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K^' ie^?^ BANK/QUOTATION RECORD RES. FEBRUARY U. S. PAT. i! ' 0PRICE IN RETROSPECT Page F!!| 1 . Cotton. 9 . Federal Reserve Bank- I Page Hides and Leather . _ _• Iron and Steel Trade 14 Money Market 15 New 11 16 Petroleum and Its Products Security Issues 5 Rubber 17 Textiles 8 Stock Exchange--. _ _ Chicago Stock Exchange Detroit Stock 9 United States 9 Treasury Financing ... 11 _ Exchange _ Exchange. ___ ____ _ Page 57 New York Curb 58 New York Stock Exchange—Bonds 19 Exchange—Stocks 31 Exchange 41 54 New York Stock 59 Philadelphia Stock Exchange 60 Pittsburgh Stock Exchange-__ 66 64 San Francisco Stock 62 _ Exchange Los Angeles Stock 9 ___ _ STOCK EXCHANGE QUOTATIONS Boston Stock Exchange Cleveland Stock 7 .___ Page Baltimore 8 .___ 12 Grain—Coffee- INDEX TO I i |i 61 Exchange INDEX TO GENERAL QUOTATIONS Page Banks and Trust Companies- Domestic 102 Domestic 111 Canadian -. Canadian Exchange Seats 92 94 84 Public Utility Bonds. Federal Land Bank Bonds 92 Public Foreign Government Bonds 93 Railroad Bonds. Industrial Bonds 81 Railroad Stocks 85 Real Estate Bonds Insurance Stocks 100 72 Joint Stock Land Banks— Securities 84 _. 85 _ IMZazrcIb. WILLIAM B. William 78 67 71 101 Real Estate Trust and Land Stocks 85 Textile Stocks 85 Title Guarantee and Safe Deposit Mill Stocks—see Textile Stocks— Mining Stocks. 73 Utility Stocks Industrial Stocks Investing Companies Securities. ii. Page Municipal Bonds— DANA Stocks. 92 United States Territorial Bonds 92 7, 1940 COMPANY, Street, Corner of 85 United States Government Securities. PUBLISHERS Spruce Street, New York ,i.|l ii» V Jfofje gepflsit and ^rust —OF Co. BALTIMORE— Capital $2,000,000 Surplus and Profits $4,196,364 gjINCE 1876 this Company has devoted itself exclusively to the management and conser¬ estates—specializing the whole effort vation of of its Jt is business. of the few trust companies in the highly trained organization in this one ^hich country has never engaged in general banking, selling securities, etc. Its Directors are: Charles H. Babcock A. E. Duncan Edwin G. William L. Galvin Baetjer William G. Baker, Howard Bruce * Jr. Robert Garrett J. Edward Johnston George C. Cutler Blanchard Randall Lyman Delano Charles E. Rieman / BANK/QUOTATION RECORD REQ. PAT. OFFICE March 9, 1928, at the Second Class Matter, as S. COMPANY, in office of Librarian of Congress, Washington, D. C. Post Office at New York, N. Y„ under the Act of March 8. 1879 Copyright in 1940 by WILLIAM B. DANA Entered U. Bank Quotation Record and to the of information issued monthly. Terms for the Chronicle 118 are within the United States per annum Canada; $21.50 in South and U. S. Possessions and Territories; $19.50 in Mexico and Cuba, and $23 Central America. Spain. in other foreign countries. a Record is $12.50 Single copies are sold at Bank and Quotation The subscription price to the Postage outside of United States extra. year. $1.50 per copy. CHICAGO * on European developments coming through Department channels, it WILLIAM than to have four announced that European William Street corner Spruce Street. New York Diplomatic AND FEBRUARY—COMMERCIAL OF The continuation explorations of the possi¬ conflict in Europe, and bilities of bringing peace out of the intensification the of Congress, the of the economy efforts the Administration's of renewal of whole produced little in ments, either domestic representatives \to Roosevelt took for the time and its After dispatching two the European situation, President leaving behind vacation cruise last month, a world-wide reduction ditions not defense—to be thrashed out Congress. by Although the national Legislature devoted most this to progress was whether the successful of problem made in Federal finance, of would economy of its at¬ enough not appropriation bills the on advocates indicate to be ultimately efforts to reduce the President's budget their which indicated extended be the President hopes his as by personal representative Under-Secretary of sending was to can Welles completes the President. announced Feb. on Mr. as the President's been Continental which is likely to remain one time such reports as Mr. Taylor, brought President the no to Rome. Europe, The announcement of ostensibly for the purpose prevailing conditions, on conference press involved Mr. Welles Great and President ditions tinued Mr. in to and the Arriving in Italian velt. and the Mr. of 9. the and the allevia¬ Welles's tour of gathering informa¬ In a prepared state¬ the President explained going to visit Italy, France, Germany Secretary The State of President's to will, of the course, name the of made to Government him by response purpose to of officials be the of of Mr. pleas for adjustment that will follow the peace in Rome Feb. on described communique and message" autographed covered the way President Roose¬ what Mr. Welles's President's the secret a the was it—from what or him gave No inkling, however, was given of conversations Welles Under-Secretary 26, Mussolini Premier with message ' ' contained. Republican and Democratic National Conventions Whether Mr. Roosevelt wrould try to be or would candidate for a third term not be President was the political as plans were holding for laid tain liis ence on on reticence 5 Feb. two the question, on forbade he the major presidential Mr. Roosevelt continued to main¬ nominating conventions. at a press confer¬ and reporters to query him again According to action taken last month, the the subject. Republican National Convention will meet in Philadelphia on Democratic National Convention .will June 24, while the convene tion in Chicago on July 15. campaigns Taft Attorney the are laid out Dew^ey, Senator of pre-conven- side, New7 York City Dis¬ Yandenberg and Senator leading contenders for the designation. the Democratic side there host Meanwhile the by various bidders for the On the Republican nomination. trict were candidates On is, perhaps, Mr. Roosevelt and includes which Vice-President a Garner, Secretary Hull, Senator Wheeler, Postmaster General Far¬ ley, Attorney General Jackson and Federal Security Admin¬ istrator McNutt. Congressional Action—Urgent Deficiency Bill Aside from actions its authorization loan credits additional of on the could be resolution a increasing Export-Import extended to the Bank so that Finland for non- military purchases and a resolution extending the Admin¬ con¬ istration's con¬ Congress last month devoted most of its time to consider¬ no United the proposals States. by of these to negotiate1 bills. appropriation number will him be solely final the recoprocal Although measures, consideration urgent tions of additional authority only a each body of few trade pacts, passed them a received Further¬ governments communicated com¬ or information on Welles's visit, the President explained to that will problems present as Secretary of State. its in of neutrals as announcement be authorized to make the strictest confidence and will other Secretary received been had made being economic the Feb. 28, the on reactions soundings on message—"an ing in the President and In expressing a "solely for the purpose of advising the Europe." statements more, than : Welles mitments kept in was Britain con¬ war These conver¬ in so far as war. conferred made by the President was Feb. on ment, which he read to the press, that him sufferings might be assisted" by Mr. Taylor's pres¬ in his designation with more peace at and Dec. 23, presented himself at the Vati¬ liojje that "our parallel endeavors for of unanswered whose Pope tion Powers, his mission the tion Welles personal representative to the Pope had on 27, but from message ence XII, Pius Sumner question which remained unanswered at the end of a month, and until States Steel Pope to State to conduct conversations with Western the all question which faced the Nation last month as preliminary to accomplish by sending My¬ C. Taylor, retired Chairman of the United Corp., present belligerent nations to conference favorable the to European he recommended. Abroad—Myron C. Taylor, Vatican Envoy and com¬ problems of future peace. common press attitude their be a that response a ron involving Matters these preliminary conversations. of can Under Secretary of State Welles Named to Study Conditions What been have character emphasized be armaments. of part a course, Later, at figures and thereby avoid the necessity for the additional taxes of they involve these two corollary problems of Avhat to do about the farmer tention are sations, on of definite develop¬ wray being at least the Federal budgetary problem— national and the foreign. or survey informal an should It governments. pre-convention presidential cam¬ the paign were the outstanding features of a month which the of governments and will probably be continued with neutral that these conversations involve no plan or plans, but are in* the nature of preliminary inquiries relating to a sound international economic system and at the same time neutral FINANCIAL. EVENTS Secretary world situation: of the view conversations with international economic sound a a directed and world-wide disarmament program. a Hull said that in menced REVIEW of nations," all for about bringing to with made been already view a peace restoration the system and had with lasting of State Hull Welles's visit, Secretary contacts neutrals After the President's capitals. as many announcement of Mr. toward Drapers' Gardens, E.G. COMPANY, Publishers, countries five reports from as many men perma¬ or nently stationed in "sound-* and Smith, 1 DANA B. satisfactory to more was report from one man after visiting.various a OFFICE—208 South La Salle Street. OFFICE—Edwards & LONDON have with the quality that while he was satisfied press State companion publication The Bank and Quotation Record Is one of the of the Commercial & Financial Chronicle and is and NO. 3 NEW YORK, MARCH 7, 1940 VOL. 13. on 6). became bill, (final was congressional It was passed law. which $57,541,300 and which Feb, '12 Feb. and deficiency One carried of total these was appropria¬ signed by the President action was by the House on completed on Jan. 25 and by MONTHLY EEVTEW 2 Senate in (he Senate the to $2,700,000 below those called became the bill appropriations about carried 1. The House agreed As enacted, the bill amended form on Feb. amendments Feb. 6. estimates. Another measure which when the President signed it on 1 eb. 12 was budget in for law appropriating $252,340,776 for emergency national defense neutrality expenditures during the current fiscal year. This measure was $19,658,747 below budget estimates. and Appropriation Bill Naval defense expenditures would not be immune from Congress's economy endeavors came on Feb. 16 when the House passed a record peace¬ time navv supply bill providing an appropriation of $965,772,878 for the next fiscal year. While this appropriation was $50,412,000 above the same appropriations for the current fiscal year, it nevertheless represented a reduction of $112,699,699 from the President's budget figures. The cuts in the bill, most of which were made by the House Appropriations Committee, which reported it on Feb. 13, represented appropriations which would not actually be needed in the next fiscal year, but which will probably be required in the fiscal year 1942. The $1,000,000 sum recom¬ mended by the committee for the improvement of the har¬ bors at Guam, although smaller than that requested last year, was again deleted on the floor of the House. Ad¬ ditional national defense funds were provided in the $203,472,567 bill for non-military functions of the War Depart¬ ment which the House passed on Feb. 29. As approved by the House, the measure was $16,609,134 under budget estimates, bringing to about $286,000,000 the amount thus far saved in requested. appropriations by the House. The slashes in the $1,300,000,000 authorization bill for a 25% tonnage increase in the Navy, previously decided on, were given official and unanimous approval by the House Com¬ indication that national further A mittee In approving a $654,- Naval Affairs on Feb. 14. on 902,270 two-year naval expansion program the committee cut the originally requested authorization by about 50%. bill the House action on the bill followed testi¬ mony by Jesse H. Jones, Federal Loan Administrator, before the Banking and Currency Committee that he still considered Finland a good credit risk. The bill was sent to the President on Feb. 29 after the Senate accepted minor House amendments. It was Signed March 2. Federal Loan Administrator Jones announced March 1 that the ExportBank Finland, to also had and allocated $20,000,000 for an additional had Import loan made a $15,000,000 loan to Sweden, $10,000,000 loan to Norway. had made a Reciprocal Trade Agreements question of the tariff was injected into congressional debates in February with a vigor which lias largely been absent since the rise of the New Deal and its initiation of The a Congress began consideration of the renewing of question Justice and for State, Bill Commerce important bill passed by Congress last month appropriation for the State, Commerce and Justice Departments and the Federal courts. The House on Feb. 8 voted $107,225,660, .and the Senate on Feb. 26 cut the ap¬ propriation for these departments to $107,079,000. The bill the then was both in for the sent to Attempts joint conference committee. a House Senate and the delete to the appropriation salary of the United States Ambassador to Russia, and thus sion of the evidence Finland, displeasure before final defeated were the Soviet's over inva¬ The passage. stable Republican bloc, thus giving rise to one of the first clearcut issues between the two major parties since 1933. By 216-to-168 a vote, party House the 23 Feb. on a ments the House refused to amend the resolution so that measure the strictly resolution extending the Reciprocal Trade Agree¬ Act for three years beyond June 12. In passing the passed pacts would have to be approved either by both houses by the Senate before becoming effective. In the Senate, it was believed that there would be defections in or however, Administration's; ranks, the doubts and expressed were whether the Administration would be able to muster enough votes all subject negotiated by the Senate. Votes Additional House 29 that Hatch that the ratification two-thirds a $50,000 to Continue NLRB Inquiry legislative recoprocal the of trade this session would appropriation bills, at program of action on and resolution renewal of a measure strengthening the provisions of the anti-politics bill, it was considered quite i>ossible Congress would action take some Labor National the to Senator Barkley, majority leader, indicated on Although passage would make amendments to the bill which defeat to pacts passage Another was to peace," have been opposed by an almost solid Feb. Departments authority "an indispensable part of the foundation of any were and durable consist only of completion Appropriation Administration's the negotiate the trade treaties. The reciprocal treaties, which President Roosevelt in his annual message to Congress said by President Roosevelt. of The occasion for of reciprocal trade treaties. program the debate arose when Representative Vinson, Chairman of the committee, said on Feb. 6 that the bill had been approved in its reduced form Passage House vote, 168 to 51 in and the 49 to 27, was favor of passage. Relations Act amendments adjourns. on before to it A special House committee, headed by Representative Smith, has been inquiring into the records of the NLRB and some of activities the of of desirability passed resolution a with additional Board the changes would seem law. Although the in to the suggest House the Feb. 23 giving the committee $50,000 on which continue to its investigation of the NLRB, the committee suspended public hearings the latter anticipated Senate action on the House's $66,900,000 reduc¬ tion (reported in the February issue) in the President's part of February to enable it to draft preliminary recom¬ ''bedrock" which estimates of the agricultural appropriation was not forthcoming last month; instead, it was reported that Senate farm bloc leaders were willing to defer action on the measure cut from until defense it was determined if could enough be appropriations to raise the subsidies for mendations House. the is House. the supply was House the separated; and that the unit of representation be than be left to the board present. at Other the bill In ure. was the had been passed Treasury-Post by Office $1,032,784,115. The $629,503 of the $11,491,000 reduction made the House. Another major appropriation by by the Senate passing $39,506,261 of this the was bill on reduction Feb. as 8 the made Senate by the restored House on While about tions House this left^the bill still under budget estimates by $55,010,945, the total exceeded comparable appropria¬ for the current year by $23,247,596. The largest cut restored by the Senate' was $39,000,000 to finance Maritime Commission particular political contracts interest was already under Of Senate way. insertion by the of $710,000 in the bill for the National Resources Planning Board, a New Deal agency whose funds had been deleted by the House. conference went to Congress on The Feb. conference Passes Export-Import independent offices bill was sent to 13, and the Treasury-Post Office bill Feb. on Resolution Possible Loan Authorization Non-Military Loans Wagner struction of Roosevelt's the subjecting ment by of by $10,000,000 a experimental the House Rules regulations and other Federal House Feb. on of 9 civil service agencies now exempt an decision A of defer action to Silver the Senate Banking the a new transmission President Feb. 20 befose office. on President 7 and on bill a agencies independent bill number the Work to Govern¬ which extends of 300.000 Projects Admin¬ it on extending State In the Hatch Act, to budget in the years which in outgoing President would have would until Congress. of Elections which the Frazier-Lemke Committee outlaws receive part the bill Feb. 28 of the amended bill to extend for four Senate employees who Federal Feb. 20 of the $90,000,000 first deficiency bill. the addition 13 bill designed to change the date a the provisions mortgage by 19 of Under to Passage by the House farm Feb. on repeal provisions of the 1934 but the incoming President usual as sending on the Feb. on Congress of the Passage by the House years to takes the budget prepare to of on Act. Feb. "pernicious their pay from of 23 political a bill activities" Federal funds. signing by the President of the bills service vote by con¬ authorizing the Treasury to buy foreign silver. Passage by the House of military purchases Senate Feb. on boards Ranispeek to other agricultural purposes. The line with Currency Committee and the Townsend resolution on Purchase Act House duplicated the Senate's extended consideration, finally passed the bill on Feb. 28 after rejecting amend¬ ments designed to permit Finland to use the credits for this country. Federal for istration. but in and day same estimated except The increases the in the on the to the which of hospital the on Committee of restrictions executive of employees the $100,000,090 $300,000,000 Federal a program basis" mentioned above, he also approved by of 1 and improvement introduced capital of the Export-Import Bank and which is designed to permit an ad¬ ditional loan of $20,000,000 to Finland. After a timeconsuming study, the Senate passed the bill on Feb. 13. hill would that proposed. was placing the classified Approval month, Congress did not speed up its consideration "an on bill a agencies. Passage Finland Although Finland, after fighting valiantly for more than two months, slowly gave way to the Russian invasion last George, orders and review court the action Feb. on bill another In hospitals included: of voluntary mediation of employee- for construction suggestions Favorable 18 within the jurisdiction of the NLRB. now and month Feb. on for by Senator Mead program Senators board Federal facilities. sanitation of to introduction The last Senator Wagner three-member a long-term loan 1G. Increasing Bank—Makes by emplover disputes not the independent offices meas¬ 18, thus putting the total of the bill at $1,139,693,258. Jan. create Congressional Activities congressional activities introduction The was carrying appropriations of bill voted these which passed by the House Jan. 25; on passed by the Senate, which returned it to Senate restored in of bill, which 15 it Feb. One measures the board be During the month under review the Senate adopted only appropriation That are: decided upon by Congress rather Other few recommendations the to make three-member board be replaced by a five-member board; that the judicial and administrative functions of the Treasury-Post Office Supply Bill—Independent Offices Measure a Among expected present as the farmers, to committee the a bill on Feb. 2 extend¬ ing for another two-year period from June 11 the authority of the of .first the Land and Bank second Commissioner mortgage purchase of farms, salary was rate of to loans to refinance continue to assist farm the in debts, making financing and for A bill providing an increase in letter-carriers in the village delivery vetoed by the President on Feb. 13. Passes House $203,472,567 of Canal Build Additional Panama to Locks Denied passed and sent to the Senate an appropriation bill carrying $203,472,567 fur the non-military activities of the War Department. The appropriation is $16,609,134 below President Roosevelt's budget estimate. The House backed up its Appropriations Committee by Feb. 29 the House On failing to 000,000 $15,- President Roosevelt's request for appropriations and $99,300,000 in restore direct in con¬ authority to begin construction of a third set of locks at the Panama Canal. As the bill was reported to the tractual House it carried only $850,000 Feb. 27 by the committee on be used for to Temporary locks; plans and specifications for the new this amount the House National approved. Economic Committee Defer Final Report to Until After November Elections Temporary avoid who said the decision was made to mittee Chairman, unanimous viction of campaign. Senator O'Mahoney said that many reports on particular phases of the com¬ mittee's investigation would be submitted to Congress about involvement in the political four Florida robbery and murder of On Feb. 26 white only were establish a to 26, In legal the of Black rendered majority decision reversing a decision of a Appeals, contending that it based Waterman Steam¬ union discrimination order against the ship Corp. of Mobile, Ala., on "mere suspicion" instead of "substantial evidence." In Board's the upholding order, the Supreme Court directed the company to offer reem¬ ployment, with back pay, to a group of seamen who, ac¬ cording to the Board, were discharged after changing their Labor to membership from an American Federation of Congress of Industrial Organizations union. Another which case not Arkansas in the minority enjoined Feb. on actual the 12 decision opinion. was im¬ for the Under the as from imposing a tax on of 20 gallons) carried in the fuel tanks buses if which in the the question they gasoline declared "the of trade among the for were in use other States" that the courts constantly increasing barriers to Congress. "Spasmodic and intended by the Constitution," the dissenting justices declared. merce Another loophole in the tax law Supreme of advices, Supreme T. conviction of the for fine. He Court within New on New York when of conspiracy to sell judicial favors when he was senior judge Circuit Court of Appeals at New York. Judge Manton Federal sentenced was simply because it provides for price-fixing. Feb. 26 declined a plea from Federal Judge it refused to hear his appeal from a Court Manton the from unconstitutional The Martin is York in June to serve permitted to 25 file a two years petition prison in for a and pay a $10,000 rehearing by the Supreme days. Appellate Division Denies Immunity to Lawyers in Court Court Involved in decision a was rendered plugged family trust which George a Minneapolis set B. by the up Feb. on New York Appellate Division in Brooklyn, in what has been termed an unprecedented decision, ruled on Feb. 8 attorney who in the future invokes his constitu¬ an self-incrimination and refuses to by the courts shall be disbarred. The ruling, which was rendered by a majority of three to two, asserted that this was a question of vital importance to the bar and the public alike, and one that "some day should be answered with finality." The new policy will only apply to investigations by the Appellate privilege testify Division 26. The Clifford against investigations conducted in "to Jr. and unlawful uncover Federal Judge unethical practices im¬ of justice." pairing the due administration Government's Plea for Injunction Refuses Against Chicago Dairy Federal Judge Charles E. Woodward on Jan. 31 refused request for a temporary injunction to Government's the force Chicago dairy to comply with a Federal milk mar¬ a keting order or go out of business, it was reported in the Chicago "Daily Tribune" of Feb. 1. The ruling, it is noted, the first setback for Secretary of Agriculture Wallace was in his efforts current ducers in the to regulate milk handlers and pro¬ Chicago area. should unrelated instances of litigation cannot afford an adequate basis for the creation of integrated national rules which alone can afford that full protection for interstate com¬ case for the products, Washington of Commerce" reported. "Journal York dissent a Justices Black, Frankfurter and Douglas rendered dissent leave for was gasoline (in excess interstate decided was much so contained statements to The constitutionality law. minimum price the New strong The Court Decisions few important United States Supreme in February. One more vic¬ a the Fifth Circuit Court of States. a majority opinion, Justices Frankfurter, Black and Douglas contended that the matter should not be left hanging over next year's crop, but should be decided by the court now. The minority took the position that the Florida law is "obviously con¬ stitutional," a position which the majority did not challenge, but appeared on the other hand to confirm in contending that an Act is not to be con¬ a tional a de¬ the ^ by Court, Supreme the operation Feb. that of for of the law was The law was intended to protect citrus growers of the State against unduly low prices for their products by authorizing a commission, upon complaint of 50% of the growers, to against tory was added to those the National Labor Relations Board has obtained from the court on Feb. 12 when Justice decision man. death questioned by independent fruit canners. Court decisions handed down portant 12 Feb. on to Investigations United States Supreme a sentenced were 5-to-3 ruling, refused to pass upon the constitutionality of the Florida cost-of-production law, returning the case to the lower courts for hearings on the precent injunction order the March 1. There Justice Black police methods and reversing the con¬ who Negroes a by down handed decision nouncing the "secret, inquisitorial" sidered National Economic Committee will not issue its final reports until late in November or December, it was announced on Feb. 6 by Senator O'Mahoney, Com¬ The A Functions Non-Military for Bill War Department—Funds , 3 REVIEW March, 1940] Allegations by Federal Government Against Southern Pine Associa¬ tion and others Under Anti-Trust Act Fines totaling in organizations tion is the distribution and 1 heir $12,000 were imposed in the Federal Court on Feb. 21 against three of the largest Orleans New at with country identified of Southern pine produc¬ the lumber following pleas of nolo contendere to an indictment alleging, it violation of the Sherman Anti-Trust Act. From said, United Press accounts from New the Orleans, Feb. 21, we take following; and the income from which was to be paid to Mrs. Clifford: upon the termination of the trust Southern Pine the duction, orders estate. by "approving" certain dealers, inspections, agreeing on price standards and other practices controlled the industry in Virginia. the Carolinas, Georgia, Florida, Alabama, Mississippi, Louisiana, Texas, Oklahoma and Tennessee. up, property was to be restored to Mr. Clifford or his In holding that "the transfer made by the tax¬ payer (lid not in any real sense change his economic position," the court said that Mr. Clifford's trust "furnishes taxpayers precisely the has been assiduous in the court Mr. upheld type loophole of which attempting to prevent." result, a $2,756 deficiency tax assessment against a involving the NLRB last month the ruled that the Wagner Act empowers court unanimously only the NLRB, and not labor unions, to take the initiative in compelling employers to comply with NLRB orders. This case, which was decided on Feb. 26. arose when the Congress of Industrial Organizations Amalgamated Utility of Union brought suit in Appeals charging the York not with the Second Consolidated Circuit Edison Court of had with Labor a directed. The Board order as the last order Apex Hosiery Co. Full-Fashioned by striking A had of I. O.) for damages on the on Feb. 5 bond of holding that private a postmaster a without mail the allegedly caused user cannot consent of sue the for Gov¬ ernment. As to this, Associated Press advices, Feb. "Justice Reed delivered the opinion United are against loss of case funds and the Eighth Circuit a Government's high court affirmed dismissal of the suit by the Court. "Justice Reed said: handled damage suit brought by the Midland Loan Finance Patrick J. Malone# Acting Postmaster at against The through '.Congress intended that claims the Government individuals.' " rather on than through the bonds various alleged did not the and does not admit any complaint such illegal activities. laws, but rather than interrupt program the pro¬ Southern filed the by resulting confusion or illegality Government, The Association has never in contravention hinder the Association's of benefits and service to the industry, and to obviate large expense that might any in does not desire to undertake any activities undertaken and in scribing manufacturers, by protracted litigation, with the be caused the industry and uncertainty on the part of sub¬ the Association thought it wise to enter into the decree. United ton. Diamantopoulos New Greek Minister to United States Diamantopoulos, Mr. would suits by the new arrived in New York States, on Greek on Minister to the Feb. 3 aboard the the way to his post at Washing¬ Diamantopoulos said he was proud to represent America and would do his best to further the good relations between the two countries. Senate Confirms Appointment of Three Ministers to Foreign Coun¬ tries—Also Approves Reappointments to Federal Reserve System The Senate on Feb. 9 confirmed President Roosevelt's appointments (on Feb. 7) of George H. Earle 3d as Minister to Bulgaria, David Gray as Minister to Ireland, and Louis G. Dreyfus Jr., now Minister to Iran, to he also Minister to Mr. Afghanistan. post On involved Minneapolis Montgomery, Minn. be of upheld 'to furnish security to the property for which postmasters was responsible.' "The Co, States 5, 6aid: which argument that the sole purpose of the bond true in part: sponsor any of the anti-trust widespread as his country in agreeing to review a suit, brought by the Philadelphia against the American Federation of (C. the after Greek lir-er Nea Hellas 26 Hosiery Workers not Kimon workers. decision damages Feb. on did and Circuit included: month issued activities its Kimon Supreme An in was that the Board exclusive power to prevent any unfair labor practice. Other decisions and rulings handed down by the Court reflect New held court Pine Association and distributed reports on and did not the defendants, that lumber Southern the "which The statement issued in the matter by the Southern Pine consent Co. being in contempt of that court because it complying Court and that Exchange compiled shipments The Southern Pine Association another decision Workers and Association follows, Clifford. In charged Lumber industry,' pine grade-marking Congress As indictment The Feb. on Feb. Florida 7 the Earle, was President Minister to who former also was into sworn Governor nominated of David Ireland, nomination sent to the Senate for confirmation was that Minister of to Afghanistan. Louis Iran, his new Pennsylvania. succeeding John recently made Ambassador to Belgium. as who was 14, Gray of, Cudahy, Another (on Feb. 3.) G. Dreyfus Jr. of California, present also to hold the title of Minister to MONTHLY REVIEW 4 Marriiier S. Eccles and Chester C. The renominations of Davis Governors of the Federal members of the Board of as Feb. 9. System were approved on Reserve the By this means, it is evident, the liquida¬ tion of such holdings will be stimulated, and the British Murphy Sworn in Associate Justice of Supreme Court as his service as an Associate Justice Court on Feb. 5 after taking administer justice impartially. The judicial Frank Murphy began of the United States Supreme oath an to Charles Elmore Cropley, Clerk of the Court, and was witnessed by seven justices and many friends of Mr. Murphy. Justice Black was absent because oath by given was of illness. C. R. Under-Secretary of Agriculture, Succeeding Wickard Named M. L. Wilson 1 the Claude R. Wickard of Indiana to be Under- Roosevelt President nomination of all Senate the to sent Feb. on but before the order was issued the owners to liquidate at their own discretion, sterling authorities, free dollars. received Treasury British the while paid of this voluntary nature was that liquidation is known It British holdings were by $4.03^2- to be made in sterling at a rate of already were registered with the paments Such will be paid levels indicated 60 stocks the quotations of the previous market session, with final the being > of Owners exchange for the purchase added States of airplanes and other war supplies. United the in obtain will authorities Frank British holdings of 60 selected all of requisitioning American stocks. tending to diminish early this year, and the assumption seems warranted that acceleration of the process is the There will be no "dumping" of the aim of the latest step. Orderly liquidation is issues, it was stated in London. Senate confirmed the appointemnt on Feb. 15. Mr. Wickard was named to succeed M. L. Wilson, who resigned to become head of the Agricul¬ 60 tural Extension previous months. The list of stocks is a representative one, ranging alphabetically from Allied Chemical & Dye to Texas Gulf Sulphur. There were noteworthy omissions, Lewis The of Agriculture. Secretary Service. Compton Takes Oath of Office as Assistant Secretary of the Navy Lewis Compton of New Jersey took the oath of office as Secretary of the Navy on Feb. 9. He was sworn in in the presence of Secretary Charles Edison, Admiral Stark, Chief of Naval Operations, and other high Navy Department officers. President Roosevelt nominated Mr. Compton for the post on Jan. 25, and this was confirmed by Assistant Senate the such as American Telephone, U. S. Steel, Bethle¬ and General Motors. It was stated in London however, Steel hem stocks that was own financial ~ ~ Col. Fleming as market did not affect prices. Swedish Wage-Hour ----- appointment of Colonel Philip B. Fleming as Admin¬ istrator of the Wage and Hour Division of the Department of Labor was confirmed by the Senate on Feb. 19. The nomination on sent was Feb. 13. The the Senate by to before Colonel Fleming could assume He passed. ber to his full title has been originally named Administrator last Octo¬ was Elmer succeed President Roosevelt legislation required by Army technicalities F. Andrews. after officially assuming the Fleming issued a warning to in order" to avoid employee the minimum-pay standards title In James J. McEntee 15 to Director statement Administrator, Colonel as nominated was become first employers "to put their houses suits for unpaid wages under of the Wage-Hour law. J. J. McEntee Named Director of Civilian Feb. his of Conservation Civilian Conservation Mr. McEntee, a native of Jersey City, Executive Assistant Director of the CCC since it in April, 1933, and served been had estab¬ was Acting Director as since the death of Robert Fechner last December. Strike of Credit About 100 employees of the Credit Clearing House of New a four-week-old nounced in strike. 12 after settlement of Feb. on Settlement of the strike was President of Local 16 of the United Office and Professional America, Congress of Industrial Organizations. The agreement between the two groups provided wage in¬ creases for all employees, a union shop, arbitration.of griev¬ ances and vacations and sick leave with pay, according to the joint statement. determination to Both establish sides expressed harmonious the in measures reflected ln are and sessions, brief two ever regulations the 26. A provided the placed in effect at the start of business Feb. were occasion either capital of flight developing Sweden from while the threat of involvement in the move, for part in the both of Europe's wars also played a or Remaining reserves of Swedish gold and foreign decision. exchange are ample, and it appears that Swedish authori¬ ties are determined to keep them so. Prior permission of obtained, under the new regulation, Riksbank must be foreign exchange. The importation of securities, and trading in imported securities, likewise are for in dealings covered regulations. Swedish kronor bal¬ nationals and by "non-residents"" Riksbank by owned ances other by transferrable, although a general watch ap¬ be exercised. The gold export prohibition,, finally, wa3 made definite and all-inclusive. Trade rela¬ tions may come under official control if the financial measures do not suffice, it was intimated. will be freely an¬ joint statement by Joseph A. Kavanagh, Exec¬ utive Vice-President of the company, and Peter K. Hawley, a Workers of neutrals parently is to Clearing House Employees Settled York City returned to work Increasing financial difficulties now encountered European the by President Roosevelt the Corps. lished Corps t Control Exchange by the closer- regulation of international trade and finance. The Swedish authori-^ ties found it necessary to apply restrictions, Feb. 24, on the exportation of capital and on dealings in gold and foreign exchange. The Riksdag, or Parliament, ratified — Administrator r The step in Washington, while in our the British action was well under¬ by the - Confirms Appointment of Senate No con¬ time, as circumstances dictate. to caused cern be added to the the 60 issues will than other time from list stood and Feb. 2. on, aim, it was added, while a second is that of assuring a sales volume which would be at about the average of one "common a relationship in the future." American Diplomacy diplomatic machinery was started in motion during February by President Roosevelt, with respect to the great Fresh in now war latest ment made was in Europe, but the real intent of the progress presidential remains obscure. Announce¬ President on Feb. 9 that Under- measures the by Secretary of State Sumner Welles would visit a number of Mr. the and Roosevelt order in countries European gather information for of State. Italy Ger¬ to Department France and England would be visited in turn, accord¬ many, of advising the Mr. Welles, it authority to make proposals ing to the statement, solely for the purpose Toledo, Ohio, Gas Workers' Strike Settled Administration The Toledo gas strike, called Feb. 1 by Local 12024 and By-Products, Coke and Chemical Workers Union, of gress Industrial Gas and was ended the Northwestern Feb. on year agreement pany officials matically strike Feb. were Ohio Natural of 3% Gas Ohio Fuel The 1 and back Feb. on provides June 1, 12. for an of com¬ to jobs, and full In reporting the increase Eastern in 1941. 3% Features include some time between incorporated in recognition of the the Railroads Denied Extension of Feb. 15 denied to have expired on Jan. 24, but had been extended until March 24 to permit hearings on the carriers' petition. The maximum rate for coach travel on March 24 now will revert to a basis of 2c. a mile. The basic rate of a maximum 3c. a mile for travel in Pullman cars will remain un¬ changed. liner Requisitions United States Stocks a third term in Welles Mr. Rex, sailed taries was Welles the trip House in of an In the for relations i ■ ■ world emergency. accompanied by Myron C. Taylor, without the misgivings meanderings World War in United the was Europe of about too close for com¬ business was Meantime, regime and in the countries it was European United the of Rome. * to the four other information Russian order or Feb. 17 on the Italian pointed out that mediation by Mr. Roosevelt is anything but welcome. Officially, only the most correct attitude naturally pre¬ vailed in European circles. During the course of the trip to Europe hints were dropped that Mr. Welles would en¬ deavor, among other things, to improve the diplomatic fort. Pacific, in the 18, in the form viewed not performance Feb. on and it can hardly be contended that the countries about to be visited will be enthusiastic. The resemblance nounced London, was national a Europe States, One of the European war developments that is of direct and immediate interest to our financial markets was an¬ in he and for previously apiiointed the personal emissary of the President to the Vatican. The journey undertaken by these digni¬ in Britian which mand for Colonel on to the effect that the Presi¬ develop, with the aid of Mr. Welles, a situa¬ would occasion an apparent country-wide de¬ moreover, was one dent hopes to of 2)4-Cent Fare Rate Interstate Commerce Commission petition of the Eastern railroads to extend to Oct. 31 the present one-way coach fare of 2y2c. a mile. The rate was of easily tion Feb. 10 said: immediate union, granting of sole bargaining rights, and provisions protect¬ ing temporary employees. The conference, and he warned that conjecture might his press and arrangement Government. the announcement at on conjectures, accepted the two- by union negotiators and union will be granted the additional April to enlarge refused President workers members promises another 3% if the rate issue with the city is settled. If the issue is not disposed of the working commitments in behalf of the United States or Companies, explained, would have no was Con¬ Signing of the agreement auto¬ out 9. resumed agreement the conditions. present produce a false impression. Needless to say, this merely stimulated conjecture, as Mr. Roosevelt doubtless was aware it would. Among the most prominent of the Union striking against settlement, the Toledo "Blade" "The wages 10. worked on started operations Organizations, Gas to as a States Mr. course Roosevelt speech President vacation and But Germany. no disclosed until the emissary arrived at blasted Washington. betook himself journey to the on the Soviet that After a Caribbean "secret"" and the of which he ostentatiously examined Panama chant defenses Canal Rome on in arrived Roosevelt Mr. of emissaries indulged his pen¬ privately and Navy vessels. for fishing from Both MONTHLY REVIEW " March, 1940] immediately began to whirl. Mr. Taylor, whose duties are confined to •conferences at the Vatican, presented his credentials on Feb. 26, and on the following day conferred at some length with Pope Pius XII. A letter delivered by Mr. Taylor, and promptly published, indicated that Mr. Roosevelt hopes for "parallel endeavors for peace and the alleviation of suffering." That this would be the intent of the Taylor Feb. 25, and the wheels of the new diplomacy mission introduced was the on in advance, and no mystery been made known had The visit of Mr. Welles, by the incident. hand, continued to arouse all sorts of inter¬ speculation; It was pointed out that the usual other national of sources remained information from all open the coun¬ the account 5 and endeavored to our from the American "interpretations" came of first conversa¬ his held Under-Secretary The event. centers, as step a made known on Feb. 26 that omit their calls at Bermuda after March 15, and references to the weather supplied the only acknowledged reason for the change. At though to empha¬ size the political aspect, it was stated on Feb. 27 that Ber-' failing in his duties. muda It was would be omitted as port a call of only east- on bound flights, the returning clippers to continue their calls at the islands. Delays suffered by American merchant shipping at British control ports were cut down consid¬ erably during February, and there was less complaint on this score. Germany and the Six Not only from Europe, but from Japan and South force" of the aerial clippers would and 110 faintest intimation had been given Embassies had failed to function adequately in this respect. "show the excuse enabling the clipper captain to surrender the mails without tries concerned, that Unfortunately for the eyewash." "complete Ambassador's reputation for veracity, Bermuda authorities confirmed the Associated Press account on the same day of months autumn Allies warfare winter and now have been completed in the great war being waged between the German Nazi Reich and the Anglo-French Allies, and the actual military position remains little changed. February brought its quota of scouting expeditions on the front be¬ tween Germany and France. On the sea and in the air leader on Feb. 26, when he was received by Premier Benito Mussolini. It was promptly disclosed, after the conference, that Mr. Welles had de¬ livered an "autographed" message from the President to the Italian dictator, but no information was made avail¬ able as to the contents. This produced a fresh flood of the imaginative accounts of the real intent of the mission. all parts of nears, however, tension is increasing in Europe, and especially in the belligerent coun¬ tries, where a violent offensive by either side or both is of view tion with European a It was pointed out that there would be no reason to hide the fact of the message, if the epistle had been merely one formal -endeavor again was the controlled in cerned The. belief that some sort of peace the real aim gained ground,-but it was stated greeting. that such of the countries newspapers mission a would little have con¬ of chance After few a Rome, Mr. Welles left for the Ger¬ days in capital on Feb. 28, but he lingered a day in Switzer¬ land arrived and March Berlin in 1. He was received 2 by Chancellor Adolf Hitler, and rather extensive accounts of the course of the conversation were made avail¬ March German able from view presumably intimated. sources been attacked is The "publicly known" German expounded by Herr Hitler, these sources. was According to this the and question of view, war or Germany has therefore peace to the Allies. The usual demand for "lebensraum" made, with a German Monroe Doctrine desired for up was Southeastern Europe. would which situation Britain to Assured freedom of the leave not it possible "hunger blockade" impose a seas and Great for the Reich on a com¬ another item, while return of the colonies "stolen" from the Beich in the World War made up still another. prised Armaments is limitation leader. man It was held was admitted to be an aim in Berlin that of Ger¬ the this program hardly one which the Anglo-French Allies could accept, and it insisted that the was war must Mr. Welles go on. considered submarine and activity, suggestive of peace The for move general European intensification directed against of the increased aerial and the United Kingdom, attempt to overwhelm the French Mogi- an If the Allies take the offensive, a line. military move upward through the Balkans against Germany's rear, a move against Russian "oil supply lines from the sweep and of Baku The area. view that Allied an offensive might de¬ velop in the Near East was tempered, in the early days of March, by indications of Anglo-Italian friction. Clearly imperative, for any Near Eastern military operations, is assured control of the Mediterranean. Set speeches were made on Feb. 24 by the British Prime Minister, Neville Chamberlain, and the German Chancellor, Adolf Hitler, which possibly can be viewed as preludes for vastly enlarged military operations. Taken in conjunction with the visit to the belligerents by the American UnderSecretary of State, Sumner Welles, these addresses may also contain the germ of peace developments. They were bellicose, however, and appeared to offer few chances for a settlement short of that complete victory by one side the other over dresses latter to somewhat Now that and perhaps will be made- against the Limes line, but it was considered more likely, during February, that a vast aggre¬ gation of Allied forces in the Near East might attempt a ities, received cordially, but not in a manner mercifully probable. German a possibly of vanquished to visit France and England. In the countries, it was made fairly evident, he would be less take the form of sharply would war than more that was returned to Switzerland after his talks with German author¬ and prepared waged was spring weather not success. man struggle greater effect, but hardly in a decisive manner. which could only mean devastation for the and near-exhaustion were the only important for the victor. ones The ad¬ made by the leading spokesmen for the antagonists in the course of the month, importance to the contexts. Other which also lends added speakers engaged in their usual patriotic forensics, designed whip up sentiment against the enemy and encourage the embattled peoples to endure their sacrifices patiently. But negotiations. to Neutrality Troubles Although the United States sacrificed important and recognized international rights in the neutrality legislation •of last autumn, in order to avoid friction which might lead to involvement our in the European conflict, troubles of all sorts continued to afflict the neutral sisted during of largest and most powerful One of these vexations con¬ February. growing hostility toward Soviet Russia, occa¬ by the attack of Red Army troops on little Finland. suggestion was made and finally enacted early in a Mr. Chamberlain and turnity Herr Hitler display increasing taci¬ the war progresses. as Mr. Chamberlain presented the aims of the Anglo-French Allies in and well-ordered speech before his friends at Birmingham. He detailed briefly the aggressions of the German Nazis which, he indicated, a grave citizens fellow and occasioned the war declarations last September by Great sioned Britain and France, and dwelt upon the formidable prepara¬ The tions March for increase an of the external lending authority of the Export-Import Bank of Washington by $100,000,000, the real intent being to add $20,000,000 to the equal sum previously way be available United to are to States course a also the attacked to receive various thus official of Latin embarked lending, some loans money American ever Nor¬ country. handsome funds, and it is understood that made The on Sweden and official made available of may countries. more decisively notwithstanding the un¬ fortunate results which usually attend that form of politi¬ diplomacy. The authority to increase the lending capacity of the Export-Import Bank was voted by cal-financial the House on Feb. 28 and the Senate Roosevelt 'signed the on Feb. 29. President March 2, immediately upon his return to Washington from his Southern vacation. British provided measure interferences with American shipping and 'mails the principal vexations suffered by the United States, as a neutral. Some of the reports of interferences are disputed, but it appears that no denial yet has been made of a report of Feb. 15 that even mails between the United States and Colombia had been censored at Jamaica. Even Kingston, more interesting and Associated Press disclosure mails been at had the removed on from Feb. 22 aerial surprising was that United an States clippers at Bermuda point of the bayonet. The lame explanation was promptly made in Washington thlat our authorities had not been informed Lord stated Lothian, that no of this the such use of British incident force by British authorities. Ambassador to had Washington] occurred, and he called in by the Allies for war to the finish. After dealing general terms with such matters, Mr. Chamberlain de¬ clared that especially the at the Nazis aim at world domination and destruction of the British Empire. In contrast with the alleged German aims, he maintained that Great Britain is fighting to right the wrongs that Ger¬ many has inflicted on people who once were free. "We are fighting for the freedom of individual conscience," said "We are fighting for the freedom of fighting against persecution, wherever it may be found. . And lastly, we are fighting for the abolition of the spirit of militarism and of that accumula¬ the Prime religion. tion Minister. We are tof armaments which is pauperizing Europe and Nazi Germany herself, for only by the abolition of that spirit can Europe be saved from bank¬ ruptcy and from ruin." In concrete terms, Mr. Chamber¬ lain added, England expected to achieve such aims by re¬ and of those armaments storing the independence of Czechs and Poles. satisfactory be tangible that will and pledges evidence must Secondly, forthcoming and assurances, when they are forthcoming, As in previous addresses, Prime Minister be fulfilled. Chamberlain asserted that no faith can be placed in the present German regime, and he stated that it is for Ger¬ many to take the next step. With obvious reference to the United States and other leading neutrals, Mr. Chamberlain remarked that the Allies do not want to settle the new Europe alone, and will welcome the aid of others. Chancellor Hitler spoke at Munich in a retrospective manner, befitting the celebration of the twentieth anniver¬ sary of his original emergence into public life at the same MONTHLY REVIEW 6 The address was spot. marked less by a declaration of defensive assertion of Reich power, and by fervent expressions of faith in the people of Ger¬ many The warning recurred in the speech, a Berlin dis¬ patch to the New York "Times" said, that the Reich would not tolerate dictation and intimidation from abroad. Caus¬ aims war references tic by than a made to British spoilsmen, and were Herr sallies of his foes by emphasizing the strength of German arms. In the course endeavored Hitler to the answer German Chancellor declared that colonies restored and her "living room" in Europe assured. References were made to Italo-German interdependence, and to the sympathetically neutral atti¬ tude of Japan. That Great Britain is regarded as the enemy of the Reich was made abundantly clear, and hardly a* reference was made to France. Confidence in victory was expressed by the German leader, but there was no assertion of a right to rule the world. Much of the address appeared to be a protest against the pariah role allegedly assigned to the Reich in the period after the World War, and it may be significant that Herr Hitler even invoked the aid of Alighty God. The express recog¬ nition by the Fuehrer that there is a "higher justice" is, perhaps, the most favorable aspect of the speech. Actual developments of the great conflict were in keep¬ ing, during February, with those of previous months. The long frontier between Germany and France was a battle line only, in the sense that huge armies manned the ex¬ tensive fortifications and seldom ventured out. The occa¬ sional scouting parties probably were designed mainly to produce something of interest for the bored forces. Bit¬ terly cold weather prevailed at times, especially during the early part of the "month, and this tended" to restrict opera¬ tions even more than might have been expected. A few aerial dogfights took place over the Western Front, but they were of little importance for the conduct of the war. On the high seas the German submarine and mine sinkings were continued, and another British naval vessel fell vic¬ the exposition this of Germany wants her tim the 19 Feb. succumbed British cause to of 162. It and torpedo, the sixth from one was to go down during the war Merchant vessels went down regularly, another. authorities German and crew German a destroyer or the on Daring, wTith only five The ship admittedly the destroyer of loss rescued from men The British Admiralty announced the warfare. to claimed Allied that and neutral shipping losses amounted to 1,493,000 tons at the start of February, while at the end of the month such losses were of the Finns in men and materials, strained the resources aid were made to neighboring Scandinanian countries. But the Finns received little more than volun¬ teer aides, and the course of the struggle looked dark for the valiant defenders at the end of February. There were some important international repercussions and pleas for of the Russo-Finnish Finland lend struggle in February, and others were States Government decided to $20,000,000, under authority of a The United foreshadowed. further a March 2, which raises signed by President Roosevelt on bill by $100,000,000 the lending capacity of the Export-Import Bank of Washington. These funds, however, are to be used "peaceful" ways, and the amount of immedi¬ only in defense is aid available for the ate matter of discussion. a British authorities made it known that they had dispatched airplanes to Finland, and arrangements were made to permit some Britons to volunteer in the fight for the small country's independence. Sweden, as the next-door 144 neighbor of the beleaguered country, debated official aid in mid-February. Premier Per Albin Hansson stated in lidwever, that Swedish neutrality could not be Stockholm, compromised by official aid, although private assistance to the hard-pressed country certainly was permissible. Public opinion in Sweden was at such a pitch that King Gustav found it advisable to state personally, on Feb. 19, that the decision for strict neutrality had been taken with approval of the Cabinet, the Parliament and the This disposed of hopes that Finland would be obtain aid from nearby countries. It is still con¬ full the Throne. able to sidered possible, on the other hand, that a widened scope the of thus Russian divert such event—the as nation. a The war might involve Russia, energies to the Near East. In European greater Finns Finns--might have able were chancer-for- survival a~ back beat to and any the Russians with comparative ease in the early stage of the war which began Nov. 30, 1939, but during February the tide of battle turned of against the defenders. The small nation found it necessary to call ever older into the line of battle, which is an ample indica¬ heavily 4,000,000 reserves people of the lack tion of man-power. Toward the end of Febru¬ 45 and 46 years old were called to service. The Russians began the latest phase of their invasion on ary reserves Feb. 1 when they suddenly launched tides vast of men and equipment against the Mannerheim line on the Kare¬ lian isthmus. This frontal attack was anything but sur¬ prising to the Finns, who resisted stoutly. The incessant said by the Germans to total 1,903,000 tons. These figures considerably higher than the known sinkings. German aerial squadrons droned over the East Coast of England artillery are and the back. bombardment of the carefully prepared attack, simple lack of reserves, gradually forced the Finns They inflicted extremely heavy losses on the Rus¬ and sians, but Scotland, wherever weather conditions were propitious, and the bombing airplanes inflicted some damage on ship¬ ping. on occasions of British airplane raids were made on a number of over Helgoland and other German bases, with the damage not a matter of public knowledge. One of the most significant incidents of the month was the so-called Altmark case, involving a German supply ship of that name which accompanied the scuttled German pocket battleship Admiral Graf Spee in the South Atlantic. With some 300 British seamen prisoners in her holds, this where she ship entered Norwegian territorial waters, discovered by authority Cossack British aerial patrols. of British the closed in on the Cabinet, the Altmark on the prisoners and precipitating a dispute as For the to rights the between war Acting and British troublesome international duties of neutral Norway. Germany and the Allies, the incident important chiefly because it emphasized the use being by German ships of the territorial waters of Norway and Sweden, in order to avoid the British blockade. The was made British Admiralty February, instituted, during the structed by continue. But fresh the Finns second half of close patrol of Scandinavian waters, clear to the Arctic boundary with Russia. This resulted in a few a Russian a Neutral To degree one tries their found in now Reports of the undeclared against were the small Northern terranean the and area country by of Russia Finland discouraging during February, owing to a strenuous unremitting offensive started by the Russians On and Feb. 1 against isthmus. the Mannerheim Despite enormous contrast with the two line of the Karelian losses, the Russians pushed steadily forward in bitterly cold weather, and through deep In snow. ing in prowess, this the war, but by the nation found their same previous months of fight¬ Russians token activities the ever displayed remarkable defenders of the little trying. The month of fighting brought the invaders through the western end of the Mannerheim line, and to the gates of the small city of Viborg, which is an admittedly important strategic point. There was no more great disparity in the reports of the fighting from either side, which makes the matter clear to the out¬ side world. The Russians engaged in offensive operations the Karelian isthmus, but also north of Lake Ladoga, and far to the north in the Petsamo region. The requirements of defense at these widly scattered points not only on Europe the diplomatic strains and the Scandinavian countries going difficult. coun¬ wars stresses The Low Countries also found subjected to were various infractions of their neutrality, and to heavy losses shipping, but both the Netherlands and Belgium are clearly determined to remain neutral at any cost, unless of and other peninsula, There through supplies. Allied an was Coupled desperate a February for with this was offensive from the Near East, against Germany's tug-of-war Rumanian rear. The oil, in wheat possibility a the Balkan up Allies were re¬ to have concentrated upwards of 500,000 troops in East for such an endeavor, heavy arrivals of Australian troops in Egypt being one indication. Turkey Near the being waged war to untenable, and Fin¬ were various ported European were con¬ destined amply reflected throughout February in reports from capitals. The principal problem was that of Southeastern Europe and the Near East, while the Medi¬ the of reported. hastily seems were selves in such waters, and one or two sinkings of the were and i>rogress, all Conflict conflict another, all the European neutral interests deeply involved in the or invaded. Russo-Finnish the division. actually other parts of the world also the* troops withdraw from that area. North of Lake Ladoga, however, they claimed the defeat and decimation of progress same stormed nish that the Allies were preparing to attack or blockade Russia, but the real intent of the measure was fairly obvi¬ ous. A number of German merchant ships scuttled them¬ rumors type in defense lines and The Petsamo defenses was removing Red troops Feb. 26. The forts were the last defense of the City Viborg, which the Russians virtually surrounded at the start of March. destroyer 16, of waves the direct on Feb. greater ever defenses, and the Koivisto Island fortifications finally fell appeared side early to lean in ever February. sharply more Late in toward the the Allied month, however, a squabble occurred between Great Britain and Italy re¬ garding coal shipments in Italian bottoms from Germany to Italy, and it is at least possible that this reflects diplo¬ matic difficulties efforts to enlist which the Allies Italian support, move in the or encountered ensure in Italian their neu¬ trality, for a major Near East. Obviously, Italy lio]ds the key to any such war effort, Large-scale troop movements were noted from the Hol¬ land side of the border late in February, and this occa¬ deep concern as to German intentions respecting the srqall neutral State. Early in March, German airplanes sioned shot down two upon spread in any as Belgian airplanes, and apprehensions there¬ to the intentions spring movement. These of German commanders troublesome matters, but the Scandinavian neutrals found their difficulties even more for pronounced. problems the Sweden were endeavored occasioned by the to find Russian a solution^ invasion of Finland, but finally decided to avoid official aid for binwhile permitting private aid and enlistments in the land, problem in "state vessel carrying some 300 imprisoned British seamen to the Reich, after capture in the South Atlantic by the scuttled German ship, Admiral Graf Spee. The British destroyer Cossack ignored territarial limits of Norway and several Norwegian warships on Feb. 16, when the imprisoned men were rescued deep within a Norwegian fjord, a number of German sea¬ men being killed in the course of the action. This pro¬ voked a series of protests from Germany to Norway, and from Norway to Great Britain, but no satisfaction was granted anywhere, and it is possible that the settlement of this dispute will be deferred until the end of the Euro¬ pean war. The Scandinavian countries met at Copenhagen, Feb. 24, for study of their mutual neutrality problems. Finnish Norway met a peculiar defense corps. the Altmark which involved a German case, Italy, as the most powerful of the European neutrals, relatively free of diplomatic encounters in the first five months of the great European struggle, but toward was seemed suddenly to still is lacking. The facts, as reported, are simply (that Anglo-Italian trade negotiations suddenly were suspended in February. This was followed on March 1 by a British decision to halt ship¬ the of end 7 MONTHLY EEYIEW March, 1940] situation the February change, and an adequate explanation civilians including airplane bombing of helpless old tactics, The railway from French Indo-China to China proper was bombed on many occasions early in February. Japanese military commanders claimed for a time that they had "trapped" great numbers of Chinese troops, but the "trap" appears to have had an out¬ let somewhere. Spring weather now is approaching in China, and military observers expect a further series of military moves by the Japanese and Chinese, but it also is possible that political incidents will vary the course of in various centers of population. events. America Latin Relatively quiet political conditions prevailed throughout Latin America during February, possibly because the usual "palace" tion intrigues require¬ the by dampened been have carefully neutral procedures in the world situa¬ it now exists. Costa Rica held a national election of ments as Feb. into power democratic and opposed to communism. The European war is bring¬ ing a mild sort of prosperity to a number of Latin Amer¬ ican countries, but the tendency is still to look toward the on Dr. 10, and Rafael United in "Inter-American and aid This ten¬ for an leadership. of elaboration the is who Guardia, financial reflected was brought balloting Calderon States for dency quiet the Angel i>lans economic and finan¬ As destined for Italy. Ostensibly a move against the Reich, outlined on Feb. 7, the Bank would have a capitalization this British decision clearly must be related to Italian de¬ of $100,000,060, to be supplied by the various countries in velopments, for the incentive to interfere with German accordance with their foreign trade totals of 1938. Under exports was well illustrated in the complete shut-down of this scheme the Bank would, .of course, receive most of all but the coal shipments to Italy, at the start of this its capital from the United States. l?he passage by the __year^~.The -strategic- positiori-of Italy in the middle of the. -United States Congress .of the bill providing the ExportMediterranean, and the reputed desire of the Allied com¬ Import. Bank of Washington with authority to lend a fur¬ mand to operate in the Near East, give this incident un¬ ther $100,000,000 aroused keen interest in various countries usual significance. Turkish control the have must men on aim free several attack to Black the to access occasions they Turkish spokes¬ Germany from the rear, have Sea. declared that they are not merely non-belligerent, and the £60,000,000 "loaned" by Great Britain to Turkey indicates clearly on which side Turkey is "not neutral." The possibility of but neutral, Allied an much is attack all if any certain that reported was lines oil lines Russian it almost that on discussed, and February move has been Baku from of this sort develops it Turkey will participate. Late in from various Balkan centers communication of cial with Turkey were inter¬ for American fresh Argentina being having external cent no Feb. on bonds to The Turkish war unless that this Turkish sudden relates to an Russian policy, he said, is to stay out of the interests change in Italian Mediterranean. a The are involved. the Turkish decision to retain It is possible view of the a free hand change at Ankara is the more war in the start¬ ling in view of expulsions earlier in February of German technicians • employed in a Dardanelles shipyard. Among the Balkan neutrals, Rumania found her position by far the most difficult during February, for the oil and wheat supplies of that country are bones of contention between Germany and the Allies, while Bulgaria, Russia and Hungary would not be displeased by events which might restore to them territories incorporated in Rumania made was two on Rumania. appeared to German troops, on the other hand, have the northern border of the country, ostensibly the railway connection running through the But on protect Polish sweep occupied by Soviet Russia after the German Poland, and Rumanian authorities also en¬ placate Berlin. Fearful of the results of the area over deavored to conflict, Rumania brought more and more men in February, and by the beginning of March to be almost completely mobilized for war under was arms reported developments. Hardly a change of note East 1940 after on area was concerned Jan. 26, aroused the greatest concern in the Island Em¬ pire, where it apparently was thought that the step would be followed by an embargo on war materials shipments from the United States. * So seriously was the situation regarded that a Cabinet change occurred in Japan in Janutry. But more than a month now has passed since the treaty lapsed, and no measures have been taken by the Washington Govertomknt. Apprehensions are dwindling in Japan, and the United States is losing "face" in the Far E&st. The invaders of China rapidly resumed all their 0% dollar re¬ move dollar The Colombian Ambassador loans Feb. 12 that on Government his of will are be to . held with the Foreign Bondholders Steel Trade—Non-Ferrous Metals The steel ward trade trend prices. of announced steel continuance a production, with of low new the down¬ steel scrap Increased activity was reported in the non-ferrous metals markets. The "Iron Age" of Feb. 22 stated in part follows: "Although steel ingot output continues to de¬ cline, the drops are becoming less precipitous, indicating, perhaps, that a leveling off process may come within the as next few ments There have weeks. cancellations of tonnage have been Meanwhile, been mill on requested in quite business new is relatively few outright but deferred ship¬ books, not number of instances. a showing gains. At best aggregate volume of incoming tonnage represents 40% 50% of capacity, while in some cases it is not that good. the to Most of the current vidually small." the last few enough or of new days. fill-in are lots which the enough of indi¬ are same publica¬ "A noticeable change for the better in steel orders has occurred within the While large nor orders In its issue of Feb. 29 the said, in part : volume the improvement to be is conclusive downward trend of neither broad evidence the of past a two three months, decline in halted. it is, at any rate, the first sign that the buying and in production may have been new Taken in conjunction with other factors, such as upward trend in automobile manufacturing, an increas¬ ingly good export trade, the approach of spring, the sta¬ bility of the price structure, and the fact that the 'Iron Age' steel scrap composite price is unchanged for the first the since time mid-January, slight though it is, ^ at present have the betterment in order volume, may be of more significance than, be established. consumers also can Inquiries for steel from domestic appeared in larger numbers, indicat¬ ing, perhaps, the working down of inventories, though some are suspected of 'feeling out' the market to deter¬ mine the strength of prices. Current export sales and buyers pros¬ for further within reported in February in the directly in the Japanese inva¬ sion of a vast portion of China. The termination of the 1911 trade treaty between the United States and Japan, Far Eastern American Latin in one Protective Council. pects Far February. Only be general reversal British pressure clearly was applied to prevent shipment of oil, and especially of avia¬ tion gasoline, from Rumania to Germany. British, French and American capital chiefly is interested in the Rumanian oil fields, which makes the problem a difficult one for loans. 1940 at half the contractual rate, while $400,000 provided for market purchases and subsequent cancellation of the bonds. Negotiations for debt' service would however, also centers wheat riches available there. in themselves be paid in tion Rumania, because of the oil and proved Venezuela and exception debts—have longingly countries— the of most honorable an known to look are But Washington, Dr. Gabriel Turbay, stated interest after the World War. There is little immediate prospect, however, of any conflict between the Balkan States, owing to the threat of involvement in the larger European con¬ flict, most observers contend. That threat of involvement, on 0 loans. unworthy of additional adjustment of defaults on toward 29 that his country has no intention of attacking Russia and has no reason to expect attack. special a years rupted, and that mobilization had been ordered at Ankara. But the Turkish Premier, Refik Seydam. declared in a radio address Bank," by advisory committee of all the American republics. south of the Rio Grande which developments were watched narrowly, owing to of the Dardanelles exercised by that country. the Allies If Italian bottoms, coal from Rotterdam in ments of German some of expansion are attracting more attention industry than the domestic situation. With companies^ February export totals any war the month caused a withstanding since September, rush the will exceed those when the outbreak of the of foreign buyers to this market. difficulty of doing business with countries ficial owing to exchange restrictions barriers, the total volume from all encouraging. The growing volume of and world war other arti¬ sources orders placed Not¬ some is being in Canada, together with normal non-war require¬ ments, has fillediip Dominion mills for some months, caus¬ ing a larger overflow of steel orders into the United States. Among important steel-using industries, the automobile in¬ dustry is outstandingly the most active. Railroad equip¬ ment demand, more or less dormant since the heavy buving last fall, has sprung to life in a moderate way." Tin-plate MONTHLY REVIEW 8 production at the close of February was at the rate of approximately 55% of capacity, as against 65% at the end of January. The "Iron Age" steel scrap composite price was reduced on Feb. 6 from $17.33 a gross ton to $17.08; on Feb. 13 to $17.00, and on Feb. 20 to $16.71, or approxi¬ mately the lexel of Sept. 12, 1939, which was the first week of the sharp rise that followed the outbreak of war. the close At The "Iron Age" composite prices of and pig iron remained at 2.261c. a pound gross ton, respectively, as compared with steel and $22.61 a 2.286c. for finished 65.9% for the week beginning Feb. 26, 1940 (the lowest since the week of Sept. 4, 1939, when operations were reported at approximately 58.6% of capacity), and com¬ with 67.1% for the week beginning Feb. 19, 1940; 68.8% for the preceding seven-day period; 71.7% for the week beginning Feb. 5, 1940, and 77.3% for the week be¬ pares At the close of February, 1939, opera¬ be at the rate of approximately 55.8% of capacity; in the last week of February, 1938, at 29.3%, and in the like weeks of 1937, 1936, 1935 and 1934, the rates were 85.8%, 52.0%, 47.9% and 45.7%, re¬ ginning Jan. 29,1940. reported were to spectively. metals, As to non-ferrous "Metal and Mineral Markets" reported during the month in substance as follows: Buy¬ during the week ended Feb. 27, 1940, following the excitement of the previous seven-day period that involved an increase in price and heavy sales. During the holiday week ended Feb. 27 a total of 9,045 tons of copper were sold in the domestic market, as against 112,425 tons in the previous week, 14,899 tons in the week ended Feb. 13, and 7,078 tons in the week ended Feb. 6. Domestic copper sales amounted to 141,920 tons for the ing of copper moderated full the Feb. to month 27, month which of with 24,987 tons for and 29,211 tons in December. compares January Shipments of domestic refined copper during February are estimated by the trade to be between 80,000 and 85,000 against 91,428 tons in January. tons, After declining from 11.62%c. to 11.25c. a pound, Connecticut Valley, the of copper was price increased Feb. on Feb. 7, to 11.50c. 20 Feb. 28, when sales totaled 12,214 tons, which contrasts with 15,767 tons during the week ended Feb. 21; 12,632 tons during the week ended Feb. 14, and 1,600 tons during the week ended Feb. 7. The quotation for lead, after dropping on Feb. 7 from '5.25c. to 5.00c., New York, on Feb. 28 was at the 5.25c. level. Demand for zinc im¬ proved during the week ended Feb. 24 on nervousness over the price situation, with sales for common grades amount¬ ing to 9,431 tons, against 1,161 tons in the preceding sevenday period, 1,855 tons in the week ended Feb. 10, and 1,016 in tons the week ended Feb. 3. Shipments of common grades of zinc for the week ended Feb. 24 involved 4,018 tons, against 3,237 tons the week before, 3,733 tons in the week ended Feb. 10, and 3,964 tons in the week ended Feb. 3. Effective Feb. 26, the quotation for zinc was raised one-quarter cent to 6.14c., New York, or to the same price that was m effect .prior to Jan. 22. Tin prices were higher at the close of the month, reflecting the firmer undertone in the London market and better buying here, and closed on Feb. 20 at 47.75c., New York, which compares with 45.75c. on Jan. 31. The International Tin Committee met London in on Feb. 26 and fixed the export quota for the quarter of 1940 at 80% of standard tonnages, as against 120% the rate agreed upon for the first quarter. second Lumber Movement According to reports to the National Lumber Manufac¬ turers Association from regional associations covering the operations of representative hardwood and softwood mills, lumber production during the week ended Feb. 24, 1940, 0.1% less than in the previous week, shipments were 3% less, and new business 1% less. Compared with the corresponding week of 1939, production, shipments and new was business showed tively. average an increase of 11%, 2%, and 22%, respec¬ The industry stood at 67% of the seasonal weekly of 1929 production and 65% of average *1929 ship¬ ments. Reported production, shipments and eight 4% weeks and ended 9% in Feb. excess of 24;' 1940, the new were, same orders for respectively, figures for the the 9%, corre¬ sponding period of 1939. For the eight weeks of 1940 new business was 10% above and shipments were 6% above production. The ratio of unfilled orders to gross stocks was 21% on Feb. 24, 1940, compared with 16% a year ago. Unfilled orders last year ; gross were 24% heavier than were 4% less. at the same time stocks In the week ended Feb. 24, 1940, a total of 508 mills pro¬ duced 202,586,000 feet of softwoods and hardwoods com¬ bined; shipped 193,311,000 feet, and booked orders of 194,323,000 feet. Revised figures for the four preceding weeks follow: 537 522 530 Jan.j 27, 1940 198.592,000 215.044,000 211,490,000 189,938,000 (Feet) 204,565.000 203,296.000 207,018,000 209,405,000 .. Hides, Leather and Footwear The First National Bank of Boston, in its 29, comments Letter," under date of Feb. "New England these mar¬ upon kets as follows: "Shoe relatively maintained at a been has production ber New rising prices. against protection a as business staples has been dull for some time, however, and the industry has had to rely upon spring novelty lines for the bulk of its business. A cautious attitude regarding retail in agree on prices has hand-to-mouth basis. Preliminary estimates for production in February accord¬ ingly indicate a less than seasonal rise over January. Some new business is being placed for delivery in April and May, and prices, while showing no real improvement, are expected soon to advance in some lines. "Tanners report a quiet business, and prices of many leathers have shown a softening tendency. Backlogs which Were built up in September have been worked down to a low level, and finished cattle hide leathers have accumu¬ with trade caused buyers to operate on a view lated in demand. leathers inability to consequent a many with the failure of have of of Producers to, curtail Jm.line tanners the" expensive upper demand more more brought output into line with than have sole leather tanners. "Spot hide1 prices firmed during the first two weeks of February under the influence of a rising futures market. Most of the buying, however, has been by traders whose readily purchases ultimately must find their way back into the spot market. Heavy native steers are currently quoted 13c. at pound as compared with 16 %c. at the end of although the seasonal differential in quality per September, between the two months accounts for much "In Buenos on Buying of lead, which had been active for a period of two weeks, continued at a high rate during the week ended reestablished 194,521,000 191.849,000 185,787,000 178,408,000 January is estimated to liave been 17% above the 10-year average for that month due in part to the substantial orders for staple footwear which were placed in Septem¬ rate tions 544 --- of steel companies having approxi¬ of the industry, according Institute, was scheduled mately 97% of the steel capacity to the American Iron and Steel at 17, 1940 Feb. 10, 1940 Feb. 3, 1940 Orders Received (Feet) high rate thus far this year, although activity has not been uniform among the various types of footwear. Output in operating rate The Shipments, steel and $20.61 for pig iron in Febru¬ of last year. ary Production, (Feet) Mills Week Ended Feb. 1939, steel scrap was quoted at of February, $15.08 a gross ton. finished No. of p of the decline. Aires, where the current take-off is of prime quality, the trend of prices has been slightly upwards on a are Argentine steers now priced at 16%c., duty paid in New York after allowing for the European good volume of recent buying. in increase1 rates." freight Grains Prices for wheat displayed easiness during the early part of the past month, and after a sumed downward a tendency. sharp recovery again A continued lack of re¬ new price-raising influences caused a continuance of the liqui¬ dating movement at the outset. Crop news was featureless, and there were reports of beneficial rains and snows in sections important of indication snow wheat came belt. with The first reports from would suggest a more active demand for wheat, and especially so in view of the Argentine crop. belief the duction in Private estimates appeared to that con¬ that the Argentine pro¬ below the output of last sea¬ quarters many will be considerably Indications European warfare would likely be¬ intensified in the spring also made sellers more less cautious. However, neither the adverse European come or trend possible extensive damage to European winter as a result of extreme cold and inadequate covering. Naturally, a prospective decrease in Euro¬ small son. in crops pean production North American firm winter the of abroad wheat of reversal a more outlook the war caused any unusually heavy in¬ export demand, and with improved domestic weather and crop conditions, offerings increased and prices against reacted. The reports of an unfavorable European crop outlook were partly offset by estimates placing the crop in creases Australian last nor the at 210,448,000 bushels, crop compared with the official estimate of 186,500,000 bushels. Furthermore, the liquidation of loan wheat appeared to be assuming larger proportions. The maturity date of the loans is drawing closer and Washington officials have denied that rumors extension contemplated. of wheat held rye, to a Thus, it on of the was maturity date was being predicted that the liquidation loans is large extent, likely to increase. Corn, oats and followed the trend of wheat. In regard to corn, the inactivity of demand for export, the large supply, and the fact that the hog-corn ratio has be¬ increasingly unfavorable for corn constituted the depressing influences. In Chicago the May wheat option closed on Feb. 29 at 103c. as against an opening of 96c. on Feb. 1. At Winnipeg the May wheat option closed on Feb. 29 at 89 %c. as against an opening of 84 ^c. on Feb. 1. May corn in Chicago closed on Feb. 29 at 56% c. compared with an opening of 55 %c. on Feb. 1. come chief price May oats 38 j^c. with on an closed Feb. 1. at • 40 %c. May opening of 66c. compared rye on with an closed at 66%c. opening of as compared Feb. 1. Sugar More market less narrow price fluctuations characterized the for sugar "futures" during the or feature during the month past was month. The the_ surprise announcement MONTHLY REVIEW March, 1940] 25 Feb. on by nal quota Dec. 29 1940 for and Wallace that the Secretary of Agriculture quota was to be reduced 6,725,100 of The origi¬ by 117,355 short tons. tons announced was on Secretary then stated that some adjust¬ ment might be necessary when consumer requirements be¬ came more clarified. This development, however, failed to cause more than a temporary flurry in prices. There was some buying for speculative account, which soon subsided. The $ugar trade appeared to interpret the reduction as a "token" cut, and as an indication that the Government was "friendly" toward the market. The reduction never¬ the theless was rise prices. in not sufficient Demand to for than more cause limited a continued- inactive, and raws the grinding season now under way in Cuba increased supplies of raws should be available to the market. Fur¬ thermore, refiners appear to be well supplied with raws. with A minor blow to frosts recent in the consumption the South outlook which scored by was fruit destroyed crops, erable steadiness, and prices were able to regain part of previous month's losses. Early in the month the an¬ the nouncement, made late in January, concerning the discon¬ tinuance of cotton ther in securities and small exclusive of duty: On Feb. 1 ex-store at 1.90c.; Feb. 10, on port movement supplied was well as temporary scarcity of let-up of that stocks. 1. the quoted. was general -during the levels. trend past in market the month Liquidation March "futures" coffee for slightly towards was contracts lower was price feature. a Although spot markets ruled comparatively steady, roasters purchased sparingly. The cold wave throughout the coun¬ try caused some pick-up in the consuming demand, but the volume No. was Santos 7 sufficient to not cause great enthusiasm. any quoted on Feb. 29 at 6^c.@6%c., the against 6%c.@6%c. Dec. 29; 6%c.@ 6%c. Nov. 30; 6%c.@6%c. Oct. 31; 6%c.@7c. Sept. 30; 6%c.@6%c. Aug. 31; 6%c. July 31, the same as on June 30, against 6%c. May 31; 6%c. April 29 (April 30 was Sun¬ same day) as on was Jan. 31, 6%c. March 31, and 7c. Feb. 28. ; No. 7 Rio wras quoted Feb. on Jan. 31; 5%c. Dec. 29; 5%c. Nov. and 29 at 5%c. against 5%c. 30, the Sept. 30, against 5%c. Aug. 31, the June 30; 5%c. May 31, the same and March 31, and same as on same as on Oct. 31 July 31 April 29 and as on 5%e. Feb. 28. Rubber Crude rubber during the first half of February rallied moderately, chiefly under the influence of favorable ad¬ vices from the London market attributed to active demand from England and Continental sources for spot and short to covering in the March position. material, Additional supporting factors were scattered purchases by tire fac¬ tories, cable reports that freight rates from Hongkong to New York would be increased, and the release of the United States to 54,978 tons, consumption figures for January amounting and exceeding previous trade estimates by a substantial margin. Subsequently the market assumed a waiting attitude, and prices receded, pending the delibera¬ tions of which International Rubber Regulation Committee, Feb. 20 decided to leave the export quota for the quarter unchanged at 80%, ruling at the same time on second that the additional no new planting from January, 1939, to December, 1940, will be permitted. The quota decision, although generally expected, was followed by moderate trade and commission house a reversal in the the continued large ex¬ in a kets was to mild users by a because of 11.33c. of was 10.89c. 10.81c. Feb. on Feb. 3, 26, and Business in the gray cloths mar¬ moderate revival a York low a high a also planning to cur¬ further accumulation New to caused were prevent reaction and dull during most of the month, but late in very the period exports domestic mills order Spot cotton here in After of appeared to of buying by converters and be getting under way, partly be¬ of successive price recessions conceded by the mills, and in part owing to the fact that supplies in users' hands selling, and additional had been permitted sink to below normal levels. Print cloth at Fall River for 28-inch 64x60's was marked downFeb. 9 from 4%c. to 4c., at which figure it stood Feb. 29. The price of 27-inch cloth 60x64's was 3%c. Feb. on 29, with pared S^4c. Feb. 4c. 29 Jan. 31, against and 8V2C. Osnaburgs Jan. 31. were com¬ quoted at The report of the Census Bureau, issued Feb. 14 and covering the month of January, showed that cotton consumption reached a new high record for that month, and moreover was, with the exception of March, 1937, the largest for any month on record. The amount consumed in January was given as 730,143 bales of lint and 91,057 bales of linters, compared with 652,695 bales of lint and 104,687 bales of linters in December, 1939, and 598,132 bales of lint and 65,622 bales of linters in January, 1939. The woolen goods markets continued to be dominated by between-season influences, and mill operations showed a further tapering off. Prices, however, ruled steady, re¬ flecting the receipt of numerous fill-in orders from clothing manufacturers, and continued satisfactory reports about sales. Trading in women's wear materials remained fairly a_ctive, under the influence of the steadily expanding movement of finished goods in distributive channels. Japanese double extra 13-15 deniers were quoted Feb. 29 retail at $3.00@$3.05 against $3.10@$3.15 Jan. 31; $4.50@$4.55 $3.43@$3.48 Nov. 30; $3.55@$3.60 Oct. 31; $3.10@ $3.15 Sept. 30; $2.65@$2,70 Aug. 31; $2.70@$2.75 July 31; $2.51 @$2.56 June 30; $2.58@$2.63 May 31; $2.46@$2.51 April 29 (April 30 was a Sunday) ; $2.10@$2.25 March 31, and $2.20@$2.25 Feb. 28. Dec. 30; In the extra case were of the quoted at 20-22 deniers Japanese crack double $2,91@$2.96 Feb. 29, against $3.03@ $3.08 Jan. 31; $4.43@$4.48 Dec. 30; $3.41@$i3.46 Nov. 30; $3.47@$3.52 Oct. 31; $2.94@$2.99 Sept. 30; $2.50@$2.55 Aug. 31; $2.58@$2.63 July 31; $2.49@$2.54 June 30; $2.56@ $2.61 May 31; $2.39@$2,44 April 29; $2.13@$2.18 March 31, and $2.25@$2.30 Feb. 28. Petroleum and Its Products pressure exerted was through heavy liquidation in the March de¬ Late in the month prices steadied somewhat under livery. the influence of renewed purchases by tire factories. Ribbed smoked sheets for spot delivery were quoted at 18 9/16c. asked Feb. 29 against 18%c. asked Jan. 31; lO^c. asked Dec. 29; 20%c. asked Nov. 30; 20%c. asked Oct. 31; 21c. asked Sept. 30; 16%c. asked Aug. 31; 16%c. asked July 31; 16y2c. asked June 30; 16 ll/16c. asked May 31; 16c. asked April 29 (April 30 was Sunday) ; 15%c. asked March 31, and 16%c. asked Feb. 28. Textiles The textile trades continued inactive, with between-seainfluences, adverse weather conditions, and the further recession in industrial activities forming the chief retard¬ ing factors. Retail business experienced a perceptible set¬ back, the degree of which was closely related to weather son conditions prevailing in the various sections of the country. Apparel lines were least affected, whereas other divisions, such as home-furnishings, public buying power, ment. Wholesale felt due to trading the results of decreasing slackening industrial employ¬ profited somewhat by fill-in merchants, apropos of preparations for the demand. Generally, however, wholesalers as orders of retail pre-Easter well as retailers maintained their cautious in view of the many buying attitude, uncertainties, both domestic and inter¬ surrounding the nearby business outlook. Mod¬ erately optimistic opinions with regard to the future vol¬ national, ume continued cause Coffee The by volume other of 4.40c. to 4.50c. range started shipping facilities, some operations Feb. in available until Feb. a the reports that domestic mills, not¬ withstanding slackening sales, continued to maintain opera¬ tions at high levels. In the closing days of the month a slightly easier trend got under way, chiefly owing to a the quotation rallied to closed at 11.20c. Feb. 29. 28, when did as as February shipment at 1.92c.; on Feb. 23, March shipment 2.00c.; on Feb. 26, March shipment at 1.98c. and 1.97c., and on Feb. 28, prompt shipment at 1.95c. The wholesale price for refined, immediate delivery, was quoted at 4.50c. at market, cloth other commodities favorable factor tail of the in domestic price trend which, subsequently, became slightly accelerated owing to fair-sized short covering operations. An additional indicating smaller sugar requirements from canners in the during the month were volume and consisted of the following, all c. & f. the business, and further heavy selling from foreign sources. A let-up in the latter, and a general moderate improvement in the price structure of spring. raw sugars export subsidy payments had some fur¬ repercussions dulness of minors Sales of Cuban 9 of business predicated retailers' sound on the entertained, however, in many quarters, realization inventories condition for the are better. and of need that wholesalers' merchandise are in replenishment, at Raw cotton in as well as thoroughly the first turn February displayed consid¬ vied Texas with Washington for the headlines in the petroleum news during February as the Federal Courts ruled the proration setup for the East Texas field domestic unconstitutional and the Cole hearings in Washington State-industry front against the planned legislation which would place the petroleum industry under showed a united oil Federal control. AlsoTnewsworthy was the fact that for the first time in history, the Texas Railroad Commission ignored the recom¬ mendations of the United States Bureau of Mines in setting the allowable for March. Quick to follow was Louisiana and oil men feared that the movement might become general with a resulting swell in crude oil production. A three-judge Federal Court ruled in a decision handed down in Austin late in the month that the Texas Railroad Commission!order covering production in the East Texas the basis of three-fourths of the production allow¬ field on able, on a per well basis, was unreasonable and unconstitu¬ A court order granting a permanent injunction to the Humble Oil & Refining Co. and the Rowan & Nichols Oil Co. was staved off by news that the Commission would tional. appeal the decision. In making known the court's decision, Presiding Judge^ Sibley said that the Court's general conclu¬ sions were not final, and it reserved the right to make more definite rulings later. |&The decision ruled that the contentions of the two com- panies^ involved in the litigation that the present order's provisions making an allocation of 20 barrels for each well, other than marginals, and prorating the remainder according formula, works inequitably against the properties with greater reserves, but expressly sustained the present top to a allowable for East Texas field as set by the Commission. It MONTHLY REVIEW 10 •was well law is not invalid but the significant because it is prescribed for ruled that the marginal 20-barrel quota is not "perishing" wells. ' Early in the month, the Texas Railroad Commission an¬ nounced that it would rescind the 7-day production week which had been restored February 1 for the first time in , many Chairman Lon A. Smith months. announced that he Jerry Sadler and E. O. Thompson home from Washington, where they were testi¬ fying before the Cole sub-committee, to sign the new orders restoring a five-day production week. When Mr. Sadler and Mr. Thomspon returned to Texas, the picture changed and it was announced that the 7-day production week would would summon fellow Commissioners remain in effect. * • Th* substantial increase in the March allowable for Texas and State representatives who held that the States, through the exercise of their police powers, can protect, and in most instances, do protect petroleum reserves against waste. Should the Cole bill be enacted and be sustained by the as other did Governors testified at the hearings, against the certain tests that would be made, said "I predict it will prove the entering wedge for those who seek Federal control of all production and industry." Toward the end of the month, political gossip in Wash¬ Courts Governor Phillips ington was freely predicting that the Cole measure, at least in its present form, has little chance of becoming law during the current session of Congress. It was pointed out that the oppositon shown the measure by the spokesmen oil-producing States makes the bill too much of a "hot potato" for a year as important in politics as 1940 will be. Republicans, naturally, can not be expected to support sustained for the Railroad Commission in the final week of for the recommendations Mines aroused fear in the any measure which would place any industry under Federal control. Democrats probably would prefer not to have to industry that this move might precipitate a wide-spread vote on the bill, and its proponents are reported unwilling disregard of the recommendations of the Federal agency to risk a sharp defeat, preferring to wait until conditions are which might result in excessive production of crude oil more favorable for pushing the bill. throughout the nation. E. O. Thompson, of the Com¬ A bitter attack, challenging the constitutionality of the mission, pointed out that the March raise was due to the Cole bill, was initiated by Jack Blalock, Houston attorney, fact that demand in Texas for crude had risen to the point representing the members of the Interstate Oil Compact where withdrawals from storage totaled 900,000 barrels in Commission. In making his onslaught, which was preceded the same week that the Bureau issued its recommendations. by a brief resume of similar attempts to pass such legislation The Texas Railroad Commission set the March allowable in Congress, Mr. Blalock pointed out that he would not make for the State at 1,479,521 barrels, which was approximately any effort to show the undesirability of the legislation or the 90,000 barrels above the February 1 allowable. The Bureau lack of necessity for its passage, but would confine himself of Mines recommended a 40,000-barrel reduction in output to the legal questions involved and to showing that the bill in the Lone Star State during February in its regular monthly was uncontitutional. market demand estimates. Illinois, which during February "The exclusive power to regulate production of crude oil increased production to the point where it threatened Okla¬ rests in the Sovereign State itself through a reasonable homa's position as third-largest producer, has no State exercise of its police power," he argued. Contending that control and therefore does not follow the Federal recom¬ under the Constitution, authority of Congress to provide mendations. However, the industry felt that Oklahoma, for national defense is limited to the imposition and collection Kansas and Michigan might follow the lead of Texas and of taxes, Mr. Blalock stated that his interpretations had Louisiana in ignoring the Bureau's recommendations in been adopted by the courts in numerous decisions. setting future allowable schedules. "Does this bill provide for the laying and collection of Daily average market demand for crude oil in the domestic taxes, duties, imposts and excises for the purpose of providing market during March was estimated by the United States funds for the common defense?" he asked. "It does not. Bureau of Mines at 3,500,000 barrels, a monthly total of The bill in no manner brings into operation the taxing 108,250,000 barrels. The March allowable represented an power of Congress; on the contrary, it just boldy purports increase of 4.5% over actual market demand in the compar¬ to regulate the production of petroleum. Testing the bill, able 1939 period but was 28,400 barrels under the figure therefore, in the language of Section 8 (1) as interpreted and representing estimated market demand during February. defined by the framers of the Constitution itself and by our The report indicated that the disappointing showing for United States courts, we must conclude that it cannot be March was due to the record high holdings of gasoline. sustained under the 'National defense' theory. Congress Organized opposition to the Cole bill, which would place does not have the authority to enact provisions contained the petroleum industry under Federal control, was shown at in H. R. 7372 under the authority of Section 8(1), Article 1 the meetings held by the special House Interstate and of the Constitution of the United States." Foreign Commerce sub-committee in Washington during While admitting that the Constitution delegates to the most of February. Representative Cole, who also is chair¬ Congress the power to regulate interstate commerce, he man of the special sub-committee, introduced the legis¬ argued that production of oil from the ground is neither lation at the last session of Congress with the support of "interstate commerce" nor even "commerce" and no au¬ President Roosevelt who at that time said that he believed thority accrues to the Federal government until the oil that such legislation was necessary for the proper conserva¬ starts to move from the production point. He suggested tion of the nation's natural resources. that the Federal government could constitutionally provide When the hearings began early in February, Chairman for the national defense by "conserving oil in the lands Cole made public in Washington a report from C. C. Brown, already owned by the United States and by purchasing a Federal Power Commission engineer, which was an out¬ ordered by the February without consideration of the United States Bureau of # right demand for complete Governmental control of pro¬ duction of oil. Mr. Brown's report to the Commission, which had not yet been acted upon by the Federal Power agency, was in direct Contradiction of the claims advanced Compact Commission and representatives of the oil-producing States that the States were "capable of running their own affairs, and the national defense setup is not adversely affected by the presence of State-controlled production of oil." "It is my definite opinion," said Mr. Brown in his report, "that the proper and adequate conservation of petroleum, natural gas and other hydro-carbons, cannot be satisfactor¬ ily accomplished through State control, either individually or by means of State compacts." In view of this, he pointed out, "it is therefore my recommendation that appropriate Federal legislation be enacted completely controlling the production, conservation and wastage of pertoleum, natural gas and other hydro-carbons in the United States." by the members of the Interstate Oil Mr. Brown's report was quickly seized upon by opponents definite proof that the primary interest of the Government had from the start been for Federal control of the oil industry. Since the Brown report of the Cole measure as holds that petroleum and natural gas, unlike coal, metals and other solid minerals, are "migratory commodities that do not respect State mean a new slant on lines," oil mean feared that this might based on the Government's approach, the contention that oil deposits are in interstate commerce and therefore subject to Federal control. Governor Leon C. Phillips, of Oklahoma, chairman of the Interstate Oil the first witness to testify at the hearings on ington. newly-elected Compact Commission, was Feb. 5 in Wash¬ He told the sub-committee that the exercise of the the Cole would be confiscatory and which would violate the fifth amendment to the Constitution which guarantees that no person shall be deprived of property without due course of law. "Since the bill grants such powers, I am convinced that it is unconstitutional," he pointed out. Governor Phillips, broad rights granted the Federal government in bill would result in rules and regulations which oil-bearing lands from others." That the industry itself opposes the Cole bill was made strikingly clear in the testimony of George A. Hill Jr., President of the Houston Oil Co., first industry witness to testify before the sub-committee. committee that the Cole bill "must of a general program of reducing Mr. Hill told the sub¬ be considered as a part and submerging free initia¬ independent enterprise into a general system of government regulated and managed economy." In sup¬ porting this contention, Mr. Hill pointed out that the Colabill is not backed by either oil producing States or the oil industry, that the Federal Government is now exercising its constitutional powers to support the Interstate Oil Compact Commission, and that Federal legislation cannot be extended tive and further without supplanting powers now exercised by the States. Representative Wesley E. Disney, of Oklahoma, testified opposition to the Cole bill in final hearings at month-end. "If the proof shows that there is a clear, positive, unim¬ peachable, overwhelming, need for this legislation, based upon our actual, immediate, possibly national peril, it would still be unwise to consider this bill favorably except as a last possible necessity," he declared. "It plays right into the hands of those who believe that the States are and ought in to be obsolescent." Paul E, Hadlick, counsel for the National Oil Marketers Association, told the sub-committee that the opposition of this group was due to its belief that with the exception of State laws designed to prevent actual physical waste, there should be no regulation of production of crude oil by either "Our petition to this committee," he added, "is that you repeal the legislation that has already been proven to aid the oil monopoly. We ask you not to carry that control further as proposed in H. R. 7372." Frank Buttram, President of the Independent Petroleum Association, also spoke in opposition. The House Appropriations Committee issued a ruling early in the month that was generally construed as a defeat, for the government in its aim to take over submerged oil the States or the Federal government. lands. of to The Committee recommended that the Department Justice in any attempts to establish Federal claims to submerged oil lands within the boundaries of the States through litigation based upon "doubtful or at least theoretical construction of law." The action of the Appropriations Committee, thoroughly unexpected, was generally interpreted as a direct slap at the Administration. During the past several years, the Government has been seeking to establish a Federal claim to submerged oil lands, mainly on the California and Texas coasts, on the basis that the national defense value of these properties entitled it to spend 11 MONTHLY REVIEW March, 1940] no money control of them. bonds of 1940-43, outstanding in the amount of $352,993,450, would be called for redemption on June 15, 1940. He indi¬ cated at the same time that holders of the bonds might be offered, prior to the redemption date, an opportunity to exchange them for other Treasury securities. The assump¬ tion in the market was that the Secretary would make an exchange offer for called these bonds March on 15 and would, in addition, give holders of the $728,428,400 of 1%% maturing June, 15, 1940, the privilege of exchange notes for a must issue new take on care notes which not were March the 15 March on of The date. tax the Treasury $77,182,000 of 1%% exchanged in December for the 2*4% Illinois moved up to within striking distance of Oklahoma, bonds or the 1% notes then offered. The Treasury has no long-ranking third largest oil producer in the country, during bond or note maturity between June and December of February when production continued to reach record heights this year. each week. The American Petroleum Institute report for The Federal Intermediate Credit banks sold on Feb. 16 the week ended Feb. 24 [Latest available figures at month$23,450,000 of %% consolidated debentures, of which $21,end.—Ed. Note] showed Illinois production at 414,200 000,000 was offered publicly and $2,450,000 was sold within barrels. The obligations were dated March 1 and fall Daily average production over the Jan. 27-Feb. 24 the system. period showed a gain of 120,500 barrels to 3,732,100 barrels. due on Dec. 2, 1940. The Federal Intermediate Credit Stocks of domestic and foreign crude oils were up 1,589,000^ banks used $20,200,000 of the funds so raised to meet a barrels during the Jan. 29-Feb. 17 period, totaling 238,maturity on March 1, and used the remaining $3,250,000 as new capital. 928,000 barrels at the latter date. As of the close of business March 1, $189,The Mexican situation showed little change during the 975,000 of these debentures were outstanding. month although it was unofficially reported at month-end Secretary Morgenthau stated on Feb. 15 that market that Consolidated Oil had reached an agreement with the transactions in Government securities for Treasury invest¬ Cardenas Administration. Internally, the Mexican Govern¬ ment accounts in January resulted in net sales of $9,475,000 ment was not doing too well in the oil industry with President as against net sales of $3,157,000 in December. Cardenas asking workers in the petroleum industry to take The Treasury Department issued on Feb. 5 a memoran¬ "pay-cuts and "subordinate their own interests for the good dum saying that the face^ amount ol .Treasury obligations of their nation." There were Y—-—— — ■— • —r' price cuts posted during the month.. no In the refined petroleum products field, the record high gasoline held the spotlight, with inventories on Feb. 24 rising to 96,719,000 barrels, up nearly 9,000,000 barrels from the total reported for Jan. 27 by the American stocks of Petroleum Institute. Gasoline prices weakened in reflection of the weakened position, with the mid-continent bulk market sliding off until it was below the price structure maintained during the comparable 1939 period. Fuel oil prices were seasonally strong, with the West Coast^market regaining the 15-cent a barrel loss sustained in the first month of 1940. The strength in the California market brought some hope that the crude oil price cut, which had affected those grades rich in fuel oil, would be rescinded. statistical Domestic market demand for gasoline during March was estimated by the United States Bureau of Mines at 45,100,000 barrels, up 6% from the actual market demand during March last year of 42,520,000 barrels. Export demand was set at 3,400,000 barrels, nearly 1,000,000 barrels under the figure for the like 1939 month when foreign demand was heavy. Representative price changes showing the trend of the major markets for refined products during February follow: Feb. 3—Bulk gasoline prices sagged 34 cent a gallon in the mid-continent Feb. 10—The Shell Oil Co. advanced fuel oil prices 90 cents, Feb. 14—The Feb. on 15 cents barrel to a Co. met the advance in 15-cent distributors Ohio of cut gasoline prices in the Toledo 34 cent a gallon in gasoline prices in Louisiana posted by Standard of Louisiana. was FEBRUARY FINANCING THE OF Though still running UNITED STATES deficit, the Treasury a TREASURY through the collection, in the first 28 days of February, $172,024,427 of social security taxes and the sale of $137,122,732 of United States savings bonds, the so-called baby bonds. The Treasury's position was made somewhat more easy, too, by the decline in the excess of expenditures this period to $214,215,219 from a total of $245,114,188 in the like period of 1939. The weekly offerings of discount bills were eagerly taken, though the rate at which they bid were in was somewhat less favorable to the January. issue par in dated The rate on Treasury than was the the $100,000,000 discount case bill Feb. 7 was so slightly below par that it was by the Treasury in its announcement of sale, for the accepted bids ranged from slightly above down to 99.999. This issue, like those in January, was calculated the demand avoidance in Middle the For purposes. West for last the personal three property bill issues in^Fehruary the average rates were 0.005% to 0.006% against 0.004% om the last issue of January. of Government' securities moved in a narrow Prices range in February closed With only the slightest of In fact, the Federal Reserve Bank of New York's changes. index and of average yield on Treasury bonds not within 12 years was unchanged in the month The average yield on Treasury notes of three to maturity, though, 0.50% on Jan. 31. With the was market Henry Morgenthau Jr. $45,000,000,000." corresponding period 28 sales of 1939. 0.44% at the month-end, steady, Secretary announced on of the callable at the fiscal year savings bonds totaled $801,964,573 as against $456,257,771 in the corresponding period of the previous year. Redemptions of savings bonds also increased slightly, the total for the first 28 days of February being $7,251,127, compared with $5,856,465 in the previous year, the total for the fiscal year to that date being $67,066,577 as against $50,968,230. The Treasury's daily statement reported that receipts for February to the 28th totaled $430,061,871 as against $417,349,324 in the like period of 1939. The excess of and expenditures for $2,635,897,691 fiscal the year Feb. to against $2,232,267,597 The details of Treasury bills sold on given in the following tables: as Bills Bills Offered Dated Feb. 2 1940 Feb. 2S a amounted discount basis Amount 71940 Feb. 14 1940 Feb. 16 1940 Feb. 21 Feb. 22 1940 Feb. 28 1940 May are Subscrip¬ tions 91 days 91 days May 15 1940 May 22 1940 May 29 1940 1940 o Offering 8 1940 to 1939. in Mature 7 1940 91 91 $100,000,000 $270,753,000 100.000,000 223,822,000 days 100,000,000 200,702,000 days 106,000,000 215,771,000 To Redeem Bills Subscrip¬ Amount Average Offered tions Accepted Price $270,753,000 223,822,000 200,702,000 215,771,000 $100,420,000 100,444,000 99.999a 0.001 %a 99.999 0.005% 0.006% 0.005% 2 1940 Feb. 7 1940 Feb. 16 1940 Feb. 22 1940 The accepted bids 100,836,000 100,454,000 tendered were Maturing Yield 99.998 99.999 Issue of— $100,320,000 100,196,000 100,161,000 100,114,000 at prices ranging from slightly above par down to 99.999, the average price being slightly under par. Of the amount ten¬ dered at 99.999, 33% was accepted. NEW SECURITY ISSUES New financing February since undertaken reached June of the in greatest IN FEBRUARY the peak domestic for any market one in month last year. The very substantial offering of Bethlehem. Steel Corp., in the amount of $105,000,000, and placed on the closing day of the month, largely ac¬ counted for the good showing in total dollar volume for the period. The offering comprised three separate issues the and was wide represented by underwriters taken from list of investment oversubscribed the Emissions new continued for day to reflect of any the totals We enumerate appearance banking firms. of offering capital and purposes improvement The the placed and, a nation¬ issues books in likewise, were closed. February exceeded previous month since mid-year of 1939 the larger offerings to make their in February's market: below RAILROAD FINANCING $960,000 New York New Haven & Hartford RR. McMnste Hutchinson & Co., W. H. Newbold's Son & Co and Putnam & Co. on Feb. 28 offered $960,000 trustees' 234% equipment trust certificates at prices to yield from 0.35% to 2 15% according to maturity The bankers were awarded the issue Feb. 21 on a bid of 103.51. PUBLIC UTILITY FINANCING $26,000,000 Kentucky Utilities Co.—An underwriting group headed by the First Boston Corp. offered Feb. 29, $20,000,000 first mortgage bonds 4% series of 1970, due Jan. 1, 1970 at 102 and int ; and $6,000,000 434 % sinking fund mortgage bonds, due Feb. 1, 1955 at 10134 and int. It was announced that the issues were 2.33%. five years' as For of , tax mar¬ keted as Feb. was of not the to a in the relatively comfortable position in February or not having to approach the market with a new money offering. Its balance, indeed, w?as well maintained throughout the month in in cut gasoline prices 1 cent a gallon in gallon. 23—A reduction of Arkansas of of savings bonds fell substantially below the record-breaking pace of January, the $137,122,732 of these obligations which the Treasury sold in the first 28 days of the month were almost double the $68,340,413 sold Feb. Oil Co. limit debt sale fuel area. cent a the the West Coast. Petroelum General 20—Standard y2 Feb. in statutory While the West Coast initiated by Shell Petroleum. on 19—Independent Toledo, O., and Diego base, San prices Feb. area ent Feb. aroa. oil outstanding on JanT3l was $42,230,176,025, leaving $2,769,S23,975 of securities which could be issued under the pres¬ against Treasury Feb. 13 that the 3%% oversubscribed the day of offering. group included, in addition to The First G. Becker & Co., Inc.; Halsey, Stuart & Co., Inc.; Harris, Hall & Co. (Inc.); Glore, Forgan & Co • Bonbright & Co., Inc.; Harriman Ripley & Co., Inc.; Blyth & Co., Inc.; Central Republic Co.; Kidder, Peabody & Co • W. C. Langley & Co.; Lazard Freres & Co.; Lee Higginson Corp.; F. S. Moseley & Cel.; E. H. Rollins & Sons, Inc., and Stone & Webster and Blodget, Inc. The underwriting Boston Corp.; A. MONTHLY REVIEW 13 25,000,000 Dayton Power & Light Co.—A banking group headed by Morgan Stanley & Co., Inc., offered Feb. 8, $25,000,000 of first mortgage bonds, 3% series due 1970. The bonds are priced at 104, to yield 2.801% to maturity and 2.782% to Jan. 2, 1966, the earliest date at which they are redeemable at par. Other principal underwriters of the issue were: W.E. Hutton & Co.; Smith, Barney & Co.; Harriman Ripley & Co., Inc.; Bonbright & Co., Inc.; White, Weld & Co.; Mellon Securities Corp.; Union Securities Corp. and Kidder, Peabody & Co. 24,800,000 Southwestern Feb. made Gas & Electric Co.—Public offering was through 14 an underwriting group headed by Bonbright & Co., Inc., and Harriman Ripley & Co., Inc., of an issue of $16,000,000 1st mtge. bonds, series A, 3%%, due Feb. 1, 1970. The company concurrently offered an issue of 75,000 shares of 5% preferred stock to the holders outstanding 7% preferred stock under an exchange offer which was also underwritten. The 1st mtge. bonds were priced at 103 and accrued int. from subscribed the day of offering. Feb. 1 and were 585,000 Rustless Iron & Steel Corp.—Further public financing of the corporation through the sale of common stock to obtain new money for a proposed construction program was an¬ nounced Feb. 20 with the offering by W. E. Hutton & Co., New York, of 40,000 shares of common stock (par $1). The shares were offered by means of a prospectus 7,222,500 General Telephone Corp.—Public offering of 135,000 shares (par $50) of $2.50 preferred stock was made Feb. 15 through an underwriting group comprising Bonbright & Co., Inc.; Paine, Webber & Co., and Mitchum, Tully & Co. The price to the public, exclusive of accrued dividends from Jan. 1, 1940, was $53.50 per share. 3,400,000 Indiana rectors through the same bankers, 2,660 shares of $5 cumulative preferred stock at a price of $104 per share, or a total of $276,640. The bond issue was oversubscribed. 2,000,000 Interstate Telephone Co.—The company on Feb. 1 sold privately to two insurance companies through Paine, Webber & Co.; Mitchum, Tully & Co., and Bonbright & Co., Inc., an issue of $2,000,000 1st mtge. series A 3 % % bonds, dated Jan. 1. 1940; due Jan. 1, 1970. Bonds were sold at 102% and int. (from Jan. 1, 1940). Proceeds will be used to retire on March 4 all the outstanding 1st mtge. 5s due 1961 at 104. 1,000,000 San Diego County Water Co.—Company has placed privately with the Northwestern Mutual Life Insurance Co., Milwaukee, an issue of $1,000,000 1st mtge. 3 % % bonds due March 1, 1960. The transaction was arranged through Blyth & Co. Proceeds were used to retire on March 1 at 105 the $804,500 1st mtge. 6s of 1962 and the balance will be used to repay the company's treasury for funds advanced for construction of properties. New York, . 1940, the di¬ 16,000 shares of no-par common stock share at private sale. This sale has been com¬ $26.50 a pleted, and the proceeds will be used to provide additional working capital and plant expansion. [Of this block it is understood that 4,000 shares were sold to Jackson & Curtis. 9,000 to Consolidated Investment Trust, and 3,000 to Supervised Shares, Inc.l 400,000 Solar Aircraft Co.—Eldred, Potter & Co., Los Angeles, and Heinzelmann, Ripley & Co., Inc., New York, offered on Feb. 7 50,000 shares (no par) pref. stock, series A ($0.50 dividend, cumulative, convertible) at $8 a share. 400,000 (J.) Weingarten, Inc. (Texas)—A syndicate headed by Moroney & Co. and including Milton R. Underwood & Co., Neuhaus & Co., Chas. B. White & Co., and A. W. Snyder & Co., all of Houston, Texas, offered at par ($50 per share plus accrued dividend from Feb. 15, 1940, to date of de¬ livery) $400,000 5%% cum. pref. stock, series of 1940. Stock was offered to residents of Texas only. 375,000 Brainard Steel Corp., Warren, Ohio—P. W. Brooks & Co., Inc., New York, offered on Feb. 8, by means of a pros¬ pectus, $375,000 1st mtge. conv. 5%% bonds, series A, due serially Jan. 1, 1941 to 1955, at prices ranging from 99% to 21 of $3,400,000 first mortgage bonds, series A, due Feb. 1, 1970, through.an underwriting group headed by Bonbright & Co.. Inc.. and including Paijne.YVebber Co. and MftcEum, Tully &*co. Ihe bonds were priced at 105 and accrued int. At the same time the company an¬ nounced that it had made arrangements to sell privately, Galligan, voted to sell at Associated Telephone Corp.—Public offering was made Feb. 3%%, & 424,000 Dewey & Almy Chemical Co.—On Feb. 9, an. Power Co.—On Feb. 15 the company banking syndicate headed by White, Weld 1st mtge. 3%% bonds dated Feb. 1, 1940, and due Feb. 1, 1960, and 7,500 shares of $5 cum. pref. stock. The bonds were offered at 103% and accrued interest and the preferred shares at $98 each. Associated with White, Weld & Co. were: A. C. Allyn & Co., Inc.; Kidder, Peabody & Co.; Coffin & Burr, Inc.; Halsey, Stuart & Co., Inc., and W. E. Hutton & Co. The bond issue was oversubscribed. Corp.—Stolz offered at $3 a share 185,000 shares of common stock ($1 par) over¬ Reserve Gravure 555,000 Morart The public offering price of the offered through a & Co., $7,750,000 were 575,000 John Carroll University, Cleveland, Ohio—DempseyTegeler&Co., St.Louis, offered $575,000 lst& ref.mtge.bonds (price on application). The bonds bear 3%, 3%%, and 4% coupons and become due semiannually Nov. 1, 1941 to May 1, 1955. Sreferred 1. stock was $103 per share, plus accrued divs. from 8,485,000 Marion and priced at the market (approximately $14%). 102%, according to maturity. 300,000 Menasco Mfg. Co.—A total of 300,000 shares of common -'stock' (par "$T) was offered to sto(:kholdets fdf" sOTjscffption pro rata in the ratio of one new share for each two shares held of record affile close of business on Feb. 10, 1940. Transferable subscription warrants evidencing such sub¬ scription rights, exercisable only in amounts calling for full shares, and expiring 3 p. m. (PST) on March 6, 1940, or at such later date as shall be decided by the company, but not later than March 27, 1940, were issued to such stockholders of record. The issue was underwritten by Sutro & Co. (without firm commitment). 250,000 Cola Self Service Co., Inc. (N. Y.)—S. G. Lyon & Co., Inc., New York, offered 50,000 shares of partic. pref. stock (par $1) at $5 a share. The offer was limited solely to resi¬ dents of New York State. 200,000 Mid-Continent Airlines, Inc.—Murdoch, Dearth & White, Inc., Des Moines, Iowa: George F. Ryan & Co., St. Louis, Mo., and Kalman & Co., St. Paul, Minn., offered at $4 a share 50,000 shares of common stock (par $1). 180,000 McLouth Steel Corp., Detroit, Mich.—Campbell, McCarty & Co., inc., Detroit, recently offered at 102 and int., to yield 5.15% to maturity, an issue of $180,000 1st mtge. sinking fund 5%% bonds, series B (with stock purchase warrants attached). Bonds were sold to residents of Michigan only. INDUSTRIAL AND MISCELLANEOUS FINANCING MUNICIPAL FINANCING S105»OOO.OOOlBethIehem Steel Corp.—Public offering of $105,000,000 of securities of the nation's second largest steel producer new was made Feb. Of the total, $30,000,000 were consol. 29. mtge. 20-year sinking fund 3% bonds, series G, due Feb. 1, 1960, priced at 98% and accrued interest; $40,000,000 were mtge. 25-year sinking fund 3%% bonds, series H, due Feb. 1, 1965, priced at 100% and accrued int., and $35,000,000 10-year serial debentures maturing March 1, 1941 to 1950, incl., priced at 100% and accrued int. for all maturities. Interest rates on the serial debentures range from consol. H of 1% for the 1941 maturity up to 2.60% for the 1950 maturity. The underwriters of the three issues included a list of investment banking firms headed by Kuhn, Loeb & Co.; Smith, Barney & Co. and Mellon Securi¬ ties Corp. managing the offering. Other principal under¬ writers were Morgan Stanley & Co., Inc.; Harriman Ripley & Co., Inc.; Dillon, Read & Co.; The First Boston Corp.; Union Securities Corp.; Blyth & Co., Inc.; Bonbright & Co., Inc.; Goldman, Sachs & Co.; Hemphill, Noyes & Co.; Lazard Freres & Co.; Lehman Brothers; Kidder, Peabody & Co.; Lee Higginson Corp.; Glore, Forgan & Co.; Hallgarten & Co.; G. M.-P. Murphy & Co.; Dean Witter & Co.; Clark, Dodge & Co.; Hayden, Stone & Co.; W. E. Hutton & Co., and White, Weld & Co. The issues were oversubscribed the day of offering and the books closed. In addition to those underwriting firms who maintain retail organizations, more than 500 dealers across the country par¬ ticipated in the distribution of the $70,000,000 consol. witge. bonds. The serial debentures were sold for the account of the underwriters thereof by the managers of the public nation-wide offering. 30,000,000 Commercial Investment Trust Corp.—The company placed privately with the Metropolitan Life Insurance Co. and the Prudential Life Insurance Co. a total of $30,000,000 of notes consisting of $20,000,000 seven-year 2% notes dated Feb. 1, 1940, and due May 1, 1947, and $10,000,000 threeyear 1% notes dated Feb. 1, 1940 and due May 1, 1943. Proceeds will be used to finance expansion of company's operations. 16,000,000lSkelIy Oil Co.—A $16,000,000 financing program for the company got under way Feb. 20 with the public offering of $10,0()0,000 3% r debentures through an underwriting group headed by Eastman, Dillon & Co. The announcement April Eastman, Dillon & Co. also placed privately serial aggregating $6,000,000, maturing annually from 1, stated that notes 1942 to 1946, and bearing interest rates ranging from 1%% priced at 100 and accrued interest. Associated with Eastman, Dillon & Co. in the offering of the debentures were The First Boston Corp.. Halsey, Stuart & Co., Inc., Kidder, Peabody & Co., Union Securities Corp., Hemphill, Noyes & Co. and Riter & Co. to r * 2%%. The debentures were The issue was oversubscribed. 3,000,0003Blaw-Knox Co.—Mellon Securities and associated Corp. offered Feb. 16 $3,000,000 1st mtge. 3%% bonds at 100 and accrued interest. Moore, Leonard & Lynch, underwriters Pittsburgh, and Dillon, Read & Co. were associated in the offering of the issue. 1,000,000 Affiliated Fund, Inc.—Lord, Abbett & Co., Inc., New York, offered $1,000,000 additional 4% 10-year secured con¬ debentures at par and interest, thus bringing the total amount of 4% debentures outstanding up to $8,000,000. vertible $98,500,000 Triborough Bridge Authority, N. Y., callable revenue bonds, including $50,000,000 sinking fund 3%s due Feb. 1, 1980, $40,000,000 serial 3s due from 1953 to 1975, incl., and $8,500,000 serial 2%s due 1945 to 1952, incl., were purchased by a large banking group headed by Dillon, Read & Co. of New York. In the reoffering, the 3%s were priced at 102.25 and accrued interest and the serial 2%s and 3s were offered from a yield basis of 1.50% to a price of 99.50. The Authority received a price of par plus a premium of $86,000 for the issue. The financing resulted from a consolidation of the original Triborough Bridge Authority and the New York City Parkway Authority, and $71,000,000 of the proceeds were set aside for redemption of the outstanding debt of the previously autonomous units. Call for retirement of such indebtedness Corp., Dallas, Texas—Dallas Rupe & Dallas, Texas, offered stock at $10 a share. Y., 3% fourth series 3,100,000INewport, R. I., waterworks system purchase bonds purchased by an account headed by Phelps, Fenn & Co., Inc., New York, as 2%s, at 100.36, a basis of about 2.22%. Due annually from 1941 to 1971, incl., and reoffered on a yield basis of from 0.15% to 2.40%, depending on date or the maturity. 2,775,000JHartford, Conn., public works bonds, due serially from 1940 to 1959, incl., sold to a group headed by the First Na¬ tional Bank of New York as 1 %s at 100.189, a basis of about 1.48%. Reoffered from a yield of 0.15% to a price of 98, depending on maturity. 2.398,000 Pittsburgh, Pa., 1.90% refunding bonds purchased by Singer, Deane & Scribner of Pittsburgh and associates, at a price of 100.08, a baste of about 1.89%. Due from 1941 to 1960, incl., and reoffered to yieldfrom 0.20% to 2.13%. 1,500,000 Mississippi (State of) highway bonds bearing interest rates of 2% and 3%% and due semi-annually from 1941 to 1952, incl., sold to a group headed by John Nuveen & Co. of Chicago at a price of par plus $11.11 premium, or a net interest cost /of about 2.14%. Reoffered to yield from 0.40% to 2%, according to interest rate and date of maturity .|fi 1,300,000 Ohio Bridge Commission, Ohio, 2% Sandusky Bay Bridge revenue refunding bonds awarded to a group headed by A. C. Allyn & Co., Inc., of Chicago, at a price of 102.11, a basis of about 1.59%. Due from|1940 to 1948, incl., and callable under various conditions.!! 1,100,000 Cincinnati, Ohio, Southern Ry. refunding bonds were purchased by the National City Bank of New York and asso¬ ciates as 2s, at a price of 101, a basis of about 1.94 %. Dated April 1, 1940, and due April 1, 1960. 1,000,000 revenue bonds sold to an account Securities Corp. of Nashville. Due Gadsden, Ala., 4% water headed by the Equitable from 1941 to 1978, inclusive. 100,000 shares of class A preference 5% convertible debentures, due June 1, 1946, at 103 % % before March 1, 1940; and for general working capital. on or N. 6,300,000 Erie County, N. Y., home relief bonds, awarded to Halsey, Stuart & Co., Inc., New York, and associates, as 1.90s, at 100.039, a basis of about 1.89%. Due $630,000 annually from 1941 to 1950, incl., and reoffered to yield from 0.35% to 2.10%, according to maturity.l Son, 750,000 Securities Acceptance Corp.—Barney Johnson & Co., Chicago, on Feb.8offered $700,000 10-year 4>3% conv. debs, at 100 and int. Debentures are dated Jan. 1, 1940, due Jan. 1, 1950. Company is to apply net proceeds (estimated at a total of $654,730 after deducting expenses but excluding accrued interest) to retirement of $370,000 outstanding 10year York Authority, general and refunding callable bonds, dated Dec. 15, 1936 and due Dec. 15, 1976, awarded to a syndicate headed by Halsey, Stuart & Co., Inc., New York, at a price of 99.188, a basis of about .3.02%. Reoffered at a price of 100.25, to yield about 2.989% to maturity. - Proceeds to be used for investment purposes. 1,000,000 Prudential has been issued. 33,000,000lPort of New DIVIDEND Dividend favorable nature. tions, CHANGES declarations namely, in IN FEBRUARY February The following list, "Favorable Changes," gives the more were largely of divided into two Changes" and a sec¬ "Unfavorable important of the changes: March, 1940] MONTHLY REVIEW FAVORABLE CHANGES Aluminium Ltd.—Dividend of SI.50 March 27 American share payable in Canadian funds. a the common stock. on Colortype of 25c. share a the on Co.—Initial quarterly dividend of $1.18% a the 4% % preferred stock, payable April 1. on American Ice Co.—Dividend of 50c. a share on the 6% non-cumulative preferred stock, payable March 15. Last previous payment amounted to 25c. a share and was made on Sept. 24, 1938. Arizona Power Corp.—Initial dividend of $3.66 cumulative preferred stock, payable March 1. Arkansas Feb. 15 Western Gas Co.—Initial dividend share a of $1 the common stock. on the $6 non- on share a paid was Atlas Powder Co.—Dividend of 75c. a share on the no par common stock, payable March 11. A distribution of $1.50 was made on Dec. 11, last and dividends of 50c. a share were paid in each of the three preceding quarters. Basic Dolomite, Inc.—Dividend of 12%c. a share on the common stockpayable March 15. On Dec. 15, last a distribution of 25c. a share was made and 6%c. a share on Sept. 15 and June 15, 1939. Bayuk Cigars, Inc.—Dividend of 25c. payable March 15. Previously regular share were share a a Boston Woven Hose & Rubber Co.—Dividend increased from 25c. a share to 50c. a share, on the stock common payable March 15, Co.—Regular quarterly dividend participating dividend of 25c. pany, payable March 30. Bunte Brothers—Dividend share to $2 share a of $1.75 the on a stock increased from share payable March 1. a $1 a California Ink Co.—Dividend of 62 %c. a share on the no par common stock, payable March 20. Previously regular quarterly dividends of 50c. a share were distributed. On Dec. 20, last, an extra of 12%c. a share was paid along with the regular quarterly dividend. Canada Iron Foundries, Ltd.—Dividend of $3 a share on the 6% noncumulative preferred stock, payable April 30. A distribution of $2 a share was made Canada Canada 37%c. Steamship Lines—Dividend a on the no par capital stock in~ share, payable March 15. of 62%c. a share on the 5% preferred A payment of 50c. Canners, Ltd.—Participating addition to stock and a a a share was made on dividend of five regular quarterly dividend of 25 cents participating dividend of five quarterly dividend of 15c. payable April 1. share per cents per on share the first pref cents in addition to a regular the second preferred stock, all on Directors also declared a dividend of 12 % cents per share stock, payable April 1. This will be the first dividend paid shares since April 1, 1932 when five cents per share was on the common on the common distributed. Canadian Celanese, Ltd.—Participating dividend of $1.16 regular quarterly dividend of $1.75 a share on preferred stock, par $100, both payable April 1. Canadian Cottons, Ltd.—Extra dividend ^arterly dividend of $1 Canadian on Foundries of $2 the a 7% share and a cum. partic. share a and a regular a share on the common stock, both payable & Forgings, Ltd.—Dividend of 37%C. a share the class A stock, payable April 2. Last previous distribution amounted a share and was made on Dec. 1, 1938. Canadian General Electric Co., Ltd.—Dividend on the common stock increased from $1.50 a share to $2 a share, payable April 1. Canadian Marconi Co.—Initial dividend of 4c. a share on the common stock, payable June 1, next. Carpenter Steel Co.—Dividend of 50c. Is payable March 20, next. Champion Paper & Fibre Co.—Dividend a share to 15c. a the common on stock- the common stock increased share, payable March 15. Canal Co.—Extra dividend of $4 a share and a regular quarterly of $1 a share, both payable March 30, on the common stock. Chicago Mill & Lumber Co.—Dividend of 50c. a share on the class A and class C stocks, payable April 15. The last previous pavments on the above issues amounted to $1.50 1937. Clark share each and a March amount were a stock, 15. March 13. of $1.25 on Oct. 1, share a on distribution of both payable the common stock, payable This compares with $1 a share paid on Dec. 23, last. Cluett, Peabody & Co., Inc.—Interim dividend par common of 50c. a share stock, payable March 25. on the on the stock increased common from 25c, a share and a share, payable March 15. Telephone Co.—Regular quarterly dividend stock incrased from 25c. share to 30c. a share and a a participating the on common initial quarterly an dividend of 62%c. a share on the new $2.60 preferred stock. The com¬ dividend is payable March 15 and the preferred on April 1, next. mon General Telephone Tri Corp.—Dividend of 50c. a share on the common stock, payable March 22, next. This/compares with a dividend of 25c. a share paid on Dec. 22, last, and an extra of 75c. a share also on the date. Goodall Securities par common Corp.—Dividend of $1 share a common paid Feb. 1 on the was stock. Goodyear Tire & Rubber Co.—Extra dividend of 25c. share a on the stock, payable March 15. (W. F.) Hall Printing Co.—Dividend of 25c. a share on the common stock, payable March 20. This will be the first common dividend pay¬ ment made since Feb. Harbison-Walker stock, common 2, 1932, when 30c. Revractories payable share a distributed. was Co.—Dividend of 25c. March 1. share a on the This compares with 55c. paid the three preceding quarters. on Hathaway Manufacturing Co.—Dividend of $1.50 a share on the com mon stock, payablelMarcn 1. This compares with $1 paid in each of the preceding quarters. Haverty Furniture Companies—Dividend of 25c. a share on the common stock, payable Feb. 24. A distribution of five cents a share was paid on Nov. 25 and on Oct. 25, last. Hercules Powder Co., Inc.—Dividend of 60c. share a the on stock, payable March 25. This compares with $1.65 paid last, and 40c. paid in each of the three preceding quarters. common Dec. 22, on (Charles E.) Hires Co.—Stockholders on Feb. 13 took action to amend the certificate of incorporation to eliminate the class B stock and sub¬ a new class of stock to be known as capital stock, value $1. par The directors declared an initial dividend of 30c. on the new stock, payable March 1 to stock of record Feb. 23. When the amendment takes effect each share of class B stock will be converted into three shares of the new capital stock, so that the initial dividend of 30c. 90c. upon the old class B stock. becomes equivalent to Hooker Electrochemical Co.—Dividend on the common stock increased from $1 a share to $1.25 a share and was paid on Feb. 29, last. Hoskins Mfg. Co.—Dividend of 25c. a share on the $2% par, common stock, payable March 26. This compares with 40c. a share paid on Dec. 22, last, and 20c. a share paid in each of the three preceding quarters, (Harvey) Hubbell, Inc.—Dividend of 40c. share a on the common payable March 20. This compares with an extra dividend of 20c. together with a dividend of 30c. a share paid on Dec. 20, last. Independent Pneumatic Tool Co.—Dividend 40c. of stock payable March 29. A dividend of $1 a share in previous quarters. common a share a share was stock, a share the on paid on Interstate Hosiery Mills, Inc.—Dividend of 25c. a share on the common stock, payable March 15. This will be the first dividend paid on this1937, when 75c. a share was distributed. issue since December, Jamaica Public Service Co., Ltd.—Initial quarterly dividend o share on the common stock, payable April 1. Keystone Steel & Wire Co.—Dividend increased from 20c. a share to 25c. a 17c. a on the no par value common stock share, payable March 15. (J. A.) Lang & Sons—Special dividend of 30c. a share and a regula* quarterly of 17 %c. a share on the common stock, both payable Aprill. Land & Exploration Co.—Dividend of 10c. a share on the stock, payable March 15. A distribution of 5c. was made on common 15, last. Ludlow Mfg. Associates—Dividend of $2 dividends of $1.25 This a compares with a share on $1.50 paid the stock, 1, last and common Dec. on share in the three preceding quarters. Magma Copper Co.—Dividend of 50c. a share on the common stock of $10 par, payable March 15. This compares with $2 paid on Dec. 15, last, and 25c. paid in each of the three preceding quarters. Monsonite Corp.—Extra dividend of 25c. on a share and a regular quart3rly~ the common stock, both payable March 10. Master Electric Co.—Dividend on the common stock increased from 40c. a share to 60c. a share, payable March 20. Matson Navigation Co.—Dividend en the common tsock increased from 25c. a share to 30c. a share and was paid on Feb. 15. McLouth Steel Co.—Initial dividend of 25c. the common stock. a share was paid Feb. 15 on Consolidated Investment Trust—Special dividend of 10c. and a regular quarterly dividend of 30c. a share on the capital stock, both payable Miami Copper Co.—Dividend of 20c. a share on the common stock, payable March 1. The last previous distribution was made on Dec. 1937, and amounted to 15c. a share. David Modine Mfg. Co.—Dividend of 50c. a share on the March 15. & Frere. Ltd.—Extra dividend of 10c. a share and a quarterly dividend of 25c. a share on the class A stock, both payable March 30 Previously regular quarterly dividends of 15c. a share were distributed. Deisel-Wemmer Gilbert Corn.—Dividend increased from 25c. Duncan Electric from 25c. a a on the $10 par common stock share to 37%c. a share, payable March 25. Mfg. Co.—Dividend share to 35c. a the on common stock increased share, payable Feb. 24. 14, June 14, and March 14, 1939. Eagle Fire Insurance Co.—Dividend a share The last previous distribution to 15c. was share and paid on payable March 20. Dividend of 75c. the common stock' this issue amounted Monarch Machine Tool Co.—Dividend of 50c. stock, payable March 1. This compares with on Sept. 30, 1937. Ward a & Co.—Dividend share to 50c. a National Bond Feb. 23. This compares with 10c. a dividend of 50c. last. a share on the par common share distributed Faber, Coe & Gregg, Inc.—Special dividend common an extra common .a increased stoc on the common stock in¬ share, payable March 21. on Nov. 15. were paid a National Life share on the common stock a share paid Dec. 15, o & Accident Insurance Co.—Stock dividend of 40% on the common shares payable a March 1, next. on the common stock increased from 50c. share to 60c. a share, payable April 1. on England Telephone & Telegraph Co.—Dividend of $1.75 the common stock payable March 30. 23 last, and regular quarterly Dividend of $2 dividends of $1.50 a wras a share paid share on were previously distributed. Newmarket Mfg. quarterly no Feb. 26, on on a pavable March 15. This compares with 17%c. last, and 7 He. in preceding quarters. a stock, payable of $2 a share and stock, both the National Container Corp.—Dividend of 20c. Dec. no on & Investment Co.—Dividend New the pre¬ the common of 25c. and a on Montreal Cottons, Ltd.—Dividend on the common stock increased from 50c. a share to $1 a share, payable March 15. Ex-Cell-O Corp.—Dividend on the common stock increased from 30c. share to 40c. a share, payable April 1. on share share, payable April 15. (j. J.) Newberry Co.—Dividend share a regular dividend of 30c. paid on Dec. 1 last. Montgomery Electrolux Corp.—Final dividend of 30c. a share on the $1 capital shares payable March 15, 1940. A distribution of 20c. was paid on Dec. 15, last a stock! paid Dec. 20, last, and on Electric Controller & Mfg. Co.—Dividend of 75c. a share on the no par value common stock, payable April 1. This compares with 50c. paid in each of the four preceding quarters. Exolon Co.—Dividend of 15c. was no par-common viously a regular quarterly of 25c. a share. creased from 20c. a share to 25 of 5c. payable March 1. a , from 25c. (E. I.) du Pont de Nemours & Co.—Interim dividend of $1.75 a share on the common stock, payable March 14. This compares with a year-end dividend of $3.25 paid on Dec. 14, last, and a dividend of $1.25 on Sept. • General of like amount dividend of 25c. a share and declared on the common Chrysler Corp.—Dividend no made were Equipment Co.—Extra similar a payable March 1. Chicago Dock & I Co.—Dividend share to 60c. this issue on Dec. on increased value increased General Steel Wares, Ltd.—Participating dividend of 7c. regular quarterly dividend of $1.75 a share on the 7% preferred stock, both payable Feb. 20. Louisiana share a stock par Dec. 28, last, and 25c. to 25c. from 10c. Gamewell stitute share to 50c. a 1^ ^939 Er' payable April Canadian in Nov. 5, last. Malting Co., Ltd.—Dividend creased from P April on no share, payable March 15. .«_Dec-4-rJastr.a-nd-15o:^-paid-in-each of share plus a the preferred stock of the com¬ common a stock of common Fruit of the Loom Co.—Dividend of 2,5c. a share on the preferred stock, payable March 15. A distribution of $1 was made on Dec. 20, last, and an initial dividend of 10c. on April 1, last. three on share to 25c. a the dividend of 50c. a share and a regular quarterly dividend of 25c. a share on the common stock, both payable April 1. An extra of 25c. was paid on June 30 and one onfApril 1,19o9. no Bobbs-Merrill Co.—Dividend of 50c. a share on the common stock, payable Feb. 19, marking the resumption of dividends on this issue. A distribution of 60c. a share was previously made on June 20, 1938. Wheel from 20c. on (Peter) Fox Brewing Co.—Extra stock, common Belden Mfg. Co.—Dividend of 20c. a share on the $10 par common stock, payable March 1. This compares with 30c. paid on Dec. 1, last, and 15c. on Aug. 15, last. Budd Foote-Burt Co.—Dividend same the on quarterly dividends of 18%c. distributed. Bank Stock Corp.—Dividend on the common from 25c. a share to 30c. a share, payable April 1. common American Export Lines, Inc.—Dividend of 25c. a share on the common stock, payable March 15. This compares with 50c. paid on Dec. 21, last and 15c. on March 21, 1939. share Fafnir Bearing Co.—Extra dividend of 50c. a share and a regular quarterly dividend of $1 a share on the common stock, par $25, both payable March 30. first Co.—Dividend stock, payable March 25, the first payment to be|made on these shares since June 30, 1931, when 20c. a share was distributed. American Gas & Electric 13 par Co.—Dividend of $1 a share on the common stock of value, payable Feb. 15. A distribution of $1.50 a shar was made 15, last, and previously regular quarterly dividends of 75c. a Nov. share were distributed. . MONTHLY REVIEW 14 Shipbuilding Corp.—Dividend of SI.75 a share on account 7% preferred stock, payable April 1, and marking the York New of accruals on the resumption of payments on this Ohio class A and class B Co.—Dividend of 50c. a share on the Brass stocks, payable March common issue. Johns-Manville Corp.—No action on the payment of a common at this time. A distribution of $2 a share was made on Dec. and 75c. a share on Sept. 25, last. Lake of 25c. a share and a regular Indemnity Co.—Extra dividend quarterly of 40c. a share on the common April 1. stock of $10 par, both payable Managed Estates, Inc.—Dividend on the common 8c. a share to 4c. a share, payable March 15. from 20c. a share to Petroleum Exploration, Inc.—Extra dividend of 10c. a share and a regular the common stock, both payable quarterly dividend of 25c. a share on mon & Electrotypers, Ltd.—Extra dividend of 50c. a share like amount on the common stock, both payable March 1. STOCK MARKET DURING COURSE OF THE stock increased from Progress Laundry Co.—Dividend on the common 10c. a share to 20c. a share, payable March 1. 20c. was paid on this issue Dec. 1, 1939. An extra dividend of stock The acted in. the first market as Quaker State Oil Refining Co.—Dividend of 25c. a share on the $10 par, common stock, payable March 15. This compares with 50c. paid on Dec. 15 last, and 20c. in each of the three preceding quarters. though it might break out it had Real Silk Hosiery Mills, Inc.—Dividend of $2 a share on account of ac¬ cruals on the 7% preferred stock, payable March 25, the first paid since Dec. 22, 1936, when $10.50 a share was distributed. settled Co.—Dividend of 25c. a share on the common March 15. An extra dividend of 15c. and a quarterly of paid on Dec. 15 last, and a regular quarterly of 20c. a share Rheem Manufacturing stock, payable 25c. were previously. Scoville Mfg. Co.—Dividend of April 1. This compares with Oct. 2 last. 25c. a share on the common stock, oayable 75c. cn Dec. 22 last, and 20c. a share on Seiberling Rubber Co.—Dividends totaling $138,929 on all classes of preferred stock, including payment of arrears on the old qlass B preferred, were declared on Feb. 20. All dividends are payable April 1 to holders of record March 15. declarations were: A dividend of 45c. on the stock covering the period from Jan. 26 (the-date-ofjthe issue) to April 1, 1940; a dividend of $1.25 on class A pref. for the period from Jan". Ttb April 1, 1940': and a dividend of $75?38 on class B preferred for the period from Jan. 1, 1930, to June 1, 1939. This action eliminates arrearages on class B preferred and clears the way for resumption of dividends on common stock. Included in the dividend $2.50 convertible prior preference ■■■>• Corp.—Dividend on the $1 par common stock increased from share to 10c. a share, payable April 1. Shelter Mfg. 7 Ac. a Shepard-Niles Crane & Hoist Co.—Dividend of 50c. a share on common, payable March 1. This compares with $1.50 paid on Dec. 1 last, and 25c. share in each of the five a preceding quarters. Sloss-Sheffield Steel & Iron Co.—Dividend of 75c. a share on the common stock, payable March 21. This compares with $2 a share on and 50c. a share on Sept. 21, and on March 21, 1939. Dec. 21, last, Soule Mill—Company paid an initial dividend of $1 a share on its common stock on Feb. 15, last. • South Pennsylvania Pipe Lines—Dividend of $5 a share on the 1939 four quarterly West stock, payable April 1. During the year a share were distributed. common dividends of 50c. Bros., Ltd.—Extra dividend of 60c. a share and a regular quarterly dividend of 15c. a share on the common stock, both payable April 00. An extra of 40c. was distributed on April 1, 1939. Stedman Steel Products Engineering Co.—Dividend of 20c. a share on the $1 Dividend of 30c. was paid on July 1, last. capital stock, payable March 30. par, Dec. 26, last and 15c. on Sept. 30 and Sundstrand Machine Tool Co.—Dividend of 50c. a share on the common stock, pavable March 30, the first since Dec. 28, 1937, when 25c. a share J distributed. was Tappan Stove Co.—Dividend payable March 15. . of 25c. share on the common stock, a Tecumseh Products Co.—Dividend of 10c. a share was paid Feb. 25, on the common stock. This is the first dividend paid since Dec. 20, 1937, when regular quarterly of 12 Ac. was distributed. a Inc.—Dividend of $1.75 Time, share on the common stock payable a On Sent. 30 and June 30, 1939, extras of 50c. in addition to regular dividends of $1 a share were paid. Todd Shipyards Corp.—Dividend on the no par common from 50c. a share to 75c. a share, payable March 15. stock increased Transue & Williams Steel the the common Forging Corp.—Dividend of 15c. a share stock, payable March 14. This will be the first paid Carbide Union 10c. a on Carbon & creased from 50c. a United on stock since Dec. 1, 1937, when 30c. a share was distributed. common Elastic Corp.—Dividend on the common stock in" share to 60c. a share, payable April 1. Corp.—Dividend on the common stock increased from a share, payable March 23. share to 15c. United States Envelope Co.—Dividend of $1 a share on the common stock* payable March since March This will be the first paid 1. on the common shares 1, 1938, when $2 A a share was distributed. clas8 Utah-Idaho Sugar Co.—Dividend of 30c. a share on the preferred A stock was paid on Feb. 23, last, the first paid since September, 1938. Veeder' Root, Inc.—Dividend of 50c. a share on the common stock, payable March 15. A distribution of $2 a share was made on this issue on Dec. 15, last, and compares with regular quarterly dividends of 25c. a share paid previously. Virginia Coal & Iron Co.—Dividend on the common stock increased from 25c. a share to 50c. a share, payable March 1. - Wagner Electric Corp.—Dividend of 50c. a share payable March 30. This compares with $1 paid on ' 25c. a on the common stock, Dec. 20, last, and share in each of the four preceding quarters. Waltham Watch Co.—Dividend of $7 a share on the 7% preferred stock, payable March 15, the first paid since Oct. 3, 1938, when $1.75 a share was (S. distributed. D.) Warren Co.—Dividend of 75c. pavable March 25. a share in Dividend of $1 each of the four a was share paid on the common stock* Dec. 26, last, and 50c. on preceding quarters. Westinghouse Air Brake Co.—-Dividend from 12 West Ac. a Virginia share to 25c. Pulp increased from 5c. a & a on the common stock increased share, payable March 15. Paper Co.—Dividend share to 10c. a on the common share, payable April 1. Westvaco Chlorine Products Co.—Extra dividend of 35c. common a share stock the a proved short lived, share was to its down FEBRUARY week of February of the trading rut in which months, but the advance and after this brief flurry the market familiar routine of dulness and small The week ended Feb. 10 saw a rise of 2.10 stock price index, and sufficient interest in trading was generated to give the week one 1,000,000sliare day. But that was the only day in all of February when share turnover ran into seven figures. For the entire price changes. points net in the slightly less than of volume It was the smallest and for any Febru¬ and for February, shares, The stock The'total for January was 15,990,665 1939, was 13,-873,323 shares. 1921. since 600,000 shares. month since last June, volume for any ary days, trading 13,470,755 shares, giving a daily average to only amounted 23 of consisting month, range of prices was the narrowest of the last year, of 50 stocks compiled low being 105.40. The closing level of the index was 107.24, almost equidistant between the high and low, and the net change was an advance of 0.S0 point, compared with a decline of 3.56 points in January and a rise of 3.66 points in December. Behind this small net change for the index, however, there were some pronounced cross currents among various stocks. Chemical issues and aircraft shares were for the most part strong, and the steels and coppers found more support with investors than did stocks generally. The decline in steel production, in progress since December, began to flatten out, and the trade noted an improvement in buying of steel for export Sales of copper toward the close of the month were at the best levels since September, and the trend of the price of copper toward lower levels was reversed. Utility stocks and a number of rails, on the other hand, lagged behind the general list. Utilities came under something of a cloud when the Securities and Ex¬ change Commission issued, as the month closed,, its first show-cause orders under the Public Utility Holding Com¬ high being 109.22 for the index by the New York "Times," and the the Act. This action was foreshadowed by fqequeut of action by the Commission. An outstanding feature of the stock market's perform¬ ance this year is its failure to show a decline commensurate with the decrease in business activity from the peak of last December. Just as the stock market did not show a rise last fall proportionate to the rapid improvement in business, so it lias not kept pace with the slackening in industrial activity in the last two months. From a level of 128 in December, a record high, the index of industrial pany Board of Governors of the Federal Reserve declined to 120 in January, and declined further to the 110-112 level in February, according to expert esti¬ mates. The stock index, on the other hand, was at the end of February at 107.24, or only 3.11 points under its December high. The behavior of the stock market would seem to besiieak a belief on the part of investors that the recession in business activity would not long persist. There was no mistaking the fact that industrial output output of the System after seven consecutive 65.9% of capacity as February closed. Electric power production and car loadings were reduced still further, though they remained well above the volume at this time last year. The brightest spot in the industrial picture was the seasonal expansion in auto¬ mobile output in the latter half of the month, fringing production up to a level approximately 35% higher than in the corresponding week of 1939. In the commodity mar¬ kets, firmness was shown in non-ferrous metal and wheat was distributed. Steel declining. declines, weekly was production, at prices. British Treasury The announced on Feb. 18 that it was the holdings of British subjects in 60 American The newrs was without immediate effect on the taking over market here, nificance Youngstown Sheet & Tube Co.—Dividend of 25c. a share on the com¬ mon stock, payable April 1. This will be the first paid on the common 1937, when 75c. issue recent in moving been stocks. on stock, payable March 1. since Dec. 20, com¬ promises An extra of $1.25 and a dividend of $1.50 were oaid Dec. 20, March 11. last. reduced amounted to 10c. a share semi-annual dividend of a dividends States Sugar Corp.—No action taken on the payment of dividends at this time. The last payment made on this and was distributed on Oct. 20, 1939. United March 15. ordinarily Standard Screw Co.—Dividend on the $20 par, common stock from 30c. a share to 15c. a share, and was payable Feb. 27. Photo Engravers and stock de¬ stock decreased from Refining Co.—No action taken on the dividend due at this time. Previous to November of last year quarterly of 25c. a share were distributed. National Sugar Corp.—Dividend on the common stock increased 25c. a share, payable March 1. Peoples Gas & Fuel Mines, Ltd.—Dividend on the $1 par, common share to 50c. a share, payable March 15. 22, last, creased from 75c. a 23. Pacific Shore dividend for it was but the an event The future. of possibly great sig¬ said that announcement payment would be made for the securities on delivery was made not later than Feb. 23. March 4, if It was un¬ issues began in At the time of the announcement T. J. Carlyle February. Gifford, special representative of the British Treasury, was in New York prepared to begin the sales when the securi¬ likely, therefore, that liquidation of these UNFAVORABLE CHANGES Beattie Gold common Mines, Ltd.—Interim dividend of 4c. a share on the no par stock, payable March 15. Dividends of 5c. were paid pre¬ viously. ties Brown Fence & Wire Co.—Dividend on the no par class A preferred stock decreased from $1 a share to Central Cold from 25c. a 65c. a share and was payable Feb. 29. Storage Co.—Dividend on the common stock decreased payable March 15. share to 12>^c. a share, were sured ties available. The market here was perhaps that there would not be any dumping of the by that part of the announcement purpose of such vestings is to insure which said: reas¬ securi¬ "The of that realization securities in the volume total American of VOLUME OF BUSINESS ON THE CURB in¬ Kingdom, United the from and that be orderly shall markets sales Month of February— cluding both vested and non-vested securities, should over a period of time continue at about the average volume of recent individual in Domestic stocks, Allied Foreign of vanced Feb. on 29. In the railroad moved fractionally higher on Feb. 9 to 5%, and closed off Feb. 29 at 5%. Chesapeake & Ohio opened at 39% Feb. 1, rose to 41% Feb. 9, and subsequently gave ground, closing 29 at 39%. Feb. at 19%. at 17% Delaware & 20% Hudson sold at 18% Feb. 1, Feb. 9, and turned lower Feb. 29 on Neiv York Central and its low point closing Feb. 29 sale 16. Southern at at 16%, reached of the slightly Pacific its top better opened figure Feb. 9 Feb. month 1 than Feb. 1 at 15%, its opening 12%, im¬ at proved Feb. 9 to 14%, and later declined to 12% Northern Pacific, after opening at 8% on Feb. Feb. 29. on 1, rose to Feb. 9, and closed the month at 8%. fractionally lower than its initial sale xirice. Union Pacific followed the same 9 on course, moving up from 94 Feb. 1 to 96 Feb. 24, and finally selling off Feb. 29 at 93% ex-dividend. Bonds were in York Stock 917.000 in bad as investor interest case as stocks, Bond so far volume arousing as the on New Exchange declined January. This was to $120,384,000 from $144,the smallest amount of bond trading since last August and, save for the February, 1939, of $118,993,000, the smallest for any February since 1918. Turnover in bonds did not show any greater decline because of a decided pick-up in trading interest in traction bonds in connection with the New York City subway uni¬ fication program. Government bond prices ended the month at approximately the levels at which they began it. The New York "Times" index of domestic bonds showed an advance of 0.22 point in February following a loss of 0.25 in points since In January. to last the The foreign bond index dropped 11)3 58.62, the lowest closing level for any month September. following table we indicate the fluctuations for 10 most active the $24,492,000 $45,522,000 $23,133,000 $42,399,000 306,000 foreign, railroad and domestic corporate bonds sold during the current month: 6,389,694 7,331,860 6,893,289 34,873,631 $63,393,000 $86,097,000 $47,827,000 $95,968,000 2,981,000 3,539,000 497,000 726,000 1,092,000 892,000 719,000 1,224,000 Further the large member excess DURING FEBRUARY chief development Early in ary. to reserves record, was during Febru¬ decline in the slight a carrying in high new a in the money market month the resulting importations, gold bank $50,143,000 $102,488,000 $87,542,000 $64,742,000 THE MONEY MARKET reserve position occurred, mainly because of heavy payments to the Treasury for Social Security taxes, but subsequently the large gold influx and excess Treasury disburse¬ continued ments were instrumental Feb. on that 28 to in raising the total excess reserve peak of $5,690,000,000, with predictions further swelling of this figure will be inevitable^ if a the a present gold movement shows no interruption. The failure of the large inflow of gold from abroad to result in a corresponding increase of foreign deposits at the Federal was ascribed to the fact that the major part Reserve Bank of these credits materials in is being now used for purchase the of this country. While commercial loans experi¬ decline, the latter was held to narrow proportions, reflecting the belief that the present recession in business will not be of long duration. Actual Government financing enced a limited was a concerned. was total point, 287,000 Foreign government Total bond sales. list, & Santa Fe opened Feb. 1 at 23%, ad¬ Feb. 26, closing Feb. 29 lower at 23%. & Ohio's initial sale on Feb. 1 was at 5%; it moved forward to 419,000 Foreign corporate 22% Baltimore 15,344,284 $39,614,000 1,241,000 1,544,000 _ Domestic Topeka to 2,718,510 $21,976,000 554,000 603,000 Bond sales (par value)— proved its position from 115% Feb. 1 to 117 Feb. 28, closing the month a trifle lower at 116%. Westinghouse Elec. & Mfg. opened 'Feb. 1 at 108, rose to 114 Feb. 9, and Atchison 2,974,615 $44,929,000 __ Jan. 1 to Jeb. 29— Stock sales—No. of shares. opened at 32 Feb. 1, advanced to 32*4 Feb. 7, and the month at 31%. General Electric opened at 38 Feb. 1, moved ahead to 40% on Feb. 9, and closed Feb. 29 at 37%. United States Steel rose from 56% Feb. 1 to 61% Feb. 9, closing Feb. 29 at 58%. Steel preferred also im¬ 112% r. Total bond sales. 29 Y to government Foreign corporate closed back 3,167,928 $23,901,000 172,000 American Tel. & Tel. moved 175%. up from 170% Feb. 1 to 172% Feb. 21, closing Feb. fractionally lower at 172. Consolidated Edison Co. slipped 1937 1938 Bond sales (par value)— Chem¬ & Dye advanced from 171 Feb. 2 to 180 Feb. 13, and then sold off Feb. 29 at N. EXCHANGE 1939 1940 Stock sales—No. of shares.. months." As to the fluctuations ical 15 MONTHLY REVIEW March, 1940] to the usual four weekly bill issues of $100.each, to replace similar maturities, but on Feb. 14 000.000 the Treasury issued a call for redemption June 15 of 8353,000.000 of 3%% bonds, indicating simultaneously that holders may be offered an exchange for new securities. Gold imports during the four weeks ended Feb. 21 totaled $216,900,000, of which sum $43,400,000 came from Canada, $32,700,000 from Sweden, $25,500,000 from Holland, $21,- 300,000 from 100,000 from South from Africa, $20,300,000 from Norway, Switzerland cluding the $14,300,000 and from $6,400,000 release of from earmarked England, $19,$10,500,000 India, gold Australia. holdings, the In¬ gold stock of the country during to a February increased $245,000,000 high record of $18,166,000,000. Discount holdings new of the to $6,679,000 12 receding Reserve Feb. from banks 28. receded Total $12,149,576,000 Feb. 7, increased steadily to Feb. 28. from member Jan. $6,946,000 Jan. bank 31 to reserves, 31 after $12,096,727,000 new' peak of $12,317,794,000 a Average yields on 91-day Treasury bills increased 0.004% Jan. 31 to 0.005% Feb. 28. while average yields long-term Treasury bonds remained unchanged at 2.33%, from Feb. 1 Bonds on Range During February, 1940 Opening Feb. 29 Closing Price Lowest Highest 82X Feb. 15X Feb. 59* Feb. 85* Feb. 17* Feb. 14 84 X 17 65* Feb. 17 62 Price Feb. 1972 . Brazil 6*s of 1926 Buenos Aires 4*-4*s. 5s 83 1957 16* 1977 60* 1952 Colombia 6s Cuba to those 102 101 Feb. 30 * 1977 1962 57* 42* .1954 79 * 30X 57X 36* 79* 67 61 Denmark 4*s Japanese Govt 6*s Norway 4*s.._ 1965 Peru 6s 1960 9* 104 X Feb. 33 X Feb. Feb. Feb. 61 Feb. 43* Feb. Feb. 85 Feb. Feb. 72 9* Feb. Feb. 7 26 * 26 21 28 33* 60* 1 36 X 28 84 X Feb. 9 9* Feb. 5 61* 9X Feb. Feb. Feb. 27 »A Feb. 9 26 X Feb. 16 X Feb. 1.7 X Feb. 21 15* 34 Feb. 21 32* 56* Feb. 58* Feb. 10 54 Hudson Manhattan adj 5s 1957 14* Missouri Pacific 5s 1977 16* Mobile & Ohio 4*s. 1977 N Y Chic & St Louis 4*s._.1978 Northern Pacific 6s.i .2047 28* 5334} 14X 16* 28X 53X 55 54 Feb. St Louis-San Francisco 4s Southern Pacific 4*s Southern Ry 4s 11* 45* 11 Feb. ser F Wabash Ry 1st 5s 1950 1969 1956 -...1939 57 * 40 Feb. 9 9 54* 13* Feb. 20 12* 45* 57* 45* Feb. 56X Feb. 47 Feb. 9 59 X Feb. 9 40 45* Feb. 14 Feb. 17 106* 78 * 127 X 75 X Nassau Electric 4s 1951 49 1960 1953 72 X 18 X .1945 105* Third Avenue Ry 5s. Wheelin? Steel 4*s 106* Feb. 87X Feb. 126* Feb. 109* Feb. 21 108 101* Feb. 129* Feb. 101* 126* 28 17 74* Feb. 77 X Feb. 17 74* 49 81 Feb. 29 81 75% Feb. 8 Feb. 72% Feb. 18X Feb. 105* Feb. 25* Feb. 28 113* Feb. 15 73 23* 109* 1960 15 14J* Feb. 19* Feb. 16 19 1966 97 * 97 99 X 28 99* Feb. VOLUME OF BUSINESS ON THE Feb. 1... 1 Feb. 2.., 1 Feb. 3... STOCK .0/ February— 1940 1939 Stock sales—No. of shares__ Bond sales (par value)— 13.470,755 13.878,323 Railroad and miscellaneous $99,176,000 $96,722,000 18,843,000 2,365,000 17,400,000 Foreign Government Govt. Total bond sales Jan. Feb. Feb. 4,871,000 1938 14,256,094 1937 50,248,010 $96,374,000 $229,157,000 20,205,000 36,655,000 11,014,000 19,647,000 $120,384,000 $118,993,000 $127,593,000 $285,459,000 29,461,420 39,055,673 38,678,025 108,919,426 salesj (par value) Railroad and miscellaneous $220,079,000 $228,212,000 $225,355,000 $496,725,000 Foreign Government 39,097,000 37,940,000 40,781,000 86,136,000 6,125.000 12,452,000 27,367,000 45,285,000 United States Govt YORK Renewal High EXCHANGE Low High 1 1 Feb. 16.. 1 1 Feb. 17.. Saturday Feb. 18.. Sunday Saturday 4... STOCK • 1 Renewal 1 1 Feb. 19.. 1 1 1 5... 1 1 1 Feb. 20.. 1 1 1 6... 1 1 1 Feb. 21.. 1 1 Feb. 7... 1 1 1 Feb. 22.. Feb. 8... 1 1 1 Feb. 23.. 1 1 Feb. 24.. Saturday Feb. 25.. Sunday Feb. 9... Feb. 10... Feb. Sunday . 1 Saturday Sunday Holiday 11-;.. 1 Holiday 1 1 1 . 1 1 1 Feb. 27.. 1 1 1 1 Feb. 28.. 1 1 1 1 1 Feb. 29.. 1 1 1 1 1 Feb. 12... Feb. 13... 1 1 Feb. 14... 1 Feb. 15... 1 Feb. 26.. Trading in bankers' acceptances continued inactive, with bill offerings falling even farther behind the existing demand than heretofore. Total outstanding accept¬ according to the monthly survey of the Acceptance Analysis Unit of the Federal Reserve Bank of New York, ances. published Feb. 13, $232,644,000 Dec. $265,301,000 $278,604,000 $293,503,000 $628,146,000 were 30, $229,230,000 Jan. 31 compared with 1939, and $255,402,090 Jan. 31, 1939. Import bills receded from $102,563,000 Dec. 20, 1989, to $100,821,000 Jan. 31; export bills from $38,753,000 to $38,251,000j domestic shipments from $9,617,000 to $7,831,000, domestic warehouse while dollar credits from $44,114,000 to exchange increased $43,- from $15,616,000 to $16,356,000, and hills based on goods stored in or shipped between foreign countries from $21,981,000 to $22,948,000. Bills held by accepting banks totaled $179,139,000, of which sum own bills aggregated $110,655,000, and bills of others $6S.4S4,000. Rates for bankers' acceptances again were quoted at %% bid and 7/16% asked for 30-day, 60-day and 90-day bill&: at 9/16% bid and %% asked for 120-day bills, and at %% bid and 9/16% asked for bills running 150 and 180 days. The New York Federal Reserve Bank, in its ket the "Monthly Review," discussed conditions in the mar¬ for "To Total bond sales... NEW Feb. and EXCHANGE 1 to Feb. 29— Stock sales—No. of shares.. Bond THE Feb. 023.000. United States ON available Portland Gen Elec 4*s., Postal Tel «fe Tel 5s M onth RATES Low 42 Domestic Corporates— Bethlehem Steel 3*8. -1952 Bklyn-Manhat Transit 4* a. 1960 Commonwealth Edison 3*8.1958 Interboro Rapid Transit 5S..1966 Studebaker Corp 6s unaltered at 1%. LOAN 101 Railroads— Chicago Great Western 4s... 1959 CALL . Oct 1961 4*8-... 17 short-term Treasury notes eased from 0.50% On the Stock Exchange the rate for call loans on 0.44%. remained Foreigns— Argentine 4s Canada and bankers' an even conditions acceptances greater of as degree limited follows: than supply in and commercial active paper, demand con- MONTHLY REVIEW 16 the market for bankers' acceptances tinned to characterize February. Dealers' quoted rates remained un¬ changed. On Jan. 31 the volume of bills outstanding totaled $229,000,000, a decrease, usual in January, of about RETURNS $4,000,000 from the December total. In comparison with a year ago, the January volume was $26,000,000 lower, reflecting a drop of $32,000,000 in bills based on goods stored in or shipped between foreign countries, and a de¬ export bills, partly offset by an in bills drawn to furnish dollar increase of nearly equal amount in import $19,000,000 in of $14,000,000 of cline increase exchange and an The large receipts of member banks February by the effects of the gold from the rest of the world. Most of brought to bear on the banking system the other influences made for a reduction in the supply of reserves, but the gold imports were large enough to offset these other influences and to leave member banks on Feb. 28 with $168,218,000 more actual reserves than increase The in they had on Jan. 31. of the United States in the gold stock Feb. 28 was $235,000,000. four 1 weeks to the ACCEPTANCES RESERVE BANKS YORK CITY position of Federal Reserve reserve rendered still easier in was bills." PRIME BANKERS' OF THE FEDERAL BROKERS' LOANS IN NEW during Included in imports was a substantial amount of gold from Scandi¬ navian countries and South Africa. Deposits of gold cer¬ the MUtt Call Loans 150 Days 120 Days 180 Days 90 Days 60 Days 30 Days Secured by Bid & Ask Bid & Ask Bid & Ask Bid & Ask Accept'ces Bid & Ask Bid & Ask Feb. Xa7it 1 2 Ho.7 it Xa71# _____ Ha7it htaH Haht Haht Ha7 it #i toH Ha91» Ha9 ie Ha'it 3 Saturday- 4 Sunday 5 • _____ 7 _____ 8 _____ 9 _____ Ha7 it ®i taH Ha9 it Xa7\t Ha7it Ha7 it htaH %a9i. Haht Xa7it 14a1 is Ho7 is Ho7 is Ha7 it h taH Ha9 is Ha9 ie Ha7n htaH Ha91# Ha9 it Xa7it Ha7 it Ha7 u 9i taH Hah, Haht Ha7 n Xa7lt ..... 6 10.— Saturday 11— Sunday Holiday 12 13 Xa7it 14 ^a7i6 Xa7it 15 .. 16 . . _ Xa7it ..... Ho7 it Ha7 is Ha7 it htaH Ha91« V»a9it Ha7u htaH Ha9it Hah Ha7 u Ha7 u htaH Ha9 ia Ho7 it Ha7it htaH Ha9 it Haht Ha'it Saturday 17—. Ho7 it Ha7 is Ha7 it }4a7it 19 20 Xa7\t H«7n ..... 21.— —v 22 23 h,aH htaH Ha9it' Ha916 Ha'it Ha9 it Haht Ha9it htaH Ha9 ie Ha9\t Xa9it ' H Saturday Sunday 25.... 26 . 27j 29 Ha7u Ha7 it Ha7n 24 28 htaH Hah, Xa7it ...... Ha7 is Holiday -— . _ ..... Time loan Ha716 Ha7 it Ha7it htaH Ha91« Xa7 le Ha7 le Hah, 9itaX Ha9 ie Xa7u Ho7 it Hah, 9i taH Ha9 u Xa7it HO716 Ho7 is htaH Ha9u rates on collateral security Ha9it Ha9it Haht ■ continued be to quoted at the nominal figure of 1%% for 90-day loans, and 1V2% for loans running 180 days. The listless trading markets furnished little incentive for seek¬ accommodations and, as heretofore, transactions virtually restricted to the renewal of expiring older the security in ing new were loan contracts. DAILY OF TIME LOAN RATES RECORD Rates on Mixed Collateral 30 Days 4 Months 90 Days 60 Days 6 Months 5 Months Feb. 1... IX IX IX 1H IX IX Feb. 2... IX IX IX 1H 1X IX Feb. 3... Feb. 4— IX 1X 1H IX Satur day Sun day IX 1H 6... IX IX IX Feb. IX IX Feb. 7... IX IX IX Feb. 8— IX IX Feb. 9... IX IX IX IH 1H IH IX 1H Feb., 5... Feb. 10... Satur day Feb. 11— Sun day IX 1H IX IX IH IX Holl day Feb. 12... Feb. 13... IX IX IX IX Feb. 14... IX IX IX IX Feb.15.._ IX IX IX IX Feb.16... IX IX Feb.19.__ IX IX IX IX IX IX Feb. 20... IX IX IX IX IX Feb. 21... IX IX IX IX Holi day IX IX IX IX IX IX IX ' Feb. 23.._ IX , Satur day Feb. 25... Sun day IX IX Feb. 27.._ IX IX Feb.28.._ IX Feb.29... IX IX w IX IX IX IX IX IX IX IX IX IX IX IX IH IX IX rise of the supply to cope at of New at to 1%, an York announced that returns received from com¬ dealers showed a total of $219,400,000 of open commercial paper outstanding on Jan. 31, com¬ mercial paper market pared with $209,900,000 at the end of the previous and $195,200,000 month, Jan. 31, 1939. on RATES industry and agriculture declined $2,000,000, but $6,000,000 increase in these advances in the last week the month gave rise to some wonder whether the sea¬ merce, deipand, although it was noted offerings originated from a growing variety of busi¬ enterprises. While prevailing rates for average grade to expansion in bank reserves was accompanied, in the the reporting New York City banks, by a rise of of $91,000,000 in the reporting New York City banks'1 of other securities. Total loans decreased $17,000,000, but investments were $72,000,000 higher. In the four weeks to Feb. 28 the New York banks' loans to com¬ six-month paper continued to range from increasing amount of choice paper went %%, with the bulk of business still being transacted %%. Under date of Feb. 14 the Federal Reserve Bank %% commercial loans was beginning. Open increased $5,000,000. Aside from other securi¬ ties, the New York banks did large-scale buying only in Government-guaranteed securities, of which their holdings increased $30,000,000 to a total of $1,270,000,000. Treasury bills declined $39,000,000, and Treasury bonds were $12,000,000 lower, but Treasury notes increased $2,000,000. Reflecting the receipt of capital from other countries and an inflow of funds from other districts, demand deposits— sonal expansion in market paper adjusted of the New York banks increased $259,000,000 to a new record high at $8,986,000,000. Loans and investments of the weekly reporting banks in 101 cities increased in FOR MONEY AT NEW YORK the four weeks $5,000,000 loans Week Ended— Feb. 3 Federal '• and there were no funds came to the Treasury largely through the sale of baby bonds and col¬ lection of social security taxes. While the $63,000,000 rise in currency circulation carried the volume up to a new high for the time of year at $7,439,000,000, the increase was actually less than in the corresponding period of 1939* Between. Feb. 1 and March 1, 1939, currency in use ex¬ panded $76,000,000. With the New York City banks trading in Government securities against the market trend, the Federal Reserve banks did not feel called upon in February to oppose a rise or ease a decline in the market. The regional banks' Gov¬ ernment securities portfolio was unchanged throughout February, bond and note holdings remaining, as they had been since Jan. 10, at $1,344,045,000 and $1,133,225,000, re¬ spectively. Bills discounted for member banks decreased $267,000 to a total of $6,679,000. Industrial advances rose $331,000 to a total of $10,704,000, and commitments to make advances were $590,000 higher at $8,966,000. Foreign cen¬ tral bank deposits in the Federal Reserve banks declined $26,469,000 to a total of $380,844,000, but other deposits were $48,097,000 higher at $363,381,000. On Feb. 28 surplus reserves of member banks stood at a new record high of $5,690,000,000, representing an in¬ crease during the four-week perior of $130,000,000. Excess reserves have risen $840,000,000 since their Dec. 13 low. a with the active investment ness accounts. offering was made during the' month, substantial income tax receipts. The of prime four- circulation, and the $21,- deposits and other $55,000,000 in loans and investments. This rise was trace¬ able, more than to any other factor, to the circumstance that New York State and New York City were in the market with short-term issues during February, making for IX IX Commercial paper remained in inadequate that non-member holdings Feb. 24... Feb. 26._. in v The rise in the Treasury's balance in the Reserve banks was achieved in the face of the fact that no new money^ case IX Sun day Feb. 22... rise Reserve The IX . Satur day . $63,000,000 increase in currency IX IX IX IX IX IX IX IX Feb. 17... Feb.18... amounted to 000,000 Sunday 18 the Federal Reserve banks by the Treasury $241,501,000, indicating that the Treasury had made use of some $0,500,000 of its ffee gold during the four weeks. Sums paid out by the Treasury for this gold naturally found their way promptly into the supply of bank reserves. The only other sources of supply of reserve funds worth mentioning during February were the $34,000,000 rise in Federal Reserve Bank credit in use and the $9,000,000 increase in Treasury currency. Serving as partial offsets to these additions to reserves were the $11,965,000 rise in the Treasury's deposit t balance in the Re¬ serve banks, the $16,000,000 increase in Treasury cash, the tificates with Feb.10 Feb. 17 Feb. 24 Mar. 2 were $28,000,000 to a total of $23,211,000,000 24 to Feb. 21, with loans off from Jan. and investments up $33,000,000. Commercial unchanged at $4,316,000,000. Holdings of Treas¬ notes $14,$12,000,000 and Gov¬ ernment-guaranteed issues rose $13,000,000. Other securi¬ ties increased $86,000,000. Demand deposits—adjusted were $93,000,000 higher at a record total of $19,256,000,000. ury bills declined $64,000,000, and Treasury 000,000, but Treasury bonds were up Call loans on Stock Exchange: Range for week (mixed & Indus, coll.). 1@1 1@1 1@1 1 1 1 1 IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX x@l x@l H® 1 H® 1 1 Indus, collateral): Thirty days — IX IX Sixth days Ninety days.. Four months ..... months. IX IX Five months Six 1®1 1@1 Week's aver, (mixed & Indus, coll.). Time loans (mixed & ....— IX IX IX IX IX Commercial paper: Double and single names: Prime 4 to 6 months Good 4 to 6 months R/ @1 X® 1 H@ 1 x®i H® 1 X@1 Loans to brokers and dealers of the reporting New York City banks—the so-called brokers' loans—declined 000,000 to a total of $457,000,000. Street loans, as $18,com¬ piled by the New York Stock Exchange, decreased $4,-, 576,553 during February to $555,474,347 Feb. 29. from $560,- 050,900 Jan. 31. A year ago, on Feb. 28, 1939, these loans outstanding aggregated $6S3,432,399. At EXCHANGE IN FEBRUARY COURSE OF STERLING exchange market in New York during Febru¬ continued unchanged in all important respects from character in December and January. Trading was on The foreign ary its the whole extremely limited, though on a volume of operations exceeded the levels few occasions the of the two previ¬ ous months. A softer tone developed toward the end of the month and the range for cable transfers from Feb. 1 to Feb. 15 moved down successively from $3.99% to $3.94%. These rates compared with the low of $3,87% on Nov. 30. Sterling was more freely offered in the Far Eastern mar¬ kets, the European neutrals, and the South American The centers. taken liquidated sterling balances were by up debts in United States British of terms and importers 78.50. and London unchanged mium to from continued to one-montli quote New months: previous delivery %% York, pre¬ Paris, parity for sellers and buyers; Am¬ sterdam, 1% Dutch cents premium to par; Brussels, par to 2 centimes discount; Zurich, 3 centimes premium to par. London dispatches on Jan. 28 stated that in the interests parity; - of the all direct or indirect news concerning the gold for British account would be suppressed, owing to the necessity for secrecy especially in connection nation movement of Government's the with imports and of specie. exports February the London authorities further imposed all commodity transactions, so that there was on mestic ish earmarkings New of York of gold Federal the at a high level, determined. were could not be exactly In with to mons vote "token" Great this means war activities their extent of hostilities. Therefore, esti¬ mates made by the most expert authorities in necessarily lack authoritative basis. On 23 the Feb. sions in place additional which York New the Bank and for of purchasing commis¬ they have decided to that aircraft much as field will French announced orders amount to may While British any as in United the States $1,000,000,000. England's selling and buying rates for sterling have been fixed since Jan. 8 at $4.02% and $4.03%, respectively, it developed during February that a body strong of opinion in London is sterling rate to $4.50 or higher. On Feb. 9 Conservative members the matter the Government official to notice, should raise one the seeking to would do more to the Parliament brought member asserting that value of the pound ster¬ He said that such keep down prices than any other step that could be takep, that it would enable Great Britain to buy more cheaply in the United States, and that any adverse effect on British exports would be in dollar and not in sterling areas. Another cellor of Conservative the member Exchequer to said: consider "I if it ask the would Chan¬ not be advisable to raise the pound sterling back to $4.50, and then, if necessary, to give a subsidy to exports in sterling, because if you raise the value of the pound in dollars 'you would avoid assumed Richard one be to a of the rise main in causes of what so easily is prices." Hudson, Secretary for Overseas Trade, inter¬ vened in the debate to say: "I would not like it to get out that ports there on a is a possibility large scale." To this the member replied: of sterling sure the bold, you are just Government as can strong measures in nomic of subsidizing British "By artificial depreciation much subsidizing exports. rely ex¬ I am this House to support developing a comprehensive eco¬ upon policy." There can be question that British export trade has declined considerably since the outbreak of the war in September, but this has been only an acceleration of the no trend which began in 1914. Nevertheless, the decline in exports was not as great as appeared on the surface. Since September, and with increasing force in February, respon¬ British opinion on every occasion emphasized the necessity for increasing exports. The great London banks sible took a leading part in this policy. They were steadily directing the flow of credit away from the production of non-essentials and were extending credits to concerns en¬ gaged in export trade. It of was the disclosed "Big Five" early banks in of February London that were the deposits at high levels. was greatly the expenditures following table, it such as sells. The income Exports and Import Reexports Balance £104,961,000 £44,731,000 86,582,000 49,924,000 81,097,000 75,570,000 42,671,000 25,458,000 deficit from merchant marine, dation the in¬ since giving £60,230,000 43,911,000 24,466,000 39,532,000 41,465,000 44,076,000 31,494,000 It is normal for the United Kingdom to buy more than re¬ Imports * abroad paid for by invisible receipts is earnings of the foreign investments, insurance premi¬ ums, &c., but in recent years these receipts have not been sufficient to offset a foreign trade deficit of between £30,000,000 and £40,000,000 a month. An outstanding event of the month affecting foreign ex¬ change was the order issued by the British Treasury on Feb. 19 requiring British owners of stocks in 60 United States corporations to sell their holdings to the British Government as a preliminary to the eventual orderly liqui¬ of commissions, banking securities. It noted was that list the enu«. merated only what might be called second-class American securities. All the highest-grade and more active stocks were omitted from the enumeration, Steel, Bethlehem Steel, American Co., and Pennsylvania RR. Co. British authorities requisitioned would such as United States & Telephone Telegraph explained carefully that the be immediately sold or at not time disposed of in such a way as to disturb the mar¬ any kets. It was understood that, if necessity required, other issues would be added from time to time. The action making was an was taken comprehensive The listing heavily since August It was to indicate plans for also British that intends the to was further a Britain action indication as a of draAvn resources implied its conserve here. that actual last resort. the is several years' also surmised, Go\rernment had its gold and cash on holdings and to part with them only decree Great of of the stocks, it was considered Government that war a indication that the British the gold The extraordinary strength of the exchange control exercised by the Bank of England. On Feb. 9 the gold stocks of the United States reached $18,041,217,231, and Avere $18,166,000,000 on Feb. 28. On Feb. 1 the Bank of England issued on order that the sale of rupees to United States citizens will be permitted only when positive assurance can be given that the dollars involved have been sold to the British control. It shown in February that the combined gold stocks France, which in 1914 were only 50,000,000 ounces, at the end of January totaled 175,000,000 ounces worth $6,000,000,000. As for foreign resources, the was Great Britain and British held investments abroad amounting to about 000,000,000 at the then current rate of exchange. is considerably less than in 1914 and only a amount of it is readily convertible into cash. This $13,sum minimum British in¬ vestments abroad prior to 1914 were estimated at around $18,000,000,000 computed at $4.8665 to the pound. Bank of England note circulation on Feb. 29 stood at £531,216,000. The note circulation reported on Dec. 27, 1939, of £554,615,983 was the highest in the Bank's history. Throughout February, as since September, Canadian ex¬ change continued to move in close sympathy with sterling, with which it was officially pegged by the rates established by the British exchange control. The Canadian unit was therefore at S. to and the shoAvn August, 1939 January, 1939. of of ling in the months immediately ahead. action raise trade In evaluating the The failure of exports to balance the August. is imports duration. appropriations of £100 units. By hopes to disguise the cost of its the end materials war January, 1940 December, 1939 September, 1939 Bank Britain until of in key months in the past year: The way keeping with this policy a plan was laid before Parlia¬ toward the end of February for the House of Com¬ ment of end the export import balance. consideration must be given the swollen of condition the adverse volume stocks Reserve though in situation secrecy no even approximately the extent of British do¬ foreign trade. It Avas likewise known that Brit¬ or unfavorable creased In determine to The flected owing others exchange. Canada, 4.43@4.47. Berlin, as in previous months, was not quoted. The Italian lira was unofficially quoted between Official the end of 1939 they reached £2,094,100,000, against £1,950,100,000 at the end of 1938. The previous high level was £2,030,100,000 at the end of 1937. The year's increase of 7%% was the largest during any year since 1932. apparently Despite the fact that the spot rate had declined on foreign liquidation, the underlying firmness of the pound Avas reflected in the improvement in quotations for 90-day forward delivery. In November and December 90-day ster¬ ling was offered at around 6 points discount, but in Febru¬ ary the discount narrowed to between 4 and 3% points. The Bank of England continued its pegged rates on the several markets as folloAvs: New York cables, 4.02% @ 4.03%; Paris checks, 176%@176%; Amsterdam, 7.50@7.55; 77.50 17 MONTHLY EEV1EW March, 1940] a discount throughout the United States dollar. between ary the month in terms of Montreal funds ranged in Febru¬ discount of 13%% and a discount of 12%%. on Feb. 1 at $3.97% @$3.99%, Feb. 29 at $3.92% @$3.94%. The high for sterling a Sterling cable transfers sold and on was $3.99% on Feb. 1, and the low was $3.92% on Feb. 29. In commenting on the foreign exchange situation during February the Federal Reserve Bank of New York said in its "Monthly Review" for March 1: "One of the outstanding developments in the foreign ex¬ change markets during February was an accelerated flight of capital from Sweden, which culminated in the introduc¬ tion of official The new trol over exchange control in Sweden on Feb. 25. regulations, which strengthened the informal con¬ capital transfers applied by Swedish banks since the middle of December, invested the Riksbank ized banks with a and author¬ monopoly of exchange transactions and provided for the control of foreign exchange. Foreign ex¬ change will be made available only for approved transac¬ tions, and the export and import of bank notes and securi¬ ties is prohibited. The new restrictions do not affect Sweden's clearing agreements with other countries. Despite recent pressure, the Swedish krona rate was main¬ tained throughout the past month near the level of $0.2382. the <v. MONTHLY REVIEW 18 "Trading in other neutral European exchanges ^was tlie belga and the guilder. The Belgian currency, which had risen to a fourmonth high of $0.1698% on Jan. 29, receded to as low as $0.1681% in the middle of February. Subsequently, how¬ ever, the belga showed some renewed firmness, ending February at $0.1687%. After opening the month at $0.5309, the Netherlands currency rose to $0.5326 during the first featured A week. rate turned Netherlands Government issue, which the offering of a new At oversubscribed. end of the month the guilder the quoted at $0.5319%. Swiss exchange, meanwhile, con¬ tinued steady at about the rate which has prevailed since the latter part of November. was "With respect to the currencies of the allied countries, a during the first half of the The pound-dollar rate, which had advanced past month. to as high as $4.00 toward the end of January, declined irregularly to reach a low point of $3.94% on Feb. 15. This reaction was reportedly due in large part to relatively heavy European and South American offerings of the Brit¬ weaker tendency ish currency, second presumably induced by pound half of rumors the rate discount the February, however, During quotations for the declined to $3.94%. three-month on In the forward market sterling deliveries narrowed during the month from the equivalent of 3%% per annum to about 3%%. The New York rate for French francs continned to keep more official. cross less in line with sterling, in view of 176% francs to the pound. Toward the end of February the franc was quoted in this of the market at $0.0223%, about reached "The States rate compared with the high of $0.0226% earlier. as month a Canadian United or dollar currencies widening from 12 5/16% of February, Of the the Latin Argentine showed weakness against during February^ its discount Jan. 31 to 13%% near the end discount in about three months. on largest American some currencies, the "free" rate for the which improved noticeably in January, appreciated further in early February, reaching $0.2347 on Feb. 8, as compared with about $0.2250 at the beginning of peso, January. adverse Despite pressure, reported to have been occasioned largely by discussion in this country of a proposal to suspend the foreign silver purchase provisions of the Silver Purchase Act, the dollar rate for the Mexican peso maintained at about $0.1672 throughout the past was month." Details of the gold movement at the Port of New during February were Review" Federal of the outlined as Reserve follows in Bank the New of York "Monthly York somewhat be to imports into the United States de¬ further substantial. very under tinued despite of earmark for during February, but continued In addition, the amount of gold foreign account at the Federal at the the Federal month held under Reserve amounted earmark Bank to New of for foreign York account the at end of about $1,090,000,000. reported by the Department of Commerce, gold im¬ "As ports into the United States during the four weeks ended Feb. 21 totaled $216,900,000, of which $43,400,000 came from Canada, $32,700,000 from Sweden, $25,500,000 from Netherlands, $21,300,000 from the Union of South Africa, $20,300,000 from England, $19,100,000 from Nor¬ way, $14,300,000 from India, $10,500,000 from Switzerland, $6,400,000 from Australia, $5,600,000 from Russia, $4,900,000 from Japan, $2,800,000 from Italy, $1,400,000 from Hongkong, $1,400,000 from the Philippines, $1,000,000 from Belgium, and $500,000 from New Zealand. the CONTINENTAL AND French The agreements franc, between OTHER being Paris FOREIGN EXCHANGE fixed and changed throughout the month at the pound. York operations on As moved in were occasion a sterling by mutual result of this close tie the franc in New strict on showed At the end to London, continued un¬ 176.50@176.75 francs to of the sympathy with sterling, and though the whole extremely limited, the franc some independent demand. increasing that the stated that four months after the opening of hostilities France was in a strong position and that the country had benefited by the serious efforts made toward recovery in the preceding the war and had been still further by the economic and financial accords with Great Britain, which secured the franc against the danger of and assisted the French effort to finance the "cash and carry" basis. War conditions, he asserted, have obliged France war op a to make Government's the to The first Bank of France statement for circulation high This of a adoption 22 showed York 1 at of 154,455,000,060 francs, Bank's statement for the week The New Feb. February showed outstanding record. Feb. the circulation free at market 2.25@2.26%, and 153,360,000,000 Paris cable new a ended francs. transfers In sold on Feb. 29 at 2.22%@2.23%. on Belgian currency was irregular in February, although than in January. This statement applies exclu¬ steadier sively to the spot rate as quoted in the New York market. Belga futures were generally at a sharp discount, ranging 39 down to 45 points discount from the basic cable rate. Belga cable transfers sold on Feb. 1 at 16.96@16.98, from and Feb. 29 at 10.85@ 16.88. on Italian lire the control held were at Rome. steady throughout it On the by New peFIifa. """This rate has of end September, when gradually lowered from 5.26c. was lire since about unchanged the month The rate for commercial lire in York-did"not deviate"froffi~'5X>oc. been Feb. 1 the to 4.22, in the of 20% Rome control reduced with 4.55 the compared in effect since early in October. the price of tourist which rate had been It was also reported early month that Italian exporters will receive a bonus foreign exchange paid in return for their prod¬ ucts. In other words, an exporter who sells $100 worth of goods is to receive 2,360 lire from the bank instead of 1,976.50 lire. Cable transfers on Rome did not vary in on the New York market German marks York during tations for so-called during February from 5.05c. not quoted in either London February, although there the free Exchange were mark in New York New or occasional quo¬ were around 40.20 for the gold. mark. or the neutral during the war of trends in February. The Swiss franc continued steady with a firm undertone, as exempli¬ fied by the London quotation on 30-day Zurich of 3 cen¬ on countries 1914-1918 presented mixed times premium The to Holland parity. guilder irregular. whs An undertone of displayed in the quotations for 90-day guil¬ was ders, which ranged from 57 to 75 points discount from -In mid-February the Netherlands Government intro¬ duced a bill authorizing the issue at par of a 4% 40-year "semi-forced" loan of 300,000,000 guilders. It was stated spot. should the 3% a offering forced loan prove failure a would be on issued, voluntary a for which indi¬ viduals would be obliged to subscribe at a progressive according to their property tax. The Scandinavian currencies moved in close rate sympathy with sterling throughout the greater part of February. On Feb. 24 the Swedish Government instituted rigid restric¬ tions the on exchange export of capital gold. or restrictions it In was and few days estimated that a had taken flight from Stockholm. on dealings in foreign before the adoption of about 20,000,000 krona On Feb. 15 the Swedish National Bank held foreign currency reserves of 432,000,000 krona and gold reserves of 1,000,000,000 krona. The foreign exchange order prohibited dealings in foreign of means payment and foreign claims to the countervalue Swedish currency between two parties without the in¬ of termediation of the Riksbank, which was granted a mo¬ nopoly of foreign exchange transactions. It was expected that Norway and Denmark, which had hitherto exercised a partial control of foreign exchange, would follow the example of Stockholm and institute total control effect The measures. Scandinavian decrees had little the on foreign exchange market in other centers, especially in New York. While the Scandinavian curren¬ cies to had for London, the pound months the sterling link and on of transfers sold with close relationship krona to Swedish September the Feb. on @53.16. in the last severed was Feb. 29 at 53.11% Cable transfers link established was 23.42 @23.43% at previous moved traditional Guilder cable 1 and an dollar. at 53.08%@53.10, Swiss cable transfers sold Feb. 1 and at 22.42@22.43 on Feb. 29. Sweden sold at 23.81@23.83% on Feb. 1 on on and at 23.81@23.83% on Feb. 29. Exchange on the South American restricted tine and official Feb. on free drastic alterations in her system of finance and economy. After long resistance the Government was obliged to estab¬ largely policy of non-importation with the exception of war ma¬ terials and other items indispensable to the country's wellbeing and defense. months aided devaluation trade ascribed was year ers, February asserted that exports have there is every reason to believe balance, which improved considerably in that and 1939, lias already returned nearly to pre-war levels. unofficial M. Pierre Fournier, Governor of the Bank of France, in his annual report to the stockhold¬ hostilities, permitting France after four purchase supplies without exhausting its Paris dispatches in basis, gold supported, M. which con¬ was capital of to war been that of money repatriation the gold reserve. ther $30,000,006 fur¬ during the month, following a decrease of $40,000,000 in January. Chiefly as a result of these factors, the gold stqck of the United States increased about $245,000,000 in February, after a gain of $287,000,000 in January. The French the of by said, months Reserve Bank of New York decreased about amount stability weakness "The volume of gold held The for March 1: clined a Fournier impend¬ an sterling outside the London official market held stable at about $3.95% until the end of February, fairly when of rigid control of exchange, and this forced the Bank the supervision of gold movements and of business in foreign currencies. shown was ing tightening of the British exchange regulations. the lish to assume new duties in up¬ again in the latter part of the month, accompanying ward was occurred, but the then reaction the in fluctuations irregular by 1, steady rate and market at was Brazilian milreis at 5.01 @5.15 on throughout for the 29.77 22.95 were peso on on Feb. Feb. 1, countries February. -was 29. and quoted The (Continued on page 118) Argen¬ at 29.77 unofficial 23.45 quoted at 5.03@5.15 Feb. 29. continued The on on Feb. or 29. Feb. 1, and New York Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF BOND PRICES DURING FEBRUARY 1940 Bond Sales February 1940 - 1939 $120,384,000 265,301,000 _ Jan. 1 to Feb. 29 Stock Sales $118,993,000 278,604,000 February Shares_ Jan. 1 to Feb. 29 1940 1939 13,470,755 29,461,420 13,873,323 39,055,673 NOTICE—Gash and deferred delivery sales are disregarded in the month's range unless they are the only transactions of the month, and when selling outside of the regular monthly range are shown in a footnote in the month in wnlch they occur. No account is taken of such sales in computing the range for the year. The tables 19 to 40 furnish a complete record of the transactions on the New York Stock Exchange during for 1939. They need no extended introduction, as they are self-explanatory. The tables security dealt in on the Exchange. We give bonds first, using the classification adopted in the official list. on pages Feb., 1940, and the embrace every range The italic letters in..the column headed. .<</.»lemt. /?eriQd.,!Tndicate 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 price to which accrued interest must be added. The exceptions to the rule are income bonds and bonds interest is in default. This method of quoting bonds became effective Jan. 2,1909. are at a sent one or more 32ds of Sales in a N. Y. Value which repre¬ point Price BONDS February on Quotations after decimal point •S'C 2 STOCK EXCHANGE PRICES IN FEBRUARY Jan. 2, 1940 ^ Bid Feb. 1 Bid Ask Feb. 29 Ask Bid RANGE SINCE JAN. Lowest Ask Sale Prices Sale Prices U S GOVERMENT BONDS 1947-1952 A 48,000 Treasury 4Hs O 119.31 Sale D 114.28 Sale Registered. 63", 000 Lowest Highest Sale Prices Registered 2,000 6,000 Treasury 3Hs Sale (119.29Sale 1119.30 Feb. 120.3 Feb. 6 119.30 Feb. Jan. 12 119.29 Jan. 114716 114713 114717 120.10 Jan. 23 Sale 114.14 114.18 Feb. 14 114.14 Feb. 114.29 Jan. 3 zll4.12 Feb. 26 114.12 Feb. 26 114.12 Feb. 11479 "Sale 114.25 Jan. 2 114.19 114.9 Feb. 29 114.14 Feb. 10 114.9 Feb. 114.30 Jan. 5 Feb. 23 102.2 Feb. 114.25 Sale Feb. 114.22 114.28 114714 114.8 Jan. 101720 Jan. 30 102.14 102.22 I6I73~1 Sa'le 114.8 D 2 101.22 Feb. 102.8 Jan. 7 101.30 Jan. 154221 Sale 10475" Jan. 25 104.10 I03.26 103731 103726 Feb~.~27 10473" Feb"." 15 101.30 S 103.26 Feb. 104.24 Jan. 5 1943-1947 7 D 109720 no* 109722 109.27 109719 109.20 Feb. 21 !09!3"0" Jan. "i 105.6 Sale 104726 105""" 9 Registered ^Treasury 3 Ha Registered 23"000 Treasury 3H8 120.17 S 1946-1956 M 43",000 Sale Prices 120 119.29 Sale ..1944-1954 J Treasury 4s. 1940-1943 J - ....1941-1943 M 101.26 101.22 Registered 15.665 Treasury 3 Ha 5"O",666 Treasury 3Hs Registered. 59",000 Treasury 3 Ha 71",000 Treasury 3 Ha 109.24 109720" Feb"."21 109724" Feb"."6 Registered ...1941 F A 105713 1943-1945 A O 109227 Sale 109725 lib""" 165727 Sale" 109726 .1944-1946 A O lI67l2 11678" Sale Feb"." "5 10576" Feb.""! l6i73~6 Feb"." loUi Jan. "I Jan. iio7i" Jan. "4 109.26 Jan. 109.30 Jan. 11 110.6 Jan. 110.18 Jan. 5 110.6 Jan. 110.6 Jan. Feb".~26 11178" Feb"." "2 16 111 Feb. 111.20 Jan. 10 111.8 Jan. 111.12 ill 7f7 lii'il ill 7l9 Fe"b"."23 iii724 Feb"."20 Jan. 19 111.19 Feb. 112 13 Jan. 10 110.10 Jan. 110.28 Jan. 5 110.17 Jan. 110.17 Jan. 25 109.28 Jan. 110.30 Jan. 11 29 1104.30 .... Feb"." 13 l"l"o". 12 11079" Sale" 11078" Feb"." 5 109728 Feb." 2 Registered Sale ii67l2 Feb"." "6 Registered hi",000 Treasury 3 Ha 1946-1949 J D mho nV.i3 11179 l"l"l7l3 111"" 11174" ill 1949-1952 J D 111727 111.28 D 116718 Sale" 110.14 110.18 110.10 110.14 ii67ll Feb"."20 iio7l~5 Feb"." 13 (109.29 Feb"."23 11079" Feb."2 107.12 Feb. Registered Yf.666 1 Highest Treasury 3Ha.. 112.4 111 72*3 109.25 Registered.... 27~666 Treasury 3s...... Registered 1946-1948 J oY.666 Treasury 3s 1951-1955 M S il67l0 Sale" 110.3 Treasury 2Ha_. 2,000 Registered 52,000 Treasury 2 Ha 1,000 Registered 1955-1960 M S 10773*0 Sale" 107715 Sale" 1945-1947 M S 109 5 Sale 10971 lbb".8 10972 13,000 Treasury 2 H8 1948-1951 M 8 10878 108*.l6 10876" Sale" 108727 lbb" 10771*2 Sale 167.6" Sale" 167" 106.31 ............... __ Sale 109.29 Sale Registered 110 22I"66O 107716 Sale Sale Jan. 110 Jan. Feb. 107.7 Jan. 108.10 Jan. 6 (107.18 Feb. 19 (107.18 Feb. 107.8 Jan. 108.4 Jan. 10 108.30 Feb. 21 108.28 Jan. 109.13 Jan. 108.30 Feb. 19 108.30 Feb. 108.30 Feb. 109.3 Jan. 3 108.2 Feb. 9 108.6 Feb. 108.2 Feb. 108.20 Jan. 6 Feb 26 107.13 Feb. 106.28 Jan. 30 107.30 Jan. 6 Feb. 26 26 107.24 109.3 Feb. 4 Registered i27~666 Treasury 2Ha 1951-1954 7 D " Sale 2 HACflfltOPAd "21",000 Treasury 2 36.666 Treasury 2Ha 272,666 Treasury 2 Ha "3", 000 16,666 Treasury 2 Ha Registered Treasury 2 Ha 523",006 Treasury 2 Ha Hs!777777"777!.77i9564959 M S 106721 Sale" 206715 106718 106.9" l567l2 16679"" 106720" Feb." 17 10676" Jan7"6i 106731 Jan! "§ Registered D 166720 Sale"" 10673" 106.6" 105726 .1960-1965 J D 106713 106 Sale 1945 J D 108723 108".28 108713 108". is 108712 1958-1963 7 Registered 105.30 165729" Feb"." 26 10678"" Feb"." Sale 163727 Feb". "26 l667l2" Feb"." 13 105.25 108.16 108710 Feb"." 21 108714 Feb"." 13 108710" Feb."21 158730 Jan! 19 i077l7 Feb"" 24 108.3 Jan. 9 105.1 Jan. 106.4 Jan. 10 14 i6672"7 Jan7"§I 106726 Jan7"i! * 106220 105728 Jan. 30 i66726 Jan! "!6 Registered 1948 M S 107718 107.24 D 105713 Sale 107."l9 107723 107716 107726 I67.Y7" Feb". "24 167720 Feb"." 105 7l4 105.16 Feb. Registered 1949-1953 J Registered 91,000 Treasury 2 Ha 82,000 Treasury 2 Ha 16,000 Treasury 2s 30,000 Treasury 2s 11,000 Registered " Sale" " 10578" Sale 10575" Feb"." 7 2 105.17 S 105.17 Sale 105.14 Sale 105.9 Sale 105.8 Feb. 8,105.18 Feb. 2 1951-1953 J D 102.31 Sale 102.31 103 Sale 102.29 Feb. 5 103.8 Feb. 13 1947 J D 104.18 104.23 104.15 104.18 104.15 104.19 104.16 Feb. 7 104.23 1948-1950 J D 103 103.7 1950-1952|M 103.6 Sale Sale 103.2 Feb. 10 Jan. 105.23 Jan. 6 105.5 Jan. 106.6 Jan. 11 102.20 Jan. 103.20 Jan. 10 105.4 104.16 Feb. Jan. 11 102.23 Jan. 16403.22 Jan. 10 103.5 Feb. 21 103.7 Feb. 14 108.20 Jan. 24 Jan"""6 103.1 Feb. 103.10 Feb. 2 103.5 Feb. 103.7 Feb. 14 108.12 108.9 Feb. Feb. 1 108.9 Feb. 103.6 Federal Farm Mortgage Corp— 42,000 1944-1964 M 3Ha Registered ~73~666 3s "3" 000 3s S 1944-1949 M N 108.11 108.16 108.16 Sale 108.8 21 108.16 10878 Sale"" 16573" Sale" 167731 10873 107729 10577" 105.12 10574 10576 10573" 10572" Feb." "§ 10574" Feb"." "2 15572 105.8" Feb.21 io§76 " Feb"." 1 107729 Jan! 108J3 105.1 Jan. 105715 Jan!" "6 Registered ...1942-1947 7 J 10576 Registered... 15,066 2Ha 1942-1947 M S Home Owners Mortgage Corp— 54,000 3s Series A 1944-1952 M N 104726 104731 104725 104729 104.26 Feb. 107.24 108 107.24 108 107.18 Feb. 107.20 Sale 5 i0473"l~ Feb"." 13 104726" Feb! 107.24 105.2 Jan. Feb. 2 107.18 Jan. 108.4 Jan. 5 24 1,000 Registered.: 107.17 Feb. 107.17 Feb. 23 107.17 Feb. 107.17 Feb. 23 46,000 2Ha Series G. 1942-1944 J 7 104.17 104.22 104.17 104.23 104.19 104.23 104.15 Feb. 104.20 Feb. 19 104.15 Feb. 104.22 Jan. 5 41,000 1 Ha series M 1945-1947 7 D 101.15 101.24 101.14 101.20 101.19 Sale 101.16 Feb. 101.20 Feb. 7 101.10 Jan. 101.24 Jan. 4 N Y CITY BONDS—See page 97. FOREIGN GOVT & MUNICIPALS Agricultural Mtge Bk (Colombia)— 6,000 4,000 iGtd sink fund 6s.... .....1947 F iGtd sink fund 6s 1948 A Akerahus (Kingd of Norway) 4a_1968 Af 33",000 AAntioqula (Dept of) Col 7s A..1945 J ^External 8 f 7s series B 25,000 1945 a External s f 7s series C_. 5,000 1945 AExternalsf 7s series D 5,000 45,000 a7s 1st series a7s 2d series 50,000 a7s 3d series 34,000 47,000 Antwerp (Oity( extl loan 5s A 27 X O 27 30 94 8 26 X 26% _ 32 26 X 28 32 26 X 55 28 69 z27 X Feb. 27 X Feb. 28X Feb. 16 29 15 27X Jan. 3 26X Jan. 23 29 Feb. J 14 17 14 Sale 13 X 14 X 14 Feb. 1 15 X Feb. 15 13X Jan. J 14 18 15 Sale 10 Feb. 15 17 15 Sale 10 10 14 X 15 X Feb. 15 X Feb. 13 14 14 7 27 14 17 15 Feb. 14 X Feb. 13 X Feb. 16 14 14 X 14 X 1 J 14 13 X Feb. 1945 J J 14 1957 A O 13 1957 A O 13 1957 A O 13 H 1958 J 153 16: D 66 X Sale 69 1948 MN Sinking fund external 4H»—1971 M N 94 X Sale 88 Sale S f external 80 X Sale 79 X 81% 16X 13% 13% Sale 12 X Sale 13 X Sale 12X 12X 28% Feb. 16 Feb. 15 16 16 16X Feb. 15 16 Feb. 19 15X 15X 14 X 14 X 14% 70 Feb. 15 14 14 65 13 X 13% 12 X Feb. 12 X Feb. 23 20 14 X Feb. 14 X Feb. 1 15 13 X 12 X Feb. 67 X Feb. 21 14% Feb. 70 Feb. 15 7 95X 91% 85 H 85 X 21 16 17 17 69 72 68 Sale 95 X 90 X Sale 95 X Sale Sale 83 Sale- 83 X Sale 91X 84 X 84 % 29 Jan. Jan. 12X Jan. 27 19 12 X Feb. 20 12 X Feb. 21 67 Jan. 3 Feb. Feb. Feb. Feb. 1 15 15 Jan. 11 95 X Feb. 21 Argentine Nation (Govt of)— 549,000 188,000 695,000 347,000 S f external 4 H® 8 f external conv conv For footnotes tee page 30a loan 4s.Feb 1972 F loan 4s__ Apr 1972 A A O 2 Sale 95 X Feb. 89 X Feb. Sale Sale 82 X Feb. 82 X- Feb. 5 5 5 Feb. Feb. Feb. Feb. 91% Feb. 85 X Feb. 16 17 85 X Feb. 17 Sales in 11 BONDS February (Continued)-— 229,000 Australia 5s of 1925---July 15 1955 External loan 5s of 1927 1957 161,000 External g 4%s of 1928 217,000 1956 5,000 iAustrian Govts f 7s.------—1957 iBavaria (^ree State) ext 6%s—1945 135", 000 Belgium 2&-yr external 6%s 1949 Externals f 6s 1955 176,000 Bid FOREIGN GOVT External! f 7s iBenin (G^ltmany) J J M S MN J J P A M S J J }955 ---- 1941 1957 1957 7 89 79 8 81% 1 100 Sale l'A 98 94% Sale 102% 103% Sale \rSale 75 F a 75 90 Sale J D 87 Sale J D 7 M S 63 M S 5734 Sale F A O MiV 56% 56% 5634 58 A J J 3834 5834 Sale 40 1967 J J 1968 MN 11% 11% 14% 20 Sale 8% Sale" Sale 21% Sale 17 Sale 17 17% 76 9% 29 3 99% Feb. 7 15 15 13 97% Sale 92% Sale 103% Sale 22 12% 20% 16% 16% "... 97% Feb. 91% Feb. 100 Feb. 13% Feb. 20 11% Feb. Sale 19% Feb. Sale 15% Feb. Sale 15% Feb. Sale 16 Feb. 70 Feb. 73% 74 Feb. 73% 84 83 Feb. 8 7%. Feb. 9 7 12 22 16% 1 1 1 7 76% 75% 73% 6% Sale 73% uk 75 Feb. Feb. Feb. Feb. Sale 13 Sale 89% 89% 81% 7% Sale 78 Sale 22 Sale 29 26 29 13 76% Sale 11 16% 69 "78% 92 9 69 81 7% Feb. 1 104 Feb. 76% Feb. 75% Feo. 73% Feb. 6% Feb. 12% Jan. 96 Jan. 89 Jan. 100 Feb. 13 Jan. 11% 17% 13% 13% Feb. Jan. Jan. Jan. 1 Highest Sale Prices Sale Prices Sale Prices Feb. Feb. Feb. Feb. Sale Sale 22 Ask Ask Bid Lowest Highest Lowest Feb. 29 Feb. 1 Bid 11% M S 1950 1962 (Province of) stamped ---Readjustment 4%-4%s Sale 13£ 17 J13 y8 1958 1952 1957 1958 83 % 11 1950 5,000 s f 6%s AExternal sinking fund 6s 5,000 230,000 iBrazil (U S of) external 8s AExtl s f g 6 %s of 1926 416,000 iExtl s f 6%s of 1927 322,000 iCent Ry 30-year g 7s 190,000 1,000 Brisbane (City) s f 5s 7,000 Sinking fund gold 5s 11,000 20-year s f 6s_-_-_ 10,000 iBudapest (City of) 6s—- 87 Ask Sale 75 RANGE SINCE JAN. PRICES IN FEBRUARY Price Jan. 2, 1940 exchange n. y. stock Value 145,000 EXCHANGE-BONDS N. Y. STOCK 20 Sale Prices 29 91 Jan. 15 26 29 90% Jan. 24 Jan. 24 8% Jan. 12% Jan. 100% Jan. 30 84 95 Jan. 104% Jan. 14 Jan. 30 5 8 29 Feb. 28 13% 11% 22% 17% 17% 17% Feb. 14 13 Jan. 28 70 Feb. 28 70 Feb. 79 Jan. 30 27 77 Feb. 17 74 Feb. 78 Jan. 24 27 87% Feb. 13 83 Feb. 87% Fda. 13 FCb. 9 7% Jan. Jan. 19 59% Feb. 59 Feb. 65% Feb. 63% Feb. 17 60% Feb. 60% Feb. 66 Feb. 19 67 Feb. 17 57% Jan. 57% Jan. 56% Jan. 56% Jan. 13 15 2 2 1 15 8 Feb. 8 Feb. Feb. 14 14 Feb. 14 11% Feb. 20 8 23 25 Jan. 17% Feb. 14 17% Feb. 14 1834 Jan. 25 8 Buenos Aires a6s 287,000 116,000 58,000 54,000 6,000 Refunding s 1976 1975 bonds 3 %s external s ASecured s 1984 f $ bonds Bulgaria (Kingdom 3,000 5,000 1977 1976 f4%-4%s_ Extl readjust 4%s-4%s Extl s f 4 %-4 H, § of)— f 7s AStabilization loan --- 7%s 1960 A O 101% 260,000 Canada (Dominion) gold 4s 30-year gold 5s ---1952 MN 106% 356,000 lC-year 234s Aug 15 1945 F A 96% 245,000 25-year 3 1961 J J 93% 122,000 7-year 2 %s ..---1944 J J 9634 131,000 30-year 3s. 1967 J J 8834 119,000 30-year 3s__ — 23,000 -}^8 MiV 88% ACarlsbad (City) s f,8s--1954 J J 1950 M S 3;666 ACent Agric Bank (Ger) 7s, AFarm Loan s f 6s 1960 J J 12% 9 a6s July coupon on.*.. 1960 -—13% AFarm loans f 6s 1960 A O 32,000 ..... " 76% 6034 59% 59% 59 42 12% 13% Sale Sale 96% Sale Sale 89 Sale 15% 32 7;666 1960 ---- 1942 MiV a7sassented ---1942 63,000 AExternal sinking fund g 6s—1960 19,000 a6sassented ----I960 163,000 AExternal s f gold 6s Feb 1961 7,000 a6s assented Feb 1961 148,000 ARy ref extl s f g 6s Jan 1961 14,000 a6s assented -Jan 1961 64,000 AExtl s f 6s int ctfs Sept 1961 1,000 a6s assented Sept 1961 44,000 AExt sinking fund 6s 1962 5,000 a6s assented 1962 51,000 AExternal sinking fund 6s—-1963 2,000 a6s assented.— 1963 123,000 6,000 AChile Mtge Bank of gusf 6%s_1957 a634s assented 1957 10,000 AGuar s f gold 694s 1961 5,000 a6 %s assented 1961 12,000 AGuaranteed 8 f gold 6s 7,000 a6s assented 1961 31,000 AGuaranteed sink fund 6s 1962 1,000 t6s assented 1962 86,000 1960 17,000 AChilean Munic Loan 7s a7s assented 1960 28,000 1951 2,000 AChinese Hukuang Ry 5s ACologne (Germany) s f 634s—1950 MiV A O A O F A Colombia (Republic of)— _ „ Oct -Jan Bank 6%s ASinking fund 7s of 1926 ASinking fund 7s of 1927 a6s of 1928. AExtl f g 6s AColombia Mtge s debt Ser A of 1914 7,000 5s 9,000 4)4s external loan 1,152,000 41,000 52,000 2,000 11,000 164,000 121,000 328,000 ext 7,000 8,000 16,000 Sale J Sale J J M S M S "2",000 1,000 27,000 44,000 42,000 2,000 15,000 'Xooo 13*% 16% 14 15 13% 12% 14% 14% Sale 9 15 13% 9% 13% "l5~~ 11% 12% 13% 14% 12% Sale 14% 13% 11% 12% 13% 11% "12% 13% Sale 12 13 Sale 16% Sale MN 13 13% 11% "12% 13% 12% Sale" J D J D 14% 12 14% 12 A O 14% A O 12 Sale 17% 12% 12% uM Sale 17 12% MN 12 15 13 Sale 11 M S "13" 15% Sale 9% 15 11% D 7 13 M S 11 6% 11% J 17% "13" '26" S 15% Sale 12 * 14% M "Sale" 13 MN 62% Sale 94% Sale 92% 84 % 92% 80% Sale 93% Sale 81 81% 5 15% 32 14 30" Sale 9 Sale" 12 10% 6% 11% 19 14 Jan. 10 5 14 Jan. 11 94% Feb. • . 9 7 8 Feb. 8 94% Feb. 85% Feb. 85% Feb. 13 90 7 9 13% Feb. 15 15% Feb. 15 13 Feb. 28 14% Feb. 21 13% Feb. 21 14% Feb. 29 O 30% Sale J o MN F a J D MN F j "26% ::::: 26% 26% 44% 41% A J 1951 1944 MN 1949 F M S a 70% 30 1942 M S 1940 A O 26 30 43 Sale 37% Sale 62% 75 75 99 75 Sale 47% Sale Sale 70% 74 58 Sale 70 57% Sale 100% 102% 13% 13% 67% 31 26 26 Sale 42% 16% 25 100% 100% 103 74 30% Sale 71 71 A O 70% 74 M S 71 534s 1st series 1969 A O 71 72 534s 2d series. 1969 A O 10 ADresden (City) extl s f 7s 1945 M N El Salvador (Rep) 1st s f 8s A—1948 J J 13 15 ACertificates of deposit 42 90 Estonia (Republic) 7s .-1967 J J 40 Sale Finland (Rep of) external 6s 1945 M S AFrankfort (City of) s f 634s 11% 19% 1953 MN French Republic 7 %s stamped. .1941 J D 101% 104 7 34sunstamped 1941 External s f 7s stamped 1949 J D 108 105% 7b unstamped -.1949 2d series sinking fund 5 34s 1940 Customs Adm 534s 2d series..1961 Sale Sale Sale 33% 32% 26% 26% , Sale 26% Sale 39% 40 34% 35 61% 83 Sale ----- 76 21 Sale 13% 13% 63% Sale 51% Sale 42% Sale 71% 72 70 76 70 71 70 70 Sale ~72~" 11 15 15 Sale Sale 13% 13% 54% 41% 36% 71% 71% 71% 71% 71% 71% 7 15% Jan. 4 14 Jan. 19 4 14 Jan. 5 13% Jan. 23 11% Feb. 8 13% Jan. 19 23 12 Feb. 1 29 19 3 Feb. 26 Feb. 21 13% Jan. 12% Feb. 13% Feb. Feb. 26 12 Feb. 2 8 Feb. 15 13% Jan. 29 Jan. 25 5% Feb. 13 Jan. 19 5 Feb. 28 7 Jan. 2 4 Jan. 22 7 Jan. 2 4% Jan. 22 7 Jan. 2 4% Jan. 24 7 Jan. 10 4 Jan. 20 6% Jan. 9 Jan. Jan. 22 12 Feb. 1 4 8 9 7 3 3% Jan. 6% Jan. 4 19 9 Jan. 20 6% Jan. 3 Jan. 6 12 Feb. 12% 11% 13% 11% 12% 11% 13% 11% 15% Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 11 Feb. 6% Feb. Feb. 16 Feb. 26 13% Feb. 12% Feb. 13% Jan. Feb. 23 12 Feb. 12% 11% 13% 11% 12% 11% Feb. Feb. Feb. Feb. Feb. Feb. 13 Jan. 21 Feb. 29 Feb. 23 Feb. 21 Feb. Feb. 7 Feb. 23 Feb. 7 23 16% Feb. 21 12% Feb. Feb. 29 6% Feb. 5 12 30% Feb. 30% Feb. 26% Feb. 26% Feb. 26% Feb. 39% Feb. 33% Feb. 62% Feb. 75 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 13% Feb. 76 1 33% Feb. 21 34 Feb. 21 34 Feb. 9 Jan. 15 Feb. 26% Jan. 39% Feb. 33% Feb. 27 13 27 27 26% 27% 26% 44% Feb. 26 19 42 Jan. Jan. 5 63 Jan. 6 84 102 Feb. 60 Jan. 6 99 Jan. 12 61 Feb. 28 56 Jan. 13 7 103 1 80 Feb. Feb. 6 101 28 74 71% Feb. Feb. 7 70% Feb. 70% Feb. 19 14 21 15 14% 16 14% Feb. 28 15 Feb. 23 43% Feb. 1 71% Feb. 71 Feb. 71 Feb. 71 Feb. 5 Jan. 20 102 1 103 102% Feb. 10 20 6% Feb. J 20% 26 1 102% Feb. 26 100% Feb. 2 102 33% Feb. 21 16 Jan. 19 24 15 Jan. 7 2 2% Jan. 16 17 5 3% Jan. 25 6%!Feb. 21 Jan. 73 1 5 4 26 Feb. 24 Feb. 26 19 17 23 6 27% Jan. 28% Jan. Feb. 21 27 5 15 Jan. Jan. Jan. 14 84 29 22 5 19 Jan. 17 20 26 102 29 Feb. 28 Feb. 28 Jan. 21 2 Feb. 3 8 21 Jan. Feb. 26 17 17 Jan. 101% Jan. 61 Feb. Jan. 104 Feb. 80 28 13 % Feb. 26 26 Jan. Jan. 2 26 28 17 Jan. 12 Jan. 23 13% Feb. 13% Feb. J 26 54 Feb. 28 13% Feb. 67% Jan, 45 Feb. 28 58 36% Feb. 19 48 71% Jan. 31 71% Feb. 20 Feb. Jan. 2 3 7 71 7 71 Feb. 7 3 70 18 71 Jan. 3 1 70% Jan. 70% Jan. 13 71 Feb. 1 13 71 Jan. 9 21 71% Feb. 21 13% Jan. 23 71% Feb. 13% Feb. 21 71% Feb. 10 11% Jan. 3 Feb. 23 13% Jan. 15 16 Feb. 23 53% Feb. 14 48 Jan. 23 53% Feb. 14 Feb. 14 40 Jan. 2 Feb. 14 12% Jan. 102 Jan. 18 12% Feb. 15 16 e50 12% Feb. 15 5 Feb. 29 104% Feb. 12% Feb. 3 9 Feb. Feb. 13 Feb. 29 8 Feb. 7 Feb. Feb. 17 36% Feb. 48 11 26% 27% 26% 43% 39% 62% 23 13% Feb. 26 13% Feb. .26 3 64% Feb. 8 54% Feb. 1 43% Feb. 71 8 Jan. 8 Jan. 4 22 4 2% Jan. 6 10% Jan. 6% Fob. 14 4 6 11% Feb. 13 3 11 6 50 22 105 Jan. 18 18 115% Feb. 3 107 Jan. 27 100 100 112% Sale 108% 25 6 45 Sale 9 10 Feb. 50 45 Sale 43% Sale 11% 19% 11% 14 102 Sale 103% 108 Jan. 88% Jan. 13% Feb. 71% Feb. 13% Feb. 48 43 3 89 27 Feb. 14% 13% 14% 13% 13% 93% Jan. 96% Jan. 27 13% 12% 14% 13% 13% 12% 13% 12% 13 % 12% 13% 54 75 72 27 1 213% Feb. 74 74% 75 26 9 3 10 2 9 Sale Sale Jan. 29 107 Jan. 1 96% Jan. Feb. 12 19 80 Feb. Feb. Feb. Feb. Feb. Feb. 13% Feb. 12% Feb. 13% Feb. 19 20% 101% 105% 102 Sale 102% 2102 % 100 99% 101% 99% 57% 60% Sale 57% Sale 102% 105% 102% 105% 102% 19% 101% 102% 91% 83% 92)4 79% 79% 13% Feb. „ a 93% Feb. 26 101% Jan, 101 7 Feb. 45% Feb. 21 19 Jan. Feb. Feb. Feb. Feb. Feb. 12 17 11% Jan. 97% Feb. Feb. Feb. 13 104% Feb. 12 67 3 Feb. 13% Feb. 12% Feb. 13% Feb. 19 2 17 16 93% Feb. 14% Feb. 11% Feb. 13% Feb. Feb. Feb. 14 14 19 8 66 Feb. Feb. U'Xeb"8 20 14 10% 14% 1334 13% 14% Sale 13% Sale 14% Sale 13% 13% 14% Sale 13% Sale 14% 13% "13% 14% 13% "13% 14% 13% *13% 15% 13% 12% Sale 17% 13% 12% 12% 28% 13% 12% 12% 28% 13% 12% Sale 16% 6534 Feb. 63% Feb. 4 13% Feb. 13 6 Jan. 14 15% Feb. 14% 2 3 40 Feb. 91% 83% 92% 79% 79% 19 45% Feb. 21 42 101 Sale 101 .10% Sale D 63% 65% 45% 16% D Sale 42% 61% 13 13% 16% Sale 61 Sale M S M S MN 1949 f 5Ms 13% 13% Sale Sale A 434s external debt 1977 30-year s f 534s —1953 APublic Works 534s.-June 30 1945 ACz9choslovak (Rep of) extl 8s—1951 ASink fund 8s series B --1952 Denmark 20-yr external gold 6s-1942 External g 534s --1955 External g 434s 1962 2,000 Dominican Republic s 1st ser 534s of 1926 13 17 Sale" F 1961 1961 1947 1946 1947 Copenhagen external 5s 1952 Gold 434s —1953 § ACordoba (City) 7s stamped__.l957 Cordoba (Prov) Argentina 7s—1942 12,000 ACosta Rica (Rep of) 7s 9,000 Cuba Rep of) 5s of 1904 14 9 17 J — 386,000 324,000 2,000 2,000 1,000 72,000 132,000 3,000 45,000 _ 62 61 91% Sale 86% Sale 93% Sale 83% Sale 83% 82% 5 15% 14% 13% - a6s Oct coupon on... AChile Republic ext s f g 7s Sale Sale Sale 102 85 79 112% Feb. 115% 108% 1 115% Feb. 27 110 Jan. 106 Jan. 18 German Gov't International— A35-year 534s stamped ....1965 a534s unstamped 1965 a5%s stpd (Canadian holder).1965 103",666 AGerman Republic 7s stamped. .1949 a7s unstamped 1949 16,000 German Prov & Communal Bks— 200,000 3,000 13,000 a7s part paid aS f secured 6s 15", 066 a6s part paid 22",660 7,000 4,000 6,000 5,000 9,000 D .1964 ...1968 ..1968 Haiti (Rep of) 6s series A —.1952 AHamburg (State) 6s 1946 AHeidelberg (City) extls f 7 %s__ 1950 Helsingfors (City) ext 6%s 1960 Hungarian Cons Municipal Loan— ASecured s f g 734s —1945 ASecured s f g 7s Septl946 AHungarian Land Mtge 7 %s A—1961 AS f 7 34s series B 1961 Hungary 7 34s ext at 434 to 1979 Italy (Kingdom) extl s f 7s 1951 Altalian Cred Consortium 7s B..1947 10,000 Italian Public Utility s f g 7s...1962 50,000 1954 284,000 Japanese Govt extl s f 6%s Extl sinking fund 5Hs....... 1965 162,000 For footnotes see page 30. 11 Sale 8% 5% 8% 7% Sale 11% 11% 25 12% 23% 15% 20% 15% 87% 8% 7% 22% 8 7% F" A AO 12% 23% 16% 18% 14% A O J J 84% 8% 7 A O 24% J MN 6% 6% 6% MN 6% J F A Irish Free State external 5s_....1960 MN 279",660 8% 6 O a(Cons Agric L'n). 6%a ser A.1958 J D AGreek Govt secured 7s -.1964 M2V "2",066 13,000 5,000 J J D M S J J F A MN 8 20% 16 90 10% 30 "8% 9 22% 30 91 94% 70% 70% Sale 53 Sale 79% 60% Sale 75 Sale 7% 7 7% 7% 25% 9% 25 20% ----- 18% 90 10% 10% 8 7% 10% 6 Sale 8% Feb. 5% Feb. Sale 14 Sale 11% Feb. 7% Feb. 8% Feb. 26 10% Jan. 7% Feb. 25 14% Feb. 15 Feb. 20 13% Jan. 20% 17" ""Feb". 18 Feb. ; 14 8% 14% 23% 17% 19% 15% 80% 10% 9% 29 7% 7 Sale Sale 21% 15 Sale 8% 8% 8 30 7% 27% 95 28 91% Sale 70% Sale 70% Sale 52 Sale 79% Sale 74 49% 84% 52 Sale 57% Sale 62 Sale 71 10% Feb. 27 6 Feb. 24 8% Jan. 23 5% Feb. 8 77 21 15% Feb. 29 79 Feb. 20 11 Feb. 26% Feb. 15 17 Feb. 8 8 Feb. Feb. 28 Feb. 16 16% Feb. 24 88 Feb. 10 11 Feb. 15 31 Feb. 14 8% Feb. 28 8 Feb. 19 8 Feb. 15 7% Feb. 7 Feb. 28 8 Feb. 15 28% Feb. 14 Feb. Feb. 49% Feb. 79% Feb. 57% Feb. 1 3 20 1 1 14 74% Feb. 24 72 Feb. 52% Feb. 85 62 6 Feb. 28 Feb. 28 7 Jan. 8 14 Jan. 10 9% Jan. 10 15 Feb. 20 i6"""JanT"l7 18 Feb. 14% Jan. 17 79 Feb. 20 16% Feb. 24 90 Jan, 18 10 Jan. 11 11 Feb. 15 22% Jan, 19 31 Feb. 14 7 Jan. 18 8% Feb. 28 7 Jan. 17 8 Feb. 19 7 Jan. 17 8 30 8 Feb. Feb. 15 7% Jan. 25% Jan. 28% Feb. 14 92 .70 70 9 10% Feb. 27 Jan. 16 9 9 69% Jan. 68 Jan. 17 49% Feb. 20 77% Jan. 25 57% Feb. _ 92 72 Jan. Jan. 76% Jan, 54% Jan. 16 15 9 3 10 3 28 85 Feb. 62 Feb. 28 Sales in S3, BONDS February N. Y. STOCK Value EXCHANGE GOVT FOREIGN S Jan. 2, 1940 A Lower Austria AMexican Irrigation 4 10,000 194o a4s of 1904 1954 M 1954 54 Sale 75 m M 13 Sale 1254 Feb. 6 Sale 75 Feb. 3 M 1933 1 % % 1M % 1M % 1m 1m 1m 1M % 1m Sale 1% ASmall 52 M 34,000 Oslo (City) 4 Ms extl sink fund. .1955 139,000 APanama (Rep) external 5 M s--1953 AExtl s f 5s ser A—-May 15 1963 6,000 AStamped (assented)— —1963 131,000 M 5 D MJV J F A A O F A F A Af S A O F A J D AExternal s f 8s— M N A O MN 4H« assented 9 1 Jan. 9 20 54 Jan. 4 134 Jan. 23 h 54 M 1M Feb. 20 Feb. 19 Feb. 23 Feb. 7 1 Feb. 27 1 17 1 Jan. Jan. 3 3 27 7 54 Feb. 54 Jan. M Feb. 54 Jan. 20 54 Feb. 54 Feb. 1M Feb. 23 % Feb. 27 1M Jan. 22 Jan. 25 Jan. 2 1 Feb. 7 4954 Feb. 13 Feb. 2 1154 Feb. 24 1154 Feb. 26 8 1034 12M 95a Feb. 7 Feb. 23 47 46 "54"" "78"" 86 M 46 Sale Feb. 47 23 6854 Feb. 28 72 11% 654 1254 654 6M 6 78 17 m "1134 17 M Sale 5934 55% Sale 51.% 72 6954 Sale 103 54 104m 10354 105 54 55 m 52 m 77 80 Sale 69. m 6%'" Sale 9M 9M 9M Sale 59 Sale Sale 8% 7m 10 Sale Sale 10 9M 9M 8% • 9m . 7 13% 7m 11 8 7 5% 7 6934 Sale 10m Sale Sale 11 9 10M 9M 9M 854 9% Sale Sale 954 ""8M 7 M /X 854 654 7 M 554 " 9 28 30 Feb. 28 Jan. 93 M Feb. 93 34 Feb. Feb. Jan. 19 Feb. 28 7754 Jan. 73 M Jan. 7654 Feb. 9 59 Feb. 29 73 Jan. Feb. Feb. Feb. 8 75% Jan, 20 80 Jan. 13 20 20 12 Feb. 20 Feb. 24 1 77 Feb. 20 12 55M Feb. 52M Feb. 2 60 2 55M Feb. 27 Feb. 28 69 103M Feb. 77 Feb. 68 Feb. 73 7 10354 26 78 2 ~8T—Feb"—7 Feb. 7 Feb. 2 Feb. 13 73M Feb. 7 Feb" 26 "9" 12 55M 5154 6754 103M 74M 24 68 Feb. 28 Feb 1 Feb. 1 Feb. 26 1054 954 954 854 1554 7M 754 554 Feb: 8 Feb. 28 Feb. 15 Feb. 8 16M Feb. 754 Feb. 17 "8M ----- 754 Feb. 15 Feb. 13 13 11M Feb. 1054 Feb. 14 6 Feb. .1961 D 6,000 APorto Alegre (City of) 8s _.1966 J AExternal loan 7 Ms 13,000 APrague (Greater City) 7 Ms—'..1952 Af N 24.666 APrussia (Free State) exts f 6 Ms 1951 M S ASinking fund gold 6s 1952 A O 20,000 _ 131,000 Queensland (State of) 25-year extl s f 6s 40,000 ext s f 7s._1941 1947 Feb 15 A O F A ARhine-Main-Danube deb 7s ser A '50 M S "91", 656 aRIo de Janeiro 1946 (City of) 8s A O 6 Ms —1953 F A Rio Grande do Sul (State of)— a8s extl loan of 1921 1946 32,000 a6s extl sinking fund gold 1968 74,000 a7s extl loan of 1926 1966 M N 28,000 248,000 AExternal sec — - a7s Municipal loan --1967 J d 3,000 85,000 Rome (City) external s f 6 Ms.-1952 A O 5,000 Alioumania (Kingdom of) 7s—1959 F A AFebruary 1937 coupon paid-----6,000 1953 j"j (City) s f 6s Sao Paulo (City of)— a8s extl secured s f._ 27,000 a6ms extl secured s f 21,000 San Paulo (State of)— ASaarbruecken 7,000 130,000 59.000 264,000 182,000 1,000 7,000 17,000 1,000 9% 9% 11m 11 11 99 m 90 12 m 8 34 14 m 12 11% 11% 101m Sale 91 96 Sale Sale 8M 7m 9 Sale 10M 734 7j4 7% Sale 9m 8M 66 Sale 8 Sale 7m 8m 8m ----- 22 954 9 Vs 854 654 18 7M Jan. 7 Jan. 554 Feb. 16 9m 754 12 M N 8 Sale M N 7M Sale 13 1921 8M 7m 7M a8s external ----- Sale 8m Sale 24 Sale 14 15 14 Af N 11 m 16 Af N 11 12 m D 5 J D 5 8% 7m 15m 954 9m 8m 32 12m 11m 534 41,000 ;y 33,000 External s f 5Ms guar..-. —1961 59,000 1,000 AUruguay (Rep) externals f 8s__1946 AExternal sinking fund 6s 1960 1,000 AExternal sinking fund 6s _ —1964 J 83 m 55 m Sale 55 m M S 39 Sale 36 m A O 56 m Sale 53 m F A 52 M 49 % 4954 "52" Af N 52% 52% 52% 105,000 16",000 1454 12M Feb. 1254 14 12 Sale 101 Sale Sale 90 M Sale 54 Feb. 10054 Feb. 90 Feb. Sale" 8% Sale 954 9M 12M Sale Sale 22 9J4 954 1134 10 M 10)4 1034 5554 954 7M 12 11 8 54 Feb. Sale 754 Feb. 12 954 Feb. Sale 11M 1 234 Sale 9 9M 9M 55M 934 754 Af N 854 Sale 1834 Sale 12 Sale 10M 1054 32 M 9 Sale 86 5 12 9 1979 Af N 43 m 44 m 48% Af N 43 m 44 1978 1978 J 40 m 48 54-4M-4si»% extl conv 4_4^_4 external readj 3 Ms external readjustment - F D A -1984 J J Bank 7s..-1952 A O _ (City of) 6s— A Warsaw (City) external 7s a4Ms assented-3,000 85,000 Yokohama (City) extl s f 6s A Vienna 1952 1958 1958 1961 M N 47 Sale 48 47 ~50"" 49 % 8 39 16 '12 11 10M Sale 1154 11 Sale A 6m F A 6 Sale 5 J D 59 Sale 57 J D 51 Af S 104 7 27 7 24 Feb. 13 Jan. 23 Feb. 26~ 14 20 20 1154 Jan. 3 5 18 16 34 Feb. 754 Feb. 17 7 54 Jan. 634 Jan. 11 Feb. 14 Feb. 23 11M 10 54 12M 12 54 1254 16 3 Jan. 8 Feb. 13 Feb. 15 99 Jan. 16 103 Feb. 7 27 90 Feb. 27 98 Jan. 27 21 Jan. 12 21 Jan. 12 7M Jan. 16 1054 Feb. 28 954 Feb. 20 98 Feb. 10M Feb. 28 954 Feb. 20 1154 1154 1054 9M 57M 954 754 Feb. Feb. Feb. Feb. Feb. Feb. 8M Feb. 854 Feb. 15M 954 954 854 31M 18 1254 1154 5M 434 1354 1254 7 Feb. 19 Feb. 20 Feb. 23 7 Feb. Feb. 10 1 Feb. 1 Feb. 834 754 754 754 55M Jan. 2 Jan. Jan. Jan. Jan. Feb. 16 19 16 9 6 Jan. 2 754 Feb. 27 8 6 9 1134 Feb. 19 11 M Feb. 20 10H Feb. 23 934 Jan. 24 60M Jan. 2 9 34 Jan. 10 754 Feb. 1 754 Jan. Jan. 17 1054 Feb. 24 9 34 Jan. 24 Feb. ,26 13M Jan. 12 19 Jan. 17 12 34 Jan. Jan. Jan. Jan. 16 113-8 Feb. 11 Feb. 19 Feb. Feb. Feb. Feb. Feb. Feb. 3 1054 Feb. 24 9M Feb. 26 12M Feb. 1154 Feb. 15 8 19 Feb. 19 3354 Feb. 18 Feb. 15 11 7 7M 7M 2154 17M 6 1154 Feb. 23 7 1154 Feb. 554 Feb. 10 Feb. 1154 Feb. 5M Feb. 13 8 17 10 "6 2 Feb. 26 Feb. 15 19 16 34 Jan. 19 27 11 18 Jan. 18 11M Jan. 11M Feb. 8 13 Feb. 7 12 Jan. 8 5 Jan. 13 5X8 Feb. 10 5 Jan. 15 5 Jan. 15 1554 Jan. 15 M 87 M z85M Feb. 2 87 Feb. 16 56M Feb. 38 Feb. 2 58M Feb. 7 9 40 Feb. 24 1 5754 Feb. 28 a59 Feb. Feb. 29 a59 59 Feb. 26 Sale 77 57 58 Sale 38 M 40 Sale Sale 62 M a59 63 Sale 59 53 59 9 1554 Jan. 9 Jan. 24 24 31 58 M Jan. Feb. 40 57% Feb. Jan. 15 87 5534 Jan. 15 37 Jan. 25 53 85 8 9 28 Feb. Feb. 29 83 Jan. Jan. 18 53 Jan. 18 26 52 Jan. 10 59 Feb. 26 59 Sale 50 48 M Sale 52 M 42 4854 Feb. 53M Feb. 29 44J4 Jan. 9 5334 Feb. 29 51M 52 60 50M Feb. 20 51 Feb. 23 3 51 14 51 Feb. 16 16 51 49 Feb. Feb. 4354 Jan. 43 54 Jan. 1 53 Feb. 27 46 Jan. 16 53 51 49 Feb. 21 51 Feb. 24 43 Jan. 25 854 Jan. 26 51 Feb. 8 54 Jan. Sale 42 M 51M 50 Feb. 23 Feb. 16 Feb. 27 38 43 M 49 854 5M 854 5% F Feb. Feb. 16 39 4534 13 1254 Feb. 1254 Feb. 24 103 Feb. 1937) 1979 8 Jan. 23 13 22 16 15 m 88 954 9M 9 12 13 19 1937) External conversion Venetian Prov Mtge 12 M 12M 5 12 A 3 ~ii% 1754 1654 A 12,000 10,000 1054 Feb. 9M Feb. 10 13 854 Feb. 26 654 Jan. 16 Feb. 26 Jan. 17 10 "13"" 11 9 Jan. 15 16 Jan. Jan. "9 10 Jan. 10 34 Feb. 10 34 Jan. 1034 Jan. 8 8M Jan. 754 Jan. 1154 Jan. n 1957 a7s extl water loan a6s extl dollar loan 354-4-434% (S bonds of External readjustment 3 54-4-4 M% ($ bonds of 10 Sale i 24.000 285,000 10J4 19 7M 10 10 M 10 11 1952 1936 —1950 1956 1968 ASec s f g 7s 1940 A Saxon State Mtge Inst 7s.-.--1945 fund gold 6Ms.Dec 1946 Serbs Croats & Slovenes (Kingdom) a8s secured external 1962 a7s series B sec external 1962 ASilesia (Prov) extl sink fund 7s. 1958 a4ms assented 1958 ASilesian Landowners Assn 6s—1947 *a8s extl loan of 8 7m 1054 28 Jan. 26 60 55 M Jan. 31 20 73 Jan 7 105 M Feb. 4 78 Jan. 2 74% Feb. / Sale 89 1%-Jan: 13 3 9 54 Jan. Feb. 14 5 Feb. Feb. 13 26 Feb. 10M 9M 954 854 . 23 85 76M Feb. 12 23 61 72 59 Feb. 68 Feb. 28 Feb. 29 61 85 7 14 o M Feb. 9 28 85 Sale 6154 Sale 90 10 Feb. Sale 70 Feb. 27 13 28 8654 47 8034 Feb. 78 Feb. Feb. Feb. Sale 47 19 10 Feb. Sale 20 93 M Feb. 93 M Feb. 77 Feb. 78 Sale Jan. Jan. 1 85 67 5 44 40 Feb. 80 6934 8M Jan. 23 9 Sale 92 1154 Feb. 24 1154 Feb. 26 23 89 Sale 3 5334 Jan. Feb. 28 Sale Feb. 00 90M Feb. 47 80M Feb. 27 Sale Sale 47 83 90 34 66 H 76 34 19 10 Sale 7 34 19b8 | 9o0 1963 12m Jan. Feb. 48 92 80 14 M Feb. 15 77M Feb. 23 1 Sale 89 10634 8 Feb. 20 72 54 71 71 Jan. 30 19 17% Jan. 12 M Jan. 1 75 103 m 70 D Af N 18 Sale Sale 80 12M Jan. 72 11 Sale Sale 14M Feb. 15 7754 Feb. 23 49 % Sale 17m J 10 "54"" 58 m 52 % 1947 — l\y' 12 19 48 41% 89m Sale 57 m 52 1940 1958 assented 38 m 80 m "16"" , 4 Ms 4?B A F 9m Sale 40 Af S 28,000 APernambuco T^tate of)' 7s I0|7 W's M S 21,000 APeru (Rep) Sec s f g 7s -----r-19o9 ANational loan ext s f 6s 1960 J D 305,000 ANatiorial loan ext s f 6s 1961 148,000 1,000 APoland (Rep of) g 6s 4Ms assented AStabilization loan 7s "3", 665 8m 7% 48 m Sale Jan. % 1m I'm Sale Prices Sale Prices 12M Jan. 15 6 17M Feb. 1 M 1M 1m 17 1 Highest Lowest Sale Prices Sale Prices 15% Feb. 76 m % ASec extl s f 6 Ms 1959 49,000 1,000 AMontevideo (City) 7s 1952 a6s series A ---1959 1,000 69,000 New South Wales ext s f g 5s-_-1957 External s f g 5s —1958 31,000 117,000 Norway 20-year ext s f 6s 1943 138,000 20-year external s f6s.1944 External sinking fund 4 Ms—1956 363,000 External sinking fund 4Ms—1965 519,000 4s sinking fund extl loan 1963 465,000 3.000 Municipal Bank ext s f 5s.—1970 1,000 ANuremberg (City) external 6s_-1952 1953 94.000 Oriental Developments 6s External deb 534s ---1958 48,000 1,000 8,000 Ask 17 M 15 7 ' A O 100,000 Milan City (Italy) ext loan 634s. 1952 Minas Geraes (State of, Brazil)— ASec extlsf 6Ms 1958 Af S 56,000 3,000 13 M 74M Sale 1 RANGE SINCE JAN. Highest Lowest Feb. 29 11% 1034 1 M 34 1943 £-1945 AAssenting 5s of 1899 a Assenting 5s large AAssenting 5s small * 15M 75 1 Ms gtd—1943 AAssenting 4s of 1904 AAssenting 4s of 1910 largeAAssenting 4s of 1910 small. * ATreas 6s of ' 13 assent (large) 8,000 3,000 21,000 4,000 18 10?4 8 10M 70M 1954 - 17 M 11% 1954 a4hs stamped assented AMexfco (U Sf extern 5s 1899 | 1 Ask Bid Bid 20 14 (Prov) 7 Ms,—r1950 26,000 AMedellin (Colombia) 634s 25,000 Mendoza (Prov) 4s readj Feb. Ask Bid (Concluded) 11,000 iJugoslavia (State Mtge Bk) 7s.1957 iLeipzig (City) external s f g 7s. _ 1947 . PRICES IN FEBRUARY Price ll 21 EXCHANGE—BONDS N. Y. STOCK March, 1940] Feb. Feb. 15 56M Feb. Feb. 29 5 Sale 615! Sale 5 24 5 7 34 Jan. 3 6134 Feb. 29 Feb. 56M Feb. railroad and industrial companies 18,000 ♦jAAbitibi Pow & Paper 1st 5s__1953 1948 3,000 Adams Express coll tr g 4s Collateral trust 4s of 1907 1947 2,000 4 Ms stamped 1946 17,000 1952 10,000 Adriatic Elec Co external 7s Ala Gt Sou 1st cons 5s ser A----1943 First cons 4s series B -1943 44.660 6,000 Albany Perforated Wrap Pap 6s_1948 6s with warrants assented 1948 7,000 ;1946 28,000 Albany & Susq 1st guar 3 Ms 190,000 Allegheny Corp coll tr conv 5s-_1944 Collateral and convertible 5s--1949 83,000 259,000 -.-1950 1998 .1942 ^Allied Stores Corp deb 4Ms—1950 12,000 4mb debentures 1951 108,000 a5s stamped 17,000 Allegh & West 1st g guar 78,000 Allegh Valley gen gu 4s 159,000 3i"o",666 139.000 65,000 409,000 270,000 144.000 8,000 39,000 4s 1952 AAlpine Montan Steel 7s 1955 Amer & Foreign Power deb 5s—2030 American I G Chemical 5Ms—1949 Amer Internat Corp conv 5 Ms_.1949 American Telephone & Telegraph— 20-year sinking fund 5 Ms 1943 3 Ms debentures 1961 3 Ms debentures 1966 Am Type Found 6 f debs 2M-5s .1950 Amer Water Wks & El 6s ser A-.1975 Allis-Chalmers Mfg conv 4s For footnotes, see page 30 53 Sale J D 102 F A 108 % 67 Sale 107 52 107 m 58 A O J D J D A O 83 54 M 60 85 F 76 m 68 A 41 A 59 74 m 108" 53 M Sale Sale 61 Feb. 104 10854 108M Sale 108 % 108 M 108 101 Af N 103 104 m Sale m n 109 Sale A O D 108 % 108 % Sale 3 J J UN 60 102 Sale 100 M Sjale J 107 M Jan. 104 l5oIM Sale 96 Af S Sale 105 m 106 10734 108 m Sale Sale 31 Sale 8554 11% Sale 54M Feb. Jan. 23 5 23 28 53 Jan. 25 61 Feb. 28 85 Jan. 2 87 Jan. 18 76M Jan. 6634 Jan. 22 80 M Jan. 30 15 7054 Jan. 45M Feb.' 5 5 17 6234 Feb. 14 29 106 M Jan. 2 101 M Jan. 10 41 Jan. 59 Jan. Feb. Feb. Feb. 8 10554 Jan. 5 100 7 Feb. 8 9454 Jan. 16 97 109M Feb. 20 111 17 M 17 M Jan. 20 6454 61 Jan. 12 Feb. 14 Jan. 8 102 Jan. 103 Jan. Sale Sale 10854 Feb. 29 10854 Feb. 10854 Feb. 27 109M Feb. 8 Feb. 9 Feb. 10554 Feb. 10754 Feb. 26 109 Feb. Feb. 10 Feb. 23 Feb. 27 2 Feb. Feb. 14 21 108 8 6 2 2 Jan. Feb. 104 24 60 15 104M Feb. Feb. 5554 Jan. 27 103 103% Feb. 15 2 10454 Feb. 16 10354 Jan. 15 10854 Jan. 31 80 M Feb. 23 109 3 108 104 Sale Sale 105 M 10554 105M 108 108 M Sale 108 Sale 10854 Feb. Feb. 103 M 106m 100 1?^ Jan. Feb. Sale 106 O 31 Jan. Jan. 102 58 Sale "43"" 6654 44 M 68 Sale Sale 104 Feb. 103 Sale 110m 13 m 63 m 51 Feb. Feb. 108 Sale 77 54 A J 55 10754 Feb. 60 54M Feb. 53 Feb. 70M Sale 8554 Feb. Sale 86 M F S 108 °16M 6254 79 m 85 M Feb. 107 M Jan. 70 Jan. 109 Jan. 86M Sale 7954 77M Feb. 68 Feb. Sale 7054 42 M 40 M 41M Feb. 23 45M Sale 62 Feb. 14 62M 62 106M 10554 Feb. 17 106M 106 101 100M Feb. 21 101 100 9454 Feb. 20 9654 96 M Sale 109M Feb. 20 Ill 11054 Sale 31 16M 62 Feb. Sale 63M 62 Sale A Af Sale 109M 107 % 58 Af S m s 52 M 104 109 A J ----- 5l54 Feb. 28 55 6 10454 10454 Feb. 102M Feb. 21 102M 9954 13 108 10754 108M 10754 10854 107M Feb. 70 Feb. 23 80M 70 66 81 70 53 104 % 102 M 9 13 106M Feb. 24 10834 Feb. 26 Jan. 3 4 Feb. 8 Jan. 20 Jan. 5 Feb. 15 104 20 104M Feb. 21 10834 Feb. 29 10934 108 Jan. 26 10954 10754 Jan. 24 109 105M Feb. 13 107 107 Jan. 2 16 109 Jan. Jan. Jan. Jan. Jan. 8 2 12 5 11 5 22 n. y. stock; Sales in ?! February BONDS Value N. Y. STOCK EXCHANGE Price $ Bid 77,000 Anaconda Cop Min s f deb 4 Ms-1950 A O Anglo-Chilean Nitrate— 28,000 ASinldng fund income deb 1967 Jan 11,000 tAnn Arbor 1st g 4s July 1995 Q J 11,000 Ark & Memp Bdge & Term 1st 5s '64 M S 281,000 Armour & Co 4s s f ser B (Del)-.1955 F A 163,000 1st M s f 4s ser C (Del) 1957 J J Atchinson Topeka & Santa Fe— 339,000 Gen g 4s 1995 A O 13,000 Adjustment g4s_.__. July 1 1995 Nov 119,000 Stamped 4s July 1 1995 MN 5,000 Conv g 4s of 1909 1955 J D 12,000 Conv g 4s of 1905— D 1955 4,000 Conv g 4s of 1910-D 1960 234,000 Conv deb gold 43*s D 1948 25,000 J Rocky Mtn div 1st 4s A__ 1965 32,000 Trans-Cont Short Line 1st 4s gl958 J J 23,000 Cal-Ariz 1st & ref 4 Ms ser A..1962 M S Atl Knox & No 1st g 5s 1946 J D 8",000 Atl & Char Air Line lst4Ms A—1944 J J 8.000 1st 30-year 5s ser B J 1944 J 161,000 Atl Coast L 1st cons 4s July 1952 M S 105,000 General unified 4 5*s series A— 1964 J D 39.000 10-year coll trust 5s—May 1 1945 MN L & N coll at gold 4s 99,000 Oct., 1952 MJV 28,000 Atlantic & Danville 1st g 4s_ —.1948 J J Second 4s 26,000 1948 J J 17,000 Atl Gulf & W I SS Line coll tr 5s. 1959 J J 48,000 Atlantic Refining deb 3s 1953 47,000 t*AAuburn Auto conv deb 4MS-1939 12,000 Austin & N W 1st g 5s guar 1941 2,000 Baldwin Loco Works 5s stpd 1940 248,000 JBalt & Ohio 1st mtge g 4s_ July 1948 70,000 1st mtge g 5s July 1948 145,000 Certificates of deposit-J_ ARef & gen 5s series A 251,000 1995 ACertificates of deposit 291,000 ARef & gen 6s series C 277,000 --.1995 ACertificates of deposit 192,000 ARef & gen 5s series D1 1217000 .2000 — — 94,000 185,000 139,000 26,000 19,000 19,000 13,000 ACertificates of deposit— ARef & gen 5s series F M S 49 M 45 Sale 95 96 98 34 M 37 M Sale 98 M 1005* Sale 99M Sale 106 102M Sale 100M Sale 107 5* 108M 99 95M 99M 76 61 75 62 39 64 M M Sale 32 Sale J 29 Sale r~£> 30 M Sale 30 28 M Sale MS 28 M 28 M Sale 29 29 Sale 1996 M S Sale 2.000 Battle Creek & Sturgis gu 3s 1989 Beech Creek Exten 1st g 3 Ms—-1951 57", 000 Bell Telephone of Pa 1st 5s B 1948 First & ref 5s series C 37,000 1960 35"" il5M 133 Belvidere Del cons gtd g 3Ms 1943 10.000 ABerlin City Electric deb 6Ms—1951 ADeb sinking fund 6 Ms 1,000 1959 Sale 102 13 13 H 13 ADebentures 6s 1955 Berlin Elec Elev <fc Undgrd Rys— Alst 6Ms2,000 _■ 1956 410.000 Bethlehem Steel 4Ms series D—1960 11,000 Cons mtge 3 Ms series E 3 Ms s f conv debs i 8* si* 13 M 107 M "29" 22 Sale M JV 38M 2,328,000 213.000 87.000 15,000 Certificates of deposit 1st 5s stamped 185,000 51,000 133,000 O 195° gu g tACent of.Ga Ry 1st 52,000 10,000 9.000 108 108 M 41 39M 38M Sale 9 5M 4M 6M 62 69540 M 42 53 M 51M 103 h Sale 83 M 85 103 M Sale M S J J 113M J J J 194s J F g 5s._Nov 1945 AConsol gold 5s -.1945 ARef & gen 53*s series B 1959 ARef & gen 5s series C 1959 AChat Div. pur money g 4s._.1951 AMacon & Nor Div 1st g 5s—.1946 AMiddle Ga & Atl Div pur m 5s '47 AMobile Div 1st g 5s Central gen g 5s. For footnotes see page 30. 20 41 Feb. 7 25 M 27 M Sale 25 M 25 M Sale Sale 14 Sale Sale 13 14 55 Sale 57 Sale 54 Sale 48 M 48 M 53 Sale 46 M 99 M 100 65 J* 67 Vs 45 38 D A 1987 1987 1962 Sale 57 14 M 8M 73 69 109 3* 87 M 22 Sale Sale Sale Sale Sale Sale 45 Sale Sale Jan. 26M Jan. 26M Jan. 22 32 29 24 Jan. 30 31M Feb. 29 M Feb. 24 Feb. Jan. 30 24M Jan. 24M Jan. 30 29M Feb. 29 M Feb. 29 29M Feb. 25M 28 H 25M 25M Feb. Feb. Feb. Feb. 29 26 H Feb. 28 28 28 % Feb. 28 28 25 M Feb. 26 Feb. 28 26 18M Jan. 4 26 18 3 24 24 61M Jan. 5 Feb. 28 58 M Feb. 57 M Feb. Jan. 3 45 M Feb. 45 Feb. 1 54 29 Jan. 29 Feb. 28 59 43 M Jan. 19 41M Jan. 19 9 49M Feb. 48M Feb. 29 Feb. 1 54 2 49 M Feb. 48 M Feb. 29 56 M 53 Feb. 1 Feb. 23 26 99 H Feb. 2 55 59 H 59 H 96M Feb. 59 M Feb. 20 64 M Feb. 66 M Feb. 7 7 60 45 Feb. 7 45 20 117M Feb. 1 133 M Feb. 9 23 115M Jan. 131M Feb. Feb. 29 17 15% Feb. 15% Feb. 15 29 15M Jan. 14M Jan. 15 16 Feb. 26 Feb. 7 53 58 Jan. 2 96M Feb. 26 101 59 H Feb. 20 70 Jan. 16 Jan. 2 13 Feb. Feb. 26 72 Jan. 7 45 Feb. 14 M 22 159* Sale 14 H 106% Sale 105 M 108 Sale 100 H Sale Sale 89 75 Sale 10 Sale 75 M 109 M 101 M Sale Sale Feb. 7 117M Feb. 133M Jan. 9 Feb. 9 Feb. 15M Feb. 15 Feb. 27 15 16 19 Feb. 29 15 M Feb. 10 15M 106% Feb. 28 107 105 Feb. 26 105 M 1 109 % 106 M Feb. 100M Feb. 26 101 % 109 M Feb. 23 109 M 44 M Feb. 8 46 8 44 M Feb. 46 M 44 M Feb. 28 46 * 9 Feb. 73 69 Feb. Feb. 109 Feb. 87 H Feb. 19 1 9M 90 Feb. 10 Feb. 6 Feb. 2 Feb. 21 Feb. 14 Feb. 23 Feb. 1 Feb. 1 Feb. 3 Feb. 7 17 Feb. 1 75 M Feb. 2 110 Feb. 2 101M Feb. 1 90 Feb. Jan. 4 16 155* Feb. 15 155* Feb. 29 Feb. 10 J5M Feb. 10 Feb. 28 108 M Jan. 10 2 105M Jan. Jan. 11 Jan. 23 1095* Feb. 21 2 101H Feb. 14 Jan. Feb. 23 109M Feb. 23 Jan. 4 Jan. 15 48 Jan. 4 Jan. 16 48 Jan. 4 Jan. 15 47 9 Jan. 15 4 93* Jan. 5 Feb. 17 90 66M Jan. 15M 106% 104 M 104% 100M 109M 41M 41M 40M 17 62 7 28 109 Jan. Feb. 83M Jan. 3 75M Feb. 2 110 Feb. 30 101M Feb. 30 90 Feb. 17 7 28 Sale 45 Feb. 1 84 Feb. 29 39M Jan. 5 84 Feb. 29 45 M Sale 42 M Feb. 54 M Feb. 3 46 Feb. 20 38 Jan. 2 46 Feb. 20 85 Feb. 19 46 Jan. 5 85 Feb. 99 h Sale 50 M Feb. Feb. 21 44M Feb. 88M Jan. 14 Sale 44M Feb. 89M Feb. 16 89 M 89 Sale "50" 1125* Sale 112M 113 86 112 85M Feb. 88 H 89 112 H 112 Feb. Feb. 14 14 1 100 1 92 27 113 16 14 87 Feb. 1 112 108 37 M 37 5M 5M 68 M 40 52 Sale 38 M 37 M 7 6 5M Sale Sale 7 5M 37 M Feb. 37 Feb. 68 M 44 H 40M Sale 5M Feb. 68M Feb. 40M Feb. 58 58 Sale 53 Sale 102 Sale 99 M Sale 1015* Sale Sale 68 103 81 % 98 M 100 Sale Sale Sale 15 39M Feb. 13 83 % Sale 86 M 85 Jan. 98 Feb. 8 Feb. 16 103 M Jan. 100 Feb. 5 100 Feb. 7 101M Feb. 19 1063* Jan. 23 107 M Jan. 6 101 7 7 99M 97 M 97M 110M 60 M 80M Sale 96 Sale Sale 16M 27 M Sale 11K 7 M 6M Sale 2 M 2 M 3 8 2H 10 5 7 5 8 5 8 7M 6M 4M 7 4 M 7 6M 4M 6M 95 76 M 98 79 97M Feb. 27 101 M 97M Feb. 20 ioom 1 113 110-M Feb. 1 63 M Feb. 66 M 83 M Feb. 3 87 101 Feb. 27 105 Vh 81 M Feb. 23 84 Vs 1 73M Feb. 77 M 1 Feb. 19 107 Feb. 9 Feb. 13 Feb. 27 Feb. 5 Feb. 13 Feb. 14 Feb. 23 108 Feb. 9 9 17 22 Jan. Feb. 23 105M Jan. Feb. 27 1033* Jan. Feb. 20 103 Jan. Jan. 19 113M Jan. 8 Jan. 66 M Feb. 3 Jan. 87 Feb. 101 Feb. 27 108M Jan. 8 79H Jan. 84 H Feb. 70 Jan. 3 77 M Feb. Feb. 108M Feb. Jan. Feb. 97M Feb. 13 94M Jan. 24 109M Jan. 29 97M Feb. 86M Feb. 16 M Feb. 89H Feb. 17 M Feb. 14 20 86 M Feb. 26 8M 30M 6M 25* 2M 10 96 109 13 27 11 13 14 23 95 98 70 75 6M Feb. 2% Feb. 2M Feb. 19 6M Feb. 5 16 3 Feb. 8 14 2M Feb. 9 Feb. 16 8 Feb. 16 8 13 76 9 11 20 9 2 18 3M Jan. 3M Jan. 4 6M Jan. 11 Feb. 16 5 Jan. 5 Jan. 5 95 Jan. 3 Jan. 11 95 M Jan. 77 Feb. 13 76 Feb. 77 Feb. 2 107 Feb. 5 111 Feb. 16 110 47M Feb. 9 44 ISM Feb. 9 16 Feb. 1 108M Feb. 1 106 M Jan. Jan. Feb. Feb. Jan. 90 M Jan. 17 5* Feb. 30 M Jan. 73* Jan. 107 M 106M Feb. 111 110M Feb. 110M "46 M 44M Feb. 44 41M "46 M 18 H Sale 17 M Sale 16M Feb. Sale 16 15 13 M 15 Feb. 108 H Sale 106 H 107 Vs 106M Feb. 108 Feb. 28 12 50 3 M 106 3 12 Sale 16 100M Feb. 19 102 M Feb. 23 105 Feb. 19 104 H Feb. 3 31 Sale Sale 2 10 Jan. 2 5M 14 3 23 21 26 Jan. ■ 1 103 M Feb. M Feb. Feb. 80M Feb. 28 84 2 19 16 21 6M Jan. 69 H Jan. Feb. 14 44 Jan. 3 Jan. Jan. 22 60 Feb. Jan. 29 104J* Jan. 14 29 Feb. 16 48 Vs "86 M 22 M 10 7 5 68M 40M 515* 102M 80M 98 108M 109 33 2M 40 5 14 Sale 96 23 Jan. 17 Sale 89 35M Jan. 5M Jan. 16 75 M 96 M 24 Feb. Sale 110 10 1083* Jan. 41 Jan. Jan. 60 Sale 42 973* Feb. 3 106M Feb. M Jan. 23 112 68 M Feb. Feb. 70 M 102 M 82 50 20 Feb. 5 2% 2% JVs Jan. 25 114 13 ~6M 8 13 92 Feb. Feb. 27 113 3* Jan. 109 M Feb. 36 39M Feb. Feb. Jan. 111M Jan. 93M Jan. 105 50 H Feb. 15 100 Feb. 110M Sale 65 M Sale 52 M 87" Jan. 108M Jan. Sale 102 M 84 108 H 95 M 82 Feb. 113 M 113M 96 H Sale 106 M Sale 8 114 112M Feb. Feb. 23 Sale 94 5 93H Feb. 97 Vh Feb. 21 Sale 106 1 106M Feb. 26 105M Feb. 110M 112 M 109 H 109 M 109M Feb. 23 110M Feb. 7 43 Sale 29M Feb. 29M Feb. Sale 82 H 74 M Sale 30 87 M 84 60 Sale 30 Jan. 21 27 3 44 M 85 713* 16 70 24M Jan. 24 Feb. Feb. % Jan. 70'M Jan. 70 M Jan. 4 Feb. Sale 18M 16 56 M 4M 4M 109 M 24 Jan.' 9 24 14 98 M 98 Sale Jan. 66 87 Feb. 13 M Feb. 54 Feb. Sale Sale 13 67 12 7 Jan. Jan. 28 101 97 J 46 M 64M Jan. Jan. 4 Feb. 9 82 3 Feb. 20 41 100 M Feb. 55 J 110 3 64M Jan. Feb. 28 38 4 Jan. Jan. 1 101M Feb. 93 100 76 M 100 109 76 70 9 101 Feb. 99M Feb. 23 102 M Feb. 108 62 28 Feb. Sale 7 28 5 15 Feb. Sale 10M 53 M Feb. 71 Feb. 25 16 Sale 33 Sale Jan. Jan. 95 Jan. 96 M Jan. 77 Jan. 8 43 73 8M 30M 74 16 17 15 H Feb. 99 M 11* 25 114 IW* 26 101M 101M Sale Jan. 93 M Feb. 94M Feb. 96 109 86 105 92 Feb. 23 100 M Feb. 5 109M Jan. 2 110M Feb. 21 107 Jan. 16 108 M Feb. 3 26 55 60 50 35 45 84 Vs 83 H 70 116M 116 M 116 116M 117 133 M 133 M 131M 131M Sale 105 M 105 M Sale 16 145* "29" 15M Sale 88" 10 100 21 28 19 29 26 Sale 108M 109 Feb. Feb. 14 Sale Sale 93 M Feb. 95M Jan. 2 103 5* 20 15 23 13 H Feb. 54 Feb. 104 Sale 2 4 88 M Feb. 92 Jan. 28 29 103 Sale 11 Jan. 101M Jan. Jan. 87 M Feb. Feb. 103 M Sale 2 27 28 28 101H 99 M 99 M 110M 63 M 3M Sale 3M Sale 9 55* J M 28 25M Feb. 28 25M Feb. 29 28 107 20 32 Jan. 2 34M 69 M Feb. 17 71M 105M Feb. 29 107 M 43M Jan. 23 54 M 26 H Feb. 28 H Feb. Sale MiV O Sale 29 Sale A A 29 M 25 M Feb. 28 M Feb. 3 15 30 30 70 Sale 79 M 1946 J AGeneral 4s__ 14,060 20.000 Central N Y Power 3 Ms Feb. 28 45 M 44 M 80 M 12* 26 Central mtge 5s_.. 4,000 1941 M 14,000 Cent Hudson G & E 1st & ref 3 M '65 M S 20,000 Central Illinois Light 3 Ms 1966 A O 47,006 t ACentral New Eng 1st guar 4s.. 1961 103,060 jACentral of N J 70 Feb. 5 Jan. Jan. 2 101M Jan. ' 107 M J Foundry 1st mtge 6s.-.1941 M - 61 D J 4s_.1949 90 Sale Sale 103 M 103 12.000 Caro Clinch & Ohio 6s ser A D 1952 57,000 Carriers & Gen Corp deb 5s w w_1950 MN Carthage & Adir 1st gu g 4s 1981 J D 58,000 Celotex Corp deb 4 Ms w w 1947 F A 4,000 ACent Br Un Pac 1st g 4s 2 38 52 Sale Sale 107 M 105 M M S 47 M Sale 1970 J 40 M 95 M June 15 1955 — Sale 112M Guaranteed g 5s t ACarolina Central 1st 66 % Feb. Sale 3 34 M 35 M 33 32 M Feb. 5 9 34M Feb. 68 M 71 70M 69M Feb. 17 70 M Feb. 27 Sale 105M Sale 105M Feb. 29 106 M Feb. 15 Sale 105 M Guaranteed g 5s Guar gold 4 Ms - 65 64 112M Sale 106 M 107 M Guaranteed gold 4Ms— 1956 Guaranteed gold 4Ms 1951 118,000 Canadian Northern guar 6 Ms 1946 296.000 Canadian Pac 4% deb stock.... Collateral trust gold 4 Ms 62,000 1946 5s equip trust ctfs 121.060 1944 Collateral trust g 5s 114.000 1954 Collateral trust 4Ms120,000 I960 28.000 86 H 113M _Julv 1969 --..Oct 1969 188.000 298.000 Sale 9M 89 1955 68,000 Bush Term Bldgs 1st 5s gu___--1960 133.000 Calif-Oregon Power 4s. 1966 14.000 Canada Sou con gu 5s ser A 1962 206.000 Canadian Nat gold 4 Ms 1957 Gu iranteed gold 5s 69 M 39 93* A 5.000 196.000 3 Sale 1950 F 1st 5s. .1934 A ACertificates of deposit 8.000 Bush Terminal Co 1st 4s. 18.000 Consolidated 5s Feb. 45 H 44 M 43 5* 40 ACertificates of deposit *t ABurl Ced Rap & Nor 75 46 M J 32.000 Buffalo Gen Elec 4Ms ser B-...1981 F A Buffalo Niagara Elec 3'Ms ser C.1967 J D 93,000 t ABuff Roch & Pitts cons 4Ms. -1957 MN ~ 28 Sale 1941 J 74,000 Brooklyn Union Gas Co 1st g 5s 1945 MN 1st lien & ref 6s series A 38,000 1947 MN Debentures gold 5s 193,000 1950 J D 1st lien & ref. 5s series B 122,000 1957 MN 123,000 28 Feb. 46 M 45 M 38 Certificates of deposit 3,000 470.000 Brooklyn Union El 1st 5s 106,000 Certificates of deposit-- 53 M Feb. 71 Sale 59 3 Sale Sale 10 21 Feb. Sale Sale 62 Fen. 54 45 M J 5 71 Sale A Feb. Sale 46 F 29 23 Sale J Feb. 114 44 M 45 M 435* 8M 95 Jan. Jan. Jan.. 23 91M Jan. 76 M Feb. 57 M Feb. 57 M 92 19 21 33 57 99M Jan. Feb. Sale 15 h 153* Feb. 6 40 Feb. 1 50 Jan. 30 98M Jan. 9 101M Feb. 29 Sale O . 92M Feb. 27 93 M 95 M Feb. 21 95 M 7 103 H 102M Feb. 100 Feb. 23 100M 109M Feb. 13 110M 7 108 M 107 % Feb. 15 1 Feb. Sale A 1 88 M Feb. 92 Feb. 75 101M §53* 84 97 M 97 29 Sale 109 MN 2.242,000 85M Jan. 85M Jan. Feb. 86 M Feb. 92 Feb. 75 109 Sale 20 86 Sale 77 M Sale 1959 109 M 103 M Feb. 5 1944 MN 9 6 Sale 67.000 28 106 M Feb. 28 87 M Feb. Feb. Sale Ms series JJ 1961 t ABoston & NY Air Line 1st gu 4s '55 Brooklyn City RR 1st 5s .1941 Certificates of deposit Bklyn Edison cons mtge 3 Ms 1966 Bklyn Manhattan Transit 4Ms. 1966 Certificates of deposit Bklyn Queens Co & Sub gtd 5s_.1941 103M Feb. 95 106 % 1st g 4 Sale 16 105 M 106 M Boston & Maine 1st 5s ser AC..1967 M S 1st mortgage 5s series II 1955 MN 1 6 94M 14 5* 110M 27 101M Feb. 28 101M Feb. 100 Sale 100M Feb. 100M Feb. Feb. Sale 1952 Cons mtge 3 Ms ser F Big Sandy Ry 1st mtge 4s 98 95 104M Sale 107 M Sale 100 M Sale 1966 45 8 .14 M 239,000 637,000 470,000 2,000 360,000 198,000 177,000 16,000 131,000 197.000 34 9 2 93 M Feb. 94 M Feb. D 11* 11* 28 Feb. 46 M 52 M 2 51 47 Feb. Feb. §2™ Feb. 80 M 89 85 M 85 H Feb. 20 86 87 100 ys 102 1002S32l02 100M Feb. 28 100M Feb. Sale 66 65 M Feb. 28 66M Sale 67 % Feb. 67 M Sale 68 68 68 Vs Feb. 67M Feb. 27 1 70 67 66M Sale 66M Feb. 68 H Feb. 25 Sale 1 24 M Feb. 29 M Feb. 25 Sale 1 29 M Feb. 24% Feb. 1 27 M Sale 27 M Feb. Feb. 32 27 M Feb. 27M-SaLe_. 31M Feb. 24 M 2 29 M Feb. 26 25M Feb. 25 Sale 1 25 Feb. 29 M Feb. 1 25 Sale 25 Feb. 29 M Feb. 25 Sale 25 Feb. 29 M Feb. 29 M AConvertible 4Ms— 304,000 18 1960 F A Sale ACertificates of deposit-. 392,000 Sale PLE&W Va Sys ref 4s 37,000 1941 M N Sale 14,000 Certificates of deposit 58 So'western Div 1st mtge 5s 71.000 1950 Sale Certificates of deposit 140,000 44 Sale Toledo Cinn Div ref 4s A 45,000 1959 58 Sale 17,000 Bangor & Aroostook RR 1st g 5s 1943 100 m 101 Con ref mtge gold 4s 23,000 1951 Sale 70 4s stamped11,000 1951 Feb. Feb. 94 5* Sale 66 M Sale Prices 17 107M Feb. 23 106M Jan. 46 2 40 68 M 1015* 68 M Sale Sale 95 106 M 45 47 M 86 Feb. Sale Prices 1I4" 66 M Sale 43 liH Feb. 98 1 Highest 36 87 86 5* 92 M 93 M 57 74 Sale 70 Ref & gen 5s series F_ Sale "75" Sale 70 28 M D 1995 2000 M S 92 93 Sale A O 1995 Sale 104 114 65 71M 105M 106 80 Ref & gen 5s series A_^. Ref & gen 6s series O Ref & gen 5s series D 86M Sale Price 107M Feb. 23 Feb. 34 45 Lowest 98 47 98 Sale 96 96 103 Vs Sale 1025* Sale 100M 100M 99 M 100 M 109 % 109 M Sale 107 5* 107 3* 108 100 101 1996 MS Sale 95 M J ACertificates of deposit Stamped modified— 105 M 92 95 M 37 M 97 M 85 Sale 92 36 44 iuu M 100 Sale °4 100M 101M 100 M 95 109 M Bid^^Ask Sale Prices Sale 106 M Feb. 101 5* Sale Highest 107 M 35M 85M 85 M Sale 97 M 92 % Sale MN - Ask Sale J D Bid 5* Sale RANGE SINCE JAN. Lowest 'eb. 29 1 107 J O Feb. Ask 106 J A ICES IN FEBRUARY Jan. 2, 1940 ffi £a. ~ exchange-bonds 106M Feb. Jan. Jan. 16 M Feb. 15 Jan. 106 M Feb. 19 16 10 109 5 2 Jan. 5 Feb. Jan. 16 2 14 23 48 14 20M Jan. 4 15 18 Jan. 3 23 110 Jan. 5 4 n. t. stock Marce^ 1940] Sales in Value Jan. 2, 1940 15,000 6,000 1949 1954 Cent Pac 1st ref guar g 4s Through St L 1st gu g 4s Guaranteed 5s 1960 Central BE & Bkg of Ga 5s 1942 Oentrai Steel 1st sink fund 8s—1941 Certain-teed Prod s f g 5Ms A.-1948 Champion Paper & Fibre— S f deb 4ks (1935 issue) 1950 S f deb 4Ms (1938 issue)-----1950 Chesapeake & Ohio By— General gold 4Ms —--^92 Bef & impt mtge 3Ms ser D--1996 Bef & impt mtge 3 Ms ser E..1996 Bef & impt M 3Ms ser F 1963 Craig Valley 1st mtge g 5s 1940 Potts Creek Br 1st 4s 1946 B & A Div 1st con g 4s 1989 2d con gold 4s -—-1989 Warm Springs Valley 1st g 5s_1941 AChic & Alt EE ref g 3s 1949 Chic Burl & Q 111 Div 3Ms 1949 F A1 A O F A Feb. 1 Ask Bid $ 151,000 3,000 201,000 1,000 3,000 175,000 71M Sale 67 ..... 154,000 137,000 7,000 1,000 5,000 155,000 198,000 29L000 1357000 General 4s 75,000 175,000 1st & ref 4 Ms series 1st & ref 5s series A Ask Bid 68 66 M Sale 60 63 235",600 *t AChic & E 111 1st cons g t AChic & E IU By g 5s. M S 49 k 59 M F 99k 118 103 H 103 16 106 106 k 103 113k Sale 14 k Sale 15 Sale 14 k Feb. 2 95 99 M Sale 92 M Sale 92 k Feb. 28 15 k Feb. 95m Feb. 16 7 Sale 28 100 27 90 5 Sale Feb. Feb. Feb. Feb. Feb. 89 k 80 97k 87k 77M 83 M Feb. 1 27 81 Feb. 6 29 87k Feb. 6 16 Feb. 23 18 9 15k Feb. a85M Feb. 16 17m Feb. 1971 A 6s—1934 1951 A O 13,000 412,000 1,000 282,000 137,000 220,000 27,000 105,000 1357666 1,000 16,000 1,000 \lh 12 6k 607666 1,000 12,000 91,000 199,000 77,000 257666 St Louis Div 1st coll trust g 63,000 1,299,000 ~1,666 1st mtge 3 Ms series Conv deb 3 Ms I D D 91,000 2,000 262,000 14,000 16,000 A s f 5s Consumers Power Co 36.000 5,000 73,000 153,000 mtge 3Ms— 1st mttre 3 ks For footnotes, see page 30. Sale Sale 54M 14 M 13k Ilk 5M 17 M 6M 6 6M 5k 2M AfN J J D D _ 14 15 8M 16 M 9 8k 8k 3k 14 17 k Sale 17 Feb. 18 16 ----- 63M 14 12 M 8 8 57 13 M 11 5k 5k 5k Sale 17k Sale Sale 46M 15k 13 M 5k 5k 62 Sale 51 54 51 J M 5 101M 105 M 53k 106 k Sale 107 k 106 106 M 106 k 107 k Sale 107 M 105 M 106 106 k 90 Sale 90 89 H 49 H 12 M Sale 90 Sale 91k 16 27m Feb. 9 Feb. 29 1 Feb. 5 Feb. 1 Feb. Feb. 9 47k Feb. 26 Feb. 21 12k Feb. 6 k Feb. 5 17 Feb. 19 16 Feb. 7 6 6k Feb. 5k Feb. Ik Feb. 7 7 k Feb. 15 6 k Feb. 21 5 2k Feb. 52 47M Feb. 13 63 k 54 62 Sale 5 2 80 k 67 48 Feb. 5 D D J J 64M _• _ 53 47 65M J J "95 M 166"" 109 H 107 M 105 H Sale 62 100 k 95 M 106 k' 108 75 52 50 k 46 k 64 k 63 99 106 k 105 105 k 106 k 106 k 109 102 k 104 M 102 k 104 M 80 "84 k 80 89 k 81V Sale 89 k 80 73 105 Sale 74k 105 k 70 AfN A O J J A O F A MJV 33 k 104 M 104 k 103 k 110 Sale 109 114 106 Feb. Jan. Jan. 15 109 Feb. 15 13 117k Feb. 15 22 106 Jan. 22 14 Jan. 92k 97k 87k 77 k 83k 118m Feb. Feb. Feb. Feb. Feb. Jan. 16 Feb. 15k Feb. Jan. 23k Jan. Jan. Jan. Jan. Jan. 5 28 16k Jan. 97 k Jan. 28 102 k Jan. 27 92 k Jan. Jan. 27 16 19 6 18 15 11 15 12 57 Feb. 17 P Jan. 3 11 24 Jan. 25 11*Feb. 13 Feb. 1 24 60 Feb. 7 105k Feb. "92k 90 Feb. 94 k 91 Feb. 6 108k Feb. 2 106k Feb. 23 1 51k Feb. 13 k 12k Feb. Sale 108k Feb. 109k Feb. 12 Jan. 24 TanTir 3 27 11 11 Jan. 11 Jan. 16 23 k Feb. 26 26 k Jan. 26 k Jan. 6k Feb. 27 lk Feb. 26 7k Jan. 2k Jan. 2 Feb. 23 Feb. 29 3 Jan. 23 12k Jan. 23 14 Jan. 10 15k Feb. 27 13k 13k 13k 15k 2 Feb. Jan. 18 Jan. 26 Jan. 19 16k Feb. 14 9 17 m Feb. Feb. 26 16 9 18k Feb. 10m Feb. 10 12 8 Jan. 15 \rA 8k Jan. 15 8k Jan. 13 2k Feb. 27 10M Feb. 10k Feb. Jan. 3 46k Feb. 29 13k Jan. 13 5 12k Feb. 27 21 4 5 Jan. 17 Jan. 49 Feb. 16 12 k Feb. Feb. 4k 5k 5k lk Jan. Jan. Feb. Feb. 15 Feb. 75 Jan. 24 67 Jan. 4 67 Jan. 47k Feb. 13 61 k Jan. 10 48 17 5 2 Feb. Z8 Feb. Jan. 7 lHJan. 106 106k Jan. 104k Jan. 21 5 17 15 21 2 24 4 Feb. 5 63 k Feb. 26 53 m Jan. 5 8 Jan. 31 107 26 108 k Feb. 2 6 106k Feb. Jan. 94 23 10 93 Feb. 19 90 5 94 Feb. 21 1 57 Feb. 21 12 k Feb. 27 28 108k Feb. 5 110 k Feb. 27 9 2 89k Jan. 2 49k Jan. 12k Feb. 27 Jan. 10 10 Feb. 1 7 26 23 k Feb. 26k Jan. 24 107 24 107 Jan. 8k Feb. 26 8M Feb. 26 it2m Feb. 27 ti4 26 2 23m Feb. 24k Jan. Jan. 8 27 k Jan. 88 Jan. Jan. Feb. 106 k 106 108 107k Feb. 6 4 5 106 8 4 12 8 16 Jan. 24 2 8 118m Jan. Jan. 90 23 6 21 2 Jan. 29 15 Feb. 79 k Sale 50k Feb. 24 53 Feb. 2 94 57 6 Jan. 11 Feb. 21 12k Feb. 27 108 Jan. 26 109 k Jan. 11 5 110k Feb. 7 109k Feb. 64 26 77 Jan. 22 49k Jan. 16 Feb. 16 28 13 100k Jan. 2 109k Feb. 24 108 k Feb. 50 2 110m Feb. 5 4 HIM Feb. 23 Feb. 2 2 75 Jan. Feb. Jan. 109 75 64 k Feb. 16 21 50 8 108k Jan. 13 100k Feb. Feb. 63 Feb. 64 k 100 100k Feb. 49 109 k 108k 46 Jan. 62 Jan. 66 k Jan. 79 k Jan. 54 k Jan. 5 24 3 17 51k Jan. Jan. 13 67 29 100 k Jan. 29 Feb. 110k Jan. 108k Jan. 4 29 106k Jan. 106 k 109m Feb. 24 109k Feb. 4 4 24 5 106k Jan. 29 106k Jan. 109k Feb. 24 109m Feb. 24 102 k 104 k 81k Sale 78 Sale Sale 70 k 73 106 k 106 k 105k 106"" 105 Sale 72 73 28 Sale Sale Sale 103 k Sale 104 105 104 Sale Sale' 104 k Sale 104 k 113 Sale 111 112k 109 M 108 k Sale 109 k Sale 128 k 80 Sale 110 k 127 k Sale Sale 92 85 108k 89 ----- Sale Sale Sale 106 k Sale 108 k Sale 14 2 Feb. 28 Feb. 26 70k Feb. 28 105 109 k 126 k 85 Sale 108k cl09k 108k 106 k Sale 107 107 106 117k Sale 108 k 107 k 107 k 106 k 108 Sale 108 k 108 k 108 105 k 11 Sale 16 *11 17 11 61k 56 k 16 11 .Tan. 87 Feb. 28 76k Feb. 26 70k Feb. 28 Feb. 2 Feb. Feb. Feb. 19 83k 90m 82k 74k Jan. Jan. Jan. Jan. 13 11 3 19 1 3 106k Feb. 8 68 Jan. 73 k 8 34m 27k Feb. 103k Feb. 29 105k Feb. 7 104 Feb. 28 Feb. 3 108k Feb. 27 109k Jan. 3 27 110k Feb. 29 129k Feb. 1 109k Feb. 27 111 Jan. Jan. 22 3 1 17 Feb. 20 108k Feb. 20 Feb. 10 109k Feb. 27 2 109 Feb. 8 Feb. 2 107 k Feb. 26 Feb. 2 107 k Feb. 5 Feb. 1 Feb. 23 106k Feb. 1 109k Feb. 16 Feb. 105 Feb. 103 k Jan. 125 Jan. Jan. 22 Feb. 19 Jan. 4 Jan. 12 9 105 Jan. 2 104k Feb. 15 130 15 28 Feb. 20 109k Feb. 27 3 Feb. 10 109k Feb. 2 109k Jan. Feb. 2 107k Jan. Jan. Jan. 15 107k Jan. 106 Jan. 23 107k Jan. 107k Jan. 17 109k Jan. 108k 109k 108k 106k 106k Jan. 5 15 Jan. 30 16 105k Jan. 16 Feb. 9 15 k Feb. 23 15 Jan. 31 15k Feb. 23 16 57 Feb. 10 Feb. 9 15k Feb. 23 55k Feb. 29 Feb. 107 k Feb. 21 109 109 Feb. 14 109k Feb. 1 Feb. 104k Feb. Feb. 16 1 105k Feb. 16 Feb. 13 16 Feb. 8 15k Feb. 26 15 k Feb. 55k Feb. 23 15 14 14 Jan. 104k Jan. 5 14 5 11 11 11 58 k Sale 26 80 9 14 13k 13k .11 3 106 Feb. 27 109 109 k 109 k Feb. Sale 126 k Feb. 89 Feb. 89k Feb. 80k Feb. 73 k Feb. 73 k Feb. 28 8 30k 27m Feb. 103 k Feb. 29 104k 9 105 104 Feb. 2 104k 104 Feb. Sale Sale 105 Feb. 80 72 107 k 106 M 17 11 Feb. 87 76 k 108 k 109 106 k Sale Sale 11 80 112 108 k 108 k 108k 109 109 109 k 106 k 106 k 11 Sale 75 71 109 11 79 k 87 Sale Sale 111k 105 k 78 Sale 30 k 104 k Sale 108 k 109 1956 -i960 13 3 109"" A AfN 5 99k Jan. 15 107 k Jan. 2 101k Jan. 19 166"" 108 k 108 k 109 108 M 108 k 105 k MJV F Sale 51M Sale 66 MS 28 125k Feb. 25 99 k Jan. 24 Feb. 103 79 k 85 Sale Feb. Jan. Jan. Jan. Jan. Jan. 5 110k 110k 108 M 109 k 109k Feb. 23 110k Feb. 1 111k Feb. 23 111 111k 110k Feb. 110k Sale 2 2 75 Feb. 65 M 75 Feb. 68 75 1 65 Feb. 27 64 « Sale 64 k "65 k 64k Feb. J 122k 98m 98k 103k 101k 50 108 k Sale 108 M 109 60 75 A 10 104 9 AfN F 21 Jan. 52 k Feb. 103 108k 109 6 106m Feb. 4 103 16 103 M A 15 50k Feb. 1 107 Sale 62m Jan. 1121» Jan. 82 Feb. 26 106k Feb. Jan. Jan. 5 25 3 18 54 63 k Feb. 109 M F 13 63 1 D MJV J Sale 73 k Jan. Feb. 93 k 91k 56 M 51k Sale 13 k 12M 12M 108 k Sale 108 k 109 M 111k 110M A AfN 104k Jan. 16k 12k 12k 6k Feb. 13 8k Feb. 26 8m Feb. 26 57 Feb. 57m Feb. 17 l12akajeebu h-2k~Fetrr?7 23k Feb. 25k Feb. 28 21 Feb. 23 k Feb. 27 24M Feb. 26 25k Feb. 9 7 24k Feb. 25k Feb. 27 25 Feb. 2 23 M Feb. 26 1 6 k Feb. 27 6k Feb. 1 k Feb. 5 1M Feb. 26 14 k Feb. 23 12 k Feb. 1 16 Feb. 29 2 12 k Feb. 1 15 k Feb. 27 13 Feb. 2 16 k Feb. 14 13 k Feb. 9 14 k Feb. 3 17k Feb. 16 Feb. 26 6 13 k Feb. 9 18 k Feb. 2 16 k Feb. " 1 9 Feb. 10k Feb. 10 5 8 k Feb. 10k Feb. 10 2 10k Feb. 10 8k Feb. 2 k Feb. 27 3k Feb. 46k 13 M 12k 5k Sale Prices 26 58 Jan. lloki Jan. 75 Jan. 86 14 Feb. Jan. Jan. 48k Feb. 17 9 9 26 17 12M Feb. 14 12M Feb. 29 2 6 k Feb. .7 Feb. Feb. 5 Sale 60 48 61 9 a87 Feb. Sale Sale 74 J 16k 15 Sale 7 81 J Sale 5M lk 67 J 60 7 7lH 106 M 106 M 106 M Sale 107M Sale 8k 6 2 60 51 Sale 11.2k 2? "Sale Sale 22 M 25k 24 M Sale 25 M 22 26 25 20 35 25 6 k Sale Sale lk Sale Sale 14 k Sale Sale Sale 15 k Sale 18k 15k 16k 15 14k 16k Sale 17 15.. 14M 15M 16 M Sale Sale Sale 9 k Sale 9M 9% 10k 9 k Sale 9 3 k Sale Sale 67 62 52 Sale 114 51 54 M M S O Feb. 80 O J 26 70 43 17 94 Sale 60 D A J lk 12 k 13 7M Sale Sale it* Sale 66 63 17 k 57 k 11 55 k 18 k Sale 29 16 Feb. 10 60 Jan. 4 — 1st lien & unif mtge 3 Ms 1st mtge 3 Ms—— 1st 15 9K 3k 24 M 6k Sale Sale 17 k 9k a VA 9k Sale M S 1968 1958 ADebenture 4s 14M 18 M 5 J&J 1955 A&O 1955 ADebenture 4s v.ooo 27,000 Consolidation Coal 13 M 13 16 O 3Ms debentures 1948 3 Ms debentures 1956 3 Ms debentures 1958 AConsol Hydro-Elec Wks of Upper Wuerttemberg 1st 7s—: 1956 Consolidated Oil conv deb 3Ms_1951 t AConsolidated By deb 4s .1954 " Sale 45 k Conn & Passum Bivs 1st g 4s—1943 Conn By & Lt 1st g 4Ms—-—1951 ADebentures 4s 2 it* M1V Stamped guar 4Ms 1951 7,000 48,000 Conn Elver Power s f 3Ms A—-1961 120,000 Consol Edison (N Y) deb 3MS--1946 205,000 107.000 24 M 24 M 14M 4S-1990 MJV a5s income mtge --1970 5,000 283,000 Colorado & Southern 4 Ms ser A-1980 235,000 Columbia Gas & Elec deb 5s----1952 Debenture 5s --Apr 15 1952 31,000 Debenture 5sJan 15 1961 266,000 Columbia & Hock Val 1st ext g 4s 48 Columbus & Toledo 1st ext 4s—1955 43,000 Columbus By Pow & Lt 4s——1965 Commonwealth Edison Co— 21 15 15 112M 119 23~M' "Saler 23 7M Sale Feb. 15 117k Feb. 85 k Sale Sale Sale 84 15 109 26 M 7 112 k Sale 78M Feb. Feb. 94 Sale 67 ..... 88 109 117 Sale Sale 26k 25 k 27 M MN Sale 7 24 M 24 M MIV J 13 21M 13 13 M 81 ~~7k 26- J 14 12M 58 M 112k 114,: 25 23 k Bef & impt 4 Ms series E 1977 Cin W & M Div 1st g 4s--—1991 Spring & Col Div 1st g 4s 1940 W W Val Div 1st g 4s . 1940 Cleve Elec Ilium 1st M 3Ms-—1965 Clev & Pitts gen gu 4Ms ser B—1942 Series B gu 3 Ms 1942 Series A gu 4 Ms 1942 Series C gu 3 Ms 1948 Series D gu 3 Ms— 1950 General 4M» series A---—.--1977 Gen & ref mtge 4M8 series B.1981 Clev Short Line 1st gu 4 Ms—--1961 Clev Union Term 1st gu 5 Ms A-1972 1st s f g 5s series B guar1973 1st s f 4 Ms series C 1977 Coal Biv By 1st. gu 4s -----1945 Colo Fuel & Iron Co gen s f 5s..1943 85 M J 17,000 Memphis Div 1st 4s —1951 9,000 Chic T H & S'east 1st & ref 5s.- I960 J D Income guar 5s-.-----Dec 1 1960 M S 21,000 39,000 113,000 41,000 157,000 99,000 1943 71,000 Childs Co deb 5s. 3,000 1 AChoc Okl & Gulf consol 5s—1952 Cine Gas & Elec 1st mtge 3MB-1966 37,000 1st mtge 3 Ms 1967 14,000 Cin Leb & N 1st con gu g 4s— -1942 Cincinnati Union Terminal— 1st mtge guar 3 Ms series D—1971 49,000 1st mtge guar 3H8 ser E_—---1969 60,000 1,000 Clearfield & Mahon 1st gtd g 5s. 1943 1993 10,000 O C C & St L gen g 4s General 5s series B^----——1993 16 88 Sale J MJV Chicago Union Station— ^Guaranteed 4s ---1944 1st mtge 4s series D--———1963 1st mtge 3 Ms series E —1963 3Ms guaranteed-------—1951 Chicago & Western Indiana 4s—1952 1st & ref mtge 4M» ser D 1962 Sale J J 25,000 18k 17 M 14 M Sale 87 k Sale 121118 16M Sale 83 J 15-year secured 6 ms—--—1936 M S 4Ms ser C----May 2037 AConv 4Mb series A --1949 ♦tAChicago Rys 1st 5s stamped Feb 1 1938 25% part paid—1927 t AChic B I & Pacific gen g 4s—1988 ACertificates of deposit ---. •ABefunding gold 4s— 1934 ACertificates of deposit-------♦ASec gold 4Ms series A-.—1952 ACertificates of deposit AConvertible gold 4Ms——-I960 Chic S L & N O gold 5s. ---1951 Gold 3 Ms June 15 1951 Sale 24 MJV Alst & re 118M J MJV Alst & ref Sale J AfN J J Sale 81 79 85 117 19 109k 103 F D 15 14 19 117"" Af S F A J 104 M 105 100 122k Feb. 28 125k Feb. 2 98 k Feb. 99m Feb. 1 99m Feb. 98k Feb. 104 Feb. 1 105k Feb, 111M 118 1977 mpt Sale Sale 106 1958 5s-_-—---May 2037 4 Ms stamped-May 2037 99 100 Sale g 99k Sale Sale Sale t AChic Mil St P & Pac mtg Ss-ser A 75 AConv adj 5s Jan 1 2000 t AChic & No West gen 3 Ms —1987 MJV Alst & ref Sale 5 118 AGen g 4M« seriesE—-May 11989 AGen 4Ms series F—May 1 1989 a Sale 109 Sale 4Mb-—----1969 t AChic Mil & St-P gen g 4si ser A-1989 AGen g 3 Ms series B- - -May 11989 AGen 4Ms series C-—May 1 1989 122 k 2 106m Feb. 21 Feb. 19 13 104 lliM 101M AfN 99 104 107 M Chic L S & East 1st * Sale Sale A Af S A O Sale 125 124 Af N 95 M tax-1987 2 105M 106 M 106 106M 105M Feb. 103 M 104 k 103 k Feb. 103 k 105 104 M 100 M 89 AStpd non payt Fed inc Feb. 104 M J 1987 63 50 Feb. 102 M 105 J AGeneral 4s_. 68m Feb. 20 63 1 Highest Sale Prices Sale Prices Sale Prices 66M Feb. M S M S J t AChic Indianap & Louisv rf g 6s 1947 iBefunding gold 5s sot B 1947 ABefunding 4s series C__ 1947 Alst & general 5s series A----1966 a 1st & gen 6s series B—-May 1966 Chic Indiana & Sou 50-yr 4s—1956 65 MS MN MN ^Certificates of deposit ---81,000 .—---1982 Af N 6,000 Chic & Erie 1st gold 5s 497,000 t AChic Gt Western 1st 50-yr 4s.l959 M S 23,000 8,000 52,000 122,000 62,000 2,000 1,000 55,000 38,000 100,000 42,000 42,000 635,000 562,000 149,000 155,000 21,000 95,000 108,000 9,000 104,000 113,000 115,000 167,000 351,000 Ask Sale Lowest Highest 49 k Sale Feb. 9 50 M 48M Feb. 7 60 62 Feb. 7 65 62 Feb. 7 65 110 110»3a 112 110k 110*32 Feb. 20 110»3» Feb. 20 78 k Sale 82 Feb. 15 76 M Sale 76M Feb. 1 J B Lowest Feb. 29 Sale 58 Sale 112*11 H2M 75 Sale 51M 1949 Illinois Division 4s , Bid , 45,000 220,000 RANGE SINCE JAN. PRICES IN FEBRLARY Price bonds N. T. STOCK EXCHANGE February 23 exchange-bonds 1965 1967 1970 -1966 AfN 108 k MJV 108 k 109 k MJV MJVi 106k 107k Sale 109 109k 108k 109 k Sale 110 k Sale 109 106 k Sale 106 k Sale 109 Sale" Sale 108 k 106 k Feb. Feb. 24 110 k Feb. 26 107k Feb. 6 6 13 107k 108k 108k 105k Feb. 21 109k Jan. 27 5 110k Jan. 9 Jan. Jan. 4 Feb. 24.111 Jan. 17 107k Feb. 13 24 N. T. STOCK Sales in Price BONDS February $ Bid 11,000 38,000 87,000 68,000 23,000 112,000 79,000 96,000 54,000 3,000 3,000 Container Deb Corp of Am 1st s f g 6s 1946 J D gold 5s —1943 J D Continental Oil conv deb 2 Crane Co s f deb 3 Ms Crown Cork & Seal s Ms—1948 —1951 ...1948 Cuba Northern Rys 1st 5Ms Cuba RR 1st 50-yr g 5s J J 1942 1952 1946 7 Ms series A extended to A Sale Sale 29 M 35 M Sale 42 Sale 33 Sale 36M 45M Sale 110 Sale 60 108 M 109 J 4MS-1947 106 104 M J J Sale 106 J Sale J J F A 10 M Sale J J M S Gen & ref 4 M s series D 1961 F A Gen & ref mtge 4s series F___1965 A O Gen & ref mtge 3 Ms series G.1966 M S Detroit & Mack 1st lien g 4s 1995 J D Sale 110M Sale 11QM 113 40 54 M 22 M 35M 98 100 105 M 107M 106 M Sale 17M 13M Sale 109 Elgin Jol & East 1st g 5s 1941 MN 196j5 5s stamped Erie & Pittsb gen gu g Series C 3 Ms A O 1965 3 Ms ser B 1940 1940 112,000 t AErie RR 1st con & prior lien 4s 1996 Alst consol gen lien 4s 1996 402,000 AConv g 4s Series A __1953 57,000 a4s series B —1953 36,000 AGen conv 4s Series D 1953 5,000 *ARef & impt gold 5s ser 19271967 462,000 *ARef & impt 5s series 1930. .1975 426,000 AErie & Jersey 1st s f 6s 1955 13,000 AGenesee Riv RR 1st s f 6s 1957 16,000 aN Y & Erie RR ext 1st 4s...1947 2,000 * A3d mtge 4 Ms 1938 1954 52*000 Ernesto Breda Co 1st mtge 7s 1956 19,000 Fairbanks Morse deb 4s 1942 12,000 Federal Lt & Tr 1st s f 5s. 5s International series 1942 First lien s f 5s stamped 1942 lb",000 1st lien s f 6s stamped 1942 16,000 30-year deb 6s series B 1954 5,000 115,000 Firestone Tire & Rubber 3 Ms..1948 tAFla Cent & Peninsular 5s 1943 2,000 :_ 1959 45,000 JFla East Coast 1st 4Ms Alst & ref 5s series A 1974 192,000 A O J J 75 J D 107 ~h M S M S 103 5/i 101 M S 103M M S 104 A D O J J J D M S AS f deb g 6s 1 AGa & Ala 1st cons 5s MN 26",000 Gt Cons El Pow Grays Point Term 1st gu g 5s (Japan) 7s 1st & gen s f g 6Ms 23,000 Great Northern Ry— 1st & refund 4 Ms series A 68,000 Gen mtge 5Ms seriesJB 1941 1947 1944 ..I960 Bar pen Mining 6s 2,000 Hock Val istcong4Ms-_ « see page 30. 5M Sale 8M 2% 2M 5M 4 Sale 4M 3 2M 50 109 109 M 34 106 91H 140 29 9 Feb. 6 14 33 43 M Feb. Feb. 23 4 Feb. 1 4M Feb. 68 M 101 91 51 51 101 56 M 22 M Sale Sale 18 19M 18 20 M 18 100M 55 M 22 M 17 15M 108M Feb. 27 109M Feb. 112 Feb. 2 Ill 21 113 43 Jan. 1 32 Jan. 31 23 ----- 12 M Sale 7 J J 78 J J 70 103 Sale 90M Feb. 20 9 Feb. 16 Feo. 20 6 68 M 56 52M Feb. 91M Feb. 1 13 2 Feb. 8 109M Feb. 28 8 141 Sale Sale "53" Feb. '16 54 M Feb. 26 1 2J M Feb. 19M Feb. 16 19M Feb. 16 56M Feb. 1 92 Feb. 8 9 Feb. 9 Feb. 8 Feb. Feb. 26 9 Feb. 9 Feb. 9 Feb. 57 M Feb. 13 7 92M Feb. Sale 94 Feb. 6 97 Sale 107 104 19 M 19M 23 M 18 Feb. 8 51 52 58 54 M 92 60 J Feb Feb 92 107 M 107 M 103 102 104 M 105 101M 102 M 103 M 104 M 104 M Sale 3 108M Feb. 27 110M Jan. 2 109H Jan. 31 111M Jan. 17 3 113 Feb. 20 110M Jan. 12 Jan. 7 101 13 Jan. 11 107M Jan. 8 108M Feb. 15 Feb. 6 106M Jan, 30 109M Jan. 2 13 90M Feb. 20 141 Feb. 107M Jan. 105M Jan. 52M Feb. 93M Jan. 29 8 141 Feb. 15 109M Feb. 25 105M Jan. 28 25 8 13 60 Jan. 2 59 Jan. 3 59 Jan.\ 3 8 51M Feb. 54 M Feb. 26 23 M 20 M 20 M 19M 15M 15 M 52M 53 Jan. 13 3 57 Jan. 26 Jan. 4 24M Jan. 3 I 21M Feb. 18M Jan. 30 19M Feb. 16 Jan. 3 18 21 Jan. 3 3 8 Feb. 24 14M Feb. 24 18 Jan. 14H Feb. 24 18 Jan. 49% Jan. 53M Jan. 15 54 Jan. 15 58 Jan. 31 92M Feb. 7 97 Feb. 22 108 13 105 Jan. 7 6 Feb. 9 92 Feb. 8 93 Jan. 18 3 104 M 104 Sale 104 105 Vs 46 M Sale 106 Sale Sale 51M Sale 43 Sale 50 M 7 Sale Sale 6M Sale Sale 49 2 100»82103 49M 50 M 7 7 107 M Feb. Feb. Feb. 26 105 Feb. 19 9 103 M Feb. 104 M Feb. 26 104 M Feb. 17 20 M % 90 17 2M 10D32 103 50 M 52 M 2M Feb. 2M Feb. 1001732Feb. 100l73jFeb. 49M Feb. 51M Feb. Jan. 9 104M Feb. 10 104 M Feb. 8 Jan. 2 3 104 Jan. 11 101M Jan. 105M Jan. 16 106% Feb. 20 1 46M Feb. 46M Feb. 1 103 49 Feb. 5 6M Feb. 28 6 Feb. 23 Jan. 9 8 H Jan. 8M Jan. 3 3 54 2M Jan. 26 2M Jan. 100l7J2Jan. 30 49 Jan. 123M Jan. 13 104 M Feb. 103 Jan. 20 102 M Feb. 101 Jan. 32 M Feb. 29 32 M Feb. 29 28M Feb. 13 28M Feb. 13 27 106M Feb. 1 70M Feb. 19 1 2M Jan. 2M Jan. 18 24 100l7sjJan. 4 24 23 10 53M Jan. 19 124M Jan. 22 105 Jan. 4 103 2 24M 24M Jan. Feb. 29 26M Jan. 10 32 M Jan. Jan. 32M Feb. 28M Jan. 19 5 30 2 29 23 Jan. 104M Feb. 27 107 17 66 Jan. 70M Feb. 10 Jan. 25 18M Jan. 2 17M Feb. 21 M Feb. 2 20 105M Jan. 91M Jan. 5 10 19 ...- 15 M 20 M Sale 104 % 86 M Sale Sale 30 104 Vs 105 104 M Feb. 68 M Sale 66M Feb. 16 M Sale 35 27 104 103M Jan. 1 104 M Feb. 2 7 104 Feb. 19 103M Feb. 105M Feb. 26 106M Feb. 20 1 1 46 M Feb. 46 M Feb. 5 7 49 Feb. 50 M Feb. 7 7 M Feb. 6M Feb. 28 1 6 Feb. 23 6M Feb. 124 M 124M 103 M 105 104 104 M 103 M Feb. 102 M 102M 102 M Sale 101M Feb. 26 M 26 M 58 58 Sale Sale 106M Jan. 8 3M 3M 2 Feb. I04M 103 M 104 103 23 35 1 17 M Feb. 2 21M Feb. 20 21M Feb. 20 17 Feb. 17 1 104 M Feb. 20 104 Feb. Sale 1 89 M 86M Feb. 26 90M Feb. 104 I05M 104M Feb. 20 104M Feb. 20 9 80 Jan. 80 Jan. 9 Feb. 86M Feb. 28 104 M 104 M 86 M 74 Sale 106 M Sale 76 M Sale 104 M Feb. 20 104 M Feb. 20 93 Sale 86% Feb. 5 96 M Feb. 23 85 Jan. 4 80 Sale 74 9 80 Feb. 29 72 Jan. 5 5 107 M Feb. 27 98 M Feb. 23 107 M Sale Feb. 106 M Feb. 96 M Feb. 96 M Feb. 80 Feb. 23 29 3 107M Feb. 23 105M Jan. Jan. 3 96M Feb. 27 100 96 M Sale 90 Sale 90 Sale 90 Feb. Feb. 13 90 Jan. 9 92 Jan. 26 83 84 82 Sale 81 Feb. 27 83 Feb. 5 81 Feb. 27 84 Jan. 82 M 100 M Sale 81 Sale 87 Feb. 23 83 Feb. 2 81 Feb. 23 84 Jan. 4 8 9 99M Jan. 17 104 Jan. 3 91M Sale 100M Feb. 28 102M Feb. 90 M 89 M Feb. 28 92 Feb. Sale 72 Feb. 26 73 M Feb. 64 58 Feb. 7 58 Feb. 7M 7M Feb. 13 8M Feb. 8 88 .Tan. 16 8 72 Jan. 17 7 58 Jan. 12 Feb. 92 75 M Jan. Jan. 58 8 12 90 M Sale 73 M 58 Sale 72 M 64 9 49M 8 4M Feb. 23 Feb. 4 75 96 67 % 13 Sale 4 16 50 106 M 105M 105M 99 M Sale 90 H 89 81M Sale 82 M Sale 3M Jan. 2M Jan. 6M Jan. 1 107 M Feb. 12 55 M 90 Sale 72 Jan. 6 2M Jan. 2M Jan. 5M Feb. 106% Feb. 49M Sale ----- Jan. 10 2 24 27 M 84 6 2 Feb. 106M Jan. 24 32 M 104M 3 25 30 24 15 14 M Feb. 29 A 5 63 M Jan. Jan, 10M Jan. 2 108M Feb. 26 13 Feb. 14 M Feb. 34 D 108 M Jan. 106 Feb. Feb. 108 Sale 27 M J 2 108 M Jan. 19 Sale 32 F 4 2 Feb. Feb. 97M Feb. 105M Feb. 14M 104 Jan. 33M Jan. Jan. 19 "14M 40 Sale 93 Jan. 109 23 Sale 35 91M 8 Feb. Jan. 99 M Feb. Sale 24M 25 58 19 105 M Feb. 14M 27 M 105 M 1042832Feb. 108M 104M 106M 8M 38 46 "45"" "14M Sale 17 Sale 29 4 Jan. 100 M 24 M 19M 2 103M Jan. 18 104 Feb. 12 30M Jan. Jan. 70 140 M 148 141 Feb. Sale 109 108M Feb. 105 % 105 % 8 101M Jan. Jan. Jan. 23 1042832Feb. 58 Feb. 102M Feb. 7 11 27 29 17 17 18 _ 5M 35 10 106 92 Vs 108 M Sale" 105 M 106 70 51 51 Feb. Feb. 35 25 34 M 99 97 97 M Feb. Sale 105M 107M 105 M 106 M 105 M Feb. F2 2 104 43 25 98 M 107 H 27 105M Jan. 19 106M Feb. 8 104% Feb. 28 61 M Feb. 108M Feb. 19 108M Feb. 23 1 104 M Feb. 104 M Feb. 5 7 107 H Feb. 17 106 M Feb. 9 8 9M Feb. 8M Feb. 27 10 8 Feb. 28 9 9M Feb. 3 Feb. 14 2M 2% Feb. 13 8 2% 2M Feb. 16 2M Feb. Sale 6 5M Feb. 5M Feb. 29 Sale 112 108M 26 110M Jan. Feb. 32 110M 109% Feb. ----- Feb. 104M 104 M 102M 101M 28 % 30 M Feb. Feb. 38 110 107M 12K 13 107 Sale 108 16 6 Sale 111M 113 40 1 29M Feb. 35 M Feb. Sale 53 101M Jan. Feb. 103 109 40 Sale Prices Sale Prices 105 Jan. 11 105M Jan. 27 7 Sale Sale 8 18M Sale 73 M 58 8 8M 81 85 H 100 M 89 M 72 M 55 6 1 e91 Sale 2 . 8 13 8M Jan. 24 23 83 Feb. 15 26 79M Feb. 13 87M Feb. 83M Jan. 23 13 87 M Feb. 83 M Feb. 1 97 M Feb. 27 96 Feb. 9 108M Feb. 8 108 Jan. 21M 120M 75M 44M Feb. 27 21M 4 123 Jan. Jan. 29 80 Jan. 17 47M 5 7M Feb. MN A O 85 Sale A O J 82 M 85 M Sale J 99 Sale 1949 J 1999 J 12,000 Hoe (R) <fe Co 1st mtge .1944 A O 8,000 23,000 t*AHousatonic RR con g5s_. 1937 MN Houston Oil 4 Ms debs 1954 MN 23,000 Forlfootnotes, Sale 3M 2M 2M 100 M 103 M 48 M 53 M 15 Gulf States St'l 1st mtge 4Ms. .1961 A O 8O~,66O Gulf States Util 3Ms series D 1969 MN 87,000 a 102M 2 13 1961 J 1952 J 1973 J 1976 J 1977 J -.1946 J 1946 J 197,000 Gen mtge 5s series C 67,000 Gen 4Ms series D 79,000 Gen 4Ms series E_ 76,000 Gen mtge 4s series G 308,000 Gen mtge 4s series H 228,000 Gen mtge 3 Ms series I. 1967 118,000 AGreen Bay & West deb ctfs A 2,000 Alncome debenture ctfs B 5,000 Greenbrier Ry 1st gu g 4s ...1940 Gulf Mob & Nor 1st 5 Ms ser B.1950 54",000 1st mtge gold 5s series C 1950 100,000 Gulf & Ship Island 5s stpd 1952 8 106M 69 M 164,000 HGoodrich (B F) Co 1st M 4 Ms. 1956 J D Gotham Silk Hosiery deb 5s w w_ 1946 13,000 M S Gouv & Oswegatchie 1st 5s 1942 J D *5",066 10M 107 104 Oct. 1945 1st gu g 4 Ms 108 104M 101M 103 105 M Sale 43 M 51 53 Sale 8M Sale 101 +*AGeorgia Caro & Nor 6s 1934 1*000 AOood Hope Steel & Iron sec 7s_1945 ex 8M Prices Feb. 8 104 M Feb. Feb. 1 Highest Feb. ----- 6 000 Grand R & I 107 M 75 90 98 122 1945 1940 ...1948 55 ' A J Sale Sale 55M 90 F 1949 ADebenture 6Ms 17 M 17 M 53 M M S Gen Amer Investors deb 5s ser A1952 General Cable 1st s f g 5Ms A 1947 General Motors Acceptance Corp— 15-year debenture 3 Ms 1951 128,000 Gen Steel Castings 1st 5Ms w w.1949 Sale 107 59 M Sale 57 95M 101M 101M 101M 54M 24 SA Sale 23 M Sale 19 24M 49 ___ . 108 M 105 M J MN J Sale "58"" 108 H 104 M Sale" 21 MN ACertificates of deposit *_ *t AFonda Johns & Glov ref 4Ms 1952 Proof of claim filed by owner MN ♦a(Amended) 1st cons 2-4s 1982 Proof of claim filed by owner MN ACertificates of deposit 1,000 Fort St U D Co 1st g 4 Ms 1941 J~ J 3,000 Francisco Sugar coll trust 6s 1956 MN 21,000 AGeneral Elec (German) 7s 91M ----- ----- 35,000 Gas & Elec (Bergen Co) 5s 91 140 43 Lowest Highest Sale 30 M 38 H Sale 32 8M 8M 2M 2M 50 110 RyM No Div 1st g 4s^T948 ATU 105 M 106M El Paso & S W 1st & ref 5s 1 000 3 Sale AO RANGE SINCE JAN. Lowest 27 104 M Feb. 19 106M Feb. 5 106 % Feb. 29 102% Feb. 27 103 M Feb. 20 Sale 29 M 35 M 104% 108 M J J Sale 104 M 106 106M 106 M 102 M 103 103 M 103 M Sale 104 107 M Sale O Feb. 29 Ask Bid Ask Sale Sale Prices 105 M 104 M 105 % 105 Feb. 6 105 Vs Sale 101M Sale 101M Feb. 7 102 M Sale 108 M 109 M 108 Feb. 26 109 M J _ 95,000 102 M 109 M 104 % J 25,000 Eastern Tenn Va & Ga 1st g 5s .1956 MN 1995 J J 1,000 Eel El 111 N Y 1st cons g 5s 118,000 Electric Auto Lite conv deb 4s_ 1952 F A ' 105 MN Eastern 39 000 Bid Del & Hud 1st & ref 4s 36,000 Ry 3 Ms -1962 A O 9,000 1*aDu1 So Shore & Atlantic g 5s_1937 J J 1965 J D 257,000 Duquesne Light 1st M 3 Ms Q 000 Ask 105 Delaware Pr & Lt 1st M ASecond gold 4s ----1995 J D 87,000 Detroit; Term & Tun 1st gu 4Ms 1961 MN 1951 J D 1,000 Dow Chemical deb 3s__ Duluth Missabe & Iron Range ~6~, 000 Feb. 1 101M 102 M 108 % Sale 104 M Sale 105 105M 102M Sale 103 103 M 29M Sale 38 44 M 32 M —1946 6s series B extended to t ADes Plaines Val 1st guar Detroit Edison— 110,000 72,000 19,000 D D Crucible Steel 4 Ms deb ser A—1948 1!Dayton Pr & Lt 1st & ref 3 Ms 1960 1943 4Ms—1971 1st & ref 4 Ms 1969 1st mtge gold 4 Ms —1969 t* iDen & Rio Gr 1st cons g 4s_ _ 1936 * AConsol gold 4Ms_ 1936 t ADenv & R Gr West gen 5s Aug 1955 AAssented (subject to plan) ----ARef & imp mtge 6s ser B 1978 t ADes Moines & Ft Dodge 4s—1935 Certificates of deposit 6,000 8,000 246,000 9,000 5,000 7,000 123,000 11,000 23,000 33,000 84,000 J J 1950 MN f 4s S f 4Ms debentures. PRICES IN FEBRUARY Jan. 2, 1940 n. t. stock exchange Value EXCHANGE-BONDS 108M 15 _ Sale ----- 119 78 46 97 M 80 % Sale 85 M 96 81H 85 M Sale 97 108 M 108 M 108 M 20 122 Sale Sale 98 M 87 M 75 M 44 97 M 20 123 Sale Sale 70 47 M 45 M 97 83 Feb. 15 79M Feb. 96 Feb. 108M Feb. 21 M Feb. 27 21M 122M Feb. 26 123 Feb. 16 76 76 M 47 45M Feb. 26 47 M 97 M 97 Feb. 16 97 M 121M 123 80 Sale Sale 82 M 76 Feb. 27 Feb. 23 Feb. Feb. Feb. 2 97 Jan. 1 99 5 109 L 9 Jan. 2 Jan. 11 Feb. 27 23 Feb. Jan. 3 Feb. 98M Jan. 3 8 N. Y. STOCK March, 1940] •Safes fn h N. Y. STOCK EXCHANGE Value Ask Illinois Bell Extended 1st g 3%s 1st gold 3s sterling 2,000 Collateral trust gold 4s 27,000 122,000 Refunding 4s Purchased lines 1st 3 %s Coll trust gold 4s 16,000 117,000 16,000 257,000 2,000 3,000 12,000 Refunding 5s 40-year 4%s Cairo Bridge gold 4s Litchfield Div 1st g 3s Louisv Div& Termg3%s Omaha Div 1st gs3s "Y.ooo St Lou Div & Term g 3s Gold 3%s Springf Div 1st g 3 Ms - Western Lineslstg4s 1,000 1951 1951 1951 1951 1952 1955 1952 1953 1955 1966 1950 1951 1953 1951 1951 1951 -1951 1951 34 33M Sale 112% 91 MJV 48 % UN UN P A Sale Sale 91 85 85 46% Sale J ,! Sale Sale 47 Sale 41% 45% 43 M Sale 42 44 45 Sale Sale 46% 53% Sale 54 44 Sale 80 85 78 81 70 60 55 65 32% Sale 126 47% Sale 15% Sale 111% 112 11" Highest Lowest Sale Prices Sale Prices 32 125 Feb. Feb. 6 Feb. 19 Feb. 21 1 111% Feb. 26 90 Feb. 9 9 34 21 7 126% 1 49% 16% 1 Feb. Feb. 47% Feb. 14% Feb. 110% Feb. 90 Feb. 54% 54 43% 47% 60 * 721,000 J J F A J 1932 Al0-year 6% notes. A ACertificates of deposit- 24,000 . M S 76 - - 344,000 133,000 128,000 36,000 59,000 382,000 - 41 45% 52 43% "56"" 63 6 54 Feb. 45 8 45% Jan. IIM Jan. 9 Jan. 45 Feb. 10 42 Jan. 45 Feb. 3 10 46% 54% 45% 78% 63% 65% Feb. Feb. 1 44 Jan. 3 Jan. 4 Jan. Feb. 3 27 Feb. ' 9 51% Feb. 43% Feb. 78% Feb. 63 Feb. Feb. 7 62% Feb. 46% 56% 46% 78% 63% 65% Jan. 8 Feb. 62% Feb. 52% Feb. 2 52% Feb. 2 Feb. 17 Feb. 17 9 Feb. Feb. ffi* 51 86* 76 75 55 52% 52% Feb. 2 Feb. 17 53 53 105 - 1941 A Paper conv 5s series A— 1947 J 1955 M S Refunding 6s series A Int Merc Marine 1st s f 6s Intern Int 1972 MN 1947 F A Ji 1952 J Rys of Cent Amer 1st 5s B First lien & ref 6 %s Internat T & T deb g 4 %s 1955 Deb gold 5s 356,000 7,000 X Alowa Central Ry 1st & ref 4s_. 1951 1959 James Franklin & Cleart 1st 4s.. 49,000 64.000 Jones & Laughlin St'l 1st M 4%s 1961 F A M S J D M S 1990 A O 180,000 J*aKC Ft S & M ref g 4s. a Ctfs of dep (Bankers Trust) 76,000 75,000 Kan City South 1st g 3s Ref & Imp 5s April 83,000 141,000 Kan City Term 1st 4s 1936 A O 36,000 Kansas Gas & El 1st mtge 4 Ms. 3 980 J Kanawha & Mich 1st gu g 4s... - 1950 a'O J 1950 J J 1960 J D 68 Sale 102% Sale 97% Sale 84 81% Sale 96% 41% Sale 43% Sale 1% 1% 53 94% Sale Sale 29% 88% 31 28 29% 68% Sale 65 Sale 108% Sale 103% 104% 3 20 9 105 1932 "72%~74 r,l-932|,M"S{ 73,00 ■^-AjulQsyearTffir-notoa j a Certificates of deposit 73 Sale 97,000 89 90% 1947 A O 79,000 Interlake Iron conv deb 4s. Int Agri Corp 1st & coll ctf 5s— 1942 MN 102% Stamped extended to 1,000 J 1952 J 16% Sale 196,000 X A Jnternat Gt Nor 1st 6s A a Adj mtge 6s series A.July 1 1952 A 1% Sale 62,000 Sale a 1st mtge gold 5s series B 14 1956 J 73,000 Sale 1956 J 14 A 1st gold 5s series C 42,000 Sale 1944 A 73 135,000 Internat Hydro El deb 6s Jan. 86% Jan. 91 Feb. 90 Jan. 8 Feb. 6 Jan. 24 Feb. 21 .Jan. 4 Feb. Feb. 13 49 Sale 48% Sale 48% Feb. 29 50 48 1 47 Feb. 13 45% Sale 48% 45% Feb. 5 1001»S2l01% 100% 101% 100u3»Feb. 21 100%. Feb. 20% 98 98 100% 56% 61 55% 59 57% Feb. 28 57% Feb. 28 3 1 12 Feb. 13 Feb. 12 Sale 10% 14 ----- 45% Jan. 12% Jan. 110% Jan. 47% Feb. 49 Sale 45 Sale 100.27101.4 15% 95 100% 55 61 10 13% 102% Sale 109% Sale J 74% Sale 74% Sale O 30 Sale .29% 37% 126% 50% 16% 112% Feb. 51% Jan. Jan. 6 27 Feb. 9 Feb. 7 52% Feb. 2 Jan. 6 63 57% _ Sale Prices Sale Prices 32 Feb. 21 125 47% Feb. 54 Feb. 45% Feb. 46% Feb. 42% Feb. 44% Feb. 51% Feb. 43% Feb. 78% Feb. 111 Cent & Chic St L & N O— Joint 1st & ref 5s ser A. 1963 239,000 4 Ms series C 1963 79,000 1940 17,000 Illinois Steel deben 4 %s_ illseder Steel Corp 6s 1948 Ind Bloomington & W 1st 4s 1940 2,000 Indiana 111 & Iowa 1st gold 4s. .1950 5,000 t ilndianapol & Louisv 1st gu 4s_1956 Indianapolis Union Ry— Ref &impt mtge 3 %s ser B—1986 1948 200.000 Industrial Rayon 4Mb 1961 53,000 Inland Steel 3 Ms series D 833,000 tlnterboro R T 1st & ref 5s—--1966 ACertificates of deposit 962.000 Highest 86% Jan. 68 63 57 Ask 68 "m 76 Feb. 29 Lowest 85 ,, 68 M S A O 37 M Sale 85 86 % 86 M J Sale £4 Sale" 45 M llVA 89 1 Ask Bid Bid 126% 127 125 13% Adjust income 5s Feb 1957 Telep3%sser B--.-1970 a Feb. 1940 Hudson Coal 1st s f 5s series A-.1962 J D Hudson County Gas 1st 5s 1949 UN Hudson & Manhat 1st & ref 5s A 1957 F A Illinois Central 1st g 4s 1st gold 3%s 1 Jan. 2, Bid 166,000 22,000 335,000 696,000 40,000 6,000 RANGE SINCE JAN. PRICES IN FEBRLARY Price BONDS February 25 EXCHANGE—BONDS 105 101% Sale 109 Sale Sale Sale Sale Sale Sale 102% Sale 13% Sale 1% 1% 12 11% 12 11% 72% Sale 67% Sale 103 _ Sale 90% W Sale 39 Sale 43% 1% Sale 50% 94% 65 Sale 51% Sale 88 Sale 75 72% Sale Feb. Feb. Feb. Feb. Feb. 32 Feb. 73 Feb. 71% Feb. 84 Feb. 31% 29% 33 19 109 26 29 1 17 "20 102% Feb. 13 Feb. 1% Feb. 10% Feb. 10 Feb. Sale 71 Feb. Sale 67% Feb. Sale 102% Feb. Sale 97% Feb. Sale 90% Feb. Sale 96% Feb. Sale 39 Feb. Sale 42% Feb. 1% 1% Feb. 52 Feb. 55% Sale 93% Feb. 12% 13% 1% 1% 10% Sale 10* 10% 70% 102% 99 93 97 40% 43% 1% 53% 93% 65 Feb. 28 1 Feb. 77% Feb. 17 77 Feb. 16 38% Feb. 28 36 Feb. .28 75 Feb. 2 \73% Feb. 86 Feb. 21 5 105 101% 106% 74% 73% 31 17 50% Jan. 3 15 47 Feb. 13 21 100% Jan. 6 99% Jan. 17 57% Feb. 28 99% Jan. 17 61 Jan. 5 13 Jan. 5 25 25 105 Feb. 28 19 109% Jan. 2 77% Feb. 2 17 12 Jan. 101 Jan. 26 7 1 1 102% Feb. 27 26 28 27 29 1 1 1 5 29 1 2 15 3 27 9 14% Feb. 1% Feb. 19 7 12 Feb. 9 Feb. 12 9 74 Feb. 76% Feb. 19 6 103 Feb. 9 99% Feb. 93 Feb. 28 98% Feb. 19 9 41% Feb. 8 44% Feb. 1 1% Feb. 106% Feb. 74% Jan. 73% Jan. 5 Feb. Feb. 13 Feb. 27 Feb. Feb. Feb. Feb. 16 Jan. 2 38% Feb. 28 30% 72% 71% 83% Jan. Jan. 6 36 Feb. Jan. 8 90% Jan. 11 1 102% Jan. 31 27 1% Feb. 26 10% Feb. 28 Feb. Feb. 27 71 67 10 2& rT5"%Janril Feb. 26 Jan. 29 102% Feb. 13 30 Feb. 29 75 16% Jan. 2 2 Jan. 18 14% 14% 74% 76% 103% Jan. 2 Jan. 2 Jan. 5 Feb. 19 Jan. 2 Jan. 22 101% Jan. 96% Jan. 29 Jan. 11 Jan. 3 93 Feb. 28 96% Jan. 38% Jan. 4 99 Jan. 23 84 24 Jan. 15 1% Feb. 43% Jan. 46% Jan. 1% Jan. 5 5 15 Jan. 23 55 Jan. 10 1 93% Feb. 27 95 Jan. 4 35 Feb. 20 Feb. 24 69% Feb. 13 28% Jan. 15 35 34 28 12 34 Feb. 20 Feb. 24 55 24 Feb. 94% Feb. 68% Feb. Feb. Feb. 3 11 1 102% Feb. 29 20 15 1 77 15 30 42 52 88% 30% 34% 35 33% Sale 31% 67% 67% Sale 67% Sale 67% 67% Sale 68% Sale 107% 107% 107 107% Sale 103% 104% 103% 104% 103% 30% 47% Jan. 43% Jan. 100n32Feb. 56 106 104% 106% Sale 74% Sale 76 73% Sale 31 35% 29' 32% 31% ale "Til T0"% 75 72% 70% 86 84 85% Sale 53 20 107% 6 104 2 Jan. 15 24 69% Feb. 2 68% Feb. 107 Feb. 20 108% Jan. 6 105 Jan. 103% Feb. 65% Jan. 64% Jan. 6 13 3 4 16 Kalarstadt (Rudolph) Inc— 1943 stpd (par $645) 1943 8 stpd (par $925) 1943 8 a With warrants (par $925) 1946 M S 101% 29,000 Keith Corp (B F) 1st ser g 6s J 106% 1987 J 3,000 Kentucky Central 1st gu 4s J 1,000 Kentucky & Ind Term 1st 4%8_- 1961 J 1961 Stamped a Ctfs w w A Ctfs w w — 25 24 "2",000 Plain. 4 %s unguaranteed Kings Co Elec Lt & Pow 6s 112",000 Kings Co Elevated 1st g 4s Certificates of deposit 86,000 Kings Co Lighting 1st ref 5s 2,000 "*6",o5o 1961 J 80 1961 J CO 1997 A 1949 F O 1954 j 71,000 Koppers Co 4s series A J 24,000 -Kresge Foundation coll trust 4s. 1945 1947 F 3%s collateral trust notes 35,000 X Kreuger & Toll class A— 26,000 46,000 32,000 80,000 20,000 11,000 3,000 * J J 1954 J 1951 UN 1st & ref 6 Ms a A 24 J A 1959 M S 5s Uniform ctfs of deposit O 86% 106% i04" "90% 1 in Sale 24 Sale 102 106% "60" "92% 80 83% 80 87 80 87 83 85 80 83 82 160 170 Sale 87% Sale 170 160 89 Sale 88 Sale 89 99% 100 88 88% 106% 107% 107% 107% 108 Sale 105 104% 106% Sale 2 % Sale 84% 86 85% Sale 3% 87% 85 75 3 Sale 4 1939 A Ref & ext mtge 5s Coll & re 5 Ms series C Col & ref g 5%s ser D 1953 45% 43% Sale 48 48 Sale 1960 48 49 Coll tr 6-s series A 1942 39 44 42 43 40 1942 40 45 41% 42% 40 42% 50% 78% 82% 82% 82 Collatera trust 6s series B Lake Erie & Western 80 Sale Sale 46% 46% Sale 5s 1937 extended at 3% to— 1947 •7 J 75 1941 J J 80 1997 J D reg.Dec 31 1975 129,000 45,000 Lehigh Coal & Nav 4%sser A._ 1954 1954 1965 A 81% 60 84% 34% J 36% Sale 50% Sale J 48 Sale 49% 1st mtgi income Cons sink fund 4%s ser C— 59,000 >9,000 Lehigh & Nj-» Eng RR 4s A... 17.000 Lehigh & N Y 1st gu g 4s_ 5 80 Feb. 23 82 Feb. 5 23 100 Feb. 21 91 Feb. 14 Feb. Feb. 88 82% 1 3 Feb. 85 Feb. 1 83 Feb. 21 46% Feb. 47% Feb. 1 7 Feb. 28 42% Feb. 7 41 Feb. Feb. Feb. Feb. a5s stamps 1 42,000 3.000 15,000 O 1945 M S 86% 30% 1944 37 Alst & refunding 5s 1954 a5s stamped. 1954 Alst A refunding 5s 1964 a5s stamped.. 1964 a First & ref inking fund 5s.-.1974 a5s stamped .1974 ASec 6 % notes extend to 1943 a6s stamped 1943 Leh Vail Harbor Term 1st 5s 1954 JLeh V (N Y) lstgug4%s 1940 4 Ms as -,en ed — 1940 X a Leh Vai (Pa) gen con g 4s 2003 F A F A F A F 87% 32 9.OO0 20,000 36,000 A48 assented..-Gen cons4^s a 4 %s asse it- d A Gen consol 5s a 5s assented JLeh Va 1 Ter Ry 1st gu g 5s 8.000 5s assented 3,000 Lex & East 1st gu 5s 315,000 26,000 120,000 11,000 88,000 A 2003 2003 2003 2003 2003 1941 "26% Feb. 15 80 5 Feb. Feb. 23 80 Feb. 85 Jan. 5 25 30 100 11 91 Feb. 82 88% Jan. 106 Jan. Jan. 87 1 107 Jan. 104 Jan. 15 104 Feb. 2% Jan. 52 60 75 Sale 87% Feb. 26 89 Sale 83 Feb. 29 85 Sale 55% 52% 35% Sale 1 52 Sale 34% Feb. 49% Feb. 52 Sale 49 88 89 89 32% 34% 32% 12103 85 Jan. 82 Jan. 44 Jan. Feb. 21 14 2 106% Jan. Feb. 24 108 Feb. 15 106 25 1 29 106% Feb. 3 106% Jan. 15 2 31 3 3 15 18 3% Feb. 24 90% Jan. 18 85% Jan. 23 51% Feb. 20 49% Feb. 16 43% Jan. 2 Feb. 28 44 42% Feb. 7 45 Jan. Jan. 9 10 28 41 89% Sale Jan. 23 89 Feb. 81% Jan. 15 85 Feb. 1 1 5 34% Feb. 49% Feb. 39% Jan. 55% Jan. 5 9 7 48 11 23 2 Feb. 28 1 Feb. 15 36% Feb. IP 54 20 52 15 89 32% Feb. 29 35 Feb. Feb. Feb. Feb. 14 14 Feb. 14 28% Feb. Feb. 29% Feb. 29 Feb. 27 Feb. 5 88 Feb. Feb. . 23 2 29 30 32 28% 28% 30 30 29 "26% "J F A 43% J J J J 43% 43% 50 Sale 52 48% Sale 50% 48 15 Sale MN 15 Sale MN 14% 14% 15% Sale 17 Sale 49% 49% "60~" MN MN MN A O 17 19 O O 117 81,000 Liggett & Myers Tobacco 7s 1944 39,000 5s 1951 31,000 Lion Oil Ref conv deb 4%s 1952 15,000 Liquid Carbonic 4s conv debs... 1947 Little Miami gen 4s series A—.1962 A O F A A O 127 127% 129% 130% J D 214,000 Loew's Inc s f deb 3 v?s A. debs.. 9,000 a Long Dock Co 3 Ms ext to For footnotes, see page 30. 1946 ..1952 1953 1950 97 120% 100 107% 109% 27% 46% 29% 28 Sale 29% 70 A Feb. 21 27% 27% 29 Feb. 8 26 24% Feb. 23 24% 24% 53% 53% 44% 26 24% Feb. 27 18 26% Feb. as Feb. 23 29 8 2 1 6 16 Jan. 2 87% Jan. 10 89 Jan. Feb. 4 35 Feb. 32 Jan. 54 12 37% Jan. 29 Feb. 14 35 Jan. 20 26% 28% 24% 24% 24% Feb. Jan. Feb. Feb. Feb. 21 20 23 33% Jan. 29% Jan. 29% Feb. 27 29 Feb. 1 23 29% Jan. 29 50 Jan. 9 Jan. 9 20 50 12 20 2 52% Feb. 44% Feb. 52% Feb. 48% Feb. 21 2 49% Jan. 43% Jan. 23 29 22 52% Feb. 21 2 48% Feb. Feb. 26 45 Feb. 2 42 Feb. 26 45 Feb. 2 Feb. Feb. Feb. Feb. 15 Feb. 18% Feb. 17% Feb. 27 47 Feb. 10 42% Feb. 27 47 Feb. 10 27 1 15 Jan. 2 2 15 16 16% Feb. 1 13 17 26 16% Feb. 1 14% Jan. 15% Jan. 14% Jan. 16% Jan. 16% Feb. 4 14 16% Feb. 16% Feb. Feb. 8 17 Jan. 23 19 Feb. 8 26 19% Feb. 18% 17% 49% 51% 54 52% Feb. 50% Feb. 19 51% "54% 49% 2 117% Feb. 117% 117% 112% 116% 117% Feb. 10 16% Jan. 17 19% Feb. 10 46% 60 46% 43% 43% Sale \lH 16% 16% 18 18 44% 45% 40% 60 Sale 50% 42 45 42% 15% 14% 15% Sale 40% 15% 15% Sale 15 16 Sale 15 Sale 19 17 20 Sale _ Sale Sale 18% 127% 125% 126% 126% Feb. 127% Feb. 127% 129% 129% Sale 99% 101 99% Feb. 99% 101 109 Feb. 109 Sale 109% Sale 127 UN F 29 25 w 82 37% Jan. 37% 35 29% J MN 30 30 A 50 3% Feb. 24 9 87% Feb. 9 85 Feb. 51% Feb. 20 8 49% Feb. 9 44 Feb. 42% Feb. 83 17 A 69,000 Lombard Elec 7s series 20 15 105% Jan. 89 75 26% 1941 1965 39,000 Lone Star Gas 3 Ms 16 107% Jan. Feb. 9 87% Sale 37% 35 A _ 20,000 36,000 5 Feb. 50 15 Lehigh Valley Coal— 1,000 40,000 5,000 Jan. 107 101% Jan. RR— 2d gold 5< 16,000 64.000 Lake Shore A Mich Sou g3%s. Lautaro Nitrate Co Ltd a 85 Feb. Feb. Feb. 28 108 3 106 Feb. 104% Sale Sale 104 Feb. 29 106% 105% 105% 104 105% 105% 105% 105% 105% Feb. 10 105% 108 104% 105% 105% 105% Sale 16 107% Feb. 15 50 Feb. 85 88 ALaclede Gas Lt ref ext 5s 1942 101% Feb. 107 Feb. 50 Feb. 87% 89% 106% 104 % 8 8 156% 89 25 25 8 — 6 7 19 2 21 Feb. 2 Feb. Feb. 23 1 109% Feb. 19 19 127 5 130 7 101 2 2 2 Jan. 4 16% Jan. 11 50% Feb. 54 Jan. 11 117 Jan. 118 Jan. 16 126% 127% 97% 108% Feb. Feb. Jan. Jan. 19 127% Jan. 5 130% Jan. 3 22 Feb. 2 16(109% Jan, 9 3,101 107 102% 66 108 72% Sale 75 Sale 102 69 109 63 102% 103% Sale 73% Sale 109% 63% Sale 101% Feb. Sale 69 Sale 109 73 Feb. Feb. 63% Feb. 103% Feb. 27 73% Feb. 29 109% Feb. 8 26 67 Feb. 7 101% Jan. 68 108 Jan. Jan. 63% Feb. 2 103% 25 73% 2 26 Feb. 27 Feb. 29 109% Feb. 8 67 Feb. 7 26 STOCK EXCHANGE-BONDS N. Y Sales in BONDS February n. y. stock exchange Value Price c ^ Jan. 2, 1940 Bid 12,000 125,000 42,000 17,000 15,000 93,000 85,000 10,000 —1949 M 8 1949 M S -1949 M S Long Island unified 4s Guar ref gold 4s 4s stamped-Lorillard (P) Co deb 7s. a 1944 o 5s -1951 F A J Louisiana & Ark 1st 5s series A- -1969 J Louisville Gas & Elec3%s 1966 m S Lou & Jeff Bridge gu g 4s 1945 M S Louisville & Nashville RR— Unified gold 4s 39,000 1st & ref 4%s series C-__\—2003 1st & ref 4s ser D 2003 1st & ref 3 %s series E 2003 Paducah & Mem Div 4s 1946 3,000 St Louis Div 2d gold 3s. Mob & Montg 1st g 4 Ms 1980 1945 South Ry joint Monon 4s 1952 Atl Knox & Cin divg 4s__ 1955 a Lower Austrian Hydro-El 6 Msl 944 22,000 6,000 32,000 10.000 M S M S J J MN F A 66,000 20,000 46,000 105,000 138,000 351,000 116,000 McCrory Stores Corp s f deb 5s. . 1951 MN Maine Central RR 4s series A—1945 J D Gen mtge 4Mb series A 1960 J D Manati Sugar 4s s f Feb 1 1957 MN 204,000 ACertificates of deDosit Manila El Ry & Lt 1st 5s 4sl990 J a Manhattan Ry (N Y) con g a Certificates of deposit a A 2013 J 2s 4s ! O D Bid Ask Bid 88% 89 88% 127 83 Sale 110 Sale 107% 125% 125% 127 128 126% 84% Sale" 84% 109 M Sale 108% 109 M 108% 101"32 Sale Sale 99 90% Sale 90 88 Sale 85 M 82% 103% Sale Sale 110% 75M "77% 111% 112 77% Sale 105 106M 105 80 79 107% Sale 78 Ai* 106 106 107% 77 79 55 M Sale 40% Sale 11* 79 Sale 40% 80% 80% Sale 42 M Sale 41M 44 J J 15 A O 68 Sale m Sale 81M ~83% 85 M 25 "70" ~ 66% J MN 22 000 Metropolitan Edison 4Ms ser .D-iytjS M S 58 105" 105% 105 112 110% 36 000 Met Water, Sewer & Drain 5%s-1950 A O *82 000 JjLtiMeti West Side Elev (Chic) 4s 1938 f—a —6 Mr 29 125% Feb. Feb. 13 128 26 Feb. 15 85% Feb. 19 Feb. 13 109% Febv 5 111% Feb. 28 108% Jan. 108% Jan. 1 101% Feb. Feb. Feb. 90 16 101173sFeb. 1 100 Feb. 101% Feb. Feb. 90% Feb. 1 7 7 1 89 Jan, 10 91% 87% Jan. 20 90% 87% Jan. 24 90 125% Feb. 29 126% Jan. 22 7 Feb. Jan 24 126% Jan. Feb. 26 83 Jan. 13 98 92% Feb. 24 90% Feb. Jan. 5 128 2 Feb. 85% Feb. 18 110 2 28 16 101% Jan. 3 26 100% Jan. 1 94% Jan. Feb. 23 88 Feb. 1 82 82 Feb. 26 82% Feb. 20 103 % Feb. 79 Feb. 1 104 Feb. 14 19 81 Feb. 23 79 Feb. 2 112 Feb. 2 112 Feb. 79 76% Feb. 23 9 107 105% Feb. Feb. 7 18 Feb. 21 73M Jan. 105% Feb. 106 27 107% Feb. 81 19 Jan. "81"" zll2 "79% Feb. Feb. Jan. 102% Jan. 19 Jan. 85 85 82 6 20 111% Feb. Sale Sale Sale Sale 43 79 Sale 44 "88% 85 M 31 15 "69% 76 Sale" 67 64% -55 M Feb. 14 78% 53% 40 M Sale 15 51% 6 Feb. Sale 48 M Sale 64 Q Feb. 1 77 M 45 43% Sale Prices 7 29 Feb. 98 Sale Prices 90% Feb. 90% Feb. Feb. Sale' Highest 23 88 4 4 4 26 83 Jan. Jan. 12 104 Jan. 24 82% Jan. 2 19 2 112 79 9 107 9 Feb. 2 Feb. 7 Feb. 21 10% Sale 50 111% 76% 106% Sate Prices Sale Prices z89% 88% 90 M 89% Sale 125% Sale 126% Sale 84% Sale 108% 111% 108% 104% 85 10% J 52 Ask Sale 1 Lowest Highest Sale 101% 98% Sale Manila RR South Lines 1st 4s—1959 MN 89 89 M 102 M 82 M 7 89% 89 M Sale RANGE SINCE JAN. Lowest Feb. 29 90% Sale 125% 127 M 86 t AMan G B & NW 1st gu 3 Ms.-1941 1947 32,000 Marion Steam Shovel s f g 6s Certificates of deposit 1,000 Apr 1940 60,000 Market Street Ry 1st 7s Certificates of deposit 9,000 1945 32,000 Mead Corp 6s with warrants Feb. 1 91M 126 M S 1953 Ask 89 88% 87 % 101% Sale 100 100% 92 % Sale 86 M Sale 83 81% 1940 2003 1st & ref 5s series B 88,000 88,000 36,000 49,000 PRICES IN FEBRUARY 2-.2 Sale Feb. 27 107% Feb. 19 79 Feb. 77% Feb. 53% Feb. 14 Feb. 77% Feb. 55% Feb. 52 Jan. 2 Feb. 39 Jan. 27 78% 77% 42% 42% Jan. Feb. Jan. Jan. 40 Feb. 8 79 Feb. 26 82% Feb. 77% Feb. 43 % Feb. 43% Feb. 29 2 '81 % Feb. 51 Feb. 1 44% Feb. 42 2 29 55% Jan. 42 Feb. 8 12 19 6 82% Feb. 16 81% Feb. 16 2 51 Feb. 28 5 44% Feb. 16 27 8 82 Sale 76 66% Feb. 71 66 Feb. Sale Sale 58 Feb. 63 54% Sale 105% 103 M Sale - 27 Feb. 8 Dec. 7 1 63 Feb. 54% Feb. 103% Feb. 21 105% Feb. 29 5 111% Feb. 28 90 Feb. 28 80 80 Feb. 66 68 1 110% Feb. 111% 86 M 106 Feb. 8 21 64% Jan. 11 76 Feb. Feb. 8 66 Feb. 66 Feb. 7 52% Jan. 4 68 Feb. 29 52% Jan. 16 63 103% Feb. 21 105% Jan. 17 110% Jan. 80 Feb. 26 112% Jan. 9 Feb. 21 28 90 " a Mex Internat 1st 4s asstd. -1977 M S a 4s (Sept 1914 coupon on)—1977 M S Miag Mill Mach 1st s f g 7s—.1956 J D Michigan Central RR—? I JackL&S gold 3Ms 1951|M S 2, 000 1st gold 3 Ms 1952 MN 7, 000 Ref & Imp 4 Ms series C 1979 J J 15, 000 a - 252, 000 Michigan Consol Gas 1st M 4s__1963 M S 1940 J D 134, 000 t a Midland of N J 1st ext 5s j Milwaukee & Northern RR— * 1st ext 4 a Ms * a Con ext 4 Ms 4 ,000 44, ,000 t a Mil Spar & N W 1st gu 4s iAMilw & State Line 1st gu 3 1939 J D 1939 J D 1947 M S Ms 1941 J J 1934 MiV 40,,000 I AMinn & St Louis 5s ctfe a 1st & refund gold 4s 1949 M S 21,,000 a Ref & ext series 5s A 1962 Q F 9,,000 121,,000 J*aM St P & S S m 4sstpd guar-1938 f J * 12,,000 103,,000 5,,000 Alst cons ♦Alst cons a 5s 5s grd as to int 1st & ref 6s series A 25-year g 5 Ms 5Ms series B 26,,000 t AMissouri-Illinois RR 5s Mo Kan & Tex 1st g 4s 152,,000 a ser a 595,,000 1st & ref series F a 43,,000 118,,000 2,,000 a 90 ,000 147,,000 a a 31 ,000 337 ,000 a * 75 74 M 42% 31M 20 12% 14 14% 30 M 73 6M Sale 2 Sale 5% 6M 3 Sale 55 64 30% 6% 73 1% 3 Sale 27 M Sale 5% 5% Sale 1% 2% 1% Sale 58% 60% 62% Sale 26% Sale Sale 14 Sale 13 M 13% Sale 11% 11% 5% 14% 16% Sale 17% Sale 15 Sale 17 Sale 2% 16% 15% 16% Sale 1967 7M 1965 F A 1975 M S 1977 MN 1981 F a 14% 13% 3% 14% 13% 14M 13% 2% 14 M 13% 14% 13% A 22 M 28 M 33 M 4Ms__ 66 ---- Sale Sale 14 K Sale 14 K ---- Sale 15M 106 6s debentures 1965 106 000 270 ,000 Montana Power 1st & ref 3 Ms--1966 Mont Tram 1st & ref 5s series A.1941 24 000 D 100 Sale J 85 Sale General & refunding 5s A l955 O Gen & ref 5s series B__ Gen & ref s f 4 Ms ser C Gen & ref s f 5s ser D 51 1955 O 51 60 72 O 1955 Morris & Essex 1st gu 3%s_ 164 000 Constr M 5s ser A... 53 000 Constr M 4 Ms ser B 115 000 O 51 D 41M Sale 40 Sale 1968 J D 1947 MN -1941 MN Nashville Chat & St L 1st 4s A..1978 30,000 Nassau Elec guar gold 4s stpd—1951 513.000 Certificates of deposit 591,000 National Acme 4 Ms extended. .1946 3,000 National Dairy Prod deb 3 Ms w w '51 183,000 fNat Distillers Products 3Ms... 1949 95,000 _ F A J J a 15 il* 1% 16% M 15 13 Feb. 20 6% Feb. 1% Feb. 1 % Feb. 7% Feb. 5 5 Feb. 5 Feb. 5% Feb. 1 6 9 5% Feb. 1% Feb. 1% Feb. 20 Feb. 27 Sale' 13 Feb. 26 Sale 11% Feb. 29 12% Feb. 27 5% Feb. 29 13 Feb. Feb. Feb. Feb. Feb. 16 Feb. 1 23 17% Sale 16% Feb. 1% Feb. 16% Feb. 17 17 Sale, 17 Sale 17 Sale 17% 16% Sale 1% Sale Sale 16% Sale 17% Sale 16 Sale 17 Sale 16 Feb. 79 73 74 73 Feb. 34 18%32% 38% 52% 53% 51 106 106% 108 110 Sale 111 Sale 99% 83 % 54% 54% 24% Sale Sale 55 Sale 110% 110% 99% 86 83% 56% 54% 72 54% Sale 17 91% Jan. 62 Jan. 101% Jan. 9% Jan. 2 18 18% Jan. 17 94% Feb. 23 66% Jan. 3 2 103% Feb. 15 27 17% Feb. 29 22% Feb. 13% Jan. 28 32 15 15% Jan. 3 5% Jan. 1% Jan. 15 7% Jan. 2% Jan. 26 2 23 15 1 Jan. 22 13 4% 4% 4% 1% 1% Jan. Jan. 23 2 4 Jan. 3 Jan. 4 Jan. 23 Feb. 28 10 8 59 Feb. 20 70 Jan. 30 9 26 Feb. 27 31 Jan. 3 6 17% Feb. 7 14% Feb. 12% Feb. 23 13 Feb. 26 19% 15% 16% 8% Jan. Jan. Jan. Jan. 2 4 2 4 18% Jan. 25 7 Feb. Feb. Feb. Feb. Feb. 19 29 28 5 11% Feb. 29 12% Feb. 27 5% Feb. 29 13% Jan. 12 15 14 Jan. 4 13 Feb. 8 17% 16% 1% 17% Feb. Feb. Feb. Feb. Jan. Jan. Jan. Jan. 30 17 2% 13% 13% 13% 23 13 Jan. 9 19 Jan. 17 Jan. 9 17 Feb. 1% 13% 15% 13% Jan. Jan. 18 17% Feb. 24 4 Jan. Jan. 1% Feb. 1% 59% 69% 29% 23 Jan. 23 Feb. 19 Jan. 17 Feb. 16 Jan. 20 53 Feb. 2% Feb. 17% Feb. 1 Jan. 6% 5% 6% 2% 1% 59% 17 9 8 8 9 9 12 12 12 12 17 Feb. 8 14 Jan. 4 73 Feb. 24 68 Jan. 15 25 Jan. Feb. 17 13 15 Jan. 3 lIK Jan. 24 Jan. 25 18% 17% 2% 18% Jan. 25 Jan. 2 Jan. 25 17 Feb. 9 18% Jan. 25 Jan. 25 17% Jan. 24 73 Feb. 24 Feb. 20 Feb. 20 Feb. 21 20% Jan. 26% Jan. 25 34 18 34 Feb. 21 39 Feb. 21 32 Jan. 15 39 Feb. 21 54% Feb. 26 106% Feb. 11 51% Jan. 12 54% Feb. 22% Feb. Feb. 17 Feb. 13 28% Feb. 106 Feb. 2 13 16% Feb. 33% Feb. 53% Feb. 2 6% Feb. 17% Feb. Feo. 71 19% 22% 28% Sale 19 29 Feb. 2 2 6 Sale 109% Feb. 21 110% Feb. 17 110% Feb. 17 Ill Feb. 2 Sale 1 5 100 r Feb. 99% Feb. Sale 8 2 84 Feb. 83% Feb. 85 27 55M Feb. 27 57% 55% Feb. 72 105 Jan. 109% 109% 99% 83% 55% Jan. Jan. Jan. Feb. Jan. 12 8 107 Jan. 11 25 3 110% Feb. 17 8 111% Jan. 25 12 100% Jan. 11 2 86" Jan. 56% Jan. 17 9 36 M 108 % 116M 101% 67% 42 68 54% 68 43 Sale Sale 42% 40% Sale .35% Sale Sale 107 V 108% 108% Sale 118 117% 120 119% 101% 105% 54% Sale Sale ----- 9 28 3 29 2 42% Feb. 41% 36% 39 —. Sale 68 44 49 Sale Sale 46 Sale 70% 70 Sale 81 Feb. 120 Feb. 6 120 101 % Feb. 9 Feb. 14 6 101% Feb. 20 47% Jan. 11 28 44% Jan. Jan. 35% Feb. 29 39 107% Jan. 29 109% Feb. 10 41 % Jan. Feb. 2 39 118 Jan. 101% Jan. 6 10 101% Jan. 3 70% Feb. 17 66 Jan. 18 49 Feb. I 81 Feb. 29 81 Feb. 1 Feb. Feb. Feb. 26 2 5 102% Feb. 106% Feb. 14 106 Jan. 105 51% 5 102% 1 107% 1 105% 43% Jan. 42% Jan. 3 46 Feb. 10 104 Jan. Sale 105 Sale 102% Feb. Feb. 4 14 Feb. 4 120 69% Feb. 28 105 102% 108 45% Feb. 43% Feb. 37% Feb. 2 109% Feb. Sale Sale 102% 26 Feb. 35% Feb. 44% 104% 70% Jan. 25 Feb. 29 51 % Feb. 26 5 102% Feb. 2 107% Feb. 3 105% Feb. 5 14 10 ( J J J % % O % % % O % % % % J % O % M o % Vs 1M ----- % ""% o a o 1954 5,000 I a Naugatuck RR 1st g 4s Newark Consol Gas 5s 1948 1,000 l.OOn t a New England RR cons 5s guarl945 a Cons guar 4s. 1945 5,000 Sale" 15 28 Feb. 26 M S a For footnotes, see page 30. Sale 23 Feb. 27 Feb. 29 15 16% 16% 2% 16% 16% 2% Feb. Feb. 26 22% Feb. 28 13% Feb. 13 5 Sale D 4s April 1914 coupon on 1951 4s April 1914 coupon off....1951 a Assent warr & rets No 4 onl951 1,000 National Steel 1st M 3s 1965 217.000 7 13% 15% 94% 65% 103% 1 17% 1 Feb. 107 1926 a a 69% 6 16 56 59 Sale . a 64 5 106 a Assent warr & rets No 4 onl957 4s April 1914 coupon on 1977 a 4s April 1914 coupon off 1977 * Assent warr & rets No 5 on 1977 A Nat RR of Mex prior lien 4Ms— on. 2% 1% Sale 2% 2% Sale MN J 4mb July 1914 coupon on_1957 4Ms July 1914 coupon off. 1957 *a Assent warr & rets No 4 1% 1% 57 »* 7 50% Sale 102% 106% Sale a _ 68 42 M National Rys of Mexico— a 4 Ms Jan 1914 coupon on_1957 a Sale 7% 1% 15" O 1955 1955 m N Mutual Union Tel 5s 8, 000 109% 109M 110M 111% 2000 1955 m N 28, 000 Mountain States T & T 3 Ms Mutual Fuel Gas 1st gu 5s 5 000 Sale 5 % 33 O ... 5 Sale Sale Sale 59 105% 1% 1M 5M Sale 70 1960 3 000 25 Sale Sale 8% 7% 7% Jan. 57 Sale 73 14 % 16 % 1978 a 1st mtge 52 1962 F 71 000 17% 91% Feb. 96 66 M 63% Feb. 102% Feb. Sale 12% Feb. Sale Sale M 5 Sec 5% notes 1938 M S. 1991 M S 5 ,000 Mohawk & Mai 1st gu g 4s 50 000 Monongahela Ry 1st M 4s ser A.1960 MN Monongahela West Penn Pub Serv— * 92% 63 103 M Sale Montgomery Div 1st g 5s 1947 Refunding & Improv't 4MS-1977 a 66 15 J a 94% Sale Sale 27 j 85 ,000 697 ,000 625 ,000 63 1—Jam—4 18% Jan. 49 .July 1938 2 ,000 92 102 M 12 M g 75% 16 J Certificates of deposit Mo Pac 3d 7s ext at 4% JMobile & Ohio RR— a 9M Sale 74 Sale 12M 65 76 Feb. V % Sale 1946 J 1949 MN 1980 A O 1st & ref 5s series I a 39 ,000 91M 65 M 101M 65 6 —... 19 J 1978 MN 1st ref gold 5s series H a Certificates of deposit 88 % % 16% 1962 J 1938 J Certificates of deposit 1st & ref g 5s ser G a Certificates of deposit Convertible gold 5 Ms ~i6%::::: 1990 1938 J A. .1959 Missouri-Kansas-Texas RR— Prior lien 5s series A 191,,000 40-year 4s series B 87,,000 Pr lien mtge 4Ms ser D 20.,000 ACum adjust 5s series A Jan 181,,000 J AMissouri Pacific RR Co— Alst & refund 5s series A 99,,000 a Certificates of deposit 7,,000 AGeneral 4s 264,,000 % ----- 13 T%- —7"—Feb". 7% 5% 1% Vs 6% 5% 6M 2% 1M 50 M 63 % 29 % 1949 M 8 1978 J J 1st ref 33";ooo M —7 a o A O 102 MN 68 73 123 124 J D J J J J 33 M 35 Sale 60 Sale % % Jan. 3 Jan. 19 % Jan. 25 Jan. 6 u % % % 1% % 1% % % Feb. 23 % Feb. % Jan 103 % 66 Feb. 29 103% Feb. ly 70% Feb. 102 Jan. 103% Feb Feb. 70 Jan. Eeb. Feb. 7 124% "Feb. 17 35% Feb. 123% Jan. 35% Feb. % % % % 102 Sale 102 Sale 73 70 66% 71 123% 125^ 124% 37% 39% 36 38% 35% 36 36 36 36% 37% Feb. 2 W 37 Feb. Feb. • 34 Jan. 71 25 8 Jan. 11 124% Jan. 36% Jan. 31 5 37 Feb. 3 Sales in Jan. 2, ,000 New England T & T 30-yr 5s A.1952 J D 1st g 4Ms series B ,000 1961 m n F A N J Junction RR gu 1st 4s 1986 33 600 N J Pow & Light 1st 4 Ms I960 47 000 New Orleans Great Nor 5s ser A_1983 14 000 N O & N'eastern ref 4 Ms ser A_1952 36 000 New OrleansP S 1st & ref 5s A. .1952 79 000 1st & ref 58 series B_ F1955 28 000 New Orleans Term 1st 4s guar. .1953 8 000 t*AN O Tex & Mex income 5s_.1935 24 iCertificates of deposit— iFirst 5s series B 006 18 000 iCertificates of deposit Alst mtge gold 5s series C iCertificates of deposit *2~ 000 35 000 Alst 4%s series D Feb. 1 1940 N. T. STOCK EXCHANGE Value 1954 A O 1956 F 1956 F A 1954 A O A 4 000 12 000 Npt & Cin B gen gu g 4Ms New York Central RR— 129M 125% 126 M 125 M Sale *70" 126 M 126 % 127 69 % "70% Sale 108M 109 M 108 M 109 107M 69 74M 72 52 M 56 54 105M 106 105M Sale 68 M 67 29 M 34M 34M 37 35 M Sale 32 M 166 000 Consol 4s series A 83 000 726 000 415 000 10-year 3 Ms secured s f Ref & impt 4 Ms series A Ref & impt 5s series C 126 000 Conv secured 3 Ms Sale 104 M Sale 58,000 15,000 71 70 25 M 30 % Sale 30 M 30 37 29 M 29 Sale 559,000 82,000 130,000 54.000 87,000 11,000 20,000 17.000 49.000 49.000 35 30 Feb. 32 33 29 Feb. 31M 40 28 32 M 34 M 33 7 109 Sale ----- Sale 111 1998 F A 61 Sale -1946 2013 A O 74 h Sale 77 M A O 55 Sale A O 60 M Sale mn 61 Sale 51M 57 M 57 % Sale Sale Sale Sale Sale J 78M 78% 86 M 58 % 79 % 87 M Sale 32 M Feb. 28 Feb. 3 6 13 2 1 29 29 "34% 37 M 32 M 111 35 1 31M Feb. 33 M Feb. 21 Sale 31M 28M Ill 58 Sale 77 M Sale Feb. Feb. Sale 53 M Feb. 27 Sale 79M Feb. 1 Sale 82 M 84 1 % Sale Sale 109 Sale 6,000 N Y Gas El Lt Ht & Pow 5s...1948 J D Purchase money coll tr g 4s. .1949 F A 125M 117M Sale 11M 30.000 aN Y & Greenwood Lake 5s—1946 mn 4.000 N Y & Harlem g 3 Ms 2000 mn 100M 53 M 19.000 N Y Lack & Western 4s ser A..1973 mn, Guar 4Ms series B 11,000 —1973 mn| 62 M 61 iNYLE&W Coal & RR 5MS-1942 mn! *3;000 iDock & impt 3,000 N Y & Long 1st 5s Branch gen 4s 1943 1941 J*iN Y & N Eng (Bost Term) 4sl939 +iN Y New Haven & Hartford— 1947 iNon-conv debenture 3 Ms—1947 iNon-conv debenture 3 Ms 1954 iNon-conv debenture 4s 1955 iNon-conv debenture 4s 1956 iConvertible debenture 3 Ms. -1956 iCon vertible debenture 6s 1948 iCollateral trust 6s 1940 iDebenture 4s 1957 iNon-conv debenture 4s 2.000 1.000 44,000 39 000 _ 37.000 41.000 197.000 32.000 45.000 126.000 21.090 89.000 of 1927 1967 t iHarlem R & Pt Ches 1st 4s.1954 jaN Y Ont & West 1st g 4s 1992 ilst & ref 4Ms ser J A O Feb. 8 59M Jan. Feb. 85M Feb. 15 10 14 JaN Y Prov & Boston gen 4s—1942 11,000 N Y & Rich Gas 1st 6s A 1st ref g 5s. 1937 gold 4Ms_—1937 iGeneral gold 5s 1940 iTcrminal 1st gold 5s. 1943 Y Tel ref 3 Ms series B__ 1967 Y Trap Rock 1st s f g 6s 1946 1.000 22.000 7.000 37.000 N 10.000 N 33.000 1946 6s stamped 149,000 J*iN Y Westches & Bos 1st 4Ms 1946 41.000 Niagara Falls Power 3 Ms 1966 48.000 Niag Lock & Ont Pow 1st 5s A. .1955 60,000 Niagara Share (Mo) deb 5 Ms -1950 123.000 ♦JiNorfolk South 1st & ref 5s A. 1961 iCertificates of deposit 61,000 1941 34.000 ♦tiNorfolk & South 1st g 5s Debenture 3Ms 54.000 Debenture 4s • 1954 1959 194,nnn 225.000 164.009 756.000 53.000 68.000 100,000 48,000 iiOgden & Lake Ch 1st guar g 3,000 Ohio Connecting Ry 1st 4s 4sl948 17 16 M 16 M 15 M 19M Sale 19M Sale 29 M 5% Sale 5M 18M 60M 5M Sale F A J J D 80 M j" M S A O mn F A mn O A F A F A A Feb. 9 42 110M 86 Sale 57 16 Feb. 16 2 16 16 15 23 15 14 3 108" 104 M 11 5M 7 108"" 110 Sale 86 Sale 85 87 Sale 89 110M 90 M 11 % 11M 54% 124 M 12 % 12M 13 57 60 Sale 12M Sale 65 Sale Sale 112 113 107 M 107 M ..... 37 H 45 40 % 52 39 Jan. 6 Feb. 24 16 Jan. 11 18M Jan. 28M Jan. 6 20M Jan. 11 12 33 Feb. 27 18M Jan. 22 20 60 Jan. 24 5M Feb. 2M Feb. 27 Feb. 5 Feb. Jan. 6 9 3 6% Jan. 8 Jan. 10 22 13 Jan. 63 6m Jan. 3% Jan. 16 52 Jan. Jan. 9 16 4 3 45 Feb. 16 107 % Feb.20 108M Feb. 20 107% Feb. 20 110 Feb. 19 19 105M Feb. 6 106M Jan. 104M Jan. 12 108m Jan. 3 105m Feb. 23 6 104 Jan. 9 Jan. 23 105 m Feb. 15 17m Feb. Feb. 7 8 29 46 Feb.16 Feb. 105 M Feb. 104% Feb. 15 108 1 11 Feb. 1 7 Feb. e 6M Feb. 2 Feb. 9 109M Feb. 6 48 105M Feb. 27 17 M Feb. 29 7 Feb. 9 SM Feb. 28 50 Feb. 14 110M Feb. 24 5M Jan. 5M Jan. 39M Jan. 100% Jan. 85M Jan. Feb. 1 87 Feb. 1 87 Feb. 1 17 87 Feb. Feb. 29 90M Feb. 6M Feb. 14 5 Jan. 12 M Feb. 10 Feb. 70 Feb. 9 8m Feb. 28 Feb. 14 30 110m Jan. Feb. 87 15 1 90 m Feb. 10 6m Jan. 8 11 3 50 1 17 110 Jan. 9 112 Feb. 7 Feb. 7 108 Jan. 20 102 Feb. 25 109 29 104 Jan. 26 Jan. 11 16 2 Feb. 7 15 14 m Jan. 11 12M Feb. 14 11m Jan. 10 Feb. 16 13 m Jan. 11 66 54 m Jan. 22 66 Feb. 24 8 23 Feb. 24 29 125M Feb. 14 106 M Feb. 8 3 114 6 7 14 ..... 114 Feb. 3 —- 107M Feb. 21 107 M Feb. 21 Feb. 15 27 29 103M Feb. 2 13% Feb. Feb. 23 112 Feb. 24 109 Feb. 121m 104% 105m 105% Feb. 29 125 m Feb. Jan. 27 106 m Feb. Feb. 15 106 % Jan. Jan. Jan. 26 108 114 Jan. 107m Jan. 6 19 4 Jan. 29 31 107m Feb. 21 29 114 45 Sale 42M Feb. 1 Feb. 24 47 Feb. 5 47% 108 M Sale Sale Sale Sale 54 47 Feb. 108 7% Sale 57 M 55 Sale 54 M Sale 45 M 48 48 48 M Sale Sale Sale 109 M Sale Sale 46 86 44 49 21 66% Feb. 42 M Feb. Jan. 29 40 64 Jan. 19 68 m Jan. 42 m Jan. 47 m Jan. 9 39m Feb. 26 46 Feb. 9 58M Feb. 9 42 53 49M Feb. 49M Feb. 13 8 Feb. 24 109% Feb. 13 2 8% Feb. 108M Feb. 23 26 Jan. 40 2 1 Jan. Jan. 46 m Jan. 46 Jan. 108 Feb. 20 19 16 13 29 60 m Jan. 51 m Jan. 51 m Jan. 24 109 m Jan. 95 9K 8 107 108 Sale 1967 M S 1st mtge 3 Ms 28.00O Oklahoma Gas & Elec SMs 4s debentures 17.000 1972 J Sale 108 M 109 108 M 109 106M 106% 107 M Sale Sale 110M Sale 107 M 110 106 Sale 107.9 108 106 M 107 M ios"" 106 % 105 105 M 116 117 3 J 117 3 3 105M 76 % J D 1964 J 102.009 Pacific Gas & El 4s series G 1st & ref mtge 3 Ms series H..1961 3 157.000 1st & ref mtge 3 Ms series I.-.1966 J 88.000 D 112% Sale D 108 M 109 M 59 113 Urn Sale Sale Sale Sale 16 Feb. 13 108 Feb. 1 Feb. 10 Sale 109 Feb. 28 109 Sale 107 Feb. 7 109M Feb. 8 108 Feb. 112 1098^ Feb. 9 Sale 106M Feb. 104% Feb. 106 110M Feb. 29 107 9 1 Feb. 9 19 107M Feb. 2 lOnM Feb. 2 0 117M 105 M 117M 105M Feb. 111 M Sale 110M Feb. 17 Ill M Feb. 19 1 117M Feb. 1 117 Feb. Sale 117 M 1 118M Feb. 24 118 Feb. Sale 118 118M Sale 6 Sale 106 105M Feb. 106M Feb. 24 105M 106 5 Feb. Sale 74 M Sale 76 V74M Feb. 27 77 6 60 M 59 61 59M Feb. 21 58M Feb. 112 Feb. 28 112M Feb. 2 112 % Sale 112M Sale 110K Feb. 1 111M Feb. 19 111 M Sale 110% Sale Sale 1 109M Feb. 107 % Feb. Sale 109 7 108 105M 117 M 110% Sale J 7M Feb. 108 Sale 108 ' 110 J D 17 17 15 Sale 49 J 17 Feb. Sale J D Feb. 10 Jan. 3 64 M Feb. 39 M Feb. J J 5M Feb. 2M Feb. Sale Sale 43 mn 2 7 5 19M Feb. 62M Feb. 26 9 5% Feb. 40% 64 % 40 M Sale J , 50 Sale 7M Feb. 16 Jan. 49 Sale J 6 15 106M Feb. M 106 M 106M Feb. 28 107% Feb. 42 M 19M Feb. 30"a Feb. Feb. 18 M Feb. 60 M Feb. iSale 5 6 5M Ill M 111 M 111% ll'lM vSale 108 M 108M 108M 108 M Sale 102 Sale 102 103 M Sale 46 M 1945 55 Sale Sale J 1946 Sale Sale Sale 8 J 5s_.1946 5s stamped 1946 Sale 10M 7 F 3 19 M Feb. Feb. 107M 107 48 M 42 Sale 45 105 M "17 M 8 Sale For footnotes see page 30. 5M Sale 4 8M 66 M 40 1966 J D 1946 J D 1943 F A 63 Sale Sale 5 108 M 108 M 1st guar cons 16.009 137.009 Ore-Wash RR & Nav 1st & ref 4s 1961 .1962 97.000 Otis Steel 1st mtge 4Ms A 1946 15.009 Pacific Coast Co 1st g 5s. ;t* - 18% 105 M 106 108 M 34.000 Oregon RR & Nav con g 4s 25,009 Oregon Short Line 1st con g 5 106 5 28.000 Ontario Power N F 1st 5s 3.000 Ontario Transmission 1st 5s 29 108M 107 106 M 105 1965 MN 97 ooo Sale 17 82 48% 109% 49 J 16m Jan. 16 15m Feb. 23 9 03.000 Ohio Edison 1st mtge 4s 1st mtge 4s 26.000 1943 20 Feb. Sale 50 109M Jan. 16M Feb. 106 J 16 17 Sale A 29 16 Sale F 20 17 107 J 28 Feb. Sale 105 M 40 Feb. 16 M Sale 13 Feb. 26 99M Feb. 17 60 Jan. 8 64 Feb. 23 67 16 % 15 Sale 5 23 72 16 M 19 M 23 30 Jan. 29 M 24 Jan. 15 Feb. 2 31 71 15M Feb. 23 16 14 25 20 6 106 Sale 23 Feb. Feb. Feb. 3 65" Feb". *26 15M Feb. 23 Sale M Feb. 64 16 Sale 68 12 17 2 15M Feb. 16M Feb. i06M 36 11% Jan. 99M Feb. 53M Jan. 15 M Feb. 105% 106% 37*" "i5" 82 % 30 126M Jan. 29 118M Feb. 19 16 121 M Feb. 121 M Sale 106 M 107 105M Feb. 195M 105 M 105M Feb. O J Feb. 125M Jan. 117M Jan. 17 31M 5M 19 16 Sale 16 122 % 106 105M 117 19 15 M Sale 9M 6M 22 20 15 M 5M 2M 78 M Sale 61M 53M 77M 81 % 78M 104% 15 M Sale Sale 88 M 4% 4% 109 M 110M 108 M 109 M 103 M 103 M 12M Sale l\y> 72 66 83M J 15 61 M Sale J 71 M Feb. 62 106M 108M 104M 106 5M 5M "28 18 M Sale *54* * 38 M 110 23 Feb. 17M 32 M mn Feb. 67 99% J 9 64 "26 74 O 105 23 Feb. 75M mn A Feb. 65"" 72 M A F 64 69 99 % J J 70 73 Sale 109M 63 64 M 60 ----- 15 M 8 75 70 70 15 X 15% 15M ref 5s ser A..1974 m s Gen & ref 4Ms series A 1974 m s tiNorthern Ohio Ry 1st guar 5s Apr 1 1935 and sub coupons..1945 lOct 1938 and sub coupons...1945 iCertificates of dep stamped Apr '33 to Oct '34 coup 1945 April *33 to Oct *38 coup.-.1945 Northern Pacific prior lien 4s__1997 Gen & lien ry & id gt 3s__Jan 2047 Ref & impt 4Ms series A 2047 Ref & impt 6s series B 2047 Ref & impt 5s series C 2047 Ref & impt 5s series D 2047 Northern States Power 3Ms.--.1967 N'western Teleg 4M8 extended.1944 26 99M Feb. 58M Feb. J 1.000 North Cent gen & 1,000 Feb. 19 J 125.00O Norfolk & West Ry 1st con g 4s. 1996 A 11 =4000 North Amer Co deb 3 Ms—- —1949 F 79.0on '15 17 15 M 15 M 167.000 New York Steam Corp 3 Ms...-1963 J iSecond 15 56M Feb. 16M 1951 mn 179.000 J*iNY Susq & West 11% Feb. 99 M Feb. 75 78 19 118.M Feb. 57 16 M 101M 75 3M 16 26 13 M 15 O 118 Sale 55 15 A 118 95 O s 10 126M Feb. Feb. 124M 125 M 125M Feb. 3 Jan. 13 O m 9 15 3 4 2 Jan. 58 M A mn Feb. 56M Jan. 62% Jan. 63 % Jan. 67 99 % A D 79 60 55 M 58 99M J 2 22 15 11H 16 J Jan. 27 95 75M J Jan. 62 Jan. Jan. Jan. Jan. Jan. Jan. ■ 125 M 117 % M s mn Jan. 31 31 111 23 3 86 Jan. Feb. 1 82 81 M Sale 81M Feb. 27 85 16 105M Jan. 105M 105 M Sale 104% Feb. 16 105M Feb. 14 Feb. 15 106 108M Jan. 106 Feb. Sale 107 Feb. 5 15 104 108M 107 1 52 M Feb. 24 t~50M Jan. 15 52 M Feb: 51M Sale" -50m:~52"mn5•lM^FebT 47 Jan. 24 51M Feb. 1 52 49 Feb. 50 49 Sale 51M Feb. 23 Feb. 26 109M Jan. Sale 108 Feb. 26 109 M Feb. 16 108 108 108M Sale Jan. 7 110 9 108M Feb. 7 109M Feb. 108 M Sale 104 M HO 108M Feb. 85 63 M 65 18* llH Jan. 56M Feb. 105 75 M 6.000 N Y & Putnam 1st con guar 4s_.1993 A O 32,000 N Y & Queens El Lt & Pr 3 Ms.-1965 MN New York Railways Corp— Prior lien 6s stamped --1958 J J 9.000 * 63 m S 1995 J D iGeneral 4s 5.000 " J 13 M 102 Sale 65 Ill 1 18 79M Jan. 30 90M Feb. 29 59M Feb. 28 N Y & Erie—See Erie RR. 40,000 Jan. 2 15 54 82 .49 32M Feb. 28 3 39M Jan. 33 M Feb. 21 Feb. 33 17 56M Feb. 82% Feb. 85M Feb. Sale Sale 109 1 29 31M Feb. 3 13 Jan. 9 79 M 84 28 34 M Jan. 3 53 M Feb. 2 86 Feb. Sale 15 56 Feb. Sale Jan. 34 M Jan. 37 M Jan. 32 M Feb. Feb. 28 6 90M Feb. 29 59M Feb. 28 67 57 M 38 4 8 27 60 81 Jan. 27 3 64 30 Feb. Feb. Sale 12 56M Jan. 63 60 64 8 Jan. 77 Sale 58 5 Feb. 5 6 Feb. 9 57M Feb. 56M Feb. 27 Sale 3 Jan, 13 Feb. 65 Jan. 32M Feb. Feb. A 23 30 79 86 M 23 Feb. Feb. 60 F 52—Sale" 30 30 Feb. Jan. 2 Sale 85 Jan. Jan. 29 27 Sale 77 30 Feb. 77 M Sale 59 M Sale 56 M 59 59 15 78M 55 M 105M 106 Vs 71M 29 M 30 Feb. 57 77 11 11 3 57 Feb. 10 Jan. Feb. 86 83 % Feb. 2 109 16 25 61 75 M 90 M Sale Prices 3 128M Jan. 10 17 127 M Feb. 10 27M Feb. 21 1 J 81M Feb. 13 Feb. 28 Feb. 28 Feb. 20 Feb. 21 79 A 75 32M 34M 32M 36M 33M 60M Feb. F 105M Sale 105M 107 8 28 J 58 M 14 Jan. Jan. Jan. Jan. Jan. Jan. 54M Feb. 51M Feb. 57% Feb. 1998 1998 - Feb. 107M 69M 53 % 102M 103M 66M 1 52% Sale 58 M Sale 58 M Sale 1942 _ 24 31M Feb. 1 111 1997 $ St Louis— Refunding 5Ms series A 1974 A O Refunding 4Ms series C 1978 m 5 4s collateral trust 1946 F A 1st mtge 3 Ms extended to 1947 A O 3-year 6% notes —1941 A O N Y Connecting 1st gu 4Ms A.. 1953 F A 1st gtd 5s series B 1953 F A N YDockrlst gold4s- ;."_-—-—1951 FA Convertible 5% notes 1947 A O N Y Edison 3 Ms series D 1965 A O 1st lien & ref 3 Ms series E... 1966 A O 35 26 Lake Shore coll g 3 Ms Mich Cent coll g 3 Ms 3 Ms Feb. 125% Feb. 124M Jan. 56M Jan. 74M Jan. 51 % Jan. 57 M Feb. 77 M Feb. Debenture 4s of 1912 79 M New York Chicago 106.000 Feb. 72M Feb. 6 78M Feb. 23 "55" 59 M 53 M Feb. 10 55M Feb. 103 M Feb. 104 M Sale 2 104M Feb. 104 Feb. 15 105M Feb. 105 M Sale 69 M 70 Feb. 19 69 % 71M Feb. 28 34 27M Feb. 27M Feb. 21 78 H 32 58 M 2013 1952 126M Feb. 20 127M Feb. 10 1 Highest Sale Prices Sale Prices Sale Prices 125% Feb. 126M Feb. 108 Lowest Highest J 91,000 N Y C & H R g mtge 250.000 *37 % ~40"" If* 104M Sale 107"" ::::: 1945 Ask Ask 127 125M • Alst 5 Ms series A iCertificates of deposit Ask Bid Bid Lowest Feb. 29 Bid 28 iCertificates of deposit— 3 000 44 000 RANGE SINCE JAN. PRICES IN FEBRUARY Price bonds February H exchange—bonds stock n. y. March, 1940] 105M 8% Jan. 23 7M Feb. 16 2 Feb. 13 108 m Jan. 5 107m Jan. 23 109 m Jan. 2 109m Jan. 23 108m Jan. Feb. 9 5 108 106% Jan. 109% Jan. 22 110m Jan. 11 Feb. 9 5 107 105m Jan. 104m Feb. 19 108m Jan. 11 2 2 105 m Feb. 105m Feb. 110M Jan. 16 111M Jan. 26 1 116m Jan. 15 117M Feb. 13 118M Feb. 24 118 Jan. 18 106 m Feb. 24 104 m Jan. Feb. 5 77 74 m Feb. 27 60 % Jan. 27 6 58m Feb. 108 Jan. 27 113% Jan. 4 109m Jan. 107m Jan. 30 112m Jan. 26 109 m Feb. 10 112 7 28 n. y. stock exchange—bonds Sales in bonds Value n. y. stock exchange U F A 3 A J O J D 3 J M S f a 1 Jan. 2, 1940 Bid 7,000 *APacific RR of Mo 1st ext 4s__1938 *A2d extended gold 5s -1938 19~66O Pacific Tel & Tel 3 Ms series B._1966 79,000 Ref mtge 3MS series O 1966 Paducah & Illinois 1st s f 4 M8--1955 68",000 H Panhandle Eastern Pipe L 4s A1952 Paramount Broadway Corp— 70,000 1st mtge s f g 3s loan ctfs--.-1955 RANGE SINCE JAN. PRICES IN FEBRUARY Price February 75 68 Feb. Ask 80 80 109 m 109 M 110M 110M 101% 104 M 105 48 m 50 1 Lowest Highest Lowest Feb. 29 Sale Prices Sale Prices Ask Bid Ask Feb. 17 74 M Feb. 26 75 74 M 70 79M 70 74M 75M 108 M 109 6 108 M 109 M 108J4 Feb. 2 109M Feb. 109 M 110M 110M 110M Feb. 6 110 M Feb. 15 Prices 74M Feb. 26 Sale Prices 79 Jan. 30 75 75 Bid 101% ---<t 103 M Sale 49 M Sale 101M 104 103 H 103 % 103M Feb. 50 Sale 49 M Feb. 85 M Sale 43 M 84 M Feb . 43 M Feb. Highest Jan. 24 Jan. 24 108% Jan. 109M Jan. 25 109% Jan. 24 110m Jan. 11 12 104% Jan. 12 1 103 M Feb. 3 103 M Jan. Feb. 14 48M Jan. 25 50 84M Jan. 43M Jan. 3 31 86% Jan. 8 45 Jan. 9 125% Feb. Feb. 2 72 26 1 50 Jan. 10 10 Paramount Pictures Inc— M S 64,000 3 Ms conv debenture 1947 15,000 Parmelee Trans conv deb 6s 1944 A O 7,000 Paterson & Passaic G & E 5s___1949 M S 5,000 APaulista Ry 1st & ref 7s ser A__1942 MS Pennsylvania Co— Guar 3 Ms coll tr ctfs ser B...1941 Guar g 3 Ms tr ctfs ser C 1942 Guar g 3Ms tr ctfs ser D 1944 13,000 40-year guar tr ctfs 4s ser E__1952 129,000 28-year 4s -—1963 35,000 Penn Dixie Cement 1st 6s A—-1941 3,000 Penn Glass Sand 1st mtge 4%s_1960 2,000 5,000 F A J D J D MN F A M S 3 D 83H' 41M 124 67 m 84M 44 Sale 102 m 104 % 85 43 m 125 125 70 105 % 106 102M 105% 106 M 104 M 103 105 M 103 m 94 105M -- 104% Sale 98% ----- 96 105 86 44 m 126 Sale ----- 42 M 125 % 126M 125 70 70 72 102 M 105 M Feb. Feb. 102% Feb. 105 % Feb. 3 8 85 m Feb. 2 17 44M Feb. 5 125M Feb. 26 72 Feb. 20 1 10 102% Feb. 10 14 105M Feb. 14 124 67M Jan. 102M Jan. 105% Feb. 106 107 105 M Feb. 105M 103 M 104 M 103 M Feb. Sale Sale 94 Feb. 95 M 97 M 105 M Feb. 106% 106 M - 19 106M Feb. 10 8 2 104 M Feb. 97 Feb. 19 1 7 106M Feb. 20 Jan. Jan. 3 102% Feb. 14 105% Feb. 5 106 Jan. 104M Jan. 5 106% Feb. Jan. 6 20 10 14 5 10 8 94 Feb. 2 104% Feb. 1 97% Jan. 105 Jan. 4 106m Feb. 96M 97M 107% 107 " 108% 113m Jan. Feb. 3 98M Feb. 15 1 99 103 19 20 Penn Ohio & Detroit RR—. 108,000 1st & ref gold 4Ms series A—1977 33,000 4%s series B —1981 221,000 Pennsylvania Power & Lt 3 Ms--1969 85,000 4Ms debentures —1974 1,000 Penn RR consoi gold 4s 1943 80,000 Consoi gold 4s 1948 28,000 Stamped dollar bonds- - - - -1948 234,000 Gen mtge 3 Ms series O 1970 105,000 Consoi 4Ms issue of 1915 1960 449,000 General 4Ms series A —1965 128,000 General 5s series B 1968 341,000 Debenture gold 4 Ms— 1970 251,000 General 4%sseries D-------1981 157,000 Genjmtge 4 Ms series E 1984 214,000 Conv deb 3 Ms •--1952 57~,000 P-eoples Gas~&_Goke 1st 6s- .—-1943 19,000 Refunding gold 5s___ —1947 175,000 Peoria & East 1st cons 4s 1940 86,000 ilncome 4s (flat) - -1990 Peoria & P.ekin Un 1st 5Ms A. _ 1974 44,000 Pere Marquette 1st 5s series A__19£>6 22,000 1st 4s series B 1956 52,000 1st g 4Ms series C —1980 120,000 Phelps Dodge conv 3 Ms deb—1952 25,000 Phila Bait & Wash 1st g 4s 1943 3,000 General 5s series B 1974 6,000 General g 4Ms series O 1977 7,000 General IMs series D—----1981 246,000 Phila Co secured gold 5s ---1967 81,000 Phila Electric 1st & ref 3 Ms 1967 43 ,000 t APhila & Read O & I ref 6s—1973 63,000 AOonvertible deb 6s 1949 128,000 t*APhilippineRy lst30-yrsf 4s_1937 A O J J F A F A MN _ ______ 1,000 6,000 1,000 19,000 1,000 27,000 64,000 135,000 101M Sale J D 108 A O 87 M O 96M 95M 85% J J A O A O --1975 General g 5s series B General 4%s series O Apr f A J J J J M S 1951 |AProvidence Secur deb 4s gu___l957 J D 106 M S J J M S J J A 31,000 198,000 35,000 O D M S J J J J J 87,000 147,000 47,000 4,000 1,000 _ _ 1,000 10,000 1 -000 80,000 J J MN Gen & ref 4Ms series A./, 1997 Gen & ref 4Ms series B__ 1997 Remington Rand deb 4 Ms w w_1956 4Ms without warrants 1956 J 1,000 _ _ _ 42,000 47 000 Republic Steel Corp 4 Ms ser B__1961 Purch money 1st 5Ms conv-_1954 Gen mtge 4Ms series C 1956 Revere Copper & Brass 1st 4 Ms. 1956 ARheinelbe Union s f g 7s ---1946 -a3 Ms assented. 1946 113 M Sale 113M 114 88 M Sale 117M 118 100 Vs Sale 107 M Sale 86 M Sale 97 M Sale 96 M Sale 84 M Sale 114M Sale II¥M~Sale 66 M Sale 97 Sale ----- Feb. 97 M Feb. 107 M Feb. 107 Feb. 6 Sale 64 M 55 57 M 110M 109 H 113M 108 M 107 M 105 M 110M 11M 3M 6 66 M 2 98 M Feb. Feb. 1 99 26 108H Feb. 15 Feb, Feb, 21 2 108 108M 114M 114 M 90 M 118M 102 M 107 M 87 H 108M Feb. zll3M Feb. Feb, 114M 115 Feb, 114 114M 113 M Feb. 89 M Sale 88 m Feb. Feb, 118 Sale 117 M Feb. Feb, 100 M Feb. Feb, 101H Sale Sale Feb, 106M Feb. 86 Feb. Feb, 87^8 Sale 98 Feb, 95 m Sale 95 m Feb. Feb, 95 m Sale 95M Feb. 27 98 Sale 85 M Feb 83 83 Feb. 29 114 Feb.- 1- 115M Feb, 115M 116 1 MM Feb. 116 M' Sate 1 116M Feb Feb Feb. 68 64 67M Sale Feb Feb. 10 9 6 9M 13 6 9 20 , _ 106 5A 110M 107 96 m 110M 98 63 110 23 10 113 24 117 9 6 26 6 7 9 13 29 28 19 ■ 64 m 54 7A Sale 64 57 52 M 55 57 m 57M Sale 110M 111 11.1 M 110 m 109M 109M 114 115 1115 115 108H 109 Ji 108 M 107 " 107M 105 M Sale 105 M Sale 110M HOM 109M Sale 11M 11M 11M Sale 3M Sale Sale 3M 6 6M 8M Sale ----- —— 102 M 103 M 107 m 109 108 M 109 m 105 111M Sale 99 M Sale Feb. Feb. 10 3 5 Feb. 9 56 Feb. 9 60 Feb. 111M Feb. 28 110M Feb. 13 7 115 Feb. 65 Feb. 26 Feb. 19 Feb. 21 7 Feb. Feb. 21 7 109 Feb. 10 108 Feb. 27 Feb. ~ ' 1 106 M Feb. 19 Feb. 1 6 110M Feb. Feb. 9 5 12 M Feb. Feb. 3% Feb. 13 Feb. 29 6 Feb. 8% Feb. 21 111M 112 100 100 M 111 M Feb. 99 m Feb. 9 7 112M Feb. 1 100 M Feb. 21 102% 103 M 102% 103 H Feb. 107 M 108 107 H 109 107 m Feb. 19 108 108 M 108 % 108M Feb. 28 108 M Feb. 109 111M 105 87m 100m 106m 85 95% 95m 83 114 Feb. 26 109 2 108% Feb, Jan. 19 109% Jan. 13 114% Jan. 31 114% Jan. 29 90% Jan. 20 118m Jan. 31 102% Jan. 31 108% 89 m Jan. 23 Feb. 27 98 m Feb. 27 98 Feb. 29 87 m Feb. 13 Jan. Jan. 8 3 Jan. 25 9 8 Jan. Jan. Jan. 6 Feb. 24 Jan. 8 Jan. Jan. Jan. Jan. Jan. 22 22 116% Feb. 29 69 m Jan. 4 64 7 Feb. Feb. 19 1 10 6 Feb. 106m Jan. 24 106% Jan. .19 Jan. 5 63m Jan. 20 67 Feb. 1 116 Jan. 114% Jan. 55 57 Jan. 24 58 Jan. 2 Jan. 20 61m Jan. 9 109% Jan. 109% Jan. 19 111% Jan. 10 17 110% Feb. 13 Jan.20 115 3 114 Jan. 107 Feb. 21 3 109 Feb. 27 9 108 Jan. Jan. 20 106 m Feb. 19 6 111m Jan. 10 Feb. 6 12m Jan. Jan. 17 3 3% Jan. Jan. 17 Jan. 26 8% Feb. 21 106% 104% 109% 10% 3% 6 Jan. 107 M 108 M 103 m 108 95 99 108 43 108 40 108% 109 % 108 116 115 "45% 44 m Sale 44 m 106 Sale 105 109 40 42 M 106 28 28 110% Jan. 98 107 109 M 109 109 108 109 M 109 115M 116M 116 Jan. 102% Jan. 107m Jan. 108% Jan. 12 1123 Feb. 9 3 1003 Feb. 21 3 103 19 108 28 108% 4 112 Jan. Feb. 5 28 Feb. 21 Feb. 5 Feb. 24 Feb. 28 Jan. 112 Jan. 21 108 Feb. 5 24 109% Feb. 21 108 2 110 109 Feb. 24 109 116 Jan. Feb. 23 16 18 116% Feb. 16 115% Feb. Feb. 9 105 M Feb. 21 108 2 110 Feb. 108 Feb. 24 109 Feb. 20 116m 116 ii7m 115M 115M 116M 115M Feb. 16 115m Sale 105 M 108M 105 105 Feb. 29 107 105 M 106 M 103 M 105 H 105 M Feb. 23 106 m 99 98 m Sale 98 H Sale 97 M Feb. 21 105 Feb. Feb. Feb. Feb. Feb. 6 Feb. 2 Feb. 9 17 15 115% Feb. 104% Jan. 19 108% Jan. Jan. 22 107 4 23 16 10 5 11 105% Jan. 97% Feb. 21 100 Jan. 46 Jan, 5 44% Jan. 46% Jan. 2 4 108 "43"" 42% Feb. 51 42M Feb. 6 44 m 45 44 43 44 m Feb. Sale 42 Feb. Feb. 6 Sale 29 44M Feb. Sale 72% Feb. 1 75% Feb. 8 7 107% Feb. 1 78 Feb. 2 78 Feb. 23 104 Jan. 29 59 Jan. 42 6 Jan. 24 40% Jan. 23 67% Jan. 24 81% Jan. 5 20 107% Feb. 23 Feb. 29 10 78 78 Feb. 29 16 15 25% Feb. 28 Feb. 26 16 110 41 106 110M 110M 110m 106 106 106 80 M Sale 106% 62 m Sale 64 M 105 M 59 iilM 111M 146 149 219 223 142 219 109 Sale A O J J J D J D 52 M J D 50 A O 55 M Sale J J 73 M J J 73 M S M S F A MiV MN J 3 J J "3 1950 MN 1952 MN 1953 F A 1955 A O 1952 M S ±Rima Steels f 7s 1955 Richmond Term Ry 1st guar 5s .1952 J 3 t*ARio Grande June 1st guar 5s 1939 +**Rio Grande Western 1st g 4sl939 Gst con & coll tr 4s series A_ 1949 ARuhr Chemical 6s 1 a Rutl and-Canadian 4s stpd jARutland RR 4%s stpd__ 55,000 _ For footnotes, see page 30. M M M M M A O J J A J J O Sale Sale 77 M M Sale 96 M 99 m 98 M 100 M 99 95 107 M 95 M Sale Sale Sale 100M 100 M 20 H 15 12M 13M 19 m ----- 13 M 13M 13M 108 ----- Sale 49 Sale 12M 73 107 Sale" 6M 68 77 75 107 m 106M Feb. Sale 59 Feb. Sale 59 Feb. 1 18% Feb. 25% 9 110 109M Feb. "83"" 82 Feb. 17 82 3% 3M 5M 3% Feb. 28 Sale 29 Feb. 28 Feb. Feb. 26 Feb. 28 17 111M Feb. 13 112 Feb. 8 150 148 Feb. 147 223 m 222 222 m Feb. 108 % Sale" 108M Feb. 109 M Sale 103 M Sale 104 m 104 M 103 M Feb. 19 148 Feb. 19 28 223 % Feb. 19 26 109m Feb. 1 104% Feb. 19 55 m 55 m 57 72 72 m 111M 112 61M 50 M 50 64 Sale" Sale 60 Hale 71M Sale Sale 71 72 Sale 15M 14 M Sale 29 Sale 16 m 19m 14M 14 14 28 M 30 M Sale 28 M 120 10M 121M 107 107 M 108 11M 9 23 1 Feb. 29 30 17 Feb. 20 17 8 8 97 21 21 13 8% 9 % Sale 109% "9% 9% 95 m 104 96 M 111 82% Jan. 5 Jan. 9 5 14% Feb. 15 Feb. 14 m Feb. 30 m Sale 7 M 7M Jan. 19 5 112 110% Jan. 148 Feb. 19 148 Feb. 19 Jan. 30 222% Feb. 28 224 6 108% Feb. 26 109% Feb. 102% Jan. 15 104% Feb. 19 52% Jan. 57% Jan. 55% Jan. 71 Feb. 71 Feb. 27 19 Feb. 29 Feb. 20 28% Feb. 10% Feb. 8 14% Feb. Feb. 7 14% Feb. 26 108 Feb. 2 2 30 1 98% Jan. 98% Jan. 91% Jan. 107 Jan. 92 Jan. 99% Jan. 26 15 Jan. Feb. 26 18 100% Feb. 19 8 102 29 95% Jan. 2 5 108% Feb. 9 26 96 Feb. 24 27 100% Jan. 19 30 Feb. 3 17 Jan. 30 15 15% Jan. 14% Jan. 30 14 11 15% 15 15% 14% Jan. 14% Feb. 106 Feb. 105 Jan. 19 10% Jan. 28 30 M Feb. 20 29 11% Feb. 13 2 28% Jan. 10% Feb. 29 109% Feb. 9% Feb. 21 8% Feb. 8m Feb. 13 98m Feb. Feb. 14 108% Jan. 107 % Jan 6% Jan. . 30 Jan. 30 Jan. 12 7 19 105 20 13 16 Jan. Jan. 10% Feb. 3 29 Feb. 20 Jan. 30 7 26 109 13 Feb. Feb. Feb. 20 64% Feb. 9 60% Feb. 23 75% Jan. 9 75 Jan. 5 65 16% Jan. 15 111M 111M 107 M 108% 108 mn 107 M 108 9 7 7 9% 7m 16% 18 28 2 26 109 m 105 m Jan. 3% Feb. 79 2 8 94 M 29 108 M 106 120 20 9 6 Feb. 28 9 Feb. 24 108m Feb. 1 96 Feb. 24 Feb. 1 100% Feb. 14 Feb. Feb. 106 m 106 Feb. 103 M 105%;103M 105 12 10M 8M 10% Feb. 7% 49 39 40 35 M 108 65 6 "19 m !5M 14 % 14% 14% 15M 8 Feb. 64% Feb. 60% Feb. 8 71 Feb. 73 Feb. 73 Feb. 71 Feb. 27 2 102 Feb. 99% Feb. 3 100 M Feb. 99% Feb. 57% Feb. 64 M Feb. 56M Feb. 101M Sale 99 H 100 M Sale 98M 100 M 100 H 93"" Sale "94 m Sale 93 107 H Sale 107 M Sale 107 m 95 M Sale 93 M Sale 93% 99 100 m 99M Sale 99M r30 58% Jan. 17% Jan. 108% Jan. 65 153"" 14 ----- 102 H 105 28 M 11- 5 S S S S __1948A O 1949 J J 1941 J J 107,000 Saguenay Pow Ltd 1st M 4MS--1966 St Jos & Grand Island 1st g 4s__1947 2,000 St Lawr & Adirondack 1st g 5s_ 1996 2d gold 6s .1996 103 % 104 40 _ 83.660 4 60 110M 1953 J Rochester Gas & El 4 Ms ser D..1977 Gen mtge 3 Ms series H______ 1967 Gen mtge 3 Ms series i 1967 Gen mtge 3 Ms series J 1969 71,000 107,000 *t ARock Is Ark & Louis 1st 4 Ms 1934 84 Vs 4M 60 Sale 60 58 M 23 m 18M Sale 108 M 109 m 109 M 82 81 71 J ARhine-West Elec Power 7s ADirect mortgage gold 6s ACons mtge 6s mtge 6s H Richfield Oil 4s conv deb ______ £7/* Sale J ARhine-Ruhr Wat Serv 6s _ 80 Sale 72 M D ^ Sale 97 M 98 108M Sale 107 M Sale 109 J J „ _ Sale 6 110 109 Rensselaer & Saratoga 1st gu 6s_1941 MN 185,000 Sale 110M Sale 11H 12% 3% v<* 7% 6% XI* J 1956 M S AProvidence Terminal 1st 4s 3,000 Public Service El & Gas 3Ms--j1§68 1,000 1st & ref mtge 5s _ 2037 9,000 1st & ref mtge 8s_---2037 79,000 pub Serv of Nor 111 3Ms-_-_ — -1968 53,000 Purity Bakeries Corp s f g 5s___ 19-18 t ARadio-Keith-Orph pt pd ctfs for deb 6s & com stk (65% pd) 117,000 *iDebenture gold 6s 1941 2,000 *a6s stamped.______ 1941 26,000 Read Co Jersey Cen coll g 4s___1951 122,000 Sale 97 Sale 1977 2,000 Pressed Steel Car deb 5s t Sale J D J 4s ser A__1948 1962 —1974 580,000 Portland General Electric 4Ms.-I960 26,000 1st 5s extended to 1950 163,000 I APorto Rican Am Tobac conv 6si942 410,000 a6s stamped 1942 3,404,000 t* APostal Teleg & Cable coll 5s-1953 34,000 Potomac Elec Power 1st M 3 Ms-1966 10,000 Sale Sale Sale" Sale Sale .116 M Sale 9M 110M J 1977 J J 4s.__-1943 MN 1st 4 Ms series D _ 7M 106 M 65 58 Sale 59 M Sale 110M Sale 109 M HO 110M 115 106 M 107 106 M D MJV F A J 38,000 Pitts & West Va 1st 4%s ser A_1958 J 6,000 1st mtge 4 Ms series B 1959 66,000 1st mtge 4 M s series C 1960 Pitts Y & Ash 1st gen 1st gen 5s series B 1st gen 5s series C 115% MS ITS A O 69M — Pitts Va & Char 1st guar 107 m D 4Ms series A-__1940 A O Con 4Ms series B guar g 1942 A O Con 4Ms series O guar g 1942 MN Con 4s series D guar g__, 1945 MN Con 3 Ms series E guar g__.—1949 f A Con 4s series F guar g 1953 3 D Con 4s series G guar g 1957 MN Con 4s series H guar g 1960 F A Con 4M8 series I g 1963 F A Con 4mb series J guar 1964 MN Gen guar 5s series A 1970 J D — Sale J P C C & St L g 10,000 1,000 97 m 108 M A A 94 M Sale f MN MN A O deposit114,000 Phillips Petroleum conv 3s___--1948 MS 33,000 Pitts Coke & Iron conv 4Ms A. -1952 M S ACertificates of Sate 100 109 1C9M 113 >2 114% 113 % Sale 88 M Sale 118 Sale - _ 97 m 94 108 m 108 Feb. 9 Jan. 19 10% Jan. 20 31 Jan. 24 12% Jan. 3 8 111 Jan. 29 11 109% Feb. 24 16 9% Feb. 21 29 8% 8 27 Feb. 27 95 94% 97% 111 111% 112 94 94 60 94 80 79M 60 79% 23 7% Feb. 7 % Feb. Feb. 6 111% 6 15 7% Feb. 7% Feb. 95 Jan. 110% Jan. 23 9 Jan. 2 27 9% Jan. 23 30 98% Feb. 15 14 16 111% Feb. N. Y. STOCK March, 1940] Sales in Value Jan. 2, Feb. 1 1940 n. t. stock exchange Ask Bid _ " 12,000 37,000 66,000 37,000 17,000 11,000 8,000 34,000 31,000 89,000 j" J m S 63 j 58M J J 115* Sale 11M Sale yj Sale 12 115* Sale M S J J Ms 1941 F A iASt Paul E Grand Trunk 4 Ms.. 1947 ASt Paul & K O Short L gu 4 t Paul Minn & Manitoba— 61M Sale 61 Sale 21M 25 J jASt Louis Southwest 1st g4s—1989 mjv J A2d gold 4s income bond Nov 1989 J *Alst terminal & unif 5s 1952 J J J a Gen & ref 5s series A. 1990 J St Paul & Duluth 1st consol 4s..1968 J D "5,666 24,000 MN Bid tPacific Ext sterling guar 4s_.1940 j J J St Paul Union Depot 1st 5s guar.1972 J J San Ant & Aran Pass 1st guar 4s.1943 J San Antonio Pub Serv 4s 1963 A O M N San Diego Cons G & E 4s 1965 11M Sale 10M HM 60 27 M 64 33 175* Sale 105* Sale 82 95 4M Sale 6M 8 ill" 115^ Sale 54 107 M 108 M 110 112 Santa Fe Prescott & Phoenix 1st 5s'42 m S 1095* J J 185* 25 t ASchulco Co guar 6 Ms 1946 3 J 185* 20M AStamped 29 M 32 AGuar. sinking fund 6 Ms B—.1946 A O - AStamped — A O 29 M 32 1989 MN 115 13 M 16 11,000 ♦t ASeaboardAir Line 1st g 4s.. .1950 A O 15 5* Sale ♦AStamped 4s 1950 AO 108,000 6,000 Scio Vail & N E 1st guar g 4s # ^Adjustment 5s -Oct 1949 f ♦ARefuhdlng g"4S—n959 a 24,000 53,000 ACertificates of deposit 20,000 Alst & cons 6s series A 1945 261,000 ACertificates of deposit146,000 X* AAtl-Birm Div 1st g 4s May 1933 12,000 103.000 t ASeaboard Air-Fla 6s A ctfs 1935 a6s series B ctfs of dep ...1935 -.1954 444.006 Shell Union Oil 2Ms debs 10,000 Shinyetsu El Pow 1st 65*s 1952 1951 5,000 ASiemens & Halske deb 6Ms 1946 1,000 ASilesia Elec Corp 6 Ms 16,000 Silesian Am Corp coll tr g 7s 1941 1952 202,000 Simmons Co conv deb 4s 1951 22,000 Skelly Oil debenture 4s 1964 200,000 Socony-V acuum Oil 3s debs South & Nor Ala gu 5s ...1963 47,000 134,000 41,000 26,000 24,000 375,000 5 45* m S MB A 35* f J A J 3M J D m S f A a Ask Bid Ask M S mn mn J J O J 29 M Sale J J J 50 48 5* 48 5* 48 M 56 M 80 63 Sale Sale Sale Sale Sale Sale Sale Sale Sale J Sale O Sale 79M o Sale J J 78 73 112 D J MN J 107 M 1075* J 195* F A 107 J J D Sale J J Sale J Sale MN 106M Sale 30 16M 17M 9 85 90 4M 5M 9M 75* 55* Sale Sale Sale 14 Sale 12 Sale 11M Sale 57 M 28 M 16 M 9 82 58 33 Sale 4M 5M Sale 15 13 5* iM 15 55*—Sale 4 5* 45* 7% Sale 6 M Sale 5M 6M 13 16 25* Sale 2M 35* 95 5* 57 Sale 295* 13 5* 25M 33 62 39 121M 125 11 10H 15M 2M Sale 35* Sale 62 M 65 31M 14 M Sale" 24 M 25 101M Sale — 106 M 107 43 5* Sale 48 K Sale 46 M Sale 455* 455* 52 M 775* 59 M 465s 78 M 60 Sale 45 H 52 5* Sale Sale Sale Sale Sale Sale Sale 45 M Sale Sale Sale 103M Sale Sale Sale 106 M 107 45 Sale 47 M Sale Sale 6 21 16 3 26 Jan. Jan. 15 13 12 20 105* Jan. 12 20 10 Jan. 14 585* Feb. 21 30 Feb. 24 5M Feb. 6 5 105* Jan. 135* Feb. 20 13 Feb. 20 15M 15M 12M 12 M Feb. Feb. Feb. Feb. 20 20 20 20 4 20 10 Jan. 12 6 2 56 Jan. 23 64 Jan. 275* Jan. 12 12 30 Feb. 21 Jan. Feb. 21 17M Feb. 9M Feb. 2 8 85* Jan. 19 175* Jan. 105* Jan. Feb. 24 19 6 2 8 4M Jan. 5M Feb. J an. 6M Feb. 6M Jan. 4 122 % Feb. 12 M Feb. 11 Feb. 1 975* Jan. 26 98M Jan. Feb. 5 116 2 61M Jan. 14 5 98M Feb. 26 1 116 Feb. 24 2 27 57 M Feb. 5 1 108M Feb. 8 23 111M Feb. Feb. 21 26 Ill 29 30% Feb. 19 5 305* Feb. 19 8 43 M Feb. 21 8 44 M Feb. 20 16 1235* Feb. 15 125* Feb. 45* Feb. Sale Sale 95>l 3 10 Feb. Feb. 28 1M 25* 1M Feb. 14 -r-4M Sale.. -4M Feb. .28 Sale 4M 6M Jan. 235* Jan. 66 M Feb. 62M Jan. 11 57 30 $* —: 62 15 20 155* 155* 12 M 125* 97 5* Sale 985* 97 5* Feb. Sale 115M H6M 1145* Feb. 55 H 56 56 Feb. 57 M Sale 1075* Sale 107 % Sale 107% Feb. 1115* 1115* 111 M 1115* 1115* Feb. 109 5* 110 109M 110 109M Feb. 28 M Sale 28M Feb. II* 28 M 26 Feb. 295* 25 43 M Sale 37 Feb. 34 Sale 43 38 M 36% Feb. 35M 13 3 18 20 13 2 16M Feb. 21 9 .Feb. 15 62M Jan. 20 2 5 18 Feb. Feb. Feb. Feb. 2 6 Jan. Jan. Jan. Feb. Feb. 13 M Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 8 7 66M Feb. 21 58M Feb. 26 11 97 M 13 Feb. 105* 125* 115* 105* 105* 114 H 116 21 595* 585* 18M 65M 58M 16 2 2 90 87 M Sale 57 M Sale 76 M Sale Sale 80 H Sale Sale 78 72 M 78 68 66 69 M 110M 111M 1115* Sale 107 M 107 5* 107 M Sale 104aJtl04M Sale 21 17M 18 107 105 107 1075* 105 M Sale 105 M Sale Sale 105 104 5* Sale 105 M Sale 1095* Sale 105 M Sale 106 Sale 86 M 575* 775* 80 M 72 M Sale Sale 13 15 8 135* Feb. 1M Feb. 55* Feb. 5 13 Feb. 28 75l Feb! 1 45* Feb. 27 7 13 M Feb. 25* Feb. 29 6M Feb. 145* Feb. 35* Feb. 1 17 5 95M Feb. 29 96M Feb. 10 6 60 Feb. 7 33 Feb. 17 63 Feb. 26 17 14M Feb. 29 33 M Feb. 14 M Feb. 21 285* Feb. 25 Feb. 995* Feb. 29 7 2 101M Feb. 27 1 26 102 M Feb. 7 29 105 M Feb. Feb. 1075* Feb. 28 109 1035* Feb. 26 104M Feb. 1065* Feb. 27 1085* Feb. 3 5 ? Jan. 114 54 Jan. 107 M Jan. 1095* Jan. 1095* Jan. 21 Jan. 18M Jan. 285* Jan. 29M Jan. 118 Jan. -2! Feb. 28 4M Feb. 27 7 13 M Feb. 25* Feb. 29 35* Jan. 24 Jan. Jan, 95 57 2 Feb. 5 105 19 975* Jan. 106 5* Feb. 43 5* Feb. 2 1075* Feb. 46 Feb. 1 8 9 9 1065* Jan. 435* Jan. 47H Feb. 455* Jan. 455* Jan. 5 Feb. 2 Feb. Feb. 29 1 Feb. Feb. 15 Feb. 13 9 47 Feb. 9 47 Feb. 9 45 55 Feb. 79 M Feb. 9 51M Jan 77 M Feb 58 Jan. 8 60M Feb. 29 Jan. ' 11 3 6 25 Jan. Jan. Jan. 25 3 Jan. 11 Jan. 31 Jan. 2 12 45* Jan. Jan. 10 16 17 29 24 Feb. 27 Feb. Jan. Jan. Jan. Feb. 46 4 13 Jan. Jan. Jan. 26 109 Feb. 26 1055* Jan. Feb. 27 1085* Jan. Feb. 3 Ill Jan. 2 1005* Feb. 8 Jan, 96 M Feb. 64 Jan. 33 M Feb. 14M Feb. 21 305* 995* Jan. 18 101M 102"j2Feb. 26 105 1045* Feb. 29 106 2 106 45M 455* 525* 775* 58M 26 15M 15* J&5£ 5M 8M 75* 15M 25 20 Ill 495* Feb. 475* Feb. 15 4 29M Jan. 14M Feb. 29 Feb. 475* Feb. 27 27 1235* Feb. Jan. 15 1M Feb. 14 6 19 15 1085* Feb. 5 11 1115* Jan. 26 Feb. 21 9 111 25 305* Feb. 19 16 305* Feb. 19 11 43 M Feb. 21 11 44M Feb. 20 Feb. 28 1055* Feb. 985* Feb. 110 5 125* Feb. 15 11 1075* 103M 1065* 1095* 3\ 9 8 3 4 2 6 106 Jan. 31 2 1005* Feb. 19 9 107M Feb. 8 26 485* Jan. 3 27 53 Jan. 4 30 15 27 27 15 50M Jan. 505* Jan. 505* Jan. 3 3 27 D 1966 J D A 94 122 11 O A 75 5* 805* Feb. 1 69 M Feb. 8 9 Feb. Feb. Feb. Feb. 2 21 9 1075* Feb. 1055* Feb. 29 1065* 1 105M 104 5* Feb. 1 113 M 1055* Feb. 1055* Feb. 29 106 107 8 Feb. Feb. 24 Feb. 17 5 Feb. 29 Feb. 24 9 Feb Feb. 10 Feb. 15 1 Feb. Feb. 128M Feb. 17 128M Feb. 17 2 Feb. 1145* Feb. 24 115 6 108M Feb. 20 1075* Feb. Sale Feb. 9 96 Feb. 8 Feb. 16 Sale 99 125 ... — 8 114" A Sale J Sale 110 63 93 97 106M 56 M 87 63 Sale Sale Sale Sale 62 M Sale 855* 65 M 107 66 Sale 87 Jan. 3 4 80M Jan. 655* Jan. 5 4 58 67 107 Jan. Jan. Jan. 78 3 72 Jan. 8 19 1115* Jan. 22 1085* Feb. 9 1065* Jan. 1045* Feb. 17 M Jan 23 15 17 3 Feb. 29 107 M Feb. 24 1065* Jan. 19 105 f* Jan. 12 1135* Feb. 15 21 105 Jan. 1045* 104M 995* 1055* 2 Jan. 1 Feb. 2 Jan. Jan. 11 106 1265* Jan. 1145* Jan. 107M Feb. 5 5 88 67 92 Jan. Jan. 3 3 128M Feb. 2 115 Feb. 17 2 "6 !095* Jan. 92 Feb. 4 105M Feb.. 24 1075* Jan. 13 1045* Feb. 28 106 M Feb. 66 M Feb. 1 55 Jan. 12 66M Feb. 23 1 108 Feb. 27 110M Jan. 27 1095* Feb. 1 Jan. 1 695* Feb. 10 675* Feb. IV« Jan. 69 M Feb. 16 1 67M Jan. 30 72 Feb. 16 Feb. 20 8 Feb. Jan. Feb. 505* Jan. 135* Jan. 95 106 31 16 15 72 Jan. Jan. 59 Feb. 5 5 11 13 23 11 10 11 5 8 16 195* Feb. 16 4 Jan. 995* Feb. 20 5 Feb. 23 1075* Jan. 15 Feb. 23 2 24 63 87 Feb. 23 1 Feb. 565* Feb. 2 85M Feb. 24 63 65M Feb. 10 665* Feb. 28 64M Jan. 20 665* Feb. 28 j 85) Feb. Feb. 24 99M Feb. Feb. Feb. 5 125 Feb. Feb. 17 107 28 135* Feb. 16 5 17 98 125 107 Jan. Jan. Jan. 31 89 M Jan. 99 M Feb. Jan. 23 125 2 28 23 Jan. 5 13 M Feb. 16 12 108 14 135*— Sale Sale 85* 112% Sale Sale 113% Sale 107M Sale 102 M Sale 96 M Sale 96M Sale 108M 62 M Feb. Feb. Jan. 69M Feb 110 Jan. 615* Jan. 795* Jan. 845* Jan. Feb. 56 — 12 M 12M 86 H 107 M Feb. 675* Feb. 67 M Feb. 99 98 M 1005* 125 1245* 126 107 Sale 110M 107 115 Sale Sale 63 108 100 M 124 Sale Sale 68 M 92 Feb. 8 Feb. 1055* Feb. 24 107 1045* Feb. 28 106M Feb. 90 69 1 67 Feb. 68 M Sale 93 M 92 Feb. 16 92 5* 91 59 51 Feb. 5 Sale 55 M Sale 14 M Feb. 1 Sale 195* Sale 19 99 M 97 Feb. 13 98 M Sale 98 M 106 Feb. 23 107M Sale 105 H 106 114M Sale 92 60 110 108 68 M Sale Jan. 17 785* Jan. 23 78 110M 1075* 1045* 175* 69M 3 1115* 5 108M 9 104M 67 M 67 89 M 1945 m s J 1075* Sale 1962 J A 1 86M Feb. 56M Feb. 26 9 Sale 106M 110M 12 9 79 Feb. 82 M Feb. 109 M 67 M 72 73 M 571 10 595* Feb. Feb. 69 Sale Sale o89M Sale J 87 M Feb. 28 76 Sale Sale Sale J 1 86M Feb. 56 5* Feb. 26 1285* 114M Sale 114M 107 M 1075* 107 M Sale Sale 91 92 91M 106 M Sale 106 5* Sale 1055* Sale 104 M 105 M 126 H 129 1125* 1025* 114 M s 107 M s 113 M O 96 5* 35-year 3 Ms debenture——1971 mn 965* United Biscuit (Amer) deb 5s—1950 A O 108 M United Cigar-Whelan Stores 5S.1952 A O 67 57 M 27 5* 14 5* 108M 1085* 107 M 104 Sale 103M 107 M 108 M 107 M 110M 110M 105 M 1055* 106 100 98 % 99 105M 1085* 109 109M 105 M Sale 97 M Sale J 1952 F 30. 12 M 108 M 109 105 108 O Union Oil Cal 30-yr 6s ser A May '42 F 3s debentures.. 1959 F Union Pac RR 1st & land gr g 4s.l947 3 First & refunding 4s June 2008 m 1st lien & ref 5s ..June 2008 m 34-year 3 Ms debenture— 1970 A page Sale 11M 125* 11M 12 H 105* Sale 10 M Sale 102"uFeb. 65 M Sale see 12 % 11 104M Sale" 1045* Feb. 119M 4s.1950 A O Tol W Va & Ohio 1st guar 4s O—1942 MS For footnotes Sale 625* Feb. 23 6 605* Feb. J g ♦jAUnion Elev Ry Chic 1st 5s_ .1945 11M Sale Sale Ujigawa Elec Power sec 7s 63 54 6 Feb. Feb. 27 3 Feb. Feb. 26 Sale D Union Electric (Mo) 3 Ms 60 24 M 58 M 20 M 60M 20M 65M 58M 105 M 98 M Sale f 7s 62 23M 655* 61M 20M 64 % 10 Sale Prices Sale Prices Sale Prices Sale Prices 60 % Feb. 102 M ♦AThird Ave RR 1st gold 5s 1937 J Tide Water Assoc Oil deb 3 Ms—1952 J sec s 61 Sale 104 M 105 M Sale 99 Sale Sale AGuaranteed 61 Sale 38 debentures .1959 Texas & N O cons g 5s 1943 Texas & Pacific 1st g 5s 2000 Gen ref 5s ser B— 1977 Gen & ref 5s series C 1979 Gen & ref 5s ser D 1980 Tex Pac—Mo Pac Term 5Ms A.1964 m S J Third Ave 1st ref 4s 1960 J AAdjustment income 5s..Jan 1960 A O Tor Ham & Buff 1st 4s— 61 100 106 M 47 j M S Sale 62M 10M 99 M 1946 J 2M Sale 4 Sale Sale Sale 16 Sale 6 25 24 M .1949 m 8 1,000 Trenton Gas & Elec 1st 5s J 3,000 Tri-Cont'l Corp conv deb 5s ser A *53 J ATyrol Hydro-Elec Power 7 Ms—1955 mn 34,000 77,000 1,000 44,000 162,000 165,000 222,000 85,000 93,000 118,000 12,000 41,000 95 M Tenn Coal Iron & RR gen 6s -.1951 Term RR Assn of St Louis 5s 1944 Gen ref s f gold 4s— .1953 Texarkana & F 8 Ry 5Ms A guar 1950 Texas Corp deb 35*s —1951 18,000 Tol St L & West 1st ""5,666 14 f Southern Calif Gas 4Ms—-...1961 M 8 1st mtge & ref 4s 1965 f A Southern Colorado Pow 1st g 6s. 1947 J Southern Kraft Corp 45*s Southern Natural Gas— 8 7M Tokyo Electric Light (Ltd)— 1st M 6s $ series June 15 1953 J 576,000 21,000 Tol & Ohio Cent ref A imp 3MS-1960 J "2,000 !M, o Southern Bell Tel & Tel 35*s—1962 3s debentures 1979 fist mtge pipe line 4Ms 1951 133,000 201,000 Sou Pac Co 4s Cent Pac coll Aug '49 1st 4 Ms (Oregon Lines) ser A.1977 329,000 Gold 4 Ms 1968 147,000 Gold 4 Ms ...May 11969 484,000 Gold 4 Ms 1981 439,000 209,000 10-year secured 3 Ms 1946 San Francisco Term 1st 4s 1950 31,000 276,000 South Pac RR 1st ref guar 4s... 1955 4s stamped 1955 1994 145".660 Southern Ry 1st cons 5s Devel & gen 4s series A 1956 493,000 Devel & gen 6s series A— 1956 91,000 Devel & gen 6 Ms series A 1956 110,000 Memphis Div 1st g 5s ...1996 St. Louis Div 1st g 4s —.1951 "T.666 44,000 Southw Bell TU 35*s series B...1964 1st & ref 3s series O 1968 113,000 11,000 fS'western Gas & Elec 4s ser D.1960 37,000 iASpokane Internal 1st g 5s 1955 7,000 Staley (A E) Mfg 1st mtge 4s...1946 .1961 131,000 Standard Oil N J deb 3s 193,000 15-year 2 Ms debs 1953 767,000 Studebaker Corp conv deb 6s. .1945 141,000 Swift & Co 1st M 3 Ms —1950 5,000 16,000 109,000 49,000 248,000 220,000 5,000 93,000 59,000 68,000 94,000 22,000 691,000 2.829,000 47,000 82,000 a 60 M 59 1 Highest Lowest Highest Lowest Feb. 29 St Louis Iron Mtn & South— A*River& Gulf Div 1st g 4s. --1933 124,000 ACertificates of deposit 7,000 1948 53,000 lASt LPeo&NW 1st 5s11,000 St Louis Pub Serv 1st mtge 5s. 1959 46,000 St L Rky M & Pac 5s stamped.. 1955 J iSt Louis-San Francisco By— APrior lien 4s series A 1950 773,000 ACertificates of deposit 199,000 APrior lien 5s series B 1950 448,000 ACertificates of deposit 97,000 ACon M 4Mb series A 725,000 1978 ACertificates of deposit stamped 350,000 61,000 2,000 28,000 17,000 RANGE SINCE JAN. PRICES IN FEBRLARY Price BONDS February 29 EXCHANGE-BONDS "65"" 135* Feb. 16 94 M 865* Feb. 95 Feb. 107 M 109 8M 95* 1115* 112*ii 1015* Sale 114 M Sale Sale 108 107 M Feb. 108 Feb. 8 13 85* Feb. 1125* Feb. 1015* Feb. 113 5* Feb. 1065* Feb. 8M 1125* 102 M 115 Feb. 6 1155* 116 115 Feb. 975* Sale 965* Sale 1075* 65 M Sale' 965* 965* 1075* 61M Feb. Feb. Feb. Feb. 1165* Feb. 19 975* Feb. 21 97M Feb. 17 90 108 109 Feb. 15 7 Feb. Feb. Feb. 13 16 Feb. 8 65M Feb. 16 135* Feb. 16 8 10 20 15 Jan. 8 Feb. 13 Jan. 4 5 1165* Feb. 19 1135* Jan. Jan. 8 96 Jan. 25 98 96 Jan. 30 975* Jan. 12 Jan. 17 107M Feb. 28 109 61M Feb. 13 67M Jan. 11 85M Jan. 13 95 1 109 1075* Feb. 9 8M Jan. 17 1125* Feb. 28 1125* 1015* Feb. 29 102 M 113 Jan. 15 115 6 1085* 1065* Feb. Feb. Jan. Jan. Feb. Sales in Ii BONDS February n. Y. stock Value 1940 Bid 5s__-—1953 2,000 "8,666 46", 000 117,000 173,000 40,000 22,000 57,000 33,000 M S M S UNJRR & Canal Co gen 4s— 1944 U S Steel Corp3Ms debs__ ---1948 J D J AUnited St$el Wks g 6Ms ser A 1951 assented 1951 a6Ms series C------ 1951 A3Msser C assented ,.1951 ASinking fund deb 6 Ms ser A 1947 a3 34 s ser A assented 1947 United Stockyards 4 Ms w w —1951 Utah Light & Trac 1st & ref 5S--1944 Utah Power & Light 1st 5s_--- 1944 t*AUtilities Pow & Lt deb g 5Ms 1947 5 Ms stamped 1947 *ADebenture 5s 1959 5s stamped 1959 a3 M8 ser A ~ Sale Sale 106M 23 M Sale 106 22 M 14 22 M 14 J J 22 M 90 A 102 M 103 M F J 89 14 M 25 Sale 14M 91M Sale 14M 20 92 M 102 93 Sale Sale 102 Sale Sale 95 Sale .. Sale 89 Sale 14M J F 105 H 23 M *a4Ks July 1914 coup off 1934 * a4 Ms assented -_1934 5,000 MS Virginia Elec& Pow 3 Ms ser B--1968 42,000 M S Va Iron Coal & Coke 1st g 5s—1949 Va & Southwest 1st guar 5s 2003 J J 108"" III M 87 Sale 109 109 109 M M 1 35M 58 M 45 62 42 M 55 61M 106 M J 46 J 4s—1939 O AOmaha Div 1st g 3 Ms 1941 aToI & Chic Div 1st g 4s. 1941 M S 16 *ADes Moines Div 1st g 12 J A Wabash Ryref &gen 5 Ms A--1975 F A & gen 5s (Feb '32 coup) B '76, & gen 4 Ms series C—- -1978 AD 63,000 ARef & gen 5s series D— 1980 A O 55,000 Walker (Hiram) G & W deb 4 Ms 1945 18,000 Walworth Co 1st mtge 4s 1955 ■75,000 41,006 __ARef ARef Maryland 1st g 4s 1952 148,000 First & ref 5 Ms series A 1977 7-6,000 Western N Y & Penn gen 4s 1943 31,000 t AWestern Pacific 1st 5s ser A--1946 22,000 AAssented31,000 Western Union Teleg 4Ms gold. 1950 76,000 Gold 5s_ -.-1951 226,000 Gold 5s 1960 184,000 AWestphalia Un El Pow 6s 1953 11,000 West Shore 1st 4s guar -2361 69,000 Registered 2361 35,000 Wheeling & L Erie RR 1st con g 4s '49 8,000 Wheeling Steel Corp 4 Ms ser A_ 1966 85 34 34 M 75 O J O 50 126M 108M 109M 118M Sale 108M 109 108 84 Sale 88 M Sale 108 Sale 126 M 126 M 108 M 108 M 107 M Sale 120 117% Sale 111M 84 Sale 89 M Sale 108M 109 17M 17M 18M Sale 18 Sale M S 18 Sale MN 66 Sale J 68 M Sale 65 M 68 M Sale 67 Sale D M 5 67 Sale J J 12 15 J J J J F A . 444,000 White Sewing Machine deb 6s__l940 MN 3,000 J* AWilkes-Barre & East 1st gu g 5s'42 J D 19,000 Wilson & Co 1st M 4s ser A 1955 Conv debentures 3 Ms 37,000 .--1947 1960 100,000 Winston-Salem S B 1st 4s 1,000 {AWisconsin Cent 1st gen g 4s. .1949 ACertlficates of deposit 122,000 * 5,000 ASup & Dul Div & Ter 1st 4s. 1936 ACertificates of deposit 39,000 2,000 Wisconsin Elec Power 3 Ms 1968 1961 59,000 Wisconsin Public Service 4s 32,000 t AWorces & Conn East Ry 4 Ms-1943 36M 107M 108 108 M S M S 50 M 44 114 98 M Sale Sale O D J J Sale 10D®32 Sale 12 M 105 M 99 105 109 18 Sale 18 Sale 9 Sale 6M A Sale 44 114M 97 M 103 M 104M 97 Sale 13 66 M 13M 48 M Sale Sale 101 "«i MN J Feb. 2 Feb. 1 100M Feb. 28 102 M Feb. 23 e93 Feb. 1 101 Feb. 3 87 Feb. Feb. 29 24 106M Feb. 23 93 Feb. 14 Jan. 90 93 M Jan. 102 M Jan. 103 M Jan. 23 93 M Jan. 106 M Feb. 30 14 103 M Feb. 87 Feb. 93 M Jan. Feb. 30 Jan. 5 9 101M Feb. 27 105 9 9 109 Feb. 40 Jan. 21 110 23 42 59 Jan. 23 Feb. M Feb. 24 22 19 23 106 10 15 14 106 100M Feb. Feb. 9 M Feb. 21 109 M Feb. M Jan. M Feb. 6 9 Jan. 2 Jan. 11 106 M 62 M Jan. 26 J08M Jan. 3 8 45M Feb. 14 11 40 Feb. 1 Feb. 28 19M Feb. 14 8 37M Jan. 17 Feb. 28 20 Jan. 27 Feb. 10 28 Feb. 14 25M Jan. 30 28 Feb. 9 44M Feb. 13M Feb. 27 10M Feb. 26 47 Feb. 14 41 Jan. 19 47 Feb. 14 13 M Feb. 12 Feb. 27 12M Jan. 15 10M Feb. 26 13 M Feb. 13 Jan. 27 45 M Feb. 23 17 5 14 17 Feb. Feb. Feb. Feb. Feb. 9M 7M Feb. 20 9 9M 7M Jan. 9M 8 M Fab-.-15| ~8t 7M Jan, .36 26 9M 8M Feb. 10 7M Feb. 26 21 105 M Feb. 9 105M Feb. 21 106M Jan. Jan. 2 3 Jam 3 Jan. Jan. 2 Feb. 17 67 Feb. 2 75M Feb. 21 76 Feb. 28 88 Feb. 20 33M Feb. 15 8 7 M Sale 35 M A A 93 26 102 5 25 101M Feb. 27 104M Feb. 7 M Sale Sale Sale 36 A D 17 Feb. 6 14 64 M S J 23M Jan. 24 M Feb. 7M 7M 105M M S Western Feb. Feb. 8 .--1955 J 5 3 Jan. Jan. Jan. Jan. 42 M M S J Feb. 24 M Sale Prices 81M 110M 106 M 24M 83 28M J 105M Feb. 23 M Jan. 29 Feb. 8 62 Feb. 20 62M 60 106 M Feb. 26 108M Feb. 8 Sale Sale 83 Sale A D 87 Feb. 100M Feb. 1M Sale 55 107 M J J Jan. Feb. 25 45 F M S 5 109 M 109 109 M 109 M 109 O A Sale Prices 77 Jan. 24 M i 110"" Sale2 MN F 24 M Feb. 29 t*AWabash RR 1st gold 5s 1939 * ASecond gold 5s 1939 Alst lien 50-year gold term 4s 1954 ADet & Chi ext 1st g 58--—1941 Warner Bros Pictures 6s debs—1948 251,000 t a Warren Bros Co. deb 6s 1941 78,000 Warren R R 1st ref gu g 3 Ms—2000 Wash Cent Ry lst'g 4s 1948 ~5~,006 Wash Term 1st guar 3 Ms 1945 4,000 1st 40-year guar 4s 1945 2,000 Westchester Light gold 5s 1950 7,000 Gen mtge 3 Ms 1967 27,000 West Penn Power 5s series E—1963 13,000 1st mtge 3 Ms series I 1966 50,000 West Va Pulp & Paper 3s __1954 6,000 24M Feo. Feb. Feb. A 6s debentures 2 Feb. M S 5s 80M Feb. 26 13 106M Feb. 91M 100M 101 101M Sale 87 86 M 103 M 100M 102 --1958 42,000 3,000 1 Highest 20 A 1966 cons 16,000 Virginian Ry 1st & ref 3 Ms ser 167,000 1 105M Feb. Sale 101 101M Sale 109 M 103M 104 ' "Feb". 100 M 105M 106M Feb. 24 M 93 F 77 110 23 M Sale 20 Sale 14 A Sale 14 M 23 M 14 M 23 M 25 80 110 Sale Prices Sale Prices Ask Ask Bid Bid 77 M 110 J 90,000 ^Vanadium Corp (Am) conv 5s-1941 F Vandalia consol g 4s A .—1955 Consol 4s series B 1957 MN Vera Cruz & Pacific RR— 556,000 98,000 13,000 12,000 5,000 15,000 Ask Lowest Highest Lowest Feb. 29 Feb. 1 80 M Sale J09M J J A First RANGE SINCE JAN. PRICES IN FEBRLARY Price Jan. 2, exchange 207,000 United Drug Co (Del) 363,666 EXCHANGE—BONDS N. Y. STOCK 30 8M 109 M Sale 109M 110 17 Sale Sale Sale Sale 110M 83 M 36 M 70 6 5 85 M Feb. 31M Feb. 26 8M Feb. 8M Feb. . 9 8 70 Feb. 8 107M Feb. 14 109M Feb. 20 127 M 126M Feb. 21 Feb. 26 108M 108 117 M Feb. 19 118 Sale 110M Feb. 21 99M Feb. 26 108 Feb. 14 70 Feb. 109 Sale 89% Sale 108 M 17 M Sale 16 M 65 M 70 M Sale Sale 64 74 70 Jan. 4 Jan. 22 77 Jan. 3 88 Feb. 20 35M Jan. 5 3d Jan* 5 70 Feb. 8 107 M Feb. 109M Feb. 126 109 Feb. 13 108 120 Feb. 1 111M Feb. 13 99M Fed. 28 17 84M Jan. 15 31M Feb. 26 109M Feb. 20 127 M Feb. 9 Jan. Feb. 35 M 70 Jan. 8 Jan. 20 109 M Feb. 29 127 M Jan. 26 109 H Jan. 16 14 108 __ 85 Feb. 9 28 90 Feb. 5 88M Jan. 2 Jan. 107 M Jan. 17 M Jan. 4 Feb. 82 M Feb. 26 15 Feb. 26 Jan. 15 Jan. 29 67 M Feb. 1 69M Feb. 13 25 Feb. 29 66M Jan. 14 Jan. Jan, Jan. 3 «Jan. 48 Feb. 2 49 M Feb. 49 M Sale 44 Feb. 1 47 Feb. 46 M Sale 115M 116M 115M Feb. 23 115M Feb. 97 Feb. 1 99 M Feb. 99 M Sale 6 102M Feb. 102 Feb. 10213J 12M Feb. 29 12 M Feb. 12M Sale 105 % 106 104M Feb. 23 105 M Feb. 29 46M Jan. 41M Jan. 113M Jan. 19 18 Jan. 23 16 Feb. Feb. 28 96M Jan. 29 Feb. 6 Jan. 12M Feb. 29 Jan. 69 15 99 109 M 18 M 26 Sale 67 M Feb. 66 M Feb. Sale 14M Feb. 13 99 M Sale" 99 Feb. 110 Feb. 16M Feb. 67 Feb. 6 1 70 H Feb. 1 15 1 100 6 110 6 5 1 64 102 Feb. Feb. 9 103 M Jan. 97 Jan. Feb. 6 110 7 29 7 16 M Feb. 18 M Feb. 7 19 13 M 16M Feb. 19 7M 6M Feb. 26 7M 6M Sale 7 Feb. 5 12 6 7 8M 6.M 108 M 108M 108 M 108 M 108M Feb. 24 109 1 110 109 M Sale 109 M Sale 109M Feb. 20 9M 20 9M 13M 7M 29 Feb. 1 Feb. Feb. 5 Feb. 2 8 22 12 2 1 Jan. 16 M Feb. Jan. 65 Feb. 66 M Sale 20 Jan. 17 117M Feb. 19 120 110M Feb. 21 111M Jan. 24 99M Feb. 26 99 H Feb. 28 82M Feb. 26 Feb. 5 Feb. 3 108M Feb. 7 108M Feb. 17M Feb. 29 18 M Feb. 21 16 M Feb. 26 8 18M Feb. 89 9 Feb. 18 Feb. 6 Feb. 16 M Feb. 16 M Feb. 6 Jan. 7 Jan. Jan. 21 Jan. 2 Feb. 6M Feb. 26 5 7 Feb. 07 4 4 4 4 8 4 29 23 28 10 2 30 9 6 Jan. 108M Feb. 24 109M Jan. 17 9M Jan. 26 Jan. Jan. Jan. 9 26 Youngstown Sheet & Tube— • A 1948 M S 1961 MN Convertible deb 4s 270,000 151,000 1st mtge s f 4s series C Bonds selling flat. Italian Credit Cons, for Public Works 7s series B Distillers Products Corp. 3Ms 1949, partially March 1. Panhandle Eastern Line Co. 4s Corp. of America 15 at 101. Sale Sale 108 M 105 M Sale Sale 105M Feb. 105M Feb. J Companies reported as being in bankruptcy, receivership, or being reorganized under Section 77 of the Bankruptcy Act. or securities assumed by such companies. a the Deferred delivery sales, only transactions of month, and not included in year's current n Under the rule sales, only transactions of the 1952, June 15 at 100. March 105 M 105 M current month and not included in year's range. Pipe partially March 1. Richfield Oil Corp. 4s 1952, partially March 15. Southern Nat. Gas 4Ms 1951, partially April 1. Southwestern Gas & Elec. 4s series D 1960, entirely March 21 at 104. United States of America 3 Ms 1940-43, entirely Vanadium Sale Sale range 1947, partially March 1. National 105 M t The price represented is the dollar quotation per 200 pound unit of bonds. Accrued interest payable at exchange rate of $4.8484. Negotiability impaired by maturity. Tf The following bonds have been called for redemption, either entirely or partially: Allied Stores Corp. 4Ms 1950, partially April 15. Chicago Union Station 4s 1944, partially April 1. Dayton Power & Light Co. 3Ms, 1960, entirely March 16 at 104 M. Goodrich (B. F.) Co 4Ms 1956, partially Mar. 15. ► 109 M 5s 1941, r Cash sales, only transactions of the current month, and not Included in year's range. t Odd lot sales, not included in year's range: Treasury 4Ms, 1947-52. Feb. 28 at 119.28. Treasury 3Ms 1941, Feb. 23 at 104.28. Treasury 3s 1951-55, Feb. 26 at 109.27. entirely x Ex-interest. 1 108 H Feb. 2 106M Feb. 17 10 105M Jan. 105M Jan. e The following cash sales during the current month and 22 109 M Jan. 22 106M Jan. were are transacted not included in the monthly or yearly range. Finland 6s 1945, Feb. 27 at 51. Great Northern 5s 1973, Feb. 7 at 92 M. Utilities Power & Light 5Ms 1947, Feb. 1 at 95. z The following deferred delivery sales were transacted during the current month and are not included in the monthly or yearly range. Agric. Mtge. Bank 6s 1947, Feb. 23 at 26M» Conn. Ry. & Ltg. 4Ms stpd 1951, Feb. 19 at Cuba 5s 1949, Feb. 109. 23 at 100. Czechoslovakia 8s 1952, Feb. 2 at 12. Long Island unified 4s 1949, Feb. 8 at 88. Louisville & Nashville, Mob. & Mont. 4Ms 1945. Feb. 23 at ltlM. Pennsylvania 4s 1948, Feb. 24 at 113. Sydney 5Ms 1955, Feb. 23 at 84M. Treasury 4s registered 1944-54, Feb. 23 at 114.11. New York Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF STOCK PRICES DURING FEBRUARY 1940 February. Shares. Jan. 1 to Feb. 29 4 1939 13,873,323 39,055,673 except in the case a .... 1939 $118,993,000 278,604,000 Jan. 1 to Feb. 29. 265,301,000 rule of the Stock Exchange, NOTICE—Cash and deferred delivery sales are disregarded in outside of the regular monthly range are shown in a footnote in range February effective Oct. 3,1915, all stock? are aow quoted dollars per share. Prices are on a basis of of stocks which sell only in a small way. la accordance with ots 1940 $120,384,000 Bond Sales 1940 13,470,755 29,461,420 Stock Sales 100-share the month's range, unless they are the only transactions of the month, and when sellin g the month in which they occur. No account is taken of such sales in computing the for the year. AQQREQATE SALES In February Shares Since Jan. 1 Jan. 2 1940 Feb. Par Shares 3,600 8,000 Abotfc Laboratories........—* 50 454 conv preferred 150 .100 ——* 10 Abraham & Straus 5,000 Acme Steel Co.............25 10 4,600 16,500 28,400 1,400 4,800 46,100 1,600 23,600 900 2,700 24,900 -800 11,300 10'100 19.266 15,600 1,900 1,900 34,100 4,900 800 23,500 30 2,100 43.800 30 3.700 Adams Express * Adams Millis—........——*: Addressograph Multigraph-_10 Air Reduction Inc , —* Airr-"Way EVlec Appli Corp....* Alaska Juneau Gold- Min—lb Albany & Susquehanna RR.100 Allegheny Corp.—.————* Pref series A $30 warr'ts-lOO Pref series A $40 warr'ts.lOO Pref series A $30 ex-war. 100 $2.50 prior conv pref -* Alleghany Ludl'm Steel Corp * All eg & West Ry 6% gtd—.100 3,700 9,500 5,200 Allen Industries Inc....—.1 .... * 20,300 Allied Chem & Dye 1.400 2,000 26,200 53,200 1,900 53.200 10.900 22,200 700 21.900 5 Allied Kid Co. Allied Mills Co Inc * Allied Stores Corp...———* ....—100 5% preferred AlRs-Onalmers Mfg..—.—-* 4.300 Alpha Portland Cement-—-* 1 5,900 Amalgam Leather Cos. Inc 6% cum preferred—.—50 1,400 5,900 Amerada Corp.. ........... * 1,400 3.300 700 2,500 1,800 20,800 5,800 6,100 Am Agric Chemical (Del)....41 American Airlines Inc...—10 American Bank Note.......10 57,500 13,500 1,200 19,900 12,100 460 17,400 4,900 130 310 12.300 29,300 2,200 35,100 4,800 24,600 1,000 19,600 2.600 13.600 200 200 1,600 2,800 20 20 6% preferred............50 b American Bosch Corp 1 Am Brake Shoe A Fdy * 534% conv preferred....100 American Can.............25 Preferred .——100 Amer Car & Foundry.. * Preferred.. ..........100 American Chain & Cable.....* 5% conv preferred 100 American Chicle..-.-...-..-* Am Coal Co of Alleg Co N J-25 14,100 American Oolortype........10 .....20 5.900 Am Com Alcohol 11.800 Amer Crystal Sugar Co.....10 6% 1st preferred........100 420 16.900 Amer Encaustic Tiling......1 800 Am European Securities.....* 20,000 Am & Foreign Power....—.* $7 preferred...... ..* 23,000 12,500 1.600 6,900 220 3,300 300 8,600 5,400 1,200 2d preferred 8.400 16,500 3.100 12.200 8,500 $6 A............* preferred..............* Hawaiian Steamship.... 10 80,200 18,300 American Hide & Leather... 1 Am 900 6% preferred............50 2,000 1 12,700 Amer Home Products ..........—* 32,600 American Ice 6% preferred—.........100 8,900 13,100 Amer internet Corp....—.—* * 1.400 Amer Invest Co of Illinois 1,800 8,300 2,500 7,700 3,100 5,400 5% conv pref— —50 2,100 * 24,500 Amer Locomotive Preferred —.—.....100 5,700 Am Mach & Foundry...—...* 17,800 6,500 Amer Machine & Metals....* * 16,800 American Metal 100 6% conv preferred..— —100 1,880 American News Co..........* 84,600 Amer Power & Light—......* $6 preferred............—* 34,300 700 4,700 12,100 3,500 4,800 2,400 4,400 3,500 1,120 26.600 700 1.900 400 8,500 1.700 1,000 22,000 5,700 15,700 1.200 6,200 30.500 1,300 7,500 6,800 15,800 200 105.900 1,400 4,100 2,000 ii 11 46,800 10,600 3,300 15,100 4,100 Amer Steel Foundries...... American ^Stores .....—..* AmericanjStove Co.....——* American *Sugar^Refining. .100 Preferred. .............lOO 2.400 Amer Sumatra/Tobacco—* 53,600 Amer Telep & Teieg—.....100 14,600 American Tobacco.———25 Glass B —25 40,300 3,000 13,300 77,100 2,700 19,600 15,000 29.900 6% preferred..—.......100 American Type Founders....* Am Wat Wks & El..........* $6 lstipreferred— * American Woolen——.—* Preferred. ............. 100 Amer Zinc, Lead &ASmelt... 1 700 $5 prior conv pref....—.25 202,700 Anaconda Copper.—..—...50 2.300 Anaconda Wire & Cable.....* 8,300 Anchor,Hocking Glass .Corp * $6.50 conv preferred..—.* 2,180 For footnotes see page 40. 48 754 Sale 2154 2254 18 1754 4854 Sale Bale Sale 1 Sale Sale Sale 11 Sale 12 Sale 13 Sale 8% Sale 67 6854 4654 Sale 15 J-V4 Sale 4554 65i Sale 1054 17654 Sale *S1$ 2154 4154 46 140 Sale 10 12 14 Sale Ask 6854 Sale 136 15954 J. Sale 1154 1554 14** 2154 Sale 954 Sale 10 954 14 16 20 Sale Sale 10 17254 Sale 13 US 145a Sale 854 6554 67 54 Sale 3554 Sale Sale . 16 Sale Sale 11354 Sale 175 17854 3154 Sale 50 90 Sale Sale 14 Sale 6754 3654 Sale 130 133 173 654 Sale Sale Sale 6 Sale 2 171 Sale 454 Sale d* Sale 60 Sale Sale 554 a 554 3 23 54 120 2H 2854 30 .554 Sale 41 5154 1954 B* 3 23 54 11554 Sale 25 Sale Sale Sale Sale Sale 354 Sale 5554 Sale 4554 Sale Sale Sale 155 Sale 162 Sale 70 Sale Sale 65 54 Sale 1054 144 3254 Sale 1254 Sale Sale 30 Sale 9 161 15 6754 1214 1054 3054 4854 £4754 Sale 14554 14854 142 69 70 6854 14754 14754 Feb. 5116 171 Feb. 21 174 13 6 24 3954 2054 2154 11354 11454 56 Feb. Feb. 142 Sale 8 21 15 21 9 17 17 Sale 6854 Feb. 70 Feb. 9 1554 2154 94 54 15 Sale 3754 Sale Sale 39 6 Feb. Feb. 29 Jan. Jan. Jan. Jan. 15 138 15 Jan. Feb. Feb. 3 2 Feb. 26 6 Feb. 87 1 28 Feb. Feb. 11154 Feb. 16 1 2254 Jan. 16 119 2354 354 5254 4354 Jan. 4 18 24 16 U 1 i4 16 20 24 4 354 Jan. 2454 Feb. 21 21 Jan. Jan. 5 8 Jan. Feb. 29 Jan. 27 Jan. 27 Jan. Feb. 26 1054 Jan. 8 16054 Feb. Jan. Feb, > 5 2 Feb. 2 Jan. Jan. 16 2 Feb. 46 Jan. 22 Feb. 28 Jan. 11 70 Jan. 18 15054 68 Jan. dm Jan. Feb. Jan. 1854 Jan. 23 5 93 3154 Feb. 38 Feb. 21 Feb. 3 21 11354 Feb. 95 754 4154 554 Jan. 39 Jan. 19 3 Feb. 5 7 23 Jan. 24 23 4 Jan. Jan. 9 3 Jan. 3 21 11 3 2 5 Jan. Feb. Feb. 2 2654 Jan. 22 5 3554 Feb. 11 Jan. Feb. 22 17 Jan. Feb. 2 Feb. Feb. 26 Jan. 30 28 4 3 19 Feb. 9 Jan. 22 Jan. Jan. 3 16 5 Feb. 23 Feb. 23 22 1 8 4 16 Jan. 3 11* Jan. 5 70 5 1254 Feb. Feb. 23 1454 6454 1154 954 2954 142 9 4 120 Jan. 30 2554 Feb. 24 24 21 8 8 3 2 2 6054 Jan. 354 Feb. 19 3054 Feb. 24 6 654 Jan. Feb. 23 Jan. 23 Jan. 3 Jan. 4 Jan. 3 1454 15 13 3 Feb. Feb. 8 4 Jan. 3554 Jan. 654 Jan. Jan. 37 Feb. 40 15 23 Jan. 2 20 15 3 Feb. 9 Feb. 9 Feb. Feb. 21 16 2 2 Jan. 29 29 12 9854 854 4754 754 Feb. Feb. Feb. Jan. Feb. Feb. Jan. Jan. Jan. Jan. Jan. Feb. Feb. Feb. Feb. Jan. 2654 Jan. 2354 Feb. 23 3 12 29 1454 Feb. 23 2 16 6 4 854 Feb. 23 5 854 Jan. 26 9 3054 Feb. 1354 Feb. 16 Feb. 13 2 81 Jan. Feb. 23 15 54 Feb. 15 £1454 Feb. 29 1 17254 Feb. 21 16754 Jan. 15 Feb. 1 2 89 Feb. 7 85 Jan. Feb. 8 2 90 54 Feb. 23 Feb. 8654 Jan. 7 14654 Feb. 29 Feb. 29 15054 Feb. 5 5 Jan. 12 Feb. 554 Feb. 23 9 Feb. 26 1054 Feb. 954 Feb. 26 2654 Feb. 3554 Feb. 19 1 3 20 Feb. 5 149 150 19 Jan. 854 Feb. 4554 Jan. 50 3 9 8 9 8 5054 Feb. 1154 Jan. Jan. 155 Feb. Jan. 9 154 Feb. 28 2254 Jan. 31 8 146 21 9 24 3 4 21 16054 Feb. 16 8 ,1554 Feb. 29 Jan. 254 Jan. 1654 Jan. 5654 Jan. Feb. 2454 554 4054 5054 1854 5154 1354 254 28 16 554 Jan. 24 1454 Feb. 354 Feb. 2454 Feb. 11954 Feb. 2554 Feb. 454 Feb. 5684 Feb. 4754 Feb. 4 354 Jan. 254 28 9 4154 Jan, 4 5 19 13 9 2 Jan. 68 17 27 29 19 23 Feb. Feb. 654 1054 815a 254 1954 28 5s 454 3354 5654 Feb. 5 2054 15 5254 Feb. 2054 Feb. Feb. 36 14 5 1254 Feb. 1154 Feb. 23 33 54 Feb. 17 5154 Feb. 20 42 Sale Sale 15 67 54 Feb. 43 Sale Sale 1 4154 Feb. 23 1 99 27 Sale 11 Sale W* 37 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 9 Sale Sale 39 Feb. 24 Sale Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 10 Sale Sale 554 Sale 1154 Sale 9 254 554 154 2654 554 2154 3254 5854 3 H 3054 6 54 Feb. Feb. Sale Sale Sale Feb. Feb. 21 554 3454 Sale Sale 149 3 354 Feb. 5454 Feb. 4454 Feb. 97 Sale Sale 23 7 Feb. 29 9 13 25 3 1954 Feb. 23 2354 Jan. Feb. 15 10854 Feb. 15 109 Feb. 148,4 Feb. 23 Jan. 954 Jan. Jan. 5 132 5 11654 Jan. Feb. Feb. 21 17654 Jan. 1 3254 Jan. 2354 Feb. 5 42 Feb. 5154 Jan. Jan. Feb. 87 Feb. 112 171 6 Feb. Sale 13 22 133 13 Feb. 954 Feb. 2954 Feb. £4754 Feb. 554 Jan. 3854 Jan. 13054 Jan. 23 Feb. Sale 22 Feb. 162 Sale Sale Jan. 854 Feb. 23 12 Sale 9 15 5 1454 Feb. 154 Feb. 28 1454 Jan. 15 3 5354 Feb. 1954 Jan. 18 4154 Jan. 12 1054 Feb. 28 46 Feb. 1054 Feb. 1354 Jan. 15 754 Jan. 19 6354 Jan. 22 1 3554 Feb. 13 Feb. Feb. 2654 Feb. Sale 9 1251 Jan. 73 2 180 14 10 15 1954 Feb. 2954 Feb. 454 Feb. 3354 Feb. 5754 Feb. 254 Feb. 28 109' 9 Feb. 15 Sale 2154 9214 5 19 9 20 171 15 19 23 Feb. Sale 8954 1554 21 954 Jan. 19 Feb. Sale Sale 3 14 Feb. 5 138 15 654 Feb. 11 Sale 87 Feb. 1954 Feb. 10854 Feb. 13554 Feb. 1954 8854 xl4tt Sale 17054 Sale 8754 Sale £8854 Sale 14654 Sale 554 Sale 954 9854 9654 Sale 754 Sale 4154 Sale 554 Sale 15 1454 17154 Sale 8554 Sale 13 Feb. 21 6 Feb. 2754 Feb. 4654 Feb. 2154 Feb. 2354 Feb. 42 Sale 1654 Feb. Feb. Feb. 9 _ 112 554 4054 52 5054 Sale 1854 Sale 5154 Sale 1354 Sale 254 2354 2254 122 11954 Sale 1054 Feb. 20 554 Feb. 9 44 Feb. 3854 Feb. 13054 Feb. 21 13154 Feb. 10 42 25 Sale 9 1954 Sale 3154 Sale Sale Sale 95 Sale Sale Sale 55 Sale Sale 5 Sale 4054 52 54 120 Sale Sale Sale 34 58 54 Sale Sli* Sale Sale Sale Sale iy 13 1254 Sale Sale 34 54 254 254 2354 654 Sale m 137 Feb. 23 5 ^ Sale 45 xa 8* 47 2354 Sale a 2854 Sale a* 2554 Sale 43 54 72 Feb. 29 21 Feb. Jan 73 1554 Feb. 2 54 Feb. 1654 Feb. 5654 Feb. 2054 Feb. 5054 Feb. 1154 Feb. 4954 Feb. 854 Feb. Sale Sale 4 9 Sale 6 3 Jan. 3854 Feb. 8254 Feb. 254 Feb. 554 Feb. 154 Feb. Sale UK Jan. 1 4554 Feb. 1054 Feb. 8 4 1254 Jan. 3 1654 Jan. 2354 Feb. 21 3554 Feb. 20 8 18 13 90 8754 254 Sale 554 Sale 154 Sale 8554 Sale 25 654 2054 Sale ¥ 4154 Sale 175 14 8154 Sale Sale ,4954 Sale 133 Sale 137 15 954 654 Sale 3 Sale 154 Jan. 30 31 9 954 Jan. 1354 Jan. 1854 Jan. Feb. 5354 Feb. 2 9 7* Jan. 1054 Jan. 9 68 Feb. 4 Jan. . 9 5 1454 Feb. 154 Feb. 1754 Jan.: 20 4854 Feb. 5 54 Feb.—7 "654 Feb. 24 8 1154 Feb. 8 1654 Feb. 23 54 Feb. 21 Feb. 15 3 15 1354 Feb. 1154 Feb. 8 1254 Feb. 29 xl4 9 1354 Feb. 14 15 8 Feb. 26 954 Feb. 13 66 9 Jan. 2254 Feb. 1954 Jan. 5854 Jan. Jan. 31 2 180 IP 6i 9 4854 Jan. 9 754 Feb. 21 54 Jan. Feb. 1 Feb. Fen. 45 1 171 17554 Sale 2 Feb. 15 8 1 1 1 9 Feb. Feb. Feb. 1054 1 2 Feb. Sale Prices Sale Prices 68 Jan. 15 7054 Feb. 14 Feb. 8 147 144 Jan. 3 4154 Feb. 4154 Feb. Feb. 1 10 10 Sale 2054 11354 10854 112 10654 11354 54 Feb. 2 19 131 115 Sale 24 Feb. Sale 132 Sale Sale 52 Feb. 8 3 14 Feb. -1 72 6 4454 138 131 7 73 20 Sale Sale 17 5 1554 1354 2254 Sale 4754 Sale 1054 Sale 4854 6 Feb. Feb. Feb. 11 10 Sale 4754 By Feb. Feb. Feb. Feb. Feb. 11 Sale 1454 £15 2 254 154 1654 1554 1654 54 53 54 5454 Sale !P 4854 Feb. Feb. Feb. 954 954 1454 2054 Sale Sale 1054 Sale 4954 4954 xtP IP 11 IP Sale 46 Prices Feb. 14 1 Highest Lowest Highest Sale Prices Feb. 17 Feb. 8 Feb. 3 Feb. 6 J4 Feb. 5 Feb. 8 U 5554 2054 Sale 64,000 Amer Smelt & Refining....—* Preferred ...........100 3,800 3,400 American Snuff..........—25 6% preferred—.......—100 30 1 300 1854 5054 50,100 American Rolling Mill... —.25 454% conv preferred-.—100 4,300 8,600 Amer Safety Razor....-.18.50 7,200 American Seating Co........* 3,480 American Ship Building.....* 21,900 lM 5654 Sale. Lowest Feb. 29 Ask Bid 6954 Sale 14454 147 4554 47 54 /P un Sale 1 Bid 2254 $5 preferred-.............* 44,400 186.400 Am Radiator & Stand San—* Preferred ...........100 40 20 Ask 68 54 Sale Sale 144 48 42 54 50 48 8 54 Sale 400 1,210 19,300 7.500 11,700 83.200 6,500 Bid RANGE SINCE JAN. PRICES IN FEBRUARY Price STOCKS N. Y. STOCK EXCHANGE Jan. Jan. 3, 2154 _ 11154 Feb. 21114 a Jan. Jan, Jan. 10 3 58 N. Y. STOCK EXCHANGE-STOCKS aggregate sales In Since February Jan. 1 Shares Shares 100 1,800 1,900 27.700 2,800 300 9 600 1,300 3,600 20 11,300 300 400 600 560 38,900 3,200 9,400 1,900 800 • 15,100 1.200 19,300 2,600 3,300 430 600 9,600 9,120 1,440 47,100 27,400 20,500 5,500 3,300 1,170 4,400 900 430 20,900 18,500 100 1,500 ^ 100 Jan. 2 1940 1,300 200 131,200 8,300 1,100 2,800 85,300 22,875 8,100 2,900 2,800 25,500 2,200 100 30 37,600 6.000 430 1,100 5,700 24,600 35,800 600 2,400 8,600 12,600 13.500 600 2,400 43,300 29,500 25,600 218,500 22,300 25,400 7,000 500 21,500 9,500 290 15,700 670 50,600 7,900 2,600 25,400 20,400 4,100 160 2,300 1,000 6,700 6,100 520 2,600 11.700 100 29,000 20,800 5,600 136,400 80 62,400 600 2,000 1,030 220 1,700 3,000 2,600 160 11,900 67,800 2,720 128.800 160 11,700 5.100 300 1.000 3,700 100 Bid Co—20 5 * 3,500 Archer Daniels Midland 3,900 Armour (Del) 7% preferred. 100 5 70,800 Armour of Illinois 8,700 $6 convertible priorpref. 400 7 % preferred 100 30,400 Armstrong Cork Co * 3,000 Arnold Constable Corp 5 6,300 Artloom Corporation * 30 7% preferred 100 24,300 Associated Dry Goods 1 1,000 6% 1st preferred 100 3,300 7% 2d preferred 100 1,100 Associated Investment Co—* 1,050 5% pref 100 92,500 Atchison Top & S Fe 100 8,900 5% preferred 100 100 19,500 Atlan Coast Line RR 3,200 Atl G & W I SS Lines 3,300 5% preferred 100 37,700 Atlantic Refining 25 1,600 4% conv pref series A—100 39,400 Atlas Corp 5 7,700 6% preferred -—50 * 4,900 Atlas Powder 620 5% preferred 100 1,800 Atlas Tack Corp * 20,700 J Auburn Automobile * 9,520 Austin, Nichols &Co * 1,570 $5 prior A 132,900 Aviation Corp (Del) The 3 78,000 Baldwin Loco Wks vt tr ctfs_13 46,900 J Baltimore & Ohio 100 4% preferred 100 12,8p0 9,100 Bangor & Aroostook __50 3,040 5% conv preferred 100 8,800 Barber Asphalt Corp ---10 2,600 B arker Bros. —Trr... 780 5*% preferred 50 5 39,400 Barnsdall Oil Co 31,200 Bayuk Cigar Inc * 110 1st preferred.. 100 11,800 Beatrice Creamery 25 209 $5 preferred with warr....* 20 Beech Creek RR Co ""'566 50 12% AH 32 106* 5% 47* 52 - 14,300 31,700 37,600 1,700 5,100 52,000 41,900 33,900 319,200 36,900 43,500 24,600 700 38,800 21,800 720 36,300 2,130 64,500 11,100 _ * - Borden Co (The) 15 5 Borg-Warner Corp Boston & Maine 100 Bower Roller Bearing Co 5 Brewing Corp of America..3 Bridgeport Brass Co * Briggs Manufacturing Briggs & Stratton Bristol-Myers Co Brooklyn & Queens Transit..* 0 $6 preferred 86 pref ctertifs of deposit..* Bklyn-Manhattan Transit * $6 preferred series A * Certificates of deposit Brooklyn Union Gas * Brown Shoe, Inc * Brunswlck-Balke-Coll Bucyrus-Erie Co 7% preferred Budd (E G) Mfg Preferred 7% * 10 100 * 100 Budd Wheel. Bullard Co * * 6,200 Bulova Watch * 77,700 Burlington Mills Corp 37,400 Burroughs Add Mach * 12,700 Bush Term Co 1 JBush Terminal Bldgs— 840 Depos. ctfs. 7% pref....100 8,300 Butler Brothers 10 2,300 5% conv preferred 30 13,500 Butte Copper & Zinc 5 12,400 Byers Co Partic preferred 1,400 4,700 Byron Jackson Co 25,500 Calif Packing Corp 300 5% preferred 47,800 Callahan Zinc-Lead * .--.100 * Sale Sale Sale Sale Sale Sale 5* Feb. Sale 58 Sale Sale Sale Feb. 60 Sale 68 Sale Feb. For footnotes see page 40. 78 77 73 73 Sale Feb. 41 Sale Sale Sale Sale ; 109* ; 110 Sale Sale I 108 8% 47% 18$ P Sale 107* Sale 50 Sale 65 123* 6* 123% A* Sale Sale Sale 14* Feb. 1 Feb. 9 5. Feb. 24 6* Feb. 26 11* Feb. 29 44* Feb. 29 5* Feb. 9 Feb. 9 Sale ; r. 15* 7% 28* Sale 6* 11* 44* 14* 7* 28* 11 Feb. 24 8 Feb. Feb. 28 Feb. 1 28 28 21 Sale Sale 19* Feb. 9* Feb. 18 Feb. Sale Sale 2* Sale 19* 15* 18 14* 23* Sale 24* Sale Sale Sale 37 Sale 51* Sale Sale Sale Sale Sale Sale 57 22 36 Sale 24* Sale 9* Sale 105 Sale Sale 22* Sale Sale 71 24* Sale 30 Sale 18* Sale 12 Sale 51* Sale Sade Sale Sale 5 Sale Sale 102 69 14 Sale 55 Sale 7* Sale Sale Sale 5* Sale 40 39 Sale 39* 5* Sale 87. 85* 24* Sale 3 68 Sale 70 115* 118 49 Sale 28* 113* 11* 64 65* Sale 23* Sale 2* 113* 113 4* 4* Sale Sale Sale Sale Sale Sale Sale 5* 99 17 6* Feb. 17 Feb. 37 10 8 5* 94* 66 Sale Sale 8 7 13* Feb'. 24* Feb. 28 52 Feb. 1* 6* 13* 18* 1 Feb. 1 Feb. Feb. 27 1 Feb. 36 Feb. 21 3 4* Feb. 38* Feb. 1 5 Feb. 27 39 Feb. 1 6 86* Feb. 23 Feb. Feb. 24 3 67 5 3 24 ... ""5* 4* Feb. 20 8* 6* Feb. 1 «Sk 99 5* Feb. 26 9 10 9 16 17 110 29 Jan. 64* Feb. Jan. 41 Feb. Jan. Jan. Jan. Feb. Feb. Feb. Jan. Jan. Feb. Jan. 9 Jan. 78 Jan. 85 Jan. 18 Jan. 11 11 16 43 Feb. 21 100* Feb. 19 3 25* Jan. 9 54* Feb. 3 23* Jan. Feb. j.u Jan. Feb. Jan. 9 10 16* Jan. 19 Jan. 15 18 18 1* Feb. 1 * Feb. 14* Jan. 5 Feb. 29 Jan. 4 Feb. 23 Feb. 23 Jan. 2 Jan. Feb. 24 6* Jan. Feb. Feb. Feb. Jan. J&Hr Feb. Feb. 26 8 28 Jan. 15 29 29 18 .8 2:3 Jan. 22 Tan. Jan. 10 15 Feb. Jan. Jan. Jan. Feb. 16 Jan. - 9 29 Feb. 15 27 Feb.., 7 ««30* Jan. 24 27 64 Feb. 33* Feb. 21 22* Feb. 23 56* Jan. 18 Jan. 15 39 Jan. 3 Jan. Jan. 22 83* Jan. 3 26 Feb. Jan. Feb. 23 16 5 18 29 17 62 22 Feb. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 4 12 Jan. Jan. Jan. Jan. 3 15 Jan. 9 25* Feb. Jan. 17 31* Jan. 15 35* Jan. 21* Jan. 2 6 Feb. Jan. 10* 19* 38* 51* 1* 12* 12* 13* Jan. Jan. Feb. Feb. Jan. Jan. Jan. Jan. 49 48 2 5 3 15 23 28 16 5 5 4 75* Jan. 30 26 Feb. 12 11 123* Jan. 65 Jan. 5 5 26 34* 22* 11* 23* 24* 23* 25* 'ZaA 2* 22 28 15 15 19 Jan. 19* Jan. 9* Feb. 14* 55* 21* 21* 117* 15 Jan. 9* Jan. 207u Jan. 10 Jan. 2 121 28 20 13* Jan. 4 31* Feb. 29 6 127 Feb. Jan. 14* 52* 15* 8* 5 115 Jan. Jan. 14 Feb. 7* 2% 4* 28* 7* 6* 11* 44* 13* 7* 26* 10* 25* 25 Feb. 29 124* Jan. 7* Jan. 6 16 8% Feb. 20 51 73 63 3 4 18* Jan. 23* Feb. 19 110 47* Jan. 120 7 Feb. 13 4 10* Jan. 9* Jan., 4 * 96* Jan. *2 8* Jan. 96* Jan. 7* Feb. 36* 97* 22* 50* 18* 13* 14* 20* 107% 8* 29 51* Feb. 13 Jan. 75 70 Feb. 6* Jan. Jan! 9 10 5 3 Feb. 21 Feb. 21 Jan. 3 Jan. 4 4 6* Feb. 27 3 12* Jan. 3 22* Jan. g* 5 Feb. 23 Feb. 20 Feb. 2 1 Jan. 28 30 17* Feb. 17 20* Feb. Jan. 30 3 85 Feb. 20 27 Jan. 15 59* Feb. 17 21* Feb. 26 25* Jan. 35 35* Feb. 10 25* Feb. 21 9 10* Feb. Jan. 15 Jan. Jan. Jan. Jan. Jan. 4* Jan. 15 15 21* 8* 101* 5* 39* 15 105 Feb. 4 16 5 30 6* Jan. 44* Jan. 5 18 Feb. 17 30 Feb. 19 20 Jan. 19 26 Feb. 19 17 Jan. Feb. Jan. 31* Jan. 1 28* 18* 11* 3* 12 19* Feb. 27 21* Jan. 3 10 2 Jan. 19 12* Jan. 4* Jan. 9* Feb. 28 12* Jan. 26 12* Feb. 13 9 4% Feb. 11 7 Feb. Feb. Feb. 19 - ' 52 18 30 Jan. 4 3 Feb. 10 29 J an. 22 8 13* Jan. 81* Jan. 3 3 3 8 Feb. Feb. 7 9 3 51 Jan. 2 1* 6* 13* 16* Jan. Jan. Jan. Jan. 23 39 Feb. 15 15 4* Jan. 38* Jan. 13 21 1 8 89* Feb. 9 25* Feb. 3* Feb. 21 70* Feb. 16 Feb. 27 Feb. 9 Feb. 15 Feb. Feb. Feb. Feb. Feb. Feb. 5* Feb. 9 Feb. 5* Feb. 69 13* Feb. 23* Jan. 15* Feb. 15 22* Feb. 21 39 Feb. 15 5* Feb. 27 39* Feb. 13 5 5* Feb. 40 4 6* Jan. 20* Jan. 3* Jan. 11* Jan. 21 — 3 1 15 14, 26! 3 10 4* Feb. 19 9 13* Feb. Feb. Feb. 14 116 Feb. 26 52* 30* 5 26* Feb. Ill* Feb. 26 114* 12* 6 9* Feb. 64 Feb. 2 66* 22* Feb. 2 24* 2* Feb. 14 3* 113 Feb. 23 114 111 17 3% Jan. 3 35* Feb. 27 Jan. Jan. Jan. 30* Feb. 71 38* 90 Feb. 43 Feb. 14* 24* 3* 21 69 Sale Sale 22 Feb. 27 Feb. Feb. Feb. Feb. Feb. Feb. Feb. 67 35* 5* Sale 53* Feb. 59* 21* Feb. 26 23* Feb. 27 35* 1 22* Feb. 25* 9* Feb. 27 10* 103 Feb. 13 105 5* Feb. 14 5* 35 22 10* Sale Sale 42 Sale 85 22 21* 3* 11* Sale Sale 65 55* Feb. Feb. 28 Feb. 26 Feb. 14 8 Feb. Feb. 27 Sale Sale 17* Feb. 17 20* Feb. 20 9% 6* 21* 3* 11* 9* 25 Sale 10 2 5 Feb. Feb. 27 Feb. 1 1 Feb. 13* 52 1 28* 18* ill* 3* 3* Sale 14 28 Feb. 5 22* 29* 15 14* Feb. 5* Feb. Sale 10 20 Sale Sale Sale 16 1 Sale Sale 51* Feb. 1* Feb. 14* Feb. 39* Feb. M 74* 38* Feb, Sale 6 9 6* Feb. 27 11* Feb. 21 9 21* Feb. Sale Sale 1 Feb. Feb. Sale Sale Sale Sale 9 Feb. Feb. 28 13 15 9 Feb. Feb. Feb. Sale 15* 17* 36* 6* 38* 86* 25* Sale 21* Sale Sale Sale 35 Sale 15* 55 37 Sale Sale 81 Sale Sale 1 15 17 Feb. 14 Feb. 21 Feb. 21 Feb. 9 10* Feb. 19* Feb. Sale 104 Feb. Feb. Sale Sale 7% 20* 15 23* Feb. Sale 19* Sale 81* Sale 12 80 23* Feb. 10* 2 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 20* 39* Feb. Feb. 14* Feb. 70 6* Feb. Sale Sale a\K Sale Feb. 1 Feb. 19 Feb. 16 8* Feb. 17 29 Feb. 20 12* Feb. -1 31* Feb. 29 115 Feb. 7 Feb. 16* Sale Sale 11 20* Sale Sale 119* 119 118 64* 63 64* Sale 23* 23* 24* 22* Sale 23* Sale 22* Sale 22* Sale 22 2 2* 2 2* Sale 32 33* Sale Sale 19* Sale 11* Sale 4* Sale 15 Sale 38 52 1* Sale 13* Sale Sale 49* Sale 38 Sale Sale 103 Sale Sale Sale 24 Sale 70 Sale 39 Sale Sale Sale 6* 11* Sale 22* Sale 6 7* 12* 46* 15* Sale Prices 15 Feb. 23 2* Jan. 31* 106* 5* 46* 58* 1 Highest Sale Prices 11 Jan. 31* Sale 114 2 114* 114* 115 114* Feb. 28 27 8 27* 27* 27* Feb. 26 28* Feb. 115— 109*—112* 109*~Feb~. ~3 109** Fe57~3 1109* 30* 32 30* Sale" 123 Feb. Feb. 13 122 126* 122 9* 9 Feb. Feb. 9* 3 9* x9 66* 64* 67 63* Feb. Feb. 28 63* Sale 32 Sale Feb. 21 29* Feb. 26* Sale 22 21 Sale Feb. 23 21* Feb. Sale 55 55 55* Sale Feb. Feb. 1 37 38* 37* Feb. Feb. 21 38* 37 Sale 75* Sale Feb. 20 72* Feb. 70* Sale il9313j Sale Feb. xl931«Feb. 1 17* Sale Feb. Feb. 28 115 117* 118* 116 20* 10* 23* Sale Sale i" & Sale Sale 3 14* Feb. 7* 26* 10* 26* 27 Sale IW - 8* 29 Sale 64 31 Sale Sale Sale 22* 21* 25* 2* 33* 1* 12* 12* 14* 49* 48* 23* 35* 21* 9* L01* 5* 40* 5* 22* 6* Sale Sale 17 Ji Feb. 29 Feb. 1 Feb. 23 Feb. 23 Feb. 5 5* Sale 20 Sale Sale Feb. 20 Feb. 14 Feb. 9 Feb. 2 15* Sale Sale i 9 Feb. 21 Feb. 23 Feb. 16 Feb. 5 Sale Sale Sale 16 Sale 52 Sale 63* Sale Sale Sale 39* Sale 20* Feb. 7% Sale 31 5 1 Sale Sale Sale Sale Sale Feb. 6* Feb. 17* 5% 7% 13* 30 1 9 Sale Sale 12* Sale 26* Sale 113* 114* 27% Sale 107* 108* 24 Feb. 13 2% 4* 28* Sale 15* 9 24 Feb. 7 15 7 8 % 29 Feb. 9 13 Feb. 26 14* 8* 3 26 1* Feb. 1* Feb. Sale 20 I 9 Feb. Feb. 29 Feb. 28 Feb. 16 76 Feb. 7 72 Feb. 20 43 Feb. 21 100* Feb. 19 8 24* Feb. 9 54* Feb. 15 Sale 2* 2% i 10 Feb. Feb. Feb. Feb. 41 Feb. 10* Feb. Feb. 16 16* Sale 21 Feb. 1 23* 108* 107* Feb. 19 110 Sale 1 8* Feb. Sale 49 Feb. 23 51 66 Feb. 1 73 70* Sale Feb. 29 120 Sale 6 Feb. 21 20 26 98* 22* 50* 18* 13* 16 16* 26 Feb. 41 100 Sale Feb. Feb. 23 15 U5* 88 rlH 70 Lowest 7 2* Feb. 35* Feb. 27 Feb. 26 1 8* Feb. 96* Feb. 28 Feb. 6 Feb. 13 ' Sale Sale * Sale Sale Sale Sale 1 100 Sale 100 Sale 22H Sale at* ..... Sale 100 9 Feb. 108 Sale 10* Sale 52 130 Canada Southern Ry Co 100 105,200 Canadian Pacific 25 2,200 Cannon Mills 3,600 Capital Admin Co Ltd cl A--1 1,680 $3 preferred class A 10 360 Car Clinchfield & Ohio Ry__100 84* 3,700 Carpenter Steel Co 5 23* 7,300 Carriers & General Corp 1 nV* 7,200 Case (J I) Co 100 73 1,160 7% preferred 100 118* 23,000 Caterpillar Tractor. * 54 114,700 Celanese Corp. of America * 29* 7,220 7% prior preferred 100 109 142,600 Celotex Corp. ......_* 10* 250 5% preferred 100 .61* 16,200 Central Aguirre Associates * 23* 13,000 Central Foundry Co 1 3* 770 Central 111 Lt 4* % pref. -.100 112 2,300 ICentral RR of N J 100 5,000 Central Violeta Sugar Co 500 Century Ribbon Mills 20 Preferred A* „ 20 Highest Sale Prices Sale 37M 10* 10* 9* 9% 96% 101% 8 8% 75 77% 36% 95 97 % 24% Sale 50% Sale 18 Lowest 11* Feb. 2* Feb. 32* Feb. 15 3 range since jan. Sale Prices Sale i\H Sale . 12 13* Sale * 50 32,300 Calumet & Hecla Cons Copper 5 14,700 Campbell W & C Foundry. 191,900 Canada Dry Ginger Ale Ask Sale — 2,120 Class B 9,800 Bond Stores Inc Feb. 29 Ask Ask 1,600 Beech-Nut Packing 20 126 3,600 Belding-Hemin way *[ 9* 200 Belgian National Rys part pref 61* 214,400 Bendix Aviation Corp 5 31* 20,900 Beneficial Indus Loan Corp..* 21* Prior pref $2.50 div ser '38 1,900 56* * 5,300 Best & Co 38* 194,000 Bethlehem Steel Corp (Del)..* 80* 54,375 18 115% preferred 20 20,800 7% preferred. -.100 115 12,200 Bigelow-Sanford Carpet Inc..* 30* 7,200 Black & Decker Mfg Co * 21 * 42,300 Blaw-Knox 10* 4,500 Bliss & Laughling Inc .5 300 Bloomingdale Bros * 360 Blumenthal & Co pref 100 108,100 Boeing Airplane Co * 10,500 Bohn Alum & Brass Corp 5 1,500 Bon Ami class A. * * 57,600 76,400 3,100 8,200 PRICES IN FEBRLARY Feb. 1 Par 2,400 Andes Copper Mining 800 APW Paper Co Inc *,100 Price STOCKS N. Y. STOCK EXCHANGE 11 Jan. 18 27 2* Jan. 30 5 Feb. 38* Jan. 86* Jan. 23 66 111 Jan. Feb. 107* Jan. 9% Jan. 7 10 23 26 15 18 2 27 4 30 4 Feb. 9 Jan. 16 Feb. 21 Feb. Jan. 21 8 Feb. 21 Jan. 12 Feb. 27 Jan. 3 Jan. 4 23 8 Jan. Feb. Jan. 3* Jan. 75 Jan. 14 118* Jan. 56* Jan. 47* Feb. 26 26* Jan. 18 2 23 9 15* Jan. 52^ 1* 8* 16* 22* 39* 5* 40* 5* 40* 89* 15 21 18 62 30* Jan. 12 114* Jan. 12* Feb. 22 Jan. 12 21* Jan. 2* Jan. 22 112 Jan. 22 2 4* Jan. 15 1 6* Feb. 5* Feb. 26 93* Jan. 31 26 15 66* Feb. 21 24* Feb. 23 3 3* Jan. 114 Feb. 7 5* Feb. 10 9 Jan. 2 5* Jan. 94* Jan. 2 30 33 N. Y. STOCK EXCHANGE—STOCKS March, 194g] AGGREGATE SALES In Since February Jan. 1 Shares Shares 9,200 30,000 25,450 600 Feb. 1 Bid Ask 24.400 Cerro de Pasco Copper * 38,700 Certain-Teed Products--—-1 38 Sale Sale Sale 20% 5,600 2,900 11,300 8,200 4,500 35,700 68,900 2,700 1,300 900 2,200 1,900 9,600 24,700 19,300 3,100 6,500 1,500 5,800 6,600 13,900 32,100 29,800 6,300 14,200 3,000 3,000 1,500 5,600 400 900 900 300 2,100 3,400 14,600 6,300 21,700 700 30 ' 82,200 3,400 400 6 % 32% 19 % Champion Paper & Fibre Co—6% preferred —100 101 25% Common.. —————* 16% Checker Cab Mfg.-—5 4% {Chesapeake Corp * 41 Chesapeake & Ohio —-25 Preferred series A— 100 IChic & East 111 RR 6% pf-100 {Chicago Great Western— 4% preferred 100 Chicago Mail Order Co 5 {ChicMilw St Paul & Pacific.* 5% preferred 100 {Chicago & North Western .100 Preferred-100 Chicago Pneumatic Tool——* $3 conv preferred * Prior pref ($2.50 cum dlvs) * {Chicago R I & Pacific——100 7% preferred—--------100 6% preferred 100 Chicago Yellow Cab —* Chickasha Cotton Oil--.-.-10 Childs Co.— * 103 26 17 Sale Sale Sale Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Feb. 29 Ask Bid Ask ' Sale 37% 6% 37% Sale 38% Sale 37% Feb 6% Feb. 30 Sale 33% 19% Sale 29 Feb. 1 10 Sale 18% Feb. 13 105% 105 23 % 22 20 Sale Sale 4% Sale 39% Sale 94% 2% 1% Sale 18% 103 23% y\ 19% 4% 39% 96% 2% 19% Sale 7 5 21 15 15 19% Feb. 10 39% Feb. 8% Feb. 36% Feb. 5 105% Feb. 20 103% Feb. 2 22% x21 % Feb. 27 23% Feb. Sale 18 Feb. 16 20% Feb. 27 1 4% Feb. 9 4% 4% Feb. Sale 39 Feb. '28 41% Feb. 9 Sale 1 94% Feb. 29 96% Feb. 2 2 Feb. 17 2% Feb. 9 1 1% 10% % % % Feb Feb. Feb. Feb. Feb. 1 1% 10% % % % Sale % Feb. 9 13% Sale 14% Feb. 13 35% Sale 35 Feb. 47% % % % 36 Sale 6 49 48 Feb. 6 Sale % 34% 49% % % % 8% 12% 6% 29% 83% 13% 12% Feb. 33% Feb. 6 34 % % % 8% 11% 4% 2 Feb. 1 Feb. 3 Feb. Feb. 28 7 Feb. 8 Feb. 49% % % % Feb. 29 6 Feb. 1 Feb. 7 Feb. 31 Feb. a Sale Sale Sale Sale 49% Sale Copper---—-----—25 5 196,200 Chrysler Corp 16,500 City Ice & Fuel —-_-—* 6% preferred————100 1,550 10 City Investing Co -—-100 ————-5 3,600 City Stores 410 Bid 1% 10 9% % Sale % o %6 Sale 1 % 13% Sale Sale 30 Chile "2j66 10,300 100 29,870 6% prior preferred— 1,600 Chain Belt Co 200 80i exchange 1 Jan. 2 1940 Par 70 29,900 , n. y. stock RANGE SINCE JAN. PRICES IN FEBRIARY Price STOCKS 11% 11% 4% Sale 31 Sale 80% 13% 97% Sale 13% Sale 45 Sale Sale H Sale % % 9 Sale Sale 32 Sale Sale 97% iP Sale Sale 114 111% 37% Setter*- -40 78 ~76% 77% Sale 29% 30% 35 2 % Feb. 28 % Feb. 28 6 % Feb. Sale 3% 33% 3 15.200 Clark Equipment —-* Clev Cine Chic & St L Ry-- Sale 1% Sale 1 % Feb. 10 Feb. 3 9 Feb. 1 3 2 2 7 1 12% Feb. 21 6% Feb. 29 102 Jan. 23 Jan. 22 Jan. 26 Feb. 13 Jan. 15 Jan. 4% Jan. 39 Jan. 94% Feb. 2 Jan. 1% 9% % % % % 12% Jan Jan. Feb. Feb. Jan. Feb. Jan. 33% Jan. . 6 29% Feb. Jan. 5 5 Jan. 3 Jan. 5 Jan. 8 Jan. 8 29 9 2 Feb. Jan. Jan. Jan. Jan. 3 9 Feb. 21 Feb. 29 4% Feb. 79% Jan. 12% Jan. 94% Jan. 3% Feb. 20 35% Feb. 15 4 Jan. Jan. Jan. Jan. Feb. Jan. 31 Feb. 24 Jan. Jan. 1 14 Jan. % % % 8% 11% 9 31 1 Feb. 20 Jan. 3 Feb. 27 Jan. 3 Jan. 8 Jan. 16 Jan. 3 46 Feb. 1 41% Jan. 10 8%-Feb. 15 36% Feb. 15 20% Jan. 4 105% 26% 20% 4% 42 % 97% 2% z21% Feb. 87% Feb. 2 '13% Feb. 98 Feb. Feb. 24 80% Feb. 13% Feb. 96 Feb. 1 5 37% 6% 27% 18% Feb. Feb. 1 Jan. <>3 26 Feb. 6 Jan. 30 Jan. Jan. 3 Jan. Jan. 2 28 Jan. Feb. 15 111 Feb. 27 114% Jan. 2 40% Feb. 17 14 z60 ^ -100 5% preferred 170 12,800 100 18,300 65.400 230 3,600 400 73,000 5,000 300 5,500 140 3,900 270 690 70 13,700 6,800 60,000 3,700 140 3,100 4,000 1,000 16,900 500 17,020 300 61.800 48,800 4,500 89,100 1.500 6,900 7,200 340 14,900 36,000 _420 Cleve Elec 111 $4.50 ser pref—» .113% 35% 23,100 Cleve Graphite Bronze CThe)-I 76 110 Cleve & Pitts RR Co 7% gtd-50 45 % Special gtd 4%.~stockw—;—50 3914 —48","200 Climax Molybdenum Co——* —* 35% 125,400 Cluett Pea body & Co 230 —Preferred-: -.—--100 130% * 118 8,400 Coca-Cola Co (The)-Class .A. ^ 62% 1,300 18% 129,900 Colgate-Pafmolive-Peet Co—* 6% preferred 100 105% 8,100 300 6% preferred called 15.900 Collins & Aikman 33% 230 5% preferred 100 110 18% 6,200 Colorado Fuel & Iron Corp—* 100 780 Colorado & Southern 4% 5 4% 1st preferred -100 2,900 4% 2d preferred 180 ——100 4% Columbia Broadcasting System Inc class A -2.50 24% 23,000 Class B 2.50 24 11,700 * 163,900 Columbia Gas & El_\ J* 88 6% preferred series A_ - -100 9,000 5 % preferred 290 100 74% * 93 4,800 Columbian Carbon v t c 7 10,200 Columbia Pictures Corp vtc.* $2.75*conv preferred * 5,600 19% 34,600 Commercial Credit————10 46% • 1,050 161,000 195,300 15,500 2,700 3,200 9,200 111,100 1,500 5,400 1,100 2,800 600 1,200 13,600 9,800 6,300 2,400 27.400 500 2,800 16,300 224,700 17,700 6,600 1,380 11,900 300 30,800 12,600 21,200 1,100 1,000 2,300 31,200 700 1,300 27,500 520 9,500 900 510 25,700 810 2,900 7,800 9,200 2,400 255,800 21,200 505 55,800 1,500 5,300 29,400 502,700 48,900 10,000 800 2.500 170 19% Sale Sale 5 $4.50 preferred * _ 5 _2.50 - Continental Oil of Del--Continental Steel Corp 5 - —... Cudahy Packing— — 50 Cuneo Press Inc — 5 Feb. 26 Sale Sale Sale 87 Feb. 2 78 82 Sale 112% Sale Sale Sale Sale Sale Sale Sale Sale Sale Feb. 23 Sale 7% Sale 1 % Sale Sale 18 17 3% 14% 101% 15% 12% 1 Sale 115 7 7% 40% Sale 3% Sale 23% Sale 28% a2W Sale 1 16 Sale 4% Sale 23% Sale 28 27% Sale Sale Sale Sale 55% 113 4% Feb. 3 Sale 1 Sale Sale Feb. 1 Sale 22% 101% 31% Sale Sale Feb. 28 Sale 100% Feb. 28 3% sF< 27% Sale Sale Sale Sale Sale 85 4 38 15% 89 41% 42 Sale 90% 35% Sale 79 3 Sale Sale 3% 6% Sale 80 Sale 14 13% 26% Sale 3% Sale 42% 43% 90 53 55 20% 4% 18% 60 Sale 1 rA niH Sale Sale . Feb. 15 Feb. 29 32% Sale 28 Feb. 1 ft" 40 44% 41 Feb. 3 42 5, 17 Sale 40% Feb. 15% Feb. 90% 38% 82% 3% 7% Sale 89 Sale 35 Feb: 20 Feb. 1 Sale 79 Feb. 1 3% Feb. 6% Feb. 13 88 13% 4 43% 10% 28% 88% 57 19 4% Sale ' 90 Sale 80 Sale 26 Sale Sale 4% 5 15% 17 112% 111 1 Feb. 14 Feb. Feb. 1 2 18% Feb. 1 1 i* It Feb. 5 Feb. 26 Feb. 3 Feb. 15 Jan. 18 Jan. 2 Jan. 15 Jan. 5 % J an, 22% Jan. 12 Jan. 4 2 8 3 3 17 13 15 Feb. 29 Feb. 29 8 79 Feb. 10 Jan. Feb. 29 '86 Feb. 23 Jan. 7% Jan. 30% Jan. 30 Feb. 21 15 Feb. 18 Feb. 29 15 9 29 3 Feb. 17 9 Feb. Feb. 14 Feb. 29 2 Feb. 2 Feb. 14 Feb. 9 Feb. 26 45 —Feb. 9 42% 17% Feb, _9 17;-' 91 % Feb. 39% % ,_% 82% 3% 8% % ' 1 2 7% 111% xll Feb. 23 Jan. Jan. Feb. Jan. 5% Jan. 25% Jan. 7% Jan. '8 Feb. Feb. Feb. Feb. Feb. 8 107 Jan. Jan. % Jan. 19 8% Jan. 31 3% Feb. 27 Jan. 7 31 Jan. 24 Jan. Jan. 1% Jan. 3% Jan. Feb. Jan. Jan. 14% 100% 14% 12% 1 15 2 27 3 7 Jan. 3 Jan. 5 23 28 Jan. 24 Feb. 15 Jan. Feb. 26 Jan. 10 Feb. Jan. 10 Jan. 10 94% Feb. Jan. 7 5 9 23 21 23 24 3 Feb. 24 Feb. 13 41% Jan. 19 a* Feb. 24 177 2 4% Jan. % Jan. 10 20% Feb. 28 98 Feb. 31% Jan. 6% Jan. 28 105 8 Feb. 15 Jan. 3m 27 Jan. 9 37 Jan. 9 2 Feb. 15 Jan. Feb. 20 34% Jan. 22 78% Jan. 22 3% Jan. 16 1 6% Feb. z79 Jan. 12 Jan. 15 89 Jan. 12% Feb. 20 26 Feb. 14 3% Jan. 15 ii* 4§ ii 9 28 Jan. 23 Feb. 9 82 Jan. 90 53 Jan. 9% Jan. 25 15 11 Jan. 5 5 2 20 26 9 2 6 4 23 Jan, 6 Feb. 23 24 Feb. 14% Jan. 11 29% Feb. 24 4 4% Jan. 46 Jan. 3 9 11% Feb. 2 30% Jan. 3 42 Feb. Feb. 82% Feb. 9 Feb. Jan. 37% Jan. Feb. Feb. Feb. Feb. Feb. Jan. 5% Feb. 28 3 1% Jan. 3 24% Jan. % Feb. % Feb. 20% 4% 16% 8% 19 112 5 Feb. 68 Sale 4% 7 1 Feb. 87 6 15 9 Feb. 29 _ Feb. 1 Feb. 29 Sale 90 Feb. 15 Feb. 5% Feb. 29 1 % Feb. 29 23% Feb. 15 1 101 % Feb. 5 32 % Feb. 7% Feb. 15 7. 33;% Feb. 20 12% Feb. 20 4% 17% Sale 31eU 29 Jan. 3 Feb. 21 Feb. 9 172 Sale 7 Sale 4 11 Jan. 9 Sale 175 Sale Jan. Jan. 2 15 2 1% Feb. 95% Feb. 29 " Sale 32 3 9 2 7 5 Sale 32% 26 Feb. 28 Feb. 174 105 Sale 10 Jan. Feb. 1 Feb. Feb. Jan. Jan. 13% 1% 60% 30% 4 2 65 2 24 174 Feb. Feb. 9 9 Feb. 26 172 3 12 28 51% Jan. 110% Jan. 104 2 Jan. 55 8 Feb. 23% 26% 53% 62% 6% Jan. 19% Jan. 46% Jan. 3 Jan. 12 Feb. 47% 115% 7% 40% 4% 24% 29% Jan. Jan. Jan. Feb. 29 14 19% 4% 5% 4% 47% Feb 17 113 Feb. 29 116% Jan. 26 4 6% Jan. 13 7% Jan. 38 Jan. 19 40% Feb. 29 Feb. 2 3% Jan. 15 Jan. 5 22% Jan. 12 25 Jan. 22 29% Feb. 14 5 61% Jan. 3 53% Feb. 62 Jan. 13 4 65% Jan. 6% Feb. 39% Feb. 4 17 8 29 Sale 14 29 Feb. Feb. Sale 21 8 ,1 Sale 29 16% Feb. 42% Feb. Sale 29 7 Sale 63% Feb. Feb. 42% Sale 115% 116 54 87 5 2 104 5 40 90 Jan. 23 9 Feb. Sale 19 4% Jan. 19 3% Feb. 27 Jan. Feb. 94% Feb. Sale Jan. Feb. 27 Feb. 16 Sale 3 63 Feb. 9% Feb. 21 7 32% Feb. 3 Jan. Feb. 8 13 7 8% Feb. 1 4% Feb. 9 7% Feb. 2% Feb. 29 3 % Feb. 13 5 82 3 19 14 4 15 20 Feb. 21 23 106% Feb. 6 30 103% Jan. 30 16 3 35% Feb. 28 112% Feb. 10 17% Feb. 29 Feb. 1 172 40% Jan. 13 Feb. 29 30 110 6 1 28 Jan. 16% Jan. 103% Jan. 103% Jan. 6 3 64% Sale 172% 180 4% Sale 90 39* 2 44 Feb. 29 142 Feb. 2 123% Jan. 26 81 1 Jan. 61 9 . 23 Feb. Feb. Feb. Feb. Feb. Feb. 27 Feb. 22% Jan. 5% 24% 13% 8% 29% 14% 1 109 13 26 7 83 86 Sale 82 40. 10 Sale 7% pref.... 100 $8 preferred ————* page Feb. 3 % 10 5 preferred———25 1 650 Dayton Pr & Lt4y%% pref-100 79 Sale 29% Sale Conv 6% 1 2 Sale 10% 6,500 Davison Ohem Corp (The) 14 Feb. Sale 30 * Feb. 8 c, 1 14,900 Cutler-Hammer Inc 1,900 Davega Stores Corp—... 7 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Curtiss Wright Class A Cushman Sons 7 Feb. 26% Feb. 7% 31% 107% % 8% 13% 26% 4% 44% —1 9 Sale 103 Sale 29 5% Feb. 21 2 22% Feb. Sale 81% Feb. 35% Jan. 35% Jan. 136 118 9 8 Feb. Sale 46% Feb. 16 48 7 108% Feb. 21 109% 107% Feb. 9 1 Sale 55% Feb. 53% Feb. 2 112% Feb. 23 112% 112% Feb. 9 Sale 14% Feb. 13% Feb. 26 3 1 % Feb. 1 Sale 1% Feb. 67 Feb. 28 2 Sale 63% Feb. 9 Sale 31% Feb. 29 32% Feb. Sale 94% ilH !?* 19 9 Sale 108% Sale 23% Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 21 Sale 31% 7% 10 78 15 Sale 101% 103 35% Jan. 76% Feb. Feb. Sale Sale 7% Sale 6 Feb. 1 Feb. 3 Feb. Feb. 10 8 Feb. 7 Feb. 8 Feb. Sale 76% Sale 94% Sale 26% 26% 6% 89% 78% 93% 7% 22% Feb. 27 Feb. 21 75% Feb. 28 3 87% Feb. 6% Feb. 21 Curtis Publishing Co (The)-.* Preferred ...— * Corp 1 6 6 2% 61 13 23% Feb. Sale 113 Feb. 1 123 Feb. Feb. 281 63 20 1 Feb. Feb. 10 106% 1 103% Feb. Feb. 26 35% Feb. 28 112% Feb. 29 19% 6 4% Feb. 4% Feb. 19 4 Feb. 27 23 % Feb. Sale Continental Diamond Fibre Continental Insurance. Continental Motors 14 Sale Sale 42% 9 19 Feb. Sale Sale Continental Can————-20 Feb. 44% Feb. Sale Sale ------------ 39 1 24 Sale - 5 29 142 Sale Sale Class B Feb. Sale Sale 8% preferred—---——100 Feb. Feb. Sale Sale Consolidated Oil Corp * Consol RR of Cuba 6% pf-100 Consolidation Coal Co v t C-25 Feb. 1 27 114 1 40% Feb. 17 78 Feb. 19 14 Sale Sale Sale —— see Sale Sale $2.25 conv pref w w * 1,550 Preferred ex-warrants * 3,600 52,700 Crown Zellerbach Corp.-——5 $5 conv preferred * 2,040 21,200 Crucible Steel of America.. 100 Preferred .—.100 1,500 100 920 Cuba RR 6% preferred 10 41,700 Cuban American Sugar. Preferred .100 1,920 For footnotes 65 Sale Sale 100 40,200 Crane Co 5% conv preferred.: 100 2,000 2 3,000 Cream of Wheat Corp (The) 4,600 Crosley Corp (The)-—-—* * 57,800 Crown Cork & Seal 600 Sale Sale 36% 37% Sale Sale 43 38% 38% Sale Sale 136 134% 139% 1136 Sale 120 119% 119% Sale 61 62% 63% 62% 63% 19% Sale 17% 17% Sale 105 106 106% 105% Sale 103% Sale 103% 104% 103% 31 30% 31% 34% 34% 110 111 110% Sale 17% Sale 17% 17% Sale 4 3% 3% 3% 3% 4% 4% 4% 4% 4% 3 % 3% 3% 5% 4% 9% $5 preferred ——* Consolidated Film Industry- _1 $2 partic preferred-———* Consol Laundries Corp.—---5 Feb. 37% Feb. 76% Feb. 37 Sale 100 — 111 46 Sale Sale Consol Coppermines Corp 5 Consol Edison Co of N Y Inc.* 7% preferred 6 %% prior pref --1 1 -.———-25 200 78 Sale 73,000 Coty Inc 32,900 Coty International Corp 30 "7",6 55 Sale Sale 8 Sale 4.410 GornJExch Bank Trust Co--20 25,000 Corn Products Refining—-—25 Preferred —----100 1,000 5,000 11,600 14,300 8,100 550,600 52,200 515 77-M Sale 5% preferred v t c --100 Consumers Pow Co $4.50 pref-* 35,800 Container Corp of America..20 26.800 Continental Baking Co class A 17,300 5,400 Sale 103% 105 52% Sale 110% __* 3,500 Conde Nast Publications —* 11,700 Congoleum-Nairn Inc ——* 9.900 Congress Cigar 350 Conn Ry & Ltg 4 % % pref- -100 —1 42,100 Consol Aircraft Corp-— —— * 41,700 Consolidated Cigar 690 700 «• <» »• 900 4%% conv. preferred—-100 39,520 Comm'l Investment Trust—* $4.25 conv. pref ser of 1935-* 700 -_* 168,100 Commercial Solvents 267,500 Commonwealth & Southern--* $6 preferred -_* 16,900 256,300 Commonwealth Edison Co.-25 300 2,600 • — 100 84,600 75,900 5,900 2,100 1,400 6,100 42,500 • 114% Feb. 9 53 Jan. 12 12 Jan. 12 181 4) Jan. 30 20% Jan. 4% Jan. 16* Jan. 11 8 Jan. 5 16 Feb. 26 6) 1113 Jan. 22 8 Feb. Jan. 31 112 Jan. 31 9 5 34 N. Y. STOCK EXCHANGE-STOCKS AQOREOATE SALES Since February Jan. 1 Shares Shares 30.000 4,000 4,400 7,900 13,100 1,500 1,000 2,100 1,200 1,100 10,000 11,800 1,200 1,700 2,590 3,000 19,100 32,300 6,800 12,400 3,200 200 N. Y. STOCK 56,000 6,600 5,800 33,500 34,500 2,300 2,000 3,800 4,400 3,800 17,600 42,000 2,600 3,690 4,490 8,300 31,800 69,900 15,100 23,300 6,100 1,000 340 28",600 6,250 -* Deere & Co Preferred 20 Deisel-Wemmer-Gilb Corp..l0 Delaware & Hudson 100 Del Lackawanna & Western 50 J Denver Rio Gr & West pf_100 —100 Detroit Edison * Raynolds A Co...2 Corp-Seagrams Ltd---* 5% pref with warrants...100 Dixie-Vortex Co * Class A —* Doehler Die Casting Co—-.* * Dome Mines Ltd—.. Douglas Aircraft Co Dow Chemical Co Inc * - . 2,800 24,500 17,900 6,800 5,100 4",000 4,900 2,100 — 3,300 240 570 24,400 85,300 4,400 1,700 2,900 11,100 800 600 800 1,600 2,800 1,800 900 "4~,I6O 4,600 11,600 1,000 340 12,200 11,700 1,800 90 1,200 5,800 3,800 14,000 500 3,000 7,600 "4",000 1,200 6,400 15,400 1,200 300 4,200 1,500 4,500 6,700 1,600 10/700 1 30 Filene's (Wm) Sons Co.._.._* Firestone Tire & Rubber 10 720 9,300 1 150 d finn ' on 13",300 5,200 5,500 3,900 2,300 30 2,900 900 200 1,800 200 7,100 6,600 1,220 1,400 9,500 2,800 2,000 3,600 1,160 105,000 18,600 600 8,800 "3",500 1,020 85,100 3,600 4,200 28,300 4,000 50 1,000 3,600 110 7,500 1,600 4,300 4,100 2,350 12,700 6,500 1,200 50 6,900 20.400 2,400 25,800 13 Sale" 173 176 29 Vs 16% 1% Sale 17 Sale 38 Sale 100 6% preferred series A * First National Stores FlintkoteCo --* (The)— —.* Florence Stove Co Florsheim Shoe (The) cl A—* IFollansbee Bros ...—.—* Food Machinery Corp 434% conv 10 100 preferred Sale Sale 2834 4)4 Vs Sale 4% 1 24 Sale 21)4 23)4 20 Vs Sale 04)4 105 46 Sale 20 Vs Sale 3434 Sale 24 24%. 2)4 2% 33)4 3434 0654 10734 4% 30 32 Vs 5% 35 * *•654 -—* 102 Gen Amer Transp Corp.— 5 56)4 15,600 General Baking Co 5 7)4 19,300 $8 preferred —* 138 1,560 $6 preferred 17,900 5,300 3,300 9,300 2,410 251,500 51,400 1,400 20,200 Qloaq * ♦ A Preferred 7%IIIIIIIIII1100 General Cigar inc.— * 7% preferred General Electric General Foods $4.50 preferred 3)4 1134 Sale 2134 23 53 53 Vs 1854 Sale ....... $6 conv preferred A 40 General Mills * * 145 3 .......100 113% .* 4054 * 4754 * 117 General Gas & Electric cl A 6)4 103)4 Sale Sale 40 Sale Sale Sale 121 34 Sale j Sale * 91 * 9334 9,500 5% preferred 100 128)4 Sale 3,200 General Motors Corp..... 10 54 Vs Sale 263,900 Preferred 5% ...—..* 125)4 128 7,600 Gen Outdoor AdvertisingjA..* 3634J 39 6,800 Common * 4 454 35,400 General Printing Ink .1 9% 9Vs 8,600 $6 preferred ._.* 105 4110 280 General Public Service * % 1 3,500 General Railway Signal.... * 1854 ir1934 10,800 6% preferred... 100 89 A Sale 250 Gen Realty,& Utilities Corp__l 54 Sale 13,80J $6 preferred.. * 17541 18 6,000 General Refractories._.._...* 3254 Sale 12,100 General Shoe Corp 1 14% i 15 11,000 Gen Steel Castings,$6 pref * 29 i Sale 6,310 General Telephone Co 20 19)4 Sale 28,000 Gen Theatres Equip Corp * 13 t Sale 17,600 Gen Time Instrument Corp..* 16 » 1654 1,800 6% preferred 100 82K *99% 100 General Tire & (Rubber Co 5 2254 Sale 18,900 Gillette SafetyIRazor. 5 6)4 Sale 42,400 $5 conv preferred.....—.* 47% 4-49 6,300 For footnotes see page ..... ... 40. 27 3254 2 8 81 76 27 81 Jan. 25 2 1354 Jan. 3 18 Vs Sale Sale Sale Sale 13 Sale Sale Sale Sale 154 Sale Sale Sale Sale Sale 3)4 1334 13% 103 Sale 14% 11 Sale Sale 4754 Sale 117)4 Sale % Sale 44 92" 130 : Sale 154 254 134 454 9)4 Sale !fM 90 Sale 40 Sale 24)4 Sale 2)4 Sale 75 554 34 Sale 2% Sale 3% Sale 14% Sale Sale 104 Sale 12 17934 Feb. 122)4 Feb. Feb. 29 Feb. 1 1734 91)4 91 17 Sale )! 2834 15)4 29 Sale 2734 21)4 2134 1234 Sale 15)4 16)4 26 95 2 12 129 A 53 5)4 178 92% al7 29 14)4 2834 2354 1254 1734 Feb. 554 Feb. 9 Feb. 9 Feb. 154 Feb. 1 Feb. 29 6 28% Feb. 26 2434 Feb 26 2 29 Feb. 134 Feb. 27 37 Jan. 27 Vs Jan. 6 16 Jan. 1 Jan. 154 Jan - 2 Feb. 29 2 3954 Feb. 45 8)4 Feb. 29 82 Feb. Feb. 29 8 87 Feb. 29 54 Feb. 154 Feb 254 Feb. 1 1% Feb. 20 . Feb. 24 8% Feb. 15 2134 Feb. 1 Vs Feb. 4% Feb. 38)4 Feb. 14 4 1 1 Feb. 26 7 15)4 Feb. 29 Feb. Feb. x96 24 Feb. 5 Ill Feb. 10 Feb. Feb. 76 1 19 834 Jan. 16 20 34 Jan. 15 Feb. 24 Vs Jan. 4% Jan. 17 34)| Jan. 15 1 Feb. 19 Feb. 23 Feb. 23 9 Feb. Feb. Feb. 25 r96 20 24 4)4 Jan. % Jan. 22 21 V% Jan. 23 87)4 Feb. 1734 Feb. 3934 Feb. 1 Feb. 24 Feb. 2 34 Feb. 32 Feb. Feb. 29 Feb. 45% Feb. 13 2054 Feb. 35% Feb. 15 8 Feb. 29 24 17 6 254 Feb. 23 33% Feb. 16 8 107% Feb. 1 29 10 Feb. 5 3)4 Feb. 8 70 2054 Feb. 24 26 106 3 Feb. 5 Feb. Feb. 24 23! Feb. 2 3% Feb. Feb. 14 8 234 Feb. 354 Feb. 17% Feb. 17 13% Feb. 16 Feb. 104 101 Feb. Feb. Feb. 7 Feb. 22 Feb. 21 Feb. 59 Feb. 21 Feb. Feb, 23 9 8 Feb. 2 334 Feb. 17 Feb. 20 11 9 Feb. 4034 Feb. 4834 Feb. Feb. 11734 Feb. 1 % Feb. 54 Feb. 2 9 13 111 Sale 6 Sale Sale 1234 Feb. 28 2 1554 Feb. 1834 654 Sale 5054 Sale 5 32 Feb. 9 10 2 Feb. 10 2 Jan. 2 8634 Jan. 16 9 15% Feb. 24 28 8 98 Feb. 23 55% 25 126 4 54 4H 10934 Jan. 27 110 IVs % Feb. 20 16 Jan. 12 19% 8634 Jan. 15 99% 5 34 Feb. 17 34 Feb. 19 18)4 2754 Jan. 19 33 1434 Jan. 13 9 2954 Feb. 2354 Feb. 29 1334 Feb. 19 18% Feb. 27 51 2 95-54 Feb. 15 13034 Jan. 1 22% Feb. 654iFeb. 21 6 Jan. Jan. 15 5 20% Feb. 5 634 Feb. 4954 Feb. 27 Jan. Jan. 5 Feb. 44^ Jan. Feb. 9 100 nlff 51 Feb. . 8% Jan. 128' 15 24 57% 21 145 Jan. 16 3% Jan. 5 11)4 Jan. 34 Jan. 116 20% Feb. Feb. 26 3 Jan. Feb. 5 23)4 Jan. Feb. 6 59 Feb. 21 Feb. 5 Jan. 15 1954 Jan. 2 116% Jan. 31 113 34 Jan. Jan. 2 37% Feb. 29 41 Jan. 2 4534 Jan. 12 9% 1834 48J4 I734 25 98 Jan. 7 Jan. 19 10334 Jan. 15 Jan. 16 19 Sale Jan. 50 8 24 Feb. 17% Feb. 100 29 454 Feb. 27Vs Feb. 98 51 Jan. 7 34 Jan. 142 % Feb. 2 54 Jan. 16 Jan. 3 30 15 Sale 21 Jan. 102 9 29 16 Feb. 29 13 104 2 5 22 14 37% Jan. 454 Jan. Sale Sale 4% 11)4 4954 634 20 14 99)4 a 9 3 Feb. 5 1854 Feb. 9934 Feb. 21 1 54 Feb. 1 1754 Feb. 4 3Vs Jan. 17% Feb. 5 6 3 9 2% Jan. 2 16% Feb. 9134 Feb. 34 Feb. 24 18 Feb. 1 3 Jan. Jan. 2 x44 Feb. 23 1 Feb. Jan. 32 Vs Jan. 35 Feb. 123 54 Jan. Feb. 16 Feb. 23 110 1 54 Feb. 20 5 15 9 9 14 29 16 3 110 3 Feb. Jan. Jan. 2 9554 Feb. Feb. Feb. 19 13034 Feb. 55 Feb. 1 Feb. Feb. 21 12454 Feb. 654 Feb. 20 9 954 Feb. Jan. 5 18 23 9254 128% 5254 12354 54 27 31)4 Jan. 40 8 9 3 Feb. 8 107 34 Jan. 2014 Jan. 5 72 34 Jan. 8 6 Feb. Feb. Feb. Jan. Feb. Jan. 5534 Feb. 754 Feb. 4 Jan. 9 Jan. 144 8 3 Jan. 13 Feb. Feb. Feb. Feb. Feb. Jan. 25 35 101 9 2834 Jan. 4)4 Jan. 29 Feb. 29 6 Feb. Feb. 23 285| 30 26 Feb. 3 2 30 102 1 3 8 Jan. Feb. 5 Jan. 334 Jan. 4)4 Feb. 13% Feb. 13 4934 Feb. 29 434 Feb. 12 Jan. 23 3)4 Feb. 4 3 8 634 Feb. 19 4254 Feb. 23 Feb. Feb. 105 8 21 14 8 Fen. 8 8 19 25 16 16 5 12 8 8 954 Jan. 2434 Feb. 27 2354 Jan. 2 J4iJan. 32 4 8 8 Jan, 8 Feb. 27 1% Jan. 10 41 Vs J an. 3 45% Jan. 29 35% Feb. 24% Jan. 334 Jan. 31 Feb. 44 Sale Jan. 32 3 ,ian. Feb. Feb. Jan. Jan. 3 46 Feb. 10 ' Jan. 2 18 17 % 19 Sale 4356 Jan. 1754 Jan. 70 116 Sale 104 19 6 1% 8% 36% 31M 31 % Jan. 12 89% 20 Jan. 30 Jan. 18 4054 8 22 34 Jan. Jan. 31 2154 Feb. 26 106 21 Feb. Sale 85Vs 17)4 37 % 22% 19 54 Feb. 35 3254 Feb. Jan. 5 7134 Feb. 19 17 4 19 1 2 895a Feb. 27 9 1954 Feb. 4054 Feb. 14 9 27 23 21 1 ' 2 Jan. 3254 Jan. 1734 Jan. 1% Jan. Jan. Feb. 23 24 19 17 % Jan. 16 100 34 Jan. Feb. 5 Feb. Feb. Feb. 434 Feb. Vs Feb. 6 1 9 25% Jan. 31 1534 Feb. 29 29 Feb. 5 3 1 17 27 434 Feb. % Feb. 22 Jan. 4 Feb. 6% 4254 2854 1654 17 17 12534 Feb. 29 Jan. 109% Jan. 3 111 834 Feb. 2a 1254 Jan. 73 Feb. 29 83 Jan. 82 Feb. 8 89 Jan. 87 Feb. 29 97 Jan. 54 Jan. 22 Vs Jan. I54 Jan. 23 1% Jan. 2% Jan. 23 354 Jan. 1% Feb. 20 1% Jan. 954 Feb. 24% Feb. 16 100 1 .. 2 8434 Feb. 91 Feb. 19 9 % Feb. 154 Feb. 24 1 2% Feb. 134 Feb. 10 5 6 28% Feb. 26 9 2434 Feb. 26 27rft~~2874" "J an7~23 1 1)4 Feb. 27 24 3534 Jan. 12 42 Jan. 12 14 9 10 8 4 18 Jan. 39)1 27 2 Jan. 19178 154 Feb. 6)4 Feb. Feb. Feb. 2 3454 Jan. 1454 Feb. Feb. 9 1354 Jan. 2 118 % Jan. 22 9 154 Feb. Feb. Feb. 28 15 185)4 Feb. 24 27 8 5 Feb. 44% Feb. 110 6 4 120 15)4 Feb. 31)4 Feb. 18)| 9 173 9 86 15634 Feb. 15 3 1 31% Feb. 29 454 Jan. 22 6)4 Jan. 145)4 Feb. 26 16654 Jan. 13 7 Feb. 3134 Feb. Feb. 39 35)4 Feb. 1454 Feb. 2634 Jan. 9 3234 Feb. 1734 Feb. 134 Feb. Feb. 9)4 108 Jan. 178 .Sale 2 Jan. 122 116 161 4754 Sale 11634 11854 18 175 3 ^ 3054 Feb. 1634 Feb. 1 Jan. 1 185)4 Feb. 17 8 125% Feb. 29 Feb. 175 117 2 11654 Feb. 1 31)4 Feb. Feb. 100 21)4 654 Sale 5034 Sale Jan. Sale Sale Sale Jan. 1454 Jan. 534 Feb. 1254 Feb. 115)4 12354 Sale 111 75 142 4)4 Feb. 145)4 Feb. Sale 18 U37% Sale 109 9 15 18% Feb. 28 38 3 19Vs Feb. 27 23)4 Jan. 10 15 Feb. 86 1 107)4 105 Sale 17% Feb. Sale 45 4334 4)4 Sale 9 934 19)4 Feb. 27 2234 Feb. 14 31 34% Jan. 15 1654 Jan. 15 2054 Feb. 29 6 15634 Feb. _ 116 Feb. 1154 Jan. 5 Sale 1954 10454 104 Sale 43 34 Sale 18% 35 3334 52)4 Sale 124 Feb. .38 2354 34 Vs 93 Sale 8 29 634 Feb. , 117 Feb. 5 1254 Feb. , 38 14 Feb. 1334 Feb. 8 5)4 Feb. 654 11IM 6 Feb. 43)4 Feb. 1254 Feb. Sale 4)4 Sale 18* 80 50 4934 Sale 4954 6)4 6)4 654 634 104)4 102 10334 102 Sale 5254 52 51% 754 Sale 734 754 Sale 142 144 133)4 140 142% 3 2)4 2)4 254 Ay* 954 Sale 10)4 Sale 934 21 19 1934 Sale 1854 Sale 56 59 48% 46 102 52 Feb. 14854 Feb. 1554 Feb. Sale 23)f 101 454 23 2054 Feb. 29 73 25% 16 106 4 sea Sale Sale 28 8 27 27 Sale 234 3454 Feb. 2 10 Feb. Sale 24 Sale 3354 Feb. 20 Feb. 3 12)4 Feb. 1534 Sale 100 4* 28 22% Feb. 3 % Jan. 120 Feb. 21 125)4 Jan. 20 • Feb. 24 23% Jan. 33 Vs Jan. 2 3454 Jan. 39% Feb. 23 43 % Feb. Sale Sale *§* Sale 24 2354 Jan. 5)4 Jan. Sale 6^ Sale 21 123 Feb. 29 Jan. 4234 Sale Sale Feb. 20 26 Feb. 1034 Feb. 21 4)4 834 24 1834 1834 2354 1954 Sale 2034 104)4 105)4 10454 44 Sale 44 Vs 19 Sale 1954 34 3354 Sale 24 23)4 2434 2 254 32 3234 106 107)4 Sale 1754 1754 7034 715-4 5 434 2J4 Sale 3% Sale Gen American Investors 5 81* 24 102 120 1854 Jan. 454 Jan. 54 Jan. 3 Jan. 19 20 Sale 40 80 General Bronze......... 3,500 General Cable % 1)4 234 154 Sale $3 preferred ——10 16 Sale 7,800 Gamewell Co (The) * 14% Sale 3,380 Gannett Co Inc conv $6 pref—* 102 103 100 Gar Wood Industries Inc 3 454 Sale 6,800 13 13% 2,100 Gaylord Container Corp...—5 5)4% conv preferred 50 45 50 300 700 Sale Sale 4)4 554 3834 Sale 25 25)4 16 1654 9 _ 2354 Jan27 15 25% 87 8)4 2054 Feb. 554 Feb. 34 Feb. 18)4 Feb. 4% Feb. 54 Feb. 26 5 Jan. 15 Sale Sale 16 Jan. Sale Sale Sale Gabriel Co (The) class A....* Gair Co Inc (Robt) 1 11400 ' 24 Sale 19% Feb. 25)4 Jan. 29 18% Jan. 29 154 9 17 Feb. 10)4 Feb. 21 1954 Feb. 16 Sale 19 19 —10 Sale Sale Feb. 19 2154 Feb. 6 Sale 6 2854 40 72 Freeport Sulphur Co 5 8% 86% —-10 7 200 6,800 54 154 254 1)4 27 Feb. 20 1)4 91 Feb. 121)4 Sale 4)4 Sale % 34 21% 2254 8734 Sale 17)4 Sale 85 534 1254 13 5 19% Feb. nn Feb. Sale 86 Highest Sale Prices Feb. Sale 3134 1% Sale 3834 Sale 44 Vs 110 11034 110)4 Sale 8% „?* 71 73 74)4 84)4 8634 82)4 Sale 7% conv preferred * Francisco Sugar Co * Franklin Simon pref....... 100 Foster-Wheeler Sale Sale 2334 Sale 1 IVs 4% 6 3934 Sale 99 18 Sale Sale 27 15 Vs Sale 118 2954 2554 2854 154 37 Vs 4454 Lowest Sale Prices 854 Feb. 4)4 5 16034 Sale 15134 Sale 175 Sale 17634 178 32 Sale 3154 Sale 16 1634 1654 17 1 1 Sale 134 3554 Sale 3754 Sale 1534 Sale 1454 Sale Sale Highest Sale Prices W* 76 Sale 18% 2054 8234 15234 Sale 154 Sale 734 Sale Lowest 39% Sale 77)4 Sale 5 15% Sale 27 Sale Sale 179% Sale" 184)4 123% Sale 12534 116 U7% 11634 2934 Sale 3054 Sale 6 Sale Sale *19 118 lH 15,700 Fajardo Sug Co Porto Rico—20 Federal Light & Traction.-.15 8,500 $6 preferred * 300 Fed Mining & Smelting new..2 3,400 Federal Motor Truck— * 10,800 Federal Water Service A * 6,100 Federated Department Stores.* 3,400 434 % preferred .100 1,600 Ferro Enamel Corp 1 6,100 16,600 Fidelity Phenix Fire Ins—2.50 620 5,000 120 3,500 Sale 5)4 166% 12)4 1554 634 12)4 182% Sale 30 82 11 80 120 122 80 151 17% ly< Sale 19 5 3554 Sale 18% Sale 2254 Sale Sale 117 21% 26)4 1934 Sale Sale 28%? 'Sale IVs Sale 4134 Sale Endicott-Johnson ——50 43 4134 5% preferred.. 100 10934 11034 Engineers Public Service 1 11% Sale $5 conv preferred.. * 79% Sale $5.50 preferred w w * 88% Sale $6 cum preferred * 93M Sale 1 Equitable Office Building....* Erie RR 100 IVs 4% 1st preferred 100 3)4 2 4% 2d preferred 100 1% Erie & Pitts RR Co_ 50 Eureka Vacuum Cleaner——.5 3Vs 4)4 Evans Products Co 5 8)4 Sale 94,400 Ex-Cell-0 Corp 3 20,800 * 1,700 Exchange Buffet Corp 440 Fairbanks Co 8% preferred.100 * 20,500 Fairbanks Morse Ac Co.. 8,300 3,600 13,800 30,400 3,200 1,000 12,500 4,900 4234 9 Sale Light 5% 1st pf-100 117 % American shares 11,100 * 79,700 Electric Power & Light. $7 preferred * 66,800 preferred 27,800 11,200. Electric Storage Battery 3 loflfEIk Horn CoaI Corp— 22,800 El Paso Natural Gas Co.....3 - Sale 17 1 * 10,900 Eitingon 8child 5 52,500 Electric Auto Lite (The) -3 68,300 Electric Boat Elec & Musical Industries— * Sale Sale 23 Ask 54 5 123 Sale 120% Sale 2154 Sale 2054 Sale 34 Sale 33)4 Sale 42 40 43)4 3934 9 Sale 954 Sale 77 74% 12% Sale 35 34% 17% 18% 1 --100 5,500 Eastern Rolling Mills-.-..—5 27,200 Eastman Kodak Co of N J—-* 6% preferred 100 336 —■—4 38,800 Eaton Mfg Co 2 2,900 Edison Bros Stores Inc 3,600 Sale 82% Sale * 142 Sale Mfg Co Dunhill International. Duplan Silk 8% preferred Sale Sale * Dresser 850 Duquesne 1 Sale Prices Feb. 29 Ask Bid 20% Sale 26 26)4 15)4 16)4 1854 Sale 454 Sale 34 Sale 26 Sale 124 19 preferred-.-—-25 Partic 6% Bid Sale 2334 2534 16)4 22 54 554 % Diamond T Motor Car 2,700 18,900 26,300 21,000 Ask Distil --* Diamond Match 77,000 Eastern Airlines Inc— 216 Bid 21% 33 % 41)4 8% Devoe & RANGE SINCE JAN. 1940 Feb. 1 Par 24,700 13,200 1,600 PRICES IN FEBRLARY Jan. 2 EXCHANGE 54,800 Du Pont de Nem & Co (E 1).20 $4.50 preferred 16,150 410 •— Price STOCKS In Jan. 15 19 Vs Jan. 11 Vs Jan. 2 1554 Feb. Feb. 16 2 30' Jan. Jan^ 8 16 5 3 8 FebJ 20 Feo. Jan. Jan. Jan. 20 10 3 11 Jan. 4 Feb. 21 Jan. 9 Jan. 9 Jan. 4 Jan. 11 Jan. 2 2354 Feb. 29 4 1354 Jan. 1834 Feb. 27 9 100 20 Vs Jan. 18 Jan. 23 54 Jan. 17 4 634 Jan. 4734 Jan. 3 Feb. 21 Jan. 11 3 sV AGGREGATE STOCKS Since Jan. 1 Shares Jan. 2 500 18,200 8,900 50 31,000 3,700 44,700 2,800 4,800 180 36,900 11,000 3,100 2,800 1,400 4,800 700 15,000 48,300 6,900 710 ~6"; 600 41,900 2,500 9,100 660 200 1,000 700 200 17,500 300 834 cn 50 28,400 Gobel (Adolf) 1 16,300 Goebel Brewing Co. __ --1 90 Gold & Stock Teleg Co—-100 55,800 Goodrich (B F) 6,200 $5 preferred. — 87,100 Goodyear T&R 4,400 $5 preferred * —-* 7,500 Gotham Silk Hosiery 100 119,100 Graham-Paige Motors....—1 Granby Consolidated Mining 21,300 Smelting & Power Ltd 5 Preferred Grand Union Co (The)— With div certifs 7,000 Without div certifs 5,200 2,600 8,400 1,500 51,800 93,800 12,000 1,570 * * Granite City Steel Grant (W 10 T) 20 5% preferred Prop— Great North Iron Ore Great Northern pref Great West Sugar — 17 X Sale 3834 234 234 8334 1954 6434 23 54 9234 334 68 Sale M Sale 25 1,800 Hackensack Water.. Preferred Arf 520 32,800 Hail Printing 500 Hamilton W atch 25 10 85 66 64 17 "50 140 100 101^108 860 f(M"A)" U6'$5 pref— .* 10234TOW 27 Sale 13,400 Harbison Walker Refrac— — * 150 6% preferred 100 135 734 734 —1 "4",600 Hat Corp class A 87 91 6 34 % preferred with warr 100 270 334 Sale Hayes Mfg. Corp— -2 34,900 3,000 Hazel-Atlas Glass Co—.——25 11134 Sale 7,100 "2,000 20 13,200 1,200 7,100 1,000 100 I,000 4,500 4,700 5,100 13,700 1,330 1,500 2,200 1,000 8,800 8,600 10,900 17",600 29,766 4,500 720 300 500 300 -1 17,900 Hecker Products Corp 1,600 Helme (G W) 170 7% preferred 2,800 Hercules Motors Hercules Powder.. Holly Sugar Corp 7,700 1,800 13,900 500 18,400 8,700 11,600 6,400 19,400 22,500 29,500 900 1,300 6,600 1,100 30 28,800 3,200 1,490 2,850 4,600 12,800 3,500 13,500 59,400 8,400 49,600 "4.805 10,500 1,710 2,500 89,300 18,600 3,100 5,200 60,700 1,800 23,200 219,900 5,000 930 800 400 II,200 102.200 1,900 65,800 400 82,700 73,500 1,300 1,000 1,100 1,900 1,300 250 30 4,800 2,100 7,000 ; 190 2,600 1,100 90 900 700 200 100 1,400 60 — - - 100 5% preferred Houston Oil of Howe Sound Texas v t C—25 Co.. —5 Manhattan..--.100 5% preferred—— --—---100 Hud Bay Min & Sm Co Ltd —* Hudson Motor Car—------- Hupp Motor Car 1 Corp— 3 Industrial Rayon -* Inland Steel Interchemical Corp.- Conv class B 3634 Sale 1 —1 pref ser A.* 40» Feb. 28 Feb. 8 64 Feb. 7134 Jan. 134 Jan. 9 30 734 Feb. Feb. 1 Feb. 2 1334 Jan. 934 Jan. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 16 16 21 9 9 21 6 834 Sale 96 93 3 34 108 Sale 110 734 Feb. 6 93 34 Feb. 16 334 Feb. Feb. 107 Feb. 10 1034 Sale 10634 10734 10734 Feb. 160 157 1434 Feb. 160 Jan. 4 Jan. 29 2834 100 Sale Sale Sale Sale 9 2534 8134 11.34 5 34 "8234 .. Sale I Sale 1734 Sale 734 14 Sale 3434 Sale 22J4 Sale Sale 634 Sale 87 34 Sale 13 34 Sale Sale Sale 4 Sale Sale 934 Sale 634 634 158 11234 Feb. Feb. 17 834 Feb. 26 Feb. 10 1534 Feb. 13 Sale 4 88 5 16 114 Feb. Feb. 3034 Feb. 28 2 53i Feb. 1 1234 Feb. 18 Sale 5734 1434 Sale Sale 19 19 13 34 9834 1434 1534 100 15 95 1134 734 Sale Sale TO 34 90 Sale 9534 6 1134 Sale 97% 14 61 Jan. 17 Jan. 3 Jan. 8 31 1534 Jan. 3 12 163 Jan. 8 5 13334 Jan. 62 Jan. 30 91 15 8 16 11534 Jan. 9 23 1854 Jan. 4 4 734 Feb. 27 1534 Feb. 23 Jan. 3054 Feb. 28 534 Jan. 18 1 1234 Feb. 34 6034 Jan. 12 Feb. 17 8 5434 Feb. 3334 Jan. 30 2 1134 Feb. 6734 Feb. 29 69 Feb. 1 6734 Feb. 29 Feb. 110 534 Feb. 4834 Feb. 34 Feb. 7 11034 Feb. 1 6 Feb. 26 10 Feb. 8 23 34 Feb. 29 534 Feb. 3 34 Feb. 9 11 Feb. 26 2134 3834 534 534 2534 Feb. Feb. Feb. Feb. Feb. 27 1 3 8234 1134 534 334 Feb. Feb. Feb. Feb. 5034 134 7 34 2534 634 1 1234 23 34 4034 534 Feb. Feb. Feb. Feb. Feb. Feb. 16 9 21 20 20 9 17 1 Feb. Feb. 112 Feb. 27 150 Jan. Feb. 29 7 2 2 7 8734 14% Feb. 21 6 34 Feb. 14 534 Feb. 28 43 34 Feb. 5 11034 Feb. 6 434 Feb. 16 1 27 7 1 3434 Feb. 3434 Feb. 26 6 2534 Feb. 9 14 16 60 29 Jan. 28 118 3 154 22 90 Jan. 22 17 15 15 Jan. Jan. Jan. Feb. Jan. 634 Feb. 3 Jan. 8 Jan. 8 14 6 Feb. Jan. Jan. 180 Jan. 5334 16334 354 854 634 Jan. 15 6254 Jan. Jan. Feb. 24 171 534 Jan. Feb. 29 Feb. 17 634 Feb. 9 Feb. 17 Feb. In Feb. 9 Jan. Jan. 3554 Feb. 131 Jan. 1134 Jan. 5054 Jan. 434 Jan. 51" Jan. 3454 Feb. 3454 Feb. 2534 Feb. 9734 Jan. 234 Jan. 38 22 191 15 19 1 Feb. 9 Feb. 10 6 Feb. Feb. Feb. Feb. 7 1 16 14 93 Feb. 2 29 73 Feb. 9 5 Sale 14 12634 Feb. Feb. 3 62 29 1434 Feb. Sale 120 Feb. 8 120 Feb. 21 734 Feb. 3 Feb. 24 4 22 5 1134 Feb. 17 Jan. 3 7 3834 Jan. 22 133 Jan. 18 18 Jan. 2 1434 6034 534 5634 1 36 Feb. 9 20 8 354 Feb. 2 26 6 28* 9 24 6 7 Feb. Jan. 5 21 Jan. 30 4% Jan. 1034 Jan. 8234 Feb. 16 86 Jan. 15 ■J** Jan. 1434 Feb. 26 17 Jan. 17 93 Feb. 8 Jan. 2454 Jan. 123 87 6934 12354 5534 *1334 120 Jan. Jan. 18 27 13 126 Feb. 29 7734 Jan. 19 128 Jan. 16 67 Jan. 18 1434 8 12034 Feb. Feb. Feb. Jan. Jan. 30 Jan. 4 Feb. 15 1534 Jan. 23 23 13 97 Feb. 23 97 13 12 34 9534 11734 1234 Feb. 27 13 34 Feb. 5 1134 Sale 634 Sale 9434 8 1134 Feb. 2 534 Feb. 9234 Feb. 26 13 90 100 13 15 97 Feb. 6 1254 Feb. 27 95 13 34 Feb. 734 Feb. 9534 Feb. 15 15 5 Jan. 9 1054 Jan. 31 534 Feb. 2 90 Jan. 2 6 9 16 29 Jan. 13 34 Feb. Feb. 97 14 JM 3 3 Jan. Feb. 8 Feb. Feb. Jan. 5 Jan. 17 634 Feb. 17 9 5 Jan. 15 10054 Feb. 29 434 Jan. 334 Feb. 29 9 2 Jan. 1834 Feb. 21 7 4 11 Feb. 22 8 1734 4 5 Jan. . 9 iVA 14 534 Feb. 28 17 1 27 4 1434 Feb. 21 15 4434 3 11034 15 6 12 34 19 1 2 Jan. 24 Feb. Sale 5 Jan. Feb. 16 Sale 20 Jan. Feb. 26 92 Feb. 634 Feb. 17 14 Feb. Feb. Feb. Feb. Feb. Feb. 69 34 Sale 12434 Sale Jan. Feb. Jan. Feb. 27 Feb. 1434 9034 6934 12434 5634 1334 Sale 434 934 154 3234 3 Feb. 21 Feb. 20 16 98 15 Jan. Jan. 21 9 §§* 36 Jan. Jan. 29 10 Feb. Feb. 35 27 40 108 Jan. Jan. Jan. Jan. Jan. 3 Jan. 7034 11134 634 5034 134 734 Feb. Feb. ixM 8034 1134 534 334 234 1334 Jan. Jan. Jan. Jan. 6 Feb. Jan. 31 Feb. 26 3 35 1334 2434 4154 634 654 2134 3834 534 534 2534 28 11434 Feb. Feb. 27 154 15 26 19 25 Feb. 26 26 11 11 6 34 Feb. 27 34 Feb. Feb. 6 Feb. 1034 7 2 34 Feb. 1 34 34 Feb. 1 191 Feb. 7 Feb. 5634 Feb. 24 166 29 Feb. Feb. Jan. 8 Feb. *53 3 2334 Feb. 29 534 Jan. 19 9 34 Feb. 9 2 7 1 554 Feb. 4734 Jan. 24 3 34 Jan. Feb. 634 Feb. 9 Feb. 110 Feb. 6 1 3534 Feb. 3734 13134 Feb. 24 133 1 14 34 Sale 1234 Feb. 1 60 M 54 Feb. Sale 4% 434 Feb. 28 434 Sale 90 29 3234 Feb. 9 734 Feb. 27 1534 Feb. 23 5 10034 Feb. 21 Feo. 10234 100 1 434 Feb. 334 Feb. 29 Sale 4 334 Sale 2 3 34 Feb. 29 434 Feb. 3 31 Sale 4 434 2 Feb. 16 9 Feb. 1034 10 9 934 934 8234 Feb. 16 82 34 Feb. 16 93 82 34 93 8134 1 1 834 Feb. 834 Feb. 8% 8 34 Sale 83§ Feb. 16 7 27 2534 Feb. 2734 2634 2534 Sale Feb. 29 Sale 12534 Feb. 21 126 126 124 94 .Jan. 2 434 934 134 32 34 34 18034 Sale 53 34 Sale 16234 16334 Sale 334 2534 Sale 155 19 434 27 126 11334 Jan. 17 Sale 3634 3434 8934 14 Feb. Sale 34 Sale Feb. 107 934 Jan. 10 1054 Jan. Jan. 10734 Feb. 28 110 1234 Feb. Feb. 36 Sale 334 Jan. 5934 Feb. Feb. Sale Sale 8" 12 22 4 834 Feb. 26 Jan. 30 11 6 35 41 Sale Sale 19 95 3 1134 Feb. 109 5m 26 3 Jan. 5434 Feb. Sale WA 2534 734 Jan. 334 Jan. 91 3434 Feb. Sale Sale 9834 10134 _ 11234 Jan. Feb. 27 sm Sale 3534 132 34 13434 13134 133 54^ 29 9 5 6 91 434 934 Sale 634 634 Sale Sale 2 Feb. 3034 Jan. 5 34 Jan. 3434 Jan. 17 37 1734 Jan. 15 2034 Feb. j 6 —-Febi-21- 17—Jan. 10434.Jam 25 looKJap. ziOT Feb. 14 10334 Jan. 24 Jan. 22 2834 Jan. 2 Feb. Feb. 634 166 4 1734 Jan. Feb. 10 131 61 61 434 334 Sale 3 334 334 4134 Sale 4234 110 10934 Sale 434 434 434 1034 934 Sale 2 134 a 33 32 34 Sale Sale 18934 18034 53 34 53 34 Sale 6 Feb. 3 34 Jan. 15 Feb. Sale 4934 134 134 534 534 23 34 Sale 6 Sale 11534 20 8 3 4 3 234 Feb. 23 2834 Feb. 23 87 34 J an. 131 Jan. 2 29 49 Sale 9 Jan. 12 Feb. 1134 Jan. 234 Jan. 9 8 *13234 Feb. 1 21 6134 Feb.* 17 Feb. 6734 Sale 534 534 Feb. 34 17 16 163 Feb. 113 34 105 110 Sale 534 Sale 534 534 2634 2 6 29 Jan. 16 2 6 6 1034 Feb. 20 28 10934 Feb. 5 14 Sale 22 34 Feb. Jan. 16 Feb. 23 2 16 142 1834 Jan. 2754 Jan. 2934 Jan. 3034 Jan. 93 34 Feb. 3 34 Feb. 14 112 34 Feb. 88 1434 Sale 334 21 Jan. Jan. Jan. Jan. Feb. Jan. 9 13 Sale 5534 33 34 1234 1 4 3 Jan. 110 101 Sale Jan. Jan. 3434 Feb. 2434 Feb. 16 147 135 Sale 34 34 834 Feb. 24 9 1 19 110 21 Feb. Feb. Feb. 3 3 Feb. 9l% \rA Feb. 13 3134 2334 1234 2234 2734 13334 2434 J an. 3434 Feb. 34 Feb. 32 5 9 55 Feb. 23 Feb. 16 Feb. 17 17 24 34 Jan. 834 Feb. 24 1434 934 1434 3434 2434 1434 2534 28 34 234 2834 3 34 1734 Feb. 1 Convertible class A— For footnotes see page Sale 34 Wheel— 210 Kendall Co $6 part 3 69 2 154 Sale . 1734 1 9 154 Sale Preferred Jan. 1 142 13 153 Sale — * 4,000 Kansas City Southern 4% preferred 100 1,600 1,000 Kaurmann Department Stores 1 5% conv preferred 100 100 -----5 2,800 Kayser (J) & Co.: 200 Keith-Albee Orpheum pref. 100 17,900 13,500 5934 33 34 1134 152 133 Sale * —* ---100 5,900 Jones & Laugh Steel pref..100 3.200 Kalamazoo Stove & Furn Co 10 100 Kansas City Lt 1st pref ser B_* 740 101 Sale Sale ——---1 1 5 Feb. Feb. Sale —-1 7 23 3 34 Feb. 15 Feb. 20 11334 112 Sale * 8 2034 12 . 114 166 Sale —-—10 2 Jan. 3534 Sale 88 8734 89 *13234 Sale 132 5934 6134 60 113 11134 114 1634 1734 1834 3134 3234 3034 534 6 1334 1234 Sale 118 Sale —-50 1534 15 Sale Sale 7% preferred —-—100 International Tele & Tel * Foreign share certificates—* Interstate Department Stores * 10,600 Jar vis (W B) Co 5,100 Jewel Tea inc.17,900 Johns-Manville. 14 1134 2134 Sale - 2,000 Intertype Corp 3,500 Island Creek Coal $6 preferred 60 147 734 Sale 9434 96 334 334 111 112 1034 1034 108 110 155 162 133 38 34 Sale —* 17 Feb. 88 - 24 Sale —100 Feb. 2 35 Feb. 2 3534 Feb. 27 6 Sale 2034 Feb. 19 1734 Feb. Feth -2-1 16 -Feb.- 21 -1514—4634 5 104 34. Feb^ 5 10434 Feb. 10434 Sale 10434 Feb.-14 1B234 Feb. 7 102 *101 102 Sale' TBI Feb. 16 24 2534 Feb. 2 2434 Sale 2534 26 Sale Sale Agricultural —* preferred --.100 Int. Business Machines———* International Harvester —* 7% preferred —-100 Internat Hydro-Elec Sys A.25 International Mercan Marine.* Internation Mining Corp. — 1 Feb. 3 7 Sale 5 34 Sale Prior Jan. Jan. Jan. && Feb. 28 Jan. Jan. Jan. Jan. Jan. 2 Feb. 1 85 20 34 Feb. 27 Feb. 28 69 24 54 Feb. 19 97 34 Feb. 21 8 434 Feb. Feb. 5 67 1 134 Feb. 1134 Feb. 234 Feb. Sale 8834 Internat 1134 Sale 234 Sale 28 2434 334 334 34 Sale 3834 234 234 8034 1634 6334 2134 9134 334 43 17 17 1134 2134 4034 534 534 2634 11134 Interlake Iron Preferred Sale Sale 6% preferred 100 Intercontinental Rubber..— 6 334 Feb. 234 Feb. 29 Sale 109 5% preferred International Salt International Shoe International Silver 12 Feb. Feb. Sale Sale — Feb. Sale Sale * —100 - - Feb. 4 6 55 16 4K Sale Corp---—* 1 32 Sale 6% preferred series A 100 Leased line 4%----100 RR sec stock ctfs ser A-1000 Indian Refining 10 6 Sale Sale 100 Illinois Central Feb. Feb. Feb. Feb. Feb. Feb. 140 Jan. 734 Jan. 57 50 Sale 1 13 32M .Sale 3234 3534 1.834 26 3234 2334 1334 2234 2734 Sale 534 Sale 26 5 26 Sale 4934 Sale 34 734 Feb. 1634 Sale 6 Sale 142 1534 6 1434 Feb. 934 Feb. 32 6834 Sale 11034 114 Hudson & K6lsey Hayes 13,300 8,700 -j. ^ ^ |B> „—— - 80 900 „ 34 Sale 148,000 International Nickel of Canada* Preferred -—100 1,500 146,400 International Paper & Powerl5 5% conv preferred.100 138,100 8,700 Internatl Rys of Cent Amer—* 36,500 13,000 2,500 1,300 Sale Inspiration Cons Copper—20 Insurancshares Ctfs Inc—-.1 tlnterboro Rap Trans 100 Certificates of deposit 200 3,530 1,600 3,500 2,300 1,000 91,200 21,500 6,400 400 (^Islss B Ingersol-Rand 6% preferred 330 5,800 35,800 3,100 37.100 38,100 6,700 1,400 1,600 32,600 110 Homestake Household Finance— Common stock 3,600 400 350 660 634 1334 Mining.—.—12.50 3,200 Houdaille-Hershey class A—* 7,500 4,400 11,300 6,000 9,000 12,800 18,300 12,000 Sale ---100 7% preferred 500 . Sale 5 --* 28 1934 9 16 lHaM——.IT""™ 13134 6134 11534 10 (Del) Hollander (A) & Son Holland Furnace 2734 17% Sale 6% preferred 100 Hershey Chocolate * $4 conv preferred— -* Hinde & Dauch Paper Co—10 Sale 35 Sale - Sale Sale 32 -25 100 15534 160 15 Sale 13 34 4 Feb. Sale 23 234 1 5 34 24 24 Feb. Feb. 834 Sale 60 28 27 Sale Sale Feb. 29 Sale 16 Jan. 43 1 2 Feb. 1434 3 5654 Feb. 17 20 Feb. Sale 1434 J an. 4734 Jan. 9 29 Feb. Sale 34 24 Highest Sale Prices Feb. 16 1434 934 Lowest Sale Prices Feb. 6 14 Sale Sale 14 Sale 109 10 107 8034 Sale 1734 63 34 6834 Sale 2234 97 M *9134 Sale 234 3 1 34 3534 43 34 Sale AA Sale 3 34 1834 Sale Sale 5 Feb. Feb. 3 34 Highest Feb. 8. 56 34 Feb. 1834 Feb. Feb. 334 Feb. Feb. 64 64 734 18 334 4 1734 Sale 6% preferred W* 96 Sale 48 . 130 68 34 10 —' •; 1934 Sale 1334 .3234 2334 13 34 23 34 27 34 5634 83 1434 Sale 1134 Sale 2 34 Sale 21 27 34 30 34 34 Sale 734 140 60 Sale Sale 33 17 34 4134 3 34 234 334 334 69 6734 134 Sale 69 3! 1734 Sale 92 9434 SM Sale 16 54 2234 Sale Sale 3334 Sale 23 34 2434 1734 Sale 2634 Sal© 2834 Sale 45 100 88 Sale Sale 9 M Sale 10 Green Bay & Western RR-100 1 11,000 Green (H L) Go 110,600 Greyhound Corp (The) 534% preferred 10 4,700 14,600 Guantanamo Sugar.. 850 8% preferred 100 1,200 Gulf Mobile & Northern.—100 6% preferred Sale 14 M L34 1,800 Sale Prices Ask Sale 734 Sale 5534 Sale 17 34 Sale 43 42 34 234 Sale 234 734 Sale 100 Preferred Bid Sale 51 50 1 390 Ask Bid * 31,700 Gimbel Brothers 6,500 preferred 23,200 Glidden Co (The).. — 2,500 434 % conv preferred Ask Bid Sale Prices Lowest Feb. 29 Feb. 1 Par Shares 14,500 3,000 5,500 1 v 1940 exchange n. y. stock In February RANGE SINCE JAN. PRICES IN FEBRLARY Price SALES 35 EXCHANGE-STOCKS N. Y. STOCK March, 1940] 20 Jan. 5 8 23 8 9 Feb. 1534 Jan. 95 Jan. 1334 Feb. 15 734 Jan. 3 9534 Jan. 30 N. Y. STOCK EXCHANGE-STOCKS 36 aggregate sales In Price PRICES IN FEBRLARY STOCKS Jan. 2 N. Y. STOCK EXCHANGE 1940 8hares 75,200 4,900 1,300 1,100 680 10,200 200 9,600 20,300 Par Shares ■ 580 Laclede Gas Light 220 50 940 3,400 3,600 3,100 9,500 1,300 13,400 8,100 300 640 6,200 8,200 4,400 16,600 2,900 1,700 15,700 10,600 12,300 16,600 8,200 200 1,200 1,300 9,500, 500 800 1,700 3,400 2,900 13,100 73,600 34,300 700 505,900 $.,900 ♦ Kennecott Copper '* Keystone Steel & Wire Co. * Kimberly-Clark :::i Kinney (G R) ♦ $5 prior preferred ::io Kresge (S S) Co 200 Kresge Department Stores. ..I * 13,600 Kress (S H) & Co.— ----* 41,800 Kroger Grocery & Baking. 147,100 9,100 5,100 3,300 2,770 24,400 47,900 5,500 4,800 32,000 18,200 2,600 4,500 24,800 1,300 3,400 5,400 7,900 7,600 29,600 185,000 63,400 1,400 5% preferred Lambert Co (The) Lane Bryant. — -5 Lee Rubber & Tire Lehigh Portland Cement—-25 4% convpreferred.. 100 Lehigh Valley 60 Lehigh Valley Coal -* 6% convpreferred 50 Lehman Corp. (The). — 1 Lima Locomotive Works Link Belt Co 15,400 Lion Oil Refining Co 1,200 30 12,400 7,300 1,600 3,100 8,500 690 14,900 21,300 1,700 700 26,500 900 38,700 71,700 219,200 2,700 70 700 5,600 1,700 5,200 19,200 2,600 300 4,100 40 700 32,300 19,400 8,060 1,410 7,100 38,800 18,300 10,000 1,910 270 2,500 25,300 6,600 3,400 640 6,200 100 3.800 400 2,500 7,000 11,900 2,000 13,600 2,400 9,900 130 40 45,800 400 870 6.700 12,700 4,100 6,400 1,880 6,200 3,100 30 93,900 1,200 Sale 15 16 Sale Sale 15* 4* Sale 32 5 22% 114% 111 3* iy$ 3* 22% Sale Sale Sale Sale 1 Feb. 3 Feb. 17 Feb. Feb. 19 Feb. Feb. 13 Feb. Feb. Feb. 14 43* Feb. 28 107* Feb. 17 Feb. 13 29 * Feb. Sale 107 108 Sale 3 Sale 20 Sale 105 Feb. 26 176* 175* Feb. 1 20* 19* Feb. 20 Feb. 175* 19* Feb. 10 Feb. 8 Sale Feb. 8 107 Feb. 14 30 Sale Sale Sale 30 Feb. A Sale 17% Sale 100 109 -10 24* Sale 156% Sale 20% Sale 58% Sale —100 * 100 * -* 10 1 * — guar.100 * 110 34% Sale 134% 27% Sale 133 34* Sale 12 Sale 33* 2* 6* 7 6 26 28 29 27 29 28* 15* 15* 14* 1* 14% 14% 15% 1% 4% Sale 14% Sale o Sale Sale Sale 16 1* 5 Sale 14 40 Sale 5 Sale Sale 8 Sale 30% 161% 37* Sale 52% "53% 3% Sale 25% 26% 98 100 14% Sale 15% Sale 106 24% 110 25 8 Sale Sale Sale Sale 70 63% Sale 14* Sale Sale Sale Sale 108 Implem.. 1 Sale * * Sale Sale 9 29* 166* 50* 3* 25* 1 Sale Monsanto Chemical Wks.-_.10 17 Sale 107 Sale $4.50 preferred * 118 Preferred series B * 110 120 119 Sale 51* 44* 30* 11* 16* 24* Sale 4 Sale 31 11* 69* Sale Sale 52 3* 25* 10* 11 5* 50* 110 Sale 51 3 20 20 2* Feb. 19 21 Jan. 16 12* Jan. 12 26* Jan. 18 48* 6* 41* 105* 9* 18* 16* 5* 35* 23* Feb. 6 Jan. 15 Feb. 21 Jan. 31 115 Feb. * Feb. 4 Jan. 22 18 2 2 106 Jari. Jan. Jan. 4 27* Jan. Feb.— 9 14 Feb. Feb. 3 Feb. 7 19* Feb. 59* Feb. 5 9 6 3 108* Feb. 16* 107* 23* 153* 16* 55* 4 Jan. 30 18* Jan. 31 109 Jan. 15 25 Jan. 12 159 Feb. 10 Jan. 22 60 112 Sale 7* Sale 11* Sale 112* 10* 80 Sale Sale Sale Sale 7 27* Jan. 11* Jan. 15 9 33* Jan. 19 13 23 8 Jan. 3 11 Jan. 5 Jan. 7 4 Jan. 25 27 6 111 5 Feb. Feb. 24 Feb. 29 10 Feb. 64 Feb. Feb. 99* Feb. 1 1 24* 8* 44* 12* 8* 28 14* Jan. 17 3 20 14* Jan. 14* Feb. 1 * Jan. 16 Jan. 9 2 4* Jan, 13 3* Jan. 21 9 35* Jan. 20 7* Jan. 35* Feb. 13 99 Jan. 10 Jan. 64 Feb. Feb. 66 30* Feb. 1 Feb. 3 2 22* Feb. 14* Feb. 29 Sale 29 Feb. 33* Feb. 5* Feb. 5 24 28 108 Jan. 12 21* Jan. 20 14* Jan. 3 26 15 27 Feb. 29 51 Feb. 20 110 Sale 12* 12* 75 Feb. 5 1 13 1 4 1 15 25 9 47 Feb. 29 2 106 Jan. 4 Jan. Jan. Jan. Feb. Feb. 29 22 6 6 *5 Jan. % Feb. 23 8 * Jan. 18 £16* Feb. 29 13 104 19 Feb. 1 117 Jan. 8 120 Jan. 5 2 45 Feb. 30* 11* 18* 25* 5* 1 Feb. 9 Feb. Feb. 27 Feb. 29 Feb. 16 28 24 23 5* Feb. 1 16 15 3 Feb. Jan. 14 13 50 13 28 9 Feb. 10* Feb. 68* Feb. 16 2 13 8 121* Feb. 1 55 Feb. 5 3* 37* 9* * 3* Feb. 5 110* Feb. Feb. 2 118 14 29 14 29 Feb. Feb. 1 29 Jan. 8* Jan. 13* Jan. 33* Jan. Jan. 8 4* Feb. 42* Feb. 28 10* Feb. 19 28 28 Ill 3 3 2 30 109 Sale Sale Feb. Feb. Feb. 3 5 21 Feb. . 108 5 Feb. 21 15 50* Jan. 43* 28* 10* 15* Feb. Feb. Jan. Jan. 23 Feb. 4 Jan. 30 Feb. 10 Jan. 67* Jan. 109 Feb. 5* Jan. 50 Feb. i\y> 25* 8* 47* 12* 9* 2 102* 12 11* 15 8* Feb. 47 1 22 6 53* Feb. 30 29* Jan 26 7 3 Jan. 5 Feb. 13 Feb. 21 Feb. 9 Feb. 20 Jan. 8 31* Jan. 6 169 26 31* Feb. 29 11* Feb. 21 Sale 14 Feb. 24 15* Feb. 13 Sale 9 35* Feb. 33* Feb. 3 119* Feb. 28 118* 113* Feb. Sale 16 Feb. 23 Feb. 10 Feb. 29 7 Feb. Feb. 13 Feb. 6 Feb. 24 108 Feb. 17 x22* Jan. 15 7* Jan. 17 9 Feb. 2 40* Feb. 29 Feb. 10* Jan. 15 Feb. 21 1 9 8* Feb. Feb. 9 5 5* 5* 15* 42* 14* 40* 53* 4* 26 Feb. 2 27* 98 Jan. 11 103* 14* Jan. 13 16* 14* Jan. 31 8 Sale Sale 28* Jan. 161* Jan. 50* Feb. 3 * Jan. Feb. 6 16* Jan. 1* Jan. Jan. Feb. Feb. 5 13 1 53* Feb. Jan. 27 Feb. 28 Feb. 28 Feb. 28 5 102 11 64 4 Jan. 13 Feb. 4 Feb. 16 Jan. 2 28 15 23* 7* 40* 10* 8% Jan. 28 20 108 3 Jan. Feb. ~ 5 3 Jan. Jan. 27 Feb. _ 2* Feb. 6* Feb. 28* 30* 12* 37* 3* 6* 35* 31* 6 Feb. Jan. 28 Feb. Feb. 15 Jan. 33* Feb. 24 21 53 15 23 Jan. 26 Jan. 12 Jan. 6 2ly* Jan. 3 40 Jan. 2 13% Feb. 17 18* Feb. 23 9 32* Feb. 37* Jan. 3 ~.L* Ee.b...2&- 31 100* Feb. 14* Feb. 3 46* Jan-, .2 17 4% 26* 6 103* 15* 16* _ 18* Jai 20 169 Feb. 3 42* Jan. 15 3 *- Janr 15 9 Feb. 26 5 4 F.eJb.J£8 50* Feb. 3* Feb. 28* Feb. 26 169 Sale 8 3 Feb. 13 Feb. 29 35 Jan. 12 134* Jan. Sale 4 10 11 19 15 17 10 25 15 5 5 11 29 36* Jan. 11* Jan. 15* Jan. 28* Jan. 33* Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan 1* Jan. 4* Jan. 23* Jan. 14 Feb. Jan. 15 53* Jan. 12 7* Feb. 14 43* Jan. 15 108 Feb. 26 108* Jan. 31 178* Jan. 4 20* 105 175 3 Feb. 21 30 73 110* 7* 50* 4* 31* 21* 109* 1 29* Jan. Jan. 3$ Sale 109 30 Jan. 3* 39 4 27 19 24 Sale 3* Feb. 40 39 45 Feb. 9* Sale 9* Feb. Sale * Sale * Feb. Sale Feb. 3* Sale Sale * Sale % Feb. Sale * *6 % Feb. 17* £16* Sale £16* Feb. Sale 105 Feb. zl07*Sale 117* 117 118 117* Feb. 121* 120 121* 121* Feb. Sale 53* Sale 51 Feb. 45 43* 44* 43* Feb. Sale 28* Sale 28* Feb. Sale 10* 10* 10* Feb. Sale 17* Sale 16* Feb. 24* 25* Sale 23 Feb. 5 Sale 4% Feb. niH 32 29 Jan. 24 Feb. 16 Feb. 26 26 133 Sale 3* Sale Sale Feb. Feb. 2?" . 31 Feb. Feb. 159 15 15 16 9 15 Sale Sale 44* 30 51 4 3* 39 37* 9* Sale 15 2% Jan. 25* Jan. 24* Jan. 27 168 Sale" 26* Feb. 38% Jan. 3 14* Feb. 9 Jan. 3 2* Jan 24 39 Sale 103* Sale Sale Sale 9 Sale Prices Sale 14* 15* 14* 15 14* 15* 105* 109* 109 23* Sale 23* 8 7* 7* 41 45* 44* 10* Sale 11* 8* Sale 8* 99* 100* 102* Sale 10 10* 67 76 62* 54* Sale 65* 30* Sale 33* 5* Sale 5* 23 23* 24* 15* 14* 14* 29 30 31* 8* Sale 10* 14* Sale 14* 34 33* Sale Sale 116 115* 49* 47 50* 109* 110* 102 Sale Sale Sale 99* 105 --* Sale Sale 37* Sale 7% preferred series A 100 ^Missouri Pacific —100 Convertible preferred----100 Mohawk Carpet Mills 20 * 113,900 Montgomery Ward & Co 800 Morrell (J) & Co * 50 2,500 Morris & Essex * 11,400 Motor Products 6 20,500 Motor Wheel 1 11,900 Mueller Brass Co 1 10,500 Mullins Mfg Corp class B $7 conv preferred * 2,670 * 7,400 Munsingwear * 4,900 Murphy Co (GO) 5% preferred 100 80 106,700 Murray Corp of America.—10 1,400 Myers (F E) & Bros—_—._* 3* 4 Feb. 16* Feb. 56 Feb. 9 Feb. 33* Feb. 24 34 134* Feb. 27 134* Feb.. Feb. 24* Feb. 24 27 Sale 28 Feb. 20 29* Feb. Sale 12* Feb. 11* Feb. 28 Sale 1 33* Feb. 37* Feb. Sale 5 2* Feb. 3* Feb. 6* 6* Feb. 28 6* Feb. 6 34* 28* Feb. 35* Feb. Sale 1 28* Feb. 31* Feb. Sale 1 17 Feb. 15* Feb. Sale 16 Feb. 15* Feb. 27 15* 14* Feb. 16 15* Feb. 1 * Feb. 2 1* 1* Feb. Sale 7 4* Feb. 5* Feb. Sale 3 5* Feb. 4* Feb. Sale 13 Feb. 1 15* Feb. Sale 1 37* Feb. 42* Feb. Sale 5 8* Feb. 14* Feb. 36 Feb. 35* Feb. 24 39 7 Sale Sale 158 Feb. Feb. 34 12* Sale 13* 37* 56* Sale 4 36% 18* 34* 28* Sale Sale Feb.- 23 _ Sale 140 Sale 12 Sale - 158* 25 „ _ 19* 19* 59* Sale 134 Feb. 36* Feb. 34* Feb. 29 108* 107* Feb. 5 Sale 23* Feb. 5 "Sale" 42*"Febr28 44 3* 3*. Feb. 8 -3* Sale 17* 16* Feb. 23 Sale 109 107* Feb. Sale 24* Feb. 24* 108* 24* Sale "4T*"'SaIe^ _a* Sale. 16* 17* 107* 109 24* Sale 158 25 38* 107 29 Sale Mid-Continent 36 34% 3% Sale Sale 9 Feb. 23 MengelCo —, 5% conv 1st preferred 50 Merch & Min Transp Co...* Mesta Machine Co 5 For footnotes see page 40. 27 48* 6* 41* 105* Feb. Feb. Sale _ 13 13* Sale Sale 16 " -5 410 380 Sale Feb. 16* Feb. Sale Mo-Kan-Texas 1 20 9 2 Sale 1 $6.50 preferred Mission Corp 20 Feb. Feb. Sale Sale Minn Moline Power Feb. * Feb. 20 2* Feb. 19 21 * Feb. ~ Sale 3* 3% 21% Sale 13 13* 27 Sale 48* Sale 6 * Sale 42* 41* 15* Feb. 16* Sale 32H Sale 35% Sale 106% Sale 18% Sale -46%- Sale"* 3% Sale Petroleum.-.10 Midland Steel Products __* 8% 1st preferred100 11,100 Min-Honeywell Regulator Co.* 4% conv preferred ser B—100 580 12,300 1,900 7,100 20,600 27,400 13,000 45,400 7,000 19,300 Feb. 7% Jan. 13 14* Feb. 28 16 16 100 * $6 preferred series A * $5.50 pref ser B with warr..* Copper 3 3* Sale Sale 6 21 * 7% gtd certifs of deposit Modified 5% guaranteed 100 Certificates of deposit Manhattan Shirt.. —25 Maracaibo Oil Explor 1 Marine Midland Corp ---5 Market Street Ry prior pref 100 Marshall Field & Co— * Martin (Glenn L) Co 1 Martin Parry Corp * Masonite Corp —* Miami Feb. 8* Feb. 15* Feb. Feb. 17 * Melville Shoe Corp...—. 110 28* Jan. 2 Feb. —25 preferred 113 21 27 .... — S3 Sale Feb. 4 Feb. * Macy (R H) Co Inc.. Madison Square Garden Magma Copper Manati Sugar Co Sale 30 14 3 16 12 1 - 5* 5* Feb. 16 Feb. 28 Feb. 1 Feb. 6 Feb. 5 Feb. 21 26 28 Feb. Feb. Feb. Sale $6.50 preferred— Preferred 16 Sale 1 7* 14* 15* 4* 31* 21 * 15* 17 Sale 26 13 Lo hg . Sale 22* Sale 110* Sale 3* 3% Sale Sale 8* 7% 14 %iH 22 Sale 9 12* 540 6% conv preferred 11,400 Mead Corp 40 Sale Sale 21 Feb. Feb. Feb. Feb. Sale $6 1st preferred * * 9,300 McCall Corp --1 23,800 McCrory Stores— 700 6% conv preferred.. 100 1 11,400 McGraw Electric Co * 4,400 McGraw Hill Publ Co. 12,100 Mclntyre Porcupine Mines.-.6 10 36,300 McKeesport Tin Plate --1 7,800 McLellan Stores Co. 600 10,900 6,500 2,720 Sale Sale 38* Feb. 12% 10,700 May Department Stores—-.10 * 3,900 Maytag Co (The) 2,500 10,000 Sale 1 20 1 25* Feb. 3* Feb. 29 Feb. 27 25 1 x28% Feb. 1 Highest Sale Prices 2 34% Feb. 13* Jan. 12 35 Jan. 15 14* 36* 2* 30* 26 40 700 280 4* .. Sale 2* Feb. 28* Feb. 7 Feb. Sale 5,100 2,300 200 3* 29 28* 35 37 15,800 Mathieson Alkali Works—...» 60 7% preferred —--100 8,200 Sale 2* 13* Feb. 29 Sale 25 * 400 Mandel Bros IManhat'n Ry Co 7% 2,120 1,100 25,900 49,800 5,300 2,200 57,300 2,200 56,500 134,200 281,600 10,800 25 Sale Sale 2,400 MacAndrews & Forbes Co.-10 300 6% preferred 100 Mack Truck Inc —* 300 1,240 26 3 Sale Sale 35% Sale x37 13% 13% Sale 36 36* 34% 2% Sale 2* 30 29* Sale 25% Sale x25% 4% 3* 3% 26 28 28% 30 *28 * Sale Sale 1 14,300 Louisville Gas & Elec A 8,300 Louisville & Nashville 29,600 24,700 5,500 8,000 12,400 Sale Lowest Sale Prices 40 Loew's Xnc_ 5% preferred. 32,700 Lorillard (P) common 960 Sale 14 38 Highest Sale Prices 2 34% Feb. Ask 28 Liquid Carbonic Corp Lockheed Aircraft Corp 250 370 8,400 2,800 37X 13 * Ask Bid Bid * —* -* 1,070,700 Loft Inc 23,700 Ask Lehn & Fink Products Corp-.5 12 13% Lerner Stores Corp 27 * 28% 52 Sale Libbey-Owens-Ford Glass....* 6y Sale Libby McNeill & Libby 7 Life Savers Corp 41 Sale -5 Sale Liggett & Myers Tob com—25 106 Series B -25 % Sale Preferred 100 176 178% 17 Lily Tulip Cup Corp ... * 18% 2,000. *^*ta<?wan6,900 Long Bell Lumber A 8,200 Loose-Wiles Biscuit. 1,200 150 100 100 * * Bid Lowest Feb. 29 Feb. 1 February RANGE SINCE JAN. 4 Feb. 20 Jan. 4 Feb. 23 Jan. 13 Feb. 29 Jan. 8 Jan. 4 Feb. Jan. 24, 4 Feb. 9 Jan. Jan. 3 9 Jan. 4 Jan. 11 Jan. 6 64 Feb. 5 66 Feb.. 24 33* Feb. 28 5 6* Jan. 26 Feb. 21 16* Jan. 10 31* Feb.29 11* Feb. 21 2 16* Jan. 37 Jan. 4 119* Feb. 28 8 53* Jan. 110 Jan. 20 4* 42* 10* 1* 4* t Jan. 6 Feb. 28 Jan. 8 Jan. 2 Jan. 3 Jan. 8 Jan. 3 4 19* Jan. 15 110* Feb. 13 16 118 Jan. 8 4 121* Jan. 30 15 56 Jan. 3 14 45 Feb. 2 29 12 20 6 30 3 22 23 13 13 15 30* Feb. 12* Jan. 18* Feb. 26* Jan. 5* Feb. 39 Feb. 14 Feb. 75 Feb. 110* Feb. Feb. Jan. 5f* 1 3 27 9 16 28 15 24 23 16 12 N. Y. STOCK March, 1940] AGGREGATE SALES Since February Jan. 1 Shares 61,100 710 12,400 7,300 26,100 200 3,100 500 600 10,100 3,000 36,200 360 330 3,100 2,300 19,300 200 16,000 600 26,600 800 170 6,000 15,200 11,700 9,400 1,000 3,000 n. y. stock Shares 1,400 23,900 7,500 72,100 1.110 3,610 5,600 17,900 3,800 1,000 8,100 2,000 800 Corp-* Cash Register * 25 Co of Pa—10 $2 conv. preferred 40 5%% prior preferred—--100 6% prior preferred --100 National Tea Co * Natomas Co * Neisner Bros Inc——-—--1 4 %% conv serial pref—100 500 --* 1,500 Newberry Co fJ J)— 5% preferred series A 100 200 10 4,400 Newmont Mining Corp 39,300 7,400 249,600 7,800 21,000 5,200 1,300 900 160 New York & Harlem.. 50 10% preferred 50 650 1,200 2,100 250 39,900 2,300 3,400 68,400 370 V ,400 900 470 3,200 60 33,100 7,300 2,900 500 300 11,500 430 470 9,100 80 22,700 50 20 30 460 200 470 3,400 147,100 228,500 571.700 3,200 7,000 2,700 115,300 1,700 9,600 300 900 950 2,450 700 2,800 11,800 27,400 3,900 700 3,000 5 7% 110% "52 H Sale Sale h Sale 32 Sale Sale Sale 58 Sale 89 Sale 111% Sale Sale 44% Sale Sale Sale Sale 6% 100 Sale 1st preferred— Outboard Marine & Mfg..—5 Outlet Co * ... Preferred 100 ... Owens-Illinois Glass Co.. 12.50 Pacific Coast 1st 43 Sale 55 51% 116% 120 62% Sale 5% Sale 10 - 6% 23% * preferred Pacific Mills Pacific 600 14,100 7,300 39,100 11,900 9,900 2,300 1,000 180,500 1,000 5,700 12% Sale * Sale .-100 100 _1 132 "7% 10 12% 23% Sale 18% Sale Sale Packard Motor Car Sale Pan American Airways Corp. Sale 165 18 97 Sale 112 109% Sale Sale 6 6% 5% Sale 23% 12% 13% 10% Sale 5% 6 24% 13 11 91 96% 93 21% 19% Sale 174% 2171 172 Sale 148 Sale 8 41 40 41% 40% 3% Sale 9% Sale 24 87 138 22% 7% 67% 8% 13% 42% 42% 5% 9% 24% 86 41% 40% 107% 109% 72% Sale 11% Sale 'SSif IF Panhandle Prod & 5 1 * Ref Paraffine Cos Inc 100 4% conv preferred Paramount Pictures__ 1st preferred 2d preferred Park & Tilford Park 1 113 110 110 Sale 95 1 1 15 Penick & Ford —-* Penney (J C) Co * Penn Coal & Coke .10 * Penn-Dixie Cement $7 pref series A * Penn Glass Sand Corp v t C—* $7 conv preferred __* Pennsylvania RR Co.— 50 People's Drug Stores Inc * People's Gas Light & Coke.100 conv 100 900 Peoria & Eastern Pere Marquette -100 2,000 Prior preferred 100 2,760 Preferred 100 6,370 Pet Milk— * 1,000 Petroleum Corp 5 8,900 Pfeiffer Brewing Co * 25,800 25 66,500 Phelps Dodge 50 9,600 Philadelphia Co pref 6% $6 preferred * 1,700 10,900 Philadelphia & Reading C & I_» For footnotes see page 40 - - — — Sale 8% il* 2% Sale Sale 44 19% Sale 10 vf Sale Sale 6% Sale 59% 61 95 Sale 2% Sale Sale 23 13 37 3% 11% 33 27 20% 8 Sale 22% 8% 6% 6% 40% Sale 43 44 81% % 83 ' % Feb. 2 1 Feb. 1 1 Feb. 23 18% Feb. 10% Feb. ill* Feb. Feb. Feb. 86% Feb. 41% 110 Feb. 74% Sale 71% Feb. 11% Feb. Feb. 19% Feb. 5 16 Feb. Feb. Feb. % Feb. 54 a % Feb. 13% Feb. Sale 93 15% Sale 41% Feb. 15 9 109% Feb. 1 75% Feb. 5 14% Feb. 1 47 Feb. 24 21 20 17% Feb. 19% Fern Feb. Feb. Feb. Feb. Feb. 9 9 9 6 9 29 27 28 1 Feb. 14 3% Feb. 16 6% Feb. 8 112% Feb. 8 1 % Feb. 59 10 Feb. 2 1 16 a;24% Feb. 28 87 Feb. 14 21 Feb Sale 100% Feb. 26 97 Feb. 13 5 11% Feb. 19 5 17% Feb. 21 1 114 Feb. 7 41% Feb. 20 109 % Sale 1 % 6% Sale 19 18% 13% Sale 6% 19% 13% Sale 105 104% 4% 5% 4% 17% 153% 17% 141% Sale 138% Sale 10 10% 36 40 34% 27% 27% Sale 55 51 120 Sale 115 62% 6 Sale 6 Sale 22 • 12% 11% y % 41% 95 7% 83% 8% 17 3% ... 119 Feb. 13 34% 32% 4% 7% 115 9 Feb. 20 % Feb. 2 Feb. 1 Feb. 14 19 56 2 10 1% 14 % 1 3 107 Feb. Feb. 27 31% Feb. 24 Feb. 24 218 112% Feb. 10 22% Feb. 15 57% Feb. 26 57% Feb. 21 35 43% 76% % 5 Sale 144 Sale 37% 28% 10 1 37 8 Feb. Feb. 27% Feb. 55 Feb. Sale Sale Sale 88 9 18 Sale Sale Sale Sale Sale 6% 92 Sale 18 Sale 26 % Feb. 13 Sale Sale Sale Sale % 44% 76% % 22 15% Jan. 22 T6"%Jan. 30% Jan. 31 % Feb. 3% Jan. 6% Jan. "22 110 Jan. 52% % 1% % Jan. Jan. Jan. 92 Jan. Jan. 13% Jan. 28% Jan. 23 14 12 31 9 15 88 8 Feb. Jan. 26 Feb. 15 Jan. 7% Jan. Ill Jan. 30 Jan. 31 41% Jan. 24 4 6% Feb. 24 18% Jan. 20 13% Jan. 103% Jan. 5 Jan. 2 Feb. 34% Feb. Feb. Feb. 17 10 32% Jan. 46% Feb. 15 12 8 29 11 Jan. Jan. 5 23 3 7% Jan. 12 Feb. 15 12 Feb. 8 3% Jan. t/15% Feb. Feb. Feb. 28 8 15 Feb. Jan. Feb. Jan. 14 18 16 20 7 Jan. 5 8% Feb. 86% Feb. 5 85 Jan. 2 6 11* Feb. 20 8% Jan. 18 Feb. 6 2% 43% 21% 1% 11% Feb. 21 4 Feb. 8 4 Feb. 24 Feb. 17 19 14% 14 Feb. 9 14 Feb. 9 36 Feb. 3 Feb. 10% 30% 21 % 21% 7% 16 1 Feb. 1 Feb. 1 Feb. 1 Feb. Feb. 10 7% Feb. 8 Feb. 17 2 Feb. 2 10% Feb. 5 x39% Feb. 21 8% Feb. 20 34% 41 % 76% % Feb. Feb. Feb. Feb. 2 45 1 80 2 Feb. Feb. 13 2 % Feb. 5 Feb. 87% .Tan. 18 25 4 4 9% Feb. 20 6 18 Jan. 15 22 Feb. 28 Jan. Jan. Feb. Feb. 11 2% Jan. 3% Jan. 2 1% 9% 5% 55% 88 13 17 1% Jan. 4 11% Feb. 21 Jan. 2 7 1 62% Jan. 6 95 23 4 5 25 24 Feb. 16 Jan. 24 30% Feb. 21% Feb. 1 10 - 15 5 16 1 Jan. 4% Jan. Feb. 5 16% 118% 24% 36% 38% Feb. Jan. Jan. Jan. Jan. Jan. Feb. 9 Feb. 3 4 4 17 Jan. 4 Feb. 2 2 11 4 4 Jan. Jan. Jan. 14 30 40 Jan. 20 47 Jan. 74% Jan; % Jan. 26 85 Jan. 5 3 5 5 4 27 3 Jan. 12% 36% 28% 22% 8% 10% 40% Jan. 11 5 2 8 17 3 4% Jan. 7% Jan. 6% Jan. 34% Feb. 21 5 Jan. Jan. Jan. Jan. Feb. Jan. 3 9 Jan. 44 101% Jan. 15 8% Jan. 10 2 23 3 16 28 Jan. Feb. Feb. Feb. 12 3 Feb. 28 2% Jan. 44% Jan. 3 Feb. 15 Jan. 9 15 11% 34% 25% 22% Feb. Jan. 7 24 Feb. 3 Jan. 17 3 4 23 24 4 4 Jan. 38% Feb. 36 7% 8% 3% 20% 1% 7% 6 13 4 9 1% Feb. 42% Feb. 17 20% 13% 118% 21% 33% 35% 23% Feb. 20 21% Feb. 33 % Feb. Feb. Jan. 16% Jan. 13 Jan. 1 Feb. Jan. Feb. % 6% % 41% 50 Feb. 26 5 Feb. 6 154 Feb. Feb. 100 3 5 Jan. 16 134 6 57% Feb. 14 90% Feb. 21 Jan. 4 19 Jan. 3 Jan. 11 Feb. 8 30 Jan. 22 55 Jan. 17 120 6 64% Jan. 6% Jan. 10 iUM IF Jan. 2 6 4 8 7 Jan. Feb. 6 Feb. Feb. Jan. Jan. 130% Jan. 14 . 6% 23% 12% 151 12% 15 34% 151 21 26% Jan. 17 6 21 3 Jan. 24 6 Feb. 7% Jan. Jan. 58 4* Feb. Feb. 34% Jan. 5% Jan. 42% Jan. 3 8 10 3 20 3 Id 3 3 12 59 29 Feb. 23 Feb. 31% Feb. 24 Jan. 23 7 Feb. 56 10% Feb. 20 Feb. 2 Jan. 4 75% Feb. 21 14% Feb. 20 50 Jan. 3" 18%.Jan... 3 21% Jan. " 4~ 39 Jan. 33 Jan. 5% Jan. 7% Jan. 115 Feb. 27 22 13 14% 22 106% 24 5% 15% Feb. 28 Feb. 20 41% 5 90% Feb. 18 9% Jan. 17 112% Feb. 33% Jan. Feb. Feb. 87 4 Feb. 23 15 Feb. 29 Jan. 29 Jan. 3 Feb. 14 Jan. 25 3 5% Feb. Feb. 5% 10% 25% 3 4 26 Feb. 6 Feb. Jan. Jan. jau, Jan. Feb. % Feb. 43 22 219 Feb. 1 4 3 Jan. Feb. 26 113 Feb. 29 8* Jan. 2 101 1 Jan. Jan. Jan. Jan. 6 7 27 8% 73% 9% 13% 43% Jan. Feb. Feb. 86% Feb. 8% Feb. 17% Feb. 4 Jan Feb. 13 Feb. 21 Jan. 6 Jan. 3 96 Feb. 31 21% Feb. 29 173% Jan. 31 148% Jan. 29 Jan. 15 13 9 5 3 3 110% 21% 56% 56% 22% 59% Jan. 5% Feb. Feb. 4 208 3 1 6% 23% 12% 12% 8 6% 6% 25% 15% 12% 2 24 Feb. Jan. 3 20 3 4 Jan. 11 25 15 16% Feb. 19 Feb. 27 30 107 5 Feb. 6 97 20% Jan. 16% Jan. 12% 124% Jan. 17% Jan. 116% Jan. 23 Jan. 5 % 18 10 Feb. 80,y 1 37 3 % Feb. 20% Feb. Sale Jan. 41 2 24 20 17 110 9 11% Feb. 38% Feb. 20 24 Sale Jan. Jan. 40 108% Jan. 71% Feb. 11% Jan. 4 10 12 26 16 Feb. 88 38 Jan. 42 Sale 22% Sale 9% 24 83 10 101 Sale Sale Jan. 40% Feb. 3 % Jan. 9% Jan. 23 15 1 % Feb. 28 2 10% Feb. 5 5% Feb. 1 55% Feb. 21% 7% 8% 39 Feb. Sale 25 Feb. Feb. 29 Jan. 22 Jan. 15 12% Jan. 21% 7% 63% 8% 119 26 33% Sale 7 12 Jan. 144 10 Feb. Sale 11% 3 10 19 26 11 ----- 36 Sale 19 10% Jan. 93% Feb. 19% Feb. 170 Jan. Feb, 63% Feb. 20 22% Sale 34% 35% 37% 38 15 19 42% Feb. Sale 3% 24% 14% 23 2 Jan. 22 Sale 3% Sale Jan. Jan. Sale Sale Feb. 6 23 13 55 7 24 Sale 30 114 25 Jan. 5 47% 46% Feb. 15% 14% 13% Feb. 26 1 134 135 % 130% Feb. 6 152 Feb. 152% 151 Sale 6 Feb. 26 7% 7% Feb. 28 6 Sale 3% 3% Feb. Sale t/15% Feb. 15 19% 1% Sale % Feb. 14 7 Feb. 26 Sale % Feb. 13 102 Jan 15 6 Sale 7% 23 30 Feb. 10% Feb. 29 11% Feb. 28 1 42 17 1 20 100 4 Jan. Feb. Feb. Jan. Jan. Jan. 1 Jan. 18% Feb. 16 Feb. 26 Jan. Jan. Jan. 14 24% Jan. 92% 18% 14% 10% 16% 110% 109] 53 6 5% Feb. 24 33 16 7% Feb. 15 22% Jan. 3 16% Feb. 15 24 167 26% Jan. Sale 12% Jah. 8 Sale Sale 165 Feb. 59% Feb. 29 5% Feb. 29 Feb. 2 Jan. Feb. 20 Jan. 13 Jan. 16 2 Jan. 140 30 55 Feb. 23 120 119 6% 18% 13% 11% 22% 19 Feb. Feb. 27 144 140 12% 12% 3% 3% 10% Sale 30% Sale 22% Sale 21% Sale 8 7% n87" Sale 9 7% Feb. 6% Feb. 24 5 20% Feb, 23 18% Feb. 13% Feb. 15 13% Feb. 10 7 104% Feb. 26 106% Feb. Feb. 7 5 7 5 Feb. 9 15% Feb. 28 17% Feb. 23 21% Sale 35 36 Sale 6% 1% 43 % 21% 1% 10% 5} 55 % Sale 89% Sale 3 20% 55 119 115 60% Sale 5% Sale 47% Sale 13% Sale 130% Sale 152 151 6% Sale 7% 7% 3% Sale 17% Sale 7 Sale 51 Sale 34 13% 4% 12% 5 nm 16% Sale 28 Feb. Feb. 15 Feb. 2 Feb. 15 Feb. 3 Feb. 9 165 Feb. 2 18% Feb. 16 7% 20% 16% 13% 24% 7 Feb. 31% 32% 29 5 212% Feb. 214% 214% 216 Sale 110% 112% 110% Feb. 26 21% Feb. 29 21% Sale 21% Sale 8 56% Feb. 56% 57% 57% 58 2 57 57% 56% F.eb. 56% Sale 9 Sale 23 Sale 26% Feb. 24% Feb. 24% 24% 1 Sale Feb. 90% Feb. 20 90% 89 89 89% Feb. 9 9 24 Sale Sale 8 Feb. 8% 8% Feb. 24 112% Feb. 15 110% 111% 110% 111% Ill 8 34% Feb. 14 33% Sale 33% Feb. 33% Sale 9 1 4% Feb. 4% 4% Feb. 4% 4% Sale 42 44% 40% 42% 41 % Feb. 24 42% Feb. 15 21 37 Sale Feb. 29 27% 25 118% 23% Sale" 1 17X Feb. 95 24 % 13% Sale Feb. 9% Feb. 10 25 118 54 % % 1% '% Feb. 20 if* 7% Sale 54 51 Highest Sale Prices 6 113% Feb. 24 109% Feb. Sale 6% Feb. 5 5% Feb. 23 6 Feb. 3 6% 6% Feb. 13 Sale 1 23% Feb. 25% Feb. 21 13 Feb. 9 Feb. 9 13% 13 Sale 5 11% Feb. 15 10% Feb. 95 93% Feb. 26 95% Feb. 14 Sale 7 21% Feb. 29 19% Feb. Sale Feb. 29 173 Feb. 7 xl71 146% 144% Feb. 27 148% Feb. Sale 3 24% Feb. 21% Feb. Sale 8% Feb. 7% Feb. 29 Sale Feb. 1 69% Feb. Sale Feb. 1 9% Feb. Sale Feb. 27 13% Feb. Sale Feb. 5 40 43% Feb. 23 Sale Feb. 15 40% Feb. 10 43 Sale 1 5% Feb. 29 3% Feb. Sale 4 5 3% 7 5% 112% 115 Sale 85 10 7% 42 40% 98% 100 7% Sale -.100 10 Utah Cons Mines.. Patino Mines & Ent Cons 6% 18% 14% 11% 23% Sale 44% 43 jSale_ —16% -Safe.. .15.K Sale 18 17 17 16% Sale Sale 31 32 31 Sale 32% 32 31% 32% 43 Lowest Sale Prices Sale 90 40% Sale Prices 5 6% Feb. 165 18% 99% 19% 15% 110% 113% 2112 Rights Pan Amer Pet & Trans Sale Sale Sale Sale 170 18% Highest Sale Prices Lowest Ask Sale 14% 15% Sale 11% 11% Sale 10% 16% Sale 216% Sale 94 Sale 24,300 Parke Davis & Co * 16,100 Parker Rust Proof Co 2.50 23,100 Parmelee Transportation Co.* 2,600 Pathe Film Corp 1 89,300 100 700 conv Telep & Tel eg 6 % preferred Pacific Tin Consol Corp 16,700 Pacific Western Oil 52,100 2,300 32% Sale 100 68,900 Sale * 10 500 "Bale Sale 30,300 Pacific Lighting Corp 14,500 630 350 1,400 50% Otis Steel 13 Sale Sale 23 85 Sale 13,800 59,200 6,900 3,400 21,700 7,100 7,100 2,000 6% preferred-.-., 9% * Otis Elevator $5.50 Sale Sale 50 Preferred Sale Sale 50 Northern Central Sale 41 40% 110 111% -.10 It* 170 95 A* Sale 66% Sale 8% Sale 13% 13 83 78 Sale 14% 12% 24% 163% 17% 21% Sale 2d preferred * Pacific Finance Corp (Calif). 10 2,200 Pacific Gas & Electric ...25 90 200 II 6% Sale 20 Sale Sale 47 990 8,300 5,100 9 U°A Ask Bid Bid 27 Sale 111% 29,300 Pacific Amer Fisheries Inc.—5 30,400 240 13,300 6,900 3,600 25% *8" 72 Ohio Oil Co 90 100 Sale 144 1 ; 96 Sale 20 (The).... 73,700 Oliver Farm Equipment * 13,400 Omnibus Corp (The) 6 8,900 8% pref series A__ 100 1,070 1.500 Oppenheim Collins & Co....* 3,100 400 l\H 166% 172 - 1,000 79,900 190,900 571,700 1,600 1,900 1.500 sJP Northern Pacific. -.100 62,300 North States Pow Co $5 pref.* 2,100 Northwestern Telegraph 50 1,130 Nor walk Tire & Rubber * 510 6,700 19% 15% Sale 12% Sale 16 % Sale 115 h 116% 132,100 Preferred 6% series— 50 4,400 Preferred 5%,% series 50 7,200 North American Aviation...-1 176,500 600 250 Preferred North American Co 28,600 800 16 94% 19% JN Y Ontario & Western. .100 500 13,500 8,300 15 91 N Y Lack & West Ry Co.. 100 100 13,100 JN Y N fl & Hartford Convertible preferred 100 14,600 2,700 1" Y Shipbuilding pt stock—-1 66,800 7% preferred--100 1,330 2,000 Noblitt-Sparks Indus Inc— Norfolk & Western.. 1 6,000 230 650 15 13 % Sale 22 % Sale 172 165 """766 13,300 10,900 5,500 22% 15% ---100 5% preferred-- 100 2,800 5,200 1,500 38,500 Sale Newport Industries Inc—-—1 New York Air Brake * New York Central * N Y Chicago & St Louisa—100 6% preferred series A-..-100 N Y City Omnibus Corp.: * New York Dock--—-----100 500 """490 Ask Bid Cylinder Gas Co—1 Dairy Prod Corp---* 7% preferred class A-.—100 7% preferred class B—--100 113 6% National Dept Stores.. _* 6 6% preferred 10 24% Sale National Distillers Products-.* 1-3 % Nat Enamel & Stamping 12% * Sale National Gypsum Co 1 26,300 National Steel 26,500 National Supply 15,600 1,600 26,300 3,100 113,700 Bond & Share 1,020 8,200 5,600 39,600 2,000 40,500 $4.50 conv preferred—---* 1,000 -10 53,100 National Lead 7% preferred A— 100 1,300 6% preferred B ——100 830 14,900 Nat Mall & Steel Cast Co----* -* 40,100 National Power & Light 700 4,100 -5 -10 National Aviation Corp National Biscuit Feb. 29 Feb. 1 800 7% preferred --100 4,900 Nat Bond & Investment Co__* 1,100 5% pref series A.------100 500 400 200 200 60 1940 Nash-Kelvinator Corp --5 Nashville Chatt & St Louis_100 National Acme 1 National National National National 1 Jan. 2 exchange Par 139,600 2,600 20,700 17,100 68,000 RANGE SINCE JAN. PRICES IN FEBRLARY Price STOCKS In 37 EXCHANGE—STOCKS fe% Jan. N. Y. STOCK EXCHANGE—STOCKS PRICES IN FEBRUARY Price STOCKS Jan. 2 N. Y. STOCK EXCHANGE 1940 5 "¥ 17 7 5% conv pref series A—100 Phillips Jones Corp * Preferred 100 1 -* 5 Phillips Petroleum. Phoenix Hosiery..— - 2 10 Philip Morris & Co— 100 Preferred.... Pierce Oil 8% conv pref 100 Ask Sale 140 135 3% o P* 30 25% 41 % 2% 43 % 8 Sale 424H Sale Sale Pillsbury Flour Mills 25 49 % 46 Pirelli Co of Italy Am shares. 100 5 % Sale Pittsburgh Coal (of Pa) 100 6% preferred 100 24% Sale 8% Sale Pitts Coke & Iron Corp * 70M Sale $5 conv preferred * Pitts Ft Wayne & Chicago— 171 7 % guaranteed pref. .... 100 167 8% Sale Pittsburgh Screw & Bolt----* to h ii% Pittsburgh Steel Co * 40 31 7% preferred class B 100 18 19 5% preferred class A 100 29 32 % 5% % 1st ser conv pr pf. .100 15 % Sale Pittsb & West Virginia 100 Pitts Y & Ash By Co 7% pf-100 146% Pitts C C & St L RR Co 3 1 13 1 1 1 2 "T 5 5 20 Pond Creek Pocahontas Co..* 4 7 4 16 1 17 1 15 1 12% Poor & Co class B. ,* 12% tPorto Rican Amer Tob cl A. * 1% Class B—................* % Pressed Steel Car common—1 14% 5% conv 1st preferred.-...5 14% 5% conv 2d preferred 50 43% Procter & Gamble— * 55% Preferred 5% 100 118% Pub Serv Corp of N J com.. _ * 40 % $5 preferred * 112 6% preferred .100 125 7% preferred 100 141 8% preferred 100 161 Sale 90% 4 4% 34 *38% Sale 4% Sale 55% Sale 8% Sale 26% Sale 38 49 45 8 Sale 72 172% 175 6% Sale 9% Sale 25 33 Sale 17% 26% Sale Sale 12 13 % Sale Sale 14% 44% Sale Sale Sale 112% 125% 143 Sale Lowest Highest Sale Prices 5 58 A* 62 8% 26% 9% 28% Feb. 2 4% Feb. 6 Feb. 1 37% Feb. Feb. 90 Bf4 218 49% 9 37% Feb. 27 Jan. 6 3 Feb. 1 2 1 Feb. 28 Feb. 10 22% Sale 7% Sale 22% Feb. 27 29 5 16 *69% Feb. . 30% 31 17 18 28% 22% 12% Sale 30 17 Feb. Feb. 10 Jan. Feb. 4% Feb. 72 Jan. 1 Feb. 173% 174% 173% Feb. 6% Feb. 6% Sale 10% 9% Feb 9% Jan. 27 Feb. Feb. Highest 14 st* 66 Feb. 8% 27% 49% 107% 5% 23% 7% 19 9 8 44 Jan. 5 66 1 8 26 Jan. 2 21 Jan. 22 48 Jan. 4 8% Feb 27% Jan 49% Jan Feb. 13 Feb. Feb. 10 29 Feb. 6 Feb. 2 1 14 9 < 1 Feb 41% Jan 6% Feb Feb. Feb. 7 23 06% 34 Feb. 14 173% Feb. 19 7% Feb. 72 4% 30 10% Feb. 33% Feb. 8 Feb 107% Feb. 10 110 4% Feb. 27 5% Jan. 29 21 27% Feb. 7 5 8% *69% Feb. 16 72% Jan. 171 Jan Jan Jan Jan Jan 5 173% Feb 19 8% Jan 6% Feb. 9% Jan. 20 Jan 11 Jan. 18 Feb. Feb. 9 13 16% Jan. 15 34% Jan 19% Jan 24 Jan. 18 32 9 12 Feb. 5 15% Jan % 20% 12% 10% % Feb. "ii %Jan 22% Feb 26% Feb. 1 19 32 12 Feb. 5 14% Feb. % 20% 12% 10% % % 11% 11% Feb. "14 .9 30 Sale 20% 21 14% 12% 10% Sale 1 ¥» Sale % 21% 12% 10% 2% Sale 14 Sale Sale Sale % Sale u% 12 36 % 11% Sale 12 ii» 36% 68% Sale 113% Sale 40% Sale X41% Sale 111% 112 111% 111% 125% 124% 125% 124 142 143 141 142% Sale Sale 113 Sale 162 Sale 162 2 Feb. Feb. 27 5 Feb. 2 Feb. 6 Feb. 5 Feb. Feb. 24 """% Feb.""I 22% 12% 11% 2% % Feb. 9 Feb. 27 Feb. 13 Feb. 27 Feb. 27 13 Feb. 9 12 Feb. 20 Feb. 13 Jan. Jan. Feb. Jan. % Jan. 11% Jan. 11% Jan. Jan 36 1 68 Feb. 69% 112% Feb. 16 114 1 40% Feb. 42% 110% Feb. 21 111% 124 Feb. 20 125% Feb. 143 160% Feb. 9 143 6 163 Feb.- Feb. Feb. 6 27 6 Feb. 6 Feb. Feb. 27 9 Feb 2 13 5 12 16 15 Jan 12 % Jan Feb 23 18 % Feb 14% Jan 14% Jan 16 42 15 Jan 2 69% Feb Jan. Feb. 16 118% Jan Jan. 18 42% Feb Feb. 21 115% Jan 124 Feb. 20 *127% Jan 9 143 Feb 141% Jan. 6 164 Jan 160% Feb. 65% 112% 39% 110% Public~Sarv4ce Elec & Gas— ~ * * .....—* $5 preferred 41 25 2 13 69, "8" 30 3, 3, ': 1, 2, Pullman Go - Pure Oil 6% preferred 100 5% conv preferred 100 Purity Bakeries.— * Quaker State Oil Rfg Corp-.10 Radio Corp of America * $5 preferred B * $3.50 conv 1st pref * {Radio-Keith-Orpheum Corp.* Raybestos-Manhattan * Rayonier Inc 1 $2 preferred 25 Reading Co 50 1st preferred... 50 2d preferred 50 Real Silk Hosiery ..5 Preferred Reis (Robt) & Co 1st Reliable Stores Corp Remington-Rand Preferred w w 60, 7, 54, 2 1 9 3 5 15 1, 16 7, * 1 33 6 2, 1 1 26 20 3 27 1 5 11 1 25 . . 5 * 100 100 5 10 100 100 Reynolds Metals Co 5%% conv preferred Reynolds Spring Co Reynolds (R J) Tob cl B * 100 .* * {Roan Antelope Cop Mines 1 Ruberoid Co capital stock * tRutland RR preferred 100 — 1V* 23 90 liH 29 81 51% 9% 87% 69 Sale 100% Sale Sale 66 1 % Sale 20% 21% 17% Sale 20 17 % 19% 17% 27% *28 15 Sale 25% 26 25% 22 22 21% 3% 3% 3% Sale 44 54% 12 12% 16% 7 % Sale 7 12% Sale 12% 9% Sale 10% 49% Sale 55% 64 67 68% Sale 90 699-8 11% 22% 71% Sale 84 % 77 53% 37 527% 7% 12% 19% 1% conv preferred * Sale Sale . Sharon __* Steel Corp $5 conv preferred _.* Sharp & Dohme. Conv preferred series A_. II* "* Shattuck (Frank G)__ Sheaffer (W A) Pen Co II* Shell Union OU ioo -.5 * _ . Sale 1 % ._* III ...... Simonds Saw & Steel Co... lio * Ii 5 Skelly Oil Co.. 6% preferred ♦ $6 preferred lio Smith (A O) Corp Smith & Corona Typewr 85% Sale \lH 53% Socony Vacuum Oil Co Inc. lis South Amer Gold & Plat... ..i Southeastern Greyhound L. —5 * South Porto Rico Sugar . 50 6% 37% 12% 105% 6% 22% 2% 22 20% Sale 60 67 6% 12 Sale Sale % 2* 2% 4 52% Sale 112 Sale 111 16% Sale Sale 20% 12% Sale 2% Sale Sale 25% 144 13 28% Feb. 20 20 16 25% Feb. 21% Feb. 3% Feb. 17 12 Feb. Feb. 23 7 Feb. 16 12% Feb. 9% Feb. 1 44 5 5 1 2 49% Feb. 68% Feb. 6 1% Feb. 19% Feb. 2 5 Feb. 9 26% Feb. 22% Feb. 10 8 4% Feb. 54 Feb. 28 12% Feb. 20 1 7% Feb. 9 13% Feb. 10% Feb. 15 55% Feb. 29 5 68% Feb. Feb. 29 Feb. 6 11% 22% 76% 45% 11% Feb. Feb. 6 6 27 Feb. 20 Feb. 16 Feb. 28 1 Feb. 82 46 Feb. .Feb. 26 90 Feb. 2 6% Feb. 40% Feb. 7 12% 47 Sale 46 14% 94 89 Sale # ,1" Sale .19% Sale 54 Sale 7 12% 1% Sale 38% % Sale Sale 3 2% 7 Feb. 5 2 16 3 6% Feb. 11% Feb. 21 1 18% Feb. Feb. 1 36% Feb. % Feb. % Feb. 15 7 2 2 2 Feb. 2 4 Feb. 19 1% 21% 89% 76% 13% 15% 92% 8% 41 % 5 84% Sale 14 Sale 13% 55% 5% 50% x6% Sale 13 Feb. 59% Sale 51 60 Sale . 7 38 Sale 11% 106% 107 Sale 22 Sale 2% 22% Sale 23% 20% 19% 103% Sale 18 -- 20 102% 112 Sale 112% 10% Sale 11% 2% 14% Sale 24 Sale 148 Sale 15% 152 11% 107 6% Sale 21% Sale 2% 2% 23 25 % 108 22% 39 !iH 111 16% 10% Sale 106 104 15 Sale 1 14% 9% 23% 11% 2% , Sale 9 Feb. 5 Feb. Feb. 28 Feb. 21 23 Feb. 20 3 Feb. Feb. 13 Feb. 26 7% Feb. 9 Feb. Feb. 28 19% 1% 38% % % 3% Feb. 29 9 Feb. Feb. 21 Feb. 17 1 Feb. 9 Feb. 7 Feb. 4 1 27 19 Feb. 17 Feb. 20 1 Feb. Feb. 23 Feb. 27 Feb. 15 Feb. 13 Feb. Feb. Feb. 21 Feb. 23 2 8 Feb. 27 % Feb. 1 60% Jan. 1% Jan. 19% Feb. 16 Jan. 27 Jan. 14% Jan. 25% Feb. 20% Jan. 3% Jan. 40 Jan. 12 Feb. 7 Feb. 11% Jan. 9% Jan. 49% Feb. 68% Jan. 1% Jan. 18% Jan. 79% Jah. 1 3 2 Feb. 19 85 Feb. 8 l6% Feb. 1' Jan. 88 Jan. 1 36% Feb. % Jan. % Jan. 2 Jan. 4 Jan. 44% Jan. Jan. Jan. 104 112 Feb. 24 6% Feb. Feb. 10% Feb. 3 2 . 23 Feb. 2 16 25 9 1 Feb. 19 Feb. Feb. Feb. Feb. 7 20% Feb. 19 103% Feb. 6 118 Feb. 20 Feb. 7 26 Feb. 9 6 112% Feb. 16 Feb. 2 Feb. 11% Feb. 28 1 2% Feb. 14% Feb. 26 22% Feb. 148 22% Feb. 2% Feb. 7 24 Feb. 7 10% Feb. 24% Feb. 12 Feb. 1 Feb. Feb 23 16 19 Jan 13 Jan 8 Jan 30 13 % Feb 10% Jan 6 55% Feb 22 4 22 23 23 4 23 7 3 19 30 9 Jan 69 1 % Jan 23% Jan 92% Jan 76% Feb 14% Jan Jan 29 82 Feb 53 Jan 15% Feb Jan 94 8% 41% 52% 8% 7% Feb Jan Jan Jan Jan Feb 12 20% Jan 1% Feb Jan 42 % Jan % Jan 3% Feb Jan 4 15 50% Feb 2 110% Feb 10 114 Jan 30 116 Feb 15 28% Feb 2 50 6% 36% 10% .05 5% 21 % 2% 21% 19% 99% Jan. Jan. Jan. Jan. % Jan 1 % Jan Jan 20 2% Jan l| 87 26 16% Jan 16 15 26 54% Feb 5% Jan 2 24 54 Jan J an Jan 13 7% Jan 11 40 % Feb 1 13% Jan Feb Jan Jan 15 108% 19 6% 2 24 8 2% Jan 19 Feb 25 15 22% Jan 3 103% Jan 21 105 Jan. 15 111 Jan. 23 10 15 Feb. 30 118 Feb 29 112% Jan 7 17% Jan 10 Feb. 26 11% Jan 19% Jan. 11% Feb. 13 28 24% Feb 12% Jan 2% Jan 16% Man 9 9 8 2% Feb. 9 15% Feb. 28% Feb. 23 2 150 31 31 4% 1 Jan 4% Feb Feb 54 Jan. Jan. Feb. Jan. Feb. Feb. Feb. Jan. Jan. Feb. Jan. Feb. Feb. 54% 23 108% Feo. 19 6% Feb. Jan Jan 23 15 26 Feb. Feb 16 26 Feb. 21 1 Feb. Feb. 21 Feb. 13 6 Feb. 5% Feb. 21% Feb. 2% Feb 5 Feb Jan 15 Jan. 54% Feb. 106 16 % Jan. % Feb. 26 50 13 18 54% Feb. 4% Feb. 38 15 66% 1% 21% 19% 28% 16% 26% 113% Jan. 19% Jan. 11% Jan. 23 13% Jan 3 Feb 72 Jan. 77 8 % Jan. % Jan 4% Jan. 11 7% Feb Jan 46% Feb. 16 49 112% Feb. 10 115% Jan 109 Feb. 27 109 Feb 8 5% 51% 7% 40% 11% 2 8 6% Jan. 18 2 39% Jan. 52% Jan. 29 7 Feb. 16 6% Jan. 20 10% Jan. 25 18% Jan. 15 14% Feb. 2 3 6 11% Feb. 6 22% Feb. 76% Feb. 16 45% Feb. 28 3 9% Jan. 1 Feb. 18% Feb. Jan. 65 26 19% 103 102%, 118 105% 112% 111% 15 15% 10 10% Sale 21% 14% Sale 26% Sale 149% 150 17 11744-Jan....J, 148—-Jan 5 25% Feb. 32% Jan 7 8% Feb. 9% Jan 2 85 Feb. 89 Feb Jan 77% Feb. 13 79 14% Jan. 19 15% Feb 14 % Feb. 29 15% Feb 6 5% Jan. 6% Jan 1% 80% 13% 12% Sale Sale Feb. 12 27 109 Feb. 26 8 Feb. 1 Feb. 1 Feb. Feb. 26 Sale Sale . % Feb. Sale 13% »« Feb. 109 % 18% 1 % 82 % 13% Sale IVA 109 % Sale % Sale Sale 18% 8 86 Sale i'4 7 2% 24 Feb. 6* 6% 24 Feb. Feb. 70 Sale 4 37% Sale 17 Sale 18% 1% 83% 15% 1 Feb. 21 1 Feb. Feb. 23 5 Feb. 27 15 19% 1 47% Feb. 48% Sale" 50% Sale 1 110% 106% Feb. 110% Sale Sale 112% Feb. 19 113% 112% 114 Sale 115 115% 113% Feb. 10 116 Sale 1 23% Feb. 27% Sale 28% Sale Sale 1 12% Feb. 13% 76% 74% Feb. 27 77 75% Sale 1 % Sale % Feb. % Sale 6 Sale 3 5% Feb. 7% Sale *46 Sale 47 46% Feb. 16 47% Sale 112% 113% 113 112% Feb. 10 114 Sale 107% Feb. 6 66% 1% 21% 18% Sale Sale 47% 106% 113% 114% 23% 12% 75% 16 Sale Sale 38 8 Feb. 89 78% Feb. 29 15% Feb. 9 15% Feb. 3 87 75 83% Sale 16 Feb. 3 29% Feb. 9 8% Feb. 23 Sale 81 55 62% Feb. 1% Feb. Feh^_28 118 1% 20% 23 10% Sale Sale 99% _. ioo Sale Sale ._* Snider Packing.... Sale 19% 100 Sloss-Sheffield Steel & Iron. 100 7% 13 Sale Sale 108 ♦ 100 Servel Inc 40. Sale 13 82% 52% Sale 7% 6% Sale 55 26 11% Sale 94 87% 6% 6% T' 26% Sale IVA 26 _* {Seaboard Air line 4-2% preferred Seaboard Oil Co of Del Seagrave Corp (The) Sears, Roebuck & Co 8% preferred 114 15% 15% 86 Sale Sale 27 Sale 55 Sale 19 1 75 Sale Sal* 7% 100% Sale Sale 39% 12 62% 1% 1% 19% —10 41% Sale Sale 100 6% preferred. 100 % 2 {St Louis Southwestern 100 2% 4 5% preferred 100 5% Sale Safeway Stores. * 47 Sale 5% preferred.. 100 104 6% preferred 100 112% Sale Sale 7% preferred .-100 114 Savage Arras Corp. * 20% Sale Schenley Distillers Corp Sale 5 72 5%% preferred 100 70 {Schulte Retail Stores 1 % Sale 8% preferred— .100 6% 4% Scott Paper * 48% Sale Simms Petroleum 64 Joseph Lead. Simmons Co For 9 75 {St Louis-San Francisco 6 14, 93, 12, 2, 11, J* 10% Sale 51% 54 1 10 10 Common. Richfield Oil Corp Ritter Dental Mrg.. Conv preferred Silver King Coalition 5, 23 12 % ... 9 2 27 12 7% preferred 5%% preferred..... $4.50 11 21% 3% 10 .1 $4 preferred 132 16 % 25 16% Class A st 18% Sale 28% Sale 28 13 8 .... 9, 100% 60% Sale 1% Sale 10% 20% 38 tReo Motor Car Republic Steel Corp 6% conv preferred 6 % conv prior pf ser A Revere Copper & Brass 3, 75 100 Rensselaer & Sara RR Co.. 100 19, 109, 1, 2, 11. Sale 8% Sale pref.. 100 * Reliance Mfg Co 12, 3, rmttim 114"%—149—14-744- -Feb-.—2 5 26% Sale Y6% Sale 25% Feb. 7 8% Feb. 8% Sale 8% Sale Feb. 2 85 85 87 87 88 89% 92% 77% Feb. 13 77% 77% 78.% Sale 77% 78% 15% Sale 14% Sale *14% Feb. 15 14% Sale 15 15% 14% Feb. 29 14 15 14% Sale 6 Sale 5 % Sale 5% Feb. 28 5% Sale 31 % 19 2 1 Sale Prices 95% Feb. 28 Jan 23 136 Feb 31 Feb. Feb. Feb. Sale 70 95% Feb. 28 136 30 110 "5% Lowest Sale Prices 88% Jan. 15 147 147 $ Sale' 49 Sale 48 107% 111* 4% Sale 22 23% 7% 148 Sale 6% Sale 30 % Sale 95% 140 140 134 "1 Pittston Co (The). Plymouth Oil. Ask Sale Ask Bid Bid Sale Prices Feb. 29 Feb. 1 Par Bid 90 % RANOE SINCE JAN. Jan, 19 14% Feb. 26 22% Jan. 16 28%|Feb 6 150 144% Jan. Feb march, 1940] n. y. stock . 39 exchange—stocks AGGREGATE SALES Since February Jan. 1 Shares Shares 13,900 50,400 22,900 18,900 100 ~L406 28,600 6,800 530 53,600 30,000 66,000 1,300 6,500 5,800 7,500 16,400 326,600 5,700 6,400 "47000 2.400 800 11,600 63,100 7 prior preferred 113,000 80,600 149,200 2,900 14,100 14,000 24,800 49,900 500.300 , 5,200 11,800 800 770 18,500 1,400 18,900 6,100 2,400 31,300 3,100 11,100 7,200 12,900 43,200 800 9,600 600 1,900 200 14,000 1,300 1,300 2,800 5,000 56,100 36,700 290 8,200 8,100 2,300 8,100 55,800 75,900 3,900 1,500 650 2,100 8,100 110 1,100 200 4,400 1,500 4,900 200 6,200 700 7,500 68,300 7,900 3,100 2,400 50 5 Telautograph Corp Tennessee Texas -5 —25 Corp Corp (The) 17 Sale 34 H 37 Sale 29?* Sale 2)4 Sale 7 75* 65 22)4 21H Sale Sale 100 1 30,000 Thermoid Co 1,350 $3 dividend conv pref—-10 100 27,100 Third Avenue 2,400 Thompson (J R) 29,990 Thompson Products 16,600 Thompson Starrett 9,900 52,100 4,600 38,000 16,300 27,500 95,600 1,900 31,200 1,100 4,400 25 * * Preferred - 33 X Sale Sale Sale Sale 6 101)4 103X 2X 2% 654 Sale $4.50 conv Timken Roller Bear $1.50 preferred 4,200 3,400 Twin City Rapid 820 * * 100 1 Preferred 62,700 Twin Coach Co 11.200 JUlen & Co * 10,500 Underwood Elliott Fisher—♦ 177,40()|Union Bag & Paper * 77 400 Union Carbide & Carbon * 2 220 Union Elec Co of Mo $5 pref,,* 20i300|Union Oil, California -25 18,800'Union Pacific -—100 4% preferred 100 5,500 192 1001 '— Sale 28 80 Sale 77 34 8)4 Sale 5 Sale 7% 6)4 10X 10)4 11 J* 954 56)4 122 Sale Sale 58 122)4 9X Sale 27 X Sale 2)4 16)* 295* Sale 7 17 Sale 8X 22X Sale 32 Sale 8% Sale ex 7x 5)4 34)4 Sale Sale 4)4 65* Sale 44 5* Sale 52,000 3,300 980 Sale Sale 8 Sale 78 4?* 9)4 12X 24)4 2X 24?* 10)4 Sale i\x Sale Sale J8/8 28 Sale 100 * United Drug Inc United Dyewood 5 10 Preferred 800 U S Distributing Corp U S Freight 4,500 18,700 U S Gypsum Co, 7% preferred 380 3,200 U S Hoffman Mach 5X% conv preferred 15,600 U S Industrial Alchol 4,900 U S Leather Class A Prior preferred 16,000 U S Pipe & Foundry 1,900 U S Playing Card 19,800 1U S Realty & Impt 177,200 U S Rubber 8% 1st preferred 18,600 5,600 U S Smelt Ref & Mining Preferred For footnotes see page 40. Feb. 28 33 X Feb. 28 29?* Jan. 26 7 Sale 33X 107)4 108 15* Sale Sale 2 29X Feb. 6?*, Feb. 27 107 24 9 25X 42 5* 28X 76X 754 Feb. Feb. Jan. Feb. Jan. 29 2454 Feb. 27X Feb. 44)4 Feb. 15 Feb. 17 27 80X Feb. 27 8)4 Feb. 15 8 6?* Feb. Feb. 24 11 • Sale 10 11)4 Sale 2 Feb. 10 Feb. 1 1254 2 59)4 Feb. 6354 124 \ .12234 Feb. 1 124 10)4 zlOX Sale xlOX Feb. 29 10)4 Sale Sale 24 23 Feb. 2 24X Sale Feb. 2 1 2)4 Sale 2)4 Sale Sale 15 13 X Feb. 1 16X Sale x34X Sale 28X Feb. 19 3554 7 7 34 7)4 7)4 6)4 Feb. Sale 1 x22X Sale 22)4 Feb. 2354 32 31X Sale 31X Feb. 19 31X Sale 40 23 X Feb. 24 10 5X 5X 37)4 1 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Sale 7)* 6 5X 19 9 Sale 59 34 59)4 Sale 123 Jan. iex Fgb. Sale Sale 19 29 34 Sale 80 7)4 Feb. 5X Feb. 5 5 Feb. 2 36 Feb. 5 9 Feb. 21 Feb. 20 Feb. 13 Feb. 28 9 Feb. 3 Feb. 9 Feb. Feb. 28 4 92 X 2154 473* 5)4 14)4 7 2X 78 454 8)4 11X 24)4 2X 26)4 10X 94 Sale Sale Sale Sale 7% Sale 85 4)4 9)4 Sale 25 234 Sale Sale 4 1 5 1 11234 113 16)4 Sale 94 Sale 86)4 2454 47 X 15X 15)4 Sale 113 54)4 17 2)4 39)4 5 4)4 34 85 X Sale * 14)4 Sale 4)4 181 Sale 50 30 31 * 24 Sale 654 11 65 654 Sale 70 X 36 Sale 34 Sale IX Sale 10 40 X Sale 100 50 112X Sale ,.50 68 X 62 Sale 70 1 11 7 3 2)4 Jan. 3 1754 Jan. 3554 Feb. 28 7 Jan. 11 2354 Feb. 15 32X Jan. 25 95*"-Jan. 3 37?* Feb. 10 34X Jan. 2 7X Jan. 5)4 Jan. 37?* Feb. 10 2 12 Feb. 8 11 Feb. 23 17 Feb. 1 13 18 Sale 22)4 Sale 48)4 Sale 5X Sale 15)4 Sale 8 7X 2X Sale 83 78)4 4)4 Sale 9 9X 11X Sale 23 X 24.X 2)4 2X 27 X 26 11X Sale 6 8 2 1 25* Feb. 5 Feb. 27 30X Feb. 1 2 Feb. 2 18 Feb. 21 10 Feb. 1 91 Feb. 26 2154 4754 5)4 14 X 7)4 2)4 77)4 4X Feb. Feb. Feb. Feb. Feb. Feb. Feb. 16 Feb. 13 1 2 6 1 8 2 4 25 Sale IX Sale Sale 16 Feb. Feb. Feb. Feb. 16 34 Jan. 16 20 3)4 Jan. 265* Jan. 25* Feb. 16 16 Sale 56 18 Sale Sale Sale 5 59)4 4% 34)4 15x8 116 57)4 1854 2)4 40)4 5)4 45* 62 4X 16)4 119 Sale 1934 Sale Sale Sale Feb. 13 Jan. 2 21 9 27 X Jan. 15 Jan. 15 Feb, Feb. Feb. Feb. Feb. Feb. 5 16 3* Jan. 10 Feb. 13 23 6 7 91 9 20X 46X 5X 12 54 22X 10?* 93X 22X 50?* 5?* 165* 7?* 2X 78X 5 15 19 2 Feb. 19 9 Feb. Feb. 10 Feb. 23 Feb. 27 954 Feb. 21 6 12 X Feb. 19 27 17 1 24)4 Feb. 2X Feb. 27X Feb. 13 Feb. Feb. 10 Feb. 6 13 Feb. 91 7I 5 65 Sale 4 3 Feb. 27 6)4 8)4 8654 179 4)4 6)4 845* 8)4 8)4 Sale Sale Sale 31 21^8 5)4 9)4 65 36)4 35)4 1)4 35)4 110)4 eix 69)4 Sale 5% Sale Sale Sale 35)4 6 86)4 8 9 82 X 174 454 30 ex Sale 10 9)4 Sale 180 5 325* Sale 2154 5X 9)4 60 X 37)4 Sale 36 Sale Sale Sale 63)4 IX 35X Sale Sale Sale 113?* Sale Sale Sale Sale 62 Sale Sale 65)4 Sale 3 95 Jan. 24 Jan. Jan. Jan. 13 24X Jan. 3 19 52 Jan. 23 Jan. 15 Jan, 19 6 11X Feb. 235* Feb. 27 2X Jan. 26 654 165* 83* 25* 7954 5X 954 13)* 253* 254 Jan. Feb. Jan. Jan. Jan. Jan. Feb. Jan. Jan. Jan. 24 7 2 54 Feb. 2 77 X Feb. 16 4X Feb. 13 Feb. 16 9 3 9 19 3 4 10 4 21 4 23 4 Jan. 15 28 Jan. 30 9X Jan. 15 13 Feb. 21 IX Jan. 11 1 Jan. 2 39X 1254 78X 11254 Jan. Jan. Feb. 16 45 15 14)4 Jan. 8854 Jan. Feb. Jan. 3 115 16 17X Jan. 3 Feb. 19 8 4 12 8 16 Jan. Jan. 15 29 97X Jan. 89X Feb. 10 3 27 19 11 27 Feb. 19 9 49X Feb. 1654 Feb. 20 16X Feb. 13 4354 Jan. 14 54 Jan. 1554 Jan. 15 49X Feb. 16)4 Jan. 16)4 Feb. 13 16 2 119 5 1 1 13 Feb. 17 4)4 Feb. 29 5?* Feb. 23 7 83X Feb. 8 Feb. 9 Feb. 6 81X Feb. 28 Feb. Feb. 23 57X Feb. 29 Feb. 21 2X Feb. 9 19 8 5454 Feb. 17 X Jan. 2 54 Jan. 31 8 2 9 6)4 Feb. 86X Feb. 29 954 Feb. 21 10 Feb. 16 1 8654 Feb. Feb. 21 6 4)4 Feb. Feb. 28 Feb. 24 2254 Feb. 9 5X Feb. 9X Feb. 26 Feb. 26 Feb. 9 105* Feb. 9 65 1 6 1 x37X 36X 1 154 6 38X 2 1135* 5 Feb. Feb. 28 Feb. 28 9 Feb. 9 Feb. Feb. 29 33 Jan. 35 Jan. 75 Feb. 27 135* 11554 1054 45* 18 5?* Feb. 23 80 Jan. 3 7)4 86X 954 1054 3 Jan. Feb. 29 Feb. 21 3 Jan. 89 Jan. 8 181 Jan. 15 7X Jan. 25 8)4 Jan. 23 81X Feb. 28 177 13 3 85X Jan. 15 Jan. 6 Feb. 29 7 117 X Feb. 24 Feb. 5 1354 Jan. Jan. 13 5 8 Feb. 5)4 Jan. Feb. 1 25 11 4X Feb. 29X Feb. 13 31 21 Feb. 24 26 3* Jan. 5 5X Feb. 9)4 Jan. 26 6?* Jan. 10 63 Feb. 35X Jan. 34 Jan. 1 X Jan. 34?* Jan. 109 Jan. Jan. 18 5X Jan. 11 26 70X 38)4 36)4 2 15* 29 4154 15 1135* 18 2 Feb. 6 61 69X Feb. 1 64X Feb. 29 64 3 4X Jan. 11 5654 Jan. 10 454 Feb. 29 2 3 4 21 Feb. 15 Jan. Feb. 3 23 Feb. 21 4 Jan. 8 Feb. 3 Jan. Jan. 5 5 9 5?* 5)4 61X 554 38 61X Feb. 454 Feb. 254 Jan. 4 42 13 31 Feb. Feb. Feb. 1 Feb. Feb. 29 Feb. 31 119 5 605* Jan. 12 19 Feb. 21 13 1 Jan. 2 Feb. 8 179X 1 112 15 55* Feb. 42 29X Feb. Feb. Feb. Jan. 85 Jan. 22 5* Jan. Feb. 63 3 93 1 36X 35X 154 35X 110)* 61?* 64X 27 11X Jan. 1 19 21 4 Jan. 1 10 Feb. Feb. 4X Feb. 17 24 2X Feb. 39X Feb. 177 23 21 Feb. 1654 Feb. Feb. 21 34 Feb. 16 35 34 35)4 2 Sale 75 Feb. 27 82X Feb. Sale 78 1 Sale 13?* Feb. 29 145* Feb. 13 1454 Sale 7 117X Feb. 24 1155* 11654 112)4 1155* 11554 Feb. 6 11 Feb. 12X Feb. 27 11?* 11)4 Sale 11X 5 554 Feb. 29 4X Feb. 4)4 5)4 5X Sale 8 16 20 89X Feb. 82 83 16 20 96 2 Feb. - 19 2 5 Feb. Feb. Feb. Feb. Feb. Jan. Feb. Jan. 1 15?* Feb. 112)4 Feb. 5454 Feb. 4?* Feb. 4 8 Feb. 23 4 Jan. 9 Jan. 4 Jan. Feb. 14 8 Jan. 4 Jan. 8 Jan. 8 Jan. Jan. 29 5 16 13 58 IX Feb. 3 114 Feb. 5 4 34>2 Feb. 254 Feb. 20 16 18 3 12 4?* 6)4 46X 4)4 35)4 854 654 12X 18)4 52X 42X 5)4 33 X 4?* 4X 34 X 2)4 42X 5X 33X 4X 4X Feb. Feb. 15 19 Feb. Feb. 3 21 15)4 Feb. 50X Jan. 3X Jan. 50?* Feb. 28 11X 23?* 2X 26)4 9 2 5 5 Sale 23 Feb. Feb. 2)4 Eeb. 28 4 6 19 30 4 1 4 6 Sale 4)4 5 42 54 Feb. 3X Jan. 32?* Jan. 7X Feb. 554 Feb. 14 Sale Sale 25 554 Feb. 14 Feb. 13 Sale Jan. 21 35 Y2 Feb. 23 42 23 Feb. 1 Feb. Feb. Feb. Feb. Feb. Sale 4?* Feb. 654 Feb. 45 21 Feb. 33 X 91 Feb. Feb. Feb. Feb. Feb. Feb. Feb. 11 10)4 Sale 5)4 31X 4X 4)4 554 4254 3)4 34X 7)4 554 15X 50X 3)4 35X 3X 17 * 175 19 2 Sale 815* 8X 1054 85 X Jan. 5 114 Sale 5 2 13 X Feb. 26 Sale 7)4 9?* 84X 13 20 27 X Jan. Feb. 80 79 Feb, 10)4 Jan. 2 5 Sale Sale 8 4 Jan. 3 Jan. 5 Jan. 4 Jan. 3 Jan. Feb. 15 Jan. 27 5 Jan. Feb. 21 Feb. 20 7X Jan. 5X Feb. 88 65* 9 13 lly* Sale 8 21 14X Feb. 16 84)4 Feb. 23 liex 4 2 305* Jan. 45 11X 5X 16 Feb. 9 1 115 2 18 6X Feb. 5X Feb. 2 1 35)4 Jan. Jan. Feb. Jan. Jan. Jan. Jan. 9 9X Jan. 2 1 5 2654 27?* 4654 3354 80?* 8)4 6)4 1254 1254 6354 Jan. 23 15 Feb. 4)4 33?* 7X 10854 254 7)4 18)4 22?* 23 124 8 Feb. Sale 15 Jan. Jan. 1 Sale 2 23 122 22 13X Feb. Sale 78)4 Feb. 113)* 113)4 11254 Feb. 16 Feb. 1654 Sale 93 Feb. x93 X Sale 87 86X Feb. 85)4 24?* Feb. 26X Sale 47 X Sale 46X Feb. 5 8 31 Feb. 24 2854 Jan. 6X Feb. 42 18)4 23 Jan. 9 16 Sale Sale 24 56X Jan. 15 Sale Sale 10 Jan. Feb. Feb. Sale 17X 2)4 3954 5 Feb. 14)4 60 4 19 14 31 2 Jan. 19 1 20 8 Jan. Jan. 9 Feb. 23 6 103)4 IX 354 10X 13 X Jan. 1 Feb. 24 60 Jan. Feb. 6 Sale 16 5 8 Sale Sale 1 Feb. 2 Sale Sale Feb. 13 Sale 31 10im 28 23)4 25)4 42?* 29X 76X 754 5h 25)4 43 X 1 Feb. Feb. Sale 30 Feb. 9 2 lh Feb. 4X Feb. 29 24 Sale 5 100 20 10 * 65 Sale 4)4 33)4 * 2 10)4 59 * Jan. 19 Sale 5 28 2)4 4)4 30X 2)4 29 Sale * 20 100 3 Feb. 39 5 * pref, 100 11X Jan. 65 36)4 Sale 30)4 Sale Sale Sale Sale 59 6,900 U S & Foreign Secur Corp.. $6 1st preferred 2,900 1 2 53 / 100 5 x 1 Feb. 44 116 42X Jan. 60 Sale Sale 29 Sale 10 Sale 15)4 Jan. 23X Feb. 26 x64 34 33 Sale United Biscuit of American—* 65 16 9 1 Sale 29 Jan. 3 13)4 16 X Jan. 21 Feb. 42 United Air Lines Transport._5 5 65 47 Sale Sale Jan. 3454 Jan. 9 Sale 16)4 Sale 7 ,5 Feb. Sale 1 2 15 IF 39 X 47 * 28'600! United Merch & Mfrs Inc vtc.l 12 400 United Paperboard Co 10 4,200 90X 23X 28,900 United Fruit 500 18)4 Feb. 12 53 Sale 6 Jan. Sale Sale 254 Feb. 23 50 X Feb. 9)4 Feb. 16 30X 8 29 51 Sale 4 Jan. IX Feb. 17 53 4 29 3 39 3 3454 Feb. 28 Sale Sale 26 3 34X Jan. 52 X Feb. 1054 Feb. 17 3634 Feb. 3 5 Sale 36 2 Jan. 1554 Jan. 20)4 Jan. 5 Sale Sale Feb. 30 15 Feb. 14 7)4 6 19 iex Feb. 28 28 X Feb. 26 375* J an. 15 30 11 5X 35 8 22)4 Feb. 43)4 Feb. 28 Feb. 9 Feb. 8 39 Feb. 24 254 Feb. 23 28 X Jan. 12 X Jan. 50X Feb. 9)1 Feb. 50)4 3X 35 X 3)4 * 116,700 United Gas Iinpt Co Preferred 1,300 9,300 'iff 5 2 9 54 Sale *77)4 5)4 Feb. 6 Feb. Sale 17 Sale Sale 6 2 13X 29 X ex 22 X 31)4 8 Feb. 20 44)4 50 X 4 5 13,100 United Electric Coal Cos United Eng & Foundry 4,100 200 3h 10)4 24X 24 29)4 14X 18h 31X 52)4 Sale Sale 6 ex Sale Sale x44X Sale Sale 4 3)4 x34X Sale Sale 8 7X Sale Sale 554 5X 11 Sale 10)4 87 X Sale 5.70C United Carbon 2,300 United-Carr Fastener Corp— * * 177,400 United Corp Preferred * 49,300 28 122B Feb. 1)4 Feb. 39 Sale Sale 1 34 4)4 5% 42)4 3)4 34)4 7)4 5X 11)4 454 Sale Preferred 70X Feb. 23 X Sale Sale Sale Sale 64 25X Sale 12% Feb. 1 16)* Feb. 28 28)4 Feb. 26 23 Sale 26 X Highest Sale Prices 29 ex 15X 95 Union Tank Car 17,200 125,800 United Aircraft Corp— 5 Sale Sale Transit Sale 44)* 33)4 Lowest Sale Prices Sale Sale Sale if* Sale 5 Tran & Williams Steel Forg—* Tri-Continental Corp * 6% preferred * Truax Traer Coal * 10 200 Truscon Steel Co 32,800 20th Century Fox Film Corp.* Sale 4X 24)4 26)4 43)4 Highest Sale Prices Sale 40 2 Sale 50 X 2 2 39 13 23 X Transamerica Corp Transc & West Air Inc— Sale 29)4 12)4 16 34 29X Sale * preferred Timken-Detrolt Axle Co Sale Ask at* 20 10 * Sale Sale —* — 9)4 Sale 30)4 2 X 17)4 1054 90X Tide Water Associated Oil--10 30X Sale 52 10X Sale 7% preferred 70X 22 34 60 ex 12 54 16)4 50)4 3X 32)4 4?* 990 6 Sale Sale Sale Texas Pacific 5)4 69 Sale Texas Gulf Producing Co Gulf Sulphur Texas Sale 2 65 34 52 M Sale 42)4 38 2054 45)4 8X 620 500 5)|% preferred 29)4 12)4 Sale Sale Sale 3)4 320 5,100 9,700 -— Sale 32 X 140 5,700 2,100 14,900 57,700 ——25 Ask Bid 14 X 20 39 Lowest Sale Prices Feb. 29 1 29X * 7,500 2,400 100 10c * --1 Superior Steel 100 Sutherland Paper Co -10 Sweets Co of Amer (The)—50 Ask 'Bid -* 3,700 1,500 48,200 23,300 23,300 1,900 1 -* Corp Bid Coal & Oil 10 Texas Pacific Land Trust—,— Texas & Pacific, 100 Thatcher Manufacturing * $3.60 conv preferred * 700 —* 2,200 The Fair Co 380 53,800 Studebaker SymingtonL-Gould .Corp with stock purchase warrants-—1 Without warrants 1 -9 1,700 Talcott (James) Inc 800 17,100 * Standard Oil Co. of Ind 25 Standard Oil of New Jersey .25 Starrett Co (The LS) -* Sterling Products Inc --10 Stewart Warner Corp 5 Stokely Bros & Co Inc..——1 Stone & Webster * Standard Oil of California 12,600 7,300 6,900 7,100 108,700 18,600 28,300 18,600 14,200 2,500 2,500 1,500 * * —* * 43,900 Swift & Co 13,500 Swift International Ltd 5,400 3,100 56,700 7,800 13,700 5,100 300 * * 6% preferred 32,000 Sunshine Mining Co 10,600 Superheater Co (The) 19,200 Superior Oil 910 190 1,800 * 12,100 Sun Oil 70 9,100 2,000 certife—.100 4 preferred 6 prior preferred 59,100 600 19,100 Ohio 469,000 Standard Brands 4,700 $4.50 preferred 30,300 Standard Gas & Electric 420 12,100 4,200 8,200 2,000 10,900 -* 100 11,300 Sparks Withington * 400 Spear & Co 1 10 $5.50 pref * 3,100 Spencer Kellogg & Sons * 68,300 Sperry Corp (The) v t c 1 12.4H0 Spicer Mfg Co * 1,310 $3 conv preferred A * 45,800 Spiegel Co Inc —2 Convertible $4.50 preferred * 2,190 16,000 Square D Co class B 1 200 1,700 5,300 6,700 1,200 9,700 Feb. Mobile & 1 1940 Par 60,000 Southern Railway 5% preferred 46,200 500 RANGE SINCE JAN. Jan. 2 exchange 38,000 Southern California Edison.-25 100 121,000 Southern Pacific Co 6,100 20,300 1,080 7,700 77,800 n. y. stock PRICES IN FEBRUARY Price STOCKS In 2 65 Feb. 4 28 Jan. 2 Jan. Jan. Feb. Jan. Jan. 28 8 4 5 3 Feb. 29 Jan. 4 70 5* Jan. 11 N. Y. STOCK EXCHANGE-STOCKS 40 AGGREGATE SALES Price STOCKS N. V. STOCK February Jan. 1 Share* Shares 166,300 8,000 4,700 *432,900 United States Steel 19,100 7% preferred 100 * 13,400 U 8 Tobacco 970 7% preferred 25 4,200 United Stockyards Corp 1 Conv preferred (70c)-----* 2,400 5 6,400 United Stores A 1,800 800 2,500 2 234 2 7 A* Sale 7 69 180 15,800 4,000 "~2~, 400 10 "l",900 2,000 2,500 320 90 300 800 200 700 2,300 100 Preferred 230 37,600 Vanadium Corp of America. .* 5 6,300 Van Raalte Co 410 7% 1st preferred 100 5 5,300 Vick Chemical Co— 30 Vicks Shreve & Pac Ry Co.100 5% preferred 100 5 "6,006 Victor Chemical "Works * 7,800 Va Caro Chemical 6% preferred .100 8,400 770 Virginia Elec & Power 6% pref* Virginia Iron, Coal & Coke 100 ""370 5% preferred — .100 25 1,500 Virginia Ry Co 6% preferred • 25 2,300 360 Vulcan Detinning 100 7% preferred... 100 1,700 JWabash Preferred A.. 7,000 100 100 160 Preferred B "4",700 "8",660 3,400 8,500 2,300 30,600 11,300 4,100 2,200 —5;900 4,700 61,600 1,550 7,600 300 16,100 5,000 3,000 400 -178001" 1,400 30,000 , 680 2,600 100 20 1,600 1,900 2,600 2,600 15,000 ~ 3.500 1,900 300 2,400 18,100 17,000 16,100 140 800 5,700 3,300 10 1,150 26,300 ""100 700 13,500 1,700 7,900 400 1,000 1,100 13,200 10,600 18,200 3,500 10 5,800 60,300 7,400 100 1,000 700 410 3,000 1,400 47,600 270 2,800 31,800 13",600 6,600 3,300 16* 33* 7% preferred 100 Warner Bros Pictures $3.85 5 * t Warr en Bros * Convertible preferred * $1 1st preferred 1 Warren Foundry & Pipe * Washington Gas Light Co—No conv preferred * Wesson Oil & Snowdrift conv preferred. 55 "36" 1954 Sale 62 45 35 Sale 132 -134 117 5 34 4534 3334 90 1 134 134 634 2134 9434 534 34 si* 2934 334 28 Sale 6 34 4634 3434 Sale Sale Sale 234 7 Sale Sale Sale Sale Sale Sale 107 Sale 111 Sale 105 Sale 104 115 Sale 2934 30 JI 334 2834 11634 108 Sale 13434 2634 3534 3534 Sale 934 32 95 20 3 134 334 534 54 Sale 2434 Sale Sale 1 134 134 Sale 134 234 734 Sale 2134 2234 96 534 Sale 34 59 r 8 1634 Sale -434 2434 Sale 334 Sale 4834 4934 134 134 634 834 334 534 30 29 1634 Jan. 2854 Jan. 3554 Jan. 114 54 Jan. 44 5934 Feb. 28 2934 334 2734 11634 2 Feb. Feb. 5 Feb. 5 Feb. 434 Sale 2434 'W 69 Sale 10734 109 Feb. 148 67 Jan. 5 Jan. 15 Feb. 13 159 Jan. 22 Jan. 19 9434 Feb. 7 Jan. 6 54 Jan. 12 19 3 Feb. 29 3454 Jan. 3954 Feb. 23 11554 Jan. 3 23 8 Jan. 8 22 15 6 9 28 54 Jan. 3 34 Jan. 43 12 3 12 70 2 23 Feb. 31 Feb. 4534 Feb. 3334 Feb. 9934 Feb. Feb. 1 Feb. 19 134 Feb. 1 Feb. 2 634 Feb. 2134 Feb. 9434 Feb. 3 534 Feb. 3 1 1 1 1 3334 Feb. 1634 Feb. 16 734 Feb. 20 -134 Feb. 272 2234 Feb. 6 334 Feb. 47 Feb. 134 Feb. 2734 11634 134 534 4434 3134 Jan. Feb. Jan. Jan. Feb. Feb. 90 Feb. 46 5934 Feb. 28 1 Jan. 17 Jan. 4 434 .Tan. 4 31 3154 Jan. 29 118 Jan. 12 254 Jan. 4 31 29 6 3 5 23 8 Jan. 23 48 Jan. 27 35 Jan. 4 9934 Feb. 10 1 9 734 Feb. 27 2234 Feb. 17 96 Feb. 29 534 Feb. 9 35 Feb. 17 1634 Feb. 1 834 Feb. 134 2434 434 50 — 2 Feb. U Feb. 29 Feb. 19 Feb. 21 134 Feb. 16 654 Feb. 2054 Jan. 18 9334 Jan. 31 534 Jan. 19 # 754 134 2134 334 4554 134 634 Jan.' 5 Jhn-.,-..„3. Jan. 2 Jan. 15 Jan. 13 11 Jan. Jan. 13 11 Jan. Jan. 3 Jan. 11 Feb. 1 Jan. 10 Jam 10- 2534 Jan. 434 Feb. 50 Jan. 10 19 3 134 Jan. 3 Jan. 13 11 26 21 2854 Feb. 1954 Jan. 4 Jan. 16 24 Jan. 4 334 Jan. 5 2iH W 2234 Feb. 2 Feb. 8 22 Feb. 3 434 Feb. 23 2334 Feb. I 2534 Feb. 20 Feb. Feb. Feb. 15 24 3 27 17 4 27 9 7 9 4 15 Feb. Jan. Feb. 1834 Feb. 27 Jan. Jan. 2234 98 654 3534 1654 954 Feb. Feb. 3034 Feb. 2834 Feb. 21 Feb. Feb. 3 454 Jan. Jan. 31 Feb. 17 154 Jan. 234 Jan. 134 Jan. 2734 Feb. 26 68 107 Sale Ill 70 Feb. 8 109 Feb. 8 11334 Feb. 1 6 2234 Feb. 1 Feb. 6 134 26 Sale 9 14 10434 Feb. 24 7 11654 Feb. 20 Feb. Feb. 20 1734 Feb. 14 Feb. 14 10334 Feb. 14 Feb. Feb. Feb. Feb. 23 13 27 Feb. 10734 Feb. 5 7 434 Feb. 23 Feb. Feb. 3934 Feb. 24 1 4 Feb. 5 1 7 Feb. 8 % Feb. 9 2534 Feb. 2654 Feb. 9 2334 Feb. 68 Feb. 105 54 Jan. Ill Jan. 1 10234 Feb. 11434 Jan. 14 Jan. 31 16 2734 Jan. 10 10334 Feb. 14 3334 Jan. 13 334 Jan. 13 1 634 Feb. 54 Jan. 31 15 5 7* 1 114 Feb. 27 13534 Feb. 9 9 130 Jan. 15 118 15 138 26 9 26 Jan. 20 3334 Jan. 3554 Jan. 23 2734 Feb. 3834 Feb. 3934 Feb. 13 13 lJ Feb. Jan. 4 Jan. 2 Jan. 5 Jan. Jan. 2954 Jan. 3834 Feb. 3934 Jan. 8 65 Feb. 8 65 Feb. 1 9434 Jan. 2554 Jan. 29 98 Jan. 18 3334 Jan. 6634 Jan. 934 Feb. 1134 Jan. 23 70 29 10 23 Feb. 8 65 9734 Feb. 29 Feb. 5 98 5 3234 Feb. 9 13 5 Feb. Feb. 15 Jan. 2854 Jan. 2834 Jan. 2234 Jan. 2234 Jan. 10534 Jan. 9 3 4 27 Jan. 3 Jan. 8 108 11654 Feb. 20 4 1934 Jan. 10334 Feb. 14 3934 Feb. 24 15 75 2 109 30 114 13 3 8 30 3 110 Sale Sale 5 J an. Feb. 9 4 34 Jan. 2 Jan. Jan. 1334 Jan 634 Jan. 634 Jan. Feb. 27 38 Jan. 4 49 28 2034 Feb. 2 1954 Feb. 28 22 9 Feb. 2 Feb. 5 Feb. 1 Feb. 5734 Feb. 16 Feb. Feb. 10 334 Feb. 16 134 Jan. 5 Feb. 15 9 3 Jan. 15 434 Jan. 5154 Jan. 13 67 6934 934 Feb. 13 67 Feb. 934 Feb. 29 1 Feb. Feb. 17 Feb. 7 534 Feb. 23 934 1254 534 534 4534 Feb. 20 49 1934 Feb. 1134 Feb. 5 60 Sale 334 Sale Sale Sale Sale Sale Sale Sale Sale 116 334 134 334 534 121 Feb. Feb. 534 Feb. 65 24 121 Feb. 3 29 Feb. 24 2334 4034 Sale Sale Feb. Sale Sale Feb. 23 19 Sale Sale Feb. Feb. 28 8 20 73 38 Feb. 26 3734 Feb. 23 35 3634 45 48 1 2534 Feb. 4134 Feb. 70 Feb. Feb. 9 7 24 9 5 Jan. 2 2254 Jan. 3854 Jan. 20 116 2 3 11 8 8 26 Feb. 27 Jan. 4 11 16 15 Jan. 29 6 Feb. 29 65 Feb. 24 121 9 2534 Feb. 7 4134 Feb. 354 J an« 134 Feb. 434 Feb. 2154 Jan. 9 18 Jan. 2 8 68 Jan. 19 71 24 3734 Jan. Jan. 8 25 70 * 35 48 Feb. 1 114 Feb. 4534 Feb. 26 10 8 107 Sale Sale 107 87 5 8534 Feb. 29 8934 Feb. 6 24 Feb. 2234 Feb. 28 5 1654 Feb. 185-4 Feb. 21 24 14 12234 Feb. 11834 Feb. 9 1 1154 Feb. 1034 Feb. 8 43 Feb. 1 39 Feb. Sale Sale 2334 Sale 1734 Sale 23 Sale Sale 120 Feb. 20 Jan. 13 3 Jan. 5634 Jan. 16 13 54 62 56 54 Jan. Feb. Feb. 20 Jan. Jan. 2 19 5934 Feb. 28 334 Feb. 13 9 2934 Feb. Feb. 27 Feb. 29 118 5 534 Feb. 4434 Feb. 23 3134 Feb. 27 1 90 Feb. 29 2834 18Sale Sale 46 Sale 1034 Sale 122 Sale Sale 39 Sale Sale 89 Sale 81 23 86 Sale Sale 15 Sale Sale 234 Sale Sale 1634 29 65 35 Sale 34 Feb. 24 1 3534 Feb. 3634 Feb. 27 56 117 1 70 70 8734 1 Feb. 38 75 70 Sale Sale 1534 Sale 6734 Sale Sale 2734 72 Sale Sale 99 534 534 Sale 4334 Sale Sale 634 4534. 634 4434 35 Sale Sale Sale 2234 Sale 2334 Sale 1134 534 Feb. 9 70 63 Sale Sale 10234 11434 11534 11634 11734 116 Sale 163 16 1534 1634 1003a 10334 3434 Sale 3834 3434 334 Sale 334 334 6 634 Sale 634 34 34 66 13 48$ 2 15 85 Sale Ifl 8* Feb. 28 Feb. 7 Feb. 7 19 Highest Sale Prices 3 22 6854 Jan. 4 19 11834 Jan. Jan. 27 2 133 70 Sale 1 1 24 Feb. 45 Sale 434 Feb. Feb. 2 2 1634 Sale 834 9 __.4~34-—4-342334 Sale 334 Sale 2234 13 20 Feb. 16 Jan. Feb. 3334 Feb. 21 3934 Feb. 23 69 Sale Jan. Feb. 35 Feb. 1 2334 Sale 54 5534 Jan. 115 Feb. 1 Sale 34p 9 14 Sale" Sale Feb. Feb. Feb. 7334 10534 11234 1934 2 Feb. 23 26 23 Feb. 3734 Feb. 23 Sale Feb. 16 9 20 Sale 2734 1734 334 15 Feb. Feb. Sale 18 Sale 134 Feb. 4334 Jan. 134 Feb. 6 54 Jan. 154 Jan. 45 28 2 Sale 17 iH 6 Feb. Feb. 19 134 834 534 3034 1934 Sale 2234 Sale Feb. 39 134 534 334 2934 3 19 33 Sale 6 1 Feb. 3634 Feb. 20 Sale Cash sales, z Ex-dividend, y Ex-rights. from United American Bosch, g Change of name from Peerless Corp. a 1 Sale Prices 56 34 Feb. 115 Sale 47 9 Prices Feb. 9 Said Sale 134 4634 234 ' Sale Sale Sale .5 3,800 Wilcox Oil & Gas... 48,100 Willys-Overland Motors 1 18,500 6% conv preferred 334 10 48,100 Wilson & Co 534 52 9,300 $6 cum preferrred 100 30 Wisconsin Elec Pow 6% pf.100 116 16,300 Woodward Iron Co 10 2334 134,100 Wool worth (F W) 3834 10 18 29,200 Worthington P & M 100 130 7% preferred A 100 6634 6% preferred B 60 100 Prior pref 434 % series...100 "2",600 3434 Prior pref 4 34 % conv ser 100 3,800 4334 870 Wright Aeronautical Corp * 114 6,500 Wrigley (Wm) Jr 8534 * 6,000 Yale &, Towne Mfg Co 2434 25 109,600 Yellow Truck & Coach cl B..1 1834 1,070 7% preferred. ___400 11534 7,300 Young Spring & Wire * 1134 83,900 Youngstown Sheet & Tube...* 4634 300 534 % preferred series A..100 84 22,800 Youngstown Steel Door * 2734 II,500 Zenith Radio Corp 1634 * 6,000 Zonite Products Corp 234 name 34 47 6 Sale Sale AA Sale 2234 3% 60,500 Western Union Telegraph. .100 2634 Sale * 2734 Sale 37,000 Westinghouse Air Brake 36,900 Westinghouse Elec & Mfg..50 11634 Sale 138 410 7% 1st preferred 50 136 Sale 5,300 Weston Electric Instrument._* W4Sale * 37 11,800 Westvaco Chlorine Prod 3834 3734 6,400 5% preferred 30 10 Wheeling & Lake Erie Ry__ 100 40 70 Sale 95 1,720 534% conv preferred 160 46,100 Wheeling Steel Corp 3134 Sale * 110 90 6% preferred 100 ""606 70 $5 conv prior preferred....* 68 10 9 1,900 White Dental Mfg Co (SS).20 Sale 1 12 34,600 White Motor Co 6 634 4,900 White Rock Min Spgs Co * 57,600 White Sewing Machine.. 1 434 Sale Convertible preferred 33 3634 I,100 * Prior preferred 6,300 2034 Sale 20 Deferred delivery, Sale 116?4 3734 4534 Sale 130 134 Sale 134 Sale 3 134 7 6% 2134 20% 9534 Sale 534 Sale 33 % Sale 16 1634 II. 45 "66" 3 Sale Sale 11734 11534 11734 44 4434 Sale 4334 65 5934 2734 m 93 i!SS 28 Sale 4434 33 34 17* 2934 Sale 2 Sale Lowest Highest Sale Prices 134 134 5434 Sale 5434 5534 5434 13 34 13 1434 1334 1434 6734 62 6334 6634 6634 Sale 150 148 15734 149 Sale 83 7834 7834 Sale 80 Sale 11734 118 60 3,700 West Penn Pow Co 434 % pf 100 5,700 West Virginia Pulp & Paper. _* 100 6% preferred 100 19,800 Western Auto Supply Co 10 6,100 Western Maryland ; 100 2d preferred 1,300 .100 4,800 Western Pacific 6% pref-„100 Sale 334 29 * * 1,000 West Penn Electric Co A 7% preferred 100 1,600 6% preferred -..100 1,820 157 11454 11534 44 34 Sale 100 * Sale 38 —L44- 1 * No par value, Change of * 6,900 Wayne Pump Co 3,300 620 Ward Baking Co class A 26,200 Webster ELsenlohr 7% preferred 13406 780 * - Walker (H) Gooder & W Ltd.* Preferred * 6 1,000 1,300 2,000 100 13,300 1,800 Walworth Co. 5,200 Waukesha Motor Co 3~,80d 400 Waldorf System. * Walgreen Co 434 % preferred with warr 100 l 56* 4,100 Vadsco Sales Corp --* Sale Ask 58 Sale Sale 654 2,700 Universal Picture 1st pref_.100 370 Steel Tobacco Sale 2 1,380 Leaf Preferred Ask Bid Sale 2,400 900 Universal-Cyclops Sale Bid 43 14 $6 conv preferred- 1,340 2,200 Universal Ask 5634 £11534 3734 4434 68 151 290 b 66 34 w * 100 900 . Bid Lowest Feb. 29 Feb. 1 Par * 1 500 400 RANGE SINCE JAN. 1940 Since 100 PRICES IN FEBRUARY Jan. 2 EXCHANGE In Feb. 8534 22 Feb. 1434 Feb. 234 Feb. 2454 Feb. 21 16 Feb. 23 254 Feb. 21 35 44 Feb. Jan. 105 Jan. 85 Jan. 2234 Jan. 18 5034 Jan. 22 11434 Jan. 22 8934 Feb. 20 25 Jan. 8 8 2 5 3 4 1934 Jan. 5 12234 Feb. 24 5 1654 Feb. 11534 Jan. 1034 Feb. 3854 Jan. Jan. 3 22 4834 Jan. 3 86 Jan. 15 89 22 Feb. 5 1434 Feb. 234 Jan. 3 I Companies reported in receivership. 1 19 12 Jan. 6 2834 Jan. 1634 Jan. 234 Jan. 4 3 3 T Galled for redemption, RANGE ...Shares_ Jan. 1 to Feb. 29--.a- NEW YORK CURB EXCHANGE ON PRICES 6,389,694 Jan. 1 to Feb. 29 NOTICE—Deferred delivery, under the rule and cash sales, are disregarded and when selling outside of the regular monthly range are shown in a footnote 1939 $45,522,000 87,542.000 $24,492,000 February 2,974,615 7,331,860 3,167,928 1940 Bond Sales 1939 1940 Stock Sales February OF 64,742,000 In the month's range, unless they are the only transactions of the month, in the month in which they occur. No account is taken of such sales in computing the range for the year. AGGREGATE In Shares 150 13,755 3,000 1,300 8,200 3,500 3,400 125 470 260 200 100 Jan. 2 STOCKS Par 450 Acme w ire Co common Aero Supply Mfg class A 17" 155 10 1 1 Class B 7,100 Ainswortb Mfg Corp com 5 1 5,400 Air Associates Inc common 10,300 t Air Investors Inc common—* Convertible preferred 4,000 * Warrants 4,400 325 Ala Gt Sou RR ordinary 50 800 Ala Power Co $7 preferred. . 860 $6 preferred — 400 Alles & Fisher Inc common * 200 Alliance Investment common * 200 100 400 5,600 8.400 350 600 110 1,300 100 200 300 2,400 1,000 1,100 4,900 62.755 31,200 600 550 9,200 " V.555 975 325 950 1,300 4,800 300 350 10 3,300 500 1,100 425 5,300 6,400 15,100 950 2,300 2,500 800 800 100 350 19,100 3,000 11,229 5,500 190 200 3,300 $3 conv preferred-_. * 600 Allied Products Corp com—10 400 Class A 35,550 Aluminum Co common 5,600 6% preferred 900 Aluminum Goods Mfg 5,700 Aluminum Industries com 15,350 Aluminium Ltd 900 6% preferred 1,600 Ameriban Beverage Corp 1,310 American Book Co 2,600 Amer Box Board Co com 500 Amer Capital Corp cl Common class B 800 A Bid Ask • 22 % 20 % Sale 5% 5% 10% Sale 2§* 22 H Sale Sale Sale Sale o 25 * 100 21 18% 73 2h 1 3 1% % 9% Sale Sale 115 16% * * 97 100 1 100 1 10c 10% 20 19 18 Sale 105% 107 1% k% 44 42% 6% 7% 3 2% $3 preferred $5.50 prior preferred. * 7,500 American Centrifugal Corp._l Amer Cities Power & Lt Corp— Conv class A -.25 1,425 Class A with warrants 1,900 25, Class B 1 8,800 20% 70% % Sale 31% 33 28% 31 400 315 Amer Cyanamid com class A. 10 Common class B non-vot-_10 112,700 40.700 American Export Lines com._l 2,200 Amer & Foreign Power warr * 1,500 Amer Fork & Hoe Co com 31,100 American Gas & Elec new..10 $6 preferred 18,400 * 10c 3,800 American General Corp $2 preferred 1 2,225 350 $2.50 preferred 1 1,650 Amer Hard Rubber Co com .50 1% 5% Sale 10% 11% 2% 2% 26% Sale 3 %s site* 2% 1% 38% 114 3% 25% 30 12 20 68 ' 1 * 1.100 Angostura-Wupperman 200 Apex Elec Mfg Co common Appalachian Elec Power— 610 $7 preferred 81,100 lArcturus Radio Tube 9,100 Arkansas Nat Gas common..* Class A non-voting * 20,929 14,400 6% preferred 10 710 Arkansas P & L $7 preferred.* 5 700 Art Metal Works common 10.600 Ashland Oil & Refining Co-.l Assoc Breweries of Canada * — 74 75 107 108 2 1% 16 15% 32* 84*' 7% 5% 15% 3% 1% 1% 12% ii* Sale 116 Sale 29 2 6 8 26% Feb. 28 Feb. Feb. 75* Feb. 8 34% Sale 15% Sale 31 Sale 16% 16% Sale 29 23 20 85 68 Sale % 88 7% Sale 74% 15% Sale 1% 2 13% % 2% Sale Sale 6% Sale 17 Sale Sale Sale 33 13% 34* 95* 30 Sale 80 Sale 35% Sale 99 6% Sale 5% 5% 74*' 13% 3% 1% 1% 10% M 2% 2% 7% Sale Sale 14 3% 1% 2 12% Sale % 2% Sale Sale Sale 6% Sale 5% Sale 6 6 Jan. 10 Jan. 9 10% Feb. 26 20 Feb. 7 20 6 10% Feb. 26 7 20 Feb. 9 1% Feb. 8 Feb. 7 1 168% Feb. 13 5 116% Feb. 20 2 1% Feb. 1 32 a Sale 34% 33% Feb. 33 Feb. 1% Feb. 21 21 Feb. 15 % Feb. 3 11% Feb. 13 34% Fen. 28 3% Feb. 1 3% Sale 29% Sale 27 Feb. 1 Sale 31 15% Sale 13 Feb. Feb. 3 7 33 16% Sale 15% Sale 28% 29% 18% Sale % Sale 33% 34% % % 97% 101 6% Sale 6 6% % Sale 66% Sale 12% Sale 3 % Sale 1% Sale 2 Sale 11% 12% 114% 115 %6 Sale 19 1 41 Jan. 13 7 6 Feb. 23 1% Jan. % Jan. 16 13 7 19 29 72 28 99 Feb. 6% 5% % 66% 12% 3% 1% 1% 11% Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 113% Feb. %6 Feb. 2 1 2 1 31% Jan. 14 2 24 6 14 Feb. 20 7 Feb. 3 95% Feb. 6% Feb. 5% Feb. 2 1 1 8 Feb. 17 2 28% Jan. 18% Feb. 29 21 Feb. 1 6 Feb. Feb. Feb. 9 6 Feb. 16 Feb. 27 11% Feb. 14 14 114% Feb. 8 %6 Feb. 2 Jan. 31 15 Feb. 23 2 2% Feb. 2 2% Feb. 2 7% Feb. 28 68 Feb. 19 % Jan. 18 32 Jan. 2 % Jan. 85% Jan. 6% Feb. 16 4% Jan. 4 % 66% 12% 3% 1% 1% 11% 29 3 Jan. 26 II* 34* 1 Feb. Jan. 24 Feb. 14 %« Feb. 13 2 8| Feb. 19 2 Feb. 20 7% Jan. 94% Jan. 9 29 1 16 6 8% % % 2% Feb. Feb. Feb. Feb. 24 20 1 6 7% % % 2% Feb. 3% Feb. 4 Jan. 15 5% Feb. 1 Feb. Jan. Jan. 3 Jan. Jan. 9 16% Jan. 29% Jan. 11 26 22 Jan. 5 68 Feb. 19 11 o % 36 Jan. 29 17 Jan. % Jan. Feb. 6 7% Jan. 6% Feb. 3 6 Jan. 4 75 Jan. 17 Jan. 9 8 6 3% Feb. 1% Jan. 4 Feb. 27 12% Jan. 10 2 14 115 2 Feb. 17* 15 104 Jan. 17 Feb. 29 Feb. 29 2 Jan. 113% Feb. 6% Feb. 5% Feb. 99 Jan. 16% Feb. 21 25 29 Feb. Feb. 75 4 15 Feb. 1 4 3 10 9 30 %s Jan. 13 11% Feb. 13 24% Feb. 28 Ill % Jan. 2 3% Jan. 19 Jan. 14 Jan. 2% Jan. *A Jan. 20% Jan. 40% Jan. 31 % Jan. 15 Jan. 15 19 18 21 10 31 3 4 16 Feb. Jan. 7 21 Feb. Jan. 15 Feb. 45 7 13 20' 20 11% Jan. 17 14 Feb 17% Feb. 8 8 3 30 37% Feb. 21 Feb. 6 m Jan, 6 .Jan. 3 12 Jan. 8 39 Jan. 6 115 3 3% Jan. 29% Feb. 21 Feb. 29 33 22 Feb. 3% Feb. 1* 4 Jan. 1% Jan. Feb. 6% Feb. 6% Feb. 29 2% Sale 7% Sale 5% 35* 104* 74* 19 Sale 7 19 30 31 Feb. 29 16% Feb. 21 7 Feb. 8 3% Feb. 9 29% Feb. 29 29 Feb. 5% Feb. 16 % Jan. 2 13 33 68 4 7 11% Feb. 16 105% Jan. 8 107% Feb. 23 1% Jan. Jan. Feb. 12 . Feb. 1 % Feb. 34 Feb. 19 1 % Feb. 2 99 6 Jan. Feb. 2 168% Feb. 29 116% Feb. 1 36% Feb. 16% Feb. 28 sl6% Feb. 29 15% 5 29 Feb. 29% 18% Feb. 29 20 Sale 2 17 7% Feb. 93% Feb. 103% Jan. 6 2% Jan. 1% Feb. 1 37% Feb. 18% Feb. % Feb. 15 68 85 65 138% Jan. 114% Jan. 31 33% Feb. Feb. Feb. Feb. 34 1% Sale 35% 36% Sale 17% Sale 8 28 8 2 77% Jan. Feb. 28 108 97% Feb. 23 Feb. 1 10% Feb. 5 Feb. Feb. Jan. 8 32 12 31% 12% Jan. Jan. 1% Feb. Feb. Feb. Jan. 1% Jan. 17% Jan. % Jan. 74% Jan. 2 2 147% Feb. 114% Feb. 10 93 9 33 34% Sale 29 101 Feb. 34% ii*' n& 3% Sale 2 Feb. 5% 6% 11% 2% 26% 10 2 33% 36% Sale 27 22% Jan. 28 Sale Sale 25% 19 Feb. 7 a* 1% Feb. 4% Jan. 5% Jan. Feb. Feb. 20 33 32% Sale 19 Sale Prices 97% Feb. 23 8 108 95 20 160 Feb. Feb. 74% Feb. 105% Feb. 98% 2% 1% % 20 19 ilH 5% Feb. 6% Feb. 11% Feb. 29 97 5% 5% 19% Feb. 27 18 17 Feb. 1 17% Feb. 17% 7% Feb. 7 11% Feb. 10% Sale 93% Feb. 16 105% Feb. 105% Sale 106 9 107% Feb. 107% zl05%Feb. Feb. 1 Feb. 2 1 Sale 1% Feb. Sale 44% 44% 44% Feb. 8 Feb. 7 6 Feb. 23 6% 5% 6% 6% Feb. 2 2 Feb. 13 2 2% 1% 2% % 19 Feb. 19 Feb. 7 20 19% 20% 72 Feb. 19 75 Feb. Sale 75 76 % Feb. %> % Feb. 5 % % 114 2% 2% 7% 19 2 4% Feb. 5% Feb. 28 5 10% Feb Sale 72S Sale 73 Feb. 19 Highest Sale Prices' 99% Sale 106% Sale 31% 30% 1% Sale 10 10 20 19% 147% Sale 115* Sale % '£» 100 13,500 Amer Republics Corp com..10 8,300 Amer Sea! tl-Kap Corp com 2 * •power 46,500 American Superj .* referred $6 series 1st pr 3,100 * Preferred $6 series 9,700 5,300 American Thread preferred—5 2,500 Anchor Post Fence common..* 76 33% Sale * 425 American Invest of 111 com 3,500 American Laund Mach com .20 11,900 American Light & Traccom.25 6% preferred— 1,000 25 600 American Mfg Co common. 100 1 7,900 American Maracaibo * 1,600 American Meter Co * 1,600 Amer Pneumatic Service 825 Amer Potash & Chem Corp..* % Sale S&* Sale 4*' 140 21% Lowest Highest Sale Prices ' Sale Prices 22 5% 97% * 1,800 - 19% 22% 106 % Preferred 21 Sale 10c 10 19 2 Lowest Ask 20% 4% 6% 10% 77% Sale 101 Feb .'29 Aks Bid Bid * Allied International Investing 14,700 2,700 .Feb. 1 1940-- -Jan.! Shares 1 Price NEW YORK CURB EXCHANGE Since February RANGE SINCE JAN. PRICES IN FEBRUARY SALES % 2% 2% 7% 9 Jan. Jan Jan. Jan. Jan. 26 6 2 Jan. 11 18 6% Feb 5% Jan. 11 99 Associated Elec Industries 2,700 5,300 21,100 1,400 American deposit rects £1 2,800 12,800 tAssoc Gas & Elec common. .1 Class A 1 71,700 $5 preferred 13,700 * 7f i. 5% 8% Sale Sale 5% 7% 7% % % % Sale 2% 2% 8% 8% % Sale *At Sale 2% Sale 7% % % 2% 6 Feb. 2 Feb. 9 Feb. Feb. 26 Jan. Jan. Feb. 12 18 Jan. 18 21 Feb. 21 20 2% Feb. 7 9 8% %, % 5% Feb. 24 Jan. 2 Jan. 10 Jan. 3 Warrants Assoc Laundries of America..* 800 800 V t c common * %, Feb. 21 Assoc Tel & Tel class A.....* Atlanta Birmingham & Coast RR Co preferred 100 5,900 Atlanta Gas Light 6% pref.100 Coast Fisheries * 9 300 Atlantic For footnotes see page 53. % %9 1 65 70 102 3 Sale 62 70 68 % Feb. 21 2% 70 101% 105% 106% 2% Sale 2% 3 2% Feb. 7 3% Jan. - 4 "3 NEW 42 YORK EXCHANGE CURB AGGREGATE RANGE SINCE JAN. PRICES IN FEBRLARY SALES 1 Price NEW YORK CURB EXCHANGE „ „ Since In February Shares 180 STOCKS (Continued) Shares 800 Atlantic Coast Line Co 700 1,100 7,400 3,200 5,900 2,500 1.400 3,000 1,300 225 900 150 25 600 400 5,000 1940 Jan. 1 5,100 2.000 4,200 2,000 1.000 800 33,100 400 7,500 Par 1 Atlas Drop Forge Co com Atlas Plywood Corp 5 * * 10,400 Babcock & Wilcox Co 14,000 440 1,500 9,400 1,650 1,700 • 100 20 $1.50 conv preferred 1 24,700 Beech Aircraft Corp com 33,400 Bell Aircraft Corp common.. _1 20,500 Bellanca Aircraft common...1 963 Bell Telep Co of Canada...100 400 Bell Telep of Pa 634 % pref .100 350 Benson & Hedges common...* Convertible preferred _._._* 190 2,400 4,000 Berkey & Gay Furniture Co.-l 700 100 50 Purchase warrants 700 * 900 Bickford's Inc common 250 $2.50 conv preferred * 300 Birdsboro Steel Fdy & Mach. * * 200 Blauner's common. 4,800 10,700 Bliss (B W) & Co common—1 4,700 2,500 8,600 Blue Ridge Corp common.. .1 $3 optional conv preferred.* 6,700 * 4,500 Blumenthal (S) & Co com Bohack (H C) Co common.._* 200 250 400 80,666 — 200, 1701 1?*. 6 Sale 15 Sale 5 554 % a 334 Sale 1634 1654 h 15 Sale 1934 2034 1934 534 54 234 Feb. 26 Feb. 27 Feb. 26 Feb. 5 14 Feb. A 134 524 554 18 Sale 6 Feb. 2 Feb. 21 Feb. 8 Feb. 6 Feb. Feb. 1 1 154 Feb. 23 354 Feb. 1 Feb. 42 Lowest Highest Sale Prices Sale Prices Highest Sale Prices 17 15 Sale 45 334 2134 Sale 624 20 134 134 324 Sale 50 30 150 40 225 6 3 1454 34 134 624 Ask Sale 19 Sale Prices 2034 Feb. 16 Feb. 15 6 24 Feb. 21 17 l£ Feb. Feb. 9 8 Feb. Feb. 2 Feb. 9 8 Feb. 9 1924 Feb. 15 Feb. 14 1 154 Feb. 10 4 Feb. 17 50 Feb. 1 4 22 Sale 20 Feb. 8 22 Feb. 29 23 Sale 23 Feb. 29 25 Feb. 1934 Feb. 26 534 Feb. 27 54 Feb. 234 Feb. 1334 Jan. A Jan. 134 Feb. 554 Jan. 5 54 Feb. 2334 Jan. 16 1954 Feb. 14 1534 Jan. 12 Jan. 1434 Jan. 134 Jan. 334 Jan. 42 Feb. 3 Jan. 1934 Jan. 6 Feb. % Jan. 354 Jan. 17 Feb. 34 Jan. 154 Jan. 654 Feb. 7 Feb. 154 Feb. 434 Jan. 53 22 4 15 3 8 8 11 15 9 9 10 8 Jan. 2 334 Jan. 17 22 Jan. 5 2654 Jan. 10 Locomotive— 7 % preferred— _ Purch warr for common 24,600 900 Baldwin Rubber Co com 4,200 100 14,800 21,400 $ _ 300 100 11,800 iiy: Purchase warrants_ 1,400 85,800 Aviation & Transport Corp—1 1,550 Axton Fisher Tob class A—10 600 Ayrshire Patoka Collieries -.1 1 2,100 Beau Brummell Ties Inc 200' Beaunit Mills Inc common. .10 400 1934 Sale tAustin Silver Mines 1 Automatic Products Corp 5 Auto Voting Machine com.-.* Avery (B F) Sons Co 5 6% preferred with warr—25 6% preferred ex-warr 25 20 50 Ask Bid Bid Lowest Feb. 29 Feb. 1 Ask 24 1 Bardstown Distillery Inc..—1 Bari um Stainless Steel —1 Barlow & Seelig Mfg class A.-5 Basic Dolomite Inc common. _1 1 44,100 Bath Iron Works Corp Baumann (L) & Co com.. 30 7% 1st preferred 100 200 7% 1st pref vot tr ctfs—100 300 1,200 7,700 Bid 50 Atlantic Rayon Corp Atlas Corp warrants Baldwin 900 Jan. 2 100 25 7% 1st preferred 1,900 1,100 5,300 Borne Scrymser Co 1,500 3,700 100 300 2.700 Bourjois Inc 2434 Sale 754 Sale 6k 734 I% 6 Sale 1 H "6 734 7k 1234 Sale 154 624 1154 Sale 134 124 20 23 20 5 21 20 25 53 434 12?4 43 15 Sale 734 12234 3734 45 Sale 144" 40 A Sale 38 624 & 14 3834 724 Sale 1054 Feb. 28 1034 134 534 434 134 Sale Sale 12334 124 45 Sale i v. Sale 0% Sale 38 554 l32 1334 39 534 4 "1434 "1.454 1334 134 40 J4 634 334 30 2834 134 134 40 634 234 2634 27 5 Sale 42 Sale 134 Sale 754 534 854 224 30 3334 554 J* % 2 2734 33 16 27 Feb. 16 634 Feb. 20 8 1234 Feb. 10 % 14*' Sale 7 Feb. Feb. Feb. Feb. A A 1324 38 4 6 Sale 134 4134 734 154 2734 3754 554 Sale 4234 754 254 Sale Sale 524 854 134 734 634 1554 Sale Sale Sale Sale Sale 25 10 6 Feb. Feb. 9/. Ja n Jan. Feb. 23 26 934 Jan. 5 Feb. 27 6 1054 Feb . 28 8 7 Jan. 3 Jan. 3 20 54 Feb. 54 Jan. 1054 Jan.. 734 Jan. 1354 Jan. 21 Jan. 27 20 Jan. 3 25 25 10 534 Jan. 434 Jan. 1234 Feb. 4 6 454 Feb. 24 1234 Feb. 21 854 Feb. 9 1 2634 Feb. 854 Feb. 13 13554 Feb. 9 1 9 1 9 8 12434 Feb. 15 Feb. 5 Feb. 27 43 Feb. Feb. 19 46 Feb. 19 2 A Feb. Feb. 27 Feb. 27 A Feb. 27 Feb. 10 Feb. 19 14 Feb. 10 39 Feb. 29 Feb. 27 634 Feb. 27 Feb. 9 4 Feb. 9 Feb. 27 1454 Feb. 17 634 1334 27 454 Feb. 24 1234 Feb. 21 46 50 A 7 Feb. Feb. 6 654 2134 654 130 13254 13134 12334 12434 124 41 !41 3734 ""A 34 1434 3834 25 554 534 754 45 14*' Feb. Feb. 9 734 Feb. 6 634 Feb. 20 54 Feb. 9 % Feb. 23 Feb. 29 5 54 Jan. 13 634 Jan. 17 6 15 9 3 154 15 13 Sale 1324 6 27 Sale 28 Feb. 26 A Feb. 26 10 6 1054 28 Sale 1 Feb. Sale 25 534 Feb. ie Sale 25 6 6 34 954 35 21 6 42 654 654 54 30 15 12 734 Sale 20 634 624 9 1334 Feb. 1 4134 Feb. 754 Feb. 19 7 15 134 Feb. 7 Feb. Feb. 1 42 8 6 2734 Feb. 3934 Feb. 19 554 Feb. 26 Feb. 5 19 21 Jan. Jan. Jan. Jan. 22 •854 Jan. 15 2634 Jan. 22 854 Feb. 13 136 123 Jan. 15 12434 4 40 Jan. 4334 2 45 Jan. 46 2 34 A Jan . A Feb. 27 1354 Feb. 19 Feb, 9 Feb. Feb. 9 9 Jan. 22 Feb. 15 Jan. 24 17 Jah. Jan. 10 Feb. 27 14& Jan. 38 Feb. 10 634 Feb. 27 6 6 9 454 Feb. 24 1234 Feb. 21 634 1734 634 13134 5 Feb. 29 654 Jan. 25 39 Jan. 11 6 Jan. 4 1234 Jan. 20 15 Jan. 4 Feb. 19 4054 Jan. 3 4 1 6 .j. 2734 Feb. 3334 Feb. 4 Jan. 134 Jan. 2634 Jan. 2834 Jan. 5 Jan. 9 10 4 3 2 154 Jan. 8 Jan. 11 42 Jan. 30 9 Jan. 9 Jan. Feb. 19 5 54 Feb. 26 834 234 2754 3934 „ Bowman Biltmore Hotels 300 5,200 7,500 32,600 1,600 400 750 300 100 100 -* 7% 1st preferred 1 1 Preferred 1,000 * 3534 49 :ioo 224 134 2834 400 Brillo Mfg Co common..— ..* ♦ Class A 150 3734 Sale 55 3 'lOO Class B 7% preferred *VA Sale 6 1124 Sale 734 9 154 754 Sale 554 634 12 24 Sale 1 12 3 134 2934 1234 36 36 38 254 4534 254 3 55 254 154 1 31 Sale 1234 1234 «. 1.400 7 Feb. 1 6 Feb. 2 1254 Feb. 1 54 834 154 734 624 1654 Feb. 15 Feb. 13 9 Feb. Feb. 20 9 Feb. 9 Feb. 34 Jan. 734 Jan. 2 1 Jan. 18 7 Jan. 5 12 54 Feb. 15 834 Feb. 13 154 Feb. 9 8 Jan. 22 8 654 Feb. Jan. 12 16 54 Feb. 2 54 Jan. 30 554 Jan. 10 9 9 38 254 224 254 Feb. 254 Sale 134 234 Feb. 154 Feb. Coupon stock (bearer)— Registered. 1754 1854 1854 19 3 334 Feb. 10 1 3 Feb. 33 36 31 1254 3254 13 35 1234 Feb. 3034 Feb. 38 18 1834 1834 Feb. 7 1924 Feb. 1954 Feb. 5 Feb. Feb. 1234 Feb. 3254 Feb. 3 5 49 Jan. 5 30 31 3 Feb. 14 134 Feb. 6 Jan. 1 154 Feb. 334 Jan. Jan. 254 Jan. 49 British-American Oil Co— 700 5 34 Feb. 854 Feb. 29 134 Feb. 27 * ' 2,400 Brill Com) class A 800 34 Sale 624 854 134 124 * Bridgeport Gas Light Co.. 4,000 Bridgeport Machine com— 10 Y.6O6 * Common 2d preferred 11,300 Brazilian Tr Lt & Pr ord 13,900 Breeze Corp 107,400 Brewster Aeronautical 700 Feb. 2934 Jan. 1234 Feb. 3034 Feb. 12 14 1234 Jan. 3 14 32 54 Feb. 17 15 38 5 1824 Feb. 13 1834 Feb. 7 1954 Jan. 2034 Feb. Feb. 1 1834 Jan. 1854 Jan. 2 2034 Feb. 1 9 15 20 9 British Amer Tobacco Ltd- 400 200 700 1,400 25 100 1,500 4,966 300 1,600 8,200 1,550 5,600 600 800 500 1 * Brown Rubber Co common.. 1 29,566 5 500 Bruce (EL) Co 50 3,650 Buckeye Pipe Line Buff Niag & East Pow pref.25 16,500 3,150 pre] Bunker Hill & Sullivan—2.50 15,100 1,500 Burma Corp Amer dep rets— 1234c 1,700 Burry Biscuit Corp "2,166 200 50 140 6,900 900 1,400 250 22,200 Canadian Colonial Airways—1 200 Can Indus Alcohol class A—* -—1 .* 25c 6,000 Carib com conv A stock--* —* common. — * 4,800 Carnegie Metals Co common. 1 Carolina Pow & Light $7 pref.* 600 $6 preferred * 460 Carrier Corp common. 31,100 Carter (J W) Co common 1,100 Casco Products 1,900 Castle (A M) & Co 350 4,800 5,400 20 610 .1 1 * .—10 Catalin Corp or America 1 Celanese Corp of America— 7% 1st partic preferred. .100 Celluloid Corp common 15 1st preferred part. . * $7 dividend preferred_* 1,600 Cent Hudson Gas & Elec com.* 3,600 20 1,400 Co Class B 1,000 2,700 Carnation Co 2,875 1,600 1,840 Syndicate 200 Carman & 11,138 1,600 * non-voting Canadian Marconi Co 400 Capital City Products 17*.500 2,138 500 434 Sale 124 zi 21 2034 22 154 154 2134 2334 434 1634 134 1234 "2434 454 Sale 154 124 254 Sale 11 Sale Sale 28 22 12 3534 007 3554 2124 Sale 00 104 Sale 1324 Sale 234 254 134 134 1254 124 24 54 24 354 434 1754 Sale 354 1534 434 1734 13 234 254 1034 3754 2154 101H 1254 154 60 Cent Maine Pow 7% pref. .100 Cent N Y Pow 5% pref 100 3,700 Cent Ohio Steel Prod 3,100 For footnotes see page 53. 54 154 Feb. 16 20 134 Feb. 21 13 Feb. 134 Jan. 25 Feb. 27 3 5 2734 Jan. 5^4 Feb. 1854 Feb. 134 Feb. 28 154 Feb. Jan. 134 Jan. 27 22 Feb. 27 Feb. 9 7 534 Feb. 22 Feb. 27 22 5 27 22 Jan. 23 2 1854 Feb. 5 18 154 Feb. 5 5 22 Feb. 22 Mar. 454 18 454 Feb. 27 1854 Feb. 5 134 Feb. 28 434 Jan. Jan. 7 5 42 234 Sale Sale Sale Sale Sale Sale Sale 1 1 124 9 24 24 134 38 434 4 -50c Voting trust ctfs Am dep rects 534 % pref—£1 600 Calamba Sugar Estate Co—20 Camden Fire Ins Assn -.5 175 Canadian Car & Fdy pref—25 200 1,400 2,800 134 2034 % % •24 u 234 1034 3534 2154 10134 zl234 154 24 5 254 Feb. Feb. 20 1034 5 43 Feb. Feb. 28 2254 Feb. 17 104 8 13 Feb. Feb. 24 154 1 7 Feb. 9 Feb. Feb. 20 16 454 Jan. 4 1034 Feb. 20 Jan. 26 Feb. 28 Feb. 13 Jan. 4 13 2 Jan. 2 2154 Feb. 28 10134 Feb. 17 8 *1234 Feb. 154 Feb. 24 7 14 54 Feb. 9 Feb. 1 Feb. Feb. 21 Feb. 24 Feb. 11 % Feb. % Feb. 13 % Feb. % Feb. 13 % Jan. % Jan. 10 1534 Feb. 28 1634 Feb. 9 1534 Feb. Feb. 7 19 Feb. 3 3 i8M Jan. 9 1434 Jan. 234 Jan. 134 Jan. 12 5 5 % Jan. 54 Jan. 11 28 1754 Jan. 2 7 12 22 11 Cables & Wireless— B 10",900 134 27'" Sale" 2034 Sale 2034 2054 400 Cable Elec Products com. __50c 1,400 """166 100 1834 Sale 1834 2054 Class A preferred- 2,300 Brown Forman Distillery $6 preferred 500 10,400 -£1 100 2,950 tBrown Co 6% preferred— —1 2,500 Brown Fence & Wire com. ♦ 100 800 ord Amer dep rets ord reg British Celanese Ltd— Am dep rets ord reg—.— 10s 900 * 25 British Col Pow class A— 500 1,250 1,500 Amer dep rets bear. -£1 1 "2034 "2254 654 Sale 234 334 234 334 1 Sale 934 Sale 136 Sale 2234 5 3834 54 10034 9234 2454 534 <39 Sale Sale Sale Sale 734 734 1034 11 20 Sale 254 224 13 34 107 354 72 21 1434 9754 8 Sale 334 Sale Sale 1424 97 54 Sale 19"" "2034 634 234 Sale 254 2 254 % Sale 1 23 Sale 25 354 1534 30 19 654 234 2 134 1 23 654 734 39 3934 54 34 105 10634 10534 97 9654 Sale 634 3854 54 13 Sale 3 134 25 7 40 Sale Sale 98 10934 554 Sale Sale 113 454 83 3134 1534 754 Feb. 20 3 234 Feb. 654 Feb. 234 Feb. 654 Jan. 234 Feb. 24 Feb. 1 Feb. 25 Feb. 2 3 Jan. 3 754 Feb. 254 Jan. 20 134 Feb. 954 Jan. 134 Jan. 19 22 9 25 654 4034 7 A A Feb. 10534 Feb. 21 10554 99 1 9654 Feb. 654 Feb. 39 Feb. 54 Jan. 24 8 Jan. 30 1 Jan. 15 25 Feb. 9 25 Feb. 9 534 Jan. 5 Jan. 12 A Jan. 10034 Jan. 9234 Jan. 19 654 Feb. 4034 Feb. 34 Jan. 2 10 8 17 134 Feb. "134 Feb". 2 3 Feb. 9 Feb. Feb. Feb. 10 3 2 Feb. 13 Feb. 9 Feb. 9 38 Feb. 8 1234 Jan. 734 Feb. ,10 Feb. 3-934 Feb. 7 18 3 Feb. 14 1 113 10934 Feb. 5 534 454 Feb. 27 Feb. 24 Feb. 1 Sale Sale 19 3 10 1934 Feb. 19 Sale Sale 3 "32"" "3234 2034 Sale 1254 734 1754 254 20 33 8 20 334 1254 Feb. 23 734 Feb. 5 Feb. Feb. 16 254 Feb. 1 10 18 Sale 85 84 3134 1524 1534 1554 1554 107 10954 10854 100 Sale 10034 Sale 9934 8 9 Sale 951 Sale 3 14 754 Feb. 27 12 Feb. 7 Feb. 85 5 Feb. 29 3434 Feb. 15 8 Feb. 27 1734 Feb. 2 2 .0854 Feb. Feb. 5 10354 Feb. 13 Feb. Feb. 16 9 Feb. 26 Jan. 25 99 Feb. 9 5 16 25 234 Jan. 16 Jan. 334 Jan. 6934 Jan. 2054 Jan. 14 Jan. 106 54 Jan. 9734 Jan. 7 54 Feb. 2 2 106 2 Jan. 105 3 1554 Jan. 3 7 54 Feb. 27 12 Feb. 8 20 Jan. 2 334 Jan. 8 5 11334 Feb. 8 Feb. 24 1 19 5 3 d* m Jan. 31 Feb. 15 Feb. 8 Jan. 10 9 10354 Feb. 16 Feb. 9 13 3 109 26 new March, 1940] curb tork AGGREGATE SALES Since February Jan. 1 Shares Shares (<Continued) Par Light 7% pref_100 1,000 Cent Pow & Central & Southwest Utilities— Common 50c 13,000 Central States Elec common--1 20,300 100 400 425 125 650 175 250 200 600 25 600 2,850 400 500 1,250 20,300 5,200 33,900 Cities Service Preferred 9,500 900 510 600 Preferred BB 810 Cities Serv Pr & Lt $6 650 $7 preferred-- 480 170 4,100 100 50 300 400 2,200 , 1,300 8,400 12,800 700 1,900 400 1,000 25 900 240 6,300 1,750 20 200 2,000 200 950 500 11,700 600 1,300 140 pref—* 84 89 822* -* 10 * 1 com 50 £1 Courtaulds Ltd Am dep rets for ord stk reg _ 700 —5 26.500 Creole Petroleum com 6,900 Crocker Wheeler Elec Mfg—* 100 • 7,400 Croft (The) Brewing Co Crowley Milner & Co com "3",100 Crown Cent Petrol 1 „* 5 (Md) 1,400 1,900 Crown Cork Internat cl A 3,400 4,500 Crown Drug common.-----25c 7% conv preferred 25 450 Crystal Oil Ref Corp com.--.* $6 preferred 10 ""150 -* 300 Cuban Tobacco common 300 "166 100 2 Sale Sale 2X 3 Sale 5% * ""150 ""400 850 Davenport Hosiery 250 7,100 Dayton Rubber Mfg Class A 1,520 3,100 520 33,100 Dei ca 925 80 -.5 — * -1 35 1 Records common. 800 Dejay Stores Inc common 4,000 Dennison Mfg Co class A $6 prior preferred 925 8% debenture stock 80 300 4,000 1 -5 100 300 1,600 3,000 ""225 75 "8,500 13,100 ""300 "i",400 80 For footnotes 52* 55 84 2* 6 22* 1182* 12* 372* Sale 162* 2* 12* 71 Jan, 31 100 Feb. 30 104 Feb. 7 Jan. 23 Feb. 28 Jan. Jan. Jan. Jan. 23 11 Jan. 23 Jan. 11 Jan. 3 Feb. 6 322* Jan. 52* Jan. 11 3*6 Feb. 2 Feb. 6 482* Feb. 72* Feb. 19 28 5 12* 2 72* 1 Feb. 7 2 Jan. 32* Feb. 19 3 Jan. 2 52* 72* 6 Feb. 26 14 6 Feb. 26 6 Feb. 26 6 Feb. 26 73* Feb. 2 72* Feb. 14 83* Jan. 9 62* 8 72* Feb. 12* Feb. 4 2* Feb. 52* Feb. 12* 22* 3 12* 42* 912* 2* 62* 10 82* 52* 152* 2* 12* 73 12* 9 17 8 12* 42* 62* 812* Feb. Feb. Feb. Feb. 9 77 Jan. 22 64 Jan. 2 X Feb. 23 IX Feb. 21 Feb. 20 X Feb. 2 2 3 Jan. 12 782* Jan. 18 Feb. 6 Jan. Feb. 4 13* Jan. 392* Jan. 25 972* Feb. 15 12* Feb. 24 42* Jan. 23 32* 972* 13* 53* Jan. Feb. Jan. Jan. 24 15 4 90 98 Jan. 8 2* Jan. 72* Jan. 102* Jan. 4 3 Jan. 19 15 24 27 51* Feb. 8 8 93?* Feb. 10 14 7 92* 252* 53* 162* 3* 13* 772* 12* 92* 117 Jan. 12* Jan. Jan. 6 Feb. Feb. 2 Feb. 23 Feb. 8 9 Feb. 19 Feb. 15 Feb. 16 Feb. 27 8 Feb. 12* Feb. 5 9 Feb. 13 7 Feb. 6 7 Feb. 6 192* Feb. 27 42* Feb. 26 22 Feb. 14 52* Feb. 2* Feb. 1 2*6 Feb. 1 Feb. 13 73* Feb. 16 1 Feb. 3 182* Feb. 5 82* Feb. 22* Feb. 1112* Feb. 5 3 5 31 4 Jan. 18 92* Jan. 12 82* Jan. 25 !5 4 42* 15 "B 22 Jan. 31 Feb. 1 Jan. 11 22 * Jan 5 IH Feb. 70 Jan. 19 1 12* Jan. 27 9 Feb. 13 7 Feb. 6 193* Feb. 27 43* Feb. 26 4 2* Jan. 13* Jan. 72* Jan. 25 12* Feb. 15 1 Feb. Feb. 7 18 Jan. 3 26 82* Feb. 22* Feb. 5 7 Jan. 19 Ill 24 112 Feb. 3 26 23* Jan. Jan. 9 28 2 183* Feb. 172* Feb. 23 19 Feb. 14 172* Jan. 14 192* Feb. 24 17 Jan. 32 Feb. 16 29 Jan. 5 72* 42* 13* 272* Feb. 13 Feb. 23 Feb. 23 Feb. 23 7 Jan. 12 4 IX 23 90 I5/* 32 Sale 4X 1H 101* 18 17 VA 12* 182* IX 1 % 21 V* 261* 23 42* Feb. 3* Feb. 16 5 42* Feb. 3* Feb. 16 5 Feb. 15 94 842* Feb. 12* Feb. 6 92 Feb. 21 5 2 Feb. 21 6 842* Feb. 13* Jan. 31 11 Feb. 27 10 172* 12* 12* 13* 212* Feb. Feb. 15 2 11?* 17 H IX IX IX 11 17 6 Feb. 5 15 14 50 102* Feb. 7 3 26 25 38 Sale 17 Sale 12* 31 Sale 10 Feb. 20 172* 12* 12* 3* 182* Feb. 8 Feb. Feb. Feb. Feb. 8 23 28 8 Feb. Feb. Feb. 8 15 1 29 28?* 14 Feb. Jan. 2 Feb. 19 Feb. 15 Feb. 16 Jan. Jan. 2 20 73* Jan. 223* Jan. 11 ihH 62* Jan. 2* Jan. 2 2* 3 4 2 Feb. 82* Feb. 27 15 12* Feb. 15 Feb. 7 19 28 Feb. 7% 23 Feb. 7 42* Feb. 20 3 5 Feb. 7 28 292* Sale Sale Jan. Jan. 5 3 26 19 8 19 26 Feb. Sale 2 Feb. 62* Feb. Feb 5 3 12 112 4 4 103* 252* 53* 163* X 13* 772* 2 82* Feb. 23* Jan. 42* 62* Jan. 3 2* 83 5 120 2 22* Feb. 27 82* Feb. 15 19 15 Feb. 9 20 26 2 Feb. 31* Feb. 971* Feb. 1?* Feb. 1 Feb. Feb. 26 Feb. 28 5 Feb. 372* Jan. 3* Feb. 3 15 18 19 Feb. 13 45 Feb. Feb, 11 9 35 7 Jan. 2* Jan. 13* Jan. 463* Feb. 8 2 1 102* Feb. 2 21 4 83 Feb. 2 6 Jan. 702* Feb. 22* Jan. 172* Jan. 2 15 22* Jan. 10 43* Jan,, 25 62* Jan. 4 45 Feb. 42* 152* 2* 12* Feb. 1 IX Feb. 371* Feb. 2 25 70 22 2*6 Feb. 4 282* 72* 42* 12* Sale 192* 82* Feb. 7 3 182* 12* 12* 20 2* 92* 22* 7 120 Jan. x34 3 72* 18 12* 12* 102* 13 4 2*6 Jan. 12* Jan. 402* Feb. 1 18 12* 75 6 Feb. 12* Feb. 29 62* Jan. 29 62* 182* Sale 12* % 12* 31* Feb. 83 5 62* Feb. 93* Feb. 27 82* Sale 50 52* Sale 1 16 702* Feb. 21 22* Feb.1 1 5 30 9 12* Feb. 5 42* Jan. 52* Jan. 25 1 17 13 2* Jan. 8 19 12* 92* 26 91 2 42* Sale 42* 12* 43* 92 2*6 Sale 102* 3* 22* 22* 12* 192* 2* 82* 32* 22* 1102* Sale 95 3 2*6 12* 22* 12* 42* 32* 72* 73* 20 2* Sale 52* Sale 42* 172* 40 12* 9 Feb. 11 Feb. 19 Feb. 28 4 Jan. Jan. 13 2 972* Feb. 12* Feb. 42* Feb. 2 22* 482* 73* 22* 32* 2 3 203* 5 7 Feb. Sale % Sale 4 8 5 19 5 2* 4 72* 62* 163* 2* Feb. 2 202* 6 Jan. 15 12* 12 Feb. 52* 62* 162* 2* 42* Feb. 73 16 82 Feb. 12* 92* Feb. 50 89 18 Sale 2* Sale 24 Feb. 12* 62* 92* 3 Jan. 8 45 Sale 582* Jan. 7 28 1 62* 102* 3 Jan. 5 542* Feb. 21 42* Jan. 10 Feb. 2 2*6 30 Feb. 72* Feb. 172* Feb. 93 30 Jan. 3 172* 79 Jan. 4 93* Jan. 8 % Feb. 29 273* Feb. 29 2 17 15 43* Jan. 19 Feb. 9 14 193* Jan. 5 32 Feb. 8 Jan. 16 3 43* Jan. 2 13* Feb.23 272* Feb. 23 92 Feb. 21 2 Jan. 3 Jan. 24 11 Feb. 27 16 2* Jan. 12 13* 12* 3* 183* 263* 18 172* 13* 13* 12* Jan. Jan. Jan. Feb. 17 2 4 1 8 22 Jan. 2 8 263* Jan. Jan. Feb. Jan. Feb. Jan. 23 3 8 10 12* 13* 14 J* 1 42i» 132* 7 2* 42* 143* Sale 52* 112* 113* Feb. 45 Feb. 442* 46 3 2* Sale 3 Feb. 32* 79 Feb. Sale 812* Sale 120 1182* 1192* 1182* Feb. 1 2* Sale Sale 12* Feb. 35 Feb. Sale 342* 352* Sale 12X 53. Sale 172* Am dep rets ord reg £1 Divco-Twin Truck Co com—1 page 54 37 Sale 25 2* 8 Sale 5 -* — 24 24 21 76 52* Feb. 25 Sale 572* Feb. 52* Feb. 1 82* « 19 1 4 2* 22 Feb. 4 lH *2,H Sale 352* Feb. 2*6 Feb. Sale 1 5 1 3 Sale 3*6 Sale 102* 162* 12* 12* 9 11 2 104 Feb. 362* 2* il» 50 16 2* Feb. 13 42* Feb. 29 352* Sale 2*6 Sale 2* 62* 102* Sale Jan. 83* Feb. 2* Jan. 13 89 32* 68 92* Feb. 28 2*6 Feb. 29 272* Feb. 29 1 2 100 52* Feb. 46 28 Jan. 46?* Feb. 92* 22* 452* Feb. 110 7 97" Sale 84 2* Feb. 92 Feb. Sale 5 IX 99 3 90 Sale Sale Sale 22* 2 8 16 44 41 12* 52* 222* 5X 2* 12* 12* 72* Feb. 12 113 2* Feb.29 76 Feb. 28 1 12* 732* 50 2*8 Feb. 12* Feb. 402* Feb. 5 Sale 58 Jan. Feb. Sale IX Sale Sale 2 10 12 29 IX 52* 1% Feb. 6 Jan. 1 12* Feb. 32* 72 1 5 Jan. 15 Feb. 1 542* Feb. 52* Jan. 7 Feb. 5 3 1 9 Feb. 4 13 2 116 7 Feb. 292* 13* * Dominion Tar & Chemical—* kly* 97 Sale 4 5 32* Feb. 17 62* Jan. 25 12 66 282* 12* Dominion Textile Co com Sale 9 Jan. Jan. Jan. Jan. 2 3* Jan. 2 3* Jan. 16 13 x X 2* 82* 23* 29 Feb. 32* Feb. 682* Sale 72* * 5 Dominion Steel & Coal B —25 Sale 42* 562* 43* 9 83* Feb. 2* Feb. 213* Feb. Feb. 2 68 3X 2 92* 2 22* Jan. Feb. 13 3X 1 2 Feb. 2*« Sale 12* Sale 162* 5 78 Sale X 2 Feb. 12*13* 4 2* 42* 52* Sale 79 81 'u 95 16 2 12* 42* 52* Sale 3X Sale 117 117X IX Sale 362* 372* Feb. 22* Feb. 2* Feb. 14 2 2* Jan. 53* Feb. 23 2* Feb. 8 22* 2% 81X 2 8 15 Highest Sale Prices Sale Prices 109 Feb. 5 115 Jan. 8 2* Feb. 73* Sale Sale 22* 22* 22* 62* Feb. 22* Feb. 22* Feb. 272* 7 2X 17 X 5 1102* Feb. 8 Feb. 52* Feb. Sale Sale 22* 32* Sale S4-i 92* 44 662* IX Sale Feb. 4 452* Sale IX 42?* 12* 12* Feb. Lowest 14 10 23 104 902* 100 72* Sale 62* 63* 15 162* 3*6 2* 2* 42* Sale 5 64 7X 109 Sale 10 7% preferred Diamond Shoe Corp com Distilled Liquors Corp 110 Draper Corp see Sale 79 IX 100 Dobeckmun Co common Dominion Bridge Co 100 Sale Sale 6X Distillers Co Ltd—• 100 X 232* 83 AX Highest Sale Prices Sale 62* 2, 9 Sale 42* 53* 802* 2 AH 40 1.000 Detroit Gasket & Mfg Co—-1 6% preferred w w 20 400 2,600 Detroit Gray Iron Fdry com.-l 1,000 Detroit Mich Stove Co 2,400 Detroit Paper Products._ — Detroit Steel Products «.* 3,600 De Vilbiss Co common --10 10 400 1,300 52* 12* 3 is y 50 100 4,500 Derby Oil & Ref com A conv preferred 3,600 2* 42* 45 .8 Sale Lowest Sale Prices 42* 32* Feb. 17 2 63* 72* 62* Feb. Sale 102* 12 Feb. 1 112* Ill Feb. 1142* xll3 2* Sale 8 76 Sale Sale 3 712* Feb. 5 Curtis Mfg Co (Mo) 1,300 Daroy Petrol Corp 600 52* 10 100 160 Cuneo Press 61*% pref Curtis Lighting Inc com——* 30 9,000 43 X 1X 872* X 3% 3X 2,500 Colon Development Co Ltd-Is 1,100 6% convertible preferred £1 4,600 Colorado Fuel & Iron warr 2,750 Colt's Patent Fire Arms Mfg 25 Columbia Gas & Elec Corp— 2,075 5% preferred 100 1 21,300 Columbia Oil & Gas com 75 Columbia Pictures Corp * Commonwealth & Sou Corp— w &F,r<]LIVt/S 26,700 1,100 Commonwealths Distribut—1 5,175 Community P & L $6 1st pf._* Community Public Service— Common 25 6,450 400 Community Wattr Serv 1 Compo Shoe Machinery— V t c ext to 19461 2,100 Conn Gas tc Coke Security— $3 preferred 25 * 1 1,200 Consolidated Biscuit Co $6 preferred A Sale 931* Sale 5X Sale 8X 370 82* 2* 212* 60 * 7,800 Cosden Petroleum 5% preferred 1,600 3,600 1,100 73 54 — 4,200 Cooper Bessemer Corp com—* $3 prior preferred 700 * * 6,500 Copper Range Co 5 16,800 Copperweld Steel com 5c 800 Cornucopia Gold Mines 1 1,400 Corroon & Reynolds 1,100 4,300 Sale 91* 10 X X 23 X Sale 1 3,300 Continental Oil of Mexico 3,500 Cono Roll & Steel Fdy com...* 2,550 Cook Paint & Varnish Co.---* "2",200 ""500 72 111 58 6 3,000 Cons Retail Stores Inc com—1 20 8% preferred 100 10 1,200 Consol Royalty Oil 5,000 Consol Steel Corp common...* 1,150 Cont'l G & E 7% pr pref.-.100 1,400 " Sale" 57% 5% 8,400 Con Gas E L & P Bait com—* 520 41*% series B pref 100 1 18,500 Consol Gas Util com 5 3,800 Consol Min & Smelt Ltd 3,200 6,400 3,000 3,900 110 *»*• 2,450 ig Ask 52* 22* * * 1,900 Cohn & Rosenberger com 600 2 12 * * * 100 600 Clinchfield Coal com 2,100 Club Aluminum Utensil com_* * 50 Cocks hutt Plow Co Ltd 700 1092* 1092* 3*« Sale /*# Sale 52i 7 22* 22* 222* 41* 71* 6 X 4% 3,250 Cleveland Elec Ilium com 21,900 Cleveland Tractor com 1,000 14,900 950 4 1 5,600 Claude Neon Lights com__— 1 600 Clayton & Lambert Mfg Co--* 300 107 x 1* Sale 71* 9 2 X 3 1* 2X 3X 2X 3 10 Preferred B 5,300 City Auto Stamping Co 100 City & Suburban Homes 50 Clark Controller Co "3~, 600 Ask Bid 42* 552* 52* 52 2* common 300 Bid % Conv pref opt ser Chamberlin Metal Weather 500 Strip Co 5 1,050 Charis Corp common 10 150 Cherry-Burrell Corp com 5 900 Chesebrough Mfg 25 3,650 Chicago Flexible Shaft Co—5 1,800 Chicago Rivet & Machine 4 1,000 Chief Consol Mining Co1 2,025 Childs Co preferred 100 110 109 Feb. 29 Feb. 1 Ask Bid 100 100 100 1929--100 7% preferred 6% preferred Conv preferred 1 Jan. 2 1940 stocks RANGE SINCE JAN. Price new york curb exchange 12,200 6,100 250 43 PRICES IN FEBRLARY In 425 exchange 113* 122* 27 261* IX 28 13 X 141* 9 41* 262* Feb. 26 72* Feb. 43* Feb. 1 92* Feb. 28 9 4 3* Feb. 9 73* Jan. 43* Feb. 112* Feb. 2 112* Feb. 8 113* Feb. Feb". 26 272* Feb. 26 262* Jan. 17 Jan. 15 13 2* Jan. ^ 28 IX Sale 4X 26 35 11 112* 13 2* Jan. 93* Feb. 28 43* Feb. 9 122* Jan. 3 67 4 76"" "77"" 77" ~80"~ 73 5,2* 76 75 78" ""Feb". "8 75 Feb. 26 78 Jan. 11 NEW 44 YORK EXCHANGE CURB AQOREGATE SALES PRICES IN FEBRLARY Since NEW YORK Price CURB EXCHANGE Jan. 2 1940 Jan. 1 STOCKS (Continued) Par 700 Driver Harris Co common—10 10 7% preferred — 100 1 4,400 Dubilier Condenser Corp —100 450 Duke Power Co * 4,000 Durham Hosiery cl B com 1 2,900 Duro-Test Corp common — * 4,000 Duval Texas Sulphur. Bid 10 12,200 Eagle Picher Lead Co * 5,800 Eastern Gas & Fuel Assoc 6% preferred 100 9,750 4%% prior preferred 100 7,475 150 Eastern Malleable Iron Co.-25 * 1,200 Eastern States Corp com 750 $7 preferred series A.. * $6 preferred series B * 1,725 5,000 Easy Washing Mach class B.* 709 Economy Groc Stores com—* 1 12,600 Eisler Electric com 5 214,800 Electric Bond & Share $6 preferred 15,200 12 Shares 29 VA Sale a % 1 2 % 6% 2% 7 1 % 134 77 Sale 24 Sale 2% 2% 7% 7% Sale 10 Sale 3 % Sale 1934s Sale 3 19 Sale 44 Sale 334 4434 4424 % 1624 16% 324 % 17% 17% 4 o 18 Sale 17% 4 Sale Sale 17 J* 16 17 1 18% 1% Sale 7% Sale 67% Sale 67 59 Sale 56% 3 12 % Sale 1 134 1% 6% Sale Sale 5724 "234 "224 13% Sale 12% 1% 14% 1% Watch Co—15 Elec 6% pref--100 Empire Gas & Fuel 7% pf.100 8% preferred 100 6% preferred 100 6 % % preferred 100 Empire Pow Corp part stk—* Emsco Derrick & Equip Co.-_5 Equity Corp common 10c $3 conv preferred 1 Esquire Inc 1 Eureka Pipe Line 50 24 Sale 100 Empire Dist 76 85 75" §5" 6334* 70 68 69 61 70 68% 64% 64% 70% 66 65% 26 % 28% 25 27 23% 434 22% Sale 1 1 11 Sale 1 734 23% "724 670 64 60 - 100 350 1.600 27,100 3,375 8,500 600 14.300 Fairchild Aviation com 105,600 Fairchild Enigne & Airplane. 2.600 Falstaff Brewing _ 10% 12 5 2,000 Fedders Mfg Co common Fed Compress & W'house—25 ""200 Fiat Amer dep rets 634 Froedtert Grain & $3 conv 1734 £1 224 Feb. 6 28% Feb. 1% 74% 24 2% 7% Feb. 10 Feb. 29 1 Feb. Feb. 28 5 Feb. 1% Feb. 77 Feb. 1024 2% 1824 Sale Sale Sale 10 Feb. 10% Feb. 3% Feb. 19% Feb. 9 10 6 48 Sale 48 Feb. 29 2% Feb. 20 17% Feb. 23 42% Jan. 15 9% % 19% 19% Feb. 6 Feb. 6 Feb. 5 % Feb. 29 16% Jan. 30 Feb. 5 16 Feb. 28 24 2% •7 27% Jan. 108% Jan. 1% Jan. 9 16 18 15% 16 16 924 % Sale 17% Sale 1% 4 16% 1% Sale 6% Sale 6524 Sale 57% Sale 14 34 16% 234 2% 14% 12% 1% n% 24 2534 3% 80 6624 67% 66% 66% 4% Sale 28 24 24 Sale 13 Sale 13 11 "7% "8" 6% 9% 2^' 67 Sale 1024 Sale 6% 69% Sale 1% 6% 5# 1% 3% 1 14% 31 Feb. 8 14% Jan. 2% Feb. 12% Jan. 27 20 8 8 4 20 Jan. Jan. 14 1 Feb. 27 23 Jan. 29 24 Jan. Feb. 24 77 Feb. 24 79 Feb. 24 69 Feb. 63% Jan. 5 69 Feb. 23 7 15 65% Jan. 13 60% Jan. 6 5 Feb. 8 10% Feb. 14 Feb. 27 Feb. 10 25*' 6 4% Feb. 23 26% Feb 6 Feb. 2 Feb. 29 12 Feb. 14 26 Feb. 1 Feb. 7 1 1 9 15 27 28 8 13 26 Jan.' 13 Feb. Feb. Jan. Jan. Jan. 1 11 Jan. 10% 5% 7% 23% 10% Feb. 26 Feb. J n. Jan. Jan. 29 29 8 12 14 2 15 Jan. Jan. Jan. Jan. 4 Feb. 2 Jan. Feb. Feb. Feb. 12 % 6 Jan, Feb. 70 8 27 10 6 23 29 10 29 5 16% Jan. 3 23 8 2 10 2 3% Feb. 1% Jan. 14% Feb. 21 10% Jan. 19% Feb. 32% Jan. 19 17 26 Jan. 12 27% Feb. 14 30 15% Jan. 10 110% Jan. 2 10.3 Jan. 5 17% Jan. 15% Feb. Feb. 20 1524 Feb. 5 15% Feb. 5 Feb. 1 2 334 Feb. 2 1 % Feb. 21 14% Feb. 2% Jan. 1% Jan. 12% Jan. 10% Feb. 2 17 9% Jan. 17% Jan. 27% Jan. 15 19% Feb. 2 1% Feb. 14% Feb. 21 Feb. 12% Jan. 5 6% Feb. 15 8% Feb. 27 24% Feb. 28 14% Jan. 8 7 Jan. 8 23 Jan. Feb. 4% Feb. 26% Feb. 2 9% %6 67% 13% 105% 96% 15% 15% 15% Feb. 21 110% Feb. 13 25*' 3 29 2 19 101 16 5 27 Jan. 10% % 23% 4% 23% Feb. 29 Feb. Jan. 25 6 Feb. 70% Feb. 67% Feb. 4 3 30 5 2 24 7 15 27 27 64 10 % Feb. 70 1% Jan. 17 3 Jan. 3% Jan. 12 Sale Sale 134 15% 5 61% Feb. Feb. Feb. Feb. Feb. Feb. Feb. z Jan. 79 6% 8% 24% 14% 6% 100 23 Jan. 24 29 5 13% Feb. 110% Feb. Feb. 70 6 Feb. Sale 5 25 2 Jan. 12 Sale 2 57 26 it Jan. 29 9 Feb. Feb. Feb. Feb. Feb. 68 5 Jan. 18 20 Jan. 24 20 10% Feb. % Feb. 29 23% Feb. 4% Feb. 26 24% Feb. 9 a Feb. 1% Feb. 6% Feb. Feb. 25 12 Jan. 17% 5 Feb. 39 Jan. 8 Feb. 8 Jan, 18 65 8 10 Jan. 13 Jan. 13 16 9 48 % 19% 19% 4% 13 8 2% Feb. 13% Feb. 21 7 1% Feb. Jan. 12% Jan. 3% Jan. 22% Jan. 16 Feb. 3% Feb. 23 Feb. Sale 1 Feb. 66 10% 5% 724 23% 11% 9 11 3 1% Jan. 2% Jan. 7% Jan. Feb. 16 25 12 Sale 1 70% Feb. 67% Feb. 27 67% Feb. 27 6424 Feb 77 7% Feb. II* Feb. 26 Feb. Feb. Feb. Feb. Feb. Feb. 2 1% Feb. 2 6% Feb. 29 Feb. 5 57% Feb. 6 14% Feb. 26 2% Feb. 8 4 22 29 % Jan. 2% Feb. 6% Jan. 16% Feb. 13 65 35 110% Sale 100" 10024 Sale 16 16 15% 16 17% 1524 3 15 Sale Sale 14 8 Feb. 70 25% 26 324 Feb. 16 90 68 Sale 69 25 28% 9% 10% % Sale 25 Feb. 28 Jan. 108% Jan. 1% Jan. 11 74%'Feb. % Feb. 2% Feb. 7% Feb. 1 2% Feb. 20 17% Feb. 23 4424 Feb. 2 9 Feb. 16 % Feb. 29 17% Feb. 2 10% Sale 5.34 Sale 8% 8% 24 24 23 24 10% 5 1 * 100 stock * * 30 Gamewell Co $6 conv pref Gatineau Power Co com 90 5% preferred 100 -* 1,700 General Alloys Co General Elec Co of Great Brit American dep receipts—-£1 500 * 5,700 General Fireproofing com * 20 General G & E $6 pref B 1' 2,800 Gen Investment Co com * $6 preferred 200 24 23% 12% 624 1 - 1 4% conv preferred. 50 4% Sale 25% 24 Sale 17 1 15 Partic conv preferred 4,300 24,000 Fruehauf Trailer Co 225 Fuller (Geo A) Co com-- 325 Highest Sale Prices 9 9 2 9 Malting— Common 1,800 Sale 1034 % % 6734 68% 1534 Sale 107% Sale 9624 Sale 64,200 Fisk Rubber Corp common... 1 6% preferred 100 17,570 4,300 Florida Power & Lt $7 pref..* 7,200 Ford Motor of Canada cl A—* Class B voting * 200 Ford Motor Co Ltd— Amer dep rets—Ord reg 200 Ford of France Am dep rets. . 350 Fox (Peter) Brewing Co. 1034 Sale 23$ 24* 9 10 9,000 Sale %> Sale 2,100 Fanny Farmer Candy com— 20,900 Fansteel Metallurgical Corp. 9,000 Fidelio Brewery 610 lire Assoc of Phila Lowest Sale Prices 28 16 450 Elgin National 400 Highest Sale Prices 124 Sale 1 Sale 7% 29 1% 74 34 9 $5 preferred * 2,900 1,650 Electric Power & Lt 2d pf A—* Option warrants 2,200 1,000 Lowest 107% 111 nVA 75 — 500 Electrographic Corp com 2,942 Electrol Inc vtc 31 r Ask 24 Ask Bid 28 2734 2924 Bid 1 Sale Prices Feb. 29 Feb. 1 Ask RANGE SINCE JAN. 10% 10% 17'% 1724 27% Sale 19 19% Sale Sale 26 41 10 1534 10% Sale 18% Sale 30% Sale 10% 1024 1934 Sale 2924 30% 17 19 16 18 17 25% 39 27 42% 22% 23 22 39 41 85% 1124 90 12% 7724 1% 1234 13% 73 "134 "1% 14 24 14 24 39 48 % Sale 14% 13% 60 45 10% Feb. 18% Feb. 29% Feb. "T% "134 1534 14% 20 1% Sale 15 16 30 20 % % 45 60 16% 16% Sale 35 53*' 58* 19 6 26 Feb. 26 Feb. 28 4 2 32 Feb. 18 Feb. 8 17 Feb. 26 27% Feb. 14 22 Feb. 28 41 Jan. 2 41 Jan. 2 85% Feb. 15 87 Jan. 25 78 Jan. 1% Jan. 27 9 19 85% Feb. 15 85% Feb. 27 Jan. 5 1% Feb. 7 1 % Feb. 6 1% Jan. 30 1 15% Feb. 16% Feb. 29 14% Jan. 13% Jan. 11 Feb. 19 73 1 15% Feb. 6 14% Feb. 25 Feb. 19 25 5 %6 Feb. 50 Feb. 15 % Feb. 21 55% Feb. 16 Feb. 19 25 19 % Jan. 2 Feb. 15 50 3 15% Jan. 1 16% Jan. 29 25 Feb. 19 % Feb. 21 55% Feb. 16 arran«... ""550f Gen Outdoor Adv 6 % pref. 100 85 Sale 3824 Sale 24 134 134 1% 7434 76 24 1% 73% 1 Sale 7324 5134 Sale 5034 50% . 600 General Pub Serv $6 pref 200 General Rayon A stock. 3.300 General Shareholdings conv preferred — 680 General Telephone Corp— * * 1 * 87% 39 % 1% 73 88 42% 1 1% Sale 8 Feb. Feb. 13 Feb. 28 1 Feb. 72% Feb. 10 84% 39% % 1% 87% Feb. 26 4 75 Jan. Feb. 19 35 Jan. % Feb. 1% Feb. 74% Feb. 28 23 5 % Jan. 1% Feb. 72% Jan. 17 50% Feb. 16 49% Jan. 11 44 13 13 1 87% Feb. Feb. 26 % Jan. 1% Jan. 23 3 77 Jan. 3 52 Jan. 4 44 19 ~ conv 3,300 General preferred * * * * * preferred 1,900 Georgia Power $6 pref $5 preferred-. 40 500 Gilbert (A 0) Co com Preferred.70 100 Gilchrist Co * * -- 104% 38,800 Glen Alden Coal Co 250 Godchaux Sugars class A ' Class B 120 $7 preferred 3,100 Goldfield Consol Mines 25 Goodman Mfg Co Gorham Inc class A com 97% "98% 101% 5% 6% 5% 7% * 24 * 9 * 98 1 50 * 5,100 Gray Manufacturing Co 10 350 Gt Atl & Pac Tea 1st pref. .100 Non-voting common stock.* 2,175 2,500 Great Northern Paper Co—25 2,300 Greenfield Tap & Die com—_* Grocery Stores Prod— 200 26,200 300 320 25c Grumman Aircraft Engineering Corp common 1 Guardian Investors common.1 Gulf Oil Corp. 25 Gulf States Util $6 pref-. ——* Common $5.50 preferred Gypsum Lime & Alabastine. 3,900 Hall (C M) Lamp Co 2,100 Haloid Co— Hamilton Bridge Co com ""500 Hammermill Paper Co com. 200 Hartford Electric Light 3,300 Hartford Rayon com vtc.. % % 1% 1 15% $3 preferred Sale 27 Sale 105 2534 35,100 1034 Sale 5% 42 4% 5 424 * 1,900 39 45 40 3,400 Gorham Mfg Co common—10 300 Grand Rapids Varnish Corp..* "'375 9% 9 8% 534 * Gladding McBean & Co 1,100 10 Tire & Rubber— 6% preferred A. 100 300 Gen Water Gas & Elec com—1 230 425 50% Feb. 524 9 131 110 44 17 26% 7 Sale 132 Sale 44 24 •8% 234 16 ..5 ..5 * 7 23 23% 2434 10 834 8% 100 99% 102, %6 Salle 23 1 1 II* 18* 135 42 Sale 26 9% Sale % 27% 113 43% 234 2% 2% Sale 5% 11 14 '67 70 x7 % 9 4 4 Jan. 10 4 4% Jan. 3 3 15 2 23 24 6 Feb. 26 45 3 7% Feb. 1 6% Feb. 15 8 Jan. 24 Feb. 28 23 % Jan. 11 24 Jan. 9 Feb. 23 8% Jan. 100 Feb. 19 9 Jan. 15 Feb. 20 101 100 %6 Feb. 1 Feb. 28 25 Feb. 6 % Feb. 8 Feb. 28 25 Feb. 26 Feb. 29 20 102 17 %6Jan. 8 Feb. 28 25 Feb. 28 15% 25% 6% 8% Feb. Jan. Jan. Feb. 26 15% 27% 6% 11% Jan. 16 130 Jan. 109% Jan. 4 22 21 5 135 Jan. Jan. 7% Jan. 20 8% Jan. 3 2% Jan. 12 17% Feb. 21 15 14% Jan. % Jan. 34% Feb. 23 Feb. 27 112% Feb. Feb. 29 111% Feb. 1 112 1 109% Jan. 11 6 37 Feb. Jan. 46 17% Feb. 21 % Jan. 12 39% Jan. 4 23 114 Jan. 11 12 8 111% Feb. 28 Feb. 1 5% Feb. 14% Jan. 19 18 23 29 Feb. 1 28 Feb. 23 30 70% 1% % 1% 7% Feb. Feb. 2 Feb. 28 Feb. 29 Feb. 29 69 Sale 16% 29 Sale 27% 28% 28 Feb. 69 71 69% 1% % 1% 6% Feb. 21 Feb. 13 Feb. 23 6 Feb. Feb. 17 1 7% Feb. 28 Feb. 1 7% Feb. 18 15% Jan. 29 8 5% Feb. 15% Feb. 27 Sale 9 19 30 11 8 Jan. 3 114 12 Feb. 29 6 Feb. 30 2% Jan. Feb. Feb. Jan. 40 5 5 Jan. %6 Jan. 25 2% Feb. 2% Feb. 15 Sale 16% Sale % % Sale 34% Sale 34% rll2 Sale 112% 114 109% Sale 109% Sale 2% 5 5 6% Feb. 24 8 40% Feb. 5 101% Feb. 13 90 Jan. 16 22 105% Feb. 23 9% Feb. 6 8% Feb. 17 5% 45 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Feb. 28 6% Feb. 24 „ 36% 112% 11134 2% Feb. 2|l 15% Feb. 6 27% Feb. 9 9 6% Feb. Feb. 15 21 9% Feb. Feb. 2 Feb. 10 x!35 Feb. Sale Ill Feb. 10 114 Feb. 13 3 43% Feb. 29 41% Feb. Sale 8% Feb. 7% Feb. 13 8% 224 5 42 6 103% 9% 5 39% 13 98% 87% 10 5% 13 40% 4% 6 8 i/ Feb. Feb. 6 5% 834 15% 104% Feb. 29 105% Feb. 8 9% Feb. 9% Feb. 40 Feb. 13 40% Feb. 1 101% Feb. 101% Feb. 1% 1% 16 15 16% 15% Sale 26 26 26% 6% 7% 6% 7% 9 10% 9% 8% 13624 133% 135% 133% 11134 113 41 " 46 4% 5% 7% Sale 5% 43* 9 % 34 3824 Sale 112% Sale 109 112 2% Sale 7 9 40% 101% 89% Sale §*/. Sale Sale 91 — 500 Hartman Tobacco com .10 .25 -1 * -1 2,700 Harvard Brewing Co -1 2,700 Hat Corp of Am clB com... Haverty Furniture Cos— Conv preferred For footnotes see page 53. 1% 34 1% 6% 1% % „ 124 Sale 68% 124 34 1% 6 71 1% 1% 7 1% % 1% 7% 20 1% % Sal* Sale 30 Jan. 27 1% Feb. % Jan. 1% Jan. 13 6 13 Jan. 9 3 Jan. 22 70% Feb. 8 1% Jan. 10 % Feb. 28 1% Jan. 3 7% Feb. 29 March, 1940] NEW CURB YORK AGGREGATE SALES 45 EXCHANGE PRICES IN FEBRLARY 3,600 6% conv preferred 29,600 Heela Mining Co 1,500 Helena Rubenstein Inc 50 25c * * A 1,100 Heller (W E) & Co common.-2 250 7% preferred w w 25 100 7% pref ex-warrants 25 1,300 Hewitt Rubber Corp com 5 5,275 Heyden Chemical Co —10 1,450 Hires (Chas E) Co class A * 1,-400 Hires (Chas E) Co cap stock--1 1,500 Hoe (R) & Co class A —10 7,600 Hollinger Consol G M 5 1,000 Holophane Co Inc common. _* Holt (H) & Co class A part.-* 25 Horder's Inc 450 Hormel (Geo A) & Co com— Horn (A C) Co common """"io Ask Bid 28 293* Sale 2 16 V* 1% 83* 183* 63* 53* 8 5* 8 3* Sale 68 693* Sale 50 Ask Bid Bid 263* 29 18* Sale 29 9k 83* 19/* 72 123* 6,700 Hummel-Ross Fibre Corp 5 Hussman-Ligonier Co, * JHujler's of Del common 1 3,050 7% preferred stamped—100 133* 3 323* 13* 20 Sale 63* Sale 73* 103* 93* 103* 263* 273* 26 « 273* 123* 78 K Sale ilH 35 23* *20"" "213* 7 Sale 67 i?K 7H Sale 12 7 7% 83* 2 3 7% pref unstamped 100 Hydro-Elec Secur common—* 6,400 Hygrade Food Prod 5 2,300 Hy grade Sylvania Corp * * 7,500 Illinois Iowa Power Co 21,700 5% conv preferred 50 Div arrear ctfs 11,900 75 Illuminating Shares Co A * Imperial Chem Indus Ltd— Am dep rets ord reg. — --£1 1,300 20,000 Imperial Oil (Canada)--.-—* 2,200 Registered.. * 4,000 Imperial Tobacco Co of Can..5 1,400 Imp Tob of Gt Brit & Irel-_£1 2,600 Indiana Pipe Line 10 540 Indiana Serv Corp 6% pref. 100 470 23* 283* 33* 233* 53* 59 33* Sale Sale Sale Sale Sale 243* 53* 153* 153* A 6 9 23* 3 3* 23 3* 5 62 175 7% preferred —100 10 6,900 Insur Co ot North Amer * 2,300 Internat Cigar Machinery 3,000 Int Hydro-Elec $3-50 pref—50 Sale 65 3* 93* 713* Sale 213* 223* 123* Sale 213* 713* Sale 14 Sale 10 Feb. 2 Feb. 21 Feb. 20 Feb.-13 Feb. " ' Jan. 5 Jan. 30 Feb. 15 Jan. 23 Jan. 3 10 Feb. Jan. 17 263* Feb. Jan. 11 Jan. 9 2h 18* 273* 263* 123* 793* 553* 213* Jan. Jan. 20 Jan. Jan. 2 27 10 9 26 Jan. 22 Jan. 2 Feb. Feb. 28 9 17 4 12 Feb. 6 Feb. 26 J* Jan. 113* Feb. 26 Jan. 20 Jan. 26 14 Jan. 22 143* Feb. 9 35 Feb. 23 143* Feb. 29% Jan. Jan. 113* Feb. 13 72 Feb. 1 553* Feb. 1 203* Feb. 28 7 Feb. 363* 34 9 Jan. Feb. 8 Feb. 125 120 Feb. 26 Feb. Feb. 2 Feb. 26 Feb. 23 383* 23* 33* 233* 243* 43* Sale 63 Sale 5 233* Feb. 43* Feb. 27 63 Feb. 29 3 23* 23* 63* 113* Sale 113* 113* 123* 123* 243* Sale 53* 63* 14 Feb. 3 133* 13 1103* Ill 110 3* 3* At 13* 13* 3* 103* 703* Sale 213* 22 93* Sale 11 21 10 16 110 Feb. 14 623* Feb. 53* Feb. 8 103* Feb. 103* Feb. 10 7 23* Feb. 9 23* Feb. 40 Feb. 14 3 3* Feb. 253* Feb. •63 Feb. 6 Feb. 10 7 113* Feb. 123* Feb. 243* Feb. 63* Feb. Feb. 14 13 3* Feb. 5 Feb. 133* Feb 2 1113* Feb. Feb. 2 Feb. 27 Feb. 19 Feb. 16 7 Feb. 5 Feb. Feb. 20 Feb. 20 3 At Feb. 93* Feb. 21 703* Feb. 27 1 1 Feb. 15 Feb. 28 11 9 15 15 29 53* Feb. . 21 333* Jan. Feb. 12 3* Feb. Feb. 6 113* 113* 123* 233* 53* 12 353* Feb. 15 Ill Feb. 16 Feb. 16 7 23* Feb. 2 23* Feb. 3 323* Feb. 13* 9 Jan. 23* 213* 63* 63* 103* Sale Prices 29 Jan. 17 Jan. 11 Feb. 21 Jan. 11 m Feb. 13 Feb. 14 Feb. 20 143* Feb. 9 35 Feb. 23 27 120 Jan. 27 13* 10* 1113* Sale Hughest Prices Jan. 32 38 Sale 243* i Feb. 21 Feb. 27 Feb. 1 Feb. 17 Feb. 1 143* Feb. i^ .* 71 23* Sale Prices 29 Feb. 26 123* 793* 553* 213* 73* 16 3* 2 113* Sale 113* 123* 12 3* Sale 23 3* 243* 53* 63* 13* Feb. Feb. Feb. Feb. 263* Feb. 113* 123* 63* 133* Sale^ 35 - 63* 53* 93* 83* # 3 Class B stock 900 Industrial Finance vtc Feb. 34 343* 343* 1103* 1113* 110 Sale 16 14 Sale 60 593* 583* 5 53* 43* 12 123* 3* 93* 9 11 103* 93* 93* Sale Sale Sale 3* 10 323* 12 111 860 23* 29 113* 23 5 2 60 13. 61 103* 3* 500 73* 113* 133* z283* Feb. 29 23* Feb. 29 18 Lowest Highest Sale Prices Sale 111 300 "A" stock pur Sale z283* Sale 23* 118 "i",6o5 Non-voting class 113* 11X8 Sale 133* 123* Horn & Hardart Baking Co— & Hardart common 150 5% preferred 100 700 Hubbell (Harvey) Inc—-—5 23,700 Humble Oil & Refining * 500 83* Lowest Ask 553* Sale 2,050 Horn 1,800 Sale Sale" 31% 13* 23* 63* Sale 53* Sale "8 k 113* 123* Feb. 29 Feb. 1 1940 Shares stocks {Continued) Par 900 Hazeltine Corp * 2,100 Hearn Dept Stores common, _5 Class 1 Jan. 2 Jan. 1 950 RANGE SINCE JAN. Price new york curb exchange Since 24 29 20 2 12 353* Feb. Feb. 1 12 16 585* Feb. 26 4 3* Feb. 23 68 Feb. Jan. 27 4 3* Jan. 13 5 73* Jan. 83* Jan. 20 7 2 3* Feb. 3 23* Jan. Jan. 29 3 3 Feb. 21 2 233* Jan. 45* Feb. 27 4 603* Jan. Jan. 25 Feb. 27 Feb. 19 Jan. 16 Jan. 17 5 5 3* Feb. 53* 113* 113* 123* 223* 12 Feb. 14 5 3* Jan. 2 Jan. 22 3* 105* 103* 2% 7 Jan. Feb. 29 14 Jan. 4 26 3* Jan. 11 5 63 Feb. 29 6 Jan. 18 Jan. 3 Jan. 3 125* 123* 13 3* 243* 65* Jan. 3 Feb. 29 Feb. 27 16 Jan. 8 163* Jan. 11 Jan. 5 Feb. 5 Jan. 2 113 20 4 63* Jan. 13 20 10 3 Ill Feb. 8 Feb. 40 8 Feb. Feb. Feb. 10 3 At Feb. 93* Feb. 21 733* Feb. 16 7 15 111 Feb. Jan. 3* Jan. 3* Jan. 30 1 Feb. 20 31 1 Feb. 20 At Jan. 3 Jan. 8 9 16 3* Jan 9% Feb. 21 Feb. 16 Feb. 6 21 Feb. 15 22 3* Jan. 10 123* Feb. 1 11 Feb. 28 153* Jan. 8 13* Feb. 1 11 Feb. 14 23* 193* 193* 43* Feb. Feb. Feb. Feb. 2 7 13* 93* 13* 173* Feb. 28 Feb. 26 Feb. 28 Jan. 15 7 18 Feb. 1 43* Jan. 19 22 703* Jan. 5 735* warrants "3~, 666 Internat Industries Inc 1,000 40,700 39,700 2,000 2,200 Internat Metal Indus cl A 1 * Internat Paper & Pow warr_. Internat Petroleum com * ---* Registered Internat Products common...-* 1,400 Internat Safety Razor cl B—-* * 2,200 Internat Util class A Class B 1 5,100 1.75 preferred 700 * 3.50 prior preferred * 1,050 13* 13* 13* Sale 9 Sale 8 23* Sale Sale 18 173* 43* 183* 53* 36 3* 8% si* 18 19 323* 343* 23* Sale 173* Sale Sale 18 43* Sale 3* H 9 At Sale 16 173* 333* Sale 83* 2 183* 183* 183* Sale 43* 43* 3* Sale 83* 93* 14* 1.* 323* 30 13* Feb. 28 93* Feb. 26 13* Feb. 28 1 173* Feb. 1 18 Feb. 43* Feb. 27 9 3* Feb. 83* Feb. 14 3* Feb. 5 Feb. 28 14 32 Feb. 20 1 % Feb. 21 Feb. 3* Feb. 15 Feb. 333* Feb. 9 6 3* Jan. 31 83* Jan. 25 5 3* Feb. 7 13 14 Feb. 28 13 32 Feb. 20 35* Feb. 83* Feb. 19 3 Jan. 9 13 Feb. 16 33* 3* 173* 173* At Feb. 24 7 Feb. Feb. 20 9 Feb. Feb. 29 13* Jan. 3 123* Jan. 17 3 Jan. 2 19 3* Feb. 7 193* Feb. 7 5 Jan. 4 % Feb. 21 Feb. 6 3* Jan 183* Jan. 6 5 9 Jan. 8 35* Feb. 85* Jan. 13 Jan. 53* Jan. 3* Jan. 173* Feb. 173* Feb. 19 19 20 3 26 20 9 At Jan. 20 37 Warrants "6",400 1 International Vitamin 13,000 Interstate Home Equip com.-l * 1,700 Interstate Hosiery Mills 900 Interstate Power $7 pref * 1 2,000 Investors Royalty Co 1,900 Iron Fireman Mig com v t c._* 1 3,400 Irving Air Chute common 200 Italian Superpower cl A * 1 11,100 Jacobs (F L) Co * 2,500 Jeanette Glass Co Jersey Central Pow & Lt Co 475 53*% preferred 100 650 6% preferred100 7 % preferred 530 100 100 13,800 Jones & Laughlin com Julian & Kokenge com 100 70 Kansas G & E 7% pref Keith (Geo E) Co 7% pref. 100 4", loo Kennedy's Inc 350 Ken Rad Tube & """20 1,20 20 5 Lamp cl A..* Key Co common Kimberly-Clark 6% pref—100 Kingsbury Breweries com 1 Kings County Lighting— 7 % preferred series B 100 5% preferred series D 100 Kingston Products.. Kirby Petroleum 3,500 4,100 1,200 Kirkland Lake G M Ltd 200 Klein (D Emil) Co common. 200 Kleinert (I B) Rubber 700 Knott Corp common Kobacker Stores Inc 605 25 1,000 5,100 -.100 1 24,600 10,400 Lakey Foundry & Machine..1 100 20 Lane Bryant 7 % pref 2,100 Lane Wells Co common 23* 13* 87 1 23* 13* 200 Class A * Class B--___ * Lefcourt Realty com..... Convertible preferred 100 24,700 16,000 2,300 3,400 Line Material Co 950 For footnotes 6% ; preferred Lit Brothers com ... Loblaw Groceterias class A.. Class B see page 53, 163* 3* At Sale 13* 23* 2 3* 893* Sale 273* 20 24 63* 43* 111 63* 53* 83 62 13* 23* 13* 13 903* Feb. 2 973* Feb. 903* 24 43* At % 7 91 Sale 68 66 70 Sale 73* 12 13* 23* 90 893* 86 55 12 123* 53* Sale 55 123* 53* 1 843* 86 88 473* 60 473* 94 683* 72 3-3* 13* 23* Sale 1 13* 123* 133* 123* 103* 63* 63* 10 63* 63* 113* 7 4 Sale Sale "93* '103* 15 73* 163* 9 1 23 Sale 4 Sale 93* 15 73* 3* 6 343* 353* 103* * 13* "113* Sale 10 20 23* Feb. 14 13* Jan. 19 95 103 313* Feb. 21 27 63* Feb. 43* Feb. 14 14 3 23* Feb. 27 Jan. 3 Jan. 25 903* 98 Jan. 19 9 105 Feb. 5 36 Feb. 88 6 Feb. Feb. 6 Feb. 24 5 Feb. 28 Jan. 3 Jan. 4 116 3* Jan. 19 1193* Jan. 31 x6 Jan. 4 Feb. 73* Jan. 43* Jan. 8 25 Ill Jan. 1123* Jan. 31 91 Feb. 1 13* Feb. 13 9 23* Feb. Feb. 13 13 3* Feb. 19 1 92 Feb. 9 5 13* Feb. 23* Feb. 21 89 Jan. 26 92 Feb. 9 673* Jan. i 3* Jan. 23* Jan. 12 68 Jan. 3 2 2 J an. 3 Feb. 13 133* Feb. 19 1 13 26 Jan. 2 65* Jan. 11 1 10 Feb. 19 15 Feb. 133* Jan. 7 Feb. 19 7 Sale 86 Feb. 23 88 Feb. 2 85 Jan. 5 65 55 Feb. 10 55 Feb. 10 55 Feb. 10 123* 53* 123* Feb. 6 23 Feb. 14 6 123* Feb. 53* Feb. 20 113* Jan. 5 5 Feb. 14 41 Feb. 2 42 Feb. 41 Jan. 24 203* Feb. 19 33* Feb. 16 23 203* Feb. 33* Feb. 19 423* 20 205* 4 Sale 82 95 93* Sale 17 23* 13* 133* 103* 73* Jan. 9 Jan. 8 Jan. 26 Jan. 8 Jan. 5 21 Feb. 2 Feb. 12 3* Feb. z63* Jan. 10 6 16 423* Jan. 253* Jan. 43* Jan. 3 3 8 88 55 8 Feb. 1 43* Feb. 23 Jan. 12 80 113* Feb. 10 93* Jan. 15 113* Feb. 10 163* Feb. 21 163* Feb. 21 163* Jan. 4 165* Feb. 21 3* Feb. 5 3* Feb. 23 3* Feb. 5 Feb. 20 Feb. 20 Feb. 1 23* Jan. 11 Feb. 8 x71 93* Feb. 6 Jan. 15 9 7* 6 23* Sale •A a > 33 18 At Jan. 12 41 233* 17 Jan. 3* At 13* 23* 13* 133* 113* 73* 12 11 Jan. 16 28 1143* 112 At Jan. 16 293* 130 30 63* 43* 20 24 9 73* Jan. 1 103* Feb. 3 3* Feb. 27 Feb. 9 105 5 9 6 23* Feb. 23* Feb. 27 Feb. Feb. Feb. 92 Sale 23* 13* 23* Feb. 14 13* Feb. 13 Feb. 33* % 5 At Feb. 8 163* Feb. 3 163* Feb. At Feb. 29 90 Sale At 91 1 Feb. 1 73* Feb. 1 103* Feb. 33* Feb. 27 3 963* 983* 96 1043* 1053* 103 29 Sale 27 293* Sale 6 163* 23* Sale 2 23* 1193* 1233* 121 18 4 i63* 17 At Sale 27K 1163* 120 1 25 * 17 Sale" 5 500 Lipton (Thos J) class A 3,000 16^ 163* 16 883* 35 Sale 83* Sale 113* 13 3 3* 33* 103 3* _3* * Lehigh Coal & Nav * Leonard Oil Development—25 Le Tourneau (R G) Inc 1 73* Sale 113* Sale 893* Langendorf United Bakeries— """300 Sale 3 i04"" Sale" 63* Koppers Co— 6% preferred 100 Kreege Dept Stores— i 4% conv 1st preferred-..100 Kress (S H) & Co spec pref-.10 Kreuger Brewing Co 1 120 Lackawanna RR N J Lake Shore Mines Ltd 73* Sale 103* 12 43* Sale At 3* 163* 173* 163* 173* At 3A 10 * com 33* Sale Sale '103* "Ilk 13* Sale 213* Sale 1 13* 20 243* 20 243* 23* At 313* 93* 165* 183* 1 5 Feb. 3 Feb. Feb. 23 Feb. 6 Feb. 5 6 Feb. 20 23* Feb. 10 6 At Feb. 33 k Feb. 9 113* Feb. 10 163* Feb. 23 213* Feb. 27 9 13* Feb. 6 At Jan. 313* 93* 103* 183* 1 Feb. Jan. Jan. Jan Feb. 18 5 18 16 16 5 6 5* Feb. 23 Feb. 20 5 Jan. 23* 5* 353* 113* 163* 213* 15* Jan. 9 3 Jan. Feb. 10 Feb. 23 Feb. 27 Jan. 2 46 YORK NEW PRICES IN FEBRLARY In Since February Jan. 1 Shares 450 1,400 23,000 34,700 2,725 9,025 4,300 21,600 775 1,425 2,700 7,300 0Continued) Par Bid 5 * 13 Locke Steel Chain Go Lone Star Gas 7% preferred series A—100 6% preferred series B 100 Loudon Packing Co com * Louisiana Land & Expl com.. 1 Combination...10 5 1,800 Lynch Corp win. 850 17,800 Majestic Radio & Tel Oorp—1 4,300 Manati Sugar opt warr 700 Mangel Stores Corp com 1 80 $5 conv preferred 50 Manischewitz (The B) Co.,—* 700 Ma pen Cons Mfg Co * Marconi Internat Marine— Communication Am dep rct. 100 Margay Oil Corp * * 2,500 Marion Steam Shovel com. 6,500 2,100 400 80 .. "loo 100 1,600 — 1 600 Mass Util Associates v t c 300 2,100 Massey Harris Co common— 3,150 Master Electric Co May Hosiery Mills— $4 preferred — 900 McCord Radiator & Mfg B._ 9,800 McWilliams Dredging com—* 1,600 2,350 900 2,900 1,400 Mead Johnson & Co 575 * com 5 2,500 Memphis Nat Gas com 150 Mercantile Stores Co 1,300 100 * 800 Merchants & Mfrs class A 200 1 Participating preferred 125 75 * 2,900 Merritt Chapman & Scott 225 636% A preferred 1,000 100 Common stock pur 700 700 * 100 warr'ts.. 1 10,200 Mesabi Iron 7,500 2,300 2,800 Metal Textile Corp com. . . Participating preferred Metropolitan Edison Co— $6 preferred 230 10 40 1,300 Mexico-Ohio Oil Co "1Mb 13 Sale 44 Sale 3836 1% 5% Sale ih 5 34 103 36 25 Sale 2636 31 38 Sale 10 2636 2636 236 236 436 22 1836 Sale 234 5 23 36 24 1036 Feb. 136 Feb. Sale Sale 42 Feb. 7 40% Feb. Sale 38% Sale 3834 Feb. 29 136 Feb. 136 5 5% 2556 Sale % V 38~36 5Y 7 17 3 234 236 2% 5 4 34 24 J4 Sale 2,100 300 1,700 5,000 10,200 Middle States Petroleum—' Class A v t c new..—_—1 3,800 Class B v t c new. 1 6,000 15,900 Middle Wejt Corp common..5 236 Sale 2 36 7 36 153 Sale Sale 536 1436 4% 236 636 17 Sale 236 4% Sale 4 28 60 236 836 336 8 336 3 34 29 Y 4 436 Sale 27 4 36 4 Sale Sale Sale 3; % 236 42 62 . _ 2 36 41Y % 234 45 % & Sale* 6 36 8 % 634 % % 4 534 3% 3 % 8 4% V* Sale 5 36 5% % 8% ,36 Sale Sale 5 3% % ' % 2 4 2 Feb. 5 Feb. 2 6 Jan. 3 103 Jan. 5 10536 2 18 Jan. 36 Jan. 2636 Jan. 24 2 6 Jj Jan. 5 136 Feb. 536 Feb. 2636 Feb. 26 % Feb. Feb. Jan. 5 4 35 Feb. 29 9 Jan. 2 36 10 Feb. 10 Jan. 2 2536 Jan. 20 29 Feb. 24 10 15 Feb. > Feb. 29 36 Feb. 9 29 Feb. 24 29 Feb. 24 15 Feb. 10 15 Feb. 10 15 3 Feb. 6 2 36 Feb. 4 Feb. 8 24 Feb. 29 236 Feb. 8 436 Feb. 3 2934 Feb. 13 Feb. 15 2 36 Feb. 736 Feb. 7 836 Feb. 2 Feb. 436 Feb. 15 Feb. 2 167 Feb. 6 436 Feb. 67 63 Feb. % Feb. 236 Feb. 6 4 36 3 36 2936 4% 6 '63 6 34 7 36 336 Feb. Feb. Feb. Feb. 20 9 27 9 8 9 1 9 6 6 2 17 44 Feb. 104 29 10536 Feb. 27 20 Xs Jan. 2 % Feb. 23 6 1 % Feb. 23 136 Feb. Feb. Feb. Feb. % 36 Jan. 2436 Jan. 35 2436 Feb. 7 8 3 4 20 20 136 Jan. 336 Feb. 28 9 2836 Feb. 336 Feb. 14 a Feb. Jan. Jan. Jan. Jan. Jan. 38 36 Jan. 336 2936 4% . Feb. 2 36 Jan. 2 236 Jan. 20 Feb. 24 2136 Jan. 16 4 Jan. 5 29 34 Feb. 2 15 236 7 936 29 167 436 436 Jan. 24 15 Feb. 29 1536 736 Feb. 152 36 Jan. 336 Jan. 26 9 2836 Feb. 336 Feb. 14 63 Jan. 36 %> 236 4236 Feb. Feb. Jan. Jan. Feb. 104 15 6 7 4 5 10 436 Feb. 29 236 Jan. 20 3 Feb. 13 Feb Jan Feb Jan J^n Jan 4 3036 Jan 436 Jan Jan 67 36 Feb .54 Jan 336 Feb 4236 Jkn z 29 108 36 Jan % Jan 36 Jan-. *19 5 Sale At Feb. 6% Feb. ■% Feb. 436 Feb. 336 % 836 3% Sale 9 3V6 Feb. % Feb. 836 Feb. 536 6 % Sale 536 736 36 1 42 13 36 1036 136 4836 4436 Feb. 1536 Feb. Sale 104 24 Feb. 29 % Sale 336 3 3936 Feb. 28 % Feb. % 2 36 37 % 23 1 136 Feb. 153 166 15 "IX ~~436 67 2 1 936 Jan. Sale Prices 2 366 Feb. 14 % Feb. 5 0 4% i*8 9 Highest Sale Prices 13 Jan. 15 43 2 2634 x24% Feb. % % 136 Sale 35 Sale 1036 14 2736 30 163 154 Feb. 5 Sale 5436 lii aW 834 Sale 162 34 165 36 1 Tube Prod.—2.50 _* 2,600 Michigan Sugar common 300 10 preferred Sale Lowest 105 Sale "29 15 1% 5% 101 105 36 108 35 13 36 Feb.* Feb. 1Y "27" 1336 Feb. 23 6 936 Feb. 1 43 34 36 13% Sale Sale 25 Highest Sale Prices 13% 9% 1Y 4236 13H Sale 936 1% 46 36 7 5 1536 Ask Ask Bid Xt Sale 36 Sale 136 2 Lowest Sale Prices Feb. 29 1 10334 10536 450 Mich Steel 350 13% Sale * , 7,600 Michigan Bumper Corp. „ .25c 15 Bid 1] * 101 100 Louisiana P & L $6 pref Feb. Ask lOj Long Island Light common... * 500 Lucky Tiger 1 Jan. 2 1940 STOCKS RANGE SINCE JAN. Price NEW YORK CURB EXCHANGE Shares 6,900 8,100 EXCHANGE CURB aggregate SALES 28 Jan 1 636 Feb. 34 Jan. 25 436 Feb. 21 7Yt Jan Feb. 20 % Feb. 16 8 Jan.. 2 436 Jan % Jan 936 Jan 5 536 Jan. 6 1836 Feb. 14 1736 Jan. 19 110 Feb. 5 134 Feb. 26 734 Feb. 16 1 28 ""36"Feb."6 636 Feb. % Feb. 5 27 21 5 29 20 ■ Feb. 5 336 Feb. % Feb. 9 36 Feb. 6 Feb. 5 6 18 Feb. 5 16 % Feb. 3 36 V Jan Feb Midland Oil $2 conv 900 300 Corp— pref * 436 Feb. 5 Jan Midland Steel Products— 1,000 250 2,200 Mid-West Abrasive Co 4,60.0 Midwest Oil Co 100 Midwest Piping & Supply Co.* _* 100 Mining Corp or Can * 6,300 Minnesota Min & Mfg Co Minnesota P & L 7% pref. .100 160 Miss River Power 6% pref. 100 '"loo 2,550 ""120 3,100 Missouri Pub Serv common. _* 3,300 Mock Judson Voehringer._2.50 700 1,600 500 * 50c -10 850 Midvale Co 300 1,900 2,300 21,500 1,500 1,800 ♦ $2 non-cum div shares 1 48,700 Molybdenum Corp 1,700 Monarch Mach Tool Co com.* 1 3,900 Monogram Pictures com 1 700 Monroe Loan Society cl A Montana Dakota Utilities—10 ~ 1,250 Montgomery Ward & Co A. 4,450 Montreal Lt Ht & Pow com..* '"640 2,950 pref.* JMoore (Tom) Distillery Co_.l Mtge Bank of Col Am Shs Mountain City Copper Co._5c Mountain Producers Corp—10 ^Mountain States Pow corn- 125 400 MoodY's Investors par tic 500 600 100 39,606 60,400 2,800 6,200 100 250 Mountain Sts Tel & Tel '"loo 290 800 200 7,300 12,700 6% preferred 200 18,000 Nat Rubber Mach 2,300 3,500 600 600 30 1,050 13,000 6,100 2,400 1,600 ""90 National Tea * Co 536 % pref. 10 12.50 * National Union Radio 1 com Navarro Oil Co * JNebel (Oscar) Co com Nebraska Power 7% pref.. 100 Corp common * preferred ""600 Nelson (Herman) Corp 400 Neptune Meter class A. — 900 Nestle Le Mur Co class A 50 Nevada Calif Elec com 300 7% preferred.. 25 280 600 New Haven Clock Co 3,900 2,400 com 2,500 New Mexico & Ariz Land 3,300 Newmont Mining Oorp ~436 Sale 5Y 100 2",300 For footnotes N Y & Hond Rosario M see page 53. Sale Sale 11% 1% Sale 136 5 36 10 J4 36 6436 1836 109 36 106 36 136 1% 736 Sale H36 1 136 58 Sale „ Feb Feb. Feb. 3 Feb. 1 Feb. 2 Feb. 65 Feb. 24 Sale 4% 10Y Sale 6% 2534 Sale 26 Y Sale 2% 0% 2% 7Y 117 11736 436 436 1036 11 636 28% % *8. 3Y 534 29% Y Sale Sale 2936 1 Sale 836 Sale % y 136 Jan. 736 Feb. 26 8 Jan 11 Jan. 23 11 1 Feb. 2 1 Jan Feb 5736 Jan. 11 65 2 23 36 27 36 36 436 436 536 36 Feb. 436 Feb. 1036 Feb. 26 11736 Feb. 5 2 1 636 Feb. 2 25 36 Feb. % Feb. 21 2 Feb. 168 20 434 Feb. 8 1036 Feo. 1 Jan 7 36 Feb. 2936 Feb. 20 17 9% 153* 10% 7% Sale 10% 10% 7% % Sale Feb. 117 436 Jan. 1036 Feb. 2 1136 Jan 2 536 Jan. 2436 Jan. 18 156s Feb. 21 736 Feb 2936 Feb Feb. 1 20 236 Feb. 15 2 Feb. 16936 Feb. 9 168 Feb. 1 26 11734 Feb 15 5 Jan 20 Jan 1 236 Jan 736 Feb. 6 2436 2336 Feb. 20 25 36 29 28 36 Feb. 13 29 36 Feb. 36 Feb. 9 169 168 28% Sale 117 - Y Feb. % Feb . 2 6 20 536 Sale Sale 336 Feb. 536 Feb. 14 4 36 Feb. 2 536 Feb. 21 1 1 2 14134 Feb. 15 14136 13836 Feb. 1 1236 9% Feb. 1136 1134 Feb. 27 16 36 Feb. 2J 1536 Feb. 19 1636 Sale Sale 10 10 Feb. 29 836 Feb. 29 139 36 1056 1536 Jan. 105 99 95 117 36 34 36 79 Sale 10 11 836 Sale 36 Sale 28 2936 113-2 1654 Sale 46Y 40% 10 Sale 12% Sale 3 3% 43 4436 9436 Sale 52 10 K 5Y 56 Sale Sale 1Y Sale % % 12% Sale 9Y 114Y U7 67 69 5 5 * 534 % * 100 * 0Y 6 1 72% Sale 24 27% 124 124% 5 * 25 1 10 __* 100 New Process Co common * 100 N Y Auction Co common N Y City Omnibus warrants. "loo Sale 2734 24 26 1V 23 36 Feb. 26 Jan. 36s 436 336 536 36 79 Feb. 29 79 29 1036 7 34 36s 28% Feb. Feb. Feb. Feb. 13 1036 Feb. 13 836 Feb. 23 36 Feb. 5 2934 Feb. 27 1036 736 %6 2836 19 1 13 Feb. Jan. Jan. Feb. Feb. Jan. Jan. 138 936 1536 836 79 10 623 $ 29 12% Sale 1Y 113 10 Feb. 16 Feb. Feb. 29 Feb. 29 95 Feb. Feb. 10 15% 15 Sale 15 Feb. 15 45 44 36 43 Feb. 20 Sale Sale 1036 1236 2 36 4136 4536 Sale Sale 336 Sale 1036 Feb. 12 36 Feb. 23 Feb. 20 4136 Feb. 9136 Sale 3k 336 636 Sale 91 1134 1236 3 41Y 93 % 3% 43 Sale 4% 51Y 10% 5 53 Y 1036 9h 1% 9% lk 12 123S 110% 117 67% Sale 5 36 6 1 6 7% 136 48 36 10 36 10 H 51 11 Sale 1136 Sale $ 1136 116 nl Sale 6236 Sale 8536 536 6 534 Sale 34 136 136 236 30 35 12 Sale 3 3 2 Feb. Feb. 26 Feb. 28 7 Feb. 5 Feb. Feb. 13 9 Feb. 12 Feb. 16 115 6 171 Jan 20 26 Jan 17 30 Jan 15 X* Feb 436 Jan 14 4% Feb 4 5 k Jan 36 14134 26 1134 5 1636 Jan 2 3 11 Feb Feb Jan. Jan. Jan. 29 8136 Jan Feb. 13 Jan. 29 1136 Jan Feb. 6 Jan. 24 Feb. 13 Feb Feb 10 Jan 9 Xi Jan 31 Jan Feb. Sale IK 62 1 Sale 136 Feb. 6 10 634 Feb. 13 3 7 2% 29 2 36 35 Sale 33 14 18 23 2336 1536 18 15H 18 24 Y 2634 27 2836 236 3 19 1134 Feb 1636 Jan Feb. 20 47 10 11 3 20 41 Feb. Jan. 1136 Jan 1336 Jan 3 36 Feb 15 44 91 Feb. 29 9736 Jan 236 Jan. 3 36 Jan. 4836 Feb. 26 Jan. 15 536 Jan. 16 8 34 Jan. 15 Feb. 20 Feb. 29 Feb. 28 Feb. 2 Feb. 2 10 12 Feb. 16 12 136 Jan. 26 116 Feb. 29 115 23 Feb. b 60 53-8 Feb. 16 536 Feb. 26 534 Feb. 29 6 Feb. 9 1 Feb. 9 12 Feb. 9 Feb. 29 1236 Feb. 23 Feb. 29 73 36 Feb. 24 36 Feb. 26 5 13036 Feb. 9 Feb. 26 Feb. 9 12 17 2 Jan Feb 3 634 5436 1136 736 1136 Feb Jan Feb Feb Feb 134 Feb % Feb. 9 34 Jan Jan. 27 1234 Jan Feb. 26 117 70 12 Jan 6 6 Jan Jan 1 Jan Jan. 536 Feb. 16 5 34 Feb. 29 5 36 Jan. 136 Jan. 19 Feb 134 Jan 12 Feb. 29 1336 Jan. 12 65 Feb. 29 7636 Jan. 11 2536 Jan. 3 2436 Feb. 26 3 13036 Feb. 9 12436 Jan 656 Jan. 27 536 Jan. 19 Feb. 7 Jan. 3 13 36 Feb. 62 36 Feb. 7 12 Jan. 15 26 60 136 Feb. 2 1 Feb. Feb. 15 7036 Jan. 18 Feb. 6 33 2 Feb. 1 2 Feb. 1 24 Feb. 24 2836 Jan. 25 Feb. 15 60 Feb. 1 Feb. 3 15 33 2 Feb. 33 Feb. 33 Feb. 2 Feb. 24 Feb. 24 Jan 20 Jan. 1136 736 1136 134 36 1 16 9 34 Jan. Feb. 70 Feb. 12 51 73 35 1436 Jan. 43 6036 Feb. 65 67 36 Sale 7136 22 2436 2536 2436 127 131 132 12636 127 6 6Y 536 6 12 34 13 Sale 1336 Sale 136 28 4 36 4836 1036 6 36 9 36 136 % 71 25 62 27 17 Feb. 28 Feb. 8 Feb. 2 Feb. 8 Feb. 9 1134 1536 4536 11% 12 34 3 36 43 34 14% 43 100 2,200 New Idea Inc common 9,500 New Jersey Zinc Tioo f*. 59% 1836 106 % 107 36 * 175 New England Pow Assn com.* 6% preferred ; 100 3,130 $2 preferred * 125 100 560 New Engl Tel & Tel Co 50 1,130 l'.ioo 18 4% * National Tunnel & Mines 1st 200 com National Transit 8,400 Nehi •5,900 ""300 * 600 National Steel Car Ltd 4,000 National Sugar Refg 350 850 1 300 Nat Manufacture & Stores—* 4 6,800 National Oil Products National Power & Light— $6 preferred 6.575 * 300 National Refining com 3,150 7,100 * " 50 31,300 National Fuel Gas 300 14,600 536 Sale 27 28 % % 1Y 7% 10 Y 1836 Feb 24 11436 Jan 23 134 Feb 9 25 National Candy Co com 2,000 National City Lines com $3 conv preferred 600 20,200 National Container (Del) ""300 2,300 Sale 11 11 50 7% preferred "*300 "4" '~4% 1,500 Nachman Springfilled Corp..* 11,500 Nat Automative Fibres com._l 1 11,400 Nat BellaR Hess com 690 National Breweries common. _* 1,600 Muskegon Piston Ring 425 Muskogee Co common 10 9436 91 10 15 225 Sale 58 * 2.50 * 100 800 300 18% 105 Y 1 100 2,200 Murray Ohio Mfg Co 1,000 5,500 5,700 18 36 Sale 136 734 Sale 10 % 11H 1 1H 1736 11436 Sale 2836 Feb. 6 3 IV Jan. 8 7236 Jan. 15 Feb. 6 March, 1940] new york curb exchange 47 AGGREGATE SALES PRICES IN FEBRLARY new york curb exchange Since Jan. 1 Feb. 1 1940 Shares STOCKS (Continued) 3,700 N V Merchandise Oo 900 N Y Pr 4 Lt $6 pref 1,480 6,100 com.. s 330 10 Ask Bid Niagara Hud Powcom...-.10 5% 1st pref.... 100 5% 2d pref 100 Class A warrants 5% .5 100 200 Nineteen Hundred Corp B...1 5 1 814 Sale * 26 27 75% 24% 25% 27 24 49 50 50 50 % 3% 2% 1 Sale _100 100 100 6% 7% 10 - 25 * * 14*4 16% 35% 1,050 Ohio Edison $6 preferred---4,650 Ohio Oil 6% pref -.100 107 98% Sale 18% 36% Ohio Brass class B Sale 98*% 570 Ohio Power 6% preferred--100 450 Ohio Pub Serv 7% 1st pref. 100 6% 1st pref 100 1,200 Oilstocks Ltd common Oklahoma Nat Gas com 5 25,200 -15 2,950 $3 preferred 1,300 $5.50 conv pref 8,884 Oldetyme Distillers Oliver United Filters B 50 * 1 8% 19% 9*% 19*% Sale 47 113% 115 1% 1*% 500 Overseas Securities Co * 200 Pacific Can Co ♦ common 15,400 Pacific G & E 6% 1st pref.-.25 2,100 5 % %lst preferred 25 25 Pacific Lighting $5 pref * 320 Pacific P & L 7% pref 200 Pacific Public Service com a00 7*% 2% 11 * Page-Hersey Tubes com Pantepec Oil of Venezuelae American shares 100 Paramount Motors Corp _1 150 Parker Pen Co 10 31 89 5% 20 140 Patchogue Plymouth Mills. 9% (D) Grocery cl A * Class B. 880 Peninsula Telep Co com Class A cum preferred * 25 42% 11% 34 Sale 25 25 51 % 44% 12 Sale 2 1 12 * 100 — * 1 14,700 Pharis Tire & Rubber Co 4,500 Philadelphia Co com 130 Phila Elec $5 div preferred1,125 Phila El Pow 8% pref 25 2,700 Phillips Packing Co * 300,000 Phoenix Securities common—1 $3 conv preferred A 24,650 10 * 1,100 Pierce Governor Co com < 100 Pines Winterfront Co 1 1 18,000 Pioneer Gold Mines Ltd 6,900 Pitney Bowes Postage Meter.* 10 7% Jan. 104% Jan. 114% Jan. 14% Feb. 27 12% Feb. Sale 1 7.50 22.5 Pneumatic Scale Corp Ltd—10 5,100 Polaris Mining Co 25c 5,900 Potrero Sugar com 5 2,000 Powdrell & Alexander com. --.5 125 Power Corp of Can com 60 6% 1st preferred .-100 * 2,700 Pratt & Lambert 7,000 Premier Gold Mining. . * com 1 -_25c * * * com * Public Service of Clorado— 6% 1st preferred 100 100 * * 5,300 Public Serv of Ind pr pref $6 preferred 3,600 Public Service of Oklahoma— 6% prior lien pref 340 100 180 7% prior lien pref 100 28,400 Puget Sound P & L $6 pref—* $5 preferred * 11,400 16,000 Puget Sound Pulp & Timb—* 50 Pyle-National Co com 5 600 Pyrene Mfg... 10 27 105% Feb. 118% Jan. 6 21 % Jan. 4% Feo. 2 1 5% Feb. 89% Feb. 81% Feb. 15 87% Feb. Jan. *22 Feb. 8 bi Jan. Feb. 27 16 % Jan. 8 Jan. 22 76 Feb. 5 %2 Feb. 3 % Feb. 5% Feb. 94% Feb. 2 14 63 Feb. 16 8% Feb. 14 1 Sale 4% Feb. % Feb. 14 75% Feb. 1 23 % Feb. 24 24% 50% o% 2% 23 % Sale Sale 7% 37% 36 Sale 21 % Sale 20% 110% 110% 109% 103% Sale 102% Sale 114 115% 113% 113% 114 % 112% 106 108 106% 7 % 8% 7% 8% 7% 20 19% Sale 19% 19% 48 % 49 49 49% 48% 111 112 ^ 112% Sale 112 1% Sale 1% Sale 1% 21% 109% 102% 116% Sale Sale 8% Sale 13% Sale Sale 89% 4 5 8% 3% 9 15 Feb. 21 Feb. 26 Feb. 20 15 Sale 88 Sale 5% 4% 3% 9% Sale 4% 46 10% 48"" 13% 33 % Sale 2% 2 Sale 4% 5% 3% 12% 9% 27% 46% 13% 9% 35 48 Sale 34 Sale 13 11% % %6 2% 2% 1% Sale 31 6% 21% 93% 20 3 \%H 2% "67% Sale 172 14 71% 174 Sale 72 89 91% 79 81 % 26% 29 25% 27 8 7% 5% 6% 36 Sale 8 6 Sale Sale 10£ u£ 1% Sale 7% Sale 7% 6% 30% 5% Sale 6% Sale 5% 8% Sale 40% Sale 10% 12 % Sale 1% Sale 7% Sale 11% 56 10% 100 % 1% 9% 12 Sale Sale Sale 1'/ 10% 9% 58 Sale 58 % 11 Sale 171 13% 67% 78% 26% V* 9 14 Feb. 1 1 Feb. 3 Feb. .13, 114 Feb. 1 Feb. 1% Feb. 88 1 Feb. 29 6 Feb. 23 Feb. 20 20 Feb. 6 "i%"l'% "1% "1% % <1^ 1 4% 8% 4% 8% Sale Sale Sale i% 40 9J4 22 Sale 42 Sale ~4J4 Sale" 8% 6 93 8% 6% 97% 106% 109 110% 115 90% Sale 50 Sale 103 % 104% 110 Sale 24% Sale Sale 78% 12% Sale 6% 6% 21% 1% 39% 7% %« 4% 9% 6% 18 16% Jan. 36% Jan. 26 19% Jan. 13 107 3 46 112 Jan. - Feb. 13% 33% 30% 108% 88 6 20 16 Jan. 3 23 Feb. 21 26 27 2 1 115% Jan. 17 23 107% Jan. 31 26 23 24 8 Jan. 19 Feb. 6 Jan. 19 Jan. 11 20% 49% 13 114% 1 1% 12 9 Feb. 3 Jan. 10 8% Feb. 3% Feb. 13 14 20 Feb. 16 Jan. 22 34% Jan. 1 Feb. 31% Jan. Feb. 28 108% Feb. Feb. 29 95% Jan. Feb. 23 6% Feb. 28 Feb. 6 4% Jan. 3% Jan. 22 6 Feb. Jan. 27 26 Feb. Jan. Jan. Feb. 21 8 Feb. 5 34% Feb. 21 49% Feb. 15 5 43% Jan. 4 24 12 Jan. 5 16 34% Feb. 21 33% Jan. 17 2% Feb. 13% Feb. 1% Jan. 11% Jan. 38% Jan. 9% Feb. 9 27 11 23 Feb. 48% Feb. 13% Feb. 33% Feb. 26 Jan. 8 9 20 16 12 4 Feb. 37 110% Jan. 2 Jan. Feb. Feb. Jan. 7% Feb. 18% Jan. ii* 3 26 Jan. 3 104% Feb. 23 116% Feb. Jan. 98% 113% 112% 106% 7% Feb. Feb. Feb. 26 1 Feb. 65 Feb. Feb. 3 15 Sale Sale Sale 59% 12 Sale 1% Sale Feb. 30% Feb. 11 2 Jan. 110 Jan. 17 111 19 2 10 112 2 113 Feb. 6 16 72 Feb. 17 Feb. 3 13 80 Feb. 2 16 27 Feb. 28 1 5 2 11% % 1% 7% 43% 9% Feb. Feb. Feb. Feb. Feb. Feb. 58% Feb. 11 Feb. 100 Feb. 1% Feb. 10% Feb. 7% Feb. 23 7% Feb. 26 28 117 8% Feb. Feb. 5 5 Feb. 31% 6% 11% 44% 13% % 1% 28 Feb. 29 8 Feb. Feb. 19 Feb. 15 Feb. 21 1 16 29 2 15 Feb. 7 1% 1% Feb. 7 1% Feb. 6 8% %, Feb. 14 4% Feb. 20 1 8% Feb. % Feb. 23 9 4% Feb. 1 8% Feb. Sale % 4% 10 Sale 106 1 8% %6 3% 9% 6% 99% Feb. Feb. 14 2 9 22 Feb. 1% Feb. 10 Feb. 24 Feb. 13 Feb. 12 28 120 11 31 29 30% Jan. 5% Jan. 6% Jan. 30 2 34 Jan. 17 25 23 Jan. 16 9% Jan. 15 Feb. 29 1 Feb. Feb. 13 Feb. 20 28% 82% 17% 8% 7 Jan. 31% Feb. 6% Feb. 1 4 5 8 11% Feb. 19 44% Feb. 15 13% Feb. 21 1 3 4 2* 45* Feb. 8 8 Feb. 29 Jan. P 1 Jan. Jan. 5 Jan. 5 Feb. 16 Jan. 15 104* Feb. 29 1% Jan. 9% Jan. ll* Jan. 10 3 Jan. Jan. 9 15 Feb. 7 1% Feb. 7 1% Jan. 20 99 13 5 6 14 Jan. 2 Jan. 26 5 4% Jan. 8% Feb. 4 8% Jan. 81% Jan. 20*% Jan. % Feb. 4 25 18 &15/8 22 Jan. Feb. 1 24 2 Jan. 8 1% Jan. 13 39% Jan. 8% Jan. 16 3» K Jan. 16 13 8 7 9% Feb. 6 7 Jan. 31 4 100 Feb. 27 5 Feb. Feb. Jan. Jan. 10 27 Feb. 8% Jan. 8% Jan. 7 Feb. 21 109% Feb. 3 112% Feb. 4 13 Feb. Feb. 28 13 $ Jan. Feb. Feb. 72% Jan. 90% Jan. 27% Jan. 30 5 Feb. 6 17 8 %«Jan. 3% Feb. 26 8 8% Jan. Feb. 106% 109% 106% 107% 106% Feb. 10 106% Feb. 10 113% 114% 113% 114 112% Feb. 19 113% Feb. 9 82% Sale 7 84% Sale 79% Feb. 84% Feb. 29 44 7 45% 40% Sale 39% Feb. 44 Feb. 3 106% 108% 107 108 108 111% 113% 110% 113% Ill 25 26% Sale 25% Sale 80 Sale 78% Sale 78% 12% Sale 15% 12% 15% 8% 8% 9% 6% 7 7 6% 6% 17 Feb. 20 1 %6 Feb. 24 5 Feb. 26 Feb. 14 9% 7 Feb. 20 Feb. 15 100 Feb. Feb. Feb. 55 7 104 Feb. 19 1% Feb. 19 Jan. 9 29 11 19 Feb. 6 9 5 Jan. Jan. 7% Jan. Feb. 21 16 3 117 ' Feb. Feb. 16 Sale 40 Feb. 11 8 Feb. 1% 38% 26 60% Feb. 11% Feb. 1 15 175 9 16 66% Feb. 23 77% Feb. 13 45 1 14 41* Feb. 1 1 Feb. 20% Feb. 12 5 Feb. Feb. 11 Sale Jan. 166% Jan. 9% Jan. *4 Feb. 1% Jan. 7*% Feb. 40% Jan. 9% Jan. 1 10 5 14 ii* Jan. 6 5% Feb. 39 11 19 7% Feb. 20 6% Feb. 20 117 19 Jan. Feb. 77% Feb. Feb. 13% Feb. Feb. 26 28% Jan. 15 2 6 23 Sale 13 11 26 112 66 % Feb. Sale 4^ 100 13 Jan. 7 8 Feb. Feb. 30 Feb. 22 99% 105 12 Feb. 105% 3 114 3 9 14 9% 6% 2 Jan. 16 13 113 Sale 7 100 106% Jan. 6% Jan, Feb. 20 175 Sale %6 3 30 7 Feb. Feb. 10% 9 13 Jan. 2% Jan. 10 Feb. 45 4 Jan. 3 30 Feb. 13 5% ie* 2 3 16 12 22 9% 3 15 27 : 21 25 Jan. %6 Jan. 2% Jan. %6 Feb. Feb. 171 % %A 1% Sale 7% Sale 8 Jan. 49% Jan. 30 1 & 6 5% 3% 12% 10% 35% 49% Feb. 12 3 5% Feb. 27 16 2 Jan. Jan. Jan. 12% Feb. 21 3 Feb. Feb. Jan. Jan, 26% Jan. 1 16 11 1% 23% Feb. 24 24% Feb. 23 9 84 21 176 Sale 13 12 14 5% 99% 67% 8% 1% 5% 9 2% Sale 101% 104 1% r_ 1% 9% 10% 10% 27 16 19 1 4% Feb. Sale 10% 100 Feb. 29 7% Jan. 2% Jan. Feb. 17 Feb. 14 Feb. 28 88% Feb. 13 6% Feb. 23 8 4% Jan. % Feb. 8% Feb. 13 3% Feb. 20 16 %2 Jan. 73 % Jan. 1% Feb. Feb. 12 18 17 Jan. 5 3 12% Feb. 9% Feb. Sale 39 57% 10% 1 9 Feb. 14 Feb. 34% Feb. 31% Feb. 28 108% 20 5 9 13 6% Jan. 89% Feb. 81% Feb. 12 94% Feb. 14 57% Jan. 20 8% Jan. 12 5 5 Jan. 31% % 117% 119 31% Sale 6 x73 19 37 114 9 23 Feb. 26 Feb. 21 Feb. 23 110% Feb. 15 1 104% Feb. 27 Feb. Feb. 23 116% Feb. 1 2 113% Feb. 26 Feb. Feb. 17 107% Feb. 7 Feb. 26 7% Feb. 26 Feb. 1 20% Feb. 24 Feb. 13 49% Feb. 26 Feb. 13% 33% 30% 108% 1% 11% 41% 65 67% 2 2% 1% 2% 110% 111% 110 112% 113% 112% Sale Feb. Feb. Feb. Feb. z86 80% Feb. 13 9 25% Feb. 25% Feb. 19 51 % Feb. 13 a% Feb. 26 2% Feb. 20 7 %# Feb. 8 105% Feb. 8% Feb. 23 3% 12% 34% 30% 6 20% 5% Feb. 99% 66% 8% 1% 2 4% Feb. 9 %„ Feb. 103% Feb. 29 110% Feb. 29 114 Feb. 3 7 Feb. 19 7% 7% Feb. 26 12 12 Feb. 19 9 12% Feb. 18% 6 16% Feb. 18 Feb. 16 36% 36% Feb. 8 37 Feb. 9 103% 111 17* 1 1 Feb. Feb. 6% Feb. 6 14% Feb. 27 27 105% Feb. 13 6% Feb. 2 29 Jan. 5% Jan. 6 Sale 3% Feb. 104 Feb. 1 24*% 24% 51*% 9 13 25 % 17 325 Pitts Bessemer & L E RR—50 4,500 Pittsburgh Forgings Co 50 2,570 Pitts & Lake Erie RR 2,200 Pitts Metallurgical Co 10 10,000 Pittsburgh Plate Glass com--25 Feb. 80% 23% 23% 50% 7% % 2* Sale *VA 1 * $7 preferred 13 Feb. 9 9% 1% % Sale 88% 5% 19% Sale 99 Sale 3 12% 16% 36% 90% 6 21% * Sale * 111 50 167% Sale 20 1.125 Pennsylvania Salt Mfg 575 Pennsylvania Sugar Co 5,600 Pa Water & Power For footnotes see page 53 107% Feb. 19 4% i% a Sale Sale * * 410 Pa Gas & Elec class A 220 Pa Pow & Lt $6 pret 7% 1st preferred 5% 95% 63% 8% 9% 113% 6% Sale 31% % 2.50 25 Pa Edison Co $2.80 prel-. 50 $5 preferred 100 1% 5% 31 —50c 41,100 Pennroad Corp com 50,600 Pa Cent Airlines com 30 Highest Sale Prices 9 22 Feb. 3 109 Jan. 19 5% Feo. 24% Fed. 332 65 _ 6,200 3,900 Prudential Investors $6 preferred 2,950 1 Sale Prices 118 6 7 12% 33% 30% 4*% Sale 3*% 4% 4,200 Parkersburg Rig & Reel Co- 100 Prentice-Hall Inc 80% % 84 69,100 5,900 Pressed Metals of Amer 4,000 Producers Corp 3,900 Prosperity Co B common 500 Providence Gas Co.. 78% Sale % 2% 9 3% 13 33% * 1st preferred 104 6% 24% Sale i*. ■■ 1 3,000 Pleasant Valley Wine Co 2,800 Plough Inc common 88 * Omar Inc 1,050 Pepper ell Mfg Co 300 Perfect Circle com % 84 * -.5 , Penn Traffic Co— 4% * * Sale Sale „ 1,500 North European Oil com 1,350 Nor Ind Pub Ser 6 % pref. 650 7% preferred 3,100 Northern Pipe Line 10,800 Nor States Power A 900 Northwest Engineering 2,000 Novadel-Agene Corp.. 1,700 12% Feb. 5% Sale Sale 8% 9% 1% 4% 4% 1 Sale 1 1 200 Nor Amer Util Sec com 300 North Cent Texas Oil common 62 % Sale 6% Sale % preferred-- Penn Mex Fuel Sale 23 25% 5% 87% 5% Sale Sale 86 % 6 5% 25 — Niagara Share Corp class B 450 Pender Sale Prices 9 Feb. 3 8 8% Feb. 106% 106% Feb. 117 116% Feb. ' 67 % 100 14 13% 104 % 2?g Sale* * l',156 12% 13 Class B warrants 2,100 Nipissing Mines 2,800 Noma Elec Corp com 22,500 Nor Amer Lt & Pow com 3,850 $6 preferred.: 2,700 North Amer Rayon cl A Class B common 1,610 770 6% prior preferred-- ' 8% 106 Lowest Highest Sale Prices Corp— com 375 Sale Lowest Ask 116 11% — Class A Feb. 29 Ask Bid 8% 7% 8% 107 Sale -1 5 preferred 100 New York Transit -5 N Y Water Serv 6% pref—100 5,100 Nlles-Bement-Pond \,975 Bid 100 hares N Y State Elec & Gas 70 3,000 1,850 114,300 3,475 570 10,000 1,100 3,200 Par 7% preferred N Y Shipbuilding Oo— Founders RANGE SINCE JAN. Price Jan. 2 14 19 3 Feb. 3 Feb. Feb. 19 Feb. 13 13 Jan. 97% Jan. 106% 110% 79% 39% Jan. Jan. Feb. Feb. 104% Jan. 109% Jan. 24% Jan. 78 13 Jan. 106% 9 113% 7 93% 7 50% 8 109% Feb. 15 112% Feb. 2 32% Jan. Jan. 24 85 11% Jan. 8% Feb. 6% Jan. 26 17% Feb. 8% Feb. 13 3 7 Jan. Feb. 5 7 9 8 3 14 19 10 10 19 13 13 NEW 48 NEW YORK Price CURB EXCHANGE Jan. 2 Par —* -——100 Bid Ask Bid 117 118% 153 % 16 118 920 Railway & Light Securities—.* 100 Rys & Utll invest ci A c<?m—1 9 STOCKS (Concluded) Shares 510 Quaker Oatecom 6% preferred 50 Quebec Power Co 1,100 150 12% 13% $3 conv pref —50c 1,900 Raytheon Mfg com 1,900 Red Bank Oil Co * 1,300 Reed Roller Bit Co 1,200 Reeves (Daniel) com———* Reiter Foster Oil Corp 50c 4,700 5 500 Reliance E1& Eng Co— "l",306 1,000 1,600 100 2,600 34 H 35% % 2% VA 2% 24% 5% % 25% Sale Sale 14% 13% 117,900 Republic Aviation Corp-----l 1 3,800 tReynolds Invest com. —1 1,700 Rheem Mfg Co_ * 600 Rice Stix Dry Goods Co 1 5,600 Richmond Radiator com Rio Grande Valley Gas Co— Voting trust etfs — 1 7,000 750 Rochester G & E 6% pfD__100 25 6% preferred C 100 Rochester Telephone Corp— 10 6%% 1st pref. 100 115 12 11% 300 Roeser & Pendleton Inc Rolls-Royce Ltd— Am dep rets ord reg £1 "2", 200 Rome Cable Corp common—.5 U % Sale 2% 1% -5 1,400 Roosevelt Field Inc Sale 3 1 3,600 Root Petroleum Co com 9 7% SI.20 conv preferred .20 500 Va % * 2,900 Rossia Internal Corp Royalite Oil Co Ltd— * 63 60 % 1*450 Royal Typewriter com * 3H 2.50 100 Russeks Fifth Ave Inc 14% 1 23,500 Rustless Iron & Steel Corp 46% 82.50 conv pref * 650 2H 2% ._* 1,300 Ryan Consol Petroleum 1% 8,700 Ryerson & Haynes Inc com—-1 Sale * 500 St Lawrence Corp Ltd Sale 15 A 82 conv. preferred...,.-.50 150 --5 ,3% Sale 36,600 St Regis Paper Co— Sale 7 %_ preferred.. 4,150 — —TOO Sale 1 7,255 Salt Dome Oil Co 1 1,100 Samson United Corp com—.1 39 Sanford Mills * 10 i 1% 5 300 Savoy Oil Co 12 * 2,100 Schiff Co com IVA 30 29 % 25 8,300 Scovill Mfg Co Scranton Elec $6 pref * 10,666 300 300 6,000 100 50 14,100 750 2,755 800 'loo 200 4,800 4% """310 20 23 Scran ton-Spring Brook Water Service 86 preferrek 50 1,900 Scullin Steel Co common .*) Warrants.. 7,000 "l'ioo 3,600 5% Sale % 104% Mb Sale 74,500 5,400 300 2,900 550 750 % 39 % 81,100 Segal Lock & Hardwardcom—1 * 10,100 Seibevling Rubber com * 550 Selby Shoe Co com .1 8,800 Selected Industries.. Convertible stock 5 1,300 % 8% 1,300 2,050 "3",200 26,666 25 85.50 prior stock Allotment certificates — 15 14 13% 11 38 37 1% 2% 2 25% 5 VA 2% Sale 2 2H Mb 18% 4% 1% 101*' 57 55 14"" Sale" Sale 45 VA 1H 2 Sale Sale 3 72 • 33* 1% IVs 66 1% k 39 % 13 14 29 7% S % 5% 1 1 Sentry Safety Control.. 100 Serrick Corp class B com 700 Seton Leather com 1% 2% 2% Sale 8 17,300 Shattuck Denn Mining...—5 1,400 Shawinigan Water & Power. .* 8,550 Sherwin-Williams Co com..-.25 11,300 1,000 4,450 340 90 5% cum pref A A A 850 Sherwin-Williams 100 of Can. ViSale i8% 18% Sale 94 5% 18% 92% Mb 18% 4% 1% Feb. 10 Feb. 28 Feb. 15 8 Feb. 16 6 10% Jan. 13 14 Feb; Jan. 25 9 8 37% 1% 2% 26% Jan. % Jan. 2% Feb. 24% Jan. Feb. 24 2 8 Feb. 21 35 1% Feb. 2% Feb. 24 21 26 Feb. 23 5% % 13% 6A Me 19% 5% 2% Feb. Feb. Feb. Feb. 8 Jan. 2 Jan. 20 8 5% Jan. % Jan. 13 Feb. Jan. 31 9 5% Jan. 12 Feb. Feb. Feb. Feb. 2 1 16 15 9 10 M? Jan. 9 1 28 20 18% Feb. 4% Feb. 1% Feb. 2 % Jan. 5 13 1 15 8 2 Jan. 10 6 Feb. 9 Jan. Jan. 9 22 Jan. 4 Jan. 8 101 Jan. M« Jan. 25 10 104% Feb. 1 104 Jan. 29 104 9 116% Feb. 9 116% Feb. 6% Mb 19% 5% Jan. Jan. 29 116% Feb. 9 29 14 Jan. 10% 1% 2% 7% Mb 1 Feb. Feb. 23 Feb. 16 Feb. 15 2 12 2% 3% 7% %6 Feb. Feb. Feb, Feb. 7 24 6 15 Feb. 24 10% 1% 2% 7% Mb 1 Feb. Jan. 18 Feb. 16 Jan. 29 Jan. 12 12% 2% 3% 7% Mb Jan. 2 Feb. 24 Feb. 6 Jan. 5 Feb. 24 62 59% 3% 13% 44% 1% 1% 3% 14% 2% Sale 3% 56% "Feb. 16 59% Feb. 9 56 Jan. 19 Jan. 5 Feb". 20 14% Feb. 9 22 3% Jan. 15% Jan. 30 13% 3% Jan. 13% Jan. 30 Sale 45 Feb. 1 43 Jan. 25 47 11 9 45% Feb. 2 Feb. 2 Feb. 3 1% Feb. 21 % 1% 3% 15 2% 57% 6% % 9 Feb. Jan. 12 Feb. 26 '1 31 i % 13% 30% 46 2% 1% Feb. Sale 1% Feb. 19 3% Feb. 26 15 FCb, 16 2% Feb. 20 •68% 66 4 15% Sale % Feb. 23 6% Feb. 21 % Feb. 26 1 5 3% Feb. 26 15 Feb. 16 3% Feb. ■5 2 72% Feb; ■ Feb. 9 Feb. 14 Feb. 1 1 14 Sale 3 *13% Feb. 28 28% Feb. Feb. 1 3 13% Feb. 26 30% Feb. 21 Jan. 2% Jan. 5 24 15 8 6 Jan. 4 27 45% Jan. 15 Jan. 17 Jan. Jan. 1 18 26 6 4% Jan. 12% Jan. 28% Feb. 2 Jan. Jan. 12 2 Jani Feb. 21 Feb. 26 4 Feb. 2 Jan. 3% Jan. 75% Jan. Jan. Jan. Jan. 1 Jan. 14 Jan. 31 Jan. 35 32 29 27 42% % Sale 42% 1% % 5% Sale 8 8% % 4% 53% 54% 7% Sale 18% Sale 26% Feb. 8 8% Feb. 14 109? Sale Sale 55 Sale 1% % 2% % Feb. 28 39% Feb. % Feb. 3 2 Sale 112 Sale 10 14 Sale 3 39% Feb. 1% Feb. 29 39 Jan. % Jan. 12 18 9 8% Feb. 21 7 Jan. 16 Feb. 28 10% Feb. 6 10 Feb. 28 % 4% 53% 53% Feb. 29 Feb. 19 Feb. 17 6 Feb. % Feb. 5% Feb. 55% Feb. 54% Feb. 2 % 4% 52% 52% Feb. 29 Feb. 19 4 Jan. 4 Jan. %t Feb. 21 2 Feb. 27 7 Feb. 6 7 5% Feb. 16% Feb. 29 10% % Feb. 28 % Jan. 11 Feb. Feb. 89 Sale 8 9% Feb. 1 24 7 91 113 Mi 26 10 5% 8% 5% Sale 15% Sale * Feb. 27 52 9 39 100 Eldorado .25 Pipe Line stamped* Silex Co (The) common— 9 28 16 % 2 7 Feb. 5% Feb. Feb. 10% Feb. % Feb. MB % Sale % % 1 h 9 * 2% Feb. 21 2 25% Feb. 1 5% Feb. 1 % Feb. 13 24% * % i* 8 16 27 16 12% Jan. Sale 11 Selfridge Prov Stores, Ltd— American dep rets reg £1 100 700 Feb. 37 14 8 % % Feb % Feb. Feb. 26 104% Feb. 101% 102 102% 8 54% 54 14 21 Feb. J* 2 3 20 3 24 18 26 17 12 112 28 Sale 54 1 Feb. Highest 8% Jan. % Feb. 13 6 16 14 9% 6 % 5 54% 51% 54 % Sale 2 16 10% Feb. % Feb. Feb. 116% Feb. 1 Sale % 18% 5% 115 Sale 5»/4. 8% % Sale Sale 6 10 o Mb 13 % Feb. 13 5% 3$. 4* 25% Sale 26 5% % 17% 10 % 24 Sale * 850 12% 101 115% % 9SA Feb. % Feb. 1 Sale Prices Sale Prices Feb. 9 117 Jan. 4 125 Jan. 5 149% Feb. 2 153 Sale Prices 36 1 49% 8% * 700 Securities Corp Gen'l com 500 Seeman Bros common """loo Sale 1% 1* Scranton Lace Co common— % Ms 19 % it* 36* Sale 6 " """700 Sale 11 110 10 10 A —* Common Ask 9 Sale Raymond Concrete Pile1,250 Lowest Highest Sale Prices Feb. 9 Sale 119% Feb. 29 125 Feb. 27 152 153 152 149% Feb. 2 152 13 Feb. 16 13 Feb 16 12% 13% 14 % Ask Bid 120 120 150 Lowest Feb. 29 Feb. 1 1940 Jan. 1 475 RANGE SINCE JAN. PRICES IN FEBRLARY Since 2,400 EXCHANGE YORK CURB AQQBEOATE SALES Feb. 21 Feb. 13 113% 112 10% Feb. 20 11% 13 9 % Feb. 2 Feb. 27 2 7% 6% 18% 92% 112% 10% 8 Feb. Feb. 21 2 Feb. 1 Feb. Feb. 10 Feb. 13 Mb Jan. 5 2 Feb. 27 7' Feb. 6 7 5% Feb. 16% Feb. 29 Feb. 21 111% Jan. 10% Jan. 25 2 89 2 Feb. 26 45% Jan. 9% Feb. 15 8 Jan. 2 9 % Jan. 3 39% Feb. 1% Jan. 29 if* 6)1 65* Jan. Jan. 5 16 Jan. Jan. Feb. 2 Jan. 24 % Jan. 12 27 Feb. 2 7% 6% 18% 96% 114% 10% 5 9 Feb. 8 Feb. 21 Jan. 31 Jan, 5 Jan. 10 Jan. 30 Shreveport """566 Simmons-Boardman 200 * 4,200 Simmons H'ware & Paint Co..* 1 800 Simplicity Pattern Co— 100 650 SingerMfg Co.. Singer Mfg Ltd— Am dep rets ord reg shs—_£1 Sioux City G & E 7% pref. 100 10 IO Skinner Organ Co common—5 Smith (Howard) Paper Mills.* 1 1.200 Solar Mfg Co 10,600 Sonotone Corp 1,700 Soss Mfg Co 1 1,100 South Coast Corp com "2",300 800 240 """400 "■"606 6,000 500 600 1 1 1 1 ( 1 1 1 2% 1 Sale 4% 4% 2% 30% Sale 30% 29% 44 % 45% 1% 84 """166 162 "'"166 600 Southern Phosphate Co 5,600 Southern Pipe Line. 5,900 Southern Union Gas com Preferred A 525 250 3,200 9,700 1,200 3,500 3,000 2,300 900 1,400 660 290 400 '""600 700 100 Ml 100 M 7,900 2,800 1,150 3,500 10 10 * 74* 170 2 2% 15% 34 Jan. 18 21 19 Jan. 5 25 2% 2% Sale T* ;i% 21% Spalding (A G) & Bros Inc 1 5% 1st preferred * Spanish & General Corp Ltd Am dep rets ord reg shs.._£l Spencer Shoe Corp * Stahl-Meyer Inc com * Standard Brewing Co .-* Standard Cap & Sea! com 1 2% ...10 1% Feb. 1% Feb. 148% Feb. VA Sale 1% Feb. VA VA 1% Feb. Feb. 143% 145% 143 15% Jan. 29 Jan. 8 13 2 10 3 19 1% Jan. 1% Feb. 1% Jan. 1% Feb. 155 Feb. 143 Jan. 13 8 2% 2 "T" 1% 1% 4% 2% 29% 28% 1% 55 Sale 29 75* Sale 6 2% 23 a VA Sale 12 Mil Sale 2% 1M 14* 2% % Sale 19 H Sale "5% 41 % 23% 2% 12% 1% Sale 25 3 13% Sale 4% 29% 43% 1% 65 167 6 6% 2% 17% 5% 15^ Sal* Sale VA 12% 2% 13% 9% Sale 8 Feb. 1 Feb. Feb. 28 Feb. 14 1 Feb. 30 29 Feb. 5 45% 1% 45 Feb. 27 4% Sale 72 172 6% I* 19% 5% 39% Sale 32 34% 3 2% 14% 14% "VA Sale" 15% 20% % Feb. 21 1% 1 % 4% 1% 29% 2 30 1% 21% % V* Sale a 2% Sale 169 5% 5% 2% % Sale 46 43 164 "4% "5% 10 preferred Sale 1% 25 Southland Royalty Co. South Penn Oil So West Pa Pine Lines Conv VA 1% "~l" 1% 100 7% preferred 500 14% 103 % South New Engl Telep Co.. 100 2,700 1,700 2 154 152 100 120 lh VA 1% 6,500 Sou Calif Edison 6% pref B. .25 5% % p^f class O 25 5,600 5% original pref.. 25 360 1,400 Southern Colo Power cl A—25 3,600 3,400 15 14 Pub Corp conv pref 1% Feb. 167 Feb. 6% 5% 2% 18% 5% 6 Feb. 10 2 Feb. 9 Feb. Feb. 27 2 Feb. Feb. 2% Feb. 13% Feb. 1% Feb. % Feb. 21 15 3 2 1% Jan. 1% Jan. 13 1 4 Jan. 5 Feb. Feb. Feb. Feb. 6 8 2 1 3 30% Feb. 28 29% Feb. 26 45% Feb. 27 6 1% Feb. 17 167 39% Feb. 28 25 % Feb. 21 1% 1% 4% 2% Feb. 6% Feb. 17 1 7% Feb. 26 Feb. 14 19% Feb. 5% Feb. 42% Feb. 13 Feb. 24 2% Feb. 15 Feb. 5 3 35 2 2 16 1% Feb. 29 3 % Feb. 29% Jan. 28% Jan. 1% Feb. 167 Sale* 15 Sale 20% Feb. 23 Feb. 1 15% Feb. 21% Feb. - Feb. 6% 4% 2% 14% 5% 39% Feb. Jan. Jan. Jan. Jan. Feb. 22 Jan. 2% Jan. Jan. Jan. Feb. Jan. 3 2 1 6 31 30% Jan. 30 3 29% Feb. 26 2 46 Jan. 2 Jan. 3 17 167 Feb. 17 6 22 3 6% Jan. 23 7% Feb. 26 4 3 10 Jan, 8 13 19% Feb. 5% Jan. 13 13 28 44 Jan. 10 3 35 Jan. 2 15 Mb Jan. 1% Feb. 2 Mi Jan. 2 1% Jan. 16 2 Jan. 4 % Jan. 23 9 15% Feb. 21% Jan. 8 12 2 1% Jan. 45 14 % Feb. 21 1% 1% 4% 2% 5 1 Jan. 4 % Jan. 23 3 Feb. 24 2% Jan. 11 Feb. 16 9 14 Jan. 2 2 19% Jan. 2 l%?Jan. 3 2% Feb. 9 12%fJan. 23 lSM.Feb. 14 "i Jan. 25 10%*Feb. 26 20%i-Feb. 15 Standard Dredging Corp— 200 100 400 1,000 6,700 3,900 375 1,700 400 < $1.60 conv preferred .20 450 1,350 Stand Invest $5Mi preferred..* 10 16,800 Standard Oil (Kentucky) 25 7,300 Standard Oil (Ohio) com.. 5% preferred 100 625 1 9,000 Standard Power & Lt com Class B common ._* 1,200 600 100 800 3,800 2,500 2 Common 87 preferred 4,900 Standard Products Co 14,400 Standard Silver Lead 6,300 Standard Steel Spring Co 300 100 For footnotes see page 53. i* Sale Sale 108% Sale Mb % 9% 20% 30 29 109 % % Sale Sale Sale * ..1 1 5 1 800 Standard Tube class B Standard Wholesale Phosphate & Acid Works ....20 100 / 12% Sale 9% 40 1% Sale Sale 1% 9% 9% */& Sale 34 Sale 1% Sale 20% Feb. 1 29 Feb. 5 109 Feb. 1 9 2% Feb. 13% Feb. 14 10% Feb. 26 20% Feb. 15 30% Feb. 19 110 Feb. 21 1 % Feb. % Feb. 29 %*Jan. % Feb. 19 1 22%|Jan. 8%|Feb. 9 2% Feb. 12% Feb. 20 9% Feb. 2 14 24 Feb. 8% % 33% 1% Feb. 28 Feb. 15 Feb. 24 1 Feb. 21 Feb. 29 % Feb. Feb. 14 *9% Feb. Mb Feb. 8 37% Feb. 13 24 20 Jan. 3 29 Jan. 24 108%?Jan. 19 19 'A 2 Feb. 21 Jan. 3 Jan. £ Jan. 27% 10 11 28 10 Jan. 19 8 Mb* Jan. 15 33%lFeb. 24 40%jJan. l%*Feb. 3 % if Jan. 1 1 Feb. 29 21 - 32%fJan, 12 110 20 %|Jan. 8 1% Feb. 21 ~ Jan. 22 Feb. 29 _ 21 8 Feb. 29 March, 1940] new york curb exchange 49 AGGREGATE SALES PRICES IN FEBRLARY new york curb exchange Since Jan. 1 Shares STOCKS (Continued) 9,200 Starrett (The) Corp vtc Par Bid 1 Ask Sale 12 135* 13 5% 2d preferred 350 Stetson (John B) Co com 1,400 Stlnnes (Hugo) Corp 800 Stroock (S) & Co Inc 2,400 Sulli van Machinery Co 1,000 Sun Ray Drug Co com 12,000 Sunray Oil 4 Sale 35 Sale 1 6 1 35 7% preferred A 10 y IX H 36 35A 365* 34 6A 6A 7A II * ... 95* A 63 A 14,800 United Corp warrants 400 United Elastic Corp 103,700 United Gas common $7 1st non-voting pref... 11,100 Warrants 9,300 100 United G & E 7% pref 100 * 40,100 United Lt & Power com A.. * Common class B.. 9,700 * $0 1st pref 70.300 * * United Molasses Co Ltd— Am dep rets for ord reg._ 10 A 33 A 14 15* 64 5* Sale Sale ?t Sale 1y 5,300 U S & Internat Sec com 1st preferred with warr 4,415 56,300 U S Lines Inc pref 11,100 U S Plywood Co common $1.50 conv pref 5,550 1,800 U S Radiator common 600 U S Rubber Reclaiming 400 U S Stores Corp com $7 conv 1st pref 30 com Universal Consol Oil Co Universal Cooler class A Class B Universal Corp v t c 15* 2 115* 12 A 2 A 3y 17 A Sale 'At 25 .1 6A Sale 135* 14 59 61 5A 11* 60 % Sale 1H 935* a Sale Sale Sale 20 1 ♦ 50c * 85 1 2,800 Walker Mining 300 Wayne Knitting Mills 4,600 Wellington Oil Co common a 1 ** Sale 55* VA A A 83 A Sale A 5A 4 4A 4A A 81A Sale 4A Sale 7 "'A '"'A 3A 22 30 1A 2A Sale Sale* ^ Sal^ Sale 63 Sale Sale 35* 35* 215* Sale Sale 29 Sale 2 Sale 2A 3A 2A 2A 2$ Sale^ 13 4 1 8** 1A Sale Sale 62 1 9 8 13 1 Sale 98** Sale 88 Sale Sale Sale 55* 145* 5A 2A Sale 185* 9** "15* Sale" 615* 62** 1 52 A 1$ 1A Sale 18*4 VA Sale iA 18 i y 19** 25 26 ia 72 10** 4A 5A iy 75 Sale 1 M n H 1** Sale 17*| 1 73 Sale 43 43** Sale Sale 65* Sale Sale 1 ** 4 16*| 62 1 54 1A 155* 67 69 10 10** 10** 55 5 45* 65* 7 71 VA 3' VA 4A 15* 35* 5* i iy 1 13** 25* 15 3y 2** 45* 1 14 ilm 3 35* Sale 2 25* y 55* Jan. 9 13 Jan. 9 31 95* Jan. 19 45* Jan. Jan. 10 Jan. 16 Feb. 7 Feb. 27 Feb. 23 Jan. 2 Jan. 2 29 365* Jan. 23 6 Jan. Feb. Feb. 8 4 1135* Feb. 13 Feb. 26 9 105* Jan. 20 70 Feb. 1 645a Jan. 1055* Jan. 3 35* 5* 5* 15* 125* 35* Feb. Feb. Feb. Feb. Feb. Feb. Feb. 18 105* 395* 3** 75* Feb. 21 Feb. 21 Feb. Feb. 16 14 45* Feb. 16 24 1 14 24 19 1 29 28 Feb. 2 Feb. 24 Feb. 20 6 Feb. Feb. 29 9 195* Feb. J* 15* 135* 3 A 70 Feb. 27 5 242 5* 715* 435* 4** Feb. 17 55* Feb. 29 243 5* 5 Feb. 15* Feb. 29 825* 5 44 Feb. 1 Feb. 55* 55* Feb. 2 7 1 Feb. & Feb. 23 62 Feb. 3 26 Feb. Feb. 28 275* Feb. 28 15* Feb. 20 2 2** Feb. 5* Feb. 15 21 ** Feb. 13 25* Feb. 1 Feb. 1 185* Feb. 8 95* Feb. 165* Feb. 15* Feb. 2 6 615* Feb. 6 15* 1 ** 57 1$ 165* Sale Sale Sale Sale 75* 75* 5* 66** 6 Feb. 27 Feb. 23 Feb. 20 Feb. 19 5 Feb. Feb. 14 9 Feb. Feb. 20 Feb. 15 Feb. 10 Feb. 29 Feb. 19 23** Feb. 305* Feb. 8 2 Feb. 9 1 25* Feb. 23 5* Feb. 15 1 iy Feb. 27 1 Feb. 6 1 535* Feb. 6 5* Feb. 1 15* Feb. 155* Feb. 26 15* Feb. 17 5 Feb. 15 265* Feb. 3 1 5* Feb. 25* Feb. 13 45* Feb. 8 Feb. 27 Feb. 9 185* Feb. 13 15* Feb. 24 625* Feb. 19 11 15* Feb. 27 1 Feb. 6 Feb. 21 6 5* Feb. 2 15* Feb. 5 185* Feb. 9 1 Jan. 9 26 59 Jan. 26 20 5 Jan. 31 105* Jan. 20 112 Jan. At Jan. 1 Jan. 25* Feb. At Jan. z85* Jan. 71 66 14 10 11** 105* Feb. 2 115* Feb. Feb. 28 Feb. 28 55* Feb. 45* Sale 2 7 1** 25* 2 Feb. 17 5 35* Feb. 6 1 Feb. 145* Feb. 3 Feb. 5 6 1075* Feb. 19 3 115 Jan. 22 5* Jan. 31 15* Dan. 29 2 23 3 5* Dan. At Jan. z85* Jan. 19 31 5* Feb. 24 15* Feb. 19 12 Jan. 4 35* 175* 645* 55* Feb. Jan. 29 Jan. Jan. 18 12 2 15 7 3 31 105* Jan. 3 395* Feb. 21 35* Jan. 20 8 .? Jan. 11 45* Jan. 15* Jan. 2 11 1 Jan. 5 15* Jan. 10 135* Feb. 6 35* Feb. 29 195* Feb. 9 64 5*'Jan. 18 75*|Feb. 24 Jan. 18 Feb. Jan. 22 Jan. 1 At Feb. 5* Jan. 11 Jan. 65* Jan. 24 15* Feb. 29 9, I 8 29 4 9 Jan. 3 Feb. 14 25* Jan. 4 925* Jan. 15 101 8 5* Feb. Jan. Jan. 26 83 Jan. 11 15* Jan. Jan. 3 3 8 Jan. Feb. 27 Jan. 22 8 5* Feb. 5* Feb. 28 295* Jan. 31 24 Jan. 3 70 Feb. 27 45* Jan. 240 Jan. 10 89 313 24 70 Jan. 3 3 55* Feb. 23 25 2435* Feb. 20 8 5* Jan. 715* Feb. 29 15* Feb. 19 835* Jan. 2 43 Jan. 9 44 Feb. 14 4 Jan. 5 55* Feb. 9 45* Jan. 65* Jan. 5* Jan. 2 75* Feb. 20 75* Feb. 15 5* Feb. 10 61 Jan. 3 195* 275* 15* 2 5* At 3 2 Feb. 29 Jan. 5 Jan. Jan. Feb. 15 Feb. Feb. Feb. Jan. 19 8 Jan. 12 20 2 Feb. Jan. 27 Jan. Jan. 13 Jan. 3 Jan. Jan. 3 5* Jan. 3 3 25* Feb. 8 Jan. Jan. Feb. 4 3 24 6 Jan. 22 Feb. 6 15* Feb. 27 1 Jan. 5 Jan. 17 12 Jan. 17 25 1 9 6 12 11 175* Jan. 85* 165* 15* 615* 9 23 Jan. Jan. 24 5* Jan. 23 13 Jan. ,25 Jan. 15 45* Feb. 8 23 11 18 Feb. 13 1 Feb. 66 Jan. 24 8 Feb. Feb. 27 9 15* Feb. 27 15* Jan. 55 Jan. 24 At Jan. 15* Jan. 205* Jan. 11 8 9 3 15* Feb. 21 225* Feb. 20 285* Feb. 7 Jan. 11 Feb. 14 Feb. 10 76 Jan. 8 9 95* Jan. 30 115* Feb. 9 9 45* Jan. 55* Jan. 15 4 55* Jan. 9 Feb. 29 7 Feb. 29 Feb. Feb. 15* Jan. 35* Feb. 18 6 2 Jan. Jan. 11 1 Feb. 17 Feb. 24 Jan. 11 145* Jan. 12 90 4 Jan. 354 Feb. 14 5* Feb. 24 15 Feb. Feb. Feb. 70 1 85*' Feb. 315* Jan. 26 25* Feb. 29 75* Feb. 10 54 Feb. 21 22 Feb. reo. 20 7 285* Feb. 5 15* Feb. At Feb. 13 69 Feb. 26 2 25* Jan. 235* Feb. 29 125* Feb. 21 Jan. 8 23 9 5* Jan. 5 105* 18 Sale 70 6 45* Jan. 60 1 'A» Feb. 5* Feb. 15 5* Feb. 24 5* Feb. 10 9 65* Feb. 8** Feb. 14 15* Feb. 29 1 15* Feb. 975* Feb. 28 101 Feb. 5 8 5* Feb. 5 'At Feb. 8 875* Feb. 8 875* Feb. 8 5* Feb. 1 15* Feb. 5* Feb. 28 8 5* Feb. 30 Feb. 1 38 Feb. 27 At 13 15 18 Feb. 1 Feb. 2 Feb. Feb. 29 Feb. 10 H 5 2 1 85* 315* 25* 75* 3 12 5 Feb. ■27 6 Feb. At Jan. 5* Jan. 125* Jan. 1105* Jan. 25* Feb. 33 Feb. 26 25 Sale 1** Sale 62 1 V* A At 25* Sale 13** 145* 4 5** 15* 2 19 26** 1 5* 16** 25** a 28** Sale 215* 85* 13 z65* Jan. 45* Feb. 24 At Sale 663* Sale 4** Sale 1** 20** 265* 1** 55* 6 iy 53 ** Sale 55* Sale 15* 25* At 22 Jan. 65 Sale Sale 9 242 1 21 J* Jan. 2 Jan. 145* Feb. 29 6% 36 21 125* Feb. 45* 11 Feb. 45* 5* 105* 105* 13 29 13** Sale 60 5* ** 75* 1** 97** 5* 83** % 5* 365* 365* Jan. 34 16 20 75* Feb. 24 1 ♦ 1 2** Feb. 13 5 18** Feb. 3 115* Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 55* Feb. 5 1 .5 2 5** 355* 5* At 165* 1135* 25* 23** 125* Sale 75 ...» Class B 7 70 1 * 100 ♦ .♦ Feb. 75* Feb. 23 2 107"** Feb. 19 1065* Feb, 1145* Feb. 10 115 Feb. 26 A* 5* Feb.. 13 A Feb. 13 1 " Feb. 1 *15* Feb. 20 25* Feb. 23 7 35* Feb. 7 At Feb. ** Feb. 14 7 85* Feb. 7 8** Feb. Sale 185* 78 650 Universal Products Co. 8.500 Utah Idaho Sugar Co 1,700 Utah Pr & Lt $7 pref 1,400 Wagner Baking com vtc 7% preferred """300 Wahl (The) Co common 1,000 Waitt & Bond Inc class A 113 65 ib 68 78 3 2,400 Waco Airfraft Co— 8 57 i* 68 18 2,100 Van Norman Mach Tool com.5 1 36,500 Venezuelan Petroleum Rights 77,800 610 Virginia Pub Serv 7% pref .100 * 2,100 Vogt Mfg Corp ii 26 * 1 5 1 29 1 Sale 23 * 10c 1,500 Utility Equities common $5.50 priority stock 1 1,325 5 1,200 Utility & Ind Corp com Conv preferred 7 6,500 4,850 tUtil Power & Lt 7% pref—100 23 26 17 Feb. Jan. Feb. Jan. Jan. 15* .Jan. 335* Feb. 4** 5* 95* 95* 105* . 26 2 10 * 'At 23** 1 6,600 Valspar Corp common $4 conv pref 725 88 Sale A 50c 5 109 30 61 1 Feb. 14 iy 34 A Sale 22 245* 8 com IV* 65 1A Sale 98** Sale At 'A 700 Universal Insurance 1,900 Universal Pictures com 100 Utah Radio Products Sale A Sale A A lH y 5 * Feb. Feb. 1 115 35* 28 5 5 67 18 Feb. 10 Feb. 13 Feb. 7 Feb. 27 59 1A 100 * Sale 9** 9** 37 35** 25* Sale 75* 75* i*8' Feb, ** Feb. 20 5* Feb. 20 1 145* Feb. Sale 8 A Sale 31A 32y 3 35* 7A 7A 18 12 19 15* Feb. 33 VA lx: l'A tS 10* 1A 1A VA 12 A Sale 2A 3A Jan. 35* Feb. 1 19 2 45* ** 10** 105* Feb. Feb. Sale 114 A 2 23 Feb. 35* Feb. 14** 115* 35* 2 9 3y Sale 9 Sale Feb. 75* Feb. 23 15 63 108 1 Feb. 8 35A Feb. Sale 4 36 17 23 15 34 1 A 29 Feb. 55* Jan. 15* Jan. 2** Jan. 75* Feb. 23 Feb. 3A 8A Jan. Jan. 8 13 At /At a 33 17 35 4A \K 4 26 Feb. Mpeb- 4A 14 16 Feb. Feb. 10 Sale 33 Sale 36 8 15* Jan. 5 Feb. 20 145* Jan. 2 45* Feb. 16 62 12 ... 7 56 a 18 Feb. Jan. 20 12 12** Feb. 34 12s 11A Jan. 62 2 13 A 2A n„% 70 1 20 56 4H 4,400 United Profit Sharing com. 25c .25 13,300 United Shoe Mach com common 4** Feb. ** Feb. 95* Feb. Sale 36 15*| 113 A At a\At 1 5* Sale 3*3 35* A Sale 8 9A 10c ♦ 4A 1 Feb. 10 A 10 A At 60 Sale 4A 25 Union Stock Yds of Omaha- 100 —1 10,100 United Aircraft Prod Preferred 5,600 United Specialties common. 16 Sale H 880 15* Feb. 25* Feb. Sale .10 70 United N J RR & Canal 1A 2A 115* 15* „* $3 preferred 2 20 __1 com. Feb. 1 200 Union Investment Co com. 75 United Milk Products 6 5 * 4,000 Union Premier Food Stores United Chemicals Inc— Common 1,900 300 $3 cum partic pref 79,400 Un Cigar-Whelan Stores Sale Sale 5* 1105* * Series B pref 300 1,100 Unexcelled Mfg Co Inc Union Gas of Canada 1,000 10 13 32 Sale 17 A 9 38 345* Sale 26 15* Feb. 145* Feb. 45* Feb. 62 15 Feb. Feb. Sale 25,200 Udylite Corp 1,100 J Glen & Co series A pref— • A Sale 10 A 12 A VA 4** Feb. 8 Sale 1A 27 36 2 5s * 100 -.100 Toledo Edison 6% pref For footnotes see page 53 7A 2A Sale 100 Common 7,000 Class A 1 3,500 1,900 Tung Sol Lamp Works com..l 80-cent dlv pref 1,400 ♦ 100 45* 39 8A o • 200 Trunz Pork Stores Inc Tubize Chatillon Corp— 17,100 4 34 IH 335* 5* * Am dep rets def reg Todd Shipyards Corp 2,300 United Stores Corp 24,000 United Wall Paper 9 40A Tobacco Secur Trust Co Ltd— Am dep rets ord reg shs £1 66.200 U S Foil class B 950 U S Graphite Co 20 Feb. 3 A Sale 65* 7,300 Trans-Lux Pict Screen com.-l 7,400 Transwestern Oil Co 10 6,600 Tri-Continencal Corp warr 25 Feb. Feb. 14 Sale 9A 9A 9% 105* 125* 33 1 600 Tonopah Mining of Nev. 1,000 ji Highest Sale Prices 1 62 55* 2A Lowest Sale Prices 13 A 4A 5A 2 Highest Sale Prices 63 13 300 Tobacco & Allied Stocks 90 y 9H 95* 345* 15 5,300 Tobacco Prod Exports 200 6 2 2h 2 10,600 Thew Shovel Co common 4,500 rilo Roofing Inc 500 Tishman Realty & Oonstr , ; 35* Lowest 12 15* 1 Sale Prices 1 58 15 common 6,700 Taggart Corp com—... 4,300 Tampa Electric Co 300 Tagtyeast Inc class A 3,500 Taylor Distilling Co 49,100 Technicolor Inc common 220 Texas P & L 7% pref 3,900 Texon Oil & Land Co.. * 55* 15* 25* 11 .... 2,600 Swan-Finch Oil Corp "l~425 1A Sale Ask 4A * 55*% conv preferred 50 2,100 Superior Oil Co of Calif 25 Superior Portl Cement A— 400 Ask Bid 7 5 950 Class B Feb. 29 20 5,000 Sterling Aluminum Prod 2,100 Sterling Brewers Inc. 4,500 Sterling Inc 25 Feb. 1 * - (A) & Co com—* * 4,600 Sterchi Bros Stores Inc. 125 6% 1st preferred..-....-.50 100 Bid 1 25 Steel Co of Canada ord 600 Stein RANGE SINCE JAN. Price Jan. 2 1940 17 24 15* Feb. 24 7 145* Feb. 35* Feb. 19 66 1 1 3 Jan. 15 11 15* Jan. 3 % Feb. 13 4 15* Feb. 24 145* Feb. 7 4 Jan. 22 NEW 50 YORK CURB EXCHANGE AGGREGATE February Jan. 1 „ Jan. 2 EXCHANGE CURB l,900j 3,600 50 STOCKS (Concluded) Western Maryland 210 90 Feb. 1940 Par 5,800 Wentworth Mfg Co —1-25 1 8,500, Western Air Express Corp 150 Western Grocery com 20 % 1 Price NEW YORK Since $ RANGE SINCE JAN. PRICES IN FEBRLARY SALES In Bid 1% 4% Ask Bid 1 % 434 1% 5 Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Feb. 29 1 Ask Bid 1 1 Sale Ask . 433 533 133 Sale 634 134 Feb 433 Feb. 6 14 1 % Feb 17 4% Feb. 21 134 Jan. 434 Jan. 31 12 Jan. 3 534 Jan. 6 Feb. 26 6 Feb. 26 6 Jan. 11 6 3 11 55 Ry— 55 100 7% 1st preferred Sale 2 Jan. Feb. 27 59 Feb. 16 55 Feb. 27 5934 Jan. 6 1734 Feb. 13 1734 Feb. 13 1434 Jan. 15 1734 Feb. 13 1033 Feb. 19 11 10 29 19 Jan. Jan. 1034 Jan. 1033 Feb. 1034 Feb. 19 Western Tablet & Stationery 15 750 Common 475 Westmoreland Coal Co. 375 Westmoreland Inc 200 "~l25 West TexasUtil 250 160 $6 preferred 300 1,100 100 100 1,900 75 -. 10 1034 933 * 100 9933 101 2 134 iys 8 633 734 6 533 534 634 634 633 134 133 1% 8 9 834 11 10 1034 .10 2 4,200 Wolverine Port Cement 7,500 Wolverine Tube Co com 1 400 Woodley Petroleum Corp Woolworth (F W) Ltd— 5s * Am dep rets ord shs 4,300 60,100 Wrigbt-Uargreaves Ltd 1,400 23,900 1834 1133 1033 * * 234 634 534 634 1% 7% §£ 5 34 Sale 734 154 734 8 11 -11% 634 134 10 233 7 Sale Sale 2 8 1134 9 434 634 434 Sale 634 634 5 5 Sale 11% 633 11% 12% 634 Sale 10634 10934 434 Sale 433 634 Sale 634 5 533 5% 1234 1333 Sale 27 102 Feb. Feb. 23 3 Feb. 1 Feb. 1 Feb. Feb. 13 Feb. 3 Feb. 16 Feb. 234 734 634 634 134 933 11 Feb. Feb. Feb. Feb. Feb. Feb. Feb. 9634 134 634 534 634 134 734 Jan. Feb. Feb. Jan. Feb. Jan. Jan. 10 Jan. 102 Feb. 8 234 734 634 634 Jan. 19 Feb. 15 Feb. 1 2 Jan. 26 934 Feb. 113* Jan. 14 Feb. 19 8 3 1 Winnipeg Elec com cl B * 50 Wisconsin P & L 7% pref__100 1,300 3,100 17 18 Itier Co— 4,600 W Va Coal & Coke com—--- * 450 Weyenberg Shoe Mfg Co 1 10 3,200 Wichita River Oil Corp 100 Williams (R C) & Co * 900 Williams Oli-O-Matic Htg_--» * 3,100 Wilson Jones Co com. 875 Willson Products Inc... 1 2,300 16 17 13 Sale 6 10434 Jan. 433 Feb. 634 Feb. 433 Feb. 634 Feb. 1 26 4 34 Jan. 634 Jan. 5 Jan. 4 107 34 Jan. 4J4 Jan. 30 2 31 7 34 Jan. 4 2 534 Jan. 22 9 12 Feb. 8 12 34 Feb. Jan. 4 Feb. 23 634 Feb. 28 1 12 6 6 Feb. 23 654 Jan. 5 29 10334 Feb. Feb. 19 105 1 102 Feb. 26 29 103 34 Jan. 19 10534 Jan. 19 12h Feb. 28 BONDS— 107,000 7,000 39,000 31,000 91,000 1967 317,000 Alabama Power 434® 23.000 66,000 103,000 137,000 1956 1968 1946 1951 1st & ref 5s os_ 1st 5s 1st & ref os Sale 10334 Feb. 104 105 104 Feb. 104 10534 10734 Sale 107 10734 10634 Sale 10434 Sale 102 Sale 10233 Sale 104 105 34 10434 105 10634 Sale 10433 10533 104 108 10834 10734 10734 108 107 107 34 10434 10534 10433 Feb. Feb. Feb. 15 10634 Feb. Feb. 8 109 27 10734 Feb. 10434 Feb. Amer Gas & Elec deb 5s _-2028 9 Jan. 15 10634 Jan. 3 109 Feb. 28 10434 Feb. 27 10734 Jan. 15 104 Feb. 28 107 13 1 1951 5s registered 179",000 10234 10634 Jan. 2 10634 Jan. 19 11 American Power & Light— 2016 6s___: 101 I0i iol 102 Sale 10734 109 Sale 12733 12634 1,221,000 31". 600 48",000 50,000 143,000 38,000 1,000 75,000 521,000 86,000 205,000 50,000 1,000 201,000 1,571,000 Appalachian El Pow 4 34s-1948 4s 1963 Appalachian Power 6s.-2024 6s A registered 2024 Arkansas Pr & Lt 5s 196b Associated Elec 434s 1953 10734 10633 6033 Sale Sale 17,000 244,000 94,000 X*Assoc Gas & Elec 434s_-1948 ♦5s. 1968 1,618,000 ♦5s registered .1968 ♦4 34 s series C 1949 1,479-606 ♦4 34s registered 1949 ♦534s 1977 145",666 2534 2833 Sale 17 Sale 17 2634 Sale 16% 34 Sale 1834 28% Sale 17 7234 Sale 7134 6s registered American Seating 6s 2016 stpd-1946 "99" 161" Sale Sale 9933 460,000 33 34 102 9953 Feb. Sale" 10134 181",000 39",000 152,000 1,021,000 85.666 214",000 ♦Cony deb 5s 1950 ♦5s registered 1950 Assoc Tel & Tel 534s A—1955 534s A registered 1955 l"0",666 Atlanta Gas Light 434s—1955 67,000 Atlantic City Elec 334s—1964 28,000 Avery (B F) Sons 5s w w__1947 "9",000 23,000 20,000 11,000 29,000 5s Baldwin 122,000 32,000 572,000 483,000 187,000 147,000 1,000 520,000 330,000 77,000 134,000 91,000 102,000 79,000 48,000 137,000 265,000 437,000 126,000 203,000 149,000 177,000 332,000 640,000 254,000 235,000 62,000 110,000 193", 000 Works 1950 Locomotive ^Convertible 6s Bell Tel of Canada 5s B-..1957 Bethlehem Steel 6s 1960 1998 6s registered Birmingham Elec 434s Birmingham Gas'5s 1998 1968 1959 5s series O Broad River Power 5s A--1954 Canada Nor Power 5s 1953 Canadian Pacific Ry 6s—1942 Carolina Pr & Lt 5s 1956 Central Power 5s ser D—1957 Cent States Elec 5s. 1948 1954 534s_ Cent States Pr & Lt 5 His.-1953 Chicago 111 Midland Ry— 434 s series A 1956 18,000 Chicago Junction Rys & Union Stock Yards 5s__1940 41,000 216,000 jAChic Rys 5s ctfs of dep—1927 69,000 Cincinnati Street Ry 534S-1952 5,000 22,000 111,000 22,000 3,000 15,000 41,000 554",066 5 10634 Jan. Feb. 1 47 Feb. 19 6234 Jan. Feb. 28 Feb. 28 16 34 Feb. 3 30 Jan. 3 2 1434 Feb. 1434 Jan. 28 17 34 Feb. 11 2834 Jan. 3 2 1434 Jan. 11 2634 Jan. 2 27 107 55 19 14 34 15 Sale 15 17% 14 34 Sale 1434 Feb. 29 1634 Feb. 1 933 18 1534 16 Feb. 23 15 Feb. 28 1834 Feb. 17 34 Feb. 71 Feb. 28 75 1833 Sale Sale 10634 107 107 34 Sale 9734 98 93 9133 11634 11733 11533 Sale 11634 117 1434 , 71 1 534 1633 1533 Sale 14 34 10833 10633 Feb. 108 Sale Sale 10733 Feb. 98 Feb. 93 Feb. 108 34 Feb. 2 100 34 Feb. 95 Feb. 29 21 97 Feb. 1 96 Feb. Sale 9734 Feb. 9534 Feb. 28 9534 Sale 1 10234 Feb. 10133 10233 10054 Feb. 8 Sale Sale Sale 9634 9634 10034 Sale Sale Sale 9934 7834 10633 9933 3834 Sale 9833 8234 10634 96 96 Feb. 26 9934 Sale 83 82 33 8034 Feb. 19 83 34 8134 1 107 106 34 Feb. Sale 10633 107 1 10034 99 Feb. Sale 10034 Sale 3234 Sale 3234 Feb. 29 3634 3634 3634 33 34 Feb. 29 33 34 Sale Sale 1 Sale 7634 7633 7434 Feb. Sale 99 Sale 35 34 3634 7433 Sale 7434 10433 10534 29 1 11334 Feb. 105 33 Feb. Feb. 10934 Feb. 26 114 11034 Feb. 27 11534 Feb. Feb. 6 151 144 34 Feb. 97% 9433 10034 38 21 107 34 100 34 95 Sale 81 8 107 141 Sale Sale Sale Feb. 107 34 Feb. 105 34 Sale 11134 Sale 110 Sale 11334 Sale Sale 11534 11634 111 148 151 14434 Sale 9654 _,0 104 34 10533 104 34 10534 104 34 Feb. 9 3 17 5 20 Feb. 5 Feb. Feb. 20 3 Feb. 24 Feb. 17 9 Feb. Feb. 10 2 105 34 Feb. 15 87 90 ----1966 77 79 7034 Sale 74 Sale 7034 Feb. 74 Feb. 21 68 Sale 7133 Sale 6733 Feb. 7234 Feb. 9 10033 46 33 Sale Sale 10034 4734 Feb. 16 Feb. 15 Jan. 6834 Jan. 3 3 9 127 Feb. 9 2 107 Jan. 15 8 3434 Jan. 2854 Jan. 17 75 Feb. 10634 10654 9534 9234 Jan. Jan. Jan. Jan. 10 10734 Feb. 2 10834 Feb. 95 Feb. 105 Jan. 8 21 2 3 10034 Feb. 29 15 29 23 120 Jan. 10934 Feb. 26 116 11034 Feb. 27 117 Jan. 9 Jan. 24 Jan. 2 151 Feb. 17 139 Jan. 29 139 Jan. 29 96 Jan. 21 9434 Jan. 10034 Jan. 2 141 96 8034 10634 9834 3234 33 34 7134 3 9834 Jan. 11 9934 Jan. 20 11 102 34 Feb. 20 Feb. 26 10054 Feb. 19 83 34 2 107 34 Jan. Jan. 31 10034 Feb. 29, 41 Feb. 29 4134 Jan. 12 7634 10 Jan. 25 16 Jan. Feb. Jan. Jan. Feb. 24 8 8 10 Jan. 8 10034 Feb. 26 10034 Jan. 2 10434 Feb. 2 106 Jan. Feb. 7 Jan. 17 85 Jan. 3 90 Feb. 21 90 Jan. 4 91 Feb. 14 70 Jan. 31 80 Jan. 8 6734 Jan. 30 7834 Jan. 8 66 7034 Feb. 31 19 77 34 Jan. 70 34 Feb. 19 66 Jan. 31 8234 Jan. 24 83 Jan. 24 7634 Jan. 92 34 Jan. 9234 Jan. 9534 Feb. 46 49 1966 1950 7634 Sale 1950 - 1958 5s 75" Sale 7433 9133 9234 9234 76 Sale 71"~ Sale' 66 Sale 7133 Sale 66 Feb. 1 83 34 8334 Sale Sale 85 Sale 83 Feb. 1 8534 Sale 83% Feb. 1 7134 Feb. 20 7034 Feb. 19 7134 Feb. 26 9 8834 Feb. 8 88 Feb. 1 '0634 Sale" Sale 1 6634 Feb. 7034 Feb. 19 Jan. 8 9 4 4 94 Feb. 9534 Feb. 9 91 Jan. 19 133 Feb. 16 133 Feb. 16 133 Feb. 16 13434 Jan. 9 24 12534 12734 12533 12633 12534 Feb. 27 127 94 Sale 132 140 131 126 34 129 34 Sale 137 94 34 133 Sale 138 Feb. 5 12534 Feb. 27 12734 Jan. 24 8 108J4 Feb. 10834 10834 10834 Feb. 10833 109 Feb. 10934 11034 10934 10933 10934 Feb. 27 110 17 Jan. 3 109 10734 Jan. 10934 Feb. 27 11034 Jan. 30 17 7834 Jan. 12 85 34 Feb. 17 16 88 Jan. 30 93 Jan. 10 5334 Jan. 11 Feb. 26 5834 Feb. 9634 Jan. Feb. Jan. Feb. Feb. 17 107 Consol GEL&P Bait— 1969 334 s series N 1971 10733 10734 10934 11034 1943 7934 Sale 1958 92 60 83,000 1958 1944 "13",006 Cudahy Packing Co 334S--1955 271,000 14,000 38,000 39,000 123,000 48,000 Delaware Elec Pow 534s-_1959 82,000 iDetroit Int. Bdge 6348--1952 ACtfs of deposit 70,000 A25-yr s f deb 7s. 1952 130,000 106 10634 533 634 7734 Sale 11034 Sale 8033 Sale "9", 000 & Fuel 4s A--1956 1965 190,000 Edison Elec Ilium 334s 2030 420,000 Elec Pow & Lt 6s 56,000 Elmira Wat Lt & RR 5s. .1956 5s registered 1956 1950 24^006 El Paso Elec 5s A 51,000 134,000 Empire Dist Elec 5s 71,000 20,000 161,000 53,000 213,000 513,000 443,000 14,000 Feb. 106 33 Feb. 47 Fob. Sale 10634 109 10633 Sale 9533 9434 9134 92% 3s series P 142,000 127 86 589,000 Community Pow & Lt 5s_-1957 1951 7,000 Conn Ltg & Pow 7s A 7s A registered 1951 15",000 Oonsol Gas of Bait 434s—1954 11,000 9 Feb. 51 Sale 16 T26 14 93 209,000 1,000 605,000 87,000 316,000 27,000 55 1 108 Feb. 10654 Feb. 10834 Jan . 30 11144Jan. Jan. Jan. 30 129 15 1 108 1 110 88 2,000 127,000 381,000 181,000 "3",000 10634 107 10633 107 13 Jan. 16 12634 Feb. 127 6 13 10234 Feb. 106 Feb. Feb. 10653 Feb. 10833 Feb. Sale Sale 27 10534 Jan. 9934 Jan. 3 127 34 Feb. Feb. 9 127 Sale 84 5s registered--1958 2,000 5s 1969 227,000 1,217,000 Cities Service P & L 534s_1952 534s gold deb ---1949 666,000 lb",660 125 1955 Conv deb 5s 5s registered 10734 10834 129 1 Sale 10034 10054 10034 Feb. 26 10034 Feb. 7 4734 Feb. 21 46 Sale 46* Feb. Sale 90 Feb. 21 2 87 33 8734 Feb. 9034 91 91 Feb. 14 8 90 34 Feb. 94 95 95 6s series B 112,000 Cities Service 5s. 5s registered 1,618", 660 3,037",000 274",000 1947 ex-warr Sale 11133 126 8 102 33 Feb. "13 Feb. " 111 Feb. 5 16 Consol Gas Utilities— 1,430,000 - 6s A stamped Continental G & El 5s 5s A registered--. Cuban Tobacco 5s 1,174,000 Eastern Gas 1952 96 -7% Sale 6133 Sale 8234 8834 Sale Sale 8433 9054 5734 60 Sale 55 34 Sale 6 6 1 106 33 6 34 94 106 34 554 533 54 7 1 7934 110 9434 Sale Sale 5 9 34 Sale 1 88 Feb. 1 85J4 Feb. 9234 Feb. 57 Feb. 10 58 34 Feb. 7 93 Feb. 26 10734 10434 Feb. 534 Feb. 6 34 534 Feb. 534 Sale 34 Feb. 53 33 8034 Sale 7834 Sale 11034 110 11034 110 7834 7834 Sale Sale 119 120 11834 119 7834 11834 10434 10534 10334 104 10434 10534 10534 106 104 Sale 10433 Sale . 8234 Feb. 9534 Feb. 2 17 10634 Feb. 2 634 Feb. 534 Feb. 26 6 9 % Feb. 26 3 Feb. 7 21 8i 34 Feb. 21 93 10434 534 534 34 7734 Jan. Feb. 5 11034 Feb. 2 110 Feb. Feb. Feb. 7934 Feb. 2 11934 Feb. 13 78 Jan. 10534 Feb. 10333 Feb. 1 18 Jan. 20 634 Feb. 26 9 6 Jan. 5 3 1 Jan. 8 2 8134 Feb. 21 5 112 27 Jan. 4 8334 Jan. 8 16 16 11734 Jan. 18 11934 Feb. 8 10534 Feb. 8 3 20 10434 Jan. 10334 Feb. 23 10534 Jan. 15 10434 Feb. 15 10534 Jan. 25 17 17 9 Ercole Marelli Elec Mfg— 634s 2,000 29,000 Erie Lighting 5s —.1953 1967 165,000 Federal Water Serv 534s_-1954 Finland Residential Mtge 6s stamped 1961 32,000 For foo+uotes see page 53 4334 109 99 2033 4933 111 Sale 2334 35 4833 43 109 34 109 54 10953 9634 28 Sale Sale 4933 109 Sale 9934 Sale 2653 40 4634 Jan. Feb. 10954 Feb. 24 9634 Feb. 9934 Feb. 28 2633 Feb. 31 Feb. 13 4634 Jan. Jan 15 10934 Jan. Jan. 29 2234 Jan. 3 109 96 9934 Feb. 28 31 Feb 13 a: March, 1940] new curb york AGGREGATE SALES In Since February Jan. 1 51 PRICES IN FEBRLARY Feb. Ask Bid bonds (Continued) a First Bohemian Glass 70-1957 98 M 104 743,000 1,000 5s 1 Feb . 29 Ask Bid Bid Lowest Ask Lowest Highest Sale Prices Sale Prices Highest Sale Prices Sale 100% Sale 101 Sale 100 Feb. Sale 104 M Bale 104 M Sale 104 Feb. Sale Prices 101% Feb. 20 104% Feb. 19 1954 registered-- 1 Jan. 2 1940 194,600 RANGE SINCE JAN. Price new york curb exchange $ 343,001) exchange 98% Jan. 103% Jan. 2 101% Feb. 20 104% Jan. 18 103 4 103 Jan. Jan. 4 Gary Electric & Gas— 36,00() 17,00( ) 87,00() 7,00( ) 128.00C) 97,000 5s ext stamped ..-1944 17,000 Gatineau Power 3 Ms A—1969 173,000 Gen Bronze conv deb 6s..1940 31,000 Gen Pub Serv Co 5s......1953 384,000 Gen Pub Utilities 6%s A..1956 4,000 iGen Rayon Ltd 6s A—.1948 129,000 Gen Wat Wks & El 5s A—1943 40"66() 252,00( 55,00( 597,000 Georgia Power ref 5a 108,000 Georgia Pow & Lt 5s mm 272I660 IO^OOC 1491600 4s 16,OOC " llooc 11666 5,000 7,000 5,000 10,000 35,000 17,000 13,000 69,000 31",000 61",660 5,000 11,000 28.000 133,000 76,000 35,000 — _ 98 M 98 M 81M Sale Sale 76 74 96 M Sale 106 M 66 M 17 Sale Sale Sale 71 Sale 88 100M 101 97 M Sale 101 83 74 96 M 106 IntPow Sec 6 Ms series O--1955 7s series E .1957 76 74 97 Sale Sale 107 Sale 68 M 18 Sale 75 % Sale 78 M 81 107 M 110% 72 M Sale 70 M Sale 60M "62" 47 50 40 43 38.M 50 30 15 M 102% 104 Sale 50 Sale 67 Sale 98M IOo SaleSale Sale Sale Sale 64 Sale 49 43 M Sale 44 46% 41M 14% 102% 101M 103 M 110M 5 68 68 108 M 40 69 69 M Sale 97% Sale 104 Sale 102 105,000 AMansfield Mining & Smelt— | 7s ex-warrants .--1941 13,000 9,000 18,000 38,000 24,000 44,000 Debenture 4mb lengel Co 4 Ms 52,000 72,000 62,000 89,000 191,000 311,000 20.666 881666 80,000 376,000 98,000 29,000 66,000 263,000 71,000 98 M 64 M 66 102 % 98 % 99 67 66 % Sale 65 77,000 55,000 6,000 13,000 --—1956 3,000 11,000 89,000 26,000 75,000 533,000 533,000 12,000 1 DebSMs— 17,000 9,000 54,000 73,000 64,000 24,000 5,000 91,000 177,000 73,000 ' 2030 .1981 "91666 1948 1950 5,000 17,000 I 24,000 , 5s stamped— A6s series A see 15 40 102 M Sale 103 M 104 M 107 M Sale 17 25 70 64 62 % 70 107 M 108 % 106 M Sale 4s 2004 I 1 page .1945 .1957 53. Feb. 5 107 105% Jan. 66% Jan. 2 5 24 10 Feb. 7 69% Feb. 16 30 1 70 Jan. 13 73% Jan. 2 87% Feb. 23 Jan. 31 87% Feb. 23 8 77 26 43 % 121 68 M 67 % 68 Sale 79M 81 105 Sale 7 Feb. 9 Feb. 3 Feb. 5 Feb. Feb. 29 70 Feb. 68M Feb. Feb. 2 123 Sale Sale 65 Sale Sale 109 Sale 15 23 13 7 107 M 106 M Feb. 2 14 72 Feb. 27 6 107 Feb. 19 42% Feb. 29 2 46% Feb. 44% Feb. 28 Feb. 27 64 Feb. 40 Feb. 27 44 Feb. 6 106% Feb. 105% Feb. Sale 16 106 51 104 106 4 42% Jan. 5 Feb. 7 Jan. 11 Jan. Jan. 3 3 Jan. 2 Feb. 23 15 3 Feb. 21 Jan. . 103 % 105% 101% 98% 65 75 4 71% Feb. 28 6 109% Feb. 15 26 100 Feb. 23 Jan, 25 105 3 Jan. 2 106% Jan. Jan. Jan. 15 103% Jan. Jan. Feb. 21 100 Jan. 31 14 73% Jan. 24 23 3 2 5 Jan. 5 64% Feb IV* Feb. 27 62% Jan. 31 72 6 109% Jan. 22 106% Feb. . 40 Jan. 43 Feb. 19 43% Jan. 49% Jan. 41 Jan. 31 Jan. 4 Jan. 3 3 12 3 5 3 68 27 51 Jan. 6 106% Jan. 105% Feb, 104 Jan. 24 105% Jan. 6 109% Jan. 107% Feb. 42% Jan. 31 48% Jan. 16 2 38 Jan. 20 41 Jan. 45 Jan. 17 51 Feb. 7 103% Jan. 5 105 Feb. 3 105 4 105% Feb. 3 Jan. 4 105% Jan. 24 106% Jan. 8 9 126% Feb. 102»3iFeb. 29 104% Feb. 16 106 Feb. 7 103% Feb. 10 125% 102% 103% 105% 103% 20|126% Feb. 9 107% Feb. 10 9 106 Feb. 67 107% Jan 97% Jan. 2 Feb. 3 Feb. 66% Jan 40 Feb. 9 Jan. Jan. Jan. Jan. Jan. 5 10225jjFeb. 29 22 104% Jan. 19 4 106 Feb. 7 3 103% Feb. 10 105% Jan. 5 107% Feb. 10 102% Jan. 104% Jan. 121102% Jan. 17 21 105 10 103% Feb. Jan. 3 106 30 108 2 Jan. 16 Jan. 11 ---. 103% Feb. '68% "70" 68 Sale 100 100 Sale 92% 107% 107 111 109% Sale 99% 66 M 65% 92 M 107 M 109 % 100 65 Feb. Feb. Sale Sale 109 34 94 M Sale 99 H Sale Feb. 103% Feb. 109% Feb. 92% Feb. 112% 107% Sale 80% 127 21 Feb. 6 93% Feb. 21 20 109 Feb. Feb. 28 110% Feb. Feb. 13 100 Feb. 7 Feb. 66% Feb. 101% Feb. 102% Feb. 98% Sale 111% Sale 106% 23% 21% 6 100 Feb. 29 106 % 106 M 106% Feb. Feb. 103 M 103% 103 104% 10 103% Feb. 15 70% Feb. 8 2 13 15 1 Sale Sale Sale 97 % Sale 109% 16 104 17 Feb. 6 3 104% Feb. 1 110% Feb. 1 95 Feb. 26 20 13 2 127% Feb. 27 1 110% Feb. 109% Feb. Feb. 106% Feb. 13 108 80% Feb. 29 82% Feb. Jan. . 102 64% 64% 95% 97% 109% 92 Feb. 2 15 16 Feb. 14 23 13 14 13 102 Feb. 2 102% Feb. 15 86% Feb. 29 Feb. 29 104% Feb. 2 106 Sale 105% Feb. 113% 114% 113% Feb. 104M 104M 105% 104% Feb. 106% Feb. 114% Feb. M Sale Sale 55 Feb. 14 106 Feb. 27 57 Feb. 23 26 5 Sale 9 102% 101% Feb. 105 Feb. 10 105% 3 46% Feb. 46% Sale 48% 106»»» 107 105% 105% 105% Feb. 21 106%6 104 105M 103 M 108 105% 106% 106 106% 105% Feb. 9 106% Feb. Feb. Feb. Feb. 9 7 Feb. 20 22 Jan. Jan. Jan. 78% Jan. Jan. Jan. 8 106% Feb. 11 104 Jan. 15 104% Feb. 22 110% Feb. 6 17 21% Feb. 27 124 16 Jan. 25 Jan. 19 2 Feb. Jan. 10 4 5 103% Feb. 27 6 106 70 Jan. 2'103% Feb. 20 27 106 Feb. 69 18101 Jan. 16 1 Feb. 68% Feb. 2 Feb. 68% Feb. Feb. 29 99% Feb. Feb. 29 100% Feb. Feb. 14 109% Feb. 5 141 70% Feb. 21 98% Feb. 111% Jan. 121 64 Jan. 103% Jan. 109% Jan. 108% Jan. 13 105M 105M 105% 106 65 13 9 10 104% Jan. 3. 93% 20,109% 108 Jan. 4,110% 99% Feb. 13:100% Feb. 105% Jan. 106% Feb. Feb. 62 99% Jan. 90% Jan. 107 1 123 Sale Jan. 100% Jan. 102% Jan 6 Feb. 99% Feb. 16 3 112% Feb. 29 Feb. 1 107% Feb. 23 Feb. 7 Feb. 27 23% Feb. Feb. 67 103% Feb. 20 2 103% Feb. 27 Feb. 47% 9 Jan. Feb. 7 15% Feb. 9 103 Feb. 3 103% Jan. 29 104% Feb. 29 Ill 9 Feb. 17 105 105% Feb. Feb. Sale 104% Feb. 29 106 Feb. 107 M 105 3 107% Feb. 107 100% 101M 101 102 Sale 102% Sale 84 85 M 86% Sale 104 Sale 104M 104% 104 45 50 15 40 104 M 57 101% 102M 102 15% 102% 101% 103% 108% Feb. 27 7 105% Feb. 103% Feb. Sale 62 35% Feb. 28 61 Feb. 125% Feb. 102% Feb. 102 % 84 M 55 4 16 3 105% Feb. 104%'Feb. 7 6 108 108% 107% Feb. Feb. 14 Sale 7 42% Feb. 45% Feb. 29 Sale Feb. 5 39% Feb. 10 41 - 106 23 67% Feb. 105% 106% £** 97 Feb. 14 48% Feb. 104 M 105 M 104% Feb. 105% Sale 105% Feb. 67% 67% 5 110% Feb. 64 M Feb. 62 M Feb. 71 50 121 19 Feb. 7 Sale 45 121% 64 % 64 % 64 % 97 M 99 M 104 7 7 61 Sale 13 Feb. Sale 99 M 15% Feb. 102% Feb. 101% Feb. 71% Feb. 28 63 100 93 M 109M Sale 100 M 66 M 9 15 109% Feb. 1 100 Feb. 4 105 -Feb. Sale ... Feb. 39% Feb. 75 1 81% 113 % 106% Sale 103 105 35M Feb. 28 19 108 M 40 50 Jan. 60M Feb. 50 Jan. 68 25 M 23 M 21% 126 128M 126% 128 109 %• Sale Sale 110 106 M 107 107% 109 105 112M 104 M 2 Feb. 103M 104 67 M 69 M 102 Feb. 42% Feb. Sale 102 M Feb. 43 Sale Sale 19 24 45 106 H Sale Feb. 29 105% Feb. 1 63 Jan. Sale 98 M 112 Sale Sale 19 108 Feb. 44 Sale Sale 107 % 107 26 24 M 121 124% 108 M 108M 105 M 107 M 79M Sale Feb. 104 Sale 104M 106 Sale 65 108 24 26 105 % 17 Feb. 19 29 105% Feb. 1 61% Feb. Feb. 47 % 16 77 19 108 Feb. Feb. 40 46 M 42 M 62 % 15 Feb. Feb. Feb. 70 75 Sale Sale Sale Sale 55 65 102 M 104 104 M Sale 46 48 I J IJ Feb. 19 Feb. 28 28 42 M 43 Sale Siile 103M 104 109 % Sale 92 M Sale 1942 102 M Sale --1949 4 Ms registered 1980 3 Ms--1964 r Y & Westchester Ltg 5s-'54 561666 J For footnotes 41 5s....1948 98% Sale 1954 100 M Sale 247,000 1 59,000 160,000 129,000 47,000 14,000 45% 38 107 M 108 M 1,000 "5", 000 Conv deb 5s few Engl Pow Assn 89 13 100% Jan. 29 75 Jan. 16 98% Jan. Feb. 10 106 % 103 % 1955 19,000 , 72% Feb. 4 22 102 Feb. Feb. Sale Sale 1978 1st & ref 5s 5s 70 16 66 106 103 103 M 110 96 1978 4%s registered 12.000 245,000 472,000 Feb. 69% Feb. Sale 102 M Sale 101% Sale 102 M 102 M 103 % Sale 20,000 477.0003 107 105% Feb. 66M Feb. 98% Feb. 107 M 108 M 107 42 43 45 M 40 38 M 41 48 111M 107,000 141,000 248,000 201,000 96 Sale 108 M 110 99 M 189",000 2 1 Sale Sale 1967 .1960 14,000 204,000 Feb. 16 20 100 M 102 M 4Mb- 97 Feb. 3 103 Feb. 21 99% Feb. lilwaukee G L 4mb linn Pow & Lt4%s 1947 1971 1965 67,000 100,000 29,000 441,000 45,000 96 101 % Feb. fiddle Sts Petrol 6 Ms A—1945 lidlahd Valley RR 5s—1943 Deb 5s series B 95% Jan. 97% Jan. 74% Jan. Sale 99M 91% 106% 110M 99% 236,000 9 106% Feb. 98 100M 86 M 90% 107 M 109 M 108 110M 100 % Sale 67 M Sale 4s series G Jan. 28 106 40 % Sale 105 % 106 K 106 106 J104 M 105 M 106 107 \ 66 let Edison 4s series E 81 Feb. Feb. Sale 48% 105% Sale 105 M 106 M 104% 105 M 191,000 213,000 180,000 99 M 104% 106 9,000 19 99 108 M Feb. 97 M Feb. 103 M Feb. 1966 105% 106M 270,000 270,000,Louisiana Pow & Lt 5s—-1957 28,000 71M Sale 108M 3M% series A- 221666 23.000 Sale 1948 1955 103M 103% iLeonard Tietz Inc 7M0--1946 40,000 73 6%s series D 5Ms series F-. - "3,666 Feb. 25 106 M 106% 108 125M 126 M 125 M Sale 1Q2 M Sale 1022*8jSale 104 Sale 104 M Sale 105 M 106 M 105% 106 103M 103% 103% 104 30I660 11,000 11,000 5 Sale 105 M Sale Sale 36 M TTO 105 M 106 M 125 M 127 102 M Sale 104 Sale 105 M 105 M Hydro-Electric 7s.-1952 1963 Italian Superpower 6s 65 % 35 M 25 24,000 Kansas Electric Pow 3 Ms. 1966 6,000 Kansas Gas & Electric 6s..2022 107,000 Kentucky Utilities 5s__—1969 5s 1961 101,000 33,006 89 8 102 15 M 50 50 30 20 15M 102 M 103 103 102% 102 % 101M 102% 104 M 103 M 104 M 104 H2 108% Sale 108M 48 104 M 105 .105 M Sale 118,000 100% Jan. 101% Jan. 29 87% Feb. 27 87% Feb. 24 Feb. 87% Feb. 24 Feb. 85 Sale 72 M 76 M 77 75 107 M 110M 107 M 110M 108 104 Sale 104 60 % 61% Sale 60 M 64 48 50 49 52 50 45M 46 M 103M 103M 105 105M 5s series B -—1961 Iowa Pow & Lt 4mb A 1958 18,000 101 27 Feb. 97 M Feb. 72 M 78 71 75 187,000 Jacksonville Gas 5s stpd—1942 119,000 Jersey Cent P & L 5s B—1947 4Ms series C —1961 82,000 5,000 Sale 67 M 18 128,000 38,000 7s series F.---1952 Interstate Power 5s_ 1957 Debenture 6s 1952 Iowa-Nebraska L & P 5s.-1957 58,000 42,000 102 98% Sale 48,000 42,000 70,000 596,000 215,000 61,000 31,000 97,000 40,000 188,000 7,000 2,000 47,000 44,000 16,000 20.000 87 M Feb. 83 101 Sale 76M 18,000 26,000 44,000 331,000 97,000 29,000 12,000 50,000 22,000 102,000 43,000 100M Feb. 87% Sale 1965 57,000 Idaho Power Co 3 Ms 1967 108M 97 264,000 Illinois Pow & Light 5%s—1957 5 Ms series B 197,000 1954 104% 68serie8A_i_1953 10524 302,000 5s series O 1956 103 587,000 101,000 Indiana Hydro-Elec 5s A--1958 1950 71M 208,000 Indiana Service 5s 70 1st lien & ref 5s 1963 192,000 62 71,000 Alndianapolls Gas 5s A 1952 98,000 Indianapolis P & L 3%s_1968 108M Isarco Sale 101 100M 101 87% 80 15 iHamburgElec Co 7s 1935 14 iHamburg E & Und Ry 5%s'38 Heller (W E) & Co 4s w w.1946 102% Houst Gulf Gas 6%s x w__1943 103M 6s 1943 104 M Houston Lt & Pr 3%s—.1966 111 AHungarian-Ital Bk 7%B-_1963 66 M Hygrade Food 6s ser A 1949 65 M 6s series B .1949 " 21,000 registered 14,000 Grocery Store Prod 6s—-1945 5,000 Guantanamo & W Ry 6s.. 1958 Guardian Investors Corp— 5s series A 1—1948 25,000 2 00C 270,000 49,000 72,000 74,000 1953 1965 Gobei (Adolf) deb 4%s..-1941 67,000 Grand Trunk West Ry 4s 1950 1,000 Great North Pow 5sstpd .1950 5,000 Green Mountain Pow 3 Ms-1963 55.00C 1.00C 5.00C 10.00C 104.000 1967 1978 AGesfuerel 6s ' Glen Alden Coal 4s 100% Sale 5 98 99% 112% 107% 25% 127% 17 8 26 20 Jan. 4 Jan. Feb. Feb. Jan. Feb. 29 23 18 27 3 111 Jan. 19 108 Feb. 15 82% Feb. 9 17 16 9 2 122% Jan. 63% Jan. 25 63 23 24 71% Jan. 71% Jan. 71 % Jan. 95% Feb. 29 99% Jan. 97% Feb. 29 100% Jan. 108% Jan. 15 109% Feb*. 14 Jan. 62% Jan. 101 Jan. 9 102% Jan. 102 81 104 Jan. 17 103% Jan. Jan. 3 Feb. 29 105% 104 4 104 Jan. 1 106% 105% Feb. 1 114% 113% Feb. 104% Feb. 55 Feb. 101% Feb. 104% Jan. 5 106 14 57 Jan. 6 10 Jan. Feb. 4 7 Feb. 3 Feb. 27 Feb. 23 9 102% Jan. Jan. 2 106 45% Jan. 22 49% Jan. 105% Feb. 21 106% Jan. 104% Jan. 5' 86% Feb. 29 3 12 10 2 2 106% Feb. 20 NEW 52 EXCHANGE CURB YORK aggregate range since jan. prices in febrlary sales Jan. 2 exchange 1940 Jan. 1 Bid bonds 83,000 230,000 291,000 42,000 43,000 1968 Ohio Public Service 4s.—1962 Ms B Okla Pow & Water 5s 108 M 113 Sale 111M 107 % Sale 108 M 1955 107 M Sale A—1948 103 103M 1940 100 M 103 5,000 1 acific Coast Power 5s 101,000 Pacific Gas & Elec 6s B—1941 109 M Sale Pacific Investing 5s A 1948 93 94 Without warrants 73,000 112 1942 110 32,000 Pacific Ltg & Pow 5s 93 M Sale 1,134,000 Pacific Power & Light 5s.-1955 43 M Sale 7,000 Park Lexington BIdg 3s—1964 602,000 Penn Cent Lt & Pow 4 Ms. 1977 102 M Sale 103 M 104 M 5s1979 39,000 125,000 Penn Electric 4s series F__1971 104 M Sale 4s series F reg 1971 5s series H 1§62 107M 107 M 117",600 Penn-Ohio Edison 6s 1950 Without warrants 109M Sale 57,000 — —1959 5 Mis series B 76.000 31,000 Penn Pub Serv 6s C 5s series D 24,000 1947 1954 35,000 Penn Water & Pow 4 Ms. CJg _ -1968 Peoples Gas Lt & Coke 4sB_'81 4s series D 1961 513,000 1972 181,000 Phila Elec Power 5 Ms 1962 102,000 Phila Rapid Transit 6s Piedmont 109 107M Sale 106M 107M 106 111M Sale 107 M Sale 108 M 108 % 106 107M 104M Sale Sale Sale Sale 106M 107M 103 M Sale 99 99M 102 102 109 M 109M 109M 94M 110 93 Ask Sale 95 M 96 110 111 93 M Sale Sale 112 Sale 107M Feb. 26 108h 108 Feb. 1 108v8 106M Feb. 24 107M 103M Feb. 1 105 Sale 110M 107M 107M 106M 102M Feb. 6 Feb. 23 Feb. 15 95 Vs 97 M 13 16 Feb. 14 93 M Feb. Feb. 27 111 1 95 M Feb. 10 109M Jan. 90 M Jan. 93M Feb. Feb. 92M Feb. 110 5 96 9 9 2 29 103M Feb. 8 1 105M Feb. Feb. 15 2 105 113M 114M 94M 95M 115 98 96 M 98 M Sale Sale 114M 115 Sale Sale Sale 98 M 98 99 _ 1940 5s certifs of deposit 105,000 Potomac Edison 5s ser E__1956 4 Ms series F 1961 32,000 11,000 Potrero Sugar 7s stamped .1947 61,000 Power Corp of Can 4 Ms B 1959 . APrussian_.Elee$ric As 43 M 46 104M 104M 105 100 100M 102 Sale 42 M 12M 83 M 82 M 30 13 Sale 83 85 30 Sale 84 Sale 108M Sale 110 111 49 M 88 1Q54 —14— 51M Sale 30 92 M 87 Sale Sale 89 M 87 89 16 14 16 112 104 80,000 Queens Boro G & E 5Ms—1952 1,000 iRuhr Gas Co 6 Ms 1,000 ARuhr Housing 6 Ms A — 1953 1958 1979 204,000 Safe Harbor Water Pr_ 3,000 San Joaquin L & P 6s B—1952 151M 155 107 108 M 98 M Sale 98 Sale 92 % Sale 96 M Sale 103 % Feb. Feb. Feb. Feb 107 M Feb. 106 108M Feb. 108M Feb. 107M Jan. 107% Jan. 103 M Jan. 95M Feb. 97 Feb. 113M Feb. 98 Feb. 83% Feb. 83M Feb. 89M Feb. 15Feb. 2 3 108 % Feb. 109M 107M 108M 108 M 106 M Jan. 9 98% Jan. 5 41M Jan. 104M Jan. 24 15 14 100 Feb. 9 16 45h Feb. 29 14 Jan. Jan. 83M Jan. 83M Feb. 26 115 Feb. 1 5 100 Feb. 9 Jan. 12 3 106M Feb. 2 102 Feb. 14 Jan. Feb. 28 46 12 14 2 93 2 93 Feb. 28 13 88 Feb. 21 26 109 Feb. 3 108M Feb. 26 109 6 110 Feb. 24 50 5 110M Feb. 1 53 5 90M Feb. 15 Feb. 19 3 2 Jan. Jan. 10 9 Jan. Feb. 16 2 Jan. 97M Jan. 6 100 3 106 M Feb. 102 Feb. 11 26 1 2 22 30 13 Feb. 7 Jan. 97% Jan. 43 M Jan. 95M Jan. 96% Jan. 113% Jan. 96 Jan. 96 M Feb. 98 M Feb. 13 115 23 2 157 M 152M Feb. 151M 152M 157 M Sale Feb. 20 107M 106M 107M 107 106M 108 5 98% 98 M Sale 96% Feb. 97 M Sale 94 Feb. 14 96 95 Sale 95 M Sale 5 93 % 91M Feb. 92 h Sale 93 M Sale Jan. Feb. 13 87M Jan. 27 19 14 Jan. 13 Feb. 29 Feb. 16 Feb. 23 150 Jan. 12 90M Jan. 5 Jan. 11 6 110 % Jan. 1 53 Jan. 13 15 91M Jan. 15 Feb. 9 9 10 19 19 157 % Feb. 29 Jan. 12 24 100M Jan. 24 100 Jan. 11 11 31 108 6 Jan. 107 94 M Jan. 91 % Jan. Feb. 13 90 M Jan. 23 97 Jan. 7 95 M Feb. 28 99 Jan. 5 18M Jan. 10 18M Jan. 10 Jan. 17 15 Jan. 17 9 109M Jan. 16 134 Jan. 16 Feb. 8 , 97 97 H 95 17 14 96 M 95 M Feb. 28 98 Feb. 35 17 35 17 35 14 35 14 35 109M 110 109 Sale 108 108] 133 132 138 133M 134\ 137 Jan. 107M Jan. 6 2 103% Feb. 8 105 % Feb. 105M Jan. 24 101M Jan. Public Service Co of N J—• 79,000 6% perpetual certificates. ___ 32,000 Pub Serv of Okla 4s 1966 1,400,000 Puget Sound P & L 5Ms..1949 386,000 5s series C 1950 1,076,000 4^s series D 1950 Jan. 107% Feb. 108 M Sale 107M 108M 108M Feb. 110M 110M 110M 110M 110M Feb. 50 Feb. 50 54 50 Sale 88 M 44 v 25 108% Feb. 42 Feb. 45 M Sale Feb. 106 M 106M 105 100 102 100M Feb. 13 30 Sale 106 Jan. Feb. Hydro-Electric Co— 6 Ms series A 1960 Pittsburgh Coal 4s —1949 Pittsburgh Steel 6s 1948 APomerania Elec Co 6s—1953 Portland Gas & Coke 5s—1940 96 6 108M Feb. 108 108M 107H 107M 107M 107M 107 108 108 Sale 107M 109 106 M 107M 107M 108 109 95 M 97 M 18 107M Feb. Sale 3 3 111 M Jan. 26 6 19 108M Feb. 5 19 109% Jan. 30 107% Jan. 2 Feb. 13 18 105 99 M Feb. 9 100M Jan. 109% Feb. 27 110% Jan. 43 Sale Sale 98 Jan. Jan. Jan. Jan. Jan. Feb. 43 M 44 44 101M Feb. Sale 102M Sale 106 106M 105M Feb. 105 M Sale 103M Feb. 103M 104M 104M Sale 108 107 Highest Sale Prices 99M Feb. 9 99M Feb. Feb. 109M Feb. 27 110 43 M 102 108 M 108M 108M Lowest Sale Prices Highest Sale Prices Sale Prices 111 Feb. 7 111M Feb. 7 1940 _ 389",606 136,000 13,000 53,000 5,000 722,000 162,000 106 Ask Bid Bid Lowest Feb. 29 Feb. 1 Ask 109 4 1945 110M Ogden Gas Co 5s Ohio Power 3 Ms 0 da Nat Gas 3 1 Price new york curb Since 15 35 107M Feb. 9 109M Feb. 3 107 % Jan. 134 Jan. 3 ASaxon Public Works— 6s ASchulte Real Estate 6s - 17,000 55,000 147,000 325,000 207,000 -1937 1951 Scripps (E W) Co5Ms 1943 Scuflin Steel Co 3s 1951 Shawinigan W & P4Ms—1967 4 Ms series D 1970 56,000 Sheridan Wyo Coal 6s 247,000 Sou Carolina Power 5s 1947 1957 2025 562,000 Southeast P & L 6s 250,000 Sou Calif Ed 3 Ms-May 1 1960 3 Ms series B — _July 1 1960 140.000 11 35 12 — 12 95 65 Sale 103 M 67 M 97 M 95 h Sale 96 M 29 Feb. 27 25M Feb. 30 25 M 29 1 102M 103M 102M Feb. 26 103 M Feb. Sale 9 3 69 Feb. 67H Feb. 69 Sale 68 M 1 94 M Sale 94M Feb. 29 97 M Feb. Sale 8 95 M Sale 95M Feb. 29 97h Feb. Sale 91 -95M Sale Sale Sale Sale 91 98 M Sale 21M 103 M 64 99 M 112M 109 M 109 h 23 Sale 25 111 95 Sale 92 Sale 100M Sale 111M Sale 108 M Sale 108M 109M 108 M 108 M Sale Sale 92 98M 110M 108M 108M 29 94 M 1 100M Feb. 1 111% Feb. Feb. 26 109 M Feb. 29 109 M Feb. 105M 105M 51 105 52 109 103 104M 107 M Sale 50 1948 ^.1948 67 M 67 M 6s 6s gold debs 933,000 6s 1,071,000 1,337,000 Stand Power & Lt 6s 146,000 AStarrett Corp 5s Stinnes (Hugo) Indus— 7s 2d stamped. 18,000 7s 2d stamped 5,000 Terni 82,000 318,000 145,000 17,000 229,000 491,000 60 Sale * Sale Sale Texas Power & Lt 5s 5 Ms A United Elec Service 7s 89.000 1,000 11,000 176,000 428,000 45,000 759,000 111,000 80,000 82,000 104,000 Sale 1940 1946 32 32 35 35 37 24 M 25 22 26 20 26 1953 44 M 1960 1956 104 M 107 M Sale Sale Sale 115 Sale 60 Sale 58M Feb. 1 59 M Sale Sale 58 Feb. 1 59 M Sale Sale 59 M 21 Sale 22M 59 M Sale Sale Feb. Feb. Feb. Feb. 1 60 58M 58M 58M 21M 29 35M Feb. 7 42 M 102 M 102M 62 M Sale 45 M Sale Sale 117 119M 101M Sale 65 M Sale 8M 117M 11IM. 104M 107 M 1950 1949 1956 1941 16 1974 85 1959 United Lt & Rys(Del) 5 Ms 1952 United Lt & Rys (Me) 6s A1952 5Ms Deb 6s series A 1973 Utah Power & Light 4MS-1944 6s series A2022 210,000 Virginia Pub Ser 5Ms A 6s_ 119,000 5s series B 173,000 - 44 M 19 1945 1975 Deb 6s 21M 83 M 107 9 Sale Sale 117 101M 65 M Sale 101M Feb. West Penn Traction 5s Wheeling Elec Co 5s Wisconsin F&L4* A 151,000 Yadkin River Power 5s 44,000 tAYork Rys Co 5s 5s stamped 74,000 For footnote! see page 53. 27 110M Jan. 3 8 2 5 6 50 Jan. 20 105M Feb. 12 52 Feb. 26 6 106M Feb. 28 105 Jan. 10 106 h Feb. Jan. 2 105M Jan. 99 Feb. 107M Feb. 28 108m Feb. 28 3 6 5 Feb. 16 64% 64% 64M 64M 64% 64% 24M Feb. Feb. Feb. Feb. Feb. Feb. Feb. 37 Feb. 108 Feb. Feb. 8 8 8M 118 118M Sale Feb. 20 Feb. 15 118M Feb. 4 102m 58 50 Jan. 3 ie! 49 Jan. 19 72 M J an. 15 49M Jan. 19 72 h Jan. 15 15 16 48 Jan. 19 48 Jan. 19 72 48 Jan. 19 16 49 Jan. 19 72M Jan. 71M Jan. 24 M Feb. 6 72M Jan. Jan. 5 19 Jan. 2 9 29 Jan. 10 37 24M Jan. 3 26 Feb. Jan. 9 19 Jan. 22 46 Jan. 3 14 118M Feb. 28 102% Feb. 10 3 66M Feb. 65 66 95 M Jan. 104M Jan. 45M Feb. 29 6 105M Feb. Feb. 117 44M 20 Sale 42 104M Jan. 107M Jan. 115 Jan. 100 Jan. 62M Jan. 18 35 19 30 80 Sale 77 M Sale 85 M 83 M Sale Sale Sale Sale Sale 118 Sale 99 80 M Sale 99 Sale 107 M 108 M 108% 88 M 91M 87 M Sale 118 117M 83 77 75 M Sale Sale Sale 99M 100 99 M Sale 99M Feb. Sale 10M Sale 1951 1968 1941 1937 1947 52 M Sale 107 104 % Sale 97 Sale 97 98 Feb. 99 M 100 100 % 115M 119 104 M Sale 105 % Sale Feb. 107M Feb. 88M Feb. 117M Feb. 76M Feb. 99 98 M 102 106 M Feb. 76 Sale 102 M 1944 2030 1960 18M Feb. 80 99 Sale 107 M 109 43 M Feb. 99M 103 Sale Sale 100 Sale 101M 8M 9M 7M 108 M 109M 109 55 M Sale 108 115M 116 104M 109 107 Sale 8 105 % Feb. 11 108M Jan. 6 19 2 118% Feb. 28 17 103 M Jan. 5 2 66M Feb. 3 Sale 106 M Sale 104M 105 95 M Sale 98 Sale 8M 113 5 16 45% Jan. 11 20 17M Jan. 77M Jan. 11 86M Feb. 20 75 26 107 88 108 M Feb. 92% Feb. 24 119 7 Feb. Feb. 23 Jan. Jan. Jan. 74 Jan. 99 99 Jan. 2 Feb. Feb. 26 1 Feb. 102 Jan. 9 9 Feb. 19 3 108% Feb. 23 60M Feb. 1 Feb. 6 108 Feb. 24 115M Feb. 16 104M Feb. 23 106% Feb. 23 Feb. 29 Feb. 24 Feb. 16 1 Feb. 104M 104M 104M Feb. 23 104% Feb. 94 Feb. 23 94 95 95M Feb. Feb. 91M 96 95M Feb. 27 98 2 1 24 Jan. ll 19M Feb. 28 9 89 M Jan. 24 87 M Jan. 8 2 108% Feb. 93% Jan. 26 31 117M Feb. 29 119 2 99M Feb. 100M Feb. 23 84 1 100 15 102 7M Feb. 108M Feb. 8 19 10 43 M Jan. 20 Jan. 24 103 Feb. Jan. 3 118% Jan. 20 14 Feb. 101 Feb. 117M Jan. 19M Feb. 28 87M Feb. 19 45 M Feb. 98M Feb. 102 59 Sale 55M Sale 107M 115M 116M 115M 104M 104M 105 106 106M 106 108 3 8 9M Feb. 25 87 Sale 100 1946 1950 43 M 35 19 93 80 42 H * Waldorf Astoria Corp— Conv deb 6s West Penn Elec 5s 1 43 Feb. 45 M Sale 105M 105M 104% Feb. 107M Feb. 107M 108 30 30 1946 102 M Sale a5s income deb 1954 270,000 1951 14,000 Wash Ry & Elec 4s Western Newspaper Union— 100,000 42,000 15,000 25,000 86,000 1 29 1952 Without warrants AUnited Indus 6 Ms a 1st 6s—United Lt & Pow 6M8 1 Sale 60 59 tUlen & Company— 6s 4th stamped 157,000 16,000 United Elec of N J 4s Feb. 19 1966 Tr 5Ms A-1952 registered 58 28 1957 6s 2022 Tide Water Power 5s A—1979 Twin City Rap Sale 59 M 59 Hydro-Electric Co— 6Ms series A Texas Elec Service 5s 60 66M 67 h 66 Vs 67 M Feb. Feb. 27 Jan. 30 Feb. 9 98 M Jan. 19 97 % Jan. 22 69 6 9 105M Feb. 2 52 Feb. 2 101 % Feb. 16 99 100 100H Sale 99 Feb. 5 107M 108M 107M 108M 107M Feb. 28 108M Feb. 1 58 Feb. 16 58 Sale 55 Feb. Sale 1957 1950 1951 92 29 31 100 % Jan. 6 112 M Jan. 31 110M Jan. ! 55 Sale Sale Sale Sale Sale Sale 3 94% Feb. 29 95M Feb. 29 102 1932Jan. 49M 6s stamped— 6s conv stamped 51 4 4 104 98M Jan. 110M Jan. 108M Jan. 108 m Jan. 102M 106,000 ASpalding (AG) & Bros 5s 1989 Standard Gas & Electric—■ 1,433,000 1,071,000 1,292,000 105M 105M 105M Feb. Sale 50M Feb. 51M 52 51M 105M Feb. 106M 108 105H 108 105 H Jan. 63 M Jan. Feb. 17 Feb. 24 Feb. 20 6 Feb. 8 Feb. Southern Counties Gas of California 4 Ms 1968 94,000 1951 97,000 Southern Indiana Ry 4s 67,000 S'western Assoc Tel 5s A.-1961 1957 3,000 Southwestern L & P 5s 2022 113,000 Southwestern P & L 6s 51,000 S'western Pub Serv 6s A__ 1945 23 102% Jan. Jan. 97h Jan. 100M Jan. 7M Jan. 108 M Feb. 52M Jan. 106M Jan. 115 Jan. 104M Jan. 105M Jan. Feb. 4 7 84 M Jan. 9 2 100 M Jan. 2 101% Jan. 15 24 15 Jan. 18 29 100% Jan. 2 102M Jan. 25 20 103 24 TOM Jan. 3 108M Feb. 2 6 3 23 60% Feb. 23 6 108 Feb. 29 22 115M Jan. 11 105 Jan. 12 23 15 106M Feb. 1 Jan. 104 M Feb. 23 105 97 Jan. 94 Feb. 23 98M Jan. 95 M Feb. 27 2 2 3 March, 1940] • 53 NEW YORK CURB EXCHANGE AGGREGATE • RANGE SINCE JAN. PRICES 11 SALES new york In Since February Jan. 1 a 1 TltCG Jan. 2 curb exchange Feb 1940 Ask Bid . 1 Feb Ask Bid Bid Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices 29 Ask foreign government and municipal 8,000 11,000 "4,666 12,000 5,000 5,000 3",000 3,000 1,000 Agricul Mtge Bk Rep of Col— 120-year 7s Jan 15 1946 7s certifs of deposit 1946 120-year 7s Jan 15 1947 7s certifs of deposit 1947 16s ctfs of deposit 1947 Antioquia (Dept) Colombia i7s A ctfs of deposit 1945 7s B ctfs of deposit 1945 i7s C ctfs of deposit 1945 i7s D ctfs of deposit 1945 i7s 1st ser ctfs of dep 1957 7s 3rd ser ctfs of dep 1957 i7s ctfs of deposit 7>*s ctfs of deposit 35 273* 35 263* 35 35 22 35 22 35 1948 263* Feb. 30 273* 28 263* 293* 35 35 22 35 22 35 25 22 35 22 35 11 25 10 25 10 25 11 25 10 25 10 25 11 25 10 25 10 35 11 25 10 25 10 25 26 3* 25 2,000 iBaden (Germany) 7s 1951 Bogota, City of (Colombia) 18s ctfs or deposit 1945 Caldas (Colombia)— a73*s ctfs of deposit 1946 iCauca Valley (Dept of) Rep of Colombia extl s f 7s 1948 22,000 8,000 263* 25 6 29 Feb. 15 263* Jan. 15 29 Feb. 15 13 283* Feb. 13 17 263* Feb. 23 283* Feb. 13 26 3* Jan. 12 3* Feb. 17 12 % Feb. 17 12 3* Feb. 17 12 3* Feb. 11 % Feb. 17 11 % Feb. 17 10 25 10 25 10 25 10 16 10 25 10 25 113* Feb. 113* Jan. 17 30 113* Feb. 17 113* Jan. 30 12 30 12 30 12 30 12 Jan. 29 12 Jan. 29 15 35 15 35 10 40 10 35 10 35 10 40 13 3* 16 14 Sale 13 133* 12 26 10 25 10 25 25 10 25 13 K Feb. 2 143* Feb. 14 13 34 Feb. 2 15 Jan. 20 Feb. 29 14 Feb. Feb. 29 14 3* Feb. 29 13 14 13 14 3* Feb. 13 52 41 Jan. Jan. 7 Jan. 30 13 3* Jan. 17 30 10 25 10 123* 123* 35 12 3* 35 14 Sale 35 123* 35 14 35 26 40 22 40 22 40 513* 423* 70 44 60 45 60 50 Feb. 10 50 Feb. 10 48 3* Jan. 16 1953 50 383* 43 H 35 44 39 Feb. 28 41 Feb. 10 39 Feb. 28 ADanzig P & Wat'way Bond— Aexternal s f 63*s 6,000 1952 25,000 AGerman Cons Munic 7s__1947 15 2 7 Feb. 2 123* 133* Feb. 19 63* Feb. 123* Jan. 123a Jan. 15 3 8 1946 iCent Bk of German State & 1,100 5,000 1,000 5,000 Prov Banks 6s B a6s A Colombia 1951 1952 8,000 4,000 6,000 10,000 5s 6,000 19,000 66,000 15,000 8 (City) Ger 7s 1939 (Prov) 63*s 1949 (City), Peru, 63*s.-1958 AMaranhao ? State) 7s 1958 AMedellin (Colombia) 7s__1951 113* 93* 93* AHanover ALi ma 7 % ctfs of deposit 1951 a63*s ctfs of deposit 1954 Mortgage Bank or Bogota— a7s issue of May 1927 3,000 1947 a7s ctfs of dep (May) 1947 a7s issue of Oct 1927 1947 Y,66o a7s ctfs of dep (Oct) 1947 Mtge Bank of Columbia 63*s ctfs of deposit 1947 1,000 2,000 45,000 5,000 53,000 16,000 45,000 58,000 6,000 12,000 2,000 3,000 3,000 50,000 5,000 1,000 14,000 2,000 • n a No 1,000 19,000 4,000 par AMtge Bank of Chile 6s 1931 Mtge Bank of Denmark 5s 1972 AParana (State of) .Brazil 7s '58 ario de Janeiro 63*s 1959 ARussian Govt 63*s 1919 63*s registered 1919 a5ms 1921 Santa Fe (City) Argentina— a7s stamped 1945 ASantiago (Chile) 7s 1949 a7s value, Sold under the rule. Deferred delivery sale, - 10 6 10 63* Feb. 30 13 20 12 3* Feb. 123* 203* 123* 203* 13 11% 25 20 .113* 20 11 163* 25 113* 113* .20 11 93* 153* 113* 13 3* 14 3* Sale 14 Feb. 26 Feb. 24 26 Feb. 24 14 13 Feb. 133* Feb. 9 12 43 393* 103* 83* 3* H 3* Feb. Feb. Feb. Feb. Feb. Feb. 43 Feb. 3 133* 93* 3* % 3* Feb. 29 Feb. 14 Feb. 6 Feb. 16 Feb. 1 383* 93* 7H 3* 10 25 25 10 25 263* 26 3* 22 27 35 40 2S 26- 28 22 35 26 32 24 35 22 35 26 3* 22 21 35 18 35 20 143* 423* 183* 53 13 3* 393* 93* 7% % 103* 7 3* 3* 8 Sale 3*8 703* 13 3* 13 3* % % 15 19 15 133* 30 13 3* Sale 8 H 93* 3* Sale 76 79 153* 153* 25 16 % % 77% 163* 163* % 79 77J* Feb. 28 77 3* Feb. 25 16 16 3* Feb. 25 163* Feb. 23 Feb. Abbreviations Used Above: "conv" convertible. "cum" cumulative. Sold "m" mortgage. "n-v" non-voting. Bonds "vtc" voting trust certificates. "w i" when issued. "w w" with warrants. Abbreviations Used Above: "cod" certificates of deposit, "cons" consolidated. "x-w" without warrants. a 7 17 26 24 14 Feb. 2 4 16 26 Jan. 27 263* Jan. 17 26 Feb. 24 26 Feb. 24 Jan. 19 13 3* Feb. 0 Jan. Jan. Jan. Jan. 3* Feb. J* Jan. 17 43 Feb.- 3 13 13 V* Feb. 9 3* Feb. 40 113* Sale 10 8 6 40 42 3* % Jan. 16 25 10 3d 15 Feb. 10 35 Feb. 14 16 3* 25 24 12 17 26 16 25 263* 11 Feb. 12 12 3* Feb. Feb. Jan. 12 93* Feb. 123* Jan. 93* Jan. 10J* Jan. 12 123* Feb. 10 Feb. 26 143* 14 7 7 26 Feb. 12 103* 12 3* Feb. 12 93* 113* 133* 9 1961 6 Ex-dividend. being traded flat. t Reported in receivership. 143* Feb 12 H x for cash. 14 13 20 r a 29 Sale 10 5 12 1947 a6s iHanover 1,000 11,000 1,000 3,000 14 (Republic of)— a6s ctfs of dep (A & 0)_-1961 28,000 Danish Cons Munic 53*s__1955 13,000 6,000 Feb. 14J* Feb. Deferred delivery sales, in which no account is taken in computing range, are given below: 2 28 19 163* Feb. 23 773* Feb. 143* Jan. 143* Jan. Nat. Pr. & Lt. 6s A 2026, 6 2 16 6 28 4 11 29 14 % Jan. 31 3* Feb. 16 3* Feb. 1 77 3* Feb. 28 19 163* Feb. 23 163* Feb. Feb. 1 at 1113*. N. Y. Pa. & Ohio. RR. 43*s 1950, Feb. 9 at 833*. Power Corp. of Canada 43*s B 1959, Feb. 16 at 91; Feb. 29 at 86. n (Jnder the rule sales, in which no account taken in computing range, are given below: No sales. is r Cash sales, in which no account is taken in computing range, are given below: Amr. Seeating 6s stpd. 1946, Feb. 21 at 103. Chicago Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON CHICAGO STOCK EXCHANGE Stock Sales 1940 February Jan. 1 to Feb. 29- — AGGREGATE SALES In February — — - . — 1939 $232,000 494,000 — $365,000 423,000 RANGE SINCE JAN. PRICES IN FEBRLARY 1 Price Jan. 2 BONDS 1940 Bid 232,000 1940 484,000 February. 1,303,000 Jan. 1 to Feb. 29- CHICAGO STOCK EXCHANGE Since Jan, 1 Bond Sales 1939 510,000 1,117,000 494,000 Commonwealth Ed 3%s—1958 128% 128% Bid Ask Bid 127% Sale Lowest Highest Sale Prices Sale Prices Feb. 29 Feb. 1 Ask Ask 128% 129 Lowest 1 129 Feb. 68% Feb. 17 70 Feb. 8 45% Feb. 48% Feb. 14 10 17 129% Feb. Highest Sale Prices Sale Prices 9 126% Jam 15 130 Jan.. STOCKS 2,050 3,384 Abbott Laboratories com 170 4%% cumconvpref 278 740 m ' m 850 2,900 1,100 100 200 \ 200 Allied Products Corp Class A 200 2,210 6,366 15,005 3,700 14,700 2,534 *6,660 950 300 Sale 10 25 47 82 350 23-76 6,500 10,725 5,450 1,000 2,300 1,150 1,550 17,900 10,900 200 350 1,900 6,240 3,286 11,100 800 700 700 250 530 550 950 Armour & Co common Aro Equipment Co com 1 VA 800 1,250 19 iSJf 15Y} * 35 Belden Mfg Co common....10 * 5 Berghoff Brewing Corp 1 Binks Mfg Co capital 1 Bliss & Laughhn Inc com __5 Borg-Warner Corp common. 5 Brach & Sons (E J) capital * Brown Fence & Wire cl A pfd. * Belmont Radio Corp Bendix Aviation Corp com . 100 Bunte Bros 100 _1 5 common 10 common 1,400 Burd Piston Ring common 1 6,885 Butler Bros common....... 10 300 3,065 1,100 5% 27,150 100 630 760 450 1,410 1,380 1,510 600 1,600 5,010 cum conv pref 30 Campbell Wyant & Cannon Foundry capital * Castle & Co (A M) common.10 Cent Cold Storage Co com 20 Central 111 Pub Ser v pref * Cent 111 Secur Corp— Common 5 2% 550 I 115 1.150 % 7% 3% 900 2,560 50 90 815 5,448 Chrysler Corp common 2,541 .5 2,320 Cities Service Co common 10 * 3,350 Club Alum Utensil Co com. 260 Coleman Lamp & Stove com..* 133,250 Com'wealth Edison com 25 600 3.240 490 __ 3,100 Compressed Indus Gases cap .5 1,150 Consolidated Biscuit com 1 7,415 Consolidated Oil Corp * Consumers Co— 550 V t 100 Com part shs v t c A 30 """586 1,806 170 430 30 942 30 280 1,800 790 1,400 2,750 20 600 280 350 30 2,069 10 40 555 50 50 Common part shs v t c B_ * Container Corp of Am com. .20 Continental Steel common * Preferred. ioo Crane Co common .25 . — Common. 10 Preferred! 100 4 Sale 23 Sale 25% 21% 17% 4% 10% Sale Sale 18% 4% 11% 13 2% Sale 7% Sale 20% 21 14% 15% 21% 11% 14 82 % Sale 20 T Motor Car Sale 48 10 11 3% Sale 2% 12 13% 19% 20% 9% 10% 20% 19% Sale 36% Sale 18% 99 88% Sale 172% Sale 5% Sale 13% 170% 5% 14% % Sale 38 41 0% 2% 42 6 9% 17% 8% 4% .. com. Feb. 21 20% Feb. 6 10 Feb. 10% Sale 37 Sale Sale 4% 19 19% 23% Sale 21 22% 19 Feb. 10 1 100 Feb. 9 Feb. Feb. Feb. 172% 5% 14% 1% 42% Feb. 29 9 Feb. 9 Feb. Feb. 16 Feb. 20 Sale 170% Sale 5% Sale 13% 1% % % 6% Sale 3% Sale 19 Sale Sale ----- Sale 21 Feb. Feb Feb. 18% 4% 10% 14% 2% 6% 21% Feb. Feb. Feb. Feb. Feb. Feb. Feb. Sale Sale 22% Sale 21% 22% 17% 18% 5 4% 11 10% 17 2% 25 2% 13% 14% 18 20 11% 11% 13% 14% 19% Sale 9 9% Sale 6% Feb. 3% Feb. 18 5 Sale Sale Feb. 18 10 Sale 6% 1 11% Sale 4 3% M 31% 80 Sale 6% 7% % 7 5% Feb. 1% Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 7 Sale Feb. 6% 9% 17% 8% 4% 29% 10% 3% 7 10% Sale 22 82 Sale 39 Feb. 22 A 110 71X 8% Sale 90% Sale 4% Sale 3 Sale 23% 35 32% Sale 12% 14% 2% 3% 7% Sale 3% 1% 41B 109% 110 9% 81% 4 10% Sale Sale 3% Sale 3 7% 2 1 30 23* "24"" 18H 23% 1% % 8 16% 27 60 18% 1% 18 31 30 2% 9 4% 1% % 16% 28% 107% 22% Sale 18% 3% 19% 73 3% 36% 13% 4 Sale Sale 32 1% 28 Sale Sale 3 34% 4% 107 74 70 1% 30 20 % 5 65% Sale 3% 18% 5% 18% 1% 8 J&n. 29 37 Jan. Jan. Feb. 16 12 Feb. 20 31 Jan. 8 Jan. 2 3 Jan. 8 15 Feb. 7 18% Feb. 9% Feb. 8 S Feb. 20 Feb. 21 33% 11% 3% 19% 23% 22% Feb. 7 Feb. 16 Feb. 2 Feb. 8 Feb. 21 20 Feb. 9 5% Feb. 11% Feb. Jan. 3 Feb. 20 Jan. 2 Feb. 29 Jan. 3 5 Jan. 18 22 Feb. 5 Jan. .5 Feb. 9 Feb. 7 14% Feb. 2% Feb. 7% Feb. 3 Jan. Feb. 26 7 Feb. Jan. 31 Jan. Feb. 26 Jan. 22% Feb. 21 Jan. 3 Feb.- 23 2 15 18 82 1 Feb. % Feb. 20 7 Feb. 76 % Feb. 7 8 Feb 5 3% Feb. 21 9 Feb. 29 % Feb. 5 Feb. 7 Feb. 21 Feb. Feb. 9 4% Feb. 3% Feb. 37 Feb. 32% 15% 3% 7% Feb. Feb. Feb. Feb. 4% Feb. 1 Feb. 6 70 Feb. 8% Feb. 79% Feb 14 % Jan. 6% Jan. % Jan. 17 6 5 8 Jan. 15 13% Jan. 2% Feb. 5 7 Feb. 9 5 3% Feb. 21 Jan. 17 % Jan. 15% Jan. 13 25 22 Jan. 15 110% Feb. 28 20% Feb. 26 8 Jan. 3 4% 1% % 17% 29% 110% Feb. 8 Jan. 13 13 Jan. 3 Feb. 20 Jan. Feb. 28 Feb. 19 2 18 Jan. 10 19 Feb. 2 20 14 Feb. 20 2 Jan. 12 19% Jan. 31% Jan. 23 17 Jan. 15 10 2% Feb. 26 1% Jan. 31 2 Feb. 2 30 45 30 Feb. 8 30 Feb. 8 21 21% 19% Feb. 5 21% Feb. 17 5 Feb. 24 24 10% Feb. 15 11 9 3 32% Jan. 15% Feb. 15 3 % Jan. 26 Jan 29% Jan. Feb. 4 11 26 70 17 9 Feb. 24% 16 9% 3% Jan. 37 10 31% Feb. 9% 3 Jan. 15 5 9 Jan. 59 13 24 Jan. 19 Feb. Feb. 15 Feb. Feb. 5 Jan. Jan. 2 2 18 6 8 5 Feb. Jan. 31 5 29 11 35 6 9 Feb. Jan. 21 18 2% n Feb. Feb. Sale 2% 70 Jan. Sale 2 ily< 8** 23 18 2 11 109 Jan. 16 no 69% Jan. 10 71 8% Feb. 21 79% Jan. 15 31 9 18% Feb. 1 % Feb. 20 3 Jan. 16 16 % Jan. % Jan. 19 Feb. 1 % Feb. 19 Feb. 18% Jan. Jan. 67 Jan. 8 7 2 4 17 8 10 11 25 Jan. 3 8 . Jan. 11% Jan. 84% Jan. 36 35 31 16 16% Jan 20 56% 4% 18% 10% 1% 113 17 15 Feb. 9 26 19 Feb. 2 % Jan. Feb. 24 120% Feb. 13 77 Jan. 11 15 Feb. 4 3 6% Jan, Jan. Jan. 2 Feb. 13 Jan. 2 Feb. 20 Jan. 12 Jan. 23 1 61 7 Jan 13% Jan. 2 21 4% 10% 14% 2% 6% 2 Feb. Feb. 18 16 Feb. 3 8 3 21 15 9 Feb. Feb. 29 I Feb. 9 Feb. Feb. Jan. Jan. 3 12 /"Feb. Feb. 4 15 15 3% Jan. 11% Feb. 3 Feb. Jan. 10 19% Feb. 36% 31% 13% 2% 4 9 Feb. 5 Jan. Jan. 13 Jan. 31 Jan. 31 Jan. 15 2 Feb. Jan. 6% 9% 17% 8% 4% 27% 14 73 4 16 % Sale 23 Feb. 29 2 Jan. 23 8 15% Sale 15% Feb. 14 16% Feb. 29 30 28 Feb. 10 29% Feb. 20 107% 110% Feb. 28 110% Feb. 28 Feb. 15 20% "21"" 20% Feb. 26 23 67 Jan. Jan. 2 % 15 31 % 2% 110% 111 109% Feb. 10 110 70 71 Feb. 14 75 70% 8% 8% Feb. 21 9% 9% 83% Sale 3 80% Feb. 87% 3% Jan. 167% 5% 13% % Feb. 516 4% Sale 3 3% 35% 37 31% Sale 14% Sale 3 3% 7% Sale 11 % Jan. 6% Jan. 3% Jan. Sale % Sale 2% 8 Jan. Feb. 76 Sale Jan. 19 Jan. Sale iVA Sale 1 Feb. 16 73 55% 5% 19% 3 Feb. Feb. Sale 112* 74 Jan. 19 1 72 Sale 70 14 4 5% Jan. 1% Feb. 26 7% Feb. 6 12 Feb. 1 10 % Feb. 20 1 6% Feb. 9 % Feb. 6 Jan. 1 7% Feb. 3% Feb. 13 Feb. 93 8% Feb. 79% Feb. 14% Feb. 18 3 12 8 11% 1% 36% 117% Jan. 15 Feb. 21 1 18 Feb. Sale 70 4 2% Feb. 1% Feb. 36% 108 15 Jan. Jan. 38% Feb. Feb. Feb. Sale Sale Jan. 2 19% Feb. 29 35% Jan. 31 Sale 3 Sale 30 9 10 ?3°M J* P 9 Jan. 3% Jan 2% Feb 11% Jan. 18% Jan. 14 5% 18% 12% 1% 4% 3 Jan. 26 1 % Feb. 113 Feb. 24 120% Feb. 13 115 Feb. 8 50% Feb. 15 73 59% 5 5 Feb. 28 Feb. 28 5% 18% Feb. 13 19% Feb. 10 19% Sale 1 10% Feb. 20 12% Feb. Sale 1 1% Feb. 1% Feb. Sale 37 Feb. 9 36% Feb Sale 6 J an. 8 Feb. 19 22 21% Sale Sale ! Jan, 2 68% Jan. 20% Feb. 10 19% Feb. 35% Feb. 93 Sale 18* 9 3% Feb. 91% 43% 6 2% Feb. 20 1% % 3% 7 14 Feb. 2 11 4% 11% 13% 2% Feb. 1 30 18 12 Sale 7 15 Jan. 45% Feb. . 20 1% 7% 10% Sale Sale 5 Feb. 20 6 Sale Feb. Sale Sale Sale % 0% Sale 9 4% Sale 1% % 3% 23% Sale 4% 0 56 19 97 Sale 0% 9% 18% 9% 10% 5 5% 31% Sale 10 10% 18 % 2 825 3 11% 19% 9% 19% 35% % Sale see page 3% 1 5% 9% _ 140 30 For footnotes pref part shares 1,400 Dayton Rubber Mfg common .1 Cum class A pref 580 35 ►ecker (A If) & Cohn— 374 250 c 38% 5% 2% 17% eP8 32,050 Chicago Corp common 1 Convertible preferred 3,300 * 1,750 Chicago Flexible Shaft com. .5 3,850 Chicago & N WRy com.-.100 260 Chicago Ry pt ctfs "I" 100 140 Chicago Towel Co conv pref..* Common capital 120 * 1,080 Chicago Yellow Cab capital--* 14,250 1,200 Sale 69 46 144 2 2,250 100 Sale 09% 47 Sale 1 Preferred ^ *Lt "pref-1 * 1,590 Central States"Pr 615 Chain Belt Co common * 1,800 Cherry Burr ell Corp com 5 1,220 10% 20% 1 Convertible preferred 2,650 * 75,750 Cent & S W Util com (new) 50c Prior lien preferred 920 * 113% 1,300 50,150 3% 12% 1 Bastian-Blessing Co common.* Common 1,700 2,150 Bruce Co (E L) VV o 09% 45 9 Sale Sale * 19 ♦ 22% 94 96 100 100 171% Sale 5 5% Sale 330 Backstay Welt Co common...* Barlow & Seelig Mfg A com..5 150 400 49 9% 2,850 Athey Truss Wheel capital. .4 137 Auburn Auto Co common * 350 Automatic Products com __5 300 Automatic Washer common..3 6,421 Aviation Corp (Del) 3 1,720 Aviation & Transport cap 1 1,250 47,150 1,500 Sale Asbestos Mfg Co common 500 Associates Invest Co com 10,050 90 69 Com 1,351 Allis-Chalmers Mfg Co 50 Altorfer Bros conv pref.. American Pub Serv pref Amer Tel & Tel Co capital 385 30 840 1,070 1,950 * 100 144 357 Acme Steel Co common.....25 1,020 Adams (J D) Mfg common * 350 Adams Oil & Gas Co com 1,100 Advanced Alum Castings 5 3,500 Aetna Ball Bearing common 1 14,050 Allied Laboratories common * . 4 26 2% Feb. 26 30 Feb. 8 23% Jan. 5% Jan. 10% Feb. 4 12 15 CHICAGO March, 1940] AGGREGATE SALES Since February Jan. 1 Shares 909 450 1,550 300 5,350 2,650 490 55 EXCHANGE PRICES IN FEBRUARY chicago stock In STOCK RANGE SINCE JAN. _ 1 Price exchange Jan. 2 STOCKS * 1,559 Dixie-Vortex Co common Class A. 1,300 2,800 Dodge Mfg Corp common—* 550 Eddy Paper Co. (The)—- — * -5 8,500 El Household Util Corp 4,350 Elgin Nat Watch Co 15 595 Fairbanks Feb. 1 1940 Par Shares Morse common Dredge & Dock Co common * Four-Wheel Drive Auto 10 Fox (Peter) Brewing com 5 Fuller Mfg Co common 1 Ask Bid 11% Sale 34% 33 % 13 15 Sale 15% Sale Feb. 29 Ask Bid Bid 11% 12% 13 35 12 36% 12% 36 38% 11% 17% 15 12 16 15% Sale 22 Sale 23% 39% Sale 37 39% 3% 24 Ask 3 Sale 3% 24% 43 10% 4% 14% 4% 12 5 15 Highest Lowest Highest Sale Prices Sale Prices Sale Prices 12% Feb. 2 35% Feb. 7 11% Feb. 20 15 Feb. 27 Feb. 1 22% Feb. 39% Feb. 2 7 11 Feb. 20 4 3 3% Sale 41 Lowest Sale Prices 13% Feb. 14 Feb. 26 12% Feb. 2 36 11% Jan. 31 34% Jan. 3 11% Feb. 20 Feb. 16 13% Jan. Feb. 28 13 Jan. Feb. 24 2 Jan. 3 Feb. 25 Feb. 28 15 Feb. 27 3 Jan. 26 22% Feb. 37% Jan. 2 23 16% 3% 24% 42% 10 7 10% Jan. 10 14 Jan. 5 27 12% Feb. 17 Jan. 16 15% 51% 10% 2% 45% Jan. Jan. Feb. Jan. Jan. 15 18 31 57% Jan. 51 Jan. 15 4% 6% 10% 21 % 11% Jan. Jan. Jan. Jan. Jan. 12 17 25 Jan. 15 6% 12% 24% 12% 27% 17% Jan. 15 20% Feb. 3% Feb. : 24% Feb. : 42% Feb. : 6 36 Fitz Simons & Connell 400 700 850 1,150 1,450 2,100 2,450 4,500 1,400 657 600 500 755 5,692 219 656 1,850 1,826 500 3,700 1,539 60 150 2,650 800 90 40 50 2,600 Gardner Denver Co com(new) * 895 General Amer Transp com 5 600 General Candy class A 5 1 2,050 General Finance Corp com * 2,052 General Foods common 12,203 General Motors Corp com—10 * 434 General Outdoor Aav com 1,506 Gillette Safety Razor pref-.-* 2,750 Goldblatt Bros Inc common. -* 10% 4 13% 4% 11% 4% Sale Sale 16 16% 56% Sale 10% 11% 2% 47% 2% Sale 54 % Sale 3% 6% 10% Sale a 4% 11 11% Sale 4% 4% 13 14 4 Sale 16% 51 10% 2% 47% 52% 4% 6% 11% 3,951 Goodyear Tire & Rub com---* 2,150 Gossard Co (H W) common--* 9,600 Great Lakes Dr & Dk corn-- * 23% 12% Sale Sale 12% 27 Sale 27 10 3,797 Hall Printing Co common 460 Hamilton Mfg cl A part pref_10 350 Harnischfeger Corp common-10 3,900 Heileman Brewing Co G cap.. 1 3 1,800 Hein Werner Motor Parts 360 Hibb Spencer Bartlett com—25 * 900 Horders Inc common 650 Hormel & Co (Geo A) com— * 18% 7% 5% 8% Sale 7% 6% Sale 8% Sale 13% 17% 8% 39 % 13 % 31 30 23 17 17% 53 10% 52 3 Sale Sale 5 Sale Sale .Sale 13 Sale 13% 10% 2% 47 % 52% 13% 2% Sale Sale 6 6% 12 Sale 12% 23 % Sale 12% 25% Sale 26 18% 7% 19 5 7 5% 5% Sale 8% Sale 38% 40 13% 15 33 34% 9% 9 Feb. 1 16% Feb. 5 18 Feb. Feb. 29 55 Feb. 19 10% Feb. 2% Feb. 8 10% Feb. 28 5 2% Feb. 48% Feb. 17 52 11 5% 7 17 4 Sale 5% 9% Sale Feb. 12% Feb. 11% Feb. 4% Feb. 15 Feb. 4% Feb. 47% 52% 4% 6% 11% 22% 12% 25% 5 Feb. 1 Feb. Feb. 10 1 Feb. 1 Feb. 2 Feb. 8 Feb. Feb. 26 13 5% Feb. 2 Feb. 29 8% Sale 7 Sale 9% 9 14 15% 8% Feb. Feb. 15 Feb. 33 36% 34% Feb. 38% 45 39 13 Feb. 8 Feb. 19 Feb. 27 6 Feb. Feb. 17 Feb. 21 1 Feb. 20% Feb. 19 Feb. 14 5% Feb. 2 10 Feb. 7 1 9 Feb. 7 2 39 2 9 15 Feb. Feb. 9 2 34% Feb. 2 8 . 4 27 6 27 2 Feb. Feb. 18 13 55 6% 12% 24% 12% 4 Jan. 11 4% Feb. 7 Feb. 27 15 4% Jan. 2 Feb. 27 8 Feb. 28 17 6 3 19 27 6 17 21 Jan. 27 8 10% Feb. 10 2% Jan. 48% Jan. 55% Jan. 13 4 4 15 Feb. 6 Feb. Feb. Feb. 19 Jan. 20 8 Feb. 14 Jan. Jan. Jan. Jan. 22 5% Jan. 22 10 Feb. 9 Jan. 7 9 13 Jan. 30 Jan. 7 5% 8% 8% 38% 2 18 9 2 13 39% Jan. 15 Feb. 5 34% Feb. 2 3 27 23 9 Houdaille-Hershey— 915 1,050 50 850 1,019 500 591 200 1,031 Class B 1,640 1,200 Hubbell, Harvey, Inc com 255 Hupp Motor Car common 200 200 2,650 2,300 100 520 210 300 850 600 500 800 50 3,568 700 260 1,000 690 587 105 1,950 300 550 10 100 16,295 1,150 880 3,750 12,400 650 1,300 1,200 800 100 596 Inland Steel Co capital * ■""600 2,950 100 50 300 130 45 600 * 5 25% * * 5,500 1,190 7,100 54,400 1,700 3,950 1,600 1,350 1,050 * 1 Mer & Mfrs Sec cl A com * Mickelberry's Food Prod com.l Middle West Corp capital 5 $2 cumul part pref 1% Convertible preferred A * 100 7% prior lien 100 7% preferred A 100 6% preferred A 100 Miller & Hart Inc conv pref-_* Minneapolis Brew Co com 1 Modine Mfg common * Midland Util 6% pr lien 30 Montgomery Common 4,345 * * Ward & Co cl A_ * * Sale 11 22% 21 2% Sale 81% 83 53% Sale n 7% Sale 2% 4% 10 12% 16% 1% .28 8 2% 16% 14% 19 21 19% 20% 47% 46% 5% 8% 48 46% 6% Sale 7% Sale "45% 45 Sale 101 5 4 Sale 3 % 1% 3 "% 1% 3% 6% 2% 24% 4% 9% 12% 6 Sale Sale 2 13% 17 10 1% 25 Sale 25% 5% Sale 1% 38 26 13 Sale 4 Sale 29 Sale Sale "2% 4% 4% % c > Sale 4% 4% 3% Sale 9 Sale 2% 5% 5% 4 ~l"6% 10% 18% 21% 2% 3% 10% 19% 1% 42 40% 1% 41 160% 55% 11% Feb. 27 14 Feb. 23 4% Feb. 12% Feb. 23% Feb. 5 Feb. 16 ' 4% Feb. 11 21% 2% 82% 53% 1 Feb. 1 Feb. Feb. Feb. Feb. 2 1 2 7 16% 14% 19% 46% 5% 7% Feb. 27 Feb. 24 Feb. 16 Feb. 10 Feb. 27 1 Feb. 3 2 13% Jan. Jan. 5 16 Feb. % Jan. 4% Jan. 3 1 Feb. Feb. 8 21% 2% 82% 53% 2 Feb. Jan. 11 Jan. 23 7 Feb. 17 16 Feb. Feb. 20% 47% 6% 8% Feb. 28 Feb. 21 9 Feb. Feb. 21 9 Feb. 9 Feb. 2 Feb. 6 1 103% Feb. 14 4% Feb. 13 23 Feb. 1 Feb. Feb. 13 % Feb. 10 1% Feb. 20 3% Feb. 19 3 % Feb. 29 1 % Feb. 7 6 3% Feb. 14% 3% 27% 3% Feb. 15 22% Feb. 4% Feb. 5 10% 9% Feb. 12% Feb. 16% Feb. 8 13 27 5% 6 5% % % % % 6% 10% 4% 11 % 20% 2% 42% 51 Sale 77 82 850 Nachman Springfilled com 230 i\ational Battery Co pref * * 300 Nat'l Bond & Invest com 1,300 Nat'l Pressure Cooker Cor * 2 10% 37% 14% 4% 11% Sale 15% 5%. * % 1% 21 Sale 39 29% Sale 3% 28 Sale Sale 7 11 Sale 1% 2 41% 42 53% 22% 20% 10 11 10 38 40 17 18 4 5 17% 4 7 5 2 1% Feb. Feb. 6 5% Feb. 1 1 6% 7% 2% 24% Feb. Feb. Feb. Feb. 5% Feb. 10% Feb. Jan. 26 3% Jan. 27 Feb. 17 Jan. 21% 48% 6% 8% Jan. 100 Jan. 2 Jan. Jan. Jan. 15 Jan. 44% Jan. 100 Jan. 4% Feb. 2% Feb. % Jan. 1% Jan. 3% Jan. 25% Jan. 8 101 Feb. 5% Jan. 13 3% Jan. 2 26 30 11 Feb. 15 7 Jan. 1% 2^ 5 3 8 16 4 3 12 9 10 3 11 17 9 3 9 11 13 11 30 22 Feb. 13 6 Jan. 11 Jan. 6% Jan. 11 7% Feb. 24 Feb. 10 3 27 21 4 21 19 Jan. 12 25% Jan. 24 5% Jan. 31 7% Jan. 36% Jan. 10 Feb. 28 2 12 .Tan. Feb. 19 15% Jan. 1% Jan. 25% Feb. 23 25 7% Feb. 21 Jan. 14 22% Feb. 4% Jan. 9% Feb. 17% Feb. Feb. 49% Jan. 18 103% Feb. 15 1 Jan. 3 20 8 2 5 15 Jan. 21 26^ 5 Feb. Feb. 5 15 15 4 Jan. Jan. Jan. 13 17% Feb. 2 4 Feb. Feb. 6 36 Jan. 17 28 26 Jan. 6 15% Feb. 21 12% 3% 27% 3% 7% Feb. Feb. Feb. Jan. Jan. 10 d Jan. 26 30 Jan. 5 3% Jan. 9% Jan. 11 % Jan. 10 36 Feb. 6 36 29 Feb. 28 29 1 12% Feb. 3% Feb. 10 27% Feb. 26 8 3% Feb. 1 8% Feb. 5 %. Feb. 1% Feb. 23 6 5% Feb. 6 5% Feb. % Feb. 14 % Feb. 19 3 3% Feb. 10% Feb. 28 7 20% Feb. 17 6% Jan. 21 Jan. 19 Feb. 24 6 Feb. 13 .Tan. Jan. 24 1 Jan. Jan. 14% 19% 46% 5% 7% 24 27 Feb. 3 90% 62% 4% 4% Feb. 1 29% Feb. 3 4 9 3% Feb. 9% Feb. 1 %s Feb. 2% Feb. 5 Feb. 23 5 6% Feb. 20 % Feb. % Feb. 14 7% Feb. 16 6 5 19 11 Feb. 19 22 Feb. 17 13 1 10 2 29 15% Feb. 21 Jan. 6 4 10 1% Feb. 23 Jan. 4 Jan. 8 6% Jan. 24 4% Jan. % Jan. % Jan. 3% Jan. 9% Jan. 8 Jan. 23 19 Jan. 11 % Jan. 20 Feb. 16 Feb. 19 15 4 22 1% Jan. 8 Jan. 168% Jan. 50% Jan. 6» 6 23 Jan. 41 8 iTH Feb. 17 1% Jan. 42% Jan. 24 22 30 169 Jan. 22 55% Jan. 8 30 3 54 51 Feb. 1 54% Feb. 2 83 % Feb. 7 76 Jan. 3 22% 79% Feb. 21% Feb. 15 21% Feb. 15 21 Jan. 17 22 Jan. 7 13 10% 39% 18% 4% 10% Feb. 15 11% 39% 18% 4% Jan. Feb. Feb. Jan. 8 6 20 6 15 80 21% 2 25 3% 8% Sale 6 6% Feb. 24 2 6% Feb. 5% Jan. 13% J an. 24% Jan. 16 10 9 101 Feb. 1 11 86% Feb. 28 56% Feb. 17 47 24 9 Feb. 21% 5% % 2% % % % Sale Sale 2 30 3% 1% 17% 16% 17 26 3% 7% Sale 2% 20% 5% 10% 12% 4% 36 3% 8% 6% 7% 7 30 30 6 3% 38% Sale 20 Feb. 1 25% "6% 6 % 1% 3 26 14% 12% Feb. 16 23 Feb. 1 45% "46% 45% 101 102% Sale 4 4% 4% 3 2% 2% 3 3% 28% 2 11% Feb. 14 Feb. 20 101 7% 37% Ig 17% Sale 100 23% Nat Republic Invest Trust— Cumul conv pref 2% 86% 53% 15% 77 60 21% 5 Sale 23 Sale Sale Sale 5% 17% Sale _ 11% % 15% 22 A- 17 % 4% 3% 16% 75 140 Muskegon Mot Spec class Sale 15% 4 * 630 Mountain States Power pref 100 12% 3 25% Midland United Co common.-* National 2,900 2,550 15% McQuay-Norris Mfg com 270 Mapes Consol Mfg capital 25,180 Marshall Field & Co com 150 Monroe Chemical Co com Preferred 110 800 9% 11% * 3% % 1% 3% 26 4 * "A" 210 2 25 * 2,015 Lion Oil lief Co capital-267 Liquid Carbonic common 3,500 Loudon Packing common 500 Lynch Corp common 940 McCord Rad & Mfg 5 11% Sale 14% 13% 1 % 4% Sale 100 2% * 1,960 Lindsay Light & Chem com. 10 Preferred —10 740 8% 102 Sale 99 % -.10 400 Le Roi Co common Sale 6 8% 98% 43 % 1% 3% 24% 6% 6% 6,998 Libby, McNeill & Libby com.* * 1,650 Lincoln Printing Co com $3.50 preferred 310 * 600 40 ----- 4 1 5 * 950 Leath & Co common Cumulative preferred 10 500 1,100 2% 88 Sale 3 * $6 preferred 2,300 Kingsbury Brewing Co cap 1,100 La Salle Ext Univ common 400 20 2% 86% 61% 3% 25 44% 250 200 23% 1,260 Kentucky Util jr cum pref. .50 620 6% preferred. 100 1,350 Ken-Rad Tube & Lp com A— * 1,550 Kerlyn Oil Co common A-—5 400 450 4 12% 1 4% 12% 16% 17% 16% Sale 19 3^ Sale 45% 49% 3,000 20 15 % * 370 Iron Fireman Mfg Covtc 6,720 Jarvls (W B) Co new capital-.1 * 1,650 Jefferson Electric Co com 450 Joslyn Mfg & Supply Co com.5 1 6,150 Katz Drug Co common * 4,350 Kellogg Switchboard com Preferred 100 160 200 180 13% 14 3,037 Internat Harvester common—* 20 Interstate Power $7 pref * 2,610 2,005 13% 3,650 Illinois Brick Co capital----10 100 2,804 Illinois Central RR com 1,200 Indep Pneum Tool s t c new- - * 1 991 Indiana Steel Prod com 130 200 3,000 * 5 1 10% Feb. 39% Feb. 15 40 18% 17% Feb. 10 11% 5 1% 6 4 Feb. 19 1 Feb. 15 Feb. 28 1 2 Feb. 6 Feb. Feb. 20 Feb. 14 37 Jan. 2 16% Jan. 18 4 Jan. 25 83% Feb. Jan. 9 Feb. 26 Feb. 28 Jan. 3 29 28 Feb. 2 Feb. 29 28 3 Feb. 20 3% Jan. 7% Jan. 6 30 Feb. 15 27% Feb. 19 32 Feb. 3% Feb. Standard— Common stock 10 3,350 5,300 Nobhtt-Sparks lnd Inc cap—5 4,100 North American Car com_._20 * 130 Northern Paper Mills com 1,450 Northern 111 Finance com--__* * 7,250 Northwest Bancorp com * 250 Northwest Eng Co capital 90 Nor West Util pr lien pref..100 7% preferred 100 1,490 240 Nunn-Bush Shoe common__2% 155 Omnibus Corp common. 690 Ontario Mfg Co common 6 * 27 Sale 27 31% 3% Sale 28% 3% 7% 10 K 7% 10% 10% 4 16 11 10% 17 Sale 60 70 IT4 27% Sale Sale 8 27% Sale 26 32 Sale 28 Feb. 2 Sale 16 3 Feb. 20 Sale 11 Feb. 6 3% 8% 15 7% 10% 10% 16% Jan. 30 3 Jan. Feb. 27 Jan. 22 Feb. 23 62 Feb. 23 Feb. 1 18 Feb. 7 12% Feb. 3 12 Jan. 28 12 Feb. 12 12 11% 17 10% 18% 10% Feb. 16% Feb. 27 17 5 18 Feb. 63 66 62 Feb. 23 62 19 74 Sale 10% 19 2 11% Feb. 18% 20% 19 12 13% 12 13% 12 19% 13% 12 Feb. Feb. 7 16 12% 12% 14% 13% 14% Sale 13% Feb. 11% Feb. 13% Feb. 12 13% 12% 20 14% 13% 11% 23 12 Feb. 1 8% 29% 11% 9 Feb. 26 9 Feb. Sale 31% 13% Feb. 3 12% Feb. % Feb. 16 38* 29% 12% % 29 12% % 40 40 42 14% 15 15 14% 3 1% 22% Sale 38 36% 27% 26% 17% 18 32 12 Feb. 12 Jan. 19 20 18 Feb. 15 70 Jan. 11 22% Jan. 11 16 42.% Jan, 18 13% Jan. 19 11% Feb. 23 14% Jan. 5 12 Jan. 23 9 Feb. 26 Oshkosh B'Gosh Inc— 120 260 240 270 150 450 170 150 150 1,998 1,622 320 800 450 105 850 1,540 670 570 650 650 450 .__* Common Convertible preferred 350 Parker Pen Co (The) com. * ::io 600 Peabody Coal Co B com__ ...5 .100 230 6% preferred 30o Penn Elec Switch conv A. ..10 * 400 Penn Gas & Elec A com 5% 24 12 % 1% 23% 2,979 Peoples Gas Lt & Coke cap .100 * 610 Perfect Circle (The) Co 88* 27 1.550 Pictorial Paper Pkg com... :::-5 850 Pines Winterfront common ...I 4% * 225 Poor & Co class B 850 Potter Co (The) common.. -.1 3.397 Pressed Steel Car common 1,790 Quaker Cats Co common— 72 » Preferred 1,200 Rath Packing common 800 Raytheon Mfg Co com— 6% preferred 140 Reliance Mfg Co common. 700 For footnotes see page 56. * 12* % 14% 119 TOO 145 .10 45 50c % % 11% -_5 .10 13% % 41 "IB" :i5o 3,983 Pennsylvania RK capital-_ 8 31 , 15% 2% 2 Sale Sale Sale "48" 1 % 13% 3 Sale 38 28% 4% % 9 10 Sale 27% 5 % 10% % 11% 119% 151% 48% % % 11% Sale 10 % 13 33% % % 35 11% 13 1% 1 5 % Jan. 22 29% Feb. 20 12% Jan. 25 9 % Feb. .Tan. 12 40% Feb. 21 14% Feb. 15 15 Jan. 2 Jan. 11 17 3 15 8 5% Feb. 14 15 2 Feb. 15 21% Feb. 35% Feb. 3 23 Feb. 21 1 7 38% 27% 5% % 10% % Feb. Feb. Feb. Feb. Feb. Feb. 15 Feb. 26 153 % 11 Jan. Feb. 2 Sale 1 4 Jan. 2 u* Sale* uH 12* Sale Jan. 12 15 5 Sale 7 29 Feb. Sale 4l| 26 Feb. 20 Feb. 16 9 Feb. Feb. 21 Feo. 15 14% Feb. 40 4% % % 11% 10% 10% % 11% 118% 120 118% Sale 9 29% 12% % 40% 14% Feb. 26 Feb. 23 Feb. 27 6 Feb. 13 Feb. Feb. 28 Feb. 20 123% Feb. 150 Feb. 33 Feb. 19 % Feb. •% Feb. 14 2 21% Jan. 35% Jan. 15 26 1 - Jan. Feb. 16 7 14 4% Jan. 8 5 % Feb. 23 7 16 9 • 10% Feb. 27 6 % Feb. 11% Jan. 23 2% Jan. 24% Jan. 38% Feb. 28 4 % 12% % 14% 123% Jan. Feb. 7 154 Feb. 29 Jan. 4 Feb. 16 Jan. 2 7 118 .Tan. 3 Feb. 29 150 Feb., 3 52% Feb. 1% Feb. % Feb. 14 33 Feb. 19 20 % Jan. 22 2 % Jan. 11 55% Jan. 17 1% Feb. 20 % Jan. 25 11% Jan. 12 12 3 154 9 40 Jan. 30 56 CHICAGO AGGREGATE SALES PRICES IN FEBRLARY CHICAGO STOCK EXCHANGE Since February Jan. 1 Shares Shares STOCKS 1940 Par Bid _ com (new).* 50 140 3,800 430 Sivyer Steel Castings com * 5,300 South Bend Lathe Wks cap_-5 2,140 3,740 Southw G & E Co 7% pref.,100 50 Southwestern Lt & Pow pfd—* 900 ""1,041 2,061 Spiegel Inc common 7 140 2,050 41 2,851 5,123 Stand Oil of Ind capital 25 430 Stein & Co (A) common * 450 Sterling Brewers Inc common. 1 2,986 Stewart-Warner Corp com 5 500 Storkline Furniture com 10 7,000 Sunstrand Mach Tool com—5 17,355 Swift & Co capital stock 25 3,563 Swift Internacional capital.-15 1,750 Texas Corp capital 25 2,350 Thompson (J R) common—25 2,350 Trane Co (The) common 2 30 50 1,558 250 3,000 7,605 2,060 1,238 950 1,050 932 200 226 5,178 640 1,800 1,350 1,500 1% 25% 9 JrA 27 Sale 29 9% 83% 1% 10 Sale Sale 9% 84% 85 % 27 10 Sale 1,250 3,456 3 ,150 6,899 136 20 „ 1,945 709 400 60 950 100 200 170 Ask Bid 1 % 1% 1% 28 29 29 15 14 17 Sale 17 14 23 Sale 107% 95 Ask Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices 41 42 75% "12% Sale Sale iS* 7 15% 22 Sale 32 Sale 4 14% 4% Sale 1% Wahl Co common * 20% Walgreen Co common * 21% Wayne Pump Co capital 1 26% Western Union Teleg com. .100 West'house El & Mfg com 50 116 Wieboldt Stores Inc com * 6% 90 Cum prior preferred * Williams Oil-O-Matic com * 1% 1% Sale 22 Sale 117% Sale 550 1,350 400 2,980 • 13,300 Common .-* 2,400 Woodall Indust common 2 2,024 Wrigley (Wm Jr) Co capital * 1,100 Yates-Amer Mach capital 5 4,890 Zenith Radio Corp common * No par value. x Ex-dividend. 4% 3% 84% 2% 16 5 4 88 2% 16% 27 81% Jan. 1% Feb. 13 1 2 Feb. Jan. 20 30 Jan. 14 27 Feb. 16 Feb. 29 16 Feb. 29 17 Jan. 29 Feb. 24 14% Feb. 14 Jan. 18 2 Feb. Feb. 28 15 15 25 15 111 Jan, 22% Feb. 108% Feb. 10% Feb. 13 25 1 111 8 15 39 13 80 13% 1% 2 2% 1% Sale 2% Sale 1% 1% 15 1% 7% 6% 2 Sale 7 16% Sale 32 16 22% 31% 42% 4% 13% Sale Sale 14% 80 Sale 15 Sale 26 Sale 13 14 1% 8% 6% 19% 2 Sale 7 Sale 23 Sale 31% 44% Sale Sale 4% 16 4 15% ft* 9% Feb. 38% 75% 12% 1% 1% 25% 12% 1% 7% 6% Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 16 Feb. Sale 15% 1% 21% 22 23 22% 22% 23% 23% 107 108 111% 6% 7 6% 1% 1% 5% 4% 86% 3% 15% 5% 4% Sale 5% 3% 85% 3% 15% Sale Sale 99 Jan. 11 Jah. 15 24 4 38% Feb. 1 7% 13 5 7 7 1 1 Feb. 10 Feb. 10 Feb. 6 Feb. 13 17 Feb. 7% Feb. 7 Feb. 21 19 12 Jan. 1% 7% 6% 15% Jan. 15 5 Feb. Jan. 29 9 Jan. 78% Feo. 3 84% Feb. 21 15% Feb. 14 1% Feb. 1 45% Feb. 15 1 4% Feb. 15% Feb. 21 20 1 1 Feb. 9 56 Feb. 17 Feb. 8 Feb. 1 Feb. 5 9 Feb. 9 Feb. 27 40 Feb. 27 Feb. Feb. Feb. Feb. Feb. 13 2 Feb. 5 2 Feb. IVA 1 22% Feb. 19 23% Feb. 25% Feb. 2 113% Feb. 14 7 Feb. 16 93% Feb. 13 1% Feb. 5% Feb. 27 5% Feb. 4% Feb. 89 Feb. 4 Feb. 8 85% Feb. 20 3 Feb. 13 5 14% Feb. 2 Feb. Feb. 1% Feb. 14% Jan. 1% Feb. 86% Feb. Feb. 26 1 61 Feb. Feb. 19 117 Feb. 20 1% 1 Feb. 2 Feb. 1% 2 6 3 78% Feb. 14% Jan. 15 1 1% Feb. 81% Feb. 26 16 19 10 15 8 15 13 3 2 9 3% Feb. 1 16% Feb. 23 115% 1% % 1% ft* rA 7% 19% 23% 32% 45% Jan. 3 Jan. 22 Jan. 23 Feb. 17 7 Feb. Feb. 21 Feb. 14 4 15 4% Jan. 17 15% Feb. 21 16 Jan. 4 Feb. 7 13% Feb. 15 2% Jan. 30 2% Jan. 19 3 2 32 Feb. 80 Feb. 28 31 6% Feb. - Feb. 1 Feb. Feb. 27 8 Jan. Jan. 24 Jan. 22 Jan. 93 Sale 4% Sale Sale Sale ?8 51* % 38% 75% 11% 1% 1% 25% 22 2 1% 22 21% 23% 23% Sale 22% Sale 108% 2 15 7 15 30% Jan. 42% Jan. Sale 93 1% 5 31 14 • 1% Sale 21% Sale 17 1 Feb. 13% Feb. 80 Feb. 28 Jan. 28 ' « 23 28 38% Feb. Jan. 9% Jan. Feb. 81% 56% Sale 116% 117% 115% 1% Sale 1% VA Sale % % % 1% 1% 1% ,1% 20% 19% 40 38% 59 2 4 23% Feb. "81"" "83"" Sale 1 27 87 11 Feb. Feb. 20 1 Feb. Feb. 14 6 14% Feb. 22% 31% 42% 4% Sale Sale 22% Jan. 108% Jan. 97 75% 9 4 28 Sale 37 3 26 7 99 13 Feb. 14 14 80 1 % Jan. Feb. 30 Feb. Wisconsin Bankshares— 5,900 15 Feb. Feb. Feb. Sale 108% Jan. 9 2 12% 24% Sale 26 9 30 15 23 Sale 39% 85 1% Feb. 27 26 1 16 12 115% 1 1 Feb. 10% Feb. 7 29 Sale 78 86 6% 30 16 90 2 Sale 1% Feb. 1 Feb. Feb. 27 82% Feb. 1% Feb. 29% Feb. 38% 13 1% Feb. 27 Sale 10% 12 6 9 2 Sale 26% 2% 27 Sale 30 9% 1% *VA 26% Sale 13 Sale Sale 30 18 97 10% Sale 12 1 % 1 % Sale 22% 108% a 90 397 Bid 87% Sale 3,981 Union Carbide & Carbon cap.* 16% Sale 2,923 United Air L Transp capital-.5 200 United Gas Corp common 1 83~86~~ 864 U S Gypsum Co common 20 66% Sale 14,021 United States Steel common._* Sale 1,292 7 % cumul preferred 100 117 1% Sale 3,350 Utah Radio Products com 1 % % 2,100 Utility & Ind Corp common..5 2,350 Convertible preferred 7 \A 19 Sale 250 Viking Pump Co common * 40 Sale 120 Preferred * 1,957 541 2 7 St Joseph Lead Co cap 10 210 St Louis Nat Stockyards cap..* 1,150 Standard Dredge (new) pref_20 4,755 Common (new). —1 141 Standard Gas & Elec com * 750 Feb. 29 Feb. 1 Ask Mills— Common Sangamo Elec Co Schwitzer Cummins capital 1 Sears, Roebuck & Co capital—* Serrick Corp class B common.l 600 Signode Steel Strap Co pf—30 450 Common * 380 1 Price Jan. 2 Rollins Hosiery 2,550 3,400 2,150 5,655 1,200 2,730 RANGE SINCE JAN. „ In 1,550 1,250 1,400 STOCK EXCHANGE 88 16% 1% 87% Jan. 22 68% Feb. 19 118% Feb. 20 % Jan. 30 5 Jan. Jan. Feb. Jan. 3 Jan. 3 Feb. 1 Jan. 25 3 4 Jan. Jan. Jan. 2 20 Jan. 5 12 5 24 39% Jan. 12 40 Jan. 12 19 1% 20% 22% 22% 106% 6% 91% 1% . Jan. Jan. Feb. Feb. 5 2 Jan. 10 2 Jan. 15 22% Feb. 8 Jan. 17 24% Jan. 3 Jan. 15 28% Jan. 4 Jan. 23 117% Jan. Jan. 25 7% Jan. 10 Jan. 13 93% Jan. 15 9 Feb. 13 1% Jan. 4 5 Jan. 4 Jan. 3 84% Jan. 2% Jan. 14% Feb. 29 8 5 5% Feb. 4% Jan. 89% Jan. 3% Jan. 16% Jan. 3 6 5 19 3 If* Baltimore Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON BALTIMORE STOCK EXCHANGE Stock February Sales Shares. - Jan. 1 to Feb. 29 AGGREGATE SALES Since February Jan. 1 60,600 20,500 2,000 3,000 Shares STOCKS 7,563 Arundel Corp 54 Atlantic Coast L (Conn) 2,517 Bait Transit Oo com vtc 1,353 2,103 4,145 1st preferred v t c 65 Black & Decker common 938 Oonsol Gas E L & Power 286 454% pref B 50 Davison Chemical Co com 65 434 123 50 1.245 450 379 96 1939 125 3,183 Houston Oil preferred 9,150 Mar Tex OR.... Common class A 5,319 940 5 5 * 50 * * ♦ 100 Maryland & Pa RR com -.25 1 .1 100 72 70 460 240 2,912 656 399 424 Northern Central Ry_ 18,450 Owings Mills Distillery 893 Penna Water & Power com 4,500 623 62 2054 5 750 Western National Bank 303 par value. x 2954 34 94 Ask Bid Sale 35 95 54 103 54 100 31 Ask Sale 3654 Sale - RANGE SINCE JAN. 1 Highest Lowest Highest Sale Prices Sal&iPrices Sale Prices Lowest Sale Prices 29 Feb. 5 34 Feb. 10354 9554 Feb. 10354 Feb. 100 101 21 Sale 1.55 Sale 20 % Sale 8054 82% 117% Sale 45c Sale 1.80 Sale 1954 Sale 19 Sale 19 42c Sale 40c 1.70 Sale 20% 80 83 79% Sale 118 119% 118% 119 1034 Sale 30% Sale 123 30% 9% 125 Feb. 31% 6 3654 95 54 2 6 10354 20 101 32% 10 31% 9% 30 2 1 60 1 ♦ 20 19 Feb. 1.60 Feb. Feb. 24 Feb. 26 Feb. 2 Feb. 6 Feb. 20 21 Feb. 14 17% Feb. 1 46 Sale 17% Sale 17 35c 3ac 48c Sale 50c 48c Sale Sale 45c 50c 42c 35c 55c 30c 2654 Jan. 31 92 Jan. Jan. Feb. Feb. Jan. Jan. 24 Feb. 20 2154 Jan. 16 3154 3654 95 54 12 103 54 4 15 4 10354 Jan. 101 Feb, 20 101 258 27% 14% .... 28% 13% Sale 2 Feb. 20 Feb. 21 35c 45c 67% 68 1.35 15% xl5% Sale 1.35 1.25 1.50 89% 00% Sale 20c Sale 3354 Sale 26 27 12 2 Feb. 29 Feb. 9 15 Feb. 1.25 Feb. 13 7 20 13 20 2954 Feb. 13 254 Feb. 26 47 Feb. 27 Feb. 4654 Feb. 13 15% Feb. 23 1.45 Feb. 88% Feb. 1 24 29c Feb. 26 72 7 87 67 87 Feb. 75 40 36 / Feb. 2 90 35 60c 258 Sale it* 6 15 1 68 Ex-dividend" 5 Feb. 15 80 Sale 26 Feb. 23c 21 8954 Feb. 23 9 2 Jan. 4 154 Jan. 4554 Jan. 4454 Jan. 1254 Jan. 11 1.25 Feb. 13 28 4 8 4 Feb. 1 Feb. 16 67 87 75 4 Jan. Feb. 24 Feb. 26 Feb. 7 Feb. 2 36 Feb. Feb. 2 75 Feb. 2 17 36 Feb. 17 8 2354 Feb. 21 34 1 35 Feb. 8 88 2254 Jan. 3354 Jan. 2 15 260 23c Feb. Feb. Feb. Jan, 13M Jan. 5 22% Feb. Feb. 8 55c Jan. 25 1.85 Jan. 26 21 Feb. 15 83 Jan. 6 20 5 1.50 Jan. Feb. 15 7854 Jan. 22 8 11954 Feb. 10 116 Jan. 6 754 Feb. 6 754 Feb. 1154 Jan. 3 8% Feb. 13 Jan. 3 27 Feb. 15 31 5 130 Jan. 8 126 Jan. 5 3254 Feb. 27 3054 Jan. 10 Feb. 5 6 954 Jan. 50 Feb. 6 46 Feb. 14 2 17 Jan. 1754 Feb. 15 4 60c Jan. 9 40c Jan. 55c Jan. 11 30c Feb. 21 Feb. 72~" Sale" Sale Sale 23 Feb. Feb. 27 Feb. 21 Feb. 29 2 Jan. 21 10 260 13% Feb. 29 15 87 23% 34% Feb. 1754 Feb. 50 Feb. Feb. Feb. 37% 22 % 26c 15 19 9 9 28% Feb. 13 Sale Feb. 19 40c Feb. 46 15 21 8 Feb. Feb. 46% Feb. 88% 19 28 55c 2 258 28% "2% "3 43% 13% Sale 1.40 1.50 86% 89 1 Feb. Feb. 1.85 Feb. 20 48c 2 1.25 Sale 9 15 20% Feb. 30 130 Sale ~ Feb. 9 2 83 Feb. 13 78% Feb. 5 11954 Feb. 10 .118Feb. 6 6 7 54 Feb. 7% Feb. 8% Feb. 13 954 Feb. 23 17 13% 16%. Feb. 21 Feb. 29 9% Sale 28 27 Feb. 15 30 29% 12754 128 126% Feb. 16 128 32% 31% 33 31% Feb. 19 3254 10 10% 9% Feb. 13 10% 9% 9% Sale 28% 127 100 5 Seaboard Oomm'l 5% pref -.50 13,767 U S Fidelity & Guar—.. 2 5 Feb. 29 Feb. 1 Bid 22 40c 82 Phillips Packing Oo 554 % Pf 100 5 Real Estate Trust Oo -100 3,464 No Preferred 43 National Marine Bank 6,791 New Amsterdam Casualty 6,681 North Amer Oil Co com 38 Jan. 1 to Feb. 29-.-- 1 189 Mercantile Trust Co. ,_50 986 Merch & Miners Transp * 612 Monon W Penn PS 7% pref.25 420 MtVern-Woodb Mills com. 100 118 535 1939 $147,900 472,500 par 230 Finance Co of Am class A 5 125 Guilford Realty Co 6% pref100 1,173 5,700 - PRICES IN FEBRUARY 2,646 Eastern Sugar Assoc com v.t.c.l Preferred v.t.c. 1 1,170 1,070 Fidelity & Deposit-20 533 Fidelity & Guar Fire Corp 10 494 1940 $257,600 638,450 Sales ... Price BONDS Shares 54 February Jan. 3 Ask $ BALTIMORE CITY BONDS- Bid 27 Sale 475,000 Balt Transit Oo 4s flat..--1975 A 5s Hat 1975 110,450 3154 32% B 5s 1975 28,500 4,000 Finance Co of Amer4%-.1947 103 54 3,000 Interstate Bond Oo 5% -.1946 100 5,300 ♦ 1939 30,505 94,413 BALTIMORE STOCK EXCHANGE In $ 154,500 - Bond 1940 38,359 93,958 17 15 2 Feb. Jan. 9 15 1654fJan. 11 2954|Feb. 13 2 54fJan. 26 Jan. 9 4654 Jan. 13 1554 Feb. 23 1.45 Jan. 11 8954 Feb. 23 48 Jan. 3 7254 Jan. 9 11 40c 89 75 36 Jan. Feb. Feb. 2354 Jan. 35 Feb.. 2 17 19 8 Boston Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON BOSTON STOCK EXCHANGE Stock Sales 1940 February Shares. Jan. 1 to Feb. 29____ ______ 1939 . 282,466 639,438 Bond Sales February. 334,182 849,431 — Jan. 1 to Feb. 29 1940 1939 $45,100 88,650 $26,750 78,300 AGGREGATE BOSTON SALES Since February Jan. 1 $ 30,000 5,850 3,000 4,650 345 335 BONDS 69,000 East Mass Series B 7,750 Series C 3,000 Series D 7,300 St RR 1940 Par Bid A 4%s '48 1948 92 5s 6s 1948 96 6s 1948 96 ser - 1948 STOCKS Shares First 94 102% preferred 50 35c 15H 50c % lH 171 Sale" 30 31% 390 92 Sale 11% Sale 78 Sale 2,519 1,432 1,270 15 249 76 9 982 3,643 332 952 101 121 6% cum pref 100 Bird & Son, Inc.. Boston & Albany 100 Boston Edison Co .100 Boston Elevated -.100 Boston Herald Traveler Corp.* Boston & Maine pref stpd 100 Common (stamped) 100 preferred ClaSs A 1st pref stpd 1st preferred class A Class B 1st pref stpd . Sale 8% Sale 2 2 100 2% Sale 2% 2% 1% 2% 1% 2% 2% 1% CI E 4% % cum. pf std-_100 1,504 2,314 Boston Personal Prop Trust..* 226 429 Boston & Providence 100 520 Brown & Durrel Co common.* 527 1,044 Calumet & Hecla 5 2,139 3,440 Copper Range Co 37 East Boston Co * 40 210 225 916 45 "2",358 30 50 80 678 106 50 537 ""l25 27 527 375 2,068 756 1,617 960 530 35 1,634 625 8,074 43 400 53 111 861 2,335 459 345 190 2,554 1,144 " 2,356 ""675 ^6,551 134 3,495 ""395 265 155 * ..10 992 Eastern Gas & Fuel Assn com.* 4%% cum prior pref 100 6% cum preferred.......100 620 Preferred B 483 Adjustment 5,296 Eastern SS Lines, Inc 45 Preferred .100 100 100 100 * * 5 Economy Grocery Stores * 5,135 Employers' Group Assoc.....* 140 General Capital Corp * Georgian Inc (The)— 55 8% cum class A pref 20 302 Gilchrist Co ;_* 2,059 Gillette Safety Razor Co _.* 327 Hathaway Bakeries class A...* 120 Preferred.. * 1,447 Class B * 50 Int'l Button Hole Mach Co. .10 635 Isle Royale Copper 15 47 Loew's Theatres (Boston) 25 1,284 Maine Central 100 575 Preferred 5% 100 3,064 Mass Util Associates vt c 1 2 ,714 Mergenthaler Linotype * 4,546 Narragansett Rac'g Assn Inc.l 960 National Ser Co common. 1 530 National Tunnel & Mines * 170 N E Gas & El Assn pref * 4,359 New England Tel & Tel 100 1,007 N Y N H & Hartford 100 19,157 North Butte Mining 2.50 58 Northern RR (JN H) .100 1,046 Old Colony ^ 100 98 Certificates of deposit 343 Old Dominion Co 25 1,180 Pacific Mills. * 7,039 Pennsylvania RR 50 941 Quihcy Mining Co 25 605 Reece Button Hole Mach * 240 Reece Folding Mach Co 10 4,667 Shawmut Assn. * 3,591 Stone & Webster Inc. * 100 Suburban Elec Secur com * 4,912 Torrington Co (The)_......_* 200 Union Cop Land & Min Co..25 995 Union Twist Drill 5 10,894 United Shoe Mach Corp 25 681 6 % cum preferred 25 4,932 Utah Metal & Tunnel 1 41 Vermont & Mass Ry Co 100 1,258 Waldorf System Inc.._....._* 469 Warren Bros. ♦ 160 Warren (S D) & Co common. _* No par value. arE>. dividend 1 2 14 844 East Mass St Ry Co 117 First preferred Sale 1 100 1st pref class C 100 Class D 1st pref stpd.--.100 Class D 1st preferred 100 537 Sale 100 146 95 2,750 2,261 Sale 18% 10% 83% 148% 40% 19% 100 100 1,183 1,427 Sale 44 % 31 98 2% 1st preferred class B...__100 Class C 1st pref stpd 100 ""357 170% 3 767 Sale 38c Sale 1% 15% 172% _ % 9% 264 257 370 13 j 2% 180 50 14 145 % 100 309 100 Lowest Highest Sale Prices Sale Prices Sale 50c 1% Sale" Feb. 1% Feb. 13% Feb. 17034 Feb, 50c 35c 1% 1534 172% 34 %> Feb. __ Preferred Prior Highest Sale Prices 93 Feb. 13 94% 95% Sale 95% Feb. 29 98 Feb. 6 99 Feb. 9 99 100 99 6 103% 102% 106% 103% Feb. 6 103% Feb. 102 103% 102% 106% 102% Feb. 21 103% Feb. 6 103% 103% 523 Assoc Gas & El Co class A 1 130 Bigelow-Sanford Carpet com. * 2,765 5,110 6,099 2,999 2,366 Ask 102 17,501 American Telep &Teleg_._100 2,325 Lowest Sale Prices Feb. 29 Ask Bid 93% 98% 93 311 2,040 Bid 92% Jan. 93% Jan. 103% Feb. 102 Jan. 16 95% 16 99 6 103% 30 103% Feb. 29 Feb. 9 Feb. Feb. 6 6 par 2,740 American Pneumatic Service._* 1,215 6% non-cum preferred 50 415 Feb. 1 Ask 7,016 ""'175 1 Price Jan. 2 Series E 6s Shares 1,400 RANGE SINCE JAN. PRICES IN FEBRUARY STOCK EXCHANGE In 2% 14" If 17 1 6% 4% 7c 5^ 20c 1% 2% 1% 1% 1% 2% 1% 12% 17% 28 Sale 101 102 11 Sale 84 Sale Sale 19% 6% 4% 7c 44% 11% 140% Sale 49% Sale 19% Sale 1 2 2% 2 2% 2 2 Sale % 7% Sale 2 4 2% 3 2 8% 2% 3% 2% 3% 2% 3% 4% 3% 2 5 3 2 2% 2 2 2 2% 2 3 2 Sale" 19 Sale" Sale 20c 3% Sale 14 16% 1% 7% 5% 6c Sale 19 Sale 60c 15^ 2% 3% 16 % 15% 21 23 15% 23% 30% 2% 3% 4 24 18 Sale 15 23 Sale 1 6% 3 1 1% 6 6 654 4% 1034 8334 140% 40% 19 Feb. Feb. Feb. Feb. Feb. 2 Feb. 102 16 14 Feb. 8 1% Feb. 1% Feb. 1% Feb. 7 2 16 10% Jan. 78 2 Feb. 834 Feb. 14 8 2 Feb. 1 2 Feb. 28 234 1% 134 134 Feb. 16 Feb. 21 8 Feb. Feb. 20 17 19 Feb. 1.00 2% 4% Sale % Jan. 8 1234 Feb. Feb. 2 8 1% Feb. 834 Feb. 21 5% Feb. 21 1% Feb. 0% Feb. 4% Feb. 92 Jan. 14434 Jan. 44% Jan. 1834 Jan. 3 Feb. 9 Jan. 2 Jan. 17 2% Jan. 2% Jan. 1 Jan. 17 1 7% 1% 1% 1% 1% 1% 1% 2% 2% 1% 12% 16% 1 2 Feb. 6 4 Feb. 2 29 25 Feb. 29 16 1534 Feb. 23" "Feb. 1 3 1 1 6% Feb. 434 Jan. 25 5 2434 Feb. '29 3034 Feb. 14 10% 234 2% 2% Jan. Jan. 4 5 5 Jan. 6 Jan. 25 2% Jan. 10 Jan. 15 Jan. 4 2 1* 5 2% Jan. 1% Feb. 13 14% Feb. 28 19% Jan. 1% Feb. 23 20 3% Jan. 15 48 % Jan. 21% Jan. 8 1 Jan. 15 63 Jan. Feb. Feb. Jan. 16 1734 Jan. 2% Jan. 4% Jan. 3 25 25 Feb. 29 1834 Jan. 21% Jan. 29% Jan. 1834 Jan. 4 17 24 h Feb. 29 24 31% Jan. 4 Jan. 17% Feb. 20 15 5 4 5c 25 Jan. Feb. Feb. 1 Feb. 9 1 Feb. 9 Jan. 5 Feb. 7 4% Feb. 9 Jan. 20 30 6% Feb. 434 Feb. 26 6 Jan. 3 Jan. 10 2% Jan. 2 8 Feb. 39 Feb. 2 8 9 Feb. 36 Jan. 9 Feb. 27c 75c 31c 65c 32c 65c 25c Feb. 32c Feb. 9 25c Feb. 6 Feb. 17% 1% 12% 17% 1% 12% Jan. 1% Jan. iiH 25 22 2% 17 4% Sale 3c 2% 15 5 10c 1% 3 38 125 Sale 8 2% 15% 5% 10c "J% 34 1% 30 Sale % 64c 59 Sale 52c Sale Sale 61 27c Sale 25c 28c 23c 10c 14% 23% 1% 9% 1% 12* 60c 30 % 7c 24% Sale Sale 2% 9% Sale Sale Sale 1.00 Sale 10 c 28 84% Sale 43% Sale 47c 55c 80 90 7 6% 1% 25% 1% 11c 13% 21% 6% 1% 26 534 Feb. 5c 1% 131% 1% ,o3/8 56c Feb. 6 23 Sale % Feb. 2% Feb. 15% Feb. 534 Feb. 5 6c Feb. 9 15 26 5 14 15c 6 22c 15% 23% 1% 8% 1% Feb. 15 Feb. 20 Feb. 16 Feb. 13 6 Feb. 12 11c 22c Feb. 13% Feb. 23 Sale 22% Sale 2 1% 8% Sale 1% 1% 11% Sale 10% Sale 45c 89 7 1% 7% 1% 30 15 26 5 14 90 Feb. % Jan. 28c 2* 9 Feb. 21 Sale 54c Feb. 4 8 13 Sale 1% Feb. 13 23 Feb. 15c 7c Feb. Feb. 22c 27% 5c „ Jan. 28c "25% 4 Feb. 3 25c 21 Feb. 3 1% 8% 134 10% 9% Feb. 13 Feb. 23 Feb. 21 2 Feb. Feb. 24 28 Feb. 13 Feb. Feb. 34 13 Feb. 21 45c Feb. Jan. 2 61 Jan. 17 Feb. 27 25c Jan. 26 Jan. 24 29 18 11 29 11c Jan. 6 19c Jan. 14 3 Feb. 30 Jan. 23 Jan. 3 Jan. 4 1% Feb. 13 834 Jan. 20 2 134 Jan. Jan. 16 12 13% Jan 21 Feb. Jan. Feb. 6 17 Feb. 17 Feb. 10 10% Jan. 9% Feb. 4 10% Feb. 24 Jan. 5 57c Jan. 22 Jan. 22 21 29 Jan. 15 Feb. 21 8 Jan. 8 65c Sale Jan. 15 Sale 56c 15 4 26 75% Feb. 27 31% Feb. 2% Jan. 14% Feb. 4% Jan. 13 Jan. 30c 80c 10 124 34 Jan. 7 1 Sale Jan. 8 6 1% Feb. 22 13 Feb. Feb. 10 % Sale Jan. Jan. 13 1% Feb. 3434 Feb. Feb. 76 6 12 1334 Feb. 634 Jan. 2 13134 Feb. 2 % Feb. 14 60c Feb. 1 % Feb. 26 7 3434 Feb. Sale" 126% Feb. 15 Feb. 7c 50c 84 5 9c 9 Feb. 27c 81% Sale 43% 5% 6c 8% Feb. 25 45c 70 9 24 734 Feb. 27 22% Feb. 29 5 2% Feb. 14% Feb. 13 1% Feb. 26 5 1434 Feb. Sale 2 30 15 17 13 "40c" 8% 1% 56c 15 1 % Feb. 13 34 Feb. 27c 70 1% 10% 10% 8 22% Sale 2% Sale 34 127% % 26c 22c 4% ilHSale 7 24 20 24 29 1 37 18 8 434 Feb. 634 Feb. 4 ,Feb. 41 12% 1% 13% 7% 23 10 1 37 16 7 8 Jan. 40 "2" 5 8% Feb. 2i 5% Feb. 21 3% 30% 1A 4 25 17 Jan. 43 12 % 15 Jan. 2 36 14% 6% 21% 5 29 5 Sale 4 16 2 8 2% Feb. 25 15 5 5 29% Feb. 4 17 Feb. 6134 Feb. 31 Jan. 5934 12% 1% 3 % 15 Sale 5 13 1 1% Feb. Feb. Jan. Feb. Feb. Jan. Feb. 5934 Feb. 1234 Feb. 25 Feb. 20 Feb. 14 7 Feb. Jan. 29 7 Feb. 2 Feb. Feb. 16 3 Jan. 60c 14 Feb. 1 75c Feb. Feb. 11% Jan. 86 15 149% Jan. 2 49% Feb. 4 20% Feb. 42 1 3% Feb. 2 47% Feb. 29 2 1934 Feb. Feb. 60c 2 102 29 2 5<J 2% Feb. 20 1 44% Feb. 17% Feb. 20 Feb. 5 60c Jan. 18 Jan. 17 2 Jan. 20 5 Feb. 15% Feb. 28 5 Jan. 15 172% Jan. Jan. 10 Jan. 16 Jan. 10 Jan. 15 32 8 Feb. 134 Feb. 13 14% Feb. 28 134 Feb. 1% 1334 167% %6 2834 1134 Feb. 5 149% Feb. 4934 Feb. 29 2034 Feb. 15 7% Feb. 20 1% Feb. 14 7 134 Feb. 2 Feb. 35c 86 17 24 % 30 4% 2% 15 16 31 Feb. 97 1 20c 62 b 30 18 29% % 6 17 2 1 4 60 12 4 5% Sale 19 60c 58 3% Sale" Sale 1.00 61 62 14% 17% 2% 47% 21 58 11% Sale 2 1 3 2% Sale 43% Sale 20 99c 2 27 31% Feb. 1 Feb. Feb. 28 Feb. 29 7 Feb. 29% Feb. 32 Feb. 2534 Feb. 28 Feb. 9 25% Jan. 4 Feb. 9 72 Feb. 8234 Feb. 2 72 Feb. 29 Jan. 43% 43 Feb. 44 Feb. 5 42% Jan. 12 Jan. 2 5 50c 45c Feb. 50c Feb. 16 45c Feb. 10 Jan. 87 Jan. 18 5 Jan. 17 28 13 Feb. Jan. 16 Feb. 6 5c 20c 28 Sale Sale 1% 6% Feb. 1% Feb. 27 Feb. 7% Feb. 28 1% Feb. 16 30 Feb. 6 Jan. 6% Jan. 1% Jan. 26% Jan. 3 3 I ' V THE CLEVELAND STOCK EXCHANGE RANGE OF PRICES ON Shares_ February Jan. 1 to Feb. 29 40,361 28,675 February. 78,315 70,467 Jan. 1 to Feb. 29. 1939 1940 Bond Sales 1939 1940 Stock Sales AGGREGATE In Jan. 1 Shares Shares 175 225 60 85 Apex Electric & Mfg Prior preferred 122 177 uBond Stores 6 Canfield Oil 6 17 common.— 405 22 532 "~45 common. 115 101 25 50 7 21 * 255 540 389 35 22 10 35 150 444 Murray Ohio 20 625 62 865 295 "'722 267 z35 34 Jan. Feb. 5 Sale 11 Feb. 1 Feb. 1 Jan. 19 1834 Jan. 1234 Jan. 734 Jan. 115 34 Jan. z3254 Jan. 50 50 1334 4234 1334 Feb. 27 102 18 13 Sale 15 4134 prices in primary markets Unlisted. on 21 Feb. 5 al5 1934 734 1134 "2534 10 Sale 22 734 634 1034 1034 1434 1434 1934 12 13 1434 1334 2334 15 Sale ^634 Sale 9 1254 2034 3834 8 8 31 48 33 48 % 20 4% UK UK 56 % 58 5% 5 com.. ..2 which odd lot sales were 21 39 834 334 6 634 1 134 12 40 23 % based, 9% 61K UK 40 K 23 % z 10 Jan. 20 a7 14 z3534 Jan. 1634 Feb. 1634 Feb. 6 334 534 134 954 33 Jan. 15 z42 34 Feb. 7 1734 Jan. Jan. 33 9 15 34 60 Feb. 19 41 24 _ 15 z37 734 434 Jan. 30 2434 Feb. 18 2934 1154 934 Jan. 26 Feb. 23 50 51 z21 34 Feb. z234 3634 134 z54 Jan. 12 Jan. 9 Jan. 24 2 2 10 10 9 10 Feb. 19 14 Feb. 6 Feb. 8 14 1334 2 o2134 6 3934 9 a834 5 a61 10 Feb. Feb. 10 Feb. 21 Feb. 23 534 334 634 134 1034 Feb. Feb. 27 Feb. 21 Jan. Reflects range of prices in primary 17 9 9 8 4 Jan. 4 3 34 Jan. Jan. 30 3 z27 5 .. 154 Jan. 27 4 Jan. 26 40 1 22 z1854 Jan. 29 3034 Feb. 3 zl9 34 Jan. z6 34 Feb. 13 z23 Feb. 21 z754 Jan. 31 z1234 Jan. 3 8 934 Jan. 1334 12 34 zl854 3634 z7 24 2 2 Jan. 2 10 Jan. Feb. 19 14 Jan. 4 Feb. 14 14 Jan. 19 Jan. Jan. 22 z23J4 Jan. 3 3934 Feb. Jan. 16 3534 Feb. Feb. 2 Feb. 21 z2734 Jan. Feb. 20 z4634 Jan. 4 Jan. Feb. 14 z934 Jan. Feb. 21 1434 Jan. Feb. z5534 Jan. 534 Feb. Feb. 6 334 Jan. Feb. 15 534 Feb. Feb. 27 134 Feb. Feb. 21 954 Feb. Feb. 3 all34 Feb. 7 ol234 Feb. a3934 Feb, 24 04234 Feb. 02334 Feb. 8 a24% Feb. 9 8 zl5 34 Jan. Feb. 30 10 6 Feb. Feb. Feb. Feb. Jan. 8 Feb. 28 Feb. 17 Feb. 27 Feb. 12 15 zl3 34 Feb. 23 zl654 Feb 1 39 17 34 Jan. 60 Jan. Z33 34 Jan. z834 Jan. 3 27 5 Jan. 6 15 >.3434 Feb. 19 z52 Jan. 20 2 26 36 3 534 Feb. 14 Feb. 21 15 zl3 1454 Jan. 22 z6854 Jan. 3 534 Jan. 18 3 % Jan. 10 6 3g Feb. 21 134 Feb. 23 1034 Jan. 23 3 3 20 25 — 27 21 2 Jan. 26 Feb. zll34 z3854 Jan. 22 z48 34 Jan. Feb. z22 5z2834 Jan. 15 65 12 Jan. " 9 3 6 3 20 Feb. Feb. 4 12 17 Feb. 9 10 ^ Jan. „ Feb. 134 Feb. 10 Feb. 15 8 1334 1234 al934 3634 z25 34 _ Feb. Feb. Feb. Jan. 7 ol634 Feb. 7 02434 Feb. 37 16 3 9 10 58 34 a5634 Feb. 5 34 Feb. 534 3% 41 14 zl0334 Jan. 22 4 Jan. 29 3 26 z29 Jan. Jan. 20 6 20 4 2 3534 Feb. 3534 5 a3434 3334 a3034 Feb. 4834 a4934 Feb. 16 a5034 434 Feb. 26 534 534 1134 01134 Feb. 15 al234 4 1% 11K 1234 4734 2834 1434 1334 22 Jan. 9934 Feb. 13 15 Sale Jan. 15 10 13 25 15 5 134 Feb. 10 52 34 Jan. 50 Jan. Feb. Feb. 31 1 6 51 3 13 21 1 1634 20 Feb. 2854 Feb. 26 1134 Feb. 26 29 3 15 z24 54 Feb. 14 Feb. 26 Feb. 1734 Feb. Sale 30 Feb. 29 30 3034 Feb. 2134 2234 O2034 Feb. 26 a2234 Feb. Feb. 2 a7 654 634 a654 Feb. Feb. 3 all34 Feb. 1034 olO 1034 134 1634 4 Feb. Feb. Feb. 3 3 1 Feb. Feb. 26 1 Feb. a2234 Feb. 2 Jan. 11 28 Feb. Jan. 15 zl9 54 Jan. 15 z2034 Jan. 27 13 Feb. 6 03434 Feb. 734 Feb. 3434 a34 434 28 "35"" 2854 1134 1234 934 50 5034 Sale 7 6 3 Feb. Feb. 2 a39 7 19 354 Feb. 13 3334 Sale * 13 Feb. 3634 35 com. * 6 3 11 3634 ' Youngstown Steel Door 1734 Feb. 17 Upson-Walton m 7 Feb. 10** 112 Feb. Feb. 3 Jan. Jan. Feb. z934 Feb. 28 z12 34 Jan. Feb. 20 40 34 Jan. Jan. 9 1734 Feb 60 .... 555 YoungstownjSheet <fc Tube 17 13 27 Jan. 37 34 16 17 Stouffer Corp— Class A $2.25 cum pref Thompson Products Inc com. 1,342 112 uTimken Roller Bearing com. 1.190 Troxel Mfg 112 3934 Feb. Feb. 45 335 20 6 26 25 14 28 al034 Feb. 1 3 11 Feb. Feb. 60 1834 50 17 Jan. 50 26 a2734 Feb. 23 1334 Feb. 50 14 alOl Jan. zl634 Jan. z2154 Jan. 13 34 Feb. 1 65 334 zl7 5 60 Sale 2 Jan. 6 1734 31 z21 54 zl954 3 34 334 Feb. 19 z37 34 Feb. 29 z41 z2034 Jan. 18 z23 54 27 Feb. 50 65 2734 1034 Feb. Jan. Feb. 50 60 6 45 1334 Feb. 1 5 5 8% 574 Weinberger Drug Stores...... * 115 W R I Corp 6% prior pref .100 1 624 White Motor 13 Feb. 35 com 7 20 Feb. 16 30 632 Feb. Feb. 19 35 Nineteen Hundred Corp A 185 Ohio Brass class B_. 375 uTwin Coach common 325 Onion Metals Mfg Co 1,836 uU S Steel common 15 1534 Feb. 134 % 1834 com 2 Feb. 1534 770 National Tile 302 Nestle LeMur "A" 853 uN Y Central RR com 6,122 Richman Bros 495 Seiberling Rubber Co 9 Feb. 1534 39 3,431 uRepublic Steel common 19 33 36 ... Feb. 8 31 34 34 common 10 41 a9934 Feb. 4134 a3834 Feb. 1634 Feb. 1734 18 23 344 Patterson-Sargent 583 Reliance Elec & Eng com.... 7 11434 Feb. 24 z2734 Jan. 15 35 Sale 16 common Feb. Feb. 534 2634 02534 Feb. o934 Feb. Sale 3734 Feb. 2234 334 ... Feb. Feb. Feb. 29 a40 3 a22 Feb. Feb. 28 al834 8 O2034 Feb. 6 o2454 Feb. 14 Feb. 26 60 334 3634 134 25 nH 17 50 2834 1234 4234 1634 1634 434 1234 Feb. 13 Feb. 15 4 2 z40 34 20 1734 Jan. 66 41 Feb. Feb. 5134 10334 2 _ 1634 Feb. 1134 Feb. 1534 462 Vlchek Tool 192 Warren Ref & Chem Reflects 17 13 20 16 a2034 Feb. 19 334 Feb. 13 26 1 60 54 Jan. 5 27 zll434 Jan. 10 5 2634 440 """375 20 24M Feb. 7 3 2,084 Van Dorn Iron Wks Co 303 2334 1834 65 1934 Feb. 1534 Feb. 2034 al934 334 "3734 a3734 2134 a2134 1734 al734 Sale al734 2334 02234 14 1334 ~41~~ 634 Feb. Sale 26 ..... 967 192 Feb. 300 uNat Malleable Steel Cast com 1,136 Otis Steel Co 521 Packer Corp 385 39% 10 1,963 National Refining $6 prior preferred 1,321 364 1,759 3,532 Feb. 5034 14 % 1.098 uOhio Oil 134 483 2134 134 Jan. 51 23 115 12 12 26 zlll 220 Myers (F E) & Bros Co com.. 900 National Acme Co com 414 92 3% 40 K 2234 18% 1934 2334 Feb. 9 20 21 16 21 65 88 23 zl234 Jan. 15zl434 Jan. 26 Feb. 17 6 17 z9434 Feb. ~"z98 zl654 Jan. 11 1634 -Ian. 11 29 50 2534 Mfg.. 8 116 Jan. 5 z2434 Feb. " Feb. 2034 12% "16 23 Feb. Feb. 9 2 " 2 Feb. 27 10 Jan. 52 51 alll 7 4 21 Feb. Jan. 26 zl934 Jan. 10 34 Feb. 954 Feb 13 z6034 Jan. 14 zl234 Jan. Jan. 1 55 Sale 11 85 13 134 Feb. 20 4 100 Monarch Machine Tool Co... ' 3634 Sale Sale Feb. 17 41 Steel Prod 6334 Feb. 65 20 19 z22 z6 13 27 all 134 Feb. 7 O4034 Feb. 4034 a3734 Feb. 2 115 a96 aQH Feb. 2 al334 Feb. 17 a98 Feb. x 834 11434 Feb. 24 11534 Feb. 5 a3234 Feb. 3134 a5054 Feb. 45 Feb. 2 4934 4534 Feb. 1534 2834 1634 ... 2,243 Miller Wholesale Drug 100 183 — 3 26 3034 1334 1334 3 34 1234 ........ Metropolitan Pav'g Brick pf 100 339 Midland 130 1.795 500 Jaeger Machine Feb. al334 Feb. 6 o2234 Feb. 2 29% 4934 114 12 45 McKee (Arthur G) class B... 472 Medusa Portland Cement 107 1834 1734 1134 7K 2834 100 McKay Machine 35 _ 36 36 ....... 345 Leland Electric .135 uMartin (Glenn L) common.. 225 598 SS 571 Kelly Island L & T— 3,293 Lamson-Sessions 417 2,803 1634 102 3 1,505 Interlake 649 98 18 42 Hanna (M A) $5 pref 473 Harbauer Company 690 ^Industrial Rayon com 485 wlnterlake Iron common 270 97 ~46% ... 65 16H IK 195 Greif Bros Cooperage A com. 5 145 Halle Brothers Preferred 50 137 ... T 94 58 Highest Sale Prices 2434 a2254 Feb. a634 Feb. 13 113 Lowest Sale Prices Sale 12H 100 Preferred 32 20 731 com.. 1,123 Goodrich (B. F.) Co. common 1,348 Goodyear Tire & Rub com 101 Great Lakes Towing 100 687 702 125 ... 565 General Tire & Rubber 410 uGlidden Co common 100 530 1 com 14 Fostoria Pressed Steel 718 wGeneral Electric com 356 180 59 50 wFirestone Tire & Rub com. .10 14 249 3 100 5 282 Faultless Rubber Co m 12H 100 320 Commercial Bookbinding-._. 695 Dow Chemical 5% pref 100 ' 1.509 Eaton Mfg. Co.common 170 Elec Controller & Mfg 20 133 ,552 74 5K 59 K 6 100 715 Colonial Finance Co 8 22 * 1,787 Cleveland Kys 13,693 Cliffs Corp 8 87 Highest Sale Prices 2 *17 K' Jan. al734 Feb. 26 al834 Feb. Feb. 9 9 Feb. 19 1034 Feb. 21 Jan. 8 9 Feb. 8 954 Feb. 27 7 Feb. 9 7 Feb. 9 634 Jan. a58 Feb. 3 o5834 Feb. 26 z5634 Jan. Feb. 14 1134 Feb. all34 Feb. 14 al2 18K —1 Lowest Sale Prices Feb. 29 1 Bid * 100 1 30 Clark Controller 2.537 Cleveland Builders Realty * 870 Cleveland Cliffs Iron $5 pf * 30 Clev El IU $4.50 cum pref * 922 wCleve Graphite Bronze com.l 2,312 636 common 2,352 City Ice & Fuel 46 6K% preferred 673 6,757 365 - 2,590 Brewing Corp of America 1,379 Feb. 1940 Par 63 121 u STOCKS 330 Amer Coach & Body 5 u American Home Products—1 180 a Jan. 2 311 uAddressog-Multigraph com. 10 175 Air-Way El Appli 1st 7% pr 100 500 Akron Brass Mfg common----* 147 305 1 Price STOCK EXCHANGE Since February RANGE SINCE JAN. PRICES IN FEBRUARY CLEVELAND SALES markets. Jan. Jan x 22 65 24 zl3 54 3 4 No print sales only* RANGE OF PRICES ON DETROIT STOCK EXCHANGE 1940 1939 j 249,427 221,643 I Sock Sales February.... Shares_ / Stock Sales Jan. 1 to Feb. 29. Shares. 1940 1939 461,273 523,372 AGGREGATE DETROIT STOCK EXCHANGE SALES In Since February Jan. 1 Shares 400 5,665 1,625 3,053 295 323 STOCKS 2,245 Auto City Brewing common.. 1 1 5,482 Baldwin Rubber common 295 Bohn Aluminum & Brass 5 1,408 1,691 2,098 1,850 Bower Roller Bearing Briggs Mfg Co common .1 Burroughs Adding Mach Burry Biscuit Corp __* 12%c * * Chamberlin 266 700 12,153 163 """352 2,158 449 1,325 2,175 1.200 357 680 942 Divco-Twin Truck Co. Durham Mfg Co common. 1,273 12,315 1,564 1,975 450 806 120 514 1,087 17,702 5,143 8,451 7,875 7,883 3,101 3,287 1,800 7,5&8 "3",350 "~3", 270 "6",830 3,955 7,620 2,812 2,750 5,646 2,382 3,532 200 500 18,109 11,580 3,749 1,976 2,841 22,398 ~ 3,771 1,720 2,954 1,773 672 1,802 8,967 350 200 42 1,189 3,663 1 * * General Finance Corp com 1 General Motors common 10 Goebel Brewing Co common. .1 Graham-Paige Motor com .1 Grand Valley Brew common.. 1 .* * _ Class B _* Hudson Motor Car .* Hurd Lock & Mfg Co com Kingston Products Corp Kinsei Drug Co common Kresge (S S) Co 1 1 1 10 common Lakey Fdy & Mach common.. 1 * 10 _ Micromatic Hone Corp 1 Mid-West Abrasive com 50c Moore (Tom) Distillery Co... 1 Motor Products Corp com Motor Wheel common * 5 Murray Corp common 10 Muskegon Piston Ring com 2.50 10,362 Tivoli Brewing Co common.. 1 876 Union Investment Co com * 546 1,687 United Shirt Distributors....* 3,700 United Specialties common...1 200 U S Graphite Co new com. .5 420 200 ""450 100 U S Radiator common.... 1 Preferred 215 __5o Universal Cooler class A * Class B. * 1,450 1,198 1,323 Universal Products common..* -—— " ... Foa footnotes see page 61. 23 Sale" IK 6% Sale 23% Highest Sale Prices 1% Feb. 2% Feb. 8 5 Feb. 6 18c 1% Feb. 3% Feb. 20c Feb. 14 9 23 IK Feb. 2% Feb. 8 Jan. 12 18c 5 6% Feb. 9 24% Feb. 29 6% Jan. 20 24% Feb. 29 32 Feb. 6 32 32 20% 1% 20% Feb. 6 Feb. 5 21% Feb. 8 1% Feb, 20 5 12 Feb. 9 15 1 Feb. 1 87c 20 90c 98c 12 Lowest Sale Prices 34 20% Sale IK 3% 20c 6% Sale 24% Sale 19% 1 Highest Sale Prices 33 80c 11% Ask 11 90c 12 Sale 6% Feb. 20 24% Feb. 29 90c 11% Feb. 87c Feb. Feb. 6 9% 1 % Jan. 6 9 3% Feb. 3 Jan. 3 Jan. 24% Feb. 29 25c 7 35 Jan. 3 Feb. 6 19% Jan. 11% Jan. 26 18 2 Feb. 15 9% Jan. 3 3 Jan. Feb. 20 4 Jan. 5 Jan. 3 9% Jan. 82% Feb. 26 15% Jan. 16 88c Jan. 22% 1% 12% 1% 9% 95c Sale "16 % 80c Sale 123% Sale IK IK IK IK IK 15 K IK IK 15% Sale 87c Sale 4% Sale 25% Sale 5% Sale 29 K 5% Sale 14 n 2K Sale Sale 83% 66c 73c Sale" 72c 124% 120 1% 1% 1% IX 1% 1% 90c 1% 15 14% 15% 19 20% 9% 1% 1% 122 5 4% 23 21% 12% Sale 4% 4% 2% 2% 27% 31% 4% 4% 32 33 13 10% 3 2% 52% Sale 2% . 72c 5K 6K 5% 18K 13 K 15% 14 30 33% 13% 5K 13% Sale 11 45c Sale 47c IK 2 5% 75c 6 6% 18 14% 34% 11% 5% Sale 1% Sale 82% Feb. 26 1 15% Feb. 82% Feb. 26 15% Feb. 1 82% Feb. 26 15% Jan. 24 75c 87c 75c 4 Feb. 24 Feb. 14 1% Feb. 14 Feb. 1 4% Feb. 1% Feb. 2 14 18% Sale "15 K 13 % "85c" 2 19 75c Sale Sale Sale 14% Feb. 28 15 19 21 14% Sale 4 4% 2% 2% 30 31% 5 4% 70c 7% 15% 13% 12 4? 35 12% «§* Sa^ 73c Sale 6% 17% 14 Feb. Feb. 26 1% Feb. 1% Feb. 1% Feb. 17 Sale" 4% 10% 2% 52% 2% 1% Feb. 29 5 1% Feb. 95c 24 32 18% Feb. 27 18% Feb. 80c Feb. Feb. 23 70c Feb. 119 Feb. 28 123 91c ..... Sale "70c" 83% 4% Sale 2 "18% 33 "3K "l~K 5 5 81% 80% 3 19 Sale 8 8% Feb. 23 Feb. Jan. 13 15% 4% 2% 31% 4% Feb. 9 Feb. 15 Feb. 7 Feb. 14 32 Feb. Feb. Feb. Feb. 16 1 Feb. 1 54% Feb. 2% Feb. 1% Feb. 65c Feb. 8 75c Feb. 5% Feb. 9 17% Feb. 7 7 1 2 16 Feb. 6 Feb. Feb. 26 14 10% Feb. 2% Feb. 16 11% Feb. 5% Feb. 5 3 12% Feb. 6% Feb. 46c 41c 9 47c 1% Feb. 1 Feb. 1% Feb. 53c 40c 45c 42c 45c 35c Feb. 15 42c Feb. 24% 25 25 25% 4% 1% 25 26 25% Feb. 14 26 Feb. 4 IK 4K IK 1% 21 90c 18c 25c 2K Sale 40c Sale 2K 4K 7K IK 25c 11% 15% 6 3% 44% 19% 8% 1% 6% 1% 1% 2% 2% 24% 4% 1% 1% 12 96 23 95c 6K Sale Sale 33c 12 16% Sale Sale Sale 20% Sale 1% 6% -2 2% 3% Sale 25 5 1% 13% 100 24 2% Sale 2% 5 4 4 Sale 4% 2% 5% 1% 18% 2% Jan. 3 30 21 Feb. 19 8 3 3 8 25 32% Jan. 90c Jan. 22 27 60c Jan. 6 7 9 Jan. 16 5 6 8 26 Feb. 29 5 15 2 5 33 13% 2% 55% 2% 1% 75c 28 Feb. 4% Jan. 2 5 Feb. Jan. 2% Jan. 16 7 24 31% 4% 23% 15% 4% 2 15 Feb. Jan. Jan. Jan. 1 9% Feb. 27 2% Jan. 28% Jan. Jan. 3 Jan. Jan. 30 24 Jan. 5 Jan. 3 Feb. 2 Jan. 5 Jan. 27 7% Feb. 29 5% Feb. 9 17% Feb. 13% Jan. 7 Jan. 14% Feb. 3 15 11% Feb. 5% Jan. 5 22 13% Jan. 6% Feb. 3 17 Feb. 9 Jan. 10 Feb. 15 41c 1 % 35c 24% Jan. 15 Jan. 13 4 1% Feb. 20 2% 7 81c 40c 11% 16% 6% 3% 43% 21 22% 9% Sale 4% 9% 4*0* m ..... Sale Sale 43c Sale 17% IK Sale 3% Sale 43 43% 20 20% 9 1 a 8% Sale 1% 2 1% Sale 2% 3 2 2% 24% Sale 4% Sale 1 1% 1% 1% 13% 15 99 100% 21% 21% 2% Sale 2% 3% 3% 4% 4% aV/s Sale 87c Sale 8% 1% 1% 2% 10 1% 9% 1% 1 % 3 2 22 4% 23% 5% \K 1% Sale 13 14 99 22% 22% 2% Sale 3% Sale 3% 4 5 Sale 8 74c Feb. 4% Feb. 8 Feb. i% Feb. 38c Feb. 7 29 23 16 14 2 2 10% Feb, 29 5 16% Feb. 3 6% Feb. 3% Feb. 43 Feb. 5 2 20% Feb. 23 9 Feb. 1% 8% 1% 1% 2% 1% Feb. 9 Feb. 1 Feb. 23 Feb. 9 Feb. 23 Feb. 27 23 7 Feb. 21 4% Feb. 1 % Feb. 1% Feb. 1 2% Jan. 9 40c Feb. Feb. Feb. 17 2 7 29 27 29 30c 22c 13 10 ?* Feb. Feb. 4% Feb. 9% Feb. Feb. 80c 41c Feb. 3% 43% 20% 10% 1% 9% 1% 1% 3 2% 24% 5% 1% 1% 17 8 18 8 Jan. 9 1% Jan. 10 52c 4% Jan. 1 % Jan. 5 24 8 4 1% Jan. 11 50c 26 y Feb. 9 Feb. 1 Feb. 3 Feb. 27 Feb. 8 5 1% 18 3% 17 16 40c 25c 7 Feb 29 r 74c Feb 23 83c 4 Jan. 26 Jan. 2 26c Jan. 2 Jan. 4 10% Feb. 29 16% Jan. 17 5% Jan. 15 3% Jan. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 19c 29 11% Feb. 13 18% Feb. 27 8% Feb. 16 2 13 90c Feb. 2X Feb. Feb. 30c 19c Jan. Feb. Jan. 26 Feb. 40c Sale 8 3% 3% IK 11 Jan. 13 43 Feb. 20% 8% 1% 6% 1% 1% 2% 1% Feb. Jan. Jan. Jan. Jan. Jan. Jan. Feb. 15 2 Feb. Jan. 17 2 Jan. 18 Feb. 29 Jan. 3 4% Feb. 29 ?8 43c Feb. Feb. Jan. 11% Jan. Ws 29 17 27 Feb. 25 27 Feb. 16 Feb. 15 Jan. 8 23 8 Jan. 31 Feb. 19 23 Jan. 15 8 Jan. 3 2 19 Feb. 5 Jan. Jan. 25 Feb. 27 Jan. 3 15 Jan. 3 23 Feb. 21 Jan. 4 Jan. Jan. Jan. Jan. 26 Feb. 29 24 Feb. 3 27 9 Feb. 13 Jan. Jan. 26 Jan. 17 14 Feb. Feb. 4% 1% 1% 13% 99 Feb. Feb. 99 Feb. 21 Feb. 8 12 Jan. 3 Feb. 2% Jan. 2 Jan. Feb. 16 Feb. 3 Jan. 13 Feb. 3% Feb. 4% Feb. 7% Feb. 5 6 19 Feb. 3% Jan. 17 Jan. Feb. 4 Jan. 10 Feb. Feb. 7% Feb. 19 2% Jan. 30 Feb. 27 26 5 8 19 Jan. 30 Jan. 19 Jan. 24 1% Jan. 12 16% Jan. 10 1% Jan. 18% Feb. 3 10 22% Feb. 2% Feb. 21 3 10 2% 3 Jan. 26 28 Jan. 4% Jan. Feb 1 19c 99c 3% 5 8% Sale 1% 1% 8 4% Feb. 1% Feb. 15 20c 40c Sale 1% 9 1% Feb. 20 Feb, 23c 21c 10% 16% 5% Feb. 90c 98c 38c 4 Sale Sale 76c 4% 1% Jan. 30% Jan. 20 4% Feb. 17 20% Jan. 15 12 15 3 Jan. 10% 2% 51% 2% 17 17 Jan. 1% 1% 1% 15% 14 10 8 85c 29 22 Feb. 7 8 18% Jan. 29 18% Feb. 29 ..... 92c 8 83c 4% 23 2 28 125 32 7% Feb. 29 17% Feb. 14% Feb. 12% 6% 1% Sale Feb. 8 Feb. 7 1% Jan. 19 32 Feb. 14% Feb. 23 28 Feb. Feb. 1% Feb. 3 31% Feb. 28 8 4% Feb. 2 70c 119 91c 17 6 8 5 5 2 19 1 2 Jan. 19 28 Feb. 7 5 4% Feb. 27 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 14 10 Jan. 3% Jan. 23 1 % Feb. 14 18% Jan. 29 2 16% Jan. Feb. Feb. 31% 4% 22% 12% 4% 2% 30% 4% 10% 2% 52% 2% 29 24 Feb. 9 K Feb. 50c . ■ Sale * _ \* 4,566 3,016 Stearns (Frederick) common..* 5% cum part pref. 129 100 4,926 Timken Axle common ..10 2,600 IK 3% 18c 2 3 1,724 River Raisin Paper com ♦ 3,250 Scotten Dillon common. Z10 10,967 Sheller Mfg Co common ..1 475 Simplicity Pattern common..1 Standard Tube Co class B.. .1 874 3% Gar W ood Industries com 1,312 Prudential Investing Corp 1 4,805 Reo Motor common ..5 1,117 Rickei (H W) & Co common. .2 490 90c 4% 2K 27 K 4K 32 K 10% 2% 54% 2K _ 558 IK 3% 20c 5 90 K * 16", 430 3,840 2 18c 14 1 Packard Motor Co com ♦ * 7,658 Parke Davis & Co. 3,503 Parker Rust-Proof com.".".". 2_.50 * 6,073 Parker Wolverine Co com 1 2,745 Peninsular Metal Products * 7,789 Pfeiffer Brewing Co com 9,72§ 4 IK Lowest Sale Prices Feb. 29 Ask Bid 27c 9 Frankenmuth Brewing com Fruehauf Trailer Co com 2,402 Michigan Sugar common. Preferred 478 1,350 378 8,837 7,750 1,700 1,046 1,569 18,732 UK IK 9K 12 K LaSalle Wines & Champagne.2 Mahon (R C) class A pref. .* Masco Screw Products 1 .* 1,833 McAleer Mfg Co common 12,402 McClanahan Oil Co common. 1 1,100 Michigan Silica Co common.. 1 500 Mich Steel Tube Prod....2.50 1,833 6,650 21% * Hoover Steel Ball common. 10 1,772 Hoskins Mfg Co common..2.50 1,660 2,885 4,000 1,830 1,300 2,112 1,502 1,025 2 1 Bid 23 Federal Mogul commonFederal Motor Truck com Houdaille-Hershey class A 2,451 5 8,304 Hall Lamp Co. common Home Dairy class A 510 6% 3 ""§27 " IK 2 25c Feb. Ask 4 660 Gemmer Mfg Co class A Class B 598 400 "'"668 1 Eaton Mfg Co common 891 Eureka Vacuum Cleaner 2,718 Ex-Cell-O Con> 16,213 2,169 4,979 1,719 2,261 Bid 1 "2",360 515 1 Metal Weather Strip Co common 5 1,844 Chrysler Corp common 5 753 Consolidated Paper com 10 1 2,804 Consumers Steel Products 20,722 Continental Motors common. 1 273 Crowley, Milner & Co com * 100 Cunningham Drug Stores.2,50 452 Deisel Wemmer Gilbert com.10 .10 5,354 Detroit & Cleve Nav com 943 Detroit Edison common 100 2,105 Detroit Gray Iron Fdy. 1 4,275 Detroit Mien Stove common-.1 2,190 Detroit Paper Products 1 574 Detroit Steel Corp common 5 * 680 Detroit Steel Products 622 """395 5 * Brown-McLaren Mfg Co 100 Capital City Products Casco Products Corp 1,844 1940 Par Shares 860 Allen Elec & Equipment 1 5,665 Atlas Drop Forge common 5 1,040 3,769 2,191 4,634 3,330 RANGE SINCE JAN. PRICES IN FEBRUARY Price Jan. 2 5 18 1% Feb. 17% Feb. 2 9 1% Feb. 18% Feb. 2 10 61 STOCK EXCHANGE DETROIT March, 1940] AGGREGATE Since February Jan. 1 Shares 420 1,095 8,070 14,770 1,950 350 11 UNLISTED DEPT.— ——* 2,424 American Radiator 542 Amer Tel & Tel Co 100 788 Borden Company 15 375 546 Borg Warner Corp common--5 2,081 Commonw & Southern Corp__* 700 Consolidated Oil Co * 248 Dow Chemical Co com---—* 1,187 General Foods Corp 1,485 upp Motor Car Corp 1 552 Ihternat Industries com——1 300 17 423 1,085 1304 358 320 755 Bid 23# 3 1# 1 9c 1# Sale AX 12c 6# 7# 78# 104 11 11# Ask Ax 16c 30c Sale Sale 9# Sale 170# Sale 23 Sale 1 Sale 10 .1 * 1,623 Kroger Grocery & Baking Co.* 6,120 Nash-Kelvinator Corp.. ...5 2,049 National Dairy Products——* * 7,967 New York Central RE.. 162 Purity Bakeries Corp * 1 Sale 1# Sale 205 708 883 Socony-Vacuum Corp——15 * 6,037 Standard Brands Inc.—. 885 3,712 No par value, Deferred delivery sales, a Sale 16# Sale" 16# Sale 16" Sale Sale 5# Sal© 124 11# Sale 20c 10 Feb. Feb. 5 x Feb. 8 Feb. Feb. Feb. Feb. Feb. Feb. Feb. 21 47 Feb. 172# 23# 23# 1# 7# 156# 48# 87c Feb. 1 Feb. 1 1# 2# 34# 28# Feb. Feb. Feb. Feb. 1# Feb. 2# Feb. 6 Feb. 16# 15# 14# 11# 21 9 16 21 15 15 1 38# Feb. 21 30 Feb. 26 7# Feb. 16 6# Feb. 17 Feb. Feb. Feb. Feb. Feb. 13 8 17# Feb. 14# Feb. 15 Feb. 9 7# Feb. 5 12 6# Feb. Sold for cash, r 30 28# Sale 6# Sale Sale 6% Sale 16# Sale 18# Sale 9 1 Sale' 150# 29 15c 7# Feb. 150# Feb. Sale" Sale 1 Feb. 15 Feb. 23 1 Feb. 10 3# Feb. 7 1# Feb. 20 1# Feb. 28 27 3# Feb. 7 1# Feb. 13 170# Feb. 22# Feb. 22# Feb. 7*4 Sale 48# Lowest Sale Prices 5*4 54 5# 6# Feb. 24 84 6# Feb. 6 104 Sale Feb. 29 104 Feb. 29 104 784 104 10# 10# 10# 11# 10# Sale 171# Sale Highest Sale Prices 26# Feb. "3# 1# Sale 1*4 AX 17c Lowest Sale Prices Feb. 29 Ask Bid 27 26 3# 3 Ask Bid 24 27 3 4 443 Jacobs (F L) Co com.509 Kennecott Copper Corp 2,125 * Feb. 1 1940 Par .... 295 508 ♦ STOCKS —* Class B-...............—* 1,215 21,004 Warner Aircraft Corp "corn— 1 15,270 Wayne Screw Prod common—4 4,850 Wolverine Brewing Co com—1 930 Wolverine Tube Co com -2 11 Preferred. —100 449 Young (L A) Spring & Wire—♦ 276 1 Price Jan. 2 Shares 420 Walker & Co class A 1,130 RANGE SINCE JAN. PRICES IN FEBRLARY DETROIT STOCK EXCHANGE SALES In Highest 26# Feb. 9 3# Jan. 22 1# Jan. 2 1 Feb. 15 10c Jan. 5 6# Jan. 31 Sale Prices 27 Feb. 10 3# Feb. 7 1# Jan. 8 1# Jan. 11 Feb. 5 6# Jan. 19 20c Feb. 29 104 12 Jan. 19 104 11 9 4 10# Jan. 5 172# Jan. 23# Feb. 21 Feb. 167# Jan. 21# Jan. 22# Feb. 1 Jan. 7# 145# 45# 87c 1# 2# 34# 28# 6# 16# 15# 14# 11# 5# Jan. Jan. Jan. Jan. Jan. Feb. Feb. Jan. Jan. Jan. Jan. Feb. Feb. Jan. Feb. 29 Jan. 4 3 3 4 15 2 Jan. 2P 8 Jan. Jan. 156# Feb. 48# Jan. Jan. 2 1# Jan. 11 6 2# Jan. 4 38# Jan. Feb. 26 30 7# Feb. 16 17# 18# 15# 12# 7# Jan. 5 Jan- 3 17 2 19 Jan. Jan. Jan. Ex-dividend. RANGE OF PRICES ON THE PHILADELPHIA STOCK EXCHANGE Stock Sales February... Shares_ Jan. 1 to Feb. 29--——— AGGREGATE SALES February % $ 29.500 Shares 976 1.921 245 60 647 605 2,467 125 256 2,428 2,956 200 95 3,914 240 1,589 8,146 6,756 101 200 264 2.090 20 340 567 925 1939 227,676 471,869 181,656 413,648 PHILADELPHIA STOCK EXCHANGE Since Jan. 1 In 1940 120 500 381 993 1,682 2,762 811 43,341 583 194 200 * PRICES IN FEBRLARY BONDS 1940 181,500 Elec & Peoples tr ctfs 4s.-1945 STOCKS Shares 1939 $70,000 134,000 RANGE SINCE JAN. 1 11# Feb. Ask Sale * —.100 4,642 American Tel & Tel 245 Bankers Sec Corp pref 50 145 Barber Asphalt Corp 10 1,350 Bell Tel Co of Pa pref-100 1,165 Budd (E G) Mfg Co— » * 3,114 Budd Wheel Co 458 Chrysler Corp. .—...5 401 Curtis Pub Co common... * 4,459 Electric Storage Battery * ...—.10 5,550 General Motors 12# 171 14 14 122# 54 5# 90# 4 28# 54# 12# Sale 16 14# Sale 5# Sale Sale Pennroad Corp vtc 16,044 Pennsylvania EE 166 Pennsylvania Salt Mfg 23,761 ... 1 ..60 ..60 200 Penn Traffic common 2 23# " * .2# 144 Phila Insulated Wire * Sale 19 2# Sale 11# Sale 11# 8 Sale «Sg 120 34# 2# 1 # 8# 2 Sale 15 Feb. Lowest Highest 1 Sale Prices 14 Feb. 10 Highest Sale Prices 11# Jan. 13# Feb. 123# Feb. 17 124# Feb. 5 Feb. 5 5# Feb. Sale 5 5 Feb. 6# Feb. 3 83# 80# Feb. 86# Feb. 1 4# Feb. 3# Feb. Sale 29 Feb. 10 31# Feb. Sale 5 54 Feb. 52# Feb. Sale 81 1251 120# 123 34 Sale 351 Sale 2# Sale 3# 3h # Sale 7# 7h 2 Sale Prices 14 Feb. 10 175 171 16 19 16 46 47 J 48 1 Sale 3# 4 2# Sale 40 Sale 14# Sale .15# 116# 21 Feb. Feb. 1 5 2# Feb. 10 23# Feb. 21 Sale Sale 1 Sale Sale Sale Sale Sale 11 13# Feb. 20 15 175# Jan. 8 15 Feb. 21 15# Feb. 17 125# Jan. 31 6 Jan. 10 18 Feb. 17 ~ Jan. 4] Jan. Jan. 4 3 Feb. 27 55# Jan. 4 119 34 Jan. 125# Jan. 10 Feb. 27 35# Jan. 30 2 Jan. 29 2# Jan. 6 3# Jan. 22 3# Feb. 8 7*4 Feb. 27 8*4 Jan. 3 1# Jan. 21 66# 2# 117# 30# 15# 2# 4# 11# 13 2# Jan. 4 Jan. 15 24# Jan. 4 Jan. 13 175# Feb. 8 Feb. 17 2# Feb. 17 Feb. 19 Jan. 10 3 31 Jan. Jan. 20 Jan. 23 16 Jan. 23 Jan. 30 Jan. 21 2 Jan. 17 Jan. 4 5] 3 Jan. 14# Feb. 6 14# Feb. 6 Jan. 24 46# Feb. 29 47# Feb. 1 46# Jan. 27 47# Feb. 24 # Feb. 14 # Feb. 29 1 Feb. 1 4# Feb. 3 2# Feb. 10 41# Feb. 13 1 14# Feb. Feb. 29 117# Feb. 24 Feb. 26 10# Feb. 28 Feb. 10 10# Feb. 10 41# Jan. #s Jan. 2 7 Feb. 6 Feb. 14 Feb. 27 Feb. 21 Feb. 3 Feb. 28 Feb. 1 Feb. 29 90! 31: 1 6 *A % 1 17 15 28 27 8 Feb. 20 175# Feb. Feb. 17 2# Feb. 17 Feb. 19 119# Feb. 26 5 Feb. 31# Feb. 13 16 Feb. 14 16 Feb. 14 5 2# Feb. 1 2# Feb. 1 5 44 Feb. Feb. 1 13# Feb. 6# 41 3# 17# 2# Sale 4# Sale 13# Sale 1 6 125# Feb. Feb. 5 Feb. 27 35 Feb. 19 2 Feb. 1 2# Feb. 10 3# Feb. 2 8 3# Feb. 1 74 Feb. 27 8# Feb. Feb. Jan. Feb. Feb. Jan. Feb. Jan. Feb. Feb. Jan. 7 120 34 2 Sale 1# 21# 22# Sale 170 175 2# 2# 2# 2# 2# 118 Sale 117# 118# 117# 31 30# 31 31# Sale Sale 21# Sale 172 Sale 3 13# Feb. 20 6 172# Feb. 29 8 15 Feb. 21 5 15# Feb. 17 5# 46# 1# 1# Sale 13# Feb . Sale 48# Sale 41# 11# Feb. 170# Feb. 14# Sale Sale 6# 7# 47# Sale —..... . — Sale 2# 5 14*$ 12ll Sale 30# 7 3,465 Scott Paper—... Tacony-Palmyra BridgeClass A participating— 202 * 1,175 Tonopah Mining—....... 1 381 Transit Invest Corp ...25 Preferred .25 2,263 4,057 Union Traction...—.——..50 9,067 United Corp common— ..* Preferred * 1,340 89,950 United Gas Impt common....* Preferred —._—————* 1,369 371 Westmoreland, Inc....—....* Lowest Sale Prices 13 12# Sale 170# Sale 13 13H 29 Sale 119 * rjo 2,200 Phila Rapid Transit — ..50 2,275 7% preferred 2,212 Philadelphia Traction- ..50 Ex-dividend. Ask Sale Sale 169 640 Phila Elec of Pa $5 pref— ..25 6,609 Phila Elec Powerpref z Ask Bid Sale Sale (Phila) com..* 119 Horn & Hardart (N Y) com—* 34 34# 2# Lehigh Coal & Navigation...* 2# 3% Lehigh Valley 3# 50 3,544 National Power & Light 84 8# Coal 13 Feb. 29 1 Sale Horn & Hardart 212 Westmoreland Bid par 3,548 American Stores— No par value. Jan. 1 to Feb. 29 1940 $29,500 181,500 Price 141 Salt Dome Oil Corp..—.. 799 — Jan. 2 Bid 338 565 4.722 412 Bond Sales February 4 " Feb. 27 Feb. 21 Jan. 2 Jan. 31 Jan. 20 Feb. 29 7# Jan. 48# Jan. 47# Feb. 24 # Feb. 14 1 Feb. 29 Jan. 10 3 Jan. 6 Feb. 13 Jan. 6 Feb. 24 Jan. 6 Feb. 10 4# Feb* 2*4 41 *4 15# Feb. 29 117# 9# Feb. 26 9# Jan. 15 15 4 11# 10# San Francisco Stock Exch. MONTHLY AND YEARLY RECORD EXCHANGE RANGE OF PRICES ON THE SAN FRANCISCO STOCK 1940 Stock Sales February February Shares- 496,498 464,353 — 896,813 1,091,338 Jan. 1 to Feb. 29 - Jan. 1 to Feb. 29- . BONDS . 1940 $ 5,000 Atlas Diesel Eng Co 6%--1945 Commonwealth Edison Co— 1,000 17,000 18,000 18,000 Market Street Ry Co 7 % 3 3*% 120 1,702 3,060 2,549 90 _ _ 10 Angio-Amer Mining Corp Ltd— Common -1 2,199 7,992 Anglo-Calif Nat'l Bank 20 4,305 Assoc Ins Fund Inc com cap. 10 3,518 Atlas Imp Diesel Eng Co 5 125 Bank of Calif Nat Assn cap--80 20 120 190 Calif Cotton Mills capital--100 550 420 1,952 3,008 47 50 1,200 2,023 33,255 664 2,055 157 3,195 2,021 2,019 2,797 8,080 Calif-Engels Mining Co 25c 7,512 California Packing capital * 515 Preferred 50 "'"158 30 25 1,595 194 3,992 920 245 ""345 1,085 765 575 142 60 465 3,723 2,450 326 355 13,242 257 1,459 1,936 3,300 205 Clorox Chemical cap 10 247 Coast Cos G & E 6% 1st pf-100 25 4,966 Commonwealth Edison Consol Chemical Industries Inc class A partic pref 3,644 * 2,253 Consol Coppermines Corp cap 5 3,197 Creameries of Am Inc com—1 Crocker First National Bank — - 895 Doernbecker —* Mfg Co 2.405 El Dorado Oil Works cap 214 Electrical Products Corp * -4 3,992 Emporium Capwell capital—* Preferred w w --50 1,803 1,161 Emsco Derrick & Eq Co cap—5 20 *54 Ewa Plantation 457 Fireman's Fund Indem cap--10 2,117 Fireman's Fund Insur cap—25 1,349 Food Machinery Corp com-.10 575 Foster & Kleiser common—2 3* 287 Class A preferred —25 Galland Mercantile Laundry (capital) * General Metals Corp— Common capital 900 -—-23* 10 8,010 General Motors 3,346 General Paint Corp common-* 305 common Preferred ^ 935 755 Gladding McBean Co com---* 30,680 Golden State Ltd capital—.-* 924 Greyhound Corp common * 1,787 Hale Bros Stores Inc capital--* * Oil 3,564 Hawaiian Pineapple Co * 3,500 Holly Develop Co common—-1 Home Fire & Marine Insur 292 Co of Calif 40 2,429 144 Honolulu Plantation capital-20 * 447 Hudson Motor Oar com.. 3,289 Hunt Bros Packing common-10 5,024 6,214 1,185 60 . 1,052 655 — 20 20 20 675 291 4,200 No par — Feb. Jan. 16 101 Feb. 5 1293* Feb. Feb. 27 68 ex 7 ex ex Feb. 27 101 Feb. 50 Sale 643* Feb. 27 q 2 Jan. 10 1.60 Feb. 24 153* Jan. Feb. Feb. Feb. Feb. Feb. 21 37 13 23c 27c 33* 89 X 48 1063* 32 X 24 X 7X 17 90 60c 1.95 9 34c 26c 32c 64 49 50 X Sale 91 52 Sale" Sale 8X 320 173* Sale 70c 2.50 11 53* 9X Sale 40 H 11 Sale 303* 33 95 53 X 54 "§23* 32 233* 7X 5X 280 41X 363* Sale 50c 2.10 80c §3* o i?A 41X 95 20 20 223* 20 83* 553* 52 3* 6 5X 93* 17 13 363* 19 75c Sale 173* 143* 38 Sale 85c ex ex 31 53* 93* 163* 13 3* 36 153* Feb. 883* Feb. 41 Sale 33 1.90 Sale 203* 21X 7X 53 ex 7x 52 x 53 ex 7 313* 53* Sale 16 X 14 373* 20X e% 33 14 23 Jan. 51 Jan. 5 2 1 14 24 Feb. Feb. Feb. 24 20 36 5X 11 5X Sale 16 Sale 36X 27 51 Jan. 57 15 106 Jan. 109 9 313* Jan. : 323* Feb. 233* Jan. I 243* Jan. 11 9 3* Feb. 21 5 3* Feb. 28 8X 15 8 d* 41X 43 33 32 X 29X 4X 34X 7X 30X 5X 25c 50c 60c Sale 7X Sale Sale 55c Sale 9 108 15X 12 Sale 2.50 Sale 73* 9X Sale 106 Sale 15H 1.95 Sale 20c 7% 9X 3X 7X 9X 4 16 Sale 12 IM Sale 8X Sale 25 27 24 4 28 30 11 23 10 26 23 26 26 20c 24 25 11 26 25c 15c 33* 10X 26 Sale M 23c 93* Jan. 103* Feb. 16 17 3* Feb. Jan. 40 Feb. 23 Feb. 29 Jan. Jan. 12 Feb. 27 Feb. 15 Feb. 16 Feb. 2 Jan. 18 Feb. 20X Feb. 6 22 Feb. 23 20 Jan. 63* Feb. 13 523* Feb. 20 55 i Feb. 1 Feb. 23 63* Feb. 4 Jan. 13 9 52 Jan. Jan. 3 6 Feb. 6 Feb. 3 6 14 63* Jan. 303* Jan. 53* Jan. : Jan. 3 1 11 Feb. 29 Feb. 29 Jan. 15 JFeb. 8 163* Jan. 133* Jan. : 6 24 8 37 Jan. I 313* Feb. 5 3* Feb. 93* Feb. 2 143* Feb. 113* Feb. 20 63* Feb. 19 73* Feb. 21 3 8 19 Jan. 8 70c Feb. ' 44 Feb. 19 413* Jan. : 16 163* Feb. 23 113* Feb. 20 83* Feb. Feb. 7 19 Feb. 27 19 Feb. 28 40 Jan. 43 Jan. Feb. 9 323* Feb. 63* Jan. Jan. 3 Feb. 10 29 Feb. 9 20 30c 60c Feb. Feb. 1 70c 5 Feb. Feb. 20 15 93* Feb. 29 Feb. 29 153* Feb. 123* Feb. 19 Feb. 29 106 27 2.60 Feb. 33c Feb. 7 2 6 83* Feb. 23 ; Jan. 20 20 50c Jan. Jan. Jan. 15 19 Feb. 29 9 1023* Jan Feb. : . : Jan. 113* Jan. Feb. 4 19 1.75 Jan. 15c Feb. : Jan. 27 15 Jan. 73* Jan. 93* Jan. 3 3* Jan. Feb. 25 Feb. 27 8 25 Jan. 25 Jan. 23 103* Feb. : Feb. 1 10 Feb. 3 15c 30 Feb. Feb. 253* Feb. 103* Feb. 8 Jan. Jan. Feb.: 43* Feb. 10 27 Feb. 30c 73* Feb. 20 93* Feb. 14 8 253* Feb. 103* Feb. 23 253* Feb. 15 8 Feb. 7 Feb. 1 Feb. 2 30c 5 Feb. : 8 73* Feb. 10 9 323* Feb. 43* Feb. 20 26 : Feb. Feb. 40 34 Feb. 13 Jan. 2.00 Jan. 433* Feb. 8 1.85 Feb. 15c Feb. 3 Feb. 153* Jan. 73* Feb. 2 1 19 6 19 8 28 Feb. Feb. 55c 7 5 8 Jan. 19 Feb. Feb. Jan. 13 8 33* Feb. 83* Feb. 163* Feb. 4 Jan. : 19 1.15 Feb. Jan. 113* Feb. : 53* Jan. 63* Feb. 7 73* Feb. 20 Feb. Feb. 3 433* Feb. 323* Feb. 73* Feb. Jan. 76c Feb. 7 9 203* Feb. 2.05 Feb. 8 Feb. 25 2 Feb. 2 153* Feb. : 73* Feb. 313* Feb. 53* Feb. Feb. 12 10 103* Feb. : 1 9 : 31 183* Feb. 106 26 103* Feb. 17 43* Feb. 12 Jan. 83* Jan. Feb. 30 Jan. Feb. 1.75 Feb. 40 3 Jan. 2 16 24 8 16 75c : 4 15 1.10 40 12 1.75 Feb. 13 27 8X Jan. 2 Feb. 40 2.25 Feb. 1.75 Feb. Feb. 44 ll 27 16 3X Sale 9X iex 15X Jan. Feb. 43 1.00 Jan. Feb. 16 9X iex 8 70c 97 46 2.10 Jan. 333* Feb. 153* 10X 5X 75c Jan. Jan. 44 41 52c Jan. Jan. 15 5 17X 6 9 883* Feb. 290 5 44 133* Feb. 53* Feb. : 393* Feb. 943* Feb. 323* Feb. 16 3* 60c Feb. 913* Feb. 8 363* Jan. 933* Jan, 32 3* Jan. 41 5X 8 Feb. 27 Feb. 15 23 21 5 11 9 19 Feb. Feb. 9 55 33* Jan. 843* Feb. 8 9 20 8 Feb. 2 Feb. Feb. 16 Feb. 23 Feb. 29 Feb. 15 28 10X 5X Jan. 43* Feb. 843* Feb. Feb. 383* Sale 20 32c : Feb. iex 15 ! Feb. Feb. 83* 103* 193* 443* 103* Feb. 16 7 Feb. Feb. 16 Feb. 23 Jan. Jan. 49 8 9 Feb. 26c 15 19 10 8 263* Feb. 523* Jan. L05 ! Feb. Feb. 93* Feb. 21 53* Feb. 28 17 1023* Jan. Feb. 15 Feb. 105 11c 16 Feb. Feb. 25c 241 Feb. 25c 70c 30X 4X 10 13 Jan. 20 3iS 26 Feb. 20c 75c 8 Sale 43* 283* 31 13 14 8 70c X 383* 43 X 8% 16 Feb. 78c 19 ■a a 5 Feb. 93* Feb. 7 5 Feb. 75c 1.75 To 83* 9X 3 3* 22 Feb. 13 13 18 37 25c 2.25 Feb. 103* 173* 413* 103* 18 Sale 3 19 37 13 Feb. 3 Jan. 203* Jan. 18 Feb. 13 28 2.25 Feb. 8 103* 10X 17 X 34 Feb. 19 3* Jan 37 Feb. L25 16 53* Feb. 21 9 32 1.75 18 X 303* 8 16 6 6 10 2.00 7 233* 9 y8 53* 130M 313* 373* 32 X 73* 233* Feb. Sale 903* 343* 6 5 3 320 153* 33 X 1.50 543* 233* 8X 53* 90 83* 8>i 35 803* 33* 81X 19 24X Feb. 263* 51X Feb. 21 523* 1 105 1033* Feb. 7 27c Feb. 28c 49 Feb. 23 513* 7 33* Feb. 43* 8 84J* Feb. 843* 5 57 53X Feb. 1073* Feb. 19 109 32 Feb. 29 323* 107 4 18 33* 11 15 9 1.50 Jan. 15 25 73* Jan. 43* Feb. 73* Feb. 133* Feb. W50 Sale Jan. 5 3* Jan. 122 Feb. 19 16 Sale 27 24 20 52 63* Jan. 4 2 Jan- 1.60 Feb. 163* 24 5 63* Feb. 19c 143* Feb. 163* Feb. 203* Feb. 26c 1033* Feb. 2 Jan. 1 12 X 513* 7 63* Feb. 14c 7 21c Sale 26 1.50 Feb. 16 103 2 Feb. 133* Feb. 20c 23 X 50 X 63* Feb. 14c 1 Feb. 43* Feb. 15 9 OX Feb. 26 73* Feb. 8 125 122 Feb. Feb. 23 7 124 1.50 Sale 35 26 4 Sale ie% 193* 2 Feb. OX Feb. 27 ex 4 ex Feb. 14c 21c 15c 12X * Class B 3,938 Magna vox Co Ltd capital--2 3* 1.630 Magnini& Co (I) common* Preferred 100 *85 2,748 Marchant Cal Mach Co com--5 10 2,092 Meier A: Frank Co— 45,752 Menasco Mfg Oe common—— 1 85,351 Menasco Mfg Co rights 4,316 Nat Auto Fibres Inc com stk—1 ♦ 4,970 N atom as Co capital 170 North Am Inv Corp com— -100 6% preferred— —100 200 5X% preferred -100 ► 96 1.810 North Amer OU Consol cap—10 425 Occidental Insurance capital-10 1 4,300 OccldentaBPetrol Corp com value. Highest Sale Prices 100 101 101 18c — 446 1,042 1,000 29,374 85,351 2,561 1,905 35 Sale -——-—* ———50 446 2,798 1,055 17 20 Leslie Salt Co capital ---10 LeTourneau Inc common 1 331 4,296 • Preferred Lowest Sale Prices 128 14 cap.-15 Langendorf United Bak cl A—* Class B Highest 27 101 119 2.00 -10 Preferred Libby McNeill & Libby com-7 Lockheed Aircr Corp com— 1 556 Lyons-Magnus Inc A * 870 1.50 190 Hutchinson Sug Plant 2,027 2,163 197 2,293 1,728 1,418 10,646 Sale Prices Feb. 5 1293* Feb. 9 1273* 1283* 1263* 1273* 128 Feb. 27 68 Sale 643* Feb. 27 68 573* 623* ex -10 capital-- 1,975 Honolulu Oil Corp Ltd cap—* 190 527 Sale ux 100 280 San Francisco cap 21,145 Crown Zellerb Corp com 5 Preferred 2,059 200 Cypress Abbey Co common—2 1,113 Di Giorgio Fruit Corp com--10 Preferred ----100 278 ex 50c 7 ex 121 x 126 54 1,095 275 4 Caterpillar Tractor capital—* Central Eureka Mg Co com 1 Chrysler Corp common-5 2,886 42,085 1,231 3,293 Ask Sale Prices Lowest Feb. 29 1 Ask Bid Bid 96 ex Sale 102 417 Hancock " 63* 10c 188 California Water Serv pref_100 2,615 Carson Hill Gold Mg capital--1 35 9,768 1.067 1 Par 482 Alaska Juneau Gold M cap__ 13,250 Bishop Oil Co cap —.2 4,914 Byron Jackson com cap * 1,400 Calamba Sugar Estate com—20 Preferred --20 710 20 Calaveras Cem Co 7% preflOO 12,810 2,064 100 1940 STOCKS Shares 98 Feb. Ask Bid 1958 17,000 Shares 360 13,000 Jan. 2 Jan. 1 9 40,000 Price STOCK EXCHANGE Since February $12,000 RANGE SINCE JAN. PRICES IN FEBRLARY FRANCISCO SAN SALES $36,000 - AOGREOATE 1 In 1939 1940 Bond Sales— 1939 . Feb. 6 Feb. 23 Jan. 23 Jan. 3 Jan. : Jan 9 Jan. 3 19 26 Feb. 19 25 Jan. Feb. 19 28c Feb. 19 10c Jan. Feb. 19 March, 1940] SAN FRANCISCO STOCK EXCHANGE 63 AGGREGATE SALES SAN FRANCISCO STOCK EXCHANGE In Since February Jan. 1 Shares Shares PRICES IN FEBRUARY RANGE SINCE JAN. Prices STOCKS Feb. 1 1940 Par Bid * * 21 * 4 Ask Bid Feb. 29 Ask Bid Ask Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices O'Connor Moffatt & Co— 30 80 Class AA common 739 Oliver United Filters Inc A Class B 1,672 469 952 930 1,266 100 100 Pacific Clay Prod capital _* 5,949 Pac Coast Aggregates com—5 3,523 6,107 8,443 2,231 3,331 t ... 930 Paauhau Sug Plant Co cap.. 15 410 Pacific-Amer Fisheries Inc—5 * 1,841 Pacific Can Co__ 50 16,442 Pacific Gas & Elec Co com 16,274 6% 1st preferred 4,968 5% % 1st preferred 8,167 Pacific Lighting Corp com 406 $5 dividend pref 2,788 Pac Pub Serv com First preferred.. 3,974 244 1,591 1,582 217 310 155 1,949 Paraffine Cos, Inc, com 258 4% cum conv pref 248 478 "253 409 597 102 5,957 9,638 2,904 585 188 377 2,524 5,897 5,118 2,823 1.630 963 18 25 25 * * * * * 100 Philippine Long Distance Tei Co capital 100 Phillips Petroleum Co cap •* Plg'n Whistle Corp partlc pf.* Puget Sound Pulp & Tim * Ry Eq & Realty Co Ltd com..* 6% preferred ..100 Rayonfer Inc common 1 Cumulative preferred 25 Republic Petroleum Corp 1 Preferred .........50 6,434 Rheem Mfg Co 1 * 6,160 Richfield Oil Co common.. Com stock purch warrants. 150 2,327 2,943 _ 888 Roos Bros Inc 1 common Series A preferred 170 100 9,053 Ryan Aeronaut Co com cap._l 1,464 Safeway Stores Inc common..* 381 Schlesinger (B F) com..-----* Preferred 25 1,104 4,741 553 347 704 891 Shell Union Oil Corp com 475 * 5 % % cum conv pref 10 iOO 1,528 Signal Oil & Gas Co class A..* 15,949 Soundview Pulp Co 5 10 520 8,599 65 279 539 1 Preferred 100 154 Sou Cal Gas Pfd 6% cum A..25 12,511 Sou Pacific Co com (cap'l).lOO * 100 Sou Pac. Golden Gate cl A 4,210 «, 5% 4% 11 - 340 606 Spring Valley Co Ltd capital..* 28,721 Stand Oil Co of Calif capital * 1,732 Super Mold Corp of Cal cap 10 15,281 1,351 1,100 1,100 Texas Consol Oil Co com ..1 200 Thomas Allec Corp class A * 2,609 Tide Water Assoc Oil Co com.10 20 4%% preferred ...100 54,600 Transam erica Corp capital 2 Treadwell Yukon Corp Ltd— Common capital 1,706 1 11,354 Union Oil Co of Calif cap 25 25 1.521 Union Sugar Co common 200 1,668 10 24,556 1,206 5,445 531 564 5 2,603 United Air Lines Trans 2,356 Universal Cons Oil.......-.10 931 1% 3,986 Vega Airplane Co 1,192 Victor Equipment Co com.__l Conv cum pref 2,549 ....5 328 Waialua Agricultural Co 20 1,491 736 909 108 32 «% 23 5 6% 5% 12% 5 1.40 1.50 Sale 1.35 Sale Sale 34 Sale 33% 30% 48% 10754 5% 21% 31% Sale 109 Sale Sale 2,750 80 288 50 340 Yosemite PortI Cem Co pf.-lO common Yellow Checker Cab Co— Series 1 irA Sale 131 149 149% 150% 152 7% 41% 7 Sale 103 50 40% 1.35 12% 2.75 2.50 1.50 15% 101 5% 46% 1.25 6 12% 104 27 29 97 SB 13% 7 23% 4% 6% 5% 14% 5 8 52% 39 12% Sale ?l* 2.55 35 19% 8% "B 48% 1.60 Sale 13% 108 28% 29% 99% 15c 24 Sale 27% Sale 40 Sale 1.50 Sale 1.00 14% 105 2.90 41 Sale 1 1.50 6 10% 105 27% 29 98% 3351 12% 2c 5% ?M 5% 10% 6 4c 5% 23 24 17% Feb. 29 104 Feb. 16 105 Feb. 7 5% Feb. 9 9 5% Feb. 13 2 Feb. 2 20c 15c Feb. 60c 60c Sale 46c 8 15% 15% 24! 10 Sale 8% 16% 15% 5} 3} 11 30 16% 8 15 14 5% 2.60 10 27% 16% 9 15% Sale 5% 3% 11% 28% 100 300" 290 iSB 13% 5% 3 10 28 15c Sale 15n 14 5% 3% 11% 30% 100 300 295 300" 24 Feb. 6 Jan. 27 18% Jan. 23 Jan. 27 24 17 Feb. 19% Jan. 26 Jan. 2.55 Jan. 28% Jan. 2.75 Feb. 6 38% Jan. 18% Jan. 38% Jan. 19% Jan 83% Jan. 18 1.50 Jan. 25 16 Feb. 17 20c Feb. 5 60c 1 10% Feb. Feb. Feb. 103% Jan. 4% Jan. 47% Jan. Jan. 6 Jan. Feb. 20c Feb. 26 Feb. Feb. Feb. Feb. 19 16% Feb. 17 8 8% Feb. 16% Feb. 19 19 14 8 299 6c Feb. 8% 16% 13% 5% Feb. Feb. 15c 16 Feb. Jan. 5% Jan. 24 46c 19 100 15% Jan. 5 Feb. 294 Feb. 16 6 Feb. 28 5% Feb. Jan. 32% Feb. 15c 2 9 4 26 Feb. 21 26% Jan. 33% Feb. 23 8 30 Feb. Jan. Jan. 3 9 9 Feb. 5 6% 11% 107% 28% 10 3 12 12 4 27 8 Feb. 24 34% Jan. 13c 3 4 2 Jan. 33% Jan. 12% Jan. 5% Feb. 10% Feb. 28% Feb. Jan. 5% Jan. 8 1 Feb. 105 100% Feb. 28 15 4 17% Feb. 29 Feb. Feb. 91 3 99 5% Feb. 91 Jan. 3 9 24% Feb. 1 33% Feb. 27 10% Feb. 2 4 6c 45c 16% 1.60 Feb. 26 80c 11 92 16 1 2 30 Feb. 14 100% Feb. 2 34% Feb. 1 14 Feb. Feb. 25 Jan. 1.60 Feb. 45c 10c 3 5% Feb. 11% Feb. 107% Feb. 26 % Feb. 26% Jan. 40c 15c Feb. 9 6 92% 5% Sale Jan. 39 7 6 Feb. Feb. 1 8 Feb. 11% Feb. 8 Feb. 21 107% Feb. 21 Feb. 28 27% Feb. 1 32% Feb. 91 54 Feb. 7 9c 6 Jan. 1.50 Jan. 15c 45c 11c 6 Feb. 33% Sale 20c 19 Feb. 45c 12c Feb. 7 33 Sale > 17 20c 5% Feb. 4 49% Sale 53 39 2 16 19% Feb. 7% Feb. Feb. Feb. Feb. 11 19 18% Feb. 23 1.60 Feb. 8 100% Jan. 17% Feb. 2 75 Feb. 11% 12 23 12% Jan. 16 4% Feb. Jan. 7% Feb. 43% Feb. 19 1 26 8 2.65 Feb. 1.90 Sale 154 17% Feb. 31% 89 Jan. Feb. Jan. Feb. 1 14c 10% 149% 7% 41% 99% 1.35 Jan. Sale 10% Sale 91% 94% 5% Sale 14 5% Feb. 20 2 21% Jan. 135% Feb. 28 1.05 Feb. 24% 10% Jan. 2 6 5% 2.5% Sale 32% 32% 24 130 13 23 5% 11% 108 105 108 107% Sale 25% 28% 26% Sale 27% Sale 27 100 99% 101% 99 34 34% 34 34% Sale 12% Sale 12% 10c 28 it* W* Feb. Feb. 18% Feb. 28% Feb. Sale 107% Jan. 5% Jan. 20% Jan. 9 4 Feb. iSB a2% Jan. 33% Jan. 30% Feb. 47 14 Feb. 7 Jan. 10 Feb. 21 4% Feb. 27 1.50 Jan. 15 Feb. 17 Jan. 2 Jan. 10 Jan. 3 108% Jan. 30 4% Feb. 1.30 Feb. 20 17 10 20 14 Feb. Jan. 1.15 Feb. 39 15 2.00 Sale 11% 2 28 6 1.00 17 17 5% 23% 4% 5% 16 Feb. 17% 1.60 39 Feb. 2.75 2 Feb. 8 Feb. 24 43% Feb. 23 Feb. 23 100% Feb. 16 17 2.00 Sale 1 135% Feb. 27 152% Feb. 8 7% Feb. 21 17 48. Feb. 27% Feb. 18% 7% 105 5 Feb. Sale 18% Sale Feb. SH Sale 39 5% .Sale 48% Feb. 1.40 Feb. Feb. 47% Feb. 6 108% Feb. 1 Feb. Feb. 29 12% Feb. 3% Feb. 35 47 131 Feb. 15% 4% Sale Jan. Feb. 15% 3% 2.55 11 Feb. Feb. 1.05 Feb. 23 21 4% Feb. 27 Feb. 1.25 17% 28% 14% Feb. it* 1.00 20 Jan. Jan. Jan. Feb. Jan. 31 153% 151 8 7% Sale 43% Sale 99% 37 1.05 5% 21% 4% 5% 6% 13 151 7 100 14 9 5 7 33% Feb. 33% Feb. Feb. 137 43% 1 Feb. Feb. Feb. Feb. 5% 23% 4% 5% 14 6 8 135 50 108 Feb. 4% Feb. 27 Sale 40% 2.40 13 34 55 17 15 ■7 Sale 38 3 23 34 42 41% 99% 103 14 Feb. 4% Feb. 5% Feb. 1.30 Feb. 52% 12% 3% 5% Feb. 23 Sale 42% 33% 34% 14% Sale 3c 4% 54 Sale 21 18% 19 18% 28% Sale 34 5 21 30% Sale 30% Sale 47 47 47% 108 108% 107% 108 Sale 5% 5% 5x8 5% 20 Sale 8 20% 20% 132 ... 731 8* 128 28 32 Weill & Co com 100 95 137 Wells Fargo Bk & Un Tr caplOO 276 Western Pipe & Steel of Calif 55 5 6% 24 21% 4% Sale 6% f% 5% 6% 13% Sale 5 4% 4% ..... 607 80 - 5 25 748 Pac Tel & Tel Co common.-lOO 6% preferred.... 717 100 190 Pacific Western Oil capital 10 1,120 1 January 2 1 14 Feb. 5 60c Feb. 16 10% Feb. 11 Jan. 9 Feb. 93 Jan. 20 91 6% Jan. 5% Jan. Feb. 15c 16 Feb. 8% 14% 13% 4% Feb. Jan. Feb. Jan. 17% 8% 16% 15% 5% 13c Jan. Jan. 8 18 6 Jan. 5 Jan. Jan. 3 Feb. 3 Feb. 14 15 Feb. 20 Feb. 15 3 Jan. Feb. 20 10 Jan. 9 Feb. 8 Feb. 15 8 100 Feb. 100 Feb. 8 Feb. 16 294 Feb. 300 Jan. 4 9 i§B ioS 27% Jan. 29% Feb. 15 10 17 17% 17 17% 17% 18% 17% Feb. 2 18% Feb. 9 15% Jan. 12 18% Feb. 50 19 21% 3% 19% 21% 3% 21 23% 3% 21% Feb. 3 22 Feb. 5 20 Jan. 10 22 Feb. 5 2.90 Jan. 15 2.90 Jan. 15 29 Jan. 29 171% Jan. 22 2.90 2.90 2.85 UNLISTED STOCKS 45 American Factors Ltd cap 20 Amer Tel & Tel Co com.... 100 Am Toll Bridge (Del) com.. 1 " 1,987 3,230 1,277 4,577 5,880 2,687 2,828 1,575 768 1,275 28% 170 55c Anaconda Cop Mg Co com..50 Anglo Nat Corp cl A com ..* Argonaut Mg Co Ltd capital..6 150 Ark Nat Gas class A common.* 1,425 Atch Top & S Fe RR com.. 100 ....5 1,735 Atlas Corp common 100 303 381 655 50 1,913 3,286 Sullivan Mg 2% 6 Con Co common 470 1,283 173 215 131 131 Calwa Co common......... 10 888 Cities Service Co 10 1 585 Claude Neon Lts Inc com 469 150 40 40 Calif-Oregon Power— 6% pref (1927 series).... 100 Columbia River Packers Assn Inc common.. 1% * 2,852 Consol Edison Co N Y com...* 945 Consol Oil Corp common.. * 15,260 Curtiss-Wright Corp com 1 1,518 Dominguez Oil Fields cap....* 1,494 Elec Bond & Share Co com...5 715 648 7,861 763 410 3,519 General Electric Co com-...-* Guggenhime & Co— 10 Conv. $7 1st preferred * 210 Hawaiian Sugar Co capital..20 1,275 10 250 Hobbs Battery cl B cap * Idaho Maryland Mines Corp— 13,356 Capital. .1 810 Internat Nickel of Can Ltd..* 2,564 Internat Tel & Tel common..* 100 5,196 29% Feb. 8% Feb. 3% Feb. 2% Feb. 23% Feb. 8% Feb. 6% Feb. 3% Feb. 8% 5 14% 29% Sale 4% Sale 12% 4 22% "23% 8% 6% 8% 3% 4 5 7 31% 1% .5% 32% 1% 30 13 12% 12% 2.00 84 1.25 2.00 84% 1.40 3% Sale Sale 30% Sale 13% 52c 9% 3% 2% 8% Sale 3} 5h 206 1,000 345 - 2 171 23 59c Feb. Feb. 16 31 Feb. 10 19 2 1 21 9% Feb. 1 3% Feb. 14 2 2% Feb. 23% Feb. 6 8 % F eb. 1 7% Fbe. 3% Feb. 6 8 9 1 13 1 2 5,100 20 100 677 10,297 1,210 345 402 118 10 25 39 6%% preferred 1,260 Pennsylvania RR capital No par value. Jan. 9% Jan. 3 8 Jan. 9 4 2% 25% 8% 7% 3% 5% 33% Jan. Feb. Feb. 12% Feb. 9 13% Feb. 20 12% Feb. 84% Feb. 3 85 1.25 Feb. 26 Feb. 26 82% Jan. 1.25 Feb. 26 1.25 Feb. % Feb. 8 </8 Feb. 20 4% Feb. % Feb. 4% 5% 31% 7% 5% Feb. 21 5% Feb. 28 32% Feb. 5 7% Feb. 20 11% Feb. 9 31% 7 10% 35% 6% 38 32% 7% Sale 35% 7 38% 31 7% 10% 34% 6% 37 Sale Sale 6% 38 80 91 78 91 19% 22 19% 23 20c 35c 25c 40c 32 Feb. 20 7% Feb. 28 1 10% Feb. 34% Feb. 29 7 Feb. 21 38% Feb. 23 79% Feb. 19 25c Feb. 21 2 6% Feb. 6 35% Feb. 3% Feb. 24 15c Feb. 2 1.25 Feb. 6 Feb. 13 25% Feb. 7 5c 4% Feb. 24 11c * 4 Feb. 5 Feb. 23 8% Feb. 53% 4 6% 25% 21 22 24 5% ' 1.30 24 10 41 * 54% Sale 6% 24% 22 20 6% 27 1.90 45 3% Sale 21% 22% 10% 14 50 t Formerly_Bancamerlca Blair Corp. 31 1 7 74 Pioneer Mill Co Ltd capital_20 * Jan. Jan. Feb. Feb. Jan. Jan. Jan. Jan. 21 4 100 com 1 27% 8% 3 % 2% 22% 8% 6% 3% 5% 30% 1% 2 9 35% Feb. 7 5% 30% 7% 9% 33% 7% Feb. 9 9 37% Jan. 40 Feb. t Odd lots. 54% 3% 6% 25% 21% 21% 6% 23% 1.30 3 22 9 Feb. 21 Feb. 14 7 Feb. 2 Feb. 8 Feb. Feb. 19 Feb. 26 7 Feb. Feb. 14 Feb. 29 Feb. 16 7 1 Feb. 3 Jan. 9 Jan. 3 Jan. 9 Jan. Jan. 19 Feb. 21 Jan. 5 14% Jan. 4 Jan. 19 1.25 Feb. 26 5 Jan. 3 86 " Sugar Co Ltd capital-.20 1,662 Packard Motor Car Co Feb. Feb. 6 4% Feb. % Feb. 20 809 North Amer Co common 10 218 Oahu Sugar Co Ltd capital..20 10 Olaa 59c 1% Feb. 4% % 8% Preferred 10 Montgomery Ward & Co, 1,357 Inc, common ...» 11,990 Mountain City Cop Co cap..5c 2,620 Nash-Kelvinator Corp cap...5 1,810 Nor Amer Aviation Inc cap 1 .125 Onomea Sugar Co capital 500 Pacific Portl Cement com Feb. 1 3% 108 19 892 490 com Feb. 24 4 4,946 Italo Petrol Corp of Am com.l 7% cum preferred 1 5,179 626 Kennecott Copper Corp com.* 1,000 Kleiber Motor Co capital...10 380 Marine Bancorporation cap..* 300 Matson Nav Co capital * 50 McBryde Sugar Co Ltd cap..5 19,700 MJ&M&M Consol capital .1 25 Monolith Portl Cement Jan. 52c Feb. % Jan, Feb. Jan. Feb. Jan. Jan. Jan. 8 5% 32% 7% 11% Feb. 28 5 Feb. 8 Jan. 9 Feb. 36 Jan. 8% Jan. 41 Jan. 29 5 4 79% Feb. 19 79% Feb. 19 20 Jan. 11 20 Jan. 11 25c 25c Jan. 18 25c Jan. 18 5% Jan. 10 6 35% Feb. 3% Feb. 24 6% Jan. 38% Jan. 19 Jan. 5 15c 16c Jan. 1.55 Jan. 35% Jan. 10 Feb. 13 Feb. 21 6% Feb. 35% Feb. 4% Feb. 15c Feb. 1.40 Feb. 5c Feb. 13 25% Feb. 17 • '50 29 171 Feb. j 1} 3% ..... 250 1,106 2,101 2,744 Feb. Feb. 56c 29% 24 171 52c 26% 8% 654 3% 8,330 t Blair & Co Inc capital.... .1 Bunker Hill & Sale 26% 23 3,312 Aviation Corp (Del) com ..3 2,555 Aviation & Trans Corp cap 1 178 B & O RR common 100 2,423 Bendix Aviation Corp com...5 1,177 28 32 31 171% 171% 173 4% Feb. 24 12c 4 Feb. 21 Feb. 23 8% Feb. 9 54% Feb. 21 4% Feb. 21 7% Feb. 15 26% Feb. 21% Feb. 9 8 Feb. 26 22 6% Feb. 26 23% Feb. 7 1.30 Feb. 14 3 22 Feb. 16 Feb. 23 Jan. 3 1.25 Feb. 6 35% Jan. 15 Feb. 13 5c 79% Feb. 19 5c 4 2 15 2 24% Jan. 27% Jan. 27 4% Feb. 24 25% Feb. 17 27% Jan. 27 4% Feb. 24 10c Jan. Feb. 30 12c 23 4 8% Feb. 9 4 Jan. 4 Feb. 23 9 8% Feb. 55% 4% 7% 26% 23% Jan. 2 Feb. 21 Feb. 15 Feb. 9 Jan. 4 21 22 Feb. 23% Feb. 1.25 Jan. 25 Jan. 1.30 Jan. 41% Jan. 3% Jan. 21% Jan. 12 Jan. 41% Jan. 3% Jan. 54% 3% 6% 23% 21% Feb. Feb. Jan. Jan. Feb. Jan." 6% Feb. 26 6% Feb. 26 23% Jan. 12 Jan. 16 23 4 8 2 3 SAN FRANCISCO STOCK EXCHANGE 64 AQOREOATE SALES FRANCISCO. SAN In February Shares "1,186 1,120 350 448 360 4,326 1,053 906 100 20 1,295 10,525 STOCKS 1940 Par Shares -* 2,117 Scadio Corp of Amer com 1,575 Riverside Cement (Del) A——* 483 Rhumacher Wall Board com_* Preferred * 1,023 615 Shasta Water Co common—-* 12,810 Sou Calif Edison common-.-25 O 5H% preferred25 3,511 B 6% preferred— .......25 2,020 140 Sou Calif Gas 6% pref———25 Sou Pacific Golden Gate Go—- 6% preferred —.100 6,538 Standard Brands Inc com..—* 19,129 Studebaker Corp common..—1 Sunset-McKee Salesbook Co—66 Class A common 10 50 Superior Portland CementClass A preferred 43 7 804 113 1,145 2,679 * 700 200 198 53 1 Jan. 2 Since Jan. 1 10 RANGE SINCE JAN. PRICES IN FEBRUARY Price STOCK EXCHANGE 5$* Sale 4$* 4$* 24 10$* 29$* 30$* 29$* 32$* 65c 6 13 27 43 32 15 34 20 48 698 Warner Bros Pictures com—..5 63 West Coast life Ins Co cap..-5 200 Western Pacific RR com—100 50c 3$* 1$* 29$* 35 34 29$* 35* 10 21$* Feb. 19 21$* 42 44 12$* 33$* 15$* 35 13 34 17 25 16 47 J 21 1.15 57$* 1$* 4 $* 4 10c 1 3$* .. Sale 25c 34$* Feb. 7$* 11$* 44 1$* Feb. 29 11$* . Highest Lowest Sale Prices Sale Prices 7 1 2 10 17 Feb. 8 5$* Feb. 29 Jan. 23 5 Jan. 30 23 $* Jan. 23 9 Feb. 7 29 Jan. 18 5$| 8 Feb. 7$* Feb. 80c 1 17 47$* Feb. 1 1 5 12$* Feb. 15 21$* Feb. 5 Feb. 5 Feb. 17 49$* Feb. 9 13 35$* Sale lM 95c 58 J* Sale !$*• 1% 40c 75c 4 3$* 4 4$* 25c 20c 4 29$* Feb. 29 Jan. 1.05 Feb. 21 60$* Feb. 9 1$* Feb. 23 50c Feb. 16 4$* Feb. 19 4 Feb. 1 50c Feb. 4$* Feb. Feb. 4 2 26 34$* Jan. 17 75c Jan. 31 6 Jan. 2 9 Jan. 18 21$* Feb. 42 Jan. 13 34 20 47 Jan. Jan. Jan. Jan. 5 25 29 24 6 Sale Prices 6 Jan. 10 4 Feb. 6 5 Feb. 8 25 Jan. 3 12$* Jan. 6 30$* Jan. 30$* Jan. 29 $* Jan. 4 34$* Feb. IT 1 Jan. 4 7 $* Jan. 19 12$* Feb. 15 21$* Feb. 42 Jan. 13$* Jan. 34$* Jan. 20 |5 25 12 25 Jan. 6 24 3 16 49$* Feb. 2$* Jan. 9 1.15 Jan. 4 56$* Jan. 1 $* Jan. 23 16 66$* Jan. 1$* Jan. 50c 16 50c 2$* Jan. 1.00 Feb. 57$* Feb. 1$* Feb. Highest 6 Feb. 8 25$* Feb. 20 1 9$* Feb. 29$* Feb. 20 30 Feb. 29 29$* Feb. 28 Feb. 17 34 4$* Feb. 6$* Feb. 24 Feb. 5 13 15 5$* Feb. 7 Feb. 24$* Feb. Feb. 9 Feb. 29 29$* Feb. 5 80c 21$* 1.00 Sale Prices 5$* Feb. 29 Feb. 26 4 1.50 1.00 19 50c 50c 4$* 5$* 26$* 40$* 1.00 3 $* 4 25c 29 34 47$* Sale 2$* 2$* 2$* 2$* 1.20 1.10 66$* Sale Sale Sale 30 Sale Ask 10 9 29$* 29J* 7$* 10$* Sale 15$* 1$* Sale 29$* 28$* 80c 7 9$* 18$* 47 29 1.00 6 J* 40$* 11$* 498 United Corp of Del common—* 1 4,845 U S Petroleum Co capital 6,039 U S Steel Con) common——* 1,925 Utah-Idaho Sugar Co com—-6 208 VicaCo common...—.——25 4$* 5$* 23$* 24$* 9$* Sale 30$* 29$* * 200 Texas Gulf Sulphur common..* 17 Title Guaranty Co cum pref..* 1,644 United Aircraft Corp cap. ... -5 4 Sale 9$* Ask Bid 5$* 6 3$* 4$* 5$* W Sale a * * Class B common 248 Bid Lowest Feb. 29 Feb. 1 Ask Bid 1.00 Jan. Feb. 3$* Jan. 15 4 Jan. 3 25c Jan. 29 3 2 9 Feb. 16 4$* Feb. 19 4 25c Jan. 3 Jan.O 29 RANGE OF PRICES ON THE LOS ANGELES STOCK EXCHANGE Stock Sales 1940 February Jan. 1 to Feb. 29. AQQREQATE SALES Since February Jan. 1 Shares "2,880 10 63 "2",665 114 1,200 1 1 * 50 200 Berkey & Gay Furniture Co—1 3,525 Bolsa Chica Oil Corp A 10 114 B common.—. 10 8 Brock & Co Jan. 1 to Feb. 29 Feb. 1 1940 Par 1,920 Broadway Dept Store com 1939 _ —_ RANGE SINCE JAN. IN FEBRLARY 1 Price Jan. 2 STOCKS Shares 50 Assoc Gas & Electric A 5.663 Bandini Petroleum Co 25 Barker Bros common— 69 5$*% preferred February PRICiSS LOS ANGELES STOCK EXCHANGE In 1940 Bond Sales 1939 393,483 1,038,622 401,586 731,065 Shares. * .♦ Bid Ask Bid Ask 25c Sale 12$*c 50c 4$* Sale 12$*c 50c 3 $* Sale M d« 7$* 26$* 8$* 29 7 $* 28$* 8$* 29$* 30c 37c 25c 50c 30c 50c 38c 4$* J* 75c 5$* 1$* 39c 4$* Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Feb. 29 Ask Bid 4 1$* 2 75c 5$* 50c 4 $* 4c lc 2$* 75c 5$* 3$* Feb. 1 o7$* Feb. 8 28$* Feb. 26 3$* Jan. 17 4$* Jan. 3 26$* Jan. 9 26$* Jan. 37c Jan. 10 37c 1$* Feb. 50c 2 2 Feb. 24 4$* Feb. 10 10 4$* Feb. 27 a7$* Feb. 8 28$* Feb. 26 50c Feb. Feb. 24 4$* Feb. 5 a 5 5 Jan. 1$* Jan. 50c 10 22 Feb. 24 4$* Jan. 12 2 50c 5 9 Feb. 5 Feb. 24 Jan. 17 a Buckeye Union Oil 2,500 1,700 32 122 183 ""713 1,264 1,035 1,723 920 100 59 1,408 1,015 3.850 121 421 5,167 70 1,895 694 1,150 300 937 881 4,200 20 155 175 3,000 """837 22,475 3,597 20,569 3,642 600 33,675 115,211 200 225 _ 7,100 1,800 3.360 100 Common vot trust ctfs 1 Preferred vtc 1 372 Byron Jackson Co 822 California Packing Corp * 245 Central Investment Corp.. 100 100 Chapman's Ice Cream Co * 1,773 2,116 1,960 2,953 1,527 Chrysler Corp —5 Consolidated Oil Corp — * Consolidated Steel com Preferred Creameries of America v t c._ 1 241 District Bond Co 25 516 Douglas Aircraft Corp.. — lc lc 15 5c 2c 16 24$* 25$ 10 11$ 97$*c 1.7 89$* 90$* sg 10$* 5$J li 10$* 5;. 6$* 83$* 84$ 2,742 Electrical Products Corp... 10 10$ 4 2,100 Emsco Derr & Equip Co.—.-5 11 Sale 40c 43c 8,860 Exeter Oil Co A 1 136 Farmers & Merch Nat Bk—100 380 392 1,771 tFitzsimmons Stores Ltd 1 10 11$* 9,523 Fitzsimmon's Stores Ltd rights 120 Foster & Kleiser Co— 2.50 2$* 5o 4,516 General Motors Corp 10 100 General Paint common 7 ——* 5$* 125 General Telephone Corp 20$* 19$* 20 1,934 Gladding McBean & Co—♦ 5$* 5$* 8 3,850 Globe Grain & Milling Co 7$* 25 1,324 Golden State Co 9 * 9$* 1,850 Goodyear T & R Akron com * 23$* 24$* 1,936 Hancock Oil Co A * 37$* 39 4,850 Holly Development Co 70c 75c .1 20 Holly Oil Co. 1 ... £ — lc lc H* 24 300 Hudson Motor Car Co 175 Hupp Motor Car Co.— * 1 4,500 Intercoast Pet Corp... 50c 1,000 Jade Oil Co .—10c 1,152 |Lane-Wells Co_ __1 100 Langendorf United Bakeries B » 29,375 8,784 33,413 5,753 2,300 73,399 Lincoln Petroleum Lockheed Aircraft Corp... 10c Corp..—.1 Los Ang Industries Inc 2 Los Ang Investment Co....10 Mascot Oil Co 1 ..... Menasco Mfg Co.. 1 U Rights 200 Merchants Petroleum Co 1 825 Mt Diablo Oil Ming & Dev.. .1 8,600 Nordon Corp .........1 1,800 Occidental Pet Corp— —.... .1 5$* 75c 10c 2c 9$* 7$* 7c 32 12 1.75 81$* 7$* 5$* 10$* 5$* 80$* 7 5 10 n \i* 10$* 35c 384 8$* 20c 1$* 52$* 6 21 5 7$* 9$* 22$* 77||c "80 10 10 U Sale 392 10$* 8$* 9c Sale 4 4$* 42c Sale 10c 2c 9$* 7$* 8c 30$* 3 2 52$* For footnotes see page 66. 1 22$* 37$* Sale "_5$* 390 10 1$* 52$* 11 27 20 6 6 27 15 28 5 Feb. 28 1 Feb. Feb, 6 5 8$* Feb. 20c Feb. 1 al$* Feb. 23 10 39c 400 2$* Sale 23 35c 384 52$* Feb. 27 24 5 $* 6 10$* 23$* M foe* 72$*c Sale k "'6$* 10c 20c 7c 3c 9 5c 10$* 8$* 9c Sale Sale 2$* Sale 30c 45c 4c 8c 52$*c 47c 50c 6c 6c 8c 18c 48c 12c 41c 20c 45c 6 4$* 10$* 9$* 37c 14c 15c 5 82 Feb. 10 83$* Feb. 27 7$* Feb. 19 Feb. 8 Feb. 21 M Feb. 28 Feb. 15 Feb. 9 Feb. 28 8 10$* Feb. Feb. 16 40c Feb. 26 396 Feb. 17 10 21c Feb, 5 fll$* Feb. 23 54$* Feb. 14 si ISM 10$* 7 12c 30 1$* AH 42c 2 19c 15c 46c 5c 24c 36c 4$* Q 8$* Sale 30$* Sale Sale 50c Sale Sale 30c 52$*c 7c 27c Sale 4$* Jan. 6 2c Jan. 9 14$* Jan. 26 10 Jan. Jan. 1 Jan. 16 Feb. Feb. Jan. Jan. Jan. Jan. 27 20 18 12 3 26 25 83$* 7$* 4$* 9$* 5$*. 6$* 10 3 19 lc Jan. 2c Jan. 9 14$* Jan. 26 Jan. Jan. Jan. 3 13 90$* Jan. 3 4 25 11 1 8 Jan. 3 27 Feb. 1 Jan. 4 396 10 5 383 8$* Feb. 23c Feb. 1 52 Jan. 23 6$* Jan, 30 5 8 23 Jan. 16 5$* Jan. 3 10 $* Jan. 3 5$i Feb. 28 6$* Jan. 26 10$* Jan. 35c 6 10$* Jan. 11 Jan. 43c Jan. 36c Feb. Jan. Jan. 19 2 8 26 12 22 54$* Feb. 13 6$* Jan. 30 a 5 8 Feb. 1 Feb. 9 2 9$* Feb. 24$* Feb. 21 37 70c al 30c 4$* 5$* 6$* ,8$* 12c 43c it* VA 14$* Feb. 2 o25$* Feb. 17 a 7 22 Sale 115,211 5.060 Oceanic Oil Co 225 Pacific Clay Products— 7$* .8% Sale 50c 95c 83 lc 2c 14$* al3$* Feb. Feb. 25$* «25 12 10$* Feb. 1,35 84 83$* Feb. 7$* Feb. 4$* Feb. 11 9$* Feb. 6 5$* Feb. 6$* Feb. "83" a82$* Feb. 10$* 10$* Feb. Sale 1$* 2$* 2$* It* 11 6 15c 7c 2$* 40c lc 13$* 24$* 10$* 95c ... . 2c 3b 6 75c 11c 7 Feb. Feb. 28 Feb. 9 Feb. 26 Feb. 26 Feb. 14 Feb. Feb. Feb. Feb. Feb. 77$*cFeb. 5$* 8$* 10$* 24$* 37$* al 6 75c 12c 23 9 17 21 29 1 Feb. 9 Feb. 26 Feb. 26 Feb. 14 9$* Feb. 2 Feb. 2 30 Feb. 28 3 1$* Feb. 6 4$* Feb. 46c Feb. 26 1$* Feb. 26 14c Feb. 28 a20c 47c 5c Feb. Feb. Feb. Feb. Feb. 25c 36c 4$* Feb. 10$* Feb. 27 Feb. 10 9 32$* Feb. 3 Feb. 1 4$* Feb. 27 Feb. 1 50c 2 2$* Feb. 32c Feb. 6 16 a20c Feb. 16 Feb. 7 7 47c 6c 7 Feb. 3 28 30c Feb. 20 29 47c Feb. 5 28 4$* Feb. 28 12c 6 Jan. 5 Jan. 4 9$* Jan. 21$* Jan. 30 15 37 70c Jan. 31 Feb. 28 80c Jan. 8 6 75c 11c Feb. 26 Feb. 26 Feb. 14 Jan. 9 6 Feb. 26 2c 8c Jan. 9$* Jan. 17 8$* Jan. 22 7c Jan. 28$* 1$* 4$* 40c Jan. Feb. Jan. 3 8$* Feb. 9 10$* Feb. 17 24$* Jan. 3 38$* Jan. 29 75c 12c 2c 10 8$* Jan. 12c 12 3 9 Jan. 13 1 $* Jan. 15 ,14 Feb. 28 32 45c 4c 25c 38c Jan. 4 Jan. 4 Feb. 28 Feb. 9 4$* Jan. 18 Feb. 26 Feb. 14 Jan. 9 Jan. 27 Feb. 32$* Jan. 3 22 10 2 Feb. 1 4$* Jan. 10 50c Jan. 9 2$* Jan. Feb. 27 50c Jan. 9 6c Jan. 11 30c 47c 6 Feb. 20 Feb. 5 4$* Jan. 18 March, 1940] Since February Jan. 1 Shares Shares "2,026 STOCKS 1,400 Pacific Distillers Inc 1 4,338 Pac Finance Corp common—10 10 Preferred A 1,743 Pac Gas & Elec Co ---25 com 1,268 214 629 1,089 5 54% 1st preferred 4,019 Pacific Indemnity Co 2,177 Pac Lighting Corp com """loo 200 Pacific Public Service.100 1st preferred 15 1,050 1,355 50 5,000 3.869 2,014 2,457 6,035 181 149 113 1,000 110 1st 7.690 70 6,130 3,672 220 1,113 2,965 8,842 1,328 615 9,069 8,844 1,130 40 - * * 155 Pacific Western Oil 10 2,210 Puget Sound Pulp & Timb Co.* 2,460 Republic Petr Co Ltd 1 90 5)4% Preferred A 50 1 8,000 Rice Ranch Oil Co...! 5,708 Richfield Oil Corp common—* Wawatitfl 2,168 2 6,489 Roberts Public Markets 11,403 Ryan Aeronautical Co 1 373 Safeway Stores Inc.---* 514 Security Co units 194 Shell Union Oil Corp -* 3.000 Sierra Trading Corp 25c - 788 Signal Oil-Gas A. B 100 "V.560 25 -25 10 * preferred 6% common 13,774 2,359 1,040 22,156 17,000 2,010 Standard Oil of Calif. Superior Oil Co common Taylor Milling Corp.. Transamerica Corp - Union Oil of California 25 10 40 Van de Kamps Bakeries 7,473 14,372 110 700 2,625 517 1 1 625 625 * Vega Airplane Co 1.50 Weber Showcase & Fix pref--* Wellington Oil Co 1 Western Air Express Corp 1 Yosemite Portl Cement pref 10 15c 11H 12 "34"* 3454 30 % 3154 30% till 35% 49% Sale 6 21H 37 46% 5% 19% i28 iVA 12% ! £A 3 ?* 3 20c 13c 8 7% 154 154 754 Sale 5 54 554 47% 40% 30 32 12 H 2c 13% 27 Universal Cons Oil Co 10c 3314 33% 20 8c Sale "7% tr° 13h 33% 31% 37% 47% 1 Sale Sale 4 % "21 !VA 20% 7% 15% 3c 28 ..... Sale lc Sale 7% 3 1% 7% 5 4% 49% a47% 32 31% 11a 11% lVi 8% 7c 3c 26 % 29% 24% 6% 5% 29* Sale 46 29 30% Sale 30 29% 33% 13 13% 24% Sale 36% 35% 9% 8% 13 Sale 24% 35 9% Sale 5% 16% 14% 9% 5% 14 "3% 3 16% 8% 5% Sale 9% 5% 19 Feb. 20 Feb. Feb. 23 Feb. 23 15c 7 5 4% 4% 3 3% 3 6 ig Feb. 23 Feb. 21 6 Feb. 26 Feb. 1 45 Feb. 27 Feb. Feb. 33% 12% 23% 34% 8H 5% Feb. Feb. Feb. Feb. Feb. Feb. 16 Feb. 1 1 7 2 26 27 14 20 6 23 13% Feb. 19 a8H Feb. 27 5H Feb. .2 3c 27 6% 29% 45% 30% mu it* 24% 35% 8% 5% 16% 14% a8% 5% Feb. Feb. Jan. 4 Jan. 31 Jan. 26 13 23 39 Jan. 2 20 H Feb. Jan. 8 19 6 19 19 12 Jan. 30 2% Jan. 36% Feb. 18 1654 Feb. 254 J an. 17 39 Jan. 16 Jan. 12 16c Feb. 23 Feb. 16 1% Feb. 26 7% Jan. 12 4% Jan. 20 31 3c Jan. 4 Jan. 9 23 21 27 Jan. 2 25 Feb. 8H 1H 8% 5% 33 3c 19 20 5 Jan. Jan. 11 Feb. 27 Jan. 27 Feb. 5 Jan. 9 3 13 24 H Jan. Feb. 6 26 28H Jan. 3 24H Jan. 25 6H Feb. 13 Feb. 20 28% Jan. 22 30 Feb. Feb. 2 44 Jan. 2 28 29H 28% 34 H 33% Feb. 1 Jan. 31 Jan. 16 Feb. 2 Feb. 12% Feb. 26 Feb. Feb. Feb. 28 Feb. 16 Feb. 8 Jan. 3 12 27 46H Jan. 30% Jan. 29 54 Jan. 34H Jan. 34 H Jan. 15% Jan. 2654 Jan. Jan. Jan. 20 Feb. 23% 34% 8% 5% Feb. 16 Feb. 23 Feb. 13% Feb. 19 4H Jan. 15 Feb. Feb. Feb. Feb. 14 36 Jan. 30 10 Jan. 26 6H Jan. 17% Jan. 15H Jan. Feb. 9 Feb. 21 Feb. 6 4% 2% Sale a4H Feb. 29 0% 6% 14Hc a6% Feb. 27 a654 Feb. 27 10c 24 12c Feb. 2 10c Feb. 2c lHc Feb. 27 1% Feb. 19 He Feb. 26 2c Feb. 15 He Jan. Feb. 2 4 16 9 3 9 4 8 8 3 27 6 3 8 Feb. 40% Jan. Feb. 3 4% 17 3 Jan. Feb. 21 6 Sale Feb. Jan. 8 2% Feb. 14 a4% Feb. 29 2% Feb. 21 5 3% 29 29 29 '34% 8% 27 a,34 34 11" 31H Jan. Feb. Feb. 16 8 7% Feb. 6 Feb. 6 Feb. 3 Feb. 27 Feb. 1 Feb. 26 5% Feb. 5 a50% Feb. 17 Feb. Feb. 5 Feb. 23 33 Feb. 1 all% Feb. 5 29H Feb. "34% 3 19 Feb. 6% 5% '4% 20%\ Feb. a7%'Feb. 7 lc it* 23 17 16c 4% 48% 31% 10% 27 Feb. 30% 35% 47% 5% 20% 13 Feb. 7 4 20 Feb. 14c Sale 11% Jan. 33 H Jan. 33 % Feb. 47H Feb. 14c 5% Sale 48% 47% 31% 32% 11% 10% 9 39 20c sA 5% 10% 13% Feb. 21 Feb. 19 5 13% Feb. 2% Feb. 21 36% Feb. 17 3 o 17 31 34 14% 2% Sale 36H 37 13 Sale 10% Sale 153* 10% 9% 854 Feb. 27 Feb. 24 6 Feb. Feb. 14 Feb. 34% Feb. 39H 29% 28% 33% 33% 9% 33% 30% 31% 47% 31% 39% 47% 28 20H a7% 16% 2% 36% Sale 35 Sale Highest Sale Prices 10c Jan. 16 12 Feb. 2 a 6 46 Sale 12 11% Feb. 34 7 29 Sale 12% Feb. 30% Lowest Sale Prices 10c Jan. 16 15c 34 \* 25* 24 Highest Sale Prices "34% 19% 8 7% Sale 8* Lowest Sale Prices 12% 33% 6 21 43 H 29% 5 "34% Sale Sale 2X 4% 2% 15c 10c 12 Sale 33 54 it* 33* s3 Ask Bid Bid 12% 33% 33% 24 6H -_2o ._* 2 12 \l* * * 22c 11c * 1,152 Sontag Chain Stores * 25 16,862 So Calif Edison Ltd com 275 Original preferred 25 12,355 6% preferred 25 5 ]4 % preferred 7,307 25 1.001 So Calif Gas 6% pref 25 2,714 6% Series A pref-.-25 7,796 Southern Pacific Co.------100 Ask Bid Feb. 29 Feb. 1 1940 Par 492 859 RANGE SINCE JAN. Price Jan. 2 100 """598 65 exchange PRICES IN FEBRUARY los angeles stock exchange In stock angeles los AGGREGATE SALES 2 5% Feb. 9 Feb. 20 3% Jan. 22 Jan. 3 6 2% Jan. 3 2% Feb. 20 Feb. 2 23 14Hc Jan. 9 2c Jan. 19 2% Jan. 17 5 mining stocks— 50 4,000 3,000 300 3,500 T.666 1,000 120 Alaska Juneau Gold M Co-.10 19,000 31,500 2,400 3,500 2,000 Black Mammoth Cons M ColOc Calumet Gold Mines Co Cons Chollar G & S Co l Imperial Development Co 25c Prince Cons Mining Co 9,000 Tom Reed Gold Mines Co 7,434 Zen da Gold Mining Co 10c unlisted 869 Amer Rad & Stand San 315 580 Am Smelting & Refg Co 2,845 American Tel & Tel Co 2,568 Anaconda Copper Mining 137 880 160 1,187 10 * 51 Transportation 1,322 Baldwin Loco Works v 1 13 t c 240 622 579 1,246 Bethlehem Steel Corp (Del)..* 1,151 Borg-Warner Corp 5 181 30 359 100 1,121 395 134 1,360 148 4,811 265 59 150 932 564 675 80 1.055 670 460 540 295 200 1,030 977 516 225 890 60 5 5 181 Canadian Pacific Ry 30 Case tJ I) * 10 689 Commonwealth & Southern..* 2,847 Continental Motors Corp. 1 190 Continental Oil Co (Del). Olass A 575 324 Electric Bond & Share 574 Electric Power & Light 695 Paramount Pictures Inc 10 Seaboard Oil of Del 1,347 Sears Roebuck & Co 443 527 837 Stone & Webster Inc 1,593 Swift & Co 65 2,703 410 177 50 No par 50 - * 311 Southern Ry 4,580 Standard Brands Inc 869 Standard Oil Co (N J) 210 4% 37% 30% 55% 125 Corp * 25c 50c 8H 2H< 8%c 3c lc 5c lc - Feb. 5c Feb. 20 2c Feb. 23 1% Feb. 19 He Feb. 26 5c Feb. 20 2c Feb. 23 Feb. 9 1 % Feb. 15 3 Feb. 26 Jan. 18 Jan. 10 He Feb. 26 28c Jan. 23 He 30c 4Hc lHc Jan. Jan. 11 5c 29 2Hc Jan. 2 979 United Air Lines Trans Corp 699 United Aircraft Corp.. 289 United Corp (Del) 795 U S Rubber Co S Steel Corp 5,245 885 Warner Bros Pictures. U 2 58 8% 12 % * 19% 6 44 % * 11% 9% 1 25 25 10 * 5 5 * 10 ♦ 2 21% 45% 10% 7% 3% 8 24 8?4 6 1% 23% 19% 80% 12% 20% 44% 12% 9% 2% 22% ?1A 86 15 47} 16 y 48 2% 40% 41% 66 06 U H .5 3% 329 Westinghouse Elec & Mfg 50 80 Willys-Overland Motors Inc__l 116% t Listed May 3.1939. 7% 41% 48% 20% Sale 25 ...-1 30% 23 4?* 67 67 Uk 20 29 16 14 23% Feb. 2 10 Jan. 11 10 Jan. 11 47% Jan. 15 47 54 Jan. 15 26H Jan. 5% Jan. 22 16 29 % Feb. 5 54 Jan. 22% Feb. 23 23% Jan. 16 30 11 Jan. 22 6 6 3 54 Jan. 14% 37% 55% 4% 28 alO 23% 22% Feb. 24 Feb. 19 22% a21% Feb. 26 a23 6% 6% Feb. 2 7% Feb. 8 74% 54% 5% 38 Feb. 1 a50% Feb. 172H al70HFeb. 1 al72HFeb. 30 27% Feb. 13 29% Feb. 5% a 5% Feb. 3 a5% Feb. 5% Sale 9a 49 H a47% Feb. 26 22% 15 »_* 9% IVA 26 * * Superior Oil Corp (Del) 1.401.62H He lc 5c 26 5% 1% 23% 18% 85% * ...» 897 Texas Corp 698 Tide Water Assoc Oil Co 826 Union Carbide & Carbon value. lc 5c Sale ...1 418 Pure Oil Co 115 873 10c Sale 37% 7 2,209 Socony-Vacuum Oil Co 355 62*1 3% 120 339 285 40* * 848 317 488 Corp.* 4% 72% 53% 4% 6% 14% 1% 3% 23% 10% 29% 7% 7% * 9,037 Studebaker 0% 15c lHc 2 1% 2% %c lc 30c 50c HP. 25 1,790 Packard Motor Car Co 4,979 6% 12c 170% 171% 30% 30% 6 5% 21% 20% 24% 24% 7 7% 3 H 3% 17% 17% 12% 12% 3154 80% 1,064 Ohio Oil Co 1,487 Radio Corp of America 1,037 Radio-Keith-Orpheum 6,075 Republic Steel Corp 1,202 5 2,054 General Electric Co.. ..* 1,284 General Foods Corp ._* 990 Goodrich (B F) Co * 180 Graham-Paige Motors Corp 1 * 2,086 International Nickel Co * 1,165 International Tel & Tel.. 1,238 Kennecott Copper Corp * * 1,035 Loew's Inc 511 Montgomery Ward & Co * 700 Mountain City Copper Co 5c * 2,499 New York Central RR -.1 2,799 North Amer Aviation Inc 10 1,552 North American Co 884 '""633 5 1 Corp 1,594 Pennsylvania RR Co 657 100 717 Caterpillar Tractor 110 Cities Service Co 590 138 2,620 25 1,696 Columbia Gas & Elec Corp—.* * 1,022 Commercial Solvents 9,521 Curtiss-Wright 38c 3 He 2 He * 100 535 Barnsdall Oil Co.. 1,092 Bendix Aviation 826 lc oo^C 28c 1 25c 50 684 Armour & Co (111) 5 2,105 Atch Top & Santa Fe Ry_.100 210 Atlantic Refining Co 25 2,337 Aviation Corp (Del) 3 200 Aviation & """570 6 % 6 H 12%c 15c lc He 2 % 2% stocks— 299 1,331 1,401 • 10c 3 a 1654 Feb. 15% al5H Feb. 11% alOH Feb. 27 all % Feb. 9 31% Feb. 32% Feb. W* 76 Feb. 76 5 73H Feb. 23 % 9 23% Feb. 23% Feb. Feb. 5% 5% Feb. 27 70 1 a68% Feb. a67% Feb. 49% a47% Feb. 27 a51% Feb. 2 4% a4% Feb. a3% Feb. Sale 6 Feb. 29 6% Feb. 8 14% 14% Feb. 14% Feb. 1% 1% Feb. 14 1% Feb. 4 Feb. 26 4% Feb. 24 a24 Feb. 24 a24% Feb. 10 Feb. 1 Feb. 10% 29 7 29% Feb. 29% Feb. 6% a7H Feb. 14 a7H Feb. a6% Feb. 23 a6% Feb. 38 Feb. 24 38% Feb. 37. 47% 47% Feb. 19 47% Feb. 19 Feb. 20 19% Feb. 20% a% Feb. 27 a% Feb. Sale 36H Feb. 29 36% Feb. Sale 4 Feb. 3% Feb. 29 36 Feb. 14 Feb. 36 37% 6 35% Feb. 35% 35% Feb. 6 a54% Feb. 54% a5154 Feb. 1 Feb. 4% 3H Feb. 16% 16% Feb. 28 16% Feb. a24% Feb. 27 a26% Feb. & 22 21% Feb.' 13 21% Feb. 3 6% a6% Feb. a7% Feb. 2 3% 3H Feb. 3% Feb. 1 7% a654 Feb. a7% Feb. 8 22% 22H Feb. 22% Feb. 7 8% a8% Feb. a8% Feb. 6 Feb. 5% 5% Feb. 26 5 1% 1H Feb. 1% Feb. 1 21% 21% Feb. 19% Feb. 18% 84% a82H Feb. a84% Feb. 11% 11H Feb. 11% Feb. 17% al6H Feb. al854 Feb. 7 Feb. 7% 6% Feb. 44% 43H Feb. 43% Feb. 10% 1054 Feb. 10% Feb. Sale 10% Feb. 12H Feb. a2 Feb. 2H al54 Feb. 2254 Feb. 23H Feb. 44 ?4 a42% Feb. a44H Feb. Sale 10H Feb. 10H Feb. Sale 82% Feb. 82% Feb. al6 Feb. 1554 J1454 Feb. a49H Feb. 47% a47% Feb. a2 Feb. a2% Feb. 36 38 % Feb. 38% Feb. 58 % 59 Feb. 61 Feb. 4 4 Feb. 3% Feb. 113% al08HFeb. all3HFeb. 2 alH Feb. alH Feb. _ 35% 3% 34% 35% 50% 3% 15% 24% 21% 6% 3% 6% 21% 8% 6 5% 1% Sale 19% Sale 19 18% 83 % 82% Sale 16% 6% 42% 10 17% 7% 43% 10% 10% 1% 22% 42% Sale w* 79 Sale 15 47% 2 35% 56% 3% 107 1% 2% 23 43% 80 15% 48% 2% 36% 56% 3% 108 1H t Listed May 15,1939. 5^ U Listed Feb. 6. 1940. 15 754 Jan. 3% Jan. Jan. 15 4 30 15 15 Jan. 27 31% 73H 23% 5% 9 Feb. 5 Feb. 9 Feb. Feb. 27 10 17 51 % Jan. 24 5154 Jan. 24 Feb. 29 3 9 2 20 28 9 32% Feb. 20 76 Feb. 28 23% Feb. 9 554 Feb. 27 19 .8 13 % Jan. 19 7 Jan. 14 H Jan. \4 1H Jan. 3% Jan. 26 154 Jan. 15 2 6 19 24 4 4H Feb. 2 15 9 7 14 5 954 Feb. 15 7 29 54 Feb. 7H Jan. 27 Feb. 11 29 54 Feb. 854 Jan. 9 7 3 8 8 Jan. 8 8 Jan. 14 38 Jan. 15 40 Jan. 11 19 45% Jan. 12 21 20 Jan. 5 1 Jan. 4 47 54 Feb. Jan. 20 Jan. 1 19 5 4 27 14 9 14 6 36H Feb. 29 3%, Feb. 29 36% Jan. 24 35 54 Jan. 24 3854 4H 3654 3554 Jan. 4 Jan. 5 Jan. 24 Feb. 6 9 20 15 9 13 3H Jan. 31 Jan. 15 2254 Jan. 2154 Jan. 15 16 25 4 Jan. 1854 Jan. 25% Jan. 2Vil 9 3 Jan. 10 24 Jan. 24 Jan. 11 15 3 54 Jan. 29 3% Jan. 8 19 754 Jan. 2154 Jan. 24 754 Jan. 24% Jan. 24 8 8 1 9 7 Jan. 9 24 5 9 Jan. 26 6 Jan 9 554 Feb. 5 1H Feb. 1954 Jan. 22 8 1 8 11H Feb. 17H Jan. 26 Jan. 2 6 23 13 21 6 25 4354 Feb. 23 1054 Feb. 20 954 Jan. 17 154 Jan. 2254 Jan. 5 5 19 29 9 24 1154 17 H 7H 45% Jan. Jan. Jan, Jan. 12 Jan. 11 1054 Jan. 5 26 18 4 23 28 23 29 29 9 9 16 9 9 15 2254 Jan. 10 '16 54 "Feb". Jan. Jan. Jan. Feb. Jan. 3 54 Jan. 15H 4854 254 3854 5754 3 24 26 26 4854 Jan. 31 2H Jan. 3854 Feb. 6254 Jan. 4 Jan. 9 20 31 1 a Jan. 15 H Jan. 11 24 9 ft Removed Sept. 8. 2354 Feb. 28 Odd lots. 3 9 11 4 V Pittsburgh Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON PITTSBURGH STOCK EXCHANGE 1940 Stock Sales February Shares_ __ _ Jan. 1 to Feb. 29___ AGGREGATE SALES In Since February Jan. 1 Price BONDS Jan. 2 1940 —______ Shares 41,300 12 56 218 740 125 12,910 840 1,261 STOCKS Shares 41,690 Allegheny Ludlum Steel 35 Arkansas Nat Gas Oorp 108 Preferred*. 681 Armstrong Cork Co 1,947 Blaw-Knox Co 267 Byers (A M) 29,489 Carnegie Metals 3,140 Clark (D L) Candy. 4,989 Columbia Gas & Electric 788 Consolidated Ice Co 196 Preferred 100 Copperweld 440 3,647 740 Devonian Oil 6,273 Duquesne Brewing 100 Electric 1,112 360 "365 5,840 7,059 2,370 605 244 175 298 484 165 325 5,000 938 ""lOO 389 ""726 176 Steel Bid Ask Feb. 1 Bid $7,000 ___— RANGE SINCE JAN. Ask * .-10 * * * 1 * * Lowest Lowest Highest Sale Prices Sale Prices Feb. 29 Ask Bid 110% Jan. 21 2 37 11 12 % 2 Sale Sale 6% Sale 39% Sale Sale 10 Sale 10% Sale Sale Feb. 3 Feb. 1 23% Feb. 21 2 Feb. 1 Highest Sale Prices Sale, Prices, 113 Jan. 9 113 JanTF 158% ""I Par * 1 6% 39% 9% 12% 1 Feb. Feb. 27 Feb. 13 Feb. 21 1 6% Feb. 8 40% Feb. 10% Feb. 15 13% Feb. 10 25c Feb. 24 35c 5% Feb. 6 Feb. 2 18% Jan. 2 25 110% Jan. 25 15 Jan. 30 6% Feb. 1 37 Jan. 2 9% Feb. 13 12 Jan. 27 25c 2|% Feb. 21 Jan. 30 Jan. 30 h Jan. 3 40c^ Feb. 10 Jan. 5 6% Feb. 7% Jan, 13 Feb. 8 Feb. 24 5% Jan. 4 6 Feb. 2 * -10 25c Jan. Jan. 26 10 1 Jan. Jan. 4 26 10 .10 15% Jan. 18 16 Jan. 10 MM Jan. 35c 50c 5% Sale 6% Sale Sale 5% 6 6% Sale 30c 35c 6 40c 6% 6 Feb. 28 6% Feb. 6% Feb. 13 13 - 10 5 Products 2,758 Follansbee Bros pref 100 1,735 Fort Pitt Brewing 1 lOHorne (Jos) common 100 629 Koppers Co pref 100 19,447 Lone Star Gas * 11,159 Mountain Fuel Supply ..10 5,862 Nat Fireproofing Corp com—* 465 National Radiator Oorp 10 1,785 Pittsburgh Brewing * 652 Preferred * 59 Pittsburgh Coal Co com—100 150 Preferred 100 25 Pittsburgh Forgings 1 175 Pittsburgh Oil & Gas 5 706 Pittsburgh Plate Glass. 25 * 1,031 Pitts Screw & Bolt Corp.— 215 Reymer & Bros common .* 575 Ruud Mfg 5 5,000 San Toy Mining 1 1,938 Shamrock Oil & Gas.. 1 50 Preferred —100 100 United States Glass 1 764 Vanadium* Alloy Steel— * 1,720 Victor Brewing Co 1 1,377 Westinghouse Air Brake * 310 Westinghouse El & Mfg Jan. 1 to Feb. 29 PRICES IN FEBRUARY PITTSBURGH STOCK EXCHANGE 1939 1940 February 67,788 162,393 156,810 $ 4,000 Independent Brewing 6s. . 1955 1949 3,000 Pitts Brewing 6s_ $ Bond Sales 1939 70,044 50 1 16 11 5 12 17 ■IIH Sale 14 1% Sale 12% 84% Sale 10 % 10 5 Sale 1% Sale 6 % 6% ix lc ..... 5 aV* Sale n Sale 7% 32% Sale 16 Feb. 13 11 Feb. 2c 16% Feb. 1 Jan. Jan. Jan, 12 11 Sale 1% Sale 19 87 86 9% 5% Sale 1% Sale 8 19% Feb. 21 1% Feb. 29 17% Feb. 1% Feb. Feb. 90 10 9% Feb. 5% Feb. 1% Feb. Feb. 8 Feb. 8 5% Feb. 17 1% Feb. 16 9 2 1% Feb 1% Feb. 34 32% Feb. 32 . Feb. 19 5 13 1% Jan. 12% Jan. 84% Jan. 9% Fen. 5 Jan. 1% Jan. 6% Jan. 1% Jan. 32% Jan. 4% Jan. 1% Feb. 102% Sale 7 Sale IX 2 1% 1% lc 2c lc 2c 2% 1% Sale 2 80 55c 80 55c 30c 1 16% Feb. 12% Feb. 21 5 Sale Sale" 33% 20c 9% Sale Sale 1% Sale 1% 65 87 7% 1% 32 % 5% Sale •8% 16% Sale 11% Sale 5% 17% Sale 1% ■IX 12% 1 1% Feb. 1 21 103% Feb. 28 5 9 7% Feb. 6% Feb. 1% Feb. 20 1% Feb. 20 7 Feb. 17 3 5% Feb. lc Feb. 13 lc Feb. 13 2 Feb. 10 1% Feb. 29 99% Feb. 45c Sale 20c 25c Feb. 30 19 Feb. 21 23 Feb. 55c 30 20c 30c 108% Sale 24% Sale 112% Sale 108% Feb. 1% Sale IX Sale 1% Feb. 55c 32 Feb. Feb. 19 6 2 5 Jan. 3 20 Jan. 2 9 18 Jan. 2 10 12% Jan. 10 2 90 Feb. 8 2 Jan. 2 Feb. 3 17 19 Jan 18 Jan. 9 6 Jan. 12 29 12 si # 3 Feb. 5 Jan. 2 Jan. 4 Jan. 18 Jan. 20 10 Jan. 18 1% 99% 6% 1 % 5% 1 1 1% Feb. Feb. Jan. 17 103% Feb. 28 5 2 Feb. 8% Jan. 2 Jan. 12 Feb. 20 7 Feb. 17 Jan. 25 1 lc Feb. Feb. 1 lc 1 % Feb. Jan. 55c 30 20c 23 26% Feb. 113% Feb. 9 12% Feb. 21 22 65 35c 31 25c Feb Jan. Jan. Feb. 106% Jan. 29 9 19 18 12 el* 55c Jan. Jan. Feb. 33% Jan. Jan. 25c 5 28% Jan. 12 117% Jan. 10 9 19 4 17 4 3 UNLISTED 851 * 1,042 Pennroad Corp v t c No par value, x Ex-dividend. 1 P 1% Feb. 3 1% Jan. 22 2% Jan. 15 \ t In the earlier part of month and for the calendar year to General Quotations we combine in one only those dealt in index to on date, Exchange Seat* — Federal Land Bank Bond*............... 84 92 Foreign Government Bond*.............. 93 85 .............. ...........100 Investing Companies Securities.......... 72 Quotations for all securities are as near as Page Page Railroad Stocks......................... 85 92 Real Estate Bonds 94 Textile Stocks Title Guarantee and Safe Deposit ...... 73 78 ....—............. 67 United States Territorial Bonds.......... 92 Mining Stocks Municipal Bonds—Domestic... Canadian ........... Public Utility Bonds....... Public Utility Stocks possible for the ...... ... Railroad Bonds —...........101 Real Estate Trust and Land Stocks .... 85 ......—................. 88 Stocks. 85 United States Government Securities..... 92 closing day of the month preceding the date of issue. price, and flat price—that is, that the accrued interest forms part of the therefore the purchaser does not have to provide for it separately In making payment. In the case of income no 71 84 The letter "f' prefixed to bond prices denotes that the quotation is a always "flat," and not The following is an quoted: Joint Stock Land Bank Securities 81 ..... Insurance Stocks furnished. comprehensive whole, securities of all classes and descriptions, Page Industrial Stocks are the exchanges, but also leading unlisted and inactive securities. the different classes of securities Industrial Bond* stock exchanges of In this department of this publication complete records of the dealings on the leading the country, for the latest bonds and bonds in default, the price is designating mark Is employed to Indicate the fact. Quotations for equipment bonds are based on average maturities. Quotations for guaranteed stocks are "and dividend" that Is the accrued dividend must be paid in It should be borne In mind in the cases the figures are obtained from U3e sources of these tables that the quotations which are addition to the price. for many inactive and unlisted securities are merely nominal, but in all gold, "gu" for guaranteed, "end" for endorsed, "cons" for consoli¬ considered reliable. The following abbreviations are often used, viz.: "M" for mortgage, "g" for dated "conv" for convertible, "s f" for sinking fund, "1 g" for land grant, "opt" for optional. The black-faced type in the letters showing the interest period Indicates the month when the bonds mature. and Income and defaulted bonds. NOTICE—All bond prices are "and interest" except where marked "f" Bonds Bid RAILROAD BONDS Aberdeen &Asheboro 1st 5s'40 J&J f 25 Adirondack 1st 4 34 s 1942 gu MAS Akron A Barb Belt g 4s 1942. JAD SO 9934 83 Gen & ref 6s 1945 series A.AAO/ & ref 5 34s 1945 ser B_ A&O/ "Gen 41 66 % 67 34 FAA 5434 4234 109 1st cons JAD Alabama Tennessee A Northern— 108 g 6s 1943 ser 4s 1943 ser B Prior lien 6s 1948 JAJ/ Gen income 6s Oct 1948—JAJ / Alabama A Vicksburg Ry— 1st M g 5s 1974 s. rieb A..MAN 6s series C Dec 1 io% % 88 11>4 134 MAN Stamped Conv g 4s of *09 due 1955. AD Conv g 4s *05 due 1955..JAD Conv g 4s of'10 due 1960. JAD Conv deb 4 Kb 1948 JAD Trans 8 L 1st g 4s 1958—JAJ Gal-Ariz 1stAref4 34s'62 opMAH Rocky Mt Div 4s 1905: AJ Eq tr 234s 1940-1949 MAN b Athens Term Ry 1st g 58 *37—JAJ / Atl A Blrm. 7934 7034 4234 S'west Div 1st 1st cons 4s July 1 1952—MAS Gen unlfser A 434s 1964—J&D 10-yr coll tr 5s May 1 '45.MAN Lou A Nashv 4s Oct 1 '62.M AN Equipment trust 4 34s 6 Eq 434* 1940-41 E (yr)—.FAA b Eqtr 234s 1940-52 AAO b Atlantic Coast Line (Conn)— trred ctfs oflndebt 5s 65 1.50% 9734 98 47 JAD 2d g 4s 1948 JAJ Atlantic A Yadkin gu 4s *40.AAO Aug Term 1st gu g 6s 1947..AAO Augusta Un Station 4s 1953-J&J 104 85 87 8534 8634 9734 9234 9234 9534 JAJ 44 110 1.65 25 10754 10034 1.00% 32 9454 9454 83 85 74 34 53 71 68 34 2.00 2.00 2.50 3434 57 59 1.50% 2.75 2.00% 2.25% Con g 434s 1957 Ry of Chatt 1st 5s '45—JAJ Belvidere Del cons 334s 1943. JAJ Bessemer A Lake Erie— Equip tr 23is 1940-1947..MA8 Big Sandy Ry 1st g 4s 1944—JAD Birmingham Southern— Equip trust 334s Dec. 1 1940-46 Birm Term 1st g 4s 1957 gu.MAS Boonvilie St L A Sou 5s '61.FAA Boston A Albany 5s Oct *03—JAJ 5s June 1942—. ...JAD 434« lmpt 1978 FAA 1st mtge 4Kb ser A 1943..AAO 334s Jan 1 1951 JAJ Ref 3 34s 1952 gu N Y O..AAO Boston A Maine RR— 1st mtge 5s ser AO 1967...MAS 1st mtge 5s ser II1955 MAN 1st mtge 4 He ser JJ1901.. AAO 5s series Q Feb 2 1940 5s series R May 1 1940 1940 5s series S Sept 1 5s series T Sept 1 5s series U Nov 1 5s series V Mar 1 5s series W April ... 1941. 90 10534 VI 1.65 1.00% 109 2.25 1.50% 84 20 07% 8734 6834 56 7634 7834 54 54 5534 5534 45 4534 44% 4434 45 4434 75 85 48 50 47 46 3s 14834 fi 47% 47% * 47 % <"47 $4 I 47% « 4734 t 4734 i 4734 4634 4634 4634 4634 4634 4634 4734 4734 4734 4734 4734 47 ... 1942 4634 5s series AA April 1 1944 5s series BB {April 1 1944 5s series CC.\Lintl 1945 5s series DD 5s series EE Jan 1 1946 5s series FF Jan'l 1947""" 5s series GG April 1 1947." JAJ „ 47 46% 46% 46% 1 1942 5s series X July 1 1942 5s series Y Jan 1 1943 5s seresiZjMay 1 1943 * Last sale. 183 34 ~ 1941 .Tune^l 1945 89 52 70 Nominal. 46 a 70 W* 37 Certificates of deposit Buff A Susquehanna RR Corn— 1st 4s Dec 30 1903 JAJ Burl Cedar Rapids A North— Con 1st A coll tr 5s g '34.. AAO Certificates of deposit Cambria A Cl'field 5s g *41..JAJ Gen M g 4s 1955: 10 234 MAN Canadian National Rys— 2s guaranteed 1942 90 M 85 50 103 80 8534 2.50 2.00% 3.00% 2.25% 2.25% 80 Buffalo Creek 1st 5s 1941 JAJ 1st ref 5s 1901 JAJ Buffalo Rochester A Pittsburgh— *40 7154 6934 1.50% 1.50% 2.00% 33 4834 4834 5634 f 44 Canada Atl Ry 1st 4s 1955..JAJ Canada South 5s 1902 ser A .AAO 54 3834 57 47% 45% I JAJ 50 76 99 39 55 54 4sl950 35 86 97 1434 Battle Or A Sturgis gu 3s '89.JAD 97 76 18 94 114 73 14 1334 5334 * 5934 f 5934 / This price includes accrued Interest. 12 6s ext to Jan 15 1947 JAJ Boston Term Co 334s 1947—FAA 1938 55 Mtge 434s 1944.. 6 Basis. 2634 Boston Rev Beach A Lynn— 1st m 434s Juy 15 1947—JAJ15 FAA 90 Belt 3.25 2934 |26 55 3.25 1st mtge gu g 4s 1955 Boat A Prov deb 5s July 1 55 — 97 10334 2534 3.00 3.00 3.75 Boston ANY Air Line— Cons refund g 4s 1951 JAJ 4s stamped 1951 Pis cat Div g 5s Jan 1943..AAO Van Bur Ext 5s g Jan '43.AAO 96 10934 99 % mtge 5s *50.JAJ Bay City A Battle Creek— 3s 1989 JAD Bedford Belt 1st 5s 1938..—JAJ f Beech Crk Ext 334* 1951— AAO 103 34 Ask 45% 4434 AAO MAN 97 Austin A Northwestern— 1st mtge gtd g 5s 1941 2734 2534 434s 1940-1943 5s 1940-1944 96 89 103 34 MAS Eq tr 434s ser E1940-42AAO b Eq tr 434s ser F 1940-44.-MAN b Bangor A Aroostook— 1st M 5s g Jan 1 1943 .JAJ Atlantic Coast Line of 8 O— Gen 1st g 4s July 1948 JAJ Atl A DanvilK 1st 4s 1948—JAJ JAD _ Certificates of deposit. Tol Cinn Div ref 4s A *59—JAJ / Eq tr 434s ser D 1941 JAJ b 10634 2.50 4434 Atlanta A Charlotte Air Line— 1st M 4 34 * 1944 ser A JAJ lot M 5s 1944 ser B. JAJ Atlanta Knoxville A Northern— 1st mtge gold 5s 1940 JAD 1st colis 4s Mar 1 2002...MAS Atlantic City 1st 4s 1951..-JAJ 1st 5s ext May 11954....MAN Atlantic Coast Line RR— __ Stamped modified MAS Convertible 434s. 1960 FAA Certificates of deposit P L EAWVa Syslref 4s'414M&N Certificates of deposit 8634 Line See Seab'd Air - Stamped modified Ry Bridge A Term— 1st M 5s 1964 MAS Aroostook Nor 5s g 1947-.--AAO Atchison Topeka A Santa Fs— Gen mtge gold 4s 1995.—AAO Adjustment 4s July 1 1995 Nov 2634 5s series F March 1 2000— 92 American Refrig Transit— Equip 5s ser F, G A H, *41-'45 6 Ann Arbor 1st g 4s 1995 Q-J 2534 1995— Stamped modified (Cont)— Mtge 4s 1942.... FAA £Mge 3s 1950 JAJ Equipment trusts— 334s 1940-1944 JAD 4s June 1 A Dec 11940-49 5s series ]D March 1 2000— Albany A Susq 334s g 1940._AAO 8534 Alleghany Corp— St Ooll tr conv 5s 1944. FAA 79 34 la Coll A conv 5s 1949—...JAD 6834 ► 5s stamped 1950 AAO / 4034 Allegheny Valgen 4s 1942..MAS 106 Allegheny A Western— 1st mtge guar 4s 1998 AAO 62 Ark A Mem JAD Stamped modified A—JAD cons 1944_ 66% 68% 70 5534 67 Ref A gen mtge bonds— 5s series A Dec 1 1995— Alabama Great Southern— 1st sec notes Bid Boston A Maine RR 1st mtge g 4s, July 1948--AAO 1st mtge g 5s, July 1948—AAO Certificates of deposit 4% ext 4134 Bonds Ask Baltimore A Ohio— Akron Canton A Youngs town— I* Bid Bonds Ask 65 5 534 10234 FAA 100 Cambria A Indiana RR— Equip trust 2 34s 1940-47..AAO 2s guaranteed 1943 Guar 7-year 234s 1944 7-year guar 234s 1946 3s guaranteed 1944 3s 15-year gtd 1952 3s 13-year guar 1950 3s 16-year guar 1950 3s 15-year gtd 1953 3s 15-year gtd 1959 80 JAJ F&A F&A JAJ M&N r 10034 101 r 100 10034 r 99 F&A J&D J&D F&A r J&J 4348 guaranteed 1951 M&S 434s guaranteed 1956 F&A 434s guaranteed 1957 J&J 434s guaranteed 1955 J&D 5s 15-yr. guaranteed 1954-F&A 5s guaranteed July 1 1969 J&J 5s gtd Oct 1 1969 A&O 5s guaranteed 1970 F&A Equipment trusts— 434s series J1940-42—M&N 5s series K 1940-1944..M&N 434s series L 1940-1945.J&D 234s series O 1940-1947.F&A 234s July 11940-1949 Canadian Nor deb 034s '40..J&J Canadian N 1.80 79 r r 9834 103% 06% r 97 r 96 r 94% 5s coll trust 6s conv 1954 coll trust 1942 Equip trust 5s 1944 434s 1940-1945 Fa,able in Oanadiaa fumls. J&J J&D M&S J&J J&D M&S J&J J&D 97 97% 98% 99% 89 100 102 10134 3.75 3.75 3.75 3.00% 3.00% 3.C 3.25 3.25 11034 W434s Oct22 1943— 4s cons deb (perpetual) 434s secured ctfs 1944 434s coll trust 1946 434s coll trust 1960 103K r Canadian Pacific Ry— 234s coll trust 1941 A&O 3s serial coll tr 1940-41—F&A 3s conv coll trust 1945 A&O 334s conv contrast 1951—F&A 4s conv coll trust 1949 J&J 100 99 79 9934 7034 6934 7134 64% 76 8634 7534 :% 81% 81% % 102"34 ~' 3.75 °lll34 RAILROAD 68 BONDS NOTICE-—All bond prices aro "and interest" except where marked *'f" and Income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bonds Bid Ask Bonds 50 Chicago Rock Island & Pac Ry— General gold 4s 1988 J&J Bid Bonds Ask Bid Ask / Oaro Cent 1st g gu 4s 1949—J&J / 42 Oaro Clinch & Ohio 6s *62-J&D 15 108*6 1st 6s 1940 ———J&J Central Branch Union Pacific¬ 152 k / —M&N Ref&gen5*6s 1959 ser B-A&O Ref & gen 5s 1959 ser O—A&O Equipment trusts— 4*6s series Q 1940- , , Ref g 4s 1934 opt to 1911 Certificates of deposit 48*6 ist 4s 1948 J&D / Central of Georgia— 1st M g 5s Nov 1 1945——F&A Cons gold 5s 1945 109 Certificates of deposit Carthage & Adirondack— 1st mtge guar g 4s 1981—J&D Catawissa RR g 4s 1948 A&O Central Arkansas & Eastern-- 103 20 — 4s series T1940-1952—-jJ&J Chatt Div gold 4s 1951— J&D Trustee ctfs 3*6s 1947..... ex 2X 2X 3 Chicago St Louis & N O— Con g 5s June 15 '51 J&D 15 Con g 3*$s June 15 '51-J&D 15 Mem Div 1st 4s 1951 J&D 2*6 Chic St Paul Minn & Omaha- 656 Eq tr 4*6s 1940-1944 A&O b Chicago South Sh & So Bend— Sink fund 3s ser B 1963 J&J 1.00% 3.50% 8 10 5 8 4*6 4% 7 1st & ref g 5s Dec 1 '60 opt J&D Inc mtge 5s Dec 1 1960 M&S Eq tr 4*6s 1940-'41 (yr)—F&A Pacific— 1st ref 4s g guar 1949---—F&A 1st g guar 4s Oct 11954—A&O Guar 4s I960----F&A European loan 4s 46--—M&» Central RR & Banking of Ga— 1942—M&N Coll tr 5s ext'd to Central RR of South 17 17*6 13 X 2.25 15 1.50% 67 X 68 Chicago & Western Indiana— Consol gold guar 4s 1952--J&J 1st & ref M 4*6s D 1962—M&S Choc & Memph 5s 1949 J&J / Chattanooga Sta 4s notes, notes, notes. Equipment trusts— 4Hs series W 1940 4MB 1940-1945 3s 1940-1946 2X8 1945-1949 Ohesterf & Lancaster 5s 103 3.00% lstM3*6sserD 1971 M&N 1st mtge 3*6s ser E 1969--F&A Cl'field & Mah 1st gtd 5s '43-J&J 123*6 99*6 99*6 Cleveland Akron & Columbus— 1st cons guar g 4s 1940—F&A 105 General 4s gold 1993 Gen M 5s ser B 1993 Ref & imp 4*6s ser B J&D J&D 1977-J&J CW&MDiv 1st 4s g '91—J&J St L Div 1st col tr g 4s '90 M&N 105 105*6 105*6 Spr & Col Div 4s 1st g '40-M&S White W V Div 1st 4s '40--J&J A&O M&N 5 & —-J&D & 1.65 1 " 1.70 1.10% 1.00% 1.70 100 117 118 106*6 113*6 103 GenM4*6s'87 stpd inc taxM&N GenM4 Ks'87 stpd inctax M&N 15-year 6*6s Mar 1936—M&S 1st & ref 5s May 2037 J&D 1st & ref 4*6s May 2037—J&D 1st & ref 4*6s May 2037 O J&D Conv g 4 las 1949 ser A. M&N Equipment trusts— 4*68 series U 1940-43--M&N 4*6s series V 1940-44—F&A 4*6s series W 1940-44—M&S 4*6s series X 1941 F&A 2*6s Dec 15 1940-1949 3*6s gen gtd 1950—F&A 4*6s 1977 ser A.F&A &ref4*6sl981 ser B__J&J Cleve Short Line4*6s 1961—A&O Cleveland Terminal & Valley— 1st 48 gold guar 1995 M&N 1st s f 5*6s 1972 series A-.A&O s f 5s 1973 series B„ A&O f 4*6s 1977 series C—A&O 78 Equip tr 2*6s ser A '40-*52-M&8 Coal Riv Ry 1st 4s gu 1945. J&D Coeur d'Alene& Pend Oreille Ry— 99 1.10% 5s 1960 J&J Colo & Southern 4*6s 1980-M&N Col & Pt Deposit 4s 1940—F&A 101 105*6 60 17*6 16 „ -111 109*6 111*6 65*6 75 79*6 50*6 46*6 49 99 99 106*6 51*6 64*6 100 100 106*6 108*6 105*6 109 109 102*6 104*6 78 79*6 8*6 2.25% 14 87*6 79*6 71*6 M&S 1943 Conn River gold 4s 2.25 1.50% 106*6 17 27*6 101*6 28" 106*6 100*6 10056 Connecting Ry (Phila)— 1st M gu 4s Mar 15 '51-M&S 85 —- 15 110 M&S 116 11 deb 4s '54-J&J J&J Consol Rys (N H) Deb 4s 1955. 1955 A&O Deb 4s 1956 guar J&J Cuba Co extend 3s 1955-—-J&J Deb 4s Cuban Nor Rys 1st 5*6s, Cuba RR 1st g 5s 1952. *42 J&D J&J 7*6> extended to 1946——-J&D 6s extended to 1946—-—J&D Imp & equip 5s 1960 M&N Danbury & Norw ref 4s 1955.J&J Dayton Union Ry 1st 4s '49-J&J Del & Bound Br 3*6s 1955.-F&A 1st & ref gold 4s M&N 1943 f f / * 156 24 22*6 22*6 22 { b 20 3.50 b 4.75 4.75 b 4.75 14*6 15*6 1556 15*6 15*6 15*6 16*6 9*6 9*6 Equip trust 4s Apr 1 1940-'49— 6 111 16" 11 11 11 2 29*6 35*6 41*6 18*6 3 30*6 38*6 44*6 32 34 33 34 14 99 97*6 con —.J&J / -J&J / 4s 1936 100*6 58*6 58*6 3.00 2.50% g^4*6s 1936 '55—F&A / Assented subject to plan / Ref & impt 5s 1978 ser B—A&O f Eq tr 4*6s 1940-'42 (yr)__M&N b Equipment trust 5s b Gen income 5s Aug 6*6 1*6 25*6 25*6 Denver & Salt Lake Ry— Inc mtge 6s Jan 1 l960_An 25 26 1st 4s Apr f J&J 1950 Des Moines & Fort Dodge— 35 8*6 10 2% 2*6 2*6 5*6 3.00% 3.00% Ctfs of dep 3.75 62 63*6 95 for gtd 4sl935-J&J / 4*6 50 40 25 5*6 70 45 34*6 1st guar 4 *6s 1961 M&N Detroit Toledo & Ironton— 97 J&J 103 1st 5s Mar 1 1964. Eq tr 2*6s 1940-1947 M&N 6 16*6 Detroit & Toledo Shore Line— 1st gold guar 4s 1953 J&J 17" Dext & Piscataquis 4 X% Duluth Missabe & Iron 9*6 9*6 9*6 1st 2.00% 2.00% 2.00% 2.00% 2.00% f This price includes accrued interest. "49—J&J Range— mortgage 3%b 1962—A&O 99 2.00 1.50% 107*6 60 70" 1st gold 5s 1937 Dutchess Co RR 4*6s J&J / 1940—J&D 2 10*6 M&S 1965——M&N k Last sale, Nominal. r 11*£ 103 101 J&J 54*6 60 J&J Ga & Ala Term 1st g 5s 1948.J&D II" 15 / 15*6 23 1st M 6s 1946 series A„.M&N / Certificates of deposit / 2*6 5 Georgia Carolina & Nor— Ext at 6% to July 1 1934 Georgia & Florida RR— 16 Ga RR & Bkg ref 6s 1951 4s Jan 1 1947 Ga Sou & Fla 1st g 5s 1945 Deb 5s 1952 H 2 Georgia Fla & Ala 1st 6s '52.F&A / Georgia Midland 1st g 3s *46.A&O 45** 113 A&O J&J 101*6 J&J A&O 45 461 30*6 3lj Glrard Point Sfge 3J4s *40—A&O Goshen & Deckert'n 1st 5*6s 1978 100 2nd ext 6s 1979. M&N Gouvernour & Oswegatchie— > 1st 5s 1942—. —J&D 48 48 28 105*6 104 J&J 102,, Grand River Valley—See Michig an Cen tral Grand Trunk Pacific— 1st M 3s 1962 J&J J&J r 94*6 Prairie)4s 1955 r 90 (Lake Superior) 4s 1955 92 r 1st 4s Feb 15 *42 Alb gU-M&N r 101 Gen 4s 1962 Can Govt gu..J&J 106 99 ** 91 94 103 108 Grand Trunk Western— 1st g gu 4s * July 1 1950—J&J 76*6 77 4.00 3.00% 75 78 90 J&J J&„ Gen mtge 4s ser G1946 J&J Gen mtge 4s ser H1946 J&J Gen mtge 3*6s ser 11967—J&J Eq tr 2s 1940-1947——M&S Eq tr 4*6s 1940 D(yr>— J&J Western Fruit Express— Eq tr 4*6s 1940. J&D 6 Greenbrier Cheat & Elk— 1st 5s 1944 J&J W Va Midland Ext 5s '54-J&J Greenbr Ry 1st g gu 4s '40-M&N Green Bay & Western— Debenture ctfs A Feb Debenture ctfs B Feb 1st 5 *6 s 1950 ser B 1st 5s 1950 series C 82 A&O A&O 82!. 100?^ 903 89*6 72 1.80 0.50% 1.00 0.50% 95 85 81 101*6 64 7*6 52 49 85*6 81*6 P 90 Equip tr 2*6s 1940-1946.-J&D 2.10 '52_J&J Stmpd (July 1 1933 cpn on) Gulf Terminal of Mobile— xM 1.00 Secured notes 3s 1941-1945. J&J Gulf & Ship Island RR— 1st ref & term g 5s Feb 97; 90! 82! 81 6 J&J 107 3 100 55 - Guantanamo & Western— 1st M 6s 1958 series A Gulf Mobile & Northern— 87*6 82*6 95 1.60% 93 85*6 66 64 1st mtge g 4s 1957 gu__ --J&J Harlem R & Portch—See N Y N H & Ha rtford Harris Ports Mt Joy & Lane RR Ext 4s 1943 J&J Ho bo ken Ferry 5s 1946 M&N 108*6 5l 47 123 Hocking Valley 4*48 1999 J&J Holidaysburg Bedford & Cumb 1st M g 4s 1951 guar J&J Holyoke & West 4*6s 1951—A&O 121*6 Ilousatonic con 5s 1937-.-.M&N Hudson & Manhattan— 45*6 47" —F&A Adj inc up to 5% Feb *57-A&O 1st M 4*6s 1957 conv F&A 47*6 15*6 48*6 48 51 100 4 ■ 15*6 Huntington & Broad Top Mt RR & Coal extend 6s 1940 A&O 12*6 gold 4s 1951— J&J 1st gold 3*6a 1951 J&J 1st extended g 3*6s 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 uens 1st g 3*6s 1952—J&J *6 1st East Tenn & Western N C— 1st stamped 5s 17 25 Extended 5s 1940—......A&O 108*6 12 82 103 6 77 Illinois Central— Duluth South Shore & Atlantic— n - 1st gold 5s 1957 opt Detroit Terminal & Tunnel— 14*6 17*6 16*6 17 2*6 5% 3.75 , Des Plaines Val 4*6s 1947—M&S Det & Mack 1st lien 4s 1995-J&D / 2nd Mort. gold 4s 1995—J&D / 2.50% 4.00% 4.00% 4.00% East Penn 1st 4s 1958 2.75 9 Denver & Rio Grande Western— 3*1 3.00 3.00 3.00 3.00 8*6 6*i 4.00% J&J Gen 4*6s 1976 series D Gen 4*6s 1977 series E Denver & Rio Grande— con g 5.00 78 14 50 2 Certificates of deposit— / 89 44*6 _ 1st 1st 6* 5* 107*6 96*6 Delaware Lackawanna & Western 100 „ Fort Dodge Des Moines & Sou— 1st 5s 1938 .J&D — Delaware & Hudson— 61*6 105*6 48*6 f Grand Rapids & Indiana— 1st 4*6s 1941 1st 3*6s 1941 59 86*6 76*6 70*6 43 4*6s 1982 Genesee River 6s 1957 Ga & Ala 5s Oct 1945 101*6 63 con Fort St Un Dep Det 4 *6s *41 68 64*6 1st / Proof of claim filed Great Northern— Connecticut & Passumpsic Rivers 1st gold 4s 1943 A&O *8*6 Amended 1.40% 48 Concord & Claremont 5s 1951 Gen ref gold 4s 1950 J&J 1st cons ref 4 *6s '52 opt—M&N 112 Colum & Toledo 4s 1955 5s M&S/ / Eq 4*6s 1940-'41 H (s-a)_M&S b Florida Southern gu 4s 1945.J&J Florida West Sh 5s 1934 J&J / F&A 17 24 1st 1st & ref 5s 1974 Certificates of deposit '44-J&J 16 26*6 2.00% M&N 14*6 A&O 14*6 Eq 4*6s '40-'41 LL (s-a)—M&S b 2.75 Eqtr 4*6s 1940-'43 (s-a)—M&S b 3.00 Erie & Jersey s f 6s 1955 J&J / 51 Erie & Pgh g 3 *6s B 1940 J&J 100*6 3*68 series O 1940 J&J 100*6 Florida Central & Peninsula— Eq tr 5s Dec 14 1940-'43 (yr) Grays Pt Term g 5s 1947—J&D 21 94 A&O 51 55 22*6 17 15*6 A&O — 113 Columb & Hock Val 4s 119 J&J / -J&J f A..A&O / Series D 1953 Ref & imp M 5s 1967 Ref & impt M 5s 1975 97 105*6 1.25% 51 __ Erie prior lien g 4s 1996Gen lien gold 4s, 1996 1948-A&0 16*6 16 El Paso & Southwestern RR— 1st & ref 5s 1965 A&O 5s stamped 1965 (Mountain and Clinchfield 84 93 105*6 Eq tr 2*6s Dec 1 1940-49 b 1.80 Elmira & vVilliamaporc— 1st 6s 1910 ext at 4% 1950-J&J 107 Income 5s 2862 A&O 99*6 El Paso & R I 1st gu 5s 1951.J&J 52 Conv gold 4s 1953 ser Series B 1953 99*6 106 Elgin Jol & East 5s 1941 _--M&N 97 108*6 91*6 A&O Edmonton Dun vegan & British Columbia Ry 4*6s 1944--A&O Fonda Johnstown & Gloversv— RR— 88*6 92*6 97% 1.75 s 1st M 16 1st 87*6 76*6 83*6 50" Cleveland Union Terminals— 2X 14*6 2.00 Ser D Gen 109 Chicago Lake Shore & Eastern— 1st M 4Xb 1969 opt 1919-J&D 112*6 Chic Memp & Gulf 5s 1940.-J&J f 27 Chic Milw & Gary 1st 5s '48-A&0 f 4*6 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 3X8 B May 1 1989.J&J Gen 4Xb May "89 series O-J&J Gen 4*6s May '89 ser E—J&J Gen M 4X8 May *89 Ser F.J&J Equip trust 3lis 1940-"53A&0 Eq 4*6s '40-'43 E & P (yr)_J&J Eq 4*6s "40-*41 G & H (yr) J&J Eq tr 5s 1940 ser B (yr)..F&A Chicago & North Western— Gen M 3 *6s g 1987 M&N Gen M gold 4s 1987 M&N Stmpd non-pay Fed Inc tax— Gen M 5s '87 stpd inc tax.M&N Ser B 4*6s gen gtd 1942—A&O Ser B 3*6s gen gtd 1942—A&O Ser O 3*6s gen gtd 1948—M&N Gen & rer 109 1953 A&O Chic June RR 1st 4s 1945—M&S Chic June Ry & Un Stk Y ds— Coll tr ref 5s 1940 —A&O Coll trust ref 4s 1940 A&O Cleveland & Pittsburgh— Ser A 4*6s gen gtd 1942—J&J 0.50% 1.20% M&N 1st cons 5s gold 1943 J&J Florida East Coast 4*6s '59.J&D / 13*6 Clev Cine Chic & St Louis— 104 1.75 92*6 94*6 Cincinnati Union Terminal Co— 103 X 1.00 108 Consol 1st g 5s 1956. Eastern Ry of Minnesota— Nor Div 1st g 4s 1948 Proof of claim filed b Cin Northern RR 1st 4s 1951-J&J Indianapolis & St Louis— A&O 12*6 99*6 - Eq trust 2*6s 1940-52 99 28 104*6 Short Line 1st 4s ft Basis. Oinn & Muskingum Valley— 1st 4s 1948 _F&A Cinn New Orl & Tex Pacific Ry— 10656 49 Cincinnati Lebanon & Northern 1st consol gtd 4s 1942 M&N 86 Chicago & Eastern Illinois— 1st consol 6s gold 1934—- A&O f 112% Chicago & Erie 5s 1st g '82__M&N 85% Chic Great West 1st 4s 1959-M&S f 26 X 3.00 Equip tr 4Xb "A" 1945--A&O Chicago & Illinois Midland Ry — 1st mtge s t 4*6s ser A '56 M&S 104*6 Chicago Indiana & Southern Ry— Con mtge g 4s 1956 guar—J&J 57 Chicago Indianap & Louisville— Ref M g 6s 1947 series A 14 J&J Ref M g 5s 1947 series B—J&J 13 Ref M g 4s 1947 series O—J&J 11*6 1st & gen 5s 1966 series A.M&N 8 1st & gen 6s May '66 ser B_ J&J 8 3.25 Equip tr ser E 1940-1944-A&0 I Monon Coal— Non-cuminc 5s 1955(w-s)—- / 13 Chic 91*6 93*6 48 65 100*6 101X *55--F&A 54 Cin Ind & West 1st 5s 1965-M&N 99 Chicago & Alton RR— Refunding g 3s 1949 A&O / Chicago Burlington & Quincy— Gen M 4s 1958 ------M&S 1st & ref 4ha ser B 1977—F&A 1st & ref g 5s 1971 ser A—F&A Illinois Div 3**s '49 op 29-J&J 4s July 1 1949 J&J Eq tr 2 *6s 1940-1947 A&O Chicago & Eastern 111 (new co)— Gen M 5s May 1951 M&N Certificates of deposit 5s income w i 1997.......—.. 51 88 ® ---- 63*6 40 122 99 —-M&S Craig Valley 1st 5s g 1940-J&J Paint Creek Br 4s 1945—-F&A Potts Creek 4s 1946——J&J R & A Div 1st con g 4s '89-J&J 2d con g 48 1 989 ---J&J Warm Spr Val 1st 5s g "41-M&S 77 38 4.00 3.00% 61 Consol gold 5s 1952 M&N / Cincinnati Hamilton & Dayton— General 5s gold 1942 J&D 105" 2s 1940-1947 52 4.50 65 1957 gu—J&J 1944 J&J 1945 J&J 1946---——J&J 67 49*6 . Chesapeake & Ohio— General 4*6a gold 1992—M&S Ref & imtp 3*6s D 1996--M&N Ref & .mpt 3 %b ser E 1996 F&A Ref & impt 3 *6s ser F 1963 J&D 1*6% notes, 1940 J&J 2*6% notes, 1941 J&J notes, 1942 J&J notes, 1943 J&J 80*6 60 48 % 95 100*6 48 Choctaw Oklahoma & Gulf— Carolina— , 5*6 74 107*6 106*6 107*6 106*6 1st M 4s series D 1963 1st mtge 3 lis ser E 1963—J&J Guaranteed 3*6s 1951 M&S 60 1st ref 6s 1940-1976 Central Vermont Ry— ;r:, Eq tr 5s Dec 14 1940-1944 (yr)_ b Charleston & Western Carolina— 1st 5s 1946) —---A&O Chatt Rome & Sou 1st 5s 47 J&J A&O J&J 1944 46*6 Central Guar g 5s 7 2 Chicago union Station— 5 ----J&J _ 6*6 5*6 Chic Terre Haute & Southeast— 656 44 5s 1987-J&J 6*6 5*6 1*6 99*6 21*6 Central of New Jersey— Gen M (now 1st) g Gen M 4s 1987 Sec 4*6s 1952 ser A M&S v Sec 4*6 ser A certifofdep / 30-yr conv 4*6s 1960 M&N / 31 4.25 1946-—J&J Mid Ga & Atl 1st 5s 1947—J&J Mobile Div g 5s 1946 J&J Oconee Div 1st 5s 1945-—-J&D Cent New Eng 1st gu 4sl961 J&J Macon & Nor g 5s 5H 16*6 2.00 ff wn A&O f 27 X . -—.M&N East Tenn Va & Georgia— 85 Payable in Canadian funds. 85 68" 43*6 46*6 41 46 *i m RAILROAD March, 1940] NOTICE—AH bond prices are Quotations for all securities are as near as Bid Bonds Illinois Central—(Concluded) Collateral trust 4s 1953 M&N Ref mtge 5s 1955 40-year 454s Aug 1 MAN 1966.F&A Carlo Bridge 4s g 1950* -J&D Lltch Dlv 1st g 3s 1951 J&J Louisv Dlv 344s g 1953—J&J Omaha Dlv 1st 3s g 1951--F& A St Louis Div g 3s 1951 J&J Gold 344s 1951 —J&J Sp'fieid Div ext 34%s 1951 J&J Western lines g 4s 4Hs ser jsser 1st & ref 5s 2003 ser B 9854 9944 4344 43 44 1st & ref 444s 2003 ser 90 1st & ref 4s ser 8544 56 7844 6944 §1* 86 51 60 76 55 .75 2.60 b 1.25 1.50 b 1.60 b 1.60 1) 2.00 b 4448 series C, 1963 J&D Indiana Bloomington & Western— 1st ext 4s 1940 A&O / Indiana Harbor Belt RR— Genl mtge 4s 1957 Gen mtge 4 44s 1957 Indiana Illinois & Iowa— J&J J&J 1st gold 4s 1950 Indianapolis & Louisville— J&J 1st guar 4s 1956 J&J Indiana polls Union— ^Ref & imp M344sserB'86 M&S Internat-Great North Ry— 1st M g 6s 1952 series A—J& J AdJ M 6s July 1952 ser A.April 1st M 5s 1956 series B J&J 2.10 - — - 2.00% 0.75% 1.00% 1.10% 1.10% 1.50% 1.60% 48 4844 40 44 45. 14 106 „ 12i% „ 1st M 5s 1956 ser C J&J / Equipment trusts— 444s ser, A 1940--rJA;D 4448 series B 1940-1942. A&O Internet Rys (Central America)— "i money 5s 1972 J&J 1st M 5s 1972 opt M&N 1st 1 & ref 644s 1947 F&A Debenture 4s 1961.. J&D Iowa Central 5s ctfs 1938- .J&D 1st & ref g 4s 1951 M&S Jacksonville Gainesville & Gulf Ry 1st 5s 1951 -A&O / Jackson Lansing & Saginaw Bee Michigan Central 10 1044 2.00 2.50 1344 144 1044 1044 1.00% 1.50% 85 87 '9144 93 9544 5044 644 144 9644 —, 144 344 Ref & ext 6s ser B 1967—-J&J 106 444is 1940 guar opt.M&N „ 5344 5544 10044 1st 4s 1990-.A&O Kan City Ft Scott & Memphis— Ref g 4s 1936 guar A&O 65 Certificates of deposit — Kan O Mem & Bir 4s 1934—M&S Income 5s Mar 1934 Sept 1 Kan City Sou 1st g 3s 1950--A&O ' 11950--J&J Eq tr 3s F Jan f 1941 1943 3s 19)4-1946 J&J Kansas City Terminal Ry— 1st g 4s 1960 opt 1930——J&J Ref & Impt 5s Apr -- Kansas Oklahoma & Gulf— 1st M 5s 1978 J&J Kentucky Cent 4s g 1987 J&J Kentucky & Indiana Term RR— fist gold 444s 1961J&J t444s stamped 1961 J&J ,444s plain 1961 J&J 1st mtge 444s 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 g ref 344s 1997 J&D Leamington & St Clair 4s '45 A&O 3444 8844 35 35 Lehigh Valley— 1st gold 4s 1948-....——.J&D Con M 6s ann irred-. J&D Con M 444* ann Irred J&D Gen cons gold 4s 2003 M&N 4s assented 2003 Gen con gold 444s 2003..M&N 4448 assented 2003 Gen con gold 5s 2003..—M&N 5s assented 2003 - Lehigh Valley Ry of New York-rlst 444s gold 1940.......J&J 444s assented 1940 Lehigh Valley Term 6s 1941 A&O Ka O Qopnti ted 1941 Lehigh & N Y 1st 4s 1945—M&B Lex & East'n 1st gu 5s 1965--A&O 2.10 6744 6844 1.00% 1.60% 10744 10744 9744 10644 9844 6644 6744 Little Rock & Hot Spr West Ry— 1st gold 4s 1939 guar J&J / Long Dock cons 354s 1950—A&O / Long Island— Unified g 4s, 1949 M&S Refunding mtge 4s 1949..M&S 4s stamped 1949-.-....M&S Equip tr 4448 1941-45 (yr)_F&A b Louisiana & Ark 5s A 1969 J&J Equip trust 344s to 1946..A&O b 1st mtge gold 5s 1946—..J&J Louisville & Jeffersonville Bridge Guaranteed gold 4s 1945--M&S 2.75 78 15 43 46 41 45 90 1977. 1st 4s 1957 J&J Middlesex Val 1st 5s 1942.-M&N Midi RR 4% franc bonds J&D / / f / / Minneapolis Northfleld & Southern Ry 1st 6s '41-.M&S 11 . 1544 65 43 33 \1V* 66 47 38 25 1344 1444 7 44 144 44 I 82 83 Mo-Illinois 75 Mo Kans & Okla 5s 1942 88 90 Missouri-Kansas-Texas 80 83J4 47" cons RRlst5s 1959. .J&J f 2.00 8944 1.25% 4344 4444 67 i* II* 1444 15 H 18* II* 15 16 1744 1744 20 1844 5044 45 - - 54 34 11644 60 101 107 10 6344 8944 8944 89 2.75 84 h 2.75 61 3.00 544 544 5 44 25 244 6044 144 6244 2.00% RR— 1344 1144 Prior lien 5s 1962 ser A J&J Prior lien 4s 1962 ser B J&J Prior lien 444s 1978 ser D.J&J AdJ M 5s Jan 1967 ser A-.A&O f b 1st gold 4s 1990 J&D Mo Pacific RR (new company)— 1st & ref 5s Jan 1965 A F&A / Certificates of deposit.. / 1st & ref 5s 1977 ser F...M&S / Certificates of deposit / 1st & ref 5s 1978 ser G...M&N / Certificates of deposit...... / 1st & ref 5s 1980ser H A&O/ Certificates of deposit.. / 1st & ref 5s 1981 ser I F&A Certificates of deposit.. / Conv g 544s 1949 ser A_._if&N / Secured 544s 1939-1956—-J&D f EquiptrustSs 1940(yr).. .M&So Eq tr 4 V4* *40-,44 F (vr) _.M&N b Equip tr 244s 1940-1949--F&A b Mo Pac (old)—Gen 4s 1975.M&S / 3d ext 4s July 1 1938 M&N/ Mobile & Birmingham— Prior lien 5s. 1945 5s small 1945 Gen M g 4s 1945. 4s small 1945 Mobile & Ohio— Gen gold 4s. 1938 ..M&S / Ref & impt 4Kb 1977——M&S / Secured 5s 1938 9044 9044 9044 2.00% 8444 2.00 ...M&S / Eqtr 4s 1940-1943 M&S b Eq 444s 1941-1942 (yr)-.J&J15 b Montgom Div g 5s 1947—F&A / 11144 14 2344 '244 X General 5s Jan 1 1938 New Lon Nor 1st 4s 1940 J&J New Orleans Great Northern— 10044 ..J&J J&J / 7854 Income deb 5s 2032 New Orl & Nor East 6s 1915 13 Extended at 5% 1940 M&N Ref & impt 444s 52 ser A..J&J New Orl Term 1st 4s 1953..J&J New Orleans Texas & Mexico— 99 Equip trust 444s. Newport & Cincinnati Bridge— 1st M g 4Hs 1945 guar J&J Newport & Richfor Is 5a 1941.. " 55 / / / / / * * * b 14 5944 694* 69j| 28 34 33 32 3444 3244 314* 3744 28" 3254 3444 2~60 2.00% jC 35 33 35 40 29 111 99 New York Central RR— Cons mtge 4s 1998 ser A F&A Ref & impt 444s 2013 A...A&O Ref & Impt 5s 2013 O A&O 10-year 354s sec s f 1946..A&O 3 44a conv secured 1952 M&N New York Central & Hud Riv W* 57 X Ref g 344s July 1 1997—J&J Deb 4s 1942 tax-exempt J&J L 8 coll tr g 3X8 1998— ..F&A M O coil tr g 344s 1998—F&A Spuyten Duyvil & Pt Morris 34*s 1959— J&D N Y Cent equip trusts— 444s 1940-1945 —M&N 2 Ks Mar 15 1940-1952 New York Chicago & St Louis— 1st 344s extend 1947 A&O Ref 544s 1974 ser A— A&O Ref 444s 1978 ser O M&S 10-yr 6s coll tr 4s 1946 F&A 3-yr 6s ext'd notes 1941 A&O Equipment trusts— 254s 1940-1947—.. M&S b 7544 9044 5944 5644 95 1.85 2.25 8244 6344 53 X 82 81X 2.50 3s 1940-1951 2.75 J&J b 3.00 4s 1940-1949 M&S b New York Connecting RR 1st M 444s 195)4 series A 10544 F&A 107 1st oruar 5s 1953 series B F&A New York & Erie RR— A 92 1st 4s ext g 1947 -M&N 2d ext 5s 1939 82 —M&S 3d mtge 444s 1938 75 M&S New York & Greenwood Lake— e 1st guar g 4s 1991 ..M&S Consol gold 344s 2002...M&S Monon Coal—See Chic Ind & Lou 2.50% 26 44 17 1644 144 144 1.50 2.50 2.50 244 73 92 3244 37 3.00 2.75 1844 51 44 106 - 17H i77* 1744 1744 17* 144 !24 .00% .75% 74A 63 95 33 39 2.25% 2.00% 2444 55 10644 120 b Basis, / 48 4244 39 35 44 f Price includes accrued interest, 1344 M&N 4344 4144 3644 95 36 1st & ref 4s ser A 1973—.M&N 55 1st & ref 444s 1973 ser B..M&N New York & Long Branch- 63 General 17 1644 17 1644 17 1644 17 1644 Gen 6s 1955 A&O 125 Montana Wyoming & Southern— 1st mtge gold 5s 1939 M&S / 41 Montauk Ext 1st 5s 1945....J&J 89 Montgomery & Erie 1st 5s 1956- Guar g 5s 1946 N Y & Har 1st g 3 54s 2000—M&N N Y & Hob Fy 5s May 1946- J&D New York Lack & Western— Mohawk & Malone— Monongahela Ry Co— 1st mtge 4s ser A I960*..M&N Monongahela Sou 5s 1955 A&O 108 1144 544 3.40 80 74 63 6144 J&J ..J&J —J&J J&J 12 t Secured interest at exchange rate of 4.8665. 85 75 73 26 10944 b M&S Eq tr 2 44s 1941-1952 F&A Missouri Kan & Texas Ry Co— 112 - 244 144 36 - 78 - IV* 78 78 60 4044 4044 4944 4944 3244 11244 57 424* 20 36 J&J J&J 50 Minn St P & Sault Ste Marie— Equip trust 2 44s 1940-1949F&A New Eng cons 4s 1945 gu Oonsol g 5s July 1 1945 New Haven & North amp to nRef cons 4s 1956 ..—J&D / N J June 1st 4s gu 1986 F&A N J & N Y 1st ext 5s 1950—M&S 45 32 Minneapolis & St Louis— 5s ctfe of deposit 1934 M&N / 1st refdg gold 4s 1949—.M&S / 1951 / M&N 1st M 44*s 1956 series D..F&A Certificates of deposit 844 ' % off—1951 receipt No 4 on Naugatuck 1st 4s 1954 6344 96 ^ Sept 1 1951—M&S ■ coupon Assent cash warrant and scrip 7544 58 9244 87 89 1951.... 65 Grand River Valley— ..M&S 1st 4s 1959. Jackson Lansi: nsing & Saginaw 1st X 4s(Apr 1914 coupon on) con 60 63 . 80 11* 1st Non-cum inc 5s '35 ser A A&O Certificates of deposit. 1st 5s 1954 series B A&O Certificates of deposit 1st M 54*s 1954 series A..A&0 Certificates of deposit 1st 5s 1956 series O F&A Certificates of deposit. Michigan Central— Ref & impt 4 44s 1979 ser C-J&J 1st gold 344s 1952 M&N 1st ext 4 Ms 1939. J&D Con ext 4 44s 1939 J&D Mil Sparta & NW 1st 4s 1947M&S Mil&State Line 1st 3 44s 1941 .J&J X 1977 National RR of Mexico— Prior lien 444s assent cash 50-year 1st 5s 1983 113 85 4s Sept 1914 coupon off—1977 4s Asst(cash warr & coup).1977 Morris & Essex 344s 2000 J&D Oonstr'n 5a 1955 ser A—.M&N Constr'n 444s 1955 ser B.M&N 2124 2.00% 2.00% 82 31 80" Louisiana & North West RR— 1st M gold 5s 1935 ..A&O / Louisville Henderson & St Louis— 65 2.75 gold 4s 1938 J&J / 5 1st cons gold 5s 1938-— J&J / 5 1st cons 5s 1938 gu int J&Ji/ 544 2d M gold 4s guar 1949-—J&Ji 23 1st ref 6s 1946 series A J&J / 144 1st ref 544s 1978 ser B J&J 5844 25-year 5 44s 1949 -M&S / 144 Minu Terminal 1st 3 44s *50--J&J 40 Minn Transfer Ry 344s 1956. J&O 103 Missouri Illinois Bridge and Belt RR cons 4s 1951 J&J 7244 1.50 Lincoln Park & Charlotte— 58 1939 J&J Lltchf & Madis 1st 5s 1959.M&N Little Miami guar 4s 1962—M&N 74* Certificates of deposit Lehigh Valley Harbor Term Ry— F&A 7844 — 68 43 1st mtge 5s 1954.. 7854 Ref & ext 58 Feb *62 ser A.Q-F / Certificates of deposit.. / 1st 7s ext at 6% 1932 J&D 76 110 Gen mtge 4s ser A 1965...A&o Equip tr 4 44s G 1940-45 M&N 6 75 92 1st g gu 5s Nov 1 1959—M&N Meridian Term 4s '55 guar.M&N 1st 344s on warr't & scrip ret No 4 on '26 91 Milwaukee & Northern— ,105 107 Kana & Mich 7944 73 AdJ M Apr 1 *53 ser A Sept AdJ 5s series 3 1953 Sept..... 104 1944—__J&p Kanawha Br & Ter 5s 1948.A&0 1st os June 1 scrip receipt No 5 J&J _ J4 Assent cash warrant and April 1914 Mexican International— 4s Sept 1914 coupon on X scrip receipt No 4 on 1957. Gtd gen s f 4s (Apr '14 coup on) April 1914 coupon off 1977 11144 7644 10644 H Assent cash warrant and , 81 J&J ext at 5% to 1940-- — —A&O Midland Valley 5s 1943..—A&0 Joplln Union Depot Co— 1st g 79 1st mtge & coll 4s ser A 45 J&D Conv gen 444s ser A 1960-J&D Secured 6s 1959 1st ser--J&J 6s 2nd series 1959J&J (Foreign series) 1960 10544 10644 10444 2 69IS July 1914 coupon on 1957... July 1914 coupon off 1957 Maine Central— Midland of New Jersey— Jacksonville Terminal— Jamestown Frank & Clearfield 1st g 4s 1959 guar.. J&D Joliet & Nor Ind—See Mich Cent 1st 5s 1947 Macon Terminal 5s 1965 104 Chattanooga & St 1st M 4s 1978 ser A ..F&A Eq tr 2 44s 1940-1952 M&S b National Rys of MexicoPrior lien 444s— Jan 1914 coupon on 1957.... 1.75% 10144 10444 Joliet & Northern Indiana— 244 1st & gen mtge 5s 1967 J&J Ref & ext 5s ser A 1967—J&J 2.25 10144 1st gtd 344s 1941--------J&J f Maryland & Pa 1st g 4s 51-M&S 1st cons A 6s 1963—--.—A&O M'shfield & S'east—See Wis Cent Memphis Union Station Co— 59 1044 105 82 E 2003--A&0 Manila RR Sou Lines— 1st 4s extend 1959—.... M&N Manitowoc Green Bay & Western 112 5544 1st &ref 394s ser Eqtr 244s 1940-54—_ Coll trust 344s 1950 J&J Coll trust 4s I960-_J &J Atl K& Cin Div 4s 1955—M&N Pad & Mem Div 1st 4s '46-F&A St Louis Dlv 2d 3s 1980-M&S Mob & Mont 444s 1945—M&B Southern Ry Joint Monon collateral 4s, 1952-——J&J L & N Term 1st g 4s '52 gu J&D Macon Dublin & Savannah— Equipment trust 5s... Equipment trust 544s. 98 107 T 101 4* -J&J A&O O—A&O D 2003—A&O 55 b 111 Cent RR Co & Chic St L & J N O RR Jt 5s, A, 1963—J&D Louisville & Nashville— Unified gold 4s 1940 4544 M, 1940-1941—M&N b {a ser N. 1940-1941—A&O is ser O, 1940-1942—J&J js ser P. 1944 A&O 4s ser Q, 1940-1944 F&A Nashville 52 Bid Bonds Ask 4444 5644 M&S L. 1940--—A&O Bid Bonds 60 Equipment trusts— 3s ser R, 1940-1952 and defaulted bond* possible for the closing day of the month preceding the date if issue Ask 65 1951—F&A 69 BONDS "and interest" except where marked "f" and Income gold 4s 1941.. 724* 1 76 General 1st 5s 1941 M&S NY & NE Bos Ter 4s 1939—A&O N Y New Haven & Hartford— 7544 • Deb Deb Deb Deb Deb Deb Deb Deb 6s Jan 15 *48 conv..J&J15 4s May 11957 —M&N 4s July 1 '55 non-conv J&J 4s 1956 non-conv M&N 4s 1947 non-conv...M&S 344s March 1947 * * • 16 M&S 344s 1954 non-conv—A&O 344" 1956 conv.... J&J 15-year secured 6s 1940 A&O 1st & ref 4)4s 1967 J&D Equip.trusts 3s 1940-1951 M&S 4 4*s 9-15-40 to 3-15-45M&S 15 444s 1940-1946— J&J 'f 5s.................... Har Riv & Pt Ches 4s '54 M&N N Y & N J Ferry 5a 1946 J&J New York Ontario & Western Ref 1st g 4s June 1992—M&S Gen M g 4s 1955 red..... J&D New York Pennsylvania & Ohio b Prior lien ext 4 4£s. f f f b 2.75 f 40 f f 1950. _M&S f 1st & ref g 5s '61 opt '15—F&A Certificates of deposit-.--.- j Norf & South 1st 5s 1941.M&N / n Nominal, r 2.50 2.75 2.25 61 2d mtge 4 4*81937 F&A Gen mtge. 5s g 1940.....F&A Term 1st g 5s 1943—M&N N Y Westchester & Boston Ry— 1st M g 444s 1946 guar...J&J Norfolk & Car 2nd 5e 1946—J&J Norfolk Southern— k Last sale, 15 2944 1844 b New York 8usq & Western— 1st refunding 5s 1937.....J&J 1st gen g 5s 1954 1544 1544 b New York Phila & NorfolkStock trust ctfiB 4s 1948 J&D N Y Prov & Bos 4s 1942—..A&O f N Y & Putnam 1st 4s g 1993.A&O N Y Short Line 4s 1957 F&A N Y & Stamford 4s 1958—M&N / opt—J&JI/ Norfolk Term 1st gu 4s *61 -M&N Norf Term & Transp 5s '48.F&AI 1944 444 1644 1644 544 254 8644 98 82 loo" 40 16 7 7 4844 544 99 1244 1244 60 24 10644 117 Payable in Canadian funds. RAILROAD 70 BONDS NOTICE—-All bond prices are "and Interest" except where marked **f" and Income and defaulted bonds Quotations for all securities are as near as possible for the closing da; of the month preceding the date of Issue Bid Bonds Norfork & Western By— 1st con 4s 1996 A&O Norrlst'n & Maine 1st 4s '62 M&S Nor Cent 6s 1974 ser A—-M&S Gen & ref g 4%s ser A'74_M&S Northern Ohio Ry 1st guar 6s— Bonds 122 Pitts & West Va Ry 4 %s '58A J&D 1st M 4%s 1959 ser B A&O ^ 121 113 107 M 49 '45- 40% 19451945- 40 % Oct 1938 and subs coupons Ctfs of deposit stamped— Apr '33 to Oct '34 cpns Apr *33 to Oct *38 cpns Northern Pacific— 1.00 3.75 3.00% 54% 47 M 47% 1.90 1.90 90 M 7% 7% 108 55 5% 5% 5% 5% 4M 4M M 4M 111% 117% 118% 119 105 M 106 Colony RR 4s 1938-—J&J 1st M 5%s 1944 F&A 1st M 5s 1945 series B J&D 1st M 4Mb 1950 series O—J&J Ore RR & Nav cons 4s 1946-J&D Ore Short Line 1st 5s 1946--J&J 1st cons guar 5s 1946 J&J 106 Prov Sec deb 4s 1957 gu Prov Ter 1st g 4s gu 1956 4 Reading Belt 1st 4s 1950 M&S Reading Company— Jer Cent 4s 1951 opt'06--A&O Gen&ref4%s 1997 ser A..J&J Gen & ref 4%s 1997 ser B.J&J Eq 4%s 1940-'45 (s-a)—_M&N Philadelphia & Reading RR— Imp M ext g 4s 1947 A&O Extended 4%s Oct 1 1943 Term 5s g gu May 1 '41 Q&F Rio Gr West 1st 4s 1939- 1st coll tr 4s 1949 opt 13 Paullsta Ry 1st 7s 70 '42serAM&S15 103 M 105% 102% Cons 1st extend 5s 1949 A&O 72" 104% St Jos & Grand Island 4s '47.»J&J A&O 52" 54 97 M 98 98% 4s series E J 109 114% 115" 114 117% 114% 118% 101 101% 107 95% 95% 86% 89% 83% 107% 100 104 1.00 1911-1949.—J&J b 2.25 2Mb series G 1940-1950.J&D b 2 Ms series H 1940-1952 M&N b 2Mb Oct 1 1940-1954.. A&O b 1.80 Peor & East cons 4s 1.80 2.00 1940--A&O 67 2d cons lnc 4s 1990 9 Apr 1 f Peoria & Pekln Union Ry— 1st g 5 Mb 1974 series A 107 F&A Peoria Ry Ter 4s 1937 gu op. J&J f 55 Pere Marquette Ry— 1st g 5s July 1956 ser A.-J&J 63 1st g 4s July 1956 ser B..J&J 52% 1st 4Mb 1980 ser O M&fl 57% Equiptr4%s 1910-1945.. M&N b Equip tr 2 Ms 1940-1947. .M&N b Equip trust 2 %s 1940-'16 -J&J b Perkiomen RR ext 2Mb 1951.J&J Phila & Bait Cent 4s 1951—M&N Phila Bait & Washington— , M&N 1st gold 4s 1943 Gen 4s April 1 1960—...A&O Gen 5s 1974 series B ..F&A Gen M 4Mb 1977 ser C- J&J Gen 414s series D 1981 J&D 2.00 2.00 2.00 83 100 2d gold 6s 1996 Certificates of deposit St L Peo & N W 5s 1948. J&J / St Louis-San Francisco Ry— Prior lien 4s 1950 series A. J&J Certificates of deposit Prior lien 5s 1950 series B.J& J Certificates of deposit... Cons in 4%s 1978 ser A—M&S Certificates of deposit stpd— •87 90 83% 0.50% 1.75% 1.50% 1.50% 1.60% 110 54.% 57% 1.50% 1.60% 1.60% 100% 114 115 108% 107% 109% 1990—J&J 83 1st consol g —J&D 4b 1968 Mortgage 4s Dec 1 1996—J&D St Paul East Gr Tr 4%s '47..J&J / St Paul & Kansas City Short Line 1st guar 4 %s 1941 F&A / Pacific ext 1st 4s £ 1940— -J&J St Paul Union J&J Seaboard Air Line Ry Oo— 1st gold 4s 1950 8% Stamped — -— A&O / A&O / 95% Pitts Bessemer & Lake Erie— Cons gold 5s 1947 J&J Pitts Cin Chic & St Louis— 117% 115% Con g gu 4%s ser A 1940.A&O 103%, 103% 5% secured notes 1931 Receiver ctfs 3-3 %s '45—F&A 4Mb series B 1942 107% 108% 108 Atlanta-Birmingham Div— 4Mb series C 1942 A&O M&N 4s series D 1945 M&N 109 3%s serieS E 1949 F&A .J&D 105% 109 115% 115% Gen M 5s 1975 ser B A&O Gen M 4%s 1977 ser C—J&J Pitts Shawmut & Northern— 103% 6% receivers' ctfs 1927 F&A / Pitts & Shawmut 5s 1959 J&D / Pitts Shenango & Lake Erie— 105 98 16 38 / / / / / F&A / 1st g 4s May 1 116% 116% 105% 105% 98% 20 1st gold 5s 1940 A&O 102% Cons 1st g 5s July 1 1943--J&J 113 Pitts Term RR & Coal 5s '42. J&J / 50 Pitts Va & Char gu 4s 1943.M&N 108 1933—..M&S / Shamokin Sun bury & 2d ext'd 5s 1945 f This price includes accrued interest. 9% 7% 8 83 58 112 60 94 60 79% 61% 61% 20% 62 12% 62 23% 12% v 12 12% 14% 14% 13% 11% 11% 14 11% 11% 2 75 2.00% 2.25% 2.25% 57% 28% 16% -J&J *55 gu—F&A Sioux City & Pac 3 %s 1936. -F&A / Somerset Ry 1st & ref 4s '55—J&J 1st M 4s July 2 1950.-----J&J South Bound RR 1st 5s 1941 A&O / Shrev Bdg & Ter 5s Railway— consol g 5s 1994 1st 90 4% 5% 5% 6% 97% 98% 115% 116% 56 J&D Stephenville Nor & Sou Texas— 1st M guar g 5s 1940 stmp__ J&J Sturgis Goshen & St Louis Ry— 102% 78% 110 1st 3s Dec 1 1989 Suffolk & Car con 5s 1952 Sullivan Co RR 6s 1944 11 10% 9% 1% 4% 4% 14 6 2% 4% 4% 6% 4% 6 5% 6% 64 65 12 15% 2% 2% 2% 3% 30 35 75 ,,.., 1st consol gold 5s 1944 F&A Gen ref s f g 4s '53 opt *10.J&J 114/8 107% Ref & impt M 3%s B *74-J&J Terre Haute & Peor 5s 1942.M&S Texarkana & Fort Smith— 1st M 5%s 1950 guar F&A Texas City Term 6s 1941-J&J '26 Texas & New Orl 5s 1943-J&J Texas & Pacific Ry— 1st gold 5s 2000 10 '0 , , 89% 92 00 ... 108 9< 08% 08% 08% 2d 5s Dec 1 2000 Ann Mar Gen&ref5s 1977 ser B_—A&O Gen & ref 5s 1979 ser O-A&O Gen & ref 5s 1980 ser D-..J&D Equipment trusts— M&S 4%sserHH 1940 4%s ser JJ 1940424 %s ser A1941-43 ser A&O F&A ,_M&N B1940-43 4 %sser C 1940 44. J&D b 1.00 0.50% b 1.80 b 1.80 b 1.80 b 2.00 1.25% 1.25% 1.25% 1.50% 2.25 1.75% b 2 %s ser D 1940-52 M&N Tex Pac-Mo Pac Term RR— 1st M g 5%s 1964 M&S Mary ii 97 106 J&D 91 84 J&J 92% ' 85% '60 J&D Div 1st 4s 1951 F&A — ' 87 - * 60 Toledo Peoria & Western RR— J&J 99 1st gold 4s April 1 1950—A&O Tol Term 1st 4%s *57 gu M&N Tol Walhoudlng Valley & Ohio— 66 1st mtge 4s ser B 1967' Toledo St Louis & Western— 100% aco 105 Gen 4%s 1946 —J&J Union Pacific— 1st ry & land gr 4s « 1947—J&J 1st & ref 4s June 2008 M&S 35-year 3%s debs 1971—M&N 34-year 3 %s debs 1970—A&O Eq tr 2%sserE 1940-'52..J&J Union RR (Penn) 1st 5s '46-M&S 114% 107% 115% 95% b 97 1.90 115 M&S 116 Union Terminal Oo (Dallas)1st mtge 3 %s 1967 -F&A 102 - United N J RR & Canal Co—• 1st 4%s Sept 1 1979——M&S General gold 4s 1944 M&S 1st 4s Sept 1 1948 —M&S „ 1st 4%s Feb 1 1973 Gen 1st g 3%s 1951 Vandalia RR 4s 1955 ser F&A M&S A—F&A M&N Series B 1957 Vera Cruz & Pacific RR— July 1914 coupon off—J&J'/. Cash war & scrip ret No. 5 on J 1940--A&O Vicksburg Bridge Oo— __ '40--M&N Gen 5s May 1 1941 M&N ref & impt 5s 1973— M&N 42 43% Va & Southwest 5s 2003 47 ...A&O Virginian Ry 3%s A 1966..M&S Eq tr 4%s 1940 (yr) J&J 119% 73 Payable in Canadian funds. g 110 113% 119 109 109% 109 5s 1958 % 86 „ 1st s f 4-6s 1968 M&S Vicksburg Shreveport & Pacific— cons 119 1934---—J&J Vermont Vail 1st 4 %s 1st 67 J&J 109% 105 M&S 1st g gu 4s 1942 ser O 100% 108% Toronto Hamilton & Buffalo— 1st gold 4s June 1 1946—J&D Consol M 4%s 1966 ser A.F&A Transylvania RR 1st 5s 1956. J&J Union Depot (Columbus, Ohio)— 44 18" 14 86 — 75" 16% 37 J&D J&J f A&O Tavares & Gulf RR— ,... 1 st extend 3s 1948 ...M&S / Tenn Ala & Georgia 4s 1957 Term RR Assn (St Louis)— 1 r 102 65 70 72 20% 21% * Pr lien 6s '15 ext 5% 94 12% 66 Susquehanna Bloomsburg & 102 Berwick RR 5s 1952.....A&O 5% Tampa & Gulf Coast g 5s'53.A&0 f Tampa & Northern RR— 5s (stamped 3s) 1936 J&J f 40 91 Tampa Union Sta 5s 1940. .M&N 30 Tampa Un Terra 4-6%s '53—J&J Deb 6s 1946 125" 1.50 2.00 2.00 51 J- 1st & ref 5s June 2 2008.-M&S 70 Nominal, 80% b Staten Isld Ry 4%s 1943 1st 4s 1956 +_ Toledo & Ohio Central— Ref & imp M 3 %s ser A 75 87% 57% 76 4%s series OO 1940-44—J&D Aiken Branch 4s 1998J&J 1st Mem Div g 5s 1996 J&J St Louis Div 1st g 4s 1951-J&J Spartanburg Union & Columbia— 1st 4s 1995 J&J Spok Internat 1st g 5s 1955-J&J f Stark Elec RR 1st 7s 1952 J&D f Toledo Canada Southern & Det— 1.75% 82' 60 60 4s series BB 1940-1943.M&S b b St gug 5s 1963 A&O Southern 111 & Mo Bridge Oo— n .00 35 J&J 58 9% cons k Last sale, b1 Develop & gen M g 4s *56- A&O Develop & gen 6s 1956 A&O Develop & gen 6 %s 1956--A&O Equipment trusts— 4%s series AA 1940-41-A&O South & North Alabama— Gen 2.00 1.90 1-.90 2.30 2.30 Stamped (Fed tax) 1955.J&J 33 17 9 2.40 1.00 b b & b b b Southern 4s Lewisb'g-—_ - b Basis, 30% 10% 8% 8% 8% 128 55% 111% 51% 44% 47% 46% 45% 45% 52% 1st 4%s (Ore Lines) 1977-M&S 40-year 4%s 1968. —M&S 50-year 4%s 1981 M&N 4%s 1969 with warr M&N 10-yr secured 3%s 1946—-J&J Equipment trusts— 4%s series H 1940 J&D 4%s series J 1940-1942—J&J 4Mb series L 1940-1944-J&D 4%s series M 1940-1945M&N 2%s Aug 1 1940-1954 2 Mb series N1940-1951 M&N Pacific Fruit Express— Eq 5s 1940-1941 D (yr).A&0 Southern Pacific (Golden Gate Ferries) 1st 5%s 1949 A&O 1st mtg g 4%s Seaboard-All Florida Ry— 6s ser A ctfs of deposit—.... / 6s ser B ctfs of deposit-—.—/ Seaboard & Roanoke 5s 1931-J&J / Seacoast RR prior lien 5s '48_ A&O 107 109 1 7% 7% 7% Salt Lake City Union Depot 94 and RR 1st 5s 1938. —M&N 17 Salt Lake & Ogden 5s 1934 / San Antonio & Aransas Pass—• 1st guar g 4s 1943 55% J&J San Fran & San Joaquin Val 1st g 5s Oct 1 1940 102% A&O San Fran Term 1st 4s 1950—A&O 77 Santa Fe Prescott & Phoenix 1st g 5s 1942 M&S 109% 70 Schuylkill & Leh 1st 4s '48.M&N Scioto Val & N E 1st 4s 1989M&N 121% 94% F&A 1 Depot— 1st & re.' 5s 1972 Co. M&N 39" St Paul & Dulutb— J&D 48 series H 1960 45" 105" , 93 4Mb series I 1963 F&A 4Mb series J 1964 ..M&N Gen M 5s 1970 ser A.. J&D loo" 9 3.00 Equipment trusts— 4%s series K 1940-1945-J&J b Piedmont & Northern— 48 series F 1953-.4s series G 1957 104" Southwestern— Adj mtge 5s Oct 1 1949—-F&A Ref gold 4s 1959 opt A&O Certificates of deposit 1st & cons 6s 1945 ser A--.M&S Certificates of deposit--.— 3%s 1966:. 102% St Paul Minn & Manitoba— 104 8 101% 102% 103% 4%s series DD 1940-45-A&O Gen & ref 5s ser A 64% 101 Phila & Reading RR—-See "Readi n g Philippine Ry 1st 4s 1937. J&J / Certificates of deposit / 1.50% 3.00 1st g 4s 1989 M&N 2d g lnc 4s Nov 1989 J&J 1st term & unif 5s 1952—J&J , 72 1.85 Equipment trusts— 4%s series BB 1941 F&A 4s series CO 19 40-1943-M&N St Louis 68 9% A&O St Louis City—See Pac of Mo St Louis Iron Mt & Sou— Riv & Gulf Divs 4s 1933-M&N 96% 96% 109% Phila & Chester Val 4s 1948. A&O Phila Newton &M Y3s 1942 A&O St Lawr & Adirond 5s 1996—J&J 57 62 A&O Johns & L Cham 5a 1944.M&S St 60 Penn Ohio & Detroit RR— 1st & ref 4%s 1977 ser A..A&O 1st & ref 4Mb series B 1981—— Pennsylvania RR— Con M 4s gold 1943...—M&N Con M 4s gold 1948 M&N 4s stamped 1948. M&N Con M 4Mb gold 1960—..F&A Gen g 4 Ms 1965 —-J&D Gen g 5s Dec 1 1968 J&D Gen M 4Mb 1981 ser D—A&O Gen M 4Mb ser E 1984..-J&J Deb 4Mb 1970 A&O Gen M 3%s ser O 1970—A&O Conv deb 3%s 1952 A&O 30-yr secured 4s 1941-1964. J&J Equipment trusts— 4Mb series D 1940-1941 M&N stamped 1941 St Clair Term RR 5s 1950—M&S 54" 60 , / / / J&J / 63 61 102 59 80 St Clair Mad & St Louis Beit— | Alton Bridge 1st g 4s '51—J&JI 58" Cons mtge 4%s 1939 A&O Cons 1st extend 4%s'49 A&O M&S / Ry— 1st M 4%s 1957 J&J Rutl Can 1st g gu 4s 1949. J&J 4s stamped 1949 J&J Rutland con 4 %s 1941.—-—J& 4%s 105% 107 100 43 A&O 1st guar 4%s 1934 Rock Island-Frisco Term 16 10% 100% —J&J Rock Island Ark & Louisiana— 10 80 9 100% 103% 107% 35% % % 28% 10% Bid Southern Pacific RR Co.— 1st ref g 4s 1955 opt 1910—J&J 70 75 Fredericksburg & Potomac— 72 104" "5% el* 83 99% 98% Cons mtge 4%s 1940 A&O Rich & Mecklenb'g 4s 1948.M&N Rich & Petersburg 4 %s 1940 A&O Richmond Term 1st 5s 1952.J&J Rio Gr June 1st gu 5s 1939—J&D Rio Gr So 1st g 4s 1940 —J&J 1st g 4s guar 1940 J&J 101% 80 rAH Delaware River Terminal— 1st 5s 1942.— M&N Rensselaer & Sara 6s 1941.-M&N 6% franc bonds (foreign series) red to 1956 _J&D Paterson Extension 5s 1950-J&D Cons mtge 4s 1939 Cons extend 4s 1949 75 —J&J/ 72 75% 70 100% 87% 101% 103 Rich-Washington 4s 1943—J&D 74% 41% 3.25% 3.00% _ M&N / M&S / Paris-Orleans RR— Pennsylvania Company— 28-year secured 4s 1963—-F&A Gu tr ctfs g 4s 1952——M&N Gu tr ctfs g 3 Ms 1941 F&A Gu tr ctfs g 3 Mb 1942 J&D Gu tr ctfs g 3%s 1944.—J&D Pa & N Y Canal con 5s 1939 A&O 98 86% 100% A&O Raleigh & Augusta Air Line— Rich South Indiana 1st g 4s 1951—F&A Southern Pacific Co— Coll tr 4s (CP) Aug 1 *49-J&D 104% Prov & Wore 1st 4s 1947 1931 Bonds 51 110% F&A J&D J&D 1947--J&J / Raleigh & S'port Ry 5s '65--J&D 26 4.00 106 1st 5s 29 4.25 1st gen 4s series A 1948—-J&D Ral & Gaston 1st 5s g 78 „ £ b 1st M 5s 1962 series B 1st gen 58 1974 series O 1st 4%s series D 1977 Guar 5s 1961 J&J Portland & Rumford Falls— 5s 1951 M&N Potomac Val lstgu5sg 1941 -J&J Ask 44 39% . Port Reading lstgu 5s 1941—J&J Portl (Me) Term gu 4s 1961-J&J 64% 40% 44% 54% 48% 48% 0.50% 64% 40 M 43 M Eqtr 4Mb 1940 (vr)—M&S15 Eq tr 4s 1940-1949-J&J Eq tr 2%s 1940-1947 M&S Eq tr 2Mb 1940-1946 J&J Nor RR of N J gen 4Mb 2000. J&J North Pennsylvania RR— Gen g3 3-lOs 1953—-—J&D N'western Term Go 5s 1948-F&A N'western Term RR 5s Apr 1977Norwich & Worcester 4 Mb '47M&8 Ogdensburg & lake Ghamplain-1st guar g 48 1948—-—-J&J Ohio Connecting 4s 1943—M&S Ohio & Little Kanawha 6s *60 M&S Oregon-Washington RR & Nav— 1st & ref g gu 4s *61 opt--J&J PacFruit Express—See Sou Pac— Pac of Mo 1st ex g 4s 1938—F&A 2d ext 5s gold 1938 J&J Cardelet Br 1st 4Mb 1938.A&O St Louis City real est 5s *38 J&J Paducah & 111 1st 4Mb 1955-J&J 45 50 Prior lien g 4s Jan 1997 Q& J Gen lien g 3s Jan 2047-—Q&F Ref & imp 4%s 2047 ser A.J&J Ref & imp 6s 2047 ser B—J&J Ref & Imp 5s 2047 ser O—J&J Ref & imp 6s 2047 ser D.-.J&J Old 1st M 4%s 1960 ser O A&O Eq tr 3%s Apr 1 1940-1946—Eq tr 2Mb 1940-1946 J&D Pitts Young & Ashtabula— 80 Apr 1 1935 & sub coups 1945— Bid Ask 69% 99% 99% 84 55 61% 106% 1.00 114% 108 116 97 97% 1.30% March, 1940] RAILROAD 71 BONDS bond price# 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 Bid Bonds and Stocks Wabash Railroad Co— 1st gold 6s 1939 2d gold 6s 1939. M&N F&A Deb mtge 6s series B 1939. J&J 1st lien term gold 4s 1954. J&J Det & Chic ext 1st g 5s '41. J&J Des M Div 1st g 4s 1939—J&J Toledo & Chic 4s g 1941—M&S Omaha Div. 1st 3lis g '41.A&0 Wabash Railway Co— Ref & gen 5ka 1975 A—-M&S Certificates of deposit-. Ref & gen 5s 1976 ser B—F&A Certificates of deposit Ref & gen 4 k* 1978 ser O.A&O Certificates of deposit. Ref & gen 5s 1980 ser D..A&0 Certificates of deposit.. Warren 1st ref K 3 J4s 2000--F&A Washington Central Ry— 1st 4s Mar 1 1948 Q-Mar Washington Co Ry 1st g guar 3ka Jan 1954 opt 1924.. J&J Washington & Franklin Ry— 1st extend 4ka 1954 J&J Wash Term Co—3ka 1945--F&A 1st gold 4s 1945 guar F&A Washington & Vandemere— 1st 4ka 1947 F&A Par Bid Ask Catawissa RR 1st pref (guar).-50 2d preferred (quar)- ————50 37 37 39 17 20 Ask Stocks 40 42 k 17 k 20 18 25 28 k Cayuga & Susq (gu D L & W)_30 Central of New Jersey 100 Chattahoochee & Gulf (guar)-100 46 Chesapeake mm 13 - 16 42 k -* Corp Chesapeake & Ohio common—25 9 9k 7k 7k 9 9k Preferred series A 100 Hill (guar) -50 Chicago Burl & Qulncy 100 Chicago & Eastern Illinois— 6% preferred —100 Chicago Great Western com—100 4% preferred 100 Chicago Ind'polis & Louisville 100 4% non-curn preferred 100 7k 8k 7k Chic Mllw St Paul & 10k 12 7k 8 9 9k 7k 8 Chestnut 70 50 45 k 100 108 47 k 109 Eq tr 4 Ms E 1940-1941—J&D Eq tr 2 Ms 1940-1946 J&D Eq tr 2s G 1940-1949West NY & Penna 4sl943.A&0 Western Pacific RR Corp— 1st M 5s 1946 series A .M&S < Assented 5s 1946-.— Equipment trust 5s Western Ry of Ala 4 Ms '58-.A&0 Wheeling & Lake Erie RR— 1st consol gold 4s 1949---M&S Eq tr 2Ms F Nov 15 '40-'49 Wheeling Term 4s 1940 F&A White & Black River Valley— 1st 5s 1980— J&J Wichita Falls & Southern— 1st 5s extended 1948 J&J Wichita Union Terminal Ry— lstggu4Ms 1941 opt--..M&N 1.75 1.75 2.00 108 k 83 k 89 k 1.00% 1.00% 1.50% 108 k 17 k 16 H 115k 1.65 3.00% 116k 1.00% 101 4 Wilm & Newborn 4s 1947 F&A Wilmington & Nor 4Ms '77.. J&D Wilmington Ry Bdge 5s '43.A&0 Winston-Salem Terminal 1st s J&J M&S 20 65 75" 92 97 96 109^ .... Wisconsin Central Ry— 1st gen g 4s 1949 J&J Certificates of deposit... A&O 1st & ref 4s 1959 Sup & Dul Div 4s 1936— _M&N Certificates of deposit Marshfield & S'eastern div 17k 17 k 13 k 19 6k 6k 6k 7 7k 12 4s M&N 1951 Worcester & Conn Eastern Ry— 1st gold 4 Ms 1943 J&J Tosemits Valis f g 5s 1936--J&J f 31 9k 17 k non-cum 4% 1st non-cum preferred.-100 4% 2d non-cum preferred—100 RAILROAD .... 20 Preferred 50 74 50 85 Alabama & Vicksburg (gu)—100 Albany & Susquehanna (gu)_-100 Albany & Vermont (guar)-.—100 Alleghany Corp common * 5M% pref (with $30 warr)_100 5M% pref (with $40 warr).100 5M% pref (without warr)__100 2M% prior conv pref ♦ Allegheny & West (6% guar)-100 Atchison & Eastern Bridge—100 Atchison Topeka & Santa Fe.100 5% non-cum 100 pref Atlanta Birm & Coast Pf (gu)_ 100 Atlan & Char Air L (guar) 100 76 88 71 127' 42" Vs 11k ks k 'o/c, VS k Vs 93 UK 10 Dayton & Mich com (guar) 50 Preferred (guar) 50 Delaware & Bound Br (guar). 100 Delaware & Hudson Co 100 Delaware Lack & Western— 50 Delaware 25 (guar Perm) 11 im 15 k 50 100 100 100 preferred Detroit Manufacturers (guar) 100 Dover & Rockaway (guar)—100 23 M 51M 52 68 70 136 126 63 IV 3M 4M 3% 66 78 ~4~" 4H 4k 32 lk 3M 78 2k 4M 37 39 87 90 137 6% non-cum preferred East Mahanoy (guar) East Pennsylvania (guar) Elmira & W'msport (guar) Preferred (guar) 100 Erie 50 50 50 50 1 2 4M 6 45 20 30"" k 36 63 66"" 46 49 67 70 1M lk 2k lk ik 6% preferred — -100 Hartford & Conn Western--. 100 Illinois Central 100 Non-cum 6% pref series A--10C Stk tr ctfs—See RR 100 43 46 69 72 5preferred Chicago(guar) 59 62 100 160"" 155 1 3 5 8 2 5 2M 5 57 50 3k 15M k Ilk 21k 40 M ~3k 17M 1M Ilk 22 k 60 35 7 19 19M 18 4% non-cum preferred. 100 Lackawanna RR of N J (gu)--100 18 % 30 Lake Superior & Ishpemlng Augusta & Savannah (guar)._100 Avon Gen & Mt Morris (gu)-100 Bait & Cumberland 7% gu 50 Baltimore & Ohio common 100 4% non-cum pref 100 Bangor & Aroostook com 50 5% conv preferred 100 Beech Creek (guar N Y O) 50 Belgian National Rys Co— American shares partic pref— 6% 11k 5M 6M Ilk 44 M 45 30M 32 Louisville Henderson & St IxjuIs 64 % 83 67 Louis & Mo Riv pref (guar)--lOO 30 35 85 Louisville & Nashville 55 56 k 17 Unstamped— 1st pref 5% class A 1st pref 8% class B 1st pref 7% class O 1st pref 10% class D 1st pref 4M% class E 6% non-pum preferred 7% prior preferred Stamped— -.100 100 2 2% 100 100 100 100 100 100 2 3M 3M 3M 3M 100 2 2 1 J< 8M 2 2% 2k 2H 2 2k 2k 4h 100 2 1st 100 100 100 100 100 2 1st 1st 1st pref pref pref pref pref 5% class A 8% class B 7 % class C 10% class D 4 M % class E 6% non-cum pref stamped. .100 Boston & Providence (guar)-.100 Boston RR Holding pref Camden & Burl Co (guar) Canada Southern (guar) 100 25 100 Canadian Pacific 25 Oaro Clinchfield & O (guar)--100 ♦No par value. ~2~~ 7M Common 1st * 2 2 5 __100 Lykens Valley RR & Coal (gu)_20 Pref Maine Central 5% preferred 6% prior preferred 16 51 7 21H 22k 100 55 60 100 61 66 Michigan Central (guar) 100 650 850 Mill Creek & Minehlll Nav (gu)25 Mine Hill & Schuyl 36 4% leased line ctfs Mississippi Central Mo-Kan-Texas RR 7% preferred series A Missouri Pacific * com com 100 100 37 4% non-cum pref (guar) 100 Mobile & Ohio—See Southern Ry Montgomery & Erie (guar) 10 Morris & Essex (guar) 50 5% conv preferred 100 38 20 30 51 9 30 22^ lVs 104 2k 33*Mi Common (guar) (guar) Preferred 45 19 65 5k 15 25 k 22 64 6% Ry non-cum preferred St Louis Southwestern Seaboard Air Line 4-2% non-cum Southern Ry 100 68 100 k 100 100 2k k 4 92 35 k k * common 100 100 preferred 60 28 12 k 16 k 28 k Mob & Ohio stk tr ctfs (gu)_100 39 Southwestern of Ga (guar)... 100 Stony Brook (guar) 100 Sussex (guar DL&W) 50 Syracuse Bing & N Y (gu)„.100 26 Tennessee Central Preferred ...100 Texas & Pacific Ry 100 Troy & Bennington (guar) 100 Troy & Gr'bush (gu N Y C)__ 60 Tunnel RR of St Louis (guar). 100 non-cum preferred (guar) 100 Valley RR (1STY) (guar) 100 Vermont & Mass (guar) ..100 Vicksb Shrevep & Pac (guar).100 5% non-cum pref (guar) 100 Virginian Ry— New common 25 6% 8 6k 80 10 k 75 45 136 93 100 100 United N J RR & Canal (gu).l00 Utlca Chen & Susq Val (gu).lOO Utica Clinton & Bingham (gu)100 5% 5% 67 120 ♦ preferred. 25 Ry 85^ 242 49 9 25 62 k 87 59^ 63 44 k 31 k 1 100 1st preferred 4% non-cum 6% non-cum 49 M 51k lk lk non-cum Maryland Ry preferred cum preferred 25 54 3k ..100 53 k 6 *.100 Ry 4% prior lien 5H% 55 100 com.. 2d pref. ..100 Western Pacific RR Corp— Wheeling & Lake Erie 5 28 k 13 36 preferred--.100' common non-cum New % 1 40 5% non-cum preferred 100 Saratoga & Schenectady (gu)-100 Schuylkill Valley Nav & RR(gu)50 Wabash 38 M 38 180 135 Vs 3 k 2 147 100 Western 27 k 150"" 173 H 57 k 12 k 100 2k 1 43 k 83 k 100 3M ik k 3M k 36 41 k 40 1 M 263 38 preferred A 100 non-cum conv pref B..10O Ware River (guar) 100 Warren N J (guar D L & W)__60 West Jersey & Seashore (gu)—50 100 100 15c" 85 Roch & Genesee Val RR (gu)-100 Preferred 8 Massawippi Valley (guar) Hav(gU)._50 Minneapolis St P & S S M— 20 Rome & Clinton (guar) 100 Rutland RR 7% pref. 100 Rutland & Whitehall (guar).. 100 St Joseph South Bend & Sou— 4% 36k 80 480 -.100 — Union Pacific common 102 35 50 Mobile & Birmingham— 5M 3k 90 50 100 RR (guar N Y Central) 2 ... 100 60 100 80 100 97 k 30 Wilton (guar Boston & Me)..100 87 J Quotations represent dollars Ex-dividend 100 48 19 35M 5% 85 M 3M 22 1 27 M 175 42 M 190 ' 17 25 41M 50 Mahoning Coal 17 k 17 Preferred (guar) 100 Little Miami crlglnal guar 50 «per gti^r betterment stk. 50 Lit Schuvl Nav RR & Coaligu) 50 100 rlH 79* 10 14% 111 Cent stk ctf 1952—1000 Reading Co 50 4% non-cum 1st pref 50 4% non-cum 2d pref 50 Rensselaer & Saratoga Cguar)_l00 5% 21 (guar) 89 k 24 Shamokin Vail & Pottsv (gu)—50 Sharon (guar Erie) ..50 Southern Pacific Co 100 55 M 53 6k Preferred 155 75 100 St Louis-Sau Francisco 28 Lexington Union Station— Prov & Worcester (guar).. Railroad Securities Co— 13 k 95 50 110k 100 7% pref (guar Pa RR ) 100 Pittsburgh & Lake Erie 50 Pittsburgh & West Virginia...100 Pitts Youngs town & Ashtabula— Preferred (guar) 100 Pittsfield & No Adams (guar) .100 Portland & Ogdensburg (guar) 100 23 k 100 100 214 k 100 100 13 Ki.) Allegan A* Gr Rap (gu)_.100 K O St L & Chic—Pref (gu)_.100 ----- Marquette Ry com 5% preferred 5% prior preferred Peterborough (guar) 22 k 50 98 Lehigh Valley.--. Pere St Louis Bridge 1st pref (gu) 2d preferred (guar) -.160 -100 Stamped Pennroad Corp com 1 Peoria & Bureau Val (guar)—100 Peoria & Eastern 100 7% guaranteed 55 4M com non-cum Rich Fred & Potomac— 89 Securs Co Internat Rys (Cent Am) 100 100 pref 100 No Carolina (guar Sou RR)„100 North Pennsylvania (guar)z 60 Northern Cent (guar Pa RR). 50 Northern Pacific Ry 100 Northern RR of N H (guar)--100 Northern RR of N J (guar) 100 Norwich & Worcester pf (gu)-100 Ogden Mine RR (gu On N J)_100 Old Colony (gu NxNH&H) 100 Certificates of deposit 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 Pennsylvania IiR 50 Adjust 4% 41 2M Greene (guar D L & W) Gulf Mobile & Northern com.100 Norfolk Southern lk 38 100 * * 10C 100 100 __100 Piedmont & Northern ....* Fgh Bess & Lake Erie (guar) 50 Preferred (guar) 50 Pitts Cin Chic & St Louis (gu).100 Pitts Ft W & Chic com (gu) 100 1st preferred-.100 2d preferred--100 Erie & Kalamazoo (guar) 50 Erie & Pitts (guar Pa RR)— 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).lOO Georgia Sou & Fla common 100 1st preferred 100 2d preferred 100 - preferred 47 non-cum Preferred (capital stock Green Bay & Western conv Ontario & Western 46 non-cum common 7% N Y 19 4k 19 Boston & Alb (guar N Y O) Boston & Maine common 113 110 54 115 4% Preferred 50 100 Atlanta & West Point 100 Atlantic Coast L Co of Conn._50 Atlantic Coast L RR com 100 5M 31 k 100 Phila Germ & Norris (guar).. 50 Phila, & Trenton (gu Pa RR).100 4% Kansas City Southern new 68 6% preferred series A com (gu) N Y & Harlem 19k 5k 19 Duluth South Shore & Atl— Joliet & 23 38 M pref-100 Leased lines (guar) 10 lk - 74 non-cum 20 100 Norfolk & Western Ry Vs (gu)-100 & Passumpsic pref Consol Rys of Cuba 6% pref. 100 Cuba RR 6% non-cum pref—100 Great Northern Ry— Iron Ore Prop trust ctfs STOCKS com k % k 101 Goshen & Deckertown (guar)-. 10 A1 Great Southern k i Columbus & Xenla (guar) 50 Concord & Portsmouth (gu)-.100 5% 12 k 111 (guar) 100 pref (gu) — ..100 Cleve & Pitts (gu Pa BR) 7%-50 Special guar 4% -50 Colorado & Southern 100 5% Detroit & Mackinac Ry 12 k Co— f guar 3 Ms 1970 — lk k ik k Bloomfield N Y Chic & St Louis com — 37 Southwestern (guaO- 104 k Winston-Salem Southbound— 1st gold guar 4s 1960 - 105 pref Denv & Rio Gr West 6% Detroit Hillsdale and 25 Wilkes-Barre & Eastern— 1st guar g 5s 1942 -J&D Willamette val Southern Ry— 6s 1939 F&A ik — 100 IP Conn . 3.60 95 5c Clearfield & Mahoning (gu)—50 Cleve Cine Chicago & St Louis— Common 893-'8 New Orleans Great Northern_100 New York Central RR * 2 86 83 K 42 lk 119 West Fruit Exp—See Gr Nor Western Maryland 4s 1952.A&0 1st & ref 5Ms 1977 ser A..J&J 77 38 84 Cin Union Term 5% 18 (guar) 50 (gu)_-100 Newark & 117 59 44 New London Northern 20 100 Preferred 49 k 46 25 k 100 (guar) 56 25 100 95 100 100 Common 57 Unstamped (guar L & N) Nashv Chatt & St Louis 58 Oin New Orl & Texas Pacific— A&O 1st g s f 4s 1990 39 k Nashville & Decatur— Original (guar L & N) 32 75 Pacific— 7% preferred 6% preferred Cincinnati Inter-Terminal— 49 k West Shore 1st 4s 2361 J&J West Virginia & Pittsburgh— ~4Vs 93 5% non-cum preferred 100 Chicago & North Western 100 7% non-cum preferred -100 Chic R I & Pacific common—100 Preferred 109k 35 55 Common 36 k 5k 20 4M 39M Bid Stocks 39 4M Par Morris & Essex Exten (guar). 100 Mt Carbon & Pt Carbon (gu) 50 Nashua & Lowell (guar) 100 per $100 face amount, ft Basis. /This price includes accrued interest. * Last sale, n Nominal bond prices are "and interest" except where NOTICE—All Quotations for all securities are as near as possible for tb Stocks and Bonds Par Ask Bid Per Adams Express com —■ Coll trust 4s 1948-——M&S 754 AA Ooll trust 4s 1947 J&D 4*$s stamped 1946 F&A 107*$ 108*$ 12.03 8.01 12.30 3.39 100 3.71 100*$ 101 102 * Aeronautical Securities ---Affiliated Fund com—...— l«2o Sec conv Sec conv deb 4s 1949 J&J deb 4*$s 1949—J&J Air Investors Convertible Warrants * Aldred Invest Trust com—♦ $3 convertible preferred-* Holding Corp—-—-- Continental— 5s 1953 F&A At * 45 43 40 36 Deb g 15 101 101*$ 4 1 Shares Amer Business Amer A —- 10c Class B S3 preferred * $5.50 prior pref ... -* Amer Cities Fr & Lt cl A-——25 Class A opt div ser w W—25 Amer Elec Sec partic pref *$ 18*$ At 20*4 76 33*4 34*4 32 34 1 29*$ 32*$ $2*$ preferred 1 35 $3 preferred --1 .33 Amer General Equities Ins—25c 5*$ Amer International Corp --* 103 Conv 5*$s 1949 J&J 3*4 Amer Insuranstocks Corp——* 41 American Investment (111)——-* 27*$ $2 preference25c 51*4 5% conv preferred -50 15c Associated Gen Util com v t c_ * lnc deb 5s w w 1956 M&N /< Income deb 4s 1961 M&N f 45$ Associated Stand. Oil Shs 2 42*4 Associates Investment Go —* 99*$ 6% preferred ---100 12 Atlantic Secur 4**s A 1953-A&O / 854 Atlas Corporation common 5 49*4 6% preferred 50 1 At Option warrantsBankers National Investing— 75$ ♦Class A ——1 354 5% preferred 4 Bankers Securities Corp com—50 12*$ 6% preferred —50 3.80 Basic Industry Shares———10 Beneficial Industrial Loan * 21*$ 55*$ $2.50 prior preferred * 9*$ Beneficial Loan Society com -* 107 6% profit share deb 1956--Q-J ♦Bfair & Co 1 15$ Blue Ridge Corp common 1*$ 1 41*4 $3 conv preferred 100 — 42 15.33 35c 28 28 55$ 44 100 • — — — 8*$ 49 54 *$ 85$ 4*$ 5 14*$ ' - . 22 .26 25.85 Bullock Fund Ltd 1 13*4 * 25 78 ■- - — — 145$ 1/ zz 78 n*$ 13 93 96 3.35 3.95 64 66 Canadian lnternat Lnv Trust— —* ♦Central Nat Corp class A * ♦Class B Central States Electric Corp. -100 100 100 100 7% preferred Conv preferred Conv pref series of 1929 6% cum preferred Century Shares-Trust Chartered Investors common - Chicago Corporation Convertible preferred Christiana Securities Preferred 46 50 78 80 2*$ 96 *4 6*$ 92 26 30 2 3 *$ 554 At 65$ 254 2*$ 25$ 154 154 2 25.58 27.50 5*4 6*4 1 10.70 com — * 15$ 36*4 1*$ 36*$ 100 3.090 3.110 141 -_100 City Investing Co Preferred 7s series D 1956 6s series A A 1953 T_ 1948 6s series AC 1952 Commercial Credit common 6s series AB 4*4 % conv preferred 139 100 45 100 107 Cleve Securities 4-6s to 1943-J&J Collateral Bankers lnc— 7s series A & B 1950-7s series C 1959 Q-F Q-M Q-J Q-F Q-M Q-J 10 100 50 104 98 100 98 100 98 100 465$ 107*$ _ 100 1935—M&8 f 9 104 46*$ 109*$ 54 1125$ 1*$ 3.83 75c 17 29*$ 31 31 95$ 80 82 25*$ $6 preferred General Investors Trust General Public Service Corp conv pref 16 5$ 17*$ 5% preferred ser A w w Nat Bond & Share Corp 6.72 7.45 Nat 2.50 2.75 Nat 3.31 3.66 18.63 104 30.21 32.48 Chemical 97*$ 2% "2*$ Insurance 54 42*$ 5 22*$ 12*$ 17*$ 1 1 6*$ 1.24 1.37 .1 13.33 - - .. .... ... A&O Automobile Shares 5.29 5.76 4.58 4.99 6.69 5 common preferred .100 - 6% preferred-5*$% preferred 100 100 - 4.51 4.92 3.19 3.48 — ---* ---* $6 1st preferred— $3 2nd preferred.—-Debenture 5s series A 1948 Heller (W E) common Preferred w w 2 25 25 1946—A&O Household Finance com —* Preferred 4s x-w_ „ with warrants 5% preferred 100 ♦Huron Holding Corp..—-—-.1 Hydro Elec Sec com * Illuminating & Power Securities— 1st preferred ...100 Investors—.....5 5.40 5.58 6.45 Oklahoma Southern Trust 4.63 Old Colony Invest Trust 3.79 4.14 5.18 5.64 5.30 5.77 Debenture 4*$s Feb 1 1947 Debenture 4J$s Dec 15 1952 Old Colony Trust Assoc At 1*$ *4 2*$ 97 15.75 *$ 10*4 1.08 1.20 1.32 1.45 1 6*$ 54 4 *4 — 8*4 1 —- 6*$ 1*$ 6 "9*4 14 16 31 33 Com..* Class B 100 99*4 60 61 18 19*4 23 26 11*$ 10*4 A&O 1 10 (Calif) J&J * * Amer 5 * $3 conv pref class A ._10 Plymouth Fund lnc 10c Provident Loan Society 6% ctfs-. $6 preferred * _ ♦ 1948.A&0 Putnam (Geo) Fund Quarterly Income Shares 10c 5% deb series A 1942 M&N Railroad Employees' Corp— ♦ common Prcfcrrod Railway & Light Securities com Conv coll 4 *4s ser "11" *55 A&O. Railway & Util Invest A 1054 195$ 2* 7*4 3*4 3*$ 100 3 8 8*$ 4*4 354 18*4 19*4 35$ 7o ~4*$ 4 12*$ 95*$ 12* 96 31 32*$ 6*$ 554 ♦ Prudentia' Tnvestora 12 101 54 * - Petroleum Corp of Phoenix Sec Corp. Class A 98 26 99 .* _ 7*$ 10*$ 38*4 .39 115 6*$ 100 *$ 754 105$ 40 .44 117 6J$ 106 100 13.86 6.70 101 14.52 7.45 102 8*$ 10*$ 9 9*4 11*4 10 104*$ —1 * 3*$% preferred-.. Reliance lnternat Corp com A 10c Representative Trust Shares—10 Republic Investors Fund new Reynolds Invest 5s 1948 A&O Common stock —1 $6 preferred —* Rossia International Corp Seaboard Commercial 10 50 5% preferred 10.20 4.43 65 At 22 'At Royalties Management A_. —1 ♦Schoellkopf Hutton and Pomeroy lnc common 10c Scudder, Stevens & Clark Fund- 99*$ ' -10 Pacific Investing Deb 5s 1948 Pacific Southern Invest pref Class A *4 * * 4*$s coll tr AAA 1940-43—A&O 5s coll tr BBB 1944-51 A&O 4s coll tr OCC 1939-42---M&N Invest Bond & Share 5s A*47. J&D Investment Co of Amer.......10 80c 1 lnternat Securities 7% pref 1 International Utilities class A—* -_5 Pub Util Investing 5s "2 65c 1 Pacific Eastern Corp Pacific Finance Corp 16.94 1 (McL ctfs lnc—1 Class B 100 *$6 9*$ International Holdings & lnv—• $1.75 preferred $3.50 prior preferred Interstate Bond Co— .34 2.25 Insurance Group Shares...-. Insull Utility Invest— Deb g 6s 1940 B with war.. J&J Insuranshares Co of Delaware--1 New common 68 110 -.1 com—- Overseas Securities Co Deb 5s April 1 1948 103 3 2 Institutional Securities Ltd— Bank Group shares Insuranshares * o 36*4 .10*$ 27*$ 27*$ ~4~~ 96 24*4 19 Common 5.93 4.24 105 .14 1 100 Preferred * Oils & Industries Preferred Oilstocks Ltd H 35*$ 9*4 26*$ 26*$ 102*$ 67*$ * 111 Finance Corp 9.33 Tobacco Shares 554 99 2.87 8.58 Guardian Investors com—..—1 5*$ 95*$ 45*$ 3*4 2.61 Northwest Bancorporation ♦ Ohio Finance Co. 4*4s 1949-F&A Shares 7.23 102 54 2.81 - 1958 Northern Equip Shares 101 8.41 2.33 - 7.41 Steel Shares 8.47 6.80 .. stocks 6.28 Railroad 8.19 11.04 7.83 7.77 9.34 Petroleum 7.57 10.22 6.27 5.77 — 6.63 10.02 3.42 6.81 Investing Shares Merchandising Shares Mining Shares 9.66 6.12 3.15 8.59 Electric Equipment Shares— Food Shams 8.93 Railroad.. Railroad equipment Chemical ... 5.69 12.11 7.77 Building Shares Shares 8.12 5.24 11.21 9.27 North American Trust Shares— 1953 72 70 r 3.79 12.37 7.18 Class A 2 1*4 5 Great Britain & Canada Invest¬ 1*$ 7*$ Oils Class B 46~" 6.52 25c North Amer Invest Corp com. 100 Collateral 4s 1951 J&D 15 13 58*$ 44 61 6.12 * North American Bond Trust Gt&_ Pref allot ctf 25% 1st pref--* Gleneagles Invest 5s June 15 1944 J&J 18 54 97 Niagara Share Corp (Md)—Conv deb 5V$s 1950 M&N 71* 95*$ 24 54 11.48 59 18 100 * 2 55c 8 12*$ 18*4 99*$ 19*$ * * 3*$ 29*$ Metals Steel 102 17* rlH 10.50 Electrical equipment 5.83 1*$ 7*$ 94*$ 24*4 10 - Machinery 58* 101 M&S Y)_10 254 35 54 41 45c 7.50 103*$ 104*4 39 10 com New England Fund New York Stocks, Inc.— Aviation Bank stocks Building supplies. 4.89 27 1 (Colo) ser B shares. (Md) voting tr shares 4.55 Agricultural Automobile 102 * Republic Invest Trust— conv pref stamped 5.82 6*$ 2*$ 35*4 3*$ Indus Loan 7s 1957-_Q-Jan National Investors Corp 1 4.56 Globe Indus Loan 6s 1955 ment Corp 4*$s 1959 Group Securities, Inc.— Agricultural Shares Invest "6*$ 5.10 1 1 Nat Trust. Shares fie modified Nation Wide Securities— German Credit & Investment— Gotham Credit class B National Bond & 42 * ww— 1956 19.58 17.14 20.49 pref 18.19 4.05 5 1 4.30 22.03 25c Mutual System lnc 8 % National Aviation com 7.34 3.80 Monroe Loan Society class A 27*$ 27*$ 22*$ 10c M&N Preferred Sec 6s x-w 1947 Morris Plan Indus Bank (N Mutual Investment Fund 22*$ 4*$ 50 common 15.79 10.26 15.06 40 6.65 1953 Morris Plan 35c 29.01 23.43 5 5 % conv partic preferred Merchants & Mfrs Sec A com Partic preferred Midland Invest Corp (Mo)— 26*$ 26*$ 54" Independence Fund of NA—-.5 102 102 6*$ 28*$ 9.74 1 * 1 * —* J&J Industrial Finance vtc ..* 53 54 112 $4.25 conv preferred * Commonwealths Distrib'n Inc_-1 15$ Commonwealth In vestment...-1 3.52 55c Commonwealth Secure common-1 Preferred ——1 15*$ 28 54 Consolidated Invest Trust com.l 25 Consumers Credit Serv 6s 1962. Continental Securities Corp—■ 30 Debenture 5s May 1 1942..— f 4c Continental Shares common— ♦6% preferred Corp Independence Trust Shares 104 25 28.74 1 Investment 10 Maryland Fund lnc 3s 25^ _ Incorporated 102 Commercial Invest Trust Corp Secure 5% ctfs 11.58 12.32 26.73 Investors—* Common 3*$ 96*4 5$ 75$ 89 19.12 20 * 1952 F&A Corp.. * Gen Finance conv deb 5s '51 J&D 40 80 Chemical Fund American Series S-3-. Series S-4 Larkins Warr Trust 102 6*4 $6 preferred Deb 5s Feb 1 General Capital 5*$ ___♦ 1 ""^Preferred-- 11.48 Aviation Shares 5*4 3954 16 35 .... Massachusetts Investors Trust Mass Utilities Associates vtc Fund, Inc.— General 1 15*$ 20 100 Foundation Trust Shares ser A_.l Fundamental Investors lnc 2 Fundamental Trust Shares lnc— Class A ; 2 Class B * 42*$ 16.48 .11 '57--A&O Fiscal *4 18' 17.81 * $6 preferred-.Conv deb 5s 1953 23 preferred % Gen'l Realty & Utilities com 1 25$ i preferred * 1*4! Gen Shareholdings Corp com—1 23.91 conv Fund A-l 10 1 $1.50 96 Manhattan Bond Fund lnc Marine Midland Corp. 109 6 Cent Invest Corp 5-6s 52 Economic lnv Tr Ltd 5sA'57M&N 56 5 Capital Administration cl A 1 $3 cum pref series A —10 Carey Trust of NY Original 100 Carriers & General Corp _.l Deb 5s with warr 1950.-M&N Cent-Illinois Securities Corp.—1 29*$ General British Type Investors A Broad St. Invest Co lnc Canadian Pow & Pap Invest Ltd— Deb 5s series A 1958 F&A 28 54 48 Lawyers Mtge lnv (Boston)— 1st 5 *$s series B 1945 M&S Lehman Corporation 1 Foreign Power Secur Corp— 1st coll tr conv 6s A 1949- -J&D Brooklyn National Corp Ltd—1 1.29 10c Insurance stock series 10c Fixed Trust Shares series A—.10 ' A&O 1.18 Bank stock series 52 _ — 5s series A 1959 Canadian Invest. Fund. 25c - 354 4.37 70c 6.65 ........ - 10.72 5.90 Empire Capital Corp A 5 Empire Power Corp partic stk-* $6 preferred * Equitable Invest Tr (Mass).—5 8.25 Equity Corp common _-10c 3*$ $3 conv preferred.. __1 29*$ Family Loan Society common. _* 34 $1.50 preferred series A * 38 $1.50 preferred series B * .38 Fidelity Fund, lnc * 5*$ ♦First Boston Corp 10 104*4 First Mutual Trust Fund « 9.69 3.S8 Series K-2 SeriesS-2 3.65 / 4154 18.10 7.02 1 * 3 13.73 6.36 14.38 9.76 13.68 2.50 Ea» Util Invest Ueb5s 1954 M&S 15 Eaton & Howard Management 25 40 21.41 D shares 16 % 22 4 Series B-3 Series B-4 Series K-l 17.63 O shares 94 11.17 26.53 2.94 Dominion-Scottish Invests Ltd— 1st coll 4s series A 1952 J&J 10.46 Series B-l Series B-2 2.55 Domestic Finance pref * Domestic & Foreign In6*$s47F&A Ask share Keystone Custodian Fund— 1 Dividend Shares Bid Superpower Corp A com.* Deb 6s 1963 (ex-warrants__J&J 1 6 5 Italian 1.54 Series F 15$ 3*$ 2 354 Burco, lnc common $3 conv preferred 1 ♦ 7.50 - Deposited Bank Shs N Y ser A Deposited Insur Shs ser A Investors Fund of Amer Series 01 Royalty.— 1 Preferred 25 Investors Trust common 25 Preferred 25 4.90 16.31 $7 preferred series A $6 preferred series B 103 Boston Fund lnc * Par Per 112 100 254 10c _ •7% cum preferred Cumulative Trust Shares... Delaware Fund * M&N |2 preferred 10 Eastern States Corp com 1*$ 12*$ 100 3.46 103 American General Corp 36*4 preferred 3.14 American European Secur Coll tr s f 5s 1958 ser A—-J&J 5s series B 1958 Amer Foreign Investing 117*$ 34 X ♦8% 6.70 74 1 1 Class B 14 3154 2.83 (modified). 6.55 2 10c Capital Corp A 29 54 AGO ♦Crura & Diversified Trustee Shares— 1*$ M 654 16*$ 1*$ *$ Amer British & Amer Business Credit Credit Service deb 6s w w '48-Q-F Forster lnc com.--._10 __ Verier. B Allied Int Investing Corp ♦Amerex 2.81 ... Bonds Investors 2.82 1 -1 2*4 5$ 2.37 ana share 2.43 2.37 1 Accumulative series A A (modified) ♦Crum & Forster Insureh B 26 54 26 ----- (Mass)— Deb 4*$s with com shs 1967-— Aldred Investment Corp (Can)— Deb 4*$s with com shs 1968--Alliance Investment com * 9.80 2*$ * lnc preferred Corporate Trust shares old ser—1 104 Stocks Ask Bid Par Per 9954 Administered Fund '2d lnc ^ Stocks and Bonds share 75$ _ „ and income and defaulted bonds marked "fv closing day of the month preceding the date of Issue 20c *4 84.32 14*4 37*$ 10.70 4.97 68 26* 40* 1 86.02 17 40 Continued on page 84 ♦ x Quotations not furnished by sponsor or issuer. Ex-dividend. ♦ No par value. e Ex-coupons. / Flat price k Last sale. n Nominal. r Canadian price. Utilities Public (Includes street and electric railways, gas, electric power, water, telegraph, telephone and bridge companies.) NOTICE—All bond prices are "and Interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bonds Bid Adriatic Electric Oo (Italy) Extls f 7s 1952 A&O Ala Qas Oo 1st M 4Ms 1951-F&A Alabama 66 70 M&S 108 M 105 M J&J M&N J&D 1st & ref 5s 1968 M&S Alabama Water Service Co— 1st M 5s 1957 ser A J&J Albany Ry 1st cons Genera] 5s 1947 All America Sara m oo 105M 102 M 102 102 M 52 5s 1930--J&J } 105M 47 44 J&D / 48 Corp— Inc debs 4s wi 1969 70 Alliance Power 1st 6s 1952- .M&S / 105 Alliance Pub Ser(Ohio)5s '57 M&S 86 Altoona & Logau Val Elec Ry— 71 1st coll 4s Jan 1 1954 J&J Amer Commonwealths Power— Deb g 6s 1952 ser A —F&A / Deb g 5 Ms 1953 M&N / 87 Conv deb 6s 1940 f debs 1950.^ J&J J&J J&J 3Ms s f debs 1970 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 % H Vs 62 M 4M 105 M 105M 106M 62 M 6 107 57 58 56 58 1st mtge s f 6Ms 1956 101M 85 99 M 108% 108 M 108M 88 108M 100 Ana&Pot R RR-See WashRy&El 88 M 42 50 53 109 109 H 107M 126M 107 M 127M Income 6s 1960 A&O 85 M 88 Arizona Power 5a 1950 F&A lst&ref 4 Ms 1950 F&A Arkansas & Missouri Power Corp 5s series A 1957 J&J Arkansas P & L 1st 5s 1956-A&O Arkansas Western Gas Co— 105 105 101 1981 100 102M 105 M 50 M J&J 56 M Associated Gas & Elec Co— Conv deb 5 Ms 1977 F&A Conv deb 5s 1965Conv deb 5s 1950 Conv deb 4 Ms 1949 Conv deb 4 Ms 1948 Cons ref deb 5s 1968 Cons ref deb 4 Ms 1958 15M M&N 'f F&A / J&J t 13 14M 14M 14M M&S / A&O tt* M&N 8 fine deb 5s B 1983 M&S 10 8 fine deb 4 Ms C 1983—-M&S 8 f inc deb 4s D 1983 M&S 10 11 Sfincdeb4M-5Ms A 1986 F&A 10 8 fine deb 5-6s B 1986--.M&S Conv A 5s 2002 Q-F 10 2 - Conv A 6s 2002 Conv A 7s 2002 Q-M 2 Scrip 4s 1941 Scrip 4s 1942 Associated Gas & Elec Corp— 8s ex-warrants 1940 M&S Conv deb 5Ms 1973. F&A 3 Conv deb 5s $3 1973 Conv deb 4Mb 1973 Conv deb 4s 1973 2 3 67 29 J&D 29 J&D 29 M&S 29 30 F&A 14 A&O 14 M M&N 14M 14M Income deb 3 Ms 1978 M&S 14 14 M M Assoc General Utilities— 15M 15 Investing Companies. Associated Pub Utilities Corp— 1939. J&J / 1st 5s 1944 65 68 2s deb A 1940-1942 3s deb B 1943-1947- Certificates of deposit / Conv deb 5Ms 1944 ser C.M&N / Certificates of deposit / 2-yr6% notesl933 A&O / Certificates of deposit / Athens (Ga) Ry & Electric— 1st & ref s f g 5s 1950 Atlanta Gas L 5s g 1947 Gen mtge 4 Ms 1955 71M M&S i—* o o £ 104 M -J&J Atlantic City Sew'age 6sA*56 J&D 105M Called Mar. 1 at 105. 109 M 121 99 M 100M 107 108 101M 102 M 105 106 M 75 85 86 88 M b Basis, 90 M 88 102 M 87 M 99 % 100 h __M&N 101 101 100M - 100 Public 100 110M '66--A&O Service— 103 101 J&D J&D J&D J&D 102 M 103M 102 M 4s 1944--4s 1945- J&D 103 M 4s 1946 J&D 102 M 4s 1947--- 104M J&D J&D 101M 4s 1948 J&D Cent Indiana Gas 5s 1957 M&S Central Indiana Power Co— 100 M 99 1st & ref 6s 1947 ser A J&J Central Kansas Pr 6s 1946--M&S 104M 100 7s 101 Central Maine Power— 1st s i 6s ext to 1950 108 M 105M 106M 24 J&J Central N Y Power Corp— Gen mtge 3 Ms 1962 A&O 106 % 102M 100 1 Ms Feb 1 Ms Aug 2s 2s Aug 2s Feb Feb 99 98 M 151943---...- 99 2Ms Feb 2 Ms Aug 2 Ms Feb 2 Ms Aug 15 1944 15 1944 98 M 98 M 15 1945 15 1945 98 M 98 3s 3s 15 1946 15 1946 98 85 88M 51 93 98 112M 113M 106 M 90% 109M Feb Aug 98 Cent Pub Serv Cor Conv deb 5.. Ms '4 •?97_ .F&A 105M Conv deb 5s 1948 Deb 5 Ms 1954 _M&S 15 J&D 1st mtge 4s 1964 Pow & 78 106 M 60.50% 61.25% 62.00% 62.50% 62.75% 62.85% 2.90% 107M Nominal. 102 M Lt Corp— 1st M & 1st lien 5 Ms 1953. J&J 76M Debenture 5s 1944 J&J Cent States Utilities 0S 1938.J&J 42 Cent Telep (Del) 6s 1938--.M&N Cent Vermont Public Serv Corp 14 1M 1st mtge 3 Ms ser B 1966—F&A 106 Central West Public Service— 5Ms 1956/ 88 M ark Charleston Cons Ry Gas & El 107 .M&S M&S 80 M&S 66 Coll trust 5s notes 1942— .M&S Chic Aurora & Elgin RR— 89 1st & ref 6s 1951 103 M 75 33 M 33 M J&J Gen & adj 5s 1952 118 1M 1M Cent Public Uti bil.(ws)inc5Ms-1952 Central States Edison, Inc— 1st coll inc 3-5s 19&0 M&S Central States Elec Corp— Consol gold 5s 1999 Charleston Transit Co— 1st 5s 1942. 120 n 99 100 2 Ms Aug 88M 78% 51M k Last sale, 99 M 15 1941 15 1941 15 1942 15 1942 15 1943 90 100 102 103M 160 M 100 45M 99 M 106 D.J&J - 100 105 ser 1st mtge 3 Ms ser A 1969.-F&A Serial debentures— 1 Ms Aug 15 1940 99 % 86 r 90M 99 M Cent Pow 1st 5s 1957. r ~ 101M Central Power & Light Co— 96 - A&O f This price includes accrued interest, 102 101M 101M 101 M 100M 100 M 100M 100 M 100M 113M 106M - 100 Central Ohio Lt & Power— 1st mtge 4s ser C 1964.--F&A 109 .. 4s June 1 1946 4s Dec 1 1946 102 112 — ........ 102 1st & gen 4s ser G I960-—A&O 107 J&D — 101 l8t& gen M 3 Ms ser H '66.F&A 1st & gen M 3 Ms ser J 1968J&D Cent Mexico Lt & Pow 102^ __A&0 California Water Service— May 1 1943. 4s May 1 1944-4Ms May 1 1945 4Ms May 1 1946 3Ms Dec 11944 3 Ms June 1 1945 3 Ms Dec 1 1945 75M 104 M 105 M 4s 102 102 109M 100 M 87 M « 95 M 100M 3 Ms June 1 1944 13 102 M 102 M Ms May 1 1940 101 3Ms 1942 3Ms 1943 119 100 101 3 Ms June 1 1943 3 Ms Dec 1 1943 3 Ms 1940 3 Ms 1941 75M J&D J&D J&D 3 Ms May 1 1941 3 Ms May 1 1942 3s June 1 1942 3s Dec 1 1942 4s June 1 1949 Cent Illinois Light 3 Ms 109M 109 M 100 1st 4s ser B 1961. 108 100M 100 M 120 67-J&D Deb gold 5Ms 1942 1st mtge 4s 1966 Serial 2 89 M 86 M * Ill"" 1 1940 3s June 1 1941 3s Dec 11941 1st mtge 3Ms ser A 1968—J&D Serial debentures— 109M f 5s 1964 3s Dec Cent States Calgary Power 1st 5s 1960—A&O 108M 107M at 102. 105M 99 107 98M __J&D 4s June 1 1947 4s Dec 1 1947 52 Butte El & P 1st s f 5s 1951 J&D Cairo Bridge 1st inc 6 Ms *58-J&J s 70 103 94 100 Central Illinois 76M 44M 77 M 3 Ms deb O 1948-1952 Buff & Niag Falls El L & Power— 1st gold 5s 1942 F&A Buffalo Traction— 1st Atlantic City Electric— Gen mtge 3 Ms 1964 Atlantic City Gas 5s 1960 1st lien & ref 5s 1957--. 100 M 68 F&A - 99 100M 3s June 1 1940 4s June 1 1948 4s Dec 1 1948 California-Oregon Power— Atlanta Nor Ry—See Ga Ry & El Atlanta Wat El & Pr 5s 1943 J&J J&J J&J 111 102 See International Ry Burlington (Vt) G L 5s 1955--J&J Butler Water 5s 1957 A A&O J&J J&D U0M 100M J&D M&N Associated Telep & Teleg Co— Deb 5 Mb 1955 ser A M&N Associated Telephone Utilities— 57 M 57 M 58 M 58M 58 M 58 M 142 142 96M 96M 98 M 109 75 Bklyn Un Elev—See Bklyn Queens 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 Deb 5s 1950 98 106K Serial 22 109 109M --A&O Gen & ref M 3 Ms ser O Certificates of deposit / Conv deb 5s series B 1942-A&O / r M&S Bway & 7th Ave—See N Y Rys Bklyn Borough Gas 5s 1967-F&A Brooklyn City & Newtown RR— 77 71 1st mtge 3 Ms 1964 debentures— 86 106M 89 M Central German Pow 6s '34.J&D / 14 Cent Hud Gas & Elec Corp— 105 M lst&ref 5s 1941 J&D 1st & ref 3 Ms 1965 106M M&S Cent Ills Elec & Gas Co— Telephone— 75 M&S / 07 M 1st & ref 5s 1954 ser A J&J Deb 6s series A 1941 50 29 52 84 M 1st & coll tr 5b 1948 ser A„F&A Central Elec of N J 5s 1940. J&J Cent El & Tel 1st 5s ser A *55 J&J Central Gas & Elec 6s 1946-M&S First lien coll tr 5 Mb '46--J&D 80 14M 14Vs 14M 95 Mtge&Colltr3Msser D'68 J&D St&FulFy-See NY Rys Bloomington Dec & Champagne 1st & ref 58 1940 M&N Bolivian Power 8s ser A *45. A&O Boston Elevated Ry— Deb g 4 Ms NdV 1, 1941 -M&N Deb g 5s Dec 1942 J&D West End St 5s 1944 M&S 7s Sept 1947 M&S Brandenburg (Germany) El Pr— Extl 1st s f 6s 1953 M&N / Bridgeport Gas Lt 4s 1952.-J&J Brith Colum Pow 4 Ms 1960.M&S r J&D 6 Ms M&S Cape & Vine'd El 4s A *65---J&J Capital Traction (Wash, D C)— 1st g 5s June 1, 1947 J&D Carolina P & L 1st 5s 1956—A&O Cent Ark Pub Serv Corp— Bleecker British Columbia 101M J&J M&S f 1951 Canadian Utilities Ltd— 1st mtge 5s ser A 1955 105 45 14M 96M Blackstone Val Gas & Elec— M & colltr 4s ser C *65—M&N Buffalo General Electric— Gen & ref 4Mb 1981 Buffalo Niagara Electric— See 1st lien 5s 1947 ser A_ Deb 6s series A 1958 116M 133 M 104 M 76 Bklyn City RR 1st 5s 1941—J&J Certificates of deposit 107 Brooklyn Edison Co— Consol mtge 3 Ms 1966 102 M&N Bklyn-Manhattan Transit Corp Coll trust 4 Ms 1966 M&N 50 M Certificates of deposit Coll trust 3s 1940 M&N 57 M Coll trust 3s 1941 M&N Coll tr series 3 Ms 1942—M&N 16M Coll trust ser 3 Ms 1943—M&N 14 Coll trust ser 3 Ms 1944.-M&N 15 H Coll trust ser 3 Ms 1945 15 M&N Coll trust ser 3 Ms 1946 15 M M&N Coll trust ser 3 Ms 1947—M&N 15 M Coll trust ser 3 Ms 1948.-M&N 13 M Coll trust ser 3 Ms 1949.-M&N 13 Coll trust ser 3 Ms 1950 13 M&N Coll trust series 3 Ms 1951 _M&N 13 13 Brooklyn Queens Co & Sub¬ let m g 5s 1941 (stpd) 13 J&J Certificates of deposit 2M 1st con 5s July '41 (stp)._M&N 2M Certificates of deposit 2M 5 Bklyn Un Elev 5s 1950 F&A Certificates of deposit 5 Kings Co El 1st 4s 1949 F&A Certificates of deposit 70 Nassau Elec 1st g 4s 1951--J&J 31 Certificates of deposit 30 Income deb 4Mb 1978 Income deb 4s 1978 Income deb 3 Ms 1978 — 111 116M 133 h 102 106M 110M 110M A&O Birmingham Elec 4Ms 1968-M&S Birmingham Gas 1st 5s '59-M&N 4M% extended 1944 A&O 5s 1st s f 6s ser A 1953 A&O Ashl'd Home Tel 4 Ms A 1961 A&O Ashtabula Wat Wks 5s 1958_A&O Assoc Elect 4Mb 1953 J&J 5s Jan 1 86 M 92 Term Rys— 1st 4Ms series B 1961 Broad River Power Co-— Arizona Edison Co— J&J 110 - 40 100M 99 M 105 J&D 73 108 1960 » 103 * M&S J&D M&N 1951—J&D 1959—F&A A&O 72 Amer Water Works & Electric— Deb 6s 1975 ser A M&N Deb 5s 1975 ser B J&D Income 5s 105 _ Corp— —A&O J&J Deb 6s Apr 1,1955 Berlin Elec Elev & Underg 108^32 108M 108M F&A F&A Appalachian Power 6s 2024--J&J Ardmore St Ry—See Phila Co Berlin City Elect 6Ms Sink fund deb 6Ms 49 96 - 99 M 98 M A&O 1st & ref 5s 1960 ser C Bellows Falls Hydro-Elec 1st mtge 5s 1958 Bergen Turnpike 5s 1951 52 American Telephone & Teleg Deb 5 Mb Nov 1 1943 M&N 25-year deb 3 Ms 1961 A&O 30-year deb 3 Ms 1966 J&D Amer Util Service 6s 1964--M&N 1st mtge 4s 1963 8 f deb 4Mb 1948 111 '60-M&N Beaver Valley Water 5s Bell Telephone of Canada— 1st g 5s 1955 ser A Berkshire Street Ry— 1st extend 6s 1947 12 Androscoggin W Pow 6s '45. F&A / Appalachian Electric Power—• 96 111 -J&J 106 96 -M&S SIM 36 M & 94 -J&J 105M 51 101 Anchorage Lt & Pow 7-5s'43 F&A Androscoggin & Kennebec Ry— Canadian L & P 5s *49 op *14 Canadian Rail & Harbor— 30 M 103 M 68 104M J&D Ry— 1st (35% prin paid) 1927 F&A Camden & Sub Ry—See P S Corp Canada Nor Pow coll 5s '53.M&N 104 A&O A&O 1st g 58 1957 ser B American States Public Serv— 1st 1 5 Ms 1948 ser A M&N Deb 6s 1938 J&D * Baltimore Transit Co— J&J Deb 5s series A 1975—-—J&J Deb 5s series B 1975 J&J Bangor Gas Light 5s 1941—A&O Bangor Hydro Electric— 1st mtge 3 Ms 1966 J&J Bear Mt Hud Riv Bdge Co— Telephone— 1st mtge 4s 1969 Calumet & South Chicago 99 M Deb 4s series A 1975 Bid Bonds Calif Water & 4 1st mtge 5s 1960 ser C Bell Telep Co of Pennsylvania— 1st & ref 5s 1948 ser B J&J 6 19 Amer Rys Corp coll 4Mb '53-A&0 Debenture <fMs 1963 A&O 1st 6s 1940 Elec Ry A&O Avalon Telep Ltd 4 Ms *58--A&O Baltimore County Water & Elec 1st 5s 1946 M&N 2d mtge 5s 1978 5s conv notes 1978 American Gas & Electric Co a J&D Ask 102 M 100 Beauharnois Lt Heat & Pow— M h M American Community Power— 5 Ms Certificates of deposit 1953 / Amer Elec Pow deb 6s *57 M&S15 / American & Foreign Power Co— Deb g 5s 2030 M&S Amer Fuel & Pow 7s 1934.J&J f 2Ms Augusta Ry & El 1st 5s 1940 1st 7s 1953 S f income 8s 1953 85 M&S } 3 Ms s f debs 1960 M&S Aurora Elgin & Chicago 1st 5s 1941 Power Co— 1st 5s 1946 lst&ref 5s 1951 1st & ref 5s 1956 1st & ref 4 Ms 1967 5s '58 ser A Atlantic Co Wat 104 Bid Bonds Ask 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 7H 45M Chic North Shore & Milw RR— 1st mtge gold 5s 1936 J&J 1st & ref 6s 1955 ser A 1st & ref 5 Ms 1956 r 2 J&J 1M 1M A&O Payable in Canadian funds, 3M x Called Feb. 9 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 Bid Bonds Cons M 5s ser 47 45% 9% 4% A Feb '27—A&O / Series B Feb, 1927 -J&D Chicago Rapid Transit Co— 1st & refers 1944 J&J Certificates of deposit 1st & ref 6s 1953 ser A J&J Certificates of deposit Adjust deb 6s July, 1963—J&J Certificate of deposit Chicago & West Towns Rys— 1st cum inc 5s 1937 -J&J Ask / 47 M 10 M 5% _ , 5 / f / / f / 4% 4% % % f 5 5 5M 5M 5M 5M % M 1st mtge 3 Ms 1966 F&A 1st mtge 3 Mb 1967 J&L) Cin Newport & Cov L & T— 1st ref 6s 1947 series A J&J Cincinnati Street Ry— 1st in 5 Mts ser A 1952 A&O 1st 6s 1955 ser „ , Independent 108M 96 M 97 M 90 M 94 91 95 M&S 73 H 74 M A&O M&N 70% 71M 71% 71% 70% 70% 72 72M 85 85 M 86 M 85M Telephone 103% 1st mtges f 4^sser A '61—J&J Citizens Utilities Co— 35 36 M 66 68 1st coll 4-5Ms 1948-— _ • 73 94 97 1st M 5s 1954 series B J&D 1st M 5s 1957 series C_—M&N 1st 5s ser A 1958 M&S Cleveland Electric Ilium— Gen mtge 3 Ms July 1, '65.J&J Cleveland Ry 1st 5s A 1945-M&S 42 .102 109 M 103 109 110 45 47 40 - 7 io"" 50"~ ——- * Columbia Gas & Electric Corp— Deb g 5s 1952 M&N Deb g 5s 1952 A&O 15 Deb 5s Jan 15. 1961 J&J 15 103 % 104 M 104 104 M 104M 104 % Columbus (Ga) Elec & Power— 1st & ref 6s 1947 ser A J&D 1st & ref 5s 1954 ser B—M&N Columbus Ry Pow & Light— 104 M 106 1st mtge & colltr 4s 1965.M&N 108M 108M Inc. debs 4s w w 1969 w i 51M Commonwealth-Edison Co— 1st mtge 3 Mb ser I 1968—J&D 109 % Conv debenture 3M8 1958-J&J 128M Com'w'lth El 5s June 1 '43-M&S 115 Commonwealth Gas Corp— Non-cum inc deb 6s (w s) 1948 / 32 Non-cum inc deb 6s (x s) 1948- / 23 Commonwealth Light & Power— 14 Commonwealth Telephone (Pal¬ let 5 Ms ser A 1945.93 M&N Commonwealth Telephone (Wise) 1st 4s series A 1966 104 % M&S Community Power & Light Co— Col M 5s 1957 M&S 94% Community Public Service—■' 1st mtge. 4s 1964 M&S 104M Community Teleph 5s Jan 1 1949 / 6 Community Water Service Co— Deb g 6s 1946 ser A 87 J&D 52 % Commercial Mackay Corp— 1/ Deb g 5Ms 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 s f 7s *51 ser A..M&N 1st & ref M 3Msser F '66-M&8 1st & ref M 3 Mb ser G *66-J&D Cooper RivBri'geinc lst6s'58M&N Copper Dist Pow 4 Mb 1956--J&D County Gas (N J) 5s Jan I 1952- J&J 92 2M 2M 97 M Gen & ref 4 Ms 1961 ser D_F& A Gen & ref M 4s ser F 1965. A&O Gen & ref M 3 Ms ser G '66M&S 78M Certificates of deposit Dom Elec Pow 5Ms 1955 M&S Dominion Gas & EI 6 Ms '45. J&J Dortmund Munic Util (Germany) 103 107 M 68"" 95 M 99"" 20-yr f 6 Ms 1948Duluth-Superlor Transit— s 1st 5s 1953 w s M&S / Dumbarton B'ge 6Ms to *49-J&J Duquesne Gas Corp— lstconv6sctfs. 1945 M&S15 / Duquesne Light—See Phila Co Duquesne Nat Gas 7s 1948—J&J Duquesne Trac—See Phila Co 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 E. Kootenay Pow 1st 7s *42.A&O Eastern Lt & Pow s f 5s 1964 M&N t J&J r 1st & coll 4s series A 1965 98 Eastern Mass Street Ry Co— Ref m 4 Ms 1948 A J&J Ref m 5s 1948 B .—J&J 95 % 99 Ref 6s Jan 1948ser C-.M&S 15 Ref 6s series D Jan 1 1948-A&O 102 M 102 M Ref 6s series E Jan 1 1948-A&O 103 M Edison Co of N Y—• 3 Ms 1946 A&O 3 Mb 1948 A&O 133 138 110M 108 % 108M 111M 109M 109 M 132 108% 90 A&O Electric Ferries 7s (w-s) '41-A&O Elec & Peoples—See Phila R T Electric Pow Corp (Germany)— M&S 1st sink fund 6Ms 1953.-A&O Electric P & L Deb 5s 2030-F&A 20-year 3 Ms debs 1958. "_J; 107 107 108 106M 108M 107 Eliz Plainf & Cent J1 108M Eliz Consolidated Electric & Gas— —F&A 52 53 52 53 M 54 53 See RivlPublic Serv Eliz & Trenton RR J Corp Elmira Water, Light & RR— 1st & con g 5s 1956 M&S & Ref mtge s f 3 Ms 1971 J&D 1st ref mtge 3s series P '69 _T Consolidated Gas Utilities Co 6s unstamped 1943 ser A--J&D 6s stamped 1943 « — 78"" 126 M 109M 108M 109M 108 % 84 84% 84 85 100M 85M 101 102 M 104 M 104 M 98M 99M 90 99 M 1.00 1.50 2.00 0.50% 1.00% 1.50% 52 93 M 97 100M 101M 101 26 29"' 27 96 M 124M 128 108 r 109 M 87 % 87% r 80 M 82 M f 45 98 % 98 106 97 % 107"" 68% 68 102 18 18 80 83 93 94% 76 M 75 J&J 6 Ms 1950 99 104 1st coll 5s 1963 A&O Great Cons Elec Pow (Japan) 1st M 7s 1944—F&A gen 98% 96 % 118 Georgetown Gas Lt 1st 5s'61 F&A Ga-Caro Pow 1st s f 5s '52--J&J Georgia Power 1st 5s 1967—M&S Georgia Power & Light Co— 1st mtge 5s 1978 J&D Georgia Ry & Electric— Atlanta Northern Ry Co— 1st guar 5s 1954 J&J 1st & 13 80M 101M 80 M 1st sf 4Mb 1956 M&S Gen s f 5s 1957 Great Lakes Utilities Co— 1st lien coll tr 5 Ms 1942. 100 J&D . r 79 81 97 98M .M&N 60 M 62 M F&A 107 % 110M M&S 103 M Great 57 loo"" 106 M 106 M Northern Power— 1st 58 stamped 1950 Green Bay & Miss Canal— 1st & ref 4 Ms 1953 Green Mountain Power Corp— 1st & ref M 3%a 1963 4Mb 59 2K 2 86 87 101 99 J&D 105 % ^ •» M 102 M 102 104 M 104 M 99 123 128"" 110 110M 102 M 97 —- 13 M 13 M 78% 79"" J&D b 102 M 1940-1953 Gulf Coast Water 1st 5s '48-F&A Gulf Power 1st 5s 1968 A&O 105 Gulf Public Service Co— 1st mtge 6s 1945 106 103 119 120 96 68 104 108 % & ref 3 Ms ser D 1969M&N Hamburg (Germany) Elec Co— Extl g s f deb 7s 1935.—M&N f Hamburg (Germany) Elev Undergound & St Rys 5Ms'38—J&D f Hamilton Gas 6 Ms Aw w *37 J&D f m 15M 50 14M 75 30 60 M&S 108 Harrisburg Gas 5s 1970 M&N Havana Elec Ry 5s 1952 F&A / 49 5M8 (Sept'31 coup on)'51-M&S / M Hempstead & Oyster Bay— QQ Water 6% July 1 serially Hest Man & Fair Pass Ry—See P hil R T 42 M Holyoke Street Ry inc 5s 1945 Home Tel & Tel (Ft Wayne;— 62 Hamilton Gas Corp— 4s series B 1953. 1st 6s series A 1943 1st 5Ms series B 1955 Raritan A&O 64 to Gulf States Utilities Co— 1st Consolidated Gas of Baltimore— 125M 99 % 84 M x w J&D / Grand Rapids Ry lRt 7s '39-M&N / Granite City Generating— 105 Edison Elec Ilium of Boston— 106M 10 99% Serial notes— coll tr 7s 1958 J&J Adjt 6s due July 1958 A&O Eastern Minn Pow 5Ms 1951 M&S Eastern Oregon Light & Power— 5Ms series A 1951 M&S 5s series B 1953 J&J Eastern Shore Pub Service Co— 1st m 5Ms 1947 ser A M&S 1st M & 1st lien 5s 1955 B M&S Easton Consol El 5s 1949 —M&N 1st mtge 40 M 82 M 104 Great Lakes Power Ltd— lsts f 6Ms 1950 -A<S 83." Eastern Michigan Rys— 39 89 76 104 M 22 Gesfurel 6s 1953 95 89 104 % 104 104 M 103 M General Public Service Corp— See Investing 1st mtge & coll 6 Ms C55-A&0 General Water Wks & El Corp— 1st lien & col 5s 1943 ser A_ J&D 103 67 lst m & coll tr 4s A 1956.M&S Eastern Iowa Pow 6 Ms 1943-M&S 105M 104 102 103 % Equip trust 4Mb to 1941—F&A b Equip trust 4 Ms to 1943—M&S b Equip trust. 4s tq 1946—M&S Fullerton-Portsmouth Bridge— 1st s f 6s 1957-—M&S / Galveston-Houston Elec Ry— 1st M s f g 5s 1954 opt A&O f Gandy Bridge (Tampa)— 1st mtge s f 5 Ms 1957 A&O Gary Electric & Gas Co— 1st lien coll 58 x-w 1944 J&J 5s with warrants 1944--J&J Gary Rys Co 6 Ms ser A 1945 F&A f Gary Street Ry 1st 5s 1937.-A&O f Gas Co of New Mex 6 Ms *44 M&S Gas & El of Bergen Co Sa *49_ J&D Gen 5s Nov 1.1954--- —-M&N General Public Utilities— 1st M coll tr 6Ms ser A'56.A&0 15 16 95 103 % J&J Gatineau Pow deb 5s w w '49 J&D 1st 3 Ms series A 1969 A&O 1st 3%s series B 1969 A&O 109 % 105M 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— Conv deb 5Ms 1954 M&N Florida Telep 2d 6s 1954 QO~ " 29 109 M 15 Ry 5s 1941 A&O Fall River El Lt 3 Ms 1968..M&N Federal Light & Traction— 1st 5s (Amer series) 1942.M&S 1st 5s (Internat ser) 1942—M&S Stamped M&S 1st lien g 6s 1942 stpd M&S % 103 82 J&D f Rys 1st 6s 1954 Ltg 1st ra 5s 1967 96" " 30 103 M 102 49 M 84 M Companies. 13 Eastern Gas & Fuel Assoc- 85 108M 6 East Prussian Pow 6s *53 3 Ms 1st M 8 f July 1. '65.J&J Edison El III (N Y)—See N Y G J&J 6M 5% % 78 Erie General Gas & Electric Corp— Scrip 4s due 1942 6% 25 Edison Sault Elec 4Ms, 1961 . 110M 100M A&O / Economy Lt & Pr (111) 5s *56-J&D Conn Ri v Pow 3 % ser A '6 J F&A Consolidated Cities L P & Tr— 110 r 104% 82 M Fontana Un Wat 6s 1935.-J&J Fruit Growers' Express— 109 93"" 106 104 129 Florida Power Corp— 1st mtge 4s series O 1966--J&D Sinking fund debs 5s 1946-J&D Florida Pow & Lt 1st 5s '54--J&J Florida Public Service Co— 1st 4s series C 1955 J&J 108M r 105 M 43 J&J A&O A&O Federated Utilities Inc— 1st lien col tr 5Ms 1957—M&S 112 1st mtge s f 6M® 1952--.-F&A / Certificates of deposit f 8 f deb g 7s 1952 F&A f 109 Corp 6% notes, 1940 109 M 39 Detroit International Bridge— Stamped guaranteed opt—J&J Collateral 6s 1957 90 Ask 108 _ 47 M&N 117M „ 63 47 M&N 130 3 Ms 1956 85 M 101% 61 92 M 27 m Erie & Suburban Denver Gas & Elec Co— 1st 5s 1949. M&N Denver <ias & Electric Lt Co— 1st & ref 5s 1951.— M&N J&J J&J 5s 1952 M& ' Equit G & E Utica 5s 1942-A&O Ercole Marelli El Mfg Co (Italy) 1st s f 6 Ms 1953 with war M&N Erie 90M 86 OCO 1st & ref Erie Coach Co 4 Ms 1959 Erie Co Electric 6s 1959 83 Cumberland Co (Me) Pow & Lt— 1st mtge 3ks 1966 00 A&O Cumberland Gas 6s w-s 1948M&N Dallas Power & Light— 1st mtge 3Mb 1967 110 F&A Dallas Ry & Ter 1st 6s 1951-J&J 77 105 Danbury & Beth Gas 6s 1948 F&A Darby Med & Ohes Ry—See Phila R Tran Darby & Yeadon 4 Ms 1934 / 83 Dawson Ry & Coal 5s 1951.-J&J 104 Dayton Power & Light— 1st ref M 3 Ms 1960 A&O t 1st mtge 3s 1970 J&J 102% Delaware Electric Power Co— Deb 5 Ma 1959 106 % J&J Delaware Power & Light Co— 1st M 4Mb 1971108% J&J 1st mtge g 4Mb 1969 104 M J&J 1st mtge g 4M8 1969 107 M J&J Delaware Vail Util 6s 1952.M&N 66 M 1st & coll trust 5s 1956—J&J Connecticut Ry & Light— 1st & ref 4 Ms 1951 J&J 1st lien 5s 1962 106% 106% 2 84 M 100M Crescent Public Service Co— Collinc 6s B Oct 1 , 1954—J&D / Cuban conv 5s 1951 90 34 84 76 25-year deb 3Ms 1956—M&S 109% 128% Connecticut Power— _ 109 Detroit Edison— 109 Colorado Power 1st 5s '53--M&N 105 Colo Utilities 1st 5Mb 1958.M&S / 47 Consolidated Debenture Debenture Debenture 109M 70 Certificates of deposit * 1st 5s, 1966 —M&N 100M Coast Cos Gas & Electric— 1st s f 4s series B 1965 M&S Colonial Util 5 Mb 1958 J&D _ 105 108M 108M 106M 105M 90 Contin Gas & El deb 5s 1958 F&A Continental Pub Serv 6s '40. J&D / 1st mtge s f 6s 1953 Certificates of deposit Convs f deb 6 Ms 1948 Clarksbury-Columbus Short _ Water Co— 1st coll 6s series A 1946---M&N Deb 5 Ms series A 1970 A&O Bid Empire District Electric Co— 107 % Consumers Des Moines Ry 1st inc 5s Jan 1 '55 Detroit & Canada Tunnel— 101M 105 M Route Bridge 6 Mb 1952 J&D / Clear Springs Water Service— 6s 1942 Bonds El Paso Electric Co— 1st m 5s 1950 ser A M&N'd M&N M&N M&N M&N M&N Stamped as to Pa tax Denver Tramway Corp— Gen & ref 5s 1950 ser A 101M _ 6s 1940 Ask — F&A ...A&O Citizens Water (Scottdale)— 1st 5s series A 1953 J&J City Light & Traction (Sedalia, Mo) 1st s f 5s 1952 J&D City & Sub PS—See Un Rys of St L City & Sub Ry—See Wash Ry & El City of New Castle Water— 5s 1941 J&D City Water (Chattanooga)— Income notes 3s 1955 1st mtge 3 Ms 1965 1st mtge 3Ms 1965 1st mtge 3 Ms 1967 1st mtge 3 Mb 1970 1st mtge 3 Ms 1966 1st mtge 3 M» 1969 Telep „ Deb 5s 1969 ——M&S Conv deb 5s 1950 J&D Cities Service Power & Light— Deb 5Ms 1952 —M&N Deb 5Ms 1949 J&D Citizens 108% 110M _ —A&O B Cities Service Co— Ref deb 5s Jan 1 1966 Deb g 5s Apr 1958 Deb g 5s 1963—. Bid Co— . Cincinnati Gas & Electric— . Bonds Consumers Power Ohicago Railways Co— 1st 5s 1927 stpd as to 25% pt red and pay Aug 1, 1938—F&A f Certificates of deposit / J&J 105 A&O 105 Hoosac Valley Street Ry— 1st ext 6s June 1 1947—M&S Houston Elec 1st 6s B 1950-J&D Houston Gas Securs 5s 1952.M&S Houston Gulf Gas— % 43 M 15 101M 101M 102 M 1st M & col 6s 1943 ser A-A&O 104 104 % Deb 6 Ms 101M 102% 1943 with war.-A&O 97 j Consol Hydro-Elec Wks of U Wuerttemburg 1st 7s '56-. * / 13 M Called May 1 at 105. t Called March 16 at 104M t Called k Last sale, n Nominal r Payable in Canadian funds. • interest, May 1 at 103. b Basis, d Called May 1 at 104M. / This price includes accrued UTILITY PUBLIC March, 1940] 75 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 Bid Bonds Houston Light & Power— 1st mtge 3 *s 1966 —J&D Houston Natural Gas Oorp— 1st m 109* r 1953. Aug 1 1948 A&O Idaho Power 1st 3 *s 1967..A&O Illinois Bell Tel 3*s B 70-.A&O Illinois Commercial Telephone— 3s 100 102 r 100 111 113 r 100 102 r 101 102* 99* r 98* r 97 108* 111* 99 108* 112 102* 65"" 63 106* 104* 102* 99 M&S Indiana Assoc Telegraph— 1st mtge 4*s ser B 1965..A&O z 105* 1st mtge 3 *s ser A 1970.. J.F&A 105* Indiana Central Telephone Co— 1st lien coll 5*s 1938 M&N / 134 Certificates ot deposit.----- f 133 Indiana Gas Utilities 5s 1946.J&J 90 Indiana Hydro-Electric Power 1st mtge 5s 1958 ser A M&N 98* 112 Indiana Pr 1st 7*s '41 A .M&N Indiana Ry & Lt 1st 5s 1943-J&J 104 Indiana Service Corp— 1st & ref M 5s Jan 1.1950.J&J 1st 1 & ref 5s 1963 F&A 106* 104* 102* 99* 99 66* 64* 65 53* (NY)Telep 5s 1954 J&D Jersey Central Pow & Lt Corn—■ 1st & ref 58 1 947 ser B F&A 1st M 4*s 1961 ser C J&D Jer City Hob & Pat—See P S Corn Johnstown Traction 4s Dec '31 62 Cons mtge 3s B Dec 31 1962 — Joplin W W 1st 5s 1957.—M&S Kankakee Water 4*s 1959..J&J Kansas City Gas 1st 5s '46—F&A 1st 6s series A 1942 F&A 125* 103* 100* 126 1st mtge 3 *s 1969 110* ; J&J 88 Kentucky El Pr lstsf 6sl960J&J Kentucky Fuel Gas Corp— 1st 6*s 1942 stamped.—J&D f 1* Kentucky-Ohio Gas Co— Ctfs indebt 2s 1958 J&D f 30* 111 1st M 5*s 1955 ser F A&O 1st M 5s 1961 series G F&A F&A F&A M&S - - 5s series H 1961 107* Serial notes— I ser 100* 1st 6s series K 1957 1st mtge 4s 1970 3s Aug 1 1941.. 102 S t mtge M&N 104"" 100* 103* 102* 101* 1st mtge 3*s 1966 Indianapolis W W Sec Co— Secured 5s 1958 J&J 106* 107* J&J 100 103 67 f 6*s stpd 1952 (25% paid)... f Sinking fund deb 7s 1938.F&A f Inland Power & Light Corp— Coll trsf 6s A 1936 M&S f Coll tr if 6s 1941 ser B...M&N f Coll tr 6s 1957 ser O A&O f Deb s f 7s 1935. ..J&D f Inland Telep 1st 6s 1948 A&O Inter borough .Rapid Transit— 1st & ref g 5s '66 op tax-ex.J&J f Certificates of deposit f 6% notes 1932 A&< f Certificates of deposit f Conv g 7% note 1932 M&S Certificates of deposit f Inter continents Power Co— Debs A 6s 1948. J&D f International Hydro-Elec System Conv deb 6s 1944 w w A&O Internat'l Pow Ltd 6*s 1957M&S Deb 681957 M&S Debentures 6s 1955 .J&J International Power Sec Corp— 6*% sec bonds 1955ser O J&D 54" 60 Kokomo 10 11* J&D Lackawanna & Wyoming Val RK r r r 21 1st 19 21 Debentures 19 21 76 3r!H 72* * * 72 101 100 40* 27 30 J&D 79 84 40* 43* 63 40* 6 Serial J&J 8 64 101* 103* 65* 102* notes— 4s Apr 1 1940 100 4s Oct 1 1940 4s Apr 1 1941 100* 101* 101* 101* 4s Oct 1 1941. 4s 63* 41* * 102 II.I Apr 1 1942 4? Oct 1 1942 4s Apr 1 1943 4s Oct 1 1943 II 4s Oct 1 1945 4s Apr 1 1946 Iowa El Lt & Pr 7s 1st mtge 4s ser _______ 101 101 O *42.F&A J&D ser A..M&N 1st 1 & ref 5s 1961 ser B...M&S Iowa Pow & Lt 1st 4 *s 1958 M&S Iowa Public Service Co— Deb 5s 1968 r__M&S Debenture 6s 1960 1st mtge 3 *s 1969 (I.M&N _F&A Called June 1 at Nominal, r 105* _ 106* 107 34 106 106* 106 107* 108* 107 63 99 101 100 13* 102 108 67* 69* 111* 107* 109* 107* 111 90 7 7* 7* 7 21 22 25"" 23 29 85 106 Serial 103* 103* notes— 101 Aug 1 1941 103 4s Aug 1 1942 4s Aug 1 1943 4s Aug 1 1944 104 104 102 102 1 1945 1 1946 4s Aug 1 1947 4s Aug 1 1948— Mich Fuel & Lt 6s A 1950—J&D j&J 41 101* 100* 102* 101* 101 102* 58 60 91 126 Minneapolis Gas Light Go— 1st mtge 4s 1950 J&D Minnesota Power & Light Co— 1st & ref 5s 1955. 1st & ref 4*s 1978 101* 101* 101* 86 90 46* 47* 102* 102* 107* 108* 106* M&N 106* 103* M&S 103* 103* 104* 109* 104* 104* J&D 104 J&D Lone Star Gas 3*s debs *53 F&A Long Beach Gas 1st 5s '56—J&D Long Island Lighting— Secured g 6s 1945. J&J Conv dob g 5*s '52 ser A.A&O Los Angeles Hermosa Beach & Redona Ry 5s 1942 Los Ang Pac Co—See Pac El Ry Los Ang & Pac RR-See Pac El Ry Los Angeles Railway Corp— 1st ref s f 5s ser A 1948 A&O 103 71 109* 73* 109* 60 104* 103* 1st & ref 5s 1955 104 Mississippi Power & Light— 1st M 5s 1957 ...J&D 105* 104 1st 4-5s 1956 —-A&O Missouri Power & Light— 1st mtge 3*s 1966 J&D 93 107* 108* Missouri Public Service Co— 1st s f 5s 1960 F&A Missouri Telephone— 93* 94* M&S 102* 4*s series O 1961 Missouri Val Pub Ser 6s '39 J&J f Mobile Gas Service Corp— 1st 5s 1956 £ A&O 76 80 72 lOO"" Monmouth Cons Wat 5s '56. J&D 81* 80* 83* 82* 100* 122 J&D 1st M 5s 1949. Monongahela Valley Water— 1st M 5*s 1950 series 107 107* 108* 109* 120 96 62 A..J&J Monongahela West Penn Pub Ser 1st & gen mtge 4*8 1960.A&O 102* Debenture 6s 1965 A&O Montana-Dakota Utilities— Conv deb 4*8 1946 A&O 1st mtge s f 4*s 1954 Montana Power— M&N 1st & ref mtge 107 108 Montreal Lt Ht & Pow Consol— 1st & coll s f 3*s 1956 F&A 10* 99 100* Luneburg Pow L & W W(Germ'y) 110* 110* 110* 110* 99* 105* 106* 99* 3*8 1966.-J&D Montreal Isl Pow 5*s 1957 M&N 1 op'13 A&O 97 92 Monongahela Light & Pow Co— F&A 1st M s f 7s 1948 _M&N Luzerne Co (Pa) Gas & Elec— 1 95* 97 1st cum inc 9s ser A *56. .A&O Income 7s 1956 A&O Mob Lt & RR Cons g5s '41.M&S Mohawk Valley ref 6s 1991 M&N Debenture 6s 2031 A&O 50 M&S F&A f 110 101 Missouri Gas & Elec Service— Lincoln Gas & Elec 5s 1941 ..J&D Lockhart Power 4*8 1955—J&D 1st ref&imp g 5s'48 1 st & ref 6s 1954 Mar 1952. Michigan Associated Telep Co— 1 st mtge 4s ser A1968 M&N Michigan Consolidated Gas— 1 st mtge 4s 1963 M&S Mississippi River Pow 5s '51 -J&J Deb 5s May 1. 1947 .M&N Missouri Edison 1st 5*8 *47 J&D 93 Debenture 7s 1944 101 62 J&D 100 106 , 99* 98* 100* 99 1st & coll 3*s 1st & coll 3*s 1963. 1973 j&J r 96 96* Conv 1949 J&J r 49* 50 notes 3s J&J 14 108* M&S 108 J&J 115 — 102 104 100* 101* 102*. t Called March 4 at 104. J Called April 20 at 103. Payable in Canadian funds, x Called April 1 at 105. _ 92 lstsf g6*s 1944 106* Iowa-Ill Telep 2-5*s 1949..A&O Iowa-Nebraska Light & Power— 1st lien & ref 5s *57 — 85 J&D Lower St Lawrence Power— 1st s f 5s ser A 1955. A&O 109 52 22 Mississippi Power Co— 1st mtge 4*s ser A 1966.M&S Lower Austrian Hydro-Elec— 100 ser Income deb 6s (w-e) Middlesex & Somerset Traction— 5s 1950 J&J Midland Util deb 6s 1938—M&S Milwaukee Gas Light Co— 1st M 4*s 1967. M&S J&J General 5s 1950 Lowell Gas Light— 68 63 Bridge— Middlesex Elec Lt Pow 5s '55 92* 1953 Miami 49 91* -. 1st mtge 4s ser G 1965 M&N Metrop Edison Corp 6s '61 .M&S Metro Wat Sewer—See Fgn bds Metropolitan West Side "L"— 1st gold 4s 1938 F&A f Exten gold 4s 1938 J&J Mexican El L 1st M g 5s '42.J&J Mex Lt & Pow 1st 5s '40 s f__F&A Mexican Utilities 7s ext'49—A&O 47* J&J — A&O f A 88 98 M&N Lewiston Gas Lt 3 *s O '56-A&O Lexington Ry 1st 5s 1949 J&D Lexington Water Power Co— 1968- ser 82* J&D Leipzig Overland Power S f mtge 6*s 1946 f 5s 66 1st 8 f 7s 1940 ser A Q Jan.. 61 Certificates of deposit. Maryland Light & Power— 101* 1st M 5*s 1950 ser A J&J 101 Maysville P Serv 5*s A 1942A&0 Memphis Street Ry— 48 3-5s series A 1945 A&O 18 3-5s series B 1945 Ann April / 87* 9* s Market St Ry (San Francisco) 75 8l" 1st 100 1st M 5s 1956 J&D Michigan Public Service Co— 1st g 58 1947 ser A A&O Middle States Util 6s A 1951 A&O Middle West'n Telep 6s '43. -J&J f Louisville Ry2d 4*s 1940— 100* 100* 100* E 1955 12 *6 General 5s 1933 .F&A f Lake Sh Gas 1 st 5 *s 1950 _M&N Lake Superior District Power— Louisville Gas & Elec Co (Ky)— 1st & ref M 3 *s 1966 M&S Louisv Ltg 5s '53 unstmpd. .A&O 101 T 9 102 1945 103* 99 98* 104 Michigan Gas & Electric Co— 1st & ref 68 1943 M&S La Crosse Telep 5*s 1948..J&J Lake Shore Elec Ry 6s 1933.J&J 4s 103 _ r 49 1st ref s f 5s ser B 1950 A&O Louisiana Pow & Light Co— 1st mtge 5s 1957 J&D 101 4s Apr 1 1944 4s Oct 1 1944. 4s Apr 1 1945 108 105* 42* 50* Lombard Elec Co (Italy)— 1st extl 7s 1952 54 104 Iowa Electric Co— 1st 4s ser A 1961 40* 44 67 A&O 107* 48 Conv deb 5*s Interstate Tel & Tel 5*s 1953J&J Investors Telephone 3s 1961-J&J 106* 107* 40 1st mtge 3 *8 ser A 1966. .A&O Lancaster Co Ky & Lt 5s 1951 J&J 14 J& J 4s Aug 4s Aug 102 40 ser Ref & impt g 5s 1960 1st extend 5s 1945 42* Buff Trac 1st 5a 1948 Interstate Telephone Co— 1st M 5s 1961 170 B 1942—F&A 1st extend 44* J&J 160 Lehigh Valley Transit— 96* 43 Deb gold 6s 1952 1948 6s 82 82 Ref & gen 4s series O 1967-J&J Market Street El Pass Ry— See Phila Rapid Transit 4s _ _ J&J15 International Railway (Buffalo)Ref & impt 3-5s 1962 M&N Interstate P S (Ark) 6s 1940 M&S Interstate Rys 4s 1943 _F&A 103* 1st col&ref 5*sl960 ser D F&A ser A 1942 F&A 6s coll notes 6s coll notes 45 Int-State Bridge 4-6 *s *50 M&N Interstate Gas & El 6s 1951.. J&D Interstate Power 1st 5s 1957.J&J 105 Light Co— 74 43 F&A 103 102* 103* F&A F&A 1951 36* F&A Deb 5s 1955 Works— A&O F&A 1956. A&O A&O 4s Aug 1 1940 Ref & ext 1st 5s 1939 ..A&O Ret & ext 5s. 1942 A&O 1st M coll tr 5 *s '53 ser O F&A 93 70* 5s Laclede Gas 9 7* 74* 73* 35* 32* 104* 104* 103 1st 5s ser A 1958 19 Sec 7s 1957 ser E Sec 7s 1952 ser F International Telep & Teleg— Deb g 4*s 1952 J&J Water 79 „ — 52* 57* 71 , 70 61 91 106 104 99 Keystone Telephone Co— 1st & ref 5*s 1955 ser A.-J&D 1st 1 & ref 6s 1951 ser B A&O Kings County Elec Lt & Power— Purch money 6s g 1997..A&O KIngsCoElev—See Bklyn-Queens Kings Co Gas & 111 1st 5s '40 A&O Kings Co Ltg 1st ref 5s '54..J&J 1st ref 6*s 1954 J&J „ 101* _ J&J 44* 85* J&D / f 7s 1941 48 43* 8 „ 101* Keokuk Elec 6s 1945 s 79 Marion-Reserve Power— lstsf 7s 1957 102~" Kewanee(Ill)Pub Ser 6s A '49 J&J Key West Electric 5s 1956.-F&A Keystone Public Service— 1st M 5s 1978 .M&N / J&D / Metropolitan Edison Co— 1st M 4*s 1968 ser D—M&S 1st M 4s 1971 ser E M&N 104 104 101 F&A f 4*s 1955 — 76* 76* 45* Meridionals Electric Co— 115* 103* 104* 104* 102* —J&J F&A — 54* 6 A&O f / Certificates of deposit— Manila Elec RR & Ltg Corp—• 1st lien & colltr 5s 53 M&S Manitoba Power Co Ltd— 1st Msf 5*s '51 ser A—J&J 1st M s f 5*s 1952 ser B„J&J Mannheim & Palatinate Elec Cos 53* — 104* 101* 100 103 102 Indianapolis Ry 5s. 1967 Indianapolis Water— * 1st M 5s 1969 3s Aug 1 1940— Aug 11942 Aug 1 1943 Aug 1 1944 Aug 1 1945 4s Aug 1 1946.. 4s Aug 1 1947.. 4s Aug 1 1948.. 37* A..M&S 1st mtge 4*s 1980 J&D Kansas Power 4s series A '64 J& Kansas Power & Light Co— 85 — 1st income 3-6s 1957 w s An Oct „ 2d Income 4s 1963 w s—Ann O / iiii 108 71 3*s 3*s 3*s 3*s 35* 78 99 106* '53.J&J Gen sf 5*s 1956 Maritime Telephone & Tel— Ref & gen 6-4 *s ser B 1966 llo"" 108 76 M&N A 1959 48 6 105* 102* 103* ser Macon Ry & Light 1st 5s Manchester Terminal— 1st mtge 4*s 1952 1st mtge 3 *s 1960 Maritime Electric 4 *s 106* 70 106* 43 Ask Quebec Power— f 4s 15-year 105* 105* 1st mtge 3*s ser A 1966.J&D Kansas Gas & Electric— 81 P&A 4* 104* 105* Service— 1957....J&J f Kansas City Public 1st ref 4s series O em Traction 1st 6s 1948..F&A Indiana polls Gas 5s 1952 ...A&O f — Indianapolis Power & Light— * 52 104 1967 2-6s. Kentucky Power & Light Co— 1st m 5*s 1948 ser B M&S Kentucky Utilities Co— 1st M 6*s Sept *48 ser D M&S 10 „ n -J&J 1st s Bid Macon Gas 1st mtge4*s '52. J&D Manhattan Ry (N Y)— Cons 1st guar 4s 1990 Certificates of deposit. 2d gold 4s 2013 50 99 Inland Gas 6*s 1938 Certificates of deposit 75 49* 3* Indiana Telep 5s A 1960 J&J Indianapolis Columbus & South- 3*s 1st mtge 1968 46* 73 James River Bridge System—- Deb gold 6s 2022 ser 92"" 66 J&D / 1940 45* Kansas Elec Power— 106* Indiana & 8 W Gas & Util— conv notes 1st 102* Jamest'n 104 1st & ref 5*s 1954 ser B..J&D 1st & ref 5s 1956 ser O J&D 6% 104 106* 100* 100 25-yr s f 5*s 1953 ser A..M&S Italian Superpower Corp— See Investing Companies Jackson County (Mo) Lt H & P— 1st 6s series A 1956. J&D Jacksonville (Fla) Gas— 58 stamped 1942 - J&D Inc deb 6s ser A w s 1952 M&N r 1st 58 series A 1948 M&S 1st mtge 5b 1960 ser B...M&8 111 Community Tel 6s 1949. -J&J Illinois Power & Light Corp— lst&ref6s 1953 series A._A&O „ 103* 105* J&J lst& ref 5*s 1950 1st & ref 5*s July Deb 6s 1950 ser A Island Gas & Electric— A&O A&O P&A 8 f deb 5,*s 1957 80 76 102* 101* 105* Hydro El Bond & Sh 5s 1957M&N Hydro Elec Power Commission (Ontario) 3*s 1943 J&J 4^s due Jan 1, 1970 J&J T Bonds McLaren 1 '50.M&N M&N Isarco Hydro-Elec Co (Italy)— M&N 1st M s f 7s 1952 126 M&S ..A&O 3*s 110* 105 Hudson Hudson River Trac 5s 1950.M&S Huntington "Water Corp— 1st mtge 6s series A 1954. _M&S 3 Ms 1947 2 Ha 1942... Ask Iowa Southern Utilities coll 6s '43 with warr_J&D Co Gas 5s g 1949.-M&N 1st M 5s 1954 ser B 1st 5s ser O 1962 Bid Bonds Ask b Basis, f This price includes accrued interest. k Last sale, PUBLIC UTILITY BONDS 76 All bond pricos are "and Interest" except where marked "f" Quotations for all securities are as near as possible for the closing day of the NOTICE Bid lionds Montreal Tramways— 1st & ref g 5s 1941 opt—-J&J Gen Gen Gen Gen 83 % 54 M & ref 5s 1955 series A.A&O & ref 5s 1955 ser B.._A&O & ref s f 4Ms *55 ser O A&O & ref 5s 1955 ser D.A&O Mountain States Power Co— 30-yr 3%s debs 1968 Muncie Wat Works 5s " 1 68" 105M Morgantown Water 5s 1965—J&J 86 100M 100M -J&D 108M 105 M 1965.M&N 91" 101M 101M 108 % 1 lagara Falls Power— 1st & ref 3 Ms 1966 M&S lagara Lockport & Ont Power— 1st & ref 5s 1955 ser A A&O "ippon Elec Pow Ltd (Japan)— 1st mtge 6 Ms 1953 J&J "orf & Ports Bdge 6Ms '47--F& A 6 Ms ctfs of dep 1947 14 . 3Ms debentures 1954 109 S f deb 5 Ms 1956 forth Boston Ltg 98 M 99 M 99 % 99 M & 1M 99% 97 96 M r 98 M 99 National Power & Light— 112M 107M .F&A M&N Deb 6s series A 2026 Deb 5s 2030 ser B 108M 112M 108 M 57 62 45 50 37 106M 105M 106M 3Ms secured notes J&J Properties 1947 A&O f , -J&D -M&N 107 105 M 106M 34 102 102M 105 M 106 1M A. J&J 46 M 47 1957—M&N 92 M 94 1st coll & ref 5Ms '48 ser "orth Penn Gas Co— 1st M & lien 5Ms orth Shore Gas Co of Illinois— Joint 1st mtge 4s ser A '42.J&J 87% 74 113M 107M 23 M Debenture gold 5s 1978.-F&A Certificates of deposit Nat Toll Bridge 6s stmp *39. J&J Nebraska Pow 1st 4Mb 1981 -J&D ff 22V' 23 M fuoH 110M M&S 126M 80 M Nev Calif Elec 1st 5s 1956—.A&O Deb 6s July 97 1941 J&J Gas—See N Y New Amsterdam GELH&P _ 124 *48.J&D Newark Cons Gas con 5s 117M 101M Newark Gas 6s Apr 1 1944.-Q-J Newcastle (City of) W 5s '41 J&D New England G Deb g 5s 1947 & E Association 67 M 128 78 xl05% 125 IIII 67 Conv deb 5s 1950 67 67 M . 1st mtge 3 Ms 1964 "orthern Texas Elec Co— Coll tr ■ f g 5s 1940 opt orthern Utilities 1st lien 4-6s 1968 97% 98% S f reg J&J / M&N 125% 127 126 .... New Jersey Water Co— 1st mtge 5s 1950 F&A New Mex Gas conv 6s 1951 M&N 104. "orthwestern 73 109 102 105" cum 100 —.J&J Lake— J&J 1st & ref 581952 series A..A&O 100% f 102M Newport & Fall River 8t Ry— Consolidated 4 Ms 1954 J& 104 — 106M 1st & ref 5s 1944 108M 109 M 110 110M 97 M 95 M Gas- 99" 97 108 108M 108M 109 % 124M 125 M 118 118M 140M 148 121 123 98 9M 9M 99M 11 106 '44.J&J & Power Co— f 4s 1957 J&D 108 111M 110 105 % 106 H 95 r F&A J&D / 1st & cons 4s 1965 71 73 14 113 M 114M N Y & Queens Elec Lt & Pow— 1st & cons M 3 Ms 1965—M&! 108 108M New York Rys Corp— Prior lien 6s stpd 1958 107 107 M J& 82 / / Gas Co— 1st ref M 6s 1951 ser A..M 38 9 N. Y. & Richmond 105 % 106 N Y State El & Gas Corp— 1st 4Mb : M&N 1960 1st mtge 3 %s 1964 New York State Rys— / f 104M 105 M 103 M 106 104 108 106M 106M 8% 8% 9 9% New York Steam Corp— 105 M 105 % 107 M 107 M 106 M Co— Electric 103 % 108 M M&N A&O Pennsylvania Gas & Elec Co— 1st 1 & ref 5 Ms '55 ser A—M&S 100M 112 107M 108M 109M 108 J&D A&O 129 107M 107 M F&A 108M 108 % F&A 103 F&A F&A 102M hio Public Service Co— 1st mtge 4s, 1962 1940 3M-3 Ms 1941-42 3 Ms 1943-1944 4s 1945-1947 1 st. ref 4 / 93 M s f 5s . 102 102 % 110 ' 103 M 112 106M 106 107 M 104 27 104 M 1 28 4 82 83 M 61 105 63 M 106 105 M 117M 49 M 95 95 99 96 M 99 119M 17 104 98 97 30 102 M&N ..M&N M&N F&A 104 M 101 103 Company— 105 M 107 Duquesne Lt 1st 3Ms '65. J&D 12 Duquesne Trac 1st 5s '30.J&J 84 Pittsb Rys 5s 1953 A&O 2d Ave Tr 1st 5s 1934 J&D f 8 So Trac 1st & coll tr g 5s'50A&0 / 6 United Trac 5s 1997 ctfs..J&J 3M West End Trac con 5s '38.J&J / 8 Philadelphia Electric— 110M 1st & ref mtge 3 Msl967—M&S Philadelphia Electric Power Co— 114M 1st mtge 5Ms 1972 F&A Phila & Garretsford St Ry— 59 1st 5s 1955 F&A Philadelphia Rapid Transit— 99 M Coll tr g 5s 1957 opt s f—F&A 90 5 f guar 5s 1962 M&S 98 M 6s gold 1962.. M&S 102 1st m r e 6s 1944 J&J Darby Media & Ches St Ry 1st 4Ms 1936 J&J / 22 M Hest Mantua & Fairm— 1st extd 5Msl939 M&N / 83 Market Street Elev Pass Ry 1st g gu 4s 1955 100M M& Union 117 117 Secured gold 5s 1967 J&D Ardmore Street 5s 1958..A&0 108 * 116 118 J&D 1st & ref 5s 1950 88 91 98 w—F&A w w Prior lien 5s 1948 1st con 5s 1948 81 J&J D '61. J&D 5s' 47 M&N Peoples Light & Power Corp— 1st lien 5 Ms 1941 J&J Conv deb 5s 1979.. J&J Peoples Light & Power Co— 1st lien coll 3 6s 1961 J&J Peoples Telep (Butler, Pa)— 4s I960... J&D Peoples Tract—See Phila R T Peoples Water Service (Md)— Philadelphia Valley Water 5s 1954—Jc! A 1958.F& 1st mtge 4s 1964 —J&D klahoma Gas & Electric— 1st mtge 3 Ms 1966 J&D Debentures 4s 1946—-...J&D Oklahoma Natural Gas— 1st mtge 3Ms ser B 1955._F&A Oklahoma Power & Water— 1st M 5s 1948 ser A --F&A Oklahoma Ry 1st & ref 5s '41 .J&J Income 5s 1990 Apr 1 Old Dominion Pow 5s May 15 '51 Omaha & Council Bluffs St Ry— 1st extd 4s 1947 ——Jf&J Ontario Pow 5s'43 op to 13.F&A Ontario Transmission Co Ltd— 1st gu £ 5s *45 opt bef '16.M&N Oregon Elec Ry 3s 1958 —M&S Oregon-Washington Water Serv— 1st M 5s 1957 ser A——J&D Ottawa El Ry 4M8 *48-'55_J&J ' A *67-F&A ser 85 Peoples Gas (N J) 1st 5s *68. J&D 88 Istsf 5 Ms 1960 J&D 21M Peoples G & Fuel 6 Ms ww'37 A&O / People's G L & Coke, Chicago— 1st cons g 6s 1943 115M A&O 116M Refunding gold 5s 1947..M&S 95 M 1st & ref 4s 1981 ser BJ J&J 1st consol 4s 1948.. 91 <• 105M 105 M 95 M 1954 Peoria Water Works Co— 38 • 105 % 105 H 1st 100 (with warr).. 73 108M 107 M 1103 Ms 196ft sor B 1st lien 6s A 1949 w Peoria Service Co— 100 M 98 M F&A 86 Refmtg&colltr3Msl964 J&D Ref mtg & coll tr 3Ms '70.. J&J Mutual Fuel Gas g M&N 93 M&S L&Ry 5a 1958 Pennsylvania Gas & Elec Corp— Deb gold 6s 1976 ser A—.M&S Pennsylvania Pow & Light Co— 1st mtge 3 Ms 1969 F&A 4 Ms debentures 1974 F&A Pennsylvania State Water Corp— 1st & ref mtge 4s ser 109 1st mtge 4s 1967-— M&S 107 M 1st mtge 3 Ms 1972 -J&J _hio Elec Pow 1st M 5s '57-J&^ d 105M hio Water Serv 5s 108 1 st & ref 4s 1971 ser F 1st & ref 5s ser H 1962 Penn Wat Serv 5s 99M 100 1st M coll tr 5Ms '53 ser A.J&J hio Edison Co— hio - 100 103 % 1st coll trust 4Ms 1966—M&N Penn Telep 1st M 4s 1965..A&O t 105 106 Penn Water 1st. 3 Ms A '67—F&A Penn Water & Power Co— 73 N'western Telog 1 st 4 Ms 1st 6Ms 1943 7 Ms 1943 F&A M&N ..F&A Pennsylvania N Y Gas Elec LH&P Co- New Amster Gas 5s 1948.. 106 11 1st 8M 8% Northwestern Pub Serv Co— 1st M 5s ser A 1957 J&J 3s M&N 88 M 68 16 13 15 101% Penn Public Service Corp— 1st & ref 6s ser O 1947 M&N 1st & ref 58 series D 1954 .J&D Notes— ■ New York Edison Co— 125M M&N Penn-Jersey Water— 1st coll 5Ms 1960 Penn-Ohio Edison Co— Deb g 6s 1950 ser A Deb 5Ms 1959 ser B 35 73 Deb g 6s 2024 1st mtge 3 Ms 1968 102 M 12 Elec & 1964 1st & ref 4 Ms 1977 1st 5s 1979 Ohio Power Co— Newport Water 5s 1953 B New Rochelle Wat 5 Ms '51.lv 1st 5s series B 1951 M&N Gas 68 104 M •••»•. Passaic & Non-cum inc deb 6s 1950.M&N Penn Central Light & Power Co— 99 M 111M 105M 115 108M 110M 104 M Parr Shoals Pow 5s 1952...A&0 Paterson Ext extd 5s 1950 J&D , / / income 5s 1953..A&0 / 1956 berpfalz Elec 7s 1946 104M 101 % 102% 1955 5s 106 M&N y 103M (Chic)— 18 104 M 104 % 93 M M _ Deb 5s 107 / 26 F&A Pacific Telephone & Telegraph— Ref mtgle3 Ms ser B1966. .A&O Ref mtge 3 Ms ser O 1966. J&D 1st 65 orthwestern Power Co Ltd— 1st M s f conv 6s '60 ser A.J&J Certificates of deposit 1st M s Serv— Pecos Valley Power & Light Co 1st extended 6Ms 1950.-M&N Y PA NJ Utilities- 107 Pub 102 130M 127 M "ova Scotia Light New Mexico Power— Northwest Conv deb 6s 1950——M&S / Pacific Power & Light Co— 101* ■ [orthwestern Light & Power— 6s series B 1950 F&A 1st 70 Elevated 108 % 110 102 66 M 10 0 / 1st mtge 5s 1941 opt M&S Union El (Loop) 5s g'45__A&0 99 r 108M Y & East River NYGELH&P 111% 111M J&J 87 income 3-6 Ms May 1 '69 "orthwestern Electric— 1st 6s stamped 1945 112M N 75 109 % 1st & ref M 3 Ms ser I 1966. J&D Pacific Light & Power Co— 1st 5s, 1942. J&J consol gold 5s 1949 ,_.M&S Paterson & State Line Traction— Co— "orthwest Louisiana Gas— 1st M 6 Ms 1936 with warr. J& A&O 1st s f 7s 1946 Mi New Orleans Pub Service Co— 48 M Pacific Gas & Electric Co— 1st & ref M 6s 1941 ser B.J&D 1st & ref M 4s ser G 1964..J&D Paterson 106 M&S 109 M 1st & ref 4Ms O 1981 M&S 4Mb 1983 M&N N J & Hud Riv Ry & Ferry— 1st gold 4s 1950 M&8 N J Pow & Lt 1st 4Ms '60—A&O 1st s f 5s 1943 50 M 32 Refunding 5s 1961 M&S Los Angeles Pacific Co— 1st ref g 4s 1950 opt '15.. J&J Los Angeles Pacific KR— 1st & ref mtge 5s 1943.M&S 5s 126M 1st & ref M 3 Ms 1967. F&A orthern States Power (Wis)— 68 107 M 1st mtge 58 1958 New Orleans City & 101M 103 M 99 M Paterson Ry—See Pub Serv Corp Pecos Valley Gasext6 Ms '44M&N 129 1st lien & ref 7s 1946 A—.M&N 1st lien & ref 6s 1947 B...M&N 96 M New Haven Water— 1st & ref 4 Ms B 1970 M&S s 105M 57 65 97 100M F&A 1st & ref 58 1956 ser A...J&D 1st & ref 58 1962 A&O forthern States Power (Minn)— Oonv deb 5s 1948— M&S 1st 3 Ms series A 1969 81M 98 M 67 M 67 M J&D M&N Convertible deb 5s 1962—J&J New Engl Pow Assn 5s* 1948.A&O Deb 5Ms 1954 J&D New England Power— 3 series A 1961...—M&N New England Tel & Tel— 1st 5s 1952 series A J&D 1st 4Mb 1961 ser B M&N Newfoundland Light & Power— 1sts f 4Mb 1956 J&J 98 104 f 5s 1952.. M&S Pacific Coast Power 5s 1940-M&S Pacific Elec Ry g 5s 1942 J&J 1st mtge 3 Ms 1969 Ozark Power & Water Co— Pacific 101 National Public Service Corp— Deb 6s 2022— 84 3-3 Ms 1940-1948. A&O Otter Tail Power Co (Minn)— 1st mtge 4s 1961 ...J&J 1 st & ref M 3 Ms ser H '61 .J&D 1953.F&A — Bid 1st r 108 M J&J f Nat Lt & Pow 6s 1949. 93 M 111M F&A F&A F&A 4s debentures 1959 1st 5s 1951 M&N Nassau El RR—See Bklvn Queens Nassau & Suff Ltge 5s 1945. _F&A 5s stamped 1978 Nat Gas & El Corp 5s 58 series B 1947 110M forth American Co— Mutual Un Tel—See West. Un Tel Narrangansett Electric Co— 1st mtge 3 Ms 1966 J&J Nashville Gas & Heating Co— National Electric Power Co—■ 93 1st M 5s 1951 ser A M&N Y & Westchester Lighting— 3 Ms debentures 1949 Municipal GaB & El Corp of Reckinghausen 7sl947 —J&D / Mut Fuel Gas-See Peoples GL&C 110M Ref mtge 3 Ms ser B 1967—J&J Y Water Service Corp— Bonds Ottawa Light Heat & Power— Ref & coll tr 4s 1957 A&O Serial notes— Ask See N Y Gas Elec Lt & Pow ] 24 J&J J&J 1st M 6s 1938 series B Mountain States Tel & Tel—■ 1 85 i 54 M Bid Bonds 54 M Mount Hope Bridge 5s 1969. J&D / 2d income 8s Dec 15 1969 1st & ref 5s 1938 Ask and Income and defaulted bonds month preceding the date of issue 8 5 110M 115 60 101 99 M 104 .... .... 101M Traction— Elec & Peo 4s tr ctfs *45. AS / 13 M f 18 14 People's Traction Co— 94 * Called Mar, 16 at k Last sale, n 102. Nominal, r t Called April 1 at 105. t Called Mar. 1 at 103. 6 Basis, d Called June 1 at 104%\ Payable in Canadian funds, x Called May 1 at 105. y Called May 1 at 103. /This price includes accrued interest. NOTICE—All bond prices Bid Bonds Suburban Water Co— f 4s 1965 M&S Phlla 1st ► 107% * 57 84% J&J J&J Rhine-Westphalia El Pr (Germ'v) Mtge g 7s 1950 M&N Direct mtge 6s 1952-—.M&N Con mtge 6s 1953 F&A Cons 68 1955 A&O Richmond (Ind) W W Corp— 1st M 5s 1957 -M&N Richmond (S I) Lt & RR— 1st coll tr b 4s 1952 j&J 108% 57% 85% Phlla & West Chester Traction— 39 J&J J&J 1st 4s 1954 1st 6s 1954 Phlla & Western Ry 5s 49 4% 1960-J&J / Rio Grande Philippine Long Distance Tel— 1st 8 J&J f 6s series A 1953 r 1927-A&0 f 1940----- Pittsburgh Trac 1st 5s 1942365 12 __ . m 5s Edison Co— ■ . • „ 91% 87% 94 102% 1957—J&D Oonv deb 5s ser A 24% 87 r F&A 1954—__-F&A 1952—J&D Public Service Co of Colorado—1st mtge 3%s 1964 J&D Public Gas &Ooke 5s 4« s f debs 1949 104 % 100% 106 % 89 102" 3%s 3%s 3%s 3%s 3 %s I 3%s 3 %8 3 %s 3%s 3%s 3%s 3 ys 3 %s 3 %s 3%s 3%s 3%s 3 %s 3%s Sept Mar Sept Mar Sept TVTa.r Mar Sept Mar Sept Mar Sept Mar Sept Mar Sept Mar Sept M ar Sept 1 1 1 1 45 M&S 101% 101 102% Jan 1 1942 — M&S 15 1964-_ f 99 100.14 103% 102.75 102 99% 1 1947 98% 1 1948 97.25 98 99"53 98~.78 1 1948 96.75 98.36 1 1949 96.50 97.91 1 1949 96% 3%s ser O 1960--F&A '60--M&N | '1st 3 %s series E 1961F&A 1st 3%s series F 1966 J&d 157 1946 -J&J 104 Ry debenture 4 %s 1943.-j&D Savannah Electric & Power Co— 1st & ref M 5s ser F 1955-M&S 158 Savannah Elec Co 5s g '52_J&J 81 1st g Eliz & Raritan Riv 5s '54.M&N 86 Elizabeth & Trent 5s '62-A&0 103 J O Hob & Pat 4s 1949-_.M&N 70 Peterson Ry— 2d 6s '14 ext 5% to So '44-A&O Jeisey Gas El & Trac— 95 1.1953.M&S 128 Guar g 5s March Public Service Co of Nor 111— 1st mtge3%s 1968 A&O A&O Schenectady Ry 1st 5s Mar 1, '46 Scioto Val Ry & Pr 1st 6s '43-J&D Sayre (Pa) Elec 5a 1947- 90 M&S Scranton-Spg Brook Water Serv— 100 1st & ref fis 1967 F&A A F&A 1st & ref 5s series B1961.F&A Scranton Trans ser A 5s'59_A&0 108 108% 106% 107% 4s series Public Service Co or Oklahoma— 1st mtge 4s ser A 1966 Serial debentures— ser B1959 A&O M&S 4s Feb 1 1943 103 Shawinigan Water & Power Co— 1st M&col s f 4%s'67 ser A A&O 1st coll tr 4%s ser D '70-A&O 102 101 ►tfublic Service Co of Pa— 1st lien & coll 5%s *53 1st coll tr 4s j&D 70 75 A&O J&j J&j ..j&D Public Utilities Consol Corp— 1st M 5Hb 1948 M&S 1st coll 4-5 %s 1948 A&O Puerto Rico El Pow 4s to '56.J&J Puget Sound Power & Light— i 1st & ref 5%s 1949 &D 1st & ref 5s 1950 ser C M&N /"lst & ref 4%s 1950 ser D.j&D Quebec Power— 1st & coll 4sl962 M&S Queensboro Gas & El 5s '52.J&j Oonv g deb 5%s *52 ser A. A&O Republic Service Corp— 1st coll trust 5s 1951 j&D Union— j&j / 111% 112 147 150 4s series B 66 100 88 68% Sierra Pacific Power Co— 1st & ref 5s 1960 ser A 1st 5%s ser B 1957 M&S M&S 97% 98 94% 92% 95 Silesia Elec Corp s f 6 %s'46 -F&A 92% Sioux City Gas & Electric Co— 80 118 1st mtge 4s 1966 Serial debentures— 81% 3s 1940-41 1947 M&S 73 1st 6s C 1947 j&d 73 series 111% 108% 1st mtge 3%s ser A 1970-.f&A Southwestern Light & Pow Co— 103% 103% 102% 1st mtge 3%s ser A 1969.-J&d Southwestern Power & Light— 103% 104% 105 Deb g 6s 2022 series A M&S Southwestern Public Service Co— 100 101% 107% 108% M&n * 1st 4s series D 1960 107% 1st M 108 s States 1st 6s 1949 — - 111% Springfield (Mass) St Ry— Ref & gen 6s 1940 M&S Stamford Water 1st 5s 1952.-J&j 19 134% 112" 5 92" 104% 94% 95% 94 95 70 55 73 58 100% 75 77% 74% 79% 109 106 103 104% 105% 35% 36% 127 Convertible notes— 1 '48—-A&O A&O 6s stmp ext May 1 '48 Debenture 6s 1951 F&A J&d Debenture 6s 1906 92 104 74 72 Standard Gas & Elec of Del.— 105 90% M&S Spokane Gas & Fuel 5s 1944-F&A Spring Brook Water Supply— 1st ref 5s 1965 A&O Spring Val Util ref 6s1943—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 106% 106% 110% 105% Telep Co— 1948—— 6s stmp ext May 90 J&j f 6s 1945 ser A 1st M 6s % 133% 106 60 60 62 60% 62 60 62 61% 6s gold debs 1957 F&A Standard Power & Light Corp— 60 61% Deb g 6s 1957 Standard Public Service 61 62 73% 73% 75% F&A Corp— F&A J&d 1st lien 68 series A 1948 1st lien 6s 1948 ser b Standard Telephone Co— 1st 1 coll tr 5%s '43 >er A.M&n / Certificates of deposit / 89 89 13 13% M&n/ A&O / Steubenville Wellsburg & Weir ton Ry 1st 5s 1951 A&O / 20 Syracuse Gas g 5s 1946 j&J 118 Syracuse Lighting 5s g 1951-j&D 129 Syrac Rap Tr 1st g 5s 1940-M&S / 17% 2nd mortgage 5s 1930 j&J / 4% Taiwan El Pow s f 5%s 1971-J&j 56% Tampa (Fla) Gas 5%s '58--A&O 95% Stettin Pub Util 7s 1940 1st 5s A&O 1961 •II- lS % 5% 58 96% 93 95 76% 77% 97% 98% Telephone Bond & Share Co— Deb 5s 95 94% 79% 100% 101% 96 95 82 101% 102 62% 67% 65 68 Telephone Service (Ohio)— 5s 1953 M&N Temescal Water 1st 5s A *60 M&N 13% J&J 105% J&J J&J 101 103 Sioux City (la) Serv 6sl951-J&J Somerset Un & Middlessex Ltg— 101 73% 104 19% Mtge g 4s Dec 1, 1943.—j&d South Bay Consolidated Water— 1st ref 5s 1950 M&N South Carolina Power Co— 1st hen & ref 5s 1957 J&J 81 105% F&A 1st M 5s 1943 s f 6s series A 1955. _-M&N 1st M j&J / opt—J&J jf Texas Electric Service Co— 1st mtge 5s 1960 Texas Gas Utilities Co— 1st mtge 6s ser A 1956 Texas Pow Corp 6s 1950 General 100% 96% 45% 46" g 6%s 1956 Texas Power & Light— Deb g 6s 2022 ser A 1st & ref 5s 1956 100% 103 101 5s 1944 M&N 109% Terre Haute W W Corp— 1st M 6s 1949 s hp A j&D J 1st M 5s 1956 ser B F&A J Texarkana Wat 1st 5s '58—F&A 105% con J&J 1st 2-6s 1951 M&S / Texas Hydro Electric Corp— 103 100 Tennessee Eastern Elec Co— Texas Elec Ry 5s 1947 Tex Trac 1st 5s 1937 106 103 96% j&D 1958 Terni Hydro Elec 6%s 1953-F&A Terre Haute Traction & Light— 102 72 14% B 107 % 95 5s 1942-1946 10 1st 6s series Ref A&O Shinyetsu Elec Pow (Japan)— 1st sink fund 6%s 1952 J&d Shrevp't Bdge & Term 5s'55_F&A Shreveport Rys— Gen Income 4s (whs) 1957-A&O 222 86% 1961 40 S'west Pub Serv 6%s 1937--M&S Southwest Telephone Co*— 1st & ref M 3s ser C 1968—J&J Southwestern Gas & Elec Co— Shenango Valley Water— Public Service Elec & Gas Co— Rhine-Ruhr Wat Serv Extl deb 6s 1953 F 1961 1st coll tr 4s ser G 1969—J&D Conv coll sec 3%s 1946—M&N . 1st & ref M 3 %s 1968 1st & ref 5s 2037 1st & ref 8s 2037 ser 38% 108 10 16 Lighting 1944—Co— / 111% 65% 74% Second Ave Trac—See Phila Co— 100% Non-cum 6s (ws) 1951— Southern Utah Power Co— 106% 9 15 104 4s Feb 1 1946-.- Southern United Gas Co— Southwestern Bell Telephone— 1st & ref M 3 %s ser B *64. J&d 64% 73 5s 96% 80 96 Conv deb 6s ser A 1932 J&d Southwestern Assoc Telep Co— 1st M 5s 1961 A&O 107 A&O 102% 4s Feb 1 1944 106 M&N 4s Feb 1 1941 4s Feb 1 1945 102 Income 3sApr 1 1959 4s Feb 1 1942 128" 56 102 Seattle Gas 1st 5s 1954 Seattle 1st A&O A&O 6s 1942—A&O Oonv deb6s 1938 Scranton Gas & Water Co— 1st 4%s 1958 107 88% M&N/ 106% 102 S'west Nat Gas Inc 6s 1966--A&O Corp— 1st mtge 3%s ser A 1961 J&d Santa Barb Tel 3%s ser O'60 j&J 105% 101% 106% 78% 126 Gas— 1st & ref 5%s series 11945 1st & ref inc 5 %s ser IP45 s f 105% Corp— Southwest Gas Co (Okla)— 1st s f 6s 1954 M&N San Jose Water Works— Elhs Plalnf & Cent Jersey Union Southwestern B—fe&S 49% 106% 120 100 Apr 15 1940 4s Apr 151941—— 103 4s Apr 15 1942 104 4s Apr 15 1943 104% 4s Apr 15 1944 102% 4s Apr 15 1945 101% 4s Apr 15 1946 101 4s Apr 15 1947 101 4s Apr 151948 101 San Diego Consol Gas & Elec— 1st mtge 4sMay 1 1965—M&N 111% San Diego Co Wat 6s A '62-M&S 1105 San Francisco Bay Toll Bridge— 1st M sink fund 6%s '57-M&N / 17% 104% Ry— 5s Dec 1. 1950---J&J 108% 97% 83% 47 105% 105 111 Public Service Corp of N J— Trust certs 6% perpet—M&N 5s 35" South N E Telep 1st 5s 1948.J&d Southern Trac—See Phila Co 4s Debs f 7s 1942 107 1st M 5%s May 1. I960—M&S Southside Va Pow 5s 1956--F&A F&A Sandwich Windsor & Amherstb'g 1st 94% 81% A&O 52 106"" 108 115 A&O r Southern Colorado Power Co— 10-year coll M&S M&S San Joaquin Lt & Power Unif & ref 6s 1952 ser 108% 108% 105% A&O 67 F&A 1st mtge 4s 1963 Serial notes— 101 101 104 110% 104% Adj mtge inc Jan 1 6s '60-A&O 1st M pipelines f4%s'51 A&O Southern Neb Pow 5%s B'47 J&J San Antonio Public Service— 104.78 104.85 104.74 104.34 103.87 103.17 102.27 101.16 110% A&O Southern Natural Gas 102 San Angelo Telep 1st 5s 1958 F&A San Antonio Gas & Electric— 103 104 17 104 5sl949 104 65% 50% A&O 6s 1940-1943 106% 107% 1st M & ref 4s Aug 1 *65. F&A Southern California Water— 59 Salt River Val Water Users Assn 104 102 1946 1 1947 Sub / 10856 108% 60% 106 1948—-M&N Guar 5s 1952- 103% 105% 59 56 Salmon River Power- 101 1940. 1941. 1941. 1942 1st mtge 3 Ha ser D Camden / / 1960..j&J 1st g 6s 1947 series A J&j Southern Counties Gas (Calif)— 1st M 4%s 1968 M&N 101 / 1 i960-j&j Southern St Paul Gas Light— Gen gold 5s 1944 16 47 109% 109% Ref mtge 3%s May Ref mtge 3 %s ser b Southern California Gas Co— 1st & ref 4%s 1961 M&S 1st lien & coll 5s 1958 108% St Louis Public Service— Public Service Co of N H— 1st mtge 1951-.—M&S 1930—..A&O / 1st mtge 5s 1959 Conv n-c inc 4s May 103% Southern Cities Utilities Co— 108 4%s Jan 1 1943 St Joseph Water 4s A 1966—A&O St Louis Co Gas 1st 5s 1951-A&O Pub Serv Co of Indiana— 1st mtge 4s ser A 1969 Serial debentures— 111% 107% 4s Provincial Light Heat & Power 5s 1946—--------M&S r 110 Prussian Elec 6s 3%s ser I 1967-M&S Gen mtge 3%s ser J 1969-M&S Rochester & Lake Ontario 1st mtge s f 4%s 1979 J&D Saguenay Power 4 %s A 1966 A&O 1st 4%s series B 1966 A&O St Clair County (111) Gas & El— 1st cons guar 5s 1959 M&S St Joseph Ry, Lt Heat & Power— 1st mtge 4%s 1947 J&d Serial debentures— 108% 110% 108 10351 4%s 1962 Safe Harbor Water Pow Corp— 87 109 % '49.-J&D Providence Gas 4s ser B 1963 121% Gen M 4%s May 1st s f 48 Oct 1945 73% 107% 10751 J&j 1979 Southern California Edison— 1st M 4 %s 1960 Southern Canada Power— Gen mtge4%s 1977ser D-M&S Gen 3%s series H 1967—M&S 3%s Jan 1 1941 Power Corp of Canada Ltd—_ Conv deb 4 %s 1959 Ser B_M&S Power Secur coll tr 6s 65 88 Rumford Falls Power— „ 107% 110% 86% Deb g 5s 1953 M&S Rochester Gas & Elec Corp— 1933 ctfs of dep.—j&d Rochester Transit Corp— S f4%sinc A notes 1958.M&S S f 4%s inc B notes 1958-M&8 Rome (Ga) Ry & L 5s '46 A&O Ruhr Gas Corp 6%s '53 A--A&O 1945—M&N 1st mtge 5s 1956 ser E—M&N 1st M 4%s 1961 series F—A&O Potomac Electric Power— 1st mtge 3%s 1966 J&J 106% 87 85 105 'd 5s g Porto RIcan Power 6s 1950-M&N r Porto Rlcan Rys Ltd 5s 1962M&N r Potomac 105% Valley Gas Co— Water extend 5s Roch Ry cons 5s g 19% ^ 98% 100% 98 Porto Rico Telep 6s 1944—J&d 105 Postal Tel eg & Cable 5s '53-J&J / 24% con 3d" 15 59 111% & Teleg— 3%« debentures 1962 .A&O 3s debentures Gen mtge 107% '61-M&M 96 4%s '58—M&N 13 Pomeranla Elec 6s 1953 M&N 18% Portland Elec Pow 6s 1950-M&S / Portland (Ore) Gas & Coke— 90% 1st & ref g 5s '40 opt '20—J&J 86 Certificates of deposit-—-- - / 1st l'n & gen 4%s 1940—J&J 90 Portland Gas Co 1st 5s 1951 -F&A 103 Portland(Me) Gas L 5s A'50 A&O 101% Portland General Elec Co— 1st & ref 4%s 196u M&S 73 1st M 5s exten to 1950 J&J 107 Portland (Me) RR 3 %s 1951 - J&J 85 10 54 111% Southern Bell Telep 105 Ry & El 5s 1953.-F&A Roanoke j&D / j&D 1st lien 6s 1944 1st lien 6s x-w 1941 S'eastern P & L deb 6s 2025.M&S Rochester Central Power Corp— 100 Platte Val Tel 1st 1st 1 & 45% Ask Cor Southeastern Gas & Water Co— 15% 14% 14% 14% _ 103 M&S -list 1 & ref 5s 1958 / 5s 1950 -A&O Roanoke (Va) Gas Light— 1st 5%s 1951 F&A Piedmont Plainfield G & E gen 5s Plainfield-Un Wat 5s A f / / I Bid Bonds Ask South Jer G E & T—See Pub Serv ice 1st mtge 100 Hydro-El Co (Italy)— 45 1st & ref b f 6 %s 1960 ser A A&O 101% Pinellas Wat Co 5%s 1959-M&S 6 Pitts Canonsburg & Wash 5s 1937 / Pittsburgh Rys—See Phila Co Pittsburgh Suburban Water Serv Bid Bonds Ask Co— ' Income and defaulted bonds possible for the closing day of the month preceding the date of issue "and Interest" except where marked "f" and are Quotations for all securities are as near as Phila Transportation Cons 3-6s 2039 1st & ret 4s 1960 77 public utility bonds march, 1940] A&O M&S M&S J&j M&n Texas Pub Serv 1st 5s (w-s) 1961Texas Traction Co 5s 1937-.J&J 4% 4% 105% 5 5 105% 20 22 86% 88 101 97 117 118% 107% 108 98% 98 1 H ♦ terest. Called March 21 at 104. ft Last sale, n t Called March 1 at 105. Nominal, \ t Redeemed Feb. 10 at 101. r Payable in Canadian funds, a Average price. 6 Basis. /This price includes accrued in¬ ' PUBLIC 78 UTILITY BONDS NOTICE—All bond prices are "and interest" except where marked "f" and tncom* 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 Union 37. Ave RR 1st 5s g Ry 1st 5s g 1942 . Ask 55% 1834 97 24 56 75 82 18% 9924 65 58"" 53 % 101% Toho Electric Power (Japan)— 62% 10734 63 West 77% 12434 80% 126 Twin City Rapid Transit Colst lien &ref 5%s A 1952_-J-~— 1st lien & ref 5 34s B J 952. -J&J Twin States Gas & Electric— 1st 1 & ref 5%s 1945 Ser A M&! Tyrol Hydro-Electric Pow Co— 1st M s f 7%s 1955-—M&N f Guar s f 7s 1952---F&A / UJlgawa Elec Power (Japan)— 1st M s f 7s 1945 Mac 81 Union Electric Co of Missouri— 1st mtge & coll tr 3 24 s 1962 J& 3% notes, 1942----------J& Union Elev RR—See N W Elev Union Gas & El 1st ext 5s '40M&S Union Gas Co. of Canada— 1st serial 4s 1939^42 J&p 1st serial 4%s 1943-45 J&D r 1st 4%s 1950 J&D Union Gas System— 1st M & colls f 5s 1948—J&D Union Passenger Railway— A&O 1st 4s Mar 31 1961 2d ext 4s Mar 31 1960 A&O Union Ry—See Third Ave Ry Union Traction—See Phlla R T Union Water Service Co— First lien 5%s *51 ser A.M&N Unit Elec Co or N J 4s '49—J&D United Elec Rys (Providence)— Gen ref M 5s Jan 1951 ear 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 5%s 1948 J&J r United Light & Power Co— Deb g 6%s1974--------M&N 1st 1 & consol 5%s 1959--A&O Deb g 6s 1975 M&N 65% 6134 10724 103"" s 75 118% 101% 90 __l 103 Westmoreland 1st M 5s 1941 opt Wichita Water 6s 1949 6 38% 39 M&N 56% 56% g 9924 101 99 J&D / J&D 100% 534s 1947 F&a 5s stamped 1959 F&A 100% Utilities Public Service Co— Conv 6s 1933 J&D / 15 Vermont LtgjCorp 1st 5s'44 A&O / Vesten Elec Ry 7s 1947 .J&D / Virginia Electric & Power— 1st & ref M 334s B 1968—M&S Virginia Public Service Co— 1st & ref 5 %s 1946 ser A F&A .J&D 1st & ref 5s 1950 ser B M 6s 1955 1st lien & ref 6s - -- - 10134 100% 10124 99% 68 8034 86% ' Mt * 14% 105 82 34 66 34 60 10724 10834 10134 10224 102 15" com 10924 Birmingham Gas common $3.50 prior preferred $6 preferred cum preferred • 10434 Boston 146 Edison Co 100 Ry com Brazilian Tr Lt & Pow ord_. * * Traction. American Light & 113 100 6% preferred- 25 25 * $6 preferred. $5 preferred- * * Amer Public Serv 7% pref—.100 American Service $3 preferred-.* Amer States Utility com 534% preferred Amer Superpower Corp com First $6 preferred...— 112 98 106% 107 734 734 8 8 / Flat price, c Preferred $6 series — 1 25 * * ... American Telep & Teleg Amer Utilities Service com 6% preferred * 100 * 25 * * k Last sale, n Nominal, r 114 49 7% 36 20 36 34 _.* 2134 L_* 1 C--25 100 * 150 Brooklyn Edison Bklyn Manhat Transit $6 preferred series A * Certificates of deposit * Bklyn & Queens Transit com * $6 preferred * Certificates of deposit * Bklyn Teleg & Mess'ger (gu)-100 Brooklyn Union Gas * Buffalo Niagara & East Power— $1.60 prior preferred 26 $5 1st pref * 6 19% 80% 56 34 1% 52 17% 60 21% 2134 102 Oable & Wireless Ltd— 10824 Ordinary shares 106 10624 Amer dep rec 734% Amer dep rec B ord Amer dep rets 534 % 100 104 110 109% 44 46 ........ A ord—£1 £1 prer £1 Oalif-Oregon Power Co— 6% preferred series of 1927 100 6% preferred 100 Calif Water Serv 6% pref 100 Calif Water & Telep 6%pref 25 Camden & Rockland Water..100 ...100 6% preferred Canada Nor Pow * com 1 Canadian Marconi 91 21 10434 10424 117 94 95 9134 96 108 60 224 134 .2% 1 23 23% 5 6 19 20 %6 34% 113 34 224 24 1534 3434 11224 234 34 1534 28 2934 $6 preferred * * 103 Cent Arkan Pub Serv Corp pf 100 Central Elec and Tel com 1 104 6 % preferred Cent Hud G & El com.. 15% -—100 115 Cent Illinois Light 4 34% pref.100 Cent 111 Pub Serv $6 pref * 113 624 924 100 100 100 .... Cent & S W Util 50c com— Preferred Prior lieu * preferred.. * Central States Pow & L $7 Chic City & Con com part Pref partic ctfs 734 9% 9834 109 100 34 92 34 109 34 100 3-4 34 55J4 112 1 5 1 5 ctfis—* * Chicago Rys partic ctfs ser 1..100 Series 4 Preferred Preferred B Preferred BB Cities Serv Pr & Lt $6 pref $7 preferred 50 10 100 * —* 107% 2% 98 4% 5524 4% 5134 108 224 99 434 5624 534 58 * 97 99 • 100 104 115 112 Citizens Utilities com Ex-dividend. 34 10G -—100 100 110 x 6634 100 105 11434 Canadian price, 70 100 * Citizens' Pass Ry—See Phila R T Citizens Traction—See Phila Co 95 7924 pf--* pf-* Central States Edison Cent Vermont Pub Serv 6% Central W est Co. vt c Cincin & Suburb Bell Telep Cities Service com.— 13 1.05 42 34 * 68 25c 10834 50 Cincinnati Gas & Elec 5% pf 100 Cincinnati Street Ry 50 17234 34 97 11 17 15c 1 95 Series 3 224 1624 14 Central Arizona Lt & Power Co— Series 2 18 1 99 155 94 17 , 37 -100 46 234 1634 24 6634 1224 17124 84 ......100 Carolina Tel & Tel 92 56 84 104 34 26 Casco Bay Lt & Water.......100 324 5534 4534 3% 34 %6 324 105 $7 preferred 100 134 Capital Transit (Wash, D C) 100 Carolina Pow & Light $7 pref $6 preferred. * 6% preferred % • Amer Power & Light com 46% 100 Bridgeport Gas Light Bridgeport Hydraulic Co Brit Col Pow Corp A 108 i 100 • 334 Birmingham Wat Wks 6% pf.100 Blackstone Vai Gas & El pref.100 6% preferred..— $7 preferred Central N Y Power Corp— 5% preferred -100 Cent Ohio Lt & Pow 6% pf * Central Pow & Light 7% pref 100 6% preferred 100 24% 8534 58 99 4 82 80 4634 95 10 56 10 Central Maine Pow $6 pref rr 4% 166 2 50 Cent Indiana Gas 634% pref.100 Cent Indiana Power 7% pref 100 -r 4 12334 Telep of Pa 634% pref ..100 Boverly Gas & Elec 25 100 Birmingham Elec $7 pref ._* $6 preferred..* 89 t 110 Bell 9834 '' 130 101 9734 W—■ 50c Beaver Valley Water 6% pref.100 Bell Telephone (Canada) 100 88 74% 135 * - 107 Allegheny Traction—See Phila Co Allentown Beth Gas pref 50 Corp—__5 Amer & Foreign Pow com * $7 preferred* $7 second 2nd pref series A—* $6 cum pref —♦ 134 11934 1.75 * Amer Cable & Radio 18 106 21% com Brockton Gas Light Co v 108% 17 -25 -100 100 Hudson River Bdge..* t c Class B 102 6 2634 —100 v $6 preferred * $5 preferred * Alabama Water Service 6% pref.* Alabama Power $7 pref— 74 71 109 Preferred 434% preferred 73 130 Bait Transit Govt c Bangor Hydro Elec 7% preferred 6% preferred Boston Elevated PUBLIC UTILITY STKS. Appalachian El Pow 7% pref 6% preferred ---* b Basis. 70 7634 $6 1st preferred No par value, 6634 7034 7234 Amer Wat Wks & Elec com. * 6534 4 102 87 »• -- Cum income 6s (w s) 1952-J&D Wuerttemberg (Germany)—See Consol Hydro-Elec of Wyoming Vail P 8 6s 1971—A&O Yadkin River Pow 1st 5s '41 A&O Yonkers Ry—See Third Ave Ry 73 45 deposit. 102 71 Amer Gas & Power com 1960-F&A Washington Gas Lt 5s '60..M&N Washington Ry & Elec Co— Consolidated 4s 1951 J&D Anacost & Pot 5s 1949 A&O 1st guar 5s 1949 A&O City & Sub 5s g 1948 F&A Washington Water Pewer Co— 1st mtge 3 34s 1964 J&D Waterloo Ced Falls & No Ry— Certificates of 101 67 5s '37 opt.J&D 5s stamped 1947 J&D * .100 Biddeford & Saco Water 102 34 102 103 69 / / 10234 10034 York Rys 1st M ? X * Glass A Beauharnois Power 101 York (Pa) Gas 1st 5s 1941 _M&N York Haven Wat&P 1st 5s'5lJ&D * * Atlanta Gas Light 6% pref. Atlantic City Elec $6 pref Bear 103 4s June 1 1946 Wisconsin Public Service Corp— 1st mtge 4s 1961 J&D Wolverine Pow adj 4 34s Mar 1 '59 Worcester Transit Association— Cum income 6s 1952 J&D W (irr^nts w w 10834 103 Amer Gas & Elec new com M&N 1st 10424 10934 102 101% 104% 99% — 104 4s June 1 1944 — 2* Investing Companies Public Utility .* Telep Co Ltd $1.25 pf • Assoc Telep & Teleg $6 pref * $7 1st preferred lOf 106 105 102 10324 O 234 104 104 101 1952....M&S ser 12 124 4s June 1 1943 10124 Debs f 6s 1946 ..F&A Washington Gas & Electric Co— 1st ■ f 534s 1947 F&A 1st M 534s 1953 J&J 1st & ref 6s 10 10234 — —— 10 13% 109 — 34 * Assoc 10834 Serial debentures— 4s June 1 1945 —_ 1947 12724 , 4s June 1 1940 * 34 % see 106 34 12624 107% 103 4s June 1 1942 5s 1956 F&A 101 Utica & Mohawk Valley Ry— 1st 4Mb 1941 M&S / 2% Utilities Power & Light Corp—• 534s stamped Deb 5e 1959 ♦ ... 10534 104% 4s June 11941. Utica Belt Line Street Ry— 1st 5s 1939 M&N / 3 124 Utica El L & P 1st 5s 1950---J&J Utica G & El ref & ext 5s *57 J&J 130 Co Bldg (Kanata Realty)— Deb 1 Original preferred $4 preferred $5 preferred $6 preferred $634 preferred $7 preferredOption warrants _ 101 1st lien gen M 5s 1944—F&A 1st lien & gen M4^s 1944-F&A Common class A Assoc General Utilities— M&S F&A M&N 334s 1966 A&O Wisconsin Hydro-Electric Co— 1st M 5s 1947 A&O Wisconsin Michigan Power Co— 1st mtge 334s 1961 _J&J Wisconsin Power & Light— 1st mtge 4s ser A 1966 J&D 10 40 118 10434 98 1 com Associated M&N Wisconsin Gas & Electric— „ Utah Lt & Tr 1st 5s 1944 A„A&O Wat 5s '52--J&D 1st mtge —. 90 • 6% preferred 92"" 8734 10534 1st M 5s 1960 ser O 10824' Williamsport Water Co— 104 84% 1st M 5s Aug 1952 ser A—F&A 118 Winnipeg Electric Co— 80 8334 Gen 4-5s series A 1965 J&J r 92 66 Gen inc 4-5s ser B 1965—J&J r 10834 Wise Elec Power 334s 1968-A&0 99 57 Wise Fuel & Lt 1st 5s 1948. _M&N 101 -* .* 50 110% 77 7934 10334 1st M 58 1956 ser B 85 Arkansas Pow & Lt $7 pref 11634 103% 10534 (Germ) J&J f Wheeling (W Va) Electric Co— 46 10 634 4724 2% 2% 734 69 M&N f 6s 1952 Westphalia United El Pr 1st M s f 6s 1953 4424 * 108 89 52 common 6% preferred Arkansas Nat Gas Class A... 6% preferred 84 11724 110% 11524 Mut Un 6s ext at 5%to'4lM&N Western Utilities Corp— s x Common 104 9934 .M&N 101 1st 5s series B 1950-J&J 8934 Deb s f 6s extd 1950 M&N f Western Pr Lt & Tel 6s 1948 15-year 55 f M&N 5_%s 1950 Fdg & R E M 434sg *50—M&N 25-year g 5s 1951 J&D 30-year 5s Mar 1 1960 M&S Co Ltd— Utah Power & Light Co— Deb 6s May 1 2022 9934 98 103 1st M 5s 1951 Western Public Service Co— 1st & ref 534s 1960 F&A Western Union Telegraph— S3 5%s ser A 1952—M&N 55 Coll s f 5%s ser B 1952—M&N 92 United Telep Del 6s A 1948 A&O 101 United Tel & Tel 5%s A *53.M&N 101% 1st lien 6s ser B 1953 M&N United Traction (Albany)— Con g 4%s 2004... 5 -J&D / Unit Trac (Pgh)—See Phlla Co Unterelbe Power & Light Co— Sink fdM 6s 1953 A&O / 13 Upper Mich Pow & Light— 1st mtge 4s ser A 1959—F&A 10034 Coll A&O 4s 1948-1953- 1st M 81% J&J 97 65 - City & Sub Pub Serv 5s *34.J&J / United Securities Gen mtge 334s gtd 1967. Westchester Service Corp— Western Mass Cos— 3 34 % coup notes 1946 J&D Western N Y Utilities 5s '46. J&D Western N Y Water Co— 87 83 F&A / Eq 7%s Feb 15 1936 A&O Western Cont Util 6s 1944.-M&S Western Lt & Telep 5s 1954-A&0 93 98% 1961 5 com Arizona Power $6 preferred Arkansas Missouri Power— Utilities Co— 109 85 10834 United Rys of St Louis— Gen g 4s July 1 1934—..J&J / 94% 102 24 * - Texas I 1966 ser Westchester Elec—See 3d Ave Ry Westchester Lt 1st g 5s '50--J&D 90 10334 11834 1st 2d West 1st mtge 48 14 13% 102 West 334s 1st mtge 324s ser A 1969-M&N West Virginia Ohio River Bridge 3 34-6 %s, 1960 J&J West Virginia Water Service— 66 105 117% United Lt&Rys(Me)6s A'52 A&O 82% Deb 6s 1973 J&J 9124 Un Lt Rys (Del) deb 5%s.52 F&A United Public Utilities Corp— 98 Conv coll tr 6s A 1960 J&J 100 Conv colltr 5%s B 1960—J&J 39 United Rys Cos 4% ctfs *49-J&J / United Railways of Havana— - "4~" 2 M&S J&J Penn Tr 1st 5s 1960--J&D Philadelphia Pass Ry— ext 334s 1956 A&O extended 534s 1956 M&N 1st M Edison Associated Gas & Elec 1st M 5s 1963 series E 108 104 - J& J J&J Telep 1st 4s '64-M&S West End St Ry—See Boston El 115 Bid Stocks Arizona West End Trac—See Phlla Co 80 West Ohio Gas 6s A 1954 J&D / 10724 West Penn Elec deb 5s 2030. A&O 10434 f - 1st 6s ser A 1950Conv deb 634s 1945 West Coast Ask West Penn Power— -------J& 8 f deb 4s 1948 102 77 1st s f 7s 1955 ser A._.M&S1 Tokyo Elec Light Co (Japan)— 1st g 6s 1953 series—J&PJ Toledo Edison 3%s 1968----J& Bid Bonds Waukesha Gas & Electric Co— 1st 5s 1959 J&J West Canadian Hydro-Electric— 1 1% 1% march, 1940] public Quotation* for all securities Stocks Par Bid Stocks Cleve Elee ilium 100 Coast Co Gas & El 1st pref. .100 Colum G & El 45% 111 % 20 113 20 p8 105% 107 Corp (Del) com..* 6 87 6% 88% 68% 76% 68 74 114% 114% 31% % IPs . Optional warrants $6 preferred * Commonwealth Tel (Pa) 7% pf20 Commonwealth Water A Lighi 6% preferred * 7% preferred Community Pow A Lt com * First preferred 6% 100 Community Pub Ser com 25 Community Water Serv com 1 7% preferred * Concord Elec Co 6% pref 100 115% lVkx 32 ,% 1% 3 ... Common Conn Gas A Coke Sec pref Common n 104 n 107 14 15 45 116 45 * 44% 64* 100 53 55 8 81 118% 108 % 176% * 105 106 * 102% 103 91 h 8 111 114 105 108 115 26 111 11 58 % 10 * 100 m .100 Duquesne Light—See Phila Co— Duquesne Nat Gas common 1&* n Eastern Gas A Fuel Assoc's com 6% preferred 4% % prior preferred Ry com 6% 1st pref stamped 6% pref B stock 5% adjustment stock 100 100 100 100 " * * 100 100 Elec Power A Light Corp $7 preferred $6 preferred 2d pref series A Optional warrants El Paso Electric Co (Del) — Preferred series A 7% El Paso Nat Gas com...... 1.00 60 62 12 15 2% 3% 6% 65% 56% 1% 4% 6% 66% 55 58 58 2% 70 6 * 24 » 14% 2% 6% 28% 25% 16% 2% 97 38% 55 Elisabethtown Water Cons 100 113 117 Elizabeth Consol Gas 100 210 220 Empire A Bay State Tel (gu) 100 Empire District Elec 6% pf-.lOO Empire Gas A Fuel Copf 8%. 100 Preferred 7% 100 6%% preferred 100 6% preferred 100 Empire Power Corp— See Investing Companies. Empire Telephone com * 6% Preferred 26 Engineers Pub Serv com ..1 $5 cumulative preferred * $5% pref (with warrants).. » 45 $6 preferred 67 PS 70 66% 68 66 67% 23 72 76 83 Federal Power A Light * 64% 22 Pi * Without par value. x Phila 25 AS* 99 „ Co. ~7~~ R T 15% % 37 * 38 * 39 ^ 38% 39% 40% t Called March 15 Ex-dividend. Germantown Pass—See 100% 103 65* 57 18 44 20 35 20 30 18 24 15% 16% * Gloucester Elec Lt Co Gold & Stock Telep (guar) Green & Coates—See Green Mt Pow Greenwich Greenwich Phila 53% % 44" 10 41 101% 91 17 18% 35 Harrisburg 20 Bridge 5I* 71 35 37 25 47 10c 33% 33% 46% 11% 25 25 Hestonville M & F—See PhilaRT Holyoke Water Power 1 Houston Lt & Power $6 pref * Houston Natural Gas * com preferred 100 Huntington Water 7% pref... 100 Idaho Power 7% pref lOO 6% 1st preferred * 50 * 13 1% 3% 24% 4% 41 63 64% at 107% 111 10% "4% 4% 4 Units. 36 100 93 40 % 28 35^ 3% 3% 3% 3% 25% 3% 2% 16% 27 100 31 33 7% preferred.. 100 Iowa El Lt & Pow 6% pref. .100 7% preferred 100 Iowa Power & Lt 7% pref 100 Iowa Pub Serv $6 pref * 31 33 78 80 Iowa Southern Utilities— Common arrear certificates arrear certificates Italian Superpower— See Investing Companies. $5 * _ - - 17% See Investing Companies. Memphis Natural Gas Metropolitan Edison Co— cum preferred 86 88 108 103 103% 105% 5% * Mexican Northern Ry com 100 Preferred Mexican Utilities 100 13 15 100 17 18 * r r * 100 95c % 25% 3% 4% 13% 133% 32% 107 104% 96% 90% 14% — — - — 33% 105% 98% 100 m — . J Calleu April 1 at 50 plus 75c. dividend, 4 106% 100 * 48 53 T% * * Monon-West Penn P S 7% pref 15 Montana Dakota Utilities com. 10 5% preferred 100 6% preferred 100 * * Telegraph Mountain States Power 8 98 90% 87% 95% 86% 91% 117 1/ 90 98 88 117% 72 103 4% 104 4% 98 28% 7 83 93 106 23% if* * 100 w i 50 .._* 1st pref 100 6% preferred ....100 Nevada-Calif Electric com .100 Preferred 100 New Bedford Gas A Edison Lt.25 New Cable A Radio Corp— Amer 6 8 97 50 * / 6 1 40 Mountain States Tel A Tel. .100 Nassau A Suffolk 7% pref—.100 National City Lines com.. 1 $3 conv preferred 50 National Gas A Elec com.... 10 National Power A Light com...* See ✓ -.100 10 Old common 7% preferred New 5% pref 1 40 com 9 5% 5% % * Monongahela L A P—See PhilaOo Monongahela St Ry—See PhilaOo Monongahela Val Water 7% pfd. Cable A 80% 47% 139% 33 14% 44% 4% •I* 115% z\H 60 Radio. New Eng Gas A Elec Assn— * * com 6% preferred 100 $2 preferred * New England Pow Os $6 pref.100 New England Pub Ser com * $7 prior preferred * $7 preferred $0 preferred .......... New England Tel A Tel New Haven Water New 120 10c Convertible pref A * Midland Util 7% prior lien 100 6% prior Hen ..100 7% preferred class A .100 6% preferred class A 100 Minnesota Pow A Lt 7% pref 100 $6 cum preferred 100 New 91 x 95 8% $0 prior pref 108 x Middle West Corp com 5 Midland United com..__.___.* New Mexico Gas com...... k Last sale Nominal. , • 70 25% 139 67 13 * 63 100 50 131 5 50 n 34% 12% * * Jersey Pow A Lt $6 pref * Jersey Water pref.. ..100 6% preferred 106%. 96% preferred...100 New Eng Pow Assn 4 3% 100 84 5 ... $5% preferred stamped * 5% . Light Associat'n— Common with warrants * Common without warrants * $2 Preferred * Warrants Mass Utilities Associates— $0 preferred Nebraska Power 7% 105 104% 5% 15 pref ser A * Jersey Cent Pow A Lt 7% pf_100 6% preferred 100 5%% preferred. 100 Kansas City Power A Light— 1st pref $6 series B * cum 4 103 * 16 15% Mass Power A Montreal Tramways com Mountain Fuel Supply.. Investing Companies. 6%% preferred $7 preferred 30 . Montreal 3% * 32% Marlon (Ohio) Water 7% pref.lOO Marion Reserve Pow $5 pref * Market St Ry(San Francisco) 6% prior preferred... 100 Montana Power 6% pref Montreal L H A Pow Cons 11 73% * 25 Mississippi Valley Utii 8 4% 3% 3% 92 Investors Telephone com Iowa Electric 6%s pref 93 24 25 13% 101% * , 91 2 100 14 6 * 106 100 Mississippi Power $6 pref * $7 preferred * Miss Power A Light 6% pref * Mississippi Rlv Pow 6% pref.lOO 30 100 ; . Certificates of deposits Missouri Pow A Lt $6 pref Missouri Pub Service com 106% 110% * 7 56% 102 Modified 5% guar. 100 Certificates of deposits Marcon Int Marine Cornmun'y— Amer dep rets for ord shs. f] Michigan Consol Gas Michigan Gas A Electric— 7% prior preferred— Middlesex Water 38 100 100 * 25c 108 10% Conv pref $3.50 series. 50 Internat Ocean Tel eg i guar). .100 International Power Co * 100 100 103% 112% 86% 100 114% * x109 110 85 ... 112 100 * x Service— International Ry v t c Internat Teleg of Me (gu) Preferred 100 * 6% preferred 100 Indiana Hydro Elec 7% pref.lOO Indiana Service Co 6% pref.. 100 Indianapolis Power A Light— 6% preferred .100 6%% preferred .100 Indianapolis Ry Co v t c 100 Indianapolis Water 5% pref 100 Interboro Rapid Transit 100 Certificates of deposit Internat Hydro-El Syst A ..25 103 100 ..... 7% prior preferred 112% 1st preferred Internat Power Securities 5% preferred 6% preferred. 7% preferred 30c 18 110 General 104% 18% 120 100 Indiana 5 Louisiana Power A Light $6 pf-* Louisv Gas A Elec com cl A * 17 108% * 42 38% 116 115 Arrears certificates Illinois Power & Light— 1 * 100 ..100 $6 preferred series C $6 prior preferred 103 50 9% $5 111% 2% 23% 4% ._ 5 76 12 1% 5% non-cum $6 preferred 48% 52 50 Illuminating Shares class A Indiana Assoc Telep $6 pref 20c" 12% .100 5% conv preferred "4" 69 25 * 6% preferred Haverhill Elec Co Haverhill Gas Light 56 3 1 -.100 Havana Elec A Util $5 pref "4% 111 Harrisburg Gas 7% preferred.100 Harrisburg Rys common 50 Hartford Electric Light 25 com 114" 6% * 1 6% preferred Long Island Lighting com 7% preferred A 6% preferred B Long view Bridge class A 97 111% 34% 35% 52* 102 ..._* Maiden A Melrose Gas Lt._ Manhattan Railway 7% guar 25 68% 7% 95 86" 7% pref class A Hamilton Bridge common Hamilton Gas common 3 75 91 100 85 33 45 25 23* 25 101% 45% 100 Mackay Companies 4 % pref. Maiden Electric Co 112% 110% 110 Lexington Telep 6% pref 100 Lexington Wat Serv 7% pref.lOO Light A Pow Securities Co * Preferred 100 83 * 107% ' 89% 25% * Preferred Havana Elec Ry com.. 6% preferred 100 7% preferred 100 Kentucky Utilities 6% pref.. 100 7% Junior preferred 50 Keystone Pub Serv $2.80 pref..* Keystone Telephone $4 pref 50 Key West Elec 7% pref 100 Kings Co Ltg 7% pref 100 5% preferred 100 Laclede Gas Light 100 5% preferred 100 80% pf-100 _.* * * 94% 101 Lowell Electric Light 1.25 Luzerne Co Gas A El $6 pref.lOO $7 preferred. loo Lynn Gas A Elec Co..........25 T * 109 * 100 R 121 * Louisville Railway Co 90 1% 99 114 * 95 pref Gas $1.25 pref Wat & Gas 6% 6% preferred.. Kansas Power Co 6% pref 7% preferred Kansas Power A Light— .25 Corp $6 $5.50 preferred Hackensack Water 5% 23% 9 101% * Kansas Elec Pow 6% pref—— 100 7% preferred 100 Kansas Gas A Elec 7% pref.. 100 Lone Star Gas Corp. 72 40 * _* * Lawrence Gas A Elec Co Lewiston Gas Lt 5% pref 22 x PhilaRT Jamaica Pub Service Ltd.. Preferred Jamaica Water Supply 102 o $6 preferred $6% preferred $7 preferred t New stock, 6% 15 * 50 com. 1 * 6% 7% 89 25 Fed St & Pleasant Val—See Phila Federal Water Service com A..* Wat Gas & Elec com A Common 8% 60 Federal Light & Tr com Preferred ($6) 13% J2* 22 Company.............50 European Elec class A 10 Fairm't Pk & Hadd Pass Ry—See 77% $3 preferred Georgia Power $6 preferred $5 preferred Georgia Power & Lt 6% pref $6 preferred §5" 69 Essex 73 -50 preferred conv Interstate Natural Gas Interstate Power pref $7_. 80 84 Fall River Elec Light Fall River Gas Works Gen See 62 * 11% 23% 50% 53% Warrants % Gen Telep Allied Corp $6 pref. t 107% Gen Telep Tri Corp 20 42% $2.50 International Telep A Teleg Foreign share ctfs International Utilities— 39 111 Preferred * 4% 12% * 20 Telephone Corp 22 30% 50 50 com 4Vs * common Gen Telephone Corp com »3 conv preferred-. 7% preferred Indiana 100 Eliz & Trenton RR 152 108 — 7% preferred 20 28% 3 145 2% Indiana A Michigan Electric— 30 * * 100 Preferred 18% 48% 86 —..* 6% preferred 8% preferred 7% 3 * ..5 2 * 6% preferred 100 5% % preferred Gen Gas & Elec (Del) com A..* 6% prior preferred. * $6 cum conv pref ser A -.* $6 conv pref ser B * $7 preferred * $8 preferred * Gen Italian Edison Elec Corp— Amer shs for ordinary stock.. 11% 92 * Electric Bond & Share.. $6 preferred $5 preferred Electric Ferries common Gatlneau Power com Illinois Iowa Power common 2 * com Conv stock 7* 20 % 8 Easten Telep & Tel eg Eastern Utii Assoc 74% 60c * East Shore Pub Serv 6% % pf 100 6% preferred 100 31 26 —100 common Preferred 2 100 27 Bid Par Preferred 53% 100 100 Preferred Gary Elec A Gas Stocks R T Phila Hudson & Manhattan 121 140 47% 100 ..... 12% 62* 135 % 18 % Eastern Mich Transportation Eastern Minn Power 6% pref Gas 111% zA> $4 preferred $5 preferred Eastern Mass St 28 50c * East CoastPublic Service vtc. 1 East Middlesex Street Ry .100 1% 117% * 99% Franklin Telegraph (guar) —100 Gandy Bridge common * Gardner Elec Light common. 100 Hartford Gas % 100 Duke Power. 2% 53 % 6% preferred 100 5%% preferred 100 Dallas Power A Light 7 % pref 100 6% preferred* Dan bury & Bethel G A E pf 25 Dayton Pow & Lt 4%% pref.100 Detroit A Canada Tunnel 92 1% & Light Detroit Edison "l% 175 r Cumberland Co (Maine) Power Derby Gas & Flee $7 pref 109 36 34 1 Denver Tramway com Preferred ... S'thwark—see & Gulf Power $6 preferred Gulf States Util $6 pref 100 100 vtc 52 * .100 Common 1% 100 Continen Pass Ry—See Phila R T Crescent Public Service com 1 6% preferred 8% 9% 81% 119% 31% 34 7% prior preferred Cuban Telep common 66* 119 8% 25 $4.60 preferred Continental Gas & Electric— States 46% 46% 116 31 Consumers Gas (Reading).. Consumers Gas (Toronto) Consumers Power $5 pref Eastern 26 * $5 preferred..1 Consol Gas Co (Pgh) pref.....50 Consolidated Gas Utilities com.l Cons Trac of N J—See P S Corp Cons Trac (Pittsb)—See Phlla Co Florida Telephone 8% preferred pref..100 5% preferred % % 23 ..* 104 General Pub Util 37 36 100 102 Frankf'd 79 issue Kansas City Pub Serv.. General Public Service Corp— See Investing Companies. 44 100 '.* Consol Elec A Gas $6 pref Cons Gas E L A P (Bait) 4%% pref series B Cons Edison Co ot N Y com com 67 5 * 4%% preferred Cumberland Gas $ 66 Connecticut Light & Power— 5%% preferred 100 Connecticut Power 25 Connecticut RyA Lighting 100 '49 Florida Power & Lt $7 pref 6% preferred series A 100 6% preferred 100 6% conv preferred 100 Columbus & Southern Ohio Elec— 6% preferred A 100 6 % % preferred B .-100 Commonwealth Edison Co....25 Commonwealth Gas Commonwealth & Sou Corp com * Ask 48 Florida Power Corp 7% Preferred $50 par 44 * Bid 101 100 * common $4.50 preferred Cleveland Railway Par 103 104% stocks Fitchburg Gas & Elec Light. .50 Ask Citizens Water Co of Wash (Pa)— 7% preferred .....100 City Water Co (Chat)pref 100 City Water (New Castle) pref .100 Clear Springs Water pref * utility possible for the closing day of the month preceding the date of are a* near as r 12% 77% 108% 103% 4% 45 Canadian price* 80 PUBLIC Quotations for all securities Par Bid Ask New Orleans Pub. Serv com—--* 18 20 Stocks 1293* 283* 7% preferred —-* Newport Electric Corp com—-20 6% preferred ---100 N Y Mutual Telegraph 7% 25" Continen 323* N Y City Omnibus common 14 33" 18 ^ $6pref---* 106 100% preferred-------100 N Y & Queens El Light & Pew¬ it, Common ---* 116 117 preferred 100 Railways pref------—---* 115 3 6% PreflOO N Y State El & Gas 5 3* %,Pfd-}22 N Y Water Serv 6% pref 100 Niagara Hudson Power--—--10 1st pref $5 series —100 2d pref 5% series -—100 Class A option warrants Olas* B option warrants——— North American Co 10 6% preferred series 50 53*% preferred 50 North American Light & Power- -1 $6 preferred 51 N YPow & Lt Corp 7% 120 5% N Y N Y & Richmond Gas — — m 33* 54 1043* 23 25 53* 873* *5% 883* 803* 783* 3*6 3* 213* 573* 57 50 64 24 ®32 Sl3* 58 573* 80% % 81 % Phila & Darby Pass Ry Phil & Gray's Fy ($25 pd) 50 50 Philadelphia Traction Ridge Ave Pass ($28 pd) 50 Preferred Phlla Traction—See $4 preferred —* Northern Indiana Public Serv—- 57 58 100 —100 102 103 7% preferred 110 111 63*% preferred-— ---100 983* —-25 41 Common 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 Utll 7% pref 100 7% prior lien --100 95 4% Northern N Y XTtil 7 % 113* 763* 67 3* 1103* 43* 99% 12 78% 08% 111% 89 92 173* 193* 63 66 pref-100 100 903* 92 95 90% Northwestern Telegraph (guar) 50 NY PA NJ Utilities $3 pref* 33 3* 20 W422 N'western Pub Serv 6% 7% preferred Ogden Corp common --4 5% preferred 50 Ohio Cities Water preferred * Ohio Edison $6 pref -* $7 preferred ———* Ohio Power 6% pref 100 Ohio Public Service 5% pref-100 53* % 1st preferred —100 8% preferred 100 7% preferred 100 Ohio Service Holding com..—.-1 5% preferred 5 Units Ohio Water Service A com 3 42 12 20 110% 115 114 99% 102% 108 1143* 40% 40% 162 * 42 115 103 Pacific & Atlantic Tel (gu)—25 Pacific Gas & Electric 25 1st preferred (6%) 1st preferred (53*%) Pacific Lighting Corp com 6% preferred Pacific Public Service— 25 —25 * ——* 100 ...— * 1163* 104 3* 193* 20 49 493* 113 1133* 50c 23* 133* 1043* 87 15 ---100 $5 preferred.. 115% 1003* 1033* 106 6% preferred 100 Okla Nat Gas Corp com— 15 $3 preferred ————50 $5.50 conv.prior pref—_—-* Omaha & Council Bluffs Ry— & Bridge Co 4% pref 100 Omaha & Council Bluffs St Ry Co 5% preferred .100 Omnibus Corp common __6 8% conv preferred A......100 Oregon Wash Water pref * Ottawa Light Heat & Power--— Pacific Pow & Lt 7% pref 110 J* 110% 113% Oklahoma Gas & Elec 7% preflOO Preferred 3% 40% 3 133* 105 3* 92 153* 102 3* ~ 163* 333* 333* 303* 473* 1073* 1083* 80 53* * 100 100 1353* 373* Pecos Valley Pow & Lt com * * Peninsular Telephone Co com * 333* 34 31 313* ..........— preferred 1st Pacific Telep & Teleg— preferred 6% Panhandle Eastern Pipe Line Common 20 151 2 63* 213* 1353* 1523* 393* 3 Edison— Warrants 3 Warrants B 4 3* 1 Pennsylvania Edison Co— $2.80 preferred.—. preferred 39 $5 Pennsylvania Gas common--..-* Penna Gas & Elec Co 7 % pref. 100 Penna Gas & Elec Corp $7 pref—* OlftSS A. - - - - 23 16 25 13* 23* 112 preferred Postal preferred Potomac Edison Co 6% pref 100 107 115 8 83* 103* 93* 84 : 114 109 100 101 104 843* 983* 413* * 853* 413* 141 1423* 100 124 1253* 1113* 1113* 66 111 1123* Public Serv El & G $5 1143* 119 175 107 * Puget Sound Pr & Lt $6 pref * $5 prior preferred * Quebec Power common * Queens Borough G & E 6% pf 100 Rapid Transit Ry—See P 8 Corp Republic Nat Gas 2 Rhine-Westphalia Electric Pow— Amer shares representing com. Rhode Isld Pub Serv $2 pref 27 3* 1083* 25 253* 783* 12% 273* 80 293* 53* 53* 13 3* 33 5o 333* 80 1 ; 50 35*' 50 64 3* Rochester Gas & Electric— J 00 100 102 102 104 .106 101 1013* 10U ._* 10 115 ~2~ 13* 113* 123* 100 87 90 100 108 St Louis County Water pref. .100 St Louis Public Service— * 109 St Joseph Ry Lt & Pr 5% pf St Joseph Water 6% pref New class A 13* 100 7% preferred 100 Savannah El & 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 1st 2d $5 preferred $5 preferred--; 105 Sierra Pacific Pow common....* Preferred 100 Sioux City Gas & Electric 573* 713* 58 72 3* 114 14 16" 373* 13* 13* 38 1 2 2 $7 preferred South American Utilities ..* * 50 * ..60 63* 73 3* 433* 763* 3* ..... 50 2 Consolidated Trac pref 60 DuquesneLight5% lstpref 100 . 116 25 Monongahela Lt & Pow 60 Monongahela St Ry— 60 Phlla & Darby—See Phila R T Phila & Grays—See Phila R T Philadelphia Elec Co com..—..* $5 preferred— ...— 7 743* 443* 80 13* 33* H 1163* 3* 1 16 99 1 114 100 108 100 101 preferred 52 1063* 23* * 7% preferred 100 Union Electric Co of Missouri— 5% preferred ♦ Union Gas (Canada) » Union Gas System com... .10 Preferred sn - . 26 1133* 12 3* 9 93* Union Pass—See Phila" RT Union St Ry (New Bedford)..100 Union Traction—See Phila R T United Corp 23* 403* .—...* I III* 40* 8* United Gas & Elec (Conn) com * 7% preferred l5o United Gas & El (N J) 5% pf.100 United Gas Corp com 13* 973* __1 $7 pref series A Warrants United Gas ♦ 3* 133* 1123* Improvement..... * $5 preferred ."* United 111 Co of New Haven.—.* United Lt & Pr com A * Common B 6% cum lstpref 126 % 3* 353* 833* 843* IIIII* United Light & Ry 6% pref... 100 6.36% preferred..: 100 7% preferred 100 United Public Service Corp.. 1 United Pub Util com A * «. 213* .» Utilities Power & Light— Old 7% cum preferred 223* 163* 5c 15c" 100 » - « 94 104 114 18% 293* 293* 29 3* 43 3* Southern Calif Gas Co— 73* * 116 100 69 100 60 Common _* ■Pfflferpflijl 4* 273* 1063* 7 735 193* West Penn Elec Co class A. 115 110 100 100 1073* 1123* 1043* 100 1163* 1173* West Phlla Pass—See Phlla R T West Texas Utilities $6 pref..—.* 993* 1003* 7c 15c 7% 6% cum cum preferred preferred West Penn Power Co— West Va Ohio River Bridge— .....* ..* Preferred Prior preferred West Va Water Serv 6% pref Wastern Lt A Tel com Preferred 7 12 * 1 101 82c 25 .... * Western N Y Water 50 93 153* Ogden Corporation, Western Massachusetts Cos.. 1 3* 3 613* 613* Utilities Stock & Bond Corp....1 Virginia Electric & Power— — 118 115 13* H % 193* 213* $2.75 preferred I.I* $3 preferred* United Utility Co common....10 Utah Power & Light— $6 preferred .....* $7 preferred * Common ~ _ 93 .....1 43*% preferred 203* «.«. 113 53* % preferred series O 25 6% preferred series B 25 Original preferred-.—......25 3* 203* 293* 30 303* 453* pref * Western Union Telegraph.. 100 Westmoreland Water pref-.....* Wheeling Bridge.. .....100 Wheeling Elec 6% pref 100 William sport Water pref __* Winnipeg Elec class A..... * Class B 100 Wise Elec Pow 6% pref 343* 233* 100 114 r 101 2 r 10 59 343* 303* -.100 £ 1053* 1063* 26 Wisconsin Pub Ser Corp 7% pflOO x 106 Southern Canada Power——._* 133* 13* 133* 13* 63* % preferred 100 Wisconsin Telep 7% pref..... 100 x 1053* 68 72 cum Telep Southern Union Gas A t Called March 21 at 107. preferred /Flat price. 100 103 183* 167 * 23* 25 173* com—.— Jfc Last sale, / n York (Pa) Railways 104 183* 170 York .Water Co 118 1063* 109 mmm mm mmmm m mmm ..5 1 13* * 6 9 pref——50 20 1.25 25 26 263* Worcester Trans Assoc— preferred......100 x mm 125 58 25 3* 4.80% 3 v 121 30 Wolverine Power Co "23* 121 34 Southern Col Pow com A__—25 Preferred .100 mmm 116 1 6%|pret (1897j;serie8) 7% preferred— 10 24 102 (1921) 100 Wise Hydro-Elec 6% pref 100 Wisconsin Pow A Lt 6% pref-100 273* 343* 7 * Preferred mm 103 86c 27 6% preferred series A 25 6% cum preferred —25 Southern Calif Water pref.....25 Southern New Eng 37% 1183* 100 * 10 9 Southern Nat Gas com—...73* 373* 1173* Toledo-Edison pref A 7 % 6% preferred 100 Washington Wat Pow 6% pref—* Southern Indiana G & E— 60 1023* 43* 3* 23* 203* r _ Southern & Atlantic Teleg (gu) .25 South Calif Edison common—25 3* 0% preferred ™^d Avenue Ry I (N Y) 100 13th & 15th Sts—See Phila R T Tidewater Power 6% pref ♦ 3* 17 3* 16 90 99 7 Partic units Preferred 52 2 103 88 * Wash Gas & Elec 7% pref..1.100 Wash (D O) Ry A El com .100 115 493* % % 163* 25 Peoples Water & Gas$6pref_.100 Peoria Water Works 7% pref. 100 Phila City Pass—See Phlla R T 112 100 100 100 43* 102 1 Washington (D O) Gas Light- com - 99 * 1 20 120 $4 preferred 60 Sou Carolina EI & Gas 7 % pf .100 South Carolina Power 6% pref..* Sou to Pittsburgh Water— 6% preferred 7% preferred 75 113 113 100 * 111 34 113 * 110 Second Ave RR Cop (NY) * 2d & 3d Sts Ry—See Phlla R T Shasta Water Co * 113 3* 105 23* 104 pref—.100 1183* * common 80 -.100 $6 preferred Virginia Pub Serv 7% pref 6% preferred San Antonio Public Service— 6% preferred 99 Tampa Elec Co * 7% preferred —.100 Tampa Gas. 7% pref. 100 lerre Haute Elec 6% pref 100 Texas Electric Ry ..100 See — Seattle Gas preferred Class B common.. Rockland Light & Power 11 ..... 3 Ridge Ave Pass—See Phila R T Preferred conv $3 cum preferred Warrants 70 Rapid Transit St Ry Co—100 Public Serv of Okla 6% pref.-100 7% preferred 100 Class A 4 » ........ 1073* 100 163 162 5% (Minn) 100 100 * Consolidated Trac of N J--100 Rio Grande Valley Gas v t c Riverside Traction.. » Twin States Gas & El 7% oref 100 Twin City Rap Transit 41 40 106 * pref 3* 1% 1$ 5% 89 1133* Southeastern Gas A Water A—* 114 3* Public Serv of Ind $7 prior pref__* $6 preferred * Public Serv Co of N H $6 pref—* 8% preferred 7% preferred 6% preferred $5 preferred % 93* 106 Public Service Corp of N J 143* 3* $3.50 preferred Texas Power Corp common 7 % preferred Texas Power & Lt 7% 100 $5 preferred 13* 933* 104 B 69" 115 Providence Gas Co * Public Elec Light 6% pref. 100 Public Serv of Colo 7% pref—100 ; 101 Preferred * Suburban Rapid Transit St RylSo Superior Water Light & Power— 7% preferred 100 Swiss Amer Elec 5% pref .500 Fes Tacoma Ry & Pow Co * com Texas Elec Service $6 pref__ Texas Gas Util com Texas Hydro Electric— % 83* 60 7% preferred.. 100 Potomac Elec Pow 6% pref—.100 53* % preferred 100 Power Corp of Canada com * 6% preferred 5% preferred t---1043* 14 * 52 7 Telegraph System— non-cum 183* Without par value, 3 50 6 66 18 ♦ 13* 2* 66 110 88 Federal St & Pleasant Val 93 89 * 104 I 10C 1 ...... Traction 523* 1023* 100 25 Citizens 23* 43* 50 Portland Gas & Coke 7% pref 100 Portland Gas Light ...50 $6 2 4 12 44 Tacony-Palmyra Bridge— 1123* Scrip Preferred Philadelphia Co com $5 preferred 6% cum preferred $6 cum pref Allegheny Traction 40 115 T Shawinigan Water & Power—.* Shenango Valley Water pref—100 Sierra Pac Elec 6% pref.. 100 * —. .... Common class B—— 663* 153* 14 Pennsylvania Telephone Co— $2.50 preferred * Pennsylvania Water & Power...* Peoples Gas & Fuel Corp People s G L & O (Chic) Peoples Light & Power Co A 40 65 ^ mmrnmmmmmmm mmm Pennsylvania Power $5 pref——* Pennsylvania Pow & Lt $7 pref-* $6 preferred .... $5 preferred Pennsylvania State Water, pref.* Preferred 3% Bid 1 Class 38 100 Portland RR 5% stock $7 cum prior pref $4 cum preferred $6 cum prior pref Standard Pow & Lt 56 San Diego Cons Gas & Electric— $1.40 preferred class A—..25 Penn-Ohio 7% prior preferred Rochester Transit common 90 R 14 3* 56 Plainfield Union Water _* Portland Elec Pow 6% pref—.100 47 3* * Common Phila 31 88 18 13 3* 57 * 6% preferred series O— 6% preferred series D 5% preferred series E Rochester Telep $63* pref 343* 343* 79 73* Philippine I*>ng Dist Tel 100 3*6 Pittsburgh Suburban Water— $5.50 preferred 100 11 Northern Liberties Gas.. 93* 34 Phila Transportation CoCommon v tc 10 preferred- 6 50 pd) 51" 6% 45 Union Traction ($173* pd)-50 West Phila Pass guar 50 Phila Suburban Wat 6% pf—100 51 493* 33* North Texas Co (Del) 10 Northeastern Wat & Elec com—* 85 24 50 50 50 £ 3d Sts Ry guar 13th & 15th Sts Pass Ry Union Pass ($30 5-6 Par Southwest Consolidated Corp 1 Southwest Gas (Okla) 7% preflOO Southwest Nat Gas $6 pref....10 Southwestern G & E 7% pref. 100 5% preferred 100 Southwestern Lt & Pr com A ♦ $6 preferred. * S'western States Telep com II Springfield City Water 6% pf 100 Springfield Gas & Elec pref Springfield Gas Lt Co 25 Springfield (Mass) St Ry CosPreferred 100 Standard Gas & Elec com * 13 Frandf d & Southwark Pass.50 Germantown Passenger 50 Green & Coates Sts ($15 pd) 50 Hestonville M & F com 50 Preferred 50 2d .1 /8 —— 13* Pass Ry ($29 pd)-50 Fairm't Pk & Haddington. .50 Passenger guar 313* 23* 43* 4 50 PhilaCityPass Ry($223* pd)-50 — 1043* North Amer Utility Securities—* North Boston Ltg Prop com—--* Preferred 100 preferred- Stocks Ask 31 25 Philadelphia Rapid Transit.—50 30 18 - Option warrants 181% Bia Par Phlla Elec Power 8% pref Citizens 22 pref 100 (guar) -25 New Rochelle Water 7% closing day of the month preceding the date of Issue Stocks 109 STOCKS UTILITY are as near as possible for the 3 193* Nominal 5 r Canadian price. I New itock. * Ex-dlvidend, Under the heading "Industrial and Miscellaneous Securities" we include all issues which do not appear under the previous three headings, namely "Railroads" "Investing Companies" and "Public Utilities." In the case of stocks, however, we put "Textile Manufacturing," "Insurance," "Mining," "Real Estate and Land," "Title Guarantee and Safe Deposit Companies" under separate heads, then follow with the rest of tha "Industrial and Miscellaneous." NOTICEtt-AH bond prices "and interest" except where marked "f" and income and defaulted bonds are Quotations for a1! securities are as near as possible for the closing day of the month preceding the date of issue Bonds Bid Bonds Ask. INDUSTRIAL AND MISCELLANEOUS BONDS Betnlehem Purch money 6s 1998—Q-Feb Dons M s f 4%s ser D '60.-J&J 52 50% Investing companies Advance Bag & Paper 6s *52. J&D 95 Aeolian Co 6s 1944 J&J 96 Agar Packg & Prov 5s 1945.J&D 63 Akron Times-Press 1st 6s '45 A&O 102 Alabama By-Prod 6s 1955 90 J&J Alabama Mills 6s (w-s) 1953-J&D / 41 Without stock J&D / 26 Albany Perf Wrapping Corp— A&O A&O 1948 w w 55 60 6s 1955 / Alberta Pacific Grain 6s 1946 J&J O) 00 1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 ■ 1 1 Allis-Chalmers s f deb 4s 84% 100 96 '5£.M&S ,110% Amer Colortype 6s 1942 F&A 100% Amer Dept St's (Pa) 4s *48.-J&D / Amer Dept St's (Del) 6s '47.J&D / Am Fruit Growers 5s 1950--F&A Amer I G Chem Corp— Conv deb 5%s 1949 M&N International Corp— See Investing Companies 6%s 70% Bowser (S F) 7s 1944 Brit Col Packers 5s 1953 J&D 76 British Columbia Pulp & Paper— 1st 6s 1950 —M&N / 63 Gensf 7s 1950 M&N fr 73 78 86 101 31 101% 104 55" Income 7s Jan 1 1943-.—M&S/ Anaconda Copper Mining Co— 93 1950--A&O 107 Anglo-Chilean Cons Nitrate— Sink fund income deb 1967 J&J 36 90 Trap 5s Aug 11940__ (San Fran) 1942 J&D 1st s f 68 (Los Ang) 1942--J&D Antilla Sugar Estates— Income deb 6s 1951 (w-s)—J&J / A-N Y & B-NY Realisation— M&S Arcade Mall Iron 7s 1943..M&N/ Armour & Co of Delaware— 1st M 20-yr 4s ser B 1955.F&A 1st mtge 4s series O 1957— J&J 45 102% A&O Arundel Bond Corp 2-5s Dec 1 '53 / Arundel D*5b Corp 3-6s Dec 1 '53. / Assoc Laundries of 111 6%s 1942. Associated Mtge Co 3-6s Dec 1 '53 - 1st lien 4s 1952 J&J Atl Gulf & W Indies 8S Lines- 96 12 70% 14 4%s 1952 100% ICanada SS Lines— 1st & gen 5s 1957 100% F&A 88 52 64 67" 52 55 102 52 % loo" 95 102 111% Bayway Terminal 2nd inc 68 '57- - 63 65 93 / 36 37 25 20 30 25 Beaver Mills 1st 5s 1950—J&J Bedford Pulp & Paper 6%s 1942. 101 Beech Creek O & C 5s 1944—J&D 96 25 5% conv debs 1944—.—M&N 92" 163"" 17 80 81% 80 25-yrguar 5s 1955 __M&S Can Pow & Pap Inv 5s 1958-F&A Canadian Vickers 6s Aug 1 1947Garribean Sugar— Cum inc 7s 1941 —F&A Carlisle Lumber 6s 1945 Carrier Corp conv 4%s 1948 A&O Carthage Marble Corp— 1st s f 6%s A 1942 M&S / 1st n-c income 5s Apr 1951 / Oassco Corp inc 6s 1949 M&3 Celotex Corp— Debenture 4 %s w w 1947-F&A Central Coal & Coke— Non-cum inc 4s B 1941-..A&O Central Foundry Co— 1st mtge 6s 1941 M&S Central Steel 1st 8s 1941 ..M&N Certaln-teed Prod 5 %s 1948 M&S Cespedes Sugar 7 %s 1939 M&S Champion Pap Corp 6s *45--F&A Champion Paper & Fibre Co— '50('35 issue).M&S 4%s s f deb '50('38 issue)_M&S Chateaugay Ore & Iron— J&J Chic Grain Corp 3-5s 1952 A&O / Chic Molded Prod 5s 1949-A&0 Corp inc 5s 1968 .J&D Cities Service Asphalt 5s 52.A&O City Ics (Kansas) 6s 1940—A&O City Savings Bank of Budapest 7s 1953 F&A k Last sale, n Nominal, r Ooplay Cement Mfg 6s '41 A&O Cosden Petroleum conv 5s '47 J&J 62% 5% Credit Service—See 64 66 55 57 4 5 92" 3 10 36 88 64 98 75 24 110% 79 16 99% 100 105 80 82 Investing Cos 106% 102% 103% 55% 93% 1944 J&D Cudahy Packing 3%s A '55.M&S f deb 4s 1950 5s 1940 Curtis Cos 6%s A M&S 93 a&O 80 1947—M&N 96 Dairyland League— Certifs 6s May 1 1944. Certifs 5s May 1 1945 Certifs 5s May 1 1946 Certifs 5s May 1 1947. Certifs 5s May 1 1948 Certifs 5s May 1 1949 Danish Prod L'n Fund 5s r4~0". J&J Davidson Biscuit 5 %s A '45 A&O Davidson-Boutell 5s 1946—J&D De Bardeleben Coal Corp— 106% 104% w w 1948 104 59% 94 94 98 96 94 92 91 98 100 98% f . 31 101 57% 53 40% 84 Garages 5%s Mar 1948— Detroit Har Term 1st 6s '50-M&S 43 us lytu CO 26 97 4d J Deutsche Kentenbank— Farm Ln s f 6s Oct S6P1PA 15'60 A&OIS / *' K S)'5Iay Mfg Co^ Cum inc 5s (w-e) Nov 1 Cum inc 5s 1949— (ex-stk) Nov 1 1949 8er A '52.A&0 %s 1940-1943 A&O lominion Steel & Coal 6%s 1955- >am P?%\lst Serial 3 152 94 160 100% 101% 98 86% lominion Tar & Chemical Co— Deb 4%s ser A 1951 M&N om Woolens & Wore 6s '53.J&J lonnacona Pap 4-4 %s '50—F&A 101% 10-yr 5%% notes 1947—J&J JowChem Co deb 3s 1951..J&D ryden Paper 6s 1949 F&A >ufferin Paving & Stone— 105% Deb 5s series A 1955 >umont (Allen B) Lab— Jan 86 82 83 81 49 2%-5s 1949. M&N / 50 •uplex Printing Press 3s 1944 J&J >urham Duplex Razor 6s 1955— 70" >urez Plastics & Chem— 4%s conv debs 1949 M&S 304% arl Fruit lst s f 5%s 1947--M&N 93 astern Car Co Ltd 6s 1952 J&J astern Corp 5s 1953 J&D astern Cuba Sug 7%s '37.M&S .astern 53 85 106 95 40 74 72% 96 52 99"" \joai .mplre Properties Oorp 2-3s 1945 62 Impire Sheet & Tin Plate— 6s 1943 A&O Imporlum Capwell Oorp— 56 57% lst 4s 60 65 4% notes 1942 1952 H V.x. 109% uorp—— f 4s 1956 115 SAJ1 65 J&J 104% J&J 102 A ■ rv 20 Ex-interest. 85 JRR* 82 40 103% 55% x 83 87 57 5 87 86% J&D 43 88 Dairies 6s 1949.. M&N 71 Mfg 7s ser A 1938--J&D / 105 .uurii s 106 104 109% ."v Coll 56% 102 21 F&A —II 29 98 Canadian funds, 103% I 104% etroit astern 86% 102% 104% M&S nife « f deb 4%s 1948—_J&J ]Weel 4^s A 1948 F&A Dickey (W 103% 3 Crown Cork & Seal Co Inc— 15-yr 4s s f Nov I 1950—m&n 4s 106 106 90% 63% 104 2nd income 6s Mar 1946 Detroit City Ice & Fuel— 104 IS* 109% 19&1-J&D Crowley Milner 5%s 1946..M&N s 105% 102% 86 Cosgrove Meehan Coal 6%s 1945 8 f deb Foncler Franco-Oanad— nuitn 95 108% 97% 86% 62 71 88 67 82" 82 82 86 55% 69 18 1st cum inc 5s 1957-Ann April / Deep Rock OH 7s 1937 stmp M&S * Deerfield Glassine 1st 5s Mar *50 Defiance Paper 6s 1939 J&D Delaware Floor Products— 80 Gen mtge 5s 1941 70 M&S Central Iron & Coal 6s 1938.F&A / 22 Central Paper Co 6s 1948...A&O 100 Central Ry Term & Cold Storage 6%s 1952 A&O 4 %s s f deb 82" 83 101 101 85% 90" 54 87% £raS? S° 3^s Credit 7% 13 Cumberland Ry & Goal— 99 Can Locsmotive 6s July 1953 Canadian Nat Steamships— Childs Co deb 5s 1943 A&O Chilean Nitrate & Iodine Sales 23 100 J&J Chicago Produce District— 1st cum inc 5s (w-s) '48-.F&A Chicago Stk Yards 5s 1961.A&0 /This price includes accrued Interest, 26 105 Chesap'ke»CampCorp4 %■ *47 J&J 80 105 I Guar gold 4s 1942- Bendix Home Appliances— 42 51 / J&D 1st M 6s 1949 100 Battle Creek Sanitarium— 1st s f 4Kb A 1954 J&J Baush Macn Tool ext 5s '41.M&S / 102% J&J r 96% Canadian Bakeries 6%s '45-M&S r 101% Canadian Canners Lta 4s'51M&N r 80 Canadian Internat Paper— 72 105% IR34 59 11 6s 1940J&D Conv 90 Campbell Transportation Co— Equip trust 4%s to 1946--M&S Equip trust 4s to 1951 J&J 70% 35% 58% 58% 70% 100 Calif Group Corp 5 %s 1956 M&N Calif Packing 5s 1941 Certificates of deposit.1942 Campbell River Timb 6s '41.J&J 68 Bates Valve Bag 6s 1942 b Bails. 153% conv s f 102 104% 101% warr..J&D Continental Oil— Conv deb 2%s 1948 J&D Continental Roll & Steel Fdy— 1st M 52 . J&j Container Corp 1st 6s'46.J&D15 with 86 105% 6 / 6s 1948 Cuban Tobacco 5s 22 r j Sink fund 5s July 1 1960..J&J 1943 96 83 Consumers Co (111) 5s 1956..J&J Consumers Rock & Gravel— 5s 73 30 105% 50% ._ 51 101% 101% s 7s Baragua Sugar Estates— Barber & Ross 4s 1945 68 39% 54 35 95 24 Canada Bread 6s 1941 f&A r Can Cementlst4%sserA'51 M&N M&8/ 110 J&J / J&D J&J Canada Paper Co 3s 1940-41-J&D r 100 99 3%s 1942-45 J&DT 100% Bait Steam Packet 5s 1942—F&A A&O Coal Co— 106'" 92% F&A Consol Paper Corp 5%s 1961.J&J Consol Press 6%s 1949 -J&D Consol Textile lRt Ks 1941 J&I> Cum conv inc 5s 1953 M&N Deb 57 25 99% 94% M&N Bush Term 1st 4s 1952 Cons g 5s Jan 1955 Cum mc bs 1950- Oont 1 Invest Bond Corp 2-5s *53. Oont 1 Invest Deb Oorp 3-6s '53 100 34 57 J&J 29% 51 - 1947 £6" 65 3 1 99% 99% Cum inc 6% notes 1950.-F&A Donsol Oil s f rjeh 3 %s 1951 J&D 43 41% 83 55 65 '41 M&N Consol Biscuit 1st 5%s b '46 M&S 1st 5%s ser O 1946 J&D Consolidated Cement Corp— Consolidation Oamaguey Sugar— 37 103 Without warrants Baldwin Locomotive Works— f extl 6s 1940 f 8s 1948 A&O Deb s f 6%s guar 1943 A&O Calif Cotton Mills 1st 6s *40-J&J Calif Dairies deb 6%s 1942.M&N 107 % Auburn Automobile— w'47J&D s Burns Bros deb 5s A 1961--M&S Burns & Co Ltd 1st sf 5s 1958 J&J Income 5s 1958 -Ann, Apr 1st 71 55 Conv deb 4%s 1939 J&J Autocar Co 7s ext 1947—M&N 6s ser 101 102% O-E to 1941-M&N F 1946 M&N 24 58 Jan I 1959 J&J 68% Atlantic Ice & Coal 6s 1951. J&D 82 Atlantic Ice Mfg 6s 1945 F&A 65 Atlantic Refg 3s debs 1953—M&S 105% Atl Bug Ref 1st s f 4s '51—M&N r 98% Atlas Imperial Diesel Engine— 6% conv notes 1945 M&S 100% Atlas Pipeline Corp 6s 1945-M&N / 40 Gen conv 6s 1950 M&N 8 Cum Inc deb ser 28 Coll tr g Mtge 6s 1950 65 48 Calaveras Timber 1st 6s '38-M&N / California Consumers Corp— 1st lien 3-5s 1955. J&D Calif Cooperative Creamery— 108 Atlanta Laundri - 101 93 Byers Machine 3-6s 1946 Byrndum Corp ext to Jan 15 1942 98 97 100% 100 % , 1st g 5s 1940 Hill Falls Co 6s 1959-M&N Budd (E G) Mfg 6s ext 1941 .f&A Buffalo Gen Laundr 6 %s '41-J&D Bullock's Inc (Los Angeles)— Bldg 1st 5s stamped 1960 A&O Arnold Print Works— w 92 15-yr Anthony (E O)— Avery (B F) & Sons 5s J&J 1948 Buck 40 69 1st 5s Feb 1 1952 series B Columbia River Paper Mills— 6s to 1948 A&O Cum inc 5s April 1967 / Commercial Mackay Corp—See Ask 80 Gen mtge 6s w s 1954 62 J&J Colo Fuel & Iron a f 6s 105 1943.F&A Income 5s 1970 An Apr / 72 Columbia River Packers Assn— Income deb 2s Oct 1950 / 40 51 41 Bklyn Serv Station 5%s '46-J&D 35 Brown Coal Indus 6 %s *53 A&O / 13% Brown Co 1st 5%s 1946 A&O / 42 1st 5%s 1950 ser B. M&S/ 40% Brown Pap Co ext 4%s'41-A&O 98 Bruck Silk M Ltd 6%s '45.M&N 75 Brush-Moore Newspa 5s '45-A&O 103 % Bryant Paper 6s A 1942 M&N 92 1st 6s 53 / 5s, 1955 M&N Brandram-Henderson 0s '56.J&D - 96% 110% 38 92% J&J / 40 J&J 102% American Writing Paper Co— Conv 6s 1961 Ann Apr Ames-Holden Tire & Rubber— 1st s f 6s 48 78% 60 M&S / f 6 F&A 111% Debenture 6s 1944 A&O 118% American Type Founders Inc— Conf s f deb 2%-5s 1950-.J&J 105% Am Wire Fabrics 1st 7s '42—M&S 92 Animal 46% M&N Climax Engineering 5s 1946.A&O Colonial Colliery 6s 1954—m&s / Colonial S S Co, Ltd— Public Utility Bonds. Connor Lumb & Land 6s 103 104 Am Silica-Sand 6s 1951 Am Tobacco deb 4s 1951 Sink tund deo 4%s 100 Burmeister & Wain (Copenhagen) Am Lime & Stone 5%s'51—. M&S Am Mach & Metals 4s 1943--J&J Amer Nat Co (Ohio)— Extended 6s stpd 1943 Amer Seating 6s stpd 1946 — J&J 1947 4% notes 4% notes J&D / 1956 F&A 2.60% 101 48 39 Amer La France & Foamite— notes fr0.50 to Blethen Corp (Seattle)— 60 American 5%% 100 _ Donovan Lumber Mills 6s 1940-42 —f&A Boston Wharf 1st 4s 1941 A&o 40 103% 101 98 Bloedel Alpine Montan Steel Corp— 1st s f 7s 1955 M&S / 16% Amer Airlines deb 4Kb 1941 _J&J 275 American Aggregates Corp— New 3-6s 1943 F&A 98 105% 108% 107% 100% 1941-50.: Blaw-KnoxCo 1st M 3 %s '50 ICO T—1 Algoma Steel Corp Ltd— Conv 5s ser A 1948 M&N Allied St's Corp deb 4 %s '50. A&O Debenture 4%s 1951 __F&A 106*32 102 105% Cons mtge 3%s ser F 1959-J&J Cons mtge 3s ser G I960--F&A Cons mtge 3 % s ser H '65 _ F&A Serial debs Mar 1 40 78 151 Bethlehem Steel Corp— _ Bid Cleve Tractor conv 5s 1945 148 106%, 4%sto 1941 —J&J 3 %• series E 1966 A&O 15-yr sf conv 3 %a debs *52 A&O See 6s assented Bonds Ask 81 Bethlehem Steel Co— Abitibi Power & Paper— 1st M 5s 1953 ser A J&D / 51% Certificates of deposit / 48% Acadia Sugar Ref 4%s 1955. A&O r 100 General 6s 1954 A&O 16 80 Adams Express— 1st M coll tr 6s 1948 Bid Fdy & Ma 5s'44 A&O 59 70 INDUSTRIAL 82 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 Bonds Ernesto Breda 7s Bid Ask 96 98 .F&A 1954.. European Mtge & Invest Co— 1st lien 7M« I960 ser B —.F&A 7Hs Income 1966 wv« , 1st hen 7s 1967 ser O M&S f 7s Income 1967------------/ Everiastik Inc 1st 7s 1937-M&N Fairbanks Morse & Co— 2 12 2 55 20-year 4s s f deb 1956—-J&D 98 1947—J&D Players Canadian—■ , 1st & coll 3Ms 1940-1942-J&D Fan ous 99 25 1963--M&Sif 4 7" 63A&0/ Farmers Nat Mtge Inst Ltd 6s 1949--F&A, Fed Home Mtge 6s to 1941- -F&A / Fed Portl Cement 5s 1947--M&S, Federal Screw Wks conv 6 He 39 / 80 60 1st s f 5s 1949----------M&S Filtrol Co of Calif 5s 1946.- j&D Baltimore 79" 78 Federal Grain Finance Co of Amer at loi M 100M 1st & coll 4^8 1951------J&D Farmers Mfg Co3Ms - 31 34 41 45 88 92 1961-. --M&« 105 M Firestone T & Rub 3 Ms 48—A&O First Bohemiau Glass Works— 1st secured 7s 1957 J&J/ 8M Flour Mills of America Inc— 33M Conv g 6^% notes 1946.A&O f 36 H Follansbee Bros 5s 1947— - J&-D / 65 Fontenelle Brew 5s ww 1947 -J&J Forest Lawn Co—See Real Estate Companies Francisco Sugar 6s1956—-M&N Franklin Co Coal Co 7s w s'49J&J '53-J&D Frick-Keid Supply 6s Fruehauf Trailer del Galveston Wharf Ref 5 Ms Ref 5M« ---4&D 1940—J&D 100 4M® Dec 15 1947 J&D Gen Amer Transport 3s 1940.J&J General Bronze deb 6s *40-^M&N General Cable Corp— 1st mtge s f 5Ms 1947 ser A. J&J 101 1940 1st 5s Garlock Packing 4Mb GenElec Deb Deb General Finance— See Investing 89 102 H 102 M 26 M 58 ' 32 29 H 27 % 30 • Gen Motors Acceptance Corp— 15-year deb3Ms 105 104 X 1951-—F&A 76M 70M 74 68M Gobel (Adolf) Inc— Conv deb 4 Jus 8er Interlake Iron Corp— Conv deb s f 4s 1947—- A&O 99 M 20 " 85 87 20M 35 104 M 1945-50 J&D Gordon-Pagel 6s 1940-1944--J&D 102 interstate Zinc & Lead deb 102 Iron 104M Interstate Deb 86 M 56 1946 5?&® Co 1st 6s *43-F&A 100 Granby Consol Min & 8m 5s 1942 Grand Rapids Motor Coach— Cum inc 7s 1962 w s M&S / 67 Grand Rapids Operating Corp— 5 f deb 5s w w Graham Paige 101" 102 F&A 76 79 Grand Rapids Stores Equipt Co deb 5s 1949 Grigsby-Grunow conv 6s '36 M&S Groc St's 1'rod conv 6s 1945.J&D / 18M / 61 / / / 72 60 _ 50 101, lOOM 96M 43 20 97 M 99 18 20 97 b Basis, 100 86 M 4 81 68 M "4" 72 M 102 H 102M 98 M 99 84 86 95 McOormicks, Ltd, 4s 1952 McCrory Stores Corp— 5a s r M&N f deb 1951 conv deb 5 Ms 1950-M&N / (Tho) Corp— 93M 1st M 6s 1945 with warr__M&N 103 M Medusa Portland Cement— 1st conv 4-5 M8 to 1945—A&O 101M Appeal 4Mb 1952 M&S Mengel Co conv 4 Ms 1947—M&S Merchants 99 X 92 M Distilling Corp— 5% conv deb 1947 M&S Merchants Ice & Cold Storage— 50 A&O Mercury Mills Ltd 5Ms '53.M&N Mersey Paper Ltd 5s 1957—J&D r Gen 8 f 6s ser A 1949 M&S Messenger Corp deb 4 M« *51 J&J r 97 Conv Miller & Hart Inc. deb 6s '43. J&J Miller & Lux Inc 1st M 6s '45A&0 j Milton .Mfg Co 6s 1952 M&N Minnesota & Ontario Paper Co 1st 6s series A 1935 9 72 68 60 94 54 (Rudolph) Inc— mi M 8 38 104 95 78 103 M 100 95 M 89 11 105 104 105M 29 96 1st 6s series A 1945 A&O A&O -..J&J 6s series B 1948 1st 6s series C 1950 M&N 5-yr 6% notes 1931 M&S Minnesota Tribune & Manistiq Pulp & Paper 5 Ms 1941--M&S Missionary Sisters (Waukegan, 111) 1st ref 3M-4s 1951—A&O Mohawk Rubber ext 5s 1948 A&O Moirs Ltd 1st s f 6s 1953----J&J Molybdenum Corp of Amer— 6% notes 1942 J&D 70 102 51 33 M 35 X 35X 35M 12 X 100 99 M 94 M 69 Monon Coal—See Chic 24 — mrnm.rn.mm m. mm m mm — — - National Central 80 90K 53 100 95 38 3 101 mmm.rn .... 13 .... National Central Savings Bank 100M n 67 M Funding— (Hungary) 7 Ms 1962 F&A Natl Consol Bond Corp 2-5s 1953. 74 rn.rn.mm 80 Bondholders All series 89 k Last sale, 88 95M Ind & L Ry. Monong Riv Cons Coal & Coke— 118 1st 6s 1949 A&O 96 M 102M Monroe Coal Mining 6s '47--F&A Montreal Cotton deb 5s '43-M &N r 103 97 Montreal Dry Docks 6s *48-F&A / 91 47 Morris Plan Corp—> See Investing Companies 98 Mtge Bond Co (Md) 2-5s Dec 1'53 Mortbon Corp— 99 Coll A 2 80 M-5s ser 1 1941 J&D 84 Coll B 2M-5s ser 2 1946 -.J&D 74 Call C 2M"5s ser 3 1951 J&D Coll D 2M"5s ser 4 1956 73 J&D 78 97 M Mosinee Pap Mills 1st 5s *51 A&O 65M 90M Motor Transit inc 6Ms 1952.J&J 93 M Munising Pap 6s A &B 1943-A&O Munson Steamship Line— 105M Secured 6s 1937 36 M J&J Deb 6Ms Jan. 1 1937 wwA&O 2M 104 H Certificates of deposit 2M 105M Namm (&A I) & Sons 6s 1947F&A 95 14 Nassau (Ger) Landbank 6 Ms 1938 4 Nat'l Acme 4 Ms ext to '46--J&D 102 M 33 25 8 100 f deb 6s 1947 15 19 80 58 97M J&J 96 Metropolitan Ice 7s 1954--.J&J 64M Miag Mill Mach'y 7s 1956—J&D f 16 % Middlp States Petrol 6M" 1945— 100 Miehle Printing Press & Mfg— Deb 5Ms 1948 —F&A 102M s —. / / / / 91 104 M 49 98 M Keyes Fibre Company— 1st 6s 1940-1949 M&N Kings Co Refrig 6s 1942—-A&O Kingston Elevator 1st 6s '50 M&N Kirby Lumber 1st 4s 1947-J&J 16 Knudsen Cream'y 5Ms '50-M&N Koehring Co (Milw) 6s 1945.J&J Koholyt Corp 6 Ms 1943 M&S Koppers Co 4s 1951----—M&N Kresge Foundation— 10-year coll tr 4s 1945 J&J 3 M° coll trust notes 1947-F&A Kreuger & Toll— 5s uniform ctfs of dep 1959 La France Textile 1st 6s '42-J&D Lake Erie Bolt & Nut— 5-6s April 1 1946 --J&J Lake St John Power & Paper— 1st 5Ms 1961J&J Debenture 5s 1961 An Apr Lancaster Corp 3Ms A 1949-J&J Lane Bryant inc deb6s'40wwM&N F&A J&J 1st 6Ms 1943-49 Gas— f This price includes accrued Interest, MeOol) Fronteuac Oil— 1st & coll 4 Ms A 1949——A&O Memphis Commercial— 93 M 50 Kentucky Rock Asphalt— 3H-6MS 1945. Keokee Cons Coke 6s 19 62 92 20-yr 97 2 62 40 M McCoid Had & Mfg— 6s stamped 1948 Mead 55 f 5s 1950— (par $925) 1943 78 M&N McKesson & Bobbins Inc— 100 94 M 88 97 X f 4s Feb 1 1957 s 1st _urnarl of Oomm 6Ms '47— 6s with warr 100 106M 103 102 M 102 M J&D 10 X Mackintosh-Hemphill 5s'51-J&D Messer Oil 1st & ref 6s 1942—J&J 7s '32 / 1st 6s 1943 with Am shs._M&N Ctfs of dep w w stpd 1943 6s stamped (par $925) 1943 21 "f 125 X 128 104 M 64 74 106M 102 M 64" 93" 90 104 H 52 97 2M 2M 77 Harborside Warehouses— 74 38 49 - Called Apr. 1 at 101M* 100 76 50 60 % 93 20J-8 48 _M&N / 48M Gypsum Lime & Alabast— 5Ms 1948 M&S r 100 Hale & Kilburn 6s '39 stmp._ J&D / 23 Hamilton By-Prod Coke Ovens— 1st s f 5s ser A 1955M&N r 102 M Gen sinking fund 6s 1956. jA&O r 98M Hamilton Cotton 4J£s 1950-F&A r 100 95 X Hamilton Mfg 5s w w 1951 M&S 25 Ham'd Standish 3-6s 1947--A&O Hansa Steamship Lines— 47M 10-yr 6s 1939 w w_ A&O Non-cum inc 6s Jan 1973 / Harpen Mining Corp— 6s with warr for Am shs J&J Harris-Seybold-Potter— Conv s f deb 5s 1951---—A&O Hart Coal inc 6s 1945 / Hatfield-Campbell Creek Coal 1st 6 Ms 1948 M&S 92 112 70M Jones & Laughlin Steel— 1st mtge 4Ms ser A 1961-J Karstadt 64 H 6 1st 5s series A w w 1952— 100 Gurney Foundry Ltd— 1st 4-5Ms (w s) 1949 * s 98 99 M 109M 103 M 7s without warrants 1941-M&N / 17 Maple Leaf Milling— 5 Ms to 1949 57 J&D Marine Elev (Buff) ext 5s '52M&S Marion St'm Shovel 6s '47--A&O 71" Certificates of deposit--64 X 93 Massey-Harris 1st 4Mb 1954.M&S Matthiessen & Hegeler Zinc— Extended 3-6s 1945 M&S 80 Jefferson & Clearfield Coal & Iron Kansas Pipe Line & 1961.A&O Gulf States Steel 4 Ms - 50 73 72 81M (F L) 5H% dividend 1942 !29M Manhattan Refrig 5Ms 1941-J&J Mansfield Min & Smelting— ioi 3M Corp 2-5s Jan 1 '55 Indiana Co 1st 100 Grand Trunk Ry Terminal 6 Cold Stor 1st 6 Ms 1952. A&O Granite City Pig Iron— Cum Inc 5s 1943 M&S Graton & Knight 4J4s *51—J&D Great Lakes Paper Co Ltd— 1st if 5s 1955 -„-A&P Griess-Pfleger Tan'g 5 Ms'48_ J&D Cum income l-5s 1954 J&D Jacobs 78 125 H 19 6 City-Ohio River Corp— 6s Dec 1 '48-F&A / ser 6s Dec 1 *48 F&A / J&D Tsotta Fruschini 7s 1942 notes 72 J&J 6s extended 1942 72 70M 100M Ohio Riv 89 Ji 13 M 101" Loiillard tP) tJo g is 1944—A&0 5s. 1951 F&A Lukens Steel extend 1955 M&N 1st 3M Iron City ser Gotham Silk Hosiery— 53 H Manati Sugar 1st 7Ms '42--A&0 Ceitifieates of deposit— 103 1941—A&O International Paper— 1st & ref s t 5s 1947 ser A.. J&J 1st & ref s f 5s ser B 1947.-J&J Ref mtge 6s 1955 ser A —M&S (nternat Pow & Pap of Nfld— 1st M 5s 1968 J&J 1st 4Mb 1968 J&J 96 95 B Logan County Coal 7s 1942.M&N 1st ext'd l-4s 1956 M&N 5 Agricultural Corp— 5s 1942—M&N Goodrich (B F) 4J£s 1956---J&D Gordon Baking Co (Mich)— 5s series 97 M 33 tnternat Mercantile Marine— 70M 24 M 53 M F&A Lincoln-Boyle Ice 6s 1947 A&O Lindsay Nunn Pub 6s 1944--M&S 1952 A&O Liquid Carbonic conv 4s '47-J&D Loew's Inc debsf 3 Ms 1946.F&A 7 1st & coll tr s f International Match Corp— Deb s f 5s 1947JM&N Certificates of deposit Conv deb 5s 1941 J&J15 25 24 M Lion Oil debs 4Ms 85 M 1st M coll trust 6s A 1941-M&S Gold bonds 5s 1951 13 M Certificates of deposit 70 Ir Wks (Germ'y) 15 1945—A&O 15 / 27 18 Good Hope St & 5 f g 7s Oct 25 Hydr Press Brick 6s 1944-- -A&O Hygrade Food Products Corp— 1st & ref 6s Jan 1949 A A&O 6s 1949 series B_ —J&J Illinois Steel deb 4 Jus 1940. A&O II Progresso Italo-Amer Pub— Debenture6 Jis 1943 ww-.A&O III Car & Equip 5s 1948 J&J Hseder Steel mtge 6s 1948---F&A Independent Brewing 6s '55-J&J Indian Refining 5s Dec 1 1941— Indiana Ice & Fuel 6 Ms *47-M&N Ind Limestone inc 6s 1952-. M&N Prior lien s f 6s 1942 M&N I Indianapolis Motor Speedway— 1st extended 6 Ms 1946—F&A, Industrial Acceptance 4s 1952 J&J r Indus Rayon 4Mb A 1948—J&J Ind Br'nhoist 6s Oct '54_An AprInland Car Lines 5s 1944 Inland Steel 3 Ms ser D 1961.F&A Inspiration Consolidated Copper 1st mtge conv 4s 1952—A&O Inter City Baking 5Ms 1948.J&J r 100 1 '44-J&J 71 98 M 75 97M _ Globe Industrial Loan— See Investing Companies. Globe Wernicke 6s Oct 101M 101M 5 Intern at Steel Wares— 98M 4 Ms ser A 1952----------A&O r 80 M Georgia Marble is*- 6s 1950.M&N 102 Gerlack-Barklow Co 6s 1950-F&A 18 German Atlantic Cable 7s 1946__,/ / 14 German Bldg & L'd Bk 6Jus 1948i/ General Glrard Pt Storage 3Ms 1940-A&O Glen Alden Coa. M s f 4s '65 M&S Leonard Tletz—See Tietz Leipzig Trade Fair 7s 1953-M&N Libby McNeil &Llbb 5s '42.A&0 1st mtge s f 4s 1955 J&J Liberty Baking 6Ms 1944-—M&S Liggett & Myers g 7s 1944--A&O Credit Mfg 7s 1937 J&J / Hungarian Disc & Exch Bank— 35-yr s f 7s 1963 J&J / Hungarian-Italian Bank Ltd— Sinking fund 7 Jis 1963...A&O — Companies. Gen Rayon deb 6s 1948 w w. J&D f Gen Stl Cast 1st 5^s '49 w w.J&J 100 Hungarian Central Mutual - 100 *A 88 -J&D M&N 1940— f 6s 1948 425 37 Ji 101 (Germany) 7c 45.J&J15 6Ms s Stamped 1974 Sec 6% notes ext to 1943--J&J Stamped 1943 65 65 J. F&A 76 20 98M 98M 1951----J&D 1954——J&J 70 37M F&A 1964- 1st & ref 5s 1974 10 Co— series A series B Stamped 95 M 51 49M i 63 _ 62 1954 1st & ref 5s 1964 94 100M 61M 45 101M 10iys 6s 1972 Stamped 35 F&A 1st & ref 5s 1954 85 35 112 1st mtge income 1975 J&D Lehigh C & Nav fund 4s '48 J&J Cons s f g 4Mb 1954 J&J Cons s f 4Ms 1954 ser O-.J&J Lehigh Valley Coal— 1st 5s stamped 1944 f 98 32 M 109 1943--J&D 4M«'47A&0 87 80 97 M&N 4Jissf debs 1954 80 79 94 Hudson River Day Line— S f 1st mtge 6s 1946 J&J 2d mtge inc 6s Feb 1956——— 70 108 91M Hudson Coal 1st 5s 1962 A—J&D 52 Ji J&J Gair (Robt) incon e notes 106 50 X Lines 6s "52 Frick (H O) Coke 5s to 1944-J&J 27 90 M 90 Houston Oil ''o of Texas— 52 Nat Mail 8S French 25 _ 40 26 % Sf 6s stamped Franklin Deb Corp 4-6s Fraser Co 6s Jan 1 1950 - 103 M 4% notes 1947—-——--M&S Finland Residential Mtge Bank— 110 J&J Haytian Corp inc 8s Oct 1938 Hearst Publica 6 Ji« to 1947 M&N Healey Petroleum deb 5s 1948 J&J Helvetia foal Aiiu 1st 5s'6h-A&0 Heywood-Wakefield 5s 1946 J&D Hightstown Hug «Ms v w 1^44 Hill Mfg Co ext 6s 1945 M&N Hines Land it Timber 6s '48 ,\&J Hoberg Paper Mills 5s 1946 -J&J Hoe (R) & Co 5-7s 1944 ws A&G 4M-6Ms 1st mtge 1944-—A&O Holland-Amer Line 6s "47.-M&N x Holly Sugar Corp— 1st 25is 1940 A&O 1st 3 Ms 1941 A&O 1st 3 Jis 1942 A&O 1st 4s 1947— A&O Home Serv Corp 6s 1957 A&O Home Service (Portland. Ore)— 1st coll 3~5s 1950 A&O Housing & Realty Improv— (Berlin) 1st 7s 1946 M&NT/ . 107M Bid Lautaro Nitrate Co— 1st 6s s f 1946 12 107 X Bonds Ask Hawley Pulp & Paper Co— _ Falstaff Brew deb 6s Bid Bonds bonds lsaue Nominal, x Quoted In guilders. 5 88 .... March, 1940] INDUSTRIAL & MISCELLANEOUS BONDS 83 NOTICE—All bond prices are "and Interest*' except where marked "f" and Income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bonds Bid Nat Container deb 5 Ms *52-A&O Nat Dairy Prod 3 H4s w w'51 hi&N Natl Debenture Corp 3~6s 1953— 1947856 Ask 97 M Bonds 99 106 H 52 M 107M M&S 105 97 Phillips Petr 3s 21M / 5 107 109 1946—M&S / 26M National Steel Corp— 1st coll M 3s 1965. A&O 102 Serial notes M% 1940 100 A&O 1% 1941 A&O 100 M 1 X% 100 M 1942 .A&O 1943 A&O 100M 1944 A&O 101 A&O 101M A&O A&O A&O 102 102 H 102 % A&O 103M 28 Pitts Steel J&D 102 H 100M Port 102 M 103M 25 M 29 30"" 85 80"" A&O 1st 6s ext 5M% 1942 M&N / NYLE&W Dock & Impt— 1st mtge s f 68 1 946 J&D 6s stamped 1946 J&D Partic deb 2d mtge 7s 1946 J&D 98 52 H 52 64M 69 85 90 29 Nivelle Corp 4s 1952 M&N Nordberg Mfg Co 1st 6s 1943M&S 31 45 M 102 b 4.30 b b 4.30 4.30 b 5.00 M&N M&N Refrigerator Line Equip trust 4s ser I Jan 1 '41-'43 Equip tr 4s ser J 1940.46-J&D Eq tr 3 Ms ser K 1940-48- A&O Northern Elec & Nor Pap Mills— 1st 4« 1940-1947 M&N 1st mtge 5s to 1948 M&N Debenture 6s 1943 M&N 3.75% 4.00% 99 H 94 Income 6 Ms 1953 M&S / Nor Amer Refract 6 Ms 1944-J&J / North German Lloyd— 20-yr s f 6s 1947 New 6-4% 1947 3.75% 3.75% / 36"" 34 45 60 80 28M 30M North Western - b b 3.25 b 3.00 lst mtge s f 5 Ms ww 1945-F&A 5 Ms without warr 1945-F&A perpetual conv s f 97"" 99 88 91 12. stock 89 93 86 M 82 88 J&J fr 40 J&J r 83 3)48 1963 OceanSSCo (Savannah) 5s '43J&J O'Connor Moffat deb 6s 1948F&A 82 O'Gara Coal 1st inc 5s 1955 M&S f Old Ben Coal Corp 6s (w s) 1948 10 32 Inc deb 7 Ms (w ■) Aug 1 1953. f Oregon-Am Lumber6s 1942-A&O f Oregon Pulp & P 6s to '45--M&N Oreg Terminals inc 5s 1945—A&O Orono Pulp & Paper— 6s stamped 1943 J&J / Osgood Co deb g 6s 1943 J&D Oswego FallsCorp 4 Ms 1952-M&S 8 - Without warrants Otis Steel s f 4 Ms A 1962 J&J Oxford Miami P+per 6s 1947.F&A 84"" 95 13" 39 98M 19 42 22" < 30 66 101 102 74 H Pacific Atlantic SS 2-5s '43-M&N f Pac Coist Cement 6s A 1942-J&D Pacific Coast Co 5s 1946 J&D Pacific Western Oil 3 M 1949.F&A Pan-Amer Industrial 7s '37-M&S / Pan Amer Petrol Co (of Calif)— 1st 9l"" 98 X Wire Co- Nova Scotia S & O 5s 1959—J&J 1st 2.00% 2.75% 2.50% 99 Northern Redwood Lumber— 6s 1937 J&D f N'west Pub's Deb 434* 1948-J&J 6s 2.65 75 H 91M 85 82 83"" 59 60 M 99 100 IX —- f 6s 1940 J&D15 / 35 Certificates of deposit f 35 Pan Amer Petroleum & Transpt— 7-yr div notes 3M« 1943—J&D 95M 7-yr div notes 3 Ms 1944--J&D 96 Panhandle Eastern Pipe Line— 1st mtge & lien 4s 1952 M&S 103 H Paramount Famous Lasky 6s 1947 f 115 Paramount Publix 5Ms 1950 / 115 Paramount Pictures 3 Ms '47.M&S 85M Parmeiee Transportation Uo8 f conv deb 68 1944-. .A&O 42 M Paton Mfg Ltd 1st 4 Ms '56.M&S 78 Pea body Coal Co (Consol Co) 1st s f 5s 1953 ser A.. ..M&N 95 M Peerless Cement 1st 5s 1948- J&J 97 conv s mm mm — *» 103 X 8514 Penman's Ltd 1st 5M8 '51—M&N Penn Amer Coal 6s 1941-56--J&J Penn Dairies 1st s f 6s 1949—J&J Penn Mercantile Properties— Secured s f 3-4s 1961 J&J Pennsylvania-Dixie Cement Corp 1st m s f 6s 1941 ser A.M&S15 r 48 95 M 1st s f 4Ms 1960 J&D 106M 10O 1946 100X 100 97M 3.50% 4.00% 4.50 / 31M / 300 72M 24M r 99 M 101M 102 Silesian-Am 2M Corp 7s 1941. 3M 103 M 98 Simpsons Ltd— 1st & coll 4 Ms A 1951 Skelly Oil deb 4s 19*1 105 99 98 25"" 102" 81 * .T&J 99 M / f 57 M 57 M 78 78 96 98 Smith 100M (Howard) Paper Mills Ltd 80 88 54 Socony-Vacuum Oil Co— 52 M 3s debentures 1964 South Coast Corp— 85 52 M 50 54 1st gtd 83"" 81 97 M&N . 82 Sou _ 64"" liheinelbe Union 7s 1946 3 M8 assented 1946 100M 101 101M 102 102 M 102 M 77 99M 98 108 Rhine-Main-I >anube 7s '50 M&S Rhode Island Ice 5« w-s *51—F&A 19 Richardson & Boynton Co— Cum income 4s 1915 J&J / Richfield Oil of California— Conv t, f 4s 1952 M&S Richmond Cedar Works 6s 1953. Richmond Hos Mills 5s 1948-F&A Richmond (Va) Tee Co— 1st & ref 5-6 Ms 1947 A&O 100 M 99 M 111 106 H 12 102 45 19" 17 M 80 82 1M 2 21 29 35 99" 73 M 54 f 105M 7 83 F&A / 6% notes 1937 Sayre & Fisher Brick 6s 1947.J&J / Schoenstadt (H) & Son 6s 1950 Schulco Co 6Ms 1946 J&J / Stamped (July 1933 coup on) f 6 Ms 1946 ser B..A&0 / / / 14 13M 12 11M 79 M 28M 28 M 43 M 43M 105M 105M 103 104 M 105 M 105 H 10 5H 99M 22M 43 Stinnes (Hugo) Corp— 2d stamped 1946 A&O 20 26 Stinnes (Hugo) Industries— 2d stamped 1940 J&J Strange (John) Paper 6s *44--J&J 35 37 .... 96 Strawbridge & Clothier— s f 5s Struthers M&S 1948 102 M 103 m Wells Titusville— 1st mtge s f 5Ms w w 1949. A&O Studebaker Corp 6s 1945 J&J 83 1951 84 108M A&O f F&A m 110 1 3 70 •• 15 16M 26 31 Superior Elevator & Forwading— M&N / 20 M 60 105M 74 50 106 M 104 M 106M 105 m 90 M 92 98 M&S r Ticonderoga Pulp & Paper 6s 1940 97 Tide Water Assoc Oil 3M* '62J&J 105M Tietz (Leonard) 7Msx-w '46-J&J / 16 Tilden Lumb & Mills 6 Ms'46M&S f Tivoli Brewing conv 5s 1947 J&D 7.9" 102 s fA Ms ser A 1961 A&O Trask Timber 1st 3s 1944 J&D Uchi Gold Mines 1st 6s 1941 J&D 99 106 40 10 75M 84 r 93 95" Ulen & Co— Conv 6s 4th stamp 1950--F&A Unified Deben Corp 5s 1955-. 8 48 8M 50 10 Union Oil Co of California— 6s May 1 1942 ser A F&A 111M 112»« 87 3s debentures 1959F&A > 101M Union Rock 1st 6s s f 1947—M&S / 16 Union Term Coal Stor 6s *39-F&A 100 United Amusement Corp— lstsf 5s ser A1956 80 —F&A 101m (Germany)— M&N / _J&J / 57 % 107 M 99 M Tomahawk Kraft Paper— 1st 5s (with stk) 19ol Corp— 20 30 F&A Term Warehouse 2d 5s '42—J&J Texas Corp deb 3 Ms 1951—J&D A&O 3% debentures 1959 Thermoid Co 5s w w 1951 J&D Three Rivers Grain & Elevator— 6 J&D / 20 { I7... Stillwater Worsted Mills— Deb 5 Ms A1943 1st 14 96 • 44 M Dairy Products— Sink fund deb 5s 1938 J&D / 4 Swift & Co 3Ms 1950 105 M&N J&D Taggart Bros Co 6s 1944 100 Taylor-Warton Iron & Steel— Coll Inc 7 Ms July 1 1958.-A&O f 72 Tenn Coal & RR 5s 1951.-J&J 128M Tenn Prod 1st 6 Ms 1938 &J / 73 Term Refrig & Warehouse Corp— 4Msl948 A&O 100 95 105M 103 M 13M 13 M Rky Mt & P 5s *55 stpd J&J 43 A&O 100M Susquehanna Silk Mills— 103 —A&O Southern United Ice Co— 1st 4s w s 1950 6s Jan 1 1951 8M Roman Catholic Church 6Ms 1946 Rom Cath Church Welfare 7s 1946 Ruhr Chemical 6s 1948 A&O Ruhr Housing 6Ms 1958... J&J Sahara Coal inc deb 5s '40.M&N St Louis Amuse't 1st 6s '45-A&0 St Louis Car Co— 1st extd 68 stamped 1945-M&N 63 99 X 1 st 78 1942 ctfs of dep M&S f Sugar Pine Lumber Co— 1st M serial 6s 1940-1942-M&S / Summerfield Hecht— 4 87 A&O 11 Kraft Corp— 1st leasehold 4 Ms 1946—.J&D Southern New England Ice— 1st s f 4 Ms 1967 A&O Stutz Motor Car 7 Ms 1937-_ Sugar Estates of Oriente—- 48 M Roiis Kovee of Amer 7s 1937 M&S Stamped. 94 % 95 M 108M 78M 35 100 1st extl s f 7s 1945. Gen & ref 6 Ms 1951 94 Improvement 1st 5s '41- / Extended 3-5s 106 45 I 5s 1946-M&N Rocky Mtn Fuel 5s 1943 ..A&O Rolland Pap 1st 4 Ms A '51-M&N s 101 2 Roch & Pitts C & Guar 101H 5 100 M 40 Pub Wks 28 16M Richmond Radiator 5s 1948 M&N Rima Steel Corp 1st s f 7s 55 F&A 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 1st Msf 6s 1947 80 1st 28 Coke 80 A&O ice & Util conv 6s 1946. F&A Starrett Corporation— Secured cum inc 3-5s Apr 1950- / 21.M Co of Can 6s 1940 J&J r 111 Stern Brothers 6s s f 1947 J&D 83 Stevens & Thompson Paper— 3 Ms extended to 1958 / 38 74 M J&J Mss 1940-1948 80 Steei 61 94 M 95 M 107M 103 Spalding (A G) & Bros 5s '89M&N / 57 Staley (A E) 1st mtge 4s '46-F&A 107 Standard Ice 1st 6s 1947— F&A / 6M Standard Oil Co (N J)— Debenture 3s 1961 J&D 105M 15-yr 2%s deb 1953——J&J 104M Serial notes 1M% 1943 J&J 102M 104 2% 1944 J&J 2 M% 1945 104 M J&J 2M% 1946 J&J 104 M 2M% 1947 J&J 105M Stand Textile Prod 6 Ms '42 M&S f 23 Stanley Co (Camden) 6s '40 J&D 99 Stanley Crandail 6s 1946.-F&A 99 Stanly-Rowl-Clark 6s 1946--F&A 98 102 M 100 H 101M 100 M 89 101 75 Conv income 5s 1944 102 M 103 M 25 104K 87 75 Southwestern Devel 4s 1943-J&J S'west Lumb Mills 5s 1955. -M&N f Serial notes— — 104M J&D Southwest 104M 40M to 102 J&D 1st gtd 95 Quincy Market Cold Storage & Warehouse 1st 5M8 1946.M&N 100M Radio-Keith-Orpheum Corp— Part paid ctfs (for 6% deb and common stock) 65% paid— Debentur? gold 6s 1941--J&D / 50 M 68 stamped 1941 J&D 50 Midwest dorp ref 6s 1940-M&N 93 Railway Express Agency Inc— M-l % June 1 & Dec 1 1940 M-l X % June 1 & Dec 1 '41 1 M-l M % June 1 & Dec 1 '42 1 M-l X % June 1 & Dec 1 '43 1 M-2% June 1 & Dec 1 1944. 2-2 M % June 1 & Dec 1 19452 M-2 X % June 1 & Dec 1 '46 2 M-2 M % June 1 & Dec 1 *47 2M-2M% June 1& Dec 1 '48 Railway Wmouse 4-6s (w-«) *47Realty Bond & Mtge deb 3-6s '53 Reliance Grain Ltd 4M81952-J&J Remington Rand Inc— 20-yr deb 4V^» w w 1956—M&S 4M8 without warr'ts 1950 M&S Republic Steel Corp— Gen mtge 4Msser B 1961.F&A Gen mtge 4 Ms ser O 1956 M&N Purchase money 5M* *54.M&N Restigouche Paper Ltd 6s '48F&A Revere Copper & Brass— 1st mtge 4Ms s f 1956 J&J Reynolds Met deb 3 Ms *51—J&D Rheem Mfg conv 5s 1948 A&O 7s 1940--. 6Ms 1940 100M /2 J&J Southern Ice Co— 1st & ref 5-8s 1942 98 % 84 104 M b Gen mtge inc 6s April 1950 Southern Advance Bag & Paper— lstsf 6s 1947 J&D Southern Brighton Mills— 89 13 Roman Catholic Bishop (Portland Me) 4s 1958 3-3 Deb 2% to4M% to 1946— mith & Wesson 5 Ms 1948— 50 M 55 82 1st* f5«1953. .. 50 A&O - St Paul Un Stk Yds 5s 1946. A&O Saltex Looms Inc 6s 1954 A&O 52 4.00 93 103 Southern 96 X loo" 95M 93 X SiemenS'W Halske— Southern __ Pennsylvania Glass Sand Corp— )b Shuron7Optical 6s 1951. 106 X 99 Saratoga Victory Mills— 6Ms with warrants 1943—.J&J • 95M 90M l6 106M 5M® 1947--M&N Purity Bakeries 5s 1948 J&J 3u*ker City Cold Storage— 4axon J 3 99 3t L 95 93 J 69 Shippers Car Line— 1 110 M&S 43 M 80 107 1954 f 6s 1947 ...M&S Produce Term & Cold Storage— 1st' Income 6a 1958— J&D Protestant Church of Germany R Louis Gas & - debs s 82 1 '40-M&S M&S 1st . 103M North American Car— Equip trust 4M« Aug 1 '40-'46. Equip trust 4 Ms Nov 25 '40-'43 Equipt tr 4Mb 1940-47 J&D16 Equip trust 5 Ms Sept 1 '40-'44 North American Cement Corp— 2 Ms 103 M 86 M 85M 67 M 103 M Sheridan-Wyoming Coal Co— 19M M&S M&S Prov Paper T td 90 H 90 M 88 % 88 J&J 1941 deb 4s 1957 1st 3s 1940 1st 3Ms 1941-1943 conv 7s tNew York World's Fair 1939— Northwestern Barb Potomac Md Deb Corp 3-6s 1953 Potomac Realty Atl Deb Corp— 1st 6s 1957 Extended at 5% to 1943—J&J / 60 N Y Shipbuilding 1st 5s '46.M&N 100 New York Trap Rock Corp— 1943. 5s to 1941 M&S Potomac Bond Corp 2-5s 1953— Potomac Cons Deb Corp 3-6s '53. Potomac Deb Corp 3-6s 1953 Potomac Franklin Deb 3-6s 1953. Pressed Steel Car Co 5s *51—J&J Price Bros & Co Ltd— 95 109^ 108M « 1st conv 3-6s 1951 Ai Securities Accept Corp 5> *46 Ji S.ie'l Union Oil Corp— 10 Collieries Potrero Bug 7s stmp 1947—M&N Pratt Cons Coal 1st s f 5s *55 J&J 50 M 50 1945 Royal Pulp & Paper— 2d Conv 5% notes 1947 NYLE& WO&RR— Mfg Co 5M8 Ask 96 M 102 M 112 18M 2M M&N / Consnl 3-6a 1953 Newport Industries— warr 1st ref 5s 1936 Pocahontas 6s stamped 1942 2-5s series B 1954 J&J 98 Nekoosa-Edwards Pap 6s'43_J&J 101M New Eng Laundries 5s 1956.J&J 75 New Niquero Sag 3 Ms'40-'42-J&J f 26 Subord notes 5s 1947 J&J N Y Dock Co 'st g 4p 1951.P&A F&A . 1st gold 5s 1957 J&J Poor & Co s f deb 4s 1946—A&O Portld Woolen Mills 6 Ms*41 M&N Porto Rican Amer Tobacco— Conv 6s 1942 J&J . Gen &..coll s f 6M8 1940-— A&O / Coll trsf 6Ms 1943 A&O / Natl Tool conv deb 6s w w '42F&A Nat Union Mtge 3-6s A '54—J&J f bg 1 948. s Bid >/ Pitts Term W'house & Transfer— National Supply— 1st M 3 Ms 1954 National Terminals Corp— 6Hs 111M 103 X Pickering Lumber 6s A '46. M&N / Pierce Butler & Pierce 6 Ms '42. / Pine Hill Collieries 1st 6s '42 A&O / pittsfi Brewing fis Feb 4 '49. I&J Pittsburgh Coal deb 6s *49 F&A Pittsburgh Coke & Iron Co— lot mtge conv 4 Ms 1952—M&S Pitts Crucible Steel 5s to '45.M&S 47 M J&D Scoviil 111M 12M 3% Phoenix Silk Mfg 7s 1943-—F&A f Cum income deb 5s Deb 6 Ms A with conv deb '48.M&S 1 st s f 6s I 946.M&N - See Investing Companies Nat Oil Prod deb 4s 1952 National Radiator Corp— Deb 4s Phoenix Iron Bond? 36 111 100 75 Nat Ice & Cold Storage (Calif) 1st s f ext 3Ms-6s 1952 J&D National Industrial Loan— " J&D 105M 20M Ask I -.M&S f Phila & Read O & I 5s 1973.-J&J 11X Conv deb 6s 1949 -_M&8 f 3M Phillips Elec Works 5s 1953.F&a r 100 National Fire Proofing-Co— 1st M conv 5Ms A 1946.M&N Cum conv inc 5s 1952 M&N / Natl Grocers Ltd 4s 1947—A&O Bid ^helps Dodge 3 Ms 1952 N»tion:il Distillers Products— Conv 3 Ms debs 1949 Fettibone Mutliken— 68 w w 1943 16 . — — » 13 United Biscuit deb 5s 1950--A&O 17M 82 107 H ______ 29M 29M 45 * Called April 1 at 102M. t Called at 100. $ Quotation on $89.50 of principal amount; 5% / This price includes accrued interest, k Last sale, n Nominal, r Canadian funds, s Sale price. . was paid on July 2 and 5M % Sept. 25. 6 Basis# MISCELLANEOUS BONDS INDUSTRIAL & 84 All bond prices are "and Interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue NOTICE United Cigar-Whelan Stores— 8 f 6s Oct 1 1962 —-A&O ^ r United Corps Ltd inc 5s 1953 F&A United Elec Goal Cos inc 7s 1948United Drugs 6s 1953 United Grain Growers 5s series 1948. A 5 %s series B 1949 United Merch & Mfrs 6« United Industrial 1st 6s mm 95 m - 98% 99 98 -MAN f 20 45-J&J Corp— _a 99% Conv 92 U 8 Steel Oorp 3 %s debs '48 J&D United Steel Works (Germany)— J&D 23% 14% 23% 14% 23% 14% 1951 -_ 3%s assented A 1951—---1951 —J&D 3%s assented O 1951 6%s series A 1947 J&J 334s assented A 1947. United Stockyards Oorp— 15-yr coll tr 4%s A ww 51 A&O United Wall Paper Fac 6s 1947-Universal Sewer Pipe 6s 1943.J&J Utah Ice & Storage (Golo)— 6 %s series O Utilities Elkhorn Goal 6s Vicana Sugar Co 6s Victor Amer Fuel 6s 101% 7% 101 47 57 99% 112% '§65 2,000 1,500 3,500 1,900 76 Boston Stock Exch. 139 58% 348 99% Chicago Stock Exch Cleveland Stk ExcL Detroit Stock Exch Ft Worth Gr & Cot 66 350 Kan City (Bd of Tr) 213 75 3,700 115 20 Los Ang Stock Exch Stk. 161 Minn Ch of Comm. 523 100 «80 New Orl Cotton Ex 500 25 New Orl Stock Ex. Phila Stock Exch.. 70 200 Exch. 100 450 St Louis Exchange. 43 43 69 30 500 Minn-St P Stk Ex. 18 99% 75% 74% Pittsb Stock Salt Lake Stock Ex. San Fran Stock Ex. M&S 5%s 1943-- Seattle Stock Exch 1 83 '38-A&0 Seattle Curb & M. Witherbee Sherman Inc— 99 J&D 6%s w w 1944 k Last sale, 500 375 650 3",500 4",666 "155 6",665 700 450 i",665 400 "255 200 J Toronto Stock Exch Washington Stk Ex 113 40 20,000 101 Winnipeg Gr Exch. 463 4,000 r 1,750 3,500 16,500 68 Private, n 550 500 1,400 Montreal Stock Ex. 106 99 60 Milw Grain & Montreal Curb Ex. 17 105% 41 90 12 1952 n 3,250 1,850 525 1,500 2,250 650 150 1,000 1,000 6,000 18,000 950 100 700 12 85 200 Baltimore Stk Exch 102*32 J&J M&S f This price includes accrued interest, b Basis, "850 75 Assoc membersh. Chicago Bd of Tr._ 1.549 Chic Merc Exch 473 Woodland Farm Dairy— 79 99 52,000 7,000 1,850 Lout Sole Exch—1,375 $50,000 450 ~ 6,500 N Y Oof & Sug Ex. 344 1,850 N Y Curb Exch... 550 7,000 Commodity Exch.. 907 850 NY Prod Exch 1,318 150 49" 102 Extend Income 6s 1903—-M&N Vulcanite Portland Cement— Called Mar. 15 at 101. '£" Winslow Bros & Smith— 45" 47,000 6,100 1,500 109 SEATS N Y Cotton Exch.. 99% ser A 1955—J&J debs3%s 1947-----A&O Wilson (W P) inc 6%s 1945-M&N Wise Lime & Cement 6s 42% 1st 7%s 1943 -—M&N Wabasso Oot'n 3 %-4 %s *51 F&A * 99 Oonv 92 Va Iron Coal & Coke 5s '49-M&S 4s 105% No. 100 60 55 105% 108% N Y Stock 88" 114 90 Voungstown Sheet & Tube— 1st M « f 4s ser o 1961 M&N Conv 4s debs 1948 ....M&S 95 83 108 94% 88% 6s 1943 EXCHANGE 82% Wilson & Co 4s 39"" 37 27 98% 98% A&O J&D Debenture 103 ... 2?* 1940—F&A 1953--J&J VaJHardwood Lumber 6s *42-J&D 32 rF&A A 1930 Wilbur-Suchard 1955—J&J —J&J Yates-Am Mach 3-6%s *44-A&O York Ice Mach 6s 1947 93 r 4%s series A 1952-.. -J&J r 97 106 Woodward Iron 1st lien 5s '62J&J 2d conv inc 5s 1962_.Ann Apr "f 112 Woodward & Tier nan Print— 28" 24 Weyenberg Shoe Mfg— Debenture 4%s 1945--.—J&D Wheeling Steel Corp— 1st M s f 4%s ser A 1966--F&A Whitaker Paper 7s 1942 M&N White Sewing Machine— Deb 6s 1940 M&N Wickwire Spencer Steel— 7s certificates of deposit 1935— Prior lien 7s certificates 1935. ser J&J 6s 1942 74 27 3 Secured 6s 1945 12% 80% Victor Fuel 1st s f g 5s 88 Bros Co— s f deb 6s 1941----M&S 5-year 7s 90 *46--J&J 87 73 49 5%s notes 1937 M&S Warren (S D) Co— 1st mtge s f 4%s 1952M&N Conv deb 4 Mb1952 M&N Watab Paper 1st 6%s 1942--J&J Webster C&O 1st g 5s '42 op M&S West Boylston Mfg 7s 1942--J&J West Indies Sugar 6s 1947--A&O Conv deb 6s 1944 92 104% 74 Vertientes-Camaguey Sugar— 1st coll conv 5s 1951 A&O Vertientes Sugar 1st 7s 1942— Certificates of deposit Viau Biscuit Oorp 6 %s 20 88 Van Gamp's Inc 1st 6s 1943.-J&J Van Dorn Iron Wks 7s June 1 1942 —.-M&S Pulp & Paper Co— 1st mtge 3s 1954 J&D Western Dairies Prod 6%s '41 J&D Western Grain Co 6s 1949—J&J Western Newspaper Union— 67% 101% 79% 67% West Va Pgh Coal 6s 1947 95 Vanadium Oorp of America— Conv deb 5s 1941 A&O 75% 66% West Va 62 1948 .T&J / 1947.-M&N Valvoline Oil ext 5s 56 105% 29 J&D 1954 4-5s 91% 103% 41 Ask Bid Mfg Go Ltd— 3 %s series A. 1942-1945—J&J r 4s series A 1946-1947 J&J r 105% 104 A&O 20-yr 1st mtge 4s 1955 Warren . 105% J&D 1955-A&0 f deb s Woods 1st 3s to 1941 (Hiram)-G & W— 4%s 1945 Deb Waltham W'tch & Cl'k 6s '43 J&D Walton Lumber 1st 6 %s '41 Q-Jan Warner Co 1st 6s 1944 A&O Warner-Quinlan Go 6s 1939-M&S Warner Sugar Corp 7s 1939.J&J 30 25 19 54% 6 Ms series A Walker Bonds Ask Warner Bros Pictures— 100 7 1950..A&O f 5s 1946 56 6s debentures 1948 105% s 99% 100 F&A deb - 100 1949--F&A Finishing 5s 1944 -J&J conv — 80% r 1st sink fund ser B U S Radiator mm r U 8 Gold Storage (Kan Oltv)— 4 1st sink fund 6s ser A 1946.F&A U S 66% 96 1946 J&D 1945-J&D f - Bid Walworth Co 6s M&N Deb 6 %s 1941 - U 8 Gold Storage(Chg)6s U S Print & Litho 6s 65 80 M&S15 Ltd—. -J&J Bonds Walker Coal & Ice 8s 1940—M&S Ask Bid Bonds Canadian price, 350 s Sale price, 4.505 x Ex-interest. yJSO seats, 70 members. preceding the date of issue. Quotations are for the last day of the month Bid. Bonds Burlington 5s 4%sChicago 4%s Lu 5s—— 5%s-_- 16 14 16 2% 2% 2% — 4%s 3% 3% 3% 79 ... ...r 5%s Montgomery 3 %8—... York 6s... _ North Carolina l%s First Trust of Chicago— Oregon-Washington 5a Pacific Coast of Portland 5s Phoenix 4%s 100 4%s 4%s 100 99% First of New Orleans 5s... 69 69 San Antonio 3s Iowa of Sioux City 4%s... m mm m m mm / / m m Minnesota 5s 99 Southern 98% Union of Detroit 2%s.... - - - - Ask. 99% 99% Virginian 2s Virginia Carolina 1 %s 83 83 79 83 Par STOCKS 46 50 100 150 160 Denver ...100 45 Des Moines .—100 ---100 .—100 56 Atlantic 99 100% Dallas 99% 41 100 First Carolinas 104 Freemont 103 105 Lincoln..... 21 23 New York 21 23 North - — _ — ....... 100 ........... ...» 66 8 1% 3% 3 • 6 2 6 Carolina 100 90 100 Pennsylvania.. .-.-100 31 36 100 105 115 100 95 83 80 Potomac 12 14 San Antonio 99 — . 100 102 - 90 80 Atlanta 99 / .... Bid Stocks. ■ , 79 100 — Southwest 58 69 Illinois Midwest 5s / 5s St Louis 4%s 53 100 — — — 99% First Texas of Houston 5s. Fletcher 3%s Fremont 4%s 5s 4%s ..............—-—...— New 100 First Carolinas 5s 5s 99% r Lincoln Ask. 100 Lafayette 5s 100 Denver 3s Bid. Bonds. Ask. 14 — 5 Virginia V irginia-Carolina -------- 2% 100 100 Par Bid 105 2% 106 / Flat price. Investing Companies Stocks and Bonds Concluded from page 72 Stocks and Bonds Par Per Seaboard Finance Corp $2 cum pref ww 1 ♦ * 100 preferred Second Carey Trust $2 cum Stocks and Bonds Ask Bid 22 45 50 26 30 Securities Co of New York Consolidated 4s ... S®curities Corp General com—* Securities Invest com.. * Preferred Selected Amer Shares Inc - 100 2% Selected Income Shares 1 Selected Industries com » $5.50 prior stock .......25 Convertible stock 5 Allotment certificates. Shawmut Association ♦ % % 36 101 8.79 9".58 Mar 1 1942 1 1952... March 5a M&S M&S Spanish & Gen Oorp Ltd— Am dep rets ord reg £1 Amer dep rets ord bearer...£1 ♦ 1 9 Supervised Shares Talcott (James) com Am dep rets 12 deferred 91 83 .65 Tri-Continsntal Oorp—.— 6% cum preferred...— Jan,, 15 18.43 3.67 Io|| 72% II"" .43 75 3.82 9.83 5% — • e Ex-coupons. 5% 2% 78% % 107 .57 2.49 1 2.44 5.41 — B 3% 96% Unit** N Y Bank Shares C3—♦ Trust ctfs series B ctf A— ... Voting shares.. U S & —25c Foreign Securities com..* $6 1st preferred ♦ U. S. & International Sec.—.* pref with warrants...—* 10c $5.50 priority stock 1 Utility & Industrial Oorp 6 1st 14 1% 5% 2% % .63 .85 .95 1.30 1.40 / Flat price, 2.59 2.54 18 m $ .97 6 81 66% Util Equities Corp com Convertible 83 108 Ask share 4.97 Unio 11 nvestment common...._ * O deb 5s 1946 M&S U 8 Elec Light & Pow tr 10.68 59 "8 ♦Series 1 A.l 1 United Insurance Trust Shs 3.64 2.54 3i* —£1 ♦Trustee Stand Invest ser O ♦Class D_ ♦Trustee Standard Oil shares 56 conv ♦ No par value, share 35 deb 1953 J&J Trusteed Amer Bank Shares B 25c Trusteed Industry Shares..—25c Trustee N Y Bank Shares 1 5b 3.57 Per * Warrants .72 15.51 Stocks and Bonds Ask 50 Tobacco Securities Trust Ltd-— Am dep rets ordinary £1 Quotations not furnished by sponsor or issuer. 2 ..1 —2 Transamerica Oorp——.......2 Sovereign Invest. Inc., com..10c - A Tobacco & Allied Stocks Inc Shawmut Bank Inv Trust— 4%» Super Corp rf Amer class Class AA__ 5%% partic preferred ^ 4% 53% 11% Ipencer Trask Fund Inc * Standard Amer Trust Shares 1 Handard Investing Corp com..* $6.50 preferred ww * Standard Utilities Inc 50c ♦State St Investment Corp » Class B 4.29 53 Bid Per share 5% 25% 25% 4 22 Par preferred———7 1 14.12 F&A 101% Wellington Fund Western Reserve Investing—• 5%s 1944 Wisconsin Banks hares Deb k Last sale, 54 n Nominal, ♦ 5 x Ex-dividend. 6% Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue Stocks Par Stocks Ask Bid Per Northern Mills 23 * 68 Apponaug Co.. * Arlington Mills..100 5 7 25 27 Preferred. Atlantic Rayon. — .1 Bates Mfg 100 Beacon Mfg— 100 Preferred. Beaunit Mills 10 5 254 454 13 Spinning Co * 6% preferred-__.* 5 554 Mills class A 5 Preferred... .10 Bourne Mills —* Bradley Knitting— 1st preferred-.100 Brighton Mills— Preferred... 100 Cabot Mfg 100 Cleve Worsted Mill * Common —* Alpaca....100 Draper Corp Franklin Process..* Fruit of the Loom units Cotton * Globe Knitting—254 Goodall Worsted.50 Gosnold M (N B)..* Preferred 100 Prior preferred.25 Hartford Rayon vtcl Hathaway Mfg.. 100 Kendall Co com ♦ Units 6 754 26 X 1154 74 3 54 33 X 100 * 4X 9X X 7X Gainesville Cot Mills 25 Glenwood Mills. 100 Gossett Mills.... Granteville Co 20 15 ~9X 9454 109" - - - 1154 55 9 11 52 17 55 20 110 115 Hamrick Mills. 2X 46X 7 2nd preferred —1 6X J* I* 32 8 Naumkeag Steam 26 28 Rayon class A..25 N J Worsted pf—100 Newmarket Mfg * 8X 47" 45 B— 6% prior pref._50 Pacific Mills • Patchogue Plymouth Mills com 1 Pepperell Mfg 100 Pierce Mfg 100 Pilgrim Mills 100 ich Borden Suissett Mills—100 Mfg— 25X •• . .... «. 90 21 25 8 Black Hawk 28 Bulolo Consol 41 12 14 16 18 Butte Copper & Zinc Co. 26 30 Butte & Callahan 13 ing, Ltd & Sull'n M & Common 13 20 Preferred Sagamore Mfg (F R) -100 Banford Mills. * Skenandoa Rayon.* 5 % preferred. _ 100 Boule Mill (N B).100 Tubize Chatillon__l 1 A 7 % preferred. United Elastic 100 . * Knitting.1100 preferred—100 3)4 1354 15 1554 24 26 32 35 6 82 86 38 J* 89 93 7 M—100 Wayne Knit Mills.5 Wamsutta Chief Consol Mln.-l Chile Copper .25 100 45 Cons Min & Smelt .5 37 41 Copper Canyon. 10c Copper Range • Cornucopia Gold.6c 26 31 26 30 51 55 Bleachery & Dye Works com 10 100 Limestone Cot Mills Mills..... 121 4 $4 preferred pref.. 100 Amer Enka__ * Amer Yarn & Proc— Mills Preferred Arcade Cotton 118 125 2 54 254 41 H 43 X 70 73 Mills 100 62 * 45 100 25 Avondale Mills.—.1 Beaumont Mfg—.. 7% preferred...— Belton Mills (SO) .25 Preferred.. 47 105 100 Goldfleld Consol Mines Granby Cons M 8 & Newberry C M..100 62 67 Norris Cot Mills 50 93" 4 65 79 100 65 103 26H 28 26 ~2~~ 3 50 60 55 61 Copper Co. ... Copper 25 X 254 43 X 2X 44 X 8c 13c 42 m U X 6X 11X Real Estate 13 X 654 27 X Copper.* "ix 20c 40c 31X Kildun Mining.—.1 15c E* 25c King David Min.50c 10c 25c Klrkland LakeGold 1 1 IX 20 20 X 95c Lava Cap Gold Mini Louisiana L'd A Ex 1 85c 36 54 37 41X 10X 41X w 76 81 Sterling Spinning-- 19 49 52 Canada * Mother Load Ooall'n Mines common, lc Stowe Spinning 51 53 120 ■M 80 85' 15 5X Guar & 4c and Mines com.. * New Jersey Zinc. .25 IX Noranda Mines B Stove.. 35c ...» Lab'tories.* 4 X % conv pfd 100 Abbotts' Dairy. * Abereromb e 68 X 136 18 & Fitch 1 7 75 65 .... $6 preferred 6X Mfg.. 100 55 1 6% preferred .100 7% preferred—100 9X 20 Abraham & Straus.* Acme Steel. 2* Acme Wire 10 41X 46 19X Adams (J D) Mfg—* Adams Millis. * Adams Oil & Gas.* 10 21X 3X Addressograph Multigraph Corp 10 Advance Aluminum 1754 Castings com...5 Advance Bag & Pap 6% preferred. .100 8 % preferred. .100 Advance Kuinely..* 55 2X 90 2X Aeolian Co— 6% preferred A.50 Aero Aero 10 Industries 1 Supply Mfg- Class Class B 11c 454 3X 20 21 5X Aeronautical Corp.l 554 Warrants 5 1 13 X 62 73 X 7454 Preferred 100 Aetna Stand Engine* 3 23 23 54 Agfa Ansco (Del)..1 25 1 IX Agnew-Surpass Shoe Common * Preferred .....100 110 58 60c 5c 1 Aetna Ball Bear 154 62 54 57 X 56c * 2.50 Ohio Copper of Utah 9 170" Trust Technical Inst 4 46 11 IX Mt City Copper—5c National Tunnel North Butte 13* INDUSTRIAL AND MISCELLANEOUS 8 Lake Shore Mines. 1 8 (DC) 100 of New York 6X 7 6X 26 X 125 X IX 17 99 Mortgage Guar.." 5 EmpireTitle &Gul()U __ 35 13 X Magma Copper Col 0 Mclntyre Porcupines Miami Copper .5 Mining Corp of 1st M 6s Jan 1941 Bankers Bond & Title 24 X 20 Nipissing Mines 95 5 15 99 118" TITLE GUAR¬ ANTEE & SAFE DEPOSIT STKS 1 102 Franklin a 16c IX • 20 1 9% 35 X Preferred 100 Abitibi i'ow & I'ap.* 15 90 IX 45c 23 X 2d 5% pref 7% preferred—100 City RET (C)__500 Congress St Associ¬ ates (Boston) .100 Factory Bldg Tr.100 Fifty Associates (B). Hotel Tr (Boston) 100 Kijaball Bldg Tr 100 X 2354 654 Kennecott . 32 & Smelting.....* Idaho Md Mines.. 1 73 93" 38 X 2$ Aberfoyie 11 104 100 Boston Wharf 55 X Illinois Zinc 19 T(Bos)_100 49 X 68 30 3 Bos R E 55 1st 7% pref... 100 26 Bd of Tr BldTr.100 Bos Gr'd R'T Tr 100 49 100 89 1/4 6 REAL ESTATE TR & LAND STOCKS 12 X common Newmont Mining. 10 N Y 6c Honduras Rosario 10 42 IX 30 * Howe Sound Co...5 Hudson Bay Min ~8" 5 7A> 45c White Knob Copper Preferred 10 Common 6 Textiles Inc com..10 Class A pref...lOO 354 Home Title Tns (NY) 100 854 754 354 X, 3.25 120 100 38 4 Mining 25c Hollinger Mines 5 Smyre (A M) Mfg 10 7% preferred. Southern Bleachery com Plate..... Cent BldgTr 100 Chic RETrus's. 100 5 Hecla Saxon Mills—....50 7% preferred 100 Southern Weaving.* 105^ 7c 1 354 34 X 13c Internatl 97* 10 X 3.00 Bos Stor w'h'se.lOO Inspiration Cons 13 X 654 654 254 Washington Tin Homestake Mines 61 1 Tonopah Mining..1 Union Copper Land & Mining ...25 Utah Copper Co..10 Abbott 13 100 154 7X Power common..5 Mining. .1 Island Greek Ooal.l $6 preferred 1 Isle Royale Cop. .25 Jardlne Mining 1 100 Victor-Monagh'n 100 7 % preferred. 100 Victory Yam Mills— 354 1 1 Class B pref.. 50 Union-Buffalo Mills Common 10 6 40c Greene Cananea 22" Riverside & Dan Kiv Southern Worsted— 1st mtge notes Spartan Mills 100 Startex Mills 20 1254 3 X 30c 954 Oorpl 0 x 95 1754 754 Brandon Corp A.100 Class B__—-- * Bibb Mfg.. Golden Cycle 68 Anderson Cotton Appleton Co 70 52" Process 12 54 35c 7 % preferred. .100 20 Preferred Acme Spinning..... Alabama Mills * 96 2 60" - Columbia (D O) Zinc, Inc .1 Federal Mining & Smelting new 2 Orr Cot Mills... 100 Standard Tintic 13c 39 3/ Silver-Lead. 1 Mines Eagle Plch Lead..10 49 Southern 22 11 50 Riverdale Mills— 7% preferred..100 20 2054 E vans-W allower 17 33c 50c General Tin Mills.. 100 Mooresville Cotton. 23c 10 54 60 34 3 5 1254 9cc 3854 654 654 254 King Coal—5 Utah Metal & Tun.l X 2054 27 65 154 Shattuck Denn Walker Mining Gold Min & M..1 Dome Mines Ltd..* 54 54 91 32 Southern Mills 10 15 5X % 25 See Indus. Stocks. 6 Print Wks—._ * Abbeville Mills..—5 Joseph Lead 2954 X X Rowan Cotton Mills 16 654 Evans Wall Lead— 5.7 85 1454 IX 12 Wright Hargreaves r * 43 80 108 7% Copper Corp 37 6% preferred.. 100 7 54 1 25 13 ~3H 72" 10 Mohawk Cotton Mills.. 100 IX 12 X Roan Antelope Min Ltd Amer shares. St Anth Gold M 1 2954 Central Am Mines. 1 Central Eureka 1 Cerro de Pasco 11 8 IX * 1 Pocahontas Premier Gold M 43 1 35 Common 7 40 154 7H X* 7 9 m 3654 54 154 10 Sup 12 25 854 Amer shs ctfs__10 Pioneer Gold Ltd-.l Polaris Mining 25c St 754 5 8 69 _ 954 3554 2 . 65 654 C254 45 7% preferred Pacolet Mfg 100 7% preferred.. 100 Perfection Spinning. Pickens Mfg Piedmont Mfg...20 Poe (F W) Mfg.. 100 RanloMfg 10 7 % preferred. 100 654 1 Mining-10c Teck Hughes 1 Zinc-Lead Co 1 Calumet & Heel a ..5 46 Musgrove Cotton 54 5X 1 Bunker Hill 35 Nat Yam Mills 2 5 Clear Creek Cons— Common .10c Clemenceau Min 25c Consol Copper... 6 Mill n* 10 Tin Stand 1 73 Mills 120 Dredg¬ 5 Monarch See Borden— Roxboro Knitting— Preferred 3 Saco Lowell Shops Gold 100 Mock Judson Voe— 50 Consolidated. Park-Utah Consol Mines Patino Mines & Quincy 85" & 95 35 79 26" r 69 27 X 78 15 * Preferred.. Judson Mills A pflOO ITeferred B...100 King (J P> Mfg. .100 May Hos'y Mills 100 20" 60 Inman Mills 51H 14X 70" 11554 r 132 36 Carnegie Metals 4 28c Pond Creek 80 r Mines 37 116 50 X 13 X 18 5 45 11 Marlboro C Mills 4 Gold 24 40 83 24 X 24 X Pacific 122" 3 Smelting 1 $5 prior conv pf 25 Anaconda Copper Mining Co .50 \ndes Copper M.20 Bagdad Copper 654 share Consol Mining. 99 116 r Lead 39 114 23 54 23 54 Oriental ... 10 Zinc 36 Knit.5 Linford 25 Austin Silver Min--1 7% preferred.. 100 Majestic Mfg Marion Mfg Co 2454 100 Mining Hartsville Cot Mills. Laurens C M Nonquitt Mills * North Amer Rayon— Com class A....* 10 57 65 STOCKS Alaska Juneau Lanett New Bedford 60 Sunshine 28 25 .... 4% preferred—. $3 prior pref Highland Pk Mfg 20 6% preferred-.. Imperial Yarn Industrial Cotton Mills pref 25c Preferred B "7" 5 r _ Wabasso Cotton MINING 13" 11 - 354 Cottons. Preferred 100 Penmans Ltd com.* Amer 20 . Mining Com Silver Henrietta Mills— 6X & Preferred Hanes (F H) 20 1054 50 Mills— Grendel lOO" 95 So Am Gold & Plat. 1 . 154 Montreal .... 105 7% preferred 22c Oklahoma Interstate 17 Converters. 100 r Can Cottons Ltd 100 r 109 Preferred 100 r 114 89 Domin Text Ltd...* r Preferred 100 r&155 Preferred .10 Florence Mills—100 Per Old Dominion Oo.25 52 Can 100 11 29 X 7% Utica 8 Bid Par Enterprise— 254 41 Dwight Mfg.--123^ Eagle Yarn........ Easley Cotton Mills 7% preferred Eflrd Mfg 100 Erwin Cotton 20 6% preferred. .100 Fairforest Finish Co Flint Mfg Co 76 154 7 41 20 16 38 110 9 154 85 8X 48 20 39 13 80 .20 34 X X 6X 100 Utica . 7% preferred.. 100 Fulton Bag & Cotton Mills * Gaffney Mfg -.50 Conv pref 10 100 100 . Serial notes 13 17 100 109 45 Mtge 6s Wiscassett Mills... Woodside Cotton.20 55 86 51 19 46 D irl'irtoD Mfg(SC) 5 554 954 56 Preferred Washington MlllslOO Stocks Ask share Canadian Mills 100 E).100 Crescent Spinning.. Dallas Mfg (Ala) 100 5 8 2)4 (Baltimore) 100 Mills. * Preferred 100 West Point Mfg..20 Winget Yarn Mills 19 _ Common Converse (D 254 14 Class 65 3 51 Com class 100 61 m Mfg..100 Cotton 95 Spinning..50 7 Preferred.. 100 Ml V-Woodb Mills Preferred 75 7 % preferred- .100 Durham HosierySee Indus, stks 106 Nathawena M Nashua M (N H) 69 Dunean Mills Ludlow Mfg Assoc.* Luther Mfg 100 Martel Mills— Merrlmac Chiquola Mfg....20 0% preferred Clifton Mfg (SO) 100 5 90 Wallace Mfg Co Ware Shoals Mfg 100 7 % preferred.. 100 Wellington 6 5 95 46 $6 partpref A—♦ Kllburn M (N B).75 - 2554 3954 93 4 8 Genera) 2354 3854 w - 92 Drayton Mills. Mfg Co com * Border City Mfg 100 Botany Worsted— 1854 - 89 44 (Richard) Borden Farr if* Bid Par Per Columbus Mfg (Ga) 86 $154 conv pref.20 Berkshire Fine 44 China Grove Cot Climax Stocks share 1854 Burlington Mills.. .1 Calhoun Mills....50 Callaway Mills....* Cannon Mills.....* Chadwick-Hoaldns Co common 10 8% preferred.-100/ * Ask Bid Per TEXTILE STOCKS Amoskeag Co Par share 8c Aetna Rubber 11X 5X Aintworth Mfg 5 Air Associates 1 Aircraft Accessorlesl 1054 2X 754 Aircraft Precision..5 Air Devices Corp.-l a * Purchaser also Without par pays value. accrued dividend. / Flat price. k Last sale. n Nominal. r Canadian price t New stock. x Ex-dividend. 86 INDUSTRIAL & MISCELLANEOUS STOCKS Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Stocks Par Per 1 Airplane Mfg & Sup 1 Air-Way Electric Appliance 49 4% Am Mach & Met-.* Am Maize Prod—* 52 57 Preferred 100 AJberene Stone of Va 90 93 Vot trust ctfs Alberta-Pacific 5 A * 100 Grain class Preferred. Inst Am Mfg Co com. 5% pref. 2% 30 4% 100 100 Steel Corp Preferred 34 36 Amer Piano class A* 4 5 5 3 4 11% 79 Am Potash & Chem * 12% 22 A 22 111% 10% 10 AHentown Portland Cement pref---10 8 Alles & Fisher * 2 5 4c Alliance Realty Preferred Allied Chem & Products Amer 81 100 Dye * Corp common Allied Kid Co com.5 Allied Laboratories * Allied Mills Inc 2% 174 % * Allied Paper Mills. 1 Allied Prod (Mich)— Ol A conv 25 Common 10 12c 7 5 176% * 7 Partic pref * Amer Pulley Amer Radiator & 9 7% cum pref100 Am Republics com 10 Amer Rolling Mill 25 4%% conv pf 100 Am Safety Razor— 161 Common American Screw. 100 W> 20 13 % 14 American Sealcone_5 Amer Seal-Kap 2 6* 8% Amer Seating 10 Amer 11 8 8% 67% 66 5% preferred--100 Allis-Ch aimers Mfg Ship Build-_* Am Smelt & Refg..* 7% preferred. .100 American 6% Common 36% 10% Alloy Cast Steel---* Aloe (A S) Co 20 36A 14% 7 non-cum pflOO Amer Steamship. 100 Am Steel F'dries * 92% * Stove 159% 160 6% preferred..100 115% 116 Alum Goods Mfg..* Aluminum Indus--* 1714 18 Amer Television.-.1 Amer Thermos A * 10 % 10 A 104 % 106 106% 6% preferred.. 100 Leather 106% 1 1% 6% conv pref--50 Amalg Sugar 1 15 % 16% 2% Amerada Corp * Amer Agric Chem.* 54 2% 54% 19 20 37 111 40 A 17% Amer Air Lines--.10 American Arch * Am Bakeries pref 100 Class A __* Class B Bemberg com.* 100 - - Common 5% % * conv pf.100 American Can 25 7 % preferred.. 100 American Canadian 5% Amer conv 16% 101% 17% * American Cigarette 6 Cigar Co 100 Preferred 100 7% 41% 133 115% 173 1 2 26 42% 43% % 6 8 Vu 20% 108% 134 % 165 % 21% 112 137 190 117 11 J* 8% 55 12% 8% 20 com 6A 13 Class B 10 87% 35% 36% 6% preferred 10 12 A Distilling pf 10 12% 2% 2d series Amer Dist Teleg 7 % preferred * 100 Co... 36% 12% 12% 2% 117% 40 2% 2% 2% Am Fabrics, pref 100 Amer Felt common * Preferred 100 Amer Forging and 7% Socket com * Amer Fork & Hoe. * Am Fruit Growers.* Preferred 50 13 85 A 4% % 3% Am Furniture 1 Am Hair & Felt--.* 9% 11 82 5% 11% . 3% 17% 6% 12% 1% 6 1% 3% 1st preferred-.100 71 73 2d preferred-.100 30% 40% Amer Hard Rubb_50 15% 8% preferred--100 Amer Hardware..25 22 A Am-Hawaiian SS.10 Am Hide & Leath__l 31% 5% 24% 31% 5% 33 35 58% 2% 28% 59 50 . 1 * 0% non-cum pflOO Amer Insulator * $1 50 prior pref. 10 Amer-La France & Foamlte Corp.. 10 Warrants Am Laund Mach_20 3% 105 2% 22 21 16 A Class B * * * Without par value. 10% 2 Batavia Body Bath Iron Wks 21 Pref v t c Bausch & Lomb 7% 2 • * Beaton Mfg 8% %6 4% 4% 6 12% 3% 7 2% % 109% w w_* * x-w 5% 52 60 68 39% 40 57 60 10 10% 4 4% 10% Constable.5 Print Wks.* 9% 13% Aro Equipt Corp.-l _. 1 Aircraft 1 1 * 7% preferred..100 5% 13% 38 40 40c 100 93 17% 1 5% r 18 112 18% 18% 7 A 8- 75 77 69 73 8% %6 % Associated Rayon.* Athey Truss Wheel 4 6% 5% 2% 5% 16% Atlas 12 Auburn Automob * Austin NIch & Co..* Powder.. % 14% 20 %« 7% 28% % 2% 9% 1% 10% 35c % 16 22% 107% 3% 22% 108% 3% 16% 23% 16% 70% 120% 6% 1% 3% 24% 29 3% 10 A 2 20 5% 17% 18% * Last sale, n 29% 31%" 114% Class B 33'ic Benson & Hedges. -* Conv pref * Berghoff Brewing 1 Berkey & Gay Fur¬ 27% 109% 104% 30% 3l% 115 7% 6 Cement com.-l Preferred 50 Best & Go * Beth Fdy & Mach.* Preferred 50 Beth Steel (Del)...* 5% preferred 20 7 % preferred- .100 B/G Foods Inc * 7% preferred-.100 Inc $2.50 preferred. . iEM Coupon 51% Bearer 18 shares. _* shares 20% 20% 20% 20% Amer dep rets. 10s Brockway Motor 1% 10 7A Truck com % 23% Brown Co 6% pf.100 Brown Fence <fc Wire 1 4% A pref....* 17% common Forman * 1% 38 * 1 2% Brown & Sharp Brown Shoe * 132 35 Bruce (E L) Co 5 10 7% preferred-.100 3%% pref 100 77 Collender Co 88 20 21 Budd 100 com (E G) Mfg__* 7 % preferred- .100 Budd Wheel 7 % preferred- -100 Watch 110 24% 30% 17 41 Brewing.. Preferred 2% 7% 3% 50 <,F) 43 Mfg— Common 1 $2.20 preferred..* 11% 10% 5% 40% 5% Burd Piston Ring..1 Burdines Inc 1 Preferred * Burkart 11% 9% 104 .10 com. 31% Burma Corp Ltd— Am dep receipts. Burns Bros . 1% * com Burroughs Adding %. %6 X32 90 8 8% 1% 117% 2% 80 118% 3 14 * 27 28 100 101 102 10% 98 25 3% 4% 5 ...1 % 3% 1% 5% * 50 Class B 85 40 * 10 pref. .30 Byers (A M) com. .* 7% part pref. .100 Byers Machine * Byllesby class A * 20 13% 5 conv Preferred 39 Preferred Birdsboro Stee Fdy & Mach 8 13 Butterick Co 3 ._* Preferred • Byrndum Corp Bryon Jackson Cable 7 4 6 44 46 20% 21 fNewstock. 50c * 5% preferred—50 Calaveras Land Timber BI ack& Decker Aifg * 50c Calif Pack Corp 4 Blauner's common.* $3 preferred __* 1 * i* 11% 67 % 20c 15c 4 3% 13% % % 24% 51% & ..1 2.45 Calamba Sug Est.20 Jambria Iron 50 15% 57% 5% Campbell (AS) Campbell Wyant Cannon Fdry. x 9% 6% 21% Elec Products Vot tr ctfe Common 12% % 3% 7% debenture. 100 5% 75% 12 * Butlor Bros 38% 14 193132 1 com Bush Term Bldgs— 7% pref ctfs..100 5% 75% * Biscuit.l2%c 6% preferred 95 37 37% Machine Burry Bush Term Co 7 Ex-dividend. 1 & * m — 91 38 Buda Co _ 24% 36% Burger 50 - Buckeye Pipe L..50 Buckeye Steel Cast * Bunte Bros 45 m 5% 1% 5 1 11 — 5% 24 * 6 r * * 41 36 40 * Bullard Co % 37% 135 10 Bulova 32% 4 45 5 7 * Canadian price. S* 90 25 Bucyrus-Erie Co.-5 7% cum pref.. 100 5% 7% 126% * v>m * ;__* ...25 Bristol Brass $5 preferred Brunswick Site 2 1 32 S/e 7% preferred. -100 Beryllium Corp Bessemer Limestone 1 12% 108 17 123 2% * Brunswick-Balke- 10 5% 37 33 27% 112% 46* 5% r Brillo Mfg Class A 2% 49 20% 100 Manufacturing .50 41' 1 common.. _ Distillery 3% Purchase warrants Borland Shoe St * Nominal, 7 % preferred- 37 • Class B Bruck Silk Mills.._» Bird & Son 3% 26 15% 10% Warrants Bridgeport Brass..* Bridgep't Hydr'lic20 Bridgeport Mach..* Preferred 100 k Briggs Mfg * Briggs & Stratton..* Brill Corp class A..* Preferred Brown Rubber 10 70% 2 Brewster Aeronaut'l 1 Brown 123 121 24% 7% 21% 6% 6% Class 5 1% 57 Preferred Brach (E J) & Sons * Breeze Corp 1 Brewing Co of Am.3 Warrants 10% 14% 1l14 3 1 17 British Celanese Ltd 1% 10% * * Registered shs * Brit-Amer Tob reg£l Ordinary bearer £1 11 55 Bigelow-Sanford Carpet com com Brit-Amer Oil Ltd— 45c 3 22 2% Billings & Spen Bing & Bing Binks Mfg. 123 % 8% 1% * 8% Bristol-Myers Preferred 50 Bender Body com..5 Bendix Aviation 5 Bendix Home Bickfords 15% 15 * prior A..* 6 3 14% conv pref. .100 * 6% 6% 55 • 8% Atlas 23% 6% 6% 1% 53 niture 1% 10% 5% registered ...£1 Assoc Laundries * Atlantic Refining.25 23 50 7 6 9 r 8% Assoc El Indus Ltd 4% conv pref. 100 Atlas Drop Forge. .5 Atlas Plywood * 15% 60 24 Bell Aircraft 1 Bellanca Aircraft 1 Belmont Radio * Belt RR & Stk Yds Common 20c 8% Art Metal Constr.10 Art Metal Works..5 * 3" i§S 57 9% 9% 23% 6% 4% Appliance cl A. .5 Elec.10 pflOO 97 Brummell Ties Inc Hart- non-cum M 3 _ 50% Atl Coast Fisheries.* Atl Gulf & W Indies 9" 8 — 22" 28 Belding Hem'way. * Belden Mfg com.. 10 5 21 * preferred Boyd-Welsh Inc Boyertown Burial Casket 27 1st preferred.. 100 2d preferred 100 Beech 111 pref..* 7 % preferred- .100 Armstrong Cork * Armstrong Rubb A* conv pr 7% preferred-.100 Assoc Dry G'ds J 6% 1st pref...100 7% 2d pref...100 60 25 Beech-Nut Pack__20 Asbestos Mfg com.l Preferred 1 Ashland Oil & Ref.l Assoc Brew (Can).* 55 25 Warrants Beau 33 class A 65 Bowm Bilt Hotels— ers 2d 105 Bearings Co (Am).* 10 pref. .100 Armour & Co (111) guar _ 96 13 100 12 100 Cream. _25 Pref 25% 5% 34 Bondhold¬ Bow-Bllt 7 100 common..25 $5 preferred 34% Arrowhead Petrol. 4 22% & Cadwell Beatrice 4 3 5 Ark Fuel Oil pref. 10 J Called April 1 at $20. & Paper A Class B Optical com 10 5% preferred. .100 Bayway Term i Bayuk Cigars.....* 7% 1st pref 100 76 74 Vrgo Oil cum 1 Baumann (Lud) com* Archer-Dan-MIdl'd * $5 1 _ 26% Arcturus Rad Tube 1 % 2% * 37% 2% 35% Tack Bros 24% 2% 37 Bourjois, Inc * $2.75 cum pref..* Bower Roll B'r'g--5 Brinks, Inc 1 36 11% Arnold 19 Stainless com * 5 2 Sugar...100 - 17% % 14% 16% %6 Bastlan-Blessing Apex Elec Mfg * Applied Arts 1 Appollo Steel.... 10 A P W Paper 5 3% American LockerClass Angostura-W upperma nn Corp 1 64 23% 23% 22% Rubber com..* 6 100 23 * 1 18 * 47 Service clA Barber Asphalt Basic Dolomite 113 B Bond Stores com__l Borden Co 15 Borg-Warner Corp_5 Borne Scrymser--25 Preferred 100 Bankers Industrial— 8% 42% 1 £1 Conv preferred .20 2% % 1 Bancroft (J) & Sons* Bartgis Bros com__l 6% conv pref. .25 10% SS Lines 3% Warrants Baldwin Rubber 5 Barnsdall Refining. 1 1% 30% Arnold. 13 com 7% pref old—.100 7% pref new—30 7 55 28% 5% 30 6 % preferred. .100 Baldwin Duckw'th.* Baldw Loco Wks._* 15 Anchor Post Fence.* Andian Nat Corp * Common 100 8 Barnard Aviation. Barnsdall Oil Am dep rets ord 14% 102% jprererred Baldwin Go Preferred Artloom Corp 17 Preferred 100 Balaban & Katz._25 12 20 13 24% 116 1st preferred-.100 * 13 111% 23% 1% 27% Bohn Alum & Br. .5 Bon Ami com A—* Common 5%% pref 50 Barkley Grow Aircrl Barlow & Seelig cl A 5 $6% conv pref..* He ge man .] Common 50c Amer Export Lines 1 6% preferred Anchor Hocking Glass Corp Arrow Amer Export Airlines Amer Home Prod. Amer Ice Co . . Boston Woven Hose Deferred for ky- 7 % preferred 100 Boeing Airplane—5 Bohack (H O) com.* 1st preferred..100 Bohack Realty pflOO 6% 6 19 14% (Sid)—* 3% » Baker Chemical c Blumentnal 6% 3% 13% 19% pf 25 pf 25 Bloomingdale Bros.* conv 3% 44% 22 32 1 conv Common 1% 45 Bathurst Power 5% preferred.. .30 106 116% Backstay Welt Baird Telev pref Anaconda Wire & $6 103 American Dredging. American Encaustic Tiling 6% 13% 90 40 1 5% 9 7% Crystal Sugar 10 6% 1st pref... 100 Am Cyanamid A. 10 Ayrshire Pakota Colliers Corp Barker 3% Antilla 100 3 Armour & Co of Del 65 Commercial Preferred Steel 7% Anheuser Busch_.20 Animal Trap * 1 Axton-Fish Tob A 10 Class B 10 Barium 3 _ 1 3 89% Trading Amer dep rets. _ 147 Anglo-Iran Oil— 25% Aviation _ 3% 88% Writing Pap.* American shares. 1% Capital Corp 6% 6% 20 18 15 Warrants 10' 8% Cable common..* 115 Am Amer 44% 5% 6% 18% .... 45 A 23 25 A com 6 % pref w w—25 Pref ex-warr.25 12 5% 21 Avery(B F) & Sons 5 10 Barber (W H) Co__l Bardstown Distill-.1 42 Amsterdam 171 (N J)..25 Amer Colortype._10 5% preferred.. 100 Alcohol 62 Co * 7 % preferred-. 100 Amer Wringer. * Amer 40% 131% Amer Coal Amer 104 1 1% 44% 7% 5A .100 Chicle 100 100 100 pref. 100 Class A Preferred . Amer Centrifi gal.. 1 Am Chain & Cable.* 28% 13% 15% 21% 94% 60% 5% * Am Woolen Properties * Am Car & Fdy * 7% preferred--100 Amer Carmel Preferred Preferred 49% Amer Bosch Corp.-l Amer Box Board. _1 A.Brake Sh & Fdy— 150 Am Vitrified Prod_ * J* - 68% 15 _ 48 A Am Beverage Corp. 1 7 % preferred5 American Book..100 11 31* ill* 38% 87% Type Found. 10 7 % preferred 100 * 10 1% 6% 14% 89% 145 2% . Common 10 12% 27 38 3 6 ^preferred. 100 Am Transformer. 10 58% 56% 10% 55 6 % preferred... 50 Preferred Am Thread 5% pref5 Am Tobacco com.25 Common B 25 _ . 48% 6% 15% 67% %6 50 Am pref 25 Aviation & Transpor¬ tation Corp_____l Amer Wind Glass— 56% * Am Bank Note 2 Preferred conv 6% 5% 10% 17% 5 30 - % 3 Common.. Automobile Banking V t 7% preferred.. 100 * American 6% 180 20 American Stores Am Sumatra Tob__* * 67% 147% Amer Sugar Ref.100 15" 9% 18 % 142 Snuff. .25 28% 13% 15% 21% 12% 52 Alpha Portl Cem._* Altorfer Brqs com... Conv pref * Aluminum Ltd 10% % 30% 48% * Am Ship & Comm 20 3 5 Babcock & Wilcox.* 18.50 13 7% 1 6 Aviation 9% if* Refrig.10 Automat Vot Mach * 1% 162 66% 2 2% 1% Automatic Laughlin Preferred 1% 101 4% Stand Sanitary..* Bliss (E W) CoCommon Class % 12% 50 16 Automatic Fire $1.50 4 12% 19% 19 Allied Stores Corp com A 97% % _ 14% Blaw-Knox Co Automatic Washer— * Class B * 100 122 Amer Amer Pneu Serv. Bliss & ment common 34% 25% Optical 8 60 Automatic Prod—5 % Per 7 Alarm common_25 Bid Par 50 85 23% Stocks share 10 com.. Automatic) Instru¬ 25 5A Ask Bid 6% preferred. .100 Autocar Co 25 20 American Meter— * 5% prior pref Industries 19% 55% 14 A 3% American News Co * 14 1 Am % 23% 115% 33% Par Per 3 * 100 Steel com.* Preferred 100 Amal 65 Stocks share 33 Allegheny Ludlum Aluminum Co 2% 23% 18% Amer Metal Co Hamilton common Algoma • 14 6% conv pref. .100 ._ 8% pref Allen 54 Maracaibo__l * Amer 4% Alexander Dept Stsl Alexander 19 Locomotive.* 7% preferred- -100 Amer Mach & Fdy_* Amer % Albany Packing. 100 Ask Per 4% * Alaska Pac Salmon* Bid Par share 1% 48 A Air Keduc'n com..* Stocks Ask Bid 13% 1% INDUSTRIAL March, 1940] Stocks Bid Par Stocks Ask 5% 58" Class b pre!....50 r Canada Cement. 100 54 Preferred 100 Can Dry Ging Ale.5 Canada Forgings— Class a • Class b • 70 85 20% 21 9 21% 20 % 102% Canada Packers...* Canada ss Lines..* Preferred 100 104% 1% o 20 if 56 Can Wire a Cab a.* Class b * Canadian Bronze--* Preferred 100 Canadian Oar a Fy * Preferred 25 Canad Celanese—* Preferred 100 Canadian Colonial Airways 22 22 20 41 44 106% 13 % 19 35% 125% 1 6% ^ 24% 14" 20% 35% 127 Oity Auto Stamp—* Olty Ice & Fuel • 6 Hi % cum pf.-loo Olty a; Sub Homes 10 Olty Stores 5 Olark Controller... i Olark Equip co—* Preferred 100 Olaude Neon lt—1 ..... «• «• m Can Fairba'nk pf_ 100 Canadian Foreign Invest Corp. * / Can Indus Alcohol— 37 ci a voting----* cl b non-voting. * Canadian Industries Class a -_-100 Class b_ 100 Preferred .* 2% 3 2 3 180 180 185 136 140 Can Locomotive—* 18% (Philip) * 6% preferred—100 6% preferred—100 Carib Syndicate.25c Carman & Co a...* * • ... ..* 5 Carrier Corp 1 Carter (j w) co—1 Carthage Mills * Preferred a 100 k Preferred b 40 Oasco 13% 15 92 6 79 96 63% 1% 23% 6% 25 7 40 28 31" 24 % 25 % il* 68 100 7 % preferred. .100 115% Oase Lockwood a Brainard Co.. 100 8 5% 10% Oatalin Corp. 3 1 Caterpillar Tract- .* Oelanese Corp * 7% prior pref-100 1st partlc pref-100 43% 23% 112 113 Celotex Co com...* 11% 65% 6% cumjpref—100 Celluloid Corp...15 1st preferred * 4% $7 preferred * Central Aguirre Associates. .....* 2% 66 5% 1% 3 3 _ 106 12% 76 Stk Yds com—100 Preferred 100 210 $3 conv pref....* $2.50 prior pref..* Chic Ry Equip—25 Chic Rivet a Mach 4 Chic & So Airlines * conv pref—* v t c * * $2 preferred Comm'l .* Eng. .1 Solvents..* Oompo Shoe Mach vtcext—1 $2.50 conv pref._ * 1 6%% prior pf.100 7% preferred. 100 7% 33% 2% 19% Cons Lithograph—* Cons Mach Tool uts. Consolidated Oil * 4% Cons Paper of Can. * Oonsol Retail St8..1 6% 14% . ■ 14 75 Ill 9 4?* 14% 14% 89 91 79 81 Hi iy<10 2% 13 13% 67 69 18% 29 % 5% 16% 16 8% preferred-.100 95% 46% 13% 1% 1 Continental Can..20 96 46% 114 113 7% 4% 23% 7% 4 23% 1% 78 5/ 6 6% 16 . - yl - - - 60 / 29 Dryden Paper Mont Laboratories cl a1 Dun (r g) Bradstreet Corp.* $0 preferred.. * Dunhill Tnteraatl.l d11 plan Silk cum 18% 7% 2% 45 9 21% 26% % 21% 18% 19 27 1% 4% it* 9 2F 23 90 94 63 61 114 "§" Mills b com 6% pref Duro-Test Corp 100 1 Duval Texas Sulph.* Lock PreferredEason Oil Eastern 8ugar Assoc Common 1 ..... Preferred.......1 • Pict__l Elec Corp 1 * Eitinoron Schild Elder Mfg. __* Class a.. 100 Sterilizer Electric Households Util Corp Elec a Musical Det Gasket a Mfg.l 10% 11% Indus Am shs—— 6% pref w w 20 Detroit Gray Iron a 17 17% Elec Stor Battery. * Elec Vacuum Clean* Electro Bleach Gas .* 1% 13 - fo* 1% 13% 1% 1% 21% 28% Devoe a Reynolds— ClassA(non-vot)* Common b——* 2d preferred 100 20% 20% 21 22 106 29% ._ Electrographlc 31% 117 * Elgin n Watch—.15 Eljer Co com * 5% cum pref.-.50 5% prior pref-100 Elk Horn Coal.. .* 12 2d Class Preferred k Last sale, n Nominal, r 1% 9 175 1% Prod-.2 Differential Wheel _1 Voting trust ctfs.. 1 75 Discount Corp -.100 1% 10% Distillers Co Canadian price, . 39% 26% 108% o %y* Ltd.£l x 58 19 27 % 12 10 % 24 3 25 37 1% 2 Drug..2% b—„2% 83 "9% Empire Sheet a Tinplate 1 "l% Emsco 8% 7% "2% 147 14% 4% * 5% Derrick..—6 9% 44% ttndicott-Johnson.50 7 Ex-dividend. 1% 31 27 7% 13% 3% 25 38% 2% % 37% 14% Emerson Elec Mfg-4 Preferred.. 4 37 120 140 Emerson 5% p-eferred—100 Equit Oflce Bldg * Esquire Inc 1 Eureka Pipe Llne.50 Eureka Vac Clean. 5 Evans Products —5; 110% h/o 4 26 4% 8% Ever Plastics Corp.5 2 ciorn_--3 24 tr».c!flil-o t New stock, 1 % 1 9 28 5 Warrants Di Noc Mfg 9% 28 151 1 6 1% % 5c 9 40 4% 18 118 92 18 18 34 40 73 5% 13% preferred.. 100 33 Hi 170 7% 13 30 % Ely Walker d g—25 1st preferred--100 2d preferred..100 10% 6% part pref...25 Diamond Shoe com * 6%% pf (w w) 100 Diamond t Motor 2 d ctaphone Corp..* Preferred 100 .1 Electrolux Corp—.1 r Electromaster Inc.l 61 62% 7 11 Corp Common 59 Dictograph 2% 21% 110% 1 14 75c Electrol Inc vtc -.1 1st preferred..100 DeweyAAlmy Chem Common Preferred-. . $4 preferred....* Cooper Bessemer..* $3 prior pref .* Oopperweld Steel..5 Conv 5% pref..50 7% 112% 104% 63% 1 Electric Auto-Lite.5 Electric Boat 3 83 5% 2 Educational 5 103 * 1 35 6% preferred-.100 176% Easy Washing Mach Common.......* r 4 Class b * 3% Eaton Mfg Co. 4 31 Economy Groc Sts.* 16 Eddy Paper —* 15 Edgewater Steel * 66 Edison Bros Stores.2 16 % 5% preferred 60 51 10 109 10 East Racing Assn..* Eastern Roll Mill—5 80 12% 6% Cornell-Dubilier 28% Elec Corp com.. 1 4 % i Corning Glass Wk 10 83 % i Preferred ..100 7% Corn Prod Refg—25 7 % i 7% preferred-.100 2% Oorroon a Rey'ds.* 6 i $6 conv a pref..* 14% .Cosden Petroleum. 1 2% 1 5% conv nref. 50 1 5% prior pref--20 100 5 15% 53% 25 * 100 .... % * 50c Harvester. 1 184% 127% 23 50 1.00 Preferred 26 125 40 Diamond Alkali—20 Diamond Match.. 15% 52% 184% 22 38 90c Foundry com—.1 13 121% 118 39 35c Detroit Mich Stove i Detroit Paper Prod i Detroit, 8tee' Prod * De Vilbiss Co 10 Preferred10 "5% 100 Dexter Co com.. 25 38% 5 Chem com Elsie 1% 37 6% pref. ..25 7% pref—100 Durham Hosiery- Detachable Bit Detroit Aircraft—* Dexdale Hosiery 9% * pref—100 DuPont (ei) deN a Co common. .20 $4.50 cum pref..* Durez Plastics a Eastern Footwear .1 East Mall'ble Iron25 32 6% 6% 12% Warrants 17% 1% 5 5% Eastern Corp com 31 1% 109 Dunlop Rubber— Ordreg £1 8% 10 9 * (Allen) T% 8% 28* 108 Dubilier Condenser 1 Du 10 1 17% Electrical Steam 29% 107% 2 100 Dresser Mfg com. _* Dri Steam Valve..5 Driver Harris Co. 10 Preferred 100 Cook p't a Vara..* Preferred 100 Converse Rubber..* 113 Preferred 18 Dentists' (The) Detroit 13% 152% 19 7% Preferred—.—* % 3% ... 14 4 Supply com.... 10 17 % 2% Common. * Conv prior pref..* Dow Chem com * 5 % preferred. .100 Dow Drug * 18% 88 50 8% debentures 100 9 82% Douglas Aircraft * Douglas (w l) Shoe $1.50 conv pref_20 East Dairies Ltd * r Eastern Air Lines. .1 7 5 11 25 Eastman Kodak 10 1 21 Preferred 100 Dominion Steel a 17 5 30 $6 prior pref 3% % 10% anmer Gilbert) Corp 26 123% 155% Dominion Glass. 100 4% 15% 7% 2% Deep Rock Oil a Ref 7% preferred.-100 Deere a Co com... * 7% preferred. 20 Defiance Spark pl_* 27 6%% pref....100 Eagle % 100 * Dominion Bdge.100 Dominican Coal pf 25 14" Early a Daniel 7 0% preferred Derby o a Ref com * 15 19% 4% 9 Decker(a)a Cohn 10 Dennison Mfg— Class a com 20c 90 68 4 1 Preferred 45 w* 29 19% 35 Records 5% 3% 1% 4% 10c ..._* .._* * Class a Decca 7% 95 1% 4% 7% 4% 25 10 Dayton Rubber Mfg Common... 1 100 Del Rayon a com. 15 De Mets Inc pref..* 45 6% 4 57 De Long Hook and Eye 3 90 vtc partic pref 60 Container Corp 20 Continental Baking Class b 9% ~3" Mills com * Davis Coal & Coke 50 Davison Chemical. 1 Warrants Dejay Stores 4 V" Oont Diam'd Fibre.5 Continental Mot_.l 9% 17% 52% 5% 23% 13% 28% 66% Consumers Co of 111 Oont Steel Corp Without par value, 13% 40 Warrants 50 13% 2% 20 2 5% pref vtc--100 49 70% 110% 8% 11 % 6% 27% 3% 83% 7% 6% 2% 24 17 13% d" Consolidated Textile Consolidation CoalCommon v t c..25 a— 17 91 38% 9% 88% Deteel-w preferred. 100 36 13 23 8% Oonsol Royal Oil .10 Consolidated Steel * 106 % 25 10% 7% % 13 % 3% cum Class 1% 20 18% 28% 110% Darling Stores Corp $2 partic pref * Davega Sts Corp..5 5% conv pref. .25 Davenport Hosiery 4% 11% 18% 4 90 7% cum pref—100 $8 cum pref * 94% Dodge 67 si* 43% 10% 28% 22 22 ... $7 preferred— ...» Ourtiss Wright Corpl Class a 1 Cushman's Sons— 92 4% Dr Pepper Co.....* 5%% pref—100 42 it* Dardelet Thr'dlock * 26 Dobeckmun Co coml Doubleday Doran.* w4 • 9% 8H 7 6%% preferredlOO Lighting.... * 12% 37% Dominion Stores..* Dominion Tar a Chemical __* 32 8% Curtis Mfg 5 Curtis Publish—..* Dixie-Vortex Co _* Class a.... * Dixon (j) Cruc-100 J% 84 100 lH Coal b 1% 19% 16% 90% 37% Stores com....2 h 5 Cons Film Indus..1 99 ~7% Preferred Cutler Hammer 17 * part pf—* Cons Laundries 5 20% 11% 114% 27% Cunningham Drug Darby Petroleum-.5 Darco Corp 8%pfl00 45 35% 7* 40 * 1% Cons Cigar Corp..* 7% 5% Mangan 2 7% 50% 5% 22% 12% 27% 63% Congoleum-Nairn. * Congress Cigar • $2 21 44% 5 Distillers Liquors..5 Dlvco-Twln Truck .1 Dixie Home Stores.! Dixie Ice Cream...5 Doehler Die Oast-.* Dold (Jacob) Pkg— * Cuban Atl Sugar Cuban Tobacco 18% 76% 52% 32% 7% preferred-.100 Seagrams Ltd * 5% pref w w—100 32" 8 .* 1% Oonsol Car Heat. 100 5% Tissue Cuba Co Cuban Am Distillers Corp- 52 10 2% Cuneo Press 6 2% Bid Par 31% 20% 5% 1% 9% 82.25 pref w w._* Preferred x-w * Crown Drug com 25c 6% 7% 20% 6 18 10 1 $2.75 Colum Carbon Columbus AutoParts com 34% 9% Oin Un Stk Yds— .* Inc Columbia Pictures— Common .—.* Vot tr ctfs com..* Oont'l Oil (Del) 5 Oont'l Oil (Mex) 1 Oont'l Roll a Steel * Oont Screw com. .10 Preferred 10 Cin Tob w'house.25 Oinecolor 100 1 14 76% 102% 10% 6% % 13% Chic Molded Prods 1 . Columbia o 8c g . $1.50 preferred..* Chicago Mail Order 5 Crank..5 Columbia Mills. v t c a partlc..50 v t c b partic * 14% Chicago Flex Shaft 5 Chic June Rys & Un Ball 2% 3 22% 6 Hosiery 6% pref Cinoi Sys Inc class a 2h 8tocka Cork..— Dodge Mfg l25% Crown Cork Int a_* Crown o'k a Seal.* Crystal 21 Curtis 1 6 Chic Daily News..* Preferred. Chic Elec Mfg a—* 18 9% 120 Board common. * Preferred... 50 Chester Pure Silk 17% 5% Oonsol Aircraft $3 conv pref Consol Biscuit 105 6% 19% 10% 1% 4% 45 4 112 Co * Class b lishing Co.—..* Preferred 100 * Prior Preferred.50 Crown Central Petroleum (Md).5 5% Preferred .100 Oudahy Pack 60 42 3% 40% 23% 113% 113% 11% 3% Ohesebr'gh Mfg..25 Chesapeake Paper Chilton 1% 4% 8% preferred.. 100 Checker Cab Mfg.5 Chrysler Corp 5 Churngold Corp...* Cinci Advtg Prod: * Ordinary snares.. 6% conv pref. 1114 24% 24% 3% 33% "l% 1 ih* 3% 4 Cherry-Bur Corp. .5 * .100 10 145 2?* 6% 100% es Cuban-Am Sug—.10 16% 8% 7 112 23 8 5% 94% 31% 31 110 Wire common • Colonial Beacon Oil * Colon Development 20 20% 96% * Crowell Collier Pub¬ 6% preferred...10 104 % OoHyer Insulated Col Fuel 8c Iron Warrants Oolson Corp.. % 1 . 1914 105 15% 45" 8% 4% 12% 22 com Collins Co —100 Collins-Morris. 1 Brewing. - 7% preferred-.100 Crystal Oil Ref * 21 36 38 104 Preferred * Crocker-Wheeler $5 conv pref * Crucible Steel—.100 Preferred * Columbia Brewing.5 Columbia b'casting 9% _* Ohllds Co 18% 104 % 103% . pf—.100 37 12% 9 6% pref 100 Chapman Valve 1 Preferred 100 Charts Corp 10 Conv preferred—* 35% * 5% conv pref.. 100 conv Preferred 25 Crown Zellerbach.. 5 7H Conde Nast Pub--* 6 8c Chic Yellow Cab