 Jan. 31 101% Feb. 2 Feb. 28 101% Feb. 7 Feb. 28 Apr. 14 101 16% Mar. 22 70 115 % 1 1 35c Sale 130 Guilford Realty Co com 2 6% preferred ~ Mar. 28 100% May 101 30 Atlantic Coast Line RR comlOO " Jan. 27 108% Jan. 27 7 Mar. 7 121% Mar. Apr. 10 25% May 13 Anr. 12 28% May 15 May 9 86% Mar. 30 101 Jan. 12 102% Feb. 9 96 Jan. 17 100% May 12 15% Mar. 20 15% Mar. 20 108% 121% 19% 22% 83% par 16,909 Arundel Corp 210 Bid 1945 1961 Bait Transit Co 4s flat A 5s flat _ May 1 1939 \ BALTIMORE CITY BONDS- $ 141",500 1 .. Jan.3 Jan. 1 $ RANGE SINCE JAN. IN MAY Price Since 65c 14 May 25 Mar. 23 Apr. 8% Jan. 6 Mar. 15 3 1.40 Jan. 11 30c 1.40 Jan. 35% Jan. 3 1 May 20 r242%Mar.30 17 Mar. 4 28 27% Mar. 15 2.00 Feb. 7 45 Mar. 15 42% Apr. 10% Apr. 10 44 1.00 Feb. 24 83% Jan. 31 20c Jan. 6 73 Jan. 4 67% 12% 36% 16% Mar. 23 31 Jan. 1.00 Jan. 35% Jan. Apr. 4 8 11 Mar. 24 Apr. May 31 26 14% Jan. 1.45 May 31 88% Mar. Apr. 84% Mar. 70 May 13% Jan. 38% Jan. 23% Mar. 33% Mar. 30c 10 20 10 12 30 25 10 24 STOCK EXCHANGE RANGE OF PRICES ON BOSTON 292,378 Shares_ May Jan. 1 to May 31 2,098,954 Jan. 1 to AGGREGATE Jan. 3 In Since May Jan. 1 BONDS 1,200 1,850 7,000 117,000 72,150 East Mass St RR ser A 7,900 1.281 1,056 70 9,401 241 14 10 2,526 2,071 1,356 460 ""150 Series D 6s Series E 6s 15,338 587 6.490 215 535 337 2,803 60 214 135 1,470 46 130 1,417 125 130 605 341 155 "194 1,418 1,058 604 425 405 1,435 1,275 872 25 265 250 495 Preferred 60c IX AX Preferred Sale IX 82 X 130 52 X 18 50c 2X 2,805 205 3,612 380 7,155 Sale IX IX 8X Sale 2X 5X 25 5X 75c 25c * IX Sale com.. 100 100 100 100 24 Sale 12 X Sale 100 20 X 100 333 5X * IX 68X 67 Sale 4 7X IX Sale 8X Sale IX 4 2X 2X SX sx Sale IX IX IX IX IX 2X IX 13 Sale IX 5X Sale 1 X Sale 2 "2X 2X 2X 1SX 9X 12 2 IX Sale Sale 5X SX 15c IX 17X 7 1 68 21 X SX 5X 4X 6X IX 18X 7X 1 IX 72 x72X 4X 533 4 6 23 15 Sale Sale 1 X 75 4X Sale 15 653 6X Sale 8 Class B 1 155 Infl Button Hole Mack Co..10 Isle Royal Copper __15 3,570 tr ctfs 250 Loew's Theatres (Boston) 25 2.924 Maine Central Preferred 5%. 865 100 100 550 National Ser Co common 585 National Tunnel & Mines * * 100 9.201 246 New River Co 6% pref .... N Y N H & Hartford 4,753 North Butte 76,308 20 Northern RR (N H) 3,441 Old Colony 13,253 1,575 1,743 27,512 2,651 34,390 Certificates of Old Dominion Co 100 Sale 21 293-3 2 IX 2 6 5X 5X Sale Sale 6X 26 IX IX IX IX Jan. 16 1 May 173-3 May 7 May 1 May 69 X May 21 X May SX May 533 May 25 May 15 May 1933 May 2833 May 17 19 18 11 2 1 22 18 15 3 4 23 133 May 5 5X May 12 6 33 May 8 11 15 31 9 6 9 25 9 15 3 29 23 153 May 18 May 11 6J3 May 29 6 8 May Jan. 16 Jan. 11 IX May 27 133 Jan. 27 153 Jan. 16 8 153 May 1033 May 11 9 May 8 5 133 Jan. 433 Apr. 11 May 24 Jan. 16 23 May 12 333 Apr. 10 68 Alar. 17 8 X Feb. Mar. 11 56 X Mar. 3 Jan. 16 19 233 Alar. 10 253 Alar. 9 Alar. 8 2 1133 353 2 53 3 53 3 33 3 33 2X Alar. 8 Mar. 9 Alar. 10 Alar. 9 Alar.10 Alar. 8 Alar. 29 Mar. 9 2X Alar. 12X Feb. 3 5 23 Jan. 8 6 6 IX Feb. 5 8X Jan. 23 Alay 24 7 30c Jan. 68 Alay 12 533 Alar. 35c Mar. 8 7 20c 1 Feb. 17 Apr. 1633 Apr. 7 Apr. 17 1 Jan. 11 12 53 Jan. IX Alar. 5 4 7 60 Jan. 31 77 Mar. 4 15 Feb. 3 26 Alar. 8 10 8 Apr. 14 433 Jan. 31 3 153 Jan. 25 Jan. 11 433 Alay 25 6 753 Alar. 25 Mar. 22 20 Jan. 23 14 Jan. 14 1753 Mar. 13 1853 Apr. 2733 Apr. 10 24 18 32 53 Mar. 10 Mar. 22 1 Jan. 3 IX Feb. 23 3 10 7 Jan. 8 Jan. 31 3 19 533 Apr. 553 Apr. 133 Jan. 133 Jan. 21 20 Jan. 25 27 Alar. 22 25c 53c 25c Jan. 31 51c Alar. 12c 24c 15c 20c 10c Mar. 15 25c Jan. 1033 IX 14X 533 11X 2X 20 14 20 Feb. 20 17 25c 2X Sale 1533 5X 6 13 15 Sale 2 IX "12k" Sale IX 17 15 Sale sx 17 5X Sale 15 13 53 2X Sale 4X 18X 19 Sale 13 10633 2X 14X Sale IX 5c 22 108 Sale "~X Sale 38c Sale Sale 55 X Sale Sale 55 20c 1 24c 1 30c 30c Sale 2 293-3 Sale Sale 95 c 90c 36c 35c 30c IX 70c 10 15 Reece 10 IX 10X Sale 17 Sale T C Stone & Webster Inc cap stock. Suburban Elec Secur com * preferred 40 Torrington Co (The) * Union Cop Land & Min Co. .25 25 Union Twist Drill 23 United Shoe Mach Corp 6% cum preferred Metal & Tunnel. Waldorf System Inc __5 52 25 __1 1 100 * * 2,538 Ex-dividend. 10 50c 80c 47 X 26 35 23 lie Sale 1533 2 ■ 9X Sale IX 15 IX 9X 12 80c 50c 44 35 2SX 253-3 Sale 10 33 Sale Sale 953 May 25 12 X May 31 May 2 May 6 May 4 May 1 May 2 May 17 2653 May 31 11c May 1 24 May 22 8153 May 29 43 May 1 85c May 3 553 May 17 233 May 18 23 May 29 633 May 31 SX May 13 24 May 22 23 10c 19 20 ~2i~- 18 81 X Sale 76 43 43 Sale 42 43 42 70c Sale 80c Sale 22 70 5X 2X 22 80 6 2X 74X 6 2X 23 May 44 Sale Sale 2X 70 6 X Sale SX 4 May 31 19 X May 31 933 May 4 953 May 17 17 IX 11 1 X May 15 1553 May 2 76 67 X 2 Jan. 5c May 19 3 Mar. 31 17 4 353 Jan. 4c Apr. 6 IX Feb. 21 Jan. 15 4 Sale 65c 2 80 Sale 3 Sale 6 31 17 2X Jan. 3 14 X Alay 4 6X Alar. 18 Jan. 9 14 233 May 25 11c May 5 3 22 33 Jan. 533 May 17 5c Mar. 20 2 Jan. 31 13 Mar. 11 10 113 33 May 31 10333 Feb. 1 42 May 24 58 4 133 Jan. 33 Alar. 27 Anr. 35c Alar. 31 Jan. 30 6 33 Alay 33 Apr. 17 1 8 9 24 80c May May 80c 10c 40c 1 40c IX Sale 2 12 Apr. 27 53 Apr. 14 1333 Jan. 25 433 Jan. 11 10 Apr. 8 20c 85 X 42 X 40c May 6 May 18 15 25 lteece Button Hole Mach IX 8X 50c 36c Sale 18X Sale IX 33 37c Sale 11 Sale 14 108 May 1 1633 May 18 1 X May 26 Sale 17 2 133 2653 May May May May May May May May May May 39c Sale 10X 333 633 May 14 May 233 May lie May 19 May 533 May 5c May 153 May 2833 May 113 33 May 45 May ^3 May 42c May 5 4 22 6 25 5 9 17 23 12 24 31 24 2 16 51 Sale 17 X 133 May 57 43c Sale Folding Mach Co 5c X X 38c 4 33 2253 May 22 14 33 May 533 May 12 33 May 2X May 42 50 45 57 IX Sale 60c ~'\X 25 IX 28 X 1123-3 4 1X May 14X May 18 20 5X 5 5c IX 100 25 IX 18 2133 May 5c 1 100 24 X 14X x May 12 433 May 22 133 May 19 May 853 May 133 May 75 May 2553 May 4 33 May 6 33 May 25 May 15 May 21 May 28 33 May 89 75c 24 X 3 Utah 24 12 18 3 24 68 May 1 82 25c 50 2d May 1133 May 133 May 6X May 23 May IX 100 Mills. Shawmut Assn 12 Jan. 4 50c 35c 2.50 3,953 Warren Bros. 277 Warren (S D) & Co common. _* 19X 28 30 Pennsylvania RR.. Quincy Mining Co. Pacific 2X May 29 1 X May 8 1033 May 11 9 May 8 1 X May 18 5X May 16 23 May 24 233 May 23 1 X May 24 6 3 Mar. 11 146 3833 Apr. 11 16 Apr. 6 53 Jan. 17 8 153 May 33 Feb. 27 833 May 31 1 X May 10 2 May 9 2 May 19 IX May 8 IX May 8 Alar. 133 Alar. 10 2633 Alar. 9 13 31 17 17 9 Feb. May 25 10 170 Jan. xl27 May 8 May 1 May 8 May 26 May 8 May 27 6X 1 X 1 X 1X 1 X 1 X 15 'SX 25X 100 deposit 550 Venezuela Holding Corp.. 132 Vermont & Mass Ry Co No par value. IX 5X 633 IX 21X 8 2 9 IX 20X 1 N E Gas & El Assn pref 1,149 New England Tel & Tel 5,172 2,130 20,950 2,805 2,258 1,399 8,885 26,120 2,149 IX May 11 30c * Preferred 381 1933 27 X 2 493-3 3%. May 19 25 22 Sale 25 tX 3 75 X 60c 17 14733 Apr. X May 2053 May 67 Apr. 70 X May 40c IX 17X 8X 14 5% May 76 146 97 X May 98 May Jan. 20c Sale 4 16c 25c 20 32 X 2 53 20 X 92 Jan. 12 18 165 33 87 8 17 IX Jan. 32c 24 31 9 31 20 6 29 25 17 2 13 33 25c 17 Sale 22 91 100 4 1? 10 24 Preferred 92 12 Feb. 80 9 25 May May May May May May May May May May May 60c 9 5 12 Jan. 9 10 X May 11 100 33 Alay 11 May Alay Apr. Apr. 80 Alay 9 Alay 5 Alay 12 May 10 Alay 11 2 IX X 68 445 * 1 2 25c 25c 720 50 2 Sale 12 22 X 87 11 12 92 12 97 33 15 98 11 10033 35c X IX 11X Sale 88 Sale 133 14 50 2,120 1,475 1 Sale Sale 18 17 18 50 1,765 43 X 53 Sale * 72 904 Sale IX 253 Sale 2 385 Economy 100 245 19 Sale IX IX IX IX IX 2X SX 2,398 Sale ----- 23,465 Narragausett Rac'g Assn Inc.l ""263 Sale Grocery Stores * 6,016 Employers' Group Assoc T C_* * 378 General Capital Corp Georgian Inc (The)— 8% cum class A pref 20 1,462 * 1,446 Gilchrist Co * 5,339 Gillette Safety Razor Co * 802 Hathaway Bakeries class A 428 400 ""274 Sale 157 X 18X Highest Sale Prices May IX May 15 1233 May 12X 156X May 165X Sale X May 20 X May 20 X Sale 80 76 May 76 Sale 70 X May 74 136 May 143 3^ Sale 43 X May 4834 Sale 17X May 17 3^s 1733 IX IX 74 137 Lowest Sale Prices Alay Alay 96 May 95 Alay 100 33 Alay 50c 45c 75c IX 67 X 80 ----- 5,918 6,409 25X Sale 653 Sale 2X Sale IX 2X Sale IX 22 X 475 9733 9733 9733 94 4 * 5,631 Mass Util Associates v t c 520 Mayflower Old Col Cop Co. .25 * 4,366 Mergenthaler Linotype 1,743 92 33 Sale 24 X 75 623 51 87 91 100 2,727 East Mass St Ry Co First preferred 1,502 Preferred B 3,856 Adjustment 8,060 11,160 Eastern SS Lines, Inc.., 30 520 86 93 12X 12 10 149X Class A 4.200 Helvetia Oil Co 1,928 85 X 32c Highest Sale Prices 85 8SX 94 -- -- 32c Prior 773 113 125 8833 Bid 90 88 X preferred 100 1st pref stpd 100 1st preferred clask A ..100 Class B 1st pref stpd 100 1st preferred class B 100 Class C 1st pref stpd 100 1st pref class O. 100 Class D 1st pref stpd 100 Class D 1st preferred 100 Boston Personal Prop Trust..* 2 1 Loioest Ask Ask Bid 100 1,164 East Boston Co 2,436 Eastern Gas & Fuel Assn 433% cum prior pref 6,177 6% cum preferred 4,175 SINCE JAN. Sale Prices Ma y 31 1 par 8.733 Copper Raiige Co ""242 280 _ __ 200 5 . 5,681 100 1,253 Boston & Providence 1,885 Brown & Durrel Co common 25 3,779 Calumet & Hecla __1 155 Century Shares Trust 25 140 Cliff Mining Co Conn & Passumpsic Riv RR Co 2 1,136 _ STOCKS "i Mo 238 . Ask Sale 8233 * 2,486 Amer Pneumatic Service 6% noii-cum preferred 50 3,401 First preferred 535 50 55,832 Amer Telep & Teleg 100 1 2,270 Assoc Gas & El Co class A 79 Bigelow-Sanford Carpet com_* 321 6% cum pref 100 100 12,620 Boston & Albany 100 13,191 Boston Edison Co__ 100 9,056 Boston Elevated Boston Herald Traveler Corp_* 3,942 210 Boston & Maine pref stpd_. 100 Common (stamped) 688 100 20 1,171 84 1948 1948 1948 1948 Series C 6s 7.000 Shares Shares Bid 433s '48 Series B 5s 11,850 May 1939 Par 21,250 RANGE IN MAY Price STOCK EXCHANGE 33*,000 May 31 PRICES BOSTON SALES $20,850 84,750 $64,300 215,900 May 287,899 1,904,352 1938 1939 Bond Sales 1938 1939 Stock Sales Feb. 27 9% Mar. 31 1553 Apr. 11 133 May 26 14 Feb. 133 Jan. 833 Apr. 833 Apr. 35c Apr. 45X Jan. 2233 Feb. 10c May 17 Feb. 7153 Apr. 4153 Apr. 50c Apr. 133 Jan. 6933 Jan. 533 Apr. 113 Alar. 23 10 27 14 8 14 12 14 6 16 14 8 8 1 Jan. 58 Feb. 133 Jan. 3 18 3 8Gc Jan. 17 40c Apr. 14 1433 Jan. 53 Jan. 3 3 Jan. 9 16 Jan. 17 Jan. il 24 i\* Alar. 3 9 1733 Jan. 4 86c 6 Jan. 4533 Jan. 12 2833 Alar.11 12c Mar. 17 2453 Apr. 27 3 8553 Jan. 4433 Alar. 20 85c May 3 17 2 12 71 Jan. 11 Apr. 20 11 753 Feb. 16 31 3 33 Jan. 2433 Feb. 16 Alar. 18 8 Pittsburgh Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON PITTSBURGH STOCK EXCHANGE Sales Stock May Jan. 1 to May 31 AGGREGATE SALES In May 114 165 832 2,830 350 2,181 _ 200 115 — _ * Preferred- 300 732 u. 145 1,150 Ask -* * * 10 Lowest Highest Sale Prices Sale Prices 17% May 29 55c 75c 6% 7% 7% Sale 30c 2 1% 9 ----- 35c 5 6 % 25c 25c Sale Sale 9% 35c Sale 39% May 8 % May 30c May Sale 40c 9% May May 5% May 6% May 31 16 24 10 5% 6% 6% Sale 1% 13% Sale 14% 12% Sale 8% 1% 10 Sale 8 6 5% May 15 5 % May 18 6 ,...-10 5 12 Products 18 10 % Sale 25 Sale 10 Harbison-Walker Refrac com.* 35 Home (Jos) common 100 170 Jeannette Glass preferred—100 100 Jones & Laughlin St'l pref100 70 75 8% 3,946 4,056 2,390 1,179 24,844 1,565 26,480 10,654 Koppers Gas & Coke pref.. 100 Lone Star Gas McKinney * .* 10 Manufacturing Supply Mountain Fuel Nat Fireproofing Corp com.-5 10 Penn Federal Corp common. * Jan. 13 16 May 17 13% May 31 15 Feb. 8 18 11% Apr. 5 Apr. 6% Apr. 8 14% Mar. 6% Jan. 12 Mar. 1 % Feb. 29% Jan. 11% Jan. , 8% May 29 1 % May 1 7% May 1% May 435 200 50 1 * Preferred 3.158 * 15 255 9 9% 55c 60c 4% Sale 2% 2% 60% 8% Sale 2% 2% 4 3, 1 Sale 1% 61 65 9% 91 4% 5 59 May 17 8% May 1 61% May 9% May 3 4 4% May 1 % May 1 8 5 May 23 1 % May 22 1 19%::::: 25 929 250 10 _ _ _ 100 150 10 2,000 850 15 1,478 5.468 Pitts Screw & Bolt Corp 816 Pittsburgh Steel Foundry Preferred 10 422 Plymouth Oil Co 820 Henner Co Reymer & Bros common 122 Ruud Mfg 16,950 San Toy Mining 400 355 30 200 500 1,492 635 100 1 — -* .5 _1 10,787 Shamrock Oil & Gas Preferred Preferred 457 640 Standard Steel Spring 2,956 United Engine & Fdy 530 United States Glass 1,260 Vanadium Alloy Steel 3,565 Victor Brewing Co 50 Waverly Oil Works A 10,779 Westinghouse Air Brake 3,726 Westinghouse El & Mfg 1 ---100 10 3 60% Jan. 57% Feb. 7% Apr. 9 15 10 30 2 27% 2% 29 1% 23 Apr. 10 1% Apr. 11 1% Feb. 20 __ 2 25 24% May 12 3 May 17 7% Sale 2 2% 1% 5% 3% 8% Sale 7 .... 10 25% May 15 3 May 17 7% 1% 92% 5% 3% 7% 1% 98% 6% 3% 5 May May May May May May 3 22 24 12 May 2 May 5 May lc May 1% May 23 16 18 12 24 45 15 22 20 75c 50c 75c 60c 12 May May May May May May 1 12 24 10 20 12 May May 5 May 1c. May 2% May 23 16 18 12 10 20 2% 4 5 lc 2c 2% Sale 50 5% lc 2 35c * 1 25 25c lc 2c 1% 2% 2 50% ----- ■5 25 32 % 1 2c Sale 60c Sale 25 Sale 1 50c 1 26% 23 30c 40c 50c 1 25 25% 30c 30c 40c May 28% May 50c May 22% May 30c May 1 18 15 23 16 31 May 30% May 50c May 23 May 30c May 18 2 15 11 16 1% 1X4. * 50 29 % Sale 118% Sale 1 1% Sale 19% 88% Sale Sale 60c 2 96% Sale 19 % May 18 85% May 17 22% May 29 96% May 2o Jan. 19 . 10 17 10 Mar. 16 lc Jan. 18 1% Apr. 10 50% Mar. 21 Mar. 31 Jan. 16 25% Apr. 11 50c 25 Jan. Jan. Jan. 13 14 11 7 7 17 14 26 3 60% Jan. 9 72% Jan. 9 9% Feb. 25 65c Jan. 5 5% Jan. 4 3 Jan. 7 1 % Feb. 20 Feb. Jan. Jan. 20 19 2 19 Feb. 1 26 lc 7 28% Mar. 11 4% Jan. 26 _ May 16 May 18 24 7 11% Jan. 24 1% May 12 12 10 116% Mar. 7 11 9% Jan. 4 9 Jan. 4 24 12 20 May 12 22 % Mar. 14 Mar. 31 5 5 7% Mar. 28 1% Feb. 22 Apr. 3 May 13 Apr. 7% May 1% May 90% Apr. 4% Apr. 3% May 20 May 20 60c Jan. 14 4 lc * 5 — 26 Jan. 25 32% __5 700 210 . 1 5 25 * * Pittsburgh Oil & Gas Pittsburgh Plate Glass. 3 50c 1% Sale 295 Pittsburgh Coal Co com—100 Preferred 100 700 Pittsburgh Forgings 6 11 Jan. 25 507 200 90c 29% Jan. 11% Jan. - 120 4% % preferred 5,794 Phoenix Oil preferred. 1.141 Pittsburgh Brewing..... Mar. 16 4 17% Jan. 5 12% Jan. Jan. 10 6% Jan. 23 8% Feb. 25c Mar. 16 1% Mar. 16 26% Jan. 14 14% Feb. 15 16 May 17 11% May 8 4 60c 13% May 17 . 386 Mar. 31 7% Apr. 11 Apr. 20 Apr. 10 5% Apr. 10 30c 5 1% Mar. 16 13% May 17 11% Apr. 5 1% May 31 15 * 100 1 27% Jan. Feb. 16 9 115 2 3% May 3 2 10 7% May 6 13 56% Jan. 7 90c 18% 12% 8 1% May 31 13% May 17 6 ..... 16 15% 10% 11% 6% 4% 5% 1% Sale % Jan. 2% Feb. 5% Jan. 35 Apr. 25c ---. * Follansbee Bros pref 19,966 Fort Pitt Brewing 14% Apr. 113 3 2 4 3% May 7% May 10 8% * Duquesne Brewing 1 Highest 3% May 12 7% May 11 36 May 18 10 - Devonian Oil SINCE JAN. Sale Prices Lowest Sale Prices 15 % May 19 105 * * 1 Columbia Gas & Electric Electric RANGE * 800 Consolidated Ice Co Preferred 414 3.044 7,848 435 1,581 May 31 Ask Bid 10 — Co Steel Bid Sale 27 Byers (A M) Carnegie Metals Clark (D L) Candy 175 Copperweld New 173 $10,066 May 31. * Armstrong Cork Co Blaw-Knox Jan. 1 to May 1 Ask 113 432 Arkansas Nat Gas Corp Preferred. 2,486 1,351 3,524 2,159 28,291 1,925 19,417 Bid 100 5,601 Allegheny Ludlum Steel 650 Crandall McK & Hend - _ 1939 Par Shares 140 115 1938 1939 Sales May.. Price Jan. 3 STOCKS Jan. 1 Bond 60,285 529,388 PRICES IN MAY PITTSBURGH STOCK EXCHANGE Since Shares 413 1938 1939 30,346 376,252 Shares_ _ Mar. 1 Jan. Jan. 25 8 Feb. 21 lc Jan. 18 3 Feb. 7 „ 50% Mar. 21 6% Apr. 19 31 May 18 33% Mar. 13 75c Mar. 14 22% May 23 26% Jan. 25c 40c Jan. 1% Jan. 18 Apr. 83% Apr. 4 28 80c 3 Jan. 5 20 1% Jan. 31% Jan. 10 118% Jan. 11 Jan. 4 11 10 4 3 UNLISTED 301 * 2,027 Pennroad Corp vtc No par value, x Ex-dividend. > 1 % May 5 l%May 8 1% Apr. 24 2% RANGE OF PRICES ON DETROIT STOCK EXCHANGE Stock Sales 1938 1939 May Shares_ ! 1938 1939 Stock Sales | 155,851 210,861 1,345,417 Shares. 1,330,161 Jan. 1 to May 31 AGGREGATE PRICES DETROIT SALES STOCK EXCHANGE May STOCKS Jan. 1 Shares 2,245 464 May 1939 Ask Bid Par 200 Sale - mm 1% 36c' "40c" 7% 7% 655 J 800 1,713 950 31% 1% 2%. Sale 1% 18% 448 280 1,386 387 5 5 Strip Co common IX Sale 82 14% IX 13 95c 3 X 2% Sale Sale 3 86c 99c 13% 13 14 1% 4% 3X 63% 70 2% 2 14 700 3,739 16,036 1,649 13,299 3,253 Detroit Steel Corp common. 362 ^ ^ ^ m Sale IX IX IX 250 _ oit Steel Sale 2X Sale Products 5 12 X 15X * 1 _ bam Mfe Co common 2,650 425 IX 2X — 1,950 485 254 mm mm mm mm - 400 800 300 100 773 417 ' mm> mm m. m. 4,048 850 4,920 1,690 850 3,199 565 3,100 325 2,760 26,409 \m mm mm — 725 450 2,653 1,404 672 1,440 1,300 703 1,161 4.84S mm mm — - - - 7,497 3,890 736 1,792 4,750 1,21,0 840 2.28S 1,295 775 566 2,066 3,879 mm mm mm — 80c 2 - 143 2,165 6,114 61,240 24,834 5,327 5,435 3,554 42,854 20,906 5,893 6,333 20,791 5,840 3,577 9,057 10,285 5,664 7,639 2,416 31,411 215 McClanaban Refineries Michigan Sugar common Packard Motor Co com Parke Davis & Co Parker Rust-Proof 200 "2~, 342 300 22,740 15% 17" 10% 5 1% 22% 76c 80c 2% Sale 5 32 44 2% Sale 1% 2% 1% 11% 13% 30% 11% 15 30% 11 5% 12 4% 47c 55c 1% 1% 52c 45c 49c 45c 22 23 23% Sale May May May May May May May May May May May May May 17 4 Jan. 7 Mar. 16 15 8 29 12 16 3 26 2 2 2 2 22 4 Mar. 71% May 10 14% May 26 85c May 1 2% May 29 2 May 12 17% May 24 3 12% May 90c May 4 117% May 29 1% May 12 9 1% May 1% May 4 11% May 22 May 17 9 May 26 Jan. Jan. Jan. 6 16 6 May 24 8 Mar. 2 Mar. Feb. 27 Feb. 7 Jan. 4 Jan. 3 Mar. 10 1 9 Feb. 27 May 17 5 1% May,. 3 16% May 4 % May 2% May 12 19% May 25 4% May 12 6 Jan. 19 8 Jan. May 25 14% May 25 3% May 5 17% May 12% May 3% May 5 Mar. 15 2% 1 3% 1% 1 13 14 32 12% 5% May 17 11% May 10 13% May 10 "85c 22% May 16 66c May 18 13c 23c 1% 48c 30c 60c 25c 17c 25c Sale 25 3 25 4 11 31 25 3 16 2 60c 15c 10 1% 45c 2% 3% 2% 4 2% 1% Sale Sale 35c 2 Sale Sale 3% 2% 1% 90c 33c 11% 12% Sale "11% Sale 10% 11% 5% 13% 5% Sale Sale 3% 3% 3% Sale 40c 95c 3 50c 50c . 1% May May May 3% May 2% May 96c May 30c May 12% May 13% May 5% May 2 26 24 3 23 3 16 3 11 18 3% May 41 May 14% May 6% May 1% May 6% May 1% May 1 May 3% May 1% May 22% May 3% May 1% May 17 6 35c 4% Sale May 25 12 14% 2 % May 6% May May 4 May 2% May 1 % May 33c May 12% May 13% May 6 May 49c 5 10 24 42% 41 14% "l5% 3% 2% 24% Sale 6 1% 6% IS 3% 1% 23 4 "2% 16% 38 2 Apr. Apr. 11 8 Mar. 31 75c Apr. 11 30c Jan. 12 2 Apr. 6 May 17 10 Apr. 8 13% May 10 Feb. 23 31 7 9 4* 45c^ 2% Jan. 51% Mar. m 45 Sale 20% 1% 13% Sale 15% 7 'IX 7% Sale 1% Sale 24% 4% 1% 25 "18% 109% Sale 41 16 7% 1% 7 1% 1% 3% 2' 4% 1% 13% 96% 13% 111% 111% 109% 2% 2% Sale Sale 2% 3% 3% 4% 4 IS 4 5% 42 17% Sale Sale 7% 2% 1% m Sale 97 97 5 26 3 6 Mar. Mar. Jan. 5 Feb. 23 Jan. 4 8% Jan. 4 17 May 16 76c Jan. 4 Jan. 11 55c 23% Mar. 30 3% Jan. 12 26 Jan. 31 Jan. 21% Apr. 6 24% Jan. Mar. 17 70c Mar. 12c Apr. 8 30c Jan. Jan. 11 11 96c Feb. Jan. 1% Jan. 5% Apr. Apr. 32c 2% Jan. 2 Jan. Apr. May Apr. 10% Apr. 4% Apr. 30c 10 18 10 7 11 24 16 10 10 10 2% 3 3 3% 34 25 X Sale 1% _ 22 23 2 10 1 6 1 26 16 17 2 3% May 41% May 15% May 25 7% May 31 1% May 24 7% May 15 1% May 3 1% May 26 3% May 13 1% May 1 24% May 4 4% May 5 1% May 4 8 k 25 96% 12% 111% Sale 2% Sale 2% Sale 2% Sale 3% 14% 14% "14% 97 May May May May May May May May 14 May 12 May 29 111% May 10 2% May 16 2% May 11 3 May 3% May 31 14% May 13 13% 96% 10% 109% 5* Apr. Apr. Apr. Apr. Jan. Apr. Apr. 9 17 Jan. 3 24 5 16 Mar. 10 8% 12% 4% 43% Jan. 5 Mar. 3 8 11 10 18 8% 1 8 2% 8 10 2% 28 1% 1 10 3% 26 16 25% 5 17 20 2% 11 16% 10 100 10 18% 4 111% 19 3% 3% 10 is Jan. Jan. 23 May Jan. 18% J an. 55c Apr. Apr, l» Mar. 10 May 10 Jan. 12% Apr. 5% Apr. Apr. Apr. IX Apr. Apr. 2% Apr. 1% May 22% May 9 17 24 2% Feb. 25 50c 3 36 3 17 96 17 Mar. 9 75c 7 2% Jan. 20% Jan. 2% Apr. 8 4 13 11 10 10 Apr. 21 9 4 Jan. 16 31 Apr. Apr. Apr. 4 Jan. 3 2% Jan. 7 May 17 10 Rickei (H W) & Co common..2 • Jan. 95c 3 10 25 10 19 5 75c 22% 4% 38% 5 May 12 May 25 60c May 11 99c 3 8% May 23 Sale 3% 1*1 Sale 90c Sale 4 1% 2 2% May 26 44% May 29 2% May 31 75c May 22 40c May 5 2 May 23 7 May 17 12 May 25 14 May 3 12% May 5% May 54c May 1 % May 47c May 23% May 3% May 1 % May 22% May 83c May 67c 1 35c 2% May 16 41% May 17 2 May 19 75c May 22 38c May 19 May 17 5% May 3 45c May 16 1% May 6 4.5c May 2 22% May 6 2% May 10 1% May 2 86c Sale Jan. Jan. 7 25 1% 3% 2% * * 1 2% 83c 1% * 3% 44% Sale 22 1% Tivoli Brewing Co common. _1 Union Investment Co com * 3% 80c 2 2.50 100 15 6 2% * 1 1 8 Jan. 5% 19 25 "36c" "50c" 1 * 5 Mar. 14 2% 2% Sale 21% 3% 5 Class B y 13% 50c 50c 50c 10 Jan. Mar. 6 11 Sale 2 Universal Cooler class A 1% Sale "2X li com 1% 2% Sale 18 19% 4% 5 26% 32 IX 14 1% 41% 2% 8 2% 2% 7% United Shirt Distributors 1% 16% 4% 26% 62c 8 Preferred 3 28 " 6 For footnotes see page 61. "12% 2% Sheller Mfg Co common Standard Tube Co class B 21% 4% 18% 13% 2.50 common Mar. 30 23 40c * 1 Paper 12 3 1 35c 1 Scotten Dillon 4% 16% 1% 20% 5% 17% 12% 50c "25c" United Specialties common 1 300 U S Graphite Co common—10 U S Radiator common 1 """200 1 6 * River Raisin 26 Mar. 40c Pfeiffer Brewing Co com Investing Corp 12% 35c Peninsular Metal Products Reo Motor common 1% 1% 11% Sale Parker Wolverine Co com Prudential 1% 1% 88c 16 * com 1 % 1% 1% 11% 16 IX 75c 6 10 Preferred 110 118 1 * * 15% 12% 76c 1% l3/ 1% 1% 55c 15 Michigan Silica Co common. .1 Mich Steel Tube Prod 114 15% Sale 11 1 614 Stearns (Frederick) common. _* 512 5% cum part pref 100 10 15,852 Timken Axle common 633 2 Sale IX 4,526 Motor Products Corp com * 5 5,939 Motor Wheel common.. 10 34,500 Murray Corp common 237 Muskegon Piston Ring com 2.50 30,761 11,156 3,659 3,851 2% 2% Sale 2X Masco Screw Products 4,182 Micromatic Hone Corp 8,280 Mid-West Abrasive com 7,314 Moore (Tom) Distillery Co 50 1% 1% 1% 10% 14 27c * 200 McAleer Mfg Co common McClanahan Oil Co common 124,964 5,510 4,265 1,380 5,613 3,133 7 31 2% 49% 2% 2X Hiird Lock & Mfg Co com 1 Kingston Products Corp 1 Kinsei Drug Co common—-.1 Kresge (S S) Co common 10 Lakey Fdy & Mach common..1 LaSalle Wines & Champagne_2 Mahon (R C) class A pref * Sale 8 Goebel Brewing Co common. .1 Hudson Motor Car IX 2X 49 X Graham-Paige Motor com 1 Grand Valley Brew common. .1 Hall Lamp common * 100 Home Dairy class A * 4,269 Hoover Steel Ball common..10 2,325 Hoskins Mfg Co common..2.50 180 Houdaille-Hershey class A— Class B * 36,701 4,933 1,255 600 * General Finance Corp com—1 General Motors common 10 10,230 40,383 19,808 8,575 21,263 4,315 14,320 8,060 15,096 80c 112 107 4 Jan. Jan. IX 11% 6% 27% * Class B " 8,958 7,646 13 28,235 Frankenmuth Brewing com_.l 1 14,119 Fruehauf Trailer Co com 3 14,625 Gar Wood Industries com 210 Gemmer Mfg Co class A """525 * 24% 15% 5X * * 100 Federal Screw Works com 1,632 1,345 mm 14% 85c 2% 2% 2X 90c 19 3,123 12,980 4,763 Federal Mogul common 4,546 Federal Motor Truck com m. 12,005 80c 18 4 Jan. 16 1,332 •» 15 14 Sale 82c 112 May 29 22% May 31 95c May 9 13% May 4 1% May 4 1 19 18 Apr. 8 5 Apr. 8 22% Jan. 26 21 Apr. 12 17 Apr. 8 85c May 19 11% Apr. 11 1% Apr. 19 5% Mar. 27 Jan. 63 71 50c 15 Sale 14 85c 2 26 18 Jan. 25c 16 4 3 Jan. May 15 6% 4% 64% 345 24,597 3,217 11,000 ■ Sale 99c 13 18 220 987 23% May 19% May 85c May 12% May 1% May 27% 90c 660 210 2,922 ^ 19% 26% 21% 4% 2,000 45,380 2,705 5,641 10,262 1,202 6% May Prices ! 9 May 31 3 21 23% 3 % May 28c May 6% May 17 6% Sale 1% Feb. IX May 16 15 May 31 May 3 3 27c 28c Highest Lowest Sale Prices 1% May 16 Sale 27c 6X Sale IX Sale 3 500 "8", 556 27c" "35c" 21 5 Highest Sale Prices IX Sale 1% 19 3,667 46,555] 20,605 13,285 8,806 6,676 Ask 3 6,280 39,846 - 590 ^ IX Lowest Sale Prices May 31 1 Ask Bid Bid 464 1,100 4,371 mm 1 Jan. 3 Shares tm RANGE SINCE JAN. IN MAY Price Since In 2% May 22 4 3% Apr. 14% May 13 17 5 4 Jan. Mar. 3 4 Jan. 14 Feb. 4 Jan. 4 Mar. 8 Mar. 21 Feb. 15 May 13 Jan. Jan. 9 9 Apr. 25 Jan. 3 Jan. 27 Feb. 2 Jan. 4 Apr. 13 Jan. 4 Jan. 4 Mar. 4% Jan. 9 4 Mar. 29 5% 2% 4 3% 3% May 1% 1 2 1 % May 25 3 3% May 3 2% Jan. 17 May 13 1% Jan. 4 2 Mar. 2% Feb. 3 17 June, 1939] DETROIT AGGREGATE SALES May STOCKS Jan. 1 Shares Shares Par 500 Universal Products common 803 Walker & Co class A__ Class B„ 11,037 38.039 Warner Aircraft Corp com 1.676 5,008 * 900 20 40 Preferred 100 May 1 Ask Bid 13 A Bid 15 24 * 1 1,527 Wayne Screw Prod common..4 15,550 Wolverine Brewing Co com 1 1,455 Wolverine Tube Co com __2 227 1,900 61 PRICES IN MAY Price Jan. 3 1939 Since """203 EXCHANGE DETROIT STOCK EXCHANGE In STOCK 24 lVs 1% 2% 27c 7 80 -m 100 3,479 Young (L A) Spring & Wire..* ISA 22 2% 1% 2% 1 Sale VA 17c 21 28 2 4 3% 16c 11H Lowest Ask 18 A 28 2% 94c ,1* 13c 20c 4% 84 1% 4% ... 105 1A 16c 5% 82 85 12 A 12% 1 Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices May 31 Ask Bid RANGE SINCE JAN. 23 May 1% May 94c May 1% May 15c May 5% May 84 May 26 26 23 4 22 11 12 24 2 May May 1% May 1 % May 18c May 5% May 84 May 16 16 2 4 2 11 12 13 15% Jan. May 1% May 94c May 1% Mar. 23 15c 5 24 26 26 23 31 Jan. 4 Apr. Apr. 10% Apr. 6 3 8 80 16% Jan. 26 Jan. 28 20 3% Jan. 10 1% Mar. 2 2% Feb. 2 25c Mar. 2 7% Feb. 28 84 May 12 19 Jan. 12 UNLISTED DEPT.— 1,160 8,291 American Radiator. * 1,172 Amer Tel & Tel Co 100 1,595 Borden Company .25 4.525 Borg Warner Corp common..5 7,812 Commonw & Southern Corp..* * 4,316 Consolidated Oil Co 3,936 General Poods Corp * 5,494 Hupp Motor Car Corp 1 7,219 Kennecott Copper Corp * 7,347 Kroger Grocery & Baking Co.* 266 133 888 705 656 510 1,816 393 946 15,769 Nash-Kelvinafcor Corp 5,653 National Dairy Products 1,804 826 4,717 33,843 4,395 3,855 7,535 505 712 1,114 * No par value, ISA 149 % Sale Sale Purity Bakeries Corp Socony-Vacuum Corp Sale 2 7% 41A 1% Sale Sale Sale a * r Sale JB zlH 43% Sale 24 8A Sale 7A 14% Sale 22 '~7M Sale" "6A Sale' x May May May May May May May May May May 13 22 May 31 1 165% May 31 4 20% May 11 17 25% May 9 20 1% May 25 8 1 May 27 1 44% May 31 1 % May 1 2 17 33% May 25 3 25% May 24 6% May 5 1 13% May 18 14 May 1 11% May 17 5% May 12 14 % May 15% Sale 15% Sale 11% Sale 6% Sale 14"" Sale" Sold for cash, Sale Sale 16 " Sale * Deferred delivery sales, 11% 157% 3.9% 22% 1% Sale Sale 7% Sale 14% Sale 1% Sale 25 Standard Brands Inc Sale 13 165 A 25 Sale 9 * 100 Sale Sale 20% ..5 New York Central RR 11 % 157 % 7% May 31 16% May 29 15% May 31 15% May 3 12 May 24 6% May 31 Apr. 8 18% Jan. 4 Apr. 10 168% Mar. 11 Jan. 4 21% Mar. 13 Apr. 8 May 20 Apr. 11 Jan. 27 Apr. 25 8 28% Apr. 20% Apr. 10 5% Apr. 10 12% Jan. 11 32 2 5 Jan. Feb. 6 9% Jan. 5 44% May 31 2 Jan. 3 44% Jan. 5 25% May 24 9% Jan. 20 16% Mar. 13 12% Apr. 10 22 11 16% Mar. 14 13% Jan. 4 7% Jan. 3 Jan. 26 10% Apr. 10 5% Apr. 8 3 Jan. Ex-dividend. Philadelphia Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON THE PHILADELPHIA STOCK. EXCHANGE Stock Sales May 1939 —Shares_ Jan. 1 to May 31 AGGREGATE SALES In PHILADELPHIA STOCK EXCHANGE Since Jan. 1 May 38,500 Shares 2,208 STOCKS par * 10U 355 Bankers Sec Corp pref 50 1,200 Barber Co .10 2,661 Bell Tel Co of Pa pref..—.100 680 481 5 7,766 Budd (E G) Mfg Co * 200 Preferred 1,828 Budd Wheel Co__^ 70 2,378 8,926 Chrysler Corp. 160 .100 * .... ....5 1,273 Curtis Pub Co common.... * 7.546 Electric Storage Battery ..* 24,493 General Motors ...10 1,452 3,811 35 50 265 364 Horn & Hardart (Phlla) com..* 492 Horn & Hardart (N Y) com..* 1,894 Lehigh Coal & Navigation...* 3,193 Lehigh Valley. 50 7,155 Natf Power & Light * 128 593 ..... 88,453 Pennroad Corp v t c * 40,426 Pennsylvania RR ......50 349 Pennsylvania Salt Mfg 50 490 Penn Traffic common 2% 1,891 Phila Elec of Pa $5 pref * 15,721 Phila Elec Power pref 25 130 Phila Insulated Wire........* 12,100 Phila Rapid Transit........50 5,855 7% preferred 50 6,052 Philadelphia Traction 50 100 Reo Motor Car 15,222 5,451 71 """277 2,277 " 1,982 549 1,487 1939 Jan. 1 to May 31 112 2,217 Salt Dome Oil Corp.. 1 4,600 Scott Paper .* 389 Tacony-Palmyra Bridge. * 6,687 Tonopah Mining ..........1 616 Transit Invest Corp.......... Preferred. 6,569 ........50 11,112 Union Traction 12,779 United Corp common..... * Preferred * 2,845 166,249 Unitea Gas Impt common * Preferred 4,648 1,402 Westmoreland, Inc * 171 901 Westmoreland Coal.........* 1,747 1,135 1,784 281 26,147 533 * No par. . . . . .... .... x Ex-dividend. $25,000 170,000 RANGE SINCE JAN. Bid 9% 150% 16% 19% 120% 7% 50 5% 82% May 1 Ask Bid 7% Sale Sale 18 20% 120% Sale 8% *12 12% 8 9% Sale 20 Sale 118% Sale 4% Sale 55 Sale Sale Sale 29% Sale 50% Sale 25% Sale 41% Sale 118 124 37% Sale 3% 3fc 5% Sale 8% Sale 1% Sale 24% Sale 160 172 uVA Sale 2% BOH Sale 1% % 18 2 Sale 8% 110 35% 2% 3% 7% 1% 116 2% 3% Sale Ask 8% Sale 12 1 14% 12% May 122% 118% May 5% 4% May 35% May 4% Sale 3% May 71 Sale 63% May 4% May 29% Sale 25% May 41 % May 44% Sale 4% 2% Sale 6% Jan. 9% Mar. 29 12 May 25 2% 4% 7% Sale Sale Sale 2% 117% Sale 13% May 122% May May 35% May 4% May 71% May 5 May 30 May 45% May May 31 116 May 4 38 2% May 17 2% 4 3% May 3 7% May 17 7% 1% May 3 16% May 18 9 24 3 4 Sale 8% 21 11 21 10 Mar. 16 Feb. Mar. Mar. Jan. 25 4 31 25 May 15 May 4 May 18 May 11 May 9 1% May 25 19% May 31 May 23 138 May 10 144 116 119 May 29 % May 1% May 2 3 May 18 8 May 4 9% May 46% May May 23 30% May 30 2% May 29 3% May 31 8% May 10 33% May 8 ft? % May 2% May 2% May 34% May 11% May 114% May 8% May 8 May May May May May May May May May May May May May May Apr. Apr. Apr. May Apr. Apr. Apr. Apr. Apr. 31 2% 17 Sale Sale 28 Apr. Apr. 165% May 31 112 38% 38 155 8% Highest Sale Prices Mar. 14 121 4 Lowest Sale Prices Highest Sale Prices 9 May 6 14 138 4 m Lowest Sale Prices 7 % May 3 10% 11% 8% May 165% Sale 157% May 112 37% 36 1V4 W4 7% . 117 1% 1% 17% Sale 133 May 31 Ask Bid ......... 160 696 186 790 112 1938 $45,000 224,500 PRICES IN MAY 1939 15,952 American Stores 15,562 American Tel & Tel '""139 Sales May. Price BONDS Shares Bond 188,823 1,124,446 Jan. 3 $ 288,000 Elec Ss Peoples tr ctfs 4s__1945 3,102 1938 155,650 1,129,657 8 25 24 10 1 26 6 29 25 27 9 29 11 Jan. 4 Jan. 21 Jan. 5 Mar. 11 Jan. 9 Jan. 9 9 Apr. 10 125% Mar. 9 Jan. 112 37 Mar. 5 17 2% Apr. 10 3% Apr. 6 6% Apr. 8 1 Feb. 15% Apr. 136 Apr. 2% Mar. 115 Mar. 29% Apr. 16% Apr. 1% Mar. 3 May Jan. fHPeb- 9% May 43% Apr. 33% Apr. % Feb. H Apr. % May 2% Jan. 2 Apr. 31% Jan. 10% Apr. 111% Jan. 7% Apr. 8 Apr. 38 Jan. 3% Jan. 5 A Jan. 9% Mar. 4 3 9 2% Feb. 28 24% Jan. 4 .65 Jan. 6 2% Jan. 80 19% Feb. 1 30% Jan. 9 Feb. 23 2% May 29 4% Mar. 28 9% Mar. 29 17 1% Jan. 16% Jan. 50% May 37 Feb. % Apr. 1% Jan. 1% Mar. 3% Mar. 3% Feb. 38% Feb. 14 5 25 21 10 10 31 28 6 28 13% Feb. 27 116% May 9 9% Mar. 16 10 Jan. 24 Exch. San Francisco Stock RECORD MONTHLY AND YEARLY FRANCISCO STOCK EXCHANGE RANGE OF PRICES ON THE SAN 1938 May Shares_ 1 Jan. 1 to May 31 340,939 2,511,804 468,782 1,641,493 SAN Since Jan. 1 BONDS 3,000 849 1,820 1,613 282 " 1,280 1,702 1,289 _ 610 887 200 40 320 m, — m. 250 — — 3",850 1,112 27,210 135 647 4,585 16,739 1,250 240 20 380 1,200 1,941 9,150 11,159 50 560 3,745 .5,094 395 68,750 16,572 2,690 70 230 142 187 20 270 3,165 236 1,308 2,097 ~ 5~,65l 1,250 333 230 380 100 ""657 1,695 200 350 80 140 830 737 245 20 10 116 116 360 26 705 1,685 4,170 120 1,600 210 ~ 325 400 "805 2,121 90 457 12,314 276 4,004 '"319 721 20 2,612 760 3,711 3,316 1,680 60 50 1,071 170 900 20 * Highest Sale Prices 92 Feb. 90 Feb. 27 110% Feb. 14 110% Feb. 108% Feb. 28 108% Feb. 135% May 24 135% May 24 14 28 24 113 Mar. 23 Mar. 23 118 120% Jan. 24 120% Mar. 3 107% Mar. 22 107% Mar. 22 118 116 115% 113 9% 7% 10 150 ..... 25c 22c 4V oy 190 Sale 4 7 5 6 200 123 126 i 17c 19c 8% 8% 8% 4 4% 4% 5 5% 6 124 128% 135 8% 13c 17 7% 2.65 2.00 3 17% 12% 16% 13 13% 16% 20% 14% Sale 21% 16% Sale 20% 20 Calaveras Cement Co com—* 50 7% preferred 100 11 Calif Art Tile Corp class A.. 1.05 Class B * 11% Calif Cotton Mills capital. .100 35c Calif-Engels Mining Co California Ink Co Inc A * California Packing capital—* 50 Preferred California Water Serv pref.100 31c Carson Hili Gold Mg capital. .1 45% Caterpillar Tractor capital—* Preferred stock 100 104 3% Central Eureka Mg Co com 1 Chrysler Corp common 5 35% Clorox Chemical A * Coast Cos G & E 6%-lst pf.100 106% Columbia Broadcasting Sys— Class A. 2% Class B__ 2% 23% Consol Aircraft Corp com 1 Consol Chemical Industries 18 Inc class A partic pref * Preferred It* 21 20 el* 48 12 1.50 15 Sale 38% Sale 50 99 33c 47% 107% Sale 37 108 2.75 8% 75c 6% 2.50 40 9% 10 1.75 1.05 7% 10 May 18 21c 100 2,450 3,302 16,560 2,890 7,357 4 Electrical Products Corp El Dorado Oil Works cap * Emporium Capwell capital—* Preferred —50 Emsco Derrick & Eq Co cap. .5 20 cap—10 cap..25 3,209 Food Machinery Corp com. .10 -3,130 Foster & Kleiser common-.2% Class A preferred ..25 220 Galland Mercantile Laundry common (capital) * 600 585 Ewa Plantation 310 Fireman's Fund Indem 4,665 Fireman's Fund Insur 6,652 capital...—--2% 10 common.* Preferred * Gladding McBean Co com—* Golden State Ltd capital. _—* Hale Bros Stores Inc capital. _* Hancock Oil * Hawaiian Pineapple Co (new)— Common 35,257 General Motors 13,939 General Paint Corp 10 9% 15% 20 i8M 15% 35% 9 31 11 Sale 36 41 82 Sale 34 1.55 14 21% 35% 1.75 16 24 ... 9% 9 49 7% 26% 2,717 9% 6,939 6% 88,062 12% 2,627 38% 2,745 19 6,753 92c 50,888 Holly Develop Co common—1 Home Fire & Marine Insur 35% Co of Calif capital 10 440 22 11,040 Honolulu OilCorpLtd cap new * 13 * 440 Honolulu Plantation capital * 7% 584 Hudson Motor Car com.. 38c Hunt Bros Packing common. _* 1,694 1 0 Preferred 10 2,108 7 190 Hutchinson Sug Plant cap__15 2 pesos 1,900 1XL Mining Co 16 * 8,664 Langendorf United Bak cl A 9 Class P _* 18,004 Preferred 39% 660 40 * 5,280 Leslie Salt Co capital 30 .10 29,318 LeTourneau Inc common 5% 816 Libby McNeill & Libby com..* Lockheed Aircr Corp com 1 35% 42,909 22c 100 Lyons-Magnus Inc B * 55c 5,349 Magnavox Co Ltd capital__2% 13% * 8,804 Magnin & Co (I) common Preferred 100 100 200 14% 16,992 Marchant Cal Mach Co com. 10 10 9% 7,468 Meier & Frank Co 5% 1 68,599 Menasco Mfg Co common 8% 34,604 Nat Auto Fibres Inc com stk-.l * 10% 19,553 Natomas Co capital 5 100 767 North Am Inv Corp com 31% 370 6% preferred 100 30 320 5%% preferred 100 10% 11,647 North Amer Oil Consol cap.. 10 22 840 Occidental Insurance capital. 10 18c 5,650 Occidental Petrol Corp com_.l O'Connor Moffatt & Co— 5% Class AA common * 750 .... 31 W* 50 14% 18% 31c 39 Sale Feb. 10 Jan. 6 75 Jan. 23 30c Mar. 21 3 50 8 Sale Sale 14% 41 Sale 1.00 14 20% May 19 3 May 6 31c 34 42 17% May May 36 18 May 51% May 101 May May 38c 46 May 105 May May May 41 May 106 May 31c 28c 36 18% 52% 38 9 11% 16 Sale 7% 35% 8% 38% 36% 41 40 42 81 Sale 22 23 1.00 14 22 1.25 16% 26 84 85 26% 28% 1.10 14 23 5% 41% 5% 28% 6% 7% 11% 38% 17% 1.10 6% 42% 5% 31% 7 Sale 5% 43% 6% 27 6% 8% 1.25 16% 29 6% 44 6% 31% 7% 23 May 16 5% May 3 30 May 16 6% May 4 1 19% Sale 1.20 1.15 40 5 1 May 17 May 29 15% May 4 38 40 21 17 18 18 Sale 42% Sale 31% Sale 1.35 8 5 15% 18 5% 60c 1.50 14 5% 17 14 150 7 4% 18 42% 37 42 24% 33% 4% 28% 25c Sale 5 25c 70c 50c 11 12% 10% Sale 101 100% 109 15% 14 13% 9% 10% 9% 2.90 2.75 5% 6% 7 27% 24 27 10% 4% 25% 24% 9% 24% 20c 12c 18c 15c 11% 10 zVA 4% 26% 25% 37 *7% 30 27 10% Sale 8 Sale 11 41% 35c Sale ig* 10 70c a 5% 9% May 29 15% May 27 40 May 31 7% May 23 35% May 24 41 May 17 84% May 27 28 May 15 1.10 May 9 14 May 17 23 May 16 6% 5 Sale May 25 1.50 May 3 50c 5% Sale 55c 11% Sale 10% Sale Sale Sale 11 6% May 9 % May 2 26% 25% 9% 24% May May May May 18 26 26 22 15c May 8 3 26 10% Sale 16c 7% 51% May 11 9 102% Mar. 28 Mar. 7 45c 11 5% May 29 May 25 Feb. 17 LI 35 Jan. 25 Apr. 19 108 Mar. 8 4 Apr. Anr. 1.90 May 8 Apr. 19% Mar. 5% Mar. 8 11 Mar. 14 14% Mar. 10 3 6 Jan. 91 Feb. 4% 3% Feb. 10 May 29 114 10% 9% Apr. 6 17 3 8% May Jan. 35% Jan. 6% Apr. 31 37 Jan. Jan. 12 14 Jan. Apr. 25 Feb. 25 May 29 Mar. 20 Jan. Mar. 18 17 3 4 41% Feb. 28 8 10% Jan. 3 35* May 24 21 May 17 85% Mar. 21 30% Feb. 28 6 1.60 Jan. 79% Apr. 10 21% Apr. 15 1.05 Apr. 24 21 10 4% Feb. 25 21 114 14 8 8 18 Mar. 25% Mar. Mar. 14 300 9 77 ■ 25 25 5 4 Mar. 29 15 30% Feb. 17 4 May 17 20% May 4 17 May 24 37 Apr. 18 May 29 16 11 31 40 May 25 1.50 May 3 50c 11 39% 34 4% 28% May May May May May May May 24 25 24 12 24 18 26 May May May May May May 7% May 10% May 22 5 24 31 4 4 25 31 26 % May 27 May 2 5 26 3 19 1 9 May 22 60c 12% May 24 May 5 105 15% 13% May 2 10% 9% May 18 3% 2.85 May 24 60c 28 Mar. 8 105 5% May 27 38% Apr. 8 5 10 25 15c 2 May 12 May 3 May 8 5% May 29 Mar. 30 17% Apr. 11 Apr. 11 95c 8 12% Feb. 27 5 5% Apr. 40c Feb. 20 1.40 Mar. 17 Feb. 17 8 it* Apr. 10 10 8% 38% Jan. 13 38% Apr. 11 22 Apr. 8 4% May 18 22% Apr. 26 50c Mar. 18 Apr. 1 Jan. 30 23% Feb. 10 May 24 17 5 5% Apr. Mar. 7 55c 40 1.80 Apr. 20 8% Apr. 20 8 Mar. 5% May 29 18 6 Mar. 14 12% Mar. 17 43% Mar. 15 27 42 Feb. 34 May 24 Mar. 6 36^ Feb. 25c Mar. 18 67c Jan. 16% Mar. 11 May 24 102% Apr. 26 108% Feb. 16% Mar. 8 11% Apr. 9 Jan. 11 10% May 8 5% Jan. 2.65 Apr. 9% Jan. 5 May 8 11% Mar. 9% May 3 5% Jan. 4% May 11 Jan. 8 34 25% Apr. Mar. 25% May 26 31 3 11% Mar. 9% Feb. 23% Jan. 23 12c May 28 10 7 21% Mar. 15 1.40 Jan. 20 Mar. 18 Jan. 25c 104 36% Feb. 3 42% May 2 9 23 50c 109 25 37 41 % 4% May 18 May 18 25 J an. 35c 42% May 9 19% May 23 1.20 May 3 10% May 4 40% May 8 39% May 18 24 5 1.50 Jan. Jan. 13 9 14 3 23 15 16% May 10 1 Apr. 18 12% Jan. 24 Apr. 8 28% Jan. 25 5% Apr. 4 6 Apr. 8 11 % Apr. 9 6% May 30 May 6% May 8% May 18 26% May Jan. Jan. Mar. 13 9% Jan. 51% Mar. 8% Jan. 34 Mar. 9% Jan. 8% Feb. 15% Mar. 16 42 40c Sale" 2.00 41 50c Sale 17 Sale 38 26% 4% 24% May 29 4% 50c 40% 9 May 29 May 26 5% May 40 5 May 22 May 25 May 31 45% May 19% 11 46 4 5% May 27 23 16 40c 18 13 30 41 % May 17 37 8% 30c 300 8% May 3 14% May 12 37 May 5 7 May 4 34% May 12 38% May 3 81 May 1 25 May 9 1.05 May 11 14 May 17 4r 90c 1.60 10 4 Jan. May 3 11% May 17 79% 2.25 May 3 May 5 12 4 May 24 May 29 114 2 19 21 21 4 16% Apr. 15 42% 6 Feb. 30 Jan. 54% Mar. 13 40% Apr. 25 Jan. 5 102% Apr. 15 107 4% Jan. 31 8 3% Apr./ Mar. 10 85 55% Apr. 11 18 May May 18% May 1.10 May 14 41 18% Jan. May 9 5% May 23 May 7% May Sale 14 42 Sale 98 19 9 if* 11 48% Mar. 20 1 Jan. 6 Apr. Jan. 35 Feb. 13% Apr. 25c 10% Mar. 8 19% Jan. 22 12 37 7% 12 26 24 11 31 5 27 26 19 25 25 22 Jan. 190 18 18 9% & 40 6 22 "May 24 May 24 22 34 7 3?% 21 21 21 8 11 1.05 Jan. 7 29c 19 15 Sale 7% Apr. 2 May 12 Apr. 14% Apr. 20 Mar. 2% May 46 Apr. 9% Apr. 2.00 19 10 4% Apr. Apr. 124 2.50 May May 24 17 May 2.00 May 22 12% May 17 16% May 20 May 11 2.75 May 9 10% Jan. 5% Feb. 25 7% Feb. 17 4 10 20% 11 May 18 8% Apr. 13 Apr. 10 17c May May 29 May 25 May 23 13 19% 8 75 9 64 16% 16% 9 14% " No par value. 54 7% Apr. 19 Jan. 23 5 May 8% May 17 May 4% May 17 5% May 9 127 May May 14% May 50 May 50 51 Sale 100% May 101 100% 103 1 May 35c 38c 37c 37c 35c 46 42% May 44 43% Sale May 104 105 102 105% 104 3% May 3% 3% 3% Sale 63% May Sale 64 69% 70% 41 May 40 43 41 37% 105 May 103% 105 105% 108 30c 14% 25% 16% 20% 3% 54% 75 7% 7 7% 2.50 6 8% May May May 11 May 9 8 75 110 26c 20c 8% 8% 8% 110 10 Sale 11 11 Feb. 54 _ - 17 16% 16% 21 16% 17 10,035 4% 5% 4 4% 5% 4% 11,548 Creameries of Amer (new)—1 Crocker First National Bank 340 290 325 290 293 325 San Francisco cap 100 61 11 10% 10 10% 10% 59,441 Crown Zellerb Corp com (new). 11* 87 77% Sale 79 79% Sale 85 Preferred (new) 7,443 1.90 2.25 Sale 1.75 2.00 2.15 2.25 3,014 Di Giorgio Fruit Corp com.. 10 11 12 13% 14 14 Sale 10% Preferred 100 I 1,530 4 3% 4% 3% 3% 3% 4% — 3,907 Doernbecker Mfg Co 114 118 114 119 107 Dow Chemical Co common * 1,555 1,224 17,140 Lowest Sale Prices 135% May 24 135% May 24 General Metals Corp— 6,019 2,660 Sale Prices Ask Ask Bid 83 Bid Highest Sale Prices Lowest May 31 1 STOCKS 6,250 Alaska Juneau Gold M cap. 10 15 Alaska Packers Assn cap—100 Angio-Amer Mining Corp Ltd Common 10,635 6,911 Anglo-Calif Nat! Bank 20 18,307 Assoc Ins Fund Inc com cap. 10 9,984 Atlas Imp Diesel Eng Co 5 1,205 Bank of Calif Nat Assn cap 100 455 Beech Aircraft Corp com 2,160 Bishop Oil Co new 5 8,228 Byron Jackson com cap * 7,154 Calamba Sugar Estate com. _ 20 120 m 1 - Shares 10 m Ask 1945 4,000 Atlas Diesel Eng Co 6% 5,000 Coast Co G & E Co 4%~ -1965 2,000 Pac Tel & Tel mtge B 3 %s 1966 1952 1,000 S J Lt & Pow Corp 6 % UNLISTED BONDS 3,000 Miller & Lux ctf of dep 6% 1945 Certifs of deposit 7% 1935 2,000 1961 2,000 Sou Calif Gas 4%% S P Golden Gate Ferries— 1,000 5%% 1949 715 May 1939 Bid Shares RANGE SINCE JAN. PRICES IN MAY Price S i 20,000 .— Jan. 3 In T.666 31 Jan. 1 to May FRANCISCO STOCK EXCHANGE May $9,500 23,500 $1,000 May AGGREGATE SALES 1938 1939 Sales Bond 1939 Stock Sales 28 Mar. 19c Jan. 24 9 4 21 8 4 4 20 2 23 31 8 11 7 17 7% Mar. 3 June, 1939] SAN FRANCISCO STOCK EXCHANGE AGGREGATE SALES In san francisco stock exchange PRICES May 805 20 210 2,468 "5,617 11,905 13,062 4,571 4,039 2,530 3,323 2,541 200 110 20 130 250 20 271 150 821 1,006 1,136 5.887 500 10 3,703 * 15 5 17 560 6% preferred 29% Sale 29% 44% Sale Sale 21% SINCE. JAN. 1 11,795 Rheems Mfg Co 1 58,034 Richfield Oil Co common Com stock purch warrants. 2,131 1 1,633 Roos Bros Inc common 200 Series A preferred 100 97,702 Ryan Aeronaut Co com cap.-l _ 9 4% 5% 1.70 1.80 Sale 29% 32% 29% Sale Sale 45 Sale 106 Sale 5% 18% 3% 5% 4% 8% 4% 5% 5% 4% 4% 10% Sale 6 4% 1.80 Sale 30% 32% 29% 47% 106% 5% Sale 19 Lowest Highest Sale Prices Sale Prices May 16 May 24 May 8 May 2 20% May 31 4% May 27 Sale Sale 130 148% 150% 152% 154 9% 10% 9% 10% 40 44 49 43% 131 100 97 50 54 50 60 50 4% May 10% May 8 4% May 9 8 44% 33% 35% 35 1.95 May 12 May 31% May 25 May 32% May 26 6 May 29% May May 47% May 26 5 May 11 106% May 5% May 6 May 22 1 18% May 3 21% May 16 123 May 26 May 4 128 150% May May 15 4 154 2.00 1.20 2.60 1.00 2.00 5% 6% 3% 4% 7 8 5 3% 5% 4% 5% 41 47% 16% Sale 22% 23% 3% Sale 37% 37% 13% 14 8% Sale 2.3o 2.55 13% LOO 7 16 105 7 . 28 38 32 8% 15% 9% 15% 15 2.25 2.75 28 38 34 8% 9% 16% 2.35 Sale 28 42% May 100 May 13% 8% 1.55 1.70 1.90 15 102 Sale 5% 102 1.80 15 104 12% 13% Sale 114 147 8 Feb. 6 2 Eeb. 17 10% May 9 5% Mar. 17 2.40 Jan. 4 34% Mar. 11 32% Mar. 11 29% Mar. 13 49% Mar. 10 30 11 30 12 109 7% 31 17 21% 11 129 Jan. 10 Jan. 17 Jan. 12 Mar. 14 8 154 May 15 4 10% Feb. 12 Anr. 15 59% Tar 8 100 101% Mar. May 8 1.50 May 29 3 5% May 35 May 15 9% May 3 16% May 4 2.60 May 16 3 1 14 4 1.75 May May 25 8% May 25 4 May 9 103 106% 103 May Sale 5% May 19 6% May Apr. Jan. 6 2.80 Feb. 9 5 Mar. 60 1 4 16% Jan. 23 Jan. 3% 37% 14% 10% 3% 16% Mar. 10% Apr. 6% Apr. 1.55 Apr. 13% Jan. 100 29 6% Jan. 24 1 10% Mar. Mar. 5% May 32 May 8% Apr. 15% Apr. 2.25 Apr. 35 11% May 7% May 1.75 May 54 43 3iT5 Apr. 4 5% May 3 32 May 9 9 May 16 15% May 27 2.35 May 31 Feb. Jan. 50 1.25 May 17 5% 6% 10 Apr. Jan. Apr. Jan. Apr. Mar. Apr. Apr. 6 6 41 % 42% May 100 May 38 10% 11% 7% Sale 1.40 Apr. 27% 31% 28% 41% 104% 5% 18% Jau. 5% Jan. 6% Feb. 10% Mar. 36% 1.15 8 26 11 Jan. 4% Apr. 1.70 May 21 Feb. 24 5 24 ■ 54 42% 103 18% Jan. 24 3 % May 16 5% May 29% Sale 32% 29% 29% 45% 48% Sale 105% 21 125 Highest Sale Prices Lowest Sale Prices 20 May 22 4 121 12% 60% _ 50 8 20% Sale 10 * 100 Preferred 3% Ask Sale 150 100 4,571 Paraffine Cos, Inc, com 30 4% cum conv pref Philippine Long Distance 70 Tex Co capital 100 2,074 Phillips Petroleum Co cap * 1,430 Pig'n Whistle Corp par tic pf_* 1,600 Pugec Sound Pulp & Tim com. 2,579 Ry Eq & Realty Co Ltd com. * ■758 6% preferred (new) 100 12,844 Rayonier Inc common 1 6,773 Cumulative preferred ..25 9,611 Republic Petroleum Corp 1 20% 3% 5% 4% 5 7 Sale Ask Bid 3% Sale * 825 Pacific W estern Oil capital 100 2,725 B Paauhau Sug Plant Co cap Pacific-Anaer Fisheries Inc Pacific Can Co _ ~ Bid 21% 5% 6% 6% Oliver United Filters Inc A...* 860 Pacific Clay Prod capital * 47,670 Pac Coast Aggregates com. 10 58,328 Pacific Gas & Elec Co com. .25 58,437 6% 1st preferred 25 19,899 5%% 1st preferred 25 23,816 Pacific .Lighting Corp com * 6,805 $6 dividend pref * 19,804 Pac Pub Serv com (new) * First preferred 16,955 * 1,790 Pac Tel & Tel Co common..100 90 425 Ask Par 1,827 7,083 1,140 1,059 7,246 May 31 May 1 1939 Shares 380 RANGE January 3 STOCKS Jan. 1 Shares IN MAY Prices Since Jan. 7 Jan. Jan. 10 10 19 18 Feb. 28 107 Jan. Mar. 5 Jan. Jan. Mar. 9 7% Jan. 3 % 2,160 937 260 838 6,906 Safeway Stores Inc common. .* 2,370 Schlesinger (B F) com (new).. Preferred (new) 1,430 25 4,253 Shell Union Oil Corp com * 72 5 % % cum conv pref 100 140 410 Sherw'a Swan Co Ltd cl A...10 1,400 3,474 Signal Oil & Gas Co class A__* 3,200 17,596 Sound view Pulp Co new 5 550 Preferred.. 100 3,950 Sou Cal Gas Pfd 6% cum A. .25 78,569 Sou Pacific Co com (cap'l).lOO * 2,314 Sou Pac. Golden Gate cl A 20 680 10,048 140 Class B 811 "i",670 7,604 Sperry Corp common v t c 1 1,635 Spring Valley Co Ltd capital..* 8,398 1,493 56,490 Stand Oil Co of Calif capital..* 15,973 Super Mold Corp of Cal cap 10 870 1,824 40 27,601 5,042 7,782 180 723 1,984 1,623 448 330 29% 1.75 2.00 1.85 5% 15% Sale 6% 4% 10% 4 14% L02% 5% 30% Sale 19% Sale 96 31% 20% 32% 21 32% 9c 2c 9c 510 4% % preferred new 100 223,463 Transamerica Corp capital 2 Treadweil Yukon Corp Ltd— 30,558 40,821 3,059 7,195 18,128 6,110 8,192 2,110 Common capital 1 25 Union Oil Co of Calif cap Union Sugar Co common United Air Lines Trans Universal Cons Oil Victor Equipment Co Conv cum v t 25 c-_5 10 1 com pref Waialua Agricultural Co 5 20 100 75 Weil & Co com 432 Weils Fargo Bk & Un Tr cap 100 Western Pipe & Steel of Calif 50 common 10 (Consolidated) cl A ser I..50 Class A series 2 com cap 50 3,086 Yosemite Portl Cem Co pf_-10 unlisted stocks 80 American Factors Ltd cap 300 Amer Pow & Light com 1.00 20 * 4,694 Amer Iiad & Stand San com.. * 100 10,463 I Amer Tel & Tel Co com 1 46,001 Am Toll Bridge (Del) com 8,983 Anaconda Cop Mg Co com..50 15 3% 16 4 9 9% 27% Sale 50 280 ... 286 10 449 550 400 l",369 595 600 l",405 209 '""747 2,080 1,768 272 500 90 ~io 8,700 30 46c 33% 7% 28 % 3% 2% 13% 48c irA Sale 3 41% 8% Sale 3% 8% 28% Sale" 6% pref Cnon-callable) 100 6% pref (1927 series) 100 1,170 Calif Pac Trading Corp com..* Preferred * 30 138 4 3% 27 7% 5% 2% 5% 5 2 37% 38% 7% 7% 1 20c Sale 5 12 7% Sale 37% Sale com Holly Oil Co capital Idaho Maryland Mines Corp Capital 22,434 * 1 •5% 32% 6% 48c 24% 8% 3% 2% 27% 5 8 8% Sale 55 9% 30c 35c 2.25 Sale 42% 5c 25% 2.50 50c 43% 10c 45 5% 23c 1.65 31 5c Sale 26 31 19 29 27 4 6% 46 6% Sale 1.80 32 14c 14 29 26 6 5 18 10 Jan. 4 19 Feb. 3 3 55c 12 8% 13% Jan. Mar. 7 Apr. 17 2.10 May 4 Jan. 11 6% May 9 Jan. 7 30 25 Jan. Jan. 110 Jan. 28 280 Apr. 300 Jan. 14 Jan. May 24 May 31 9 9 80 May 19 May 19 1.00 May 25 34% 50c 0 6% Sale 8% 5% Sale 1.00 25c 6 May 18 % May 9 15c May 5 6% May 13 % May 3 25c May 13 11% May 26 11% May 31 5% May 22 32% May 1 30c May 26 6 May 23 35% May 31 30c May 26 33 36 9 May 17 25% May 5 May 25 25% May 5 22c Sale 50% 7% 1.70 1.75 32% 33% 5c 8c 22% 30 3% 3 3% 6 4 4% 4 7% 9 8 9 8% 51% 10 5 67c Mar. Jan. 11% Apr. 11 6% 29% % 3% 8 20 Mar. 10 Mar. 11 Mar. 13 Feb. Feb. Feb. Jan. 5 7 3 30 3 11 28 24 17 12 14% Mar. 10 70% May 15 73 May 19 65 76 7c Mar. 13 Apr. 17 Mar. 14 Mar. 13 1 May 25 34% Mar. 18 6 May 18 % Mar. 22 Mar. 14 Mar. 13 3 1.25 Feb. 21 34% Mar. 18 Feb. 2 1% Jan. 5 19 9 15 Jan. 26 25c Jan. 10 6% Mar. 15 13% Feb. 24 11% May 26 7% Apr. 8 4% Apr. 10 31 Apr. 10 Jan, 9% Jan. 7 3 7% Jan, 37% Feb. 14 Feb. 1 8 Apr. 13 31% Apr. 11 12% Jan. 42% Jan. 20 5 22 27 30c Feb. 30c Jan. Jan. 30c 23 6 11 Mar. 16 2.50 Mar. 6 Mar. 23 2 1.75 Mar 35c 1.75 Mar. Sale 12c Jan. 2.50 Mar. 2.50 50c 5% 48% 6% 13c 21 Jan. 4 Sale 4% 9 Sale 6 % May 5% May 29 6% May 21c May 1.60 May 32% May 5c May 20% May 9 7% May 25 25c May 3 1.85 May 5 32% May 10 5c May 9 21 May 1 3 24 25 10 9 18 2 2.50 Jan. 1.00 2.10 17c Feb. 4 Jan. 8 36 21% Apr. 8% Apr. 18' 11% Mar. 4 7% Jan. 3% May 3 1.00 May 25 6% % 46c 5 9 33 31% 30% Apr. 11 6 4% Apr. 12 Apr. 1 148% Apr. 10 170 7c 4 6% May 26 3% Mar. 31 8% Jan. 3% Jan. May 73 20 36% Jan. 2 1% May 16 Apr. 4% Apr. 3% Jan. 4% Apr. 18 Apr. % Feb. 1% Apr. 25 73 19% 45% 16 27 19% Jan. May 16% May 5% Apr. 8% Apr. 21c 27% May 23 70% May 15 73 May 19 20% Sale May S* May May 23 May 30 2.85 Si* May 23 12 S.«le 44% May May May May May May 2 20 50% May 29 May 26 11% May 21 ■19% May 18 11% 30 t Formerly Bancamerica Blair Corp. May 18 281 12% May 12% Sale 166 157% May 50c 57c 55c May 25 i 24% May 26 25% 10 8% May 11 9% 3% May 3% 4 4% 3% 27% May 23 27% 31% 7% 5% May 23 5% 5% 2% 5% Sale 21% May 2 24% 22 4% 281 5 20% 3% 14% J an. 95% Jan. 7% Jan. May 3 17% May 22 6% May 27 10% May 27 16 May 24 2.15 May 13 7% May 25 30 May 24 12% 20 15c Apr. 2.00 1.50 2.50 6 Mar. 20 32% 4% 11% 7% 5% 35% 2.00 "2"40 Jan. 90c May 26 26 1.50 36c May 20 25 1.00 Mar. 36% Mar. 24 20c Jan.. 26c 45c 27 60c 2.50 18 12 15 9 29 23 36% 35c Jan. 46% Feb. 5% Mar. 29% Mar. 35% May 26 8% 35% Sale 10c Jan. 6 25c 1.00 33% May 26 4 21% Jan. Jan. 35c 10 May 7% 8 33% Sale 20c 1.75 Jan. 10% Apr. 9c May 24 25c 22 32 Jan. 19 1.15 6% 11 7% 60c 96 79% May 2 5 3 13 Jan. 39% Jan. 4% Apr. 25* Apr. 35 2.00 % 25c 6 Anr. Feb. Jan. 26 3 4 29 11 15c 1 50c Sale 11 20 7 Mar. 11 50c 54 * 7 May May May May May 2.10 May 6% May 16 27% May 16% 6% 10% 14% 7 32 11% Apr. 11% 43% 100 Internat Nickel of Can Ltd..* 6,690 Internat Tel & Tel common..* 19,558 Itaio Petrol Corp of Am com.l 7% cum preferred 1 26,250 3,287 Kennecott Copper Corp com.* 700 Kleiber Motor Co capital 10 common 9% _ 106 May 12% May 31 25c 7 151 Monolith Portl Cement com..* Preferred 10 33 Jan. 26 9c 43 3% 68 5% ' % Apr. 5 4 28 13% Jan. May 28 3% 11% 4 11 May 26 2.00 Jan. Feb. 6 12% May 31 Sale 10% 42% l 340 Marine Bancorporation cap * * 1,020 Matson Nav Co capital 1,030 McBryde Sugar Co Ltd cap. .5 70,855 M J&M&M Consol capital. 1 9% 16 19 40 Apr. 1.75 Apr. 4% Mar. 28 1% 1.25 30 110 30 315 68 31 4 4 11 5 29% 283 11% 2~66 15c Curtiss-Wright Corp com 1 Dominguez Oil Fileds cap * Dumbarton Bridge Co com.. 10 com 8% 15c 50c 8% Etlec Bond & Share Co 6 % 1% 1% 75c * * 8,270 General Electric Co com 861 Hawaiian Sugar Co capital..20 200 Hobbs Battery cl A cap * B capital * 685 2.15 2% 5% 24% 66 10 1 16 2.10 21% 4% 20% % 7c 6 * 10 66 * common 515 Comm'l Solvents Corp com Consol Oil Corp common Trie 8% 3% 3% 25% 6% 80 1.55 1.15 600 Coen Cos Inc class A conv...* Columbia River Packers 8.714 Sale 23% 80 25 Cities Service Co (new) 810 par 3,491 4,287 Claude Neon Lts Inc com No par value* 50c 23 65 Montgomery Ward & Co, * 4 11 10 995 Calwa Co common 100 Ches & Ohio RR com 15 30 33 29% 3% 4% 4% 12 11% 12% 166 156% 158 65 31 100 315" 3% 14% 9 25c 22 31% 35% 5% 6% 17% 18% 149% 150 2 3 6 May 18 28% May 20 13% May 11 82 May 31 33% May 26 14% May 29 9c May 19 21c 16% 16% 5% 7 10% Sale 26 1 755 2,711 28% 100 281 Power— 199 Holland Land Co 3,508 5% 27% 25c 20 5 Assn Inc 2.50 8 6% 30 3% Sale 3% 7% 5,038 9,733 6,000 2,040 3,930 9% 15% 2.00 9 Sale 12% 25 1 2,590 200 7 12% 89 26 11,069 Bendix Aviation Corp com 100 Berkey & Gay Furn com 22,284 t Blair & Co Inc capital . 35 30c Sale 16% 5% 8% 14% 50c 90c 25 8% & Con Co common 5% 31c 45c 22 3 69 Calif-Oregon ll5/ 18 95 Sale 35 95 Sale 9c May May May May May May May 44% May 4% May 26% May 35% May 32c May 60c May 12% May 91 May 6% May 26% 35% 31 7% 1,725 11% 11% May May 6 4% May 20 25% May 16 32 May 32c May 45c May 29 11% May 19 91 May 5% May 12 44% 29 __* 69 32 1.10 May 26 2.00 May 2 5 May 20 25c 12% 2% 39% 540 5c 43 14 84 Atlas Corp common 4,255 Aviation Corp (Del) com 700 Aviation & Trans Corp cap 1,031 B & O RR common 1 Sale 11% 79% 32% 11% 25c 11% 267 Ark Nat Gas class A common.* 200 Atch Top & S Fe IiR com.. 100 Bunker Hilt & Sullivan Mg Sale 9c 40 103 6 32% 13% 2 4% May 1 11 May 11 26 82 May 16 2.00 May 6 26 50c 37 29 Sale Sale 19% "loo 3,099 13 18% 10% 100 6% 12% 107% 26% 20c 55c 2.10 4% 11% 4 60c 51c * 4,068 Anglo Nat Corp cl A com Argonaut Mg Co Ltd capital..5 4, 1,427 41% 90 18% Sale 6% Sale 13% Sale 40% 1.90 25c 13% 14 93% 95 6% Sale 430 "180 5c 32c 60c 40 30c 85c com Yellow Checker Cab Co— 310 Sale 9c 36c 890 170 710 33 12 35c 1 60 1.960 '11* 89 75 2,080 Thomas Allec Corp class A * 11,076 Tide Water Assoc Oil Co com. 10 2,600 Texas Consol Oil Co 5,894 8,535 11% 39% 4% 26% 28% 435 805 34 2.00 Sale 11% 100 102% 103 4% 4% A* 27 26% Sale 45% 46% 5% 6% 28% Sale 21% 23% """25 5 32 95 * i 590 200 28% 7 3 Jan. 20 5% May 29 52% Jan. 17 6 Apr. 21c Apr. 25 1.50 Apr. 11 29 Apr. 11 7 Jan. 3 5c Jan. 13 20% Apr.. 10 24% Mar .10 52% Jan. 17 9% Feb. 27 37c Jan. 7 2.50 Jan, 9 40% Jan. 11 Jan. Jan. Jan. 13 6 5c 22 25 5 3 3 3 Apr. 6 11c 13c 11c May 8 4 Feb. 23 8 Jan. 28 3% Feb. 21 -Jan. 7 4% Mar. 9 8% Apr-. 21 44% Apr.. 6 52% Feb. 28 May 29 May 8 4% May 2 46% May 18 May 29 May 1 4% May 2 , 52 May 29 16c EXCHANGE SAN FRANCISCO STOCK 64 AGOREOATE SAN SALES Since Jan. 1 66 100 10 530 376 50 970 ""933 135 202 1,927 1.150 2,302 100 . ; .25 30 455 4,070 1S% 22 6,878 1,120 8,925 32,926 231 100 14% May 17 16% May 25 2 25% May 16 3% May 2 25 May 6 21% 23 47 48 May 17 3 % May 23 11% May 25 6% May 3 2% 2% 5% 7% 4% May 19 iVA 5 ~~5% 20 24% 28 19 23 17 24 24% 27% 28% 15% 25% 26 27% 28 28% 29% 28% 3% 6% 51% 7% 44 6% In 6% 30 41 10 15 39 36 16 37% 20 15 20 40% 33/ 35% 2% 36% 2% 37% 38% 2% 70c 58c 65c 46 49% % 50% 85c 70c 45* Sale 1% 50? 2.00 % % % 35 50 30 T, 083 942 800 4,966 950 1,198 205 5,000 12 100 2,969 1.094 670 735 2,608 5,600 40 560 Jan. 1 to 29% Mar. 28 33% Feb. 7 6 Jan. 4 7% Mar. 10 47% Mar. 21 6 8% Mar. May 26 8 44% Jan. 20 14% Mar. 6 20 11 12 Jan. 47 18 17 Apr. 14 42% Feb. 25 Feb. 28 29 24 18 10 18 vie* Feb. Jan. 69S' Feb. 28 Jan. 1 18 8 18 13 21 4 28 31 6% Mar. 10 Jan. 5 13 % May 13 1938 May 31.. RANGE IN MAY SINCE JAN. 85 c, 3% Sale 11% B 33% 5c 57 %c 25c 10 10 common 3,966 Broadway Dept Store com 4,600 Buckeye Union Oil com Common vot trust ctfs 2,000 Preferred 1,072 Preferred vtc 1,000 828 Byron Jackson Co 1,493 California Packing Corp 2,582 Central Investment Corp 300 Chapman's Ice Cream Co 13,123 Chrysler Corp 9,056 Consolidated Oil Corp 4,365 Consolidated Steel com Preferred 11,979 3,158 Creameries of America v t 12% 28% Warrants 2% 50c 7 Bid 50c 1 1 1 * 18,125 Bolsa Chica Oil Corp A Ask Bid Par 5% 7 87 %c Sale 7% 25% 28% 1 25c 13c 75c 35c 30c 42c 30c Sale 10c 25c 15c 2 25c 5 lc Sale 75c 5% 5c 1 6 May 4 3% Jan. 8% 30 30c 44c 30c 2% Sale 1% 6% 5% 25% Apr. 12c 40c May 4 44c" May 17 *12%cMay 16 *12%cMay 16 2 May 1 3% May 20 40c 10c 1% 75c 25c 5% May 9 6 May 26 13% 1% * * c * 15 1.00 81 1.75 82 9 8% 5% A* 9% Sale 4 4% 65c 183 Farmers & Merch Nat Bk 100 63% 1% 64% 7 7% 3% 8 4% 8% 4 5 5% 25 A 85c 360 77% 10% 10% 70c 370 59 9% 6% 42c 365 60 10 7% 50c 392 2.50 10 common Gladding McBean & Co * Globe Grain & Milling Co>._25 Golden State Co Goodyear T & R Akron corn..* ... 71% 7% 8 4% 4% 9% Sale 70% 5% 5% 69% 9% a1* 46c 380 11 566 tFitzsimmons Stores Ltd 100 General Metals Corp 21,118 General Motors Corp 90c * 83,840 Holly Development Co ...1 515 Holly Oil Co 5 300 Honolulu Oil Corp 1,219 Hudson Motor Car Co.......* 2,392 Hupp Motor Car Co 5% 41% 4% 7 41% 6 55? 7 6% 8 6% 7% 24% 25% 39% Sale 1.15 Sale 1% 19% 5 1% 2% 22 5% 1% 5 43 6 5% « ^ Sale 392 12% 6% 44 7% 7 6% 8% Sale 8% 8% 27% 28% 41% Sale 1.15 Sale 1% 17 4% 1% 2c May 8 2c May 8 *13% May 24 *13% May 31 *15 May 1 *16% May 11 12 12% May 9 May 16 15 15 12 90c 68 May 8 7% May 2 4 May 16 8% May 2 4% May 9 70% 7 % 4% 9% 5% May May May May May 25 26 29 29 23 19 19 11 3 Apr. Apr. Apr. Mar. 7 Mar. 30 61 7 3% Feb. 30 16 Mar. 14 70% 10% 2% 19% 5% 1% Feb. 6 8 Jan. 4 3c Jan. 12 2c May 8 Apr. 15 Apr. 6 19 14% 18% 11 5 * 7!=* 20 13% 17% * 6 12 30 Feb. 3c 15% 13% Apr. 17 May 20 Jan. 3c 4c 13 Jan. 10c 17 10c lc 14% 12% 75c 17 16 3c 2c 12 17 17% Jan. lc 10c 5c 17% 16% Mar. 16 Feb. 7 33 Apr. 6 May 16 3c 2c 18 30c Mar. 22 Feb. 5 2 13 May 8 Apr. 15 Apr. 6 Feb. 14 lc 2c 7c 17 Jan. 2c 5c 10c 3c 16% Apr. Apr. 11 Apr. 25 Jan. lc 2c * 100 Mar. 5% Apr. 21 1 * Jan. 3 2c 5c lc Sale Prices Mar. 31 1 1 65* 27 May 1 30,180 Exeter Oil Co page 87 %c Sale 1 76% 9% 9% For footnotes see 5% 7% Highest Sale Prices Jan. 28 75c 4c 4 5 Hancock Oil Co A 50c 13c 40c 1% 8% Highest Sale Prices 2c 2,037 Douglas Aircraft Corp 11,030 Electrical Products Corp 6,955 Emsco Derr & Equip Co 3,040 10,843 1,838 8,685 15,564 Ask Ask Bid Lowest Lowest Sale Prices May 31 May 1 1939 50 1 3,100 Barnhart-Morrow Cons 2,650 Berkey & Gay Furniture Co__l 28% May 11 1939 Bond Sales PRICES 2,200 Assoc Gas & Electric A 100,549 Bandini Petroleum Co 350 General Paint '"'155 13 Price Shares 566 3 Mar. ANGELES STOCK EXCHANGE ANGELES 350 District Bond Co ""304 5% May 29 4% May 25 % May 13 28 May 551,115 2,310,807 STOCKS 100 "2",000 2% May May 50% May 29 % May 15 65c 4% May 17 4 May 18 % May 13 5% 5% % 6 44% Jan. 10 Apr. 44% Jan. 16% May 35 Jan. 2% May 54c Apr. 44% May % Feb. 40 Apr. 4% Apr. 4 May % May 1.00 5% 4% 5 4 Mar. 10 May 26 8 39% May 25 % May 15 1 55c 1.00 4% 6% 6% % 6 1 Jan. 27 3% Jan. 6 May 43% Apr. 5% Apr. 11 May 25 17 16% May 29 38% May ~ 2% May 18 58c May 29 44% May 18 Feb. 26} 15% May 13 28 27% Jan. 11 28% Jan. 4 32 Jan. 10 May 26 8 May 26 Mar. 20 7} 255 23% Jan. 15% 40% 1938 475 Barker Bros common...... 25 5%% preferred 8,190 6% May 16 2 Feb. 6 28 J Apr. 20 44 35 13 35 39% 2% Since ""576 Feb. 7 5% Apr. 10 1% Apr. 4% Feb. 15 27 Mar. 14 4 Jan. 18 11 6% May 12 44% May 29 6% May 20 May 8 25 5 100 6 44 % May 29 7% 42% 12 Shares. 272,665 ___2,161,901 Jan. 1 35 20 Jan. 3 May ""900 6% 45% 7% 45% 14% 43% 35 STOCK EXCHANGE "6", 485 3 6 AGGREGATE Shares 30 5% 43% 7% 7% 1939 LOS 29 3 6% 45% 6% 6 RANGE OF PRICES ON THE LOS SALES 26% 26% 28% 29% 8 3% 8 7% 52% Sale 6% Jan. 1 to May 31 6% 24% Sale Jan. 10 Apr. 17 Mar. 17 45 31% 5 May May 17 3% May 31 27 23 cr^ 80c Stock Sales Sale 19 J* 14 11% 6% 6% 2% 1% 5% Sale 23% 27% 5 18 11% 6% 2% 5% 22 "4% 2 1.75 6 3% 4 6% May 29 22% May 24 19 May 24 26% May 11 28% May 11 29% May 27 42% 3% May 3% May May 24 1 19% Feb. 16 25 Jan. 19 25% May 16 4% Mar. 9 26 Mar. 17 33% Mar. 3 2.45 Feb. 17 48 Feb. 11 4% Jan. 4 23% Mar. 9 11 % Mar. 15 8% Jan. 5 1% Apr. 1 26 27 12 10 5 17 5% May 31 5% May 22 21 % May 10 15% May 13 26 May 3 28 May 2 29 May 2 56 J& 27 24 % Apr. Apr. Jan. Apr. Jan. Feb. 11% May 16 6% May 3 25 3 Mar. 28 1 48 25 5 8% Mar. 10 Mar. 13% 22% 20% 3% 18% 30% 23 25% 5 27% 3% 16% 10% 6% 1% 13 8% 7% 22 24% 3% 5 6% Jan. 3% Apr. 5% Apr. 28 1.75 Jan. 15% 2.00 24% 68% 6,535 Warner Bros Pictures com 381 West Coast Life Ins Co cap 100 Western Pacific RR com l",32l 26% 16% "15% 48 Sale 10 200 Utah-Idaho Sugar Co com.. 25 1,500 Vica Co common 100 3% May 17 6% May 1 24 50 4% 23% 5 * 1 United Corp of Del common U S Petroleum Co capital U S Steel Corp common 7% 25 2.50 1.65 45 Superior Portland Cement— Class A preferred * Class B common * United Aircraft Corp cap 4% 6% 3% 5% 22 18% 4% May 1 7 May 25 Ask 4 23 4 Highest Sale Prices Sale 25 14% 20 M 23 20 200 Texas Corp common 25 115 Title Guaranty Co cum pref.. * 80 1,450 27 % 51 6% preferred 100 * 2,491 Standard Brands Inc com 400 Standard Oil N J capital 25 Studebaker Corp common 1 7,125 Sunset-McKee Salesbook Co— Class B common _* 20 515 8% 27% Sale Lowest Sale Prices Sale Ask Bid 4% 6% 6% 8 % _ '""IIo 1,072 6 % Highest Sale Prices Sale Prices Ask Bid Bid 678 North Amer Co common—_ 1,469 Oahu Sugar Co Ltd capital..20 586 Olaa Sugar Co Ltd capital. .20 483 Onomea Sugar Co capital—20 700 Pacific Indemnity Co cap—10 584 Pacific Portl Cement com. .100 205 6% % preferred 100 4,896 Packard Motor Car Co com. * 700 Pennsylvania lilt Capital 50 220 Pioneer Mill Co Ltd capital_20 * 9,008 Radio Corp of Amer com 150 Radio-Keith-Orpheum com—* * 2,600 Riverside Cement (Del) A 104 Santa Cruz Portl Cem com. .50 8,618 Schumacher Wall Board com Preferred * 1,771 1,591 Shasta Water Co common—* 25 19,415 Sou Calif Edison common C 5%% preferred 25 6,071 B 6% preferred 10,106 25 246 Sou Calif Gas 6% pref. 25 Sou Pac fic Golden Gate Co— ""577 20 Par Lowest May 31 May 1 1939 21,991 Mountain City Cop Co cap. - 5c 2,523 Nash-Kelvinator Corp cap—5 * 100 Nat Distillers Prod com 11,456 Nor Amer Aviation Inc cap—1 "uoo 330 STOCKS Shares 882 1 Price Jan. 3 In May Shares 900 EXCHANGE RANGE SINCE JAN. IN MAY PRICES FRANCISCO STOCK 6P *62% May 20 *70% May 25 9 10 10% May 25 May 3 7 7 May 22 May 22 A* 40c. 42c 5 May 19 49c May 385 May 9 360 May 9 385 9% 11 May 24 9} May 15 6 6 6 May 6 May 6 37% May 25 43% May 11 45 5% 6 6% May 23 6% May 23 5 9 May 4 8% May 4 6% 7% May 12 7% May 12 9 24% *24% May 17 *28% May 33 39% May 1 42% May 11 1.20 May 15 1.15 May 1 92|*c Apr. 27 Apr. 11 Apr. 10 Apr. 28 Jan. Apr. Jan. 3c 8 8 8 11 6 1.00 Mar. 31 8 83% Mar. 9% Jan. 6% Jan. 4 Mar. 3 Mar. 6 9% 5 6% 70% 11% 10% 67 %c 4 399 May 15 May 6 Apr. Apr. 3c 6 Mar. 14 Feb. 9 Mar. 10 Jan. 4 Jan. 20 6 Mar. 11 May 24 6 May 6 51% Mar. 10 7% Mar. 6 9% Jan. 7 9 May 4 Apr. 10 Apr. 26 Apr. 11 Apr. 11 8% Feb. 23 35% Mar. 8 42% May 11 Mar. 31 1.40 Jan. 20 12 22% Jan. *5% May 24 1% May 2 *5% May 24 1% May 23 2% Jan. 22% Jan. Feb. 2 Feb. 23 2 1% Mar. 29 2% Jan. 5 7 65 EXCHANGE STOCK ANGELES LOS June, 1939] AQQREQATE PRICES los angeles SALES In Jan. 3 Since May Jan. 1 Shares STOCKS 400 7,650 2,320 5,174 909 1,500 10,575 7,800 ~ 4~,906 400 "1,093 320 1,110 192 260 500 2,691 8,535 10c 3394 294 394 594 435 140 3,131 2,979 56 277 5,598 3,973 100 740 303 10,507 5,371 400 *600 260 3,000 12,550 200 15,000 1,000 4,000 500 1,643 1,330 90 10 705 1~,766 620 240 "700 ""265 247 620 155 1,325 855 "'525 1,203 473 770 235 240 201 20 1,079 1,964 2,110 771 185 680 240 1,100 120 1,765 210 287 522 625 1,145 234 1,020 224 554 179 502 452 75 4,475 3,337 1,915 64 * 6c 7c 22c 16c 20c 12c 634 50 1 35 18c * 9 * 294 394 794 2894 28H 1494 6c 3094 894 24 94 42 H 2894 2794 3194 2194 28 2 43 . 1,135 Armour & Co (111) 642 Atlantic Refining Co 4,807 Aviation Corp (Del) 50 Aviation & Transportation 8.101 Bendix Aviation 2,515 Borg-Warner Corp 625 Canadian Pacific Ry 55 Case (.J 1)_: 3,054 Caterpillar Tractor 60c 494 4 94 1794 394 12 11 1094 29H 32 H 2994 28 Sale Sale 794 2194 1294 Sale 5c 194 lc Curtiss-Wright 45 H 106 H 6 19H 1034 2 94 40 25c Sale 20c 9H 3094 30 34 32 H Sale "22c" 15c 734 8 834 2 4 634 1H 2 434 494 33H 40 41 27 30 29 30 1094 11H 3c 8c Sale 26 834 2594 40 H 2894 9 26 42 H 29 34 2834 28 32 34 3294 - — Sale 12 2634 194 . 38 8 594 1694 14H 794 65c 6 2634 2 34 39 Sale Sale 16 H 15H 834 194 Sale 334 234 11H 14 3H 4 May 3034 May 32 34 May 2994 May 30 34 May 4534 May GO 6 534 1294 1194 May it) May May May 20c May May 794 194 394 534 £3534 May May May May May 27 May £1094 May Feb. 15 Jan. 11 10c Jan. 20c Jan. 3 7 85c Jan. 17 734 Jan. 19 16 4c 9c 3c Sale 28 10 934 2694 Sale 44 42 H 2994 2934 2894 2894 3234 33 "3334 1394 2694 14 Sale 134 2 41H 894 634 Sale 16H 14H 894 Sale 65c 534 1034 Sale 1594 934 194 6H Sale 3 11H 4 14 4 2634 May 894 May 2594 May 1 5 2 May May 3 2 41 29 2834 May 3 £3294 May 18 33 H May 29 12 May 1 2594 May 16 2 May 18 39 34 May 794 594 1634 1494 May May May May 3 9 5 2 3 (£) 594 May 11 294 May 15 3H May 8 8H May 8 May 1 28H May 22 May 12 10 2694 May 29 43 May 18 2994 May 12 2894 May 11 £32 94 May 18 3334 May 29 14 34 May 27 2694 May 31 2 May 18 41H May 31 8 May 1 634 May 31 17 22 8 25 1 55c 994 Apr. 1094 May 31 1134 Apr. May 6 11 934 Apr. May 6 £10 28 Apr. 31 May 25 3134 Jan. 3294 May 26 2934 Jan. 2994 May 10 2734 Jan. 31H May 24 43 Jan. 47 H May 27 Apr. 5 105 10634 May (£) 20 May May 8 20 1094 Mar. 5 994 May 8 234 Apr. 2H May 33 Apr. May 2 33 18c Apr. 20c May 25 694 Apr. 834 May 25 194 Apr. May 9 2 3H Jan. 494 May 10 534 "Feb. 3 634 May 30 H Mar £4034 May 25 26 Jan. May 29 29 £1134 May 10 May 11 1 Apr. 10 13c Apr. 28 55c May 17 494 Apr. 6 7 25c Feb. 60c 1034 May Feb. May 16 Apr. 28 3694 Feb. 24 7 294 Jan. 494 Mar. 7 60c Apr. 5 4 594 Jan. 25c Apr. 25 11 5 4c 6c May 27 May 3 5H May 24 May 17 594 May 16 33 31 7c" May 13 55c 30 2934 32 34 3134 4894 4794 106 10634 Sale 594 594 20 2194 2094 10 994 934 2H 234 234 7H 1H 394 594 3234 Sale 394 Sale 2994 30 1594 Sale 31H 10 Sale 43 29 Sale 32 Sale Sale 294 Sale 894 Sale Sale Sale 894 1% 8 Sale 20 14 34 12 10 33 25c 32 894 Sale Sale 22c Sale lc 8c Sale 294 lHc 5c 2c 9c 6c 5c 8c 134 194 1.10 Sale lHc 2c 1.10 8c 5c 1794 18 H 5194 50 5 25 —3 1 5 Corp 149 3394 594 22 94 894 394 2894 31 * * 10 * 1 5 46 7 794 1194 1H 3094 794 27 94 1094 43 General Foods 39 Corp Goodrich (B F) Co * International Nickel Co * * International Tel & Tel 4,304 Kennecott Copper Corp: * * Loew's lnc Montgomery Ward & Co York Central RR North Amer Aviation lnc North American Co 150"" 22c 3 34 cMay 16 8c May 16 lc 2c lc 15c 8c 14c 9c 3Hc 2c 3H'c 3c 11 2394 54 94 994 4294 5394 * 50 * 1 * 2194 19 Pictures Corp of America Sears Roebuck & Co Socony-Vacuum Oil Co Southern Ry Standard Brands lnc May 12 15H May 15 Feb. 30c 1294 Mar. 1134 Apr. 1034 Feb. 33 94 Mar. 32 94 Mar. 2934 May 33 94 Mar. 4894 Mar. 108H Jan. 8 18 18 8 30 20 26 13 12 21 14 18 9 11 14 10 4 15 19 24 Jan. 7 1094 Mar. 3 94 Jan. 6 36 Jan. 23 30c Jan. 21 17 18 494 May 10 1034 Jan. 3 34 Jan. 734 Jan. 6 Mar. 10 6c Mar. 21 3 Jan. 32H Jan. 5 10 May 12 2794 Mar. 10 43 Jan. 19 29H Mar. 25 2894 Mar. 14 8 734 Apr. Feb. 31 24 34 Apr. 3 39 14 Jan. 25 4034 Apr. 4 2894 Apr. 21 2734 Jan. 3 32H Tan. 20 32 Jan. 17 32 Apr. 17 33 H May 29 4 1094 Apr. 8 2 I % Jan. 2594 May 16, 30H Apr. 14 2H Jan. 25 134 Apr. 11 4534 Mar. 10 35H Apr. 11 8H Jan. 4 7H Apr. 3 794 Jan. 10 594 Apr. 11 1634 May 2 19H Mar. 9 1234 Apr. 8 1694 Mar. 8 894 Apr. 14 8 Jan. 20 23 (£) 6 3 1 May 24 May 334 May 8 894 May 31 24HcMay 4 5c May 16 10c May 1 1.10 May 25 lc May 16 9c May 5 3c 5 5H 294 2134 2294 2394 2394 91 394 70H 73H 77 4 1 6 May 1 18 5 Jan. 4 394 Jan. 9 Jan. Jan. Jan. 10 5c 10c Jan. 3 6 2H Jan. 16 Mar. 294 Apr. 394 Feb. 23 May 19 May 1 May 25 May 16 May 5 10 6 7 834 Apr. 19He Mar. lc Jan. 7c 1.10 Jan. Apr. 17 lc 30c 30 30 Jan. 9c 3c 10 9 2c Jan. 10c Jan. 17 4c 10 Feb. 24 Feb. 23 Jan. 20 47 439a 4434 44 H 46 534 694 6H 1094 1H 2294 634 694 1094 194 2394 594 2694 834 694 794 Sale 1194 194 3134 Sale 2794 11H 1194 4394 3994 2494 5534 994 43 94 5434 5094 2294 Sale Corp Corp (Del)-- U S Corp Warner Bros Pictures o Sale 8 794 3434 42 H 15 16 4534 4594 6H 3194 3994 4494 6 3134 3894 4434 13H 1494 20 34 734 334 794 634 1434 1534 2134 794 394 8 6H 8 3594 4494 1734 4934 AH 3294 4534 5094 1534 1594 22 7 334 994 634 2 10 * * 10 .100 5 4794 14 94 9034 4094 a W Sale 6894 694 118H 1594" 1794 6734 1194 ._* Westinghouse Elec & Mfg—50 t Listed May 3, 1939. 734 694 3394 4194 12 13 Union Carbide & Carbon S Rubber Co 25 4 1734 15 25 U 994 134 2194 5H 5 234 66 H * * 25 United Aircraft 6 1H 25 1 Tide Water Assoc Oil Co 2 15 Texas 1294 May 25 42 H May 24 157 May 1 2534 May 27 £434 May 15 £1934 May 16 534 May 10 (£) 4 1134 Apr. 10 1894 Jan May 24 42 H May 24 Apr. 12 16534 Mar. 9 5 23 Apr. 19 36H Jan. 5H Jan. 10 334 Apr. 11 . 42 H 152 80 32 -_* * Swift & Co 13 1294 May 44 34 42 H May May 15634 157 23 34 May 2534 £4 May 434 2134 £1994 May 534 594 May (£) 294 22 H May 2434 2434 2494 May 494 £394 May 2094 2194 394 Sale * Standard Oil Co (N J) Studebaker Corp Corp 1234 4394 155 1934 22 94 Sale Republic Steel Corp Seaboard Oil of Del 157 1234 4094 Sale 2494 394 2094 Inc 700 Radio-Keith-Orpheum 1194 3994 2394 434 634 Ohio Oil Co Packard Motor Car Co 1 2294 394 1894 3494 594 89 C'lass A. Paramount 8 7H 22c Sale 2c Electric Power & Light Corp.. General Electric Co -_* 594 18H 994 234 3c * Electric Bond & Share No par value. 105 H 15c 10c * 5,284 Commonwealth & Southern--* 5 1,367 Continental Oil Co (Del) Steel 2994 32 34 44 H 594 25c Sale "16 94 1034 30 Sale 30 Sale 5 6c 4c 1]34 14c Mar. 24 49c 52Hc 60c — 9H 2934 32 34 2894 994 1094 2394c 25c 5He 100 51 Cities Service Co 7,008 Columbia Gas & Elec Corp 2,874 Commercial Solvents United 294 25c 9 22 17 4 26 stocks— 11,144 American Tel & Tel Co 13,931 Anaconda Copper Mining Radio 42c Mar. Apr. May Apr. Apr. Apr. JanMay Apr. Apr. Apr. Sale Prices 41c Jan. 16 stocks— 4,063 Amer Rad & Stand San 2,170 Am Smelting & Refg Co 18,997 1,745 3,466 4,412 3,618 5,201 2,310 8,869 1,674 3,512 2,454 3,173 3,361 2,350 11,195 16,822 10,181 1,509 8 694 1894 1594 794 77,000 Imperial Development Co__25c 1 9,600 Tom Reed Gold Mines Co 1 26,400 Zenda Gold Mining Co New 57He 65c 4H 5H 15c 25c 994 10H 31 43,180 Cardinal Gold Mining Co-_--l 1 2,225 Cons Chollar G & S Co 1,580 7,738 16,088 20,793 5,718 1,135 3.102 2,589 7.541 2294 194 394 29 2 9 3 20c 2094 1194 3H —10 294 10 6c 3c 48c 12c 108 10 42c 2c 23 16 3 29 lc 55c 6c 10 * 2534 234 434 2c May 1134 May 12c May 29 May 294 May 434 May 47c May 334 May May 23 May 17 May 15 May 23 May 10 May 2 May 22 May 19 40c 15c 49c 2834 3194 2894 2794 43 H 1,420 Alaska Juneau Gold M Co_10c 143,900 Black Mammoth Cons M ColOc 10c 104,700 Calumet Gold Mines Co 10,775 2,841 1,150 3,525 7,741 3,487 5,051 2,847 3,452 4# Sale 3 40c 4c 05c 60c 11H 10,375 Wellington Oil Co 1 100 Western Pipe & Steel Co 10 1,629 Yosemite Portl Cement pref 10 unlisted 345 2H Sale " mining 24,100 Sale A* 15c 2c 25c 590 1,038 5,688 40c 294 Sale 77He 80c 694 794 1,030 Van de Kamps Bakeries * 70 Victor Oil Co 2,017 Weber Showcase & Fix pref--* 88 "l~,640 50c A* 10c 17c 1,049 256 12c 2834 234 47c 30c 2c 10 10c 117,851 Ryan Aeronautical Co 3,384 Saleway Stores Inc — * 1,191 Security Co units 443 Shell Union Oil Corp ---* 27,000 Sierra Trading Corp 25c 6,367 Signal Oil-Gas A * 3.529 Sontag Drug Stores * 25 41,117 So Calif Edison Ltd com 697 Original preferred ---25 18,011 6% preferred25 5 H % preferred 18,965 25 728 So Calif Gas 6% pr^f 25 6,471 So Calif Gas A 6% pref 25 100 39,228 Southern Pacific Co -* 30,362 Standard Oil of Calif1,900 Sunray Oil Corp 1 8,117 Superior Oil Co common 25 818 Taylor Milling Corp .* 98,836 Transamerica Corp * 25 59,045 Union Oil of California 10 5,224 Universal Cons Oil Co 622 2494 294 50c 03c * * 55,223 Richfield Oil Corp common Warrants 9,005 11,668 Roberts Public Markets 4c 48c 10 * Preferred 23 34 /0c Lowest Sale Prices 1034 10c Sale 21c 25 25 11,700 Rice Ranch Oil Co 14c 234 Highest Sale Prices 30c ""2c" 12c 11c 34 H Sale 4 50c 10 25 16,390 Republic Petr Co Ltd 20 3,300 3.480 Preferred series C 60 Pacific Public Service._ 484 Pacific Public Ser 1st pref 680 Pacific Western Oil """160 30c 2c 994 10 7,581 Pac Gas & Elec Co com 1st preferred 6% 2,867 925 534 % 1st preferred 9,220 Pacific Indemnity Co 6.528 Pac Lighting Corp com 781 $6 preferred 300 1,520 Preferred A 958 95 1,375 1,013 3c Ask Ask Bid Bid 40c 06c 36c 1294 240 20 Ask Bid Par 3,165 Intercoast Pet Corp --1 10,000 Jade Oil Co 400 tLane-Wells Co 36,521 Lincoln Petroleum Corp 1 19,989 Lockheed Aircraft Corp 1 2 34,298 L A Industries Inc 13,282 L A Investment Co 10 1 3,900 Mascot Oil Co 99,015 Menasco Mfg Co 1 1 4,300 Merchants Petroleum Co 6,000 Mid-Western Oil Co 6,045 Mt Diablo Oil Ming & Dev 1 26,800 Nor don Corp 5 5,466 Occidental Pet Corp 1 19,280 Oceanic Oil Co 1 2,880 Pacific Clay Products * 4,350 Pacific Distillers lnc 1 11,051 Pac Finance Corp common-_ 10 Highest Lowest Sale Prices May 31 May 1 1939 Shares "l'ooo 1 RANCE SINCE JAN. IN MAY Price stock exchange 1394 634 4594 694 1834 44 37 39 H 12 1194 594 4494 694 1794 3634 1134 72 7294 36 294 3534 4594 3534 234 34 H 4534 494 Sale 87 H 88H X Listed May 15, 1939. 1634 1894 7634 1134 1534 634 694 74, M 49 H 494 9634 694 694 1194 194 2434 Sale Sale 894 894 3694 4534 May 10 2494 May 25 £434 May 26 23 4534 May 26 45>4 May 26 (£) 6H 29 6H May 29 11 May 29 11 May 29 134 May 17 194 May 3 £2294 May 12 £2394 May 6 May 23 534 May 17 25 May 1 2694 May 31 Say 794 May 35 May £4394 May 1694 May May May May May May May May May May May May May May May May May May May Sale 6 May 4494 £4294 May 7 694 May 18H £17H May May 4034 £37 1294 1134 May 7634 £7294 May 3894 3734 May 294 £2H May 42 35 May 45 34 May 5034 594 494 May 9734 £87 May 18 4994 £4594 794 7H 30 3334 4594 £3894 5194 £4634 16 1494 16 1694 2294 £2034 794 3 34 394 £894 994 634 694 194 17" 1494 1994 £1794 7694 £6694 1194 1194 16 1534 i Removed Sept 8. 834 May 25 534 Apr. (£) 43 3 594 Apr. 11 1134 Mar. 24 Apr. 8 2694 Feb. 14 5 24 Mar. 31 834 794 34H 4034 1694 4534 Apr. 35 May 3 £4434 May 31 1794 May 25 £50 May 31 634 734 May 25 30 30 May 17 1 4534 £3834 May 45 £5194 May 29 14 15H May 29 1234 May 3 16H £22 34 May 31 734 May 17 2 394 May May 29 May 26 194 May 15 1634 May 27 1694 £1994 May 26 6994 £7634 May 31 1134 1194 May 16 1594 May 24 1-534 6 634 May 29 £46 H May 4494 4 5 3a 694 May 24 1734 4 £1834 May 44 £40 May 27 1194 1294 May 29 £76 H May 4 35 3 3794 May 2 £2H May 41H May 25 46 49 May 26 4 534 May 10 May 29' 10394 Ti iVm slh t Odd lots. Apr. Jan. Jan. 13 1934 Mar. 31 2294 May 1 26 29 M 3 Feb. 24 24J4 May 25 (£) 52H Mar. 8 6 8J4 Feb. 1294 Feb. 14 6 234 Feb. 2694 Feb. 14 3 794 Jan. 2694 May 31 13 Apr. 19 Apr. 24 Jan. 19 1234 Jan. 19 Mar. 18 42 Mar. 16 May 6 Apr. 6 Apr. May 17 23 Mar. 5534 9H 3934 4594 Jan. _ Mar. 18 Apr. 3 Apr. 27 Apr. 11 Apr. 10 May 17 May 22 Mar. 17 Apr. Apr. 10 4 Apr. 17 Mar. 31 Jan. 23 Apr. May Apr. Apr. Apr. Apr. 19 9 27 14 11 12 Mar. 9 Apr. Apr. Apr. Apr. May Apr. 10 25 3 8 17 18 Apr. 11 12 H Mar. 50 4 6 Feb. 6 27 Jan. 14 Mar. 18 Mar. 17 22 H Jan. Jan. 4 4 4 Mar. 10 Jan. 4H Jan. 1394 Jan. 834 Mar. si* 2034 74H 1394 2134 734 5094 894 1734 4634 6 6 3 8 Mar. 17 Jan. 4 Mar. 16 Mar. 4 Jan. 3 Mar. 3 Mar. 11 Jan. Mar. 17 9 Apr. 12 17 14 34 Mar. 10 28 8494 Feb Jan. 4134 Feb. 24 6 394 Feb 3 51H Jan. Jan. 3 69 694 Jan. 5 Jan. 17 Mar. 22 110 RANGE OF PRICES ON Stock Sales May. THE CLEVELAND STOCK EXCHANGE 1939 Shares_ — Jan. 1 to May 31 Bond Sales 1938 1938 1939 May 17,237 124,077 21,526 158,710 Jan. 1 to May 31— AGGREGATE PRICES CLEVELAND STOCK EXCHANGE SALES STOCKS Jan. 1 May Shares 10 S Bid 668 Air-Way El Appli 1st 7% pf 100 681 Akron Brass Mfg common * 8 635 Amer Coach & Body 8% 41 41 Amer Home Products 52 5 834 Apex Electric & Mfg Preferred 139 5 420 3,323 110 120 405 1,005 69 535 1,851 62 295 71 77 556 718 __ 530 181 718 . " 90 330 670 Dow Chemical 5% pref 2,222 Eaton Mfg. Co. common 325 Elec Controller & Mfg. — 290 511 Murray Ohio Mfg 680 common 11 11 9 13 8 116 118 19 20 51 54% "25% 24 70 15* 16 16 5% 23 26 5 18 5,289 1,190 Nestle LeMur "A" 20 15% 11% 10 115% 118 21% 22% 50% Sale 12 16% 2 5% 20 18% 24 12 40 30 15% 40 11% 15% 37% Sale 45 94% 99 "5% 3 33 12 35 34 '17% 20 12% 14% 14% 12% 35 4% 14 15 11 5 15% 12% 33 15 17 Sale 19 2% 60 25 2% 75 31 3% 17% 6 20 llH 14% 4% 97 100 5 15 3 8 Sale 9% 3% 2 8% 100 Sale 19 14% 3% 9% 2,230 463 855 386 325 155 250 732 350 5 154 220 21,459 2.872 6,276 208 Richman Bros-- * com * 5 * - Seiberling Rubber Co com Seiberling Rubber pref-Stouffer Corp— Class A $2.25 cum pref- * --* 16% 16% 2% 14 - 65 5 23 8 17% 48 45 11 11% 12% 7% 5 20 9% 4 No par value, t Odd lots. Sale 29 4% Sale 10% 13" 4 Sale k 7 2 (t) 3% May 19 May 18 3% May 1 May 18 32 % May 19 1 % May 4 30% May 20 17% May 3 (t) 14 52% 55 8 May 12% May 12% 9% 13% 10% 31 31% 7 8% 86% Sale 8% May 22 May 18 13 24 Say 89% Say 3 23 18 11 9 62 20% 3% 18 3 May 3% May 2 % May 4% May 5 1 1% 14% 10% 8% 38% 10% 9 10 2% 13% May 3% May 3 May 4% May 8 34 17 30 Jan. 11 38 (t) ay (0 7 14 Jan. Apr. 1 Jan. 12 17% Mar. 13 2% Jan. 13 Feb. 21 CO Mar. 21 Mar. 16 Jan. 18 Jan. Mar. Jan. 5% Feb. 48 Feb. 75 Jan. _ 2% Mar. 14 % Feb. 7 30% Mar. 31 26 Feb. 17 35 Jan. 11 Apr. 22 Apr. Apr. 8 Apr. 7 Apr. 12 Apr. 11% Mar. Jan. 6 17 25 11 4 5 17 17 13 13 Apr. 25 12% Jan. 23 8% Jan. 20 14% Jan. 23 11% Mar. 17 30 1 50 Jan. 3 8 91 Jan. 20 35 Feb. 18 Apr. 19 3 18 27% 4% 13% 4% 4% 5% 1% 14% 67% Feb. Jan. Mar. Jan. Jan. Feb. Jan. Jan. Jan. May Feb. May May 4% Mar. 1% Apr. 10% Apr. 2% 10% 3% 2% 60 May 13 2 5 7 15 26 Say % 37 66 66 7} 32 ] Say 12 3 4 2% 4 2% Jan. 19 27 15 36 21 60 (0 Mar. 21 3% Apr. 8 22% Feb. 10 t 9% Mar. 9 51 Mar. 7 15% bin. 4 5% 1% Jan. 23 % Apr. 24 24 Mar. 16 22% Mar. 14% Jan. Jan. 41 34 31 35 19% 2% 13% Say Say 8 2 Mar. 16 6% Jan. $ (p 69 11 30% May 20 17% May 3 10 41 Feb. 9% 49% 15% 4% 3% May 19 32 May 18 6o 10% 60 6 15 t 1 33 25 Apr. 2% Apr. 60 1 50 11 14 20% May 15 (0 26 Feb. 3% 20% May 15 Jan. Apr. 14 Apr. 14 3 Apr. 26 9 Apr. 10 14% Jan. 23 12 (<) 32 37 1% Sale - * 992 Weinberger Drug —100 575 W R I Corp prefl 834 White Motor * 1,935 Youngstown Sheet & Tube (0 20 Jan. 11% May 16 15 May 29 40% Jan. 97% May 25 101% Mar. 4% Feb. 4% Jan. 9 May 17 14% May 20 48 4% 3% Sale 4,898 Van Dorn Iron WksCo com--* * 805 Vlchek Tool-340 Warren Ref & Chem com-.-.2 May 17 May 11 Sale 25% 11% 13% 14% 7% 9 13% 14 10% 12% 34% Sale 37 24 4% 17% 32 75 27 31 14% 1% 10% 10 11 Apr. 35 35 7 Jan. 44% Jan. 37 18 60 94% Apr. 25 24 33 15 39 23 20 (0 Feb. 27 Jan. 34% May 26 18 May 13 12 % May 9 3% May 26 15 23 Jan. Apr. May 6 17% May 13 12% May 23 3 May 1 34 35 21 34 29 Slay 15 14% 14 U00 20 38 A* 'J&x 70 Jan. 40 May 8 40 May 8 (t) 11% May 16 12 16 37 May 29 38% May 4 97% May 25 100 May 4 14% 60 Apr. 20% May 54% Apr. 14 Apr. 2% Feb. 26% Mar. 9% Mar. 28 7% Feb. 27 8% Feb. 8 (0 6 113% Jan. 23 10 77% Apr. 25 31 7% Jan. 31 Feb. 2 3 42 10 10% Mar. 2 90 May 17 17 20 Mar. 29 10 18 2% Jan. 13 Mar. 8 18 61 3 113%J an. 20 17 23% Jan. 31 14 22% Jna. 4 12 Jan. 14 8 13 Jan. 11 13 5 118% Jan. 19 23 20% May 23 Jan. 14 14 70 16 Jan. 7 19 2% Feb. 15 15 14 26% Mar. 14 CO 31% Mar. 20 94 Apr. 24 5 * 2,663 Thompson Products Inc com.* __1 1,230 Troxel Mfg * 205 Union Metals Mfg Co 1 1,343 Upson - Walton- 115 40 30 24 1,494 Packer Corp. 1,683 Patterson-Sargent 685 Reliance Elec & Eng 24 17 24 29 9 18 19 29 17 13 4 23 12 5 29% 50 17 18% 50 40 * * 145 May May May 2 May 45 May 114 May 18 May 14% May 11 May 9% May 116 May 20% May 51 May UK 90 195 21 50 16% * 9% May 90 May 17 May 2 May 43 May 114 May 17% May 12% May 11 May 9% May 115% May 20% May 50% May 8 20 —— Mar. 6% Mar. Apr. 9 Apr. 90 May 17 Apr. 2 Apr. 43 May 112 Apr. 16 Apr. 12 Apr. 10% Apr. 9% May 41 (0 25 * - 77 it) (0 24% 189 Nineteen Hundred Corp A - 11% Apr. It) III (0 (0 39 -* 20 Ohio Confections A 2,698 Otis Steel Co common (0 <0 18% 28% 36% "16% Highest Sale Prices 6% Apr. 6% Apr. 6% May 6% May 16 21 17% 27% 571 Ohio Brass B 148 1 Lowest Sale Prices 8 May 31 7 May 23 97 15 10% 38% * 50 114% 26 * - 8 May 31 6% May 23 6% May 3 (0 (0 7% 23 51 100 19 97 * — Preferred 44% 113 10 20 * 19% 2% 3 13 _* 96 16% 46 38% * 92 2 29 100 14 85% 20 40 33 * . "16" 41% 13% 16% 14% 63 12% "6% 14 80 * 16 48 6% 17 25 268 SINCE JAN. Sale Prices Highest Sale Prices 85 17% "26" 12 13% Sale 12 * $6 prior preferred National Tile 9% 80% 10% 85 41 27% 80 Myers (F E) & Bros Co com--* 1 1,215 National Acme Co com National Refining 25 New 6 "12" 112 "2l" * . - 164 57 m* * 50 607 "16'" * * . 85 410 50 * _* 560 Metropolitan Paving Brick Preferred 28 Midland Steel. 1,774 6,126 1,345 6% 3 61 * * - 268 Miller Wholesale Drug 774 Monarch Machine Tool Co 150 "6% 5 50 90 McKay Machine 1,083 McKee (Arthur G) B 1,821 Medusa Portland Cement , 47 2 _* - 'W- * Jaeger Machine Kelly Island L&T Leland Electric 80 20 100 Lamson Sessions 6% 100 563 Greif Bros Cooperage 215 Halle Brothers 1,589 3,118 3,722 732 8 Sale 85 __4 * Sale 6 6% 16 * * * 100 8 8 73 —lOO - 10% 7% 1 4,225 Goodrich (B. F.) Co. common 5,174 Goodyear Tire & Rub com—* $5 conv cum preferred * 62 Preferred 942 205 Hanna (M A) $5 pref 75 Harbauer 1,468 Interlake SS 7 Ask 6% 100 * 250 Faultless Rubber Co com * 20 Fostoria Pressed SteelGeneral Tire & Rubber com__5 2,318 230 General Tire preferred 100 2 RANGE Lowest May 31 Ask Bid 5 12 * 105 Great Lakes Towing Preferred 14S Bid 10 9 100 726 Colonial Finance Co common A 520 Commercial Bookbinding . 234 3 * - 6,240 Cleveland liys 24,366 Cliffs Corp vt c 50 171 52 * preferred 148 875 Clark Controller new 925 Cleveland Builders Realty 4,153 Cleveland Cliffs Iron pref 300 Clev El 111 $4.50 cum pref 50 10 Sale 6 100 6,552 City Ice & Fuel 110 Ask 1 com 5,848 JBrewing Corp of America 104 Canfield Oil common 100 May 1 1939 Par ares 125 225 IN MAY Price Jan. 3 Since In 13 Apr. 18 11 30 11 25 4 9% May 13 (/) 17 Mar. 25 8 24 3 1 10 5 25 9 17 7 9% May 13 (0 the leading stock exchanges of date, are furnished. In this department of combine in one comprehensive whole, securities of all classes and descriptions, not the exchanges, but also leading unlisted and inactive securities. The following is an In the earlier part of the country, for the General Quotations we only those dealt in on Index to this publication complete records of the dealings on latest month and for the calendar year to the different classes of securities quoted: Page Page ................... 84 Joint Stock Land Bank Securities Federal Land Bank Bonds............... 92 Page 84 71 —........101 85 Textile Stocks 85 Title Guarantee and Safe Deposit Stocks. 85 United States Government Securities..... 92 United States Territorial Bonds.......... 92 Railroad Stocks Mining Exchange Seats Foreign Government Bonds ............ 93 Industrial Bonds.................. 85 Insurance Stocks.......................100 Investing Companies Securities.......... 72 Utility Bonds always "flat," and no designating Railroad Bonds .................... ............ 73 78 67 closing day of the month preceding the date of issue. provide for it separately in making payment. In the case the accrued Interest forms part of the price, and of income bonds and bonds in default, the price is mark Is employed to Indicate the fact. Quotations for equipment bonds are based on average maturities. Quotations for guaranteed stocks are "and dividend" that is the It should .... accrued dividend must be paid in addition to the price. for many inactive and unlisted securities are merely nominal, but in all be borne in mind in the use of these tables that the quotations obtained from sources wuich are considered reliable. The following abbreviations are often used, viz.: "M" for mortgage, "g" for gold, "gu" for guaranteed, cases Stocks bond prices denotes that the quotation is a flat price—that is, that therefore the purchaser does not have to • .......... Public Utility Stocks Quotations for all securities are as near as possible for the The letter "f* prefixed to Real Estate Trust and Land 94 Canadian Public ..... ......... Real Estate Bonds Stocks...85 Municipal Bonds—Domestic ........ 92 81 Industrial Stocks............... ...... the figures are "end" for endorsed, "cons" for consoli¬ fund, "1 g" for land grant, "opt" for optional. r black-faced type in the letters showing the Interest period indicates the month when the bonds mature. dated, "conv" for convertible, "s f" for sinking The NOTICE—All bond prices are "and interest" except where Bid Bonds Austin 6s'40J&J 21 68 Gen &ref 5%s 1945 ser B.A&O Alabama Great Southern— } 101 31 6s 1948-. ..J&J Gen income 6s Oct 1948—.J&J Alabama & Vicksburg By— 1st M g 5s 1974 s. rieb A..M&N Albany & Susq 3 Us g 1946—A&O Alleghany Cor^— Coll tr conv 5s 1944..._—F&A Coil & conv 5s 1949 J&D Ooli & conv 5s 1950 A&O 5s utamped 1950 A&O Allegheny Valgen 4s 1942..M&8 Allegheny & Western— 1st mtge guar 4s 1998 A&O American Befrig Transit— Equip 5 %® series B 1939-.M&N Equip 5s ser F, G & H, '41-'45 Ann Arbor 1st g 4s 1995 Q-J Ark & Mem 8 Prior lien .. R^Bridge & Term— Gen mtge gold 4o 1995 A&O Adjustment 4s July 1 1995 Nov Stamped M&N Conv g 4s of *09 due 1955.J&D Conv g 4s *05 due 1955-_J&D Conv g 4s of *10 due I960.J&D Conv deb 4%s 1948—...J&D Trans S L 1st g 4s 1958—-J& %s'62 opM&S Rocky Mt Div 4s 1905... &J Athens Term Ry 1st g 5s '37--J&J Atl & Blrm. See Seab'd Air Line Atlanta & Charlotte Air Line— / 1st M 4%~ 1644 ser A J&J lot M 6s 1944 ser B J&J Atlanta Knoxville & Northern— 1st mtge gold 5s 1940—- - J & D 1st cons 4s Mar. 1 2002-—M&S Oal-Arlz lst&ref4 1st 5s ext May 10-yr coll tr 5s May 1 '45-M&N '52.M&N Equipment trust 4%s— Eq 4 Hs 1940 41 E (yr)—F&A Eq tr 2 %s 1940-52 A&O (Conn)— Lrred ctfs or tndebt fis— J&D Atlantic Coast Line of 8 O— Gen 1st g 4s July 1948——J&J Atl & DanvilK 1st 4s 1948—J&J 2d g 4s 1948 J&J Atlantic & Yadkin gu 4s '40.A&O b Basis. 49 50% 11* 22 23% 20% 22 75 80 69 Convertible 4%s, I960—F&A Certificates of deposit 13 12 13% 67% P L E&WVa Sys ref 4s'41 Certificates of deposit 2.00 55 36 1.00% 3.00% 39% 94 96% 4.00 98% 109% 110 93 94 93% 95% 94% RZ* 92 103% 110% 111% 98% 98 99 95 50 51 54% 44 44% 41% 50 ily* 70 Eq tr 4%s ser D 1940-41—J&J Eq tr 4%s ser E1940-42-.A&O Eq tr 4%s ser F 1939-44--M&N Bangor & Aroostook— 1st M 5s g Jan 1 1943..—J&J Cons refund g 4s 1951 J&J 4s stamped 1951 Piscat Div g 5s Jan 1943.-A&O St Johns Riv Ext gu 5s '39.F&A Van Bur Ext 6s g Jan '43.A&0 Washburn Ext 1st 5s *39.-F&A Battle Or & Sturgis gu 3s '89-J&D Bay City & Battle Crk 3s '89 J&D Bedford Belt 1st 5s 1938 J&J 103% 111% Belvldere Del cons 3 %s 1943. J&J Bessemer & Lake Erie— 103 54 M&N Beech Crk Ext 3%* 1951— A&O Belt Ry of Chatt 1st 6s '45-.J&J Equip tr 2%s 1940-1947—M&S Big Sandy Ry 1st g 4s 1944.-J&D 30 13 Tol Cinn Div ref 4s A '59--J&J 29 107 49% 22 20% S'west Div 1st mtge 5s '50-J&J Certificates of deposit 34% 28 4.50 4.50 4.50 3.75% 3.75% 3.75% 82% 87 99% 100.% 99% 100% 30 40 47 96% 96% 72" 103 2.10 80 99% 57% 84% 100 67 72 58% 61 2.00 1.50% 1.50% 2.00% 2.00 2.50 86 95% 41% 96% 97 J&J 85 90 J&J 80 J&J Buffalo Rochester & Pittsburgh— Con g 4%s 1957 M&N Certificates of deposit Buff & Susquehanna RR Corp— 1st 4b Dec 30 1963 J&J Burl Cedar Rapids & North— Con 1st & coll tr 5s g '34 A&O 65 70~ 78 82 4%s impt 1978— F&A 1st mtge 4%s ser A 1943—A&O 3%s Jan 1 1951— J&J Ref 3%s 1952 gu N Y O..A&0 55 60 73 56 71 53 '41--J&J F&A - 3s 1944 M&N F&A J&J F&A Cons deben 4s perpetual—J&J M&S lstmtge4%sser JJ1961—A&O 5b series AA 1944.. ...A&O 30% 36% 35% 31% 35% 37% 38% 38% 38% 38% 38% 38% Eq tr 5s 1944 J&J Eq tr 4%s 1939-1945s-a J&D Caro Cent 1st g gu 4s 1949..J&J Oaro Clinch & Ohio 6s '52.J&D 15 27" Carthage & Adirondack— 1st mtee guar e 4s 1 981 —J&D 42% 33% 51 A&O M&N J&J 5s series W 1942 47 Mtge 4%s 1944 Mtge 4s 1942. 5s series Z 1943.. k Last sale. F&A n Nominal. 36% 36% 36% 36% 36% 36% 29 25 99% 2.50 2.00 % 94% 95 92 93% 116 116% 115% 116% 115 116 117% 119% 115% 119% 117% 99% 118 120 116% 119% 118% 100 99 103% 104% 100 101 101 99% l66~" 1.50 1.00% 1.50% 2.00% 2.00% 2.25% 2.50 2.75 123% 100 124 102 Canadian Pacific— 20-yr coll tr 4%s 1946 J&D J&J 98 2.50 56 M&N 5s series T 1941 ....M&S 5s series U 1941. M&N 58 series V 1942.... ...M&S 5% 104% 2.00 4%s series L 1910-1945.J&D 2%s series O 1939-1947.F&A Canadian Nor deb 6%s '40—J&J Canadian N \V 4%sOct22 1943— 33 33 74, 5s series FF 1947 5s series R 1940 56 J&J M&N 32% 38 37 39% 39% Cambria & Indiana RR— 53 5s series DD 1945 36 Certificates of deposit Cambria & CI'field 5s g Gen M g 4s 1955 1st mtge 5s ser AO 1967...M&S 1st mtge 5s ser II 1955 M&N Boston & Maine RR— 32% 36 5s series K 1940-1944—M&N 98" 12 3 3%s 1947--F&A 4sl950 Buffalo Creek 1st 5s 1941 1st ref 5s 1961 Equipment trusts— 4%s series H 1939 4%s series J 1940-42 83 16 33 101% 3.25 9 75" 2.50% 107% 6% 70 72 7-year guar 2s 1943 4-year guar 2s 1942 17-year guar 3s 1953 65 5s June 1942—. J&J / 6s ext to Jan 15 1947 Boston Term Co 1.50% '63..J&J J&D Boston & Albany 5s Oct 94 F&A 1938 Boston Rev Beach & Lynn— 1st m 4%b Juy 15 1947—J&J15 Guaranteed Boonville St L & Sou 5s '51-F&A 109% 81% Equip trust 3%s Dec. 1 1939-46 Birm Term 1st g 4s 1957 gu.M&S Bluff Point Land & Imp 1st 4s '40 4.00% 4.00% - Birmingham Southern— 95 4.75 Equip trust 2 %s 1939-47 A&O Canada Atl Ry 1st 4s 1955--J&J 104 Canada South 5s 1962 ser A.A&O 86 89% Canadian National Rys— 4%a guar 1957 J&J 101 4%s guar 1951 M&S 4%s guar 1956 F&A 101 4 %s guar 1955 &D 15 40-yr 5s guar 1970 F&A 47% 5s guar July 1 1969— J&J 5s guar Oct 1 1969 A&O 5s guar 1954 F&A 90 16-year guar 3s 1950. J&D 13-year guar 3s 1950 J&D _ 93 4.75 —M&N 5s 1940-1944 3.75% - 103% 26 4.50 1st mtge gu g 4s 1955 Bost & Prov deb 5s July 1 22 21 31 22 J&D A&O 51% Ref & gen 5s ser F 1996--M&S Certificates of deposit 106 (Cont)— J&J Equipment trusts—: 3%s 1939-1944 4%s 1940-1943 Ask Boston & N Y Air Line— 78 76% deposit Mge 3s 1950— 65 22 / This price includes accrued Interest. 62% 64% 21 Certificates of 2% 74 Line Aug Term 1st gu g 6s 1947..A&O 60% 63% 63% 50% Ref & gen 5s ser D 2000--M&S Certificates of deposit 1% 9 % 75 Lou & Nashv 4s Oct 1 Atlantic Coast 106% 100 Atlantic Coast Line RR— 1st cons 4s July 1 1952—M&S Conv deb 4s 1939 op '16—M&N Gen nnifser A 4%s 1964—J&D 60 75 22% 1951—-J&J 1 1954..—M&N Atlantic City 1st 4s 45 21% 21% 1939—F&A Atlanta Terminal 6s 5-year sec notes 4%s 1939-F&A Certificates of deposit. Ref & gen 5s series A 1995. J&D Certificates of deposit Ref & gen 6s ser C 1995--J&D ^ hilt M 5s 1964 M&S Aroostook Nor 5s g 1947 A&O Atchison Topeka & Santa Fe— & Northwestern— 1st mtge g 4s, July 1948--A&O 1st mtge g 5s, July 1948--A&O Certificates of deposit 33 29 107% 106% Bostton & Maine RR 1st mtge gtd g 5s 1941 J&J Augusta Union Sta 4s 1953..J&J Bid Bonds Ask Baltimore & Ohio— 29 1943 ser A...J&D 1st cons 4s 1943 ser B J&D Alabama Tennessee & Northern— 1st cons g 5s 28 Bid Bonds Ask RAILROAD BONDS Adirondack 1st 4 >$8 1942 gu M&S Akron & Barb Belt * 4s 1942-J&D Akron Canton & Youngstown— k Qen & ref 6s 1945 series A.A&O Aberdeen &Asheboro 1st marked "S" and income and defaulted bonds. Coll tr 5s 1954.— J&D 5 f 4%s Dec 15 1944—J&D 15 Coll tr 4%s I960. J&J Conv coll tr 6s 1942 M&S coll tr 4s 1949—J&J Conv coll tr 3%s 1951 F&A 15-yr conv Conv coll trust 3s 1945 Coll trust 2 %s 1941 75% 93% 76% 93 93% 90% 89% 84% 100% 84% 79% A&O —A&O 95 113 2.40 45 106 97 86 100% 85% 80% 82% 95% 113% 2.00% 50 107% 51 68 bailboad bonds NOTICE—All bond prices aire "and interest" except where marked "f" and Income and defaulted bonds Quotations for all securities are a<? near as possible for the closing day of the month preceding the date of issue Bonds Bid 103 104 1st 6s 1940 J&J / Cent Branch Union Pacific-I 18 18 1st 4s 1948 Central of Georgia— 1st M g 5s Nov 1 1946 12 Bonds Ask Oatawlssa RR g 4s 1948--.—A&O Central Arkansas & Eastern— „ . 14 Cons gold 58 1945 Ref & gen 5%s 1959 ser B.A&O Ref & gen 5s 1959 ser O—A&O Equipment trusts— 4%s series P 1940 M&S b 4%s series Q 1939-40—M&N b 4sseries T 1939-1952.—_J&J b Chatt Div gold 4s 1951—J&Dj/ Macon & Nor g 5s 1946—J&J|/ Mid Ga & Atl 1st 5s 1947--J&J 1/ Mobile Dlv g 5s 1946 J&J1/ J&D J&J Oconee Div 1st 6s 1945 Cent New Eng 1st gu 4sl961 Ref g 4s 1934 opt to 1911_. Certificates of deposit 38 Sec 4 Ms 1952 ser A Sec 4 M ser A certifofdep I ^A'/ 8Vs 3% 4m 33 3m 5.00 4.00% 4.00% 5.00. 6.00 5 5.25 % 3% 3% 7 if 30 18 % Pacific— 20 4s 1951.. —J&D Eq tr 4mb 1939-44.— A&O Chicago South Sh & So Bend— Sink fund 3s ser B 1963—J&J "6" Eastern Ry of Minnesota— Nor Div 1st g 48 1948 105% 5% 5% 5% 2% 6 A&O Edmonton Dun vegan & British Columbia Ry 4%s 1944--A&O 5% 2% Elgin Jol & East 5s 1941—M&N 102 107% 107% Elrolra 105 107 97 98 77 M 62 m 84 15V „ i7^ 3.75% 1st ref 4s g guar 1949——F&A 1st g guar 4s Oct 1 1954—A&O P&A M&S 1960 European loan 4s 46 68 % 70 46 46 vs 62 48 Central RU & Banking of Ga— Coll tr 5s ext'd to 1942...M&N 56% 5.25 4.50% 71 J&D M&S 59% 50% 59% 52% A&O 1st M 4s series D 1963 J&J 1st mtge 3 Ms.ser E 1963—J&J Guaranteed 3 Ms 1951—M&S Chicago & Western Indiana— Consol gold guar 4s 1952—J&J 1st & ref M 4 Ms D 1962--M&S Choc & Memph 5s 1949 J&J 105% 108% 108% 105% 109% 105 106% e Haute & Southeast— 4s 1944 51 Consol gold 5s 55 90% 90% 90% 37 40 M&N / 1952 10% 14% 4.00 1st 5s 1946 A&O Chatt Rome & Sou 1st 5s '47 J&J 88 100 125 m 125 % 99 Vs 99m 99% 104% 99 Vs 105m 101 102 J&J J&J'ft 5s series V 1939- 99 % 102 % cons guar g 0.50% 0.75% 1.25% 1.50% 4s 1940—F&A 109 109 117m 109% - 4 k 2.50 94 98 87 91% 99% 110 103 " 66% 67 J&D 83 87 50 52% 69 - 65" 69 Spr & Col Div 4s 1st g '40-M&S 99 White W V Div 1st 4s *40--J&J 88 99% 93% '90 M&N Cleveland & Pittsburgh— 1942—J&J 1942._A&O 1942—A&O Ser C 3 Ms gen gtd 1948—M&N Ser D 3Ms gen gtd 1950--F&A Gen & ref 4Ms 1977 ser A-F&A Gen & ref 4%s 1981 ser B__J&J Cleve Short L 4Mb 1961 A&O 106% 107% 104% 108% 107 12 15 34% 34% 103 113% F&A Colum & Toledo 4s 1955 Concord & Claremont 5s '44_J&J 70 r-i 10 % 9 15 3% 11% 11% 3% 5% 4.00% 8 Monon Coal— f 13H Chic Indianapolis & St Louis— Short Line 1st 4s 1953 A&O Chic June RR 1st 4s 1945.—M&S 103 Chic June Ry & Un Stk Coll tr ref 5s 1940 103 15 66 72 m \ds— A&O A&O Chicago Lake Shore & Eastern— 1st M 4%s 1969 opt 1919-J&D Chic Memp & Gulf 5s 1940.-J&J Chic Milw & Gary 1st 5s '48-A&O 102 103 m 103 nsiH 112% 4 5 40 Chic Milw St Paul & Pac RR 60-yr 5s 1975 series A F&A Conv adj 5s Jan 2000 A&O Chicago Milwaukee & St Paul— Gen g 4s A May 1 1989 J&J Gen g 3%s B May 1 1989.J&J Gen 4mb May '89 series O.J&J Gen 4M« May '89 ser E J&J Gen M 4 %s May *89 Ser F J&J Equip trust 3Ms 1940-'53A&0 Eq4M»'39 '43E&F (yr).J&J Eq 4 Ml '39-'41 G & H (yr) J&J Eq tr 5b '39-'40 ser B (yr)_F&A Chicago it North Western— Gen M 3 Ms g 1987 M&N Oi( Gen M gold 4s 1987 M&N Stmpd non-pay Fed inc tax.. Gen M 6s '87 stpd inc tax.M&N GenM4 %s'87 stpd inc taxM&N GenM4Ms'87 stpd inctaxM&N 15-year 6 Ms Mar 1936 M&S 1st & ref 5s May 2037 J&D 1st & ref 4Ms May 2037.. J&D 1st & ref 4 Ms May 2037 O J&D Conv g 4Ms 1949 ser A...M&N Equipment trusts:— 4Ms series U 1940._*43M&N 4Ms series V 1939-44—F&A 4mb series W 1939-44 M&S 6 4M» series X 1940-45—F&A b M&S Conn River gold 4s 1943 26 7% 2% Deb 4s 1956 guar J&J / 7 Cuba Co extend 3s 1955 J&J / 2 Cuban Nor Kys 1st 5 Ms, '42 J&D 32% Cuba RR 1st g 5s 1952 J&J liv* 7 Ms extended to 1946—... J&D 39 6s extended to 1946----—J&D 34% Imp & equip 5s 1960 M&N 34% Danbury & Norw ref 4s 1955.J&J / 12 103 Dayton Union Ry 1st 4s '49.J&J Del & Bound Br 3Ms 1955--F&A 93 20 % 23 % 23 u 23 V8 4.00 5.25 6.25 5.25 25 ii* 29 m 27 % 3.00% 4.75% 4.75% 4.75% r 11% 10% 4 35 38 t°8* 35% 1st & ref gold 4s 1943 M&N Delaware Lackawanna & Western Equip trust 4s Apr 1 1940-'49— b 59 60 3.50% 1 936 4Mb 1936 con g 48 1st con g —J&J J&J 9% 9% 9% 10% Denver & Rio Grande Western— Aug '55—F&A plan 1978 ser B—A&O Eq tr 4Mb 1940-*42 (yr)—M&N Equipment trust 5s Assented subject to Ref & impt 58 3% 3 5% 4.75 4.75 4 3% 6% 4.00% 4.00% Denver & Salt Lake Ry— 12 12 1st guar 4 Ms 1961 Detroit Toledo & Ironton— 58 60 94 Detroit Term & Tunnel— 12 11% 11M 12m 7% 7m 7% 3% 1 3% 30% 40 20 M&N 100% J&J 95 2.50 4% 54" 35 101 Eq tr 2mb 1940-1947——M&N & Toledo Shore Line— 1st gold guar 4s 1953 J&J Dext & Piscataquis 4 Ms '49—J&J Duluth Missabe & Iron Range— 1st mortgage 3 Ms 1962—A&O 3.35 4.40 3.35 4.40 3.35-/0 3.35% 2.00% 104 60 108% 1st 4s 1958 J&D M&S 70 108% 15 103 East Tenn & Western N C— 1st extended 5s 1965——M&N This price includes accrued interest, k Last sale, n 30 10?% 102% an Nominal. Cen tral 100% 21 x 93% -95% 99 94 gu—J&J 109m 100% 110% 1st g gu 4s % July 1 1950—J&J Eq tr 5s Dec 14 1939 *43 (yr) foi 3.00% Gen 4s 1962 Can Govt Grand Trunk Western— g J&D 5s 1947 o 90^ 60 Great Northern— *41 -J&J Gen M 5%s 1952 ser B Gen M 5s 1973 ser O Gen 4mb 1976 series D J&J 106% 91% J&J Greenbrier Cheat & Elk— 1st 5s 1944 106% 92% 85 J&J Gen 4mb 1977 Beries E J&J Gen mtge 4s ser G 1946..—J&J Gen mtge 4s ser H 1946 ..J&J Gen mtge 3 %s ser 1 1967—J&J Eq tr 2s 1940-1947 M&S b Eqtr4Ms 1939. M&S 6 Eq tr 4Ms 1939-1940 D(yr) J&J Western Fruit Express— Eq tr 4M» 1940. J&D b 77" 77% 80 80 96 84 35% 70% 73 2.15 1.50 1.50% 0.75% 1.00% .75 1.00% 1.25 J&J 85 W Va Midland Ext 5s '54-J&J Greenbr Ry 1st g gu 4s '40.M&N 103 75 Bay & Western— 53 M - Debenture ctfs B Feb Guantanamo & Western— 1st M 6s 1958 series A Gulf Mobile & Northern— 1st 5M8 1950 ser B 1 st 5s 1950 series O / J&J A&O ..A&O Secured notes 3s 1945 J&J Equip tr 2%s 1939-1946—J&D 5 Gull & Ship island RR— 1st ref & term g 5s Feb 5% 43 60 7 47 5 8 74 80 72% 78% 70 2.75 "52.J&J 60 2.25% 80 Stmpd (July 1 1933 cpn on). Gulf Terminal of Mobile— 1st mtge ft 4s 1957 gu J&J 97 62 67 R & Portch—See N Y N H & Ha rtford Harris Porta Mt Joy & Lane RR Ext 4s 1943 J&J 108% Hoboken Ferry 5s 1946 40 M&N 46 Hocking Valley 4mb 1999 J&J Eq tr 5s 1939 (yr) J&J 6 Holidaysburg Bedford & Cumb 1st M g 4s 1951 guar——J&J Holyoke & West 4%s 1951—A&O Housatonic con 5s 1937——M&N / 75 F&A Adj inc up to 5% Feb '57-A&0 / 1st M 4M» 1957 conv F&A Huntington & Broad Top Mt RR & Coal extend 6s 1940 A&O / Extended 5s 1940 ......A&O / 121% 1.25 122% 0.75% 97 15 31% 33 47 13 % 47% 14 49 2 % Illinois Central— gold 4s 1951 —J&J 1st gold 3 Ms 1951 J&J 1st extended g 3mb 1951—A&O 1st g 3s sterling 1951—-.M&S Coll trust gold 4s 1952—-A&O Ref g 4s 1955 opt 1918..M&N Pur hens 1st g 3Ms 1952—J&J 1st J&J 1st gold 5s 1937 East Penn 30 a Superior) 4s 1955 1st 4s Feb 15 '42 Alb gu—M&N 1st gold 6s 1957 opt Duluth South Shore & Atlantic— Dutchess Co RR 4mb 1940 102] Hudson & Manhattan— 1964 Detroit 4.40 4.40 Ctfs of 1st 5s Mar 35 3.50< Harl Inc mtge 6s Jan 1 1960-An Apr 1st 4s 1950 —J&J Des Moines & Fort Dodge— dep for gtd 4sl935-J&J Des Plaines Val 4Ms 1947—M&S Det & Mack 1st lien 4s 1995-J&D 2nd Mort. gold 4s 1995 J&D 11M 47 4.50 101% Guayaquil & Quito 1st 5s '32 J&J2 / 4.00 Denver & Rio Grande— 40 J&J Debenture ctfs A Feb 96 5% rA 25 (Lake Green Delaware & Hudson— Gen income 5s 23 108% — 15 44 .J&J Valley—See Mlchig 1st & ref g 4%s '61 opt 98 7% 104 100 — 113 1st M gu 4s Mar 15 '51 -M&S 15 107% 1st 5s 1951 M&S 115 Consol Rys <N H) deb 4s '54-J&J / 8 Deb 4s 1955 J&J / 7 Deb 4s 1955 A&O / 6 1st V 6% M&N b 3Ms 1941 114" Grays Pt Term 34 Connecticut & Passumpsic Rivers 1st gold 4s 1943.-, A&O 2% 2% 101 (Mountain and Pralrie)4« 1955 Connecting Ry <Phila)— 63 % 1945 s-a 1.50% 104% 104 Ga Sou & Fla 1st g 5s Deb 5s 1952 73 RR— 17% 2 J&J| J&JI A&O1 72% 100% 103 1947 1st Clinchfield 15 J&J J&J Grand Trunk Pacific— 1st M 3s 1962 1977 series C__A&O 10 10% Ga & Ala Term 1st g 5s 1948-J&D 7% Georgia Carolina & Nor— 12* Ext at 6% to July 1 1934 Georgia & Florida RR— lo 1st M 6s 1946 series A M&N/ iH Certificates of deposit / 5 Georgia Fla & Ala 1st 6s '52.F&A / 38 Georgia Midland 1st g 3s '46-A&0 Ga RR & Bkg ref 6s 1951 110 A&O 1st 5s 1960 -J&J Colo & Southern 4mb 1980.M&N Ool & Pt Deposit 4s 1940-— F&A Columb & Hock Val 4s 1948.A&O 85 Genesoe River 6s 1957 Ga & Ala 5s Oct 1945 79% f 4Ms 8 10 100 71 2 Grand River s 43 60 1982 4mb 87 1st 4s gold guar 1995 M&N Cleveland Union Terminals— 17M 20 Vs 4.00% con 44 85" 16M 15% 4.75 1st 86% 82% 103% 93 66 Proof of claim filed 42 108 3.75 41 f Proof of claim filed 1st s f 5Ms 1972 series A—A&O 1st M s f 5s 1973 series B„A&O 105 11 11 3.75 38% 58 7% 6% (s-a)-M&S GIrard Point St'ge 3%s '40—A&O Goshen & Deckert'n 1st 5%s 1978 2nd ext 6s 1979 —M&N Gouvernour & Oswegatchie—• 1st 5s 1942 J&D Grand Rapids & Indiana— 1st 4%s 1941 J&J 106% 14* gold 4s 1950 —J&J ref 4 %s '52 opt- _M&N Eq tr 4 %s 1939 105% 84 cons iis 10% 10% Florida Southern gu 4s 1945-J&J Florida West Sh 5s 1934 J&J / Fonda Johnstown & Gloversv— 4s Jan 1 2.25 20% 75 42 Equip tr 2Mb ser A '40-*52 M&S Equip tr 4%s "A" 1945—A&O Chicago & Illinois Midland Ry 1st mtge s ! 4%s ser A '56 M&S Chicago Indiana & Southern Ry— Con mtge g 4s 1956 guar—J&J Chicago Indianap & Louisville— Ref M g 6s 1947 series A—J&J Ref M g 5s 1947 series B—J&J Ref M g 4s 1947 series O—J&J 1st & gen 5s 1966 series A.M&N 1st & gen 6s May '66 ser B. J&J Equip tr ser E 1939-1944-A&0 17% 13% 13% Certificates of deposit— Fort Dodge Des Moines & Sou— 1st 5a 1938 J&D Fort St Un Dep Det 4mb *41-J&J 108% Coal Riv Ry 1st 4s gu 1945. J&D Coeur d'Alene& Pend Oreille Ry 103 J&J / 64% 95* 42% Florida East Coast 4%s'59-J&D'/ 1st & ref 5s 1974 M&S'/ Certificates of deposit / 2.00% Cleveland Terminal & Valley— 10% J&J Florida Central & Peninsula— 4 1st cons 5s gold 1943— J&J / 1st _ Ser A 4Ms gen gtd Ser B 4mb gen gtd Ser B 3 Ms gen gtd 1.50 50 50 A&O A&O'/ Eq 4Ms '40-'41 LL (s-a)—M&SI& 4.50 Eq tr 4%s 1939-'43 (s-a)„M&S 6 4.50 Erie & Jersey s f 6s 1955 J& jl/ 40% Erie & Pgh g 3 %s B 1940 J&JI 102% 3 %s series O 1940 J&J 102% Amended J&D St L Div 1st col tr g 4s 99% 54 Conv gold 4s 1953 ser A„A&O / Series B 1953 A&O / Series D 1953 A&O / Ref & imp M 5s 1967 M&N>/ 100 1.50% 2.10 Chic Great West 1st 4s 1959-M&S Non-cum inc 5s 1955(w-s).— M&N 1971 1st mtge 3Ms ser E 1969--F&A Ol'field & Mah 1st gtd 5s '43.J&J Cleveland Akron & Columbus— - 91m 4s July 1 1949 J&J Eq tr 2 Ms 1939-47 -A&O Chicago & Eastern 111 <new co)— Gen M 5s May 1951 M&N Certificates of deposit Chicago & Eastern Illinois— 1st consol 6s gold 1934—A&O Chicago & Erie 5s 1st g '82._M&N 1st M 3M« ser D 1st & ref 5s 1965 5s stamped 1965 Erie prior lien g 4s 1996 Gen lien gold 4s. 1996 Gen ref Ref & imp 4mb ser E 1977-J&J CW&MDiv 1st 4s g '91 J&J „ 1st & ref g 5s 1971 ser A__F&A Illinois Dlv 3 %s '49 op *29-J&J Cin Northern RR 1st 4s 1951-J&J Cincinnati Union Terra Co— General 4s gold 1993 Gen M 5s ser B 1993 1.00 1.25 4%s series W 1939-1940 A&O b 2.00 4%s 1940-1945 M&N b 3s 1940-1946 J&D 2.00 2s 1940-1947 -M&S 2.00 Craig Valley 1st 5s g 1940-J&J Paint Creek Br 4s 1945—F&A 107" Potts Creek 4s 1946 J&J 106 R & A Dlv 1st con g 4s '89-J&J 115% 2d con g 4s 1989 _J&J 108% Warm Spr Val 1st 5s g '41-M&S Chesterf & Lancaster 5s 55.F&A / 2 Chicago & Alton RR— 9 Refunding g 3s 1949 A&O Chicago Burlington & Quincy— Gen M 4s 1958 ...M&S 97 1st & ref 4 Ms ser B 1977—F&A 86 . A&O Clev Cine Chic & St Louis— I Equipment trusts— 97 1st 102% 103% 103 m 103 m 103 m 41 100 Eq trust 2MS 1940-52 J&J J&J J&J 1946 65 37 1942 1st 4s 1948 F&A Cinn New Orl & Tex Pacific Ry— 94 105 „ 1943 notes, 1944 notes, 1945 92 Cincinnati Lebanon & Northern 1st consol gtd 4s 1942 M&N Oinn & Muskingum Valley— 31 Chattanooga Sta 4s 1957 gu__J&J Chesapeake & Ohio— General 4%s gold 1992—M&S Ref & imtp 3 %s D 1996. - M&N Ref & .mpt 3 %s ser E 1996 F&A Ref & impt 3Ms ser F 1963 J&D 1%% notes, iy40 J&J 2% % notes, 1941 J&J notes, 1942 J&J J&D General 5s gold 3.00% Williatnsport— 1st 6s 1910 ext at 4% 1950. J&J Eq 4%s 1940-'41 H Cin Ind & West 1st 5s 1965 .M&N 83 Eq tr 5s Dec 14 1939-'44 (yr)— Charleston & Western Carolina— notes, „ Cincinnati Hamilton & Dayton— 1st ref 6s 1939-1976 Central Vermont Ry— __ 109 104 & Ref & impt M 5s 1975 - Choctaw Oklahoma & Gulf— Central RR of South Carolina— b Basis. 75 49 M 89 87% Income 5s 2862 A&O El Paso & R I 1st gu 5s 1951-J&J El Paso & Southwestern RR— 67 Guar . Guar g 5s Coll trust ref 4s 1940 1st 13% Chicago Union Station— 5s 1987-J&J J&J Eq tr 4%s 1939-'41 (yr)—F&A Gen M (now 1st) g Gen M 4s 1987 notes. Div 12% 10% 6% Chic St Paul Minn & Omaha 1st & ref g 5s Dec 1 '60 opt Inc mtge 5s Dec 1 1960 Central of New Jersey— Central Mem conv Chic Ten 28 % M&S 4Mb I960 M&N Trustee ctfs 3 Ms 1947— Chicago St Louis & N O— Con g 5s June 15 '51—J&D 15 Con g 3 Ms June 15 '51-J&D 15 30-yr Ask 5% J&J deposit—.— / A&O Certificates of Bid East Tenn Va & Georgia— Consol 1st g 5s 1956 M&N „ ^ _ - Bonds Ask Bid Ry— General gold 4s 1988 Ghic R I & Pac 89 85% 85% 75 52% 53% 43M 55% 55 46 RAILROAD BONDS JUNE, 1939] NOTICE—All bond prlco. ar. "and Intaraat" except where Quotations for all securities are as near as marked' "f" and Income and defaulted bonds day of the month preceding the date of Issue possible for the closing , Kef mtge 5s 1955 40-year 4Hs Aug 1 Carlo Bridge 4s g 5134 1951-—J&J 1953—J&J 1951—F&A St Louis Div g 3s 1951 J&J Gold 334s 1951 J&J Sp'field Div ext 334« 1951 J&J Western lines g 4s 1951—F&A Equipment trusts— 3s ser R, 1939-1952 M&S 54 9934 70 47 80 8334 77 80 8134 80 90 Litch Dlv 1st g 3s Louisv Dlv 3^8 g Omaha Dlv 1st 3s g 65 - 8434 69% 3.00 b 1.25 2.00 2.50 2.50 2.65 3.00 3.00 2.50% 1.00% 1 .00% 1.50% 1.50% 1.75% 2.00% 2.00% 4934 5034 45 N O RR jt 5s, A, 1963—J&D 4 34s series C, 1963 J&D 47 Indiana Bloomington & Western— 1st ext 4s 1940 A&O Indiana Harbor Belt RR Southern Ry joint Monon July 1914 coupon on July 1914 coupon off 87 110 Assent cash warrant and scrip receipt No 4 on scrip receipt No 5 on RR of Mexico— 10534 Prior lien 434s assent cash warr't & scrip ret No 4 on 67 65 90 let Maine Central- b 4.25 63 834 14 44 36 1938 New Lon Nor 1st 4s 1940 J&J New Orleans Great Northern— General 5s Jan 1 7% Equipment trusts— 434s sor A 1939-1940-_-J&D 43^s series B 1940-1942.A&O Internat Kys (Central America)— Purch money 5s 1972——J&J IK 34 34 3.50 b 3.75 2.00% 2.50% 7834 8034 83 85 97 9734 Kalamazoo & South Haven- 534 2 634 234 Michigan Air Line— 9834 Gulf Ry 1st 5s 1951 ...A&O / Jackson Lansing & Saginaw 3 2 Midi RR 4% franc of N bonds J- J&J J&J Ref & ext 5s ser A 1967-- -J&J 1967---J&J 104 6034 34 Adj 5s series B 1953 Sept. 50 J&D 1959 guar 4734 49 Joliet & Nor Ind See Mich Cent Joplln Union Depot Co— 1st g 434s 1940 guar opt_M&N 1st 58 June 1 1944 J&D Kal & Sou Haven—See Mich Cent Kalamazoo & White Pigeon RR 1st gold 5s 1940 J&J Kanawha Br & Ter 5s 1948.A&0 Kana & Mich 100J4 84 8534 26 29 25 H 70 29 deposit M&S K O Mem & Bir 4s 1934 Income 5s Mar 1934 Kan City Sou—1st g 3s Sept 1 Certificates of deposit 1950 A&O 70 69 34 J&J 1st g 48 1960 opt 1930 2.50 109 34 f f 2.00% 1st M 5s J&J 1978 Kentucky Cent 4s g 1987 J&J Kentucky & Indiana Term RR list gold 434s 1961 —J&J J434» stamped 1961 J&J 434s plain 1961 —J&J 1st mtge 434s unguar 1961.J&J Lake Erie & Western RR—1st mtge 5s ext at 3% to'47 J&J 2d 5s 1941 ——J&J Lake Shore & Mich South Cong ref 3 34s 1997 g Leamington & St Clair 4s *45 J&D A&O Lehigh & Lake Erie 4 34s '57.M&S Lehigh & New England— 1st M gold 5s 1945 J&J Gen mtge 4s ser A 1965.j.A&o Equip tr 4 34s Gl 939-45-iM&N Lehigh Valley Harbor Term Ry— 1st mtge 5s 1954 F&A Lehigh Valley 1st gold 4s 1948 J&D Con M 68 ann irred J&D Con M 4 34s ann irred.—-J&D Gen cons gold 4s 2003 M&N 4s assented 2003 Gen con gol.: 4W» 2003—M&N 434s assented 2003 con gold fis 2003 58 assented 2003 M&N Gen - -. York J&J Valley Ry of New 1st 4 V^s gold 1940— 4 Ha assented 1940Lehigh Vail Twin 5s 1941 Lehigh A&O 55 65 1st 4s Lex & East'n lstgu 56 1965—A&O J&J Madis 1st 5s 1959.M&N fm 1939 Little Miami guar 4s 1962--M&N Little Rock & Hot Spr West Ry— 1st gold 48 1939 jsuar. Long Dock cons 354a 1950—A&O Long Island— Unified g 4s. 1949..—— .M&S Refunding mtge 4s 1949—M&S 4s stamped 1949 M&S Equip tr 4 Ha 1941-45 (yr)_F&A Louisiana & Ark 5s A 1969 J&J Equip trust 3 Ha to 1946. A&O J&J _ A&O f 85 K 70 8634 J&J Jeffersonville Bridge Guaranteed gold 4s 1945--M&S 60 Called Oct. 1 at 102. 734 434 7 8 38 134 68 1st gold 4s 234 New 90 2.25% 41 4434 1st & ref 5s 1977 ser F Certificates of deposit M&S f 1st & ref 5s 1978 ser G-..M&N Certificates of deposit 70 1st & ref 58 1980 ser H A&O Certificates of deposit.. 72 74 F&A 58 61 1st & ref 5s 1981 ser I Certificates of deposit 15 % 1634 Conv g 5 HJs 1949 ser 1534 1534 15 K 1634 1634 16 43 34 40 50 A—M&N 1734 Equip trust 5s 1910(yr)... M&S Eq tr 4 34s\'40-'44 F <yr). -M&N Mo Pac (old)—Gen 4s 1975-M&S 3d ext 4s July 1 1938 M&N 46H Mobile & Birmingham— Prior lien 5s. 1945 17 11* 60 55 5s small 1945 Gen M g 48 1 945 48 small 33 34 40 11634 120 f f f f f f f f f 1st 65 1945---- Gen gold 4s, 1938 Ref & impt 434s 1977 guar 17 3~ 50 2.50% 8534 2.25% 88 84 Vx 3.25 17 106 10854 21 6034 95 1.25 2.50 2.50 80 5734 48 K 7234 59 3.00 3.75 4.00 106 34 10734 85 M&S / M&S / 6034 mtge 434s 1938 Guar g 5s 1946. 12 M&N / 10034 2000.-M&N 37 1946—J&D NY&Har 1st .8 N Y & Hob ay 21 N 4.00 1034 2.75% 37 14 15 Fy Y Lack & Western 1st & ref 4s 53 1st & ref 45 ser A 1973 M&N 434s 1973 ser B.-M&N New York & Long Branch— General gold 4s 1941 ..M&S General 1st 5s 1941 M&S NY & NE Bos Ter 4s 1939--A&O 1334 - Constr'n 4>4s 1955 ser X Secured interest at exchange rate of 4.8665. B.M&N 5 Basis. 78 45 1334 434 1134 Deb 6s Jan 15 '48 conv__J&J16 14 1434 1334 14 Deb 4s May 1 1957 1434 July 1 '55 non-conv J&J Deb 4s 1956 non-conv M&N 14 13 34 M&N Deb 48 11 1034 1034 4s 1947 non-conv M&8 334« March 1947 M&S Deb 3348 1954 non-conv- -A&O Deb 334s 1956 conv J&J 15-year secured 08 1940 A&O 1st & ref 4 34s 1967—-_.J&D Deb 14 Deb 13 34 14 13 H 334 6534 Monongahela Ry Co— 1st mtge 4s ser A 1960—M&N Monongahela Sou 5s 1955 A&O Gen 6s 1955 A&O Montana Wyoming & Southern— 1st mtge gold 5s 1939 M&S Montauk Ext 1st 5s 1945 J&J Montgomery & Erie 1st 5s 1956.. Montour RR 1st 5s 1963 F&A Morris & Essex 3 34s 2000 J&D Constr'n 5s 1955 ser A M&N 2034 N Y New Haven & Hartford— f f 1st guar g 4s 73 Y & Greenwood Lake 1934 2.00% 2.75% 1991 M&S Oonsol gold 334s 2002—M&S Monon Coal—See Chic Ind & Lou 8434 79 74 51 A.-F&A F&A 3X 4 1034 1034 21 1334 4.00 Equip.trusts 3s 1939-1951 M&S 4 34s9-15-39to 3-15-45 M&S 15 434s 1939-1946 .—J&J 3.75 3.75 3.50 5s Har Riv & Pt Ches 4s '54 M&N 70 50 J&J 37 70 N Y & N J Ferry 5s 1946 67 New York Ontario & Western— 53 57" 50 56 85 25 K 2834 4.50 4.50 1634 Ref 1st g 4s June 1992 Gen M g 4s 1955 red 2534 Stock trust ctfs 48 1948 29 3.50% 3.50% 1834 M&8 J&D 334 N Y Pennsylvania & Ohio— Prior lien ext 4 34s. 1950. _M&S / New York Phila & NorfolkN Y Prov & Bos 4s 1942 4934 101 108 3 F&A M&N 35 634 Y Westchester & Bos Ry— 1st M g 4348 1946 guar J&J 234 103% 93 40 85 7 J&J F&A Gen mtge. 5s g 1940 Term 1st g 5s 1943 121 30 35 1st refunding 5s 1937 2d mtge 4 34s 1937 35 105 34 116 6234 46 / 46 77 96 J&D A&O / N Y & Putnam 1st 4s g 1993-A&O N Y Short Line 4s 1957 F&A Mohawk & Malone— 75 9134 6034 5s 1953 series B 23 34 3% 3.00 3.75 M&S / M&S / 14 86 7334 M&N / 3d 1 — b b ..J&J J&J J&J J&J 61 82 34 55 2d ext 5s 1939 70" 234 M&S / Eq tr 4s 1940-1943 M&S b Eq 434s 1940-1942 (yr)—J&J15 b Montgom Div g 5s 1947—F&A f 107 51 RR— 1st M 4 34s 1953 series 234 Secured 5s 1938 65 F&A A&O A&O A&O M&N New York & Erie RR— Mobile & Ohio- 10034 York Connecting 3534 J&D 1990 1st & ref 5a Jan 1965 A——F&A f Certificates of deposit f 2.75 85 5834 ___M&S b 4s 1939-1949 70 2 Mo Pacific RR (new company)— Louisville & * 734 454 Mo Ivan & Tex Ry Co— 55 Louisville Henderson & St Louis— 1st mtge gold 5s 1946 134 134 9H H% 88 K 111 75 A&O F&A 334s 1998.-_F&A 2234 1834 1834 88 Louisiana & North West RR— 1st M gold 5s 1935 634 2 34 RR- Missouri-Kansas-Texas 85 60 1945—M&S 34 1 78 7634 Lincoln Park & Charlotte— Litchf & f b 5s assented 1941 Lehigh & N Y 534 134 • 3.00% 110 1st 4s ext g 1947 IV* 106 f 1946 68 IO834 90 s 73 75 72 % 55 4.00 b Spuyten Duyvil & Pt Morris— 334s 19591 J&D N Y Cent equip trusts— 4 34s Sept 15 1939 M&S b 4 348 1940-1945 M&N 5 234s Mar 15 1940-1952 N Y Chicago & St Louis— 1st 3 348 extend 1947 A&O Ref 534s 1974 ser A A&O Ref 4 34s 1978 ser O M&S 10-yr 6s coll tr 4s 1946 F&A 3-yr 6s ext'd notes 1941 A&O Equ'pment trusts— 2 34s 1940-1947 M&S b 3s 1939-1951 .J&J b 40 9234 10734 A M O coll tr g 10334 95 ser 1734 134 10934 Kansas Oklahoma & Gulf— 1998 25 33 7034 68 30 28 63 f f f 65 Ref & Impt 5s Apr 1 1950—J&J Eq tr 3s F Jan 1 1940 1943 —Kansas City Terminal Ry— 27 F&A 1034 2334 Minneapolis Northfield& Southern Ry 1st 6s '41--M& Minn St P & Sault Ste Marie— . 36 D..F&A f 2234 f f f f f 105 A&O 35 2834 29 26 Minneapolis & St Louis— 1990—A&O Memphis 1st 4s Kan City Ft Scott & Ref g 4s I930£uar Certificates of 99 31 f Ref & ref 4 34s ser A 2013 L S coll tr g 334s 1998 75 41 / / 103 105 29 Ref g 334s July 1 1997. --J&J Deb 4s 1942 tax-exempt--J&J Milwaukee & Northern— >/ / / 70 3134 3134 3 34a conv secured 1952 New York Central & Hud Riv— 27 Frank & Clearfield Jamestown 1st g 4s 104 5634 26 10-year 3Hb sec 13 40 101 Ref & ext 6s ser B 1967 98 5534 68 29 Ref & impt 434s 2013 A Ref & impt 5s 2013 O 2034 6334 100 1st mtge 5s 1939 1st & gen mtge 5s 9934 11 ' 1534 96 25 Cons mtge 4s >/ 74 1434 New York Central RR— 1834 Midland See Michigan Central Jacksonville Terminal— 70 Equip trust 434s Newport & Cincinnati Bridge— 1st M g 4>4s 1945 guar. J&J Newport & Richfor Is 5s 1941 58 & 334 9934 108 f A&O 1st M 434s 1956 series 10034 99 56 12 * 1st 4s 1953.-J&J 1st 5s 1956 series O 70 64 75 f f f Certificates of deposit f 1st M 534s 1954 series A.-A&O f Certificates of deposit 88 1st 3 348 Sept 1 1951—M. Joliet & Northern Indiana— 15 f Non-cum inc 5s *35 ser A-.A&O f 63 Jackson Lansing & Saginaw 24 New Orleans Texas & Mexico— 1st 5s 1954 series B Grand River Valleyb 134 7434 9434 66 29 20 M&N A J&J Extended at 5% 1940 Ref & impt 434s 52 ser «. - New Orl Term Michigan Central— 10 60 21 J&J f 2032 5s deb 40 New Orl & Nor East 6s 1915 34 f f f 10 9 F&A Gainesville Jacksonville 2 9 J&D Central 5s ctfs 1938.-J&D f & ref g 4s 1951 M&S / 1st Income f f f f J&J 50-year 1st 5s 1983 78 10 M&N 1st M 5s 1972 opt 1st 1 & ref 634s 1947 Debenture 4s 1961 11234 20 104 J&J J&J 1st M 5s 1956 ser O Memphis Union Station Co— Mexican International— J&J A.April AdJ M Cs July 1952 ser 1st M 5s 1956 series B Iowa 70 A 1st M g 6s 1952 series 1 receipt No4on 1951 Naugatuck 1st 4s 1954 M&N New Eng cons 4s 1945 gu J&J Consol g 5s July 1 1945 J&J New Haven & Northampton— Ref cons 4s 1956 J&D N J June 1st 4s gu 1986 F&A N J & N Y 1st ext 5s 1950.-M&S 3.50% 3.50% 8834 40 55 M&S 134 34 Assent cash warrant and scrip Manila RR 108 J&J 34 April 1914 coupon 73 4.25 102 J&J gold 4s 1950 Indianapolis & Louisville— 1st guar 4s 1956 Indianapolis Union— Ref & Imp M 3 34« ser B *86 Internat-Great North Ry— f off—1951 f 1951 7334 47 b Equipment trust 5s Equipment trust 534s_ Sou Lines— 134 34 68 Indiana Illinois & Iowa— 1st 134 1 '26 f 4s(Apr 1914 coupon on) 72 f J&J J&J con 45 1st s 99 - 34 1977- f Natlonal Macon Dublin & Savannah- Secured 6s 1959 1 Assent cash warrant and 7934 69 34 % 34 1957. f *14 coup on) f f April 1914 coupon off 1977— Gtd gen s f 4s (Apr —— 74 2.40% 34 34 34 1957... f f 1957 1957— f Jan 1914 coupon on 99 K 7534 8434 - National Rys of Mexico— Prior lien 4348— 88- 107 100 10534 78 434s ser K, 1939F&A b 434« ser L, 1939-1940--A&O 4 ^sser M, 1940-1941—M&N b b 434s ser N, 1939-1941—A&O b 434s ser O, 1939-1942-—J&J b 434£ ser P. 1940-1944--A&O 4s ser Q, 1939-1944 F&A b 111 Cent RR Co & Chic St L & Genl mtge 4s 1957 Gen mtge 434 s 1957--- Louisville & Nashville— 50 46 b 6834 3.00 94 45 9134 8534 & St 99% 57 M&N 1960_F&A 1950—J&D Ask Bid Bonds Nashville Chattanooga Louisville & Nashville— Illinois Central—(Concluded) Collateral trust 4s 1953 M&N • Ask Bid Bonds Ask Bid Bonds 89"" — — « — 103 4234 45" 40 4134 3934 1st & ref g 5s '61 opt *15--F&A Certificates of deposit--- — Norf & South 1st 5s 1941.M&N 40 1st gen g 5s 1954 opt /Price Includes accrued interest, J&J 1134 1834 38 25 106 114 k Last sale, n Nominal. 70 RAILROAD NOTICE—All bond prices BONDS "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 are bid Ask Norf & W Ry 1st con 4s '96-A&0 Norrist'n & Maine 1st 4s '62 MAS Nor Cent 5s 1974 ser A M&S 1222* 1232* Gen & ref g 4Hs ser A "74-M&S Northern Ohio Ry 1st guar 5s— 105 2* Bonds coups 1945-Oct 1938 and subs coupons '45Ctfs of deposit stamped— Apr l 1935 & sub Apr *33 to Oct '34 Apr '33 to Oct '38 cpns cpns 19451945- 95 98 112 50 40 44 Q& J Q&F A_J&J B J&J 48 35 71 Gen lien g 3s Jan 2047 Ref & imp 4Mb 2047 ser Ref & imp 6s 2047 ser Ref & imp 5s 2047 ser C J&J Ref & Imp 5s 2047 ser D,-_ J& J Eq tr 4Mb 1910 (yr)_.-M&815 1939-1949 .__J&J Eq tr 22*8 1940-1947 M&S Eq tr 2 2*8 1939-1946 J&J Nor RR of N J gen Ms 2000-J&J North Pennsylvania RR— Gen g 3 3-10s 1953 J&D N'western Term Co 5s 1948-F&A E q tr 4s N*western Term RR 5s Apr 1977JNorwicb & Worcester 4 Ms '47M&S 43 72 44 46 4s series E 2 Peor 2d 19 J&J 0-1949 . Pere Marquette Ky-^lst g 5s July 1956 ser 1st g 4s 1st 4Mb Equip tr Equip tr 3.90 2.50 2.50 1.00% 3.50% 2.00% 2.00% 10 78 82 30 29 §1" 80 97 M 962* 106 96 962* 84 88 812* 4.50 uH 6 1.25 2.60 2.50 4 105 45 63 53 2* 55 H 3.00 2.50 2.50 Philippine Ry 1st 4s 1937...J&J Piedmont&Northern3 Ms '66 J&O Pitts Bessemer & Lake ErieCons gold 5s 1947 J&J Pitta Cin Chic & St Louis— Con g gu 4Ms ser A 1940-A&O A&O —M&N 48 8eries D 1945 M&N 3Ms series E 1949 4s series F 106 M 75 1st guar 4Ms 1934 J&D 4s series G 1957 M&N F&A 4s series H 1960 4 Ms series I 1963 F&A M&N 4Msserie8 J 1964 Gen M 5s 1970 ser A J&D Gen M 5s 1975 ser B A&O 25 20 Gen M 4Ms 1977 ser O—J&J 6% receivers' ctfs 1927 F&A Pgh & Shawmut 5s 1959 J&D Pitts Shenango & Lake Erie— 1st gold 5s 1940...A&O Cons 1st g 5s July 1 1943—J&J Pgh Term RR & Coal 5s '42.-J&J 12* 12* 312* 162* 4 Ms stamped 1941 62* 72* 6 104 St Jos & Grand Island 4s *47.J&J 1072* St Lawr & Adirond 5s 1996—J&J1 2d gold 6s 1996 80 97 109M f f 112 2* 113 M 120 Cons in 4 Ms 1978 ser A M&S f Certificates of deposit stpd— f 99 2* Equipment trusts— 42*s ser es BB 1940-41. F&A b b 4s series CC 1910-1943.M&N b * 4 Ms series DD 1940-45.A&O b 90 1st g 4s 1989 M&N f 2d g inc 48 Nov 1989 1st term & unlf 5s 1952 0.75 0.75 2.00% 2.00% 2.00% 51M 5 106 M 47 ser A 1990 162* 9 92* 82* 82* 9 8 Stark Elec RR 1st 7s 1952 J&D Mortgage 4s Dec 1 1996--J&D 1st guar 4Mb F&A 1941 1st 4s £ 1940 Berwick RR 5s 1952.. 4.50 4.50 4.50 17 San Fran Term 1st 4s 1950. _A&O 102* 3.00% 3.00% 85 70 5M M&S 1st g 5s 1942 117 51 40 110 South Bound RR 1st 5s 1941 A&O f South & North Alabama— 95M 105M 1052* 105 M 97 M 7M Gen 112M 30" 40" 5s 1963 A&O Southern 111 & Mo Bridge Oo— 1st Mg 4s 1951 .M&N South Indiana 1st g 4s 1951—F&A cons gu g M&N b M&S A&O F&A b 1) b M&N b J&D M&N b b 82 M 1.50 2.00 2.50 2.50 2.50 2.65 2.75 1.00% 1.50% 2.00% 2.00% 2.00% 2.00% 2.25% 101 85 86 M 1956 102 892* 92 63 70 J&J 98 993* 1st gold 48 April 1 1950—A&O Tol Term 1st 4Ms '57 gu—-M&N Tol Walhouding Valley & Ohio— 58 61 M 108M imp M 32*sser A '60 J&D Div 1st 4» 1951 F&A Mary^ M 1st mtge 4s ser B 1967— Toledo St Louis & Western— 107M M&S Toronto Hamilton & Buffalo— 1st gold 4s June 1 1940—J&D Consol M 4M® 1966 ser A. F&A 74 40 100 102M (Jnlon Pacific— ^ 1st ry & land gr 4s « 1947--J&J 1st & ref 4s June 2008- —-M&S 1142* 108M 1st & ref 5s June 2 2008--M&S 111 35-year 3 Ms debs 1971—M&N 92* 11 102* 15 22* 32* 3 3 4 62* 5M 32* 62* 52* 4M 42* 63 65 99 101 122* 17 22* 22* 22* 22* 37 70 34-year 3 2*s debs 912* 72 — 27 ~ •. 30 38 41 45 11 14 115 65 682* 432* 43 1970—A&O Eq tr 25*s ser E 1939-52—J&J Union RR (Penn) 1st 5s '46-M&S 982* 98 2* 2.35 108 M&S Union Terminal Co (Dallas)-— 1st mtge 35*s 1967 F&A United N J RR & Canal Co— 111 1 1979 M&S General gold 4s 1944 M&S 1st 4s Sept 1 1948 1st 4 Ms Feb 1 1973 F&A Gen 1st g'3Ms 1951 M&S Utica Clin & Bing 5s 1939—J&J Vandalia RR 4s 1955 ser A„F&A Series B 1957 M&N 117 109 Deb 6s 1946 100 „ 1st 4Ms Sept 112 117 106 M 98 M 1072* 1072* Vera Cruz & Pacific RR— 1st. gtg g 4Mb - 39 1934 J&J off—J&J July 1914 coupon Cash war & scrip ret No. 6 on Vermont Vail 1st 4 Ms 1940—A&O Vicksburg Bridge Co— 1st s f~4-6s 1968 M&S Vicksburg Bridge & Term Co— 1st M s f 6s 1958 —M&S f Debenture s f 7s 1948 M&S f Vicksburg Shreveport & Pacific Pr lien 6s *15 ext 5% '40—M&N Gen 5s May 1 1941M&N ref & impt 5s 1973 M&N Va & Southwest 5s 2003 J&J M 2* H 65 67 M 67 k Last sale, n Nominal. 682* 21 992* 100M 90 78 55 1st cons g 58 1 958 A&O 54 Virginian Ry 32*s A 1966—M&S 1082* Eq tr 4Ms 1939-1940 (yr)__J&J b 1.50 interest, 86 M 80 4s Transylvania RR 1st 5s 1956. J&J Tulsa Un Dep 1st 4Mh "59. J&J Union Depot (Columbus, Ohio) Gen 4 Ms 1946 —J&J 106 362* 4.25% 3.50% / This price includes accrued 812* 813* 813* J&J 1st 115 — 118M 102 97 1st M g 5Ms 1964 M&S Toledo Canada Southern & Det— 110 Scioto Val & N E 1st 4s 1989M&N A&O A&O F&A A&O 117M Tex Pac-Mo Pac Term RR— 70 Seaboard Air Line Ry Co— 1st gold 4s 1950 J&D 4Mb ser HH 1939-40 4 Ms ser JJ 1940-42 4 Ms ser A1940-43 4s ser B 1910-43. 4MsserC19l0 44 22*sserD 1939-52 20 *48-M&N Schuylkill & Leh 1st 4s 85" Ann Mar 1st g gu 4s 1942 ser C 96 M 1082* 87 80 Toledo Peoria & Western RR— 982* 832* 862* J&J B ser 5s series GG 1939 St 52* 105 F&A Equipment trusts— Ref & 5 50 1082* 105M Toledo & Ohio Central— 88 15" 115 108 A&O Gen & ref 5s 1979 ser C—A&O Gen & ref 5s 1980 ser D J&D 106 32* Santa Fe Prescott & Phoenix— 107 1st M 5Ms 1950 guar 18 9 10 1142* Texas City Term 6s 1941 .J&J '26 Texas & New Orl 5s 1943 Texas & Pacific Ry— 4.00% 4.00% 4.00% San Fran & San 110 89 35 Texarkana & Ft Smith— 583* 1162* J&J Joaquin Val— 5s Oct 1 1940 A&O 4 36 104M 27 J&J 1st guar g 4s 1943 99 Terre Haute & Peor 5s 1942-M&S 9 25 96 M 1002* ..A&O M&S / 1st gold 58 2000 56 M J&J Salt Lake & Ogden 5s 1934San Antonio & Aransas Pass— 14 80 101*33 2d 5s Dec 1 2000 Gen & ref 58 1977 Depot— 1st & re.* 5s 19732 38 Tampa & Gulf Coast g 5s'53-A&0 / Tampa & Northern RR 5s (stamped 3s) 1936 J&J Tampa Union Sta 5s 1940--M&N Tampa Un Term 4-6Ms '53--J&J 92* 8t Paul Minn & Manitoba— Union 15 Susquehanna Bloomsburg & 10 St Paul & Duluth— 1st consol g 4s 1968- 142* J&D 104 Ry 42*s 1943 J&D Stephenville Nor & Sou Texas— 1st M guar g 5s 1940 J&J / 102* Sturgis Goshen & St Louis Ry— 9 92* 8M Salt Lake City Union Depot and RR 1st 5s 1938 M&N 108 5.00 4.50 132* 4.00 St Paul East Gr Tr 4Mb '47--J&J St Paul & Kansas City Short Line 70 100 Staten Isld 63 4Ms series K 1939-1945-J&J b 60 2.50% 2.00% 2.00% 1082* 352* 60?* 54 4.00 St Paul 108 M 35 58 M&S b 5s series J 1940 64 M 57 117 22 65 —J&J Spokane Falls & Nor 6s 1939.J&J Spok Internat 1st g 5s 1955-J&J A&O 1st consol gold 5s 1944 F&A Gen ref s f g 4s '53 opt *10. J&J Equipment trusts— J&J f J&J f J&J f / Stamped / Adj mtge 5s Oct 1 1949 / Ref gold 4s 1959 opt f Certificates of deposit f 1st & cons 6s 1945 ser A M&S f Certificates of deposit--. f 5% secured notes 1931 F&A f •Receiver ctfs 3-32*8 '45 F&A Receivers ctfs 4s 1940 F&A .Ltlanta-Birmingham Div— 1st g 4s May 1 1933 M&S f Seab-All Florida Ry— 68 ser A ctfs of d woslt f 6s ser B ctfs of deposit f Seaboard & Roanoke 5s 1931.J&J f Seacoast RR prior lien 5s '48. A&O Shamokin Sunbury & Lewisb'g— 2d ext'd 5s 1945. J&J Shrev Bdg & Ter 5s '55 gu—-F&A Sioux City & Pac 3 Ms 1936--F&A f Somerset Ry 1st & ref 4s '55--J&J 1st M 4s July 2 1950---—J&J 352* 60 Southwestern— 82 M 3.20% 2.75 J&J 1st extend 3s 1948 89 Certificates of deposit /• St L Peo & N W 5s 1948 J&J } 8t Louis-San Francisco Ry— St Louis 2.75 Term RR Assn (St Louis)— 1st gold 4Mb 1939 85" 60 Prior lien 5s 1950 series B.J&J f Certificates of deposit f 1062* 962* 972* 84 M 2.25 Tavares & Gulf RR A&O Prior Hen 4s 1950 series A- J&J 2.00 48 St Louis City see Pac of Mo 98 71M J&J 36 34 St Louis Iron Mt & Squ— Riv & Gulf Divs 4s 1933-M&N / 87 97 72* 72* ~9~~ 7 103 M 104M 532* 67 M 1st 3s Dec 1 1989 J&D Suffolk & Car con 5s 1952—-J&J Sullivan Co RR 6s 1944 A&O 128 107 1072* 107 M 107 M 1162* 1172* 1052* 1042* 22* 332* 172* 75 72 J& J&J 1941 "22* 10 St Clair Term RR 5s 1950-M&S St Johns & L Cham 5s 1944 M&S 106M 1062* 1st M 4 Ms 1960 ser O A&O Eqtr32*sAprl 1940-1946 Eq tr 22*s 1940-1946 J&D 6 Basis. 43 68 107 M Called Sept. at 100. 4 Ms 1072* 103 1142* Pitts Va & Char gu 4s 1943.M&N Pitts & West Va Ry 4Ms *58AJ&D 1st M 4 Ms 1959 ser B A&O con Aiken Branch 4s 1998 1st Mem Div g 5s 1996 82 M - J&J J&J 1949— stamped 63 M 1st 4s 1995 St Clair Mad & St Louis Belt— Alton Bridge iRt g 4s '51—J&J Pitts Shawmut & Northern— * 48 Rutland 2.00 52 A&O St Louis Div 1st g 4s 1951 J&J Spartanburg Union & Columbia— 104 42 M&S Ry— J&J Rutl Can 1st g gu 4s 1949 1012* 113 1052* 97" 102 Rio Gr West 1st 4s 1939 J&J 1st coll tr 4s 1949 opt---.A&O Rock Island Ark & Louisiana— Rock Island-Frisco Term 1st. M 4Mb 1957 52*8 1949 Stamped (Fed tax) 1955.J&J Railway— 1st consul g 5s 1994 J&J Develop & gen M g 4s *56-A&O Develop & gen 6s 1956 A&O Develop & gen 6 Ms 1956. _A&O Equipment trusts— 4Msseries Z 1939 A&O 42*s series AA 1939-41 _A&0 4s series BB 1940-1943-M&S 4 Ms series CC 1939-44.-J&D 103M 107 1st Southern Pacific RR Co.— 1st ref g 4s 1955 opt 1910.-J&J 73 „ 104M 1172* Ferries) 100 Rich-Washington 4s 1943— i J&D Kio Gr June 1st gu 5s 1939-.J&D Rio Gr So 1st g 4s 1940 J&J 1st g 4s guar 1940 J&J 2.50 2.50 103M 95 1.50 2.00 2.50 104 103 432* 43 2* 542* J&J 4 Ms series M 19 KH945M&N 1.75% 102M Delaware River Terminal 1st 5s 1941. M&N Rensselaer & Sara 6s 1941 —M&N Rich Fredericksburg & Potomac— M&N M&N Southern 2.40 Richmond Term 1st 5s 1952 _J&J F&A 1953 722* 43 2* 2 2*s series N 1939-1951 M&N Pacific Fruit Express— Eq 5s 1939-1941 D (yr)_A&0 Southern Pacific (Golden Gate 70 Eq 4 Ms 1940 '45 (s-a) M&N Philadelphia & Reading RR— Imp M ext g 4s 1947 A&O Extended 42*s Oct 1 1943-— Term 5s g gu May 1 '41 Q&F 6 104 94 60 102 Phila Newton & N Y 3s 1942 A&O 93 M Phila & Reading RR—See "Read! ngCo." 4Ms series B 1942 4 Ms series C 1942 1951 opt'06--A&O Gen & ref 4 Ms 1997 ser A..J&J Gen & ref 4 Ms 1997 ser B-J&J 1st g 1092* 58 Jer Cent 4s Cons mtge 42*8 1940 A&O Rich & Mecklenb'g 4s 1948-M&N Rich & Petersburg 4 2*s 1940 A&O Phila Bait & Washington— M&N 52" 12M 48 6 6 87 99 M 49 Raleigh & S'port Ry 5s '65—J&D / 1002* Reading Belt 1st 4s 1950—-M&S Reading Company— Gen & ref 5s 1.00 Phi la & Bait Cent 4s 1951.. M&N 1st gold 4s 1943 76" 72 442* 452* M&S Equipment trusts— 4Ms series H 1939-1940-J&D 4Ms series J 1939-1942. _J&J 4 !*s series L 19,0-1944-J&D "32* 40 10 Certificates of deposit 108M 1112* 1112* 118M 98 M Equip trust 2Mb 1939-4P J&J Perkiomen RR ext 3 2*s 1951-J&J Gen 4s April 1 1960 A&O Gen 5s 1974 series B F&A Gen M 4 Ms 1977 ser O— J&J Gen 4U» sarin* O 1Q81 .J&D Phila & Chester Val 4s 1948.A&0 12* Prov Sec deb 4s 1957 gu M&N Prov Ter 1st g 4s gu 1956—-M&S Prov & Wore 1st 4s 1947 A&O Pacific ext A..J&J July 1956 ser B_. J&J 1980 R«r C. M&S 4Ms 1910-45—.-M&N 2 Ms 1940-47 M&N 100M 74 70 102 Raleigh & Augusta Air Line— 2.50 Peoria & Pekln Union Ry— 1st g 52*s 1974 series A F&A Peoria Ry Ter 4s 1937 gu op. J&J 5s 1961 J&J Portland & Rumford Falls— 5s 1951 M&N Potomac Val 1st gu 5s g 1941. J&J Bid 40-year 4 Ms 1968 50-year 4 Ms 1981 4Ms 1969 with warr 10-yr secured 3 2*8 1946 92* 99 M 1st 5s 1931 J&J f Ral & Gaston 1st 5s g 1947—J&J f 1.50 49 M Apr 1 / 94 89 56M Ms series G 1939-1950-J&D inc 4s 1990 98 M 106 48 47 2 Ms series H 1940-1952 M&N & East cons 4s 1940-.A&O cons Bonds Southern Pacific Oo— Coll tr 4s (CP) Aug 1 '49..J&D 1st 4 2*s (Ore Lines) 1977-M&S 105 56 Penn Ohio & Detroit RR— Pennsylvania RR— Con M 4s gold 1943 M&N Con M 4s gold 1948 M&"N 4s stamped 1948 M&N Con M 4Mb gold 1960 F&A Gen g 4Ms 1965 J&D Gen g 5s Dec 1 1968 J&D Gen M 4 2*s 1981 ser D—A&O Gen M 4 2*s ser E 1984--J&J Deb 4 Ms 1970 A&O Gen M 3 2*sser C 1970 A&O Oonv deb 3 Ms 1952 A&O 30-yr secured 4s 1940-1964.J&J Equipment trusts— 4 Ms series C1939 A&O 4Ms series D 1940-1941 M&N Ask 110 462* 462* Ogdensburg & Lake Champlain— 6 1st guar g 4s 1948 J&J 7 4s stamped 1948 J&J Ohio Connecting 4s 1943 105 M&S Ohio & Little Kanawha5s '5CM&8 27 Old Colony RR 4s 1938 4M .J&J 1st M 5Ms 1944 4M F&A 1st M 5s 1945serie8 B J&D 4M 1st M 4 Ms 1950 series C 4M J&J 110 Ore RR & Navcons 4s 1946-J&D Ore Short Line 1st 5s 1946--J&J 117M 1st cons guar 5s 1946 118 J&J Oregon-Wash RR & Nay— 1st & ref g gu 4s '61 opt-.J&J 1062* Pac Fruit Express—See Sou Pac— Pac of Mo 1st ex g 4s 1938—F& A f 70 2d ext 5s gold 1938 J&J / 64 Cardelet Br 1st 4Ms 1938.A&0 f 68 8t Louis City real est 5s '38 J&J f 68 101 2* Paducah & 111 1st 4 Ms 1955.J&J Paris-Orleans extl 5 Ms 1968 M&S *1002B32 6% franc bonds (foreign series) 23 red to 1956--. J&D. f 10 Paterson Extension 5s 1950.J&D/ Paulista Ry 1st 7s *42serAM&S15/ 45 Pennsylvania Company— 102 M 28-year secured 4s 1963.--F& A Gu tr ctfs g 48 1952 1032* M&N Gu tr ctfs g 3 Ms 1941 103 F&A Gu tr ctfs g 3 Ms 1942 103 J&D Gu tr ctfs g 3M8 1944 103 M J&D Pa & N Y Canal con 5s 193ft A&O 70 Cons mtge 4 Ms 1939 72 A&O Cons mtge 4s 1939 76 A&O 1st & ref 4 Ms 1977 ser A-.A&O 1st & ref 4 Ms series B 1981 Young & Ashtabula— 1st gen 4s series A 1948 J&D 1st M 5s 1962 series B——F&A 1st gen 58 1974 series O J&D 1st 4 Ms series D 1977 J&D Port Reading lstgu 5s 1941—J&J Portl (Me) Term gu 4s 1961-J&J Guar Northern Pacific— Prior lien g 4s Jan 1997 Bid Bonds Pitts 83" 60 _ „ _ 1.00% 71 BONDS RAILROAD June, 1939] m"ntb'yr3lpBnt1,eddl"of'l^" NOTOnn^ln", ror"dl Bid Bonds and Stocks Ask Catawissa RR—1st Wabash Railroad Co— —M&N / f / / Det & Chic ext 1st g 5s '41.J&J / Des M Dlv 1st g 4s 1939—J&J / Toledo & Chic 4s g 1941—M&S f 1st gold 5s 1939 2d gold 5s 1939 F&A Deb mtge 6s series B 1939. J&J 1st lien term gold 4s 1954. J&J Omaha Div. 1st 3 %s g '41. A&O Wabash Railway Co— Ref & gen 5%s 1975 A_._M&S / / f f / Ref & gen 4 %s 1978 ser 0_A&0 f Certificates of deposit / Ref & gen 5s 1980 ser D A&O / Certificates of deposit / Warren 1st ref g 3%s 2000 F&A Washington Central Ry— 1st 4s Mar 1 1948—Q-Mar Washington Co Ry 1st g guar 3%s Jan 1954 opt 1924.. ..J&J Washington & Franklin Ry— 1st extend 4Ms 1954 J&J Wash Term Co—3mb 1945.-F&A 1st gold 4s 1945 guar F&A Washington & Vandemere— 1st 4Mb 1947 F&A West Shore 1st 4s 2361 J&J 11 6M 11 6% 9% 12m 7m 100 Illinois common.100 4% preferred -.100 Chicago Ind'poiis & Louisville 100 4% non-cum preferred 100 Chic Milw St Paul & Pacific— 6m 6 6m 25 40 39 82 M 1.75 2.25 106 % __ 15 14 4.50 -100 Cin Union Term 5% pref——100 Clearfield & Mahoning (gu)—.50 Cleve Cine Chicago & St Louis Common (guar) 100 5% non-cum pref (gu). ——100 Cleve & Pitts (gu Pa BR) 7%-50 Preferred 52" 83 89 1.00% 1.75% — 107 4% 1st non-cum 4% 2d non-cum 17 -50 Special guar 4% Colorado & Southern ---100 preferred-.100 preferred -.100 -50 15m Concord & Portsmouth (gu)—100 3.75% Conn & Passumpsic pref (gu).lOO Columbus & Xenia (guar) Consol Rys of Cuba 6% pref.100 Cuba RR 6% non-cum pref—100 105% 112M Dayton & 102 Delaware & Mich Preferred com 50 -50 (guar) (guar) Bound Br (guar).100 Delaware & Hudson Co 100 Delaware Lack & Western—- 50 Delaware (guar Penn) ---25 Denv & Rio Gr West 6% pref.100 2% 20 25 Detroit Hillsdale and 105 100 100 5% non-cum preferred 100 Detroit Manufacturers (guar) 100 Dover & Rockaway (guar)—100 Southwestern (guar) Detroit & Mackinac Ry 70 1930—M&N / Certificates of deposit Marshfield & S'eastern dlv — 9% 9 >8 12M 93 Wilmington & Nor 4Mb '77..J&D 101 Wilmington Ry Bdge 5s '43.A&0 Winston-Salem Southbound— 110% 1st gold guar 4s i960 J&J 111 Winston Salem Term 5s *66.A&O Wisconsin Central Ry— 7% 1st gen g 4s 1949 J&J / 6% Certificates of deposit / 2 1st & ref 4s 1959 ..A&O / / 76 6% non-cum preferred East Mahanoy (guar)— East Pennsylvania (guar) 100 50 50 Elmira & W'msport (guar)— oO Preferred (guar) 50 Erie 8 1930—J&J/ 7 100 . preferred--100 2d preferred.. 100 4% non-cum 85 - 50 Preferred 100 Albany & Susquehanna (gu) —100 Albany & Vermont (guar) 100 Alleghany Corp common * 5M% prof (with $30 warr)_l00 5%% pref (with $40 warr)_100 5%% pref (without warr)__100 2M % prior conv pref * Allegheny & West (6% guar) .100 Atchison & Eastern Bridge—100 Atchison Topeka & Santa Fe.lOO 5% non-cum pref 100 Atlanta Birm & Coast pf (gu)-100 83 70 122% 375" 300 71 67 113% 105% 31 126 134 65 70 75% 78 46 3% 5% 4m Georgia Sou & Fla 1st preferred 2d preferred 73 common—100 100 100 86 74 127 86 143 17m 5% 17 K 44 45 m 72 8% 7% 40 55 30 % 7 63 66 51 69 1m IK 3 3 K 1m 55 58" 54 60 152" 148 7* 40 30% 63% 64% 66 70 19% 19 20% 19% 25 35 (gu)-100 10 UK 15 100 50 Belgian Nat Rys Co— American shares partlc pref— Boston & Alb (guar N Y O)-.100 Boston & Maine common 100 Unstamped— 1st pref 5% class A 1st pref 8% class B 1st pref 7 % class C 1st prof 10% class D 1st pref 4M % class E 6% non-cum preferred 7% prior preferred Stamped— 100 100 100 100 100 100 pref 5% class A__ 8% class B 7 % class O 1st pref 10% class D 1st pref 4 M %' class E 1st 1st pref 1st pref Holding pref Camden & Burl Co (guar) Canada Southern (guar) Canadian Pacific Caro Clinchfield & O 24 65 70 27 * No par value, Ex-dividend. 50 50 Preferred (guar) 100 Little Miami ••riginal guar— 50 Spec gp <r betterment stk. 50 Lit Scbuvl Nav RR & GoaKgu) 50 75 74% Preferred (guar) Louis & Mo Riv pref 1 % 100 100 100 100 1% 1% 1% 2% 1% Louisville & Nashville..._ 2% Lykens Valley RR & Coal (gu)_20 Mahoning Coal rr 50 Pref mm (guar N Y Central)—.50 4" 8% 2 K 1% 2 2% 2% 1 7K 8 17 K 19 40 42 160 4 K 'Ik 10 99 103 47 49 34 38 9% 12 44% 45 m 16% 15 400 350 50 "7" 15 865"" % "5" 2 34 37 33 m 35 * 100 5M com 100 preferred 100 m 1% 7% preferred series A Missouri Pacific 5% m 1% IK 25 100 26 30 47 48% 4% 80% 4% non-cum pref (guar)—100 Mobile & Ohio—See Southern Ry 1 2m IK 5K K IK Mobile & Birmingham— 25 4% 79% •» - conv Montgomery & Erie (guar) t Quotations represent dollars per $100 face amount, 10 50 b Basis. 44 2 32 60 2% 71 66 30 "i% 95 105 36 40 20 30 45 35 2 35" 30 18% 48 5 33 m , 1% 102 100 3 2 10 11% 19 21 27% 26 15 20 116 119 260 285 . 38% 42 43 82 lio" 100 150 171 54 51 10% 9 140 150 42 46 16% 18 58 62 12 K 21K 13% 23% 18 19 66% 74 * 100 7 50 182" 15 25 35 IK T% 47 43 14 17 36 40 136 67 1" IK 3K 85 ■ 33 K IK 50 9 90 36 % 1% 60 50 1% 2% 17 22% 100 13 K 13% 100 5% non-cum preferred 100 Mob & Ohio stk tr ctfs (gu)-100 Southwestern of Ga (guar) 100 Stony Brook (guar)— 100 Sussex (guar DL&W) 50 Syracuse Bing & N Y (gu) 100 15% 22% 15% 22% 30 37% 30 33 Tennessee Central 60 70 8 10 130 140 * 6 100 70 80 100 Troy & Bennington (guar) 100 Troy & Gr'bush (gu N VO).. 50 Tunnel RR of St Louis (guar) .100 14 15% 70 80 4% 35 650 16 preferred Southern Pacific Co Union Pacific 80 25 65 100 non-cum Preferred Texas & Pacific Ry 80 50 "2" Seaboard Air Line common 35 Mill Creek & Minohill Nav (gu)25 Mine Hill & Schuyl Hav(gu)—50 Mo-Kan-Texas RR com preferred 100 Saratoga & Schenectady (gu)-100 Schuylkill Valley Nav & RR(gu)50 non-cum 25 5K 13K Minneapolis St P & S S M— 4% leased line ctfs.. 100 Mississippi Central 100 100 5% Southern Ry common 100 50 Massawippi Valley (guar) Michigan Central (guar) Midland Valley common 100 100 100 100 100 100 59" 100 5% preferred (guar) (guar) Bridge 1st pref (gu) 2d preferred (guar) St Louis-San Francisco Ry 6% non-cum preferred Preferred 59 % 98 100 100 M aine Central — 2% — Preferred 100 —100 2 1% 1% 1% 100 (guar) ...100 — Common 55 6 Lexington Union Station— 1 % 100 (guar).. 100 (gu)—100 14 % 111 Cent stk ctf 1952—1000 Reading Co 50 4% non-cum 1st pref.; 50 4 % non-cum 2d pref 50 Renssqlaer & Saratoga (guar) .100 Rich Fred & Potomac— Dividend obligations 100 6% guaranteed... 100 7% guaranteed 100 Roch & Genesee Val RR (gu).100 Rome & Clinton (guar) 100 Rutland 7% preferred 100 Rutland & Whitehall (guar)..100 St Joseph South Bend & Sou— Shamokin Vail & Pottsv (gu) Sharon (guar Erie) 5M' 59 K 9% 55 1 Railroad Securities Co— 4-2% Co com ... Morris & Essex (guar) x A ..100 100 Louisville Henderson & St Louis— 72% 73 1% 1% 3% 7% 6% non-cum pref stamped.. 100 Boston & Providence (guar)..100 Boston RR 13 21 m 45 m Valley .... 2 12 K Southern —100 4% non-cum preferred —100 Lackawanna RR of N J (gu)—100 Lake Superior & Ishpeming—.100 64,, .100 Common K C St L & Chic—Pref 5% 7% 50 3 K 15 m 87 36% St Louis Southwestern. §?* 42 79 85 9 Piedmont & Northern Pgh Bess & Lake Erie (guar) 50 Preferred (guar) 50 Pitts Cin Chic & St Louis (gu) .100 Pitts Ft W & Chic com (gu) 100 7% pref (guar Pa RR) 100 Pittsburgh & Lake Erie 50 Pittsburgh & West Virginia 100 Pitts Youngstown & Ashtabula— Preferred (guar) 100 Pittsfield & No Adams (guar) .100 Portland & Ogdensburg (guar) 100 Prov & Worcester (guar) 100 St Louis 20 m 44 Kansas City Preferred 5% 6 % 22% Am) Marquette Ry com 100 5% preferred 100 5% prior preferred 100 Peterborough (guar) 100 Phila Germ & Norris (guar) 50 Phila & Trenton (gu Pa RR)_100 ■ 22 100 Central .* 5% preferred 100 Joliet & Chicago(guar) 100 Kal Allegan .v Gr Rap (gu)—100 Lehigh 11 * —* 100 100 —100 Internat Rys (Cent 30% 3 (guar)—10 Stk tr ctfs—See RR Securs 19 100 50 A* 5 Non-cum 6% pref series Leased lines (guar) 11% 118 4% non-cum pref Bangor & Aroostook com 5% conv preferred Beech Creek (guar N Y C) M 36 48 Hartford & Conn Western—100 Illinois 54 16 Bait & Cumberland 7% gu 50 Baltimore & Ohio common—100 1K 4 6% preferred 'A 114 Avon Gen & Mt Morris 5% IK 4m 66 155 76 Pere 84 32 187% 115 4% 138 45 184% 111 % 145 2 39 37 8 100 100 Adjust 4% non-cum pref 100 No Carolina (guar Sou RR) 100 North Pennsylvania (guar) 50 Northern Cent (gnar Pa RR). 50 Northern Pacific Ry ...100 Northern RR of N H (guar).. 100 Northern RRof N J (guar) 100 Norwich & Worcester pf (gu)_100 Ogden Mine RR (gu On N J)_100 Old Colony (gu N\NH&H)_. 100 Ontario & Quebec (guar) 100 Oswego & Syrac (gu D L & W) 50 Passaic & Delaware (guar) 50 Passaic & Del Exten (guar)..100 Paterson & Hudson River (gu)_50 Paterson & Ramapo (guar) 50 Pemigewasset Valley (guar) 100 IK 73 % 54% K 2K % 2% 18 K 69 36 23% 116 53 l66 50 37" 1% 3% 2% 15 114 115 100 l6o preferred 2 15% 15% 14K 23% Pennroad Corp com 1 Peoria & Bureau Val (guar)..100 Peoria & Eastern 100 32 2 Green Bay & Western Greene (guar D L & W) Gulf Mobile & Northern com.100 conv Pennsylvania RR 101 2m Iron Ore Prop trust ctfs Preferred (capital stock 100 Atlantic Coast L Co of Gonn__50 Atlantic Coast L RR com 100 Augusta & Savannah (guar)..100 Atlanta & West Point 4% 6% 4% 93 (guar)—100 Atlan & Char Air L 106% 28 85 35 8% 6% 6% 10% - 66 15m com N Y Ontario & Western Norfolk Southern Norfolk & Western Ry 50 35 (gu) 10% non-cum pref (gu) N Y Lack & West (guar) 7% 64 50 50 European & North Am (guar) 100 Fort St Union Depot (guar).. 100 Ft Wayne & Jack pref (guar) .100 Genesee & Wyoming 100 Georgia RR & Bank Co (gu)_100 N Y & Harlem 80" J 1 * N Y New Haven & Hartf Great Northern Ry— Alabama & Vicksburg (gu) ---- 45 9 71 100 50 50 100 - 21% 75 100 6% preferred series A ~ Erie & Pitts (guar Pa RR)— Goshen & Decker town 50 N Y Chic & St Louis com - Erie & Kalamazoo (guar) % 5M STOCKS Al Great Southern com % New York Central RR 2% - 42 21% 20 lOO New Orl Texas & Mexico % 1% % 1 72 44 39 (gu)._100 % 2% % 2 67 42 25 25 New Orleans Great Nortbern.100 48 45 35 Nashv Chatt & St Louis 100 Newark & Bloomfield (guar)..50 New London Northern 5 4% 14 M 60 3 5 30 common 4% non-cum 1st „ J&J/ 33% 89% Duluth South Shore & Atl— 97 4s 1951 M&N Worcester & Conn Eastern Ry— 21 100 100 7% preforred 6% preferred CInn Inter-Terminal— Preferred (guar)..—- — — -100 Cin New Orl & Texas Pacific..100 New common wi -20 85 *58._A&0 20% 33% 89% Ask 35 . Nashville & Decatur— Original (guar L& N) Unstamped (guar L& N). 5% non-cum preferred 100 Chicago & North Western 100 7% non-cum preferred 100 Chic R I & Pacific common...100 103 86 5% Common 50 J&D / 1st gold 4Mb 1943 Yosemlta Vails f g 5s (guar) 6% preferred100 Chicago Great Western com. .100 Eastern— Sup & Dul Div 4s Hill Chic & East 6m 6M 47% Willamette Val Southern Ry6s 1939 F&A Wilm & Newbern 4s 1947—F&A RAILROAD Chestnut 60 M&S 5s 1942 100 —50 Preferred series A 18" 109% Wheeling & Lake Erie RR— Ref mtge. 4s ser D 1966—M&S 1st consol gold 4s 1949 M&S Wheeling Term 4s 1940 F&A White & Black River Valley— 1st 5s 1980 J&J Wichita Falls & Southern— 1st 58 extended 1948 J&J Wichita Union Terminal Ry— 1st g gu 4 %s 1941 opt M&N 1st guar g 41 42 20 15" Chesapeake & Ohio common—25 108 Equipment trust 5s & 25" 13 21 Morris & Essex Exten (guar) .100 Mt Carbon & Pt Carbon (gu)—50 Nashua & Lowell (guar) 100 4% Jersey 100 Chattahoochee & Gulf (guar) .100 Chesapeake Corp -* 50 36 Eq tr 4Mb E 1939-1941 —.J&D Eq tr 2 Ms 1939-1946—J&D West N Y & Penna 4sl943.A&0 Western Ry of Ala 4 Ms 17 pref (guar).50 2d preferred (quar)_ —— ——50 Cayuga & Susq (gu D L & W)_30 Central of New 100 Western Maryland 4s 1952.A&0 1st & ref 5 Ms 1977 ser A—J&J Wllkes-Barre 18 67 West Virginia & Pittsburgh— 1st g s f 4s 1990 A&O West Fruit Exp—See Gr Nor 1st M 5s 1946 series A Assented 5s 1946 43% 17 Chicago Burl & Quincy. Certificates of deposit Ref & gen 5s 1976 ser B—F&A Certificates of deposit Western Pacific RR Corp— 39% Stocks 42 Bia Bid Par Ask 39 39 Par Stocks 100 common 8 35 136 97 98% 100 85 86 United N J RR & Canal (gu)_100 Utica Chen & Susq Val (gu)_100 Utica Clinton & Bingham (gu)100 239 242 non-cum preferred Preferred (guar) 100 Valley RR (N Y) (guar) 100 Vermont & Mass (guar) 100 Vicksb Shrevep & Pac (guar) .100 5% non-cum pref (guar) 100 Virginian Ry common 100 6% cum preferred 100 Wabash Ry 100 5% non-cum preferred A 100 5% non-cum conv pref B..100 Ware River (guar) 100 Warren N J (guar D L & W) 60 West Jersey & Seashore (gu) 50 Western Maryland Ry com 100 1st preferred 100 4% non-cum 2d pref 100 Western Pacific RR Corp 106 0% non-cum preferred 100 Wheeling & Lake Erie Ry 100 4% prior lien 100 52 54 13 18 40 50 57 62 72 75 80 80 144 116% 1 IK 1 119% IK IK .1 % 50 55 25 28 51% 2K 52% 2% 38 42 4k 6% 1% 50' 60 50 60 IOO 76 110 Wilton (guar Boston & Me)..100 26 31 5% % cum preferred / This price includes accrued interest, k Last sale. n Nominal. ) bond NOTICE—All prices are "and interest" except Quotations for all securities are as near Stocks and Bonds Bid Par Ask Per Administered Fund 2d lnc Sec conv 3.19 100 M 101 J&J 101M 98 X IX 14 M X 1949—J&J * Investors lnc —* Warrants — Aldred Invest Trust (Mass)— Deb 4Mb with com shs 1967— S3 convertible preferred 5% 2.97 IX X 16 X 64 x * - $5.50 prior pref * __25 div ser w w Amer Elec Sec partic pref American European 8ecur_s f 5s 1958 ser 30 32 IX IX 5X 30X IX 103 M&N 10c 1 $2 preferred $2M preferred S3 preferred Amer General Equities Ins ♦Amerex Holding Corp Amer Insuranstocks Corp Amer Investment (111) $2 preferred 25 - 4 28Vs 33 X 40c 1 25c ;_■* * 4X o 35 * 1 6X 96 X 104X 29.40 X 4.76 5.18 * X 16X IX 17 X $6 conv pref ww * German Credit & Investment— Pref allot ctf 25% 1st pref..* 73 74 13 16 Gleneagles Invest 5s June 15 1944 $6 preferred Gen Shareholdings Corp com 1 Corp 4 Ms 1959 Group Securities, Inc.— Agricultural Shares 5X 90 X Mar. 10 4s 1951 6% preferred 5X% preferred 5M IX X 37X Ridge Corp common S3 conv preferred 1 100 Boston Fund lnc Boston Personal Prop Trust British Type Investors ~2~M 40 14.54 1 Broad St. Invest Co Inc.. Bullock Fund Ltd Canadian lnternat Inv Trust— 15.63 13 * 13 X 28c 6 13c 23.79 25.44 1 12M 13X Cs series A 1959 A&O Canadian Invest. Fund. Ltd 1 Canadian Pow & Pap Invest Ltd— Deb Ssseries A 1958 F&A 94 96 3.80 4.15 74 5X 38X 40 74 78 1 pref series A Carey Trust Cent-Illinois Securities Corp 10 cum 2.43 7M 102M Old Colony Invest Trust Debenture 4 Ms Feb 1 * X 4X 1 SI.50 conv preferred * Cent Invest Corp 5-6s '57-.A&O ♦Central Nat Corp class A _* __ X 23 ♦Class B 26 Central States Elec Corp 7% preferred 1 X 100 100 Conv preferred Conv pref series of 1929 8X conv 4 100 3 X 4Vs 3X 3X ..* 23.52 25.29 9.71 10.50 100 6% cum preferred Century Shares-Trust-Chemical Fund 3X 1 * _ Convertible preferred.— Christiana Securities com Preferred IX 100 100 lOO City Investing Co IX 33 X 2.225 136 52 Preferred 100 Cleve Securities 4-6s to 1943.J&J Commercial Credit common 10 pref class A 10 _* 99 ¥948.A&O 108 preferred.. 6.52 4.84 3.97 5.27 5.74 5.12 5.681 Reliance lnternat Corp 15c .A&O 105 J&D J101.6 Commercial Invest Trust .50 X $4.25 conv preferred * 107X Commonwealth Investment 1 3.22 Commonwealth Secure common. 1 40c Preferred 15 Consolidated Invest Trust com. 1 24 Continental Secur Corp— "X "X 3X X 4X % 39 15c 35c 3% 95 X 15.78 1.19 1.30 1.42 40c 5X IX 5X 2 47 X 25 9.92 ♦8% preferred 25*' 21 4 3.50 50c preferred 10.58 Super Corp of Amer class A 3.56 3.83 4.32 X X Class C_— Class D 3 3 22X 22% 6.90 7.62 4% 5.39 21.55 10 Corp Invest com 100 * Investors 10.45 13 Third National 11.42 13 X 93 97 18 20 5.58 * Nat Trust Shares Remodifled Nation Wide Securities Co 1 25c 1 11.85 Voting shares Fund 5.94 1st IX 6X 6M 1.34 12.77 * common preferred 1 1.21 - New England Stocks, Inc.— Agricultural 7.33 7.94 6.10 Automobile 4.65 5.05 1.16 1.26 Aviation 9.22 9.97 Bank stocks._ 8.33 9.01 Building supplies Electrical equipment 6.75 7.31 6.59 7.14 Insurance 9.31 10.07 22 Dominion-Scottish Invests Ltd / 99 40 Howard Management * Economic Inv Tr Ltd 5sA'57M&N Quotations not furnished by 17.23 101 5s * * 1953 J&J Trusteed Amer Bank Shares B 25c Trusteed Industry Shares....25c Trustee N Y Bank Shares 50c conv deb ser C 9.61 10.45 26 X 26X 2X 73 M 105M 106$ 55c 61c 83c 89c 1.22 ..1 18.51 4.96 * 2 M&S 96 United N Y Bank Shares C3—-* U S Elec Light & Pow tr ctf A 1 Conv deb 5s common 1946 . _ 15 X 2.30 95c Trust ctfs series B 1st pref with warrants Utility Equities Corp $5.50 priority stock Utility & Industrial Corp. Convertible preferred Wellington Fund Western Reserve Investing Deb 5 Ms 1944 Wisconsin 7 76 * 84 X */ * 54 X 57 X 5 IX $ 6 7 IX 13.26 F&A issuer. * No par value, t Called July 6 at 101. e Ex-coupons. / Flat price, 1$ 14.59 101 M Bankshares 4M k Last sale, Ex-dividend. 3X 99 103 sponsor or 1.30 2.35 5.39 Trustee Standard Oil shares A..1 Series B 1 Union Investment 80 2.41 1 $6 1st oreferred U. S. & International Sec York .......... ..1 1 Voting shares U S & Foreign Securities com..* 100 100 2d preferred Investors Tri-Continental Corp 6% cum preferred Warrants Trustee Stand Invest Class D 3.50 New York Investors ... Supervised Shares 26 Republic Invest Trust— pref stamped conv 97 79 X 80c 44 50c 3.41 2.40 5.45 1st coll 4s series A 1952..-J&J 76 35 2 Nat 3.60 8X 95 M 52c 2 1 New Ea« Util In vest Deb5s 1954 M&S 16 6M 95 X Class B National 16.29 M X 15.21 3.39 35c 48c Class A A 5% preferred ser A w w Nat Bond & Share Corp 2.64 25c 3.29 15c 14.90 Maryland Fund lnc 2.97 Foreignln5Ms47F&A f X* 11.21 20.04 1.59 1 2.50 79 70c X 9.55 National Bond & 32 10 76 10.12 2.40 27 60, 64c 14.41 15.97 4M X 60 7 81 13.51 Manhattan Bond Fund lnc 4.60 Series B Diversified Trustee Shares C shares M 5X 56 M 9M _* w 9.97 4.13 57 * 16.15 4.87 15.07 IX 9.15 Standard Amer Trust Shares _1 Standard Investing Corp com..* w 100 1 £1 Spencer Trask Fund lnc 23.46 5 112M Deposited Bank Shs N Y ser A. Deposited Insur Shs- ser A 90 3.30 49 55 Deb 5 Ms 1939 F&A 15 Standard Utilities lnc _50c ♦State St Investment Corp * Suburban Elec. Securities * $4 cum 2d preferred * 10c 2.67 * 3.20 * 14.56 Series 9-4 Larkins Warr Trust 118M 100 Cumulative Trust Shares Delaware Fund 43 5 rets ord bearer IX 14 39 48 48M 1 29.59 Massachusetts Investors Trust..1 Mutual Investment Trust 10 30 12* * 14.72 Lehman 2.67 10 dep 5* 30c 36 25 21.39 Lawyers Mtge Inv (Boston)— 1st 5 Ms series B 1940 M&S / Corporation. 1 16 25 25 Amer 56 15c 6s series 4 Nov 1942 Securities Corp General com--.* $6 preferred * Selected Amer Shares lnc _.._2M $5.50 preferred 2.27 100 10.60 10.02 25c X Royalties Management A 1 ♦Schoellkopf Hutton and Pomeroy lnc common 10c Seaboard Commercial 10 5% preferred 50 Second Carey Trust 100 Second Nat Inv Corp Com 1 $5 conv preferred 1 Securities Co of New Jersey— 16X 2.27 ♦Crum & Forster Insureh B 9.52 53 2 Convertible stock 7M 22c 1 Selected Income Shares.. Selected Industries com $5.50 prior stock Feb'." "9 22* Series S-3 Marine Midland ♦Crum A Forster lnc com.. 6% * Common stock 14.73 10.14 103 9X May 19 Series S-2 51 X 110 ex 1 10 Preferred May 13 10 4 Sovereign Invest. Inc., com..10c Spanish & Gen Corp Ltd— Am dep rets ord reg £1 26 - 101 X Representative Trust Shares..-10 Republic Investors Fund Reynolds Invest 5s 1948 A&O 27.09 Series K-l Series K-2 9.26 A 10c X 99 X 6 102 13.^7 Shawmut Bank Inv Trust— 4 Ms Mar 1 1942 -M&S 5s March 1 1952 M&S 25 Series B-3 101.11 com Allotment certificates Shawmut Association 99X 25 common Series B-2 -5X X ..... 6X 100 1 * Preferred 105X ♦0% preferred 100 Corp Secure 6% ctfs 1935..M&S f Corporate Trust shares old ser 1 (modified) 65c 5 A'47J&D Preferred 109 X 17X 1 ~~2X J*&A Series B-l 16M AA_ 16.97 2.09 IX * (Geo) Fund Quarterly I qcome Shares 10c 5% debnries A 1942 M&N Railw y & Light Securities com. * Conv col 14 lesser "11" *55 A&O Railway & Util Invest A 1 3X% preferred * $0 preferred 37 Keystone Custodian Fund— / • 30c 1.08 Investment Co of Amer 10 Investors Fund of Amer Series Ol Investors Royalty.. 1 Investors Trust 47 X 3 X % debentures 1951 2 X% debentures 1942 1942 5.99 3.64 5.84 JX 22 100 4.44 1 * 3X 11X 92 M 28 X ex IX 43c 5X ♦Putnam Interstate Equity common 41 X 37c * Pub Util Sec $7 partic pref $3 convertible pref A Invest Bond & Share 5s 60" 6 X 3% 20 X 10c 4.80 4s coll tr CCC 1939-42..-M&N 2.250 107 100 35 91 ♦ 6.60 (Md) ctfs lnc 15 X 10M » 3.38 6.12 4 Ms coll tr AAA 1940-43.-A&O 5s coll tr BBB 1944-51 A&O 8% * 99 M 15M 2X * Corp 4.40 International Holdings & Inv New common 5M 3M 98 98 Phoenix Sec Interstate Bond Co— 1 3 67X 3.09 5.36 Insuranshares 5 96X 4M 27 $3 Deb g 6s 1940 B with war.. J&J Insuranshares Co of Delaware 1 6 5 Pacific Southern Invest pref----* Class A._» Plymouth Fund lnc Insull Utility Invest— Deb g 58 Jan 1949 "3" 2 64 Prudential Investors $6 preferred Pub Util Investing 5s Institutional Securities Ltd— Bank Group shares 7X 103 M 104 Com..* 1947 Debenture 4Mb Dec 15 1952 Old Colony Trust Assoc Overseas Securities Co 5.95 Insurance Group Shares 5X 2.66 Northwest Bancorporation * Ohio Finance conv 5s 1951..F&A Deb 6Ksww 1944 M&N Oils & Industries com 1 Preferred ,__l Oklahoma Southern Trust 10 4.79 Hydro Elec Sec com * Illuminating & Power Securities— 1st preferred 100 Incorporated Investors 5 Independence Trust Shares Independence Fund of N A-.. 5 79 Capital Administration cl A - 2.71 1 5.46 Guardian Invest Trust (Conn) * Preferred * Guardian Investors com $6 1st preferred $3 2nd preferred * Debenture 5s series A 1948 ♦Huron Holding Corp 1 25M 2.15 l Tobacco Shares 6X 5 95 26 l Petroleum Shares 7X 45 4X 93 25X 24X 100 North American Trust Shares— 1953 * Steel Shares 7X 44 49 100 Investing Shares Merchandising Shares Mining Shares 15 15c J&D Railroad Equip Shares 13 7.45 98 H 5 Food Shares 5X 6.88 97 X M&N Class A preferred 100 Normandie Nat Sec pref * North American Bona Trust Ctfs. North Amer Invest Corp com. 100 4.39 Chemical Shares 102 X X 3.59 & Conv deb 6 Ma 1950 Class B common 69 4 97 6.26 I-III Class B A&O 7.95 6.79 Niagara Share Corp (Md)—" - 102 1 Fund A-l stocks 7.31 8.45 7.34 : I.. Deb 5s April 1 1948 A&O Pacific Finance Corp (Calif) 10 Pacific Investing Deb 5s 1948 J&J 2 10 Dividend Shares 1 IX 8.02 Blue Domestic & 55*' 6.83 Basic Industry Shares... — 31.60 6.28 1 D shares 98X 105 7.37 Blair &Co cum "7" Building Shares 8 ACC 5.59 Aviation Shares 15 a 4.89 99 X 4 x F&A 6.75 7.81 Automobile Shares 12 ' * * ment 27 M Bankers Securities Corp com.-50 6% preferred 50 Eaton Investors Steel share -(Concluded) Machinery 1958 38 ♦Class A •7% 29X 17.67 4.42 - American 29M 16.32 49 % Accumulative series A A (modified) 4.40 30 X 97 50 Debenture 5s May 1 Continental Shares— 4.10 * Bankers Nat Investing— conv 47 Great Brit & Canada Invest¬ 27 Option warrants. 4X% 2 1956 N. Y. Stocks, Inc.- Collateral 36 0% preferred - ex-warrants $6 preferred 29M Atlantic Secur 4hs A 1953.A&0 f Atlas Corporation common 5 Chlcago.Corporation ¥.03 * Associated Stand. Oil Shs S3 7.44 100 -—100 J&D 5% preferred w w 5% preferred ex-warr 10-year deb 3s 1946 . 25X 33 X 26 X 25 25 Associates Investment Co 46c 38X ■ * 7% preferred 8% preferred 30 24 1 - 4X 25 X 15% 17X 7.30 General Investors Trust Gen'l Realty & Utilities com 103 18.27 Ask Per Railroad equipment 17.62 30 Bid Par oils 2.72 1 1 Deb 5s Feb 1 1952 General Capital Corp General Investment Corp 5X 26 3.54 10 Stocks and Bonds Metals 3.19 9.21 $6 preferred... 3 5X 28.72 Investors— Class B General X 25X IX 2.45 Fundamental Investors lnc 2 Fundamental Trust Shares lnc— 20 30 x 1 * J&J A 5s series B 1958 American General Corp Common 5X 26.71 10c Class A 1 Class A opt Class B Coll tr 5Vs 3 25 Amer Cities Pr & Lt cl A National share 10c Common with warrants 73 Ask Bid 6.72 10 - 329 -1 1 * Foreign Bond Associates lnc 10c Foreign Power Secur Corp— 1st coll tr conv 6s A 1949. J&D Foundation Trust Shares ser A 1 Fourth 10c S3 preferred Equity Shares Fidelity Fund, lnc 96 Class B 1 50 1! 2 X Feb. 8M May 29 X 10c 1 Insurance stock series Fixed Trust Shares series A 95 Shares preferred Bank stock series 19 Capital Corp A roov ♦First Boston Corp First Mutual Trust Fund Fiscal Fund, Inc.— 42 * Amer Business Credit A Business IX 15X 1 ' * $3 F&A $0 preferred Deb g 5s 1953 Amer Empire Capital Corp A 5 equitable Invest Tr (Mass) 6 Enuity Corp common ..10c 99M 45 fc * Amer British & Cont Com. 3.53 39 Aldred Investment Corp (Can)— Deb 4 Ms with com shs 1968— Alliance Investment com * Allied Int Investing Corp com--* fc Par Per 102 Convertible preferred Amer 12.02 1.25 com Conv deb 5s 1948 Sec conv deb 4 Ms Air 11.30 * Stocks and Bonds share deb 5s 1944-47—J&J Affiliated Fund and income and defaulted bonds where marked "f possible for the closing day of the montb preceding the date of Issue as I n 4X Nominal. Public Utilities (Includes street and electric railways, gas, electric power, water, telegraph, telephone and bridge companies.) prices are "and interest" except where marked "f" Quotations for all securities are as near as possible for the closing day of the NOTICE—All bond Adriatic Electric Co (Italy)— Extlsf 7s 1952 A&O Ala Gas Co 1st M 4%s 1951.F&A 52 Albany Ry 1st Deb g 5%s 1953 - - - 33 1975 Bangor Gas Light 5s 1941—A&O Deb 5s series B 97 43 H Deb 6s 1938 Amer Telep & Teleg— Deb 5%s Nov 1 1943 25-year deb 3%s 1961 16 MX 107% 44% 48% 92% 60 133 103% 104 30 29 23 24 27 28 83 34 % 35 36% J&J A&O 100% 39 109% 106% 124% 4s series O 1956-F&A Birmingham Elec 4%s 1968-M&S Birmingham Gas 1st 5s '59.M&N 4%% extended 1944 A&O Birmingham Water Works Co 1st m 5%s 1954 ser A A&O 101% 1st m 5s 1954 66 68" 67 69 ser 106% 104 105 102% 103 93 96 102% 33 36 7 35 Q-M Q-F 7% 7% Scrip 4s 1941 Scrip 4s 1942 38 , 7% 8 8% 49 51 47 49 Elec Corp— 8s ex-warrants 1940 Conv deb 5 Ha 1973— M&S 97 99 F&A 76 80 Oonv deb 5s 1973 Conv deb 4%s 1973 Conv deb 4s 1973 J&D 70 J&D 67 71% 68% —M&S 64 Income deb 4%s 1978 F&A 38 39 Income deb 4s 1978 A&O 35% 33% 36% 34% 32 33 50 56 50 56 M&N M&S Assoc General Utilities— 5s 1956_M&N M&N f Associated Pub Utilities Corp— 1st lien 5s 1947 ser A J&J 67% M&N 57 J&J 108% 68% 60 109% Telep & Teleg Co— Deb 5Ha 1955 ser Assoc Telep Util deb A..—M&N 5s 1942A&O Certificates of deposit 82% 84 Certificates of deposit Called June 1 at 104. t Called June 1 103% 1st mtge 3%s ser A 1968—J&D 3%% ser debs 1939-1943--J&D 61.50to 4% serial debs 1944-1948.-J&D 63.50 to J&J Central Kansas Pr 6s 1946--M&S 1st s Conv sec 4 %s 1940 J&D Cent Pow 1st 5s 1957, ser D-J&J Cent Pow & Lt 1st 5s 1956.-F&A 101 108% 106% 106% 30 103% 101% Cent Pub Serv Corp— Conv deb 5%s '49 98% F&A / Util.(ws)inc5%s-1952 Edison, Inc— M&S V* 117 100 101 105 J&D J&D J&J Bklyn City RR 1st 5s 1941.-.J&J Brooklyn Edison Co— Consol mtge 3 %s 1966 M&N Bklyn-Manhattan Transit Corp Coll trust 4%s 1966 M&N Coll trust 3s 1940 M&N Coll trust 3s 1941 M&N Coll tr series 3%s 1942 M&N Coll trust ser 3%s 1943—M&N Coll trust ser 3%s 1944—M&N Coll trust ser 3%s 1945—M&N Coll trust ser 3%s 1946—M&N Coll trust ser 3%s 1947--M&N Coll trust ser 3%s 1948.-M&N Coll trust ser 3%s 1949..M&N Coll trust ser 3%s 1950.-M&N Coll trust series 3 %s 1951-M&N Brooklyn Queens Co & Sub— 1st m g 5s 1941 (stpd) J&J 1st con 5s July '41 (stp)__M&N Bklyn Un Elev 5s 1950 F&A Kings Co El 1st 4s 1949 F&A Nassau Elec 1st g 4s 1951--J&J 1st 5s 1944 40 J&J 42 Corp— 5s 1944 68% Cent States Utilities 6s 1938-J&J / Cent Telep (Del) 6s 1938—-M&N / Cent Vermont Public Serv Corp 1st mtge 3%s ser B 1966--F&A 107% 40% 1% 13% 107% Central West Public Service— M&S Bway & 7th Ave—See N Y Rys Bklyn Borough Gas 5s 1967-F&A Brooklyn City & Newtown RR 1939 J&J -M&S 15 Lt Corp— 1st lien 5%s 1953-J&J Debenture 19 115 - 69 1950 Conv deb 5s 1948 1st M & Extl 1st s f 6s 1953 M&N Bridgeport Gas Lt 4s 1952-_J&J Brith Colum Pow 4%s 1960.M&S - M&S 1st coll inc 3-5s A&O Bklyn Un Elev—See BklynQueens Bklyn Un Gas 1st cons5sg'45M&N 1st lien & ref 6s '47 ser A__M&N 1st I ien & ref 5s ser B 1957 M&N 96% 97% 56 60 107 61 64 5s 105 70 M&S Gen & adj 5s 1952. Coll trust 5s notes 1942 El M&S M&S 1999 45 M&S 72 100 78 82% 85 Chester Water Service Co— 76 77% 77% 76% 76% 76% 76% 76% 76% 76% 76% 76% 1st 4%s 1958 series A Chic Aurora & Elgin RR— 76 75% 75% 75% 75% 75% 75% 75 75 75 110% 40 95 36 40 89% 85% 40% 88 43% 75 111% J&D F&A 109 110%: 6 Basis, d Called June 1 at 101%. gold 77 110% 111% 103% 93% Burlington (Vt) G L5s 1955—J&J Butler Water 5s 1957 A A&O s f 5s 1951—J&D Consol Charleston Transit Co— 1st 5s 1942.. Chattanooga Ry & Light— 1st & ref g 5s 1956 op '16.M&N Chatt Rys 1st cons 5s '56.M&N 103% 93% Butte El & P 1st 5%s 1956-Charleston Cons Ry Gas & 106 111 M&S 100 103 J&J / Chicago City & Connecting Ry Coil tr s f g 5s Jan 1,1927-A&O / Chicago City Ry— 1st 5s (15% paid) 1927---F&A 1st & ref 6s 1951 4% 5 7% 7 50% 51 Chic North Shore & Milw RR— 1st mtge gold 5s 1936 1st & ref 6s 1955 ser A 1st & ref 5%s 1956- J&J / J&J f A&O / 1% } 101% 103% 105 1st mtge 3 Ha 1967 -J&D Cin Newport & Cov L & T— 1st ref 6s 1947 series A J&J 57 52% 10 4% 6 6 6 6 1 1 6 Cincinnati Gas & Electric— 103 2% 1% 1 Chicago Railways Co— 1st 5s 1927 stpd as to 25% pt red and pay Aug 1, 1938—F&A / 44 Certificates of deposit / 50 Cons M 5s ser A Feb '27--A&O / 9% Series B Feb, 1927 J&D f 4 Chicago Rapid Transit Co— 1st & ref 6%s 1944 J&J / 5% Certificates of deposit/ 5% 1st & ref 6s 1953 ser A J&J / 5% Certificates of deposit-/ 5% Adjust deb 6s July, 1963--J&J / % Certificate of deposit / % Chicago & West Towns Rys—• 1st cum inc 5s 1937 J&J / 5 * 106 Chippewa Power 6s 1947 J&D 109% 100% 102% 110 1st mtge 3%s 1966— Cincinnati Street Rv— 1st ra 5%s ser A 1952 Buffalo Traction— See International Ry at 105. 101% J&J f 6s 1940 Central N Y Power Corp— Gen mtge 3%s 1962 A&O Cent Ohio L & P 1st 5s 1950-A&O 119 &refM3%sser O '67-J&D J&D J&D 3%s deb O 1948-1952.— J&D Buff & Niag Falls El L & Power— 1st gold 5s 1942 .F&A 105% 88 M&S Central Indiana Power Co— 1st & gen M 3 % .ser J 1968J&D Cent Mexico Lt & Pow 101 104 Deb 5%s 1954 Cent States Pow & 2s dob A 1910-1942 3s deb B 1943-1947 " * 104% 111% Central States Elec Gen 39 2-yr 6 % notes 1933.. A&O f 132 Certificates of deposit 132 Athens (Ga) Ry & Electric— 1st & ref s f g 5s 1950 104 J&J Atl Cons St RR—See Ga Ry & El Atlanta Gas L 5s g 1947 J&D 107% Gen mtge 4%s 1955 105 M&S Atlanta Nor Ry—See Ga Ry & El Atlanta Wat El & Pr 5s 1943 J&J 104% Atl Beach Bridge 6%s 1942..F&A 101 F&A 100 Buffalo Niagara Electric— 39 26 108% 109% 1st & ref 6s 1952 —J&D Cent Illinois Light 3%s '66. -A&O Central Illinois Public Service— 110 Gen & ref 4%s 1981 39 Conv deb 5 Hs 1944 ser C. M&N Certificates of deposit 98 103% Buffalo General Electric— 39 M&S 1st & ref 5s 1951 106% 109% Deb 5s 1950 41 41 M&S 1st & ref 3%s 1965 109 5s 32 34 Q-F —.J&D 1st & ref 5s 1941 109 British Colum Tel 5s I960- S fine deb 5 %-6 Ha A 1986 F&A S f inc deb 5-6s B 1986—-M&S 85% 83% First lien coll tr 5%s '46.-J&D Central German Pow 6s '34. J&D / Cent Hud Gas & Elec Corp— 106 1st 4%s series B 1961 Broad River Power Co— 1st & ref 5s 1954 ser A S fine deb 4^8 O 1983-—M&S S f inc deb 4s D 1983 M&S 97 Central Gas & Elec 6s 1946-M&S M&S West End St 5s 1944 7s Sept 1947 42% 38% 38% 37 92% 106% 110^32 Central States 40 37 J&J 105 102 96 38% 37% 39% 40 64 95% 100% 103 94 37 35 Cedar Rap Mfg & P 5s '53 Cent Ark Pub Serv Corp— Bolivian Power 8s ser A '45.A&O Boston Elevated Ry— 42 48 34 Carolina P & L 1st 5s 1956—A&O Cent Public J&J M&S Cons ref deb 5s 1968 A&O Cons ref deb 4 Ha 1958—_M&N S Tine deb 5s B 1983 M&S M&S Canadian West Telep 5%s *56J&J Cape & Vine'd El 4s A '65 J&J Capital Traction (Wash, D C)lst g 5s June 1, 1947 J&D 44 F&A 46% 102 J&J M&S / 6%s 1951 41 M&N F&A 104% 104% 84% 85 58" Brandenburg (Germany) El Pr 63% 52 (35% prin paid) 1927 F&A Camden & Sub Ry—See P S Corp Canada Nor Pow coll 5s '53-M&N Deb g 4%s Nov 1, 1941—M&N Deb g 5s Dec 1942 J&D 100% 105% 104 1st Central Maine Power— 1st & gen 4s ser G 1960 A&O 1st & gen M 3%s ser H '66.F&A 97% 111% 109% Conv 5s 1957 101% 103% 57% 62% 105 97 Bleecker 105 99% 105% 103% C '65..-M&N ser Mtge&Colltr 3%sser D'68 J&D St&FulFy-See NY Rys Bloomington Dec & Champagne 1st & ref 5s 1940 M&N Boise Gas Light & Coke Co— 105 Ry— 1st & ref 6s 1947 ser A 105% Oonv deb 4 %s 1949 Conv deb 4 Ha 1948 aCalled July 1 at 110. J&D B Chfcago Cent Indiana Gas 5s 1957 1st mtge 5s 1957 ser C-..F&A Blackstone Val Gas & Elec— M & coll tr 4s 101 J&J A&O 75 Berlin Elec Elev & 80 72 Biddeford & Saco Water— Underg Rys— 6%s 1956 A&O / South Cent Ills Elec & Gas Co— 27% J&J Oonv deb 6s 1941 108% 125% 126% A&O Conv deb 5%s 1977 Convdeb 5s 1965 Conv deb 5s 1950 Associated 124% 125% 27% 1961 Associated Telep Co Ltd— 1st M 4s series B 1965 108 117% 133% 1st mtge s f & Cent El & Tel 1st 5s ser A '55 J&J 117 99 _ 1st & coll tr 5s 1948 ser A—F&A Central Elec of N J 5s 1940.-J&J Berlin City Elect 6%s 1951 — J&D f Sink fund deb 6%s 1959--F&A Deb 6s Apr 1,1955 A&O f Associated Gas & Elec Co— Deb 6s series A 1958 100% 42 1st s f 6s ser A 1953 A&O Ashl'd Home Tel 4HsA 1961A&0 Ashtabula Wat Wks 5s 1958-A&O Assoc Elect 4%s 1953 J&J Income deb 4s 1961 99 38 - w w 98 100% Berkshire Street Ry— 1st extend 6s 1947—- ——J&D Arkansas P & L 1st 5s 1956-A&O Arkansas Western Gas Co— Income debs 99% 103% Arkansas & Missouri Power Corp 5s series A 1957 J&J Income deb 3 %s 1978 Income dob 3%s 1978 105 102% 82 %w M&N 53.00% 1940-1946 Canadian Utilities Ltd— 1st mtge 5s ser A 1955 110 107 99 Term 109% 80 101 103 Canadian Rail & Harbor— J&D Arizona Power 5s 1950 F&A 1st & ref 4Hs 1950 F&A Ark Louisiana Gas 4s 1951-.J&J Associated Gas & 92 Corp— A&O Bergen Turnpike 5s 1951 J&J Androscoggin W Pow 6s '45.F&A/ Appalachian Elec Power— 1st mtge 4s 1963 109 % F&A S f deb4%s 1948 F&A 105% Appalachian Power 6s 2024--J&J 122% Ardmore St Ry—See Phila Co Conv A 7s 2002 86 ;.J& J Bellows Falls Hydro-Elec 1st mtge 5s 1958 102% Canadian L & P 5s '49 op '14 28% 83 24% 111% 109% 100% 98% 62 104 A&O 2 %-2 %-3 %-3 %-4-4% 111 H 109 H M&N J&D Conv A 5s 2002. Conv A 68 2002... M&S A&O 1st mtge 4s 1966 Calif Water & Telephone— 1st mtge 58 1965 M&S Calumet G & E 5%s B I960.J&J 1st & ref 5s 1948 ser B 6 California-Oregon Power— Deb gold 5%s 1942. 12 23% 27% 100% 1st g 5s 1957 ser B J&D 1st mtge 5s 1960 ser C M&N Bell Telep Co of Pennsylvania— J&D - Serial notes 1st & ref 5s 1960 ser C J&D Ana&Pot R RR-See WashRy&El Anchorage Lt & Pow 7-5s'43 F&A Androscoggin & Kennebec Ry— 1st 6s 1940 ...M&S 5s Jan 1 conv J&J J&J 1978 notes 1978 5s Bell Telephone of Canada— 1st g 5s 1955 ser A 49% Amer Water Works & Electric— Arizona Ed 1st 5s 1948 1st 6s 1945 Income 5s 1960 Income 6s 1960 58 1st s f 5s 1964 Calif Water Serv 4s B 1961-M&N Beaver Valley Trac 5s 1950.A&O / 6 103 Beaver Valley Water 5s "60-M&N 87 American Toll Bridge— 5 %s series D, 1945 F&A Amer Util Service 6s 1964--M&N 1975 ser A Deb 5s 1975 ser B 81 107 M&N A&O 30-year deb 3%s 1966 Deb 6s mtge Beauharnois Power— 5s 1978 61% 47 H M&N 84 Beauharnois Lt Heat & Pow— 9 Amer Rys Corp coll 4 %s '53.A&O Debenture 4%s 1963 A&O Amer States Public Serv— A 5 47 H 92 79 111% J&J Barstow (W S) deb 6s 1942--A&O d 101% Bear Mt Hud Riv Bdge Co—103% 1st 7s 1953 -A&O S f income 8s 1953 A&O f 62 % % % 107 H 83 Bangor Hydro Electric— 1st mtge 3%s 1966 2d Amer G & E deb 5s 2028..-M&N Am Gas & Pow deb 3-5s *53-F&A Secured deb 3.6-6s 1953.-.J&D Am Pow & L deb 6s 2016...M&S J&J J&J J&J Deb 5s series A 1975 79 64 109 '58.J&J Calgary Power 1st 5s 1960—A&O Calumet Deb 4s series A 1975 13 Bonds Baltimore Transit Co— 75 M&S/ Amer & Foreign Power Co— Deb g 5s 2030 M&S Amer Fuel & Pow 7s 1934-J&J . 103 ■ loo" F&A / M&N f 5 %s Certificates of deposit 1953 / Amer Elec Pow deb 6s *57 M&S 15 / ser 38 J&J J&J 108% 105 J&D 99% Atlantic Co Wat 5s *58 ser A M&S 102 Augusta Ry & El 1st 5s 1940 J&D Aurora Elgin & Chicago Elec Ry 1st 5s 1941 A&O / 8 100% Avalon Telep Ltd 4%s *58--A&O Baltimore County Water & Elec 104% 1st 5s 1946 M&N Power— Oonv deb 6s 1940 Am Community Power— 1st 1 5 Hs 1948 98% 103% 101% 5s 1930.-J&J f General 5s 1947... J&D / Allegheny Gas Corp 6 %s ctfs *43 f Alliance Power 1st 6s 1952 M&S f Alliance Pub Ser(Ohio)5s '57 M&S Altoona & Logan Val Elec Ry— 1st coll 4s Jan 1 1954 J&J Amarillo Gas 6s 1939 J&J Atlantic City Sewerage— 1st s f 6s ser A 1956 105 103% cons Amer Commonwealths Deb g 6s 1952 ser A 99% 106% 105% 106% 104% 104% 98% Bid Ask Cairo Bridge 1st inc 6 %s Atlantic City Electric— Gen mtge 3%s 1964 Atlantic City Gas 5s 1960 1st lien & ref 5s 1957 60 99 5s 1946-M&S 1st & ref 5s 1951 J&J 1st & ref 5s 1956 M&N 1st & ref 4%s 1967 J&D 1st & ref 5s 1968 M&S Alabama Water Service Co— 1st M 5s 1957 ser A J&J Alabama Power 1st Bid Bonds Ask Bid Bonds and income and defaulted bonds month preceding the date of issue 121 1st 6s 1955 ser B F&A 110% 111% 110% 81 83 A&O 74 77 A&O 75 77% 105% 115 / This price includes accrued interest. JfcLastsale. n Nominah 74 PUBLIC UTILITY BONDS 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 NOTICE—All Bonds Bid Bonds Bid Cities Serv deb 5s Jan 1966-M&S Deb g 5s Apr 1958 A&O 80 84 Oonsum's Water 1st 6s A '46 M&N 92 74 7434 Deb g 5s 1963 M&N Deb 5s 1969 M&S Conv deb 5s 1950 J&D Cities 8ervice Power & Light— Deb 534s 1952 M&N Deb 534s 1949J&D Citizens Independent Telephone 7334 Deb 5 Ms series A 1970—A&O lontin Gas & El deb 5s 1958 F&A 87 71 75 7534 7534 Continental Pub Serv 6s '40-J&D Continental Telep 5s 1953—F&A 89 M 3 8934 74 96 8234 8134 82 M 82 M Cooper RivBri'ge inc lst6s*58M&N Copper Dist Pow 4 34s 1956- J&D County Gas of Dallas 5s '46 A&O County Gas (N J) 5s Jan 1 ,1952- 9734 83 M 96 M Ask _ 10334 lsHt mtges f 4 34s ser A '61—J&J Citizens Utilities Co— Income notes 3s 1955 F&A 36M 62 64 61 1st coll 4-5 Ms 1948 A&O Citizens Water (Scottdale)— 1st 5s series A 1953 J&J City Gas & Elee 1st 634s '51 _J&J City Light & Traction (Sedalia, Mo) 1st s f 5s 1952 J&D City & Sub PS—See Un RyB of St L City & Sub Ry—See Wash Ry & El City of New Castle Water— 5s 1941 J&D 38M 64 101M 1st M 5s 1954 series B J&D 1st M 5s 1957 series O—M&N 103 101M 105M J&D / 45 Clear Springs Water Service— 1st 5s ser A 1958 M&S 98 M Cleveland Electric Blum— Gen mtge 334s July 1, '65.J&J Cleveland Ry 1st 5s A 1945-M&S 10634 10234 Cleveland South w Ry & Light Gen & con 5s 1954 M&S / 10834 103 1 109 J&D 37 6s 1940 38 6s 1942/ 5 Colorado Cent Pow 5 Ms *46-J&D t 105 Colorado Power 1st 5s '53—M&N 106 Colo Utilities 1st 534s 1958.M&S 35 Columbia Gas & Elec Corp— Deb g 5s 1952 102 M&N Deb g 5s 1952A&O 15 Deb 5s Jan 15. 1961 J&J 15 Columbus (Ga) Elec & Power— 1st & ref 6s 1947 ser A—J&D 1st & ref 5s 1954 ser B M&N Columbus Ry Pow & Light— 1st mtge & coll tr 4s 1965-M&N 10134 10234 ~8~ 108M -M&S 8334 103 M M&S 5 Deb g 6s 1946 ser A J&D Deb g 534s 1946 ser B.__M&S Conestoga Trac 1st 4s 1950--J&J Coney Isl & Bklyn cons 4s '48 J& J Connecticut Light & Power— 1st & ref 8 f 7s *51 ser A__M&N 109 10534 111" 11234 11234 40 22 83" 106 8434 104 8 105 113 Connecticut Power— 126M 11134 10834 128 M 107 108"' 100 Debenture 334s 1946 A&O Debenture 3 Ms 1948 A&O Debenture 334 s 1956 —A&O 20-year 334s debs 1958—J&J Consol Electric & Gas— 107 M 106M 104M ser A Aug 11962—M&N 6s series B 1962 F&A ' Collateral 6s 1957 ...F&A Oonsol Gas of Bait 5s 1939.-J&J Gen g 434s Apr 1954 A&O Oonsol Gas Elec Lt & P (Bait)— _ Ref mtge s f 3 Ms 1971—J&D Gas Utilities Co— 6s unstamped 1943 ser A--J&D 6s stamped 1943 J&D 46 / / / 111 434 434 34 1 89 93 94 M 95M / / 108M 109 11134 10834 109 b Basis, f 6s s 1.50 2.25 12534 97 126 104 10434 18 62 102 66 68 97 f 20 6234 6234 A&O / 102 101 9734 9734 10034 2M 100 102 98 100 M&S 1st M & 1st lien 5s 1955 B M&S Easton Consol El 5s 1949 M&N Electric Ferries 7s (w-s) '41 _A&0 Elec & Peoples^ See Phila R T 103 M 103 104 M 106 99 1st M 7s 1944 1st & gen 6 Ms 1950 F&A J&J 9934 f 6 1st sink 20M 20 M 7534 76M RiviPublic Serv Eliz & Trenton RR J Corp J&J M&S d Called June 27 at 105. e Called June 27 at 104. 57 10934 105M 9534 102 M - - 104 104 M 101M 60" 100 101 10634 106M 107 A&O Hamburg (Germany) Elec Co— Extl g s f deb 7s 1935.—M&N / 20 Hamburg (Germany) Elev Under21 gound & St Rys 5Ms'38._J&D Hamilton Gas 6 Ms Aw w '37 J&D 55 108 Harrisburg Gas 5s 1970—M&N Havana Elec Ry 5s 1952 42 F&A 5Ms (Sept'31 coup on)'51-M&S f 34 Hempstead & Oyster Bay— Water 6% July 1 serially 97 104 1st 5Ms series B 1955 Hoosac Valley Street Ry— 102 to 1st mtge 6s 1945 Gulf States Utilities Co— 10334 107 - 57 104 Home Tel & Tel (Ft Wayne;— 1st 6s sories A 1943 J&J 10234 * 106 Gulf Coast Water 1st 5s '48.F&A Gulf Power 1st 5s 1968 A&O Gulf Public Service Co— 114 102 M 11034 103M 434s notes 1940-1953 J&D Greenwich Wat & Gas SystemCol tr 5s 1952 series A A&O Col tr 5s 1952 series B A&O 112M Empire District Elec Co— 72 10034 '55 Ms 1942.-M&N Hest Man & Fair Pass Ry—See P hil R T Holyoke Street Ry inc 5s 1945 32M Elmira Water, 78 Power— — Raritan Light & RR— 5s 1956-M&S tr 5 Northern ff Pow s 1st lien coll —— 77 M 60 M&S Great Lakes Power Ltd— 1st s f 434s 1956 Great Lakes Utilities Co— - 96 71 96 1st M & ref 4s ser C 1966- A&O 1st & ref 4s O 1966 (new).A&O 11234 10534 70 1st guar 5s 1954 op 1990-J&J 101 Gesfurel 6s 1953 x w__; J&D / 25 Grand Rapids Gas L 5s '39. F&A 101 Grand Rapids Ry 1st 7s '39.M&N / 1734 Great Cons Elec Pow (Japan)— 70 5s 1952 10134 94 69 m 93 94% 104M 10534 102 Eastern Minn Pow 534s 1951 M&S Eastern Oregon Light & Power— 5 Ms series A 1951 M&S A 35 9134 A'56_A&0 71 ser 10434 9934 9834 120 ser 64 1M 1st m 5s 1950 12634 Ga-Caro Pow 1st s f 5s '52--J&J Georgia Power 1st 5s 1967.-M&S Georgia Power & Light Co— 1st mtge 5s 1978 J&D Georgia Ry & Electric— Atlanta Cons St 5s 1939.-J&J Atlanta Northern Ry Co— 102 Ref 6s series E Jan 1 1948-A&O Eastern Michigan Rys— 1st mtge coll tr 7s 1958 J&J / con g 26"" 23 Scrip 4s due 1942 / General Public Service Corp— Conv deb 5s 1953 J&J Conv deb 5 Ms 1939 J&J General Public Utilities— 6M8 99 M 105M 25 1st 5s stamped 1950 F&A Green Bay & Miss Canal— 1st & ref 4 Ms 1953 M&S Green Mountain Power Corp— 1st & ref M 334s 1963—J&D 1st & 89 M & El of Bergen Co 5s *49. J&D Gen 5s Nov 1,1954 M&N Gatineau Pow 1st 5s 1956 J&D S f debenture 5s 1949 J&D 334s series A & B 1969 A&O General Gas & Electric Corp— tr « 95M 1944 Gas 1st M coll — - 1.00% 1.50% 2.00% 99 104 x-w — - 60 A&O Great & _ 2.40 Ry— A&O / Gandy Bridge (Tampa)— 1st mtge s f 5 Ms 1957 Gary Electric & Gas Co— •- 99 M&S 1957 Elec f g 5s 1954 opt 80 Georgetown Gas Lt 1st 5s'61 F&A El Paso El Co— 11134 s 89 98 75 22 58 Electric P & L Deb 5s 2030-F&A Eliz Plainf & Cent J) See 107 1st 1st M 92 M Eliz 10134 88 Equip trust 4 Ms to 1941—F&A Equip trust 434s to 1943--M&S Equip trust 4s to 1946 M&S Fullerton-Portsmouth Bridge— 87 534s 1947ser A_ 100 Florida Public Service Co— 91 m 953« 98 1st 4s series C 1955 J&J Florida Telep 1st 6s 1945—A&O 2d 6s 1954 —-J&J Fontana Un Wat 6s 1935.-J&J Fruit Growers' Express— 86 1st 106 9534 10134 Ref m 4Mb 1948 A J&J Ref m 5s 1948 B J&J Ref 6s Jan 1948ser C.-M&S 15 Ref 6s series D Jan 1 1948-A&O Electric 106 78 M 91 102 25 86 77M 9 93 34 11134 21M 85 92 Edison El 111 (N Y)—See N Y G Edison Sault Elec 4 Ms, 1961 A &O 63 M Conv deb 5Ms 1954 M&N Federated Utilities Inc— 1st lien col tr 5 Ms 1957—M&S 99 25 9134 Edison Elec Ilium of Boston— 3 Ms 1st M s f July 1. *65,J&J 95 9734 90 120 63 103 1st mtge & coll 6Ms C55.A&0 General Water Wks & El Corp— Istllen & col 5s 1943 ser A.J&D 19 Economy Lt & Pr (111) 5s '56-J&D 112 M&S Debenture 6s 1954 ser B_ J&D Fed'l Pow & Lt 6s Nov 1, 1965— Federal St & Pleasant Valley Pass Ry 5s May 1 1942. --J&J / Federal Water Service Corp— 100 1st 10234 10834 103M 82 / 5234 5234 5134 101M 12834 61 105 102 98 M 101M Eastern Iowa Pow 6 Ms 1943-M&S Eastern Lt & Pow s f 5s 1964 M&N Eastern Mass Street Ry Co 1st & ref t Called June 1 at 105. Called June 1 at 104. 112 f Empire Gas & Electric Co— Gen & ref 6s ser A 1952. -J&D Empire Gas & Elec and Empire Coke jt 1st & ref 5s'41 opt. x 4M 4M 5034 5034 5034 10034 127M 111M 12 J&J 5s with warrants 1944--J&J Gary Rys Co 6 Ms ser A 1945 F&A Gary Street Ry 1st 5s 1937.-A&O Gas Co of New Mex 6 Ms '44 M&S 96 11134 108M 11134 20" 108 10734 M&S Stamped.. 1st lien g 6s 1942 stpd 46 M 18 1st 5s (Amer series) 1942.M&S 1st 5s (Internat ser) 1942—M&S 1st lien coll 5s 3M 3M 0 0 ■^cos 3ER A&O M&N M&N M&N M&N M&N 18 5s series B 1953 J&J Eastern Shore Pub Service Co— Oonsol Hydro-Elec Wks of Upper Wuerttemburg 1st 7s '56.J&J / Consumers Power Co— 1st mtge 3 Ms 1965 1st mtge 3 34s 1965 1st mtge 334s 1967 1st mtge 334s 1970 1st mtge 3 Ms 1966 93 10434 106M 106M 10934 Consol Corp 6% notes, 1940 55" 108M 10734 10634 17 — Coll 6s 43 M 130 Erie Ltg 1st ra 5s 1967 A&O Erie & Suburban Ry 5s 1941 A&O Fall River El Lt 3 Ms 1968.-M&N Federal Light & Traction — Galveston-Houston Kootenay Pow 1st 7s '42.A&0 Adjt 6s due July 1958 92 M 109" 91 Durham Pub Ser 7s A '49--A&O Durham Trac 1st 5s 1941 M&S East Coast Pub Serv 4s 1948 F&A East Jersey St Ry 5s 1944--M&N East Prussian Pow 6s '53 J&D Eastern Gas & Fuel Assoc— 1st m & coll tr 4s A 1956-M&S 91M 50 34s ser G '66M&S 55 109 105M International 68 110 1st lien 5s 1962 stamped.-J&J Consol Edison Co of N Y— 10834 10834 104 M 10834 Ask Sinking una debs 5s 1946-J&D Florida Pow & Lt 1st 5s '54—J&J 109 105 M&N Bridge— 1st mtge s f 634s 1952 TF&A Certificates of deposit 8 f deb g 7s 1952 F&A Certificates of deposit Det & Pt Huron Shore Line— 1st gold 5s 1950 J&J Dom Elec Pow 5Ms 1955 M&S Dominion Gas & EI 6 Ms '45.J&J Dortmund Munic Util (Germany) 20-yr s f 6 Ms 1948 A&O Duluth-Superior Transit— 1st 5s 1953 w s M&S Dumbarton B'ge 6Ms to *49.J&J Duquesne Gas Corp— 1st conv 6sctfs. 1945 M&S15 Duquesne Light—See Phila Co Duquesne Nat Gas 7s 1948—J&J Duquesne Trac—See Phila Co Bid 109 Florida Power Corp— 1st mtge 4s series C 1966--J&D 10434 Certificates of deposit 1st 5s, 1966 M&N Detroit Edison— 39 108 7534 46 50 111M 10834 Conn Rlv Pow 3 Ms ser AM31 F&A Connellsv Wat 5s Oct 2 '39-A&0 Consolidated Cities L P & Tr— 74 M&N 38 1st & ref M 3Ms ser F '66.M&S 1st & ref M 3 34s ser G '66-J&D 5s 1956—-J&J 1st mtge s f 6s 1953 Certificates of deposit s f deb 6 Ms 1948 E. 25-year deb 334s 1956---M&S 41 11034 M&N 71M 129 M Lt 434s 1951—J&J 33 Pa tax 70 M 66 128 Stamped guaranteed opt--J&J as to Bonds Equit G & E Utica 5s 1942. A&O Ercole Marelli El Mfg Co (Italy) 1st s f 634s 1953 with war M&N Erie Co Electric 6s 1959 J&J Erie Rys—1st 6s 1954 A&O . Gen & ref 434s 1961 ser D.F&A Gen & ref M 4s ser F 1965. A&O Gen & ref M 3 Community Public Service— Conn Ry & Stamped Detroit Community Teleph 5s Jan 1 1949 / Community Water Service Co— 1st & coll trust 109M F&A Conv Community Power & Light Co 1st mtge. 4s 1964 107M 10834 Denver Tramway Corp— Gen & ref 5s 1950 ser A J&J Des Moines Ry 1st inc 5s Jan 1 *55 Detroit & Canada Tunnel— 106 Com'w'lth El 5s June 1 *43-M&S 115 Commonwealth Gas Corp— Non-cum Inc deb 6s (w s) 1948 / 35 Non-cum inc deb 6s (x s) 1948- / 20 Commonwealth Light & Power— Ref & unif 7s 1962 J&J / 4 Com'w'lth Tel (Pa) 5Ms '45 M&N 81 Com'w'lth Tel (Wis) 4s A '66 M&S 105 1957 *106% Dayton Power & Light— 1st & ref M 334s 1960 A&O Delaware Electric Power Co— Deb 534s 1959 J&J Delaware Power & Light Co 1st M 434s 1971 J&J 1st mtge g 4 Ms 1969 J&J 1st mtge g 4Mb 1969 .J&J Delaware Vail Util 6s 1952. M&N Denv Gas & El 1st g 5s *49--M&N 39" 10234 10234 102M 91 „ 105 Commonwealth-Edison Co— 1st M 4s 1981 ser F M&S d 10573i 1st M 334s ser H 1965.—A&O e 104% 1st mtge 3 Ms ser I 1968.-J&D 11034 Conv debenture 334s 1958-J&J 11234 334s (interest waived to & incl. May 15 1939) 1958. 11234 5s Light— 1967 50 Danville Tr & Pow 1st 5s '41.J&J 3834 Darby Med & Ches Ry—See Phila R Tran 48 Darby & Yeadon 434s 109M 39 §6" 89 Cumberland Co (Me) Pow & Lt— 1st mtge 3Ms 1966 A&O Cumberland Gas 6s w-s 1948M&N 1st & ref 5s 1951 M&S ■ 48 Dawson Ry & Coal 5s 1951—J&J Clarksbury-Columbus Short Col M 77 ' Danbury & Beth Gas 6s 1948 F&A City Water (Chattanooga)— Coast Cos Gas & Elec— 1st s f 4s series B 1965 Colonial Utll 5 Ms 1.958 105 Service Co— Coll inc 6s B Oct 1 ,1954—J&D Cuban Telep conv 5s 1951 J&J 1st lien & ref 734s 1941.-M&S Dallas Ry & Ter 1st 6s 1951-J&J - Route Bridge 6 Ms 1952 95 Public Dallas Power & 1st mtge 334s 88 82 - Crescent Ask 108 2634 25 57 44" 34 35M 105 A&O 105M 1st ext 6s June 1 1947—M&S Houston Elec 1st 6s B 1950-J&D Houston Gas Securs 5s 1952.M&S 9934 101M 100 103 10334 10134 103 Houston Gulf Gas— 1st M & col 6s 1943 ser A-A&O Deb 6 Ms 1943 with war.-A&O /Thisprice includes accrued interest. 20 A: Last sale, n Nominal. NOTICE—All bond prices are "and Bid Houston Light & Power Hunt'g'n Wat 1st M 6s '64A M&S 1st M 5s 1954 ser B M&S 1st 5s ser C 1962 A&O Hydro El Bond & Sh 5s 1957M&N Hydro El Corp (Va) 5s 1958. J&D Hydro Elec Power Commission (Ontario) 3 3*s 1943 J&J 43*s due Jan 1. 1970 J&J 3Hs 1947 A&O 2Hs 1942. A&O 3 3*s 1953 F&A Idaho Power 1st 3 %s 1967.-A&O Illinois Bell Tel 33*s B 70--A&O Illinois Commercial Telep— 1st 5s series A 1948 M&S 1113* 103 M 102 126 M 68 Jacksonv (Fla) Gas— 43 / 102 M 119 1013* 1st 103 M 120 1023* 1st M 4Ms 1023* 1053* 1961 ser C... f / Deb 1st gold 6s 2022 ser 96 M 1st 5s 1947-_M< Light Co— 4Ms 1965-----.-Ml Kentucky El Pr lstsf 6sl960J< Kentucky Fuel Gas Corp— 1st 6 Ms 1942 with warr..J<5 Kentucky-Ohio Gas Co— Otfs ;ndebt 2s 1958 83 Kentucky Power & Light 1033* 104 108 M 105 1053* 111 113 61 60 M / / 62 101 973* 973* 973* 1013* Keystone Pub Serv— 1st M 5s 1978 83 j 993* 973* 100 1093* 102 100 102 M 57 49 M 49M ig* s f 6s '36 A.M&S f 6s 1941 ser B M&N Coll tr 6s 1957 ser O A&O Debs f 7s 1935 J&D 102 107 1st 19 Debentures 1948. 61M 59 3* 59 M 58 M&S 62 M 85 M A&O 59 853* 101 553* 543* 47 6s coll 43 3* 47 543* notes ser B 1942. 1013* / 93* f 40 45 433* M 47 49 36 38 78 83 64 J&J15 66 68 M 60 70 International Railway (Buffalo)impt 3-5s 1962 M&N Buff Trac 1st 5s 1948 J&D International Telep & Teleg— Deb g 4 Ms 1952 .J&J Ref & _ Int-State Bridge 4-6 Ms '50 M&N Interstate Gas & El 6s 1951. .J&D Interstate Power 1st 5s 1957.J&J Deb gold 6s 1952 J&J Interstate P S (Ark) 6s 1940 M&S / J&J '42.F&A J&D 67 3* 67 M 45 34 46M 4 6 103 M 104 M 94 M 943* 893* 89 J* 3* 103 M 98 1133 10631 1st lien & ref 5s *57 ser A-.M&N 1st 1 & ref 5s 1961 ser B M&S Iowa Pow & Lt 1st 4 Ms 1958 M&S 102 M&S M&N Iowa Southern Utilities— 1m & ref 5 Ms 1950 J&J 1st & ref 5Ms July 1 '50.M&N Deb 6s 1950 ser A M&N M&N 102 1073* 105M 95 10434 99 1023* 1043* 105 93 94 ser A..M&S t Called for payment Aug. 1. 593* J&D 50 108 40 Long Island Lighting— Secured g 6s 1945 Conv deb g 5Ms '52 ser A. A&O Long Island Water 5 Ms '55 M&N Los Ang Pac Co—See Pac El Ry Los Ang & Pac RR-See Pac El R; Los Angeles Railway Corp— 43 M 48 M 99 59 b Basis. 49 98 92 1013* 1013* 993* 102 102 35 10 1st s 47 A&O f 7s 1957 ser A Metropolitan Edison Co— 1103* 1st M 4Ms 1968 ser D_._M&S 1st M 4s 1971 ser E M&N 1083* 110 1st mtge 4s ser G 1965 M&N 88 Metrop Edison Corp 6s '61 .M&S Metro Wat Sewer—See Fgn bds Metropolitan West Side "L"— 8 1st gold 4s 1938 F&A f Exten gold 48 1938 63* J&J r 20 Mexican El L 1st M g 5s '42.J&J 20 Mex Lt & Pow 1st 5s '40 s f.-F&A 35 Mexican Utilities 7s 1939 A&O 50 111 1093* 1103* 91 9 73* 40"" rtridge— 72 Mar 1952. Michigan Associated Telep Co— 107 1 st mtge 4s ser A1968 M&N Michigan Consolidated Gas— 1013 1003* 1st mtge 4s 1963 M&S 4% notes 1939-1948 F&A b 10134 to 97 J Mich Fuel & Lt 6s A 1950 J&D / 55 Michigan Gas & Elec Co— 101 1st & ref 6s 1943 M&S IstM 5s 1956 J&D 983* 973* Michigan Public Service Co— 99 1 st g 5s 1947 ser A 993* A&O 56 Middle States Util 6s A1951 A&O 87 Middle West'n Telep 6s '43..J&J Middle West Utilities— / 1935 18 125 .....J&J Middlesex Water 53*8 1957.A&O Midland Util deb 6s 1938. .-M&S 1st M 4 3*s 1967. M&S Minneapolis Gas Light Co— 1st mtge 4s 1950 J&D Minnesota Northern Power— Minnesota Power & Light 1st & ref 5s 1955 1st & ref 43*s 1978 Mississippi 103" 1023* 1033* 823* 82 106 / 383* 1073* 393* 993* 1063* 993* 107 A&O t 100 Co— 106 J&D 10134 M&N f 7s 1948.. M&S Mississippi Power & Light— 1st M 5s 1957 ...J&D Mississippi River Pow 5s *51-J&J Deb 5s May 1. 1947 M&N Missouri Edison 1st 53*s '47 J&D 1003* 94 1003* 108 109 103 105 973* 983* A&O 1033* 503* 1083* 84 86 J&D 107 108 F&A 1st 4-5s 1956 85 Missouri Power & Light— mtge33*s 1966 Missouri Public Service Co— 1st s f 5s 1960 45 Missouri 993* 853* 4 3*s series C 1961 103 M&S Missouri Val Pub Ser 6s '39 J&J / 5 Mobile Gas Service Corp— Telephone— 1st 5s 1956 A&O '56--A&O A&O Mob Lt & RR Cons g5s '41-M&S Mohawk Valley ref 6s 1991 M&N 87 1st cum inc 9s ser A 106" 72 62 80 90 97 99 79 77 A&O Monmouth Cons Wat 5s '56. J&D 107 Monongahela Light & Pow Co 1st M 5s 1949 J&D Monongahela Valley Water— 1st M 53*s 1950 series A..J&J Monongahela West Penn Pub Ser 1st & gen mtge 43*s I960.A&O Debenture 6s 1965 A&O 1063* 1103* Debenture 6s 2031 1103* 120 973* 60 :::: Montana-Dakota 103 — Ext 90 61 90 1203* 103 1083* 1053* 1093* 1063* 1003* 1003* Power— J&J 1st 53*s-63*b 1944 Montana-Dakota Utilities— 233-8 — 96 — 193* Conv deb 43*8 1946 f 4 3*s 1954 1st mtge s Montana Power— A&O M&N 1st & ref mtge 33*8 1966.-J&D Montreal Isl Pow 53*8 1957 M&N — 96 97 104 1043* 1003* 1043* 1003* Montreal Lt Ht & Pow Consol— 3% 1083* 108 k Last sale, conv 1st & coll 108 — - 61 / This price includes accrued interest. 933* Income 7a 1956 f M&S J&J i—'i—» oo Power Co— 1st & ref 5s 1955 Missouri Gas & Elec Service 80 85 105 J&D Luzerne Co (Pa) Gas & Elec— 1st ref&imp g 5s'48 op'13 A&O 1st & ref 6s 1954 Debenture 7s 1944 108 1033* Meridionale Electric Co— 77 s 101 Francisco)— 1st 8 f 7s 1940 ser A Q Jan Maryland Light & Power— 1st M 5Ms 1950 ser A J&J Maysville P Serv 5 Ms A 1942A&O Memphis Power & Light Co— 1st & ref 5s 1948 ser A J&J 1st & ref 4Ms 1978 ser 0..A&0 Memphis Street Ry— 3-5s series A1945 A&O 3-5s series B 1945 Ann April 1st Lone Star Gas 3 Ms debs '53 F&A Long Beach Gas 1st 5s '56.-J&D 1st M 23 1053* 100 B 1966 J&J Joint 7s 1944 96 102 Louisville Gas & Elec Co (Ky) JJ 1st & ref M 3 Ms 1966 M&S Louisv Ltg 5s '53 unstmpd.-A&O Louisville Ry— 2d 4Mb 1940 1023* M&S General 5s 1950 F&A 1023* Lowell Gas Light— 108 1st mtge 43*s ser A 1966.M&S 106 Lower Austrian Hydro-Elec— 96 1st s f g 63*s 1944 F&A 100M Lower St Lawrence Power— 1st s f 5s ser A 1955 A&O 103 Luneburg Pow L & W Island Gas & Electric— 25-yrs f 5Ms 1953 1103* 1133* Hydro-Elec Co (Italy)— f 7s 1952. 1073* 104 Louisiana Pow & Light Co \ 1st mtge 5s 1957 90 87 20 Montana-Dakota Utilities 55" 98 K 25 M&S 105 87 1053* Ref & gen 4s series C 1967-J&J Market Street El Pass Ry— See Phila Rapid Transit 5s 1950 "2" 573* 953* J&D Leipzig Overland Power— S f mtge 6 Mb 1946 R / 22 101 Lewiston Gas Lt 3 Ms C *56.A&O 109 Lexington Ry 1st 5s 1949 < Lexington (Ky) Tel— 1003* 103 Lexington Util 1st 5s 1952..F&A LexingtonWat PowCol st5s'68J&J 813* Conv deb 5Ms 1953 70 _J&J Lombard Elec Co (Italy)— 1st extl 7s 1952 Marion-Reserve Power— 1st mtge 43** 1952 A&O Maritime Electric 4Mb 1956-A&O Gen s f 5Ms 1956 A&O Maritime Tel & Tel— 73 53 M Iowa-Ill Telep 2-53*8 1949—A&O Iowa-Nebraska Lt & Power— Iowa Pub Serv 1st 5a 1957—J&D g f 5 Ms f 5Ms Middlesex & Somerset Trac— 94 Lockhart Power 4 Ms 1955.. 43 Interstate Telep Co— A&O 1103* Lincoln Gas & Elec 5s 1941 ' A&O 5s 1960 1073* 1113* 1945 impt 95 35 Milwaukee Gas Light Co— Dist Pow— 1st mtge 3 3*8 ser A 1966.-i Lancaster Co Ry & Lt 5s 1951 Lehigh Power Securities— Deb g 6s 2026 ser A ! Lehigh Valley Transit— Ref & 42 86 '51 ser A—J&J 1st M s 1952 ser B..J&J Mannheim & Palatinate Elec Cos 15-year s f 7s 1941 J&D / s 5s ctfs of deposit Lake Superior 1st extend 4s 433* 403* 283* Middlesex Elec Lt Pow 5s '55 J&J 77 1st extend 5s 1945 F&A Interstate Tel & Tel 5 Ms 1953J&J Investors Telephone 3s 1961-J&J Iowa Electric Co— 1 53 60 96 M Debentures 6s 1955 .J&J International Power Sec Corp— 6M% sec bonds 1955ser cf J&D Interstate Pub Serv Co— 1st & ref 6 Ms 1949 ser B-J&J 1st & ref 5s 1956 ser D J&D 1st & ref 4 Ms 1958 ser F—M&S Interstate Rys 4s 1943-F&A 12 90 43 643* 13* 1957M&S F&A 10 —_ 893* 6s coll notes ser A 1942. 83 M 32 1st mtge 5 Ms 1959 Debenture 6s 1960 1083* 80 8 7 94 s 6s / / / 19 M&S IstM 1951. 19 81M Certificates of deposit Intercontinents Power Co— Debs A 6s 1948J&D / International Hydro-Elec System Isarco 5s A&O r Deb 5s 1968 105 1053* 11 4 40" Income deb 6s (w-s) Works— Water 50 18 Inland Telep 1st 6s 1948 A&O Interborough Rapid Transit— 1st & ref g 5s '66 op tax-ex.J&J Ceitificates of deposit 1st mtge 4s ser E 1955 993* 102 50 18 s 6 1003* 1003* Inland Pow & L ser 92" 1043* F&A Certificates of deposit Sinking fund deb 7s 1938.F&A Iowa El Lt & Pr 7s 98 106" 166 60 Kokomo 42 2 2d gold 4s 2013 J&D Manila Elec RR & Ltg Corp— 1st lien & colltr 5s 53 M&S Miami PowerPur ch money 6s g 1997. _/ ° KingsCoElev—See Bklyn-Qu 102 A 1961 1053* 1013* 983* 983* Kings County Elec Lt & 100 ser 95 Keystone Telephone Co- J&J 1st 4s 95 100 Secured 5s 1958 Inland Gas 6 Ms 1938 4% notes to 1946 10 32 1043* 1083* 1st M 5s 1961 78 28 91 107 „ US* 101 J&J Deb 5s 1955 126 Co— 61M 613* 1966 Indianapolis W W Sec Co— , 93* 18 15 40 A&O O f 7b ww 1941 s Market St Rv (San 104 4s serial notes 1946-1948.-F&A Sec 7s 1957 ser E Sec 7s 1952 ser F 1063* 1033* MB* 74 Kentucky Utilities Co— IstM 6 Ms Sept '48 sei 1st M 53*8 1955 ser F. 5s 1st M 5s 1961 series G. 102 Indianapolis Ry 5s, 1967-.--J&J Indianapolis Water— w w 283* 108 923* 923* 96 M 1093* 95 Gen Ref & gen 6-4 Ms ser 1st mtge 81 38 serial notes 1939-1941..F&A 3 Ms serial notes 1942-1945 F&A Conv deb 6s 1944 112 Kansas Power & Indiana Telep 5s A I960 97 Indianapolis Columbus & South¬ 60 ern Traction 1st 6s 1948.-F&A Indianapolis Gas 5s 1952 A&O f 81M Indianapolis Power & Light— 33*s 1st mtge 1968 1083* F&A Internat'l Pow Ltd 6Ms Deb 6s 1957 6 1243* 1053* 1023* A_.M< 1980..—-_J£ mtge 4 Ms 4 f 6 Ms serA 1941 A&O 1st income 3-6s 1957 w s An Oct s 1st M 1033* 273* Kansas Power 103 3* 96 J&D J&J Certificat es of deposit Conv g 7% note 1932 33 105 1st mtge 33*s ser A 1966.J^ Kansas Gas & Electric— 94 M 94 1st & ref M 5s Jan 1. 1950.J&J 1st 1 & ref 5s 1963 F&A Indiana & S W Gas & Util— 6% notes 1932 30 3 110 F<! Kansas City Pub Service— 1st ref 4s series O 1957----J 103 M 100 M 100M Indiana Ry & Lt 1st 5s 1943-J&J Indiana Service Corp— Coll tr 1053* 973* 97 1063* Terminal— Manchester 1st Ask Manitoba Power Co Ltd— Hob & Pat—See P S Dec 1st 6s series A 1942 1053* 102 3* Indiana & Mich El 5s 1957--F&A 1st & ref 5s 1955. M&S Indiana IT 1st 7Ms '41 A .M&N , 103 1053* 1023* 1023* 102 M 105 Indiana Hydro-Elec Power— 1st mtge 5s 1958 ser A M&N - 963* M&N Manhattan Ry con 4s g '90..A&O Cent Hanover Bk ctfs of dep. 46 Kansas Elec Power— 1st M 6Ms 1953 series B..F&A 1st M 5s 1951 series O M&S Indiana Gas Utilities 5s 1946.J&J 1st mtge 3 Ms 443* 1043* 1123* 59 56 453* -J 1967 Johnstown Traction 4s - 1940 Quebec Power— ser A 1959 f 4s s 2d income 4s 1963 w s—Ann 110 1013* 1013* B...M&S 2-6s, Jer City 101"" 1093* 1113* 443* 1st & ref 5s 1947 ser B— 100 100 433* 23* / Income 2-6s 1967 J< James River Bridge System— 993* 99 M 13* River Bridge Corp— James 105 Indiana Assoc Telegraph— 1st mtge 4 Ms ser B 1965. A&O 107 Indiana Central Telep Co— 1st lien coll 5 Ms 1938 M&N / 70 Indiana Electric Corp— 103 1st M 6s 1947 series A—M&N notes 1st Macon Ry & Light 1st 5s *53-J&J Madison Rys 1st g 5s 1936--M&N 93 104 1st & ref 53*s 1954 ser B..J&D 1st & ref 58 1956ser O J&D S f deb 53a» 1957 M&S conv 393* Macon Gas 1st mtge4Ms '52. J&D III Community Tel 6s 1949--J&J Illinois Power & Light Corp— 1st & ref 6s 1953 series A. .A&O 6% 383* 63 (without warr). Deb 6s Bid Bonds Ask McLaren Superpower Corp— Italian 111M Bid Bonds Ask 1st mtge 33*s 1966 J&D Houston Natural Gas Corp— 1st m coll 68 '43 with warr.J&D Hudson Co Gas 5s g 1949--M&N Hudson River Trac 6s 1950.M&S 1st mtge 5s 1960 ser bonds possible for th» closing day of the month preceding the date of Issue Interest" except where marked "V* and income and defaulted Quotations for all securities are as near as Bonds 75 BONDS UTILITY PUBLIC June, 1939] n — — deb reg 1939 s f 3 3*s 1956 1st & coll 33*s 1963 1st & coll 33*S 1973 Nominal, r Canadian price. J&J F&A J&J J&J 503* 503* 1033* 1023* 1043* 102 1023* 1033* 76 PUBLIC UTILITY BONDS bond pricii are "and interest" except where marked "f" and Income and defaulted bonas Quotation* for all securities are a* near a* possible for the closing day of the month preceding the date of Issue NOTICE—All Bid Honda Montreal Tramways— 1st & ref g 58 1941 opt Ask 95% 95% 70 70 75 79 70*" J&J Gen & ref 5s 1955 series A. A&O Gen & ref 5s 1955 ser B A&O Gen & ref s f 4%s '55ser O A&O Gen & ref 5s 1955 ser D.A&O 75" 105% Morgantown Water 5s 1965..J&J Mount Hope Bridge 5s 1969.J&D 77 / 2d income 8s Dec 15 1969 Mountain States Power Co— 1st & ref 5s 1938 —J&J 22" 18 _ 1st M 6s 1938 series B——J&J Mountain States Tel & Tel— ' 99% 99% 101% 100% 110% 111% 90 Cons g 5s 1953 opt 1908—J&J Ref & ext gold 5s 1958 J&J 101 stamped 1978 J&J Nat Gas & El Corp 5s 1953.F&A 5s series B 1947 J&D Nat Lt & Pow 68 1949 M&N Nat Pow & L deb 6s 2026 A.F&A Deb 6s 2030 ser B M&N National Public Service Corp— Debenture gold 5s 1978.-F&A Certificates of deposit Nat Toll Bridge 6s stmp '39.J&J Nebraska Pow 1st 4%s 1981.J&D 92% / 93 Amsterdam Gas—See N 9 V* 91 108% 102% Deb 6s 2022 M&S Nev Calif Elec 1st 5s 1956.—A&O Deb 6s July 1941 J&J New 2 88% 89 / / / " 109% 102% 35 37% 38" % 109% 121% 77% 110% 123 98 , 78% 100 124% —— 119 New Brunswick (NJ) Lt H & Pow 4* Dec 15 1939 J&D 100 A&O 109 5.5 67 67% 66 67% 65 95% 98% M&N New England Tei & Tel— 1st 5b 1952 series A 1st 4%s 1961 ser B Newfoundland Light & 1st s f 4%s 1956 New Haven Water— 109% J&D M&N 126% 126% Power— J&J r 1st M & lien 5Mb 1957 ..M&N North Shore Gas Co of Illinois— Joint 1st mtge 4s ser A '42. J&J 1st & ref 4 %s B 1970 109% 128 115 A&O M&S M&N N J & Hud RIv Ry & Ferry— 1st gold 4s 1950 M&S N J Pow & Lt 1st 4%s '60..A&O New Jersey Water Go— 1st mtge 5s 1950 F&A New Mex Gas conv 5s 1951 M&N 1981 115% 60 107% 102% 101% 110% 117" 64 108 102% New Mexico Power— 96 1st mtge 5s 1958 —J&J New Orleans City & Lake— 1st. s f 5s 1943 J& l 106% New Orleans City RR 106 5s*43 J&J New Orleans Pontchartrain Bdge 1st s f 7s 1946 M&S / New Orleans Pub Service Co— 1st & ref 5s 1952 series A..A&O Northern Indiana Pub Serv— 1st & ref 5s 1966 ser O M&N 1st &ref 5s 1969ser D-.__M&S 18 1st & ref 5s 1955 series B-_ J& D 6s 101 Nov 1949 ser J&J A—J&D Newport & Fail River St Ry— Consolidated 4 %s 1954 J&J Newport Gas Lt 5s A 1961.-J&D Newp News & Hamp Ry G & E— 1st & ref 5s 1C0 :::: 100% 18% 10.5% 101% 100% 105 104 105 Northern Okla Gas 1st 5s '46.J&J Northern Penna Power Co?— 1st & ref 5s 1956 ser A_i_J&D 1st & ref 5s 1962 A&O Coll tr 90 96 1st 1 & ref 3 %s ser D 1965.A&O 1st lien & ref 3 Ms ser E'66 A&O N Y Gas Elec L H & P Co— 109% 110% 1st g 5s Dec. 1 1948 J&D Pur mon coll tr 4s 1949—F&A 125% 117% 141% 119% 114% 115% 5s *95 J&J New Amster Gas 6s 1948.-J&J NY & ER Gas 1st g 5s *44-J&J g J&J NY&Westch Ltg 4s 2004.-J&J Deb g 5s 1954 op guar..J&J N Y Power & Light Corp— 1st mtge 4%s 1967 A&O N Y & Queens Elec Lt & Pow— 1st & cons M 3 Ms 1965.-M&N New York Rys Corp— Prior lien 6s stpd 1958 J&J AdJ income 6s Jan 1 1965..Apr Bleeck St & F F 1st 4s '50.J&J / B'way & 7th Ave 5s 1943. J&D / N. Y. & Richmond Gas Co— 1st ref M 6s 1951 ser A..M&N N Y State El & Gas Corp— 1st mtge 48 1965 1st M 4Mb 19801st 4Mb 1960 New York State Rys— 1st con 4Mb 1962 ctfl? 1st con 6 Mb 1962 ctfs $ Called Aug. 1 at 100. 62 6s stamped 1945 Elevated 109M 109M 120% 115% 110% M&N F&A 75 98% 103% 97 Deb 5s 1,956 Oberpfalz Elec 7s 1946 99% 104 100 107 103M 106% 9% 102M Pennsylvania Gas & Elec Co— 1st 1 & ref 5Ms '55 ser A..M&S 1st L&Ry 5s 1958 M&S Pennsylvania Gas & Elec Corp— Deb gold 6s 1976 ser A...M&S Pennsylvania Pow & Light Co— 1st M 4Mb 1981 ...A&O Pennsylvania State Water Corp— 1st coll trust 4 %s 1966—M&N Penn Telep 1st M 4b 1965._A&O Penn Water 1st 3 Ms A '67--F&A Penn Water & Pow g f 5s '40. J&J 1st ref 4 Ms 1968 ser B M&S Penn Wat Serv 5s 108 10 10 M iT M&N Ohio Assoc Telep 4Mb 1966.J&D Ghio Cent Telep 1st 6s *47.-J&J 83 M 73 102 M Peoples * 104 73 % 76% 19M 108M 105M 109*" 101 103*" Cities Water Corp— 1st M coll tr 5 Ms '53 ser A.J&J Gas ser A '67-F&A (N J) 1st 5s '68.J&D Ists f 5Mb I960 102M J&D Peoples G & Fuel 6 Ms ww'37 A&O Peoplo's G L & Coke, Chicago— 1st cons g 6s 1943 A&O Refunding gold 5s 1947--M&S 1st & ref 4s 1981 ser B J&J 1st & ref mtge 4s ser D '61- J&D Mutual Fuel Gas g 5s' 47 M&N Peoples Light & Power Corp— 1st lien 5Ms 1941 J&J - 87 M. 4s *65 M&N 107M 1st mtge4s 1967 M&S 1st mtge 3 Mb 1972 J&J Ohio Elec Pow 1st M 5s '57-J&D Ohio L & Pow 1st 5s 1944.-M&N 108M 107% 104M 88 M 107% 108% 108% 105% 106 106 105% 108% Pennsylvania 100 106 F&A J&D f 1945 66 19 Penn-Ohio Edison Electric Co— 1st & ref 4s 1971 ser F M&N 1st & ref 5s ser H 1962 A&O Conv deb 5s 1979 94 84 84 M 104% 101 107 106 102% 106M 80% 76 80 14% 116% 115% 97% 98% 115 101 J&J 12 J&J 84% - Peoples Light & Power Co— 1st lien coll 3 6s 1961 Peoples Telep (Butler, Pa)— 4s 1960 J&D Peoples Tract—See Phila R T Peoples Water Service (Md)— 1st lien 6s A 1949 w w—F&A 98% . Deb g 6s 2024- J&D 1st mtge 3 A&O Ms 1968 116M 109M 110" 1st mtge 4s, 1962 Notes— F&A 108% 3s 1939-1940 F&A 103 109 Prior lien 5s 1948 F&A —F&A F&A con 5s 1948 1st & ref 5s 1950 101M 100M 100 M&N M&N 104 101% J&D 104% Ardmore Street 5s 1958. _A&0 6 Duquesne Lt 1st 3Ms '65. J&D Duquesne Trac 1st 5s '30-J&J Pittsb Rys 5s 1953 A&O 2d Ave Tr 1st 5s 1934 J&D So Trac 1st & coll tr g 5s'50A&0 109% United Trac 5s 1997 ctfs.-J&J 5 West End Trac con 5s '38.J&J 100 100M Ohio Term (Cleve) 6s 1947—J&D / 38 Ohio Valley Gas Corp— 1st 6Ms 1943 (with warr)-. 82 7 Ms 1943 71 J&J Ohio Valley Water 5s 1954 J&J 107 7% Ohio Water Serv 5s A 1958,F&A 101M 103% Okanagan Tel(B C)5Ms *56-J&J 103 104 J&D 109 J&D 105 109M 105% mtge 5 Ms 1972 F&A Phila & Garretsford St Ry— 1st 5s 1955. F&A 1951-M&N 105 M 106 107M 108% 100 M 101M 101M Philadelphia Rapid Transit— Coll tr g 5s 1957 opt s f—F&A 8 f guar 5s 1962 M&S 6s gold 1962 M&S Oklahoma Natural Gas— 104 102% 103 M&S M&S 104 104% Ontario Pow 5s *43 op to *13-F&A Ontario Transmission Co Ltd—- 1st extd 4s 1947 1st gu g 5s '45 opt bef 104% 67 M J &J '16-M&N 1st m r e 6s 1944 J&J Best Mantua 1st extd 59 %sl967—M&S 68% 63 112»a2 114 / This price includes accrued interest, 8 7 112 112 52 77% 72 79 91 20 & Fairm— 5Msl939 M&N / Market Street Elev Pass M&N 50 Ry— 1st g gu 4s 1955 Union Traction— Elec & Peo 4s tr ctfs '45-A&0 / People's Traction Co— P P Ry tr ctfs 4s '43-F&A Union Traction 4s 1952-J&J b Basis. 75 Elec Power Co— 1st Darby Media & Ches St Ry— 1st 4Mb 1936 J&J 7% 7% * Called June 1 at 104. 1st & ref mtge 3 28 4 Omaha & Council Bluffs St Ry— F&A 26 12 Philadelphia Electric— Philadelphia 100M 104 F&A Company— Secured gold 5s 1967 J&J 1942. M&N Philadelphia Ohio River Bridge & Ferry— 5s consol 48 1948— 1st 3%-3%s 1941-42 3Ms 1943-1944 91 Peoria Water Works Co— ist Ohio Public Service Co— 1st 5s series B 1949 F&A Oklahoma Ry 1st &ref 5s '41-J&J Income 5s 1990 Apr 1 Old Dominion Pow 5s May 15 '51 30 9 14 17% Nova Scotia Light & Power Co— 1st M s f 4s 1957 J&D NY PA NJ Utilities- 1st mtge 4M8 ser A 106 95 60 80 Northwestern Utilities. Ltd— 1st ref 6-7s ser A 1949 _J&D 1st mtge 3 Ms 1966 Debentures 4s 1946 110% 104 57 110 73 113% 7 7 M&N Penn-Jersey Water— 1st coll 5%s I960. Oklahoma Gas & Electric— 106% 15 125 16M 103% M&N / M&N / Paterson Ry—See Pub Serv Corp Pecos Valley Gasext6%s '44M&N Conv deb 5s 1946. M&N Oklahoma Power & Water— 1st M 5s 1948 ser A -F&A 117 106 106 & Passaic Gas & Elec consol gold 5s 1919 M&S Paterson & State Line Traction— 5s 1964 J&J 79 M&\ 4s 1945-1947 145 109% 110% 102% 56 Certificates of deposit... Northwestern Pub Serv Co— 1st M 5s ser A 1957 J&J N'western Telov 1 st 4 %s '44-J&J 1st 117% 19% 86 1 '69 82 • 110% 112% 1st & ref 6s ser C 1947 M&N 1st & ref 5s series D 1954-J&D - con 60 112% 112% 111% 109% 26 6s series B 1950 F&A Northwestern Power Co Ltd— 1 1st M s f conv 6s '60 ser A.J&J Ohio Edison 1st & 27 42 Co— Deb g 6s 1950 ser A ex-w.M&N Deb 5 % s 1959 ser B F&A Penn Public Service Corp— F&A M&S (Chic)— 1st mtge 5s 1941 opt M&S Union El (Loop) 5s g'45„ A&O Northwestern Light & Power— 5s 43 Paterson 1st Northwestern Gas Refmtgle3%8serB 1966.-A&O 1st & ref 4 Mb 1977 5s 1979 105M 105 M opt—J&J / S f reg income 3-6 Ms May 1st 103% 102% Serv— deb 6s 1950 M&S PacificPower & Light Co— 1st M 5s 1955 -F&A Pacific Teleph & Telegraph— Valley Power & Light Co 1st extended 6Ms 1950.-M&N Non-cum inc deb 6s 1950. M&N Penn Central Light & Power Co— 128 N'west Cities Gas 6s 1949—J& ' / Northwest Louisiana Gas— 1st M 6 Mb 1936 with warr. J& - f 105% 1945 f g 5s 1940 Utilities Co— 1st lien 4-6s 1968 102 5s 106 106% 105M Northern 95 104 101 Con * 105M 102% M&N 1967— 1st mtge 3Ms 1964 Northern Texas Elec Co— 105 94% 1952 J&J N Y & East River Gas—See NYGELH&P New York Edison Co— con 108 102 3 Ms J&J Pub Conv Ref mtge 3 %s ser O 1966-J&D Parr Shoals Pow 5s 1952..-A&O Paterson Ext extd 5s 1950 J&D 130 & ref M 98 M 103 M Pecos 1st lien & ref 7s 1946 A...M&N 1st lien & ref 6s 1947 B M&N 106 101 5s Ed El 111 N Y 87% Ohio Power Co— M&N New Rochelle Wat 5%s *51-M&N 1st 5s series B 1951 M&N N Y Cent Elec 1st 5%s '50-M&S 1st 57 1st & ref M 3 Mb ser 11966. J&D Pacific Light & Power Co— 1st 5s, 1942 Pacific Northwest 53 M Northern N Y Utilities Inc— Ohio J&J 1944- Newport Water 5s 1953 105M 105M 104M 1st & ref M 4 Ms 1970 ser E J&D Nor Indiana Telep 4 Ms '55.M&N Ogden 104% 105% Inc 68 86 M 56 North Texas Co 3-6s 1957 J&J N'eastern Wat & El 6s 54--F&A t 100 100 Northern III Water 6s 1952 J&J North Ind Gas & El 6s '52.-M&N 107M 1st & ref mtge 5s 1943.M&S Pacific Gas & Electric Co—1st & ref M 6s 1941 ser B.J&D 1st &ref M 4s ser G 1964. -J&D 1st & ref M 3 Ms ser H *61 J&D - 3M 106M 128 102 1st & ref 4%s C * 100 104 M Northwestern Electric— 4%s 1983 stamped 1942 106 % 107M 52 M 67 95 New England Power— 3 Ms series A 1961 106 106 F&A F&A 107 4s debentures 1959 F&A Nor Amer Gas & El6s 1949..J&J / 31 North Amer Light & Power Co— S f deb 5Ms 1956. 99 —J&J 67 67 98% 105M Refunding 5s 1961 M&S Angeles Pacific Co— 1st rer g 4s 1950 opt '15—J&J Los Angeles Pacific RR— 89 M 98 Los 3 Ms debentures 1949 1st M&S New Engl Pow Assn 5s 1948.A&0 Deb 5%s 1954 J&D Pacific Coast Power 5s 1940-M&S Pacific Elec Ry g 5s 1942 J&J Northern States Power Co— J&D M&N Convertible deb 5s 1962—J&J Deb g 5s 1947 Conv deb 5s 1948 Oonv deb 5s 1950 56 49 49 M Serv— 1st mtge 4s 1961 J&J 1st mtge 3Mb 1969-— ..M&S Ozark Power & Water Co— 1st s f 5s 1952 ....M&S 110% 1st & ref 3 Ms 1966 M&S Niagara Lockport & Ont Power— 102 Newcastle (City of) W 5s '41 J&D New England G & E Association Ref & coll tr 3-3 Ms '39-'48 A&O Ref & coll tr 4s 1957 A&O Otter Tall Power Co (Minn)— Niagara Falls Power— Y G E L H & P Newark Cons Gas con 5s '48.J&D Newark Gas 6s Apr 1 1944. _Q-J 96% 1st coll & ref 5 Ms *48 ser A_ J& J North Penn Gas Co— 90 - 1st M 5s 1957 ser A J&D Ottawa El Ry 4Mb '48-'55.J&J Ottawa Light Heac & Power—• Boston Ltg Properties 103 M 3 Ms secured notes 1947 A&O North Carolina Gas 6s 48--M&N / 2 North Central Gas 5Ms 1955 A&O 100M North Continent Utilities Corp— National Electric Power Co— 5s 102 M North 100% Nassau El RR—See Bklyn Queens Nassau & Suff Ltge 5s 1945—F&A 105% See N Y Gas Elec Lt & Pow 3Ms debentures 1954 Un Tel 1st 5s 1951 M&N Nashville Railway & Light— 1st M 5s 1951 ser A M&N N Y & Westchester Lighting— —— M&S 96 M Ref mtge 3 Mb ser B 1967--J&J N Y Water Service Corp— 1st & ref 58 1955 ser A Bid Bonds Oregon Elec Ry 3s 1958 Oregon-Washington Water 105 M North American Co— Narrangansett Electric Co— 1st mtge 3%s 1966 .—J&J Nashville Gas & Heating Co— Ask 101% 110% Nippon Elec Pow Ltd (Japan)— 1st mtge 6Mb 1953 J&J Norf & Ports Bdge 6Ms '47—F&A 109% 30-yr 3%s debs 1968 J&D 105% Muncie Wat Works 5s 1965.M&N Municipal Gas & El Corp of Recklnghausen 7sl947 —J&D / 20 Mut Fuel Gas-See Peoples GL&C Mutual Un Tel—See West Bid Bonds New York Steam Corp— 1st mtge 3 Mb gtd 1963 J&J N Y Tel 1st 4Mb *39 tax ex.M&N k Last sale, n Nominal, r 92% 8% 10 92 Canadian price. PUBLIC June, 1939] 77 BONDS UTILITY 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 NOTICE—All bond Bid Bonds Phila Suburban Water Co— 1st s f 4s 1965 M&S Phila & West Chester Traction— J&J 1st 6s 1954— J&J Phila & Western Ry 5s 1960-J&J Piedmont Hydro-El Co (Italy)— 1st & ref b f 6M» 1960ser A A&O Pinellas Wat Co 5 Ms 1959.M&S Pitts Canonsburg & Wash 5s 1937 Pittsburgh Rys—See Phila Co Pittsburgh Suburban Water Serv 1st 4b 1954 - M&S 1st 1 & ref 5s 1958.. Pittsburgh Trac 1st 5s 1927-A&O Plainfield-Un Wat 5s A '61.M&M Platte Val Tel 1st 4Mb '58.-M&N Pomerania Eiec 6s 1953..M&N Pt Henry L H & P 1st ,5s '46-F&A Elec Pow 6s 1950.M&S Portland Ask 108 109m 4m 46 103 107 102 22 20 M Portland (Ore) Gas & Coke— 1st & ref g 5s '40 opt '20.-J&J 1st l'n & gen 4 Ms 1940—J&J 76 Portland Gas Co 1st 5s 1951 -F& A 105 77 77 107 L 5s A'50 A&O 94 96 Portland (Me) Gas Portland General Elec Co— 1st & ref 4Mb 196u M&S 71m 1st M 5s exten to 1950 J&J Portland (Me) RR 3 Ms 1951-J&J 1st 1 & Con m 5s 1945—M&N Porto Rican Power 6s 1950.M&N Porto Rican Rys Ltd 5s 1962M&N 106 Porto Rico 71m 103 Telep 6s 1944—J&D Postal Teleg & Cable 5s '53-J&J 73 96 m 75 98 15m 1st M 4Mb 1961 series F..A&0 Potomac Electric Power— 109m 107 x 110 1st 3 Ms mtge 1966 Power Corp of Canada J&J Ltd— B.M&S _.J&D Power Secur coll tr 6s '49..J&D 100 m Providence Gas 4s ser B 1963 F&A Provincial L H & P 5s '46.M&S 106M 104m 22 m F&A Public Gas &Goke 5s 1952.-J&D Pub Ser of Indiana 6s 1952.F&A Pabllc Service Co of N H— 1st mtge 3 Ms ser O 1960--F&A 1st mtge 3X» ser D '60--M&N 1st 3 Ms series E 1961 F&A 1st 3 Ms series F 1966 J&D Public Service Corp of N J— Elec 6s 1954 Prussian Trust certs 6% Camden Sub 109 110 109 110 106m 1946 J&J 103 153 Elizabeth & Trent 5s *62-A&O 1949—M&N 7s extended 1941 Richmond (Ind) W W 1st M 5s 1957 Richmond (S I) Lt & RR F&A Cor^- 1st coll tr b 4s 1952 J&J Rio Grande Valley Gas Co—, 1st mtge 5s 1950 .-A&O Roanoke (Va) Gas Light— 1st 5 Ms 1951 F&A Roanoke Ry & El 5s 1953—F&A Rochester Central Power Corp— Deb g 5s 1953 M&S Rochester Gas & Elec Corp— Gen mtge 4M« 1977 ser D.M&S 5s series E 1962 M&S 111 112m 22 20 M&N / 1m M 48 series 106 106 m 103 86 M 99 m 62 110m 83 m 64 m 90 87 84 m 100 m 104 113 91 100 ser A ser f §1M 101 95 73 mm mmmm 2d 5s g Shenango Val Water 4s B*61 A&O Shinyetsu Elec Pow (Japan)— 1st sink fund 6 Ms 1952 J&D Shrevp't Bdge & Term 5s'55.F&A Shreveport Rys— Gen income 48 (w-s) 1957-A&O 103M 103 r 104 103 M mm mmmm 1933 ct£s of dep—J&D 103m 103 m 104m 104m J&J & Basis. 64 m 66 65 65 m Standard Public Service Corp— 1st lien 6s series A 1948 F&A 59 J&D B 25 98 103 22 m J&J 102 City (la) Serv 6sl951-J&J 100 3 Ms 1945 M&S Ms May 1 1960.J&J 1st M & ref 48 Aug 1 '65. F&A Southern California Water— 1st M 4Mb 1960 A&O A&O 71 13 107 74M 76 118 127 16 4 50 96 H 88 65 102 M 106M 106 X 109 % Terre 1st 111 111M 103 n 104 10m 109M 110M 110 Haute Traction & 99 m 82 100 M g 99 m 45 107 x J&D F&A F&A 101m 103 m Texas Consumers Water— 107 108X oo CO-v| 101M 103 108 1st 6s A 1939 A&O Texas Elec Ry 5s 1947 J&J Tex Trac 1st 5s 1937 opt.-J&J Texas Electric Service Co— 1st mtge 5s 1960 J&J Texas Gas Util 6s 1945 6 3m 3m 103 X 24 m A&O -.M&S 105m 1st & ref 5s 1956 M&N Texas Pub Serv 1st 5s (w-s) 1961. Texas Traction Co 5s 1937-_J&J 100 m 57 42 r Canadian price. 4m 4m 104 21M 23" 82 m 99 m Corp— A&O M&S General 6 Ms 1956 M&S Texas Power & Light— Deb g 6s 2022 ser A J&J Nominal, 46" 108M 103 m 1st mtge 6s ser A 1956 Texas Pow Corp 6s 1956 n 100 m 100 m 100 Light— M&N 5s 1944 Terre Haute W W Corp— 1st M 6s 1949 s or A 1st M 5a 1956 ser B Texarkana Wat 1st 5s '58 con 84 99 1st & ref 5s 1956. J&D Tenn Pow gu 5s 1962 opt..M&N Terni Hydro Elec 6Ms 1953.F&A 109M 74m 82 Ref s f 6s series A 1955 M&N Tennessee Electric Power— 1st & ref 6s 1947 ser A J&D 101 90 85 73 m Tennessee Eastern Elec Co— 1st M 5s 1943 F&A 40 17 4m 51x 82 1st 5s 1961 A&O Telephone Bond & Share CoDeb 5s 1958 J&D Telephone Service (Ohio)— 5s 1953 M&N Temescal Water 1st 5s A '60 M&N 1st 2-6s 1951 Texas Hydro Electric k Last sale, 60 95 105m 101M Southern Bell Telep & Teleg— 3 Ms debentures 1962 A&O Southern California Edison 1st & ref mtge 4a 1960 M&S 62 58 23 55 / This price includes accrued interest, —F&A 64 X 21 106 4Mb 1962 64 m 65 m 65 A&O Sutter Butte Canal 6Mb '43.M&S Syracuse Gas g 5s 1946 J&J Syracuse Lighting 5s g 1951-J&D Syrac Rap Tr 1st g 5s 1946.M&S 2nd mortgage 5s 1930 J&J Taiwan El Pow s f 5 Mb 1971-J&J Tampa (Fla) Gas 5Ms '56--A&O 100 Southern Canada Power—- 103 63 X 64 m 64 21 58 105m Ref mtge 3 Ms ser B I960—J&J Southern California Gas Co 1st & ref 4Mb 1961 M&S 80 63 X F&A J&D 48 24 % 79 100 m . _J&J Mtge g 4s Dec 1, 1943 J&D South Bay Consolidated Water 1st ref 5s 1950 M&N South Carolina Power Co— 1st lien & ref 5s 1957 J&J 35 119" Standard Power & Light Corp— Deb g 6s 1957 F&A ser 105 m Stettin Pub Util 7s 1946 A&O Steubenville Wellsburg & Welrton 55m 24 x 24 m 83 32 70 24 82 104m Telephone Co— 1st 1 coll tr 5M« '43 ser A.M&N Conv deb 6s 1938 M&N 24 103 m 101m Ry 1st 5s 1951 1st & ref 5s 1960 ser A M&S 1st 5 Ms ser B 1957M&S Silesia Elec Corp s f 6Ms'46 -F&A Sioux City Gas & Electric Co— Debenture 105 A&O A&O 6s stmp ext May 1 '48 Debenture 6s 1951 Debenture 6s 1966 1st lien 6s 1948 Sierra Pacific Power Co— Ref mtge 3 65 m 108 Standard 24 38 mm 101M S'eastern Indiana Pow 6s '43 M&N S'eastern P & L deb 6s 2025-M&S 55 Convertible notes— 6s stmp ext May 1 '48 6s gold debs 1957 4M8'67 serA A&O 30 123 x 105 mm 100 22 M 23 70 Standard Gas & Elec of Delware 70 48 27 105m 71 69 58 103 m 84 m 21M 73 70 100 20 108 Co— Serial deb 5s 1942-46 92 X 108 m M&S - 83 m 82 A&O 1st coll tr 4Ms 68 ser B.M&N 1st coll tr 4 Ms ser D '70-A&O 1st coll tr 48 ser F 1961—A&O Sioux 107 X Telep Co— 51 F&A M&N / ; 104 m 104 92 Southwestern Public Service Co— 1st M s f 6s 1945 ser A J&J 18 103 A 5s'59.A&0 1st mtge 4s 1966 Serial deb 3s to 1941 108m 103 X 103 m F&A B 56 m 101M 106M Corp 6s 1946. M&S Shawinigan Water & Power Co— s ser 103m 107 m M&N Light & Pow Co— ser A. F&A 1st M 5s 1957 1st M 5s 1957 8 69 69 110m 108m 1st & ref M 3s ser C 1968--J&J Southwestern Gas & Elec Co— A&O D—Q-Jan 96 South Jor G E & T—See Pub Serv ice Cor P Southeastern Gas & Water Co— 1st lien 6s 1944 J&D 37 1st lien 68 x-w 1941 J&D 60 71m 67 Spokane Falls & Nor 6s 1939.J&J Spokane Gas & Fuel 5s 1944-F&A Spring Brook Water Supply— 1st ref 5s 1965 A&O Spring Val Util ref 6s 1943—J&D Springfield City Water— 1st mtge 4s ser A 1956 A&O Springfield (Mo) Gas & Elec Co— 1st mtge 5s 1957 ser A J&D Springfield (Mass) St Ry— Ref & gen 6s 1940 M&S Springfield Terminal Ry 7s 1942 Stamford Water 1st 5s 1952..J&J Stand Elec (Calif) 1st 5s '39.M&S Somerset Un & Middlessex Ltg— 105 103 6 1st 6s 1949 104 Second Ave Trac—See Phila Co— 1st M&col 89 x 48m Southwestern States 1st M 6s 1948 105m F 1955.M&S B1959 Seattle Lighting 1st 58 1944 108M 8* 89 47 M&S ser Income 3s Apr 1 1959 110 M 58 90 Southwestern Power'& Light— Deb g 6s 2022 series A M&S 136 1st & ref 5s series B1961-F&A 109m 100 87 (Okla)— .M&N S'west Nat Gas inc 6s 1966--A&0 S'west Pub Serv 6Ms 1937.-M&S / Southwest Telep 6s B 1947-M&S Southwestern 1st 4Ms 1958 Scranton Trans 107 x 103 39 96 Southwest Gas Co 1st s f 6s 1954 1st 4s series D 1960 105 Gen 3 Ms series H 1967—M&S Gen mtge 3 Ms ser I 1967.M&S Rochester & Lake Ontario Water extend 5s 1951 M&S Roch Ry cons 5s g 1930 —A&O mm 105 M&S Scranton-Spg Brook Water Serv— -- Queensboro Gas & El 5s '52-J&J Conv g deb 5 Ms '52 ser A_A&0 Republic Nat Gas 1st 6s 1954J&J Republic Service Corp— 1st coll trust 5s 1951 J&D Rhine-Ruhr Wat Serv Union— Extl deb 6s 1953 J&J Rhine-Westphalia El Pr (Germ'y) Mtge g 7s 1950 M&N Direct mtge 6s 1952 M&N Con mtge 6s 1953 F&A Cons 68 1955 —-A&O m,m. 102m Seneca Power Public Service Elec & Gas Co— 1st & ref M 3 Ms 1968 J&J 109m 1st & ref 5s 2037 149m 1st & ref 8s 2037 219 Public Utilities Consol Corp— 1st M 51948 M&S Secured conv 6s 1938 M&Sf 1st coll 4-5Ms 1948 A&O - 100 110 '52.J&J 106 Sayre (Pa) Elec 5s 1947. A&O 9 Schenectady Ry 1st 5s Mar 1, '46 f Scioto Val Ry & Pr 1st 6s '43. J&D 80 Public Service Co or Oklahoma— Puget Sound Power & Light— 1st & ref 5Ms 1949 J&D M&N 1st & ref 58 1950 ser O 1st & ref 4Mb 1950 ser D_J&D 5M% notes 1940 — F&A Puget Sound Tel 5s A 1952-J&J Quebec Power— 1st & coll 4s1962 M&S mm Savannah Elec Co 5s g 85 Puerto Rico El Pow 4s to '56.J&J ' Savannah Electric & Power Co— 126 Public Service Co of Pa— 1st lien & coll 5 Ms '53—J&D 115 '57-M&N f Seattle Gas 1st 5s 1954 to'44-A&O 1st mtge 4s ser A 1966----F&A Serial debs4s Feb 1 1946-.F&A 100m 110m Ry debenture 4Msl943-_J&D 59 m So Jeisey Gas El & Trac— Guar g 5s Marchl ,1953.M&S 36 Non-cum 6s (ws) 1951 Southern Utah Power Co— 1st M 5Ms May 1. I960..M&S Southside Va Pow5sl956__F&A 1st mtge 3Ms ser A 1961--J&D Santa Barb Tel 3 Ms ser C66 J&J _ Public Service Co of Nor 111— 1st mtge 3 Ms 1968 A&O 108m 99 x San Joaquin Lt & Power Corp— Unif & ref 6s 1952 ser B..M&S 104 J O Hob & Pat 4s 107 1st mtge 4sMay 1 1965._M&N San Diego Co Wat 6s A '62-M&S San Francisco Bay Toll Bridge— 82 Paterson Ry— 2d 6s'14 ext 5% 87 Southwestern Bell Telephone— 1 st & ref M 3 Ms ser B *64 J&D 77 Eliz & Raritan Riv 5s '54.M&N 65 107 1st & ref 5s 1967 Ry— 5s Dec 1, 1950—J&J g 102m 106m Scranton Gas & Water Co— 151 97 m 62 SoutMern United Gas Co— 105 A&O ser 127 92 to 96 1st & ref M 58 98 104 X 88 84 m A&O A&O 6s 1942—A&O 106m 1st & ref 4s 1947 105 m s f 4% serial notes Apr 15 1940-48- b 101X San Diego Consol Gas & Elec— Eliz Plainf & Cent Jersey 1st 10-year coll Sandwich Windsor & Amherstb'g 42 perpet—M&N 1st 5s 113 San Angelo Telep 1st 5s 1958 F&A San Antonio G & E 5s 1949.M&S 30' 39 99 125 1st 5s 1948.J&D 104 . Southern Trac—See Phila Co Southern Union Gas— 1st & ref 5 Ms series 1 1945 1st & ref inc 5 Ms ser 11*45 San Jose Water Works— 107 South N E Telep 82 67 1st 6s series C 1947 J&D Conv deb 6s ser A 1932 J&D / 5 Southwestern Assoc Telep Co— 103 m 1st M 5s 1961 A&O 1st M sink fund 6Ms Deb s f 7s 1942 105 103X 107 109m 104 m 104 m Conv deb 4Mb 1959 Ser Conv deb 5s ser A 1957 106m 97 X 1st M pipe line s f 4 Ms *51 A&O Southern Neb Pow 5 Ms B'47 J&J 109 106 F&A 6s 1940-1943 1st mtge 4s 1963 15m (Calif)— M&N Corp— 104 St Louis Springf & Peoria RR— 1st & ref gu g 5s *39 opt--J&D 98 107 m 103 Southern Natural Gas Adj mtge inc Jan 1 6s '60.A&O San Antonio Public Service— E—M&N Potomac Edison Co— 1st mtge 5s 1956 ser 48 m 104m. 105m St Paul Gas Light— Gen gold 5s 1944 -M&S Salmon RivPowguSs 1952 F&A Salt River Val Water Users Assn 107 101 oo CT>tO & 108m St Louis Co Gas 1st 5s 1951-A&O 75 30 47 x 104m Southern Counties Gas 1st M 4Mb 1968 40 104 J&D Saguenay Power 4 Ms A 1966 A&O 1st 4Mb series B 1966 A&O Serial notes 2M~4s to'46_.J&D St Clair County fill) Gas & El— 1st cons guar 5s 1959 M&S St Joseph Ry, Lt Heat & Power— 1st mtge 4 Ms 1947 J&D 3-4 Ms serial notes 1940-43-J&J St Joseph Water 4s A 1966--A&O Ask Southern Colorado Power Co— 1st g 6s 1947 series A J&J 57 55M 38 104 101 Gen M 4 Ms May 1948-- .M&N 1st s f 4s Oct 1945 A&O Safe Harbor Water Pow Corp— 1st mtge s f 4Ms 1979 102 m 12 20 1958.M&S/ S f4Msinc A notes Bid Bonds Squtbern Cities Utilities Co— 1st lien & coll 5s 1958 A&O „ Rumford Falls Power- 7 104 m 20 Corp— S f 4Ms IncB notes 1958_M&t>/ Rome (Ga) Ry & L 5s '46 A&0| Ruhr Gas Corp 6Ms *53 A—A&O / 33 43 44 m 101 • Transit Ask Bid Bonds Rochester 100 m 86 m 92 m 109 ' 109m 106 X 93 m 106 % 94 m 1 78 PUBLIC BONDS UTILITY NOTICE—All bond prices are "and interest" except where marked "f" and Incom* and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bid Bonds Third Avenue Ry (New York)—; 1st ref g 4s 1960 opt aft 14 J&J i Adj inc g 5s Jan 1960 opt.-A&O f Third Ave RR 1st 5s g *37--J&J / Ask 44 10 96 M 10M 97 M Washington Water Power Co 104 H 1st & gen 5s 1960— J&J Waterloo Ced Fails & No Ry— 1st Ms fg 5s 1940 6M J&J f Certificates of deposit f 6M Waukesha Gas & Electric Co Union Ry 1st 5s g 1942--F&A Westchester El 1st 5s g 43-J&J 65 55 60 Yonkors Ry 1st 5s 1946--A&0 Tide Water Power 1st 5s 79-F&A Toho Electric Power (Japan)-- 48 52 1st 97 M 98 West A—M&S15 71 1st s f 7s 1955 ser Tokyo Elec Light Oo (Japan)-— 1st g 6s 1953 series---J&D15 Toledo Edison 3 Ms 1968 J&J S f deb 4s 1948 Traction Term'l Corp 54 M 54 H 109 H 125M J&J Trenton G & El g 5s 1949.-M&S Trent'n Pass Ry 1st ext 6s 61 A&O 126 M J&D / 73 1962 J&J 108 103 M J&J 3% notes, 1942 "4M 62 M 61M 30 76M 108 X 103 X 98M _ 100 97 102 103" 62 _ 53 97 M Union Ry—See Third Ave Ry Union Traction—See Phila R T 103 47 107 77 M 115M 81 88 M M - — — 50 108M 77 M 115M 81M 89M 04 90 91 37 18M 29M 67 M 66 67M 28 89 M 99M 101 / Utah Power & Light Co— Deb 6s May 1 2022——M&N 6M 1st lien gen M 5s 1944—F&A 1st lien & gen M 4 Ms 1944-F&A -M&S / Utilities Power & Light Corp— Deb g 5Ms 1947——J&D / Deb 5s 1959 F&A / 5M 132" 102M 51 103 X 109 X 104 71 99 109M 3 Ms 1961 J&J Wisconsin Minn Light & Power t 101 Wisconsin Public Service 105M 109 X 68 X Alabama Power $7 pref 111 99 M 96 M 102M 95 103 M 130" 109 111 84 110 86 90 92 J Called June 1 at 102. Ex-dividend. 2% 7H 16M V% 35 M 4U 40 X 35M 50 76M 72 2M 36 43 103 112 142 47M 10M 32 M 34 26M 2H 5% 140 11M 39 1M 9M 50 23 ,21M 106 2 10C* 4 K 68 68 101 15M 15 96 M 88 M 145 98 75c 36 14K 115 111M 72 H 62 37 90 M 100 M 93M 80 98 M 94 IX .1% 3 100 % 101 X ——.100 100 Cincinnati Gas & Elec 5% pf 100 100 108 90 ...... Preferred. Preferred B ....... —.100 * ....—.* Cities Serv Pr & Lt 36 pref 19 IX 14 M if 72 * Nominal — Preferred BB 80 1M 14M n 3 100 Series 3 Series 4— - 15M k Last sale, 112 * 1—100 Preferred 100 Cincinnati Street Ry 50 Cincin & Suburb Bell Telep..-50 Cities Service com——.......10 29 /Flat price, ser Series 2 2 4X 39M 6 Basis. 136 Cine New & Cov Lt & Trac..100 15 ♦ —* Pref partic ctfs.. Chicago Rys partic ctfs 2 27 M 35 78 18 4 ..—5 c Cincinnati Gas Transp H3M * $6 p; pferred_ .... * $5 preferred.* Amer Public Serv 7% pref...100 American Service ¥3 preferred- .♦ Amer States Utility com— 1 25 v t Chester Water Serv 5Mi % pref-.* Chic City & Con com part ctfh—* 19 X 31 ——* 81 i* * 25 50c Central West Oo. 90 2X 18X 7H 16M X 34 H 113 * 100 6% preferred-.-..—....100 75X 58 Light com Preferred 100 Cent Ohio Lt & Pow 6% pf Central Pow & Light 7% pref * Central States Edison........-* Central States Pow & L 37 pf..* Cent Vermont Pub Serv 6% pf-* 82 78 ...... §i" 37 preferred —100 Central N Y Power Corp— 5% preferred 93" 89 81 74 X * preferred. Amer Pewef & --..100 Cent Indiana Gas 6M% pref-100 Cent Indiana Power 7% pref 100 Central Maine Pow 36 pref—100 .25 6% 64* lllH —50 Cent & S W Utll com Preferred.. Prior lieu preferred * 1st $6 preferred American Light & Traction. -.—-.* 1 26 91X * Amer Gas & Power com * 20 ...» 86 91 - com * Cent Illinois Light 4 M% pref. 100 Cent 111 Pub Serv $o pref---.-.* 101 120 * Warrants Brazilian Tr Lt & Pow ord 9*} --* Alabama Water Service pref. * Allegheny Traction—See Phila Oo Allentown Beth Gas pref 50 Amer & Foreign Pow com—...* $7 preferred. * $7 second 2nd pref series A * $6 cum pref... ♦ Amer Gas & Elec Ry com-...100 80 $5 preferred 22" Boston Elevated 100 - 4M% preferred -♦ §6 preferred Boston Edison Oo 80 105M 1M If* 4M 75 105 X 4 175M i20M Cent Hud G & El com.........* 100 7 100 —100 Beverly Gas & Elec —.25 Birmingham Elec 37 pref-..-..* 36 preferred. * Birmingham Gas common.. $3-5 ) prior preferred!50 36 preferred. 10 Birmingham Wat Wks 6% pf-100 Blackstone Vat Gas & El pref. 100 6%preferred 46 2 3M 3M * - — PUBLIC UTILITY STKS. 68M com Carolina Tel & Tel—..... Cent Arkan Pub Serv Corp pf 100 Central Elec and Tel com..—.-1 44 Wuerttemberg (Germany)—See Consol Hydro-Elec of Wyoming Vail P 8 6s 1971--A&0 Yadkin River Pow 1st 5s '41 A&O Yonkers Ry—See Third Ave Ry York (Pa) Gas 1st 5s 1941.M&N York Haven Wat&P 1st 5s'51 J&D York Rys 1st M ? 5s *37opt.J&D 5s stamped 1947 J&D 68 M ... 110M 101 Corp— 2% 37c 1.25 106 Light— 84M 21X v t c Capital Transit (Wash, DO) 100 Carolina Pow & Light 37 pref — * 36 preferred* 105 2% 7M 92 M * ...100 Preferred Canada Nor Pow com Canadian Marconi 110 2H 2 _ 110 4M 42 119 — 52 M 110 3M 32 M * ... 104M 104 100 Brooklyn Edison 100 Bkiyn Manhat Transit * 36 preferred series A * Bkiyn & Queens Transit com—.* 36 preferred * Bkiyn Teleg & Mess'ger (gu).100 Brooklyn Union Gas • Buffalo Niagara & East Power— 31-60 prior preferred 25 35 1st pref-» Cable & Wireless Ltd— Ordinary shares Amer dep rec 7M% A ord—£1 Amer dep rec B ord £1 Amer dep rets 5M % pref—£1 Oallf-Oregon Power Co— 6% preferred series of 1927 100 6% preforred .100 Oalif Water Serv 6% pref 100 107 itK 85 111 -lOO Class B ...—* Brockton Gas Light Co v t c—25 22 20c Bangor Hydro Elec com-... -25 7% preferred .100 6% preferred—.. .100 Bear Mt Hudson River Bdge_.* Bridgeport Gas Light Bridgeport Hydraulic Co Brit Col Pow Corp A—. 63 Wisconsin Hydro-Elec Co-— 1st M 5s 1947 ...A&O Wisconsin Michigan Power Co- $6 preferred. x 103 M 70 109 M Preferred 36 series July 1 at 105. 93 61 X 64M 63 H 99 M Wise Elec Power 3 Ms 1968-A&O Wise Fue & Lt 1st 5s 1948.-M&N Wisconsin Gas & Electric— Amer Superpower Corp com First $6 preferred--. No par value. ,99 165 H ^ Bell Telephone (Canada) Bell Telep of Pa 8 M% pref 90 103 X J&J J&J 68k 67 * \101 \98 101 A&O Winnipeg Elec 1st 4Mb 1960-J&J ...... Beauharnois Power 2 Washington Gas & Electric Oo- I Called 104 H 68 Wilmington Ry Bridge— 1st 5s 1943 92 M 93 1948— ..F&A 103 M 62M 98 M Co— M 5s Aug 1952ser A—.F&A 100 X 97 M J&D / 5 Vermont Ltg Corp 1st 5e'44 A&O / 15 Vesten Elec Ry 7s 1947 -J&D / 20 Virginia Electric & Power— 1st & ref M 3 Ms B 1968—M&S 110 Virginia Public Service Co— 1st & ref 5M® 1946 ser A—F&A 99 1st & ref 5s 1950 ser B J&D 96 M i01M g 13 Wiiliamsport Water J&J Original preferred— .* 34 preferred * 35 preferred * 30 preferred * 30 M preferred * 37 preferred ...» Option warrants Associated Public Utility * Assoc Telep Oo Ltd 31.25 pf—* Assoc Telep & Teleg 30 pref * $7 1st preferred.. 100 34 preferred * Atlanta Gas Light 6% prefAtlantic City Elec 36 pref Salt Transit Co v t c.—.... 87 Wat 5s *52. -J&D 102M Westphalia United El Pr (Germ) 1st M s f 6s 1953. J&J / 21M Wheeling (W Va) Electric Co— 106 1st M 5s 1941 opt M&N Wichita Water 6s 1949—M&S 105M 102 1st M 5s 1956 ser B_ F&A 104 1st M 5s 1960 ser O M&N mtge ... Glass A. 109 M 71M Mut Un 6s ext at 5%to'4lK.&N Western Utilities Corp— 15-year s f 6s 1952 M&N 91X Conv 6s 1933 M&N w 1960-F& A Washington Gas Lt 5s *60..A Wash Ry & El g 4s 1951.... Anacost & Pot 5s 1949-..j 1st guar 5s 1949j 99 94 95 M&N 100 M Utilities Public Service Oo— lst M 5s 19551st lien & ref 6s w 106 107 H Cum income 6s 1952 J&D Cum income 6s (w s) 1952-J&D - J<5 108M Westchester Service Corp—• 11 4s 1948-1953—A&O Western Cont Utll 6s 1944.-M&S / 1 Western Lt & Telep 5s 1954-A&O 101M Western Mass Cos— 104 X 3M% coup notes 1946-—J&D lOO" 21 97 102M 127 mtge 4s 1961 J&D Wolverine Pow adj 4 Ms Mar 1 '59 Worcester St Ry 5s A 1947. J&D Worcester Transit Association— Utica Belt Line Street Ry— 1st 5s 1939 M&N / 4 Utica El L & P 1st 5s 1950---J&J 120 Utica G & El ref & ext 5s '57 J&J 129 Co Bldg (Kanata Realty) 5s 1956—F&A 100 M Utica & Mohawk Valley Ry- City & Sub 5s 105 1st __ Wabash Telephone— 1st M 4Mb A 1956 102 H 1st mtge 4s 1961--. A&O Westchester Elec—See 3d Ave Ry Wehtchester Lt 1st g 5s '50—J&D Gen mtge 3 Ms gtd 1967—J&J lst 50 » 1st mtge 4s ser A 1966 i J&D 4s serial deb June 1 1940-1946. 4M 99 M 73 M 76 1st 6% preferred - 70 J&J Gen & ref 7s 1947 s cons in Power & . — 45 1st mtge 3Ms 1966-.-.— A&O 13 28M 26 66 Unit Trac (Pgh)—See Phila Co Unterelbe Power & Light Co—Sink fd M 6s 1953 A&O / Utah Lt & Tr 1st 5s 1944 A—A&O 1941 115 Gen 4-5s series A 1965 Gen inc 4-5s ser B 1965 Ltd—„ A 1952—M&N Coll s f 5Ms ser B 1952—M&N United Telep Del 6s A 1948 A&O United Tel & Tel 5Ms A '53-M&N 1st lien 6s ser B 1953——M&N United Traction (Albany)— f 5Ms ser 4Ms 120M 109M 114M Westmoreland 102 X 93 United Railways of Havana— Eq 7 Ms Feb 15 1936 F&A / United Rys of St Louts— Gen g 4s July 1 1934 J&J / City & Sub Pub Serv 5s '34-J&J / lst 108 X 120 West Penn Tr 1st 5s 1960 J&D West Phila Pass Ry— 1st ext 3 Ms 1956 A&O 2d extended 5 Ms 1956—.M&N West Texas Utilities Oo— 1st M 5b 1957 ser A ..A&O 62 M 80 Conv colltr 5 Ms B 1960—J&J United Rys Cos 4% ctfs '49.J&J / s 107 1st M 5 Ms 19501st M 5s 1951 . Arkansas Nat Gas common.....* Class A * 6% preferred. ..10 Arkansas Pow & Lt $7 pref ...» 6% preferred _* Associated Gas & Elec com ....1 Common class A.. 1 ....... 70 59 M 102 101M 100 X West Ohio Gas 6s A 1954— .J&D / 67 West Penn Elec deb 5s 2030.A&O 105M 105 95 > Coll 100 M 117M 90 99 tl02 - Western States Util 6s A '45.A&0 Western Union Telegraph Union Water Service Co— United Securities Co x 104 Western Pow (Oan> 6s 1949. -J&J Western Pr Lt & Tel 6s 1948 / 62M Western Public Service Go— 91 1st & ref 5Ms 1960 F&A 48 First lien 5MB '51 ser A-M&N Unit Elec Co of N J 4s *49- -J&D United Elec Rys (Providence)— Gen ref M 5s Jan 1951 ser A__ Gen ref M 4s Jan 1951 ser B— United Electric Service (Italy)-— Extl 1st s f 7s 1956 ser A--J&D United Gas & Fuel (Hamilton)— 1st s f 5Ms 1948 -J&J United Ilium Co New Haven— 1st 4s Feb 1 1940 F&A United Light & Power Co— Deb g 6 Ms 1974 M&N 1st 1 & consol 5Ms 1959--A&O Deb g 6s 1975— M&N United Xt&Rys(Me)6s A'52 A&O Deb 6s 1973 J&J Un Lt Rys(Del) deb 5Ms.52 F&A United Pub Utll Corp-— Conv coll tr 6s A I960-—-J&J .... ... M&N 1st 5s series B 1950—... J&J Deb s f 6s extd 1950 M&N _ 60 8 100 Western N Y Utilities 5s '46. J&D Western N Y Water Co— 97" American Telep & Tel eg ..100 Amer Utilitios Service com-..--* 6% preferred 25 Amer Wat Wks& Elec com.....* $6 1st preferred .* Appalachian El Pow 7% pref ..* 6% preferred .....* Arizona Edison com * Arizona Power $6 preferred * Arkansas Missouri Power— Common....... 1 8 Hydro-Elec— 1st 6s ser A 1950 J&J Conv deb 6 Ms 1945 J&J West Coast Telep 5s A 1953. J&J 1st 4s 1964 M&S West End St Ry—See Boston El West End Trac—See Phila Co Bridge 3M-6 Ms, 1960 West Va Water Service— Union Elev RR—See N W Elev Union Gas & El 1st ext 5s '40M&S Union Gas Oo. of Canada— 1st serial 4s 1939-42J&D 1st serial 4 M» 1943-45 J&D 1st 4 Ms 1950 J&D Union Gas System— 1st M & coll s f 5s 1948—J&D Union Passenger Railway— 1st 4s Mar 31 1961 A&O 2d ext 4s Mar 31 1960 A&O Union Pub Serv (Del) 6s *39-J&D 105 M 116 —J&J Bid Stocks West Virginia Ohio River _ _ 5s 1959 Canadian Ask West Penn Power— 1st M 5s 1963 series E....M&S 1st M 3 Ms ser I 1966 J&J 40 10 104M f 7s 1945 M&S15 Union Elec Co of Missouri— s 1st mtge & coll tr 3M& 70" 50 1968- -J&J / Tri-County Telep 4Mb B 56 A&O Troy City Ry 1st cons 5s '42 A&O 100 Troy Gas Co 1st 5s 1939--M&N Twin City Rapid Transit Co— 61M 1st lien & ref 5 Ms A 1952J&D 60 1st lien & ref 5 Ms B 1951--J&J Twin States Gas & Electric-105 1st 1 & ref 5 Ms 1945 Ser A.M&S Tyrol Hydro-Electric Pow Co-— 1st Ms f 7Ms 1955 M&N / 24 M Guar s f 7s 1952 -F&A / 24M tJJIgawa Elec Power (Japan)lst M 73 108 M 103 M 67 5s'57-^J&J Trenton St Ry ext 5s General 6s 1941 " Bid Bonds | 37 preferred 6= 50 4 46 64 * 64 Citizens' Pass Ry—See Phila R T Citizens Traction—See Phila Co Citizens Utilities com 17X r J7A 93 Canadian price 2X June, 1939] public Quotations for all securities Stocks Par Bid Stocks Ask Citizens Water Co of Wash (Pa) 7% preferred 100 City WateV Co (Chat) pref 100 City Water (New Castle) pref.100 Clear Springs Water pref— * Cleve Elec ilium 104 $4.50 preferred Cleveland Railway I* 75 3836 3936 113 17 114 10336 100 _ 105 20 63* 634 7534 & 79 73 7434 Columbus & Southern Ohio Elec 6% preferred A 634% preferred B 100 100 Commonwealth Edison Co....25 Commonwealth Gas 1 Commonwealth & Sou Corp com * Optional warrants $6 preferred * Commonwealth Tel (Pa) 7 % pref. Commonwealth Water & Light— 6% preferred ...._* 7% preferred ...._♦ Community Pow & Lt com.. * First preferred 6% 100 Community Pub Sor com.....25 Community Water Uerv com 1 7% preferred * Concord Elec Co 6% pref.... 100 11234 11334 110 111 283* 136 x* 583* 4 n 2836 136 134 332 5936 6 116 25 48 50 100 100 * 58* 118 3136 10536 3* 181 100 182 10336 9834 * 27 10436 1003* 24 87 16 89 90 92 75c 1.25 '136 26 65 13* 100 100 6% 1st pref stamped 100 6% pref B stock 100 5% adjustment stock 100 East Shore Pub Serv 634% pf 100 6% preferred 100 Eastern States Corp com _* $7 preferred series A * $6 preferred series B * 136 83* 18" ■ 18 100 com 1 7234 75 22 25 86 80 82 Electric Bond & Share 13 1236 27 4 Class A full paid 1 .♦ * $6 preferred * 2d pref series A * k Optional warrants El Paso Electric Co (Dei) Preferred series A El Paso Nat Gas 7% 100 com... Eliz & Trenton RR sfP: 434 836 6434 553* 136 4 334 836 83* 28 2734 2334 243* 1734 May 27 4 334 — Preferred 3 100 93 96 3436 10834 Elizabethtown Water Cons Eliz Consolidated Gas 6% Preferred Engineers Pub Serv com. $5 cumulative preferred General $534 pref (with warrants) $6 preferred Essex Company..—... European Elec class A Option warrants 1st Tnternat International Ry v t c Internat Teleg of Me (gu) 64*' 85 7 15 1434 50 9034 3* 17 % 18 73* 736 $ 1534 35 37 34 J32 May 25 2434 434 236 103* 2634 29 30 61 63 71 73 lix 6% preferred 534% preferred d Called June 26 at $110 plus $1.18 div. Mississippi Power $6 pref * $7 preferred ..* Miss Power & Light 6% pref * Mississippi Riv Pow 0% pref.100 Mississippi Valley Util » 77 236 3* r * - 100 100 k Last sale, n 33* 33* 22 38 13234 3334 „ — _ — 274 At Montana Power 6% pref Montreal L H & Pow Cons Montreal Telegraph Nominal, 84 100 40 100 3136 r 69 434 100 5436 Mountain States Tel & Tel Nassau & Suffolk 7% pref National City Lines com 100 100 5636 126 22 129 24 1 12 $3 conv preferred 50 National Gas & Elec com 10 National Power & Light com...* 1236 38 41 $6 preferred Nebraska Power 7% * 81 1st pref 100 113 106 6% preferred 100 Nevada-Calif Electric 100 com 100 New Bedford Gas & Edison Lt.25 New Eng Gas & Elec Assn— * England Pow Co 28 12 69 21 ~$~0~pref~ lOO 139 * * $6 preferred $0 prior pref New England Tel & Tel —_.* 100 50 Jersey Pow & Lt $0 pref .... 0% preferred 983* Ex-dividend. ih 10 ..... New Haven Water x 136 35 54 ♦ $7 preferred Canadian price, 336 73* .100 3436 r 7 76 ..10 102 9734 97 27 * 107 101 334 * com New 107 34 110 Monon-West Penn P S 7% pref 15 Montana Dakota Utilities com 10 6% preferred 100 0% preferred 100 New Jersey Water pref New Mexico Gas com 10334 80 763* 115 Monongahela L & P—See PhilaCo Monongahela St Ry—See PhilaCo Monongahela Val Water 7% pfd. 40 106 78 Missouri Pow & Lt $6 pref * Missouri Pub Service com.....* JO TM'pfprT'AH 26 J 8634 $7 prior preferred r 63* 36 236 53* 53* Minnesota Pow & Lt 7% pref 100 $6 cum preferred 100 New * 70 ♦ New England Pub Ser com ...1C0 4 6 0% preferred 10434 Common 15 Iowa Southern Util 7% pref-_100 6% preferred. 100 Common Italian Superpower common A__* "3" 100 com $534 preferred stamped * $5 cum pref ser A * Jersey Cent Pow & Lt 7% pf-100 108 100 New Eng Pow Assn com * preferred Jamaica Pub Service Ltd Preferred Jamaica Water Supply Michigan Consol Gas Michigan Gas & Elec— 7% prior preferred Middle West Corp com Preferred 6 .... 57 25 Preferred ($6) X 9 * Iowa Pub Serv $6 pref 6 34% preferred 936 7334 7836 1063* * 7% preferred 35 736 736 k com OK * * Mountain Fuel Supply Mountain States Power— 74 20 3* Iowa Electric 634s pref 100 Iowa El Lt & Pow 6% pref__100 7% preferred 100 Iowa Power & Lt 7% pref_..l00 99 86 * Mexican Northern Ry com...100 Preferred 100 Mexican Utilities preferred 100 Montreal Tramways 28 * Federal Light & Tr com Mar. 17 18 * $6 preferred Investors Telephone 36 18 7134 * 6534 623* 6134 5 63* 534 * 623* 6134 10 4 636 53* 1634 * 50 107 3 * ..50 105 10634 * * Interstate Power pref $7... 7736 8334 834 9 34 May 26 100 Foreign share ctfs 7434 103 100 Warrants series of 1940 Interstate Natural Gas 713* 110 20 100 Power Securities Units. 71" * 110 6341 preferred 212 * 5434 10334 109 100 66 Fall River Gas Works 102 Warrants 203 41 8 4 25 53 Internat Ocean Tel eg (guar). .100 International Power Co * 100 19 3 18 24 IndianapolisjPower 4c Light— 6% preferred .100 634% preferred 100 Indianapolis Ry Co v t c 100 Interboro Rapid Transit... 100 Internat Hydro-El Syst A 25 Conv pref $3.50 series. 50 112 Fairm't Pk & Hadd Pass Ry—See Phila R Fall River Elec Light 52 25 Federal Power & Light com * 100 k Indiana Telephone Corp $5 cum preferred $6 preferred series O $6 prior preferred 7 % prior preferred 99J* Convertible pref A * Midland Util 7% prior lien.. 100 6% prior lien ...100 7% preferred class A .100 0% preferred class A 100 73 107 79 13* 536 108 100 2636 — C--1 Midland United 100 International Utilities A 60 — v t 136 5% convpartic preferred 50 Memphis Natural Gas 5 Memphis Power & Light $7 pf. * $6 preferred » Metropolitan Edison Co—- 1083* 236 1734 33* Class B 59 — Service— $1.75 preferred $3.50 prior preferred 5834 223* 77 634 17 34 936 •» Warrants Mass Utilities Associates 113 50 International Telen & Teleg 3536 103* 136 436 103 Michigan Elec— 7% preferred ...100 53 25 10 Indiana & 60 6% preferred— 100 Empire Power Corp partlc stk..* $6 preferred Empire Telephone com 41 50 $6 preferred .....50 Illuminating Shnres class A * Indiana Assoc Telep $6 pref * 50 Empire & Bay State Tel (gu) 100 Empire District Elec 6% pf-.lOO Empire Gas & Fuel Co pf 8%-100 Preferred 7% 100 634% preferred 100 •Without par value, common 5% conv preferred Arrears certificates Illinois Power & Light— 50 com.., Preferred 534 93* 100 100 7% preferred 28 5 $6 preferred * $5 preferred. * Elec Power Association_.l Elec Power & Light Corp $7 preferred * 50 100 6% preferred 1134 * 34 3734 834 Indiana Hydro Elec 7% pref.100 Indiana Service Co 6% pref..100 1 12* * com Conv stock 50 5* 100 Indiana J* 83 Gas Eastern Util Assoc 35 40c 16 43* Ry(San Francisco) 6% prior preferred 100 Light Associat'n—• 334 234 3234 118 135 125 634 8334 * 68 15 Illinois Iowa Power 4 n 72 15c 10c 25 7% pref 6% 1st preferred.. 163* 93* 24 33 45 25 Power guar 100 Modified 5% guar 100 Marcon Int Marine Commun'y— Amer den rets for ord shs.. £1 * P—See PhilaRT 5% non-cum preferred- 22 * 115 Idaho 93 25 * "236 23* 66 * Huntington Water 7% pref 23* 25 $2 Preferred * 67 25 Common with warrants Common without warrants 1 • 102 84 lQO 55 111 1 —100 Hudson & Manhattan 1134 93 Mass Power & Holyoke Water Power 117 25c 49 Market St 14 13 11534 Maiden Electric Co Maiden & Melrose Gas Lt Manhattan Railway 7% 36 1.00 Houston Lt & Power $6 pref Houston Natural Gas com Preferred 27 100 100 $7 preferred. Lynn Gas & Elec Co 3136 13" 11 20 * «Sr 1836 100 Railway Co.. .100 Preferred 100 Lowell Electric Light.. 25 Luzerne Co Gas & El $6 pref.100 353* 75c 31 25 — 253* .. 109 49" 25 Haverhill Elec Co. Haverhill Gas Light Hestonville M 95 112 * Harrisburg Bridge 20 Harrisburg Gas 7% preferred.100 Harrisburg Rys common.; 50 Hartford Electric Light 25 com 30 100 100 "36 100 t c 936 J6 * com 5% preferred 6% preferred. 31 ■ 25 * r common v 5 75 * Marion (Ohio) Water 7 % pref.100 Marion Reserve Pow $5 pref 25 90 .25 .. 11036 8034 7234 106 6% preferred Havana Elec & Util $5 pref 50 100 Ry 79 23 1093-8 lheferred 28 H036 783* T preferred Warer 9134 104 \Iackay Companies 4% pref..100 7534 100 pref...* $1.25 pref * Gas 6% pf-100 115" 113 * * East Coast Public Service vtc. East Middlesex Street Ry 100 Eastern Gas & Fuel Assoc'® com 95 Corp $6 Havana Elec Ry com 11634 .100 Eastern Mass St 82 25 109 102 100 9334 May 27 PhilaRT 7% pref class A 45 Louisville 36 Greenwich Wat & Hartford Gas 106 34 26 92 Hamilton Bridge Preferred Long Island Lighting 7% preferred A 6% preferred B 17 1023* 24 $5 preferred Gas 934 5% preferred... 100 Lawrence Gas & Elec Lt 25 Lexington Util 634% pref 25 Lexington Wat Serv 7% nref.100 Light & Pow Securities Co..*..* Preferred 100 98 436 Pow 83 100 Louisiana Power & Light $6 pf.* Louisv Gas & Elec com cl A * 3534 Green Mt 67 61 1634 513* * R Laclede Gas Light 36 43 4 104* pref. Gold & Stock Telep (guar) Green & Coates—See Phila 107 87 153* 503* 20 Pass—See 100 Kentucky Utilities 6% pref..100 7% Junior preferred 50 Keystone Pub Serv $2.80 pref. Keystone Telephone $4 pref 50 Key West Elec 7 % pref 100 Kings Co Ltg 7% pref ..100 5% preferred. 100 25c 1 Germanrown 1033* Longview Bridge class A A com 98 100 64 * 20 * com 106 92 17 68 $3 preferred Georgia Power $6 preferred Hamilton Gas 60 100 6% preferred 434% prior preferred * common 110 * Lone Star Gas Corp. 136 * * 36 preferred Hackensack Duquesne Light—See Phila Co 7% 20 $5.50 $4 preferred $5 preferred States 68 Guif states Util $6 pref 634% preferred 100 Dallas Power & Light 7 % pref 100 6% preferred Danbury & Bethel G & E pf 25 Dayton Pow & Lt 4 34 % pref.100 Denver Tramway com.. * Eastern 64 Gulf Power $6 preferred * common 59 Greenwich 36 26 Continen Pass Ry—See Phila R T Crescent Public Service com 1 Cuban Telephone pref ..100 Cumberland Gas com v t C 1 Cumberland Co (Maine) Power & Lt 6% pref 100 Duqueene Nat Gas 57 Gloucester Elec Lt Co %5 100 633* .633* 64 Gen Wat Gas & Elec 534 803* (Reading)....25 Detroit Edison Duke Power 57 * Gen Telep Tri Corp 43* * 7834 100 d 100 1173* ♦ 3134 * 1053* 31 334 94* 56* 54* WsirrQiiits 7* 50 3 143* 923* * * ... Gen Telep Allied Corp $6 5* Consolidated Gas Utilities com.l Cons Trac of N J—See P S Corp Cons Trac (Pittsb)—See Phila Co 145 * ser B 5% preferred Gen Telephone Corp $3 conv preferred 115 Connecticut R.v & Lighting 4 34% preferred Preferred (Del) com 5% prior preferred. $6 cum conv pref ser A General Pub Util 60 118 Derby Gas & Elec $7 pref 634% preferred Detroit & Canada Tunnel Elec 234 104 -.100 A.." * Gen Public Service Corp 34 41 7% prior preferred & 16 39 2 * .... 1334 * ..100 (Toronto) Gen Gas 25 * common com 5% preferred 7% preferred 7% preferred T Gen Italian Edison Elec Corp— Arner shs for ordinary stock.- * Consumers Power $5 pref $4.60 preferred Continental Gas & Electric— Oarv Elec & Gas Gatineau Power 27 • R Phila 97 111 100 Kansas Power & Light— 6% preferred 12 98 .100 12 Connecticut Light & Power 534% preferred Connecticut Power Consumers Gas S'thwark—see 33 28 50 Consumers Gas & 9 46 $5 preferred Frankf'd 30 * Consol Gas Co (Pgh) pref.. 633* $6 conv pref $7 preferred $8 preferred 100 Common Conn Gas & Coke Sec pref Common Consol Elec & Gas $6 pref.. Cons Gas E L & P (Bait) 5% preferred series A 434% pref series B Cons Edison Co of N Y com 50 623* 934 Preferred 95 n 96 45 Franklin Telegraph (guar) 106 Gandy Bridge common * Gardner Elec Light common. 100 * 100 7% preferred 47 99 Florida Telephone Foreign Light & Power units 120 10c Kansas Gas & Elec 7% pref..100 6% preferred... * Kansas Power Co 6% pref... * 26 44 * Bid * Kansas City Pub Serv Kansas Elec Pow 6% pref * Elec Light. & Florida Power & Lt $7 pref 88 X 100 100 100 1 50 Fltchburg Gas Par Kansas City Power & Light— 1st pref $6 series B 2534 2634 243* 253* * * Stocks Ask Florida Power Corp 7% pref. .100 Preferred $50 par 70 Coast Co Gas & K1 1st pref. 100 Colum G & El Corp (Del) com..* 6% preferred series A 5% preferred 6 % conv preferred. $6 preferred $634 preferred $7 preferred 10034 '_* common Bid Par Fed St & Pleasant Val—See Phila Co. Federal Water Service com A__* 10334 79 stocks utility possible for the closing day of the month preceding the date of issue are as near as * 100 5 50 393* 112 70 10334 9634 334 38 436 8 8236 , 115 108 3 38 80 PUBLIC Quotations for all securities Par Stocks Bid New Orleans Pub. Serv com....* 7% 7% preferred-.-----———-* 108% 29 % 100 % Newport Elec Corp com -20 6% preferred ----.100 New Rochelle Water 7% pret 100 N Y Mutual Telegraph (guar)--25 N Y City Omnibus common.—* Option warrants -——N YPow & Lt Corp $6 pref—-.* 7% preferred---—-----100 N Y & Queens El L & Pow— Common .——--* 5% preferred--—--100 N Y Railways pref---———* N Y & Richmond Gas 6% preflOO N Y Water Serv 0% pref—-100 Niagara Huds m Power—-—-10 1st pref $5 series———.100 2d pref 5% series—.......100 Class A option warrants——niash B option warrants North American Co new 10 6% preferred new series—-50 5%% preferred —.50 North Amer Light & Pow——1 $6 preferred * North Amer Utility Securities—* North Boston Ltg Prop com-...* Preferred ——100 North Texas Co (Del) 10 Northeastern Wat & Elec com--* $4 preferred — * Northern Indiana Pub Serv— 6% preferred— —100 7% preferred —--—-100 5%% preferred 100 Northern Li Perries Gas. 25 Northern N Y Util 7 % pref—100 Nor States Power (Del) cl A..-25 7% preferred-—-—.——100 6% preferred---— —100 (Minn) $5 series cum pref.—* Northwest Electric 7 % pref- -100 North West Util 7% pref .100 7% prior lien -100 N'western Pub Serv 6% pref. 100 7% preferred—.-—.---.--100 Northwestern Telegraph (guar) 50 NY PA NJ Utilities $3 pref— .* Ohio Cities Water preferred—-* Ohio Edison $6 pref---..—.—.* $7 preferred * Ohio Power 6% pref 100 Ohio Public Service 5% pref-100 5 Hi % 1st preferred— —100 . - preferred-.--.-—-—-100 7% oreferred —..100 6% Ohio Service Holding corn-.——I ——5 t>% preferred Ohio Water oervicw A * com- Oklahoma Gas & Elec 7% preflOO 6% preferred ...—.100 Okla Nat Gas Corp com———15 S3 preferred--—50 6% 100 convpriorpreferred 14 15 36 % 20 103 % 112 % are as near as Ask lOO Omnibus Corp v t c——..... * 8% conv preferred A......100 Oregon Wasn Water pref-. , —~ Ottawa Light Heat 3c Pow new 8% 109% Philadelphia Rapid Transit...50 7% preferred50 30% Citizens Passenger guar-...50 Continen Pass Ry ($29 pd)-50 Fairm't Pk & Haddington-.50 Frandf'd & Southwark Pass.50 16% 37% 22% 105% 114% Germantown Passenger 60 Green & Coates Sts ($15 pd) 60 Hestonville M & F com 50 Preferred--i 50 PhilaCityPass Ry($22% pd)-50 120 115 4% Phila & Darby Pass Ry__—50 Phil & Gray's Fy ($25 pd)—50 Philadelphia Traction -.50 Ridge Ave Pass ($28 pd)—50 2d & 3d Sts Ry guar —50 13th & 15th Sts Pass Ry. 50 Union Pass ($30 5-6 pd)—-50 Union Traction ($17% pd)-50 West Phila Pass guar 50 Phila Suburban Wat 6% pf-—100 5 36 39 19 21 J7/* 86 71 May 17 K 1 % 1% 22H 22% 55 H 55% 57 58% IK Phila 51 7% 99% 84% 100 86 40 8% & 62 108% 69% 63% 109% 77 Public Serv of Ind $7 prior pref—* $0 preferred .* Public Serv Co of N H $0 pref—* 76 14 45 6% preferred 16 32% 24 28 5% 72 82 106 1UK 113 M 113% 115 93 96% 102 K 108% 37 37 31K 110 100 106% 97% 103% 109% - 40 40 32% 111% 13% 43% 106% Republic Nat Gas 2 Rhine-Westphalia Elec Pow— Amer shares representing com. Rhode Isld Pub Serv $2 pref 27 % 1 16% 17% 32% 83% 5% 20 K 100 -——100 Paterson & Passaic Gas 3c El—100 6% preferred Pecos Valley Pow 3c Lt com. * Peninsular Telep Co com * Preferred ———100 Penn-Ohlo Edison— 86% 2f* 156% 2" 32 "4"" 34 110% 1 8% 9% 36 32% 33% Pennsylvania Gas common-—.-* 13 15 Ppnna Gas 3c Elec Go 7 % pref-100 Penna Gas 3c Elec Corp $7 pref..* 18K 20% 31 36 4 Ol&SS A 3% Pennsylva~n"ia"Power $5 pref * Pennsylvania Pow 3c Lt $7 pref.* $6 preferred---——.* $5 preferred * Pennsylvania State Water, pref-* Pennsylvania Telep 6% pf—100 $2.50 preferred * Pennsylvania Water 3c Pow * Preferred------ ....... 109 107% 101 95 97 111 55 78% 113 People's GL&O (Chic) 100 Peoples Light 3c Power Co A....1 34% Common class B............1 ■Vs 56% Scrip ................. Preferred 25 Peoples Water & Gas $6 pref—100 Peoria Water Works 7% pref.100 1 9% 67 60 109% 107% 103 97 100 114 55% 80 35% 1% 1% 58% 10% 70 Phila City Pass—See Phila R T Philadelphia Co com $5 preferred —* 6% cum preferred—.-—50 $6 cum pref * Allegheny Traction....——50 6% ' Common....... * Southern A Atlantic Teleg (gu).25 South Calif Edison common...25 5%% preferred series C 25 6% preferred series B 25 Original preferred..........25 Southern Calif Gas Co— 79% 82 Southern Col Pow com A.....25 1* 287 30 4 38 42 A* 20c 10c Monongahela Lt 3c Pow....50 Monongahela St Ry —--50 PhUa 3c Darby—See Phila R T Phila 3c Grays—See Phila R T Philadelphia Elec Co com......* $5 preferred.— .—.....* Phila Elec Power 8% pref.....25 57 6 2 116% 3 33% 118% 30% 8% preferred -.25 7% preferred..............25 Southwest Nat Gas $6 pref—..10 Without par value, t Called July 15 at 105 plus div. d Called July 1 at n Nominal, r Canadian price, x Ex-dividend, t New stock. 92 91 96 3% 96 12c 7 A** 41 102 96 * 54 94 106 96 T^n States OasfrEi 7% preflOO Twin City Rapid Transit * 157 160 Union Electric C lectric Co of Missouri- 138% 121% 140 122% 107 108 50 125 53 5% preferred Union Gas (Canada) Union Gas System com...—.io Preferred 50 Union Pass—See Phila R T Union St Ry (New Bedford)—100 Union Traction—See Phila R T United Corp ..._* $3 cum preferred-—......—* lOi" 99% 105% 113% 107 117 18 19 49% 50% 18% 29% 17 27% 5% 5 ' 3% 33"" %6 % • - - - 100% .100 — — — $2.75 — - - 2 88 % 12% H5% * - 24 79 79% 89 1% % % 13% 14% 2% l I~* preferred 52 58% ..... 10 c •. 108 VA 1 % $8 preferred.. —..—...* $7 preferred * Utilities Power & Lt cl A ...1 «•#» 110 — Non-voting — 109 common—....-l Class B -1 7% cum pref ——100 Utilities Stock & Bond Corp 1 Virginia Electric Sc Power— $6 preferred * M ...... ' 14 6% 113% Virginia Pub Serv 7% pref— .100 6% preferred 100 Washington (D O) Gas Light—* Preferred-....* Wash Gas & Elec 7% pref 100 Wash (D O) Ry & El com—-100 47 46 27% 106 .... 10% 2% 1% *8 20 IS™ 99 Preferred 5 660 115 102 100 - Washington Wat Pow 0% pref—* West Penn Elec Co class A.... 7% 6% cum cum preferred preferred 94% 105% * —100 100 95 West Penn Power 7% pref.... 100 6% preferred 109 21 112 96 M 1% % 50 82" 85 104 -S 2c 15 10c 26% 26% 28% 29% 29 120% 115% 100 West Phila Pass—See Phila R T West Texas Utilities $8 pref—* West Va Ohio River Common 97 Bridge* Prior preferred West Va Water Serv 6% pref Western Lt & Tel com 12c 7 * Preferred-... 13 88 80c 1 Preferred...-..—. —25 Western Massachusetts Cos——* Western N Y Water pref Western Union Telegraph-100 25% 34 5 20% Western United Gas & Electric— 43 52* 33% 34 23 24 10 * 1 6% preferred--—.......100 6%% preferred-..—.—100 Westmoreland Water pref-.-. * Wheeling Bridge——.100 Wheeling Elec 6% pref._ .100 Williamsport Water pref..—...* Winnipeg Elec class A.———* Class B-— Preferred.. * .—100 Wise Elec Pow 6% pref -.100 Wise Hydro-Elec 6% pref 100 Wisconsin Pow A Lt 6% pref.100 7% preferred——— —.100 : 113 113 98 105 110 98 1.60 1.70; 8% 110% 53% 871 93 J 13 Wisconsin Pub Ser Corp 7% pflOO 106 6 6%% preferred ——100 Wisconsin Telep 7% pref— -100 102% 118% 156 1% 12% 11% 12% 1 11 10% 32 18 SI06 plus div. s!H 42^* $3 preferred —* United Utility Co common-.- 10 Utah Power & Light— 1% 11% 26% % 153 8% 3% $5 preferred ——"."* United 111 Co of New Haven....* United Lt & Pr com A-.— * Common B I—!♦ 6% cum 1st pref United Light s Ry 6% pref—100 6.36% preferred. .—.100 7% preferred —100 United Public Service Corp1 United Pub Util com A-.-—* Class B common-...-..— 119 93% 8 ~ Warrants---. United Gas Improvement- 91 118 20 110 114% 3.3% Err8.ntR • 7c 114 104% 96% 106 2% 26 United GasElec (Conn) com.* 7% preferred 100 UnRod Gas & El (N J) 5% pf.100 United Gas Corp com. $7 pref series A » 88 1% 107% 110 - 32 106% 108% 1% 44% - 7% preferred 37% 12% Southwest Consolidated Corp— 1 Southwest Gas (Okla) 7% preflOO 92 * 29 105% 98 Southern New Eng Telep..-.100 Southern Union Gas com....—* 92% _♦ 53 12% 12% 6% * 113 .* —„ 28 104% 96 Common 7% preferred ,6% preferred 86 83 109 Southern Indiana G A E— B 31% * —_i00 Tbird Aven Ry (N Y)—100 13th & 15th Sts—See Phila R T Tidewater Power 6% pref * Toledo-Edison pref A 7% 100 6% preferred100 0% preferred-. 100 57 Southern Nat Gas new com. .7% Class A common * 1% 103 Texas Power & Lt 7% pref—100 3.1% 8% Ig* 53 Class 14 32% 118% 29% _ -.100 Preferred 13 67 100 $3.50 preferred Texas Power Corp common 105 114 103 4.80% cum preferred——100 5 L noM 23 5% 2% Seattle Gas common Shawinigan Water A Power----* Shenango Valley Water pref—100 Sierra Pac Elec 6% pref..—.100 Sierra Pacific Pow common.._.* Preferred-. 100 Sioux City Gas A El $7 pref-. 100 South Amer Utilities com .50c $4 preferred .—.—.60 Sou Carolina El A Gas7% pf-.100 South Carolina Power 6% pref—* South Pittsburgh Water— 6% preferred100 7% preferred 100 Southeastern Gas A Water A...* 6% 14 1st preferred (6%) 100 cum 1st preferred-..—100 Terre Haute Elec 6% pref 100 Texas Electric Ry 100 Texas Elec Service $6 pref * Texas Gas Util com. 1 Texas Hydro Electric— 90 3.0% * 1st $5 preferred ...100 2d $5 preferred —* Second Ave RR Cop (NY) * 2d & 3d Sts Rv—See Phila R T 1 3 18 Tennessee El P 1st pref (7%)-100 7.2% 1st preferred .-.-.100 113 1 % Southern Canada Power....—* 1 5% conv preferred Tampa Elec Co _7% preferred _ 113 10U .* San Antouio Pub Serv 8% pf-100 San Diego Cons Gas A Electric— 7% preferred... I 1—.100 Savannah El A Pow 6% pref-100 7% preferred..—........100 8% preferred. .......100 Scranton Electric $6 pref.... * Scranton-Spring Brook Water Service 6% pref.. .* Scranton Transit common 1 12% Tacony-Palmyra Bridge— 89% 76 Federal St 3c Pleasant Val—25 26 100 44 116 * 3 22 98 ......... 36 24 34 89% Class B * Preferred * Suburban Rapid Transit StRy_50 Superior Wat Lt. & Pow 7% of 100 Swiss Amer Elec 5% pref.500 Fes Tacoma Ry & Pow Co * 37 36 33 20 99 99 42 50 sale, 33 J00 100 rS* 50 Duquesne Light 5% 1st pref 100 Traction..— Consolidated Trac pref 13 9 107% _ 6 33 60 6% preferred series A 25 Southern Calif Water pref—.25 3 4 Citizens 10 1 50 7% preferied 131 35 59 com 22 Rockland Light A Power 10 St Joseph Ry Lt & Pr 5 % pf—100 St Joseph Water 6% pref .100 St Louis County Water pref—100 St Louis Pub Serv common ..* 106% 4 $2.80 preferred...—....... $5 preferred .————* 6 4% 20 4 T Rochester Transit common 104% Pennsylvania Edison Co— Pennsylvania Elec 3 50 6% preferred series O 6% preferred series D 5% preferred series E Rochester Telep $6% pref 32 30 153 Ave" Pass—See Phila"« - 30 129 Warrants. Warrants B... —.... Penn Western Gas 3c El com -.5 28 78 Fv Preferred Rochester Gas A Electric— 47% 106 104 A Rio Grande Valley Gas v t c Riverside Traction-. 113 15"" 29 % QQ Ridge 68 1st preferred (6%)—......25 1st preferred (5% %) 25 Pacific Lighting Corp com Preferred ($6) -——- 1st preferred Pacific Telep & Teleg 17 Rapid Transit Ry—See P 8 Corp 15% —... 52 Industrial Stocks. Cl I fl 110 * ...* 100 100 100 * 7% preferred 6% preferred $5 preferred Consolidated Trac of N J—100 Rapid Transit St Ry Go—.100 Public Serv of Okla 0% pref—100 7% preferred 100 Public Serv El & G $5 pref. * Puget Sound Pr & Lt $6 pref * 35 prior preferred-—* Quebec Power common * Queens Borough G & E 6% pf 100 Radio Corp of America—See 8 104 100 $5 preferred Public Serv Corp of N J— 8% preferred— 60 70 80 31 % 98 Common aI* 13% 86 .* Water.. 9 98 14 30 % * 9% 48 Bid Par - 16 99 Union Providence Gas Light. -* Public Elec Light 6% pref. .—100 Public Serv of Colo 7% pref—100 97"" 100 £y» 111 —100 Potomac Elec Pow 0% pref...100 ® 114 5%% preferred-.—100® 112% Power Corp of Canada com. * 93% —.100 $5 preferred 2% 3% 37 13 7% preferred. 92% Stocks Southwestern G & E 7% pref.100 Southwestern Lt & Pr com A * Preferred * Springfield City Water 6% pf 100 Springfield Gas A Elec pref...—* Springfield Gas Lt Co —25 Springf'd (Mass) St Ry Cos pf 100 Standard Gas A Elec com * $7 cum prior pref.— .....* $4 cum preferred * $6 cum prior pref * Standard Pow & Lt com 1 2% T Portland Gas Light..—......50 $6 preferred * Postal Teleg & Cable 7% l»ref 100 Potomac Edison Co 6% pref--100 2% 8% 54% Pacific & Atlantic Tel (gu)——25 Pacific Gas & Electric— —25 Pacific Pow A Lt 7% pref Pacific Public Service- R 0% pref...100 7% prior preferred-—-100 Portland Gas & Coke 7% pref 100 53 53 Phila month preceding the date of Issue Ask Bia Plain field 53* 1% Traction—See Portland Elec Pow 50 STOCKS Pittsburgh Suburban Water— $5.50 preferred--..—.-.—100 61 pref Preferred Par Stocks Omaha & Council Bluffs Railway 6 Bridge 4% cum UTILITY possible for the closing day of the Wolverine Power Co..........5 —.._* 7 York (Pa) Railways pref—50 York Water Co.. .......25 20 Worcester Trans Assoc 26% 22" 'e Called July 1 at $106.50 plus div. / Flat price, k Last all issues which do not appear previous three headings, namely "Railroads" "Investing Companies" and "Public Utilities." case of stocks, however, we put "Textile Manufacturing," "Insurance," "Mining," "Real Estate and "Title Guarantee and Safe Deposit Companies" under separate heads, then follow with the rest Land," of the heading "Industrial and Miscellaneous Securities" we include Under the In the under the "Industrial and Miscellaneous." NOTICE—All bond price* are "and interest" except where marked "f" and income and defaulted bonds Quotations for a'l securities are as near as possible Bid Bonds J&D f f 1955.A&0 1948-M&S 1947 J&D P4^s stamped 1946 F&A Advance Bag & Paper 6s '52. J&D Ex scrip Aeolian Co 6s 1944 J&J 51% 50% 48% 49 101% 101" Coll tr g 4s 106% 101% 107% 88 91 87 91 107% 7s series D 1956 68 series AA 1953 105" 6s series AB 1948 102% 6s series AC 1952 102 104% 101% 103% isi 46 F&A Mills 6s 1940-42 A&< > 4s 1941 55 Corp 5%s '37-J&J deb 4s 1945--M&S 103 45 83" 99 93 95 89% 110% Alpine Montan Steel Corp— 1st s f 7s 1955 M&S / 31% Aluminium Ltd s f deb 5s '48.J&J x 103»si American Aggregates Corp— 95 New 3-6s 1943 F&A 100 Amer Colortype 6s 1942 F&A Amer Dept St's (Pa) 6s '48--J&D / 38 Amer Dept St's (Del) 6s *47. J&D / 45 Am Fruit Growers ert 7s '43-F&A 98 91 110% 35 103% *51—M&S 91% 95 45 Camaguey Sugar— 7s Certificates of deposit-1942 103% 34 97% 98% 60 64 40 105% 102 8 113 119 105 American Writing Paper Co— Conv 6s 1961 Ann Apr f Amee-Holden Tire & Rubber— Income 7s Jan 1 1943 M&S / 103 Anaconda Copper Mining Co— Sink fund det) 4%s 1950--A&O 106 106 106% 25 23% 90 5s Aug 11946 112 Anthony (E C)— 60% 36% 90 72 25 21% 23 9 Canadian Internat Paper— 1st M 6s 1949 94% Can Locomotive 6s July 1953 Canadian Nat Steamships— 1st & gen 5s 1957 7 94% 99 26 Canadian 61 Carrier Corp conv 4%s 1948 Carriers & General Corp— 57% 54% 64% 50 25 Avery (B F) & Sons 5s w w*47J&D 93% Without warrants 22% 99 92 95 Baldwin Locomotive Works— 1st g 5s 1940M&N Mtge 6a I960 ——M&S Bait Steam Packet 5s 1942—F&A Baragua Sugar Estates— Cum inc deb 6s 1947 J&J Barber & Ross 4s 1945 J&D Bates Valve Bag 6s 1942—F&A Battle Creek Sanitarium • 6s 1942. J&J Baush Mach Tool ext 5s '41.M&S J&Jf Bayway Terminal 6s 1954 100% 102 95 96 50 49 51 90 99 22 24 Bedford Pulp & Paper 6%s 1942Beech Creek O & C 5s 1944—J&D Bell (Alph E) 6%s 1939 Bendix Home Appliances— M&N 5% conv debs 1944 Beneficial Loan Society— 27" 24 40 101 97% 91 89 M&N 6s profit, share deb 1956- -.Q-J Bessemer Limestone & Cement— 6s 1955 J&J Bethlehem Fdy & Ma 5s'44 A&O Galled June 15 at 100.n Nominal, r 100 105% 104" 90 102" 100 85% 87 99 101 100 101 96 / 96% 54 57 119 85 120 87 86 81 82% 15-yr deb 5s with warr '50M&N Corp inc 6s 1949 M&S 87 1941---A&O / M&S Gen mtge 5s 1941 M&S Central Paper Co 6s 1948 A&O Central Ry Team & Cold Storage 6%s 1952. A&G / 86% 86% 54 59 91 52 99% 95 6 A&O 1st 8s 1941--M&N Certain-teed Prod 5 Ms 1948 M&S J&D 73% 9% 108% 79 102 M&S '48. Q-F 101 51 Crowley Milner 5 Ms 1946—M&N 70 L Credit Service deb 6s w w 109% 82 163% 48 3% 105% 103 53" 74 15-yr 4s s f Nov 1 1950—M&N 10-yr s f deb 4Ms 1948 J&J 105% 98% 106 99 Crucible Steel 4%s A 1948—F&A Cuban Tobacco 5s 1944 _J&D 63 65 94% 95% 89% f deb 4s 1950 s 99 M&S 89 Cumberland Ry & Goal— 5s 1940 A&O Curtis Cos 6%s A 1947 M&N Dairyland Inc 1st s f 5s 1946.M&S Danish Prod L'n Fund 5s '40.J&J Davidson Biscuit 5 Ms A *45 A&O Davidson-Boutell 5s 1946 J&D 100 94 58 100 1st 97 inc 5s 1957--Ann April / Deep Rock Oil 7s 1937 M&M / 12% 73 Defiance Paper 6s 1939 Detroit City Ice & Fuel— 99 60 101% 100 67 cum J&D 4s w w 1948 F&A Detroit Garages 5%s Mar 1948-Detroit Har Term 1st 6s '50-M&S / Detroit Times deb 6s to *43.M&S — Deutsche Bank (Berlin)— 6s extended 1938 Deutsche Rentenbank— Farm Ln s 81% 14 75 83 42 30 90 M&S f 6s Oct 15*60 A&OIS 25% I Series B__ f 19 Dickey (W S) Clay Mfg Co— Cum inc 5s (w-s) Nov 1 1949— 152 Cum inc 5s (ex-«tk) Nov 1 1949 90% Dierks Lum & Coal 6s 1947-A&0 d 104 Dom Coal 1st 4 Ms ser A '52-A&O 102 Serial 3 %s 1938-43 A&O 99 Dominion Steel & Coal 6 %s 1955102 23 160 — — «B 103" 100 103% Dominion Tar & Chemical Co— M&N 101% 105 102% — — 38 mm 40 60 62 115% 73% '56—F&A 10-yr 5%% notes 1947—-J&J 85 Dow Chem Co deb 3s 1951.-J&D 103 11 104% 104% Dryden Paper 6s 1949 Dufferin Paving & Stone— Deb 5s series A 1955 Deb 5s series B 1955 F&A 106% 96 Jan 53% Jan Durham Duplex Razor 6s 1955— 86 56 60 55 f 5%s 1947--M&N Eastern Car Co Ltd 6s 1952.J&J 68% 100% s 58 89" 100 111 101 72% 102% 74% 52 49 Eastern Cuba Sug 7%s '37-M&S Eastern Dairies 6s 1949M&N Eastern Mfg 7s ser A 1938.-J&D 40% 40% 39 42 78 82 Eastern 39 35 52. A&O 101 De Bardeleben Coal Corp— Earl Fruit 1st 103% 103% 99% 101% Donnacona Pap 4-4 M8 96 93 92 97 Racing Assn 5s 1945-— East Temple Corp 6s (w s) 1941Eaton Paper 1st 5%s 1943.M&N Ooll 45 65 49% 108 Elec Auto-Lite deb 4s 1952.F&A Elk Horn Coal Oorp— 62 City Ice (Kansas) 6s 1940... A&O City Savings Bank of Budapest 7s 1953-F&A Clearfield Bit Coal 4s 1940--J&J Gleve Tractor conv 5s 1945.M&N Climax Engineering 5s 1946-A&0 Cities Service Asphalt 5s J&D 1948 100 115 1968 deb 2%s Deb 4%s ser A 1951 99 Corp inc 5s 98% 67 Dominion Textile 4%s '55--M&S Dom Woolens & Wors 6s '53-J&J Central Service Des Moines)— Oespedes Sugar 7 Ms 1939—M&S Champion Pap Corp 6s '45.-F&A Champion Paper & Fibre Co— 4%s 8 f deb *50('35 issue)-M&S 4%s s f deb *50(*38 issue)-M&S Chateaugay Ore & Iron— Guar gold 4s 1942 J&J Ohesap'ke-CampCorp4 %s'47J&J Chic Grain Corp 3-5s 1952--A&0 Chicago Produce District— 1st cum inc 5s (w-s) '48.-F&A Chicago Stk Yards 5s 1961-A&0 Childs Co deb 5s 1943 A&O 26 104% 84 Sinking fund deb 5s 1946-F&A Credit Foncier Franco-Oanad— 94 25 Oorp— Chilean Nitrate & Iodine Sales 28 J&J Beaver Mills 1st 5s 1950 100 99 J&J Central Steel 20 24% Oont'l Steel deb s f 4 % • 1946-J&J 1101% 82 Ooplay Cement Mfg 6s '41 ..A&O 102 Copley Press 5%s 1943 F&A Cosden Petroleum conv 5s *47 J&J 46% Cosgrove Meehan Coal 6%s 1945. f Crane Co 3%s s f deb 1951-J&D 105% Conv 81 6%s 1941 65" 55 Cudahy Packing 3%s A '55-M&S Central Foundry Co— 1st mtge 6s 1941 106% 60 104% 98% _ 103% 10 9 Vickers 6s Aug 1 1947- Non-cum inc 4s B 58 27 Crown Cork & Seal Co Inc— 102% Debenture 4 Ms w w 1947.F&A Central Coal & Coke— Coll tr g 58 Jan 1 1959 60 A&O Oelotex 52 102. 96 Oassco 55 Conv 5% 100 55 Carlisle Lumber 6s 1945 84 15 52 Continental Roll & Steel Fdy— 1st M conv s f 6s 1940. J&D 101 M&S 25-yr guar 5s 1955 60 Auburn Automobile— Conv deb 4%s 1939 J&J Autocar Go 7s ext 1947—M&N 26 15" 13 Creameries of America— J&J 23 J&J 90 Atlantic Ice & Goal 6s 1951-J&D Atlantic Ice Mfg 6s 1945 54 F&A Atlantic Refg 3s debs 1953—M&S 106 Atl Sug Rof 1st • f 4b '51—M&N 100 Atlas Imperial Diesel Engine— 6% conv notes 1945 —M&S 81% Atlas Pipeline Corp 6s 1945-M&N Gen conv 6s 1950 M&N f 15" 27" 24 Canadian Bakeries 6 Ms '45.M&S Canadian Canners Ltd 4s'51M&N Armour & Co of Delaware— 50" 40 90 15% Arundel Bond Corp 2-5s Dec 1 '53 Arundel Deb Corp 3-6s Dec 1 *53Associated Mtge Co 3-6s Dec 1 '53 Atlanta Laundries— 1st lien 4s 1952 J&J Atl Gulf & W Indies SS Lines— 53 103 14 1st mtge Arnold Bros Ltd 1st 6s 1947-A&0 Arnold Print Works— 1st 5s Feb 1 1952 A&O 36% 52 107 97 1955-F&A 4s series O 1957..J&J 70 F&A (w-a)__J&J / A-NY & B-NY Realization— M&S 5s. 1955 Arcade Mall Iron 7s 1943—M&N 1st M 20-yr 4s ser B 40 101 8 Continental Oil— 40 39 M&N (San Fran) 1942-J&D conv 1941-.J&D/ inc 5s 1953 M&N / 5s 1950 A&O Consumers Go (111) 5s 1956. _J&J Consumers Credit Svc 6s 1962 Consumers Rock & Gravel— 6s 1948 / J&J/ 100 1st s f 6s (Los Ang) 1942--J&D Antilla Sugar Estates— Income deb 6s 1951 36 39 Equip trust 4%s to 1946--M&S Equip trust 4s to 1951 J&J 97 99 1st 8s 104% Container Corp 1st 6s'46.J&D15 Deb 58 1943 with warr.-J&D 104% Oont'l Invest Bond Oorp 2-5s '53. Oont'l Invest Deb Oorp 3-6s '53 95 Canada Bread 6s 1941 Can Cementlst 4 %s serA'51 36% __ 32 Canada Paper Qo 3s 1939-41-J&D 3%s 1942-45 J&D 4%s 1952 J&D Canada SS Lines— Anglo-Chilean Cons Nitrate— Sink fund income deb 1967 J&J / Burmeister & Wain Campbell River Tlmb 6s '41-J&J Campbell Transportation Co— _ Cum 57 105% 37% t 103 - 103% 103% 4% notes ser F 80 32 A&O 87% 98% Bullock's Inc (Los Angeles)— 4% notes ser C-E to 1941-M&N 105 Consolidation Coal Co— Sink fund 5s July 1 1960—J&J 90 85 1941.F&A %s '41_ J&D 42% 103 American Type Founders Ino— Conf s f deb 2%-5s 1950—J&J Am Wire Fabrics 1st 7s '42—M&S Debenture 6s 1944 96 1946 M&N (Copenhagen) 15-yr s f extl 6s 1940 J&J Burns Bros deb 5s A 1961--M&S Burns & Co Ltd 1st s f 5s 1958 J&J Income 5s 1958 Ann, Apr Bush Term 1st 4s 1952 A&O Cons g 5s Jan 1955 J&J Bldg 1st 5s stamped I960.A&O Butterlck Co 6% notes *39—A&O Byers Machine 3-6a -----1946 Byrndum Corp ext to Jan 15 1942 Calaveras Timber 1st 6s '38-M&N California Consumers Corp— 1st lien 3-5s 1955 —J&D Calif Cooperative Creamery— 1st s f 6s 1948 A&O Deb s f guar 1943 A&O Calif Cotton Mills 1st 6s '40-J&J Calif Dairies deb 6%s 1942-M&N Calif Group Corp 5 Ms 1956 M&N (Ohio)— Extended 6s stpd 1943 J&J / 36 Amer Radiator deb 4%s '47-M&N 103% Amer Seating 6s stpd 1946---J&J 101% Am Silica-Sand 6s 1951——M&S / 7 F&A 93 57 Amer Nat Co Am Tobacco deb 4s 1951 Consol Textile 86" 103% J&D / 97 52 103% J&J 95 82 102% M&N Consol Press 6%s 1949—---J&D Oonsol Steel Corp 6s ser A 44 J&D 54 Oonsol Paper Corp 5%s 1961-J&J Budd (E G) Mfg 6s ext 60 Am Mach & Metals 4s 1943.-J&J * 76 36 J&J 70 101% * 100 34 1948 88 F&A 32 Falls Co 6s 1959.M&N 50 101% J&D 35 102% 3 104 35 Cum inc 6% notes 1950--F&A Cons Laundries Ext 6%s 1941 A&O Oonsol < >i| s f deb 3 %s 1951 .J&D 24 Buffalo Gen Laundr 6 103 5%% -- 1st 5%sser O 1946 Oonsol Cement Corp— Cum inc 6s 1950 '53-.A&O A&O M&S Brown Pap Co ext 4%s *41 -A&O Bruck Silk M Ltd 6%s '45.M&N Brush-Moore Newspa 5s '45-A&O Bryant Paper 6s A 1942 M&N 36% 101 International Corp— k Last sale, „ Brown Co 1st 40 100 J&D Conv 5%s 1949Amer La France & Foamite— f 6s 104" 34% 1st series B 97 Connor Lumb & Land 6s '41 M&N Oonsol Biscuit lit 5%s B *46 M&S Bklyn Serv Station 5%s '46-J&D Buck Hill —F&A Amer I G Chem Corp— Conv deb 5%s 1949 8 39" 38 5%s 1946 1950 ser B— 97 Q-J British Columbia Pulp & Paper— 1st 6s 1950 M&N Gen r f 7s 1950 M&N 1st 5%s 101 97 1 Colonial Colliery 6s 1954—M&S / Colo Fuel & Irou s f 5s 1943-F&A 103% Income 5s 1970 An Am* / Columbia River Packers Assn— 70 55 37 101 Income deb 2s Oct 1950 / Columbia River Paper Mills— 6s to 1946 A&O 52 British Am oil 98 Debenture 4%s 1951 F&A Allis-Chalmers a f deb 4s '52-M&S 1st 50 103% M&N F) 7s 1944 Ask 101 Q-F Q-M Q-J Q-F Q-M Brown Coal Indus 6 %s Conv 5s ser A 1948 M&N Allied St's Corp deb 4 %s '50-A&O Animal Trap 141 107% Braun Lumber 40 Algoma Steel Corp Ltd— notes 1956 Am Lime & Stone 5%s 139 Brager Eisenberg 5s 1941 5s 1942 Brandram-Henderson 6s '56. J&D • Amer 105 - Boston Wharf Collateral Bankers Inc— 7s series A & B 1950 7s series O 1959 M&N D '60. .J&J Beth Steel Corp4%s to 1941 J&J 8 %s series E 1966 A&O 15-yr s f conv 3 %« debs '52 A&O Blethen Corp (Seattle)— 6%s 1947. --J&J Bloedel Donovan Lumber Cons Msf 4%s ser Bowser (S 56 Agar Packg & Prov 5s 1945-J&D 101 Akron Times-Press 1st 6s '45 A&O 77 Alabama By-Prod 6s 1955—J&J Alabama Mills 6s (w-s) 1953 -J&D / 44 Without stock J&D / 32 Albany Perf Wrapping Corp— 36% 1st M coll tr 6s 1948. A&O 6s assented w w 1948-—A&O 36% 6s 1955 / 25 Alberta Pacific Grain 6s 1946 J&J 81% Conv s f 5s 1950 Amer Ice Co deb 5s 1953 money Bid Bonds Ask 6s 1998- —Q-Feb 1st lien & rel 5s 1942 Purch Abitibi Power & Paper— Acadia Sugar Ref 4%s Adams Exp coll tr g 4s Bid Bethlehem Steel Co— INDUSTRIAL AND MISCELLANEOUS BONDS 1st M 5s 1953 ser A Certificates of deposit for the closing day of the month preceding the date of issue Bonds Ask f 4s 1956 J&D 36 47" Empire Properties Oorp 2-3* 1945 rnmm 109 56 s 41 Empire Sheet & Tin Plate— 10 7 „ 6s 1943 Emporium Capwell Oorp— 98% 72% 1st 4s 65" 1952 4% notes 1942 106% A&O 44 J&J J&J 104 49 104% 104 / 15 25 97 65 t Galled July 1 at 101%.--J Galled Junel at 103. & Basis. t Called at 105. a; Called July 1 at 103.. d Called June 1 at 104. / This price includes accrued interest. Canadian price, \ INDUSTRIAL 83 MISCELLANEOUS BONDS & NOTICE!—All bond prices are "and interest" except where marked "f" and income and defaulted Quotations for all securities are as near as possible for the closing day of the month preceding the date of Bid Bonds Ernesto Breda 7s Famous Players 1st & coll 16 M Haytian Corp inc 8s Oct 1938---- / 67 Hearst Publica 6Ms to 1947.M&N 101 Heller (Walter E) 4s ww '46.A&0 92 Helvetia Coal Min 1st 5s '58. A&O 1st 6s 7M ' 17 106M 100 100 1st & coll Farmers Mfg Co 3 Ms Farmers Nat Mtge Inst 101M 21 1953--M&S 85 1949--F&A 1941--F&A Fed Portl Cement 5s 1947--M&S Federal Screw Wks conv 6M® 39 Federated Publlca 6s 1943--M&N Flltrol Co of Calif 6s 1946-- J&D 80 M 76 Federal Grain Ltd 6s Fed Home Mtge 6s to 60 21 101M 82 First Bohemian Glass 99 104M J&J / Inc—, „ „ f 6s 38 42 98 M 98 M Indiana 101M 86 M 1948----------M&N 53 H 96 60 60 10-year deb 3s 1946F&4 t 102% 105M deb3M" 1951----F&A 93 Gen Plastics 1st s f 5s 1948--A&O Gen Rayon deb 6s 1948 w w_J&D / 73 59 M Gen St) Cast 1st 5Ms *49 w w.J&J General Steel Wares— 93 4 Ms ser A 1952 - - - - A&O 60 Georgia. Marble 1st 6s 1950.M&N Gerlack-Barklow Co 6s 1950-F&A 100M German Atlantic Cable 7s 1945.. / 39 German Bldg & L'd Bk 6Ms 1948 / 19M 103 15-year 105M Girard Pt Storage 3Ms 1940-A&O Glen Alden Coax M s f 4s '65 M&S 101 102"" 68 M 68 % Loan 6s 1955 J&J Globe Wernicke 6s Oct 1 *44-J&J Gobel (Adolf) Inc— 44 47 A 1941 .M&S 64 Godchaux Sug 1st s f 5s 47.M&N Good Hope St & Ir Wks (Germ y) 5 f g 7s Oct 15 1945-_-A&O 15 f Goodrich (B F) Deb g 6 1945 J&D 1st mtge 4Ms 1956------J&D Gordon Baking Co series 94 M 101M 65 40 M 103 M 103 M 102 102 :::: Hosiery— 5 f deb 5s w w 1946------M&S Graham Paige Co 1st 6s 43-F&A Granby Consol Mln & 8m 5s 1942 Grand Rapids Motor Coach--Cum income 7s 1962 M&S Grand Rapids Operating Corp—• 6s extended 1942 J&J Grand Rapids Stores Equipt Co deb 5s 1949 F&A Grand "Trunk Ry Terminal 6 Cold Stor 1st 6 Ms 1952-A&O / Granite City Generating— 5s. 1963 A&O Granite City Pig Iron— Cum inc 5s 1943 —M&S / Graton & Knight 4Ms 51—J&D Great Lakes Paper Co Ltd— 1st a f 5s 1955.-. --A&O / Griess-Pfleger Tan'g 5Ms'48_J&D / Grigsby-Grunow conv 6s *36 M&S / Groc St's Prod conv 6s 1945-J&D Gulf States Steel 4Ms 1961. A&O Gurney Fdry Ltd 5 Ms 1949.M&N Gypsum Lime & Alabast— 5 Ms 1948 --M&S Hale & Kilburn 6s '39 stmp—J&D / Hall (F W) Printing Co— 1st & coll 6s stmp 1947—M&N Hamilton By-Prod Coke Ovens— 80 84 % 48 93 95"" 52 55 98 72 75 20 78 46 98 M 80 49 100 81 26 M 1 82 M 49 M 52" 93 M 26 93 X 29 94 96 28M 17 „ 100M 101 1955 M&N sinking fund 6s 1956..A&O 99 100 96 98 Hamilton Cotton 4Mb 1950-F&A 1951 —M&S 99 Hamilton Mfg 5s w w Ham'd Standish 3-6s 1947—A&O 25 1st s f 5s ser A Gen . Hansa Steamship 84 Harpen Mining Corp— 6s with warr for Am shs—J&J Harris-Seybold-Potter— Conv s f deb 5s 1951A&O Hart Coal inc 6s 1945 / Hatfield-Campbell Creek Coal— 95 * Called July 17 at 105. n Nominal, x 104 U 102" "3" 2M 35 38M 40 90 92 16 18 92 t Called at 105. Quoted In guilders. 94 93 43 108M 103 s f 3 Ms 1946-F&A 20 Logan County Coal 7a 1942-M&N / 7 1st ext'd l-4s 1956 M&N / 39 Long Bell Lumb 6s sex A'42-J&J 39 6s series B 1943 A&O 39 F&A 1951 5s. 128M 1944-A&0 F&A 126 63 Lukens Steel 5s extend 1955 M&N Mackintosh-Hemphill 5s'51-J&D Manati Sugar 1st 7 Ms "42—A&O / Ceitificates of deposit / 1st s f 4s Feb 1 1957 M&N Manhattan Refrig 5Ms 1941-J&J 98 M 43 M 43 M 31 83 30 M 5 Ms to 1949 Marathon Pap M 5Ms J&D 52 '42--M&N 102 (Buff) ext 6s '62M&S Mai*ion St'm Shovel 6s '47—A&O Massey-Harris 1st 4 Ms 1954.M&S Matthiessen & Hegeler Zinc— 10 Marine Kiev 72 91 M&S 1945 59 100M McColl Fronteaac Oil— A&O 101 stamped 1948 F&A McCormicks, Ltd, 4s 1952..-J&J McCrory Stores Oorp— 50 1st & coll 4 Ms A 1949 McCoid Rad & Mfg— 6s 85 M 5s a f deb 1951 M&N McKesson & Robbins Inc— 106M 7 16 7 16 58 M 98 X 98 M 97 M 93 M Ref mtge bs 1950-M&N 69 M Mead (The) Corp— 1st M 6s 1945 with warr ..M&N 80 M Paper— 97 H 91 1955 ser A—M&S (nternat Pow & Pap of Nfld— 102 M 1st M 5s 1968 J&J 101M 1st 4Ms 1968-.--J&J * (nternat Salt g 5s 1951 opt.-A&O Interstate Deb Corp 2-5s Jan 1 *55 48M interstate Zinc & Lead deb 7s '32 / 18 Iron City-Ohio River Corp— Iron City ser 6s Dec 1 '48-F&A / 18 Ohio Riv. ser 6s Dec 1 '48-F&A / 8M 63 M fsotta Fraschini 7s 1942 J&D Jacobs (F L) 5M% dividend 55 notes 1942 J&D Jefferson & Clearfield Coal & Iron 91 Indiana Co 1st s f 5s 1950--J&J Jones & Laughlin Steel— 91 1st mtge 4 Ms ser A 1981—M&S Journal of Coram 6Ms '47---J&J 45 Kansas Pipe Line & Gas— 94 1st 5s series A w w 1952—J&J 96 M 99 M 108 Loew's Inc deb Extended 3-6s 92" 90 1947 ser A—J&J r 5s ser B 1947- - J&J 48 McCioud River Lumb 5s '48 J&J 70 1st & ref s r 5s 129 Maple Leaf Milling— 40" 64 A 1948---J&J 103 M Medusa Portland Cement— 1st conv 4-5 Ms to 1945...A&O 101 20-yr conv deb 5Ms Memphis Commercial— Appeal 4Mb 1952 -.M&S Mengel Co conv 4 Ms 1947—M&S Merchants Distilling Oorp—_ 5% conv deb 1947 M&S Merchants Ice & Cold Storage— 95 82 84 40 50 1943-49 A&O Mercury Mills Ltd 5Ms '53-M&N Mersey Paper Ltd 5s 1957--J&D 65 68 47 50 1st 6Ms 1949——M&S Messenger Corp deb 4Mb *51 J&J Mess or Oil 1st & ref 6s 1942—J&J Conv s f deb 6s 1947—.—J&J Metropolitan Ice 7s 1954—J&J Metropol Persons Loan 7s w-g '57. Miag Mill Mach'y 7s 1956—J&D / Gen s f 6s ser A 23" Vfiddlp States Petrol 6MR Miehle Printing Press & 70" Deb Foundation— 104M 10-year coll tr 4s 1945 J&J 3 M° coll trust notes 1947-F&A 103 Kreuger & Toll— 5s uniform ctfs of dep 1959--.. Lackawanna Steel 5s 1950.-M&S La France Textile 1st 6s '42-J&D / 28" Lake Erie Bolt .& Nut— 5-6s April 1 1946 50 J&J Lake St John Power & Paper— 1st 5Ms 1961 73 .—J&J Debenture 5s 1961 An Apr / 32 Lake Superior Corporation—_ 1st & coll tr gold 5s 1944.-J&D / 30 46 Lancaster Corp 3Ms A 1949.J&J 95 Lane Bryant inc deb6s'40wwM&N 1945— 96" 86 91 98 97 & Basis, ---. 65 .... 95M F&A 5Ms 1948 103 J&J 40 '45A&0 33" 96 M 104 45 120 A&O Miller & Lux Inc 1st M 6s 119 7% gold notes 1935 Minnesota & Ontario . 1st 6s series A 1935. 1st 6s series A 1945 - 25 29 29, 29 ---- 100 M ~ - w- 82 Mortbon Corp— 103" 102 M 72" 102" Kresge J Called Aug. 1 at 102M* ■ 93 Mfg— Miller & Hart inc. deb 0s '43 62 96 M 93 Paper Co— A&O 23 M A&O / 28M 91 M 1st 6s series B 1948 J&J / 28M 55 1st 6s series O 1950 M&N 28M 6 5-yr 6% notes 1931M&S 97 M Minn Tribune & Manistiq Karstadt (Rudolph) Inc— 100 Pulp & Paper 5 Ms 1941--M&S 36M 1st 6s 1943 with Am shs.-M&N Missionary Sisters (Waukegan, 25 Ctfs of dep w w stpd 1943— / 15" 98 M 111) 1st ref 3M-4s 1951---A&O 6s stamped (par $925) 1943—— fk 19 May 18 81 6s with warr (par $925) 1943— fk 16M May 22 Mohawk Rubber ext 5s 1948 A&O 78 J&J 98 H Moirs Ltd 1st s f 6s 1953 98 Keith (B F) Corp 6s 1946---M&S Molybdenum Oorp of Amer— 91 88 Kelsey Hayes Wh'l 1st 6s '48-J&J 6% notes 1942 J&D 77 74 15-yr conv deb 6s 1948 J&J Monon Coal—See Chic Ind & L Ry. Kentucky Rock Asphalt— Monong Riv Cons Coal & Coke— 32 37 3M-0Ms 1945 J&D 1st 6s 1949 A&O no 96 Keokee Cons Coke 5s 1959--J&J 96 102" Monroe Coal Mining 6s '47—F&A 100 Keyes Fibre 1st 6s 1939 M&N Montreal Cotton deb 5s '43 .M&N 102 98 95 1st 6s 1940-1£49 M&N Montreal Dry Docks 6s '48-F&A 81 Keystone Steel & Wire— Morris Plan sec 6s x-w 1947-M&S 87 3% notes 1939-1941 M&N 100 M Mtge Bond Co (Md) 2-5s Dec 1 '53 94 101M 4% notes 1942-1945 M&N 66 Kings Co Refrig 6s 1942 A&O 100 Kings port Press 6 Ms 1939—F&A 102 M Kingston Elevator 1st 6s '50 M&N 98 Kinney (G R) ext 5 Ms 1941-J&D 100 Kir by Lumber 1st 4s 1947-J&J 16 88 Knudsen Cream'y 5MS '50-M&N 70 Koehring Co (Milw) 3-5s '45-J&J Koholyt Oorp 6 Ms 1943 M&S / 21M 101 % Koppers Co 4s 1951 M&N mmmm 103 M 60 g 7s without warrants 1941-M&N / ' 1st & ref s 1947 Mansfield Min & Smelting— 38M ff 12M 34 M 88 k Last sale, 86" Lines— 10-yr 6s 1939 w w A&O Harborside Warehouses— Non-cum inc 6s Jan 1973-. / 66 Oct *54_An Apr. / 42 M 108 inland 8t'13Msser D 1961 F«va 102 Inter City Baking 5Ms 1948.J&J Inter City Western Baking— 6 Ms 1950 M&N / 40 tnteriake iron Corp— 80 H Conv deb s f 4s 1947-—- A&O (nternat Agricultural Corp— 103 1st & coll tr s f 5s 1942—M&N International Match Corp— 6M Deb s f 5s 1947 M&N / Certificates of deposit. / 15M Conv deb 5s 1941 —J&J15 / 6M Certificates of deposit— / 15M (nternat Mercantile Marine— 58 1st M coll trust 6s 1941—A&O international (Mich)— B Gotham Silk 60 103 M 1945-50------J&D Gordon-Pagel 6s 1940-1944--J&D 5s 97 77 94 37 M 103M 103 M 66 Ind Br'nhoist 6s 93 Globe Industrial 55-J&J 99 52 M 52 H 52 M 51-J&D Corp— 6s 88 100M 101M Indus Rayon 4Ms 98 24 109 98 Dec 1 1941--Ice & Fuel 6 Ms 47 -M&N 21 Foundation— conv 6s series O 1946 11 85 6s 1948—-F&A / 50 128M 71 Ind Limestone inc 6s 1952--M&N / Prior lien s f 6s 1942——-M&N Indianapolis Motor Speedway— 1st extended 6Ms 1946—-.F&A industrial Acceptance 4s 1952 J&J 99 100 Gen Finance conv deb 5s Gen Motors Acceptance Conv deb 4Ms ser Pub— A&O 5s 1948-— -J&J 24 M 33 M 7s 1944--A&O Gold bonds 5s 1951 F&A Lincoln-Boyle Ice 6s 1947---A&O Lindsay Nunn Pub 6s 1944—M&S Lion Oil debs 4Ms 1952 A&O Liquid Carbonic conv 4s '47-J&D 101M 7 II Progresso Italo-Amer Debenture 6Ms 1943 36 M — 22 Hydr Press Brick 6s 1944—A&O / Hygrade Food Rroducts Corp— 64 1st & ref 6s Jan 1949 A—A&O 63 6s 1949 series B—— J&J 90 Ice Service 1st 6Ms 1939——J&D 10373i Illinois Steel deb 4 Ms 1940._A&O independent Brewing 101 / / f 27 Tourneau 4s coll trust Loxillard (P) Co g 7s 1963—A&O •» 104 73 .—-J&J M 24 J&J Llbby McNeil &Libb 5s '42.A&0 Liberty Baking 6Ms 1944-—M&S 19M Indian Refining 5s 100 M '40--M&N 25 —J&J Bank— 24 Leipzig Trade Fair 7s 1953-M&N Le 7 III Car & Equip 22 - Leonard Tietz—See Tietz 7M .iseder Steel mtge _ A-J&J Gen Elec (Germany) 7o 45-J&J 15 Deb 6M» 1940—. -J&D s 9l" 28M 1964-/ F&A / Stamped 1974 / Sec 6% notes ext to 1943--J&J / Stamped 1943 ---/ Hungarian-Italian Bank Ltd—- 50 23 22 Stamped 84 68 18 75 43 % 22 M 22 M F&A/ — 1st & ref 5s 1974 Line— 101 90 f 5 Ms 1947 ser 100M 99 % 98 M 91M 80 Hungarian Central Mutual Credit Mfg 7s 1937 145 150 3.00 % 102 M 103 M 96 M 98 -J&J 97 M 91 5 f 1st mtge 6s 1946 J&J 2d mtge inc 6s Feb 1956--—-- f Hungarian Disc & Exch 35-yr s f 7s 1963 40 H 45 ..F&A / / Stamped 35 24 ..J&D notes 1941-1942 General Bronze deb 6s General Cable Corp— • 98 H 33 M Sinking fund 7 Ms 1954 1st & ref 5s 1964 - 10117»2 26 3s 1940-J&J Dec 15 1947 3% Deb Hudson River Day 104 M 49 Fruebauf Trailer deb4Ms'47A&0 Gair (Robt) income notes 6s 1972 Galveston Wharf Co— Ref 5 Ms series A 1951 J&D Ref 5M«i series B 1954 .J&J 1st 5s 1940— ------A&O Garlock Packing 4 Ms 1946—J&D 1st mtge s 100 30 f 1st & ref 5s 1954 74 H 1940—M&N 98 Nat Mail SS Lines 6s *52 (H O) Coke 5s to 1944-J&J Frick-Reid Supply 6s 1943--J&D — 1962 A—J&D 65 French 100 M&N / 25 Frick - f g4Ms 1954 J&J f 4 Ms 1954 ser O—J&J Liggett & Myers 22 1949—J&D Francisco Sugar 6s 1956 M&N Franklin Co Coal Co 7s w s'49J&J Franklin Deb Corp 4-6s '53-J&D Fraser Co 6s Jan 1 1950--—J&J Gen Amer Transport 10-yr sec s f 5M8 Hudson Coal 1st 5s ^ Forest Lawn 1st s f 6s « 80 100M 450 x A&O (Berlin) 1st 7s 1946 of Texas— 19 Conv g 6M% notes 1946-A&O Follansbee Bros 5s 1947—- .J&D Fontenelle Brew 5s ww 1947-J&J ^ s Lehigh Valley Coal— 1st 5s stamped 1944 Houston Oil Co Works— 1st secured 7s 1957 Flour Mills of America — Housing & Realty Improv— Baltimore 4% notes 1942 M&S 4% notes 1947 M&S. Finland Residential Mtge Bank— S f 6s stamped 1961 M&S Firestone T & Rub 3 Ms *48—A&O - 45 - 86 59 - s Cons - 73 H A&O 82 M A&O A&O A&O 23 Home Service (Portland. Ore)— 102 M 1st coll 3-5s 1950 A&O 101H 99 M 99 M 57 M 53 Cons 83 93 Hoberg Paper Mills 5s 1946 -J&J Hoe (R) & Co 5-7s 1944 w s.-A&G 4M-6M8 1st mtge 1944—A&O Holland-Amer Line 6s '47--M&N 7M 7s 63A&0 98 M 55 M — 66 99 Holly Sugar Corp— 1st 2 Ms 1940 1st 3 Ms 1941 1st 3 Ms 1942 1st 4s 1947 Home Serv Corp 6s 1957 24 M 85 Lehigh C & Nav fund 4s '48 J&J 102 75 24 Federal Coal 7s 1944__--------- Finance Co of Amer at 102 M 1st mtge income 1975 -J&D / Layne & Bowler 3-6 Ms Dec 1947- 26M 18 75 ..Lvj "48 Bid Nitrate Co— 71 100 -J&J f 1946 Hmes junnd & Timber hs Canadian— 1939.—----J&D 1940-1942-J&D 4Ms 1951------J&C 3s 1st & coll 3Ms 4 Ms 107 97 1947--J&D s Heywood-Wakefield 5s 1946 J&D Hightstown Rug 6MR w w 1944 Hill Mfg Co ext 6s 1945 M&N 75 1956-—J&£> 20-year 4s s f deb Falstaff Brew deb 5s Hawley Pulp & Paper Co—, 17 bonds Issue Bonds Lautaro 85 .F&A 1954__ European Mtge & Invest Co-— 1st lien 7Ms I960 ser B__.F&A 7 Ms income 1966j st hen 1st lie] 7s 1967 srr C~M&S 7s Income 1967..---------Everlastik Inc 1st 7s 1937-M&N Fairbanks Morse & Co—- Ask Bid Bonds Ask 'I 105 103 M Coll A 2M-5s ser OollB 2M-5sser 1 1941 J&D 2 1940—J&D 98M 76 66 65 63 — Call C 2M-5sser 3 1951 —J&D Coll D 2M~5s ser 4 1956 __J&D Mosinee Pap Mills 1st 5s '51 - A&O Motor Transit inc 6 Ms 1952-J&J 27 Munising Pap 6s A &B 1943.A&O Munson Steamship Line— Secured 6s 1937 Deb 6Ms Jan. 1 J&J / 1937 wwA&O / Certificates of denosit / (&A I) & Sons 6s 1947F&A 6Ms 1938 (Conde) Publications— 36M 2M 2M Namm 12 M 97 Nassau (Ger) Landbank 22 Nast 30" Ext J&D d 102 5Ms 1942 Nat'l Acme 4 Ms ext to '46—J&D Nat Bondholders partic ctfs— 102 (Central Funding series) 75 34 Series B & O ......_ Series A & D —. / / 21 21 Nat Central Savings Bank (Hungary)7M8 1962 49" Natl Consol Bond Oorp 2-5s d Called June 15 at 102. F&A 1953- 8 82 / This price includes accrued interest. INDUSTRIAL June, 1939] MISCELLANEOUS & 83 BONDS NOTICE—All bond prices are "and Interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as neiar as possible for the closing day of the month precedmg the date of issue Bonds Bid Nat Container deb 5 Ms'62. A&O Nat Dairy Prod3w w"51 M&N Natl Debenture Corp 3-6s 1953— National Distillers Products— Conv 3 %s debs 1949 M&S National Kire Proofing Co— 1st M conv 5%s A 1946.M&N Cum conv 81 106% 84 103% 106 % 103 M 90 Natl Food Products Corp— 6s series A with stock 1944 M&N f Without stock M&N |f Bid Phlla & Read O & I 5s 1973.-J&J 60 1952—M&N / inc 6s Bonds Ask 95 23 24 M f HM Conv deb 6s 1949 M&S ' Phillips Elec Works 5s 1953.F&A 109 Phillips Petr 3s conv deb '48.M&S Phoenix-Iron lstsf6s L946-M&N 103 % Phoenix Silk Mfg 7s 1943—F&A f 5 Pickering Lumber 6s A '46--M&N f 19M Pierce Butler & Pierce 6Ms '42 / 4 Pine Hill Collieries 1st 6s '42 A&O / 4 4* 3% 100 109% .... 20M .. 6 89 % Plre.li Co of Italy con 7s '52 M&N 55 12 Plttsb Brewing 6s Feb 4 '49...T&J 109 102 103 105" Nat Gypsum 4 Ms debs 1950 M&N 105% 106 Pittsburgh Coal deb 6s '49..F&A Pittsburgh Coke & Iron Colot mtge conv 4 Ms 1952—M&S Pitts Crucible Steel 5s to '45.M&S 90 91% Nat Hungarian Ind Mtge— Inst 7s 1948 M&N / Nat Ice & Cold Storage (Calif)— 1st s f ext 3%s-6s 1952 Nat Industrial Loan 7s 1957 16 40 M 40 % 46 M 96 98 17 Port 10iM notes— 97 M&S 82 50 M 49 Corp 3-6s 1953 37 Potomac Franklin Deb 3-6s 1953. 37 Potomac Md Deb 90 75 90 Nekoosa-Edwards Pap 6s'43.J&J New Eng Laundries 5s 1950-J&J New Niquero Sug 3%s 1940—J&J Corp 3-6s 1953 Potomac Realty Atl Deb Oorp— 80% 94 55 29 3-6s 1953 94 Pressed Steel Car Co 5s 73 M 92 92 51% 55 52 53 % NYLE&WC& RR— 60 New York Trap Rock Corp— 1st rntge s f 6s 1946 J&D 6s stamped 1946 J&D 73 74 Nivelle Corp 4s 1952 M&N Nordberg Mfg Co 1st 6s 1943M&S 77 4.50 4.50 b 4.50 b 4.50 92 86 Deb 6 Ms A with warr *40-M&S 86 M 101 29 103 64 66" 95 1943 M&S Income 6%s 1953-.. M&S / Nor Amer Refract 6%s 1944. J&J / North German Lloyd— New 6-4% 1947-111 IIIIIm&N / 39 North Western Refrigerator Line Equip trust 4s ser I Jan 1 '40-'43 b Equip tr 4s ser J 1939-40.J&D b Eq tr 3%s ser K 1939-48.-A&0 Northern Elec & Nor Pap Mills— 1st 4s 1940-47 ....M&N 1st mtge 5s to 1948 M&N 3.50 3.75 3.65 90 4i" 2.75% 3.25% 3.25% 82 79 81 100 %% to 2M% 1939-48—J&_ Railway W'house 4-6s (w-s) *47. Realty Bond & Mtge deb 3-6s '53 5Ms without warr 1945_ F&A Norwestern Term Co 5s '48..J&D 95 32 1st conv s f 3 Ms 1963 It** 95 81 Ocean SS Co (Savannah) 5s'43 J&J O'Connor Moffat deb 6s '38 F&A O'Gara Coal 5s '55 ot» aft'08 m&S 81 8 85" Ohio Forge & Mach 6s 1951--J&J 96 M 28 Old Ben Coal Corp 68 (w s) 1948 Inc deb 7%s (w s) Aug 1 1953Oregon-Am Lumber 6s 1942- A&O 7 % 6s stamped 1943 Osgood Co deb g 6s 1943 Rima Steel Corp 1 st s f 7s '55 F&A 12 29" 35 8% 37M 32 90 88M 35 —J&J 20 J&D 25 68 / / 56% 1937~ M&S / / / Called June 26 at 105. s f 105% Standard Ice 1st 6s 1947 .F&A f 8 Standard Oil (N J) deb 3s '61. J&D 105% J&J 105 M J&J 102 % 103 1%% 1943 2% 1944 2%% 1945 J&J J&J 103 % J&J ...J&J Stand Textile Prod 6 Ms '42 M&S Stanley Co (Camden) 6s '40 J&D Stanley Grandail 6s 1946.-F&A Stanly-Rowl-Oiark 6s 1946..F&A Starrett Corporation— Secured cum Inc 3-5s Apr 1950- 103 % 104 M Steel Co of Can 6s 1940 Stern Brothers 6s s f 1947 105 20 82 95 95 23 J&J J&D Stevens & Thompson Pap 6s 1942 Stillwater Worsted Mills— Deb 5 Ms A 1943.. F&A 78 23 2d stamped 1940 J&J Strange (John) Paper 6s '44--J&J 96 Strawbridge & Clothier— 1st s f 5s 1948. 99% 1 3 Struthers Wells Titusville— 1st mtge s f 5Ms w w 1949.A&O !06% Studebaker Corp 6s 1945 J&J Stutz Motor Car 7 Ms 1937.-A&O 9M 37 1st 5s 1959- 1st 7s 1942 ctfs of 105" 16% b 1st extd 6s stamped 19453 102 87 88 53 56 95 88 92 110M 90 40 19M 19 26 22 99M 3altex Looms Inc 6s 1954 A Saratoga Victory Mills— 6 Ms with warrants 1943 J Saxon Pub Wks (Germany)— 1st extl s f 7s 1945.. F&A f / 6% notes 1937 f Sayre & Fisher Brick 6s 1947. J&J Schoenstadt (H) & Son 6s 1950 Schulco Co 6Ms 1946..Jt__ / Stamped (July 1933 coup on) / Guar s f 6Ms 1946 ser B—j / 3d Stampec / 1st M serial 6s 1932-1942.M&S / 75 86" 30 25 106% 99" 76 18 20 56% 20 25" 74 77 36 „ ser F&A A. 20 M&N 24% / 25 28 30 Sink fund deb 5s 1938 J&D / 4 106"" M&N Taggart Bros Co 6s 1944 J&D Taylor-Warton Iron & SteelColl inc 7 Ms July 1 1958—A&O 105% Coal 127 128% Tenn Copper & Chemical— 103% 103% & RR 5s 94 1951..J&J Conv deb 6s 1944 ser B Tenn Prod 1st 6 Ms 1936 M&S J&J / Refrig & Warehouse Corp— 4Msl948 A&O 30 95% 126 109 100% 54" 97 M 99 70 3% 103 49" 105% A&O debentures 1959 Thermoid Co 5s w w 1951—J&D Three Rivers Grain & Elevator— 1st s f 5Ms ser A 1951 M&S Tomahawk Kraft 105% 103% 77 79 97 101 Ticonderoga Pulp & Paper 6s 1940 97 Tide Water Assoc Oil 3 Mi '52&JJ 107% Tietz (Leonard) 7 Ms x-w *46. J& / 26 Tilden Lumb & Mills 6 %s'46M&S / 16 Tivoli Brewing conv 5s 1947 J&D 65 99 107% 75" Paper— 53 56 94% 43 47% Corp~5s 19551 95% 41 49% Union Compress & warehouse— 18 30 68 Term Unified Deben 19" 97 64 "9" 17 17 25 25 108% Mfg Co 5Ms 1945-Y-J&J Scripps (E W) deb 5Ms 1943 F&A 100% Scullin Steel 1st 6s 1941 A&O f 68 deb 1st 5s (with stk) 1951 A&O Trask Timber 1st 3s 1944 J&D Uchi Gold Mines 1st 6s 1941 J&D Ulen & Co— 70 S covill conv Term Warehouse 2d 5s *42..J&J Texas Corp deb 3Ms 1951—J&D 3.00 21 19 25% 5s Tenn 106 94% ll0% 7 Sugar Pine Lumber Co— Swift & Co 3 Ms 1950 10 125 106 2 Susauehanna Silk Mills— 104" 100 56% 103% Rky Mt & P 5s '55 stpd J& J 45 99 M 59 80 Superior Elev & Fwdg 74 / 116 50 dep---_M&S / 17" Corp— St Paul Un Stk Yds 5s 1946. A" " 116 35 M&S Extended 3-5s 1951 Sunray Oil Corp— 60" 1M 94 St Louis Gas & Coke 95 (Hugo) Corp— Sugar Estates of Oriente— St Louis Car Co— t Called July 1 at 105. x Dairy Products— Conv income 58 1 944 15 Southwestern Devel 4s 1943.J&J "f 86 S'west Lumb Mills 5s 1955.-M&N f 35 Spang Chalf't & Co 1st 5s '48 J&J] 105 Square D Co deb 5s A 1945—F&A 100M 12" 51 Sale price, 36M 50 106 M 38 38 110 Southwest 56 A&O 102 83 3t L M&S / —.A&O 37 30 7 Roman Catholic Bishop Pettlbone Mulliken— Phelps Dodge 3Ms 1952....J&D f 4 Ms 1967 s Summerfield Hecht— x 104 Pennsylvania-Dixie Cement Corp 1st m s f 6s 1941 ser A.M&S15 Pennsylvania Glass Sand Corp— 1 st s f 4 Ms 1960 J&D * 91 103 / / 96 96 Penn Mercantile Properties— Secured s f 3-4s 1961 J&J 10 92 2d stamped 1946 A&O Stinnes (Hugo) Industries— 102 St Clair Furnace 89 69 Stinnes 15 96 Peabody Coal Co (Consol Co)— Canadian price, 90% !06% 96 59 M Penman's Ltd 1st 5Ms '51. .M&N Penn Amer Coal 6s 1941-56..J&J A&O Southern Improvement 1st 5s '41. Southern Kraft Oorp— 99 100 M 45 74 % Pan-Amer Industrial 7s '37.M&S 1 st s f 5s 1953 ser A M&N Peerless Cement 1st 5s 1948--J&J 75 90 101 71 S f conv deb 6s 1944.. ..A&O Paton Mfg Ltd 1st 4 Ms '56-M&S Southern Ice Co— 1st & ref 5-8s 1942 99% Rocky Mtn Fuel 5s 1943.. ..A&O / 32 101% 75 89 105 Pac Coast Cement 6s A 1942-J&D Pacific Coast Co 5s 1946 J&D Paramount Pictures 6s 1955.J&J Conv deb 3Ms 1947 M&S Parmelee Transportation Co— gtd 7s 1940 1st gtd 6Ms 1940 97 " 95 74 M 76 7-yr dlv notes 3Ms 1943—J&D 7-yr dlv notes 3 Ms 1944--J&D Panhandle Eastern Pipe Line— 1st mtge & lien 4s 1952...M&8 Paramount Famous Lasky 6s 1947 Paramount Publix 5Ms 1950 99 ...J&D J&D 6s 1946.F&A Southern Brighton Mills— 97 H 55 Pan Amer Petrol Co (of Calif)— 1st conv s f 6s 1940 J&D15 / Certificates of deposit / Pan Amer Petroleum & Transpt— 75 J&D 87 Rocb & Pitts C & I 5s 1946-B Rolls Kovce of Amer 7s 1943 102 104 A&O Without warrants Otis Steel s f 4 Ms A 1962...J&J Oxford Miami Paper 6s 1947-F&A Pacific Atlantic SS 2-5s '43-M&N w w 103% 106 Riordon Pulp & Paper Ltd— 1st 6s June 30 1942---J&D30 River Raisin Pap 1st 6s '45 F&A Roberts & Oake (Chi) 6s '44.M&N Oswego FallsCorp 4 Ms 1952.M&S 6s 87" 100 Oregon Pulp & P 6s to '45--M&N Oreg Terminals Inc 5s 1945 Orono Pulp & Paper— f 6s 1947- s 107 M %% 1946 2M% 1947 103 4 Mb without warr'ts 195G M&S Republic Steel Corp— Gen mtge 4Ms ser B 1961.F&A Gen mtge 4 Ms ser O 1956 M&N Purchase money 5%s '54.M&N Restigouche Paper Ltd 6s '48F&A Revere Copper & Brass— 1st mtge 4Mb s f 1956J&J Reynolds Met deb 3 Ms '51—J&D Rheem Mfg conv 5s 1948 A&O Richmond Cedar Works 6s 1953 35 Richmond Hos Mills 5s 1948-F&A / 45 Richmond (Va) Ice 6 Ms '42. A&O / 23 Richmond Radiator 5s 1948 M&N 100 95 J&J Solvay Amer Corp 4s 1954--M&S South Coast Corp— Gen mtge inc 6s April 1950 Southern Advance Bag & Paper— 2 19 84" Richardson & Boynton Co— Cum income 4s 1945 J&J Richfield Oil of California— 30 Nova Scotia S & O 5s 1959..J&J 6s perpetual stock J&J 103 100 % Smith & Wesson 5 Ms 1948 J&J 58 So cony-Vacuum Oil 3 Ms '50. A&O xl0229»a 103 60 M Union 7s 1946 J&J / Rhine-Main-Danube 7s '50 M&S / Rhode Island Ice 5s w-s "51—L / 6% 94 104 % Serial notes Kheinelbe 65 65 1945.F&A Skelly Oil deb 4s 1951 J&J (Howard) Paper Mills Ltd 1st 4Mb 1951 J&D Smith (L O) & Corona Typewr'rs Deb 2% to 4%% to 1946...J&J Smith 105% 91 80 Debenture 6s 1943 M&N Northern Redwood Lumber— 6s 1937 J&D f N'west Pub's Deb 4 Ms 1948-J&J Northwestern Barb Wire Co— 1st mtge s f 5 %s w w 32 Signal Oil & Gas— Conv 6 Ms A 1945 M&N 2/101M SIgnode Steel Strap 3%s '45.A&O 68 Silesian-Am Oorp 7s 1941... F&A 60 Bilverw'd Dairies 5s *41 to *51 J&J 95 Simmons Co Conv deb 4s*52A&O 97% Simpsons Ltd— 1st & coll 4Ms A 1951 101 J&J notes— Remington Rand Inc— 20-yr deb 4 Mb w w 1956..MA® 99 Deb g s f 6 Ms '51 with war M&S / 63% Ann Apr / 435 1940 J&J 100 7s 15-yr 2 Ms deb 1953 Railway Express Agency Inc— Serial 4.90 Staley (A E) 1st mtge 4s '46.F&A 90" 26 M 30 40 95 6J4s 101" 38 Debentur1 gold 6s 1941. J&D / Midwest Corpref 6s 1940.M&N 4.00% 4.00% 4.00% 4.00% 4.90 74M Malske— Siemens & Southern United Ice Co— 1st 4s w s 1950 19 100 M 78 Shippers Car L;ne—Equip trust 5s E 1940-42. _A&O Equip trust 5s F 1940-45. .F&A Shuron-Optical 6s 1951 1st M&N 105M J&J 1st leasehold 4 Ms 1940 J&D Southern New England Ice— 101 North American Car— b 100 87 Quincy Market Cold Storage & Warehouse 1st 5%s 1946_M& Radio-Kelth-Orpheum Corp— Part paid ctfs (for 6% deb and common stock) 65% paid 80 47 100*4 b 99 91 85 A&O / 1940 1st* 15sl953. 89 f 6s 1947 8 Sou Tee & Util conv Purity Bakeries 5s 1948 J&J Quaker City Cold Storage— 87 74 Partic deb 2d mtge 7s 1946 J&D New York World's Fair 1939— Deb 4s 1941 ...J&J 78" 100 Prov Paper Ltd 5Ms 1947..M&N 60 1st 1st 99 M&S M&S M&S 2d conv deb 4s 1957 M&S Produce Term & Cold Storage— 1st income 6s 1958 J&D •rotestant Church of Germany 7s 50% 98*4 '51--J&J 1st 3s 1940 1st 3 Ms 1941-1943 1st 5s 1957 89 Extended at 5% to 1943 J&J N Y Shipbuilding 1st 5s '46.M&N 49" 83 Price Bros & Co Ltd— 89 1st 6s ext 5*4% 1942 M&N N Y L E & W Dock & Impt— 45 Corp— 15-year 3Ms debs 1951...M&S Iheridan-Wyoming Coal Co— 1st 50 ... Potrero Sug 7s stmp 1947..M&N Pratt Cons Coal 1st s f 5s *55 J&J Newport Industries— A&O P 53 35 conv deb 6s w w *42F&A Nat Union Mtge 3-6s A '54..J&J 2-58 series B 1954 J&.T Suoord notes 5s A 1947..J&J Subord notes 5s 1947 J&J N Y Dork Co "st « 4* 1951-F&A 42 Royal Pulp & Paper— 5s to 1941 Potomac Deb Natl Tool Equip trust 4%s Aug 1 '39-'40. Equip trust 4 Ms Nov 25 '39-'43 Equipt tr 4*4s 1940-47 J&D15 Equip trust 5 *4s Sept 1 '39-'44_ North Amer Cement Corp— J&J 1957 Potomac Bond Corp 2-5s 1953 Potomac Cons Deb Corp 3-6s '53. A&O f A&Oif Conv 5% notes 1947 97" 105 Rican Amer Tobacco— Conv 6s 1942 J&J 6s stamped 1942 106 M to 2%% 1940-49..A&O National Terminals Corp— Gen & coll s f 6%s 1940 s f 6Ms 1943. 96 % F&A 103 95 M 92 % gold 5s Porto J&D* A&O 101% Coll tr f 6s 1948 Poor & Co s f deb 4s 1940-..A&O Portld Woolen Mills 6 M8'41 M&N 92 % 104 s 105 Pocahontas Consol Collieries— 1st National Radiator Corp— Cum income deb 5s 1946--M&S National Steel Corp— Serial Pitts Steel 47 J&D Nat Lock 1st ext 6s 1944 F&A Nat Oil Prod deb 4s 1952...J&D 1st coll mtge s f 4s 1965 1st coll M 3s 1965 8 Bid Shell Union Oil Deb 6s 2930 60 100 65 Natl Grocers Ltd 4s 1947—A&O . Bonds Ask e 1st 5s 1943-1951 J&J e Union Oil Co of California— 6s May 1 1942 ser A F&A 15-yr 3 Ms deb 1952 J&J Union Rock 1st 6s s f 1947.-M&S / Union Term Coal Stor 6s '39.F&A United Amusement Corp— 1st s f 5s ser A 1956 F&A United Biscuit deb 5s 1950—A&O 103 103 114% 115 108 108% 22 21 98 98 100 108% 109% 1105 M b Basis, e Called July 1 at 103. f This price includes accrued interest. y Called June 1 at 101M. z Called July 21 at 102M Called Aug. 1 at 100. • * Last sale, n Nominal• NOTICE—All bond prices are Deb 72 91" 90 .. 93 76 M 76 92 94 M&N 91 94 97 J&D 1945-J&D / United Merch & Mfirs 6« 1945 United Industrial 1st 6s 35 26 M 26 M M&N / 1941 Deb 6 Ms 35 Bros Co— Conv s f deb 6s 1941 U 8 Cold Storage (Kan City)— 1st sink fund os ser A 1946.F&A 1st sink fund ser B 1949—F&A U S Finishing 5s 1944 U 8 Print & Litho 6s 100 98 12" 6 90 105M J&D / 38 J&D fk 37 J&J / A 1951 C 1951 6Ms series A 1947—. 6 Ms series 6 Ms series 1940--J&J 1947__A&0 West Va Pgh Coal 6s 1947 W Va Pulp & Paper 4 Ms *52 J&D Apr. 27 Western Dairies Prod 6 Ms '41 J&D West 56 55 F&A 105M Disinfecting 6s West Indies Sugar 6s 4s series A 100 M 88 M Western Newspaper 86 M 104 35 15-yr coll tr 4 Ms A ww '51 A&O United Wall Paper Fac 6s 1947.. Universal Sewer Pipe 6s 1943. J&J 101 Utah-Idaho Sugar 5s 1946—M&S 66 Utilities Elkhoru Ooai 6s 1948 .l&J / 97 Valvoline Oil ext 5s 1947--M&N Vanadium Corp of America— 100 H Conv deb 5s 1941 A&O 85 Van Camp's Inc 1st 6s 1943—J&J 55 Van Dorn Iron Wks 7s June 11942 Vertientes-Camaguey Sugar— 95 1st coll conv 5s 1951 A&O .... Vertientes Sugar 1st 7s 1942.J&D / / 9M Certificates of deposit 100 Vlau Biscuit Corp 6 Ms *46—J&J 4 Vicana Sugar Co 6s 1955 J&J / Victor Amer Fuel 6s 1940 F&A / 20 35 Victor Fuel 1st s f g 5s 1953-.J&J 93 M Va Hardwood Lumber 6s '42.J&D 30 Va Iron Coal & Coke 5s '49.M&S Vulcan Corp ext 6s 1943 A&O Vulcanite Portland Cement— 98 1st 7 Ms 1943 M&N 96 Wabasso Cot'n 3M-4Ms '51 F&A 50 Walker Coal & Ice 8s 1940--M&S / ■ 87 105 42 69" 100 101M 45 lOM 44 102 conv inc 5s 1962.-Ann Apr J&J 6s 1942 Wyoming Valley Collieries— 1st leasehold 5s 1946 A&O ' 92 94 105M 103 M 105" 90 40" 42 8* 88 80 lst.M«jf4sser C 1961 M&N 107 88 77 84 Conv 4s debs 1948 M&S 105M 91 107 M 106 104 M 102 M 100 93 EXCHANGE SEATS No. Last Sale Exch—1,375 $63,000 450 8,300 N Y Oof & Sug Ex. 2,600 344 N Y Curb Exch 550 8,000 N Y Stock 1 107 M 106 100 23 25" 54 M 55 M N Y Cotton Exch 6,500 3,000 8,500 "900 76 850 475 "850 Baltimore Stk Exch 300 800 Boston Stock Exch. 139 4,000 3,500 Chicago Bd of Tr__ 1,549 353 Chicago Stock Exch 50 Feb Weyenberg Shoe Mfg— Debenture 4Ms 1945-....J&D Wheeling Steel Corp— 1st M s f 4Ms ser A 1966--F&A Whitaker Payer 7s 1942 M&N White Sewing Machine— 1,900 1,700 4,000 1,950 2,200 961 1,800 2,500 95 94 M Cleveland Stk Exch 41 Datroit Stock Exch 102 M 101M 62 600 Ft Worth Gr & Cot 66 of Tr) Ang Stock Exch 213 75 4,250 Los 158 150 523 Minn-St P Stk Ex. 19 10M 10M Montreal Stock Ex. 15 New Orl Cotton 88 89 New Orl Stock Ex. 37" 91M 95 65 75 42 M Wilson (W P) inc 6Ms 1945-M&N Winslow Bros & Smith— M&S iQ1 99" 6s '38-A&0 Witherbee Sherman Inc— Extend income 6s 1963...M&N t/80 *39,000 500 70 200 Ex Phila Stock Exch 20 103M 700 Stock Exch. 100 — 1,250 Salt Lake Stock Ex. 45 44 69 'lib 32 250 113 65,000 500 "HO "900 500 18,000 1 Pittsb "155 1,050 1,200 500 St Louis Exchange. Seattle Stock Exch "400 — l",665 '300 Seattle Curb & M_ J 70 Wise Lime & Cement 3,250 105 1,000 San Fran Stock Ex. 103 M J&J A&O 750 3~OO6 1,100 1,000 Milw 9M 9M 14M J&J M&S "500 1,750 Grain & Stk. Minn Ch of Comm. 101 % 3,500 350 Kan City (Bd 111 M&N 5Ms 1943 J&D Voungstown Sheet & Tube— Commodity Exch Western Steel Products— Gens f 5s Jan 311956-.—Q '44-A&O A&O Yates-Am Mach 3-6Ms York Ice Macn 6s 1947 Debenture 6s 1943 90 5-year 7s ser A 1930 Secured 6s 1945 Wilbur-Suchard 4s 1952 Wilson & Co 4s ser A 1955 Conv debs 3 Ms 1947 "5" J&J '62J&J Woodward & Tiernan Print— 100 87 Wickwire Spencer Steel— 7s certificates of deposit 1935— Prior lien 7s certificates 1935— _ 2d 25M 42 M 41 F&A Deb 6s 1940 93 4Mb series A 1952 Union— Conv deb 6s 1944..: 94 J&J 1946-1947 Woodward Iron 1st lien 5s 62 24 J&J Western Grain Co 6s 1949 40 United Stockyards Corp— 89 —J&J 1942-1945-—J&J 3 Ms series A 62 61 30 notes ......J&D 1944 w w 77M Warren J&J / U 8 Steel Corp 3 Ms debs '48 J&D United Steel Works (Germany)— 6Ms Woods Mfg Co Ltd— 1st 3s to 1941 104M 41M 74 M 59 H 100 H 88 M M&S 1937 M&S (8 D) Co— 1st mtgesf4Ms 1952 M&N Conv deb 4 Ms 1952 M&N Watab Paper 1st 6Ms 1942--J&J Webster O&O 1st g 5s *42 op M&S West Boylston Mfg 7s 1942--J&J 5 Ms 100 1950-.A&O U S Radiator Corp— conv deb sf 5s 1946 106 105 Warren United Securities Ltd—■ See Public Utility Bonds. U S Cold Storage (Chg)6s'45_ J&J 4Ms Waltham W'tch & Cl'k 6s 93 United Drugs 5s 1953 M&315 United Grain Growers Ltd— 5s series A 1948 J&J 1949 (Hiram)-G & W— 1945. __J&D '43 J&D Walton Lumber 1st 6 Ms '41 Q-Jan Walworth Co 6s s f deb 1955- A&O 20-yr 1st mtge 4s 1955—_A&0 Warner Bros Pict 6s 1939 M&s 6s debentures 1948 M&S Warner Co 1st 6s 1944.. ..A&O Warner-Quinlan Co 6s 1939-M&8 Warner Sugar Corp 7s 1939.J&J Woodland Farm Dairy— Walker United Cigar-Whelan Stores— 8 f 6s Oct 1 1952 --A&O As'c Bid Bonds Ask Bid Bonds Ask Bid United Corps Ltd inc 5s 1953 F&A United Elec Coal Cos inc 7s 1946. 5 Ms series B marked "f" and income and defaulted bonds possible for the closing day of the month preceding the date of issue "and interest" except where Quotations for all securities are as near as Bonds MISCELLANEOUS BONDS & INDUSTRIAL 84 Toronto Stock Exch 25,000 40,000 '/ Washington Stk Ex 40 335 300 500 Winnipeg Gr Exch. 57 53 ■ 463 3.100 3,000 3,500 ft * b Basis. / This price includes accrued interest, t Incorrectly reported last month figure should have Called June 29 at 100. 1/80 seats, 70 members, Quotations are for the last day Bid. Bonds 100 Atlantic 3s Burlington 5s and 4 Ms 1?M Central Illinois 5s Chicago 4 M» and 4Ms— 3M 5s and 5 Ms Dallas 3s xoffi 98 99 Denver 3s First Garolinas 5s First Trust of Chicago— 100M 4 Ms 4MB 4 Ms — 100 100 ....... Flrst Texas of Houston 5s 100 100 M Fletcher 3 Ms............ 100 M First of New Orleans 5S-- 26 23 M 5 5 4Ms North Carolina 3s__ 99 102 M 101 Ohio-Pennsyl vania 5s.. Oregon-Washington 5s. Pacific Coast of Portland 5s 99 M 102 Pennsylvania 3 Ms—........ 101 101 102 Phoenix 4Ms Iowa of Sioux City 4Ms 94 / Flat price. x 100 Ex-dividend. 101 97 99 M 5s__ 100 Virginian 3s...... STOCKS lOl"" Atlanta 102 100 Atlantic............ Dallas 102 Denver ............. Des Moines 46 51 101 101 First Carolinas 105 M 5s— 107 M 109 Lincoln............. New York 101 North 23 M 101M Pennsylvania 100 3s / 21M 100 84 / 99 Union of Detroit 4 Ms. 107M Southern Minnesota 5s x Ex-interest. Bid. Stocks. 100 100 / Southwest 6s 99 s Sale price, AsJt 101 102 101 95 101 86 5Ms 101 101M 94 99 ......... York 5s St Louis 4 Ms and 5s San Antonio 3s Illinois Midwest 5s price, of Issue. 92 Ms"——I——————II— Potomac r Canadian Ask. 91 Montgomery 3 s. New Nominal, 90 Lincoln 4Ms—.... 102 M 100 84 4Ms 5s 99 98 — - 85 Fremont Bid, Lafayette 5s.. 5 n of the month preceding the date Bonds. Ask, 1.01 M k Last sale, read $39,000. 12M ... ..... Freemont.. Carolina...... Potomac ........ 87 San Antonio......... T4 Virginia......—..... Virginia-Carolina Par .100 .100 .100 .100 .100 .100 .100 .100 .100 .100 65 75 50 60 110 38 120 40 65 60 5 1 ~2M 2 4 12 65 75 15 .100 .100 .100 ...6 22 27 90 76 100 .100 85 1.75 80 2.00 of the month preceding the date of issue Quotations for all securities are as near as possible for the closing day Stocks Par Bid Stocks Ask Per Par Ask Bid Per share 5 Drayton Mills.—.20 Dunean Mills 20 TEXTILE STOCKS 7 % preferred- .100 Hosiery— 6 % preferred- -100 Per Northern Mills Algonquin Print-100 American Mfg—See 94 Industrial Stocks * 20 * 64 Arlington Mills..100 Beacon Mfg— 19 100 86 Amoskeag Co Preferred. Preferred 23 .. — — M 20% .... 4% 4% * Spinning Co 5% preferred.. 7% preferred Bigelow-Sanford 31 » 34 Preferred. 100 Border City Mfg 100 Bourne Mills.—._* 20% 21% 76 80 5% 5% 6% 6% Brighton Mills— 7 100 Preferred .... 12 13 Draper Corp * 100 64% 67 Cotton—* % Alpaca Gosnold M(NB)—* Preferred 100 Prior preferred .25 Hathaway Mfg..100 Kilburn M (N B)_75 Luther Mfg 100 7 12 17 mm mm mm mm mm mm mm mm mm 12% 56 mmrnmmm > 4 13 13% 1.10 1.25 35% 5% 5% 37% 6% 6% 23 26 * Nashua M (NH) 100 Preferred 100 5% 2nd preferred—1 Nonquitt M (N B)_* 24 12 • Patchogue Plymouth Mills $3 cum pf-.l Peppered Mfg 100 Pierce Mfg 100 Pilgrim Mills.... 100 Plymouth Cord.. 100 70 9 21 60 32 "7" 25 76 74 19 9 17 Austin Silver Min Hamrick Mills 25 30 Bagdad 9 10 112 115 Mills— 30 & Sull'n M & * mm 10 — 60 80 Central Am Mines. 1 5c 70 Central Eureka 1 3% 98 Copper Corp * 38% 26 31* 100 — — 45 25 30" Consol 25 30 40 Cons Min & Smelt .5 98 29 — 103 60 25 5 50 - Orr Cot Mills...100 — — 19 99 100 Zinc, Inc Federal Mining 90 33 93% Cotton ——25 21 7% preferredlOO 62 85 60" 115 23 93 99"" 5 42 7 79 83 17 20 .100 69 75 Burlington Mills... I 50 14% 14% Calhoun Mills 30 40 Callaway Mills....* Cannon Mills » 18 21 30% 32 Bibb Mfg. 100 Brandon Corp A.100 Class B * 10 8% preferred. .100 4 China Grove Cot— 83 Chiquola Mfg—.20 6% preferred..— Clifton Mfg (SO) 100 .• -mm 100 20 City RET(O)..500 Congress St Associ¬ ates (Boston) .100 Factory Bldg Tr.100 Fifty Associates (B) Hotel Tr(Boston)100 Kimball Bldg Tr 100 a TITLE GUAR ANTEE & SAFE DEPOSIT STKS Bankers Bond & Mortgage Guar. * EmpireTitle &Gul00 9 Home Title Ins (NY) Title Guar & Trust of New York 20 4% % 52% 63% 46 313* 5% 32 INDUSTRIAL AND MISCELLANEOUS 11% 7% % 20% Mining.. 1 35c 60% 4 % % conv pfd 100 Abbotts' Dairy * 11% 7% % 20% 124 123 1 A B Stove * Abbott Lab'tories.* 6 4 3 125 17 Abercrombie & Fitch Common .... $6 preferred Aberfoyle 1 75 . 7 68 Mfg_.10n 7 55 Preferred 100 Abitibi Pow & Pap_* 6% preferred .100 % 4% Abraham & Straus.* 39 Acme 34 1% 40% 1% Acme Wire new.. 10 35 Klrkland LakeGold 1 38 % % 50 60 5% 7V* 1% 39 % Lane Rincon Mines 1 % Lava 68c Cap Gold Mini Louisiana L'd & Ex 1 5% 1% , % 72c 59 Gold Mining Canada 95" 90 116 7 Mills.. * .100 17 % Winget Yarn Mtge 6s 84 18% Mills 115 2% 3 * ,VA Adams Millis Oil & fFJat price. k Last sale. n 35c 21 6% 6% 21% 22% 2 2% Advance Rumely.. Aeolian Co— 2% 3 6% preferred A.50 Aero Supply Mfg— 4 com Class Anew 20 new 3% Aeronautical Corp. Aetna Ball Bear Aetna Brewery 1 2 Aetna Rubber * 7% 5c 1 Aetna 8tand Engine* "2% 72 7 Agfa Ansco (Del) Agnew-Surpass Shoe 32 Common * Preferred .....100 Ainsworth Mfg....5 Air Associates..... 1 Aircraft Accessories. 1% 79% 38c 2.50 80 43c 1% »■ Canadian price. /New stock. 20c 3% 33% 9% 106 5% 7% 3 8 Aircraft Precision Corp 4 "8% 35 59 28 5% 22 4 4% 27 5 Nominal. 8 * Gas.1 Mul tigraph Corp... 10 Advance Aluminum Air Devices j Called May 31 at 100 plus div. 16% 8{ 50 71 Mines.. North Butte ; Mfg.. Express Class B 4 100 100 Nipissing Mines Adams 1% 27c Preferred N Y & Honduras Rosario ._10 Noranda 8% 1% New Jersey Zinc 25 Newmont Mining. 10 New River Co 108 Woodslde Cotton.20 ■J- - 20c 58 8 Mt City Copper..5c National Tunnel com. 2.' Adams (J D) Castings * and Mines 28% 57 Mother Load Ooali'n Mines • 65 West Point Mfg..20 % 10c McIntyrePorcupine5 Miami Copper 5 Mining Corp of 75" Pteel Addressograph X* 27% 10 Magma Copper Co 10 Mayflower-Old Colony Copper.25 40 6 7% preferred—100 Adams 6 Lucky Tiger Comb 5 84 Wiscassett Mills 1% Lake Shore Mines. 1 40 30 109 a 25c 1st M 6s Jan 1941 Wallace Mfg Co Ware Shoals Mfg 100 accrued dividend. a 10c 7% preferred.. 100 also pays a King David Min.50c Washington MillslOO value, a 19 16 par .... a 121 38 Purchaser 12 a a 17 13 a a 100 BldgTr 115 30 Without 26" 33 Dallas Mfg (Ala) • 19 a 40c 2d 5% Preferred a 32% % Sterling Spinning Stowe Spinning Wellington a Bos RET (Bos). 100 Bos Stor W'h'se.lOO 20c 118 2 a Bos Gr'd R'T Tr 100 Kennecott Copper.* Kildun Mining 1 Crescent 1% STOCKS 75 7% preferred.. 100 Victory Yarn Mills— 71 E)_100 LAND 70 "Worsted— 13 45 7% 14% 45 * $6 preferred 28 40 REAL ESTATE TR Isle Royale Cop. .25 Jardine Mining 1 11 Columbus Mfg (Ga) Common.. 100 % 13 24 54 8 5 10 55 47 7 14% Warrants 95 mm 8% 38 27 20 Copper Internatl 99 1st * Mining Co.. _ Island Creek Coal.l 7% pref 100 pref...100 — 101% 43% % 6H Idaho Md Mines.. 1 Illinois Zinc * *1" Victor-Monagh'n 100 - 105 Inspiration Cons 70 20 Spinning..50 Spinning.. 100 Darl'gton Mfg(SO) 5 10 4 Union-Buffalo Mills Common 10 78 9K *42 12 % 5 Bay Min & Smelting Franklin Textiles Inccom__10 Class A pref... 100 Class B pref 50 7 70 6% 76 Startex Mills Chadwlck-Hoskins Co • Spartan Mills Hargreaves Mines. Hudson 8 ~7~~ 1st rntge notes 3 common Howe Sound Co 100 * Southern 5? 32 2% U01% Copper Co 100 Mining 25c Hollinger Mines 5 8 50 Southern . % 1 Homestake Mines 7% preferredlOO Weaving.* 3 34 Mills (SO) .25 Preferred 80c 100 1% Hecla 65 70 com Wright Cent Greene Cananea 20 106 Process 98 % 110 White Knob Copper Preferred 10 Boston Wharf 9 Power common. .5 65 Southern 95 ... 10c United Verde Ext50c Utah Copper Co__10 Utah Metal & Tun.l Walker Mining 1 1% Granby Cons M S & 20 Preferred 8 6% 31% Golden Cycle CorplO Goldfield Consol Mines 1 101 & Print Wks 23 Avondale Mills....1 Beaumont Mfg 7. .1 105 25 Smyre (A M) Mfg 10 7% preferred Southern Bleachery % & Smelting com. .10 Riverside & Dan Kiv Saxon Mills 30 Tonopah Mining. .1 Union Copper Land & Mining 25 Chic R E Trus's. 100 7% preferred. .100 60 6% preferred-.100 60 * 1% % 4% E vans-W allower Rowan Cotton Mills 100 3% 1% Eagle PUh Lead-.IO 51 54 20c Evans Wall Lead- 40 • 58 (F W) Mfg. .100 Common 51 47 7% preferred.. 100 5% Silver-Lead. 1 Bd of Tr Bid Tr.100 5% 41% Mexicana__50c 45 «, 7% preferred-.100 Anderson Cotton ~5% 5 3% 10c 5 Copper Gold Min & M..1 9 .... Rhodiss Mills 7% pf Ri verdale Mills— 2% 5 Shattuck Denn Silver King Coal Yukon Pacific Oresson Consolidated 3 - - _ 3 5% % 5H 40 % 10c Copper Canyon. 10c Copper Range • Cornucopia Gold.5c 1.00 27 «. - 1% 100 Amer Yarn & Proc.. 25 Copper Common 35 . 7% preferred Mfg 100 7% preferred..100 Perfection Spincing. Pickens Mfg Piedmont Mfg...20 1 Clear Creek Cons— Musgrove Cotton 1 1% k ChierConsol Min._l Chile IK 5% 1 45 — - 1 Calumet & Hecla_.6 40 Nat Yarn Mills 35 10 Copper 39 93 pflOO Cotton 7c 1 Joseph Lead Cerro de Pasco 50 Co Carnegie Metals Norris Cot Mills — 35c 50 Zinc-Lead 1 Callahan 51 6% 5% 20c 9 46 — 11% 3K 37 King (J P) Mfg. .100 Bleachery & Dye Works com 10 Poe 7% preferred Butte Cop & Z Go.5 & Sup 10 Mills. .100 — 24 nx Dome Mines Ltd..* 28 26 23 % 75 Judson Mills A Mooresville 32c 5 Pacolet * Butte 15% . ' 22c 29 Mills pref Inman Mills 94 7 % preferred- mm 7% St Anth Gold M Seneca Stand % 02% Ousi 23 20 5 Mills mm-m 5c Dredg¬ 5 57 Southern Mills Appleton Co ing, Ltd 1% Antelope Min So Am Gold & Plat.l 9% 1 85 25 24% 10K Bunker Hill Industrial Cotton Monarch Mills * SouleMill (N B).100 Utica & Mohawk Cotton Mills.. 100 Wamsutta M—100 Preferred 98 87 8 1 Sunshine Mining. 10c Mines Gold Bulolo 94 82 6% preferred Newberry C M..100 Mills Consol 2% 1% 25 Ltd Amer shares. St 24 % Black Hawk 7% preferred-.100 d" 30 5 Copper 53 13% 13% 12% Roan 1 80 6 5% 12% Quincy 5 Mines 50 Andes Copper M.20 Ariz Comstock 1 4% 3% 22 Spinning 32 7 . 10 Pocahontas __.__* Premier Gold M 1 8% & May Hosiery 100 $4 preferred Mills Mill pref..100 14 100 Lead Marlboro O Mills. .4 Mfg Abbeville Mills 26 47 28" Zinc 5c 8% Smelting 1 $5 prior conv pf 25 Anaconda Copper 4% 4 — Sanford Amer 8 2c 10 Mining Majestic Mfg. Marion Mfg Co 3 Powdrell & Alexander common 6 Quissett Mills—100 Rich Borden Mfg Co (F R) » Saco Lowell Shops Common * Preferred A....20 Preferred B 20 34 1 Gold Alaska Juneau 29 15 4% preferred $3 prior pref Highland Pk Mfg 20 6% preferred Imperial Yarn 1% 1 Pond Creek Admiralty Alaska Gold Mining Granteville Mfg..20 Grendel Mills— Preferred 20 Hanover 20" 1% Pioneer Gold Ltd-.l Polaris Mining. _25c STOCKS MINING Laurens C M 100 Limestone Cot Mills Linford Mills 71 1 16" 100 Lanett % 15% * Wabasso Cotton 15 ii% 10 Amer shs ctfs._10 6 Gaffney Mfg..—50 Conv pref 10 Gainesville Cot Mills Glenwood Mills .100 _ 100 Mining Pacific Tin special.* Park-Utah Consol Mines 1 Patino Mines & 99 96 Fulton Bag & Cotton Mills * 38" 39" com 50 Consol Enterprise— 10 Flint Mfg Co 7 % preferred Preferred B 26 11% Converse (D 112 Preferred «% Pacific Mills Climax 107 Preferred B Oriental 100" 100 Preferred Henrietta Mills— 100 Belton 6% preferred. .100 Fairferest Finish Co 24 100 M Mills Preferred 20 Preferred Arcade 16 Hartsville Cot Mills. 2 Alabama 14 20 (Baltimore) Acme 20 18% Units Mohawk Carpet. _20 Mt V-Woodb Mills Sagamore (F R) Penmans Ltd Erwin Cotton 154 Cottons. 8 40 Hanes (F H) Knit.5 4% % 4 Martel Mills— Nas ha wen a Montreal 6 39c 10* Mining Com..25c 68" 62 Domin Text Ltd...* Preferred 100 35 Gossett Mills.... Dexdale Hosiery— Preferred... 100 General 10 41 8c 30c Oklahoma Interstate 100 Preferred 9 7 % preferred- .100 Carpet common.* Farr 32 33 6 4 share 5c 1 Old Dominion Co.25 63 Can Florence Mills—100 45 Converters. 100 Can Cottons Ltd 100 110 Serial notes...— Fine Berkshire Dwight Mfg.—12% Eagle Yarn Easley Cotton Mills 7 % preferred Eflrd Mfg 100 Per Ohio Copper of Utah 31 Durham Bid Par share Mills Canadian 7% Stocks Ask Bid Par Stocks share 35c 1 x Ex-dividend. INDUSTRIAL 86 Stocks Stocks Ask Bid Par MISCELLANEOUS STOCKS & Quotation* for all securities are as near as possible for the closing day of the month preceding the date o 1 issue 51 100 Am Maize Prod 56 Amer Steel com.* 100 65 28% 24% 25 Amer * 24 27 100 108 Com..* Alien town Portland Cement pref 10 "2% , 11% 4% 17 4%% 18% 13 5% preferred.-100 64% American 36 * Alloy Oast Steel...* Alpha Portl Cem..* Common 6 6% non-cum pflOO Conv .. American Stores Amer 113 112% 17 % 16% 4% May 23 131 % 130 112 110H 6% preferred..100 Alum Goods Mfg..* Aluminum Indus..* Aluminum Ltd * 6% preferred..100 Amal Leather 1 4H is* Amer Air Lines...10 27 H * 32 % 100 109% American Arch Am Bakeries pref Class A * * 10 Class B Am Bank Note 9^ V* American Hook. .100 Amer Bosch Corp..l Amer Box Board.. 1 5% 6X A.Brake Sh & Fdy— Common * 37% 38 91% Amer Carmel 175 Preferred 100 Amer Centrifugal.. 1 Am Chain & Cable.* * Chicle Amer Cigarette 115 100 Am Crystal Sugar 10 6% 1st pref—100 Am Cyanamid A. 10 ■r ...10 Class B 5% preferred 10 pf 10 Amer Dist Teleg * 7% preferred. .100 Amer Distilling Tiling Co 1 * Enka.. Amer Export 7% 7X 9% 9% 71% 59% 23% May 9 23% 23% 92 116 1 Fabrics, pref 100 Amer Felt common * Preferred 100 12 Socket * com 7% preferred-.100 81 Art Metal Constr.10 105 1 Preferred 50 Am Furniture . Arundel 5 % 2% IX 3% 1st preferred..100 39 7% 21 8% preferred.. 100 Amer Hardware..25 Am-Hawalian SS.10 Am Hide & Leath.. 1 6% preferred 50 Amer Home Prod.. 1 Amer Hosiery * 6% non-cum pflOO Amer I G Chem A_* Amer Insulator * Old preferred..50 $1.50 prior pref. 10 Am Internat Corp.* Amer-La France & Foamite Brew 95 22^ 14% 4% 24% 16% 5% 21% 78 preferred..l00 r 7A 4% 16^ 110 7% 51 35 47% 48 9 3% 3%s 3% Atl Coast Fisheries.* "2 * SS Lines 5% non-cum pflOO 21% 2% 22% Atlantic 83 86 Atlantic Refining.25 2% 18 16 4% 3% 20% 111% 3 3% Atlas 1 Atlas % Plywood * Conv preferred.20 i % 8X 13% 110 Rayon conv Atlas Pipeline vt c_* 5% Cofp__10 Warrants 7% 12% 3% 20% Atlas Drop Forge— Common 5 36 32 ■ 4 I Powder * 5% conv pref.. 100 5c 23 50^ 117% ♦ Best & Co * Beth Fdy & Mach.* Preferred 50 Beth Steel (Del) 5% preferred , - * 20 .100 ♦ 7% preferred. .100 Without par value, k Last sale, n Nominal, r 55 2% 23h 2% 24 2 2% 20% 54% 11% 30 33% 41 May 26 10% 10% 20% 53% 10% * Preferred Bucjrus-Monighan Class A common.* 7 % preferred-. Budd Wheel Mfg * * 32% 97 98 14 8 H 35% 8% 8 4% 37% 4% 5 39 4% 105 100 * 20 20% * 27% 28 10% Bulova Watch 87 3% 48% 4% 49% Preferred Burma 17 108 1% 68 58% 17 X 109% 2 78 3% 1 3% 4 2 4% 11% 5% 17% 18 46 11% Am dep receipts.. Bros com...* "\Tow 10% 10% 15 17 14 16 cf Anlr 1% 6% 42 2 1% Burns * Biscuit. 12 He 10 Butlor Bros 5% pref..30 conv 13% 1% 1% i% 6 10% 6% 20 __* 50 9% 12X 7X 20% % 3% 9% Byers (A M) com. 7% part pref.. 100 41 Byers Machine Byllesby class A * * 55c 65c Class B * 45c 55c Preferred * Byrndum Corp..'..l »yrou Jackson .* Cable Elec Products Vot tr ctfs 45 2% 3 4% 4 3 13% % % 50c Common 50c 20 com * Corp 5% preferred—50 Land 14 1 1% 19 52 18% 55% 2% 56% 11 11% 2% Timber Cannon 15 17^ 50^ & Cambria Iron Campbell __25 JX 38 Burroughs Adding lalif Pack 11 1 n4 Oalamba Sugar 44 .25 * 8^ 2X Corp Ltd— Preferred 12 58% W) Co— 6% conv pf 25 Preferred Burd Piston Ring.-l Burdines Inc. J Butterick Co 134 * Co * Inc com Bush Term Bldgs— 7% pref ctfs. .100 * Preferred of 100 31% 12% 8% 7% preferred.. 100 Calaveras Ex-dividend. 100 Bullard Co Estates Common i $5 preferred * Buckeye Pipe L..50 Buckeye Steel Cast * Bucyrus-Erie Co. .5 7% cum pref.. 100 7% debenture. 100 Blauner's— conv 14% * Collender Bush Term Co com 1 h 95 Fdy & Mach com * 5 3X Brunswick -Balke- Burry /16 6 Birdsboro Steel 51 1 * 4 11% 8% .5 Machine. 10% 24 38 » Bruce (E L) Co Bruck Silk Mills Burco 5% Bird & Son 119 3% 3% 35* 1 Rubber Brown Shoe com 15% $3 * Forman G) Mfg..* 40 Bliss (E 6 21 Budd (E 15 Blaw-Knox 2 20 Buda Co 38 15% 14% * pref 6X 54 52 52 Brown 5% 7% ♦ Inc . 10c Canadian price, 23 X $2.50 preferred. * Billings & Spen 25 Bing & Bing 5 Binks Mfg 1 / * 9 Limestone B ack&Decker 14% 8% 22% 7% 5% 1 Cement com..* Bickfords ~3% pref. 100 4% 3% common.. 7% preferred. .100 9% Atl Gulf & W Ind Rayon_ * they Truss Wheel 4 8 * 7 % preferred B/G Foods Inc £1 registered Associated A » pref.. Bessemer 6 7% 125 8% 8 Purchase warrants 7% 72% 4 10% Industrial common niture Brown A 1% Bunte Bros com.. 10 Berland shoe St 75 48 20 Home Berghoff Brewing-.1 Berkey & Gay Fur¬ 113 Ltd 4% 35% 50 Conv 4% 16X r 15 50 9 40c 37 Yds $2.50 prior pref..* Am dep rets ord 92 * Beneficial Ix»an Soc * Benson & Hedges..* 5/ (Can).* Assoc El Indus 8 25 Amer Ice Co 21 Ref.l Dry G'ds 1 6% 1st pref... 100 7% 2d pref...100 41 19 7 Amer Hard Rubb_60 * com.l Assoc 2d preferred.. 100 Corp 1 Aircraft-.1 7 7% 95 14% 5% Works. .5 Asbestos Mfg Ashland Oil & 106 Assoc 1 Am Hair & Felt...* 5% 9% 4% 9% Growers. * AW' Fruit Art Metal % Appliance cl A..5 Class B 33 'sc 35 20c 22% 101^ 30 10 Preferred 4% Class H* 1 Distillery Bell Aircraft Loan Warrants common 15 Belding Hem'way..* Mfg com.. 10 Stk 24 6 10 Truck com 21% 113% 112 Belden & Amer dep rcts.lOs 102 21 Bendix Hart- 7 60 Attoer Fork & Hoe. Preferred.. 100 Equipt Corp..! * 16 56 3% 6% 7% 30 Artloom Corp. conv Beneficial * ... 16% 100 8X 12 33 Forging and 17% Brown Fence & Wire 7% 122 37 Hegeman Elec.10 Arrowhead Petrol-_ 1 10 Brown Co 6% pf.100 Brown Durrell. * 65 11% Arrow 36 41 Works 5 % preferred 0% 45 35 Bender Body com..5 Bendix Aviation 5 34 Print 35 100 pref. 20 4% 38 Constable.5 Aro 500 7 4 . Arnold 100 Brit-Amer Tob reg£l Ordinary bearer£1 British Celanese Ltd Brockway Motor Common 36% 40% 40% Arnold. 4 Aircraft 1 Beech-Nut Pack..20 RR 1H * 2 Beech Bellanca 1% Registered * __ Belt 100 99 $6 conv pr pref..* 7% preferred.. 100 Armstrong Cork * Armstrong Rubb A* Common 6 4% 10% 23% 23% 24% * 2% Belmont Radio 6 Common 4* 160% X 4% 8% 5 48% 22% 22% 23% 23% Coupon 7 3 120ji 32"" 48 Brit-Amer Oil Ltd— 2 Beaunit Mills Inc.10 $1^ 73 30 5 6% 1% 2% 2% 1% 29% 11% 11% May 1 25 5 $5 preferred w w.» Bearings Co (Am).* 1st preferred.. 100 2d preferred 100 27 118 7% guar pref.. 100 Armour & Co (111)— 95 114 100 Argo Oil Lines Common 1% 40 25 Inc 6% 100 8 6 26 Ark Fuel Oil pref. 10 Armour & Co of Del 4% 4% _ . . * k Class A Bristol Brass 3 22 12 9 4% 10% 4% 29 6% 6 5 Arcturus Rad Tube 1 16 Cream. _25 6% h 11% .1% 5% IX 1% * 7% preferred-.100 Brillo Mfg * Class B Bristol-Myers 6 common..25 Beatrice B Brinks, & Cadwell Mfg 70 66 1 10 * * 5 Optical com 10 5% preferred. .100 Bayuk Cigars * 7% 1st pref... 100 Beaton 4 * t c 20 4% 6% 8% 4% 10% Brill Corp class A..* (Ludwig) v 15 15 X Bausch & Lomb 3 2% * 100 * Apex Elec Mfg Applied Arts Ap polio Steel Apponaug Co A P W Paper 12 11 3% 31% Amer Express—100 Amer 55 1% 34% IX 31% Corp 1 Anheuser Busch__20 Encaustic American * mann 6% (5% com...20 21% 112% pref..* 7 % preferred Commercial Alcohol Pref 21^ 114% 22 10 * Class 20 15 ..* Preferred 40 37 X com 16% 20% * 22 Bathurst Power & Paper A Class B_.._. 4% 3% 1 Bath Iron Wks Baumann 28 27 _ Angostura-W upper- 15 53 5% 2% 4% 1% Archer-Dan-MIdl'd * 1% 34% Anchor Post Fence 125 5% preferred. .100 Amer 125K 100 j Amer Coal (N J)..25 Amer Coiortype..l0 Amer 110 & Cigar Co Preferred, 4% 4X 33 1% 1% 16 75 3X 18 1 Bastian-Blessing _.* Bates Mfg 100 Common Animal Trap Antilla Sugar 9 17% 122 : * common..* conv A5 Basic Dolomite 6 Andian Nat Corp..* 2 23% 40% 102 5% preferred..100 Amer 16 13 Hotels— * 34 70 38c 3 53 Co common IX 23% 39% X 7% 1% 17% 100 14^ 28c 28 5 Bilt 27% 32 21^ 39% % Bartgis Bros com__l 6% conv pref..25 5 $6H s4 * 36 26% Brigis Mfg * Brlggs & Stratton..* Bright Star Elec— 1 Barnsdall Refining. 1 Anchor Hocking 132 1 1% 2% 4% 33 Bridgeport Brass..* Bridgeport Mach..* Preferred 100 15 1316 pref.....50 Barlow & Seelig cl 19 1% 2% 3% .5 A Brewing Co of Am.3 14?^ 13% 1 Barnsdall Oil 17% 18 Brewster Aeronaut'i 1 8% 28% % 9% 14% 47 Glass % 14 Barkley Grow Aircr. 14 15 Woven Hose Rubber com..* Warrants * Bros X 13 Bracb (E J) & Sons * Bradley Knitting— 1st preferred.. 100 Brager Eisenberg-.l Breeze Corp 1 17 10 1 com 19 24% 17 h * Boyertown Burial Casket com. Stainless 5%% * 6 Cable 170 % * .* 7% preferred.. 100 5% 6% 100 American shares. Canadian Properties Barker 3 Anaconda Wire 7 91 X Am Car & Fdy Am 54 129 7% preferred.. 100 153 2 7% pref erred.. 100 Amer Wringer » Amer Writing Pap_* Amsterdam Trading 6 Amer 151 100 Am Woolen Co 11 IX 5M% conv pf_100 American Can 25 Steel Preferred 89 2H 51 i 85 Common WA 5 83 84% . Class A 43 1 Bardstown Distill._1 Amer Wind Glass— 52 10 84 7% preferred 3% Preferred 51 Am Beverage Corp. 1 61 Am Vitrified Prod.* 111 12% 5% 6% 2% 6 . 12% 100 Barber 82 Transformer.10 Type Found.. 10 7 % preferred 100 50 ... Preferred 17% 1 Asphalt Barber (W H) Co 21 Common Bankers Industrial— 26% 12% 5% 6% Bancroft (J) & Sons* Preferred 100 19 Barium 25 6% preferred.. 100 36X 41 91 Warrants Baldwin Rubber 12 3% Am 50 25% 11% 59% Am 68 Bemberg com.* 6 % preferred Am Common B com Service clA Preferred. 50 Amer Thread pref. 5 Am Tobacco coni_25 2% 12% 47 for c 17% Amer Thermos A__* 1X 1% 13 7% pref old —100 7% pref new 30 25% Sugar Ref.100 26" 2% Wks__* 12 Amer Television...1 1% ilH Stove 7 % preferred. .100 Am Sumatra Tob._* 18 6% conv pref. .50 Amalg Sugar 1 5% preferred 10 Amarel Corp 100 Amerada Corp * Amer Agric Chem.* 23 V t 57 .15 1st preferred.. 100 2d preferred * 103 Prererred 89 * 111 109 100 Baldwin Duckw'th.* Baldw Loco 110 18% 20% 24% Bowm 44 25% 10% 10% 18% * American 25 * pref 41 150 Altorfer Bros— 7* 100 151 148 Amer Steamship. 100 Am Steel F'dries * 6 87 Balaban & Katz__25 43 X 138% 65% 65 23% 22% Stores com__l Boston 1 ox * Preferred 21 109 * Traveler Corp 82 13 X 29 43% 136% Snuff. .25 Chemical 3 23 17 Boston Herald 5X Deferred Baker 23 2 21 2% 2% Preferred. 10 45% May 25 20 Bourjois, Inc * 19% $2.75 cum pref..* 102% 18 18% Bower Roil B'r'g.-fi 5 6% Bow-Bilt Bondhold¬ ers class A 65 % X * Backstay Welt Baird Telev pref 22^ 56 % Mills 100 Preferred llH 7H X 6% 12% 27% 16 4% 15% Aluminum Co com.* 13% Seal-Kap 2 Amer Seating * Amer Ship Build..* Am Smelt & Refg..* 7% preferred..100 66 15 56 3 6% 39% Botany Worsted tation Corp 1 Axton-Fish Tob A 10 Class B 10 7% 36 Borg-Warner Corp .5 Borne Scrymser._25 16 % 5% Warrants 155 4 — — 19 .* B Borden Co 16 Aviation Corp(Del)3 Aviation & Transpor¬ 12 % 27 Amer Alliis-Ch aimers Mfg ex-warr.25 19% 13 , 25 com Babcock & Wilcox.* American Screw. 100 American Sealcone.5 9% A Pref 67 7% 14% 54% Am Safety Razor— Common 18.50 7 Allied Stores Corp.* 6% 8% ..10 \* 152 pf 100 conv Bond 17% 3% 3% 15% A com Common Avery(B F) & Sons 5 6% pref ww—25 2X MX 7% cum pref 100 12% 14% 12% 4% 10% Allied Prod (Mich)— Ol A conv com.25 Common 6 Am Republics com 10 Amer Rolling Mill 25 168 166 Bon Ami pref 25 conv Class 15 12% Stand Sanitary...* & Allied Kid Co com.5 Allied Laboratories * Allied Mills Inc * Allied Paper Mills.1 $1.50 Amer Radiator & 9* 100 Dye Corp common...* 3% 3% * 7% 1st pref....50 6% preferred ..50 Am Potash & Chem * 5 Chem .5 Amer Pneu Serv "8% lH * Alliance Realty Preferred 18% 8% Bohn Alum & Br..5 3 ' Common 2% 2% * Class B 110 1 8 7% — 5% . 3% 2% Automobile Banking Class A 7% preferred-.100 Automatic American Piano- Allegheny Ludlum Allied * Optical Preferred 10^ 69 18 18 Preferred Automatic Washer— American Meter 29 98 12 2% 2% ment common 121 112 16% 35 100 Automatic Instru¬ 30^ 30X » 15% Bloomingdale Bros.* Blumenthal (S) com* 7 % preferred- 100 Boeing Airplane 5 Bohack (H C) com.* 1st preferred..100 Bohack Realty pflOO 4* 10 Alarm common.25 1S18 share 30 5 Laughlin Preferred 30 Bloch Bros Tobacco Common 25 3 5% _ 29 16 9% Preferred Alles & Fisher com Bliss & Automatic Fire 63 18 4* 19 51 cum American News Co * 13 Industries 13 prior A..* 10 6% preferred.. 100 $5 11 10 Trek 5 Prod.-.5 Automatic Refrig.10 Automat Vot Mach * ~5~~ 4% Alexander Hamilton Ins'. 8% pref.*100 Steel Co. Autocar Atlas 17 57% 6% conv pref.. 100 17 Alexander Dept Stsl Allen Austin Nich & Co..* 13% 3% Maracaibo-.l Amer Metal Co 1.40 * 100 Preferred * ..100 5% preferred .100 4 3% 5 Vot trust ctfs AlbGrta-Pacific Grain class A 54 3 15 Amer Mfg. Alberene Stone of Va Algoma Mach & Fdy_* Am Mach & Met..* Albany Packing— Preferred Amer Auburn Automob..* Ask Bid Par Per 5% 2% 5% 2% 2% * 16% 19% 13% 7 % preferred100 % 5% % 4% Stocks Per share 50 Locomotive.* Ask Bid Par 16% 1SH Am Laund Mach_20 53% Amer Air-Way Electric Appliance * Alaska Pac Salmon* Stocks Per share Per share 53 Air Reduc'n com..* Ask Bid Par Wyant Fdry__ 50 & june, 1939] industrial Quotations for all securities Stocks Bid Par Canada Bread.....* Preferred 100 50 100 ... Class B pref Ask 50 96 H 16% 16% 10 75 1.85 Canadian Bronze..* Preferred 100 Canadian Car & Py * Preferred .25 Oanad Celanese * Preferred 100 Canadian Colonial 8% 20% 16% 103 % ..... 5% 1 16 6 Dock * Can Falrbank pf. 100 Canadian Foreign ... Invest Corp — 21% 16 % Class A........* Coca-Cola Intern..* Cockshutt Plow 5% 18 102 * 10*4 2 6% preferredlOO 1 % Can Locomotive...* Wire "h" May 17 Carborundum Co..* 74 57 47 Carpenter Steel...5 Casco 114% 16 ..25 Columbia Baking..* 13 H 3 Preferred.. * Columbia B'castlng Sys Incclass A2% Class B 2% 3 44% 104 19 95 Combustion Eng. .1 90% Oomm'i Solvents—* Oom'wealth Dist-.l 69 \v* 21% Gases com 5 Conde Nast Pub..* 20 % Oongoleum-Nairn. * Congress Cigar.—.* 1% Oonsol Aircraft $3 llH 3 29 35 4% • 20% 100 5% 9% Cherry-Bur Corp. .5 12 Chesebr'gh Mfg..25 Chesapeake Paper 113 Board common..* 6 11 29 3 8% preferred.. 100 Consol Royal Oil.10 Consolidated Steel * Consolidated Textile Consolidation Coal Common v t c—25 Warrants 5% "7" 9% 13% 114% 6% pretvtc—100 Consumers Co of 111 V t c A partic..50 VtcB partlc...* V t c partic pref 50 Container Corp 20 Continental Baking Class A......_.* 6% 11% 105% 25 B » 8% preferred—100 Continental Can..20 $4 50 preferred-.* Oont Diam'd Ftbre.5 Continental Mot-.l Oont'l Oil (Del)...5 Stk Yds com..100 Preferred.. 100 185 103 Chicago Mail Order 5 Chic Molded Prods 1 12 Oont'l Roll & Steel * Oont Screw com.. 10 Preferred —.10 Oont Steel Corp.--* 105 !2% 7% 8 U% % 13% 35% 47% 12% 6% 6% 13 34 45 % 70 % 110 7 !R8 Childs Co com....* Preferred 100 10% 54 % Chilton 2% 70% 14% 2% 4% 13* Preferred 100 Converse Rubber. .♦ Preferred 33 Special preferred-* Cook P't & Vara..* $4 preferred .* Cooper Bessemer..* $3 prior pref ,.* Oopperweld 8teel__5 Cornell-Dubilier Elec Corp com 1 Corning Glass Wk 10 Preferred.100 • Corn Prod Refg—25 7 % preferred- .100 Coronet Phosph-LOO Oorroon & Rey'ds.* $0 conv A pref—* Cosden Petroleum. 1 94 _ 5% 3% .... 5% conv pref.-50 Cosmo Color 17 Uoty Inc Courier Post— 20 Bronze Cleveland Mach * 1 com 99 Am dep rets ord£l Covered Wagon Oo $1.50 conv cl A.20 Crane Oo com 25 24 Hobbing com 4% 35 11% 7% 6 59 5% 10% 6% 7% 2% 13% 3% 1% 6 Cushman's Sons— Chemical. 1 80 55 90 65 16% 17 35 Decca Records....1 Decker(A)& Cobn 10 Preferred -.100 Deep Rock Oil & Ref 7 % preferred-. 100 Deere & Co com * 7% preferred... 20 20" 9 6 5% conv Gilbert Corp 10 Dejay Stores 1 Long Hook and Eye 100 Del Rayon A com.15 25* 40 n Nominal, r 5% ,5* 20% 20% 25% 14 26 14% 4% 65 5 --- 27 1% 29% 55% 57% 114 2% 7% 14% 1% 13% 1% w> 60c 8% 15% Oil 10 24% 6% Dexter Co com....5 Diamond Match * __ 0% part pref...25 Diamond Shoe com * 23 6H% pf (w w) 100 Diamond T Motor 2 "2% Dictaphone Corp..* Preferred.. 100 4% 3% Dictograph 9 Differential Wheel. 1 54 Voting trust ctfs.. xlH 5% 104 103 62% llly* 30 63" "2% 85% 1% 6% 4% 5% 6% 4% Seagrams Ltd.—* 5% pref w w-IOO Liquors..5 Distillers Truck.l Class A .-_..* Dixon (J) Cruc-.i00 Dobeckmun Co coml Dr Pepper Co..—.* 5 * Doe bier Die Cast..* 7% 6% Dixie-Vortex CoCommon ....♦ Dodge Cork Dodge Mfg.. 30 24*j Canadian price, Cum preference.* Dominguez Oil t New stock, * Bdge.100 x $2 pref..—* Eastern Sugar Assoc conv 1 Preferred Eastman Kodak i 30 110 11% 10% 111 11% 10% 115 146% 137% 120% 1 2% 6% 8% 10% 9* 16c 50c 15% ll" 40 4% 5% 23 4% 14% * 166 0% preferred--100 Easy Washing Mach 175 Common ...._* Class B. Eaton Mfg Co ..4 Economy Groc Sts_* Eddy Paper * Common. 2 5% preferred—.50 Educational Pictures 1% 2?* 15 18 Common 17% 49% 1 Ay» 10c Elsie" Elec Corp I Eitingon Schild—.* Electrical Steam 1% 1% Sterilizer 1 Electric Auto-Lite.5 Electric Boat .3 Elec Ferries com--.* 6% preferred-100 8% preferred—100 Electric Household Util Corp..—5 Elec & Musical Indus Am shs—.. Elec Shovel Goal— 28 Electromaster 15% 29% 11% 1 62 68 2% 2% 4 1 1 lnc.1 Elgin N Watch—.15 Eljer Co com Elk Horn Coal 29 16 24 1 10 9% 1% 18% 1% * 1 19 21 1st preferred.. 100 1 92 96 2d 4% 32 41% 24% 107 5% 118 1 11^ 8% 8% 2% 155 22 5% 33% 42 26% 110 6% 33% ~1% 11% 9 9% 2% 165 22% 18% 18% 80 83 1% 4% 7% 2% 4% 8% preferred-.!00 Ely Walker D G..25 1st preferred.. 100 2d preferred—100 Emerson Drug 2% Class B-. 2% Emerson Elec Mfg.4 Preferred .'—-4 Empire Sheet <5c Tinplate Employers* Group % 90" el* * Associates ......* 20% Emporium Capwell * Preferred w w._50 Emsco Derrick 5 E ndicott-J oh nson. 50 5% preferred-. 100 Equit Office Bldg..* Esqu ire-Coronet... 1 Eureka Pipe Line.50 38 7% 37% 106 % ,% Eureka Vac Clean_5 Evans Products ...5 5% 15% 4% 8% . 33 34 IW Ever Plastics Corp.l Ex-Cell-O Corp...3 Exch Buffet Corp..* 18% 1% 23% 5% 29% 4% 6% 26% 7% Exolon Co com * Faber Ooe A Gregg. * 42 30 Fafnir Bearing...25 Fair (The) Chicago * iR* 14% 5 7% 15 7% preferred.. 100 Fairbanks Fairbanks 23 Finance— Fields... Preferred ..* East Racing Assn..* Eastern Roll Mill..5 Eastern Steamship.* Co 25 8% preferred. 100 6%% pref....100 23% 98% 18% . 26% Dold (Jacob) Pkg— Domestic Eastern Air Lines. 1 Eastern Footwear. 1 East Mali'ble Iron25 Eastern Mfg com * Common Electrolux Corp Distillers Gorp- Dixie Homo Stores. 1 2 80 1 Prod-.2 Warrants Di Noc Mfg 1 Discount Corp -.100 Distillers Co Ltd.ll Divco-Twin 175 1% 20 Dewey&Almy Chem Common.......* Preferred 5% Apr 28 14% 14% 27 100 Electrographic Corp 108 Devonian Oil..—.. 1 $1.50 conv pref_20 East Boston Co.. 10 East Dairies Ltd--.* 1% 1 % 24 37% 100 deb—100 cum 22% 1% 14 26 4% 6% $4.50 cum pref-.* Duquesne Brewing. 5 Durham Hosiery- $4 partic pref * Elec Stor Battery * Elec Vacuum Clean* Electro Bleach Gas.* Electrol Tnc v t c .-1 103 3 & Co common..20 Warrants18 85 Common.. 1 0% pref w w. 20 Detroit Gray Iron & Foundry com—.1 Detroit Harvester. 1 Detroit Mich Stove 1 2d preferred—100 ioi* I* Duplan Silk-—....* 8% cum pref..100 DuPont (EI) deN Common 14 28 35* 40c Dominion k Last sale, 16% 6% % 13% 25% 5% Preferred * Detroit Aircraft * Det Gasket & Mfg— 97 27 100 20 De 38 55 16 1 20 Edison Bros Stores— 95 100 pf o Detroit Paper Prod 1 Detroit Steel Prod.* 5 Creamery Package. * 5% i5o'A % Devoe & RaynoldsClass A (non-vot) * Common B • 6* 1 18 (R G) Bradstreet Corp.* $6 preferred * Dunhill lnternat'1.1 Eason 7% cum pref-.100 $8 cum pref * 11% 116% 7% i (Allen) 147 1% 16% 1% 2I" Dun f 1 17 -,56% 16% 1% 7% Mont 1^ r-4 32 16% 55% 11% 114 3% May 26 6%% prefeired 100 k 109 6% preferred-100 1 2 Dura-Test Corp Lighting....* 1 Curtis Publish Duval Texas Sulph.* * 4% $7 preferred 46% * Dwight Mfg 15 Ourtlss Wright Oorpl 5% 5% Eagle (O K) pref 100 Class A 1 26% 26% Eagle Lock 25 * 11% 55 Deisel-W ommer 1% % 4% Du 1 1 12 Ouneo Press Warrants 24 r 1 r—( | Class B com..-.* Cunningham Drug Stores com 2% W* 50 Dayton Rubber Mfg New common.. ...4 Without par value, 3 32 15% 3 19% 9 7% Davison 50 i Preferred Cleveland Graphite 64% 11% Oourtaulds Ltd— % 1% 56 26% % A* 4 3% 1 13% 104 % Duff Norton Mfg..* Laboratories cl A. 6% 16% 15% A* 12* 7* 3 Darling Stores Corp $2 partic pref * Davega Sts Corp. .6 5% conv pref—25 Davenport Hos'y—* 2% ' Clark (p L) Co..—* Clark Equip Oo • Preferred 100 Claude Neon Lt 1 Clayton & Lambert * k 8^ 12 & 57 4 Dubilier Condenser 1 Dardelet Thr'dlock * 90 10 73 50 138% 121 % 13 % 100 .*, Mar 4 Darby Petroleum 5 10% Darco Corp 8%pfl00 ... 74% iPont'l Oil (Mex)-.l , 5% Preferred .100 Oudahy Pack-...50 Cutler Hammer 23^ 66% iR* 47* ~3% 14% 30% Dri Steam Valve..5 Driver Harris Co-10 Preferred ..*100 Dryden Paper * 7% preferred—100 8% preferred—100 Dentists' (The) Supply com—..10 6% preferred Derby O & Ref com * 72 Inc..—1 12 23 % 11% 19 79 Curtis 23 88 15% I2y* * ..100 77 30 7% 3% 90 May 24 1% 1% 4% 4% % % preferred-100 Class 104% 12% City Auto Stamp..* City Ice & Fuel * 6H% cum pf._lO0 City & Sub Homes 10 City Stores. ...5 Clark Controller—1 20% 20% 7% 7% 32 6 Cin Un Stk Yds— .♦ 19% * 111 116 2 5% preferred—100 Part conv n-c A.* Cons Mach Tool un¬ 7% Cons 3 Preferred .50 Chester Pure Silk Cinecolor 80 2 1% 31% consolidated Oil * Oonsol Retail Sts.-l 118 Chrysler Corp.....6 78 10 21 J8* Tobacco Preferred-15 Common... * Conv prior pref- . * Dow Chem com * Dresser Mfg com.:* Dresser (S R) Mfg— 5 8% Preferred 100 Charts Corp 10 Checker Cab Mfg.5 10 Cuban 7% T 8 70 24^ 95 30 ..... Common ii» 3* 11% Doubleday Doran.* Douglas Aircraft..* Douglas (W L) Shoe 1 7% preferred-.100 Cuban Atl Sugar— 2% 31% 158 48* 33 % 28 Co 120 33 3 12* Glass. 100 Preferred100 Dominion Steel & Coal B .25 Dominion Stores—* 24% Lithograph-.* 97% Chic Yellow Cab-.* Chickasha Cot 0.10 112 24 Per 18 110 Dominion 36 Dennison Mfg— Class A ....10 1 Chic Towel com * Conv preferred..* 110% Preferred Cuban Am Mangan 2 Cuban-Am Sug 10 9 Bid Par Dow Drug.. Preferred 84 4 20% 98% Chicago Nipple 5 Chic Pneu Tool....* S3 conv pref. • $2.50 prior pref..♦ Chic Ry Equip...25 Chic Rivet & Mach 4 27% 2% 4% 15% 5% 9% 5% 10 5% 12% 16% 6 & 2 De Mets Inc pref..* 6% 5% 3% Chamberlin Metal . 27 107 % 1% 10% Cons Film Indus.. 1 2% Preferred .* Chic Elec Mfg A.** Chicago Flex Shaft 5 Chic June Rys & Un Cuba Co n» $2 cum part pf-.* Cons Laundries ...5 16 Hosiery 6% pref 10 Daily News--* 15 ■SI# 76 8% 28 Chic 27 i8o* 11" 1% Crown Cork Int A.* Crown O'k & Seal.* $2.25 pref w w..» Preferred x-w. * Crown Drug com 25c . '7% 4 1??* 10% 14% 105^ '7% 7 7 Chain Belt com—* _ * 2 4% 4% 3% 4% 85% 8% . 6% pref 1 pref * 23% m 6%% prior pf-100 7% preferred-100 33 30 conv * .100 Class A. Consol Biscuit —1 Oonsol Oar Heat. 100 Cons Cigar Corp..* 13% 3% lishing Co $5 conv pref..—* Crucible Steel J.. 100 7 % preferred- 100 Crystal Oil Ref * Compressed Indus 20 Centrifugal Pipe.. * Century Rib Mills.* 7% preferred-. 100 Certaln-teed Prods.! 0% prior pref. 100 Cessna Aircraft i _ Mach vtcext...l 57 % 11% Preferred.. .25 Crown Zellerbach—5 Oompo Shoe 55 20 Central Paper ! Preferred ...10 Cen Violetta Sug—. 128 62 127 60 960 $2 preferred 4 5% preferred 100 Cent Ir & Steel..100 Cent Ohio St Prod.l Chapman Valve Ooium Carbon v t c * Columbus AutoParts com......* llH Central American Plantations --.100 Central Cold Storage Common 20 Cent Foundry com.l Fibre— pref..* 90 $7 preferred-—-* Central Aguirre Associates ..* Central Airport * 82 12 conv 94 1st preferred-—-* 2% 28% 133 10 26 $2.75 18* Celotex Co com * 5% cum pref.. 100 Celluloid Corp 15 2% 130 Vot tr ctfs com..* 7% 18% 3% 45 % 105% 20% 5% Petroleum (Md).5 14 Common.-..-..* k 6% 18 Caterpillar Tract. .♦ 5% preferred -100 Celanese Corp * 7% prior pref.100 1st partlc pref. 100 Paper Columbia Mills.. 100 Columbia O <fc G_. -1 Columbia Pictures- 250 Castle (A M) Co..10 Catalin Corp. 1 Weather Strip Arms Mfg 80 115 * 1 * — Crowley Milner Colt's Patent Fire •»!* Ik* 77 . ..... 7% . Products---* Case (J I) Co 100 7 % preferred- 100 Case Lock wood & Brainard Co 100 Case Pomeroy .5 Col Fuel & Iron...* Warrants Colson Corp 1 25 3% 30% 15% 13 H Carrier Coro —1 Carriers & General.! Carter (J W) Co 1 Ordinary snares.. 6% conv pref.... .?* 51 % 21 Carman & Co A * Class B ....* Carnation Co * Colonial Beacon Oil * Colon Development 78 6% (Philip)....* * common Crocker-Wheeler Croft Brewing 29% Prior Preferred.50 Crown Central Collyer Insulated 6 Capital City Pro i.* * 5% preferred—100 Collins Co......100 2H 2% Stocks trust ctfs.* Creole Petrol--—.-5 Preferred 43 Stocks Dominican Coal pf 25 Cream of Wheat 0% preferred—.10 * common Collins & Aikman 6% preferred. .100 5% preferred—100 Carib Syndicate.25c 39 \ Ask Per share VA 40 Bid Crowell Collier Pub¬ Colgate-Palmollve- Can Indus Alcohol— Champion * Coleman Lamp & Stove common..* Peet Ci A voting-.-..* CI B non-voting-* 6% 15% Par Crosley Corp.. Utensil com..—* Cluett Pea body * 7 % preferred- -100 Coca-Cola Bottling of New York-.—* Coca-Cola Co.....* — Preferred.-.100 Carey 39% Clover Val'y Lumber Preferred A...100 Club Aluminum 33 105"" ..... Airways Canadian Dredge 2.00 16 * B 77 58 Can Wire & Cab A.* 1I8 Clinchfleld Coal. 100 Preferred ! Clorex Chemical.. 9 Class B ♦ Canada Packers...* Canada SS Lines..* Preferred. 100 Stocks Per share 5 5% 6 7 Climax Molyb¬ denum Co..... 8% 94 , Ask Bid Par 87 stocks miscellaneous possible for the closing day of the month preceding the date of lssu6 Cleve Tractor Olev Un Stk Yds. Cleve Worsted Mills Common. * Cliffs Corp v t c— 105 55 8% Canada Cement. 100 Preferred 100 Can Dry GIng Ale.5 Canada Forgings— Class A........* Class Stocks Per share 3 6 & are as near as 27% 30^ 35% 36 29 30 Ex-dividend. Morse * 7 93 3% 33% % 3% 29 Quotations for all securities are Stocks Ask Bid Par a» near as Stocks possible for the closing day of the month preceding thq date of Issue Ask Bid Par ' 11 General 1 22% 22% 23 X 23 X Gen 5% 5 Fansteel Metallursr * 24 21 4 Fashion Park com_* 4 * 7 11 Preferred Federal 21 25 35 X 3% IX Fed Screw Works. .* 6 24 33 prefeired-IOO 74 79 * 31 33 20 22 88 16 163* 17 X 17 X Filene's(Wm)Sons * . 10 $6 X %« Finance Co of Pa 100 Firestone Tire & Rub Common 10 6% pref ser A .100 First Nat Stores—* 17% 21 6% 20 X 20 104% 45% Rubber Corp.l 10 % 85 Cement 15 21% Fla Portld Cem 40 Glddings & Lewis 30 X 18 % 31 GilchristCo 19 t s. * Florsheim Shoe com* Flour Mills of Am. * S5 ~2~ ♦ 10 Bros—* 2 Preferred __—100 8 Fohs Oil ~3~~ New 11 4%s Foote 27 X pref. 100 conv Mach Glidden 5 2 X 4% Foote Burt com Ford Motor Ltd— m * 2% 5X 7% * Class B * is% 19 X Godchaux Golden State Co IX Goodall 66 X 3 73 * 1 * 3% IX Four Wheel Drive.10 Fox Film class A * Fox (Peter) Brew__5 F-R Publishing * Francisco Sugar Franklin Process 19% 13% 2% * 27 17 20 Freeport Sulphur.lO French Investing-.* °o% 21 10c 35c 100 5% 1 m Partic conv pref 15 Fruehauf Trailer__1 Fruit of the Loom 17 X 1 Grand Fuller Brush com__5 Preferred 100 Union Varn.* -1 1 22 24% $3 convertible—* 26 27 Pr?feiTed 39 41 11.80 prior pref.. * Gair (Robert) com.l 10 (jt Houston* 14" 1st Great 16" Gamewell Co. 10% 11% conv pref—20 Garlock Packing...* Gar Wood Indust 3 Gaylord Container. 5 5% conv pref..50 Gen Accept'ce Corp Class A -.5 & 101 13 X 62 64% 38 40 4 14X 46 14 1 2 3 4X Texas common. .5 10 3% ~ - - — 23% i% 5% 46 X 8X 5 * 2X 11X 7% preferred.-100 22 % 45 Withcjit par value. 26 1 Preferred 25 Warrants Engineering 1 11%' Gtiantanamo Sug..* 8% preferred.. 100 23% Gulfboard Oil j 47 A; Last sale, ulf n • ')! < 'or 1 J*\ 12 1%] 33% p Nominal, 16% r 8% % 13 70 71 „ 100 61% 108% 8% 35 134% 20% 103 63% 109 9% 40 10 ~6~ 8 Indus International I Match £1 Int Mercan Mar int * Nickel (Can)..* 7% cum pref. .100 International Paper 6 Power 5% conv .151 com. pref.. 100 Warrants Internat 56 3 49% 125% 8% 32% 2% Petroleum Coupon shares..* Registered shs Internat * Prod. Pulp * 24 23% 3% * 3 100 Preferred- 72 1 3 1 16 17 preferred..5 25 Interstate 10 15 25% 17 ' $5 conv pref..100 Hiram Walker see W 91 94 (C E) Co A..* 42 Class B * Hoe (R) class A. .10 Prior pref 65 50 22 7% preferred...21 Common * Hollander (A )& Son 5 Holland Furnace.10 J 13% 3% % 7% 38% 107 * * Holly Sugar ....* 7 % preferred 100 . Holt (H) & Co A__* Honolulu Oil * 6 1 8% 40 108 11% 12% 12 12% 95 May 10 7 17% ... 8 19 ~2~" 37 5^ preferred. Statler _ 4% 100 k 110 com.* 20 1 "3% 5% 37% May 22 22% 1% Houdaille-Hershey— Class A * 31% Class B * 12 69 108% 70 109 Field 1 com pref_20 3% 15% Houston (hi (Tex>— Vot tr rtfs. ,25 6% conv Howe Scale * 4% 17 com .100 preferred (Harvey)_5 Bubbeh Mot Car..* Humble < >il & Rpf H urnme'-Ross * "8% 12"" 37 4% 9% 5 58% "5% 9% 5% 59 Hunter Steel com..* 20 3 1% 6% 5% 11% Iron Fireman vtc._* 16% 17% 1% Irving Air Chute. 1 Irving (John) Shoe.l . . w__25 13 Jackson (Byron) see Jacobs (F L) Co 1 Jarvis (W B) Co.. .1 "B" Preferred Jefferson w * Ele««trlc__» Jefferson Lake 011% 10 P-eferred 2% 24% 1% 17% 3% 7 25 18 • Jenkins Bros 75 Tea Johns-Manville... * 7% preferred- -100 Johnson Oil Ref 76% 130 * 3 100 Johnson Tin 70 Foil 3% 2% 7% 33% x Ex-dividend. T Jonas & Naumb'g2 % Jones & Laughlin 1% 100 27% 28 46 48 39 41 23 26 Steel common. 7 % preferred 100 Joslyn Mfg & Supp.5 Julian & Kokenge.. * Kahler Corp 100 _ . 130 — Kalamazoo Stove & Furnace 10 com 16% 1% KC Stk Yds Me. 100 46 100 84 Preferred Katz Drug com Kaufman New Dept common 1 St's 4% 1 8% 5% conv pref. 100 10 90 5 10% 90 Kaynee 100 4% 98 5% Kayser (Jul) & Co.5 14% 15% Kelth-Albee-Orph— 7% conv pre' TOO (Geo O) Co— 7% preferred.. 100 85 98 22 Keith Keller Dorian Kellett Autogiro 20 1 Kellogg (Spencer) see Kelly Sprlngf'ld Tire Common 2 t New stock, 10% 1 * • Equipment Hosiery Intertype Corp Colorfilm Fibre 5 6% preierred 82 Preferred 6% 1 Hudson 35 Kane Carburetor * Oil Material 32% 12% Finance Common 3 * 6 Metal 100 Hard't(N Y")_* 24% Dept St's* 7% preferred-.100 Jewel Horn ( \ C) com. I Prior preferred..5 -Hotel $5 preferred Jeannette Glass Hooker Electro Preferred 100 . Interstate 5% 15% 30 ., _ 5 98 pref Holophane Co. conv - % 31 Interstate Home— 14 Canadian price, Internat 2 59% 159% 2% 87 Chem 1st preferred 17% 1% * Int Vitamin Corp__l Interstate Bakeries* Hilton-Davis 2nd 19% 3% Harvester • SI 50 % 6% 14 21% 7 % preferred Int Text Book Houston 2 176 9 5% preferred.. 100 2000 24% 94% 2% 9% 1% 20% 8 Household 29% 77 35 r . 19% 12% 98 150% 10 Spenc 24 5% tm 7% preferred..100 20c % 12% 132 9* 15c 21 Bart & Co com.25 Common com 166 Hormel & Co com..* Grumman Aircraft 1.00 115" 165 7% 1% 32 Howard Aircraft % 5% 17% 2% Publishing pref—* 106 15c 1% 1% Internat Educational 9 5 1800 8% 11% 25% 33% 28% 1% 8 91 140 Interchemical Corp * Sewing Mach—10 Tnt Cigar Mach * 83 33% 19% 12% 4 10% 12 5% * 7% prior pref. 100 87 2% 38% 26% Steel Tnt) Business Mach.* Internat Button Hole 79 23% 27% Ingersoll Rand * 6% preferred-.100 9% lOO 130% Rayon..* 4% 12% 4% 12% Chemical com.100 100 Industrial 100 1 6% preferred-.100 Border's Inc com..* 10 Watch 3% 5% 41 47 X 9 140 3 36 30% 38% 21% 37 Group No. 1 Oil—.* Group No. 2 Oil 1 American 138 X 90c 2% 46% 2% Preferred Indus Machine 6% 6% U 32 Internat Shoe * Internat Silver...50 5 Preferred % 13% 31% 24% 100 1st pref 10 Indus Finance vtc -1 Intercont Rubber. _* interlake Iron * Int. Agricultural._* Hotel Waldorf-Ast.l 26 Cum prer 1% 1% 3% 5 Preferred $5 15 1 6 2% 8% Common Hires 10 138 Oruen General * com Indus Brown Hoist 1 15% May 12 Horn 98% 129% 53c Oil non-vot A B Inland 3 1 Indus Accep Corp 108 29% 7 9% 80 5 106 19% 3% 2% 5% 2% 1% 45% 2% 31% 18 "6" 24% 4 31% Pneum Cl^ss 25c 16% Indiana Pipe Line 10 Indian Refining..10 6% 76" 25 Preferred Brew 5 % % pref 25 Gror M--re 1 Tod.25c IX 2% Gen'l Amer Oil of * 8% (L) & Bros Greyhound Corp..* 6 % % preferred. 10 Griesedieck Western 12% Transportation. _5 Baking—5 58 1st pref * General Box Corp.l 22 51.50 preferred. Green (H L) Co—1 20 1 General Bronze Dock 17% Dredge Greif 10% General Cable Class A Lakes 20 4 16% Indiana Steel Prod. 1 Indian Terr Ilium Gas Hlnde & Dauch 2 Am dep rets ord £1 Tool ♦ Indian Motocycie..* Preferred .10 Indiana Gas ic Chem Common 5 Internat 100 x Int Safety Razor B_* Internat Salt * $1% 58 7*7, preferred. 100 Greenf'ld T'p & Die* $6 preferred. .100 4% 16% 48% 17 Genera] com.. preferred.. 100 W'house (Ohio). Great ^ or Pap .25 Great West Sugar. .* preferred_20 Preferred 100% Great Lakes Term Gen Alloys Co— Preferred __10 Conv 10 98 _ Common Preferred Tea Pac 82 pref— $6 conv pref— Gardner-Denver. conv A Great. I akes SS Gannett Co Inc— $3 .*tl Non vot 2% 10 Galveston $6 100 Gray Mfg Co 2 Gallager&BurtonA * % 13 4% conv pref-100 Fuller Mfg com 1 $3 Preferred 1% 14% 30% 24% 4% 33% 2% * 5 5 7% May 24 15 15% 15% 14% 1% 11% 1 % 4% Heywood-Wakefield 6 6% preferred—20 Grat.cn A Knight.. * 2% 1% 2% 8% Hevden Chemical. 10 % X 5 City St'l * Grant tW T) com.10 Gabriel Co cl A_._* $4 conv nref Hewitt Rubber X Granite . Hershey Chocolate. * '2 71 96 10 1 Hercules Motors * Hercules Powder __* 4% Brit & Irel'd Realization 6% preferred.. 100 Hershey Creamery. * Preferred 100 9 18c common-10c Iron 60c Fuller (G A) Co— Common Haps $3 ciim conv pf—* Granile City Pig 45c "3% 3% 69 Grand Rapids Brass 1 Preferred 5 7% 17% 19% Fuhrman & Schmidt ooin * Films. _1 Grand 18% Units. Brewing 57% 1% 16% 21% 9% Vat * Royalties 68 Grand Froedtert Grain & common r Hosiery com * 7% preferred.. 100 Graham-Paige Mot 1 6% 1 Common r Gossard (II W) Gotham Silk S" Oil Helvetia Hendey Mach Hendrick Ranch Hibbard * $3 preferred * Gorhani Mfg vtc.' 29 25 7% non-cumpflOO Newureferred Canada 3% w__25 w G W) 28% 99% Preferred -.50 Gnrham Inrcom A.* 16 (W E) com.2 Hiawatha Oil & 69 pref * T & R of Goodyear 14% 14 * Franklin Ry Sup..* Franklin Simon see 3% 3 * 5% 17% 69% 28 $5 conv A Class 4% 17% * com 10% 1% 8% 3% 7%: 7 %1 19% 48 * * $5 preferred Goodyear Tire & * 8 1 28" 27 10 $3 pref * Indiana Limestone. 1 75 Parts Corp com.3 Helena Rub'stein..* 44 1 Rubber cf Canada 5% 00 H\ * Worsted.50 Good Humor Corp Goodrich (B F) Foundation Co 4% \VA 34 32 50 2% $7 conv pref Foundation Co 11 1% 8% Helme 14 com.. 12 2% 1% 1 7% class A pref. 25 Preferred 58 97% 2% * Bros "5% 100 95 Helleman Brewing. 1 Hein-Werner Motor Heller 10 94 * 18% 6% 6% 51% 6% * Golconda Petrol 18 _ 20% * Goldblatt 5 Common Hecker Prod 27 19% * 2 340* 25% 7% * — $7 preferred 6% conv pref. _50 67 3% 4% Hearst Consol Pub Sugar— Preferred 2% IX 1% 5% 6% * Preferred Goebel Brewing 1 27% 39 35 * Class A Ford Motor France Malt Wernicke 20 Am dep rets Fort Pitt Brewing. 1 Foster Wheeler- 10 Preferred ..* Class n Class A Foreign shs A * Co Gobel (Adolf) Co..l 4X Am dep rets ord__ Ford Mot of Can— 5% 9% 56% 13% 4% 17% * Preferred 100 Preferred Globe & com 49 4%% conv pref 50 Globe Knitting..2% 107% __ Gear Bros * 5 Glen Alden Coal 10 Food Machinery 5 $6 preferred * Harvester.* IX 28 X * Glass B Hazeltine Corp * Hearns Dept Stores 6% Gleaner 6 1 Devices Hathaway Bak A__* Hazel-Atlas Glass.25 19% 2 --* Bros 6 % % pref w w 100 Hayes Body 29 * pref R) (L Gimbel 2% 10 4 10 I w C)- —..* conv Gilmer Follansbee Steel— Food (A Preferred * - (■referred Follansbee Gilbert 53 1 Common 4% 27% 3 X Gillette Saf Razor.* u Florence Stove. 20% 102 6M * 39 * com 5 A__l 1X 50 13 X 21X D & D Mfg 5c 50 com Preferred Gibson Art Haskelite I 2 35 107% £1 k Independent Schaffner 4 1 com 5% $7 conv pref....* Hawley Pulp & Pap Giant Portland— 10% 83% B Georgian (The) Inc 8% class A pref. 20 46 9 7 (M H).__* Class 105 21% 12% 13% 4 Flintkote Co com..* - 20% 100% pref A 100 5% 4% 20 25 100 Imperial Oil Ltd » Registered shs...* Imperial Pictures 1 Imperial Tobacco of G * and Marx Harvard drew 8% 1% Imperial Tobacco 4% 25 Ideal Cement Illinois Brick.. 8 of Canada com..5 22 148 144 * Hat Corp class Glass B n-v 97% Genessee Brew A. 6% preferred-.100 FitzSlmons &Conneli Fisk cum 100 97 5 Hartman Tob Hart 26% 15% 12 6 %preferred_ .100 Gen Tire & Rub—. 5 140 135 * Gen Theat Equip. Gen Time Instru..* 26 24 * 89 IX 20% 12% pref conv 21% Cooley 7% prefunstpdlOO 7 % pref stmpd 100 Hygrade Foo i Prod5 Hygrade Sylvan...* 6%s conv pref * Indus rets * * com 1 Imperial Chemical Hartf'd Rayon vtc.l Preferred 100 87 14% 21 5% Hart & 1; 18 19 2.2 " Harni8ch fegerOorp 10 109 • 99% 5% $5 preferred—100 » 25% * _ ■ 17 99 20% Potter 8% % 17% General Shoe 'M" Field (Marshall) see 6th Ave Coach—25 Refractories. Gen Steel CastingCommon 49 8X 108 6% preferred--100 Gen Corp. Preferred 1 Fiat Am dep rets— Fidello Brewery—1 8% 6% 3% 15% 50 Harrisburg Steel Harris Seybold 36 * 100 $5 cum pref 4% 4% ♦ $6 preferred Watch..* 6% preferred.. 100 * 14 Harbison-Walker 12 Gen Rayon A stk--* Gen Ry Signal * 26 86 Fishman 124% Preferred 25 General Print Ink- -1 36% IX 3X IX 4 % % preferred 100 Trading 124 Common Refractories com * 120% 44% 6% 2% 12% Preferred Hanna (M A) 87% 44 A 1% 12% 13% Hammer mill Paper— Common ——10 Hammond Instruml 89 85% 120% pref.-100 cum 20 $6 preferred 16 Common Federated Dept Sts * G 14 * Hamilton 115% 85 16 Mfg— Cl A pref part—10 45 44% 100 •a Huylers Inc— Hamilton — — rjlncfl 7 X 24 Federated Publica's* Ferro Enamel 1 F Mills — 113 * Gen Plastics Federal Match units Federal Motor Tr__* 11% Gen Optical pref -_* Gen Outdoor Adv't'g Compress Warehouse & 5% 6% 11 % $5 preferred--— .* 4X 2 18% 2% 12% 13% 106 5 il" % 7% Hussmann-Ligonler * 3 Hall Lamp com * Hall (W F)Print'g 10 Haloid Co 5 36% 18% preferred 100 General 1 Fedders Mfg 5 Federal Bake Shops* Preferred 30 36 1% 10% 1 6 * Hajoca Corp.. Preferred Ask Per share 4% & Alabaster Ltd. * 124 2% Bid Stocks Hupp Motor Gypsum" Lime Motors. .10 6% Farnsworth Telev & Radio ' Ltd— Machinery 4 % % General Farmers Liquidating Corp common— Elec dep rets reg £1 Gen Finance COrp.l Gen Fire Exting * Gen Fireproofing-- * 7% preferred--100 Gen Foods Corp * $4.50 preferred-_* 17% 24 % X • Fanny F'mer Cand.* 8X 22 5 Am * 50c 2 Famous Players Can Go p com..» 97c 12 122 7% preferred--100 Gen Crude Oil..2% General Electric * 25 X 92c * Preferred 105 5 Ask Bid Per share 10 20% Gen Cigar common * 24% 8% 6% conv pref 1 Family Loan Society Famise Corp Class A Gen Candy A 3.05 102 $6 conv pref * Fajardo Sugar 20 Falstaff Brewery--1 Common 11X 2.85 1 Par Stocks Per share Per share Fairchild Aviation Fairchlld Eng <& Alrl STOCKS MISCELLANEOUS & INDUSTRIAL 88 ..5 % 1% "S" IK & INDUSTRIAL June, 1939] Stocki 10 1 1 Co com...-* 98 1034 734 7h B 6 $6 part pref A * Kendall Refinlng-10 78J4 Kennedy's Inc. .5 $1.25 conv pref..* Ken-Rad Tube & Lamp A * Kerlyn Oil cl A 5 Key Co common- .* Keyes Fibre com..* Class A .* Keystone Steel & Wire common...• Kimberly-Clark * 80 16 434 Preferred _. _ _ _ 15 16 634 134 "234 3 4 1134 1134 26 2734 10834 May 26 100 Kingsbury Brew 1 King Seeley com__l Kingston Products. 1 Kinney (G R) Inc-.l $5 prior pref ..* $8 preferred* Klrby Lumber_-100 834 734 134 m 2% dh 25 40 Klrby Petrol......1 Kirknam Engine & Mfg Corp.... 1 Klein (D E) Co * Kleinert Rubber..10 Knitted Padding..* Knott Corp 1 17 634 1234 734 234 734 1334 834 1134 61"" 7 734 1734 116 3 334 1634 34 26 25 &* 434 Mar 27 10 1034 17 1934 1034 4234 434 ...._* A * Class B Preferred 1034 4134 334 .....50 . Lanova Corp ... 1 Lanston Monotype Machine Co.. 100 LaSalle Ext Univ..5 Lautaro Nitrate A.l Lawbeck Corp— 46 2% Conv 34 734 234 234 2034 11534 34 134 2134 ""34 134 23 11 1134 Leland Electric....* Leonard Oil Devel 25 Lerner Stores..—* 30 % 3134 100 79 81 934 8 34 McGraw-Hill .100 Preferred 434 37 Lig & Myers Too .25 Common 10134 10334 B....25 7%preferred.. 100 Lily Tulip Cup * 180 Lima Locom Wk» * Lincoln Bldgvtc— 27 1534 334 234 2634 Lincoln Printing... * $3.50 preferrxi—* Lincoln Service.. 100 19 preferred .50 Lindsay Lt&Ohem 10 Prior Refg...--* Lipton (Thomas J)— 6% preferred...25 k liquid Carbonic— * Liquidometer Corp 1 Lit Brothers.——.* Preferred 100 .* Locke Steel Chain.5 Lockheed Air Oraftl Locomotive Firebox* Loew's Inc --* $0.50 cum pref..* r * $5 preferred... 100 Long west Corp * No par value, "134 1334 10134 1834 734 McKeesport Tin Plate com ..10 113-r 1134 134 134 15.50 10634 10 41 6 3 Mead Johnson Preferred Melville Shoe... com 2834 2434 Menasco Mfg. * 10 ...... * 1 Mengel Co .1 5% conv 1st pf.50 .... 146 148 Preferred 100 Partic pref 16 * Transportation—* Merchants Refrig..* Preferred 100 Merck & Co com_.l 6% preferred-.100 Merarenth'ler Lino.* Merrlmac Hat.... * 38 24 . 2234 1234 2834 634 4534 Preferred. 50 . Merrlmac Mfg.. 100 Preferred 100 103s 5634 com 2.90 434 2234 4 26 1234 434 73 25 115 934 m n 25"" 11 14 , .... n 70c 734 734 Common 1 Myles Standish v t c* Nachman Springf—* * 434 Machine...5 28 534 77 —■ — 8934 137 55 2834 234 pref'ence.15 36 40 Metal & Thermit..* 94 98 t nn 120 Canadian price. < New stock. 4834 2534 80 85 434 434 34 3834 New Britain Mach 106 4 * 25 95 Lime England * New Hav Cl 4 55 New Idea com.. * N J Worsted pf__ 100 50 634% pref "534 o 5 1* 38 11 3834 1134 14 234 13 234 4 45 61~" 5934 10934 534 734 111 534 9 1334 1334 7 70 8 72 19 2034 3 234 2334 4434 1334 634 32 34 1 N Y Air Brake * * non-cum pf—* N Y Merchandise. 10 N Y Shipbuilding. .1 Founders shares. 1 7% pref. 100 N Y Transit Nicholson File 1900 Class B .5 * 1 Niles-Bement-Pond * Noblitt-S parks 5 Noma Elec Corp 1 North Amer Avia._ 1 North Amer Car..20 $6 preferred * .... North Amer Cement Common 1 Class A pref ..1 Class B pref. 1 North Amer Rayon Com class A * Com class B * 134 1134 23 134 3534 2 534 8 1134 834 74 334 2534 734 57 21 4 . 16 234 37 334 534 1734 434 7 18 17 1834 44 45 No Am 47 734 1234 734 1 ..5 Battery— * 6% prior pref..50 Refractories Class A—... * 25 , 1134 Arizona Land $5 21 2034 12 New Mexico & N Y Dock .... 1234 8, * 100 com New Process Co...* N Y Auction * ■ 34 40 5 Newport Indus.. % 534 5 5 70 65 114 234 12 1434 14 3 2 4734 2434 Preferred.-.100 New Bedford Rayon Class A 25 86 7 1 14 3 65 5 common.. 134 1134 Nash-Kelvinator __5 Preferred Nat Beilas-Hess 5% preferred—100 Bedford Cord¬ 83 534 Fibres common.. 1 1034 2934 New New 58 534 Apr. 14 334 234 ~9*" National * units k 5 Nat Aviation. 234 . 7 % preferred- .100 7 Nast (Conde) see C Nat Acme Co 1 5 2634 2434 National Automotive 34 * 1 100 age .1 conv 334 134 734 34 * * Common Narragansett Rac'g 1 Metal Textile Oorp Common _25c r 55c * 8% conv pref—25 26 16 Nominal, class A 12 40 Newberry (J J) Oo— Motor Finance New preferred * Mueller Brass Co..l Nebel (Oscar) Preferred 50 834 3734 Nestle-Le Mur cl A * 50 35 89 & Machinery.. 100 Mtge Bk of Colombia Amer shares. Mortbon Corp A..1 100 Preferred Neptune Meter A. . * 8% preferred. .100 34 131 viyers (PE)tVc Bros.* 6 22 58 Partic 43 168 47* 10 A Co Ltd 7% preferred-.100 Nat Supply (Pa)..10 534 % pr pref—100 10-year $2 pref. 40 6% prior pref.100 Nat Tea common..* National Tool——1 Nat Transit—12.50 Nat Union Radio 1 Natomas Co * Naumkeag Steam Cotton 100 Navarro Oil —* Nazareth Cement. 10 Nelson (Herman) 29 38 3734 National Supply— Nehi Corp com Neisner Bros.. 4 34 % conv pfd Morse Twist Drill pref * 5734 Munsingwear Inc..* 3.00 Munson SS pref A.* "C" units 434 Murphy Varnish 100 Preferred .100 18 Murphy (G O).—- * 89 5% preferred.. 100 Murray Corp 10 "434 Murray-Ohio Mfg.* 2734 Muskegon Piston Ring com—.2.50 16 Muskogee Co * Preferred 100 634 Muskegon Motor 77 Spec cl A.—....* 26 Mutual System 1834 Messer Oil Corp...* Mesabi Iron 1 Mesta 28 27 .,5% conv pf A. 100 $7 5434 634% pref A100 108 17 2 26 Moore (Tom) Dist.l Moore Drop For A.* Morrell(John) & Co* Morris Plan com 25c Preferred ..10 Morris Plan Indus Bank ..10 Morris (Philip) Class B Merritt. Chapman Scott 171 Mullins Mfg Corp— Merchants & Mfrs Sec Co class A.l 5134 17234 234 222 Moxie Oo 61 123 5134 100 1341 58 51 98 119 165 30 954 134 134 9634 11534 12234 Preferred A... 100 11 834 40 Montgomery Ward— 28 k Last sale, 234 9934 3 21 2 *8% 4 19 334 234 *834 2734 1134 3034 pref..10 95 185 17 65 Nat Sugar Refg. .—* 2834 334 9 pref.100 McQuay NorrisMfg* McWilliams Dredge* Mead Corp com ;* $6 preferred serA* $5.50 pfser B ww* 10434 Nat Steel Corp...25 434 McLellan Sts com.l 1C434 17 47 20 834 ? conv 56 10 4 "434 6% 100 Nat Steel Car Ltd.* 10 38 , conv Nat Standard 4* 112 2 Conv preferred. .* Motor Improvem'Cl Motor Products * Mot Wheel Corp. .5 Mount'n & Gulf Oil 1 Mountain Prod 10 13 1234 1834 May 5 1534 1534 434 334 134 134 4534 - 8734 634 134 1334 10234 1934 734 14.50 McKesson-Robb'ns 5 $3 1234 36 Nat Shirt ShDel..* Conv part pref—* $6 preferred. Monticello Tobac.-l Monumental Radio 1 Moody's Invest Serv part pref ._* Moore Corp com..* "334 * 1034 12 ..* * 3 32 Nat Service Cos—1 134 Common 1 534 % preferred. 10 Nat Refining new..* $6 prior pref * 8% cum pref. .100 40c 104 17 Cum pref ser B__* 434 134 Natl Pump com—* 10 Monroe Chemical..* Preferred * Monroe l.oan Soc Al Monsanto Chern.. 10 $4.50 pf ser A...* 234 1734 5% preferred.. 100 National Pressure Cooker com.....2 30c 100 3634 Nat Paper & Type— Common 100 Nat Rub Mach pref....* McKlnney Mfg... • TVcfprred * 634 87 16 86 6 3034 1334 Mercantile Stores..* 28 10o 50 10 2334 2134 1134 4 534 Preferred B 13 3534 634 1034 934 4834 234 Common.... 234 4834 3 Monogram Pictures 1 5034 40 0 33 r . 175 4934 434 9834 2934 Proper.5 15 Lone Star Cement.* 2534 170 Mercantile Loft Inc Long Bell Lum A..* 1734 2634 234 1034 Loew's Bos Thea.25 ..* 17 Merchants & Miners ....1 Class B "534 39 3434 534 934 1534 Lion Oil Loblaw Groc Ltd A* 34 Pub.* ..... Class A "534 37 234 934 934 Line Material.....5 Link-Belt Co Lionel Corp......10 Lion Match.. • Class A 3 51 Preferred .....-10 3 17 3734 1234 3534 234 4234 353-s 234 4134 ..... 2 Lib McNeil & Lib-*. Life Savers Corp..5 1534 36 12 Refining pref.. 100 * 934 3234 234 4734 h* 3.75 25 Monarch Mach T'l • Midwest i?H McCall Corp 1 1234 534 1634 11 Preferred 1534 McColl-Frontenac Oil Co.. * Preferred 100 McCord Rad cl A-.* Class B * 834 48 8 Modine Mfg com--* Moloney Electric A* Molybdenum Oorp l 15 * Le Rol Co com...10 434 M onolith Portland * Lessings Preferred 334 534 % preferred..* Nat Oil Products-.4 Missouri Kansas 97 100 Master Electric... 1 McOrory Stores 1 Conv 6% pref.100 McGraw Electric.. 1 ...1 Le Tourneau (R G)1 Ley (Fred T) & L*o.* Libbey-Owens- Ford * Liberty Baking..—* 36 3434 , Preferred 7 % preferred- -100 May. Dept Stores. 10 Maytag Co * 1st $6 pref......* $3 cum pf ww ..* 6534 1234 434 1534 Pipe Line A—...5 Class B 1 4 18 Steel Castings..-* Nat Mfrs &Stores._* 112 49 34 25 common— 94 Nation *1 Malleable & Monolith Portl Cem Common * 134 Marion St Shov—* . 1.70 5 McCahan Sugar 19 Inc 1.40 3 Margay Oil Corp..* . 22 2034 10 Math'son Alkali 3 Lebn & Fink Prod.5 434% pref ^934 Preferred. 100 Marchant Calculat . 1634 234 1034 34 60 preferred. 100 6% Nat Lock Washer.20 43 Mo Portl Cement. 25 Mock Judsoo & Voe 1534 234 2134 160 144 100 100 7% pref A 6% pref B 4 434 1 B common—. 30 1034 Preferred 100 Maracaibo Oil Exp.l Massey-Harris. 33 A 93 pref. .* Lead—.10 conv National 2434 1134 6434 Minn Min <"fc Mfg..* Mission Oil. 234 110 49 Minneapolis-Moline Power Implem 1 $6.50 cum pref..* Mission Corp 10 Mission Dry Corp „34 Mapes Cons Mfg..* Maple Leaf Mill.—* 17 7 4% conv pref.100. Lehlgb Valle* Coal * 6% cum conv pf 50, Lehigh & WilkesBarre Corp * 2 2 com.l Natl Gypsum Nat Licorice com 100 9 "634 2 1134 1134 National Leather. 10 2 234 234 2034 1034 Miller (T> Sons com 5 8 % preferred. . .50 12H Corp * 5% A conv pf.100 2534 preferred..* Common—..$2.50 Machine 1134 Mississippi Glass— Masonite 234 3234 34 Leh Coal & Nav—* Leh Portl Cement.25 7 332 Martin (Glen L) 1 Martin Parry Corp * 25 pref......* 25 134 Marshall Field & Co* 334 10 8* 20 —1 * New class A Nat Fuel Gas $4.50 734 134 2 Manufac's Trading 1 Preferred 35 234 34 734 1 134 * Paper..25 1434 99 96 Brewing .1 Minneap-Honeywell Regulator ...» 4% pref se- B.100 * com 15 Lawrence Portland Cement 100 Leath & Co com—* Preferred. ....... Lebanon Steel & Tr.l Lee Rub & Tire -.5 Lefcourt Rlty Oorp 1 * 8 * 27 6% preferred.. 100 Conv Preferred 100 Marlin Rockwell.. 1 48 2 14 Supply common.* 3 1634 11034 10834 534 434 2534 1134 134 * New class B 112 108 8% 1st pref 100 $2 n-c div shares.* Mansfield Tire & Marathon Bakeries- 334 2434 Mid West Refin 22 Gas 1 Nat Dairy Prod * 7% pref class A100 7% pref class B100 Nat Dept Stores.. * 6% preferred.-.10 234 Miller & Hart— 634 934 Nat Cylinder 2334 pref conv Mid-West Abras.SOc Midwest Oil 10 65 1834 634 Nat. Cash Reg . Nat Container (Del) 1 .* $2 1534 534 99 Midland Steel Products com.* 36 55 * $7 Nat Dist Prod Minn common 1334 Preferred 23 Nat F-nam A- Stpg_* t c Mid vale Co Manning Bowman Rubber 334 1334 634 * Nat Casket com 27 16934 6 National Candy—* Nat Fireproofing_.5 Nat Food Products Class A old 1 v 27 3534 1434 _ * 101 Preferred..——* 6 Co 124 1634 34 434 Midwest Piping & MacWhyte Co— 8% preferred.. 100 Macy (R H) Co Inc * Mad Sq Garden...* Magazine Repeater Razor com —.1 . ,34 334 * 24 Manhattan Shirt.25 1734 Corp 1 Landers. Frary & Clark ..25 Lane Bryant Tnc..* 7 % preferred. . 100 Lane Wells Co 1 Langendorf United Class Co—.* Manischewitz Lanatin J* A* i* Preferred——-* Mack Trucks Inc—* Manh-Dearborn—* 18 Lake of the Woods Lambert Co......* 30 13134 134 . Oil Corp— t c Midland 2634 29 134 2534 50 * Preferred. .100 Lakey Fdy & Mach 1 26 7 % preferred 100 National Bronze & 334 v Class B 334 130 Mangel Stores— Common ....1 $5 conv pref....* 2534 10 Products com...l Mid-Cont Petrol. 10 Middle States Pet— , 534 2634 Preferred _ 534 234 a Tube.234 Sugar...* Class A Mandel'Bros Inc..* 24 1634 Milling 334 134 534 134 134 534 1 1 Mich Steel Cast Mich Steel 2634 16734 10 Nat Biscuit Aluminum Fdy—* 7* 634 Mickelberry's Food 2 23 6 7 2534 50 1 18 103 34 1 Gas & Oil Michigan 99 12' 6f>~" 2334 2634 1134 534 Lago Petroleum... 1 10^4 2534 $2 preferred * Mahoning Invest 100 Majestic Radio & Television com.-l Major Marketing.. 1 Mallory (PR) * Manati Sugar com 1 Option warrants.. Preferred 100 5 .* Mich Chemical. Mich 96 1134 40 Kysor Heater....-1 155 24 634% conv pf-100 Ludlow Mfg Assoc.* Ludlow Valve com_* Preferred -100 Lukens Steel 50 Lunkenheimer Co— 634% Pref 100 Luscombe Airpl_50c Lynch Corp -5 Mac And & Forbes 10 6 % preferred- -100 Macfadden Newsp.* Macfadden Pub—* 134 Mexican Petrol.. Mahon (R C) 11 9 Baking common.* _ 534 1 Mich Bumper—..1 2334 152 134 934 20c Louisiana Oil Refg.* 434 Mexico Ohio oil 23 Bid Par Per share Metrop Playhouse. * Mexican Eagle Oil.* 110 12 8 Koppers Oo 6%pfl00 Kresge Dept Stores 1 4% preferred.. 100 Kresge (S S) Co. .10 Kress (SB). » Special pref 10 Kreuger (G) Brew.l Kroger Grocery & 1st preferred.* 100 2nd preferred.'. 100 Stocks Ask Bid Par Per share 140 100 112 Loriliard (P) 10 7% preferred.-100 MacMillan 45"" 234 Kobacker Stores * Cum pref 7%.100 Laclede Steel 734 334 634 Stocks 1934 109 Loudon Packing—* 17 3 1834 Loose Wiles Bis..25 Louisiana Ice & El. 434 Ask Ithe month preceding the date of Issue Per share 5% preferred--100 Lord & Taylor.. 100 90 Conv class A Kendall 7 6H Bid Par Stocks Per share 23 2334 Kellogg Oo * KelloggSwitch & S _* 5% conv pref-100 Kelsey-Hayes Wheel Class Ask Bid Par 89 STOCKS MISCELLANEOUS Quotations for all securities are as near as possible for the closing day o 1034 3334 34 Class B North Central Texas Oil 5 No European Oil 1 North German Lloyd Amer shares Northern Finance Illinois Ourp.. .* 3 2 .....* 634 % preferredlOO 34 16 134 22 3 XA 334 34 34 1134 1134 90 INDUSTRIAL MISCELLANEOUS & Quotation* for ail securities are as near as possible Stocks Ask Bid North & Judd Nor 25 22 % Paper Mills..10 6% North Pipe Line.-10 N'west N'west Yeast 100 62 NorwalkTireA Rub* 3 % 7% preferred.. .60 Norw Pharmacal .2 % Novadel Agene * 35 16% 34 Noxzema Chera 1 Nu-Enamel 1 Nunn-Bush Shoe 2 % 6% 3 Ogilvie Flour Mills, * Preferred r ..100 Ohio Brass B Pepsi-Cola * 10 Perfect Circle * Permutit Co 1 * 19 r * . a* 3% 39% 17 % 34% 7% ii* 27% 157 17 27% is" Ohio Forge & Machine Corp * 12% Ohio Leather * 14 Ohio Match —.* Ohio Oil 8% * 104 % Ohio Rubber 7% 106 * 90 3 4 7% preferred..100 43 48 Oil Exploration Oilstocks Ltd Okonlte 1 5 l* 8% 9_ " 100 115 130 92 96 common Oliver Farm 1 1% Equip. * 20 % Omar Inc 1 6% preferred ..100 Oneida Ltd com 12% Preferred 25 Ontario Mfg com * Oppenhelm Collins. * Oshkosh B'Gosh Conv * preferred-.* O'Sullivan Rubber. 1 Elevator * Otis 6 % preferred. Otis Steel $5.50 conv Outboard . 100 * 1st pf.* Outlet Co * com 7% preferred-.100 $6 preferred A * $5 preference * Pac Amer Fisheries 5 Pacific Can * Pacific Coast Co.. 10 1st preferred * 2d preferred * Pac Eastern Corp.. 1 Common. 100 100 * Preferred 60 Pan Am Airways 5 Pan-American For¬ 4% 14 15* 68 16% 17 2* 25 100 20 70 Pierce Governor 14% 2 ?l* 6% 5% 30 14% 6% 7 "1% 19 % 19 H 140 135 9% 38 % aW* 42 22 % 22 % 45 6% Pillsb Flour Mills..* 26% Winterfront.l Pirelli Co of Italy— Am shs 500 lire 42 $5 * pref * Pitts Forgmgs 1 conv 3 Pgh Metallurgical 10 Pfttsg PI Glass—25 65 Pitts Screw & Bolt.* 5 4 % Pittsburgh Steel * 7% nref B 100 5%% prior pf.100 5% pref A 100 9% Pittston Co .3% 32 27" 23 3 12% 4% 3% A" 4% 4% "3% Plant Reduction Plant (Thos 14 15% 5% 54% 7% 6% 16 12 % 12% 5% 8% 16 23% 16% 16 1% 9% 8 2Ay* 40 100 100 49 51" 45 47 * 10% * 15 _ 107 Airr-raftl Porto-Ric-Am Tob— Porterfield Potter Co 1 % Paraffine Co Pressed 5% conv 1st pf..5 5% conv 2d pf_-50 46 97 6% 1st pref—-100 6% 2d pref 10 I Parke. Davis Co..* 91 Parker Pen 10 Parker Rust. Prf_2% Park & Tilford Tnc.l Parkersburg Rig 47 101% 3 % 9% 4 9% 95 10% W* 42 12% 16% 14% 16% 19% & common.._1 Par melee Trans * Pathe Film Corp.-l 7% preferred * Laboratories* 10 9 1% 9% g* 2 34" on 20 5% 2% 6/8 6% 3% Peerless Weighing & 1 com Preferred .* Pender (D) Groc'y A * Class B Penn-Central lines 10c 30c 5 7 38% 40 87% 88% 7% 1% 3% 23 8% 1% 3% 25% 14% 15 9% 54 * Air¬ Corp 1 Penn Coal & Coke 10 Pa-Dixie Cement-.* 7% conv pref A__* Penn Electric Switch _ Class a 10 $7 conv pref * Penna Industries— Units 24 1 Penn Rivet Corp__l Penn Salt Mfg—50 Penn Sugar 20 2% Penn Vy Crude Oil— Class A. B Units _i. * % % 146% . 100 100 Bakeries—* Pyle National Co. 5 Pyrene Mfg 10 Quaker Oats * 6% preferred. .100 Quaker State Oil. 10 Rademaker Chem.l Radio Corp of Am.* $5 pref B * _ $3.50 conv 1st pf * Radio- Kelth-Orph * . New common 2% 6 1% 2% 10c "2 32 111% ' 2% 32% 114% 70 50 26% si* 81 7 55* 53 38 37% 13% 5% 1 Rhodesian Anglo. 10s Rhodesian Selection Shell Transp A Tr £2 Shell Union Oil... * Warrants 8 3% il* 54 4% 44% 9% 36% 40% 12% Rights 5%% conv pf.100 Shepard Niles Crane & 25 Hoist 105% 21 93 5%pfser AAA 100 Sher-Wms Can * 114 4 100 Preferred Shuron Optical .100 100 102 * 26 Richfield Oil of Calif Common 8 8% Silex Co 1% i/8 2% 2 Prior pref 100 Simmons-Board man 11 110% 4% Silver Burdette— 2% Warrants % 2% .10 5% 1% Preferred B * preferred...* Simmons Co * 1% % 5% 16% 4 12 13 Robinson(D wight P) 7% 1st pref 100 18 18% Rochester Button. _* 3 48% Rockbestos Prods— Preferred 100 2?* 19% 100 10% 26 11% 70 12% 24% Simmons Hdw & Pt 4% 15% Robertson (H H)__* Robertson Pap Box.5 Preferred Pub .* * Common Simms Petroleum. 10 Bobbins & Myers. _* Preferred 25 Preferred ._* Common 27 $2.50 preferred.30 Richman Radiator. 1 Richmond Cedar common * Signode Steel Strap'g 80% Simon Brewery Simon (Franklin) 1 & Co 7% pref...100 1% 2% 90c 32 Simonds Saw & Steel Common * Simplicity Pattern. 1 Singer Mfg 100 Singer Mfg Ltd... £1 Sioux City Stock Yards com 20 20 Preferred Sirian Lamp 17% 1% 177 3% 13 22 com..* * Preferred.. T* 1H Sloss-Sheff S & 1.100 100 10 103% 1% 2% Smith (A O) Corp. Smith & Corona 6 Typewriter vtc. * Smokers Match...* 12% 19 Smyth Mfg Snider Packing- 111 25 * Socony Vacuum.. 15 60 Ross Gear & Tool-.* Rossia Int Corp » 111 Roxborough Knitting Solar Aircraft,....1 18% 11% 4% 20% 1% 11% 9 * n* 9 5% preferred. .100 Roeser & Pendleton * 15 12% 1% Rogers Majestic Rogers Peet Rollins Hosiery 100 57* 57% Roosevelt Field 6 Root Petrol Co 1 1% 10% 1% 2% pfd_20 4% % 220 230 116 120 %6 37* 10 conv Rose 5 10&25c Store common 1 Preferred 27/8 17 5 6 7% 7% 2% 54% 56 49 52 75 Ruberoid Co 81 86 14% 7% 15 8% 6% 6 117% 118 150 151% 12% 1% 6% A* 80 63 90 64 2 2% 4% 46 1% Mar" 37 * Soss Mfg common .1 South Bend Lathe 4 24* 20 8% 8% 40% 39 40% 100% 110% 115% 40% 99 109 115 2% 9% 3 10 3% A* 2% 27% 16% 3% 18 28% 19% 13% 14% 38 41 9 15% 1% % 9% 16% 1% % 100 r 22 23 100 r 116 125 66 70 "2% "2% St L Rocky Mt & Pacific Co-.100 Preferred 100 St Regis Pap com. -5 Preferred 1 Samson United Sanitary Co of Am 8% preferred .100 A: Last. sale. n Io% 108 26% 8 100" 90 r 113 28 "4% Preferred Nominal, 10% 1% .... San-Nap-Pak com.l Units * 14 18 4 17% 1% 25 29% 19 138% Conv pref Southern ... Groc com. 22 9 16 Preferred.. South'n Pipe Line 10 Southern Phosph.10 Mills. Royal.-5 Sou Webbing South 1% _ 3% 5 5 5% West Penna Pipe Lines. 10 Spalding (AG)&Br_* 7% 1st pref... 100 SparKs-With'gt'n Co — * Spear & Co. 1 $5.50 pr eferr ed. * Spencer Kellogg * Spencer Shoe * Sperry Corp vtc.-l Splcer Mfg Co * $3 conv pref A * Spiegel Inc com—2 $4.50 conv pref..* Springfield Ice & F.5 Square D Co 1 18 3% 62% 2 5% . 1 Sanborn Map 25 Sangamo Electric..* 79 18% Lines common Common 100 Salt Dome Oil Savage Arms Development- -100 Greyhound Southland * A* 70 S'eastern 55 St Lawrence Flour St L Nat Stk Y 100 25 Sug.* 8% preferred--100 Preferred South Penn Oil So Porto Rico 19% 92% South Shore Oil A Preferred %> South Coast Corp. -1 2% % 52* r .-5 Works 6 5% 2% r 1.8 23 22% $2.50conv pref..* Ryan Aeronautical .1 Ryan Cons Petrol.* Ryerson & Haynes.l Safety CarH&L..* Safeway Stores-.-.* 5% preferred-.100 6% preferred.. 100 7% preferred..100 St Lawrence Corp.* $2 conv prof 50 Sonotone Corp 1 Conv preferred-.1 112 Russeks 5th Ave.2% Russell Mfg __50 Rustless Ir & Steel .1 11% 1% Sonoca Products—5 ..3 72 ... - Royal Dutch Co Royal Typewriter.* 7% preferred.. 100 Royalite Oil Ltd---* . $6 preferred of N Y ord shares. 4% 9% 27% * 1 Rome Cable Corp.5 $1.20 % 3% 4 15 pref 25 Raytheon Mfg..50c 6% preferred 5 Shawnee Pottery. 1 Sheaffer (W A) Pen* 111 Sherw-Williams -.25 Mills com $3 conv pref Rayonier Inc com. .1 * $5 conv pref » Sharp & Dohme * $3.50conv oref..* Shattuck (Frank G)* 7% 13% % 1% 15% 3% 3% 3% __5s * Seversky Aircraft.. 1 4 78 14% 5% "7% 50 I Called July 15 at $13.50. W4- 9 10 1 7 % preferred -.100 Seton Leather Sharon Steel Cp 52 65 Reynolds Metals. _* 5%% conv pf.100 Reynolds Spring i Reynolds Tob 10 100 55 42 7% cum pref.. 100 5% % cum pf_.100 50 Rubber.* Shamrock O & G..1 HP 24 27 100 cum Preferred 10 Revere Cop & Br..5 Class A 10 Preferred 17 6 11* 11% 100 $2 3% 5 * * * 40 Servel Co. J VA 7 Luminous common 35% il* 2I* Randati Corp pt A.* Class B * Rath Pncking 10 Pile * 2% ..1 12P 75c Rltter Dental Mfg.* 1 Raybeetos-Manhat * Raymond Concrete 24 19 19% 2% 76% 68 47 H 40 common 2% 20 76 Selby Shoe * Sentry Safety Con.i Serrick Corp cl B..1 Riverside Cement— Class A * Ralston Steel Car— 150 24 SIvyer Steel Cast * Skelly Oil 15 6% cum pref-.100 Skenandoa Rayon_* 5% preferred-.100 AV* B Republic Steel * 6% conv pref. 100 6% prior pf A. 100 Res pro Inc com * Works 1 5 20 * Preferred IS c* 1* 1?* Republic Aircraft-.1 Co 8% 4 * Seiberling 5« 8% 42 preferred ew Warrants 14% 18 16 Without par value. . "4% n 12% 5 common 7% % Sears, Roebuck ware com 2 #H 18% 35% 46% 7% 17 ...* Segal Lock & Hard¬ 61 % % preferred lc Peoples Drug Stores* 6% % conv pref. 10 * * 19 12% 121% Penn Traffic Class . 20 Product A. 17 Penn-Mex Fuel 5 % conv pref_ 6 % preferred. Class * com. Punta Alegre Sugar * Pure Oil Co * Rainbow 4%% preferred.50 Penn Glass Sand— v t c Timber Preferred Pullman Inc N Penn Federal Corp. Common Producers Corp.-25c Prosperity Co B * Publication Corp..* 1st preferred.. 100 Original pref. .100 Puget Sound Pulp & Purity * Ford Penney (J C) Com.* 8% preferred--100 5% preferred.. 100 9% Pea body Coal B 5 6% preferred.. 100 Peck, Stow & WilclO Peerless Cement * Process Corp com..* * Proc & Gamble 41 17 * .100 Preferred 10 * % 20% 1 Price Bros & Co 10% 100 2 * Scran ton Lace $2 conv pref * Seaboard Oil (Del).* 9 w.,25 ordinary- 115 22 Warrants 101% rights Reo Motor Car 49% * 25 _ Seaboard Fin Corp.l $2 cum pref w w_* 2 Rockwood & Co Common 20 M Bond warrants B . * Steel— Common 3 2 14 9% Rein'tn Rand com.l w . Scott Paper _. $1.50 conv pref.25 Remington Arms..* B % 6% -100 Schwitzer-Cumm 1 . Seeman Bros Reliance Si eel Preferred Renner Co U Sts.l Sea grave Corp 10 Riley Stoker Steel Car— * Inc..* Penick & * * common 4% conv pref. 100 Paramount Motors 1 Paramount Pictures 1 Vending _* pref conv Preferred Pathe Hall Prentice Pressed Metals Am.l 5% Pantex Pressing Reel 1 com Lambert--* 38" 5c ,100 Preferred Scovill Mfg 7% * 100 Preferred 10% * com Schulte Real Estatel 4 % % preferred 7% 1st pref—-100 Reiter-Foster Oil.% - Schlrf Co % 13% 70 Scullin * r Reliable Stores 30 8 % preferred 43% 27% Per Savannah Sugar...1 Savoy Oil 5 Schenley Distillers.5 5%% pref 100 Schulte Retail 34 99 32 Preferred 25 r Reis (Robt) & Co..* Class 1% 19 Prairie Oil & Gas.25 Pratt & 9 15% % 12 Potrero Sugar pfd__5 Pref stamped 5 1% 7 * 100 6%% pref Shoe pref. 100 Regent Knitting Richardson 4% 1 Voting trust ctfs.. Pollak Mfg * . Reeves (Daniel) 1st pref 2d pref 21 Preferred * Reed Roller Bit Rice Stix Dry Gds_ 35 Polaroid Corp Preferred Units _ Rheem Mfg Co 35 * 5 Potash Co of Am 5% Pantepec Oil Co— Machine 9 27 Pleas't ValWine Col Class A Pan-Amer Southernl Panhandle Prod & com 6% 22% * American shares.. 8% 7% 100 99 1 100 * 5% 56 G)— 7% 1st pref Class B 14% 6 Poor & Co class B U* 5 7% ' Pocahontas Fuel .100 1.75 7% 6% 26% % * Plough Inc Plymouth Oil 43 A* 2 Pitts Coal (Pa)--100 Class A Refining 44* Preferred Pitts Coke & Iron * -.50 (Illinois) 45 7% Pitney-Bowes Post. * Pittsburgh Brewing * 6% preferred--100 ill* 11% 8% conv pref. 100 Pilgrim Explorat.-l Pines 25 * 2% 14 % 1% 7 32 41% 26 * Reece Fold Mach.10 7% 2% 15% Reliance Mfg Co 4% Pierce Butler Rad-5 80 Transport $50 par B 4 36 Pierce Oil Corp— 7% Red Bans Oil Reece Button HolelO Reliance Elec & En Common 3% 5 Pkge Corp 80 Pan Amer Match.25 Pan Am Petrol & 3% 31 3% 35% 2% 42% Phillips Packing...* Phillips Petrol * Phoenix Hosiery 5 7% preferred-. 100 Pick (Albert) com.l Class 1 4* 30 3% 39 7 Reed Prentice com Par 49 7% cum pref. .100 RedaPunip * Bid Stocks 3% 5 Mills Ltd M see eign Corp class A1 B 9% 33% 1% 67 Record com.* 13% Pacific West Oil.-10 9Vs 9% Packard Motor * 3% 3% Page Hershey Tubes k 101 % Mar. 9 Pairpont Cor.p. .100 Palmer Bros 9% 33% Phelps-Dodge 25 Phila Daily News. 10 Phila Dairy Prod--* $4 preferred * $6 preferred * 63 Pacific Port Cement Preferred 7 Pfeiffer Brewing—* 1% 21% 7% Overman Cushion Tire 6% pref * Owens-Ill Glass. 12% Oxford Paper com.* 8 1% 2% 8% 7% Pictorial Paper Marine & Manufacturing. .5 * Preferred o§^ 35c % 1% Pharis Tire & Rub-1 Philin Morris " 6% preferred-.100 Oldetyme Distillers 8 Pettibone Mulliken * Phila 20% 15c Petrol Derivatives.* Phillip-Jones Corp.* 7 % preferred- -100 100 Ohio Seamless Tube* Pet Corp of Am—5 Conversion _1 Petrol Petrol Heat & IT Real Silk Hosiery Mills common Ask share Per Par 6 Phila lnsul Wire * Phil & Read O & I-* l6"" 7% 6% preferred..100 14 Pet Milk.. Bid Stocks share 134 27 130 24 6% 17% Per Par 24% 5 ♦ Engine Ask Bid Stocks Per share STOCKS for the closing day of the month preceding the date of Issue 11% Canadian price, 12 Squibb (E R) & Son* $6 preferred * t New stock, x Ex-dividend. 15" 2% 43% 17% 46 12% 67% 2% 22% 28' 108% 90 INDUSTRIAL MISCELLANEOUS & Quotation! for all securities are as near as possible Stocks Ask Bid North & Judd Nor 26 22 X Paper Mills..10 6)4 North Pipe Line.. 10 6)4 1894 34 Nu-Enamel 1 Nunn-Bush Shoe 2 H Ogilvie Flour Mills. » Preferred 100 Ohio Brass B * Ohio Forge & 3 694 2794 . 15c 18 16)4 Novadel Agene....* Noxzema Chera 1 Machine Corp 8 3 94 39)4 17)4 34)4 7X 3X 394 35 33 X 8 7 9 Ys 2794 157 17 18 * 12)4 * 14 14 • 894 7)4 6% preferred..100 104)4 Ohio Oil % 1% . _ 16" 794 $4 preferred $6 preferred * hila Insul Wire...* Phil & Read C & I.* Record com.* ilia Preferred 100 106 Ohio Rubber.. * Ohio Seamless Tube* 90 3 7% preferred..100 43 48 115 130 7% preferred. .100 6% preferred-.100 92 96 Pick (Albert) com.l 194 20 X 7 94 194 21)4 794 I* in Vi z\x it* 15* 68 1694 17 2* Oldetyme Distillers 1 Oliver Farm Equip.* Omar lnc 1 6% preferred..100 Petrol Phillips 9* • * Phoenix Hosiery—5 4* 3% 31 394 3594 2X 42 X 5 Pkge Corp Pierce Butler Rad.5 2 94 11X 63 70 Pierce Governor Oneida Ltd coml2H Preferred 25 13 X 28 X 14)4 4 36 30 12 14 X 8% conv pref. 100 Pilgrim ExpIorat._l 694 Ontario Mfg com..* Oppenheim Collins. * 6)4 Pillsb Flour Mills. .* 26)4 Oshkosh B'Gosh 6)4 594 * Conv preferred..* $5.60 . 19*94 100 44* 4K 1 1994 Pltney-Bo^es Post. 7 % Plttsburgh Brewing J* 42 Pitts Coal (Pa) —100 3 ~3X 14 15X 2294 Pitts Coke & Iron..* 45 pref Pitts Forgings 115 994 $5 . Pgh Metallurgical 10 Pfttsg PI Glass—25 65 64 Pitts Screw & Bolt.* 5 3)4 32 27" 23 Pac Amer Fisheries 6 Pacific Can Pacific Coast Co. 10 494 9)4 1st preferred....* 12)4 4)4 394 4)4 11 3 . 2d preferred * pac Eastern Porp.. 1 Pittston Co 3)4 14 1.75 43 9)4 3)4 "994 394 9 101 x Mar. 1 c — * - 94 X Preferred 60 Pan Am Airways 6 56 794 6M 594 8x 12 16 12)4 12 94 1)4 9 K 2A* 40 4% conv pref. 100 Paramount Motors 1 Paramount Pictures 1 6% 1st pref 100 6% 2d pref 10 Parke. Davis Co..* Parker Pen 10 Parker Rust Prf_2 X Park & Tilford Inc.! Rig 594 97 101)4 3)4 994 4 994 95 1094 10 94 42 41 1294 16)4 17 & 1 9 7% preferred * Laboratories* 10 194 994 99 X 32 2 994 5/ 6% preferred-.100 Peck, Stow & WflclO Peerless Cement * 19 20 5)4 294 6)4 3)4 Peerless Weighing & Vending com Preferred 1 ...* Pender(D)Groc'y A* Class B Penick & 10c 5 30c 38)4 40 ft 5A * Ford * Penney (J O) Com.* 7 Q 3/< 51 54 87)4 88)4 794 194 3)4 23 8)4 IX 3 94 25)4 14)4 15 Perm-Central Air¬ lines Corp 1 Penn Coal & Coke 10 Pa-Dixie Cement--* 7% conv pref A._* Penn Electric Switch _ Class A 10 Penn Federal Corp. * 4 H% preferred.60 Penn Glass Sand— Common $7 conv Penna * v t c pref * Industries— Units 17 Penn-Mex Fuel.—.l Penn Rivet Corp__l Penn Salt Mfg...60 Penn Sugar 20 16 Penn Traffic 2X Penn Vy Crude Oil— Class A 6 Class Units B 194 lc Peoples Drug 8tores* 6 X% conv pref. 10 * 2)4 *2" 32 111)4 Without par value. Pref X X pfd__5 5 stamped 1 com.. Prentice Hall * pref * Metals Am.l 9* 18 H 35)4 46 X 7X X 20)4 % X % 994 18)4 2X 32X 114)4 10 * 76 1994 294 7694 * 35)4 40 "494 2.75 \% 12S 6594 68^ 50c 75c 194 194 394 1 13694 50 Rubber.* Preferred Seiberling Preferred 100 Selby Shoe * Sentry Safety Con.i Serrick Corp cl B..1 Servel Co.. 1 7% preferred 100 * Seton Leather Seversky Aircraft--1 17 Shamrock O & G-.l 55 Sharon Steel Cp 4794 52 1294 11* 24 * $5 conv pref * * Sharp & Dohme $3.50?onv oref-.* Shattuck (Frank G) • 26)4 Shawnee Pottery. 65 70 42 50 Sheaffer (W A) Pen* Shell Transp & Tr £2 Shell Union Oil * 9 994 81 83 7 794 53 55 3794 13 94 594 38 X 194 15)4 111 8 3 94 a* 54 4)4 4494 9)4 1 30X 40)4 12 X Warrants Rights 5)4% conv pf .100 Shepard Niles Crane & -.25 Hoist 105 X 21 Sherw-Williams -.25 93 5% pfser AAA 100 Sher-W ms Can * 114 4 8 100 Preferred Shuron Optical * Signode Steel Strap'g 8094 27 __* Common $2.50 preferred_30 894 SIlex Co * 1 Warrants 13 X 394 26 Richman Radiator. 1 Richmond Cedar 4* 78* 1494 594 394 394 Richfield Oil of Calif Common 2X Segal Lock & Hard¬ ware com 1794 * Co conv 5% conv 1st pf..5 2dpf—50 Price Bros & Co * 100 Process Corp com..* * 8% preferred- -100 5% preferred-.100 Producers Corp..25c Prosperity Co B * Publication Corp..* 1st preferred. .100 Original pref. .100 Puget Sound Pulp & Timber com—* 20 * Punta Alegre Sugar * Pure Otl Co * 5% conv pref. .100 6% preferred ..100 Purity Bakeries—* Pyle National Co. 5 Pyrene Mfg 10 Quaker Oats * 6% preferred. .100 Quaker State Oil. 10 48 X 8)4 8% . 2I* 9 2 294 Prior pref 100 S immons-Bo a r d m a n 2 94 2)4 11 110)4 4)4 10)4 26 1194 Silver Burdette— 294 70 57* 94 57 X 230 116 120 100 Rockbestos Prods— Preferred 15 8X 0% 150 151)4 12 X IX 6 «/8 2X 494 46 IK % 394 294 50 Vox 3)4 2894 19)4 9 1594 IK X 1494 41 9X 16)4 194 X 2294 4 $2.50 conv pref__* Ryan Aeronautical 1 Ryan Cons Petrol.* Ryerson & Haynes.l Safety Car H &L__* Safeway Stores * 5 % preferred—100 6% preferred—100 7% preferred..100 St Lawrence Corp.* $2 conv pref 50 39 n 23 J* 24 894 594 2X 94 52 894 40 X 6 294 94 55 4094 4094 99 100 X 109 110)4 115)4 115 294 994 3 10 22 .100 116 23 125 * 66 70 St Regis Pap com. .5 Preferred 100 Salt Dome Oil Samson United 1 32 17 X 194 177 3 94 13 22 * T* 1994 pref. .100 Skenandoa Rayon.* 5% preferred.. 100 92 94 Sloss-Sheff S & 1.100 79 6% cum 100 (A O) Corp. 10 $6 preferred Smith 594 70 103 X 14 Smith & Corona Typewriter vtc. - * * 25 Smyth Mfg Packing ♦ Conv preferred.. 1 Sos8 Mfg common. 1 South Bend Lathe -.5 South Coast Corp- -1 Preferred 100 South Penn Oil 25 So Porto Rico Sug_* 8% preferred--100 South Shore Oil & Development.. 100 S'eastern Greyhound Works \lH 60 18X 11X 4)4 20 X 194 11)4 4 17 94 194 25 29 X 19 138)4 IK Lines common 1894 Conv 22 Southern pref Groc corn- South'n Pipe Line 10 Southern Phosph.10 Sou Webbing Mills. South 916 Preferred _ Royal..5 3X 5 5 594 West Penna Pipe Lines 10 Spalding (AG)&Br_* 7% 1st pref.-.100 Common * Spear & Co 1 $5.50 preferred..* 10)4 1094 IX 113 Spencer Kellogg * Spencer Shoe.. * Sperry Corp v t c-.l Spicer Mfg Co * $3 conv pref A * 25 Sangamo Electric.. * Sanitary Co of Am 8% preferred .100 San-Nap-Pak com.l 26 X 28 "4" "494 Preferred 8 100* 7 90 r . 15 "2)4 1 Nominal, * Sivyer Steel Cast Skelly Oil "2)4 108 * 194 2 94 90c 18 394 62)4 Sparks-With'gt'n Co 1 Units 12)4 24)4 Lamp com..* Southland St L Rocky Mt & Pacific Co.. 100 Pre! erred 100 Savage Arms fc Last sale, Mar* 18 * Sanborn Map i* 112 20 St L Nat Stk Y Simplicity Pattern. 1 Singer Mfg 100 Singer Mfg Ltd £1 Sioux City Stock Yards com 20 Preferred 20 Socony Vacuum.. 15 Solar Aircraft 1 Sonoca Products—5 Sonotone Corp 1 294 37 St Lawrence Flour Mills com 100 * Common Snider * Royalite Oil Ltd 1 & Co 7% pref...100 Smokers Match 19 17 Russell Mfg 50 Rustless Ir & Steel .1 Preferred -_.* 5 Royal Typewriter.* 7% preferred 100 _ Ralston Steel Car— $3 conv pref Rayomer lnc corn.. 1 $2 cum pref 25 Raytheon Mfg__50c 1 common Russeks 5th Ave .2 94 118 ilH 6 Rose 5 10&25c Store Ruberoid Co 75 86 6 294 194 294 52 7K 15 1!* {H 56 1 100 194 1094 194 294 494 49 2794 117)4 J8/8 pfd.20 10 15 5494 794 42 1 1294 194 of N Y ord shares. 7X preferred... common Warrants 1 * * Preferred ,1* 9 494 6 6H * 100 preferred Pt Common * Simm8 Petroleum. 10 Sirian 10 X 5 UK 1)4 2!* "Vb 4 14 K 3 Rossia Int Corp * Roxborough Knitting Preferred...3 Royal Dutch Co 111 72 81 18 1994 Ross Gear & Tool..* 37 111 994 27 A conv 16 4 * Rome Cable Corp.5 Roosevelt Field 5 $1.20 V* 100 5% preferred.. 100 Root Petrol Co J4 394 X' 3)4 2 | Called July 15 a,t $13.50. Rochester Button. _* Rogers Peet Rollins Hosiery * 6% preferred Robinson(Dwight P) 7% 1st pref—100 12X 64 B 13 43 220 1) Robertson Pap Box_5 Preferred 12 . Pub Simmons Co Simmons Hdw & 4)4 1594 Roeser & Pendleton * 90 New * UK 63 . B 40 80 Radio- Kelth-Orph .10 Robbins & Myers..* Preferred 25 Robertson (H H). * Rogers Majestic 1st pf * conv common Preferred 27 Rademaker Chem.l Radio Corp of Am.* $5 pref B ..* $3.50 Works Rockwood & Co preferred 100 Randau Corp pt A.* Class B * 94' 94 Rath Packing 10 150 Raybestos-Manhat * 18 Raymond Concrete Pile common * 294 2)4 9 101X 100 .100 pref Preferred 1 common 10c _.5s 19 Sears, Roebuck Simonds Saw & Steel 19 94 94 146 X 1094 102 Class 2 IX 19* Potash Co of Am Class 1494 994 _. 5 10X Rainbow Luminous Product A * 1294 121)4 ordinary 5 Simon Brewery Simon (Franklin) New 24 8£ 94 794 Selection Rice Stix Dry Gds_* 1 24 594 194 Preferred Pullman lnc 34 Pea body Coal B...6 10 common 8)4 20 "794 Proc & Gamble 1494 16)4 19)4 _ 18 24 5 Preferred 91 7% cum pref. .100 5 94% cum pf.. 100 Reynolds Metals..* 594% conv pf.100 Reynolds Spring. Reynolds Tob 10 117)4 23 X 20 cum 7 5% • Preferred 10 Revere Cop & Br. .5 Class A 10 17 94 94 7 pref w w_* $2 conv pref. * Seaboard Oil (Del).* Seagrave Corp * $2 Ritter Dental Mfg.* Pressed 47" 5 Republic Aircraft.. 1 Republic Steel * 6% conv pref. 100 6% prior pf A. 100 Respro lnc com * 22 25c 4 Riverside Cement— Class A * Common 46" 1 Reo Motor Car Riley Stoker Pressed Steel Car— Parmelee Trans * Patbe Film Corp-.l Pa the 6 w__25 115 % Warrants 1594 % conv American shares.Pantex Pressing Machine common* Preferred * Paraffine Co Inc..* common 94 w 694 8)4 4994 194 1494 Seeman Bros 7* warrants Preferred Renner Co 5c .* Seaboard Fin Corp.l "8 1 com. rights Common 15 Potter Co 94 Rem'tn Rand _ 94 Scullin Steel— 2 $1.50 conv pref_25 Remington Arms..* - * Airrraftl Porterfield Prairie Oil & Gas_25 Lambert..* 1 Reliance Sieel.. - 61 Pratt & Refining com Pantepec Oil Co— 100 - * 100 Potrero Sugar Pan-Amer Southernl 10 Preferred 2d pref. * Panhandle Prod & * Scran ton Lace. 1 . * _* 26 * 13 % 11 * 107 Reliable Stores - 4 94 % preferred Scovill Mfg si" Class B B 38" Schwitzer-Cumra 47 Class A 594 7% 1st pref...100 Reiter-Foster 011-94 Richardson Porto-Ric-Am Tob— 5X Jky* 99 32 20 Rhodesian 35 100 Scott Paper 7 14 23 K 8 21 4394 2794 26 25 Reis (Robt) & Co..* 35 4)4 X Schulte Retail Sts.l 8 % preferred —100 3 1st 12)4 H 34 2 22 X 16 1* 1094 100 Preferred 32 * 27 16 94 com * Schulte Real Estatel 12 80 14)4 * 694% pref 100 Regal Shoe pref. 100 Regent Knitting B Schiff Co 45 80 Reel 9 71 49 Class B 1 Pan Amer Match.25 Pan Am Petrol & 6 * Reeves (Daniel) B 13 94 70 1 eign Corp class A1 16" Units Reed Roller Bit 32 30 Voting trust ctfs.. Pollak Mfg * Poor & Co class B._* Polaroid Corp Class A Pan-American For¬ Parkersburg 6)4 Pleas't ValWine Col Plough lnc * Plymouth Oil 5 Pocahontas Fuel.100 Preferred 100 50 RheemMfgCo Rhodesian Anglo. 10s 1 (Thos G)— 7% 1st pref 100 8X 7 X 100 99 * Plant Reduction 6 Plant 4)4 4)4 Pacific Port Cement Common 100 Preferred 100 Pacific West Oil.. 10 Packard Motor * Pittsburgh Steel—* 7% pref B 100 5X% prior pf.100 100 5% pref A 5)4 54 H conv 3 IX $6 preferred A $5 preference par 2 25 Preferred 42)4 Outlet Co com * 7 % preferred -.100 Overman Cushion Tire 6% pref * Owens-Ill Glass. 12 X Oxford Paper com. $50 794 6% preferred-.100 _ Transport 7)4 694 26)4 X 22 X 1st pf * Marine & Palmer Bros 4.12 45 42 $ 9 Per share Savannah Sugar---1 Savoy Oil 6 Schenley Distillers.5 5X% pref 100 4194 Preferred Bond 994 38)4 Manufacturing. .6 Page Hershey Tubes Pairpont Corp.. 100 Winterfront.l Pirelli Co of ItalyAm she 500 lire 140 135 * conv Outboard Pines "1)4 O'Sullivan Rubber. 1 Otis Elevator * 6 % preferred. Otis Steel 7 25 5 1494 Reed Prentice com.* (Illinois) Pierce Oil Corp— * 794 294 * Reece Button HolelO Reece Fold Mach.10 Reliance Elec & Eng Common 5 Reliance Mfg Co 3X 4 A* 49 39 7 pref.. 100 * cum Reda Pump Red Banir Oil Par Preferred Pictorial Paper 194 8)4 394 5 Bid Stocks share Mills Ltd 30 25 20 Oil Exploration 1 Oilstocks Ltd 5 Okonite common 100 J* 35c 67 3)4 100 4 7% 20 X 19 64 62 _ Real Silk Hosiery Mills common Ask Per Par 27 7 6 Bid Stocks share 134 130 24 10 17)4 Norwalk TLre& Rub* 7 % preferred.. 60 Norw Pharmacal.2 X Ohio Leather Ohio Match Per Par 24)4 5 N'west Engine....♦ N'west Yeast 100 Ask Bid Stocks Per shore STOCKS for the closing day of the month preceding the date of Issue 1194 Canadian price, 12 Spiegel lnc com—2 $4.50 conv pref..* Springfield Ice & F.5 Square DCo 1 Squibb (E R) & Son* $6 preferred * t New stock, x Ex-dividend. 2 594 15" 294 43 94 \1* 46 12)4 67)4 2)4 22 X 28 108)4 june, 1939] industrial miscellaneous & 91 stocks Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue Bid Stocks Par 1% Staley MfgCo 10 7% preferred—100 $5 preferred —* Standard Brands..* $4.50 cum pref..* 12 % 107 84 Standard Brewing..* Stand Cap & Seal.-l X 16% 22 % 6% 105 preferred. 10 Standard Ooated Products com.lOc Preferred % 3% .5 Stand Commercial Tobacco com IX 9X 26% 25 X ...... 17% 7X 44 X 18% 104 X Stand Oil (Ohio)..25 5% preferred.. 100 Standard PlasticslOc Standard Products. 1 Standard Screw..20 Preferred A. ..100 Stand Silica com 1 23 IX 10X 26% 25% 49% 18% 8 IX 38X 24X 73 iJ8* 3?H 5% 2X Sterling Brewing... 1 Sterling, Inc 1 Sterling Products. 10 75% 2X 1 Preferred A.—* 5X 20 X .5 8% Stlnnes (Hugo)Corp5 Stix Baer & Fuller. 10 May 10 5% 2% 76 4 9X Stone A Webster.. * fctorkllne Furn 10 Straw b'ge A Clothier 6% preferred.. 100 7% preferred-. 100 Stromberg Carlson * T4 21% 8% 6 96 44 ~9% .* 1% 1.25 preferred..* 4% 6% 28% 2% 5% Studebaker Corp.. 1 7% 9 9 49% 6% 127 X 10 euro pref.. 100 Sunray Drug 1 Sunray Oil ] IX 5%% conv pf..50 Superheater Co ...» Superior Oil Corp__l Superior Oil (Cal) 25 Superior Portland Cement A pref..* 10% 51% 10% 2 36 38 41X 28% 2% 42% 40 42 ._...* 13 Superior Steel...100 14 14% 14% Class B Silk Mills class A....1 Class B........1 2 Sutherland Paper.10 26 Swan Finch Oil...l5 Sweets Co of Am.50 Sweets Steel 1 Swift Business 6 5 33 14% 15 4 Fisher.* Mfg..10 Common Conv preferred. * United Stores A...* $6 conv pref....* 6% 8% 8% 1% 1% 6% 3% 7% 33% 35% 2% 2% Vot tr ctfs 2 2% Universal Corp vtc.I Universal Cons OillO Universal-Cyclops Steel Corp Universal Prod 8% Upson Co com.12% 9% I* Preferred. .100 Utah-Idaho Sugar.5 Preferred 10 Utah Radio Prod-.l Utica Knit Co 100 8% 23% 24 70 78 ' 2 2% 7% 6% 21 31 Common 10 3 4 8% 76% 4 25% 57 21% 38% 10% 1% 10% AA 37 40 17% 116% 56% 15% Sugar common..5 Vicana Sugar v t c.3 Vick Chemical 5 Victoria Gypsum 17 Preferred 4 3% 38 44 Viking 16 15% May 16 2 2% 33 % 16% 3% 1% 6* 2d series warrants United Drug 6 United Dyewood.10 % 5% 5% 6* 5% 62% _ Class B_.*.....* Waldorf System. * 38 48% 13% Preferred* ....100 United Profit 32 J* Sharing... 30 100 %« 2 16% Telaut'g'ph Corp..5 5 Tennessee Tennessee 4% 1% X 13 39% 4 28% 7% .... % 4% 2% 16% 5% 4% 1% Class A........* Class B __* Un Shipyards B...1 Class A ...1 Un Shoe Mach.* .25 Preferred 25 United Specialties. 1 U S Distributing...* 7% conv Preferred. 1% 5% 750 Thatcher Mfg.....* 18 $3.60 conv pref. Tbermoid Co 58% 3% 7% 3 19 21 8 10 Com class B..._* 1% 10% 1% 10% 7% preferred—100 3* 43% 100 * >11 5 % % conv pf._50 U 8 lndlAlochol...* U S Leather com • 7% cum pr Part conv A pf.100 cl A.* . $1 $3 % 115 119 41% 40c 48% 43% 2.00 % 1% X 39% % 2% % 40 15% 16 20 38% 3 Wilson-Jones. Preferred .... 23 5 2% 4% 4 7% preferred—100 Woodall Indust 49 2 3 l 5% Wood (Gar) see G 7 8 37% 74% 3% 7% % "4% 7% 1% 4% % 6% 4 % 6% 18% 19% 5% 4% 9 5% 5% 11% 2 1% 32% 5% 35 49 51 1% 6% 2% 5% 11 26% 5% 2% 8 15 102 43 . Worthington Pump A Mach.. __* 15 7% pref A 100 6% pref B 100 4% % conv prior 47% 44 preferred ...100 4%% series prior preferred ...100 Wright Aeronaut!. » 34 Wrigley (Wm) Jr..* Wurlitzer (R) comlO Preferred 100 81 Yale A Towne 25 Yates-Amer Mach .5 Yellow Truck A 23% 1% Coach Mfgcl B..1 7% preferred.. 100 York Ice Mach.. * 15% 107% 3% 7% Preferred—100 Young (J S) Co. 100 31% 25 98% 84 •7% 80 ..... Preferred 27% 102% - 100 - 8% 83 24% 1% 16 109% 4% 34 85 128 Young (L A) Spring A Wire........* Youngstown 12% 13% Steel common 5 2% Youngstown Steel 26% 18% 12% 27 2% Door common .* 4% .r 21 Youngstown Sheet A Tube.. „ 5%% pref—100 37% 73% Young (Thomas) Nurseries com. Zenith Radio.....* 60 4% 15% 46% Worcester Salt.. 100 Preferred 100 Car 23 45 115 Am dep recta ord. 3 14 13% 27% 5 18 Preferred 100 Woolw'th (F W).10 Woolworth Ltd— 19 41% 20% 1 Prior pref units Woodward Iron.. 10 Woodw'd A Loth'plO 90% 41 Petrol Newspaper Machinery pref..* 1% 27 119 11% 26^ 2% Welch G'pe Juice 2 % Preferred .100 Wellington Oil 1 Wells Fargo A Co.. 1 7% 8 60 Goodwill Wolverine Portland Cement com 10 Wolverine Tube 2 Wood (Alan) Steel.* Woodley 1% 24% 34% 73% 1 1 7% 115 2 Witherbee Sherman WJR The Station 5 1 6% * Wood 17% Brower com 37 20 81 Winsted Hosiery 100 Winters A O'mpton 1 7 7% preferred.. 100 Weisbaum Bros 60 7 ..* $6 preferred... * Wilson Line * 2% 2 Webster Eisenlohr.* 17% 4% 1% 3% 3% ... 42% Wayne Pump.. 5% 32 4% Preferred. ....100 Willson Products. _1 Wiisonlte Products 1 Wayne Knit Mills.5 177 3% 2 (R C)-._* Wilson & Co Waukesha Motor._5 89 5% 25% 16% 3 Gas... .5 Oil-O-Mat—. * Willys-Overland 1 6% conv pref.. 10 (Northam) $3 conv pref-...* Warren (S D) Co..* 4% 7% 5c 7* Wil-Low Cafeteria— Conv pref * Warren 7* 7% 175% A 33 pref-* * 90 Preferred...$50 25 2% * 1st 6% 4% 7% Willcox A Gibbs—50 Wilcox (H F) Oil 24 * pref cum. cum 50c Suchard Chocolate com 50c 32 * Warren Fdy A Pipe * 87 U S HofI Machlu yo pf...* Warren Bros 80 U S Gypsum _ conv Preferred 35 "4" 7% 3% 19% 60% 3% 19% $3.85 Warner Co com 7* 30 7 % preferred * U S Foil B 1 U S Freight...—* .20 Warner Bros. Pict._5 82 4 39% 4% 800 % %« 103 7 % preferred- 100 Whittall (M J)— 9 60 55 7% prior pref. 100 6% preferred.. 100 Walworth Co.....* 6% preferred 10 Ward Baking Corp— Com class A....* 1% 7% 76 7% first pref—100 Prior preferred..* Waltham Watch d B 6% M U S 29 8 5 ' 10% Wilbur w4 % % pref w w 100 Walker(H) Good'm A Worts com..* Preferred..* 22 Whitlock Coil 19% * .. 65 46% 9% $4 conv pref. * White (SS) Dental 20 25 % 1 65 55 14 Finishing _ Walgreen Co com..* pref.100 ,0 S Envelope... 100 c. 24 5% 4% United Screw A Bolt t 72 20 69 25c 7%preferred...! Trust old stk._100 Ctfs sub shares.. 1 Texon Oil & Land..2 9 v 20 White Rk Min SpgsCommon * 18 48 23 DetinninglOO *8* Corp _* 20 4?5* 22 Vulcan 4% 14% 38 White Motor ...1 White Sew Mach .* 24% 9% 62 96% 128% 5% preferred 10 Wichita River Oil.iO Wickwire Spencer Steel common—10 WIeboldt Stores...* WaittABond Inc A * 6% 6% 1% 9% 1% 23% 2% 5% preferred—100 Vogt Mfg * Vulcan Corp com—* 4%% pref 100 3 % preferred- 100 4% 2% 21% _ 6% part pref..100 Va Iron O A O—100 17% % 11% Pipe common .25 Whittaker Paper— 40c" 30 5% 3% 74 30c 78% 38* x 72 Victor Brewing.. 1 Victor Chemical 5 Va-Car Chemical-.* 17% 29 13 com. 1 "9% 10% Pump.....* Preferred.......* * United Merchants A Mfrs vt C--...1 United Milk Prod..* $3 part pref * United Molasses Ltd Amer dep rets..£1 Unit Paper board -10 Preferred .100 Unit Piece Dye com* W* 77 160% Vertientes-Camag'y 18 118% 59% 46 106 6% Preferred—100 $5 conv prior pf.* Williams 7.7% 5X 36% 47 X Preferred....... * 9% 75 Wheel Steel Wm Wagner Bak ahl Co 28 Texas Corporation 25 Texas Gulf Prod...* 4% 15% 21% 6% 4% 3X Corp...5 J'roa—.5 86 4% 14% 95 4 6 * 83 32 Name changed to Wichita Riv Oil Venezuela Holding. 1 Venezuelan Petrol. 1 Lines 22 5^ 21 100 29% .10 Dairies...! 108% Union common..* Apr. 13 Western Tablet A 6% May 26 Stationery * 3% 3% Westinghouse Air 70 Brake common..* 36% 36% Westinghouse Elec A Mfg com 43% 44% 50 7% 1st part pf.50 2% 2% Westland Oil ..* 6% 6% Weston El Instru—* Class A * 2% 53 Westvaco Chlorine.* 48% 5% conv pref. .30 5% Weyenberg Shoe I 2 1% Weyerhaeuser Tlmb* 85 7% 1st pref 22% 38% 92% 3% preferred .* Western Groc Ltd.* Preferred .100 Western Newspaper 29 Coal Cos com...5 Un Eng A Fdy 5 27% 20% 53 64% 49% I 12 $3 1% 23% Veeder Root Inc ..* Venezuela Mex OHIO 59 Union Tank Oar...* * 1% 6% - Supply— Common 7% 1% 21% 5 18% West Auto Western 8% preferred.. 100 Vanadium Corp...* Van Camp Milk * $4 preferred * Van Dora Iron Wka* Van Nor Mach Tool5 Van Raalte Co 5 8% .* Sugar-1 Pulp Pap..* Preferred 100 Western Air Expr.. 1 5%% prior pref.* Valley Osage Oil * Valspar com 1 $4 conv pref 5 4% 49% 1% Un St Yds Omaha 100 B * pref Va Valvoline Oil comlOO 48% 1% 15% 26% Class 49% 107% * Common.... 16% .10c $5 preferred...*.* Un Drill A ToolClass A........* * 7% cum pref. .100 Valley Mould A Iron 4% 3 2 - 7% preferred..100 Corp— 32 9% 3% 2% 64 4 21 123 20% 62% 4% * com conv W Va Coal A Coke. * 41% 109 Vadsco Sales 21% 15 pref. 100 United Carbon * United-Carr Fast..* United Chemical..* $3 part pref * United Cigar Stores— 6% Dreferred-.100 • 8% preferred—100 Universal Pictures.! 8% 1st pref 100 $4 W 3% 8% 3% 41% 108% 1% 51% 1 Univ Leaf Tob 2% 3% 8% 1% 3% 16% conv ♦ United Stove... 1 United Wail Paper .2 6% prior pref.lOO Union Premier Food Stores com —1 Conv preferred-15 Un Artist Theatre.* Preferred 100 United Biscuit....* 1 . 6 76" Transport ......6 ♦ 7 % non-cum pf .25 United Stockyards— 7 % preferred—100 Waco Aircraft * 3% 1 28 * * U S Tobacco 6 * * 25% * Preferred.. 14% 23% 26% * Conv 1st pref U S Sugar Corp 5 1 . U S Stores com * Taylor Young 10 pref...* 7% preferred.. 100 5 Tastyeast inc cl A.l Taylor-Colquitt Co 5 Taylor & Fenn..l00 Taylor (K) Dist-.l Taylor-Wharton $3 conv pref 7 % preferred.. 100 1% 60% United Elastic.. United Electric 18% _. Texas Gulf Sulph..* Tex Pac Coal & OillO Texas Pacific Land 16 14% 1% 60% 2% 27 Taicott (James) ...0 partic pf.50 Talon Inc common.5 Tampax Inc.—...1 Trans USSmRef AMin50 7 % preferred. . .50 U S Steel Corp....* 4% United Fruit- _ Term & 1 . 3 27 18 laggart Corp 1 $2.50 pref...... » Inc 66 4% Union Carb A Carb * Union Mfg 25 Air 1st pf.100 4% Common xw....l Technicolor Twin Coach com..1 Udylite Corp. United n-cu 7X 1% Swift A Uo 25 Swift Internat Ltd— tiep ctfs of bear shs Sylvania Industrial • Symington Gould— Common w w ...1 com. 63 film Common * $1.50 preferred..* 2% X Machine Iron A Steel Class A.. 1 7% preferred—100 Tung-Sol Lamp 1 80c div conv pref * Stores com 4 Airplane Co 8% United Oigar-Whalen Susquehanna _ Trunz Pork Stores.* Truscon Steel—10 Tubize Chatillon-.l 7% 27 X 2 „ * . United Aircraft....5 30% 8% Mach Tool common...5 8un oil com * * Truax-Traer Coal. Series B Underw Ell Unexcelled Union Bag 3 7 U S Realty A Imp.* U S Rubber 10 3 Union Oil of Calif.25 79 8X 8X Sundstrand Trico Products A Paper Corp common...* Union BleacherylOO 4% Submarine Slgnal.25 Sullivan Mach'y » „ 4% 10% 11% 40 6% preferred-. 100 Forging—* Ulen A Co com..*.* Series A pref....* 1 94 Stroock A Co * Strouss Hlrshberg.* Corp 2 Transcontinental A West Air Line...5 Trans Lux Daylight Picture Screen..1 Transue A Williams "6" 6% Stokely Bros.... I Cony pref.....25 . Shlpbuild..* Torrington Co—..* 20th C' nt Fox 3 X „ * Am deprcts ord £1 Am dep rets def__ Todd Shipyards—* 44 * ..25 Struthers Wells Titus ville com. Stocks, Inc—..* Tob Prod1 Exp ts Triplex Safe Glass.* Triumph Explos 2 Trojan Oil A Gas of Delaware.. ..1 ii* $1.50 preferred „ Radiator......! 6%preferred.._50 42% Feb 5% U S 2% 11% Mfg.1% West Michigan Steel Foundry.. .... Tobacco Secur Ltd— 75 12 3X 1* Common.......* Preferred. .50 U S Rubb Reel—* nVA 77 8% Mar. 15 1 _ 160 14 Timken-Det Axle .10 7% preferred.. 100 tioo 41 Timken Roll Bear.* 2 Tlshman Realty...* k Transwestern Oil.10 106% 1 U S Print A Litho— Steel 75% drift U S Postal Meter. .1 12% 25% 164% 14% Wentworth West Indies 13% 24% 12% Per share Par 40 13 94 11% 23% Bid Stocks Preferred * Wesson Oil A Snow 23 12% 14 ~4% IX 42 $1.50 conv pref.20 10 21 105X 1% 41% 37% U S Plywood Corp Common.......1 2% 9 Tokhelm Oil Tank A Pump ..5 Sterling Aluminum Preferred. 105 2 Toledo 39 X 2 6% 1st pref—60 5% 2d pref 20 Stewart-Warner. 103% 19 IX 36 X 23 X 25 Stetson (JB) 23 92 Transamerica 3X Stein (A) A Co com * Preferred ...100 Sterchi Bros com..* common U S Pipe A Fdy. .20 U S Playing Card. 10 44X 39 Starrett (L 8) Co..* Starrett Corp— Common v t c-.l Steel Co of Can...* Stern Bros U S Lines pref.*..* 3% 23% 3 Tide W Assn Oil.. 10 conv pref.20 Time inc com * 4X 13 12% Ask Per share % Par 4%% conv pref.* Tilo Roofing com. -1 $1.40 135 1 com Thompson-Starrett * $3 % preferred— * Securities..* Preferred.. 100 Trane Co.— ..2 Stanley "Works...25 Products Thompson (J R)--25 Thompson Prod—* $5 conv prior pf_* Towne Spring. 6 Stand Tube clB Preferred lol* 17* Thew Shovel......5 Bid Stocks Per share Tobacco A Allied $1.60 cony pref.20 Stand Oil (Cal) Stand Oil (Ind) 25 Stand Oil (Kan).. 10 Stand Oil (Ky>... 10 Stand Oil (Neb)..25 Stand Oil ofN J..25 „ 109 86 X „ Stand Steel 13% 1 Standard Dredging Common. 1 _ 2% 14 Preferred——100 Oonv Par Per share Btahl-Meyer com..* Ask Bid Stocks Ask Zoni e Pre ducts... 1 9 17% 2% 17 105 2% 3% 1 , 1% II * No par value. J Called June 1 at 100. d Called July 1 at 105. k Last sale, n Nominal, r Canadian price, t New stock, x Ex-div dend. United States and Municipal Bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue The custom in reporting price® for State and municipal securities is to quote them on the basis of the return the bonds yield per annum.' Therefore, in'furnishing the prices below, it will be found that for the single maturity bond a bid and asked quotation is published—either actual figures or on a percentage basis. In furnishing prices for the serial bonds, however, we endeavor to obtain the yield basis for the varying maturities. For instance, a certain bond matures from 1937 to 1951 and is quoted 0.50 to 3%—would indicate that the 1937 maturity yields 0.50% and the bond due in 1951 yields 3 % Toerefore, in the following list, it must be remembered the worn to indicates that the figures shown are the yield basis; all other figures are bid and asked prices. To or Ask UNITED STATES -See Bid Bonds 4%s 1942. 1946. 1949...M&S b 2.70 Is pub highway 1949-51-M&S b 2.70 is refunding 1941-54 J&J & 1.50 3%s refunding 1955-65..-J&J b 2.75 State Bridge Corp 4s 1939-1951 103 Bridge Auth. 4s July 1 1957.. 104 Annistonref g 5%s Dec 1 1939 102% 121.27 121.30 116.1 116.4 3 %s Mar 15 3 %8 June 15 3 %s Mar 15 116.1 116.4 104.3 104.5 106.4 106.6 3 %s 111.1 111.3 lu6.30 107 110-28 110.30 New ref various coupons... lit 10 112.8 111.12 Birmingham— 3%s impt ref 1939-50--J&J 3 %s Imp ref 1942-1958 A&O 4s 1940-1961. A&O 1946-1956 M&S 1940-1943 J&D 1941-1943 M&S June 15 1943-1947 J&D Aug 1 1941 F&A Oct 15 1943-1945.A&O Apr 15 1944-1946.A&0 Juno 15 1946-1949 J&D Dec 15 1949-1952 J&D 3%s 3%s 3 %s 3 %s 2.50 2.80 to 2.85 5s schools 1939-1947—_J&J b 2.00 105 105 to 4.00 % Bessemer— 112.10 96 92 1.50 to 3.20 2.25 to 3.15 1.50 to 3.30 1.50 to 3.30 3.00 2.00 113.19 113.21 3s June 15 1946-1948.-J&D 3s Sept 15 1951-1955..M&S 2 %S Mar 15 1955-1960 M&S 2 %s Sept 15 1945-1947 M&S 111.17 111.19 112.2 112.4 109.14 109.16 109.26 109.28 Mar 15 1948-1951 M&S June 15 1951-1954 J&D Sept 15 1956-1959 M&S June 151958-1963 J&D 2Ms Dec 15 1960-1965 J&D 2%s Dec 15 1945 J&D 2Kb Sept 15 1948 M&S 2%s Dec 15 1949-1953 J&D 2%s Sept. 15 1950-52.M&S 2s Dec 15 1947 -J&D 3b Panama Canal 1961 _.Q-M 3s Conversions 1946 Q-J 3s Conversions 1947 Q-J U S Treasury Notes— 2%% June 15 1939 1 H% Sept 15 1939 109.22 109.24 109.1 109.3 Gadsden 6% impt long mat... 5s schools 1940-1940.. A&O 108.4 108.6 107.17 108.29 107.19 107.12 108.31 108.26 108.28 4%s Ot House 1940-43 M&N b 1.50 4%s Ref 1940-1961... A&O b 1.50 Mobile CityRefunding 2-5s Jan. 1 1966. 74 106.31 107.1 107.1 4%s June 1 1940-1948 105.21 105.23 5s School Mav b Mobile Co— 107.3 2%s 2Mb 2^s 2%s 107.10 123 4 5s 1 106 100 1945 102 5s 105 100 98 1940-1966..J&J funding 102.2 102.4 102.6 102.16 102.24 102.26 102.28 103.6 104.16 /o June xo lyti- ;% Dec 15 1941. % Mar 15 1942. j Sept 15 1942... a *4% 1 74 70 Dec lO 1942. JL/eC 15 lytii 1%% June 151943 104.18 J&J 5101 6s ref pub impt '40-'53 M&N t 3.80 Tuscaloosa Co 6s Bridge 1941 5 3.00 5s Road 1957 ...M&S 5 3.60 Tuscaloosa (City)— 103 5%s serial 102 4%s 102 4%s 101.28 105.22 104.31 102.24 102.31 102.29 3.60 105.1 Home Owners' Loan Corp— 109.10 105.11 101.28 100.19 100.7 1942-'47 '42-'47 % 106.26 106.10 106.14 & U S 2.35 to 105 1 % 1 99 99 99% 99% 99% 99% 5-4s 1968-1977 99 99% 4%-4s 4%-4s 4%-4s 97% 97% 96% 98% 92 93% 97% 97% 5-4s 1961-1967 3. Jan. 3s Attorney Gen opt 1944 3s Rose. Hemingway opt 1944 Hot Springs 4 %s 39-'50__M&S 3s 1949 to 0.25 44s 1950 44s 1957 44s 1958--44s Oct 1959 6s April 1955 97 97% . 1.50 to 1.25 to 1.25 113 115 102 2%s Feb 1 2%s Feb 1 111 2.00 111 3.20 %. b 3.10 2.90 % b 0.75 to 2.25 b 0.70 to 2.40 % % ALABAMA 8MS renewal class C 1956. J&J 4 %sharbor impt June 1'39 '73 44s highways 1952 M&S 44s 1956 and 1959 M&S 4s renewal July 1. 1956 Tax-free in Connecticut, 2.80 b 2.90 b 1.00 to 2.95 b 2.60 2.40l % b 2.85 2.65j % b 3.00 2.90 % t Les? to 2.35 b 0.50 to 0.75 0 4%s gold Aug 1943 .—F&A West Side Irrig 3.60 / Dist 6s page % 1 45 94. '39-'54_J&D 0.75 to 2.60 % 1939-1951—J&D 0.75 to 2.60 2.60 to 2.70 % 0.50 to 2.00 to 1.50 to 2.50 2.30 to 2.25 0.60 to 2.00 to 1.70 1.90 to 2.20 1955-A&0 2.30 2 %s Sewer to 2.10 0.40 to 0.50 to 2.50 0.75" to 1.50 % 1.65 to 2.20 % 0.50 to 2.25 % % to 2.40 0.60 to 2.20 Water Retire % 1 f I 2.20 % 2.30 % 1955-A&0 2.35 Disp'47-'56A&0 1.85 to 2.15 2.25 to 3.35 2.75 to 3.50 % % 3.45 to 3.60 % 3.50 to 3.60 % % D— 1944-1963 J&J -J&J J&J J&J to 2.20 0.50 CONNECTICUT 2.75 .50 J&J 0.60 1.10 3 %s Mun % % 1.80 2.10 Funding and building bonds—l%s 1939-1943 J&2£ 0.10 l%s 1944-1958 ---J&D b 0.75 Branford (T) 2s 1940-57-J&D b 0.50 Bl5sgRefunding 1939-48-.J&J b Refunding 1939-47 J&J b 1940-1948 J 15&D15 b 0.35 to 0.70 to 1.70 to 2.10 to 2.00 0.50 to 2.40 0.50 to 2.45 0.50 0.50 to 2.40 '40-'48-A&O 0.60 to 2.15 to 2.40 % % 0.80 to 2.25 % to 2.50 % J&J b 0.40 to 3.00 % to 3.00 % 1941 tax'le.A&O b % 1 1 East 0.30 to 2.15 Darien Berkeley 5s 1942-1951 J&J 5s School 1940-1955.. J&J East Bav Mun IJtil Dist— to 1.70 to 1.70 0.25 D3n%srFund 0.40 0.25 0.40 1939-1957—J&D b F&A 5s 1940-1974 115 112% 0.40 San Joaquin Santa Barbara 5s *40-41-Jam Bakersfield 5s 1939-1952-A&O % 113 b 3.35 to 2.15 Alameda 4s 1939 to 1941. J&D 113 b 2.25 0.50 I to 2.85 to 2.75 1940-1954.F&A 1940-1954.F&A 4%s Mun Imp 44s funding 1963. 44s July 1952 J&J 4s gold 1953 _J&J 2%s 1940-1946 --J&J 24s refunding 1940-49. J&J * 1940-1949 to 2.65 0.40 Veterans Welfare— 110 J&J J&J ..J&J % 2.00 % to 3.10 5%s 1947-1956 5%s 1964-1973 5s 1974-1983 0.50 _ . 3s Feb 1940-1952 101 3%s Jan 1 116 5s July 1954 opt 1943 1950 opt 1944 5s 1948 opt 1943. _ — 112 4 112 4 Puerto Rico— 5s to 3.00 0.40 1963-1972 opt 4.16 112% 111% 114% 114% 109 0.50 1 1 to 2.85 to x-J&J Co 5s '39 49.J&J 107 4%s tJniv Bldg Jan5'40-65J&J 4%s Highway 1939-48. J&J30 4 %s 1940-1947. „ _F&_A 4 %s Olympiad 1939-71 ..J&J2 4%s 1940-1952. F&A 4s Harb Imp 1985 opt '50. J&J 5s Jan 2 1941-1943 J&J2 4s Jan 2 1944-1948 J&J2 to 2.15 114% 0.90 0.75 0.40 3s 1963-1972 opt 3.00 CALIFORNIA to 2.15 54s Aug 1941 to 3.25 2s 1940-1949 5 %s 1.40 5s Feb 1952. 1.00 2.75 Moffat Tun Imp to 2.25 M&N M&S 2.00 to 3.10 3.65% March 1. 1950-54. — 2%s Sew dist 1947-56-A&O 1 117 110 2.75 to 1.90 4%s Water 1944 -J&J 4 %s Ref Wat 1939-67.J&D 4%s Water 1962-1965.J&D 5 D No 1 4%s 1939-53. J&J S D No 1 4%s 1939-47-J&D 4s July 1941-1945 J&J to 2.15 1114 to 0.50 Ref l%s 1910-1943—-M&S b 0.60 Denver (City and County)-— 97 5%s 1955-1965 b 0.50 to 1.80 0.30 % % % to 2.90 0.50 2%s warrants 1952-'54—J&D 2s Highway ref, 1939-47-J&D Colorado Springs— 1.30 J&J to 2.90 0.90 '39-'63 J&D 2%s State H'way 102 4s 1958-1960. 0.15 Philip Isls 44s 1952 I ?25 1.25 % to 2.90 % 1939-1977.-J&J Wat Distrib 3s warrants 98 103% 4%s Fund 1941-1950.M&N 4s Water Rev 1940-76-F&A 5 3.30 less 103 Little Rock S D 4s '40-'55 M&S St Francis Levee Dist— 1.60 to 0.90 7o % Turlock Irrig Dist 6s 1 2.75 % 99 0.25 1.00 0.90 1939-53— 4%s Water 4s 3.25 % 2 99 0.50 b 0.50 194042— Jf&J 1940-51—J&J15 J&D '39-'54..M&N Sacramento 4s Jan 1940-1915 3s 1939-1968 -----J&J Sacram'to Co 4 %s 39- 46 J&D San Diego 5s W W '43-'54A&0 5s School 1940-1966 —-F&A 4%s Water 1940 1964 3 %s g July 1. 1940-44. _ J&J San Francisco (City & County) 5s Water 1940-1969 J&J 4%s Water *57 *58 "59.J&J 4s 1944 b 4s CANADA—See 5-4s 1954-1960 % 2.00 % b 0.25 J2&J2 _..J2&J2 Rivorside Co 5s 104 less Pasadena Redlands 5s Riversid 5s 108 r 5-4s 1949-1953 2.25 % b 0.25 ! to 2.75 to 33 5-4s 1943-1948 to 2.25 b 0.25 to 1.50 COLORADO 0.25 1.90 to 0.40 0.40 ARKANSAS 2.50 115 3%0 1.75 0.40 1939-1943-F&A '39-'43_F&A F&A 0.50 less 15 15 % 2.30 % 3.25 % to 2.25 less 1940-'56..J&J 15 3%s Sept 15 1940-53.M&S Hawaii Terr 4%s '49.M&S 15 4%s Jan 1945 44s Nov 15 '39-'56.M&N 15 Pub Imp 4%s 1953...A&O 44s Oct 1956 opt '46 A&O 454s Nov 15 1939-58..M&N Pub Imp 3.10s '39-'56 M&N Pub Imp 24s 1939-57.J&J 2.10s July 20 1941-1945 1.70% refdg 1940-44.M&S 1.75% refdg 1940-44.M&S 5s Jan to 3.60 tolOO'2 to 3.60 1.00 % 2.20 S D 4%s 1948 5 3.25 1948 J&J 5 3.50 Tucson 5s Water 1950..I.J&J 5 3.00 PO SESSI ONS Honolulu (City & County) 5s Pub impt 1956-.J&D b 2.70 b 2.50 to Little Rock— TERRITORIES to 2.95 to 102 5s y to 3.10 1.00 b 100% 2 %s 1952-1953 2s 1954-1958 3.50 % Prescott -V to 3.30 0.75 1.25 to 111 less r~ to 3.45 0.25 to 3.00 J&J 5 3.75 J&J 5 3 50 5s W W 1940-1950 to 3.40 1.00 to 1.70 Phoenix Un H 14% int & prin guar 1939 - - 100.19 100.21 Federal Land Bank — Farm Loan Bonds 3s July 1 '55 opt '45—J&J 108 4 108% 3s Jan 1 '56 opt '46—J&J 108 4 108% 3s May 1*56 opt '46—M&N 108% 108% 109% 3%sMay l'55opt'45--M&N 109% 4s July 1 *46 opt '44 J&J 113% 113% Commodity Credit Corp— 4 % notes Nov 2 1939 100.13 100.15 Federal Natl Mtge Assn 102.5 2% notes May 16 '43 opt *39 102.1 1%% Jan 3 1944 opt 40 101.15 101.18 Reconstruction Finance Corp 101.7 4% notes July 20 1941— 101.5 101.7 4% Nov 1 1941 101.5 4% Jan 15 1942— 101.6 101.4 U S Housing Authority 102.14 102.16 14% notes Feb 1 1944 0.25 0.50 to 2.25 to 3.25 106.22 2 % % int & prin guar to 2.90 0.40 5 1.50 '30-J&J J&J 1946 3.25 to 1.75 0.75 3 25 6s Jan I to 1939-44.-J&J 5 3.50 109.16 3.60 Orange Co 5s 1940-45 M&S Flood Control District— 5s 1940-1943 J2&J2 2s 1944-1951..- J2&J2 to 3.75 109.14 to 3.60 Oakland S D 4s to 4.10 109.30 to 1.00 3.60 5 2.00 4%s 1940-1956 to 3.10 1.25 3.40 31 Highway 6s Jan 15 serially. 110.2 to 3.10 4%s Mun Imp 4%s 1939-1965 3.50 Co Ct H'se 4s 1939-48 J&D 5 2.00 Phoenix 4%s '50 opt to 3.40 1.00 2.00 F&A J&D 1948-1977.F&A 1978-1987.F&A 1946-1986 F&A Oakland 5%s 98 ARIZONA 102.18 103.7 to 3.35 0.75 Modesto Irrig Dist 6s 100 to 3.50 to Maricopa County—• School No. 1 5s 1945...J&J 5 3.00 100.4 102.14 to 3.35 0.75 Ref 4%s Ref 3%s 111 102 100,9 103.3 to 3.35 1.00 0.50 Ang Co 4 %s '40-'49.. F&A Metropolitan Water District of Southern California— Colorado River Waterworks 103 to 2.00 Tuscumbia refunding 1 %to4% 105.13 101.3° 100.21 1.25 3.35 0.50 Net to 2.25 Los to 3.25 100 100.16 100.2 2s Dec 1940 2s Apr 1 1943 Federal Farm Mtge Corp— 3 4 % int & prin guar '44-'64 3 % int & prin guar 1944-'49 4s 76 1.00 109.12 100.13 z Federal Home Loan Banks 1 % series E July 1 1939 1940-1961 3%s Jan 1 194V1960 3.60 - 3% prin & int guar '44-'52 2 % % prin & int guar '39-'49 24 % prin & int guar '42-'44 14% prin & int guar 1939.. %% May 15 1941 H% May 15 1940.---.. to to 0.50 b 2.75 b 0.50 1939-1960—M&N 1939-1964 5s to 3.40 3.80 5s W W 1939-1957 105.24 102.22 1%% Dec 15 1943 Los 102 to 3.00 Tuscaloosa— 102.26 103.4 14% Mar 15 1941— lI6" 96 102.4 102.14 --- 101.26 0.50 0.50 Ref 4s 1939-1958... J&D 1941-66 J&D Montgomery— 4 %s Sanitary Sewer Jan 1*44 Montgomery Co 4%s 1957-59 6s Road 1951 J&J Morgan Co 5s road 1952-F&A Selma (Citv) 5s-6s 1939-1955. 2%s 1940 1952 J&J 101.24 A&O 3s 1943-1949. A&O Angeles City High Sch Dis 2s 1939-1942 5%s Nov b 2.00 J&D 3%s 1948-1958 41 Gen fund 4%s 1124 101.26 1H% Mar 15 1940 14% June 15 1940 14% Dec 15 1940 3 % int & prin guar 1940-1960 A&O Sept 20 1941 M&S sewers 4%s 112 100.1 1*4% Dec 15 1939 : 4%s Florence refunding 1% to 4% 124% U14 111 4 ... Ask 3%s 1939-1977 J&D b 1.25 tol00% 3%sser A 1940-1977.J&J 101 100% 3%s ser B Jan 15 '77 J&J Jefferson County— 3%s . LcsAngeles (City) Concluded— 3%s Water 1939-41 --A&O 4 %s Water 1939-1970-A&O 4%s Sch 1939 -1944—-J&D 4%s 1939-1968 J&J 4%s 1940-1969.. M&S 5s Municipal 1939-61-.F&A 5%s Harb Imp *39-'61 M&N 3 %S Wat Rev '39-'48—J&J 3%s Sch Dist 1940-61.-J&J Electric Plant Revenue— Ref 4s 1940 to 1975. J&D b 2.40 to Bid Bonds Net Ask To or To or Net also pa ge 19. Treasury Bonds ry 4Ms Oct 15 1947-1952.A&O 4s Dec 15 1944-1954...J&D Yield Basis Yield Basis yield Basis Bid Bonds East Contra Costa Irrig to % % % 1.00 % 95 Dist 6s 3%s series C 1942-1971 .J&J Imperial Irrigation District— Refunding 6s 1983 J&J Refunding 5s 1983 Los Angeles (City)— 4s 1940-1962 1.40 1 %s 0.80 0.60 l%s 1939-1958.-A&O & 0.25 Hartford (Town)— 4%s School 1939-59.-M&N b 0.35 2s 1941-1965-. -F&A b 0.50 to 1.85 I to 2.25 % to 2.00 0.25 to 1.40 1 %s 1939 to 1950. -.-J&D b 0.25 1 %s 1940-1949 A15&015 b 0.25 Greenwich 3s 1939-1944__F&Ajft 0.20 to 1.55 l%s l%s 1939-1947 0.20 to 1.40 Hartford— 1 %s 1940-1|954 0.20 to 1.60 0.20 to 1.60 1.65 to 1.70 0.25 to 1 %s to 3.15 3%s to 8.25 4s - . / Flat price, n F&A & ' M&S 6 1940-1953 M&N b Bridge 1954-55—J&D b „ to 3.25 b Basis. to 1.60 to 1.00 62 1.00 1 on bid side, F&A b 66 2%s WatWks 1956-76 M&Njh 2.90 3%s Wafer wks 19ti'>-7!> b 3.00 - 1939-1945 Fairfield (County)— Golden Gate Bridge & H'wayb 2%s Bristol 5%s Nominal. x Water 1940-1949—J&D b Called Aug. 1 at 100. 1.60 % I June, 1939] AND STATE MUNICIPAL 93 BONDS 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 Bonds To or Bid Ask Metropolitan District 2%s Wat Sup '4077m&n 2 ms 1940-1978 j&j Hartford (School District) ♦4kb Northeast 1959. j&d *3 ms South Sept 1955.m&s Manchester *4 % s 1940-44m& n Meriden 1 ms 1939-48 0.20 to 2.50 0.20 to 2.50 2.25 to 2.00 2.00 1.90 0.15 .t&d to 1.50 to 1.40 4s Munic Bldg 1948 j&j School 1940-52-f&a b 0.50 to 2.00 New Haven— 0.25 to 2.00 0.35 to 1.80 0.20 4ms Imp 1939-1952..m&n 4Mb Funding 1939-'48.j&d lms 1939-48 j&d15 to 1.45 New London— 4ms Water ref 1950—f&a j&d 0.15 1940-1954 j&j (City)— 4Mb Sewer 1940-1968-m&s 3 ms 1939-1971 a&o 3 ms Sewer 1947-'70-j&d15 2s Incinerator 1940-59j&j15 1 ms 1940-1959 a&o 0.20 to 1.65 0.50 to 2.75 2s 1940-1969 1 ms 2,00 to Norwalk 0.25 to 2.75 1.75 to 2.75 0.25 — to 1.90 0.25 1.00 Norwich 4ms 1940-1965.m&s 0.50 to 2.75 j2&j2 0.40 0.40 to 1.95 0.60 to 1.95 2ms 1940-1959 2s p i Fund 1940-59--j&j 2s 1941-1954 m&s Ridgefield (High School)— lms 1940-1963 j15&j Stamford (c) 4s 1942 m&n 2 ms 1939-1961 m&n Stamford (Town)— *4ms Sch 1940-1965..m&n lMs 1941-1950 a&o Suffield lMs 1940-59 j&j Torrington 2 Ms 1940-'57 a&o Waterbury— to 1.95 6 0.50 to 2.25 b 0.15 to 2.20 to 3.00 to 1.70 5s Water 1939-1971 —m&n to 1.90 to 2.00 0.50 0.50 0.60 to 3.15 0.25 0.50 to 2.40 m&n 2s Relief 1940-1944..-m&n 0.50 to 5s Funding 1940-1943.m&n 4ms Sewer 1940-1955--j&j 3s Street 1940-1955 .f&a 2 ms 1939-1952 to 1.50 Bavarian Palatinate 7s '45 to 2.40 to 2.25 1.75 0.50 0.30 to 2.25 to 1.30 to 2.05 Brazil 8% ex 1941 7s Cent Ry elec to 1.40 to to 1.60 1.30 to 1.50 to 1.00 4a 1942-1948 a&o 1.10 to 1.30 florida 54 57 117 121 s 14m 18 16 , Extl s f 7s 1957 f&a 78 stamped 1957 s f 7s 1937- -m&n 7s stamped 1937—! 18 '"18"" 13 m 18 "92m 94% 87 % <9% &°A Victory 4s due 1976 114 100 7 Ms stamped 1947 100 103 123 126 6 Ms stamped 1961 Scrip Readjust 4m-4ms '77.m&s 15 b 1.50 — Buenos Aires (Prov)6s'61 6s stamped 1961 m&s 7s stamped 1952 a&o 3.50 117 to Ref to 2.50 to 4.00 22 . 18 18m 20 20% 30 32 28 110 3% 3m 3m 4m 21m 16m 17% 17% 100K 102 3.00 102 to 112 to 2.50 Refunding 5s Jan 1 1964— 96 98 Miami Beach— to 3.75 6s July coupon on 1960. Farm loan 6s i960—a&015 92 j&j 6 3.80 Pinellas Co ref highway 98 Polk County 5s July 1 1939-40 6 2.25 St Augustine 5-4s stam'd 1955 76 New refunding 3-5s 106 to 3.90 to 3.90 105 2.50 107 11* 100 to 3-00 % 78 s 62 6s assented Sept. 1961--- 108 Extl Ryref 6s Jan 1961.j&j 6s assented Jan 1961 Extlsf 6s 1962 m&s 48 Extlsf 6s 67 4.00 % 100 to 4.00 104 101 50 % Sept. 1961--m&s 6s assented 1962 Extl s f 6s 1963 6 Basis. m&n 6% assented 1963 Chili Mtge Bk 6 Ms '57 j&d31 6 ms assented 1957 s f gu 6 ms Jne 30'61. j&d31 6%8 assented s f gu 6s 1961- / Flat price, 1961 a&o 1961 k Last sale, 26 ?2m 50 Nominal. "55" 77 26 28 ' f 5 Ms '53 17 19 25 26 17 19 ' • 101M 99% f&a j&d 54 f&a j&j 15 55M 104M 101 % 102M 5m.sPubWksJune30,45j&d f 68M \VA 35 69 35 65 91 94 M 86 % 88% Ext s f 8s 1952 ser b—a&o Cons Municipal Loan 5Ms 5s 1955 1953 ..—m&N f&a Danzig Port & Wat Ways Bd Extl s f 6Ms 1952 j&j f 22 Denmark ext 6s 1942 j&j Ext'l 5Ms 1955 f&a Trust rets 4Ms 1962 a&o 15 100 97% _ 2nd ser Customs 70 3m 27 100% 98% 72 72 55 73 68 Administrations— 5ms of *22 ext 1961 ser 17 70 5ms 1940—_a&0 2d series 1961 5 Ms of '26 ext 1st 17% 90 Dominican Rep 5ms '42.m&s 2d Series 1942 5Ms Cust Adm 1940—a&o 09% 69% 55 1969 68 5 Ms of *26 ext 2d ser 1969 Dresden (Ger) ext 7s '45 m&n / 18 Duesseldorf 7s to 1945—M&S|/ 19 Duisburg 7s to 1945--—m&n / 19 el Salvador (Rep)—8s a 1948 Certificates of deposit / 19 Estonia (rep of) 7s, 1967 j&j 86 Finland (Repub) 6s '45.m&s 105 % Fran kfurt-on-Main (Germ)— 7s 1939 a&o f 22 7s 1940 a&o / 20M 7s 1941-1945 a&o / 19 Extl s f 6 Ms 1953 m&n / 17M French Government— 7s ext of 1949 stamped-j&d 118M 7s plain 1949 103 % 7Ms ext 1941 stamped j&d 109% 103% 7 Ms plain 1941 German Conversion Offer— Funding 3s 1946 1 German Cons Munic 7s'47 f&a / 19 _ n* 22% 21 97 105 M 23 21M 20 19% 109M ^ Cons munic 6s 1947--j&d / German Govt Internat—■ 5Ms loan / 32 22M 18M 20 17M 20 17% 22 7s unstamped 1949— f f Scrip German Prov & Comm 17 5M / 23 / 16 Gt Brit & Ireland—See British Greek Govt s f 7s 1964—M&N / 7s part paid 1964 M&N / 6s 1968 6s part paid 1968 Guatemala 8s 1948 19M 6 Bks 26 26% F&A / 26 % F&A / 20% M&N / 30 Haiti (Rep) 6s extl 1952-A&0 6s 1953 A&O 24 % 29% w 76 82 63 70 Hamburg (State of) Germany Gold 6s 1946 A&O / 15M Hanover (City) Germany 7s'39 / 20 % 32 25 '25m 23 23 30 21% 21% 30 10 11% i30h llH Ry* its iol 14% 10 \VA \VA \V> 12% 9m 12M 9m 12% 9% n 90 86 M 25 Hanover (Prov) Germany— 6s 2 — 108 II* 19 6s assented 1960 s f 6s Feb 1961...f&a 6s assented Feb 1961-- 6s assented Connecticut. 20 Extl 106 West Palm Beach— > 18% a&o f 6s 1960 106 65 Refunding 3-5s Oct 11972 Suwanee Co Road 5ms 1946— 6 4.25 Tampa— os June 1955 opt *25 99 j&j 5s w w Purch '39-72.f&a 6 2.50 4Mb Impt 1937 j&j 102 Ref 4s 1943-1965——- m&s 98 s Sink fund 7% assented 1942 Extl 60 St Johns Co Road 5s 1946 Road 5 Ms 1944 m&s St Petersburg— 20 17 Chilean Cons Municipal LoanExtl s f 7s 1960 ser a. .m&s Chili (Rep) ext 7s 1942.m&n 32" 70 m&n 20 17 m 6s Oct coupon on 1960--6s a int ctfs 1938—a&015 Central Bank of Germany— 6s a 1952 f&a / 6s series b 1951 a&o f to 3.70 111 58* 19 - to 3.25 104 42 17 m Cent Agricul Bank (Germany) Farm loan 7s 1950—m&s15 / Farm loan 6s 1960 j&j15 f to 3.50 Refunding 4s 1940-62-f&a 101 Orange County 5s 1944--j&j 6 3.50 6 3.00 58** 40 11% 14m 11% 1m 26M 32 Cun dinamarca Dep (Colombia) Extlsf 6 Ms 1959 m&n Certificates of deposit 58 17 m 32 50 IV IYA 57 7 Ms 1946 a&o Certificates of deposit Extl sec 78 1 948 j&d Certificates of deposit Ceara (Brazil) 8s 1947 j&d 109 &j 80 70 Oauca Val (Dept of) Colombia 3.75 to 113 j&j 106 Certificates of deposit Oali(Oolombia)s f 7s '47-m&n Gallao (Peru) 7 Mb 1944—j&j Carlsbad (City) s f 8s *54-j&j 72 110 103 "mi 62 Sec s f 7s 1967 j&j Stabil loan 7 ms 1968.m&n Caldas Exts f 7 ms 1946 j&j 106 m&s 6 3.50 6 2.75 (Republic)— f 7s 1951 Bulgaria (Kingdom)— to 2.50 65 54 j&j Extl 4Mb 1977— Extl g 5s 1949 Ext! 26 62 4m-4ms '76-.-f&a 106m Marion Co Road 6s Feb 1 '52_ Road bonds 5s July 1 1952— Miami— 5Ms 1940-1950 -m&n b 2.25 Ref 4mb non-opt 1947-56— b 3 .00 New Smyrna— Ref 3-4 m-6s Jan 1 1964—88 Orlando— f Rica sec s Danish - Extl re-adj4M-4ms *76a&o Ext re-adi 4m-4Ms'75m&n Extl s f 4s s bonds 1984-j&j s f 7s 1942 Extl g 4Ms '49 opt 20 102 y 65 s Funding 5s 1951 m&n Costa Rica Pac Ry 7Ms 1949 5s 1949m&s Cuba (Rep) 5s 1944 m&s 107 m 104 60 m&n f&a 25% 30 Czechoslovak Republic— Ext s f 8s 1951 ser a:. _a&0 13 m 101 10 Extl Costa Ext 97 96 m 96 % /100 8 19M 25% 30 Cordoba (Prov) Argentina— 101% 101% 16m Brit Hungarian Bk 7 ms 1962. f Bud' pest (City) 6sj 'n'35coup '62 35 35 ' 23 95 14 65 External _ "24" 88 m 98 5Ms Jan 15 194(p45-j&j 15 b 2.00 Refunding 2.60s Jan 1 1957 100 Lakeland new refunding 70 Water & Light 6mb 1940-50 107 Leon County 5s July 1 1939-40 b 2.00 b 2.75 5s July 1 1941-55. 18 22 j&d opt '60—-m&n /100 110 b 2.75 5ms July 1941-1975 Hillsborough Co 5s Oct 1 1943 103 m 106 Hillsborough Sch Dist No 4_- in 15 22 36 88 100 f 6s 1950 66 No. 1 5s 1939-1955--. a&o b 1.50 Tax free f&a 64 Escambia Co 6s Aug 15 1951101 Gainesville 5 Ms July 1939-40- b 1.50 * lly> ' Dade Co 5s Oct 1947-54.a&o Special Tax Sch Dist No. 2 Ref 4s 1956-67 m&n Ref 3ms 1940-1947. .-m&s Duval Co Road 5s 1955--a&o Duval Co School District (City of) 5s '57.a&oi/ 17m British 4s 1990 War Loan 3 Ms of 1932 Brevard County School Tax Districts No. 1 & 4 RefundColumbia Co Road 6s 1955— Coral Gables— New refunding 2 m-5e 1977- 1958 1952—j&d,/ 16 sf 5s 1958— 20-year 4s 1961 3 j&d / 21 Funding 5s 1931-1951.a&0 / Funding scrip |/ Bremen (State) 7s 1935.-m&s / 6s 1940 m&s / Brisbane (City) Australia 30-yr s f 5s of 1957 m&s to 1.90 0.25 3% 3m 3m „ Extlsf6Ms(1927)'57-a&0|/ 17m to 2.10 a&o 25 m 24 a&o / Extlsf 6Ms (1926) 2.3o & .j&jt/ m&Si/ Extlsf 7s 1969 6s 1940.— to 2.00 a&o Refunding 2-5s 24 Extl 7s 1958 to 1.50 5s 1947-1949 5s 20 17 m 17m 11m 19 m Certificates of deposit 7s Oct 1947 a&o Certificates of deposit Bolivia (Rep) Ext 8s '47 m&n to 2.50 0.40 4s 1939-1941 „ 14m 13 % 102 m 112 m . delaware Pensacola 4mb ref 1941— 93 m 106 m a&o / j&d/ Bogota (City) extl 8s '45-a&o / Certificates of deposit >/ Extlsf 6 Ms 1947 a&o / Bogota (Mtge Bk) 7s May '47 f to 2.25 0.50 2ms April 1 1940-1947 .125 2Mb April 1 1948-1957 1.45 2Mb April 1 1958-1966 1.50 Kent Co 4mb 1945-1950.m&s New Castle co— 5 Ms 1940-1944 j&j b 0.25 Sussex Co 5s 1940-1970—j&j b 0.60 4mb 1939-1953 a&o b 0.30 Wilmington— l.oo 4Mb Bldg Con *53-'62 M&s 0.2a 4mb 1939-1958 (s-a)..a&0 Paim Beach j&t, Berlin 6ms 1950 6s June 15 1958. to 1.80 0.50 4Ms Mar 15 1940-49.-m&s West Haven (School Dist)— ♦4 Ms 1940-1956 m&n Windham (Township)— 4s 1940-1952. j&j 2mb 1940-1953 j&d 5s 1952-1953 5 ms 1945 1950 6s 1940-1950 29 'a* Belg Govt extl 6 ms 1949 m&s| External s f 6s 1955—j&j Extl s f 7s 1955 j&d West Hartford 4 ms 1943 j&d Jacksonville— 6s Jan 15 1940-45—j&j 26 m 29 ' 0.25 12 m Hukuang Rys 5s £._j&d 15 17 m 2 m-5s 1954 / 30 Cologne Germ'y 6ms'50_m&s / 19 Colombia Rep 6s 1961 —j&j I 25 m 22 Certificates of deposit—. 6s Oct 1961 a&o 25% 22 Certificates of deposit 63 m Funding 4s Jan 1 1946 Colombia Mtge bk— 20-yr s f 6 Ms 1947 a&c / 26 Certificates of deposit / 24 Sink fd 7s(of 1926) '46 m&n / 26 Certificates of deposit / 24 Sink fd 7s (of 1927) '47 f&a / 26 Certificates of deposit / 24 Copenhagen 5s June 1 *52 j&d 88m Extl g 4 Ms 1953 85 m&n Cordoba (City)— 29 ' 0.25 Ask Chinese Government— ' 0.50 0,50 12% 9% j&d 29 - to 1.85 1.10 m&N 1962 6% notes 1931 27 29 . (t) 4Ms 1942.-j&d Norwalk Bid (Concluded)— 6s assented 27 ' 0.25 Bonds Chili Mtge Bk 6s 1962. Igricul Mtge Bk (Colombia) 6s 1947 f&a / 26 Certificates of deposit.— / 24 6s 1948 a&o / 26 Certificates of deposit.—_ / 24 26 7s 1946 a&o 24 Certificates of deposit 26 7s 1947 j&j Certificates of deposit... / 24 89 m Akershus (Dept of) 4s '68 m&s Anhalt 7s to 1946 m&s / 19 Antioquia Col (Dept of)— Extl s f 7s ser a 1945—j&j 14m Certificates of deposit... 12m 14 m Extl s f 7s ser b 1945._j&j Certificates of deposit 11% 14 m Extl s f 7s ser c 1945—j&j 11 % Certificates of deposit— Extl s f 7s ser d 1945._j&j 14% 11 % Certificates of deposit 13 m Extl s f 7s 1957 1st ser. a&o Certificates of deposit 11% Extl s f 7s 1957 2d ser. a&o 13 m Certificates of deposit 11% Extl s f 7s 1957 3d ser.a&o 13 m Certificates of deposit 11% 8s 1946— f 38 91 Antwerp (City) extl 5s '58 j&d Argentine Repub— 94 % 4 Ms s f extl loan 1948.m&n Extl s f conv 4Ms '71-m&n 87 m 8 f extl loan 4s Feb '72. f&a 79 m 8 f extl loan 4s Apr '72. a&o /9% 80 2% Treasury notes 1948--. Australia (Commonwealth)— Extl 5s July 15 1955-j&j15 101 Extl 5s 1957. 101 m&s Extl 4Mb 1956 96 m m&N Austrian Govt 7s 1957—j&j 12m Baden extl s f 7s 1951 j&j 18 m Bank of Colombia 7s '47-a&o 26 26 7s 1948 a&o Barrauquilla 8s 1935-40-46-48 jf 23 Bavaria (Ger'y) 6ms '45-f&a ms 1940-1944 m&n 0.15 to 0.85 Middlesex County— 1 ms Bdge 1939-1955-m&n b 0.15 to 1.65 New Britain (Co)— 2s 1940-1951..' f&a 6 0.30 to 1.75 ♦4ms or Ask foreign governments and cities Hartford County— Yield Basis or Bid Bonds Net ~H% 10M 12* 13 15 12 16 10 1st series 1957—F&A / 6Ms 2nd series 1949—F&A / 18 18 Havana 1st 6s 1939 Q-J 80 2d 6s Q-J 80 Heidelberg (Germ) 7Ms'50J&J / 12 M 90 90 16 Hellenic Republic (Greek) Sec Wat Works 8s 1952 A&O / 53 Helsingfors (City) Finland— Extl s f 6Ms 1960 A&O 102% Hessen. See Munich Bank Hungarian Cons Munic Loan s f g 7Ms 1945 J&J / 10% Extl s f 7s Sept 1946—J&J / 10M Hungarian Land Mtg Instit'n Mtg 7Ms 1961 ser A—M&N / 10 Sf 7Ms 61ser B($bds)M&N / 10 Hungary (King) 7 Ms *44-F&A / 29 Ext at 4M% to 1979.-F&A 26 M Irish Free State 5s 1960-M&N 103 Italy (Kingd) extl 7s '51.J&D 60 102M 12 12M 16 13 39 28M 113 63 % Prestito RedUmibile 3 Ms Specified unspecified 21H 26% 22 M Ital Crea Consortium for Pub wks ext 7s B'47 M&S Pub Util Credit s f 7s'52J&J 45 Japanese Government— S f 6Ms 1954 78 80 59 61 53 M 49 M 53 M Extl F&A s f 5Ms 1965 M&N Oriental Dev Co 6s'53.M&S Orient Dev Co 5Ms'58M&N 61 64 47 49 H STATE 94 for the closing day of the month Ask Net 53 L,KC8'WSUl958...M*S 56 51 54 26 28 Metrop Water Service— See New South Wales. Mexican Irrigation s f gtd 4 (May' 14 coup on) '43 M& Stamped assented. M 1' M 14 K —- Dr Board 1950.-A&O Norway ext 6s 1943--—F&A 12 94 f 5s s Panama 1% 2s 2 99M 99 — 100 104 M 104 M 101M 105 M 100 17 19M l02~" 653* A&O f 6s 1961 Stabilization sf7sl947A&0 5734 47 1234 !Q34 - 'P 50 1234 F&A (Westphalia) 6s 33 1034 4034 33 4134 55 46 1134 934 20-yr 3s 1955— J&D 3s 20-year 1958 J&D 3s perpetual M&S 3s Jan 15 1967 J&J 30-yr 3s Nov 15 1968.M&N 14-yr 334s 1951 M&N 25-yr 334s 1961 opt *56 J&J 15-yr 3 34s. 1949 A&O 20-yr 4s 1952 A&O 30-yr 4s 1960 —.A&O 4 348 5s Nov 15 1941 M&S 1944.A&O 18 Queensland (State) 7s *41 A&O Ext g 6s Feb 15 1947 F&A15 Rio de Janeiro 8s 1946—A&O Extl sf 634s 1953 F&A «Ms 1959 17 18 10334 10434 1034 934 6s 1933 Rio Grande Brazil ext s Do Sul (State) f 8s 1946--A&O M&N J&D J&D f 6 Ms 1952—A&O f 1966 7s extl s Extl Extl f 7s 1967 f 6s 1968 s s 934 10 Rome extl Roumania s 1234 1134 1134 ii* 1959 F&A 20H s J&J f 6s 1953 8s 1948 -— 8s ctfs of deposit 1948-.. Santa Oatharina (Brazil)— 8s 1947— F&A / San Paulo (Brazil) State of— 1034 8% external loan 1936- J&J Extl 8s 1950 J&J M&S f 6s of 1928.1968 J&J Extl 7s 1956 Extl Sec s s A&O f 7s 1940— Santa Fe (City) Arg Rep extl 7s 1945 A&O 4a 1945 stamped A&O Santa Fe (Prov) 7a 1942.M&S - 4s Stamped 1942 Santander (Dept) Extl s f 7s 1948 -4- 14 10M 1034 2734 4934 112 11134 m 11134 65 65 67 6334 6334 6334 6034 6034 6034 6034 6034 6034 58341 6434 6434 6434 6134 6134 6134 6134 6134 6134 4Mb 1939-1946—J&D 29 434sl947-1956 J&D 29 4 34s 8 f deb Jan 23 '69 J& J23 Calgary 5s July 1,1945 J&J Edmonton (G) 5s '45&'50A&0 67 105 60 106 106 105 100 103 102 102 101 101 82 82 85 85 A&O 82 85 103 105 5ssf 1955 & 1960 114 115J4 116 99 106 102 96 98 M&S 95 98 91 96 98 11 5s 1944 12 5s 1959 J&D J&D 934 13 1234 12" 11 58 2134 4Mb 1945 4Mb 1951 4Mb 1956. 4s 1957- -M&N F&A J&D 93 97 95 92 95 89 88 91 J&D 85 3 34s sf deb 1949 F&A Montreal 5s Dec 1, 1945-J&D 5s ■ f Nov 1, 1956 M&N 90 83 4Mb May, 1954 4Mb Jan, 1944 J&J 4Mb 1940-1951 A&O 15 434s June 1, 1971 J&D 4s May 1,1944 M&N Metrop Co 434s '53,'54&'61 434s May 1, 1965 M&N Harbor Commissioners— 5s Nov 1, 1969 M&N 8634 86 99 10034 30034 99 9534 97 97 9834 9834 93 34 101 96 97 99 97 9834 9834 97 120 122 11134 11134 114 112 113 34 10834 10934 11034 New Brunswick— 10 Sf deb 534s 1950 Sf deb 534a 1952 10034 HI 101 104 100 109 109 9934 10034 to 115 116 to 109 111 to H734 10034 111 10034 10134 120 to ill 9634 J&J 3<s 1940-1941 1950-1959 J&D A&O 4Mb 1942-1945 A&O 4Mb 1946-1961— 4s £ July 1 1948 334s July 1 1944 Vancouver, (B C)— 534s 1952 A&O J&J J&J F&A var 5s 1945 & 1946 var---5s 1950 & 1951 var 5s Jan 15 1970- J&J14 Debenture 5s 1960 J&J 4Mb 1955 M&S 4Mb I960.. A&O 434s non call 1958-M&N 15 434ssf Apr 15.1961 A&015 Sf deb 3 Mb 1948 A&O 334s s f deb 1946 J&J 3s s f deb 1941 J&J North Vancouver 5s '60—J&J / Nova Scotia (Province)— 1960 M&S Deb 4348 Sept 15*52 M&S15 Deb 4348 I960 M&N 15 109 114 10734 109 10734 109 9834 1100 99 9734 101 "30" 27 117 msH 10934 1U34 113 80 67 Colombia -A&O / 1834 gold. 10634 81 74M 75 7034 7034 6834 101 105 116 104 108 109 104 94 99 99 97 94 86 99 - Pulaski Co 5s 1940-1948—J&J b 2.25 Savannah 4Mb ref 1943.-J&J J&J 111 113 98 97 9934 98 113 140 114 108 83 W* 78 7134 7134 7034 107 99 4Mb 1942 and 1967—F&A Verdun deb 5s 1954.— Winnipeg, Man 5s 1944.-A&O 103 4Mb non-call 1944—M&N 10134 434s June 1 1946 J&D 10134 434s June 15 1950—J&D15 99 4® Aug 1 1946. F&A15 96 GEORGIA 4Mb ret 1940-1945 J&J 6 125 Albany 5s 1945 -—..J&D 6 2.50 Appling County— Road 5s 1949-1953 6 3.00 Athens 434s June 30 1943 6 2.15 Atlanta 434s Jan 1 1940—J&J 6 1.75 5s Water 1940-1951 J&J 6 1.25 434s 1940-1956 -J&J 6 1.25 Ref 234s 1940-1967—J&D b 1.00 Augusta 434s Flood '42-M&N b 2.00 Bibb Co 4Mb 1948-49..M&N b 2.45 Chatham County Road 4Mb 1940-1949-F&A b 1.25 Clarke Co 5s 1940-1944—J&J b 1.25 Columbus 5s 1940-1944—J&J b 1.25 Crisp Co 5s *40-'57 F&A b 3.00 Dougherty Co 5s *40-'48 M&S b 1.25 Muscogee County Road 4Mb 1940-1956—A&O b 1.50 4Mb Drainage 1944—-F&A 4Mb Refunding 1959.-F&A 234s 1943-1967J&D15 Spalding Co 5s 1940 *49--J&J Swainsboro 6s 1940-50—A&O Valdosta 5s 1940-1942 Jan Ware Co 5s Road 1940-49 J&J Watkins S D 6s 1940-50.M&N Woodbury 6s 1940-1949-J&D IDAHO s Impt 1939-47 opt '30 s ref 1940-1945 A&O Boise City 119 10034 110 95M 98 96M 11134 125 112 4 125 101 10034 M&N 96 101 101 99 97 92 102 105 103 103 101 98 to 2.00 2.10 to 3.50 2.00 1.25 to 2.45 to 2.45 to 2.40 1.90 2.35 to 2.35 to 2.25 to 2.20 to 3.50 to 2.75 to 2.50 6 Basis. S 1?75 to 3.00 2.00 6 2.60 2.50 % 6 1.75 5 1.25 to 2.35 6 2.75 to 4.00 to 2.75 6 1.25 to 2.25 6 1.25 to 2.75 100 105 100 105 0.75 % less 1.00 to 1.25 2.50 less 1 4Mb Serv Comp '39-*43.Aug 1 4Mb Serv Comp '39-'43_Aug 1 0.25 to 0.25 to 4^s Serv Comp '39-'44-Aug 1 0.25 to 1.15 0.25 to 0 90 Highway 1939-1943-May 1 Highway 1945-1954—M&S Highway 1955-1958..M&N 334s Emerg Rel '39-*47 Dec 15 3 Mb Emerg Ref '48-54 Dec 15 0-90 1.00 4s 1.25 to 4s 1.80 0.25 to 1.90 1.45 to 1.70 6 1.50 to 3.00 Bloomington— 434s Water 1940-1961 opt 1952 Champaign 5s Road M&S County— 1940-1943—M&N 6 0.75 1.75 to 1.40 to 1.50 Chicago— 3s 1941-1944 0.75 1.60 to 2 0.75 3s 1945-1948 to 1.50 to 00 0.50 3s 1957 opt 1940 3s 1957 opt 1941-1942 3s 1956 opt 1945-1949 6 2.30 l"l5 to 2.50 Water Works System— 3s ctfs Aug 1 1954 % % 2.30 2.40 2Mb ctfs Feb 15 1958-59— 0.50 1.90 3 Mb 1951 opt 1940 3 Mb 1952 opt 1945 3 Ms 1953 opt 1946— 2.05 2.25 33*8 1955 opt 1951 6 0.40 6 1.60 4s 1945-1948 4s 1949-1950 to 1.50 6 2.15 4s 1940-1944 M&N J&J pure 12334 11234 112 1UM, 4s 103 „5 34s 1958 J&J J&J 43JH951 112 A&O X Quotations per 100 gold rouble bond, equivalent to 77.4234 gramsjof 104 111 Deb 5s 71 107 96 95 11 17 10334 11134 J&J 20 5 11134 J&D 1934 18 111 5s 1943 20 934 108 Deb 43481956 A&O 434s Jan 15.1957 J&J 4348 July 16. 1958 J&J 434s Apr 1, 1961 A&O 4 Ms June 1, 1967-.,—J&D Debenture 4s 1954 J&D 5 F deb 34 (Mtge Bk) 6s ser A *47 M&S 6s series B 1947 A&O Salvador 7s 1957 J&J Certificates of deposit— 4s scrip 10434 1134 Russian 634s June 18 1919— 6M% ext loan Dec 1921 — Saarbrucken (City) Germany Extl 103 105 J&J A&O 15 A&O 534s 1942 20 Feb 1937 coupon paid 10234 10234 Lachine P Q 5s 1954 J&D Manitoba (Province of)— Debenture 6s 1947 A&O 30 20 19 105 108 (Monopolies) Institute 7s 9934 95 J&J A&O 4s Elec L & P 1941 Prussia 6 Ms 1951—M&S 15 6s 1952— --A&O 100 M&N A&O M&N Refunding 5s 1943 5s May 1952 Alberta (Prov of)— Gold 534s 1947 Gold 534s 1952— Gold 5s 1948 10334 9934 101 Halifax N S 4s July, 1945 5s Jan. 1951 J&J Hamilton— 22 5s 1941 10334 10434 10034 9934 9534 10234 10234 10334 10534 10434 10834 Brit Col (Prov) 5s '48.-J&J 15 5s Apr 25, 1954 A&O 25 24 6s 1936 103 10334 4Mb Jan 15. 1942—J&J 15 20 35 Sinking fund 8s 1961—J&D S f 40-yr 7Ms 1966——J&J 10334 102 Gold 5s 1959 47 1034 1034 934 103 1134 1034 4234 1963—J&J 9934 10034 10 52 1956-A&0 Coupons 1936-1937 Porto Alegre (City) Brazil— Prov Bank , 33 Dollar funding 3s 7s 1968 "59" 39 434s assented 1968—A&0 External 8s 1950 J&J 4Mb assented Net 11434 122 15-yr 3s 1951 M&N 334 s 1949.. J&J 3 34s sf deb 1952 J&D 434s 1961 M&N S F 4Mb 1946 J&D 434s 1956 J&D Quebec City— 5s S F (non-call) 1960.M&N Saskatchewan (Province)— 5s 1943 (non-call)—J&D15 5s 1959 (non-call) M&N 434s July 21945 J&J2 43*8 1955--43*a Mar 15 1960 M&S 4s Nov 15 1957 M&N15 Toronto 6s 1939-1940 J&J 8-yr 234s 1944 5s 1940 & 1941 M&N F&A 5s 1950 934 1134 1034 59 J&J J&D 1944 15-yr 4Mb 1940 10034 s 15 Refunding 100 g f 5s 1963 M&N Stamped 5% scrip Parana (State) Brazil 7s 1958Pernambuco (State ofj Brazil Extl s f 7s 1947 -M&S Peru sec s f 7s 1959 M&S Nat Loan extl 6s 1960-J&P Extl I— — 103 1970-.----J&D Poland (Rep of) 6s 1940-A&O 4Mb assented 1958--A&O I— 34s Jan 8-yr 2Mb 1943 7-yr 2348 1944 10-yr 2Mb 1945 4Mb 1939-1944 4Mb 1943-1960 Quebec (Province)— 5s 1940-1950 M&S J&D 1941— notes 6-year 1944 Imp '39-'50—J&J July 1. 1959-1956.—J&J 5s "2734 Dominion of Canada— 85 Extl 51 1634 CANADA (City) 6 Mb 1952- — / 36 (Rep)ext534s'53 J&D 101 Panama "38" (American Dollar Quotations) Norway Municipalities Bank Guar 4134 4134 2534 4Mb assented 1958 F&A Warsaw (Land M Bk) 8s 1941 / 37 Westphalia—See Prov Bank 1934 Wurtemberg 7s to 1945-M&N 5634 Vokohama extl 6s 1961--J&D "60~~ 101 99 M Nuremburg extl 6s 1952_F&A Oldenburg (Free State) 7s 1945 Oriental Devel—See Jap Govt Oslo s f extl 434s 1955..-A&O f 4234 3934 29 104M 4Mb extl sk fd 1956—M&S 4Mb extl sk fd 1965—-A&O Sk fd extl 4s 1963 F&A 44 40 48 103 % 104 M 1944.-F&A f 6s 4334 Vienna (O) extl 6s *52 M&N Warsaw (City) 7s 1958--F&A 12 99 51 35 49 % 98 % 98 M S f 534s "52"" M&N / 46 M&N / 46 37 Met Wat Serv & s 1934 Conversion scrip Venetian Prov Mtge Bank S f 7s 1952 ser A A&O (Australia)- 5s extl s f 1957 F&A Extl s f 5s 1958--—-A&O External 5634 1834 F&A 6s Munic 5s 47 334a extl re-adj 1984—J&J 85 / / 35 55 2M 2M 1M 1M 48 Hydro Elec Pow Com— 434s Jan 1, 1970.-J&J 2 A&O s F&A F&A Ottawa City 5s '39 '45.—J&J 40 bonds of 1937-78 1940 2Mb 1944 25 1H Bank Mtgei "Bank of Denmark— 87 Exch s f 58 1972 ser IX J&D Municipal Bank— F&A / 1934 Hessen 7s to 1945 National Bank of Panama— A & B 1946-1947 C & D 1948-1949 2s 106 4-434-434% extl readj 1% 1M 1M f f 6 Ms '52. A&O 22 3934 Convs f of *37 1978-J&D ~"lM pieces—- f .— ""in M&N 21 10134 '47-M&N F&A 1960 f 6s 1941 2034 24 334-4-434% ($ bds of 1937) external readjust 1979— 334-4-434% (S bds of 1937) external conversion 1979 3 34-434-4 5-16% extl 1M 11M 11M / 53 Montevideo (City) 7s *52 -J&D Extl s f 6s 1959 ser A.M&N / 52 M f 35 Scrip. ser a 4Mb 1944 M&S 4Mb Jan 15. *40•'47-J&J 15 4Mb Jan *15 *48-'57-J&J 15 4Mb 1910 1970 M&N 15 2134 F&A Extl sf 6s 1964 J&J M&N May 15,1940^3_M&N 15 4s May 15,1944-57-M&N 15 4s May 15,1958-68.M&N 15 M&S Extl s f 5 34s 1961 Tolima (Dept of) 7s 77 Minas Geraes (State) Brazil Extl 6 Ms 1958.—--M&S / Extl 634s 1959 ser A M&S / 4s To Ask . F&A / Sydney (City) N S W— 25-yr s f 534s 1955 Tokyo (City of)— 5348 1946 4s , 1st mtge s f 6s 1947 Extl '2$ ext to 33 New South Wales Ontario (Prov) 6s '43—M&S15 4s (Prov) Poland— f 7s 1958 J&D / 29 Uruguay 8s ext 1946 1945— / # s 434s assented 1958 J&D Sllesfan Landowners Assn— 74 / / t „, 934 2434 24 34 / 21 5s of 1912-1952 72 M 5s assented 1945-------- / ser Extl 80 4s of 1904-1954 J&D 4s assented 1954 J&D Extl 4s of 1910 (£20 pieces) / £100 and £200 pieces. , 6s 1947 7. Herbs Croats & Slov (King of) Extl 8s 1962 M&N / Extl 7s 1962 ser B—M&N f 16 18 15 18 11M 14M 11M --J&D f State 11* ^ 14M Certificates of deposit— f Milan (Italy) ext or Bid Bonds 1 5s 1959 934 934 s Mtge Institution J&D / Sink fund 634a 1946—J&D / Silesia Mendoza (Prov) Argentina— 7 Ms extl s f 1951 J&D Stamped J&D / 4s extl readj $ bds 1954.J&D f 7a 1961 Sink fund 7s 1945 13M __ Medellin (Munic) (Colombia) 7s extl Dec 1 1951 J&D f f Certificates of deposit 4s Haxon 17 1958-----M&N f.XIM Certificates of deposit. Lower Aust (Pr o v) 7M>8'50J& D Luneberg (City) 7s 1948-M&N Maranhao (State) Brazil-- £100 and £200 1034 s f 634a 1957-M&N 15. Extl sec 6s 1943 _M&N f 11M Treas 6% notes £20 pieces. 13 14 34 1034 Extl / 10 / 11 / 23 M / 19 6Ms 1954. V " M&N Extl State Mtge Bk 7s 1957- A&O Leipzig (City of) 7s 1947F&A / f 7s Bonds A ik 4ao Paulo Brazil 8s 1952 M&N Jugoslavia (Kingdom)— Fundings f 5s 1956---M&N 2d ser funding 5s 1956 M&N s Bid iantiago(Oity)CbIle7s '49 J&J f 1034 Foreign Govts, and CitieB (ConclA Ext ) ield Basis 1 0 or To or Bid preceding the date of issue Yield Basis Yield Basis Bonds BONDS MUNICIPAL AND Quotations for all securities are as near as possible to 2 20 6 1.00 6 1.90 to 1.50 to 2.10 4 Ms 1954 % l?£0 Board of Education— 3s 1957 opt 3s 1957 opt 1941-1943 1945-1947 3 Ms 1955 opt 1946— 4Ms 1954 opt 1944—, Chicago Park District— 3 Ms 1956 opt 1946—, 4sl955 opt 1939 4s 1955 opt 1940-*44 4s 1955 opt 1945-*47, 4s 1955 opt 1948-*55 Sanitary District— 4s 1955 opt 1940-*44 4s 1955 opt 1945-*47 4s 1955 opt 1948-*54 / Flat price, k Last sale, n to 2.20 I 2.15 1.50 2.20 0.40 6 0.50 6 2.10 to 1.85 6 2.35 to 2.50 6 0.50 6 2.10 to 6 2.35 to 2.50 Nominal. to 2.30 1.85 to 2.30 $ June, 1939] STATE MUNICIPAL AND To or Bid 0.50 opt 1948-1953 Elgin Sanlt D 5s '40-'44.M&N Evanston S D No 76— to 2.30 2.35 to 2.50 0.75 b 1.00 4Hs June 1 1939-1948 Forest Preserve— 4s 1956 opt 1940-1944—— 0.50 4s 1950 opt 1945-1947 2.10 4s 1956 opt 1948-1952 2.35 Granite City 4 Hs 1939-48 J&D Jackson Co 4Hs 1940-40-J&J La Grange (Village of)— 1*38 Water rev 1.942-68—M&S Lake Co 5s Road '39-'49.F&A Madison (Kings H'way Bdg)- to 2.50 to 1.85 to 2.30 to 2.50 1.50 2.50 0.75 to 3.25 99 H 2.26 to b 1.50 to 2.90 106 103 to 2.50 - to 2.90 to 3.40 to to 2.90 b 3.15 3.05 Caddo District Levee— 5s 1951 opt 1941 1.50 % 0.75 b 0.50 to b 0.50 to 1.25 % 1.50 0.75 1940-1948-F&A b 0.75 to 2.00 1939-1942 J&D b 0.25 Cedar Rapids 4 Hs'49-'53M&N b 2.15 Clinton Co 2 Ha 1942._M&N b 0.75 4Hs Davenport Indep Sch Dist— 4 Ha 1940 M&N 4H® 1940-1941 M&N 1940-1966 A&O Public Belt Bridge Rev— 4s 1939-1945 A&O 4s 1946-1956 A&O 4Hs serial gold 1939-45 4 Hs serial gold 1945-60 4 Hs serial gold 1961-80 Sewer and Water— 4 Ha 1939-1945 J&D 4Hs 1945-1960 J&D 4Hs 1961-1980 J&D 4s 1939-1950 J&D 4s Constitutional 1942.J&J 4s Pub Impt '52 opt '42.J&J 4s Pub Impt 1942 J&J 4Hs 4Hs 1944 4s Sept 1 1945——M&S Lee Oo Prim Road 2 Ha-1948 Lyon Co 2 Ha May 1 1940-47. Marshalltown— 4 Ha Water 1939-1944-A&O Sac Oo 2 H» May 11940-1947Sioux City 6s '39-'45-F&A15 6s Ref Aug 15 1940—F&A15 194047—M&N J&J Sioux City S D 5s 1941—J&J Woodb'y Oo Fund 2Ha'42-,40 Sewer 2 Ha 1939-1956 0.75 1.60 less 0.50 to 1.50 1 0.30 to J&J J&J A&O •4 Ha Sept 1.1939-'68_M&3 4Ha Non-callable 1952 J&D 1.75 0.50 less 0.25 to 1.80 0.25 to 2.00 H 0.60 less 0.60 194-53 5s July 1940-1949 5s July 1950-1959 *4 Ha 1940-1961 to 1.50 0.25 % 5s to 1.40 H to 1.85 1945-1967 0.90 1.30 4 Ha Imp July 18 *49—J&J Board or Education— 4 Ha 1940-1953 F&A 6 0.40 4 Ha 1939-1953 J&J 6 0.40 Sch Dlst4Hal940'54J&J 6 0.40 2.00 to 2.15 to 2.20 to 2.25 Leavenworth— to 1.85 65 1945 Sedgwick Oo 4 Ha 1940 Shawnee Oo 4Hs 1944-.Topeka 4Hs 1948 5Ha Jan 1 1941 J&J 1.25 1.75 0.60 6 0.30 to 1.30 6 0.40 to 1.60 6 0.40 to 6 0.40 to 1.60 1.80 102 y H 102 H 102V 102V 102H 103 101H 102 102H 102 H 102 102H 102 H 103 102 H 102 H No 13 1953 Project No 141945 103 103 Ashland— 4Hs S I *42, *47 & '52M&S Bowling Green—5s 1955-J&J Covington— 4Hs 1939-1950. A&O 4Hs WW 1939-51 J&J 4s Fdg 1952 opt *42 —F&A 4Hs School Jan 1 1940-69 Hen lderson Oounty— 4Hs R&B Oct l'39-'50 A&O b 2.95 to 3.15 b 1.00 b 2.40 to 2.30 b 2.95 to b 1.00 to 103 H 108 H 102 H 6 3.50 6 3.60 3.30 3.50 6 3.50 6 3.50 6 2.50 3.25 3.25 2.25 6 3.80 3.65 I % 104 H 109 H 103 102 H 102 H b b 1.50 3.45 104 104 to 3.40 to 3.65 3.40 to 3.80 to 105 106 105 106 b 3.50 J&D b 2.50 3.40 to 2.25 107 to 3.25 110 111 113 J&J 116 118 110 112 106 107 115 117 1.00 to ' 1.00 to 2.85 >-1.00 111 3.00 3.00 to 113 MAINE ft 0.75 4s Sept 1, 1939-1953 M&S b 0.75 4s Highw & Bdge *40-44 M&N b 1.50 4s State Pier 1940-1942—M&S b 0.75 to 2.30 3Hs 1939-1951 to 2.30 to 2.25 to 1.75 to 2.00 Augusta—-4s Oct 15 1939-1955 4s Wat Wks Sept 1 1939-40 b 0.75 to 2.50 5 075 Bath 4s Ref 1941 tax-ex.J&D 5 2.50 Belfast 4 Ha Ref *39-'50 M&N 5 3.50 Brewer High Sch Dist— to 2.00 4Ha 1939-1945 M&N 5 1.00 Kennebec Water District— 4s Ref May 1, 1950—M&N 5 2.60 Old Town Water District— to 3.00 103 Pub Wks Nat Recovery _A&O 5 0.75 to 2.30 Portland Bridge District— 5 0.75 to 2.20 3Hs July 1.1939-1947 Portland Water District— 4s Funding 1948 2.25 J&D 5 2.35 2 Ha Water May 1 1953 South Portland Sewer Dist— 4s 1939-1950 M&N 51.00 to 2.50 Water vllle 4Ha 1940-50 5 2.50 to 3.25 Westbrook 4Ha 1939-48 5 1.00 to 2.80 ex. MARYLAND to 1.00 to 1.40 J&J 6 1.00 to 2.80 6 1.00 to 3.10 Louisville—5s Sch 1902—A&O 6 2.50 4H3 Hospital 1951—M&S 6 2.10 2.40 1939-1951 A&O b 0.25 1940-1952 June & Aug 15— * 0.30 lHa ctfte of indebt— F&A 15 b 0.50 2.40 6 2.45 2.35 6 1.15 6 0.80 6 3.70 0.90 0.60 registered 1946 M&S 4Ha Mar 1, 1940-'55—M&S b 0.40 4s Aug 1, 1951—..—F&A b 1.90 4s Annex 1954 J&D b 2.00 3.60 4s 6 3.80 3.65 Warren Co 4M8 1940-*69-J&J 6 3.75 3.50 - 1939-1970—A&O / Flat price. 2.40 2.40 2.45 1.55 2.10 to 1.40 4s 1945-1971 0.15 M&N b 2.10 M&S b 2.30 M&S b 1.40 to 0.60 to 0.80 to 1.30 3.00 3.40 to 2.75 to 2.70 2.00 2.20 to 2.90 to 3.30 to 2.90 to 2.90 to 2.25 2.10 to 2.20 % % % to 2.30 to 2.25 to 2.35 to 1.00 to 1.35 to 1.40 to 2.25 to 1.40 to 0.70 .30 to 1,80 to 1.20 to 0.70 to 1.75 to 1.75 b 0.40 b 0.50 2s G & E 1939-1947 A&O b 0.25 Lawrence (wat h'way & b'dge) 2Hs 1939-1958 to 2.50 to 0.90 to 2.00 to 2.00 to 1.60 J&D 5 0.20 to 2.10 b 0.50 to 1.95 Lowell 2 Hs 1940-1947 J&J Lunenburg Water District— 2Hs 1942-1969 .A&O Lynn 4s Sewer 1940-'56-.M&N 1 Hs 1940-1954 M&N Is 1939-1941 A&O Maiden 2 Hs 1940-1958—F&A b 0.80 to b 0.50 b 0.20 % % to 1.65 to 2.50,-/o 2.25*% 0.15 to 0.50 0.25 to 2.10 M&n 0.20 to tax-ex M&n 0.25 to 0.90 2s 1939-1947 J&J 2s 1940-1953 F&A Methuen (relief and sewer)— 2Hs 1939-1953 M&n lHs 1940-1949 a&O New Bedford 4s 1957 J&J 0.20 to 1.60 Re/ lHs 1939-48 Medford— 3Hs 1940-1942 1.75 0.25 to 1.80 0.25 to 1.80 0.20 to 1.60 "o.2o" N'th Adams 1 Hs 1940-49M&N to L60 0.20 to 1.35 0.15 to 1.80 Pittsfield 4s 1939-1944—_ J&D 2Hs Dec 1 1939-1955 J&D 0.20 to 1.20 0.20 to 1.75 Ref lHs 1939-1948—.A&O 0.20 to 1.40 0.20 to 1.20 0.20 to 1.25 0.25 to 1.75 - 2Hs 1939-1947 A&O Quincy 2Hs 1940-47 a&O lHs 1940-1949 M&N Reading lHs 1940-58 M&N15 Salem 1 Hs 1940-1948—M&N :7o 0.20 to 1.35 3Hs School 1939-1954-J&J 0.20 to Relief 2Hs 1939-1948.A&O Hs Relief 1940-1946.a&O 0.20 to 1.90 1.70 0.30 to 1.50 Somerville— 1 „ 2Hs 1940-1969 —J&J Springfield— 3Hs Water 1939-1960.J&D 2s sewage dlsp 1939-68M&n 1 Hs Relief 1940-1946.a&O Waltham 2s 1939-1948..J&D 0.25 to 2.25 0.15 to 2.00 0.15 0.15 to 2.10 0.40 lHs relief 1939-48...M&n lHs 1940-1949.. a&O to 1.75 0.15 to 1.30 0.15 to 1.35 to 1.30 Wellesley (Town)— S 1940-1952 m&S b 0.10 to 1.60 to 1.25 to 1.80 to 1.30 to 1.30 to 1.35 mexico See Foreign Govts, page 94* 2.00 1 to 2.25 to 1.75 1.90 % 1%75 to 2.25 lHs relief 1939-48 A&O b 0.15 2H« Hospital 1939-49.J&J b 0.15 to 2.00 /G I50 2.40 2.75 b 0.15 b 0.15 lHs Funding 1940-58..J&J b 0.15 lHs 1940-1948 J&J 6 0.15 6s % % 3.00 to 1.50 2.35 to 1.50 % 3.00 Winchester 3Hs 1939-46.J&J b 0.10 Worcester (City)— Baltimore— 5s 1940-1961 A&O b 0.40 5s Gen Imp 1943-45—M&S b 1.25 6s Water 1961 A&O to 0.20 _ J&D b 0.40 M&S b 0.40 J&D 1.50 to Annapolis 4H» W W *42.A&O Parks 1955 4s Mar 1, 1981 to 1.50 Framingham—■ 1% relief 1939-43—M&N15 1H8 water 1939-58—.M&N Haverhill lHs 1940-1951 J&D Holyoke 4s 1939-1950—A&O 2s 1.90 2.30 2.30 2.30 1.50 2.05 2.30 Ref 1965 J&D 4Hs Jan 1 1970 F&J 4Hs Sewer 1969——J&A 4s k Sewer 1947 F&A 4s Lou W Oo 1950-F&A 4s Sewer 1965——F&A 4s Jan 1 1970 J&J 3Hs Ref 1943 J&J 3s Sew & Park 1941 J&J Owensboro 5s Sewer—.J&D Paducah—4Hs to 1.00 ,2Hsctf8ofindebt, Oity Hall 5s 1940-'55-F&A to 1.70 Watertown— J&D15 b 0.25 J&J b 0.25 4Ha 1939-1942 J&J 5 0.80 M&S 5 0.10 to 1.50 ^ J&J % 1.75 % 4s 1940-1955 (tax-ox)>M&N b 0.25 ^ 2.30 3s ctfs of lndebt '40-'50—A&O b 0.30 100 Lexington— to Northampton 1 Hs '40-59 F&A Portland— 4Ha 1939-1942 1.00 to 1.15 Fall River 2 Hs 1939-1946 J&J b 0.25 2Hs 1940-1968 M 2 & N 2 b 0.25 2.00 3.25 % As 0.40 Chicopee 1 Hs 1940-1959 M&N 6 0.25 Easthampton (hi'way & relief) lHs 1939-48 M&N15 6 0.15 Everett lHs 1939-1941—J&J b 0.25 1 Hs Relief 1939.1948-J&D b 0.25 to 1.90 —-M&S b 0.75 b 0.75 Auburn 4s 1939-'40 tax-ex. J&J b 0.75 4s C H '40-'45 tax to 1.65 to 1.80 0.60 _ to 2.50 H'way & Bdge '40-'54.A&0 1952-1958 3.00 % Braintree 4sl939-1941 J&J b 0.25 Brockton lHs 1940-'48-.A&0 b 0.15 Is 1940-1949— _M&N b 0.15 Cambridge 2s 1939-1958-A&0 b 0.15 lHs 1939-1946 F&A b 0.15 1 Hs 1939-1942 F&A b 0.15 Chelsea 4s 1958 M&S „ ' July % 3.00 % 3.00 % ^ M&N 4Ha May 2,1940-67.M&N2 Tensas Basin Levee District— 5s Jan 1957 —.J&J 1944-68-- 2Hs Oct 1 1939-62—A&O _ 5s Dec 1, 1939-1969—J&D 4s to 3.00 3.10 3.10 2Hs Sent 1 1939-1956.M&S b 0.25 2 Hs 11939-1955 J&D b 0.25 Subway 2H» 1939-48-J&D b 0.25 2Hs 1983 J&D 93 Metropolitan District— 2Hs ser A 1940-58-M&S 0.25 2Hs ser B 1940-62-J&J 0.25 2Hs Dec 15 1939-1960— 0.15 3.15 2.75 4 Ha W W & Sew '39-'54J&J 5s % to 2.90 2slmprove*mt 1939-50 —A&O 0.40 102 to 2.90 Red River A & B B District— 5s 1950 Series B A&O 5s Mar 1953 opt 1943-M&S 6s 1965 Series D F&A 1.60 0.75 1.60 Saline Oo 4 Ha 102 to 2.30 Shreveport— 1 b 3Hs June 1 1943 3Hs June 1 1944 J&D 3Hs July 1 1945 J&J 3sApril! 1940-1957 b 0.50 2Hs 1940-1968 -J&D b 0.50 105 H 1.00 A&O 6s 1944. 58 July 1908 ^80 F&A 4 Ha Wat & Light 1944-J&J Topeka S D 4Hs Mar 1 '40-'46 Wichita 4Ha 1939-1946.J&D Sch Dist ref 4 Ha '39-48F&A Wyandotte County— 4Hs 1940-1945 J&J KENTUCKY Bridge Revenue Refunding— Project No 1 July 1 '50 J&J Project No 2 July 1 '50 J&J Project No 3 July 1 *50 J&J Project No 9 July 1955 J&J Project No 8 July 1 1945 ... Project No 10 July 1 *50 J&J Project No 11 1952 Project No 12 1947 105H b 2.40 Pentchartraln District— Kansas City 5s 1942 4Hs Water 1940-1947-J&J 6 0.40 Leavenworth Oo 5s 1945 McPherson 4Hs 1945 Reno Oo 5s 1941 to 2.60 b reg 4s relief 1939-53 3 Hs 1939-1951 3.30 Plaquemine Parish E Bank— 5s Oct 1952 Soldiers* Compensation Bonds 4 H», 1939-1952 J&J 6 0.20 4s. 1953-1954 J&J b 1.00 Orleans Parish Sch Board— 5s 1939-1944 J&D b 1.00 KANSAS 1.25 • % % M&S 4s Sub 1957 tax-ex A&O 4s Sub 1958 tax-ex J&J 4s Tun & Sub '59 tax-ex J&J 108 to b 1.00 4s July 11940-1952 4s Mar. 1 1942-1964—M&S b 2.50 Orleans District— to 1.40 0.50 106 b 1.00 Orleans Levee District— 3 Ha Ref 1939-1962—M&S 3 H« July 1 1953-1968 lesslH 1.40 lesslH 1.60 lesslH to 3.20 J&J 1 Hs Reg 1940-1959 Levee— 5s Dec 1952 opt 1942—J&D New Orleans—Public Belt— to 0.60 to 3.25 1.00 . 117 to 3.00 1.25 1.00 H% 1939-43 M&N15 b 0.10 Arlington 4s 39-*42(tax ex)J&J b 0.15 Beverley lHs 1940-1948.A&O b 0.15 Boston 4 Hs Sept 11981-M&S 4Hs Tun 1960 tax-ex__A&O 4Hs Dec 1976 J&D 4s Tunnel & Sub 1948 J&D 117H to 0.75 to 115H 115 to 0.60 Dee Moines 5a 1939-'57—J&J b 0.30 4Hs W W 193042—.J&D b 0.30 6a Gen Obllg 193040—J&J b 0.40 Dee Moines Ind S D— 4 Ha Sept 1 1945 1.60 M&S 107 H 115 113H 116 1 b 0.30 113 A&O to 2.50 b 0.60 106 117 % % % Is Pub Wks Feb 15 1940-1941 b 0.10 Hurricane & Flood Damage— • 107 115H to 0.75 less 105 5s 1959-1969 F&A 15 5s 1972 opt '62 Lafourche Basin Levee— 1.00 2s ^ 2.00 1940 J&J 1942 J&J 5s Oct 15,1962 op '52-A&0 5s Oct 15.1963 op'53A&015 1.75 % 2Hs Dec 1 1939-1947 J&D 5 0.10 2Hs reg July 1 1939-67 b 0.10 Metropolitan Water Loan— 112 J&J 5s 1950 opt 5s 1952 opt 5s 1956-1970Lake Borgne Dist to 1.75 to 2.15 1.50 3.10 3Hs gold July 1944 to 3.00 110 % 1.40 3s gold Water Jan 1 1941-J&J b 1.00 % % 2.20 MASSACHUSETTS 3Hs Water 1942 100 Bossier Dist Levee 5s '54-A&O % % 1.30 % to 2.20 1.70 4s 1939-52 (tax exempt) — Var 5 0.10 4s Water registd 1939-58.J&J 5 0.10 3Hs 1956 ref (tax-exem)_J&J 100 H b 3.00 98 to. 2.25 5s 1969.—— j 99 H to 2.10 Net 3.40 105 % IOWA 4s 1940-1963 4Hs 1940-1968 -_M&N Washington Sub San Dist— 3Hs Wat & Sewer '87.M&N 4Hs Sewer g 1973 J&J 3.00 to 4.00 2.00 M&S b Basis. to Ask Montgomery Co— to 2.85 6 1.00 South Bend School City w 107 Fifth District Levee— Indianapolis— 5 Ha Track Elev '40-*47-J&J 4s Fire Dep J'ne 1 '41 -J&J 4Hs 1940-1955 J&J Indianapolis S D— 4s Bldg Sept 1 1940—J&J 3Hs July I 1941 J&J So Bend 4H» W W '43.M&N 4Hs w 3.00 1.00 to 3.00 3Hs Refunding 1952 J&J 3 Hs Sewage Impt '80-A&O Oumber'd 4Hs W W *41-A&O Hagerstown— 5s Water 1939-1987—A&O 4Hs 1939-1987 A&O 103 Sept 1939-1972 M&S Baton Rouge—5s *40-'54 M&S to 2.75 Project 103 to 2.85 b 2.90 F&A 1942-1968 5s 4iOH 1942-1956—J&J30 b 1.50 4Hs 1.75 J&J b 1.50 V 1943-1955. ——J&J b 1.75 3.85s Gary Sch City 4Hs Oct 1943— Hammon (City)— Impt 102 105 Atchafalaya Levee Dist— 2.10 to 1.75 4H§ ser 1958-1960-J&J 3Hs ser V 1956-1961—J&J State Pension 5s June 1, 1948Capital Bldg 4Ha Aug 15, *52 Charity Hospital at N O— 101 to 102 b 3 Ha series S to 2.25 to 103 Bid Baltimore (Concluded) 4s Kegis'd stk 1940-57 M&N b 1.50 4s 1939-1944 A&O 5 0.25 4* 1950-1965 M&S 5 2.00 4s 1972-1975 M&S 3 Hs March 1945 M&S to 1.75 4s ser S 1941-1957 4s 1.50 b 1.00 4 Hs series D & E 1944-55— b 2.00 5s series F Mar 15,1945-48- b 2.40 5s series K July 1,1947-49— b 2.65 103 1.25 to F&A 1960 to 2.50 b 0.75 5 H« Bonds 1.25 b 0.75 To or Net " to 2.25 INDIANA Elkhart 4 H» WW '39-75 A&O b 1.00 Evansville 4sref 1942 J&J Fort Wayne 4H« '39-'57-A&0 b 0.75 Fort Wayne School Dist— 5s Oct 1 1939-1943 - to 3.00 0.50 1,1939,-1958— Refunding 2 Ha 1939-'41 F&A State Highway— 5s series A. B & O 1940-1943 4s Jan 1 1942-1956 3Hs Jan 1 1957-1961 3H8 series R 1941-60--J&J 3Hs ser Q 1943-1954—_J&J 3Hs ser Q 1955-1960.—J&J Long Term Bonds— s 1942-'56_F&A to 1.50 1.75 J&D 1964 River Forest S D No 90— 4Hs 1939-1944 J&D Rockford 8 D No 205— 2.10s 1944-1958 F&A Rock Island (City of)— F&A Bridge rev 4s 1964 Winnetka (Village) 2Hs Dec Ask Short Term Bonds— to 1.85 2.10 4s 1950 revenue Bid Yield Basis To or Bonds Net LOUISIANA Cook County— 4s 1950 opt 1940-1944 4s 1956 opt 1945-1947 4% Ask date of Issue Yield Basis Yield Basis Bonds 95 BONDS possible for the closing day of the month precede, Quotations for all securities are as near as michigan 5Hs July 15 1941 J&J 15 5Hs Oct 15 1941 A&O 15 58 Highway 1940 J&D 4Hs Highway 1943 F&a 4 Hs Highway Impt 1944 A&O 4s Highway Impt 1942..A&O 0.75 0.75 less 0.50 less y h less 1.15 less 1.25 less Vi y 1.00 less y $ STATE 96 Quotations fo£ all AND MUNICIPAL securities are as near as possible for b 1.10 to 2.10 b 2.00 to MISSOURI Ms Road 1948-1950 ...M&S 6 1.75 Ac. O 4Mb 1939 M 1.00 8 4 Ms 1943-1946 Ann Arbor— 1939-1948 J&J 3 Ms 1944-1946 Battle Greek—_ _ 4Ms 4 Ms 5Ms F&A to 1939-1951—-M&S 6 1.20 to 6 2.25 to 3.30 Dearborn— 4s Road 2.50 4s Nov 1 3.10 3 Ms 4 Ms 51- 56-A&O Detroit— ,, General 3 Ms callable 98 (Long) 100 4Ms 4 Ms5s non-callable. 6 3.00 lass lass less to 2.70 less 1.00 to less Refunding 3 Ms '57-'02 J&D Refunding 4s '39-*56—J&D 3.65 less 1.00 to 3.75 Railway— 3 Ms Oct 1939-59 General 3s Oct 1 1959-62— Water 2Ms Oct 1 1939-62— Refunding 2Mb 1951-63 J&J Refunding 3 Ms 1940-60 J&J % 1 1 % 1941-60-M&N Refdg 3 Ms 1961-62--M&N to 3.60 b 3.60 lass 6 0.90 to 2.80 6 3.55 less 6 1.50 to 3.60 6 2.10 to 6 3.75 less Refunding 4s to 5s (Mar 1 & Apr 1) '40-'50-FUnt Union School Dist—• M&S 6 2.00 to 6 1.25 to 2.10 3Ms Sept 1 1939-1940.M&S 3s Sept 1 1941-1945—M&S 6 2.00 Grand Rapids School Dist— 4 Ms 1939-1943 M&S 6 1.25 Highland Park— 3s % 1 to 4.00 1940-1954- 3s 1940-1957.—- 3.75 % b 2.00 Grand Rapids— % 1 6 2.00 1939-1954.M&S 15 % 1 3-80 % % 4.00 % to 3.00 % % „ 6 3.25 4Ms April 15 1957 5Ms May 1 1941 6 3.30 4Mb School Nov 1 1954—^ 6 2.00 Jackson 4 Ms 1940-47--A&016 to 2.60 less 1 2.40 less to less 6 2.00 to M&N 1939-1945 6 1.00 Lansing 4Ms 1939-1946—J&D 6 1.50 Muskegon 4Ms 1940-44--J&J 6 2.25 Muskegon S D 5s 1942—July 2 Ms 1951-56 2s 1954-58 less M Refund 4-4 Ms 1964 opt 1937 4Ms S hool June 1 1955 Port Huron 4 Ms 1942 Saginaw 4Ms 1939-1949--F&A 4Mb Sewer 1939-1951-J&D Wayne County— 99 4Ms Airport April 1 1948-_ less 1 6 2.25 less 1 6 1.00 to 2.75 6 1.00 to 6 1.50 to 6 3.10 less MINNESOTA 6 1.25 less 6 0.50 4Ms Dec 1 1939— J&D 6 1.60 2M trunk h'way *47-51—M&N less 1.85sRuralCredItctfsl941 2s Rural Credit ctfs 1942 less 3 Ms July 151943 J&J 6 0.90 6 1.00 M M to 1.90 less % M M J&J 1.00 1.00 to 2.30 4s A&O 6 1.00 5 Ms 1939-1940— Hennepin County— 6s Bridge 1940- M&N 1.00 less 1 -M&N 4Ms Sanitorium *39-'42 J&J 4 Ms Hospital '40-'41-M&N Minneapolis— 5s 1940,1943,1945.1946, 1947, *48, *49, *50—J&D 4Mb 1940-1952 .A&O 4 Ms 1940 ___A&0 4s 1944 A&O 3 Ms 1939-1941 M&N 2.60s 1940-1966 A&O 2MB 1940-1967 M&S 2.30s 1939-1947-——M&S 2Ms 1939-1958 M&N 2.20s 1942-1959 J&O 2s 1940-1946 A&O 1.90s Oct 1 1939-1946-A&0 0.90 less 1 6Ms Bridge 1940- 1.80s — 1,10 % to 1.10,% to 2.70 % 6 1.25 to 2.70 6 0.75 to 1.25 6 1.80 less 1 6 0.75 to 1.25 6 0.50 to 6 1.00 6 1.25 to 6 0.50 to to 1.80 6 0.50 to 2.40 6 0.75 6 0.75 to 1.75 6 3.00 less to 2.15 J&J J&J J&J 0.40 to 2.15 0.40 to 2.20 0.60 to 2.15 1.50 to 2.30 0.40 to 1.50 0.30 to 1.90 0.50 to 0.30 4Ms School 1940-1951.M&S 5 93 Cape May Co 5s 1940 M&S Delaware River Joint Com Phila-Camden Bridge— 4Mb 1939-1945 M&S 5 0.50 115 4Mb 1946-1973 M&S East Orange— 4 Ms 1939-1969 1.00 J&D to 1.80 0.30 % 1.70 % A&O 1.75 to 2.00 % 1.70 to 1.80 % 1.75 % 1.90 % less to 2.25 % A&O 0.50 to 3.00 J&D 0.50 to 2.60 to 2.50 % to 2.90 3.20 1 % 1.00 to 2.75 1.25 to 3.00 1.25 to 3.00 1.25 to 3.25 1.00 to 2.15 to 2.60 1.00 to 4.00 Sew '39-'60-J&J b 1.25 w to 3.00 % to 2.65 4Ms 1939-1959————J&J.6 0.50 % to 2.20 to 2.85 to 2.25 . 0.50 . 2.50 2.20 to 2.80 % to 2.10 % 82 5 0.75 2.00 to 2.10 to 3.60 to 3.20 to 3.50 to 4.65 to 3.25 to 3.00 5 0.50 to 2.85 5 0.75 to 2.15 b 1.00 to 2.90 to 4.10 5 \S°.15 5s 1939-1969 A&O b 1.50 4Mb School 1939-1958.J&D b 1.50 4Mb School 1945 J&J 4Ms Water 1961 A&O 4Mb 1939-1967 J&D b 1.50 2.65 % to 4.15 to 4.00 0.80 0.90 Refunding 1949 F&A July 1 1939-1953 Gen ref 3Ms '40-'54..F&A 3 Ms. 1939-1956 J&D KeansburgSMs 1940^59.M&N Kearney— 4Mb Water 1939-'70-J&D15 4Ms Sch impt '39-'52_J&D 4s to 2.10 to 1.80 to 1.65 % , 5Ms 1939-1970 J&D J&J 1939-1967 Mercer County— JERSEY bonds— Series B July 1939— series C Jan 1940 Series D July 1940— series E Jan 1941 , 0.30 0.40 to 3.90 3°90 to 3.90 1.75 to 98 1.50 to 3.75 3 Ms April 1941 3 Ms 1940 to 1967- % M %' 87 98 b 1.25 to 3.40 % b 1.25 to 3.10 % b 1.25 to 3.60 % to 2.35 % 80 3" 25 b 97 —J&D15 b 0.75 Middlesex I 3J35 1.50 Linden 2Mb 1939-1956—J&D b 1.00 Lodi 5s 1940-1947 -J&J b 90 Long Branch 5s 1943 .M&N Lyndhurst 3-5s 1940-57—J&J Maplewood (Township)— % 3.65 4s HAMPSHIRE % to A&O b 2.75 Jersey City— 5Ms 1942-1953 % 83 5 2.90 '59-M&N 2Ms Apr 1 1940-1959 Hunterdon County— 4 Ms Road & bldg *40-'46J&J Irvlngton 5s School 1963.J&D 4Mb 1939-1959 J&D 2.50 b 0.50 to 3.00 1.00 M&N15 — % % 99 Hamilton (Township)— 3Ms sewer 1939-1978—J&D 5 1.50 Hoboken 5s 1940-1954. J&J 5 2.50 Hudson County— 4s g Park 1954 & to 2.60 1.00 Hackensack4 Ms 1942 F&A 4Ms Imp 1940-1942—J&J 5 1.00 6s 1940-1954 F&A 5 1.50 3s 1939-1966 M&S 5 1.25 4Ms 1940-1978 to 3.00 5 J&J 4 Ms Bldg& Rd '39-'45 J&D20 I 1.80 F&A 4 Ms Mun Bldg 1939-70 F&A 5 1.00 Gloucester City— 4s to 2.50 3.00 to 2.90 4MB 1939-1966 J&D 5Ms Water 1940-1963-M&S Gloucester Co— to 1.50 North Platte Sch Dist— Bridge 4 Ms 4Ms 4Ms 4 Ms 3.65 to 80 M&S 15 5 0.75 Fairview 5s 1944 Glen Ridge— Nashua— l 3.85 to to Essex Fells (Boro)— 5s July 28 1939-1960 Douglas County— 5s Highway 1939-46—A&O 6 0.50 Holdrege S D 5s 1939-55-J&D 6 0.50 Lincoln School District— 4 M« 1940-1953——M&N 0.25 McCook Fund 5s '39-'43.F&A 6 0.50 NEW to 1.00 1940-1978 M&S 4Ms 1940-1957 A&O 5Ms Dec 1 1939-1946-J&D 6s 1940-1972 J&J Englewood 5s 1940-1944..A&O Essex County— 4 Ms 1940-1960 4s Hospital 1946 Great Falls— 3s H S 1940-1956 to 4.10 Elizabeth— M&N J&J to 4.15 1.00 5s Sewer 1940-1960 J&J 3 School 1939-1974—A&O % to 1.80 % 2Ms 4Ms Wat wks Dec 15'41 J&J 4Mb May 1 1956 M&N 5s 1948 J&D Omaha SD 4 Ms Mayl'55M&N York School District— to 3.15 Cape May— J&J 1939-1951 A&O 3Ms Bridge 1939-1956-F&A to 85 to 2.80 % 1.10 A&O to 3.75 % 1.00 to 2.00 b 0.50 to 2.30 % b 1.00 to 3.00 b 0.75 to 3.00 b 0.75 to b 0.50 to 2.25 b 1.25 to 2.25 b 1.25 to 3.50 6s 1940-1972 M&S b 1.50 fiMs Oct 15 *39 to'59 A&015 b 0.75 J&J b 0.75 to 3.90 5s 1939-1958 4 Ms 1939-1983 to 3.70 J&J b 1.50 6 1.50 to 3.40 % to 3.75 0.30 Middlesex County— 4Ms Road 1940-1944-F&A Imp 3s Nov 15 1939-1948— Monmouth County— 4Mb Mar 15 '40-'50-M&8 4Ms Rd & bdg '39-51F&A15 Montclair 4 Ms Sch 1941. A&O 4Mb High sch bldg *44. J&D 2 Ms May 16 1940-1970 Morris County— 4 Ms 1942 opt 1922 J&J 3 Ms 1939-1949 J&D15 Morristown— 4Mb 1939-1942 J&D 4s 1940-1969— M&N 6 1.50 to 0.30 Neptune 4 Ms 1940-1955-F&A 6 1.50 to to 0.30 0.40 TSTfli YLr fl TP lr 61.50 % 6 1.25 to 3.00 May 1 1940-1950 Impt 1953 J&J Flood 1939-1953—A&O Highway 1950-59—-F&A Biioxi 6Ms 1940-1943---A&O Callable bonds Non-callable bonds Greenville 5s fund '43-'50 F&A Jackson 5 Ms 1940-1954-A&O 4 Ms Jan 1 1940-1952 4 Ms 1939-1952 M&N Jones Co 5s 1940-1942—M&N Meridian 5s Dec 1 1939-.J&D 4Mb School House 1941 J&J Mississippi Levee District— 5s May 2 1944 M&N 5s July 11953 J&J VIcksburg— 6 1.25 6T.25" to to 3.05 97 98 6 2.50 % % % 99 M to 6 3.40 to 0.45 0.50 0.50 0.75 0.90 1.10 B of *27 July 1950— 1.85 0.50 4s ser Highway Extension— 4 Ms C of '20 Jan *53 opt *38 3.60 4 Ms D of '20 Jan *54 opt *39 3.60 % 4 Ms E of '20 July *54 opt *39 2.50 4Ms F of *20 Jan '55 opt '40 4M» A of '24 Jan *55 opt '40 2.50 4 Ms B of *24 July *5*opt *40 4 Ms O of *24 July '56 opt *41 3 00 % 4Msser B of '30 July '39-'e7 3.50 % 3 Ms ser C of '30 Nov '39-*69 ffso - Institutional 5s Pub Imp 1930-1948. F&A 61.50 Yazoo-Miss Delta Levee Dist5s 1939-1954 M&N 61.50 0.40 Soldiers Bonus 5s July 1941— 100 6 2.80 0.30 series O July 1939— 1940 1940 1941— 4M» series G July 1941— 4s series H July 1942 4s series I July 1943 4 Ms series A of *27 July 1944 3.25 3~ 2 5 0.50 4 Ms series D Jan 4 Ms series E July 4 Ms series F Jan to 3.25 % 6 2.80 0.45 Road Bonds— 4 Ms M&S 0.60 4s Impt to 3.00 1.75 0.75 0.40 0.40 0.50 0.30 to 2.25 0.30 to 2.10 % % Construction— to 3.25 % 3M* ser A July 1939-1906— 0.30 to 2.10 % 0.30 to 2.25 to 3.40 4 Ms series B July 1939-1967 4s series O April 1940-19692 Ms series D May 1939-1970 0.40 0.40 to 2.10 J&J on J&J 2.00 5Ms 1939-1961 F&A 1.00 4Ms Water '40 to '60-M&N 3.00 4Ms 1942-1969— J&J 4s 1945-1970 3.75 Camden Co— 4Ms 1939-1970J&J 5 1.50 5 3.00 4s 1944-1968 Manchester— 1 1.00 J Less M Camden— to 2.75 to 2.70 bonds— 4s opt '44, 1940-1953--J&J 6 1.00 Highway debentures— 1.00 4Mb Dec 31 1939-40 1.25 4 Ms Dec 31 1939 3.25 Daniels Co 5M8 1940 J&J 6s 1941 opt 1940 J&J MISSISSIPI • Basis. to 2.80 to 1.9b to 1.50 4Mb July 1949 to 4.75 2.50 2.60 0.9U 1 less - to 3.80 to 1.10 to 2.00 6 2.75 4Ms 4 Ms 4Ms 3 Ms J&D 5 1.50 2 Ms Sewer 1939-1956-M&N 4 Ms U S D 1939-1965-J&D Keene 4 Ms 1939-1942—-M&N b 1.00 to 2.15 6 0.50 July 1 1951--J&J SsGen'limpt 1940-62--J&J 4Mb Sewer July 1 1943-J&J 4 Ms 1940-1959 J&J 5 Ms Impt 1940-1946 to 2.60 Concord— to 2.00 5s School 1940-1961 2.60s 1939-1957- 0.40 Bridgeton (City)— 4 Ms 1939-1958 2.45 J&J 4Mb Highway 1939-1943.J&D 3 Ms Refunding 1942-1944 J&J lMs Highway 1941-1946 M&S to 2.00 4Mb W W 1940-1942.-A&O 6 0.75 4s to 2.50 to 2.60 0.40 NEW 2.40 2.00 6 0.50 July 1 1951---J&J to 2.75 0.40 M&S 4s July 1939-1948 to 1.50 1 Ms 1944-1948 Ramsey County 1M Mar 1 1940-1949--M&S 2 Ms 1939-1947 F&A 4Ms 1939-1950 F&A 4 Ms Rd & Bdge '40-'44M&N 4 Ms Rd & Bdge '39-'43 J&D to 2.40 to to 2.00 to 1.25 1.50 J&J A&O 4Mb 1940-1955 to 2.35 to 2.80 Bound Brook 4 Ms '39-'42 J&D to 2.75 6 0.50 6 0.40 to 3.00 0.75 to 2.95 to 2.75 0.75 0.75 2.75 2.75 0.40 Omaha— 6 1.00 to 3.75 to 2.75 . to 6 0.50 F&A 6 0.50 .F&A 6 1.60 1939-1943 St Paul— 6s school 0.80 0.75 to 2.00 5s Dec 15 1939-1955.J&D15 to 3.80 2.00 Dec 15 1939-60.J&D15 to 2.00 1.00 Beatrice S D 5s 1940-54—F&A 6 0.50 to 1.50 2.00 1.00 NEBRASKA to 2.60 1939-1946 J&J Duluth Ind School Dist— 4MB 1939-1947 3.25 to 4.00 to 3.75 1.00 1.65 Duluth— to 2.00 2Ms School 1940-1969.M&S Bogota 4Ms 1939-1946--J&D 0.40 4 Ms Wat & 87 to 3.90 Bloomfield4Ms 1939-69J&D15 MONTANA 1 71 59 to 3.00 to 3.05 Funding 2.50 to 0.90 to 0.70 0.40 0.40 0.40 _F&A 2.50 to _ to 0.60 2.50 IX®,Sc*1001 1939-1966-F&A 5 Mb 2.80 6 1.50 Covert roads Voted bonds 6 4.50 2.70 to 2.70 3.15 to Springfield 4Mb '40-'49—M&N University City— 4 Ms 1940-1943 M&N 4 Ms 1942-1949 J&J15 Pontlac— 97 to 0.40 4Ms 1940-1953 F&A 4Mb 1941-1948—„-M&N M&N 3s School 1940-1954—-F&A 2s Feb 1 1958-1959 F&A Public Bldg & Impt— 3 Ms 1950-55 2.60 to 2.10 0.40 4s 1940-1951 3.40 2.10 1.50 ™ 2.50 J&J F&A Belleville 5s 1939 & '44.M&N Belleville S D 5s '39-'44 M&N ex gen Co— 5Ms Dec 1 1939-1942-J&D St Louis— M to Bavonne 5s 1940-1949 4 Ms 1939-1955 to 2.60 to 0.70 (Boro)— 6s July 1 1940-1944 5 D 4Mb 1940-1955—-M&S to 2.60 0.50 J&J 2Ms 1945-1955 —J&J St Joseph 4Ms 1940-'45—M&S Refunding 4 Ms May 1 1951 St Joseph 8 D 4s 1940 l to Audubon to 0.60 57 Water 3-4 Ms Jan 1973 85 Atlantic County— 4 Ms Bridge 1940-1957-A&O 5 3.00 to 2.50 0.50 J&J 5s 1941 3 Ms 1941-1951— Jackson Union S D— 4MB 1954-1975 2Ms 1958-1975— 2 Ms 1956-1975 Kansas City S D— 4s 1941-1951—\ 4 Ms 1940-1950 4 Ms 1940-19501 4 Ms 1946 3.25 % 6 4.00 4Ms July 15 1955 % bo 0.50 to 0.50 to 2.50 0.40 Joplin (School District)— 4 Ms 1943-1948 Kansas City— 4 Ms Various May 9 '40-72 4Ms Jan & July 1942---J&J 4 Ms 1940-1955 A&O 4Ms Airport 1939-54--A&0 4s Airport 1939-1971—M&S 3 Ms 1939-1974 J&J 3 Ms 1940-1974F&A 3 Ms 1939-1955 A&O Emergency Relief— 2M-4Ms Jan 1973 to 2.40 0.50 J&J15 J&D 4Ms Road 1940-1952.-J&J 4Mb Court h'se *40-'52 J&J 2.70 % 6 1.00 0.40 J&J J&J 1939-1951 4 Ms 1939-1950 4 Ms 1949 General & Street 5s to 2.20 4Mb 1940-1950 1 3.60 Flint 4Mb J&J 6 1.00 1953-1957 Net b 0.40 to 1.10 Road 4s 1 1.00 2.70 Street railway 4Mb-------- 4s to 1.80 to 0.50 1 2.85 to 0.75 1.75 1 1 1951-1961 1 1939-1950 1 1948-1950 July 1 1939-1947 0.25 0.25 1 3 Ms Oct 3 Ms Oct 3 Ms Oct 1948-1952 Road 1939-1942. 1.70 0.25 100 M 1 less 4MB 6 3.00 4M» ------Refunding Water series D— to 1.85 to J&D less 6 2.95 Water 4s J&J 1.70 Ret 3s 1943-1956 Jackson County— 100 M 100 M b 3.90 to 1.85 Buchanan County— 99 100 M 99M 4s to 1.50 1.70 ^ 3s Building 1939-1941 J&J 3s 8tate Bldg 1940-1944 .F&A 3s ~ 4Ms Sewer *46- 1.50 1.00 1.10 .- 1948-1952.- Ask b 0.40 May 1940 to 1941 b 0.40 4Mb Nov 1939 to 1941 b 0.40 3Ms Mar 1940 to 1942 b 0.40 3M8 May 1940 to 1942 b 0.40 2M Jan 1940 to 1943 Ed Aid 4 Mk ser A Jan 1940-42 b 0.40 Asbury Park (City)— 69 Refunding 4s 1966 Atlantic City— 3 Ms Jan 1940-1941 1 85 5s to To or Bid Bonds Net N. J. to O S 1944-1948 Ask &N 4s 1943-1947 to 2.00 6 1.50 1939-40--MAN 1940-1949 w w 4 2.10 6 1.25 Sewer Battle Greek S D— Bid Bonds Net Ask To or To or W W ref 4 Ms Yield Basis Yield Basis Yield. Basis Bid Bonds BONDS the closing day of the month preceding the date of issue .40 bid side. / Flat price. n Nominal. to 2.20 F&A b % % f?25 2.00 2.60 % 0.75 b 1.00 % % 4%75 % % % 3.70 % to 3.80 to 80 4Mb School Dec 1 *46--J&D 3.40 4s Sch house 1959 opt 1949 3.40 4s Pas Val sew'01 op <61 J&D 4s 1939-1970 J&D b 1.00 to 3.60 3 Ms Track elev 1954-F&A 3 Ms 1940-1966 M&N b 0.75 to 99 t 2Ms Jan 15 1940-1976--J&J b 1.00 to 3.35 % & - Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Ask 4s due Jan 4Mb 1939-1957 f&A 5 1.25 4Ms Sch & wat '39-'69-J&D b 1.25 4MB 1939-1967 J&D b 1.25 North Arlington (Borough) to 3.40 '40-'49...M&S 5 0.25 5 0.25 Newburgh— 4s Wat Impt 1942-1963.J&J 4Mb Wat Impt 1939-41.J&J New Rochelle— 5s 1940 1950 M&N 2.00 to 1.60 4s Bldg constr 15 1940-1955 A&O 3Ms Mar 15 '40-'81--M&S 15 80 81M North Bergen ref 4s-4Ms 3Ms Mar 15 '40-'81--M&S 15 Nutley (School District)— 3s g Canal Jan 1 1956 J&J 4Mb 1940-1942 F&A b 1.00 to 2.25 % 3s g Canal July 1 1958 —J&J 4 Ms 1943-1967 F&A b 2.35 to 3.15 % 1.00 3s g Canal Jan 1 1959 J&J 6Ms Nov 15 1939 M&N 3s Canal 1957-1959 J&J Ocean Oity5s 1944 F&A 101 3s Mar 25 1940-1987....M&S 98 4 Ms Impt May 15 1940-'56_ 5100 lMs 1940-79. A&O Ocean Co 4 Ms 1939-'50.J&D b 2.00 to 3.85 % Eliminat'n of Grade Crossings Orange— 2Ms Dec 8 1940-1987-J&D 4Mb Sewer 1939-1964_A&0 b 1.25 to 3.50 % Unemployment Relief— Passaic— 2 Ms July 6 1939-1947.-J&J 1.50 4Ms 1940 M&S General State Improvement— 5Ms General improvement 2Ms July 6 1939-1962—J&J 1.00 to 3.65 % 1939-1951 J&D 1 Ms Sept 10 '39-46.M&S 10 5s Impt 1940-1948 1.00 to 3.40 M&N 2°85 Emerg Unemploym't Relief— 4Ms Refunding 1944--M&N 2 Ms Sept 25 *39-'43—.M&S 4 Ms Water 1939-1970-- J& J b 1.00 to 2". 90 % 2Ms Sept 25 '44-'45. ..M&S Passaic County— 1 Ms Sept 10 1944-1946 4 Ms 1939-1946 1.00 to 2.25 ■% J&J Albany County— 1.00 to 3.00 % 4Ms 1939-1968 J&D Po fnfBAn 4Ms I960-M&S b 1.00 to 3.85 3Ms Fund 1940-1941. M&N 2 Ms refunding 1940-'57-J&J 4Hs Feb 1 1945 F&A Albany (City or)— 4MB 1939-1967 A&O b 1.00 to 3.65 % 4M 1940-1969 M&N Perth Amboy— 4M 1939-1970 J&D 97 4Mb April 1944 4s Munic & Sch '40-'63_J&J 4Mb Water 1940-64—M&S2 b 4.50 to 95 3M 1939-1971 -J&D 5b Feb 1940-1977 F&A b 4.50 to 97 2 Ms 1939-1945 to 94 M&N 4 Msrefdg 1944 & *46-F&A b 96 2.75 2Ms 1945-1953 M&S Plainfield 4s School 1959 M&N 2Ms 1940-1978 -M&S 4Mb 1939-1962 Various.J&J b 1.00 to 2.85 % 1939-1955 M&N Rahway— 4s Apr 83 - 5 0.25 5 0.25 123 M 123M 123 M 2.00 to 1.85 to 2.15 125 125 125 June 1965 J&D 1963 M&S May, 1957 M&N Nov 1957 ..M&N Dec 1, 1979 J&D Corp stock 1967. .J&J Corp stk 1971 _.J&D 15 July 1,1939 to 1955 Jan 1, 1977 J&J I960 M&S Mar 1, 1962 M&S Mar 1. 1964 M&S April 1,1966 A&O Apr 15,1972...A&015 Rap Tr & Wat '74 J&D Feb 15, *41-'66.F&A15 Feb 15,1976...F&A15 Nov 15,1978..M&N15 Mar 1, 1981 M&S 4s Oct 1,1980 .A&O 4s May, 1977 M&N 4Mb 4Ms 4Ms 4Ms 4Ms 4M8 4Ms 4Ms 4Mb 4Ms 4Mb 4Ms 4Ms 4Ms 4M« 4Ms 4Ms 4Ms 4Ms 125 to 2.10 5 0.20 to 2.00 5 0.15 5 0.15 to 1.85 to 1.35 to 1.90 5 0.15 to 1.25 5 0.20 to 0.95 5 1.05 to 1.15 5 1.05 to 1.25 2.50 2.30 0.40 to 0.80 0.*0 to 2.10 . 5M^1939-1959—M&N 3%00 1.25 to 3.30 1.50 4MB 1939-1953 J&D Ramsey 5s Water 1939-1940— to 2.00 % % b 0.75 to 2.60 % b 1.00 4MB 1939-1953 M&N Ridgewood 4Ms 1940-62.M&N 5Ms 1939 -J&J 4 Ms 1940-1968 M&N Sea Isle City 5s 1942. F&A Somerset County— 4 Ms 1939-1949 J&D 4KB 1939-1952 J&J South Jersey Port District— to 3.00 & .00 6 "1.00 to 2.55 % b 0.75 to 2.40 % b 0.75 to 2.60 % I to 99 0.30 to 2.00 0.30 to 1.60 Binghamton— J&D 15 2.50 to 0.50 to 2.70 2.90 2.65 0.30 to 2.65 0.40 to 2.40 1939-46.A&0 0.40 to 2.10 0.30 to 1.90 to 2.30 2MS Oct 15 1939-56.-A&O to 2.00 1950-1965 J&J 1.00 1.00 to 3.00 1.00 to 3.15 0.40 to 2.25 2.75 to 2.50 0.30 to 2.20 0.40 to 2.10 0.40 to 1.50 1.75 to 2.10 F&A 5 0.40 to 2.50 5 1.25 to 3.20 5 1.25 to 3.20 b 1.00 to 2.85 Delaware Co 4.20s *40-'52A&0 Dutchess Co— 4s 1940-1946... M&S 4s 1947-1954 M&S 5 0.50 to 99 East 5 1.75 to 5 0.75 to 2.40 5 0.75 to 2.10 3.75 to 3.25 4.00 1940-1958 Elmira— Union Township Sch Dist— 4Mb 1939-1968 J&J 5 2.50 Ventnor City refunding 4-5 M« 91 Vineland (Boro)— 5 Ms 1940-1950 M&S 6 1.50 to 2.60 to 4.50 to 3.35 Weehawken— 3 Ms 1941-1951 opt *40. A&O 100 M 3 Ms 1940-1979 J&J 6 1.50 to 3*65 Westfield— to 3.10 6s June 15 1939-1960-J&D 4Msl940-1966 A&O West New York— 4Mb Oct 1 1939-1968..A&O 5 2 50 6- School 1910-1961..M&N 5 2.75 West Orange 5 1.25 to 2.90 4Ms Water 1939-1945.A&0 5 Erie County— 4Ms 1940-1959.-.—. J&D 4s 1945-1953 M&S 2.90 March 1. 1940-1947.. Essex Co 4s 1939-1956—M&S Freeport— 4.20s 1939-1945 M&N 4.20s sewer 1946-1960.M&N 4Ms 1940-1951 *M&N 4.40s 1940-1950 M&N Garden City 4Ms 1939-52.J&J,5 Greenburgh (T)— I 4s 1939-1951 J&J 5 to 4.50 to to 4.75 3.00 4.40s 5 2.00 1.00 1.00 100 J&J 2 25 2.50 101 1944-45.M&S 5 2.75 2.25 2Ms 1946-1951 ...J&D 2Ms H'way debs 1951-52.A&0 2 Ms H'^ay debs 1953-54. A&O Albuquerque 5s Water Works 1962-J&D 4Ms 1939-1950 J&J 4 Ms 1939-1950 J&J Middle Rio Grande Conser 5 2.25 to 2.50 5100 M to 5 100 2.85 to 2.60 114 120 5 1.00 to 3.25 5 1.00 to 3.50 5jis 1939-1973.-f&A 62 66 '21.A&0 96 100 1939-1965. 1940-1967 to 2.65 to 2.30 0.30 to 2.25 0.25 to 1.60 1.75 to to 2.00 0.25 to 2.00 0.25 to 2.10 1.00 to 2.85 J&D 1.00 to 3.10 M&N 0.25 to 2.35 0.50 to 2.65 0.50 J&J 2.80 5s Jan & Mar 1946-1970 M&S 4Mb Canal 1965 M&S J&J 4Ms Bonus 1940 1949--.A&0 4 Ms Highway 1965 4 Ms Bar<e Canal 1945 4s Canal Term 1942 120M 121M 121 122 122 M 123M 1.00 123 M 124M 125M 119M 118M J&J 111 111M 114M 114M M&N May 1959 serial 1939-1963 115 J&J 5 0.40 113 116 to 3.15 2.90 2.95 3.00. 3.05 108 M 109 109 M 109 M 107 M 106 M 107 M 108M 109M 109 110 108M „ 2.90 -M&N 5 3.00 _ 0.40 to 1.50 to 2.10 0.40 to to 2.90 0.25 to Ossining4Ms 1939-1942.M&S 0.25 to % 2.65 % 2.65 % to 2.30 % to 1.65 3.70s , %: % 2.60 % to 4Mb 1940-1954 J&J 5 0.20 Jamestown— 4s Mar 20 1943 A&O 0.50 Lackawanna 4Mb '39-'54M&N 2.20 2.20 1.80 to 0.25 to 0.50 to 1.25 0.40 4Ms Water 194O-1909.A&O 0.40 Oswego 5Ms 1940-1946—M&N Oyster Bay Water Dist— 4s 1939-1950 J&J b 0.40 Pelham (T) Un Fr Sch Dist 5 to 2.75 to 1.50 to 2.30 1.70 to 1.90 5 0.40 4s School 1939-'59 M&S 5 0.40 Port Jervis 4Mb 1940-'69.J&J 5 0.50 to 2.00 No 1 4.60s 1944-1966 to 2.60 % 2.25 % 0.75 U60 2.00 0.25 Poughkeepsie 4Mb '39-52 J&D Port of N Y to 2.25 to 3.00 Authority— to 2.90 Gen & ref 4s May 1, 1975— Gen & ref 3Ms Dec 1. 1965. 108 M 106 M 109M 1.25 to 1.85 Gen & ref 3 105M 106 M % Gen & ref 3 Ms Aug 15 1977 Gen & ref 3s Dec 151976... 105 105M 102 M % 95 93 Ms May 1. 1976 102 107 George Washington Bridge- 97 94 M „ 4 Ms Ser B '40 to '53.M&N 106 M 107 M Inland Terminal 5 0.75 to 4M 4 M 3.20 Mamaroneck UnFSD No 1— 0.75 1.00 to 1.00 to 0.50 to 3.00 sser D 1940-1941.M&S D 1942-1960-M&S 110 to 1.80 % 111 Holland Tunnel— 3.10 to 3.20 0.20 sser 5 0.40 4Ms 4Ms ser ser E '40-'41_._M&S 5 0.35 110M E '42-'60—-M&S to 1.35 Mon F&A 0.25 to 1.35 to 2.30 3.90s Co Bldg '40-'50..F&A lMs Jan 15 1940-1942.J&J Mount Vernon— 0.35 to 2.00 to 1.00 0.25 to 0.25 to 0.50 to 0.60 % 111M Rensselaer County— 0.25 2.10 2 15 2.10 5 2.15 2.10 5 1.35 5 0.25 0.90 4s High Imp Mar I960-- M&S 5 2.10 4s Canal Imp July 1960--J&J 2.10 4s Canal Imp Jan 1961 J&J 5 2.10 4s Canal Imp July 1961..J&J 2.10 4s Highw Imp Mar 1961 M&S b 2.10 4s Palisade Park 1961 M&S 5 2.10 4s Canal Jan 1962 _J&J 5 2.10 ... % 115M 115M 5 1.45 5 2.15 4s Canal Term Jan 1946.. J&J 5 1.45 4s g High Imp Mar 1958.M&S 5 2.00 4s g High Imp Sept 1958.M&S 5 2.00 M&S 123 M 124 M to 3.20 124M 125 M 126M 120 M 119M 112M Putnam Co 4Mb *40-'51_A&0 5 0.50 4s 1940-1954 F&A 5 0.50 J&J 5 2.20 J&J 5 2.15 4Ms Canal 1964. 120 120 M 121 to 0.30 J&J 3.05 % 125 119M Oneida 4o Water '40-'45..J&J % to 2.00 4Ms 1939-1964 128 to 124 to to 6s 1947 Beach acquisition.. Mamaroneck (Town) 5 0.30 0.40 0.30 5%s 1953 126M 127 0.25 0.25 1940 131 125M 0.25 J&J Long Beach 4s 130 1940-1951 A&O Ref 1.90s 1940-1957—.F&A 2.10s Feb 1 1940-1968 1.70s 1939-1968 J&D Ontario Co 4s 1940-1951-M&N Huntington (T) 4s '40-*52_J&J Islip 4s 1940-1951 M&S Ithaca 4Mb Water 1942—J&J 1939-1965 125M 122M 122M Onondaga Co, 4 Ms '39-47A&0 Hempstead Un F 8 D No 1 6s 1940-1954 M&S 5 0.25 Hornell 4Ms 1939-1947--F&A 5 0.20 Hudson Riv Regulating Dist— 4Ms 1939-1965. J&J 0.25 4.70s 126 124 M 121M 121M 0.25 5s Jan & Mar 1 1940-1945 4s Highw Imp Mar 1962 4s due Sept 1 1965 to 2.70 2.20 0.40 5Ms May 1 1940-1952.M&N 3.90s 1940-1964 J&J Middleport 4.35s *39-'42_ J&D MIneoJa (V) 4.40s 1939-68 J&J YORK 4Ms Highway 1963 to 1.25 0.40 0.25 Harrison (T)— 4Mb 1940-1980 F&A nempstead (T)4 Ms'40-59 A&O Hempstead 4Ms 1939-65 M&S 2.30s 5Ms Highway 1940 J&J 5 2.00 99 4Ms Dec 16 1952 opt '22.J&D 3Ms H'w'y deb *46-'47.-M&N 5 2.75 3Ms H'w'y deb '48-'49..M&N 5 3.00 3s Jan 1 & July 1 1949-1952. 99 0.25 Greenburgh U S Sch Dist No 9 Groton 6s Wat '40-'50 MEXICO Highway 1940 to 2.25 Chester— 4Ms 125 104M 105 M 3Ms Aug 1 1939-1978-F&A 5 0.25 tol02U 3Ms serial 1940-1979—F&A 5 0.40 tol02U 3s Rap Trans 1947-51..F&A 5 2.25 to 2.75 101M 38 corp stock Jan 1 1977 J&J 101 3s Serial 1939-1968-.. J&J b 0.40 to99M 3sserial 1940-1969 M&N 5 0.40 to 3.00 3s serial 1939-1973——J&D 5 0.40 to 2.70 101 101M 3s corp stock Feb 1 1979 2Ms 1939-1953 .T&D 5 0.40 to 2.65 0,40 to 2.90 2 Ms 1940-1979 M&N 0.40 to 2.00 2 Ms Serial 1940-1946-F&A 0.40 to 1.60 2 Ms assessm't 1940-44.J&D Parkway Authority— 0-90 to 2.70 3M% Rev 1940-'53.A&0 108M 3 M % s f Rev 1968—A&O 109M Niagara Falls— 0.70 to 1.70 % 5 Ms 1941-1948 M&N 2.20 to 2.30 % 4.15s Sewer 1965-70..M&N 0.30 to 1.80 4.10% Sewer 1940-1950.J&J 0.70 to 1.70 4 Ms Wat May 1 '41-48M&N 0.20 to 1.60 4Mb Sew '40-'46 reg__M&N 3.95 Nov 1 1901-197O-M&N 5 2.20 to 2.30 5 0.80 to 1.50 3 Ms 1942-1945. M&N 0.40 to 1.90 2s Mar 1 1940-1949 Niagara Falls S D— 4Ms 1939-1960 F&A 5 0.20 to 2.15 No Hempstead S D No 7— 0.50 to 1.30 4 Ms 1939-1942 .J&D 1.00 to 2.40 2.40s 1941-1967 M&N North Tarrytown— 0.50 to 2.70 4Ms Water 1939-64—A&O 2.00 to 3.00 4Mb 1947-1972 J&J to 3.05 J&D 3Msser F 1940-64..M&N Columbia County— 4Mb 1940-1959 -A&O Corning 5Ms 1960 M&S Cortland Co 4Mb '39-'51.J&J 3 Ms 1940-1964 to 3.35 M&N 3 Ms Corp stock July 1, '75 to 2.00 5 1.50 5 1.25 1957-M&N 1950-53 to 2.05 to 2.60 5 2.40 1940-1959 A&O 0.40 J&J 5 0.75 5 1.50 to 2.60 0.40 J&J 5 0.40 8ewer Authority— 4s 1940-1964 to 2.85 1956 Various 3Msg exempt 1952 M&N 3 Ms g exempt 1953 M&N 3Ms g exempt 1954. —M&N 3 Ms g Water ex 1954. M&N 3 Ms exempt 1955 M&N 3 Ms stock Apr 1,1954. A&O 3 Ms Corp stock Mar 1, 1960 3 Ms Corp stock Jan 15,1976 3MS reS Corporate stock I to 2.70 M&N A&O J&D 4s 1939-1958 J&J 3.40s Nov 15 '39-'55—M&N 0.60 1939-1967 48 June 15 1960 4 Ms 2.20s Jan 15 1940-1947-J&J 6Ms 1940-1951 A&O 5s School 1940-1955—A&O 4Hs 1940-1966 F&A 4 Ms 1940-1960 F&A 2 Ms gen fd & ref *40-68 F&A 2 Hs 1940-1954 ..M&N Union City 4Mb 1939-*64.J&D Union Comity— 4Mb Oct 15 1939-1952 4 Ms Rd&Bdge '40-'47.F&A 4s Oct 1 1942 A&O 2.80s Gen Impt B June 1 b Basis 1939-1971._var. 2s Mar 1 1940*1956 Buffalo— 2.10s 1940-1949 2s 1940-1959 b 0.75 b 0.75 3.10 2.10 110M 111M 3 Ms Corp stock July 1 '75— 3 Ms Corp stock 1939-1954. 5 0.40 to 2.95 1.10 0.90 3 Ms g exempt 1941 M&N 1.30 1.10 3 Ms exempt 1942 M&N 2.60 to 2.75 3 Ms R T 1948-1950—M&N to 2.80 to 2.90 to 48 to 2.60 Oct 15 to 3.00 0.50 4s to 1.60 3.10s to 0.50 to 2.15 0.25 1 to 2.65 to 1.85 1.85 to 1.90 0.30 4Ms Oct 0.50 0.50 to 1.90 M&N 4s 1939-1972 to 2.25 0.40 to 3.20 Trenton— NEW 1.45 M&N M&N 4s Nov 1955 Net to 1.00 0.30 0.75 J&J'b 1941 F&A Imp & sch *39-'60-J&D Sussex Co 4Mb'39-'44 M&S 4s Impt 1940-1955--_M&N Tenafly 4Mb 1940-1963-F&A Socorro Co 5s 1941 op to 1.30 0.40 4 mb Dist 0.30 4s Various May 4s Nov 1958 to 1.90 4Ms School H way deb to 2.20 Albany Port District— 5Ms 1944 Summit— 2Ms 4s 0.30 M&S'b 1.00 J&D b 0.75 J&D b 0.75 4MB 1939-1969 4 Ms 1939-1968 6s to 2.25 to 2.20 5s 1940-1950 75 A&Oft 2.50 4 Ms 1939-1973 South Orange— 4s 1939 to 1944 6s 1940-1962 NEW 0.30 2.60% Relief 1939-15—J&J Terminal— Gen ref 3 Ms to 2.30 1.00 — 0.35 Auburn 1.60s 1939-1958.F&A Red Bank (Borough)— Marine 0.40 Ask 0.50 M&N M&N .M&N M&N 4Mb 1940-1944. 4Mb 1945-1965 4 Ms 1940-1963 2Ms 1939-1947New York City—■ to 2.20 123M 5 0.25 5 0.20 Bid Bonds 2.00 Canal Imp Jan 4s To or Net 2.00 5 2.10 1 1966 1967--J&J 5 2.10 48 to 3.40 78 Refunding 4s Ask Highw Imp Mar '67 M&S 5 2.10 4s Palisades Park 1967—M&S 5 2.10 3.30 to Bid Bonda Net New Brunswick— To or To or Bid Yield Basis Yield Basis Yield Basis Bonds 97 AND MUNICIPAL BONDS STATE June, 1939] 5 2.10 5 2.10 1.25 to 1.60 0.75 1.35 1.90 1.90 oe Co 4s 1940-44 4Ms 1940-1943 A&O 5Ms 1940-1941 A&O 4Mb School 1962-73.-M&N 4s Sewerage 1950-55.-M&N 2Mb 1939 to 1956 M&S 3s 1939 to 1946 M&S Nassau County— 5s 1940-1943- 2.00 4Ms 1940-1944 2.00 4s 1939-1947 4Mb Highway 1939-58.F&A Rochester .275 to 2.35 to 2.50 0.25 to 2.60 3.00 0.25 to 2.00 M&N A&O 0.50 to 1.35 1.00 to J&D 0.50 to 2.20 5s '40-'62 _F&A 4Ms Pub Imp '39-'58_F&A 4Ms 1940-1959 M&S 4s Imp Sch &c '40-'47.J&J 2 Ms 1940-1957 M&S 1 Ms 1939-1940 A&O 1.70s 1940-1948 F&A 1.25 to 2.40 to to 2.20 0.30 to 2.00 0.30 to 0.30 to 1.60 0.25 to 0.25 to 0.50 0.40 to 2.55 5 0.40 to 1.50 Rockville Centre (V)— 4.15s 1939-1952 .J&D 0.50 to 2.40 „ 1.75 4Ms 1939-1945 M&S 354s 1944-1961 3s July 1 1940-1964 J&J 1.75 to 2.90 Rome 4.10s 1939-1950—M&N 0.50 to J&J 1.00 to 2.80 l&A 1.00 to 2.00 2.00 2.00 3.40s July 1 1941-1945.J&J 254s 1946-1956 1940-1957 ..F&A 2.40s May 1 1940-48—M&N 1.20 to 1.85 1.75 to 2.80 1.00 to 2.75 0.50 to 2.00 0.50 1.80s 1939-1945 M&N Rye & Har'son Un Fr S D No 6 4.40sl939-1953 F&A 5 0.50 Saratoga Co 5b 1940 F&A 4 Ms 1939-1955.—M&S 5 0.35 4b Sept 1 1945-1954—-M&S(5 0.75 to 3s 2 Ms % 2.00 % Rockland Co— 2.00 2.00 2.00 2.00 % % 2.00 % % to 1.60 % 2.00 1940-1950 2.40 0.50 0.30 to % % 2.25 % 1.60 % 2.75 % 0.50 to 2.25 to 2.25 % % Flat price. \ STATE 98 Quotations for all securities are AND MUNICIPAL Yield Basis Scarsdale 4Mb 1940-45—J&D b 0.25 Ask to 1.75 0.25 to 2.25 High Point 4Mb 1940-48.J&J b 99 5s Wat Serv 1939-1968 J&D b 100 Iredell Co 5s Aug 1 *42_F&A 3.75 0.40 to 1.50 0.40 J&D 4.15s 1940-1960 A&O 4s Oct 15 1939-1944-A&O 1939-1948 1939-1955 .-A&O to 2.00 1.80s to 1.75 4 Ms 1940-1950 0.40 to 2.00 M&S 1939-1950 0.35 to 1.80 1.00 M&N 1.50 A&O Lincoln Co— 6s Bridge 1940-1951 -M&S 2.20s 1939-1950 Ask Solvay 4Mb 1939-1940—-F&A 1.50 to 2.00 Newark 4£ 1941—A&O Ms 1940-] 1.00 to 1.75 % to 95 Portsmout th Cit; J&J 6 1.50 to 3.00 % M&N to M&N b 2.85 2.75 M&S b 3.00 to 3.50 to 2.00 5s Fund June 1959 J&J b 3.75 3.65 b to 1.50 b to 3.00 to to 2.25 0.40 to 0.50 0.40 0.50 to 2.20 M&S M&N J&D15 F&A 0.50 0.50 0.50 to 3.00 2.10 to 2.00 to 2.00 2.60 to 1.75 to 2.50 0.40 to 1.90 J&J15 0.25 0.25 to 2.40 1940-1957 M&S M&S 2.10% Aug 15 1946-1947.— 1Mb 1939-1948 F&A 1MB 1940-1946— M&S Thousand Isl'dse See "Watert Ticonderoga S D No 5— 4 Ms July 1939-1958 J&J Tonawanda (City of>— 3 Ms sewage 1940-69—J&J 4MB 1940-1942 J&J 4Mb Sewer 1939-1953—J&J 5s Water 1939-1950—J&J 6 Mb Water 1939-1950—J&J 0.50 0.50 to 2.20 1.60 to 1.70 0.30 to 1.70 0.50 to 1.50 3s 1939-1946 1939-1951 1939-1971 2.20% 2s 1940-1956 to 2.00 own" b 1.00 to 3.00 b 1.25 to 3.90 b 2.00 to 4.00 1939-1958——M&N Triborough Bridge— b 1.00 M&N 6 3.10 M&N 6 3.25 A&O 6 3.10 to 3.25 to 3.35 to 3.20 s f revenue 1977 A&O 111M 4s serial revenue 1942-'68— b 1.40 to 3.30 4s Uo2¥ 6 1.00 to 3.35 F&A 6 3.40 Rutherford Co 5s '39-'52__J&J 6 98 to 3.60 F&A Salisbury 6s 1940-1941—M&N 6101 Transylvania County Refunding 1M% 1939-1942 2% 1943-47, 2M% '48-'52 3% 1953-57 and 4% 1958 1972 b 0.50 to 1.00 6 0.60 5 0.50 to 2.30 Winston-Salem— 5s Sept 1939-1947.-.-M&S 38 b 0.40 to 2.50 0.30 0.50 0.30 0.30 0.50 0.30 to 1.60 3 Ms May 15 *40-*51—M&N Revenue 2.75s 1940-66 A&O to 2.60 2.85 0.80 to 2.60 Rev 2.60s 1967-1969-A&0 6100to 1.40s 1940-1969 J&D 6 0.15 to Warren Co 4Mb 1940-'50_F&A 6 0.50 to 2.30 5 Ms highway 1940-'53_F&A 6 0.60 to 2.60 Warsaw Union Fr S D No 10— 4Mb 1939-1942 Oct 6 1.00 to 2.60 19.85 Water town— 4 Ms 1939-1953 5s 1939-1945 1.60s 1939-1946 Thousand Islands— 4 Ms San Sew *40-'82—J&J 6 0.75 6 0.75 to 2.90 to 3.10 4Mb Parkway 1962-86-J&D 6 2.80 4 Ms Co Bldg 1940-44-A&O 6 0.75 toj3.20 4MB *44. '45. *56 & '69 J&D b 4s Co Bldg 1940-59—-M&S 6 4s June 1 1959-1964—J&D 6 3 Ms 1940-1951 J&D b 3 Ms 1952-1980 J&D b 3 Ms 1940-1951 J&D b 3 Ms 1952-1963 J&D b 2s 1939-1951 J&J 6 1.50 to 2.90 0.75 to 2.80 2.65 to 2.90 to 1.40 Sewage Dis 1940-65-M&N A&O 2.50 3.00 1.50 2.50 5 Mb 1940 1951 J&J 5s Water 1939-1953—A&O - 5s Sewer 1953 M&S 6s Water 1944-1959—A&O 6 2.03 Canton School Dist— 5s 1954 A&O 4Mb Dec 5 1939-1942—J&D 6 7.25 4.40s 1956 to 3.25 to 4.30 to 3.30 to 3.80 % % % % % to 4.00 to 4.00 to % 2.25 3.65 to 2.00 ro 2.60 to 300 % 2.60 to 2.00 % 2.60 1.25 to 2.10 % 2.25 1.0) 4Mb July 1943— 4Mb Sewer 1955 4s 1939-1956 M&S 3 Ms Sept 1 1939-1962 2Mb Sept 1 1939 to 1956— 2Mb Sept 1 1939 to 1976— 2s Sept 1 1939-63 M&S 1 Ms Wat. wks. *40-79 M&S Cincinnati (School Dist)— 3 Ms 1940 opt 1912—A&O 1.90 1.00 to 1.90 1.00 to 2.00 1.00 to 1.00 to 2.10 % 1.85 % 1.00 to 2.00 0.40 to]2.10 100 % I 1.50 to 3.40 to 3.10 % % 2.30 to 2.90 0.35 to 2.00 to 3 .00 A&O 1.00 1.00 1.00 to 3.40 to 3.60 Columbus— to 3.20 6s 1940-1957 1940-1958 F&A 1.00 3 Ms 1943-61 J&D 6 2.20 b 1.25 3.30s April 1 1940-1956 3.10s Oct 1 1939-1964 5 1.00 to 3.20 4Mb 1940-1953. 4 Ms 1939-1955 s-a M&S F&A F&A 2Mb 1940-1959- F&A 2.80s 1940-1959— M&N 6 0,70 2Mb gen & ref July 1 *43-*46 b 2.00 to 2.90 Columbus S D— 5s 1943-1952 to 2.50 Cuyahoga County- 4a to 3.50 to 3.00 to 3.20 6s 1939 NORTH CAROLINA 5s July 1961 4Mb 1940-1962 4Mb 1940-1968 4s 1940-1968 3 Ms 1940-45 2Mb 1946-47-48 2Mb 1940-1948 2b 1948-1949 4Mb 1939-1944 to 2.40 A&O 6 0.75 6 0.75 b 1.65 6 0.75 J&J 6102M to A&O A&O J&J to 2.50 to 2.70 2.50 to 1.85 to 1.80 to 101M 35M 37 35M 36M Charlotte— 1939-1948 4Mb 1940-1970 (81940-1979 is 1940-1959 M&N M&N to 3.00 % 1.50 to 3.00 1.50 1.50 to 2.90 1.50 6 2.25 6 0.75 6 0.75 to 2.40 M&N 6 0.75 to 2.95 to 2.90 % to 2.90 to 2.80 6 1.50 6 1.50 to 2.75 6 1.50 to to 3.00 2.70 6 1.00 to 3.25 1.00 1.00 to 2.75 1.00 to 2.30 1.00 to 2.30 to 2.30 to 2.75 to 2.75 6 0.75 to 2.90 to 2.05 4Mb Oct 1945— A&O 5s Park & Imp *39-'41-A&0 Lima 5Ms Sewer 1939-1947— 4Mb 1939-1966 J&J 2.55 Durham County— 4MB 1939-1951 J&D 6 0.75 Forsyth Co 4Mb *39-'58-J&D 6 0.75 Greensboro— 5s Water 1942 4Mb 1940-1963— F&A J&J 6 2.50 6 1.25 4 Ms.1940-1965 F&A 6 1.25 4s Water Works 1954—J&J 6 3.30 ReTg 3 M« 1957-1962- J&J 6 3.50 Greenville 5s W W '58-F&A * 6 3.65 to 2.65 to 2.80 2.25 to 2.00 6 1.00 to 2.60 1.00 6 1.50 to 1.25 6 to 2.40 to 2.50 I 2.00 1.25 to 1.75 to 2.60 to 2.40 % 1%50 I to 3.75 to 3.75 3.20 to 3.55 3.50 1.25 1.60 to 2.00 % 2.00 6 1.00 6 1.35 to 1.40 5s Sewer Feb 11940-*51 F&A 6 1.75 Lucas Co 4s O H 1944—M&S to 3.25 1939-1940 J&D2 Mahoning Val San Dist— 4Mb water 1939-1952—A&O Martin's Fy5s 1939-'44_M&S Miami Conservancy Dist— 5 Ms (1 to 5 yr mat'y)—J&D 5 Mb (5 to 10 yr mat'y)-J&D Ref 1-5% to 1.00 37M J&J M&S 1967— Eugene 5s 1942 40 1.75 1.50 % Multnomah Co— 4Mb Bridge 1939-1944.J&D 4Mb 1949-1956 F&A 4s Bridge 1945-1955—J&D Multnomah Co 3 D No. 1 4Mb July 15 1939 J&J15 4s July 15 *40-'45 J&J15 Portland— 5s Harb Dev 1939-50-M&N 4Mb Dock 1943— M&N 4Mb Oct 1939-47.—-A&O 4Mb 1940-1960 M&N 4s Water 1940-1955—M&N 4s Water 1939-1958 J&J 4s Water 1940-1959—F&A 6 0.50 6 2.40 to 6 2.10 to 2.65 0.75 0.75 to 0.50 b 0.75 b 1.50 to 2.40 b 0.75 b 0.50 to 2.25 b 0.50 b 0.50 to 2.35 b 0.50 to 2.60 1.75 to 2.75 to 2.10 1.25 to 2.80 to 2.50 PENNSYLVANIA o Tax antlcipa'n notes— eries"E T" May 311941 5s July 1 1951 Series O—J&J 102 M — 130 100 M b 132 101 Par to 1.95 b 0.50 to 2.00 94 95M b 1.10 to 3.00 6100M to 2.50 5ioo"" to 61002 to 2.20 7s ?35 2*35 6101 to 2.20 6 to 2.15 Par 6100M J&D 6 Par to 2.15 to 2.40 a^i ton-Phillips burg 4Mb 106 Phlla-Oamden— 4Mb Sept 1 '67 opt *41 115 Easton 2 Mb Water works— 1940-1966 M&S 6101M 4Mb 1940-1960. F&A 6 102 to 3.00 7.25 67.00 to 6 1.00 to 2.80 6 1.00 to 2.30 6 0.50 6 1.25 1 2?20 4Mb Jan 1 1940-1948 Fayette County— 4Mb Highway 1952 Harrisburg— 4s May 15 1940-1953 to 2.30 to 2.25 6 1.50 to 2.40 J&D % % % 3.20 6 Par Jeanette 4Mb 1940-1956.M&S 6 1.70 Lacakwanna Co 4s 1944.F&A to 2.10 to 2.85 % 2?20 Lancaster Co 4Mb *40-'60F&A 6 0".75" Lancaster S D 4s May 1945— 6 1.60 Lower Morion Twp 4s 1945 6 2.20 to2~40 McK'p't S D 4Mb 40-43 M&N 6 Par Mercer Co 5Ms '39-*47-F&A 6 1.35 Norrlstown S D 4Mb 1943-J&J Philadelphia— 5s Jan 1951 J&J 114M 5s June 1 1962 opt *52. J&D 115 to 2.00 to 2.15 5s June 1 1982 opt '52.J&D 4Mb May 1948 J&J 4Mb Nov 1 1948 J&J 116M 110M 110 111 J Flat price. 1 L10 115M 116M 109M to 2.10 b Basis. 1.50 2.00 115 to 1.25 Ohio municipal bonds issued since Jan. 1.1913, are taxable, all bonds issued prior to. that date are tax-exempt, to 1.00 0.50 Erie S D— 4Mb 1943 F&A 4Mb Sewer Oct 1 1939-47— 6 1.00 4 Ms 0.50 1.60 1.80 to 2.10 1.50 Lakewood— 5s Water 1940 to 1945-J&J 6 0.75 to to 2.25 4 Ms Water 1940-1960-M&S 6101M to 3.50 Bethlehem School Dist— 4s 1940-45-50 6 103 to 2.00 Braddock 4Mb *40-*41—M&N 6 Par to 2.35 Cambria Co 4Mb Nov 1 *39-*45 6 101 to 2.80 Del River Jt Oomm Bridge E to 2.50 6 1.50 6 4Mb gen imp 1939-43 A&O 6 1.00 East Liverpool 4s 1940-.--J&J xia 4Mb. 1939-1952—M&S 6 1.00 ■ WW 1939-1946 J&J 6 1.00 Fostoria 5s W W 1940—M&S Hamilton County 6 0.75 F&A to 1.85 Altoona— to 2.75 6 % 0.65 1.00 0.50 2.00 6 1.50 6 1.50 East Cleveland— F&A 6 2.65 M&N 6 1.00 1960-19772MB 1941-66 Durham— 3s to 2.00 Allentown— to 2.40 —A&O 4Mb Road 1939-1941—A&O 4s 1939-1941— A&O Dayton 6 Ms up 1944— F&A mp 1945 19 4Mb Bdge 1939-1951—M&S 4MB 1939-1940 M&S M&S 4Mb 1941-1961 Dayton School Dist— 5 Ms 1941M&S 5s Mar 161940-1946-M&S10 2.00 to 2.20 Astoria— 4Mb Sewer 1939-59 A&O 2.25 OREGON 2Mb May 15 1940 3 Ms May 15 1941-1945— 4Mb H'way *40-'49 (s-a)-A&0 4a Highway 1939-1942—A&O 4s Highway 1940-1941.-A&O 4Mb Dec 1 1951 opt *37-J&D 4 Ms 1939, 1944, 1949 J&J 4s Highway Apr.l 1940, 1942, 1945, 1947, 1950, 1952 3Ms Turnpike Revenue— 1947-1968 F&A Allegheny County— 4Mb 1940-1962 A&O 4Mb July 1939-1958 J&J 4s Bridge 1942— F&A 4s 1940-1958 M&S 2Mb Dec 1 1939-1965-J&D 2 M Apr 1 1940-1967—A&O 2Mb 1939-1968 J&D 2Mb 1940-1961 —.F&A to 2 70 _ to 1.60 Asheville— 5 M» 1.50 -J&D 19 6 1.75 4Mb 1939-1943———A&O J&J 6 2.50 J&J 6 0.75 A&O 6 0.75 l-4s gen ref July 1 1976 Buncombe County— l-4s gen ref July 1 1976 July 1946 F&A 6 2.25 Wat & Pk *40-*49-F&A 6 0.75 5s 1940-1947 F&A 6 0.75 % to 3.00 1.50 to 3.40 4M« July 1 1939-*62—A&O 4 Ms Marl 1940-*56—A&O to 1.50 to 1.75 to 2.00 101 1.00 1.00 % to 1.85 J&J J&J A&O 1.00 % Tulsa— Cincinnati— 6s Feb 1 1940-1952 A&O 5 Ms Jan 1940-1961—A&O 5s 1939-1961 to 2.00 3.30 J&D to 2.75 1.00 3.25 % _ 4Mb Grad CrosW^.A&O 4Mb Fire Dep '40-*55—A&O 4MB 1939-1950 M&S 4s Sewage 1939-1958 M&S 3 MB 1939-1949— A&O 3 Mb 1939-1956 A&O 3 Ms 1944-1953 M&S 3s 1939-1963 A&O 2MB 1939-1951 M&S 2Mb 1939-1951 M&S Cleveland Heights S D— 6s 1939-1959A&O 7s 1.00 0.75 5s W W 1939-1968—J&D to 3 .40 to 2.40 7s % to 2.20 to 2.10 Wolcott 4Mb Jly 15'39-'42J&J 6 1.00 1.00 % Oklahoma 0.35 Yonkers— to 2.60 County Highway 4Mb 1939-*46 A&O 6 0.50 6 2.50 Okmulgee 5s Mar 15 1943 3.25 (See footnote *) Cleveland— 5 Ms 1940-1970 to 3.10 5 Ms 5 Ms Akron 6s 1939-1940 4MB 1939-1947 4Mb 1939-1952 4 Mb 1939-1956 1.00 2.30 7s to 2.00 to 3.00 to 3.00 to 1.60 1.00 to 2.20 to 3.00 1.00 0.50 0.50 4Mb 1940-1959 (reg)-M&S 6 1.00 3.90s 1940-1954 F&A b 1.00 6 1.00 2Mb Sept 1 1943-49 A&O A&O 4Mb Water Works 1941 J&J S D 4MB 1940-1953 J&J 2.25 White Plains— to 3.00 to 2.40 3.10 6 3.75 5 Ms 1941 M&S 5 Ms Imp Feb '46-'ol—F&A 6 1.75 J&D to 3.10 1.00 0.50 Forks— 5s July 1 1965 100M 1.00 6 0.75 3.25 to 2.00 99 A&O A&O Oklahoma City— 5s Water 1940-1947—-M&S 4Mb July 1951 & 1955—J&J 6 3.40 4Mb Jan 1957 J&J 6 3.40 6 2.00 Fargo 4s Aug 15 1939-1954 to 1.80 4M« Bridge Rev '67-M&S Westchester County— 5s 1940-1976 3.00 % 2.00 4Mb Aviation 1940-53.J&J 6 0.25 to 1.35 3.00 to — 2.00 J&J 6 0.25 J&J 6 0.25 J&J to Funding 1M% to 2M% due June 30 1940 to 1946— 6 0.40 6 0.40 2Mb June 30, 1940-1948. 6 1.75 2s June 30, 1949-1954 Muskogee— Canton— to 1.70 ! 1.00 1.00 to 2.60 NORTH DAKOTA to 2.00 to 1.90 40 2.90 to 3.05 5s Farm L*n 1940-45&*50 J&J 6 2.50 5Ms 1945 & 1948 ser C_—J&J 6 3.30 to 1.75 1.85 to 3.05 OKLAHOMA 0.75 A&O 2.50 A&O A&O 2.50 4s Water Works 1942 A&O Allen Co 5 Ms 1940-1950-A&0 6 2.00 Ashland 5 Ms 1939-1944-A&0 6 1.00 to 1.00 % to 3.00 .75 to 2.95 4MB 1940-1958 M&N 15 .75 to 3.05 4MB 1939-1973 J&J 4s refunding 1948-56 2.40 to 2.75 J&J 3s refunding 1956-68 J&J 6102 to 100M OHIO to 2.00 4MB 1939-1957 Youngstown School Dist— 4Mb 1944-1947 M&S 5s 1939-1944 M&S Zanesville—5s City Hall & Market 1939 M&S Zanesville S D 5s '39-'43_A&0 6 Troy— 6s 1939-1940 reg A&O 4MB 1940-1950 A&O 4MB 1939-1970 J&D 4 Ms 1939-1965 J&J Utica—• 4Mb Pub Imp '39-'45-J&J15 4.20s 1940-1949 F&A 4.15s 1940-1950 M&N 4.10s 1940-1946 A&O 3.90s 1940-1948 F&A to 1.50 1.00 4MB 1939-1959 100M 36 J&J 5s Ref & Impt 1955—A&O 6 3.00 4Mb 1939-1962 A&O 6 0.75 0.75 4Mb Pub Imp 1940-60-J&J 4s 1.00 4MB 1939-1956 Youngstown— 6s Bdge 1939-41 96 M Wilmington Grand % r?oo Toledo School Dist— Randolph County— 4MB 1940-1947 4Mb 1948-1959 to 3.25 to 2.80 A&O 4Mb 1939-1954 M&S15 M&S 4Mb 1940-1953 4Mb Nov 1 1939-1953 4s Park July 1 1942—J&J 2.50 to 3.80 J&D 1946-1950 3 MB 1951-1956 3s 1955-1970 to 3.25 5 2.00 b 2.00 to 2.60 5s W W 1939-1944—F&A 6s Pub Wharf 1960—M&S 5s Sewer 1949 M&S to 3.20 b 2.00 Union Free Sch Dist— 2.80s b 2.75 A&O b 1.25 Impt June 1 1944 4s to 2.20 -J&J15 4s 3Ms 1.00 Summit Co— 4M 1939-1940 4Mb 1939-1967 1.00 to 2.20 M&S 1940-1955 1.00 Toledo— Raleigh— 5s M&S Springf'd S D 5s 1939—J&J2 4MB 1943-1947 0.40 5 Ms 1939-1960- 4Mb 1940-1950 4s % 3D S D— Springfield 4Mb 1940-1949 3.40 6s Ref Nov 1950 Pitt County— _ . 4 Ms 1940-1944 4.20s Dec 15 '39-71 £SCity 3.40 to 2.30 4Mb 1939-1957 A&O 3 Ms 1939-1951 F&A 2 Ms High & ref 1940-57 M&S 2.20s June 1 1940 1962 J&D Sullivan Co 4Mb '40-'45.A&0 Syracuse— 5s 1940-1971 Suffolk County— % to 4.10 to 1.20 1.00 To Net Montgomery County 5s Flood Emerg '39-*42 J&D lood Ei 0.15 Somers (T) 4Ms'39-'53.M&N b 1.00 Southampton— Ask 96 b 1.25 b 0.50 M&S 1940-1949 1.10s Bid to to 3.40 Mecklenburg Co— F&A b 1.25 or Bonds Net Guilford County— to 0.80 4Mb 1939-1957 5s Dec 15 1939-1941 2Mb Bid Bonds Yield Basis To or Net 0.40 0.25 Schenectady— 4.30s Yield Basis To or Bid Bonds BONDS possible for the closing day of the month preceding the date of issue as near as Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Yield Basis SOUTH Philadelphia (Concluded)— 4 Vis 1976 opt 1946 4 Vis Dec 17 1978 J&J 4s July 1939.. —J&J 4s 106 h 107 h 103 h 105 109 4s Jan 1 1946 4s Feb 16 1955. J&J J&J 4m Nov 1 1966 J&J 4s July 26 1972 J&J 3 Vis July 1 1980 opt 1956— Philadelphia School Dlst— 4 Vis 1939-1943 J&J 4 Vis 1941-1959 M&N 4 £s Apr 15 1.940-58-A&O15 4s 1939-1942 J&J 4s 1939-1950 J&D Operating Revenue— IKs Apr & Oct 1939-1941 111 Vi 103 101Vi b 1.00 106 110 Vi 113 h 5s Jan 15 Jan 15 1943 J&J15 Rural Credit 1942.-J&J Credit— Due May 1 1943-*50—M&N Ref 4s Aug I *43-'49 —F&A 3 Vis 1943 to 1946 F&A 3s Feb 1 1947— -F&A Corson Co 5s fd 1940-'47 M&N 5 Vis 4 Vis 104 less 4 Vis 1940-1970 M&N 6 0.75 4 Vi 1940-1945 M&N 6 0.75 4b School 1939-1951.—J&J 6 1.80 2 Vis 1939-1957 J&J 6 0.50 Vi Vi 0.75 less Vi 0.75 less Vi 2.75 less 1 1.75 less Vi J&D J&J15 1940 less 1.25 —M&S i04 h 0.75 '39-*40—A&O 2 Vis voted 1939-1958—F&A 6 0 50 6 2.25 Dallas Co 4 Vis Apr 10 1951 El Paso— 4 Vis Rural 103 h to 2,90 % to 3.50 fit- to 3-50;' to 2.75 % 2.25 2.25 2.25 103 — Jackson 80 to 2.00 4 Vis fund 1940-'47.M&N15 Perkins Co refunding 3-4s 65 90 to 2.15 0.50 Fort Worth— 5s 1951 5s 1939-1959 0.50 70 95 to 2.25 less Vi TENNESSEE 5s 1940-1950 Public Works Relief— 2.20 J&D 4Vi% 1953 School District— Sept 1 1946— 2 Vis 1939-1963 J&D Reading 5s Impfc 1943-49-J&J Schuylkill Oountv— N.4Vis 1939-1955-J&J to 2,30 3.90s Sept 1.85 2.25 J&D 2.15 1.60 1.70 2.20 2.60 to 2.70 1.80 3 Vi8 Sept 1 1944 3 Vis Sept 1 1945 3 Vis 1948 2.901 2.00 - 1947-1948 b 1.85 2 Vis 1.90 b Par to '39-41—F&A b Par to 1.90 4s 1940-1955 2.30 2.70 0.90 F&A Scranton 4 Vis 5s 1939-1950 b Par to 3.00 4 Vis 4 Vis 0.90 0.75 Scranton School District—■ w 4Vis 1940-1956 -J&J 3% opt rev 1910-48--M&N 6 1.80 to 3.10 Wilkes-Barre— 1940 J&J b 1.65 4Vus Impt 1940-1945-—J&J York 4Vis 1940-1943 F&A b 1.00 4 ha to 2.60 to 1.70 ISLAND RHODE b 1.00 1% Relief 1942-1943 M&S b 0.50 IX% June 1 1939-1943-J&D 3% Public Wks 1951-50-M&S b 1.50 4a Oharit Inst 1905--—M&S b 2.25 4s June 1 1977 J&D b 2.30 to 1.10 to 1.10 to 2.00 2.15 2.20 Cranston— 6 1.00 4s 1940-1966 4 ha Mar 15 5s a940-1942 3s '40-73-M&S15 A&O to 3.00 b 0.75 to 3.10 b 1.00 to 1.25 Newport— 6ha June 1 1939-1953----4 Vis May 1940-1942-M&N 4s May 15 1948-M&N 3 Vis g High sch 1954.J&D 0.60 to 2.25 0.60 to J&D 1 1955-1958 1940-1967 Dec 1 1939 4Vis bridge 1944-1945 6s July 1 1943 6s April 15 1946-1947 Carter County— 5s funding Jan 1.60 96 98 to 2.45 1.75 2.25 2.35 6 0.50 to 2.30 6 1.20 to 2.30 6 0.50 6 0.50 to 2.25 J&J 6 1.40 to 2.60 6 2.25 2.10 M&N 6 1.50 to 3.75 J&D M&N J&D 4Vi8 June 1939-1957_—J&D 6 1.00 to 3.50 5s Funded 4s Funding 2.60 to 2.10 _ -J&D 1939-1907 Funding 1944 4 Vis 1939-1967 1940-1959—A&O 1947------A&O 6 2.60 6 1.00 to 3.50 % 6 1.00 to 3.35 % 6 1.00 to 6 3.00 2.40, % 3.35 % 2.75 % SOUTH CAROLINA 6 1.50 Refunding 1940-55 3Vis State Highway— Ctfe of indebt 1940-49-J&D 6 1.50 3 Vis to 3.10 to 3.00 to 3.00 to 2.75 State ctfo of indebtedness 3s Jan 1 1940-1952 J&J 6 1.00] to 2.75 2 Vis Highway Oct 1 '45-'54— 6 2.50, to 2.75 Aiken do 4 Vis 1940-1945-F&A 6 1.50^ to 2.75 Anderson 4 Co— Vi« Highway 1940-43.F&A 6 1.50 104 Charleston—4 ha Jan '42-J&J 3 Vis Wat Woros '40-78A&O 6 1.50 95 Cheraw 5« *52 opt *32--July 1 Clarendon Co— to 2.60 106 to 3.00 100 2.00 6s May 15 1940 M&N15 Columbia 5s Ref 1941—M&S 6 2.50 6 to 2.50 6 2.25 to 2.50 1945 J&J Greenville—5s St 1942—J&J 8 ha water ref 1940-70 M&N Greenville Co 4 ha '40-'55-J&J 4 Vis Highw 1940-1945-F&A 4 Vis Water 2.10 6 2.25 2.15 6 1.00 to 3.15 6 1.50 to 3.10 6 1.25 to 3.00 3.80 1939-1948—-J&D 6 4.00 6 1.00 3s 1949-1958.J&D 6 2.70 sewer 25is sewer Kershaw Go— 5s Highway 194O-1940-F&A 6 1.50 Marion Co— 4 Vis 1940-1941 M&S 6 1.50 Spartanburg— 4 Vis Water 1940-1965-J&J 6 1.50 6 1.75 5s Sept 1 1939 „ to 2.25 to 2.50 to 2.50 to 3.75 to 3.85 to 3.25 1.25 to 0.50 to 3.25 3.00 2.50 4 Vis 1939-1968 3s July 1 1939-1951 F&A 0.50 to 3.25 J&J 0.75 to 6 2.25 2.00 5% Co Memorial '39-*50J&J 6 0.50 77 Dyer Co ref 3 Vi-4 Vis 1965 Fayette County— 4 Vis Road 1958 J&J 6 4.60 to 2.40 Waco— 5s Water Works 1942 Davidson County— 4 Vis Highway 1947 J&J Gibson County— 4 Vis. 1940-1958 Hamilton 6 2.00 J&J 6 1.50 4 Vis Water 1939-1968—J&J 6 1.00 Wichita Falls— 80 to 4.25 to 3.25 1.50 2.70 to 2.00 to 3.40 95 4% to 4 Vi% due 1969 97 pages 19 and 3.60 to UNITED County 4 Vi % STATES—See 92 2.60 UTAH 96 3.00 % Knoxville— Refunding 4Vis Jan 1 1958Refunding 4 Vis Jan 1 1958. Refunding 5s Jan 1 1958 Refunding 6s Jan 1 1958 General Obligation 4 Vis General Obligation 4 VisGeneral Obligation 5s.—.. Funding 5 Vis Sept 1950 Water 4 Vis 4s Funding 1952-1962.A&0 Electric System Revenue— 3 Vis 1941-1954 J&J 3 Vis 1955-1958 J&J Madison County— 4Vi% Highway *40-'49 J&D Memphis 5s July 1954 J&J 5s River Term '40-'48.A&0 4 Vis Water 1939-1962—J&J 4 Vis Water 1949-J&J 4 Vis Park 1959 A&O 4 Vis 1939-1955 J&D 4s 1939-1954 M&S 101 102 103 103 104 103 103 105 105 107 3.20 to 3.30 A&O 6 0.50 4s Ref 1940-1965 A&O 6 1.75 1 to 2.50 2.05 Salt Lake City S D— 4si May 1 1949 1.70 0.75 $ VERMONT 6 2.00 to 3.25 6 3.30 3.20 6 1.00 to 3.00 6 2.75 6 0.50 2.50 to 2.25 6 0.50 to 2.75 6 2.50 2.25 6 2.80 2.60 6 0.50 1939-48 J&D 6 0.80 4Vis Oct 1 1939-1949—A&O 6 0.70 to 2.10 to 2.20 Brattleboro—4s Refunding 1942-1951 J&J 6 2.00 Burlington— 4 Vis City Hall 1940-55. J&D 6 1.25 to 2.35 to 2.60 Rutland (School Debt)— 4s 1940-1948 ...F&A 61.25 to 2.25 to 2.60 land River Bdge 1953.F&A 6 3.25 Nashville— 6s 1940-1942 A&O 6 0.50 3 Vis ito 2.50 3.20 VIRGINIA 5s March 1940-1900---M&S 6 0.50 5s Memorial Sq '39-50-M&S 6 0.50 4 Vis High Sch 1940 J&J 6 1.25 Hospital '40-'56--J&J 1939-1968 M&N 1939-1907—— J&J 1940-1948— M&S Polk Co 5s 1939-1940 J&D Robertson County— 4 Vis Road 1948F&A Shelby County— 4s Courthouse 1957 A&O 5s Aud Mkt H'se 1949.M&S 4Vi % Jail 1940-1951—M&S Smith County— 5 Vis Fdg 1940-1958 J&J Tipton County— 4 Vis Road July 2 '39-*58J&J Washington County— 5% Fdg Jan 1 1954 J&J White County— 5Vi% Highway 1955-M&S 4Vis 4 Vis 4 Vis 4 Vis Commonwealth) 1962 s Refunding 1947-'0O..J&J s Refunding 1939-'46.-J&J to 1.75 to 2.75 to 2.75 6 0.50 6 0.50 to 2.75 6 4.75 4.40 6 2.75 2.50 6 2.90 6 2.80 2.75 to 2.75 5s 1962 opt 1942 to 2.75 to 3.50 , 6 4.00 to 4. 25 less 3.60 3s Jan 1 Vi h 6 2.75 less 6 0.50 to 2, 50 6 2.40 less % Vi 6 0.50 to 2 ,40 6 2.60 Vi 1940-1959.J&J 6 0.50 to 2 .45 % F&A 6 1.00 to 2 .75 % 6 1.00 6 2.75 to 3 .60 % 6 2.75 less 6 3.15 less ..F&A 6 3.25 J&J 6 1.00 less Norfolk— 3.75 6 3.85 to 3. 10 J&D 4 Vis June 1 1957. Newport News— 4 Vis 1940-1958 to 4.00 L to 2. 90 Lynchburg— 4s Pub Impt 6 1.50 to 1 M&S 6 1.50 Water impt 1958—.J&J Danville— 4Hb July 1 1939-1950—J&J Fairfax Co 4 Vis 1945..F&A2 Henrico County— School 5s 1940-1950—J&J 2.60 6 1.00 to 2 6 0.25 - 2.25 6 1.00 2.15 6 1.20 Albemarle Co 5s 1948 J&J Alexandria— 3s 1939-1973.. J15 & D 15 6 0.50 Arlington Co 5 Vis '40-'54 F&A 6 0.50 Bristol 5Vis Sch 1940-53 J&J 6 2.00 Charlottesville— to 2.50 to 1.75 6 0.50 6 0.50 1940-, 4 Vis % 100 Vi 1940-1972 6% Water May 1952——". 5% Port Terminal May '52. Petersburg 4Vis 1952..'A&O less 8, Portsmouth— 96 Abilene 5s Feb 15 1959-1965Amarillo 4 Vis '40-'58.M&S 15 6 1.00 Austin— 6s 1939-1942 J&J 6 0.50 3.00 4 Vis 1939-1953 4 Vis 1954-1958 to 3.00 1.75 3.30 6 0.50 to 3.00 to 3.00 to 0.50 to 1.75 „ TEXAS to 2.25 I ?40 0.40 to 1.50 M&N 6 1.90 5%-2Vi% Refund'58.M&N 6 2.20 Salt Lake Co 4 Vis Apr 1 1942 6 1.00 101Vi 101 Vi 103 0.60 4s Ref 1940-1945 104 104 100 6 3.40 6 3.50 April 1 1941 J&J 6 0.80 —s Road 1939 J&J 4 Vis July 11939 J&J 1 Vis refunding 1940-1955 6 0.151 Ogden 4Vi% 1939-1945-F&A 6 0.50 Salt Lake City— 5s Refunding 1941—...J&J 6 0.70 s County— 4 Vis Bridge May 1 *61 M&N 6 3.25 6 3.25 6 0.50 6 0.50 J&J J&J J&J 6 2.50 Beaumont— 5s Water Works 1954.M&S 5s 1940-1965 A&O 4 Vis 1939-1970 J&J 4s 1942 opt 1922 J&D 3 Vis 1940-1952 A&O 4s 1953-1977 A&O to 3.50 % 5s Water 1948 to Richmond— 4 Vis 1958 4 Vis July 1 1964— 4 Vis July 1 1941 4 Vis July 1 1965 0.75 to 3.00 to 2.50 to 2.80 3.10 6 1.25 6 1.00 5 Vis 1951 4 Vis 1939-1954 98 to 3.40 to 3.40 1 „ to 3~40 to 3.60 i" 5 Vis Impt Apr 10 1956-1965 6 3.25 Corpus Christ! 5s fd '67-F&A 101 to 3.75 102 % 2 Vis 1939-1953 Roanoke— J&D 6 3.00 to 3 .IS a % less .Vi j&j 6 2.15 less 1 J&J 6 2.20 less 1 j&j 105 J&J 6 2.20] less T j&j 6 0.50. to 1 .70 % 2 Vis Water 1940-1968.A&O 6 0.25 2 Vi« Jan 1 1940-1958..J&J 6 0.25 100 6 1.00 6 3.10 Brazoria Co— to 2.60 to 2.65 0.75 Spartanb'g Co 4Vis'40-,47M&S 6 1.50 Sumter Co 5s 1940-1952—J&J 6 1.75 York Co 4 Vis 1940-1950-J&J 6 1.75 / Flat price, F&A 6 0.75 to 2.50 0.75 4 Vis 1940-1961- 6 Basil. 3.75 to 2.40 5 Vis W W 1940-1965.M&N 5s Sept 1939-1959 M&S to 3.00 _ -— to 2.65 to 5s St Impt Dist No 2 1943— 4 Vis 1940-1967 J&J 1.50 5s Nov 1 1943 to 2.60 3.90 to 2.90 M&N 1907 to 3.25 4.10 to 2.90 Greater Greenville Sewer Dlst 4 ha to 3.25 San Antonio— Montgomery Co—5s Cumber¬ 6 1.00 4Hsctfs indebt 1939-53-J&D 4s Institu'l 1939-1959 J&J 6 1.00 10 '40-'56_A&010 6 0.50 Port Arthur— 5s 1940-1970 Knox 2.60 4 Vis 4 Vis 3.40 3.80 3.15 6 2.75 6 2.75 _ to 3.20 to 3.25 3.80 3.00 1902---——-J&D 1904-----.—A&O 4s 1939-1950 J&D 3s 1944-1951 -J&D 2 Vis 1940-1957—,—F&A 2s May 1 1940-1958 WPA School Loan— 4 V44 funding 1941 6 s Fund 1940-1901 to 2.90 to to 3.00 2.85 3s 1940-1905 Woonsocket— to 2.70 to 2.40 ■ 2.20 M&N2 to 2.25 4.00 4 Vis Ref 1940-1948—J&J 6 1.00 Johnson City-— 5 Vis Impt 1939-1940—J&D 93 2.35 3.15 4 ha 1950 -J&J 3.25 4 Vis Sewer 1952—— J&D 6 3.40 4 Vis School 1954--—-M&N Providence— 6 4 Vis 1939-1959 J&D 0.50 6 2.00 4s Jan 1 1945.—----J&J 4s Oct 1 1954 --A&O 6 2.50 6 2.50 4s Pawtucket— May 2 1957 2.80 to 2.75 3.60 2.10 4s Oct 1 to 2.75 to 4.00 Refunding 1957-A&O 6 3.80 5% Bridge 1944 JU 6 2.80 1,25 2.30 4s Water A&O 6 0.75 Houston— 4 Vis 0.50 Sept 1939-1952—M&N 4 Vis 1939-1957 0.50 J&J 1.25 4Vis Impt 1940-55(s-a)_J&J 4 Vis 1942-1947 1.00 6 2.00 Houston S D 5s Feb 1952 4 Vis 1939-1951 J&D 6 0.75 Palestine 5s Sch Aug 1 1939, 6 1.75 1944,'49.'54. '59. *64 1.85 92 Pn 4 Vis Apr 2.25 90 1 1959—J&J 7Tan*ia 0.50 2.00 road Chattanooga— 4 Vis School 1956 -A&O 4 Vis Memorial Aud '52M&N 5s Hospital 1954 M&S Cocke County— 4 Vis Road 1947 opt *39-J&J 6 0.75 Grimes County— 5Vis Road 1940-54.A&O 10 6 1.25 to 2.85 1.80 2.40 5 Vis 2.75 J&D 0.75 F&A 1.00 F&A 4s Refunding 1941 J&J Ind Sch D 4s '4O-*04._F&A 6 0.75 3 Vis Nov 1 1939-1967.M&N 6 0.75 Galveston— 58 Grade Raising 1944.A&O 5s School 1940-1954—M&S 6 0.75 to 2.25 1.00 6 1.50 J&D 1 1940 A&O 4 Vis 1940-1971 4 Vis 1940-1904 to 2.25 5 Vis Dec — to 2.60 4 Vis 1940-1960 % 103 Vi 85 _ Par Ask 5s W W purch I960...A&O 6 3.00 to 3.20 5s Impt Aug 1 1948—-F&A A&O 6 Too" to 3.25 % to 2.75 % Co— Stanley Co refunding 4 Vis % to 3.40 to 2.90 to 2.40 Sioux Falls S D— Pittsburgh— 4 Vis 1939-1950 J&D 2ha Sch Dlst 1939-62-A&O 2 Jis July 1 1939-1956--.T&J 2Xa Feb 1 1940-1958.F&A M&N 6 0.75 5s 1940-1960 5s Rural Credit b b 1.00 Bid Dallas— 6s Sept 1941— 5s Jane 1 1939 b 2.30 b 1.00 or Bonds Net 107 h b 2.50 1.00 Ask DAKOTA 108 h 100 J&J July 1942 To or Bid Bonds Net Ask Yield Basis Yield Basis I To or Bid Bonds 99 MUNICIPAL BONDS AND STATE June, 1939] to 2 .25 4Vis 1939-1956 to 2 .45 6 0.50 to 2 .30 Staunton 5s 1939-1958—M&S 6 0.50 to.3 .00 Tazewell Co 5s 1940-40..j&j 6 0.75 to^2 .75 Washington County— 5s school 1940-1949——J&J 6 0.75 to 2.50 % t Optional to Jan. 1,1938. at 105; 1943 at 104; 1948 at 103; 1953 at 102 and 1958 at 100. AND MUNICIPAL STATE 100 Quotations for all securities are as near as To or Ask Yield Basis Yield Basis Yield, Basis Bid Bonds BONDS possible for the closing day of the month preceding the date of issue To or Bid Bonds Net Charleston S D Spokane— WASHINGTON 4Mb Park 1962 J&J 4Mb ref 1939-51-. J&J 3**s Ref 1943-1954 _J&J 4Mb 1940-1954 M&S 5Mb 1940-1953 J&J 5s Imp Mar 1 1940-1942 Spokane Water Revenue— 4Mb-4Mb 1939-1941 A&O Tacoma—Revenues— 4Mb Water '39-*43 (s-a)J&J 4Mb EIL&P '42-'46(s-a)J&J 4^sEIL&P'39-51(s-a A&O 4s Water 1944-1946 J&J 2.90 6s'Gen Fund 1939-1940—J&J b 0.50 to 1.00 4**% Gen oblig 1939-1943J&J 4% Gen oblig —1948-60 3M% Gen oblig 1950-61 8*4% Gen oblig 1951-62 Toll Bridge Authority— Revenue 4s 1968 J&D Clark Co 5*4s'52 opt *33 A&O Refunding 6s 1953 M&N b 0.50 to 1.00 b 2.20 to 2.50 b 2,20 b 2.25 to 2.60 to 2.40 98 M 97** 3.40 b3".50" to 3.25 % Everett— 4**s Gen oblig wat.1939-59 b 1.75 Revenue Bonds— 5s Water ref 1939-45 b^ 1.00 3^s Water ref 1939 b 1.00 2Mb Water ref—1940-42 b 1.50 King County— 4Mb Bridge 1939-49.M&N b 1.00 4 Mb 1939-1950 M&N b 1.00 to 3.40 % Walla to 2.75 to to to % 2.70 % 2.20 % 3.00 to 3.00 J&J 4**s Jan 1940-1955 b 1.00 0.50 1.00 P—A&O b 1.00 6 ** s L & P 1940-1943-M&N b 1.00 5s Light & Pow 1942-56A&O b 3.00 4 M Lt & Pr 1939-'58__M&N b 1.50 to 2.90 0,50 to 2.00 b 0.75 to 2.00 b 1.50 to 2.25 b 2.00 to 2.80 % to 2.00 to 3.00 % % 1939-1946 ..J&J —J&J 1945-1954 .—J&J 1939-1943 3*00 b 0.50 4Mb 4**s b 1.80 to 1.60 1939-1960—M&N 6 1.00 to 3.25 to 1.50 6s W W % 4s 1940-1950 4s July b 0.75 to 3.15 2s Road 1939-1963 J&D b 4.10 to 4.30 l^s Road 1950-1951 1.40% July 1. 1939 J&D J&J to 4.20 Charleston 4**s '41 opt *27J&J to 4.15 to 4.10 2^s 2**s to 2.00 0.50 to 1.90 to 1.70 to 2.10 0.50 to 2.10 1.40 to 1.60 1.00 to 1.00 1.25 1.00 1.00 to 2.50 3.25 to 2.05 0.35 1.85 1939 1944 4*iscourth'se '39-49 J&D16 Racine—4*^8 1939-'57--M&N 6s 1939-1941 F&A Racine Co 5s 1940— ....J&J 4Mb 1939-1950 J&J Superior 4Mb Sch '39-'44.J&J to 2.15 to 98 M 4s Road 1951 opt 1941—A&O Natrona Co S D No 2— 5s 1939-1944— to 2.40 9 to to 2.50 to 3.00 3.50 to WYOMING to 1.95 100M J&D b 0.75 J&D b 2.25 1940-1958 1958-1972. to 1.40 to 2.20 1.10 to 0.75 to 2.00 to 1.80 0.40 1.80 to 2.00 Milwaukee County— 4Mb Ct H'se '39-'50 M&N 15 6 0.50 4Mb Sew Mar 12 1940-1945- 6 0.50 to 1.10 to 3.15 _ to 1.75 J&J 6 0.50 4s to 2.20 b 0.35 ...J&J b 0.35 ...J&J b 2.10 to 3.10 4MB 1949-1968 A&O 4s 1939-1953 M&N b 1.50 3^s 1943-1953 A&O b 3.80 3Ms 1940-1954 A&O b 1.90 Seattle School Dist No 1— to 58 Highway b 2.00 '44 Munic Lt & Power Rev— 2.00 Eau Claire 4 Mb 1939-1944. J&J 6 0.50 Green Bay— 4Mb 1940-1947 A&O 6 0.50 4Mb b 2.00 to 4.20 2.90 Madison— M&S 1941-1959 4MB I 5^8 GO sewer 1939--M&N 5s Wat rev 1939-1951-J&D b 1.25 General obligations— 4**s 1941-1955—A&O 4Ks 1940-1957 A&O to 4.20 2~.75 to WISCONSIN 2.60 % WEST VIRGINIA to 3.15 2.10 to 1939-1949 J&D 6 0.50 Milwaukee—5s 1939-'40.-J&J 6 0.50 4**s 1939-1945 J&J 6 0.50 to to 2.50 to 1°.25 W9,11 a — % % 3.20 % to 2.90 to 3.00 to 2.65 b 2.60 J&J b 0.50 to 2.50 b 1.50 1948-1952 3^s 1951 and 1952— —.J&J —J&J 3**s 1943-1952 3s Sept 1, 1939-1946- ..M&S 2Mb Sept 1. 1946-1960. -M&S 2^s Nov 11939-1962- .M&N 2**s May 1 1944-1962 Emergency Funding opt to 3.00 Net Ask — 1939-1952 Clarksburg 5s 1.939-1953.A&0 b 0.50 Clarksbg S D 5s '41 ep '21M&S Hancock County—5s Grant Road Dist '46 opt '32.M&N 100** Huntington 5s 1944 Oct b 2.25 Mercer Co 5s '44 op '24 A&015 100** Morgantown 5s 193 9-1948. J&J b 0.50 Wheeling— 5s Wat Wks 1939-1952.J&J b 0.25 % Seattle— 6s 1940-1941 L & to 2.80 4Hs ref wat 1939-1954-J&J b 1.00 Yakima— Pie ce County— b 0.50 4Mb 1939-1944 Port of Seattle 5s *39-'55 M&S b 0.50 to 2.80 2.00 — 5s to 2.70 0.50 4s & To or Bid Bonds Net Ask J&J 6 0.90 b 0.75 0.60 1.75 to t M&N 1946-1950 4s b 2.50 to 2.80 Flat price. b Basis. Quotations are as near as possible for the closing day of the month preceding Surplus Capital Reserve Agricultural (Watet'n) 3,000,000 15,420,899 10 7,500,000 15,600,499 10 15,000,000 20,386,975 5,150,548 25 3,000,000 16,777,037 20,016,996 5,357,42d 5,561,485 Allemannia Fire (Pgh) 10 1,200.000 2,385,004 Y) Amer Oas (Read'g.Pa) Amer Equitable (N Y) 10 3,000,000 500,000 (Wasn'ton) 100 200,000 Yj 10 Amer Reinsur (N Y)_ 10 Amer Reserve (N Y) 1,000,000 3,343,740 2,000,000 1,000,000 300,000 7.500.000 5,000,000 1,500,000 1,000,000 3,000,000 1,000,000 2,000,000 3,466,435 550,000 3,396,613 375,943 1,272,601 10,857,420 4,547,339 1,317,678 353,581 5,200,522 7,875,522 1,973,048 2,159,517 10,934,125 2,332,123 4,112,115 4,681,385 75,899 881,417 12,083,301 1,194,528 2,564,981 918,486 5,866.118 9,101,043 2,398,081 3,246,998 4,589,103 500,000 950,596 722,209 10 Aetna Insur (Hartf) — Aetna Life (Hartford) Amer Alliance (N Amer Fire Amer Home Fire(N _ 5 5 1,000,000 (Newark) 2** Amer In ur _ Amer States (Ind'nap) Amer Surety (N Y) Automobile Ins < Hartf) 10 10 25 10 Baltimore Amer (Bit) 2M 25 Bankers & Shipp (NY) 100 Boston (Boston) Buffalo Ins Co (Buff) 100 5 Oamden Fire (Camden) Carolina 107 share 114 47 M sas 49M 30 32 M 22 1,923,319 22 23 1,425,908 9 400,000 1,500,000 2,411,373 5,246,165 M 9M 22 M ~8M 21 (New York) 2,000,000 3,000,000 100 10 (Wilmington, Del). 10 Oontinental Assurance Continental Casualty 10 503,712 *16,135,536 2,073,653 1,478,210 — 10 20 (Philadelphia) 7M 604 92 M 614 385 405 19M ,21M New 25M 27 M New 2 No Par Value, Amsterdam 22^ 27 M 75 28 M 9,112,384 19,726,149 35 971,660 1 3,043,075 381,277 48 50 8M 40 M 121 9M 42 5 20 34^ 30M 64 M 1,000,000 4,000,000 6,119,385 12M 14M Brnns, N J).. Hampshire Fire 1,929,254 1,526,968 31M 33 M (Manchester, N H) 10 5 3,000,000 1,000,000 1,500,000 8,322,928 2,433.796 1,922,983 2,0 0,000 13,802,274 1,000,000 5,315,714 4,548,721 45 M 2,322,932 15M 3M 25 M 90 M 47** 10M Northern Ins Co(NY) 12 M 10 1.000,000 25 (Milwaukee) 2,000,000 1,000,000 1,000,000 1,000,000 1,000,000 Occidental Ins (S F)__ Old Line Life (Milw). 10 Pacific Fire 25 (N Y) Pan-Amer Lire (N O). Peerless Casualty. Phila Life 10 10 5 10 Preferred (Providence) _ _ 19 5.989.911 4,925,656 1,871,071 3.093.912 1,356,309 596,816 4,528,774 302,479 884,075 2,518,622 1,202,436 1,703,257 31M 7M 33 M 19 20 25 26** 25 M 4** 1,866,405 1,000,000 4,000,000 23,912,397 814,309 1,000,000 1,000,000 1,000,000 2,000,000 3.839,180 831,574 9,594,343 669,168 0M 855,000 4,012,609 w* 29 5,000,000 13,740,691 1,000,000 2,057,265 12,033,372 2,122,829 U5M 2 Surety (NY) Security Ins (N Hav). 10 1,000,000 4,201,288 8,150,000 24,838,632 2,000,000 1.694,093 10 4,000,000 5,704,764 10 12,000,000 52,819,019 4,195,948 13,287,978 9M 25M 1,020,427 4,968,102 22 M Rochester 7,517,340 10 \° 1,000,000 4,932,000 1,000,000 3,161,557 117,073 653,589 10 12,000,000 51,365,411 20 2,000,000 1,000.000 (Springfield, Stand Fire 10 5 10 & Mar Mass) (Trenton) _ 75 8,357,631 43,558,406 2,264,228 54 56 30^ 32M 37M 1M 40 anty (Baltimore)... U 8 Fire (New York). 2M 19M 10 25 12** Univer Ins 21,176,385 2,500,000 167,517,733 1,191.986 1,943,445 1,000,000 2,000,000 1,000,000 1,000,000 19,089 5 832,348 Stuyvesant Fire (N Y) 500,000 Sun Life Ass'nceJfOas) 100 2,000,000 18,118,208 *64,064.391 Travelers Fire (Hartf) 100 20,000,000 33,356,461 *836 992853 U 8 Casualty conv pref 2.446,031 2 1.000,000 2,117,312 U 8 Fidelity & Guar- 32.935.971 1,060,041 2 15M 77 ,p 82 23 M 3 8** American Springfield Fire 3,000,000 16 11M 3,000,000 1,530,000 10 w* 15 10M 10 10 78 24M 11M 119 16M Seaboard 26M 115 127 1,856,649 Republic (Dallas) Revere (Paul) Fire Rhode Island (Prov). UM 10M 2,916,924 Reliance ins (Phila).. 26 M 24 400,000 24 1,000,000 Reinsur anceOorp(NY) M 70M 122 10 10 22 67** 5,355,079 823,786 728,959 118,299,023 2,970,904 3,364,167 1,006,536 *33,088,084 1,050,988 231,918 213,507 *12,301,598 516,344 1,231,495 8,582,885 38,807,872 5,493,222 2,481,657 Acci< 10M M 93** 23 700,000 1,000,000 6,000,000 '80M 24M 25M 587,679 1,011,481 5 (Phila) Phila Nat Ins (Phila) Phoenix Ins (Hartf).. 20 M s. N orth westernN ational 10 22 2,236,556 5,831,894 4,794,244 Northwest Fire & Mar 30 M 43 M 41 il* 1,000,000 ton 29 96,715 7,096,478 2 —— 32 M 05 M 28 929,761 Brunswick _ 124 34 9 4** 28** 30** 61M 03 M 8M 18** U7M 123** Cas 5 1N'eastern (Hartford) North River Ins iN Y) 2M 165 70 2 25 U S Guarantee Co 2 4 10 67 27 68 8 (N J) West Coast Life (8 F) 5 Westchester Fire (NY) 2M 30 Wisconsin Nat Lire 39M 9,093,368 14,937,079 2,000,000 9,831,793 2,000,000 18,973,428 2,889,430 5,336,231 2,000,000 457,694 1,200,615 400,000 225,000 *22,982,425 375,000 5,492,963 1,000,000 9.174,888 *7.390,380 549,305 400,000 25 29 223 228 63 8 31** 31 UJX 66 3 4 390 440 484 474 8M 8% 20M 52 M 58M 21M 54 M 61** 42 17M 10 14 4M 16 5 33 M 35M 15M 17** f Consists of $341,550 $4 cum. 1st preferred, $500,520 $5 2d preferred and $75,000 $5 junior preferred stock. ^Policy reserves life insurance reserves. IT Formerly known as Ros3ia Insurance Co. x Not an insurance company. also called legal reserve or 14,795,011 6,452,915 10 10 (NY) Jefferson Stand Life.. 100 ♦ 3 (Rochester) 10 Jersey Ins Co of N Y. 1,393,574 Insurer 10 New 3 21M 32** 35 Vs 2M 5 15,000.000 50,466,464 _. 1,000,000 593,194 1,000,000 750,000 5,000,000 21,206,488 4,000,000 8,066,984 231,858 200,000 1.100,000 5,590,574 (Providence). National Cas (Detroit) National Fire (Hartf). Nat'l Liberty (N Y).. Nat'l Union (Wash).. Nat Union Fire (Pitts) __ St Paul F & M (St P)_ 10 Home Fire Security Homestead Fire (Bait) lnsur Co of Nor Amer 8 5 Merchants 31** 5 10 50M 45 1,125,062 52 M 34 M York Seaboard F & M • 54M 41 115 1,605,556 35 31M 37M 2,372,349 5 830,272 50** 32 M 0M 29M 36M 6,420,674 15,466,927 3,609,991 8,654,847 259,259 3 3% 1,207,177 30 New 12 15 10** 3M 400,000 (Denver Hartford Steam Boiler (Hartford) share 360 & Mfrs 1.381.316 120,156,811 2,507,100 125,045,367 1 Home (New York) Home F& M (SF) Ask. 3 1,000,000 Merch Fire Merchants 25M 40 15 9M 2M 5 14M 42 M 38M 10M 5 340 10 12M 3,239,138 2,698,700 1,628,929 5 (Hartf) 5,218,589 4,120,384 1,000,000 2,190,597 1,000,000 1,681,180 1,200,000 16,885,695 t917,070 (Glens Falls, N Y). Globe & Republic Globe & Rutgers Fire. (N Y) 3,028,627 8,522,631 23 M 5 10 Halifax (Halifax, NS)_ Hanover Fire (N Y). 2,000,000 1,299,562 5 10 (New York) 1,476,491 11,829,959 84** 9M 5 Gibraltar Fire & Mar Glens Falls Insurance Great Amer Ins 2,081,964 4,878,874 12,691,358 13.456,785 6,503,077 2,248,841 916,633 25 Georgia Home Hartford Fire 950,969 140,626,515 7,027.579 1205394054 6,204,962 5,000,000 62,314,404 367,853 815,000 1,500,000 2,500,000 755,083 755,095 4,000,000 12,118,773 2,400,000 7,317,529 3,750,000 48,637,375 1,000,000 1,841,655 2,000,000 9.488.317 300,000 373,575 7,500,000 15,836,187 9,397,690 8,479,380 3,000,000 9,042,147 1,000,000 6,000,000 500,000 873,549 1,000,000 1,177,049 . 2d preferred Gr Amer Indemnity Per 100 40 M 24 690,326 *18,279.790 nl45 1,750,000 5 (Hammond, Ind).. Continental Ins (N Y) 2M Eagle Fire (Newark) 2M EmployersRe-ins(KO) 10 5 Excess Ins (N Y) 10 Federal Ins (Jer City) Fidelity & Dep (Bait) 20 Fidellty-Phenlx (NY) 2M Fidel & Guar (Bait) 10 Franklin Fire (Phila). General Reinsurance. Bid. \pi (Minneapolis) 637,530 1,000,000 1,000,000 2,544,798 5 5 12,500,000 7 Nat'l Life Conn Gen Life (Hartf) Continental Amer Life 6,021,440 t99,042,056 1,325,001 2,049,258 110,418 185,191 12H 115 New York Fire 900,000 1,000,000 1,000,000 100,000 10 (New 5 Louis) 10 City of NewYork(NY) Colonial Life (Jersey 100 City) Fire Assoc of Phila Fireman's (Wash'ton) Firemans Fund (S F). Firemens Ins(Newark) % 1 Knickerbocker (N Y) Lincoln Fire (N Y)__. (Baltimore) 10 (Boston) $ City Life (Kan¬ 100 City, Mo) (Phila) Maryland Oasi Mass Bonding & (Boston) Central States Life (St Columbian $ 78 1.492,496 75 19 (Wilmington N.C.) Reserve $ Ask. Kansas Sur (Hartford) Premium 1938 Dec. Bid. Per Aetna Casualty & Unearned Surplus 31, Capital Premium 1938 Par Unearned Dec. 31, Par the date of issue. Quotations are Allerton N V t'orp 64 r. 24 102 1958- — J&J Debenture 2s 1963 J&J Ambassador Hotel (Los Ang)Non-cum inc. 4-5s 1950—A&O 100M 49 M 51M Amer Insur Un Bldg 6s 41-M&N Arcade Bldg & Rlty > Seattle)— 1st leasehold 3-6s 1948 J&J 54 M 56 35 38 Arcady-Wilshire Co (Los Ang)— Non-cum inc 5s June 11949J&J Arrowhead Lake 7s 1944-47-J&D f Assoc Chain non-cum inc 6s 1957-M&S / Assoc Realty Bldg 'Los Angeles) Income 5s 1948 (w-s) J&J Baker Hotel (Dallas)— 1st s 80 77 . -F&A f 5s 1950 (with stk) lst s f 6*4s 1942.. Fuller Bldg (G A F Realty 32 30 18 57 - - - 13 M 38 32 5M 33 6M 7M 5Ms 7 9 Bids, Harrimax) 12 tti l9ol . 29 25 43 46 74 75 M Feb 20 4 18*4 1st 22 f inc 3*4-6s May 1 s 7M 5M 40 1948/ / 51 53 15 16 46 M 45 M 70 70 33 M 54 Building (Boston) 1st 6*4s 1943 F&A / Jagels & Bellis Realty 6s '48.M&S George 4s 1950----/ F&A Insurance Exchange Bldg 6s 1943 16 20 93 80 83 Kramon Devel Co 1st fee & 31M Brown Hotel 'Louisville)— find 5s 1949—J&D 1949 J&D 2d income 6s Bryant Pk Bldg (NY) 0Ms'45J&J Budd Realty 6s June 1941.-J&D 6s Sept ]Q41 M&S Bush Term Bldg—See Industrials 101M — — — - - - / — - 92 LaSalle Wacker 5s fixed 102 M 102 M 5M 6M 55 - Units 23 21 101M 101M f 58 16 17 (Erie, Pa.)— 1948 M&S 6s Jan 1 44 J&I 56 M Butler-Hall 4 M-5s 1947-0 Alar 25 Cent Manhattan Props 5s'46M&8 54 14 16 Central Zone Prop 6s w-s'53 F&A Chain Score Depot 6s 1940--M&S Chanln Building— 49 M 52 Lefcourt State Bldg— Extend 1st 4-6 Ms 1948. 80 Lenox Hotel inc 5s 1950 20 l^ewis Morris Apts 1st 40 46 48 Lincoln 13 15 1st Leasehold inc 4s 1945.M&S 2d Leasehold inc 2s 1945.M&S 3d Leasehold Inc 1st 1945.M&S Chesebrough Bldg 6s 1948 A&O Chicago Evening Amer 6s'39 J&J OhicHerald & Exam (i '4* '50 M&S Cigar Stores Realty Holdings— S f dep 5Ms 1949 ser A J&J Circle Theatre extd 6s 1946.M&S Cleve Term Bldg 1st 6s 1941.J&J Stamped Cleveland Theatre gen 5s 1944... Colonade 5*4s 6 5 Lincoln 48 M 50 94*4 57 M 96*4 59*4 51 ex Lincoln 27 10M 10M 10 Sherneth Qorp 3-5 Ms (w-s) 1956- / 00 Park Place Bldg 3*48-58.-194? 17 58 Sixty-one Broadway Building 1st s f 3M~5s (ws) 1940.-M&N Income 3-3 Ms stpd 1955_M&N / Speed Building (Louisville. Ky). Income 6s , 33 34M 1 M&N 1945 40 96 41 44 17M Lords Court Bldg 18M 4M 6 5*4s 1942-J&D / 98 M « . C)— Mtge cum Inc 3-6 %s 1957M&N 29 M Towers 6s 1948.M&S f (The> 6s 1940 F&A Mecca 50 39 X 40 M 85 M / 85 M 87 99 M t 5 1946 . 73 Metropolitan Playhouses— Debenture mtge 5s 1945--F&A 68 76 100M 70 Corp (Mo)—• 32 36 38*4 43*4 40 M&N / Nat Hotel of Cuba 6s 1959-M&S f 45 Nat Press 14 16 6 8 Adj mtge inc Apr 15 4*4s Natl Tower Bldg 6 Ms 1944 1st leasehold 3s 1953 37*4 39*4 42 70 4M 71M 14 J&J 1950. A&O 1st fee & l'hold 4-5s 1959.A&0 Neisner Bros Realty, Inc— Conv s f deb 6s 1948 J&D 15 40 36 3M 15 N Y Athletic Club— 42*4 43*4 13 50 B'way Bldg 3-6s 1940—M&* 51 East 42d St 3s 1956—On Mar 18 A&O 46 52d & Madison Office Bldg— 1st Leasehold 3s Jan 1 1952-^-. 36 Bldg 3-5s 1950 41 N Y Postal Service Station— 103 M *4 28*4 28 M k Last sale. 1 *4 50 106 ! M&S Strauss-Manhat conv 6s \33_J&D f Taft Rlty (New Hav) 6s'40 A&O f Income 2s w-s 1951 On Nov 10 East 40th Street Bldg 5s 1953 series FI series Q 5*4s 1945. J&D f North Station Indus Bldg (Bost) 1st in s f 5« 1962 A&O mmm'irnm - _ 25 27 75 X 77 4M •• 27 6 35 Textile Properties— 1st 4-5s tw 8) 1958 34 M M&N Textile Crafts Bldg 6s w s 1944 Trinity Bldg 5M« >94*. J&D Trinity Court bldg 4s 1941.M&S Stamped Park Ave Bldg 4-5s 1946.J&D 2d fee 3s 1946 Ann Dec 15 40 36M - - - — 45 80 48 — «• 11M 27 83 m 32 Tyler Bldg 6s (w-s) July 1 1953.. U S Realty & Impt 6s 1944. _J&J «• 14 23 Lexington Ave 2 M-4s '50.F&A 29th St Powers bldg 3s 1942.. f 2124-34 Bway Bldg 5M» —-1943 f 2480 Bway Bldg 2d mtge 3s 1044. 27 11 37M 25 — - — ~ 12 - - - • «•« - 30 Van Sweri.igeu Co— 1st 6s 1935 F&A f <* coll s f As 193« A&O f Sweringen Corp 6s '35.M&N f Varick St Sta P G (N Y) 6s 1941 Feb 43 Non-cum inc 5s 1954 Wall & Beaver St Corp— 53 X 34 X 1st 4 Ms w-s Nov 1 1951..-J&J Warner Bros Hollywood Thea— 33 53 M 36 1941 M&N Washington Properties inc 7s 1952 43 , 32 25 Non-cum inc 6s 1958 J&D 1088 Park Av Corp 2M-5s'53 M&S Income 3-4s 1950 Ann Waldorf Astoria (Hotel)— 64 / / 31M 101 7M 6M 20 23 3 2M 64 65 Wallbridge Operating Co (Buff)— 45 41M 51H series C2 income / Bldg (Boston)— 6 ! series CW-1 cum W-S 1956 1947 5 5 Ms series B-K 1st Income 5s Stone & Webster 5s — Wabash-Monroe Bldg 6s 1953 J&J Wadsworth BldgvN Y]) 6s '63 A&O 32 M M&S f 1st 6 Ms 93... - - 54 15 21M 21X 17X 19M 85 58 M 73 59 M 75 A&O 26 28 A&O 15 20 7s 1940 33 43 Westlnghouse Bldg 4s 1948-A&0 Woodbridge 55 M 1900 Rlttenhouse So (Phila)— 30*4 2M (Chicago) 25 York Title & Mtge— 6*4s 5*4s 5*4s 5*48 6M Steuben Bldg (Chic) 6s 1943 M&S / Stevens Hotel 24 5*4s series B-I 15"" 20i. 87 M&N f Van F&A 5*4s 1937 New 1942... 1st 54 1st mtge 2-5s 1955— _J&D N Y Majestic Corp 4s (w-s) 1956 25*4 39*4 5 Ms .. 6 Prop 4s '58.J&D Metropolitan Chain Properties— 1st conv s f 6s 1948 M&N • Midland Invest 25 3 101M 8»f ~6M 31M 92 Merchants Nat 5M 2 Inc— ..J&J 25M 6 2M 65 84 Temple 5s 1942 Mercantile Properties, 1 42 31 Marsh all-Wells Bldgs 6*4s'47 F&A Mayflower Hotel. IJ O) 6s 1950-- 55 80 55 Macrid Realty 3s Madison Inc (N Y J&J Nominal, 6M 23 24 v 75 20*4 n 65 M 81 6Ms'40.J&J/ ai«. in. 62 35 28 / Flat price, 69 22 58 33 19 J&D J&D .J&D / 22 On Sept f 22 25 Stamped 4s 1949 Bldg. (Sac Fran.)6s'51 F&A St Charles Hotel (Atl Cy) 6Ms '45 / St Louis Post Off 5 Ms 1938.A&O / San Fran Paramount Corp— 5s, 1943 ——J&J 20 M 40 63 5th Ave & 29th St Bldg 6s 19485th Ave & 55th St Bldg 4s '55 w-s 500 Fifth Ave 6 Ms 1949- Russ Lombardy (The) 6s 1942--.M&N London Terrace Apts 3-4s'52 J&D Lord Bait Hotel g m 6*4s '45 a<v<> Lord Nelson Hotel s f 4s *47-M&N 60 35 51 Fifth Ave 4s 1943 6 38 Stanley-Mark Strand 0Ms 1941 Stan lev Kea. «.*i 5^8 '45 J&D Eppley Hotels 1st sf3-5s 1951 J&J Equitable Office Bldg 5s 1952 Deb 5s Legended 1952 Ferry Station P O (San Fran)— Ext income 3s 1952 J&D Film Center Bldg 4s 1949 A&O 5th Ave & 28th St Bldg 6 Ms 1945. 15 Park Row 4s w-s 1952 68 State-Randolph Bldg (Chicago)— 24 -. 68M 24 M&S / 1st 6*48 1945 M&N 80 Broad St Inc 4s Nov 1 1956_. 80 John St extd 4s 1950 A&O / 870 7th Ave 4Ms Jan 1 1957- — 70 X 1941—M&N / 43 M 81 Robert Treat Hotel (Newark) — 2-6s July 1 1956 -An Mar / Roxy Theatre 6 Ms to 1940.A&O / 1st 4s 1957 M&S 97 Marcy 4s 45 Deb 5s series A 1959 M&S Income deb 6s ser B 1959 .A&O Rittenhouse Plaza 2 Ms Jan 1 1958 79 Bldg 6s, Mark Hopkins Inc— 1st income 6s Feb 1 1952 new X 75 Properties— 96 Office 99 M 11 West 42d St Retail 76 & 10 30 Edgewater Beach Apts— Liq Tr inc 6s w-s '50 Ann Oct Edgewater Beach Hotel (Chicago) Cum inc deb extSMs 41-.M&S / 11 Park Place Corp 4s 1948 M&N 4 SnnifMiri 27 97 M Detroit Leland Hotel 5s Oct 1 '52 Dorset Hotel 1st partic 2s 1957.. Drake (Phi.a) 6s w-s 1959 / Eastern Ambassador Hotel units 12M 18 Schuyler-Hudson 4s 1947 69 M / 28 Detroit Hotel 6 Us to 1941. 1st extended inc 5® 1950.-J&D Loew State Bldg (Los Ang) 6s '42 Loews Theatre Rlty 6s '47 M&Si' 8*4 '"-"'<ki\n) s 6 W* 37 Sevilla-Bllt Hotel 7Ms '37 ctfs... / Mtge & Title— f 3M-5s... 1940 Cromwell (Oliver) 6s 1939-M&N / De Paul Hospital 1st & ref 3-3M-3M~4s 1939-1947--Q-Feb Bldg Corp 1st / Pennsylvania liidg 6s 1939 M&N / Pierrepont Hotel 3-4s 1951.-J&J Pitts Hotels Corp 1st 5u,» 4*M&S Mtge cum Inc 5s May 1962. Conv cum inc deb 5s May 1967 / Voting tr ctfs for common. Poli-New England Theatre— 1st s f 5s 1958 M&N com stock 6s debenture 1951 56 stock 1963 Mtge Co (Newark)— (w-s) 5s 1948 A&O Manhattan Court & Re n®"* 19 35 Without 65 M / Cum inc 55 52 Columbus-Venetian-Stevens Bldg (Chic) 1st leasehold inc 3-58. 1955 M&S Congress Square Hotel 'Port Mei 5M« 1946 M&N F& Guar 5*4s ctfs of deposit.. Loews Midland Theatre Construction— 1st s f4-4 Ms 1948(w-s) —-A&O Colonial Apartments 6s 1937 F&A / 4s 1951-. 5h8W» 1963 Park Crescent 6s (w-s) 1955 Park Lexington Co Inc— 53 Bldg Corp— income 66 52 f 3s loan ctfs 1955 F&A —Ann Oct / Schulte Real Estate tts 1936— With stock J&D / Bldg— 1st fee 4-5s 1948-- 48 Bway Corp.— Savoy-Plaza Corp— 3-6s (w-s) 1956 Lawrence Hotel Lefoourt M »nn*t 38 1947-A1&JN Income 5s Oct 1 1943 J&J Repub Bidg(L)env) 3-6s'49.J&D Hotel Taft Corp 5s Keith Memorial s ti> Realty Assoc Sec Corp— Hotel Syracuse Inc 3s 1955--M&S 9 Mux) Paramount 48 (San Fr) 5s '45.F&A / 2.5 68 34 Palace Hotel Quincy Station P O (Chicago)— 23 51M 32 M 7M - 47 66 32 M 75 46 M 39M 13 M 48 M 21M 1947 1958 48 Hotel Drake Corp inc 3-5s '53F&A Hotel Lexington units 4s '55.M&S Hotel St f ctfs 4 %s (w s) 46 24 Rldg Hotel Sherman Inc 1st 5s '57-Apr 22 s 47M J&D 1st fee & l'hold 6s 1942 Herald Square Sec Gen income 5sNov 15 '83. J&D 14 Provident Loan Society 6% ctfs.- / 115 Prudence Securities Corp— Income 5Ms ser A 1961..M&N 56 M 20 102 M Hearst-Brisbane Properties—■ 1st fee & 1'hoid 6s 1939-41 J&D 46 30 M&N *51 M&N Hartford Times deb 4 Ms Bellevue-Stratford (Phila)— 20 26 Y C) Greeley Sq Bldg 6s 1951-- 19 13 1942 1st mtge leasehold sf 3s '64. J&J Park Place Dodge Corp 6s 2-s '52 25 28 49 110 So Penn Ave (Atl City)— 6s 1944 J&D 165 Broadway Bldg 5 Ms '51.F&A 1st M Grant Bldg (Pittsh)— :::: 2M 17*4 8 39 M&S 1938--M&S / 1st mtge 2-4s 1952 Granada Apt Bldg 6s 87 M 11 7 36 M J&D / 1940 to Governor Clinton Co Inc (N 48 46 Income 5s June 1 44 M&N / J&D / 103 East 57th St Bldg 6s '41 103rd & West End Ave— General s f 7s 1941 -F&A Ore Paramount Corp 4s '57. M&S Orpheum Th & Rltv 2-6s *46 M&S 85 22 M 64 1st sinking M. J&J 50 Broadway-Barclay Inc—• 1st, 2d 1956 In June Bway Mot Bldg 4-6s 1948--F&A Bway-Spring Arcade Bldg— Non-cum 3-5s April 1 "57-J&D Bway & 38th St 7s 1945 ..J&J Bway & 41st St Bldg 3 M-5s 1944 Bklyn Fox Corp inc 3s Oct 1 1957 f 23 J&J 99 Income 7s 1950 w-s. _M&8 Book Tower (Det) 2-5s *52-(w-s) Boston Parcel Post 3s Oct 1945.. / Boston Postal Serv 5 Ms '38. J&J / - Garrett Buildings (Chicago)— - 1st 5s (Brooklyn) 1947—F&A 1st 5s (Long Isld) 1951 A&O, Beacon Hotel inc 2^s Apr 1958-- / Ben] Franklin 6s ctfs 1933 Berkeley-Carteret 5 Ms "46.M&N Blng & Bing deb 6 Ms 1950 "&S - 2M Corp) 1st 2 *4-4s (w-s) 1949 1944-. 6s 51 47 A&O / Bait Parcel Post 5 Ms 1949 Bauman (Ludwig)— —J&D / 52 - - Olympic Inc (The) Seattle— 1st 6s 1943 M&N One Park Ave 2d s f 6s *51 __M&N Haulages 2*4-5s 1957 (with stock).-J&D Graybar Bldg (Earn offices mo¬ ist m Ieaseh l°4A J&I 5%B 1935— 22 22 1 22M Bid. Bonds. Ask. Fox St Louis Theatre nidK- Realty— Store 1st mtge coll 5M» 1957—-J&J Cum income 6s 1957 A&O Adj / 1956 M&S / 40 Wall St Bldg 1st 6s 1958-M&N 42 Broadway Bldg 6s 1939—J&J 48 St Real'n Corp l-4s Mar 1952 1400 B-way Bldg 4-5s 1948-J&J 1410 B'way Bldg 3 Ms 1941.A&O Fox Det Theatre 6s 1942 A&O / Fox New Academy of Music 1st leasehold 6 Ms to 1941,M&S Fox Theatre & Office Bldg Income 3s 1957 / 40 Exch Place 5*4s 23 1st income 5s 1500 Walnut Corp (Phila)— 1st 6s 1950 A&O f 1528 Walnut Corp 6s (w-s) 66 32 — Cum income 2-6s July 1 1955— Allied Owners Corp— Bid. Bends. Abraham Lincoln Hotel (Reading, Pa) 1st extd 4-5s 1945 A&O Albany Metropolitan 5-6s 1949 Alden (Hotel) lst3-5s 1957—F&A possible for the closing day of the month preceding the date of issue Ask. Bid. Bonds. as near as 101 ESTATE BONDS EEAL 46 i»ub 6M* 41- Banks & Trust Companies STATE AND NATIONAL BANK STATEMENTS Quotations in this department are given per share, not per cent, except for stocks of Canadian Institutions, and are possible for the closing day of the month preceding date of issue, though often are nominal. An asterisk (*) denotes as near as sales. Figures of deposits, capital and profits for the National banks are from the Comptroller's last call; for all other insti¬ required. 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. Notional Banks March 29 State ALABAMA Capital Institutions National Banks March 29 March 29 CALIFORNIA State Institutions March 29 Cross Surplus & Profits Par Deposits Surplus A Profits Ask Bid Capital Cross Bid Par Deposits Ask Nomi nal. Birmingham— $ Per 12$5.000 Common 106,428 1,975,668 600 000 Bank for Savs. ATrts. Birm'ham Tr & Sav 1,234,195 28,572,102 fll.743.000 Industrial Sav Bank- d 125.000 First National Bk— Common 3,000.000 Preferred PreferredMobile— _ - -- 6,400,000 - e 81,700 59,976,712 J25 \25 1,000.000 2,725,391 24,107,532 19,790,772 300,000 1,000,000 Alabama Nat Bank. First Nat Bank Union Bk A Tr Oo— 264,779 815,078 4,339,769 18,438,077 Preferred g* 25 27H 20 24 25 25 20 58 10 12 10 13 60 83,037 1lH 400,000 120,000 200,000 350.000 Selma National Bank Selma Tr A Sav Bank National Banks 215,559 2,607,667 1,621,631 1,689,761 1,505,956 71,019 211,660 119,909 100 25 250,000 209,912 First Nat Bk of Ariz. Phoenix Sav Bk A Tr Valley Nat Bank— 550.000 913,437 172,269 mon 247,500 3,710,150 600,000 1,209.000 J 1,420,388 250.000 ... 16,603,444 t 20 4,479,308 t 25 452,806 38,253,255 15 16>* National Bon ks 275,000 600,000 500.000 First National Bank. Merchants Nat Bank Little Bock— Commercial Nat'l Bk Peoples Nat'l BankTwin Oity Bank.—_ Union Nat Bank— „■ Common........ Preferred W B Wort hen Co.. Pine Bluff- 124,348 556,361 585,853 300.000 200,000 100.000 537,836 136,870 0 re cent sa les 100 2,611,550 7,001,234 9,682,107 359,288 10,433,120 N 100 100 25 20 9,451,295 3,467,976 1,163,896 50,000 I 50,000 400.000 99,010 927,878 25 sa J7,286,751 600.000 874,004 4145,000 i 126,643 120 564,700 1 435,300 185,453 9,222,189 (100 tioo 200.000 545,039 689,940 4,357,136 10,820,094 2,418,720 100 100 100 35 37 1.000,000 375,000 National Banks 2,189,595 1100 1100 I Colorado 5,000,000 Savings Bank... 11,196*323 100 350 340 16,919,804 3,214,960 100 105,070,461 125 N 50 share. 20 100 557,243,553 '25 2,653,449 38,157,323 50 9.000,000 2,500,000 Bank of Commerce. 329,100 2,000,000 300,000 62,972 2,047,705 271,140 2,805,809 45,240,938 11,386,407 22 H les 23 X 300,000 468,179 5,693,495 J 787,947 13,135,031 25 \25 45,503 291,355 2,164,813 3,511,976 22 M 380 23 H 392 46 >4 47 94 98 100 Security Nat Bank.. State 51 * mmmmrnm m mmm mmmmm N o re cent sa les Institutions March 29 50 25 j 20 100 143,467 1,655.889 share. 20 100,000 \ 106,775 2,341,295 /100 340,748 419,993 6,926,413 8,877,557 100 100 100 500,000 350,000 587,768 113,138 8,492,556 5,393,759 50 100 Denver- American Nat Bk... 1.000.000 \1,671,451 500.000 60.000 i 125,534 1,260.000 1,806,810 1.500.000 3,803,777 37,541,064 1100 tioo 100.000 100.000 550,0011 500.000 7 S National Bank. International Tr Co PuebloFirst National Bank Vflnnequa Bank. 2,344,453 2,270,169 1,755,339 31,965,684 56,523,731 1,186,349 755,476 25,935,954 17.607,195 500.000 30.000 Denver Nat Bank... First National Bank National City Bank. d d Onion National Bk Common 1,188,737 159,054 19,131,718 1,989,796 100 J 100,192 4,982,452 Preferred (100 * 30,607 30,699 100 50 100 N o re cent sa lea "ioo 100 100 100 .... UOO Sale price. t Controlled by tue Transamerlca Corp of San Francisco. Calif. a Outstanding preferred stock consists of $1,043,300 1st pref. of $20 par value and retirable at $50 a share, and $700,000 of 2nd pref. stock. c e 13 i 100.000 200.000 . Savings deposits. d Common and 450,000 550,000 150,000 300,000 3254 49 Pueblo Sav A Tr Oo 100 . Farmers A Mer Sav Pasadena— Citizens Coml Tr & S First Tr & Sav BkCommon........ Preferred.. Pasadena-First N Bk d 305* 100 73,000 800,000 300,000 . o re cent 140 Preferred..... Union Bank A Trust. OaklandCentral Bank 315 Per 50.000 Preferred Oslorado State Bank State Institutions March 29 4,325,000 111,223,307 5,468,412 123,987,303 131,834,710 282 |20 Spgs.-^- Colorado Sav bank Colorado Spgs Nat B Common. Preferred class A.. First National Bank. Citizens Nat Trust & Farmers & Mer Nat 3,000,000 8ecur-First Nat Bk— Common..... 24,000,000 10,477,693 COLORADO March 29 Exchange Nat Bank. sa |3,419,329 142,079 273,211,080 100 p Nom inal Los Angeles— California Bank— 8,673,799 250,743,119 390,106 5,882,229 33 Per 5,000.000 300,000 3654 CANADA (page 111) 52 50 Long Beach— Common........ Preferred 34 1,682,337 i2h les 50 30 Nomi nal 640,360 245,141 ..... 8K 85* 128^ 135 l2il 25 17,323,141 CALIFORNIA Farm A Merch Bank 1,000,000 Western Tr A Sav Bk d 225.000 20 80 7,500,000 7,500.000 ...... Colorado Nat Bank Common March 29 6,701,837 189,860,313 Common.. Preferred San Jose— First National Bank. Santa Ana— Commercial Nat Bk. First National Bk— Common........ Preferred. Stockton— First National Bank. Stockton S & L Bank Union Safe Dep Bk.. Central Sav Bk A Tr d National Banks 90 125 9,000.000 1,200.000 .... Preferred Simmons Nat Bank. 90 100 50 o Nat Bk of OommercCdnmon 100 354 25 re cent 120 382,773 8,561,970 3,047,628 mm *>mm 2H institutions March 29 46,970 300.000 \ 185.500 d- 667,500 i25 100 10 0 Fargo Bank & Nom tnal. Per share. Fort Smith— Oity National Bank. 12,946,871 0 lee 8\ate ARKANSAS March 29 811,374 208.110 59,310 . 3,796,046 24,718,127 Union Trust Co Yokohama Specie Bk American Tr Co— ... 9,823,742 sa 120,830 Bank of Calif, N A— 6,800,000 8,260,652 110,507,099 Bank of Amer Nat Tr & Savs Assoc 50,000,000 64,846,241 1361884880 Bank of America 1,500,000 /2,217,422 18,854,965 ........ Tucson— Sou Arizona Bk & Tr re cent 100 Anglo California Wells 100 N Preferred 100 N 100 100 110,999 500,000 3,366,868 100 1,000.000 301,359 100 "212** 216"* 4,618,92-2 Canadian Bk of Com 174 1,300,000 515.111 16,519,447 100 171 Crocker First Nat Bk 6,000.000 325 8,246,549 133,245,140 100 290 The San Fran Bank. 6,000,000 t8,877,874. 161,862,873 1000 10,500 11000 Pacific Nat Bank d 980.000 370,382 7,464,708 100 110 125 Institutions March 29 Bisbee— 100 764,449 490,000 600,000 200,000 United States Nat Bk San Francisco— 30,220,685 1,859,874 5,489,305 1,263,248 Bank of Canton Bank of Montreal... Nomi nal. Per share Miners & Merch Bk_ Phoenix— Oon 100 90 100 100 State ARIZONA March 29 Preferred 1,674,639 181,605 134,758 62,244 National Bank... dl8,000,000 2,311,420 \m 15 Selma— City National BankPeople's Bk & Tr Go. Merchants Nat Bank Sumitomo Bk of Cal. San BernardinoAmerican Nat Bank. 175,000 San DiegoFirst Nat T A S Bk.. dl ,500,000 San Diego Tr A S B Common 250,000 Security Tr & Sav Bk 100,000 I 40,000 Common 48 $ $ 961.250 60,000 246,000 145,000 Citizens Bk of Sacra- 100 176,556 1,437,011 1,693,083 375,000 1,000,000 Amor Nat Bk & Tr Oo First Nat Bank Merchants Nat Bk— (Sa° 1,194,217 |1,402,871 Sacramento— Capital Nat Bank... 50 22H Nom inal Per share. share. preferred stock outstanding. May 19. 1938. / June 30. 1937. g Quotations for the San Diego First National Co., which controls 97% of the stock of the First National Trust A Savings Bank of San Diego, Calif, i Dec 31. 1938. k / Last sale price p Par value 100 yen. Sept n 28. 1938 New stock. AND TRUST BANKS June, 1939] National Banks T*1 CONNECTICUT ^MarchM071* March Capital Surplus & Profits Ask Bid Par State FLORIDA March 29 Surplus & Profits Gross Deposits 103 COMPANIES Capital Institutions March 29 Qross Par Deposits Bid Nomi nal. Per BridgeportFirst Nat Bk A Tr Co Common | 258,125 Black Bock Bk & Tr. 500,000 1,470,000 a 100,000 Brldgep't City Tr CV. 2,200.000 1,253,510 25,000 122,500 84,448 Preferred 142,000 $ 22.517,405 1 6 \7% 40 1.600.00C 25,291.243 share. 6 7 "35" 45 25 30 32 f 25 75 86 North End Bk & Tr Common 1st preferred ... 2nd preferred West Side Bank— Common.... Preferred I100 ....... . 1,760,667 j 250,448 25 / 25 30 UOO Hartford— 225,937 1,260,021 1,029,645 140,321 4,444,389 300.000 150.000 1,150.000 100.000 4,000,000 100.000 1.600,000 Conn River Bkg Co. First National Bank. Glastonbury Bk A Tr Hartford Nat Bk & T Industrial Bank Phoenix St Bk & Tr. East Hartford Tr Co Hartford-Conn Tr Co Park Street Tr Co.. Riverside Trust Co. Slmsbury Bk & Tr Co 200,314 2,110,040 143,110 100,000 4.000,000 100.000 125.000 50.000 I 60,000 500,000 200.000 _ Travelers Bk A Tr Co West Hartford Tr Co Windsor Trust Co Puritan Bk & Tr Co. New Haven— Amer Bank & Tr Co. 24 267.679 "29" 27 25 60 100 280 "29" 25 "62" 25 66 50 25 "l4" 11 25 43 20 J 25 Hod" i/foo" 11,004,704 3,507,490 1,556,730 100 100 25 35 6,786,674 1,601,917 25 25 10 25 44 100 100 110 100 125 135 35 40 130 100 mmrnmm mm 217,665 5,572,775 20 245,679 5,693,177 100 200,000 f 926,688 8,811,526 100 400.000 200.000 459,197 5,409,051 3,229,385 100 175 190 100 105 no 132,000 First National Bank. 20 68.000 8t. AugustineExchange Bk St Aug St Augustine Nat Bk St. Petersburg- 149,323 50.000 38.516 200.000 43,599 1,118,222 2,227,638 •100 200,000 303,213 9,198,519 25 100.000 1,250,000 37,928 564,649 80 100 100 105 125 ,065,324 879,295 16,173,798 17,653,515 100 First National Bank. a1.300.000 First Sav A Tr Co 500.000 West Palm Beach Fla Bank & Trust Co. 100,060 100 125 150 60 75 Florida Nat Bank... Tampa— Broadway Nat Bank 100 166,607 1,864,662 100 59,905 1,560,671 100 277,602 6,763,222 100 a 227.500 166,668 2,625,444 100 90 100 d 200.000 10 ' 15 1 79,423 108,380 25 21 Nationa 1 Banks 18 State GEORGIA March 29 Institutions March 29 Nomi nal. 756.000 1,068,957 27,413,738 J 45 100 Per 645 125 "l20" 800.000 1,008,316 8,462,963 50 50 53 760.00c 935,725 11.542,712 60 70 73 Preferred 170.000 180.000 j 83,531 1.000,000 Nat Bk of Commerce 1100 4,694,459 100 N 91,461 218,664 44,603 2.517,187 50 re cent 1.964.856 100 sa les 867,447 100 660.000 435.088 3.286,647 25 19 200.000 171.952 1,578,111 100 110 300.000 a Norwicta— Thames Bk A Tr..Uncas-Mercb Nat BV 2,878,855 750,000 r5,000.000 e 400.000 567,360 3,402,153 155,525 ^olumbus Bk A Tr_. First Nat Bk of Col., 120" 75.000 200.000 Merch A Mech Bank Macon— r5.000.000 City Bank A Tr Co.. 110.000 500.000 First Nat Bk A Tr Co $ Trust Oo. 1,403.815 695,064 971,922 1.000.000 200,00( 700.000 100 12,906,667 5,504.297 9.777,463 145 100 155 "145" 255 265 "700" 716" 100 9,052,408 89,104,077 3,133,305 14% 30% 149 155 tio 13% 100 89 100 14% 6,327,387 1,743,918 2,051,380 1,249,786 3,016,209 89,104,077 1,434,000 6,751,955 tio 248,382 100 110 100 80 100 85 128 100 123 35 100 210 100 ■ 40 225 133* 14% 100 10 Savannah— 250 100 33,869.265 /100 U00 100 3,646,361 100 29,438,661 3,402,153 100.2G0 •200.000 300.000 GUIs A So Nat Bank. Nst'i Fl&ellty TitleATr Co 133* 29 M 10 778,237 119,508 149,875 42,748 346,000 850.000 e (fourth Nat Bank. Home Savings Bank. Stamford— Stamford Trust Co. tio Columbus— 270.000 344,800 a Union Bk A Tr Oo. AugustaGeorgia RR Bk A Tr 0 307,999 990,000 / a nitiz A So Nat Bank. Nat Exchange Bank. 102 98 100 542,036 300.000 15.534,419 j1,042,680 475.000 _i Trust Co of Georgia. e2.000.000 2,921,588 M00 1,174,568 100 683,000 200.000 / 113,3CC 89,104,077 r5,000.000 3,402,153 5,400,000 4,761,918 110,701,072 Common.. Ga Sav Bk A Tr Co.. l.458.70< share Fulton Nat Bank- 35 33 50 ( Atlanta— American Sav Bank. Citis A So Nat Bank. First Nat Bank Bk Common Cltiz A So Nat Bank 155 Liberty Nat Bk A Tr Savannah Bk A Tr 3,402,153 181,471 500,000 655.000 89,104,077 10 4,551,366 100 80 264,365 r5.000.000 a 4,087,329 100 50 60 1,555,460 100 30 50 13% Citizens Bk A Tr Co Water bury— 600.000 778,098 250.000 1 264,000 160 25 1 32 231,141 100 Common Preferred... Colonial Trust Co 32 4,957,895 ( 3,192,637 ann nor 8,628,897 100 3,312.322 100 55 I 200 188.427 1.000,00(1 W»*«rhurT Trust On 130 000 25 11,374,431 Waterbury Nat Bk— ........ 200,000 debentures Cttls A Mfrs" Nat Bi Common 11,070,818 2,785,769 18,233,225 100.000 160 47.532 5,707 1,461,387 100 a Preferred Cn AN Haven Tr Cr New London— Bank A 30,124 672,198 Preferred Florida Bank Palm Beach lantic Nat Bank 20 15 145 New Haven Bk NBA Second Nat Bank. First-Stamford 125 W eat Palm Beach At¬ 170 381,708 920.000 Wlnthrop Trust Oo. 125 100 100 300.000 Exchange Nat Bank. 500.000 150,000 100.000 150.000 441,000 New London City National Bank.. share. 100 Pensacoia— U00 819,471 Per 3,349,756 36,636,800 100,000 400.000 r American Nat Bank. Olt A People's Nat Bk 127,851 Prior preferred Oonv preferred Nat 961,024 115 55 26 127.934 816,751 77,826 333.840 103,465 100,000 National Bank... 500 50 10 68,665,174 263,530 36,727,112 1,934,853 44,556,811 3,252,919 3,180,752 1,905,484 59,474 21 30 100.00(1 First Nat Bk & Tr Co Common Trademen's 202,005 179,600 130,437 250.000 80 End Bk & Tr Co— Common Merlden— Rome National Bank Merlden Nat Bank.. Merlden Tr & 8 D Co 4,416,555 25 100 3,196,183 8,002,253 14,827,402 1,700,769 $ $ 200.000 1,200.000 Common.... 165,000 99,500 ... Capitol Nat Bk A Tr Preferred Miami— Amer Bk & Tr Co... First National Bank. First Trust Co Florida Nat Bk A Tr Little River Bk A Tr Miami Beach First Orlando— First Nation'l Bank— 1,537.430 U00 25.000 Ask Nomi nal. National Banks "65" J 104,460 State IDAHO March 29 Institutions March 29 Nomi National Bonks DELAWARE March 29 State Boise Citv— Institutions Common Nomi nal. Per WilmingtonCentral Nat Bank... 308,872 210.000 Farmers' Bank Industrial Trust Co. Union Nat Bank.... 4,010,329 500.000 1,336.630 661,538 203.175 866,404 1.000,000 1,500.000 n2,740,417 1,001,528 672,600 4,000.000 12,012,166 625,000 Delaware Trust Co.. Equitable Trust Co. Security Trust Co Wilmington T'6o . Per Idalst NatBk ofBoise March 29 2,167,758 100 110 18,049,846 3,053,196 50 share. 750.000 . Preferred First Security Bank Boise Trust Co 588.000 al.100.000 j, 764,004 1,236,817 125.000 50.645 22,170,149 100 N o re cent 67,622,126 78,914 100 sa les 100 300 25 25 3,348,048 10,693,049 100 41% 70 165 60 National Banks 75 19,048,576 9,389,806 25 60 125 135 67,173,081 50 214 220 State ILLINOIS March 29 Institutions March 29 63 Nomi nal. Per share. Aurora— 100 N o 246,447 3,829,596 4,985,394 100 re cent 63,392 3,212.603 100 sa les 1,377,509 100 300.000 48,277 227,572 2.938,308 100 30 350,000 150.000 281,825 174,496 5,988,154 100 250 275 2,428.307 100 125 150 400.000 a 1.600.000 119,203 100 20 30 1,377,662 100 200 208 200 onn 149,102 3,448,216 53,427,484 5,033,804 40 20 25 102,188 87,424 30 80 35 "TOO 160.000 192,462 a 300,000 379.300 a 100.000 Aurora Nat Bank.. VI erchants Nat Bank *>id Second Nat Bank BellevilleBelleville Nat Bank. National Banks March 29 Belleville Save Bank. D1ST.0F COLUMBIA °'%S»ns First Nationa] Bank. Clair Nat Bank— a St Nomi nal. / . Per Washington— 83,470 a Jity Bank 145,000 a Anacostia Bank 475.000 / 387,259 250.000 549,868 310,511 933,277 407,669 871,024 210,870 Columbia Nat Bank. Bank of Co mm A Sav Hamilton Nat Bank. 100.000 1.000.000 500.000 Liberty Nat Bank... Lincoln Nat Bank McLachlen Bkg Corp 400.OOO a 345.000 1.050,uou 200,000 800,000 100 1,824,561 9,061,530 4,956,342 3,463,352 26,403,696 7,315.845 11,152,966 5,322,345 10,188,212 2.375,012 26,11C,667 share 160 10 22% 100 197 100 20 29 100 175 100 i380,000 100.000 "31" 60 180 153" Cont Nat Bk A T Co 100 245 260 3.000.000 15.098,441 102,776,720 1100 Preferred 1,100.000 UOO a Second Nat Bank 436,454 8,601,177 60 557.500 384.064 Secur Sav A Com Bk a 100 528.000 8,205.677 Amer Secur A Tr Co. 100 3,400,000 5,236,476 51,630,604 270 280 196,672 1,805,472 Riggs National Bank Common 4.000.000 10 Preferred 1.500,000 250.000 Oosmopolit'n Nat Bk a 507.379 69,094 76 78 5 33*1 145" 3311 3,080,938 3,038.416 * 18 107 100 425,260 61,948 331 100 135 f 20 15 20 I 30 40 27 31 District Nat Bank— 102% 57 63" 1,000,000 12,053.753 500.000 J 2,000,000 1,198,833 1.000,000 1,820,110 1,000,000 2,476,867 Common Income debentures Munsey_Trust Co Union Trust Co Wash Loan & Tr Co. 17,000,677 1100 1 165 Drovers Nat Bank 262 First National Bank 205 185 100 80 80% 230 I-C National Bank.. "85" • 250 | 100 100 150 160 212 200.00t 777,686 5,148.845 100 170 217 180 200.00< 248,921 44.390 87,675 6,219,992 2.241,084 100 100 143 153 42 50 2,935,354 11 12 15 000 Hamilton State Bk. 50 24,314,022 98.000 442.500 186 729 7,062,709 nnn.ooo 994,265 24.794,582 30 000.000 36,062,537 853,910,566 a "tret Nat Englewood R alsted Exch N at Bk 100 10,589,269 Preferred Drexel State Bank. 158 — 5.931.530 102.000 Common 250 Nat Sav A Tr Co- a nor 200,000 8ale price, t Branch of Savannah. a National Banks FLORIDA March 29 Stat* Includes preferred stock or debentures outstanding ft Retirement price. Institutions March 29 c Sept. 28, 1938. d Member of the Atlantic Group In Florida. Nomi nal. Jacksonville— Per Atlantic Nat Bank.. d3.000,000 Barnett N B of Jack1.500.000 Florida Nat Bank. . Spr'field Atlantic Bk 90 15 100 10- 50.000.000 136736729 1098 976307 25.000.000 Common 121 684,582 6,424,525 2,350,961 189,954 7,975,037 3.044,756 122.418.763 300.000 Oity Nat Bk A Tr Co Oont 111 N B A Tr Co 143 Wash- a Beverly State Shv Bk Central Nat Bank... 100 Bank of State Avenue St Bk Oak Pk 100 Nat Nat Capital Bank— Nat Metropol Bank. Bank.. Am Nat Bk A Tr Co. Aetna 205" 200 50 Chicago— Austin State Bank 263 100 <71.500,000 50,000 1,082,079 1,376,986 1,309.488 28,099 52,786,071 27,599,287 37,349,557 995,697 100 165,526 2,030,336 25 10 100 25 share. e 1938. Member oi the Florida National Group. Barnett National Bank of Jacksonville k New stock I Last sale. a h Affiliated with the n r Lakeland— Florida Nat Bank— <7 Affiliate of the First National Bank of Atlanta. Ga. /Dec. 31, April 30, 1939. Combined statement. t Trust funds. 100.000 y Stock all owned by Travelers Insurance Co x Ex-dividend. Fla. BAMS 104 National Banks March 29 State ILLINOIS TBUST institutions COMPANIES National Banks March 29 March 29 Par Deposits Ask Bid State Institutions IOWA Cross Surplus A Profits Capital AND March 29 Cross Surplus A Profits Capital Bid Par Deposits Chicago (Concl.) Kaspar Am State Bk Per $ 250.000 151,095 320,414 8 (10 12,489,404 4 275.000 325.000 300.000 Oommon........ Preferred — Liberty Nat'l Bank lire Stock Nat Bank Madison-Crawford 11 14 600.000 200.000 200.000 400.000 Metrop State Bank— MId-CJity Nat Bank . 200.000 i 400.000 500.000 500.000 200.000 i i 200.000 500.000 2.000.000 i 750.000 200.000 Farmers & Merch 8 B i Nat Bk of Burlington 400,000 300.000 259,018 78.247 195,220 85,012 86,180 280,954 356,965 375,265 252,668 215,407 366,174 475,358 800.00ft 1,033,575 547.000 468,084 200.000 75,887 200.000 200,000 120.000 200.000 i 298,000 300.000 300.000 200.000 Upper Aye Nat'l Bk. Uptown State Bank. Western St?,te Bank. Amalg Tr 6t Say Bk. Banco di Napoli Tr. Ohic City Bk 6c Tr. i Droyera Tr & Say Bk i Bast Side Tr&Sav Bk Harris Tr & Say Bk. 100 100 100 4,845,135 5,917,698 674.427 57 Union Nat'l Bank... Peoria— Cent Nat Bk & Tr Oo Com Mer Nat Bk&Tr First National Bank. Jefferson Tr &Sav Bk Common 212 105 100 21 26 125 50 Davenport Bk & Tr. 15 50 100 100 25 100 100 100 100 80 90 " 40 175 125 30 Des Moines— 2,000,000 660.000 200.000 I 90,000 150.000 ... 78 140 170 35 31* 65 200 100 50 100 100 100 60 100 100 100 100 85 140 95 150 * 27 22 280 295 52 58 260 130 540 160 270 140 Quincy— B'dway Bk of Quincy HI State Bk of Quincy 19,237,307 125 111,072 2,719,721 125 100 Cent Nat Bk & Tr Oo Common Preferred Des MoinesBk&TrOo i 550.000 1 450,000 150.000 995,588 7,050,476 100 100 rec sa 22,628 280.378 45.381,987 (100 1100 100 291,391 4,824,798 100 300,000 250.000 500,655 143,611 10,054,941 4,565,419 Toy Nat Bank Security Nat Bank.. 400,000 275,000 300,000 250,000 Woodbury Oo Sav Bk 100.000 280,000 281,567 358,892 234,217 86,912 Amer Tr & Say Bank i 8ioux City— First National Bank Live Stock Nat Bank i 73 13,880,274 20 48 50 50 30 Nomi nal. 65 21,513 81,055 3,539,347 100 639,638 156,065 sa ........ Preferred ........ 300.000 1 44,795 45,000 105,972 50 60 100 1,320,737 100 175 268,473 6,016,727 noo 200 489,421 4,792,823 150 000 aiverview State Bk. 35 50 30 40 100 Springfield MarineBk 600.000 130 153,738 248,290 2,233,918 2,787,710 27.499 835.326 i Leavenworth— First National BankLeaven worth Nat Bk Manufac'rs State Bk 160,000 50.000 300.000 40 40 National Banks March 29 50 100 600,000 400,000 77,500 200.000 Fidelity Sav State Bk Guaranty State Bank 175 110 165 100 120 125 Institutions March 29 State INDIANA ' Per 500,000 784,279 193,612 32,484 49,500 i Old National Bank— Common ... Peoples Savings Bk.. Fort Wayne— Lincoln Nat Bk & Tr Ft Wayne Nat Bank Common Preferred. Dime Trust & Say Bk Debentures 43,523 732,069 28,571 356,906 13,942,950 100 14,615,553 1,170,240 1,377,684 1,294,023 934,747 12,100,379 1,723,852 500.000 Mutual nl ,625,000 Franklin Bk & Tr Co i Indiana Tr & Say Bk. 100,000 145,700 / 146,700 n 100,000 500.000 209,000 500,000 I Citizens' Nat Bank.. Citizens Tr & Sav Bk 400,000 380,000 100 100 100 100 First National Bank. Fourth Nat Bank 175 110 110 200 160 125 100 1.126,641 (100 1150 100 125 150 608,294 59,917 191,905 39,561 6,756,695 9.758.136 1,405,1-85 1,579,634 25,352,056 21,214.591 1,003,369 2,356,819 588.602 32,048 75 125 200 101 Iftf 225 100 15,976,920 J 20 re cent I 20 sa les 900,606 13,916,461 2,440,411 100 100 1,000,000 11,389,097 35,967,385 725,000 100.000 104,920 2,245,187 4,000,000 7,876,741 123,907,305 i 200,000 201,140 1,223,880 50,000 846.592 24,054 < 65.000 8,448 470,206 1,250,000 2,295,235 31,569,362 i 300,000 82,686 2,238,012 500,000 445,536 3,301.203 i 282,000 124,565 4,360,232 ( 10 41,115 Fletcher Trust CoCommon 1.500,000 11,035,843 795,000 1,000,000 1,179,155 Security Trust Co... < 399,200 81,087 Union Trust Oo 1,000.000 2,558,867 37,238,671 ..... Debentures Indiana Trust Co... ... 100 125 14H 15M ttlU "253"" 268"" 150 85,318 155,141 357,126 191,277 100,430 . 2,380,544 4,233,817 9,096,156 4,572,105 4,675,739 Per *226" 235" ""57"" (100 148 157 183"" "165 60 70 325 300 4,623,590 5,706,255 5,803,555 1,669.419 100 115 10 15 19 50 28 10 6 35 8 271,865 2,842,931 100 115 125 80,848 1,450,000 10 13,039,715 3,070,308 2,963,617 4,178,511 102"" n n Bank of Commerce— Common... Preferred i 300.000 ... First Nat Bk 6c Tr Oo Second Nat Bank 200,000 350,000 1.000.000 Union Bank & Tr Oo Security Trust Co... 50 100 100 100 300 180 190"" 100 325 335 268 i.000, 000 2.000, 000 1,000 000 Co. <1,975, 000 United States Tr Oo. 525. 000 ,189,912 ,711,342 ,609,345 359,522 49,152 ,041,924 710,010 128,675 ,099,107 105,663 100.000 100.000 137,161 515,361 First National Bank. Liberty Natl Bk & Tr <1,800, 000 S Hjurity Bs nk 300, 000 Kentucky Title Tr Oo el.000 000 ulncoln Bank & Tr 750, 000 Stock Yards Bank... 100. 000 Louisville Trust 63,577,828 1001 8,562,097 100? 100 38,496,281 23,001,784 2M 100 2,632,668 100 4,718,873 100 15,516.223 1,485,819 100 10 15,941,174 1.645,846 100 Sale price. ~~ a Pref. 1,655,816 5,797,488 stock retirement price. o 260 95 2K 142 200 7 5,514,736 (100 1100 Citizens Union Fidelity unified certificates. Affiliated with the First National Bank of Louisville. cent /March 7, 1938. sa les h Member d New stock. of 250.000 | 875,403 17,706,365 ( > 20 10 g June 30, 1938 Northwest Bancorporation. i Common and preferred stock or capital debentures outstanding. I Last sale 750,000 8 35 100 100 e re J 142,427 98 3 115 104 n Dec. 31, 1938. x Ex dividend. 1250 Sept. 28, 1938. c 100 N c Newport— ♦ 100 10 I Louisville— Fidelity 6c Oolum Tr. American Nat Bank. jwport Nat Bank,. 100 | 150.000 • 240,000 250.000 125 Citizens Bk 6c Tr Co. N "16 Merchants NatBk.. share 462,346 326,262 239,467 87,411 1,157,018 379,950 150,000 n 236,491 500.000 563,138 Peop-Lib Bk & Tr Oo Citizens' Union N B. South Bend- 349,000 500,000 745,750 250,000 200,000 o62H State institutions March 31 KENTUCKY 200,000 250,000 550,000 150.000 First Nat Bk 6c Tr Oo 160 103 100 100 100 30,325 Lexington— 75 100 100 3,920,854 23,089,973 100 3,802.767 rti't \ 62*1 50 1.075.137 158,529 Covington— OovlngtonTr&BkgOo I 10 16,351,138 i Citizens'Nat Bank.. 20 100 100 100 100 100 100 100 100 110.000 1 90,000 100.000 Nomi nal. O ' American Nat Bank. 53,899 *100 1,447,333 1,121,454 29,196 245,065 1,000.000 1.000,000 100,000 200.000 National Banks March 29 Indianapolis- — 10,408,604 1101 672,630 559,784 2,178,421 100 110 100 20,669,328 J 509,819 Common...... Preferred Union Stock Yds Nat 150 101 400,000 200,000 i les 160 20 City Nat Bk & Tr Co i First Bank & Tr Oo Merchants Nat Bank < cent Union National Bank 100 Uoo 693,216 100 100 flOO 1,122,593 11,811,805 American Trust Co.. i i Kansas State BankSsuthwest Nat Bank 110 21,782 1,297,448 i _ share. 225 100 150 100 100 250,000 300,000 ..... Gary— Gary State Bank-... i o re sa Wichita— N People's Tr & Say Co N 100 100 8,149,850 1.200,000 ...... 250* 100 420,434 279,142 7,575 70,452 g 80.000 I 120,000 1 50,000 200,000 500.000 100,000 100.000 Preferred Raw Valley State Bk Merchants' Nat Bk. Nat Bank of Topeka State Savings Bank. Topeka State Bank.. Nomi nal. Kvansville— uoo 100 Topeka— Central Nat Bank... Central Trust Co Citizens State Bank. i Common Nat BankCommon.....* Preferred 118 3,240,699 109,000 I 91,000 100.000 Common........ 100 100 100 9,707,631 5,076,312 11,578,990 ...... les 13,185,037 f 10 I 10 168,054 75,089 200.000 75,000 50 120 565,869 318,001 413,517 Preferred...... Terre Haute First 216,971 434,000 First State Bank 35 166 5,738,482 892,895 616,000 1,433,313 500.000 St Joseph Bk & Tr Co Terre Haute— re cent Kansas City— Springfield— People's State Bank. Bankers Trust Oo... Fidelity Trust Oo... 3.136.032 4,622,326 75,903 230,198 Per share. N o 100 100 Oemm'l N Bk of K C Preferred 166*i First National Bank. Illinois Nat Bank... Common 150.000 250.000 first National Bank. 40 63 100 Madison Ave St Bk cent les State Institutions March 29 KANSAS Hutchinson— 1815 100 9.580,626 •4,784,404 8,035,160 Marion Co State Bk. Merchants'. Nat Bk. o re sa 10 6,250,000 5,290,807 A100 6.803,305 100 6,035,525 100 100 2.409,075 ent 71 437,553 290,425 307,919 Fountain Sq State Bk Indiana Nat Bank.. Live Stock Exch Bk. 100 100 N National Banks March 29 les 50 20 200,000 246,000 500,000 Common. Class A preferred. 50 988.998 .... Exchange State Bank 174.000 200,000 100,000 50,000 296,000 Oo Gary Tr & Sav Bk. alOO \100 1,883,573 0 10,259,584 24,133,885 200,000 \ State St Bk & Tr Co. i Bockford— Illinois Natl Bk & Tr Preferred 23,025.253 (100 60.973 1.750.000 I 1,250.000 I 60.000 h 150.000 Common...... Preferred University State Bk. Valley Say Bank Dubuque— First National Bank 170 N 100,000 Peoples Bk of Quincy S'thSideBk of Quincy Lamasco Bank National City Bank. North Side Bank a25 Security Nat Bank.. Common Debentures Mercantile Tr & 8 Bk Swedish-Am Nat Bk. Third Nat'l Bank- 882,555 .... 555 100 1,475,935 100 al00 Bank & Trust Co: 23 55 190 100 2,686,568 f 27,322,450 100 (swa-Des Moines Nat 1<HI 130,475 1,255,762 100 500,000 V 400,000 150.000 Common Preferred 4 125"r 135"" 20 100 100 127,699 100 le o . Common Capital notes..... South Side Tr& Say B 1,985,054 cent sa Oap City State Bank 40 73 130 160 1,416,806 806,812 1,021,721 1,422,916 100 100 83,009 64,000 I 36,000 American Nat Bank, 600,000 1,591,214 N re 100 Bankers Tr. Co- 135 20 1,910,511 61,625 25 100 20 Davenport— 185 100 957,396 2,599,120 4,009,070 600.000 Common.. Preferred State Savings Bank. 100 159,978 195,076 100 (first National Bank. 90 2,604.127 29,913,424 4,480,582 1,050,782 100.000 Coun Bluffs Say Bk. 95 109,423 1,897,828 150,763 i 38,014 150.000 150.000 City National Bank. 207 100 50 100 100 7.914,821 93,875 699,543 170,808 100,000 300.000 100.000 160 130 20 3,515,688 8,091,293 4,868,672 24,445,929 11,743,776 500,000 250,000 50.000 United State Bank.. Council Bluffs— 150 110 2,380,775 3,181,766 200,000 People's Say Bank.. 100 100 100 6,000.000 10,973,453 227,871,386 Lake Shore Tr & S Bk i 354,176 11,241,106 786.000 Lakeyiew Tr & S Bk. 1,314,274 28,570,463 600.000 Mercantile Tr & Sav. 696,929 15,079,429 600.000 Northern Trust Oo. 3.000.000 10,412,565 314,417,699 Pullman Tr & Say Bk 374,485 8,620,096 300.000 Elgin— Elgin Nat'l Bank Pint Nat'l Bank 61 100 54,166 59,289 125,000 200.000 Cedar Rapids— Guar Bk & Tr Co Merchants Nat Bank 210 20 18,729,107 6,032,126 3,333,449 10,243,752 5,985,646 10,647,743 5,600,569 14,897,665 7,976,717 4,224,058 8,382,861 7,179,636 18,432,046 9,423,806 3,109,842 7,531,404 818,647 2,569,733 5,885,732 6,408,825 6,347,380 1,792,132 200.000 110 100 11,837,023 23,515,512 160,520 244,158 1,092,185 229,780 63,902 111,728 152.414 398,640 318,350 916,565 280,606 90,724 311,730 200,000 200.000 Merchants Nat Bk.. State Bk of Clearing. Terminal Nat Bank. Unlv St Bk of Ohio.. 415,604 1,651,791 1,000.000 Natl Bank....... Main State Bank... MerchandiseNat' lBk Milwaukee A v N't Bk Mutual Nat Bk of Oh Nat'l Builders Bank. Nat'l Boulevard Bk. National Security Bk North Shore Nat Bk_ Oak Park Tr&Sav Bk Personal Ln & Say Bk Pioneer Tr & Sav Bk Sears-Ootn State Bk. Bkala Nat'l Bank... South East Nat Bank South Shore Nat Bk \ Burlington- share. 20 2,471,101 Lawndale Nat Bank Ask Nomi nal. Per share. Nomi nat. National Banks LOUISIANA March 29 Statf 105 TEUST COMPANIES AND BANKS June, 1939] ~'uB29k' MASSACHUSETTS Institutions March 29 Capital Ask Bid Par Deposits Gross Nomt nal. Per shart. Baton Rouge— City National Bank Common 300,000 240,000 ... Preferred Louisiana Nat Bank Common... 300,000 240,000 ._ Preferred New Orleans— 125 140 tio 10,357,387 /100 J 506,089 25 110 10,953,944 J 478,122 20 1 1,000,000 1,000,000 Preferred Hibernia Natl Common PreferredNat Bk of Commerce Common Preferred Louisiana SB & T Co Whitney Nat Bank. Bhreveport— First National Bank. Commercial Nat Bk. 22 (20 24 1 COl o< 26 25 72H 150 14 125 104 100 100 100 106 March 29 First Nat Granite Bit d 7,845,000 9,903,289 100 25 8,624,396 7,137,708 439,785 503,267 825,000 701.725 Depositors' Trust Co 100 100 Bangor— Merchants' Nat Bk. 1,000.000 i Eastern Tr & Bkg Co Merrill Trust Co— 200,000 292,905 999,577 35 33 N o re cent 600,000 500.000 Common.. Preferred Portland— Canal National Bank ( 20 20 400.000 500.000 200.000 Common Preferred A_ 75,000 Preferred B 966,545 198,874 6,258,870 2,197,303 100 275.000 191,210 7,654,567 50 169,667 2,633,816 (100 76 105 N Common. ....... Preferred..., National I o.nks 246,640 371,073 50 65 1 J 12,118,390 749,277 40 1 MARYLAND March 29 26 31 40 37 72 c40 50 sa 10 62 tioo "lH 253,088 610,023,782 20 341,136 6,494,306 25 453,656 3,913,109 10 14 626,465 11,023.725 25 21H 3,074,788 f 50 [ 50 3,015,882 100 102"" 25 Lowell— 300.000 1,000,001 200.000 Preferred Manofac'rs Nat Bk. Essex Trust Co Lynn S Dep A Tr Co Security Trust Co... New Bedford— First National Bank. Merchants Nat Bk.. Bait Oomm'l Bank.. March 29 386,064 Baltimore Nat Bank Common 600.000 11,168,842 800,000 1 352,796 370.00# 175,256 287.500 252,494 80.000 212,895 300,000 AH 10 5,081.228 39,122,460 500,000 7 d Canton Nat Bank.. d Carrollton Bk of Bait Commonw'lth Bank. Nat Marine Bank.. Western Nat Bank. Colonial Trust Co.. 4.000,000 400.000 600.000 750.000 400,000 Equitable Trust Co. 2,000.000 568,097 139,308 1,302,308 '85"" 100 10 k 10 10 100 30 20 24 ...... 50 10,254,365 3,763,509 1,533,562 1,215,250 175,919,195 6,203,909 4,906,458 11,997,299 2,036,240 37,522,880 19,147,839 6,659,524 519,167 794,568 .20 110 120 311,769 470,650 *604,896 774,948 425.000 223,560 577,925 493,441 718.000 500.000 100 100 5,492,926 63,686,690 69,245,382 50 2 235 350 48 H 7 60 7,053,096 20 10,286,767 5,778,664 12 H 35 65 200.000 74,102 1,909,759 100 275.000 98,506 3,403,667 50 eianmkeag Tr Co— Common. 250.000 946,927 10 "8" 7 8alem Preferred 6,717,417 I 10 I 10 200.000 ...... Springfield— 723,833 2,911,893 1,349,538 1,905,797 97,986 Siringfield Mat. Bank 42.000.000 1,500,000 1.000,000 1,000.000 194.250 WestSprlng fluid Tr Taunton — Ma chinists' Nat Bk. 10 8 29,291,302 14,598,446 ioo 25 297 13,876,018 2,185,496 25 55 30 2,284,607 4,440,088 100 25 267,455 324,404 200.000 Bristol County Tr... 14,510,525 300.000 55 25 Worcester— Mechanics Nat Bank 500,000 ,1,116,835 375,000 i238,805 300,000 Preferred. Guaranty Blc A T Co Worcester Clo Tr Co Common 1.000,000 ..... 14,198,416 1100 10 "18" 110 11,905,277 634,299,540 110 2.000 000 Class A.. 130 1100 4,998,798 17 15 1.000.000 1,037,221 57 H 75 B8H National Banks 42 H 33 mate MICHIGAN March 29 Institutions March 29 ft* 25 14 100 25 16 18 67 70 13 1.000,000 11,263.790 1,600.000 1,500.000 3,889,020 275,200 600.000 2,000.000 4,321,780 3,000,000 1,693,854 Dep A Trust Co 37,980,907 23,000,763 1,831,441 33.119,171 41,763,337 50 100 100 "245" 10 9H 160,144 5,883,713 100 100 110 70,598 100,000 \i 99,500 230,961 500.00U ..... Capital notes Mercantile Tr Co Real Estate Tr Co.. 1,522,813 125 30 31 6,950,405 50 120 Nomt nal, Per Bay City300.000 400.000 51,906 369,987 2,474,782 6,088,169 100 N 14 People's Commercial A Savings Bank.-. d 900.000 939,122 9,620,423 20 sa Bay City Bank ...... . Capital notes Second Nat Bank... 525 Detroit Bank 9H Liberty Trust Co— 150.000 1 294,000 3,562,275 932,745 515,822 5,053,725 5,358,045 100,000 Capital notes..... Frederick— Cltlsens* Nat Bank.. Farm & Mecb N Bk. Frederick Co Nat Bk 117,667 100,000 125,000 Common 108,140 1,778,439 115 \ 15 100 10 {.!? 15 16 65 70 100 26 re rent ...... 48.30U 150.000 150,000 West Maryland Tr.. 413,743 48,558 4,361,844 1,529,205 MfTs National Bank. 1,800,000 3,610.000 3,000,000 100,000 7,500,000 9,500,000 Common Preferred United Savings Bank Common...... Preferred.... Wabeek State Bank. Farmers A Merc Bk. Nlcodemus Nat Bk.. d Second Nat Bank 90,000 387,000 200,000 150,000 94,588 295,326 242,853 77,254 1,694,967 10 5,705,921 4,011,875 1,785,297 100 o cent p3929 728 309,660 226.340 ...... Ud Guardian TrOo. Flint— J 43,922 250,000 400.000 795,077 342,858 177,511 415,461 Grand Rapids— Central Bank....... 250,000 101,047 Olt Com A Save Bk. dl .000.000 Genessee Co 8avs Bk 1,000.000 10 MASSACHUSETTS ""JZggT Nat Bk of Grand Rap Common Day Trust Co Fiduciary TrustOo.. New Eng Trust Co.. Old Colony Trust Co Pilgrim Trust Co... State Street Tr Co.. U 8 Trust CoCommon Convertible pref.. Winthrop Trust Co'. Beverly— Beverly Nat Bank.. Beverly Trust Co... . 237,685 1.250.000 il ,803,594 d 911.179 500,000 i i .000.001 3,307,232 <5,000.000 5,277,737 400,000 i 437,700 3.890.000 6,654,223 100.000 Common.... Preferred Common Preferred Becond "176" 185 100 12,331,966 f I 2,576,691 260 270 10 12 H 14 10 100 / 39 40 21,423,950 (10 I 10 9,061,757 0433,775 "10 23 24 40 24 42 26 25 22 28 9i 20 21 23 20 18 21 13 j i 10 01,751,400 ( I 10 J 544,130 J .538,537 20,800,601 9,087,965 3,074,527 5,829,433 21 20 10 i 20 16 I 20 - It 1,438,504 11,695,871 18 c20 8,139,843 10 18 ... 20 . ClO Nat . 250,000 1.200.001 372,331 677,369 43,756,922 10 26 10 10 0924,599 2,926,194 01,775,090 20 8 12 50 20 22 20 14 16 357,000 167,605 2,368,746 27,693,262 20 5,911,275 1,250,000 27 15 23 25 2 45 255 A bank Tr Co. 1,000,000 12,079,222 1.375.000 J 121,951 400,000 .. * Sale i n<> Stock has to be offered to board of directors. prire. 6 Includes C savings deposits. Retirement price. d Common and preferred stock or capital,notes outstanding. Sept. 28, 1938. f Convertible pref. stock entitled in liquidation to $20 a share. e 308,785 4,030,303 74,746 b 1,601,950 100 100 640,206 403,557 7,938,407 7,211,998 20 Heme Nat Bank 600,000 500.000 Cambridge— Cambridge Trust Co County Bk A Tr Co. 150.000 i 300.000 668,562 6 6,593,722 487,953 41341,200 1,293,505 620,619,178 100 10 400 10 13 20 69 71 9,721,669 10 160 160 0 1.000.000 600.000 793.827 152 50 Trust balances. 1 Everetc— Middlesex Co Nat Bk 95"" 100 10 25 395.835,585 a 700,000 11,130,477 450,000 1 100.000 141,645 300,000 100.000 Harvard Trust Oo... - Saginaw— Saginaw State Bank. d 50 a400 Brockton— Brockton Nat Bank. _ Michigan Trust Co.. <10 100 $,192,856 82,215,495 - Grand Rapids Tr Co. d Onion Bank of Mich. 100 50 None "85"" Old Kent Bank— 100 2,294,053 12,327,187 2,176,562 32.024,945 50 Peoples Nat Bank— • Columbia Trust Co.. 500,000 180,000 400,000 135,00J Preferred Boston— First National Bank. 27,812.500 52,590,924 652,510,128 12 H 100 Merchants' Nat Bk. 3.000.000 5,670.616 95,130,643 20 Nat Rock Bk of Bob 2,890,185 32,447,093 1,500.000 Nat Sbawmut Bank. 10.000,000 20,862,475 187,686,234 12 H 25 Second Nat Bank.. 2,000.000 4,865,403 87,250,581 50 Web A Atlas N Bk.. 486,443 12,376,870 1,000.000 100 2.000.000 «4,038,821 Boston S Dep A Tr. 35,545,238 20 2.010,000 11,701,205 011,416,104 I 20 I 20 1,000,000 1 0287,868 100 102,143 150,000 695,401 04,120,532 100 500,000 Mercb A Mecb Bank Nat Bank of Flint les I 4,149,219 131,219,780 407,928 30,780 500,000 H1610.399 850,000 407,734 1,200.000 372,903 500,000 Preferred Detroit Trust Co— Common 10 48 20 Equitable Trust Co— Preferred... Highland Park Trust Hageratown— p,200,283 143.261,597 J Nat Bank of Detroit- Bankers Trust Co c25" 110 45 . Common........ Common Common...; Preferred Frk Town 8av Inst. les 50 moo Commonwealth Bank dZ,413,575 nl,789,135 656,755,087 65 Michigan Ind Bank Peoples Bank— Common.. o Detroit— Preferred——— 394,000 share. 100 125 Union Trust Co Cumberland— First Nat Bank..... d f.w m _7 H 4 Natl bit of Bay City Fidelity Trust Co.. Maryland Trust Co March 29 25 H 9 20 Merchants Nat Bank Warren Nat Bank Common Preferred Calvert Bank 149,579 190,000 200.000 250.000 100,000 400.000 Common.. U«*ion Trust Co.. Institutions Statf Nomt nal, P«T share, National Banks les 50 100.000 Preferred 144.000 Hadley Falls Tr Co.. dl,400.000 Lawrence600.000 Bay 8 tateMer Nat Bk Taird Nat BAT Co.. Baltimore— Hageratown Trust Co o rec ent 20 345.000 Park National Bank Common Springfield 8 I) A Tr. Safe 100 10 100 225 100 Pe&body— 105 100 24 28 Portland Nat Bank— Common. 100 2,850,371 1,983,309 3,662,470 200.000 300,000 Safe Deposit Nat Bk 100 25 40 20 8,853,312 4,146,214 5,469,130 7,365,527 500,892 201,150 les sa f First National Bank Nat Bk of Commerce _. 13,576,254 ( J 575,162 600.000 200 .COO i 400.000 Nat Cent Bk of Bait. 7,272,191 251,845 168,706 242,986 100 Central Nat Bank— Nomi nal. Per share. First National Bank Ask Lynn— March 29 Augusta— Casco Bk & Tr Co. 897,348 150.000 120,000 290.000 Union Old Lowell National Bank State Institutions MAINE 100 300.000 Appleton Nat. Bank. National Banks 6,483,769 68,041,703 63,563,650 427,500 Holyoke— Holyoke Nat Bank— 1 i 20 29,691,093 19,724,519 9,135,073 332,666 262,431 579,440 261,169 400.000 Haverhill Nat Bank. Merrimack Nat Bank 23 H 22 (20 120 Bid Nomi nal. *'«r share, Haverhill— 120 1,093,296 816,684 1,000.000 1,000.000 700.000 Oont'l-Am B A Tr Oo 100 Par . 500.000 Fall River Nat Bank Durfee Trust Co.... Fall River Trust Glouc Nat Bk of Glou Glances S D A Tr Co \100 53,538,746 816,865 1,500,000 11,087,987 53,739,597 1.200,000 2,714,376 197,181 208,000 2.800.000 7,041,120 126,795,020 . . _ 94 34,357,806 (100 jil442,998 $ Fltohburg— Bk 1,500,000 \ 1.200,000 Deposits P Fall River— Safety Fond Nat Bk. Gloucester— Cape Ann Nat Bank. 80 Amer Bk A Trust Go Common Surplus & Profits $ Gross Surplus & Profits Capital ^ March 29 Dec. 31, 1938. I La6t Sale. o June 30. 1938. Stockholders of record May 3. 1939 of the Commonwealth Detroit. Mich., received a 100% common stock dividend. On k Units. Bank^of May§28, made to present holders at a price of $75 a share. Upon completion of recapitalization, capital account will consist of $1,800,000 pref. A stock, $2,000,000 common stock, $1,000,000 surplus and about $1,000 000 of undivided profits. n 440 1939. offering of $375,000 new common stock of $50 par was < Affiliate of First National Bank of Boston. 106 BANKS National Banks MINNESOTA March 29 Capital AND TRUST COMPANIES State Institutions March 29 National Banks Gross Surplus & Profits Par Deposits Bid State Institutions MISSOURI March 29 Ask March 29 Gross Surplus & Profits Capital Nom inal. Duluth— Bank of Oomm A Sav $ 100,000 City National Bank. Per 600.000 Duluth Natl Bk Jfc 36.460 331,711 45,309 1,253,465 200,000 2,000,000 800,926 6,659,748 1,972,321 27,075,435 232,711 473,703 42,902 18,229 400,000 1.000.000 Northern Nat BankPioneer Nat Bank Western Nat Bank.. k 100,000 100.000 5,848,072 10,942.789 1,022,016 907,232 Nomi nal. share. 100 100 50 N 100 100 100 100 o cent sa Chippewa Trust Co. ■aston-Taylor Tr Co ies Lindell Trust Co Merc Com BAT Colid ercan tile-Com¬ 66*3 merce Hennepin State Bank b 100,000 Marquette Nat Bank k 369,000 Midland NatBk A Tr *1,000,000 Minnehaha Nat Bk. b 100,000 494,991 15,487,193 44,375 120 20 100 71 Nat'l Bank. 100,000 University State Bk. Boohester— First National Bank. Union Nat Bank.. St. Paul— American Nat Bank. Commercial State Bk Drov Exch State Bank 1,945,413 blOO 154.635 200.000 125,000 g k 7H e 290,000 592,500 100,000 759,741 *1.688,000 26,349.096 100 * 404,852 100 160,000 4,482,297 ok 200,000 64,288 2,192,547 100 First National Bank. ff6.000.000 7,374,400 119,726,513 fflOO First State Bank 115,500 100 2,246,900 100,000 ff 100 EmpireNatBkATrCo ek 455,000 222,027 7.562,211 Stock Yards Nat Bk * 189,438 5.447,123 elOO 300,000 Midway Nat BankCommon 100,000 1 292,408 4,937,373 1100 100 Preferred 147,600 First Trust Co. 465,909 01,000,000 fflOO National Banks March 29 MISSISSIPPI State m 6 80 — *• - « 20 35 38 100 129 131 100 25 26 4% 5X 27 100 50 20 26 100 175 2,624,954 10,182,223 2.420,215 mmmmm 100 100 State Institutions March 29 nai. Nomi Billings- Per Midland Nat Bank.. Montana Nat Bank. Sec Tr A Savs Bank. ies 300,000 100,000 Metals Bk A Tr Co. sa 203,583 160,867 208,822 First National Bank. Miners Nat Bk No re cent 200,000 150.000 100,000 600.000 862,646 34,217 586,659 lQVa e 10H 600,000 269,151 9,049,649 fflOO 250,000 123,313 iharv 6,614,851 /100 1100 5,074,598 fflOO 100 3,113.022 100 3,065,742 Butte— N 1.207,841 12,555,718 o re cent sa 100 100 Ies ff— 12,336,774 Helena— First Nat Bk A Tr Co Union Bk A Tr Co— Common ...... Preferred 230.000 National Banks State NEBRASKA March 29 I 4,610 421,997 92,414 c MONTANA March 29 ... | « 30 7% National Banks 4,686,227 fflOO 100 1,842,100 75,370 20 100 -- 8pringfield— Citizens' Bank...... * Union Nat Bank * Southern Missouri Tr * F Third N'west'n N Bk 4th Northwest Nat'l 366,873 5,867,076 3,056,540 103,783,333 25,682 2,705,441 336,582 4,253,992 217,836 3.014,820 350,000 WebsterGroves Tr.. el 00 5,000,000 14,120.879 115,356,710 J100 1,500,000 41,137 1,346,879 100,000 15,036 50.000 1,112,111 129,882 100,000 1,584,234 el00 140,311 126.000 2,884,168 elOO 43,751 1,208,004 85.600 Common share. 28 214,229 4,622,601 839,267 15,890,407 346,583 9,231,981 k 340.000 i 205,303 3,199,931 k 260.000 44,551 3,154,366 400.000 243,614 5,693,938 10,000.000 6,259.153 170,919,829 N'western Nat BAT Preferred Produce State Bank. 2d N'west'n State.. Per 100 1,000,000 1,000.000 Miss Val Trust Co.. 6,000,000 Meund City Tr Co * 245,431 Nsrth St Louis Tr Co 300,000 126,429 2,255,630 &100 34,351 1,820,916 e.. 36,388 1.714,280 elOO 7,531,722 136,097,977 b 20 33.219 100 1,027,323 290,209 100 5,545,307 100,000 $ 500.000 United Bk ATr Co.. Minneapolis— Blooming'n-Lake NB b Central Nat Bank... k 150,000 Fifth No'west'n N B. e 100,000 First Nat Bk A; Tr Co &6,000,000 St. Louis (Concl.) Telegraphers Nat Bk Tower Gr Bk A TrCo re First A Amor Nat Bk Minnesota Nat Bank of Duluth Ask Bid Par Deposits Institutions March 29 Institutions Nomi nat. March 29 Lincoln- Pet share. Continental NatBk— Nomi nal. Jackson Capital National BkCommon Per 300,000 100,000 565,796 9,565,943 Commerc'l BkATrCo 50,000 Depos Qu Bk A TrCo Jackson-State N Bk. 740,000 297,000 14,739 414,222 411,395 899,102 12,291,213 8,097,394 260,000 332,500 239,503 117.753 163,055 99,418 600,000 300.000 * Preferred 10 share. 50 (30 140 Common 60 "15" "12^ 100 140 160 100 125 150 3,344,436 3,152,201 4,175.907 100 80 68 85 50 50 51 141,2281 5,898,187 8 304,037' 5,270,860 100 Preferred First National Bank. Nat, Bk of Commerce Omaha— First Nat Bank Common South Omaha Sav Bk 8tock Yards Nat Bk 150 Common National Banks March 29 MISSOURI Per City Nat Bk A Tr Co Columbia Nat Bank. Commerce Trust Co Community State Bk First National Bank. Inter-State Nat Bank Linwood State Bank. Merchants Bank Merc Home Bk A Tr Common 600.000 6.000.000 100,000 2.000.000 600,000 100,000 200,000 200,000 196,000 Capital notes Missouri Bk A Tr Co Common Preferred Park National Bank. Plaza Bank of Oomm Produce Exch Bank. 152.366 5,065.874 63,827 4,963,768 1,399,308 72,133 198,809 j 346,086 100,000 1 100,000 50,000 200,000 100,000 100,000 Southeast State Bk._ ftouth Side Bank— Common. Preferred Stock Yards Nat Bk. 58,189 36.470 83,957 104,540 60,812 100 National Banks 100 300 1,956,219 24,426,490 6,108,343 161,928,017 1,159,653 120.678,042 20,203,141 100 100 70 80 100 128 132 100 100 70 90 1,617,800 100 100 135" 3,291,265 100 200 225 8,068,631 100 45,568,230 noo 190 67.892 100 928.774 25 114,152 7.401,882 (100 1.137,764 26,816,900 , 1100 100 1,149,6641 28.430.108 ' 291,819 21,440 NEW HAMPSHIRE State Institutions March 29 Nomi nal. Manchester— 1,380,997 (100 (100 100 1,610,633 100 3,045.307 100 2.811,125 100 1,187,893 115 50 ~200" 45 m - _ m •» 120 90 65 m-mm 110 75 , 200.000 286,771 Indian Head Nat Bk k 200,000 502.133 k Nashua Trust Co SerondNat of Nashua * Portsmouth— -m ~mm Per 883,681 M "-chants Nat Bank Nashua— 130 200,000 150.000 400.000 512,173 600,000 564,326 250,000 75.000 | 100,065 200.000 30,974 J10 1.364,548 100 864,451 2.024,372 100 150 75 100 100 Boardwalk Nat Bank 100 5,928,384 5,971,264 6,768,103 N 0 100 re cent 100 sa les 100 Tootle-Lacy Nat Bk. * Missouri Vail Tr Co. k St. Louis— Amer Exch Nat Bank Common ..... k 65 - - - 100 212,120 263,010 422.479 151,566 103,910 268,124 104,968 69,820 ' m 225 8H Common Preferred— New 55 10 H»mr» Nat Rk National Banks 1,343,119 NEW JERSEY March 29 N 0 100 re cent 100 sa les 3,115,457 (100 State Institutions March 29 Nomi nal. 100 re cent sa 100 0 les 107.500 I 92.500 / 275.000 100 96,126 1,545,434 100 251,404 5.483,926 10 225,000 1.184.565 163,669 1,468,537 100 580.500 219,574 5,564,356 100 55 65 300,000 100,000 Preferred Guarantee Trust Oo. 5,896,884 156,890 108,973 2,646,235 1,089,807 10 5 10 5 3 4 200,000 400,000 38,859 349,420 1,828,753 9,855,573 50 244,100 575,000 249,500 89,231 246,674 2,191,971 4,882,530 1,507,372 150 10 130 2X 3X Equitable Trust Co— 100 Common 100 Preferred 100 2,283,985 120 4 20 C72.785 15 10 X Asbury Park A Ocean 6 20 Grove Bank Seacoast Trust Co 2,595,701 .53,022,025 5,288,994 5,523,521 100 8,679,134 231,563,997 431,011 11,870,954 17 36^ 36li 20 73 75 3,209.746 J100 U— 6,735,604 60 38,998 2,166,817 324,398 . 217.734 200,000 I 200,000 600,000 86,730 145,698 20 70 30K 100 90 100 'six 100 95 50,000 50,000 j 34,749 ' 500.000 Manchester Bank... Mutual Bk A Tr On.No'western Nat Bk. 450,000 720,000 Plaza Bank (The). Sec Nat Bk SavsATr 572,711 Farm A Mer Nat Bk "15"" a 1100 1100 350.000 c 249,903 296,236 344,585 154,682 685,894 200.000 20 k 109,467 100 75 100 30 35 100 70 80 20 8 12 Retirement price. c Dec. 31, 1938. d Owned 15 100 50 17 19 X 20 24 100 140 by the Transamerica Corp.. San Francisco, Calif. e 80 50 20 k i b First National Group, 1,007.871 /100 11,164,663 5,959,901 9,426,076 7,132,227 3,712,418 16,479,522 Bridgeton— Brldgeton Nat Bank. Cumberland Nat Bk. k Bank 600,000 Bayonne— k Broadway Nat Bk Bayonne Trust Oo_. __ Lemay Ferry Bank— . Share• 727.185 120,000 343,783 500,000 Common N s Per 400.000 Asbury Park— Cass Bk A Tr Co 300,000 First Nat Bank 10.200,000 Industrial BkATrCo 750,000 A Trust Co 105 100 Asbury PkNatBkATr k 400,001 Common 100 First National Bank. — 15 c 2.000,00U Jeff-Gravols Bank.. 300 1135 100 Bankers Trust Co— First National Bank. First Trust Co First8t JoeSt'k YdsBk * Capital notes share 100 150 7,478,729 3,910,474 7,503,995 2,980,903 3,666,095 7,685,320 2,887,400 1,221,388 539.305 4,829,711 3,386,247 2,657,831 Atlantic City- Jefferson Bk A T CoCommon 200 2,397,508 f 100 56,220 A uoskeag Nat Bank Manchester Nat Bk. 25.031,967 100,000 Bremen Bk A Tr Co. 39 uoo 170 125,172 18,176 191,512 200,000 500.000 100.00C 250,000 200.000 200,000 129,000 "53" 20X 27 160 Member of Northwest Bancorporation. ff Member First Bank Stock Corp. x Sept. 28, 1938. k Preferred stock and common stock or capital debentures outstanding. I Last sale. Commerc'l Banks March 29 697,035 Burne8 Nat Bank 8outh 8ide Nat Bk— National 8,398,400 62 H 200.000 A Savs Bank 37 160 27,832.465 13,441,474 450 295 139,983 American Nat Bank. Southern 600,000 100,000 Security National Bk 284,328 30,286 100.000 Preferred. Manufacturers 20 100 260 Bono— First Nat Bk of Nev Jd 1,000,000 I 1.100,000 J 100,000 Boatmen's Nat Bk.. 165 150 240 345" 650,00Q University Bank Westport Ave Bank. Ot. Joseph— Preferred Baden Bank 512,724 100 NEVADA March 29 share. 600,261 J100 uoo 100 6,096,379 Gate City Nat'l Bank * Union Nat Bank— Common 1,081.271 100 107 Traders' Umpire Trust Co el.100.000 50,000 1 50,000 400.000 Preferred Union Av Bk of Com al 00 \100 March 29 Nomi nal. 100,000 69,225 600,000 cl.888,541 380.000 270,000 « Preferred U 8 Nat Bank State Institutions Kansas City— Baltimore Bank 21,186,085 10,747,495 809,908 117,000 83,000 50,000 Preferred 125 490.446 Packers* Nat Bank: Ficksburg— First Nat A Tr Co Merch NatBk ATr Co 10,505,349 f 100 1,500.000 .1,708,427 500,000 Preferred 70 54 242,343 , 1,500,000 450,000 Live Stock Nat Bank Omaha Nat Bank— Common Meridian— Citlsens Nat Bank.. First National Bank. Mer A Farmers Bank 312,500 290,000 935,000 300,000 « * 421.000 400.000 c 64,462 216,594 3,202,152 100 50 4.769,947 20 19 o American National Bank of St. Paul affiliate. s Member of the Guardian Detroit Union Group Inc., Detroit, Mich. National Banks NEW JERSEY March 29 Surplus & Profits Capital Stat* National Banks Institutions Gross Par Ask Bid State NEW YORK March 29 March 29 Deposits 107 companies trust and banks June, 1939] Capital Surplus & Profits Institutions March 29 Gross Par Deposits Bid Per share. 400.000 695,000 Camden Trust Co 4)4 2 4 City National Bank. 400.000 1)4 First National Bank- 600.000 *500.000 East Orange— Ampere Bank & TrOo 200.000 52,649 Bay Inv & Trust Oo: Common Preferred 95,600 769,165 300,847 10 X 3 2,919,284 33)4 d 45 Brooklyn—State B ank& Tru st Co. retur ns date _ Seaboard Trust Co. 160,200 240.000 Flhtbush Nat Bank I 1 — X IX M 2 36.304 927,592 k 230,758 dl, 114.345 kl ,492.264 20 70,311 137,328 600.000 d 4.452,313 12 40 12.079,766 d 5 25 6,797,752 15,853,641 3,918.075 400,000 <*1,294.000 d 2 10 1 "15 "3" "4 500.000 k . 368,164 10 2,296,132 3 4 50 53 6 Jerzey City— 1.261,955 k 238,272 43,695,799 100 3,533,945 37)4 i 400,588 32,199,645 / 25 k _. Trust Co of N J— Common Preferred A 600,000 4,000,000 30 1 k 86,827 3,183,057 28,611 j/5988,507 Long Branch— 6)4 5)4 r30 25 225,000 93,835 77,500 365,400 209,800 384,800 5,769,046 6,380,900 2,200.000 12,895,352 15 100 ~25)4 2,500.000 500 8.200.000 500.000 Marine Trust Co Chemuner Can Tr Co Elmira Bk & Tr Co__ 792,000 1.237.500 k Ithaca— First National Bank. 7,335,940 6,374,492 1,720,212 9,502,435 25 *50 Debentures "A" Debentures "B"_. The First Nat BankNat Ohautauq Co Bk 200.000 k 600.000 814,608 25,240 10 50 "*25" 15 Union 200.000 448,954 110,723 100.000 k 50 150 50 3,001,256 1,616,897 100 100 100 25 16 1,325,420 41,484 .498 2,039,506 25,478 ,516 619,468 3,009 .927 150,833 1,504 ,023 1,412,428 33,961 ,738 7,925.465 154,765 .723 100 55 100 25 15 8 6 1.563,805 146,120 571,686 _ United States Tr Co. 600.000 West Side Trust Oo. 1,022,425 New Brunswick Nat'l Bank of N J... d 867.500 8 45 10 25 17,769 ,269 3,517 ,902 2)4 3)4 2 152,150 22)4 23)4 17 18 25 "l6*" 25 b 11 4,724 ,124 10.262 377 392.336 10,567,061 6,253,225 100 1 105,343 1,786,227 / N 25 454,912 sa }* Preferred 471.273 North & West Hu dson— IstNat Bk of Un City d 289.283 k Nat Bk of W N Y— 1 I 246.987 *18" .13 o re cent New Brunsw TrOo— 100.000 50.000 10 Jes r30" 2,089,669 1 50 40 1 31,002 } 50 r50 27,605 1.406,247 31,762 377,288 121,075 108,468 362,070 905,982 17,997 1,270,740 6,072,739 5,835,194 3,554,402 20 500.000 k 598.500 Oomw'lth Tr Un City 100.010 k Gutt'b'g Bk & Tr Oo Weehawken Tr Co 400.000 k Huds Tr Oo U n City. .000.000 Woodcllff Trust Co.. 145.000 Passaic— Passaic N Bk&Tr Oo d2.250.000 2,036,474 1.000.000 People's Bk A Tr Oo. 348,231 Plainfield— First National Bk... d 264.927 g 7,145 Plainfield Nat Bank. g 425,000 129,581 53.733 lOo.UUU Mid-City Trust Co.. d Plainfield Trust Co.. dl. 150.000 566,289 State Trust Co__._. d 247.500 k 57.152 Paterson— First National Bk— 680.000 Common 566,289 580.000 Preferred 100.000 Nat Un Bk of America d Paterson Nat Bank.. Second Nat Bank 57,980 34,598 293,000 600,000 1.276,011 1.51HJ.0UU 835,549 1.000.000 k2,062,517 Paterson Sa v inat... 100.000 100 300 20 15 4,849,332 <50 N o 136.082 re cent 108.392 2.040,406 1,186,121 10 150.000 k 100 sa 150.000 505.658 4.097.285 100 Kingston Trust Co.. 550,000 k 521,365 6.425,037 100 County 100 10 repo rted net and 29/39 of June 1. 25 Am&lg Bank of N Y. a 4 207. 424 100 10 414 17)4 19 40 45 13.55 32)4 34^ 162 168 100 700 100 1730 100 720 100 100 1770 "97" 103" 41 45 .(K Kl 25 X 26 11)4 50 275.300 e 9,271,900 1,994.037 12)4 61,383.114 985,700 cl5.949.300 12)4 d500 000 269.301 c 3,087,459 10 7 ooo.oon 9,497,500 134.854,000 17)4 5,000.000 2.505.343 e24,776,113 26 1,500.000 1,737,395 e27,769,473 d 400.000 325,541 e 7.017,040 12)4 Nat Bronx Bank d 775,000 Penn Exchange Bank Public Nat Bk&TrOo Schroder Bkg Corp. co. returns date Mar 1939 168,090 , 500.000 1 000.000 3,941 400 14,947.665 211.100 644,700 .755,552 984,016.001 257.500 22,700.700 .647.938 910,443,6,30 ,144,309 592.012,000 1.000.000 25.000.000 X 13* 9 29 30)4 22 24 14)4 17)4 100 50 653.314 Bronx County Tr Co d2.642,500 Cent Han Bk&Tr Co 21.000.000 Chemical Bk & Tr Co 20.000.000 '"16 55 • 57 7 4 5 20 9) 101 10 48M 50 X City Bank Farmers' Trust Co 10,000.000 14,856,730 d 7.50.000 k 428.200 Colonial Trust Co 1 000.000 k 448.709 25 2 N Continental 25 100 re cent 100 sa o les 100 13,891,046 f 100 1 60 190 1,308,940 20 2,188,184 50 13,502,736 50 16,509,285 25 29,852,789 be ay 66*3 First National Bank. 10.000,000 108757085 560.093.000 Grace Nat Bk of N. Y 1.500.000 2,075.969 c30.357.106 Merchants Bk of N.Y 400,000 256.800 e 5,530,500 Clinton Trust Co 4,228,609 5,545.928 1,133.358 16.987.626 3.929,367 record 100 650.000 27,600 e 6.645,000 6.000,000 13.746.918 181,497,000 Bank of New York-- Bk of the Manhat Co 20.000.000 26,271,600 537.262,000 Bank of Yorktown.. 1.000.000 774.573 e 6,833,157 Chase Nat Bank 100.270.lWi 133536151 2.542,048000 Comm'l Nat Bk & Tr 7.000,000 8.375.903 94,400,000 Fifth Ave Bank 500,000 3.830.282 51.654.000 Bankers Trust Oo 25 29,867,815 5,345,088 3 30 24,373,214 1,487.274 York Ci ty banks are ew 1939. and March Banco di Nap Tr Oo. B'kof Montreal Tr Oo 175 7 60 55 ioo" Bk&Tr. 4.000.000 Corn Ex Bk & Tr Co 15.000.000 500 000 Corporation Trust Oo Empire Trust Oo 3.500.000 Equitable Trust Co. 500.000 Federatk u Bk&Tr Co 825.000 Fulton Trrit Co_ 2.000.000 Fiduciary T* nst Co. Guaranty Tr. st Co. 1 000.000 . 90.000.000 - 12 Hellenic Bk & Tr Oo. 65 75 Irving Trust Co 30 35 Schroder Trust Co_. 1 50 55 Lawyers Tr Co-..-. 2.000 000 5,634,109 i 50 i 404,843 160 50 1 000.000 50 000 000 Common Citizens Trust Co— 000.000 20 59,177.473 9,286,000 8.177.600 61.519,133 4,332,397 20,104,570 309.286.804 k 31,300 364,200 66,9.32,204 3,761.613 k 292,700 585,700 11,511.697 1,126,318 2.826,900 20.422,500 11.269.287 1.459,735 182956690 1670216227 3.155,41Q 414,226 53.071,990 579,331,700 19,856,238 1,631,555 1,916.340 38,955,164 32.998.440 J45129357 60 25 "56" *56" 9 11 10 12)4 14 20 57 58 100 10 25 "l3X "ll'X 10 100 100 100 195" 205*" 267** 272*" 100 10 10X 115* 100 25 [ 690,205,471 Convertible pref__ 9.244.520 Marine Midi Tr Oo 6 000 000 9.262,504 111,525,790 New York Trust Co 12.^00.000 27.900.462 372,537,992 Pan American Tr Co F01 OOO 4.170.600 143,400 Savings Banks Tr Co d29.997.000 6,291.100 129,189,000 Title Guar & Tr Co— . 600.000 Common k 139,602 575,00] 247,074 600.000 750.000 Common [k 345,412 13,074,750 J100 Preferred 11 8,534,546 / 25 112'. 10 3,188.762 594.000 Preferred Hamilton Trust Co.. d U S Trust Co— . i dl.000.00O d3,145,000 538,734 2,428,559 54,803 200,000 71,507 1,500.000 £1,180,821 dl .874.000 k 363,440 200.000 rl2X c 25 3 30 50 14,685,655 41,730,686 1.064,866 1.256,813 21,29.3,621 22,495,030 100 2,835,061 2.922,516 1,650,027 40 50 10 50 10 10 15 100 20 50 68 10 1 Common 25 70 2 200.000 100.000 k Woodbury Trust Co. 405.212 a Sale price, "27" "30" Midland NEW YORK March 29 g Per share. 1,408,027 5,662,573 4,607,236 2,929,707 57,102,425 88,662,404 100 650 1,500,000 State Bankof Albany d2,600,000 100 100 450 259 270 1.980.000 5.39.829 26,940,746 50 28 32 250.000 d 4)4 5X 100 100 100 80 100 1600 90 1650 security stock. March 29, outstanding. 1939. /April 22, 1939. State Institutions March 29 Albany— 12 I.1 Preference stock. Plainfield National Bank, effective May, 1939, First National Bank of Plainfield, N. J. Nat Com Bk & Tr Co 54)4 U3" Corp. Nomi nal. Mech & Farmers Bk_ 110 42 200 6,939,903 11.844,746 99,340,330 d Common and preferred stock or capital debentures National Rmkt 52)4 .4)4 pref. stock of the Realty & Security Co. 6 Includes e 25 25 40 Only outstanding stock of People's Bank & Trust Co. of Passaic. N. J. is $1 par c 835,518 361,200 t Marine 18.167.012 20 ! 2s 3,270,800 258 509 2,000,000 28.796,925 Jamaica Nat Bank.. d * 552,665 445,569 J2,428.905 Debenture notes.. 7 534 746 Trust Oo of Nor Am. d 750.000 k Underwriters Tr Oo. 1.000,000 Mechanics' 100,000 6,000,000 B S Trust Oo of N Y Jamaica. L. 1.— 3)4 100 Woodbury— National Bank First Nat Bk & Tr Co First Trust Company les Sur plus and p r ofits are of date Mar. a di ridend for National 29, 1939 for State banks, of banks and trust companies in New Yo rk City and Broo klyn m 206, found in our"Rai Iway Secti on, pages 2 02,203.204, 205, are 8k of Athens Tr Oo. 20 7)4 8,736,850 45,000 TrentoD Trust Oo... 350 8,435,511 3,920,393 Mfrs Trust Oo: Common Preferred Prospect Natl Bank. Security Nat Bank.. Trenton Banking Co 102)4 250.000 Ulster Trust Prospect Pk Nat Bk Trenton— Broad 8t Nat Bank First-Mech Nat Bk. 100 797,403 176,600 434,386 200 000 500.000 Sterling Nat B & T.. frade Bank ofN Y_. 100 100.000 k Haledon Nat Bank.. d r20 5 400,000 Co.- National City Bank- 77 500 142.109 k Liberty National Bk Quttenberg Merchants TrUnCity 6 5 25 NatSafetyBk& Tr Co dl 014,300 10 100 4,648,854 Bank of Weehawken / 5 50 300.000 Common 60 7 Merch & Newark Tr. 2.500.000 Union National Bk. d 336,300 Peoples Nat Bk..... 25 75.000, 1 New York City— Deposits N d7,250.000 Fidelity Un Tr Oo 100 100 10 10 31,616 1.622.500 12,784,903 60 57 812.273 18 19 386.404 122.837 301.000 325,840 20 ~v?5 445,650 525 600.000 884 000 Columbus Trust Oo. Federal Trust Oo 23K 10 21X <32 t 4)4 200 000 60 500 41,262 3.000.000 Banking Co 600.000 National State Bank d Clinton Trust Oo 526.980 7 Bank of Kingston. Rondout Nat Bank. Htate of N Y Nat Bk 1,457.760 9,558,604 6,689,544 1,251,452 150.000 Mt Prospect NatBk. Nat Newark & Essex 10 X OX 10 Kingston— Bank of Commerce of Lincoln Nat Bank... Franklin "Wash Tr Oo Trust 250.000 245,000 First N Bkof Rondout Nat'l Newark 80 1540 10 5,524,828 9.217.334 650,000 Leng Branch Bkg Oo Mt. Holly— Union Nat Bk&TrOo Farmers* Trust Co.. Newark— 54 47 Janoeatown— Bank of JamestownCommon American Trust Co.. d Morristown Trust Oo 50 100 75 100 1500 10,903,565 15,423,679 14,547,174 550.000 Tompkins Oo Tr Co_ 1.881,615 1.003,937 770.545 178,331 523,341 800.000 IX r 100 339,398 321,856 100 100 2,172,426 148,673 7,945,804 91,539,002 7,666,639 158,877,580 *8,000,000 50 592.688 100 75 100 33i» Elmira— 2,789,651 500.000 1939 1 Lincoln-E Side N Bk d 200.000 Mfrs & Trad Tr Oo. 5.000.000 17,540 ttorristown— First National Bank. 50 4)4 Liberty Bk of Buffalo 230.000 National Iron Bank. d 000 900,000 550.000 5 X i s 29, 50,461,973 Debentures Klngsboro Nat Bank Lafayette Nat BankPeople's Nat Bank.. Brooklyn Trust Co-_ Kings Co Trust Co__ (Cfrst Nat Bk & Tr Oo 5 24 50 1.115,361 59,891,256 859,490 51,568,334 .... 50 t Buffalo- ' First National Bank. 2,225.000 Franklin Nat Bank.. d 200,000 Hudson Oo Nat Bk— Common 1,250,000 Preferred 1.500,000 100,000 Bergen Trust Oo Commercial Tr N J 3.400.000 North Bergen Tr Co. 100.000 100 29, 1939 3,101,800 2,917,142 3.202.200 4,068,600 8,748,400 5,733,400 118,844,917 53,123,100 banks Mar *250 100 Mar 200.000 Common EUzabethport BkgOo N ational S ta.te Bank Central Home Tr Oo Elisabeth Trust Oo_ 7nion County Tr Co floboken— & 577,445 Bensonhurst Nat Bk d Citizens Bk of Bklyn National 17,971,737 J Elizabeth— Farm 9,593 663 10,232,138 8,032,016 3)4 1,212,539 33,351,035 100 Binghamton— 222,500 (*2,734,750 Marine Midl'd Tr Co Common Preferred Hamilton Nat 917,982 384,349 24,078,316 12)4 69,034 1,467,378 d shari 100 6,330,164 6,133.439 Auburn Trust Oo Nat*] Bank & Trust Oo. 359,159 139,238 1,098,696 FIrstOainNatB&TOo (*2,177,891 Merchantvllle Per Auburn— Nat Bank of Auburn G&mden— Ask Nomi nal Nomi nal. * Controlled Jfc Dec. 31, by Marine Midland Corp. 1938. 460 * Last sale. r Preferred stock retirement price. was absorbed by the 108 BANKS National B^nks March 29 NEW YORK Capital Surplus & Profits AND TRUST State Tnstitutiont March 29 COMPANIES National Ronks NORTH DAKOTA March 29 Cross Deposits Par Bid Ask Surplus & Profits Capital Gross Nom. Nomi nal. Rochester— Per share. Llncoln-Allia Bk&Tr 69,354,152 224,365 600,000 Capital notes 1.170.000 505,263 Genesee Vail Tr Co.. e2,260,000 Roch Trust & 8 D Co 1.000,000 a3,879,198 Security Trust Co— Common 300,000 Capital notes 200.000 16,840,446 4% Conv.Preferred Common ^ J2,524,261 Union Trust Co: Common 3,000,000 1,000,000 Capital notes Jl,139,713 Bank.. Nat 20 26 29 50 50 53 First Nat Bk & Tr Co Mercb Nat Rk&TrCo j 20 45,563,081 20 J100 National Banks io" 75 800 e n 360,462 508,849 1,403,635 400,000 300,000 750.000 Schenectady Tr Co.. Syracuse— Lincoln Nat B & TCo Merch Nat B & T Co 352,882 902,438 1,200,000 Common 750,000 150.000 Preferred 10 I 22,021,450 Q10 100 20 9,608,661 / 20 1 20 I,172,828 6 e4,691,844 50,356,217 Capital notes 28,616,934 | 10 Manufactur Nat Bk. National City Bank Union Nat Bank... Troy Trust Co I,485,528 788,185 184,675 170,389 el ,400,000 600.00C 624,400 297,000 e e 20,935,454 11,715,149 6,227,121 3,769,130 Preferred 1,000.000 990,000 II,803,384 32,952,231 Common 600.000 194,000 Preferred 14 <720 2X 4H 8 11 ? | 520,255 1,013,617 94.532 24,549,462 4,185,035 100 745,139 N o re cent les 5 100 14,160,538 296,038 , 2,333,550 17,783,448 3,791,985 10,992,662 400,000 200,000 188,350 6.000.000 Atlas Nat Bank Olnn Bk & Tr Co e Columbia Bk & S Co e 600.000 e 25 22 16'» 4 5 500.000 6 10 222.000 Prov 8 Bk & Tr Co 50 Second Nat Bank__ .50 .75 (/60 People's Bk & Sv Co e 575,000 1.800.000 1.000.000 500,000 Western Bk & Tr Co e2.000.000 Trust Co 5.000.000 Fifth-Third-Union Tr ust Co Central 5,000,000 2,000,000 Common 9,913.989 J 20 I 25 176,561 712,715 1,286,750 236,575 147,659 100 100 3,035,637 1,500,856 80,685,110 219,287 1,174,516 188,498 320,551 3,354,916 1,011,538 639,397 370,771 2,283,060 145 50 100 9,359,709 5,202,446 a 60 100 5,519,619 10,025,928 2,288,040 3,203,285 45,778,330 18,093,289 7,586,539 11,247,982 71,816,313 270 90 10 100 7 100 138 8H 143 Ncrwood-Hyde Park Bk & Tr Co 25 1,122,665 a 750.000 Lincoln Nat Bank.. Northslde Bk & Tr Co Capital debentures J3,744,444 100 95 105 100 225 240 50 55 100 10 100 100 "26" 145 140 10 29 155 4H 'yf 100 72 100,218,050 (100 92 95 100 220 260 20 7 U- Cleveland— Watertown— Jefferson Co Nat Bk "Watertown Nat Bk— 127,348 400,000 Amer Sav's Bank Co 20 5,276,963 210.000 Preferred. 109,000 J 153,417 3,962,055 I 35 \ 40 490,631 10,726,363 J i25 cent 500,000 I Street Bank 484,000 9,000,000 e 190.000 e 2,133,266 602,276 7,226,788 738,431 4,775,206 143,609 4,649,576 156,618,405 617,391 57.660 338,434,805 23,8 0,265 2,805,653 024 100 100 60 20 25H 27H 100 70 75 100 50 100 Cleveland Trust Co Gramatan Nat Bk & Tr Co 166,641 200,000 350,000 Bronxville Tr Co Mount Vernon— 169,163 3,270,865 3,990,320 First National Bank. e 650.000 Fleetwood Bk (The). Mt Vernon Tr Co... e 267,500 664,069 141,928 e3.000.000 653,871 New Rochtlle— Central Nat Bank. e 115,000 92,324 326,715 75,352 524,367 20 100 10 15 150 100 125 20 30 10 2,106,165 4,371,409 1,428,412 14,491,807 110 100 11,317,708 3,044,836 6,516,117 1 13,800.000 Common J4,986,575 Capital notes 13.825.000 Union Bk of Comm. e5,000,000 /2,980,429 Union Sav & L Co 900.000 a 368,109 250,000 d 300.000 646,000 e el ,600,000 20 200.000 350.000 e 214,064 10 1 31 3 20 22 27 150,246 307,838 235,000 800.000 736,036 14,119,691 1,500.000 775.000 751,661 33,990,351 1,600,000 100,000 Fifth Ave Sav Bk Co 6 200,On 100 Huntington Nat Bk Market Exch Bk Co. e3.500.000 200.000 NorthernKSav Bk... Ohio National Bk 20 1,869,512 2,563,913 200.000 Preferred 1..... Third N B & Tr Co.. City Nat Bk & Tr Or Columbus Saving Bk Ossining— First Nat & Tr Co b»,000.000 Brunson Bk & Tr Co 1 28 100 2,980,141 28,372,028 67,634 1,845,264 165,537 152,276 2,849,847 197,900 a 83,869 3,421,895 1H 20 100 Columbus— Common First NatPrnk Ossining Trust Co... a National City BankNorth Amer Bk Co. Bronxville— Ro» helle Tr_. a 400,000 Lorain Westchester Co— f 16 250,000 Equity Sav & L'n Co 200.000 ... Preferred Clev Sav & Loan Co les Common Huguenot Tr Co.. 4,936,000 1,265,062 124,313,061 5,000,000 7.840,000 Common o Northern N Y Tr Co Capital notes. 353,700 300,000 e Central Nat Bank— Common., e 12 5.OOP 10 ion 1,613,568 2,585,036 5100 100 54,254,219 100 3,833,900 18H 20 175 185 62 70 100 1,617,472 72,774,785 b 20 Uayton— Merch N B & T Co- fttkskxll— Peekskill N B & T Co 170,000 30,000 16,657 Common 100,000 511,044 Preferred. 1,519,994 f 500,000 Common Preferred 50 t" 50 60 4,272,483 10 Common 5 10 100 "25 "28" Preferred (100 \ 60 90 95 ..... T" Toledo— Pltasanlville— e 300,000 40,151 2,536,483 12 H 2 Bk& Tr Co e 420,681 62,507 15 4 Mutual Trust Co. e 176,250 104,086 5,142,811 2,944,547 Mt Pleas Bk & Tr Co Chester— 1st 6 Commerce-Guard Bk Spitzer-R T & S Bk. 8 Ohio Citizens Tr Co N. RyeRye National Bank.. Rye Trust Co 448,661 190,000 e 70",803 20U.UUI e Turrgtown N B&TrUo &hite Plains— 98,992 10 3,193,346 1,682,561 1,950,679 8 5 50 10 15 25 40 100 177,981 7,594,521 192,939 5,144,955 | 580.000 Preferred County Trust Co ,026,051 \ 14,228,887 300.000 600.000 14 18 25 19 25 "33" Common 1,250,000 1,500,0^0 Capital notes Mahoning Nat Bank el .600.000 Union Nat Bank 1,250,000 24 16,431,839 2,523,259 12,654,115 91,224,090 14,777,569 f 40 33' 45 50 20 "32" 50 50 37" 559,097 5,760,526 25 20 25 300,000 892,484 8,166,936 10 23 C68.883 8,306,904 12,956,644 19,048,187 152,741 8,042,851 9 "25 10 25 93* 100 "oh 115 22 C-2 City Tr & Sav Bk— 750,000 1.212,500 6H 28 400,000 400,000 50 474,988 1,935,002 Beneficial of Fund 350,000 j, 607,119 60 Ownership Trust 25 20 5.000,000 Common Yonkers— Central Nat Bank 833,252 328,274 782,171 2,881,187 Koungstown— Dollar Sav & Tr Co— Ctfs Common 1,000.000 3 Toledo Trust Co 3 100 792,000 e 4 8 200,000 150,000 Bank . Peoples N B & T Co: National 7,193,212 (100 Winters N B & Tr Co Westches Co Nat: 20 Capital notes... . Bank in Yonkers Yonkers Nat Bank & Trust 300,000 990,000 457,125 e 17 Geo. D. Harter Bank Cincinnati— 25 Pft share. 100 500,000 Se Ohio 8 Bk & Tr Co First Citizens Bk & T First Capital debentures 34 29 Oneida Nat Bk & Tr Citizens 200,000 i Otica— tort Common First Tr & Sav Bk._ Troy— i 16,758,644 sa First National Bank. 1,000,000 II,175,905 1,400.000 Institutions March 29 490.000 1,250,000 100,000 Dime Savings Bank First National Bank. Syracuse Trust Co.. Common State Per 200 First Trust & Dep Co Common les Canton— 100 100 | 475,174 cent sa al72,728 200,000 ... Capital notes 10 7,187,809 7,281,436 15,056,917 re 25 n Nomi nal. Goodyear State Bk. Firestone Pk Tr&S B j, 100 3,320,636 Co First-Central Tr. Co. Preferred Union National Banii Citizens Trust Co— 0 Akron— Dime Savings Bk Common I <30 5,593,804 J share. N 100 1000 Mohawk Nat Bank— 200,000 253,590 Per 100 2,426,670 1,848,456 6,175,920 OHIO March 29 85 Schenectady— Common prices 10 "25 "~7H 17,305,931 34,682,409 34,016,187 7H 180,124 115,313 167,502 213,409 201,000 50,000 500,000 150.000 e Fargo National Bk.. Central Trust Co— $ $ Fargo— Dakota 2,800.000 .2,198,465 2.000,000 Common Ask Bid Par Deposits j National Ranks March 29 Co— Common Preferred OKLAHOMA Stale Institutions March 29 20 Nomi nal. Guthrie— Per First National Bank share. 100 75.000 186,047 99,115 2,449,486 1,345,764 100 N o Nat Bk of McAlester 100.000 256,113 re cent 100.001 287,869 3,191,405 2,909,137 25 First Nat Bk of McA 100 sa les 100,000 300,000 400,000 171,811 405,595 424,883 2,696,586 3,605,253 5,052,802 100 100 100 125 100 125 150 200.000 292,147 5.000.000 a3,424,002 e 293.376 450.000 el,200.000 1,037,761 100.000 58,447 100 150 185 26,166 5,693,281 53,201,117 6,526,785 18,752,603 1,414,660 14,580,714 1,014,907 2,496,013 51,118,325 First State 100,000 Bank. McAlester— March 29 NORTH CAROLINA SM' ""H""ton> March 29 Muskogee— Aomi nat. Aihevllle— First Nat Bk & Tr.. CharlotteCharlotte Nat Bank. Commercial Nat Bk Union Nat Bank Per 3.294.151 20 First Nat Bk & Tr Co 400.000 k 600,000 455,626 502,849 583,783 1,567,296 4,825,877 11,907,299 6,600,361 65,273,069 50 300,000 1.200.000 100 205 Oity Nat l Bk&Tr C< First Nat Bk & Tr Co 100 250 280 Fidelity Nat Bank. Liberty Nat Bank. 100 e e 150,000 500,000 55,552 1,144,193 174,577 443,770 a 104,264 66,525 1,386,691 13,883,622 1.845.152 5,604,437 200,000 800,000 223,282 375,757 Oklahoma Nat Bank Tradesmen's Nat Bk 100 2,046,049 e 200,000 300,000 100,000 214,000 Durham Bk & Tr Co Home Havings Hank. 100 55 25 72 19 80 21H Siock Yards Bank.. 20 25 *40" 45" 1,087,665 25 27 H 3,791,125 11,890,404 10 15H 16 10 780,000 1,424,864 18,835,952 25 70 75 168,000 300,000 137,755 2,773,279 25 30 35 Co.. 721,754 6,389,912 10 30 35 400,000 324,960 11,394,549 250 275 too, 000 233,794 17,962,069 1100 1160 25 2,521,571 Wilson- Preferred Nat Bk of Wilson... 200.000 94,413 First National Bank. Wachovia Bk &Tr_. e3,900,000 £2,381,663 75 210 100 100 100 125 125 180 100 100 125 3,167,733 84,456,847 10 100 0160 e 125,000 175,000 350.000 20 j 298,416 63,312 I 6,310,779 29 31 20 25 20 20 4,955,313 Sr.ate f 62,619,066 1.125,000 Rk 25.000 , 15,421 10 15 30 20 100 359,500 25 1I6" Dec. 31, 1938. b Member of the BancOhio Corp. t Toledo banks on a price range basis, Sept. 28,1938. 31, 1937. Common and preferred stock or debentures outstanding. / May 15, 1939. 0 Retirement price. i Controlled by Marine Midland Corp. k Charlotte National Bank of Charlotte. N. C., it is reported, will merge with the Wachovia Bank & Trust Co. of Winston-Salem, N. CV n Member First Bank Stock Corp. s Branch of Smithfield, N. C. d Dec. Winston-Salem— a c Branch Bkg & Tr Co Common 2.000.00) 2,500.000 13,094,662 Preferred... W«8t Tulsa e 28 50 Nat Bank of Tulsa— Common se 439,652 50.000 Common N tt Bk of Oom'erce WilmingtonWllm 8av & Ti 500.001 First Nal Bk & Tr C< Raleigh— People's 8av Bk & Tr 26 175 Tulsa— Preferred Security Nat Bank— 10 50 100 Fourth Nat Bank— 25 GreensDorcxGuilford Nat Bank— First Citizens Bk&Tr 125 150 Oklahoma Citye Bank. Mech & Farmers Bk- Commercial Nat Bk 176,712 Fidelity Bank Depositors Natl Bk. Nat Bk a 200,000 American Trust Co. DurhamCitizens' share. Citizens National e June, 1939] AND BANKS National Banks Slate OREGON March 29 Capital Surplus & Profits National Banks March 29 Institutions March 29 Bid Par Ask Eugene— $ 395,683 $ 200,000 Bank National Per $ 3,000,000 300.000 100 172 100 5,668,134 104,025,343 4,508,390 455,227 85 Per 200.000 100.000 Mellon Nat Bank 7.500.000 Common 34 X 20 6,015,668 126,520,051 4,500,000 Preferred Nor Side Deposit Bk Pitt National Bank Polithania State Bk Sheraden Bank Union National Bank Per Allentown Nat Bank Merchants Nat'l Bk. 1,648,585 2,171,899 1,384,616 928,329 1,000,000 1,000,000 Bank.. 450,000 Lehigh Vail Trust Oo 500,000 share. 100 25 140 45 20 23 100 90 105 50 share. 68 a 50 50 100 17,206,859 311,759,260 150,000 292,300 250,000 I 263,390 249,300 Preferred 311,281 Dormont 8 A T Oo Farmers Deposit Tr. Fidelity Trust Go__ Manchester Savings Bank A Trust Oo. 454,685 105 Preferred Central Trust Oo BjmkofErle First National Bank. Lawrence Park N Bk 12 14 252,146 '98' ioo' 146,635 723,918 60,035 145,080 282,431 ,282,000 300,000 50,000 Nat Bk A Trust Oo— 10 100 2,598,263 1,105,304 13,900,575 711,812 7,557,721 3,950,906 376,162 300,000 736,350 200,000 Preferred (The)-- Oapltal Bk A Tr Co. Harrisburg Nat Bank Central Trust Co 170,572 454,119 823,541 913,577 35,510 1,288,813 1,492,569 2,428,018 Union National Bank Barks Oo Trust Oo__ 50 a50 1,000,000 1.800,000 Olty Bank A Tr Co.. Reading Trust Co.. 50 400,000 Citizens Trust Co 125.000 Dauphin Dep Tr Oo. Harrisburg Trust Oo 400,000 400.000 300.000 5 10 25 68 50 400 25 14 Lancaster Co Nat Bk d Farmers' Bk&Tr Oo 300,000 88.820 300,000 Common... Preferred Northern Bk A Tr Oo Bank Scranton Nat Bk— Common 70 457.006 6,423,314 420 10 10 234,264 I 1,860,798 10 20 m 101** 7,219,169 272,977 3.040,000 City National Bank. di,100.700 10 32 50 52.038,581 9.206,744 9,275,476 108,152,743 138,607 4,169,772 5,571,422 89,729,932 e 96,199 2,857,925 325,378 Kensington Nat Bk. dl,129,766 8,979,678 Market St Nat Bk.. 1,000,000 4,478,699 34.567,703 Nat Bk of Ger A Tr Oo 400,000 2,418.877 13,983,886 Nat'l Bk of Olney— Common.. 105,000 1,946,566 Preferred 95,000 |, North Broad Natl Bk 213,207 250,000 2.039,060 Northeast Nat Bank 200,000 209,254 3,616,566 19 79,375 ... 33 21 275,000 i 147,694 2.844,776 225,000 Philadelphia Nat Bk 14,000,000 26,787,375 431,106,892 Roosevelt Bank..... d 269,818 t 121,967 2,355,000 loo"" 150" 25 81 50 25 20 26 27** 8 5 100 100 70 6300 100 6000 100 10 102 50 30 50 50 5 75 +5X 25 24 27 29 2,499,915 I I 4,775,326 16,576,316 3,074,863 50 5 ♦6*| 10 *10H ♦16*2 10 31 312 First National 287 10 10 4 66 ! 25 I 25 14 First National Bank. Indus NB West YK Western Nat Bank.. a 25 • 105** 106** 20 26 50 38 75 25 6 "42" 45 25 42 44 25 56 60 1,925,134 I 25 1 2 100 140 150 30 50 45 85 90 100 25 50 295 310 17 60 65 25 20 10 30 23 I 25 1,440,434 129,547 5,403,298 2,653,981 653,718 656,486 8,931,224 1,325,666 22,634,860 15,108,398 4,327,288 205,216 379,316 508,008 2,375,892 4,698,551 4,963,222 20 205,594 2,377,653 [ 10 348,185 32,165 593,320 198,476 521,227 913,753 540,503 732,445 3,271,721 10 684,133 100 10 10 1,229,577 7,924,703 1,635,902 4,543,172 6,128,984 4,679,358 4,238,777 7,633,161 250,000 190.000 150,000 100,000 500,000 125,000 Preferred Drov A Mech N Bk. Eastern Nat Bank.. 70 12 32 750.000 Common...... 5 50 24 7,718,138 50 18 10 10 Cent Nat Bk A Tr Co 51** 5 110 [ 10 21 50 York- 297 49** 69 15 600,000 600,000 West Branch Bk A Tr "25X ~27** 10 755,273 857,832 573,751 65 250.000 250,000 225.000 Bank Williamsport N Bk__ 100 100 ? 27 Williamsport— 36 302 168,745 18 50 500.000 Wyoming Nat Bank. Northw'n Nat Bk— Common... Preferred 50 100 Wilkes-Barre— 44 H 20 60 100 50 60 1,371,120 63,144,194 1,464,050 3,104,839 999,762 First National Bank 750.000 Hanover National Bk d 200,000 Miners Nat Bank 2,600,000 Second Nat Bank 1,000,000 W-B Dep A Sav Bk 600.000 5 Corn Exch Nat Bank A Trust Oo 4,550,000 Erie National Bank. d 460.000 First National Bank 3,111,000 Olmbel Bros Bk A Tr 200,000 82 55 10 150,000 te 162,085 184.375 Preferred 14 i 400.000 1,000,000 250.000 Penna Trust Oo— Common Philadelphia— Oentral-Penn Nat Bk 90 77 7,123,755 20,104,171 4,078,580 16,591,730 200,000 L 75,000 Preferred South Side Bk A Tr. Third Nat BAT OoWest Side Bank 155 20 50 4,050.000 200.000 300.000 d 300.000 Providence 10 100 10,862,734 11,301,916 9,122,753 80 100 100 204,057 4,659,968 152,811 348,467 64,822 200.000 Green Ridge Bank.. North Scrant Bk A Tr 80 50 7 12 942,255 1,015,999 473,168 400,000 600,000 600.000 Fulton Nat Bank— 150 672,469 1,353,255 360,459 2,433,974 1.170.300 Scranton State Bk First National Bank. Lancaster— Oonestoga Nat Bk.. 135" "33" Soranton— 10 2,986,361 4,604,160 7,386,550 4,676,187 1,087,968 13.290,331 11,449,854 50 100 100 50 100 Reading— 15 Harrisburg— 396,510 300,000 300.000 50 1,019,551 1,249,309 29,862,943 399,550 B Allison-East End Tr. 69 15 6.000,000 11,864,203 96,949.500 875.000 425,936 7,207,281 150,000 267,760 1,770,937 386,327 125,000 1,760,291 Union Trust Oo 1,500,000 95,873,986 253,094,073 Washington Tr Co.. 500.000 1,314,952 6,648,966 West End Bank 200,000 193,754 1,754,950 William Ponn Tr Oo. d 175.000 103,500 2,054,000 Worklngman's Savgs Rank A Trust Oo. 400,000 1,140,189 9,657,446 66*3 1.476.373 50 Trust Oo. South Hills Trust Co 10 100 50 75.086 10,921,338 Potter Title A Tr Oo d 100 13,859,459 f a25 "12" 34,635,332 3.795,054 6,184,886 29,278,397 19,071,983 2,578,952 501,650 20.768,055 495,000 700,000 10 40 Provident Security-Peoples TrCommon 25 25 1,635,464 Tr Oo ( 10 I 200,000 ,160,000 Marine Nat Bank 4,039,052 163,448 1,946,027 f People's-Plttsburgh 1100 Altoona Trust Oo— Common 167,294 706,139 115,796 4,021,306 5,567,576 462,396 906,385 2,094,294 2,545,511 124,099 1,276,816 10,747,756 d3,672,900 Oem'wealth Trust Oo 100 6,109,766 floo 66.535 k 250.000 Colonial Trust Oo FJrst Nat Bank— Common 141,625 108,375 200,000 700,000 200,000 50,000 2.000.000 1.000.000 Allegheny Trust Oo 155 40 10 13,612,752 8,497,731 5,597,807 6,199,094 Altoona— Union Bank 370,685 t 4,102,418 I 1.500.000 125.000 1,320,000 2.000.000 Union Savings Bank. Western SAD Bank d Nomi nal. Allentown— Nat Ask Bid Par Nat Bank of America Bank... Second Cross Deposits Nomi nal. Preferred 185 90 Nat'l States Surplus & Profits March 29 (Concluded.) Keystone Nat Bk— shere. 100 7,709,561 Portland— Portland Tr A Sav Bk HINNOI L V AiNIA Pittsburgh Common First National BankUnited 1 Capital Nomi nal. First DEWMCVI VAMIA State Institutions Cross Deposits 109 COMPANIES TRUST Second Nat Bank— , 225.000 300,000 York Oo Nat Bank.. York N Bk A Tr Oo. Guardlan Trust Co.. Vork Trust Co 8 5 100 20 25 70 §1* IP 16 15 17 16** 195 192 55 25 it* 10 15** 57** 36** 16J* ' 500.000 Common Preferred. 692,097 7,735.765 136,749 , 3,270,082 650,000 5X I 20 9X 10 f 6X 8 10 National Banks South Phila Nat Bk- 200,000 100,000 405.336 Oommon Preferred Tioga Nat Bk A TrOo d . 77,415 30 Wyoming Bk A Tr.. Broad Street Trust. . Chestnut Hill T A Tr Citizens A So B & Tr Fldelity-Phlla Tr Oo Finance Oo of Pa Frankford Trust Oo. Germantown Tr Oo. Glrard Trust Oo Industrial Trust Oo. 118 122 15 6 10 10 Common "F 16 255 265 134 139 43 41** preferred 2d preferred |l ,276,744 Land Title Bk A TOo Common 16** 59 60** 6 3,750,000 15,621,635 7,350,000 Liberty Title A Tr Oo 1,000,000 1,265,721 Mitten Bk A Tr Oo 630,932 1,500,000 Ninth Bank A Tr Oo d2,210,000 701,725 Northern Trust Oo.. 500.000 2,950,753 Nor Phila Trust Oo. 500,000 1,337,452 ...... . Penn W'h'g A S D Oo Provident Trust Real Est Tr Oo Security Bk A Tr Co. Sonsitaly Bk A Tr Co 400,000 1 195,000 120,000 300,000 Preferred Newport Nat Bank.. Newport Trust Oo.. Providence— share. 7 107,100 1 92,900 120,000 5,913,960 62,129 481,708 523,648 2,916,794 4.455,645 25 76 81 76.336 1,848,801 no 8 11 alO 228,239 500,000 Columbus Nat Bank: Common... Preferred High Jit Bk A Tr Oo 35 292,774 1,078,114 Blackstone Can Nat. 15 n 34,623,286 1** ..... Common. alO Uo 29.567,802 [ 5 t 11,452,524 6,578,856 19,118,054 12,469,324 7,429,651 ....... Preferred 7 3** 2** NatBank of OomATr Phenlx Nat Bank Providence Nat Bank Industrial Trust Oo. 10 Preferred Penn Oo for Insur on Lives A Grant Ann Per Aquldneck Nat Bank 1,481,219 J25 125 a25 60 100 ~150"~ 110 50 "l20"" Mechanics Nat Bank 995,973 2,000,000 3,000,000 1st Nomi nal. Newport— 3.300.000 4,752,588 42,153,301 100 d 300,000 91,869 2,783,486 37** 400,000 483,323 20 1,821,116 79,637 250,000 50 1,517,192 125,000 g 16,859 100 529,231 6,700,000 16,859,385 109,370,684 100 2,320.000 8,940,476 942,597 100 600,000 1,621,386 11,094,601 10 1,400,000 2,221,847 20.536,148 10 4.000.000 10,081,678 101,447,791 10 dl,132,250 1,020,941 11.159,107 10 Integrity Trust Oo— Common RHODE ISLAND Sm\}arch20°nS "~oli 25 2,780,998 Tradesmen'sNatlonal Bank A Trust Oo. March 29 ...... 50 "30 50 23 26 10 6 100 50 543 85 7 553 90 -35" Lincoln Trust Oo Rhode I Hos Nat Bk. Rhode Isld Hos TrOo Onion Trust Oo Woonsocket— 350,000 I 213,246 4,845,019 150.000 850.000 811,107 8,372,861 450,000 932,293 3,253,666 1,500.000 2,465,014 12,246,419 4,000,000 10.369,101 111,940,223 125,000 Woonsocket Trust Oo d 8,400,000 17.126,393 245,196,152 750,000 1,160,527 3,200,000 12,492,538 1,500,000 2,377,131 300,000 280,393 125,000 27,633 805,257 10 100 323* 48 343 23 443,750 141,403 60 15 19 "75"" "70 50 120 100 285 100 25 1,749,046 50,463,306 *100 175 41,760,227 1000 24,183,623 100 3,389,398 185"" 33 2550"" 2250" 135 100 1100 i* 48,018,147 10,301,336 3,426,700 937,886 100 237,146 3,042,622 269,049 1,300.261 107,599 667,705 939,642 10,881,002 5,261,468 54,806,153 10,748,475 94,246,607 6,683,649 106,474,830 50 40 ■ • 50 25 1 1 10 100 95 50 10 50 180,674 2.500,000 3,161,305 5,000,000 12,410,684 1.000,000 1,237,605 125 \25 350 25 4** National Banks March 29 5X SOUTH DAKOTAsn«'ons 27 Nomi nal. PittsburghAllegheny Valley Bk. Arsenal Bank Bank of Ohio Valley. Braddock Nat Bank. Dollar Savings 200.000 100,000 200,000 500,000 Bank > 6,000,000 6.000,000 Farmers Deposit Nat First National Bank. > • O 1 1 111 1 1 • 1 1 Forbes National Bk. Fourteenth St Bank. Freehold Bank Hazelwood Bk (The) Hill Top Bank Bank Pittsburgh— Homewood 300,000 500,000 615,500 200,000 200,000 200,000 428,124 533,861 267,867 984,774 206,496 484,140 4,997,918 8,585,511 3,218,445 881,482 1.232,974 2,314,629 100,000 172.700 152,077 474,473 100 100 50 50 10 175 Preferred e 5 60 100 20 125 retirement re cent 100 sa les 1,265,144 price. c March 25, 1939. Dec. 31,1938. a Sept. 28. 1938. h Stock all owned by Rhode Island Hospital Trust Oo. I Last sale. 50 n March 7,1938. p Affiliate of the First Bank Stock Corp. ...... share, 5,074,636 100 3,698,495 plOO 9,469,416 flOO / Member of Northwest Bancorporation. 70 1,584,481 212,604 247,238 147,238 50,500 d Common and preferred stock or debentures outstanding. ..... 4,524,380 stock 6 A mutual savings bank. 175 95 50 Per 385,000 250,000 800.000 150,000 Sale price. a 195 at Iron A Glass Del Sav Union Savings Bank. » 165 150 First Nat Bank A Tr Oo of East Pitts.. t A (5) 100 100 Sioux Falls— A Tr. d Nat Bk of So Dak... Northw'tSecurNatBk d First Nat'l Bk 1 1 * _ N 0 BANKS 110 AND TRUST COMPANIES National Bonks SOUTH CAROLINA StUtMarch 29°nS March 29 Surplus & Profits Capital Gross Deposits Par March 29 Gross Surplus c& Profits Capital Ask Bid Staff Institutions TEXAS March 29 Ash Bid Par Deposits Nomi nal. Nomi nal. Per Charleston— Citizens A Sou Bank 707,547 700.000 200.000 50.000 i Carolina 8av Bank-. Miners A Merch Bk. 271,246 43,628 17,620,713 5,919,445 454,295 share. 100 100 "ioo"" 125"" 100 105 33,757,062 J100 1100 100 120 South Oaro Nat Bk— Common Preferred 1,100.000 1,100,000 ^ _ Y ,070.370 8 7M 149,847 243,833 200.000 35.000 First Nat Bk of Cot. Lower Main St Bank Oreenvllle— 250.000 200,000 594,501 160.000 40,000 First National Bank. Peoples Nat Bank— 80,616 516,897 4,879,626 10 1,350,105 25 10 95* 350.000 \ 115.000 Common Preferred — 127,131 Per $ share 5,822,245 flOO 1100 22,098,937 100 92 99 200 250 185 elOO <1.000,000 1,108,404 100 oon 105,923 68,274 1,673,414 4,170,624 100 400,000 300.000 Nat Bank of Comm. 353,272 3,784,029 100 t 250,000 700.000 329,471 510,733 92,599 8,198,193 10,032,411 895,836 National Bank ofFort Sam Houston Nat Bk San Antonio Columbia— $ San Antonio (Con cl.) $ Groos Nat Bank— i 60 100 South Texas Nat Bk- Common mm em mm Waco— 6,081,312 4,529,810 20 57 59 10 26^ 28 2,812.360 120 Citizens' Nat Bank.. First National Bank. National City Bank. i 100.000 100 170 180 50 80 85 80 100 Spartanburg— Com'l Nat Bank— Common Preferred National Banks State 1,091,402 625.000 375,000 1 275,000 Common Preferred 419,732 1,537,530 12,700.000 Bank of Knoxville— Oomm'l Bk A Tr Co. HamiltonNationalBk i 50,000 d 200,000 < Park National Bank. 925.000 1,000,000 58,236 130,937 1,451,905 571,985 Nomi nal. 10,859,034 100 9.510,750 J100 1100 43,326,524 100 100 1,352,537 2,986,394 6.25 100 24,787,254 100 11,263,228 190 200 150 155 "136" 135" 140 150 9 10 235 100 210 510,000 137,298 First Security Bk NA Salt Lake City— <1,000.000 1,303,768 i 358,225 938.067 820,721 1,185,144 Oontl Nat Br Air Co First National Bank Utah State Nat Bank Nat Bk of Commerce 750,'MX 1,000.000 300,'HIP 100 4,887,738 68,341.298 10 100 3.000.000 3,500,000 Preferred J 1,454,192 618,553 894,935 300,001 1,000.00( d Broadway Nat Bank Commerce-Union Bk Nashville Trust Co— 500.000 Id 855,934 ... 1,133,300 Preferred Third National Bank 1.000.000 1,408,426 100 100 65 75 100 170 175 185 185 100 100 100 125 135 29,118,568 /100 115 125 12,896,063 18,459,077 16,773,492 14,251,500 3,115,402 1,500,000 Common 300.000 Capital notes Notional Banks March 29 j 741,106 ■t Slatf VERMONT — —... Institutions March 29 310 27 M 28 Nomi nal. Per 54,793,169 f 10 1100 20 5,406,969 10 22,215,551 14 15 9,302,254 J100 1100 100 26,379,357 "26"" "21" Jranite 8 B A Tr Co < 210.000 200.000 People's Nat Bank.. 204.500 Jnarry 8 Bk A Tr Oc Burlington— Ohittenden Co Trust < 491.500 600.000 HowardNatBKATrCe 150.000 Vlerchants Nst Bank Burlington Trust Co. <1.085.961 105 110 240 250 March 29 Per i 478,222 585,759 576.750 Capital Nat Bank— Capital stock 125.000 75.000 161,711 400,000 400,000 200.OOf Preferred stock... 583,847 803,935 89,692 share. 100 13.512,777 15,368,117 d d 100 697,144 502,846 80.442 405,688 6,812,939 100 100 N 40 100 re cent 3,386,227 sa les 100 75 100 100 100 6.410,671 937.643 407.500 d 2,498,869 209,014 100,000 < 116,982 150,000 V 175,800 Capital 8 B 4 Tr Or < 106,747 224.312 2,885,222 1100 100 20 2,310,517 1,346,499 100 614,951 d 150.000 100.000 295,156 100.000 I niementNat Bank— SOllngton Nat Bank Rutland Go Nat Bk: 0 mm • — mm mmm 25 30 • mmmmm 165,559 136,757 125,000 Preferred.. Rutland Trust Co... 10 2,859,000 1,024,359 < 252.500 d 152,145 100 N 0 re Common 100 3.262,152 J100 1100 d share. 3,608,580 2,641,176 1,947,486 Rutland— Nomi nal. 300.000 d 500,209 226,253 165,876 First National Bank: Hontpeller Nat Bank Vdontp'r 8 B & Tr Co Slate Institutions Austin— c Montpelier— (6) Preferred TEXAS 185 195 Walker Bk A Tr Co: Common... National Banks March 29 share •mmmmm Barre— 3,500,00( — American Nat Bank. Austin Nat Bank... 237.456 6,616,743 18,683,534 230 43,554,501 27,788,213 1,370,283 Nashville— American Nat Bank Common 900.000 750,000 < < Slon'B 8av Bk A Tr Utah 8av & Trust Co 305 100 297 300 i 245 1,815,721 1,000.000 2,190,030 50.000 d 87,107 1.000.00(1 State Savings Bank. Union Planters' Nat') Bank A Trust Co. Common Pet Ogden— Memphis— First National Bank. Institutions March 29 Institutions March 29 Nomi nal. Per share. Chattanooga— Oo_. Commercial Nat Bk: 3tatf UTAH Commercial Sec Bk Amer Tr & Bkg Hamilton Nat Bank. Knoxville— National Banks March 29 TENNESSEE March 29 25 120 cent 3,091,119 (100 1100 2,071,742 100 sa les ...... •loo" BeaumontAmerican Nat Bank. First National Bank. Secur St Bk A Trust jp) ft 8 I First National Bank- 25.000 250,000 Liberty State Bank: Mercantile Nat Bk— Common — .. Preferred RepubllcNat Bank.. Nat Bank of Comm. Bank— Oak Cliff Bk & Tr Co: Dallas Nat 1,200.000 11,120,825 800,000 4,000,000 4,067,116 150.00C 395,649 1.000.00C 890,589 100.000 49.300 Common Capital notes Texas Bank & Tr Co: 125,000 66.000 Common Capital notes 100 J 108,949 j 91,926 N 0 sa 20 48 H 31,002,923 / 20 1100 20 74,367,267 6,315,603 23,316,523 100 20 "49" 38^ 50 39 H 20 "46" 40 2,468,223 / 32 El Paso Nat Bank.. 300.000 Continental Nat Bk. First National Bank: 479,340 1,568,585 300,000 750.000 1,500.000 508,560 860,935 1,500,000 500,000 Preferred 15,420 Fraternal Bk A Tr Co 220,000 Union Bank A Tr Co i \2,546,675 i Common Preferred Preferred Houston Nat Bk— o 238,680 } 3.000.000 1,675,000 42 20 42^ 44 388,058 13,967,402 20 "ilO"" 130" sa 100 cent les .... 9,500,457 21,099,202 802,526 70,617,927 2,073,750 1,250,000 U.276.282 1,650,000 412,090 200,000 200,000 d 198,318 50.060,695 535,659 117,807 100 I 115 20 37 51,970,382 flOO 1100 40 Central National Bk. Oonsol Bk & Tr Co., 1,000,000 3.000,000 200.000 12,792,485 J100 1125 100 31,273,701 100 47,026,294 100 9,528,240 31,738,099 100 95 100 80,000 554,170 328,138 500,000 895.000 884,015 200.000 L 147,339 85,000 1.200.000 1,259,991 8$ 355 100 240 100 120 25 36 10 11H 10 10 250 121 365* 125* 330 cent les 20 , 39 42 20 10 275* 32 20 "48X ~485* 105 100 Common ..... .southern Bk & Tr Co Virginia Trust Co... <1,000.000 Roanoke— Colonial-A mer Nat B 500.000 First Nat Exch Bank 1.000.000 1,750,735 800.000 384,334 944,149 402,496 © 3.747,314 4,143,106 5,680.907 25 15 5,549,724 26,620,745 5,360.618 145* 50 27 "30" 70 50 100 100 155* "7"" 70 ...... 225 90 National Banks March 29 WASHINGTON Statf Institutions March 29 295 302 6,736,339 J100 95 Nomi nal. Per Seattle— 230" 70 100 100 100 re sa 360 160 215 Seattle—First Nst Bk Nat Bk of Commerce Pacific Nat Bank... Peoples N B of Wash- "l60 2,758,830 J 50 1 50 0 100 100 "270" 285"" 100 38,121,302 N A Trust Co: 100 100 17,767.089 /100 1100 75* el 66" 100 5,295,959 4,056,831 "5" 10 50 . Bank Mountain Trust. Bk. 160 45.667,652 91,310 7,482,724 5,429,719 600,000 8.000,000 2.500,000 2 500,000 1,350.000 Sumitomo B of Seattle "78" 45 "255"" 400.000 550.000 6.903,672 157,237.868 a 20 75,603,333 / 25 4,017,251 100 1,316,560 23,198,162 20 870,024 25,484,732 2,019,497 100 115,784 20 5,387,416 197,394 50 7,615.499 543,239 365* 154 r 31 share. 375* 157 34 mmmmm 24 60 63 99 625 145 200,000 University Nat Bank U5 52 •50 230 t Stock of South Texas National Bank of San Antonio, Texas, all held by Central Securities Co. with exception of directors' qualifying shares. a Member of First National Corp. b Member of First Security Corp. e Sept. 28, 1938. d Dec. 31, 1938. « Preferred stock retirement price. / Member of the Marine Bancorporatlon. a Affiliated with the Citizens & Southern Nat. Bank of Atlanta, Ga. i Common and preferred stock outstanding. I Last sale. o % "! Co.. Sav Bank A Tr Co.. 1100 100.000 200,000 I 6U I 5 Richmond— r <yj Trust Preferred 50 Bexar Co Nat BankCommon 986,799 1,017,390 66,095 3.530,702 135,012 Oltlzens State-Planters 0 Alamo National Bk: Preferred-----Frost National Bank 5,977,171 1,187,683 2,937,424 Mech A Mer Bank.. N 100 1 20 305.000 ....... . 193,494 83,234 221,283 Bank of Comm A Tr Nat Bk345.000 1 Preferred 2,764,582 2,688.857 Seattle Tr & Savs Bk II.500.000 Oommon Common. 81,549 250,000 d 445,000 67 100 5,852,128 jl.886,859 Preferred Port ArthurFirst National Bank. Merchants Nat'l Bk. San Antonio- 181,629 < 63 40 100 9,302,644 10,742,230 632,500 1 339,808 367,500 1.000,000 1,731,240 Second Nat'l Bank. 12,750.000 4,395,576 Nat Bank of Comm 900,000 State National Bank 1 424.393 1.000.000 1.430,499 Union National Bank South Texas Com¬ I.500.000 2.092,540 mercial Nat Bank. 200,000 232,219 Fidelity Trust Co— 600,000 1,006,480 Guardian Trust Co.. San Jacinto 200,000 276.000 First A Mer Nat Bk 14,880,627 4,896,433 — Houston Land A Tr. 3,542,150 33,136,545 17,968,675 1,868,221 500.000 10 390,249 1,070,424 Common... Preferred 479,869 250,000 856,970 2,500,000 1,500,000 1,104,029 150.000 d 76,490 Seaboard Oitz N Bk. 120 1525* 5 349,620 642,196 3,076,579 < First Nat BankCommon........ 88,578 86,049 478,049 121,800 < City National Bank: 500,000 100.000 100 100.000 300,000 < Loan Bank PortsmouthAmerican Nat Bank. 20 41,203.325 | 392,578 723,240 250,000 100 Petersb Sav & AmTr 60 15,371.955 33,692,864 428,711 397,125 750,000 500.000 60 Citizens Nat Bank re National Bank... 4,235.949 4,076,090 100 Hutchlngs-Sealy U S National Bank.. Houston— Citizens State Bank. 536,931 382,550 100 11,188,088 22,350.154 1 200,000 200.000 600,000 600,000 1 153 100 Petersburg- Galveston— City National BankFirst National Bank. 7,992,552 Com'l Tr & Savs Bk: Southn Bk of Norfolk 88,818 9,532 605,419 People's Nat Bank.. Depositors Industrial Merch A Farmers Bk — Nomi nal. Per share. 1,000.000 Trust Co Nat Bk of Commerce Ft Worth Nat Bank: Common—-- A Merch A Planters Bk 33 El Paso— State National Bank Fort Worth— Lynohburg— National Bank. Lynchburg Nat Bank First Lrncbburg Tr A 8 R. Norfolk— 215 44 20 March 29 50 ""49" "50k 2,409,258 J IState Institutions VIRGINIA March 29 les 100 100 National Banks rec ent 100 6,179,368 116,009,898 1,677,801 68,878 5,223,521 180,304 8.000.000 Hillcreet State Bank. 100 10.761,350 13,259,286 2,272,984 Controlled by the Joseph F. Meyer interests, Member Peoples Corp. Ex-dividend, y Rights. June, 1939] AND BANKS National Banks TRUST National Banks WASHINGTON s,areM™,ons March 29 111 Bid Par Deposits Ask Stale WISCONSIN March 29 Gross Surplus & Profits Capital COMPANIES Gross Surplus & Profits Capital Institutions March 29 Deposits Bid Par Nomi nal. Spokanw— $ First Nat Bk in Spok Old N $ 500.000 a Per $ 130,256 share. 40 100 6,025,259 45 B & Un T Co. Common 600.000 1 22,140,354 711,395 8,278,895 100 958,886 263,747 Preferred 400,000 200.00C Tacoma— Nat Bank of Wash— al.412.500 Paget Bound Nat Rk a 750,000 22,149,138 6,083,549 100 t J100 1 IX \100 — Washington Trust Co 130 17 25 Nomi nal. Per 1,062,500 500,000 I 20,916,941 |1,584,850 1.000.000 6 National Banks $ % $ 466.700 400,000 300,000 2,100.532 4,801,923 4,487,893 4,501.913 66,887 887,986 328,227 647.512 20 Per 6 share. 7 100 150 200 20 34 36 100 WYOMING March 29 Cheyenne— March Charleston— Side Bank Wisconsin State Bk. PHrst Wise Trust. Co 150 19 NaTaTT' WEST VIRGINIA ""VS?™ 29 Charleston Nat Bk: Common Preferred KanawhaBkg&Tr Co Milwaukee (Concl. ) TeutonlaAveStateBk West 718,735 Ask Nomi nal. Per American Nat Bank. Stock Growers N Bk. 250.000 6,479,917 7,942,819 311,265 291,082 300.000 share. 100 100 share 25 i 40 Canadian Bank Statements 600,000 387,646 5,203,575 100 1,000,000 20,677,896 3,369,089 s 877,559 100 re cent 200,000 600,000 1,380,995 105,910 288,312 100 sa 1,000.000 1,258,000 16,612,000 al22.000 31,000 930,000 12J*o Kanawha Valley Bk. Nat Bank of Comm. Central Trust Oo N 0 Returns les are all of Mar. 31,1939. Prices are per cent, not per share. 100 Huntington— First Hunt g Nat Bk Twentieth St Bank- Wheeling— Center Wheeling Sav 150.000 93,350 1,108,887 570,763 4,773,689 118,410 674,377 542,003 151,799 788,152 1,712,945 4,758,821 5,888,557 1,124,382 4,899,359 fl .800,000 2,550,coo 23,678,765 NOVA SCOTIA 100 449,605 500.000 500.000 100.000 300.000 16% 65 100 600,000 i a Mutual a / Oitlsens 15% 50 Tr Oo Half Dollar Trust & Say Bank Nat Bank of W Va_. Nat Exchange Bank. 1 So Side Bk & Tr Co. Security Trust Co.. Wheeling Dollar Sara & Trust Oo National Bankt 20 110 100 124 100 100 100 300 100 175 130 Exchange State Bank Nat Bk of La Crosse. State Bk of La Crosse March 29 20 4,733,131 100 1,176,780 6,919,913 elOO 100 2,610,328 20 2,422,935 3,383,434 20 24 27 100 30 40 200,000 City Bank & Tr Co— 345,500 a . 25 N Preferred 7,500,000 15.927,074 220,348,087 f 7,500,000 1 a350,000 159.662 2,076,733 — Home Savings Bank. Kilbourn State Bk— sa — 1,654,043 1,186,346 4% 4% mmrnrnmm 17 20 20 100,000 16 62,525 300,000 2,200,000 2,383,889 a2,955,000 1,836,304 a 690,000 38,236 a 58,800 150,000 a 539,500 133,485 a 550,000 41.711 Income debentures Marine Nat Exch Bk Marshall & llsley Bk Mitchell St State Bk. Northern Bank—— Park Savings Bank.. State Bank of Mllw. "l9"" 100 (Concluded from Occidentals in 20 40 43 20 19 21 2,028,222 2,190,000 1,650,621 2,092,000 100 Imperial Bank of Oan 7.000.000 8,^oo.nnol 135,855,208 Per >cent. 100 246 100 16734! 100 204 .206 100' 212 L.-r., 250 QUEBEC Montreal— Bank of Montreal 36,000.000 39.000,000 723,127,068 7.000.000 5,000,000 131,507,311 750.000 20.9J6.914 1,500,000 Provincial Bk of Oan 4,000,000 1,000,000 47,973,350 Boyal Bk of Canada. 35,000,000 20,000,000 784,822,446 Banque Oanadienne. Barclays Bk (Canada) 100 100 100 100 100 Per 212 cent. 165 ?18* 167 187 199 t Wisconsin Bankshares Corp. no par stock. Common and preferred stock debentures outstanding. b Sept. 28, 1938. c June 30, 1938. d Dec. 31, 1938. e Member of the Northwest Bancorporatlon. / Citizens Mutual Trust Co. of Wheeling, W. Va., recently merged with the Wheeling Dollar Savings & Trust Co. of Wheeling through the medium of a purchase of their assets. 20 45"" "55"" 100 20 4% 5% i Member First s Trust funds. 18) National Corp. t All stock held by Old National Corp. DAILY OF FOREIGN EXCHANGE Switzerland Portugal Franc Escudo Franc North China Fed¬ eral Reserve Bank. RATES France Shanghai and elsewhere in their opposition to the irredeemable paper currency of the 300 a 37,712,609 46,661,206 page 100 I Bank of Toronto 6,000.000 9.000.000 125,721,185 Oan Bank of Comm. 30,000.000 20.000.000 540,881,012 Dominion Bank 7,000,000 7,000,000 113,776,681 les Lincoln State Bank: Common 24,000,000 261,741,466 cent, 302 re cent t 34,425 150.000 a Ask Per 0 First Wise Nafl Bk— Common Bid Par S , Milwaukee— Amer State Bank— $ ONTARIO 137,908 114,388 100.000 $ Bank of Nova Scotia 12.000.00f Toronto— 245,131 47,298 321,560 182,201 500,000 175,000 400.000 a Halifax- Deposits 180 Nom inal. Per share. La Crosae— Batavlan Nat Bank. Gross Surplus & Profits Capital Institutions State WISCONSIN March 29 25 100 Checks Cables Checks Cables Checks May 2.64%a2.64K 2.64%a2.65 silver was 20 3/16d. on May 1, 31. The Hongkong dollar was May 2.6415i8a2.651i, 22.45022.46% 22.45%o22.4? 4.24%o4.27 2S.72@28 15/16 on May 1 and 29.04@29^4 on May 31. The Shanghai dollar was 16.09@16*4 on May 1, and 15.98@ I614 on May 31. Yen checks were 27.27@27.30 011 May 1, May 2.64^a2.65 2.64%a2.64% 2.64Ma2.64^ 2.64^a2.64% 2.64%a2.64% 2.64%a2.64% 2.64%a2.64% 2.64%a2.64% 2.64%a2.64% 2.64%a2.64% 2.64%a2.64% 2.64%a2.65 The London 19 and and price 15/16d. for May on 27.28@27.31 May May May 10 May 11 i i 1 1 1 1 l 1 1 t 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I 1 1 1 1 to 1 l 1 1 I I 1 1 1 I 1 1 1 1 1 1 1 1 1 1 1 t 1 1 1 1 1 1 i 1 1 1 t 1 1 1 t 1 1 1 t l May 12 s I l 1 lit I I 1111 i 1 1 1 1 l.i 1 « 1 itit if. 4- if. If. 4* >f» If. 4. 4. if. 4. 44 4* 0) 0)000)0)0 ooooocooooao 1 1 11 1 1 May 13 May 15 4*4*4*4*4*4* May 16 0 0 0 0)00 May 17 May 18 w a a a a a a 4» 4. 4. 4. 4- 4. a a a a a a a a a a a a 4.4.4.4.4. ifw 4. 4. 4.4. 4. 4. 000000 00 00 00 00 oo 00 <* \M W 0* N o» M H \ui M £ n M oo\ oo\ oc\ a» 4*. 4-. tfa 4* 4^ O) Oi O 05 Oi O) (JO V-1 \>- a 0 4* a it* o) a ^ » If. 44 4. 4. 4. 4. 00 \v— tn \M f May 25 *•* Hyi £ otfsoSs aaaaaa ^ . May 24 4.4.4.4. 4.4. OOOOOO 00 00 00 00 00 00 a 4^ 4. 4.4. 4.4- O 0) Cti O) O) O) 00 00 00 00 00 00 © (J0 4. 4. 4. 4. 4. 4. Oi V- \t-< a May 22 May 23 oos H — aaaaaa 44 4. 4.4.44 4. May 26 h s & May 27 a 2 ** >' vo, si- S4 c c. \l— \ s X 44 4. 444444444444 44 44 44 44 44 4. 444.44444.44 44 4. 44 44 4. 44 O O) —I OOOOOO —t —t -t —t —t 00 OOOOOO —I -t 00 -t —J 00 OOOOOO -4-4-4-4-4-4 OOOOOO 00 May 31 0 5 wv-'vix-i JT oo\off\oeSQff\oo\ or. >-\*i s-, VV x\ otf\oo\ \mvj\j4\M ♦\oiSOOS<.\ .T O May o 45. 4* 4* If. 44 4. 444444444444 O 2 Q 44 □ 4. 44 44 44 4. 4. >b)rb)b)b) 000 -1-4-4 —t * 5R| HawRBB a a a *5 K] —t —i —t 44 44 44 44 44 44 i a a a a a 44 44 44 44 44 #00 oo\ 44 44 44 44 44 44 O O O O 0)000 0000 £ sr.? a.?}***** o pi a a a a a a Jaa a a a a O 44 44 44 44 44 44 u 44 44 44 44 44 b 44 w w< w w* « OOOOOi'vOOO wv u; ww wj 000 w- v« , -t-to « 01 o vr-^* 44 a o. o> j*,r C o,® — _ » • a 4. o o 4. 44 44 44 44 4. O) eaaaoa 44 44 44 44 \M 44 4 o> 0000 o-too aaaaaa 44 44 44 44 44 44 aaaaaa 44 44 44 44 44 44 CD aaaaaa 44 44 4.4. it^ 44 CD H a o o £ May May May 10 May 11 O 444444444444 o .r.r.riRX* m 0, 44 44 4. 4.44 44 May May O O O O 0) C) OOOOOO M ffgr J-N-r »■» o» a» SURsVf*: May 12 May 13 « 44 44 .44 44 4.44 44 44 4.44 44 44 44 4. 44 44 44 44 44 44 O O OOOOOO -t -I OOOOOO —I —I -1 -I —I -t May 15 May 16 May 17 May 18 w W\ ca\ 44 44 b 44 4. 4. 4. 44 44 —1 —t —J —) —t —J a at at £« 44 4. 44 44 4. 44 44 44 4. 44 44 44 ££££;££ szXss-X b I ,?SK.rKK §ll ftoSf S a a 5 ? May 22 May 23 May 24 May 25 May 26 May 27 4k ^4 44 44 44 44 22.52o22.53 40.lla40.14 Cables May 29 22.62%a.54% 4.24%o4.27 Belgium Belga Checks Hungary Pengo Cables 40.11%a40.15 17.00al7.02 17.00%al7.03 40.11%a40.14 40.12a40.15 17.01al7.02% 17.01%al7.03 40.11040.13 40.11%a.l3% I7.01al7.02% 17.01%al7.03 40.11a40.13 40.11%a.l3% 16.98ol7.01 16.98%al7.02 40.lla40.13 40.11%a.l3% 17.01%al7.03 17.02al7.03% 40.12a40.15 40.12%a.l6% 17.01%a.02% 17.02al7.03 Checks 19.60ol9.80 19.60ol9.80 19.60ol9.75 19.60ol9.75 19.60ol9.75 19.60ol9.75 SUNDAY 40.11%a40.13 40.l2a40.14 40.12a40.13% 40.12%a40.14 40.11%a.l3% 40.12a40.14 40.11%a.l3% 40.12a40.14 40.11%a.l3% 40.12a40.14 40.12a40.13% 40.12%a40.14 17.01%a.02% 17.02al7.03 17.01%a.02% 17.02al7.03 17.01%a.02% 17.02al7.03 17.01al7.02 17.01%a.02% 17.01al7.02 17.01%a.02% 17.01al7.02% 17.01%al7.03 19.60ol9.75 19.60ol9.75 19.60ol9.75 19.60ol9.75 19.60ol9.75 19.59ol9.75 SUNDAY 40.12a40.13% 40.12%a40.14 17.01%al7.03 17.02al7.03% 40.11%a.l3% 40.12a40.14 17.01%al7.02 17.02al7.02% 40.11a40.13% 40.11%a40.14 17.01%a.02% 17.02al7.03 40.11040.13 40.11%a,13% 17.01%o.02% 17.02al7.03 40.11%a.l3% 40.12a40.14 17.02al7.02% 17.02%al7.03 40.11%a40.13 40.l2a40.13% I7.02al7.03 17.02%a.03% 19.58ol9.75 19.58ol9.75 19.58ol9.75 I9.60al9.75 19.58ol9.75 19.58al9.75 SUNDAY 40.10%a.l3% 40.11a40.14 17.02al7.02% 17.02%a17.03 40.11a40.13% 40.11%a40.14 17.02al7.02% 17.02%al7.03 40.10%a40.13 40.11a40.13% I7.01%a.02% 17.02al7.03 40.10a40.12 40.10%a40.13 17.01%o.02% 17.02al7.03 40.10a40.12 40.10%a.l2% 17.02al7.02% 17.02%al7.03 40.11a40.12% 40.11%o40.13 17.02al7.02% 17.02%al7.03 May 28 May 30 22.52%a.53% 4.24%o4.27 2.6415ifla2.651i61^2.52022.54 May 21 0 44 44 44 4.44 4. May 19 May 20 § OOOOOO O-t-1-IOO 2.64%a2.65 May 14 tr1 r 2.6415ifla2.65 May a o 5 o o r*0) £b —t—l-t—l—I-4KJ—I—1—I—l-JO fZ f<-l ' 3UR- = May May u OOCftOOi—.C&ObCi 000 --OOOOOO -too ®OOOOOO WO O® O O O -t -t -t pz 4.4444444444 22.49%a22.53 4.24%o4.27 22.52%a.54% 4.24%o4.27 22.51%o22.53 22.52a22.63% 4.24% 04.27 22.52022.53 22.52%a.53% 4.24%o4.27 22.52%o22.54 22.53a22.54% 4.24%o4.27 22.52o22.53 22.52%a22.54 4.25 o4.27 22.52o22.54 HOLIDAY Checks May \-i 22.49022.52 Reichsmark — -4-4-4-400-4 4.24%o4.27 4.24%o4.27 4.24%o4.27 4.24%o4.27 4.24%o4.27 4.24%o4.27 SUNDAY 2.64%a2.65 Germany H 04.27 SUNDAY 2.64%a2.64% 2.64%a2.65 2.64%a2.64% 2.64%a2.65 2.64%a2.651ie 2.64%a2.65 2.643402.64"I6 2.64%a2.65 2.6434o2.6415I6 2.64%a2.65 2.6434a2.6415i« 2.64%a2.65 May 30 — \v~* 4.25 SUNDAY 2.64%a2.651i6 22.46% a.47% 22.47a22.48 2.64%a2.651i6 22.46%o.47% 22.47022.48% 22.47o22.49 2.64%a2.65 22.47%a.49% 22.47o22.48 2.64%a2.65 22.47%a.48% 2.64*io2.64lsi6 2.64%a2.65 22.48a22.48% 22.48%a22.49 22.49%o22.51 22.49% 022.52 2.64% 02.64% 2.64%a2.65 2.64%a2.64% 2.64%a2.64% 2.64%a2.64% 2.64%a2.64% May 28 May 29 OOOOOO 00 00 00 00 00 00 «« 22.44%o.45% 22.45o22.46 SUNDAY May 21 ssaoKSs* od\ 00\ 0D\ oo\ oc\ oo\ a a 00 00 00 00 00 00 May 19 May 20 OOOOOO 00 00 00 00 00 00 M £ £ 00 00 00 00 00 00 (X) K 000000 afifiasn 4. 4. 4. 4. -K 4. 22.44%o22.46 22.45022.46% 4.24%o4.27 22.43%o22.45 22.44o22.45% 4.24%o4.27 22.44%o22.46 22.45022.46% 4.24%o4.27 22.46a22.46% 22.46%a22.47- 4.24%o4.27 2.64%a2.65 22.45%o.46% 22.46a22.47 ' 4.24%o4.27 22.47a22.49 2.64%a2.65 22.47%a22.50 4.24%o4.27 2.64%a2.651i6 22.46%o.47% 22.47a22.48 4.24%o4.27 2.64 %a2.65 22.45%o22.46 22.45%O.46% 4.24%o4.27 22.45o22.46 2.64%a2.65 22.45%a.46% 4.25%o4.27 May 14 -1 -100 -i -too 00 4. 4. if. If. 4* if. 2.64%a2.65 2.64% 02.65 2.64%a2.65 2.64%a2.65 May May May 31. 011 May May 22.45%o.46% 22.46022.47% 4.24%o4.27 19.58al9.80 I9.58al9.75 19.58ol9.75 19.58al9.75 19.58al9.75 19.60al9.75 SUNDAY 40.11a40.12% 40.11%a40.13 17.02ol7.03 17.02%a.03% 19.58al9.75 17.02%a.03% 19.58al9.75 HOLIDAY 40.11a40.13% 40.11%a40.14 17.02al7.03 . 1 MONTHLY REVIEW 112 DAILY RATES FOREIGN EXCHANGE (Concluded) OF Netherlands Denmark Krone Canada Peso Zloty Checks Cables Checks Cables 18.81al8.85 May 1. ls32aM% 18.81al8.86 May 20.89 34a.9034 20.89 34 a.90 % 18.81al8.86 May 18.81al8.86 May 7iea1332% ls32a1332% 33c.ia7i6% 18.81al8.86 May 2. 3. 4. 5_ 1532a7ia% 18.81al8.86 May 6. discount discount discount discount discount 1532a7i6% May 7. 53.27Ma53.38 53.28a53.39 53.34a53.38 53.3434a.3834 20.89a20.90 53.31a53.38 53.32a53.39 20.89a20.90 53.38a53.44 53.3834 a53.45 20.89a20.90 53.41a53.44 53.4134a.44 34 20.89a20.90 20.89 34a.90 34 20.89 34 a. 90 34 SUNDAY 53.50a53.53 53.51a53.54 20.89 34 a.90 34 18.81al8.86 May 8. 53.56a53.61 53.56Ma53.62 20.89a20.89 34 20.89 34 a20.90 20.89 34a.90 34 53.6834a53.75 20.89a20.90 20.8934a20.90 20.90a20.9034 53.60a53.68 18.81al8.86 May 18.81al8.86 May 9. 10. 11. 12. 13. 14. 15. 16. 53.68a53.74 53.59a53.67 53.53Ma53.64 53.54a53.65 53.64Ma53.67 53.65a53.68 20.89a20.90 18.81al8.86 May 20.89a20.90 20.89 34 a.90 34 18.81al8.86 May 20.89a20.90 20.89 34a.90 34 18.83al8.86 May May SUNDAY 53.8034a53.95 20.89 34 a20.9l 20.90a20.9134 53.7034a53.86 20.89 34a.90 34 20.90a20.91 20.89 34a.90 34 53.64a53.7034 20.89a20.90 20.89a20.90 20.89 34 a.90 34 53.61Ma53.70 53.62a53.71 20.89a20.90 20.89 34a.90 34 53.77Ma53.83 53.78a53.82 53.80a53.94 53.70a53.85 53.63a53.70 53.73 34 a53.76 20.89a20.90 53.73a53.75 53.63a53.68 20.89 34 a.90 34 18.82al8.86 May 18.83al8.86 May 18.83al8.86 18.82al8.85 17. May 18. 18.82al8.85 May 18.82al8.85 May May May SUNDAY 53.6334a.6834 20.89a20.90 53.72a53.76 53.7234a.7634 20.89a20.91 53.71a53.75 20.8934a.90 34 18.82al8.85 May 20.8934a20.92 53.67a53.75 20.89a20.90M 20.89 34a20.9l 53.72a53.75M 20.89a20.90M 20.8934a20.9l 53.66a53.74 18.81al8.85 May 20.89 34a.90 34 20.89 34a.90 34 18.81al8.85 May 53.68 34^53.73 53.69a53.7334 20.89a20.90 20.89a20.90 53.69a53.7234 53.70a53.73 18.81al8.85 May 18.81al8.85 May 18.81al8.85 May May SUNDAY May 18.81al8.85 53.7034a53.74 20.89 34a.90 34 20.90a20.91 53.70a53.73 May HOLIDAY May 18.81al8.86 53.6934a.77 34 20.89 34a. 90 >4 20.90a20.91 53.69a53.77 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. discount May 56.98 56.98 56.98 56.98 "32 a %% discount 31.20a31.21 31.21a31.22 2764aH32% discount discount 31.20a3l.22 31.2la31.23 31.21 31.22 56.98 31.22a31.23 56.98 "32% SUNDAY May May May U82a516% 5ioa34% discount 31.2la31.22 31.22a31.23 56.98 5iea93E% discount 31.21a31.22 31.22a31.23 56.98 discount 31.20a31.2l 31.21a31.23 56.98 discount 31.20a31.21 31.21a31.22 56.98 discount 31.20 31.21 56.98 U32afl32% 34a3i#% 2364a3i«% SUNDAY discount 24au32% 34a5ie% discount discount 21«4a»32% discount discount discount 5iea34% 6iea%% 8320 17 6 4% 832a34 % discount Ma7«% discount May May May May Cables 3.63 7.50 3.63 7.50 3.63 7.50 5.17a5.19 3.63 7.50 4.. 5.49 5.50 5_. 5.49 5.50 5.17a5.19 3.63 7.50 6.. 5.49 5.50 5.17a5.19 3.63 7.50 78_. 9_. SUNDAY 5.49 5.50 5.17a5.19 3.63 7.50 5.49 5.50 5.17a5.19 3.63 7.50 5.49 5.50 5.17a5.19 3.63 7.50 5.49 5.50 5.17a5.19 3.63 7.50 5.49 5.50 5.17a5.19 3.50 7.00 5.49 5.50 5.17a5.19 3.50 7.00 5.49 5.50 5.17a5.19 3.50 7.00 5.50 5.17a5.19 3.50 7.00 5.50 5.17a5.19 3.50 7.00 5.45a5.50 5.17a5.19 3.50 7.00 5.17a5.19 3.50 7.00 SUNDAY May 17.. 5.49 5.49 May 18.. 5.44a5.49 May 19.. 5.44a5.49 5.45a5.50 May 20.. 5.44a5.49 5.45a5.50 3.50 7.00 5.17a5.19 3.50 7.00 5.43a5.50 5.17a5.19 3.50 7.00 5.40a5.50 5.17a5.19 3.50 7.00 5.17a5.19 3.50 7.00 5.40a5.50 5.17a5.19 3.50 7.00 5.40a5.50 5.17a5.19 3.50 7.00 3.50 7.00 5.45a5.50 May 22.. 5.44a5.49 May 23.. 5.42a5.49 May 24.. 5.39a5.49 May 25.. 5.39a5.49 5.40a5.50 May 26.. 5.39a5.49 May 27.. 5.39a5.49 SUNDAY May 28.. Cables 5.40a5.50 5.39a5.49 5.40a5:50 5.17a5.19 3.50 7.00 Venezuela Peru Japan Hongkong Peso May 31., Bolivar Sol Yen Dollar Checks Checks Checks HOLIDAY Checks Checks May 61.60 31.75 18Mal9M 27.27a27.30 28.72a28»xs May 5.26Ma5.26M 5.26Ma5.26M 5.26Ma5.26M 5.26Ma5.26M 5.26Ma5.26M 5.26Ma5.26M 61.60a61.63 31.75 18%al9M 18Mal9M 18^al9M 18Mal9.00 18%al9.00 27.28a27.31 28.78a29.00 May 4.. 5.. May 6.. No rates 5.26a5.26M 5.26a5.26M 5.26a5.26M 5.26a5.26M 5.26a5.26M 5.26a5.26M May 7— available SUNDAY May May 8.. May 9__ 5.26a5.26M 5.26a5.26M 5.26a5.26M 6.26a5.26M 5.26a5.26M 5.26a5.26M May May 2.. May 3.. May ■ - May 10.. May 11.. May 12 May 13.. No rates May 14— available May 16— May 17— May 18.. May 19.. May 20— 5.26a5.26M 11.02MallM 11.02MallM 11.02MallM 11.02MallM 11.02MallM 11.02MallM _. May 23.. May 24__ May 25.. May 26— May 27— 5.26a5.26M 5.26a5.26M 5.26a5.26M 5.26a5.26M 5.26a5.26M 5.26a5.26M 11.02MallM May 29.. 11.02MallM May 31„ 31.75 61.60a61.62 31.75 May 61.60a61.62 31.75 61.60a61.62 31.75 28.75a28"i« 28.75a28% 28.73a28.85 27.28a27.31 27.28a27.30 28.75a28"x« 18%al9.00 18^al9.00 18?ial9.00 18Mal8M 18Mal8M 27.27a27.30 28.76a28»i» SUNDAY 27.27a27.31 28.75a28"n 27.28a27.31 28.73a28l5i« 27.28a27.31 28.84a291i» 61.60a61.62 31.75 61.60a61.62 31.75 May 11. 61.60a61.62 31.75 May 12. No rates i 61.60a61.62 31.75 27.28a27.31 28.86a297is May 13. 61.59a61.62 31.75 18%al8% SUNDAY 27.28a27.31 28.83a291n 18Mal8M 18Mal8M 27.28a27.31 28.87a291u 27.28a27.31 28.89a297n 18Mal8M 18%al8% l8Hal8% 18%al8% SUNDAY 27.28a27.31 28.88a29»u 27.28a27.31 27.28a27.31 28.93a29H 29.02a29% 27.28a27.31 29.03a29M 9.. May 14. May 15. 61.60a61.63 31.75 May 16. 61.60a61.61 31.75 May 17. 61.60a61.61 31.75 May 18. 5.26Ma5.26M 5.26Ma5.26M 5.26Ma5.26M 5.26Ma5.26M 5.26Ma5.26M 5.26Ma5.26M 61.60a61.61 31.75 May 19. 61.60a61.61 31.50 May 20. 61,60a61.61 31.50 May 22. 61.59a61.61 31.50 18% al8% 27.28a27.31 May 23. 61.60a61.61 31.50 \8%al8% 27.28a27.31 29.03a29M 29.04a29M May 24. 18%al8% 18Mal8M l8%al8Vi, 18%al8% SUNDAY 27.27a27.31 29.00a29*ie 27.28a27.31 29.00a29»i« 18% HOLIDAY May 21. 5.26Ma5.26M 5.26Ma5.26M 5.26Ma5.26M 5.26Ma5.26M 5.26Ma5.26M 5.26Ma5.26M 61.60a61.61 31.50 May 25. 61.60a61.61 31.50 May 26. 61.60a61.61 31.50 May 27. 61.60a61.61 31.50 61.60a61.61 31.50 May 28. May 29. 5.26Ma5.26M 5.26a5.26M 27.27a27.31 27.28a27.31 May 10. May May 30. SUNDAY May 30.. 31.75 61.60a61.62 May SUNDAY May 28— 61.60a61.62 May SUNDAY May 21 May 22 May available SUNDAY 5.26a5.26M 5.26a5.26M 5.26a5.26M 5.26a5.26M 5.26a5.26M 5.26a5.26M 11.02MallM 11.02MallM 11.02MallM 11.02MallM 11.02MallM 11.02MallM May 15- 5.26Ma5.26M 5.26Ma5.26M 5.26Ma5.26M 5.26Ma5.26M 5.26Ma5.26M 5.26Ma5.26M 5.17a5.19 5.39a5.49 Uruguay May 29., Checks Checks 5.17a5.19 SUNDAY May 21.. May 30., Cables Checks 5.17a5.19 Koruna Checks Sucre Checks 5.17a5.19 slovakia 1— Boliviano Checks 5.17a5.19 Czecho¬ May Ecuador Peso May 14.. 2.05Ma2.07 Lira 57.15 Bolivia May 13_. 23.52Ma.53M 2.05Ma2.07 Italy 31.22a31.23 May 12.. HOLIDAY Peseta HOLIDAY 31.2la31.22 May 11.. SUNDAY Spain 57.15 31.21a31.22 5.50 May 10. May 25.. 24.11a24.l2M 24.11Ma24.13 23.51Ma23.53 23.52a23.53M 2.05Ma2.07 24.llMa.l2M 23.51Ma23.53 23.52a23.53M 2.05Ma2.07 May 26.. 24.11a24.12 a2.07 23.52Ma.53M 2.06 24.llMa.12M 23.52a23.53 May 27.. 24.11a24.l2 May 31— 24.11a24.12M 24.11Ma24.13 23.52a23.53M 23.52Ma.54 57.15 31.22a31.23 SUNDAY 5.50 _. 24.llMa.12M 23.52a23.53 57.06 31.22a31.23 5.50 May 23.52Ma.53M 2.06Ma2.07 24.llMa.12M 23.52a23.53 2.05Ma2.07 24.11a24.11M 24.11Ma24.12 23.51Ma.52M 23.52a23.53 SUNDAY 21_. 2.05Ma2.07 22__ 24.10Ma24.12 24.11a24.l2M 23.51Ma.52M 23.52a23.53 24.11Ma.l2M 23.51Ma23.53 23.52a23.53M 2.05Ma2.07 23.. 24.11a24.12 2.05Ma2.07 24 24.11a24.12M 24.11Ma24.13 23.51Ma23.53 23.52a23.54 May 30— 31.22a31.23 31.21a31.22 5.49 May 24.11a24.l2 May 29.. 24.11a24.12 57.06 31.21a3l.22 Chile . May 28.. 31.22a31.23 3.. May 16.. . 31.21a31.22 5.49 23.52Ma.53M 2.05Ma2.07 May 20. 57.06 5.49 2.05Ma2.07 May 16.. 24.lla24.12M 24.11Ma24.13 23.51Ma23.53 23.52a23.54 May 17.. 24.10Ma24.12 24.11a24.12M 23.51Ma23.53 23.52a23.53M 2.05Ma2.07 24.llMa.l2M 23.51Ma23.53 23.52a23.53M 2.05Ma2.07 May 18.. 24.11a24.l2 May 19. 56.98 31.21a31.24 1.. May SUNDAY 24.11a24.l2M 24.11Ma24.13 23.52a23.53 56.98 31.22a31.23 2_. May 15.. . 31.21a31.22 31.2la31.22 31.20a31.23 May 2.05Ma2.07 23.52Ma.53M 2.05Ma2.07 May 11.. 24.lla24.12M 24.11Ma24.13 23.52a23.53 2.05Ma2.07 24.llMa.12M 23.51Ma.52M 23.52a23.53 May 12.. 24.11a24.l2 May 13.. 24.10Ma24.12 24.11a24.12M 23.51Ma23.53 23.52a23.53M 2.05Ma2.07 May 15. 31.20a31.21 May May 10.. 24.10Ma24.12 24.11a24.l2M 23.51Ma.52M 23.52a23.53 May 14.. 31.2la31.22 discount May 23.51Ma.52M 2.05Ma2.07 6.. 24.103^ a24.l2 24.11a24.l2M 23.51a23.52 SUNDAY 7.. 8__ 24.10Ma24.12 24.lla24.12M 23.51a23.52M 23.51Ma23.53 2.05Ma2.07 24.llMa.12M 23.51Ma23.52 23.52a23.52M 2.05Ma2.07 9.. 24.11a24.l2 May 56.98 May 23.51Ma.52M 2.05Ma2.07 23.51Ma.52M 2.05Ma2.07 23.51a23.52 56.98 31.21a31.22 SUNDAY May 23.52a23.53M 23.52Ma23.54 2.05Ma2.07 2.05Ma2.07 23.51Ma.52M 23.52a23.53 23.51a23.52 31.21a31.22 May 1.. 24.103^a24.12 24.lla24.l2M 23.5la23.52M 23.51Ma23.53 2.05Ma2.07 May 31.20a31.21 31.2la31.22 Checks Checks 56.98 56.98 31.21a31.22 Brazil Cables 31.2la31.23 31.2la31.23 31.20a31.2l Milreis Checks 56.98 31.20a31.22 31.20a31.22 31.20a31.21 Markka Cables 56.98 56.98 31.2la31.23 discount discount Finland Checks 31.21a31.22 31.22a31.23 31.20a31.22 discount Krone 2__ 24.11^a.l3M 24.12a24.14 24.llMa.12M 3.. 24.11a24.l2 4— 24.10^a24.12 24.11a24.l2M 5__ 24.-10 Ha24.12 24.11a24.l2M 31.20a31.2l 31.21a31.22 1532a7ie% 7iea1332% Norway May Checks 276«au32% Krona May Peso Cables 31.20a31.21 Sweden May Checks Checks Checks 20.89 34a.90 34 53.2534a53.36 20.89a20.90 20.8934 a20.9l 20.90a29.9134 53.25a53.35 Colombia Argentina Dollar Poland Guilder May 31. 5.26Ma5.26M 61.60a61.62 31.50 18% Philippine 27.27a27.31 29.01a29»xe 27.27a27.31 29.00a29*u 27.29a27.31 29.01a29»x« 27.28a27.31 29.04a29M Straits May 2.. May 3.. May 4„ May 5.. May 6.. May 8.. 9.. Checks Checks .70Ma.72M 1.20al.21 .70Ma.72 .70Ma.72 .70Ma.72 .70Ma.72 .70Ma.72 Checks .85Ma.86 .85Ma.86 .85Ma.86 .85Ma.86 .85Ma.86 a2.30 1.20al.21 2.26 1.20al.21 2.26Ma2.30 2.26Ma2.30 May 10.. .70Ma.72 .70Ma.72 .70Ma.72 May 11.. May 12. .70Ma.72 .71Ma.72M 1.20al.2l May 13.. .70Ma.72 1.20al.2l . May 16.. May 17— May 18— May 19.. May 20.. 1.20al.21 1.20al.21 May 23— May 24— May 25.. May 26— May 27— 1.20al.21 . 1.20al.2l 1.20al.2l 1.20al.2l 1.20al.2l .85Ma.86 .85Ma.86 .85Ma.86 .85Ma.86 .85Ma.86 .85Ma.86 1.20al.2l .70%a.72 1.20al.21 2.26Ma2.31 1.20al.21 1.20al.21 1.20al.21 .85%a.86% .85%a.86% ,85%a.86% .85%a.86% .85Ma.86M .85 %a.86% .85Ma.86 .85Ma.86 .85Ma.86 .85Ma.86 .85Ma.86 .85Ma.86 .85Ma.86M .85Ma.86M .85Ma.86M .85Ma.86M ,85Ma.86M .85Ma.86M 85Ma.86 .85%a.86% ,70%a.72 2.26Ma2.30M 1.20al.21 \ 34.96a34.99 53.53 54.34a54.50 34.97a35.01 53.54 49.80a4913ie 34,97a34.99 53.54 May 54.33a54.48 • 15.98al6M 49.80a49»ifl 54.36a54.45 34.96a34.99 53.55 May 15.98al6J£ 16.03al6M 49.80a4913ie 54.38a54.55 34.96a34.99 53.62 54.39a54.55 34.95a34.99 53.60 May May Checks 49.80a49«i« May May May 10. May 11. May 12. May 13. 15.98al6M 15.98al6M 15.98al6M 15.98al6M 15.94al6M 15.98al6M May 15. May 16. 15.98al6K 15.98al6M . 49.80a49«i# 54.43a54.60 54.45a54.60 34.96a34.99 34.97a34.99 53.70 49.80a491Ji# 49.80a49»is 54.43a54.60 34.97a34.99 53.85 49.80a49"i« 54.43a54»ie 34.95a34.99 53.77 49.80a49"i« 54.43a54'i8 34.95a34.99 53.82 54.42a54®i« 34.96a35.00 53.84 49.80a4913u 54.43a54»i« 34.94a34.95 54.08 49.80a4918u 54.42a54.55 34.91a34.94 53.88 34.90a34.93 53.83 49.80a49"i# May 17. 15.98al6M (49.80a49«i« 54.39a54.55 May 18. {49.80a49"i« 54.39a54.55 May 19. 15.98al6M 15.98al6M May 20. 15.98al6M 49.80a49»*n May 22. May 23. May 24. May 25. May 26. May 27. May 29. .85%a.86H TVTftV 31 53.78 SUNDAY 49.80a491,ie 34.89a34.91 53.86 54.38a54M •34.86a34.88 53.98 54.35a54M 34.85a34.89 53.90 SUNDAY 49.80a49"n 54.33a54.45 15.98al6M 15.98al6M l5.98al6M 15.98al6M 15.98al6M 15.98al6M 16.00al6Ji 49.80a491|i# 54.35a54.45 15.98al6M 49.80a49i»i» 54.36a54.50 •i 34.85a34.89 53.86 49.80a491Ju 54.33a54.45 34.86a34.89 53.93 49.80a4913u 34.86a34.89 53.88 49.80a49"i« 54.31a54M 54.33a54.45 34.88a34.90 53.91 49.80a49«i« 54.35a54.45 34.88a34.91 53.90 49.80a49»i« 54.35a54.45 34.87a34.90 53.88 34.86a34.90 53.90 34.87a34.90 63.86 SUNDAY HOLIDAY May 30. .85Ka.86 Checks SUNDAY May 28. SUNDAY HOLIDAY , 54.30a54.48 49.80a4913ie Checks May 21. 2.27Ma2.31 2.27Ma2.31 2.26Ma2.31 2.27Ma2.31 2.27Ma2.31 2.26Ma2.31 1.20al.2l Checks 49.80a4913io 16.00al6M 16.00al6M May 14. 2.26Ma2.31 SUNDAY 1.20al.2l ,70%a.72% .71Ma.72M .70Ma.72 .70Ma.72 .70Ma.72 .70Ma.72 May 30— May 31.. .85Ma.86 2.26Ma2.30 2.26Ma2.30 2.26Ma2.30 2.26Ma2.31 2.26Ma2.31 1.20al.2l May 28.. May 29. %a.86% ,85Ma.86M .85Ma.86M SUNDAY .70Ma.72 .70Ma.72 .70Ma.72 .70Ma.72M .71Ma.72M .70Ma.72M Checks 16.09al6M May May 2.26Ma2.30 2.26Ma2.30 2.26Ma2.30 2.28Ma2.30 May 21.. May 22.. .85%a.86M .85%a.86% .85%a.86% .85%a.86% .85%a.86% .85%a.86% .85 SUNDAY 1.20al.2l May 14.. May 15— .85Ma.86M .85Ma.86M .85Ma.86M May Cables .85Ma.86 .85Ma.86 .85Ma.86 .85Ma.86 .85Ma.86 .85Ma.86 2.26Ma2.30M 1.20al.22M 2.26Ma2.30 1.20al.21 2.26Ma2.30 1.20al.21 2.27Ma2.30 1.20al.21 2.26Ma2.30 7.. May May Peso Checks 1— Yuan Dollar Guilder Drachma Rupee Lev Dinar Dollar Leu May Islands Java Greece Shanghai India Bulgaria Yugoslavia Settlements Rumania