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MAR I g AD(v|, BANK / QUOTATION RECORD REG. U. S. PAT. OFFICE FEBRUARY IN RETROSPECT Page Commercial and Financial Events 1 Page Hides and Leather 9 10 Iron and Steel Trade Course of the Stock Market 14 Money Market 16 Dividend Declarations 13 New 12 Cotton .. Federal Reserve Bank—Brokers' Loans .12 Foreign Affairs 5 Foreign Exchange 17 Grain—Coffee—Sugar 9 —.... 8 . Security Issues Petroleum and Its Products 10 Rubber 10 Textiles United 10 States Treasury Financing 12 INDEX TO STOCK EXCHANGE QUOTATIONS Page Baltimore Stock Page 67 New York Curb Boston Stock Exchange 68 New York Stock Chicago Stock Exchange 64 New York Stock Cleveland Stock 66 Philadelphia Stock Exchange 61 Pittsburgh Stock Exchange 69 San Francisco Stock Exchange. 62 Exchange Exchange Detroit Stock Exchange.. Los ..60 Angeles Stock Exchange 64 Exchange 41 Exchange—Bonds .19 Exchange—Stocks....31 INDEX TO GENERAL QUOTATIONS Page Banks and Trust Companies— Municipal Bonds— 100 Domestic Canadian ..111 Exchange Seats Federal Land Domestic Public 91 Bank Bonds.. j} 91 Canadian 83 _— * M Public 93 Utility Bonds ...73 Utility Stocks 78 Railroad Bonds 67 81 Railroad 71 Industrial Stocks 84 Real Insurance Stocks ....99 Foreign Government Bonds ...92 Industrial Bonds Investing Companies Securities 72 Joint Stock Land Bank— Securities 19 84 HN/Lan?cJb_ B. William DANA .110 84 Textile Stocks 84 Guarantee and Safe Deposit Stocks 84 United States Government Securities..91 Mining Stocks WILLIAM Estate Bonds Real Estate Trust and Land Stocks Title Mill Stocks—see Textile Stocks— Stocks United States Territorial Bonds 9, 1939 COMPANY, Street, Corner of 91 PUBLISHERS Spruce Street, New York J \ . Jtate gcprrsit awxt JJJmsl Co. —OF BALTIMORE— Capital $2,000,000 Surplus and Profits $4,196,364 CINCE 1876 this Company ^exclusively has devoted itself to the management and conser¬ estates—specializing the whole effort highly trained organization in this business. one of the few trust companies in the vation of of its is It country which has never engaged in general Its Directors are: banking, selling securities, etc. Edwin G. Baetjer-- Charles H. Babcock William G. Venable Baetjer & Howard Reynolds & Co. Baker, Jr-.Baker, Watts <fc Co. Howard Bruce Chairman of Board of Balti¬ George C. Cutler President of Safe Deposit and more S E. National Bank Trust Co. Asbury Davis President of Baltimore of United States Fidelity and Guaranty Co. Lyman Delano Chairman of Board of Atlantic Robert Garrett Robert Garrett & Sons Norman James President of James Lumber Co. Coast Line R. R. Co. J. Edward Johnston—Capitalist Blanchard Randall Gill & Fisher Charles E. Rieman- Pres. of Western Nat. Bank BANK-QUOTATION RECORD U. REQ. S. PAT. OFFICE Copyright in 1939 by WILLIAM B. DANA COMPANY, in office of Librarian of Congress, Washington, D. C. Entered Second Class Matter, March 9, as VOL. 12 1928, at the Post Office at New York, N. Y., under the Act of March 3, 1879 NEW YORK, MARCH 9, this Bank Quotation Record and The Bank and Quotation Record is of the companion publications one resulted of the Commercial & Financial Chronicle and is issued monthly. Terms for the Chronicle and U. S. Possessions and and are The $18 per annum within the United States Central America, Spain, Mexico and Cuba, and $23 in other foreign countries. Postage outside of United States extra. year. Record is $12.50 Single copies are sold at WILLIAM La & Salle William Street of Drapers' Gardens. E.G. attacked of OF FEBRUARY—COMMERCIAL deliberative, settled of war down into more a the President's Not gram. quite figuring but nevertheless to national ameliorate ness breach Feb. 27 of one the three Labor Relations expansion Administration's in the Supreme pro¬ plans, tending as Government-busi¬ Court for and tion, Representatives their thoughts tion's foreign Senators during the month as to voice gave to what the Administra¬ on policy is and should be. Despite the discus¬ sion, the Administration pushed through the House both the important exception, substantially the The May bill) by House House vote of 368 to 4 205 to voted 168 to ties at the island of Guam to Guam the would The item bar ultimately (the Previously the $5,000,000 item Pacific. the 011 The curred in 011 The opposition that it approved civilian facilities 500,000 1941, in the worth an and Canal "educational $2,000,000 annually Zone; the placing of $34,- orders" between thereafter, "to private manufacturing establishments with of munitions of war of mercial in special character," and or increase sonnel of from raising the limit from 5,500 Senate on to Feb. 21,000 to 45,000. the 22 in the House With top strength Army bill practically the passed by the House. between the on 6,000 and the absence non-com¬ increase of of Air Corps per¬ the exception form was Air force to it as the was a compromise a limit asked Secretary of War Woodring. As passed by the House on Feb. authorizes 23 the Naval Oceans, constituting Base bill the establish¬ air bases in the Atlantic and an authorized expenditure Pacific of $48,- 800,000. The President indicated 13 those the United Feb. on 28 of 011 Feb. 17 a by the United States RFC and Other Bills on houses of Congress was Corpora¬ Credit The CCC bill raised the from $500,000,000 the RFC bill Final completed 23 and $900,- to Feb. on 16 and congressional action of the 011 Export-Import Feb. 24 when the House 011 the House The con¬ Senate approved adopted the Bank the slightly different a Feb. 21. 011 important action House the of of Representatives Feb. 9 of the Doughton bill, which 011 reciprocal taxation of the salaries of Federal, President Roosevelt. unsuccessfully (Feb. recall to Senate by the measure 14) the Finance Committee Feb. 22, thus paving the 011 early consideration of the Previously, however, pro¬ State line with the recommendations The approved the Doughton bill for Finance Commodity the Bank's lending policies might operations and municipal employees in of considered June 30, 1941, the House bill way branch. upper Republicans moved from Senate the because opinion by the joint Congressional Tax Committee that an such salary stitutional until taxation after it had It also was President's on voted be the in recommendation only withheld after from a the con¬ House bill. Feb. on until later imposed been 011 indicated mittee deferred terest could amendment had 7 that the the session for a House decision com¬ 011 the of reciprocal taxation in¬ Federal, State and municipal securities. Deficiency Relief Appropriation^ill President Roosevelt refused to accept as final the decision of Congress in January appropriation and calling for gress to supplement an vantage of a reduced figure use been more he In his relief to Con¬ of $725,000,000 which previous month. The President Senate-sponsored provision of the Ad¬ took ad¬ deficiency additional appropria¬ an an emer¬ message the President said that if it had not for the provision than would now message during the present fiscal year in the event of gency. did deficiency of the Works Progress bill which "invited" him to ask for tion the special a immediate appropriation of $150,000,000 the the curtail to Feb. 7 sent on on in the bill precluding a decrease of 5% in WPA payrolls during the winter months have Feb. 4. vetoed the bill instead Declaring that "in my of signing it opinion exists," the President said that the failure priate the requested reduction (from mated) funds 1,500,000 would to "require 2,000,000 a as he emergency an to very persons, appro¬ drastic he esti¬ in the WILY rolls commencing April 1, 1939, which would result in removing people from the work program in numbers far beyond those that could be absorbed by indus¬ his part in facilitat¬ ing the foreign purchases, but he defended as entirely legal 20. the ministration by ment of 10 new naval assist referendum. popular a Reconstruction production reported same the Congress appropriated for of the was The 6,000 figure bill an both familiarize the approximate 14,000 in the Regular Army, exclusive of and now technical design, an Feb. 011 to to which Senators of 12 group Senate amendment. a expenditure schools; improvement of the garrison Panama of treaties of authority of corporation the passage jwas $376,000,000, provides for increasing the Army Air Corps to 5,500 serviceable airplanes; the training of pilots in airplanes. difficulties, Congress limited the Bank's Feb. on Feb. complete fortification of the island. mean statutory a Utah of President the prohibit the declaration Senate passed extending recom¬ contention Army Air Corps bill, which authorizes of about recom¬ improving the harbor facili¬ the in Feb. 23. the based was as Feb. 15, and the Naval 011 011 mended by the Naval Board for form same one Army Air Corps bill of 367 to 15 a vote Base gill by a the passed that House "secret" conference, with and Thomas and violation in Export-Import the One Army and Navy expansion bills in what was, with but mended. the of 000,000. poses January, putting to enlarge the President's control over as authority to lend to $100,000,000. capital bill members of the Military Affairs Committees of both houses in 20 American-made Answering the fears of isolationist Congress¬ into foreign us on decisions its Against the background of the reports and denials at the President's Senator of Export-Import Bank and that lead measure what did go on to the activities of the Corporation. Defense Measures on on Congress bi-partisan a month criticizing the of some decisions respecting the reinstatement of striking workers. Action the and the CCC strikes and Board by without bill factions the the outlawing the sit-down National defense event which was considered an were in by so permit amendment overseas atmosphere during the month under review and considered bills imple¬ menting countries and passed a series of bills extending to AND life independent, more Nye foreign by others introduction men somewhat! but Feb. Senator to Congressional Action EVENTS Congress session, the was that policy Spruce Street, New York Following the rush of activity which marked the opening days discussion only concrete proposals signatory. is COMPANY, Publishers, corner FINANCIAL and States During REVIEW bj' sale introduced war constitutional Street. Smith, 1 DANA B. the on foreign the were: introduced countries The CHICAGO OFFICE—208 South it the and amending the Neutrality Act $1.50 per copy. LONDON OFFICE—Edwards from resolution materials The subscription price to the Bank and Quotation a The of however, bill restriction Territories; $19.50 in Canada; $21.50 in South Most action. academic, NO. 3 1939 try with any conceivable degree President sent the relief message, of recovery." Before the Representative Woodrum 2 MONTHLY introduced in the House Feb. 6 on bill calling for a President took the occasion to reduc¬ a tion in relief fiscal the next conference at which the President voiced these senti¬ by a day a special Cabinet meeting which, it was reported on March 1, witnessed one of the frankest press ments followed of heavy penalties for mixing politics and relief. 9) Senator Byrnes Later (Feb. bill, which is the Senate inquiry, designed result of the recommendations of a consolidate to Federal Works Department Senator tion which expected to serve was Congress relief Federal range within activities relief base could Public a meet to program as founda¬ a of the Administration's "Appeasement" Program tion's I Secretary of Commerce said is the determined now to frankness and "economic nized the business Lack of business real as with. to deal to ignore lack of that For it. If . . . reason, if for could we gone long a toward way been hard, a business find stubborn health as other reason, no a I many and essential fact, and have we any do break to way railroads the taking not propose the log-jam housing steps of will we addressing reaching the substantial the field of the eral business, to . just Mr. Hopkins . While . flow ncessary private capital . . wishes to and own the . . all operate should be the risks. the tax laws business men should and deterrent, a business at and man ahead, go be look business business to not normal careful back The him will it taking a understand should legislation the business so man for revising "act which taxes as a the developments during the past This week, when, in a letter to Secretary Morgenthau, Senator (Democrat) of Mississippi, Chairman of the Sen¬ Committee, and Representative Doughton Finance of North Carolina, Chairman of the House Means Committee, referred to the recent state¬ ments by President Roosevelt, Secretary of Commerce Hop¬ kins and Mr. We Morgenthau, and said: appreciate that it is the intention of the Treasury to make March the 15, Chairman As of of returns are received tax of the taxation sentiments no recom¬ Congress concerning the Federal tax structure until after 1939, respective the in respective our having committees Congress, believing and committees, examined. and would like we with the express the deal to that we to have, as soon of as be in the views any provisions of the tax law which, in your judgment, act as a deterrent can indication no utilities of rise general no holding wants that and their business many One . future near good many see—a good a of tlie Senate and House Tax Committees. Ways and made tolerance and there has been Federal taxes any capital should be of employers. in (for) . feel there I I believe year, income must be with agreements for avenues this taxes rising national a public utilities Government country. to I men (Democrat) subject contribution in fairness that himself points: The Secretary said: business" are sought from the Treasury by the among mendation to Labor's Secretary taxes, on holding back will take commitments. nature Harrison the In Congress deterrents ary March 3, on ultimate to recovery. these business Presi¬ recog¬ has to restored recent profit. a Chairmen the some in what's-the-use attitude about going ahead in Recommendations ate confidence is and deterrent a their deterrent to Mr. Hopkins confidence" among speeches, investment in the field of utilities, private have "widespread saying: attitude is future a make can men, of be may royalist" this Administration of such be With considerable marked contrast with in making was dent's a there the that promote that recovery with ail vigor and power at its command." to have expanding if see from emphasis shifted from reform to recovery the Administra¬ tion held Feb. 23 that the Treas¬ on is that the business me I think sincerely hope that to "with that thing that bothers from men "appeasement" program with his speech in Des Moines, Iowa, on Feb. 24, in which he set forth a Govern¬ ment program for business based on "a desire to create an invironment in which private capital will be encouraged to new sentiments Treasury Morgenthau said business. own The Nation Toward Revision of Taxes President's the of them—seem Harry L. Hopkins, the newly-appointed Secretary of Commerce, took the center of the stage in the Administra¬ invest." the of is counting on a higher level of business activity rather ury The on affairs than upon new tax levies for revenue. present set-up. Secretary Hopkins the Action Echoing perminent longcriticism of the a of months by the 'President and members of his official family. in order to reduce spending and waste. Byrnes's bill upon discussions another introduced of the criticism some budget policies by inviting his critics to specify the expenditures that should be cut and to what extent. The year), abolition of the WPA, return of the relief to the States, and imposition of administration answer of his spending by 50% (as compared with the Presi¬ estimates for unemployment and direct relief for dent's REVIEW this Fed¬ in possible after the March to business and ments returns 15 recommendations and which, in of opinion, your to which a statement issued at have we been have the received and examined, within the come relating Department Treasury 6Cope to of the state¬ referred. which tend to freeze the In amended. a conference in Washing¬ press ton, March 2, Senator Harrison said, in part: Tennessee Valley Authority The Taxes events leading up to Mr. Hopkins's speech were initiated by the settlement of the six-year-old dispute be¬ Tennessee the tween wealth Southern & Valley an Common¬ the Corp. with the announcement basis for Authority and The settlement came on Feb. 4 by the TVA that it had reached the agreement under which the C. & S. would sell all of its Tennessee electrical properties to the Government for about $80,000,000. Continuance of negotiations looking toward the purchase of the C. & S. properties in Mississippi and Alabama and other States in the TVA area promised. tion from for the ment utility time recognized utility lowed voiced by future a few operations it should four years, least Federal the stock common leaders, Govern¬ value including in Mr. the on bring equipment new extent least at a year TVA's the of $1,000,000,000 for the next three a which would be double the 1938 figure. At branch of Congress indicated its desire to go along one with the private of marked that if the settlement is fol¬ modifications of Government policy assurances capital outlay for or where satisfac¬ since it opinion other definite as instance "equity" or Some business the greeted with was investors, especially an the systems. Willkie, such The agreement the first utilities—and also to secure some measure in Government expenditures—when the House the $1,898,000,000 Independent Offices Supply bill Feb. 8 a $17,000,000 item intended to go to the TVA for economy cut from on the construction ever, and in of Gilbertsville Dam The economy ects. advocates lost and out in other the dam proj¬ employment stances The in Senate's the Congressional action TVA on March Committee 1. Meanwhile given was the $25,000 Joint for of business came contribution to the at a press on Feb. 17 prepara¬ tory to a sojourn with the Fleet in the Caribbean to recuper¬ ate from an attack of the grippe which had confined him to White the House for a week. The I am opposed, by law the present handicap avoid this to would business, the Additional to the increased Government's effort exceptional unless request coming to Congress expenditures. President Lewis, had William Green and John L. the American Federation of the Congress of Industrial Organizations, to "end appealed breach" which warring camps. virtually for to heads respective Labor and the has of split the two labor factions identical movement" appeal was contained in the two leaders. He called letters to his letters in and a "united and vital requested that the two labor heads appoint committees "to negotiate the terms of peace" looking toward this end. "The Secretary of Labor tells "that there appear to be me," the President said, insurmountable obstacles to peace." to "the hazards is subject, find dangers to which the labor movement from without, and if it cannot announcing the appointment of the A. F. of L. "peace" committete Mr. Green said: The and preservation the of preservation the of of structure its portance and cannot be compromised That will fact initiated be kept and Administration the at are- of be made the subject of negotiation. in all mind negotiations which believed were Daniel of J. to and of Teamsters Brotherhood be utility companies have been half that power S. the there was development. settlement-left program of to be aware no noted President that for about may disappointed President Tobin, of leader of assured "peace committee" pointed. work Mr. on March Tobin's 1, the the March 2 to of Mr. A. thte Tobin's which he had been given as the press Thomas A. Rickert, in the Teamsters Union. Vice-President to was reason F. of L., was United States a further expansion the private year of and a Federal The President said that the TVA-C. & nothing in the way of going ahead with utility integration and construction. The Supreme ap¬ of Second appointed on place. of President Labor of transcendent im¬ on. leaders resignation Federation American principles or constantly in carried the democratic months The no The President referred pattern of unity." a In and both internally Court's Decision Against NLRB— "Sit Down" Strikes Illegal new come. into The President's "peace with honor" in the interest of labor Des Feb. 25 that the on Labor Relations Board at the hands of the Supreme to the or radical and substantial cut industry that they would not be called upon or higher taxes for financing New Deal programs and that they could look forward without any misgivings as to the Administration's objectives in the shoulder debt. Following Mr. Hopkins's "appeasement" remarks at business and to to circum¬ the national limit of a additional add people. "peace" advocates in the A. F. of L., from the Federation's plan to ally the fears conference would being increased is to begin immediately International President's Assurances to Business The President's revival of and Moines, the White House made known be Feb. 2 and 6, respectively. them American President'8 Appeal to Labor for Adjustment of Disputes penses on the and income. however, way, increase to deterrent to the a increase to Government ex¬ and instructed to submit a final report by April 1, 1939, according to a bill passed by the Senate and the House as that industry people, national arise, only taxes heavy so American of the increase Senate, how¬ when that body on Feb. 21 restored the original figure approved the bill on Feb. 22. The House concurred now upon would act taxes agency was are burdens Three distinct setbacks the the United in Feb. of administered to the National 27. which Reed dissenting, Justice pating, and Brandeis) on decisions—all three Black and case States were a vacancy —was which The most were Court important 5-to-2 of (Justices Frankfurter not partici¬ caused by the retirement of Justice the one in the Fansteel Metallurgical Corp. court outlawed the sit-down strike as a the < March, 1939] MONTHLY REVIEW "high-handed To of justify such conduct because of the existence of unfair an force which labor instead order The right." proceeding without shadow of legal through Chief Justice Hughes, said: The court, practice be would of lie the at foundations of of case arose out put labor a premium a dispute or employees resorted to the sit-down forpi of coercion "they took a position outside the protection of the statute and accepted the risk of the termination of their employment grounds which the aside statute from the exercise of the rights legal designed to conserve." The BlackReed dissent held that the strikers were still employees and was All they are noted and Columbian the Co. case, the conclusions with regard to the Wagner Act. First, that a company is under no obligation to retain strikers as employees if they have struck in violation of a contract; and secondly, that the evidence that supports the findings of the Board must be laid court down "substantial" Enameling & two of that the there Stamping general Enameling Board was substantial no the court overruled the case reinstate to workers evidence the on show to grounds that lective bargaining, or lective negotiation on after refused company 1. Sands the Manufacturing Co. the case court contra¬ Washington, rules objective being Strict Maintenance water Federal to power make use. its report and interests protect commission or oil of and to the gas, the producers. of national policy natural defense by public of assuring development and high grade coal, gas available and the at adequate an of and time same supply power in any emergency. In his tion's Some legislation of fiscal this This years. report advanced for affecting other year, forth sets affecting programs President the conservation on Na¬ the of the President said: Federal end are bearing message resources these solution Roosevelt the useful a the . the of of end expire at a few more for reference Specific . will resources at frame . most Issues energy legislation resources. of legislative recommendations pressing problems. Executive Order Exempting Workers from Civil Service—Names Committee Special Study Exten¬ to sion of Merit System to These Workers President Roosevelt Jan. 31 issued on Executive Order an postponing the extension of Civil Service to about 5,000 pro¬ fessional, scientific and technical employees of the Govern¬ This latest action modifies into the order made last June an 10% of those who would have been under the original order. contract with the M. E. S. A., but when water accounts also board distribution widely more brought a for by Congress before Press conservation and petroleum, energy of the Mechanics Eductional had United Federal active an conserve the oil production 24 and affects less than the company be approved regulation of the bituminous coal industry. of electrical strengthen Federal a uphold a Board order charging the company with refusal to bargain collectively with members Society of America. This case originated when the Board issued an order alleging dis¬ crimination, lock-outs, coercion, interference with self-or¬ ganization, and failure to 'bargain collectively. Originally 16, prevent waste to 2. to of governing ment. to existing regional plans Feb. The refused industries coordinating that the National Resources Committee in dicted conclusions of the NLRB from evidence it submitted. court and Federal a validated. Establishment draft col¬ such through resources: July 23 when the plant was opened shut-down. a In that the with the knew between July 5, 1035, when the Act became operative, and September, 1935, that a union wished col¬ company cleared be to recommended the following in regard to the so-callejd energy the evidence. In the Columbian order important municipalities to pollution. plans conformity assure 3. the Sands Manufacturing Co. case assistance grant of sources preferably the Public problem. the pollution-abatement contracts to From consequently protected by the Act. In the other two cases, to agency 4. reinstate employees who had partici¬ pated in a sit-down strike. The court declared that when and Anti-pollution Federal agency, appropriate an study to loan removing Fansteel company to upon Service, Federal 3. society. order of the Labor Board for the an in resort on Designation of Health 2. to legal remedies, and to subvert the principles of law and to 1. 3 competitive classified service Feb. on 1 In order to apply the civil service principles to these exempt Federal employees the President a committee to conduct a study of the matter appointed with the headed Civil by Service Supreme Commission. Court Justice that group cludes shop The is committee Stanley Reed and in¬ Attorney General Frank Murphy. the International with of refused to let the company operate the machine the principle of departmental seniority it negotiated on L. members. petitioner sion that that the because the they activities certed conclusion and has or conduct locked were for no the permits evidence coercion by the in S. . untimate and had . i6 in con¬ We think contrary to There . 6ave employment engaged bargaining. and conclu¬ inference and refused A. collective evidence record. of the E. the reasonable no discharged M. of purpose support of correctness out, members of the uncontradicted espionage the urges respondent's were of President is the the entire evidence of no The formal the to sitdown is illegal and by the workers." court during the "I have comment: one strike always stated should never be that resorted The only other major dceision of the was a 5-to-3 decision on Feb. 13 month sustaining Government charges of violation of the Sherman Anti-Trust law through the restriction of the showing of important motion pictures in Texas and New Mexico. Supreme Court Feb. 13 opening San Francisco sion to state Bay area." Their have Conservation Louis D. Brandeis retired from Message in Roosevelt, to Congress Urges Measures sition" constituting "a great sent were to Congress on Feb. 16 one Resources . the utilization of coal, the transmitted United States," committee President an conservation and of the Nation's resources oil, gas and water power. the President of pointed With his other message report on "Water Pollution in a prepared at his request by National the out that Resources an referred Committee. "the committee estimates The that expenditure, by public and private agencies, of approxi¬ over a period of 10 to 20 years may be required to construct works necessary to abate the objectionable pollution." President, at the same more a Division of Water 'Pollution While subscribing to the general purposes of the Act, the President stated that he withheld his approval of it "because of the method which it provided for the author¬ ization liis of loans and message, water "that pollution For the tee^ says grants in aid." furtherance this at may again of session "I the receive anti-stream hope," lie whole your says in problem of consideration." pollution, the commit¬ the United Press, suggested: the which also." area of Island (the extension "cover President this Expo¬ which is of incalculable United the site "America's newest insular possession" example of territorial The "partners in are prosperity Treasure to well of ress it as of States." the He Fair) as and "an outstanding without aggression." In be "an instrument of international goodwill expression of the material and cultural prog¬ to an our President West and of our Pacific Ocean own Roosevelt, Greeting at extending, neighbors." Hernando Says Peoples of New de Soto World Are Feb. 18, greetings to President Brorein, and "my friends of the Pan-American on Commissioner Dye Hernando De Soto Roosevelt Fla., American United in Aspiration to Maintain Self-Governing Way of Life In Tampa, Pan Exposition declared Exposition," at Tampa, that "the of peoples Fla., President New World," the although of many origins, "are united in a common aspira¬ tion to defend and maintain the self-governing way of life." "To show our faith in democracy," said the President, "we have made the policy of the good neighbor the cornerstone of foreign our relations." The Exposition, he "is said, another link in the forging of that chain of brotherhood." Associate Justice Brandeis Retires from Submits Resignation at 82 Louis D. Brandeis retired of the United States of service. In his letter to accepting that he had Court— Feb. 13 as Associate Justice no of resignation to President Roose¬ reason the the come press after resignation, to think his resignation. President of Justice In Roosevelt Brandeis "as a his said neces¬ and very permanent part of the court—and, since 1933, sary as one after A Supreme no statement letter S. for his retirement, which, surprise to those in public life, since he ill health for many months. He refused to issue however, was any on U. Years of Age Supreme Court, ending nearly 23 years velt, the jurist gave had been in time, referred to the action of the last Congress in passing, during its closing days, an Act providing for the creation of Control. 11 to advisory mately $2,000,000,000 The as importance States other the he said, one," he observed, "you seen the described for of which deals with a report Committee, prepared in accord¬ ance with his request in March of last year, and which pre¬ sents suggestions for the carrying through of a program for National the have seen duplicate each any way exhibits," ^ of special messages by President of effect their ^ ^Nation's^Water Power Resources—Control of Pollution^Urged Water Two If you occa¬ "the San Francisco and do not in and themes in not President Roosevelt took his greetings that in York World's Fairs New declared Vacancy nearly 23 years' of service. President\RooseVelt International Feb. 18 of the Golden Gate Inter¬ on the to Associate Justice the court after Gate wishing the Exposition "all possible success," the President given the fourth opportunity to make Supreme Court bench when on was appointment an Golden to and Governor Olson of California, as well as from Mayor Rossi, who spoke "for the chief executives of all the cities in the as The President Frankfurter ings from President Roosevelt, a message of welcome from other. company. Wagner,, author of the National Labor Relations Act, had only Roosevelt Felix Exposition at San Francisco different fields. Senator Justice national Exposition at San Francisco was marked by greet¬ (NLRB) employees Greetings membership which in declared: the court The Association of Machinists, an A. F. "practically all" employees were In refusing to enforce the order of the Board, affiliate, its in I who would continue his fine service there until long have left Washington." joint letter from expressing made regret at seven the members of the Supreme Court retirement of Justice Brandeis public in Washington on Feb. 18. The letter paid tribute to Mr. Brandeis's judicial career ^is "one of extraordinary distinction and far-reaching influence." was MONTHLY REVIEW 4 D. Taylor Resigns as Assistant Secretary of The Treasury— President Roosevelt Accepts the Resignation Wayne C. 16 accepted with "real Feb. on McFarland, which Taylor added again serving Bell, Assistant Golden 28. W. Arthur In his letter to "circumstances have make it desirable for me to resign." Mr. that he would welcome the opportunity of the Government. In reply, President Roose¬ retary of the Treasury, effective Feb. the President Mr. Taylor stated that Assistant T. the for Treasury-Post Office Appropriation "Post" for carrying in the 10: Feb. of of commission the Federal Judges and United States Roosevelt Nominates Patterson to Succeed Judge Manton, Attorney—Names Judge Resigned Roosevelt President 9 Feb. on to sent Senate the in part: an the campaign ments for the New Roosevelt President Senate the States 10 sent to the Feb. on U. S. Court Post in Judicial Appointments Shackelford Miller Jr., to be United of of Kentucky. Mr. -Miller, who was campaign manager for Senator Alben W. Barkley in the last Democratic primary contest, has been counsel for the Reconstruction Finance Corporation in the Louisville branch. The Senate confirmed this nomination on Feb. 20, Judge for the Western District disregarding a protect made by the appropriation for the Bureau of Mint's expense® and Gold Reserve Acts. Representative WThite of declaring that the Taber proposal would strike down the only on® Administration's monetary policies on which the Government had by $100,000 the $731,500 in connection with The Idaho of the made the Silver Purchase bloc moved into action. Western silver profit. a The silver purchase program will be to continue it. House Votes $100,000 to American Federation of Committee Investigating other judicial dis¬ They were former Governor James Y. Allred for the Southern District of Texas; Frank A. Picard nominations. of Michigan, and Representative Goldsborough for the District of Columbia. Confirms Senate District Eastern the Alan T. Nominations to Civil Aeronautics Authority, Air Safety Board and Maritime Labor Board Senate The Feb. on confirmed 11 17 The House of committee the by Board, Those approved Labor Board. Maritime the and Aeronautics Civil the of Administrator Authority—Clinton Hester M. Robert of Aeronautics Authority—Harllee Branch of Georgia ; Hinckley of Utah; Oswald Ryan of Indiana; G. Grant Mason Jr. H. Member the of C., and Edward J. Noble of Connecticut. D. Washington, Safety Board Air within the Civil Aeronautics Author¬ ity—Sumpter Smith of Alabama, and Thomas 0. Hardin of Texas. of Members York; the F. McGuire Board—Robert W. Bruere of New California, and Claude E. Seehorn of Colorado. Louis Bloch of M. Labor Maritime Named as Acting Special Assistant to F. return as B. to the private who resigned the practice of law. General Murphy, Attorney Committee Names to at Instance previous of President to Roosevelt, Study Practices ot Quasi-Judicial Govern¬ mental Agencies Attorney General tion of President Frank Murphy on Feb. 23, at the direc¬ Roosevelt, appointed a committee to study practices of quasi-judicial governmental agencies and make recommendations as to possible improvements in their pro¬ President that the Justice Department in trying to uphold the legality of decisions by these agencies had recognized the need for reform in the procedure followed in the administrative law field. Accordingly the President requested the Attorney General to undertake an inquiry of the problem. The Mr. cedure. members James division, of W. Morris, part ip sit-down strikes. The concerns were the Mergott Co. of Newark and the Archer-Daniels Mid¬ land Linseed Co. of Edgewater. In both cases the dismissed E. workers Chairman. Attorney General in charge of are It tions. the Industrial Organiza¬ Co. has chance to apply for rein¬ member of the Congress of was stated on March 3 that the Mergott strikers a offered the discharged statement. Coal Act Upheld by Three- brought by the City Coal Act declared unconstitutional, three Justices of the District Court, Wash¬ ington, D. C., upheld Federal price-fixing in the soft coal industry. According to the Washington "Post," the pricefixing and other powers of the Coal Commission were declared clearly within the authority granted the United States in the interstate commerce clause of the Constitu¬ of tax dismissing, on Feb. 16, an action Atlanta, Ga., to have the Bituminous Justice tion. Chief sat Miller Justice of the Wheat Court of Appeals, with whom and' Justice Adkins of District Court, wrote the opinion. House Passes Consider Resolution Legislation Recreating Committee Effecting Reorganization Authorized to of Government Bureaus Approval tion was Feb. 1 to a resolu¬ the last Congress about the reorganization of agencies given by the House 011 recreating the committee created in which would bring of the Federal Government. tion committee are: Assistant Jersey taking Murphy had informed the the United States approximately 300 employees of two concerns in were reported as having been dismissed for strikers, In week Dismissing Sit-Down Strikers Court Ruling Judge Federal Court in Washington § Murphy on Feb. 18 named Matthew his Acting Special Assistant, succeeding Keenan, as Price-Fixing Under National Bituminous General McGuire Joseph Reported Following the decision handed down by the the Attorney General, Succeeding J. B. Keenan Attorney Firms Supreme Court on Feb. 27, denying the National Labor Re¬ lations Board the right to compel reinstatement of sit-down J. Montana. Members of the Civil for another year. Under Supreme New were: of New Jersey Two the last $100,000 to The resolution pro¬ viding the fund was adopted by a voice vote of the members of the House. A resolution reestablishing the committee until Jan. 3, 1940, was approved on Feb. 3. made nominations Roosevelt to aviation and maritime boards Congress. The appointments were to Civil Aeronautics Authority, the Authority's Air Safety created Representatives 011 Feb. 9 voted to give the investigating un-American activities continue its inquiry President by Un-American Activities On Feb. 10 the Senate confirmed three for terminated on June 30 unless Con¬ Representative Dirksen, Republican of Illinois, said he is seeking by petition to discharge the Ways and Means Committee from further consideration of his bill, which would repeal the 1934 Silver Act. gress votes Labor. trict Feb. 28 added: Montana failed in an attempt to raise from $30,000,000 to $6d,000,000 the amount to be set aside for construction of public buildings. The House also turned down an attempt to add $50,000 for assistant postmasters, the vote being 88 to 31. The test vote came on Mr. Taber's amendment, which sought to reduce S. Miller for Kentucky—Senate Confirms Three Other nomination provided for the current year. Representative O'Connor of Lamar Hardy, Attorney for the Second District Nominates Roosevelt both depart¬ Despite the reduction, the total was despatch to the New Tork "Times" on York. President starting July 1. stating that the House declined on Feb. 28 to require the Postoffice Department to spend half of its $325,000 twine fund for twine produced domestically, a Washington also named Francis Biddle of Phila¬ resigned, as United States of recommended $1,700,471,354 to operate In Appeals for the Sixth Circuit. T. Cahill was named to succeed John year $197,029,280 greater than the sum delphia as a member of the Court of Appeals for the Third District and Hersliel W. Arant of Ohio as a member of the Court of Committee The Hoover. President Roosevelt today and Post Office Departments. (a Democrat) as Judge of the Circuit Court of Appeals for the Second Judicial District. Judge Patterson, although not connected with any political party, is considered a Republican and was an appointee of former Herbert by whittling down this year (resigned) President which started an economy drive President Roosevelt's relief proposal, continued by lopping $27,926,138 off his estimates for the Treasury Appropriations Committee, The House appointment list, in which he named United States Judge Robert P. Patterson of New York to succeed Judge Martin T. Manton carried by amendment was missioner. President United States." the bill on Feb. 28 Mr. Tabers* a vote of 130 ayes against 128 noes, but with a demand with Democrats for tellers, a further vote of 135 ayes and 155 noes was reported by the tellers— thus rejecting the amendment. Only slight changes were made by the House in the Bill, consideration of which was begun by that body on Feb. 24. Regarding its provisions Associated Press advices from Washington on Feb. 24, stated Epitacio is British national commissionership is vacant, but the British non-national member is Alexander Millefrand, of France. Jonkheer Beelaerts Van Blokland, of the Netherlands, is the joint com¬ The Brazil. of Pessoa, appropriated in this bill shall be used of any silver except newly mined silver mined out the purchase Earlier in the debate on member American non-national The States United That none of the funds "Provided, and Great Britain, negotiated Further details were given as follows in the Wash¬ in 1914. ington the Advancement of Peace for Treaty by the Post Office De¬ Rejecting Motion to Recommit with Amend¬ Silver Purchase Program After by the House on 9 appointed James W. Gerard Ambassador to Germany, as the Amer¬ member of the international commission pro¬ the President of the American and former Under-Secretaty of attorney Bill was passed Feb. 28, after it had rejected (by a vote of 196 in opposition to 143 in favor), a motion by Representative Faber (Republican) of New York, to recommit the bill to the House Committee on Appropriations, with instructions to report it back with the following amendment: Gerard to Anglo-American President Roosevelt on Feb. between lands Restrict Use of Funds for to ment of New York, former vided Washington, of Appropriation Bill for Treasury and partment Commission ican national charge of the Treasury. House Passes The W. James Names in Solicitor General. Vanderbilt of Newark, N. J., Past Acheson Dean the work he had performed and said his offer of future service was "sincerely appreciated." Roosevelt General Attorney Association. Bar velt thanked Mr. Taylor for President Appeals Columbia. division. C. Taylor as Assistant Sec¬ gret" the resignation of Wayne arisen re¬ of District Carl Roosevelt President the United States Court of Groner, Chief Justice of Lawrence the for measure, was The resolution, an Administra¬ passed by the Senate on March 28, 1938, April 9 last year was recommitted by the House to the House Select Committee on Governmental Organization but 011 MONTHLY KEVIEW March, 1939] and on the bill May 31 it had The House Feb. on 1 this year, with by vote of 153 to 102, a correcting amendment, an a typographical error. A compromise bill introduced in the House Feb. 23 by on Representative Cochran (Dem.) of Missouri to provide for the reorganization of executive departments and agencies of Government the March 2 by the House Committee United States on Law Supreme Court on Feb. 27 held con¬ stitutional a Pennsylvania law regulating the milk industry in Pennsylvania. The Pennsylvania Supreme Court had previously decided that the law was in violation of the com¬ of the clause former Secretary Assistant Labor. of The 15% wage increase and a week. This strike had tied up hundreds of build¬ ings, employing over 4,000 men, and had resulted in approxi¬ mately 100,000 employees in the district remaining away from their jobs. NLRB Orders Kentucky Coal Association Dissolve Independent to Union The National Labor Relations Board Feb. 24 ordered on association of 19 coal operators n Western Kentucky to cancel a contract with an independent miners' union and no an longer recognize that union The United States merce McGrady, 40-hour to the Upholds Pennsylvania Milk-Control Court Supreme House on Reorganization. favorably reported was F. union had originally demanded a abandoned resolution the passed revive indicated that all attempts to for that session. was been 5 Roberts Justice Constitution. wrote the majority opinion of the U. S. Supreme Corn t which even dealers who sell wholly outside the State bonding and minimum price requirements estab¬ lished by the Milk Control Commission. The Pennsylvania law, says the Associated Press require all milk dealers to obtain licenses, to file bonds guaranteeing payment to producers and to pay minimum prices prescribed by the State Milk Control Board. ruled that as a collective bargaining agency. The Board, it is stated, charged that the association domi¬ nated both the contract that strike a affaliate of of the the the and abrogation of the latter. union, its ruling In and Mine Workers United Congress of Industrial of ordered the the Board decided America, an Organizations, against the Sixth Vein Coal Corp. of Madisonville, Ivy., in April, 1936, had not been caused by "unfair labor practices." must meet NLRB Y ork State to Supreme Court Justice Francis Bergan Feb. 22 ruled against the constitutionality of the New on York marketing law under which the Commis¬ State milk sioner of Agriculture fixes Markets and minimum the prices to be paid to producers for milk distributed in pre¬ scribed marketing Justice areas. distributors whose favor Erie and Wyoming the are in tion, Trevett herst Farms Dairy, decision the Farmers' Cooperative Corpora¬ Association, Cooi>erative given was Am¬ Sterling Inc., and Arthur E. Landel, all of the Inc., Niagara-Frontier milk marketing area. After hearing the decision, Edmund F. Cooke of Buffalo, Cooperative Milk Producers the agency's program will attorney for the Metropolitan Agency, Bargaining be not said that affected. Meanwhile^ Unconstitutional Held Area Cooper by Federal District Judge Utica at 24 Federal District Judge Frank Cooper, Utica, N. Y., held unconstitutional the operation of milk eral-State at Fed¬ a agreement for the New York He based his conclusions on the ground that the operation of an equalization fund was "confisca¬ tory." From Utica Associated Press advices said: metropolitan marketing area. Cooper called Judge discriminatory" "most section a of marketing the agreement "which provides for the blending of all the net profit of all these sales The and markets all in classifications." all election Secretary of Agriculture cooperatives to vote on Indictment First The Under Court District first criticized for permitting only 22 of 193 was the proposal. grand jury Returned Law Lawrence Against and in "Herald" Boston Brown's New the in indictment it the United According returned was Inc., firm, indictment, 25c. and hour an Lawrence stated, is the failed Press Associated In first of guilty Lawrence, The and Boston to the against firm employ¬ engages the in "Herald" reports, keep some required records. advices prosecution yesterday imposed same dicted from under of Boston, March 1, it Act, the Government Contract that Co. of a Federal Lawrence grand on violating the wage-liour various actions were brought by alleging charges obtained Stitching, Inc., of $1,500. stated Shoe the Brown the from fines advices Gerber the the NLRB, whether they wish to indications available were during February that the foreign policy being pursued by the Roosevelt Ad¬ ministration well may become the most important question facing the country. Although a clarification of aims in the sphere that may involve the United States in warfare seems imperative, all efforts by the Administration toward were directed minimizing the recent developments and preventing congressional debate. the The lecture read by Mr. Roosevelt to Military Affairs Committee remains unex¬ This event of Jan. 31 was followed by press con¬ Senate ference statements general some He on Feb. 3, statements pointed out fact with the country that Great Britain readily place us on apparently reassuring "obviously" against an that foreign alliances, but made ous in which the President made of we are reference to the equally obvi¬ being steered into alignment no is and France in a manner that might the side of those countries in that war with the European totalitarian States which everyone fears and most of Europe considers inevitable. If this is the course desired by presumably the American people, then Mr. Roosevelt should be supported in his attitude. There signs, however, that the people do not agree with many tendencies of this sort, it and is at least advisable that Debate the on foreign policy was almost a continuous throughout February, but these senior handicapped by their pledges of secrecy matter in the Senate legislators as were to the White House conference on Jan. 31. Many refer¬ conference, and some of the Sen¬ ators present stated openly that the presidential comments would shock the country if they were divulged. In view of ences such were made incidents it minutes of is plainly all the more necessary that the meeting be published and subjected to the judgment of all the people. Still a matter the analysis and of that to dispute is the question whether Mr. Roosevelt, as some intimated, placed the frontier of the United observers such its In pleas by Foreign Policy Numerous States to stated: was conducted ever high placed, but the wishes of the many who might have to sacrifice life and fortune in the event of conflict. charge that the firm failed to pay the legal-minimum wage of let viola¬ (the so-called stitching of shoes, on contract, for Massachu¬ Hampshire and Maine manufacturers. The fitting and counts in 23. Feb. on Stitching. The workers. returned was Boston Feb. 9, the Bethlehem Steel Co. challenged the company's employees decide, in an on to generally available, so that the foreign policy will not re¬ flect merely the predilections of a single individual, how¬ Firm indictment charging alleged the Contract ing 300 setts, law) hour Court District employee representation plans at Boston Mass. S. U. in {Mass.) tions of the Fair Labor Standards Act of 1938 wage an all pertinent information on so important a matter be made and Hour Wage Boston in Feb. 13 issued on Shipbuilding Corp., Ltd., collectively through existing employee representa¬ plans. tion are . . Em¬ bargain nature. Feb. On Board plained. Federal-State Milk Marketing Agreement for New York Metropolitan Discontinue to Plan ruled that Bethlehem Shipbuilding dominated plan of employees' representation. the begun by Commissioner Holton V. Noyes against four dis¬ tributors of the Niagara-Frontier milk marketing area. The its Fore River, dismissed suits Bergan the Bethlehem upon disestablish the State Corp. Representation The Board Milk Marketing Law York New Shipbuilding The National Labor Relations Board order calling York State New Court Invalidates the Supreme Bethlehem ployee and New Orders jury in¬ March law. 1 on During States in France, either directly in indirection through references to so words many the need for or by aiding French and British rearmament plans and programs. Sales of airplanes and other war supplies to the European de¬ mocracies should be separated from considerations of this nature, since there is nothing in existing laws or regula¬ Nor should the popular revul¬ tions to prevent such sales. February Elmer F. An¬ drews, Administrator of the law, to enforce minimum wage sion here payments called for under the Act. and other governments of Strike of Building Service Workers in New York City Ended—Mayor La Guardia's Compromise Proposal Accepted The three-day strike of building service workers in the against arbitrary racial prejudices of the German official an Europe be utilized as the basis for policy that involves the threat, of warfare, and therefore the possibility of an immeasurably greater disas¬ ter than is confronted even by the victims of the racial garment and fur district of New York City ended persecution. when notice to the rest of the world ice on Feb. 3, striking members of Local 32-B of the Building Serv¬ Employees' International Union, affiliated with the American mise proposal strikers the of Labor, voted to accept a compro¬ by Mayor F. H. La Guardia. The made accepted the first Mayor calling for week and with a two proposals suggested immediate wage increase of $1 a when there will are question. All be a other renewal of negotiations points of on difference, it is to be immediately settled by Arbitrator Edward requirement of the situation that, in so far action is concerned, only American interests to as is plain a Government are of interest Americans. European Diplomacy When February was reached in the meteorological course by a wage stated, an of reduction in the work week from 48 hours to 47, further reduction to 46 hours at the end of 18 months, the Federation The of events, the expectation prevailed generally that another serious "war Europe, and that all the crisis" would possibly might world armaments are was relatively dreads being piled quiet, occur and ever when during precipitate in the the preparation higher. contrasted month general for in war which Actually, February with some of the MONTHLY REVIEW 6 gained a little of that which is so indispensable for preceding months, so that the world of continued peace assurance Italian territorial de¬ attention, as possible focal points for wide hostilities. The Spanish problem did, indeed, attain critical proportions, owing to the virtual collapse of the loyalist defense and the necessity for find¬ ing a solution of the questions raised by the imminent vic¬ tory of General Francisco Franco and his insurgent armies. economic mands Spain and the progress. France received closest upon difficulties were not pushed to any¬ the French-Italian But resembling remotely thing in easier breathed conclusion, a between lines The consequence. the world and the dictatorships were drawn more necessarily indicative of European democracies and clearly and firmly, but this is not a deterioration of the position. perturbing than any of the actual diplomatic devel¬ hasty rushing of the extraordinary arma¬ ments increases upon which all of Europe is bent. The United States also has joined the arms race, but the wide More opments was a of stretches separating this country from potential ocean relatively mild background for American apprehensions of general hos¬ were signalized by the airplane purchasing missions British and French Governments in the United Holland also sent a group of experts to this coun¬ enemies provide a tilities of European additions. arms the States. while Russia sent a naval mission negotiate the purchase of battleship parts. These indi¬ try for similar reasons, to for the fice of Europe do not suf¬ that the industrial resources cations programs arms far from heartening as to are general outlook. The naval race gained particular at¬ tention, for various reasons, last month. The German Gov¬ ernment notified Great Britain on Feb. 2 that its subma¬ the strength would be increased to parity with the British rine this action being possible under the exist¬ underseas fleet, The London additions would be made to its destroyer fleet. Germany launched on Feb. 14 its first 35,000-ton battleship constructed since the World War ended, and the British Government between the two countries. naval treaty ing Government countered with intimations that large launched 21 Feb. on constructed vessel, which similar a the first is British arms outlays England in 14 years. in White Paper on Feb. 22, which indi¬ for the five-year rearmament pro¬ gram will be increased to £800,000,000 from the original figure of £400,000,000. In the next fiscal year the British Government plans an arms expenditure of £580,000,000. When he defended this course before the House of Com¬ explained in were cated mons, that a borrowing Feb. 21, Prime Minister Neville Chamberlain de¬ on if continued at its present dizzy¬ bankruptcy to every country in Europe. Several suggestions were made for a German agreement to halt the arms race, but Berlin took no appar¬ clared that the arms race, speed, ing The actual nature that diplomatic incidents of February were not of nowadays is considered of crisis proportions. Oddly enough, the modest semblance of a "war scare" that developed in Europe took place as a consequence of reac¬ to an American incident. When President Roosevelt tions West on Feb. 18 for a cruise in the West sailed from Key Indies that his that scheduled to end early in March, he stated was might' be curtailed voyage owing to perturbing This statement, which was not borne out by subsequent events, aroused the greatest concern in Europe as to possible occurrences of which the public might not have been informed. There were, indeed, some highly reports from abroad. unfortunate his rumors current soon after Mr. Roosevelt made cryptic statement, and it is possible that he had such One unconfirmed rumor, and Italian troops in Northern Africa, where 80 casualties were said when he spoke. reports in mind for instance, told of unidentified an could vessels With ship far find Spain situation out trace no to respect national between French clash a Another listed resulted. have to was in "submarine" attack a the of any and Atlantic, such Northern clarified to a but on rescue Africa the inter¬ modest degree, but a Feb. 27 they would regard the insurgent regime of the British announced that General Franco and French Governments on the ruling regime as of Spain, and would send Ambassadors to Burgos while withdrawing ment the loyalist from sentatives ously a jnove Government. their repre¬ This was obvi¬ to prevent domination of the Franco Govern¬ by the Italian and German allies of the Spanish fas¬ General cists. Franco countered on the same day with a speech in which he said that he could never forget the aid extended move is by "friendly" nevertheless sure to It was countries. But the Anglo-French as a highly important one that remains exercise circulation that a Franco. enormous influence. Rumors were in British loan would be offered to General reported from Paris that Foreign Minister Georges Bonnet had informed the Chamber Foreign Affairs Commission on March 1 that Italy had been asked by General Franco to withdraw the "volunteers" who con¬ tributed so greatly to his victory. This was hotly denied by the controlled Italian press, and little was said on the point in Spanish circles. Italian territorial aims in the French and as a whole clearly in mind, Prime Minister Neville Chamberlain declared in the British Parliament on question ranean 6 Feb. elsewhere were the subject only territory of Tunisia of press discussion in threat to the "any that vital interests of France, it may come, must evoke the imme¬ from whatever quarter The French Foreign fol¬ day, when he declared that any impairment of Span¬ cooperation of this country." diate Minister, Georges Bonnet, took a definite stand on the lowing The Paris security. Africa regarded as a threat to French Government's views as to Northern be would integrity ish made were more even pointedly clear on Feb. 18, Italian garrison of Libya was being strengthened were followed by military reoccupation of a border strip between Libya and Tunisia that was ceded to Italy some years ago. Premier Edouard Daladier de¬ that indications when clared the Feb. 21 that "France never will give way either on tactics," and in this plainly had the full support of all Frenchmen. Rome-Berlin axis Powers attempted no demarche or threats of force or to blackmailing to view he very The coup. The mained European diplomatic situation in other respects re¬ inconclusive, with many indications available of conversations Fresh German Central European countries. place soon between the Governments. The Italian Foreign in conditions chaotic some Italian and take to are Count Galeazzo Ciano, journeyed to Poland late February for conversations on problems of mutual inter¬ Minister, in est, and when the talks ended on March 1 a statement was issued that "friendly collaboration" would result. Possibly significance were student riots in Poland against of greater Germany, the incident reaching such a stage that the Ger¬ attacked and the usual official apology considered necessary. In Hungary, also, resentment against the overweening power of the Reich was manifested. The anti-Semitism that Chancellor Hitler Warsaw in Embassy man was in Budapest, on Imredy resigned because he found a small trace of Jewish blood in his veins, although he himself sponsored legislation against the Jews. He was replaced by Count Paul Teleki, who renamed all members of the Cabinet. In Rumania plots and counter-plots were is had fostering Feb. ironic an Premier 15, when consequence Bela reported, also in obvious response to the pressure of the German Reich on the affairs of the Balkan countries. The belief ever was widely expressed that Chancellor Hit¬ more planned soon to extend the German influence into the Russian Ukraine, in accordance with the program mapped ler book, "Mein Kampf," which so far has proved a out in his reliable guide to Herr Hitler's intentions. Spanish Impasse February by the Spanish phases were presented in civil war, both international to its internal aspects and as to the many as repercussions of the conflict that started on July 18, 1936, and now is nearing its culmination. The struggle for Catalonia ended officially on Feb. 9 when the insurgent forces headed by General Francisco Franco com¬ pleted their investment of this rich industrial and agricul¬ tural area and drove the remnants of the defending loyalist Catalonia started on needed for con¬ quest of the area by the insurgent troops, who were aided mightily by the Italian "volunteers" and even more by the war supplies which the Italian and German Governments made available in almost unlimited quantities. Approxi¬ mately 200,000 loyalist troops and sympathizers made their way over the border into France, and that country en¬ deavored to solve the problem thus presented by repatriat¬ ing a good part of the refugee group into insurgent Spain. It appeared that the inadequate loyalist defense of Barce¬ The France. into army drive for Dec. 23, 1938, and only six weeks thus were lona and its territory surrounding was due largely to a sufficient commentary on the further course of the struggle, for the loyalists were de¬ pendent upon their own war material manufactures, almost lack of incident. good deal more needs to be done before the Mediterranean area can be ruled out as a war zone. Recognizing the in¬ evitable, rated by the further manifestations no Deputies and the students of Rome, such as inaugu¬ this, campaign late last year. With the Mediter¬ New notice. ent a bring must There were February. Italian munitions, which is a all of which were located in Catalonia. The situation strife within as is the head of the additionally were took by factional and many other high officials put to the same necessity. Governments clear President Manuel Azana, loyalist State, found it necessary to flee ranks. the border into France, over Feb. made the loyalist a realistic The British and French of the situation on view announcements were made that Franco was considered the ruling power in Spain. The Anglo-French recognition of Franco virtually put an end to the loyalist hopes, and President Azana resigned his presidency on Feb. 28, on the ground that the political machinery of the State had van¬ ished. It was announced in Madrid that Diego Martinez the 27, when regime Barrio, concerted headed by President of General the Cortes, automatically had suc¬ ceeded to the also was presidency of the Republic, but Senor Barrio was in France, and the effectiveness of the succession questioned. There remained the question of the Madrid-Valencia area, representing one-fourth of Spain, The indications at the end of February were that defense of this salient would be attempted by the hemmed-in loyalists there, but it is appar¬ ent that such desperate measures could only prolong the slaughter without hope of achievement. It was widely rewhich still rested in loyalist hands. March, 1939] that ported the MONTHLY BE VIEW loyalists complete against reprisals. Such sweeping assurances were avoided by the insurgent commander, who made it plain, however, that he would deal leniently with his opponents. Military opera¬ tions were almost completely suspended during the latter part of February, while such matters were being threshed out, and only occasional airplane raids by the insurgents were reported on Valencia, Alicante and other Mediter¬ surrender, ranean only an asked, the as of price General by assurance Franco ports in the hands of the loyalists. in relationships trade under is alarums may be taken less seriously than governments by the informed heads the threatening diplomatic situation imply. Great Britain and Germany appear to be especially concerned about an increase of mutual trade. The parlous position of the Reich now is admitted, might to seem of course, even by Chancellor Hitler, and the current efforts thus have great importance. Industries took the initiative tions with Federation The time some British of for conversa¬ ago their opposite numbers in the Reich. It was disclosed in London, late in February, that such talks will be aided by such British Cabinet Ministers as Oliver Stan¬ ley, President of the Board of Trade, and Robert S. Hudson, Parliamentary The ment. in March. Secretary British of the Overseas will mission proceed Trade Depart¬ Berlin early to the House of Com¬ In explaining these moves to Mr. Stanley remarked that Great Britain would mons, fer to avoid trade and desires wars able markets. Within Germany agreement that will an give both Great Britain and Germany pre¬ fair share of avail¬ a degree of optimism was a occasioned by the impending trade talks, for the Reich has become more than ever aware of its trade troubles since Chancellor Hitler admitted openly on Jan. 30 that Germany must "export or die." The January foreign trade figures expanded Germany showed a sharp drop even from the of level of last December, apparently as a consequence of the international aversion to German goods that followed poor the anti-Semitic The fresh of excesses indication the closing months of 1938. the importance placed upon the of Anglo-German trade conversations when Frank T. British for Ashton-Gwatkin, economic Office, arrived in Berlin Foreign ground officially Joachim March the in discussions. German the had Briton, and the disclosure member a for capital Ribbentrop von of supplied last Feb. 28 was Reich the It that adviser the announced was the made at the was the Foreign received Economics of prepare to Minister distinguished time that same Ministry had departed London to clarify certain questions connected impending visit the of authorities man coming the British appeared to conversations, Ministers attach it for Berlin. to great Ger¬ importance rumored was with the to Berlin in that German colonial ambitions and other political matters might figure on Feb. in the that 27 talks. the London In discussions merely would inaugurate with it announced was German authorities extended series of endeavors an to better British trade relations with Continental countries. After Mr. Hudson concludes his duties in go Russia to conduct also in for similar trade Germany he will and thereafter will negotiations, conversations in the Polish of the Scandinavian countries. some capital and This extension of the tour to be undertaken by the British Overseas Trade Minister doubtless will cerned, for efforts improve trade. was the A announced be welcomed in the countries con¬ being made in Eastern Europe to Russo-Polisli commercial agreement are new in the respective capitals on principle of the most-favored-nation clause. Feb. 26, Each on coun¬ try agreed to absorb larger imports from the other. German Refugees in the The German seems. gestions the Jews George Rublee, national London, of American of the Jewish faith. director of the Inter¬ on Feb. 13, authorities in the the desire the as Committee on and Refugees, presented persons a in report course of his Berlin conversations. This Sug¬ there, moved Feb. 14 on international an to place the problem in the hands to be formed for the pur¬ corporation, pose of facilitating the mass migration. This organization, which world Jewry presumably will be asked to sub¬ scribe, would be the counterpart of the trust fund operating to within the Reich. Surveys made by the committee suggest, that immigration bars will be lowered here and moreover, there throughout the world to a degree that should make possible the slow absorption of the emigres. The plan, unfortunately, leaves something lacking, for no provision has been made for "Aryan" malcontents victims and of Nazi persecution. Eastern Asia Only the most ominous interpretation can be placed upon recent reports of developments in that vast theatre of actual . and potential warfare which is The undeclared pacifically represented by Eastern Asia. being war waged by Japan Chinese Government and inclined the against people was continued along lines made familiar by the events of recent No relaxation was noted anywhere of the obvious years. Japanese intention to dominate all of China, and to further to on It is conquests. ultimate the press intention of the Tokio military and diplomatic authorities that now is occasioning the gravest misgivings among the most experL enced observers of Far Eastern affairs. to For all signs point concentration of Japanese troops a Siberian along the Manchukuoquite possibly foreshadows an at¬ border, which tempt during the coming spring to inces from Russia and cent occupation Nipponese militarists. Hainan of the Maritime Prov¬ sever add them to the great area already occupied by the insatiable well have may The re¬ convinced the glory-mad Japanese military advisers that they have little to fear from Occidental countries, since only ineffectual diplomatic protests were made by the British, French and United States well foreign policy, as Governments. desirable in appear That a war sive For attack an official of reasons the on domestic, as Soviet Union may Japanese opinion. against Russia tion in Tokio circles is is under active considera¬ now hardly to be doubted, for the exten¬ troop movements to the Siberian border have been veri¬ fied in various ways. The observations of foreign news correspondents in Shanghai and other ports have been aug¬ mented by Chinese assertions that Japanese gendarmes are being used in military operations in the Yangtze Valley. The inexperienced forces plainly are replacing the seasoned troops that are being sent to the Siberian frontier. In the Japanese Diet debates have been conducted for some time with view a down with to whipping up public sentiment for a show¬ Russia, and even the "China incident" has been portrayed as merely Union. Only with war such Russia, fisheries item in the conflict with the Soviet will Japan engage in a an due provocation on provocation the accordingbe can dispute, Japanese to manufactured the spokesmen, with ease but out of interminable military clashes along the extended frontier, the ideological differences, and other real artificial or dissensions. The essential possi¬ bility remains that the Japanese authorities may have de¬ cided against further delay in a conflict with Russia which all informed diplomatic and military experts have con¬ the question of attack prior of the among Hungarian Such contingency brings a consultation and agreement anti-Communist agreement, which its adherents Governments, the well as as German, Japan. up among Italian now and A concerted possibility. outlining proposals made by German provides not only for orderly emigration of Ger¬ refugees, but also for restoration of the right of said to are inside numbers anti-Semitism point with the money to be devoted to travel Germany and outfitting for emigration. The London Committee accepted these suggestions provisionally, costs the members Nazi this on said to have been made by the Reich authori¬ ties for the formation of a trust fund within the Reich by sidered inevitable for years. by German assurances are the official Those who either be vague and uncertain, but nevertheless encouraging. Some progress was made in February toward ameliora¬ tion of the harrowing humanitarian problem created the Reich leaders to expel all Reich, temporarily or permanently, to be given opportunities for a reasonable livelihood, it are of European discussion in various quarters, which suggests that the war of those left in the Reich, at least to some extent. remain and European Trade Plans Improvement 7 upon Soviet Russia is not outside the realms of The increasingly delicate financial position of the Japa¬ Government is among the reasons for assuming that nese program truly man the desperate measures may be under consideration in Japanese capital. Resources have been strained to the breaking point in the conquest of a great part of China, gainful employment for Jews who must perforce remain in the Reich while awaiting their turn to find homes in more and there have been hospitable and financial parts of world. the Representatives of 32 nations, who constitute the committee, promptly started to work out the details of difficulties Rublee made arrangement designed to ameliorate an thrust it clear the upon that he German considered Semitics. his task Mr. accom¬ plished and presented his resignation along with his report. His work will be continued by Sir Herbert Emerson, Leauge of Nations High Commissioner for Refugees. The vides period Reich for of the according emigration three established in dependent plan, to five new wives 150,000 wage earners pro¬ over a and when the pioneers are they are to be followed by their children to the number of about 250,000. No provision appears to have been made for a further 200,000 more aged Jews in Germany, but previous intimations were that the emigrants might take care of a getary corresponding benefits in the trade As one offshoot of the war activi¬ tremendous arsenal explosion was reported in March on 1, with casualties problem was again estimated made at 600. Osaka, The bud¬ clear the same day, for presented called for outlays of 8,964,000,000 yen during the next Japanese fiscal year, of which 6,079,000,000 yen presumably will be borrowed, since that sum estimates is available summaries, years, homes and of to ties no spheres. then not covered last by tax returns. amounted year to debt mounting to astronomical for imported stocks of gold war The Government 4,330,000,000 materials yen. Not flotations only is the figures, but the requirements steadily are exhausting the and foreign exchange. In this situation an increasing preoccupation with foreign military adventures may advisable to the Japanese military and political "As the situation stands today," said a Tokio of Feb. 26 to the North American Newspaper seem authorities. dispatch 8 MONTHLY REVIEW "Japan and Russia seem inevitably moving to a that will bring war, and that in the most Alliance, clashing point future." distant The Americas developments American eral effect United the of the diplomatic, affect that relations financial Latin States and trade 20 the republics took place in February, the gen¬ being that of modest clarification of a troubled a The aim of the Roosevelt Administration ad¬ atmosphere. mittedly is to increase the cultural and trade interchanges this country of credits Some are and its "Good Neighbor" to the South, and of one the contemplated means for this end. promptly developed to this program, on the basis of the many defaults on Latin American dollar bonds. Secretary of the Treasury Llenry Morgentliau Jr. opposition this phase of the problem 011 Feb. 13, and he then indicated that as Secretary of the Treasury he is not interested in private debts and defaults. For¬ questioned was on indications of Washington intentions given in this fashion by Mr. Mor¬ distinguished Brazilian Foreign Minister, pieasanter tunately, available than are The gentliau. Oswaldo invitation of President the 011 matters it its were Aranha, arrived in the United States at ary of mutual Toward the interest. be Feb. 011 9 Roosevelt, for conversations made apparent that was existing debts would reconsidered. of end the default Febru¬ by Brazil Francis 011 White, executive head of the Foreign Bondholders Protective Coun- cii, discussed this problem in Washington Inc., Little information the of course was directly made available conversations in extension of the lending powers of the Export- an Import Bank of Washington made plain the actual inten¬ tions. Aftqr much debate the power desired and it is possible that new impend. countries, our full to disclosure be achieved, Secretary stocks in Latin gold monetary Morgentliau at a redistribu¬ toward trade expansion. of the methods little criticism whereby was of the Latin American States records consideration to be made. financial if of Pend¬ such results that the be taken other peoples' the into money is It is perhaps in response to such demands that matters cussions between at long last have entered into the dis¬ officials of the United States and Brazil. the sacrifice enough, Plainly advance any Amer¬ expressed of But the view insistently was advanced project. credit that months ago, some means a as granted, was developments in trade relations recalled hint, swollen of ican are to as tion ing be will It far so to the Washington between Dr. Treasury, State and other But Administration efforts to obtain from departments. went as the officials of the and Congress several 011 Senhor Aranlia. occasions with Aranha of any important American financial interest in the Latin American area cannot prove helpful American interests in the same or any simple truth perhaps is being recog¬ among New Deal adherents. A realistic policy other to other area, nized even and this urgently required with regard to Latin America, but the difficulties in the way of such a policy were illustrated on is Feb. 18 by President Roosevelt, when he made much of the of the Americas toward democracy. conveniently forgot that almos all countries aspiration" "common Roosevelt Mr. south of the Rio Grande are ruled by dictators. Attempts were resumed in February for a settlement of problem occasioned by the expropriation by the Mexi¬ the Government, and other value of in British March of 1938, of American, foreign-owned oil properties having an estimated This question is one of the outstand¬ $450,000,000. ing difficulties in the way of a genuine "Good Neighbor" the Latin United States and countries, for it shows clearly that in some quar¬ relationship American the between operating exclusively for the benefit of Latin America and' against ters the policy is regarded as a one-way affair, the interests of United States nationals. Settlement of the agricultural land expropriation question failed to the oil tion advance difficulty, for the sum involved in the oil expropria¬ exceeds immensely within a the capacity of Mexico to pay reasonable time, and excludes altogether the usual requirements for "effective payment," on a basis of prompt compensation. In the closing days of February two repre¬ Mexico sentatives of the foreign oil companies proceeded to City for conversations reported with officials there on a plan for adjustment of the problem. Donald R. Richberg and Patrick J. Hurley, as the American representatives, were of understood to carry proposals for extension by Mexico 50-year rights of operation of the oil properties by the sizable cash payments to Diplomatic difficulties were foreign companies, in return for the Government. Mexican envisioned, however, owing to a further reported require¬ ment that Mexico embody the agreement in a formal treaty with the United States Government. This is an obviously precaution, in view of the high-handed tactics of President Lazaro Cardenas, but that very fact may make it troublesome for the Mexican Executive to agree to such advisable a plan, since it impugns the good faith of Mexico. Steel Trade—Non-Ferrous Metals L The rate rise during the month and evidences in the been time, in the price of steel scrap are the most concrete of the gradual improvement that is taking place steel industry. The "Iron Age" on Feb. 23 stated, Sheet and broadening of activity. a strip business suffers by reason of the lean buying in the automobile industry and the fairly large stocks carried over by good many a jobbers and consumers the from heavy shipments brought about by last fall's low-price coverages. The automobile manufacturers continue to gauge their pro¬ schedules duction actual to in orders cars are reflected quickly of March 4 of volume in Railroad assemblies. buying the publication said, in part: "While the business has not gained to a marked same steel new is still In its issue (during the week ended Feb. 28), some of the steel benefited from the release of specifications degree mills they are As major factors of current interest." of the one hand, and stocks of finished low, the expected rise in automobile sales will be buying steel in the same manner. have against orders 011 their books, particularly for construction steel, shipbuilding requirements and railroad material. The deliveries of steel, some of which is against low-priced contracts for sheets and strip placed last fall, but its new purchases are confined to fill:in lots. This policy of hand-to-mouth automobile industry still is taking fairly good be pursued until present inventories of steel parts near exhaustion, which may not buying may manufactured and be until the latter part Railroad purchases have of March. off rather sharply. Following a few weeks of dulness, fabricated structural steel contracts have dropped extreme a little, totaling about 19,500 tons for the week. projects out for bids total nearly 18,000 tons." The "Iron Age" composite price of steel scrap increased 011 Feb. 14 from $14.87% to $15.00 a gross ton, and on Feb. 21 gained New to $15.08 gross ton, a the highest level since October, 1937, for this index. The "Iron Age" and 8c. above the 1938 peak steel and pig iron were un¬ month under review, at 2.280c. a of finished composite prices changed throughout the and $20.61 pound a ton, respectively, compared with pig iron at the close gross 2.512c. for finished steel and $23.25 for of February, The 1938. Cleveland, in its summary of March 6 stated, in part, as "Average daily pig iron production in February "Steel" magazine the iron and steel follows: of markets, on 73,543 tons, compared with 70,448 tons in January and Except for November, was 46,655 tons in February of last year. 1938, this was the highest rate since October, 1937. Active blast furnaces 011 Feb. 28 numbered 121, a net gain of three The shorter month reduced total February for the month. production to 2,059,203 tons against 2,183,895 tons in Janu¬ and 1,306,333 ary February of 1938. in tons Output was largest for February since 1930, except for 1937, when the total was 3,020,006 tons. Domestic freight cars ordered the February of the current year totaled 2,259; awards the in this year two months first in the same The were 2,262, compared with 134 period in 1938." operating rate steel of companies having approxi¬ mately 96% of the steel capacity of the industry, according to the American Iron and Steel Institute, was scheduled at for the for week week beginning Feb. 27 as compared with preceding seven-day period; 54.8% for the Feb. at the 13; 53.4% for the beginning At the reported to be week and 52.8% for the week beginning Jan. 30. of 1938 of February close As the beginning Feb. 6, operations were of 29.3% of capacity. non-ferrous metals, "Metal and rate to Mineral Markets" reported during the month in substance as follows: Con¬ country is moving along at a be reflected in larger purchases of the sumption of copper in this rate that should doing little pending clarification of Copper producers maintained their price on the basis of 11.25c., Connecticut Valley. Domestic sales of copper for the month of February totaled 19,844 tons against 15,507 tons in January, 15,080 tous in Decem¬ ber, and 10,841 tons in November. Copper curtailment abroad to the 95% basis will cut output of the companies participating in the control plan by 4,000 or 5,000 tons monthly. Sales of lead were in satisfactory volume during the closing weeks of the month, amounting to 6,414 tons in the week ended Feb. 8; 3,000 tons in the week ended metal, the buyers but Feb. are situation. price 15; 8,937 tons in the week ended Feb. 22, and 10,834 the week ended March 1. The buying of lead was tons in virtually all important out¬ of lead was reduced 4.75c., New York. Inquiry forzinc was fair throughout the month, with quotations for that metal unchanged at 4.89c., New York. Sales of the common grades of zinc in the domestic market totaled 5,129 tons and shipments 3,944 tons for the week ended Feb. 4; sales 2,464 tons and shipments 4,284 tons for the following seven-day period; sales 1,491 tons and shipments 3,748 tons for the week ended Feb. 18, and sales 1,775 tons and ship¬ ments 3,700 tons for the week ended Feb. 25. Undelivered well diversified, coming Feb. 16 of from zinc from The domestic price lets for the metal. on orders in the steel ingot production being received by the mills are but the orders indicating numerous, 55.8% 53.7% Mexican Expropriations can "While the trend of steel buying in February has uniformly upward, several important products have registered gains over the January volume. Caution marks the buying policies of all steel users, as it has for part: some Several and in not 4.85c. to amounted on Feb. 25 to 27,897 tons. The plants is now at close to 60% of capacity. Inquiry for zinc was chiefly for May forward. Buying of tin was inactive, with prices moving within a narrow range, being quoted on Feb. 1 at 46.37MjC. rate of operations at galvanizing March, 1939] and in Feb. on month 28 at 46.00c., after touching a low for the Feb, 15. Actual consumption of tin of 45.12 %c. on this country is said to be slowly picking up, with tinplate mills now operating at about 55% of capacity against 45% at the close of January. production and 59% according reports to the National Lumber Manufacturers Associa¬ regional associations covering the operations of important hardwood and softwood mills. Production was about 64%, 54% of week the of ments about orders new corresponding holiday was 20% above, ship¬ orders 11% below the same week figures same 1929. for the Reported production 3% above, and 1938. of 66%, and shipments about For new production, shipments and new respectively, 22% greater, 2% greater and 12% less than in the corresponding week of last year. New business (hardwoods and softwoods) was 6% below pro¬ orders softwoods, were, duction ended and shipments Feb. 6% above output in the week were 1939. 25, production Reported for eight the weeks of the current year to date was 26%, 15% and 6%, respectively, above the corresponding figures for the same in 1938. period During the week ended Feb. 25, 1939, a total of 521 mills produced ITS,386,000 feet of softwoods and hardwoods com¬ bined; shipped 1S9,058,000 feet, and booked orders for 168,- 298,000 feet. Revised figures for the four preceding weeks follow: Production Shipments Orders Received (Feet (Feet) (Feet) 18. 1939 545 167,765.000 178,714,000 188.272,000 11. Feb. 166.146.000 Ended— 1939 Feb. 4. 1939 546 174.841.000 211,881,000 209,574,000 Jan. 28. 1939 549 181,210.000 204,176.000 200.394,000 183,846,000 184,696,000 Northern Pine, Northern Pine, Exchange and Hemlock the futures market third successive the mestic markets be to seems more guide to trends within as a month within moved prices for wheat in do¬ extremely narrow range, an with trading unusually quiet. In fact, the volume of trading in wheat futures in domestic markets during the month of February was said to be at the lowest level in over 10 years. After receding slightly in the early part of the month, prices hardened only to lose part of the gains during the latter part. The early easiness was largely the result of improved weather conditions in the winter wheat into belt, and the freezes and nate of threat world markets. Argentine the moving crop Later, weather conditions, with alter¬ thaws the in Southwest, caused more or less apprehension over winter wheat prospects, but con¬ ditions subsequently were reported to be more favorable owing to beneficial rains and snow covering over large The areas. of extent the damage be known for several months. of Argentine marketings from freezing The apprehension continued hover to not may effect over world over markets. Offerings from that country continued relatively light, considering the size of the crop, but port stocks con¬ tinued to increase, and it was felt that sales must expand Some grain which taken was becoming Italy were oped. It have to indicate effect that Earlier that in barter been the shipped the there season deals with unsold, of supplies pressure were Germany and being contemplated, greater assume is but nothing further devel¬ believed that one of the factors generally was will months said was to heavy. the to rumors which Western the Grains For was 543 Feb. Since contracts. the industry. soon. Number of Mills Week and certificat¬ closely geared to the securities markets than to spot hide of average 1929 shipments, from tion futures to look upon lumber industry during the holiday week ended Feb. 25, 1939, stood at 55% of the 1929 weekly average of to method consists of selling futures contracts ing an equal quantity of hides in warehouses with the privilege of delivering them to the holders of the maturing prices, this policy makes it difficult at present for tanners Lumber Movement The 9 MONTHLY REVIEW the importance for prospect in the coming reduction in the acreage a Southern Hardwood regions reported new orders above pro¬ planted to wheat throughout the world owing to the low duction price. ended Feb. in the week 25, 1939. These and South¬ Pine and California Redwood ern reported shipments above Southern Cypress, Northern Pine, Northern Hem¬ output. and lock Southern ported orders 1938. All Northern and above those regions of except Hardwood corresponding week of Southern Pine and Southern running are price if substantially above a year in certain leathers. Retail sales of footwear, however, have failed with to keep inventories channels. the sharp rise in production and believed to be accumulating in distributive pace are Some clue situation should this to be furnished by the timing of the usual closing-out sales of spring shoes; if retailers schedule their clearances earlier prospects for an early start of the fall "Manufacturers pected two three or being Manufacturers' contracts even advanced over materially took place in shift usual the prices white shoes to on re-orders the low figures quoted though many grades is are initial on of upper leather have the meantime. in than will be lessened. high-style footwear are ex¬ colored models for another usual the and advances no spring on weeks delayed. showing women's of continue to run The slump which hide prices after the year-end changed previ¬ expectations. ous "Sole leather business have increased and been has moved under competition of America in last the from a early quiet market. December of pressure substitute and New prices inventories and materials. Rubber reported by the Tanners' Council accounted for roughly 25% of all soles have to the since slow lower composition soles used continue in tanners six are months of 1938, a It of business in a decade, new high particularly in calf However, have and leather hesitated markets reach to out showing for raw weakness, material. tanners The hide skin markets accordingly declined late in January and leveled out at 10c. per pound for February take-off of both heavy native steers and light native cows. A decline is not out of line with while hide prices ties the tive. the usual seasonal expectations, and remain high in terms of other commodi¬ statistical position of hides is relatively The Buenos Aires conserva¬ market has held fairly firm, and been made by American traders and tanners who are attracted by the good quality of the current slaughter in that hemisphere. The domestic futures moderate purchases market has moved have in a narrow range. which States Government's 100,000,000 bushels export thus far. tains far as as reached. is The some uncer¬ policy have to While the there aspects, in advance an said that the grain ex¬ on of one Upwards been for sold to whether the as situation general are prices is concerned. trade has seldom been in con¬ unfavorable many Thus it is pessimistic so frame of mind as it has been during the past month. Usually there has been something to which to look forward, but in view of the burdensome supplies, there is little in sight at present to indicate a broadening in speculative in¬ a While terest. The firm. and rye more or less followed the trend corn in wheat, oats acted independently and ruled comparatively corn market continued to The aggressive demand. pressure suffer from a lack of of supplies was light ow¬ ing to the Government loan, but the slow demand, especially for export, disappointing. was closed option Feb. on 28 In Chicago the May wheat 68% c. as against an open¬ At Winnipeg the May wheat Feb. 28 as against an opening of at ing price of 68 %c. on Feb. 1. option closed 62%c. at at 62c. Feb. 1. on May of closed oats 28%c. with at 28%c. May compared as rye on on opening of 50%c. an opening of 45%c. an in Chicago closed corn with Feb. 1. on on May 48%c. compared on with closed at 45%c. an as Feb. 28 Feb. 1. opening compared Feb. 1. Sugar Hedge selling pressure caused in market for past no helpful no the proposed on news Subsequently, and prices result of an extension of the decline "futures" during the early part of the refined trade was apathetic, and with sugar The month. action from Cuban duty reduction, and with Washington, sentiment appeared support become to was lacking. less bearish, steadied. The better feeling was largely the Agricultural Adjustment Administration re¬ the port that in its opinion the "per capita" minimum, set up in the prices the Sugar Act, were not domestic did not prevent in excess of what industry as a a quota reduction was necessary whole. This news if to support was inter¬ preted to mean that the Administration was finally becom¬ ing concerned over the low price of sugar and ing to take steps to correct the situation. sugars Feb. sizable portion of their hides. believed are The question remains favorable some ket the 63c. Government will continue its program after the 100,000,000bushel goal consisted a caused The purchase of wheat for export has been significant development in hides has been the growing practice of some of the big packers to use the futures mar¬ disposing of that the chief sustaining influences in recent months. of raw A in 1, the approximately factor a the United was ports. and Recently, however, new orders have tapered off seasonally and prices of some staples have moved lower. the expected be Aug. compared with the present 80c., and that the as acreage. tainty record. patent leather. "With will after continued may also wras continued, Many tanners of qpper leather have experienced the largestvolume Canada lower minimum may influence producers to hold down their an effort to complete deliveries which already have delayed several weeks because of a temporary shortage been bushel per sharply acreage. discontinued b'e that policy. in ago indicated price, follows: factories later was would wheat minimum The First National Bank of Boston, in its "New England Letter," under date of Feb. 28, comments upon these mar¬ "Shoe it curtailed spring wheat announced that the minimum wheat price was Canadian on accomplished fact, an already acreage decrease in the a minimum Hides, Leather and Footwear as and the outlook for Although it States this is wheat winter Northern and Hardwood reported production above the 1938 week. kets United In the the and all except year, Hardwood Southern Hemlock. re¬ the Cypress reported shipments above last Northern regions with of were the decidedly light during following, all excluisve Feb. 21, first half March 27 late March the shipment at 1.90c. shipment at 1.95c. c. was prepar¬ Sales of Cuban of c. & f. month, and duty: & f., and On on The whole- 10 MONTHLY REVIEW sale list price for refined, immediate delivery, was quoted 28, when the range was changed at 4.20c. to 4.30c. until Feb. to 4.25c. to 4.40c. prices in the market for coffee "futures" toward lower levels during the past month. Support lacking owing to the pessimistic view of the trade was regards as immediate the Another roasters. outlook for moving coffee to discouraging factor was increased esti¬ mates of the 1939-40 Sao Paulo crop bags compared Producers Brazil in placing it at 16,000,000 figures of 12,500,000 bags. earlier with and producing" countries, "mild" the appeared to be more or less optimistic on the They refused to become alarmed over the apathy in consuming markets, and continued to hold back offerings in the hope of higher prices. No. 7 Santos was quoted on Feb. 28 at 7c., the same as on Jan. 31, against 6%c. Dec. 31; 7@7%c. Nov. 30, the same as on Oct. 31; 6%@7e. Sept. 30; 6*4@7%c. Aug. 31; 6*4@61/£c. July 30, the same as on June 30, May 31 and April 30, against 6%c. March 31; 8*4@9c. Feb. 28, and 7y4@7y2c. Jan. 31. No. 7 Rio was quoted on Feb. 28 at 5%c. against 5x/4c. Jan. 31, the same as on Dec. 31, against S^c. Nov. 30, the same as on Oct. 31 and Sept. 30; 5%c. Aug. 31; 4%c. however, future of prices. July 30, the same as on June 30 and May 31; 4%c. April 30; 514c. March 31, and 5^c. Feb. 28, the same as Jan. 31. Rubber Crude rubber, experienced decision of an The advances. determining factor International the a better feeling displayed York was 8.99c. Feb. 1. After Feb. 4, advance to 9.06c. an the price gradually reacted to a low of 8.89c. Feb. 21, but subsequently recovered to 9.07c. Feb. 28. Trading in the gray cloths markets early in the month was adversely influ¬ by the stagnation in raw cotton values, as well as enced the disappointing movement of finished goods. During the buying by substantial purchases for the account of second half of the period under review a flurry in initiated was Government relief agencies. This buying movement subse¬ quently assumed considerable proportions as reports multi¬ plied that mills will shortly embark on a program of exten¬ Print curtailment. sive 64x60's cloths quoted at 314c. was Fall at River 28-inch for throughout the month. The price of 27-inch 64x60's receded from 3%c. Jan. 31 to 3%e. Feb. 28, while Osnaburgs remained unchanged at 6% to The report of the Census Bureau, issued Feb. 14 and January, showed that cotton con¬ sumption in the United States was proceeding at an active 6^c. covering the month of The rate. consumed amount in January was given as 591,991 bales of lint and 65,054 bales of linters compared with 565,307 bales of lint and 65,676 bales of linters in December, 1938, and 433,258 bales of lint and 45,032 bales of early period of hesitation, strong revival in activities,, and prices scored a considerable following marked revival in the gray cloths market, and the by securities caused by the Supreme Court decisions on labor questions as well as slightly more reassuring news from abroad. Spot cotton here in New ners, Coffee The course of was developments, with their deterring effect on business in general. Date in the month sentiment improved materially, due to broadening demand by domestic and foreign spin¬ Rubber the was Regulation Commit¬ linters in January, 1938. woolen goods market was ruled by between-season buying of spring fabrics had been virtually completed, while no formal openings of fall goods have as The influences, as tee, released Feb. 14, to leave the rubber export quota for yet taken place. the second quarter unchanged at 50%, although an increase to 55% had been widely predicted. The decision resulted livery in it accelerated buying for the account able of tire factories, as expected that world consumption will exceed avail¬ was result that continued inroads in crude rubber stocks in consuming countries will be made. supplies, with the Following a mild technical reaction, chiefly as a result of realizing sales, prices again stiffened, influenced by a mod¬ erate rally advices in the forecasting security congressional of essential raw purchase markets, and action Washington the concerning) including rubber, materials, build up a reservoir of imported the armament industry. by to strategic supplies vital to Ribbed smoked sheets for spot delivery were quoted at 16%c. asked Feb. 28 against 15 13/16c. asked Jan. 31; 16%c. asked Dec. 31; 16%c. asked Nov. 30; 16%c. asked Oct. 31, the same as on Sept. 30; 16%c. asked Aug. 31; 16%e. asked July 30; 14%c. asked June 30; ll*4c. asked May 31; 10%c. asked 30; 10%c. asked 14%c. asked Jan. 31. April Feb. 28; March 30; 14%c. asked Reflecting the continued rather tight de¬ showed a firmer trend, notwith¬ standing reports of increased importations for foreign fab¬ situation, prices rics following the enactment of the ing, with interest continuing to center in the various classes of sports weaves. Japanese double extra 13-15 deniers were quoted Feb. 28 $1.95@$2.00 Jan. 31; $1.84@$1.89 $1.75@$1.80 Nov. 30; $1.81@$1.86 Oct. 31; $1.80@ $1.85 Sept. 30; $1.77@$1.82 Aug. 31; $1.79@$1.S4 July 30; $1.76@$1.S1 June 30; $1.56@$1.61 May 31; $1.62@$1.67 April 30; $1.55@$1.60 March 31; $1.65@$1.70 Feb. 28, and $1.65@$1.70 Jan. 31. In the case of the 20-22 deniers Japanese crack double extra were quoted at $2.25@$2.30 Feb. 28 against $1.96@ $2.01 Jan. 31; $1.79@$1.84 Dec. 31; $1.65@$1.70 Nov. 30; $1.73@$1.78 Oct. 31; $1.68@$1.73 Sept. 30; $1.67@$1.72 Aug. 31; $1.69@$1.74 July 30; $1.67@$1.72 June 30; $1.48@ $1.53 May 31; $1.57@$1.62 April 30; $1.48@$1.53 March 31; $1.59@$1.64 Feb. 28, and $1.48@$1.53 Jan. 31. $2.20@$2.25 against at Dec. 31; Textiles The textile trades were Petroleum and Its Products spotty, with adverse weather chief unfavorable weather While in part holding down the conditions volume of played sales, it Feature of the month in domestic con¬ ditions, ^continued foreign political uncertainties and some¬ what lagging industrial activities standing in the way of a seasonal improvement. Retail business continued its spotty trend. British trade agreement. Trading in women's wear fabrics made a satisfactory show¬ petroleum markets was barrel in the price of low gravity crudes in Kansas and Oklahoma, posted on Feb. 15 by the Sinclair Prairie Crude Oil Marketing Co. Under the price cut the the was ing new of from 4c. to 17c. a price schedule, which became effective the follow¬ day, the gravities from 33 degrees upward held un¬ partly due to the inadequacy of offered merchandise assort¬ changed at the level set in last October's general advance, ments that with 40 degrees and no better results obtained. were Urban sections fared relatively better than rural districts, with the Pacific making a particularly good showing, due to the opening of the San Francisco Exposition. Wholesale trade remained quiet, although towards the end of the period there were some indications that retail merchants Coast region are about to enter the market on a more comprehensive scale for the purpose of covering deferred requirements for the pre-Easter buying season. 'Price reductions on some fall the staple lines resulted in scattered increased buying on part of wholesale establishments. Raw cotton in February continued to lowing move within a narrow range. Fol¬ mild rally at the beginning of the month, a mod¬ developed, but at the end of the period prices again followed a slightly improved trend. The chief re¬ straining influence remained, the uncertainty over action a erate reaction The Grade of releases were of the loan provisions cotton and calling for for such releases permissive rather than mandatory. making Concern¬ ing the 1939-40 season, the bill provides for subsidy pay¬ ments up to 5c. a pound to growers who disposed of cotton in trade channels rather than through the Government loan. In view of the possible postponement of releases of loan cotton, and commercial the limited supply of cotton in domestic channels, the immediate effect of the introduc¬ tion of the bill was to cause moderate advances in nearby slight easing of distant deliveries, and a further widening in the price differential between American and months, a Indian cotton. ment were the Additional factors tending to depress senti¬ less satisfactory reports from the cotton goods market both here and abroad, the continued extremely poor showing of the export movement of United States cot¬ ton, and the recurrent uneasiness over foreign political Reduction Price Grade 78 9cents .63 15 cents 30 to 30.9.. .82 8 cent3 27 to 27.9 68 13 cents 31 to 31.9 .86 6 cents 28 to 28.9 .73 11 cents 32 to 32.9 90 4cent& Concrete ...17 cents action the 29 to 29.9. Mexican expropriation situation developed at month-end as Donald Richberg, former Na¬ tional Recovery Administration head and now acting as on counsel for the Standard Oil companies, admitted in Mex¬ City that there is "definite basis for discussion" on the ico situation. He qualified his statement, however, by adding that he expected "no swift and sudden solution of the con¬ troversy, which might drag out for some time." In addition to representing the Standard Oil group, Mr. Richberg also disclosed that he also will represent Royal will attracting most attention Reduction Price Dutch postponement barrel. 26 to 26.9 Feb. 14 of the revised Smith The feature of this bill a follows; as 25 to 25.9....58 by Congress concerning cotton crop legislation, which was only in part relieved by the introduction in the Senate on bill. above holding at $1.10 price schedule compared with the former listing new Shell in the He further said discussions. that he Patrick Hurley, who will be 011 the scene as representative of the Sinclair interests. Action taken by the major companies, it was indicated, would affect the dozen or more smaller companies embroiled in cooperate with the general picture. Reports an from Washington in mid-month indicated that arrangement had been tentatively arrived at between the seizure of some $500,properties and the Under the probable plan, it was disclosed, the Mexican Government will retain title to the properties but the companies will operate them as in the past on a long-term contract. Naturally, all possible sources of controversy during the life of the contract will be companies affected 000,000 of in last spring's American and Cardenas Administration. settled in The British advance. Institute for Judicial bulletin late in February in that the oil oil companies and Social Studies issued a Mexico City which announced whose properties had been expro- priated ih early 1938 owed "hundreds of pesos" to the The Government. can fines bulletin against pending are also companies the Mexi¬ that heavy reported "extracting Govern¬ lias been upheld placed at 6,000,000 barrels, while crude oil used for were fuel during March will total 950,000 barrels. The possibility that the March 15 State-wide oil prora¬ for petroleum from many zones without the necessary tion ment Austin by permit." many "it political a It must vengeance. demnizations Other incidentally, This claim, The bulletin pointed out that or a means of governmental be taken into consideration when in- Mexican courts. ^ no£ is and move, granted." month in the Mexican pending barter deal between the and Germany whereby Mexican payments are during developments picture was a report of a Cardenas Administration the for German airplanes. United States Ambassador Daniels, however, announced in Mexico be would oil City "swapped" Feb. 23 on from received definite he had that Government Mexican the this that deal assurance had been dropped. W. R. Davis, whose firm arranged the recent $17,000,000 barter deal between Mexico and the Reich, was the sponsor of the oil-for-airplane deal, it was indicated. The United States Circuit Court of Appeals, sitting in Chicago, out dismissing 11 defendants found guilty in authority in the denied a plea filed by Government Patrick Stone had acted with¬ 23 Feb. on that Federal Judge counsel Wis., Madison, involving trials oil of charges con¬ the Federal anti-trust statutes in "rigging" the Mid-West gasoline price structure. The 11 were included among the original 72 major oil units and violation in spiracy named executives of the original suit by the Government in A total of 26 of the defendants was 18 these, ants granted were Stone, while trials by Judge new Of defendants. 46 protesting these dismissals, counsel for that Judge Stone acted without .au¬ held the Government thority in granting directed verdicts to defendants already guilty by a jury. Judge Stone, in answering the contention advanced by the Government attornies, held that he had reserved the right to grant the dismissals, and had notified in advance as to his course of action. written opinion, and newly-appointed by total Feb. which expunge State "To court with agree entitled to the that petitioner the prosecution is trial after the issues have been tried in a a new by judge and jury after the Government had failed against defendants is a monstrous penalty to impose upon the defendants," Justice Kerner held. "The creation of such a right would come very close to violating to prove its case codified doctrine ancient the in accused shall not twice be put into for the Constitution jeopardy of life or missal court, which pointed out that of a ruling in favor of the defendant bars, the ruling completely is going beyond all upheld was by the "To say that mere postponement the Government a right based purely on bounds in giving a substance, there is no difference between a directed verdict of and acquittal a judgment of dismissal. It is only when the procedural change is fundamental and sub¬ stantial injustice occurs that one of the litigants should be In this case the Government, as well the defandants in a criminal case, had a thoroughly con¬ allowed to complain. as sidered ruling important legal question, which is an on several months. A State-wide mass oil operators was called by E. E. past California Executive Committee Los Angeles. Lack of a quorum of the Kansas Corporation Commission, which only has one member, prevented the Commission from establishing any March proration figure. Governor Payne H. Rattner is expected to fill out the Commission's membership within the immediate future. Purchasers have Pyles, ex¬ Emergency the of chairman charge of oil curtailment for March 9 at in of 156,629 barrels, filed nominations of Bureau Mines estimate of which compares with 150,300 barrels and the of 153,900 barrels. February allowable Inventories of domestic and foreign crude oil United States held in the irregular course during the ab¬ breviated second month of the year. Over the period from Jan. 18 to Feb. 28, however, the United States Bureau of Mines figures showed a rise of 142,000 barrels to 271,252,000 barrels, as compared with 271,110,000 barrels at the end pursued an 18 week. of the Jan. Senator Connally, Texas Democrat, introduced on Feb. 13 bill designed to make the "Hot Oil" bill, which prohibits the interstate movement of crude oil or refined products a State regulations, and which he measure. The present measure expires next June 30 unless it is extended or made permanent. Near the end of the month Representative Dies of in violation of permanent similar bill before the House of Representatives. The Phillips Petroleum Co. announced in Tulsa on Feb. 8 that it had advanced crude oil prices in the Texas Pan¬ handle by 8c. a barrel to meet the price schedule established by the Humble Oil & Refining Co. in its advance of last October. In the general price upswing which developed late 1938, Phillips's posted price fell below that estab¬ in lished differential. the out and the current advances merely wipes by Humble, Praise for the work of mission voiced was the Interstate Oil Compact Com¬ Chairman, late in by E. O. Thompson, when announcement was made that he had been Texas's reappointed representative Commission. the on Reiterating his belief that the States, not the Federal Gov-/ should control the production ernment;, it that is the oil and marketing of "The greatest accomplishment of the compact oil, he said: successfully has Federal prevented control of If it had done nothing else, the compact industry. could charge in procedural form. "In the of the month, right of Judge Stone to reserve until after the jury a ruling on the Globe defendants' petition for dis¬ verdict for hearing that limb offense." same The our at vailed a guarantee con¬ crude oil allowable for the 600,000 barrels, the same figure which has pre¬ introduced against double jeopardy. Oil Producers of California Committee Central The Texas verdict, barrels, tinued the March daily average a Stone's Judge 1,801,404 was of 1,318,457 barrels daily average with the week-end shut-downs. sponsored, Kerner 20 Feb. of as reduced to an originally constitutional defendants' the violate would would which allowable was was Commission, late in produced Major, held that to grant the Government's petition for a mandamus, produce, to the of The court's Justice Otto its well each that able the Govern¬ by Justices Evans A. Evans and J. Earl in concurred grant The be Chairman held ment would which production, advanced by Lon Smith, the month. At the 15 meeting a determined group of operators complained the present methods were unfair and discriminatory. might jury of tradesmen a Qlobe Oil & Refining Co. and 10 defend¬ In outright. dismissed during the remaining the convicted dismissed the he while of the three-month trial farmers and proration Texas Railroad Commission in adoption of a new basis for the in result would the by hearing held marginal allowance and prorate the remainder of the esti¬ mated market demand out of the excess oil that the well the in mid-1938. course 11 MONTHLY REVIEW March, 1939] have been week after this his second accomplishments." Within a Roosevelt, son of the President and director of the Texas State radio network, issued the oil industry of proud Elliott statement, warning within the past few months to its evils correct to or face Government control. The United States holds approximately 50% of the total world oil reserves of 31,000,000,000 barrels, while total pro¬ approximately 38,000,000,000 duction at the end of 1938 was clusively within the province of the court. to direct a verdict and the power to render barrels, V. judgment of dismissal are clearly incidental to, and neces¬ Service power R. Garfias and R. V. Whetsel, of the Cities Co., "The sarily flow from, the judicial function of estimated in a report delivered before the American Institute of Mining and Metallurgical Engineers, legal sufficiency of the evidence. meeting in New York City in convention. power sumption a determining the The court has inherent to invoke these procedural aids in its effort to ad¬ minister criminal was demand as Twice the in excess the of forecast by the estimated oil pro¬ February market United States Bureau of Mines. during the second month of 1939 did this develop, when Texas went back on a six-day production first week temporarily and the second during the final week of the month. Daily average production for the week ended Feb. 25 (latest available report at month-end.—Ed.) was 3,328,850 barrels, which represented a gain of more than 80,000 barrels over the 3,248,250-barrel daily average during the comparable week in January. An increase of approximately 4% in domestic crude oil market demand during March to a daily average of 3,340,000 barrels was forecast in the regular monthly ket demand forecast of the United States Bureau of released in Washington 120,000 barrels lifted the over total demand for to late in February. The mar¬ Mines, gain of the February market demand forecast a figure domestic crude slightly in excess of actual during the corresponding 1938 month, the forecast pointed out. con¬ rels, the reserves "theoretically" should suffice for the next justice." For the first time in months daily average crude duction Since world of petroleum during 1938 was 2,000,000,000 bar¬ March crude oil exports 15 years. The industry petroleum again 1938 in daddy" to the Nation's tax collectors, mittee. the on played "sugar the basis of fig¬ compiled by the American Petroleum Industries Com¬ ures During 1938, the preliminary figures gathered by committee indicated, petroleum taxes accounted for $1,277,680,972, or slightly better than 10% of the estimated $12,200,000,000 in taxes collected from all sources. This is the second consecutive year in which petroleum taxes ran better than $1,250,000,000. Representative price changes follow: Feb. 8—Phillips Panhandle district established by Feb. Petroleum 8c. a Co. barrel, advanced crude oil prices in the Texas putting its postings into line with those Humble Oil & Refining Co. last October. 15—The Sinclair Prairie Crude Oil Marketing Co. cut the price of low-grade gravity from 4c. to 17c. a barrel in Kansas and Oklahoma fields, effective Feb. Most 16. important development in the refined products division of the crude oil markets was the strengthening in the refiners' prices for tank-car lots of regular grade gaso- 12 line of MONTHLY EEYIEW 4.375c. from From field. the year-end prices gallon, lowest in years, prices moved up in advances, with the March 1 figure standing at a %c. two mid-continent the in 4.125c. to 5c. gallon. a Standard Oil Co. of New York on Feb. 10 posted general a gallon in tank-car prices of gasoline throughout its entire New York and New England market¬ reduction ing of %c. a Standard of New Jersey of 10c. a barrel in postings of light effective immediately. area, Feb. 11 posted a cut on marine Diesel fuel oil at all North Atlantic and Gulf Coast Standard of Louisiana, its Southern subsidiary, cut ports. Orleans prices 10c. to $1.45. prices developed in late Baton Rouge and New Seasonal weakening of fuel oil being cut by Standard Oil Co. of New York. Other price developments in gasoline and the fuel oil markets which developed during the month were local in nature and are covered in the representative price with tank-wagon and tank-car prices February, throughout its New England area changes which follow below. Stocks of finished and unfinished total rels 84,597,000 barrels and tions Feb. 25 against 77,279,000 bar¬ on winter usual the combined demand in lag to above what gasoline statisticians force stocks to levels far figure climbed The sustained high rate of refinery opera¬ Jan. 21. on gasoline rising some 7,400,000 barrels to February, sharply during safe working levels at this time of the year. domestic demand for gasoline during March was are Total placed at 42,950,000 barrels by the United States Bureau of Mines, which represented an increase of 4% over the demand for the like month last year. March motor fuel based exports, from reports on exporters, put were at showing the trend of the Representative price changes, principal refined product markets during February follow: 10c. initiated Feb. Feb. fuel five cuts boroughs of 15—Standard l/10c. 2c. up a 2 fuel oil tank-car prices of gasoline York reduced New No. cut heating oil 2 The Manhattan. %c. cut company a Feb. 17—Major Scranton from the retail diminution the Middle the in West, for these demand the obligations in and primarily in the Chicago district, wliere tliey are used for reducing tax liabilities on personal property tax assessment dates. The prices of Treasury notes and bonds continued to advance in February, with the rise becoming sharp after Secretary Morgenthau announced that the Treasury would not raise any new money on the March tax date. The Bank of New York showed of the Federal Reserve indexes that at the end of of bonds February the average yield on Treasury than 12 years to maturity or call date an more to five-year maturity fell to 2.39% for the former and Treasury notes of three- on level lowest the record on at 0.57% for the latter. These figures compared with 2.45% and 0.62%, respectively, at the end of January. United States tinued be to bonds, savings so-called the baby bonds, substantial volume in February, and so con¬ taken in were important an of raising cash for the means February sales amounted to $68,340,413 as against $141,773,628 in January, the largest for any month since the bonds were first offered in March, 1935. of New advanced York raised companies 11.9c. to 13.5c. Westchester the tank the price price from 13.9c. to 15.5c. Feb. 7 Bank System offered within time short following a heavy over¬ debentures will mature in 1, 6 and 8^ months. An issue of $18,200,000 fell due on Feb. i5, leaving $172,575,000 of the debentures outstanding. Secretary Morgenthau announced on Feb. 15 that market a Dated subscription. Feb. 15, the in prices a slight premium over par value, and the books a closed Government securities for Treasury accounts $1,648,000, January compared with resulted in net net purchases of invest¬ purchases of $6,469,750 in December, 2 /1/^c. to dealers to in gallon. per at Credit 1% consolidated debentures on ment price of No. car gasoline of of $18,050,000 of issue transactions in gallon, and the dealers in turn advanced a The Federal Intermediate area. gallon, tank-car lots. a In thus 15. June on 5%c. gallon to gallon at Boston to 4c., and cut kerosene prices there a due period of negative interest on the new issues of Treas¬ bills came to an end with that dated Jan. 18, owing ury to were gasoline moved prices of gallon. a Feb. oil the price-war ended. as of 14—Socony-Vacuum the 4y2c. Diesel throughout its New York and New England marketing gallon 6c. Oil 10—Standard Feb. oil marine light in Brooklyn. 5%c. to The new 9—Standard Oil of New York reduced retail prices of No. Feb. %c. a-gallon to the met service-station general advance a falling maturity the Treasury is acting in conformity with its practice for the last few quarter dates. Whether the Treasury would raise any new money between the March and June tax dates would de¬ pend, the Secretary said, on the March tax receipts. Mr. Morgenthau sold by competitive bidding in February four issues of Treasury bills, each aggregating $100,000,000, to replace weekly maturities of corresponding amounts. These issues were taken at rates ranging from 0.002% to 0.005% as against 0.007% on the last issue of January. reduced light marine Diesel fuel oil by Standard of New Jersey. 8—Philadelphia gallon in %c. a Petroleum 7—Mexican Feb. in of New Jersey 6—Standard Oil barrel at all North Atlantic and Gulf Coast ports. a notes Treasury. 4,000,000 barrels. Feb. of 2y8% 714,200 anticipating by three months a The bulletin, Treasury's for released publication ord for peace-time, compared with $4,223,000,000 in previous year and $4,447,000,000 two years previously. THE FEBRUARY FINANCING OF UNITED STATES TREASURY on Feb. 27, showed that expenditures in the first seven months of the fiscal year totaled $5,197,000,000, the largest on rec¬ the Re¬ amounted to $3,235,000,000, representing a decline $276,000,000 in the year. The deficit for the period totaled $1,250,000,000 as against $1,962,000,000 in the preced¬ ing year and $712,000,000 two years ago. The gross debt outstanding as of Jan. 31 was $39,631,000,000, an increase ceipts of Government creasingly Administration debt, was financing, which agency important role seeks in hold to the back playing an market as is capital the rise in the were two such agency One was issued direct the sole medium through which Washington proached the market for new money in February. offered in¬ the the for of as issues figuring in the month's United States subscription Feb. $114,140,000. 1. Housing Jan. 25, on The amount These notes, known Authority which news. notes, allotted Series B and cording to the Treasury announcement of Feb. 1. The second issue Reconstruction of the Corporation Dated They Corporation, offered by Henry Morgenthau Jr. 6 at lOO1^ and Feb. on Feb. 1942. 15, 1939, the notes are on 15, Jan. are exempt from all taxation and tance gift taxes). (except surtaxes, estate, inheri¬ Subscription books were Treasury bills sold on a discount basis 1939 are Amount of Bills Dated Jan. 26 1939 Feb. Mature 1939 May 81939 May 1 2 1939 Feb. Feb. 71939 Feb. 15 1939 May 16 1939 Feb. 23 1939 Feb. 23 1939 Mar. May May Feb. 1 1939 3 10 17 24 31 Subscrip¬ Offering Bills Offered tions 91 days $100,000,000 $302,689,000 91 days 100,000,000 302,135,000 1939 1939 1939 1939 1939 91 days 90 days 100,000,000 100,000,000 91 days 100,000,000 Secretary behalf of the accrued interest. to mature year given in the following table: closed 263,368,000 321,469,000 301,524,000 To Redeem on fully and unconditionally guaranteed both principal and interest by the United States and are to as Finance Treasury $309,000,000 of %% notes of the was $2,179,000,000 in the year. For the full fiscal of $3,972,000,000 was forecast. deficit The details of Feb. they did subscriptions aggregating $2,774,480,000, ac¬ as a was bear¬ ing a 1%% coupon, were oversubscribed 28 times, bringing in of formally were actually as ap¬ There Bills Subscrip¬ Amount Average Offered tions Accepted Price Yield $100,587,000 101,287,000 100,378,000 100,782,000 99.999 0.002% Jan. 26 1939 8302,689,000 Feb. 2 1939 302,135,000 Feb. 71939 263,368,000 Feb. 16 1939 Feb. 23 1939 321,469,000 301,524.000 on 101,953.000 NEW SECURITY ISSUES Maturing 99.999 1 0.004% 99.999 0.005% 99.999 0.004% 99.999 0.004% Issue of— $100,241,000 100,729,000 100,544,000 100,323,000 100.304,000 IN FEBRUARY the issue, the third to be offered by the Treasury as fiscal agent for the Corporation, on Feb. 6 at the close of busi¬ The issue had ness. one feature of particular interest to the market, in that it was offered fractionally above par. By offering the notes at made what be may a a slight premium, the Treasury departure from its old significant practice of allowing the market to claim all of the spread between parity and the quoted value. The Treasury lias for nearly six years made it a practice^ as a means insuring the success of its offerings, of underpricing Subscribers have issues. come to count on of new this immediate amounting usually from l1^ to 2 points, on every issue, and this expectation has contributed importantly profit, new to the The wave note offering did not bring in quite the tidal of oversubscriptions that the United States Housing Authority issue two weeks previously did. ures on the Morgenthau had RFC on offering, Feb. amounted to 14, as made showed public that The final fig¬ by Secretary total subscriptions $2,567,037,000, of which $310,090,000 was allotted. On Feb. 27 Secretary Morgenthau disclosed that the Treasury would not raise any new money on March 15 but would confine its financing to refunding of the $1,293,- showing was reflected in the total volume of new emissions placed in the domestic market in February in con¬ trast to the poor showing made in the previous month. However, security issues for new capital purposes continued small and again fell below the level reached in most months of the offered Of particular interest during February, standpoint of the aggregate amount of securities past year. from the and in the number of houses participating in the underwriting, was the flotation of the North American Co., totaling $104,829,000, and representing one of the largest single financial operations in recent years. Below we give the larger offerings in February: RAILROAD bidding up of prices. RFC A better FINANCING $12,000,000 Cincinnati Union Terminal Co.—An issue of $12,000,000 1st mtge. 3%% bonds, series E, dated Feb. 1, 1939 and due Feb. 1, 1969, was offered Feb. 15 at 107.38%, to yield approxi¬ mately 3% to maturity, by a syndicate headed by Lehman Brothers and including Bancamerica-Blair Corp.. Eastman, Dillon & Co., A. G. Becker & Co., Inc., Hallgarten & Co., Bear, Stearns & Co., Merrill, Lynch & Co., Inc., G. M-P. Murphy & Co., Francis I. Du Pont & Co., Stern Brothers & Co. and Charles Clark & Co. The bonds are unconditionally guaranteed by endorsement as to principal, interest and sinking \ fund payments, jointly and severally, by the Baltimore & Ohio RR., Cincinnati New Orleans & Texas Pacific Ry., Cleveland Cincinnati Chicago & St. Louis Ry., Louisville & Nashville RR., Norfolk & Western Ry., Pennsylvania RR. and Chesapeake & Ohio Ry. March, 1939] PUBLIC UTILITY 2,150,000 Kansas Ciy, Mo., bonds issued for various FINANCING man, $105,000,000 for the company reached the market Feb. 1 with the offering of $70,000,000 of debentures and $34,829,000 of preferred stock by a nation-wide underwriting group of 127 members headed by Dillon, Read & Co. The offering consisted of $20,000,000 3M% debentures, series due 1949, priced at 101 M %; $25,000,000 3M % debentures, series due 1954, priced at 101%: $25,000,000 4% debentures, series due 1959, priced at 101 M % i and 696,580 shares ($50 par) preferred stock, 5M % series, priced at $52 per share, in each case plus accrued interest dividends from American Feb. 1. Preferred 1,810,000 Minneapolis, Minn., public relief and work relief bonds, due annually from 1940 to 1949 incl., awarded to Phelps, Fenn & Co., Inc., New York, and associates as 2s at 100.15, a basis of about 1.97%. ,Reoffered to yield from 0.40% to 2.05%, according to maturity. of North stockholders , Edison Co., subscribed for approximately 69% of preferred stock. The Edison's preferred stockholders were afforded a prior opportunity until 3 p. m. on Feb. 2 to purchase the new preferred from the underwriters at the public offering price. 4,500,000 Central Maine Power Co.—Public offering by means of a 1,500,000 Hartford, Conn., 1M% school and public works bonds sold the 696,580 shares of to optional March 15, 1944, purchased by Shields & Co. of New York and associates as 1.90s at a price of 100.02, a basis of about 1.895%. Reoffered at 1.70% to the first call date. Co. bonds listed below: $130,000 150,000 55,000 40,000 260,000 500,000 50,000 50,000 160,000 1st 4s - Louisa Water Co., 1st 4Ms * Mars Hill & Blaine Water Co., 1st 4MsMaryland Water Works Co., 1st 4Ms._ * Mystic Valley Water Co., 1st 4s L * Norway Water Co., 1st 4s_ Penobscot County Water Co., 1st 4s_ Presque Isle Water Co., 1st 4Ms Riverton Consolidated Water Co., 1st 4s 1,092,090 Hoboken, 1945 * Skowhegan Water Co., 1st 4s * Old Colony Trust Co., trustee. to be used to pay off indebtedness Proceeds to the parent company. 1,278,000 Pennsylvania Telephone Corp.—Bonbright & Co., Inc.: Paine, Webber & Co., and Mitchum Tully & Co. offered Feb. 8. 24,000 shares of $2.50 preferred stock share plus accrued div. from Jan. 1. general refunding bonds, due from by B. J. Van Ingen & Co., Inc., 4% 1,000,000 Brazos River Conservation and Reclamation District, Texas, water system bonds, due from 1940 to 1955 incl., purchased by a group headed by Phelps, Fenn & Co., Inc., New York, as 2Ms, 2Ms, and 3s at par, a net interest cost of 2.86%. Reoffered to yield from about 1% to 2.96%, (no par) The J., 1,073,000 Monroe County, Mich., road assessment district highway refunding bonds, bearing interest at rates ranging from 1% to 2M% and due yearly from 1940 to 1950 incl., awarded to Watling, Lerchen & Co. of Detroit and associates at a price of 100.13, a net interest cost of about 2.03%. 1,026,000 Michigan (State of) various issues of road assessment district highway refunding bonds sold to bear varying rates of interest to investment banking firms in Michigan and Ohio. 316,000 80,000 425,000 116,000 275,000 West Penn Water Co., 1st 4Ms N. 1956 incl., taken to New York, to be exchanged at par with holders of the original debt. * ... price of 100.90 to yield over 1,340,000 Rochester, N. Y., general revenue bonds, due from 1940 to 1943 incl., sold to Phelps, Fenn & Co., Inc., New York, and associates as 0.75s at 100.05, a basis of about 0.74%. Re¬ offered to yield from 0.20% to 0.85%, according to maturity. 250,000 40.000 * a 1,450,000 South Dakota (State of) rural credit refunding bonds, series A of 1939, awarded to a group managed by the Wells-Dickey Co. of Minneapolis as 2Ms and 3s at par, a net interest cost of 2.895%. Due March 15, 1949. In the reoffering the 3s were priced at 102 and the 2Ms at 100.50. placed privately with the John Hancock Mutual Life Insurance Gettysburg Water Co., 1st 4s * Guilford Water Co., 1st 4Ms * Hampton Water Works Co., 1st 4Ms Latrobe Water Col (Pa.), 1st 4s an 1,500,000 Montana (State of) highway debentures due March 15, 1949, of $4,500,000 1st & gen. mtge. bonds, series J, 3)4 %, due 1968, was made Feb. 24 at 102 plus accrued interest, by the First Boston Corp. and Coffin & Burr, Inc. 2,897,000 Northeastern Water & Electric Corp.—The following all subsidiaries of the Northeastern Water & Electric Corp. 1st 4s Ellwood Consolidated Water Co., headed account by Estabrook & Co. of New York at 100.276, a basis of about 1.46%. Due from 1940 to 1954 incl., and reoffered from a yield of 0.20% to a price of 99. prospectus City Water Co., at $53.25 a issue has been oversubscribed. according to INDUSTRIAL AND MISCELLANEOUS $14,000,000 Cleveland Cliffs Iron Co.—Company FINANCING callable Feb. 20 completed arrangements for refunding $13,230,000 of presently outstand¬ ing first mortgage 4Ms. by the sale of $11,500,000 1st mtge. & coll. trust 3M% bonds maturing Feb. 1, 1951, at par and ac¬ crued int., and $2,500,000 of one to five-year serials bearing interest at 1M% to 2M%, and maturing in equal annual instalments through Feb. 1, 1944. The first mortgage issue was placed with five insurance com¬ panies, namely, the Equitable Life Assurance Society of the United States, the Mutual Life Insurance Co. of New York, coupon rate and date 30 days' notice. on 1,000,000 West Virginia of maturity. (State of) road bonds, due Bonds are June 1 from 1939 to 1963 incl., sold to Lazard Freres & Co. of New York on New York Life Insurance Co., Sun Life Assurance Co. of Canada and Massachusetts Mutual Life Insurance Co. The including purposes, refunding, were purchased by a syndicate managed by HarriRipley & Co., Inc., New York, to bear interest at rates ranging from 1% to 2M%, at. a price of 100.05, a net interest cost of 2.60%. Bonds mature serially from 1940 to 1975 incl., and were reoffered to yield from 0.40% to 2.77%, according to maturity and coupon rate. $104,829,000 North American Co.—Financing aggregating approximately or 13 MONTHLY REVIEW on and associates as lMs and 2s at 100.03, a net cost of about Reoffered to yield from 0.15% to 2%, according to / 1.93%. maturity. DIVIDEND CHANGES IN FEBRUARY Dividend declarations in February were largely of a favor¬ able nature. The following list, divided into two sections, serial notes namely, "Favorable Changes" and "Unfavorable Changes," gives the more important of the changes: panies for the company. Abbott were placed with three commercial banks. Lehman Brothers, who headed the syndicate which offered the 4Ms in December, 1935, negotiated the sale to the insurance com¬ 10,000,000 American Can Co.—The company has sold to the First Na¬ tional Bank, New York, an issue of $10,000,000 2M % 10-year debentures, according to a report filed with the Securities and Exchange Commission. The bonds are dated Feb. 1, 1939, and mature Feb. 1, 1949. No public reoffering of the issue Will 1^0 1113(10 i& Paper Corp.—Of the 210,455 shares of new capital stock, priced at $9.50 per share and offered to stockholders and employees by the corporation. 160,105 shares were sold to stockholders and 30.203 shares to employees; the balance of 20,147 shares was taken by an underwriting group headed by E. H. Rollins & Sons, Inc., and Blyth & Co., Inc. 6,599,323 Union Bag no par Additional financing for the corporation consisted of two issues of $2,300,000 each, sold to the Metro¬ politan Life Insurance Co. and the Prudential Insurance Co. of America. The loans made by the two insurance companies mature over a 12-year period: the first maturity occurs Jan. 1, 1941, in the amount of $150,000. long-term new note 2,287,500 General Shoe Corp.—Smith Barney & Co. headed a list of underwriters who offered on Feb. 16, 150,000 additional shares of common stock (par $1) at $15.25 a share. Other under¬ writers of the offering included Kidder Peabody & Co., Lee Higginson Corp., Noyes & Co. 1,500,000 (R. H.) Wm. White Filene's payable in 20 by Hayden, Co., Sons years, mortgage on Boston. Interest a Stone & Boston—The Co., and company, Hemphill, subsidiary of Co., has executed a note for $1,500,000, to Prudential Insurance Co. and secured certain of R. H. White Co., in on the note is 4% for the first 10 years. 4M% for the next 5 years and 4M% for last 5 years. The terms call for payment of $2,500 per month on the principal. Proceeds of this financing was used to meet the payment March 1 of $1,400,000 mortgage held by the Bostoii Five Cent Savings Bank. 1,200.000 Howard Aircraft property Corp.—Public offering by means of a prospectus of 400,000 shares of common stock at $3 a share made Feb. 6 by Pistell, Wright & Co., Ltd., New Yrork. was 550,000 Campbell Transportation Co.—S. K. Cunningham & Co., Inc., Pittsburgh and Charles A. Hinsch & Co., Inc., Cinciiuinnati, offered $550,000 serial 4% equipment trust cer¬ tificates, due Jan. 1, 1940 to 1951, incl., at prices ranging from 96% and divs. to 103%, and divs., according to maturity, or at an average price of 99.7418%. FAVORABLE , Akron Brass stock, MUNICIPAL FINANCING , Mfg. Co., Inc.—Dividend of 20c. payable last and 15c. Allied the on Feb. 28. This compares with Sept. 30 and Aug. 1 last. Products Corp. on (Mich.)—Interim dividend of 12Mc. a share on stock payable April 1. A distribution of 50c. a share was Dec. 24 last, being the first declared by the Michigan corporation. Anheuser-Busch, Inc.—Dividend from 30c. a share to 50c. Basic Dolomite, Inc.—Dividend share to a on the $20 par common stock increased share, payable March 10. a 12Mc. on the common stock increased from 10c. share, payable March 15. a Belden Mfg. Co.—Dividend reserved on the $10 par common stock by the a share, payable Feb. 20. This represents the first paid since May 16, 1938, when a like amount was distributed. declaration of 5 cents to be Beneficial Industrial Loan Corp.—Initial dividend of 70c. a share on the prior preference stock, $2.50 dividend series of 1938, payable March 31. Dividend the on common share, payable also Canada Iron on stock increased from 40c. a share 45c. to a March 31. Foundries, Ltd.—Dividend preferred stock increased from $1.50 a on the 6% share to $2.50 non-cumulative a share, payable April 30. Cariboo Gold Quartz Mining Co., Ltd.—Extra dividend of 1 cent a share and a quarterly dividend of 4 cents a share on the common stock, both payable April a share were Previously regular quarterly dividends of 2M 1. distributed. from 10c. Central a share to cents | Carpenter Steel Co.—Dividend 15c. a the $5 par, common stock increased share, payable March 20. on Surety & Insurance Co.—Dividend stock increased from 75c. a share to 80c. Chicago Corp.—Dividend of 75c. a on the $20 par, common share, payable Feb. 15. share on account of accumulations on the preference stock, payable March 1. Dividends of 50c. a share were paid Dec. 1, Sept. 1 and June 1, 1938. a Chicago Flexible Shaft Co.—Extra dividend of 25c. terly a share and a quar¬ dividend of $1.25 a share on the common stock, both payable 31. Previously regular quarterly dividends of $1 a share were March distributed. Christiana Securities Co.—Dividends of $23.50 a share on the common stock, payable March 15. This compares with $27.50 paid on Dec. 15, last, and $13.50 on Sept. 15, last. Chrysler Corp.—Dividends of $1 a share on the common stock, payable This compares with $1.25 paid on Dec. 12, last; 25c. on Sept. 14, last, and 50c. County, Pa., bonds for various new capital pur¬ awarded to Halsey, Stuart & Co., Inc., New York and associates as 2Ms at 102.18, a basis of about 2.06%'! They are due serially from 1940 to 1969 incl., and were reoffered to yield from 0.30% to 2.20%, according to maturity. poses were a share on the common 22Mc. paid on Dec. 20 common made March 14. $6,000,000 Allegheny CHANGES Laboratories—Extra dividend of 10c. a share in addition to a regular quarterly dividend of 40c. a share on the common stock, both payable March 31. on June 14, last. Cluett, Peabody & Co., Inc.—Interim dividend of 25c. no par, common a share on the stock, payable March 25. , 4,025,000 Baltimore, fro n Md., 1M% emergency relief bonds, due yearly 1941 to 1945 incl., sold to the Bankers Trust Co. of New York and the Northern Trust Co. of Chicago, in joint account a price of 100.279, a basis of about l.C6%. Reoffered to yield from 0.45% to 1.20%, according to maturity. at 3,290,000 Seattle, Wash., funding bonds purchased by an of the Bancamerica-Blair Corp., New York, as 4Ms at 100.11, a basis of about 4.22%. Due serially from 1941 to 1959 incl.; optional March 1, 1944. Reoffered to yield from 2.50% to 4%, depending on date of emergency account under the manage-nent maturity. 2,500,000 Rhode Island (State of) fixed charges and general bonds awarded to purpose a group headed by the First National Bank 2Ms and lMs at 100.01, a net interest cost of about 1.639%. The first maturing $475,000 bonds, due in 1945 and 1946, bear 2M% interest, and the balance of the offering bears interest at 1M%. Reoffered from a yield of 1.30% to a price of 97.50, according to maturity. of New York as 2,300,000 Chicago, 111., water works certificates of indebtedness, com¬ prising $1,600,000 2Ms due in 1958 and 1959, and $700,000 3s due in 1954, were sold to Phelps, Fenn & Co., Inc., New York, and associates at an interest cost to the city of about 2.60%. Bankers reoffered the 2Ms at a price of 103.25, to yield 2.54%, and the 3s at 106, to yield 2.52%. Continental Casualty Co.—Stock dividend of one share of $5 par, com¬ mon stock for each seven shares held, payable as soon as possible after Feb. 15. Continental Steel Corp.—Dividend of 25c. a share on the common stock, payable April 1. A distribution of $1 a share was paid on Dec. 15, last and represented the first common dividend paid by the company during 1938. De Long Hook & Eye Co.—Extra dividend of $2 16 on the common stock. a share payable March A regular quarterly of $1.25 a share previously declared will be paid on April 1. Dewey & Almy Chemical Co.—Initial dividend of $1.25 a share on the new $5 cumulative convertible preferred stock, payable March 15. Dr. Pepper Co.—Dividend on the common stock of no par value increased from 25c. a share to 30c. a share, payable March 1. First Reinsurance Co. of Hartford—Initial dividend of 30c. the common stock payable March a share on 1. (Geo. A.) Fuller Co.—Initial dividend of $3 a share on the $3 convertible preferred stock, payable March 1. Dividends on this class of stock are payable only if earned. General Acceptance Corp.—Extra dividend of 5c. a share and a regular quarterly of 15c. a share on the class A and common stocks, both payable March 15. (A. C.) Gilbert Co.—Two quarterly dividends of 87Mc. a share (a total of $1.75 a share) on the $3.50 preferred stock, payable March i0. This will represent the first payment since April 1, 1938, when a regular quarterly of 87Mc. a share was distributed. MONTHLY REVIEW 14 Great Northern Paper Co.—Dividend on the $25 par, common creased from 25c. a share to 50c. a share, payable March 1. stock in¬ Hart & Cooley Co.—Dividend on the $25 par, common $1.50 a share to $1 a share, payable Aprif l. stock reduced from Hecla Mining Co.—Dividend of 10c. a share on the common stock, par 25c., payable March 15. This compares with 15c. a share paid on Dec. 28, last; 5c. on Sept. 15, and 10c. on March 15, 1938. Hathaway Mfg, Co.—Dividend of 50c. a share on the common stock, payable March 1. A regular quarterly of $2 a share was paid on Dec. 1, Hoskins Mfg. Co.—Dividend of 20c. a share on the $2.50 par, common stock, payable March 27. This compares with 15c. paid on Dec. 23, Johns-Manville Corp.—Dividend ordinarily due at this time on the no par, common shares omitted. One of 50c. a share was paid on Dec. 23, lastf and 10c. on Sept. 26, last. Breweries Association, Inc.—Dividend on the $10 par, Lansing Co.—Dividend on the common stock reduced from 25c. a share to Hyde Park increased stock March 24. common $1 from share a $1.50 to a payable share, Keystone Steel & Wire Co.—Dividend on the no par common stock in¬ creased from 10c. a share to 20c. a share, payable April 15. Lamaque Gold Mines, Ltd.—Extra dividend of 5c. a share and a regular quarterly dividend of 10c. a share on the common stock, both payable April 1. Lane-Wells Co.—Dividend 20c. on the $1 share to 25c. a share, payable a par, March 15. Lehigh Power Securities Corp.—Dividend increased from 23c. share to 30c. a stock increased from common a on the no par, common stock share, payable March 1. Lionel Corp.—An additional dividend of 30c. a share was declared on the stock, payable Feb. 28. Jan. 3, last. One of 20c. common share was distributed on a Mines, Ltd.—Extra dividend of 2He. quarterly dividend of 5c. payable March 15. a share on share and a regular the $1 par, common stock, both a a common stock, payable March 10, the first since 50c. a share was paid. Monarch Machine Tool Co.—Dividend on the common stock increased from 30c. a share to 35c. a share on the common stock, payable March 1. Monsanto Chemical Co.—Initial dividend of $2.09 preferred class B shares, payable June 1. share a the $4.50 on March 24. • Corp.—Dividend a on the common stock increased from 20c. share, payable March 10. Muskegon Piston Ring Co.-—Dividend of 35c. stock, payable March share a on the common 31. National Brush Co.—Dividend of 10c. a share on the common stock, par $5, payable March 10. This will be the first dividend paid on the above issue since Dec. 21, 1937, when a regular quarterly of 12Hc. a share distributed. was National Life share and & Accident Insurance regular quarterly of 30c. payable March 1. a a Co.—Extra dividend of 20c. a share on the common stock, both National Standard Co.—Dividend on the common stock increased from 25c. a share to 37He. a share, payable April 1. Newmarket Manufacturing Co.—Dividend on the no par capital stock increased from 50c. a share to 75c. a share, payable Feb. 15. New York Transit Co.—Dividend on the $5 par capital stock increased share, payable April 15. North American Bond Trust Certificates—Dividend of $45 a share on the certificates of interest, payable March 15. A distribution of $18.60 was paid on Sept. 15 last and one of $19.30 on March 15, 1938. from 10c. a share to 15c. a North American Co.—Initial dividend of $0.4791667 a share on the 5%% preferred stock of $50 par, payable on April 1. The distribution is for the two months period ending March 31, 1939. Ohio Confection Co.—Dividends of 50c. a share on the class A stock, payable March 15, next. Oneida, Ltd.—Dividend 12Hc. Pacific and a the $12.50 par, common stock increased from share to 18%c. a share, payable March 15. on Indemnity Co.—Special dividend of 15 a regular quarterly of 40c. April 1. share a on share, an extra the $10 par common c. a of 10c. stock, all payable Peoples Gas & Fuel Corp.—Initial dividend of 20c. mon a share on the com¬ stock, payable March 1. Phelps Dodge Corp.—Dividend of 25c. a share on the $25 par, capital stock, payable March 10. This compares with 55c. paid on Dec. 9, last; 20c. on Sept. 9; 15c. on June 10, and 10c. on March 10, 1938. Potash Co. of America—Initial dividend of 25c. stock, payable April share a the capital on 1. Powdrell & Alexander, Inc.—Dividend of 10c. a share on the common stock payable March 15. This will be the first dividend to be paid since Sept. 15, 1937, when 20c. a share was distributed. Storkline Furniture Corp.—Extra dividend of 12He. a share and a regular quarterly dividend of like amount on the common stock, par $10, both payable Feb. 28. Strouss-Hirshberg Co.—Dividend share, payable March 15. Dec. 15. last. Texamerica the $3 on the $5 par, common stock, of 25c. a This compares with 15c. a share distributed on Oil Corp.—Dividend of 8 l-3c. a share was paid Feb. 1 on stock and compares with 7 Hc. a share distributed previously. common Thermoid cum. share Union Co.—Dividend of 40c. a share on account of accruals on the preferred stock, payable March 15. This will be the first paid 15, 1937, when a regular quarterly distribution of 75c. a Dec. since was made. Carbide & creased from 40c. Carbon a Corp.—Dividend on the common stock in¬ share to 50c. a share, payable April 1. Missouri—Initial dividend of $1.25 a share on the $5 preferred stock, payable Feb. 15. United-Carr Fastener Corp.—Dividend on the no par common stock increased from 10c. a share to 20c. a share, payable March 15. Electric Co* of UTJed Printers & Publishers, Inc.—Dividend of $1.50 a share on the $2 participating cum. preferred stock, payable Feb. 25. This payment clears up all accruals on the preferred issue. A dividend of 10c. a share was also declared on the common stock, payable Feb. 25. Universal Products Co., Inc.—Dividend of 40c. a share on the no par, common stock, payable March 31. Distributions of 45c. a share were made on Dec. 21, last, and 25c. on Sept. 30, last. Wellington Fund, Inc.—Dividend on the $1 par, common stock increased from 15c. a share to 20c. a share, payable March 31. Willson Products, Inc.—Dividend of 15c. a share on the $1 par, common stock, payable March 10. Sept. 10, last. This compares with 10c. paid on Dec. 10 and UNFAVORABLE Bohn Aluminum & Brass CHANGES Corp.—Dividend on the common creased from 50e. a share to 25c. a share, payable April 1. Brunswick-Balke-Collender Co.—Dividend of 25c. a share mon stock, payable March 15. Dividends of 50c. were and Oct. 5 last. Canadian Pacific Ry. Co.—Dividend ordinarily due on paid stock the on de¬ com¬ Dec. 20 at this time on the £1 par 4% non-cum. pref. stock omitted. Products Corp.—Dividend on the common stock reduced from $1.50 a share to $1 a share, payable Feb. 23. Clark Equipment Co.—No action taken on the payment of a dividend at Cosco this on time on the common stock. One of 25c. a share was distributed Dec. 15 last. Deisel-Wemmer-Gilbert Corp.—Dividend of 25c. a share on the $10 par common stock, payable March 25. This compares with 50c. paid on Dec. 24 last and 35c. on Sept. 24 last. Electric Controller & Mfg. Co.—Dividend on the no par common stock decreased from 75c. a share to 50c. a share, payable April 1. Ely & Walker Dry Goods Co.—Dividend on the common stock decreased from 25c. a share to 12He. a share, payable March 1. Erie & Kalamazoo RR.—Dividend of $1.37H a share on the capital stock, par $50, payable Feb. 1. A distribution of $2.50 was paid on Aug. 1 last and one of $1.50 on Feb. 1, 1938. Fajardo Sugar Co.—Dividend on the $20 par, common stock reduced from $1 a share to 50c. a share, payable March 1. payable March 1. Dividends of $1.50 were paid on Dec. 1, Sept. 1, and June 1, last. Noranda Mines, Ltd.—Dividend on the no par common stock decreased from $2 a share to $1 a share, payable March 15. Richardson Co.—Dividends of 30c. a share on the no par common stock, , payable March 14. Sept. 12, last. , . On Dec. 13. last $1 a share was paid and 50c. on Scoville Mfg. Co.—Dividend on the common stock reduced from 25c. a share to 15c. a share, payable April 1. Siscoe Gold Mines, Ltd.—Dividend on the $1 par capital stock reduced from 4c a share to 3c. a share, payable March 15. Sloss-Sheffield Steel & Iron Co.—Dividend on the common stock re¬ duced from $1 a share to 50c. a share, Spencer Kellogg & Sons, payable March 21. Inc.—Dividend on the common stock de¬ creased from 30c. a share to 20c. a share, payable March 10. of A regular Union Twist Drill Co.—No action taken with respect to the payment dividend this time at on the company's common stock. quarterly dividend of 25c. a share was paid on Dec. 27, last. , Waltham Watch Co.—Based on tentative results for 1938. directors of the the company voted that it would not be feasible to pay dividends on any of the company's stock issues for 1939. COURSE OF THE STOCK PRICES DURING FEBRUARY 1939 dull and its movements were confined to a narrow range. In spite of the fact that business was doing no more than marking time and failing to show the increase in activity that February commonly brings in an upward phase of the business cycle, stock prices were able to edge forward by a small amount, and as the month closed prices were at virtually their best levels on the move¬ The stock market in (Philip) Morris & Co., Ltd.—Extra dividend of $2 a share and a regular quarterly dividend of 75c. a share on the common stock, both payable share to 40c. stock, payable March 20. A distribution of 75c. was made on Jan. 26, 1938, and one of $1 a share was paid on Jan. 26, 1937. Midvale Co.—Dividend of 75c. a share on the capital stock, payable April 1.' This compares with $2.50 paid on Dec. 17, last, and $1 on Oct. 1, last. Ludlow Mfg. Associates—Dividend of $1.25 a share on the common stock a share on the Dec. 10, 1937, when a 123^c. a share, payable Feb. 15. Mandell Brothers, Inc.—Dividend of 45c. a share on the common , Michigan Steel Tube Products Co.—Dividend of 15c. Motor Wheel last. ... Louisville Gas & Electric Co. (Del.)—Dividend resumed on the class B stock by the declaration of 37He. a share, payable March 25. Dividend on the above issue was omitted the last quarter and previously regular quarterly dividends of like amount were paid. Macassa last. February was ment. In a sense share prices might considerations, on the the modest improvement in be said to stem from technical market hand, and from some slight betterment in the invest¬ atmosphere, on the other. It will be recalled that the market in January experienced its worst break since the preceding March, and some rebound from the depths then plumbed was only to be expected. Furthermore, the failure of a new crisis to develop in Europe lent some slight assurance to investors and speculators. Of perhaps even greater signif¬ icance to the market were the few signs that the Administra¬ tion, disturbed over the halt in the upward trend of business activity, was making fresh advances of appeasement to the business community. As for the stock market's performance, the index of 50 stocks compiled by the New York "Times" showed a rise of 2.77 points, compared with a recession of 7.77 points, in January. The upward trend was temporarily interrupted in the second week of the month, and on Feb. 20 a fairly sharp break was encountered; but the market quickly straightened away again after these lapses, and in the last week the most spirited advance of the month was staged. The index closed at 103.51 as against the month's high of 104.12, attained on the last day of the month. The strongest groups of the list were the store stocks, the steels, utilities, rails and motors, one ment in that order. But, while prices were firm, trading interest, as gauged by volume of dealings, was at a low ebb. Turnover amounted to only 13,873,323 shares, the smallest volume for any month since September, 1934, and the smallest volume for any February since 1921. This total compared with 25,182,350 shares in January and with 14,526,094 shares a year ago and with 50,248,010 shares two years ago. On only two days did sh^re transactions equal or exceed the 1,000,000 share mark and on one full five-hour trading session—Feb. 14—turnover amounted to only 418,390 shares. The same degree of dullne s was observable in the bond department of the New York Stock Exchange, where trans¬ actions came to only $118,993,000 par value, a new low since February, 1918. Activity in the capital market increased over the January figures, but few bonds of issues alrbady outstanding changed hands. Turnover in United States government securities, on both the Stock Exchange and the over-the-counter market, was relatively small except on the last day of the month after the Treasury's announcement that no new money would be raised on March 15. February ordinarily sees manufacturing activity clearly on the rise as business prepares for the spring demands, but this year the improvement fell short of seasonal expectations as it did in January. While there was no important slowing down in activity, the business indexes, where seasonally ad¬ justed, showed a moderate decline. Steel production aver¬ aged somewhat better than in January, though a marked rise is to be expected. Car loadings did not show their usual advance over the January totals, and automobile assemblies tapered off toward the end of the month. In the field of domestic and international affairs, however, there were certain developments of an encouraging nature. reasserted something of its dependence by slashing the appropriation for work relief and relief sought by the White House and by rejecting on Feb. 6 the nomination of a Federal judge by the President. On the other, the Administration made certain conciliatory advances, to business. On Feb. 5 it was disclosed that the TVA had settled its long-drawn out controversy with Com¬ monwealth & Southern Corp. for purchase of the electric On the old one hand the Congress March, 1939] MONTHLY REVIEW properties of Tennessee Electric Power Co. on a basis which proved unexpectedly favorable to the utility. Then on Feb. 17, President Roosevelt, while en route to Key West, de¬ 15 Feb. 1 Range Railroad, and Industrial Price for February, Closing Lowest and heavier taxes in mind and that Alleghany Corp coll triwt 5s_1944 planning for further programs for power development. Secretary of the Treasury Henry Morgenthau Jr. reaffirmed on Feb. 23 the statement that the Atch Top & S Fe gen 4s___..1995 Bost & Maine 1st 5s ser A-C.1967 1992 1204 tax burden would not be increased. Chic Milw St P & Pac 5s A.. 1975 C C C & St L 44s series E.._ 1977 564 554 Feb. Columbia Gas & El 5s. May 1952 994 994 Feb. clared that he had the Administration perhaps, Des at no new was Most important of all, the speech by Secretary of Commerce Hopkins was Moines Feb. on in 24 emphasis shifted from reform which said: he the "With to recovery, this Administration is now determined to promote that recovery with all the vigor and power at its command. It is clear to me that a returning increase in production cannot be accomplished without a substantial increase in private investment." While the markets were not disposed to take these advances as a sign that the Administration had completely changed its tactics, the moves were at least negatively favorable. ... As to the fluctuations in individual Steel at was 28 at Feb. its lowest Feb. stocks, United States 10 at 57% 64%, "with the close and at its highest Steel, preferred, was at its lowest Feb. 2 at 115 and at its highest Feb. 28 at 117%, with the close on the latter day the American Tel. & same. 159% Feb. 28, with the Tel, from 152% Feb. 1 to rose Feb. close 28 at 158%. General Electric moved up from 38% close Feb. 28 Feb. 1 to 42 Feb. 25, with the Allied Chemical & Dye was at its 41%. at lowest Feb. 4 at 171 and at its highest Feb. 17 at 176, with the close Feb. 28 at 174%. Westinghouse Elec. & Mfg. moved up 28 Feb. at from 105 Feb. 1 to 113% Feb. 6, with the close 112%. Consolidated Edison Co. of N. Y. rose from 31 Feb. 1 to In the 34% Feb. 6, with the close Feb. 28 at 34. list, New York Central was at its lowest railroad 9 at 17% Feb. close on 19 Feb. 20 to 23%. Feb. latter day at 20. Delaware & Hudson rose 23% Feb. 28, with the close Feb. 28 at Union Pacific moved 28, with the close Pacific from 93% Feb. 2 to 103% the latter day at 102%. from 6 Feb. 15 to 7 Feb. rose 28, with the close Feb. 28 at 6%. Chesapeake & Ohio moved up from 33% Feb. 7 to 37% Feb. 28, with the close on Feb. 28 at 37%. Southern Ry. was at its lowest Feb. 10 at 17% and at its highest Feb. 28 at 21%, with the close strength of bond prices in February was even more outstanding than that of stocks and with the exception of four days of the month, the "New York Times" combined bond averages on all other days reflect an upward trend for the period. The average price of the highest grade corporate obligations rose to the highest level on record and the issues of slightly lower grade extended their rise to new high ground since September, 1937. Rail bonds were well to the fore in this movement, followed by the utilities. In the following table we show, as usual, the fluctutations for the month in the different issues of United States Gov¬ ernment obligations and a considerable number, likewise of domestic corporate and foreign government bond prices: Feb. 1 Government Bonds Range During February, 1939 First Treasury 4 Lowest Highest 1947-1952 — - 119.3 1944-1954 Treasury 4s> 114.28 114.18 Feb. 115 .5 Feb. 105 .4 P'eb. 1940-1943 Treasury 3^8--.. Sale Feb. 113.23 Feb, 104.29 Feb. 114 105" 119.3 -1946-1956 Treasury 3Hs Feo. 28 Last Sale - 1941-1943 Treasury 3a/8s. ..1943-1947 Treasury 3&s Treasury 3Me. 106.21 ..1943-1945 Feb. 119 .20 Feb. 119.20 115.5 105.4" 106.20 Feb. 110.2" 106.21 Feb. 110 .9 Feb. 110.9 Feb. 107 .4 P'eb. 109.30 Feb. 110.2 106 .23 Feb. 110 1071 1941 110 .5 Feb. 110~.4~ Treasury 3 '4's 1944 -1946 110.4 110.2 110 .13 P'eb. 110.13 Treasury 33-gs. Treasury 3>$s 1946-1949 109.22 109.20 Feb. 110 .9 110.9 1949-1952 109.16 109.16 P'eb. 109 ,28 Feb. Treasury 3s 1946-194S 109.1 109 14 P'eb. Feb. Feb. P'eb. 1951-1955 107.22 107.22 Feb. 108 16 Feb. Treasury 2%s. 1955-1960 104.31 104.28 Feb. 105 .22 Feb. 105.20 108 .3 108.3 Treasury 2%$, .1945-1947 Treasury 23/4s 107.14 Feb. 108.16 P'eb. ...1948-1951 108.2" 106.1 Feb. 106 .31 P'eb. Treasury 2?i8-^ 1951-1954 104.20 104.20 Feb. 105 .14 Feb. 106.28 105.11 Treasury 2^s Treasury 28^s 1956-1959 103.25 103.25 Feb. 104 .14 Feb. 104.14 1958-1963 103.10 103.8 Feb. 103 .19 Feb. Treasury 2 % s........ 1960-1965 103.10 103.9 Feb. 104 .2 p'eb. Treasury 2^8. Treasury 2,t$s 106.18 Feb. 108 .31 Feb. 105.15 105.15 Feb. 105 .29 P'eb. 105.29 103 102.29 Feb. 103 .21 P'eb. 103.19 103.2 102.31 Peb. 103 .24 P'eb. 103.24 102.14 P'eb. 102 .29 P'eb. 108 ..1945 .......1948 1949-1953 Treasury 2 Treasury 2q s 1950-1952 Treasury 2s 1947 104". 2" 102.19 Federal Farm Mtge. Corp.— 3!^s 1944-1964 107.14 Feb. 107.7 107.5 1942-1947 .- 2% s 107.14 1944-1949 3s 106.1 15 Feb. 107.15 Feb. 23 108 Feb. 4 106.25 Feb. 25 Feb. 6 105.20 P'eb. 27 107.6 Feb. 4 107.21 Feb. 28 107.21 102.9 P'eb. 1 102.20 Feb. 15 102.19 7 104.19 P'eb. 24 Loan Corp.— 3s series A_ .1944-1952 2?£s series B._ 1939-1949 2bis series G. 1942-1944 107.7 102.11 ..... U04.ll Feb. Feb: 1 Foreign Bonds Range for 1971 864 854 Feb. Australia 5s of 1955 994 1054 1054 Feb. 1925 Belgium (Kingdom) 6)is 1949 Brisbane 1957 5s Canada (Dominion) 5s (Republic) 5s Denmark 6s 1939 Feb. 28 Closing Lowest Argentine external 4 lis (City) February, Opening Price Cuba Feb. 105.5 ...1942-1947 Home Owners' 1952 99 P'eb. 934 P'eb. 1104 ..1944 1104 Feb. 100 Feb. Highest 86 4 Price Feb. 1 1004 Peb. 18 1074 Feb. 28 97 Feb. 15 1114 Feb. 6 1004 P'eb. 28 1004 1074 96 24 103" 102 4 Feb. 103 4 Feb. 1945 1064 1064 Feb. 107 Feb. 1064 1064 Feb. 1084 Feb. 28 1949 224 214 Feb. 254 Feb. 28 1954 784 774 P'eb. 85 New South Wales (State) 5s. 1957 974 974 Feb. i963 1004 1004 Feb. Queensland (State) ext 7s.._1941 1024 1024 Peb. 1104 8 .1941 Finland P'rench ..1942 6s 7i2s stamped- German (Rep) 7s stamped. _. Japanese Govt 64s Norway 4s Rome (City) 28 82 274 Feb. 814 Feb. 1204 Feb. - 94 84 Feb. Feb. 25 57 Feb. 28 1094 Feb. 27 P'eb. 28 Feb. 28 Feb. 24 344 874 1234 104 P'eb. 28 594 Feb. 28 P'eb. 6 102 81 564 109 344 874 123 104 59 1014 114 80 Feb. 124 Feb. 28 834 Feb. 28 83 111 Cent St L & N O 5s...... 1963 564 54 Feb. 58 28 57 Internat Paper 5s ser A & B.1947 98 974 P'eb. P'eb. 15 99 Kan City Sou ref & 664 65 Feb. 664 Feb. 28 14 114 Feb. 144 Feb. 1 664 124 49 504 Feb. 3 494 784 Feb. 28 774 554 1054 Mo Kan Tex cum impt 5s..1950 adj 5s 1967 Morris & Essex 5s New York Central 104 Feb. 1955 34s Feb. 774 Feb. Feb. 1946 784 N Y C & St L 44s series C..1978 New York Steam 34s 1963 514 514 Feb. 554 P'eb. 28 1024 1024 Feb. 1054 Feb. 28 Northern Pacific 4s ...1997 Pennsylvania RR deb 44s..1970 Conv deb 34s 1952 S'western Bell Telep 3s Warner Bros Pictures 6s Western Maryland Month of 1S68 OF 824 Feb. 86 Feb. 6 794 Feb. 834 P'eb. 28 834 1044 Feb. 1054 Feb. 1 1054 984 Feb. 24 984 28 844 1054 Feb. 924 Feb, 804 804 P'eb. ON THE 1939 February— 83 81 824 80 BUSINESS Stock sales—No. of shares__ Bond sales (par value)— 17 124 814 .1939 1st 4s... 1952 VOLUME CURB 1938 834 Feb. 854 Feb. 854 EXCHANGE 1936 1937 2,718,510 15,344,284 20,712,570 $44,929,000 Domestic 2,974,615 $21,976,000 $39,614,000 1,241,000 1,544,000 $97,939,000 Foreign government 306,000 554,000 Foreign corporate 287,000 603,000 $45,522,000 $23,133,000 Total bond sales 1,756,000 1,152,000 $42,399,000 $100,847,000 Jan. 1 to Feb. 28— Stock sales—No. of shares.. 7,331,860 6,893,289 $86,097,000 $47,827,000 Foreign government 726,000 1,092,000 Foreign corporate 719,000 1,224,000 34,873,631 40,490,150 Bond sales (par value)— Domestic external 64s. .1952 Sydney 64s . 1955 63 4 574 Feb. 99 99 Fob. Feb. 1034 1084 254 14 79 994 Feb. 16 1014 Feb. 28 101 994 1044 Feb. 24 644 Feb. 1004 Fob Total bond sales VOLUME ... OF $87,542,000 BUSINESS ON Month of February— $95,968,000 $224,286,000 4,124,000 2,228,000 2,981,000 3,539,000 $50,143,000 $102,488,000 $230,638,000 THE STOCK 1938 1939 Stock sales—No. of shares._ 13,873,323 Bond sales (par value)— Railroad and miscellaneous $96,722,000 State, munic. & foreign United States Govt.. Total bond sales EXCHANGE Jan. l! o 6 fi 60" 100 17,400,000 4,871,000 14,256,094 1936 1937 50,248,010 60,884,392 $96,374,000 $229,157,000 $317,277,000 31,447,000 20,205,000 36,655,000 11,014,000 19,647,000 21,857,000 $118,993,000 $127,593,000 $285,459,000 $370,581,000 Feb. 28— 39,055,673 38,678,025 108,919,426 128,086,137 Bond sales (par value)— Railroad & miscellaneous. $228,212,000 $225,355,000 $496,725,000 $721,808,000 State, munic. & foreign United States Govt Total bond sales 37,940,000 12,452,000 40,781,000 27,367,000 86,136,000 45,285,000 69,935,000 54,975,000 $278,604,000 $293,503,000 $628,146,000 $846,718,000 THE MONEY MARKET DURING FEBRUAR Y No change in the easy state of the money market occurred during the past month, although excess member bank reserves during the three weeks from Jan. 25 to Feb. 15, fell from $3,600,000,000 to approximately $3,170,000,000. The decline in reserves, while in a minor degree due to slightly increased currency demands reflecting in part recurrent European hoarding of United States banknotes, was prim¬ arily the result of Treasury operations, such as the receipt of the proceeds of several large issues by Government agencies, as well as the collection of social security, railroad retirement and unemployment taxes. With the recurrence of excess Treasury disbursements over receipts, member excess reserves increased to the $3,380,000,000 level, and further accessions appeared certain, although the mid-March collections of Federal income taxes are expected to cause a temporary interruption in this movement. Commercial borrowing, after a further decline during the early part of the month, experienced a moderate increase, indicative of a seasonal Treasury 3s. 3s 504 Feb. 1074 P'eb. 1074 Price 81 Erie ref & Impt 5s of 1927.-.1967 Great Northern gen 44s 1977 Stock sales—No. of shares.. the latter day 21%. on The Treasury 3 h s 1950 51 P'eb. Southern 16% and at its highest 18%, with the close Feb. 28 at 18%. Baltimore & Feb. 2S at Ohio on up at its lowest Feb. 10 at was Brooklyn Union Elev 5s Chesapeake <fe Ohio 44s 74 76 Highest and at its highest Feb. 28 at 20%, with the from the Amer <fc P'oreign Power 5s. ..2030 the latter day at 63%. on Feb. 28 1939 Opening Bonds rise in the demand for bank credit for business A major development was the announcement on Feb. 27 by the Secretary of the Treasury that the March 15 financing will be limited to an exchange offering to holders of $1,293,714,200 of notes maturing June 15, and that no new money would be sought, as a result of which greater activity developed in the Government security markets, and con¬ siderable advances were registered in most issues. Direct Government financing during the month was limited to the usual four weekly $100,000,000 issues of 90-day Treasury bills, which were placed at rates ranging between 0.002% and 0.005%. In addition, however, the Treasury offered on Feb. 6, at a price of 100%, $300,000,000 %% three-year notes of the Reconstruction Finance Corporation, follow¬ ing the offering on Jan. 24, at par, of $114,146,000 five year lf$% notes of the United States Housing Authority. Gold imports during the month totaled $128,800,000 of which sum $98,900,000 came from England, $15,000,000 from Holland, $5,500,000 from Japan, $3,600,000 from Canada, $3,400,000 from Australia and $2,200,000 from China. Including releases from foreign earmarked holdings, and unreported acquisitions by the Treasury, the total gold stock of the country increased by approximately $195,000,000, to a new high of close to $14,900,000,000. Discount holdings of the 12 Reserve banks rose from $4,873,000 Feb. 1 to $7,394,000 Feb. 8, but subsequently receded to $3,698,000 March 1. Bills bought in the open market again remained virtually unchanged at the nominal figure of $553,000 March 1 as compared with $556,000 Feb. 1. Total member bank reserves fell from $9,046,811 Feb. 1 to $8,707,191,000 Feb. 15, but in the following two weeks recovered to $8,purposes. 16 MONTHLY REVIEW 941,650,000 March 1. Average yields on 3 to 5-year Trea¬ sury notes declined further from 0.62% Jan. 31 to 0.57% Feb. 28, those on longer term Treasury bonds from 2.45% to 2.39%, and those on 3-month Treasury bills from 0.005% to 0.004%. The customers' rate on commercial loans by leading banks receded from 1.67% to 1.63%, while the call money rate on the New York Exchange continued to be quoted at 1%. LOAN CALL RATES ON THE High Renewal Low 1 Feb. 1 — 1 1 1 1 2 1 Feb. 3 1 Feb. 4_«_ Feb. 5 Feb. YORK STOCK EXCHANGE Low 1 1 NEW "The conditions of limited same 1 1 Feb. acceptances outstanding at the end of January was approxi¬ December, reflecting following table, well, was accounted for primarily by decreases in outstandings of import and export bills and domestic warehouse credits." mately $15,000,000 smaller than in seasonal influences. the decline for 1 As is indicated in the the month, and for the year as Feb. 16.. 1 Feb. 17.. 1 Saturday Feb. 18_. Saturday Sunday Feb. 19_. Call Loans Sunday Feb. 1 1 1 90 Days 30 Days 60 Days 120 Days 150 Days 180 Days Accent' ces Bid (t AsA Bid & Ask Bid & Ask Bid & Ask Bid & Ask Bid & Ask Secured by 1 1 2 Xa7i6 6 1 Feb. 20-- 1 Feb. 7 1 1 1 Feb. 21 1 Feb. 8 1 1 1 Feb. 22__ 9 1 1 1 Feb. 23.. 1 1 1 1 1 Feb. 24__ 1 1 1 Xa7\t Xa" i6 heaX Xa9\i y$a9 is X(F\8 Xa7it Xa7 is 9i8aX h/%a9\6 Xa9i6 Xa116 Xa7i« Xa7 ie Die aX y3a9i6 XoAia V3a916 4—.. 1 5 Feb. ACCEPTANCES PRIME BANKERS' 1 1 number of months 1 1 a past continued in evidence during February, and quoted rates were unchanged. The total amount of bankers' Renewal High 15.. supply and active demand that had existed in the bill market for 1 - - . - - 3— Holiday Feb. 10___ 11 Feb. 25._ Xa7 is Xa7 is Saturday Sunday Xa7] 6 9t eaX •Ha9is Feb. 12___ Sunday Feb. 26.. 8—- Xa7i6 Xa7i8 X a7 is 9 ie aX y%a916 Feb. 13_ 14- Holiday Feb. 27.. 1 1 1 9 Xa7 is Xa716 Xa.1 ie 9i6 aX> V3a9 is %a9\6 Feb. 28 1 1 1 9 Feb. Feb. Feb. Saturday — 1 1 1 — > Saturday Sunday 7 - Time loan rates on security collateral remained unchanged figure of ll/i% for 90-day loans and 134% for loans running 180 days. Reflecting the stagnation in the security markets, little incentive existed for seeking new loans, and most transactions were again confined to the - - - - - - - Xa7ie Xa7 ic Xa716 9i 6 a X %a9ia %a9 is - - - - - Xa7ie ,!^a7i6 Xa7 ie 9i&ays Xa9i6 ysa916 11 Saturday Sunday 12 13.... Holiday. 14— Xa7 is ^ja7i« Xa7 ic 9ie aX y3a9 is Ha9ie 15 Xa7ie. ,Xa7i6 Xa7 is Xa7 is 916aX y3a9 is X a916 Xa7i« Xa7i 6 9I Xa7 is Xa7 is Xa7n 9i«a><2 16.... ----- 17-... 18.— renewal of older accommodations. RECORD OF TIME LOAN RATES 20—.- - 60 Days 90 Days 4 Months 5 Months 6 Months - - Xa7ie - Feb. 1_ 1 X — IX IX IX 2_„ IX IX IX IX IX IX IX IX IX IX Feb. 3... Feb. 4... X a916 Xa716 •Vgfl'is Xa9 is 916® X H a916 V%a9 ie Xa716 ®J8U X ?^a9i6 V3a916 Xa7ie X a718 916« X Xa7 is Xa7 ie Xa7 is - - - 24— - - - Xa,7 is ----- Xa7ie Xa7 ic - Xa716 25— Feb. l/%a9\6 9ioaX Xa9n Xa9 ie Holiday 23.... 30 Days - - 22— Mixed Collateral on - - 21 Rates Y%a916 X Saturday Sunday 19 DAILY h/%a9i6 - 10 at the nominal - Saturday Sunday 26 Xa7 is ----- 28 Xa716 °i6 a X y3a9 is- y3a9 ie Xa7 ie Xa7ie 9ieaX Xa916 y3a9 ie Satur day Sun day Xari6 Xa7\8 27 Feb. 5... Feb. 6... IX Feb. 7 Feb. 8... Feb. 9 IX IX IX IX IX Feb.10— IX IX IX IX IX RETURNS IX IX Feb. 11.— IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX Satur day Feb.12... Sun day Feb.13... Holi day Feb. 14. Feb.15... Feb.16... IX IX IX Feb.17... ■ IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX Feb.18-.. IX IX IX IX Sun day Feb. 20.— IX IX Feb. 21— IX Feb. 22 Holi day Feb. 23... IX IX IX IX IX IX Feb. 24... IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX IX Feb. 25— Satur day Feb. 26— Sun day Feb. 27— Feb. 28— i Commercial paper met with continued active investment available supplies remained insufficient for the demand. Prevailing rates for average grade prime four to six month paper continued to be quoted at the new level of bA% to K%- Under date of Feb. 15, the Federal Reserve call, YORK CITY and Bank of New York announced that returns received from commercial paper dealers showed a total of $195,200,000 of open market commercial paper outstahding on Jan. 31, compared with $186,900,000 on Dec. 31, but $299,300,000 at the end of January, 1938. RATES FOR MONEY AT NEW YORK LOANS IN NEW a temporary check interposed to the steady climb in excess reserves of member banks which January. Owing to the payment for approxi¬ featured $424,000,000 of governmental securities in agency February and the collection of social security taxes due on IX Satur day Feb. 19.— BROKERS' February saw at least mately IX IX IX IX IX IX XX IX „ RESERVE BANKS- THE FEDERAL IX IX OF Feb. the Federal Re¬ These influences outweighed by $105,000,000 the importance of the factors making for an increase in bank reserves. the Treasury's deposit balance in 1, banks serve The experienced record high in appreciable member 25 at Jan. an bank increase. excess reserves was In the three weeks to Feb. 15 this total was reduced to $3,170,000,000, mainly because of the influence on the bank reserve position of reached on $3,600,000,000. accruing period in¬ cluded $114,146,000 from the sale of United States Housing Authority notes on Feb. 1, $310,090,000 from an issue of Reconstruction Finance Corporation notes on Feb. 15, and $340,000,000 of social security taxes, railroad retirement taxes and unemployment trust funds from the States. But from this low point to March 1 excess reserves rose again to the $3,380,000,000 level, making their net decline for the four weeks ended March 1, $100,000,000. The decline in actual member bank reserves in this four-week period Treasury directly or operations. indirectly The the to receipts principal Treasury this in $105,161,000. this period the Treasury's balance in the Federal Reserve banks increased $280,797,000 net, leaving the de¬ was Over Week Ended,— posit at the $1,167,818,000 level as of March 1. Feb. 4 Call loans on Feb. 11 Feb. 18 Feb. 25 1@1 1@1 1@1 1@1 Stock Exchange: Range lor week (mixed & ind. collateral) Week's aver, (mixed & indus. collateral). Time loans (mixed & indus. collateral): -. Thirty days..; Sixty days _ — - Ninety days 1 IX IX IX 1 IX IX 1 in non-member crease deposits and other 1 accounts. IX IX IX IX IX Also tend¬ ing to reduce the volume of bank reserves was the $76,000,000 rise in currency circulation and the $12,000,000 in¬ During the banks placed $60,530,000 more on banks and the shifting of their Four months.. IX IX IX IX IX principal Five months IX IX IX IX Six months IX IX IX funds was one of the Other IX Federal Reserve period foreign central deposit with the Reserve four-week ; 1M Commercial paper: Double and single names: Prime 4 to 6 months- S/8@X x@:x Good 4 to 6 months what x@x VB@X x@u Trading in bankers' acceptances was again retarded by inadequacy of available bill supplies in the face of active investment demand, due in part to seasonal influences but chiefly to the falling off in foreign trade activites. Out¬ standing acceptances, according to the monthly survey of the Acceptance Analysis Unit of the Federal Reserve Bank of New York, published Feb. 14, totaled $255,402,175, Jan. 31, compared with $269,605,451 Dec. 31, and $325,804,395 Jan. 31, 1938. All classes of bills showed decreases, with import bills falling from $94,563,220 Dec. 31 to $88,603,750 Jan. 31, export bills from $60,071,510 to $57,091,642, domestic shipments from $11,594,185 to $10,517,680, domestic warehouse credits from $45,147,797 to $41,700,650 and bills based on goods stored in or shipped between foreign countries from $55,539,867 to $55,190,861. Bills held by accepting banks totaled $203,803,605 of which sum $122,007,353 were own bills and $81,796,252 bills of others. Rates for bankers' acceptances were unchanged at A% bid and 7-16% asked for 30-day, 60-day and 90-day bills, at 9-16% bid and 3^% 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 "Monthly the Review" discussed conditions in acceptances as follows: the influences during February. deposits in the Reserve banks declined $45,817,000. The $76,000,000 increase in currency circulation was some¬ market for bankers' market money larger seasonal expectations called for, and as $396,000,000 larger than on March 2, 1938. The banking difficulties in Jersey City during the month were accompanied by a rather greater demand for the circulating medium than than of March 1 the amount of currency in use was usual. The pace influx of gold from Europe was at an accelerated in February, the expansion in the gold stock in the four weeks to March 1 amounting to $194,000,000. The Treasury deposited $207,501,000 more gold certificates with the Re¬ serve banks, or $13,501,000 more certificates than the rise in the gold stock called for. Again the Reserve banks made no change in their total holdings of Government securities, though they did shift out of $5,535,000 of Treasury bills into a like amount of Treasury notes. Federal Reserve credit in use increased $4,000,000, owing to a rise in the "float." Bills discounted for member banks decreased $1,175,000 to a total of $3,698,000. Industrial advances declined $225,000 to the $14,586,000 mark, and commitments to make advances in¬ creased $33,000 to a total of $12,925,000. Treasury currency increased silver $10,000,000 because of the issuance of additional certificates in pursuance of the silver purchase program. February ments for a month of expanding loans and invest¬ reporting banks, but once again it was in- was the creasing Total investments loans of which Provision is made in the bill to safeguard possible. showing this made tions in the gold price arising from reporting banks in New York City de¬ clined $2,000,000 in the four weeks to March 1, compared In with value the increase of The experience over the years has been that the seasonal de¬ mand for commercial loans, in preparation for the usual an in February. the five loans weeks* to March to firmness New York City 1 industry commerce, But the net rise The $170,000,000 in their investments. industrial activity, makes its appearance in Such a demand did appear, and in four out of expansion in this reporting bank increased. period amounted to only $7,000,000. in materials raw not were business forcing The $170,000,000 increase in investments of the reporting New York 000,000 City in banks direct resulted Government from securities $35,- of decrease a increases and of $100,000,000 in Government-guaranteed securities, and $45,000,000 in other anteed with securities. The rise It Government direct holdings security of the reporting banks the Federal Reserve Board made a change in the statement form in the week ended March 1. It began to break down -direct Government securities into Treasury Loans bills, and Treasury investments of Treasury and notes the bonds. banks reporting 101 in cities increased $178,000,000 in the four weeks from Jan. 25 Feb. 21. to The principal rise was in Government-guaran¬ teed issues, which were up $200,000,000. Other securities increased $21,000,000, but direct Government securities de¬ clined $2,000,000. Commercial loans were $1,000,000 higher. Reporting New York City bank loans to brokers and dealers in creased securities—the $5,000,000 to so-called total brokers' loans—in¬ of $647,000,000 in the four as compiled by the New York Stock Exchange, increased $16,935,522 in February to a total of $683,432,399. On Feb. 28t 1938, there was $576,961,814 of these loans outstanding. March weeks to 1. a Street loans, Sterling exchange the fact to ure firmness York. In of February begins a period of seasonal on London as compared with New exchange Day-to-day rates showed fact, rule that steady in February. firmer, due in large meas¬ was the variations prior minimum of fluctuation. a almost were slight as the was as 1914. to In by the London authorities in January to steady and protect the pound. Briefly, chief of these measures was the sale of £200,600,000 of gold by the Bank of England to the British Exchange Equalization Fund. Other measures adopted to strengthen the pound included request by the British Treasury that all banks and bullion firms cooperate in curbing speculation against the pound. The financial organizations were requested to cease making loans against gold where purely speculative operations were involved and to stop direct be British short-term thereby it should diminishing be recalled that funds to the gold the flow instructed were York New to from make on Dec. market London to and overdrafts no in purpose of enabling their clients to purchase foreign currencies, or even colonial securities, that of London the Foreign Exchange Committee exchange operations might be freely foreign undertaken where banks commercial character. prohibited except were reasonably assured of their forward gold transactions were All in cases where general a operation had taken place against which hedge was a forward purchase or the commercial only possible Advances sale of gold. against gold were not to be allowed except where obtained by bullion dealers who had to run credits against gold in the A normal course fundamental of business. revolution has the conduct of Currency Bank fiduciary which of a issue had Treasury was Notes bill, which authorized of been on the Bank effected Jan. 6. of temporarily The an England by increase in the by £200,000,000, a minute outstanding feature of for statutory price of 84s. the gold at 140s. This of the fine no Referring to the liberation of plainly that it is not profit in a It is rather in the nature of unrealized received it if as recognition of were until character that and I revenue, equalization account. matter for provide me In consideration, Unrealized now. is appropriate not not proposing to am Sir but this Simon John of inflation the proposal How it will be dealt with is revaluation increase in revenue." with any conclusion question that stated deflation or there He involved. a not does is said no that for revaluation of the assets of the Issue De¬ partment at current prices was a change in machinery and had bearing no of manner in comment bill had whatever the upon ultimate stabilization The London which question "Economist" in its issue the on been |Of time or gold. on Feb. 11 observed of Currency and Bank Notes bill that the well received by the House of Commons and which of the rejected, was apparently essential proposal, provision that the price at which only was a gold is valued week by week should be published. consideration of the bill Careful served to emphasize the paradoxi¬ cal fact that while a revolutionary change is being made in the accounting practice of the Bank and in the theory underlying the In regulation of statutory February there confidence safe the note the issue, have lOVod. per fine been carried since ounce repository for balances. The the action month in of the seemed official Great which Britain is higher than the figure used by the ounce. marked return of a This London due was as a in large part foreign exchange indicate to operations stood market that the ready throughout British authorities steady by buying at $4.07% and by selling at around $4.68 to prevent a to sterling rise. British The authorities appeared of market in such London gold to be operating in low enough to to keep the dollar permit private arbi¬ Hence gold shipments to New York con¬ shipments. tinued also a way as although at reduced a rate with compared as the heavy shipments after May, 1938.. From in the Aug. 31, 1938, until United gold holdings States Feb. 21, 1939, the gold stocks increased $1,682,255,327. total The Feb. 28 stood at $14,818,000,000. Despite the heavy shipments of gold to the United States, was reposed fiscal of London authorities the aside from also must apprehension had interchange the departments. London in lessening that gold British the on evident acquiring The greater ascribed be concerning also in been funds of by confidence part the to the international the London open market during Febru¬ political situation. Gold in offer on amounted ary January. steady and in to £12,530,000 The to 177.02 favor the francs to of between 148s. The American York) Paris. as rate was ranging compared with and the gold to %%. Paris the was parity between of 176.90 The London open market steady, for on against range the pound. 5%d. price the very check As a historic (Federal between range in 148s. January high of 150s. Reserve Bank 5d. of continued at $35 an ounce. London open mar¬ rates were easy. Call money, against bills money was quoted month of pound, gold price was also 3^d. and 148s. 7%d. compared with £13,281,000 as London mean in and francs ket at undoubtedly was the part of foreign interests in on to the aforesaid measures to strengthen the position of the pound and the fiscal machinery of Great Britain. New Exchange Equalization Fund, which values its gold per Great of involved it that At present it simply represents an increase in assets serve. bill gold standard in September, 1931. The Bank's gold valuation according to present gold prices in the open market would be around 148s. 6d. per ounce. but He said further: "Some of this appreciation should be placed in the exchange equalization account as special re¬ the went off the British de¬ the it." use of provision for valuing the gold reserves of the Bank on the basis of current market prices rather than the fine state to sense. not use so the England reserves since details certain with mechanism, appreciation 179 in British finance took place in February. On Feb. 1 the Chancellor of the Exchequer introduced in Parliament a new and bound am but it circular policy capital appreciation which has been there for a long time New pounds. A concerned was ordinary trage stated step in the con¬ important currency asserted: "I 1938, the Exchequer reimposed restrictions on British for¬ eign lending with the object of arresting the movement of Banks most approximately £95,000,000 through the revaluation of gold, value foreign it monetary the London gold connection sterling for the the managed introducing the bill the Chancellor of the Exchequer that 20, York. the change in monetary policy. speculation in gold and foreign currencies. this the practical importance of the change is almost nil. taken In of Britain's The greater steadiness was undoubtedly due to measures a price, gold from gold. The bill passed its third reading in Parliament with hardly a dissenting voice in the debates. gested, consistently was London the loss to the Equalization by the public, that few changes in its terms had been sug¬ COURSEmOF STERLING EXCHANGE IN FEBRUARY On the whole the undertone if sterling should decline, the in parture capital the Conversely, advance constitute tinuation connection with made generally agreed in financial circles that the meas¬ was would ure any reflected be Fund. Fund. primarily subscriptions to the United States Housing Authority and Reconstruction Finance Corporation notes issued during the month. In issues Will Bank of England will make up Government-guar¬ in rises, causing a decline in the Bank good by the British Exchange in London, the subsequent loss to the resultant a against varia¬ fluctuations in sterling. the pound that gold England said heavily from the banks. of Equalization borrow to the event of agriculture and commodity prices in the latter half of February gave rise to the hope that corporations were beginning to build up their inventories, but any purchases of 17 MONTHLY REVIEW March, 1939] two- at */>% and three-months' In the bills first were half of the 9/16%; fourIn the second months', 19/32%, and six-months' bills, %%. half of February the rates were 9/16% for two-, three- and four-months' bills and 11/16% for six-months' bills. Ster¬ ling cable transfers sold on Feb. 1 at $4.67 13/16@$4.68 1/16, on Feb. 28 at $4.68 ll/16@$4.69ys. The high for sterling in February was $4.69 7/16 for cable transfers on and Feb. 25, a on Feb. 2. new high for the year, and the low was $4.67% 18 MONTHLY REVIEW LONDON CHECK RATE ON PARIS AND PRICE OF GOLD IN LONDON London London London Check Rate Open Market Check Rate on Gold Price Paris on London _ Open Market Paris Gold Price 176.98 148s. 7^d. Feb. 176.97 148s. 16 176.96 148s. 7^d. 7^d. Feb. 3 Feb. 17 Feb. 4 176.95 148s. 7d. Feb. 18... . _ _ reflected of $200,000,000 sale the Bank's the of the sale and of further losses the Bank's bullion of 4d. 148s. 4^d. 148s. 4%d. 148s. 3^d. stood showed £200,034,740, leaving total gold holdings a of On March 1 the Bank's gold stock Jan. 11 at £127,065,869. 148s. 176.99 15 2 Feb. 176.96 1.76.98 1 Feb. 11, decrease 176.99 Feb. Jan. gold to the Exchange Equalization Fund a^d the net in¬ crease in the fiduciary issue of £170,000,000. As a result of Mean Mean as at Feb. 5 Feb. 0 176.99 148s. 5^d. Feb. 20--. 176.98 148s. 5d. £227,416,000. of £99,992,000 to the Bank's gold holdings results from the revaluation law, effective March 1. By its Feb. 7 177.02 148s. 4d. Feb. 21... 176.94 148s. 4^d. provisions those holdings are valued at the current market Feb. 8 176.98 148s. 4d. Feb. 22... 176.99 148s. 4d. Feb. 9 177.01 148s. Feb. 23... 176.98 148s. 4d. Feb. 10 177.00 148s. 3^d. 3^d. Feb. 24... 177.04 148s. 3J4d. Feb. 11 176.96 148s. 5d. Feb. 25... 177.04 148s. 3^d. 12 Feb. 26... which Feb. Feb. 13..- 176.94 148s. 4,^d. Feb. 27... 177.02 148s. 2d. sion of gold payments. Feb. 14 176.90 148s. 3-V£d. Feb. 28 176.98 148s. 3d. £94,425,000; it was supplemented by the purchase of £5,567,000 gold. The reduction reported on Jan. 12 in the Bank's gold holdings from £327,100,000 to £127,197,000 re¬ flected the transfer of £200,000,000 from the Bank's hold¬ Feb. SUN DAY SUN DAY In commenting — . SUN DAY 19... SUN DAY tlie foreign exchange situation during on February the Federal Eeserve Bank of New York said in its "Monthly Review" for March 1: "During the month of February foreign exchange quota¬ for sterling, the French franc, the Swiss franc, and tions the Canadian dollar firmed against for the the dollar, while rates guilder and the belga weakened. this market from $4.67% on of February to record the second successive monthly advance, following six consecu¬ tive months during which declines had been registered. Moderate pressure against sterling was exerted in the middle of the month, when the Chancellor of the Exchequer announced the British defense estimates for the year 193931 1940 to and $4.68% asked the end at for increase an of the Government's bor¬ rowing powers for the five years ending March, 1942, from £400,000,000 to £800,000,000, but this pressure was without noticeable effect on the exchange rate as considerable sup¬ port was afforded New the pound by heavy gold shipments to York undertaken by private arbitrageurs. The large private gold sales in the London market were reported as arising mainly from the maturity of forward contracts in gold, been prevented of which had in the the renewal majority of cases limiting speculation against during January. These rules also affected the London exchange market by reduc¬ ing greatly the turnover in foreign exchange dealings. sterling which "The French by the franc terms of sterling rules promulgated were was held within a narrow range in during February—close to 177 francs per pound—and as a consequence of the firming of the pound, gained in the New York market from $0.0264% to $0.0265. Forward rates for francs also improved. The French authorities reported to have made substantial ad¬ ditions to their gold and foreign exchange holdings, as the were repatriation of French capital which began about Nov. 1, 1938, continued Swiss franc 31 Jan. to steadily recovered $0.2275 month. The from $0.2258% on through the fourth in this market Feb. 21, the highest level since the In London the cross-rate improved 20.62. Short cover¬ ing of Swiss franc positions after Chancellor Hitler's speech of Jan. 30 initiated the recovery, which proceeded through¬ end of from out on November, 1938. 20.72 the of remainder the during February was shown by the Dutch guilder, which declined from $0.5383 on Jan. 31 to $0.5310% on Feb. 28, to reach its lowest quotation since early October, 1936. Against sterling, the guilder eased from 8.68 guilders per pound to 8.82%, approaching the level of 8.92@8.96 maintained prior to the Munich crisis of last September. The presence in the Netherlands of a large refugee funds rendered the guilder sus¬ ceptible to fluctuations in response to every rumor of politi¬ cal disturbance in Europe, and the Dutch authorities in the last two months have experienced a fairly continuous outflow fers of these abroad of Among the latter for the proceeds of loans sold in Amsterdam. $4,000,000 issue sold in Amsterdam was a City of Montreal in Canada, the transfer of which, of February, accentuated the weakness of the the at refugee funds, along with several trans¬ the end guilder, and also had the effect of bidding up Canadian exchange from a discount of 9/16% on Feb. 1 to a discount of 5/16% on Feb. 24. "Pressure against the belga developed some time after the resignation of the Spaak Cabinet on Feb. 9 and continued through the formation of a new Government by Premier Pierlot on Feb. 21>and its subsequent resignation on Feb. 27. Lack tion of in confidence Belgium in the appears stability of the political situa¬ to have been the main factor inducing the pressure against the belga, but the decline in the guilder also contributed by reviving domestic agitation that the belga be detached from gold and managed in terms of sterling." Changes in the gold holdings of during February were as follows: Feb. 8 an the Bank of England For the week increase of £107,497; for the week ended Feb. 15 increase of gold holdings of the Bank in the statement for the week £327,100,609 compared with the mini¬ mum of £150,000,000, and with £136,880,000 in the Bank's statement just prior to the suspension of gold in September, 1931. The Bank's statement for the following week, ended ended Jan. 4 stood at before British the suspen¬ The increase from revaluation was follows as in the "Monthly Review" of the Reserve Bank of New York for March Federal "During the month York affecting the which from $98,900,000 of February 1: imports at gold New gold stock amounted to $117,700,000, of was received from England, $15,000,000 and $200,000 from Holland, $3,600,000 from Canada, A India. major portion of of gold previously consisted don which became the shipments from England held in private hands in Lon¬ available for sale in the market follow- ing^the imposition of semi-official restrictions on forward dealings in gold. On the West Coast receipts of gold totaled $11,100,000, consisting of $5,500,000 from Japan, $3,400,000 from Australia, and $2,200,000 from China. In addition, there was a gain to the gold stock of $25,900,000 through releases of gold from foreign earmarked holdings in this country. "As result a of these reported transactions other and unreported acquisitions by the Treasury, the United States gold stock was increased during February by approximately $195,000,000, which January." compares with gain a of $170,000,000 in Canadian discount exchange during the month ranged between a of 5/16% and %%. The gold bullion reserve of the Bank of Canada, which was at $181,826,000 on Dec. 14, 1938, was increased to $195,726,000 by Feb. 15. Towers of the Bank of Canada remarked Governor annual his essential risk that would gold and on reserves insure which their has reserve been the increase has a no felt be expose the bank to increased. Government careful to emphasize that inflationary significance but is intended OTHER FOREIGN EXCHANGE CONTINENTAL AND both were sterling and steady throughout February in terms The sterling-franc the dollar. ruled during the month in favor of 176.90 and 177.02. franc the have safeguard against emergencies originating in Europe. French francs of i not further authorities at Ottawa have been as in it maintained in a immediate availability in should would "We 21: Feb. Since the Governor's report was written the loss." or issued such need of case report which form is rate Paris, ranging between The theoretical minimum rate at which attached to sterling is 179.00 francs to. the pound. French The domestic situation is improved. production as a result of the settlement of labor disputes. Repatriation of French funds, while not as marked as in the period from October to January, continued. It is believed that a total of more than 12,000,000,000 francs has been repatri¬ ated since the end of September. It was disclosed that the 1938 budget showed a net deficit of more than 9,000,000,000 francs. Financial observ¬ ers in Paris pointed out that even if the 1939 budget should be balanced, as seemed hardly probable, the State will still have to meet 30,000,000,000 francs of extraordinary expendi¬ tures by borrowing. It was thought that it would be necessary to issue a consolidation loan during the summer, for although the short-term accommodation rate in Paris is considerably lower, long-term loans continue to com¬ mand a high return. In February a number of fiscal measures of alleviation were decreed with the object of encouraging investment of French capital or reinvestment of profit in renewal or extension of plant facilities. In February, as in January, French international trade showed improvement, though There was an increase in business undeniably and the import surplus continued to militate Paris cable transfers sold on Feb. 1 at and on Feb. 28 at against the franc. 2.64 5/16@2.64%, 2.65@2.65%. Belgian currency developed weakness after the first week ended £119,186; for the week ended Feb. 22 an increase of £972, and for the week ended March 1 an in¬ crease of £99,992,000. It should be noted here that the an outlined were month. weakness nervous effect since in had been ings to the Exchange Equalization Fund. Details of the gold movement at the Port of New York Swiss francs per pound to "Marked volume of price of gold, which was on March 1 148s. 5d. an ounce ($34.78) and not, as heretofore, by the statutory valuation • "The pound sterling rose in Jan. addition The of a movement of balances away part from general uneasiness over the European political situation and in part from the flight of refugee capital from Europe. However, the ease in the belga was probably due chiefly to the Cabinet crisis February. There was from Brussels arising in which M. developed on Feb. 9 following the resignation of Spaak. A new Cabinet was not formed until Feb. 21, when M. Hubert Pierlot became {Continued Premier. on page 111) New York Stock Exchange MONTHLY AND YEARLY RECORD DURING RANGE OF BOND PRICES Bond Sales February 1939 1938 - $118,993,000 278,604,000 ____ Jan. 1 to Feb. 28 FEBRUARY 1939 Stock Sales February $127,593,000 293,503,000 1939 Shares. 1938 13,873,323 39,055,673 Jan. 1 to Feb. 28 14,256,094 38,678,025 NOTICE—Cash and deferred delivery sales are disregarded in the month's range unless they are the only transactions of the month, and when selling outside of the regular monthly range are shown in a footnote in the month in which they occur. No account is taken of such sales in computing the range for the year. The tables on pages February, 1939, and the embrace every 19 to 40 furnish range complete record of the transactions on the New York Stock Exchange during Theyjneedno extended introduction,[as they are self-explanatory. The tables the Exchange. We give bonds first, using the classification adopted in the official list. a since Jan. 1. security dealt in on The black-faced letters in the column headed "Interest Period" indicate in each case the month when the bonds mature. In accordance with the rule are at a pr ce adopted by the New York Stock Exchange in 1909, all quotations for interest-paying bonds to which accrued interest must be added. The exceptions to the rule are income bonds and bonds on which interest is in default. This method of quoting sent one or more 32ds of a bonds became effective Jan. 2, 1909. Quotations after decimal point Sales in\ February BONDS Value N. Y. STOCK EXCHANGE Price PRICES IN FEBRUARY r- s* « O RANGE 1939 Feb. 119 Sale 1 Feb. 28 Ask Bid Ask Lowest Highest Sale Prices Sale Prices Highest Sale Prices 119.3 Sale 119.20 Sale 119.3 Feb. 119.20 Feb. 28 H4T7 Sale 111718 Sale 11575 Sale 114.18 Feb. 115.5 Feb. 28 £114.25 Feb. 113722 1~14 " ill" 105"" 105.10 105"" Sale 16674" Sale" 106 "27 Sale 106721 Sale 166721 11072" Sale lio79 1944-1954 J D 107" 108" 10772 ail4.21 Feb. 1946-1956 M S 114.12 113.23 Jan. 26 119.20 Jan. 12 119.2 Jan. 12 114.17 Jan. 115.5 Feb. 28 .1940-1943 / D Feb. 114. Feb. 15 113.10 Jan. Feb. 105.4 Feb. 15 104.29 Feb. 104.30 68,000 Treasury 3Ms Jan. Sale" 106720 Feb." 106.23 Feb. 9 106.18 Jan. Sale" 116""" Feb"." 11676" Feb". 28 109.30 Jan. 104.29 Registered Treasury 3Ms.. *.1941-1943 M S 1943 1947 / D 109 ~30 Sale 1941 F Treasury 3 Ms A 107 Registered 1,000 109.31 Feb. 15 Jan. 23 10 104.30 Jan. 10? Jan, 105.8 110.9 Jan. "4" 107.13 107.8 Registered 1943-1945 A O 109727 Sale 11672" Sale 11074 ...1944-1946 A O liOT Sale 11074 Sale Ii67l3 Sale" 1946-1949 / D 109 T2 Sale 109 722 Sale 110.9 1949-1952 J D 10972 109.10 109716 Sale 110.3 1946-1948 / D Sale' Jan. 109.31 Jan. 107 Feb. 23 107.4 Feb. 9 107 Feb. 107.12 Jan. 6 Feb. 23 106.30 Feb. 23 106.30 Feb. 106.30 Feb. 23 109.39 Feb. Feb. 1 109.22 Jan. 110.8 Jan. 18 a 108,000 Treasury 3Ms 110.5 109.28 Feb. 21 al09.31 Feb. 110.2 Feb. 110.13 ~" Sale" 109720 Feb"." 11676" Feb". "l097i6 Feb"." 109728 Feb". Feb. 17 109.27 Jan. 109.27 Jan. 25 28 109.22 Jan. 110.13 Feb. 28 28 109.11 Jan. Feb. 28 25 10972*" Jan7"26 109728" Feb". 25 26 110.9 Registered Treasury 3%s_„ 110.16 Registered 153", 000 Treasury 3s 126",000 Registered. Treasury 3s 108*24 Sale 16672 109717 lib"" i667l" Feb"." 1097l4" Feb"." 16 108.19 Jan. 27 109714" Feb"." 16 1951-1955 M 8 107"6" Sale 107722 Sale 108716 108716 107.4 Jan. 26 108.16 107.10 Jan. S 104721 Sale 104*31 Sale 105720 Sale" 161728" Feb"." 7 107.20 1955-1960 M 104.12 Jan. 104.10 Jan. 26 105.22 27 104.20 109.10 ... Sale" 107722 Feb"." Feb~.*28 Registered 335,666 Treasury 2Ms 3 166722" Feb". 28 Registered 163",660 Treasury 2 Ms 286",660 Treasury 2 Ms leo'ooo Treasury 2 Ms loV.20 10873" 107714 Feb"* 10873*" Feb". Treasury 2 28", 000 Sale 107T4 Sale 106 "2" Sale" 106.28" Sale 10671 " Feb"" 105.19 Jan. 106.3 Jan. 104"6 Sale' 104*20 Sale" 105711 106.3 Sale" Jan. 10472*0 23 Feb."" 1 166714" Feb".~28 104 Jan. 105.14 Feb. 28 ~S 103T3 Sale" 103725 Sale" 104714 Sale" 103725 Feb", "i 104714 103.4 Jan. 104.14 Feb. 28 D 102"2_8 Sale" 103TO Sale" 103724 10378"" Feb"" 6 io37l9 Feb~.24 102.20 Jan. 103719" Feb."24 103.9 Sale 6 28 1951-1954 / M 1958-1963 / D 7 106731 Feb". "28 104.4 1960-1965 J D 102"2_5 Sale" 163710 Sale" 10472" 1945 J D 106.12 Sale 106.15 106.22 107.3 10576 105T5 Sale" 105729 Sale D 102"22 Sale"" 103" Sale" 103719 Sale Feb~.~28 107 Jan. 108.3 Feb. 28 107 Treasury 2 Ms Treasury 2 Ms Jan. 107 Jan. 27 106.31 _ Sale Feb. 8 104.2 Feb. 28 162.26 Jan. 104.2 Feb. Feb. 3 106.31 Feb. 27 106.6 Jan. 106.31 Feb. 27 105.15 Feb. 166729 Feb~.~28 105.1 Jan. 105.29 Feb. 28 102729 Feb".* 166721 Feb." 28 102.13 Jan. 16.3721 Feb".28 Jan. 102.24 Jan. 7 102.16 Jan. 103.24 Feb. 28 102729 Feb". "28 107.13 106.18 ... 105.15 ._ 195(Ll952 M S 102"24 Sale"" 10372 102 "4" 102.12 102T3 102.16 107.2 107.12 Sale' 103724 Sale 102731 Feb"." 166724 Feb".2S Registered 199",000 Treasury 2s 28 __ 1949-1953 J Registered.i Treasury 2Ms __ Feb. 28 102.24 1948 M Registered 223", 000 9 1074 i05"2_2 Registered 392",000 Jan. S S Ms".1956-1959 Registered.. Treasury 2 Ms Registered 466", 000 Treasury 2Ms 98,000 Treasury 2 Ms 28 28 1948-1951 M Registered... 318,660 Feb. Jan.J 19 Feb. 1945-1947 M Registered 257,606 10 ... 106,000 Treasury 3Ms 29*666 3 18 106.30 Treasury 3Ms 295,000 Treasury 3 Ms 3,000 Registered Registered 27 114 Feb. 28 28 106.37 Registered 50*,000 Sale Prices 20 113 TO 113.20 118.26 119.2 Treasury 4s 8,000 Registered 38,000 Treasury 3 Ms Registered 63,665 1 ' Lowest Registered 17",000 SINCE JAN. Jan. 3 Bid U S GOVERMENT BONDS 55,000 Treasury 4 Ms 1947-1952 A 79", 000 repre¬ point. 1947 J D 102729 Sale" i 02714" Feb"." 166729 Feb". 28 102 Jan. 108 15 Federal Farm Mortgage Corp— 9,000 3Ms 1944-1964 M S 107.14 Sale 108.3 108.14 107.14 10777" Sale 107717 107.28 Feb. 107.9 Jan. 108 Feb. 15 167715 Feb".~23 1 106.26 Jan. 107715" Feb". 23 Feb. Registered 204,660 3s 1944-1949 M N 106"27 Sale" 10775" Feb"." Registered 38*666 3s- 1942-1947 / - J 106T Sale"" 106 7l Sale 10676 106.21 106 S 105" 105.10 10572" 105.10 105712 105.24 107.7 Sale 107.21 Feb. 4 16675" Feb"." 25 106""" Jan7 16675' Feb"." 6 16672~6 Feb."27 105.3 Jan. 165720" Feb". 27 Sale 107.6 Feb. 4 107.21 106.26 Jan. 107.21 Feb. 28 Sale 102.9 1 Jan. 26 102.20 6 102.14 Jan. 19 Feb Jan. 30 104.19 Feb. 24 11 Registered "7",000 164,000 151", 000 3,000 120,000 2 Ms 1942-1947 M Home Owners Mortgage Corp— 3s Series A 1944-1952 M N 106.26 Sale Registered 2Ms Series B 1939-1949 F 102 T1 A Sale 1027ll Sale 102719 104T0 Sale 104710 104.20 104712 102.20 Feb. 15 102 i02.ll Feb. 6 102.14 Feb. 24 102.11 104.28 104.11 Feb. 2 104.19 Feb. 24 Registered 2Mb Series G 1942-1944 J / FOREIGN GOVT & MUNICIPALS Agricultural Mtge Bk (Colombia)— 13,000 iGtd sink fund 6s 1947 F A 5,000 iGtd sink fund 6s 1948 A O 19,000 Akershus (Kingd of Norway) 4s_1968 M S 69,000 AAntioquia (Dept of) Col 7s A.. 1945 J J 93,000 ^External s f 7s series B 1945 J J 18,000 iExternal s f 7s series C 1945 J J 41,000 AExternal s f 7s series D 1945 J J 67,000 a7s 1st series 1957 A O 68,000 a7s 2d series 1957 A O 68,000 a7s 3d series 1957 A O 82,000 Antwerp (City( extl loan 5s 1958 J D Argentine Nation (Govt of)— S f external 344,000 4Ms 1948 MN 206,000 Sinking fund external 4 Ms.-.1971 M2V S f external conv loan 4s_Febl972 F A 291,000 S f external convloan 239,000 4s..Apr 1972 A O For footnotes see page 30* Feb. 28 25 % 25% 93 9% 9% 10 % 95 % 96 87% Sale 78 % Sale 78% Sale 10% 9% 8% 8% 92% Sale —- 94% 11 Sale Sale Sale Sale 9% 11% 95 91% Sale 86% Sale 77% Sale 77% Sale 26 % 27 26 % 94 Sale Feb. 25% Feb. 1 25% Feb. 10 26 Feb. Feb. Feb. Feb. Feb. 24 12% Sale Sale 12% Sale 12% Sale 11% 12 11% Sale 11% 12 M 11% 9% 10% 10% 9% 9% Feb. Feb. Feb. Feb. Feb. Feb. 10 Feb. 8 25% 94% 13 % 13% 13% 13% 12% 12% 12% 96 92% Feb. 3 96 27 16 14 Feb. 14 Feb. 15 Feb. 14 Feb. 14 Feb. 15 Feb. 28 92% 86% 78% 77% Feb. 6 Feb. 1 Feb. 15 Feb. 14 12 % Sale 91 % Sale 86 % Sale 77% Sale 77% Sale 94 Feb. 28 91% Feb. 1 85% Feb. 20 76 Feb. 3 76% Feb. 3 24 104.1 25% Jan. 25% Jan. 5 19 93 Jan. 10% 9% 10% 10% 9% 9% 9% Jan. Feb. Feb. Jan. Jan. Jan. Jan. Jan. 16 3 90% 1 1 3 28 25 28 28 89% Jan. 27 85% Feb. 20 76 Feb. 3 76% Jan. 16 10675" Jan7"20 26 26 94% 13% 13% 13% 13% 12% 12% 12% 96% 92% 87% 78% 79 Feb. 24 Feb. 14 7 7 Feb. 16 Feb. 16 Feb. 14 Feb. 15 Feb. 14 Feb. 14 Jan. Jan. Feb. 15 Jan. 11 Feb. 6 Jan. 10 Jan. 4 Jan. 3 Sales in 8* £ 2 BONDS February I Value n. y. stock $ 309,000 315,000 245,000 21,000 1,000 10^,000 111,000 69,000 11,000 8,000 235,000 2 5s 1939 of J 1949 external 6 %s External sf 6s External s (U S of) Buenos Aires 1941 -1957 1957 -1952 2,000 20 |9oU 1962 AStabilization loan 7%S-- jg'' 197° 197 b 113% 20 19% 12 AExtl s — F A 97 J D J D 11 55 M S 50 % 50% F A A O Sept a6s assented 37,000 AChilean Munic Loan 7s 1,000 AChinese Hukuang Ry 3,000 ACologne (Germany) s Colombia 5s- _ f 6%s— (Republic of)— 240,000 a6s of 1928 --9ct 285,000 AExtl s f g 6s __--Jan 14,000 AColoinbia Mtge Bank 6%s 20,000 ASinking fund 7s of 1926 4,000 ASinking fund 7s of 1927 184,000 Copenhagen external 5s 114,000 Gold 4%s - — * (City) 7s * 12",000 a7s stamped. — 15,000 Cordoba (Prov) Argentina 50 55 51M 56 J J 37 % J J F ext debt, Ser A of J 98 % 18% 31% s ~22% 1960 A Sale 22% MN 18 MN 15M Sale A 16 18 Sale O F 16 18 Sale 16 s 283 000 12 000 139 000 349 000 110 000 Sale D 15% 12% 15M 12% Sale 14."" Sale 14"" ~17% 16 Sale O 1961 J 1947 A O 1946 MN 1947 F A 1952 J D 1953 MN J J MN F 35 19 20% 21% 21% III IF Feb. 21 10% Feb. 93% Feb. 1 3 95 Feb. 1 99 Feb. 7 9% Feb. 6 Sale Sale 17% 20 Sale 19% 25% 25% 25% 20% 18% 16% 13% a 9% Feb. 2 64 Feb. 2' 64 Feb. 2 64 8 52% Feb. 18! 49 Feb. 8 52 18 Sale 49% Feb. 49% Jan. 50% Jan. 10 24 24 9 52% Jan. 53% Feb. 28 49% Feb. 51% Feb. 10 9 10 38 19 42 Feb. 2 7 29 Jan. 24 Sale Feb. 53% Feb. 28 53% Feb. 17| 42 Feb. 2 42 28 28% 20% Feb. 7 22% Feb. 30% Feb. 27 110 110% Sale 110% 110% Sale 103% 103% 103% 103% Sale 103% 102% 102% Sale 100% Sale 99% 16 19% rl9 27 30% Sale 23 25% Sale 30 Sale 25 Feb. 23 111% Feb. 24 Feb. 111% Feb. Feb. 21 103% Feb. Feb. 25 104% Feb. 2 102% Feb. Feb. 1 101 Feb. Feb. Feb. 2 rl9 Feb. 7 30% Feb. Feb. 1 Feb. 8 22% Feb. 7 19% Feb. 14% Feb. 27 Feb. 21 14% Sale 14% Feb. 11 Feb. 12% 10% 14% Sale 14% Feb. 12% 10% 10% Feb. 14% Sale 14% Feb. 11 Feb. 12% 10% Sale 14% 14% Feb. 12% 10% 11% Feb. 14 15 Feb. 15% 12% 10% 11% Feb. 14 15% zl5% Feb. 12% zll% Feb. 10% 14% 12% 13% Feb. 10 Feb. 12% 9% 12% 16% 13% Feb. 10 Feb. 9% 13 Feb. 12% "IS" 10 Feb. 10% 28 13% Sale 13 V Feb. 27 28 11 27 Feb. 3' 109% Jan. 61 109% Jan. 8 102% Jan. 4l 103 Jan. i8j 10 21 28; 28 25% Feb. 28 19% Feb. 16% Feb. 20% Feb. 7 10 101% Jan. 98% Jan. 25 5 20 20 26 17 7 32 Jan. 4 23 Feb. 1 27 Jan. 10 21% Jan. 19% Feb. 14% Feb. 23 27 27 18% J an 7 11 Feb. 21 16 Jan. 12 14% Feb. 28 Jan. 14 Jan. Jan. 4 17 25 18% 16% 18% 16% Jan. 17 28 18% J an. Feb. 14 11 Feb. 25 Jan. 3 9 28 14 14% Feb. 11% Feb. 28 Jan. 14 24 16% 18% 16% 18% 16% 18% 16% 27 16 Jan. 3 14% 16% 14% 16% 14% 16% 14% 14% Jan. Jan. 14 3 Jan. 11 Jan. 17 Jan. 11 Jan. 10 Jan. 5 8 20 Jan. 24 20 19 Jan. 11 28 24 Jan. 9 28 23% Jan. 7 25 6 27 3 27 21 27 21 Feb. 19% 25% 25% 25% Feb. Feb. Feb. Feb. 3 3 1 Feb. 9 11 Feb. 27 Feb. 3 9 Feb. 11 14% Feb. 10% Feb. 14% Feb. 28 Feb. 9 7 16% Feb. 12% Feb. 14 15 Feb. 25 16 11 Feb. Feb. Feb. Feb. 6 Feb. 11% 15% 11% 13% 10 Feb. 3 13% Feb. 27 1 24 20 '8 11% 14% 10% 14% 11% 14% 11% 14% 10 * Feb. 6 Feb. 10 Feb. Feb. 8; 11 1 Feb. 3 10 Feb. 10 13 Feb. Feb. 27 Feb. 9 10 Feb. 21 Feb. 10 L3% Feb. 27 Feb. 8 10 Feb. 28 Feb. 21 11% Feb. 17% Feb. 16% Feb. 28 8! 17% Feb. 18% Fe.b 28 1 23% Feb. 23% Feb. 17 17 6 26 Feb. 20 3 26% Feb. 25% Feb. 94% Feb. 27 3 27 93 28 19% 19% 25% 25% 25% 90% 87% Jan. Jan. Jan. Jan. Jan. Jan. Jan. 21 19 51 % Jan. 80% Jan. 3 24 Sale 47% Feb. 42 Jan. 28 Sale 74% 80 77 Sale 77 Feb. 24 80 Feb. 77 Feb. 24 29 30 Sale 2 30 Feb. 4 106 100 Feb. 100 Feb. 105 105 Feb. 14 100% Feb. Feb. 2 105 24 104 2 105 Jan. 101% 55% 102% 68% Feb. Feb. Feb. Feb. 11 103% Feb. 72 Feb. 8 100% 55% 102% 68% 49% Jan. Feb. Jan. Feb. Jan. 100% 103% 105 rl03% Sale 101% 102 55% Sale 57% Sale Sale 102% 103% 103 68% Sale 70% 71% Sale Sale Sale Sale Sale Sale Sale 27% Feb. 55 Feb. 3 el01% Feb. 4 8 57% Feb. 20 1 75 75% 6 103% 102% Feb. 99 Feb. 6 100% 93% 92% Feb. 21 71 Feb. 16 57 66 65 70 71% Sale 65% Feb. 8 64% 70 65 70 Feb. 8 62 68 65% 68 71% Sale 71% 66 O 66 Feb. 8 M S 57 66 64 70 71 A 65% 69% 66 70 71% 75 67 Feb. 8 69 65% 69 18 71 Sale 67 Feb. 2 19 23 16 Feb. 3 18 15 16 14% Feb. 16 60 14 MN J 13% J 97 15% 100 105% — Sale 106% Sale 103 108% 118% 103% 112 — ~ Sale 23 108% Feb. 25 11 28 28 65 28 65 27 65 Feb. Feb. Feb. Feb. 70 Feb. 71 Feb. Feb. 14% Feb. 16 71% 71% 68% 71% 100 20 Sale Feb. 20% 16 Sale 19 15 Sale 24% 18% 25% 18% 25 25 22% Sale 14V 26 21 28 27% 20% Feb. 23% Feb. 14 24% 18% 22 23% 19% Sale 17% 16% 15% 14% 103% 104% 105 20 10% 10% 9% 9% A 32 F A 28% MN 12% 11 11% 13% 37 9% 9% 30 Sale 107% 22% 68% D 76 Sale M S 73 79 54% 80% 64% 9% 9% Sale Sale Sale 55 54% 78% 58% Sale Sale Sale 13% 34 29 107% Sale 67% Sale Sale 60 75 8% 8% 8 8% 29 25% 20 70 9 71 3 18 Sale 19 Sale Sale 10 9% 11% 10 37% 27 108 18 73% 15% 13% 103% 1 75 10 18% Feb. 25 14% Feb. 28 Feb. 20 2 6 104% Feb. Feb. 2 Feb. Feb. 2 Feb. 24 25% Feb. 16 14% Jan. 97 Jan. 105% Jan. 17% Feb. Feb. 9% 9% 9% 9% 1 Feb. 1 Feb. 1 Feb. Feb. 23 106 Jan. Jan. 113% Jan. 103% Jan. 15 21 Feb. 9 5l Sale 79 Sale 48% Feb. 77% Feb. 56% Feb. Jan. 12 17 22% 26% 20% 22% 16% 73% 15% 13% 103 8% Feb. 12 25 20 105 Jan. 17 25 25 2 Feb. Feb. 24 2 Feo. 21% Jan. 1 8 6 12 Jan. 5 17% Jan. 14 26% Jan. 17 18 Jan. 6 24% Feb. 26% Jan. 27 17 Feb. 20 22 24 23% Feb. 20% Jan. 4 Jan. 10 75 4 18% Feb. 25 16 26 105 Jan. 16 Jan. 5 10% Jan. 20 1 9% Feb. 9% Jan. 21 9% Jan. 12 18 31 Jan. 27 23 30 Jan. 10 20 103 Feb. 20 Jan. 27 9 Feb. 3 65 20 54% Feb. 1 23 85 14 24 60 Feb. Feb. 48% Feb. 20 75% Jan. 28 56% Feb. 24 2 27 28 24 28 Feb. 67 Feb. Feb. 28 27 27 28 Feb. Feb. Jan. Jan. Feb. Feb. Feb. Feb. Feb. Feb. Jan. 9 30% 24% 26% Feb. 17 Feb. 20 103 3 62 69% Feb. J an. 27 108% 12 104 11 115% 9 9 Jan. Feb. 13 Feb. 15 Jan. 17 Feb. 14 Jan. 23 Jan. 28 1 Feb. Feb. 21 Feb. 20 Jan. Feb. Feb. 5 14% Jan. Feb. 13 100 20 107 Feb. 24 18% Jan. 14% Jan. 25 17% Jan. 14 19% Jan. 25 8 16 Feb. 20 103 62% Feb. 58% Feb. 21 66% Sale 66% Sale 56% 20 2 9 65 Feb. Feb. Feb. 9 103 24 Feb. 8% Feb. 25 9 24% Feb. 27 4 23% Feb. 19% Feb. 20 4 4 23 25% Feb. 28 17% Feb. 25 22 33% 20% 22% 17% 73% 17 28 28 3 28 3 75% 25 103% 25 100% 26 97% 16 20% Feb. 28 16% Feb. 25 28% "25% 73% Jan. 75 16 24 104 Feb. 18 23 25 15 33 23% 27% 21 78 103% 16 4 Jan. Jan. Feb. 20 115% Feb. 22% Feb. 8 19 9 Jan. 65 1 21% Feb. 102% Jan. 66% Jan. 8 25% 33% 20 25% 21% 19% 73% Sale 19 13 8 60 23 103% 66 23 26 19 28 Feb. Feb. 3 Jan. 27 Feb. 18% Feb. Feb. Jan. 28 1 100 4 30 71% 71% 68% 71% 106% Feb. 17% Feb. 24 17% Feb. 24 1 108% Feb. 28 106% Feb. Feb. 5 14 108 19 105 Jan. Jan. Jan. Jan. 103% Sale 22% 22% Jan. 50 Jan. Feb. 28 Feb. 28; 100% Jan. Feb. 28 97% Jan. Feb. 15 89% Jan. 15 107 100 18 66% P'eb. 20 103% 118% 115% 118% 114 103% 18% Sale 106% 16 103 20% 16 Sale 105% 20 107% D 15 100 27 55 100 Sale 9 7 26% Feb. 27 4 6 79M 93 10 11 "51% 99% Jan. Jan. 28 103 17 96% Jan. 94% Jan. Feb. Sale Jan. 26 44 Sale Jan. 16 3 24 Sale 75% 103% 100% 93% 17 Jan. 26 4 44 75 3 Jan. Jan, 55 Feb. J an. 26 50 75 5 16 10 16% Feb. 12% Feb. Sale 26% 27 Sale 9 13 • Feb. 45 55 Jan. 23% Jan. Feb. 40 74 18 12 Sale 74 Sale 10 27 75 Sale 6 Feb. 19% Jan. 23 Feb. Sale 4 Jan. Jan. Feb. 19 Feb. 27% 104% Jan. 30 103 3 101 90 22 10 32% Jan. 92 Sale 16 27 111% Jan. 26 111% Jan. 26 104 Jan. Sale 20% Feb. 53% Jan. 53 25 25 23 22% 25% 25% 25% ..... 17 3 Jan. 2 28 27 28 Sale Feb. 25% Feb. 2. Feb. 12% 16% 12% 16% 12% 16% 18% 35 Feb. Feb. O MN 6 Feb. A A 6 15 28( A F Jan. Feb. 97% Feb. 15 uuxa Feb. 25 10% Feb. M S J Jan. 97 12% Feb. 93 45 97 M J 89 13% Feb. 97 18% 16% 13% 13% 12% 97% 97% 100% 11% Feb. 35 100 J 13 3 64 11% Feb. 28 8 17% Feb. 16% Feb. 20 103% D 26 Jan. Jan. Jan. Jan. Feb. 6 94% Sale ---1952 J Jan. 11% 9% 9% 9% 93% 7 Sale 70 -1949 J 1949 13 Feb. Feb. Sale 59% M S Feb. 28 Feb. 27 Feb. 28 4 Jan. 7 Feb. 6 Feb. 6 Feb. 6 Feb. 7 Jan. 6 Jan. 5 Jan. Jan. 13 93 104 MN 26 115% 27 20% 90 108 O Jan. 94% A A 14 Sale" 93 M S O Feb.' 24 Feb. 28 49% Feb. Sale 27 27 108 Jan. 49 11% 14% Sale Jan. 112 Jan. 3 3 Jan. 3 Jan. 7 Jan. Jan. 11 Feb. 28 78 10 Sale Jan. Jan. Jan. Jan. Jan. Jan. Sale Sale ..... 16 104 103 Feb. 41% 22% 22% 28 Sale Prices 25 101 % 24 101% 26 98% 17% 23 27 20% 27 107% 96% 97% 91% 12% Sale 10 14% Sale "27" 11 Sale 20% 15 15 21 14"" 18% 16% 1 Sale 11 15% 12% 13% 2 97% 20 Highest Sale Prices 18 16 18 6 1 107% Feb. 28 3 108 Feb. 24 2 115% Feb. 27 2 15% 15"" "16"" 28 Feb. 29 15"" "16"" Feb. 12% Feb. 10% Feb. 14 15"" "10" 20 105% Feb. 104% Feb. 112% Feb. 15 21 15"" "l6"" Feb. Sale 25% 15"" "15% 14 Sale Sale 55 Sale Prices 7 100% Feb. 6 100% Feb. 3 95% Feb. 16 14% Feb. 18 96 51% 51% 53% 53% Prices Feb. 98% Feb. 93% Feb. Feb. Sale 95% 99% 10% Sale 99 18 29 12 % 1960 M S 1951 J D 1950 M S 1961 1 SINCE JAN. Lowest Highest Sale 26 D 13% Sale Sale D D Sale 15" Sale 1961 O 1961 A O 1962 MN 1962 MN Sale Sale 20"" Sale , 15 21 15% 19 Sale 30 al4% F 23 Sale 1944 30. 19% 34% Sale gold 6s _ 1942 1955 1962 page Sale 16 --1979 I960 Italy (Kingdom) extl s f 7s 1951 Italian Cred Consortium 7s ser B '47 Italian Public Utility s f g 7s 1952 Japanese Govt extl s f 6Ms 1954 Extl sinking fund 5Ms -1965 see 100 18 1957 J 1957 J 1961 J 1961 of deposit F'or footnotse 104% 102% 1963 MN 1963 MN 72 AHungary (Kingdom of) 7Ms 104 102 Sale 17% ™-1953 Extended at 4% % to 7,000 Irish Free State external 5s 111% Sale 110% Sale 103% Sale Sale -. "7",666 27% 32% Sale 11% 11% 11% 42 16 A35-year 5Ms stamped 1965 J D a5Ms unstamped 1965 a5Ms stpd (Canadian holder) .1965 206,000 AGerman Republic 7s stamped.-1949 A O 21,000 a7s unstamped 1949 German Prov & Communal Bks— 21,000 a (Cons Agric L'n) 6Ms ser A.1958 J D AGreek Govt secured 7s 1964 MiV 8,000 a7s part paid 1964 1,000 aS f secured 6s 1968 ¥ A 32,000 aGs part paid.. 1968 20,000 Haiti (Rep of) 6s series A 1952 A O 11,000 AHam burg (State) 6s 1946 A O 6,000 Alleidelberg (City) extl s f 7 Ms.-1950 J J 22,000 Helsingfors (City) ext 6Ms I960 A O Hungarian Cons Municipal Loan ASecured s f g 7 Ms 33,000 1945 J ASecured s f g 7s 30.000 Septl946 J 9,000 AHungarian Land Mtge 7MsA._1961 MN aS f 7 Ms series B 4,000 1961 MN — .20 78 50% Sale Sale Sale 16 351,000 23,000 - Sale 1962 M S 8s—1951 7s unstamped German Gov't International— 95% Sale 5%s__June 30 1945 f 7s stamped Sale 18 1967 1945 1953 30,000 French Republic 7 Ms stamped.-1941 7 Ms unstamped 1941 External Sale 1961 M 1961 M 1962 M S 2,000 Estonia (Republic) 7s 20,000 Finland (Rep of) external 6s 3,600 AFrankfort (City of) s f 6Ms 5,000 Sale Sale J |E1 Salvador (Rep) 1st s f 8s A—1948 ACertificates 20 107% 107 % Sale Sale 115% 20 20% 15 18% 14% 12% Sale 13,000 Dominican Republics f5%s 1942 12,000 1st ser 5Ms of 1926 1940 8,000 2d series sinking fund 5 Ms 1940 28,000 Customs Adm 5Ms 2d series..1961 12,000 5Ms 1st series 1969 12,000 5Ms 2d series 1969 4,000 ADrasden (City) extl s f 7s 1945 4,000 13 18 Sale F 15 97% 100 10% Sale 55 49% 50% 50% 51% 36 95% Sale Sale 18 A 102 269,000 Denmark 20-yr external 192,000 External g 5%s 231,000 External g 4Ms 95 29 Sale 103 29,000 Czechoslovak (Rep of) extl 8,000 Sink fund 8s series B i?a w 30 28 O 12% 21% 34% 30 J 1949 1977 f 5%s APublic Works M Sale 110M Sale 103 % 104% 103 % 104% 102 M 103 J 1949 4 %s external debt 30-year 111% J 1951 1944 1914 4 %s external loan 478,000 42,000 45,000 A J 41M 35% 35M MiV l9b» 7s— 1942 , 5s 78 Sale Sale M N 1957 F A 1957 F A ACordoba 51,000 ACosta Rica (Rep of) 7s 11,000 Cuba Rep of) 5s of 19041,000 5,000 10% 97% 97% 101% 13% 1961 J Jan AGs assented Sept AExtl sinking fund 6s_. 9,000 aGs assented— _— - - — - 37,000 AExternal sinking fund 6s 5,000 a6s assented—: 17,000 AChile Mtge Bank of gu s f 6%s. 37,000 a6%s assented 20,000 AGuar s f gold 6%s 8,000 a6%s assented 20,000 AG^aranteed s f gold 6s 72,000 a6s assented -24,000 AGuaranteed sink fund 6s 10,000 Sale 9% -Jau 1961 ctfs f 6s int Sale 10% *eD 1961 a6s assented Sale 10 J™' a6s July coupon on— AFarm loan sf6s 41,000 14,000 28,000 8,000 13,000 21 1984 — — 15 Sale I960 1,000 a6s Oct coupon on. - - 1942 36,000 AChile Republic ext s f g.7s 1942 36,000 a7s assented— ----,--7. 1960 141,000 AExternal sinking fund g 6s— 36,000 1960 a6s assented. - - -38,000 AExternal s f gold 6s * eb 1961 assented. ARyref extl sf g 6s Sale 105 1960 a6s 94% 14% 1975 101,000 Canada (Dominion) gold 4s—r133,000 30-year gold 5s-. — — — 1945 103,000 lC-year 2%s __Aug 15 1961 100,000 25-year 3 %s 1944 27,000 7-year 2 %s 1967 364,000 30-year 3s. ------•-- 1954 5,000 ACarlsbad (City) s f 8s_ 1950 10,000 ACent Agric Bank (Ger) 7s 1960 11,000 AFarm Loan sf6s 29,000 Sale Sale 1960 A O 1952 MN 44~666 100% Sale 100 J 96 Ask Sale Sale 22% M S Ask Bid 99% 99 105% . - RANGE Lowesi Feb. 28 Sale Sale J 1 Sale Sale 16 A M S !J<-7 1 a 5s stamped. - -----Readjustment 4 %-4 %s Refunding s f 4%-4%s Extl readjust 4%s-4%s 83,000 Extl s f 4%-4%. | bonds-1,000 3 %s external s f $ bonds Bulgaria (Kingdom of) 22,000 ASecureds f 7s _ ,/ F 1958 (Province of) 5,000 201,000 57,000 83,000 J 1950 fund 6s external 8s 370,000 AExtlsfg6%sofl926 294,000 AExtlsf 6%sof 1927 173,000 ACent Ry 30-year g 7s 57,000 Brisbane (City) s f 5s 7,000 Sinking fund gold 5s 33,000 20-year s f 6s_-_-38,000 ABudapest (City of) 6s. - - Feb. M S ±7.-^- ^External sinking ABrazil MN 101% 101% 98% 115 f 7s (Germany)'s/6 %s ABenin J M S External loan 5s of Belgium 25-yr I Bid (Continued) 1925---July lo 1955 1927 1957 Plxternal g 4%s of 1928 1956 AAustrian Govt s f 7s ---—1957 ABavaria (Free State) extl6^8—1945 Australia PRICES IN FEBRUARY Price Jan. 3 w exchange FOREIGN GOVT EXCHANGE—BONDS Y. (STOCK N. 20 Jan. 55 9 Jan. Jan. 20 85% Jan. 65% Jan, 6 18 5 N. Y. STOCK EXCHANGE—BONDS March, 1939] II Sales, in February BONDS Value n. y. stock exchange II FOREIGN GOV'T (Concluded) $ \ 11,000 AJugoslavia (State Mtge Bk) 7s_1957 4.0P0 A Leipzig (City) external s f g 7s_ -1947 iLower Austria (Prov) 7 Ms.---1950 51',000 aM ed ell in (Colombia) 6 Ms 1954 ^Mexican Irrigation 4Ms gtd—1943 ■6,666 a4Ms stamped assented. 1943 1,000 iMexico (U S) extern 5s 1899 £-1945 a Assenting 5s of 18Q9 2,000 -.1945 a Assenting 5s large. 5,000 a Assenting 5s small 1 a4s of 1904 1954 4,000 iAssenting 4s of 1904 1954 9,000 iAssenting 4s of 1910 large.. 13,000 iAssenting 4s of 1910 small ♦ iTreas 6s of' 13 assent (large) 1933 - *ASmall -- 120,000 Milan City (Italy) ext loan 6 Ms. 1952 Minas Geraes (State of, Brazil)— ASec extl s f 6 Ms 56,000 1958 iSec extl s f 6 Ms~ 31,000 -1959 21,000 AMontevidect (City) 7s 1952 A6s series A.. 1959 6,000 99,000 New South Wales ext s f g '5s—1957 External s f g 5s 1958 116,000 50,000 Norway 20-year ext s f 6s 1943 54,000 20-year external s f 6s 1944 External sinking fund 4Ms—1956 171,000 External sinking fund 4 Ms—1965 143,000 4s sinking fund extl loan 204,000 1963 4,000 Municipal Bank ext s f 5s_—1970 10,000 ANuremberg (City) external 6s. .1952 1953 152,000 Oriental Developments 6s. External deb 5 Ms .1958 95,000 31,000 Oslo (City) 4 Ms extl sink fund.. 1955 23,000 APanama (Rep) external 5 Ms.-1953 AExtl s f 5s ser A May 15 1963 3,000 a Stamped (assented) 1963 42,000 10,000 4,000 40.000 19,000 21,000 25,000 26,000 18,000 49,000 179,000 O F 10 % H k m 14 n Q Q Q Q 37.000 6,000 66,000 87,000 J J J J J D J D J J J J J O M S M S D mjv J s "2",666 66,000 90,000 45 45 100 F A F A M S 104 H 105 M 104 M O 103 M A 49 a1* 44 52 44 Sale 100 M Sale 71,000 105 103 M 101 100m A 101m Sale D 104 104 F A 3,000 88,000 H 1M 1M M M 1M 1M Sale 14 Sale Prices Sale Prices Feb. 25 -Tan. 34 16M Feb. 31 38m Jan. 19 Feb. 25 13 m Feb. m Jan. 14 Feb. 14 12 20 m Feb. 2 4 20 Feb. 16 Feb. 4 Feb. 17 Feb. 24 13M Feb. 14 10M Jan. m Jan. M Jan. 14 M 1M 1M Feb. 20 Feb. 4 Feb. 17 Feb. 24 1 Feb. 20 M Jan. 25 14 Feb. 24 M Feb. 2 H Jan. M Jan. 25 14 Jan. 14 Jan. 16 5 56M Jan. 9 M Feb. 1m Feb. 17 1M Feb. V: 14 Jan. 27 14 Jan. 114 Feb. y% Jan. h Feb. h Feb. M Feb. 1 10 6 6 Feb. 1 4 20 1M 102 m 20 50 Sale 53 50 M s o a j £>' j Sale 10 M 10 M Sale 99 M 101M 102 49M 44 H j 37 M 46 31 9M 9M 14 a o 103 M Sale p a 106 m 30 Sale 6m 6m 7H 7 ?B n» 35 7 j «j d A llH 18 54 M 50 102 Sale 13 M 21 18 19 8 9 63 M 60 19 15 17 18 7 Sale Sale Sale 19M 13 M 18 24M 8 Sale 7 Sale 7 10 M 8M 7 J4 7M 19 13 M Sale Sale Sale Saie 30M Sale 30 33 22 M 65M 103 M 104 103 M 103 60 i05"" 70 24 21M Sale 25 8 33 28 40 6 48% Jan. 00M Feb. 1 6M Feb. 9M Feb. 25 8M Feb. 23 814 Feb. 23 33M Feb. 24 43 M 40 Feb. 30M Jan. 27 36 m Jan. 31 Feb. 24 32 M Feb. 33 Feb. 17 35 m Jan. 33 .Feb. Feb. 7 4 9M Feb. 64m Feb. 3 9m Feb. 8M Feb. 6 6 12 Feb. 7 10 Feb. 6 9m Feb. 8m Feb. 6 6 8 Feb. 11 8 Feb. 20 Feb. 28 22m Feb. 21 19 Feb. Feb. 28 Feb. 11 Feb. 1 100 m Feb. 1 54 Feb. Feb. 20 45 Feb. 25 99 Feb. 6 50m Feb. 16 43 Feb. 2 :7 47 Feb. 27 44 46 6 46 Feb. 28 44 H 4314 Feb. 40m Feb. 4 45 m Feb. 27 41M Sale 38M Feb. 1 ----- 37 M 39 38 40 38 M 40 M ..... 45 Sale Sale Sale Feb. 27 35 Feb. 20 38m Feb. 11 51 49 . 30M 36 31 27 56 M Sale 58 Feb. 23 9 Feb. 1 14m Feb. 30 26m Feb. 14 56m Feb. 24 Sale 63 54m 102 M 102 m 101 102 M Sale 101 102 M 103 100H Feb. Feb. 72 Feb. Sale 74 Feb. Sale 63m Feb. Sale 38 Feb. Sale 31 Feb. 44 "32"" Sale 111M 105 M Sale 34 J4 46 M AW* 104 M 105 M 106 97 99 M 98 M 90 90 93 Sale 109 M Sale Sale -.... Sale Sale Sale Sale 105 M Sale 109M 115 100M 104 112 Sale 41 Feb. 7 49 Feb. 23 15m 30m 27m 59 Feb. 16 Feb. 4 Feb. 21 Feb. 63 Feb. 28 16 103 m Feb. 1 17 103 m Feb. 1 3 2 66 m Feb. 20 3 108 m Feb. 7 105 m Feb. 3 112 107 Sale 108M 107 M 10614 Sale 105m 108 104M 103 M 104 M 106 Feb. 102M Jan. 101 30 19 6M Jan. 6M Jan. 11 7 20M Jan. 6 9m Feb. 18* Feb. Feb. Feb. 69 m Jan. wy* 20 Jan. Jan. 10 9 19 Jan. 11 9M Feb. 8M Feb. 6 6 9 12 Feb. 3 10 Feb. 5 31 9m Feb. 8m Feb. 23 Feb. 20 M Jan. 22 M Feb. 31 21 i 27 28 Jan. 10 20M Jan. 27 Jan. 26 25m Jan. 7 25 9 25 Jan. 27 27 29 Feb. Jan. 33 Jan. 28 9q Feb. 25 28 100 M Jan. 25 Feb. 54 95M Jan. 49M Jan. 43 Feb. 20 5014 Jan. 16 49 J an. 25 3 10 3 Jan. 20 58 47 Feb. 42M Jan. 40 Jan. 3 46 Feb. 2 27 28 24 45 m Feb. 27 37 Jan. 17 41M Feb. 28 36 Jan. Feb. 40 Feb. 16 37 % Jan. 41 36m Jan. 36m Jan. 5 Feb. 23 43 35 49 Feb. 38m Feb. 28 Feb. 49 Jan. 3 15m Feb. 16 14m Feb. 29m Jan. 26m Feb. 34 Jan. 31 Jan. 5 11 Jan. 59 Feb. 3 55 50m Jan. 101 101 60 40 Feb. 28 10 34 m Feb, 28 7 106m Feb. 21 99m Feb. 28 93 Feb. 16 8 110m Feb. 25 14 a3214 Feb. 25 1 57 Feb. 28 16 27 10 103m Feb. 3 Feb. Feb. 100m Feb. 23 Feb. 6 22 M Jan. 25 25 Feb. 9 22M Feb. 21 28 Feb. 16 3 Feb. Feb. 11 6M Jan. 17 M Jan. Feb. Feb. 1 108 m 2 107H 106m Feb. 107M 104m Feb. 25 108 Sale 2 107 104m Feb. 9 24 Feb. 107 6 4 Jan. 71 Sale Sale Jan. 7M Jan. 81 Feb. si 57M Feb. 23 8 15M Feb. 9 1hm Feb. 25 112 19 3 24 16 9 Sale 27 7?^ .Tan. Feb. Jan. 28 Jan. 26 106m Jan. 10 30 m Feb. Feb. 7 Feb. 5 27 105 13 15 Feb. Feb. 7M Jan. 6M Jan. 7M Jan. 35 11 102m Feb. 9 102m Feb. Jan. Jan. 6M Jan. 5M Jan. 34 8 Feb. 19 1 16 Feb. 18M Feb. 27 27 16 97m Feb. Feb. 28 Jan. 14 27 Sale Feb. 14M Jan. Feb. 91M 90H Feb. 110M Sale 10814 Feb. g30 70 Feb. 105m Feb. 32 M 56 M 27 35 Sale 10m Feb. 28 10m Feb. 21 3 Jan. 3?m 75 1 7 „ 31 9M Jan. 9M Jan. 55 107 104 3 17 3 3 59 35 51 Sale Sale 50m 102 102 M 102 M 102 M 102 102 M Sale 101 101M Sale 103 Sale 101M 104 100m 40 16 38m Feb. 28 Feb. 16 i03m Feb. Sale "75" Feb. Feb. 16 59 65 66 M 60 Feb. 60M 106 m 108 Feb. 106M 104 M 105"" 105 105 M 104 m Feb. 35 50 35 Feb. Sale 36M 38 40 35 Feb. 75 41m Feb. 28 40 38 Sale Sale 39 70 40 53 16 58 Feb. 81 102 25 29 52m Feb. 28 Sale 101 % 102 7 Sale Sale 40 7 Sale 65 M 37M 7 3 Feb. Feb. 11 Feb. 25 76 Sale Feb. 27 25 29 72 97 2 23 22H Feb. 21 28 82 109 H 1 27 m Feb. 25H Feb. 2314 Feb. 2114 Feb. 77 A 1 6m Feb. 23 70 F 6 24K 79 M M 5 21 9 Feb. 72 M M S a o 23 3 40 50 Sale 28 Feb. l04 Sale Feb. 46 56 57 103 M Sale 103 H Sale 103 M Sale "73"" 70 Feb. 17 57 M 10m Feb. 28 10m Feb. 21 52 M Sale 55 30 Feb. 28 10 35"" 38M 45M 103 H 3 34 9M Feb. 10m Feb. Feb. 105 M 103 M 50 18 10M Feb. 10 32m Feb. 15 45 Jan. Feb. 34 9 33 50 41 6 15 Sale Jan. 3 Feb. 24 Feb. 17 24 Sale 7M Feb. 11 10m Jan. 10m Jan. 38 m Jan. Feb. 31 Sale Sale ----- 5 30 8M Feb. 23 8j| Feb. 23 3014 Jan. 28 Feb. 24 27 M Sale 17 4 5M Jan. 20 12M 1 Jan. 9M Jan. 7H Feb. 24 57M Feb. 23 8 15 M Feb. Sale Feb. Jan. 51 714 Feb. Feb. 17 6 20 10 102 56 10 m Feb. 10m Feb. 10 m Feb. 35 Feb. Feb. 52 m Feb. Jan. 28 28 8 8M Jan. 50 Jan. 18m •Tan. 57 14 103 Jan. 7H Feb. 23 Sale 101 9 26 105 m Jan. 43M Jan. 52 M 38 M 36 6 Feb. 28 44 Saie 37M 1 9414 Jan. 32H Feb. 40 1 714 Feb. 6M Feb. 24 43 Feb. Feb. 46 57 41 39 39 24 104 24 16 26 6 8 8M 714 2014 Sale 23M 25M §tH Feb. Feb. 52 h Feb. 7% _6m 23 29 "99" Sale" 100 52 50 M Sale ..... 30 10M 102 17 6 4 27 25 Jan. 12 105 26 103 m Jan. 26 101m Jan. 1 20m o Jan. Jan. Jan. Jan. 52 M Jan. 23M Sale 27 25 M 25 Sale 7M 103M 102M 100M 99M 17 1 18M Feb. 27 2 Feb. 27 15h Feb. 19 4 104m Feb. 24 102H Feb. 103 Feb. 24 104m Feb. 10 30 Feb. 23 30 m Feb. 24 7M Feb. 21 6 8m Feb. 7 Feb. 21 6 8m Feb. Sale 15 Sale Feb. 25 10 102 6 55 9 50 Feb. 103 Feb. Feb. 50 49 m Feb. 25 100 M Jan. Jan. 26 100 3 104 m Jan. Jan. Feb. Feb. 9m Feb. 9m Feb. 26 95 18 W/i Feb. 103 M 105 103 X Sale 30 n 35 7% Sale 7M 45M Jan. 57 55 Sale 7M 9 1 Feb. 4 Jan. 24 10 M Feb. 11M 9 11m 11m 7M 7% 7M 7k 6m Sale 19 10M Sale Sale Sale 43 M Sale 32 Sale Sale Sale 18 48 Feb. Feb. Feb. Feb. Feb. 55 9M Sale 8M Sale 8M Sale 7M Sale 6 10 m 70 1 Feb. 27 49 m Feb. 25 99 m Feb. 16 Feb, Feb. 47M Feb. 6M Sale 60 Sale Sale 1 101 57 9M 9M 9M 33 M 42 M 33 h 29 M 33 M 7 Feb. Feb. IB 50 99 m Feb. 14 3 104 m Feb. 25 7 105 m Feb. 28 17 104 Feb. 4 2 10214 Feb. 23 14 10114 Feb. 28 24 102 m Feb. 20 50 Sale 8M Sale 8M Sale 8K Sale 9 Sale Feb. 48 6 100M Feb. 14 102M Feb. 52 100m Sale 8 Sale Feb. 17 Sale 102M 104 102 H 107 35 "7 M 48 53M Feb. 20 Sale 7M 24 M 1958,/ d 1947 f 4 6m 17 1962 mn 1962 mn Feb. 10M Sale 20 o Sale 50 50 39M 33 M Sale 32 Ji Sale 21 a 3 55 35 Sale 55 o d 20 7M Jan. 7M Jan. 55 Sale a d 47 M Feb. 6 49 % Sale m s n 1 Feb. 50 Sale 10 M 55 14 M mn Sale 6M Sale 9M HM 9M Sale O j 7 11 o a 5M 60 Sale 54M Feb. 7M Feb. 24 714 Feb. 20 Sale 97 M 9814 99 M 97 M 104 104M Saie 103 105 M Sale Sale 10314 104 Sale Sale 103% 102 M Sale 102 101M 101 Sale Sale 100M 102 m 102 104M 102 54 M 101M 101M mn 47M Feb. 20 Sale 45 99 M 50 M MN Sale 9 Sale 100 m 98 J 50 M 52 Sale O D A 9,000 AAlpine Montan Steel 7s ...1955 M S 392,000 Amer & Foreign Power deb 5s 2030 M S 10,000 American Ice s f deb 5s 19531,/ D 223,000 American I G Chemical 5 Ms 1949 MN 137,000 Amer Internat Corp conv 5Ms- -1949',/ J Amer Tel & Tel— I 337,000 20-year sinking fund 5Ms 1943 MN 3 Ms debentures 393,000 -1961IA O 481,000 3Ms debentures.. 1966'J D 7,000 Am Type Found s f debs 2M-5s -1950 J J 56,000 Amer Water Wks & El 6s ser A. 1975 M N 10 Sale Prices 9 mn a5s stamped 30. 1 45 Sale Collateral and convertible 5s_ .1949 ACollateral & convertible 5s__l950 see page 10% Feb. % 49 53 M railroad and industrial companies AAbitibi Pow & Paper 1st 5s_.1953 j d Adams Express coll tr g 4s 1948 m s Collateral trust 4s of 1907 1947',/ d 4Ms stamped 1946 For footnotes, Sale Sale ..1968!j j 1940 a O __1945 j d ASinking fund gold 6Ms.Dec 1946ij d Serbs Croats & Slovenes (Kingdom)— . 13 1M 54 M S o 1950 1998 1942 30,000 Allied Stores Corp deb 4Ms. 1950 28,000 4Ms debentures. _; 1951 313,000 Allis-Chahners M'fg conv 4s.--.1952 20 IM Sale 1936vr j 1950 j j 1956 m s Allegh & West 1st g guar 4s 47",666 Allegh Valley gen gu 4s 2 H 18M 100,000 11,000 Adriatic Elec Co external 7s 1952 5,000 Ala Gt Sou 1st cons 5s ser a 1943 15,000 First cons 4s series b 1943 2,000 Albany Perforated Wrap Pap 6s. 1948 11,000 6s with warrants assented1948 9.000 Albany & Susq 1st guar 3 ms 1946 162,000 Allegheny Corp coll tr conv 5s..1944 107,000 102M Sale" 1955 F a 100 h Sale" 55,000 Taiwan Elec Pow 5 ms 1971 j J 52 H Sale 69,000 Tokyo City loan of 1912 5s-_.'.:1952 m s 49 Sale 41,000 External s f 5Ms guar 1961 a o 51 55 M 58,000 AUruguay (Rep) external s f 8s__1946 f A 46 42 10,000 AExternal sinking fund 6s 1960 mn 43 M Sale 10,000 AExternal sinking fund 6s 1964'mn 40 51 9,000 3m-4-4h% (s bonds of 1937) External readjustment. 1979 mn 39M Sale 223,000 3m-4-4m% ($ bonds of 1937) External conversion 1979mn 41 13,000 3m-4m-4si«% extl conv 1978 j d 37 39 21,000 4-4m-4Ms external readj 1978 F a 41 Sale 31,000 3 Ms external readjustment 1984 J j Venetian Prov Mtge Bank 7s 1952 a o 58 ~5~666 AVienna (City of) 6s 1952 mat 3,000 a Warsaw (City) external 7s 1958 f a 39 48,000 4ms assented 1958 f a 31.. 42,000 Yokohama (City) extl sf6s 1961j d 55 M 57 M 130,000 56,000 30,000 97 M 98 Sale F -.1957imn 6,000 4Ms assented 2,000 ASilesian Landowners Assn 6s 1,000 Sydney (City) s f g 5 ms 34M Feb. 18 16 M Feb. i 9M Sale J a a7s series b sec external ASilesia (Prov) extl sink fund 7s_1958 1 Highest K (State of)— ... 11m 11 1M 1m 54 h 7M 7M 99 H 1952'mN a8s secured external Sale Prices 34 Feb. 10 23 h 55"" "Sale" O a6s extl dollar loan. ASec s f g 7s__-__. 267.000 ASaxon State Mtge Inst 7s 78,000 m H in % M A 1953'j i f a^ifc 36M 20 1M 1m 2M M F ARhine-Main-Danube deb 7s ser a '50 m S ARio de Janeiro (City of) 8s 19461 a o AExternal sec 6ms —..1953./? a Rio Grande do Sul (State of)— a8s extl loan of 1921 1946 a o a6ms extl secured 8 — 8 A 1958 1968 *a8s extl loan of 1921 a8s external a7s extl water loan.. Lowest Highest J A 1947 a 1950 j _ San Paulo Sale 9M J J 1961'a o a8s extl secured s f._ Ask Bid 33 W* Lowest 23 D s APorto Alegre (City of) 8s__.—1961 AExternal loan 7 ms 1966 Prague (Greater City) 7ms 1952 APrussia (Free State) ext s f 6Ms 1951 ASinking fund gold 6s. —1952 Queensland (State of) ext s f 7s. .1941 25-year extl s f 6s.--.Feb 15 1947 Feb. 28 23 23 MN 23.000 a6s extl sinking fund gold 19681jr 133,000 a7s extl loan or 1926 —1966 m 56,000 a7s Municipal loan 1967'«/ 21,000 Rome (City) external s f 6ms-.1952ia 70,000 ARoumania (Kingdom of) 7s 1959 f 40,000 AFebruary 1937 coupon paid _) 1,000 25,000 Bid 33 40 MN J d ASaarbruecken (City) s f 6s Sao Paulo (City of)— Ask 38 1 D 1960 j 1940 Feb. 1939 A J RANGE SINCE JAN. PRICES IN FEBRUARY Jan. 3 Bid A 1947 m .1959 m 63,000 APernambuco (State of) 7s 15,000 APeru (Rep) Sec s f g 7s ANational loan ext s f 6s 201,000 ANational loan ext s f 6s 97.000 6,000 Apoland (Rep of) g 6s. as ta biliz loan 7s of '27 6,000 AExternal s f 8s 28,000 4Ms assented 15,000 4 Ms assented 11,000 Price 21 72 74 63 38 29 52 4 105 m Feb. Jan. 35 Feb. 16 30 27 28 4 5 28 .Tan. 26 Feb. Jan. 23 26 Jan. 10 Jan. Jan. Jan. 48m Jan. 17 23 27 75* Feb. 83 Jan. 72m Jan. Feb. 40 5 20 3 Jan. 4 Jan. 52 10 106 M Jan. 3 99 h Feb. 10 21 39 Jan. 17 93 25 110M Jan. 5 40 Jan. 28 57 Feb. 102 .Tan. 101 Feb. 10 102m Jan. 9 102 m Feb. 100m Feb. 10 104m Jan. 3 112m Jan. 5 108 m Feb. l05m jan. 105m Jan. 27 107 H Feb. 104M Feb. 25 111m Jan. 7.107 Feb. 102m Jan. 111m Jan. 5 19 20 23 108 m Jan. 40 Jan. Jan. 17 104 Jan, 16 104 m Jan. 66 m Feb. 27 17 108 M Feb. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 103M Jan. 97 89 66 16 104 26 28 3 5 Vi, N. Y. STOCK CO Sales in Value •>* £0 BONDS February EXCHANGE—BONDS PRICES IN FEBRUARY Price 1939 Feb. Bid 259,000 Anaconda Cop Min s f deb 4Ms-1950 A O Anglo-Chilean Nitrate— 12,000 ^Sinking fund income deb 1967 Jan 16,000 JAnn Arbor 1st g 4s__ July 1995 Q J 4,000 Ark & Memp Bdge & Term 1st 5s '64 M S 456,000 Armour & Co 4s s f ser B (Del) 1955 F A 172,000 1st M s f 4s ser C (Del) 1957,7 J Atcbinson Topeka & Santa Fe— 389.000 _ _ 9,000 134,000 3,000 22,000 1995 A O ^Adjustmentg4s-._-July 1 1995 Nov ^Stamped 4s July 1 1995 MN Conv g 4s of 1909 1955 J D D Conv g 4s of 1905 1955 D Conv g 4s of 1910 I960 D Conv deb gold 4 Ms 1948 J Rocky Mtn div 1st 4s A 1965 J Trans-Cont Short Line 1st 4s gl958 Cal-Ariz 1st & ref 4Ms ser A. 1962 M S At! Knox & No 1st g 5s 1946 J D J Atl & Char Air Line 1st 4Ms A__1944 J 1st 30-year 5s ser B— -1944 J J Gen g 4s . . 244",6 00 108",000 78,000 _ 24,000 62,000 Atl Coast L 1st cons July 1952 1964 1945 1952 1948 4s_ 31,000 General unified 4 Ms series A_ 3»,00o 10-year coll trust 5s—May 1 32,000 L & N collat gold 4s.___Oct., 164,000 Atlantic & Danville 1st g 4s 33,000 _ 105M Sale 25 M 22,000 378,000 75,000 946,000 154,000 87,000 15,000 192,000 34,000 45,000 62,000 16,000 16,000 98 M Sale Sale 107 % 87 % Sale 89M 91H 92% 87 M 100 % 90 M Sale 88 101 108 M llo" 108 % 112M 86 97M Feb. 15 1 39M Feb. 28 98 Feb. Feb. 7 ~ Jan. 16 98 24 97% Jan. 27 Jan. 11 98M Feb. 24 98M Feb. 27 26 7 28 91M Feb. 28 92M Feb. 9 94M Feb. 2 99M Feb. 20 102 110 Sale 109 Va 110M 107M Feb. 109 Feb. Feb. 6 110M Feb. 25 109M Feb. 25 110M 92 106M Jan. 86M Jan. 87M Jan. 92 M Feb. 91M Feb. 7 4 6 12 28M Jan. 25 Jan. 25 Sale 68 70 Feb. 1 68 J J 31M 51% J Sale 32 % 55 M Sale 22 H 36M 30 53 104 M 17M 75M 101 102 iooM Feb. 10 41M 32M 35M Sale 55 M Sale 104M 26 M 21 72 M 67 Sale 37 Feb. 2 Sale 32 Feb. 6 52 Feb. 101 37 M 101 60 Sale 25 103 M Feb. 21M Feb. 10 23 104 % Feb. 23 Feb. 22 Feb. 3 102 Feb. 1 58 M Feb. 1 59 M Feb. 1 Feb. 58 O 56 Sale 51 Sale A O 56 M 19 Sale 51 Sale 50 Sale 58 101M 101 Sale 49Vs Sale 50M Sale 49M J D 20 % Sale 18M Sale 22 Sale 18M Sale 19 Sale Sale 19M Sale 22 H 22 M Sale D 19M 20 % 20 Sale 19M Sale Sale 18M 18% Sale 18 M Sale 22 M 22 H Sale 18M 18M Sale" 18M Sale 11M Sale 12 10 % 47 % Sale 23M Sale 22 M 23 Sale 14 M Sale 13 M Sale 18M 19M 19M 18M 18M 18M 18M 11H 11M Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 51 Sale 47 Feb. 8 49 Sale 48 Feb. 28 40 M J 20 M Sale Sale 12M 1941 M N Certificates of deposit ASo'western Div 1st mtge 5s__1950 J ACertificates of deposit 1959 J g 8* Sale 13 M Sale Sale Sale 70 J\ 37 M "35 M Sale Sale Sale 22 M Feb. Feb. 23 1 22 M 23 M Feb. 28 25 22 Feb. 28 16 Jan. 24 28 1 23 Feb. 25 16M Jan. 16M Jan. 16M Jan. 24 1 23 M Feb. 23 M Feb. 1 14 M Feb. 28 10M Jan. Jan. 19 2 3 106 Sale 1960 A O 1943 J D 28 Feb. 26 M 23 M 23 M 23 M 24 23 24 28 28 28 Feb. 28 Feb. 28 Feb. 28 Feb. 25 14M Feb. 14M Jan. 28 13 % Feb. 51 28 11 28 44M Jan. 3 52 Jan. 21 Feb. 28 43 Jan. 3 49 Jan. 23 40% Feb. 28 33 Jan. 28 40 Feb. 28 Feb. 27 34M Feb. 14 38 Jan. 19 Feb. 28 38 Jan. 4 46 Feb. Feb. 28 28 10 Feb. 3 Feb. 7 Feb. 49 38 39M Feb. 46 3 106 104 M Feb. 84M Feb. 20 87 M 89 Feb. 11 93M 6 % 5 Feb. 28 108M Jan. 20 98 M Jan. 11 101M Jan. 117M Jan. 129M Jan. 25 118M Jan. 3 132 Feb. 28 104M Jan. 84M Feb. J City Electric deb 6Ms.-1951 J 28 24 1 13 4 28 28 26 1 Sale Jan. 18M Jan. 18M Jan. 14 Sale 30 24 Jan. 28 34M Feb. 129 M 5 17 59 M Feb. Feb. 58 22 % Feb. Feb. 34 M Feb. llm 26 23 50 J Jan. 1 Sale Sale 25 102 26 58 49 Jan. Sale 102 45 Jan. 48M Jan. 17 46 100 40 100 28 28 16M Jan. 34 ~98M 16 26 105 M Jan. 11 22 % Jan. 47M Jan. 39 % J Jan. 28 38 J 21 41M Feb. 28 35M Feb. 28 56 M Feb. 25 28 37 Sale 103M Jan. 16 3 24 28 35 104 M 87 M 52 Jan. Jan. 22% Feb. 22% Feb. Sale 107 K J 85 M Jan. 86 1 1 Sale J 7 89M Jan. 27 109 6 110 26 25 Jan. 72 A 58 M 59 M 41M Feb. 28 35M Feb. 28 56 M Feb. 25 5 33 M Jan. 6 68 Jan. Jan. 4 Feb. Sale Jan. Jan. 77 69 35 90 25 102 10 100 M 25 110M 10 23 MN 13 23 Feb. 75M 77 16 Jan. 2 75 70 Sale 63 M Feb. 73 Feb. • Jan. 95 Jan. 87M Feb. 66M Feb. 78 71 95 23 24 MN 9 20 23 4 10 63 M Feb. 73 Feb. 2 7 Feb. Feb. 85 M Feb. Sale 15 28 91M Jan. Feb. Sale 65 4 91 26 Jan. 86 Feb. 27 30 88 Jan. Jan. Sale 92 28 109M Feb. Jan. 107M Jan. Sale Feb. 7 92 Jan. 64 M 90 Feb. 23 17 13 6 26 109 86 93 M Jan. 99M Jan. 98M Jan. 110 85 "92~~ 96 89 101H Sale 100M 103 5 98M Feb. 27 2 88M Feb. 9 92M Feb. 91M Feb. 20 89 Jan. 3 25M Jan. 39 M Feb. 28 98M Feb. 1 109M Feb. 91 Feb. 107M Feb. Sale Prices 24 106 21M Feb. 27 30% Jan. 26 Sale 13 % First & ref 5s series C._ Belvidere Del cons gtd g 3 Ms ADeb sinking fund 6Ms_-_-__1959 F Boston & Maine 1st 5s ser D 27 M 30 28 A A O J J A O A O J D AC-11967 M S MN A O F A 27 M 106 h 101M 100M 106 M 28 % 28M 27 M J &* MN 108 M MN J 22 Feb. Feb. Sale 99 % 106 M Sale 101M Sale 102M Feb. 99M Feb. Sale Sale Sale Sale 50 Sale Sale MN 106 % 103 M Sale Sale 65 82 Sale Sale 1944 J Collateral trust Sale 75 MN J 55 D "mi 89 M Sale Sale 99 H Sale 99 M 100M 94 M Sale 44 % Sale 91 90 Sale 52 ..1945 MN 1959 A O 12 M 6 Sale 9 Sale 4M 10 M 6 4M 5M 9 11M 1 7 M 14 4M , 99M 103M 7 65 106 78 93 Jan. Jan. Jan. Jan. 23 Jan. 105M Feb. 111M Jan. 8?M 20 14 16 Feb. 28 12 108M Jan. 6 106M Feb. 26 Feb. 82 31 28 4 99 Feb. 28 108M Jan. 4 112M Jan. 14 30 28 26M Jan. 25M Jan. 7M Jan. 26 34 % Feb. 30 M Jan. 12 10 Jan. 3 Jan. 7 25 17 17 20 Feb. 28 Feb. 28 70 Jan. 3 8M Feb. 28 7 Feb. 7 68 40 Feb. 27 38 Feb. 10 41 Jan. 3 52 Feb. 4 Jan. 25 2 96M Feb. 14 49 92 Jan. 3 53 H Jan. 96 M Feb. 14 1 94 Feb. 14 Feb. 1 115M Feb. 16 20 115M Feb. 4 1 1 '■ 119M 2 119M 1 118M 4 116 M 3 115 27 124 2 82 Feb. 21 Feb. 16 Feb. 25 9 Feb. Feb. 28 Feb. Feb. 7 15 99M Feb. 1 114M Feb. 7 6 20 24 100M Feb. 21 94M Feb. 10 21 Feb. 11 28 107% Feb. 6 91M Feb. 9 11 27 Feb. 27 40 52 3 90M 114M 114M 117M 6 Jan. Jan. 96 M Jan. 27 116 Jan. 3 116 Jan. Jan. 118M Jan. 26 119M Feb. 6 119M Feb. 116M Jan. 30 118M Feb. 25 Jan. 3 116M Jan. 27 115 Feb. 3 124 Feb. 28 115 113M Jan. 122M Jan. 79M Jan. 97M Jan. 112M Jan. 98M Jan. 91M Jan. 40 Feb. 105 Jan. 88M Jan. 52 Feb. 27 10 19 20 21 16 19 82 M Jan. Jan. 7 21 23 Feb. 20 Jan. 20 3 100M 11 114M 9 100M 3 94 M Feb. 3 40 Feb. 11 20 107 28 92 % Feb. 11 27 52 9 Jan. 18 Feb. 27 91M Feb. 17M Feb. 24 87 Jan. 27 9 16 Jan. 25 91M Feb. 19M Jan. 24 10 32 Feb. 10 32 Feb. 10 32 Feb. 10 Feb. Feb. Feb. Feb. 15 9H Feb. 6 Feb. Feb. Feb. Feb. 15 3 14 12M Jan. 6 M Jan. 6M Jan. 10 10 5 M Jan. 26 Sale 5M Sale Sale 8M 4M 4M 7M 9 8 5 Feb. 15 14 5 Feb. 3 10 8M Feb. 28 8M 4M 4M 7 M 8 18 6 7 J an. 5 5M Jan. 26 16 15 "4"M 8 98 M 65 7 M 14 16 8 Feb. 8 Jan. 101 97 Jan. 28 107 Jan. 70 Feb. 20 70 Jan. 21 Jan. 4 Feb. 15 109M Jan. 15 Feb. 17 103 Feb. 6 L10M Jan. 6 110M Feb. 23 104M Jan. 11 IllM Jan. Feb. 7 27 28 28 % Jan. ■22% Feb. 15 39M Jan. 26M Jan. 21 Feb. 24 24 Feb. 107 Jan. 5 110 Jan. 15 5 110M 32 M Sale 23 Sale 26 Sale Sale 22 Sale 8 70 109M 103M 110M 31M 22 M 21 8 Feb. Feb. 20 Feb. Feb. Feb. Feb. Feb. 1 110M 2 104 M 6 110M 17 32 M 15 26 Feb. Feb. 24 24 Feb. 70 1 Feb. 15 Feb. 28 52 Feb. 115 Feb. 109M 108M Sale 72 M 66 69M 65M 54 M 58 M Sale 75 56 16 3 110 Feb. 75 Feb. 24 67 Feb. 17 Feb. 15 58 M 108 60 Feb. 116H 115M 80 Sale Sale Sale 76M Feb. 104 M 101M 101 M 101M Sale Sale Sale I100M Feb. llOOM Feb. 101 80M 106% 103M 72M Jan. Feb. 10 "32" 80 M 40 20 Feb. 29M 115 70M Feb. 35 5 12 28 109M Jan. 10 Feb. 79 23 38 % Feb. 16 Feb. Feb. 103 M 110M 53 107 % Jan. 28 Jan. 17 Sale 70 50 89M Feb. 104 Sale 10 % Jan. 14 32 Sale 55" 24 92 M 16 109M "75" Feb. Feb. 24 Feb. 36 Sale 72 H 16 Jan. 6Vs Jan. 47 91H 109 M 23 n 107 M Feb. 11 107 31M 9M 4M 4M 8M 15 Cent 111 Elec & Gas 1st 5s 1951 F A 110 Centra] Illinois Light 3Ms_-_-_ 1966 39 M Sale" liCentral NewEng 1st,guar4s.-1961 25 Sale Central of N J gen g 5s 1987 99 Sale General 4s 1987 106 % 17,000 Central N Y Power 3Ms 1962 74 H Sale 148,000 Cent Pac 1st ref guar g 4s__--__1949 67 M Sale 12,000 Through St L 1st gu g 4s 1954 60 M Sale 129,000 Guaranteed 5s. i960 Central RR and Banking of Ga— 54 Sale MN 7,000 5s extended to May ], 1942 11,000 Central Steel 1st sink fund 8s 1941 MiV 115 115M 79 Vi Sale 69,000 Certain-teed Prod s f g 5Ms A__1948 M S Champion Paper & Fibre— 104 37,000 S f deb4Ms (1935 issue) 1950 M S 100 1950 M S 36 28 4 115 Feb. 115M Sale 115M 115M 115M Feb. 119M Sale 118M Feb. 118M Sale 118M Feb. 118 Feb. 118M 117 115M Sale 115M Feb. 114 Feb. 114M Sale 123 M Sale 122M Feb. 81M Sale 80M Feb. 99 M Sale 98M Feb. 113 M 113 Feb. 99 M Sale" 98M Feb. 92 M 93 M 93 Feb. 44 40 Feb. 40M 106 M Sale 106M Feb. 18M 99 6 28 28 52 18M 6M 23 Feb. Feb. 89 39 103 111 72 80 109 % 103 M Sale 28 Feb. 55 Sale 14 AMobile Div 1st g 5s. 1946 Central Foundry 1st mtge 6s... 1941 M S 2,000 Central mtge 5s 1941 MS 11,000 Cent Hudson G & E 1st & ref 3 M '65 M S 28 33 M Feb. 31 M Feb. 10 92 31M 5,000 34 M Feb. 28 28 90M Feb. A "~5M 26 26 34% Feb. 28 Sale 115M 115M 114 M 114 123 M 124 80 M Sale 7M 18 Jan. Jan. 1 Feb. A iV* Jan. 24 25 1 95 Sale 25 28 7M Feb. 10 SVs Feb. 28 Sale 96 M 93 2 28 Feb. Feb. Feb. Feb. 27 Feb. 25 25 27M Feb. 1 D 10 40 106M Jan. 101M Jan. 97M Jan. 106M Jan. Feb. 3 87 M Feb. 28 Feb. Feb. 25 108M Feb. 7 4 106M Feb. 28 Feb. 1 Feb. 82 Feb. 25 1 99 Feb. 14 Feb. Feb. 28 107 M Feb. 18 7 112 Feb. 1 Feb. 10 F AChat Div. pur money g 4s 1951 AMacon & Nor Div 1st g 5s.-.1946 AMiddle Ga & Atl Div pur m 5s '47 16 Feb. F 5M 81M 107M 104 M 74M 96 M 105H 111M Feb. Feb. J 1959 40 50 117 90 2 28 107H Feb. 23 108M Feb. 1 Feb. 20 70M Feb. 10 79 35 Feb. 1 38H Feb. 14 38 Sale 31M Sale 2 Sale 115M 115M 118 % 118M 45 Sale 47 Sale Sale 106 M 87 102 Sale 91 105 M 106M 88 M 90 1 Sale Sale 37 26 Feb. 27 3 108M Feb. 3 103 Feb. 26 102 Feb. 68 95 60 Jan. 7 94 113 21 Feb. Sale 114M Sale 122 M Sale 80 M Sale 98M Sale 112M Sale 98 H Sale 91M Sale 25 68 92 M 95 M Sale 6 27 Feb. 18 108M Feb. 6 103 Feb. 75 39 M 50 J Sale 8% 69 M Sale 1954 Sale Sale Sale 1960 65 Sale O 5s equip trust ctfs Collateral trust g 5s. 40 10 11M 8 H 52 A Sale 34 % 29 H Sale 41 O 41M 87 M 107M 106 M Sale J J IVA Sale 108M 28M 27 Sale O J 7 50 111M 108 M 68 26M Jan. 14 Sale Sale 27 10 112 70 Jan. Feb. 70 U1M 109 M 28 M O 19 25M Feb. 7M Feb. Sale Sale 105 M 7M 16 17 34M 33 M 31M 8M Sale 8 Feb. Feb. 2 106 M Sale 28 22 4 106 M 106 M Sale 5 16 28 31 Jan. Feb. 20M Jan. 21M Jan. 28 28 Feb. Sale 5M 27M Feb. 28 1 27M Feb. Sale 6 O 31M 8M 50 M 108M 4 7 28 99 78M 3 10 4 Sale 81 Sale Sale 1951 M S S f deb 4 Ms (1938 issue) Sale 35 7 64,000 Canadian Northern guar 6Ms_-_1946 J J 209,000 Canadian Pac 4% deb stock J J 118,OpO Collateral trust gold 4 Ms 1946 M S For footnotes see page 30. Sale 35 Sale 28 Sale Sale 26 O 108M 73 M 55 34 M 33 M Sale MN A 28M 26M Sale 7M Sale 48 7 Feb. 132 107 Sale Sale 96 M 75 94 MN 38M 28 107 M 104 M 74 M D D 27 117M Feb. 22M Feb. 22M Feb. 19M Feb. 107 "86" J 28 Sale 82 M A Sale 28 Sale J F 25M 24 102 Vs A A 27 M Sale 117M Feb. 130M Feb. 107 M F F Sale Sale 35 MN Sale 132 Sale llH J 30 117M 107 M 115 244,000 4,000 23,000 66,000 14,000 22 M 89 46 102 M A AConsol gold 5s iRef & gen 5Ms series B ARef & gen 5s series C_._ ----- Sale 85 117M Sale 130M 29 % D 2,000 JiCarolina Central 1st gu g 4s__1949 118,000 Caro Clinch & Ohio 6s ser A 1952 5,000 Carriers & Gen Corp deb 5s w w_1950 2,000 Carthage & Adir 1st gu g 4s, 1981 43,000 Celotex Corp deb 4Ms w w 1947 3,000 ACent Br Un Pac 1st g 4s __194S 1,000 t iCent of Ga Ry 1st g 5s.-Nov 1945 85 Sale Sale MN -1956 4Ms- 35 Sale J - gold 4Ms Guaranteed gold 4 Ms 86 M 93 M 50 25 74,000 Guaranteed 93 85 O 90 90 30 O ADebentures 6s__ 1955 Berlin Elec Elev & Undgrd Rys— 17 12 Jan. Sale 115M 115M 114M Sale 118M Sale 118M U6'M 117M 41,000 91H "95" Feb. Feb. 23 M Feb. 105 85 46,000 Canadian Nat gold 4Ms_ -1957 57,000 Guiranteed gold 5s July 1969 87,000 Guaranteed g 5s_____ Oct 1969 16,000 Guaranteed g 5s 1970 45,000 Guar gold 4Ms------June 15 1955 25,000 63,000 6,000 Sale 21M Feb. 27 33 M Feb. 3 11 89 Sale 100M 103 M 109M Sale 107 M Sale 110M 113M 86 ~93M 11* - 42,000 1 Highest Sale Prices Feb. 69 76 91M 1960 FA 65,000 1st mortgage 5s series II 1955 195,000 1st g 4 Ms series J J -.1961 33,000 t iBoston & NY Air Line 1st gu 4s '55 13,000 Brooklyn City RR 1st 5s 1941 80,000 Bklyn Edison cons mtge 3 Ms 1966 1,229.000 Bklyn Manhattan Transit 4 Ms-1966 8,000 Bklyn Queens Co & Sub gtd 5s -1941 1,000 1st 5s stamped -.1941 91,000 Brooklyn Union El 1st 5s 1950 228,000 Brooklyn Union Gas Co 1st g 5s 1945 68,000 1st. lien & ref 6s series A 1947 112,000 Debentures gold 5s 1950 229,000 1st lien & ref. 5s series B 1957 117,000 KBrown Shoe s f deb 3 Ms 1950 56,000 Buffalo Gen Elec 4 Ms ser B 1981 Buffalo Niagara Elec 3 Ms ser C-1967 i5"o".66o ABuff Roch & Pitts cons 4 Ms 1957 12,000 ACertificates of deposit 14,000 *t ABurl Ced Rap & Nor 1st 5s_.1934 4,000 ACertificates of deposit 2,000 Bush Terminal Co 1st 4s_. 1952 34,000 Consolidated 5s_^ 1955 15,000 iBush Term Bldgs 1st 5s gu 1960 313,000 Calif-Oregon Power 4s 1966 97,000 Canada Sou con gu 5s ser A 1962 42,000 86,000 66,000 Sale 91M Sale 90 90 M Sale AConvertible 4Ms ACertificates of deposit PLE & W Va Sysref 4s 5,000 Alst 6Ms -.1956 155,000 Bethlehem Steel 4Ms series D..1960 Cons mtge 3Ms series E-__._1966 673,000 3 Ms s f conv debs 1952 Big Sandy Ry 1st mtge 4s .1944 82,000 109 91 91M "II ~94M Sale 108M 87M • 95 Sale 1996 M S 434,000 343",000 98 Sale iRef & gen 5s series F ACertificates of deposit ABerlin 97 98M Sale Sale Price 11 106 D 5s 1943 J 1951 J 4s stamped 1951 J Battle Creek & Sturgis gu 3s 1989 J Beech Creek Exter. 1st g 3 Ms 1951 A 124,000 Bell Telephone of Pa 1st 5s B 1948 J 20*,666 97 Sale Sale 98 M 2000 M S Toledo Cinn Div ref 4s A Sale 98 M 98 M 99 iRef & gen 5s series D ACertificates of deposit Bangor & Aroostook RR 1st 48,000 Con ref mtge gold 4s 67,000 94,000 SINCE JAN. Lowest M S J J Austin & N W 1st g 5s guar 1941 J 9,000 Baldwin Loco Works 5s stpd—1940 MN 303,000 39M 35 M 97 16M 406,000 Bait & Ohio 1st mtge g 4s_July 1948 436,000 Alst mtgc g 5s -July 1948 58,000 ACertificates of deposit 504,000 iRef & gen 5s series A «__1995 78,000 ^Certificates of deposit 305,000 iRef & gen 6s series C 1995 106,000 ^Certificates of deposit 21 31M 22 Highest Sale Prices 105M Feb. 24 97 Sale 107 H 89 Ask Sale Lowest 21 98 104 M deb 4Ms. 1939 105M 30 J conv Ask Bid Sale Sale 34 M J 1948 J 43,000 J Atl Gulf & W I SS Line coll tr 5s_ 1959 J 161,000 Atlantic Refining deb 3s 1953 M S t*AAuburn Auto 105 M Feb. 28 1 90 M 86 Second 4s 2,000 RANGE Jan. 3 N. T. STOCK EXCHANGE S/S Jan. 16 71 M Jan. 65 M Feb. 25 75 5 7 26 3 10 1 Feb. 8 17 76M Jan. 69M Jan. Feb. 28 50 Jan. 26 62 Jan. 5 Feb. 14 52 Feb. 14 54 Jan. 3 7 115M Feb. 80 M Feb. 27 115 115M Feb. 27 14 53 Jan. 11 1 76M Feb. 14 101M Feb. 28 100M Feb. 100M Jan. 14 101 M Feb. 1 81 7 101M Jan. Feb. 11 101 M Jan. 9 4 28 10 n. y. stock Makch, 1939] BONDS Value PRICES IN FEBRUARY Price 2-.2 N. y. STOCK EXCHANGE tsja. Sales in February exchange-bonds Feb. 1939 Bid 72,000 235,000 221,000 1946 1st 4s 1989 4s 1989 gold 4s Springs Valley 1st g 5s. 1941 1949 56", 000 AChic & Alt rr ref g 3s_ 1949 129,000 Chic Burl & q 111 Div 3 ms 1949 Illinois Division 4s 62,00c 1958 General 4s 352,000 1977 1st & ref 4 ms series b 86,000 1971 1st & ref-5s series a 66,000 5,000 *t AChic & e 111 1st cons g 6s_-. 1934 1951 158,000 t AChic & E 111 Ry g 5s_ ACertificates of deposit 64,000 1982 1,000 Chic & Erie 1st gold 5s 1959 228,000 % AChic Gt Western 1st 50-yr 4s. 17,000 2,000 2d 60,000 1,000 2,000 22,000 44,006 107,000 4,000 "4", 606 14,000 23,000 76,000 51,000 156,000 86,000 105 "13m 104 109 m Sale o J 98 m Sale J 103 m 99 Sale ----- 109 m Sale 99 Sale Sale Sale 102 m 98 F a 90 m Sale a 92 m 95 m Sale F Sale 76m Sale a o 98 100 Sale 97 M s mn 22 m mn 21m 80 m m s 24 j J 13 m j J 15 j J mn 10m 5m j 5m 6j* 22 m 90 Sale 14 Sale Sale 17 m i6 n Sale 8im 90 Sale 12m 15 13 m Sale 69 m 4 4m 70 6m 90 28 Sale Sale 27 Sale Sale 28 25 Sale Sale 9m 2% ii* Sale 21 41 Sale Sale 20 14 Sale MN, Sale 15 17 Sale Sale 15 Sale 6Ms----—1936 M s gold 4Ms series a 1952 ACertificates of deposit._— --AConvertible gold 4 Ms 1960 Chic s l & n o gold 5s. ^-19§1 Gold 3MsJune 15 1951 Memphis Div 1st 4s—------1951 Chic t ii & s'east 1st & ref 5s_.1960 Income guar 5s Dec 1 1960 Chicago Union Station— 19* MN j d MN "ib m Sale Sale Sale Sale 8m 7m 7m 4m 48 Sale 47 Sale Sale Sale 48 m 16 m O m ~S *ASec Sale 44 m 18 m d 19 11m 10 m 10 m 5m 8m 7m 8m 8 mn 4 9 Sale J _ d 74 j d j d 63 m 60 Sale j D 56 m Sale m s 1944 e 1943 70,000 Childs Co deb 5s 3,000 iAChoc Okl & Gulf consol 5s— -1952 33,000 Cine Gas & Elec 1st mtge 3ms-1966 1st mtge 3Ms 1967 1942 45 78 6m ?6* 49 m 62m 54 m 44 47 m Sale 105 m Sale 105 m j 105 m Sale 106 Sale m 101m 88 m Sale 102 M 89 m Sale m S A O Mn f A j d MN 88 Sale 89 75m 13 m 108m 110m 111m 100 m 101m 11m 108 m 108m Sale 86 73 m 12 110 92 88 78m 14m 7 24 14 28 96 Sale Prices 123 M Feb. 24 98M Feb. 25 Jan. 95M Jan. Feb. 28 17 99 Jan. 105 Jan. 98M Jan. 9 1 100 Jan. Feb. Jan. 21 22 M Jan. Jan. Jan. 26 21 4 15 3 16 Feb. 27 Feb. 21 28 1 16 ■8m Feb. 16 7m Feb. 11 3 8m Feb. 4m Feb. 20 17M Feb. 28 10 Feb. 9 Feb. 27 16 9 u1m 102 m 26 24 M Jan. 4 27 13 M Jan. 23 17 15 Jan. 3 12 11M Jan. 5M Jan. 12 24 13 3 6 Jan. 4 5 71 14 111 28 Jan. 28 Feb. 14 5 27 Feb. 14 14% Feb. i0 3 14M Feb. Jan. W* 28 % Jan. 28 H Feb. 28 M Jan. Jan. 12 28 5 28 5 3 M Jan. Jan. 16 16M Jan. Jan. 16 16 M Jan. Jan. 19 20 26 11 12M Jan. 11 / Jan. 11 Jan. 26 4M Jan. 27 Feb. 17 47 M Jan. 14 Feb. 23 Jan. 30 24 25 10 15 52 23 1 Feb Feb. 1 15M Feb. 28 14M Feb. 11 6 7M Feb. 10 7 Sale Feb. 10 8 Sale Sale 83 m Feb. 7 Feb. 75m Feb. 8 14 7 16 6 23 7M Feb. 3M Feb. Feo. Feb. 9 3 Feb. 23 17 75H Feb. 17 62m Feb. 15 Feb. 3 21 Sale 54 75M Feb. 17 16 3 54 Jan. Jan. Feb. 43 Jan. 26 104 Jan. Jan. 5 17 2 16 28 4 79 60 1 109% 10 15 21 110 Feb. Feb. Feb. 10 10 103 Feb. 10 Feb. 16 28 28 108 h 108m 108m Feb. 103 5 Jan. 65 28 17 102m Feb. 59m Feb. 24 Feb. Feb. 5 17 107 M Feb. 5 103 Feb. 26 91M Feb. Sale 14 9 4m Jan. 75M Jan. Feb. 17 107 Feb. 28 105M Jan. Feb. 16 100M Jan. 91 Vs Feb. 28 87 M Jan. 88 Jan. 91M Feb. 28 Sale 76 5 Jan. 8 1 107Vs 1 103 91m 91m 76 m 15 7 20 106 Sale 4 8m Jan. 9m Jan. 4 25 106 M Feb. 3 109m Feb. 63M Feb. 17 58M Feb. 28 47M Feb. 18 3 106M Feb. Sale Feb. 10 Jan. 28 Sale 88 11 Jan. 107 h 103 Sale ' Jan. 63 M Feb. 58 M Feb. 104m Feb. 108m Feb. Feb. Jan. 18M Jan. 16M Jan. 57 17 65 46m Feb. 6 28 Feb. Feb. I 5M Jan. 6M Jan. 5M Jan. 70 Sale 55 Jan. 9 Feb. Feb. 6 21 6 14m Feb. 7 Feb. 7% Jan. 7M Feb. 16 16 14 13 14 Feb. 110J4 102 m Sale 6 Jan. 5M Feb. 50 106 m 109 3 84 16 60 Sale 47 7m Sale 6m Sale 46 m Feb. Feb. Jan. Feb. Jan. Jan. Feb. 6 26 Feb. 10 28 14 m 6m 3m 75m 66 m 62 m 58m 11 99 M Jan. 93 M Jan. 26 14 14% Feb. 14m Feb. 28 50 m 15 m 8 Ill 26 12 23 81M Jan. 19M Jan. 10M 9M 11M 3M 4M 66M 5 17 14 15m Feb. Feb. Sale 15 14M Jan. 28 14 18 16 2 28 100 Jan. 25 103m Jan. Jan. Jan. 30 Jan. 26 Jan. 28 Jan. 30 Jan. 26 Jan. 23 Jan. 30 Jan. 27 28 28 97 14 116M Feb. 7 Feb. 24 21 111 22M 22M 22 M 22M 23 M 8M 2M 12M 13M Feb. 28 28H Feb. 28 28m Feb. 28 27 10 Sale Sale 5m Feb. 70 Feb. 14 Ill Feb. 1 28m Feb. 24 14 Sale *70" Feb. Feb. 9 84 Feb. Feb. 4m 63 70 14 Feb. 14 Sale 8m 5 ' 13m Feb. 9 3m Sale 72 15m 3m Feb. 24 4 4m Feb. 13 9m 9m 6m 7 9 17 Sale Sale 12m Feb. 10m Feb. Feb. 10m Feb. 3m Feb. 13m Feb. 14m Feb. Sale Sale 10m Feb. 27 9m Feb. 17 Sale Sale 15 ' Sale Sale 10m 3m 13 m 14m 13 h 17 m 54 19m Feb. 21 Feb. 11 22m Feb. 28 Sale 28 10 15m Sale 14m Sale 18 Feb. 19% Feb. 28 18m Feb. 28 Feb. 1 Feb. 1 Feb. 1 Feb. Feb. 24 Feb. 21 1 Feb. 15 104 m 107 j 28 11 a81m 24m 24m 24m 24m 26m 8m 2m % Sale 28m Sale 16m 18m 9m Sale 9 11 Ill 73 Sale" 13 4s el* 25 12 1st con gu g 5m 24 m Sale Cin Leb & n 13 % 13 m 25 Sale Sale j Feb. 12 h 111 111 MN 1st mtge 4s series d 1st mtge 3 ms series 9 Feb. 1 100 a81m Feb. Sale Sale MN Guaranteed 4s 85 Feb. 16m Feb. Sale 11m d 99 I Sale Prices 105 17 Sale 18m 7m 7 m Sale" 19 82 m 22 m 27 m j 2 97 10m 10 20 m 18m 1987 *Al5-year secured Alst & ref g 5s. 1 Highest 118M Jan. 91* Sale Sale Sale Sale 28 28 MN Sale Prices 1 123m Feb. 24 1 98m Feb. 25 ll'i Sale 26 h 24 h mat Lowest 3 116m Feb. Jan. 115m 117m 115m Feb. 7 114 108 Feb. 23 104M Feb. 104m Feb. 21 111 109 h 6 2 Sale 12 Feb. 10m Feb. 10 M Feb. Sale 98 Feb. 10 99m Feb. 28 97M Jan. 2 103m Feb. 102 m Sale 6 101M Jan. 102 Feb. Sale 3 Feb. 97m Feb. 21 99 97 Jan. 6 Sale Feb. 89m Feb. 23 91 89M Feb. 97 m Sale 96 Feb. 23 9 97% Feb. 94M Jan. 100 AStpd non payt Fed inc tax-1987 AStpd gen 4 ms non-pay inc taxl987 AGen 5s stpd non pay inc tax. 1987 AGeneral 4 Ms stamped 1987 AGeneral 4s Sale Prices Ask Sale 120% Feb. % Sale 123 98 m Sale 98 Feb. 98 m Sale 99 Sale 98 m Sale 98 Feb. 104 m 109m 104m 105m 114 111M 104 j j Highest 109 j -lx^ 1963 3Ms guaranteed — .---1951 Chicago & Western Indiana 4s__1952 203,000] 1st & ref mtge 4 ms ser d 1962 100,000 "3"66o Sale a Feb 1 1938 25% part paid—1927 6,000 177,000 X AChic r i & Pacific gen g 4s—1988 ACertificates of deposit 6,000 ♦ARefunding gold 4s 1934 A 91,000 ACertificates of deposit 53,000 94,000 20,000 Sale j May 2037 Alst & ref 4Ms stamped.May 2037 Alst & ref 4Ms ser c May 2037 25,000 AConv 4Ms series a --1949 327,000 *jAChicago Rys 1st 5s stamped 48,000 42,000 96 95 m M s 23,000 1 AChic Indianap & Louisv rf g 6s 1947 iRefunding gold 5s ser b 1947 7,000 ^Refunding 4s series c 1947 Alst & general 5s series a 1966 26",000 Alst & gen 6s series b—May 1966 32,000 1,000 Chic Indiana & Sou 50-yr 4s—1956 1969 1,000 Chic l s & East 1st 4ms 126,000 x AChic Mil & St p gen g 4s ser a. 1989 AGen g 3 Ms series b—May 1 1989 123,000 AGen 4ms series c May 1 1989 136,000 AGen g 4Ms series e—May 1 1989 82,000 AGen 4 ms series f—May 1 1989 30,000 748,000 x AChic Mil St p & Pac mtg 5s ser a 75 AConv adj 5s Jan 1 2000 410,000 1987 13,000 t AChic & No West gen 3 Ms Lowest 120 j con Feb. 28 1 Ask Bid Bid 118m J r & a Div 1st con g Warm 0 Ask 118 Chesapeake & Ohio ry— 1992 M s General gold 4ms Ref & impt ratge 3 ms ser d_. 1996 m n Ref & impt mtge 3 ms ser e_. 1996 f a 1940 J Craig Valley 1st mtge g 5s Potts Creek Br RANGE SINCE JAN. Jan. 3 9 1 70 13 M 108M 110M 100M Jan. 3 26 48 Feb. Feb. 79 4 Feb. 15 Jan. Feb. 21 110K Jan. Jan. 10 111M Jan. 4 103 Feb. Jan. 16 28 9 10 26 24 10 Cincinnati Union Terminal— 76,000 127,000 27", 660 i"29",o66 9,000 23,000 15,000 Hist mtge g 5s series c guar.-19o/ mn 1st mtge guar 3 Ms series d.. -1971 mn Clearfield & Mahon 1st gtd g 5s.l943 J j 1993 d —1993 d 1977 J ccc&StLgeng 4s General 5s series b Ref & impt 4 ms series e Cin w & m Div 1st g 4s St Louis Div 1st coll trust g 1991 J 4s_1990 MN Spring & Col Div 1st g 4s Val Div 1st g 4s w w 1940 1940 3",666 HCleve-Cliffs Iron 1st mtge 4 ms 1950 65,000'Cleve Elec Ilium 1st m 3ms—-1965 5,000'Clev & Pitts gen gu 4Ms ser b..1942 , "1,606 2,000 1942 1942 1948 Series d gu 3 Ms 1950 General 4 Ms series a 1977 Gen & ref mtge 4 Ms series b.1981 Series b gu 3 Ms Series a gu 4 Ms Series c gu 3 Ms j j j j a 322,000 77,000 129,000 2,240,000 'moo Apr 15 1952 Debenture 5s -Jan 15 1961 Columbia & Hock Val 1st ext g 4s '48 Columbus & Toledo 1st ext 4s.-1955 Columbus Ry pow & Lt 4s Commercial Credit debt J 1965 4,000 18,000 Consolidation Coal s 42 68 Sale 77 M 59 Sale 77 Y 85 56 Hj 57 Sale 69 57 69 65 Sale 64 Sale 88 100 M 93 M 55 60 62 69 h 96 88*" 96 105 m 105 m 107 m 109 m 71 Sale 96 3/ 97 M 88 93 M 28 106M Feb. 1 109 Feb. 105n»2Feb. 28 108M Jan. 1 109 Feb. 107M Feb. 3 11 65 88 68 Feb. 28 71 Feb. 1 68 77 85 55M Feb. 21 57 Feb. 21 63M Feb. 20 97 Feb. 17 59M Feb. 28 2 57M Feb. 55 Feb. Jan. Jan. 28 77 Jan. 4 23 77 M Jan. 25 23 61 Jan. 5 56M Jan. 5 57 M Jan. 28 20 4 66 H Jan. Feb. 98 13 17 63 M Feb. 96 Jan. 17 Jan. 24 Jan. 24 14 6 1C5 M J an. 109 Jan. 1 65 Feb. 98 Feb. 7 105M Feb. 16 Ill Feb. 24 106M Feb. 24 106M Feb. 28 108 9 1C5 Feb. 28 108 Feb. 9 105 90 105m Feb. 109 M 111M'109M 110M 109m Feb. 1106 M 106m Feb. 105 M 105 M. 106 m —- f 90 7 105M 4 111 24 106 M Jan. 11 Feb. 6 Feb. 24 l06*" 107" 106 108 Feb. 105 Sale Feb. Feb. 28 Feb. Feb. 28 108 9 105 Feb. 9 107 A j 108 107 104 m A J ?!* 86 86 m Sale 77 h Sale 78 h Sale Sale 71m Sale 72m Sale 102m 103 60 m Sale 43 m Sale 94 m Sale 94 Sale J j 93 109 109 Sale o A 87 m 153 m Sale 55 61 41 Sale 99 m 100 99 Sale Sale Sale 103 m 104 57 43 m 101m 101m 101m 109 m Sale 7 58 Jan. 27 63 44M Feb. 27 39 44M Feb. 27 Jan. 27 1 102 Feb. 6 92M Jan. 1 101M Feb. 6 94 Jan. Sale 99 Feb. 1 102 Feb. 24 109M Feb. 6 92M Jan. 41 109M 110M 107M 103M 102M Sale 103 106 m Sale 107 Sale 106 106 M 106 M s 108 Sale Sale 106 m Sale a o 108 Sale 107 h 109 m Sale 108 Sale 109 m 108 % Sale d j Sale 24 Feb. Feb. 10 110Vs Feb. 10 1 109M Feb. 17 Feb. 3 Feb. 16 104M Feb. 2 Feb. 24 103M Feb. Feb. 23 107 Feb. 106M Feb. 28 108M Feb. 15 2 109M Feb: 25 109 Feb. 108m Sale 109 h 80 Sale 108 Feb. 109M Feb. 9 109 1 111M Feb. 1.09 h Sale 98 m 109 m 108 m 110m 108 m 109 m 105 m 106 m 106 m Sale 105 m 106m 108 Sale 107 m 105m 110M Feb. 108M Feb. 109 M Feb 105 Feb. 106M Feb. 106 Feb. 105M Feb. 16 112m 11 108M fqb. 109 109 m 105m 105m 106 m Sale 105 m 105 m 22 13 m 13 m 13 m 50 Sale Sale 24 m Sale 16 29 m 104 10 m 20 10m 10m 10 m 58 48 111m Sale 98 M 85 m 98 m 111m 108m Sale 109 m 109 Vs Sale 105 m Sale Sale Sale Sale ----- 10 9 Feb. 25 18 Feb. 11 Feb. 21 16 105M Feb. 17 106M Feb. 2 108 Feb. 28 6 107M Feb. 27 1 2 Feb. Feb. Feb. 11 Feb. 21 10M Feb. 44M Feb. 11 19M 24 M 103M Sale 13 M 10M 10 11M Sale 20 M 24 m 104 M Sale 15 m 12 Feb. 109M 109M Feb. 109M Jan. 25 110M 1 110m 107M Feb. 1C3 Jan. 25 104 H 30 103 M 102 M Jan. 106 Feb. 23 107 106 M Jan. 107M Jan. 107 M Jan. 107M Jan. 105 Jan. 105M Jan. 19M Feb. 102M Jan. 10 Jan. 10 Feb. 11 10M Feb. 44M Feb. 20 Feb. 6 Feb. 6 Feb. 6 Feb. 24 Feb. 10 Jan. 25 Jan. 6 Jan. 12 Jan. 7 12 108H Feb. 10 109 H Jan. 27 109 Jan. 26 111M Feb. 15 27 110M Jan. 23 112 M 108M Feb. 11 108M 109 Jan. 13 109M 105 Jan. 31 106M 9 106M 106M Jan. 19M Feb. Feb. 10M Feb. 11 11M Feb. 28 7 104M 102 3 101M 3 102 24 109 M 14 Jan. 3 Feb. Sale 7 Feb. 99M Feb. Sale 5 60 1 5 104 5 11 108 m 104 102 m O 106M Jan. 102M Jan. 75M Jan. 7 106m Jan. Feb. Feb. 59 Sale J 27 14 Sale J 5 Jan. 70 Feb. 108m 103 m 102 m j Jan. 100 109 m Sale 20 80 M 104 Sale 109m 110 85 H Jan. 89 M Jan. 26 1 Sale o d 12 25 103M Feb. 104 MN J 87M Feb. 14 78M Feb. 23 6 74 Feb. Sale Sale 109 109 59 M Jan. 86M Jan. 75 Jan. 82 86M Feb. 27 2 76M Feb. 1 71M Feb. 100 106m O f 84 76 Sale Sale A a 84 76 85 88 m 1956 1960 f 5s 108M 109M 107M Feb. 65 Sale 103 m 13 m j ADebenture 4s Sale Sale ..j&j 1955 a&o 1955 ADebentures 4s ADebenture 4s "2,066 107 M 41 65 Sale 105u»2Feb. 77 60 1954 Ry deb 4s Sale j f j 1,000 F a 36,000 278,000 Consol Edison (n y) deb 3ms.-1946 a o 3Ms debentures 1948 a o 325,000 3 Ms debentures 1956 78,000 3 Ms debentures 1958 297,000 AConsol Hydro-Elec Wks of Upper Wuerttemberg 1st 7s 1956 1,000 271,000 Consolidated Oil conv deb 3Ms_1951 1,000 j: AConsolidated 105n»2 MN 3 ms.-1951 a 2ms debentures—... 1942 Commercial Invest Tr deb 3 ms-1951 Commonwealth Edison co— 1st mtge g 4s series f 1981 1st mtge 3 Ms series ii 1965 1st mtge 3ms series i 1968 Conv deb 3 Ms —1958 Conn & Passum Rivs 1st g 4s—1943 Conn Ry & Lt 1st g 4Ms -1951 Stamped guar 4Ms 1951 Conn River Power s f 3 ms a—1961 Sale o Coal Riv Ry 1st gu 4s_d 1945 A 14,000 Colo Fuel & Iron Co gen s f 5s. _ 1943 a5s income mtge 1970 a o 16,000 98,000 Colorado & Southern 4Ms ser a. 1980 M n 1952 mn 1,032,000 Columbia Gas & Elec deb 5s Debenture 5s 106 o a Sale 37 76 M S MN Clev Short Line 1st gu 4 Ms 1961 A O 70,000 Clev Union Term 1st gu 5Ms a.1972 A O 1st s f g 5s series b guar 1973 A O 154,000 1st s f 4 ms series c O 1977 43,000 133,000 1,823,000 1,000 1,000 218,000 149,000 123,000 37,000 108m 107 m 26 108 27 107 2 Feb. 18 Feb. 11 Feb. 21 Jan. 11 3 Jan. Feb. 28 H Feb. 27 13M Jan. 19 5 11 9 12 Jan. 19 52 Jan. 10 21M Jan. 27 104M Jan. 25 10H Feb. 21 5 25 10 15 10 15 49 46 50 21 10M Feb. 48 Feb. 11 21 Consumers Power co— 32,000 52,000 34,000 276,000 297,000 1st lien & unif mtge 3 ms 1st lien & unif mtge 3 Ms 1st mtge 3 ms 1st mtge 3Ms__ 1st mtge 3 ms For footnotes, see page 30. 1965 mn 1965 mn 1967 miv 1970 MN 1966 MN 107m 108 107 m Sale 108 Sale 108 M Sale Sale 104 H 108 % 107 m 109 X 107 M Sale Sale 107m 108 m 108M 109 Vs 108 m Sale 104 M 104 m Sale Sale Sale Sale Sale 108M Feb. 20 109% Feb. 1 108Vs Feb. 107M Feb. 7 109 108 Feb. Feb. 1 109M Feb. 108M Feb. 1 104H Feb. 104M Feb. 6 109M Feb. 7 Feb. 3 26 109 Feb. 3 109M Feb. 17 18 107M Jan. 106M Jan. 107M Jan. 108 Jan. 18 103M Jan. 27 18 17 7 108M 104M Feb. 18 24 N. Y. STOCK Sales in 8,000 470,000 3,000 10,000 10,000 15,000 Bid Container Corp of Am 1st s f g J D Deb gold 5s Continental Oil conv deb 2 J D J D J D Feb. Ask Sale 104 100 108 M 105 Crane Co s f deb 3 Ms Crown Cork & Seal s 6s 1946 1943 Ms.-1948 1951 1950 M N f 4s Sale Sale 106 104 M 104 M 33 % Sale 38M Sale Ms—-1942 1952 J D J J 7 Ms series A extended to 1946 J D 44 46 6s series B extended to 1946 J D 31M 36 Cuba Northern Rys 1st 5 Cuba RR 1st 50-yr g 5s Dayton Pr & Lt 1st & ref 3 Ms.-1960 A O Del & Hud 1st & ref 4s 1943 MN Delaware Pr & Lt 1st M 4Ms—1971 1st & ref 4 Ms 1st mtge gold 4 Ms 1969 1969 Denver Gas & El 1st & ref 5s—1951 - - __ 5s J 1995 Electric Auto Lite conv deb 4s__1952 5,000 Elgin Jol & East 1st g 5s 1941 El Paso & S W 1st & ref 5s 1965 J F A AO J J O S Sale 6 5M Sale 9M Sale 3M ' 4M 33 22 112 M 1I1M 111M Sale Sale A O J J J D J J F A Sale Sale Sale 105 M J 103 105 84 88 134 H 138 M 106 M Sale 138 21M A 21 A 15M Sale 23 "l4~~ Sale A O 14 106 J Sale J J 42 M 41 43 M 94 D Sale 107 60 60 95M 103 46 Sale 22 M Sale 18M Sale 20 ~l8"~ Sale 16 "IIM 23 Sale 18M 12M 12M Sale 47 Sale 94 "71M 105 100 98 M Sale 35 9M 9% Sale Sale 40 45 M __ 29,000 General Cable 1st s f g 5Ms A—1947 13,000 AGeneral Elec (German) 7s 1945 ADebenture 6Ms 9,000 1940 AS f deb g 6s 9,000 1948 General Motors Acceptance Corp—• D A J .7 7 J f D MN 106"" Sale 59 61 65 57 M 59 106M Sale 106 % Sale 257,000 10-year debenture 3s 1946 131,000 15-year debenture 3 Ms 1951 14,000 General Public Service deb 5Ms 1939 225,000 Gen Steel Castings 1st 5Ms w w_l949 4,000 | AGa & Ala 1st cons 5s Oct. 1945 *jAGeorgia Carolina & Northern— Extended at 6% to July 1 1934 4,000 6,000 AGood Hope Steel & Iron sec 7s_ 1945 171,000 Goodrich (B F) Co conv deb 6s__1945 1st mtge 4 Ms 265,000 1956 16,000 Gotham Silk Hosiery deb 5s w w_1946 Gouv & Oswegatchie 1st 5s 1942 "5~666 Grand R & I ex 1st gu g 4Ms —1941 Grays Point Term 1st gu g 5s —1947 57", 000 Gt Cons El Pow (Japan) 7s 1944 1st & gen s f g 6 Ms 59,000 -1950 Great Northern Ry— 1st & refund 4Ms series A 260,000 1961 Gen mtge 5Ms series B 153,000 1952 Gen mtge 5s series C 38,000 1973 Gen 4Ms series D 66,000 --1976 Gen 4Ms series E 40,000 1977 Gen mtge 4s series G 417,000 1946 Gen mtge 4s series H 265,000 1946 Gen mtge 3 Ms series I 67,000 1967 AGreen Bay & West deb ctfs A Alncome debenture ctfs B_ 27,000 Greenbrier Ry 1st gu g 4s 1940 "~5~ 000 Gulf Mob & Nor 1st 5Ms ser B.1950 1st mtge gold 5s series C_ 35,000 1950 Gulf & Ship Island RR— 1st ref & term 5s stpd Feb 1952 73,000 Gulf States St'l 1st mtge 4Ms_.1961 37,000 Gulf States Utilities 4s series C.1966 110-year debenture 4 Ms 10,000 .1946 122 104M 102 M 57 M 2% 1% 101 Sale 64 Sale 15M 17 15M 21M 42 J D J D 45 100 Sale 8 Sale 7M Sale 99 % 84 25 Sale 86 M J D M 39M Feb Feb 70 Sale Sale 91M 83 M Jan. 21 Feb. 1 Feb. 12M Feb. 28 Jan. Feb. Feb. Feb. 10M Jan. 13 11 16 Feb. 6 Feb. 3 9 5M 4M Feb. 17 3M Jan. 8 113 10 112M 4 Ill Feb. 40 100 98M Feb. 107Ys Feb. 4 6 2 20 Jan. 23 3 Jan. 3 Jan. 5 Jan. 5 Jan. 5 4M Feb. 17 Jan. 3 113 Feb. 4 7 112M Jan. 26 27 13 111M Jan. 23 42 Jan. 98M Feb. 106M Jan. Feb. 107M Feb. 105M Feb. 12M Feb. 110M Feb. 106 112 Feb. 20 103M Feb. 85M Feb. 105 Feb. 27 88 Feb. 16 Feb. 139 Feb. 23 139 Feb. 12M Feb. 6 2 11 107M Feb. 105 26 106 % Jan. Jan. 12M Feb. 7 101 2 Jan. 16M Jan. 110 Jan. 26 112 Feb. 103 Jan. 28 105 10 88 Jan. 85 M 139 Feb. Feb. 108% Feb. 28 105M Jan. 107 Feb. 9 106 Jan. 2 44M Feb. 1 20M Feb. 18M Feb. 24 20 Feb. 3 19 9 18 3 20 Feb. 27 12 23 139 Feb. 23 27 108M Feb. 28 20. 107 Feb. 9 18 Feb. 1 18 Feb. 27 40M Feb. 1 75 Sale 10M Feb. 20 7 90 Feb. 24 74 Feb. 101 Sale 4 Jan. 27 Jan. 47 22 M Jan. Feb. 6 24 22 20 Feb. 7 28 18M Feb. 16M Jan. 23 5 21M Jan. 18M Feb. 28 46 V*. Feb. 27 26 4 5 10M Jan. 10M Jan. 14 Jan. 3 27 14 Jan. 3 45 6 41 Feb. 25 46M Jan. 9 3 40 Jan. 31 45 Jan. 6 24 90 Feb. 24 90 Feb. 24 76 Feb. 10 Feb. 42M Feb. 90 Feb. Feb. 74 Feb. 6 104 Jan. 3 105M Feb. 5 101M Feb. 100M Jan. 98 Feb. Jan. 100M Jan. elOlM Feb. 103M Feb. 95M Feb. 102M Feb. 20 18M Feb. 12M Feb. 28 12M Feb. 28 100 97 M 91 Feb. Sale 103M Feb. 62 18 Jan. 76 Feb. Feb. 95M 103 M Jan. 19 20 105M Feb. 101M Feb. 104% Feb. 1C0M Feb. 100 43 22M Feb. 28 102M Jan. 87 M Jan. 11 100 Feb. 7 101M Feb. 20 103 M Feb. 7 4 4 9 24 10 104 Feb. 40 Jan. Feb. 63 Feb. 4 62 Jan. 7M Feb. 7M Feb. 9 Feb. 25 24 7 Jan. 95 M Feb. 20 25 104 M Jan. 21 20 40 Jan. 20 24 64 M Jan. 4 25 Jan. 4 10 Sale Sale 8M 7 Jan. 23 62 102M Jan. 8M Feb. 9% Jan. 3 Feb. 24 43M Feb. 8 17 % 1 2M M 1M 100M 102 100M Feb. 42 44 M 40M 40M Feb. 124 102 Feb. 24 43M Feb. 8 50 61 52 Sale 102M 103 M 102 M 100 M Sale 99M 52 M 53 52 56M 60 55M 52 M 58 52 106 Sale 4 103M Feb. 14 Feb. 2 Feb. 11 101M Feb. 2 Feb. 14 53M Feb. 8 Feb. 56M Feb. 21 1 1 Feb. 53M Feb. 104 M 4 17 106% Feb. Sale 103 M Feb 105 M 106 M 105 M Feb 106 M 107 20 107M Feb. 7 101 101 Sale 1 101 % Feb. 4 101M 101 " Feb. 66 Sale 9 60 Sale 59 Feb. 66M Feb. 27 14 Sale 14 Feb. 20 13 M 15M 14M Feb. 28 15M 35 100 M 100 M 72 % 70 17 M 40 M Sale 48 101 Sale 100 M Sale 90 92 M Sale 102M Jan. 99M Feb. 50 40 85 77 M 7.2 31 105 11 104M Jan. 31 55M Feb. 8 Jan. 28 45 103M 105M 100 M 57M Jan. 5 18 Jan. 6 40 Jan. 21 45 Jan. 11 100 Jan. 3 101 Jan. 26 100M Jan. 90M Feb. 11 20 6 4 105 M Feb. 17 Feb. 8 40 Feb. 8 Feb. 6 101 Feb. 2 99M Feb. 25 100M Feb. 87 Feb. 17 90M Feb. 1 99 Jan. 17 103M Jan. 80M Feb. 25 73M Jan. 64M Jan. 84M Jan. Sale 76 77M Feb. 72 Feb. 2 2 z78 102M Feb. Feb. 20 2 104M Feb. 24 94 Feb. 9 96M Feb. 28 4 87M Feb. 14 88M Feb. Feb. 4 82 83 80 Feb. 9 83M Feb. 28 Sale 99 Sale Sale 96 Feb. 2 100 Sale 78M 96 M 85M 82 Sale 87 M Sale 75 60 73 54 M Sale 77 Sale 83M Feb. 21 1 73 Feb. 79M 76 79 M 4 85 80 6M 6 16 40 49 M 18 27 100 7M 62M Jan. 59M Jan. 20 17 79 M 75 6 5 Feb. Feb. 46 4 Jan. 15Ys Jan. 14 18 Sale Jan. Jan. 11 Feb. 7 Feb. 4 Feb. 27 8 Sale 59 Feb. 17 107M Feb. 20 107% 3 101 % Jan. Jan. 27 66 M 15M Feb. Sale 60 102 Jan. 106M 106M 105M Feb. 17 105M Feb. 20 101M 102 M 104 M Sale 96 M Sale 95 M 88 M Sale 88 M 6M 100 M Feb. 40 Jan. 125 82 7M 4 M 112M Jan. 111M Jan. 110M Jan. Feb. Feb. 85 Sale •15M 14% 6M 5M 10% Jan. 4 Feb. 106M Jan. 106 M Jan. 4M Jan. Feb. 7M Feb. 79 Sale 107 M 1 Vs 104 M 101M 97 M 87 M 82 M 82 M 98 M 86 M 74 M 54 M 7M 17 Jan. 104M 105M 105M 1055A 102 120M 102 M 106 101M 102 52 M Sale 85 74 28 56 108 17 2M 1 101 85 M 46 72 M 63 M Feb. Feb. 11 103 17 % 103M 104 M S 65 108M Jan. 106M Feb. 65 15 Feb. Feb. Feb. Feb. Feb. Feb. 31 "63" 17 M 23 108M Jan. Feb. Sale Sale 62 Feb. 23 28 25 101M 101M 102 103 M 4 110 Feb. Feb. Feb. 101 64 M 10 Jan. 2 110 11 100 M 97 55 Jan. Feb. 41 93 Sale 63 44 M 36 Jan. Sale 85 52 M 73 Sale 38 26 20 39 Sale Sale 42 42 104 % J Gas & Elec (Bergen Co) 5s 1949 7 42,000 Gen Amer Investors deb 5s ser A 1952 F Sale 102 M 90 M 90 O __ 19M 100 M 101M Sale 25 103 103 87 M Feb. 75 Sale 90 40 95M Sale 55 M 27 34 106M Feb. 107 M 106M Feb. 45M 43 40 M 85 Jan. 25 4M Feb. 8M Feb. 18 36 28 4M Feb. 23 4M Feb. 18 8 7M Feb. 4 20 •31M Jan. Feb. 27 7 10 6 106 M Feb. 12 35 M Jan. Feb. Feb. 20 3 26 105M Jan. 44 9 106 Jan. Jan. 34 108M Feb. 11 106M Feb. 17 14 107M Feb. 2 9 106M Feb. 27 Jan. 104 M Jan. Feb. 20 Sale 20 M D M S 90 108M 101 "99~" 105 142 74 50 ~77% 85M 107 50 50 Sale J MN Sale 23 A 102 30. 106M 102 M J 103 M 14 Sale 139 1C2M 43 M Sale 12 104 Prices Jan; 59 102 M 105 84 M 90 41 57 108M 106M 105M 105Ys 105% 11 % Sale Prices Sale 103 M Jan. 11 105 98 M Feb. 4 100 107 M Jan. 26 109 % Feb. 20 54 14M 110M 105 M 106 M 50 75 50 95M 102 Feb. 28 105 Feb. 3 Feb. 6 106 M Feb. 18 Feb. 14 34M Feb. 28 40 Feb. 1 Feb. 25 112M 113 112M Feb. 111M Sale 111M Feb. Feb. 111M 1HM Ill Sale J MN 6M 106 Sale 12M 14% Sale 111M 1 see page Sale 105M 16 M 110 M 99 Footnotes, Sale 106 J 1956 4M Sale 102 MN 1 Highest 25 99 M 108 M 1941 J~j 60 7 Feb. Feb. 28 89 Feb. 28 28 77 Feb. 28 100M Jan. 94 Jan. 80M Feb. 25 Feb. 20 24 104 M Feb. 26 99M Jan. 78 24 10 87 M Feb. 14 93 Jan. 9 79 Jan. 27 30 85 Jan. 5 28 89 30 77 78M Jan. 94 Jan. 83M Jan. 68M Jan. 85M Jan. 26 100% Jan. 5 5 Feb. Feb. 28 7M Jan. 5 28 3 Feb. 3 21 27 77 M Feb. 69 Jan. 96 Feb. 28 109M Feb. 21 8 102M Feb. 93M Jan. 107M Jan. 102M Feb. 109M Feb. 21 10 105M Jan. 28 105"82Jan. Feb. 16 10531j2Jan. 6M Feb. 2 79M Feb. 28 Feb. 6 MN A O 70 79 M A O 67 M 70 J 75 100 O 93 M Sale O 107 M Sale 0\ 105 M A A A 1952 J 5s 4M „ 112M 112M 110M 1943 J — g 3M 24 Sale 22 (Am ended) 1st cons 2-4s—1982 Proof of claim filed by owner___ MN ACertificates of deposit AHarpen Mining 6s 45,000 Hock Val lstcong4Ms 34,000 Hoe (R) & Co 1st mtge 5,000 t*AHousatonic RR con Sale 40 D J Sale Sale 59 __ IHackensack Water 1st 4s 8 5 4M 54 1942 M S 1942 M S 7,000 Fort St U D Co 1st g 4 Ms 10,000 Francisco Sugar coll trust 6s Sale Sale 99M 100 107 % AFonda Johns & Glov ref 4Ms 1952 MN Proof of claim filed by owner. A Sale 4 M 4M 22 J 426,000 Firestone Tire & Rubber 3Ms_~l948 A * 12 40 104"' Alst & ref 5s series A ACertificates of deposit Sale' 12M Sale 12 13 % 55 100 M 95 1959 —1974 64 M Feb. 8 17 104 4 99 M Feb. 25 Feb. 10 108 M Feb. 1 109M Feb. 108 % 99M 106 M 30,000 Federal Lt & Tr 1st s f 5s— —1942 M S 5s International series 2,000 1942 M S 269,000 49,000 Sale 59 50 AFla Cent & Peninsular 5s 59 % 20 97M Sale Prices 98M Feb. 109 M 45 O Fla East Coast 1st 4 Ms Sale D 85 37", 000 109 M D MN SINCE JAN. Lowest 1 103 M Feb. 106 Sale Sale 15M 14 % Sale Prices Sale Sale 106 O 1954 Ask Highest 108 M Sale 108 Sale Sale 104 104M 105M 104 Sale 106 105M 105M 106 33 Sale 32 34M Sale 37 Sale 37 39M Sale 44 42 M Sale 40 40M 34 M 33 39M 34 39M 106 J RANGE Lowest 108 M 105 % 107 12 Sale J A First lien s f 5s stamped 1st lien s f 6s stamped-. 30-year deb 6s series B 99 M 106 M 106 % J MN 50,000 12,000 Sale MN J *A3d mtge 4Ms 1938 M S 48,666 Ernesto Breda Co 1st mtge 7s—1954 F A 68,000 Fairbanks Morse deb 4s 1956 J D 21,000 M Ask Bid 104 105 MN J 5s stamped --1965 A Erie & Pittsb gen gu g 3 Ms ser B 1940 J Series C 3Ms _..--1940 J 109,000 t AErie RR 1st con & prior lien 4s 1996 a 1st consol gen lien 4s 142,000 1996 75,000 AConv g 4s Series A —1953 29,000 a4s series B 1953 AGen conv 4s Series D 4,000 —1953 ARef & impt gold 5s ser 1927-1967 530,000 485,000 ARef & impt 5s series 1930—1975 26,000 AErie & Jersey 1st s f 6s 1955 14,000 AGenesee Riv RR 1st s f 6s__.1957 AN Y & Erie RR ext 1st 4s___1947 5,000 63 103 M 98 M 106 M 107 M J Eastern Ry M No Div 1st g 4s. 1948 A O Eastern Tenn Va & Ga 1st g 5s_1956 MN Ed El 111 N Y 1st cons g IN FEBRUARY Feb. 28 108 M 105 107 M J Gen & ref mtge 4s series F___1965 A Gen <fe ref mtge 3 Ms series G-1966 M ADetroit & Mack 1st lien g 4s—1995 J ASecond gold 4s ----1995 J 69,000 Detroit; Term & Tun 1st gu 4 Ms 1961 4,000 Dow Chemical deb 3s__1951 Duluth Missabe & Iron Range 62,000 Ry 3Ms .---1962 3,000 i* ADul So Shore & Atlantic g 5s_ 1937 71,000 Duquesne Light 1st M 3 Ms 1965 Sale Sale 109 Bid 1 107 % 101 104M Sale 107 106 M 106 M J J 1 ADes Plaines Val 1st guar 4MS-1947 M S Detroit Edison— Gen & ref 4 Ms series D____ —1961 F A 128,000 7,000 13,000 2,000 93,000 PRICES 1939 4,000 Stamped as to Pa tax 164,000 J*ADen & Rio Gr 1st cons g 4s__1936 *AConsol gold 4 Ms 10,000 1936 79,000 | iDenv & R Gr West gen 5s Aug 1955 a Assented (subject to plan) IC'3,000 iRef & imp mtge 6s ser B 48,000 --1978 t iDes Moines & Ft D 1st gu g 4s 1935 Certificates of deposit— 5,000 127,000 10,000 Price Kr > \ i »> Jan. 3 n. y. stock exchange Value $ 21,000 45,000 460,000 44,000 54,000 88,000 39,000 16,000 2,000 II BONDS February EXCHA NOB~ J J 106 J 40 1949 J J 116M 118 -.1999 J 1944 A O 65 67 36 Sale 1937 M2V1 70M 71M 60 93 % 100 94 M 108 Sale 102 M 105 77 M Sale 80 90 96 Sale 79M Feb. 28 100 77M Feb. 72M Feb. 94 Feb. Feb. 108M 109 M 108 102 % 103M 102M Feb. 105% 106 105M I18"" ll9% 120 78 4 3 5 78 Feb. 96 Feb. 28 27 4 40 74 31M Sale 68 33 34 121M 119M Feb. Sale Sale 121 Feb. 17 11 Feb. 75 Feb. 30M Feb. 34 Feb. 28 68 118 Jan. 67 Jan. 5 30M Feb. 14 4 121 Feb. 17 76M Jan. 38M Jan. 25 3 N. Y. STOCK March, 1939] Sales in BONDS Value n. t. stock exchange 38,000 Houston, Oil sink fund 5%s A—1940 225,000 Hudson Coal 1st s f 5s series A. .1962 12,000 Hudson County Gas 1st 5s 1949 260,000 Hudson & Manhat 1st & ref 5s A 1957 422,000 a Adjust income 5s Feb 1957 MN J D MiV F A Ask 83 g* 91 Sale 83 83 X 59 MN 3,000 Springf Div 1st 1,000 g Western Lineslst g4S; Sale 87 75 Sale 101 Feb. ,84* 124 86 16 Jan. 43% Jan. 11% Jan. 84% Feb. 3 3 7 Jan. 3 5 Feb. 1 20 85 Feb. 1 83% Jan. 30 84 "75" 57" 59 59"' Sale 55% Feb. 14 .59 Feb. 28 55% Jan. 56% 59% 58 54 Feb. 24 59 Feb. 18 50 Feb. 4 Feb. 18 Feb. 28 Feb. 4 54 50 53% Feb. 28 83% Feb. 4 63 Feb. 1 63 Feb. 8 46 F 54% A 54% Sale 53"" 68% Sale 65 54 Sale 84 90 Sale 63 Sale 54% 57"" Sale 53 Feb. 1 57 63% 49% 83% 63 63 Feb. 23 Feb. 10 4 Feb. 68 Feb. Feb. 8 70% 50% Sale 83% 65 Sale 53% 32% Sale 63"" 63 90 64 70 61 76 54 85 60X 65 58 Sale Sale 70 46 45% 16 18 Jan. Sale J 5 17 Jan. Sale J 3 11 111 O A 31 102% Jan. 27 36% Jan. 13 124% Feb. 13 49% Feb. Feb. 24 15 26 112% Jan. 87 10 91 84 Jan. 31% Jan. M N 1951 1953 1951 1951 1951 1951 1951 3 %s 124 Sale M N Omaha Div 1st gs3s St Lou Div & Term g 3s Gold 3 %s 101 Sale 1955 1966 .1950 ----- 8 25 11 17 111% Sale Highest Sale Prices Feb. 13 Sale 1 102 Lowest Sale 32 Feb. 14 32% Feb. 4 124% Feb. 124% 124% Feb. 2 49% Sale 46% Feb. 49% Feb. 1 15 Feb. 14% Sale 12% Feb. Ill Feb. 23 112 Feb. 111% Sale Sale X Sale Prices 102 47 112% Sale Prices Sale Prices Highest Sale Sale 44 32% Ask l| Lowest 28 Sale 101 49-999 63H99 £-999 Litchfield Div 1st g 3s Louisv Div & Tor g 3 %s Ask Bid 120 M S Refunding 5s. 40-year 4%s. Cairo Bridge gold 4s Feb. Sale 102 1951 1952 -1955 1952 1953 ------ Bid 1 34 % Sale 101% 102 13 1970 1951 1951 1951 _ Feb. 1939 75,000 Illinois Bell Telep 3%s ser B Illinois Central 1st g 4s 11,000 1st gold 3%s Extended 1st g 3%s 1st gold 3s sterling Collateral trust gold 4s 110,000 Refunding 4s 3,000 Purchased lines 1st 3 His 110,000 Coll trust gold 4s 3,000 1.000 RANGE SINCE JAN. 1 Jan. 3 £a. Bid —— 11 PRICES IN FEBRUARY Price February Z5 EXCHANGE—BONDS 60 83% 1 25 60% Jan. Feb. 24 62 Jan. 5 47% Jan. 50 Jan. 62 Jan. 24 52 Jan. 26 59% Jan. 13 4 26 71 Jan. 4 Jan. 26 54 Jan, 83% Feb. 4 Feb. 63 Jan. 13 w* 63 Jan. 3 4 13 63 Jan. 3 63 Jan, 3 60 47% "76"" 76 68 54 58 63 60 Feb. 15 65 61 70 60% Feb. 8 Feb. 15 60% Feb. 8 60 Feb. 15 60% Jan. 11 60% Feb. 8 60% Feb. 8 60% Jan. 55% Jan. 5 4 111 Cent & Chic St L & N O— vil'999 iOg.OOO 37,000 17,000 2,000 "4", 606 Joint 1st & ref 5s 4%s series C ser _ deben4%s 1940 Allseder Steel Corp 6s 1948 Ind Bloomington & W 1st 4s 1940 Indiana 111 & Iowa 1st gold 4s__ 1950 t Alndianapol & Louisv 1st gu 4s_1956 Indianapolis Union Ry— Ref & impt mtge 3%s ser B—1986 Industrial Rayon 4%s .1948 Inland Steel 3%s series D -.1961 Jlnterboro R T 1st & ref 5s 1966 84,000 96,000 677,000 15,000 Certificates of deposit 234,000 *AlO-year6% notes * 139,000 a 10-year 7% notes. 77,000 a Certificates of deposit 62,000 Interlake Iron conv deb 4s 4,000 57,000 108,000 10,000 13,000 426,000 75,000 301,000 154,000 2,000 43,000 278,000 489,000 59% 53% 104% 1963 —1963 A Illinois Steel — 10 M S J J F A J J i_1947 A O Corp 1st & coll ctf 5s— Stamped extended to 1942 MN Intern Paper conv 5s 19% 1972 MNj 1947 F A1 1952 J J 1955 F A Laclede Gas Lt ref ext 5s 69% Sale 91X 3% 52% 95 % 4% Sale 96 78 35% 90 Sale O 69 J 71 J J J D MN % 108% 104 X J J J 58% 83% Sale Sale 85 16 3% 15 14% 76 Sale 92 Sale 56 99 93 V 85 83% 80 K 90% 64% 91% Sale 67 Sale 52% Sale 54 y 96 Sale 82 32 34 3% Sale Sale 105% Sale 36% 92 A O 163 165 F A J 98 J 103 96 MN 80% 98% Sale 98 % J J 100 X Sale 102 103 F A 100 X Sale 13 X Sale Sale M S 1939 A O 1942 F 80 X 45 43 X 42 X Feb. Feb. Feb. Feb. 8 95 Feb. 27 Sale 46 45 41 46 45 75 62 H 88 87 88 X 53 Jan. 26 47 Jan. 26 104 Feb. Jan. 5 27 105 41 % Jan. 25 9 27 95 Feb. 27 67 Jan. 19 11 40% Feb. 9 32 Feb. 27 95 Feb. 66 Jan. 10% Feb. 10 95 10% Feb. 28 Jan. 9% Jan. 26 10% Jan. 21 Jan. Jan. 4 4 96% Feb. 109% Feb. 6 3 18 18 18 18 18 5 94% Feb. 96% Feb. 6 93 109 Feb. 109% Feb. 3 108 60 Feb. 70 Feb. 18 59% 36% 59% 57% 83% Feb. Feb. Feb. Feb. Feb. 67% Feb. 18 59% Jan. 24 1 59% Feb. Feb. 1$ 35 43 26 23 Feb. 15 101% Jan. 17 102% Jan. Feb. 3% Feb. 1 Jan. Jan. 20% Jan. 4 4 4 4 102 16 15 Feb. 1 13% Feb. 15 Feb. 2 76 53 83% 57 X 99% 93% 83% 95% 69% 72% Feb. Feb. Feb. Feb. Feb. Feb. Feb. 28 5 Feb. Feb. Feb. 97% Feb. 91% Feb. 83% Feb. 16 11 82 Sale 69% 72% Sale Sale 3% 54% 93 % 4 Sale Sale 52% Feb. 54% Feb. 28 93% Feb. 96 81 33 31 88 82% Feb. 85% Feb. 24 32 33 Sale 68% 66% 108% 105% 28 34% 72% 66 Feb. Feb. Feb. 3% Feb. 31 Feb. Feb. 24 28 3% Jan. 25 Feb. 1 Feb. 2 33% Feb. 9 27 70% Feb. 66% Feb. 28 Sale 107 Feb. 109 Feb. 1 Sale 105% Feb. 30% Feb. 107 Feb. 18 30% Feb. 27 21 97 95 94% 107% 108% 107 3 Feb. 9 63% Jan. Feb. Feb. 20 Jan. 16 65 20 Jan. Feb. 28 68% Feb. 37 89% Jan. 26 26 Sale 36% mi 30 Jan. 20 Feb. 3 96 Feb. 8 21 62 Feb. 24 26 25 3 Jan. 31 15 13% Feb. 11 72% Jan, 26 49% Jan. 28 Jan, 12 Jan. 27 14 11 SB 15 95 91 63 Feb. Feb. Jan. Feb. Feb. Feb. 83% Feb. 57% Jan. 56% Jan. 83% Jan. Feb. Sale Sale Sale 70 66% Feb. 18 65% Feb. 18 85 Feb. 28 14 3 15 37 Jan. 26 93% Feb. 28 52 Feb. 4 Jan. 20 20 Jan. Jan. 83% 60% 99% 94% 83% 95% 69% 72% Jan. Jan. Feb. Feb. Feb. Feb. 5 Feb. 28 11 4 3 Jan. 15 24 28 28 Feb. 16 55% Jan. 96% Jan. 16 11 5 Jan. 5 31% Jan. 30 Jan. 67% Jan. 26 85% Feb. 24 4 36% Jan. 27 35 25 71% Jan. 5 30 71% Jan 27 109% Jan. Feb. 4 107 Jan. 27 36 4 79 65 Jan. 108% Feb. 104% Jan. 30% Feb. Jan. 3 7 18 17% Jan. Feb. 17% Jan. 20 19 3 13 19 20 Feb. 3 94% Jan. 14 96 Feb. 8 Feb. 9 107% Jan. 18 Jan. 5 73% Jan. 6 27 95 Sale 105% 90 D 58 Feb. 28 11 53 Feb. 28 3 27 104% Feb. 54 50 104 102% 102 23 22 "92% 90 82 J 90 32% Sale 15% Sale 3 % Sale 13% 25 13% 17 82% Sale Sale 109 50 102 53% ~92% J Sale Sale 63% Sale 98 Sale 60 J Sale 3% Sale 17 Sale J 1942 F Feb. 107% Feb. 107 90 "72% 90 60 90 60 95 60 72 90 60 95 162 159 163 80 Feb. 99 Feb. Feb. 14 Feb. 14 165 83% Feb. 18 79 Jan. 30 Feb. 1 98 Jan. 10 100 103% 104% 105% 106% 104% Feb. 106% Feb. 23 96 96 102% 99% 102 Sale 9 102% Sale 100% Feb. 23 102% Feb Feb. 15 103% 104% 102% 103% 102% Feb. 25 104% Feb 1 100% Feb. 27 100 Sale 100 Feb. 100% Sale 103 Jan. 96 J an. Jan. 20 100 Jan. 5 102% Jan. 31 102% Jan. 100 Jan, 17 104% 10 100% Feb. 15 3 76 100 12% 80% 48% 48% 80 Sale 13 Sale Sale Sale 45 Sale 46 Sale 68 Sale 84% 86 100 9% Sale Sale 57% Sale 49% Sale 49 Sale 9% 89 % 56% 163 Feb. 100 9% Feb. 20 79 >1 Feb. 48% Feb. 48 Feb. 13% Feb. 10 2 89% Feb. 28 1 57 1 Feb. 28 163 9% Feb. 20 79% Jan. 23 5 18 Jan. 31 3 106% 20 Jan. 83% Feb. 96 Feb. Jan. 23 13% Jan. 3 89% Feb. 28 57 Feb. 28 Jan. 3 45% Jan. 42 % Jan. 43 Jan. 12 10 57% Feb. 28 49% Feb. 28 49 Feb. 28 68% Feb. 45 42% Feb. 16 57% Feb. 28 49% Feb. 28 45 Feb. 20 49 68 Feb. 1 68% Feb. 7 67 Jan. 26 86 Feb. 3 88% Feb. 15 86 Feb. 3 22% 55% 55% 84% Feb. 17 Feb. 27 Feb. 28 6 Feb. 25% Feb. 4 Feb. 14 27 9 32 Feb. 28 22% Jan. 54% Jan. Jan. 53 84 % Jan. 31 % Jan. 16 20 Jan. 13 23 Feb. 16 16% Jan. 13 23 Jan. 4 19 Jan. 20 31% Feb. 11 Feb. 28 9 RR— 5s 193 < extended at 3% to 1947 J 2d gold 5s 1941 J Lake Shore &JMich Sou g3%s—1997 J Lautaro Nitrate Co Ltd— reg.Dec 31 1975 Lehigh Coal Nav4%sserA 1954 13,000 Cons sink fund 4%s ser O 1954 6,000 Lehigh & New Eng RR 4s A 1965 10,000 Lehigh & N Y 1st gu g 4s. 1945 ALehigh Valley Coal 5s 1944 "9",65o Certificates of deposit s & refunding 5s 1954 25", 600 Certificates of deposit 1st At refunding 5s .1964 3I"6G6 Certificates of deposit First & ref sinking fund 5s_;—1974 11",606 Certificates of deposit Sec 6% no es extend to 1943 18",006 Certificates of deposit D J 25 X 54 J J 53 X A O 84% 31% ncome )r 64 Sale J Collateral trust 6s series B Leh Vail Harb Sale 66% J Sale Sale Sale 70 "95"" 95% Sale 109 60 37 J Sale Sale 59% 37% 36% 87% 105% Sale Sale 36 17 95 72% 10% Sale 67% Sale 65% 67% 40% Sale 25 M S Sale 103 Sale 23 Coll tr 6s series A... Lake Erie & Western 109 62 Sale J 1953 F I960 F Term 1st 5s 5s assented Lex & East 1st gu 5s F A Sale 54% Sale 33% 55 X 92 F A 34 75 88 67 88 Sale 23% Sale 58 Sale 7 88 89 55% 58% 83 85 30 25 34 75 23% Sale 56% Sale 55% Sale 85% 84% 35 31% Sale 16 60 58% Feb. 20 85% Feb. 24 Feb. 35 9 4 9 Jan. 5 25% Jan. 3 Feb. 14 90 60 58% Feb. 20 65% Jan. 7 35 Feb. 28 50 20 22% 20 Feb. 23 'l9' Sale 18* 19% 17 Feb. 22 "17" Sale 19 20 16% Feb. 19 49% 30 Feb. 10 49 Feb. 7 20 26% Feb. 16 17 A J J 1954 F A 22% 24% — 74% 49% 50 50 58 40 50 50 Sale 40 51 Sale Sale 18% Sale 12 47% 44% 20% 20% 20% 20% 21% 49 J 46% MN 19 MN MN 19% 19% 19% MN 24 Sale MN 19 A O 50 66 1941 A O 19 18% 20 *20% 50 22% 19% Sale 22 21% 57% 74% 75 Il2"' Sale 113'" Sale 129% Sale A 129% 127% D 109 Sale A O F J F A 98% Sale J D 53 Sale F A A O 60% 64 Feb". 17 16% Jan. 17 31% Feb. 11 "30" "Feb". Si* Sale 10 Feb. 6 Jan. 3 50 49% Sale Sale 21% Sale 23% Sale 62% 47% Feb. 17 48% Feb. 27 50 6 48% Feb. 48% Feb. 27 Feb. 8 21 Feb. 2 20% Feb. 28 Feb. 21 Feb. 27 17% Jan. 18% Jan. 18 Feb. 7 8 21 Feb. 27 18 21% Feb. 23 Feb. 28 18 Feb. Feb. 6 17 51% Jan. 27 8 50 7 7 30 50 Jan. Feb. 28 21 20% Feb. 28 27 21 Jan. 6 21 Feb. 8 19% Jan. 24 20 Feb. 2 22% Feb. 27 9 21% Feb. 20 Jan. 9 57 Feb. 8 58 Feb. 7 57 Feb. 8 10 115 112 Jan. Feb. 27 22% Feb. 27 Feb. 9 7 Jan. 26 6 129% Jan. 128% Feb. 127% Jan. 26 129% Jan. 7 110% Jan. 108 Jan. 20 IYA Feb. 75 Il5"" 114% Feb. Feb. 28 128% Feb. 129% Feb. 1 128 129 109 Sale 108% 110 104 99% 100 101% Sale 99% Sale Sale 53% 52 107% 108 60% 68 60% 75 108% Feb. Sale 47% Feb. 48% Feb. 18 128% Sale 128% Sale 115 40 19 18 Sale 128 MN Feb. 33% 44 J 1965 A O 36% Sale J ^ 17 29% 40 J MN Sale 22% 22% 1953 1950 68 64 86% 31% F ...- Long Dock Co 3%s ext to. For footnotes, see page 30. MS A 46,000 Liggett & Myers Tobacco 7s.'—1944 47,000 5s 1951 30,000 Liquid Carbonic 4s conv debs 1947 Little Miami gen 4s series A 1962 229",066 Loew's Inc s f deb 3 %s_ -1946 34,000 Lombard Elec 7s series A 1952 10 Lone Star Gas 3%s debs— J F Leh V (N Y) 1st gu g 4%s -1940 4,000 4 %s assented 1940 147,000 a Leh Val (Pa) gen con g 4s.___.2003 116,000 A 4s assented 2003 49,000 a Gen cons 4%s__ .2003 45,000 a 4%s assented 2003 14,000 a Gen onsol 5s 2003 19,000 a 5s assented 2003 2,000 Leh Vail Ter Ry 1st gu g 5s 1941 Sale A Coll & ref 5%s series C_ Col & ref g 5%s ser D a 85 J 5%s extended to. 1941 Koppers Co 4s series A 1951 33,000 Kresge Foundation coll trust 4s_1945 32,000 3%s collateral trust notes 1947 t Kreuger & Toll class A— 144,000 a 5s Uniform ctfs of deposit..1959 "9,000 82 88 % 67 J 250",000 Kinney (G R) 16",666 Sale Sale 94 % Sale 1961 J Plain. 1st mtge Sale 35 1990 A O 1936 A O 4%s unguaranteed .1961 Kings County Elec Lt & Pow— Purchase money 6s 1997 Kings Co Elevated 1st g 4s 1949 Kings Co Lighting 1st ref 5s 1954 1st & ref 6%s .1954 a Sale Sale Sale 75 1947 J 1955 m s: series A Refunding 6s series A Int Rys of Cent Amer 1st 5s B First lien & ref 6 % s Internat T & T deb g 4%s Deb gold 5s__ X Iowa Central Ry— 99% 94% 10X 101 % 102 54 % 99 % . 78,000 63,000 Sale Sale 3% 7% ----- 90 19 % 1941 A 1950 239,000 Ref & Imp 5s April 1950 102,000 Kan 1960 City Term 1st 4s— 101,000 Kansas Gas & El 1st mtge 4%8—1980 2,000 a Karstadt (R) Inc 1st Mtge 6s_1943 a Ctfs w w stpd (par S645) 1943 ~i",66o a Ctfs ww stpd (par $925) 1943 a With warrants (par $925) 1943 20",000 Keith Corp (B F) 1st ser g 6s 1946 3,000 Kentucky Central 1st gu 4s 1987 Kentucky & Ind Term 1st 4 %s__1961 Stamped 1961 67",666 89 "39 % 102% Int Merc Marine 1st s f 6s Ctfs of dep (Bankers Trust) 71,000 Kan City South 1st g3s__ 8,000 Sale 63 37% 59% 60 % Sale 70 qq 20 a 209,000 106,000 14,000 11,000 88 86 107% 108% Internat Gt Nor 1st 6s A 1952 J a Adj mtge 6s series A.July 1 1952 A a 1st mtge gold 5s series B 1956 J a 1st gold 5s series C 1956 J Internat Hydro El deb 6s 1944 A a 10,000 Kanawha & Mich 1st gu g 4s 240,000 95 69 59 1932 A O 1932 M S 16,000 J*aK C Ft S & M ref g 4s 64,000 18,000 88 99 % qi Sale 38 96 Int Agri | 57 56% Sale 51% Sale 52% 104% 104% 104 69% 15 63 113,000 a 1st & ref 4s— 1951 M S 27,000 James Franklin & Clearf 1st 4s_ .1959 J D 46,000 Jones & Laughlin St'l 1st M 4%s 1961 M S 1,000 10,000 27,000 Sale 55% Sale 21 Feb. Feb. 28 110% Feb. 6 2 101% Feb. 8 99% Feb. 49 Feb. 2 53% Feb. 16 107% Feb. 27 107% Feb. 25 13 115 98% Jan. 3 101% Feb. Feb. 2 56% Jan. 27 107% Feb. 49 107% Feb. 10 18 8 13 25 N. Y. STOCK EXCHANGE- BONDS 96 Sales in BONDS February 1939 1949 1949 1949 1944 Long Island unified 4s Guar ref gold 4s. 4s stampedLorillard (P) Co deb 7s — M S ! M S M S AO 5s --1951 F Louisiana & Ark 1st 5s series A_ -1969 J — A J 105 105M Unified gold 4s 1st & ref 5s series B 1st & ref 4 Ms series 1940 —2003 2003 2003 2003 - O 1st & ref 4s ser D 94 M 89 M 84 M 1st & ref 3 Ms series E Paducah & Mem Div 4s——1946 St Louis Div 2d gold 3s 1980 M S Mob & Montg 1st g 4Ms1945 M S South Ry joint Monon 4s 1952 J J MN 50,000 McCrory Stores Corp s f deb 5s_.1951 25,000 Maine Central RR 4s series A—1945 Gen mtge 4 M s series A - - - - - --I960 55,000 Feb 1 1957 58,000 Manati Sugar 4s s f 430,000 J a Manhattan Ry (N Y) con g 4sl990 a Certificates of deposit—---84,000 MN Atl Knox & Cin div g A 21,000 62,000 Lower L..2013 A 2s 4s Manila El Ry & Lt 1st 5s Manila RR South Lines 1st 1953 F 99 X "§P 84 H Sale 5,000 "72"" 71 104 M 105 M 106 70 Sale D Sale 106 M 68 D 40 46 Sale 40 M Sale J O D M S M S A O F A M S 4s a 27 M 31M 27 X 17M — ll", 660 1st & refund Ref & ext series 5s A 6M X X 28 90 M 70 M 14 M J D 40 D 26 t*aM St P & S S M 4s stpd * guar-1938 1938 1938 Alst cons 5s 34,000 *Alst cons 5s grd as to int 59,000 a 1st & ref 6s series A—— 1946 18,000 a 25-year g 5Ms— 1949 8,000 a 1st ref 5Ms series B ---1978 29,000 1 AMissouri-Ilflnois RR 5s ser A_ -1959 19,000 Mo Kan & Tex 1st g 4s 1990 137,000 Missouri-Kansas-Texas RR— 253,000 Prior lien 5s series A 1962 150,000 40-year 4s series B 1962 121,000 Pr lien mtge 4Ms ser D-___—1978 235,000 ACum adjust 5s series A Jan 1967 t AMissouri Pacific RR Co— 81,000 Alst & refund 5s series A 1,000 a Certificates of deposit 167,000 A General 4s 248,000 a 1st & ref series F 45,000 a Certificates of deposit 112,000 A 1st & ref g 5s ser G 1,000 a Certificates of deposit 177,000 a Convertible gold 5 Ms 86,000 a 1st ref gold 5s series H a Certificates of deposit A 1st & ref 5s series I 1~7~3~,666 a Certificates of deposit24,000 * a Mo Pac 3d 7s ext at 1965 ?S J J J J J J M S J J J J J D J J J J J 3 A F 1977 MN -1981 JMobile & Ohio RR— a Montgomery Div 1st g 5s—1947 16,000 247,000 A Refunding & Improv't 4MS-1977 *a Sec 5% notes 1938 212,000 6,000 Mohawk & Mai 1st gu g 4s 1991 5,000 Monongahela Ry 1st M 4s ser A.1960 Monongahela West Penn Pub Serv— 1st mtge 4Ms 77,000 --I960 6s debentures. 1965 212,000 681,000 Montana Power 1st & ref 3Ms__1966 26,000 Mont Tram 1st & ref 5s series A.1941 General & refunding 5s A 1955 2,000 Gen & ref 5s series B 1955 Gen & ref s f 4 Ms ser C 1955 Gen & r ef s f 5s ser D 1955 2000 42,000 Morris & Essex 1st gu 3 Ms Constr M 5s ser A -1955 43,000 Constr M 4Ms ser B 1955 114,000 1968 120,000 Mountain States T & T 3 Ms 1947 17,000 Mutual Fuel Gas 1st gu 5s --1941 4,000 Mutual Union Tel 5s „ A F O A 9,000 Assent warr & rets No 4 5M 8M m 2M Feb. 28 27 17 98 Feb. 85 Feb. 27 17 Feb. Feb. Feb. Feb. 98 95 110 23 7 28 18 72 72X Feb. 105M 105M Feb. 6 111M Feb. 6 72 X Feb. 15 105M Feb. 15 106 M 107 17 107 6 105M Jan. 99M Jan. 94 87 Jan. 9 129X Jan. 5 126 Feb. 9 84X Feb. 15 79 Jan. 83 Feb. 28 100 X Jan. 27 97 M Jan. Feb. 91M Jan. 87 Jan. Feb. 83 97M Jan. 13 99 X Jan. Jan. 82M Jan. 18 86 110 Feb. 6 IliM Feb. 70X Jan. 25 73 M Jan. 104X Jan. 19 105 M Jan. 3 3 Sale 21M 20 M 21M 20 M 4 • Jan. 13 26 1 30 14 27 23 8 35X Feb. 17 33 X Feb. 17 22X Feb. 20 30M 32 19 22 31M Feb. 29M Feb. 20 Feb. Feb. 3 81 Sale 101 Sale 81 88 101X Feb. Sale 28 16 21 4 7 19 28 28 25 18 5 10 80 Feb. 21 Feb. 23 110M Feb. 98M Feb. 2 111M Feb. 1 100M Feb. 18 110M Jan. Feb. 10 20 Feb. 3 X Feb. 17 8M Feb. X Feb. 90 M Feb. 10 93 X Feb. 27 7 74 M 13 43 39 28 15M 33 9M 3M 3 23 M 14 M Sale 73 6 3 28 48 X Feb. 23 48 X Feb. 23 26M Feb. 13 M Feb. 17 27 Feb. 16 10 14 M Feb. 8 12 26 M Sale 2 95M Feb. 8 74M Feb. 28 13 Feb. 6 73 Feb. Feb. 16 Sjale 2X Feb. 3M Feb. 17 Sale 7 Feb. 1 Sale 2 6X Feb. 4M Feb. 21 Sale 6 8 2X IX 6 X 5M 6M 9 Feb. Feb. 72 Sale 75 27M 94M Feb. Sale 4 1M 2 67 M 70 6 8 Feb. 9 3M Feb. 1M Feb. 66M Feb. 18 5M Feb. 28 3 6M Feb. 1 3M Feb. 2 Feb. 21 67 Feb. 2 52 M Feb. Feb. 9 Sale 50 50 Feb. 1 Sale 44 Sale 40 Feb. 46 52 X Sale 28 Sale 26M Feb. 16 23 Feb. 1 Sale 23 X 23 M Sale 21 Feb. 21 23 Feb. 21 Feb. 27 X Feb. 6 Sale 12 X Sale 11M Feb. 21 14M Feb. 1 Sale 20 19 Sale 17 M Sale 5M 18 X 17M 20 Sale Sale 20 17X 17 X 4M 17 X 16X 17 X 17X 19M 17 X 5M i9M 17 X 25 M Sale 19 17M 3M 18 M ----- Sale Sale Feb. Feb. Feb. Feb. Feb. Feb. .Feb. 21 Q* 27 1 1 S 50 M 102 M 108 M 100 M 96M 96 M 72 M 11 21 20 Feb. 6 Feb. 24 Feb. 4 Feb. 6 17 Feb. 14 19 Feb. 3 11 17 X Feb. 20 23 3 y Febl Feb. 19 1 17M Feb. 21 M2V 45 M D 105M 114 X MN 4 21 Sale 18 Feb. 10 Feb. 21 Sale Sale Sale 99 Sale 107 X 103 97 M 95 M 66 M 66 M Sale Sale Sale 97 75 79 109 Sale 107M Feb. 104 X 99 M 103 Feb. 1 105 Sale 97 X Feb. 2 Sale 99M 96 Feb. 20 96M 97X 75 70X Feb. 10 70X 79 32 M 52 95M 68 68 75 68 50 M 42 M 53 M 52 45 49 M 43 106 M 113 ----- 66 M 50 Sale Sale Sale --- 68 M 74M 35 Sale 100 98 Sale Sale 122 H 42M Jan. 26M Fen. 13 M Feb. 10 23 Feb. 16 8 28 Feb. 9 Feb. 1 109 Feb. 25 28 27 Feb. 17 Feb. 28 3 Feb. Feb. 10 5 5 Feb. 9 Feb. Jan. 19 Jan. 27 Feb. 21 3M Feb. 17 6 Feb. 9 9 Jan. 3X Feb. 18 8 1M Feb. 65M Jan. 11 4 Jan. 68 Jan. Jan. 8 Jan. 19 8X Jan. 6M Jan. 3 3 2M Jan. 4o Jan. 24 55 40 Feb. 16 51M Jan. 26M Feb. 23 21 Feb. 21 37M Jan. 32X Jan. 23 Feb. 21 34 Jan. 5 11M Feb. 21 17M Jan. 5 21 Jan. 4 Feb. 23 17X 20X 17M 16M Jan. Jan. Jan. Jan. 28 26 21M 20 X 6M 21X 20 M 21X 19 M 4X 21X 20 X 21X 20 X Jan. 18 10 17 X Feb. 17.X Feb. 4X Jan. 17M Jan. 16M Jan. 17X Jan. 16X Jan. 3 24 27 27 27 26 28 4 26 Jan. 5 6 6 Jan. 5 Jan. 3 Jan. 11 Jan. 6 Jan. 14 Jan. Jan. 4 4 Jan. 4 Jan. 3 Jan. 6 65 Jan. 18 22 18 Feb. Jan. 4 22 Jan. 25 28M Jan. 3 25M Jan. 24 34 Jan. 3 47 X Feb. 102M Jan. 18 53 3 105 Jan. 12 Feb. 9 107M Feb. 1 109 3 105 100H Jan. 96M Jan. 96 Feb. 26 20 70X Feb. 10 67X Jan. 30 52 Jan. 49 Feb. 106 X Feb. 106X 107 113 119M 115M Feb. 97 X 98 Feb. 14 42 - Sale 38 Sale 69X Feb. 30 Feb. 102 Feb. 7 1 54 Feb. 107X Feb. 7 115M Feb. 9 1 98 Feb. 4 7 14 71 Feb. 28 38X Feb. 27 16 102 Feb. 16 1 104 X Feb. Sale 104M Feb. 104M 104X 104M Feb. 24 105M Feb. 105X 8 104 X Feb. 27 Jan. 18 99M 97X 72M 67M Feb. 28 Feb. 3 Jan. 3 Jan. 30 1 M X 1M IX M M X X 106 X Sale 35 122 27 Sale 24 30 25 25 M Sale 22 28 X 23 M 3C 10 27 56 M Jan. 9 53 M Jan. 9 5 Jan. 4 104M Jan. 27 107X Feb. 7 7 115M Feb. 115M Feb. 98 Jan. 24 97 X Jan. 24 42 Feb. 9 69X Feb. 29M Jan. 27 102 Feb. lu3M Jan. 104X Jan. 104X Jan. 46 M 72 Jan. 6 38X Feb. 27 16 102 3 105 Feb. 16 Jan. 17 6 106 X Jan. 3 105X Jan. 5 11 M Jan. 12 M Jan. 12 M Jan. 30 M Jan. 3 6 Jan. 27 1M Jan. 26 1X Feb. 23 Jan. 30 1% Jan. 30 M Jan. 4 Y% Jan. 106X Feb. 28 109 M Jan. 11 ----- X Feb. ■8 65 48 X Feb. Jan. Jan, 32 17 6 8 X 6 17 27 95M Feb. 2X 2X 5H 4M 3 J I 2 14 J For footnotes, see page 30. 28 Feb. Feb. 122X 124 65 Feb. 12 50M Feb. ix X 8 74M Feb. 28 14M Jan. 3 72 45 ----- 109 X 35 93 X Feb. 3 10 ----- Sale Sale 4 90X Jan. 27 M M "in 28 Feb. Feb. ----- X 1M 89X Jan. Feb. X IX Feb. 10 28M Feb. 21 32X 52 Feb. 18 1 105 Feb. 49 Sale 102 105M Sale 4 17 52 M Feb. Feb. Sale Sale 71 72 102 104 H 105 M 8M Feb. 7 X Feb. 17 Jan. 75 53 M — Sale 30 Sale 6 28 Feb. 104 30M O 25 Sale Sale Sale 18 102 Sale Y% 108M 21 28 M 16M Feb. 23 19X Feb. Sale Sale Sale 1 75 21 104M 106 105 M M X X M 63 17 X Feb. 58 Sale 104 onl957 89 54 95 M 70M 31M 101X Sale 25X 28M 47X 104X 80 52 M 50 M Sale 18 19 79 MiV 18M 26 30 4 h Feb. 65 iFeb. 3 24 17 M -- 62 M 7 4 16 111M Feb. 18 28 100X Feb. 20 88 — 65 Jan. 96 17 8 21 35 94 M -- Sale 1 25 4 92 M Sale nx 18 M Sale 17X 3M Sale 18M ----nx 18 M Sale 17X Sale 4 17 92 X 18 % Sale Feb. 24 Feb. Feb. M M 27 M 27 X Sale 80 28 Jan. Feb. 39 85 27 Sale Feb. Feb. Jan. Feb. 42 Sale 8M 8 72 5 24 4 6 17 17/ 20 Feb. 2 104 100 IX 14 17 X 3 Jan. Jan. 103 X Feb. Sale 76 18 M Feb. 81 31 Sale 20 2 18 28 Feb. Sale 110M 94M 14 9 Feb. Feb. 87 aan. 54 M Jan. 39 Feb. 23 Jan. 1U2M Jan. 23 104 80 Sale Sale ' Feb. Jan. 10IX Jan. 1 101X Feb. 28 83 X Feb. 81 5 27 71M 50 M 31M 35M 33 X 22 X 81M 101X 83 X 20 54"" Sale 8M Jan. 29M Jan. 81 X 1 50 Sale 21M 20M 21M 20M 67 39M Jan. 46 22 20 M 6 2 18 28 Sale 22 105H Feb. 17 107 Feb. 71M Feb. 50M Feb. Sale 4M 5X 6M Sale 3M Sale IX 2 64 X 67 4M 54 105X Feb. 28 7 49M Sale 4s 83 Feb. Feb. 94 87 33 M 6M 2M 1M Sale MN D 16 14 M 26 M Sale Sale Newark Consol Gas 5s_ 1948 J 20.000 $a New England RR cons 5s guarl945 3 A Cons guar 4s 1945 3 6,000 15 100M Feb. 3 95 Feb. 9 88M Feb. 79 24 Sale 68 a "3,666 Feb, Sale 39 Sale A 4s April 1914 coupon off 1951 A O a Assent warr & rets No 4 onl951 A O 20,000 Nat Steel 1st coll mtge s f 4s -1965 J/ D 181,000 t A Naugatuck RR 1st g 4s 1954 MN 99X Feb. 16 106 Sale 12 OX 34 (j 23 109X Feb. 28 4 106 Jan. 5 Sale 73 Sale 19 % 28M April 1914 coupon on 19t7 4s April 1914 coupon off 1977 a Assent warr & rets No 5 onl977 2",000 Nat RR of Mex prior lien 4 Ms— * a Assent warr & rets No 4 on_1926 A 1,000 A 4s April 1914 coupon on 1951 A a 8X A 589,000 National Dairy Prod dob 3 Ms w w '51 MN 239,000 Nat Distillers Products deb 4 Ms-1945 MN Nat Gypsum 4Ms s f debs 1950 MN National Rys of Mexico— a 4Ms Jan 1914 coupon on_1957 a 4Ms July 1914 coupon on_1957 a 4Ms July 1914 coupon off .1957 26 Jan. 1 "92 ~ 9 M S 3 Jan. 108 83 88 3 M S A 79 28 17 1 35 3M F D 16 Feb. 7 90 M in 12,000 Nashville Chat & St L 1st 4s A--1978 F 61,000 Nassau Elec guar gold 4s stpd—1951 J 1,000 National Acme 4 Ms extended—1946 3 a I* 62M MA' Feb. 1 109X Feb. X X 33 J J 83 2 68 98 M 8 54 M J M Feb. Feb. 98 M 96 17 23 9 126 41X Feb. 27 Feb. 111 45 21 MN 122X Jan. 4 128M Feb. Feb. 85 45 40 M 103 M 103 X 103 X Sale A 1949 1980 6 28 17 28 124 15 20 94M 87 M Sale 80 Sale O 1978 Feb. 128X Feb. Sale 82 X 42 32 Sale --- 83 17 Sale 101M 83 H Sale MN 10 Feb. 70M 50 M 18 11M X 30M 16 M --- Jan. Feb. 80 Jan. 128 X Jan. itayz, 83 29M 25 36 M 31 1975 MS 4%-July 1938 „ M S 85 17 42 Sale 35 ----- J 1962 83 10 28 84 X Feb. ----- Sale Prices 27 Feb. 32 M 109 Vs 110 X 99 X 104 -1939 >—1949 gold 4s a a Feb. Sale Orices 81X Jan. 80M Jan. 85 Sale Sale Sale 81 A 45,000 83 87 Sate Prices 3 Sale 98 Sale 27 29M 81 1939 1st ext 4 Ms a Con ext 4Ms Mil Spar & N W 1st gu 4s—— 1947 M S AMilw & State Line 1st gu 3 Ms 1941 J J AMinn & St Louis 5s ctfs 1934 MJV 1 Highest 24 J MN Sale Prices 81M Feb. Lowest 88 M 84 M 104 X 105M J A 91M Sale Highest 100 M 94 X 97 M 99 X 83 M 85 i82M 108 M 111M 111 70 73M 71M 86 108 Milwaukee & Northern RR— 1,000 2,000 35,000 81M A (Sept 1914 coupon on)---1977 M S A Miag Mill Mach 1st s f g 7s.--1956 J D Michigan Central-Detroit & Bay City Air Line 4s— 1940 J J 4,000 Jack L & S gold 3 Ms 1951 M S 1st gold 3Ms-1952 MN ~~6",66o Ref & Imp 4 Ms series C 1979 J J 7,000 a Midland of N J 1st ext 5s 1940 J D a Sale 78 X 97 M 98 "80M Sale Sale 97 M Sale 4s___1939 MN 101X 87 1st ext 4s 1959 MN J lAMan G B & NW 1st gu 3Ms~1941 J 20 Marion Steam Shovel s f g 6s 1947 A O 79 90 Market Street Ry 1st 7s___Apr 1940 Q 65 51M J Mead Corp 6s with warrants 1945 MN 103 M 104 122,000 Metropolitan Edison 4 Ms ser D-1968 Met Water, Sewer & Drain 5MS-1950 37,000 *t AMet West SideElev (Chic) 4s 1938 30,000 a Mex Internat 1st 4s asstd 1977 1,000 167",660 79 84 83 M 80M Feb. 108 Feb. Sale 108 109 X Sale 106 X 105 M Feb. 105 X 106 M 106 Sale 100 4s—___1955 Austrian Hydro-El 6 Ms 1944 IO", 660 Sale 108 M M S 91M Sale 83 128M 128 M 128 X Sale Sale 126 124 X Sale 82 M Sale 80M Sale Sale 1945 Ask Ask Bid 81 128M Lou & Jeff Bridge gu g 4s Louisville & Nashville RR— Bid W* 82 90 82 108 2,000 5,000 11* IIP M £ 2,000 1,000 5,000 "2",666 91M Sale 1966 40,000 55,000 2,000 32,000 Ask 80 Lowest Feb. 28 Feb. 1 Louisville Gas & Elec 3 Ms 313,000 32,000 118,000 RANGE SINCE JAN. Jan. 3 Bid 51,000 1,000 15,000 22,000 121,000 41,000 8,000 PRICES IN FEBRUARY Price Sj-r* N. Y. STOCK EXCHANGE Value IX 1M 3 X Feb. 6 IX Feb. 23 Feb. 3 X Feb. IX X M Feb. 10 X Feb. Sale 106X Feb. 28 109 M Feb. 3 65 124X 122X Feb. 6 123M Feb. 24 Sale 22 X Feb. 23 25 Feb. 28 Sale 8 22M Feb. 27 23 X Feb. Jan. 122X Feb. 6 124 22X Feb. 23 27X Jan. 22M Feb. 27 27M Jan. 11 10 10 March, 1939] Sales in BONDS Value n. y. stock exchange O'f* 165,000 1st & ref 5s series B___ 1955 39,000 New Orleans Terra 1st 4s guar..1953 11,000 j*aN O Tex & Mex income 5s__1935 8,000 AFirst 5s series B 1954 ACertificates of deposit "4",o5o 219,000 102,000 17,000 57",555 12,000 30,000 3.000 19,555 "2,555 2,000 5,000 20,000 23,000 50,000 20,000 14,000 248,000 37,000 49,000 304,000 16,000 126 Feb. J 10SM Sale 109M 68M Sale 108 Feb, 52 M Sale Sale 103 M Sale Sale 103 M 66 M Sale *31M Sale I08M 63 67 M. 50 M 66M 53 M Sale 103 M 104 Sale 103 M 104 Sale 64 H 9 35 34 31 36M 32M 39M Sale 34M Ilo" 109" 67 M 77 M 59 M 70 Sale Sale 63 M Sale 55 M 59 M Sale 64 M Ms 67 M 34M 37 M Sale 111 111 9 103 103 Jan. Jan. 20 68 Feb. 25 65 Feb. 20 33 Feb. 10 30M Jan. 26 34M Feb. 3 30 Jan. 26 33 Feb. Feb. 7 24 33 Jan. 26 31 37M Feb. 11 24 30 Feb. Jan. 31M Jan. 33 34 Jan. 26 33 M Jan. 109M Feb. 20 109M Feb. 20 70 Jan. 55 M Jan. 3 104 M Feb. 13 104 M Jan. 3 32M Feb. 31M Feb. 28 Sale 66M Sale 63 Feb. Sale Sale Sale Sale 77 M Sale 59 Sale 65 M 69 M Sale Sale 77V» 54M 59M 63M Feb. Feb. Feb. Feb. 21 109M Feb. 20 72 M Jan. 34M Jan. 37 35 36M 35M 39 M 34 M 109M 18 5 2 6 9 Jan. Jan. Jan. Jan. Jan. Feb. 16 20 Jan. 5 Jan. 81 Sale 83 M 1 66M Feb. 28 78M Feb. 28 63 Jan. 27 70 76 Jan. 12 23 78M Jan. 59 30 61 Jan. 5 10 65M Feb. 28 69M Feb. 28 53M Jan. 58M Jan. 28 65 M Feb. 60 26 69M Jan. 28 20 3 21 Feb. 28 78 Feb. 1 2013 1998 1998 New York Chicago & St Louis— ARefunding 5Ms series A 1974 ARefunding 4Ms series C-.--1978 55 Feb. 17 59 Feb. 28 69 Sale 64M Feb. 60M Feb. 21 69 Feb. 28 16 63 % Feb. 8 60M Feb. 51M Feb. 2 Feb. Sale Sale Sale 66 M 75 64 M 66 Connecting 1st gu A O m 5 1946 F 4s collateral trust 1st mtge 3 Ms extended to A 1947 4MS A..1953 1st gtd 5s series B N Y Dock 1st 74 . Sale 59 Sale 51M Sale 78 74 M 76 78 84 M 84 M Sale 104 H 106 M 59 M 54 49 53 1953 Purchase money coll tr g 61M 53 M 105" 1951 1947 .1965 107M 108 108 M Sale —1966 124 Sale 117M Sale .1946 MN 14M 18M .2000 MN 97 a. .1973 MN 50 99 M 68 M 99 M 50 __ .1973 Guar 4 Ms series B Coal & RR 5Ms .1942 .1943 ADock & impt 1st 5s n Y & Long Branch gen 4s— .1941 anyleltw J J m S 33 50 MN A ANon-conv debenture 4s ANon-conv debenture 3 Ms. ANon-conv debenture 3 Ms. - .... O O ANon-conv debenture 4s .1954 A .1955 J ANon-conv debenture 4s .1956 MN - AConvertible debenture 3 Ms. 1956 J AConvertible debenture 6s— .1948 J 1940 A ACollateral trust 6s J J j ADebenture 4s O Alst & ref t aN Y Prov & Boston gen 4s. _ .1942 A 1993 a n Y & Putnam 1st con guar 4s _ o o N Y & Queens El Lt New York Railways 1963 J Ms 8 4 65 M 104 90 101 h 12M J j A 9 1940 F A 5M M S " A o B C D Jan 2047 2047 2047 2047 2047 1st mtge 4s 1st mtge 3 Ms Oklahoma Gas & Elec 3 Ms 36,000 4s debentures 37,000 Ontario Power N F 1st 5s 1,000 Ontario Transmission 1st 5s page 30 Sale 5M 57 Sale 105M 97 M Sale , 108 Sale F a 17 Sale 15 Sale 54 60 a o 119 Sale F A 103 % Sale M S 103 M 103 M MA Sale Sale 105M Sale M S Jan. 21 69 Feb. 16 65M Jan. 6 28 56M Jan. 26 65 Feb. 28 Jan. 26 27 55 % Feb. 77 M Jan. 28 73M Jan. 78M Jan. 48 51M 52M 21 108M 23 108Vi 1 60 106 Sale 11 14 14 23 M 6 7M 3H 14M Sale 6K Sale 75 -8M 5 48 if* if* 14M 12M 16M 24 M 6M 55* Sale Sale 15M Sale 13M Sale Sale Sale Sale Sale 8 Sale 4M Sale 1 124M Feb. 21 Jan. Feb. 6 106M Jan. 2 54 M Jan. 1 52 M Feb. 23 27 108 M Jan. 23 109 M Jan. 19 14 123M Jan. 116M Jan. 9 117M Feb. 99M Feb. 56 Feb. 33 3 27 Feb. 99M Feb. Jan. 99M Jan. Jan. 17 117M Jan. 27 7 17M Jan. 19 Jan. 59 Feb. 26 4 17 61 Jan. 16 1 58 Feb. 17 11 50 Jan. 11 75M Jan. 9 5 100 Feb. 56 58 Feb. 33 Feb. 50 Jan. 71 Feb. 2 12 Jan. 28 60 Feb. Jan. 96 5H 33 71 Feb. 13 Feb. 72 M 25 10% Feb. 10 11M Feb. 10 12M Feb. 21 12 Feb. 1 11 Feb. 15 13M Feb. 10 22M Feb. 21 5M Feb. 10 1 13 M Feb 53M Feb. 18 7M Feb. 24 4 3M Feb. "Feb". 13 Feb. 25 13 Feb. 28 __ 13M Feb. 28 14M Feb. 2714M Feb. 27 13 Feb. 27 16M Feb. 27 24M Feb. 28 7 Feb. 28 16M 57M 8% 4M Feb. 28 6 Feb. 6 Feb. Feb. 10 58 58M 50 110M 109M 110M 109 50 97 27 3 Feb. 3 3 110M Feb. 10 6 106 Feb. 24 Feb. 2 101 Feb. 15 100 Sale Sale 105 M Sale Sale 10M Sale 102M Feb. 9M Feb. Feb. 17 Sale 5% Feb. 1 Feb. 8 11 Sale 43 6 6M 36 9 45 43 1 105M Feb. 28 11 8 10M Feb. 9 Feb. 8M Feb. 43M Feb. Sale 102 M Sale Feb. 102M Feb. 23 103 108M 109M 108M 109M 109 Feb. 21 109M Feb. 102 M 17 8 15 3 10 62 63 63 78 63 Feb. 7 63 Feb. 7 69 73 M 73 M 78 73 3 Feb. Feb. 7 75 Feb. 17 3M 111M 108M 96 102 M 13 M Sale 3M 110M l08M 108 M Sale Sale 15 97 105 M 16 13 M 15 13 54 59 50 Sale 23 3 3M Feb. 6 110M Feb. 25 111M Feb. 2 6 108M Feb. 108 Feb. Sale 1 98 Feb. 15 95M Feb. Sale 4 105 M Feb. 28 102M Feb Sale 6 13 M Feb. 20 16M Feb. 6 Feb. 15M 12M Feb. 20 15 Sale 60 54 Feb. 119M 103 M Sale Sale 119M Feb. 103M Feb. 103 M 103 M Sale Sale Sale 103M Feb. 103M Feb. 105M Feb. 122 Sale 13 Feb. 25 10 13 Jan. 11 10 15M Jan. 26 16 3 4 26 2 122 Feb. Feb. 1 104 Feb 1 9 56 103% Feb. 1 103M Feb. 3 23 3 3 Jan. Jan. 15 15 H Jan. 15 M Jan. 13 M Jan. 22 Jan. 26 17 H Jan. 30 27 M Jan. 5 3 3 20 8M Jan. 4 11 5M Feb. 10 13 M Jan. 27 53 M Feb. 18 7M Jan. 3M Feb. 11 17 M Jan 57 M Feb. 4 9M Jan. 4 5 Jan. 77 Jan. 16 9 7 7 77 Feb. Feb. 105M Feb. 97 10H Feb. 11 M Feb. 11M Jan. 11 Vs Jan. 13 7 6 23 126 59 60 105M 105M 105M 106 16 8 27 106M Feb. 50M Feb. 107M Jan. 107M Feb. 60 15 Feb. Jan. 49 66 56 84 M 104 17 100M 105 52 M 58 M 6 4 5 5 28 Jan. 7 50 Jan. 19 109 Feb. 104M Jan. 93 Jan. 101M Jan. 9 Jan. 9 Feb. 5H Feb. 42 Jan. 102M Feb. 108M Jan. 53 M Jan. 3 110M Jan. 13 106 18 101 15 28 3 26 Feb. 23 25 108 Feb. 6 95 Jan. 27 30 100M Jan. 13 M Feb. 20 12 M Feb 20 54 Feb. 118M Jan. 103M Jan. 3 17 15 15 11 Jan. 21 110 Jan. 24 63 Jan. 18 75 Jan. 5 4 6 111 M Feb. Jan. 9 109 Feb. 15 98 105 H Feb. 28 8M Feb. 43 M Feb. 20 23 103 M Jan. 1 25 3 24 22 105M Feb. 26 12M Jan. Feb. 9 17 Jan. 110M Feb. 20 Feb. 70M Jan. 62 Feb. 6 17 H Jan. 4 15M Jan. 5 60 Jan. 10 7 122 Feb. 23 11 9 26 104 M Jan. 115 M S 12 9 11 MN 11M 102M 9M Sale Sale 11 70 77 102 F a A 0 42 M 35 H 83 53 56 M 68 J 59 Vi 58 M J 107M D D 107 82 38 81M Sale 47 M 50 Sale 64 Sale Sale Sale 57 56 M 108 100 107 104 M Sale 110M 113 107 M 109 113M Sale 115M 116M 104 80 56 M 45 48 Sale Sale 4 4M 105 Sale Sale 58 Sale Sale Sale Sale 100 6% Sale 108 106 M Sale 102 M 102 M 102 M Sale 107 M 107 M 104 Sale Sale 79 Sale 112M Sale 109 Sale 107 Sale 107 Feb. 107 39 Feb. 50 112M 111M 107 M 25 103 M Jan. 3 103 M Jan. 26 106H Jan. Feb.1 3 4 4 9 107 Feb. 9 107 39 Feb. 2 50 Feb. 50 Feb 55 83 Sale 81 Feb. 49M Sale 56 M Sale 47 Feb. 3 53 Feb. 24 63M Feb. Sale 54 Sale Sale 55 55 Jan. 27 50 Jan. 8 27 66 M 58 58 M 109 ... 4 5M 58 Sale Sale Sale 2 84 Feb. 17 Feb. 25 Feb. 17 Feb. 28 79 M Jan. Jan. 46 31 Jan. 16 24 53M Jan. 4 53 62 Jan. 31 60 Jan. 4 23 83M 49% 53M 66M Jan. 27 Feb. 15 58 Feb. 28 52 Feb. 5 5 Feb. 6 58M Feb. 28 55 Jan. 1 109M Feb. 20 Jan. 15 61M Jan. 24 61M Jan. 7 109M Feb. 107M Feb. 100 107 M Jah. 69 M 20 6M Sale 105 107 M 108 M 5M Feb. 28 4M Feb. Sale 4 Jan. 106 Jan. 106 Jan. 5M Jan. 3 3 108M Feb. 3 108M Feb. 3 103 M Feb. 18 17 108 106M Feb. Sale 106 M Feb. 103 M Sale 102M Feb. 108 M 109M 107M Feb. 105M 105M 105M Feb. 105M Sale Sale 112M 112M 113 112M Feb. 116M 115 Feb. 113M 115 II6~" 108M Feb. 109 114M 116 115 116M 114M Feb. 117M H6M Sale 116M Feb. 55 M Feb. 105 40 1 Feb. 103M Jan. 103H Jan. 105M Jan. 49 Sale 61M 1 106 51 50 4M 6M 5M Sale 1948 108 1943 M s 105 1965 MA 106 M Sale 1967 M 5 106 M Sale 1972 J J 101M Sale J 105 M 107 38 J 36,000 Oregon RR & Nav con g 4s 1946 J 24,000 Oregon Short Line 1st con g 5s__1946 26,000 1st guar cons 5s stamped. —1946 210,000 Ore-Wash RR & Nav 1st & ref 4s 1961 72,000 Otis Steel 1st mtge 4Ms A 1962 14,000 Pacific Coast Co 1st g 5s 1946 112.000 Pacific Gas & El 4s series G. 1964 206,000 1st & ref mtge 3 Ms series H..1961 175.000 1st & ref mtge 3 Ms series I—1966 see 124 M 124 Feb. 116M 117 116M Feb. 50 13 M 54 55 o 1946 J D 1943 F a 1945 MN _ 124 M 13 13 15M 16M 4sl948 1966 84 M Jan. 81 Jan. 61 28 106 50M Feb. 107 M 108M 107M Feb. 108 108M 107M Feb. 11M 10M 3M Sale 110M J 4s 2 49 53 M 72 A Teleg 4Ms extended-1944 J X AOgden & Lake Ch 1st guar g a4s stamped Feb. 26 26 99M Sale a Ohio Connecting Ry 1st Ohio Edison 1st mtge 4s Sale 52 M 50 96 F Northern States Power 3Ms..__1967 107 50 60 MN April '33 to Oct '38 coup... 1945 161,000 Northern Pacific prior lien 4s. .1997 Q 232,000 Gen & lien ry & Id gt 3s__ Ref & impt 4Ms series A Feb. 55M 75M 84M 2 106M Jan. 53M Jan. 64M Feb. 60M Feb. Feb. Feb. Feb. Feb. 1 7 106M 6 Feb. 28 4 Feb. 8 Feb. Feb. 21 65 16 99M 40 30 1939 m N\ 103M 103 M 108 M Sale 1967 J J\ 68 63 1946 J d 75 67 H 1946 Y'j Jan. 78 Feb. 72 M 1943 MN 1946 79 Feb. 50 48 M 51M 109 M 110M j 1966 Niagara Falls Power 3 Ms Niag Lock & Ont Pow 1st 5s A__ 1955 Niagara Share (Mo) deb 5Ms_- 1950 1950 INord Rys extl s f 6Ms anor folk South 1st & ref 5s a. 1961 ACertificates of deposit 1941 *tANorfolk & South 1st g 5s Norfolk & West Ry 1st con g 4s_ 1996 1961 INorth American Co deb 5s Ref & impt 6s series Ref & impt 5s series Ref & impt 5s series 54 H Feb. 6 74 76M 71 14M 16M 16 14M 15M Sale 15M Sale 15M Sale 15 M Sale 17 H Sale 25 M Sale 1937 F ref g 5s_ 1937 Sale 83 Jan. 80M Feb. 28 84 M 83 Sale 105 If* 75 74M aN Y New Haven & .1947 M S .1947 A O Sale 95 47 M ' Eng (Bost Term) 4s .1939 Hartford- 64 M 55 M 66 66 MN 61M 79M Feb. 23 16 16 Greenwood Lake 5s New York Steam Corp 3 105M 108 106M 50 M Sale" 50 M Sale 108 M Sale 107 M Sale 116M 116M 4s. .1949 n y & Harlem g 3 Ms n Y Lack & Western 4s ser 61M 125 H N Y Gas El Lt Ht & Pow 5s...1948 17 109M Feb. 28 26 Sale For footnotes 20 Jan. Jan. 35 109" 107M Jan. 65 Sale N'western 5 126M Feb. 28 51 59 aN Y & n Sale Prices 4 128M Feb. 123M Jan. 8 80 M aN y & ' 124M Jan. 52M Feb. 23 21 104M Feb. 2 21 104M Feb. 2 Sale 75 64 M UNorth Am Edison deb 5s ser A. 1957 40,000 fDeb 5Ms series B—Aug 15 1963 49,000 IfDeb 5s series C Nov 15 1969 "f.555 North Cent gen & ref 5s ser A. .1974 Gen & ref 4 Ms series A 1974 13,000 jANorthern Ohio Ry 1st guar 5s Apr 1 1935 and sub coupons. .1945 AOct 1938 and sub coupons—1945 ACertificates of dep stamped 94,000 482,000 41,000 Feb. 69 Sale 41,000 232",555 37M 33 M Feb. 109M Feb. 28 34 34 65 4 55 M 64 M 10,000 ATcrminal 1st gold 5s 123,000 N Y Tel 1st & gen s f 4 Ms 17,000 Ref mtge 3 Ms series B 3,000 N Y Trap Rock 1st sfg6s 13,000 6s stamped 37,000 25,000 x* aN Y Westches & Bos 1st 4Ms 60,000 68 M 34M 14 14 78 AGeneral gold 5s. 38,000 169,000 Sale 67M Feb. 51M Feb. 103 M Feb. 103M Feb. 81 aN Y Susq & West 1st 1,000 X * * iSecond gold 4M®-98,000 20,000 454,000 39,000 68* 72 59 M N Y 1 Highest Sale Prices 83 M & Pr 3 Ms. .1965 ma Corp— 6,000 j .1958 J Prior lien 6s stamped 108,000 .1951 MN N Y & Rich Gas 1st 6s a 8,000 M 78 M Sale 4,000 61,000 80,000 52 64 Sale 23,000 111,000 150,000 59,000 Sale Prices 3 128M Feb. 17 3 126M Feb. 28 80 M 8 83,000 Sale Prices 1942 17 310,000 Ask 126M 126M Feb. 1997 Ref & impt 4 Ms series A Lake Shore coll g 3 Ms Mich Cent coll g 3 Ms 4Ms ser of 1927--- 1967 J D t AHarlem R & Pt Ches 1st 4s 1954 MN 121,000 jaN y Ont & Wast 1st g 4s— 1992 M S 47.000 .1995 J d AGeneral 4s 10,000 69 36 .1957 MN "5",555 126 34 "30" 45 1998 Conv secured 3 SINCE JAN. Lowest 90 H 1946 2013 2013 1952 MN 1945 gold 4s 23,000 Convertible 5% notes 40,000 N Y Edison 3 Ms series D 62,000 1st lien & ref 3 Ms series E N Y & Erie—See Erie RR. 25,000 Sale 10-year 3 Ms secured s f Ref & impt 4 Ms series A Ref & impt 5s series C 6,000 92,000 126M 126M Highest RR— 195,000 N Y C & H R g mtge 3 Ms 34,000 Debenture 4s of 1912 242,000 933,000 20,000 128 126 Consol 4s series A. 330,000 37,000 126 33 4 Ms Ask Bid Lowest Bid 108 M gen gu g Feb. 28 Ask 70 67 M 34 M Sale 37 M 35 36 M 31 1956 F A 1956 F A 1954 A O 1 124 M 125M Sale 124 Bid j Npt & Cin B New York Central 466,000 510,000 333.000 Feb. 1939 _ Alst 5Ms series A ACertificates of deposit RANGE Jan. 3 $ 21,000 New England T & T 30-yr 5s A_1952 J D 16,000 1st g 4Ms series B 1961 MN N J Junction RR gu 1st 4s 1986 F A 52,555 N J Pow & Light 1st 4Ms I960 6,000 New Orleans Great Nor 5s ser A 1983 12,000 N O & N'eastern ref 4 Ms ser A.1952 100,000 New OrleansP S 1st & ref 5s A. .1952 Alst mtge gold 5s series C a 1st 4 Ms series D 37 PRICES IN FEBRUARY Price February 5,000 32,000 EXCHANGE-BONDS N. Y. STOCK 105 79 56 112M 110M 107 M Sale" 1 108M 2 108M 1 103 M 3 109M 1 105M 2 113M 15 115 Feb. 3 109M 10 115M 1 117M 1 105M 104 Feb. 78 Feb. 24 57M Feb. Sale 10 Sale 112 Sale 110 Feb. Feb. Sale 107 Feb. Feb. Feb. Feb. Feb. Feb. Feb. 79M 58M 1 113 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 20 111M 23 108M Feb. 101M Jan. 107 Jan. 104M Jan. 112M Jan. 112M Jan. 107M Jan. 113M Jan. 116M Jan. 103 M Jan. 78 55 Jan. Jan. 111M Jan. 109 Jan. 105M Jan. 14 109M Feb. 3 105 M Feb. 9 113M Feb. 28 28 24 11 17 20 115 Feb. 15 27 109M 3 115M Feb. 28 Feb. 23 16 117 M Feb. 21 28 105M Jan. 23 81 M Jan. 11 Jan. 10 28 113M Jan. 3 111M Jan. 28 108 M Feb. 21 30 60 9 9 18 28 N. Y. STOCK Sales in 1° iFebruary BONDS Value n. y. stock exchange c s Price _ Pennsylvania Co— Guar 3Ms coll tr ctfs ser B... Guar g 3 Ms tr ctfs ser C Guar g 3Ms tr ctfs ser D _ _ _ -. 40-year guar tr ctfs 4s ser E.. 28-year 4s Penn Dixie Cement 1st 6s A.... Penn Glass Sand 1st mtge 4MSPenn Ohio & Detroit RR— 1st & ref gold 4Ms series A... 4 Ms series B Penn Pow & Lt 1st M 4Ms A 67 J J 63 A O J D J M S Feb. 1 1939 F J PBTCES TN FEBRUARY Ask Sale 93 101M Sale J Sale M S 99 M 88 M M S 100 M O M S 80 106M 109 49 Sale Sale 50 M 122 61M M S 109 105 1 44 Ask Sale 86 Sale 46 Lowest 55M 101 • 85 101 % Lowest Highest Sale Prices 1 67 Feb. 9 69 Feb. 20 109M 108M Feb. 20 109H 101M Feb. 23 101M 104H Feb. 17 105 Feb. Highest Sale Prices Sale Ptices 72 M 80 68 69 108 108 M 108 109M 108M Sale 101M 104 H Sale 56M Sale 100 M 84 100 M Feb. 28 Ask Bid 68 70 101M 105M Sale 57 M A Bid 108 M Sale 108 M 109 FA 3 RANOE SINCE JAN. Jan. 3 Bid * APacific RR of Mo 1st ext 4s. 1938 1,000 *A2d extended gold 5s 1938 27,000 Pacific Tel & Tel 3 Ms series B—1966 47,000 Ref mtge 3 Ms series C 1966 1.000 Paducah & Illinois 1st s f 4 Ms. .1955 87,000 Panhandle Eastern Pipe L 4s A-1952 Paramount Broadway Corp— 25,000 1st mtge s f g 3s loan ctfs 1955 Paramount Pictures Inc-— 125,000 Sinking fund debenture 6s—1955 122,000 3 Ms conv debenture—- - — - -1947 174,000 ITParis-Orleans RR Ext s f 5MS-1968 20,000 Farmelee Trans conv deb 6s 1944 Paterson & Passaic G & E 5s..-1949 iPaulista Ry 1st & ref 7s ser A—1942 EXCH VNGE—BONDS 9 Feb. 7 Feb. 14 Feb. 23 Feb. 2 Feb. Jan. 3 65M Jan. 16 108 Feb. 20 108M Feb. 20 101M Feb. 23 104 M Feb. 17 6 55M Jan. Sale Sale 100 M Feb. 2 101M Feb. 28 83 M Feb. 14 85 Feb. 2 Sale 100M Feb. 10 99 % Jan. 83 M Feb. 57 H 50 55MFeb. 46 7 57 7 101M Feb. 28 45 Jan. 123 M Jan. 2 Feb. 7 102M Feb. 15 58 69 57 M Jan. 17 101M Feb. 28 89 Jan. 20 101M Feb. 28 58 Feb. 27 123M Jan. 18 98% Jan. Feb. 27 Feb. 123 M 124M 123 % 125 62 62 Sale Prices Jan. 3 Feb. 9 109M Jan. 24 109M Jan. 18 101M Feb. 23 105 M Jan. 3 72 „ 2,000 48.000 306,000 121,000 6,000 54,000 412",000 7,000 Penn RR consol gold 4s 126,000 Consol gold 4s_ 15,000 Stamped dollar bonds 126,000 Gen mtge 3 Ms series C_ 105,000 Consol 4 Ms issue of 1915 518,000 General 4MS series A --• 119,000 General 5s series B • --■ 258,000 Debenture gold 4Mf144,000 General 4Ms series D_ 75,000 Gen mtge 4 Ms series E 316,000 Conv deb 3Ms.7,000 Peoples Gas & Coke 1st 6s— 29,000 Refunding gold 5s— 29,000 Peoria & East 1st cons 4s 4s (flat) Peoria & Pekin Un 1st 5Ms a Income "i~,66o 1941 F 1942 J D 1944 J D A 99 M 102 100M 99 1952 M N 1963 F A 98 M 99 M 1941 M S 1960 J D 106 M 91M 100M Sale Sale 94 107 M 93 M Sale O MN 105 ~H 107 M Sale 1948 MN 110M Sale 1948 MN 110 88 Sale 1977 1981 1981 1943 A O J J A 1970 A O 1960 F A 1965 1968 1970 1981 1984 1952 1943 1947 1940 1990 1974 1956 1956 1980 1952 1943 1974 1977 1981 94 Sale Sale J D 115M Sale 97 M Sale J D 104 M Sale A O 86 M Sale A O J A O 82 Sale A O M S A O Apr Sale 116M 113M Sale 56 M 5 A J 115,000 Pere Marquette 1st 5s series A_. J 18.000 J J 1st 4s series B MS 53,000 1st g 4Ms series C - - -------J D 171,000 Phelps Dodge conv 3 Ms deb— 6,000 Phila Bait & Wash 1st g 4s MiV F A 3,000 General 5s series B___J J 8,000 General g 4Ms series C - J D 40,000 General 4 M s series D 848,000 Phila Co secured gold 5s._ 1967 J D 83,000 Phila Electric 1st & ref 3 1967 M S M| 96.000 t APhila & Read c & I ref 5s... 1973 J 3 44,000 AConvertible deb 6s_ ---■ 1949 M S J 38,000 t * APhilippine Ry 1st 30-yr s f 4s. 1937 J 1948 M S 259,000 Phillips Petroleum cony 3s 7,000 Pirelli Co (Italy) conv 7s - - - - - 1952 MN 9,000 Pitts Coke & Iron conv 4MS A.. 1952 M S 66 H 59 M Sale 6M 103 M A_. 16,000 P C C & St L g 4Mb series A-.-1940 24,000 Con 4Ms series B guar g--—1942 Con 4 Ms series C guar g 1942 Con 4s series D guar g__ 1945 1,000 6,000 Con 4s series H guar g F A O A O MN 63 115 — 4Ms series I g Con 4 Ms series J guar Gen guar 5s series A__ — General g 5s series B General 4Ms series C._. Sale Sale Sale 108 M 107 M 108 M 105 M 110 103 104M 98M Sale 110M 110M 13 M Sale ,3M Sale 13M Sale 112 M Sale 93 M 89 M Sale 104 M 108 106 108 M 106 M F A 105 103 M D 103 MN 1953 1957 MN 103 1960 F A 105 1963 F A 112 Con Sale 108 J 1949 Con 3 Ms series E guar g Con 4s series F guar g Con 4s series G guar g- 96 M 92 105 M ----- Sale 104 M 82 M 94 80 116 % 113M 53 4 104 65 H 55 63 113 Sale Sale Sale Sale Sale" Sale 5M 109 Sale 105 108 106M 108 106 M 105 M 104 104 113 112 111 112M Sale 103 103 94 3,000 31,000 1st mtge 4Ms series 1st mtge 4Ms series Pitts Y & Ash 1st gen 1st gen 5s 1st gen 5s 1st series B B 45M 51 44 49 51 106 4s ser A. .1943 > -1962 IoIM 15,000 Porto Rican Am Tobac conv 68-1942 3 42 39 H 3 16,000 6s stamped --^--1942 15M 1,353,000 t* APostal Teleg & Cable coll 5s. 1953 J J 108 M 14,000 Potomac Elec Power 1st M 3 Ms -1966 3 48,000 Pressed Steel Car deb 5s --1951 J 3,000 AProvidence Secur deb 4s gu—1957 MN "§M 49 M 4,000 AProvidence Terminal 1st 4s—1956 M S 97 H 200,000 Purity Bakeries Corp s f g 5s___i94g J 3 — Sale Sale Sale Sale 82 4M Sale T 50.000 193,000 55,000 238.000 21l",666 144,000 137,000 24,000 28,000 11,000 2,000 5,000 15,000 9,000 209,000 5,000 4,000 8,000 35,000 146,000 t ARadio-Keith-Orph pt pd ctfs for deb 6s & com stk (65% pd) ♦ADebenture gold 6s 1941 Read Co Jersey Cen coll g 4s—1951 Gen & ref 4 Ms series A 1997 Gen & ref 4Ms series B 1997 Remington Rand deb 4Ms w w_i950 Rensselaer & Saratoga 1st gu 63.1941 Republic Steel Corp 4 Ms ser B. _ 1961 Purch money 1st 5Ms conv. -1954 Gen mtge 4Ms series C— ..-1956 Revere Copper & Brass 1st 4Ms. 1956 iRheinelbe Union s f g 7s --1946 ARhine-Ruhr Wat Serv 6s --1953 J AConsmtge6s 1955 Richfield Oil 4s conv deb 1952 Richmond Term Ry 1st guar 5s -1962 ARima Steel s f 7s 1955 t ARio Grande June 1st guar 5s -I939 j ARio Grande Western 1st g 4s. 1939 Alst con & coli tr 4s series Gen mtge 5s series E Gen mtge 3 Ms series D A O J 3 3 J M S ser _ 74 M 55 M 71 70 102 M F A Feb. 28 93 M Jan. 93 Jan. 104M Jan. 107 M Jan. 110 Jan. 111M Feb. 88H Feb. 2 118M Feb. 99 Feb. 21 15 8 9 6 1 106% Feb. 94 95M 106" 1 28 1 Feb. 104M Feb. 65 58 62 M 112 109 109 104 104 M 100 M 2 104M Feb. 2 1 Feb. Feb. 16 68M Feb. 28 61 Feb. 28j Feb. 21 64M Feb. 25 3 Feb; Feb. 10 13 M Feb. 11 109 7 110 Feb. Feb. 20 105 Feb. Feb. Feb. Feb. 11 2 105M Feb, 1 103 M Feb. 25 7 23 17 Feb. Feb. 18 2 111 Feb. 2 Feb. 28 13M Feb. 2 2 3M Feb. Feb. 1 11 Feb. 21 Feb. Feb. 10 110M Feb. 24 90 Feb. 11 1 Feb. 6 Feb. 15 94M Feb. 105 M Feb. 108 Feb. 10 105M Feb. 3 108M Feb. 109 M Jan. 85M Jan. 115M Jan. 97 Jan. 103M Jan. Jan. Jan. 81 92 92 M Jan. Jan. 5 1 104M Feb. 10 Feb. 2 104M Feb. 28 Feb. 2 95H Feb. 18 Feb. Feb. 18 106M Feb. 18 Feb. 23 Feb. 25 45% Feb. 24 46 Feb. 24 47M Feb. 4 Feb. 11 48 108 3 18 3 Feb. 28 2 107 M Jan. 16 Feb. 28 98 93 Jan. 27 106 M 4 108 M 5 1UM 6 111M 12 88 M Jan. 18 5 4 16 1 Feb. 20 3 118M Feb. 15 3 99 M Jan. 20 26 106 9 % Feb. 28 87 Jan. 3 26 4 94 % Feb. 26 95 M Jan. 20 26 5 84 M Jan. 18 117 Jan. 24 Feb. Feb. Feb. 24 Jan. 6 2 28 Feb. 28 Feb. Feb. 26 64 M Jan. 20 27 115 Jan. 3 4 109 M Jan. 21 Jan. Feb. 7 Jan. 18 110 Jan. 25 Feb. 20 107 Jan. 17 105 M Jan. 20 3 103 h Feb. 17 98 M Jan. 110 Jan. 28 111M Jan. 24 Jan. 27 11M Jan. 14 14 3 Jan. 24 Jan. 5 4 9M Jan. Jan. 109 89M Feb. Jan. 93 Jan. 80 Jan. 14 27 112M Jan. 1 Feb. 90 5 94 M Feb. 23 106 Jan. 25 106M Jan. 4 105 Jan. Feb. 25 105 112 Jan. 102 M Jan. 101M Jan. 93 M Jan. 106M Feb. 45 Feb. 45 Feb. 44 M Jan. 106 Jan. . 3 5 11 6 9 105M Feb. 10 18 108h Feb. 20 105 105 112M Jan. 45 45 4 100 24 20 Jan. 107 102M 102M 94M 106M Jan. 108 108 M 104 104 106 Jan. 106M Jan. Sale Sale Sale Jan. 100% Feb. 61M Jan. 112 20 Feb. 25 Feb. 27 3 4 104 103 M Jan. 63 M Jan. 26 58 Feb. 16 104M Jan. Feb. 25 105 9 115 Feb. 102M Feb. 15 101M Jan. 19 5 101 3 101 77 M Jan. 116M Jan. 112M Jan. 27 114M Feb. 21 3 52 Jan. 27 56 M Jan. 10 105 114 19 23 12 Jan. 4 Jbeb. 25 115 Feb. 30 112M jau. 25 27 4 4 18 23 25 30 104M Feb. 10 23 104 Feb. 95M Feb. 106 M Feb. 49 M Jan. Jan. 49 17 18 18 9 30 49 M Jan. 31 106 Jan. 7 9 31 5 75 Feb. 10 106 M Jan. 17 Jan. 43 28 19 31 102 M 101M 72 56 Sale Sale 70 M Sale 107 Sale MiV 94 Sale 99 M 50 Sale J 3 J 3 J 3 A O M S J 3 "92"" Sale 106 M 92 % Sale Sale 10014 Sale 26 M 25M 30 29 H 30M 30 26M 104 M Sale 103 H 104 M 20 M 13M 26 M 26 M 41 % A__i94g A O D_. 1977 M S 1962 M S 122 % 39 "55" 19M Sale Sale 107 66 106 35 M 40 Sale 35 Vs Sale 14M Sale 109 88 84M 4M Sale 50 20 20 68 60 Feb. Feb. Feb. 1 75 58M Jan. Feb. Feb. Feb. 106 10 106M Feb. 17 42M Feb. Feb. Feb. 25 39 Feb. Feb. Feb. 3M Feb. 40 Feb. 98 Feb. 40 35M Feb. 25 5 13M Jan. 24 .08M Jan. 16M Feb. 1 109M Feb. 86 Feb. 3 6 3M Feb. 11 45 Feb. 1 100M Feb. 1 18 81 % Jan. 3M Feb, Feb. 40 97 M Jan. 29M 25M Sale 68 55 Feb. 25 Feb. 24 70% Feb. 72 Feb. 101M Feb. 1 Jan. 41 16M Feb. 12 109 M Jan. 4 Feb. 86 6 Jan. 4 11 49 M Jan. 26 100 M Feb. 16 55 Feb. 25 Feb. 24 79 Feb. 28 Feb. 28 69 Jan. 78 77M Feb. 28 70 100 Jan. 72H Feb. 60 78 3 104 Feb. 106 93 % 100 M 39 M 26 26 M 30 29 M 91 Feb. 2 26 108 % 110M 108 % iliM M S 108 109 l09M 9 27 6 3 17 M S A O J 12 J —... J J 5 J 5 88,000 Safeway Stores s f deb 4s --1947 J D 78,000 Saguenay Pow Ltd 1st M 4Ms__1966 A O St Jos & Grand Island 1st g 4s__l947 J 3 105 3 1996 A 106 106M Sale 10 11 "4" 30 6 35 5M 7M 5 Sale 6M Sale Sale 105 H 105 M —~ 106M 7M 12 Sale Sale ----- 11M 26 6 5M 6M 105 Vs 106 M 30 Sale 7M 7M Sale Sale 106 H 15 Feb. Feb. Feb. 17 18 28 J 93 M 93 M 93 M O 88 M 88 M 88 M Feb. 2 12 Feb. 18 26 5M Feb. 11 6 105M Feb. 105M Feb. 26 23 111M Feb. 11 6M Feb. Jan. Feb. 26 7 6M Feb. 106M Feb. 27 106M Feb. 24 Feb. 23 21 24 M Feb 24 Feb Feb. 18 21 28 77M Feb. 28 27 104 Feb. 25 21M Jan. 11 Feb. Jan. 60M Jan. Jan. Jan. 94M Jan. 90M Jan. 27 4 101M Feb. 99M Jan. 39M Feb. 24 51 Jan. 6 20 Feb. 21M Jan. Jan. 24 108 M 108 H 110 109 M 108M Feb. Jan. 30 3 89M Jan. 30 94 105M Feb. 28 107 1033 1033 25M Feb. -fj K M S 110M Sale 68 1 3 9 28 6 27 21 10 18 17 24M Feb. 16 2 21M Feb. 24M Feb. 18 20 123 25 93 M Feb 28 Sale Feb. 1 105M Feb. 28 107 Sale 94 Feb. 28 4 92 Feb. 100 M 100 2 101M Feb. Feb. 9 44 Feb. 8 50 39 M Feb. 24 25 6 20 Feb. 20M Feb. 18 93M Sale Feb. Sale 26 26 M Feb. 26 H Sale 3 24 Feb. Feb. 104 H Sale 3 105 104M Sale 104M Feb. 103 M 104 M 103 M 104 M 103M Feb. 27 103 M Feb. Feb. 11 10 M 11 Feb. 21 9M 16M 16M 45 M Feb. 44 M 45 M 45 Feb. 10 37 M Feb. 32 M 37 M 35 Feb. 10 35^ Feb. 15 19 7 19M 15M Feb. 20 4 94 M 20 M Sale Sale 77 H Sale 77 M Sale 103 M 104 123 109 1941 J For footnotes, see page 30. Sale 73 Sale 35 J 2d gold 6s.,. Sale 70 70 H 101M Sale 21M Sale A 5s__l996 «S* Sale Sale MiV D a4Mb stamped Sale 75 106M 106M Sale 35M 43 39 14M Sale 15M Sale 109 109 M 80 % 85 85 M 3M 3M 38 43 M Sale 98 99 M 66 M 42 M 42 89 J H St Lawr & Adirondack 1st g Sale "93"" Sale" F 1967 1967 35,000 *t ARock Is Ark & Louis 1st 4 Ms 1934 1,000 ARuhr Chemical 6s 1948 8,000 1 ARutland-Canadian 4s stpd 1949 tARutland RR 1st cons g 4Ms. 1941 W7% ilg* 105 MN J Gen mtge 3 Ms series 1.: "3",000 108 98 25 D J ARhine-West Elec Power 7s____1950 MN ADirect mortgage gold 6s 1952 MN a Cons mtge 6s 1953 F A Rochester Gas & El 4 Ms 84.666 Sale Sale Sale 99M i07M 106M 108 50 Sale 46 46 48 M 44 48 46 46 M 46 46 106 93 Jan. 105 M Feb. 6 105M 108 104 104 M 95 Feb. 20 2 Feb. 1 20 2 Jan. Jan. Jan. Jan. Jan. 106 100 1 20 105M Feb. 4 14 108M Feb. 1 Ill M Feb. 16 1 101 % 101M 99M 98M 98M 1977 Sale 59 1,739,000 Portland General Electric 4MS--1960 M 5 J J 105 M 107 10,000 1st 5s extended to 1950—--- 27,000 64 113 Sale 101M 101M 99 1974 series Cn 4Ms series D 94M 107 H 44 7--1959 ---I960 C 92M 1 3 109 68H Sale 113M 113M Sale Feb. 100M Feb. "I'ti 114 112 Sale 3 101 10f* 105 106 104 105 106 1 7 2 2 86 Feb. 4 94M Feb. 95 Feb. 28 2 83M Feb. 28 79M Feb. Feb. 18 116 X Feb. 15 117 3 114M Feb. 21 115M 113 M Feb. 9 Sale Feb. 52H Feb. 20 54 59 Sale Sale Feb. Feb. Feb. Feb. Feb. Feb. Feb. 103 H Feb. 82M Feb. 93 Vs Apr. M 102 M J Feb. Feb. 96M Feb. 110M 11M 3M 3M 3M 3M Sale 11 Sale 9M 109 H Sale 109M Sale 109 89 H Sale 90 89 M 93 94 94 M 94M 93M 102 M MN Sale 105 85 M Sale 94 M Sale Sale 95 83 M Sale 116M 117 108 M 110M 108M 109 M 108 M 113M 109M U3M 110 106M 104 104 M 105 104 M 105M Sale 100 M Sale 103 103 uom Sale 102 13 M Sale 11 D 1964 1970 Sale Sale Sale 183,000 1975 A O 912,000 1977 J J 2,000 Pitts Va & Char 1st guar 4s.._-1943 MN 17,000 Pitts & West Va 1st 4Ms ser A-1953 J D 6"O"666 98 Feb. Feb. 105 M Sale 104 M 107M 108 M 107 M 108 M 107 M 110M Sale HIM Sale 110M Sale 111 110M Sale 110M Sale 87 M Sale 88 86M Sale 117 117 H 118M 116M Sale Sale 98 97M Sale J 92 H 93 101M 102 M 102 M 102 M 102 102 M 101M Sale 100 M Sale 100M 100 M Sale 100M Sale 99M 96 95 100 Sale 95M 105 M 106 105 105M 102 101 101 Jan. 45 Feb. 10 35 Feb. 10 26 3 9 9 10 6 12 Jan. M M M X 14 Jan. 28 18 28 3 27 26 107 27 104 21 13 6 14 Jan. 4 Jan. 19 Jan. 16 Jan. 17 10 Feb. n* Jan. 20 Jan. 5 108M Feb. 23 111M Jan. 17 15M Jan. U 26 4 7 Jan. 28 Feb. Jan. 18. 26 Feb. 18 26 6 Feb. 28 25 17 5M Jan. 25 6M Feb. 7 4 106M Feb. 27 5M Jan. 4M Jan. 104M Jan. 105M Jan. 106M Jan. 13 M Jan. 17 106 M Feb. 26 107 Jan. 7 24 25 March, 1939] Sales in n. y. stock §1 bonds February Value Feb. 1939 Bid ' Ask 1 Feb. Ask Ask Bid Bid Highest Lowest 28 220,000 137,000 Sale A*River & Gulf Div 1st g 4s—1933 M N ^Certificates of deposit J 1948 J 63 M Rky M & Pac 5s stamped .1955 J X ASt Louis-San Francisco Ry— J 54 M 1950 J J 13 Vs 13 m Sale Sale 10 M ,1950 3 J 14 Sale 10 Sale 13 % 13 m 13 M Sale 10 1,000 2,000 59 M t L - APrior lien 4s series A 16 ACertificates of deposit 66,000 34,000 351,000 128,000 APrior lien 5s series B ACertificates of deposit ACon M 4Ms series a- * 1978 MS ACertificates of deposit stamped 75,000 X ASt Louis Southwest 1st g 4s 1989 MN J A2d gold 4s income bond Nov 1989 J 39.606 * 1952 J J 64 A Sale 57 Sale Sale Sale Sale Sale 12% 56 M 15M 58 M 13 65 64 3 58M Feb. 59h Feb. 20 15M 13 Feb. 1 13 77 56M Feb. I Sale M 56 Feb. 21 Feb. II 2 Feb. Feb. 20 10M Feb. 21 10 Jan. 17m Jan. 57 m Feb. 10X 9m 10M 9K Feb. 11 54m Jan. 11 59m Jan. 5 9m Jan. 27 14 Jan. 3 Jan. 26 13m Jan. 14m Jan. 4 3 Jan. Jan. 3 12m Feb. 28 11m Feb. 6 11 12 Sale 10 M Sale 10M 12 10 Feb. 21 11m Feb. 12m Feb. 11m Feb. 59 M 31 Sale 55 Feb. 3 59m Feb. 22 Sale 19 M Feb. 23 14 M Sale 13 Feb. 5(jM 0 4 13 Sale 3 Sale 6 9 10 11 20 13 M 65m Jan. Feb. 11 Sale 54 M 30 58m Jan. 30 59H Feb. 20 60H Feb. Sale Sale 12 Sale 10 M Sale Prices Sale Prices Feb. 28 11M 11M 11M 9M M Highest 12 Feb. 9 10m 9m 9m 9m 27 Jan. 26 Feb. 20 Jan. 26 Jan. 28 54 m Jan. 29m Jan. 34 22m Feb. 28 14m Feb. 28 28 26 19 Jan. 28 12 Jan, 26 7 Jan. 23 64 14 14 5 3 13 m Jan. 3 61m 35 m 23 m 15m Jan. 3 Jan. 12 Jan. Jan. 3 5 D 9,000 i ASt Paul & KC Short Lgu4Ms 1941 F 61M 35M 23 M 14 % J 1990 J St Paul & Duluth 1st consol 4s__1968 J 1 ASt Paul E Grand Trunk 4Ms._ 1947 J Sale 64 ASt LPeo&NW 1st 5s.. 65 60 Lowest Sale Prices Sale Prices St Louis Iron Mtn & South— 78,000 16,000 1 Jan. 3 N. T. STOCK EXCHANGE % ■ RANGE SINCE JAN. IN FEBRUARY PRICES Price sor* 29 exchange-bonds Alsf" terminal & unif 5s AGen & ref 5s series A 25,000 J Sale 8M Sale " 7 St Paul Minn & Manitoba— 1,000 fPacific Ext sterling guar 4s__1940 16,000 St Paul Union Depot 1st 5s guar 1972 55,000 San Ant & Aran Pass 1st guar 4s. 1943 85,000 San Diego Cons G & E 4s 1965 . 5.000 Santa Fe Prescott & Phoenix 1st 5s'42 10,000 X ASchulco Co guar 6 Ms -.1946 21,000 AStamped... 3,000 AGuar. J J J J J J 16m J 18 O 29 30 0 27 m 32 O A O 17 M 17 M F A 3 M A O 7M 6M M S 21 Sale Sale Sale Sale Sale. 10m MS 16 M A A 19 Sale 5m .1951 M S 1952 J Sale D 61 1951 M 5 1946 F A 1941 F A 116,000 Simmons Co conv deb 4s 1952 A 54,000 Skelly Oil debenture 4s .1951 J 191.000 Socony-Vacuum Oil deb 3 Ms.-1950 A South & Nor Ala gu 5s .1963 A 1st mtge & ref 4s Southern Colorado Pow 1st g Southern Kraft Corp 4Ms 77 23 79 M O Sale J Sale O Sale O O 107 M 196lAf S 106 M Sale .1965 F A 109 M Sale 100 6s .1947 J 101M 1946 ~ 90 M 91M 1962 A Southern Natural Gas— 61,000 1st mtge pipe line 4Ms--.--.1951 174,000 Sou Pac Co 4s Cent Pac coll Aug '49 280.000 262,000 O 101 Sale D 56 Sale 58 % 54 m Sale Sale Sale 1st 4Ms (Oregon Lines) ser A. 1977 M S Gold 4 Ms 1968 M S Gold 4 Ms May 1 1969 MN 424,000 657,000 Gold 4 Ms 245,000 10-year secured 3Ms_ 89,000 San Francisco Term 1st 4s 308,000 South Pac RR 1st ref guar 4s 4s stamped 264",600 Southern Ry 1st cons 5s 667,000 Devel & gen 4s series A 139,000 Devel & gen 6s series A 54 m 55 1981 MN J 1946 J 148,000 1st & ref 3s series C._ .1968 51,000 S'western Gas & Elec 4s ser D..1960 73,000 ASpokane Internat 1st g 5s 1955 7,000 taley (A E) Mfg 1st mtge 4s 1946 184,000 Standard Oil N J deb 3s 1961 ' Sale 84 m Sale Sale 71M 1955 1955 Devel & gen 6 Ms series A 6,000 Memphis Div 1st g 5s 1996 22.000 St. Louis Div 1st g 4s 1951 33,000 Southw Bell Tel 3 Ms series B—1964 Sale 62 O 195') J 83 M 59 M Sale O O 1994 .1956 1956 1956 309,000 73 M Sale 0 Sale Sale J 70 J 65 78 66 M D 111M 104 M MN 107 H J J J F 14 Sale Sale 15 J 104 M 105 105 M Sale 213,000 15-year 2Ms debs _l953 J 103,000 Studebaker Corp conv deb 6s__1945 J 103 83 M Sale 107 107 M 125 126m 149,000 Swift & Co 1st M 3 Ms 1950 MN 5,000 Tenn Coal Iron & RR gen 5s ..1951 Tenn Copper & Chem— 5,000 Conv deb 6s series B 1944 991,000 Tenn Elec Pow 1st 6s series A__1947 10,000 Term RR Assn of St L 1st g 4 Ms 1939 27,000 First cons g 5s -1944 152,000 Gen ref s f gold 4s--___ .1953 60,000 Texarkana & FS Ry 5 Ms A guar 1950 308,000 Texas Corp deb 3 Ms -.1951 59", 066 Texas & N O cons g J M S J D A 102 M 102 M 96 M Sale 102 % F 113M 114" 104 M Sale F 80 J 107 M Sale 116 84 M 84 M J 85 Tol W Va & Ohio 1st guar 4s C_ Tor Ham & Buff 1st 4s A 89 J 30. Feb. 11 110 112 110 Feb. 23 110 19 112m Feb. 3M 6 5M 8M 7M 14M 3 19Ji Feb. Feb. 8 32 29 Feb. 10 20 30 30 31M 31 Feb. 1 14m 3m m 6% Sale Sale 17 M 20 M 13 M 14M 2M 116M Feb. 3 Feb. 17 5 Feb. 17 4M Feb. 17 7 M Feb. 10 8 7M Feb. 3M Sale 3M 15 4 Sale 57 Feb. 3 Sale 97 Feb. 14 99 Feb. Feb. 24 20 107Ji Feb. 1 Feb. 14 108 Feb. 25 108 9 110m Feb. 6 100Ji Feb. Feb. 24 93 104 M 101h Feb. 8 103 21 50 M 50 M Sale Sale 50m Feb. 1 50 Feb. 1 Sale 53 34 53 M Sale 50 Sale 50 Feb. 1 59 M Sale 51M 90 h 68M Sale 5734 Feb. 17 "83" "85M Sale Sale 1 Sale 87 Feb. 7 Sale 64 Feb. 14 Sale 57 M 73 M Sale 73 61M 66 M 65 109 S M S Sale 112M M Sale 107 Sale 114 Sale Feb. Feb. 54m 57m 52j| 53 34 53 % 61m 9034 Feb. Feb. Feb. Feb. Feb. Feb. Feb. 69 Feb. 24 28 28 28 2§ 28 28 28 28 28 Sale 107 89 m Sale 84 107 m Sale 106 h Sale 106 W Sale Sale Sale Sale 63 114M u5m Feb. Feb. Feb. 28 1 108m Feb. 27, 1634 Feb. 17 15 105m Feb. 23 4 Feb. 1 106 Feb. 27 Feb. 28 Feb. 1 104Ji Feb. 1 82m Feb. Feb. 6 107m Feb. 2 Sale 114 Feb. 103m Feb. 28 3 114m Feb. Feb. 1 107 96 --_ 79 Sale 108 M 109 H 109 m 12 12 11m 96 34 Sale 3? Sale 109 75 Sale 64 m Jan. 90 m Feb. 28 4 Jan. 26 71m Jan. 80 Jan. 28 50m Jan. 26 85m Feb. 28 Jan. 4 60 26 74 27 76m Jan. 5 Feb. 27 Jan. 12 10 112m Feb. 20 27 105 % Jan. 26 108 h Feb. 20 86 Feb. 27 14 25 Feb. 105m Feb. 106m Feb. 3 Sale 103 77 Jan. Jan. 107 Jan. 125m Jan. 101m 94m 102 % 113m 9% Feb. 54H Feb. 25 16 3 12m 80 17 126 m Jan. 13 26 4 107^ Jan. Feb. 6 6 24 102M Feb. 14 21 103 26 101 Jan. 114m Feb. 10 Jan. 24 24 26 116M Jan. 85 m Feb. 86 86 81m Jan. 96 m Jan. 38m Jan. 7m Jan. 87 m Jan. 105 m Feb. Feb. Feb. 98 m Feb. 45 m Feb. 13 m Feb. Feb. 90 106 M Jan. 53 Jan. Feb. 6 1 54m Jan. 4 63 10 16 17 28 27 14 25 16 3 27 60 m Feb. 85 Feb. 1 Feb. 16 63 Feb. 7 166 108 Feb. 3 i68m~Feb*"l4 108 Feb. 15 23m Feb. 24 20 76 Feb. 14 79 Feb. 16 Feb~.~27 85 17 89m Feb. 28 Feb. 16 26 Feb. 27 7 100 Jan. 23 23 124 Jan. 31 Feb. 3 109 23 m Feb. 24 Feb. 15 Jan. 9 Jan. 9 26 76 Feb. 98 124 30 Sale Jan. 10 28 5 6 Feb. Jan. 20 78 23 Jan. 60m Feb. 10 89m Feb. 28 124m . 27 17 Feb. 79 98 108 Feb. 4 103 63 65 Feb. Jan. Jan. Jan. 16m 14 105m 27 106m 3 104 m 26 Jan. Jan. 28 45m Feb. 13m Feb. 90 Feb. 90 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 81 Feb. 98m Feb. 90 110m 104m 106 m 13 m 104 m 104m 28 76 71 82 86 4 64 Jan. Feb. Feb. Jan. Feb. 1 108m Feb. 10 109 m Feb. 3 108 m Jan. Feb. 7 9m Jan. 12 115m 107m 113 m 106m 115m 116m 115m 96 m Sale 96m 96 96 h Sale Sale 108 108m 77 3 Jan. 114 97m Feb. 115 m 116 115m 116 108 m 108 M 107 h 108M 11334" Sale 113m Sale Sale 107 m Sale 107 115m Sale 96 m Sale 55 h Jan. 17 84m Jan. 47 106 40 99 m 77 26 57 m Feb. 27 116m Feb. 28 85m Feb, 17 Sale 56m Sale 89m Sale 123 M 124M 123 108 109 h 106 24 24 30 46 m Jan. 46m Jan, 27 50 Feb. 31 107 89 m Feb. 24 Feb. 17 108m Jan. 100 12M Sale 60 10 24 1 89m Feb. 24 1 Feb. 17 107% Feb. Feb. 84 m 114m Feb. u6m Sale 82 H Feb. 86 M 85 M Sale 86 82m Feb. 83 Feb. 85 m Sale 105 m 24 % Feb. 28 Feb. 3 103 57 m Jan. 59 h Jan. 56 m Jan. 26 Jan. 56 26 Jan. Jan. 52m Jan. 101 Feb. 103 m 88 4 65 6 66m Feb. 2 112m Feb. 20 Ill Feb. 1 104H Feb. 21 105% Feb. Feb. Sale 90 3 Feb. Jan. 24 102 m Sale Jan. 3 5 103 93 4 72 17 Feb. 100 m 87 M 106 M Feb. Jan. 9 11qm Feb. Jan. Jan. Feb. Feb. Jan. 68 102 M 103 113 M 114 58 M J 11 101m Feb. 21 102m Feb. 27 6 Feb. 1 101 95m Feb. 4 102m Feb. 14 102H Feb. 57 J 24 108m Jan. Feb. 3 108 103 53 M F Jan. 3 Feb. Feb. 28 102 O 9M 115M 116M 106m 106 109m 100m 4 90m Feb. 28 3 Feb. 66 1942 M S Sale 17 103 Sale D 108 % 8M Jan. 101 96 J J 171115 125m Feb. 24 125m Feb. 24 55 M 85 A 9 1 Jan. 125m 126 Sale Sale J Feb. 10 105 20 107 h Feb. 126 99 45 21 Feb. 125 Sale Jan. Feb. 27 M Sale 99 97 7 106 103m Jan. 76 111M 111M 112 Sale 105 M Sale Sale 107 108M Sale 16 13m 1634 Sale 13M Sale 104 M 105 M 104m 105 105 Sale 105 Vs Sale 105 103 M Sale 103 3i 104 Ji Sale Sale 82 Sale 78m 107 107 M 107 H Sale Sale 3 7334 Feb. 28 76m Feb. 28 65 111, Sale Feb. 58 107 M Sale 12 81 Jan. 72 105 M 83 75 h Jan. 21M Jan. 78m Jan. Feb. 20 67 Sale 84 M 15 Feb. 20 53 Sale 75 Sale 9 4 Feb. Jan. 70m Feb. 21 76M Sale 70 55 M 88 M Sale 9 "81m Feb". "7 '85 m "Feb". "28 78 84 105 62 Jan. Jan. 115 Feb. ?p 5 66 18 81 51m Feb. Sale 3 Jan. 10 20 m Feb. 20m Feb. 54 II 20 55 20 Sale Sale Jan. Jan. 103 % Feb, 9 15 Feb. Sale 66 Jan. Jan. 5 5 80 57 M 50 H 87 M Jan. 17 Feb 3M Feb. 20m Feb. 18 54 87 3 10h Jan. 15 67 M Sale Sale 20 11 "83 M Sale 106 M 96 M 4 28 1 105 7 Jan. 8 16 104 M 103m Feb. Sale 106 Feb. 26 6m Jan. 6 Feb. 20 4 2 8m Feb. 11 31m Jan. 18 Jan. 7 Feb. Jan. 116m Feb. 10 r4J4 Feb. r4M Feb. 16 103 H Feb. 21 104m Feb. 62 Feb. 55 M Feb. 25 54 M J ' 9 25 17m Jan. 3m Feb. 24 10 51M D M S 7 116M Feb. Feb. 28 3m Feb. 6m Feb. 5m Feb. 15 Feb. 28 3M Feb. 4 101M 101M 103 Sale 27 6 15 16 Sale Sale 107 m 107 m 107 m 108 107 Sale 106 h 108 10634 109 M 110M 109 H 110M 115 103 Vs Sale 101 102 101m 92 M Sale 91H 92 M 91m 83 108M 110 18 11 Jan. 23 30 Jan. Jan. 18 Jan. 25 20 28 4 21 Feb. 8 29 6 116m Feb. Jan. Jan. Feb. Feb. Jan. Feb. 23 114 114 8* --- 15 18 13M Feb. ily> Sale 103 M 104M Sale 55 55 M Sale 62 M 55 M 54 M 20 54 80 80M Sale 98 34 97 M Sale 104 103 M Sale 106 M 107 M Sale 23 31X Feb. 27 A* Sale 6 Feb. Feb. 15 Sale 3 3M Sale Sale 96 M 123 M 124 M 23 25 15H Feb. , 13 M J 1966 J D -1949 M S Feb. 9 25 98 m 15% Jan. 5 118 58m Jan. 30 68 m 110 Feb. 11 112M 109m Jan. 21 110 19m 15m Feb. 3 97 m Feb. 1 15 18 16 Sale Sale 96 1970 A O 100,000 96 M Sale 35-year 3 Ms debenture 1971 MN 42,000 United Biscuit (Amer) deb 5s—1950 A O 108 M 109 M 83 M Sale 19,000 United Cigar-Whelan Stores 5s. 1952 A O page 110 116 J Ujigawa Elec Power sec 7s_. 1945 Union Electric (Mo) 3 Ms -.1962 *t AUnion Elev Ry Chic 1st 5s..1945 Union Oil Cal 30-yr 6s ser A May '42 3 Ms debentures 1952 Union Pac RR 1st & land gr g 4s.1947 First & refunding 4s June 2008 1st lien & ref 5s June 2008 see 59 Sale 30 90 Sale _ Sale 110M 62 6 97 m Feb. 25 Feb. 18 Feb. 1 118 62 Feb. 28 Feb. 23 25 Sale Sale 88 116M 117 M 1163 7m Feb. 23 Feb. 19M Sale 29 31 97 _ For footnotes Sale Feb. 10 Sale 16 84 O J J Tri-Cont'l Corp conv deb 4s ser A '53 J 13,000 ATyrol Hydro-Elec Power 7 Ms.-1955 MN AGuaranteed sec s f 7s_ 1952 F A 91.000 24-year 3 Ms debenture 97 J Sale 109 M 112 15 M 18 3 J ■7", 000 32,000 150,000 33,000 22,000 100,000 244,000 214,000 77,000 98 M Sale 60 _1950 A 10,000 Tol St L & West 1st g 4s. Trenton Gas & Elec 1st 5s 7 97 M 112M 91M 1980 J M 5 Gen & ref 5s ser D 84 il5M 1977 A 1979 A Gen & ref 5s series C Sale J 269O fj 27,000 Tex Pac—Mo Pac Term 5Ms A-1964 245,000 Third Ave 1st ref 4s 1960 1,684,000 AAdjustment income 5s.-Jan 1960 26.000 *AThird Ave RR 1st gold 5s 1937 94,000 Tide Water Assoc Oil deb 3 Ms. .1952 Tokyo Electric Light (Ltd)— 887,000 1st M 6s $ series.....June 15 1953 55.000 Tol & Ohio Cent ref & imp 3 Ms. 1960 "7*666 J 1943 J 5s— Texas & Pacific 1st g 5s 67,000 Gen ref 5s ser B 48,000 89,000 14 7M 116 A F 116M 6M 7% 1935 " Southern Bell Tel & Tel 3 Ms Southern Calif Gas 4 Ms 27 m 22 % MiV| F Shinyetsu El Pow 1st 6Ms ASiemens & Halske deb 6 Ms "f.666 ASilesia Elec Corp 6 Ms 22,000 Silesian Am Corp coll tr g 7s 32.000 131,000 74,000 125,000 96,000 110 08 J ACertificates of deposit Series B Sale M S X* AAtl-Birm Div 1st g 4s May 1933 jSeaboard-All Fla 1st 6s A 1935 1,000 ACertificates of deposit267,000 Shell Union Oil deb 3 Ms 55,000 Sale 11M J 4,000 Scio Vail & N E 1st guar g 4s 1989 *X ASeaboardAir Line 1st g4s—1950 62",000 ♦AStamped 4s 1950 4,000 AAdjustment 5s Oct 1949 106,000 ♦ARefunding g 4s 1959 5,000 ACertificates of deposit 489,000 Alst & cons 6s series A 1945 94,000 ACertificates of deposit-.- 93,000 63 J - 2,000 100 115m 115m MN sinking fund 6 Ms B—1946 A A AStamped 3,000 98 14 7m 98 M 6M 6% Sale 75 Feb. 27 13 2 Feb. 23 115m Feb. Feb. 10 108% Feb. 21 6 Feb. 23 114m Feb. 2 108 Feb. 18 Feb. 1 116m Feb. 20 Feb. Feb. 1 97m Feb. 24 Feb. 15 97m Feb. 6 Feb. 9 109m Feb. 1 Feb. 1 79 m Feb. 25 14 85 Jan. 5 109m Feb. Feb. 13 5 115 m Feb. 23 116m Jan. 107 m jan* 27 109m Jan. 9 114m Feb. 111m Jan. Feb. 106 Jan. 26 108 Feb. 3 1165114 Jan. 95 Jan. 96 Jan. 108m Feb. 75 Jan. 21 3 7 17 7 6 18 20 20 97 27 97 23 9 109 Jan. Feb. 6 Jan. 24 83 Jan. 3 31 30 N. Y. (STOCK EXCHANGE—BONLKS CO Sales in February BONDS Value 3 C 7,000 UNJRR & Canal Co gen 4s. 13,000 *tAUnited Rys St L 1st g4s_. 6.000 U S Pipe & Fdy conv deb 3 Ms480,000 U S Steel Corp 3 Ms debs 27,000 AUnited Steel Wks g 6^s ser A 10,000 a6ms series C 16,000 ASinking fund deb 6 Ms ser A 42.00O United Stockyards 4 M s w w _ -1953 1944 1934 1946 1948 1951 _ 69 M 108 M 24 M 110 25 26 117 119 88",000 "Tooo Consol 4s series J MN J D 94 *AVera Cruz & Pacific 1st 4 Ms aToI & Chic Div 1st g 4s 1941 31,000 J a Wabash Ryref & gen 5 Ms A__1975 95,000 ARef & gen 5s (Feb '32 coup) B "76 35,000 ARef & gen 4 Ms series C -1978 55,000 ARef & gen 5s series D --1980 17,000 Walker (Hiram) G & W deb 4 Ms 1945 66,000 Walworth Co 1st mtge 4s 1955 3,000 6s debentures 66 Sale O F Al 106 98 99 M 108 M 35 65 62 Warren R R 1st ref gu g 3 Ms Wash Cent Ry 1st g 4s_ J J O M S A A O A O J D A O O iiAssGntcdi Gold 5s — Sale 119M 120 110M HIM 106M 107 M 82 M F A 93 M 101M 7M 101M A O 94 % J J 109M J J 11M 8M MN 5M 4M Convertible deb 4s 1st mtge s f 4s series C 1948 M S .1961 MN _ Negotiability impaired by maturity. a Bonds selling flat. The following , bonds have been called for redemption in their entirety: Brown Shoe 3Ms, 1950, April 13 at 105. Cine. Un. Term. 5s, ser. C, 1957, May 1 at 105. Cleve. Cliffs Iron 4Ms, 1950, April 4 at 105. Gulf States Util. 4Ms, 1946, Mar. 23 at 102MHackensack Water 4s, 1952, Apr. 26 at 109. Nord Ry. Co. 6Ms, 1950, Oct. 1 at 102. North Amer. Co. 5s, 1961, Mar. 6 at 103 M. North I r American Edison. 5s series A, 1957, Apr. 1, at 103. 5Ms series B, 1963, Mar. 15 at 102M. 5s series C, 1969, Mar. 15 at 105M. paris Orleans RR. 5Ms, 1968, Sept. 1 at Sale Sale Sale 94 M Sale" 14 6M 5M 108"" 5 9M Feb. 16 17 Jan. Jan. 26 98M Feb. Feb. Feb. 1 Jan. 3 1 Jan. 97M 98M 69M 69M Feb. 16 Feb. 17 Jan. 10 Jan. 10 16 101M Feb. 10 106M Feb. 28 10 15 69 8 108M Feb. 42M 22M 24M 50H 69 % Feb. 1 109% Feb. 47 109 M 94 M 17 3 107H Jan. 27M Jan. 25 109% Feb. 18 35 Jan. 28 106M Feb. 10 106M Feb. 10 106M Jan. 24 106M Jan. 24 % Jan. 27 % Jan. 9 Feb. 10 Feb. 17 1 107 Feb. 15 Feb. Feb. Feb. Feb. 28 28 15 8 42M Feb. 22M Feb. 23 24M Feb. 20 15 50 Jan. 4 17 Jan. 21 15H Feb. 14 15H Feb. 40M Jan. 14 17 11 41 45M 25M 25M 52M 72 Jan. 4 72 58M Feb. 105H Jan. 27 62 4 21 49 M 28 X 25M 52 M 17 Sale 9 Feb. 20 9 Feb. 21 10 H tfeb. 28 14 9 Feb. 8 9 Feb. 20 13 al0,X Sale 8M Feb. 15 10 H 10 10 % 10 10 106 M 106 M 106 M 62 M Sale Sale 81 80 76 93 98 M 94 M 22y* ttH Feb. 2 107 61 Feb. 2 75 Feb. 17 Sale 92M Feb. 1 Sale 8 88M Feb. 38M Feb. 20 Sale i07m 43 90 109M 106 4 3 4 Jan. 24 95 Feb. 27 38M Feb. 20 46 Jan. 10 86 Jan. 5 11 3 5 98M Feb. 24 90 107 2 107 M 1 107 M Feb. 84 M 90 M Sale 1 80M Feb. 85M Sale 2 86 86M Feb. 90 M 1 105 Sale 105 M 106 M 104 M Feb. 19 M Sale 19M 18M Feb. 10 20 Sale 27 17 26 24 75 106 98M Feb. 24 Feb. Jan. Jam Jan. Jan. Jan. Jan. 59M Jan. 17 95 Jan. 10 Jan. 3 Feb. 15 Feb. 15 Jan. 21 Jan. 23 28 41M Feb. 25 }§* 3 Jan. 27 107 M Jan. 25 66 H Jan. 23 80 Jan. Feb. 107 M 107M Feb. 101M 101M 101H Feb. 18 101M 6 124 M 123M Feb. 107 Feb. Sale" 1 108 M 4 120 M 120M Feb. 120 M Sale 111M Sale 110M Feb. 20 111M Sale Sale 106 105M Feb. 17 106M llOM 2 8M Jan. 28 8M Feb. 15 63 H Feb. 75 Feb. 124 H 125 M 108 M Sale 53 Sale Feb. 2 50 Sale Sale Feb. 12 30 107H Jan. 6 14 17 Jan. Jan. Feb. 15H Feb. 4 12 101M Feb. 72 60 8 Feb. Feb. 23 Feb. 20 Feb. 25 4 Jan. 11 19M "50"" 10 99 6 21 104M 101M 9 97 M Jan. Jan. 55 46 M Feb. 10 106M Jan. Feb. 1 107 Feb. 8 Feb. 101 Vs Feb. 21 Feb. 9 Feb. 4 Feb. 1 Feb. 1 Feb. Feb. Feb. Feb. 28 28 15 123M 105M 119M 110M 105M Jan. 28 107 M Feb. 10 26 107 M Feb. 18 101H Jan. 21 6 124M Feb. 3 108M Jan. 4 120M Jan. Feb. 20 111 M Feb. 17 107 Jan. Feb. 1 9 9 Feb. 4 Jan. Jan. 27 9 Jan. 25 85 M Feb. 23 82M Jan. 104M Jan. 18M Jan. 24 90 M Feb. Jan. 28 24 79 12 Feb. 23 20 Feb. 2 58M Feb. 59M Feb. 14 18 56 28 Feb. 9 58 Jan. 24 59 63 M Feb. 65M Feb. 65 Feb. 28 11 105M 26 23 M Feb. 23 23 X Jan. 28 63 M 7 65 20M Feb. 24 Sale 52 Feb. 2 57 Jan. 17M Jan. 26 Feb. 65 % Feb. Feb. 28 28 19 28 10 55 Feb. 28 26 49 46 Feb. 14 48 Feb. 21 49M Jan. 45M Jan. 21M Jan. 55 H Jan. 27 48 Jan. 3 7 109 H Feb. 96 Feb. 42 19 109M Jan. 3 97 Jan. 20 11 101H Jan. 12 10M Jan. 27 Sale 104 m 109 M 110M Sale 96 18 109M Feb. 94 101H 102 M 101M 102 M 101 % 8M 8M 9M Sale 9M 101 101M 102M 101M Sale 96 96 M Sale 97 95H 109 M 110M 110M Sale 9 "II"" 10 9M 14 8M Sale 8M 7 5 6M 4M 4M 5M 107 M Sale 108 M Sale 107M 108% 108M Sale 109 M Sale 9 7 8M 7M I* Feb. 2 Feb. Feb. 6 101H Feb. 14 9M Feb. Feb. 9 102 H Feb. 14 96 M Feb. 21 110M Feb. Feb. Feb. Feb. Feb. 10 15 Feb. Feb. Feb. Feb. 10M Feb. 8M Feb. 5M 108H 109M 9M 2 28 6 109M Jan. 93M Jan. 101M Jan. 1 6 Jan. 3 101 Feb. 4 21 7 15 Feb. 20 Feb. 7 Feb. 28 Feb. 14 9M 8M 5M 4M 106M 107H 5 4 Jan. 3 28 Feb. 9 102 X Jan. 97 M Jan. 7 94M Jan. 110 Jan. 31 110M Feb. Feb. 10 11M Jan. Feb. 15 8M Jan. 5 Jan. 5M Jan. 3 Feb. 5M Jan. Jan. 30 108M Feb. 9 109 H Feb. Jan. 9 H Feb. Jan. 23 Jan. 28 5 31 9 9 20 21 3 28 5 4 7 28 14 Tube— * , nH 104M 19M Sale llOM Jan. Feb. Sale M S Feb. 90 9 60 M 103 M 107 M 25 Feb. 10M 63 M Sale 65M Sale 64 H Sale 20 % 22 M S Feb. 6 11 62 48 3 10 Sale J 50M Jan. 4 Feb. 38m 59 Sale 50 26 89 \TA 60 % % 21 Jan. 25 44 62 Sale 55 21 20 19 44 60 119,000 Conv debentures 3Ms-1947 1,000 Winston-Salem S B 1st 4s I960 31,000 t AWisconsin Cent 1st gen g 4s__1949 5,000 ACertificates of deposit * ASup & Dul Div& Ter 1st 4s.1936 "5"O6O ACertificates of deposit 94,000 Wisconsin Elec Power 3 Ms 1968 A O 28,000 Wisconsin Public Service 4s 1961 J D 6,000 X AWorces & Conn East Ry 4Ms_1943 J J If % 17 16 MN 3,000 White Sewing Machine deb 6s__1940 MN 87,000 t* AWilkes-Barre & East 1st gu g 5s'42 J D 92,000 Wilson & Co 1st M 4s ser J A_-__1955 J 356,000 176,000 50 35 19 M J Feb. Feb. „ HIM 106 M Sale _ Sale 25M Sale 25 5 Feb. 10.6M Feb. Sale .2361 J 2361 J 50 58M Feb. 19 n 28 10 Sale 22 Jan. 2 28 46 M Feb. 44 Feb. 44 % Feb. 27 23 62 2 Feb. 24 Feb. S 62 M 21M Registered Wheeling & Lake Erie Ry 4s D_1966 *7*6Q6 Wheeling & L Erie RR 1st con g 4s '49 68,000 Wheeling Steel Corp 4 Ms ser A_ 1966 Sheet & 120 M 88 J 27 117M Jan. 26 106 Feb. 101M 102 123 M 107 Sale 104M 111M 23 H Sale Jan. Feb. 72 106 % 25 1953 J AWestphalia Un El Pow 6s Youngstown '38 H Sale 102M Jan. 28 Sale 44 M 89 M 107 M D --1951 J 1960 M S West Shore 1st 4s guar- 92 Sale 90 J M Te~leg"4Ms goldll950 62 M 106 M O M S 10** 50 J O 8M 72 60 Sale Sale Sale 89 45 M 35 1967 A 9M Sale 84 .1950 J 3% 109 M 110 30 M 39 106 M 23 M "48M 91M 92 M Feb. Feb. 14 1 106 M Feb. 62 Sale 50 H iblH A 31 25 123 M 105 M Maryland 1st g 4s -1952 First & ref 5Ms series A 1977 West N Y & Penn Gen gold 4s_ _1943 t AWestern Pacific 1st 5s ser A-.1946 40 M 106 M Sale 76 16 115 99M Feb. 106 M Feb. % Sale Sale J West 108 M 30 72 24 M A. 1963 M S J 1966 J 1952 J D 107 M 107 M 44 12M Sale 12 M Sale 106M 107 M 66 M Sale Feb. Feb. 67M Feb. 67H Feb. 101M Sale 28 25 74 4 Jan. Sale Sale Feb. 30 110M Feb. 30 6 Feb. 2 68 m 67 m 100 M 25 2 Sale Prices Prices Jan. Jan. Feb. Sale Sale ! 1 Highest 30 Sale 24M 13 M 13 Feb. 69 31M 38 28 96 Sale S* M S F Sale Sale 29 Sale Sale D West Va Pulp & Paper 4 Ms Sale Prices 69 50 J A 1945 West Penn Power 5s series E 1st mtge 3 Ms series I_^ Sale Prices SINCE JAN. Lowest 69 M Feb. ^ 74 Feb. 28 110M Feb. 25 uom Feb. 25 98 28 1939 Wash Wat Pow 1st ref 5s Westchester Light gold 5s Gen mtge 3 Ms Gold 5s_ Sale 25 2000 F A M 1948 A 1945 Wash Term 1st guar 3 Ms 1st 40-year guar 4s__ Ask 73 M Sale 110M Highest Sale 96 49 A J J Sale 40 M 100 106 H MN F "28" 105M 105 M M J 1,303,000 Warner Bros Pictures conv deb 6s '39 M 5 143,000 M S Certificates of deposit 87,000 t AWarren Bros Co. deb 6s 1941 M S Western Union Sale A 1955 A 194,000 90,000 61,000 64,000 46,000 132,000 237,010 202,000 29,000 £5,000 9,000 M Sale 66 1958 A O ser A 1966 M S 115,000 t* AWabash RR 1st gold 5s 1939 39,000 *ASecond gold 5s. -.1939 20,000 Alst lien 50-year gold term 4s 1954 7,000 ADet & Chi ext 1st g 5s 1941 *ADes Moines Div 1st g 4s 1939 "8",000 AOmaha Div 1st g 3 Ms -1941 Ask Bid Sale RANGE Lowest 115M 113M 115M 113M Sale 105 M Sale 105 49 38M 42 45M 39M 40 50 45M 48 41M 40 Sale 88 M 89 88 89M 97 M Sale 94 M Sale 94M Sale 94 1934 J J 72 109 M 105M Sale 49 M Sale 49 M Sale 49 M Sale 90 88M 1951 J *AJuly 1914 coupon off Virginia Elec & Pow 3 Ms ser B__1968 M S Va Iron Coal & Coke 1st g 5s 1949 M S J Va & Southwest 1st guar 5s 2003 J 15,000 First cons 5s 243,000 Virginian Ry 1st & ref 3 Ms 8,000 1,000 11,000 10,000 72,000 9,000 24,000 31,000 Sale 1957 M N B IN FEBRUARY Feb. 28 1 113 105 J 311,000 Utah Light & Trac 1st & ref 5s__1944 391,000 Utah Power & Light 1st 5s 1944 212,OOu J*AUtilitiesPow&Lt debg5Ms 1947 257,000 *ADebenture 5s —1959 16"; 000 Bid Ask M S M S 1951 1947 67,000 Vanadium Corp (Am) conv 5s__1941 2,000 Vandaiia consol g 4s A 1955 Feb. 1939 Bid 194,000 United Drug Co (Del) 5s PRICES Price Jan. 3 n. y. stock exchange 109 M 104 M Sale Sale 107 M 104 M Sale Sale 107 M 106 M Sale Sale 106 Feb. f The price represented is the dollar quotation per 200 pound unit of bonds. Accrued interest payable at exchange rate of $4.8484. X Companies reported as being in bankruptcy, receivership, or being reorganized under Section 77 of the Bankruptcy Act, or securities assumed by such a the companies. Deferred delivery sales, only transactions*of current month, and not included in year's range. n Under the rule sales, only transactions'of the current month and not included in year's range. Cash sales, only transactions of the current month, and not included in year's range. r par. t Odd-lot sale. 10 107M Feb. 28 1 106M Feb. 28 104M Feb. x 104M Jan. 110 104M Jan. 106H Feb. 28 Jan. 4 Ex-interest. e The following cash sales during theTcurrent month and in the monthly^or yearly range: Cuba 4Ms, 1949, Feb. 1 at Federal Lt. & were transacted not included are 103M- Trac. 4s, stmp., 1942, Feb. 8 at 102 Mz The following deferred delivery sales were transacted during the current month and are not included inlthe monthly or yearly range: Chile 6s, 1963, Feb. 2 at 15. 6s_assented 1963, Feb. 3 at 11M. New York Stock Exchange MONTHLY AND YEARLY RECORD FEBRUARY 1939 RANGE OF STOCK PRICES DURING 13,873,323 39,055,673 Jan. 1 to Feb. 28 38,678,025 a quoted dollars per share. Prices are on a basis of 100-share disregarded in the month's range, unless they are the only transactions footnote in the month in which they occur. No account is taken NOTICE—Cash and deferred delivery sales are $127,593,000 293,503,000 278,604,000 Jan. 1 to Feb. 28 rule of the Stock Exchange, 1938 1939 $118,993,000 . effective Oct. 3, 1915, all stocks are now of stocks which sell only in a small way. In accordance with lots except in the case February 14,256,094 Shares_ February m 1938 1939 Stock Sales Bond Sales outside of the regular monthly range are shown in a for the year. ... of the month, and when selling of such sales in computing the range AGOREOATE SALES tin ebr February Shares Jan. 1939 Feb. 1 Ask Par 5,800 58 34 * Abott Laboratories 130 45 100 434 conv preferred.---100 10 Abraham & Straus—_—- — * 100 10 1,400 11,200 2,600 36,200 000 900 5,400 33.300 2,400 9,500 2,200 5,500 45 —25 Adams Express * Adams Millls * Addressograph Multlgraph 10 Air Reduction Inc * Air-Way Elec Appli Corp..—* Acme Steel Co.. Sale -— 10 18,100 15,500 12,000 1,000 1,500 2,800 23,000 2034 Sale Sale 5,400 300 6,100 28,900 2,100 33,900 89,500 3,700 95,900 5 Preferred^. 540 5,100 7,700 1234 Sale Sale 10 Sale 1134 1034 Sale Sale 20 4 1234 Sale Sale 62 12 ""934 1034 17434 1134 1234 1034 6934 4334 Sale 13 1134 Sale 934 Sale 62 9,000 4S.400 200 2,900 Am Brake -25 —*00 Preferred 65 Preferred..; & Cable. American Chain I®® * — ....100 5% preferred * American Chicle of Alleg Co N J American Colortype 5,000 11,000 Am Com 9,500 1,260 34,000 25 -10 9,900 3,900 3,900 1,400 1,600 14,600 1,400 3,800 4,000 3,200 6,900 23,000 2,000 5,100 1,300 7,600 12,600 6,300 4,700 32,600 5,000 7,500 7,500 5,200 17,500 60,200 7,300 16,900 4,500 22,400 400 74,600 23,500 33,800 77,200 110 27",800 111,200 6,000 16,000 5,400 2,850 80,700 5,000 5,000 2,800 6,700 2,400 AA Sale 9 Sale Sale 63 434 5 334 3-634 434% conv Amer Safety Razor Co 18.50 1$ Sale Sale Sale 40 Sale Sale Sale 3534 840 27,500 1,400 2,400 130 < , 500 9,300 6,100 3,200 71,500 15,800 30,900 3,600 20,100 229,600 2,000 12,000 159 Sale 158 Sale Sale 19 1834 Sale 6634 6534 16 1434 Sale 1734 1534 Sale 3034 3034 Sale 4634 4534 Sale 13034 13034 133 63 6234 6134 • 4 |r 17,700 42,800 500 $5 prior conv pref 25 .....50 448,700 Anaconda Copper 3,200 Anaconda Wire & Cable—_.* 9,600 Anchor Hocking Glass Corp * 220 $6.50 conv For footnotes see page 40. preferred------* Sale Sale 64 ill* 151 Sale Sale Sale 87 Sale 534 Sale 40 3834 Sale Sale 14934 634 1334 8934 534 ' 3934 634 33 29 148 Sale Sale 82 Sale Sale 12* Sale 85 88 38 2lM Sale 2934 Sale 65 Sale 4434 45 11334 18 114 Sale 24 60 Jan. 6 534 Jan. 4234 Jan. 24 8 Jan. 4 5434 Jan. 4 Feb. 28 5 6 11634 Feb. Feb. Feb. Feb. 20 1 11 834 Feb. 24 2 934 Feb. 9J4 Feb. 28 66 Feb. 16 16 434 Feb. 25 5 21 5 Feb. 234 Feb. 20 1634 Feb. 21 734 Feb. 20 Feb. 21 334 Feb. 6 Feb. 6 934 Feb. 6 19 44 Feb. 1 134 Feb. 1534 Feb. 634 Feb. 1 1 1834 Feb. Sale Sale Feb. 21 1 10 10 2334 Feb. 6634 Feb. 21 1334 Feb. 15 334 Feb. 15 £3334 Feb. 16 3034 49 150 Feb. Feb. *eb. Feb. Feb. Feb. Feb. Feb. Sale 9034 27 26 1334 Feb. 1 434 Jan. 30 Jan. 25 4334 Jan. 134 Jan. 1434 Jan. 27 46 24 23 Jan. 30 2134 Jan. 26 65 13 134 1834 734 3034 7934 1534 434 4034 6 9 Jan. 26 Jan. 25 334 Jan. 27 32 Jan. 26 15 Jan. Feb. 1534 Feb. 17% Feb. 28 Feb. 25 29 3 47 Feb. 28 17 13234 Feb. 6 6434 Feb. 7 6 151 3534 1334 1434 2134 8934 1834 Feb. 15 Feb. 28 Feo. 20 Feb. 18 Feb. 28 2 6 Feb. Feb. Feb. 15 40 7 2 1734 Feb. 20 113 Feb. 4 20 2 Feb. 2734 Feb. 21 Feb. Feb. 21 30 45 7 6 1434 Feb. 9034 Feb. 27 1 534 Feb. 1 8 9 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 30 Feb. 6 4834 Feb. 4334 Feb. 1834 Jan. 4 4 Jan. Feb. 20 7 Jan. Jan. 27 Jan. 24 7 5 5 18 4 Jan. 1334 Feb. 20 1434 2234 84 Jan. 31 91% 1734 Feb. 27 1834 1 15934 14934 Jan. 87 8034 Jan. 26 89 8334 Jan. 26 4 153 147 Jan. 534 Jan. 27 1134 Jan. 26 14% Feb. 18 Jan. 3 Jan. 9 Jan. 4 Feo. 28 Jan. 19 Jan. 16 Jan. 24 Jan. 5 Jan. 20 82 Jan. 4 Feb. 27 5 Jan. 10 Jan. Jan. 10 5 Jan. 7 3634 Jan. 5434 Jan. 2034 Jan. 4 Jan. 31 28 3034 Feb. 2 30 31 28 26 Jan. Jan. 5034 Feb. 27 1734 Feb. 17 45 Jan. 26 A7 Jan. 26 Jan. 23 114 1 8 41 27 Feb. 5 3 5 Jan. 6 114 6 Jan. 20 3334 Jan. 5334 Jan. 4134 Jan. 26 Jan. 2934 Feb. 17 134 60 Jan. 3 6434 Feb. 3 15134 Jan. 150 Jan. 2934 Jan. 26 4 834 Jan. 13 Feb.. 27 1934 Feb.' 11 6 4 3634 Jan. 534 Jan- Feb. Jan. 7234 Jan. 1534 Feb. 3 31 24 3 25 122 14 £26 Feb. Feb. 8 _ Feb. 3 162 Jan. 26 2234 Jan. 38 Jan. 5 Feb. Jan. 23 4 20 Jan. 26 24 16 26 534 Feb. 3434 Feb. Jan. 8 3 3 1534 Jan. 31 1 15 5 1734 11334 114 Jan. 12 14 Feb. 6 38 Sale 24 334 Jan. 19 J4 Jan. 934 Jan. 1634 6234 1334 1534 1234 Feb. 8734 Feb. Sale 52 26 534 Jan. 534 Jan. 14 3 1 Feb. ©434 Feb. Feb. 16 1734 Feb. 27 1 159% Feb. 28 152% Feb. 6 Feb. 8234 Feb. 15 86 2 84% Feb. 23 8834 Feb. 149 Feb. 27 15234 Feb. 15 Sale Sale 2% Jan. 1534 Jan. 734 Jan. 66 12 25 Fee. 11 Feb. 27 1934 Feb. 11 Sale 34 21 26 28 13 Sale 11 27 Feb. 5 Jan. Feb. 10 152 Feb. Feb. 334 Jan. 61 32% Jan. 1934 Feb. 4 834 Feb. 24 5 11% Jan. 4 1034 Jan. 534 Jan. 66 Sale Sale 634 Jan. 13 834 Feb. 21 834 Jan. 26 12234 Jan. 6 20 1 Sale Sale 18 Feb. 6 4834 Feb. 6 4334 Feb. 1634 Feb. 28 3034 Feb. 10 Sale 3 17 Feb. 20 3 10034 Jan. 8 7 Sale Sale 16934 Feb. 2434 Jan. 16 132 3 27 17834 Feb. 26 Jan. 35 2i 160 1734 6234 Sale 1434 Sale 15% Sale 2934 Sale 4334 131 12934 6334 6134 Sale 2 6% Feb. 27 34 Feb. 2a 7034 Feb. 28 6 1434 Feb. 6 334 Feb. 6 3534 Feb. Feb. Feb. 26 19 24% Feb. Feb. 534 Feb. Sale Sale 9 129 88 12034 Jan. 23 161 Sale 155 3 4 2 Sale Sale 6934 Jan. 2434 Jan. 1734 Jan. Jan. 28 1334 Feb. 434 Feb. 20 3034 Feb. 15 Sale 20 55 2 Sale Sale 3 Jan. 2434 Jan. 64 434 Feb. 12 3 234 Jan. 27 Feb. Sale Jan. Jan. 24 24 113 15 1834 Jan. 13 Jan. 23 Feb. 24 Feb. 16 Jan. 26 „ 26 Sale Sale J an. 4 Jan. 3 Jan. Feb. 28 Jan, 5 Jan. Feb. 1634 Sale 15 34 1 21 Jan. Sale 3434 Sale 1134 11 1434 1334 Sale 20 2134 8934 8434 Sale 17 1734 £1734 15234 Sale 15834 Sale 85 8434 500 18 10 Feb. 150 3,000 2,400 2,400 25,700 8,900 13,200 1,400 .6,400 72,000 1,100 2,400 3,100 12,000 1834 Feb. 234 Feb. 24 113 Feb. Sale 28 3 Jan. 19 35 Sale 95,900 49,900 | 28 Feb. Jan. 41 40 33* 25 Feb. Jan. 112 Sa)e Sale Foundries-- Feb. 6 3 Sale Sale 6 17 28 43 Sale Feb. 12% 1234 10% 6934 4334 25 Feb. 6 1434 Feb. 1434 Feb. 24 2 534 Feb. 3 3434 Feb. 8 4534 Feb. 8 134 Feb. 1434 1434 4 Jan. 24 1134 Jan. 24 193 1334. Jan. 13 1334 Feb. l 1134 Jan. 26 61 Jan. 9 6934 3934 Jan. 26 4834 Feb. Feb. 834 17034 1134 1134 834 3 28 4734 Sale 52 2234 Feb. Feb. Feb. 18 119 Sale 73 Sale 19 4934 Feb. Sale 3o34 Jan. 10 Feb. Feb. Sale * American Stores -_-__* American Stove Co •* American Sugar Refining. 100 Preferred 100 Amer Sumatra Tobacco-—--* Amer Telep flt Teleg 100 American Tobacco —25 Class B -25 6% preferred 100 American Type Founders.Am Wat Wks&El * $6 1st preferred * American Woolen..-——--* Preferred— —-—100 Amer Zinc, Lead & Smelt-.-1 Amer Steel 20 112 Sale Sale — Sale 1434 Sale 334 334 * American Ship Building * Amer Smelt & Refining—— * Preferred ----100 American Snuff... -----25 250 6% preferred 100 American Seating 434 124 117 11534 125 24 23 2434 2434 Sale 634 Sale Sale 26 28 16934 Feb. 2734 Feb 43 Feb. 61 1834 634 263i 7034 19 Jan. 834 Jan. 26 Feb. 4 4 4 17 Sale Sale Sale 4 Jan. 13 20 Sale 3334 3 Jan. Jan. 28 28 26 27 17834 Feb. 31 Feb. 14 9 Sale Jan. Feb. Feb. 26 Jan. 2© 8% Feb. 21 1434 434 33* 4 Jan. 9 1 Feb. 4734 Feb. Feb. Feb. 16 132 95 Feb. Feb. 21 7 13 Jan. Jan. Jan. 10 6 Sale Sale 1334 Jan. Feb. Sale 834 Sale 10 7 83 8 Sale 2434 Sale 70 6634 1334 Sale 334 334 35 Sale Sale 434 534 334 1834 AA Sale 934 Feb. 14 34 Jan. 25 56 Sale Sale Sale Sale 6434 122 4434 173 Sale 100 32 Sale Sale Sale Sale Sale l5A 24 3 Feb. 134 1434 1334 16X4. 1234 1834 2834 1234 Feb. 28 1134 Feb. 28 1034 Feb. 27 4 68 Feb. 24 9 Sale 20 3 20 68 28 11634 11634 Feb. 1734 Sale 17 5 Feb. 115 1734 734 4 2134 Jan. 2734 Jan. 6534 Jan. 1.34 Jan. 59 Sale 9M 1 Jan. 2034 Feb. 1534 Feb. 11734 "634 Feb. 11 4 Sale 8 3 6 Jan. Feb. Feb. 24 Feb. 16 1 Feb. 3 Feb. Feb. 21 115 4934 2234 Sale * * --* 1®0 Mill-—--25 preferred 100 6034 1934 1434 5634 634 115 1734 934 Feb. 18 45 134 1734 6034 1934 1334 112 Sale Sale Preferred 14 125 30 Sale American Rolling Sale 2 Feb. 2 112 434 2,020 American News Co new—-_ * 167,500 Amer Power & Light 46,300 jk.$6 prefer red 55,300 % $5 preferred 221,200 Am Radiator & Stand San..* ""640 Sale 1734 Feb. Sale Sale 13 34 preferred Sale 165 Sale Sale conv if* jk ,9334 Sale Sale 6% 18% 88 -* Steamship—10 & Leather—1 *6% preferred 50 Amer Home Products.------1 American Ice --* 6% preferred 100 Amer Internet Corp * Amer Locomotive-----------* Preferred 100 American Metal 2 Sale 8 Amer 3 Sale 12 Foundry.. Machine & Metals Feb. 4034 Feb. 634 4734 Sale Am Mach & 65 Sale 58 Sale American Hide 7 Sale Sale Sale Sale Am Hawaiian 1 Sale 1 preferred A $6 preferred 1134 Feb. 1134 Feb. 934 Feb. Sale 17634 20 4 176 Sale 12934 132 Sale Feb. 10 Sale 9434 17634 2734 4534 2034 Sale -10 100 2d Feb. 28 BB Sale Sale 132 Amer Securities—.-* * 35,200 Am & Foreign Power $7 preferred 12,900 ——* 1 834 Feb. 171 43 129 Amer 200 Am European 100 1734 234 11 Sale Sale 734 Sale Crystal Sugar Co 6% 1st preferred Encaustic Tiling 11 Sale 60 20 Alcohol 18 Sale Sale Sale Foundry Amer Car & 3,700 3,100 980 100 preferred 5 % ( conv American Can "3", 666 4,400 Corp 1 Shoe & Fdry —--* b American Bosch Am Coal Co " 50 -- 6934 22 34 17 U 21* 56 2034 6% preferred 7 Feb. Sale Corp Chemical (Del) new* 10 American Bank Note.. Feb. Feb. Sale * Amerada A* 1034 Feb. 21 934 Feb. 20 9 64 Am Agric 14 13 63 50 preferred 934 Feb. 2134 Feb. 21 1934 cum 68 Sale Sale 6% 20 Sale »34 2 23 15 50 28 3534 Feb. 20 23 173 27 5834 Feb. 18 126 Feo. Feb. Sale 53 Jan. Feb. Feb. Sale Sale 55 126 Feb. 14 Sale 28 18 15 2234 1034 Feb. Feb. Feb. Feb. 2 Sale 9 5834 Feb. 18 126 Feb. Feb. Sale Sale 16 Mfg Feb. 52 Sale Sale 1634 234 200 80 Sale 934 Sale 1,100 2,100 934 1234 Sale Highest Sale Prices 20 23 3 68 Sale 430 900 5734 4034 24,500 2,400 51,100 . if' Lowest Sale Prices 2 3534 Feb. 2 3534 Feb. 3934 Feb.' 28 £3834 Feb. 20 Feb. 25 834 Jan. 27 Feb. 27 1934 Feo. 3 24 Feb. 15 2634 Feb. 28 6 5434 Jan. 26 5934 Feb. Feb. 6 % Jan. 30 2?* Sale 250 200 934 * 10,500 1,000 18,400 3,500 11,500 1 Highest Sale Prices 57% Feb. 20 5834 Sale 126 11834 126 37 3534 4234 3934 Sale 23834 Sale Sale 834 2134 1934 2234 24 Sale 2634 Sale 57 5734 5834 Sale 1 Sale % Sale Sale" 100 Allis Chalmers Ask 4234 4034 Sale 12,700 8,600 23,300 1,550 15,200 24,500 5,000 8,200 129,500 3534 37 34 Sale 500 "7,700 SINCE JAN. Sale Prices Lowest 28 Sale 58 lib Ji 126 * 5,700 Alpha Portland Cement 8,600 Amalg'mLeatherCos. IncNew 1 2,700 2,200 29,700 24,400 Ask Bid Sale * Allied Stores Corp— Feb. 1 66 43,700 Alaska Juneau GoldMin—10 34,200 Allegheny Corp * Pref series A $30 warr'ts- 100 34,900 Pref series A $40 warr'ts. 100 3,700 Pref series A $30 ex-war. 100 4,700 $2.50 prior conv pref 5,200 * 64,300 Alleghany Ludl'm Steel Corp* 10 Alleg & West RR 6% gtd._100 1 5,400 Allen Industries Inc * 13,400 Allied Chem & Dye 5 3,500 Allied Kid Co * 18,700 Allied Mills Co Inc 2",000 Bid Sale 10 Alabama & VicksburC uy.lOU ' RANGE IN FEBRUARY Jan. 3 Shares 3,100 PRICES Price STOCKS N. Y. STOCK EXCHANGE Since 111 26 26 P 33 5 4 N. Y. STOCK EXCHANGE—STOCKS \AL Price STOCKS PRICES IN FEBRUARY Feb. lare Pdr 1. Andes Copper Mining Co_-20 1, Archer Daniels Mid A P W * Paper Co Preferred..; Bid 14* 2* * ..100 ... Armour (Del) 7% pref——100 Ask 121 § 13 Sale Sale 26 2* Associated Investment Co..* 3,4* 94 n 67 * Sale Atlan Coast Line RR.....100 30 Sale 63, 3 2, 1 5 4 184 1 Atl G & W I SS Lines. ——* 5% preferred.. 100 Atlantic Refining 25 4% conV pref series A. -.100 Atlas Corp—......—..—5 6% preferred........---50 —* AtlaS Powder 5% preferred....100 Atlas Tack Corp.-....-.-.-* tAuburn Automobile.......* Austin, Nichols & Co-——* $5 prior A-.-..-.—.-.---* Aviation Corp (Del) The....3 Sale 52* i?H 22* 108 8* 43* 66* Sale 5 Sale 45 48 Sale Sale Sale 12 9 72 Sale Sale" Sale" 47* 90* 77 Sale 90 90 70* Sale Sale A* Sale Sale Sale 22 Sale 111 Sale 106 110 Sale 44 44 64 122 8 Sale ~"6* Sale , Sale 32 Sale * 44* Sale 10 8* Feb. 14 51* Feb. 6 12* Feb. 25 9* Feb. 25 75 56 33 Sale Sale 38* Sale 66 Sale Sale 25* : 6* 12* 21* 106* 8* 7* 13* Sale Sale Sale 45* 63* . 125* 126* 127 Sale 6 6* 6 3* 3* 3* Sale 3 2* 3* 3* 29 28 21* 29* 7* Sale 7* Sale Feb. 27 Feb. 24 Feb. 1 Feb. 27 Feb. 28 Feb. 28 Feb. 28 Feb. 28 Feb. 7 Feb. 10 Feb. 27 Feb. 20 Feb. 23 Feb. 10 Feb. 6 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 12* Feb. 24 £20* Feb. 20 106* Feb. 28 3 7* Feb. 44* Feb. 46 63 Highest 11* Jan. 2* Jan. 25* Jan. 120 101 5 44 65 26 27 25 Feb. Jan. 30 24 Jan. 26 Jan. 4 45* Jan. 9* Jan. 26 12 * 3 62* Feb. 122 Feb. 2 Feb. 8 6 2 3 3* Feb. 7 2* Feb. 28* Feb. 24 6* Feb. 10 Feb. 28 6 9 9 3 24 8 Jan. Jan. 26 23 7* Jan. 26 70 Sale Prices 15* Jan. 15 9 2* Jan. 29* Jan. Jan. 5 51 * Feb. Feb. Jan. 1 7 9 18 31* Jan. 59* Jan. 26 26 20 26 33 90 Jan. 90 Jan. IP «SH 65 58 12* 10* 76* 10* 74* 26 8 3 15 £20* Feb. 20 ,23* 106* Feb. 28 110 24 5 Jan. 26 127 26 18 3 3 Feb. 27 3 11 5 7 24 Jan. 2* Jan. Jan. 66* Jan. 6 Jan. 3* Jan. 5 5 3 Feb. 24 Jan. 9 Jan. « 24 23 4 Feb. 25 Jan. 9 57 122 2 5 4 Jan. 4 10 18 5 8* Jan. 46 Feb. 27 44 25 Jan. Jan. Jan. Jan. 1 25 Jan. Jan. 27 21 7 1Q 95* Feb. 28 Feb. 28 95 4 42* Jan. 4 69* Jan. 3 30* Jan. Jan. 7* Jan. 4 Jan. Jan. 52* Jan. 36 6* Jam 11 6 Jan. 24 Jan. 73 1 8* Feb. 70* Feb. 23 1 51* Feb. Sale 95 • Feb. 21 Feb. 1 77 95* 93 Sale 62* 23* 47 12* 73 52 36 36* 94* 35 90* 9* Sale Sale 33* Sale 4 102 Lowest Sale Prices ' Feb. Feb. «!* 71* 126 29 27* 5* 45* 54* 68 38* Highest Sale Prices 13* Feb. 25 Feb. 2 .27* Feb. 27 120 Feb. 24 103 Feb. 27 1 5* Feb. 8 48* Feb. Feb. Sale 6* 3 2 27 120 . 9 .77 10N 14 13* - 10 95 Sale 13, 37, 2, 9, 40, 1 ' Feb. 54 Sale 75 65 3 49* Sale Sale 137, 5% pref with warrants. 100 5% preferred ev-warr 100 Atchison Top & S Fe 100 5% preferred...—.....100 8* 15 28* Lowest Sale Prices 12* Feb. 2* Feb. 25* Feb. Ask 120 5* 45* Sale 65 Sale Sale 1, .... 38, 57* Feb. 28 A$k Bid 103* 101 101 Sale 47 56 ... 1 118* 101* 102" 5 Armour of Illinois Bid Sale $6 convertible preferred. _♦ 7% preferred —100 Armstrong Cork Co * Arnold Constable Corp.....5 Artloom Corporation.. * 7% preferred 100 Associated Dry Goods......1 0% 1st preferred ....100 7% 2d preferred 100 38, 9, 21, SINCE JAN. 1939 in. 2, 73, 5, RANGE Jan. 3 N. 7. STOCK EXCHANGE Inci Jan. Jan. Jan. Jan. 6 Jan. 24 Jan. 5 6* Jan. 24 8* Jan. 3 17* Jan. 4 Baldwin Locomotive Works 190 L26, 33, 10, 18, 3, 84, 22, 6 V t c when issued.......13 Baltimore & Ohio........100 4% preferred..........100 Bangor & Aroostook......50 5% conv preferred..... 100 Barber Asphalt Corp ..—10 * Barker Bros 5*% preferred.....——50 Barnsdall Oil Co..——...—5 Bayuk Cigar Inc — * 1st preferred....—....100 Beatrice Creamery 25 $5 preferred w w__ "! Beech Greek RR Co.—...50 171, Beech-Nut Packing. —..20 Beldtng-HemingWay———Belg Nat Rys part pref Bendix Aviation Corp ....5 13 Beneficial Indus Loan Corp. * 9 9 1 149 11 8 6 8 37 17* Sale 8 10 29* Sale 90 85* 20* Sale 12* Sale 34 29* 18* Sale 20* Sale w* 96 28* Blaw-Khox —* ... 1, ....* Corp..-5 Bon Ami class A..—...... 1 Bond 113! 72 4, 2 34, 74, 124, 2, 7, 6, 4, 62, 16, 53, 1, 8, 65, L42, 5, 29. 14, 17, 20, 34, 6, 21! 5, 14. 17, 8, 14, 131, 40, 12, LOO, L12, 4, 1, 2, 6, 13, 1, 40, 73, 58, 10, 40, 2. 3, 1. Inc......... Stores 78* 17* 113 $6 preferred Bklyn-Manhattan Transit..* $6 preferred series A...—* Brooklyn Union Gas...——* Brown Shoe, Inc * Bru nswick-Balke-Coll. ._...* Bucyrus-Erie Co.....—...10 7% preferred Budd (E G) Mfg. Preferred 7%. ^ 19* Sale 51 Sale Sale Sale "66* Sale" AlH Sale Sale Sale Sale 21* Sale Sale Sale 1$ lift 52* 24* 46* Sale Sale Sale Sale Sale 20* 43* 28* 45 Sale Sale 105 Sale 27 6* Sale 15* Sale 31* Sale 39* Sale 43 Sale 1* 2* 9* Sale 12* Sale 40* Sale 17* Sale 31* Sale 13 * Sale 11* Sale 95 96 Sale 23* 7* Sale 13* 25 Sale Sale 34* Sale 44 Sale 1* 8* 11* 37* 2 9* Sale 17 Sale Sale' 33* Sale 11 Sale 11* Said 98 Sale Sale Sale 6* 46* 6* 32* Sale Sale Sale * 28* Sale 25* Sale Burlington Mills Corp———1 Burroughs Add Mach.——* 14* 18* Said Sale Sale 14 Sale 17 Sale 10* Sale 10 Sale Sale Sale 21 Bulova Watch.. ... Bullard Co.. Bush Terminal Co....—...1 {Bush Term Bldgs— Pref ctfs of deposit.....100 Butler Brothers 5% 10 .— preferred.......30 Butte Copper & Zinc...——5 Byers Cd—. * Partic preferred i 100 Byron Jackson Co.. ..* Calif Packing Corp........ 5% preferred...........50 conv —— . 2* 9 20* 3* 12* 36* 17* 4* Sale 28 1* Sale 7J 3* Sale Sale Sale Sale P 11* Sale It* 51 Sale Calumet Be Hecla Cons Cop. 5 8* Sale Campbell W 8c C Foundry. i.» Canada Dry Ging Ale..—..5 Canada Southern Ry Co.. 100 17* 3* 10* 33 Sale Callahan Zinc-Lead 1 Canadian Pacific—— Cannon Mills 48 H* —25 —* Capital Admin Co Ltd cl A—1 $3 preferred class A——10 Car Clinch F 8c Ohio Ry—100 Carpenter Steel Co 5 Carriers 8c General Corp....1 Case (J I) Co.—........—100 31* 7* alVA Sale 50 Sale Celanese Corp of America.--* 7% prior preferred.....100 Celotex Corp Pew..——* 5% preferred..........100 Central Aguirre Associates.* Central Foundry Co...—...1 Centra! Ill Lt \Vi% pref.. 100 91 40 85 VkX 69 21* 3* 110 Central RR of N J—......100 Central Violeta Sugar Co.^.19 Century Ribf>on Mills,.——;.* Preferred. 140. ............100 A* 4* 5* 7* 41 84* 117* 47* Sale 106* 109 23* Sale 95 Sale 70 Sale Sale Sale Sale Sale 5 92 Sale 21 Sale 19 45 Sale Sale Sale 20 3* 3* 84* Sale 120 43 SaleSale 105* 107 19* Sale 90 17 64 21* 4* 110* 7 in 88 ) Sale Sale 68 Sale 8* 4* 4* 95 Sale Sale 2* 14* 26* 37* 45* Sale Sale 39 Sale 1* Sale 9 Sale 12* Sale 39* Sale 18* Sale 33* 35 12* Sale 11* Sale 99* Sale 48* Sale 4* Sale 26* 27* 29* 30* 15* Sale 17* Sale Sale im Sale Sale Sale Sale 34* Sale _ 37* 5 31* 6* Sale Sale Sale Sale Sale 49 Sale 32 11* i* 18* Sale 3* Sale 88* snie 120 50 Feb. Feb. Feb. 17 69* 2$ 8 n 94 18 2t Jan. 33 Feb. 5 28 Sale Sale 4*; 5* 101 8* Feb. 6 Jan. Jan. 17* Jan. 98* Jan. 121 Jan. 7* Jan. 72* Jan. 22* Jan. 18 1 17 Feb. 9 110 Feb. 24* Feb. 18* Feb. 1 27 Feb. 28 22 1 20 15 Feb. 17* Jan. 1 1 2 29* Feb. 25 20* Feb. 25 6 53* Feb. 52* Feb., 27 75 19 Feb. 23 19 43 Feb. 17 44 7 32* 27* Feb. 23* Feb. 20 26 105 Feb. 1 110 53 Feb. 1 65 1 12* Feb. 16* 17 Feb. 1 23* Feb. 21 6 2* Feb. 24 Feb. 11 2 7* Feb. 12* Feb. 10 24* Feb. 10 1 34* Feb. 44 Feb. 1 1* 8* 11* 37* Feb. 2 Feb. 24 Feb. Feb. Feb. 1 Feb. 18 14 15 1 16* Feb. 1* Feb. 21 10* 7* 21* 3* 2 Feb. Feb. 21 1 Feb. Feb. 20 10 Feb. 9 7 32* Feb. 14* Feb. 20 16 1 Feb. 49 Feb. 24 15 23 2 Feb. Feb. 10 18 26 115 26 27 Feb. 46* Feb. Feb. 11 15 9* Feb. 14 24 34* Jan. 28* Jan. 3 3 18 10 28 24* Jan. 22* Jan. 104 51 Jan. Jan. 26 2 24 Jan. Jan. 23 33 3 Jan. 11 Jan. 26 1 Feb. Jan. 12 Jan. 26 3 Jan. 26 17 1 Feb. 28 3* 11* 34* 16* 17* 8 Feb. Feb. 28 Feb. 25 6 Feb. Feb. 28 2 49* Feb. 2 Feb. 1 7* Feb. 6 4 15* Feb. 18* Feb. Jan. 41 Feb. 6 83 Feb. 3 2 17* Feb. 3* Feb. 24 5* Feb. 32 7 Feb. 85 Feb. Feb. 26 26 28 28 28 27 26 15 28 23 19 3* 88* 1 121* 1 50* 7 106 10 23* 8 92* 82* Feb. 23 89 Feb. Feb. 15* Feb. 21 2 67* Feb. 20 Feb. 24 3* Feb. 110 7 10 Feb. 2 4 Feb. Feb. 4 88 2 . 83 Feb. 3 2 17* Feb. 3* Jan. 23 82 116 42 "Jan. Jan. 17 26 98 Feb. Jan. 5k 8* Jan. Jan. Jan. Jan. _ 15* Feb. 28 3 18* Jan. 5 2* Jan. 12* Jan. 9* Jan. 23 4 6 3 Feb. 28 Jan. 5 Jan. 4 Jan. 11 Jan. 5 Jan. 49* 2* 8* 17* 20* 44* 5 Jan. 13 17 Jan. Jan. 4 Jan. 18 4 3 31 Jan. 6* Jan. 32* Jan. it* Jan. Feb. Feb. 20* Jan. 3* Jan. 94* Jan. 4 122 5 Jan. Jan. 9 17 18 4 3 7 26 Jan. 25 50* Feb. 28 7 107* Jan. 105* Feb. 9 Jan. 17* Jan. 26 4 Feb. 89 Feb. 8 Jan. 6 Feb. 28Jan. 14* Jan. 26 6 4 17* Feb. Feb. 21 71 Feb. 21 £06* Jan. 26 20 Feb. 24 22* Jan. 11 1 21* Feb. 3 3* Jan. 27 3 5* Jan. 4* Feb. Feb. 6 Ill 8 Feb. 20 A\ 6 8 Feb Feb. 28 Feb. 16 Feb. 28 40* Jan. FeD. Jan. 5 8 18 Jan. 20 16 16 18 19 Feb. 6 26 Feb. 27 42* Feb. 17 42 it* Jan. Jan. Jan. 2 2 2 ll* Jan. * Feb. 15 6* Jan. 26 Jan. 46* Feb. 11 26 5 26 26 24 28 28 9 Jan. 26 29* Jan. 26 Feb. 20 Jan. 26 Feb. 24 14 II 1 4 4* Feb. 21 30* Feb. 15 6 6* Feb. 4 7* Feb. 27 4 24 8* Feb. 23 16 28 Jan. 5 3 7* Jan. 19* Jan. 3* Jan. Feb. 17 4 27 Jan. Jan. Feb. Feb. 28 3 2* Jan. Jan. 10 1 Feb. Jan. 32 39* Jan. 11 Feb. Feb. 4 26 15* Feb. 17* Feb. 20 3 2* Feb. Feb. 28 3 Feb. Feb. Jan. 3 28 1 Jan. Jan. Jan. Jan. 17 44 23 110 24 55 30 16* 12 20* Jan. Jan. Feb. , Feb. 17 24 42* 4* 24* 23* 12* 15* 1* Feb. 17 Feb. 28 Jan. Feo. Jan. Jan. 16 3 25 3 Feb. 27 Jan. 4 Jan. 11 Jan. 7 Feb. 28 Feb. 43 96 6 Feb. Jan. 19 Feb. Jan. 13 20 25 Jan. 13 19 1* 8* 10* 37* 15* 31* 10? 10 2 4 Jan. 22* Jan. Jan. 27 17* Jan. Feb. 23 £20* Jan. 4 36 Jan. 26 12 28 Feb. 28 iiH SH 26 7* Feb. 27 14* Feb. 28 27* Feb. 28 25* Feb. Feb. Feb. Feb. Feb. Jan. 18 26 16* Jan. 23* Feb. 21 31 * 6* 14* 17* Feb. 24 Feb. 24 7* Feb. 28 4 49* Feb. 1 4* Feb. Feb. Feb. 23 Feb. Jan. Jan. Jan. 7§ff 12* Jan. Feb. 13 Feb. 28 Feb. 51* 60* 16* 106* 24 125 24 11 26 29* 26 28 28 Feb. 28 6 2* Feb. 25 8 24* Feb. 98 4* Feb. 28 25 Jan. 5 4 19* Jan. 21* Feb. 18 3 114* Jan. 16 26 19* Feb. 27 20 100 Feb. 24 Feb. _ 6* Feb. 44 28 18* Jan. 49 4 26 Feb. 28 7 41* 17 1 19* 1134 33* Feb. 10* Feb. 12* 10* Feb. 21 11* 98 Feb. 17* Feb. 28 1 114* Feb. 27 13* Feb. 20 42* Feb. 105* Feb. 19* Feb. Sale saie 124 18 114 Feb. Feb. Feb. Feb. Feb. 120 71 19* Feb. 27 Jan. 24* 19* 50* 51* 65* Sale Sale 2 7* Feb. 121 105* 107 23* Sale 92* Sale Sale Sale Sale x7% Sale 18. 4* 116 Sale Sale 108 15 50 Sale S&le 53* 43* ir Sale 32* 18 P Sale Sale 26* 20* 14* Sale 31* OA 7B 8* 75* 17* Sale 114* Sale Sale 4| 18 33 Feb. 28 3 16* Feb; 21* Feb. 18 2 all3 Feb. 2 14 Feb. 28 11* 11 13 15* Jan. 26 9* Feb. 16 30* Jan. 14 14* Feb. 21 Feb. Sale 33* — 7%. preferred.....—...100 Caterpillar Tractor..... * 5% preferred ...—..100 I* \t& Sale 87* Jan. 21* Jan. 70 6 122 48 11 6 2 Sale 30* Feb. Feb. Sale 72 27* 20* 52* 52* 74* 23 4 18* Feb. 11* Feb. Sale 124 Sale 5 Feb. 80 Feb. 24 Sale Jan. 11 Sale 8* 10* Jan. 30* Jan. 16 Feb. 24 100 2 26 23 23 15 21 100 7 Jan. Jan. Feb. 28 19* Sale 99* 100 27* 97* 12* 5* 6* 20* Feb. Feb. Feb. all3 10* 8* 48* 1* 11* 28 Feb. Sale 25 Feb. 17* 9* 30* 14* 24* 2* 7 70 Sale Sale 15* Feb. 28 Sale 55 Sale Sale 15 Sale 16* 20* 27* 2* Sale Feb. Sale 2I* ■It* 3?* i8H Sale 53* 13* 6 9* Feb. 25* Feb. 20 sale Sale —100 Budd Wheel.... 100 * Sale 100 13* Feb. 26 7* Feb. 21 20* Feb. 15 113 25 2* 26* Bristol-Myers Co..—.......5 Brooklyn 8c Queens Transit.* 19* ~55~* Sale Boston & Maine........—100 Bower Roller Bearing Co. . .17 __. Sale 18* 48 32 Bridgeport Brass Co 16* 18* 11* 31* 7* 8* 73* 75* 25* Sale 12* Briggs Manufacturing.—... * Briggs & Stratton * 31 Sale 120"" 122"" (The)—........ 15 Borg-Warner Corp —5 Brewing Corp of America.-3 10* 75 Sale Borden Co g 83* T§~~ Sale 107 * Class B_———— Sale Sale 43* Bohn Alum & Brass 24 7* 20 Boeing Airplane Co Sale 29* Sale Sale 15 6* Sale 72* 29* 19* 123 Blumenthal & Co pref....100 9 Sale Sale 7* Sale 6* 99 Sale Prior pref $2.50 di* ser *3« Best & Co—i—-————* Bethlehem Steel Corp (Del).* 5% preferred .......20 7% preferred 100 Bigelow-Sanford Carpet Inc * Black & Decker Mfg Co.——* 14 113 114 Bloomingdale Bros—...... 184 Sale Sale Feb. 10 28 Feb. 24 Feb. |8 4* Feb; 5 * Feb. 24 95 Feb. 24 It* ft* 110 7 Jan. Jan. 3 111 Jan. 6 24 5 9* Jan. Jan. 3 2 Feb. 24 12 95 Feb. 24 4* Jan. 28 4* Feb. 88 Jan. m March, 1939] AGGREGATESALES Since In February Jan. 12,300 11,400 1,490 " 42,500 2,800 Jan. 3 200 800 2,800 1,700 2,000 2,700 3.500 11,200 2,100 12,000 1,700 300 400 200 900 12,200 500 900 1,700 3,100 51,300 3,700 6,000 30 Sale 10 Sale Sale 89% Sale 3% Sale Sale 87 5,^00 tChic & East 111 RR 100 X 2,700 6% preferred 100 11,700 {Chicago Great Western--100 5.&00 4% preferred --100 6,700 Chicago Mail Order Co 5 3% 12 X 14,100 tChic Mil St Paul & Pacific.* 11,100 5% preferred -.100 28,400 {Chicago & North West.-100 5,300" -100 Preferred 32,900 Chicago Pneurn Tool 3,300 $3 conv preferred 500 Prior pref * * ($2.50 cum dlvs),* 3,300 {Chic Rock 1st & Pac 3,400 7% preferred 2,700 6% preferred 300 Chicago Yellow Cab 5,300 Chickasha Cotton Oil 22,600 Childs Co 100 .--100 —100 * 10 * 280 Chile Copper 25 —5 480,100 Chrysler Corp 12,200 City Ice & Fuel 2,100 6%% preferred City Investing Co 100 .....100 ... — "3,900 City Stores 4,500 Clark Equipment 40 C C C & St Louis Ry 1,230 6,300 —» 40 300 198.900 7,400 480 14,400 200 20,100 100 173.000 184,700 54,600 106,200 2,300 6.400 70 29,100 1,000 90 510 3,400 5,100 209,500 19,000 6,200 50,500 900 1,800 600 900 10,200 27.400 15,300 3.500 19,400 —100 * — * 100 5% preferred Co * 17.255 Colorado Fuel & Iron Corp.* 930 Colorado & Southern 100 1.100 4% 1st preferred 100 350 4% 2d preferred —100 1,700 13,100 460 23,900 2,500 270 3,000 400 2,600 4,300 7,200 128,300 46,300 30 100 * 20,700 Congoleum-Mairn Inc....--* Congress Cigar * """400 Conn Ry & Ltg 4)4% pref. 100 77,400 Consol Aircraft Corp-------* 3,100 Consolidated Cigar.... * 150 7% preferred ....100 1,090 6X1% prior pref 100 Consol Film Industry.... —1 * preferred Consol Edison Co of N Y Inc * $5 preferred mm mm m,m m ^ Consol Laundries Corp—-.5 Consolidated Oil Corp---—* 6% pf-100 5,100 Consolidation Coal Co vtc-25 900 5% preferred v t c 100 2,300 Consumers Pow Co $4.50 pf. * 27,900 Container Corp of America-20 47,100 Continental Bak cl A--—-—* Class B * 32,900 4,900 8% preferred...—.....100 Consol RR of Cuba Continental Can-...—-..-20 —* $4.50 preferred.. Continental Diamond Fibre 5 Continental Insurance. .2.50 Continental Motors....----1 5 Continental Oil of Del Continental Steel Corp-..--* Corn Exch Bank Trust Co—20 Corn Prod Refining......-25 Preferred..-.---—-----100 —-—1 Coty Inc Crane Co -— preferred conv pref w w -—...... Cushmans Sons * 1 7% pref..100 2,300 $8 preferred...........—* 21,000 Cutler-Hammer Inc........* 4,300 Davega Stores Corp-...--—5 200 1,400 320 Conv 5% preferred 25 1,200 7,400 Davison Chem Corp (The)..1 520 Dayton Pr & Pt 4%% pref 100 see page 40* 21% Sale 88 Sale % X 3 2% 3 Sale % % % Sale % Sale 2% 3% 16% Sale 36% Sale 45% 48% 2% 11% 4 # si 12% 10 13 Sale Sale Sale 34% 100% 29% Sale 23 Sale 37% 89% X 2% % 2% Sale Sale X Sale 29 Sale Sale 11% 11% % Sale 1 Sale % 2% Sale Sale Sale 18% 37 39 45% X 1% 1 8% 12% 11% 30 80 80 80% 80% 62 47% 62 54 3% Sale 18% 19% 69 70 60 25X Sale .27 .31X 59 x 127 X Sale 60 .000 113 Sale 24 Sale 75 77 Highest Sale Prices .13% 28% 75 Sale 52 25% Sale 128% 132 .32 130 Sale .30 61 Sale 29% 61% Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. x Feb. 2% Feb. 11% Feb. x Feb. % Feb. % Feb. 2% Feb. 16 12 15 99% Jan. 23% Jan. 25 26 26 27 17 8 52% Jan. 13 Jan. 47% Jan. 5 4 4 101% Jan. 13 30 Jan. 11 Jan. Feb. 3 25 Feb 28 28 31 24% Jan. 39% Jan. 5 37% Feb Feb 27 86 Feb. 27 Feb 2 Jan. 14 Jan. 4 23 89n 2% Feb 6 Feb j* 1* «¥> 2 Feb 7 25 Feb Feb 2 Feo 28 Feb 1 19% Jan. Jan. Jan. % Jan. 2% Jan. X Jan. 2% Jan. 11 Jan. % Jan. X Jan. X Jan. 2% Feb. 2% Feb 6 Feb 25 15 Feb 24 Feb 3 Feb 6 Feb 7 16 37% 46% % IK Feb. Feb. Feb. Feb. Feb. Feb Feb it* Feb Feb liHFeb Feb. 10% Feb. Feb. 28 24 8 2 80% Feb 10% Feb 28 82 72% *eb. 9% Fee. 79% Feb. u Feb 6 4 Feb 28 1 1 Jan. 48 Feb. 10 Feb. Jan. 6 5 Jan. Feb. 28 33 Feb. Jan. % 1% 1% 8% 14% 13% Jan. 9% Jan. 28 Jan. 3% Jan. 20% Jan. 37% Feb. 24 Jan. % Feb. 8% Jan. 12 4 Jan. 12% Jan. % Jan. 1% Jan. 34% Jan. 45% Jan. % Jan. Feb. 35% Feb. X IX % 8% 39% Jan. 9% Jan. 37% Jan. Feb 99% 25% 8% 20% 33% 86% % 2% 44% Feb. 3 11% Feb 25 43% Feb 27 101% Feb 29H Feb 6 Jan. Jan. Jan. 3 5 3 11 5 66% Jan. 9% Jan. 84 Jan. 10% Jan. 9 79 82 Feb. 9 4% Jan. 24% Jan. Feb. 3 4 Jan. 60 3% 4 21% Sale 68 41 9% Feb. 10 39% Feb. 10 28 74 3% Jan. its 23 21% Feb Jan. 69 Feb 68 Feb>. 26 10 1 115 Feb 111 Jan. Feb. 3% Feb. 16 20 68 Feb. 2 Feb. 10 Sale 93 Sale Sale 145 Sale 62 77 Feb. Feb. Feb. 6 77 Feb 74% Jan. 42 Sale Feb. 15 42 Feb 42 113 24 1 24 28% Feb Jan. 69 3 115 1 23 3 4 Feb. ?§* 77 Jan. 42 Jan. Feb. 49% Feb. 23 55% Feb 25% Feb. *-30% Feb 131% Feb. fl82 Feb 127 Feb. 21 131% Feb 61 Feb. 1 61% Feb 49% *eb. 23 60% Jan. 23% Jan. 26 30% Feb. 24 Feb. 14 5 132 127% Jan. 13% ffeb. 15% 104 101% Feb. 27% Feb. 10 32 103% Feb. 20 105 11% Jan. 101% Feb. t? Jan. 26 133 7 61% Feb. 6 21 15% Feb. Jan. 36% Jan. 103% Feb. 20 106 Jan. 16 125 58 Jan. Jan. 1000 Sale 13% Sale .02 X 103 35 X Sale 102% 28% 104% Sale 14-hi Lowest Sale Prices Sale Sale 42 54"" Highest Sale Prices 46 10% Sale 80% 52 4% Sale Sale Lowest 47 Sale 1% 1% Sale 13% Sale 80 .05 20 107 50 21X OX OX 7X Sale SaleSale 7X Sale Sale Feb Feb 25 Feb Feb 104 Jan. 9 5 9 24 15 Sale 19% 18 Feb. Feb. 24 Sale 5 Sale 83 6% Feb. 20 6 6% Feb. 7% 4% 14 10X Sale 10X Sale Sale Sale 15% Feb. 11 15% Feb. 24 93 Sale Sale 8i 15 Sale Sale 29 30% Sale Sale 7x 50 16% Jan. 28 23% Jan. 5 Jan. 4 9% Jan. 7% Jan. 3 4 20% Feb 6% Feb 28 28 5 Jan. 23 7 Feb 28 24 6% Feb 6 6% Jan. 5% Jan. 16% Feb 16% Feb 2 8 13 Jan. 28 11% 28% 7% 75% 30% Feb 28 6 26% 6% 74% 62% Jan. Jan. Jan. Jan. 26 30% Feb. 28 13 83 Feb. 51 Feo. 107% Feb. 1 46 Jan. 26 57 Jan. 9 Feb 88% Feb 83 Feb 7 8 55% Feb 28 6 109% Feb 10 58% Feb Fee 14 110 24 Sale 109% Sale Sale Sale' Feb. 111% 110 Sale 11% Feb. Sale 1% Feb. 1 13% Feb 2% Feb Sale Sale Sale 48 Feb. 1 63% Feb 28 Sale Sale Sale 27% Feb. 1 28% Feb 25 Sale 8% Feb. 20 1 25% Feb. 8% Feb 28% Feb 1 Sale 28% 8 54 Feb. 1 28 14 25 6 27 3 4 85 Feb 27 76 Feb. 3 87 Feb 25 82% Jan. Sale Feb. 4 105% Feb 6% Sale 9% Sale Sale Feb. 3 28 16 Sale Feb. 1 Sale Sale Feg. 23 3% Sale 14% 17 Sale Feb. 15 Sale Feb. Feb. 1% 27 6% 8% 3% 3 % 13 Feb Feb Feb Feb 8 6 27 9 3 Feb 3 Jan. 3 si* 87 Jan. 24 13 11% Feb. 34% Feb. 1% Feb. 9 8 Jan. 4 M 2% Feb. 23 2% Feb. 15 11% Feb. 94 Jan. 13 28 12% Jan. 26 1 21% Feb 28 16 Jan. 26 Sale Sale Feb. 2 2 Feb 6 Feb. 2 99 Feb 27 21 Feb Feb Feb Feb Feb Feb Feb 54% Feb Feb. 3 Feb. 10 Sale Feb. Sale Sale 24% 50% Sale 63% Sale Sale 28 Feb. 1 Feb. 1 Feb. 7 54% 40% 14% 8% 35% 3% 27% 27% 66 26 2 Jan. Jan. 26 99 Feb. 3 27 28 38 Jan. 26 44 Jan. 4 3 113 Jan. 115% Jan. 18 5 10% Jan. 28 35% Feb. 28 1 28 1 2 Jan. 26 25 49 Jan. 26 Feb 28 74% Feb 10 17 Feb. 1 6 Feb 17 Sale Sale Feb. 9 34 Feb 28 Sale Saie Feb. 10 06 Feb 1 Sale Feb. 6 29 Feb 28 Sale Sale Feb. 10 10% Feb 2 Sale Sale Feb. 14 35% Feb Sale Feb. 24 Feb. 86 Sale 43% Sale 9% 33% 35 33% Sale 38% 34 Sale 87% 89% 39% Sale Jan. 2% Feb. 10 26% Feb. 28 32 21 Feb. 27% 99% Feb. 10 110 27 28 28 36 Jan. 23 33 Feb. Sale Feb. 2 12 Jan. 24 Feb. 20 9 91 10 28 28 85% Jan. 34% Jan. 28 Feb. 26 82- Jan. Jan. 24 26 96 4% 3% 59% 13% Sale Feb. 9 Feb. 15 6 Sale Feb. 7 11 65 Sale 15 Feb. 3 28 Feb. 23 6 Feb. 21 1 Feb. 17 Sale Sale Sale Sale Feb. 28 25% Sale Sale Feb. 1 11 Feb. 21 6 435* 7 ll* 20 } 5 16 Sale Sale 83 Sale Sale 6% 7 18 Sale. 18 Sale 111 Sale Sale 16 3 Jan. 4 Feb. 25 Jan. 3 Jan. Jan. 6 17 3 Jan. 3 Jan. 7 Feb. 5 3 28 12 14% Jan. 4 Jan. 10 47% Jan. 4 Jan. 6 Jan. 21 Jan. Jan. 28 3 Feb. Jan. 26 65% Jan. 3 4 21 16% Jan. Jan. 9 28 26 48 Jan. 6 1 24 Jan. 3 5 Feb. 3 20% Feb. 10 5% Feb. 15 17 Feb. 23 22% 6% 17% 7% OH Feb. 24 109 Feb. 28] 111 6 *eb Feb Feb 23 Feb 3 Feb 1 25 24 6 28 78 Jan. 3 Feb. 6 24 83 55 Sale Jan. 11% Jan. Feb. n*Jan. Sale 8 Jan. Jan. Sale 86 14% 26 29 8 16 35% 5% 56% 13% 3 16 Feb. 4 31% 29% 54% 66% 61% Jan. 26 173 Feb. 17 176% 6 3% Jan. 26 9 38 28% Feb. 26% Jan. 8% Jan. 31 Jan. Sale Sale 6 7% Feb. 20 28 Sale 32% 5 3 10 1% Jan. Sale 176 Jan. 6 6 89 4% Sale 173 27 7 20 Sale 106 18 10 Feb. Sale Sale Sale Sale 40 Sale 6% Feb. Sale Sale 8% Sale 107% 110% Feb. Sale 3% Sale 27% 26% 9% 41% 38% 33% 14% 17 Sale 114% Feb. Jan. 9% Jan. 3% Jan. 3% Jan. 95% Jan. 20 3 16% Jan. 21% Feb. 28 95% Feb 14% Feb 18 14 39% Sale 114% 115 8% Sale 33% Sale 10iS 5 15 Feb. t4 Sale 48% 3% 1 28 Feb. 99% Feb. 29% Jan. 101% Jan. 5% Jan. Feb. 93% Jan. 2% Jan, Sale 96% 8 11 Sale 95 6% Sale Sale Sale Sale Sale Sale Sale 83 5 12 16% Sale 19% Sale 6% 4% 65% 15% 5% 47% 7% 28% 74% 25 27 28 14 91 Feb. 8Y Feb. 30% Jan. 27 25 5 8 6 28 Feb. Sale Sale Feb. Feb. 84 2 66% Sale 176 176% 4% Sale 3 14 25 Feb. 6 Feb. 28 Feb. 3 5% Jan. 18% Jan. 6% Jan. 1% Feb 11% Feb 34% Feb 53 Jan. 28 25 28 7 1 Sale 113% Sale Sale 3% Sale 31% Sale 27% Sale 7 8 3 24 Feb. 22% Feb 8% Feb Sale 86 43% 112% 10% 34% Feb. 9 25% J an. 2 1 1 2 Feb. 88% Feb. 24 Feb 15 Feb. Feb. 92% 3 4 26 14 Feb. Feb. 94 4 Jan. 27 Feb. 6% Sale 3 9 4 J an. 7% Jan. 24% Jan. Sale Sale l02 3 Jan. 10 109% Jan. 27 60 Jan. 11 110 9 13% Jan. 3 2% Jan. 3 63% Jan. Jan. 25 Sale Sale Sale Sale 1% 10% 31% 105% 49% 107% 10% 1% 45% 26% 13 Jan. Jan. 7 5% Sale 25% Sale 8% 8% 75% 78 84 28 11 3 xl3 8 Sale 7x Sale 29% Sale OX Feb 17% 16% 93 15% Feb Sale Sale 27 15% Jan. 28 15% Jan. 28 81 Feb. 23 87 Feb. Feb. 16 1 Feb. 1 Feo. 2 71% Feb. Sale 07 X 108% 60 Sale l08% 11% IX 46 27% Feb. 23 Sale Sale 65 Sale Sale Preferred 100 710 8,900 Cudahy Packing.. —-—50 17,700 Curtis Publishing Co (The).* Preferred * 15.800 438.600 Curt las Wright Corp.——--1 For footnotes 20% 34% 10 38 120 "5,400 7Y* .00 10% 73 l10 Crosley Corp (The).——-* Crown Cork & Seal— * Class A 100% Sale 26 Sale Sale 25 Preferred ex-warrants * 2,500 43,700 Crown Zellerbach Corp-.—.5 $5 conv pref — * 1,680 89,000 Crucible Steel of Amer——100 Preferred .......100 3,900 560 Ouba RR 6% preferred.-.100 10 10,900 Cuban American Sugar 119,850 99 Ask 43% Sale 11% Sale 42% Sale 78 x 101) Cream of Wheat ctfs.......* $2.25 Sale 83 57 9,200 Conte-Nast Publications 400 Sale 40 31 75 53,900 Comm'l Investment Trust—* 800 $4.25 conv pref ser oi '35--* 394,800 Commercial Solvents --* 387,300 Commonwealth & Southern 83,500 $6 preferred -* 220.700 Commonwealth Edison Co-25 conv Sale 42% 10% 35 10 6% pref series A 5% preferred 51,300 Commercial Credit 1.100 4%% conv preferred 780 5% 1 Sale Prices Jan. 31 Ask Bid Bid 33 100 —100 12,700 200 900 2.50 2.50 * 9,000 Columbia Pictures Corp vtc_* 1,100 $2.75 conv pref ----* 457,300 Columbia G & El common--* 94,000 30,800 5,200 2.100 4,800 14,200 SINCE JAN. Broadcasting System Inc class A 7,800 Class B 5,800 Columbian Carbon v t c 48,000 2,200 8,200 21,900 399,500 57,100 9,700 3,360 24,300 1,800 115,100 85,800 12,700 5,600 13,200 32,000 1,100 2,500 8,500 54,000 24,200 3,200 1,150 10,600 Sale Sale Sale OX Sale Sale Sale Sale Preferred $2 partlc X IX IX 8% 13% 13 X 50 42 12,800 Collins & Aikman 12,500 526,220 36,400 11,200 136,700 4,400 47 Sale Sale 77 * Coca-Cola Internat Corp---* 76,155 Colgate-Palmolive-Peet Co--* 5,000 6% preferred -.100 7,000 % Sale 3% Sale 19 % Sale 36 38 X .11 28% 70X 6,900 Coca-Cola Co (The) 2,800 Class A 11,400 Sale Sale Sale pref--* Cleve Elec 111 $4.50 ser Columbia 3,200 1,700 1,700 2,600 X 1 22 X 50,100 Climax Molybdenum Co * 111,500 Cluett, Peabody & Co---—* 970 X * 5% pf 100 Cieve Graphite Bronze (The)l 160 Cleve & Pitts RR Co 7% gtd 50 30 Special gtd 4% stock 50 180 3% 10 Colonial Beacon Oil 390 260 .01K 102 X * 5 -—* 25 170 "e.soo Sale —100 100 900 50% Sale 11% Sale 42 Preferred series A 10 1,300 Ask Bid 8% 23 % 38% 130 19,700 51,800 6% prior preferred 10,900 Common. 2,400 Checker Cab 10,000 Chesapeake Corp 222,000 Chesapeake & Ohio 40 430 1 -.100 Champion Paper & Fibre Co 740 6% preferred 100 170 178,900 4.000 * Pasco Corp 64.300 Certain-Teed Prod 200 500 Par 4,200 RANGE JANUARY 1939 1 6,130 IN Jan. 3 42,300 Cerro de 280 7,100 1,900 2,900 PRICES Price stocks N. T. STOCK EXCHANGE Shares Shares 33 n. y. stock exchange—stocks 46 Jan. 9 24% Jan. 6% Jan. 4 18% Jan. 26 5% Feb. 15 16% Jan. 28 109 6 17% Feb. 25 3 8 H Jan. 28 Jan. 26 Feb. 28 111 6% Jan. N. Y. STOCK 34 AQQREQATESALES February Price STOCKS N. Y. STOCK Since In 60,100 3,600 2,600 25,200 19,000 800 2,000 1,360 5,000 2,400 3,000 15,000 500 600 740 5,700 18,300 1,100 62,100 2,800 1,600 25,200 Feb. Par * 20 4,100 Deisel-Wemmer-GilbertCor 10 100 82,300 Delaware & Hudson 50 61,500 Del Lack & Western 2,400 JDenver Rio Gr & Wes prf 100 -—---100 4,100 Detroit Edison * 4,310 Devoe & Raynolds A -* 11,200 Diamond Match 5,500 Participating 6% pref—25 7,100 Diamond T Motor Car Co—2 430 44,000 1,600 6,600 210 12,200 2,900 22,900 28,300 Preferred Bid Ask 20 54 2454 15 Sale 25 1554 2454 Sale Sale 8 154 V* 0 113 34 Sale 3054 3054 Sale 42 Ask Ask Bid Sale 19 irA Sale Sale 1954 Sale 654 Sale 54 Sale 117 114, 2154 2454 1454 23 54 754 154 120 1 19 Feb. 20 Sale Sale 125 Sale Sale 2954 Sale 32 41 Sale 4154 754 Sale Sale 1754 C,VA Sale 854 20 54 Sale Sale 20 30 Sale Sale 654 54 11554 2754 2954 40 54 754 1754 8054 1054 1454 Feb. 25 23 54 Feb. 754 Feb. Feb. 20 Feb. Feb. Feb. Feb. 1 154 Feb. 4 12354 Feb. 10 3054 Feb. 1 Feb. 17 Feb. 21 Feb. 1 3254 4154 854 2054 Feb. 28 1 2354 Jan. 1254 Jan. 1854 Jan. 26 Jan. 24 6 4 25 Feb. 11354 Jan. 20 1 Feb. 28 Feb. 25 79 Feb. 7 11 1054 Sale Feb. 9 ft* Feb. 34 54 Sale 33 Feb. 1 35 Feb. 24 Sale Sale 1754 Sale 16 Feb. lu 18 Feb. 3 33 Sale 17 32 Feb. 28 Jan. 7 554 7854 13254 1654 1154 6 Sale Sale Sale Sale 30 54 Feb. 20 3254 6 Feb. 24 6 554 6854 Feb. 10 7554 7254 Sale 3 119 Sale 11754 11854 11454 Feb. 954 854 Feb. 15 954 954 Sale Sale Sale 14 1754 1154 Feb. 14 12 12 11 1054 Feb. 24 1154 Sale 554 6954 11754 854 18* 85 32 654 Sale 110 154 Sale 14654 115 Sale 138 Sale 137 138 119 123 116; 11734 16; 754 Sale Sale 113 54 149 41* 654 184 Sale 172 17554 2534 354 34 54 1554 Sale Sale Sale Sale Sale 181 254 1154 3754 3354 Sale 118 Sale Sale Sale Sale Sale oll7 17 24 26 23 86 Jan. 3C Jan. 31 1554 Jan. 3054 Jan. 2? 1254 3554 22 54 3354 5 Feb. 24 18 Jan. 24 Feb. 8 Feb. 16 Feb. 2 Feb. 24 6254 11454 854 1154 1054 11154 Feb. 16 115 Feb. 16 146 Feb. 138 Feb. 21 15054 Feb. 2 14054 Feb. 28 Sale Sale 11854 Feb. Sale 117 Feb. Sale 13 Feb. 115 6 6 54 6 54 170 17154 Sale 180 180 182 25 Sale 2254 2 54 Sale 254 33 54 Sale 2954 1254 1254 Sale 2354 254 Sale 30 Sale 1254 Sale Sale Sale Sale 254 1054 3654 Sale 33 Sale 254 Sale 1154 Sale 3954 Sale 3554 Sale Sale 2854 Sale 30 Sale Sale 154 154 3154 Sale 3 120 28 Feb. 8 6 11854 Feb. 9 1754 Feb. 28 Feb. 20 26 14 Feb. 27 Feb. Jan. Feb. Feb. Jan. 142 Jan. 136 54 Jan. 11754 Jan. 11554 Jan. 13 Jan. 12 Jan. 9 Jan. 16 3 Jan. Jan. 6 Jan. 6 7854 Jan. 3 6 12 Jan. 25 4 115 Jan. 26 156 54 Jan. 25 14054 Feb. Jan. 26 121 4 24 Feb. Jan. Jan. Jan. Jan. Jan. 26 2 Jan. 23 1 Jan. 16 4 25 24 17554 2054 254 2654 1154 1 20 11 5 170 4 4 25 13 1 Feb. 28 Feb. 27 Feb. 28 Feb. 16 4 Feb. Jan. 1154 Jan. 1954 Jan. 8 2554 254 3354 13 54 Jan. 14 24 6 3 Jan. Jan. 654 Feb. Feb. Feb. Feb. Feb. 4 9 54 Jan. 2054 Feb. 3 135 Feb. Feb. 23 175 Feb. 15 18354 Feb. 554 Jan. 5 Jan. Feb. 1554 Jan. 7954 Jan. 33 7 Jan. Jan. 26 Feb. Sale 11054 115 14054 11854 11854 11954 Feb. 26 Jan. 11 Sale 83 Feb. 26 1554 2554 854 154 12354 32 54 2854 Jan. 26 4054 Feb. 17 Feb. 33 85 1 3 27 86 Sale 1054 Sale Prices 2154 Feb. 28 9 26 24 Sale 84 Highest Sale Prices 17 Jan. 26 28 1254 3454 2254 100 —5 10,400 Eastern Rolling Mills 16,400 Eastman Kodak Co of N J—* 310 6% preferred 100 30,000 Eaton Mfg Co 4 * 10,000 Eitingon Schild 5 69,000 Electric Auto Lite (The) 3 151,200 Electric Boat 1254 Feb. Sale Sale (El).20 Du Pont de Nem & Co Sale Lowest Highest Sale Prices 2154 Feb. 28 26 Feb. 7 Sale Prices 1 1854 Feb. 1 24 54 Feb. Sale 28>4 6% non-voting deben—100 $4.50 preferred * 880 Duquesne Light 5% 1st pf 100 1 80,700 Eastern Airlines Inc 60,700 5,900 2,800 Sale Sale 854 Lowest Feb. 28 1 Bid 12 115 800 Duplan Silk 90 8% preferred 50 19,300 3,000 1,200 Deere & Co 37,600 Distil Corp-Seagrams Ltd—* 1,200 5% pref with warrants. 100 * 2,200 Dixie-Vortex Co— Class A-----------------1,710 10,900 Doehler Die Casting Co-—--* * 41,100 Dome Mines, Ltd * 2,300 Dominion Stores Ltd 225,800 Douglas Aircraft Co Inc * * 10,500 Dow Chemical Co.. * 6,300 Dresser Mfg Co 1 54,100 Dunhill International 300 SINCE JAN. 1939 Jan. 1 126,000 7,200 RANGE PRICES IN FEBRUARY Jan. 3 EXCHANGE Shares Shares EXCHAKGE—STOCKS 27 5 18 5 28 5 11854 Feb. 27 1754 Feb. 28 8 Jan. 4 23 18654 Jan. 3 183 54 Feb. 5 8 5 4 24 2554 Jan. 3 54 Jan. 3454 Jan. 26 1554 Jan. 4 Feb. 28 26 4 Elec & Musical Ind— 8,700 68,300 27,100 6,500 3,700 800 9,700 300 740 105,300 2,400 1,400 1,700 5,300 7,700 5,000 700 17,500 211,100 67,400 19,000 14,800 2,500 20,300 1,800 1,330 266,000 4,200 3,700 2,900 9,400 51,100 16,900 4,100 American shares Elec Power & Light $7 preferred $6 preferred — 6,400 12,700 1,100 430 7,800 3,100 2,800 320 El Paso Natural Gas 500 8,700 30 7,500 1,800 10,100 23,400 1,300 500 1,300 3,100 610 9,200 30 1,000 —* -3 50 5% preferred -100 Engineers Pub Service-, 1 $5 conv preferred * $5.50 preferred w w * $6 cum preferred * Equitable Office Bldg-- —-* 100 Erie Railroad 4% 1st preferred 4% 2d preferred Eureka Vacuum 100 100 RR Co--50 Clean 5 5 19,000 Evans Products Co 3 40,400 Ex-Cell-O Corp -* 2,300 Exchange Buffet Corp 790 Fairbanks Co 8% pref—-100 * 33,700 Fairbanks Morse & Co 7,200 Fajardo Sug Co Porto Rico.20 5,500 Federal Light & Traction--15 6 preferred 530 * Smelt—100 100 Truck * Works -* 300 Federal Mining & Preferred 2,200 2,800 1,000 Co End icott-Johnson 11",500 100 ~3", 500 30 Elec Storage Battery Elk Horn Coal Corp Erie & Pittsburgh ~4~ 900 — 25",700 Federal Motor 4,900 Federal Screw 6,100 Federal Water Service A—— * 3,200 Federated Departm't Stores.* 1,800 4)4% preferred 100 18,600 Fidelity Phenix Fire Ins.2.50 50 Filene's (Wm) Sons Co * 23,600 Firestone Tire & Rubber—10 5,800 6% preferred series A—100 -—* 28,900 First National Stores * 81,600 Flintkote Co (The) * 2,300 Florence Stove Co 2,200 Florsheim Shoe (The) cl A--* 5,700 JFollansbee Bros 7,000 Food Machinery Corp—---10 4)4% conv pref 100 I,040 10 41,600 Foster-Wheeler 270 7% conv preferred * —* 3,400 Francisco Sugar Co 100 110 Franklin Simon pref 70 10 7,100 28,500 Freeport Sulphur Co 2,100 4,200 5,500 Gabriel Co (The) Class A—* 1 12,600 Gair Co Inc (Robt) $3 preferred 10 4,100 * 1,050 Gamewell Co (The) 80 Gannett Co Inc conv $6 pf--* 9,900 Gar Wood Industries Inc—3 5 4,500 Gaylord Container Corp 5)4% conv pref 50 1,900 * 15,000 Gen American Investors $6 preferred * 500 5 28,400 Gen Amer Transp Corp 5 37,100 General Baking Co..1st preferred * 450 --5 4,300 General Bronze-* 58,600 General Cable Class A * 8,700 Preferred 7% 100 2,000 General Cigar Inc— —* 4,700 1,200 430 60 3,300 2,400 500 2,800 "8,500 20,100 310 1,300 21,900 3,600 700 2,100 . — - 600 10,300 90 2,700 480 242,400 3,100 320 Preferred (7) —-—---100 * 395,900 General Electric —-* 76,400 General Foods $4.50 preferred. * 3,500 27,400 General Gas & Electric cl A- * $6 conv preferred A—-—* 190 * 6,600 General Mills 1,180 667,300 8,500 6% preferred — --100 General Motors Corp--—-10 Preferred (5) ---* 80 1,200 Gen Outdoor Advertising A * Common —* II,600 10,000 General Printing Ink-——-1 $6 preferred —* 260 2,300 7,200 * 6,200 General Public Service 26,400 General Ry Signal-———-* 500 3,000 3,400 180 70 5,700 2,100 5,700 2,050 7,600 1,200 50 38,500 14,200 3.500 29 Sale 43 39 11054 954 6654 llY* 76 6% preferred -—100 Utilities Corp 1 $6 preferred * Gen Realty & 24,400 4,700 28,600 General Refractories-5,270 Gen Steel Castings $6 pref--* 14,900 Gen Theatres Equip Corp--* -* 2,500 Gen Time Instrum Corp 6% preferred 100 50 68,700 General Tire & Rubber Co--5 45,000 Gillette Safety Razor—.——5 $5 conv preferred-...-—.* 6,300 For footnotes see page 40* Sale Sale 6854 Sale 78 Sale 154 Sale 30 41 3954 111 110 954 Sale 40 10554 1054 Sale 41 Sale Sale 30 3954 10554 954 7054 74 Sale Sale 77 54 Sale 75 80 8454 154 154 Sale Sale 8054 154 154 354 7454 73 75 7754 154 154 54 154 Sale 2 Sale 454 254 Sale 4 Sale 4 Sale 2 Sale 254 c V/s Sale Sale Sale 254 2 Feb. 1 3 Feb. 28 3 Feb. 6 4054 Feb. 6 954 Jan. 3454 Jan. 26 1254 Jan. 4154 Jan. Feb. Feb. 6 30 24 38 4 1 2854 Feb. 154 Jan. 24 12 38 30 3 154 Feb. 6 3154 Feb. 4054 Feb. 14 3 Feb. Feb. 28 110 1 11 Feb. Feb. 23 75 1 Feb. 7854 2 Feb. 8454 7 Feb. 154 9 Feb. 154 Feb. 18 454 1 Feb. 254 Feb. 2 Feb. 28 Feb. 6 6 Feb. Feb. 28 2 Feb. 2 Feb. Feb. 28 9 Feb. Jan. 26 6 19 Jan. 25 3054 Jan. 154 Jan. 3154 Feb. 38 54 Jan. 19 43 28 19 20 Feb. 5 6 Jan. 7 10554 Feb. 28 111 11 854 Jan. 12 Jan. 30 54 Feb. 28 Jan. 16 78 Jan. 20 7154 Jan. 3 80 Jan. 20 Feb. Jan. 28 3 Jan. 4 Jan. 4 68 76 Jan. 14 154 Jan. 30 154 Jan. 23 354 Feb. 18 154 Jan. 23 8454 154 254 554 J an. 5 554 Jan. 6 3 67 Sale Sale 4 54 13 Sale 1154 Sale Sale 1054 2154 154 554 Sale 2454 Sale 22 54 Sale Sale 154 554 Sale 254 654 154 654 43 Sale 38 2854 Sale 27 13 81 107 1454 84 54 115 454 354 154 18 10754 2854 87 354 4854 2954 2754 Sale 2454 Sale Sale Sale 90 Sale 58 Sale 2 54 254 4 Sale 13 Sale 14 Sale 101 95 654 Sale 1854 Sale 5154 5154 41 Sale 37 25 1554 8454 Sale 13 Sale 90 110 Sale Jan. 87 Feb. 7 Feb. 102 Jan. 16 454 254 154 2154 Feb. 20 9 Feb. 2 Feb. 1 Feb. 454 Feb. Feb. 154 Feb. 4 88 Feb. 6 33 54 Feb. 3354 Sale 3454 Sale 24 54 2454 1854 1854 Feb. 1854 23 54 Sale 2154 Feb. 2154 Sale 10254 10054 Feb. 10054 10154 102 Sale 47 45 54 Sale 4554 Feb. Sale Sale 29 27 2654 Feb. 32 Feb. 32 33 30 3454 20 18 Feb. 1854 1854 1654 254 254 254 Sale 254 Feb. 28 Feb. 3054 Sale 3054 Sale 104 Feb. 106 10554 10654 105 2354 Feb. 2654 Sale 2554 Sale 90 85 85 Feb. 80 9054 2 54 Feb. 254 254 Sale 254 45 53 44 38 4254 Feb. 23 54 Sale 23 54 Feb. 2454 Sale 10 154 2154 86 Sale 354 154 Sale 88 254 Sale 354 Sale 1154 1054 4 54 354 154 24 88 2 114 154 39 78 12454 5054 12354 3454 654 1054 10754 Sale 8 9 135 6954 3854 Sale 11554 117 y* 43 Sale Sale Sale Sale 4054 Sale 3054 1454 1554 Sale 35 Sale 15 17 Sale Sale Sale 3754 554 Sale 9 854 10754 108 Sale 2254 8654 A" It* 1254 1454 Sale 90 Sale 1854 Sale Sale Sale Sale 8* „n54 48 54 75 54 127 4954 21* 7 Sale Sale 4554 Sale Sale Sale Sale Sale Sale Sale Sale Sale 108 Sale Sale 9454 Sale 80 68 Feb. 23 36 Feb. 11 90 Feb. 4 31 Feb. 20 24 Feb. 23 Sale 1154 1454 9954 2054 Feb. 10 Feb. 20 J* Sale 70 38 Feb. 25 Feb. 25 Feb. Feb. 6 Feb. 24 Feb. 18 Feb. 10 Feb. 25 Feb. 28 Feb. 6 18 25 154 Feb. 23 3 8 Feb. Feb. 10 5 28 5 Jan. 5 Jan. 11 Jan. 5 Jan. 6 Jan. 9 55 Jan. 13 30 Jan. 3 254 Jan. 5 4 Jan. 3 13 Jan. 3 Feb. 14 1054 1154 9554 554 Jan. Jan. Jan. Jan. 26 27 14 Jan. 3 28 17 16 Feb. 17 3 4854 Jan. 16 9654 Jan. 754 Jan. 1854 Jan. 31 52 Jan. 26 9 Jan. 24 7 Jan. Jan. 5054 Jan. 854 Jan. 134 Jan. 26 10054 Jan. 6054 Jan. 27 26 5 3 7 5 1054 Feb. 16 Feb. 25 18 140 454 Jan. 4 3 54 Jan. Jan. 24 13 26 18 Jan. 4 2554 Jan. 28 35 3 75 Jan. Jan. 4 Jan. 31 Jan. Jan. Jan. Jan. 28 2554 Jan. Jan. 31 130 26 4454 Jan. 6 28 2 114 Jan. 6 Feb. Feb. .28 7 Feb. 39 Feb. Jan. 3 117 13 154 Jan. 3 4854 Feb. 78 Jan. 26 Feb. 28 Feb. 28 Feb. 15 Feb. 28 27 91 Feb. 154 1854 3554 2754 1354 1 Feb. Feb. 24 Feb. 27 Feb. 28 Feb. 18 16 68 54 Jan. Jan. 7254 Jan. 27 „ 34 554 854 10654 154 1954 90 Jan. Jan. Jan. Jan. Jan. Jan. Jan. 38 28 654 Jan. 1054 Jan. 26 11 10854 27 27 5 13 28 5 3 16 20 Jan. 91 Feb. 27 154 Jan. 2054 Jan. 3 5 29 41 Jan. 4 3254 1554 16 54 9954 2654 854 Jan. 4 Jan. Jan. 4 Jan. 27 2354 Jan. 25 1154 Feb. 10 28 44 Feb. 3 28 27 50 5 28 3 28 1 5 12 27 13 54 Jan. 27 8 9954 Feb. 1954 Jan. 26 654 Jan. 27 4554 Feb. Feb. 154 Jan. 5 154 Jan. 24 1754 Feb. 17 8 1 Feb. 26 28 Feb. 41 Jan. 2 127 12354 Feb. Jan. 4254 Jan. 26 51 " 3 12554 Jan. 12354 Jan. Feb. 9954 Feb. 2654 Feb. 754 Feb. 7 Feb. Jan. 4 2154 12554 3754 3654 6 Feb. 21 654 Feb. 3 Feb. 954 Feb. 25 7 10854 Feb. 16 Feb. 1 6 Feb. 154 Feb. 2154 Feb. 21 2454 Feb. 28 Sale Sale 26 4254 Feb. 2354 Feb. 2 554 854 10754 154 Sale Sale 26 Jan. 1954 354 3554 10854 2954 9054 354 ' 3 24 Feb. 4 129 Feb. 1 42 Feb. 1 41 Feb. Feb. 24 117 1 Feb. 154 4 Feb. 4854 1 75 Feb. 7754 2 127 12354 Feb. 1 4554 Feb. 4954 1 12554 124 Feb. Sale "26*" Jan. 2 54 Jan. 4 754 Feb. 28 2254 12754 3854 3854 11554 54 4154 154 Feb. 14 1754 Feb. 17 Sale 36 16 26 2 Feb. 6 Feb. Feb. 16 8 Feb. Feb. 20 6 Feb. 4 Feb. 2 140 13654 Feb. 4 354 Feb. 14 Sale 14 Feb. 21 1654 3154 2854 Feb. 23 3254 70 27 Jan. 18 1 3 30 22 Feb. 6 Jan. Jan. 6 254 354 1154 1354 9654 654 1754 6 3 Feb. 8 Feb. 25 Feb. Jan. 16 8 25 7 19 4 4854 Feb. 3154 Jan. 12 10 Feb. Feb. 6 Jan. Jan. Jan. 26 Feb. 43 140 Sale 9954 50 Feb. 16 102 Feb. 18 Jan. N Feb. 96 9 27 28 5954 Feb. 28 1054 Feb. 16 Sale 3 27 23 104 6 16 26 6 354 154 25 54 89 54 3454 1854 2454 1754 Jan. 254 Jan. 20 554 Feb. 23 26 1 Feb. 14 26 24 3 5454 Feb. 21 Sale 954 Sale nlK 30 28 10354 Sale 24 20 28 16 50 38 8754 154 1854 34 54 2754 13 54 1554 28 8 16 Sale 6 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 4854 Feb. 17 754 Feb. 10 124 107 2954 3454 1954 254 3054 10654 2754 Feb. 8654 3254 1854 1954 99)4 4154 2454 1654 Sale 116 6 Feb. Feb. 28 6 Feb. Feb. 28 Jan. 50 2354 Sale 12854 130 UH Sale 9954 9954 8!m Sale Sale Sale" "2354 Sale 129 125 3954 Sale 8954 3454 1854 23 54 21 17 Feb. 6 9654 5554 Feb. 3 1054 Feb. 21 Feb. 24 86 7 Sale 454 Jan. 2 54 Jan. 154 Jan. 6 10 Feb. 124 154 1954 Feb. 7 24 Feb. 12654 4654 Sale 20 13 Sale Sale 8 10 96 654 Sale 90 2 Sale , 2654 15 101 75 6i^ 10 2 154 Feb. 23 3 3 54 2 102 1 4854 13 4154 a 11 96 Sale Sale Sale 16 13 Sale 38 2454 9054 101 554 1654 4854 Sale Sale Sale 12 2354 Sale 1554 Feb. 28 96 60 Sale Sale 354 Sale 1154 1054 Sale 4354 3954 5 97 Sale 130 17 81 72 127 4 1554 Jan. 7 2354 ll'A Sale 43 56 Jan. 2954 Jan. 2454 Feb. 1254 Jan. 17 Sale 454 Jan. 3 Feb. Sale 140 35 3 Feb. 354 1454 133 2 Jan. 254 Jan. 20 654 Feb. 27 97 29 954 Feb. 13 24 54 Jan. Jan. Jan. Feb. Feb. 87 Sale 59 Sale 27 954 1854 154 554 2 Feb. Sale 10454 Feb. Jan. 96 Sale 9 Feb. 654 Feb. 27 4154 Feb. 28 2454 Feb. Sale 554 1754 1554 50 4754 Sale 854 104 54 10054 Sale 5954 Sale 1054 138 13754 Sale 354 Sale 155-4 100 654 2 4 97 85 110 85 3 Sale 2 554 Feb. 18 1154 Feb. 28 23 54 Feb. 25 454 Feb. 954 Feb. 2054 Feb. 154 Feb. 554 Feb. 82 8154 454 154 5 Feb. Feb. Sale 2454 Sale 9954 100 4254 Sale 3154 Sale 36 3454 18 1954 3 254 34 554 Sale 13 Sale 25 8654 3454 454 96 97 — 90 159,100 44,200 154 Sale 1 254 Feb. 1054 Feb. 20 1 3554 Feb. 3254 Feb. 14 1 2854 Feb. 154 Feb. 14 Jan. 26 5 9 Feb. 8 Feb. Jan. 28 5154 Jan. 4 3 \ AGGREGATE SALES In i February Since Jan. 1 27.800 1.100 8,400 300 5,100 3,600 220 33.700 1,900 66,300 2,200 3,200 220 15,300 5,400 2,000 4,100 1,800 9,600 1,000 12,600 65,900 6.500 480 "17,800 10 71,600 2,700 900 50 500 400 200 190 4,300 Par 71.100 Gimbel Brothers ...—* 2,500 $6 preferred * 25,000 Glidden Co (The) * 1,200 434% conv preferred—--50 15,300 Gobel (Adolf) 12,200 Goebel Brewing Co 300 Gold & Stock Teleg Co 1 100 * * 93,700 Goodrich (B F) 9,800 $5 preferred 214,500 Goodyear T & R — 100 Preferred RR.100 1 Green (H L) Co 30 Greene Cananea Copper--100 183,100 Greyhound Corp (The) * 9,500 534% preferred 10 2,500 Guantanamo Sugar * 100 8% preferred 100 1,700 Gulf Mobile & Northern—100 1,200 6% preferred 100 8,000 Hall Printing 800 Hamilton Watch 240 50 2,900 130 8,500 800 44,000 600 330 7,600 6.400 700 900 1,400 100 7,200 250 4,800 2,800 25 100 — 1,400 15,900 46 Sale 45 Feb. 18 45 2% 2% 47 Sale Sale 4554 254 254 2454 21 Sale 64 34 Sale 60 Sale Sale 65 Sale 32 109 Sale 103 Sale 3854 74, 80 7% preferred 33,500 Homestake Mining 2,000 Houdaille-Hershey cl A * Class B 74 104 4 80 154 154 Sale 754 IX 12 34 Sale 654 154 1134 Sale T' VA o Sale 1834 15 Sale 2754 Sale 23 ?4 Sale 3054 Sale 26 Sale 13554 137 40 4954 2754 Sale 35 20 40 Sale 1234 Sale 54 Sale 1734 Sale 554 454 31 33 1654 13834 6 7254 354 106 Sale 74% Sale 10654 Sale 1154 10934 111 15954 1654 Sale 133 10 98 5 * 100 12.50 354 Sale 55 preferred 6,600 Hollander (A) & Son— 9,300 Holly Sugar Corp Sale 75 Sale 134 5654 105 20 1754 104 conv Sale 70 100 21,300 Holland Furnace (Del) 47 70 Sale 86 400 Hinde & Dauch Paper Co—10 45,200 14 * 10 Ye",300 Feb. 12 54 5954 2134 4554 2 20 97 1,020 6% preferred 1,800 Hershey Chocolate 3,600 $4 conv preferred $5 1054 Feb. 5454 Feb. Sale 100 Sale 15,800 Hercules Powder 450 Sale 2154 4554 254 254 105 7% preferred Hercules Motors-- 59 54 Sale 99 1,000 Helme (G W) 270 Sale 100 * 25 1 7 55 21 Sale 2,600 Hazel-Atlas Glass Co 101,800 Hecker Products Corp Highest Sale Prices Sale, 3234 1134 1554 * Lowest Sale Prices 2354 31 —100 1 100 -—2 Highest Sate Prices Sale Sale 6% preferred.. 5.200 Hat Corp class A320 634% preferred w w 24,900 Hayes Body Corp 2,700 1154 Sale Ask Sale 21 6% preferred Lowest Sale Prices Feb. 28 Ask Bid 13 34 30 300 Hanna (M A) Co $5 pref 16,100 Harbison Walker Refrac 190 1 60 25 25 10 -_--.* 800 Hackensack Water 410 Preferred A 160 6,100 * * 220 Preferred 100 42,500 Graham-Paige Motors 1 Granby Consol Mining 22.200 Smelting & Power Ltd 5 4,000 Grand Union Co (The) 1 8,500 $3 conv preferred series---* 4,000 Granite City Steel * 17,000 Grant (W T) 10 1,900 5% preferred 20 36,800 Great North Iron Ore Prop--* 174,600 Great Northern pref — 100 18,300 Great West Sugar 34,200 Ask Bid Bid 5 7.400 $5 preferred 8,500 Gotham Silk Hosiery Green Bay & Western 1 1939 Feb. 770 RANGE SINCE JAN. IN FEBRUARY Jan. 3 exchange 300 70 PRICES Price STOCKS n. y. stock Shares Shares 35 N. Y. STOCK EXCHANGE-STOCKS March, 1939] 5054 Sale 10734 11154 934 c VA 1454 Sale 10434 64 Sale 3154 1754 Sale 3354 Sale 1254 17 54 Sale 2354 Sale 1454 2454 Sale 2454 Sale 13554 136 40 2754 30 1754 1154 1 15 66 Sale 39 Sale Sale 154 1854 4 1654 Sale 1234 Sale 72 Sale 77 Sale 654 134 Sale 1354 Sale 17 Sale 2954 Sale 23 154 2354 Sale 1454 2854 Sale 26 Sale 138 36 Sale 3154 66 Sale 40 32 Sale 1954 1134 Sale 54 1554 1854 454 Sale 18 1654 Sale Sale 27 136 1454 77 13454 5354 1554 Sale Sale Sale 7654 Sale 1454 Sale 135 5454 10834 106 18 1754 1854 49 4434 Sale 109 10554 109 8 854 954 1254 Sale 1354 108 95 110 6354 Sale 3034 14 3154 Sale Sale 95 65 34 110 Sale 15 Sale 70 Sale Sale 12 Jan. 4 Feb. 9 8 2 9 Feb. 21 Feb. 28 Feb. 28 Feb. 28 Feb. 2234 6534 3454 2 10534 Feb. 23 Feb. 2 Feb. 9 Feb. 3 9 6 Feb. 20 154 Feb. Feb. 9 2 1654 Feb. 2754 Feb. 17 Feb. 10 Feb. Feb. Feb. Feb. 1 23 1454 2454 2454 13554 • 9 Feb. 13 2 9 Feb. Feb. 1 1 10 1 Feb. 9 154 Feb. 3 78 6 654 134 1434 1734 3154 2354 1554 2954 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 26 Feb. 28 Feb. 16 8 138 3 •9 6 25 25 25 28 254 Jan. 23 254 Feb. 15 70 it' Jan. 3 3 5 9 Jan. 4 1854 Jan. 26 2434 Jan. 4 56 26 6534 Feb. 28 3834 Jan. 101 Jan. 26 10934 Jan. Jan. 5 334 Jan. 26 Feb. 78 75 Feb. 3 1 Jan. 27 134 Jan. 3 5 29 Jan. Jan. 26 Jan. 27 554 Jan. .134 Jan. 1154 Jan. 25 26 1434 Feb. 15 28 20 2434 2254 1234 2134 2454 13554 Jan. 134 Jan. 27 3154 24 Jan. 23 1654 Jan. 26 3154 Jan. 26 Jan. '28 2654 Jan. 13 138 Jan. 3 9 3 3 27 9 5 Jan. Feb. 25 Jan. 7 J an. 5 Jan. 4 Jan. 5 Jan. 4 2454 Jan. 26 3154 Feb. 27 25 35 Jan. 21 40 Jan. 5 1 1734 Feb. 1154 Feb. 24 54 Feb. 23 1934 Feb. 28 8 1154 Feb. 16 Jan. 26 20 Jan. 3 1154 Jan. 54 Jan. 1234 Jan. 4 154 Jan. 1854 Feb. 554 Jan. 9 4 2654 Feb. 7 Feb. 25 35 3154 Feb. 27 35 1 Feb. Feb. 3 15 Jan. 4 Jan. 27 3 26 25 Feb. 24 22 Jan. 27 31 34 Jan. Feb. 18 12 Feb. 24 15 Feb. 27 4 Feb. 15 16 Feb. 24 6 1854 Feb. 454 Feb. 28 8 1754 Feb. Feb. Feb. Feb. Feb. Feb. Feb. 17 2954 Feb. 17 2954 Jan. 10 34 Feb. 18 32 3 12 Feb. 24 1 102 Feb. Feb. Feb. 3 Feb. 27 7 Feb. 1 26 17 1654 Feb. 18 100 28 14 18 Feb. 21 Feb. 6 Feb. 6 Feb. 3 Feb. Feb. 3 4 Feb. 17 1354 Feb. 23 1454 Feb. 3 7554 Feb. 3 7754 Feb. 2 133 54 Sale 5 Feb. 106 Sale Jan. Feb. Sale Sale 45 Feb. Sale 19 3 2 160 161 Feb. 2454 Jan. 4554 Jan. 234 Jan. 75 554 Sale 60 24 1 138 13654 Feb. 27 138 3 454 Feb. 654 654 Sale 6 75 95 75 Feb. 75 75 7154 Sale 23 3 354 254 Feb. 334 354 104 101 10254 Feb. 15 103 10254 104 11 Feb. 14 1134 1154 Sale 1154 Sale 118 Feb. 20 11654 113 10354 11054 110 160 1354 Jan. 24 Jan. 4 30 3054 2954 2934 Sale 3254 34 3254 954 Sale 954 1154 Sale 17 17 16 1654 1654 104 9934 10154 10454 100 Sale 102 10054 10054 Sale Sale 26 Jan. 19 14 32 27 Jan. 53 16 Feb. 2854 138 5 10 28 Feb. 77 1 25 Feb. 254 Feb. rl* ISB 2254 Sale 6554 Sale 3154 3454 Sale 104 54 10554 104 54 454 454 76 Feb. Feb. 18 Feb. Feb. Feb. Feb. Feb. 4434 Feb. 106 Feb. 854 Feb. 12 62 Feb. Feb. 1 165 7 135 2 Feb. 25 5434 Feb. Feb. 7 Feb. 2 28 10954 2 18 1 7 3 3154 Feb. 23 1354 Feb. 21 Jan. 5 854 Jan. 27 26 16 Jan. 1654 Jan. iian. 9934 Feb. 18 102 100 Jan. 23 Jan. 5 102 Feb. 4 71 Jan. 19 75 234 Jan. 25 454 10254 Feb. 15 106 10 Jan. 24 1134 110 Feb. 20 11654 J an. 5 4 Feb. 3 Feb. 4 21 165 Feb. 17 13 54 Jan. 26 17 Jan. 5 71 133 Jan. 26 86 Jan. Jan. 4 54 Jan. 28 3 5 20 159 Jan. 13554 Jan. 57 Jan. £10454 Jan. 24 10954 Feb. Jan. 4954 Feb. 28 42 Jan. 26 51 Jan. 28 106 Feb. 954 Feb. 28 1354 Feb. 28 8 J10 Jan. 26 934 Jan. 12 Feb. 28 5 Jan. Jan. 19 3454 Feb. 28 1554 Feb. 28 12 26 27 11 21 32 2 65 4 Jan. 26 Feb. Feb. 6 4 13654 Feb. 27 13854 Jan. 3 4% Feb. 654 Feb. 18 8 109 7 7 16 754 Jan. Feb. 10454 Jan. 6134 Jan. 30 Jan. 1254 Jan. 7 7 4 6 5 4 1554 Jan. 12 10454 Jan. 12 Feb. 28 24 65 27 26 3454 Feb. 28 3 1754 J an. Household Finance— 1,100 1,500 11,000 7,200 2,200 3,400 2,600 34,700 19,900 6,200 400 900 16,700 10,400 18,700 47,600 1,600 700 310 100 10.700 2,300 330 5,700 21,200 4,300 14,500 2,000 690 4,100 26,700 3,100 1,100 2,600 24,800 500 17,800 2,400 4,000 72,700 900 45,100 26.300 3.090 Leased line 1,520 7.600 104,700 10.400 3,100 5.800 68.300 2,200 77,300 39,600 9,200 120 For footnotes ,--100 100 4% 222,800 1,200 * 100 6% preferred Intercontinental Rubber—* * Interlake Iron Internat Agricultural * —100 Prior preferred-- Int Business Machines-.-—* Internat Harvester-----—--* Internat Hydro-Elec Sys 100 A-25 Internat Mercan Marine * Int Mining Corp 1 7% preferred Internat Nickel of Canada--* —100 Preferred Internat Paper & Power— New 5% conv 2 2034 3434 44 54 1034 7 54 2454 119 Sale Sale Sale Sale 1154 Sale Sale Sale 148 93 Sale 1454 Sale 234 Sale 2554 Sale 180 18454 6054 Sale 157 159 54 754 Sale 354 Sale 854 Sale 5534 132 Sale 1654 Sale Sale 18 Sale Sale Feb. Feb. Feb. Feb. Feb. Feb. 21 2954 1534 2554 4234 854 654 2534 Feb. Feb. 16 115 8 151 Sale Sale 654 Sale 24 27 Sale 554 2754 110 Sale 13454 8454 1454 454 754 2554 9254 354 1254 254 2254 10 7 Sale 113 5% preferred International Silver-.-—--50 dk sit' ....100 2554 Sale 8434 Sale * Sale Internat Tel & Tel Foreign share certifs—-.* Interstate Dept Stores -—* Preferred —...-—.--10 3,800 Intertype Corp * .....—-1 2,500 Island Creek Coal 420 $6 preferred-..-...-—__1 * Jewel Tea Inc SB IgH -—— — 100 4,000 Jones & Laugh Steel pref-100 5,200 Kalamazoo Stove&Furn ColO 110 Kansas City Lt 1st pf ser B_ 79 2054 Sale 122 7354 124 Sale Sale 130 6354 1854 * 10.900 Kansas City Southern—-100 2,700 4% preferred 100 1 5,400 Kaufman Dept Stores-600 5% conv pref erred... ..100 7,200 Kayser (J) & Co 5 70 Keith-Albee Orpheum pf.100 Kelsey Hayes Wheel— 120 9,400 Convertible class A-.—.1 8,800 Conv class B _ Sale 9 105 Johns-Manville Sale Sale 111 Sale 27 Sale 25 9154 9254 Sale 254 354 Sale Sale 1134 1354 Sale 254 254 254 254 24 26 24 2454 180 173 178 18454 Sale 5654 6154 Sale 5634 Sale 159 16154 162 16254 160 634 754 Sale 634 Sale 334 354 Sale 354 Sale 754 754 854 Sale 5054 Sale 13554 137 Sale 25254 Sale 136 138 Sale 46 Sale Sale 73 Sale 130 Sale 52 55 1954 12134 16 Sale 11754 1554 1534 87 95 82 95 85 13 Sale ...-.1 8 Sale 190 Kendall Go $6 pt pf ser A—* 91 90 Sale 10 2 23 17 10 1 Feb. Feb. 21 1 Feb. 3 Feb. — — 26 35 Jan. 3 Jan. 28 45 Feb. 25 934 Feb. 634 Feb. 2734 Feb. 28 1154 Jan. 17 854 Feb. 23 654 Jan. 27 Feb. Feb. 2 Jan. 8 105 150 Jan. 23 119 10 151 9154 Feb. 18 79 Jan. 26 Feb. 28 12 Jan. _454 Jan. #654 Jan. 93 Feb. 25 Feb. 28 5054 Feb. 13554 Feb. 1 5354 Feb. 25 46 Jan. 134 Jan. Feb. 74 88 Feb. 17 1234 Feb. 4534 Feb. 2 5 Feb. 18 46 34 Feb. Feb. 20 8 137 21 4 10 6 Feb. Feb. 20 8 3554 Feb. 2754 Feb. 25 1 Feb. Feb. 20 1 Feb. 9 Feb. 92 14 Feb. 28 14 80 Feb. 3 Feb. Feb. 24 21 1 354 Jan. 734 Jan. 26 3 24 Jan. Feb. 28 Jan. 31 Jan. 5 Jan. 12 5 29 Jan. 3134 Jan. 2254 Jan. 7 26 1434 J an. 5134 Jan. 3 3 Feb. 18 20 10 21 23 5 9 46 Feb. 12 34 Feb. 27 4 26 27 Jan. 26 7754 Jan. 954 Jan. 26 1936 Feb. Jan. 3 17 26 11 Jan. Jan. 5534 Jan. 11 137 Feb. Jan. Jan. Jan. Jan. Jan. Jan. Jan. 26 1034 4034 3 54 3954 54 Jan. 754 Jan. 9 8 3534 Jan. 29 Jan. 92 Feb. 14k Jan. 80 Feb. 1034 Jan. 2054 Jan. Jan. 4 14 Jan. Jan. 26 132 Jan. 10 26 8 87 12954 Feb. 24 128 7554 Feb. Feb. Feb. 2 1754 Feb. 14 54 Feb. 17 97 51 1554 11754 734 1654 834 3 3 5 7 7554 Feb. Jan. 26 105 Jan. 96 20 23 934 Jan. 19 934 Feb. 28 70 14 5 Jan. 27 124 4 Feb. 21 3 Jan. 4 1954 Jan. 7 20 64 Jan. Jan. Jan. Feb. 28 Feb. 1 23 11 Jan. 5 27 12134 Jan. 26 1154 Jan. 10 Jan. 4 4 Feb. 4 97 Feb. 4 9934 Jan. 17 1554 Feb. 6 1434 Jan. 3 Jan. 20 Feb. 20 95 Jan. 18 934 Jan. 27 654 Jan. 24 83 Feb. 27 13 Jan. 3 854 Jan. 4 11 Feb. 20 88 14 83 27 1254 Feb. 28 854 Feb. 28 1 90 Feb. 1 15954 Jan. .4 6 34 Jan. 4 Jan. 1054 Feb. 654 Feb. Feb. 26 454 1534 354 2734 18434 6154 16254 854 4h 834 120 1 1554 Feb. 21 26 Jan. 7 6 934 Feb. 1834 Feb. 28 1054 Feb. 28 10 27 Jan. 84 17 119 23 26 52 23 Feb. 25 1034 Feb. 16 8 Feb. 2054 Feb. 25 1 124 Feb. 27 Feb. 26 173 954 Feb. 27 954 Feb. 28 Feb. 3 M 54 93 2 Feb. 20 Feb. 21 1 Feb. 7 Feb. Jan. 25 28 2 1154 4034 354 4354 Feb. 15 25 9 Feb. Feb. Feb. 7 4 Feb. 27 17 8 14 25 1034 Jan. 254 Jan. 2234 Jan. 3 Feb. 26 Jan. 23 Jan. 9434 Jan. 1754 Jan. 9154 Jan. 254 Jan. Feb. 2 6 16 25 454 Feb. 15 854 Feb. 25 4 Jan. 8 Jan. 15 4 2954 Jan. 24 27 Feb. 2034 Jan. 2 7 97 83 26 Jan. 41 4 98 Sale Sale Sale 1434 Jan. 25 25 Feb. 90 1254 854 3 68 Feb. 17 7054 Jan. 9 10834 Feb. 28 10354 Jan. 6 654 Feb. 20 834 Jan. 5 44 Jan. 27 5254 Jan. 134 Jan. 20 134 Jan. 12 9 554 Jan. 14 554 Jan. 3034 Jan. 27 3534 Jan. 10 5 654 Jan. 27 834 Jan. 3 134 Jan. 24 254 Jan. Feb. 3 Feb. 1 Feb. Feb. 28 3 Feb. Feb. 16 6 Feb. 8 Feb. 2 Feb. 1834 Feb. 28 2954 Feb. 28 45 1 Feb. 7 Feb. Feb. 20 7 Feb. 20 75 1554 954 1054 654 Sale 7 90 Feb. 9554 Sale 12954 Feb. 12854 130 51 Feb. 5354 Sale 16 Feb. 1754 Sale Feb. 11854 12054 119 854 Feb. 954 Sale 1654 Feb. 1854 Sale 834 Feb. 1054 Sale 90 Sale 23 2 98 9 Sale 20 Feb. Sale 90 9 1 7 25 754 5254 134 554 3454 734 154 Feb. 31 30 33 3154 33 3454 3354 3254 3354 25 27 26 2654 Sale 97 8854 9254 8854 Sale Sale 9" 854 854 Sale Sale 9 834 854 Sale Sale 14 1254 1254 Sale 79 81 79 8034 10 954 954 Sale" 1054 1934 2054 Sale 1954 Sale 124 12054 12054 Sale 71 94 20 334 Feb. 27 1334 Feb. 28 8 254 Feb. 2554 Feb. 16 18454 Feb. 28 6154 Feb. 28 16254 Feb. 17 6 734 Feb. 2 3 54 Feb. 854 Feb. 18 30 105 Sale Sale 1254 4354 434 99 40. Sale 354 1754 Sale see page Sale Sale 128 9354 150 Sale Sale 1154 Sale 22H Sale 1254 1434 107 Sale Sale 4454 Sale 354 Sale 4254 45 39 7 Sale 8454 12 54 434 634 Sale 32 954 654 2754 Sale ~92~" 5134 354 3054 45 9054 1454 434 854 12 * 10834 754 150 Sale Sale International Shoe.. 4 17 70 Feb. 9 10834 Feb. 28 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 43 9 Feb. 10554 654 4654 154 534 32 54 634 134 14 54 International Salt-... 7% preferred 3354 754 154 68 Sale Sale 52 Sale 154 Sale 454 6 3454 Sale 754 Sale 154 Sale Sale 150 Sale 1654 Sale 454 454 734 854 2834 Sale 9254 Sale 4 Sale ---100 * —100 pref Int Rys of Cent Amer Preferred 5054 Sale 154 Sale 434 534 3434 Sale 834 Sale 6954 Sale 10654 754 4654 154 554 15 - 200 20 -—-100 12,300 Interchemical Corp 4,500 26,900 4,200 3,500 1 - 10 2,500 * 340 —100 6% preferred 19,800 Inland Steel ...———* 68,600 Inspiration Cons Copper--20 11,000 Insuranshares Ctfs Inc 1 19,900 t nterboro Rap Tran 100 1,700 10,100 100 5 100 Howe Sound Co 1,260 RR sec stock ctfs ser A-1000 1,600 Indian Refining 10 38,500 Industrial Rayon Corp---—* 6,700 Ingersoll-Rand—— — * 600 4,200 1,500 2,100 Sale 163,800 Illinois Central 4,800 6% pref series A 150 10 Sale 8 35,600 Hudson Motor Car 60,100 Hupp Motor Car Corp-- 630 1,200 6,000 2,400 1,100 109,100 18,100 6.300 1,300 2,000 104 Hudson & Manhattan 1.830 7034 Sale 100 vtc—25 5% preferred 5% preferred 100 49.000 Hud Bay M&SmCo Ltd—100 150,200 87,700 4,310 1,590 2,600 11,700 7,100 1,820 252,500 50,900 18,400 1,600 1,000 180 * Common stock--- Houston Oil of Texas Feb. 20 88 92 Jan. N. Y. STOCK EXCHANGE—STOCKS 36 AGGREGATE SALES Since In February 123,800 5,400 200 1,500 Feb. Par 331,300 Kennecott Copper.* 12,300 Keystone Steel & Wire Co—* 2,800 Kimberly-Clark * 4,100 Kinney (G R) —1 196 1,060 27,500 2,090 53,100 1,200 8,200 125,700 * * 10 1 * * 8% preferred $5 prior preferred.-Kresge (S S) Co Kresge Dept Stores Kress (S H) & Co new Kroger Grocery & Bak Bid Ask 43 % 12 26 1% 22% Sale 36% Sale 27% 2% 328 1 Bid Sale 11% 26% 2% Sale 2,260 Laclede Gas Light 100 Sale 1,190 100 Sale 19 2.600 9.400 Lambert Co (The) * Sale 14% 4% 29% 21% 600 11,700 3,400 40 5,600 4,300 900 13,100 3,600 1,800 11,900 4,200 800 2,400 12,100 300 200 5,100 2,100 3.600 20.700 400 176,300 14,500 2,400 900 280 1,600 34,200 5% preferred 20% 4% 26% Sale 21 Lane Bryant at* Sale 5 Lee Rubber & Tire 8,200 Lehigh Portland 100 20,300 Sale Cement—25 4% conv preferred -.100 Lehigh Valley ---50 118 Sale * * 5,100 Link Belt Co 12,400 Liquid Carbonic new 66,900 Loew's Inc 900 $6.50 preferred 750.800 33.300 10,400 4,000 Loft Inc Lone Star * * Long Bell Lumber A Loose-Wiles Biscuit 400 870 8,000 15,300 300 12,200 590 46.600 248,500 1,200 3,800 3,200 200 8,100 2,300 2,000 """316 3,800 24,100 JManhat'n Ry Co 7% Mod 5% guar gu.100 —100 2.000 Manhattan Shirt----.-----25 6.800 Maracaibo Oil Explor --.-1 40,600 Marine Midland Corp 5 2,020 148,800 417,800 5,300 11,800 Marshall Field Martin (Glenn pref-100 & Co * 1 —* L) Co Martin Parry Corp Masonite Corp * 430 7% preferred-—--—-—-100 17,500 May Dept Stores.. —10 7,500 Maytag Co (The) * 4,700 $3 preferred w * $3 preferred ex-warrants. """540 $6 1st preferred 9,500 McCall Corp 39,300 McCrory Stores —1 200 800 24,000 2,300 32,800 31,300 .22,400 100 300 6% conv 120 * McGraw Hill Pub Co Feb. Sale 21% Feb. 1 Feb. 25 4% Feb. 24 7 25% Feb. 2 #23% Feb. Feb. 7 Feb. 2 Jan. Jan. Jan. Jan. Jan. Jan. 5% 27 Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 45% 5% 38% 105% 102% 5% 5% 39% Sale Sale Sale Sale a17^ Sale Sale 42 Sale Sale Sale 106% 109% Feb. Sale Sale i77% 29 Sale Sale 108 109 Sale Sale 23% 150% Sale Sale Sale Sale Sale 51 Sale Sale Feb. 1 18 Feb. 2 2 31% Feb. 1 1% Feb. 5% Feb. 16 1 12% Feb. 7% Feb. 10 11% Feb. 25 1% Feb. 20 4% Feb. 17 8% 6% 14 Sale Sale 5% 57% Sale Sale 52 Sale 29% Sale 32 30% 5 175 Sale 50% 5% Sale 33 Sale 178 Sale Sale Sale 17 16 8 Feb. 2 7% Feb. 16 5 15% 39% 4% 52% 10 11 96% 20% 9% 55% 15% 9% Feb. Feb. Feb. Feb. Feb. Feb. 24 8 Feb. Feb. 94 Feb. 20 Sale Sale 70 Sale 69 59 57 Feb. Feb. 50% 5% 24% 15% 34% 9% 14% 24% 8 Feb. Feb. 20 3 Feb. Feb. 10 2 Feb. Feb. 20 Feb. 23 1 Feb. — * 66% Sale 15,700 Mengel Co — -1 3,300 5% conv 1st pref—----—50 540 Merch & Mln Transp Co--—* 11,300 Mesta Machine Co —5 Sale Sale 27 Sale 18% Sale 32.300 Miami Copper 9,900 42,300 Minn Moline Pow Implem—1 Sale Sale Sale 56 Sale 50 52 $6.50 pref-—---— 1,100 {Minn St Paul&SS M— .100 .100 400 7% preferred .100 1,120 4% leased lines * 4,100 Mission Corp Mo-Kan-Texas 17,200 100 7% preferred series A— 5,600 {Missouri Pacific--——— .100 Convertible preferred-. 100 12,700 -20 5,700 Mohawk Carpet Mills 20,100 Monsanto Chemical Wks -10 1,040 $4.50 preferred.-—— ,--* 288,500 Montgomery Ward & Co* 1,300 Morrell (J) & Co..------:.5o 1,210 Morris & Essex ...* 12,500 Motor Products-.------...5 12,700 Motor Wheel 10,800 Mueller Brass Co.———- —1 13,500 Mullins Mfg Corp class B —1 $7 conv preferred 1,040 .--* 2,400 Munslngwear 3,400 Murphy Co (G C) ----100 440 5% preferred — 32,500 Murray Corp of America ..10 1,100 Myers (F E) & Bros 9% Feb. 21 6 23 Sale Sale Sale Sale Sale 13% *8 18. Sale 15% 100% 115% 117 Sale ZW 36 Sale Sale It* 16* 28 Jan. 24 Feb. 16 28 Feb. 10 Jan. 23 Feb. 20 Jan. 25 Feb. 2 Jan. Jan. Jan. Jan. 30 Jan. 24 30 27 8% Jan. 13 Jan. 17 6 1% 5% 7% 15% 39% 5% 57% Jan. 7 Jan. Jan. 5 6 Feb. 17 Feb. 24 Jan. 3 Jan. 3 36 Jan. 4 6 175 Feb. 14 27 50% Feb. 25 6 6% Jan. 30 33 Feb. 3 101 Feb. 14 26 24 17; Jan. 20 Jan. 26 12 Feb. 24 Jan. 13 7 30 27 24 21 Jan. 13% Jan. 7% Jan. 963 Feb. 22 54 Jan. Jan. 26 10% 553 18 h 9h Jan. 3 19 13 94 Jan. 25 4 27 Feb. Jan. 26 29 6 14 27 Feb. 24 16 28 28 Feb. 2 5% Feb. 0% Feb. 24 Feb. Feb. 15 1 % Feb. 8 Feb. 25 Feb. 28 1 % Feb. 6 1 118% Feb. 28 52% Feb. 28 38% Feb. 15 14 1 6 28 15% Feb. 25 Feb. 6 28 Sale 33% Feb. 36 Sale 14% Feb. 16% Feb. 28 15% Feb. 28 Sale Sale Sale 13% Feb. 23% Feb. 5% Feb, 26 Sale Feb. Feb. 25 6% Feb. 27 28 Jan. 26 28 Feb. Feb. 88 4% Jan. 24% Feb. 13% Jan. 34 Jan, 8% Jan. 13% Jan. 20% Jan. 107% Jan. 26 3 25 27 26 4 Jan. Jan. 5 25 5 6 28 Feb. 3 9 28 Jan. 4 Jan. Jan. 5 Jan. 3 Jan. Jan. 4 10 Jan. 1113 28 853 Jan. 4 Jan. 16 112 Feb. 28 4% 49% % % % 12% 1% 6% % 1 % 14% Jan. Feb. Jan. Jan. Jan. Feb. Feb. Feb. Jan. Feb. Feb. 26 23 Jan. 96 Jan. 24 111 69 110 20 Jan. 31 31 12 Feb. 15 14% Jan. 2% Jan. 9% Jan. 4 12 Jan. 3 3 21 2% Jan. 17% Jan. 5 6 3 17 28 26 27 18 21 1 Jan. 4 119% Jan. 115% Jan. 44% Jan. 26 34 Jan. 26 32 14 Jan. 25 Jan. 27 13 Jan. 27 21 Jan. 26 5% Jan. 23 Jan. 28 52% Feb. 38% Jan. 36 19 5 5 7 Jan. Jan. 15% Jan. Jan. 30 43$ Jan. 13 Jan. Feb. 28 62 Feb. 28 10 110 Feb. 15 9% Jan. 5 Jan. 5 Sale 38 Feb. 40 36 11% Feb. 13 Feb. Feb. 10 Sale 28 11% Feb. 20 58 Sale 53 Feb. 62 Feb. 28 52 Jan. 27 109 Sale 109 Feb. 110 Feb. 15 108 Jan. 6% Feb. 48% Feb. 7% Feb. 16 50 Feb. 10 6% Jan. 27 Jan. 26 48 3 Jan. Jan. 53 3 12% Sale 17 11 116 Sale 10 Feb. 13 52% 9 Jan. Jan. 5351 6% 283 163 393 12 54 163 15% Feb. 3 4 7 26 1 4 6 16 Jan. 28 3 1% Jan. 49 24 Sale 43% Feb. 19% Jan. 38% Jan. 28 Sale Sale 26 26 Feb. Feb. Feb. Feb. Feb. Sale Sale Feb. Jan. Jan. 53% 5% 27% 16% 38% 103 47% Feb. 26 Feb. Feb. 36 27 Jan. Jan. Jan. 99 39% 5 2 125% Jan. 30% Jan. Feb. 11 % 70% Sale 16 Jan. 58 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Sale 33 19 % 12% 1% 6% % 1% 14% Sale 27 27 6 16 112 Sale Jan. Jan. Feb. 2 31 28 51 Feb. Sale 25 Jan. 6 110 Sale 24 Feb. Feb. Sale g Jan. 58 Sale 14% 16 6 11% Feb. 69% Feb. 28 14 111% Feb. 7 76% Feb. 1 5% Feb. 49% Feb. 23 4 Feb. Jan. 50 28 5 Jan. Jan. 9% Jan. 69 Feb. 110 71 Feb. Jan. 58 25 24 62 19 23 18% Jan. 8% Jan. 6 _ Jan. 25 1 Jan. 6% Jan. Feb. 7% 11% 1% 4% 8* si* 54 40 4% 19% 6 107% 26 24% 3 153% Jan. 164 27% Jan. 12% Jan. 32% Jan. 26 14 Feb. 25 2 Feb. Feb. 20 27 12 12 6 4 Jan. Jan. 19 Jan. 2 Jan. 3 4 14 94 —* !9% 124 22% 37% 16% 30% 1% 5% Feb. 28 4 Feb. 19% Feb. Feb. 48 Jan. Jan. Jan. Jan. 5 4 27 27% Feb. 23 95 - 105 20% 147% 15% Jan. 5 Jan. 54% Jan. 6 Sale 9 52 3% Jan. 18 5 J an. 3 Feb. 101% 10 20 9 107% Feb. 11% Jan. 27 11% 27% 3% 46% 92 10% Jan. Jan. Jan. Jan. 10 8 27 105% Feb. 23 106% Feb. 17 10 176 Jan. 24 24 17% Jan. 20 26 5 40% Jan. Jan. 21 46 3 19 26 Jan. 5 3 Feb. 17 Feb. 24 Feb. 28 Feb. 28 8 Sale 6 Jan. 45% Jan. 106% Jan. 8% Jan. 52 Jan. Feb. Sale footnotes see page 40, 9 Feb. Feb. Feb. Feb. 25 Sale For Feb. Feb. 111 9.500 500 7 14% 8% 12% 1 % Feb. 330 210 2 13 Sale 2,300 28 1% Feb. 13 109 700 34 1 Sale 250 17 16 Jan. Jan. Jan. Jan. Jan. Feb. 1 101 Sale —— 6 43; 19 1 Sale 5,100 6.500 3,300 4,800 2 28 12% Feb. 10% Feb. Feb. 95 39,900 6 100% 100% 173% 16% 29% 40% Jan. 28 Sale -100 —-— 32 Jan. 5% Feb. 21 36 Feb. 13% Feb. 20 3 8% Feb. pref series A 28 , 44% Jan. 4% Jan. 28% Jan. Sale $6 Feb. 54% Feb. 28 27% Feb. 23 32 167% Feb. 1 175 50% 46% Feb. 1 5 Feb. 1 5% 33 30% Feb. 1 Sale pref 25 1 Sale Sale 590 1 24 Feb. Sale Sale 600 20 1 4 24 Sale Sale 400 17 Feb. Sale conv 6 Sale Sale 98,600 3 Sale 6% 28 99 Sale 620 1,300 4,300 17,100 1,500 5,200 2,000 8.100 12% J?eb. 31% Feb. 3% Feb. Mclntyre Porcupine Mines $5.50 pref ser B w warr—* 4,500 Melville Shoe Corp—;——* 700 2 48 17 101% Sale 400 Feb. 6 8 Sale 5 3,300 Feb. Feb. 40 20,100 Mid-Continent Petroleum. 10 11,700 Midland Steel Products * 1,510 8% 1st preferred 100 8,300 Minn-Honeywell Reg Co—-* 610 4% conv pref ser B 100 520 8 107 Sale 36 29 Feb. 2 124 1 293- 5H 46% 3% Feb. Feb. 13 167% Sale 26 1 107 Sale Sale Sale 43 6 18 27 23 25% Feb. 12 Sale 28 7 107% Feb. 6 10% Feb. Feb. 55% Feb. Feb. 20 124 Sale 164 28 27 Feb. Sale Sale 40% 5% 26 10% Jan. 27% Jan. 6 9 12% 35% Jan. 18 28 Feb. 1% Sale 4% Sale 7 6% 14% Sale 37% Sale 4% Sale 163 22 25 Feb. tip 20 5 24 Feb. 31 Sale 32 26 Feb. 32 Sale 31 Jan. 6 1 15 Jan. 24 2 27 1 Feb. 13% 23% 16% 5% 31% 24% 24 115 4% Jan. % Jan. Feb. 18 Jan. 1 Feb. Feb. 21% Feb. 148% Feb. 16% Feb. 113 1 Feb. Sale Sale 26 Feb. Feb. 20 43 Sale 19% Jan. Feb. Feb. Sale 5% 26 Feb. 48 Sale Sale J an. Feb. Sale Sale 8 25 Feb. 54% 29 YA 27 24 Feb. Sale Sale Sale Jan. 1 Feb. 105 Jan. 4 Feb. 19 31% 126% 123 Sale 14 17% Jan. Feb. 7 1 11 6 27 7 2 Feb. 9 Feb. Feb. 20 Feb. 21 Feb. 17 1 Feb. Feb. Feb. 25 Feb. 28 Feb. 18 Feb. 28 Feb. 28 1 Feb. Feb. 21 Feb. 28 1 Feb. Feb. 103 177% 175% 17% Sale 30% Sale 40% Sale 16% Sale 47% 107% 107 Sale 8% 55% Sale 52% 3% 3% Sale 20 19% 18% 23% Feb. 25 5% JaD. 16 £27% Jan. 19 Feb. 1 Sale 30% 18 Sale Feb. 114 2% Jan. 4 Jan. 12 18% Feb. 28 40 Feb. 1 Feb. 4 Feb. Feb. 10 Feb. 21 1 Feb. Sale 12% Feb. Feb. 4% % 2% 22% 10% 106 _ Feb. 20 2 Feb. Feb. 23 7 Feb. 21% Feb. 14 19% 14% 4% 28% 4M Sale 1% 6% 13% 10 Sale Sale Sale 37 25 11 Sale 19 15 Feb. Sale Sale 31% Feb. 1 Sale 20% Sale 44 % Jan. 5 12% Feb. 28 27% Jan. 6 26 1% Jan. 13% 20% 4% 25% 20% McKeesport Tin Plate.----10 McLellan Stores Co.-- — -—1 400 2,400 3,500 1,810 270 5,200 8,100 7,400 4,500 32 28 Sale 100 preferred McGraw Electric Co— 11,400 Mead Corp 40 300 28 Feb. 8% Sale 60% Sale Market Street Ry pr 8,800 Mathleson Alkali Works 3,600 1,000 11,100 9,100 6,000 3,300 * ... 40.300 Mack Truck Inc --* 33,300 Macy (R H) Co Inc * 11,400 Madison Square Garden * 6,900 Magma Copper---—10 4,500 Manati Sugar Co -— 1 1,300 Mandel Bros --* 240 2,500 6% preferred 28 Feb. 3 Sale 109 840 160 Feb. 15 Sale 25 3,600 MacAndrews & Forbes Co--10 10 3 Feb. Feb. Sale * Cement Corp.—-* — 1,400 18,900 15,000 6,100 1,800 1,100 Feb. Sale Sale 105 4,500 3,100 670 2 15 Sale Sale 54 Jan. 32 Sale 114 175 22 Sale 5% 26% 32 Sale 16% 39% 45% 18% Jan. 8 Sale Sale 170 10 Feb. Sale 2% Sale 103% Sale 25 -100 Series B Preferred Feb. 18% Sale 36 33% Jan. 8 35% Feb. 20 Feb. 14 11 25 Highest Sale Prices Prices Feb. 6 Feb. 28 ■ 38 Sale 21,400 900 26% Sale 101% 1,100 Lily Tulip Cup Corp— 13,600 Lima Locomotive Works Sale Sale Sale 22,700 Lehigh Valley Coal * 5,000 6% conv preferred 50 36,900 Lehman Corp (The) 1 9,i00 Lehn & Fink Products Corp-5 5,000 Lerner Stores Corp — * 35,600 Libbey-Owens Ford Glass—* 10,200 Llbby McNeill & Libby4,400 Life Savers Corp --5 4,200 Liggett & Myers Tob com--25 5% preferred .-100 56,700 Lorillard (P) common---—10 2,230 Preferred 100 10,500 Louisville Gas & Elec A * 11,800 Louisville & Nashville--.-100 35,400 5% 27 24 Lowest Sale Prices Highest Sale Prices 15% 11 Sale 37% 12% Ask 40 2 36 850 500 500 14 % Lowest Feb. 28 Ask Bid ll'A 14% 21% 4% 25% 23% 3,900 53,300 I 1939 Jan. 1 95 SINCE JAN. Jan. 3 EXCHANGE Shares Shares RANGE PRICES IN FEBRUARY Price STOCKS N. T. STOCK 51 n. Y. stock March, 1939] AGGREGATESALES Since February 1939 EXCHANGE 570 14,900 17,800 34,800 900 700 " v.i66 13,900 2,400 61,000 380 510 4,200 5,200 28,100 300 28.000 5 134,300 Nash-Kelvinator Corp 1,090 Nash Chatt & St Louis—100 ---1 32,300 National Acme -5 41,100 National Aviation Corp 10 95,600 National Biscuit.. I,600 7% preferred 100 3,200 Nat Bond & Investment Co.* 300 5% pref series A w w 100 2,500 Nat Bond & Share Corp—--* 41,000 Nat Cash Register * 2.400 National Cvlinder Gas Co—1 120,700 Nat Dairy Prod Corp * 880 7% preferred class A 100 1,290 7% preferred class B 100 9,400 National Dept Stores.---—-* 8,700 6% preferred 10 * 62,700 Nat Distillers Products —* 1,400 Nat Enamel & Stamp 111,700 Nat Gypsum Co — 1 500 500 24,200 60,200 200 1,740 13,900 $4.50 200 125,500 37,000 42,500 7,500 1,300 ~4~ 200 "l 6,700 3,200 1,200 790 Nat Power & Light National Steel Nat Supply Co 13,100 547,700 38,000 70,000 49,100 1,700 2,210 $2 preferred 5V% prior preferred 6% prior preferred 100 * * V% conv - * serial pref—100 Newberry Co (J J) New York Air Brake St Louis—100 6% pref series A 100 N Y City Omnibus Corp * New York Dock —100 N Y Chicago & 100 5% preferred 210 870 201,500 9,100 188,300 3,900 559,600 Preferred North 16,600 American 4,600 130 31,700 39,000 190 1,700 16,600 22,300 stock—1 100 100 ..--.-100 Co 10 50 50 100 North States Power Co $5 pf. 1 Northwestern Telegraph—50 Northern Pacific Norwalk Tire & Rubber Preferred .---.-50 -* 100 * 86,400 Otis Steel 1,700 $5.50 conv 1st pref 900 1,200 100 Outlet Co 10 Preferred - 880 Pacific Coast 550 First preferred 90 330 820 800 100 10 2d preferred Pacific Finance Corp 26,600 7,600 1,800 (Cal)-lO 1,500 25 53,500 Pacific Gas & Elec 17,200 Pacific Lighting Corp * * 6,800 PacificMllls 280 730 Pacific Telep & Teleg——100 400 200 1,100 69,900 9,100 200 5,300 1,300 20 61,700 600 5,600 1,000 6,300 5,400 1,700 4,600 650 6% preferred -.100 * 2,300 Pacific Tin Corp (sp stk) 10 6,500 Pacific Western OH * 200,200 Packard Motor Car 24,100 Pan American Airways Corp 5 5 1,200 Pan Amer Pet & Trans 1 14,600 Panhandle Prod & Ref * 3,900 Parafflne Co Inc 140 100 4% conv preferred 1 299,000 Paramount Pictures 1st preferred... 5,700 —100 2d preferred —10 28,800 1 1,700 Park&Tilford 1 26,800 Park Utah Cons Mines 32,500 10,500 2,400 17,500 500 2,000 1,200 500 * 14,500 Parke, Davis & Co 2.50 5.100 Parker Rust Proof Co * 7,100 Parmelee Transport Co * 75,800 Pathe Film Corp * 28,500 Patlno Mines & Ent Cons * 3,400 Penick & Ford — * 29,100 Penney (J C) Co —10 1,500 Penn Coal & Coke * 15,500 Penn-Dixie Cement $7 conv pref series A * 5,500 1,900 Penn Glass Sand Corp v t c—* $7 86",400 900 14",400 conv preferred.. Pennsylvania RR Co 50 1,500 People's Drug Stores Inc----* 6 V% conv preferred 100 100 20,606 People's Gas L & Coke 500 Pere Marquette """580 1,800 1,840 190 850 300 700 Pet Milk 4,.500 1,600 36,100 3,000 300 470 70 2,400 For footnotes * 229",200 700 Peoria & Eastern Prior preferred Preferred —100 .-100 100 100 * —5 ii,700 * 5,200 Pfelffer Brewing Co 25 119,700 Phelps Dodge.; 5,600 Philadelphia Co pref 6% — 50 $6 preferred * 1,200 1,000 JPhlla Rapid Transit Co.—50 290 7% preferred .--.-50 * 7,000 Phila & Reading C & I Petroleum Corp see page 40. 169 15v 170 15v 7% 1955 19% 13% -Sale 1255 12% 24% Sale 170 13 v 100 Sale 24 Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Feb. 28 Ask Bid Sale 8% Bid Sale 14 92 100 20% 23% Sale Ask Sale 2155 7% Feb. 20 8v Feb. 27 Feb. 28 23% Sale 19 Feb. 14 Sale 13 Feb. 14 12v 25 v Sale 12v Feb. 23 v Feb. 7 15 v Feb. 13 v Feb. 162 Sale 167 13 v 92 15 23 v 100 23 v Sale Sale 22 v v Feb. 165 13v Feb. 1 28 18 25v Feb. 28 14 Feb. Feb. 1 3 23 Feb. 27 170 14 7 10 10 Feb. 28 15 Sale Sale Ill Feb. 2 Sale 110 Feb. 1 113 27% Sale 168 165 137 % Sale 26% Sale 8% Sale 80 Sale 15% Sale 19% Sale 59% Sale 75 54% 3 Sale 1655 Sale Sale 15v 17 24% 169 % Feb. Feb. 20 24 v 1 169 v Feb. Feb. 28 145 Feb. 21 24 v 141% 143 20% 7% 74% 12% 17% 52% 50% 3h 22 v Sale Sale Sale Sale 139 v 23 v Sale 8v Sale 76v Sale if'* Sale? Sale 24 67 73% 36% 22% Sale 86% Sale 35 Sale 3 3% 7% Sale 55 57% 1 Sale 4 Sale % a i* 16% Sale 82 193 108 23 89% 82 Sale 14 % Sale 102% 102% 33 Sale 35% 8* 37 3 v 11v Sale 73 v 38 v 21v Feb. 28 16 Sale Sale 30v Feb. 34v Feb. 2h Feb. 7 v Feb. Feb. 28 36 43 v Feb. 25 3 v Feb. 28 8 V Feb. 28 8h Sale k 14 Sale 16 6% Sale AA Sale 59% Sale 102 105 13% Sale 103 Sale 12% Sale 25 2% 41% 28 109 110 109 Feb. 16 110 Feb. 7 109 24 112 Sale 26v Sale 5.6 Sale 56 Sale Sale 18 v Sale Sale 110 Sale Sale 25 Feb. 1 1 1 27 28 21 140 14055 Feb. 11v Feb. 10 „ 5% Sale 3 3v Sale 15 455 1055 2955 4255 1255 Sale 6v Sale 3 13 v 5 11v Sale 33 v Sale 44 47 v 12 Sale 11v 13 2 11 Sale 77 55v Sale iv 4v 26 29 14 16 12055 2055 Sale 28 25 Sale Feb. 62 6 8 12 v Feb. Feb. 50 22 v Feb. 3 65 Feb. 28 17 1 5v Feb. 1 6v Feb. 9 Feb. Feb. 16 16 11 4v Feb. 10 10 v Feb. 17 3v Feb. 15 Feb. 5 v Feb. 11v Feb. 33 v Feb. 47 v Feb. 12v Feb. 3 14 2 29v Feb. 4 43v Feb. 11v Feb. 23 24 Feb. 24 1 25 28 104 Jan. 23 110 140 2 10% Jan. 5 v Jan. 3 Jan. 13 12v Jan. 4 v Feb. 10v Feb. 26 Jan. 13 30 11 1 2v 8v m* 8V4 4% 29 15v 121v 22 v 14v 6v iv 54v 2 Feb. 4 Feb. Feb. 24 1 Feb. 52 Feb. 16 104 Feb, 14 104 Sale 10 Feb. 21 Sale 94 v Feb. 10 v Feb. 28 Sale 24 11v Feb. 28 95v Feb. 28 11v Feb. 28 25 18v Feb. 20 24 Feb. 27 1 Feb, 1 Feb. 1 Feb. 2 Feb, Feb, 20 1 Feb. Feb, 20 2 Feb, Feb, 24 2 Feb. 1 42 v Feb. 27 18v Feb. 16 Sale Sale 17 v Sale Sale iv 41v 16v iv 8 v Sale 10 v Sale 51v 76v 155 Sale Sale 4v Sale 16 Sale 26 v 26 6 Feb. 14 2v Feb. 25 10 v Feb. 2 11v Feb. 25 55 Feb. 17 28 Feb. 2 10 41v Jan. 11v Feb. 10v Feb. 2 85v Feb. 28 2 iv Feb. 6 4v Feb. 23 6% Jan. 4 3 v Jan. Jan. 16 Jan. 6 4 12v 33 v 47 v 14v 3 5 Jan. 6 Feb. 28 Feb. 28 Jan. 20 5 125 Feb. 11 Feb. 20 3 25 v Jan. 10v Jan. 23 7 5 3 4 Jan. 23 11v Jan. 4 v Jan. 13 Jan. 24 16 v Jan. 4 6 Feb. 18 Feb. 2 6 v Jan. iv Jan. 20 1 52 Feb. 100 v Jan. 955 9055 9v 1855 iv 40 v 15 v iv 8v 10v 51v 75 v 16 60 v Jan. 27 104 Feb. 26 14 v Jan. Jan. Jan. 26 107 v Jan. 13 v Jan. Jan. 26 Jan. Feb. 20 26 2 v Jan. Jan. 26 42 v Feb. Jan. 27 Jan. 19 Jan. 24 2 v Feb. Jan. 26 Jan. 11 Jan. 23 Jan. 16 11v Feb. 57 v Jan. Feb. 20 85 v Feb. Jan. 13 Jan. iv Jan. 17 27 Feb. 4 29 14v Feb. 21 16 19v Feb. 15 8 22 v Feb. 28 25v Feb. 17 24 Feb. 40 v Feb. 33 Jan. Feb. 3 30 151 20 24 9 Jan. Jan. 21v Jan. Feb. 28 8 6 Jan. 4 Feb. Feb. 5 26 70 10 3 4 12 27 Jan. 4 20 22 v Jan. 24 Jan. 45 26 114 v Jan. 18 24 60 17 54 v Jan. Feb. 48 Feb. 18 8v Jan. 27 v Jan. 13 143 Jan. 26 Jan. 15 h9v Jan. 4055 Jan. 114v Jan. 22 Sale 42 v 17 Jan. 146 Feb, Feb. 655 Jan. 27 x20% Feb. 23 121 Feb. 4 5 11 1 19 6 20 6 39 v Jan. Jan. Feb. 13v Feb. 18 19v Feb. 24 Feb. 6v 21 10 v Jan. 7 151 Sale 4 Feb. 30 20 125 Sale 14v Jan. 32 v Jan. 4 v Jan. 26 Feb. 4 9 26 Feb. Sale 6 27 27 147 Sale Jan. Jan. 26 v Feb. Jan. 57 19v Jan. Jan. 28 22v Feb. 10 10v Feb. 27 4 v Feb. 6 Jan. 15 Sale 23v 16V Jan. 4 107 28 2 4 Jan. 8v Jan. 2255 Jan. 124v 122 123 14755 14855 151 22 24 v 2155 10 v 10v 1055 Sale 4 455 14 v 1455 Sale 6 6v 6% iv 155 Sale 54 v 5455 Sale 101 100 % 11v 10% Sale 94 v 93 97 11v 1055 Sale 24 25 2155 1% 4% 3 v 15 5v Sale 6 123 122 Feb. 45 Sale Jan. 10v Jan. 102v Jan. 3 v Jan. 26 3355 Feb. 20 24 143 Sale 115 64 v 82 iv Jan. v Jan. 4 24 3 3 107 v Jan. 21 3 Feb. 27 85 28 1 9 v Feb. 26., Feb. 28 v 19v Feb. 24 2 143 14v Jan. 10555 Jan. 13 23 Feb. 24 57 v Feb. 27 88 25 193 10 110 30 Feb. 17 106 Feb. 11 110 8 v Feb. 28 6v Feb. 10 8^o 4 z20v Feb. 23 23 v Feb. Sale 22 V Jan. 115 19 15 25 Sale Sale 110 8v Feb. 23 23 v Feb. 16 Feb. 42 v 45 54 3 v Jan. 26 Jan. 27 Jan. 5 18v jan. 26 m 24 14 5 4 14 4 4 5 5 3 27 3 25 4 25 3 28 16 Jan. 6 31 Jan. 19 16 Jan. 20 24 v Jan. 4 25 27 v Jan. 114 113 36v Sale 36v 2v 3 30 Sale 25 v 17 v 28 v Sale 9v 7 Sale 9 655 39 v 33 v 30 17 8 Feb. 26 Feb. 17 Feb. 9 Feb. 6 3v Feb. 25 40v Feb. 6 3 v Jan. Jan. 17 24 Jan. 38 33 v Jan. 4 33 v Feb. Feb. 30 28 28 28 17 v Feb. 9 v Feb. Feb. 7 20 24 v Jan. 17 Jan. 27 26 2 v Feb. 12 v Jan. Jan. 8v Jan. 6 v Jan. 34v Jan. 7 5 17v Feb. 20 9 v Jan. 4 6v Feb. 37v Feb. 41v Feb. 6 Sale 42 Feb. 47 Feb. 17 42 Jan. 47 Feb. 17 85 Feb. 86 Feb. 16 75 Jan. 86 Feb. 16 Feb. 14 3 v Feb. Feb. 14 iv Feb. 3 v Jan. 23 Jan. 6 Sale 41 43 71 75 3 74 77 v 80 v iv 3v Sale iv 355 % 30 Sale 2v Feb. 23 9v 7v Sale 42 iv 34v Feb. 27 4v 15v Sale v 7 v 40 v 45 3v Sale 18 14v Sale 4% Feb. 3 Sale 1% 3% % 195 1 106 18 Sale Sale 1 Feb. Sale 7% Sale 16v Feb. Feb. 11% 57% 43% 55 20 Sale 17% 9% Sale 28 48 9 34 Feb. 22 Sale Sale 56 Sale 10 16V 37% 30% 11 20 Sale Sale 21v Jan. 60v Sale 39 27 21 16v 155 115 Feb. 12* 50 42 29 26 " Sale Sale Sale 1 106 v Feb. Sale Jan. Jan. 23 v Feb. 55 Feb. Feb. 85 7 84v "85 v "88"" 84v Feb. 12 v Sale 1155 Sale 10m Feb. 20 12v Feb. Feb. 3 107 10355 10455 106v 107% 104v Feb. Feb. 32 v 30 30 30 Feb. 24 31 31% 4 v Sale 3 v Feb. 20 4 v Feb. 455 Sale Feb. Sale 32 33 v Feb. 20 36 36 39v Sale 28% 14% 15 168 Sale 2 15 1 28 2 Sale 27 28 19 2 1% 4%. 26% 13% 120% 24% 25% 2 3 v Feb. v Feb. 25 Sale Sale Feb. Jan. 26 Feb. 17 Jan. 26 Jan. 25 iv Feb. 1 17 Feb. 103 121% 148% Sale 21% Sale 11% Sale 4% Sale v 355 55 10v 7855 15 13 v Feb. 106 Sale 121 Jan. 83 v Feb. 65 Jan. 38 Jan. 2 185 42% 11455 20 43 v Feb. 25 3 v Feb. 28 Jan. 6 9 55 Feb. 19 81v Jan. 15v Jan. 23 v Jan. Jan. Jan. 57 v Feb. 27 Feb. 1155 4155 Feb. 17v Jan. Jan. 80 142 9 47 v Jan. 22 v Jan. 7 175 7 6 27 v Jan. 37 v Feb. 24 Jan. 6 110 Ill Feb. Sale 2255 7 8 Jan. 12 v Jan. 35v Jan. 16 Jan. Sale 17% Sale 27 28 83v 184v 84 1755 10655 8355 6 4 v Jan. 11v Feb. 24 115 he* Sale 29% 43% Feb. Feb. 8v Sale 11855 117 Feb. 118v 115 123 123 110 57 Feb. 57v Sale v Sale v Feb. Sale 3 v Feb. 3 v Sale Sale Sale v Feb. 13 v Sale 13% Sale 12v Feb. 80 4 24 26 27 v Jan. 3255 Jan. 2 v Jan. Sale 13 Sale Jan. 10 42 v 3v Sale 12 108 108 Feb. 35 8V 3% Sale 15% Sale 6 6% Feb. 20v Sale 35 19v 6% Sale 36 Feb. Sale 26 v Sale" 37v Feb. 24 Jan. 27 3 v Jan. Jan. Sale Sale 70 36 10 21 10 19 v Jan. 20v Feb. 28 Sale 45% 455 Feb. 2 11v Feb. 8 22v Feb. 28 20 17 v Feb. 17 Feb. Sale 114% 3 v Feb. 9 10v Feb. 10 Feb. 16 4 Jan. 59 v Jan. 52 v Feb. Feb. Sale 9 52% 22% 24 27 26 23 24 Jan. 20 16 Sale 52v Feb. 24 Jan. 14v Feb. 28 23 142 16 45 v Feb. Sale Sale 1 13v Feb. Sale 8% 26% 180% 14% 6 38 Sale 105 28 17v Feb. 52 v Feb. 30 108 28 9% 76 v Feb. 1-3 v Feb. 14 21 Jan. 4 27 5 3 3 3 Jan. Sale 108 Sale 27 26 108 Sale 110 Sale 2 Jan. 45 % 17155 174 57% 56% 19% Sale 4% 82% 1854 31v 34 v 2% 3 38 Sale Sale 106 27 73 v 3655 110 Sale 18 24 27 v Jan. 14 169v Feb. Feb. 3 145 13 27 27 24 74 10% 36% Feb. 23 Feb. Feb. 23 54 v Feb. Jan. 18v x7Vs 68% 11v Feb. 17 Jan. 28 9 Feb. 22 Feb. 16 53 Feb. 28 15 13 5 2 117v Jan. Feb. 20 20 113 Jan. 4 8 26 165 Jan. 137 v Jan. 1 5 102 12 6 7 v Feb. 74 Feb. 25 Jan. 6v 28v 18v 16v 10 103 v 15% Jan. Feb. 12 51v ZH 5 v Jan. 4 v Jan. 23 v Jan. 2 Sale 74 12v Jan. Feb. Sale 57 \VA 67 35 107 14 Sale 10 103 v Feb. 24 Feb. 6 4 10 Feb. 22 v 169v 139v 20v 15v Jan. 92 v Jan. Feb. Jan. 102 5 17 23 109 Sale 3 Jan. 5 26V Jan. 12v Feb. 16 111 170 4 Jan. 26 15 104 Sale 4 Jan. 26 20 9 7 v Feb. 6 v Feb. 17 28 v Feb. 25 16 v Feb. 24 14v Feb. 25 20 Jan. Jan. Jan. Feb. 24 166 Sale 11 Sale 6 v Feb. 23 2 5 Feb. 1 24v Feb. 4 15v Feb. 13 v Feb. 15 15 Jan. 21v, Jan. 113v Feb. Sale 24 16% Sale 45% Sale 1 14 102 10 106 VA 12v Feb. Sale 22 35 c 26 12 113 7 v Jan. 9% 25% 15v 14v 25v 9 175 16 113 6v 28 v Feb. 13 Sale 655 24 Jan. 111 Sale Sale Jan. 20 110 Sale 26 17 7 '12% 110 Jan. 23 v Feb. 12v Feb. 115v Sale 7% Sale 4% 5h 27% Sale 18 20% 16% Sale 28 28 28 Jan. 11%. 10 v 23 v 168v 13 v. 92 21v Feb. 22 v Feb. 12 Feb. "l3V Sale 110 Jan. 7 v Jan. 24 15% 12 92 22 v 25 „ 30,800 Owens-Illinois Glass Co.12.50 20,600 Pacific Amer Fisheries Inc—5 210 25v Sale 51% 21% 40% 2,400 Outboard Marine & Mfg— 11,300 9,500 Sale ---50 32,400 Otis Elevator 530 6% preferred 260 Sale 14 123 94,200 Ohio OH Co (The) * * 23,300 Oliver Farm Equipment 58,300 Omnibus Corp v tc (The)—-* 490 Preferred A -100 3,300 Oppenheim Collins & Co— 8,600 14% 110 Preferred 6% series 420 Sale 115 230 Northern Central 166,500 4,300 500 18,900 Sale 110 457,300 North American Aviation — 1 21,600 North Amer Edison $6 pref--* 70 Ask ---50 N Y Lack & West Ry 36.700 N Y Shipbuilding pt 940 7% preferred 7,500 Norfolk •& Western 3,700 8H 24% 22 New York Central Co—100 36,600 {NYNH&Hartford ——100 Convertible preferred—100 15,700 3,300 tN Y Ontario & Western-.100 170 420 — - 10% preferred """270 9,400 3,400 1,100 7,300 / a—10 40 100 National Tea Co 110 New York & Harlem ""70 2,400 of Pa --* 140 5% preferred series A—100 47,700 Newport Industries Inc 1 10 45,800 * * 25 Nat Mall & St Cast's Co 4 l",306 20 1,220 100 —100 7% preferred A 6% preferred B " 39,400 * -10 pref 5,500 Natomas Co 2,300 Nelsner Bros Inc 600 15,300 5,500 142,800 9,200 18,900 conv National Lead 800 650 3,500 56,200 14,100 12,600 3,700 Feb. 1 Bid Par Shares 33,200 SINCE JAN. 1 Jan. 3 Jan. 1 Shares RANGE PRICES IN FEBRUARY Price stocks N. Y. STOCK In 37 exchange—stocks 83 2 3 v v Sale iv Feb. 3 Feb. v Feb. iv 3 9 iv Feb. Feb. v Jan. 3> 4 in Jan. Jan. 4 5 14 N. T. STOCK 38 AGGREGATESALES PRICES Price STOCKS Jan. 1 Shares Shares Bid Par 21,300 2,700 1,200 24,500 76",900 94 A 14234 57,200 Philip Morris & Co 10 3,800 5% conv pref series A--100 2,700 Phillips Jones Corp * Ask Saie Bid Sale 140 Sale 100 30 34 40 39 A Sale A* Sale 40 2X4 3A 24 A 25 7A 24 A 40 44 A 40 7A Pitts C C & St L RR Co. -.100 100 67 65 370 7% guaranteed pref 100 42,500 Pittsburgh Screw & Bolt—* 5,100 Pittsburgh Steel Co.. * 240 7% pref class B 100 410 5% pref class A —100 310 5X4% 1st ser conv pr pf.100 3,530 Plttsb & West Virginia —100 30,400 Plttston Co (The) -* 12,300 Plymouth Oil 5 1,500 Pond Creek Pocahontas Co 33,400 Poor & Co class B. * 1,400 Porto Rican Am Tob cl A—* 2 500 Class B * 95,000 Pressed Steel Car common.. 1 2,200 5% conv 1st pref 5 166 169 171 preferred Chicago— 150 110 990 3,800 5,400 200 9,700 500 • 800 22,100 200 700 3,400 10,300 27,300 2,350 86,200 6,800 3,600 2,300 1,090 5% conv Preferred 43,100 2,600 1,900 800 380 Feb. 434 Feb. Feb. 23 Feb. 27 1 3 824 Sale 36 3 Feb. 43 Feb. 8 724 Feb. 10 3:2334 Feb. 14 3634 Feb. 23 "4 34 19 20 634 Sale 534 6034 424 2124 6 Sale 2 8 4 524 Feb. 27 67 Feb. 65 172 175 Feb. 1824 Feb. 17234 Feb. 734 Sale 1124 Sale Feb. 7 1 16 166 Jan. Feb. 28 24 Sale 20 23 22 Sale 20 Feb. 3134 30 34 14 34 32 Feb. Sale 2134 Sale 36 22 A 8 16 A A Sale Sale* 20 A Sale 9X6 3A Sale ' 136 A 14 A 14 Sale 13 Saie 2 A 1X6 A 2 A Sale 14 A Sale Saie 56 Sale 56 1434 Sale 134 Saie 34 11A 11X4 35 34 934 10 12A o 1234 130 135 150 152 155 Sale 32X4 Sale Sale 104 114X6 115 A Sale Sale Saie 15432 156 4 20X4 Jan. 7X4 Jan. 11 27 67 Jan. 12 Feb. 16- 25 5' 5 172X4 25 9X4 Jan. 5 5 5 28 39 28 42 Jan. 14 14 22 Feb. 25 20 Fen. Feb. 14 Jan. 2 32 30 24X4 36 34 15X4 % 22 A Feb. 2 14 24 Feb. 24 Feb. 28 Feb. Feb. 27 21K Jan. 25 23 17 1124 Feb. 34 Jan. 28 2034 Jan. 27 Jan. 16 1424 Feb. 28 124 Feb. 28 Feb. 6 Feb. 28 5524 Feb. 21 57 Feb. 16 134 Jan. 27 30 Feb. 37 xl54 3 39 10 Feb. 10934 106 120 11824 Feb. 6 27 Jan. 25 11634 Feb. 33X4 Feb. 8X4 Jan. 2534 Jan. 44A Feb. 3 27 201 14 28 Sale 5624 Feb. 27 Feb. Feb. Feb. Jan. Feb. 33 3 43 10 # Sale 9 4 2 Feb. 23 1 Feb. 1 Feb. Feb. 25 7 Feb. 2 Feb. 6 % Feb. 1024 Feb. 23 2 1124 Feb. 37 624 Jan. Jan. Feb. 1124 34 2034 824 12X4 1X8 13 5634 116 A Sale 119X2 33 A Sale a:3634 106 A 10734 10734 119 A Sale 11924 133 134 13634 118 Sale 1124, Feb. 20 12 Jan. 524 Feb. 28 39 13 3X4 Jan. 18 16 17224 Feb. 8 Feb. Sale 29 27 20 39 36X4 24 Jan. 4134 Sale Feb. 524 Feb. 7 43X4 Jan. 3 7J4 Jan. 26 x23% Feb. 14 £3634 Feb. 23 64 39 A Sale 36 6 41 15 A 27 20 Feb. 734 12A 34 15 Jan. Prices 24 102X4 Feb. 2820 153 34 Feb. 28- 26 424 Feb. 24 66 Feb. 434 Feb. 6 824 Feb. 21 2424 Feb. 7 4434 Feb. 3 20 9124 Jan. 141 Highest Sale 3734 Jan. 234 Jan. 4024 Feb. Feb. 38 42 50 14 10224 Feb. 28 28 15 424 Feb. 2 20 15324 Feb. Sale Sale ...100 Pub Ser Corp of N J com * $5 preferred --* 6% preferred 100 7% preferred 100 760 8% preferred 100 9434 Feb. 141 Sale 43 5% Sale Prices m * Procter & Gamble— Lowest Sale Prices 13 A 37 50 2d pref Highest Sale Prices 115 434 1534 5X6 60 conv 7% 2434 lib W 8 A 7lA — 10 « Sale * $5 Pitts Ft Wayne & 50 5 724 25 Sale 115 91 20 110 30 13,100 1,800 8 Sale 434 424 40 3024 3924 Sale O 334 42 44 36 - Pittsburgh Coal (of Pa) —100 2,000 6% preferred 100 1,000 Pitts Coke & Iron Corp * 400 24 50 Sale "3",200 V.666 4 30 X6 100 " 153 43 A 8,500 Pierce OH 8% conv pref—100 3,300 Plllsbury Flour Mills 25 260 Pirelli Co of Italy Am shs 4,600 1,100 10234 Sale 145 95 * 5 Phillips Petroleum 300 Phoenix Hosiery 460 Preferred 50 SINCE JAN. Lowest Ask Ask Bid 434 Sale 6 Feb. 28 1 100 Preferred 100 RANGE 1939 Feb. February IN FEBRUARY Jan. 3 N. Y. STOCK EXCHANGE Since In EXCHANGE-STOCKS 1 11924 Feb. 27 1 37 10 109 Feb. 25 Feb. 27 4 8 12024 Feb. 4 13634 Feb. 28 Feb. Feb. 14 15824 Feb. 6 8 4 1124 Jan. 30 1X4 Jan. 26 6 24 Feb. 10 Jan. 5 5- Jan. 3 Jan. 20 3 Jan. 9 Feb. 16X4 Jan. 2 A Jan. 27 X4 Jan. 14 X6 Jan. 17 4 6 Jan. 27 1024 Jan. 3124 Jan. £5324 Jan. 26 14X6] Jan. 26 43X? Jan. 5 24 57 Feb. 16 116 21 Jan. 3124 Jan. 10324 Jan. 115 Jan. 12934 Jan. 150 Jan. 55 119X4 Feb. 27 37 Feb. 25 4 109 Feb. <27 9 34 Feb f 8 10 136X4 Feb. 28 4 158X4 Feb. 6 4 120 Public Service El & Gas— 500 100 100,500 Pullman Co 300 * 127,900 Pure Oil 26,300 38,000 * 1,300 6%.preferred 13,200 5% conv preferred 100 33,700 Purity Bakeries * 900 Quaker State Oil Rfg Corp. 10 315,700 Radio Corp of Amer * $5 preferred B * S3.50 conv 1st pref * 14", 600 50,600 JRadio-Kelth-Orph Corp—* 4,500 15,300 600 80,900 "4,200 11,800 700 2,600 Raybestos-Manhattan 7,300 Rayonier Inc $2 preferred 3,000 1,600 500 2,100 600 1,700 30 50 --50 5 100 Preferred 30 900 Reliance Mfg Co 12,100 38,900 1,300 Remm In g ton-Rand 10 1 25 510 Rensselaer & Sara RR Co. 100 500 190 Pref with warrants 200 1,700 5,100 28,400 Brass 5 7% preferred 534% preferred Reynolds Metals Co 534% conv pref Reynolds Spring Co Reynolds (R J) Tob cl B 100 100 * 100 1 10 Revere Copper & 60 10 190 3,700 5,400 33,000 12,100 1,000 17,600 73,700 60 180 25,900 186" 800 400 10 Class A 200 20 10 Common Rhine Westphalia El & Pow.. •--* Richfield Oil Corp.. --* 1,000 Ritter Dental Mfg 3,700 Roan Ant Cop Mines new 4,600 Ruberoid Co cap stk new..* 600 1,100 1,200 200 tRutland RR pref fc7.566 St Joseph 1,600 4,000 40 48,166 380 5,250 ' 100 10 Lead 22,800 3,200 JSt Louis-San Francisco. 100 6% preferred 100 10,400 SO tSt Louis Southwestern..100 5% preferred.. 100 * 159",700 Safeway Stores 5% preferred 100 1,450 6% preferred ...100 6,650 7% preferred 100 1,780 900 18,500 1,000 15,900 3,800 2,500 260 5,800 800 3,500 500 29,400 25,100 2,800 400 7,100 700 8,800 370 9,300 900 4,200 11,200 2,200 1,200 7,500 '""550 450 1,100 800 9,200 86,800 " 4,200 Savage Arms Corp 42,800 Schenley Distillers Corp 534% preferred.. 4,500 50,000 JSchuite Retail Stores 8% preferred 23,000 Scott Paper. 7,400 5 100 1 100 * preferred * $4.50 340 conv 16,200 1Seaboard Air Line 4-2% preferred 2,500 15,300 Seaboard Oil Co of Del 600 Seagrave Corp (The) 76,900 Sears, Roebuck & Co 79,500 Servel Inc Sharon Steel * 100 * * ---1 Corp 10,800 $5 conv preferred 1,000 19,600 Sharp & Dohme Conv pref series A 1,600 * Shattuck (Frank G) .-* 20,300 540 Sheaffer (W A) Pen Co Shell Union Oil Simonds Saw & Steel Co 13 8 Sale 80 100 Sale Sale Sale Sale 18 Sale Sale 2% 1834 1434 23 Vs Sale 20 Sale 15 Sale 2224 17 24 434 4234 834 Sale 7A 9A 25 100 840 Sloss-Sheffield Steel & Ir.100 $6 preferred * 590 Smith (A O) Corp 10 6,100 Smith & Corona Typewr. * 2,200 Snider Packing.. ♦ 13,900 221,300 Socony Vacuum Oil Co Inc. 15 78 • 69X4 1A 24X4 68 8 9 12 Sale Sale Sale 72 1424 7234 64 124 2024 2034 20 16 25 2334 2034 20 424 6524 Sale 1324 2034 Sale 25 Sale 5 50 50 9 Sale 1134 834 824 1024 9 824 1034 6324 228 1824 1234 7 Feb. Feb. 16 8 Feb. Feb. 10 20 Feb. 14X8 2234 19X2 424 4724 834 Feb. 10 Feb. 27 Feb. 23 1 Feb. 7 Feb. 20 Feb. Feb. 8 16 1 Sale Sale 1034 Feb. 27 13X6 Feb. 21 75 Sale 74 73 66 6734 68 124 Sale 2124 Sale 60 65 64 24 1624 68 Sale 60 19 X4 38 Sale 1634 Sale Fell. 28 9 Feb. 20 63 Sale Sale 56 Sale 75 Jan. 26 8134 Jan. 13 36 Feb. 12 A Jan. 8X4 Jan. 3 3 5 65 Feb. 234 1924 1424 20« Feb. 3 Feb. 28 6124 224 18X4 12 24 Jan. 27 Jan. 26 Jan. 25 Feb. 10 67 34 Jan. 2 34 Jan. 22 34 Jan. 23X4 18X-6 25X4 20X4 5X6 67 Sale Sale 124 Feb. 1 Feb. Feb. 10 5834 Feb. 1524 Feb. 27 32 1024 Jan. 26 Jan. 21 624 Jan. 26 12 1 Feb. 20 20 Jan. 26 Feb. 23 Feb. 27 1434 Jan. 28 Feb. 7 23 Feb. 7 2034 Feb. 524 Feb. 9 1724 Jan. 26 11 Jan. 18 50 Feb. 8 824 824 1024 1524 Feb. 6 Feb. 6 Feb. 25 4 7 Jan. 24 9 724 1024 1234 73 A Jan. Jan. Jan. Jan. 27 Jan. 24 134 Jan. 23 8 2 Feb. 3 6824 Feb. 27 64 124 Feb. 2224 Feb. 27 27 13 4 Jan. 50 4724 Feb. Feb. 75 17 4 3 Jan. Jan. Jan. Jan. Feb. 11 Feb. 34 9X4 11X6 17X6 75 34 68X4 8 Jan. 6 Jan. 5 Jan. 12 Jan. 5 Jan. 25 Feb. 27 6 28 18 Jan. 3 63 Feb. 18 60 Feb. 70 Jan. 7 6424 Feb. 1734 Feb. 28 6 58 Jan. 26 71 Jan. 1424 Jan. 30 20 '4 Jan. 40 Xs Jan. 77 Jan. 9 . 26 3 1X4 Jan. 25X4 Jan. 40 31 38 30 74 88 73 77 74 77 76 Feb. 17 77 Feb. 20 76 Feb. 51X4 13X4 55 52 55 54 Sale Sale 54 Feb. 28 54 Feb. 28 12X4 Feb. 6 Feb. 4 924 Feb. 41X4 Feb. 2 6 5034 1124 7824 724 3734 4 Jan. Jan. 24 4 Jan. Jan. 27 Feb. 20 45 Jan. 4 Feb. 6 Jan. 24 58 Jan. 31 8X6 Jan. 734 Jan. Jan. 26 77 Sale 1224 79 80 934 80 3824 Sale 55 Sale 55 44X4 57X4 Sale 41 Sale Sale 56 60 9X4 Sale 934 724 1424 28 24 11 9 Sale 33X4 Sale 1 1X4 46 A Sale 5/ 78 z/. 134 Sale 3 Sale 9 1 40 34 134 124 5 Sale 834 1534 29 134 Sale 34 Sale 324 9 86 Saie 924 Sale 834 Sale 1524 Sale 29 24 Saie 134 24 3924 Sale 34 34 134 Sale 3X4 Sale 9 Sale 81 A 96 Sale 106 Sale 10534 106 Sale 108 Sale 110 10534 18X6 3634 9334 17 Sale 1434 14 24 68 Sale 69 A 7X6 47 A Sale 113 Sale Sale 48 A 11334 7 2 A Sale Sale 1524 Sale 71 124 20 Sale Sale 16 Sale Sale 18 5934 524 Sale 62 64 A 83 50 1034 1024 1124 3234 1324 Sale 13 Sale Sale Sale 32 A 3 A Sale 21A 28 A 94 A Sale Sale Sale 96 A 100 Sale 100 A 18 A 103 524 28 Sale 3 Sale 29 24 3 2024 23 24 Sale Sale 94 9634 83 90 101 55 Sale Sale 16 Sale 13X6 Sale 1324 1324 1224 30 Feb. 41A 24 124 334 Feb. Feb. Feb. Feb. 16 Feb. Feb. Feb. Feb. 105 3224 124 1934 224 6734 1534 1634 61 524 47 1034 3124 x55 13 34 27 Jan. 27 25 24 134 Jan. 24 37X4 Feb. 24 A Jan. 20 1X4 Jan. 25 3 Jan. 54 23 18 14X4 Jan. 4 Jan. 27 80 11X6 Jan. 5 10X4 Jan. 9X4 Jan. 16 A, Jan. 34 Jan. 134 Jan. 46X4 Jan. X4 Jan. 2 Jan. Jan. 3 3 34 Jan. 106 534 6 Sale Sale 10424 Sale 1724 1624 Sale 1524 Sale 1434 Sale 1634 Sale Sale 1234 Sale Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 8 9 Feb. 6 Feb. 27 Feb. 9 Jan. 3 39X6 Feb. 82X4 Jan. 4 Feb. 24 Feb. Feb. Feb. 27 27 3 2 Feb. 2 Feb. Feb. 27 Feb. 14 24 Feb. 1 2 Feb. 3 20X4 2A 7434 1724 1834 Feb. Feb. Feb. Feb. 9 7 63 1 23 21 1 15 14 2 2 1 6 29 Jan. 96 2634 15 1 16 11 3 Feb. 1 20 Feb. 11 2334 Feb. 2 6 98 Feb. 3 107 Feb. 9 112 Feb. 24 18X4 Jan. 3 104 34 Jan. 13 Jan. 26 13X4 Jan. 11 27 26 17 Jan. Jan. 3 72 Jan. 9 A Jan. 3 1 Jan. 20 68 6 Jan. 45X4 Jan. 113 Jan. 10X4 Jan. 25 23 48X4 Feb. 27 4 115X4 Feb. 14 8 34 Feb. 1X4 Jan. 27 19 Jan. 234 Feb. 3 13 26 21 28 67 Jan. 25 28 15 X4 Jan. 5 2X6 Jan. 5 22 H Jan. 3X4 Jan. 6 10 5 Jan. 11 5 Jan. 24 4 15X4 Jan. 28 74X4 Jan. 18X4 Jan. 21X4 Jan. Feb. 6 60 Jan. 26 69 6X4 Feb. 5024 Feb. 1124 Feb. 5X4 Jan. 16 47 Jan. 27 25 24 10X6 Jan. 24 7X4 Jan. 50X6 Feb. 11X4 Feb. 24 Feb. 6 15X4 Jan. 5 Feb. 6 Feb. 6 13X4 Feb. 28 Feb. 3 634 Feb. 6 Feb. Feb. 28 2134 Feb. 2534 Feb. 1 36 107 30 3 1 16 Jan. 5 Jan. Jan. Jan. Jan. Jan. Jan. 26 Jan. 26 9434 Jan. 1234 Saie 334 1924 2024 2534 Sale 9634 9424 100 24 Feb. Sale 103 16 A 14 A Sale 106 Sale 534 Sale 624 Sale 47 3134 6 A Sale 334 45 106 Sale 224 x20 Sale Sale 3734 24 134 324 Sale B* Sale 4 924 Feb. 834 Feb. 28 1534 Feb. 28 Feb. 1424 Feb. 2724 Feb. 1 3524 Feb. 3924 1 9324 Feb. 98 Feb. 10 107 111 1 112 108 Feb. 17 1524 Feb. 24 16A Sale 1 1424 Feb. 1624 71 68 Feb. 21 7134 Sale 34 Feb. 14 34 Sale 6X2 Feb. 14 9X4 Sale 2 4624 Feb. 4824 3 11524 11424 114 Feb. Sale 28 J* 15 824 Feb. 8 56 Sale Sale Sale 7 Sale 7334 11 105 69 324 Sale 50 1634 1624 2 224 6734 75 97 Sale A* Sale Sale 3734 24 Sale J/* 924 Sale 734 4634 4824 4534 11434 11424 11424 Sale 2A 21X6 2 A 73 A 17 A 19 % Sale Feb. 80 5 17 9 3 A 29 A 82X4 Jan. 40 1124 Feb. 21 79X4 Feb. 10 834 Feb. 20 3724 Feb. 20 Sale 16X6 1224 38 Sale 84 Sale 10X4 61 * 51A 10 A 10 A 10 A. 47 A * Sale 16 A 74 A * * * Sale Sale 1 9X4 Feb. 100 17 Sale Feb. 8 Feb. 3 Feb. 21 Feb. 28 14 7% Sale 28 624 Feb. Sale 6534 234 1924 Feb. 8024 13 24 1224 724 7A 80 88 1 12 Sale 23 21 Sale Sale Jan. Feb. Sale 12 A 100 83 28 13X4 64 24 Jan. 39X4 Jan. 1134 Jan. 10 26 Feb. Sale 25 117X4 Jan. 88 Sale 116X4 Jan. 824 Jan. 2 Sale 80 10 28 3 1 11A 12A Saie 10 11624 Feb. 23 36X4 Feb. Feb. 9 8424 Feb. 7524 Feb. 1124 Feb. 20 * 30,300 Convertible preferred.. 100 3,200 Silver King Coalition 5 16,000 Simmons Co * 38,100 Slmms Petroleum 10 5,700 3,400 25,100 Skelly Oil Co 6% preferred... 500 Sale 67 5 51,900 JReo Motor Car * 455,100 Republic Steel Corp 6% conv preferred ..100 600 6% conv prior pf ser A. 100 4,700 21,000 137,100 Sale 13 A 41 900 Rels (Robt) & Co 1st pref. 100 * 1,700 Reliable Stores Corp 300 600 200 81A 2% Sale 11624 Feb. x32A Feb. "75 A Sale 67 88 85 86 12 11524 11634 11524 36 3424 Sale 924 Sale 9A Sale 18X6 25X4 2034 434 * 1 25 50 10,700 Reading Co.. 1st preferred 1,100 2d preferred 2,500 3.000 Real Silk Hosiery 1,100 620 114X4 120 38X6 Sale 1134 Sale * $5 preferred 116 Saie 9 28 11X4 10434 534 2534 2 34 1834 36 7 107 7 23 5 16 Jan. 27 5 Jan. 14 27 32X4 3X6 21X4 29X4 95X4 Feb. Jan. Jan. Jan. Jan. 10 Feb. 21 80 Jan. 30 101 Feb. 21 10434 Feb. 15 Feb.y 20 1624 Feb. 1434 Feb. 2 1624 Feb. 1334 Feb. 17 Feb. 23 101 Jan. 18 104X4 Feb. 23 12X8 Feb. 20 16 86 Feb. 101 10234 Feb. 1324 Feb. 28 7 28 21 14X6 Jan. 1334 Jan. 12X4 Jan. 12 Jgn. 26 26 19X4 Jan. 16X4 Jan. 26 17 26 Feb. 5 3 28 13X4 Jan. 4 21 114X4 Jan. 3 Jan. 3 21 16 20 Solvay Am Corp— 800 13,000 5,400 90 Foe footnotes 534 % preferred 2,700 South Amer Gold & Plat 66,400 So Porto Rico Sug 18,900 8% preferred.. 230 see page 100 1 * 100 11234 Sale 2% Sale 1834 Sale 13234 11224 234 1734 138 Sale Sale Sale 11134 112 224 Sale 17X6 Sale 111 136 137 141 Feb. 21 11334 Feb. 224 Feb. 1824 Feb. 8 3 2 111 Feb. 4 132 234 Feb. 9 1734 Feb. 28 Feb. 20 141 Feb. 234 Jan. 16X4 Jan. Jan. 18X4 Jan. 11 141 Feb. 40. (i 10 4 n. t. stock March, 1939] AGGREGATE SALES In Since February Shares Shares Feb. Par 34,900 Sou California Edison.....25 296,200 Southern Pacific Co. .....100 207,200 Southern Railway.. * 102,800 5% preferred.. 100 100 200 Mobile & Ohio certlfs—10© 8.500 Spalding (A G) & Bros 750 10,400 1,240 29,500 1,400 1,200 349,800 17.400 510 970 15,500 ?00 400 107,500 68,400 2,160 6,400 63,700 4,200 6,700 8,100 23,300 1,400 12,400 200 33,900 35,800 200 46,500 2,000 5,600 14,200 3,900 78,000 31,000 2,100 410 14,100 4,400 8,700 1,800 500 15",200 4,000 7,700 7,000 1,200 320 * 3,600 4,000 52,700 16,400 16,000 6.700 10.000 900 2,400 3,400 Sutherland Paper Co 10 800 Sweets Co of Amer (The)-—50 36,900 Swift & Co 25 8,500 Swift Internat Ltd. Symington-Gould Corp with 31,400 stock purchase warrants.! 25,900 Without warrants 1 2,000 Talcott (James) Inc... -.9 370 5%% preferred.. 50 8,600 Telautograph Corp 15,300 Tennessee Corp 134,400 Texas Corp(The) 46.100 Texas Gulf Producing Co—* * Oil—10 Tex Pac Ld Trust ctfs 1 Texas & Pacific 100 Thatcher Mfg ..... * 800 $3.60 conv preferred-—..-* 2,400 The Fair Co * 400 £00 iO 310 3,800 8,600 7,300 19,400 1,180 9,000 2,400 26,300 23,200 800 2.700 27,400 1,700 9,600 9,900 26,400 15,600 1,500 13,000 72,700 3,600 27,800 22,900 89,700 40,600 4,300 33.700 1,500 8,800 1,200 57,400 6,600 3.200 750 35,600 270 7.400 400 300 800 300 15,500 1.700 900 430 8,300 700 2,000 54.000 32,400 6,200 15,900 3,500 3,400 124,700 65,100 2,700 4,800 7,000 84.500 77,900 25,700 33,800 6,600 10,000 371,100 132,100 5,800 10 2,100 1,300 109,500 33,700 31,100 1,300 270 5,300 1,200 16,500 75,200 1,000 9,900 1,200 4,400 300 100 40 2,700 279,600 68,800 47,400 5,500 500 14,200 1,900 conv 10 100 pref Thompson (JR) .....25 Thompson Products— -* Thompson Starrett— Preferred. Tide —10 Wat€|)r Assoc Oil— $4.50 conv * pref.. Timken-Detroit Axle Co—10 Timken Roller Bear * Transamerica 2 C?*"P new -5 Tran & Williams Steel Forg.* Tri-Contlnental Corp -* Transc & West Air Inc * 6% preferred * 10 Truax Traer Coal Truscon Steel Co 20th Cent Fox Film Corp- 140 — ? $1.50 preferred— Rapid Transit--.* Preferred 100 Twin City Sale 30 33 39 34 35% 3/8 —.5 United Air Lines Transport.5 * United Biscuit of Am Preferred 100 ... * United-Carr Fastener Corp.* * United Corp * Preferred 5 -10 United Drug Inc United Dyewood. 100 Preferred U S & Foreign $6 1st pref 42 Sale 8% 7% 5 5 * --* 7% preferred pref 8% 1st preferred 11,100 U S Smelt Ref & Mg Preferred 4,200 ...100 ...50 50 7 Sale 15% 16 14 Sale 15 Sale 45 45% 45 Sale Sale 13 Sale 43% 44% 15% Sale Sale 64 Sale Sale 24% 6% 98% 1% 3% 8% 16% Sale 15% 70% 29/4 7% 98% 2% 3% 9% Sale Sale Sale Sale Sale 17 18% 28% 28% 42% 53% 33% 71% Sale 27% Sale Sale Sale Sale 26% 50% 48% 32% 72% Sale 50 26% 70% 10% 5% 14% 7% 57% Sale 17 Sale 7% Sale Sale 65 120% 11% 38% 3% 20% 45% Sale Sale 121% Sale Sale Sale Sale 122 9% 33% 2% 17% 28% 9% 30 Sale 10% 18% 27% Sale 19 Sale 26% 12% Sale 7% Sale 7% 9 42% 44% 10 4% 6% Sale Sale 48 Sale 5% 32% 9% 8% 21% 19% Sale Sale Sale Sale Sale Sale 58% 58 4 Sale 37% 4 40 Sale 18 15% Sale 2 Sale 28% Sale 3% Sale 15% Sale 13 % Sale 93% 94% 18% Sale 54% Sale 6% Sale 10% Sale 3% Sale 10 3% Sale 87 97% 4% Sale 12 13% 26% Sale 34% 35% 3% 3% o 8% 7 6% 39% 4% 5% 44% 2 • Sale Sale 18 50% Sale 30 5% Sale Sale Sale 125 Sale 34% Sale Sale Sale 11 Sale 27 Sale Sale 7% 42% aVA Sale Sale 30% 9 8 16 19% 55 3% 37% 2 3% 23% 3 12% 12% 95% 15% 46% 6% 8% 9 3% 87 4% 10% 22% 31% 3% Sale 96 Sale Sale 12* Sale 32 Sale 10 Sale Sale 3% 60% 9% 85% Sale WA 94 Sale Sale uk if* Sale 83 13% 16% 23 Sale Sale Sale 119 115 65 17 Sale 17% 3% Sale 34 Sale 5% 8% 66% 6% 32% 65% Sale 1# Sale Sale 6% 52% Sale 12 Sale «g Sale 5% Sale 114% 116 8% Sale 5% Sale 8% 84% Sale Sale 35 Sale Sale Sale 70 Sale Sale Sale 66% Feb. 2% Feb. 3 Feb. 21 24 7 20 101 43 Sale 6% 29 12% Feb. Feb. 24% Feb. 6% Feb. 98% Feb. 64 ol" 126 Sale Sale 127 21% 4% 9% 55 41% 4% 43% 94% 54% 63 33 Sale Sale Sale 7 Sale 33 Feb. 2%, Sale 2% Feb. 17 Feb. 20 1 28% Feb. 8% 7% 6% 40 Sale Sale Sale Sale 4% dH 5 Sale 8 20 Feb. 15 4% Feb. 5% Feb. 7 38 1 Sale 4% 29% 8% 7% 17% 18% 58% 3% Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 21 37 Feb. 20 Sale 20% Sale 42 Sale Sale 4 2% Sale 14 11% 1 24 2 20 16 28 27 3% Feb. 17% Feb. 7 2 Feb. 1 2 Sale 48 Sale 45 Sale Sale 85% 1 iH §1* Sale 87% 4% Sale Sale Sale Z3a 3 25% 10% Sale 3% 57% 10% Sale Sale Sale Sale Sale 19% 102% Sale Sale Sale Feb. 23 6% Feb. 23 7 8% Feb. 9 8% Feb. 3% Feb. 10 4 85 Feb. 4% 10% 22% 31% 9 Feb. Feb. 21 2 Feb. Feb. 27 3 23 Feb. 23 Feb. 9% Feb. 7 23 1 Feb. 1 Feb. 1 Feb. 1 Feb. 7 Feb. Feb. 21 Feb. 6 Sale Sale 12 9% Sale 33 32 72 84 9% 6% 26% 22% 4% 9% 49 105% 57% 65 25 24 Feb. Feb. 23 Feb. 6 1% Feb. 18 3% Jan. 24 Feb. 6 8 Jan. 26 Feb. Feb. 6 6 17 Jan. 27 19% Jan. 26 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 61% Feb. 10 2 4% 10% 20% 24% % 29% 27% 50% 50% 33% 72% 11% 5% 16% 7% 9% 35% 2% 18% *29% 15 2 6 3 28 2 19 Jan. 40 Jan. 13 Jan. 30 6% Jan. 27 7% Jan. Feb. 2% Jan. 5% Jan. 10% Jan. 20% Feb. 24% Jan. 98 % 26% 26% 50% 47% Jan. Jan. Jan. Jan. Jan. Jan. Jan. 5 ,§•* Jan. 3 17% Jan. Jan. 5 17 14 26 28 9% Jan. 26 Feb. 17 5 13% Jan. 26 6% Jan. 27 31 Jan. 9 Feb. Feb. 28 7% Feb. 28 7 40 Feb. Feb. 3 9 5% Feb. 17 5% Feb. 28 16 45 Feb. 5% 31% 9% 8% 19% 20% 59% 4% Feb. 27 3 Feb. 2 Feb. 6 Feb. Feb. 28 Feb. 27 40 A* 25 66 27 127% 27 11% 24 38% 10% Jan. 19% Jan. 28% Feb. 7% Jan. 26 6% Jan. 30 6% Feb. 15 38 Feb. 15 10% 8% 7% 42% Jan. Jan. Jan. Jan. 4 4 7 24 26 5% 6% 48% 5% 32% 10% Feb. 17 Jan. Jan. 3 3 3 5 6 Jan. 6 27 Jan. 12 26% Jan. 26 18 4% 5% 42% 4% 29% 8% Jan. Jan. Jan. Jan. Feb. Jan. 7% Jan. 26 24 26 1 27 24 24 9 56 Jan. 24 37 4% Feb. 16 Feb. 24 16 Jan. 2% Feb. 3% Feb. 15 1% 3% 20% 2% 11% 12% 94% 13% 43,4 6% 7% 8 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Feb. Jan. Jan. 26 3 85 Jan, 24 4 Jan. 5 Feb. 4 88 Jan. 9 4% 13% 26% 34% 3% Jan. 30 Jan. 20 3 3 Feb. 25 1 Feb. Feb. 16 13% Feb . 25 9 28 3% Feb. 27 Feb. 20 3% Jan. 17 3 26 27 30 24 Feb. 16% 48% 6% 9% 9% 3% Feb. 6 Feb. 1 Feb. Feb. 16 6 Feb. 3 Feb. 86 Feb. 24 4% Feb. 7 28 4 Jan. 24 10 Jan. 24 24% Feb. 16 21 Jan. Feb. 27 31 % Feb. 3 Feb. 26 27 12 Feb. 7 3% Feb. 25% Feb. 28 6 10% Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 1 Feb. 27 27 23 24 23 Feb. 7 8% Jan. 26 23 3% Feb. 23 6 57 Jan. 6 28 9% 81% 18% 88% Jan. Jan. Jan. Jan. 27 28 81 Feb. 7 25 25 21 Jan. 28 Jan. Jan. 24 1 28 25 6 25 58% Feb. 23 18 9 33% 9% 15% 113% 27 26 27 26 26 10 Jan. 3 Jan. 4 Jan. 3 Jan. 5 96 Feb. 9 18% 54% 7% 10% 10% Jan. 3 Jan. Jan. 3 10 Jan. 3 Jan. 4 §8 4% Jan. 66 12% 90% 19% 103% 86% 23% 42% 23 13 17 6 11 65 Jan. 12 4% Jan. 26 30 Jan. 26 27 63 Jan. Jan. Jan. Jan. 26 26 26 74* 7P 24 Jan. 26 Sale Sale 54 Feb. 4 63% Feb. 14 10 1 26 11 Jan. 24 Feb. 11 Jan. 26 87 26 27 Jan. 26 Jan. Jan. Jan. Jan. 20 28 90 Jan. 30 26 26 28 52% Jan. 24 60 23 1 28 9 Jan. 5' 11 4 26 14 24 Feb. 10 Jan. 24 7% Jan. 10% Jan. 3 Jan. 4 21 177 61% 37 % 4% 40% 28 17 5 27 8 Feb. 4 Jan. 2 2 Jan. 7 23 3 28 6 28 Jan. Jan. 4 Feb. 7% Jan. 6 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Jan. 12 30% Jan. 18% Jan. 4% Jan. 5% 9% 61% 46% 4% 49% 105% 57% 65% Feb. 28 28 5 25 3 27 27 173 7 Feb. Jan. 30 Jan. Jan. Jan. Jan. Feb. Feb. Feb. Jan. Feb. 73 13 *13% Feb. 6 115% Feb. 3 9% Feb. Jan. 11% 111% 7% 5% 177 23 Jan. Jan. 21 113 7 Jan. 3% Feb. 38% Feb. 5% Feb. 26 6 Jan. Jan. Feb. Jan. 25 7 177 Feb. 1 6% Feb. Jan. 12% Jan. 18 15% 2% 31% 4% 5% 3 Jan. Jan. 26 6 Jan. 65 Jan. 28 Jan. Jan. Feb. 73 Feb. Jan. 28% 3% 15% 14% 17* 54 28 9 Jan. Jan. Feb. 24 Jan. 23 114 Feb. Feb. Feb. Feb. 74 Feb. 5% Feb. 32% Feb. 3% 38% 5% 7% Feb. Jan. 7 10 10 15 40 25 96 33 A* 26 Feb. Sale Sale Jan. Feb. 27 28 Jan. 1 Jan. Feb. 17 9 Feb. Jan. 8 20 Jan. 4 22% Jan. 20% Feb. 27 59% Feb. 17 91 21 Jan. 6 Feb. 20 2 6 3 3 3 13 19 18 91 1 4 Jan. Jan. 9% Feb. 28 87 Feb. 10 % Feb. 11 7% Feb. 27 6 9% Feb. 21 101% Feb. 1 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Jan. Jan. 17 18 1 *13% 21% 4% 8% 61% 41% 4% 42% 92% 28 4 30 28 Sale 6% Feb. Feb. Jan. J an. 26 Sale Sale 33 Sale Sale Sale Jan. Jan. 28 Jan. 7% 82% % 5% *A 6 5 14 3 3 Jan. 3% Jan. 2% Jan. 16% Jan. 27 1 Feb. 1 Feb. Feb. 11 Feb. 20 Feb. 20 7 14 Feb. Jan. 26 Feb. 18 Feb. 28 1 Feb. 3 Feb. Feb. 28 6 19 29% 50% 53% 33% 72% 12% 30 Jan. 4 2G 20 29% Jan. 55 5 3 23 26 Jan. 120% Jan. 8% Jan. Jan. 14 ^ 26 69 4 Jan, 4 101 26 24 Feb. 24 27 r 26 28 6 Feb. Feb. 25 Jan. 5 9 Feb. 3 Jan. Feb. 18 Jan. 16 Jan. 24 9 Feb. 28 Jan. k.4 Jan. 4 Jan. 4 Jan. 23 6 Jan. 25 *45 26 15% Jan. F4 28 72% Feb. 27 8% 84% % 5% 8% Sale Sale % 4% Feb. Feb. Feb. Feb. 27 Sale *112% Feb. 27 115% Feb. 14 2 Sale 7% Feb. 9% Feb. 24 1 6 Feb. 18 5% Feb. 6% 88 99 3% 8% 21% 47% 16% 25 27 Feb. 25 114 12% 113% 8% 5% Sale 4 48 Feb. 3% 3% Feb. 23 Feb. 24 60% 2 9% Feb. 11% 81% Feb. 21 85% 2 18% Feb. 19% 2 103% 93% Feb. 81 Feb. 7 86% 1 21% Feb. 22% 7 37% Feb. 42% 9 10% Feb. 12% 15% Feb. 24 16% 4% Feb. 21 1 30% Feb. 1 66% Feb. 5% Jan. Jan. Jan. Jan. 42% Jan. 11% Jan. 62% Jan. 57 67 71 69 Jan. 1 13 Feb. 16 Sale 37 2% 35% 2% 6% Feb. 21 12 3 12% Feb. 94% Feb .20 14% Feb. 20 9% 3% 37 24 Jan. 45 28 Sale 95% 26% 21% 23% 33%, 15 18 28 d 3% Feb. 23% Feb. 10 2% Feb. 16 w» 95 46 66% Feb. 6% Feb. 21 6% Feb. 15 7 Sale 9 18 16% Jan. 23% Jan. 23% Jan. 9% Jan. Feb. Sale 25 27 25 19% Feb. 27 28% Feb. 16 18% Feb. 26% Feb. 43 Sale Sale 1 Sale Sale Feb. 3 24 9 63 Sale 1 Sale 18 7 Sale *29% Sale 9 10% *19% Sale 27% Sale 28 28 28 28 2!* Feb. Feb. ilHFeb. 11 127 9% 35% 50 Sale 1 Feb. Feb. 65 Sale Feb. 57% Feb. 123 Feb. Feb. 3% Feb. 24 101 1% Feb. 18 3% Feb. 20 1?* Feb. 15% 72% 29% 7% 27 14 177 Sale Feb. Sale 6 Sale Feb. 1 43% Feb. 13% Feb. 20 Feb. 14 Feb. 17 Feb. 21 Feb. 20 % 5% 8% 176 Sale Sale 62% 72 66% Sale 101% 66 Sale 115 Sale Feb. Sale 22 21% 40% Sale 38% Sale Sale 12% Sale 10% 16% Sale 16% Sale 113% 118% 113% 117% 114 55% 62% 55% Sale 59% Sale 18 15% 15% Sale Sale 3 2% 3% Sale 33% 38% Sale 33% Sale 4% 5% Sale 4% Sale Sale 7 7 6% 7% Sale 173 7% 31% 23% 5% 10% 60% Sale 4 48 5 Sale Sale 6% 10% Sale 111 Sale 5% 30% 89 % Sale Feb. 7 1 10 Sale Sale 25% 37 Feb. 37 Sale Sale 3% 87% 25 Sale Sale Sale Feb. 3% Feb. 5% 15% 2l¥- 13% 37 11 Sale Sale 10 26% 18% 21% 30% 33 Sale Sale Sale 3% 24% 10 Feb. 10 1 Feb. Feb. 21 Feb. 28 Feb. 23 6 Feb. 1 Feb. 4% 19% 2% 3% Sale 1 10 Feb. Feb. % 27% 26% 50% 47% 29% 70% 37 Sale Feb. Feb. 1 Sale Feb. 23% 16% 17% 25% 11 Sale Sale Sale Highest Sale Prices Feb. 5% Sale *29% Sale 8% Sale 8% 19 19% Sale 19% 58% 58% 4% 22 Sale Lowest Sale Prices Feb. Sale 17% Highest Sale Prices 21 Sale Sale 28 Sale 7 27 Sale 12% 6% 29 28% Sale^ Sale Sale Sale 28% Sale 21 50% Sale Sale *72 *100% Sale 1% Sale 3% Sale 9% Sale 19 19% 23% Sale Sale 23 85 5 3% Sale 21 Sale * -50 Sale 19% 45% 10% Sale U S Hoffman Mach 47 Sale Secur Corp—* * 20 --100 Sale 39% Sale 19 Sale U S Gypsum Co 2% 7% Sale Sale 4 44 vtc 1 100 37 3% Sale 10 - 2% Sale 21 47 18% * United Aircraft Corp 27 41 Sale 3 Sale 100 4% preferred.. 40. Sale 33 % 38 25 Union Tank Car see patre 26% Sale 18% Sale 21% Sale 90 * 12,600 U S Industrial Alcohol -—* 8,700 U S Leather Class A. * 14,200 300 Prior preferred 100 31.500 U S Pipe & Foundry---.—20 28,900 U S Realty & Impt.. * 426.000 US Rubber 10 For footnotes Sale Sale 100 Union Pacific 56.600 Sale Sale 18% 65% 11% * Car. Union Oil, California Union Carbide & conv 23 * Sale -* Union Bag & Paper. 5)4% Sale —* Ulen & Co Underwood Elliott Fisher.. Ask Sale 10% Twin Coach Co 8.100 US Freight 24,700 300 12,200 8,600 145,200 26,300 4,300 1.600 $3 div Third Avenue 300 US DistribCorp 980 Preferred 4,600 100 1 Thermoid Co ....- 90 2,200 3.000 -100 7% preferred.. 16,500 United Electric Coal Cos 3,800 United Eng & Foundry 42,800 United Fruit 175,800 United Gas Impt Co 1,500 Preferred 22.400 United Merch & Mfrs Inc 7,600 United Paperboard Co 1,100 "5",300 Texas Gulf Sulphur Texas Pacific Coal & 8.600 United Carbon.i— 210 3,600 9.900 5 ---5 25 Lowest Sale Prices Feb. 28 Ask Bid 21% ■ 400 Standard Investing Corp—* 99,100 Stand Oil of Calif-. * 100,100 Standard Oil Co of Ind 25 400 Standard Oil of Kansas....10 129,300 Standard Oil ofNJ 25 4,200 Starrett Co (The L S) 13,900 Sterling Products Inc 10 54,400 Stewart Warner Corp 5 18,800 Stokely Bros & Co Inc 1 249,200 Stone & Webster.— * 115,600 Studebaker Corp 1 7,400 Sun Oil * 1,090 6% preferred -.100 57,900 Sunshine Mining Co 10 12,100 Superheater Co (The) * 47,000 Superior Oil --1 8.200 Superior Steel 100 1 24 % * * --* * Bid 22 m ..... -.1 * Ask Bid 1st preferred ...100 Sparks Withington * Spear & Co —1 Spencer Kellogg & Sons....* Sperry Corp (The) v t c. 1 S picer Mfg Co * $3 conv preferred A * Spiegel Co Inc 2 Conv $4.50 pref —* Square D Co class B 1 174,700 4,170 11.300 163,300 Standard Brands 6,600 $4.50 preferred 13,700 tStand Com'l Tobacco 31,500 Standard Gas & Elec_. 64,400 $4 preferred 4,200 $6 prior preferred.. 35,600 $7 prior preferred 48,800 24,700 25,900 4,200 3,200 1 1939 EXCHANGE 17,100 83,800 69,100 32,200 5,400 SINCE JAN. Jan. 3 Jan. 1 N. Y. STOCK RANGE PRICES IN FEBRUARY Price stocks 39 exchange-stocks Feb. 4 7 7% Jan. 4 Jan. 18 Jan. 5 32 24% 5% 10% 61% 47% 5% 52% 105% 65% 66% Jan. Jan. Feb. Jan. Jan. Jan. Feb. 28 5 Jan. Jan. 9 40 N. Y. STOCK EXCHANGE-STOCKS AGGREGATE SALES Price STOCKS Shares Feb. Par Shares 257,000 8,700 5,400 700 1,900 1,800 4,700 200 900 500 310 980 2.300 40 17,300 3.300 40 2,200 —* 741,400 United States Steel 23,400 7% preferred 100 14,100 U S Tobacco * 1,240 7% preferred ,..25 8,800 United Stockyards Corp 1 Conv pref (70c) 3,700 --* 12,800 United Stores A 1,700 $6 conv preferred ---* 1,500 Universal-Cyclops Steel,,—1 2.500 Universal Leaf Tobacco,----* 500 -—100 Preferred 1,350 Universal Pict 1st pref----100 7,700 Vadsco Sales Corp * 100 Preferred 100 67.100 Vanadium Corp of America,* 6,900 Van Raalte Co 5 210 7% 1st preferred 100 4,900 Vick Chemical Co .--5 100 5 * Vicks Shreve & Pac Ry Co, lO",500 21", 900 2,800 2,200 23,000 13,000 30 ""130 1,800 1,500 3,300 3,100 7,500 8,400 1,600 65,700 15,200 2.100 1,100 47,200 640 18,500 100 100 100 A Preferred B Waldorf System— Walgreen Co 4)4% pref with warr —* * 100 900 "5.366 Convertible preferred $1 1st preferred Warren Fdry & Pipe * 1 —* 4,000 Webster Eisenlohr 1,760 Wells Fargo & Co 680 750 950 230 620 27,200 1,800 500 1,600 2,100 21,700 29,200 31,100 120 3,100 18,700 Wesson Oil & Snowdrift----* 1,500 14 conv preferred ---* 1,170 West Penn El Co A-----* 1,480 7% preferred -,---100 1.940 6% preferred ---100 840 West Penn Pow pref 7%—100 990 6% preferred 100 42,100 Western Auto Supply Co,,10 7,600 Western Maryland 1,100 2d preferred 4,800 Western Pacific 8,200 6% preferred 2,200 900 m - 10 . •» — — — - 5)4% conv pref 33,100 Wheeling Steel Corp 100 - 14,000 74.600 25,900 9,500 1.800 * 30 Preferred 100 * 1,300 $5 conv prior preferred600 White Dental Mfg Co (S S) -20 44,600 6,700 White Motor Co White Rock Min Spgs Co. 5,000 White Sewing Mach 3,500 Convertible preferred _- 28,100 Wilcox Oil & Gas__ 186.100 Willys-Overland Motors 51,200 6% conv pref—,. 33,400 Wilson & Co 5,600 $6 cum preferred 1 * 5 1 10 * 1,200 3,400 100 60 Wisconsin El Pow 6% pf-100 19,700 Woodward Iron Co 10 107,000 Woolworth (F W) 10 18,600 Worthington P & M 100 30 7% preferred A 100 30 6% preferred B 100 1.300 Prior pref 4)4% series--100 Prior pref 4 J4 % conv ser 100 2,200 1,670 Wright Aeronautical Corp, 4,200 Wrighley (Wm) Jr -f. 7,800 Yale & Towne Mfg Co 25 86.700 314,800 Yel Truck & Coach class B.l 650 1,710 7% preferred 100 13,100 Young Spring & Wire. --—* 240,600 Youngstown Sht & Tube—* 5 J4% preferred 1,300 100 26,600 Youngstown Steel Door * - — 6,800 49,500 4,600 20 900 800 680 5,100 81.600 100 9,300 12,000 9.200 34,400 Zenith Radio Corp 17.400 Zonite Products Corp ♦No par value, b Change of name 6324 Sale llV& Sale Sale 5734 Feb. 10 a-115 3424 4324 334 734 Feb. Feb. 6424 Feb. 2 11724 Feb. 1 3524 Feb. 28 28 21 5324 Jan. 11324 Jan. 33 34 Jan. 83 157 jf 45 Sale Sale Sale 53 12 324 724 234 53 24 3 24 8 Sale 54 45 U24 Sale 1034 Feb. 24 76 Sale 76 16034 162 Sale 77 Sale Feb. 28 157 Jan. Sale Feb. 25 50 Jan. 14 Sale Sale 68 H Sale Sale 19 Sale 28 K Sale 33H 3424 11424 112 40 Sale 78 7224 4 2824 115 80 Sale "2524 Sale Sale Sale Sale 27 334 2724 Sale Sale 119 69 8J4 124 122 Sale Sale 11924 Sale Sale 2 Sale 624 1824 85 10 2 Feb. 1 Feb. 24 Feb. 9 55 Feb. 24 50 11* 78 Feb. 28 1024 Feb. 24 7524 Jan. 28 Feb. 28 Sale Sale 24J4 Feb. 3 3 34 Feb. 21 2524 Feb. 15 115 Feo. 124 Feb. 1 8 7 Feb. 15 11524 123 71 7434 Sale Sale 2 Sale 1724 Sale 90 89 Sale Sale Sale Sale Sale 38 Sale 4124 Sale 7 49 Sale Sale 1924 69 Feb. 1 20 1 Feb. 14 234 Feb. 24 26 27 - — i 28 25 3 5 5 30 Jan. Feb. Feb. 24 3624 Jan. 24 24 4124 Feb. 24 2534 Feb. 18 2124 Jan. 324 Jan. 2424 Jan. 26 26 26 18 4 4 4 Feb. 25 2724 Feb. 28 Feb. 18 224 Feb. 724 Feb. 18 14 72 Feb. 3 4 Feb. 28 2024 Feb. 14 7 Feb. 20 2 234 Feb. 4124 Feb. 28 534 Feb. 25 Sale 36 224 10 Sale Sale 5 il* 3 124 2424 8024 17 x§ 6 11424 Feb. 114 Jan. 124 Feb. 624 Jan. Jan. 6724 Jan. 2534 Feb. 434 Jan. 3134 Jan. 11 117 Feb. 1 224 Jan. 18 3 8 Janl 9 11 120 Jan. 72 Jan. 11 21 4 24 24 Feb. 3 20 3 10 Feb. 3 28 Feb. 28 2124 Feb. 18 Feb. 2 324 Feb. Feb. 28 9124 90 Sale 124 Sale 75 Sale 103 Sale Sale 93 Sale Sale Sale AA Sale Sale Sale 11924 Sale 140 Sale Sale 136 Sale 19 38 20 60 90 Sale 90 fj* 8* Sale 6i Sale Sale Sale Sale Sale 1734 2254 Sale 2824 Sale 112 2i Sale 140 1824 3724 1924 3024 224 Feb. 18 148 Sale Sale Sale Sale Feb. Feb. Feb. 30 25 4 1 Feb. 21 7 Feb. Feb. 20 Feb. 16 20 24 Feb. 21 20 1 Feb. Feb. 27 Feb. 16 Feb. 24 10 9 Feb. 28 Feb. 28 Feb. 28 4 Feb. 124 Feb. 10 2934 3 54 65* 54 23 2524 Feb. 23 2924 105 Feb. 1 11324 #13524 Feb.10 136 17 Feb. 10 1824 37 24 Feb. 2 38 1824 Feb. 16 1924 3024 Feb. 8 3124 Feb. 28 60 7224 110 a* 30 154 Jan. 324 Jan. 19 2 85 Jan. 654 Jan. 4224 Jan. 1954 Feb. 12 Jan. 224 Jan. 3424 Jan. Sale Jan. 4 28 it* Jan. Jan. Jan. 10 2524 Jan. 1824 Jan. 2724 Jan. 26 27 25 3054 Jan. 2454 Jan. 3254 Jan. 5 5 4 254 Jan. 28 Jan. 7 3 334 Jan. 154 Feb. 20 3 2834 Jan. Feb. 20 36 Feb. 3 20 224 Feb. 10 Feb. Jan. Jan. 1224 Sale Sale 124 Sale Feb. Jan. 89 #120 24 Jan. 11424 Jan. 2224 Jan. 3 Jan. Feb. 16 2024 Jan. 2324 Jan. 26 2 6 98 Jan. 130 Jan. 26 140 Jan. Feb. 6 16 Jan. 26 Jan. Feb. 24 Feb. 2 Feb. 6 Feb. 24 3724 Jan. 23 38 4 1824 Feo. 16 2234 Jan. 8 #32 34 Jan. 13 3024 Feb. 12 60 Jan. 20 75 Feb. 26 3154 Jan. Jan. 27 80 5434 1124 1034 534 124 Feb. Feb. Feb. Feb. Feb. 4 17 20 14 20 5724 1124 1124 624 154 Feb. 27 Feb. 10 Feb. 25 Feo. 28 1 Feb. 60 Jan. 4 12 Jan. 23 1354 Jan. 4 1624 Feb. 2 19 Feb. 28 4 5424 Feb. 5 1054 Jan. 954 Jan. 26 534 Feb. 14 124 Jan. 13 1524 Jan. 27 Feb. Feb. Feb. Feb. 18 80 234 Feb. 15 234 Feb. 21 Feb. 14 44 Sale 2024 Feb. 11 5021 Sale Sale Sale 47 Feb. 21 2254 Sale Sale Sale 18 Feb. 15 63 Sale 35 Sale 3224 Feb. 21 54 47 Sale 42 Sale Sale Sale Jan. Sale Sale Sale Sale 82 Sale Sale Sale * 3034 2024 Sale Sale Sale Sale 1 324 Sale Sale 8024 85 a Deferred delivery, r Cash)'sales, x Ex-dividend. V Ex-rights. from United American Bosch, g Change of name from Peerless Corp. 324 15 Jan. 4 154 Jan. 1954 Jan. 3 354 Jan. 334 Feb. 634 Feb. 12 3 2 8 424 Jan. 13 1 4 Jan. 12 Jan. 4124 Jan. 26 4934 Jan. 5 19 10834 Jan. 2554 Jan. 12 Feb. 1 2424 Feo. 4934 Feb. 2024 Feb. 28 47 234 Feb. Jan. 12 20 4 27 8 70 "75" 63 65 324 324 624 424 107 Sale Jan. Feb. Sale 112 2054 Jan. Sale" Sale 26 120 2224 *<an. Sale Sale 3 2434 Jan. 3154 Jan. 60 Sale 106 4 4 75 "25"" Sale Jan. 20 2424 Sale 26 Jan. 10 3 28 4 H Jan. 154 Jan. 4 107 108 26 524 Jan. 26 24 Feb. 20 1 Feb. 28 2 Sale 4 12354 24 11634 Jan. Feb. 26 Feb. 7 Sale Jan.. 4 79 3 9234 Jan. 18 31 10534 Jan. 18 Jan. 17 3 97 2724 Feb. Feb. AV* Sale 89 10234 Jan. Feb. 95 60 1 2454 Feb. 28 7124 Jan. 26 75 5 Sale 234 4154 634 4224 28 4 4 3 24 5 10 424 Feb. Sale 2054 Jan. 14 24 Jan. 20 Sale 32 23 23 Feb. 924 Jan. 5054 Jan. Feb. Sale 7824 20 8924 Feb. Sale Sale 26 3 16 3 27 5 3 3 3 24 d7/8 Sale 7724 3 28 754 Feb. 18M Jan. 3 75 Sale 68 25 26 Jan. Feb. Feb. 50 2734 7924 5734 1124 1124 624 14 Jan. Jan. Jan. Jan. 1 7 Feb. 7 12354 eFb. 1 11634 Feb. 3 Sale 534 Feb. 334 Feb. 1 1 Feb. 124 24 24 Feb. 28 2624 73 Feb. 21 7424 89 Feb. 92 3 8 104 10234 Feb. 91 Feb. 3 9524 12224 12324 12224 116 Sale 11524 2924 Sale 2424 3 354 Sale 654 Sale 524 24 Sale 24 1 124 Sale Sale 42 Feb. 224 124 624 1624 6 73 Sale 2 Feb. Sale 1 Sale Feb. Feb. 324 24 Sale 15 27 14 2 Sale 49 Feb. 8 14 12 724 Feb. 16 2 Feb. 90 Sale 92 Sale 1 Feb. 20 75 14 224 Feb. 3524 Feb. 324 2034, Sale 3124 Sale 4 Feb. 2 42 14 Sale 38 124 Feb. 234 Feb. 13 2824 Feb. 20 24 104)4 1924 5424 Feb. Feb. 24 Jan. 1924 Jan. 3024 Jan. 35 Feb. 78 2" 113 224 Sale Sale Sale 30 120 1224 Jan. 8324 Jan. 17 Sale 2 2124 2934 50 19 24 24 8924 Feb. 734 Feb. Sale 5924 3724 12 Feb. Feb. 7 Sale 224 434 424 4534 23 Jan. Feb. 87 634 Feb. 23 1 4524 Feb. 1924 Feb. 20 3224 3 Feb. 18 9 Feb. 25 1924 16 17 22 2 26 24 7324 2924 7924 5924 24 Jan. 2 7 20 224 Jan. 55 3 162 27 28 624 Feb. 1724 Feb. Sale 1924 3724 23 Feb. 14 28 91 1 Jan. Feb. Feb. 2 Sale 12224 11524 2624 324 724 Feb. 1% Jan. 25 120 30 24 7854 10324 8834 Feb. 7 24 4124 524 14 324 28 24 leb. 43 54 Feb. 3 24 Jan. Feb. 3 117 234 6 124 Sale 3924 3 24 7 53 2 234 134 724 Sale Sale 624 7 11924 124 324 3524 4 Feb. 4 20 3 80 11624 115 Sale Feb. Feb. Jan. 26 70 27 11824 Jan. 24 3524 Jan. 16 4524 Jan. 354 Jan. 3 824 Jan. 20 4524 324 724 224 H* Sale 224 Sale 724 -10 Feb. 16 Feb. 1 Feb. 20 16024 Feb. 2 162 5934 Feb. 2 78 Sale 34 Sale 34 Feb. 27 27 17 Feb. 23 2934 1834 Sale 26 y% Sale 2424 Feb. 10 Sale 3354 3424 3124 Feb. 7 Feb. 6 1142a 11424 113 11424 113 41 40 39 Feb. 4 4124 80 "25 y8 * * Highest Sale Prices Sale 31 20 Wheeling & Lake Erie Ry, 100 100 10 Lowest Sale Prices Sale Sale 5,300 Westvaco Chlorine Prod — 3,600 5% preferred Highest Sale Prices Sale 2424 Class A Lowest Sale 100 100 Ask Sale 3X 7H 100 53,800 Western Union Teleg * 67,100 Westinghouse Air Btake__ 85,500 Westinghouse El & Mfg--- 50 50 460 7% 1st preferred — _* 8,800 Weston El Instrument 300 900 Sale Sale Sale 1,000 14,600 2,300 1,400 Sale Sale 124 - 11,200 100 -100 5824 Ask Bid Sale 250 1 Sale Prices Feb. 28 1 Sale 6S 130 •» -* --1 Bid 46 44 824 1,300 600 Sale 69 118& 3524 5024 2024 1424 224 8,600 Waukesha Motor Co--,--—5 9,400 Wayne Pump Co ----1 7,300 Ask * 3,700 1,700 470 Bid & W Ltd * * 1,900 Ward Baking Co class A * 5.200 Class B_ ------* 1,700 7% preferred 100 152,900 Warner Bros Pictures 5 1,140 $3.85 conv preferred. --* 38,000 tWarren Bros —* Walworth Co Walker (H) Gooder 4.100 Preferred 700 "l", 700 6% preferred 6,100 JWabash 5,800 Preferred 190 900 Va Caro Chemical — 10 21,900 5,400 1,700 1,300 Victor Chemical Works 100 980 Virginia Elec & Pow 6% pf * 600 Virginia Iron, Coal & CokelOO 150 5% preferred —100 100 Virginia Ry Co pref 100 210 Vulcan Detlnnlng -----100 7% preferred,----100 610 250 RANGE SINCE JAN. 1939 Jan. 1 February PRICES IN FEBRUARY Jan. 3 N. Y. STOCK EXCHANGE Since In Jan. 11 8 8 5 4 58 10624 7724 2654 1734 10624 1624 4324 80 Feb. Feb. 16 15 1 114 Feb. 6 Feb. 7924 3 Feb. 3024 Feb. 20 1924 Feb. 24 Feb. 25 Feb. Feb. Feb. 24 18 28 4 11424 Feb. 17 Feb. Feb. 15 1824 Feb. 28 Feb. 10 5024 Feo. 28 Feb. 9 11 2554 Feb. 1624 Feb. 21 3 60 3424 Feb. 25 4624 Feb. 28 Feb. 14 80 28 Feb. Feb. 9 28 1924 Feb. 28 4 324 Feb. 26 26 5054 Jan. 23 34 Jan. 4 60 4 28 1924 Jan. 4624 Jan. 1654 Jan. Jan. 31 65 Jan. 24 Feb. \ 5 16 65 Jan. 18 3224 Feb. 21 38 Jan. 4 Feb. 15 53 Jan. 10154 7754 2624 1624 Jan. Jan. Jan. Jan. 26 120 Jan. 3 13 Feb. 24 105 Jan. 58 42 1554 Jan. 28 Jan. 4 26 2154 Jan. 5 17 5 30 11434 Feb. 26 2134 Jan. 26 39 Jan. Feb. 9 2324 Jan. 26 Jan. 26 27 16 3 Jan. 5 7>^ 33 80 I Companies reported in receivership. r 26 5534 Jan. 85 Jan. 3134 Jan. 2234. Jan. 354 Jan. ^ Called for redemption. New York Curb Exchange MONTHLY AND YEARLY RECORD RANGE Shares. 1938 2,718,510 6,893,289 Jan. 1 to Feb. 28_ February. 1938 1939 Bond Sales 1939 2,974,615 7,331,860 Stock Sales February- NEW YORK CURB EXCHANGE ON PRICES OF $23,133,000 $15,522,000 87,542,000 _ Jan. 1 to Feb. 28 50,143,000 NOTICE—Deferred delivery, under the rule and cash sales, are disregarded in the month's range, unless they are the only transactions of the and when selling outside of the regular monthly range are shown in a footnote in the month in which they occur. No account is taken of such computing the range for the year Jan. 3 CURB EXCHANGE Shares 125 STOCKS Par 350 Acme Wire Co 100 v t 2b c 200 Aero Supply Mfg class A 7,100 20,400 Class B 1.550 Agfa Ansco Corp com 800 1,500 4,400 3,400 * * ..... ....1 7,400 Ainsworth Mfg Corp com 5 5,300 Air Associates Inc common._1 7.100 Air Investors Inc common..* 100 200 Convertible 400 800 Bid Ask 75 * 300 Ala Gt Sou RK ordinary...50 2,810 Ala Power Co |7 pre* • *b preferred. 1,570 ..* 600 Alles & Fisher Inc common.* 1 1,950 1,270 ... 6 30# 400 11 """loo """ioo conv preferred... Allied Products 250 Corp 28 23 28 26 27# 20 21 20 23 32# 8 Sale 11 Sale 2# Sale 4# Sale 28# 30# 5# Sale 25 27 6# 9# 2# 7# 9# 2# 20 23 16 61# # 63# 1# 1# 2# 1# 7# 18# 9 19# S3 Sale 9 Class A 25 14,850 Aluminum Co common... * 5,500 6% preferred... ...100 3,300 Aluminum Goods Mfg ...* 100 18 12,800 Aluminium Ltd... 1,300 90 American Book Co. 30 100 1,200 100 7,000 13 preferred.. Sale 92 Sale 65 Sale 84# 1# 1# Sale 2# 1# 2.100 2.675 170 128 Sale 15,400 7 18 116 9 19 Sale Sale 113 Sale 700 «S* 9 2# 9,000 4,300 42,000 900 12,800 2,000 900 1,500 100 200 9.000 3,500 21,900 5,900 18.400 American Maracalbo 22 400 # 25 67* 74 Sale 92 Feb. 27 1 86 Feb. 6 Jan. 27 18# Feb. 4# Jan. 24 Jan. 25 6# Jan. 7# Feb. Feb. 8 # Jan. 61# Jan. Jan. 9 66 i Jan. 12 ^ Feb. 24 9 92 Feb. 12 86 23 Jan. 23 # Jan. 24 23 7 5 Jan. 11 Jan. 2 3 2# Jan. 18 62# Jan. 1# Jan. 71 5 21 3 3 31 7# Jan. # Feb. 2 27# Jan. 20# Jan. 6 Jan. 30# Jan. 8# Jan. 11 1# Feb. 20 16 1 27 Feb. 6 1# Jan. 1# Jan. # Jan. 23 24 7# Jan. 18# Jan. 23 12 9 88. 10 Sale Sale Sale 5 Appalachian Elec Power— 920 $7 preferred... ........* 12,000 t A returns Radio Tubo.....l * 9.300 Arkansas Nat Gas com 28# 16 50 # # 13 85 55 Sale 29# # 61 Sale 9 56 18 3# Sale 1# Sale 2# Shle 12# Sale 109 Sale # Sale Sale Sale 6 5 5# Sale 763 24# Sale 3# 1# Sale Sale Sale . Sale 6# 7 4# 4# 118 Jan. Jan. 26 Jan. 4 108 3 Jan. 26 18 Jan. 24 Feb. 28 5 1# Jan. 56# Feb. 27 7# Jan. 26 Jan. 17 6 2# Feb. Feb. 2 14 8# Feb. 18 Feb. 8 6 23 70 6 Feb. Feb. 7 1# Feb. 7# 5# Jan. Jan. 5 6 Feb. 6 Feb. # Jan. 7 Jan. 9 8 # Feb. 24 23 67 Feb. 6 Feb. 6 Feb. 4 Feb. 7 Jan. 18, Jan. 12 Jan. 11 33# Feb. 27 2 6 33 Feb. 6 2# Feb. 24# Feb. 20 25# Feb. 25 7 1# Feb. 11 Feb. 3 26 Jan. 11 33 Feb. Jan. Feb. Jan. Jan. Jan. Jan. Feb. Jan. 13 27 Jan. 19 Feb. 20 31 2# 24# 28# 1# 24 11 1 27 10 17 16 1 39# Feb. 28 7 114# Feb. 27 1 4# Feb. 16 5 4 Feb. 7 Feb. 39# Feb. 3 28 Jan. 3 7 116 26 Jan. 4# Jan. 19 27# Feb. 28 12 30 Feb. 21 9# Feb. 28 8# Jan. 26 10# Jan. 18 29# 17# 17# 28# Feb. 18 7 Feb. 6 Feb. Feb. 23 26# Jan. 16# Jan. 15# Jan. 17 26 29# Feb. 17# Jan. 18 6 27 24 11 18 29 Jan. Jan. 14 Feb. 13 11 15 Jan. 9 17 7 27# Feb. 28 9 30 Feb. 21 8 24 27 27 6 Jan. Jan. 1 17 1 # 24# 22# # 10# 31# 112# 4# # Feb. 28 29 Feb. 3 9 Jan. Feb. Jan. 66 # Jan. 24# Jan. 5 3 66 27 29 Jan. Jan. 4 5 62 9 # Feb. 28 Sale Sale 27 5# Feb. 4 13 12 1 Feb. 6 7 62 Feb. 27 55 Feb. 7 1 9 Feb. 16 5# Feb. 4 Feb. 6 7# 4# # 67 16# 3# 1# 2# 12# Jan. Jan. Jan. 24 14 108# # 2# 2# 5# Jan. Jan. Jan. Jan. Jan. 27 Jan. 26 10 Jan. Feb. 3 8 Feb. 1 3# Feb. 14 1 # Feb. 15 1 76# Feb. 27 27 Feb. 6 1 9 3# Feb. 1# Feb. 25 8 3# Feb. 13# Feb. 27 Feb. 3 Sale Sale Sale Sale Feb. Jan. 25 Feb. Feb. 5# Feb. 55 % Feb. 2# Feb. 2# Feb. 2 110# Feb. 1 # Feb. 2 3 6# Feb. 1 Feb. Feb. 3 4# Feb. 6 86 Sale 10 1 13# Feb. 27 .* 5 1,300 Art Metal Worka common 15,900 Ashland Oil 8c Refining Co.l 24 . R4 15# Feb. 27 3# Feb. 18 1 % Feb. 25# Feb. 109# Feb. #6 2# 2# 6# 3 113 25 27 18 109# Sale % Sale Jan. Feb. •1 Sale i 2# 2# 6# 26 131 33# Feb. 27 Sale J* 13# 24 Jan. Jan. Jan. Jan 2 1 # Feb. 74# Feb. 25 3# Sale 1# 1# Sale 3 Sale Sale 73# Jan. 1 # Sale 12# Sale 28# 58' 63 8# Sale 60# Sale 8 19 Sale # 27 18 107# 110# 14# 3# 6 65 55 64 27^ 29 68 5# Assoc Breweries of Canada. 15 ' Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. a:28# Feb. 16 1 17 17# 16# Feb. 1 17 Sale 15# Feb. 2 28 Feb. 26# 29 13 Feb. 11 13# Sale % Sale 5# % Sale 67 70 ..10 Preferred 10 27 18# • 100 Arkansas P 8c L $7 pref 28# 25# 28 16# Sale 15# Sale 27# 29 Sale 2# 2# Clasa A 11# Sale 6 4 1# Feb. 20 Sale Sale Feb. Feb. 30# Sale 29# 2 1# 24# Sale 22# # 1# 10# 10# Sale 35# 115 112# Sale 4# Sale 25# 31 27# Sale 9# Sale Sale 4# 58 6 9 10 Feb. 28 14 127# Feb. 6 110 Feb. 25 Feb. 4 15# Feb. 27 3# Feb. 18 1 Feb. Sale Sale 116 Feb. 67 Sale 5 preferred.... 14# Feb. 6 3# Feb. 18 23 30# Feb. Feb. Feb. Feb. # Feb. 24 Sale Sale Sale .* * 2,800 Anchor Pom Fence com 2,300 Angostura Wupperman I 3,800 Apex Elec Mfg Co common..* 4 18 Feb. 23 117 Feb. 1 113 18 113 112 8 31 Sale 8,300 Amer Seal~&ap Corp com....2 77,700 American Supernower 1st preferred $6 series....* 3,000 Preferred $6 series. * 28,000 45,900 10,500 1 66# Feb. 24 6 1# Feb. 56# Feb. 27 8 7# Feb. 2# Sale 56 Amer Thread 8 17 Feb. 20 59 29# 28 Co 15# 7# 8 2# 3# # # 21# 23 62# 67 1# Sale 1# Amer Potash 8c Chem Corp.. * 19.400 Amer Republics Corp com 10 3,500 2 56 28# 1 """600 10 9,300 4 * com... Amer Pneumatic Service ""560 1# 61 Sale # 26 15 2,800 American Meter Feb. Feb. Feb. 75 65 109# Feb. ■ 9,000 16 16 119 Sale Sale Sale 600 275 „ 10 Feb. ~ Feb. L. Feb. 28 Feb. 2 2# Feb. 2 Feb. Sale 6% preferred ..........25 800 Amer Mfg Co common ISO Preferred 10 100 200 1,800 Feb. 1 110 Sale 17 17 28,600 Feb. 18# 5# 28# 7# 9# Feb. 109 20 Amer Laund Mach com....30 Amer Light & Irac com....25 300 13.100 15# 14# 14# Sale 475 Amer Invest of 111 425 Feb. 20 Feb. 8 # 125 20# 2 1 125 $2.50 preferred... ......1 500 Amer Hard Rubber Co com.50 ' 6 27 2# 1# 9 18 Sale 6# 17# 115# 112 cl A.. 10 123,500 American Gas k Kleccom...* S6 preferred*....... * 3,225 6,100 American General Corp... 10c 1,450 $2 preferred..............1 50 Feb. 6# Feb. 15 7# Feb. 16 139# Sale 27 Class B com 27 108 27 Common class B n v 45,200 10 1,700 Amer Dc Foreign Power warr. 2,200 Amer Fork Ac Hoe Co com...* 400 700 110# Sale 14# 15 25 Conv class A 170 Amer Cyanamld 25# Feb. 15 18# Feb. 10 4# Feb. 28 # Feb. Class A with warrants...25 4,075 5,900 7.375 Highest Sale Prices #> 68# 75 10c • $5.50 prior preferred ._.* 38,200 American Centrifugal Corp.] Amer Cities Power St Lt Corp 2,850 200 Common class B 350 200 600 ...100 2.300 Amer Box Board Co com 1 100 Amer Capital Corp cl A.. 10c 100 100 55,800 1,525 2,500 • 1.000 b% preferred —...1M 26,900 American Airlines Inc....10 12,700 Amer Beverage Corp 1 1,200 Lowest Sale Prices 18 300 Aluminum Industries com..* 4,350 Highest Sale Prices • 10 com.. 3,750 1,800 2,300 200 12.200 Lowest 2 1# 16# # 66# # Sale 61# 63# . 500 Alliance Investment com...* 500 Allied Internet Investing...* Ask 24 Sale 26# 22 Warrants. preferred Aks Bid Bid Sale Prices Feb. 28 Feb. 1 1939 Jan. 1 Shares 1 Price NEW YORK Since February RANGE SINCE JAN. PRICES IN FEBRUARY AGGREGATE SALES In month, sales in . 7 8 2# Feb. 3# Feb. 7# Feb. 86 Feb. 20 17 1 6 11 3 7# Feb. 27 5# Feb. 17 86 Jan. Jan. Jan. Jan. Jan. Jan. ' 30 7 16 3 76# Feb. 27 Feb. 6 3# Jan. 1# Jan. 16 3 27 3# Feb. 8 Jan. 20 19 110# Feb. Feb. 3 20 3 6 14 *8 88 17 5 16 Feb. 11 Jan. 13 27 6# Jan. 4 4# Jan. 27 7# Feb. 5# Feb. 17 * Associated Elec Industries— 900 600 16,700 2,700 10,200 American deposit recta.. £ I 1,200 5,200 Assoc Gag & Elec com ......1 Class A 1 52,900 $5 preferred..............* 11,900 Warrants 18,600 ............... 8# 9# % Sale Sale Sale At Sale # Sale 800 Assoc Laundries of Amer...* V t o i32 63 * 220 4,400 3,100 30,900 3,800 10,700 Atlas Corp warrants 11,900 Atlas Plywood Corp........* 1 44,300 Austin Silver Mines 9,100 Automatic Products Corp .5 70 3# 63 3# 70 3# 520 Atlantic Coast Line Co....50 Far footnotes see page 53. Sale 8# Feb . # Feb. 6 21 # Feb. 16 6# Feb. 16 »«4 Feb. 9# % % 7# Feb. 23 3 Feb. 3 Feb. 6 Feb. >m Feb. 3 Jan. 27 9# Feb. 14 13 14 % Jan. 1# Jan. !»< Jan. 25 19 96# Jan. 2# Jan. 23 23 8 2 23 3 3 #. Jan. # Jan. 5 3 3 98 Feb. 3# Jan. 31# Jan. 6 4 Jan. 18 9 Jan. * Atlantic Coast Fisheries..-. * 4,900 10 # # % Sale 6# 7# & Coast 100 40 Atlanta Gas Light 6% pref 100 20 1,800 Sale 9# * c common. Assoc Tel & Tel class A Atlanta Blrailnghaat RR Co pref 9# % Sale # Jan. # Jan. 5# Jan. # Jan. 8# 1# 8# 63 3# 70 Sale '# Sale" 24 Sale Sale 2# Sale ""# 20# 21# # Sale 2# Sale 98 3 Feb. 3 Feb. 20 24# Feb. 9 Feb. 3 3# Feb. 2 98 21# Sale # Sale 2# Sale 9 2 26# Feb. 25 % Feb. 25 24# Feb. # Feb. ... 20# Feb. 14 1 22# Feb. 25 20 3 2# Feb. 27 # Jan. Jan. # Jan. 1 # Jan. 3 26 5 28 # Feb. 2# Feb. % Feb. 1 1 3 25# Jan. 12 # Jan. 9 2# Feb. 27 NEW 42 YORK PRICES IN FEBRUARY AGGREGATESALES February 1939 STOCKS (Continued) 1,100 300 Par Auto Voting Machine com..4* Avery (B F) Sons Co 5 6% preferred w w 25 6% preferred xw— 25 3,900 1,600 25 50 25 300 25 900 26,200 520 10,900 24,600 1,000 15,600 1,400 1,100 12,600 3,850 57,000 Corp.l Aviation & Transport Bid 7% 4% 13 % 8X 5X 19% 19 13% 1% 3% Sale Ax ton Fisher Tob class A—10 * Babcock Ac Wilcox Co Ask Ask Bid 8 8X Bid 8 Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale 7% Feb. 7 8% Feb. 25 4% 17% Feb. 7 4% Feb. 4 4 Jan. 15 16% Feb. 8 16% Feb, 8 16 Jan. 8% Jan. 13 4% Jan. 10 8 16% Feb. 12 16 15 Feb. 8 15 Feb. 8 15 Feb. 15 1% Jan. 2% Jan. 4 Jan. 4 14 45 Jan. 20 4 1V' 16 2 12 Lowest Sale Prices Feb. 28 Feb. 1 Ask 4 28 X Sale 8 Feb. 22 Sale 46% Feb. 1 40 26% Sale 27% Sale 25% Feb. 15 29% Feb. 6 24% Jan. 24 29% Jan. 5 20 Sale Sale 20 Feb. 21 22% Feb. 6 19 Jan. 28 22% Jan. 5 7% Feb. 27 6 Jan. 26 9 Sale 7 6% Jan. % Jan. 25 11 Iff Sale 1: 3% 44 26 1% Sale Sale 1: 3% Sale 1% Feb. 17 3% Feb. 1 40 Feb. 25 7% Jan. 44 Purchase warrants 113,100 2,430 1 Jan. 3 Jan. 1 Shares Shares RANGE SINCE JAN. Price NEW YORK CURB EXCHANGE Since In EXCHANGE CURB 1% Feb. 17 3% Feb. 16 1% Jan. Feb. Baldwin Locomotive— 700 4,100 3,400 24,300 preferred-—-----—30 7% Purch for com... warr 1 Baldwin Rubber Co com Bardstown Distillery Inc...1 Barium Stainless Steel 1 1,400 4,500 1,300 Barlow & Seelig Mfg class A.5 2,400 Basic Dolomite Inc common.l 19,100 Bath Iron Works Corp 1 16 100 Baumann (L) & Co com.—.* 180 7% 1st preferred—-----100 400 120 7% 1st pref v t c 100 500 Beaunit Mills Inc common.10 600 $1.50 conv pref 20 56,200 23,600 85,500 17,200 87,200 Beech Aircraft Corp corn57,500 Bell Aircraft Corp common.. 1 85,500 Rights 47,000 Bellanca Aircraft common.. 1 120 300 Bell Telep Co of Canada..100 150 BellTelep of Pa 6%% pf-100 20 100 """766 1,000 575 650 4,700 Benson Ac Hedges com Convertible 1,350 Blckford's U§5 Blauner'» 1,400 900 1,100 100 100 800 ...* com... common 1 Sale ~6% ~~6% 8% Sale 2 Sale 7 7% .. %X 1% Sale 6% Feb. 21 Feb. Feb. 1 8 x6~ Sale 6% Sale Sale 21 Feb. 7% Feb. % Feb. 25 4 Feb. 2 1 21 8 1% Feb. 17 1 6 6% Jan. 2 Jan. 42 Feb. 10 42 Jan. 40 Feb. 23 39 Jan. 4% Jan. 7% Feb. 18 5% 13 15- 7% 36 % Sale Sale 4% 11% 7 X 5% 14X Sale 4% 5% Sale 11 10% Sale Sale 10 120 122 14 % 17% X 12X Sale 14% 9% Sale Sale rl% 29% Sale 29 Sale 9% Sale 120 121X 121% 121% 17 X Sale 21% Sale 29 Sale % Sale % X 12% 13X %» Sale % Sale 15 11 Sale 163* Sale 19 6.% 4% Feb. 11% Feb. Feb. 10 6 11% Feb. 28 14 18 28 Feb. 33% Feb. 3 11 Feb. 5% 26% 1% 8% 10 164 Jan. 9 Jan. Jan. 30 16 27 Jan. 10 20 22% Feb. 28 35 Feb. 18 1 % Feb. 8 % Feb. 15 Feb. 25 13 Jan. Feb. 39 Feb. 24 16 39 Feb. 24 14% Sale 12% Feb. 23 7% Feb. 20 4 Jan. Jan. Jan. 3 3 Jan. 3 Feb. 23 23 Jan. 13 II!H If* 31 24 15 Feb. 6 Feb. Jan. 11% 36% 2% 10% 15 6 16 % Feb. %6 Jan. 13% Feb. 6 12 \Jan. 13 Jan. 24 Jan. 24 Feb. 14 Jan. 27 120 1 17% Feb. 28% Feb. % Feb. 6% Feb. 23 Sale 7 1% Feb. 14 2% Feb. 18 8% Feb. 20 10% Feb. 24 8 173% Feb. 27 168% Feb. Sale 7 14 6% Feb. 39 7% 14 4% Feb. 4 31 Jan. 40 5 26 25 4 Feb. 2 50 19 23 Feb. Jan. 1% 9% 6% 8% 24 Feb. 10 Feb. 23 42 40 4 Feb. 21 Jan. 25 Jan. 30 9% Feb. 20 5% Feb. 14 6% Feb. 15 Sale 50 7% Sale 7X 7% X IX 1% Sale 7% 8 5% 6 6% Feb. 23 Feb. 28 3 18 16 Feb. 27 Jan. Feb. Jan. Jan. 21 Feb. 28 Feb. 18 5 % Jan. Jan. 3 15* Feb. 25 39 8 Feb. 24 Jan. 5 ........ 29",406 Bliss (E W) Ac Co common.. 1 1,000 Bliss Ac Laughlln Inc com...5 400 4,800 Inc 25 $2.50 Conv pref 2,600 Birdsboro Steel Fdy Ac Mach * 1,300 Sale 7% preferred 8,000 Berkey & Gay Furn Co——1 5,300 Purchase warrants...... 1,900 ~3", 900 * 8% 7% X 1% 10,300 Blue Ridge Corp com.......! 2,500 $3 opt conv pref.. —* 2,300 Blumenthal (S) Ac Co com • 1,200 Bohack (H C) Co common— 270 7% 1st preferred-.—-100 400 Borne Scrymser Co -.25 1,800 Bourjois Inc... IX 87 X 7% 2X 39 X 22 8% Sale 23% 10 Sale 3% 14% Sale 18% Feb. IX 35% 7% 2% 21X 10% 3% 4 Sale 37 8X 4 Sale 11% 3% 1% Sale 1% Feb. 38% 39% £36% Feb. 7% 8% 6% Feb. 2% Feb. 3% 4% 22% 24% 21% Feb. 10% 11 10% Feb. 3% 4% 3% Feb. 14% Feb. Feb. 6 17 4 20 1 8 1% Feb. 38% Feb. 20 9 7% Feb. 3 3 6 4 1 24 15 2 Feb. Feb. 10% Feb. 17 21 15 Feb. 23 4 12% Jan. 26 Jan. 26 17 17% Jan. 20% Jan. 1% Jan. 20 Jan. Jan. Feb. 11 5 17 Jan. Jan. 6 27 1% Jan. 13 Jan. 24 39 3 6% Feb. 3 2% Jan. 20% Jan. 28 9 36 4 24 Jan. 3 11 3% Jan. 14 4 Feb. 23 3 Jan. 10 Bowman Blltmore Hotels— 23,700 19,400 14,300 Common * 3,200 7% 1st pref............100 11,300 2d preferred _* 9,600 Brazilian Tr Lt Ac Pr ord—* 39,100 Breeze Corp... —.1 82,500 Brewster Aeronautical 1 1,800 100 Bridgeport Gas Light Co...* 6,400 Bridgeport Machine com * 1,100 750 1,700 3,000 .......... 20 "166 200 300 2,700 1,700 200 400 100 Preferred Bright Star Elec class B—* Brill * Corp class A— * Class B 1,350 7% preferred.....—100 1,100 Brlllo Mfg Co common....—* 500 20 1X Sale 2% Sale 3% 8% Sale Sale 8 Sale "4% "4% 8% Sale Sale 8 12 X Sale 11% Sale 31X 7% 71X X 4X IX 28X 35X Sale 31% X Sale Sale 32 11% 11 33% Sale 6 72% 75 2 2% Sale 5% Sale 9 Sale 10% Sale 10% Sale 22 % Sale 20 3 IX 25% 9% 75% 3% 1% 29% 10% 30 5% 74 3.2% Sale 80% % 3% 1% y* 3% 1% 30 26% 10% Sale Feb. 20 4 Feb. 2 21 4% Feb. 8% Feb. 8 4 3 Feb. 1 10% Feb. 2 5% Feb. 15 2% 23% 5% 9% 11% 11% 8 Feb. Feb. 11 Feb. 28 Feb. 14 Feb. 23 1 Feb. 3 Jan. 27 3 3% 7% 7% 9% 32 Feb. 6 1 % Feb. 9 3% Feb. 9 1% Feb. 25 Feb. 20 9% Feb. 20 9 % Feb. 7 3% Feb. 1 % Feb. 9 27% Feb. 17 10% Feb. 28 Jan. 13 Jan. 24 24% 5% 9% 11% 12% 17 32 Jan. Jan. Jan. 5% Jan. 74 9 Jan. 26 26 26 % Jan. 12 9 3% Feb. 1% Jan. 31 17 Jan. 4 Jan. 18 Jan. 12 Feb. 23 Jan. 3 Jan. 17 7% Jan. 75 3 Jan. 10 % Jan. 4% Jan. 1% Jan. 12 5 5 5 Jan. Jan. 27 30 9% Jan. 20 11% Jan. Jan. 12 30 21% Jan. 22% Jan. ——* Class A 1% Jan. 18 24 20 22 Jan. 24 22% Jan. 20 Jan. 30 24 25 30 5 12 Jan. British-American Oil Co.— 500 Coupon stock (bearer)....* ————* 100 Registered 21 21% 21% 21% 21% 21% 21% 23 23X 22% Sale 22% 23% 21 22% 22% 22% 22% 22% 22% British Amer Tobacco, Ltd— 1,700 3,100 Amer dep rets ord bear. £1 Amer dep rets ord reg...£l Sale 24 22% Feb. 6 Feb. 24 28 21 Feb. 28 25% 24 British Celaneae Ltd— 100 50 400 800 100 Am dep rets ord reg.-.lOs 50 British Col Pow class A * 1,250 tBrown Co 6% pref 2,900 Brown Fence Ac Wire 300 100| 600 4",500 100 300 3,800 1,000 2,000 100 1 com Class A preferred... ... % 18 7% Sale Brown Rubber Co. com. 1 1,400 Bruce (E L) Co 5 1,600 Buckeye Pipe Lino. 50 11,000 Buff Niag Ac East Pow pref.25 2,370 $5 1st preferred % 16% 6% % 18 Sale • 2% 2% Sale 6 15X 27% 20% 106% 8,200 Bunker Hill Ac Sullivan..2.50 15 400 Burma Corp. Amer dep ret®. 700 Burry Biscuit Corp 12 He 2 15 X Sale Sale Sale Sale X 4% Sale 15% Sale 28% 29% 21% 22 13% 1% Sale" 2% 6% 2% 30 29 22% Sale 106% Sale Sale 13 1% 2% —* %» %A Am dep rects 5%% pref.fl 200 Calamba Sugar Estate Co.20 3,800 16% 17% 16 18 3% 16% 33 34 30 32 33 6,600 Cable Elec Prod Cables Ac 200 v t c Sale % Feb. 16 23% Feb. 10 Feb. 15 14 % Feb. 16 23% Feb. 10 17% Feb. 20 % Feb. 16 23% Feb. 10 Jan. 5 7% Jan. 3 23 % Jan. 5 % Feb. 23% Feb. 15 20 Jan. 6% Feb. 10 7 Feb. 4 21 Feb. 28 21 Feb. 28 21 2 Feb. 3 2% Feb. 17 2 Jan. 1 Feb. 5% Feb. 1 Feb. 15% Feb. 6 Feb. 29% Feb. Feb. 11 22% Feb. Feb. 25 106% Feb. Feb. 10 13% Feb. 9 4 Jan. 6 Jan. 13 Jan. 17 30% 22% 107 15% 2% 2% Jan. 4 Jan. 13 Jan. Jan. 17 10 Jan. Jan. 26 Jan. 7 4% 15% 28% 21% 105% 12% 1 10 6 6 1 2% 2% 6% Feb. Feb. 27% 20% 105% 11% 25 Jan. Jan. Jan. Jan. Jan. Jan. % Sale % Feb, 1 % Feb. 28 % Jan. 2% Feb. 17 3 3 % Feb. 28 17 Wireless- 200 100 % 2% 5% Sale 15% 14% 2% 2% Sale Sale 2X 3 2 1% Sale 17 21 * 1,100 Brown Forman Distillery—1 $6 preferred -* 13",000 1% 21 3% Sale 4% 18% 3% Feb 16% Feb. 3% Feb. 16% Feb. . 3 H Feb. 17% Jan. 3% Feb. 16% Feb. Camden Fire Ins Assn "225 """475 2,700 2,900 Canadian Car Ac Fdy B "5",900 13",200 150 oref—25 Can Indus Alcohol cl A-.-. non-voting .......* Canadian Marconi Co.— 1 2% 2% 1 550 Capital City Products——* 10,100 Carlb Syndicate com 25c 6,800 Carman Ac Co conv A stk. 600 100 500 Class * 2,100 930 300 340 14,600 $6 preferred >_———* 45,500 Carrier Corp common 1 1,000 Carter (J W) Co common 1 2,200 Casco Products -———_-* 300 800 50 Castle (A M) Ac Co..——10 " 4',206 16,000 Catalln Corp of Amer—.-1 Celanese Corp of Amir— 1,700 7% 1st partlc pref— .100 200 Celluloid Corp com..—.15 660 1st preferred........ —* 300 $7 div preferred —* 3,600 Cent Hudson G Ac E com * 775 200 60 200 % Sale IBM 30 24 24X 4% * B 1,000 Carnation Co common * 3,900 Carnegie Metals Co com 1 1,220 Carolina P Ac L $7 pref—...* 3% 3% IX X 88 Sale 89% 82 Sale 20% Sale 6 6% 14 21 4% 15 23X Sale 90% Sale 3% 4% 2% 6% X 20 3% 25% % 82 75 2% Sale 2 2% 1% Sale 6% % 1 24 4% 29 Sale 85% 79 17% Sale 5% 6 12% Sale 18 21% 3% Sale 3% 48 Sale 2% 2% 1% 4% Sale Sale 19 4% 27 94 84% Sale 85% 17% Sale 5% 6% 12% Sale 20 9 Feb. 25 1 Feb. 2 5% Feb. % Feb. 23 3% 3% Feb. 27 6 25% Feb. % Feb. 20 14 14 14% Feb. 15 '30 Jan. 26 2% Feb. 6 2 Feb. 25 1 27 23 3 % Feb. 6% Feb. 6 % Jan. 3 Feb. 28 5% Feb. % Feb. 3% Feb. 27 1 85 Feb. 3 26% Feb. 23 1 % Feb. 94% Feb. 28 79 Feb. 4 86 16% Feb. 23 5% Feb. 23 12% Feb. 4 89% Sale 3% 4% 84 57 48 13% 1 3% Feb. 25 Sale Feb. 9 4% Feb. 16 Feb. 1 Feb. 13% Feb. 3 19 13 X 3 33 Feb. 27 17% Feb. 6 6 Feb. 13 Feb. 6 17 22 ... 2,200 Feb. 2 Jan. 2% Jan. 10 33 17 1% Jan. 4 Jan. Jan. 17 8 1 4 24 3% 26% 32 14% 7 4% Feb. 14 89% Feb. 23 4% Feb. 16 57 Feb. 28 23% Feb. 16 14 Feb. 18 3% Feb, 27 24% Jan. 4 % Feb. 20 85 Feb. 3 78 Jan. 16 16% Jan. 5% Feb. 11% Jan. 23% Jan. .3% Jan. 84 Feb. 27 23 27 5 26 9 4% Feb. 16 4% Jan. 12 Jan. 14 %Jan. 18 27 94% Feb. 28 86 Feb. 27 21% Jan. 4 Jan. Jan. 4 23% Jan. 4% Jan. 5 3 6 15 4 90% Jan. 3 4% Feb. 16 Feb. Feb. 1 57 Feb. 28 3 13% Jan. 5 23% Feb 14% Jan. 16 20 48 19 . Cent Maine Pow 7% pref..100 ' "'570 "l",340 Cent N Y Pow 5% pref 100 5,200 Cent Ohio Steel Prod 1 475 Cent Pow Ac Lt 7% pref...100 3,300 150 90" Sale 91% 8% 93 IX % 9% 4% 4% 1% Sale 10% Sale Sale 90% 8% 88% Sale Sale 90 95 Sale 9% Sale 93 94 90% Feb. 8% Feb. 90 Feb. 1 1 14 95% Feb. 27 9% Feb. " 92 Feb. Jan. 3 7% Jan. 26 95% Feb. 27 9% Feb. 1 Jan. 26 94 1% Jan. %9 Jan. 24 90 85 Jan. 6 1% Jan. 20 Cent Ac Southwest Utll— 5,400 8,100 1,275 1,275 300 525 2,700 11,000 Common.. 50c 17,600 Central States Elec com—.1 2,175 7% preferred 100 3,775 4% preferred...........100 925 Conv preferred... .100 975 Conv pref opt ser 1929—100 4,400 Centrifugal Pipe Corp 4% Sale 4% Sale 1% 1% %• 9% 10% 3% Sale 4 5% 4% Sale 4 Sale n 1% Sale % Sale 11% Sale 4% 4% 5% 4% 4 4X 4 Sale 1% Feb. 23 Feb. 2 10% Feb. 3% Feb. 3 Feb. Feb. 9 11 3% Feb. 15 5 4 7 1% Feb. %8 Feb. 13 6 6 Feb. 6 4% 5% 4% 4% Feb. Feb. Feb. Feb. 6 9 * 7 Feb. 10 3% 4% 3% 3% 25 %, Jan. 5 Jan. 4 Feb. 6 Jan. Jan. Jan. Jan. 26 4% Jan. 20 3 5% Feb. 9 4% Jan. 4% Jan. 19 3 26 6 13 Chamberlln Metal Weather 900 Strip Co 5 300 Charts Corp com ..—10 200 Cherry-Burrell Corp com...5 2,900 100 150 For footnotes see page 53. 6 "X 5X Sale 6X 6%. 5% 15 7% 6 Sale 6% Sale 5% 6 5% Feb. 24 5% Feb. 21 15 Feb. "" 5% Feb. 21 15 Feb. - 5% Feb. 24 5% Jan. 23 15 Jan. 24 7% Jan. 4 5% Feb. 21 15 Jan. 24 NEW March, 1939] CURB IORK Shares i." Ask Bid 128 300 925 2,175 Child* Co praforrad.. 100 79,100 Cities Service common Prafarrod... 12,700 Preferred B 1,600 10 7 54 • 50 34 44,300 4,500 900 90 1,475 2,800 """150 , 11,500 Sale Sale 51*' 53« 56 734 4434 334 Ma Sale * 45 50 40 54 60 H 61 7034 Sale 55 6 34 45 16 734 Feb. 1 4434 Feb. 1 Sale 7034 7234 74 75 600 Clinchfleld Coal 100 com "6",200 15,900 Club Aluminum Utensil """ioo *1*466 • com 1,900 & Rosenberger com..* 16,200 Colon Development Co Ltd.. 200 6% convertible preferred £1 9,400 Colorado Fuel & Iron warr_. 9,300 Colt's Patent Fire Arms Mfg25 200 2,600 2,800 6 18 37 34 534 Sale 134 2 234 Sale 36 3534 534 3634 3634 534 134 334 Sale 3 Sale Sale 734 234 434 Sale 2 Feb. 27 434 Feb. 23 36 2,575 5% Conv preferred 101,100 Columbia Oil 8c Gas com 100 25 75 Columbia Pictures Corp 734 234 Feb. 2 734 Feb. 4)4 834 1 3 Sale 734 Sale Sale 87 5534 334 Sale Sale Feb. Feb. Feb. Feb. Feb. 1 434 7 34 7 92 234 434 634 8634 65 4J4 a 234 Sale 88 Sale * 58,200 9 Feb. 28 Jan. 4 Jan. 58 Jan. 3 3 24 4 Jan. 30 Feb. 28 34 Jan. 27 56 634 Jan. 26 4434 Jan. 28 2 3 34 Feb. 934 Feb. 5034 Feb. 434 Feb. 4434 Feb. Feb. 39 27 134 Feb. 28 234 Feb. 20 5334 Jan. 12 Jan. 11 534 Jan. 28 434 Jan. 11 16 Jan. 19 34 Feb. 25 234 Jan. 12 11 1 3434 Jan. 11 434 Feb. 23 81 Feb. 84 Feb. 634 Feb. Feb. 20 3834 Feb. 534 Feb. 55 16 4 25 15 Jan. 3 "734 Feb".""! 734 Jan. 3 334 Feb. 7 1 234 434 734 9l Feb. 1 Feb. 25 Feb. 28 Feb. 16 2 71 Feb. 16 14 7 234 Feb. 434 Feb. 16 634 Jan. 24 84 Jan. 13 1 434 Sale 334 Sale 334 Feb. 28 1234 Feb. 25 7 434 Feb. 6 1234 Feb. 25 5534 Jan. 334 Jan. 11 Jan. Commonwealth 8c Sou Corp— 300 Jan. 79 8 25 Feb. Columbia Gas 8c Elec Corp— 1,300 20,300 23,800 27 130 Jan. 62 Jan. Sale 3)4 Sale 37 534 2 Sale Fee. 34 Feb. 25 234 Feb. 20 12134 Jan. 6 934 Feb. 5034 Jan. 3 Jan. 7 46 Jan. 7 81 1 Feb. 4 84 Feb. 7 Jan. 4 434 Jan. 11 6 Feb. 4 134 Jan. 334 Jan. 10 20 3834 634 134 334 6 Feb. 11 Jan. 5 Jan. 12 Feb. 15 * Cockshutt Plow Co Ltd Cohn 1 534 Feb. Sale 134 Sale 1 5,100 Cleveland Rlec Ilium com...* 3,600 Cleveland Tractor com.....* Feb. 70 400 Clayton & Lambert Mfg Co.* 2,700 1,000 2 334 Feb. 39 Feb. 27 1 7034 Feb. 634 5% 1 Claude Neon Lights com 100 52 Highest Sale Prices Ma Feb. 4 Feb. Sale 39 534 Sale Sale Me Feb. 834 Sale Sale 70 Preferred BB 07 preferred Lowest Sale Prices Highest 4734 Sale 334 4 Sale Sale 4 Cities Sarv Pr Ac Lt $0 pref—* 250 Clark Controller Co 2,300 Sale 4 * 3,200 City Auto Stamping Co • 200 City & Suburban Homes...10 900 8 Sale 7 * 200 700 1,825 7% % 58 734 7 Lowest Sale Prices Sale Prices Feb. 8 12634 Feb. 23 12634 122 Feb. 28 Sale 6434 Feb. 3 79 7 Feb. 7 734 634 Feb. 24 Ask 78 300 1 Ask Bid 123 126 Bid 122 133 5,250 Chicago Flexible Shaft Co..5 1,300 Chicago Rivet & Machine.....4 700 Chief Conaol Mining Co Feb. 28 Feb. 1 1939 Par STOCKS (Continued) 900 Chesebrough Mfg 300 2,950 1 Jan. 3 Jan. 1 Shares SINCE JAN. Price new york exchange curb Since February RANGE PRICES IN FEBRUARY AGGREGATE SALES In 43 EXCHANGE 700 Community Public Service— Common 25 8,625 1 3,000 Community Water Serv ......... 5 24 Jan. 4 3 6 434 Feb. 25 Jan. 4 9434 Jan. 5 9 Feb. 7 434 Jan. 21 14 Jan. 23 71 382 Feb. 34 34 3434 Sale 134 Sale 31 Sale 34 2834 34 1534 34 34 ht Jan. 20 1 Feb. 24 3434 Feb. 28 26^4 34 »82 Jan. 3 12 3434 Feb. 28 34 Jan. 2934 Jan. 18 6 2634 Jan. 34 Jan. 27 15 Jan. 7 Jan. 11 37 Sale 28 Sale 1534 3ra 34 Sale 34 % Warrants 1,400 Commonwealths Dlstrlbut..l 1,275 Community P & L $6 1st pf. 2,700 1,400 3 734 Jan. Jan. Jan. 30 37 634 Feb. Jan. 24 834 Jan. Jan. 26 Feb. Jan. 14 79 Feb. 18 11734 Feb. 134 Feb. Jan. 7 30 24 1 5j2Feb. Feb. 3s Feb. 8 Feb. 6 Sale 34 2634 Feb. 34 Feb. 1 21 2834 Feb. 34 Feb. Sale 153$ Feb. 3 1 6 24 11 21 2834 Feb. 18 34 Jan. 20 Compo Shoe Machinery— 1,600 3,200 V t c ext to 1,200 23,200 4,200 1 1946 Conn Gas & Coke 25 S3 preferred 1 2,500 Consolidated Biscuit Co 74,100 Consol Copper Mines... 5 8,800 Con Gas E L 8c P Bait com..* 200 5% preferred A 100 1 7,500 Consol Gas Util com... 5 1,300 Consol Min 8c Smelt Ltd 160 4,100 400 400 4,100 20 30 300 Cons Retail Stores Inc com.l 8% preferred 550 750 Cont'I G 8c E 7% pr pref 534 834 54 5934 "*9",700 200 100 Cont Roll & Steel Fdy com..* 800 Cook Paint & Varnish Co 40 $4 preferred * 7,700 Cooper Bessemer Corp IOC 700 500 300 300 400 500 200 Sale 6 % 5434 * 10 Feb. 7 Sale Sale Sale 434 134 534 8534 Sale Sale Sale 134 534 8534 5 20 Feb. 1 11634 Feb. 34 Feb. 5334 Feb. o 134 Sale 84 % 34 734 ,34; Sale 8 934 834 934 834 10 1 *Aa 934 9 134 Sale 8734 ,34 _ Sale 10 634 Feb. 24 734 Feb. 6 Feb. 28 18 11734 Feb. 14 3 136 Feb. 6 15 56 Feb. 28 434 Feb. 20 Feb. 8 134 Feb. 434 Feb. 8534 Feb. 1 92 134 634 8134 1 534 Feb. 634 Feb. 72 734 Feb. 834 Feb. 24 1 6 20 79 534 Feb. 1 Feb. 8 92 1 134 Feb. 1 534 Feb. 8734 Feb. 15 934 Feb. 9 Feb. 28 7 8 734 834 Sale 634 Feb. 534 534 25 26 434 0 534 *434 "*5~ Sale 26 27 434 Feb. 23 2 234 234 70 75 234 77 75 Sale 1 134 1 634 634 534 634 Feb. 1 1434 Feb. 28 2 Feb. 6 74 Feb. 3 34 Feb. 43i Feb. 2 7634 34 534 234 82 Sale 5 34 834 Feb. 7 Feb. Feb. 27 17 5 25 26 'l4~H Sale" 20 Feb. 17 2934 Feb. 14 1434 Feb. 25 7 234 Feb. 7 1 Feb. 27 Feb. Feb. 78 27 Feb. 6 req Feb. 6 9 Cramp (VVm) & Sons Ship & 200 10,200 .... 200 700 Crowley Mllner 8c Co 1,700 1,300 5,000 100 Engine Bldg Corp..., 32,300 Creole Petroleum com 5 11,600 Crocker Wheeler R!ec Mfg..* 7,600 Croft (The) Brewing C0....I 1,800 1,700 • com 2,700 Crown Cent Petrol (Md) 2,400 Crown Cork Internet cl 5 A. *' 100 50 600 900 9,300 Crown Drug 1,200 Cuban Tobacco com 3,250 Cuneo Press com 210 '""166 """loo 2,460 400 2,400 300 10,200 2,900 170 1,300 6 H% preferred Curtis Lighting Inc Curtis Mfg Co 1 * 400 ....35 Class A I 19,000 Decca Records common 3,600 Dejays Stores Inc common__l Derby Oil 8c Ref com 234 234 934 134 17 34 Sale 734 > 4 234 Sale Sale Sale Detroit preferred........ Steel 60 De Vllblss Co 2034 734 4734 Sale Sale Sale 4 2 34 Sale 934 Sale 234 134 134 7 50 Sale 4 434 49 3 34 49 Sale 4 34 4934 Products.. 11634 36 5334 Feb. 15 434 Feb. 20 92 Jan. 31 136 Jan. 11 434 Jan. 24 Jan. 7 Jan. 834 Jan. 5234 Jan. 24 84 7 6 11 Jan. 60 4 28 14 6 4 3 Jan. 31 154 Feb. 1 634 Jan. 4 8734 Feb. 15 Jan. 6 92 9J4 Jan. 4 Jan. 20 10 10 5534 Jan. 654 Feb. 20 9 Jan. 4 26 18 Jan. 11 30 9 534 Jan. 2934 Feb. 14 1434 Feb. 25 1534 Jan, 434 Jan. 9 2434 Jan. 1434 Feb. 28 4 2 Jan. 3 74 Feb. 25 36 Feb. 434 Feb. 27 J* 78 Feb. Feb. 134 Jan. 634 Jan. 7 7 5 10 Feb. Feb. 25 10 9 Feb. Feb. 16 Feb. 28 Feb. 1 134 Feb. 17 Feb. 1 8 2234 Feb. 14 734 Feb. % Feb. 3 3 Feb. Feb. 2 9 14 17 934 Feb. 28 134 Feb. 1734 Feb. 6 1 Feb. 28 8 Feb. 28 334 Feb. 4734 Feb. 10 4 Feb. 1 4934 Feb. 6 10934 Feb. 16 7 Feb. 1 10 734 Feb. 24 734 15 734 1434 Sale 27 Sale 16 25 7 534 434 634 1434 1434 2334 5 34 434 7 1534 Sale 25 Sale 434 634 1634 16 M 24 Sale 6 Sale Sale Sale 2 134 2534 534 24 Sale 634 1734 Sale ""7 34 Feb". 17 6 634 Feb. 27 634 Feb. 1434 1434 2434 534 434 2034 134 9 Feb. 1 Feb. Feb. 25 Feb. 24 8 Feb. 6 Feb. 6 Feb. 16 Feb. 18 17 Feb. Feb. 25 25 2 7 634 Feb. 6 h Feb. 23 2434 Feb. 20 Feb. 28 734 Feb. 17 2 Feb. 9 5 34 Jan. 2034 Feb. 25 27 634 Jan. 3 Me Jan. 254 Feb. 16 234 Feb. 28 3 934 Jan. 34 Jan. 2334 Jan. 5 3 A& J &n • 7 3 134 Feb. 1734 Feb. 36 Jan. 6 Feb. 134 Jan. 14 Jan. 34 Jan. 9 6 25 6 3 3 Jan. 21 Feb. 17 934 Feb. 28 7 7 Feb. 28 434 334 Feb. 10 4634 Jan. 26 51 108 Jan. 17 10934 Feb. 28 Jan. 10 Feb. 10 17 634 Feb. 6 734 Feb. Feb. Jan. Jan. Feb. Jan. Feb. Feb. Jan. 24 734 Jan. 731 1334 134 134 Jan. Jan. Jan. 23 6 4 Jan. 734 1434 12J4 2434 534 434 2034 134 27 6 1 13 4 Feb. 18 1734 Jan. 2634 Jan. 20 16 27 8 7 Jan. 12 3 634 Feb. 23 6 26 Jan. 20 2 Jan. 11 3 25 * * 734 1434 134 834 1534 „ 134 Sale 2 234 30 Sale Sale 6 734 1334 134 134 J7/* 1434 Sale 2 JX 26 27 1534 134 16 ' 234 7 13 34 734 1434 134 Sale Sale 325 Diamond Shoe Corp com * Distilled Liquors Corp.....5 134 3 734 Feb. 17 28 134 13a 134 253-6 2634 1 Feb. Feb. 23 Feb. 20 Feb. 20 8 Feb. 16 134 134 1J4 24 10 common 2034 634 % 254 234 934 109 • 1,900 10 134 Sale of* 250 Dennison Mfg 7% pref....100 2,300 500 275 7 5 Mo) 300 900 2134 ..100 com * 600 Detroit Gasket & Mfg Co 1 500 6% preferred w w ....20 6,700 Detroit Gray Iron Fdry com 1 2,500 Detroit Mich Stove Co.. 1 900 Detroit Paper Product? 1 3*166 Sale4 Sale Sale 3 334 234 Sale 934 Sale 334 v t c._ 3,100 Darby Petrol Corp 5 1,500 Davenoort Hosiery • 7,500 Dayton Rubber Mfg........* A conv 200 25c common 2334 734 34 375 Preferred __25 900 Crystal Oil Ref Corp com * 200 6% preferred .....10 40 534 634 71 16 21 for ord stk Am dep rets 34 56 534 New 100 6 Sale Sale 79 17 Courtaulds Ltd 100 34 53 834 Sale com. 1,500 ( orroon 8c Reynolds.... ...1 1,000 16 Conv pref A 1 10,800 Cosden Petroleum com.. 2,000 5% preferred ...50 4,800 Sale 59J4 534 7% Sale 72 $3 prior preferred 1,800 Copper Range Co 1,500 Copperweld Steel com.. 300 16 * ... 2,800 534 Sale 734 Sale 634 a Sale Sale 72 Continental Oil of Mexico..! "4",200 15 ......100 2,000 Consol Royalty Oil.. 10 7,800 Consol Steel Corp common..* 1,600 1534 1434 Security..* * Feb. 3 2134 Feb. 434 Feb. 21 734 Feb. 27 134 Feb. 16 134 Feb. 27 136 Feb. 25 6 Feb. 23 134 Jan. 27 26 24 Jan. Jan. 20 14 Jan. 9 Feb. 6 24 2634 Feb. 17 Feb. 8 18 26 24 834 1434 134 234 234. 3134 2634 17 4 Jan. Jan. 11 Jan. 20 4 Jan. 3 Jan. 5 Jan. 8 Feb. Feb. 18 2 34 134 Distillers Co Ltd— 100 2,400 600 "*500 ""266 200 '3*666 125 300 5,000 200 7,800 2,500 3,625 1,250 125 1,300 100 Am dep rets ord reg...._£l 11,800 Dlvco-Twln Truck Co com._l 1 1,700 Dobeckmun Co common 25 Dominion Bridge Co.. * 2,000 Dominion Steel 8c Coal B..25 10 Dominion Textile Co com * 480 Draper Corp * 500 Driver Harris Co 7% preferred "5*866 Dubilier Cond common. .... Corp com 300 Ouke Power Co .10 2034 334 8 2134 4 934 2134 434 834 Sale 934 2234 Sale 8 934 Sale 1034 1 1034 Feb. 27 6334 "65" 7234 "7334 '65* "Feb". "2 73 """Feb". *27 1 21 1634 18 17 Sale 17 Sale 134 6434 134 67 134 6534 134 434 Sale 67 134 Sale 634 1934 100 134 65 68 234 2 634 25,700 Eagle Plcher Lead Co 10 5.300 Eastern Gas 8c Fuel Assoc..* 9,825 6% preferred 100 4,350 4)4% prior preferred 100 1434 134 Sale Sale 1134 12 Sale 1034 Sale Sale Sale 1134 2434 Sale 22 Sale 1 Sale Sale 5 7 634 134 634 6 1133 134 Sale a 134 1134 Sale 2034 21 450 Eastern Malleable Iron Co.25 1 75 550 17 preferred series A__ • 1734 250 S75 $6 preferred series B * 17 19 4 5 Jan. Jan. 14 9)4 Jan. 734 Feb. Jan. 17 Jan. 27 30 934 Feb. 1634 Feb. 20 134 Feb. 7 9 Jan. 12)4 Jan. 4 Jan. Jan. 60 Jan. 19 73 Feb. 27 64 Feb. 28 1534 Jan. 27 2034 Jan. 7 134 Feb. 11 134 Jan. 12 134 Feb. 67)4 Jan. 11 .100 * 53. 2134 Feb. 21 2134 Feb. 60 1234 134 see page 2134 Feb. 21 434 Feb. 1 834 Feb. 9 " "6734 5 1.900 Eastern States Corp com 10 12 1 500 Duval Texas Sulphur 434 734 65 • 1,500 Durham Hosiery cl B com 16,200 Duro-Test Corp common 22 30 134 20 For footnotes 21 * Sale 34 1634 1634 Sale 1634 , 16 34 1 1 18 Sale 66 Feb. 6 134 Feb. 23 434 Fee. 16 6 Fee. 24 1034 Feb. 23 134 Feb. 20 934 Feb. 21 Feb. 21 734 Feb. 34 Feb. 27 20 16 2 67 Feb. 6 134 Feb. 534 Feb. 634 Feb. 14 6 6 12 Feb. 6 134 Feb. 1234 Feb. 2334 Feb. 2 6 6 Feb. 18 8 134 Feb. 21 Feb. 1 18 1534 Feb. 1 1634 Feb. 28 Feb. 25 Jan. 24 134 Feb. 434 Jan. 23 2 23 534 Jan. 7 6 Feb. 24 7 4 10 64 Jan. 26 134 Feb. 934 Jan. 20 Feb. 21 734 Feb. 34-Feb. 1534 Jan. 27 20 15 Jan. 13 2 26 26 1434 134 1234 25)4 Jan. Jan. 18 6 Jan. Jan. Jan. Jan. Jan. 1)4 Feb. 21 1934 Jan. 19 1934 Jan. 20 10 NEW 41 YORK PRICES IN FEBRUARY AGGREGATE SALES YORK NEW Sinee In OURB Par 2,200 Edison Bros Stores 14,600 Eisler Klecrr'c com 647,300 Electric Bond & Share 22,200 Bid 1634 ' Bid ig* 16 17 Feb. 28 34 Ask Bid Ask 3 Sale 18 Sale 3 17 IK Sale AM Sale 6434 Sale Sale 55 60 * 1 234 234 930 Electric Pow & Lt 2d pf A * 6,900 Option warrants. 10,900 Electric Shareholdings com. 1 1,200 16 Conv pref with wary * 26 434 2% Sale Sale Sale 534 Sale 3 Feb. Feb. 1 1034 Sale 66 1 Sale 7034 6134 Sale 234 Sale 3 2 34 Sale 3 26 >4 6234 334 334 Sale 434 Sale -4 r Sale A Sale 2J Sale 72 Sale 5734 234 234 2534 434 2 77 16 15 Jan. 17 334 Jan. 1634 Feb. 6 16 Feb. 28 1634 Jan. 23 18 Feb. 28 Feb. 28 1 $ 234 Jan. 1 25 Jan. 17 Jan. Jan. Jan. 26 26 27 Feb. 6 Jan. 12 334 Jan. 20 Jan. 10 3 Jan. 20 Feb. 6 Feb. 6 Feb. 6 334 Feb. 18 3 Feb. 16 Feb. Feb. 6 24 Jan. 26 6 4 Jan. 23 Feb. 6 134 Jan. 67K Jan. 12 24 llH Feb. Feb. Feb. Feb. Feb. 2834 434 234 8034 Feb. 72 Feb. Feb. 17 10 Feb. 14 Sale 134 Feb. 21 21 Feb. 27 8034 Sale Prices 18 Sale 78 Highest Sale Prices 1634 Feb. 2 75 Lowest Sale Prices 3 Feb. 4 4 6434 Feb. Sale 6734 Highest 1634 Feb. 134 Feb. 1034' Feb. Sale UK • Lowest Sale Prices 16 Sale 5 4,600 Electric Power Associates—-1 8,200 Class A 1 300 Feb. 1 Ask 3A Sale ....2 |6 preferred $5 preferred 8.300 5,100 1,700 7,700 875 STOCKS {Continued) 4,700 Easy Washing Mach class B. • 1,100 Economy Grpc Stores com..* 900 6e0 1,700 4,400 232,300 11.700 4,100 2,400 SINCE oAtf. 1 Jan. 3 1939 Shares Shares RANGE Price EXCHANGE Jan. 1 February EXCHANGE CURB Feb. 24 Feb. 1034 Feb. 27 934 6034 5334 2A 234 134 Feb. 28 20 Feb. 6 12 34 Jan. 72 34 65 2934 Jan. 20 5 A Jan. 5 234 Feb. 6 8034 Feb. 24 Electric Shovel Coal Co— 450 500 2,100 100 300 800 900 $4 360 60 350 800 330 22.300 100 100 6,200 15,400 100 100 Sale 61 63 20 h Empire Pow Corp part atk—" 3,600 Emsco Derrick & Equip Co.5 10,900 "4",500 64 61 100 preferred.. Equity Corp common.. $3 preferred- con" 22 h 10 H "8K Sale" 50 18 20 1 10 K 7 34 21 I 3,400 Fanny Farmer Candy com..J 2,200 Cgnsteel Metallurgical Corp 4 K 6A 1,900 Fedders Mfg Co common 5 Fed Compress & W'house—25 "8",200 Ferro Enamel Corp 1 com 13,400 Fldelio Brewery 6,800 29,900 323 9/3 2,230 4,760 1 830 Fire Assoc of. Phlla 10 11,100 8e0 74 66 Florida Power A Lr $7 pret 92o 62 H Sale 68 100 130 1,700 B. "2234 Sale" " 23 8,400 Amer dep rctS-.Ord reg £' 200 Ford of France Am dep rets Common 1,160 Partic 4,000 5.400 1,260 50 326 - - 300 734 .15 preferred 17 34 Fruehauf Trailer Co 1 60O Fuller (Geo A) Co com 730 » 1 conv $3 1134 1 24 Sale 134 11 434 ISA Gamewell Co $6 conv pret— 100 Gatineau Power Co com 170 5% preferred..... 1.100 General Alloys Co 16 17 19 21 * $4 Conv pref 3534 Sale * 1234 8834 134 1834 At 5034 r 1334 Sale 2 1734 1334 ..—100 34 2H Feb. 27 7 1J4 Jan. 3 1034 Jan. 21 Feb. 20 Jan. 3 21 Feb. 27 7034 5634 Feb. 3 70 Feb. 25 53 Jan. 31 70 Feb. 5834 52 Feb. 2 61 6 52 Feb. 2 62 Jan. 25 3 29 56 Feb. 6234 Feb. 58 Feb. 58 Feb. 3 54 Feb. 2 62 6 34 Feb. 51 Feb. 2 61 Jan. 3 11 56 Feb. 11 58 Feb. 11 21 Feb. 1 734 At 27K 634 Feb. 16 Jan. 23 Feb. 27 Feb. 1 2134 1034 34 27 34 834 Feb. 1 Jan. 9 Jan. 4 Feb. 27 Jan. 3 20 Jan. 7 20 Jan. 34 Jan. 12 52 21 >4 834 34 2034 Sale 634 1634 Sale 55 5834 Sale Sale 734 5734 5834 2234 8 % Sale 2734 Sale 734 Sale Sale 17 2034 5434 Feb. 5134 Feb. 1134 8 1434 Sale 734 834 2134 Sale Sale 834 2034 Sale 534 534 534 634 634 1734 1734 1034 Sale 5834 Sale 2034 9 34 58 1034 534 67 X 2 2 11 2134 Feb. 734 Feb. 1 16 At Feb. 3 2734 Feb. 27 1 634 Feb. 2134 Feb Feb. 1 Feb. 2 Feb. 27 734 Feb. 9 % 2734 Sale Sale Sale 1034 Sale 61 Sale 58 11 Sale Feb. 17 934 34 20 Feb. 834 Feb. 2234 Feb. 7 24 2 3 3 28 4 2034 Feb. 28 9 34 Feb. 21 At Feb. 25 "2134 "2l34 2134 2234 334 134 12 >4 Sale 134 1234 17 8 834 7 Jan. 12 2034 Feb. 934 Feb. 28 21 26 9 58 Jan. 27 9 Jan. 31 27 12 Jan. 17 73 Jan. 27 80 Jan. 73 Feb. 17 6234 Jan. 16 73 Feb. 17 2134 Feb" "2 934 Jan. 23 22 Feb. 3 "Feb". "7 6 334 134 1234 334 Feb. Feb. Feb. Feb. 1 8 18 4 734 Feb. 1 434 Feb. '134 Feb. 6 25' 8 Feb. 17 434 Feb. 16 13 734 Feb. l' 1734 Feb. 8 1534 Feb. 25 Jan. 24 19H Jan. 2034 Feb. 27 6 3 34 Jan. 13 5 16 4 9 1 34 Jan. 1034 Jan. 334 Feb. 734 Feb. 1 Feb. 1 Feb. 14 17 Feb. 6 20 Feb. 24 1934 Feb. 3634 Feb. 6 26 Feb. 14 9 37 Feb. 16 Jan. 16 134 Feb. 16 134 Jan. 28 1834 Feb. 28 1634 Jan. 28 11 Jan. 27 4234 Jan. A Jan. 5234 Jan. 6 37 40 1134 1334 1334 1434 134 134 134 134 At Jan. 6234 Jan. 28 10 1934 17 3 28 28 17 36 16 27 23 3 Feb. Feb. 17 34 33 1134 1634 Jan. 9 A Jan. At Jan. Jan. 7 Sale 21 2234 1434 1834 2134 1034 20 8] 22] 6 Feb. 2034 Feb. 734 Sal£ ,17 Sale 3 28 *eb. Sale 434 24 Feb. 20 34 13 Feb. 11 Sale 4 16 77 2134 2134 12 4 3 Jan. Jan. Jan. Jan. Feb. 61 6534 Feb. Sale 4 7 At Jan. Feb. 20 Sale 434 Sale 134 134 934 734 19 J4 434 534 3 934 Feb. 21 68 7 Feb. 534 Feb. 934 Feb. 21 1 34 Feb. Feb. At Feb. 27 16 1034 Feb. 734 Feb. 2034 Feb. 534 Feb. 534 Feb. 75 65>4 . Feb. 56 19 18 Sale * stock conv 21 57 Grain & Malting Froedtert 1,300 400 260 334 134 934 434 1,000 Fox (Peter) Brewing Co 5 2,100 Franklin Rayon Corp com—1 300 24 Feb. 67 Ford Motor Co. Ltd, 4,600 Jan. 1 ...» Ford Motor of Ca'nada cl A.. * Class 4?4 Sale 11% Sale 100 20U Ford Hotels Co Inc... 5,500 61 Fisk Rubber Corp common.. i 6% preferred Sale 1SK Sale 9 1134 At Sale 200 Fiat Amer dep rets... 6,300 270 Sale Sale 5 10 Sale 34 Feb. com.. 134 J an. 25 6 27 European Elec Co of Cap— 1,500 Option warrants 98,700 Falrchlld Aviation 2,300 Falstaff Brewing 134 Feb. 55 47 4734 % Sale 1 Pipe Line 134 1 _ Esquire-Coronet... Eureka 10 10* 10 1034 Sale A* 55 5234 54 62 100 .10" 8% preferred. 6% preferred 134 50 59 Sale 181 10 Sale 50 62 600 500 20 10K Sale Empire GAP 7% pref 860 50 900 IK Empire Dist Elec 6% pref. 100 375 1,000 1,300 10 x 1 t c— t 200 Elgin National Watch Co—15 360 1,930 42,400 * Electrographic Corp com—-1 5,000 Electrol Inc l,2e0 1,100 participating pref 23 Jan. 5 23 Jan. 5 4 34 Feb. 25 134 Jan. 5 13 Jan. 20 434 Jan. 10 834 Jan. 17 19 1534 Feb. 25 18 34 Jan. 17 Jan. 10 Feb. 25 14 1534 Jan. 1734 Jan. 28 26 20 Feo. 24 26 Feb. 14 Jan. 3 37 Feb. 16 12 34 Jan. 8834 Jan. 16 3 34 1234 Jan. 88 134 Feb. 21 5 21 16 Jan. 2 4 Feb. 28 General Elec Co of Great Brlf 1,100 2,800 Gen 1,800 „ 1,500 1,200 3,200 30 „ — "~ - - 190 150 300 2,200 1,200 14 17 1234 1834 Sale 1734 Feb. 3 13 13 12 Feb. 24 34 Feb. 7 2 Sale Feb. 28 34 Feb. 23 70 Feb. 2 45 Feb. 24 13 * 1 100 •> * Fireprooflng com General G & E $6 pref B. Gen Investment Co 1734 6934 Feb. American dep receipts.._£1 com $6 Preferred 6,400 * 65 At 48 At Sale i 57 50 60 i Warrants 1 7,100 General Telephone Corp...20 2,100 S3 conv preferred * 15 4934 Feb. 3 34 1 1534 Sale 34 Feb. 1434 Feb. 2 2 34 Feb. 1534 Feb. 27 50 Sale 4934 Feb. 2 51 Feb. 21 Sale 9934 Feb. 6 100 Feb. 14 33 34 Feb. 82 Feb. 3 3534 Feb. 6 2 95 Feb. 28 43 Sale 134 Sale 51 5 Jan. 5 5 Jan. 13 Jan. 100 47 13 J an. Jan. 5 ltt Jan. 5 Jan. 30 70 Jan. 10 4134 Jan. 34 Feb. 31 47 Jan. 3 14 Jan. 28 2 34 Feb. 1534 Feb. 5234 Jan. 27 4934 Feb. ... 460 Gen Outdoor Adv 6% pref. 100 360 General Pub Serv $6 pref...* 300 General Rayon A stock ♦ 5 1854 13 34 4234 34 5234 34 1434 50 134 1534 5134 2 66 2 2 18 Gen Tire A Rubber— 160 310 310 "lOO 1,100 2,175 6% preferred A. 10 "500 390 200 5,800 850 700 90 4,900 100 Gen Water Gas A Elec 426 com.. 53 preferred 7734 670 534 com...... Preferred 30 Co * Godchaux Class 534 * 20,500 Glen Aiden Coal Co 12,500 6 p34 '7834 81 8234 9434 634 Sale 55 preferred 400 Gilchrist 140 534 * Georgia Power $6 prtf 1,400 Gilbert (A C) Co 1,150 1,900 1 5 7 32 6 34 Sale 2834 834 * 2934 10 97 9834 34 Sale 234 234 • 18 Sugars class A...* B * 57 preferred Goldfield Consol Mines 200 900 Gorham Inc class A 250 350 » I com S3 preferred 20 4 6 29 434 Sale 6 434 2734 9 94 34 234 1634 35 30 1034 9834 Sale Sale 1934 534 Sale 534 634 Sale 634 434 Sale 25 Sale 934 Sale 9434 9734 34 Sale 234 234 17 1734 434 Feb. 15 934 Feb. 28 9434 Feb. 34 Feb. 8 234 Feb. 1 Feb. 24 17 1 Feb. 6 7934 Jan. 4 95 Feb. 28 Jan. 12 65 Jan. 12 434 Feb. 6 15 7 Jan. 5 28 Feb. 6 37 Feb. 20 6 Jan. 5 6 Jan. 27 5 3 34 Jan. 27 5 Jan. 3 Feb. 28 33 Feb. 7 834 Jan. 9434 Feb. 24 11 Jan. 19 9834 Feb. At Feb. 7 6 7 5 35 27 37 20 28 Jan. 634 Jan. 6 Feb. Feb. 6 Feb. Feb. 12 534 Feb. Feb. 6 434 Feb. 14 100 Jan. 65 28 25 9534 Jan. 634 Jan. 31 434 Feb. 1 Feb. 7 1034 Feb. 9834 Feb. At Feb. 234 Feb. 10 17 33 7 25 8 1 34 Jan. 8 3 17 24 2 34 Jan. 17 Feb. 24 2134 Feb. 27 19 34 Jan. 25 Feb. 234 Jan. 8 5 Jan. 18 9 Feb. 27 Gorham Mfg Co— 1,000 300 7,400 300 1,476 1,200 2,200 2,300 V t c agreement extended.* 1,000 Grand Rapids Varnish Corp * 10,400 Gray Manufacturing Co.. 10 625 Gt Ati A Pac Tea 1st pref. 100 7,625 Non-voting common stock * 1,860 Great Northern Paper Co .25 24,100 200 15,900 300 250 500 200 3,000 100 2,800 3,600 1,800 1,700 \ 550 8,100 700 200 3,900 70,800 Stores Prod— Common 300 500 100 1,100 2,700 For footnotes 6934 Sale 3734 3834 36,500 Gulf Oil Corp 25 720 Gulf States Util 16 pref.... 350 55.50 preferred ...* Gypsum Lime A Alabastlne.* 1,600 Hall (C M) Lamp Co Sale Feb. 1 Feb. 21 Feb. 2 Feb. 7 12934 7 Feb. 25 21 16 1234 Feb. Feb. 8534 Feb. Feb. 15 39 Feb. 6 Feb. 15 7 Feb. 24 234 Feb. 14 . 234 234 2234 Sale 34 34 1834 34 234 3,800 Hartford Rayon com v ...5 25 t c..l 200 HartmanTobaccocom.no par 5,500 Harvard Brewing Co 4,700 Hat Corp of Am cl B com 5,300 Hazeitine I 1 Corp.. Hearn Dept Stores common 5 6% cony preferred 50 1,550 24,900 Hecla Miulug (Jo 1,000 Helena Rubensteln 250 Class . . .25c Inc A * common. .2 300 7% cum pref w w ..25 1,700 Hewitt Rubber Corp com...5 1,800 Heyden Chemical Co ..10 150 Hires (Chas E) Co class A.. 2,200 Hoe (R) A Co class A 10 7,600 Holllnger Consol G see page 53. 40 102 9234 6 2 34 ... 600 Haloid Co 25 Hartford Electric Light 7 Sale 2134 2234 1934 634 7 734 63£ 10 10 1034 1134 Sale 127 126 12834 12834 130 83 34 Sale 8034 Sale 7634 37 37 38 3834 38 6 7 634 634 534 Feb. 15 1 2r Jan. 20 12 34 Feb. 15 12934 Feb. 21 3 8534 Feb. 1 6934 Jan. 39 Feb. 6 Jan. 31 37 734 Jan. 9 534 Feb. 15 634 Feb. 934 Jan. 21 , /0 27 Jan. 4 234 Jan. 4 126 " ...25c ing Corp common 1 400 Guardian Investors common 1 5,000 127 1934 634 234 234 Sale 234 Feb. 20 234 Jan. 21 Grumman Aircraft Engineer 900 Heller (WE) A Co ""50 126 4,300 Greenfield Tap A Die com..* Grocery 1,600 1834 21 634 834 1034 Sale Sale 104 98 8 134 434 2934 534 Sale 934 63 34 lh 34 Sale 4 34 Sale Sale 934 334 734 834 Sale 434 9 Sale 834 61 134 34 37 105 Sale 1734 Feb. 34 At Feb. K 34 3734 3834 Sale 3534 Feb. 108 10534 10634 10534 Feb. 234 834 134 34 134 4 % Sale 434 3034 30 4 234 1034 64 1 34 Sale 834 20 Sale 3 334 734 734 834 9 10034 101 434 7 234 9 234 10 6034 134 34 134 534 65 Sale 32 34 134 534 zlOO Feb. 102 234 Feb. 9 934 Feb. 21 1 Feb. 29 834 38 46 9 34 41 56 734 9 1434 Sale Sale Feb. Feb. 8 Sale 3J4 1634 734 334 734 934 Feb. Feb. Feb. 10 9 Feb. 1 40 4034 43 40 Feb. 3 45 56 50 Sale 50 Feb. 28 734 1434 Sale Sale 14 834 Sale 15 Feb. 27 634 Feb. 25 14 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 28 Feb. 21 17 4 3934 734 16 734 Feb. Feb. Sale 2534 Feb. 24 9 Feb. Feb. 134 34 134 534 3234 434 1734 834 34 Feb. 134 Feb. 434 Feb. Sale 434 834 9 25 1634 As 3534 103 34 9534 1 16 2H Jan. 3 23 10 Jan. Jan. 17 63 Jan. 31 17 25 Feb. 24 134 Jan. 6 34 Jan. 24 Feo. 25 Jan. 13 1A Feb. 10 16 4 Jan; 11 534 Feb. 16 29 Feb. 10 3 34 Jan. 16 34 Jan. 25 3234 Feb. 5 34 Jan. 20 28 17 17 22 34 Jan. 934 Jan. 17 7 34 Feb. 3 34 Feo. Feb. 21 734 Feb. 834 Jan. 17 3 12 20 1 25 4 3 4 Jan. 12 734 Jan. 934 Jan. 2634 Jan. 23 10 Jan. 19 5 21 734 Jan. 3834 Jan. 26 4134 Feb. 21 28 46 Feb. Feb. 1 4134 Feb. Feb. 834 Feb. 1434 Feb. 8 50 6 3 19 20 2534 Feb. 24 9 3 1 1 25 10 Jan. 23 22 34 Jan. J4 Feb. Jan. 20 Jan. Feb. 14 40 Jan. 26 10734 Jan. Feo. Jan. 11 102 234 Jan. 834 Jan. 63 434 334 734 734 Feb. 6 34 Feb. 3834 Feb. 25 8 10734 Feb. n 10034 103 434 7 60 1934 Sale 10 24 9 Jan. 9 634 Feb. 1334 Jan. 25 834 Jan. 28 20 28 1434 Feb. 10 50 March, 1939] NEW CURB YORE AGGREGATE SALES PRICES IN FEBRUARY NEW YORK CURB EXCHANGE Since February Shares Jan. 3 Jan. 1 300 Par Bid 1,500 Holophane Co Inc common.* 12 STOCKS (Continue, Holt (H) & Co class A ""225 Horder's Inc * - Horn (A "2",475 *"250 ""360 9,200 450 1,400 700 3,600 9,600 11,500 Horn & Ask 12 & 7% 8% 1 Feb. 28 Ask Bid Bid 10% 7% 12 8% Lowest Ask 11% 7% 12 Highest Sale Prices Sale Prices zll% Feb. 14 Lowest 11% Feb. 25 11y * 5% preferred 3 37 % 3 3% Sale 37% Sale 11% Sale 63% Sale Jan. 24 * com C) Co common.....! Hardart com. Highest Sale Prices 10 Jan. 24 * Sale Prices 12% Jan. 5 8% * r 50 Hormel (Geo A) & Co 300 3,100 Feb. 1939 Shares RANGE SINCE JAN. 1 Price , In 45 EXCHANGE Jan. 4 12 Jan. 21 24% Jan. 23 4 Sale 37 Feb. 3 37% Feb. 10 35% Jan. Feb. 16 10% Jan. 60% Feb. 3% Feb. 11% Jan. %# Jan. 6% Jan. 8% Jan. 26 39% Jan. 7 100 Hubbell (Harvey) Inc......5 20,600 Humble Oil A Refining. __ 5,600 Hummel-Ross Fibre Corp. .5 * 400 Hussman-Llgonier Co 300 tHuyier'a of Del com..,.. III 7 % preferred stamped .100 2,700 400 .100 7%,pref unstamped * Hydrp-EltH Secur com. "4",400 Hygrade Food Prod.. ......5 1,350 Hygrade Sylvanla Corp * 6,700 Illinois Iowa Power Co * 24,800 5% conv preferred... ..50 19,800 Div arrearctfs., Illuminating Shares Co A...* ...... 69% i!* if* 8* 5% 4 9 4% Sale 2 23% 66 % 3% 10; Sale 3% 12% 8 7% 8 3^ 2 9% 4 Sale 24% 24 Sale 4 10% % 3% Sale 18% Sale 5% Sale 16% 17 15% 31 Sale 16% 3% 2 29 25 21% 5% Sale 7 4% Sale Sale Sale 12 66% Feb. 1 4% Feb. 16 12% % 8% 9% 4% 2% Sale 3% 4 23% Sale Sale 6 11% Feb. 6 60% Feb. 28 3% Feb. 2 7 Feb. 20 8% Feb. 6 2 Feb. 1 2% Feb. 6 25 Feb. 7 29 3% Feb. 15 21% Feb. 1 5% Feb. 1 25 Feb. 18 4% Feb. 6 Feb. 6 6% Feb. 6 12 Feb. 16 69% Jan. 3 4% Feb. 16 12 Jan. 5 % Jan. 18 Jan. Jan. 17 2% Jan. Feb. 9 18 4% Jan. 17 . 9 9 1% Jan. 23% Jan. 26 9 29 3% Jan. 18% Jan. 5% Jan. 13 3 12 25 7 16 Feb. Jan. 23 16 Jan. 18 Feb. 6 6% Feb. 6 Imperial Chem Indus Ltd—■ 200 6,000 700 800 100 600 70 140 350 200 Am dep rets ord reg ..£1 12,300 Imperial Oil (Canada).......* 1,600 Registered,..,...... * 1,800 1 mper la! Tobacco Co of Can. 6 3,300 Imp Tob of Gt Brit & Irel.. £1 1,100 Indiana Pipe Line. 10 6% 15% 31% 6% Sale 16% Sale 31% 6% 200 Indiana Serv Corp 6% pfd 100 310 7% preferred... .100 1,050 Ind'polls P & L 6H% pi -100 Feb. 6 16% Feb. 16% Feb. 15% Feb. 1 17 3 1 16% Feb. 18 16% Feb. 17 7 .6% 15% 29% 16% 16% 15% 32% 6% Sale 17 16% 33% 6% 32 Sale 11 Feb. 8 Feb. 23 32 6% Feb. 15 8 6% Feb. 10% Feb. 25 11% Feb. 28 10 103% 7% Feb. 16 Feb. 10 Feb. 106% 107% 105% 106% 105% Feb. 3 3 Feb. 23 10 107 Feb. 6 6 24 1 15% Feb. 29% Jan. 28 6% Feb. 15 8 Jan. Jan. 26 Jan. 11 12 9 104% Jan. 5 7% Feb. 16 17 Feb. 6 16% Feb. 18 Feb. 17 Feb. 23 Jan. 5 10M Jan. 5 Jan. 5 IVA lil* Jan. 21 Indian Terr I Hum Oil Co— 400 125 2,450 800 3,600 1,400 6,800 * 1 300 100 Non-voting class A Class B * 1 st'>ck 600 Industrial Finance? t c 1 200 7% preferred...........100 8,050 Insur Co of North Amer.__10 3,000 Internet Cigar Machinery. * 8,500 Int Hydro-Elec (3.50 pref..S0 A 1% 1% % % 1% IX 8 64% 21% 18% Sale Sale Sale Sale 3% 23% Sale 18% Sale A" stock pur warrants... 1,700 16,400 Internet Industries.. ..1 1 % Jan. A Sale 3% 26 Sale 25% 3% Sale Sale 10 "66% Sale" % 9% 65% 22 11 Sale 23 19% Sale 3% Sale %6 Feb. 25 9 Jan. 17 %. Feb. 25 10 Feb. 1 10 Feb. 1 63 Feb. 8 20 1 Feb. Feb. 20 Feb. 23 Feb. 23 65% 22% 20% % 3% Feb. 21% 17% % 2% Feb. 27 6 Feb. Feb. 23 1 Feb. 9% Jan. 1% Jan. 1% Jan. 5& Jan. 10 Jan. Jan. Jan. 12 20 17 21 Feb. 24 8 67 21% Jan. 25 24 16 27 26 20% Jan. % Jan. 4% Jan. 4% Jan. 27% Jan. 4 3 Jan. 20 3% Jan. 11 63 Jan. % Jan. 2% Feb. 23 7 3 7 26 6 Internat Metal Indus cl A..* *6",500 24,606 14,000 1,600 1,400 38,700 4,100 3,900 100 200 Internat Paper & Pow Internal Pei rOleum c6ta. 950 350 200 550 300 • 3% Class 1,700 6,200 300 * ... * 5,900 1,700 Sale M 7 8 % 8% 31% Iron Fireman Mfg com ▼ t c. 3 Sale Sale 26% 3% Feb. 15 25% Feb. 25% Feb. 1 Feb. 21 3 3 % 9 8 % 17% 21% Italian Superpower cl A * % 26,500 Jacobs (F L) Co 3,200 Jeannette Glass Co.... 1 .* % 11% 34 32 3 1 4% % % 15% 19% % 18 Sale % 4% Sale 1% Sale 3% Sale % Sale Sale % Sale 4 1% 1% 75% 77% 3% 26% 26% 3% % Feb. 25 8 % Sale 34% „ 5% 1 com , % 10 Sale 1 Interstate Home Equip com.l Inteutatj Power $7 pref *, Investors Royalty Co 1 Irving Air Chute Sale 27% 3% 3% 26% 25% 10 % 37% 15% 39% 3% 4% 6% % 3% Sale Sale % Sale 18 Feb. 2 16 1 23 2 8 % 14 % Feb. 11% Feb. 34% Feb. *«2 Feb. 1 B $1.75 preferred $3.50 prior preferred New warrants........ 6,900 International Vitamin 4,300 1,820 1,500 3,600 19,800 400 100 27% 26% * internal Products com 6,300 200 4% Sale ._* Registered......... 100 Internat Safety Razor cl B_* 1,100 Internat Utll class A • 2,200 3,900 2,100 1,120 warr._ 20% Sale % % 4 Sale 2% Sale 3 Feb. 4% 4% % 15% 19% % Feb. Feb. Feb. Feb. Feb. 3 1 2 Feb. Feb. Feb. Feb. 6 6 24% Jan. 9 25% Jan. 15 27 26 Feb. 21 1 % Feb. 25 9 Feb. 11 2 % Feb. 12% Feb. 14 37% Feb. 20 Feb. 3 % Feb. 25 5 7% Jan. % Jan. 30 11 Jan. 34% Feb. 24 3 27 % Feb. 25 9» Jan. 7 Jan. 6 11% Feb. 14 23 1»a Feb. 23 4% Feb. 8 28 Feb. 11 2% Jan. 4% Jan. Feb. 20 Jan. 31 8 4% Feb. 31 5% Jan. Jan. 7 i»2 Feb. 5 1 7% Feb. 28 9 % Feb. 18% Feb. 24 2 20% Feb. 27 9 3 Feb. 10 An Feb. 23 4 % 15% 18% % Jan. 11 Jan. 26 Jan. 26 Feb. 10 37& Feb. J 6 28 Jan. 10 18% Feb. 24 21% Jan. 3 Jan. 5 4% Jan. 3 3% Feb. 20 1 % Feb. 7 6 4% Feb. 2% Feb. 25 3% Jan. 1% Jan. 24 30 2% Feb. 25 3 83% Feb. 28 67% Jan. 4 83% Feb. 28 7 89 Feb. 78 Feb. 3 99 Feb. 24 Jersey Central Pow & Lt Co— 150 140 240 4,300 75 10 "2", 606 50 240 700 90 190 2,900 3,000 10,000 300 500 2,600 1,300 5)4 % preferred........ 100 6% preferred 100 7% preferred 100 310 400 8,800 Jones & Laughlin 100 com 67% . 113% _ 5% 8% Koppers 400 300 10 9,400 6 9% com.. 5 29% Sale 28% Feb. 21 51 55 40% 43 2% Sale 3% 3% 1% 1% 12% 13 8% 8% 14% Sale 10 11% ....100 69 41 10 Lackawanna RR N J__ 22.400 Lake Shore Mines Ltd Feb. 1 23 Feb. 15 116 Jan. 31 5 Jan. Feb. 23 15 1 7,900 Lakey Foundry A Machine. 1 40 58 45 Sale Sale 2 Sale 2% 3 1% 1% 12% 13% 7% 8% 13% Sale 6% 11% 71 55 69 54 58 Feb. 1 1 Feb. 4 % Feb. 2% Feb. 20 4 1 % Feb. 13 Feb. 25 45 2% Sale 3 3% 1% Sale 13 Sale 7% 15% 6% 8% Sale 11% 74 ..... 11% 5% 12 Sale 69% 43% 11% 5% 71 — 12% 6% 69 65 43% 11% 5% 1 Class B 100 Lefcourt Realty com.......! Conv preferred...........* 500 900 1,500 2,600 1,600 100 200 — — » - — « - - 1 200 161,100 7,800 3,300 625 900 300 5,300 mm- 600 200 300 5,200 1,100 100 ...... Lohtgh Coal A Nav... * Leonard Oil Development.. 15 Le Tourneau (R G) Inc 1 Line Material Co new 5 Lion Oil Refining Llpton (Thos J) class A 250 6% preferred....... 200 Lit Brothers com ♦. 17 2 8 Feb. 16 11% Feb. 5% Feb. 7 54 12 6% 9 Feb. 23 46% Feb. 17 9 2% Feb. 6 65 Feb. 48 50% Sale Sale 3 48 Sale 2% 1 8 14 9 1 1% 10% 8 9% 3% % Sale Sale Sale 18 54% 2% 3% 1% 13 Feb. 15 Feb. 28 Feb. 24 Feb. 23 Jan. 30 116% Feb. 17 6% Jan. 16 8% Jan. 12 107% Feb. 28 31 % Jan. 13 7% Jan. 105 Feb. % Jan. 56 38 Feb. 28 Feb. 24 Jan. 4 Jan. 20 72 Jan. 10 54% Feb. 15 2% Jan. 5 4 1% Feb. 2% Jan. 12 1% Jan. 16 Feb. 18 3% Feb. 24 1% Feb. 23 13 Jan. 12 13 Jan. 8 Jan. 19 26 8 Jan. 19 12% Jan. 15% Jan. Jan. 11 10 Jan. 9 11 7 54 Feb. 16 73 Jan. 10 Feb. 9 12 7 18 4 11% Jan. 5% Jan. Jan. 6% Feb. Jan. 16 Feb. 23 45% Jan* 26 48 Feb. 23 Feb. 25 8 Feb. 17 15% Feb. 27 2% 46% Sale 3% Sale 12 20% Sale 11% 13% .* 1% 1 ..... 2% 13 12% 36% Sale Sale Long Island Light com.....* 1% 20; ,.{ 6.800 Majestic Radio A Tel Corp..l 1,600 Manati Sugar opt warr...... 1 300 Mangel Stores Corp com $5 conv preferred........* 10 Sale 1% Sale 7% Sale 170 Louisiana P A L $6 pref 800 Lucky Tiger Combination. 10 350 Ludlow Valve Mfg Co com Sale 27 .100 6% preferred series B ..100 Loudon Packing Co com .* Louisiana Land A Expl com.l 1,200 Lynch Corp 3% Sale 15 11 % 7% 3 1% 8% Sale % Feb. 27 7% Feb. 28 48 27% 18 28% Sale Sale 30 18 12% 1% % 3% Feb. 18 Feb. 6 65 % 7% 3% % 28 % Feb. 9 Feb. 2 10 18% 13% 18 Feb. 1 13 23 Feb. Feb. 11 17 17 23 28 23% lA 6% 1% 2% 1% Feb. 6 28 23 Sale Sale 9 Sale 29 Sale Sale "33% Sale '11% Feb". Sale 28% Feb. Sale 1% Sale 30% 25% Sale 1% Sale 30 7 95 Sale Sale 2% 34% 19% 21 19% 5% 6 5% Feb. 9 1% 29% 23% 1% 6% 28 50% Jan. 3% Jan. 19 Jan. 65 25 % Feb. 27 7% Feb. 28 2% Jan. 14 3 3 1 Feb. Feb. 15 1 Feb. Feb. 28 1 Feb. 26 9 23 % Feb. 14% Feb. 18% Feb. 16 27% Jan. 12% Jan. 2 17% Jan. 26 Feb. Feb. 17 12 22 Jan. Jan. 10 5 1% Feb. 6 1% Feb. 6 Jan. Jan. 9 17 13% Feb. 28 36% Feb. 24 Feb. 25 Feb. Feb. Feb. 1% Feb. 9% 1% 30% 27% 7% Feb. 26 9 11% Feb. 14 Jan. 24 8% Jan. 24 26 7 12 Feb. 6 Feb. 27 8% Jan. 3% Jan. 13 Jan. 3 Feb. 17 Feb. 23 17 1% Feb. 6 Jan. 9 24 22 Jan. 9 13% Feb. 28 36% Feb. 24 9% Jan. 19 13 Jan. 4 6 Feb. 6 19% 1% 6% 92% % 1 Jan. Jan. 3 Feb. 6 31 5 24 3 Jan. 26 Jan. 24 Jan. 26 2% Feb. 24 A Feb. 17 1% Feb. 16 % Jan. 23 % Jan. 1% Jan. 24 20 3 20 Jan. % Feb. 14 1 % Feb. 1% Feb. 16 9 Feb. 3 Jan. Jan. 30% Jan. A Feb. 1 n* 17* 3 Jan. 1 31% Feb. 20 % Feb. 31 Jan. 26 8 Feb. 20 Feb. 6 A Sale 2% Sale % % 1% 2 Sale 30 Feb. 98 % 26 2% Jan. 57 22 13% 33 % 9 1 % 43 24 31 1 30 Feb. 27 Feb. 28 Feb. 9 Feb. 14 24% % 32% 21% 12% 30% 8% 1% 2% Feb. 23 Feb. 1 48 Feb. 3 % Sale 23 Lone Star Gas.. 7% preferred... 1 10 12 4- 25 2,300 Locke Steel Chain Co......5 382.400 Lockheed Aircraft 15 % 70% Feb. 13% Feb. 31% 225 Loblaw Groceterias class A. * Class B 200 20,000 13,400 1,225 3,025 2,100 18,100 Feb. 39 26- 10 Feb. 13% Feb. Glass A 16,100 6,600 2,300 5,250 7,200 1,700 72 89 99 — 70 Lane Bryant 7% pref.... 100 Langendorf United Bakeries 6,400 3,000 25 Sale 4 5 Feb. 5% Feb. 14 10 7% Feb . 20 7% Feb. 20 1 107% Feb. 28 107% Sale 105 Feb. 8 8 % %# % % Feb. % Feb. 100 3,000 100 9 5 26 112% 116% 116% Feb. 17 116% Feb. 17 Sale % Jan. 86% Jan. 26% Jan. 4 Company— 6% preferred... 1,000 Kress (S H) & Co spec pf..lO 3,400 Kreuger Brewing Co 1 400 28 31% Feb. 5% 8% 7 105 """% "T Kresge Dept Stores— 4% conv 1st preferred..l00 700 Sale Sale 29 115% 118 240 Kimberly-Clark 6% pref. .100 900 Kingsbury Breweries com 1 Kings County Lighting 150 7% preferred series B...100 290 5% preferred series D...100 7,000 Kingston Products.........! 5,300 Kirby Petroleum...........1 10,500 Ktrkland Lake G M Ltd 400 Klein (D Emit) Co common..* 600 Kfelnert(lB) Rubber ...10 8,600 Knott Corp com ...1 Sale 77% Feb. 83 Feb. 93 Sale 25 20 Kansas G & E 7% pref 100 Keith (Geo E) Co 7% pref. 100 "5,406 Kennedy's Inc 5 500 Ken Rad Tube A Lamp cl A * 83% Sale 89 37 150 Julian A Kokenge com 100 Kobacher Stores Inc 525 68% Feb. 20 23 „ 2lf Jan. 7% Jan. 92% Jan. Feb. & 31* 9 Jan. 4 Jan. 14 2% Feb. 24 3 A Feb. 17 1% Feb. 16 30 32 Jan. 23 30 Jan. 19 Feb. 17 20 Jan. 6 5% Feb. 2 5% Feb. 2 23 Manischewltz Co common..* """300 """600 100 100 Ma pes Con a Mfg Co.........* Feb. 19% Feb. 6 5% Feb. 5% Feb. 2 19 19% Marcohi Internat Marine- For footnotes see page Communication Am dep ret 53. 6 5% 6 NEW 46 YORK NEW YORK Jan. 3 Par Bid Margay Oil.... — * 2,600 Marion Steam Shovel com..* 700 Mass Utii Associates v * c—1 2,800 Massey Harris Co common..* ...1 2,500 Master Electric Co.... T.666 700 500 1,100 Feb. 1939 Jan. 1 16 STOCKS (Continued) Shares Shares 1 Price CURB EXCHANGE Since February RANGE SINCE JAN. PRICES IN FEBRUARY AGGREGATESALES In EXCHANGE CURB 150 150 ""f.ioo McCord Radiator & MfH B--* Bid 16 19 3}* 2 2 Sale 2 5* 65* 75* 17H Sale Ask Ask Bid 4% 185* 4 23* Sale 6 165* Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Feb. 28 1 16}* 3% 23* 55* 17 43* Sale 6 Sale 16 17 May Hosiery Mills— $4 preferred...........—* """666 Ask 33* Feb. 4 Feb. 4 5}* Feb. 1 2 16 Feb. 21 Feb. 4 16 23* Feb. 28 63* Feb. 4 173* Feb. 10 35* Jan. 2 25 Feb. 4 53* Jan. 153* Jan. 27 30 635* Feb. 3 Feb. 20 535* Feb. 3 15* Feb. 1 23* Feb. 10 1 Feb. 20 Feb. Feb. 1 % Feb. 14 Feb. 28 Feb. 9 54 5 Jan. 7 23* Feb. 28 73* Jan. 5 185* Jan. 4 54 Feb. 20 25* Jan. 4 McColl-Frontenac Oil Ltd. 100 1,600 1,550 2,500 1,065 700 6,700 McWilliams Dredging com..* 2,050 Meed Johnson & Co com....* 7,500 Memphis Nat Gas com ......5 * 1,065 Memphis P & L $7 pref 1,500 275 4,400 2,500 Merchants & Mfrs class A...1 Partlc pref.. 475 .* * 24,800 Merritt Chapman 8c Scott 750 6}*% A pref 100 Common stock pur warr'ts. 1,600 17,100 Mesabl Iron............... .1 300 Metal Textile Corp com..25c Part preferred 40 ...—.15 50 ""9,266 100 10 900 Mercantile Stores Co....—* Sale 2 16 X 17 130}* 133 35* Sale 1J* 14}* 126 Sale 15}* Sale 33* 3% 2 Sale 15 Sale Sale 137 3% 95 16 175* 4 5* 14 175* 14 1253* Feb. 33* Feb. Sale 86 Feb. 953* 193* 215* 43* 45* Sale 4 53* Sale 55* Sale 5* Feb. 17 16 1 137 4 4 10 953* 16 43* Feb. 20 Feb. 10 45* Feb. 17 6234 Feb. 15 Sale 4 Feb. 21 203* Feb. 20 8 Feb. Feb. 24 4 Feb. Feb. 15 125 Jan. 33* Jan. 86 20 17 28 137 30 Feb. 10 153* Jan. 25 Feb. 20 Jan. 31 3 Jan. Feb. 15 4 5* Jan. 7 % Jan. 15* Jan. 18 43* 265* 43* 623* Jan. 4 Feb. 28 Feb. 4 8 953* Feb. 21 203* Feb. 20 34 Feb. 17 34 Feb. 17 34 Feb. 17 53* Jan. 6 Feb. 24 Jan. 0 Jan. 9 Jan. 7 Feb. 27 Jan. 18 36 Jan. 6 95 53* Feb. 20 95 Feb. 20 95 Feb. 20 95 5* Feb. 16 1 Jan. 24 27 4 3* 64 }* 1 303* Sale Sale Sale 13* 38 Me Sale 15*' 1}* 39 39}* 1 15* 30 37 Me Feb. 15* Feb. 1 8 4% 273* 55* 623* 5* Feb. 27 8 15* Feb. 273* 63* 77 % 5* 15* Metropolitan Edison Co— 25 25 $6 preferred 600 Mexico-Ohio Oil 500 ........* Co..__....* 4,900 Michigan Bumper Corp—..1 14,900 Michigan Gas & Oil Corp... 1 2.50 700 Mich Steel Tube Prod 500 Michigan Sugar com.......* 1,600 8,800 300 100 200 ...10 Preferred...... 400 a is 2 3* M 25? Sale 2 5* 8" 3% J* 3* 5* Sale 2 2% 65* 75* Me % 2}* 3% 5* 3* Me ,3* 13* Sale 8 83* Me Me 25* 2% 5 53* Sale 5* % 75* Sale 3* Feb. 16 2 Me Feb. % Feb. 28 . . 7 Feb. 14 3* Feb. 23* Feb. 73* Feb. 4 8 Me Feb. 17 2% Feb. 25 Me Feb. 17 2% Feb. 25 5 1 55* Feb. 11 5* Feb. 23 73* Feb. 10 % Feb. 11 83* Feb. 6 £ Jan. 28 % Feb. 28 7 Jan. 26 s Feb.1 20 5* Feb: 16 5* Jan. 4 25* Jan. 4 Jan. 8 0 17 7 3* Jan. 9 2% Feb. 25 3 45* Jan. 5* Feb. 23 55* Jan. 20 % Feb. 11 83* Feb. 6 "Ae J? eD. 25* Jan. Middle States Petroleum— . 5,200 1,500 15,000 Class A vot trust ctfs...—* 12,000 Class B vot trust ctfs—-.* 2.,800 21,500 Middle West Corp common. .5 45* Sale 5* % 75* 7% Sale % Sale 75* 75* Feb. Jan. 7 13 Midland Oil Corp— 150 150 $2 con v .....* pref 3H 4 5* 35* 45* 35* 14}* 153* Sale 10}* J3^ Sale 143* 97 Sale Sale 11}* 13* 83* 43* 33* Feb. 25 35* Feb. 24 33* Feb. 25 35* Feb. 24 Midland Steel Product— $2 n on-cum dlv shares....* ...—* 1,725 MldvaleCo— 500 Mid-West Abrasive Co....50c 10 6,500 Midwest OH Co 1,400 700 600 200 2,700 Midwest Piping """166 ""'400 Ac Supply Co* Mining Corp of Can—.....* 6,500 Minnesota Mln 8c MfgCo——* 4,450 103 13* 8% 101 15* 39}* 403* 33* 143* 11 IK 8K 93* 15* 385* 1153* 33* 125* 2 Sale 12}* 2 2 11 99 133* Feb. 143* 1023* 13* 83* Feb. 13* Feb. 83* Feb. 96 15* Sale Feb. 28 Feb. 18 1 Feb. Feb. 28 Jan. Jan. 12 93 25 153* Jan. 24 109 1 13* Feb. 83* Jan. 26 4 Jan. 4 15* Jan. 85* Jan. 11 14 12 13* Sale Sale 473* 1 % Sale 15* Feb. 38 3 15* Feb. 473* Feb. 28 Feb. 15* Jan. 37 Jan, 12 30 15* Jan 12 473* Feb. 28 . Minnesota P & L """370 500 1,500 7% pref.100 """380 Miss River Power pref..—100 1,200 Missouri Pub Serv common.* 3,200 Mock Judson Voebringer2.50 21,800 Molybdenum Corp.........1 1,400 Monarch Mach Tool Co com.* 31,600 Monogram Pictures com ...1 400 Monroe Loan Society cl A..1 200 Montana Dakota Utilities..It 3,170 Montgomery Ward & Co A..* 2,100 Montreal LtHt Ac Powcom—* 475 Moody's Investors Part pref.* Moore Corp Ltd..........—* 7% A pref...—.........100 1,200 {Moore (Tom) Distillery Co.l 100 Mtge Bank of Col Am Shs 30,950 Mountain City Copper Co. .5c 5,500 400 6,500 400 ~ 1,370 450 325 600 "7",850 3,500 7,700 Mountain Producers Corp. 10 ""30 """"50 3 14 115 Feb. 28 1153* Feb. 115 Sale 1 Sale 2 33* 9 33* 35* 33* Feb. 35* Feb. 2 143* Sale 12}* 12% Feb. 145* Feb. 28 Sale Sale 2 1% 55* 5 Sale 20 3 Sale 162 55* Sale 20 Sale 22 2 2% 65* 53* Sale Sale 22 25* Sale 2 55* 25* 5}* 28}* 38}* 393* 5 27 253* 2 45* Feb. 1 Feb. 28 20 Jan. 3 3 Feb. 1 2 Jan. 3 4 2 Feb. 28 15* Feb. 55* Jan. 19 Jan. 4 1 Sale Feb. Feb. 2 163 3 31 Feb. 28 Feb. 20 Feb. 2 9 3* Feb. 9 4% Feb. 21 Feb. Feb. 253* Feb. 27 27 156 4 295* Jan. 27 253* Feb. 27 5% Jan. 5 Feb. 28 33* Jan. 18 22 Feb. 28 2 53* Jan. 1633* Jan. 17 26 Feb. 20 31 283* Jan. 9 40 180 Me 6H 25 160 30 162 53* Feb. 22 8 Feb. 24 23* Feb. 15* Feb. 63* Sale 163 45* Feb. 21 Jan. 19 1153* Feb. 1 2 33* Feb. 35* Feb. 9 11% Jan. 27 145* Feb. 28 115 5* Me Sale 53* 5 }* 53* % Sale Sale Mountain Sts Tel Ac Tel—100 Feb. 3* Sale 53* Sale 53* Sale Feb. 5 1 3* 55* 4% 4% Jan Jan. . Jan. Jan. 16 7 26 5 3* 55* 63* 55* Jan. 16 Jan. 7 Jan. 5 Feb. 17 {Mountain States Pow com.* 2,000 Murray Ohio Mfg Co— * 2,000 Muskegon Piston Ring..2.50 Muskogee Co common * 800 900 100 Nachman Sprlngfilled Corp.* 7,400 Nat Automative Fibres com.l 12,500 Nat Bellas Hess com..———] 2,400 5,200 9}* Sale 11 12 I 12 I }* 88A Sale 8 11 95* 115* 9 6 7M National Breweries com....* '"'loo """166 National Candy Co com 1,000 2,700 1,350 3,900 17,500 3,000 2,600 National City Lines com..—1 250 2,000 8,100 300 1,500 63* 83* 5* 30 93* 9 Sale 115* 50 National Container (Del)—1 —..* Nat Manufacture Ac Stores..* National Oil Products....—4 12 13 35 % 63* 12% 40 7 Sale 3% Sale 33}* 30 113* 12}* 43 ~ 433* 55* Sale 125* 13 45* 5}* 303* 333* 123* 403* 7 39 63* 13 Sale 45* 36 1235* Jan. Jan. 18 4 125 95* Feb. 14 123* Feb. 25 Feo. 16 105* Jan. 23 8 Jan. 25 75* Jan. 13 5* Feb. 25 Jan. Jan. 8 Feb. 8 2 Feb. 25 3* Feb. 9 93* Feb. 123* Feb. 10 Feb. 2 9 5* Feb. 25 Jan. 25 20 3 50 * S3 conv preferred—— National Fuel Gas Feb. 23 1243* Feb. 23 125 9 8 Feb. 16 93* 95* Feb. 14 113* Feb. 10 11% Sale 123* Feb. 25 a 53* Sale 93* Feb. 10 113* Feb. 10 40 Feb. 7 55* 125* 43* 33 1 Feb. Feb. 14 9 Feb. 4 Feb. 2 43 2 9K Feb. 10 Jan. 333* Jan. 10 93* Feb. 10 123* Jan. 10 Jan. 43 31 Jan. 65* Feb. 24 133* Jan. 18 363* Feb. 25 35* Jan. 30 Jan. 363* Feb. 25 843* Feb. 28 70 Jan. 45* Jan. 4 Jan. Me Jan. 84 % Feb. 28 Jan. 5 Jan. 5 Jan. 9 65* Feb. 24 3 133* Feb. 5 Feb. 25 55* Jan. 12 Jan. 6 20 Nat rower Ac Light— S6 preferred 10,850 ...—* 1,300 National Refining "new com* 6,900 Nat Rubber Mach com......* 5,900 100 2,300 1,800 50 1,800 2,800 3,800 1,200 300 20 2,600 "loo 300 ...1 600 National Service Co 100 200 450 • Conv partlc preferred....* 700 6,850 National Steel Car Ltd——.* 2,900 National Sugar Refg. * 275 National Tea Co 534% pref. 10 ..12.50 3,300 National Transit 7,800 National Tunnel Ac Mines..* 18,400 National Union Radio com.. 1 * 2,500 Navarro Oil Co 400 Nebel (Oscar) Co com..—.-* 410 Nebraska Power 7% pref—100 4,900 Nehl Corp com * 1st preferred 10 ———.* 500 Nelson (Herman) Corp —.5 1,300 Neptune Meter class A—....* 500 Nestle Le Mur Co class A—* Nevada Calif Elec com..—100 400 ""50 50 7% preferred 70}* 73}* Me 1% % 15* 60 12}* Sale 58 H 73* Sale 1% 2% 1 13* 13}* 145* Sale 103 45}* 5}* 53* % 48 Sale Sale 5* 6,950 6% preferred—.........100 $2 preferred.. New Engl Tel Ac Tel Co—100 215* 108}* 600 400 1,000 3,600 8,450 2,500 7,500 New Haven Clock Co com...* Sale New Idea Inc common _* Sale New Jersey Zinc 25 Sale 600 170 380 1,500 400 180 36,700 325 "4",900 1,200 2,000 Me 1 13* 543* 56 12}* Sale 75* 85* Sale 2 2 Sale Sale 13* Sale Sale New Mexico Ac Aria Land...1 common a\H Sale 33* 53* 5 5 6 5 Sale Me 5* 3* .... 62}* Sale 16 215* 1075* Sale 7 65* 115* 123* 57 Sale 13* Sale 723* Sale Sale Sale 133* "6", 800 14^966 ""6",500 NUes-Bement-Pond com—.* Nineteen Hundred Corp Nlplsslng Mines For footnotes see page 53. B..1 —5 Feb. 4 43* Feb. Me Feb. 3 9 Feb. 3 1 Feb. 9 3 56 Feb. 8 Feb. 11 53* 73* 15* 13* 23 Feb. Feb. Feb. Feb. Feb. 2 6 4 123* Feb. 28 2 53* Feb. 83* Feb. 28 Feb. .2 9 9 5 Feb. 28 9 2 1 Feb. Feb. 27 6 Feb. Feb. 21 Feb. 25 Feb. 28 Feb. 9 5 1 % 13* Jan. 605* Jan. Jan. Jan. 11 Feb. 45* Jan. 49 8}l 73* Jan. 15* Jan. 13* Jan. 23* Jan. 5* Jan. L02 Jan. 423* Jan. 78>* Jan. 45* Jan. 13}* Sale 4 35* 363* Feb. 6 Jan. 12 7 Feb. 12}* Feb. 1 1103* Feb. 6 73* Feb. 3 13 Feb. 28 3 Feb. 3 1 13* Feb. 713* Feb. 21 75 * 2 15* 255* Sale Sale 6 \K 7P Sale 23* 183* Sale 363* Feb. 58 15* 163* 8 73* 1023* Sale 6 20 24 24 Feb. 5* Jan. 55 30 85* 7 145* Feb. 28 67}* Feb. 6 Feb. 13* Feb. Feb. 16 1 25 30 Sale 25 83* 185* Feb. 233* Feb. 75* Feb. 4 25 105* Feb. Feb. 25 Feb. 27 26 17 83* Feb. 27 101 Feb. 15 1025* Feb. 25 9 3 109 Feb. 1073* Feb. 4 115* Sale 48 5 Sale" 8 '"§3* Sale" Sale 9 873* Sale 12 Feb. 25 Feb. 8 4 83* Feb. 1 43* 225* 93* 875* Feb. 27 Feb. 87 Feb. A ft Sale Sale 2 Sale Sale 553* Sale 83* 85* 13* Sale 15* 3* Sale 15* Sale 615* Sale 75* 83* 15* Sale 1 3* Feb. 9 15* Feb. 53* Feb. 23 15* Feb. 65* Feb. 62 553* Feb. 6 Feb. Feb. 25 15* Feb. 17 3 3 3 23 23 Jan. Jan. 27 26 11 2 20 Jan. 10 27 Feb. 25 26 9 253* Jan. 19 5 85* Jan. 3 1025* Feb. 25 4 110 Jan. 6 5 73* Jan. Jan. Jan. 3* Jan. 15* Jan. 53* Jan. 30 16 13 5 13 3 Jan. 13* Jan. 50 0$ Jan. Jan. Jan. Jan. Jan. 80 27 26 86 6 145* Feb. 28 67 5* Feb. 6 28 5 Jan. Jan. 6 Feb. Feb. 24 Me Feb. 2 11 Feb. Jan. 363* Feb. 27 110 27 8 26 135* 26 625* 6 95* Jan. 4 18 78 J* 15* 55* 2 563* Jan. 104}* Jan, 65* Jan. 11 Jan. 54 Jan. 13* Jan. 705* Jan. 26 Jan. 2 Jan. 163* Jan. 233* Jan. x75* Jan. 100 Jan. 107 Jan. 8 Feb. Sale 82 61 2 4 20 '0ft ^ 12 12 27 9 111% Feb. 21 503* Feb. 25 9 78 % Jan. 3 53* Jan. 3 53* Jan. 7 5* Feb. 5* Feb. 123* Feb. 623* Feb. 19 Jan. 15}| 133* Jan. 5 4 3 2 Feb. 28 Feb. 6 5 11 123* Jan. 5* Feb. Feb. 575*. Sale 24 Sale ......... "2",800 5 1 Me Feb. 1 673* Sale 23% 1123* 1075* Feb. iif* 1 lH 280 N Y Water Serv 0% pref—100 ......... 4 545* Feb. 24 8A if* 4,200 NYC Omnibus warrants 10 2,250 N Y Ac Hond Kosario M 1,200 N Y Merchandise Co com.. 10 320 N Y Pr & Lt S6 pref * 490 7% preferred...........100 N Y Shipbuilding Co- 111,300 Niagara Hud Pow com.....10 1,250 5% 1st pref. ........100 50 5% 2d preferred ... 100 Class A warrants 7,500 Class B warrants 2,900 10,100 Niagara Share Corp class B S Class A preferred.. ...100 Feb. Feb. 4 5 6 y 26 * Founders shares.........] 2,300 1,100 New York Transit—........5 733* Feb. 13* 15 Sale 135* 15 14 153* Me 5* Me Feb. 20 3* 1073* 1103* 1103* 1113* 1113* Feb. 21 1113* 46 Sale 1 46 Feb. 483* 495* 503* !45* Newmont Mining Corp....10 300 New Process Co common....* 100 N Y Auction Co 3,800 1,150 Me 3* % 15* 553* Sale 115* 12 '4% 43* 363* Feb. """266 800 84% Sale ——.100 ""§0 2,400 74 Sale 600 New England Pow Assn com. * 225 3,150 3,400 70 "4 5 Sale 5 9 Jan. 4 Jan. 30 Feb. 8 Jan. 7 875* Feb. 24 133* 43* 225* 93* 82 Jan. 3 3* Jan. 5 Jan. 4 63* Jan. 19 26 62}* Jan. 5 3 15* Jan. 6 2 March, 1939] NEW CUBE YORK PRICES IN FEBRUARY AGGREGATE SALES new york curb exchange Since In February Shares Par (Continued) Feb. 28 Feb. 1 1939 STOCKS Bid Bid 534 154 ...I 5.400 Noma Klec Corp com 1 21.900 Not Amet Lt Ac Pow com., 96 preferred............ ...* 2,800 2,100 North Amer Rayon cl A., ill* Clati Bcommon........ 1,500 525 6% prior preferred..... ilso 1,700 Nor Amer Lit 11 Sec com... 600 1,200 300 400 100 2,500 780 5,900 North European Oil com.. ...1 1,140 Nor Ind Pub Ser 6% pref.. 100 .100 780 7% preferred.. ..10 1,400 Northern Pipe Line 29,045 Nor States Power new A. ..25 2,400 Northwest Engineering. 2,900 Novadel Agene Corp. 390 60 22 Lowest Ask Sale Sale 46 8,345 700 . 1,700 950 1,775 2,300 1,000 1,460 1,075 200 540 160 Ohio Brass class B • aV4 Sale' 8934 5 12 16 29 Sale Sale 30 25 Sale Sale Ohio Edison $6 preferred...* 100 Ohio Oil 6% 11034 11134 ..100 pref Sale 454 1034 1534 5 11 16 34 434 Sale 1234 Sale 1634 17-34 28 32 31 Sale 2234 Sale 103 Sale 10334 Sale 11134 11234 11134 112 2154 Sale Ohio Power 6% preferred.100 170 Ohio Pub Ser* 7% 1st pref 100 """500 4,600 Ollstoclcs Ltd common......5 12,600 Oklahoma Nat Gas com....15 S3 preferred 1,950 ......50 Conv 6% prior pref 150 100 2,900 Oldetyme Distillers... _1 650 100 1,000 Feb. Feb. Feb. Feb. Feb. 3 1 2 1 2 6 Feb. 16 Feb. 28 22 2134 Feb. 28 Feb. 7 45 Feb. 4 Feb. 27 17 Feb. 9 Feb. 9 Feb. Feb. 15 2134 10134 11134 zlll34 107 434 Jan. 134 Jan. 1 Feb. 14 8934 Feb. 28 9534 Feb. 27 4k Feb. 17 6 6 1234 Feb. 1634 Feb. 11 3 31 Feb. 27 28 24 60 Jan. 534 Feb. 7 154 Jan. 166534 Feb. 16 22k Jan. 4 2134 Feb. 28 24 17 Jan. 27 17 Jan. 27 43 Feb. 24 8834 Feb. 2 434 Feb. 6 1034 Feb. 20 29 134 Feb. Feb. A Feb. 10 84 Highest Sale Prices 7 47 34 Feb. 17 SH Jan. A Jan. 8134 Jan. Jan. 18 134 Jan. 5 4 16 9 13 9 Feb. 34 Feb. 14 8934 Feb. 28 Jan. 4 434 Feb. 6 934 Jan. 13 15 Jan. 25 27 Jan. 26 88 31 26 Jan. 4 103 34 Feb. 6 1 24 Feb. Feb. 2134 Feb. 7 10334 Feb. 28 100 Jan. Feb. 6 11134 Jan. Feb. 14 11134 Feb. 7 11334 Feb. 27 *11134Feb. Feb. 6 110 Feb. Feb. 25 10434 Jan. Feb. 27 Jan. 5 Feb. 6 Jan. 4 Feb. 27 28 9534 534 1234 1634 11234 Jan. 24 11434 Jan. 16 110 Feb. 25 100 6% 1st pref """loo 434 134 6034 1834 1734 1 4J4 Sale Prices 7 534 Feb. 34 Feb. Sale ... 800 Lowest Sale Prices Highest Sale Prices 43 Sale 6134 '."b 500 North Cent Texas Oil RANGE SINCE JAN. 1 Price Jan. 3 Jan. 1 Shares 2,200 7,200 1,200 47 EXCHANGE 934 10 12 34 Sale 38 4134 100 102 134 Sale 9 10 54 39 34 9 34 9 Sale 4034 42 98 100 534 534 3 % Sale ±s4 10 12 4334 101 Feb. 9 Sale 102 1034 Feb. 4034 Feb. Feb. 100 10 9 Feb. 10 1 12 Feb. 28 6 4234 Feb. 24 6 101 Feb. 21 1H 134 134 134 Feb. 23 134 Feb. §,, 1H 634 334 734 4 334 Feb. Feb. 20 16 334 Feb. 4 10 934 27 1234 Jan. 24 4234 6 100 Feb. 101H 134 Feb. 23 134 9 Feb. 9 34 J an • 39 Jan. 4 Jan. 8 Feb. 24 Jan. 10 Jan. 19 Oliver United Filters B_—.* Omar Inc— 200 200 400 Formerly Nat Bak Co 1 1,600 Overseas Securities Co......* 100 Pacific Can Co common....* 8,500 1,550 18,100 4,800 Pacific G 6c K 6% 1st pref..25 534% 1st preferred... 25 750 Pacific Ltg Corp $6 pref.... * 380 PacificP AcL7% prof .100 400 260 100 300 25 1,400 Pacific Public Service 500 lit preferred... 75 Page-Hersey Tubes com. ....._..* com .1 Pantepec Oil of Venezuela ..1 49",700 109,600 50 '""250 American shares....... 734 32 34 1 16 Parker Pen Co 2,400 Parkersburg Rig Ac Reel Co.l 11 Sale Z% 3 % 8 10 8 32 34 Sale 3234 934 Sale 10734 Sale 67 70 654 2034 734 2134 6834 6 34 20 34 100 75 7 22 Sale 83 Sale '2134 "22" 97 7 Feb. 20 7 9 Feb. 3234 2 2934 Feb. 2934 10634 Feb. 15 10834 6 74 Feb. 8334 2 634 Feb. 634 21 Feb. 8 2134 32 Feb. 10334 100 1 100 Feb. Feb. Feb. Feb. Feb. Feb. Jan. 23 334 Jan. 6 834 Jan. Jan. 2834 Jan. 3i 20 2 10634 Feb. 27 6834 Jan. 3 11 2 15 Feb. 1 634 Feb. 6 Feb. 8 "7% Sale" 7 34 Paramount Motors Corp 900 o 3 16 4 Sale 354 634 Sale 334 4 34 534 Sale 334 4 534 Feb. Sale 1134 Feb. Sale 13 34 1434 Feb. 14 Sale 12 1234 20 14 1234 Feb. 27 30 Patchogue Plymouth Mills..* """250 8,000 100 """loo 400 11,300 Pender (D) Grocery cl A....* * Class B. """loo 56,100 15,500 875 50 100 3,550 350 250 3,100 800 25 200 300 9,700 650 3,300 2.50 Pennroad Corp com vtc.. Pa Cent Airlines com .1 ..1 S5 preferred.. 2,700 Pa Gao Ac Elec class A.. 900 Pa Pow & Lt 36 pref....... 3,025 S7 preferred.. 8 34 39 9 54 34 54 234 1H Sale 834 Sale 354 4,850 Pa Water Ac Power ..* 1,075 Pepperell Mfg Co 106 250 Perfect Circle com.........* 1 15,500 Pharis Tire Ac Rubber Co 1,600 Philadelphia Co com _.....* 25 Phlla Elec |5 div preferred. 275 Phila El Pow 8% pref 25 2,500 Phillips Packing Co...... * 51,200 Phoenix Securities common. 1 S3 conv preferred A-....10 6,050 4,900 Pierce Governor Co com....* 134 34 V*2 Sale 8 4 54 3,600 200 1,500 1 Jan. 14 26 27 27 11 24 11 27 10 6 2134 Jan. Feb. 1 100 & 734 Jan. 3 734 J an. 6 34 Jan. 27 Jan. B Jan. 9 Jan. 23 16 1134 Feb. 3 13 Jan. 23 18 Feb. 20 3734 Jan, 30 7 34 Jan. 14 3934 Feb. Feb. 2 Jan. 24 3034 Jan. 14 8 X Feb. 8 X Feb. 8 234 Feb. 28 934 Feb. 16 934 Feb. 21 1 34 Feb. Sale 834 Sale 534 5 Sale 134 Jan. 734 Jan. 24 2 53 Jan. 334 Jan, 9234 Jan, 3934 Feb. 7 Feb. 2 12 2934 Feb. 25 8 134 Feb. 8 Feb. 5 Feb. Feb. Sale' 7434 73 l Pittsburgh Forglngs Co....l 2534 27*4 Sale 6 34 2 34 534 23 17 7 Sale Sale Sale 173 'iili Sale" Sale 64 19 Pleasant Valley Wine Co....1 250 Plough, Inc............ .* 250 Pneumatic Scale Corp Ltd. 10 1,200 3,200 Polaris Mining Co........25c 1,000 5,000 Feb. Feb. "27 82 Sale "2834 8 54 854 634 9 34 7 Sale 734 2>4 534 Sale 22M 2334 17 a 234 Sale 3 234 534 Sale 24 .2534 1834 Sale % 234 Sale Sale Sale Sale .50 Pittsburgh Plate Glass eom25 155 1954 108 34 Sale 34 54 8% 934 3,100 Potrero Sugar com..........5 9,400 Powdrell Ac Alexander com. .5 2 34 Sale Sale Sale 7734 Feb. 34 Feb. 1134 Sale 5634 63 7 734 Sale 102 J* 834 2 \H Sale a 234 29 12 7 234 Feb. 28 934 Jan. 19 26 o K 8 234 Feb. 634 Feb. 25 Feb. 834 9 8 2 834 234 Sale 434 Sale Jan. Feb. 6 98 Jan. Feb. 18 Feb. 17 155 Jan. 15 Feb. 74 63 Jan. 3 10534 Feb. 27 167 Jan. 17 Jan. 16 5 Feb. Jan. 24 Feb. 25 3 7134 Feb. 27 Feb. 7 634 Feb. 1 28 7 134 Feb. 16 43 4 1234 Feb. 5934 Feb. Feb. 14 734 Feb. 9 109 Feb. Feb. 9 Feb. 34 Feb. 1 9 Feb. Feb. Feb. 8 234 Feb. 1 Feb. 734 10034 34 834 1 14 24 Feb. 1034 Feb. 1 Jan. 53 4 11 2534 Feb. Feb. 99 8234 U* 27 3 Feb. Feb. 17 30 11 6 5 26 28 8 7 . 54 Sale 3 17 14 Feb. 9 8 34 1 an, 26 £1034 Jan. Feb. 934 Feb. 28 4 2 4 Feb. 734 Feb. 634 Jan. 12 734 Feb. 4 Feb. 16 11834 Feb. 16 11834 Feb. 16 11834 Feb. 16 9 9 Feb. 2934 Feb. 3034 Feb. 11 3034 Jan. 18 3 Feb. 27 Feb. 15 234 Jan. 24 3 Feb. 27 1 5 Feb. 2 534 Feb. 434 Jan. 30 634 Jan. 19 2 2 2334 Feb 2534 Feb. Jan. 20 2234 Jan. 30 29 16 Feb. 3 14 Jan. 26 1834 Feb. 23 1834 Feb. 28 Sale 109 534 Feb. 834 634 11834 2934 234 Sate 54 34 434 Sale 2534 Feb. 43 734 Sale 2 2 99 1 10534 18 155 17 15 4 8234 Feb. 20 65 25" 634 2% Sale 334 3 54 Pitts Metallurgical C0.....IO Pitts Ac Lake Erie RR 10234 Feb. Sale 69 1 Pioneer Gold Mines Ltd Sale 157 2534 7 VA 76 104 155 10234 Sale 166 225 Pitts Bessemer Ac L E RR...50 21,400 1,880 1,800 11,100 1,800 1,700 Feb. 39 Sale 15 98 34 6,900 Pitney Bowes Postage Meter* 800 1034 96 175 750 38 Sale 234 234 134 Sale 1 2 34 * 2,800 3,500 42 Sale ........ 325 Pennsylvania Salt Mfg.....50 200 Pennsylvania Sugar Co. 20 14",800 634 Jan. 5 34 J an. 834 Jan. 31 20 23 3234 Jan. 2934 Jan. 15 10834 Jan. 6 8334 Feb. 17 pref.... Pines Winterfront Co '4",200 Jan. Jan. Jan. 6 20 99 7 Feb. 20 334 Jan. 19 100 ""'loo 540 39 7 34 Penn Mex Fuel common...50c Pa Edison Co $2.80 600 35 29 preferred Penn Traffic Co 29,500 3,200 32 18 950 Peninsula Telep Co com 7% 5 2 34 634 4234 1034 34 Feb. 23 2 434 Feb. 54 28 9 14 7 Feb. Feb. 2 8 2 3 24 100 Feb. Feb. 6 Feb. 28 234 Feb. 8 6 4 Jan. Jan. 31 Jan. 31 Jan . 28 Feb. 734 Feb. Jan. 8 234 Jan. 734 Jan. 10 Feb. 1 43 Jan. 20 12 24 64 Jan. 4 14 Jan. 4 8 27 109 Feb. 28 . 34 Jan. 8k Jan. 16 Jan. 4 26 934 Jan. Feb. 7 Feb. 6 7 134 Feb. 16 234 Jan. 8 34 Feb. 23 334 Jan. 25 %A Jan. 434 Feb. 8 8 Power Corp of Can com.... 600 1,900 First preferred 2,100 Pratt At Lambert 7,600 ...100 ..... Premier Gold Mining • 1 50 75 Prentice-Hall Inc com......* 100 Pressed Metals of Amei.....* T.366 New common 1 1,500 2,100 Producers Corp 25c 5,400 Prosperity Co B common...* 700 1,500 300 825 Providence Gas Co.........* J* 35 22 £* 40 23 1834 234 3534 20 234 42 9 4% Sale 6$ 7 k 21 2 Sate 34 Sate 43 37 10M 434 Sale 5'34 734 734 634 Sale 1934 Feb. 4 Feb. 16 2 40 V Sale* Feb. 21 954 Feb. 4 2 34 Feb. 434 Feb. 20 734 Feb. 15 4,500 6,200 Prudential Investors com...* 6 50 400 $6 preferred .........* Public Service of Colorado— 92 98 pref..* 48 Sale 4734 Sale 58 Sale 4734 Feb. 36 preferred..............* 30 Sale 27 32 Sate 2834 Feb. 17 98 Sale 93 Feb. 2134 Sate 18 Feb. 4934 Sale 434 534 3834 Feb. 30 3,980 3,180 70 6% 1st preferred. 7% 1st pieferred 30 2,280 1,490 ...... 734 95 100 100 120 Public Serv of Ind pr Feb. 107 2834 Feb. 21 1034 Feb. 11 34 Feb. 2 5 Feb. 7 21 100 Feb. 20 2 7% Feb. 16 5V$ Feb. 14 10034 100 96 103 21 40 Feb. 28 Feb. 21 10834 Feb. 3 58^ Feb. 28 32 Feb: 28 98 Feb. 24 22 1 Feb. 1934 Jan. 2 9 2334 Jan. Jan. 11 1034 Feb. 11 % Jan. 4 5 i Jan. & 7 I Jan. 26 Jan. 534 Feb. 9434 Jan . 107 O 17 Feb. 21 40 A Jan. 434 Feb. 7 Jan. 234 Jan. 21 Jan. 3934 Jan. 23 34 Jan. Jan. 20' Feb. 21 7 100 Feb. 20 10834 Feb. 8 13 5834 Feb. 28 12 32 Feb. 28 4434 Jan. 2634 Jan. Public Service of Oklahoma— 6% prior lien pref......100 7% prior lien pref......100 {Public Utll Securities— 100 37 part preferred.. _....* 12,450 Puget Sound P Ac L 36 pf * 35 preferred 5,400 * 100 Puget Sound Pulp Ac Timb * 150 Pyle-Natlonal Co com 5 800 Pyrene Mfg...............10 93 Sale 18 Sale 1 10 6,275 3.775 200 350 "5Ji 454 118 150 75 400 1,100 Railway Ac Light Securities.* 11 600 100 300 3,750 Common................* 150 33 conv pref............ * Raytheon Mfg. com......50c 200 1,000 1,300 1,200 2,800 300 8,000 200 1634 H 6 34 Sale 155 17*4 38H Sate 434 123 154 Sate 1734 15034 154 1734 19 Sale 151 1734 Feb. 16 Red Bank Oil Co * Reed Roller Bit Co * Reeves (Daniel) com..... * 1734 38 3034 Sale 7 Oil Corp....50c *A 1034 9,200 Reynolds Invest 3,700 8,300 300 1,100 Vox footnotes see page Richmond Radiator com 1 Sate 18 38 41 134 2 3 34 Sate Sate 28 34 5 3 % 1234 Sale 534 334 9 18 40 Feb. 18 Feb. 25 134 Feb. 3 334 Feb. 18 28 % \ 1234 % Sate 434 434 334 Sale 1134 113 1734 Feb. 14 17 llM Feb. 28 10 Feb. 28 6 A Feb. 14 9 1134 Feb. 6 34 Feb; % Feb. 19 40 2 4 151 9 Feb. 9 Feb. 25 Feb. 1 Feb. 1 18 14 26 19 Jan. 27 9 Feb. 25 3 134 Feb. 334 Feb. 18 6 28 1 5 2 Feb. 28 Jan. 24 434 Feb. 23 234 Feb. 15 34 J an. 1034 Jan. 34 Feb. 434 Feb. 234 Feb. 30 Feb. 27 1 434 Feb. 24 334 Feb. 25 34 Feb. 11 34 Feb. 11 34 Jan. 13 12 34 Feb. Feb. 24 Jan. 31 34 Jan. 21 22 Feb. 6 Jan. 26 19 5 12 Jan. 534 Jan. 24 25 6 23 15 1134 Feb. 28 A Feb. 9 Jan. Jan. Jan. Jan. 3334 Jan. Jan. Jan. Feb. Jan. Jan. 4 Jan. 21 4P Rio Grande Valley Gas Co— Voting trust ctfe.........l 53, 34 34 34 %A 6 4934 Feb. Jan. 26 121 Feb. 23 Feb. 20 15854 Jan. 28 5 Jan. 17 k Feb. 14 1734 Jan. 26 40 %A Feb. 7 Jan. Jan. A Feb. Feb. 3034 Feb. Jan. 434 Feb. 11 Feb. 23 Feb. 1 9 11 634 Feb. Sate 800 Reliance El Ac Eng Co 5 com .......1 900 Rice Stlx Dry Goods Co.....* Relter Foster 1934 4234 Sate Sate 2 4 Feb. 'A Feb. 1134 Sale 434 Feb. 11 6 121 Feb. Feb. 20 154 115 120 118 1634 434 Feb. 11 534 115 14 3434 Jan. 12 4934 Feb. 5 11 400 Rys At Utll Invest cl A com..l Raymond Concrete Pile- 1,000 2,800 3,400 2,800 6,100 Jan. 24 98 Jan. 31 101 34 Jan. 1554 Sale 770 Quaker Oats com......... * 190 6% preferred...........106 550 Quebec Power Co ........* 50 93 101 34 Jan . YORK NEW 48 CURB NEW YORK EXCHANGE Jan. STOCKS (Continued^ far 450 Rochester G & E 6% pf D.100 50 100 6% preferred C 100 800 Roeser & Pendleton Inc— * Rolls-Royce Ltd— Am dep rets ord reg—.--£1 100 40C 200 100 200 """550 900 100 Sale 5 —100 * Schlff Co com 554 3 6 6 62)4 4)4 11 )4 42 2)4 65 5)4 Sale 44)4 254 .1* 58 Sale Sale 2)4 17 Sale 13 X 1H 1 2)4 2)4 % 225 3,800 7,400 7,700 11,500 2,200 Scranton-Spring Brook Water Serv $6 pref * Scullin Steel Co common—* 1)4 IX U X Sale 12 X Warrants Securities Corp Gen'l com..* _* common. 7,900 5,600 16,600 Segal Lock k Hardware com 1 250 100 700 400 18,600 Seiberllng Rubber com 450 Selby Shoe Co com 6,400 Selected Industries Convertible stock 1,100 $5.50 prior stock 1,050 * 1 5 19 1 1154 21J4 19)4 Sale IX Sale IX IX 29% 33 % Sale 6% Sale 1 11 6 1 13X Feb. 27 254 Feb. 2 Feb. 21 Feb. 25 % Feb. 2 Feb. 25 5 1 Sale 65 5X 1114 5)4 Sale 45 44 43 54 2X Feb. 9 27 4 10 12 Feb. 20 44 2)| 214 Feb. 4 > % Feb. 60)4 Feb. 3)4 Feb. 17 15 Sale * Sale Sale « 64 Sale 66)4 Feb. 18 5)4 Feb. 27 4)4 Feb. 1054 Feb. Feb. Feb. 954 Jan. 26 114 Jan. ,3 9 1% Feb. Feb. 5 43 26 3X Feb. 4 254 Feb. 57)4 Feb. 11 6 13 X Feb. 23 3)4 Feb. 59 54 Feb. 14 Feb. 1X Feb. 23 IX Feb. 1 Feb. 4 23 14 71 62 4)4 Feb. 10 4 Jan. Jan. 17 40)4 Jan. 28 5" 25 Jan. Jan. 17 Feb. 25 13)4 Feb. 27 2% Jan. 20 2 54 Jan. 4 54s Jan. 20 254 Feb. 24 9 54 Feb. 64 Highest Sale Prices Jan. 20 102)4 Feb. 3 104 Feb. 23 102 Feb. 100 3 Jan. 26 15 Jan. 14 4 1 9 54s Feb. 65 Sale 14 Sale IX Sale 22X 20 Sale IX Sale IX 114 30 34 54 % 514 Sale 1314 1)4 17 , Jan. 2X Feb. 4 26 7 4 k Feb. 17 55)4 Jan. 28 4 3)4 Feb. Jan. 5 Jan. 5 554 Jan. 20 3 1254 Jan. 44 Feb. 20 3 Jan. 3 X Jan. 3 Jan. Jan. 7 24 354 Jan. 7 17 5954 Feb. 6 17 Jan. 3 154 Jan. 4 56 6 1154 Jan. 24 1X Feb. 23 Feb. 4 11X Feb. 7 Sale 22 Feb. 3 1954 20 20 Feb. 24 20 Feb. 24 Feb. 4 27 7 12 Feb. Feb. 8 9)4 Feb. 1 )4 Feb. 1)4 Feb. 7 154 Feb. 28 1 % Feb. 17 3254 Feb. 28 3 % Feb. 6)4 Feb. 11 IX X « 12)4 11)4 Sale 134 1)4 Sale. 2 1 3254 Sale Sale 6)4 54 9% 62 67 68 % 1 7)4 60 8)4 Sale 59)4 65 6 14 7)4 63 6154 Sale 8 Sale 645* 1 6 10 32 Feb. % 5% 1254 54 Feb. 24 Feb. 20 Feb. 17 Feb. 23 1 254 Jan. 6 11 24 )4 o IX Sale 62K 25 Allotment certificates 650 3 Feb. 10)4 Feb. 114 Feb. IX Feb. X * 2,000 3 Feb. 15 11 5 6 454 3 102)4 Feb. 23 102 14)4 Feb. 25 11 175 500 Seeman Bros Sale 2 54e Sale 3H 58 H 17X 600 2)4 254 5 66 Scranton Lace Co common...* 400 13)4 154 oM Sale 63 """240 Mfg Co Scranton Elec $6 pref 20 Sale % 71 68 2554 4,400 Feb. Lowest Sale Prices 41 25 * Scovlll Highest Sale Prices 64 4 5 50 1 10,000 Salt Dome Oil Co 3,100 Samson United Corp com—.1 900 Savoy Oil Co .5 1,900 11,100 10)4 2)4 15X * „ Co. 7% preferred, St Regis Paper 225 75 14)4 7 X 42 54 Sale pref 15 2 Sale 29", 200 14)4 254 12 A $2 conv 300 Sale IX 2% 40 * Ask Ask Bid 100 Corp_.l Rustless Iron & Steel Lowest Sale Prices Feb. 28 1 Bid 102)4 Feb. 5 750 Safety Car Heating he Ltg 500 St Lawrence Corp Ltd 175 300 15)4 400 $2.50 conv pref „* 3,700 Ryan Conaol Petroleum....* 1,500 Ryerson & Haynes Inc com.] 100 400 2,400 1,700 15 13 28,000 1,700 10*966 Ask $1.20 conv preferred—_-20 500 500 Rossie internal Corp 50 Royalite Oil Co Ltd 1,550 Royal Typewriter com.___ 1,200 Russeks Fifth Ave Inc—2.50 800 7,900 Bid 5,600 Rome Cable Corp common..5 —S 3,300 Roosevelt Field Inc 1 3,100 Root Petroleum Co com 1,900 Feb. 1939 1 Shares Shares Tb Price Jan. 3 CURB Since February RANGE SINCE JAN PRICES IN FEBRUARY AGGREGATE SALES In EXCHANGE 1 1154 Feb. 2454 Feb. 24 27 6 14 Jan. 1 1 Jan. 11 Jan. 11 954 Jan. 21X Jan. 26 1154 Jan. 2554 Jan. 12 28 20 Jan. 9 2254 Jan. 17 21 Jan. 27 9)4 1)4 154 31X % 4% 1254 54 7 Feb. Jan. 26 Jan. 12 Jan. 28 Jan. 31 Jan. 27 Feb. 8 1354 Jan. 3 54 Jan. 1X Feb. 3 17 Feb. 28 Jan. 7 32| 5 654 Jan. 13% Feb. 6 Jan. 4 9 8 Feb. 6 6 Jan. 26 60 Feb. 1 10 64 Feb. 10 16 59X Jan. 6054 Jan. 26 63)4 Feb. 10 25 64 X Feb. 16 X Feb. 16 X Feb. 28 X Feb. X Jan. 16 X Feb. )4 Jan. 16 16 Jan. 6 24 9)4 Jan. 554 Jan. 20 64)4 Feb 7 Feb. 17 Jan. 28 27 3 9% Jan. 3 Selfridge Prov Stores, Ltd—« American dep rets £1 ...1 800 Sentry Safety Control Strrick Corp class B com 1 100 % X 2 X X Sale 3 2 "read "3", 200 • 6)4 25,900 2,700 1 58,700 Seversky Aircraft Corp 10,800 Shattucb Denn Mining.....5 700 Shawinigan Water fit Power.* 5,650 Sherwin-Williams Co com..25 280 5% cum pref A A A 100 554 6% Sale 3% Sale 21 Sale 3 7 20 X 20 500 1,650 170 Seti n Leather com ... 500 Slmmons-Boardman 7% 5)4 2 8 Sale 7)4 21)4 9 9)4 25 * 5 Sale 7 X Sale 21 100 225 25 Sioux City G 8c E 7% pref.100 Solar Mfg Co Sonotone Corp Soss Mfg Co Mills.* 1 1 1 1 900 South Coast Corp com 400 600 25 5,900 Sou Calif Edison pref B 5,600 5^% pref class C_ 25 1,400 5% original pref —..25 100 300 Southern Colo Pow cl A..25 10 7% preferred 100 160, South New Engl Telep Co. 100 10 500 Southern Pipe Line. 1,100 Southern Union Gas com— * 1,900 3,500 7,500 Southland Royalty Co 4,900 South Penn Oil .5 25 50 200 So West Pa Pine Lines "*l66 100 800 1,300 "266 3 Feb. 21 4)4 Jan. 6)4 Jan. 26 9 Jan. 3 Feb. 18 6 Feb. 21 Feb. 21 102 Jan. 27 Ill Jan. 18 Feb. lo 114 7 4 2 112 Feb. 15 114 Jan. 27 Jan. 5 14 Jan. 5 Feb. 21 105 10)4 12)4 Sale 13 "13 )4 Sale 1X 3 2% IX 2)4 Sale 2X Sale 254 IX Sale 2X Xt Feb. 1254 Feb. v, 8 6 Xt Feb. 1154 Jan. 6 Xt Feb. 6 13)4 Jan. 21 13 X Feb. 25 Feb. 2 IX Feb. 2 15 2% Feb. 2)4 Feb. Feb. 207 84)4 Feb. 24 215 a4 Feb. 27 3 Feb. 27 10 1 6 Feb. 27 c4 Sale 3)4 Sale 1)4 Sale 5% 5)4 254 2X 28 X 27X 42)4 1% Sale 27 X Sale 295 27 X 3)4 1X 5 254 Sale 2754 254 1)4 454 154 29 4 2)4 3)4 Sale 5)4 2)4 Sale 27 X 28 """500 17 6X 33 19X Sale 6 4 154 Jan. 30 IX Feb. 15 207 Feb. 3% Jan. 84X Jan. Feb. 6)4 Sale 32 X Sale 20 Feb. Feb. Feb. Feb. 7 2 9 2 2 Feb. Feb. 16 7 Feb. Feb. 17 3 2154 Jan. 9 2% Feb. 10 3 Jan. 24 219 Jan. 6 3% Jan. 84X Jan. 4 3 4 3 Feb. 3354 27 1X Feb. 17 454 Jan. 13 154 Feb. 23 2854 27X 4154 154 3 Feb. 4 Feb. Feb. Feb. Feb. Feb. 11X Feb. 17 17 50)4 Feb. 17 42 Jan. 7 Feb. Feb. 28 148 Jan. Feb. 6 7 20 150 20 6 21 1 4 154 Feb. 10 11)4 Feb. 21 6)4 Feb. 28 32X Feb. 24 34 Feb. 6 11 19 Feb. 6 18)4 Feb. 3 9 6 150 Feb. 7 4 3)4 Jan. 154 Jan. 11X Feb. 5% Jan. 32 1)1 Jan. 5)4 Jan. 254 Jan. 29)4 Jan. 26 28 Jan. 5 7 4354 Feb. IX Jan. l7 50 X Feb. 17 Jan. Jan. Jan. Feb. 29X 2754 4354 154 27X Feb. 2X 8 3X IX 5)4 2)4 Feb. 28 IX Jan. 12 Jan. Jan. 12 12 3!ig 18" Jan. 17 32)4 10 New 29 154 50X Y4. 14854 148)4 152 14654 152 4 Sale 4 3)4 3)4 IX 2)4 154 154 154 IX 17)4 5X 32% IX Feb. 17 454 Feb. 6 154 Feb. 23 43 "1"54 2 142" 155"" 3)4 IX 3)4 154 454 2)4 25 Preferred A 75 2o 2,700 2,000 5)4 Feb. 25 7)4 Feb. 21% Feb. 108)4 Feb. 7 14 40 100 200 800 14 18 * Organ Co Smith (Howard) Paper 8,000 10,400 2,600 14 Feb. 9 112 109 2054 Singer Mfg Ltd— Am dep rets ord reg shs.. £1 2,800 4,300 1,300 3 — 11,300 Simmons H'ware & Paint Co • 3,300 Simplicity Pattern Co .1 460 Singer Mfg Co 100 nner 7X Feb. 4)4 Feb. 654 Feb. Pub Corp conv pref 1,125 18 3 * 125 Sherwin-Williams of Can Shreveport Eldorado 100 Pipe Line stamped... 1,200 Silex Co (The) common 100 7,900 2,800 X Feb. 16 )4 Feb. 28 200 200 Jan. 18X Feb. Jan. Jan. Feb. 18 19 4 6 Spanish 8c General Corp Ltd Am 1,200 Tioo 950 ord reg shs—£1 dep rets ord bear—1£ X Am dep rets Spencer Shoe Corp — * 2,800 Stahl-Meyer Inc com....—* Standard Brewing Co * "2,755 Standard Cap & Seal com—1 Conv preferred. 10 2,350 nX» 3 154 X 16 X 21X Sale )4 34 2)4 2)4 X 3% 2)4 34 Sale Sale Sale 54 34 X 2X 154 3 3 16M Sale 54 3 Sale X X . 16 Feb. 3 Feb. 21 154 IX IX Feb. 1154 12% Feb. 9 954 11 Sale 18 Feb. 18)4 Sale 6 Feb. 6)4 Sale 6)4 6)4 Feb. 19 19 54 1654 19)4 20X Sale Feb. 104 104 103 X 105 % Sale IX Sale X Feb. 1 1 Feb % 1)4 27 24 16)4 Sale 22)4 Sale Feb. 16 Feb. 4 254 Feb. 1 h Feb. 28 22 1554 22)4 xAn Jan. X Feb. X Feb. 3 17)4 Feb. 4 23 Feb. 11 2 2 54 Feb. 4 154 Feb. 28 15)4 Jan. 21)4 Jan. X Jan. 7 27 3 3 3 Jan. 16 3)4 Jan. 12 17)4 Feb. 23% Jan. Standard Dredging Corp— 300 2,650 18,400 1,400 4,200 800 $5)4 P'«* w w..* Standard Oil (Kentucky)..10 Standard Oil (Nebraska) 25 Standard Oil (Ohio) com..25 800 5% pref 100 575 6,100 700 350 3,700 4,900 6,500 20 $1.60 conv preferred 100 7,600 1,100 ..1 Common 2,200 '"*450 Stand Invest 1 17,100 Standard Power & Lt com Class B common * 1,100 $7 preferred 1,050 * 1 6,000 Standard Products Co 1 7,700 Standard Silver Lead 31,200 Standard Steel Spring Co..5 300 Standard Tube class B 100 Standard Wholesale Phos 17,800 Starrett (The) Corp v t c_.l 20 20 600 1,600 75 100 Stein (A) Ac 150 150 2,200 500 4,300 1,150 1,400 650 600 Co 1754 6)4 Sale 6)4 19 20 101 104 1 Sale % com 6)4% preferred • ..100 Sterchl Bios Stores Inc.....* 6% 1st preferred., 5% 2d preferred 4,300 Sterling Aluminum Prod 2,900 Sterling Brewers inc.. 13,075 Sterling Inc 2,325 Stetson (John B) Co com 3,300 Stinnes (Hugo) Corp 1,300 Stroock (S) & Co Inc 1,200 Sullivan Machinery Co "30", loo Sunray Oil 2,200 5\4% conv preferred 4,700 Superior Oil Co of Calif 400 1,400 Superior Portl Cement A Class B 900 1,000 10,800 5,800 4,600 1,100 2,100 27,200 common Taggart Corp com Tampa Electric Co. Tastyeast Inc class A.. 9X *4 53. 9 Sale X 22)4 2)4 Sale 3)4 Sale 254 k 154 V* Sale ix 2)4 354 "11)4 ~12X 1054 '"354 "354 9)4 9% Sale o 2954 Sale Feb. 6 7 10)4 Feb. 4 1 18X Feb. 16 654 Feb. 10 21 14 20 Feb. 24 1 105X Feb. 23 6 18 1)4 Feb. 6 6 1 Feb. Feb. 21 8)4 Feb. *A Feb. 27X Feb. 3 17 9 154 Jan. 12X Jan. 9 Feb. 16 23 7 2)4 Jan. 12 X Jan. 12 Jan. 21 21 3 Feb. 21 654 Jan. 14 18)4 Feb. 16 21 % 17X Jan. 6 6 Jan. Jan. 30 54 Jan. 54 Jan. Jan. 23 19 12 4 105)4 Feb. 1 Feb. 23 19 Jan. 4 Jan. 24 8)4 Jan. *4 Jan. 28 Feb. Feb. 24 9 Jan. 9 102 6 6 37X Feb. 10 Feb. 24 3 % Feb. 3054 Feb 27 20 Jan. 11 Feb. 8 31X Jan. 2)4 Jan. 21 2 26 4)4 Jan. 4 254 2 Feb. 8 2 Feb. 8 4 2 Sale 13 354 11 354 Feb. 7 3% Feb. 2 13 8 X Feb. 106 4)4 "3 X 11 Feb. 18 8 4)4 Feb. 3 Feb. 8)4 Feb. 20 Feb. Feb. Feb. Feb. Feb. 24 6 16 3 107 3% "4)4 1 1 1 * 6 6)4 3)4 Sale 3X 3)4 154 1034 5 * * Sale 11 1 Sale 50 25 * Sale Sale 3 3)4 Sale Sale 2)4 354 Sale * 1 8Kb 8)4 8)4 954 9)4 11 2)4 Sale 36)4 40)4 Sale 32 3 Sale Sale 1 9)4 P siH 41 iiH Sale Sale 4354 Feb. 3% Feb. 30 Sale 28 6 24 3)4 Jan. 554 2 54 3)4 654 54 854 8 Feb. 18 107 2 3 30 Feb. 7 17 4 Feb. 4 354 Feb. 754 Feb. 27 7 X F6b. Feb. 18 9 Feb. 17 8)4 Feb. 16 2 1 1 Feb. 7 11)4 Jan. 21 10)4 Jan. 26 Feb. 18 107 Feb. 18 107 8 3 54 Jan. 24 4X Feb. Jan. 28 13 30 Jan. 3 Feb. 4 Jan. 54 Feb. 854 Feb. 17 1 8 17 5 Feb. Jan. 2 18 26 17 8)4 Feb. 20 5 6)4 Jan. Jan. 10 Feb. 24 Jan. 13 Jan. 24 Jan. 13 7)4 554 254 3)4 4 5 754 Feb. 27 Jan. 9)4 Jan. 9)4 Jan. 14 6 3 Feb. 24 254 Feb. 6 34)4 Feb. 27 33 Feb. 24 10 42 Feb. 24 40 Jan. 24 254 Feb. 38)4 Jan. 4354 Jan. 6 3 Feb. 5)4 Jan. 7 5)4 Jan. 7 2)4 Feb. 33 40 3 * 1 * ..1 Taylo. Distilling Co ..1 Technicolor Inc common...* For footnotes see page - 50 20 100 Swan-Finch Oil Corp .....15 2,500 2,600 J* 2)4 13)4 10)4 32 Sunray Drug Co common...1 22",500 IX 2 1254 * Steel Co of Canada ord """466 2X 13 Sale 20 Acid Works. 4,300 1 & 1)4 11X 12 5 6)4 4)4 5 36 Sale g Sal?' 22 X Sale 454 4% 35)4 % 54 19)4 6 Sale Sale 7/u Sale Sale 4)4 454 3354 ^ 6 4)4 3454 o > 54 Sale I9u Sal a 454 Feb. 25 3354 Feb. 21 % Feb. 9 54 Feb. 1 1854 Feb. 11 4% Feb. 35)4 Feb. % Feb. %Feb. 454 Feb. 25 3354 Feb. 21 H Jan. 4 19X Feb. 17)1 54 Jan. Jan. 3 26 5)4 Jan. 5 36)4 Jan. 10 % Jan. 9 % Feb. 6 22% Jan. 3 March, 1939] NEW CURB EXCHANGE YORK AGGREGATE SALES PRICES IN FEBRUARY NEW YORK CURB EXCHANGE Since In February Price Jan. 3 1939 Jan. 1 Shares Shares STOCKS (Concluded.) 4,375 3,975 180 Par Term El Pow 7% lac pr«f 100 350 Texas P & L 7% pref..._»10-) 6,600 Ttton Oil A Land Go. .....2 4,300 2.150 Thew Shovel Go common 5 3,900 TUo Roofing Inc ..1 200 Tishman Realty 9c Constr..* 400 1,000 100 50 50 Tobacco A Allied Stocks....* Bid 70 87 3] 14 J 15 9.700 Tobacco Prod Exports. .* Tobacco Secur Trust Co Ltd 1,500 Am dep rets ord rag sh»..£l 1,100 Am dep rets del reg 5s 1,850 Todd Shipyards Gorp .* ... 10 "T.700 160 Toledo Edison 0% 90 7% preferred A ""3",§56 3,100 4,700 3,000 pref-.lOO Tonopah Belmont Devel_.lOc Tonopah Mining of Nev 1 200 Trunx Pork Stores Inc......* Tublze Ghatlllon Gorp— 17,400 Common.. 1 1,400 Glass A ........1 3,700 Tung Sol Lamp Wks com 1 2,100 80-cent div pref_.........* 500 1,200 800 100 "2".666 400 Ulen & Co series A pref * Series B pref * """§66 Unexcelled Mfg Go Inc.....10 3,600 " "3",600 ------ 5~306 IX 55 , 4% 4% 14% 16. Sale 3 64% Sale 1U \H 73 15 14% Feb. Feb. Feb. Feb. 13 2 3 67 4% AH Feb. 4X Feb. 60 Sale 14% AH 76 Feb. 12 13 15 , 82 13 59 16 AH 78 80X Sale Highest Sale Prices 71 Feb. 3 101% Feb. 17 24 3 % Febr 1 15 13% Feb. 27 7 14% Feb. 6 3 2 Feb. 3 9 60 Feb. 9 2 a Sale 5% Sale 78 7% 12 % Sale 36 Sale 2% 2% Union Investment Go com..* Unioa Premier Food Stores. 1 13 25 Union Traction Co........50 8% 11X Sale 31 29 6% 7 6% 5% Sale 3 5% 1% IK 12 % 13% 3% 4% Union Gas of Canada ......* Sale 4% 4% % Sale 2 Sale 2% Sale 3X 7X 3 3 5 5 3 IX 12 X 2 12X 2 IX Sale 4 13 4 X IX 4X8 Sale Sale 9% 11X Sale Sale 32 X 3 7X Sale Feb. 81 3 103 2 14 IX Feb 6 4 Feb. 24 Mi Feb. 25 27 Feb. 23 Feb. 3 X 2X 4% % Jan. 17 2 Jan. Feb. 9 60 Feb. 9 4% Feb. 6 4% Jan. 7 2 ' 60 24 20 15 1% Feb. 20 1% 73% Jan. 30 81 100X Jan. 16 103 107X Jan. 26 111 2 Feb. Feb. 24 7 Feb. 1 Feb. Feb. 6 11% Feb. 32% Feb. 28 Feb. 3 Feb. 4 Feb. 23 10 6 8 7% Feb. X Fen. 14 IX Jan. 26 Feb. 4 23 %, Feb. 25 Jan,, 1,6 9X Jan. 26 28% Jan. 30 2% Jan.' 25 "OH Jen, ~ Feb. 23 4 1 13 X Feb. 16 12%~Feb"."3 13%Feb". 17 12% Feb. 4 5 15 Jan. 15% Jan. 4 4 17 8, 7 4X 2% 4X IX IX 12 X 13 X 3 4X 13 X Sale 2 4X 12 Jan. 12 % Jan. 14 X Feb. Feb. 6 17 Feb. 24 10 101% Feb. 24 4 Jan. Jan. Feb. 3 14% Feb. 21 IX Feb. 23 3 4 99 09% Jan. 94 14X Feb. 20 IX Feb. 20 10% Feb. 21 30% Feb. 1 Sale Sale^Pfic^ 4% Feb. 24 X Feb. Sale X 7X Highest Sale Prices 6 76 103 1 Lowest Sale Prices 99 Feb. 6 ...100 9,400 Trans-Lux Pict Screen com.l 9,600 Trans western Oil Co......10 5,400 Trl-Gontlnental Gorp Warr.. 4,900 77 101 % 13 X 3 14% IK 14 12 RANGE SINCE JAN. Lowest .. Ask Sale 97 X Sale 99% 100 101X 100 3 3% Sale 3X Sale 15 Sale 67 Feb. 28 Ask Bid Bid 71 96% Sale 94 Sale 4% 1,300 1,100 Feb. 1 Ask 1% 57 3,900 425 411 Jan. 12 Feb. 23 Feb. Jan. ;Jan. 23 23 - 9 X Jan; 11 9 2% Jan. 6 5% Jan. % Jan. 20 8 i Jan. 16 12% Jan. 4 36 Jan. 3% Jan. 3 20 7% Jan. 11 5% Jan. 18 Feb. 23 12 1% Jan. Jan. 4 30 its 12% Jan. 2% Jan. 27 3 13% Feb. 17 2% Jan. 3 4% Jan. Feb. 27 27 40 Jan. 12 Jan. 12 United Chemicals Inc— 200 1,400 300 300 56,200 3,300 25.200 7,600 800 Common.................* 3% 4% S3 cum partlc pref...... * 111,700 Un Cigar-Whelan Stores. 10c 42% 44% 13,400 United Corp warrants....... 86,800 United Gas common .......1 12,910 $7 1st non-vot pref.......* 5,800 Warrants ... 180 19,300 6,900 38,800 50 25 200 United G 9c B 7% pref... 100 51,100 United Lt 9c Power com A...* 14,100 Common class B_........* 79 400 $6 1st pref .......* 50 United Milk Products com..* 50 S3 preferred..............* 1% X 3% 84% Sale Sale Sale Sale "A mJX 75 % 80 2% Sale 2 2% 30 68 Sale 20 X 80 5 5% 19 4X 37 IX X 6 42X Sale 7/u 2X Sale 86 X & 79 X Sale % 82 2X Sale 2X 2X Sale 19X 20X 70 Sale 28 X JH 40 IX a V4 Sale Sale % 2% 2X 33% 20X Sale Feb. 8 85 X 87 Sale Sale Sale 22 X - 70 27 6 A Feb. 2% Feb. 11 2X Sale 88 9 Feb. 1 Sale 83 X 4% Feb. 38 73 - 4% Feb. 9 Feb. 25 40 38 4 1 IX Feb. X Feb. 3% Feb. 6 Feb. 6 6 Feb. 4 89 % Feb. 3 4 % Feb. 86% Feb. 25 82 Feb. 2% 2% 28% 20% 1 Feb. Feb. 20 1 Feb. 4 Feb. 70 Feb. 8 1 - 4% Jan. X Jan. 2% Jan. 23 76% Jan. 16 7 % Jan. 80 Jan. 9 5 2% Jan. 2% Jan. 26 27% Jan. 12 20% Feb. 24 69% Jan. 31 3% Jan. 3 20 4 Feb. 6 % Jan. 89 * Feb. 6 2% Feb. 34% Feb. 3 4 21 Feb. 7 70 Feb. 1 6 9 Feb. 25 1% Jan. 9 % Jan. 21 86% Feb. 25 Jan. 19 2% Jan. 34% Jan. 20 20 Feb. Feb. 7 1 3 21 70 United Molasses Co Ltd— 100 10 600 200 Am deo rets for ord reg 60 United N J RR 9c Canal.. 100 900 Unit Profit Sharing com..25c 10% preferred...........10 T.ooo "6"200 3,500 5.525 11,900 10,700 430 740 700 4.500 4,900 800 1,300 350 1.400 550 500 900 200 1,900 2,100 6,600 — 2,900 150 1,700 400 1,500 1,425 "3". 156 450 2,100 2,700 40.200 United Shipyards class A...1 Class B __1 United Shoe Mach com....25 Preferred 2,200 United Specialties 21,300 850 U S Playing Card Reclaiming....* 400 U S Stores Corp com....... 400 $7 Conv 1st pref......... 700 3,700 "'"200 Sale Sale Sale Sale 4% 4 8 10% IX IX 79% Sale 43 Sale 3% 3X Sale 1% 27% IK 29 Sale Sale 4 K. Sale 2%. 2% 16 24 % IX Sale 29% 31 12>4 14 21X 22% 4 Sale 2 2X . 5% Feb. 24 Feb. % Feb. Universal Pictures com.....l Universal Products Co.......* Utah Idaho Sugar Co.... 5 Utah Pr & Lt $7 pref......-* 1 2X 12X 3% 13 5X 2X 16 4X 14 7 Sale 16 "T~ % Sale 49 Sale 5% Feb. 24 15 242 Feb. 1 X Feb. 10 X Sale IX Sale 84 Sale "§% Sale" 5 5X 65* 8& 31X 15% 23% 3% Sale** 15X 23X 4 2 2X 10% Feb. 1% Feb. 78 Feb. 3 4 10 4 42% Feb. 3% Feb. 17 4% % 62% 1% 9 Feb. Feb. 27 7 Feb. 2 Feb. 31 14 21 Feb. 27 Feb. 4 Feb. 7 Feb,. 1 Feb. 11 4 2 3% Feb. 23 15 4,400 Utility Equities 1.675 com .......* 2,400 Utility A Ind Corp com 5 4,600 Conv preferred......._...7 45.600 tUtll Pow A Light com.... 1 Class B common.. 1 7% preferred 2 2K 53X 52 $5.50 priority stock...... 100 ft IX a 13^ 1 5 2 27 5,800 Van Norman Mach Tool com 5 5,900 Venezuela Mexico Oil ...10 11,100 Venexuelan Petroleum l 27 400 $4 conv common... pref ..... 240 Virginia Pub Serv 7% pref 100 900 Vogt Mfg Corp.............* 10,300 Waco Aircraft Co......... 7,600 Wagner Baking com v t c * 7% preferred...........100 ""'466 900 IX iu Sale 52 X 55 IX 2 Sale 30 Sale 7% Sale % Sale ~8% ""§% 7X 7X 49% 61% '8 X 14 X Sale Sale Wahl (The) Co common....* 12 X IX 27% 22 X OX 7X 7 5 800 Weisbaum Bros-Brower Co.. I 10% 4,900 Wellington Oil Co common.. 1 3% 3,200 2,400 6,100 Wentworth Mfg Co.. 1.25 6,400 Western Air Express Corp__l 3% X Sale Mi Feb. % Sale X Feb. 2X Sale 2% Feb. 14 10X 4 Feb. 4% Sale 12X 13% 3125* Feb. 7X 8 OX Feb. 19 Sale 17 X Feb. X % Feb. X 60 Sale 55 Feb. 10 X Feb. 21 6 1% Feb. Feb. 28 78 43% Feb. 3 X Feb. 2 42 9 3% Jan. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 2 84 5% X 65X 1% 31X 15X 23% 3 3 5 Feb. Jan. Jan; 16 5 10 1 1% Jan. 4 28 28% Jan. 5 24 13 21 «2 S 2 4% Feb. 25 19 2 Feb. 23 Feb. 28 X Feb. 14 60 8X Sale i* 1<Z sail1 ..J 2% 11 4 2% 3X 2 Sale 51% 52% M» Sale IX IX X % X X 13X Sale IX 2 20%: 27% 20% Sale Sale % Sale OX "T% ~~8% OX Sale 8% Sale „ Feb. 28 1 3X 2% 4% 4 Feb. 20 Mi Feb. 17 1% Feb. 2 X Feb. 10 X Feb. 25 12 Feb. 21 1% Feb. 26 Feb. 2 18 22% Feb. 7 OX Feb. 25 % Feb. 27 40% Feb. 1 2 Feb. 2§ 7 52% Feb. 2 Ka Feb. 6 1% Feb. 1 X Feb. %iFeb. 20 7 13% Feb. 2 Feb. 7 27X Feb. 14 28 Feb. 20 6% Feb. % Feb. 48 4 9 Feb. 27 8% Feb. 7 8 Feb. 15 6 Feb. 1 7% Feb. 18 7 Feb. 1 9 Feb. 24 Jan. 3%Jan. 26 Jan; Jan. 25 Jan. % Jan. 24 3% Feb. 23 Jan. Jan. Jan, *A Jan. % Jan. 2% Feb. 14% Jan. 3% Jan. 12% Jan. 6 Jan. 15% Jan. X Jan. 49 Jan. % Jan. 4 3 1 Jan. 2% Jan. 11 5 3 24 28 19 26 26 17 3 30 Jan. Feb. Jan. Jan. Jan. Jan. Feb. 12 Feb. 21 1% Jan. 11 26 * 9 27 1% 1% 49% % 1% % % 22% 6% % 38% 5 5 3 5 4 4 26 14% Jan. 24 4% Jan. 10 Feb. 2 Feb. 23 19 Feb. 28 % Jan. 3 60 Feb. 28 14 8 1% Jan. 2% Jan 53% Jan. 31 4 17 24 % Feb. 2 16 1 % Feb. 3 X Jan. % Jan. 16 Jan. 6 11 12 18 2% Jan. 5 25 Feb. 18 Jan. 24 Jan. 24 Feb. 27 Jan. 24 30 28 17 Feb. 20 Jan. 7% Jan. % Jan. 48 3 5 Feb. 27 Feb. 15 8% Jan. 4% Jan. 6% Jan. 24 30 7% Feb. 18 5% Jan. 24 A Feb. 4 1% Jan. 25 6% Feb. 28 1 Feb. 28 1% Jan. 7 8 9 5 Feb. 24 Sale IX 12 5% 3% 3 4.X 5% Feb. 10 Mr Feb. IX Feb. 11% Feb. 4 1 16 5% Feb. 27 3% Feb. 2% Feb. 3% Feb. 7 2 7 6% Feb. 28 Feb. 28 1% Feb. 1 1 12 Feb. 25 5% Feb. 23 3% Feb. 24 2X Feb. 14 4% Feb. 24 8% Jan* 4 12 Feb. 25 4% Jan. 19 3% Feb. 7 5% Feb. 23 2% Jan. 6 3% Jan. 27 2% Feb. 14 4% Jan. 5 5 Jan. 5 ' 7% 1st.preferred.. ...100 Western Tablet A Stationery 50 Sale 150 Common.... 625 Westmoreland Coal Co.....* 15 16 Westmoreland Feb. 28 25 Feb. 7 Jan. 1H ,0% Sale IX 11% 4% IX Feb. 51 Jan. Jan. 1 Feb. 11 2% Feb. 28 18 3 3 4% 6 3 2 4 Feb. 11 26 11 Feb. 21 Feb. % Jan. Feb. 8 Feb. Jan. 62% Jan. 5X Feb. 24 14 10% 1% 85% 11' 43% 26, 28 7 Jan. 25 v'2- 17 Feb. Jan. Jan. 9 Feb. 14 1% Jan. 5% Feb. 24 4 4% Feb. 4 X Feb. Jan. 10 5 25 242 16 24 1 2 16 Jan. X Jan. Grocery com.....20 Western Maryland Ry~~ 140 2 29 X 24 OX OX Sale 600 Western X Sale 4o"i Sal? 6* Waltt A Bond Inc class A..* Class B ..... .* 5% Jan. 237 1 500 Utah Radio Products com..l 2,300 Walker Mining 2,000 Wayne Knitting Mills 75 5X 12 10 900 800 300 200 50 5X X Sale 5% Sale % % Insurance.. .....8 7,200 Valspar Corp 5.400 12% .... 2,000 60 8 101 II 85 43 100 Universal Con sol Oil Co...10 5,300 Universal Corp v t c........1 300 Universal 2.000 1,250 3,600 2,750 5% 242 2,800 United Stores Corp com vtc * 9,200 United Verde Extenolon..50c 15,600 United Wall Paper 2 900 6.800 10 com... 3,700 U S Plywood Co common....1 900 $1.50 conv pref..........20 2,200 U S Radiator com... ....1 2,700 U S Rubber 3,000 600 * 6,100 USA Internat Sec com....* 2,000 1st preferred with warr...* 3,400 U S Linos Inc pref.. ......* 500 3.800 common. 1 U S Foil class B 1,400 125 25 5 Jan. 28 50% Jan. 4 14% Jan. 24 Jan. 6 15 10 Feb. Jan. 6 9 86 Jan. 1 Jan. 4 28 40 13 9X 15 13 15 Sale 15 Feb. 15 6 9X Feb. 9% Feb. Feb. 1 9 ' Inc........ West Texas Utilities Co— 60 700 200 100 300 160 $6 preferred.............* W Va Coal A Coke com.....* 600 Weyenberg Shoe Mfg Co....l 300 Williams (R C) A Co .* 90 Sale !X Sale 5% 6% 5% 6% 3 2% 9 7% 4,900 1.600 1,100 Williams Oil-O-Matlc Htg...* 4,600 Wilson Jones Co com......,.* 8*3 Sale 45 700 Wlllson Products Inc.......1 170 Wisconsin P 9c L 7% pref .100 500 Wolverine Port Cement 3 500 2,400 10 3,100 14,100 6,000 Wolverine Tube Co com.. 2 3,300 Woodley Petroleum Corp...l Woolworth (F W) Ltd— Am dep rets ord shs 3,400 ...5s 52.500 Wright-Hargreaves Ltd.....* 2,000 7,800 Yukon Pacific Mining Co...5 600 For footnotes see page 53* 8 9 90 1 6 5% 2% 8% Sale 8 91 3X 8X Sale 6% 6 8 Sale IX Bale 3 OX Sale 6 Sale 13% 14% 8% Sale 1% 1% 1% 6% 6% 2% Sale Sale 8% Sale 1% Feb. 1 Feb. 1 Feb. 3 Feb. 10 Feb. 20 Feb. 4 92% Feb. 25 IX Feb. 1 6 Feb. 2 5% Feb. 10 2% Feb. 23 8X Feb. 27 9 2% Sale 7% Sale 5% 6 15 1% 5% 5% 2% 7% 1% 88 2% 6% 5% Feb. 9 Feb. 2 Feb. 11 Feb. 23 14% Feb. 8% Feb. 8 1 1% Feb. 4 91X Feb. 21 2% Feb. 2 7X Feb. 28 6 15 5% Jan. 3 5% Feb. 10 2% Jan. 26 7% Feb. 8% Jan. 84% Jan 4 . 2% Feb. 92% Feb. 25 1% Jan. 5 Feb. 2 6% Jan. 18 6 3 Jan. Jan. Jan. 91% Jan, 10 9 6 4 7 20 2 2% Feb. 2 1 5% Jan. 26 5% Jan. 26 8% Jan, 6% Jan. 3 10 Feb. 21 13% Jan. 23 Feb. 8% Feb. 27 8 Jan.' 3 1% Feb. 1 Jan. 26 4 15 Feb< 21 8% Feb. 27 1% Jan. 6 \ 50 NEW YORK CURB AGGREGATE SALES In February Shares 1,943,000 183,000 616,000 172,000 342',666 is",600 232,000 EXCHANGE PRICES IN FEBRUARY NEW YORK CURB EXCHANGE Since Jan. 1 Feb. 1939 Bid Shares BOftDS 2.327,000 Alabama Power 4H« 1**7 232.000 1st 4c raf 8a 1994 748,000 5a 1448 295,000 lat 5a —.1944 5a reglatered————1946 564,000 lat* raf 5a— 1451 5a Registered......... 1951 43,000 Aluminium Ltd 5a.......1948 482,000 A mar Gaa * Blac dab 5a ..M38 RANGE SINCE JAN. 1 Price Jan. 3 Ask Bid 84 5* 96 Ask Bid Ask 1035* Sale 103 Sale 955* Sale 10354 Sale 1005* Sale 106 Sale 98 5* Sale 99 Sale 1045* Sale 8154 Sale 9654 Sale 865* 88 106 1065* 1085* Sale Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Feb. 28 1 Sale 97 845* Feb. 9854 Feb. 8954 Feb. 103 Feb. 9554 Feb. 28 10354 Feb. 28 815* Jan. 3 9554 Feb. 28 27 10354 Feb. 28 96 87 Jan. 1005* Feb. 28 Feb. 28 102 Jan. 24 106 28 98 Jan. 30 1045* Feb. 28 Feb. 25 10554 Feb. 18 1055* 1065* 1045* 1055* 104 Sale Feb. ' 1085* Feb. 21 109 1085* Sale 104 8954 Sale 99 Feb. 106 1 1045* Feb. 109 Jan. 1005* Feb. 28 Feb. 25 Feb. 28 1065* Jan. 17 1085* Feb. 21 1095* Jan. 10 2028 5a called.... American Powar * Light 516,000 90,000 12,000 18,000 8,000 21,000 4,000 65,000 414,000 308,000 8,000 886,000 4a 3014 90,000 6a Reglatered 2016 22,000 Amer Radiator deb 4 He. 1947 46,000 American Seating 4a stpd 1944 . 8,000 21,000 34,000 199,000 921,000 851,000 13.000 213" 000 Arkanaaa Pr * Lt 5a.....1954 4H« reglatered........1948 As 1448 5a registered.......... 1968 4He aeries C—-----—-1949 5Ha 1977 Conv dab 5s 1950 .... —... 13",000 1953 1948 Aaaoclated Blec 4Hs Aaaoc Gaa * Blee 4H« 572,000 6,000 62,000 Feb. Feb. 18 9 88 Feb. 8 1065* Feb. 1065* 1065* 10654 1065* 10654 Feb. 100 Feb. 16 1015* Feb. 1015* Sale 1015* Sale 3 105 100 Jan. Feb. 28 9354 Sale 8854 Sale 43.000 454,000 2,000 5a registered..........1950 98,000 Aaaoc Tel * Tel «H« A -1955 93,000 Atlanta Gas Light 45*s-1955 147,000 Atlantic City Elec 354s—1964 Avery (B F) Sons 5s w w—1947 28,000 5a ex-warr—..........1947 . 875* Feb. 1 95 Feb. 3 92 88 Sale 100 100 54 107 Sale 10954 Sale - 522,000 157,000 27,000 148,000 2,000 38,000 Appalachian El Pow 45*s 1948 4a 1963 Appalachian Power 4a...2024 Ark Loulaiana Gaa 4a....1951 85 5* Sale 105 1185* Sale Sale 10154 Sale 102 5* 122 120 Sale 47 Sale 33 35 34 Sale 32 33 43 Sale 46 3054 Sale 39 405* 35 Sale 32 7354 1035* 7554 104 5* Sale 93 915* 85 89 122 1045* Sale 10354 Sale 1035* Sale 1045* Sale 54 Sale 4854 Sale 29 35 315* 32 35 54 Sale Sale Sale 33 5* 46 Sale Sale 365* Sale 78 Sale 7454 Sale 1045* 10354 104 1055* Sale 1055* Sale 915* 93 915* 93 85 855* 8554 86 107 1065* Feb. 1085* Feb. 1205* Feb. 10354 Feb. 1025* Feb. 4854 Feb. 31 Feb. 32 Feb. 1 10954 Feb. 28 1 122 Feb. 1045* Feb. 25 10454 Feb. 28 9 5454 Feb. Feb. 24 355* Feb. 6 33 1 3354 Feb. 28 305* Feb. Feb. Feb. Feb. Feb. 1035* Feb. 1045* Feb. 8554 Jan. Jan. 1025* Jan. 3 104 5* 1015* Jan— 3 1045* 4154 Jan? 14 5454 31 Feb. 3 36 14 25 14 34 40 Jan. 30 Jan. Feb. Feb. 7 8554 Feb. 14 9 275* Jan. Feb. 28 85 9 365* Jan. 365* Feb. 28 Feb. 10 Feb. 28 Feb. 7 7 1055* Feb. Feb. Jan. 14 46 78 Feb. 25 Jan. 20 295* Jan. 32 35 74 35 3 Feb. 28 1065* Feb. 24 107 1085* Feb. 24 10954 Feb. 28 Feb. 1 118V Jan. 3 122 41 104 95 Feb. 18 92 Feb. 9 3 1065* Jan. 21 28 1015* Jan. 23 4 35 725* Jan. 1025* Jan. 1045* Jan. 85 6 Jan. 5 46 5* Jan. 375* Jan. 4 7 Feb. 10 Feb. 28 Jan. 20 10 35 7» 12 104 9 10554 Jan. 23 Jan. 4 28 Feb. 86 Baldwin Locomotive Works— 362,000 160,000 33,000 62,000 2,000 537,000 127,000 94,000 1,121,000 439,000 88,000 82,000 12,000 826.000 151,000 27,000 142,000 596,000 27,000 108,000 Canada Nor Power 5s 1953 199,000 Canadian Pacific Ry 6a.. 1943 1,112.000 Carolina Pr * Lt 5a 1954 103 54 Sale 103 102 96 5* 39.000 86.000 143.000 1,210,000 296,000 Cedar Rap Mfg * Pow 5a. 1953 Cent Ohio Lt * Pr 5s A..1958 115 Central Powar 5a ear D..1957 835* Sale 100 54 Sale 3554 Sale 355* Sale 575* Sale 10354 1005* 1145* 10254 835* 100 44.000 114,000 576,000 210,000 642,000 385,000 ♦Convertible 6s........1950 1955 Bell Tel of Canada 5s lat M 5a sat B June 1 1957 5s series C 115 Sale 888 Sale 1015* Sale 10954 Sale 121 121 1255* 1445* 8754 725* ..I960 124 Bethlehem Steel 4a—...1998 144 Birmingham Elec 4Ha 1968 Birmingham Gas 5a_....1959 113,000 Broad River Power 5a A..1954 Central Pow * Lt 5s.....1956 Cant States Blac 5a 1948 1,148.000 5Ms ........1954 603,000 Cant States Pr * Lt 5Ha. 1953 Chicago Dlst El Generating 4Ks aeries A...—.....1978 §45* 69 83 85 Sale Sale 1155* 10154 101 165,000 Chicago 111 Midland Ry 4Hs aortas A.. 1956 Chicago Junction Rya * 98 9854 40.000 63,000 Union Stock Yards 5a..1949 104 1045* 91,000 9,000 298,000 {♦Chic Rya 5a ctfa of dep.'37 12,000 Cincinnati Street Ry 5Hsl952 6s series B 1955 5.000 445* Sale 36,000 3,000 1,479,000 53,000 Cities Service Ss. ........1944 5s reglatered..........1966 4,000 Conv deb 5s..........1950 2,902,000 5s reglatered..........1950 ...1958 604", 000 5a 5s registered..........1958 73 X Sale 125,000 15,000 18,000 2,709,000 547,000 184,000 51,000 .2,000 6.000 12,000 ... 237",000 5s.. 1969 174,000 Cities Service Gaa 5H*—194J 142,000 Cities Sarv Gaa Pipe L 4a. 1943 3,777,000 Cities Service P * L 5HS.1952 5Hs gold dab 1949 902,000 306,000 Community Pow * Lt 5s.l957 171,000 Community Pub Sarv 5s A1969 2,000 Conn Ltg * Pow 7a A....1951 14,000 Con sol Gas of Bait 5s—.1939 4H a 1954 28,000 Sale Sale Sale 126 144 144 147 Sale 150 895* Sale 96 74 8254 Sale 915* Sale 8354 Sale 865* 1035* 10454 Sale 10354 Sale 1045* Sale 11354 10354 103 Sale 895* Feb. 1045* 103 Feb. 1035* 103 Sale 1005* Feb j Sale Sale 101 Sale Sale Sale Sale , 67 Sale 1 28 21 14 28 965* 1095* 1205* 1235* 145 86 Jan. 26 1165* Jan. 4 Feb. 27 11054 Jan. 3 4 1235* Feb. 28 Jan. 1 126 Jan. 7 Feb. Feb. 14 1485* Jan. 17 Jan. 695* Jan. 28 81 3 1045* Feb. 20 7.1035* Feb. 25 1 1045* Feb, 28 103 113 835* Feb. 995* Feb. 365* Feb. 36 Feb. 5854 Feb. 28 20 Feb] 14'114 54 Feb. 1035* 10254 Feb. 10,10354 Feb. Sale 4454 Sale Sale 36 59 9954 Feb. 20 1075* Feb. 1095* Feb. 27 10954 Feb. 1 1235* Feb. 121 Feb. 1 1255* Feb. 1235* Feb. 145 Feb. 14 145 Feb. 1 96 Feb. 895* Feb. 74 Feb. 1 845* Feb. 86 Feb. 6 915* Feb. 1 895* 4 1015* 4454 4454 Feb. Feb. Feb. Feb. 3 2 28 11 28 28 675* Feb. 28 Jan. 4 5 27 96 Feb. 28 845* Feb. 20 915* Feb. 28 3 104 X 7 1035* 3 1045* 113 Feb. 14 115 5 10354 1015* Jan. Jan. 30 83 895* 99 Jan. 24 1015* 1025* Jan. Feb. 20 Feb. Feb. 25 965* Jan. 35 32 Jan. Jan. 4 13 5554 Jan. 27 Feb. 28 Jan. 6 2 Feb. 28 Feb. 11 4454 Feb. 28 4454 Feb. 28 675* Feb. 28 Feb. 103"ul045* 52,000 279",000 1235* Sale 1065* 10954 1235* 1255* Sale 10054 Sale 104 Sale 6954 75 495* Sale 70 725* 68 80 73 73 78 1005* 10154 10054 Feb. 1 1025* Feb. 6 1045* Feb. 8 Feb. 17 Sale 48 785* Sale 785* 85 73 Feb. Feb. Feb. Sale 78 78 Feb. Feb. 1045* 10454 104 51 80 715* Sale 7154 Sale 7654 Sale 71 Sale 7054 Sale 7554 715* Sale 101% Sale 102»ai Sale 7754 Sale 775* Sale 7554 Sale 10054 Sale 1295* 133 102 1035* 125 127 Sale" 72 Sale 101 »u Sale 102% Sale 755* Sale 7654 Sale 7654 Sale 8354 Sale 8454 Sale 445* Jan. 705* Jan. 7254 Jan. 3 14 17 1045* Jan. 6 9 555* Jan. 10 785* Feb. 28 7354 Jan. 6 80 78 Feb. Feb. 6 14 6 725* Jan. 685* Jan. 30 765* Feb. 12 765* Feb. 6 Feb. 6 68r" Jan?27 76 6 Feb. •755* Feb. 28 1 Feb. 15 101 •« Feb. 685* Jan. 27 7054 Feb. 1 76 9 102% Feb. 1 7654 Feb. 7654 Feb. 1 845* Feb. 17 8454 Feb. 28 7754 Feb. 1005* Feb. 2 845* Feb. 28 131 10 715* Jan. 13 80 78 7154 Feb. 72 101 7 1025* Feb. Jan. 6 Feb. Feb. 14 102*« Feb. 77 7754 845* Sale 1005* Sale 1005* Sale 130 1305* 3325* 129 10154 102 1015* 102 126 127 1265* 12754 52 785* Feb. 28 9854 Jan. 104 755* Feb. 28 101 Feb. 15 101% Jan. 3 9 102"uJan. 102 5 j jFeb. 3 725* Jan. 12 845* Feb. 17 725* Jan. 12 8454 Feb. 28 75 Jan. 4 845* Feb. 28 3 101 Feb. 17 131 Feb. 16 102 5 1285* Jan. 2 10054 Feb. 16 10054 Jan. Feb. 17 3 131 Feb. 17 131 1015* Feb. 16 1015* Feb. 126 Feb. 1265* Feb. 10 Feb. 1015* 125 Jan. Feb. Jan. 9 17 Jan. 20 Feb. 3 5 Conaol G B L * P Bait— 20,000 153,000 2,290,000 75,000 48,000 265,000 .1971 3Ks series N 42,000 74,000 1,320,000 50,000 9,000 126,000 1095* 1105* 1105* 111 1105* 111 3 1095* Jan. Feb. 28 9 9154 Feb. 98 Feb. 21 1005* Feb. 28 635* Feb. 17 655* Feb. 10 96 Feb. 7 3 95 Feb. 605* Jan. 8154 Jan. 965* Jan. 1105* Feb. 7 111 Feb 14 111 Conaol Gaa Utilities— 6a A stamped..........1943 Continental G * El 5a ...1958 Cuban Telephone 7Ht—1941 Cuban Tobacco5s.......1944 Sale Cudahy Packing Go 394•• 1955 96 104 64,000 3,000 306,000 777 000 Eastern Gaa * Fuel 4s A.1954 25.000 19 000 649,000 7,000 15,000 304,000 70,000 986,000 22,000 32,000 Edison Else Ilium 3H*—1965 Elec Pow * Lt 5a 2938 Elmira Wat Lt * RR 8a—1956 El Paso Elec 5s A........1959 36,000 532,000 Empire Dlst Elec 5a..—..1952 Ercole MerelU Else Mfg 6 He .1953 6,000 1967 73,000 Erie Lighting 5s 80,000 134,000 Federal Water Sarv SHs.1954 105 61 8154 Sale 965* 99 62 6454 114,000 Delaware Elec Pow BHs..l969 1949 70,000 Denver Gas * Elec 5s.. 372,000 ♦Detroit Int Bdga 6 Ha—1953 ♦Ctfa of deposit.—.. 175,000 ♦25-yr a f dab 7s 1952 96,000 ♦Ctfa of deposit..... 4,000 64,000 21,000 121,000 6154 625* 6654 Sale 905* Sale 8754 Sale 100 Sale 1005* Sale 64 62 65 6654 9554 Sale 955* Sale 105 60 1065* 1065* 75* Sale 754 Sale 5* % l l 615* Sale 11054 112 745* Sale 1085* 112 1075* 85* 85* 54 54 rl0554Sale 1045* Feb. 1055* Feb. 24 2 108 Feb. 1075* 1095* 10754 Feb. 108 3 Feb. Sale 75* Feb. 11 10 85* 9 2 95* Feb. 9 85* Sale 75* Feb. 11 4 15* Feb. 1 54 Feb. 11 5* 5* 3 54 Feb. 11 15* Feb. 154 5* 5* Sale 645* Sale 1105* Sale 7354 Sale 108 109 1045* 9954 100 1035* 104 995* Sale 505* Sale 1075* 108 35 108 8454 Sale 68 615* Feb. 875* Feb. 54 Sale 835* Sale 645* 1105* 785* 1105* 1045* 1015* 40 Sale 6254 Feb. 21 6554 1 1115* 1115* 1105* Feb. 1 73 Feb. 805* Sale 3 11054 109 Feb. 111 Feb. 21 1045* 1045* 104 2 1015* 9954 Feb. Sale Feb. Feb. Feb. Feb. Feb. Feb. 6 855* Sale Jan. 95 Jan. 1045* 1065* 75* 75* 54 54 6054 Jan. 8354 Feb. 3 Jan. Jan. 18 Feb. 16 20 505* Jan. 6 108 Feb. 3 3 Jan. 24 Jan. 28 20 10754 Jan. 24 104 19 13 16 Jan. Jan. 1 I 825* Jan. 26 8654 Feb. 12 Feb. 6 Feb. 20 Jan. 5 995* Jan. 30 1075* Jan. Feb. Feb. 28 4 10554 Jan. 17 Jan. 6 10854 Jan. 24 Jan. 3 3 10 Feb. Jan. 2 5 Jan. 95* Feo. 15* Jan. 10 Jan. 20 3 15* Feb. Feb. 11 73 48 10754 Feb. 14 10a 68 3 9154 Feb. 9 10 1005* Feb. 28 31 6854 Jan. 11 13 97 Jan. 4 110 10 6 46 10754 Sale 61 4 8654 Feb. 9 Finland Residential Mtga 13,000 7,000 6a stamped 24,000 26,000 Firestone Cotton 1941 Mills 5a.l948 ♦First Bohemian Glass 7al957 257',660 1,098,000 187,000 75,000 470",000 Florida Power Co 4a C 1966 2,569,000 Florida Powar * Lt 5i 1954 Gary Electric * Gas— 5a ext stamped ........1944 287,000 204,000 Gatlneau Powar 5s—....1954 10", 000 17", 000 19,000 194,000 1,000 114,000 1,492,000 116,000 33,000 320,000 5,000 179,000 2,337,000 204,000 5a registered..........1956 Gen Bronxe conv deb 6s. 1940 Gen Pub Serv Co 5a...—1953 Gen Pub Utilities 6 Ha A. 1956 ♦Gen Rayon Ltd 6a A—..1948 Gen Wat Wka * El 5s A..1943 10254 10354 1015* Sale 505* 895* Sale 955* Sale 9554 Sale 1045* Sale 90 97 82 73 Sale 98 Sale 77 102 101 15 Sale Sale 25 915* Sale 975* Sale 1025* 1035* 10154 Feb. 1 1045* Feb. 101*ir Feb. 7 10154 Feb. 1016n 9854 Sale 975* Feb. 15 94 Sale 99 Sale 1045* Sale 105 Sale 87 96 88 Sale Sale 95 86 95 89 Sale 835* 85 875* 70 77 91 95 86 93 84 73 73 88 77 56 875* 9754 Sale 885* 915* Sale 975* Sale 10354 Sale 88 Georgia Pow * Lt St....1978 60 Sale 60 2654 59 21 61 ♦Gesfuerel 6a—... ......1953 For footnotes see page 53, Sale 70 245* 94 Feb. Feb. 1045* Feb. Georgia Powar raf 5s——1947 — 103; 101; Feb. Feb. 995* Feb. Feb. 9 1 105 Feb. 28 Feb. 14 89 96 Feb. 24 Feb. 28 1 4 10 Feb. 2 Feb. 20 Feb. 2 975* Feb. Feb. 28 99 8754 Feb. 17 73 Feb. 20 915* Feb. 28 1 10354 Feb. 28 2 70 Feb. 28 8954 Jan. 9554 Jan. 95 104 Jan. Jan. 4 Jan. 20 995* Feb. Feb. Jan. 94 10154 Feb. 102 25 Sale 101 9 99 23 105 Jan. 20 90 93 Feb. 10 975* 815* Jan. 24 8754 75 73 Feb. 20 9 87 Jah. 915* 955* Jan. 27 10354 70 58 Jan. 27 84 Jan. Feb. 28 Jan. 31 Jan. 3 Jan. 4 Feb. 17 Jan. 19 Feb. 28 Feb. 28 Feb. 28 February Shares Jan. 3 Jan. 1 Feb. 1 1939 Shares Bid BONDS (CMtfttMd) 85,000 1,000 41,000 1,000 7,000 11,000 267,000 35,000 52,000 5,000 17.000 22,0T 49.000 64,000 Glen Alden Goal 4i 1965 7226 4H* ..1941 56 Grand Trunk West Ry 4a 1954 Great North Pow 5a stpd 1950 88 Gobel (Adolf) deb Grocery Store Prod 6a...1945 Guantanamo kWRf 6a.l958 Guardian Inreatora Corp— 5a aeriea A.. ...1948 125,000 Hall Printing 6s A stpd..l947 * Hamburg Bloc Go 7a 1935 ♦Hamburg E & Und Ry5Hs'38 43,000 Heller (W E) Ac Go 4s w w.1946 Ask Sale 59 89 10826 109H 4926 54 48 53 41 44 Bid Sale 68 Feb. 8 69 Feb. 14 68 61 Sale 61 Feb. 28 61 Feb. 28 60 Jan. 4 87 Jan. 16 58 4026 15 24 Feb. 15 96 97 97 Feb. 1 97 Feb. 1 29,000 3,000 >6,000 642,555 226,000 95 9626 97 10226 10226 Sale Sale 10326 10326 103 Sale 10826 10926 110 61 62 1949 6326 Sale 60 62 26 1967 10626 Sale 99 26 Sale Sale Indiana Elec Corp 6a A.. 1947 1953 9924 1956 ......... 5a aeriea C 1951 ... Indiana Hydro-Rlec 5a A. 1958 Indiana Ac Mich El 5s.... 1957 1st Ac ref 5a 1955 Indiana Service 5s....... 1959 1st lien Ac ref 5s....... 1963 72 26 Jan. 72 Jan. 4026 Jan. 27 3 10 9026 Feb. 24 10826 Jan. 16 10826 Jan. 5026 Jan. 26 5226 Jan. 46 Feb. 24 53 Jan. 30 16 9 Feb. 18 86 842* 110 Sale 100 10026 Sale 86 11026 10626 107 5626 Sale 55 5526 10521«106 8626 Sale Sale 10326 Sale 9726 Sale 100 9826 Feb. 16 10026 Jan. 16 50 66 62 Feb. 4 Feb. 27 66 6226 Feb. 16 Feb. 27 6226 Feb. 110 11026 10926 Feb. 23 11026 Feb. 27 1059«a 106 l05l#MFeb. 15 1051882Feb. 7 1 9226 Sale 8626 Feb. 9226 Feb. 28 2 10126 Feb. 28 10126 Sale 9926 Feb. 10926 Feb. 105l#i»Feb. 8526 Jan. 9826 Jan. 10126 Jan. 9526 Jan. 9826 Feb. 10026 Jan. 65 65 Sale 10426 103 Feb. 65 65 8 10426 Feb. 1 9826 Feb. 2 10026 Feb. 6 Sale 98 9726 Feb. Sale 100 100 9826 Feb. I 103 Feb. 21 9926 10126 102 10126 Feb. 11 103 2 92 Feb. 9 8726 8826 9126 Sale 8826 Feb. 83 87 87 Feb. 90 Feb. 27 3 9126 Sale 11026 Sale 10926 Feb. 28 11026 Feb. ' 3 10626 Feb. 10626 109 10626 Feb. 10626 108 57 Sale 57 Feb. 1 6126 Sale 6226 Feb. Sale 60 1 5526 Sale 5526 Feb. 6026 Feb. 4 73 78 7926 8326 7626 Feb. 8226 Feb. 98 109M 48 54 45 48 4526 49 53 4526 4826 64 52 48 48 4926 52 54 58 Sale 4026 Sale 109 Feb. 28 54,000 (nt Pow Sec 6H« series G.1955 14,000 7s series E ...........1957 11,000 7s series P............1953 10,000 International Salt 5s 1951 1,052,000 Interstate Power 5a 1957 378,000 Debenture 6s 1953 Sale 103 6 110 80 40 28 24 25 97 18 10226 Feb. 27 10326 Jan. 24 110 Feb. 72 5526 10726 108 5826 Sale 10126 Feb. 27 10226 Feb. 21 103 Feb. 27 10326 Feb. 15 1826 Jan. 9426 Jan. 10126 Jan. Feb. Jan. 15 11 Feb. 21 Jan. 12 Feb. 28 40 ♦Indianapolis Gas 5s A.. 1953 47 3 109 30 Sale 105 Vi 86 30 101 63 26 6Ht aeriea B 18 Feb. 102 26 96 26 98 26 5s series G Feb. 9826 Feb. 16 10026 Feb. A..1949 6s series A............ 1953 50 24 ♦Hungarian-Ital Bk 7H«-1963 1957 1 27 40 30 Illinois Pow Ac L 5Hi-... 1957 1954 5Hs series "B" 4026 Feb. 9926 100 Sale 6s aeries B 50 20 22 10326 Idaho Power Co 3J£a Illinois Nor Utll 5s 4826 40 24 Sale 8 8,000 24,000 256,000 521,000 720,000 1,083,000 96,000 60,000 199,000 50,000 42,000 30,000 156,000 117,000 129,000 Sale Sale 10926 14,000 64 18 103 8,000 6,000 134,000 218,000 402,000 515,000 41,000 26,000 120,000 22,000 33,000 9,000 94,000 81,000 83,000 Jan. 6826 90 Sale 8726 Sale 8726 Feb. 1 9026 Feb. 24 10826 10926 10826 10926 10826 Feb. 16 10826 Feb. 16 54 52 Sale 51 Feb. 14 52 Feb. 17 5026 51 45 46 Feb. 24 47 47 4726 Feb. 4 6826 Sale 10 102 4,000 Highest Sale Prices 100 100 aer Lowest Sale Prices 40 18,000 HouatGulf Gas 6^8xw. 1943 31,000 6a 1943 20,000 Houston Lt & Pr 3H< ...1966 Hygrade Food 6s Highest Sale Prices 30 Sale 11,000 8,000 18,000 4,000 31",555 Ask 2226 "7",555 12", 656 Lowest Sale Prices Feb. 28 Ask Bid 26 H 99 26 "i'ooo — 1 Price new york curb exchange Since 42,000 RANGE SINCE JAN. PRICES IN FEBRUARY AGGREGATE SALES In 51 EXCHANGE CURB YORK NEW March, 1939] 69 . Sale 4826 Sale 4326 Feb. 24 4726 Feb. 15 4 4926 Feb. 47 27 16 Feb. 1 1 6926 Feb. 28 4826 Feb. 28 Feb. 1 9026 Feb. Feb. 1 86 Feb. 1 10226 Feb. 3 10226 Feb. Feb. 27 Feb. 27 15 10526 Jan. 9226 Feb. 3 10126 Feb. 27 26 10426 Feb. 26 9826 Feb. 2 10026 86 Jan. 4 103 3 92 86 Jan. 6 Jan. Feb. 27 7 28 28 6 6 21 21 9 Feb. Feb. 27 10926 Feb. 28 11026 Jan. 4 107 10626 Jan. Jan. 28 5 6 9 55 Jan. 30 54 Jan. 26 7626 Feb. 4 46 5826 Feb. 5226 Feb. 65 65 23 11026 Feb. 4326 Feb. 24 Feb. 4026 Feb. 58 Jan. 59 Jan. 4926 10726 56 3826 25 Jan. Jan. 24 90 6226 Feb. 6026 Feb. 8326 Jan. 52 26 J an. 53 Jan. 52 26 Feb. Jan. 9 10826 Jan. 26 Jan. 28 5 5 5 21 13 6926 Feb. 28 4826 Feb. 28 Interstate Public Service 472,000 259,000 400,000 121,000 37,000 35,000 77,000 9,000 4,000 46,000 5a aeries D... ,....1956 680,000 4Ha series W 1958 318,000 Icwa-Nebraska L Ac P 5S..1957 67,000 5s Series B 1961 74,000 206,000 32,000 6,000 110,000 Iowa Pow Ac Lt 4Ms A...1958 Iowa Pub Serv 5s........1957 Isarco Hydro-El 7a.......1953 82 26 Sale 77 Sale 10026 Sale 10026 10026 10526 Sale 10426 105 4926 Sale ...1943 Italian Superpower 6s...1963 80 42 38,000 37,000 138,000 59,000 JackaonvllleGas 5s stmpdl943 97,000 Jersey Gent P Ac L 5s B...1947 269,000 4H( aeriea G 1961 Sale 13,000 5,000 16,000 309,000 328,000 64,000 68,000 36,000 Kansas El Pow 3H« 1966 8,000 Kansas Gas Ac Elec 6s 3S33 42,000 Kansas Power 5s A ..1947 375,000 Kentucky Utilities 5a....1969 5a 1961 531,000 10326 105 11926 Sale 10226 10326 110,000 131,000 10226 9326 Sale 79 Sale Sale 98 (aotta Fraachlnl 7s *Ha aeriea D 5Hs series P 1948 1955 Sale 10526 10526 Sale 90 91 91 Sale Sale Sale 100 10626 109 105 Sale 4726 Sale Sale 40 105 86 100 77 3926 Sale 86 9026 Sale 79 8526 Sale 10226 10226 100 100 10226 Sale 110 10626 igg 47 60 4126 Sale 10426 4826 4726 74 5926 43 3926 4126 43 10526 10526 10626 Sale 10526 Sale 10526 Sale 40 104 Sale 105 11926 123 82 Jan. 3 77 Jan. 3 Feb. Feb. 18 2 8 107 Feb. 1 105 Feb. 1 51 Feb. Feb. 23 65 1 42 Feb. Feb. 7 Feb. 17 Feb. Feb. 1 42 6 107 10526 Feb. 10526 Feb. 1 Feb. 25 6 Feb. 24 1 10626 Feb. 3 120 103 123 120 104 Sale 10226 Feb. Sale Sale 93 Feb. 9 120 Feb. 9226 Feb. 103 Feb. 98 Feb. 10526 Jan. 10426 Jan. 3 107 5 105 47 Jan. 30 5926 Feb. 23 1 3926 Feb. 38 Jan. 30 10526 Jan. 10526 Jan. 30 4 10326 Jan. 11926 Jan. Feb. 10326 Feb. 9626 Feb. 97 Feb. 10426 Feb. 10026 Feb. 9026 Feb. 86 9826 Jan. 26 10226 98 Jan 26 10226 10 102 26 Jan. 10526 10726 10426 Feb. 14 10426 Feb. 10326 93 26 Sale 9626 93 9326 9626 104 Sale 10426 97 9826 9826 102 40 Feb. 6 Feb. 28 27 13 90 Jan. § 4 90 Jan. 102 Jan. 5 9326 Jan. 3 5 Feb. Feb. Feb. Jan. Jan. 5226 Jan. 80 Jan. 4326 Jan. 6 28 27 18 18 4 12 3 9 Feb. 6 Feb. 24 10626 Jan. 14 42 107 10426 Feb. 12026 Jan. 103 26 Feb. 18 9626 Feb. 17 Feb. Jan. 18 19 10026 Jan. 19 97 1G5 Lake Superior Dlst Power— 227,000 707,000 3,000 165,000 71,000 106,000 287,000 44,000 339.000 2,000 92,000 31,000 58,000 137,000 14,000 527,000 2,000 27,000 33,000 15,000 44,000 685",555 41,000 97,000 38,000 1,000 99 107 28 Sale Lexington Util 5s 1953 Llbby McNeill Ac Ltbby 5s 1943 Long Island Ltg 6a 1945 100 161"' 10326 Sale Louisiana Pow Ac Lt 5S...1957 10626 3Hs series A ♦Mansfield Mining Ac Smelt— 7a Ex-warrants 1941 4,000 26,000 Marion Reserve Pow 4H« 1953 1,000 McCord Rad A Mfg 6s.. .1943 Memphis Comm'l Appeal— Debenture 1956 24,000 982,000 Memphis P Ac L 5sser A..1948 5,000 Men gel Go 4Hs 1947 42,000 Met Edison 4s series E...1971 4a series G............1965 73,000 80,000 Middle Sta Petrol 6 Ha A. 1945 59,000 Midland Valley RR 5s 1943 11,000 1,000 120,000 202,000 106,000 510,000 1966 Lehigh Pow Secur 6s 3936 ♦Leonard Tlets Inc 7Hs-1946 303,000 Milwaukee G L 4Ha..... 1967 678,000 Minn Pow Ac Lt 4Hs 1978 1st Ac ref 5s .1955 232,000 603,000 Mississippi Pow 5s 1955 5s registered.......... 1955 1,0i"6", 555 Miss Power Ac Light 5s...1957 ...1951 82,000 Ml as River Power 5s 259,000 Missouri Pub Serv 5s A__ 1960 79,000 Montana Dakota UtU 5Hs'44 Munson Steamship Line 3.000 ♦6H* ctfs of dep w W..1937 28,000 315,000 351,000 19,000 15,000 36,000 Naseau Ac Suffolk Ltg is. 1945 649,000 Nat Pow A Lt 6s* *A" 3936 Deb 5s series B 3930 1,046,000 26,000 *«Nat Pub Serv 5s C O D.1979 30,000 50,000 225,000 110,000 4Hs 1981 78,000 Nelsner Bros Realty 4s..1948 1956 448,000 Nevada Calif Elec 5s 11,000 399,000 89,000 309,000 493,000 334,000 19,000 23,000 New Aauterdam Gas 5s.. 1948 630,000 New Eng G & Elec Assn 5sl947 5s 1948 225,000 Conv deb 5s 1950 668,000 1948 933,000 New Engl Pow Assn 5s Deb 5Hs 1994 704,000 48,000 New Eng Pow Co 3Hs A.1961 46,000, New 77,000 105,000 52,000 11,000 235,000 280,000 13",555 11,000 65,000 57,000 22,000 50,000 95,000 110,000 145,000 287,000 77,000 12,000 630,000 809,000 5,000 34,000 22,000 227,000 115,000 44,000 100,000 208,000 186,000 3933 Nebraska Power 6e 5s 90 100 26 92 60 9426 93 88 106 10326 104 106 108 20 80 42 9526 9526 93 26 Sale 8926 107 9326 109 Sale 60 Sale 9926 9926 10426 8226 89 108 7326 100 6726 Sale Sale 90 Feb. 10026 Feb. 24 1 29 Feb. 92 Feb. 1 105 16 95 10526 Feb. 3 107 50 66 96 26 Sale 10026 Sale 91 Sale 66 1 Feb. 1 10 91 10826 10826 10726 Feb. 10726 109 10826 Feb. 7 10926 Feb. 11 10826 10926 10926 10926 10826 Feb. 1 96 96 26 1 9626 Feb. 9726 Sale 9726 Feb. 59 Feb. 23 61 Sale 60. Sale 6126 Feb. 28 15 92 Sale 97 9926 Sale 226 81 Sale 96 Sale 38 36 Sale 121 5526 Sale Sale Sale Sale Sale 92 Feb. Feb. 97 81- 10326 !!* ii§* Sale Feb. 27 Feb. 4 Feb. Feb. 3 Feb. 83 Feb. 10126 Feb 8 7826 Feb. 9926 Feb. Feb. Feb. 8 9126 Sale 94 Sale 9326 Sale Sale 9526 Sale 109 Sale 100 Sale Sale 11826 11926 11826 Feb. 20 119 66 Sale 6626 Sale 6526 Sale 9526 Sale 9826 Sale 10826 109 57 5626 5626 93 26 9526 10826 Feb. 1 66 Feb. Feb. Feb. Feb. Feb. 1 6626 6526 9526 9826 2 1 1 7 109 see ......1949 ♦6s aeries A. Ha 195S 026 102 226 Sale 126 10226 94 103 104 85 100 95 105 10026 83 8426 Sale Sale 9926 Feb. 92 Feb. 10326 Feb. ♦N Y Pa A O RR 4Ha stpd 1958 4 N Y P A L Corp 1st 4Ha..1967 Sale Sale 10726 10026 11226 Sale Sale 10726 10126 11226 Sale Sale 10726 Feb. 10026 Feb. N Y A Westchester Ltg is '54 726 926 226 2004 526 Sale 105 Sale Sale 105 Feb. 58 Sale 106 50 54 Feb. N Y State E A G 4Hs 4s 1980 Nippon Elec Pow 6HS-..1953 0 Nor Amer LAP 5Hs 7 Nor Cont Utll 526 A...1954 5Hs A 1948 Nor Indiana G A E 6s.... 1953 Nor Ind Pub Serv 5s series D 4Hs R 53. 6 11 5 Jan. 3 103J6 Jan. 8226 Jan. 23 12 4 9226 Jan. Jan. 3 3 3 14 3 Jan. 23 28 7726 Jan. 4 Feb. 17 Feb. 28 11826 Jan. 19 Jan. Jan. 27 96 55 54 Feb. 28 Feb. 28 Feb. 28 5426 Jan. Feb. 28 93 Feb. 1 5s 7 80 4726 10726 1966 526 106 1969 526 426 1970 Sale Sale 77 54 9726 4926 10726 10526 10626 10426 Sale Sale Sale 10826 10626 Sale Sale 58 9826 Sale 5326 Sale 108 Sale 10526 10526 10426 Sale Sale Sale 81 Feb. 2 10126 Feb. 20 10 9526 Feb. 28 2 10526 Feb. 14 5 14 3 Jan. 3 Jan. 3 Jan. 3 9926 Feb. , 1072^6 92 Jan. 10226 Jan. 79 Jan. 107 Jan. Jan. 1 106 Feb. 1 5726 Feb. 11226 10426 50 9626 15 10226 Feb. 105 Feb. 18 99 3 14 14 25 95 107 Jan. Feb. 28 J 104 = Jan. 11 Feb. 23 66 Feb. 27 9626 Feb. 28 10126 Feb. 18 91 Feb. 28 10826 Feb. 15 Feb. Jan. Jan. 27 9526 Feb. 6 101 101 105 Jan. Jan. Jan. 18 5 97 10126 Feb. 7 326 Feb. 8 Feb. 15 8126 103 26 9926 3626 11826 11026 10026 8226 Feb. 6 Feb. 24 Jan. 20 Feb. 23 Feb. 10 Feb. 21 Feb. 28 119 Feb. 17 66 Feb. 28 Feb. 28 6626 6526 9526 9826 109 2 91 7 8226 Feb. 21 8 10826 Feb. 28 1 102 Feb. 25 28 24 Feb. 6 4 10926 Feb. 20 10 83 Feb. 21 11526 Jan. 10726 Jan. 10 21 18 Feb. 29 10926 Feb. 11 9826 Feb. 12 Feb. 23 62 Jan. 18 9826 Jan. 99 Jan. 11026 Feb. 103 3 Orleans Pub Serv— stamped...........1943 N Y Gent Elec 5 page 31 35 96 35 23 Sale 59 11 Jan. Jan. Jan. Jan. 5 36 119 . Sale 1 Jan. 8826 10626 10726 9326 Jan. Jan. 11726 Feb. 10 11826 Feb. 11626 11726 1 11026 Feb. 11026 10926 Feb. 10926 Sale 2 10026 Feb 9626 Feb. 9626 10026 Sale Sale 7826 Feb. 10 8226 Feb. 8226 Sale 57 9526 Feb. 92 7 77 98 1 5626 Sale 57 26 Sale 27 9 Feb. 11826 11 Feb. 66 Jan. Sale 36 2826 Jan. 10326 Jan. 2 8126 Feb. 15 1 10326 Feb. 6 1 9926 Feb. 24 Sale 11 8 6 10126 9 9526 4 10526 26 8226 4 10826 3 102 27 113 14 106 6 Feb. 28 28 Feb. 28 Feb. Feb. 1 Feb. 20 Feb. 28 Feb. 14 Feb. 21 Feb. 28 Jan. 25 19 Feb. 28 Feb. 5726 Feb. 15 1 9726 Feb. 6 9 9926 Feb. Jan. Feb. 6 1 54 4926 Feb. Feb. 6 47 Jan. 4 Feb. 6 10726 Feb. 24 10826 Feb. 11 10726 Jan. 24 10826 Jan. 16 105 Feb. 7 10626 Feb. 23 105 Feb. 7 107 Jan. 26 10526 Feb. 25 10626 Feb. 1 10526 Jan. 4 10626 Jan. 11 104 Feb. 11 10426 Feb. 27 10326 Jan. 16 3 10426 Jan. \ For footnotes . 326 Feb. 91 27 8826 Jan. 10826 Jan. 7326 Jan. 100 Jan. 6 10926 Feb. 326 Feb. 326 Sale Sale 101 100 104 10826 10926 10926 10926 109 77 26 Sale 7726 Feb. 8226 Sale 101 Feb. 101 Sale 10126 Sale 7826 9926 11526 116 10726 Sale 9626 9826 Feb. 28 6 Sale Sale 4 26 9626 Feb. 28 10126 Feb. 18 Sale 10926 7426 Sale Jan. 10526 Jan. 16 10426 Feb. 23 66 Feb. 27 Feb. 5 3 24 14 Feb. Feb. 27 9526 Feb. 93 90 Jan. Jan. 1 Feb. Feb. 25 24 22 10326 10426 10326 Feb. 100 107 2226 Jan. 9926 Jan. 10226 Jan. Feb. 10226 Feb. 18 104 85 9226 10726 Sale Sale 29 Sale Sale 98 5426 5426 5426 105 94 107 1 10226 Feb. 25 10126 Feb. 3 10926 Feb. 24 11026 Feb. 100 104 77 118 ... 10226 Sale 30 10226 Sale 10426 105 2 101 9926 Feb. 9926 Feb. 21 101 1 10426 104 Feb. 10426 1 85 Feb. 9526 Sale 9526 74 78 87 Sale 102 10926 28 26 Sale Sale Sale Sale 226 36 30 10026 Sale 10426 Sale Sale 95 ~ " Sale 26 102 10126 Sale 10926 Sale 8s 52 NEW YOKE CURB EXCHANGE Feb. 1939 Shares BONDS (Continued)— Bid Ask 1 Feb. 28 Ask Bid 14,000 Northwest Btec 4a stpd_.1945 249,000 Nor'weat Pub Sarr la A—1957 104 % 106 2* 13,000 97,000 87,000 95,000 49,000 Ogden Gaa Co Sa— 1945 254,000 Okla Nat Gaa 4H» A 1951 Cony deb 5a.....—...1946 281,000 182,000 Okla Pow ft Water 5a A..1948 108 10826 1052* Sale 102 % Sale 912* Sale 10816 10826 10826 10526 1052* Sale 102 10226 1032* 8,000 40,000 47,000 Pacific Coast Power 5«—1*4® 1941 116,000 Pacific Gaa Ac E! 6s B Pacific Innstlol 5a A...1948 Without warrants... 24,000 13,000 Pacific Ltf & Pow 5a..—1942 847,000 Pacific Power & Lltht 5a.1955 32,000 Park Lexington BIdg 3s..1964 1977 973,000 Penn Cent Lt & Pow 5a 1979 58,000 430,000 Penn Electric 4a series F.1971 Penn-Ohio Edison 6a....1959 161,000 Without warrants.......380,000 5H* series B.......... 1959 107,000 Penn Pub Serv 6a C 1947 5a aeries D............ 1954 45,000 68,000 Penn Water Ac Pow 4 H*—1968 5a ...1940 91,000 326,000 Peonies Gaa Lt Ac Coke 4a B'81 4a series D............1961 337,000 648,000 Phila Elec Power 5 -1972 28,000 Phlla Rapid Transit 6a_.1962 Piedmont Hydro-Electric Co 101,000 6Hls aeries A..........1960 20,000 Pittsburgh Coal 6s......1949 52,000 Pittsburgh Steel 6a 1948 10,000 tPomeranla Else Co 6s...1953 244,000 Portland Gas Ac Coke 5s. 1940 101 102 102 11326 Sale 11316 114 83,000 200,000 23,000 21,000 28,000 35,000 122,000 121,000 88,000 111,000 31,000 6,000 33,000 4,000 92,000 47,000 21,000 14,000 2,000 15,000 ' 81,000 Potomac Edison 5s ser E.1956 30,000 4Hs aeries P..........1961 24,000 Potrero Sugar 7s stamped 1947 9,000 Power Corp of Can 4H» B 1959 15,000 'Prussian Elec 6s.. ......1954 9726 982* 9226 94 11326 11426 76 30 Sale 32 9226 Sale 94 Sale 103 4 10226 Feb. 10226 10226 10226 Feb. 1132* Feb. 21 11326 Feb. 1132* Sale 4 Jan. 10126 Jan. 9 103 1132* Feb. 21 1132* Jan. 26 Feb. Feb. 16 4 28 Feb. 23 93 m Sale 10526 1022* 10826 10626 107 10326 106 Sale 1826 64 23 26 Sale 10726 108 109 111 3926 412* 102 2* Sale 18 22 Sale ir4 106 96 182* 71 932* Feb. 16 Feb. 24 11326 Feb. 9 Feb. 1 862* Feb. 28 Feb. 1 3726 Feb. 23 Feb. 1 96 Feb. 2 102 Feb. Sale 99 Sale 102 Feb. Sale 9826 Feb. 108 109 3 Feb. 1 28 20 1002* Feb. 24 1 10526 Feb. 1 103 Feb. 18 1082* Feb. 20 106 26 Feb. 28 6 27 Feb. 24 7 1082* Feb. Feb. 2 Feb. 7 Feb. 21 104 Feb. 1 6 9426 Feb. 96 Feb. 7 3 Feb. Feb. 2 11326 Feb. 15 1 80 Feb. 18 Feb. 92 113 76 32 91 98 97 Jan. 26 10426 Jan. 20 6 3 9526 Feb. 13 932* Feb. 24 11326 Jan. 3 862* Jan. 7 3726 Jan. Jan. Jan. Jan. 3 10526 Feb. Feb. 3 103 28 4 1082* Feb. 4 10626 Feb. 27 24 10626 Feb. 7 Jan. 10326 Feb. 21 Jan. 3 Jan. Jan. 24 Jan. 19 Jan. Jan. 26 12 17 20 Feb. 15 Feb. 18 1002* 9126 10626 10526 9126 9326 11126 77 26 Jan. 23 6 106 22 Sale 43 23 2 10726 Feb. 10826 10626 Feb. 96 Feb. 99 Feb. 2 9826 1826 Feb. 20 202* Feb. 1926 22 71 Feb. 74 Sale 77 Feb. 1 1072* Feb. 3 10926 10826 Sale 10826 10926 10826 Feb. 10 109 Feb. 20 4226 41 4226 40 10326 Feb. 21 10326 10426 23 Sale 202* Feb. 10 23 - 27 6 9526 Jan. 1726 Jan. 64 Jan. Feb. 20 107 Feb. 17 10826 3926 Feb. 16 Feb. 21 10026 Feb. 25 202* Jan. Feb. Jan. 51 6 Jan. 4 6 10726 Feb. Jan. Feb. an 4 4 48 20 24 3 1002* Feb. 98 98 Feb. 23 28 Feb. Jan. 10616 107 42 Sale Feb. 96 3 102 Feb. 45 Jan. 28 Jan. Jan. 42 10216 104 18 Feb. 7 4 48 107% Sale 10826 110 40 Feb. Feb. Feb. 1062* 1062* Sale 10626 10326 10326 Sale 94 Sale 932* Sale 95 94 ' 942* 9426 112 • 113 11226 11326 1122* 7726 782* Sale 7716 Sale 46 31 21 Jan. 102 51 9 10826 Jan. 24 1062* Jan. Jan. 10026 Jan. 912* Jan. Sale 50 105 98 3 28 105 100 77 21 1052* Feb. 6 10226 Feb. 108 Sale Sale Jan. 6 6 99 76 2 106 Feb. 98 4 Sale 112 2 10826 Feb. 105 104 18 97 108 104 2* 1042* Sale Sale 95 1082* Feb. Sale Sale Sale Sale 922* 9216 94 11316 1142* 1 1142* 113 Sale 79 7916 Sale 37 3426 3426 Sale Sale 92 96 9226 Sale 99 100 992* 10026 10026 9816 Sale 1072* 10816 10521 10616 1082* 10326 Sale" Highest Sale Prices Feb. Sale 9126 Sale 10626 1072* 1052* Sale Lowest Sale Prices Highest Ask 10126 Feb. 14 10326 Feb. 93 Feb. 28 9526 Feb. 98 100 2* Lowest Sale Prices Sale Prices Feb. 21 1052* Feb. 10626 104 10516 1052* 104 3 1002* Feb. 2 10226 Feb. 28 10226 Sale 1002* Sale Bid 8,000 127,000 14,000 12,000 573,000 17,000 496,000 25,000 172,000 1 Price Jan. 3 Jan. 1 February Shares NEW YORK CURB EXCHANGE Since In RANGE SINCE JAN. PRICES IN FEBRUARY AGGREGATE SALES 6 Feb. 4 26 99 31 3 202* Feb. 27 77 Feb. 6 20 30 4 4226 Feb. 16 23 10326 Feb. 21 10 10926 Feb. 10 1092* Jan. Jan. Feb. 10 23 Feb. 25 2 151 Jan. 20 13 10726 Jan. 88 Feb. 3 28 Pub Service Co of N J— 84,000 13,000 450,000 192,000 172,000 157,000 6% perpetual certificates 26,000 Pub Serv of Okla 4s......1966 746,000 Puget Sound P Ac L 5 ^a. 1949 5s series C._..........1950 380,000 4 series D .1950 293,000 148 71 Sale 54,000 116,000 Queens Boro G At B 5H*-1952 66 Sale 77 31 20 35 24 1,000 11,000 'Ruhr Gas Co 6 Ha .1953 'Ruhr Housing 6Hs A...1958 7,000 52,000 11,000 13,000 t'St Louis Gae Ac Coke 6s.'47 104,000 Safe Harbor Water Pr 4H* *79 11,000 San Joaquin L Ac P 6s B..1952 2,000 9,000 61,000 6s 1937 5,000 16,000 'Schulte Real Estate 6s..1951 121,000 Scrlpps (E W) Co 5He...1943 1951 85,000 Scullln Steel Co 3s Sale 10626 107 2* 75% Sale 72% Sale 150 14616 148 10726 10716 107 872* 792* Sale 85 76 Sale /82 7426 Sale Sale 82 Sale 147 Sale 1062* Feb. 792* Feb. 76 Feb. 7426 Feb. Sale Sale Sale 16% 1726 10826 10916 161* 10826 Sale Sale 131 134 Sale 2 1502* Feb. Feb. 3 107 1 1 1 88 Feb. 85 82 Feb. Feb. 28 3 27 28 28 147 Feb. 1062* Jan. 752* Jan. Jan. 3 7026 Jan. 14 72 1726 18 10926 110 13426 136 7626 Feb. 20 8226 Feb. 27 29 29 5 6326 Jan. 29 Sale 272* 212* 18 Feb. Feb. 24 16f2* Feb. 1082* Feb. 134 Feb. 25 Feb. 1 Feb. 1726 Feb. 10 110 24 3 Feb. 16 1 13526 Feb. 20 Feb. 24 85 82 27 Feb. 28 Feb. 28 8226 Feb. 27 35 Jan. 11 1726 Feb. 3 162* Feb. 1 Feb. 16 1082* Jan. 24 110 134 Feb. 1 135 26 Feb. 20 'Saxon Public Works— 54,000 - Sorrel Inc 5s ............1948 148",000 33,000 56,000 30,000 175,000 1,102,000 164,000 25,000 85,000 3i~o",666 Shawlnlgan W At P 4He..l967 4Ha series B 196S 91,000 4Hs series D... 1970 91,000 Sale 24 3026 101 26 64 31 67 107 % 104 % Sale" 1042* Sale 104 % 76 % 842* Sale Sale 95 108 % Sale 104 73 Sheridan Wyo Coal 6s.-.1947 Sou Carolina Power 5S..1957 20,000 52,000 263,000 1,509,000 322,000 112,000 148,000 69,000 1st Ac ref mtge 4s......I960 Southern Counties Gas 11026 11116 72,000 48,000 25,000 34,000 55,000 12,000 109,000 91,000 63,000 62,000 106,000 38,000 of California 4Ha—1968 Southern Indiana Ry 4s. 1951 104 % 150,000 150,000 226,000 38,000 174,000 21,000 291,000 46.000 336,000 335,000 6s stamped— .....1948 6s coor stamped...... 1948 59 60 X4. 489,000 6s 63,000 368,000 6s 59% 59% Southeast P Ac L 6s 2025 Sou Calif Ed 3 Ha—May 11960 3He series B July 11960 Debentures 3H« -.1945 S'western Assoc Tel 5s A.1961 Southwestern L At P 5s 10826 10916 104 % 28 Sale 62 Sale Sale Sale 83 Sale Sale 10926 110 1092* Sale 104 Sale 1112* 112 1022* 6126 1062* 10426 10426 Sale 10316 Southwestern P Ac L 6s..2022 81H 1032*1 83 1042* 105 16 25 Feb. 272* Feb. 23 Sale 102 Feb. 29 Feb. 3 102 2* Feb. Sale 60 Feb. 7 16 15 14 24 Jan. 3 6126 Feb. 28 60 Jan. 104 952* 1032* 1102* 1102* 106 Sale 104 Feb. 1102* 11126 1112* Feb. 1052* 104 10426 45 4726 492* Sale 103 10326 1032* 1032* 1032* 104 8426 Sale 932* Sale 10526 1052* 10626 10726 10326 442* 1022* 1032* 8426 1052* Feb. Feb. Feb. Feb. Feb. Feb. Feb. 28 10 11226 Feb. 8 1 106 17 105 48 8 Feb. Feb. 3 10326 Feb. 2 1032* Feb. 1 9426 Feb. 7 1062* Feb. 6 27 17 Jan. 18 65 Jan, 5 106 30 Jan. 105 76 25 272* Feb. 23 3126 Jan. 9 10126 Jan. 4 1022* Feb. 14 Feb. 20 1 106 10426 Feb. 1 10556 Feb. 24 10526 10426 Feb. Sale 1 10556 Feb. 16 1042* Feb. Feb. 16 81 Feb. 3 7826 78 Sale 1 852* Feb. 952* Feb. 28 Sale 1 10426 Feb. 9826 Feb. 9 Sale 10926 Feb. 15 1102* Feb. 25 Sale 1 1102* Feb. 28 1092* Feb. 107 105 105 Sale 44 44 45% 103% Sale , 103 1957 S'western Pub Serr 6s A.1945 Sale 25 19 2916 1022* 60 26 1062* 10416 1042* 1052* 77 852* Feb. 20 10526 Feb. 24 10526 Feb. 16 10326 Jan. 1042* Jan. Feb. 3 ilk Feb. 28 9 106 Feb. Feb. 1102* Feb. 25 1102* Feb. 28 1082* Jan. 1082* Jan. 104 Jan. 28 Jan. 11226 Feb. 8 10326 Feb. 442* Feb. 1022* Feb. 17 1052* Jan. 8 48 Feb. 17 Ill 3 103 26 Jan. 27 6 Jan. 9 5 9426 Feb. 6 1062* Feb. 16 15 26 2626 Feb. 23 6526 Feb. 27 Feb. 6 6626 Feb. 6 6526 Feb. 28 67 Feb. 6 93 Feb. 21 6626 Feb. 6 35 Jan. 5 63 18 16 1032* Jan. 23 104 15 10426 Jan. 83 Jan. Standard Gas At Elec— 20,000 9,000 939,000 1951 ..1957 gold debs 6s 1966 36,000 Standard Invest SH*—1939 833,000 Stand Powsr Ac Lt 6s.—1957 92,000 ♦Stavrett Corp 5s........1950 Stlnnes (Hugo) Indus— 7s 2d stamped.... 53,000 ...1940 7s 2d stamped ........1946 34,000 1,100,000 fenn Elec Power 5s .1956 Sale Sale 60% 60% 61 Sale 60 87 602* Sale Sale 33 592* 60 592* 60 602* Sale 592* 60 5926 Sale 90 Sale 592* 282* Sale 30 6526 66 6526 66 6526 Sale 6526 Sale 6526 Sale 932* 94 6526 Sale 282* Sale 6026 Feb. 2 60 Feb. 2 66 60 Feb. 2 6 6626 Feb. 6526 Feb. 28 6556 Feb. 27 Feb. 2 5926 Feb. 1 67 Feb. 1 93 592* Feb. 1 2626 Feb. 23 30 61 90 Feb. 6 Feb. Feb. 6 21 6626 Feb. 6 7 Feb. 58 Jan. 572* Jan. 572* Jan. 60 Jan. 27 27 24 __ 572* Jan. 26 87 57 60 62 59 62 6126 62 61 Feb. 3 63 Feb. 6 58 48 50 38 40 35 Sale 35 Feb. 28 38 Feb. 3 35 90 9116 922* Sale 100 Sale 922* Feb. Sale 46 43 Jan. Jan. 3 27 Jan. 23 Feb. 28 1 1002* Feb. 6 8826 Jan. 48 Feb. 20 2 1012* Feb. 4 43 27 66 50 Feb. Jan. 6 14 30 1002* Feb. 6 Jan. 14 27 Ternl Hydro-Electric Co— 16,000 617,000 332,000 13,000 134,000 131,000 57,000 997,000 752,000 70,000 219,000 310,000 6Ha series A..........1953 Texas Elec Service 5s 1960 Texas Power At Lt 5s.....1956 6s 2022 Tide Water Power Ss A. ..1979 Twin City Rap Tr 5Ha A. 1952 49 % Sale 99 Sale 103 % Sale Sale 100 871 502 Sale 52 Sale 512* 46 99 104 101 86 Sale Sale 1012* 4626 Sale 106 Sale 102 1042* 912* Sale 572* Sale 87 5226 Sale Feb. 982* Feb. 1032* Feb. 102 Feb. 87 Feb. 5226 Feb. 1 1062* Feb. 28 3 10426 Feb. 3 9226 Feb 18 Feb. 28 4826 Feb. 1162* Feb. 16 Feb. 14 1 im 8 Feb. 20 972* Jan. 26 3 532* 1012* 1062* 10426 9226 572* Feb. Feb. 28 18 8 Feb. 28 4526 Jan. 24 5226 Jan. 1162* JAn. 4 1172* Jan. 11 28 Jan. 14 11 7 103 Jan. 4 9926 Jan. 8626 Jan. 25 5026 Jan. 26 Feb. Feb. Ulen At Company— 26,000 16,000 6s 4th stamped 66,000 34,000 United Elec of N J 4s 1950 1949 United Elec Service 7s... 1956 53,000 128,000 29,000 264,000 26,000 22,000 43,000 37,000 Without warrants... 33,000 7,000 'United Indue 6H* 1941 ♦let 6s 1945 16,000 71,000 United Lt At Pow 6Hs 1974 Deb 6s.. ...1975 234,000 5Hs 1959 65,000 560,000 United Lt Ac Rye 5Ha .1952 6s series A 1952 79,000 Deb 6s series A........1973 42,000 64,000 Utah Power Ac Light 4Hal944 6s series A...... ...2022 90,000 127.000 33,000 251,000 Virginia Pub Ser 5Ha A..1946 6s. 1946 87,000 23,000 "i",66o 6s registered.... 140~,666 631,000 4,000 49,000 ■ < , 11616 117 54,000 71,000 32,000 379,000 34,000 10,000 243",666 5s series B 50 57 47 Sale 22 28 Sale Sale 22 2726 7626 Sale 75 73 1042* 107 Sale 83 112 114 832* 71 91 85 92 93 94 472* 24 26 2426 50 9326 Sale 962* Sale 832* 88 Sale 87 Sale 89 Sale 912* Sale 21 Sale 82 . Feb. 4 50 2 232* 232* Feb. 80 3 812* 7626 Feb. Sale 1 Sale 73 Feb. 792* Sale 106 Feb. 24 107 105 106 Sale Sale 1 90 90 83 Feb. 2 113 113 11326 1122* Feb. 3 782* 722* Feb. '722* 78 792* 9 932* Feb. 9426 942* 9326 942* 3 87 87 Feb. 9126 9126 Sale Sale 9016 47 2726 812* 17 2 Feb. Feb. 24 Feb. 25 Feb. 1 Feb. 24 Feb. 16 Feb. 24 Feb. 27 Feb. 28 9326 Feb. 832* Feb. 2 1 9626 Feb. 27 8926 Feb. 16 Feb. 1 92 47 Jan. 30 3 262* Jan. 2 232* Feb. 3 7626 Feb. 7026 Jan. 25 1052* Jan. 782* Jan. 112 Jan. 52 27 27 Jan. Jan. 812* Feb . 24 Feb. 25 1 Feb. 24 11326 Jan. 24 17 792* 5 107 90 3 7026 Jan. 28 9226 Jan. 12 Feb. 782* Feb. 24 9426 Feb. 27 9126 Feb. 28 Jan. 4 9126 Jan. 4 82 Jan. 3 9626 Feb. 27 8926 Feb. 16 87 Jan. 3 92 83 .1946 .......1950 Waldorf Astoria Corp— '5s income deb........1954 952,000 1951 7,000 Wash Ry At Elee 4s. 128,000 Wash Water Power 5a...1960 Western Newspaper Union' Conv deb 6a 1944 115,000 96,000 West Penn Elec 5a.......2030 71,000 West Penn Traction 5S..1960 1957 902,000 West Texas Utll 5s A 72,000 West United G Ac B SHa A 55 14,000 Wheeling Elec Co 5s 1941 For footnotes see page 53. 47 Feb. 48 Sale 452* 47 11626 1172* 11626 1172* 1162* Feb. 1072* 110 1052* Sale 252* Sale 1072* 110 10626 108 59 J6 Sale 1042* 105 59 5426 Sale 10426 1052* 105 111 26 112 10116 Sale 112 1042* Sale 10626 Sale 105 106 113 10126 Sale Sale 292* Sale 10826 110 1062* 108 61 10526 Sale 10226 Sale 10426 10526 106 Sale 112 89 252* Feb. 1072* Feb. 106 Feb. Feb. 25 3126 Feb. 17 3 107 % Feb. 17 3 1062* Feb. 21 1 1 6226 Feb. 5456 Feb. 2 10526 Feb. Feb. Feb. 11026 Feb. 21 112 1 10256 Feb. 10126 Feb. 10426 Feb. 18 10526 Feb. Feb. 9 106 106 Feb. 105 17 11 2 11 16 9 Feb. 25 192* Jan. 16 3156 Feb. 17 1072* Jan. 30 1082* Jan. 11 Jan. 21 10526 Jan. 4 107 Jan. 26 6226 Feb. Jan. 28 10526 Feb. Jan. 11026 Jan. 26 112 101 Jan. 13 10226 Feb. 3 10526 Feb. 1042* Jan. 53 104 106 Jan, 20 10636 Jan. 17 11 10 11 16 3 February Shares 36,000 139,000 106,000 44,000 119,000 % RANGE SINCE JAN. PRICES IN FEBRUARY AGGREGATE SALES In 53 NEW YORK CURB EXCHANGE March, 1939]' NEW YORK CURB EXCHANGE Since 1 Price Jan. 3 1939 Jan. 1 BONDS (Conctvded)— 72,000 Wla Minn Lt 8c Pow 8a...1944 518,000 Wlaconain P St L 4a A....1966 Shares Ask Bid Bid Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Feb. 28 Feb. 1 > Ask Bid Ask 10654 10754 10054 Sale 10654 Sale 10254 Sale 106 Sale 103 X Sale 106 10254 Feb. 1 10654 Feb. 15 3 10354 Feb. 28 10554 Jan. 24 10654 Jan. 4 10054 Jan. 3 10354 Feb. 28 102 X 254,000 Yadkin River Power Sa.. 1941 102 m? 8754 90 121,000 $♦ York Rye Co 5a 5a stamped ...1947 118,000 8754 90 10454 Sale '9054 91 9154 Sale 10554 Sale 10454 Feb. 6 10554 Feb. 15 10254 Jan. 93 94 Feb. 92 Feb. Feb. 2 1 94 91 2554 Feb. 2 26 1 26 26 Feb." 6 9454 Feb. 21 Jan. Jan. 4 10554 Feb. 15 5 5 94 2554 Feb. 2 Jan. 11 2854 Jan. 2654 Jan. 2454 Jan. 94 Sale 16 2454 Jan. 854 Jan. 26 1054 Feb. 10 90 89 17 Jan. 9454 Feb. 21 FOREIGN GOVERNMENT AND MUNICIPAL Agrtcul Mttfo Bk Rap of Col— 7,000 3,000 13,000 5,000 "i~,666 1,000 3,000 25 54 7,000 2654 30 28 24 24 Feb. Feb. 27 1 1054 Feb. 10 Feb. 27 18 '"Feb. 7 1354 Feb. 14 10 32 32 2454 24 H 26 30 30 30 854 854 8 54 15 15 15 7 7 15 17 17 17 16 16 16 20 8 7 11 17 ♦ JO-yoar 7a Antioquia (Dept) Colombia— ♦7s A ctfs of dep .....1945 ♦7s B ctfs of deposit 1945 ♦7s D ctfs of dep ...1945 ♦7s 1st ser ctfs of dep..1957 ♦7s 2d ser ctfs of dep..1957 ♦7s 3d series ctf of dep_1957 17 1154 26 24 24 7 7 7 6 6 20 11X 2554 15 15 15 30 Bogota, City of (Colombia)— ♦8s ctfs of deposit... ..1945 "7", 000 2654 26 54 •30-year 7a Caldas (Columbia)— ♦7 ctfs of dep "7",poo 32 Sale 32 32 Jon 15 1946 ..Jan 15 1947 ♦7a ctfs of deposit ;..1947 68 certifa of deposit 1947 ♦Baden (Germany) 1* 1951 1946 ♦Gnuc* Valley < Dept of) Rap of Colombia extl a f 7s.. .1640 29,000 ♦7s ctfs of dep 7,000 1948 7 6 Feb. 1054 Feb. 10 18 Feb. 7 19 19 Feb. . 16 27 20 8 1454 12 13 Sale 10 1254 Sale 12 Sale 8 13 54 20 11 20 23 23 40 40 2254 2254 25 25 2354 2354 25 ----- 15 15 92 27 27 95 8954 9554 1954 1954 9554 9254 27 27 98 H 9554 35 18 18 19 4054 35 IV* 20 1754 Feb. 24 1654 Feb. 6 20 26 Jan. 28 1154 Jan. 1254 Feb. 28 16 12 22 Jan. 31 2354 Feb. 21 22 Jan^JJl 1454 Jan, Jan. ♦Cant Bk of Gorman State A 7,000 6,000 9,000 7,000 2,000 2,000 16",666 60",000 9,000 32,000 Prov Banks 6s B ♦6a A 1952 Colombia (Republic of)— ♦6s ctfs of dep (A & O) .1961 ♦6s ctfs of dep (J & J)..1961 Danish Cons Munlc 5 Ha. 1955 5a Danxlg P 39,000 10,000 15,000 15", 000 1,000 10,000 20,000 1,000 1951 ........1953 1954 25 1954 25 9954 Sale 9754 9954 2 2354 Feb. 21 Feb. 6 24 1954 Feb. 17 2254 Feb. 23 93 Feb. 7 9154 Feb. 2 Feb. 8 1954 Feb. 17 9554 Feb. 20 9254 Feb. 8 1954 Feb. Jan. 17 Feb. 8 1954 Feb. 17 24 25 100 88' ~ Jan. 27 Jan. 9654 Jan. tc Wat'way Bd external a f 6 Ha. 46,000 1952 24,000 ♦German Cons Munlc 7a. 1947 ♦6a 1947 15,000 10,000 ♦Hanover (City) Ger 7a.. 1939 16,000 ♦Hanover (Prov) 6H«—-1949 22,000 ♦Lima (City), Peru, 6HS.1958 17,000 ♦Maranhao (State) 7a. 1958 46,000 ♦Medellln (Colombia) 7S.19K1 2,000 ♦6Hs ctfs of deposit... 1954 40 H 17 21 17 20 22 26 17 17 35 18 1654 1654 16 1654 1154 1254 654 10 11)4 Sale 754 20 , 1 19 22 Sale 18 22 11 Sale 12 754 754 Sale 1254 1454 954 18 10 12 8 16 11 3554 Feb. 20 1954 Feb. 15 19 Feb. 25 1654 Feb. 11 Feb. 1 28 \VA Jan. Feb. Feb. 28 11 17 654 Jan. 1154 Jan. 9 Jan. 12 Feb. 8 10 Feb. 2 10 Feb. Feb. 1 79 14 2 15 20 1654 Feb. 11 Feb. Feb. 25 Jan. 12 1854 Jan. 10 4 1154 Jan. 854 Feb. 17 1654 Feb. 1754 Feb. 21 854 Feb. 13 Feb. 754 Feb. 20 3554 Feb. 20 2854 Jan. 1654 Jan. 17 1254 11 Feb. 13 10 Feb. Feb. 14 2 Mendosa (Prov) Argentina 1,000 1,000 1,000 9,000 ♦7s Issue of May 1927 1947 ♦7a ctfs of dep (May)...1947 "T.666 ♦7s issue of Oct 1927...1947 1951 ♦7Ha>4s stamped.. Mtge Bank of Bogota— ♦7s ctfs Of dep(Oct.).—1947 21", 000 30",000 10,000 29,000 1,000 23,000 11,000 20,000 82,000 28,000 43,000 101,000 * 17",666 9,000 79 79 Feb. 1 28 2654 28 2554 Feb. 18 2554 Feb. 18 2554 30 24 32 24 32 2454 2554 30 30 2554 32 2654 32 24 26 24 26 1354 17 20 1454 Feb. 14 14 92 Mtge Bank of Denmark 5sl972 96 ♦Parana (Stateof). Bras 7a 68 ♦Rio de Janeiro 6HS....1959 8 97 9 7 ♦Russian Govt 6H* ♦5Ha . ...1919 1931 ♦7a... r Ex-dividend. ♦ Bonds being traded flat. t Reported in receivership. % 1454 Sale 1054 754 X 54 654 X X 1961 45 58 y± 1354 ottie Sale 13 54 1454 46 54 54 1354 1254 56 4654 10 Sale 1454 10 1054 854 * Feb. 9254 954 754 54 % Feb. 14 Feb. 15 Feb. 3 Feb. 21 Feb. 10 Feb. 1 79 Feb. 1 2554 Jan. 4 2554 Jan. 4 2554 Jan. 14 79 21 Feb. Jan. 20 16 28 96 20 10 2554_Jan""2l Jan. Jan. Feb. 3 10 23 3 23 96 Feb. 28 10 Feb. 23 854 Jan. 3 754 Feb. 54 Feb. 23 54 Feb. 16 554 Jan. 4 54 Jan. 54 Jan. 12 17 1154 Feb. 10H Feb. 21 14 Jan. 25 24 14 Jan. 2 754 Feb. 54 Feb. 54 Jan. "cons" consolidated. "conv" convertible, "cum" cumulative. *'m" mortgage, "n-v" non-voting. "vtc" voting trust "certificates, "w w" with warrants. "x-w" 65 1254 1254 11 1154 Feb. 21 1054 Feb. 24 1354 Feb. 1354 Feb. a Deferred delivery sales, in which no account is taken in computing range, are given below: No sales Abbreviations Used Above: "w i" when issued. Abbreviations Used Above: "cod" certificates of deposit. Sale 96 9 7 95 92 9 54 x Sale (City) Argentina— ....1945 ♦Santiago (Chile) 7a..... 1949 x a 77 2554 Sale No par value. Sold under the rule. Deferred delivery sale, Sold for cash. n 79 30 16 . ♦7s stamped... 5,000 79 2454 1931 •Mtge Bank of Chile 6s Santa Fe 13",6O6 77 a a 1 withoutjwarrants. 1 n Under the rule sales, in which no account is taken in computing range, are given below: Delaw. Elec. Pow. 554s, 1959, Feb. 28 at 10554. r Cash sales, in which no account is computing range, are given below: No sales taken in Chicago Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON CHICAGO STOCK EXCHANGE 484,000 Jan. 1 to Feb. 28 175 250 750 1,350 Bid 393,000 Com'wealth Ed 3*«.....1958 5,000 Stamped 109 $ 3,650 100 500 51 2,043 Allis Chalmers Mfg Co 58 Sale **43" 130 Sale 7 9 740 1,124 10,500 500 850 400 17,650 5,550 10,000 800 3,150 11,549 320 540 650 350 600 1,550 5,900 80 760 550 1,500 15,018 2,147 5,495 1,150 60 1,350 70 2,860 300 650 8,350 570 680 800 600 600 11,700 750 10 2,900 620 60 80 3,000 1,600 30 44,050 800 1,550 1,009 34* 3* 4* 17 40* Sale 20 Sale 36* Sale Sale * 33* 3* 3* 8* Sale IX Sale 3* 108* Jan. Jan. bah 11 16 20* 7* 15* — com..25 ale Sale 5H 5 Sale Sale Sale 18 8 Sale Sale Sale Sale 37 15 Feb. 15 Feb. Feb. Feb. Feb. Feb. Feb. Feb. 25 Feb. 8 11 10 1 Feb. 2 7 35 Feb. 16 Feb. 5 Feb. 1 1 7 Feb. 2 Sale 3* Feb. 14 14 9 10* Feb. * Feb. 1 40* Feb. 20* Feb. 17 Sale 7* Feb. 10 13 Sale 12 Sale 5 Sale Sale 5* 19 19* 27* Sale Feb. 13 18 7* 43* 20* 65* 159* 5* 10* 7 6 3* Feb. 3* Feb. 20 9 2* Feb. 3 * Feb. 9* 11* 9* 4* 27* 9* 3* 28 24 111* Feb. 25 3 109 Jan. 3 Feb. 7* 11* 8* 4* 24* 8* 4* 18* 23* 2 Feb. Feb. 10 Feb. 23 6 Feb. 1 Feb. 1 Feb. Feb. 10 1 Feb. Feb. 21 3 28 1 11 3* Feb. 27 25 4 Feb. 2* * 7* 3* Feb. 27 Feb. 18 Feb. 18 Feb. 16 7* Feb. 10 13* Feb. 11 9* Feb. 27 12 Feb. 2 10 Feb. 2 5 Feb. 2 Feb. 24 29 9* Feb. 28 Feb. 1 19* Feb. 27* Feb. 6 5 6 22 Sale 21 Feb. 11 22 Feb. 15* Sale 4 6* Feb. 14* Feb. 20 16 Feb. 17 9 Feb. 20 17 18 21* Sale 14 22 23* 14* 15 i.68 Sale i** Sale Sale 19* 12 67* 15 21 13* Sale 12 9 2* 8* 23 14* 22 74 102 Sale 45 Sale 52 4* it* 16 14* Sale Sale 15* 105 Sale 5* Sale 2 2 Sale 35 35 Sale 37 15 14* If 70 71* k 110 69 h Sale 8 2* 35 Sale 6 15 Sale 9 Sale 14* 65 * 7* 110 25 Sale 73* Sale 7* Sale 2* 3 16* 23 27* Sale 13 5* Sale 8 Sale Sale 8* 6* Sale 7% 6* 7* 3 2 2* 25 Sale * 7* 108* 110 70* 7y* Sale 8* 8* 3 3* 20* 23 28* Sale 12* 14 6 3 15* Feb. • Sale 14* 78* 1 70 * Feb. 1 Feb. Sale 8* Sale 14* 1* 35 14* 65 6 Feb. 20 Feb. 10 Feb. 1 Feb. Feb. 8 * Feb. 7* Feb. 14 110 70 1 27 27 8 13* Feb. 23 74 Feb. 28 * Feb. 27 6 5* Feb. 28 4 1* 1* Feb. 1 103 102 Feb. 52 3 46 Feb. 3 5* 3* Feb. Sale 16* Sale 15 14* 1* Sale 13* Feb. 67* Feb. Feb. 26 149* Jan. 3 Jan. 24 ,5 9* * 33* 3* 3* 1* Jan. 4 Jan. Feb. 10 Jan. 12 6 Feb. Feb. 20 Jan. Jan. 9* Jan. 19 3 11 3 Jan. 9 8* Jan. 20 3 Feb. 13 19* 8* 47* 20* 65* 159* 6* 10* 9 Jan. 17 Jan. 6 Jan. Feb. 3 17 Feb. 28 Feb. 28 Jan. 4 Jan. 25 Jan. 4 Jan. 36 17 27 3* Feb. Jan. 3 Jan. 23 5 2* Feb. * Feb. 27 * Jan. 6* Jan. 2* Jan. 26 Jan. 3 26 Jan. 14 *Feb. 10 11 27 4 5 5 3 28 19 7 Jan. 11 13 Jan. 24 7* Jan. 11* Jan. 8* Feb. 4* Feb. 22* Jan. 7* Jan. 4* Feb. 17* Jan. 23* Feb. 25 Jan. Feb. 26 4 7 13* Feb. 9* Feb. 18 13* 11* 6* 29* 9* 5* Jan. Jan. Jan. Jan. Feb. Jan. 12 20 Jan. 4 21 32 18 Jan. Jan. 3 24 23 J 23 6 24 3 10 4 11 Jan. 9 13 Jan. 26 Jan. 7] 17* Jan. 19 9 Feb. 20 10 6* Feb. 4 9 2* Feb. 7* Jan. 24 19* Jan. 27 28 Jan. 4 6 3* Jan. 5 9 Jan. 3 23 Feb. 28 6 5 14 Jan. 19 Jan. 28 16* Jan. 23* Jan. 12* Jan. 66* Jan. 31 15 Jan. 4 12 74 Feb. 28 Jan. 5 Feb. 6 Jan. 1* Jan. 26 103* Jan. 23 Jan. 16 * Jan. 5* Jan. 1* Jan. Feb. 6 Feb. 6 Feb. 16 100 Feb. 6 45 10 3 23 6 52 5 Feb. 6 4 5* Feb. 28 16* Feb. 28 15 24 16* Feb. 28 15 Feb. 2 Jan. 2 Feb. 1 14* Jan. 25 1* Jan. 24 34* Jan. 25 8 14* Feb. Feb. 28 37* Feb. 16 8 14* Feb. 78* Feb. 28 * Feb. 21 8 Feb. 8 110* Feb. 21 Feb. 1 Feb. 14 72* Feb. 1 7* Feb. 1 3 Feb. 2 19 Feb. 9 19 27* Feb. 1 28* Feb. 25 14 21 12* Feb. 15 7 5* Feb. 7 8* Feb. 15 30 21 15 22 6 21 Feb. 6* Jan. 9 6* Feb. 27 14* Feb. 16 Feb. 18 17 3 3* Feb. 4 8* Feb. 23 Feb. 28 21 14* Sale 51 20 8 Feb. Feb. 24 Jan. 26 4 Feb. 17 9 2* Feb. 7* Feb. 21 1 21* Feb. Sale 103* Feb. 9 3 Sale Sale 13* 6* 5* 1* Sale Sale 4* 15* 3* 7* 2* 7* 11* Jan. 58* Feb. 28 19 120 7 43 11 8 59 20* 6* 12 Jan. 26 39* Jan. 24 20* Feb. 17 15 9 Sale Jan. 17 Feb. Sale 55* Jan. 38* Feb. 28 25 18 Sale 14 15 Feb. 17 .20 * 83* 4 8 7 2* Feb. 8* Feb. 28 F eb. 2* 8 3 18 8 109 Feb. Feb. Feb. Feb. 21* Sale 6*" 7 SaL * 7h 18 34 3* 4* 2* ..... 13 8 Feb. Feb. 24 152* Feb. Sale vi 7* 2* 7* 11* 61 if 10* 34* 3* 3* 2* 39* Feb. 21 8 2* 2* 8* Sale 13 12* 18 18* 7* 43* Sale 20* 65* 159* 7 Sale Sak 15* 9 38* Feb. 18 Sale ik 8 7 17 9 101* Sale 7* 8 11* 12 9* 10 4* 5 25* Sale 8* Sale 9 „ Sale 27 8a. a 3* 4* 2% 18* Sal 17 22 40 a 2* 7* 2* 183^ 27 * Comm'wealth Edison 5h 20 32 36 14 10* 5* 29 * 7* 4* 58* Feb. 28 57* Feb. 120 39 1 7 12*. c 10* 2 * 8 Compressed Ind Gases cap..5 Consolidated Biscuit com_.„l Consolidated Oil Corp ♦ Sale" Sale 3* 68 114,110 1,950 2,500 3,677 7% Sale 7 * 2* 11 14 com 8 5* • 50 Coleman L'p Ac Stove 9 V4 Vi 61 58* Sale 121 152* .1 _ Sale "42" Sale Sale 5.800 Cities Service Co com......10 3,350 Club Aluminum Uten Co * 3,328 38 9 Commonlcapltal • 8,647 Chrysler Corp common.....5 390 57* 121 Sale 150* Barlow At Seellg Mfg A com. .5 Bastlan-Blesstng Co com * Belden Mfg Co common....10 Belmont Radio Corp * Bendlz Aviation Corp com..5 Berghoff Brewing Co 1 Blnks Mfg Co capital ...1 Bliss 8c Laughlln Inc com ..5 Borg-Warner Corp common.5 Brach 8c Sons (E J) capital ..* Brown Fence Ac Wire cl A • Common 1 Bruce Co (E L) com 5 Bunte Bros common.......10 Burd Piston Ring com ___1 Butler Bros common 10 5% convertible preferred 30 Campbell Wyant Ac Cannon 220 Foundry capital * 2,080 Castle Ac Co (A M) common. 10 300 Cent Cold Storage Co com.20 6,240 Central 111 Pub Serv pref...* Cant 111 Secur Corp— 1,800 Common 2,100 Convertible preferred • 30,800 Central S W Utll com 50c 790 Prior lien preferred • 1,510 Preferred 1,390 Central States Pr Ac Lt pref.* 1,250 Chain Belt Co com... » 1,100 Cherry Burrell Corp com...5 33,400 Chic Corp common ...1 5,500 Preferred. • 10 Chicago Electric Mfg A • 5,550 Chicago Flexible Shaft com.5 1,280 Chicago Ac N W Ry com..100 520 Chic Rivet 8c Machine cap..4 120 Chicago Towel Co conv pref • 110 If 5 com 370 Backstay Welt Co com 700 Barber Co (W. H.) com 950 2,200 21 1,780 Automatic Washer com.....3 3,999 Aviation Corp (Del) 3 51,700 tAvlation & Transport cap.l 150 7,060 4?S Sat* 54 Auburn Auto Co common...* 3,250 1,250 2,150 1,250 40,780 2 111 * Feb. 25 109 8 * 7,993 Amer Tel & Tel Co capital. 100 Armour Ac Co common ...5 Aro Equipment Corp com...l Asbestos Mfg Co com.. .1 Associates Invest Co com...* 1,100 Athey Truss Wheel capital..4 20 3* 7* 12* 19 H 18* 15,725 1,000 4,750 600 550 2,850 Pale 7 con? 850 Automatic Products 9* 25A pref__ * 750 American Pub Serv pref-.100 250 Highest Sale Prices Sale Prices Sale * 550 Allied Laboratories com 100 Altorfer Bros Ask Highest Sale Prices 111* 111* 109* Feb. 450 Allied Products Corp cl A.25 500 Common .......10 350 1 Par. 2,858 Abbott Laboratories com * 20 4* % cum conv pref.__.100 470 Acme Steel Co common....25 100 Adams (i D) Mfg com 1,200 Adfuaa Oil Ac Gas Co com...* 1,850 Advanced Alum Castings 5 3,350 Aetna Ball Bearing common.1 100 3,434 4,275 SINCE JAN. Lowest Lowest Ask Ask Bid Bid Sale Prices Feb. 28 1 Feb. 1939 Par 400 679 100 470 RANGE Price BONDS Jan. 1 200 $17,000 18,000 Jan. 3 Since STOCKS 1,434 ~ 1938 1939 PRICES IN FEBRUARY CHICAGO STOCK EXCHANGE AGGREGATE SALES % 340,000 1,002,000 Shares« $365,000 423,000 February Jan. 1 to Feb. 28__ 407,000 1,303,000 February In\ February jBonJd Sales 1938 1939 Stock Sales 72 Feb. 23 80* Feb. 28 9* Feb. 3 * Feb. Feb. Feb. 6 16 9 6* Feb. 20 8* Feb. 25 3* Jan. 62 Jan. Jan. 25 * Jan. 12 7* Feb. 27 110 Jan. 67* Jan. 66* Jan. 7 2* 18* 26* 12* 5* 4 37* Feb. 14* Feb. 78* Feb. 16 28 Jan. 4 8* Jan. 4 21 1 3 110* Feb. 9 Feb. 72 26 Jan. 84 Jan. 23 Jan. Jan. Jan. 4 Jan. 8 23 5 6 16 27 9* Feb. 3* Feb. 19 Feb. 24 28* Feb. 25 Feb. 15 7 Feb. 7 7 14 9 Jan. 25 15* Jan. 6* Jan. 9* Jan. 6* Jan. 24 Jan. 6 2 11 Feb. 21 19 8 7 Consumers Go— 150 360 40 200 110 390 981 361 176 ~ 1,096 390 1,050 650 940 75 550 600 1,050 40 2,595 50 Preferred Cum class A pref... Decker (Alf) 8c Cohn— Common 4,311 Deere & Co 35 10 Preferred 100 710 Deep Rock Oil conv 6* 2* 16 * 27* ioi 37 V* Sale o Sale X 56 14 16 26 Sale Sale * 13* 1 * 14* 24 26 103* 32* Sale 57 61 6* 2* 1 14 7* 2* 1 * Sale 26* Sale 34* Sale 70 Sale 16 Sale 14* 14* 16 Sale 16* 17 Sale 25 Sale 23 26 16* 38 * 20* 10* Sale * 18 Sale 2* 2* 6* Feb. 16 2* Feb. 21 3 * Feb. 13* Feb. 21 26* Feb. 16 8 6* Feb. 2* Feb. 21 1* 2* 30 37 25 15 19 Sale 19* Sale 18 Sale 21* Sale 24 Ig 29* Feb. 34* Feb. 28 60 72 Feb. 24 55 16 Feb. 25 14* Jan. 13* Jan. Feb. 21 14* Feb. 28 27* Feb. 27 Feb. 14* Feb. 14* Feb. 16* Feb. 24 24 Feb. 26 2 Feb. 17 11* Feb. 18* Feb. 10 Feb. 25 * 12* 21* 102* 24 Jan. Feb. 3 Feb. 28 18 Feb. 19 1 21* Feb. 28 1 18 Feb. 1 4 4 3 72 Feb. 12 16 Jan. 20 17* Jan. 26* Jan. 20 2 Feb. 17 Jan. 30 38 10 Jan. 5 19 15* Jan. Jan. 18 3 13 27 15 34 2* Feb. 37 10 Jan. Jan. 19 Jan. Jan. 26 16* Jan. Jan. 26 29* Jan. Jan. 13 102* Jan. 29* Feb. 14 37* Jan. 1 IV4X4. 102*' Sale 2% Sale 28 pref....* common.. 80 De Mets Inc pref For footnotes see page 56. ......100 2,573 Crane Co common.. 25 1,240 Cudahy Packing Co pref.. 100 1.801 Cunningham Drug Stores 2* 3,400 Dayton Rubber Mfe com • 290 ""216 V t c pref part shares 50 Com part shivtc A...50 Common part shs v t c B..* Container Corp of Am com.20 Continental Steel com • 2* Jan. 24 24 4 Jan. Feb. 4 28 28 21* Feb. 28 3 19* Jan. 17 CHICAGO March, 1939] STOCKS Jan. 1 February Shares 460 "320 200 400 500 2,600 500 207 RANGE SINCE JAN. 1 Price Jan. 3 Since In 55 EXCHANGE PRICES IN FEBRUARY CHICAGO STOCK EXCHANGE AGGREGATE SALES STOCK Bid Ask 680 Dexter Co (The) con.. 6 380 Diamond T Motor Car com..2 4% 805 Dixie-Vortex Co com • 350 Class A..................* 12 ^ 33 8% 850 Dodge Mfg Corp common...* 850 Eddy Paper Corn (The).....* Ask Bid 5 454 Bid 4 5 19^ 42% Sale 35 Sale 15% 3h 21 Sale Lowest Ask Sale Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices 454 Feb. 5 Feb. 18 11 3 Feb. 7 27 754 654 Sale 9 14 6,140 El Household Utl) Corp—-.5 2,400 Elgin Nat Watch Co 15 1,038 Fairbanks Morse com.......* Feb. 28 Feb. 1 1939 Par Shares 1054 Sale 3254 3454 754 854 1454 Sale 354 354 1954 Sale 37 39 Sale 37 454 Jan. 7 1054 Feb. 3354 Feb. 754 Feb. 1454 Feb. 354 Feb. 1954 Feb. 3754 Feb. 355/ Feb. 854 1654 354 2054 3954 27 19 25 1454 Feb. 354 Feb. 15 Feb. 16 10 254 Feb. 1 2 Jan. 16 3 Jan. 24 Jan. Jan. 4 Jan. Feb. Jan. Feb. Jan. 3 27 21 Feb. Feb. Jan. Feb. Feb. Feb. Feb. Feb. Feb. 20 24 17 5 954 1254 3554 854 1654 354 Jan. 1054 33 *4 754 1454 6 20 5 Jan. 6 4354 Jan. 1954 Jan. 3554 Jan. 4 20 31 Fits Simons A Connell Dock 1,100 100 850 2,300 A Dredge Co com 400 Four-Wheel Drive Auto * 10 1,450 1,200 - . 2,550 Fox (Peter) Brewing com...5 5,700 Fuller Mfg Co common.....1 2,100 Gardner Denver Co com....* . ... - 313 250 1,200 1,575 . 6.942 273 551 ...... 750 1,263 1,000 200 S3 cum conv ..20 pref 903 General Amer Transp com__5 650 General Candy Corp A 5 2,800 General Finance Corp com. 1 2,697 General Foods common.....* . 10,150 Gen Household (Jtil com....* 18,595 General Motors Corp.. .10 603 General Outdoor Adv com..* 971 Gillette Safety Razor pref..* 40 Godchaux Sugar Inc cl A * 2,300 Goldblatt Bros Inc * com 4,062 Goodyear Tire & Rub com..* 2,900 Gossard Co (H W) com • 6,750 15,900 Great Lakes DAD com....* 1,212 2,376 Hall Printing Co com 10 140 Hamilton Mfg cl A part pf..l0 700 Harnischfetfer Corp com..10 9,050 Heileman Brew Co G cap—1 10 50 6,950 500 900 Heln Werner Motor Parts..3 140 270 700 Hlbb Spencer Bartlett com. 25 840 Horders Inc common.......* 200 350 Hormel A Co (Geo) 1,218 250 1,855 850 1,812 450 — ... ... 193 1,256 ....... 170 com A..* Houdaille-Hershey— Class B— * 500 Hubbell, Harvey, Inc com..5 3,483 —... 2 13% 59 58 % 11 Sale Sale 10 26 Sale 11 127* 554 Sale 6% Sale 7 854 Sale 37 1154 2354 1 com 706 Inland Steel Co capital * Harvester com * 20 Interstate Power $7 pref • Internat 350 450 Jefferson Electric Co com— * 700 Joslyn Mfg A Supply Co com 5 1754 Sale 1054 12 Sale 5,200 Katx Drug Co com.... 1 6,400 Kellogg Switchboard com...* 10 Preferred ltO ....... 654 Sale 4 454 93 9454 6054 Sale 254 754 254 3 1654 1 854 26 2654 2054 21 45 41 Sale 654 Sale 454 70 85 Sale 29 715 1,305 Kentucky Utll Jr 140 250 6% preferred... 400 Ken-RadTube A Lp com A._* 2,450 Kerlyn Oil Co common A...5 2,700 Kingsbury Brewing Co cap.l 1,600 La Salle Ext Unlv com. 5 6954 110 Lawbeck Corp 6% cum pfdlOO 2,500 Leath A Co common * 29 70 100 50 200 1,573 750 480 200 ...... 400 Lindsay Light A Chem com 10 30 Preferred t0 Oil Ref Co 150 Lynch Corp 1,600 17,800 6,500 760 200 44,700 1,300 250 80 620 30 10 170 700 254 com common * common * 5 common 730 McCord Rad A Mfg "A" • 70 McQuay-Norris Mfg com * 500 McWllIiam Dredge com.....* 2,800 Manhatt-Dearborn Corp com* 65,850 Marshall Field A Co com * 9,850 Mer A Mfrs Sec cl A com 1 1,370 Prior preferred • 40 Metrop Indust allot ctfs 2,500 Mickelberry's Food Prod coml 123,370 Middle West Corp capital 5 3,450 Midland United Co com....* Convertible preferred. 3,000 * 1,230 Midland Utll *% pr lien.. 1W 1,500 7% prior lien.. 1M 3,152 7% preferred A.........100 5,750 6% preferred A...... 100 280 Miller A Hart Inc conv pref 1,250 Minneapolis Brew Co com 1 Sale 5 2954 Sale 8 26 30 16 1754 12 Sale 27 Sale 254 4 7 54 454 54 l*, % ?* Sale 1254 1354 454 Sale Sale 1154 12 254 254 40 54 Sale 6 Sale lA 754 Sale 1254 3154 Sale 1054 1054 2554 Sale 1154 3454 1 2 54 Sale 7 o Feb. 1 Feb. 16 Feb. 25 Feb. 1 59 Feb. 28 1154 Feb. 24 254 Feb. 14 4054 Feb. 28 1 4 Feb. 2 7 4954 Feb. 28 654 Feb. 7 754 Feb. 28 11 1154 6 554 Sale 954 Feb. 8 454 Feb. 24 854 37 13 2554 754 Feb. 21 3554 Feb. 10 37 Feb. 3 12 Feb. 4 13 Feb. 4 24 Feb. 4 2454 Feb. 4 454 754 Sale 8 54 Sale 36 37 854 754 3554 1254 2454 2354 2454 14 54 1054 154 Sale 1154 154 554 654 1654 Sale 2054 Sale 354 57 5 1554 Sale 12 1154 154 Sale 554 18 Sale ' Sale 554 454 1554 Sale 2354 Sale 5 7 Feb. Feb. 28 5 Feb. 1 2 854 Feb. 854 Feb. 17 1 1354 Feb. 23 1154 Feb. 21 154 Feb. Feb. 11 1 8 554 Feb. 20 1554 Feb. 20 2054 354 20 Feb. 7 89 91 61 Sale 8454 Feb. 5654 Feb. 2 7 Feb. 7 1554 Feb. 1 20 354 4 85 Sale 84 1154 Feb. 24 454 Feb. 24 Sale 6 Sale 13 2754 Feb. 28 1254 Feb. 2 3454 Feb. 28 Sale Sale 12 Feb. 15 Feb. 1 Feb. 25 Feo. 2 11 9 54 5 1154 3154 1054 2554 27 4 12 Feb. 15 1454 Jan. 354 Jan. Jan. 3 54 12 13 Jan. 20 254 Jan. 31 Jan. 24 14 Jan. 7 Jan. 25 5954 Jan. 17 5054 Jan. 26 60 Jan. 5 Jan. Feb. 3 25 Feb. Jan. 24 7 36* Jan. 28 Feb. 28 3 Jan. Jan. \VA 19 16 3954 42 454 Sale 554 Sale 70 85 30 33 8054 ----- 7 9 354 Sale 54 Sale 254 254 2854 35 354 Sale 25 2954 654 754 554 Sale 454 Sale Sale 254 254 954 10 1754 1854 1754 Sale 154 154 32 29 654 254 454 1754 1854 2354 Sale 18 1954 Sale 45 354 454 554 Sale 71 1554 Feb. 28 1254 Feb. 16 154 Feb. 7 Feb. 6 3 1854 Feb. 28 2054 Feb. 1 2954 16 1254 454 2654 Sale Sale 2754 18 Feb. 28 61 35 31 254 754 554 454 31 254 954 1751 1754 154 2954 Feb. 5 1754 Feb. 18 Feb. Feb. 1 24 24 18 18 Feb. 16 Feb. 24 41 Feb. 10 45 Feb. 4 Feb. 20 5 4*4 Feb. 554 Feb. Feb. 16 15 32 Feb. 2 36 Feb. 83 Feb. 6 86 Feb. 354 4 754 Sale 54 Sale 354 454 Sale 54 Feb. 254 Feb. 1 10 Feb. Feb. Feb. Feb. 2 3 Sale 2954 1554 54 Sale 14 54 Sale 454 Sale 2754 Sale 7 6 6 9 5*4 Feb. 8 454 Feb. 21 51 5% Feb. 54 14 254 Feb. 3 1754 Feb. 20 165i Feb. 23 154 Feb. 9 554 Feb. 27 10 27 Feb. 1454 54 1254 454 2754 Feb. 17 6 Feb. 1 Feb. Feb. 21 3 Feb. 354 754 Sale 54 % 354 Sale 54 Sale 54 Sale 54 54 354 M 25i 354 31 Sale 13 14 4 6 854 Jan. 1154 2954 1054 2454 854 1854 254 4154 954 20 3 354 754 54 35-4 54 54 *4 54 254 854 19 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 9 4 17 1854 1354 Jan. 3754 Jan. 23 11 14 2754 Feb. 28 854 Jan. 454 Jan. 28 1154 Feb. 24 4 654 Jan. 754 Jan. 3454 Jan. 1154 Jan. 4 27 37 Jan. 5 13 Feb. 3 4 Feb. 4 2454 Jan. 13 1254 Jan. 26 1754 Jan. 1254 Feb. 254 Jan. 3 16 5 24 24 Jan. 12 154 Jan. 24 554 Jan. 1454 Jan. 1954 Jan. 25 11 26 26 Jan. 26 Jan. 4 94 54 Jan. Jan. 26 61 Jan. 10 12 7954 5254 254 254 1554 2154 11 Jan./ 26 Jan. 5 Jan. 4 Feb. 16 Feb. 15 Jan. 3 3 27 16 b 29 6954 Jan. 1 Jan. 1 754 Feb. 24 Feb. 6 454 Feb. 3 Feb. 1 254 Feb. 2 1854 Feb. 25 1754 Feb. 27 154 Feb. 17 23 12 30 Jan. 7 Jan. 25 Jan. 2h 21 654 554 454 4 9 Feb. 9 24 6 20 Feb. 9 7 14 254 Feb. 7 17 Feb. 2 32 Feb. 1354 Feb. 14 Feb. 23 1454 Feb. 25 31 1 Jan. 18 Jan. 4 Feb. 7 1 Jan. 31 8 Jan. Jan. 27 2 Jan. 3 28 175? 654 Jan. 554 Jan. 31 Jan. 254 Jan. 954 Jan. Feb. 20 20 1654 Feb. 154 Jan. 23 1854 Jan. 4 13 15-4 Jan. 18 Jan. 16 3354 Jan. 20 3 20 Jan. 8 Jan. Feb. 10 30 Jan. Jan. Jan. Jan. Feb. 2654 Jan. 27 1654 Jan. h Jan. 554 Feb. 27 19 30 21 23 7 Jan. 54 354 54 54 54 54 Jan. Jan. 4 Feb. 24 Feb. 21 Jan. 11 Jan. 2 Jan. 6 4 17 3 Jan. 21 11 Jan. 9 19 4 454 Jan. 19 Jan. 23 20 |k 3* Jan. Jan. 10 Jan. 31 9 9 Jan. Feb. Feb. 24 22 754 Jan. Jan. 16 7 254 254 Feb. 14 Feb. 554 Jan. 2854 Feb. 16 354 Jan. 19 15 6 454 Jan. 854 Jan. Jan. Jan. 12 Jan. 20 754 Jan. 26 Feb. 23 754 Jan. 26 3054 Jan. 25 13 54 Feb. 14 32 4 Jan. 18 3 1 Jan. 28 1854 Feb. 25 1*4 Feb. 28 17 Jan. 24 Feb. Jan. 43 17 4054 Jan. 31 30 Feb. 30 4 3 4 6 25 28 1454 54 1154 454 Feb. 16 Jan. Jan. 9 27 1 Feb. 754 354 % 254 354 Feb. 21 9 54 Feb. 9 54 Feb. 21 86 25 Feb. 17 8 9 9 27 4 Jan. 10 454 Feb. 2854 Feb. 15 Feb. 12 29 Feb. 17 3 Feb. 36 Jan. 754 Feb. Feb. 454 654 Jan. 7954 Jan. 22 1454 Feb. 54 Feb. 3 254 Feb. 4 26 1 3 18 Jan. Jan. 18 1 Feb. Feb. 1 1 6 9 10 24 1754 24 7 21 28 Feb. 5 Feb. 21 1 10 Feb. 254 Jan. 45 24 10 654 Jan. 2054 Jan. 2254 Jan. 24 Feb. 15 7 3 17 11 3954 Jan. Feb. 27 Jan. 554 Jan. 854 Feb. 854 Jan. 5 13 Jan. Jan. 24 354 Feb. 6 4 10 Jan. 1954 Jan. 17 30 5 11 26 354 Feb. 54 Feb. 254 Feb. 25 Jan. 24 6 154 30 4 26 24 354 Feb. 3 854 Feb. 6 *4 Feb. 3 354 Feb. 28 54 Feb. 24 1554 Feb. 6 854 3154 Sale 1354 1554 5 Jan. Jan. 5 11 5 Feb. 7954 Feb. 15 31 654 Jan. 854 Jan. Jan. ----- 17 16 4 26 Jan. 16 51 754 3154 1554 Jan. 3254 14 54 "20~" 7 954 Jan. Feb. 29 26 t« 654 26 Jan. "354~Feb"."I6 25 8 554 Sale 3454 254 10 1854 Sale 154 32 24 23 30 354 26 23 3 16 - 43 54 Jan. 354 Jan. 9154 Feb. 7954 Feb. 80 3654 37 8354 8754 954 9 354 354 54 Sale 254 Sale 6 8 1454 54 54 18 1154 254 4054 54 X254 5 254 3 17 5 7 Jan. 12 30 1454 Sale 4 5554 1154 254 3854 4554 Feb. 554 Feb. 1 2 1354 Feb. 3 33 "1254 3 9 17 13 59 Sale VA 3254 16 Feb. 20 Feb. 15 Feb. 4 Feb. 11 1254 Feb. 63 Sale 4954 21H 50 Nachman SpringflUed com.* 690 National Battery Co pref...* 315 Nat'l Bond A Invest com...* 13 1354 354 1254 254 Jan. 4654 Sale 554 654 Sale 754 2254 354 254 59 59 Sale c 4 13 1254 63 5554 Sale 11 1154 3 254 3854 Sale 19 21 14 354 254 16 25 """400 100 Nat'l Pressure Cooker Co 1254 ..... Sale 460 Muskegon Mot Spec class*'A*'* 150 31 954 954 1954 Sale 1854 19 154 154 3254 35 230 100 13 1254 30 Sale 2 4?* 300 254 3154 754 654 Sale 500 atodlne Mfg com * 100 Monroe Chemical Co com...* 50 Preferred • ...... Sale 954 Sale Sale 25 3 1,050 Le Rol Co common........10 3,960 Llbby, McNeill A Llbby * 4,300 Lincoln Printing Co com ...* 630 $3.50 preferred • 505 Liquid Carbonic 1,650 Loudon Packing 50 8 354 7 preferred 1,250 Lion 20 pref.50 ....100 22 Cumulative 281 380 cam * 70 450 1,050 11% 24% 23 250 Indiana Steel Prod 1454 454 12 33 1154 3654 Sale 5,400 J arris (W B) Co capital.....1 500 Sale 254 3 39% Sale 54 Sale 49% Sale 654 654 754 Sale 21 3,378 1254 354 56 14M Sale 20 200 1,250 1,100 12% 4% 10 2% 3,950 Illinois Brick Co 1" 4,537 Illinois Central RR com.. 100 1,050 (ndep Pneum Tool v t c * 2,100 10 9% 2 $6 preferred .......* 690 Iron Fireman Mfg Co v t C • 1,750 2,850 4 1 5,835 Hupp Motors com 440 550 12 1554 Jan. 4 4 Jan. 18 1 Jan. 28 Nat 220 Republic Invest Trust— Cumul. conv. pref.. ... 240 1 Feb. 1 1 Feb. National Standard- 250 100 2,650 650 10 100 3,600 600 ( ) 1,110 320 ...... 463 320 1754 20 154 154 2254 Sale 254 3 Common stock..........10 1,350 1,850 National Union Radio com..l 6,100 Noblltt-Sparka Ind Inc cap. 5 20 1,400 North American Car com 20 Northern Paper Mills com.* 650 North 111 Finance com 1S8 .* 10,250 Northwest Bancorp com....* * 2,050 Northwest Eng Co com 1,270 Nor West Utll pr lien pref.100 389 7% preferred 100 20 Nunn-Bush Shoe com. 7% 743 Omnibus Corp v t c com * * 320 Ontario Mfg Co com..... 754 1454 1154 L254 1254 1654 Sale 16 Sale 1454 14 1754 10 1554 8 2754 1654 Sale 11 754 1454 4154 Sale 16 Sale 14 Sale 1254 1554 8 14 1654 145-4 154 24*4 254 Sale Sale Sale 10 7 1154 11 h 854 Sale 165$ 17*4 43 45 1354 1254 1954 1554 12 14 20 13 1754 l*i 2254 254 7% Feb. Feb. Feb. Feb. Feb. 11 Feb. 754 1554 415-4 1354 Feb. Feb. Feb. Feb. 1754 Feb. 12 Feb. Feb. 154 Jan. 4 9 21 254 Feb. 21 1 754 Feb. 1154 Feb. 20 6 Jan. 28 11 Jan. 26 2o 9 Jan. Feb. 15 7 Jan. 24 26 1654 Feb. 16 14] 403 Jan. 6 Feb. 6 13 Ja 18 16 20 14 13 Feb. Feb. 10 Jan. Jan. 12 21 Jan. 12 JK 26 254 Feb. 24 4/54 Feb. 14 26 1954 Jan. Jan. 9 k Feb. 1 Jan. 7 Feb. 15 1754 Jan. 4754 Feb. 16 9 6 1. 31 18 Feb. 6 28 1354 Jan. 4 25 1254 Jan. 1554 Jan. 30 20 Feb. 25 25 12 14 13 Feb. 25 7% Jan. 6 Feb. Oshkosh B'Gosh inc— ..* 754 2554 350 500 Parker Pen Co (The) com..10 15 54 50 1,350 Pea body Coal Co B com....* 10 50 20 450 350 • 1,379 1,686 550 350 1,900 320 300 1,700 Common 60 Convertible preferred 40 6% preferred..........100 1,700 Penn Elec Switch conv A.. 10 1,200 Penn Gas A Elec A com 3,366 Pennsylvania RR capital..50 2,952 Peoples Gas Lt A Coke caplOO * 1,090 Perfect Circle (The) Co 500 Pictorial Pap Pkg com ....5 2,800 Pines Wlnterfront com 1 1,195 Poor & Co class B....._..._* 550 Potter Co (The) com 1 7,385 Pressed For footnotes see page 56. Steel Car common..1 .JA 8 754 2654 8 3054 754 2954 3054 13 15 12 1454 54 h 5 31 Sale 1354 454 2054 3654 Sale Sale Sale 25 Sale 27 3% 4 54 Sale 1254 1354 54 1 1154 Sale 54 54 20 30 15 Sale 5 Sale 2254 Sale 3654 Sale 2754 2654 4 Sale 54 Sale 1454 Sale % 54 1254 Sale 2854 Feb. 1354 Feb. 54 Feb. 2854 Feb. 1454 Feb. 54 Feb. 20 30 Feb. 31 Feb. 7 1354 454 1954 3454 2654 35-4 54 1254 54 1154 Feb. Feb. Feb. Feb. Feb. 15 Feb. 554 2254 4054 2754 Feb. 7 24 Feb. 28 Feb. Feb. Feb. Feb. Feb. 4 54 1454 54 1254 6 754 Jan. 7 2754 Jan. 13 54 Feb. 21 54 Jan. 16 30 Feb. 7 2854 Feb. 1554 Jan. 8 Jan. 10 7 31 Feb. 9 13 54 Feb. 1 Jan. 4 354 Jan. 1854 Jan. 13 Feb. 24 26 4 Feb. 34 Jan. 26 Feb. 2554 Jan. 31 2454 Jan. 4054 Feb. 2754 Feb. 354 Feb. 17 Feb. 28 54 Feb. 2 Jan. 10 1154 Jan. 5i Jan. 28 Feb. 28 Feb. Feb. 28 Feb. 17 Feb. 28 3 26 454 16H 6 8 Jan. 4 Jan. 3 1454 Jan. 5 56 CHICAGO In CHICAGO STOCK EXCHANGE Jan. 3 1939 PRICES IN FEBRUARY Since February Jan. 1 Shares 150 1.130 260 200 Par Shares 250 Process Corporation com...* 2,030 Quaker Oats Co com...... ..* 430 Preferred. 1M 1,000 Raytheon Mfg Co com rtc 50c 600 130 800 11,550 EXCHANGE Price STOCKS AGGREGATE SALES STOCK Bid Feb. Bid Feb. 28 1 Ask Ask Bid k XX 117% Sale % 1 114% Sale 156 Sale 150 2 Sale Lowest IX k iox ii % X 10% % % Sale 11434 Feb. 154% 15134 Feb. Feb. IX 2 Feb. X 1 10 Feb 10 iox % 11% 1 Highest Sale Prices X Feb. 3 122 152 16,550 6% preferred » tc—.....5 530 Reliance Mfg Co Common. !• Ask RANGE SINCE JAN. Lowest Highest Sale Prices Sale Prices Sale Prices 34 Feb. 17 1 12234 Feb. 21 16 156 Feb. 1 1 :5S 2 Feb. 1 Feb. Jan. Feb. Jan. 5i Jan. 34 Feb. 15 11 Feb. 3 54 11334 15134 154 7 10 % Jan. 27 12234 Feb. 21 157 Jan. Jan. 20 34 Jan. 23 Jan. 5 2 Feb. 11 12 Rollins Hos Mills- 400 500 : 2,705 1,050 , 1,300 Sangamo Electric Co com...* 850 Schwltzer Cummins capital. 1 6,587 Sears Roebuck 5c Co com. ...* ..1 2,000 Serrick Corp cl B com 90 Slgnode Steel Strap Co pf.30 250 w - - ~ 850 . J ^ * Common 105 90 _ 2,036 UX Sale 4 20 58 pref20 11 1,200 Standard Dredge Common 4,250 1,850 175 cony 1 457 Standard Gas & Elec com... 3.336 50 8,851 Stand Oil of Ind capital 1,711 5,956 Stewart-Warner Corp com 100 Stein & Co (A) common.. 300 550 850 Storkline Pur com * 25 * 5 10 ... 1,240 Sunstrand Mach Tool com..5 10,069 Swift Be Co cap stk 25 3,729 1,596 4,611 Swift International 550 15 1,167 L 2,166 t 3V653 UiiiteU*Air 496 3,250 1,950 950 70 ; 1,000 50 4,385 10 653 835 450 50 20 7,850 Utah Radio Products com.. * 3,350 Utility & Ind Corp com 5 Convertible preferred 7 1,750 90 Viking Pump Co common...* Preferred............. 2 3H Sale 10 12H 12 X Sale 5 15 li* .._..* 1,150 Wahl Co com 5,876 Walgreen Co com.; • 250 Ward (Montgom) 5: Co cl A.* Common * 8,006 245 Wayne Pump Co capital 1 2,252 Western Union Teleg com. 100 1,769 West'house F1 & Mfg com. .50 Sale 90 X Sale 12 k 'Sale uox Sale * 1,000 Wleboldt Stores Inc com Cum prior preferred 10 650 Williams Oil-O-Matic com.. 6 3X Sale 2i .... 100 3,312 L Transp fcap_,_.5 1,232 U S Gypsum Co common. 154 3% 28 X 8X Sale 1854 Sale 27 X Sale 1,475 Thompson f J R) com......25 1,600 Trane Co (The) common....2 3,359 Union Carbide & Carbon cap* 900 80 12 k 1854 Sale J 20 39 32% Sale 23% Sale 119 8% Sale 80 90 2k 3 * 9 8% Sale 73% Sale 2 it4 8k 17 X 28 26 % 11 13 9 11 18 18% 234 Sale 1054 19% 12% 2% 3% 1$ 39 Sale 40 70 75 Sale 41 79 13 Sale 1234 1% 3% 25% 11% 3X Sale 10 11 Sale 12X 11 Sale 27 X Sale 3% 1324 14 Sale J 1534 Sale 1234 Sale 4 3% 84% 12%. 9634 1% !oH: Sale Sale 10W. Sale 39 Sale ill* Sale 19 Sale 5X 8% 19X Sale 27 X 27% 6% 8 3% 13% 2 Feb. 14 6754 Feb. 234 Feb. 1 74 2 3 8 1034 Feb. 25 Feb. 834 Feb. Feb. Feb. IX Jan. 1934 Jan. 25 23 7 23 Jan. Feb. 30 14 27 6634 Jan. 25 8 9 Feb. 28 11 "Feb". 14 1434 $ 17% 1254 3954 7454 1234 154 334 2634 Feb. Feb. Feb. Feb. Feb. Feb. Feb. 11 Feb. 27 20 28 27 20 20 20 Feb. 8 1854 Feb. 2654 Feb. 334 Feb. 1334 Feb. 1 „ 2 2 6 Feb. 23 1034 9034 154 34 134 1734 Feb. 1 20 Feb. 23 1 Feb. Feb. 28 4 Feb. Feb. 21 1554 Feb. 28 3954 tfeb. 27 VA Feb. 20 1134 •634 934 1954 2834 Feb. 28 2 Feb. Feb. 27 Feb. 27 Feb. 17 934 534 8 1834 2654 145 Sale 54 Feb. 9 Feb. 1 Feb. 2 162 Feb. 2 1 5234 Feb. 28 2X Feb. Feb. 34 Feb. Jan. Jan. Jan. 34 Jan. . 7 23 27 30 134 Jan. 254 Feb. 16 25 9 Jan. Jan. 26 2734 Jan. 25 Feb. 16 20 2 Jan. 21 19 10 11 Jan. 26 1234 634 934 1934 2834 Jan. Feb. 5 Feb. 27 19 Jan. Jan. Jan. 2 Feb. 17 Jan. 16 5 Jan. Jan. 4 Jan. 4 Jan. 5 5 6 6 Jan. 34 Feb. 134 Feb. 1834 Feb. 21 39 Jan. 1 Jan. 25 6 1854 Jan. 3 Jan. 24 4 163 4454 Jan. 5234 Feb. 28 3 3254 Jan. 4 2454 Jan. 2054 9854 834 8034 234 16 Feb. 21 Jan. 26 11954 Jan. 9 Jan. 3 Jan. 4 8034 Jan. Jan. Jan. 16 254 Jan. 454 4% 7754 134 14 254 Feb. 30 155 90 254 16 25 54 Feb. 1654 Jan. 28 6 Feb. Feb. 1334 234 334 2934 3 26 23 1534 Jan. 1 Feb. Feb. 28 Feb. 27 4 16 334 13 Jan. 1534 81 Feb. 9054 954 Jan. 26 13 34 9034 Feb. 23 11254 154 Jan. 21 234 8 1 2954 Feb. 21 2234 1 113 Feb. Feb. 14 834 4 Jan. 9 1934 Jan. 134 Jan. 5 26 26 14 Jan. 334 Jan. 2 Feb. 18 1534 Jan. 4 16 24 Jan. Feb. Jan. 5 7 10 11 17 4 30 Jan. 12 2 3 Feb. Feb. 27 6 Feb. Feb. 28 1 Feb. 4 Feb. 6 34 Feb. 6 134 Feb. 1834 Feb. 21 4 Jan. 3 26 Jan. Jan. Jan. Jan. 20 Feb. Feb. Feb. Feb. 354 1354 8534 1254 10154 134 934 Jan. 7434 Jan. 3 Jan. Jan. Feb. 1 26 1554 Jan. 42 * Jan. 7 26 27 1334 234 354 2734 6 6 Jan. Jan. \ly* 25 90 Jan. Feb. 75 4 234 Jan. 5 106 Jan. 1234 3954 73 1154 154 334 26 ll 162 c 1734 Sale 80 16 Jan 39 Sale ■ 3 1 934 Feb. 14 534 Feb. 20 4734 29 30 2954 21X Sale- 22H Sale 2054 113 114 107X Sale 10554 7X 8X 834 854 7% 90 27 104 39 Sale 157% 162 48% Sale 29% Sale 27 9 90 81 100 Sale Jan. 1734 Jan. 134 Jan. . 14 106 26 2% Jan. 25 2534 Jan. 24 1034 Feb. 21 1854 Feb. 2§ Sale % 2% 21 1754 Feb. Sale Sale >4 IX ..... 80 234 Feb. 16 "92" 27 5% 2334 Feb. 10534 Feb. 90X Sale 74 8 4 91 90 134 Feb. 28 1% IX 104% 105% 105% 17 118 * 8 1 143 M 160 51X Sale * 27 24 39 120 St Louis Nat Stockyards cap * 80 2% Sale 1.934 2 19% 23 Sale 4,776 Spiegel Inc common........2 84 St Joseph Lead capital 10 350 1% Sale 120 Southwestern Lt Be Pow pfd.* _ 190 ~ Sale Sale 28 50 Shyer Steel Castings com...* 1,650 South Bend Lathe Wks cap 5 30 Sou Colo Power A common. 25 340 Soutbw G5cE Co 7% pref.100 - 300 - Sale 21 Ji Sale Common.................! 20 Ross Gear 5c Tool com......* Jan. Feb. Jan. 14 554 Jan. 18 10 7934 Jan. 31 Feb. 16 5 5 4 11 Wisconsin Bankshares— 2,750 400 530 350 . 1,302 8,000 * 7,850 2,250 1,112 650 1,852 Common Woodall Indust 4k com...... Yellow Cab Co Inc 21,350 Zenith Radio Corn No par value, ..2 .5% Wrigley (Wm Jr) Co capital.* Yates-Amer Mach cap.. 5 "ik "1% 8% * 20 X t Formerly the Cord Corp. a 5k 4% 5 78 (Chic)..* com Sale 9% Sale 2 5 5% Sale Sale 9X Sale 17% Sale 534 Sale 434 5 7934 Sale 134 2 8 % Sale 19 Sale 454 Feb. 7 454 Feb. 14 77V* Feb. 6 16 7 21 534 Feb. 27 5 Feb. 3 7934 Feb. 20 2 Feb. 1 934 Feb. 1 5 x Jan. 13 1554 Jan. 1954 Feb. 28 Includes 528,300 Commonwealth Edison rights traded during month, 3 26 Ex-dividend. 534 Jan. 19 Feb. 1 934 Jan. 2234 Jan. 20 2 4 RANGE OF PRICES ON BALTIMORE STOCK EXCHANGE Stock Sales Shares- Jan. 1 to Feb. 28--_ AGGREGATE SALES In - 1938 30,505 94,413 42,101 Shares 85~706 29,700 2,500 6,000 19,000 "Y.ooo 2,000 1,000 1,000 BONDS Jan, 1 - STOCKS 1,160 1,142 _* 50 163 Atlantic Coast L (Conn) 1,954 Bait Transit Oocom vtc 1st preferred vtc 3,764 41 15 715 250 175 — v 1 1 100 com. 98** 101 101 50 35,049 tJ 30 2 10 1 6% preferred S Fidelity & Guar.. 20 Western National Bank value, x 22** 26 ----- 102 85** 1015* 101 101 101 101 101 102 - 225* Sale 87 Sale 99** 100 995* 102** 20** Highest Lowest Highest Sale Prices Sale Prices Sale Prices 21 24** 85** 101** 99** 108** Feb. 23 23 J* Feb. 6 20 Feb. 21 26** Feb. 4 225* Feb. 17 84** Feb. 16 86 Feb. 2 102** Feb. 9 101 Feb. 23 96 Feb. 9 100 101** Feb. Sale Sale 101 101 2 101** Feb. 2 Feb. 28 101** Feb. 7 Feb. 28 101 Feb. 28 102** Feb. 7 102** Feb. Sale Sale 50c 1.50 Sale 21** 225* Sale 205* Feb. 7 Jan. Jan. Jan. Jan. Jan. Jan. 101 Jan. 101 Jan. 101 Feb. 101 Feb. 102** Feb. 27 108** Jan. 3 24** Jan. 3 27** Jan. Jan. 10 86 12 102** Feb. 27 21 20 18 9 Feb. 23 101 Jan. 31 101** Feb. 2 101** Feb. 7 101 Feb. 28 102** Feb. 7 17 33 31 28 28 7 100 25 Feb. Feb. 24 Feb. 15 Feb. 14 23 22 19 Sale 115** Sale ~~5*| "1% 12** 119 32 14** 7** Sale 4** 5 135* 14** 116 Sale 35 10** 11 J* 19 19** 120 r10** "II** 17** 18 77 Sale 116 72** 70 Sale "4** "~5" 1.00 Sale 1.00 Sale ; 35** Sale* 95c 90c 1.00 1.00 31** Sale 14** Sale 25** Sale 165* 26** 17 27 1.50 Sale 35 39 35** Sale 13** Sale 1.15 1.20 825* 84** 23c 135* Sale 1.00 1.15 86** Sale 20' 19** Sale Sale 3 2 175* Jan. 26 Jan. Feb. 17 Feb. 11 11 3 Feb. 78 Feb. 27 Feb. 25 116** Feb. 11 Feb. 21 7*1 Feb. 1 45* Feb. 27 45* Feb. 14 8 13 ** Feb. 23 14 Feb. 72 115 7 21** Sale 17 71 ' 115 651 45' 125 Feb. 24 Feb. 21 3 31** Feb. 5* Feb. 17 1.10 Feb. 1.00 Feb. 90c 95c 325* Feb. Feb. 1 14** Feb. 1 25 Feb. 2 1.50 Feb. 35** Feb. 15 16** 26** 2.00 36** Feb. 15 Feb. 18 7 Feb. 2 Feb. Feb. 1.15 Feb. 2 12** Feb. 1.00 Feb. 24 4 84** Feb. 14 6 7 86** Feb. 28 13 Feb. 10 Feb. 20 80** Feb. 18 8 135* Feb. fi 20** Feb. 22 14 Feb. 28 13 Jan. 25 Jan. 1.00 Jan. \ Jan. 25 17 2.00 Jan. 83** Jan. Jan. 195* Jan. 1° 8** Jan. 6 24 1.40 Jan. 1.40 Jan. 11 355* Jan. 3 21 24 17 o 4 230 26 9 4 31 6 20c 73 Jan. 13 Feb. 20 4 25 Jan. Jan. 12 3 19 25 5 28 27 18 35** Jan. 28 42** Jan. 16 11** Jan. 12 1.00 Feb. 24 31 Ex-dividend. 19 Feb. 27 Jan. 12 Jan. 5 Jan. 6 Jan. -— 38** Jan. 33 ft* 11 4 78 25 117 26 23 13 14** 21 21 5 9 1255* Feb. 24 315* Feb. 28 35** Jan. 19 4 10** Jan. 13 10** Jan. 117 185* Feb. 16 10 Feb. 27 6** Feb. 20 38 215* Sale 32 25 2.00 Jan. 17** Jan. 10 Feb. 6 Feb. 3 90c Feb. 1 95c Feb. 1 27** Jan. 17 5* Feb. 224 Jan. 17** Feb. 23 Feb. 27 Feb. 18 77 12** 35 31 11 Jan. 65c 2.10 Jan. 20c * 10 .50 2 4 42 - 11** 12 1.15 Sale 82** 83** 31** Jan. 35c 230 226 15** 16 25** Sale 3 Jan. Jan. 1.50 Jan. 31 2 25** Feb. 10 6 1.40 Sale 205* Jan- Feb. 23 50c 12** 14** 3 1255* Feb. 24 125 J* Sale 1175* Feb. 4 31** Feb. 28 32** Feb. 315* Sale 10** Sale 10** Feb. 28 105* Feb. 28 175* Sale Feb. 28 3 Feb. 28 9 1.70 Feb. 4 35c 1.50 18 17 195* Feb. 6 26 35c Sale 1.50 Sale 20** Sale 24** 25 Sale 31 35c 100 100 326 Penna Water & Power com 138 Seaboard Comm'l com.. No par 101 Sale Ask 100 2,235 North Amer Oil Co com 259 Northern Central Ry__ 1,500 Owings Mills Distillery 38 25** 84** Lowest Sale Prices Feb. 28 Ask Bid * t 45 National Marine Bank 12,559 New Amsterdam Casualty 215 82** 1005* 101 96** 97 995* 995* 995* 995* 101** Bid 23 Sale 225* Sale Common class A_. 191 Mt Vern-Woodb Mills Preferred — * 5 1 100 438 — 9,385 •. 14 Mercantile Trust Co__ 50 656 Merch & Miners Transp * 466 Monon W Penn PS 7% pref_25 365 «. 20 10 2,344 Martin (Glenn L) Co com 3 Maryland & Pa RR com 363 — 1 227 1st preferred 9,362 Mar Tex Oil 325 272 3 - 1 5 Mfrs Finance common 3,500 20 Ask 1 180 Finance Co of Am class A_ 5 mm * 100 128 Guilford Realty Co com 5,493 Houston Oil preferred 2,153 Bid 50 . Preferred 1,244 1,347 Fidelity & Deposit 426 Fidelity & Guar Fire Corp 258 ■■ * 506 Davison Chemical Co com 999 Eastern Sugar Assoc com 566 3,151 1,335 209 * 1,585 Oonsoi Gas E L & Power 738 5% preferred 570 380 . * 707 Black & Decker common 45 Brager Eisenberg Inc com 235 1 par 7,094 Arundel Corp 53 613 464 Feb. 1 1939 50,500 4%.-.—1947 1,000 Interstate Oo 5% 1945 5,000 5% -.1948 5% 2,000 1949 1,000 5% 1950 1,000 Read Drug & Chem 5**s__1945 169 25 RANGE SINCE JAN. IN FEBRUARY Price Jan. 3 Shares BALTIMORE CITY BONDS400 Oity 3 **8 Four Million 1945 287 700 Bait Transit Co 4s flat 1975 97 900 A 5s flat 1975 B 5s 10 000 1975 16,000 Finance Oo of Amer 4%-.1942 2,884 $176,650 277,350 $147,900 472,500 - Jan. 1 to Feb. 28 PRICES 1938 1939 February- 107,377 BALTIMORE STOCK EXCHANGE Since February Bond Sales— 1939 February- Feb. 27 . 5* Feb. Jan. 3 17 30 16** Feb. 15 26** Feb. 18 2.00 Feb. Jan. 37 7 4 16 42** Jan. 14** Jan. 26 1.25 Jan. 12 86** Feb. 28 27 80** Feb. 18 135* Jan. 30 38*1 Jan. 25 Jan. 19 25c Jan. IV* Jan. 3 RANGE OF PRICES ON BOSTON STOCK EXCHANGE Stock Sales February, Shares- Jan. 1 to Feb. 28 Bond Sales 1938 1939 . 334,182 849,431 1939 February 309,068 745,198 1938 $26,750 78,300 Jan. 1 to Feb. 28. $10,000 22,850 AGGREGATE BOSTON SALES PRICES IN FEBRUARY STOCK EXCHANGE In Februaryl Shares BONDS Jan. 1 40,000 East Mass St RR 11,750 2.000 27,050 3,200 Series B 5s Series O 6s 1,000 8.050 Series D 6s 1,240 120 250 276 3,151 2,733 942 775 20 25 Sale ::::: 88% * 50 First preferred 50 .100 925 Assoc Gas & El Co class A 1 Bigelow-Sanford Carpet com_* 113 6% cum pref 100 4,896 Boston & Albany 100 6,304 Boston Edison Co 100 2,312 Boston Elevated 100 1,963 Boston Herald Traveler Corp_* 195 Boston & Maine pref stpd__100 272 Common 1,403 1,250 3,892 40 170 3,467 377 859 44 144 33 92 25 85 578 908 2,259 611 325 793 "l",576 800 518 594 613 (stamped) 100 Preferred 100 Prior preferred 100 Class A 1st pref stpd 100 1st preferred class A 100 Class B 1st pref stpd 100 1st preferred class B 100 Class C 1st pref stpd 100 1st pref class O 100 Class D 1st pref stpd 100 Boston Personal Prop Trust.-* 851 Boston & Providence -.100 530 Brown & Durrel Co common-_ 1,459 Calumet & Hecla 25 140 Cliff Mining Co 3.806 Copper Range Co 1,050 East Boston Co 1.103 Eastern Gas & Fuel Assn 25 25 2,456 1,628 4%% cum * com. 620 Preferred B 100 Adjustment 100 130 689 195 225 511 820 105 115 375 1.400 30 170 5,543 Eastern SS Lines, Inc * Preferred * 210 Economy Grocery Stores * 2,424 Employers' Group Assoc TO.* 250 General Capital Corp * Georgian Inc (The)— 346 Class A preferred 20 141 270 1,522 113 608 11,006 15 1,275 135 962 555 4,151 240 693 100 1,126 4,241 250 ~ 3,256 778 4,121 385 3,975 50 2^ J* 12 25c 5% 25c Copper 15 25 100 100 ii* 14 22 1% 20% pref 100 10 15 81% Jan. 10 83 Jan. 12 Feb. Feb. 17 17 92 Feb. 17 91 Jan. 9 32c Jan. 17 1% Jan. Sale Prices 84 Jan. 3 87 Jan. 23 94 Jan. 7 11 Feb. 17 92 92 Feb. 17 92 Feb. 10 60c 10 15 10 1% J0M 53 Sale 1 Sale Sa"le Sale 1 5% 75c Sale Sale 24 94 Jan. 11 2 6% Sale 3% 25% 50c 35c 20 Sale 15% 6 52% 18 Sale 3% 2% 14 % Sale Sale ; 1% 1% 1% 1% 1% 1% 11% 21% 1% 7% 5 1% Sale 12 2 18 Feb. 1 Sale 2 Feb. 9 — Saie 2% Feb. 27 Sale 2 Feb. 15 2 1% 27 9 2% 2% 27 14 2 2 Feb. Feb. 2% Feb. 25 % Feb. 27 2% 2% 2 8 55% Feb. 20 2 21 2 Feb. 2% Feb. 2 145 6 2% 80 Feb. b 1% Feb. 20 1 Feb. 14 2% Feb. % Feb. 25 7 Feb. 28 2% 2% 2% 2% Feb. Feb. Feb. Feb. 16 2 Feb. 27 6 27 7 27 --. Sale Sale 11% Sale Sale 17 Saie Sale 1% Sale 7 10c Sale 30c 25c % 60c Feb. Feb. 1% 19% 9% 1% Feb. Feb. Feb. Feb. 60 Sale 14 17 3% Sale 4% 4% Sale 60 Feb. Saie 15 24 Sale Sale *67 20% 3% 5 24 Saie 1% 3% Sale 75 Jan. *127 52 3 Jan. 17% % 2% % 24 9 Feb. Jan. 17 Feb. 1 Feb. 10 6 21 12 Feb. 6 6 Feb. 19 16 Jan. Jan. 4 Feb. 27 Feb. 27 6 Jan. 26 Jan. 6 1% 1% 1 % 1% 1% 1% 1% Jan. Jan. Jan. Jan. Feb. Jan. Jan. 16 Jan. 4 21 _ 16 2% 11 2% 2% 1% 20 27 Jan. 16 12 Jan. 16 4% Jan. 25 20c Feb. 17 1% Feb. 25 19% Feb. 21 9% Jan. 12 3 6 Jan. 4 Jan. Feb. 7 9 Jan. Jan. 27 Feb. 12% Feb. 23 6 30c Jan. 5% Jan. 27c Jan. 1% Jan. 25 Jan. 31 67 1 67 Feb. 25 60 Jan. Feb. 3 20% Feb. 3% Feb. 28 15 Feb. 1 7 22 Feb. 9 3% Jan. 4% Jan. 3 26 31 8 6 1% Feb. 8% Jan. 12% Jan. 1% Jan. 3% Feb. 4% Feb. 28 Jan. 11 18 11 Jan. Jan. Feb. 8 55% Feb. 1 5 4 27 27 1% Feb. 20 6 19 3 Jan. 16% Feb. 25 1 % Jan. 5 6% Jan. 27 5 89% Feb. 9 145 11 1% Feb. 22% Feb. 9 Jan. 1 27c Feb. Jan. 80 8 17 22 26 12 28 7% Feb. Jan. 18 Jan. 16 Feb. 28 Jan. 3 23 Feb. 3 23 35 1% 13% 3 159% 14 1% 12% Feb. 21% Feb. 1% Feb. 21 20 Jan. 60c 9 *80% Feb. 27 20c 4% Feb. 23 20c 1% 20% 1% Feb. 15 Feb. 17 Feb. 25 1 Feb. Feb. 20 75c 4% Sale 11 1% 1 2 Sale 2% 11% 16% 1% 6% Jan. 149% Jan. % Jan. 24% Jan, 89% Feb. 52% Feb. 17% Feb. 1 ""2% Feb. 1 Sale 11 Jan. 20% Jan. 3% Feb. 5% Jan. 22 5 7 18 31 11 5 4 18 4 3 6 3 20 Jan. 15% Sale 16 19 16% Feb. 17 14 Jan. 14 Sale 22 Sale 15% Feb. 20% Feb. 1 20% 16% Feb. 17 1 22 Feb. 28 20 Jan. 26 24 Sale 31% Saie 30% Feb. 10 31% Feb. 27 29% Jan. 30 31% Feb. 27 n 1% 1% Feb. 23 6% 5% 8 1% Feb. 5% Feb. 27 y IS 19% 30c 20c ----- 14 4% 1% 21% 7% "23" 1% 20% 23% 20 40c 25c 50c 2bc 18c Sale 5% 16 2% Sale Sale 1% Sale 17 58 19 Sale Sale 1% Sale 25c 2 Sale Sale 2% 15 1% 9% 14% 80c 70c Sale 2% 70 Sale 4 7 Feb. 27 7% Feb. 1% Feb. 21% Feb. 27 27 30c Feb. 27 27 20c Feb. 17 17 Feb. 14 5 2 12 2% 21 3% 1% 24% 111% 55 75c 64c 1% 40c Feb. 1 1% Feb. 17 Feb. Feb. 7 25c 40c 20c Feb. 17 Feb. 1% Feb. 11 Feb. 1 J* 2 15 Sale 13% 14 9 4% Feb. 13% Feb. 24 Sale 2 Feb. 2 Sale 20 Feb. 14 4 2 26 Sale Sale 1 Sale 62 Sale 80c Sale 2 3% Feb. 1% Feb. 21 3 19% Feb. 107 Feb. 1 6 17 8 13 30c Feb. 27 25c Jan. 31 17 17 Feb. 17 1% 13% 4% 13% Jan. Jan. Jan. Jan. 12 3 2% Jan. 14% Feb. 23 Feb. 17 13% Feb. 24 2% Feb. 25 1 21% Feb. Feb. 1 1% Feb. 1 Feb. 14 4 3% Jan. 1% Feb. 21 Jan. Jan. 58 Feb. 1 1% Feb. 74c Feb. 6 58 Feb. 55 Jan. 4 15 1% Jan. 26 1 3G Jan. Feb. 4 1 90c Jan. 9 Feb. 16 52c Feb. 4 40c Feb. 16 80c Jan. 20c Feb. 27 29c Feb. 10 20c Feb. 27 29c Feb. 11 Feb. 23 14% Jan. 24% Jan. 23 11 18% Jan. 26 2% Feb. 20 14 12% Feb. 22% Feb. 2% Feb. 28 20 14 Feb. 10 16 Feb. 14 14 1% Feb. 9% Feb. 6 1% Feb. 10% Feb. 16% Feb. 6 28 Feb. 14 80c 10 Sale 15 1% Jan. 9% Jan. 13% Jan. 27 11 26 1% Jan. 10% Jan. 17% Jan. Feb. 14 86c Jan. 6 45% Jan. 22% Feb. 12 14 45% Jan. 25% Jan. 12 28 11 17 Feb. 16 23 Jan. 5 84% Feb. 28 3 Feb. 27 10 12 85% Jan. 44 77% Feb. 41% Jan. 44 75c Feb. Feb. 15 Feb. 23 75c 1 Feb. 14 81c 22% Feb. 14 25 Feb. 17 Feb. 16 22 Feb. 77% Feb. 42% Feb. 10 60c Feb. 23 2 Feb. 9 6 46 67c 2% 84% Sale 44 61c Jk 69 3% 26 20 7% 2% 24% Sale 65c 2H Sale 2% Sale 6% Feb. 2% Feb. 24 Feb. 4 7 24 10 9 17 Feb. Sale 3 J an. Jan. 14 18% 3 3 16 80c 25 3 17 10 1C 80c 2 6 1% Jan. 1 4 3 18 Feb. 1% 1% 10% Sale 15% Sale 88c Feb. 57 1 Feb. 16 58 Jan. 40c 1% Feb. 13 25 23 19% Feb. 2% Feb. 2 Jan. Feb. 11 16 2 25 17 112% Feb. 58 Feb. 3 Jan. % Feb. 5 14 2% Feb. 25 22% Jan. 3 4% Jan. 11 55c 2 18 Jan. 20 15 14 Jan. 3 105 15 5 18 Jan. 25 23 11 28 2 112% Feb. 23 Feb. 25 12% Sale 22% Sale 2 2% 3 41 2 25 12% Sale 24% Sale 21% 22% 79% Sale 43 42% 65c Jan. 1% Jan. 21 8 21% Feb. 25c 90c 68% 6% 2% 22% 3 19 27 Feb. 18 Jan. Jan. 1% Feb. 23 Feb. Feb. Feb. 31 8 Jan. 75c 58 Jan. 30 Jan. 60c 55 7 Jan. 17 1 Feb. Jan. 16 Feb. 27 17 23 25 9 3 27 Feb. 4 Feb. Jan. 20 25c 20c 14% Feb. 5 1% 5% 6% 1% 23 29c 80c 43 ""i% 57 1% Sale 50c Sale 20 17 4 107 5% Sale Sale 11% Sale 22 2% Feb. 7 10 20% 3% 17% 85% 42% 110 Warren (S D) & Co common. _* 55% 78 7 22 18 18 1% 21 JX 55% 60c 10c 20c Sale 24 ..* 1 2% 2 Sale 26 * Saie 55 Sale" 47% 1% 67% 6% 3% 52% 2* •s 12 Sale 23 1 100 Feb. 30% 17 Sale 25 1 250 Venezuela Holding Corp. 35 Vermont & Mass Ry Co Feb. 1% Feb. 12 1 159% Feb. 152% Feb. % Feb. 20 % 2eb. 132 80c 40 25 15 Sale 52 ; Feb. 143 * _5 (The) 1% Feb. 20 12 Sale 24c 3 Sale 55c 133 20c 14% 24% 159 1% Sale 55 25 13 *80% Feb. 27 1 50 55c 1% 11% Sale 60c 100 Sale 30c 79 90c 1% 60c ~14~ 82 25 9,803 United Shoe Mach Corp Preferred 1,620 7,120 Utah Metal & Tunnel Highest 82% Feb. 86% Feb. 92 Sale __ 973 Union Twist Drill Ex-dividend. 81% Feb. 20 83% Feb. 8 87 66c 10,713 Stone & Webster Inc cap stock. 1,430 Suburban Elec Secur com * 50 2d preferred x Sale 80 Sale Sale 100 1,128 Pacific Mills 9,160 Pennsylvania RR 485 Quincy Mining Co_ 1,110 Reece Button Hole Mach 1,049 Reece Folding Mach Co 2,742 Shawmut Assn T C No par v&iue. 55 152% Sale 100 Colony Certificates of deposit 1,062 Old Dominion Co Bros — 1% 12 100 20 Northern RR (N H) Warren 106% 40c 2.50 162 1^j8 if* * 100 2,555 N Y N H & Hartford 51,481 North Butte 697 "3« 22% 3% _ 300 National Tunnel & Mines 864 N E Gas & El Assn pref 3,776 New England Tel & Tel 159 New River Co 1.30; Waldorf System Inc 84% Sale 92% 92% Sale 32% 2 4,645 Narragansett Rac'g Assn Inc 4,726 Torrington Co 82 94 Sale Sale 25 c 1,907 Old Lowest Sale Prices 78 22% Sale lh 1% 8% Sale 30c cum 83 85 91 -- Highest Sale Prices "27% 1% 2% Sale * 869 110 * Class B_ 6% Ask % Sale 23% 25% "27"" 2% Sale H 6% Sale 2 % Sale tr ctfs 1 30 Int'l Button Hole Mach Co__10 800 Isle Royal 1,944 Mass Util Associates vtc 1,711 Mergenthaler Linotype 200 18 50c 8 2,100 Helvetia Oil Co 50 2,370 52% 1% 5% * 580 980 655 i!H * Preferred 150 Loew's Theatres (Boston) 888 Maine Central 140 Preferred 5% 40 75 * 802 Gilchrist Co 2,238 Gillette Safety Razor Co 206 Hathaway Bakeries class A 493 149% Sale 1% Sale 25% 12% Sale 1% 67 68% 20% Sale 4 3% 237 110 1% 12 lOO 140 100 60c 24 285 2,956 1% 10 _ 100 100 322 32c 100 prior pref 6 % cum preferred 986 East Mass St Ry Co.. 810 First preferred 300 1 par 6% non-cum preferred 10 Ask Bid 82 90 Lowest Sale Prices Feb. 28 1 Bid 84 84 1948 19,980 Amer Telep & Teleg 10 Ask m A 4%s '48 _1948 55 63 Bid 1948 ser Shares STOCKS 755 Amer Pneumatic Service 370 Feb. 1939 Par 12,000 8,563 SINCE JAN. Jan. 3 Shares Shares 600 RANGE Price Since 2 7% Feb. 3% Feb. 24% Feb. 60c 7 1% 69% 6% 2% 8 24 16 28 Jan. 17 Jan. 12 Jan. 31 Feb. 24 LFeb. 16 Feb. 5 4 6 Feb. 27 15 2 Jan. 11 70 Jan. 10 16 7% Feb. 3% Jan. 24% Feb. 16 8 RANGE OF PRICES ON PITTSBURGH STOCK EXCHANGE Stock Sales February— In February Shares PITTSBURGH STOCK EXCHANGE Since Jan. 1 STOCKS 993 100 180 685 190 2,040 Allegheny Ludlum Steel....* 27 113 626 1,393 140 Preferred..... ....100 180 Arkansas Net Gee Corp ... 1,185 Preferred.-...—....-..-It 434 Armstrong Cork Go........ Blaw-Knox Go 7,889 Steel 2.270 23 115 1 Sale 8,166 197 2,792 565 2,969 2,850 10 10 1,994 150 235 * ""l"07 400 110 783 ""142 ""256 50 4,350 2,900 ~437 210 835 "1,580 562 636 Follansbee Bros pref.....ltt Port Pitt Brewing.. .....1 10 Herb-Walker Refrac com.. * 35 Home (Jos) common.....100 13,176 10 Jeannette Glass preferredlOO 100 Jones Ac Laughlln St'l pref 100 267 Koppers Gas At Coke pref. 100 7,459 Lone Star Gas. • 1,565 McKinney Manufacturing..* 7.428 Mountain Fuel Supply 10 5,085 Nat Flreproofing Corp com.5 10 Penn Federal Corp common.* 10 4%% Preferred.....—50 ...... 6% 7% 75c 7% Sale 6 18 12 % 8% Pitts Screw Ac Bolt Corp.... * 100 Pittsburgh Steel Foundry..* Plymouth OH Co.... | 5 (tenner Co ............J...1 307 200 550 50 10% 25 70 9 55c Sale 50c 5% 7% Sale Sale 6% Sale "II" 17% 12% 21% Feb. 21 Feb. 24% Feb. 28 16 115 Feb. 16 15 Sale Sale 45c Sale 45c 5 Feb. 7 50c 17 15% 13% Sale 5% 7% 10% Sale 1% Sale Jan. 9% Jan. Jan. 26 Jan. 23 Jan. 13 6 Jan. Feb. 28 7% Feb. 1 25% Feb. 7 14% Feb. 28 8% Feb. 6 25% Feb. 7 14% Feb. 15 15 15 Jan. Feb. Feb. 8 16% Feb. 8 12% Feb. 6 14 Feb. 10 11% Jan. 10 7 10% Feb. 1% Feb 6 17 90c 6 4% Sale 2% 2% 70 9 50c 4% 2% 73 ?% 66 1 Jah. 9% Jan. 13 69 9% 4% Sale 2% Sale 57% Feb. 15 9 Feb. 6 Feb. 16 4% Feb. 2 2 Feb. 16 1% Feb. 20 19%::::: 19%::::: lc 2 2% 29 2c 2 26 28 19 27 % 6 10 16A 26% 10 75c 5,915 Shamrock Oil At Gas 1 240 Standard Steel Spring......* 1,160 United Engine At Pdy.... 5 520 Vanadium Alloy Steel......* 1,915 Victor Brewing Co 1 50 Waverly Oil Works A * 3,911 Westtnghouso Air Brake....* 1,282 Westghouse El At Mfg.. 50 65c 2% Sale 4 2% 65c Sale 2c lc 2% 2c Sale Feb. 1% Feb. 9 2 lc Feb. Feb. 1 % Feb. 9 Feb. 2 Feb. 1 26 1 19 20 23 Feb. 20 10% Feb. 20 11 9 108% Feb. 28 100% Feb. 6% Feb. 23 7% Feb. 28 2 22 Feb. 28 2c 2% Sale Feb. 21 lc Feb. 14 2% Feb. 24 2% Feb Feb. Jan. Jan. 25 Jan. 21 Feb. 7 14 60% Jan. 72% Jan. 9% Feb. 65c Jan. 5% Jan. 7 20 Feb. Jan. Jan. 20 lc 19 26 lc 9 2 1% Feb. 26% Feb. 20 28% Jan. 4% Jan. 3% Jan. 31 19 Feb. 19 Feb. 1 11% Jan. 10% Feb. 20 100% Feb. 9 108% Feb. 9% Jan. 6% Jan. 25 Jan. 4 20% Jan. 28 7 26 Jan. lc Feb. Jan. 21 18 __ 2% Feb. 24 9 Jan. 9 Jan. 25 8 Feb. 21 lc Jan. 3 Feb. 18 7 17 5 1 7 7 1 7 32% Feb. 25% Feb. 30% Feb. Feb. 25 4 25c 30c 35c 30c Feb. 8 35c Feb. 3 25c 4 40c 35c 1% 28% Sale Jan. Jan. 1% Jan. 25% Feb. 20 29% Feb. 3 2:107% Feb. 2 113% Feb. 25 24 Jan. 99% Jan. 4 28 25 16 4 Jan. 80c 3 30% Feb. Jan. 19 7 23 26 1 24 28 22% Jan. 25 30c 4 Feb. Jan. 26 30% Sale 40c 9 9 25 5 20 26% 1% 26% Sale 26 3 Jan. 25 Sale 118% Sale 18 17 14 1% Feb. 32% Sale 1% 13 14 10 7 3 Jan. 28 33% Jan. 26% Jan. 29 % 6 14 15 16 24 ..... 5 10 23 20 8 Feb. Feb. 3 Jan. Jan. 6 Feb. 2% Jan. lc 8 26 Jan. Feb. 3 4 1% Feb . 2 21 3 Jan. 6% Jan. 8% Feb. 26% Jan. 14% Feb. 7 Jan. 6% 11% 1% 29% 11% 9 60% Jan. 57% Feb. 15 27 8% Jan, 50c Jan. 30 4% Jan. 12 75c 2% Feb. 21 2 10 4 14 9 20% Feb. 8 lc Feb. Feb. 25 2% Feb. 2 1% Feb. 20 27 Feb. 9 96c 3 3 Feb. 20 23 19 9 5 lc 90c 26 lc Feb. 9% Feb. 25 65c 5 26% Feb. 20 108% Sale 7% Sale 5% 9 22 60c 2c 1% Sale 8% Sale 7 25 lc 70 16 Feb. Feb. Jan. Jan. Jan. 60c 14 4 Feb. 18 3 Jan. 2% 6% 56% 17% 12% 8 24 Jan. 25 55c 9 . 25 65c 4% 2% 95c 27% Jan. 9 115 2 Feb. Jan. 10 Jan. 26 Jan. 27 24 6% 6% 24% 14% 7 Feb. Feb. 27 Jan. 45c Feb. 6% 8% Sale 20 113 2% 5% 45% 13% 2 2% Feb. 8 6% Feb. Feb. 47% Feb. 24 2:51 13% Feb. 20 15% Feb. 8 10% Feb. 11% Feb. 17% 75 9% 60c 2% ..... J* Sale J9* 95c Sale Reymer Ac Bros common....* Ruud Mfg.................5 5,850 San Toy Mining............1 ...... Highest Sale Prices 29% Jan. 11% Jan. 90c .. 2,262 Lowest Sale Prices 6 9 18% 12% 107 Preferred. ..........100 500 Pittsburgh Forglngs ..1 503 Pittsburgh Plato Glass. 25 . Highest Sale Prices 11% 55c Oil preferred......1 448 Pittsburg Browing.........* Preferred... .......* 70 Pittsburgh Coal Co com..100 2.000 Lowest 115 14% Sale 1,625 Devonian Oil ..It 3.491 Duquesne Brewing.........5 5,794 Phoenix 24% 110 Ask Sale 2% Feb. 6% Feb. 135 Electric Products......... """265 1 Sale Prices Feb. 28 Ask Bid 10 150 Grandall McK Ac Hend """800 Sale Bid 14% Columbia Gas Ac Electric...* 60 Copperweld 43 New Ask ........... 657 Byere (AM) 10.550 Carnegie Metals ..........1 125 Clark (D L) Candy • 5 43 Feb. 1939 Bid "3*182 RANGE SINCE JAN. PRICES IN FEBRUARY Price Par 5.940 $7,666 Jan. 1 to Feb. 28 Jan. 3 Shares 237 1938 1939 Bond Sales February-__ 71,141 194,247 67,788 162,393 Jan. 1 to Feb. 28— AGGREGATE SALES 1938 1939 Shares- . 19 Jan. 20 11 1% Jan. 31% Jan. 26 118% Jan. 11 26 4 3 UNLISTED. 429 * 922 PennroadCorpvte Nu pur value. * 1 1% Sale 1% Ex-dividend. / Sale 1% Sale 1% Feb. 1 2 Feb. 3 1% Jan. 25 2% Jan. 4 I Detroit Stock Exchange MONTHLY AND YEARLY RECORD RANGE OF PRICES ON DETROIT STOCK EXCHANGE 1939 Shares. I In February Shares 295 1,000 4,742 """279 5,061 1,900 1,029 771 | 206,484 I Stock Sales 1939 1938 523,372 ——Shares. Jan. 1 to Feb. 28 647,826 RANGE SINCE JAN. PRICES IN FEBRUARY DETROIT STOCK EXCHANGE AGGREGATE SALES fc 1938 221,643 Stock Sales February 1 Price Since Jan. 3 STOCKS Jan. 1 795 Allen Elec 8c Equipment 1.325 12,079 Feb. 1939 Bid Par Shares 1 N .,1 36c Auto City Brewing common 7N Baldwin Rubber common...! 655 Bohn Aluminum & Brass 5 Ask Sale 40c 7Vs Ask Bid IN 36c Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices Sale Prices Feb. 28 1 Bid IN 50c 7N Sale IN 37c Ask IN Sale 7N Sale IN Feb 36c Feb. 9 6 7N Feb. 23 IN Feb. 3 Feb. 4 7N Feb. 4 40c 28 N 845 Bower Roller Bearing......5 17.269 Brlgge Mfg Co common.....* 7,755 Brown-McLaren Mfg Co __1 3,625 Burroughs Adding Macb 2,106 Burry Biscuit Corp ....12He Capital City Products...... . 31N Sale IN IN 18 N 2N 3 —— 25 28 N Sale IN Sale 18N 2N 15 2 28N 26 N Sale IN Sale 18N 2N 3 5N 23 80 N 13 N 73 Feb. 3 24 N Feb. 21 IN Feb. 1 Feb. 24 2N Feb. 7 17 24N Feb. 11 26N Feb. 28 IN Feb. 4 17 Feb. 24 2N Feb. 7 Feb. Feb. Jan. Jan. 23 Feb, 22 N Jan. IN Jan. 16 N Jan. 2 Jan. 9 IN 36c 6N 22N IN Jan. 40c Jan. 7H 23 N 27 31N IN 18 N 2N Jan. Jan. Jan. Jan. Jan. Jan. Jan. 3 4 4 26 5 5 4 4 7 Casco Products Corp.. Chamberlin Metal Weather 6,398 320 600 1,105 225 Strip Co common.. ...5 14,124 Chrysler Corp common 6 1,162 Consolidated Paper com 19 1,630 Consumers Steel Prod 1 7.057 Continental Motors com 515 Crowley, Milner & Co com..* 305 Cunningham Drug Sts.-2.50 315 5 82 13 95c 3N 2H 7N Sale 14 N 1N Sale 3 7N 6N 73 Sale 13 13N 78c 85c 3N Sale 2N 3N 14 N 15N 12,449 Detroit & Clerel Nsv com..10 663 1-244 Detroit Edison com......100 3,950 3,650 2,810 5,750 Detroit Gray Iron Fdy 1 5,412 Detroit Mich Store common.1 4,410 Detroit Paper Products. 1 485 Detroit Steel Corp com.....5 485 1 Detroit Steel Products 1,400 """579 1,824 Eureka Vacuum Cleaner....* 6,650 Ex-Cell-O Corporation 3 1,785 federal Mogul common.....* 2,503 Federal Motor Truck com * 2,681 805 373 Durham Mfg Co common—1 2,162 1,860 com 929 2,000 480 459 315 100 Gemmer Mfg Co class A.....* Class B * 2,473 General Finance Corp com.l 20,681 General Motors 6,512 2,277 3,500 I,854 820 7,800 4,118 ft 400 4,809 1,610 750 1 Graham-Paige Motor 1 1,720 1,650 378 1,262 2,880 '"5",190 3,128 1,237 1,121 3,245 Grand Valley Brew common. 1 H all Lamp com IN Sale Feb. 2H Feb. 11 2H Feb. 27 24 N 13 15N 5N IN Sale 6N 7 27N 31 IN IN U N 8 2N 49M 2N IN 27c Sale 125 Sale Sale Sale »aie Sale 91c 114 1 Feb. Feb. 123 IN Feb. IN Feb. IN Feb. 13 1 Feb. 5N Sale 22 N Sale 14N Sale 4 4N 5 28 Feb. 27 Feb. Feb. 28 2 Feb. IN Feb. 7 2 Feb. IN 3 13N Feb. 28 3 IN Feb. 27 2N 2N 2N Feb. 49 M 46 N Feb. 7 2N 2N 14 1 IN 2N Feb. IN Feb. 35c 35c Preferred 10 1 Mid-West Abrasive com 50c Moore (Tom) Distillery Co__l Motor Products Corp com...* Wheel Murray Corp common... .10 ... 2.152 Parker Wolverine Co * com 9.370 Peninsular Metal Products. 1 1,040 Pfeiffer Brewing Co com. __.* 545 Prudential Investing Corp.l 3,256 Reo Motor com __5 3,300 Rickel (H W) 8c Co common 1,770 River Raisin Paper com... 4.292 Scotten Dillon com.......10 9,737 Standard Tube Co class B...1 445 Stearns (Frederick) com 71 8% cum part pref.. 100 4,030 Tlmken Axle com.........IS 30 Preferred..............100 12,897 Tivoli Brewing Co common.1 592 Union Investment Co com. 1.450 United Shirt Distributors. 2,206 United Specialties common. 1 U S Graphite Co com ..10 _ U S Radiator com.......... 892 Universal Cooler class A 792 ,17,490 For footnotes see Class B page 61. 50c 35c 2N 50c 2N IN 22 N 2N 52c 21N 3N Sale Feb. 21 2H 2N Feb. 8 12N 16N 12N 14N "13N UN Feb. 7 23 23 25 Sale 63c 2 Sale 2N Sale 55c Sale 49c Sale 49c 21N 2N Sale Sale IN 23 N Sale 2N IN 7N 25 23 N 80c 20c 99c 85c 75c 60c 50c IN 2N 8N 45c 40c 2N 4 2 2N IN IN 50c 62c 50c 22 N 35c 90c Sale IN 6N Sale 2N 4 IN 3 IN Sale 8N 4N 38N 2N 42 N 4M Sale 41N Sale 16N Sale 8 "Ion 7N 2 IN IN IN 3N 3N 2N a2,* 24 N Sale 2N Sale 20N 16N "I8N Sale 3N 3N i" it* 5N 12 109 N 3N 4 4 4N IN 7N 2N IN 3N 3 26 2 98 97 109N Sale IN 6N IN 2N 6 3 Sale 11 Sale 19 8 7 Sale Sale 17 100 18N Jah. 31 Feb. 11 Feb. 27 Jan. 26 24 80c 112 IN 1N IN 13 7 Jan. 4 82N Jan, 13 N Jan. 19 1 Jan. 4 Jan. 2N Jan. 15 1 1 Jan. Jan. 123 6 6 16 6 Jan. 30 Feb. 28 7 2 4 Jan. 2N Jan. 3 13 N Feb. 28 Feb. Feb. Feb. 27 IN Feb. Jan. Jan. Feb. IN Feb. 27 4 Feb. 28 Sale 21N Feb. 2N Feb. IN Feb. 7 25 23N Feb. 3 3N Sale ■ 4 1 1 1 3 13 Jan. 5 5N Jan. Jan. 26 Feb. 15 1 Feb. 5 Jan. 6 Feb. 8 Feb. Jan. 24 Jan. 26 23 N Jan. 5 15N Jan. 5N Jan, 19 18N 14N 4N 3N IN ION 5N 27 N Feb. 10 Feb. 25 Feb. 2 Feb. 2 40c Feb. 15 2N Feb. 14 2N Feb. 8 11N Jan. 24 14N Feb. 17 3 Feb. 23 31 23 31 12 Feb. Feb. 7Ic* sic* Feb. Feb. 23 N Feb. 3N Feb. Jan. 12 40c 25 18 26 28 Jan. 31 85c Feb. 2 10 22c Feb. 28 19c 95c Sale 75c Feb. 2N Feb. 7N Feb. 15 96c Feb. 24 75c Feb. 23 50c 2N 8H Sale 3 Sale Sale Sale 17 N IN ■!0 8N Sale 7N 2N IN Sale 3N 3N 2N 2N 24 N 25 N 2 13 N 97 15N 3 4N 4N 3N 5 3N 2 3 15 3 13 5 23 7 4 11 25 12 3 24N Jan. 85c Feb. 23 N Jan. 75c Jan. 17 Jan. 17 Feb. 24 2 85c 15N Sale 7N 7N 12 N UN 4N 42 N Sale "~7N 5 4 4 20N Jan. 2N Jan. Feb. 4 4 Jan. Jan. 55c 23 N Feb. 3N Jan. IN Jan. Feb. 21 5 Jan. 28 1 4 8N Jan. 76c Feb. 19c 2N 2N IN Jan. Feb. 2N Jan. 80c 40c Jan. 4 Sale 2N 7N 12 N 16 31 17 1N Feb. Sale 31 Feb. 2N Jan. 3 60c 22c 23N Feb. Jan. Jan. Jan. Jan. Jan. 49c IN Feb. 23 26 2N 50N 2N IN 60c 28 Jan. 27 N Jan. 27 13 8 5 5 24 14 6 25 30 30c 13 Jan. Feb. 2N Jan. 4 Feb. Feb. Jan. Jan. m 2N Jan. IN Jan. Feb. 23 12N Jan. 26 6N Jan. 26 15N Feb, 28 23 43 N Jan. 23 N 83c Sale 17 99 16 40c 18 4 8 2N Feb. 2N Feb. 27 IN Feb. 20 50c Feb. 21 15N Feb. 25 13 N Feb. 2 6N Feb. 23 4 41N 16N 7N IN 7 Feb. 1 Feb. 1 Feb. Feb. 23 Feb. 14 Feb. IN Feb. IN Feb. 3 14 Feb. 17 9 2 11 2N Feb. 14 6 24N Feb. 2 Feb. 9 2N Feb. 25 4 7N Feb. 42c Feb. 7 2N Feb. 2N Feb. 14 IN Feb. 6 Feb. 9 55c 8 15N Feb. 25 15N Feb. 28 7N Feb. 16 4N 42N 17N 8N IN 7 IN IN 3N 2N Feb. 2 Feb. 27 Feb. 16 4 Feb. Feb. 16 Feb. 17 9 Feb. Feb. 15 Feb. 27 Feb. 15 Feb. 8 2N Feb. 4 25 Feb. 6 100 14N Feb. 21 Feb. 2 15N Feb. 25 Sale 3N 3N 3N 2N 3N 3N 3N Feb. 15 Feb. 27 Feb. 15 6 Feb. 3N 3N 3N 3N 1 Feb. Feb. 27 Feb. 15 6 Feb. 10 11 IN Jan. 11 7 Jan. 24 Jan. 2N Jan. 24 7 Jan. 11 40c 2 IN Jan. Jan. 15N Feb. 13 Jan. 6N Jan. 10 Jan. 43c 23 30c 96c 2N Feb. 25 7N Jan. 13 Jan. 9 2N Jan. 2N Jan. 23 50c AH Jan. 17 3 Jan. 24 11 55c 25 18N Jan. 27 15N Feb. 26 8N Jan. 5 Jan. 23 5 28 23 10 Jan. 24 40 N Jan. 27 3 4N Jan. 42 N Feb. 27 15N Jan. 24 18 4 Jan. 14 7N Jan. 13 IN Feb. 14 8N Feb. 2N Jan. 4 23 17 23 25 Jan. 12 7 Jan. IN Jan. IN Jan. 3 Jan. 2N Jan. 24N Jan. 13 Jan. Jan. 26 2 14 98 Feb. Jan. 98 13 N 109N 2N 3H 3N 3N Jan. Jan. Jan. Jan. Feb. Jan. Jan. 3 31 m IN 3N 2N 25 N 2N 16N 4 100 26 27 6 31 4 Feb. 15 Jan. 12 Jan. Jan. 9 Jan. 3 9 Jan. 27 Feb. 2 18N Jan. 4 Jan. Jan. 4 Jan. 4 4 110 26 Jan. 4 3N 3N 3N 4N 7 Feb. 15 Jan. 4 4N Feb. 2N Feb. 24 20 34 2N IN 14 Feb. 24 Jan. 5 2N 49N 2N IN 110 "... 3N 7 IN Feb. 15 10 Feb. Sale 80c 90c 36c Feb. Sale Sale 2N 14 al* 65c 76c 80c 16N 15N Sale Sale 6N 1 2 2N 65c 5N *| 35c 10 2N 5 com 127 Muskegon Piston Rg com 2.50 13,609 Packard Motor Co com. ___,.* 7,177 Parke Davis 8c Co ..* 2,555 Parker Rust Proof com. 2.50 100 150 387 50c 13N Feb. 7N Feb. 2.50 Mlcromatic Hone Corp Motor Feb. 25 Feb. 25 Feb. 28 Feb. 1 32 14 48 N 25c McClanahan Refineries..... 1 Michigan Silica Co com 1 Sale 31 com....... com 6 26 ..... 2N IN Sale Mich Steel Tube Prod IN Feb. 23 15N Feb. 25 6N Feb. 2 3N Sale Mfg Co 6 IN Feb. 8 ION Feb. 5N Feb. 21 46 N 62c Kingston Products Corp....l Kinsel Drug Co Com 1 IN Sale Sale 14 N 2N IN 14 McClanahan Oil Co 20 N Feb. 14N Feb. 4N Feb. 5N 23N 14N 4N "¥ 17 Hudson Motor Car...... Hurd Lock 8c Mfg Co com._l 27 77c 2N 2N 14N IN Feb. 2N 49N 2N Sale 15N 992 """50 32 14 16 8 * ..... 1,610 Michigan Sugar com.......* 620 "S 26* 14 15 Class B Jan. Jan. 23 3N 20 N Sale 13 16N 4N Sale 12 N 2,300 3,390 3,984 1,028 2,065 II,071 1,227 4,590 15,490 2N §* \iH 70,438 5,350 1.440 305 1,906 1,755 "5" 779 IN 2N Sale 526 Mahon (R C) class A pre! 5,090 Masco Screw Products......1 270 151 1.132 com. 8.076 Kresge (8 S) Co com.... 10 2,010 Labey Fdy & Macb common 4,910 La Salle Wines&Champagne 2 1,100 550 850 10 com. Goebel Brewing Co com McAleer 340 105 IN Sale Sale 15N 983 HoskinsMfg Co common.2.50 180 Houdaille-Hershey class A 1,240 2,861 IN IN 2N 12 N 1 96c 120 115 IN IN IN IN Sale IN IN 2 IN xxa 4 iy± 10N 13N 13N 92c 112 6 11 11,618 3,460 26,158 8,028 2,100 145 37",500 Sale Sale Home Dairy class A ... * Hoover Steel Ball com.....10 T.003 180 3,958 85c 27 68 13 80N Feb. 13N Feb. 85c Feb. 3N Feb. 2N Feb. * .. 5,620 Frankenmuth Brewing com.l 3,297 Fruehauf Trailer Co com 1 5,185 Gar Wood industries com 3 ..... 1,363 7,936 2,850 1 3 3 822" Eaton Mfg Co common......4 100 Federal Screw Works *2",060 82c 112 * TI50 Feb. 13N Feb. 17H Delsel Wemmer Glib com..10 4,429 6N Jan. Sale Sale 85c 95c 3N 3N 2N 3N 2N IN 5N 3N IN 4N 2N 5N 4N 2N 3N Feb. IN Feb. 4N Feb. 24 2N Feb. 17 2N Jan. I N Jan. 17 4 17 STOCKS Jan. 1 February 8,575 15,116 Warner 175 15 • 24 250 2,800 155 Aircraft Corp corn..! 1% 500 Wayne Screw Prod com 4 6.350 Wolverine Brewing Co com.. 1 2 355 Wolverine Tube Co com 6,500 1% ""764 ""390 Highest Lowest Highest Sale Prices Sale Prices Sale Prices 15% Jan. 7 K 5 27c % 20c Feb. 340 1,125 4,956 1,797 1,024 2,112 2,974 3,269 2,845 315 420 799 1,020 1,360 - 18K 149% * . 100 1,079 3,862 463 680 1,210 No par value, 15 K Sale 152% Sale Sale Sale aVA Sale 18c Feb. 1% Jan. 28 1% Jan. 2% Feb. 10 10 2 15c Feb. 21 16% Feb. 25 Sale" 1% 36% 23% Sale 2 43% 8% Sale Sale 18% "~7% Sale" 6% Sold for cash, x Sale Sale Sale Sale 8 Sale 22 27 6 8% Feb. 20 Sale 1% Sale 38% Sale 24% Sale 38% Feb. 1% Feb. 8 Feb. Feb. 20 23% Feb. 4 8% Sale 14% Sale 20% Sale 13% Sale 7% Feb. 13% Feb. 17% Feb. 12% Feb. 12% Feb. 6% Feb. 24 2 20 20 23 Sale 36 Sale *\t 28 Feb. 1 hp, 8% 14% 20% 13% 13% 7% 1 16 Feb. 28 Feb. 16 Feb. Feb. Feb. Feb. Feb. Feb. 26 16 Feb. 21 7% Feb. 28 19 Jan. 12 4 14% Jan. 26 18% Jan. 3 158% Feb. 27 149% Jan. 4 Feb. 28 16% Jan. W* Jan. 5 32 24% Feb. 23 2 Feb. 6 1% Jan. 31 5 9% Jan. 8% Jan. 26 36% Jan. 27 41% Feb. 28 2 Jan. 3 1% Jan. 21 5 33% Jan. 26 44% Jan. 4 21 Jan. 24% Feb. 16 27 28 2 20c 4 Jan. 16% Feb. 16% Feb. 20 Jan. 6 Feb. 7% Feb. 8% Feb. * r 24 1 158% Feb. 18 Feb. 3 20% Feb. 24% Feb. 23 26% Feb. Feb. 2 2 1% Feb. '8 Hupp Motor Car Corp 1 Kennecott Copper Corp....* Kroger Groc & Bak Co .* Deferred delivery sales, Jan. 16 15 Sale 9 Consolidated Oil Co........* a 20 1 152% Feb. Commonw Ac Southern Corp * General Foods Corp Jan. 3% Jan. 20c 20 7% Feb. 28 16% Sale 20% 25 ..5 Borg Warner Corp com 26 3 16% Feb. ...5 4,967 Nash-Kelvlnator Corp 1,760 National Dairy Products—* 100 12,897 N Y Central RR * 1,235 Purity Bakeries Corp Socony-Vacuum Corp 25 1,179 * 2,508 Standard Brands Inc 1,606 * Radiator.. 28 20 Feb. 1% Feb. 2% Feb. Unlisted Dept.— 364 Amer Tel & Tel Co 706 Borden Company 132 484 16% Jan. Jan. 3 3 3 1 2% Feb. 24 7 % Sale 80 100 7 100 80 100 Feb. 3 1 Young (L A) Spring Ac Wire. * 2,258 American 916 24 26 Feb. 28 2% 3% 1% Sale 2% 15c 8% , Sale 2 27c 17c 3% . 1 2% 80 100 Preferred 3 4 Sale 25 28 25 3% * Class B Lowest Sale Prices Ask 15% * 500 Universal Products com. 350 Walker & Co class A ' 'Ask Bid Bid Ask Feb. 28 1 Feb. 1939 Bid Par Shares Shares 1 Price Jan. 3 Since In RANGE SINCE JAN. PRICES IN FEBRUARY detroit stock exchange AGGREGATE SALES 61 EXCHANGE STOCK DETROIT March, 1939] 25 28 28 28 15 8 7% Jan. 28 12% Jan. 16% Jan. 11 Jan. 11 9% Jan. 20 14% Feb. 28 26 22 Jan. 3 26 12 Jan. 26 6% Jan. 30 13% Jan. 13% Jan. 7% Jan. 5 4 3 Ex-dividend. RANGE OF PRICES ON THE PHILADELPHIA STOCK EXCHANGE 1938 220,825 February 413,648 458,492 Jan. 1 to Feb. 28„_ Shares- Jan. 1 to Feb. 28 In 7 STOCKS 11,419 3,972 6,720 2,268 261 Barber 91 892 1,190 3,481 5 195 923 169 1,492 2,625 , ...100 1,313 50 10 Co Bell Tell Co of Pa pref 100 Budd (EG) MfgCo * Preferred..............100 Budd Wheel Co 2,275 Chrysler ... * ....5 Corp..... 3,315 Electric Storage Battery 6,239 General Motors ... _* 10 224 Horn AcHardart (Phlla) com.* 265 Horn At Hardart (N Y) com..* '""743 4,338 Lehigh Coal At Navigation..* 989 Lehigh Valley ....50 2,126 NatT Power Ac Light .* 174 14,109 4,966 50 * 34,060 Pennroad Corp v t e. 13,328 Pennsylvania RR.........50 190 Penna Salt Manufactur'g-60 100 Penn Traffic '"499 2,857 1,037 Phlla 6,588 Phlla 564 1,013 com..... 2% Elec of Pa |5 pref * Elec Pow pref ..25 * 10 Phlla Insulated Wire.... 10 1,220 Bid 7% 8 9% Sale 150% Sale 16% 18 19% 20% 120% 120% 7% Sale 50 55 5% 82% Sale Sale 29% 50% Sale Sale 11 152% 13% 121% 46 M 73% 421 Curtis Pub Co common.....* 131 717 RANGE Ask Bid Sale 7% Ask 2,040 Phila Rapid Transit... 978 7% preferred 2,145 Philadelphia Traction 1,177 Salt Dome OH Corp 41 385 """979 1,674 2,195 1,113 38,959 828 211 219 • No par, 50 60 50 ..1 -• 2,088 Scott Paper..... 101 Tacony-Palmyra Bridge....* .....1 1,834 Tonopab Mining 230 Transit Invest Corp......... 2,658 118 37% 3% 5% 8% 1% 24% 160 124 119 30% 17 1% 3% 7% 29 46 117 Sale 3% Sale Sale Sale Sale 35 3 4% 7% 1% 20% 172 150 Sale 2% 118% 30% 2% 394 Westmoreland Ex-dividend. 16% 47%. 34% i* 1 Preferred... ....50 3,545 Union Traction 5,553 United Corp common.......* Preferred .._* 1,714 70,666 United Gas Impt com.......* Preferred.... * 2,087 499 Westmoreland, Inc.........* x 1 Sale Lowest Highest Lowest Highest Sale Prices Sale Prices Sale Prices 6% Feb. 1 7% Feb. 28 Sale 18 17 2 1% Sale 8% 3% 6% 12% 11% Sale 10% Feb. 14 2 159% 153% Feb. 158% Sale 14% 17 13% 16 14% Feb. 27 18% 12% Feb. 25 17% 18% 8 122 Sale 120% Feb. 121% 122 8 7% 6% Feb. 7% Sale 6% 47 1 Sale 47 Feb. 4 % 5 4% Feb. 21 4% 5 1 Sale 80% 80 Vs Sale 72% Feb. 5% 5% Feb. 16 1 Sale 30% 28% Feb. 29% Sale 2 Sale 49% 45% Feb. 49% Sale Sale Sale 124 38% 3% 4% Sale Sale Sale 160 2% Sale Sale 17% 1 % Sale 7% 122 125 37% 37% 3% Sale 4% 4% 8% Sale 2 Sale 22% Sale 152 2% 119 157 Feb. 21 Feb. 28 Feb. 27 7 Feb. Feb. 27 30% Sale 18 17 1% a VA 3% Sale 7% Sale Coal .* 2% 3% 34% 11% 112 7% 9 17 13/ 48% 45% 39 34 % l* Sale a 3 Sale Sale Sale Sale 8 10 iM 1 2% 3% 34% 12% 114% in 14% 46% 13 39 35 % 1% Sale 2% Sale 34% Sale Sale 8 11 Sale^ 4% 66% 5% 29% 42% Feb. Jan. Feb. Jan. Jan. 21 117 Jan. 37 Jan. 3 Feb. 21 4% Feb. 7% Feb. 6 5 1 8% Feb. 28 18 2% Feb. 28 22% Feb. 28 1 Feb. 19% Feb. 156% Feb. 20 14 3% Feb. 6 Feb. 28 25 156% Feb. 118 Feb. 18 119% Feb. 30% Feb. 1 Feo. 23 17 7 1% Feb. 3% Feb. 27 6% Feb. 11 25 30% Feb. 1 14 Feb. 23 17 1% Feb. 15 2 3% Feb. 7% Feb. 28 Feb. 35 37 Feb. Feb. 21 1 18% 156% 2% 116% 29% 17 1 Feb. 1 6 3% 3% 38% 13% 115% 8% Feb. 28 Feb. 1 Sale 35 Sale 12 Feo. Feb. 2 13 1 112% Feb. 27 8% 7% Feb. 14 10% 9% Feb. 14 10 Feb. 6 Feb. 28 Feb. 27 Feb. 14 Feb. Feb. 7 20 Feb. 27 Jan. 4 Jan. Jan. 21 5 5 Jan. 9 31 8% 50% 5% 84% 6% 30% Jan. 9 26 51 Jan. 5 23 124% Feb. Jan. 17 38 3% Jan. 23 5% Jan. 30 14 26 16 26 23 Jan. 5 4 3 8% Feb. 28 Feb. 18 2% Jan. 26 24% Feb. 25 165 2% Jan. 30 9 119% Jan. Jan. 23 30% Feb. 17 Feb. Jan. 28 4 Jan. 5 Jan. 30 Feb. 1 Jan. 9 Feb. 23 18 1% Jan. 17 3% Feb. 27 6% Feb. 11 1% Jan. 14 1% Jan. 3% Jan. Jan. 19 Feb. 28 Jan. 14 24 16% Jan. 45% Jan. 34% Jan. 26 W}i Feb. 16 Jan. 5 28 21 12 Jan. 10 Jan. 10 % Feb. 23 1 3 9% 28 Feb. 46% Feb. Sale 8 2% Jan. 4% Jan. 7% Jan. 12 Sale Sale 4 122 1 15 124% Feb. 3% 3% 38% 113% Jan. 26 Feb. % Feb. 2% Feb. J* 120 Feb. 123 4 4 12% Feb. 21 Jan. Jan. 12 159% Feb. 28 Feb. 27 14% Feb. 27 Feb. 25 20% Jan. 10 6% Jan. Feb. Feb. 28 Feb. 14 4 Feb. Feb. 18 7% Jan. 8% 149% 14% 12% 47 14% Sale 28 6 Feb. 2% Sale 6% Jan. 1 Feb. 28 100 Reo Motor Car Co........... 690 SINCE JAN. Sale Prices , par American Store*. American Tel At Tel 50 Banker* Sec Corp pref 50 607 200 Ask Bid Shares Shares $62,500 TN FEBRUARY Feb. 28 Feb. 1 1939 Par 134,000 Elec At People* tr ctfa 4*. 1945 70,000 $134,000 Price BONDS Jan. 1 Shares Shares $39,500 Jan. 3 Since February $70,000 PRICES PHILADELPHIA STOCK EXCHANGE AGGREGATE SALES 1938 1939 Bond Sales 1939 181,656 Stock Sales February % Jan. Jan. 2% Jan. 2% Jan. 31% Jan. 11% Jan. 11% Jan. %. 7 32 Tar, 24 4 12 30 24 26 12 5 24 12 lPs \i Feb. Feb. 3% Feb. 28 6 3% Feb. 38% Feb. 28 ill* i8H Feb. 27 Jan. Jan. 31 17 Jan. 24 San Francisco Stock Exch. MONTHLY AND YEARLY KECORD ' RANGE OF PRICES ON THE SAN FRANCISCO STOCK EXCHANGE 1939 Stock Sales February Shares» Jan. 1 to Feb. 28 AGGREGATE SALES 1938 464,353 1,091,338 February $ 4,000 5,000 2.000 Since Jan. 1 $12,000 Jan. 1 to Feb. 28-__- BONDS Par ^4,000 Bid Feb. Ask Bid 1 RANGE SINCE J AN* I Atlas Diesel Eng Co 6%..1945 5,000 Coast Co G Ac £ Co 4%.. 1965 2,000 Pac Tel & Tel Mtge B 3)4s '66 Lowest Feb. 28 Ask Ask Bid Lowest Highest Sale Prices Sale Prices Highest Sale Prices 90 109% 108% Sale $3,000 8,000 13,000 PRICES IN FEBRUARY Price Jan. 3 1939 1938 1939 February SAN FRANCISCO STOCK EXCHANGE In Bond Sales 202,210 609,073 Feb. 27 Sale Prices 92 Feb. 24 110% Feb. 14 110% Feb. 14 108% Feb. 28 108% Feb. 28 92 Feb. 24 90 Feb. 27 110% Feb. 14 110% Feb. 14 108% Feb. 28 108)4 Feb. 28 UNLISTED BONDS S P Golden Gate Ferries— 1,000 Shares 677 1,000 1949 5)$% STOCKS Shares 1.488 4,007 2,168 66 165 125 1,609 1,525 9% ..... 22c 3,785 Common —1 4,265 Anglo-CaUf Nat'l Bank 20 9,412 Assoc Ins Pund Inc com caplO 3,997 Atlas Imp Diesel Eng Co....5 213 Bank of Calif Nat Assncapltf 190 Beech Aircraft Corp com.... 1 250 Bishop Oil Co new.........5 2,354 Byron Jackson com cap....* 10 190 6 3 17 3,232 Calamba Sugar Estate com 20 """ioo 2,760 m JK 11,640 Calif-Engels Mining Co...—1 512 512 California Ink Co Inc A....* 5,167 California Packing cap.....* 1,569 80 Preferred 280 666 30 900 1,396 100 15,797 6,085 1,130 350 30 806 1,653 700 680 897 340 2,505 616 580 3,221 650 870 20 120 1,080 575 820 2,416 Chrysler Corp common.....5 870 Clorox Chemical A.........* 70 Coast Cos GasAkEl 6%lstpfi00 1,466 Consol Aircraft Corp com 1 Chemical .....100 Preferred.. 2,855 Doernbecker Mfg Co........ 1,551 Electrical Products Corp 4 780 El Dorado Oil Works cap.. 9,555 Emporium Capwell cap.....* 1,840 Preferred. ........ ......50 3,135 Bmsco Derrick & Eq Co cap.A 115 Ewa Plantation ........20 136 Fireman's Fund Iadem cap 10 2,035 Fireman's Fund Insur cap 25 921 Food Machinery Corp com. 10 1.085 Foster Ac Kleiser com.....2H 16 Class A preferred 25 230 common II is!* I* £% 200 15)4 16 21 20)4 4% 12 1.50 50 99 33c 1.05 11 Sale 35% 37 106% 108 23)4 25% 9h 9)4 150 11 Feb. 11 9)4 Feb. 4 54 9h 9)4 Feb. 15 54 Feb. 23c Sale 9 Sale 9 A* Sale 5 Sale 4)4 Feb. 23 1 6)4 Feb. Sale 20c 7H 6)4 179 177)4 185 8 10)4 7)4 10)4 4 3 % 3 16 15)4 14)4 17)4 Sale 16)4 21 20% 20)4 20)4 4 3% 3)4 12 12 10)4 Sale \b 1.75 15 Sale 1.05 11 33c 2.05 15 35c Sale Sale 35c 42)4 43 54 49% 105)4 105)4 105 4)4 Sale 3)4 4)4 Sale 3)4 72)4 73)4 80)4 37 35)4 39)4 106 105)4 108 20 22 22 % 45c Sale 13 28c 35 31c 44 105)4 105)4 Sale 3)4 4 3% Sale 75)4 41 108 Sale 9% Feb. 75 .150 8 Feb. Feb. 28 23c Feb. 2 Feb. 20 Feb. 10 Feb. 16 6 Feb. Feb. 1 2 9)4 Feb. Feb. 25 7)4 Feb. 17 5)1 Feb. 27 185 Feb. 17 8 Feb. Feb. 1 17 11 54 Feb. 11 10 Jan. 6 75 Jan. 23 8 27c Feb. Jan. 24 10)4 4% Feb. 23 5)4 7)4 6)4 Jan. 26 177)4 Jan. 26 190 20c 9 8 Feb. 17 16 Jan. 21 20)4 3)4 11 1.05 Jan. 23 6 Feb. Feb. 21 3)4 Feb. 4 27 18 9 12)4 Jan. 9 1 25c 35 Feb. 2 Feb. Feb. Feb. 9 13 30c Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 28 10 3 36)4 1 17)4 2 49)4 14 100)4 1 35c 49% 2 105)4 Feb. 23 4)4 6 Feb. 4)4 Feb. 21 80)4 Feb. 26 Jan. Jan. 12 6 15 23 2 3 Feb. 14)4 Feb. 20 2 Feb. Feb. Jan. 2 3 Feb. 6 16)4 Feb. 17)4 Feb. 28 Feb. 34)4 38)4 36)4 16)4 Sale 17)4 17)4 16% Feb. 48 % 49 Feb. 49)4 49)4 Sale 100 Feb. 100)4 Sale 100)4 102 31c 47% 107 H . iiM 1!* 30c 3% Sale 3H 18 4,313 Inc class A partlc pref • 1,915 Creameries of Amer (new).-.l 18,984 CrownZellerb Corp com (new) 2,680 Preferred (new)....... 1,539 Di Giorgio Fruit Corp com. 10 846 Feb. Jan. Feb. 9 3 16)4 Jan. 23 Jan. Jan. Jan. 49 1 98 16 1 1 28 4 40)4 Feb. 27 37 Feb. Feb. 17 107)4 Feb. 21 108 20)4 Feb. 15 22)4 Feb. 28 17* If* 30c Jan. 35 Jan. 105)4 Jan. 19)4 Jan. Feb. 17 Jan. Feb. 20 Jan. 19 Jan. 17 9 Jan. Feb. 21 6 24 5 25 36)4 Feb. 28 Jan. 25 Jan. 5 19 Jan. 24 Feb. 18 16 49)4 Feb. 25 Jan. 24 107 3)4 Jan. 26 3)4 Jan. 26 68)4 Jan. 28 25 1.50 Jan. Jan. 13 Jan. 35c 50 9 102 11 35c 42)4 Jan. 25 105 23 9 Feb. 3% Jan. 12)4 Jan. 26 25 7 25 10 8 Jan. Jan. 5 4% Jan. 31 1 4% Feb. 4 83)4 Jan. 25 40)4 Feb. Feb. 10 108 25 24% Jan. 27 17 4 Industries Gallaad Mercantile 220 45% 104 .....1 Preferred... Gonsol 4,723 96 31c 29 ,l62 Central Eureka Mg Co com. . 1 13.935 54 9% 23c 38 H Sale ..........—50 Preferred stock........100 25c 15 Sale 3,850 Carson Hill Gold Mg capital-1 3,509 Caterpillar Tractor cap....* 160 9)4 .— a10^ 1.05 210 California Water Serf preflOO Preferred 10 150 4% Sale 7 6% 20 437 Calaveras Cement .Co com...* 76 Calif Art Tile Corp class A..* 250 Class B * 430 Calif Cotton Mills cap...100 70 200 20 54 par 2,260 Alaska Juneau Geld M cap-IS 5 Alaska Packers Assn cap—100 Anglo-Amer Mining Corp Ltd 2,610 50 21 4 4% W* 85 2.15 , Vk* 87 2.25 14 3)4 9% 15 % 15)4 Sale 4)4 10 20 15)4 35 35)1 9 11 31 Sale 36 41 82 Sale 34 35)4 1.55 1.75 17)4 17)4 4 4)4 13)4 Sale 88 Sale 2.50 3)4 15 Sale 3)4 3J4 10 9 16 % 20)4 14 15 18)4 4)4 19 Ay Sale 13 87 Sale 1!* 4 20 4)4 10)4 Sale 12)4 Sale 17)4 Sale 17 Feb. 7 4)4 Feb. 12)4 Feb. 21 86)4 Feb. 23 2.75 Feb. 15 Feb. 41)4 Sale 7)4 30)4 31)4 Feb. 37 38 % 38 84 14 16 30 31)4 1.50 Sale 14 16)4 21)4 24 22 83 3I* S3a9le* 30)4 Sale 1.50 1.30 14 30 7)4 Feb. 11 Feb. 20 2 82)4 Fee. 27 24 19)4 4)4 13)4 89)4 4)4 Feb. Feb. 16 4 Feb. 9 Feb. Feb. 25 21 Feb. 4)4 Feb. 10)4 Feb. 16)4 Feb. 25 25 28 2 17)4 Feb. 25 41H Feb. 28 1 8 H Feb. 31 % Feb. 17 30 Feb. 16 1.30 Feb. 24 17 14 Jan. 24 3 3)4 Feb. 10 9)4 Jan. 10 12)4 Feb. 28 Jan. 12 35)4 Jan. 4 14 7)4 Feb. 11 Jan. Jan. Jan. 21 31 81 1 19)4 Feb. 24 5 4)4 Jan. 91 2.10 Jan. 14 Jan. 2 85% Feb. 30)4 Feb. 28 1.50 Feb. 9 30 24 4 12 37 Feb. Jan. Jan. Jan. 85)4 Jan. 26 25 39 15 27 8 1 3)4 Feb. 10 9 10 Feb. 12 H Feb. 28 6 15 Feb. 7 35)4 Feb. 35)4 36)4 8)4 Sale 30)4 34 41 87 9 3 4 16 30 Feb. 1.30 Feb. 24 Jan. 25 14 7 Jan. 10 4)4 Feb. 25 Feb. 25 21 4)4 Feb. 25 17* 17)4 41)4 10)4 31)4 Feb. 28 Jan. 17 Feb. 25 Feb. 28 Jan. 4 20 Feb. 25 85)4 Feb. 30)4 Feb. 28 1.60 Jan. Jan. 14 25 39 Jan. 2 6 Laundry (capital) ........* 24 24 Feb. 8 8 Feb. 9 30)4 Feb. 17 21)4 Jan. 5 30)4 Feb. 17 General Metals Corp— 930 413 400 2,300 Common capital _.__2)<j 10,947 General Motora.... ....10 5,215 General Paint Corp com * 1,257 Preferred................* 1,296 Gladding McBean Co com..* 38,633 Golden State Ltd cap......* 935 Hale Bros Stores, Inc, cap..* 1,004 Hancock Oil * 1,481 6,875 2,887 Hawaiian Pineapple Co (new) 33,341 Holly Develop Co common 1 3,431 2,657 1,097 360 25,711 9 49 7H 26 J4 9% 50 8 9)4 Sale 6)4 Sale 12)1 14)4 38)4 41 19 92c Sale 1.00 8 9)4 45)4 Sale 7)4 7)4 29)4 Sale 7H 8)4 6)4 13% 15 IT 1.25 Sale 8)4 Sale 49)4 Sale 7)4 Sale 32)4 35 7H 8)4 8)4 Sale 1 45 % Feb. 7 Feb. 21 1 29)4 Feb. 7)4 Feb. 10 7 Feb. 2 14)4 15 40 43 14H Feb. 17 7 40)4 Feb. 20)4 21 1.30 19 Feb. 1.10 Feb. 1.20 7 16 9)4 Jan. 50)4 Jan. 4 43 9 Feb. Jan. 26 6)4 28)4 7)4 6)4 13)4 Jan. 27 Jan. 25 Feb. 10 Jan. 23 6 Jan. Jan. 7 Feb. 24 4 8 49)4 Feb. 28 7 % Feb. 24 9 Feb. Feb. 24 Feb. 16 8)4 Feb. 23 15 Fod. 23 41)4 Feb. 10 20)4 Feb. 24 2 1.35 Feb. 32 8 Jan. 1754 Jan. 1.00 Jan. 40 19 27 5 32 V 9H Jan. 5 3 8)4 Feb. 23 15 Feb. 23 10 41% Feb. 20)4 Feb. 24 1.40 Jan. 20 Jan. 30 10 Home Fire k Marine Insur 70 10 1,106 60 390 405 20 1,628 3,012 30 1,130 2,389 11,413 1.691 2,711 20 2,608 420 15,216 7.823 3,140 10 40 3.920 140 1,050 Co of Calif capital..... 10 3,616 HonoluluOilCrpLtd cap new* 76 Honolulu Plantation cap...* 569 Hunt Bros. Packing com...* 727 Preferred...............10 26 Hutchinson Sug Plant cap.15 4,218 Langendorf United Bak cl A * 8,640 356 Class B Preferred • .... 2,350 Leslie Salt Co capital ...._• 5,079 Le Tourneau Inc common.10 23,216 Lock Heed Alrcr Corp com l 3,040 Magna vox Co Ltd (capital)?)* 4.086 Magnin Ac Co (I) common...* 20 Preferred..............100 4,346 Merchant Cal Mach Co com 10 2,226 Meleir-Frank Co ..........10 47,111 Menasco Mfg Co common...1 19,280 Nat Auto Fibres IncCom stkl 5,773 Natomas Co capital • 407 North Am Inr Corp com.. 100 50 60 0% preferred 100 AM % preferred.... ..100 5,700 North Amer Oil Consol cap.10 300 Occidental Insurance cap.. 10 1,600 Occidental Petrol Corp com.l 35)4 40 22 13 2^ 38c 1.4U 7 90c 1.60 16 9 39% 40 30 1 5 10 18 Sale 42)4 Sale 3154 35)4 Sale 55c 70c 13)4 Sale 100 39 41 22)4 23)4 15 . ..... 50c 1.40 8 17 % 10)4 40)4 38)4 27)4 \\V* 55c 12 75c 2.25 10 18)4 a* sti* 40 Sale 15 40c Sale 1.50 Sale 7 10 19 Sale 12 Sale 39 11* 22)4 Feb. 25 12)4 Feb. 11)4 Feb. 2 16 8)4 Feb. 20 19 Feb. 4 12 Feb. 25 40)4 44 41 4 41)4 Feb. ily* 29 42)4 30)4 40)4 Feb. 14 1 27)4 Feb. 3 28)4 Feb. Sale 60c 14)4 Sale 55c 13)4 "13)4 9)4 a10,* Sale 14% Sale 9k 9)4 5)4 Sale 8)1 Sale 10 % 11)4 5 5)4 31)4 35 30 36 30 4)4 8)4 Sale 10)4 Sale 6)4 tn lg* fill 31 28)4 10)4 26 18c 19c w* 16c Sale 11)4 3!* 25* 20c 9 30 29)4 37 40c 28 19c Feb. 20 Feb. 20 1.50 Feb. 28 8 Feb. 17 3 18)4 Feb. 55c 15% Sale 13)4 108)4 106 15)4 Sale 13)4 9)4 10)4 10 Sale 3)4 10)4 Sale 27)4 22 65c 106 105 5 38 Feb. Feb. 6 Feb. 8 39 23; 9 Feb. 27 Feb. 24 36)4 Feb. 24 60c Feb. 14 15)4 Feb. 20 Feb. 1.50 Jan. 8 Feb. 20 15)4 Jan. 8)4 Jan. 38)4 Jan. 13 10 13 3 27 24 40c 40 30 24)4 Jan. 25)4 Jan. 55c Jan. 12% Jan. 30 11 18c 19c 8 15 39 Jan. 12 5 22)4 Jan. 12% Feb. 27 42 29)4 Feb. 20 3 9)4 Feb. 7 25)4 Feb. 5)4 Feb. 10 12)4 Feb. 27 17 108)4 2 15% Feb. Feb. 11 10% 7 Feb. 4)4 8 Feb. 2 8)4 10)4 Feb. 20 11 5)4 Feb. 15 5% 10 20 Feb. 50c Feb. 1.75 Feb. Feb. Feb. Feb. 21 Feb. Feb. 28 3 Feb. Feb. 24 Feb. 25 Feb. 2 Feb. 15 Feb. Feb. 9 24 26)4 Feb. 25 Feb. 1 106 Jan. Feb. 12 Jan. 9 Jan. 3)4 Jan. 7)4 Jan. 9 17 40 23% Feb. Jan. 5 Jan. 50c 1.75 Feb. 5 16 20 15 Feb. 1!* Feb. 4 12 Feb. 25 41)4 Feb. 9 Feb. 27 30)4 Jan. 36)4 Feb. 6 24 42 Jan. 9 26 15% Feb. 17 108% Feb. 23 15% Feb. 11 10)4 Feb. 24 5)4 Jan. Jan. 12 20 4 21 10 5 Jan. Jan. 31)4 29% 9)4 23)4 Jan. 24 Feb. 20 3 Feb. Jan. 23 18c Feb. 30 10 67c 21 28 3 4 20 1?* 3!* Jan. 23 Jan. 31 30 Feb. 2 Jan. 12 11% Jan. 26)4 Feb. 25 Jan. 17 7 Feb. 25 21 19c 9 O'Connor Moffatt & Co— 180 15 925 800 100 585 6,473 12,519 9,904 3,641 4,955 990 3,741 2,257 * 180 Class AA common * 732 Oliver United Filters Inc A..* 2,683 B • 5)4 8 21)4 5)4 5)4 5)4 6)4 5)4 6)4 9 Sale 20)1 806 PaauhauSugarPlantCo caplS 674 Pacific-Amer Fisheries, Inc.5 1,842 Pacific Can Co. * 22,999 Pac Coast Aggregates com. 10 2.30 20,840 Pacific Gas Ac Elec Co com.25 29 32 21.936 0% 1st preferred........25 9,271 B%% 1st preferred......25 28)4 8,749 Pacific Lighting Corp com..* 43)4 1,660 $0 dividend pref..........* 107)4 8,623 Pac Pub Serv com (new) ...* 7 6,518 First preferred e 20)4 No par value. 6 19)4 4)4 5)4 5 o Sale 8)4 6)4 21)4 5)4 6)4 5)4 A* 7 20 5)4 Sale 5 6 6 6)4 9)4 Sale Sale 29)4 32)4 33)4 Sale 32)4 Sale 29)4 44)4 Sale 2.20 Sale Sale Sale Sale 29 43)4 Sale 47 29)4 Sale 21)4 Sale W74 20)4 2!* 2.15 Sale Sale 8 21)4 Feb. 16 5 Feb. 24 2 5)4 Feb. 9 Feb. 11 2.15 Feb. 3 1 29% Feb. 1 32 Feb. 29 1 Feb. Sale Sale Sale 5 1 43)4 Feb. Feb. 11 106)4 107)4 106 6)4 Feb. 20)4 Feb. 2 2 7 Feb. 25 5)4 Feb. 27 2 6)4 Feb. 5)4 Feb. 2 9)4 Feb. 28 2.25 Feb. 33% 32M 29)4 47)4 108)4 7)4 21)4 1 Feb. 28 2 Feb. Feb. 17 Feb. 28 Feb. 16 Feb. 25 Feb. 16 8 5)4 Feb. 18% Jan. 24 5 Jan. 24 5 Feb. 24 2 5)4 Feb. 8 2.15 Jan. Jan. 28)4 Jan. 31)4 Jan. 28)1 Jan. 41)4 Jan. 106 Feb. 6)4 Jan. 20 Jan. 26 Jan. 6 5)4 Jan. 6)4 Feb. 2 Feb. 17 6 9)4 Feb. 28 2.40 Jan. 18 13 33% Feb. 30 ■32% Jan. 12 29% Feb. 30 47% Feb. 11 109 Jan. 28 7)4 Jan. 26 6 21% Jan. 4 28 20 17 28 10 17 12 Shares 190 130 January 3 STOCKS Jan. 1 Shares 530 F«c Tel Ac Tel Co 210 6% preferred 40 Philippine Long Distance 40 Tel Co capital...... 100 1,064 Phillips Petroleum Co cap..* 600 Plg'n Whistle Corp partic pf * 2,182 5,758 Rayonler Inc common......1 Cumulative preferred...25 2,300 3,767 Republic Petroleum Corp 1 20 1,763 4,865 ""460 30 28,861 20,246 1,060 379 70 1,545 900 Puget Sound Pulp & Tim com 795 Ry Eq Ac Realty Co Ltd com.* 120 6% preferred (new).....100 80 Preferred...............50 4,628 Rheems Mfg Co 1 26,717 Richfield Oil Co common Com stock purch warrants. 1,004 1,067 Rooa Bros Inc common.....1 70 Series A preferred......100 66,489 Ryan Aeronaut Co com cap.l 28,626 Rights Shell Union Oil Corp com. 50 BH% cum conv pref 1<0 100 Sherw d Swan Co Ltd cl A. .10 325 390 2,170 Sou Cal Gas pfd 6% cum A.25 22,604 Sou Pacific Co com (cap'l)-lOO 2,174 Sou Pac Golden Gate cl A..* 811 " 1,275 120 6,371 2,698 500 110 1,403 10 100 Preferred 53 150$* 10 3* 56 54 54 50 52 50 44 % 2.00 39 2.40 40% ■3X 38 3* 1.50 6% 5% 4,496 Sperry Corp common ▼ t c 1 335 Sprint ValleyCo Ltd capital * 20,839 Stand Oil Co of Calif capital * 4.555 Super Mold Corp of Cal cap. 10 1 1,000 Texas Consol Oil Co com.. 610 Thomas Alloc Corp class A * 3,326 Tide Water Assoc Oil Cocom 10 200 43* % preferred new 100 41,803 107,701 Transamerlca Corp capital. 2 7,278 3,308 Common capital ...1 15,487 13,911 Union Oil Co of Calif cap..25 1,008 1,369 2,135 1,838 Union Sugar Co comason..25 2,536 United Air Lines Trans t t c.5 10 4,560 Universal Cons Oil...... 1,667 Victor Equipment Co com..l Conv cum pref..........5 2,384 990 Walaiua Agricultural Co..20 75 Weil & Co com 100 250 WellsFargoBk At UnTr cap 100 . Sale 4% 934 6 7 41 4:7% Sale 163* 22% 3% 37% 23% Sale ! lH 4$* 9 3* 55 42 Sale 100 7 37 it* 105 Sale 6% 34 M 5$* 15%. Sale 5h 6% 30% Sale 35% 36% 1.10 2.00 5% 13% 13 104 6 31 Sale 95 31% 20% 16 % 17% 96 93 $* 94 32% 6 10 7 60 45 373* 13$* 33% 32* Sale 21 4 Feb. 8 Feb. Feb. 16 3 4 52 Feb. 24 43 Jani. 1.90 Jan. 13 2.80 Feb. 9 11 43* Feb. 1 63* Jan. 24 9 Feb. 24 7 Jan. 26 9 55 Feb. 27 Feb. 24 27 14 Jan. 4 10c Sale 2c 9c 6c 15c 5c 43 4434 45 5 «5,V* Sale 5 283* 2134 22% IVA 28 30c 40c 30c 76c Sale 76c 13% 95 93% 6% Sale 12% 93% 6% Sale 51c 31c 36c 85c 60c 1.00 14 96% Sale 13 95 6$* 463* 53* 283* Sale 36c 90c Sale 963* Sale 23 Feb. 15 3 353* Feb. 24 13$* Feb. 27 Feb. 4 163* Feb. 28 103 Feb. 17 73* Feb. 16 Feb. Feb. 53* Feb. 68c Feb. 1 383* Feb. 25 2.00 Feb. 25 383* Feb. 2.00 Feb. 6 Feb. 28 133* Feb. 25 106 Feb. 7 Feb. Feb. Feb. Feb. Feb. Feb. Feb, Feb. 28 27 313* Feb. 16>* Feb. 16 10 10 94 Feb. 6 '24 20 32$* Feb. 9 183* Feb. 28 10c Feb. 28 15c 46% 453* 6$* 5% 28% Sale 23% 21% 55 12 Jan. J an. 10c 28 45$* 53* 27$* 23$* Feb. 11 2 Feb. 1 Feb. 8 Feb. 463* Feb. 53* Feb. 28$* Feb. 30c Feb. 21 1 Feb. 30c 76c 123* Feb. 1 Feb. 17 63* Feb. 23 95 28 76c 16 2 6 28 Feb. 21 Feb. 1 Feb. Jan. 10 Jan. 10 Jan. 26 8$* Jan. 13$* Jan. Jan. 100 103* 33* 6 163* 11 105 Jan. 19 Jan. 18 Feb. 28 Jan. 25 53* Feb. 7 Jan. 27 «ZH 72c 323* Jan. 2.00 Jan. 16 383* Feb. 25 J an. 5 50c Jan. 3 Jan. 31 4 2.00 Jan. Feb. 6 26 13$* Jan. 7 106 106 Feb. Feb. 5 Jan. 23 6 Jan. 29 Jan. 23 J an. 32 153* Feb. 27 Jan. 93 Feb. 10 96 Jan. 5 123* Jan. 4 28 20 7 18 5 3 13 32 Jan. 10 333* Jan. 15 Jan. 26 21$* Jan. 10c 9c Feb. 28 35c Jan. 10 Jan. Jan. 10c 46 3* Feb. 18 393* Jan. 53s Jan. 26$* Jan. 7 24 5 26 26 21 Jan. 30c Feb. 21 Jan. 13 75c 1 6 38c 17 88 26 6 13 Feb. Feb. 95 5 7 353* Feb. 24 63* Feb. 16 Jan. 33* Jan. 1 123* Feb. 93$* Jan. 25 63* Feb. 23 133* Feb. Feb. 6 23 2.35 Jan. Feb, 30c 42$* Jan. 24 12$* Feb. 17 20 8 293* 153* 933* 323* 18$* 6c 14 Feb. 9 1 Feb. 35c 2 12 14 7 Sale 9c 50 103* Feb. 593* Jan. Feb. 17 Feb. 53* 13 13$* 1063* 106 73* Sale 293* Sale 153* 95 933* 323* 323* Sale 16$* 6 9 Feb. 8J* Feb. 13 52c 133* Feb. 203* Feb. 102 2.25 2 53 15 Feb. Feb. 353* Feb. 24 1013* 105 6$* Sale 6 Feb. 103* Feb. 6 12$* Feb. 17 20 15 2.00 Jan. 147 2.80 Feb. 53* Feb. 52 2.90 383* Sale 121 Highest Sale Prices 24 125 Feb. 8 8 150$* Feb. 28 393* Jan. Sale 16 3* 105 5 28 Feb. 8 1223* Feb. 25 125 147 Feb. 8 150$* Feb. 28 103* Feb. 2 103* Feb. 2 54 Feb. 28 53 Feb. 9 2.60 Feb. 23 1 43* Feb. Sale 5 Lowest Sale Prices 50 3 13% 68c Highest Sale Prices 2.50 93* Sale 100 Lowest 523* 39$* £* 40 2.00 29 % 2.00 Sale 13$* 13 3* Sale 11 20 3* Sale 2.50 105 Sale 13 16 13%. Sale 20 12% 9% Sale Ask 20% 14 20% 3% 2.55 13% • Class B 11% f.li 1.75 2,205 10% 60% 28% 1.554 Signal Oil Ac Gas Co class A.* 6,528 Sound view Pulp Co new 5 1,110 7,669 12% 59 common. * 50 90 148 % 150 150 113* 674 Schlesinger (B F) com (new). 90 Preferred (new) 25 2,614 Safeway Stores Inc """630 •2,408 120 148 50 3iy 180 500 561 40 400 Ask Bid 124 124 Bid 121% Sale common. 100 809 745 Ask Sale Prices Feb. 28 Feb. 1 1939 Bid Par 100 205 Pacific Western Oil capital. 10 1,673 Paraffin# Cos, Inc., com....* 100 1 Prices Since February RANGE SINCE JAN. PRICES IN FEBRUARY san francisco stock exchange AGGREGATE SALES In 63 SAN FRANCISCO STOCK EXCHANGE March, 1939] 4 16 Jan. 14 5 28 Feb. 28 36c Jan. 26 85c Jan. 9 143* Jan. 95$* Jan. 7$* Jan. 18 2iU Jan. 20 5 10 Tread well Yukon Corp Ltd— 637 1,359 470 25 80 Western 500 1,073 55c 18$* Sale 6% Sale 13% Sale 15 16 3% 4 9 9% 27% Sale 50 280 Pipe Ac Steel of Calif ................It 286 50c 18$* 7% 10$* 13% 3% 8% 24% 10034 19 Sale 287 Sale 11 14 4 10 27 38c 40c 18$* 193* '83* 7% 123* Sale 153* Sale 4 33* 93* 8$* 26$* 263* 38c 183* 73* 10$* 13 3* 33* 8$* 25$* Feb. 20 9 Feb. 1 Feb. 2 Feb. 2 Feb. Feb. 11 Feb. 17 Feb. 15 110 150 110 Feb. 290 300 285 Feb. 40c 4 183* Feb. 3 83* Feb. 123* Feb. 28 153* Feb. 28 3 33* Feb. 83* Feb. 26 3 110 6 290 7 Feb. Jan. Jan. Jan. Jan. Jan. Jan. 20 55c Jan. 4 183* 63* 1034 133* 33* 8$* 26 19$* 83* 13$* 15$* Jan. 19 25 Jan. 26 24 Feb. 3 110 20 285 Feb. Feb. 28 26 13 3 Jan. 3 Jan. 14 4 Jan. 11 9 Jan. 273* Jan. 7 3 Jan. 6 19 Jan. 5 Jan. 9 Feb. 21 34 33 Feb. Feb. 28 21 4 Jan. 10 18% 19% 16$* 183* 17 Sale 16$* Feb. 17 Feb. 28 16$* Feb. 31 29 313* 34 Sale 30 Feb. 34 29 25 30 25 33 313* 33 Feb. 33 4 33* 33 Sale Feb. 28 Feb. 21 6 23 Feb. Jan. 28 110 6 300 Feb. 29 mmoa 11 Jan. 28 14 Yellow Checker Cab Co— 300 360 20 20 817 (Consolidated) cl A ser I.AO Class A series 2 com cap..50 3% Sale 1,742 Yosemlte Port! Cem Co pf-.lO STOCKS 100 Amer Pow & Light com—.* , 33 14 3 3* Jan. 6 53* 6$* 63* 153* 14$* 153* Feb. 20 16$* Sale 16$* Feb. 28 Sale Feb. 28 1523* 153$* 159 155$* Feb. 10 159 6$* Jan. 153* Feb. 1493* Jan. 33* 33* Feb. 33* Feb. 23 UNLISTED 988 1,190 8,238 800 1,005 1,162 1,869 Amer Rad Ac Stand San com. * 2,673 Amer Tel Ac Tel Co com—100 14,986 Am Toll Bridge (Del) com—1 2,632 Anaconda Cop Mg Co com. .50 2,150 Anglo Nat Corp cl A com * 2,197 Argonaut Mg Co Ltd capital 5 100 Ark Nat Gas class A com "955 100 595 2,347 100 4,601 6% 5% 18% 17% 149% 150 46c 48c 33% 10% 7% 2% * 39% 2,783 Atch Top Ac S Fe RR com..100 700 Aviation Corp (Del) com 3 855 Aviation Ac Trans Corp cap.. 1 4,525 Bendix Aviation Corp com..5 100 Berkey At Gay Furn com 1 9,193 t Blair Ac Co Inc capital. ..1 8% 48c 28$* 10$* Sale 3 41% Sale 3i* 7 3H 3% 28 28% 24$* % % 3% Sale Sale 57c Sale 46c Feb. 29 31 Sale 29 11X 103* Feb. 17 Feb. 23 Sale 103* 5 6 363* 7$* 38 20 46c 28 6$* Feb. 4 17 11 2 28 Feb. 20 Jan. 5 11 Jan. 6 73* Jan. 273* Jan. 10 Jan. 53* Jan. 23* 36$* 6 3* 3 3* 263* $* 2$* Jan. Jan. Jan. Jan. Feb. Feb. 30 23 21 13 Feb. 6 72 Feb. 3 3* 63* Sale 273* 26$* 3* 23* Sale8 73* 3 $* 6$* 263* $* 2$* Feb. Feb. Feb. Feb. Feb. Feb. 73* 3 $* 63* 293* $* 23* Feb. Feb. Feb. Feb. Feb. Feb. 13 Feb. 21 13 Feb. 72 Feb. 1.25 Feb. 21 63* 73* 33* 53* Feb. 1 Feb. Feb. Feb. Feb. 57c 36 Jan. 57c 31 3 39 33* 63* 25$* 10 3 6$* Jan. 20 16$* Feb. 28 159 16 28 24 17 9 36$* 83* 3$* 293* $* 3$* Jan. 30 Jan. 3 Jan. 11 Feb. 24 Feb. 17 Jan. 12 21 13 Feb. 6 72 Feb. 6 1.25 Feb. 21 23 5 17 27 Bunker Hill At Sullivan Mg 2H 13% 14% 12$* 13$* 13 6% pref (1927 series) 100 460 Calwa Co common ......10 65 1.15 80 68 75 71 100 150 35 40 At Con Co common Calif-Oregon 217 133* 21 Power— 1.15 1.15 .... .... 72 Feb. 1.25 Feb. 1.15 Jan . 4 Cities Service Co (new)— 1,250 450 2,'688 $10 par 10 2,390 Claude Neon Lta Inc com—1 7% 1 20c 200 Coen Cos Inc class A conv...* 7% Sale 50c 8 1 15c 83* Sale 50c 8 1 15c 8$* Sale 83* Feb. 2 9 Feb. 2 Feb. 1 1 Feb. 115 605 1,594 1,127 320 915 567 157 100 1.620 * 4 5 11 12 Assn Inc common— 8% 2,330 Consol Oil Corp common...* 5,432 Curtiss-Wright Corp com—1 3,757 Domlnguez Oil Fields cap... * 320 Dumbarton Bridge Co com. 10 2,115 Elec Bond Ac Share Co com—5 2,746 General Electric Co com....* 302 Hawaiian Sugar Co capital 20 285 Hobbs Battery cl B capital.. * 1,086 Holly Oil Co capital 1 Idaho Maryland Mines Corp 6,200 Capital 1 jx 25c 13,500 45 1.50 7 54 45 Monolith Portl Cement com. * 290 15 ""200 25 8% Sale 35c 2.40 Sale 55 9% 35c 30c 2.25 Sale 26 25c 6 4 Jan. 133* Feb. 24 83* Feb. 27 12 Jan. 10 19 13 3* 7 37 30c Sale 123* 8$* 63* 363* 83* 6$* 36$* 6 Feb. Feb. 24 Feb. 10 Feb. 27 9 363* Feb. Sale 25c 60c 30c ii* 123* 11 42 53* 11$* aVA Sale 103* 383* 243* 8* 20c 30c 2.25 6$* 50 83* 10$* 33* 5 26 25 30c 30c 2.00 Sale 533* 93* Sale 6$* Feb. 83* Feb. 93* Feb. 27 Feb. 1.90 Feb. Jan. 63* Feb. 52$* Jan. 63* Feb. 14 3 14 7 Jan. 17 52$* Jan. 17 8 Jan. 26 Feb. 27 26c Jan. 26 37c Jan. 20 3 7 9 10c 10c 5c Jan. 13 22 20$* 20 30 20 3% 15c 3% 7% 4% 43* 19$* 33* 15c Sale 12c Sale 4 17c 14c 6 4 43* 4 9 73* 9 73* Sale 35 47$* 53* 48$* 5$* " L65 45 2.56 50 4% Sale 23% 24% 10 7% 5% 3% 13 8% 7% 4% Pref erred... 777 260 Shasta Water Co common—* 22 23 233* 9,160 Sou Calif Edison common..25 C5H% preferred 25 2,696 B 6% preferred 25 4,402 236 Sou Calif Gas 6% pref....25 24 28 243* 27% 28% 27% 28% 1.70 45 4 193* 10$* 6 43* 223* 233* 23$* 273* 293* 2.80 50 Sale 20$* 12 V 4$* 24 27 24 27$* 293* 1.80 45 2.40 50 25 Sale 25 Sale 263* Sale 27$* Sale 293* 28$* 31% 22 Jan. 5 25 Jan. 5 33* Feb. 33* Feb. 21 8 4 Feb. Feb. 23 Jan. 28 33* Feb. 15c Feb. 20 12c 4 Feb. 23 25 33* Feb. Feb. Feb. 50 5 Feb. 8 17 Feb. Feb. 523* 53* 83* 193* Feb. 28 2 Feb. Feb. 25 Feb. 16 21 Feb. 21 22 Feb. 23 243* Feb. 10 Jan. Feb. 27 2.05 Feb. 48 Feb. 17 Feb. Jan. 28 243* Feb. 10 303* Feb. 17 .1.80 Feb. 17 48 Feb. Feb. 11 1 22$* Feb. 28 11 Feb. 4 63* Feb. 20 53* Feb. 17 5 Feb. 17 223* Feb. 14 33 Jan. Jan. 17 Jan. 10 Jan. 24 Feb. 28 Feb. 73* Feb. 25 28 25 .Tan. 4 23 Jan. 21 11 Feb. Feb. 8 12 9 43* Feb. 223* Feb. 28 11 7 4 19 23 Jan. Feb. Jan. 16c Feb. 28 Jan. 5 Feb. 25 Feb. 16 26 31 Jan. 1 6 523* 63* 83* 193* Jan. Jan. Jan. 4 4 223* Sale 12 143* 73* 73* 53* 53* 73* Sale 17 21 17 21 8 333* 49% 50% 6% 6% 8% 8% 18 % Sale 5c Tan. 20$* Feb. 20$* Feb. "333* 43* 13 8 20$* Feb. 17 21 "3l" 6 14c 500 Pacific Indemnity Co cap.. 10 525 Pacific Portl Cement com. 100 70 6%% preferred 100 2,454 Packard Motor Car Co com. * 150 25 11 7 11 500 .... Feb. Jan. 2.50 Jan. 2.50 Jan. 28 .... 5 40$* Jan. 23 25 20 Jan. 10 27 420 253* Feb. 25 30c Feb. 21 1 Jan. 23 23 4,192 1,125 2,214 6 Feb. Feb. 21 Feb. 30c 12$* 38$* Jan. 42$* 22 Jan. 23 253* 30c Jan. 11 30c 1.90 Feb. 22 5,026 Schumacher Wall Board com* 1 2 36 3* Feb. 5c Jan. 18% 3,806 Feb. 14 205 Onomea Sugar Co capital..20 Radio Corp of Amer com—.* 500 Riverside Cement (Del) A—* Feb. 11 363* Feb. 10 36 3,922 30c 30c Feb. 2.20 Feb. 23 350 Feb. Feb. 363* Feb. 24 1,726 1 6 7 25c Sale 100 Feb. 12$* Feb. 3 14 38$* 17 . 30c Jan. 373* Feb. 35c 2.15 203* 200 Pennsylvania RR capital. .50 100 Pioneer Mill Co Ltd capital 20 1 2 24 2.00 23 20 353* Jan. 25 6 Feb. 37$* 23 200 1 14 7 Feb. Jan. 20% Montgomery Ward Ac Co, Inc, common * Mountain City Cop Co cap .05 915 Nash-Kelvinator Corp cap..5 5,535 Nor Amer Aviation Inc cap..l common Feb. 373* Feb. 4 83* Feb. 10 6 Jan. 26 28c 23 1,354 5 29c 2.05 Sale 37 43% 20 500 2 19 36 5c 5c 2,517 7,828 478 North Amer Co Feb. 52 22 278 88 6 33* * 2,747 Jan. 25 25c 405 Oahu Sugar Co Ltd capital 20 520 53* 133* 83* 6$* 253* Sale 51 Sale 6 13 3* 523* Sale 53* Sale 8 83* 183* Sale 263* 253* 22 233* 986 2,103 Feb. 13* Jan. 25c 42% 10 Preferred 11% 20c 2,146 Internat Tel Ac Tel common.* 6,109 Italo Petrol Corp of Am com 1 15,091 7% cum preferred 1 1,125 Kennecott Copper Corp com * 200 Kleiber Motor Co capital..10 80 Marine Bancorporation cap.* 1,000 Matson Nav Co capital..... 200 McBryde Sugar Co Ltd cap 5 29,200 M J Ac M Ac M Consol capital. 1 4,006 8,414 50c 10% 42% 22 itS 83* Sale 37% Sale 100 Internat Nickel of Can Ltd.* T.I80 9 25 Jan. "I 315 Comm'l Solvents Corp com..* 2,350 24 $* Jan. 15 Columbia River Packers 1,530 Jan. 7 1 1 50c 243* Feb. 33 Feb. 2.45 Feb. 48 Feb. 4$* Jan. 223* Feb. 11 Feb. 19 20 10 27 17 11 4 28 7 Jan. 26 83* Jan. 5 2 Jan. 24 6 Feb. 2 73* Feb. 28 253* Feb. 28 Jan. 18 6 Feb. Jan. 18 25 Feb. 28 25 Feb. 28 Jan. 26 24$* 273* 283* 333* 3 Feb. 9 Feb. Feb. 27 7 Feb. 263* 27$* 29$* 333* Feb. 28 Feb. 17 1 Feb. 7 Feb. Jan. 28 Jan. 11 Jan. Jan. 10 3 3* Jan. 13 73* 253* 263* 26 3* 27$* 29H 333* Feb. 28 Feb. 28 Jan. 13 Feb. 28 Jan. 9 Feb. 1 Feb. 7 Sou Pac Golden Gate Co— 40 • No par value, 6% preferred 100 3% f Formerly Bancainerica Blair Corp. 8 43* 8 33* 8 4 Jan. 6 64 SAN FRANCISCO STOCK EXCHANGE SAN FRANCISCO STOCK EXCHANGE AGGREGATE SALES STOCKS 1939 Par Shares Shares 329 ' Bid •593 Standard Brands Inc com—* 3,006 Studebaker Corp common. _1 489 35 * 12 Class B 10 10 common 2,175 5,229 100 100 Utah-Idaho Sugar Co com..5 6834 34 600 Vica Co 80c 180 500 1;342 1,032 25 common 4234 3934 234 70c Warner Bros Pictures com..5 Los 1 Bid Feb. 28 Ask Bid .,634, 734 4534 14J4 4334 4034 3 34 SINCE JAN. 11 634 734 634 734 .734 , ' 4 Lowest Ask 734 Highest Lowest Highest] Sale Prices Sale Prices Sale Prices Sale Prices 17 634 Feb. 7 734 Feb. 17 634 Feb. 7 734 Jan. 25 634 Feb.jn7 834 Jan. 17 634 Feb. 734 Feb. 7 • 85c 70c Sale 134 40 44 41 12 1434 1334 Feb. 27 1334 Feb. 27 44 45 3734 234 3834 334 1334 1434 4234' 44 3934 4034 3 34 Sale 3734 Feb. 7 3 34 Feb. 28 70c 70c 4234 334 75c 6434 34 Feb. Feb. Feb. Feb. Feb. 90c Feb. 75c Sale 58 34 2.00 1 1.50 90c 6 34 6 34 534 6 130 West Coast Life Ins Co cap..5 20 RANGE NN 200 Texas Corp common 25 3,893 United Aircraft Corp cap—5 180 United Corp of Del common * 3.075 U S Petroleum Co capital... 1 •_.* 10,681 U S Steel Corp common 1,623 Feb. Ask 634 734 734 Sale Superior Portland Cement Class A preferred 25 ..* " IN FEBRUARY Jan. 3 Jan. 1 February * PRICES Price Since In 634 4 Sale 5 44 44 34 Jan. 85c 58 80c Feb. 90c 1.50 5 3 Feb. 1 34 Feb. 28 Feb. 23 534 Feb. 23 434 Feb. 15 6 27 12 4434 Jan. 6334 Sale 34 Sale 534 Sale 20 13 34 Feb. 35 4434 Jan. 20 1334 Feb. 27 47 Jan. 18 Jan. 24 3 34 Feb. 7Cc Jan. 28 19 75c 5534 Jan. 34 Feb. 26 28 6934 Jan. * 4 34 Feb. 28 23 25 28 21 28 28 4234 Feb. 25 3 34 Feb. 28 Jan. 20 90c Feb. 23 1 534 Feb. 27 5 Jan. 26 534 Feb. 27 434 Feb. 434 Feb. 15 5 15 Jan. 31 Jan 13 Angeles Stock Exch. MONTHLY AND YEARLY RECORD i'.-s <V4« J>» It:.'f -» r. . v] u*..j c. .»■ . f" » i • 4 *. " RANGE OF PRICES ON THE LOS ANGELES STOCK EXCHANGE Stock Sales 1939 February Shares. Jan. 1 to Feb. 28 AGGREGATE SALES In LOS ANGELES STOCK EXCHANGE Jan. Shares 1 Par 2,200 Amoc Gas & El A 33,884 Bandlnl Petroleum Co ~3~, 23 5 200 Barker Bros T.766 00 845 1,590 1,089 4,021 Chrysler Corp 3,187 Consolidated Oil Corp 1,510 Consolidated Steel com 2,828 Preferred 450 1,088 301 908 Creameries of America 336 ' ■ ( 783 3,328 3,250 12,195 22 5 1 65c A Motors Corp......10 common.. ._* 1.400 2,620 Intercoast Pet Corp 5 * ....... Jade OH Co 1 Lincoln Petroleum Corp 1 Lockheed Aircraft Corp 1 L A Industries Inc.........2 L A Investment Co 10 Mascot Oil Cj 986 200 1,333 38 78 324 150 970 3.500 3,358 100 1,419 38.420 60.741 860 169 2.000 1.152 268 9 37 3934 90c 7 37 34 42 1 1.10 Sale Sale 80 434 7234 7334 1034 1034 7h Sale 5734c 60c 1st pref 4% ..........25 534% 1st preferred......25 $6 preferred First preferred 28 34 3 1 34 2834 2734 4334 108 * Petr Co Ltd Preferred 10 .....50 2034 334 35 18c A 4 0c 50c 65. 634 20c 12 1034 2 9 34 3 2 34 2934 Sale 134 2034 634 3 2234 7c 33 234 434 734 134 12c 34 Sale 434 Sale 11c 8c 18c 75c 20c Sale 634 75c 6 6 Feb. 16 28 Sale Sale 2134 Sale 40 30c 27c Sale 2834 2934 36 Sale 2834 30 2834 Sale 6c Sale 5c 3 1 34 10 Sale 9 234 334 634 6c 29 Sale 834 2334 Sale Sale 43 2934 2734 44 Sale 2734 25c 26c 9 Sale 234 234 434 Sale 4 634 "37"" "3734 2734 4c 6 30 6c 2934 Sale 934 Sale 2634 Sale 4234 44 2834 2934 2734 2734 6 27 8 Jan. 14 12 2c Jan. 12 Feb. 14 1634 Feb. 9 7 17 Jan. 20 1734 Jan. 19 26 28 16 80 28 Feb. 28 834 534 934 434 703A 1034 Feb. Feb. 28 6734 Jan. 834 Jan. 6 8 65c 28 Feb. 28 Feb. 28 Feb. 9 Feb. 21 Feb. 1 Feb. 1 8 Feb. Feb. Feb. Feb. Feb. 23 Feb. 16 234 Feb. 9 234 Feb. 9 Feb. 2 7 Feb. 2 134 Feb. 14 7 10c Feb. Feb. Feb. 15 80 10 7 17 4 5 Feb. 8 Jan. 24 334 Feb. 6334 Jan. 24 934 Jan. 734 Feb. 24 16 17 5734cFeb. 21 360 Jan. Feb. Jan. Jan. 11 834 Feb. 3034 Jan. 23 26 42 Feb. 10 39 Jan. 12 42 1.35 Feb. 2 1 Jan. 4c Feb. Feb. _ 27 4 Jan. 6 Jan. 7 Jan. Jan. 10 Feb. 23 Jan. 31 __ Feb. 10 Jan. 20 234 2234 634 134 Feb. 29 Jan. 23 Jan. 26 Jan. 26 34 Jan. 12 2234 Jan. 834 Jan. 234 Jan. 23 5 15 36c Jan. 4 41c 16 1 3c Jan. 10 4c 9c Jan. 26 12c 26 Jan. 2 34 Feb. 24 3434 Feb. 24 234 Jan. 7 434 Feb. 16 134 Feb. 14 37c 4 _ Feb. 7 Feb. 7 Feb. 23 Feb. 17 5 6 934 Jan. 6 4 634 Jan. 3 934 Jan. 434 Jan. 12 3 7734 Jan. 1034 Feb. 21 1034 Jan. 4 6734cJan. 20 4 385 4334 Jan. 23 7 34 Jan. 6 734 Feb. 10 Feb. 1734 Jan. 834 534 834 3334 1 15 4 Feb. 75c 5034 734 934 534 834 3334 15 7 2834 Feb. 234 Feb. 21 1 434 Feb. Feb. 4934 Feb. 28 Feb. 15 10c 36 ?4 Feb. 24 234 Feb. 28 5 1.40 21 2 Jan. 5 Feb. Jan. 1 18 434 Feb. 16 Feb. 1 434 Feb. 1 4c Feb. 15 4c Feb. 15 4c Feb. 15 1 50c Feb. 1 50c Jan. 11 55c Jan. 23 8c Feb. 23 8c Feb. 23 10c Jan. 11 3 18c 50c Jan. 4 20c Jan. 7 7734cFeb. 3 70c Feb. 20 85c Jan. 17 6 34 Jan. 25c Feb. 5 Feb. 1 334 Feb. 8 4c Feb. 15 50c 8c Feb. Feb. 70c Feb. 20 50c 634 30c Feb. Jan. 1 25c Feb. 7 30c 1134 1134 Sale 1034 Feb. 20 1134 1034 934 1034 1034 Feb. 1 1034 29 2934 33 34 2934 Feb. 10 3134 3 1 34 3 2 34 3134 3234 3234 Feb. 2 3234 2834 2934 2834 2934 2734 2834 3334 35 28 Feb. 32 .4234.; 4334 4734 47 ^4834 4434 Feb. 10734 10834 106 108 107 10734 Feb. 2034 2134 2134 21 21 Feb. 2134 3 3 334 3 Feb. 334 334 3534 3534 3534 Feb. 3534 * Sale 43 29 20c Feb. 234 Jan. 634 Feb. 15 1034 934 934 334 Sale Sale 6234 c " 434 90c 21c Sale 3 34 Sale 3 0 34 834 2434 4234 2834 zo?4 2734 50c 55c 12c 9 Original preferred......25 6% preferred ........25 &H% preferred. 25 page 434 Sale 234 334 734 .......* 6 Feb. 4 380 12c 25c Sale Ltd com...25 Feb. Feb. 7c 2934 3034 234 Sale 434 Sale 60c .... 23 Feb. 4c 1 Go ' 385 399 399 380 4934 49 J4 Sale 4734 7 834 834 8 834 734 9 734 534 5 34 534 534 534 634 7 34 634 834 834 3134 3234 3434 3434 3334 3834 4034 4034 42 4034 1.30 Sale 1.25 Sale 1.15 4934 634 25c 10 Feb. 9 734 Feb. 24 5734cFeb. 21 380 80c 1134 10 37c * 2 11 834 Feb. 20 334 Feb. 16 9 7034 Feb. 8c 22c 1 Feb. 14 40c 17c 234 Feb. 30 3 16 16 2c 10c 7 Jan. 1634 Feb. Feb. 5 Feb. 75c" 7 834 Feb. 11 19 Jan. 30c Jan. 9 5 Sale Sale Sale 30c Sale Feb. 73 14 Jan. 5 2c 15 Feb. 1634 Feb. 1534 Feb. 1 534 Jan. 13 23 7 6 3 15c 75c Feb. 28 26 6234cFeb. 75c 634 Feb. 27 Jan. 334 Jan. 1034 Jan. 7 70c 8c < 1 7 30c 45c 11c Feb. Feb. Feb. 7 2c 3434 Sale Feb. 30c 6234cFeb. 23 234 Feb. 16 40c 7734c 80c 634 7 34 1 75c 17 534 934 75c .... 5 06c 834 234 1 common. 1® Preferred series C ......10 Pac Gas At Elec Co com....25 434 Feb. 834' Sale 50c 5 Highest Sale Prices 40c 36c 3c 534 Lowest Sale Prices 2334 734 2 24 10c Highest Sale Prices 2234 634 134 2134 734 134 3334 234 334 8 65c 2 60c Sale 750 Sontag Drug Stores see 6 834 6 9 434 7034 10 Sale 19,525 So Calif Edison For footnotes Sale 8 10 Sale 50c 8c 19c 1,552 Signal Oil-Gas 8.999 370 834 534 834 3 34 6934 934 16 Sale 48c Ming At Dev..] 372 Security Co units........... 26,000 Sierra Trading Corp......25c 6,141 16 1734 Mt Diablo 011 89,566 Rights 1,353 Safeway Stores Inc 3,073 17 14 5c 75,980 Ryan Aeronautical ~2",401 9 634 Sale 434 7734 103* 1034 70c 534 634 ..... 31 1534 1634 17 3c 5,500 Rice Ranch Oil Co ......1 32,748 Richfield Oil Corp common.* 6,242 Warrants 3,679 Robert Public Markets.....* 750 1U90 1 534 1 Lowest 5c 5c 7,460 Republic 28 2c 4c 4,430 Pacific Indemnity Co......10 -2,701 Pac Lighting Corp com.....* • 5c 05c 3,324 Pac Finance Corp 2,909 2c 03c 2,366 1.667 370 7 Menasco Mfg Co .........1 Mid-Western Oil Co 2",206 120 75c Sale 134 734 50c 11,500 Nor don Corp 3,300 Occidental Pet Corp 5,250 Oceanic Oil Co 100 4c 234 1 690 Pacific Clay Products 2,950 Pacific Distillers Inc. "3",420 4934 634 ....* 265 Holly OH Co 300 Honolulu Oil Corp 684 Hudson Motor Car Co.. 962 Hupp Motor Car Co 2,900 8,000 12,700 11,811 10,659 3,933 1,700 56,525 3,000 ~ 360 30c SINCE JAN. Sale Prices 1034 12c 73 Exeter A7/* 5234c 60c 234 Sale 50c 134 634 734 Sale 134 834 RANGE 1 A* 10 75c 82 4 6234c 25c 81 * 1134 5c 1434 1534 1534 t c. * 1 Sale Ask 65c 1734 1634 834 534 9 >3 Feb. 28 75c 18 * 1 IN FEBRUARY 25c 15 4 Co 5 1034 1938 Jan. 1 to Feb. 28__. Ask Bid 6234c 17 Electrical Products Corp Emsco Derr Ac Equip Co Oil Feb. Bid 1634 * 3,128 Goodyear T Ac R Akron com.* 4,494 Hancock OH Co A » 59,490 Holly Development Co 1 1,000 2,600 3,498 3,543 2,263 1,000 18,645 3,000 ... 5 1234 2c 7634 934 934 900 Golden State Co 362 1,000 50c 7 1,815 Gladding McBean Ac Co * 1,994 Globe Grain Ac Milling Co..25 """485 TJoo 234 1 102 Farmers Ac Merch Nat Bk.100 100 100 v 5c 57 34 c * 7,491 General 900 976 134 Sale 334 1134 Douglas Aircraft Corp 150 General Paint 2,010 9,440 * 382 Byron Jackson Co ....' 654 California Packing Corp * 923 Central Investment Corp.100 195 383 439 1 1,530 Broadway Dept Store com 1,100 Buckeye Union Oil com """225 """525 1 1 common 1 850 Berkey & Gay Furn Co 1 1,860 Bolsa Cbica OH Corp A 10 100 B common ........10 1,000 2.991 Ask 1,900 Barnhart-Morrow Cons 300 2,440 1,410 5,860 Bid 1939 February PRICES STOCKS Shares Bond Sales 289,295 835,598 Price Jan. 3 1939 Since February * 1938 373,483 1,018,622 25c Feb. 16 Feb. 28 Feb. 1 Feb. 23 Feb. 2 Feb. 23 Feb. 27 Feb. 2 Feb. 2 Feb. 9 Feb. Feb. 334 Jan. 50c 5 Jan. 20 354 Feb. 8 7 20 4 734 Jan. 30c Feb. 19 16 „ 1034 9 34 2834 3134 2934 2734 Jan. 28 1234 Jan. Jan. 24 10 34 Feb. Jan. Jan. Jan. Jan. 28 30 20 26 3134 Feb. 23 32 34 Jan. 5 2934 Jan. 20 43 Jan. 13 10734 Feb. 32 6 1 Feb. 23 4734 Feb. 2 10834 Jan. 27 __ 19 Jan. 24 26 24 3534 Feb. 24 36 Jan. 23 11 25c 12 39c Jan. 21 1034 3 34 4 34 734 Jan. Jan. Feb. Jan. 17 18 23 70c Jan. 31 39 Feb. 6 2834 Jan. 6 28c Feb. 2834 Feb. 834 Feb. 2334 Feb. 5c 934 Feb. 28 2634 Feb. 28 2834 Feb. 21 2734 Feb. 9 2934 Feb. 2934 Feb. 2 934 Feb. 234 Feb. 17 Feb. 23 734 Feb. 16 21 Jan. 834 Jan. 24 Jan. 5 334 Jan. 534 Feb. 2 34 65c Feb. 1 37c 39 Feb. 6 2934 Jan. 2834 Feb. 1 26 Feb. 11 Feb. 16 Feb. 2 2 Jan. 24 5c Jan. 2734 Jan. 834 Feb. 10 26 23 Jan. 25 42 32 Jan. 554 Jan. 2 34 Jan. Feb. 834 Feb. 234 Feb. 334 Feb. 534 Feb. 37c Feb. 36 Feb. 27 Feb. 5c 50c Jan. 11 2834 Jan. 2734 Jan. 4 1 3 21 Jan. 334 Jan. 6c Jan. 24 6 3 3 5 3234 Jan. 934 Feb. 28 2634 Feb. 28 43 Jan. 19 2934 Feb. 2734 Jan. 6 2 March, 1939] February Shares STOCKS Jan. 1 1,952 4,574 4,085 150 974 6,298 805 380 800 200 975 Cons ChoUar G & S Co 2,000 185 439 920 485 2,570 795 2,634 270 2.100 200 660 1,192 853 557 379 721 927 2,168 5,438 1,246 243 305 365 . 1,236 3.365 545 1 37.000 Imperial Development Co.25c 3,100 Tom Reed Gold Mines Co...l 1 4,000 Zends Gold Mining Co UNLISTED 435 1,646 1,068 4,724 & Refg Co 540 Anaconda Copper Mining..50 2,329 3,125 Armour & Co 5 (111).. Bendlx Aviation. 5 Columbia Gas & Elec Corp.* 3,715 1,622 Commercial 3,314 Com'wealth 5c Southern....* Solvents.......* 585 Continental Oil Co (Del) 6,572 Curtis*- Wright Corp Electric Power & Light Corp. General Electric Co........* General Foods Corp Goodrich (B * 1.114 International Nickel Co 9% 5%c Sale .1% 2% lc l%c 10c 15c Packard Motor Car Co Feb. 6 8% Feb. 11 3% Feb. 27 3% Feb. 28 14 9% 9% 22%c 25c l%c Sale 6c 1% lc 10c 2% 2c 10c 9% 9% 20%c 23c 2%c 7c 8c 10c 1% 2% l%c Sale 9% Feb. 15 20%cFeb. 23 Highest 32% 18% 28% 2% 42% Feb. 3 Feb. 28 Feb. 3 Feb. 21 Feb. 28 6% Feb. 1 Feb. Feb. 28 15 8% Feb. 13 Feb. 2 19 15 4 3% Feb. 28 Jan. 32% 15% 27 2% Feb. 17 Jan. 26 Jan. Jan. 39% Feb. 8% Jan. 6% Feb. 18% Jan. 3 26 13% Jan. 25 9 ' 4 20 26 28 Jan. 20 8k 3% Feb. 27 3% Feb. 28 Sale Prices 32% Jan. 20 33 Jan. 18 4 21% Jan. 28% Jan. 2% Jan. 25 Jan. 3 8% Jan. 7% Jan. 9% Jan. 10 43 5 4 5 15% Jan. 8% Feb. 14 3 5 Jan. 4 3% Jan. 9 9c lc Feb. Feb. 9 10 Feb. 27 9c Feb. 10 10 10 10 Jan. 30c Jan. 5c Jan. 10c Jan. 6 2% Jan. 9% Feb. 20%cFeb. 16 3c 17% 51% 18% 14% 28% 33 A 34% 6A 15% 29 5% 7% 25% 43% 7% 11% 1% 27% 7% 16% 30% 5% 7% 26% 49% 17% 31% Sale Sale 27% 50% 8% 13% 2 26% 6% Sale Sale 41 % 41% 22% 53% 9% 52% 15% 28% 5% 7% 28% 44% 7% Feb. Feb. Feb. Feb. Feb. Feb. Feb. 15 23 28 28 24 7 20 12 Feb. 8 1% 26% 6% 11% 11% Feb. 3 Feb. 14 Feb. 7 Feb. 27 Feb. 2 41 Feb. Jan. Jan. Jan. lc 2c Jan. 6 10c 4c Jan. Jan. 20 18% 53% 36% 5% 29% 47% .8% 12% 2% 30% 7% 12% 12% Jan. Jan. Jan. Jan. Feb. Jan. Feb. Feb. Feb. Jan. Jan. Jan. Jan. 9c Feb. 24 9c 3c Feb. 23 3c Feb. 15% 30% 5% 7% 29% 44% 8% 12% 9c 4c 5% 28% 7% 11% 1% 30% 7% 10% 11 43 39 19 Sale 47 Sale 11% 1% 31% Sale 11% 11% 43% 39% 24% 55% 9% 50% 22% Sale Paramount Pictures Inc..... 13% 850 Southern Ry........... Standard Brands Inc...... 894 Standard OH Co (N J) 3.500 Studebaker Corp 25 25 611 Tide Water Assoc Oil Co..10 1,089 Unio« Carbide & Carbon 821 1,613 United Aircraft Corp 300 1.100 United Corp (Del) 5.096 U 8 Steel Corp * ... • .......100 Picture* i Removed Sept. 8. 7% 23% 21% 6% 51% 7% 13% 89% 39% 3 67% 6% 4% Sale 8 24% 22% 7% 52% 7% 14% 90% 40% 3% 68% 6% 5 7 24% 42% 7 11% 1% 26% 6% 10 10% 38% 38% 20% 50% 10% 11 39% 38% 21% 50% 41% 40% 22%. 52% 8% 47% 48% 17% 18% 17% Sale 23% 24% 8% 9% 3% 4% 10% 11% 6% 7% 20 20% 17% 18% 6% 7 49 49% 7% Sale 12% 13% 82% 83% 38 38% 3 3% 58 Sale 5% Sale 8 8 12% 1% 26% 6% 12% 11% 9 51% 20 Sale 18% Sale Sale 9% 4% 11% Sale 21% 21% 7% 48% 7% 13% Sale 26% 8% 3% 10% 7% 20% 20% 6% 48% 7% 12% 84% 39%, 40% 3% 65% 5% 3% Sale 6 3 lc 7c Jan. Feb. l%c Feb. 24 15c 8c 4c 11 Feb. 24 Feb. 23 Feb. 2%c 9c 9% Feb. 15 Feb. 2 25c 2 lc 4c 4% 6% Feb. 20 18% Feb. 2 2%c * 2,820 Radio Corp of America.....* ... 8,418 Republic Steel Corp No par value, Feb. 17 Feb. 20 Feb. 1 Feb. 21 Feb. 9 5c 3c "9% '"9% 502 Ohio Oil Co Bros 10% 23 %c 25c 5c Sale 9% 50 21% 470 * Sale 8% 8% 4 3% 3% Sale 4 54% Warner 15 8% Sale 32% 16% 27% 2% 39% 9% Sale Sale • 2,340 a2*H Sale 19HSale Sale 1,392 International Tel & Tel....* 3,101 Montgomery Ward 5c Co....* ♦ 6,708 N Y Central RR 1 11,194 No Amer Aviation Inc 2,486 North American Co........* 285 2,032 1,060 427% 8% Sale 23% F) Co 2,184 280 5 1 850 Electric Bond 5c Share......5 1,426 1,378 2 2 % 46 928 Caterpillar Tractor 1,465 2,849 1,198 2,037 Lowest Sale Prices STOCKS— Amer Rad & Stand San.....* Am Smelting 788 1,490 11 STOCKS— 505 Alaska Juneau Gold M ColOc 41,500 Black Mammoth Cons M ColOc 87,700 Calumet Gold Mines Co..10c 1 22,680 Cardinal Gold Mining Co 2.000 18% 28% Sale Sale .... 195 16"666 Highest Sale Prices 32 32% Sale Sale 1 600 Yosemlte Portl Cement pref10 13,000 45,000 2,500 32 Sale * 5,490 Wellington Oil Co Ask 32 ~32~" 45,527 Transamerica Corp...... * .25 22,028 Union Oil of Calif 1,960 Universal Cons OH Co....10 630 Van de Kamps Bakeries Lowest Sale Prices Feb. 28 Bid 25 3,482 So Calif Gas A 6% pref...25 10* 14,199 Southern Pacific Co • 13,528 Standard Oil of Calif 250 Sunray OH Corp 1 3,179 Superior OH Co common...25 MINING 1 Ask 100 Taylor Milling Corp........* 16",932 Feb. 1939 Par Shares 443 So Calif Gas 6% pref " RANGE SINCE JAN. Price Jan. 3 Since In 65 EXCHANGE PRICES IN FEBRUARY LOS ANGELES STOCK EXCHANGE AGGREGATE SALES STOCK ANGELES LOS 24 40% Feb. 11 22 51 Feb. 25 Feb. 15 8% Feb. 21 49 Feb. 3 Feb. Feb. Feb. Feb. Feb. Feb. Feb. Feb. 15 25 28 17 24 7 6 14 6 2% Feb. 26% Feb. 14 6 7% Feb. 12% Feb. 28 6 11% Feb. 42 Feb. 25 40% Feb. 11 22 Feb. 25 51 Feb. 15 9% Feb. 28 49% Feb. 3 19 Feb. Feb. 26% 8% 4% 11% 7% Feb. 28 Feb. 24 Feb. 2 Feb. 4 Feb. 28 20% Feb. 23 20% Feb. 27 6% Feb. 2 22 Feb. 7 Feb. 50 Feb. 3 50 Feb. 3 7 Feb. 21 7% Feb. 12% Feb. 16 17% Feb. 20 17% Feb. 1 26 Feb. 24 8% Feb. 24 4% Feb. 2 11% Feb. 4 7 12% 84% 38% 3% Feb. 15 Feb. 6 Feb. 28 Feb. 14 Feb. 6 58 Feb. 1 5 Feb. 21 20 28 16 24 20% Feb. 27 9 6 84% Feb. 28 41% Feb! 24 3% Feb. 6 64% Feb. 28 5% Feb. 24 15% Feb. 15 42 Jan. 26 26 Jan. 26 5% Feb. 28 23% Jan. 26 42% Jan. 30 6% Jan. 11 Jan. 16 12 1% Jan. 26% Feb. 5 14 5% Jan. 24 11 Jan. 11 10% 37% 37% 18% 55% Jan. 24 Jan. 26 42 Feb. Jan. 26 Jan. 26 Jan. 6 8% 46% 17% 14% 22% 8% Jan. J an. 26 25 Jan. 27 Jan. 24 40% 24% 55% 9% 49% 22% 19% 26% Feb. Jan. Jan. Feb. Feb. Jan. Jan. Feb. Jan. Jan. 4 Feb. 24 10 Jan. 26 11% Feb. 4 4% Jan. 13% Jan. 4 7 18% 20% 6% 50% 7% 12% Jan. 24 8 Jan. Jan. 26 25 Jan. Feb. 27 20% Feb. Jan. 24 Jan. 17 Feb. 10 Feb. 6 84% Feb. 28 38% Feb. 14 7 50% 8% 12% 84% Feb. Jan. Jan. Feb. Feb. Jan. 31 41% Feb. 3% Feb. Jan. 30 69 5% Feb. 9 si* Jan. 6% Jan. 17 THE CLEVELAND STOCK EXCHANGE RANGE OF PRICES ON Stock Sales February Shares» • 70,467 AGGREGATE SALES CLEVELAND STOCK EXCHANGE February Bid 458 Air-Way El Appl lat 7% pf 1M 126 Akron Brass Mf:, common * 300 Amer Coach Ac Body........5 550 Apex Electric A Mfg 8 i§* 3,966 {Brewing Corp of America..3 6'A 78 110 1,146 54 Caafield Oil 54 815 * 71 Clark Controller new......l 282 Cleveland Builders Realty..* 66 1,189 1,626 Cleveland Cliffs Iron pref • 36 Clev El 111 $4.50 cum pre*....* 5 1,090 4,059 2,923 Cleveland Rye 12,395 Cliffs Corporation v t c 103 Commercial Bookbinding * 156 Dow Chemical 5% pre!.. .100 31 com 75 Elec Controller A Mfg.. 10 21 Preferred 165 20 60 "75" 118 23 94 110 20 1,774 3,761 206 164 206 27 National Refining New common 25 4 53* 36}* 39 31 34 20 21 ISM 25 06 prior preferred Preferred.. • 109 Ohio Brass B .......* 126 Packer Corp * 475 Patterson-Sargent. ...I....* ' 10,282 Richman Bros ...» 3,006 Seiberling Rubber pref....* Stouffer Corp— ... 50 100 "lYx 35 _ — . 1624 1724 14 15 4}* 11 1224 33 15 5 15}* 17 Sale 19 2M 75 17}* 20 Class A 02.25 cum pref 4}4 12* H ,29 }4 24 28 Union Metals Mfg Co.......* 778 Upeon-Walten 1 ..... 4 195 Vlchek Tool............._.* 5 100 200 Warren Ref A Chem com....2 320 WRI Corp pref HI 60 1}* No par value, a In liquidation, b First payment t Name changed; formerly Peerless Corp. 93* Feb. 28 7}* Feb. 27 834 Feb. 8 Jan. 3 7 Feb. 25 8 Jan. 7 27 18 Feb. 25 7 Feb. 25 8 Feb. 7 8 22}* 13 1 122* Jan. 62* Jan. 2 42 2 42 Feb. 2 42 Feb. 2 10 Feb. 3 10}* Feb. 28 10 Jan. 3 10}* Feb. 28 18 Feb. 2 18 Feb. 2 18 Feb. 2 18 56}* Feb. 1 60 Feb. 6 2224 Feb. 11 21}* 183* 11}4 113* Feb. 25 Feb. 1 Feb. 1 Feb6 Feb. Feb. 60 19 153* Feb. 234 Feb. 52* 73* Feb. Feb. 195* Feb. 28 11M Feb. 11}* Feb. 9 116 14 60 16 15 1 6 Feb. 9 Feb. 14 15}* Feb. 16 234 Feb. 15 Feb. 2 13 224 Jan. 60 Jan. 1 19 113 }*J an. 20 Jan. 13 232* Jan. 17 Jan. 27 22}4 Jna. 12 Jan. 1124 Feb. 1 13 Jan. 113* Feb. 6 116 Feb. 9 118}* Jan. 13 31 4 Feb. 14 70 Jan. 14 153* Jan. 2}4 Feb. 12 15 16 Jan. 234 Jan. 563* Feb. 11324 Jan. 60 Sale 1 H o Feb. 27 24 20 Jan. 10 34 20 42}4 Jan. 11 42}4 Jan. 32 Jan. 19 33 Jan. 19 14 Jan. 26 15 Jan. 24 39 100 Jan. 23 403* Jan. 19 3424 40 40 32 40 101 Jh ""524 35* 10}* 34 Feb. Feb. 27 7 34 32 Feb. Feb. 27 7 15}* i!K 17 15 31 15 M Feb. Feb. 9 40 8 101 45* Feb. 15 35}* Feb. 14 Feb. Feb. 9 8 424 Feb. 15 Feb. 28 33 383* 6 1734 Feb. 133* Feb. 24 324 Feb. 23 20 60 34}* 1734 224 75 20 21 2M 8 112* 58 30}* 29 21 22 3}* 93* 33* 35* 42* Sale 5 7 i}* 2 69 endorsed, ----- 2524 10 Sale 13}* a Jan. 4}4 Jan. Jan. 60 c 4 Sale Feb. 7 31 Feb. 11 15 Feb. 7 2}4 Feb. 16 Feb. Feb. 21 8 934 Feb. 10 60 20 50 Feb. 11 4 Feb. 3 42}* 43 Feb. 74 65 I6/* % 13* Feb. 28 10 1 1524 Jan. 27 133* Feb. 24 324 Jan. 30 20 Feb. Feb. 12 Feb. 1 11 Feb. 7 14 333* Feb. 7 31 Feb. Feb. 25 15 Jan. 30 16 2}4 Feb. 60 Feb. 16 5 4 Jan. 8 21 11 4 17 Jan. 16}* Jan. 7 Jan. 13 60 Feb. 21 21 Jan. 6 93* Jan. 18 23 51 Jan. 9 55* Jan. 52* Feb. 4 48 Feb. 43 Feb. 4 48 Feb. Feb. 4 65 Feb. 65 Jan. 17 75 Jan. 15* Feb. 5* Feb. 1 18 Feb. 15 124 Feb. }* Feb. 12* Jan. 23 5* Feb. 18 30 2534 9}* 5 7 7 10 53* Feb. 28 12 Jan. Feb. Feb. 143* Jan. 42* Jan. 23 924 Feb. 50 8 14}* Jan. 20 8 11 Feb. 11 36 2}4 Feb. 11 10 10 11 Feb. Feb. 27 23 60 Feb. Feb. Jan. Jan. 21 9}4 Feb. 20 50 15 20 424 Feb. 15 383* Feb. 28 4 30 22 9 143* Jan. 11 40 }* 58 Sale 10 101 26 14 17 35 1 7 66 34}* 18}4 Sale 50 19 Jan. Sale 15* Sale 14 11 95 34 14 70 Sale 4 20 2 24 Feb. Jan. 14 100 20 4 6 27 8 23 31 3 70 18 3 9 Feb. 3 15 16 Jan. 72* Feb. 824 Feb. 132* Jan. 72* Jan. 7}4 Feb. 153* 2 8 42* Jan. 33 Van Dora iron Wka Co com.* Highest Sale Prices 116 58 57 160 * 8 Sale \M 10 M 4}* Sale 233* 11}* 2M 50 25 Lowest Sale Prices 42 75 14 M 60 20 1324 333* 705 Iroxel Manufacturing......1 Highest Sale Prices 5 34 1,915 1224 323* 25}* 9 14 Sale 1,017 Thompson Products Inc com* i!K Sale 37 Sale 7}* 13 }4 34}* 485 8 373* 12 36 75 "6"}* Sale 3}4 * 28 9}4 35}* 153* 12}* 40 29}* 101}* 4 WA 25 355 200 424 35}4 16}4 13 M 2}* 60 * 100 765 Nestle LeMur "Art..........* 35 Nineteen Hundred Corp A..* "84 1 Lowest 11534 116 66 38 50 * 1,963 National Tile RANGE SINCE JAN. Sale Prices 60 "1524 16 51 629 Medusa Portland Cement...* 320 Metropolitan Paving Brick..* Preferred 23 100 214 Monarch Machine Tool Co..* 265 Murray Ohio Mfg...........* 80 Myers (F E) & Bros Co com..* 323 741 « 120 38}* 30 McKay Machine...........* 571 McKee (Arthur G) B * 2 13 12}* 383* """250 6,045 808 116}* 10 115 60 20 304 mm 17 13 Lamson Sessions...........* 404 Leland Electric • «■ 14 30~" 1,987 103* 173* Sale 59}* Sale 56}* Sale 1072* 115 107}* 115 22 2124 Sale 223* 19}* Sale 18}* Sale 11}* 102* 11}* Sale 33 567 10}* 18 27}* 448 508 765 Sale 3 7}* Ask 43 3 "21" ....100 520 Interlake S3......... * 865 Jaeger Machine............* 1,241 Kelly Island L A T * ~2,929 92* 107 H 12 12 Sale 50 496 Preferred .........50 53 Hanna (M A) 05 pref........* 75 Harbauer 10 511 3 61 93* 14 7}* 245 Grelf Bros Cooperage......* 75 Halle B octters............ 5 25 147 8 2 57 15}* 2,112 Goodyear Tire Sc Rub com..* 100 Great Lakes Towing 100 1 7 9 14 63 20 Postorta Pressed Steel......* 115 General Tire preferred 100 8 9 13 J* Jk* 8 62* 20 * 20 6 7 9 10 16 "io" * 165 Faultless Rubber Co ""782 Sale 1 60 com TN FEBRUARY Feb. 28 1 Ask Bid 30 • 190 Colonial Finance Co 50 Bid 50 Sale 100 45 Ask 6 100 common 1,576 City Ice A Fuel 50 Feb. 1939 Par 200 Jan. 1 to Feb. 28— PRICES STOCKS Jan. 1 Shares Shares 1938 Price Jan. 3 Since In 1939 February 25,319 56,349 28,675 Jan. 1 to Feb. 28 Bond Sales 1938 1939 ' Jan. 22 124 Jan. J* Feb. 22 Feb. 15 15 11 30 Jan. Feb. 15 26 Jan. 6 8}* Jan. 133* Jan. 22 20 83* Jan. 1424 Jan. 20 23 11 133* 31}* Sale 30 Feb. 17 3324 Feb. 6 30 Feb. 17 35 Jan. 17 Sale 66 Sale 57 Feb. 1 70 Feb. 11 50 Jan. 3 70 Feb. 11 35 27 33 35 35 Feb. 8 35 Feb. 8 34 Feb. 8 27}* 272* Feb. 24 272* Feb. 24 21 20 26 35 26}* Jan. Jan. 16 333* 4 13}* 42* Sale 7 2 70 33* 10}* 8 3* 3}* 4 13* 60 4 13}* 43* 3}* Feb. 6 10}* Feb. 18 Feb. 4 4 4 33* Feb. 25 5 5 2 13* Feb. 23 70 Second payment endorsed, Feb. 6 Feb. 6 10}* Feb. 18 Feb. 4 4 4 4 32* Jan. 24 103* Feb. 18 4 35* Feb. 1 5 2* Feb. 25 13* Feb. 23 Jan. 26 33* Feb. 25 5 Feb. 6 13* Feb. 23 66 d Third payment endorsed. Jan. 5 272* Feb. 24 424 Jan. 3 103* Feb. 18 42* Jan. 10 42* Jan. 5 52* Feb. 25 15* Jan. 9 67}* Jan. 7 t In the earlier part of this publication complete records of the dealings the country, for the latest month and for the calendar General Quotations we combine in one comprehensive only those dealt in index to date, year to are the leading stock exchanges of furnished. In this department of whole, securities of all classes and descriptions, not the exchanges, but also leading unlisted and inactive securities. on the different classes of securities 83 Joint Stock Land Bank Securities Federal Land Bank Bonds............... 91 Mining Stocks.......................... 84 Industrial Bonds..................... 81 Industrial Stocks....................... 84 ......111 Municipal Bonds-—Domestic............. 91 Canadian 93 ......................... Public Insurance Stocks....................... 99 Utility Bonds.................... 73 Public Utility Stocks.................... 78 Investing Companies Securities.......... 72 Railroad Bonds......................... Quotations for all securities are as near as Page Page Page Foreign Government Bonds.............. 92 The following is an quoted: —————— Exchange Seats. on 87 Railroad Stocks......................... 71 Real Estate Bonds......................112 Real Estate Trust and Land Stocks....... 84 Textile Stocks........................... 84 Title Guarantee and Safe Deposit Stocks. 84 United States Government Securities..... 91 United States Territorial Bonds.......... 91 possible for the dosing day of (he month preceding the date of issue. The letter "f* prefixed to bond prices denotes that the quotation Is a flat price—that Is, that the accrued interest forms part of the price, and therefore the purchaser does not have to provide for it separately in making payment. In the case of income bonds and bonds in default, the price Is always "flat," and no designating mark Is employed to Indicate the fact. Quotations for equipment bonds are based on average maturities. Quotations for guaranteed stocks are "and dividend" that is the accrued dividend must be paid In addition to the price. It should be borne In mind In the use of these tables that the quotations for many Inactive cases the figures are obtained from sources which are and unlisted securities are merely nominal, but In all considered reliable. The following abbreviations are often used, vis.: "M" for mortgage, "g" for gold, "gu" for guaranteed, "end" for endorsed, "cons" for consoli¬ dated. "conv" for convertible, "s f" for sinking fund, "1 g" for land grant, "op" for optional. The black-faced type in the letters showing the Interest period Indicates the month when the bonds mature. NOTICE—All bond prices are "and interest** except wbere marked "f" and income and defaulted bonds. Bonds Bid RAILROAD BONDS Aberdeen AAsheboro 1st fis'40 JAJ Adirondack 1st 4%s 1942 gu MAS Akron A Barb Belt g 4s 1942. JAD Akron Canton A Youngs town— Gen A ref 6s 1946 series A.AAO 4*fc 25 60 32 65 99 1945 ser B.AAO 34 31 33 107 % 105 1st cons 4s 1943 ser B.....JAD Alabama Tennessee A NorthernPrior lien 6s 1948........JAJ Gen Income 6s Oct 1948...JAJ 1% Alabama A Vicksburg By—__ 77 1st M g 6s 1974 rice A..MAN 74 Albany A Susq 3%s g 1946—AAO Alleghany Corp— • Ooll tr conv 6s 1944......FAA Coll A conv 6s 1949—----JAD Ooll A conv 6s 1950——AAO f 6s stamped 1950——AAO 34"" Allegheny Valgen 4s 1942 MAS 105% Allegheny A Western— 1st mtge guar 4s 1998—AAO 48 American Refrig Transit— 3.00 Equip 5 %■ series E 1939—MAN 4.00 Equip 6s ser F, G A H, *41-'45 Ann Arbor 1st g is 1995—-Q-J 39 .8* 95 % 105% 10 80 76 82 70 44 34% 107 2.00% 97 1995 AAO Adjustment 4s July 11995 Nov Stamped —MAN Conv g 4s of '09 due 1955. JAD Conv g 4s '05 due 1955—JAD Conv g 4s of '10 due 1960.JAD Conv deb 4%s 1948 JAD Trans S L 1st g 4s 1958...JA Oal-Aris lstAref4%s'62 opMAS Roricy Mt Div 4s 1965... AJ Athens Term Ry 1st g 6s '37—JAJ Att A Blrm. See Seab'd Air Line Atlanta A Charlotte Air Line— 1st M 4%* 1944 ser A JAJ lot M 6s 1944 ser B .JAJ Atlantic City 1st 4s Conv deb 4s 1939 op '16—MAN Gen unifser A 4%s 1964.. JAD - _ 14% 13% 14% 50 52% « « - 38 34 44% 4.80 Eq tr 4%s ser D 1939-41..JAJ b 4.80 Eq tr 4%s ser E1939-42—AAO b 4.80 Eq tr 4%s ser F 1939-44—MAN b Bangor A Aroostook— 1st M 5s g Jan 1 1943104% JAJ 14 48 38% 50 45% 4.00% 4.00% 4.00% 106% St Johns Rlv Ext gu 6s '39.FA A Van Bur Ext 6s g Jan *43.AAO Washburn Ext 1st 6s '39—FAA 91 91% 90 91% 1015* 102" 104 110 109% 100% 110% 103 35 86% 92 93% US* 89 101% 102% 85% 97% 86 66 2.00 2.00 2.50 77 68 1.50% 1.50% 3.00% tared ctfs or in debt 5s. .JAD Atlantic Coast Line of 8 O— 83 93 41 96% 41% W* 50 B* 100% Beech Crk Ext 3%& 1951...AAO 100 103% 40 43 100% 46 — — — «• 83 101 101% b Boston A Maine RR— 1st mtge 5s ser AO 1967.—MAS 1st mtge 5s ser II1955....MAN 1st mtge 4 %s ser J J1961—AAO 6s series AA 1944—......AAO 5s series DD 1945. JAD 2.25 1.50% 2.50% 82% 98 - - 1st ref 6s 1961 JAJ Buffalo Rochester A Pittsburgh— Con g 4%s 1957 MAN Certificates of deposit...... Buff A Susquehanna RR Corp— 8 12 4 90 92% 85 60 32% 29% 35 1st 4s Dec 30 1963 63 JAJ Burl Cedar Rapids A NorthCon 1st A coll tr 6s g '34—AAO / 8 Certificates of deposit...... 5% ambria A Clearfield— 1st 6s g 1941 104% JAJ Gen M g 4s 1955 FAA 97% 'ambria A Indiana RR— 67 Equip trust 2 %s 1939-47—AAO 2.60 62 73% - - 115% 114% 115% 10 8% 105% 99 2.00% 93 101 17-year guar 3s 1953 .FAA Eq tr 4%s 1939-1942 (gu) MAN Eq tr 4%s 1939-45 (ann).JAD Equipment trust 5s Janadian Nor deb 6%s '46..JAJ Canadian N W4%s Oct22 1943.. 98 guar "anadian Pacific— Cons deben 4s perpetual..JAJ 20-yr coll tr 4%s 1946—MAS Ooll tr 5s 1954 32 32% S f 4%s Dec 15 1944 Ooll tr 4%a 1960 31% 35 29 30% 29% 32% 30 32 JAD Conv coll tr 6s 1942 30 32 31 31 33 33 31 33 5s series V 1942.........MAS 5s series W 1942—....... AAO 6s series Z 1943 ...MAN 30% 30% 30% 32% 32% 32% Nominal. 1957 JAJ guar 1951 MAS guar 1956..........FAA 4%s guar 1955-.......JAD 15 40-yr 6s guar 1970—.....FAA 5s guar July 1 1969— JAJ 6s guar Oct 1 1969 AAO 6s guar 1954 .....FAA 16-year guar 3s 1950—...JAD 13-year guar 3s 1950.....JAD Guaranteed 3s 1944 MAN 7-year guar 2s 1943......FAA 4%s 4%s 4%s ... 73 83 5s series R 1940 MAN 5s series T 1941.........MAS 5s series U 1941........MAN n 8% 86% 4-year guar 2s 1942—..JAJ 102 76 107 Big Sandy Ry 1st g 4s 1944.. JAD Birmingham Southern3.25 Equip trust 3%s Dec. 11939-46 b Blrm Term 1st g 4s 1957 gu.MAS 79 Bluff Point Land A Imp 1st 4s '40 96 Boonvilie St L A Sou 5* '51-FAA / 26 Boston A Albany 6s Oct *63.-JAJ 65 6s June 1942 JAD 81% 4 %s impt 1978 59 ..FAA 1st mtge 4%s ser A 1943..AAO 72% 50 3%s Jan 1 1951 JAJ Ref 3%s 1952 gu N Y O..AAO 50 k Last sale. 7 4.25% 4.25% 4.25% 75 97% 92% 48 78 Belt RR A Stk Yds (Indplis)— 1st ref gold 4s 1939 MAN Belt Ry of Chatt 1st 6s '45..JAJ Beivldere Del cons 3%s 1943. JAJ Bessemer A Lake Erie— / This price includes accrued interest. „ 99 88 Gen 1st g 4s July 1948— ...JAJ Atl A Danville 1st 4s 1948 JAJ 5.50 5.50 5.50 101 Battle Or A Sturgis gu 3s '89.JAD 3s *89 JAD Bedford Belt 1st 6s 1938 JAJ f Equip tr 2%s 1939-1947—MAS 6s ext to Jan 15 1947 JAJ Boston/Term Co 3%s 1947—FAA 4sl950 —..JAJ Buffalo Creek 1st 6s 1941 JAJ 101 95"" Bay City A Battle Grk 89 67 23% — JAD —AAO MAN Lynn— lstm 4%s Juy 15 1947—JAJ15 23% - 22 oston Rev Beach A 23 23 26 24 JAJ 1st mtge gu g 4s 1965 FAA Bost A Prov deb 6s July 11938 23 22 109% 75% & Basis. 22% 21% 109 10-yr coll tr 6s May 1 '45.MAN 2d g 4s 1948— JAJ Atlantic A Yadkin gu 4s '40.AAO Aug Term 1st gu g 6s 1947—AAO 22% 21% 23% 89 Lou A Nashv 4s Oct 1 '52.MAN Equipment trust 4 %s— Eq4Ws 1940-41 K (yr>—Faa Eqtr 2 He 1939-52.. AAO Atlantic Coast Line (Conn)— 20 JAJ ....FAA 5s 1939-44— aston A N Y Air Line— 56 22% 93% 62 July 1 1952...MA8 57 57% 92% 78 4s 57% 57 86% m Mtge 4%s 1944 Mtge 4s 1942 Mtge 3s 1950 Equipment trusts— 3%s 1939-44 4%s 1939-43 57 4s 1951.....JAJ 1951—JAJ cons 57 55% 4s stamped 1951........... Pis cat Div g 6s Jan 1943.. A AO 1st 5s ext May 11954.—MAN Atlantic Coast Line RR— 1st 55% 1948..AAO 1st mtge g 5s, July 1948—AAO f Certificates of deposit— f 5-year sec notes 4%s 1939.F& A t Certificates of deposit. f Ref A gen 5s series A1995.JAD f f Certificates of deposit— Ref A gen 6s ser O 1995—JAD f Certificates of deposit f Ref A gen 5s ser D 2000—MAS f Certificates of deposit f Ref A gen 6s ser F 1996—MAS f Certificates of deposit f Convertible 4%s, 1960—.FAA f Certificates of deposit f P L EAWVa Sys ref 4s'41 MAN Certificates of deposit-.—— S'west Div 1st mtge 5s *50.JAJ f Certificates of deposit.. f Tol Ginn Div ref 4s A '59—JAJ 102 Atlanta Knoxville A Northern— 1st mtge gold 5s 1946..... J AD 1st cons 4s Mar 1 2002—.MAS Atlanta Terminal 6s 1939...FAA 72% 70 100 Atchison Topeka A Santa Fe— Gen mtge gold 4s 70 gtd g 6s 1941—..JAJ JAJ Cons refund g Ask Boston A Maine RR (Cont)— Augusta union Sta 4s 1953 1st mtge g 4s, July 31 Alabama Great Southern— 1st cons g 6s 1943 ser A...JAD Ark A Mem Ry B idge A Term— 1st M 6s 1964 _MA8 Aroostook New 6s g 1947—-AAO 1st mtge Bid Bonds Ask Baltimore A Ohio— _ Gen A ref 5%s Bid Bonds Austin A Northwestern— JAD 15 JAJ MAS 15-yr conv colltr 4s 1949.. JAJ Conv coll tr 3%s 1951 FAA Conv coll trust 3s 1945...AAO Ooll trust 2 %8 1941......AAO Eq tr 5s 1944 ..JAJ Eq tr 4%s 1939-1945s-a JAD Care Cent 1st g gu 4s 1949..JAJ Caro Clinch A Ohio 6s '52.JAD 16 Carthage A Adirondack— 1st mtge guar g 4s 1981 JAD 118 119 115% 119% 98% 116 114% 116% 118% 119% 115% 119% 118% 99% 99 103 104"" 100% 101% 2.70 2.70 2.70 122% 99% 80% 98% 99% 93% 92% 103% 92 88% 88% 95% 113% 2.60 QQ 2.00% 2.00% 2.00% 123% 102 82 99% 99% 94% 93% 103% 92% 89 90 96% 2.65% 40% 44 106% 107 52 52% BONDS RAILROAD 68 NOTICE—All bond prices are "and interest" except where marked "f" and Income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bid Bonds Oatawissa RR g 4s 1948 A&O Central Arkansas A Eastern—- Bid Bonds Ask Chic St Paul Minn & Omaha, Eq tr 4 %a 1939-44 A&O 102 % „ Ask ^ 6 5.50 5.00% 1st 5s 1940 --—J&J / Cent Branch Union Pacific— 17 18K Chicago South Sh & So Bend—• Sink fimd 3s ser B 1963—J&J 1st 4s 1948 J&D / Central of Georgia— 1st M g 5s Nov 11945—-F&A 13 16 Chic Terre Haute & Southeast—1st & ref g 5s Dec 1 '60 opt J&D 57% 58 K 31% m 4% 4% 36 Inc mtge 5s Dec 1 1960 Chicago Union Station— M&S 46 K 55 Cons gold 5s 1945———M&N Ref & gen 5%s 1959 ser B-A&O Ref & gen 5s 1959 ser O—A&O 6.50 Eq tr 4%s *39-'40 ser P<yr)M&g Eq tr 4%s '39~'40serQ(yr)M&N Chatt Div gold 4s 1951—J&D Macon & Nor g 5s 1940---J&J Mid Ga & Atl 1st 5s 1947—J&J Mobile Div g 5s 1946 J&J 6.50 8 ~4% 8 Oconee Div 1st 5s 1945—--J&D Cent New Eng 1st gu 4sl961 J&J Central of New Jersey— 9K 5% ilH 11" 5K 32% 3% (yr)~F&A 5.10 Central Pacific—' ' 1st ref 4s g guar 1949——F&A 1st g guar 4s Oct 11954—-A&O 73% F&A 25 21 24 % 56% (now 1st) g 5s -—-J&J Gen M 4s 1987 Eq tr 4%s 1939-'41 Guar 4s 1944 1st M 4s series D 18 4.50% Choctaw Oklahoma & Guar g 5s I960---—- 66 IV* 57 55 b Central Vermont 90 Ry—. 1939-*44 «yr)-1940—A&O Chatt Rome & Sou 1st 6s 47 J&J Chattanooga Sta 4s 1957 gu—J&J 4 ^ 4.00 94 Eq tr 5s Dec 14 Char & W Carolina 5s 3.00% 100 32 105 Chesapeake & Ohio— General 4%s gold 1992—£?&S Ref & imtp 3 %s D 1990--M&N Ref & .mpt 3 %s ser E 1996 F&A Ref & impt 3%s ser F 1963 J&D 1%% notes, 1940 J&J 2%% notes, 1941 J&J 108 Erie & 99 103% 100% 101 101% 103 % 101 % 101% 102% 102 2.20 1.50 104 % 105 K 2.25 2.40 106% 1940———J&J *89-J&J J&J Warm Spr Val 1st 5s g '41-M&S 103 1st 40" 116 109 U7K Chicago Burlington & Quincy— Gen M 4s 1958 ------M&S 5.25 64 Spr & Col Div 4s 1st g '40-M&S '40—J&J 88" 106% 106% f 100% 93% Ga RR & A-F&A 103 Gen & rer 4Kb 1977 ser 107": 76" 84" . 1st 4s gold guar 1995 M&N Cleveland Union Terminals—. 40 42 86 78 87 _ s O—A&O 72% 17 78% 73% 6 , 36 39 J&J 1945 H 3H 109 Bkg ref 6s 1951— A&O 4s Jan 1 1947 Ga Sou & Fla 1st g 5s Deb 5s 1952 107 106 7 102 42 2K 2% 5 108 17% 14K .M&N / Certificates of deposit— / Georgia Fla & Ala 1st 6s '52.F&A f Georgia Midland 1st g 3s '46.A&O 59 103 Gen & ref 4Kb 1981 ser B—J&J Cleve Short L 4Kb 1961 A&O Cleveland Terminal & Valley— 95 71 16 25 1st M 6s 1946 series A 99 K J&J 45 —A&O 48 40 101 25 Eq tr 4Ks 1939s-a.....-M&N Girard Point St'ge 3Ks '40—A&O 100 102 K Goshen & Deckert'n 1st 5Ks 1978 / 2nd ext 6s 1979 M&N / 35 35 Gouvernour & Oswegatchie— 1st 5s 1942 J&D Grand Rapids & Indiana— 1st 4Kb 1941 J&J 1st 3 Kb 1941. J&J Grand River Valley—See Michig Grand Trunk Pacific— 96% 99% 46 85 106 K 103 an 106% Cent ral Ext gold 4s 1948 102 K A&O 1.50% Colum & Toledo 4s 1955-—F&A Concord & Claremont 5s '44-J&J 19 K Connecticut & Passumpsic Rivers 1st gold 4s 1943 A&O 18K 1943—..M&S 26 Conn River gold 4s Connecting Ry < 85 22 K 4.50% Phi/a)— 15 51-M&S 15 --.M&S Consol Rys <N H) deb 4s 54.J&J 1st M gu 4s Mar 1st 5s 1951 / / / / / 10% / 15 A&O —J&J Cuba Co extend 3s 1955——J&J 72 Cuban Nor Rys 1st 5Ks, '42 J&D J&J 13% Cuba RR 1st g 5s 1952 13 % 7K* extended to 1946-....J&D 6s extended to 1946-——-J&D 12 K Imp & equip 5s 1960 M&N 5% 5K Danbury & Norw ref 4s 1955.J&J Dayton Union Ry 1st 4s '49.J&J Del & Bound Br 3Ks 1955--F&A 18 70 74 101 % 69 9 7K 4 4% 30 107 114 104 Equip trust 4s Apr 1 1939-'49— b Denver & Rio Grande Western-— Gen income 5s Aug '55—F&A 103 % Assented subject to Ref & impt 5s 1978 ser 47 6 / / „ 10 K 10% 2% 2% 29 & / / 26 / 28 27 K f b b b b / / / / / / 5.75 5.75 5.75 5.75 28 11 * 5.00% 5.00% 5.00% 5.00% 13 14% 13% 15 15 15 16K f f / / 9% 8% b 4.75 j f 15% 8% 4% 14 % \V* plan.— B—A&O Eq tr 4Ks 1939-'42 (yr)—M&N Equipment trust 5s Equipment trust 5K» 4s 1936--.——J&J 4Kb 1930 J&J Denver & Salt Lake Ry— Inc mtge 6s Jan 1 1960-An Apr 1st 4s 1950 —J&J Des Moines & Fort Dodge— con g con g Otfs of dep for gtd 4sl935-J&J Des Plaines Val 4Kb 1947-M&S Det & Mack 1st lien 4s 1995. J&D 15"" 33 S 39K 34K 35K 2K 34% 40% 43% 39K 36K 10 102 93 97 64 K 65 4.50 3.75% M&N 14% 7K 6% m •!H _ b Basis. 75% 66% 62% / This price includes accrued interest, 85 81 103 6% 45 J&J 1.00% 1.00% 60 7 47 Guayaquil & Quito 1st 5s '32 J&J2 f Gulr Mobile & Northern— 1st 5 Kb 1950 ser B 76% 1.50% 0.75% 1.00% 90 49% 5 4.75 4.75 4.75 4.00% 4.00% 4.00% 12K 12% 13% 12 62 93 64 4K 6% 25 99 K 1951.J&J 1.75 4% 8 1st guar 4 Ks 1961 -——M&N Detroit Toledo & Ironton— El Paso & R11st gu 5s 1.75 1.50 4% 1st 5s 1950 series C Gulf & Ship Island RR— Harl R & Portch—See N Y N Harris Ports Mt Joy & Lane RR Ext 4s 1943— .—.J&J Hobo ken Ferry 5s 1946—-M&N 60 90 2.65 4s 1951 guar——J&J Holyoke & West 4%s 1951—A&O / 60 70 105K 1st gold 5s 1957 2.00% 104K 105% 100 66 H & Ha rtford Housatonic con 5s 1937——M&N / Hudson & Manhattan— 96 Z8* 80 100 105 50 53 Hocking Valley Ry— 120 1st cons gold 4Ks 1999...J&J 1.25 Eq tr 5s 1939 (yr) -J&J 6 Holidaysburg Bedford & Oumb 1st M g 100 78 77 K A&O A&O 1st ref & term g 5s Feb *52. J&J Stmpd (July 1 1933 cpn on). Gulf Terminal of Mobile— 1st mtge ft 4s 1957 gu——J&J opt———F&A Adj inc up to 6% Feb '57-A&0 / 1st M 4Kb 1957 conv F&A Huntington & Broad Top Mt RR & Coal extend 6b 1940 A&O f Extended 5s 1940——A&O / 121H G.75% 93 15 32% , 48% 14% 34% 49% 14% 48 5 % % Illinois Central— 12K 14 75 103 75 85 K 90 103 K 105 . 70 2.25 1.25 4% 59 , Debenture ctfs B Feb Guantanamo & Western— 1st M 6s 1958 series A 84% 100 89 74% Green Bay & Western— Debenture ctfs A Feb.— 54" Eq tr 2%b 1939-1947—-M&N 16K Detroit & Toledo Shore Line— 1st gold guar 4s 1953 -.J&J Dext & Piscataquis 4 Ks '49—J&J 18K Duluth Missabe & Iron Range— 1st mortgage 3 Kb 1962—A&O 10 % 10% Duluth South Shore & Atlantic— 1st gold 5s 1937 9 —J&J Dutchess Co RR 4Kb 1940—J&D 4% M&S 4.00% East Penn 1st 4s 1958 East Tenn & Western N O— 1st extended 5s 1965——M&N 15% East Tenn Va & Georgia— 47 Consol 1st g 5s 1956——M&N 7% Eastern Ry of Minnesota— 7 Nor Div 1st g 4s 1948 8 A&O 7K Edmonton Dunvegan & British Columbia Ry 4Kb 1944—A&O 3K Elgin Jol & East 5s 1941— M&N 93 Elm Ira & Williamsport— 1st 6s 1910 ext at 4% 1950-J&J 83 K Income 5s 2862.. —A&O 88 Greenbr Ry 1st g gu 4s '40.M&N 22 J&J 81% 98% Greenbrier Cheat & Elk— 1st 5s 1944 -J&J W Va Midland Ext Ba *54-J&J 104% 95% 88 85 81 Eq tr 2s 1939-1947 M&8 Eqtr 4Kb 1939 M&S Eq tr 4Kb 1939-1940 Diyr) J&J Western Fruit Express— Eq5sJ'ne 15 1939 »yr) J&D Eq tr 4Kb 1939-1940—J&D 40 1964 3.00% 104 95 K Gen mtge 4s ser G1946....J&J Gen mtge 4s ser H 1946-...J&J Gen mtge 3%s ser 11967—J&J 2nd Mort. gold 4s 1995—J&D Detroit Term & Tunnel— 1st 5s Mar 1 90 4.00 70 *41.J&J 13% U% 10 10 Denver & Rio Grande— 1st 1st 89K J&J Gen M 5Ks 1952 ser B J&J Gen M 5s 1973 ser O J&J Gen 4Kb 1976 series D J&J Gen 4Kb 1977 series E—J&J 109 117 Delaware Lackawanna & Western 104 % 104 K 1st & ref g 4Kb *61 opt 90 10 M&N 99% 111% Great Northern— 85 10 Delaware & Hudson— 1st & ref gold 4s 1943 97% 97% 110% Eq tr 5s Dec 14 1939-*43 «yr)— Grays Pt Term g 5s 1947-.—J&D 109% Deb 4s 1955 101% 95 (Lake Superior) 4s 1955 1st 4s Feb 15 '42 Alb gu—M&N Gen 4s 1962 Can Govt gu J&J Grand Trunk Western— 1st g gu 4s $ July 1 1950 109 100 97 J&J (Mountain and Prairie)4s 1955 43% coo Deb 4s 1956 guar 100% 1st M 3s 1902 1.90% . Deb 4s 1955—————J&J Chicago St Louis & N O— Con g 5s June 15 '51...J&D 15 Con g 3 Kb June 15 '51-J&D 15 Mem Div 1st 4s 1951—-J&D 63% Colorado & Southern— General mtge 4Kb 1980—M&N Col & Pt Deposit 4s 1940—F&A Columbus & Hocking Valley— Trustee ctfs 3 Kb 1947., Called May 1 at 105. '90 M&N 98 91 Refg 4s 1934 opt to 1911—A&O/ Certificates of deposit / Sec 4 Kb 1952 ser A M&S / Sec 4K ser A certif of dep. / ♦ Georgia Carolina & Nor— Ext at 6% to July 1 1934 Georgia & Florida BR— 3%s gen gtd 1942—A&O Ser O 3 Kb gen gtd 1948—M&N Ser D 3 Kb gen gtd 1950—F&A M 8 67 13 gold 4s 1950— J&J / ref 4Kb '52 opt—M&N r 11% Chic Milw St Paul & Pac RR— 4Kb 1960 cons 69 2.40 Equip tr 2 %b ser A 39- 52 M&S 6 100 Coal Riv Ry 1st 4s gu 1945.J&D Chicago Lake Shore & Eastern— 1st M 4%s 1969 opt 1919.J&D m Chic Memp & Gplf 5s 1940--J&J 45 Chic Milw & Gary 1st 5s '48-A&O / 5 conv 8K 90 Proof of claim filed.. f 3 Amended 1st con 4Kb 1982 Proof of claim filed.. Certificates of deposit.. % Fort Dodge Des Moines & Sou— 1st 5s 1938 -J&D f 6 Fort St Un Dep Det 4Kb '41-J&J 100% Genesee River 6s 1957 41 J&J } Ga & Ala 5s Oct 1945 J&J f 14% Ga & Ala Term 1st g 5s 1948.J&D f 7 WA 12 K 96% 99% 102% Chic June Ry & Un Stk Vds— Coll tr rer 5s 1940 A&O Coll trust ref 4s 1940 A&O 62 . 89 Chic June RR 1st 4s 1945—M&S 30-yr 65 1st 77% 1st s f 4Ks 1977 series Ollnchfield RR— 2 4s July 1 1949 J&J 2.10 Eq tr 2 Ks 1939-47 -A&O b Chicago & Eastern 111 «new co)— Gen M 5s May 1951——M&N / 18% Certificates of deposit 17% / Chicago & Eastern Illinois— 1st consol 6s gold 1934—A&O 100 82 K Chicago & Erie 5s 1st g '82—M&N Chic Great West 1st 4s 1959-M&S 22 deposit.. 106 109% 107.38 104 97% 1st &ref 4 >5s ser B 1977—F&A 1st & ref g 5s 1971 ser A—F&A Illinois Dlv3Ks '49 op '29-J&J Gen ref 1.85% Ref & imp 4Kb ser E 1977-J&J O W & M Div 1st 4s g '91—J&J 1st 105 55.F&A / Chicago & Alton RR—• Refunding g 3s 1949—-—A&O / Chesterf & Lancaster 5s 31 58 gold 1943 J&J Florida East Coast 4Kb '59. J&D 1st & ref 5s 1974 —M&S cons Certificates of deposit. Eq 4Ks '39-'4l H (s-a)—M&S Florida Southern gu 4s 1945-J&J Florida West Sh 5s 1934——J&J Fonda Johnstown & Gloversv— 42 White W V Div 1st 4s 42% 41K Pittsburgh—^ General 4s gold 1993——J&D Gen M 5s ser B 1993——J&D St L Div 1st col tr g 4s 100 3Ks series C 1940— J&J Florida Central & Peninsula— 103 68 12% 101 98 15 f 5 Ks 1972 series A—A&O 1st M s f 5s 1973 series B—A&O 106 Certificates of 1st gtd 5s 1943 J&J Cleveland Akron & Columbus-1st cons guar g 4s 1940-—F&A Clev Cine Chic & St Louis— Ser B 1.50% 1.50% 1.75% 1.00% 5 b 5 & R & A Div 1st con g 4s 2d con g 4s 1989 50-yr 5s 1975 series A—-F&A Oonv adj 5s Jan 2000 A&O Chicago Milwaukee & St Paul— Gen g 4s A May 11989 J&J Gen g 3J4s B May 1 1989-J&J Gen 4Kb May '89 series CLJ&J Gen 4Ha May '89 ser E— J&J Gen M 4%s May *899er F J&J Equip trust 3%s 1939-53A&0 Eq 4Kb *39-'43 E & F <yr)_J&J Eq 4Kb '39-'41 G & H «yr) J&J Eq tr 5s *39-'40 ser B <yr)-F&A Chicago & North Western— Gen M 3 Ks g 1987 M&N Gen M gold 4a 1987 M&N Stmpd non-pay Fed lnc tax.. Gen M5s *87 stpd lnc tax_M&N GenM4 %s'87 stpd inc taxM&N GenM4Ks'8t stpd inctax M&N 15-year 6 His Mar 1936—M&S 1st & ref 5s May 2037 J&D 1st & ref 4Kb May 2037—J&D 1st & ref 4Kb May 2037 O J&D Oonv g 4Kb 1949 ser A M&N Eq 4Kb '39-'42(yr)ser A.M&N Chic R I & Pac Ry— General gold 4s 1988J&J 108% 12% 12% 103 ... 102% 102% 102% Potts Creek 4s Monon Coal— Non-cum tnc 5s 1955(w-s)— Chic Indianapolis & St Louis— Short Line 1st 4s 1953 A&O 1st M 3 Kb ser D1971 M&N 1st mtge 3%s ser E 1969—F&A Clearfield & Mahoning— 19 99 Gen gu g 3Ks ser B 1940.-J&J 97 Co—. '57-M&N *105% 19% 18% 45 Cleveland & Pittsburgh— Ser A 4Kb gen gtd 1942—J&J Ser B 4Kb gen gtd 1942.-A&O 98% - Equip tr 4Ks "A" 1945--A&O Chicago & Illinois Midland R 1st mtge s i 4%s ser A '56 Chicago Indiana & Southern Ry— Con mtge g 4s 1956 guar—J&J Chicago Indianap & Louisville— Ref M g 6s 1947 series A—J&J Ref M g 5s 1947 series B—J&J Ref M g 4s 1947 series C—-J&J 1st & gen 5s 1966 series A-M&N 1st & gen 6s May '66 ser B-J&J Cincinnati Union Term 1st mtge g 5s series C 22 16 ' 92 45% 21 16 impt M 5s 1975 A&O Eq 4Ks 39-*41 LL (s-a)._M&S Eqtr 4Ks 1939-'43 (s-a)— M&S Erie & Jersey s f 6s 1955——J&J 91K 95% 45 Ref & 103 _ 123 % 123 notes, 1942--——J&J notes, 1943 J&J notes, 1944—-—-J&J notes, 1945 J&J y0 notes. 1946-J&J Equip tr 2s 1939-1947—M&S Eq tr 2%s 1939-1946 J&D Eq tr 3s 1939-1950———A&O Eq tr 4%s *39-'40 (yr). A&0 Craig Valley 1st 5s g 1940-J&J Paint Creek Br 4s 1945—F&A 2.50 93, Central RR & Banking 75 60 109% 98 — 63 51 European loan 4s 40—-— M&o of Ga— Coll tr 5s ext'd to 1942—M&N Central RR of South Carolinalet ref 0s 1939-1976 Cinn & Muskingum Valley—. 1st 4s 1948 F&A Cinn New Orl & Tex Pacific Ry—• 60 5s stamped 1965— Prior Men gold 4s 1990——J&J / Gen lien gold 4s, 1996..--.J&J 106 K -/v 75 % Ask Conv gold 4s 1953 ser A—A&O Series B 1953 —A&O / Series D 1953 A&O Ref & imp M 5s 1967 M&N Gulf-—.. Consol gold 5s 1952 ...M&N f 13 Cincinnati Hamilton & Dayton 58 General 5s gold 1942J&D Oin Ind & West 1st 5s 1965-M&N 37 Cincinnati Lebanon & Northern— 1st consol gtd 481942 102% M&N , J£rl0 _ . 106 K A&O 109 1963—J&J 5 107 K 1st mtge 3 %s ser E 1963—-J&J 5.00% 102 % Guaranteed 3Kb 1951—M&S 5.00% Chicago & Western Indiana— 90 Consol gold guar 4s 1952—J&J 90 K 1st & ref M 4Kb D 1962—M&S Choc & Memph 5s 1949 J&J } 42 30 1987-J&J Gen M . _ 58 K Bid Bonds El Paso & Southwestern RR— 1st & ref 5s 1965 A&O 103 104 K 107 107% 102 100 63 ft Last gale. » Nominal. —J&J —J&J extended g 3K» 1951—A&O g 3s sterling 1951—M&S 1st gold 4s 1951 1st gold 3 Kb 1951 1st 1st Coll trust gold 4s 1952—.A&O Ref g 4s 1955 opt 1918—M&N Pur liens 1st g 3 Kb 1952--J&J Collateral trust 4s 1953 M&N 1955 M&N 40-year 4Kb Aug 1 1966.F&A 86 84 84 ..... 91 75*4 55 59% 57 59 .... 54% 52K 57 67 51% 52 Ref mtge 5s ' where marked "f" and Income and defaulted bonds possible for the closing day of the month preceding the date of Issue NOTICE—All bond price* are "and interest" except Quotations for all securities are as near as Louisville & 63 83 34 90 64 70 Omaha Dlv 1st 3s g 1951—F&A St Louis Dlv g 3s 1951 J&J 4754 *. 54 76 Gold 334s 1951 J&J Sp'field Dlv ext 334s 1951 J&J 58 63 4s 1951--F&A 61 Carlo Bridge 4s g 1950—J&D Lltch Dlv 1st g 3s 1951 J&J Louisv Dlv 33*8 g 1953—J&J 8234 lines g 75 Equipment trusts— 3s ser R, 1939-1952 M&S b 4%a ser K, 1939 F&A b 4%a ser L, 1939-1940—A&O b 434s ser M, 1939-1941 M&N b 434s ser N, 1939-1941—A&O b 434s ser O, 1939-1942—-J&J b 4Kb ser P. 1939-1944--A&O b 4s ser Q, 1939-1944 F&A b III Cent RR Co & Chic St L & N O RR jt 5s, A, 1963—-J&D 4%s series C, 1963 J&D Indiana Bloomington & Western— 1st ext 4s 1940 A&O - - — - 70 1.25 1.00% 1.00% 1.50% 2.50 1.50% 1.75% 2.00% 2.50% 2.65 3.00 3.25 57 5734 5234 54 88 95 1st gold 4s 102 J&J J&J 110 108 1945—M&S 7234 70 J&J 1st guar 4s 1956 ....J&J Indianapolis Union— Ref & imp M 3 34 s ser B'86 M&S Internat-Great North Ry— 1st M g 6s 1952 series A J&J AdJ M 6s July 1952 ser A.April 1st M 5s 1956 series B J&J 1st M 5s 1956 ser O J&J 1034 8 / i f f f M&N F&A J&D Iowa Central 5s ctfs 1938--J&D f 1st & ref g 4s 1951 -M&S f Debenture 4s 1961 1534 334 1334 1334 1634 3 % 4.25 3.25% 15 17 77 79 8334 8334 9534 95 56* 934 334 1034 2 1951... —A&O f Jackson Lansing & Saginaw— See Michigan Central < Jacksonville Terminal— 1st 5s July 1 1939 10034 Ref & ext 58 series A 1967—J&J 100 Ref & ext 5s series B 1967—J&J 105 6s July 1 1967 105 Jamestown Frank & Clearfield— 1st g 4s 1959 guar 54 J&D 434 4 Jacksonville & Gainesville & Gulf Ry 1st 5s . 107" 54% 4j4s 1940 guar opt.M&N 1st 5s June 1 1944 J&D Kal & Sou Haven—See Mich Cent Kalamazoo & White Pigeon RR 1st gold 5s 1940—....—J&J Kanawha Br & Ter 5s 1948.A&0 105 Kana & Mich 1st 4s 1990—A&O 81 Kan City Ft Scott & Ref g 4s 1936 guar Certificates Memphis— A&O of deposit Income 5s Mar 1934 Kan City Sou—1st g 3s M&S Sept 1 9834 10034 88" '26 / 4s(Apr 1914 coupon on) / April 1914 coupon off 1951 / Assent cash warrant and scrip receipt No 4 on 1951 / Naugatuck 1st 4s 1954 M&N / Maine Central— . 71 47 63 67 Equipment trust 5s Equipment trust 534s— — —— Manila RR Sou Lines 4s '39.M&N 1st 4s extend 1959 M&N Manitowoc Green Bay & Western 101 gtd 334s 1941 -J&J 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— 1st g gu 5s Nov 1 Meridian Term 4s '55 guar-M&N J&J J&J 1978 Kentucky Cent 4s g 1987 J&J Kentucky & Indiana Term RR 1st M 4%a 1961 (sterling) .J&J 4s Sept Michigan Central— Ref & impt 4 34s 1979 ser O. J&J 1st gold 334s 1952 M&N Grand River Valley— 1st 4s 1959 M&S Jackson Lansing & Saginaw 1st 33*s Sept 1 1951—M&S Joliet & Northern Indiana— 1st 4s 1957 J&J Kalamazoo & South Haven— 1st 5s 1939--M&N Michigan Air Line— 1st 4s 1940 J&J Middlesex Val 1st 5s 1942—M&N Midi RR 4% franc bonds (Foreign series) 1960 J&D Midland of N J— A&O 5% to 1940 1943 A&O Adj M Apr 1 '53 ser A Sept / Adj 5s series B 1953 Sept..... 1st ext 434s Con ext 6s 108 10834 90 10734 10834 43^8^1939———— ext at 90 90 60 90 cons 1st cons J&J J&J J&J 1949—J&J gold 4s 1938 gold 5s 1938 5s 1938 gu int 1951 J&J Mo-Illinois RR 1st 5s 1959..J&J f Mo Kans & Okla 5s 1942 M&S Missouri-Kansas-Texas RR— cons 4s 8554 50 46 66 75 J&J J&J A ser D.J&J A-A&O F&A Mo Kan & Tex (old company)— 1st gold 4s 1990 J&D Mo Pacific RR (new company)— 63 66 2034 2034 2034 4s assented 2003 20 34 20 34 con gol«t 4 3*s 2003—M&N 434s assented 2003 Gen con gold 5s 2003 M&N 24 20 2134 20 H 5s assented 2003 Lehigh Valley Ry of New York 1st 434« gold 1940 J&J 434s assented 1940 Lehlgb Vail Term 5s 1941—A&O 2334 22 47 H 50 44% 49 34 57 ?§* 5s assented 1941 Lehigh & N Y 1st 4s 1945—M&S 34~" Lex & East'n lstgu 5s 1965--A&O Lincoln Park & Charlotte— 11434 40% 11534 1st & ref 5s 1978 ser G Certificates of deposit 1st & ref 5s 1980 ser H 55 10334 104 Little Rock & Hot Spr West Ry— J&J 16 1434 6034 68 82 Vs 83 34 Long Dock cons 354s 1950—A&O Long Island— Unified g 4s, 1949 M&S Refunding mtge 4« 1949—M&S 4s stamped 1949 M&S Equip tr 5s 1939 (yr) A&O Equip tr 434? 1941-45 (yr)_F&A Los Ang-Pac Co ref 4s 1950—J&J IV* 85 87 ...M&S / M&S Secured 5s 1938 M&S / Eq tr 4s 1939-1943 M&S b Eq 4 34s 1940-1942 (yr)._J&J 15 b Montgom Div g 5s 1947--F&A f Mohawk & Malone— 1st M gold 5s 1935 A&O / Louisville Henderson & St Louis— 25 29 1st mtge gold 5s 1946 J&J Louisville & Jeffersonville Bridge 103 105 Guaranteed gold 4s 1945.-M&S Louisville & Nashville— Unified gold 4s 1940 J&J 106 10654 84" 1st & ref 334 79% 10034 94% E 2003.. A&o b Basis. 98 66 X Ref & impt 4%a 52 ser A&O 51 >•" Certificates of deposit.. 1st M 534s 1954 series A.-A&O / Certificates of deposit.. / 1st 5s 1956 series C F&A ; 1st M 4 Ha 1956 series D—F&A 9254 9434 17 54 b 4.25 Equip trust 434s Newport & Cincinnati Bridge— 109 1st M g 43^8 1945 guar J&J 75 Newport & Richfor Is 5s 1941 2034 2134 New York Central RR— 1234 13 Cons mtge 4s 1998 ser A..F&A Ref & Impt 4 Ha 2013 A... A&O 60 61 Ref & impt 58 37 25 75 2334 2634 234 234 62 4% 634 66 634 534 3^ 3 70 2 New York Central & Hud Riv— Ref g 33js July 1 1997—J&J 80 L S coll tr g 3 34s 1998 F&A M O coll tr g 33*8 1998—-F&A 67 50 52 34 80 2734 2234 23 34 1234 2834 58 6134 Spuyten Duyvil & Pt Morris— 33*8 1959 J&D N Y Cent equip trusts— 5s 1939 J&D b 4 3*s Mar 151939 M&S b 2.75 . Guar g 5s 1946 M&S 85 . M&S / M&N / 2534 1334 2.75% N Y & Har 1st g 334s 2000—M&N N Y & Hob Fy 5s May 1946—J&D N Y Lack & Western— 1st & ref 4s ser A 1973—.M&N 42 43 34 183-4 1734 1834 20 General gold 4s 1941 1934 20 20 16 100% 18 20 1934 Deb 4s 1956 Deb 4s 1947 20" Deb 3 34s March 1947 Deb 3 3*s 1954 non-conv 4.50 4.50 3 34 434 3.50% 3.50% 534 63 75' 64 54 _ 1534 5.00 5.00 19 non-conv non-conv Deb 334s M&S 60 M&N t M&S / M&S / A&O / -J&J / 1956 conv 15-year secured 6s 1940—A&O 1st & ref 4 34s 1967 J&D Equip.trusts 3s 1939-1951 M&S 434s9-15-39to3-15-45M&S15 434s 1939-1946J&J 5s— 65 27 5234 " 2734 3234 4.00% 4.00% 2034 45 53 4734 4234 43 F&A 6834 71 M&S 2.90 2.25% 5.25 Prior lien ext 4 34s. 1950. _M&S New York Phila & Norfolk- 5334 35 87 82 n Nominal. 754 354 f 83 J&D A&O f 60 95 N Y & Putnam 1st 4s g 1993-A&O N Y Short Line 4s 1957 F&A 9934 35 2d mtge 434s 1937 Gen mtge. 5s g 1940 J&J f F&A f F&A f Nord Ry s f 6 34s 1950 Norfolk & Car 1st 5s 1939 5s 1946 934 6 6 36 334 A&O *1051182 A&O J&J 100 81 Southern— 1st & ref g 5s '61 opt *15—F&A / Certificates of deposit——— / Norf & South 1st 5s 1941.M&N / 1534 13 50 1st gen g 58 1954 opt J&J / 25 Norfolk Term 1st gu 4s 1961M&N 102 Norf Term & Transp 5s '48F&A 113 Norf & W Ry 1st con 4s '96-A&0 Norrist'n & Maine 1st 4s '52 M&S 8754 1234 1034 11 1234 5.25 Gen M g 4s 1955 red J&D / N Y Pennsylvania & Ohio— Norfolk 54 34 50 J4 143? 5.25 New York Ontario & Western— Ref 1st g 4s June 1992 M&S 2nd 35 103 1634 634 13 5.25 Term 1st g 5s 1943 M&N f N Y Westchester & Bob Ry— 1st M g 434s 1946 guar J&J f 81 50 1634 - Stock trust ctfs 4s 1948 N Y Prov & Bos 4s 1942 72 23 Har Riv & Pt Ches 4s '54 M&N N Y & N J Ferry 5s 1946 J&J 68 57 45 General 1st 5s 1941 M&S NY & NE Bos Ter 4s 1939.-A&O / N Y New Haven & Hartford— Deb 68 Jan 15 *48 conv—J&J15 / Deb 4s May 1 1957 M&N ; Deb 48 July 1 *55 non-conv J&J J 1734 1834 1734 1834 1734 334 434 St k Last sale, 75 5234 1st & ref 4 3*8 1973 ser B—M&N New York & Long Branch— 4.00 23 ™ accrued interest, 4.40 107 39 / Price includes 4.50 F&A M&N Wyoming & Southern— M&S J&J Eq tr 234s 1939-1952 65 York & Erie RR— 1st 4s ext g 1947 2d ext 5s 1939 3d mtge 434s 1938 N Y & Greenwood Lake 120 Nashville Chattanooga & 1st M 4s 1978 ser A 55% 74 H 106 A&O Constr'n 5s 1955 ser A M&N Constr'n 434s 1955 ser B.M&N 63 ~54 Connecting RR— 43*8 1953 series A F&A 115 Montgomery & Erie 1st 5s 1956— 81 New York A&O RR 1st 5s 1963—-F&A Morris & Essex 334s 2000 J&D 1.25 b 234s Mar 15 1939-1952 N Y Chicago & St Louis— 1st 334s extend 1947 A&O 3-year 6s Oct 11938 Ref 534s 1974 ser A A&O Ref 43*8 1978 ser O M&S 10-yr coll tr 4s 1946 F&A 3-yr ext'd notes 1941 A&O Equip tr 43*s 1939-'44 <yr)F&A b b Equip trust 3s July 1 1939-51 104 1st mtge gold 5s 1939 Montauk Ext 1st 5s 1945 1.25 2.75 102 1955 95 M&N b 4 3*8 1939-1945 New 6834 81 Deb 4s 1942 tax-exempt J&J Ref & ref 4 34s ser A 2013—A&O 1st guar 5s 1953 series B 102 58 64% 7754 68 34 2013 C A&O 10-year 3ns sec s f 1946--A&O 3 34s conv secured 1952 M&N 1st M 40 — 64% 6s 1st mtge 48 ser A I960---M&N 6s 34 98 N Y & Stamford 4s 1958—M&N f Montour 100 A&O 1st & ref 4 Ha 2003 ser C—A&O 1st & ref 4s ser D 2003--.A&O New Orl Term 1st 4s 1953._J&J New Orleans Texas & Mexico— Non-cum Inc 5s '35 ser A A&O N Y Susq & Western— 1st refunding 5s 1937 Montana 83 9234 54 Monongahela Sou 5s 1955 1554 M&N A..J&J 41 Gen 2.50% J&J f 5034 M&S f 68 34 J&J Income deb 5s 2032 New Orl & Nor East 6s 1915 38 48 3.50 99 gold 334s 2002 M&S Monon Coal—See Chic Ind & Lou Monongahela Ry Co— Consol 25 95 Mobile & Ohio— 46 34 82 34 . Equip trust 5s 1939 "40(yr)M&8 Eq tr 4 34s *39 '44 F (yr) -M&N Mo Pac (old)—Gen 4s 1975-M&S 3d ext 4s July 1 1938 M&N Mobile & Birmingham— Prior lien 5s. 1945 J&J 5s small 1945 J&J Gen M g 4s 1945 J&J 4s small 1945 J&J 3.50 J&J F&A Conv g 5348 1949 ser A M&N Secured 534s 1938-1956—J&D 1.60% 2.50% Equip trust 3 J£s to 1946.-A&O Louisiana & North West RR— A&O Certificates of deposit 1st guar g 4s 1991 83 34 2.00 M&N 1st & ref 5s 1981 ser I Certificates of deposit Gen gold 4s, 1938 Ref & impt 434s 1977 10034 F&A Certificates of deposit 1st & ref 5s 1977 ser F—.M&S Certificates of deposit 7634 J&D M&N Gen ser 2334 — 6734 154 J&J -J&J 25-year 534s 1949 .M&S Minn Terminal 1st 3 Ha '50.-J&J Minn Transfer Ry 3H* 1956-J&O Missouri Illinois Bridge and Belt 65 75" * „„54 35 2254 65 1st ref 534s 1978 ser B 1st & ref 5e Jan 1965 A 8434 134 54 New Haven & Northampton Ref cons 4s 1956 J&D > N J June 1st 4s gu 1986 F&A N J & N Y 1st ext 5s 1950—M&8 1st 5s 1954 series B 88 31 Eq tr 2 34s 1940-1952 J&D Called Oct. 1 at 102. 63 2d M gold 4s gpar 1st ref 6s 1946 series A 8734 59 Eng cons 4s 1945 gu J&J ; Consol g 5s July 1 1945—J&J / 3 Cong g ref 33*s 1997 J&D Leamington & St Clair 4s '45 A&O Lehigh & Lake Erie 4 34« '57.M&S Lehigh & New England— 1st M gold 5s 1945 J&J Gen mtge 4s ser A 1965 A&O Lehigh Valley Harbor Term Ry— 1st mtge 5s 1954 F&A Lehigh Valley— 1st gold 4s 1948 J&D * 9934 254 154 154 Ref & ext 5s Feb '62 ser A.Q-F Adj M 5s Jan 1967 s ser 73 8 88 B 72 9334 65 67 104 134 34 34 1951 Extended at 5% 1940 6 Prior lien 5s 1962 88 134 con 50-year 1st 5s 1983 ""54 60 Prior lien 4s 1962 ser B 5s 1939. J&J Lltchf & Madis 1st 5s 1959.M&N Little Miami guar 4s 1962—M&N 34 34 34 73 Prior lien 4348 1978 ser ser 82 2734 75 1st & ref 5s 2003 110 1941-J&J Minneapolis & St Louis— 1st 7s *27 ext at 6% 1932—J&D 5s ctfe of deposit 1934 M&N 1st refdg gold 4s 1949 M&S 95 Louisiana & Ark 5s A 1969 28 1454 60 70 warr't & scrip ret No 4 on 1st General 5s Jan 1 1938 New Lon Nor 1st 4s 1940 J&J New Orleans Great Northern- 39 434^&to 68 1st gold 4s 1939 guar 20 34" 1434 RR 7234 134 scrip receipt No 5 on 1977- / New 39 1939 1st mtge 5s ext at 3 % to *47 J & J 2d 5s 1941 —-J&J Lake Shore & Mich South— 1st mtge 434s ungar 1961 Con M 4 Ha ann irred Gen cons gold 4s 2003 84" 81 1947M&S 1st cons Lake Erie & Western RR— Con M 6s ann irred 3.50% 3.50% Milwaukee & Northern— 1st ' int at rate 4.8665— 1961 J&J accr Plain 4.50 1914 coupon on 1977— Minneapolis Northfield& Southern Ry 1st 6s '41--M&S Acer int at exch rate 4.8665.. Btmpd 4.50 Minn St P & Sault Ste Marie— 2.00% 54 Assent cash warrant and 69 1960-J&D 8034 72% 34 . Gtd gen s f 4s (Apr _ 4554 coll 4s ser A 45 J&D 3434 66% 3.00 1st M 5s 92 ser.-J&J 1st mtge & Conv gen 434s ser A Secured 6s 1959 1st 34 6854 1st g 4s 1960 opt 1930 Kansas Oklahoma & Gulf— 70 lin 33 1950 A&O 54 34 34 National RR of Mexico— Prior lien 4 Ha assent cash 31 73 Ref & Impt 5s Apr 1 1950--J&J Eq tr 3s F Jan 1 1940 1943 — Kansas City Terminal Ry— scrip receipt No 4 on 1957 / '14 coup on) / April 1914 coupon off 1977. / 92 Certificates of deposit-. 70 m«m 34 Assent cash warrant and 111 63 Mil Sparta & Nf1st 4s Mil&State Line 1st 334s 103 m * mmmrnm 90 Cons 103 54 / 62 Midland Valley 5s 107 1957.... / J&J 1965 Joplin Union Depot Co— K C Mem & Bir 4s 1934 July 1914 coupon on 1957 July 1914 coupon off 1957— J&J 1947 1st 5s Macon Terminal 5s ext at Joliet & Nor Ind See Mich Cent g Jan 1914 coupon on 96 4s Sept 1914 coupon off 1977-4s Asst(cash warr & coup) .1977 103 Eq tr 434s 1939-42 (yr)__ A&O b Internat Rys (Central America)— Purch money 5s 1972.. J&J l«t 9834 8334 Mexican International— Indianapolis & Louisville— 1st M 5s 1972 opt 1st 1 & ref 634» 1947 9734 103 1959—M&N 1950 10534 National Rys of Mexico— Prior lien 4>4s— Ry joint Monon coll gold 4s, 1952 J&J L & N Term 1st g 4s '52 gu J&D Macon Dublin & Savannah—• 1st Indiana Harbor Belt RR— Genl mtge 4s 1957 Gen mtge 43*s 1957 Indiana Illinois & Iowa— Pad & Mem Div 1st 4s Mob & Mont 434s 2.75% 2.50 1955--M&N '46-F&A South East & St Louis Dlv— 2d mtge 3s 1980 M&S Atl K & Cln Div 4s Bid Bonds Ask Nashville—(Conclude d) Southern — 3.25 2.00 Bid Bonds Ask Bid Bonds Illinois Central—(Concluded) western til) RAILROAD BONDS March, 1939] 12134 95 26 70 RAILROAD BONDS bond prices are "and interest" except where marked "fm and Income and defaulted bonds Quotations for ail securities are as near as possible for the closing day of the month preceding the date of issue NOTICE—-AH Bid Bonds Northern Central— Gen & ref 6s 1974 . __ ser Ask 113* A—MAS Gen & ref g 4 *s ser A '74.BIAS 105 Northern Ohio Ry 1st guar 5s— Apr 1 1935 & sub coups 1945.. / 51 / dep stmpd as to sale of April 1933 to Oct 1934.1945- / Stamped as to sale of Apr 1 '33 to Apr 1 1938 coupons / 40 55 Otfs of 49 38 ... Northern Pacific— Prior lien g 4s Jan 1997——QA J Gen lien g 3s Jan 2047 QAF Ref A imp 4 *s 2047 ser A.J&J Ref A imp 6s 2047 ser B JAJ Ref A imp 5s 2047 ser O...JAJ Ref A imp 5s 2047 ser D„. JA J 83 83* 48* 49* 56* 55 66* 56* 56* 66* 61* b Eq tr 4*s 1939-'40 (yr) 1.50 b 2.50 b 2.50 1.00% 2.00% 2.00% _.. MAS Eq.tr-2*4* 1939-1947 55 58 Eq tr 2*8 1939-1946 JAJ Nor RR of N J gen 434® 2000. JAJ f 10 North Pennsylvania RR— Gen g 3 3-10s 1953— JAD Northwestern Terminal Co— 81 84 28 31 1st income 5s June 1 1948.FAA f Northwestern Terminal RR— 1st M 5s 1977 An .-Apr f Norwich A Worcester 4 *s '47MAS 27* 84 Ogdensburg A Lake Ohamplian— 1st guar g 4s 1948.. JAJ 4s stamped 1948 ....JAJ Ohio Connecting 4s 1943..-MAS Ohio A Little Kanawha 5s Old Colony RR 4s 1938 29* 87 'SOMAS JAJ 109 115 101* 25 100* 102 102* 67 70 65 67 97* 98 98 110* 117* 97* 105* 92 94* 84* 83* 4.40 1.00 1.00 2.75 2.50 52 1st g 5s July 1956 ser A..JAJ 1st g 4s July 1956 ser B—JAJ 1st 4*s 1980 ser O .MAS 66* 58* 63* Equipment trust 4*s. Equip trust 2*s 1939-46—JAJ Perkiomen RR ext 3*s 1951.JAJ 3.00 3.00 90 Phila A Bait Cent 4s 1951—MAN Phila Bait A Washington— 97 MAN 108* 108* 111* 111 98 105* 94 95 85* 87* 83* 4.00% 0.75% 0.75% 2.00% 2.00% 53* 6 51 69 60 64 2.50% 2.50% 109* 101 109 113* 104 110 104* 105* 85 92 Phila A 105* 44* 4s series D 1945-- AAO MAN MAN 3*s series E 1949 _FAA 104 4s series F 1953 JAD 4s series G 1957 4s series H 1960 MAN 106 FAA 104 4*s series I 1963 4*s series J 1964 105 FAA MAN A.....JAD 113* 113* Gen M 5s 1970 ser Gen M 5s 1975 ser B AAO Gen M 4*s 1977 ser O JAJ Pitts Shawmut A Northern— 104 103* 95* 6% receivers' ctfs 1927...FA A Pgh A Shawmut 5s 1959 JAD Pitts Shenango A Lake Erie— 1st gold 5s 1940 AAO Cons 1st g 5s July 1 1943..JAJ Pittsb Term RR A Coal— 1st g guar s f 5s 1942. JAJ Pitts Va A Char gu 4s 1943.MAN Pitts A West Va Ry— 1st M 4*s 1958 ser A 1st M 4*s 1959 ser B 1st M 4*s 1960 ser C Called Sept. 1 at 100. 95* 6 20 4s stamped • 99 106* 3 35* 19* 37* 19* 10* 11* 65 4* 4* 5* 6* 1949 4*s 1941 JA 4*s stamped 1941 JAJ St Clair Mad A St Louis Belt— Alton Bridge 1st g 4s '51—JAJ con 3 1 ... 5* 7* 7* 83 26 1st gold 4s 1947 JAJ St Lawr A Adirond 5s 1996—JA J 2d gold 6s 1996 AAO St Louis City see Pac of Mo St Louis Iron Mt A Sou— 33 63* 60 Southwestern— 1st g 4s 1989 MAN t 2d g inc 4s Nov 1989 -.JAJ } 1st term A unif 5s 1952—.JAJ I Eqtr 5*s 1939 (s-a) MAS b b Equipment trust 5s Equip tr 4*s 1939-1945—JAJ b St Paul A Duluth— 13* 4s 1968—-.—JAD 108 46 50 AAO 46 1st consol gold 5s 1944 FAA Gen ref s f g 4s '53 opt '10.JAJ Terre Haute A Peor 5s 1942.MAS Texarkana A Ft Smith— _ 11* 12 10 mm mm mm mm 12 11* 10* 98* 101 _ ~5~00 > 5.00 6 Basis. 2.00 2.00 73 70 100* 16* 16 40 15 75 97 4 37 88 35 10 102* 114* 106* 103 88* 73 H6 85* 85* 85* 62* 31 3.00 4.25 4.25 22* 14* 1.50% 1.50% 1.50% 3.00 imp M 3 *s ser A *60 JAD 1st mtge 4s 1st g 5s Oct 1 1940 AAO San Fran Term 1st 4s 1950--AAO Santa Fe Prescott A Phoenix— 1st g 5s 1942 MAS 106* 90* 110 70 66 60 ser A.FAA Un Dep 1st 4*s '59..JAJ Union Depot (Columbus, Ohio) Gen 4*s 1946 JAJ Union Pacific— 1st ry A land gr 4s g 1947—JAJ 1st A ref 4s June 2008 MAS 1st A ref 5s June 2 200S..MAS MAN 34-year 3*s debs 1970 AAO Eq tr 2*8 ser E 1939-52--JAJ Eq 4*s Sept 15 1939—MAS 15 Union RR (Penn) 1st 5s '46-MAS Deb 6s 1946 MAS Union Terminal Co (Dallas)— 105 99* 72 38 102 101 113* 107 ] 1155 96* 96* 2.40 1.00 109 112 _ 15 18 3* 5* 6* 8* 8 7* 6 6* 60 112 1st 4*s Feb 1 1973 FAA Gen 1st g 3*s 1951 MAS Utica Clin A Blng 5s 1939—JAJ Vandalia 17 3 mm mm mm. 67 90* . 72" 19 79 M — ^ 42 35 12 Vermont Vail 1st 4*81940—AAO Vicksburg Bridge Co— 1st s f 4-6s 1968 MAS Vicksburg Bridge A Term Co— 1st M s f 6s 1958— MAS Debenture s f 7s 1948 MAS Vicksburg Shreveport A Pacific— Pr lien 6s '15ext 5% '40—MAN Gen 5s May 1 « _ — 35 14 114 Nominal. 71 69* 21 95 78 72 Eq tr 4*s 1939-1940 (yr)-JAJ b 4.50% 4.50% * 62 ...JAJ 1st cons g 5s 1958-—. AAO Virginian Ry— 1st lien A ref 3*s A 1966.MAS 48" n 97* 107* 107* 1941..——MAN ..MAN ref A impt 5s 1973 Va A Southwest 5s 2003 70 46 105 coupon off—..JAJ 1st guar 4 *s assented— Cash war A scrip ret No. 5 on 4 39 110* 117 July 1914 4 3* 97 RR— Cons g 4s 1955 series A—.FAA Series B 1957 —MAN Vera Oruz A Pacific RR— 1st gtg g 4*s 1934 JAJ 62 14 117 „ • ^ 1st mtge 3 *8 1967.FAA United N J RR A Canal Co— 1st 4*s Sept 1 1979 MAS General gold 4s 1944— MAS 1st 4s Sept 1 1948 ..MAS 112 13* 15* 2* 4* 4* 8* it Last sale, 87* 107* 1st g gu 4s 1942 ser O MAS Toronto Hamilton A Buffalo— 1st gold 4s June 1 1946 JAD 116 65* 99 80 Tol Walhoudlng Valley A Ohio— 35-year 3*s debs 1971 20" 2.50 B 1967...-JAJ ser Toledo St Louis A Western— 1st gold 4s April 1 1950 AAO Tol Term 1st Tulsa 117* 2.50 93* Consol M 4*s 1966 105* 89* MAN Transylvania RR 1st 5s 1956.JAJ 14 6* 1st A re.' 5s 1972-— .JA. 116* Salt Lake City Union Depot and RR 1st 5s 1938 MAN 95 Salt Lake A Ogden 5s 1934 15 f San Antonio A Aransas Pass— 1st guar g 48 1943 JAJ 61* San Fran A San Joaquin Val— gu—.FAA City A Pac3*s 1936—FAA / 2 *s ser D1939-52 2.50 4*s '57 gu_—MAN m 21* 13* 7* Shrev Bdg A Ter 5s '55 2.65 St Mary's Div 1st 4s 1951FAA Toledo Peoria A Western RR— 34 86* AAO f Stamped AAO f Adj mtge 5s Oct 1 1949 FAA f Ref gold 4s 1959 opt AAO f Certificates of deposit f 1st A cons 6s 1945 ser A—MAS f Certificates of deposit f 5% secured notes 1931 FAA f Receiver ctfs 2-3*s *45--.FAA Atlanta-Birmingham Div— 1st g 4s May 1 1933 MAS f Seab-All Florida Ry— 6s ser A ctfs of deposit........ f 6s ser B ctfs of deposit— f Seaboard A Roanoke 5s 1931.JAJ f 1.50 2.00 Ref A 59 98* /This price includes accrued interest, ... 85* 57* 72* 75* MAN Tex Pac-Mo Pac Term RR— 1st M g 5*s 1964 MAS Toledo Canada Southern A Det— 1st 4s 1956 ..—JAJ Toledo A Ohio Central— 46 » 68* 4*s ser HH 1939-40—MAS 4*s ser JJ 1939-42 AAO 4*sser A1940-43 FAA 4s ser B1939-43 MAN 4 *s ser 0 1939-44 JAD 48 AAO FAA 2d 5s Dec 1 2000 Ann Mar Gen A ref 5s 1977 ser B AAO Gen A ref 5s 1979 ser O..AAO Gen A ref 5s 1980 ser D...JAD 100 12 7* 1st Mg 4s 1951 MAN South Indiana 1st g 4s 1951.-FAA guar - 97* 1963 AAO Bridge Co— 1st M 5*8 1950 Texas City Term 6s 1941-JAJ '26 Texas A New Orl 5s 1943 JAJ Texas A Pacific Ry— 1st gold 5s 2000.... JAD 12 Pacific ext 1st 4s £ 1940...JAJ St Paul Union Depot— gug 5s Southern 111 A Mo AAO Tavares A Gulf 5s A 1935—.MAS Term RR Assn (St Louis)— 1st gold 4*s 1939 AAO 80 cons ...JAD 5s 1952—-JAJ / Susquehanna Bloomsburg A Berwick RR 5s 1952 AAO Tampa A Gulf Coast g 5s*53_AAO Tampa North 1st 5s 36 opt.JAJ Tampa Union Sta 5s 1940.-MAN Tampa Un Term 4-6*8 '53—JAJ 15* 11* 10* 11* Mortgage 4s Dec 1 1996..JAD St Paul East Gr Tr 4*s '47—JAJ f St Paul A Kansas City Short Line 1st guar 4*s 1941. FAA f St Paul Minn A Manitoba- Gen con Sullivan Co RR 6s 1944 64 97 Eq 4*8 1940-*41 BB (yr).FAA Equipment trust 4s 1939-1943— Sioux AAO 52 64 65 St Louis Seacoast RR prior lien 5s '48. AAO Shamokin Sun bury A Lewisb'g— 2d ext'd 5s 1945. JAJ - 1st 4s 1995 JAJ Spokane Falls A Nor 6s 1939.JAJ Spok Internat 1st g 5s 1955-JAJ Stark Elec RR 1st 7s 1952.—JAD 5s series GG 1939 Certificates of deposit stpd— f A 1990—-JAJ 1.50 2.00 Equipment trusts— Prior lien 5s 1950 series B.JAJ J Certificates of* deposit— ) Cons in 4*s 1978 ser A...MAS f ser 2.25 46 93* 88* 1933-MAN J Certificates of deposit.. f St L Peo A N W 5s 1948JAJ f St Louis-San Francisco Ry— Prior lien 4s 1950 series A. JAJ f Certificates of deposit... } Gen A ref 5s 1.50 2.25 JAJ JAJ 106* Somerset Ry 1st A ref 4s '55 JAJ 1st M 4s July 2 1950. JAJ South Bound RR 1st 5s 1941 AAO / South A North Alabama— 115* 115* JAD Eqtr 3*s Apr 1 1939-1946 Eq tr 2*s 1939-1946—JAD * 4* 110 105 Eq tr 4 *s Oct. 1939 (s-a) Aiken Branch 4s 1998 1st Mem Div g 5s 1996 m 1 Scioto Val A N E 1st 4s 1989MAN 108 Develob A gen 6*s 1956.-AAO Eq tr 5s 1939 (e-a) MAS 1st 3s Dec 1 1989 Seaboard Air Line Ry Co— 1st gold 4s 1950 115* 1st consol g 5s 1994 JAJ Develop A gen M g 4s '56-AAO Develop A gen 6s 1956 AAO Suffolk A Car 104* 103* JAJ JAJ JAJ 61 Staten Isld Ry 4*s 1943 103* JAD Stephenville Nor A Sou Texas— 1st M guar g 5s 1940 JAJ / 12* Sturgi8 Goshen A St Louis Ry— 32 10 4*s series B 1942. 4*s series O 1942 99* 102 1st M 4*s 1957 Rutl Can 1st g gu 4s 1949 53 St Louis Div 1st g 4s 1951 .JAJ Spartanburg Union A Columbia— 105 94* Rock Island Ark A Louisiana— 1st guar 4*8 1934. MAS / Rock Island-Frisco Term Ry— 53 Southern Pacific (Golden Gate Ferries) 1st 5*8 1949 AAO Southern Pacific RR Co.— 1st ref g 4s 1955 opt 1910—JAJ Stamped (Fed tax) 1955.JAJ / Southern Railway— 58* 77* 76* 2.00% 1.00% 102* AAO Richmond Term 1st 5s 1952.JAJ Richmond-Washington Co— Coll tr g gu 4s 1943 opt...JAD 94* 105* 107* 107* 105* - ---- 97* 1940 Piedmont A Northern— 1st mtse 3 *s'1966 Con g gu 4*s ser A 1940.AAO - „ MAN Cons 4*s Reading RR—- See "Read! ng Co." Philippine Ry 1st 4s 1937—JAJ / 9* Pitts Bessemer A Lake Erie— Cons gold 5s 1947 JAJ Pitts Gin Chic A St Louis— - 4* Schuylkill A Leh 1st 4s '48.MAN 98" AAO 93 - mmmmmrnm Richmond A Petersburg— 1st consol g 109 10-yr secured 3*s 1946—-JAJ Equip 5s 1939 (yr) MAN Eq tr 4*s 193 9-1940 (yr).JAD s 193 Eq tr 4*s 1939-1941 (yr).JAD Pacific Bruit Express— Eq 5s 1939 O (yr)...—MAS Eq 5s 1939-1941 D (yr).AAO 53 56* 53 „ 103 Riv A Gulf Divs 4s Gen 5s 1974 series B ..FAA Gen M 4*s 1977 ser O— JAJ Gen 4*s series D 1981 .JAD Phila A Chester Val 4s 1948. AAO Phila Newton A N Y 3s 1942 AAO JAO mm 81 103* St Johns A L Cham 5s 1944.MAS St Joseph A Grand Island— 72 107* 110* mm 101* 1st 5s 1941 MAN Rensselaer A Saratoga— 6% g bds May 1 1941 MAN Rich Frederlcksbg A Potomac— Cons mtge 4*s 1940 AAO Richmond A Mecklenburg— 67" Peor A East cons 4s 1940--AAO 2d cons inc 4s 1990 4* ...Apr 1 / Peoria A Pekin Union Ry— 1st g 5Hs 1974 series A...FAA 105 Peoria Ry Ter 4s 1937 gu op. JAJ 47 Pere Marquette Ry— April 1 1960 - 1st g 4s guar 1940 JAJ Rio Gr West 1st 4s 1939— JAJ 1st coll tr 4s 1949 opt..._AAO 69 — 2.75 1.75 Eq 4*s 1939-'45 (s-a).-.MAN Equipment trust 5s Philadelphia A Reading RR— Imp M ext g 4s 1947—.AAO Extended 4*s Oct 1 1943-— Term 5s g gu May 1 '41 QAF Rutland 1st A ref 4 *s series B 1981 Pennsylvania RR— Con M 4s gold 1943 MAN Con M 4s gold 1948 MAN Con M 4s gold 1948 sterling stamped dollar .MAN Con M 4*s gold 1960 FA A Gen g 4*s 1965 JAD Gen g 5s Dec 1 1968--...JAD Gen M 4*s 1981 ser D...AAO Gen M 4*s ser E 1984...JAJ Deb 4Xa 1970 AAO Gen M 3*sser O 1970—-AAO Oonv deb 3*s 1952 AAO 30-yr secured 4s 1940-1964. JAJ Gen equip 5s 1939 (yr) AAO Eq tr 4*s 1939 (yr) AAO Eq tr 4s series E 1939-1949-JAJ Eq tr 2*s ser H '39-'52„MAN 57* 76* 75* Rio Gr June 1st gu 5s 1939—JAD Rio Gr So 1st g 4s 1940—---JAJ 100* 100* 102* 102* 101* m. 9 98 Gen A ref 4*s 1997 ser A.. JAJ Gen A ref 4*s 1997 ser B-JAJ 80 62 Peon Ohio A Detroit RR— 1st A ref 4*s 1977 ser A..AAO 1st sold 4s 1943 116 11 Pennsylvania Company— 28-year secured 4s 1963...FA A Gu tr ctfs g 4s 1952 MAN Gu tr ctfs g 3*s 1941—FAA Gu tr ctto g 3*s 1942 JAD Gu tr ctfe g 3*s 1944 JAD Pa A N Y Canal con 5s 1939 AAO Cons mtge 4*s 1939. AAO Cons mtge 4s 1939 AAO m 97 86* 97* 50 72 X Paterson Extension 5s 1950. JAD Paullsta Ry 1st 7s '42serAMAS15 ' 48 105 68 ..JAJ / Cardelet Br 1st 4Mb 1938- A AO / 63 St Louis City real est 5s '38 JAJ / 65 Paducah A 111 1st 4*s 1955.JAJ 10134 Paris-Orleans extl 5Ks 1968 M&S *100* 6% franc bonds (foreign series) red to 1956 23 JAD / Gen 4s JAJ 1947.-JAJ Raleigh A S'port Ry 5s '65--JAD Reading Belt 1st 4s 1950— .MAS Reading Company— Jer Cent 4s 1951 opt'06--AAO 1st 5s 1931 Ral A Gaston 1st 5s g 104 * 1938..FAA mm. Raleigh A Augusta Air Line— 1st g 4s Nov 1 1948 110 117* Oregon-Wash RR A Nav— 1st A ref g gu 4s '61 opt..JAJ PacFruit Express—See Sou Pac— Pac of Mo 1st ex g 4s 2d ext 5s gold 1938 5* 108 6* 6* 6* 6* Ore RR A Nav cons 4s 1946-JAD Ore Short Line 1st 5s 1946..JAJ 1st cons guar 5s 1946 JAJ mm mmmmmrnm. Delaware River Terminal— 5* 1st M 5*s 1944 _FAA 1st M 5s 1945 series B—JAD 1st M 4*s 1950series O—.JAJ mm Bid Bonds Southern Pacific Co— Coll tr 4s (CP) Aug 1 '49-JAD 1st 4*s (Ore Lines) 1977-MAS 40-year 4*8 1968 MAS 50-year 4*s 1981 MAN 4*s 1969 with warr MAN 108 102* 101* 103* 95 Port Reading lstgu 5s 1941—JAJ Portl (Me) Term gu 4s 1961-JAJ 84* Guar 5s 1961— 96* JAJ Portland A Rumford Falls— 77 5s 1951 MAN Potomac Val 1st gu 5s g 1941-JAJ 104* Prov Sec deb 4s 1957 gu ) 3* MAN Prov Ter 1st g 4s gu 1956 MAS / 43* 77 Prov A Wore 1st 4s 1947---AAO 4 105 30 Ask 106 1st gen 5s 1974 series O.—JAD 1st 4*s series D 1977 JAD „ Oct 1938 and subs coupons Bid Bonds Pitts Young A Ashtabula— 1st gen 4s series A 1948---JAD 1st M 5s 1962 series B—.FAA y 83 58* 106* 1.50 MARCH, 1939] RAILROAD 71 BONDS bond prices are "and interest" except whera marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue NOTICE—All Bonds and Stocks Bid Ask Camden & Burl Co 1st gold 6s 1939. M&N 24 (guar)—... Equipment trust 53*s Equipment trust 6s Eq tr 4Kb 1939-43 (yr)—_A&0 Det & Chic ext 1st g 6s *41.J&J Des M Div 1st g 4s 1939-.J&J Toledo & Ohic 4s g 1941—M&S Omaha Div. 1st 3 Ms g *41. A&O Wabash Railway Co— Ref & gen 53*s 1975 A—M&S Certificates of deposit Ref & gen 6s 1976 ser B..F&A Certificates of deposit Ref & gen 4 Ms 1978 ser C.A&O Certificates of deposit Ref & gen 6s 1980 ser D..A&0 Certificates of deposit Warren 1st ref g 33*s 2000—F&A ) P 24 Canadian Pacific It* 25 5 Oaro ClinchfJeld & C ) Catawissa RR—1st ) 2d preferred (quarj| Cayuga & Susq ) 97 96 Central of New 98 4s West Shore 1st 4s 2361 J&J West Virginia 9c Pittsburgh— 1st g s f 4s 1990 A&O West Fruit Exp—See Gr Nor Western Maryland 4s 1952.A&0 1st & ref 5Ms 1977 ser A..J&J ... 11 11 \V* 10 7 10 50 i 103* 4% 1 28 60 55 i 50 Cleve Cine Chicago 9c St Common (guar) « Louis 1 125 68 74" 75 93 42 «• 5% 90 M 1.50 105M non-cum 106 ~ > 3.75% 43* 36 82 140 Preferred (guar). Delaware & Bound Delaware & Hudson Delaware Lack & T 23 73* 45 13* 46 33* 63* 23* 43* 93* 45 55 Pittsburgh & Lake Erie 30 19 50 50 67 78 itts 76 3* 5°5M Preferred 13* 43* 23* 23* 65 •• — — — ■ — 69 59" 2 1st pref 1st pref 5% class A_. 8% class B_. pref 7% class O pref 10% class D pref 4M% class E 100 100 1st 100 1st 100 1st 100 6% non-cum pref stamped. .100 Boston & Providence (guar) 100 Boston RR Holding pref. 100 2 30 223* 2 98 143* 273* 333* 15 117 260 34 43 81 156 172 563* 133* 145 153* 283* 36 Green Bay & Western. 66 40 Hartford & Conn Wes Hudson & Manhattan Common Preferred 68 175 15 3* .100 14 166 (guar). 36 128 (guar) t Louis Bridge 1st pref (gu)__100 2d preferred (guar) 100 t Louis-San Francisco Ry l60 6% non-cum preferred——100 t Louis Southwestern 100 5% non-cum preferred 100 "43* 18 2 • 65 1* 5 87 36 See utility stocks 18 113* 11 283* 15 M 153* "4" 43* 163* 3* 183* 303* 45 Leased lines (guar). M A5/* 60 " 17 43* 453* Internat Rys (Cent Am) 38 65 69 25M 793* 43* 5% 62" 58 93* 47 51 "53* . 103" 99 47 betterment stk. 49 40 !!!! 54 Mahoning Coal RR 5<i Pref (guar N Y Central)— 543* 153* 380 50 ...100 Mine Hill & Minneapolis St P & S 8 M 7% non-cum preferred Schuyl Hav(gu)„50 $ Mississippi Central Mo-Kan-Texas RR 19 12 com 7% preferred series A Missouri Pacific com 5% conv preferred.. 100 -100 ..100 100 ... * 100 ..100 J Quotations represent dollars per $100 face amount. b Basis. U/XUU (guar) 100 iioo 5% •» — 35 3* 3* 3* 13* 13* 73* 3* 13* non-cum pref 14 45 69 143 1153* 7abash «.«» 6 5% non-cum conv 7are River pref B—100 !B 100 60 27 % 3* 23* 50 50 7estern Maryland Ry com..100 1st preferred 100 4% non-cum 2d pref 100 2 Western Pacific RR 73* 6% non-cum preferred.....100 Theeling 9c Lake Erie Ry 100 37" H (guar) Tarren N J (guar D L 9c W). 7est Jersey & Seashore (gu). 1 Corp....100 4% prior lien. 13* 5 M % cum preferred 45 863* (guar)...100 Irginian Ry common.......100 6% cum preferred .......100 Ry.............. 100 5% non-cum preferred A... 100 133* 70 3* 2 75 73 40 128 60 373* 2 3* v*/ Preferred 800 3 Preferred 2K VJVVP "53* 650 6M 60c preferred..—! 100 410 5 12 4% leased line ctfs non-cum 17 60 Michigan Central (guar) 63* 241 52 33 Louis & Mo Riv pr 8 145 102 4% 70 Preferred (guar). 34 19 .100 50 65 Lykens Valley RR & Coal (gu)_20 23* ... ' 2M 13* 13* IK (guar D L & W) 50 yracuse Bing & N Y (gu)—.100 ennessee Central.......... Preferred 100 ussex 10 Preferred Lexington Union StationPreferred (guar) 1 Ittie Miami original guar... „ 100 preferred 36 60 183* 150 gu*r non-cum Mob & Ohio stk tr ctfs (gu) .100 "93* l8^ Spec 183* 2\y* 30 33 38 IS* 83 .100 46 70 Kal Allegan & Gr Rap (gu).. K O St L & Ohlc—Pref (gu).. 43* 67"" 6M 13* Ex-dividend. 20 30 30 40 13* Mobile & Birmingham— 4% non-cum pref (guar)...100 x 38 .—100 3 27 M 17 9 3* 105 38 10 50 136 123* 50 159" 3* 10 2 13* 30 J4 % 111 Cent stk ctf 1952..1000 68 155 253* 100 100 4% non-cum 1st pref 50 4% non-cum 2d pref 50 —ensselaer 9c Saratoga (guar).100 Rich Fred 9c Potom—com 100 Dividend obligations......100 6% guaranteed... ..—100 7% guaranteed. 100 60 Genesee & Wyoming Georgia RR & Bank Co (gu). Georgla Sou & Fla common... 1st preferred 40 Common (guar) Reading Oo 48 82 25 23* 57 70 17 55 153* 35 100 853* 123* 57 56 35 Augusta & Savannah (guar)-.lOO Avon Gen 9c Mt Morris (gu)_100 Bait & Cumberland 7% gu. 50 Baltimore 9c Ohio common 100 common 183 109 147 75 68 43 — 25 Unstamped— 1st pref 5% class A.....100 1st pref 8% class B_. 100 1st pref 7% class C 100 1st pref 10% class D 100 1st pref 4 M % class E 100 6% non-cum preferred 100 7% prior preferred. 100 Stamped— 3* 33* 46 85 Erie & Kalamazoo (guar) 9M 3M 63* 53* Atlantic Coast L Co of Conn..50 Atlantic Coast L RR com 100 72 80 573* 46 13* . 25 4% non-cum pref 100 Bangor & Aroostook com 50 6% conv preferred 100 Beech Creek (guar N Y O) 50 Belgian Nat Rys Oo— American shares partlc pref— Boston & Alb (guar N Y (J)..100 117 110 68" 4 10 K 20 63* m 23 M 1 2 193* 2034 343* 64 Preferred 40 62 20 96 42 100 Atlanta & West Point 233* Youngs town & Ashtabula— 56 8* 42 39 64 121 12M 1036 60 100 35 East Mahanoy (guar). 68 35 ... ittsburgh & West Virginia Duluth South Shore & Atl— 130 233* 7% 47 41 70 .100 100 5% preferred.. 100 5% prior preferred.. 100 Peterborough (guar) 100 Phila Germ & Norris (guar).. 50 Phila & Trenton (gu Pa RR).100 edmont 9c Northern * jh Bess 9c Lake Erie (guar) 50 Preferred (guar) 50 Pitts Gin Chic & St Louis (gu) .100 Pitts Ft W & Chic com (gu)—100 7 % pref (guar Pa RR) —100 Detroit Hillsdale and 65 125 Nominal, 5K 86 145 143* 283* 100 Albany & Susquehanna (gu)—100 Albany & Vermont (guar) .100 Alleghany Corp common * 53* % pref (with $30 warr)_10O 5M % pref (with $40 warr)_100 5M % pref (without warr) 100 2 M % prior conv pref * Allegheny 9c West (6% guar) .100 Atchison & Eastern Bridge 100 Atchison Topeka & Santa Fe.100 5% non-cum pref 100 Atlanta Birm & Coast pf (gu).100 Atlan & Char Aylr L (guar) 100 n Peoria & Eastern Pere Marquette Ry com 38 1 35 ... 70 3 Great Northern Ry— A1 Great Southern com Preferred Alabama & Vicksburg (gu) No par value. Pemigewasset Valley (guar)..100 Pennsylvania RR 50 Pennroad Corp v t c 1 Peoria & Bureau Val (guar)..100 35" 30 66 Cuba RR 6% non-cum pref. 5 Paterson 9c Hudson River (gu)-50 Paterson & Ramapo (guar).. 60 73* 23* 1103* M 8 73* 53* 50 50 50 Passaic & Del Exten (guar)..100 101 Columbus & Xenia (guar)-.. Concord & Portsmouth (gu). 193* RAILROAD STOCKS * — Pennsylvania (guar) Oswego & Syrac (gu D L & W) Passaic & Delaware (guar).. 63* 2 1934 8M 143* 31 1083* pref (gu)._...l Cleve & Pitts (gu Pa RR) 7%. 84 M North Northern Cent (guar Pa RR). 50 Northern Pacific Ry 100 ^hern RR of N H (guar) L ;hern RRof N J (guar) li ivich 9c Worcester pf (gu)_106 Ogden Mine RR (gu On N J). 100 Old Colony (gu NYNH&H)—100 Ontario 9c Quebec (guar) 100 325 36 .100 ...100 o 90 280 111 107 conv ...100 Adjust 4% non-cum pref 100 Carolina (guar Sou RR)_.100 13* 1-3* 85 Preferred Oin New Orl 84 89 Norfolk Southern Norfolk & Western Ry Inter-Terminal— CInn !nn 51 preferred N Y Ontario & Western— 3* 13* 2 353* 100 100 7% 1 J4 ..... 50 50 100 com 3* . 26 3* 102 100 100 N Y New Haven 9c Hartf 40 7% preferred 6% preferred Y & Harlem ♦ (gu) 10% non-cum pref (gu) N Y Lack & West (guar) 3* 3* Common 107 M 107 M 30 N Y Chic & St Louis com.. 6% preferred series A 3 23* •N 13* 90 19 19 New York Central RR Chic, Milw St P & Pacific— 38 .100 3* 23* 3* 23* 3* lOM 7 25 25 25 3* lOM 16" Nashville & Decatur— Original (guar L & N) Newark 9c BlOomfield (guar)..50 New London Northern (gu) 100 New Orleans Great Northern.100 New Orl Texas & Mexico 100 46" 43 10 Bid 10 UnstampedJguar L & N) Nashv Chatt'& St Louis 60 Goshen & Deckertown (guar). k Last sale, 83* 88 ... Boston & Maine 44 37 19 V M&N 44 22 37 3* 90 44 1st guar g 6s 1942 J&D 8; Willamette Val Southern Ry— 6s 1939 F&A f 16 Wilmington & Newborn 1st gold 4s 1947 70 F&A 93 Wilmington & Nor 4M« '77.-J&D 90 Wilmington Ry Bdge 6s '43.A&0 Winston-Salem Southbound— 1st gold guar 4s I960......J&J U0H Winston-Salem Term 6s '66.A&0 Wisconsin Central Ry— 1st gen g 4s 1949 ..J&J Certificates of deposit 1st & ref 4s 1959 3 A&O 5 Sup & Dul Div 4s 1936— .M&N Certificates of deposit 4% Mirshfield & S'eastern div 4s 1951.. Montgomery & Erie (guar) 23" 16 Par Morris & Essex (guar) 50 Morris & Essex Exten (guar) .100 Mt Carbon & Pt Carbon (gu)._50 Nashua & Lowell (guar) .100 5 85 20 383* 4.75 Equipment trust 6s Western Pocahontas 4Mb 1945— d Western Ry of Ala 4 Mb *58.-A&O 85 Wheeling & Lake Erie RR— Ref mtge. 4s ser D 1966—M&S 104 M 1st consol gold 4s 1949...M&S 1093* 102 M Wheeling Term 4s 1940 F&A White & Black River Valley— 1st Be 1980 3 J&J Wichita Falls & Southern— 1st 5s extended 1948 25 J&J Wichita Union Terminal Ry 1st g gu 4 104 M 1941 opt M&N Wllkes Barre & Eastern— Worcester 9c Conn Eastern Ry— 1st gold 1943 —J&J Yonkers Ry see "P U" bonds— Yosemlts Yalta f g 5s 1936—J&J 49 223* 2.00 Equipment trust 4 Ms West N Y & Penna 4s 1943. A&O Western Pacific RR Corp— 1st M 6s 1946 series A .M&S Assented 6s 1946 Mobile 9c Ohio—See Southern Ry 73* 50 M 17 Mar 1 1948 Q-Mar Washington Co Ry 1st g guar 33*s Jan 1964 opt 1924 J&J Washington & Franklin Ry— 1st extend 43*s 1954 J&J Wash Term Co—3Ms 1945..F&A 1st gold 4s 1945 guar F&A Washington & Vandemere— 1st 43*s 1947 F&A Stocks 30 18 Washington Central Ry 1st Ask 26 373* 43* 81 41 41 > 44 2d gold 6s 1939 —F&A Deb mtge 6s series B 1939. J&J 1st lien term gold 4s 1964.J&J Bid r Par Stocks Wabash Railroad Oo— 50 1 d Redeemed Feb. 1st. .......l6o ... IOC1 563* 33* 40 63* „ 3* Ay* 50/ 55 723* 26 / This price includes accrued interest. NOTICE—All marked "f and income and defaulted bonds of the month preceding the date of issue bond prices are "and interest" except where Quotations for all securities are as near as possible for the closing day Stocks and Bonds Bid Par Ask Per 13.01 3.96 Administered Fund 2d lnc—, Affiliated Fund com 1.25 Sec conv deb 5s 1944-47—J&J Oonv deb 5s 1948 J&J Sec conv deb 4Mb 1949—J&J Air Investors lnc * Stocks and Bonds Per 13.84 Convertible preferred—.——-* Warrants Aldred Invest Trust (Mass)-Deb 4Mb with com shs 1967-— Aldred Investment Corp (Can)— Deb 4Ms with com shs 1968—- 40 k 5M ». 27.96 loo 0_ $3 36 F 8.25 10c __10c 2.41 2.67 3.23 3.59 p ixed Trust Shares series A—10 Series B 20 7.39 E 47 M 6 4.30 Capital Corp A.. 3M 3234 30 18.45 1 .1 Me 21M 23 F 69 M 77 19.95 F 3234 30M 134 34 Class B 2 2 4 5N G eneral 8 Deb 5s Feb 1 8 34 G eneral 434 434 Investment Corp. "§H 100 M 100 N 31.74 G 102 5.88 4.64 Investors—* * 1952 F&A American $6 preferred 102 5.23 2 * Class A 33 M 103 X 100M 34.13 60* so* $6 preferred 27 3034 G 5.08 5.53 38 55c C IN 19 28N 5M $6 preferred 134 1834 2634 $2M preferre 31 33 49c $2 preferred. 2734 G Pref allot ctf 25% 14 17 5 Amer Investment 30 M (111). 2634 5 if Atlantic Secur 4Ms A 1953. Option warrants. Bankers Nat Investing- 36M 13 834 45 M % 534 £ Chemical Shares 8 19 234 IN Boston Personal Prop Trust.... British Type Investors Broad St. Invest Co Inc....... 17.42 1134 - 16c « 1634 l 94 4.00 96 1 [ 75 77 I 1 634 3934 • — 74 I > Canadian Invest. Fund. 4.35 e34 J* 1 * ) Nat 29 2 sorated Central States Elec Corp. 42 M 78 : 12 * 23.50 10.21 11.05 IN 36M 2 ♦ ♦ 22.0C 134 54 10^ 0 Securities o 0 0 J 40 54 N 107 N 10334 10234 5734 0 Commercial Credit common. 0 0 D 234% « $4.25 conv ♦ 107 J& J 106 preferred Debenture 3 His 1951 Investment 1 Preferred Consolidated 3.62 1 Commonwealth New 25.27 1 Chicago Corporation.. Convertible preferre Christiana 4N 60c 1934 26M 1 Invest Trust com. 1 1( 0 Debenture 5s May 1 1942... ./ Continental 18 1939-42—M&N Equity common i $3 convertible pref A 4s coll tr CCC 1( o, 8/ 1 AA. 1 1 AA (modified). 1 0 0 0 o ♦ Delaware Fund. 60 lvestors _ x lx 1 ...— 1 . 34 "N 15 M 53 56" 12.12 N M 18 25 26 22 N 2.4' 2.3< 2.3< 2.82 2.82 2534 115 3134 in 16.41 ' 27.07 29.69 22.93 25.12 14.95 16.47 Series K-l. 14.98 Series K-2. 3.94 75c Series S-2. Series S-3 20M Series S-4. 11.46 15.06 13.52 5.04 16.47 12.73 28 S f coll 4Ms series A 17.83 1.44 1st New Agricultural Automobile Aviation 96 30 Bank Howard Management 18.1,5 101 York Stocks, 92 1 m 1.38 13.31 7,96 stocks 10.44 8.05 8.41 1 Quotations not furnished by sponsor or issuer. 100 23 34 6.33 J* 41 3.40 3.50 5134 5134 1952 .1 134 9.55 4.38 i"o".4i 61 7M e'fi 63 M 64 34 1034 1034 80 M&8 Solvay Amer Corp 5M% pref. 100 Sovereign Invest. Inc., com 10c Spanish & Gen Corp Ltd— Am dep rets ord reg £1 Amer dep rets ord bearer—£1 Spencer Trask Fund lnc 100 d* 80 11134 71c 112 79c 34 16.49 3.50 Corp com..* di $5.50 preferred w w * Deb 5 Ms 1939 F&A 15 Standard Utilities lnc 50c ♦State St Investment Corp * Suburban Elec. Securities —.* 34 17.47 3.60 nH 93 H 94 64c 69c 81 8334 80c 88c 45 M Jan. 12 2d preferred -—* Super Corp of Amer class A...2 3.60 2.47 3.77 1 Investors 6% cum 6.96 * preferred Warrants 5s conv deb 1953 J&J Trusteed Amer Bank Shares B 25c Trusteed Industry Shares 25c Trustee N Y Bank Shares 50c Trustee Stand Invest ser C_.—1 Class D_ 1 Trustee Standard Oil shares A..1 Series B Union Investment common.. * Conv deb 5s 1946 M&S United N Y Bank Shares C3—-* _ U S Elec Light & Pow tr ctf 106 56c 9.10 8.76 e f Flat price, 1.08 1.20 1.25 2.54 2.48 5.62 5.22 3 _. 434 99 1M 16M A..* 2.37 Western Reserve Investing—_ Deb 5 Ms 1944. F&A Wisconsin Bankshares * Ex-coupons, 108* 62c 98c 1.05 Voting shares 14.34 U S & Foreign Securities com..* 5c $6 1st preferred * 8 U. S. & International Sec——* 1st pref with warrants...—.* 8M Utility Equities Corp.... —5 8.61 $5.50 priority stock * 6.02 Utility & Industrial Corp....—5 11.28 Convertible preferred———.7 8.71 Wellington Fund 1 10.33 J Called April 1 at 10134. 43 234 14 Trust ctfs series B 9.56 value. 38 1.53 8.10 No par 40c 36 M&S , 5 Insurance * u* 20c 2834 Building supplies Electrical equipment 19.50 60 7* ....* 1942 cum 33c 57 90 4Mb Mar 1 10.74 30c 11.25 3,87 5.55 .......... 10.28 1 Tri-Contlnental Corp. 15 Inc.— ............ 6M 1942 Allotment certificates Shawmut Association $4 1134 -26* 1 preferred Securities Co of New Jersey— 12.31 Feb."-9 10 conv 15.69 102 6.96 8.00 22 M 5.95 ... 101M 10M 10534 50 100 Second Nat Inv Corp Com... Third National 26 100 100 preferred 2d preferred M Jan. 21 14.67 11.24 27M 334 85 M 3 25 12.80 — 6.60 .* N Commercial 5% preferred Second Carey Trust 1 634 10034 10.35 11.71 100 634 100 1 1 10 pref stamped * Nat Trust Shares Remodified—1 Nation W ide Securities Co—25c Voting shares New England Fund 1 New York Investors common—* 22 — Preferred * Representative Trust Shares 10 Republic Investors Fund Reynolds Invest 5s 1948 A&O Common stock 1 $0 preferred * Royalties Management A......1 ♦Schoellkopf Hutton and Pomeroy lnc common....-10c . March 54c 3 23.32 conv 3.8' 94 Pub Util Sec $7 partic pref 6s series 4 Nov 534 48c 3 21.69 5% preferred ser A w w Nat Bond & Share Corp 534 1134 9334 24 96 ♦Putnam $5 11* * Util Seaboard 4 11M 10c Supervised Shares itional Bond & Invest com—♦ 2.61 Af 10 1434 .2 6.41 3334 14 M 7V* Class D Massachusetts Investors Trust..1 2734 97 M Class O 4% 5.80 utual Investment Trust 5* Class B 34 5 10c Maryland Fund lnc 2M 5M 15.00 5.65 1942.A&O t 100 X -larine Midland Corp.. 1.41 i 3.01 ;: 1st coll 4s series A 1952—J& ;J Eas Util Invest Deb5sl954 M&S ] Lfi/ • .. 8M 106 104 Class A A 25 M 834 N 834 104 16.67 34 20 1.3' t Pub Standard Investing Series B-3. 5.91 Phoenix Sec Corp $3 conv pref class A Plymouth Fund lnc Prudential Investors $6 preferred Standard Amer Trust Shares Series B-l. Series B-2_ Lawyers Mtge Inv (Boston)— 1st 5 Ms series B 1940 M&S 3134 97 2.34 2.86 2.81 2.58 Pacific Finance Corp (Calif) 10 Pacific Investing Deb 5s 1948 J&J Pacific Southern Invest pref * Class A.. ..* Class B ♦ 5s 9934 25 - 2834 Shawmut Bank Inv Trust— 10134 11134 106M >c Dividend 99 M 101 4 102 N 58 M 1 >0 Fx-dividend. 7% 434 Preferred 104 35 1 7M 434 Preferred 55 Diversified Trustee Shares x Royalty 42 4.9! .1 ♦ ' 634 95 M 30 ....10 .10 Com..* Colony Invest Trust Debenture 4Ms Feb 1 1947... Debenture 4Mb Dec 15 1952... Old Colony Trust Assoc .* Overseas Securities Co * Deb 5s April 1 1948 A&O Dec?H 48 M Securities Corp General com * $6 preferred * 4M ISelected Amer Shares Inc..-.2M 7M Selected Income Shares 1 6/d Selected Industries com * 4M $5.50 prior stock ...25 134 Convertible stock 5 7.25 1 Fund A-l 1.17 6M 15c 1.48 17 M 11.36 37 M 22.50 137 Shares ♦9% preferred Eaton & 1.07 iterstate 1 preferred common. 4 Ms coll tr AAA 1939-43--A&O1 5s coll tr BBB 1944-51 A&O Continental Secur Corp— 6% Old 97 83 M 1 Preferred Oklahoma County Trust Oklahoma Southern Trust 9.46 96 M 1 1958 1 Northwest Bancorporation * Ohio Finance conv 5s 1951..F&A Deb 6 Ms w w 1944 M&N Oils & Industries com ..1 6 34 Deb g Me 4 100 North American Trust Shares— 1953 * IN I 3 0 Chemical Fund ~3~34 f 5s Jan 1949 F&A Deb g 6s 1940 B with war..J&J ] isuranshares Co of Delaware--1 lsuranshares (Md) ctfs lnc 1 5M 4N 4M D 19.13 2.18 1.35 : Bank Group shares Insurance Group Shares. N ] 534, 0 Conv preferred Conv pref series of 1929. 17.79 5 Investors { 32 I 11 4M 0 95 X .100 preferred 2M 7 N I 4J4 i ] 95 * * ♦Central 50c 7M 1X 334 1st ] Carey Trust. 50 20c $0 1st preferred* $3 2nd preferred —* Debenture 5s series A..—1948 if Bullock Fund Ltd Canadian Internat Inv Trust— M 6M X 48 3* ( 31c 90c 22 * Preferred 27.52 5.65 40c C 12 25.73 1434 \ 6.65 5.19 Tobacco Shares 334 1M 3934 16.20 Boston Fund lnc 4.76 Equip Shares, 100 4.71 4.10 5.51 6.64 Steel Shares 3834 ) 4.80 Railroad 6M 3.76 Petroleum Shares 1 4.32 Investing Shares Merchandising Shares.. Mining Shares J&D Investing 5s 1948.A&O * (Geo) Fund Quarterly!ncome Shares 10c 5% deb *) ries A 1942 M&N 6.00 Railw y & Light Securities com. * 7.22 Conv coil 4 Me ser "ll" '55 A&O 5.23 Railway & Util Invest A 1 5.19 3M% preferred. * 7.24 Reliance Internat Corp com A 10c 8.15 7.12 6.54 Food Shares 46 5.49 8.89 7.49 Building Shares... 834 6.16 5.66 5.04 8.18 Aviation Shares 3.67 Blue Ridge Corp common. 7234 7034 A&O Automobile Shares 15 5 Corp 4Mb 1959 Agricultural Shares.. 96 M 100N 534 15 Blair & Co 64 G 96 95 10034 pref—* c ment 95 6% preferred ex-warr. 1st c 29 3534 Jan. 26 Warrants. 1951 6% preferred 5M% preferred F Common with warrants Common ex-warrants 8.75 North American Bond Trust Otfti, North Amer Invest Corp com.100 4s 9.35 9.74 8.92 9.13 8.44 . Class B common........ 5 Class A preferred.. ....100 Normandie Nat Sec pref 4.60 313* F 3.83 2M 34 8.65 9.01 8.25 .. Railroad equipment.- Collateral 6.71 F Ask share ■(Concluded) —. Niagara Share Corp (Md)— Conv deb 5 Ms 1950— M&N 9.91 7.84 Insurance stock series Bid Per Steel stocks 21.70 1834 Par Machinery 28 17 34 7.45 [seal Fund, Inc.— Bank stock series Bonds ana Metals Oils % N 27 2 34 20.16 1 101 3.47 $5.50 prior pref - preferred F Shares. Class B. nonv F 50 9834 534 Amer warr...— a 22 Amer Business pref with h: 2 18 134 IN 34 Feb. 2 10M 34 1956 29.74 101M conv Stocks N. Y. Stocks, Inc.- 8034 6X $6 9 $3 convertible preferred-.—.. 2% 78 E 43 45 share 2% E 4.38 99 M 10034 99 M 134 1634 N As* Bid Par share 934 84 M 64 1M 51M Me , 134 14.04 102 k Last sale, 534 n 534 Nominal. 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 Bid Bonds Adriatic Electric Oo (Italy)— Extl s f 7s 1952 A&O Ala Gas Oo 1st M 4%s 1951.F&A Alabama Power 1st os 60% 96 I 1st & ref 5s 1951 1st & ref 5s 1956 1st & ref 4Kb 1967 1st & ref 5s 1968 J&J —M&N J&D 104% 102% 95% M&S Alabama Water Service Oo— 1st M 5s 1957 ser A. J&J 100 99* Allegheny Gas Oorp 6%s ctfs '43 66* 106% 104% 103% 95% 100% 100% J&J 71 96 73 Amer Commonwealths Power— Deb g 6s 1952 ser A F&A / M&N / M&S / Deb g 5%s 1953 Oonv deb 6s 1940. Am Community Power— % % % 5 Ha Certificates of deposit 1953 / Amer Elec Pow deb 6s '57 M&S15 / Amer & Foreign Power Co- Debenture 4%s 1963— % % % 4% 12 WA A&O 56% 12 108% 43% 48 M&N J&D Amer Telep & Teleg— Deb 5 Ha Nov 1 1943 25-year deb 3%s 1961 30-year deb 3 Ma 1966 Baltimore Transit Deb 4s series A Deb 5s series A Deb 5s series B 59 111 % 5s American Toll Bridge— 5%s series D, 1945 F&A Amer Util Service 6s 1964--M&N 102% 103% Amer Water Works & Electric— Deb 6s 1975 ser A__ M&N Deb 5s 1975 ser B —J&D 105% 96 107% 80 106% 98 Ana&Pot R RR-See WashRy&El Anchorage Lt & Pow 7-5s'43 F&A 69% Androscoggin & Kennebec Ry— 1st 6s 1940 42 —M&S Androscoggin W Pow 6s '45-F&A / 36 H Appalachian Elec Power— 1st mtge 4s 1963 109% .—F&A S f deb 4Ha 1948 106 % —F&A 120 Appalachian Power 6s 2024 J&J Ardmore St Ry"—See Phila Co Arizona Ed 1st 5s 1948 .J&J 97% 1st 6s 1945.Income 5s 1960 Income 6s 1960 Arizona Power 5s 1950 A&O J&J / 1st & ref 4%s 1950— F&A Ark Louisiana Gas 4s 1951—J&J Arkansas & Missouri Power Corn 5s series A 1957— -J&J Arkansas P & L 1st 5s 1956.A&0 Arkansas Western Gas Co— 1st s f 6s ser A 1953 A&O Ashl'd Home Tel 4 Ha A 1961 A&O Ashtabula Wat Wks 5s 1958.A&0 Assoc Elect 4 %s .J&J J&J 1953. 5s Jan 1 1961 Associated Gas & Elec Co— Conv deb 5 Ha 1977 F&A Conv deb 5s 1965 M&N ... 104% 43 3 5H 32% 32 1st g 5s 1955 ser A 1st g 5s 1957 ser B 1st mtge 5s 1960ser 1955 1st 6H 6H 6H H 31H 29 28 H 44 36% I* 7% 7% 7% 95 70% 63% 59 35% 31% 29% 29% 56 60 39 129 H 129% 103 107 104% 109% 124% 126 95% 82 % 40 30 28 95% 83 101 105 % 111 112 109% 110% 1st 4%s series B 1961 99 99% J&D 108% 77 101% Coll trust 3s 1939 Coll trust 3s 1940---— M&N M&N Coll trust 3s 1941 .M&N Coll tr series 3 %s 1942—M&N Coll trust ser 3 %s 1943—M&N Coll trust Coll trust Coll trust ser ser 3%s 1944..M&N 3%s 1945.-M&N 3%s 1946..M&N ser 3%s 1947 M&N ser 3%s 1948—M&N Coll trust ser 3%s 1949.-M&N Coll trust ser 3%s 1950—M&N Coll trust series 3 %s 1951 M &N Brooklyn City & Newtown RR— ser Coll trust Coll trust _ 1939 —J&J 50% 107 % Buffalo General Electric— Gen & ref 4%s 1981 Buffalo Niagara Electric— 104% 113% 114 108% 82 79% 79% 79% 79% 79% 79% 79% 79% 79% 43 81% J&D J&D 40 88 86 39 * Called April 1 at 103. 6 Basis. / This price includes accrued interest, 107% 104 100% 3.25% 4.00% 102 102 108% 102% 102% 102% 30 108 103 35 109% 103% 101 100% Cent Pub Serv Corp— Oonv deb 5%s *49 ...F&A / Cent Public Util.(ws)inc5%s_1952 / Central States Edison. Inc— 1st coll inc 3-5s 1950 M&S / Central States Elec Corp— Oonv deb 5s 1948 J&J M&S 15 Cent States Pow & Lt Corp— 1st M & 1st lien 5%s 1953.J&J 89% 101% 1% 1% 68 43% 43% 45 44% 66 66% 42 _J&J 1938.J&J / Telep (Del) 6s 1938 M&N f Cent Vermont Public Serv Corp 1st mtge 3%s ser B 1966—F&A - 44 2 13% 104% 4 105% 78% — Charleston Cons Ry Gas & El Consol gold 5s 1999 M&S Charleston Transit Co— 1st 5s 1942 M&S Gen & adj 5s 1952 Coll trust 5s notes 1942 101 75 80 M&S / 50 55 M&S 78 82 Chattanooga Ry & Light— 1st & ref g 5s 1956 op '16.M&N Chatt Rys 1st cons 5s '56.M&N 97 90 Chester Water Service Co— 1st 4%8 1958 series A 105 M&S Chic Aurora & Elgin RR— 1st & ref 6s 1951 J&J f 3% Chicago City & Connecting Ry Coll tr s f g 5s Jan 1,1927.A&O / Chicago City Ry— 1st 5s (15% paid) 1927—F&A Chic North Shore & Milw RR1st mtge gold 5s 1936 J&J / 1st & ref 6s 1955 ser A. J&J / 1st & ref 5%s 1956—.A&O / Chicago Railways Co— 1st 5s 1927 stpd as to 25% pt red and pay Aug 1,1938--F&A / Certificates of deposit / Cons M 58 ser A Feb '27..A&O Series B Feb, 1927 —J&D 6 50% 2 1 100% 95 4% 6% 51% 3 1% 1% 50% 50% 8% 60 51% 9 4 4% 6 6 6% 6% % % 6% 6% 7% 7% 1% J&J 6 6% 106 107 108% 110% 108% Chicago Rapid Transit Co— 1st & ref 6%s 1944 J&J / Certificates of deposit.. / 107% 106% 98% 81% Adjust deb 6s July, 1963 J&J Certificate of deposit. Chicago & West Towns Rys— .... cum inc 5s 1937 Cincinnati Gas & Electric— 1st mtge 3%s 1966 F&A 1st mtge 3 %s 1967 J&D Cin Newport & Cov L & T— 1st ref 6s 1947 series A....J&J 100% 1% 78 82 75 78% 81 Cincinnati Street Ry— 1st 5%s ser A 1952 1st 6s 1955 ser B 110 118 105% Butte El & P 1st s f 5s 1951 J&D 115 Cairo Bridge 1st inc 6 %s '58-J&J / 55% J&D A&O 1st & gen M 3%s ser H '66.F&A 1st & gen M ser J 1968 J&D Cent Mexico Lt & Pow 1st s f 6s 1940 J&J Buffalo Traction— See International Ry L 100 " 101 f 5s 1964 103% 101 1st & ref 6s 1953 ser A —J&J Certificates of deposit.., 100 3%s deb O 1948-1952—J&D Buff & Niag Falls El L & Power 1st gold 5s 1942 ...F&A s 108% 109% M&S " 111; 2s deb A 1939-1942 3s deb B 1943-1947 1st 79 25 110% / 65 108% Calgary Power 1st 5s I960—A&O 78 104 Central Indiana Power Co— 7lst & ref 6s 1947 ser A J&J entral Kansas Pr 6s 1946 entral Maine Power— 1st & gen 4s ser G 1960 94% 102% 84% Chippewa Power 6s 1947...J&D 106 98 Gen&refM3%sserO '67-J&D Burlington (Vt) G L 5s 1955—J&J Butler water 5s 1957 A .A&O 93% 84 103 102 100% 3%% ser debs 1939-1943—J&D 61.50 to 4%/Serial debs 1944-1948—J&D 63.50 to 89 Cent-Indiana Gas 5s 1957 M&S 1st F&A 81 1st & ref 6s 1952— J&D Cent Illinois Light 3 %s '66- A&O Central Illinois Public Service— 1st mtge 3%s ser A 1968—J&D 70 87" Brooklyn Queens Co & Sub— 1st m g 5s 1941 (stpd) J&J 41 % 1st con 5s July '41 (stp) M&N f 37 Bklyn Un Elev 5s 1950. F&A 87 Kings Co El 1st 4s 1949—.F&A 84 % Nassau Elec 1st g 4s 1951.. J&J 36 Bklyn Un Elev—See Bklyn Queens Bklyn Un Gas 1st cons5sg'45M&N 107 1st lien & ref 6s *47 ser A.-M&N 1st I ien & ref 5s ser B 1957 M&N Deb 5s 1950 —J&D 90% 82 79 77% 104 Cedar Rap Mfg & P 5s '53—J&J Cent Ark Pub Serv Corp— 1st & colltr 5s 1948 ser A—F&A Central Elec of N J 5s 1940—J&J Cent El & Tel 1st 5s scr A *55 J&J Central Gas & Elec 6s 1946-M&S First lien coll tr 5%s '46--J&D Central German Pow 6s '34-J&D / Cent Hud Gas & Elec Corp— 1st & ref 5s 1941 —J&D 1st & ref 3%s 1965 —M&S Cent Ills Elec & Gas Co—— 1st & ref 5s 1951— F&A 5%s 1956- 78 77% 77% 93% 102 Central West Public Service— 77 % 99% 78 77 % 77% 77% 77% 77% 77% 64 92% 100% M&S '56J&J Carolina P & L 1st 5s 1956—A&O Cent 118 106 104 104% 105 Debenture 5s 1944 Cent States Utilities 6s 106% 89% 55 103 104% 101% -M&S / 6%s 1951 Deb 5%s 1954 109% 19% i * Central N Y Power Oorp— Gen mtge 3%e 1962--A&O Cent Ohio L & P 1st 5s 1950-A&O Conv sec 4 %s 1940J&D Cent Pow 1st 5s 1957, ser D.J&J Cent Pow & Lt 1st 5s 1956 F&A 104% 116 104 105% Cape & Vine'd El 4s A '65—J&J Capital Traction (Wash, D C) 1st g 5s June 1, 1947 J&D 28 80 97 98 f; 54 - 107 % 5s 71% 39 39 99% 98 75 British Colum Tel 5s 1960—J&D - 70 H 76 39 39 39 105% 104% 106 % 108% 109% 119 Broad River Power Co— 50 M&N Term 103 % 1st & ref 5s 1954 ser A M&S Bway & 7th Ave—See N Y Rys Bklyn Borough Gas 5s 1967.F&A Bklyn City RR 1st 5s 1941—.J&J Brooklyn Edison Co—■ Consol mtge 3 %s 1966- .M&N Bklyn-Manhattan Transit Corp Coll trust 4 %s 1966 M&N 55 107 H Canadian Utilities Ltd— 1st mtge 5s ser A 1955 Canadian West Telep 5%s 117% Bloomington Dec & Champagne 1st & ref 5s 1940—a M&N Bolivian Power 8s ser A *45-A&O Boston Elevated Ry— Deb g 4 %s Nov 1,1941 -M&N Deb g 5s Dec 1942 J&D West End St 5s 1944 M&S 7s Sept 1947 M&S Brandenburg (Germany) El Pr— Extl 1st s f 6s 1953. M&N / Bridgeport Gas Lt 4s 1952—J&J| Brith Colum Pow 4%s 1960.M&S - 53% 58% 57 34 87 117 % 131% 70 A&O Ry—See P S Corp 103% 104% ■11 Canadian Rail & Harbor—■ Bleecker St&FulFy-See NY Rys 28 M&N M&S M&S 99% 104 25 . Gen mtge 4%s Birmingham Elec 4%s 1968.M&S Birmingham Gas 1st 5s '59.M&N 6% notes extended 1938—A&O Birmingham Water Works Co— 1st m 5%s 1954 ser A A&O 105" 31H 30 H A&O Certificates of deposit Athens (Ga) Ry & Electric— 1st & ref s f g 5s 1950 J&J Atl Cons St RR—See Ga Ry & El Atlanta Gas L 5s g 1947 J&D J&J m 5s 1954 ser B.— J&D 1st mtge 5s 1957 ser C F&A Blackstone Val Gas & Elec— M & coll tr 48ser O '65 M&N 27 25 62 H 58 A&O 54 29 Oonv deb 5s 1973 ....J&D Oonv deb 4%s 1973 J&D Oonv deb 4s 1973 M&S Income deb 4%s 1978—..F&A 2-yr 6% notes 1933 52% 30 H 31 93 H 69 A 98% Bergen Turnpike 5s 1951 109% 123% 125% 96% 107 ^ - 22% 106 2 103 Berkshire Street Ry— & 1st extend 6s 1947 J&D ^35 Berlin City Elect 6 %s 1951 -. J&D / 27 % Sink fund deb 6%s 1959—F&A / 25% Deb 6s Apr 1,1955 -A&O / 24 Berlin Elec Elev & Underg Rys— 1st mtge s f 6%s 1956 A&O f 27 Blddefora & Saco Water— 4s series O 1956F&A 101 „ 8s ex-warrants 1940 —..M&S Conv deb 5 Ha 1973 F&A ser 122 M&S -J&D C——M&N Bell Telep Co of Pennsylvania— 1st & ref 5s 1948 ser B J&J 1st & ref 5s 1960 ser C A&O Bellows Falls Hydro-Elec Corp— 1st mtge 5s 1958 —A&O 35 8 f inc deb 4-5s D 1986 M&S Oonv A 5s 2002.. Q-F Conv A 6s 2002... Q-M Conv A 7s 2002 —Q-F Associated Gas & Elec Corp— 1955 107 28 H 8 f inc deb 5-6s B 1986—M&S 8 f Inc deb 4 H-5 Ha O '86.M&N Deb 5 Ha 109% 94 101% 102% 53% 57% . Assoc Telep Util deb 5s 1942A&O Certificates of deposit Oonv deb 6s 1941 —M&S Certificates of deposit. Conv deb 5%s 1944 ser O.M&N Certificates of deposit. / Mtge&Colltr 3 %sser D'68 J&D 98 103% 8 f Inc deb 5s B 1983—I..M&S 8 f inc deb 4 %s O 1983. -M&S 8 fine deb 4s D 1983 M&S 8 fine deb 5%-6%s A 1986 F&A Income deb 3 Ha 1978 Assoc General Utilities— Income debs w w 5s 1956-M&N Income deb 4s 1961-.....M&N Associated Pub Utilities Oorp— 1st lien 5s 1947 ser A J&J Deb 6s series A 1958 M&N Associated Telep Oo Ltd— 1st M 4s series B 1965 J&J Associated Telep & Teleg Oo— 38% 104 Conv deb 5s I960 F&A Oonv deb 4 Ha 1949 -J&J Conv deb 4 Ha 1948—M&S Cons ref deb 5s 1968— A&O Cons ref deb 4 Ha 1958...M&N 8 fine deb 5 Ha A 1983\— F&A Income deb 4s 1978 Income deb 3%s 1978 45 99 41% A&O / 51 105 F&A 97% 102 96 105% Camden & Sub Canada Nor Pow coll 5s '53.M&N Canadian L & P 5s *49 op '14 J&J 90 85 J&J notes 1978 100 —M&N 63.00% 1939-1946 lst4%s 1960 104% (W S) deb 6s 1942.-A&O conv 2%-2%-3 %-3%-4r4% % Calif Water & Telephone— 1st mtge 5s 1965 M&S Calumet G & E 5%s B 1960-J&J Calumet & South Chicago Ry— 1st (35% prin paid) 1927 F&A Camden & Rockland Water— 100% Co— Beauharnois Power— Collateral s f 5s 1973 A&O Beaver Valley Trac 5s 1950-A&O 108 78 102 Bear Mt Hud Riv Bdge Co— 1st 7s 1953— A&O 104% S f income 8s 1953...—..A&O f 62 Beauharnois Lt Heat & Pow— 2d mtge 6s 1978 a-.—J&J 99 112 10714 106% J&D 108 Ask Serial notes 105% 79% 79 106 100 Beaver Valley Water 5s'60.M&N Bell Telephone of Canada— sr n M&N A&O 75 1975—-J&J / 22 1975— J&J f 25% 1975 J&J 85% Bangor Gas Light 5s 1941—A&O 92 Bangor Hydro Electric— 1st mtge 3%s 1966 —J&J 110% 94% AmeT States Public Serv— 1st 15Hs 1948 ser A Deb 6s 1938. 105% 78% Atlantic City Gas 5s I960-—.J&J 1st lien & ref 5s 1957. J&J Atlantic City Sewerage— 1st s f 6s ser A 1956-——J&D Atlantic Co Wat 5s'58 ser A M&S Bid Bonds California-Oregon Power— Deb gold 5%s 1942 .A&O 1st mtge 4s 1966.. A&O Calif Water Serv 4s B 1961-M&N 104 101 Atlantic City Electric— Gen mtge 3%s 1964—...J&J Barstow Deb g 5s 2030 M&S 56% Amer Fuel & Pow 7s 1934. J&J / 10 Amer G & E deb 5s 2028---M&N 108% Am Gas & Pow deb 3-5s '53-F&A 42% Secured deb 3.6-6s 1953 47 J&D Am Pow & L deb 6s 2016-— M&S 93% Amer Rys Corp coll 4 %s '53-A&0 Ask Aurora Elgin & Chicago 1st 5s 1941 BJ. 1939 Atlanta Nor Ry—See Ga Ry & El Atlanta Wat El & Pr 5s 1943 J&J Atl Beach Bridge 6%s 1942..F&A Augusta Ry & El 1st 5s 1940 J&D Elec Ry —A&O Avalon Telep Ltd 4%s *58—A&O Baltimore County Water & Elec 1st 5s 1946 —M&N 6 Alliance Power 1st os 1952. -M&S ' Alliance Pub Ser(Ohio)5s '57 M&S Altoona & Logan Val Elec By— 1st coll 4s Jan I 1954 Amarillo Gas 6s I 97 105% 1946-M&S Bid Bonds J* 102% 101 % k Last sale, n 103% 102% Nominal. m ..A&O A&O 85 74 PUBLIC UTILITY BONDS NOTICE—All bond pricos are "and interest" except where marked "f" and Income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of Issue Bid Bonds Cities Serv deb 5s Wl^6.M&8 Deb g 6s Apr 1958—.—A&O Ask 74 M 76 Continental Pub Serv 6s '40.J&D / Continental Telep 5s 1953--F&A 83 M 83 M 83 k 83 k 103 37 k 66 61 1st mtge 5s 1966 Dallas Power & Light—i 73 84 —— 1st M 5s 1954 series B— J&D 1st M 5s 1957 series O—M&N 102 City Water (Chattanooga) 105M Clarksbury-Columbus Short Route Bdge 6 Ms '52. J&D / Clear Springs Water Serv— 1st 5s ser A 1958 M&S Cleveland Elec Ilium— Gen mtge 3ks July 1, *65.J&J Cleveland Ry 1st 5s A 1945-M&S Cleve Southw Ry & Light— 45 101k J&D 6s 1940 6s 1942 Colorado Cent Pow 5Hs *46-J&D Colorado Power 1st 5s 53--M&N .... 110M 102 M 9 109 M II" 103 105M 40 Colo Utilities 1st 5 Ms 1958.M&S Columbia Gas & Elec Corp— 101M 100k 101k Deb g 5s 1952 M&N Deb g 5s 1952 A&O 15 Deb 5b Jan 15. 1961 J&J 15 Columbia River Longview Bridge 3 6Ms stamped 1953 A&O / Columbus (Ga) Elec & Power— 105 1st & ref 6s 1947 ser A J&D 106 1st & ref 5s 1954 ser B...M&N Columbus Ry Pow & Light— 108M 1st mtge & colltr 4s 1965.M&N Commonwealth-Edison Co— 106 k 1st M 4s 1981 ser F M&S 109 M 1st M 3 Ms ser H 1965—A&O 108k 1st mtge 3 Ms ser I 1968--J&D 111k Conv debenture 3 Ms 1958.J&J 111k 3 Ms 1938 issue due 1958__J&J 3 Ms 1939 issue due 1958--J&J 111k 42" 101k 101k 101k Non-cum inc deb 6s (w s) 1948- / 38 Non-cum inc deb 6s (x s) 1948- / 23 Commonwealth Light & Power— Ref & unif 7s 1962 J&J / 4 82 Com'w'lth Tel (Pa) 5Ms '45 M&N Com'w'lth Tel(Wis)4s serA 1M&S 103 M Community Power & Light OoCol M & 1957 83 ——M&S 100 H Community Pub Ser 5s 1960-J&J 8 Community Teleph 5s Jan 1 1949 f Community Water Service Co— 71 Deb g 6s 1946 ser A J&D 108 k 107 109 k 109 HIM 111M 111k 41 25 84 look 10 73 71 43 M 46 111M 130 113 108 109 108 109 M s f 7s '51 ser A—M&N 1st & ref M 3 Ms ser F '66-M&S 1st & ref M 3 Ms ser G '66-J&D 129 25-year deb 3 Ms 1956—M&S Connecticut Power— 1st & coll trust 5s 1956 J&J Conn Ry & Lt 4Ms 1951—J&J 126 M Stamped guaranteed opt.-J&J 109 M 128 M 108k Ar61 F&A 111k 109k 100 96 M Consol Electric & Gas— 98 49 49 102 127 k Consol Gas Elec Lt & P (Bait) 110k 3 Ms 1971—J&D 111 '66M&S Detroit International Bridge— 1st mtge s f 6 Ms 1952 F&A Certificates of deposit -J&J 1955—M&S -BB « El o Dominion Gas & JCil 6 Ms '45.J&J ,<4S Dortmund Munlc Util (Germany) 4unic 65 112M 111M 111M Eastern Mass Street Ry Co— Ref m 4 Ms 1948 A J&J Ref m 5s 1948 B J&J Ref 6s Jan 1948ser O-.M&S 15 Ref 6s series D Jan 11948.A&0 Ref 6s series E Jan 1 1948.A&O Eastern Michigan Rys— 1st mtge colltr 7s 1958 J&J Adjt 6s due July 1958 A&O Eastern Minn Pow 5 Ms 1951 M&S Eastern Oregon Light & Power— 5Ms series A 1951 M&S 5s series B 1953 J&J Eastern Shore Pub Service Co— M&S 5Ms 1947ser A 1st M & 1st lien 5s 1955 B M&S Easton Consol El 5s 1§49 .M&N - 5s '56.J&D Electric Ferries 7s (w-s) '41-A&O Elec & Peoples. See Phila R T Electric Pow Corp (Germany)— 1st s f 6 Ms 1950- M&S 1st sink fund 6 Ms 1953..A&O Electric P & L Deb 5s 2030-F&A & Raritan 67 M 95 68 93 M 65 81M 84 M 70M 74 M 48 Florida Pow & Lt 1st 5s '54--J&J Sinking 105 k 56 109 k 85 18 113 im lllk 88" 69 103 68" 20k 24k Power Co— /W. 83 86 M 2 M 71M 105 104 M 99 oo QO*vj CO 108" 109 109 k 99 105 27 26 125" 104 % 103 k 35 95 M 101 87 M 87 90 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— 113 104 103 M J&D Grand Rapids Ry 1st 7s '39_M&N Great Cons Elec Pow (Japan)— 1st M 7s 1944 F&A 69 k 98 / .100 24M 101 14 79k J&J 75 M&S lstsf 4Ms 1956 Great Lakes Utilities Co— 1st lien coll tr 5 Ms 1942 99 M&N 60 Power— 1st 5s stamped 1950 F&A Green Bay & Miss Canal— 1st & ref 4 Ms 1953 M&S Green Mountain Power Corp—- 108 k 102 J&D 101M J&D 695 Mto Greenwich Wat & Gas System— Col tr 5s 1952 series A A&O Col tr 5s 1952 series B A&O 100 M 99 Guilford-Chester Water5s '39 J & J Gulf Coast Water 1st 5s *48.F&A Gulf Power 1st 5s 1968.. A&O 100 58 103 M 101 A&O 108k 108 M * 102 k 10-year 4M8 deb 1946 A&O Hackensack Wat 4s'52 opop'12 J&J t 105 M 1st M & ref 4s ser C 1966.. A&O 1st & ref 4s O 1966 (new) A&O 111 Hamburg (Germany) Elec Co—. Extl g s f deb 7s 1935—M&N / Hamburg (Germany) Elev Under- 95 gound & St Rys 5Ms'38__J&D HarrLsburg Gas os Havana Elec Ry 5s 79M 104 M .M&S 101M 101k _ 108 M 20 22 '37 J&D 53 1970—M&N 107 Hamilton Gas 6 Ms Aw 20 20 107 99 - 118 Empire District Elec Co— Empire Gas & Electric Co— Gen & ref 6s ser A 1952.-J&D Empire Gas & Elec and Empire Coke jt 1st & ref 5s'41 opt.M&S .... 92 103 Gulf Public Service Co— 1st mtge 6s 1945 Gulf States Utilities Co— 68 111 5s 1952 1.25% 1.75% 2.00% 104 General Water Wks & El Corp— 1st lien & col 5s 1943 ser A. J&D 1st mtge 5s 1978 85 M 77" 99 / 1st & ref M 3ks 1963 4 Ms notes 1940-1953 104k m 73 Gatlneau Pow 1st 5s 1956 J&D S f debenture 5s 1949 J&D General Gas & Electric Corp— Great Northern 110k 1st & ref 84 97 99 96 2.00 Equip trust 4 Ms to 1941..F&A b 2.50 Equip trust 4Ms to 1943..M&S b 2.70 Equip trust 4s to 1946 M&S b Fuller ton-Portsmouth Bridge— 1st s f 6s 1957 60 M&S Galveston-Houston Elec Ry 1st M s f g 5s 1954 opt A&O / 89 Gandy Bridge (Tampa)— 1st mtge s f 5 Ms 1957 97 A&O Gary Electric & Gas Co— 1st lien coll 5s x-w 1944—J&J 98 k 5s with warrants 1944--J&J 103 25 Gary Rys Co 6 Ms ser A 1945 F&A 23 Gary Street Ry 1st 5s 1937--A&O Gas Co of New Mex 6 Ms '44 M&8 93 M Gas & El of Bergen Co 5s '49-J&D 124 Gen 5s Nov 1.1954 123 M&N 1st & gen 6 Ms 1950 Great Lakes Power Ltd— Corp 5s 1950 ser A Florida Public Service Co— 1st 4s series O 1955 J&J Florida Telep 1st 6s 1945 A&O 2d 6s 1954 J&J Fontana Un Wat 6s 1935--J&J Fruit Growers' Express 1st guar 5s 1954 op 1990-J&J Gesfurel 6s 1953 x w J&D / Grand Rapids Gas L 5s '39.F&A J&J m 98k Atlanta Cons St 5s 1939 J&J Atlanta Northern Ry Co— Elmira Water, Light & RR— 1st & con g 5s 1956... M&S El Paso El Co— 1st 96 Georgia Ry & Electric— 95M 78 M 94 1946-J&D 1st M colltr 6 Ms ser A'56_A&0 1st mtge & coll 6Ms C55-A&0 93 94 M _ Corp 6% notes, 1940 A&O Consol Hydro-Eiec Wks of / Wuerttemburg 1st 7s '56- una debs 5s General Public Service Corp— Conv deb 5s 1953 J&J Conv deb 5 Ms 1939 J&J General Public Utilities— 100 103 M 103 .... 73 M 100 lk 7 97 k 1st lien col tr 5 Ms 1957—M&S Florida Power Corp— 1st mtge 4s series O 1966 J&D Conv deb 5 Ms 1954 Federated Utilities Inc— 92 M 92 M 64 104 M 95k 25 67 See RivV Public Serv J Fed'l Pow & Lt 6s Nov 1.1965... / Federal St & Pleasant Valley Pass Ry 5s May 1 1942. „J&J / Federal Water Service Corp— 102"" 103 85 M 8H 8M 1 89 97 101k J&D _ Scrip 4s due 1942 102 1944..M&N 97 M E. Kootenay Pow 1st 7s '42-A&0 East Prussian Pow 6s '53 J&D / 18 Eastern Gas & Fuel Assoc— 63 k 1st m & coll tr 4s A 1956.M&S 100 Eastern Iowa Pow 6Ms 1943-M&S 101 Eastern Lt & Pow s r 5s 1964 M&N Eliz (Internat ser) 1942..M&S Stamped M&S M&S 1st lien g 6s 1942 stpd Debenture 6s 1954 ser B_ 104M 85 k .. (Ill5 1st 5s 18" 110 M&N 4M 4M I A&O / 20-jrsf 6 Ms 1948 20M erior Transit— Duluth-Super 1st 5s 1953 ws M&S / 21 85 Dumbarton B'ge 6Ms to '49.J&J Duquesne Gas Corp— 1st conv 6sctfis. 1945 M&S15 / 10 Duquesne Light—See Phila Co 65 Duquesno Nat Gas 7s 1948.-J&J Duquesne Trac—See Phila Co 102 Durham Pub Ser 7s A '49--A&O 101 Durham Trac 1st 5s 1941 M&S Eliz & Trenton RR 63 J&D 1st mtge 3 Ms 1st mtge 3 Ms 1st mtge 3 Ms 106 M Eliz Plainf & Cent J1 Consol Gas Utilities Co6s unstamped 1943 ser A—J&D Oonsumers 53 M 92 48 110k 49 1943 Gen & ref M 3 Ms ser G m 130 M J&J A&O / 16 Erie Ltg 1st m 5s 1967 107 A&O Erie & Suburban Ry 5s 1941 A&O / 12 Fall River El Lt 3 Ms 1968—M&N 104 Federal Light & Traction— 1st 5s (Amer series) 1942-M&S 100 M 100 k 100 48 stamped 74" 48 Edison El 111 (N Y)—See NYG Edison Sault Elec 4 Ms, 1961 A&O 47 6s Gen & ref 4 Ms 1961 ser D-F&A Gen & ref M 4s ser F 1965. A&O 83 17 107k 48 s f Certificates of deposit 1st 5s, 1966 M&N Detroit Edison— / 106 k Collateral 6s 1957 F&A Consol Gas of Bait 5s 1939—J&J Gen g 4Mb Apr 1954 A&O 101k 126 k 54 107 k Edison Elec Ilium of Boston— 3 Ms 1st M s f July 1. *65.J&J Coll 6s ser A Aug 11962.-M&N 6s series B 1962.... F&A Ref mtge 1st mtge s f 6s 1953 M&N Certificates of deposit Conv s f deb 6 Ms 1948-— M&N Economy Lt & Pr 20-year 3 Ms debs 1958—J&J 95M 106 106 Stamped as to Pa tax....— Denver Tramway Corp— 1st 106 o o IODN 98 East Jersey St Ry 5s 42 Connellsv Wat 5s Oct 2 '39.A&0 Consolidated Cities LP & Tr— 1st lien 5s 1962 stamped-.J&J Consol Edison Co of N Y— Debenture 3 Ms 1946 A&O Debenture 3 Ms 1948 A&O Debenture 3Ms 1956 A&O 107M 6s 1952.M&N Denv Gas & El 1st g 5s '49. -M&N 1st & ref 5s 1951 M&N East Coast Pub Serv 4s 1948 F&A 104M _ 1st & ref 46 111 Erie Co Electric 6s 1959 Erie Rys—1st 6s 1954 76 38 M , -J&J 4_Ms 1969 1st gold 5s 1950 Dom Elec Pow 5Ms 69 Deb g 5Ms 1946 ser B—M&S Oonestoga Trac 1st 4s 1950--J&J Coney Isl & Bklyn cons 4s *48 J&J Connecticut Light & Power— „ Delaware Electric Power Co— \ Deb 5Ms 1959 J&J ) 104 M Delaware Power & Light Co— 1st M 4Mb 1971 J&J \108k 1st mtge g 4 Ms 1969 J&J U06M 1st mtge g 40 90 % 8 f deb g 7s 1952.. F&A Certificates of deposit .... Det & Pt Huron Shore Line— 114 Com'w'lth El 5s June 1 '43-M&S Commonwealth Gas Corp— 66 105 Darby Med & Ches Ry—See Phila R Tran Darby & Yeadon 4 Ms 45 Dawson Ry & Coal 5s 1951..J&J 102 Dayton Power & Light— 1st & ref M 3Ms 1960 A&O 109 K Gen & ref 5s 1950 ser A...J&J Des Moines Ry 1st inc 5s Jan 1 '55 Detroit & Canada Tunnel— 1 109 39 M 37 M&S .... Ask 109 M Delaware Vail Util 97 109 M M&S / :::: Bid _ - 101 Bonds Ercole Marelli El Mfg Co (Italy) 1st s f 6 Ms 1953 wltn war M&N Equit G & E Utica 5s 1942.A&0 101 J&J 1st mtge 3 M» 1967 F&A Dallas Ry & Ter 1st 6s 1951.J&J Danbury & Beth Gas 6s 1948 F&A Danville Tr & Pow 1st 5s '4LJ&J 102 M J&D ser 51M 90 99 1st mtge 3 Ms 1966 A&O 105 M Cumberland Gas 6s w-s 1948M&N / 30 Cumberland Valley Telephone— 101 City Gas & Elec 1st 6 Ma *51.J&J / City Light & Traction (8edalia, Mo) 1st s f 6s 1952 J&D City & Sub PS—See Un Rys of St L City & Sub By—See Wash Ry & El City of New Castle Water— Gen & con 5s 1954 Coast Cos Gas & Elec— 1st s f 4s series B 1965 Colonial Util 5 Ms 1958 Cuban Telep conv 5s 1951---J&J 1st lien & ref 7 Ms 1941..M&S Cumberland Co (Me) Pow & Lt— 56 J&J 1941 Crescent Public Service Co— Coll inc 6s B Oct 1 ,1954—J&D/ 64 1st 6s series A 1963 J&J Citizens Water (Washington, Pal 6 Ms series A 1951 J&J 5s series B 1951 96M Cooper RivBri'ge Inc 1st 6s'58M&N f 83 Copper Dlst Pow 4 Ms 1956--J&D 94 County Gas of Dallas 5s *46 A&O 105 County Gas (N J) 5s Jan 1 ,1952. 69 . ^ 90 74 k 74 Cities Service Power & Light Deb 6Ms 1952 M&N Deb 5 Ms 1949 ....J&D Citizens Independent Telephone 1st mtges f 4ks ser A '61..J&J Citizens Utilities Co— Income notes 3s 1955 F&A 1st coll 4-5 Ms 1948 A&O Citizens Water (Scottdale)— _ Ask 87 68 90 7 M&S J&D Cities Service Gas Co— 1st M pipe line 5Ms 1942.M&N e Cities Service Gas Pipe Line Co— 1st M 6s 1943 J&J d Conn Riv Pow 3 Ms Bid M&N Deb g 6s 1963 Deb 6s 1969 Conv deb 6s 1950 5s Bonds Oonsum's Water 1st 6s A '46 M&N Deb 5Ms series A 1970-— A&O Oontin Gas & El deb 5s 1958 F&A 77M w 1952.—F&A on)'5l-M&S 38 M M 5Ms (Sept'31 coup Hempstead & Oyster Bay— 97 Water 6% July 1 serially-. Hest Man & Fair Pass Ry—See P hil R T 28 olyoke Street Ry inc 5s ome Tel & Tel (Ft Wayne; 105k 1st 6s series A 1943— .J&J 105 1st 5Ms series B 1955 A&O 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— „ . . 14 98 M 100 k _ 1st M & col 6s 1943 ser 102 k Deb 6Ms 102 101k A.A&O 1943 with war..A&O 104k i * Called March 23 at 102Mit Last sale, n accrued interest, t Called April 26, 1939, at 105. Nominal. 6 Basis, d Called Feb. 28 at 102. e Called Feb. 28 at 101. / This price includes 75 PUBLIC UTILITY BONDS March, 1939] NOTICE—All bond prlcss art "and interest" except whara markad **f" and Incoma and dafaultad bonds Quotations for all securities are as near as possible for th« closing day of the month preceding the date of issue Bid Bonds Hydro-Elec Co (Italy)— 1st Msf 7s 1952 MAN 109% 109% Island Gas A Electric— 103% 124 63 104 124% 68 stamped 1942 Inc deb 6s ser A w s loo" 97 96 41% 43 2 103% J<S 104% 120 122 103 (Ontario) 3%s 1943 43 44 Manchester Terminal— 1st s f 6 Ms serA 1941 104 111% 110% 111% Illinois Commercial Telep— M1. 100% 102% 101% 55 Illinois Northern Utilities Co— 1st 5c ref 6s 1957opt... —AA Illinois Power 5c Light Corp— *105*12 . 106 103% *102 1% 107 105% 28 5 105" 111% 26% / 102 91 100 103 91% 78 88% 109% 106% 91% 110% 111 113 109 102 Indiana Sot vice Corp— 61% 59% 60 59 Keokuk Elec 6s 1940 JAE / Indiana Telep 6s A I960.... JAJ Indianapolis Columbus 5c South¬ ern Traction 1st 6s 1948..T5C5 Indianapolis Gas 5s 1952 AAC / Indianapolis Power 5c light— 15 96% 18 60 79% 109% 83% 109% 102 100 100% 57 105% J5cJ Secured 5s 1958 Inland Gas 6%s 1938 -FAA / Certificates of deposit. . / ...... Sinking fund deb 7s 1938.FAA / Inland Pow 5c L s f 6s '36 A.MAS / Coll tr s f 6s 1941 ser B MAN / Coll tr 6s 1957 ser O A5cO / Deb s f 7s 1935... JAD / Inland Telep 1st 6s 1948 AAO Inter borough Rapid Transit— ... 1st A ret g 5s '66 op tax-ex. JAJ f Certificates of deposit...... / / f / / 96 55 55 10% 16% 16% 16% 7 60" 107 100 57 57 12% 17% 17% 17% 6s coll notes ser 67 65% 40 39 63% 62% 68 B1942—-FAA General 5s 1933.. ....FAA 67% 40% 1 82% 10% 65% 63% 92 104 96 96 96% 102% FAA 1st extend 4s 1945 ..JAD Ref A impt g 5s 1960—-JAD 83 1st extend 5s 1945.. JAD 48 48 100 94 96 54 78 83 38 l 162 98% .... 104 105 100 105% 106% 100 105% 9 85* 56% 8* 47 102 ff 1. .... 48 49 16" 1 78 108% 109% 72 ...FA A 60 Int-State Bridge 4-6 Ms '50 MAN 50 Interstate Gas A El 6s 1951..JAD 69 Interstate Power 1st 5s 1957.JAJ 48 Deb gold 6s 1952..... JAJ Interstate P S (Ark) 6s 1940 MAS / 10 Interstate Pub Serv Co— 102 1st 5c ref 6%s 1949 ser B..JAJ 89% 1st A ref 5s 1956 ser D.... JAD 1st A ref 4Ms 1958ser F..MAS 85% Interstate Rys 4s 1943 % FAA / Interstate Telep Co— 1st M 5s 1961 AAO 103% Interstate Tel A Tel 5 Ms 1953JAJ Investors Telephone 3s 1961. JAJ Iowa Electric Co— 1st 4s ser A 1961.........JAJ 95% 82 4% notes to 1946... .AAO 113 Iowa El Lt A Pr 7s ser C '42.FAA 1st mtge 4s ser E 1955....JAD 106 Iowa-Ill Telep 2-5%s 1949.-AAO / Iowa-Nebraska Lt A Power— 1st lien A ref 5s *57ser A..MAN 102% 1st 1A ref 5s 1961 ser B...MAS 102% Iowa Pow A Lt 1st 4 Ms 1958 MAS 107% Iowa Pub Serv 1st 5s 1957..JAD 104% Deb 5s 1968 ........MAS 94 1st mtge 5%s 1959......MAS 105 Debenture 6s 1960. .MAN z 98 Iowa Southern Utilities— 1st A ref 5Ms 1950 .—JAJ 99% 1st A ref 5 Ms July 1 '50.MAN 102 Deb 6s 1950 ser A .MAN 92 . 1*6* — 34 85 85 6 5 32 22% .... .... 19M 104)4 101 99 B1966 JAJ r 108 103 M 39% 1st M 4 Ms 1968 ser D 1st M 4s 1971 ser E 40% 98% 95 101 100% 37 13 72% __ MAS .MAN 110 % 108 1965..-MAN Metrop Edison Corp 6s '61 .MAS 109 111 108% 109% 88 Metropolitan West Side "L"— 1st gold 4s 1938. FAA / Exten gold 4s 1938 JAJ / Mexican El L 1st M g 5s '42.JAJ Mex Lt A Pow 1st 5s M0 s f—FAA Mexican Utilities 7s 1939—AAO Miami BridgeIncome deb 6s (w-s) Mar 1952. / 8 8 21 8% 9 23 21 23 35 40 51 Michigan Associated Telep Co— 105% 106% lstmtge4sser A1968—..MAN 55 Mich Fuel A Lt 6s A 1950—.JAD / Michigan Consolidated Gas— 1st mtge 4s 1963 98% MAS 98% 4% notes 1939-1948 FAA 6 101% to 97% Michigan Gas A Elec Co— 98 99 1st & ref 6s 1943 MAS 1st M 5s 1956 93 JAD 94% Michigan Public Service Co— 1st g 5s 1947 ser A 99% AAO 55 Middle States Util 6s A1951 AAO 86 Middle West'n Telep 6s '43..JAJ Middle West Utilities— 5s ctfs of deposit 1935 Middlesex Elec Lt Pow 5s '55 JAJ Middlesex A Somerset Trac— 5s 1950 .....JAJ Middlesex Water 5%s 1957.AAO Midland Util deb 6s 1938—.MAS Milwaukee Gas Light Co— 1st M 4%s 1967.. MAS 88 49 51 92 1st mtge 4s 1950-. JAD Minnesota Nor Pr jt 6s 1944 AAO Minnesota Power A Light Co— 1st A ref 5s 1955 ......JAD 1st A ref 4%s 1978 MAN 20 124 82 107 35)4 36 100% 101 105 105% Minneapolis Gas Light Co— 90 / 101% 101 104 99% 104% 100 Mississippi Power Co— 1st M 6s ww 1944.. MAS Conv deb 53 is 1953— 69% 72% 63% 100 JAJ 5s 1941—JAD 81 60 105 101% 1st extl 7s 1952 JAD one Star Gas 3 Ms debs '53 FAA ong Beach Gas 1st 5s '56—JAD ong Island LightingSecured g 6s 1945. JAJ Conv deb g5%s '52 ser A. AAO 69% 48% 14 103 51 107%. 102% 82 Mississippi River Pow 5s '51-JAJ 102'" 53 108 43 92 80 104% ay^Corp— 93% 83 106 1st ref 96% s f 58 ser B 1950 AAO 95 98 96 88 99 85% 87% 99 90 1st mtge 5s 1957. ' . 102% 102% JAD ouisville Gas A Elec Co (Ky)— 1st A ref M 3Ms 1966——MAS ouisv Ltg 5s '53 unstmpd—AAO ouisville Ry— 2d 4Mb 1940 MAS General 5s 1950 owell Gas Light— 110 FAA 106% 108% 95% 106% 101 103 94 107 109% 120 102 96% 109% 94% 97 109% 104 94% 96% 78 106% 107 82% 83 4 Ha series O 1961 MAS Missouri Val Pub Ser 6s '39 JAJ 102% Mobile Gas Service Corp— 1st 5s 1956 AAO 1st cum inc 9s ser A '56—AAO Income 7s 1956 .........AAO Mob Lt A RR Cons g 5s '41-MAS Mohawk Valley ref 6a 1991 Debenture 6s 2031 MAN 4%_s 1960.AAO Debenture 6s 1965 ..AAO Mont Cities Gas 7s A 1937..MAN Montana-Dakota Power— Ext 1st 5%s-6%s 1944 JAJ Montana-Dakota u tilities— Conv deb 4)48 1946.... AAO Montana Power— 1st A ref mtge 3%s 1966—JAD Montreal Isl Pow 5%s 1957 MAN Montreal Lt Ht A Pow Consol- deb reg 1939....-JAJ 1st Acolls f 33*8 1956 FAA 1st A coll 334s 1963 JAJ 1st A coU 334 s 1973 JAJ 3% 8 88 72 62 61 90 90 AAO Monongahela Light A Pow Co— 1st M 5s 1949 JAD Monongahela Yalley Water— 1st M 534s 1950 series A—JAJ Monongahela West Penn Pub Ser 1st A gen mtge 74 93% 1st mtge 3 Ha 1966 JAD Missouri Public Service Co— 1st ■ f 5s I960 ....FAA Missouri Telephone 99% 101 1st mtge 4 Ms ser A 1966.MAS 1 ower Austrian Hydro-Elec— lstsf g6Ms 1944 FAA fk 24 ower St Lawrence Power— 97 1st s f 5s ser A 1955. AAO 105 Missouri Gas A Elec Service 1st 4-5s 1956 -AAO Missouri Power A Light— Monmouth Cons Wat 5s '56. JAD : "II Deb 5s May 1, 1947—MAN Missouri Edison 1st 5%s '47 JAD — 96 1st A ref s f g 5s 1940 ..JAD Los Angeles Ry 5s 1938. .AAO 1st ref s f 5s ser A 1948... A AO 104% 99% 57% -MAS Mississippi Power A Light— 1st M 5s 1957 JAD 1st A ref 5s 1955 89% 85% 39" 33 30% 19 103 % 99 Ref A gen 4s series C 1967.JAJ Market Street El Pass Ry— See Phila Rapid Transit Market St Ry (San Francisco)— 1st s f 7s 1940 ser A Q Jan..... 85 109 ISlec 69 30 41 4 4 81 / / conv 96" 98 118 102 108% 104% 109 101% 101% 104% 89 90 99 99% 104% 50% 104% 101% 102% 50% 105% 102% 103 1 * Called April 1 at 105. m t 92 57 57 102% 102% 34% « Metro Wat Sewer—See Fgn bds 97 49% 52 / 1st mtge 4s ser G 98 — 105' Marion-Reserve Power— §1" 89 eipzlg Overland Power— S f mtge 6 Ms 1946 MAN / 20% 100 e wis ton Gas Lt 3 Ms C '56. AAO 101 / 1st mtge 4Mb 1952. AAO Maritime Electric 4 Ms 1956.AAO Gen s f 5Ms 1956........AAO Maritime Tel A Tel— 104"" Metropolitan Edison Co— 103 100 106 39% Maryland Light A Power— 1st M 5 Ms 1950 ser A JAJ 97 M 94 Maysville P Serv 5 Ms A1942AAO 92 M 93 Memphis Power A Light Co— 1st A ref 5s 1948 ser A JAJ 100 M 104% 1st A ref 4 Ms 1978 ser 6. _AAO 99 % 109 Memphis Street Ry— 96% 3-58 series A1945...... AAO 32 96% 3-5s series B1945 Ann April / 9 96% Meridionale Electric Co— lstsf 7s 1957 ser A......AAO 71 ehigh valley Transit— 100 97 45% 11% 30 102 105 1% 1 74 74 Deb g 6s 2026 ser A / 104 91 1945—....MAN 90 88 110% „ / / / f 7s 1941....... JAD f Ref A gen 6-4 Ms ser Kewanee(IU)Pub Ser 6s A '49 JAJ Key West Electric 5s 1956..FAA Keystone Pub Serv— lit M 5s 1978 MAN Keystone Telephone Co— 1st A ref 5Ms 1955 ser A.. JAD 1st 1A ref os 1951 ser B—AAO Kings County Elec Lt A Power— Purch money 6s g 1997.-AAO KlngsOoElev—See Bklyn-Queens Kings Co Gas A HI 1st 5s '40 AAO Kings Co Ltg 1st ref 5s '54..JAJ 1st ref 6 Ms 1954 -JAJ Klngsh'way Bdge6Ms 1962.AAO Kokomo Water Works— 1st 5s ser A 1958 —JAD ackawanna A Wyoming Val RR 1st 5s 1951.... FAA / Debentures 6s 1948 FAA ' aclede Gas Lt 5s 1939; AAO 1st M coll tr 5 Ms '53 ser O FAA 1st colAref 5%sl960 ser D FAA 68 coll notes ser A1942...FAA Indiana 5c 8 W Gas 5c Util— 105% 109% Kentucky Power A Light Co— 1st 5 Ms series A 1942 MAS 1st m 5Ms 1948 ser B——MAS Kentucky Utilities Co— 1st M 6 Ms Sept '48 ser D MAS 1st M 5 Ms 1955 ser F AAO 1st M 5s 1961 series G FAA 5s series H1961 FAA 1st M 5s 1969 ser I FAA 1st 6s series K 1957.—..MAS Indiana Hydro-Elec Power- 123 105% 103% 1947—MAS 107% 120 J965------MAN 86 99% conv notes 105% s .... 104" 20 AAO 1st income 3-6s 1957 w s An Oct s f 7s ww 1941 ..AAO 2d income 4s 1963 w s—Ann O Manhattan Ry con 4s g '90.-AAO Cent Hanover Bk ctfs of dep. 2d gold 4s 2013 ...JAD Manila Elec RR A Ltg Corp-— 1st lien A colltr 5s 53....MAS Manitoba Power Co Ltd— 1st M s f 5 M« '51 ser A...JAJ .8 1st M 8 f 5 ha 1952 ser B—JAJ ,_n Mannheim A Palatinate Elec Cos Gen 15-year Kentucky El Pr lstsf 6sl960JAJ Kentucky Fuel Gas Corp— 1st 6 Ms 1942 with warr.-JAD / Kentucky-Ohio Gas Co— Ctfs indebt 2s 1958—-—JAD / Indiana Electric Corp— JAJ 1952 MAN / Kansas Power A Light Co—1st mtge 4Mb 107% ist mtge 4%s serB 1965-.. Indiana Central Telep Co— 1st lien coll 5%s 1938 .1 Deb g 4 Ms 1952.. Deb 5s 1955 ^ 1st mtge 3 Ms ser A 1966.JAD Kansas Gas A Electric— Deb gold 6s 2022 ser A. .MAS 1st mtge 4M® 1980....—JAD 101% 97% 91% Power 1st 5s Illinois Water Service Co— 1st mtge 6s 1962 series Indiana Assoc Telegraph¬ 6% notes 1932..........AAO Certificates of deposit... Conv g 7% note 1932 MAS Certificates of deposit...... Intercontinents Power Co— Debs A 6s 1948 JAD International Hydro-Elec System Conv deb 6s 1944 w w. AAO Interaat'l Pow Ltd 6%s 1957MA8 Deb 6s 1957 ?. MAS Debentures 6s 1955..... JAJ International Power Sec Corp— 6% % sec bonds 1955 ser O JAD Sec 7s 1957 ser E F&A Sec 7s 1952 ser P JAJ15 International Railway (Buffalo)Buff Trac 1st 5s 1948. JAD Internat Ry ret 5s '62 op.MAN International Telep A Teleg— 43 Kansas Elec Power—> 103% 101% 97% 91% Indianapolis Water— lit mtge 3%s 1966 Indianapolis W W Sec Co- 41% Ask „ 105 5s 1954 JAD Jersey Central Pow A Lt Corp— 106% 1st A ref 5s 1947 ser B FAA 105% 1st M 4Ms 1961 ser O——JAD Jer City Hob A Pat—See P SOorp 26 Johnstown Traction 4s Deci 31 62 / 3 Cons mtge 3s B Dec 311962... / 105% Joplin W W 1st 5s 1957-.—MAS 103% Kansas City Gas 1st 5s *46.-FAA 109% 1st 6s series A 1942——FAA Kansas City Pub Service— 25% 1st ref 4s series O 1957--—J5cJ 102" 101 110 68 Jamest'n (NY )Telep 101% 1953. 48% 66 James River Bridge Corp— Income 2-6s 1967-------.-J&J / Hydro Elec Power Commission 6% 93 47 Deb 6s r63 (without watT).JAJ Jackson County (Mo) Lt H A P— 1st 6s series A 1956-.....JAD Jacksonv (Fla) Gas— 99 Bid Bonds Luneburg Pow L A W W (Germ'y) 1st Msf 7s 1948 ...MAN f 20 H Luzerne Co (Pa) Gas A Elec— 108 1st refAlmp g 5s'48 op'13 AAO 108 1st A ref 6s 1954.........MAS 111 Debenture 7s 1944 JAJ 103% MacLaren-Que Pow 5M« Febl'61 105 5 Ms series B 1964— MAS Macon Gas 1st mtge4Ms '52. JAD 93% 102 Macon Ry A Light 1st 5s *53-JAJ Madison Rys 1st g 5s 1936—MAN / 4 «... 25-yr s f 5Ms 1953 ser A..MAS Italian Superpower Corp— 101% 104% . Ask Isarco Houston Natural Gas Corp— 0 Bid Bonds Ask Houston Light A Power t Called April 5 at 102. 6 Basis. / This price includes accrued interest, k Last sale, n Nominal, r Canadian price. « 76 PUBLIC BONDS UTILITY NOTICE—All bond prices are "and interest" except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Ask Bid Bonds Montreal Tramways— 1st & ret g 5s 1941 opt J& J Gen & ref 5s 1955 series A.A&O Gen & ref 5s 1955 ser B A&O Gen & ref s f 4Hs *55 ser O A&O Gen & ref 5s 1955 ser D.A&O 95M 96 M 68 68 75 79 68" " 75"" 105M Morgantown Water 5s 1965.. J&J Mount Hope Bridge 5s 1969. J&D 2d income 8s Dec 15 1969.... / Mountain States Power Go— 1st & ref 5s 1938.. .....J&J 1st M 6s 1938 series B J&J Mountain States Tel & Tel—• 72 17M _ 97 M 98 M . 107 105 M J&D / 18M Mut Fuel Gas-See Peoples GL&O Mutual Un Tel—See West Un Tel Narrangansett Elec Go— 1st mtge 3 Ha 1966 J&J Nashville Gas & Heating Go— 1st 5s 1951 108 M - 109 % 89 M&N Nashville Railway & Light— Oons g 5s 1953 opt 1908...J&J Ref & ext gold 5s 1958.....J&J Nassau El RR—See Bklyn Queens Nassau & Suff Ltge 5s 1945—F&A National Electric Power Co— 99 M 95 4s Dec 15 1939 79 122 81 101 101M 99M 36 36 110M 119 82 100 124 M ::::| 64 64 62 95 M 65 98 M 64 95M 98 M 112M 117 117 119 58 61 108M 109 X 101M 99 X 103 89 16M 103 X 103 M 100 M 95M 105 Newport Water 5s 1953... M&N New Rochelle Wat 5Ms '51.M&N 92 88 107 % 108M 108 X 124 M 124M NY&Westch Ltg 4s 2004—J&J Deb g 5s 1954 op guar..J&J N Y Power & Light Oorp— 1st mtge 4 Ms 1967 A&O N Y & Queens Elec Lt & Pow— 1st & cons M 3 Ms 1965..M&N New York Rys Corp— 105 M stpd 1958 116M 117 139 142 118M 119M 114 114 106M 112M N Y State El & Gas Oorp— 1st mtge 4s 1965 F&A 1st M 4Mb 1980— M&S 1st 4Mb 1960 M&S New York State Rys— 105M 38 30 9 99 X 98 101M 108 110M 106 100 99 101M 102 / / 5M 5M 55 108M 65 131 6 6 49 50 M 55 60 82 M 63 84 19 20 64 M 11 106M 12M 83 1st 5s series B 1949 21M 85 M 100 108 M 108 X 102 consol gold 5s 1949 M&S Paterson & State Line Traction— 123 % 125 103 5s 1964 J&J Paterson Ry—See Pub Serv Oorp 95 Pecos Valley Gasext6M8 '44M&N Pecos Valley Power & Light Oo 70 1st extended 6Ms 1950..M&N Non-cum inc deb 6s 1950-M&N / 21 Penn Central Light & Power Oo— 1st & ref 4Mb 1977 1st 5s 1979 M&N —M&N 1st coll 5 Ms 1960 Penn-Ohio Edison Co- —F&A 119 .... 108 X 105M 105 M .... 95 X 100 x 100 M 95 103M 104 109 M 105 X 103 109 106 M 106 X 100 100 X 105 105 M M&N A&O Pennsylvania Gas & Eled Co— 1st 1 & ref 5Ms '55 ser A M&S 1st L &Ry 5s 1958 .M&S Pennsylvania Gas & Elec Corp— Deb gold 6s 1976 ser A M&S Pennsylvania Pow & Light Oo— 1st M 4Ms 1981 A&O Pennsylvania State Water Corp— 1st coll trust 4Mb 1966 M&N Penn Telep 1st M 4s 1965—A&O Penn Water 1st 3 Ms A *67—F&A Penn Water & Pow s f 5s *40-J&J 1st ref 4 Ms 1968 ser B M&S Penn Wat Serv 5s ser A '67.F&A 89 91 81 83 82 M 105 99M 84 M 105 X 100 X 107 105 103 H 107 83 M 66 103M 107 X 85 M 68 71 15 117 115M 93 M 94 M 119M 13"" 83 . 90 ©o © Philadelphia Company— 102 M Secured gold 5s 1967 J&D Ardmore Street 5s 1958—A&O / 7M 111 Duquesne Lt 1st 3 Ms '65.J&D 10 Duquesne Trac 1st 5s *30-J&J Pittsb Rys 5s 1953 70 A&O 7 2d Ave Tr 1st 5s 1934 J&D ^ West End Trac con 5s '38.J&J Philadelphia Electric— 1st & ref mtge 3 Msl967—M&S Philadelphia Elec Power Co— 1st mtge 5Ms 1972 F&A Phila & Garretsford St Ry— 1st 5s 1955...—— F&A Philadelphia Rapid Transit—■ Coll tr g 5s 1957 opt s f—F&A S f guar 5s 1962 M&S 6s gold 1962 M&S 1st m r e 6s 1944 --J&J Darby Media & Ches St Ry—_ 103 1UX ..... 4 6 4 5 7M 93 93 Vs el 71 62 65 People's Traction Co— P P Ry tr ctfs 4s '43.F&A f MX 38 8 HON 111M 112M 113M . 1st 4 Ms 1936 J&J / Hest Mantua & Fairm— 1st extd 5Msl939——M& Market Street Elev Pass Ry 1st g gu 4s 1955—-—M&N Union Traction— Elec & Peo 4s tr ctfs 45-A&O / 50 55 75 M 74 79 78 89 94 21 23 45 50 93 M 94M 80 ^ ^ 6X 10 7X 13 88 113 116M 97M 108M 102 H „ 105M 103 M F&A 25 95M Oo. So Trac 1st & coll tr g 5s*50A&0 United Trac 5s 1997 ctfs J&J 85M o ®» - 108 M Electric __ h-'l ~ 73 108M 102 X Prior lien 5s 1948....—.M&N 1st con 5s 1948 —-M&N 1st & ref 5s 1950— F&A 106 ©CO ©OO 86 108 108 . 100 1st extd 4s 1947 J&J Ontario Pow 5s '43 op to '13.F&A Ontario Transmission Co Ltd— 1st gu g 5s '45 opt bef '16.M&N 20M 1st lien 6s A 1949 w w—F&A Peoria Water Works Co— 1st consol 4s 1948——. M&N 68 M 109"" 103 ..... 113M 107 M 1—1 108 103 M 103M 104 M 102 X 85 F&A iiol 102 X 108M 103 X 103 M F&A 113M 113 107 M 102 M 100 108M Oklahoma Ry 1st & ref 5s '41 .J&J Income 5s 1990 Apr 1 f Old Dominion Pow 5s May 15 *51 Omaha & Council Bluffs St Ry— 107 % Peoples Gas (N J) 1st 5s '68. J&D 68 lstsf 5M« I960 J&D 12 Peoples G & Fuel 6 Ms ww'37 A&O f People's G L & Coke, Chicago— 1st cons g 6s 1943 116M A&O 114M Refunding gold 5s 1947—M&S 93 X 1st & ref 4s 1981 set B J&J 94 X 1st & ref mtge 4s ser D '61 .J&D Mutual Fuel Gas g 5s' 47 M&N 113 Peoples Light & Power Corp—* 1st lien 5 Ms 1941 J&J / 98 Conv deb 5s 1979 -J&J / 12 Peoples Light & Power Co— 82 1st lien coll 3 6s 1961 J&J Peoples Telep (Butler, Pa)— 4s I960... -J&D 98M Peoples Tract—See Phila R T Peoples Water Service (Md)— 107 X 1st mtge 3Ms 1966... J&D Debentures 4s 1946—..—J&D Oklahoma Natural Gas— 1st mtge 4 Ms ser A 1951-M&N Conv deb 5s 1946—.—M&N Oklahoma Power & Water— 1st M 5s 1948 ser A F&A 110 Ref mtgle3 Ms ser B1966. -A&O Ref mtge 3 Ms ser O 1966. J&D Parr Shoals Pow 5s 1952.-.A&O Paterson & Passaic Gas & Elec 1st & ref 4s 1971 ser F 1st & ref 5s ser H 1962 24 106M Okanagan Tel(B C)5Ms '56.J&J Conv deb 6s 1950 M&S f PacificPower & Light Co— 1st M 5s 1955 F&A Pacific Teleph & Telegraph— Pennsylvania 106 M Ohio River Bridge & Ferry— 1st 5s 1942... J&J Ohio Term (Cleve) 6s 1947..J&D Ohio Valley Gas Gorp— 1st 6 Ms 1943 (with warr).. 7 Ms 1943 —J&J Ohio Valley Water 5s 1954—J&J 1st & ref M 3 Ms ser 11966. J&D Pacific Light & Power Oo— 1st 5s, 1942 J&J Pac Ltg Oorp deb 4Mb 1945.A&O Pacific Northwest Pub Serv— 113M 112M 36 Deb g 6s 1950 ser A ex-w.M&N Deb 5 Ms 1959 ser B— F&A F&A F&A 4s 1945-1947 51 1st ref g 4s 1950 opt *15—J&J Los Angeles Pacific RR— 1st & ref mtge 5s 1943.M&S Pacific Gas & Electric Co— 1st & ref M 6s 1941 ser B-J&D 1st & ref M 4s ser G1964—J&D 1st & ref M 3 Ms ser H '61 .J&D 109 X 101M 100M 102 M 34 Penn-Jersey Water— F&A 1st mtge 4s, 1962Notes— 3s 1939-1940 3 M-3 Ms 1941-42 3 Ms 1943-1944 102 % 49 Refunding 5s 1961 M&S Los Angeles Pacific Oo— 109 * Called Mar. 6 at 103 Mt Called Aug. 1 at 100. a Called Apr. 1 at 103. b Basis. / This price includes accrued interest, k Last sale, n Nominal, r Canadian price. 86M J&D A&O Oklahoma Gas & Electric— J&J 53 109 Oorp— 1st mtge 3 Ms 1968 Ohio Public Service Oo— 104"" 103 Penn Public Service Oorp— 1st & ref 6s ser O 1947 M&N 1st & ref 5s series D 1954 .J&D 102 Ohio Water Serv 5s A 1958.F&A Adj Income 6s Jan 1 1965. .Apr / Bleeck St & F F 1st 4s '50.J&J / B'way & 7th Ave 5s 1943. J&D / N. Y. & Richmond Gas Co— 1st ref M 6s 1951 ser A—M&N 101M Ohio Power Co- 101 1st sf 5s 1952— 105X 66 M -F&A Oberpfalz Elec 7s 1946J&D / 20M 108 M Ogden Gas 5s 1945 M&N Ohio Assoc Telep 4 Ms 1966.J&D 105 Ohio Cent Telep 1st 6s '47—J&J 100 X Deb g 6s 2024 100 103 M M&S Ozark Power & Water Co— 105 105 J&D 1st M s f 4s 1957 NY PA NJ UtilitiesDeb 5s 1956 93 105M 108 109 M 3M H 98 93"" 106 1st lien & ref 3 Ms ser E'66 A&O N Y Gas Elec LH&P Co— 1st g 5s Dec. 1 1948 J&D Pur mon coll tr 4s 1949 F&A Ed El 111 N Y con g 5s '95 J&J New Amster Gas 5s 1948—J&J NY & ER Gas 1st g 5s '44..J&J Con 5s 1945— J&J 107M 106 X Light & Power— 1st M colltr 5Ms *53 ser A.J&J con 4s '65 M&N 1st mtge 4s 1967 .M&S 1st mtge 3 Ms 1972 J&J Ohio Elec Pow 1st M 5s '57 .J&D Ohio L & Pow 1st 5s 1944-M&N 100 104 X 100 98 M 126M M&N Ohio Edison 1st & 104 —J&J 130 6s series B 1950...... 80 F&A Northwestern Power Oo Ltd— 73 1st M s f conv 6s '60 ser A.J&J / Certificates of deposit...... 73 Northwestern Pub Serv Co— 1st M 5s ser A 1957. J&J 101X N'western Teleer 1 st 4 Ms *44.J&J Ohio Cities Water 105 J&J I— Northwestern Utilities. Ltd— 1st ref 6-7s ser A 1949 .J&D Nova Scotia Light & Power Oo— 105M 105 M 103 M 102 X 104 105M 105M 104 M Northwest Louisiana Gas— 1st M 6 Ms 1936 with warr. J&D / 7 Northwestern Electric— 1st 6s stamped 1945....M&N 104 Northwestern Elevated (Chic)— 1st mtge 5s 1941 opt M&S / 12M Union El (Loop) 5s g'45..A&0 12 Northwestern 51M 102 S f reg income 3-6 Ms May 1 *69 N'west Cities Gas 6s 1949...J&J 115 River Gas—See NYGELH&P New York Edison Oo— 1st 1 & ref 3 Ms ser D 1965.A&O ©o © opt—.J&J / 126 Vs 111M M&N 51M 107 Northern Ind Pub Serv— 1st & ref 5s 1966 ser G —M&N 1st & ref 5s 1969 ser D M&S 1st & ref M 4 Ms 1970 ser E J&D Nor Indiana Telep 4 Ms '55.M&N 109 101M 58 98M 85 M Joint 1st mtge 4s ser A '42.J&J 53 North Texas Co 3-6s 1957 J&J N'eastern Wat & El 6s 54—F&A J102.22 100 Northern 111 Water 6s 1952 J&J 108 North Ind Gas & El 6s '52—M&N f g 5s 1940 89 M 104 Pacific Coast Power 5s 1940-M&S Pacific Elec Ry g 6s 1942 J&J 32 J&J Northern N Y Utilities Inc— 1st lien & ref 7s 1946 A...M&N 1st lien & ref 6s 1947 B...M&N Northern Okla Gas 1st 5s '46.J&J Northern Penna Power 06— 1st & ref 5s 1956 ser A...J&D 1st & ref 5s 1962 A&O Northern States Power Co— 1st & ref M 3 Ms 1967—F&A Northern Texas Elec Go— 88 M Ask 98 M J&J 1st mtge 4s 1961 „ Northern Utilities Co— 1st lien 4-68 1968 126 M '50.M&S 111M IflTjl ©oo F&A *103.15 103 % F&A 102 —F&A 103 X F&A North Penn Gas Co— 1st M & lien 5Ms 1957..-M&N North Shore Gas Oo of Illinois— ■ _ „ '47—F&A 126 r 110M 108M 3Ms debentures 1954 4s debentures 1959 North American Edison Co—• Conv deb 5s 1957 ser A.-M&S al03.10 Deb 5M& 1963 ser B F&A15 d Deb 5s Nov 15 '69 ser O M&N15 el05.19 Coll tr 49 _ J&J 108 M J&J 4Ms 1954 Newport Gas Lt 5s A 1961..J&D Newp News & Hamp Ry G & E-— Prior lien 6s 1st mtge 6Ms 1953 Norf & Ports Bdge 6Ms Bid ^ §1 103 Newport & Fall River St Ry— 1st 5s 1952 Y & East 96 M North Continent Utilities Gorp— 1st coll & ref 5Ms '48 ser A. J&J 62 M 63 1st s f 7s 1946 M&S / 15M New Orleans Pub Service Co— 1st & ref 5s 1952 series A..A&O 103 M 1st & ref 5s 1955 series B—J&D 103 M 5s stamped 1942.... 100 J&J Inc 6s Nov 1949 ser A J&D / 95 N 95 M See N Y Gas Elec Lt & Pow Niagara Falls Power— 1st & ref 3 Ms 1966 M&S Niagara Lockport & Ont Power— 1st & ref 5s 1955 ser A —A&O North Boston Ltg Properties 106 M 3 Ma secured notes 1947—. A&O North Carolina Gas 6s 48—M&N / 2 99M North Central Gas 5Ms 1955 A&O 62 M New Orleans City RR 5s*43 J&J New Orleans Pontchartrain Bdge 1st 5s series B 1951 N Y Cent Elec 1st 5Ms 1st M 5s 1951 ser A M&N N Y & Westchester Lighting— IX 91M 118M .J&D 1st & ref 5s 1944 •109M Sfdeb 5Ms 1956 5s stamped 1978 J&J 90 Nat Gas & El Oorp 5s 1953.F&A 90 5s series B 1947.........J&D 89 Nat Lt & Pow 6s 1949 Al&N 102 M Nat Pow & L deb 6s 2026 A.F&A Deb 5s 2030 ser B JH&N 99M Nat Public Service Oorp— Debenture gold 5s 1978..F&A / 35 Certificates of deposit / 35 Nat Toll Bridge 6s stmp '39.J&J 110 Nebraska Pow 1st 4Ms1981-J&D Deb 6s 2022 M&S 118M Nev Calif Elec 1st 5s 1956...A&0 81M 97 M Deb 6s July 1941... ..J&J New Amsterdam Gas—See N Y GELH&P Newcastle (City of) W 5s '41 J&D New England G & E Association Deb g 5s 1947 M&S Conv deb 5s 1948 J&D Conv deb 5s 1950 -M&N Convertible deb 5s 1962 J&J New Engl Pow Assn 5s 1948. A&O Deb 5Ms 1954 J&D New England Power—1 3 Ms series A 1961 M&N New England Tel & Tel— 1st 5s 1952 series A J&D 1st 4Ms 1961 ser B .M&N Newfoundland Light & Power— 1st s f 4Mb 1956 J&J New Haven Water— 1st &ref 4 Ms B 1970 A&O 1st & ref 4 Ms O 1981 M&S 4Ms 1983 M&N N J & Hud Rlv Ry & Ferry— 1st gold 4s 1950 M&S N J Pow & Lt 1st 4Ms *60—A&O New Jersey Water Co— 1st mtge 5s 1950 F&A New Mex Gas conv 5s 1951 M&N New Mexico Power— \ 1st mtge 5s 1958 ...J&J New Orleans City & Lake— 1st s f 5s 1943 J& J 103 108 M Nor Amer Gas & El 6s 1949..J&J / North Amer Light & Power Co— _ Newark Oons Gas con 5s '48. J&D Newark Gas 6s Apr 1 1944.-Q-J New Brunswick (NJ) Lt H & Pow 105M Ref mtge 3 Ms ser B 1967--J&J N Y Water Service Oorp— North American Co.— Deb 5s 1961—.. 3 Ms debentures 1949.. Municipal Gas & El Oorp of Recklnghausen 7sl947 105 102 M Bonds Oregon Elec Ry 3s 1958 M&S Oregon-Washington Water Serv— 1st M 5s 1957 ser A J&D Ottawa El Ry 4Ms '48-'55.J&J Ottawa Light Heat & Power— Ref & coll tr 3-3 Ms '39-'48 A&O Ref & coll tr 4s 1957 A&O Otter Tall Power Oo (Minn)— Ask Nippon Elec Pow Ltd (Japan)— 106 M 30-yr 3 Ms debs 1968 _J&D Muncie Wat Works 5s 1965.M&N 99M 100M Bid Bonds New York Steam Corp-— 1st mtge 3 Ms gtd 1963. J&J N Y Tel 1st 4Mb '39 tax ex.M&N _ d Called Mar. 15 at 102X- e Called Mar. 15 at 105M* PUBLIC nd prices are all securities Bid 108% Bonds 109 Rochester & Syracuse RR— 1st M conv 5s ctfs 1957_M&N Rockford Elec Co 1st 5s '39.M&S Rome 47 Ruhr 6 42 101 7 102% f 10 105 107 f 19% 104 p 20% 74 71 104% 91 74% 106% 71 97 98 109% 109% 109% 104% 113 105 22 f 41 42 99 101 106% 105% 99% 100% 105 149% 150 102 101 105% 105% 101% 106 110% 104% 110% 4%i serial notes Apr 15 1939-48San Diego Consol Gas & Elec— 1st mtge 4sMay 1 1965--M&N San Diego Co Wat 6s A '62-M&S San Francisco Bay Toll Bridge— 1st M sink fund 6%s *57-M&N Deb s f 7s 1942 M&N 96 58 107 Southwestern Public Service Co— 1st M s f 6s 1945 ser A J&J Southwestern States 1st M 6s 1948 105 105 1st 10 108" 10 80 102% 84% 85% 110% 146% 214% 83 82 ' 64 53 6s stmp ext May 1 *48—.-A&O 6s stmp ext May 1 '48 A&O Debenture 6s 1951 F&A M&S 1944 Debenture 6s 1966 J&D 6s gold debs 1957 F&A Standard Power & L Corp— 90 103 104 Shenango Val Water 4s B*61 A&O Shinyotsu Elec Pow (Japan)— 1st sink fund 6%s 1952 J&D Shrevp't Bdge & Term 5s*55-F&A Shreveport Rys— Gen income 4s Jan 1 1957-A&O Deb g 6s 1957 100% 55 57 70 48 Sierra Pacific Power Co— 87% 83% 88 80 82 Silesia Elec Corp s f 6%s'46 _F&A 97% 102% 98% Sioux City Gas & Elec Co— 1st mtge 4s 1966 101% 102% 114 81% 82% 1st & ref 5s 1960 ser A 1st 5%s ser B 1957 Mtge 104 101% 72 102" 74 25 26 30 26% 26% 26% 29% 27 27% 26 M&S J&J g 4s Dec 1, 1943 J&D 105% 103 20% 102% 103% 100 102 dst lien & ref 5s 1957 G 94 107% 69 55"" 109% 101 105% 30 66 66 66 65% Ry 1st 5s 1951. A&O Sutter Butte Canal 6%s *43.M&S Syracuse Gas g 5s 1946 J&J Syracuse Lighting 5s g 1951-J&D SyraC Rap Tr 1st g 5s 1946-M&S 2nd mortgage 5s 1930-J&J Taiwan El Pow s f 5%s 1971-J&J Tampa (Fla) Gas 5%s *56--A&O 5s 1961 A&O 25 126% 14% 4 53 88 Deb 5s 1958 85 J&D 74 M&N 85 Telephone Service (Ohio)— 5s 94% 1953 Temescal Water 1st 5s A '60 M&N Tennessee Eastern Elec Co— 1st M 5s 1943 F&A 72% J&J 1st M 5s 1955—_ F&A Southeastern Gas & Water Co— 1st lien 6s 1944 J&D 1st lien 6s x-w 1941 J&D S'eastern Indiana Pow 6s '43 M&N 66 Standard Public Service Corp— 1st lien 6s series A 1948 F&A 1st lien 6s 1948 ser B J&D Standard Telephone Co— 1st 1 coll tr 5%s '43 ser A-M&N Conv deb 6s 1938 ..M&N Stettin Pub Util 7s 1946 A&O Steubenville Wells burg & Weir ton 1st 102" 107 E & T—See Pub Serv ice South Pittsburgh Water Co— 1st lien & ref 5s 1960 ser A. J&J 1st lien & ref 5s 1960 ser B.J&J .—F&A 66 Telephone Bond & Share Co— 101% 100 South Bay Consol Water— 1st ref 5s 1950M&N South Carolina Power Co— South Jor 20% M&S Serial deb 3s to 1941 J&J Serial deb 5s 1942-46 J&J Sioux City (la) Serv 6sl951-J&J Somerset Un & Middlessex Ltg— 111 104 104 Convertible notes— 51 105% 105% 105% 98 103% Standard Gas & Elec of Delware 22% 104% 104% 104% 66" M&S 6s 1940 53" Shawinigan Water & Power Co— 1st M&cols f 4%s'67 serA A&O 1st coll tr 4%s 68 ser B.M&N 1st coll tr 4%s ser D '70-A&O 1st coll tr 4s ser F 1961 A&O 83 gen 20% 111% 53 Ref & 67 102 217"' 105% Stamford Water 1st 5s 1952—J&J Stand Elec (Calif) 1st 5s '39.M&S 49 Seneca Power Corp 6s 1946.M&S 52 103% 104 Springfield Terminal Ry 7s 1942 F&A 106% 103 66 Springfield (Mass) St Ry— 101% Second Ave Trac—See Phila Co— 106% 7 66 68 Spokane Falls & Nor 6s 1939-J&J Spokane Gas & Fuel 5s 1944-F&A Spring Brook Water Supply— 1st ref 5s 1965 A&O Spring Val Util ref 6s 1943—J&D Springfield City Water— 1st mtge 4s ser A 1956 A&O Springfield (Mo) Gas & Elec Co— 1st mtge 5s 1957 ser A J&D - Lighting Co— 5s Telep Co— M&S 1st 6s 1949 101% 106% Income 3sApr 1 1959-..-M&N / Seattle Gas 1st 5s 1954 A&O 107% Southwestern Bell Telep— 1st & ref M 3%s ser B '64. J&D 1st & ref M 3s ser O 1968 J&J Southwestern Gas & Elec Co— 1st 4s series D 1960 M&N Ser deb 4s A 1939-1945--M&N 5s*59_A&0 4s series B1959 Seattle J&D J&D A&O Scranton Trans ser A 125 1st 6s series O 1947 Conv deb 6s ser A 1932 136 1st & ref 5s series B1961.F&A 61 49 106% 111 Savannah Elec Co 5s g *52.J&J 105% Sayre (Pa) Elec 5s 1947. A&O 8 Schenectady Ry 1st 5s Mar 1. '46 / Scioto Val Ry & Pr 1st 6s *43. J&D / 76 85 85% 89 106 2 104 Ry debenture 4%s 1943—J&D Savannah & AtlantaRv— 1st cons 6sMay 1 1935 8 J&J / 103 95 70 98% 134% 21 1 1st mtge 3%s ser A 1961-.J&D Santa Barb Tel 3%s ser C66 J&J Sandwich Windsor & Amherstb'g 1 st & ref 58 1967 ser A 96 126 Southside Va Pow 5s 1956--F&A Southwest Gas Co (Okla)— 1st s f 6s 1954 M&N Southwestern Light & Pow Co— 1st M 5s 1957 ser A F&A 1st M 5s 1957 ser B F&A Southwestern Power & Light-— Deb g 6s 2022 series A M&S 20 1st 4%s 1958 M&S Scranton-Spg Brook Water Serv— 82 104% Non-cum 6s (ws) 1951Southern Utah Power Co— 1st M 5%s May 1. I960—M&S Southwestern Assoc Telep Co— 1st M 5s 1961 A&O 105 Scranton Gas & Water Co— 74 6s 1942—_A&O 1937--M&S Southwest Telep 6s B 1947-M&S 110 1st & ref 4s 1947 ser D—Q-Jan 1st & ref M 58 ser F 1955.M&S 104 s f S'west Pub Serv 6%s 114% Savannah Elec & Power Co— 108% 108% 105% f 4 %s '51 A&O S'west Nat Gas inc 6s 1966--A&O 105% 100% San Jose Water Works 107% s Soutnern United Gas Co— 103% San Joaquin Lt & Power Corp— Unif & ref 6s 1952 ser B—M&S 103% 100% pipe line Southern Neb Pow 5%s B'47 J&J South N E Telep 1st 5s 1948-J&D Southern Trac—See Phila Co Southern Union Gas— 1st & ref 5%s series 11945 A&O 1st & ref inc 5 %s ser II'45 A&O 10-year coll A&O 1st mtge 4s 1963 16% 106% 104 102% 103 109 107" San Angelo Telep 1st 5s 1958 F&A San Antonio G & E 5s 1949.M&S San Antonio Public Service— f 108% 108% 110 (Calif) M&N Corp— Adj mtge inc Jan 1 6s '60-A&O 1st M F&A 6s 1939-1943 104% Southern Natural Gas 103 109% 101% 106% 105% 48 104 Southern Counties Gas 1st M 4%s 1968 27% 101% 104% 1948—_M&N Ask Southern Colorado Power Co— 1st g 6s 1947 series A J&J 5 100 A&O Safe Harbor Water Pow Corp— 1st mtges f 4%s 1979 J&D Saguenay Elec 5%s A 1953-J&J Saguenay Power 4 %s A 1966 A&O 103% 1st 4%s series B 1966 A&O Serial notes 2%-4s to'46—J&D St Clair County Till) Gas & El— 1st cons guar 5s 1959 M&S 22" St Joseph Ry. Lt Heat & Power— 1st mtge 4%s 1947 J&D 21% 3-4%s serial notes 1940-43-J&J St Joseph Water 4s A 1966—A&O 75 St Louis Co Gas 1st 5s 1951. A&O 72 St Louis Springf & Peoria RR— 1st & ref gu g 5s *39 opt—J&D 93" St Paul Gas Light— Gen gold 5s 1944 M&S 74% Salmon RivPowguSs 1952 F&A 107 Salt River Val Water Users Assn 95 106 Bonds Southern Cities Utilities Co— 1st lien & coll 5s 1958 A&O 102 (Ga) Ry & L 5s '46—A&O Gas Corp 6%s '53 A __A&0 Gen M 4%s May 1st 8 f 4s Oct 1945 45 100% 15% Ask Rumford Falls Pow— 68 77 BONDS Bid Ask 33 f UTILITY "and interest" except where marked "f" and income and defaulted bonds as possible for the closing day of the month preceding the date of issue are as near 94% Cor 102 Ref s f 6s series A 1955—M&N Tennessee Electric Power— 1st & ref 6s 1947 ser A J&D 1st & ref 5s 1956 J&D Tenn Pow gu 5s 1962 opt__M&N Terni Hydro Elec 6%s 1953-F&A 105 101% 100% 100% 100 99 46% Terre 43 Haute Traction & Light— 1st con M g 5s 1944 M&N 46 70 99% io6% Terre Haute W W Corp— 1st M 6s 1949 ser A 1st M 58 1956 ser B 108% J&D F&A 105% S'eastern P & L deb 6s 2025-M&S Southern Bell Telep & Teleg— 101% 102% 103 3 %s debentures 1962 A&O Southern California Edison— 1st & ref mtge 4s I960M&S 107% 108 Texarkana Wat 1st 5s *58—F&A Texas Consumers Water— 1st 6s A 1939— A&O Debenture 110% 105% Ref mtge 110 111% 105% 110% 110% Texas Elec Ry 5s 1947 J&J Tex Trac 1st 5s 1937 opt J&J Texas Electric Service Co— 1st mtge 5s 1960 .-J&J 83 84 77 78% 3%s 1945 M&S 3 %s May 1 I960-J&J Ref mtge 3 %s ser B I960—J&J 102 55 65 123 Southern California Gas Co— 1st & ref 4%s 1961 M&S 109 109% 1st M & ref 4s Aug 1 '65. F&A Southern Calif Water— 108% 108% 110 1st M 4 %s i960 Southern Canada Power— 4%s 1962 A&O A&O 110% 107 109% 99% 107% 110% 100% 107 52 29 Texas Hydro Elec Corp— 1st mtge 6s ser A 1956 32 A&O Texas Pow Corp 6s 1956—M&S General 6%s 1956--— M&S Texas Power & Light— Texas Traction Co 5s 193/--J&J li ccrued Interest, k Last Bale, n Nominal, r Canadian price. 4 101% A&O / M&S Deb g 6s 2022 ser A J&J 1st & ref 5s 1956 M&N Texas Pub Serv 1st 5a (w-s) 1961- 101 49 Texas Gas Util 6s 1945 1st 2-6s 1951 "4% 26"" 89 90" 106% 92% PUBLIC 78 BONDS UTILITY NOTICE—All bond prleu are "and interest*' except where marked "f" and Incom* and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bid Bends Ask | Bid Bonds Bid Bonds Ask 1 Third Avenue Ry (New York)— 1st ref g 4s 1960 opt aft 14 J&J f AdJ Inc g 5s Jan 1960 opt—A&O Third Ave BR 1st 5s g 37--J&J f Union Ry 1st 5s g 1942—F&A Westchester El 1st 5s g 43-J&J Yonkors Ry 1st 5s 1946--A&O Tide Water Power 1st 5s '79.F&A Toho Electric Power 1st s f 7s 1955 ser 45 44 M 12M 88 90 69 53"' Tokyo Elec Light Oo (Japan)lst g 6s 1953 series... J& D15 Toledo Edison 3 Ms 1968 J&J 50 91 91% 70M (Japan)--, A—M&S15 60 55 72 57 107 M 56 106 M 104 S f deb 4s 1948-—--—-J&J Traction Term'l Corp 5s 57—J&J Trenton Q & El g 5s 1949-.M&S Trent'n Pass Ry 1st ext 6s 61 A&O 64" 62 123 124% 50 Trenton St Ry ext 5s 1968.-J&J / General 6s 1941......—J&D / 40 10 103 M Tri-Oounty Telep 4M» B 56 A&O Troy City Ry 1st cons 5s '42 A&O f ,nkV* 100 Troy Gas Co 1st 5s 1939--M&N Twin City Rapid Transit Co—_ 56 H 1st lien & ref 5H* A 1952J&D 55% 1st lien & ret 5 Ha B 1951— J& J Twin States Gas & Electric—: 106 1st 1 & ret SHa 1945 Ser A.H&8 Tyrol Hydro-Electric Pow Co—1st Ms f 7Ha 1955—..MAN / 24 Guar s f 7s 1952 —F&A / 24 UJlgawa Elec Power 77 1st M s f 7s 1945 —M&815 "2% 56 % 56 M Union Elec Co of Missouri-— 30 78 . 109 109 % 103 % 103 M 94 98 _ 97 97" . Union Ry—See 103" 102 Union Gas System—' 1st M & coll s f 5s 1948—J&D Union Passenger Railway— 1st 4s Miir 31 1961 A&O 2d ext 4s Mar 31 1960....A&O Union Pub Serv (Del) 6s *39-J&D 59 60 _ 50 48 99M 100 102 M 104 Third Ave Ry Union Traction—See Phlla R T Union Water Service Co— First lien 5M» *51 ser A.M&N Union Water Works Co— 1st lien 5Ms 1942—-M&S U5 / 17 Unit Elec Co of N J 4s '49—J&D 116M United Elec Rys (Providence)— 91 Gen ref M 5s Jan 1951 ser A— 86 Gen ref M 4s Jan 1951 ser B— United Electric Service (Italy)— Extl 1st s f 7s 1956 ser A—J&D 47% United Gas & Fuel (Hamilton)— 102 1st s f 5Hs 1948 —J&J United Ilium Co New Haven— 102 M 1st 4s Feb 1 1940 F&A United Light & Power Co— <M>80 Deb gftks 1974 M&N 105 1st 1 & consul 5M® 1959—A&O 79 M Deb g 6s 1975 M&N A'52 A&O 113 United Lt&Rys (Me)6s A'52 A&O 78 Deb 6s 1973 J&J 89 M Un Lt Rys (Dei) deb 5M>*52 F&A 117% Eq 7 Ha Feb 15 1936 United Rys of St LouisGen g 4s July 1 1934 F&A / MM M Waukesha Gas & Electric Co— 115 1st 5s 1959 J&J West Canadian Hydro-Elec— 98 1st 6s ser A 1950 J&J 98 Conv deb 6Ms 1945.. J&J 100 % West Coast Telep 5s A 1953.J&J w est End St Ry—-See Boston El West End Trac—See Phila Co West Ohio Gas 6s A 1954—J&D f 59 105 West Penn Elec deb 5s 2030. A&O West Penn Power— 120 M 1st M 5s 1963 series E M&S 110M 1st M 3 Ms ser 11966 J&J 110M West Penn Tr 1st 5s 1960. -J&D West Phlla Pass Ry— 45 1st ext 3 Ms 1956. A&O 65 2d extended 5 Ms 1956 M&N West Texas Utilities Oo— 1st M 5s 1957 ser A 102 M A&O 108 7% 7% ... ioi'% 105 M lllM Arkansas Nat Gas common..—* Class A * 11* 84 35 23 M 22 M United Securities Co— Coll s f 5Hb ser A 1952—M&N Coll s f 5Hb ser B 1952—M&N United Telep Del 6s A 1948 A&O United Tel & Tel 5 Ms A '53.M&N 1st lien 6s ser B 1953 M&N United Traction (Albany)— 29 28 27 30 60 60 90 98M 100 _ Con g 4 Ms 2004 J&D Unit Trac (Pgh)—See Phlla Co Unterelbe Power & Light CoSink fd M 6s 1953 A&O Utah Lt & Tr 1st 5s 1944 A..A&O Utah Power & Light Oo— Deb 6s May! 2022 M&N 1st lien gen M 5s 1944—F&A 1st lien & gen M 4 Ha 1944.F&A Utlca Belt Line Street Ry— 1st 5s 1939 M&N Utlca El L & P 1st 5s 1950— .J&J Utlca G & El ref & ext 5s '57 J&J Utlca & Mohawk Valley Ry— 1st 4 Ms 1941 —M&S Utilities Power & Light Corp— Deb g 5Ms 1947J&D Deb 6a 1959 F&A Utilities Public Sot vice Co— Conv 6s 1933... J&D / 3% — — 102 M 106 125 H 108 96 M 97% _ 90% 97% 94% 98 94% „ f 7 6 120 126 / 2 3M \ 68 M 67 69 / 6M VermontLtgCorp 1st 5s'44 A&O / 16 Vesten Elec Ry 7s 1947 J&D / 19 Virginia Electric & Power— 1st & ref M 3 Ms B1968—M&S 109 M Virginia Public Service Co— 1st & ref 5 Ms 1946 ser A—F&A 96 1st & ref 5s 1950 ser B....J&D 91M 99 M )eb s f 6s 1946 F&A 87 Wabash Telephone— 1st M 4 Ha A 1956 103 J&J Washington Gas & Electric Co— 1st s f 5Ha 1947 66 —F&A 1st M 6Ha 1953.. 66 J&J 1st M 5s 1955 M&N 65 49 1st lien & ref 6s w w 1960.F&A 125 Washington Gas Lt 5s '60—M&N Wash Ry & El g 4s 1951 108 M J&D Anacost & Pot 5s 1949—A&O 1st guar 5s 1949 lid" ...A&O 83 City & Sub 5s g 1948 F&A 8 ist & ref 6s ser O 1952.—.M&S 69 92% i01M 88 99 M 106" —A&O Wisconsin Hydro-Elec Oo— 1st M 5s 1947 A&O Wisconsin Michigan Power Co— 1st mtge 3 Ms 1961 J&J Wisconsin Minn Light & Power— 1st & ref 5s 1944 opt *19—M&N Gen & ref 7s 1947 J&J 1st & ref 8s 1944 M&N Wisconsin Power & Light— 88 62% 65% 64 105 M * * —* ................ Amer Gas & Elec com 50 M 127 M 110 83 88'" * * $6 preferred Amer Gas & Power * com 1st $6 preferred — American Light & Traction. 9% * ..25 .....25 preferred. Amer Power & Light com—.—* $6 preferred. $5 preferred. ....—* — -* __mer Public Serv 7% pref—100 American Service 13 preferred. -* ........ ...» 7% preferred.——— .100 6% preferred.............100 Bear Mt Hudson River Bdge... Beverly Gas & Elec —25 Birmingham Elec 37 pref....—* 36 preferred. .......—* Birmingham Gas 36 pref. ...* Birmingham Wat Wks 6% pf.100 Blaclcstone Vai Gas & El pref. 100 .. No par value, b Basis. / Flat price. £ Last sale, n Nominal, r P 6M 5 5 i—' o o i—' ■ 103 104 90 102 «■» f 53 107M 64 at rn m. 104 68 108 M 69% 55 108 M 71 108 M 98 M 97 »•« Vk* 29 30 5 3 98 115 35c 1.50 22 M 134 110 3 4] 1743 1213 45 M 83 75M 38 103 112 143 30 107 M 108 M 106 106 106 M 113M 116M 103 % 103 M Brooklyn Edison............100 Bklyn Manhat Transit........* 36 preferred series A ........* Bklyn & Queens Transit com...* 36 preferred— * Bklyn Teleg & Mess'ger (gu).100 Brooklyn Union Gas * Buffalo Niagara & East Power— 31.60 prior preferred......25 35 1st pref ... 55M 9 35 26 23 43 150 M 50 18M 22 106 Oable & Wireless Ltd— Ordinary shares 7M% A ord Amer dep rec £1 Amer dep rec B ord .....£1 Amer dep rets 5M% pref—£1 P 3$ Oalif-Oregon Power Co— 0% preferred series of 1927 100 6% preferred ...100 Calif Water Serv 6% pref——100 71 100 M Canada Nor Pow com ....—.* 15% 71 Canadian Marconi............1 100 109 M 47 102M 51 58 24 105 M 94" 95 93 92 84 79 85 W* 82 58 M 17 M iiM is 1 38% 114% 1H 1M 39M 115 2 2M 17 26M 6M 47% 17% 29 48 tr* 43 67 15 16 Capital Transit (Wash, D O) 100 Carolina Pow & Light 37 pref —* 36 * preferred. Carolina Tel & Tel............. Cent Arkan Pub Serv Corp pf 100 Central Elec and Tel com 1 6% preferred Cent Hud G & El —.......50 com.... * 4M% preferred ... 100 Cent Illinois Light 4 M % pref. 100 Cent 111 Pub Serv 36 pref* Cent Indiana Gas 6M% pref.100 Cent Indiana Power 7% pref 100 Central Maine Pow 36 pref...100 37 preferred 100 Central N Y Power Corp— 5% preferred............100 Cent Ohio Lt & Pow 6% pf * Central Pow & Light 7 % pref 100 6% preferred..—....... .100 Coat & 8 W Utll com..——50c Preferred..... ———* Prior lien preferred— -♦ Central States Edison.........* Central States Pow & L 37 pf—* Cent Vermont Pub Serv 6% pf-* Central West Co. ▼ t c -.5 Chester Water Serv 5H % pref—* Chic City & Con com part ctfs..* Pref partlc ctfs.. ——* Chicago Rys partlc ctfk ser 1—100 Series 2———— -100 Series 3—-——————100 8eries 4 -100 Cincinnati Gas & Elec 6% pf 100 Cincinnati Gas Transp100 Oinc New & Oov Lt & Trac—100 Preferred —100 Cincinnati Street Ry. ...50 Olncin & Suburb Bell Telep—50 -10 100 ——* Preferred BB— ——* Cities Serv Pr & Lt 36 pref * 37 preferred--.-—-.— -—-* Citizens' Pass Ry—-See Phila R T Citizens Traction—See Phila Oo lities Service com.—. Preferred--... Preferred B— Citizens Utilities com——...—. * M ..100 Boston Elevated Ry com....100 Brazilian Tr Lt & Pow ord—* Class B. Brockton Gas Light Co v t C—25 106 M Yonkers Ry—See Third Ave Ry 100 York (Pa) Gas 1st 5s 1941.M&N 116 York Haven Wat&P 1st 5s'51 J&D York Rys 1st M* 5s '37opt.J&D / 93 93 M 5s stamped 1947.—. J&D §6 cum pref. P 6J 87 j 82 M Bridgeport Gas Light .......* Bridgeport Hydraulic Co......20 Brit Col Pow Corp A.——* 105 M Cum income 6s (w s) 1952. J&D / 54 Wuerttemberg (Germany)—See Oonsol Hyaro-Elec of Wyoming Vail P 8 6s 1971..A&O / 19 105 Yadkin River Pow 1st 5s '41 A&O * * $5 preferred —. ——...* Alabama Water Service pref * Allegheny Traction—See Phlla Co Allentown Beth Gas pref 50 Amer & Foreign Pow com——* preferred—.........100 34 preferred...—.—......* Boston Edison Co 104 M 109 % 1st mtge 4s 1961 —J&D 45 Wolverine Pow adj 4 Ms Mar 1 '59 100% Worcester St Ry 5s A 1947. J&D Worcester Transit Association— Cum income 6s 1952 —J&D f 47 Alabama Power $7 pref S6 preferred —...— J* 1M Beauharnois Power com * Bell Telephone (Canada) ..100 Bell Telep of Pa 6M% pref —100 104 M Aug 1952ser A— .F&A Wilmington Ry Bridge— 1st 5s 1943 A&O Winnipeg Elec 1st 4 Ms 1960.J&J mtge3Ms 1966— 3 36 ....... - 97% o« Gen 4-5s series A 1965 J&J Gen lnc 4-5s ser B 1965 J&J Wise Elec Power 3 Ms 1968-A&O Wise Fuei& Lt 1st 5s 1948..M&N 89 H 110 104 S>tion warrants ————.—* preferred 99" Bangor Hydro Elec com.... .25 63 Williaxnsport Water Oo— 7 second 2nd {7 preferred. pref series A 66" Original preferred..—...... 34 preferred 35 preferred 36 preferred ...._* 36 M preferred * otic City Elec 36 pref...... * Bait Transit Oo v t c ---* Preferred v t c———.100 22 Warrants com Class A PUBLIC UTILITY STKS. 96 M -• ....1 1 ....— 105M 20 110 0% preferred Associated Gas & Elec Common class A 37 1st 105" 8 / / ....... Telep Oo Ltd 31. 25 pf—• Assoc Telep & Teleg 36 pref....* Wisconsin Public Service Corp— 20 M ...—...10 Assoc 66 1st mtge 4s ser A 1966 J&D 4s serial deb June 1 1939-1946. f —50 Arkansas Pow & Lt 37 pref...—* 64M 1st 6% preferred 6% preferred 112 Wisconsin Gas & Electric— -J&J / City & Sub Pub Serv 5s '34.J&J f ........ . 77 23 M 158 M 25c 5 13 % 5 Wichita Water 6s 1949 M&S 1st M 5s 1956 ser B—_.F&A 1st M 5s 1960 ser O M&N llH Appalachian El Pow 7% pref —* o% preferred ' Arizona Edison com v t c_— Arizona Power 86 preferred—...* Arkansas Missouri PowerCommon— 62 124 M 107M 30-year la Mar 1 I960.— JM&S Mut Un 6s ext at 5%to'4lM&N Western United Gas & Elec Co— 1st 5Ha 1955 ser A..—.J&D 1st 5s series B 1957 M&S Western Utilities Corp— 15-year s f 6s 1952— M&N 81% 88 M Preferred $61series —* American Telep & Tel eg 100 Amer Utilities Service com ..* _ 104 5 4s 1948-1953 ——A&O / % Western Uont Utll 6s 1944..M&S / 104 Western Lt & Telep 5s 1954.A&0 Western Mass Cos— 104 M 3M % coup notes 1946——J&D 107 M Western N Y Utilities 5s '46. J&D Western N Y Water Co— 100 1st M 5Ms 1950 ...M&N 96 1st M 5b 1951. M&N 97 M 1st 5s series B 1950 J&J 75M Deb s f 6s extd 1950—...M&N 104 Western Pow (Can) 5s 1949.-J&J 67% Western Pr Lt & Tel 6s 1948. Western Public Service Co— 88 M 1st & ref 5 Ms 1960 F&A 85 Western States Utll 6s A '45.A&O Western Union Telegraph— 61 % Fdg & R E M 4 Ms g '50—M&N 65M 25-year g 5s 1951 ——J&D 1st M ...25 Amer Superpower Corp com..—* First $6 preferred. 6% preferred .....25 Amer Wat Wks & Elec com.....* 86 1st preferred * 76 Wheeling (W Va) Electric Oo— 1st M 5s 1941 opt——M&N 79% 113M 1M com ... 103 M 106 Utility Preferred 101% 102 Westmoreland Wat 5s '52. .J&D Westphalia United El Pr (Germ 1st M s f 6s 1953 J& / 20 M 50 „ United Pub Utll Corp— Conv coll tr 6s A I960--.-J&J Oonv coll tr 5M> B 1960—J&J United Rys Cos 4% ctfs '49.J&J / United Railways or Havana— Waterloo Ced Falls & No Ry 1st Msfg 5s 1940— .....J&J Certificates of deposit Bridge 3M-6 Ms, 1960 J&J West Va Water Service— 1st mtge 4s 1961 A&O Westchester Elec—See 3d Ave Ry Westchester Lt 1st g 5s '50—J&D Gen mtge 3 Ms gtd 1967 J&J Westchester Service Corp— ^ 1st mtge & colltr3tts 1962 J&J 8% notes, 1942—J&J Union Elev RR—See N W Elev Union Gas & El 1st ext 5s '40M&S Union Gas Co. of Canada— 1st serial 4s 1939-42...—-J&D 1st serial 4Mb 1943-45..—J&D 1st 4Ha 1950 -J&D 106 West Virginia Ohio River ^ (Jap^n)—^ Amer States Washington Water Power Co— 1st rer 5s 1939 op.........J&J 1st & gen 5s I960... J&J Canadian price, x Ex-dividend. 7M 93 H 84 M 145 94 95c 34% 13% 111 lliH 73 60 36% 87 95 % 95 80 93 M 86 M 1M 48 103 1M 4 100 1 100 106 90 95 75 2M 90 M 8H 46 M M 39 70 M 72M 2M March, 1939] PUBLIC Quotations for all securities Stocks Par Bid are as near as Stocks 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 ...... 36 54 $4.60 preferred.... Cleveland Railway 100 11354 21X 106 854 6% preferred series A 6% preferred 5% conv preferred 100 100 95 67" 68" Foreign Light & Power units 98 854 Frankf'd 80 71 Franklin Telegraph (guar) —100 Gandy Bridge common * Gardner Elec Light common. 100 109 28 2854 Optional warrants............ $6 preferred * Commonwealth Tel (Pa) 7% pref. 63 1 154 12 12 General Pub Util common 49 52" Gen 3854 40 1 1.0454 98 100 ll\x 25 10854 n 100 * * * 3854 31 15 Detroit City Gas 6% pref....100 102 120 100 100 107 100 115" 28 109 1254 4154 36 n 21 354 354 75 78 70 73 54 1654 1654 3 2554 1154 3854 34 26 95 3154 10854 1 18 17 454 2654 60 Ellxabethtown Water Cons... 100 100 Eliz Consolidated Gas 100 195 Empire & Bay State Tel (gu) 100 Empire District Elec 6% pf—100 Empire Gas A Fuel Co pf 8%-100 Preferred 7%-... 100 654% preferred. 100 6% preferred 100 Empire Power Corp par tic stk._* $6 preferred * Empire Telephone com. 6% Preferred 25 Engineers Pub Serv com...... $5 cumulative preferred.— * $5)4 pref (with warrants) » $6 preferred * 41 68 98 3154 50 50 - Company.............50 Essex & Hudson Gas... European Elec class A -100 5854 57 55 22 77 80 57 4 5 14 17 1054 ?§* II* 1054 Internat Ocean * Without par value. 83 1454 1554 8554 37 50 40c _54 ol* 37 9 1754 117 9 154 6 2354 654 34 54" HO 110 69 11 100 102 10654 3 4 8 854 754 69* Teleg (guar)..100 .__* r r 20)4 Feb. 23 62 3 100 Units. 73 International Ry v t c 100 Internat Teleg of Me (gu) .100 international Telep 8c Teleg * Foreign share ctfs ...—.* Interstate Natural Gas Interstate Power pref $7 $6 preferred.. Investors Telephone com Iowa Electric 654s pref * Common with warrants Common without warrants $2 Preferred 100 60 67 104 conv 101 * r 354 30 Preferred 100 r 131 Jamaica Water Supp 7 5454 54 % pf„ 50 Jersey Cent Pow & Lt 7% pf-100 9754 6% preferred 8854 —100 554% preferred 8354 100 k Last sale, n Nominal, r 2 50 31 Canadian &X 95 94 ♦ 85 preferred * $6 preferred series O —.* $6 prior preferred * 7% prior preferred * Mexican Northern Ry com—100 Preferred 100 cum ... 97 10654 10754 "5" 5 Mexican Utilities preferred Michigan Gas A Elec— 7% prior preferred.——100 Middle West Corp com ...6 69 8 54 354 54 Midland United com...—..—* Convertible pref A * Midland Util 7% prior lien..100 6% prior lien —..." 7% preferred class A .100 6% preferred class A 100 Minnesota Pow A Lt 7% pref 100 $6 cum preferred 100 Mississippi Power $6 pref. .* $7 preferred * Miss Power A Light 8% pref.. _* n 87« 82 85 79 115 Mississippi Riv Pow 6% pref.100 Mississippi Valley Util —..* Missouri Pow A Lt $6 pref * 99* Missouri Pub Service com __* Monongahela L A P—See Phila Co Monongahela St Ry—See Phila Co Monongahela Val Water 7% pfd. Monon-West Penn P S 7% pref 15 Montana Dakota Utilities com. 10 354 95 2654 Jk* 62 100 100 _* Montana Power 6% pref Montreal L H A Pow Cons Montreal Telegraph Montreal Tramways com. Mountain Fuel ..40 100 Supply 10 com...... 1 .50 com.... ... com 68 102 r Mountain States Power— 7% preferred 100 Mountain States Tel A Tel.. 100 Nassau A Suffolk 7% pref 100 3054 r 54 69 454 36 123 1254 1154 39 10 100 100 854 84.54 11054 106 2 -.100 35 144 45 a.4* 38* 95 8454 price, x Ex-dividend. 1854 134 A^ 40 13 com 6% preferred.......... 5654 9954 12 66 * 39 .100 111 67 New Haven Water 50 New Jersey Pow A Lt $6 pref * New Jersey Water pref......100 New Mexico Gas 24 13 ... $6 prior pref New England Tel A Tel .54 J Called Mar. 1 at 105. c— 1 $6 preferred $5 $7 preferred |6 preferred 24 36 4 a Assodatesv't partic preferred Metropolitan Edison Co— 97 15 2354 Memphis Natural Gas ...5 Memphis Power A Light $7 pf. * 99 * Pub Service Ltd 5% $554 preferred stampedNew Eng Pow Assn com— 6% preferred 100 $2 preferred * New England Pow Co $6 pref.100 New England Pub Ser com ~ $7 prior preferred..... 28 * IX * * New Eng Gas A Elec Assn- 654 954 * 654 Newark Consolidated Gas....100 New Bedford Gas A Edison Lt.25 6 100 554 72 80 * Preferred 23 * * 854 pref * Market St Ry(San Francisco) 6% prior preferred 100 Mass Power A Light Associat'n— 6% preferred.. Nevada-Calif Electric >ti — guar 100 National Power A Light com...* $6 preferred ._.* Nebraska Power 7% 1st pref 100 14* * 654% preferred... $; preferred Common .54 25 3754 Iowa El Lt & Pow 6% pref—100 7% preferred 100 Iowa Power 8c Lt 7% pref lo wa Pub Serv $6 pref 17 1 Modified 5% guar 100 Marcon Int Marine Commun'y— Amer dep rets for ord shs £1 Marion (Ohio) Water 7 % pref.100 Marion Reserve Pow $5 National City Lines $3 convpreferred National Gas A Elec s8 l Iowa Southern Util 7% pref—10ft 6% preferred 100 Italian Superpower common A—* 56 64* 10654 1st preferred Internat Power Securities 8454 92 25 25 6% preferred International Power Co.. 93 10254 Maiden Electric Co Maiden A Melrose Gas Lt Manhattan Railway 5% preferred- 754 1954 54 12 49 84 20 ..........100 $1.75 preferred $3.50 prior preferred Warrants series of 1940 19 115 100 100 25 iy Qfyoii fo 11 10 Railway Co Mass Utilities Light— preferred 'A Jamaica 50 554 95 * cl A Preferred Lowell Electric Light Luzerne Co Gas & El $6 pref.100 $7 preferred loO 5 110 4 2354 ....... 78 10 30* 114 50 654% preferred.. —100 Indianapolis Ry Co v t c 100 Interboro Rapid Transit.....100 Internat Hydro-El Syst A 25 Conv pref $3.50 series 50 Warrants 75 212 Falrm't Pk & Hadd Pass Ry—See Phila R Fall River Elec Light 52 —25 Fall River Gas Works 25 1354 Federal Light & Tr com 15 1554 * 6% 72" 55 20 54 107 101 11154 7% preferred 100 Indiana Telephone Corp ..100 Indianapolis Power 8c Light— 205 6054 5854 5854 7254 107 54 354 2554 30c 100 com 7% 86 25 102 * ... International Utilities A Class B_ Option warrants com 212 154 454 100 non-cum Illinois Power 8c 20 77 49 $6 preferred 50 33 Illinois Water Serv 6% pref..100 J 105 Illuminating Shares class A * 5254 Indiana Assoc Telep $6 pref ♦ 10154 Indiana 8c Michigan Elec— 7% preferred —..100 10754 Indiana General Service— 6% preferred —100 Indiana Hydro Elec 7% pref.100 67 Indiana Service Co 6% pref—100 9 70 50 ..... 50 100 5% conv preferred... Arrears certificates 154 67 454 Preferred ($6) Federal Power 8c Light Preferred 1! 54 6254 354 354 1154 3954 3554 2654 454 Preferred 854 21 154 3 Eliz & Trenton RR com.. 16 114 * A* 30 Lynn Gas & Elec Co. 25 Mackay Companies 4% pref. .100 Hestonville M & F—See PhilaRT Illinois Iowa Power common 3 100 25 Holyoke Water Power ...1 Houston Lt 8c Power $6 pref.—.* 135 6154 .... 654 35 8 25 454 125* l\H 70 El Paso Electric Co (Del)-— Preferred series A 7% '__100 El Paso Nat Gas com 3 Essex Haverhill Elec Co Haverhill Gas Light 7 69 ♦ 1 100 6% preferred Havana Elec 8c Util $5 pref.—..* 1254 * 25 3 2054 x 35 47 10c 54 25 com Preferred Havana Elec Ry com 5% Louisville 4754 111 254 62 854 ♦ 6% preferred. "54 Harrisburg Bridge Harrisburg Gas 7% preferred. 100 Harrisburg Rys common......50 Hartford Electric Light 25 Hartford Gas 30 95 * vtc 5 4 * 102 6 * 2 12 ... 9954 2854 preferred 100 Huntington Water 7 % pref—100 Idaho Power 7% pref... 100 6% 1 st preferred. * 5 Light Corp Louisv Gas A Elec 100 r common Hudson County Gas Hudson & Manhattan 67 20c ..* Preferred Preferred Hamilton Gas 125 «(.._..* $7 preferred $6 preferred 2d pref series A Optional warrants 16 52 5 75 100 Long Island Lighting com * 7% preferred A 100 6% preferred B 100 Longview Bridge class A— Louisiana Power A Light $6 pf.* 54 .....20 Houston Natural Gas com 10c Eastern Gas 8c Fuel Assoc's com * * 50 preferred- 1554 10354 6554 Duquesne Nat Gas common .* $4 preferred $5 preferred. _• Duquesne Light—See Phila Co— 7% "154 11654 6% preferred * Danbury 8c Bethel G 8c E pf.._25 Dayton Pow 8c Lt 4 54 % pref.100 Denver Tramway com * Elec Power & 8754 154 X Dallas Power A Light 7 % pref 100 .... 1554 8354 21 % Greenwich Gas $1.25 pref—.—* Greenwich Wat & Gas 6% pf-100 71 Gulf Power $6 preferred————* 89 2754 Gulf States Util $6 pref 10554 * 180 10054 $5.50 preferred * 10254 Hackensack Water 25 2954 9654 33 7% pref class A.—.........25 Hamilton Bridge.. 4 *r 58 Cumberland Co (Maine) Power A Lt 6% pref.......100 Elec Power Association Class A full paid 60 20 72 t C.....1 $6 preferred $5 preferred 1654 154 4954 1754 Germantown Pass—See PhilaRT Gloucester Elec Lt Co 25 Gold & Stock Telep (guar) 100 Green & Coates—See Phila R T Green Mt Pow Corp $6 pref...* 8554 Continen Pass Ry—See PhUa R T Crescent Public Service com 1 Cuban Telephone pref 100 * 154 47 9454 17954 10154 9554 $4.60 preferred ._...* Continental Gas & Electric— 7% prior preferred 100 com Preferred 36 26 1154 47 25 Lone Star Gas Corp 35 35 54 21 25 94 10554 69 88 77 32 4 64 103 * 80 41 25 * 3454 85 34 Lexington Wat Serv 7% oref.100 Light 8c Pow Securities Co * $3 preferred Georgia Power $6 preferred $5 preferred 117 105 107 57 6 78 116 Consumers Gas (Reading)....25 Consumers Gas (Toronto) 100 Consumers Power $5 pref * Eastern Util Assoc Conv stock 50 1 554 100 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 63 Gen Wat Gas 8c Elec com A 6* 100 20 Warrants Gen Telep Allied Corp $6 pref—* Gen Telep Tri Corp 92 * Lawrence Gas & Elec Lt_ Lexington Util 654% pref 50 % Electric Bond 8c Share.... 1 51 50 118 Consolidated Gas Utilities com Cons Trac of N J—See P S Corp Cons Trac (Pittsb)—See Phila Co 6% preferred 100 454% prior preferred 100 Eastern Mass St Ry com 100 6% 1st pref stamped ...100 6% pref B stock 100 5% adjustment stock 100 East Shpre Pub Serv 6*4 % pf 100 6% preferred 100 Eastern States Corp com * $7 preferred series A * $6 preferred series B * Eastern States Gas...........* 56 conv 7% preferred 11554 57 * Telephone Corp com 105 53 * 5%preferred $3 54 4854 4854 92 48 34 105 54 East Coast,Public Service v t C..1 East Middlesex Street Ry 100 918 49 116 Cons Edison Co of N Y com....* $6 preferred * Consol Gas Co (Pgh) pref.... 50 Duke Power 54 115 Lighting...100 454% preferred—........100 Detroit Edison ...100 10* Consol Elec 8c Gas $6 pref... * Cons Gas E L & P (Bait) * 5% preferred series A .100 Detroit A Canada Tunnel 454 1454 28 100 .....25 Derby Gas & Elec $7 pref 654% preferred 454 35 29 54* 145 104 5% 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 Gen Public Service Corp * $6 preferred * 5 354 1354 6% preferred....... 110 6% preferred 28 * common 10c 97 100 Kansas Power 8c Light— Gas & Elec of Bergen County. 100 Gatineau Power com...... * 9 Connecticut Ry & Preferred Gary Elec & Gas 11854 Kansas Gas & Elec 7% pref. .100 6% preferred * Kansas Power Co 6% pref * T 3 Bid Par 7% preferred SAy 49 25 100 34 Common ...* Conn Gas & Coke Sec pref _• Common.. Connecticut Light 8c Power.....* 554% preferred Preferred R Gen Gas & Elec (Del) com A— * 95 100 ....100 Community Pub Ser com... ..25 Community Water Serv com 1 7% preferred * Concord Elec Co 6% pref.... 100 com ▼ S'thwark—see Phila 54 light— First preferred 6% Cumberland Gas 18 & 6354 'ii 3 Stocks 98 Preferred $50 par............ Florida Power & Lt $7 pref _* 7054 ..... W* 30 46 Issue Kansas City Power & Light— 1st pref $6 series B_ * Kansas City Pub Serv.—. * Kansas Elec Pow 6% pref 100 154 2954 3054 23 108 88 11154 79 Ask 11454 11254 11054 554% preferred Connecticut Power ,.* 8* 6% preferred-... 7% preferred,. Community Pow A Lt com.....* Bid $7 preferred * Fitch burg Gas 8c Elec Light. .50 Florida Power Corp 7% pref..100 37 100 Columbus A Southern Ohio Elec 6% preferred A ..........100 654 % preferred B ......100 Commonwealth Edison Co.. 25 Commonwealth Gas.......... Commonwealth A Sou Corp com * Commonwealth Water 8c Par $654 preferred 62 Coast Co Gas A El 1st pref.. 100 Colum G A El Corp (Del) com..* STOCKS Fed St & Pleasant Val—See Phila Co. Federal Water Service com A..* 154 $6 preferred -—---* 2854 103 54 103 100 Cleve Flee ilium common......* UTILITY possible for the closing day of the month preceding the date of 99 5 96 3 50 37 80 PUBLIC Quotations for all securities Par Stocks Bid Texas Co 43 26 102 108 21 87% 78 Wi 18* 6^ 46* (Del) 10 & Elec com.-* $4 preferred---——Northern Indiana Pub Serv— preferred————100 -——-100 preferred .—100 Liberties^jas.---—-25 Northern N Y Util 7 % pref—100 Nor States Power (Del) d A— -25 7% preferred ——100 6% preferred-100 preferred 5 %% Northern (Minn) $5 series cum pref—--* Northwest Electric 7% pref—100 North West Util 7% pref 100 7% prior lien —---100 N'western Pub Serv 6% pref.100 7% preferred 100 Northwestern Telegraph (guar) 50 NY PA NJ Utilities 83 pref * Ohio Cities Water preferred-—* Ohio Edison $6 pref ——* $7 preferred ———* Ohio Elec Power 6% pref 100 7% preferred 100 Ohio Power 0% pref 100 Ohio Public Service 5% pref.100 5 % % 1st preferred —100 6% preferred —100 7 %preferred —100 Ohio Service Holding com——1 6% preferred ...—5 Ohio Water Service A com—--* Oklahoma Gas & Elec 7% preflOO 6% preferred ——100 Okla Nat Gas Corp com— 15 83 preferred —60 6% conv prior preferred 100 Omana & Council Bluffs Railway 6 Bridge 4% cum pref—100 Omnibus Corp v t c ———* 8% conv preferred A—100 Oregon Wash Water pref * Ottawa Light Heat & Pow new. Preferred 100 Pacific & Atlantic Tel (gu) 25 Pacific Gas & Electric——25 87% 13 2* 26 55% 52% 90% 7% preferred —100 Potomac Elec Pow 6% pref 100 95 97 80 40 83 1 68% 43 68 % 5%% 12% 70% 64% 107* w 71 78 30 81 26 29 8 5% 102% 104 109 111 100 106 112% 113% 90 96% 101% 109% 98" 103 108 101 29 - Public Serv Co of N H $6 $5 preferred Public Serv Corp of N J 102 57% 31% 104 pref--* 135% 119% 107% 137% 109% 102 75 17 7% 22 124% — 31 99 76* 85 preferred Pennsylvania State Water, pref.* Pennsylvania Telep 6% pf—100 Pennsylvania Water & Pow. * Preferred-—.-—-——-* People's G L & O (Chic) 100 Peoples Light & Power Co A——1 Common class B—.......--1 33% 55% 14 19 5 107% 107$! 104 98 105 100 91 93 100 111 80 113 36 1% 1 .—25 10 70 99 Preferred—.. - * 6% ——* —.50 M - « * 113 83 ~ — — — 36% 1% 1% 50% 11 .. M .... 77 7% 6 Traction 50 Consolidated Trac pref—-.50 4% 2% Duquesne Light 5% 1st pref lOO Federal St & Pleasant Val—25 Monongahela Lt & Pow—-.50 Monongahela St Ry— 50 Phila & Darby—See Phila R T Phila .& Grays—See Phila R T Philadelphia Elec Co com— 85 preferred * Phila Elec Power 8% pref—25 79 83 86 cum pref * * Allegheny Traction.........50 Citizens * 26% % % Without par value, 100 82 89 Class B 111 cum Dref $6 preferred —_* Virginia Pub Serv 7% pref 100 6% preferred—— 100 Washington (D O) Gas Light.—* - 119 Preferred. 27% * Wash Gas <& Elec 117 2 5% 6% 6% preferred 7% preferred -—-...100 100 - Southeastern Gas & Water A—* Common..--..—...-.—* Southern & Atlantic Teleg (gu) .25 South Calif Edison common 25 — 5%% preferred series O 6% preferred series B Original preferred 25 25 25 20 112 97 81" 85 * 10c* 14 18 26% 27% 28% 26% 43 11% 1% 12 Preferred Southern Indiana G & E— 100 55 —100 95 96 10% 11% 5% 4.80% cum B preferred ———__* common 8 % preferred -—25 7% preferred ——..25 Southwest Cons Gas Util— - 146% 2% 152 1% ll% 12 10 11 Name changed to— Southwest Consolidated Corp.—1 Southwest Gas (Okla) 7% preflOO 10 t Called March 6 at $105. k Last sale, n Nominal, r 11 98% 100 91 102% 91 122% 115% 92% 12c 7 13 90 ....... 1 Water Serv 6% pref * 1 ...........25 78c com. §P 6 22% Western Union Telegraph— 100 Western United Gas & Electric— 113 ] 6% preferred...——100 6%% preferred..—..——100 113] 95] Westmoreland Water pref—.* 100 Wheeling Bridge—————.100 Wheeling Elec 6% pref— .100 Williamsport Water pref.—....* Winnipeg Elec class A——* Class B --* Preferred .——.—.100 Wise Elec Pow 6% pref 100 Wise Hydro-Elec 6% pref 100 Wisconsin Pow 5c Lt 6% pref-100 7% 109 97 1.65; 1.80 8% 107 48 84 91% preferred————-100 Wisconsin Pub Ser Corp 7% pflOO 105 6% % preferred-——-—.100 Wisconsin Telep 7% pref—100 Wolverine Power Co...——.—5 Worcester Trans Assoc * York (Pa) Railways pref...—50 York Water Co....—— 25 100% 14* Canadian price. 109 .... 27 10 28% Western Massachusetts Cos..—* Western N Y Water pref * 28 29% 43% 42 104 5 650 * ——* Prior preferred West Virginia Gas— Preferred--.. Southern Canada Power-— * Southern Col Pow com A—.25 -— Preferred.... West Va 2c ... Western Lt & Tel 103% 113% 23% - Common 2 62 .—..100 — 115 47 * West Penn Power 7% pref—100 6% preferred-. 100 West Phila Pass—See Phila R T West Texas Utilities $6 pref.——* West Va Ohio River Bridge— % 33 Southern New Eng Telep-—.100 Southern Union Gas com——.* 30% - 22% Class 32% 1 - 32% Southern Nat Gas class A com—* 119 19% - 6% preferred series A-25 Southern Calif Water pref——25 118% 12 - 109 94% % 7% cum preferred— 6% cum preferred— 21% Southern Calif Gas Co— 55 32% 118% 30% West Penn Elec Co class A.... $4 preferred 60 Sou Carolina El & Gas7% pf—100 South Carolina Power 6% pref—* South Pittsburgh Water— 7% pref Wash (D O) Ry 5c El com 1 - % 13% 6% —.100 Utilities Stock 5c Bond Corp.—„1 Virginia Electric 5c Power— 118 • 59M 1 8 109 2% 56 .» —.....* Utilities Power 5c Lt cl A—.....1 Non-voting common-.....—1 ... 2% 99 11% 12 Utah Power & Light— 3 20% 35c 25c * 1% 1% r 1% 1 7 * 81% 100 100 100 Preferred 100 Washington Wat Pow 6% pref—* $5 2% 2% 33% ..1 $6 preferred 87 preferred... 120 114 105 $2.75 preferred — * $3 preferred-.-—.— * United Utility Co common....10 7% Southwest Nat Gas $6 prer..—10 * AA* 78 113 ..100 7% Preferred..— .... "2% 2% 87% % 12% Improvement......* Class B common , Sierra Pacific Pow common....* Preferred... 100 Sioux City Gas & El $7 pref--100 South Amer Utilities com 50c — 44% Philadelphia Co com.. ?5 preferred % cum preferred 21 40% Peoples Water & Gas $6 pref—100 Peoria Water Works 7% pref.100 Phila City Pass—See Phila R T United Gas 1st $5 preferred 34% 56% 17% 85 69 ....... 2d / .47% Scrip ...... , % 42 Corp com-—.......1 87 pref series A * Warrants. 93 108 100 preferred— * Second Ave RR Oop (N Y). * 2d & 3d Sts Ry—See Phila R T Shawlnigan Water & Power * Shenango Valley Water pref—100 Sierra Pac Elec 6% prer. 100 -——* * 100 84 Brook 38 —— United Public Service Corp.. United Pub Util com A 2% 117 Scranton-Spring 25% 114 12% United Light & Ry 6% pref 6.36% preferred "5c" 109 100 Scranton Electric $6 pref. 112% 33 99 * 7% preferred... 101 96 106 3 cum preferred _* Warrants Gas & Elec (Conn) com.* 7% preferred 100 „ 7% preferred-.——..—100 8% preferred 100 - * 109% 100 $5 preferred ...» United 111 Co of New Haven....* United Lt & Pr com A.———.* Common B * 6% cum 1st pref. * 32 60 *'k Seattle Gas common - 3.% % Savannah El & Pow 6% pref.100 151 preflOO 7% preferred.— S3 26% ?!* San Antonio Pub Serv 8% nf.1001 San Diego Cons Gas & Electric—1 1 86 preferred 116 5 Water pref.. 100 9 mumm mmmm 106 105% common 100 Union Electric Co of Missouri 5% preferred 19 Rockland Light & Power —10 St Joseph Ry Lt & Pr 5% pf 100 St Joseph Water 6% pref .100 % 8% •» m _ ?A* 49 Rochester Transit common.—... 7% prefened 100 —100 8 98% 91% 113% 1% Warrants B.—.. — m — Toledo-Edison pref A 7% 6% preferred. 2% 9 2% 5o Ridge Ave Pass—8ee Phila R T Rio Grande Valley Gas v t c 1 Riverside Traction.. 50 Preferred .—.50 Rochester Gas & Electric— 4 OldaSS A. ^ Pennsyl vania"Power"i5 "pref-—* Pennsylvania Pow & Lt 87 pref.* 44 gnjtedGas & El (N J) 5% pf.100 United Gas Class A 3 - 91 .... Preferred 50 Union Pass—See Phila R T Union St Ry (New Bedford)—100 Unton Traction—See Phila R T United Corp 17% representing com. Rhode Isld Pub Serv $2 pref 27% St Louis County 100% * Third Avenue Ry (N Y) 100 13th & 15th Sts—See Phila R T Tidewater Power 6% pref * _ Union Gas (Canada)— Rhine-Westphalia Elec Pow— St Louis Pub Serv 6% preferred 12% 2 35 Union Gas System com..——10 48 6% preferred series O— J00 6% preferred series D —100 6% preferred series E lOO Rochester Telep $6% pref—lOu 33% 32% 29% 47% 107% , .....* 109% Amer shares 12% 43% 10c 1 120 125 1 com- 3% 90% . 36% 53 25 98 100 * .... $3.50 preferred.. * Texas Power Corp common.....* Twin City Rapid £E1 7% Transit 156 97 95% 96% 93 100 Texas Elec Service $6 pref. Texas Gas Util com. Texas Hydro Electric— Gas. 105 97 154% 104% 115% 20% i% 105 33 113 97 100 —100 100 1st preferred Terre Haute Elec 6% pref Texas Electric Ry cum 6%a Preferred Twin States 8% preferred 100 7% preferred 100 6% preferred 100 $5 preferred ._* Consolidated Trac of N J—100 Rapid Transit St Ry Co 100 Public Serv of Okla 6% pref--100 7% preferred —100 Public Serv El & G $5 pref -* Puget Sound Pr & Lt $o pref * $5 prior preferred * Quebec Power common * 50 * — rr 94 36% Warrants..... Penh Western Gas & El com—.5 58% * .* Water Service 6% pref -.* Scranton Transit common......1 Pennsylvania Edison Co— 82.80 preferred-—————* 85 preferred * Pennsylvania Gas common--—-* Penna Gas & Elec Co 7 % pref-100 Penna Gas & Elec Corp 8/ pref—* 88 8% 108 _.» —100 Texas Power & Lt 7% pref—100 11% 84 100 $6 preferred Republic Nat Gas 19% 100 PreferredPenn-Ohio Edison- 6% preferred preferred 7% preferred 10% 7% Public Serv of Ind $7 prior pref--* conv ... 113 100 5% Rapid Transit Ry—See P 8 Corp 110 Paterson & Passaic Gas & El—100 Pecos Valley Pow & Lt com—-* Peninsular Telep Co com— * 109 RylSO _ % 103 112 Industrial Stocks. 97 42 preferred-— 113% gueensCorp or America—See 100 adio Borough G & E 6% pf 111 35 34 27% 25 33% % 101% Power Corp of Canada com * Providence Gas Light * Public Eleq Light 6% pref 100 Public Serv of Colo 7% pref—100 5% preferred 1st preferred (6%) 2% - 9 34 11 98 73 * Tacony-Palmyra Bridge— 91 22 1 1 ... 1.100 Tenn^see El P 1st pref (7%).100 7.2% 1st 97 $ ,8* 19 ————* Tampa Elec Co 7% preferred / .100 88% 63 % 106 % 71 13 % 2% 1% 2% n3 ..* Preferred-... ~~ " Suburban Rapid Transit St 21 87 B. 97 Superior Wat Lt. & Pow 7% uflOO Swiss Amer Elec 5% pref.500 Fes Tacoma Ry & Pow Co —♦ 112 PlainfieJrt Union Water. ■_* Portland Elec Pow 6% pref— -100 50% 98 12 % .J** Traction—See Phila R T 7% prior preferred Class 10 2 16 Pittsburgh Suburban Water— $5.50 preferred 100 „ J* ——* 100 ——100 preferred 15 90 85 ....* $6 cum prior pref Standard JPow & Lt com 31 32 32 20 27 27 45 22 _ 6 26 50 50 — "1% Pacific Public ServiceCommon ..———* 6% 50 13th & 15th Sts Pass Ry Union Pass (830 5-6 pd) 50 Union Traction (817% pd)-50 West Phila Pass guar. 50 Phila Suburban Wat 6% pf-.-lOO Phila 6 8% 6% 50 $7 cum prior pref $4 cum preferred 18 4 50 Portland Gas & Coke 7% pref 100 Portland Gas Light 50 $6 preferred 1 Postal Teleg & Cable 7% pref 100 Potomac Edison Co 6% pref--100 1st preferred (5%%)—-—-25 Pacific Lighting Corp com——* Preferred (86) * Pacific Pow & Lt 7% pref 100 1st preferred-. Pacific Telep & Teleg Gray's Fy (825 pd) 4 15 105% Preferred * Springfield City Water 6% pf 100 ®D£ingfield Gas & Elec pref.—.* Springfield Gas Lt Co.— 25 SPrinsf d (Mass) St Ry Cos pf 100 Standard Gas & Elec com—.* 4 Philadelphia Traction Ridge Ave Pass (828 pd) 2d & 3d Sts Ry guar 52 25 preferred (6%) 2 Phil & —-— 1st 20 15 25 8 6% Bid Par Southwestern G & E 7% pref.100 Southwestern Lt & Pr com A * . 45 12 9 Jan. 14 40 7 36 23 1% 35 11 Passenger 50 Green & Coates Sts ($15 pd) 50 Hestonville M & F com 50 Preferred 50 PhilaOityPass Ry($22% pd)-50 Phila & Darby Pass Ry 50 103% 109% 8% 3% 30 60 Germantown 115 6 50 guar Stocks 2 Continen Pass Ry (829 pd)-50 Falrm't Pk & Haddington—50 Frandf'd & Southwark Pass-60 120 32 Passenger month preceding the date of Issue Ask 1% 3% 50 49 —100 Northeastern Wat Citizens Bia Par Philadelphia Rapid Transits 7% preferred. 18 42% 25% Niagara Hudson Power-—-10 1st pref $5 series——100 2d pref 5% series———100 k Class A option warrants—— ClassB option warrants——North American Co new 10 6% preferred new series 50 5H% preferred-—------—50 North Amer Edison S6 pref-—* North Amer Light & Pow 1 $6 preferred —-* North Amer UtilitySecurities—* North Boston Ltg Prop com--* North 102 15 15 STOCKS UTILITY possible for the closing day of the Stocks 96 NY Railways pref--———* N Y & Richmond Gas 6% preflOO N Y Water Serv 6% pref 100 Preferred 8 101 7% preferred Newport Elec6% pref— .-100 New Rochelle Water 7% pref 100 N Y Mutual Telegraph (guar)- -25 N Y City Omnibus commonOption warrants.--—---—N Y Pow & Lt Oorp $6 pref—--* 7% preferred-— 100 N Y & Queens El L & Pow— Common J.———6% preferred —--100 Ask 7 New Orleans Pub. Serv com— , are aa near as X Ex-dividend, t New stock. 118 , 1 4 21 26 heading "Industrial and Miscellaneous Under the Securities" include all issues which do not appear we three headings, namely "Railroads" "Investing Companies" and "Public Utilities." case of stocks, however, we put "Textile Manufacturing," "Insurance," "Mining," "Real Estate and "Title Guarantee and Safe Deposit Companies" under separate heads, then follow with the rest under the previous In the Land,'1 of the "Industrial and Miscellaneous." NOTICE—All bond prices ere "and interest" except where marked "f" and income and defaulted bonds closing day of the month preceding the date of issue Quotations for a1! securities are as near as possible for the Bid Bonds British Columbia Pulp AND INDUSTRIAL 1st 6s 1950. BONDS MISCELLANEOUS J&D / 61% Certificates of deposit / 57% 102 Acadia Sugar Ref 4%s 1955-A&0 102% 102% 102% Adams Exp coll tr g 4s Coll tr g 4s 1947 1948.M&S J&D 4Mb stamped 1946 F&A Advance Bag & Paper 6s '52. J&D 62% 58 102% 102% 103 83 J&J 89 100 Aaron Times-Press 1st 6s "45 A&O 77 1955—J&J Alabama Mills 6s (whs) 1953.J&D / Without stock J&D / 48 31 Albany Perf Wrapping Corp— 1st M c oll tr 6s 1948 A&O 6s assented w w 1948 A&O 36% 55 35 50 40 25" 83 Algoma Steel Corp Ltd— Conv 5s 99 Allied St's Corp deb 4%s'50_A&<> Debenture 4 Ms 1951 F&A Allls-Chalmere 8 f deb 4s '52-M&S 100 90 M&N A 1948 ser 99% 91% 110% 110% Alpine Montan Steel Corp— 1st sf 7s 1955 Aluminium Ltd s 32 % M&S f deb 5s '48.J&J Amer Aggregates 104 M 95 F&A Amer Colortype 6s 1942 F&^v Amer Dept St's (Pa) 6s '48.-J&D. 100 M Amer Ice Co deb 5s 1953 102% 102% Can Cementlst4 %sserA'51 Canada SS L 6s '41 ser A 101M 104 102 M J&D Amer I G Chem Corp— Conv deb 5Ms 1949 Amer International Conv M&N J&J Amer La France & Foamite— 5%% notes J&D M&S 1956 Am Lime & Stone 5Ms Am Mach & Metals 4s 38 41 97 '51 1943.-J&J 66 69" 52 J&J 106% Amer Radiator deb 4 MR '47-M&N Amer Seating 6s stpd 1 I 1946 J&J 101% 8 M&S / Am Silica-Sand 6a 1951 Am Tobacco deb 4s 1951 110M F&A A&O Debenture 6s 1944 Amer Writing Paper Co— Conv 6s 1961 Ann Apr / Ames-Holden Tire & Rubber— Anglo-Chilean Cons Nitrate— Sink fund income deb 1967 J&J / Animal Trap 5s Aug 11946 Gen mtge 5s 1941 Central Ry Term & 105% 22 90 13% 15 96 94 A-NY & B-NY Realization M&S / 5b, 1955 Arcade Mall Iron 7s 1943..M&N / Armour & Co of Delaware B 1955. F&A 1st mtge 4s series O 1957--J&J 1st M 20-yr 4s ser 30 8 31 98% 98% Arundel Bond Corp 2-5s Dec 1 '53 Corp 3-6s Dec 1 '53. Associated Mtge Co 3-6s Dec 1 '53 60 62 87 55% 55 M 57% Atlanta Laundries J&J 1st lien 4s 1952 Atl Gulf & W 49 Indies SS Lines— Coll tr g 5s Jan 1 1959.—J&.l Atlantic Ice & Coal 6s 1951. J&D Atlantic Ice Mfg 6« 1945 F.V.A ... 55% 60 Atlantic Refg 3s debs Atl Bug Gen conv Autocar M&N / 6s 19o0 67 25 35" 21 25 Co 4%s 7s J&J 1947—M&N 1939 ext Avery (B F) & Sons 5s w w'47J&D Without warrants 97 91% 85% 93" 86 Baldwin Locomotive Works— ...M&N M&S 1st k 5s 1940 Mtge 6s 1950 Bait Steam Packet 5s 1942—F&A Baragua Sugar 101 ' 100% 6% 98% 65 106% 101 70 115% J&Dl Bates Valve Bag 6s 1942 F&a J&J / Bayway Terminal 6s 1954 Beutorn Pulp & Paper 6Ms 1942. Beech Creek C & < 5s 1944--J&D Beneficial Loan Society— 6s profb share Ueb |956.. Q-J Bessemer Limestone & Cement— 6s 1955 J&J Bethlehem Fdy & Ma 5s'44 A&O 47 49 90 99 101" 25 30 11 96 107 95 65 Bethlehem Steel Co— M&N 118 122 Purch money 6s 1998 Q-Feb Cons M s t 4Ms ser 1) '60. .J&J Beth Steel Corp 1 Ms to 1941 J&J 144 147 107% 107% A&O 15-yr s f conv 3 %a debs *52 A&O Boston Wharf 1st 4s 1941 A&< > Bowser (S F) 7s 1944 M&N Brandram-Henderson 6s '56- J&D 102 102" 101X4 101 1st Hen & rei 5s 1942 3 %a series E 1966 British Am oil deb 4s 1945. M&S r Called March 1 at 101. 103 104 101% 30 110 100 75 76% 51 54 51 45 48" 98" J105.10 3%s 1951-J&D 73% 101% 101% 101% 58 102% East Temple Corp 6s (w s) i941 Eaton Paper 1st 5%s 1943.M&N Elec Auto-Lite deb 4s 1952-F&A Elk Horn Coal Corp— 77 35 54 f 4s 1956 44 A&O 1952 — 103% 104% J&J J&J 4% notes 1942 Erie Elec Motors 5s 1941 A&O Ernesto Breda 7s 1954.——F&A 41 ■ —_ 75% 15 25 75 20 9 20 9 75 105% 20-year 4s s f deb 1956.__J&D Falstaff Brew deb 5s 1947—J&D 100 100 101% Farmers Nat Mtge Inst 7s '63A&0 Federal Coal 7s 1944.. 5s 1969 7 103 Finland 103 Residential Mtge 59% 50 101" 100 73 58 99% 103% 104" 46% 47% 7s 15 90 4 28 31 88 85 Bank First Bohemian Glass 1st secured 102% 13 Federal Screw Wks conv 6 %s '39 Filtrol Co of Calif 5s 1946— J&D 104 106 96 Famous Players Canadian— 1st & coli 3s 1939 J&D 1st & coll 3%s 1940-1942.J&D 103 2% 104% 73 / 98 70 52 108" 107% J&D s 96 99% 95 48 8 f 6s stamped 1961 102% M&S Firestone Cotton MUIr 5s '48M&S *101 Firestone T & Rub 3 %s *48-_A&0 103% 57 80 . 91 65 98 98 1% 103% _ 40% 42% 96 96 M&N 96 8 11% 103% 102 103% Works— Follansbee Bros 5s 1947 J&D Forest Lawn lets f 6s 1949—J&D Francisco Sugar 6s 1956 M&N Franklin Coal Co 7s ws 1949.J&J Fraser Co 6s Jan 1 1950 J&J 15 25 33% J&J / 1957 Flour Mills of America Inc— Conv g 6% % notes 1946.A&O 34% 29 30 99 101 40% 42 56 99" 98 French Nat Mail SS Lines 6s '52 117% Frlck (H O) Coke 5s to 1944.J&J &3.25% Frick-Keid Supply 6s 1943.-J&D 102% 118% 50 39% Cont'l Steel deb 4 % * 1946. J&J Conlay Cement Mfg 6r *41 A&< > 16" 13% 95% 97 Gair (Robt.) income note8 6s 1972 Galveston Wharf Co— Ref 5%s series A 1951 J&D Ref 5%s series B 1954 J&J 1st 5s 1940 A&O Garlock Packing 4%s 1946 J&D 43 48 98 97 100 — 46 50 . 65 90 68" 60 25 105 100 109% 92 100 J&D Gen Amer Transport 3s 1940 J&J 3% notes 1941-1942 J&J General Bronze deb 6s '40--M&N General Cable Corp— 1st mtge s f 5%s 1947 Gen Elec (Germany) 7s Deb 6%s 1940... ser 100% 101% 88% A-J&J r '45-J&J 15 J&D Deb s f 6s 1948 M&N Gen Finance conv deb 5a '51-J&D Gen Motors Acceptance Corp— 10-year deb 3s 1946 F&A 15-year deb 3%s 1951—.F&A 100 102 99 — 4%s Dec 15 1947— 28 Consumers Credit Svc 6s 1962 40 Consumers Rock & Gravel— 6s 1948 J&J / 24 Container Corp 1st 6s'46_J&D15 104 Deb 5s 1943 with warr J&D 99% Oont'l Invest Bond Corp 2-5s '53_ 87% Oont'l Invest Deb Oorp 3-6s '53— 68 Continental Oil— Conv deb 2%s 1948 108% J&D b Basis. 59 Fruehauf Trailer deb 4%s'47A&0 Sink fund 5s July 1 1960 J&J / 5s 1950 A&O Consumers Co (111) 5s 1956-.J&J t Called Apr. 4 at 105. 56 55 1st & coll 4%s 1951 J&D Farmers Mfg Co 3%s 1953..M&S 7 94 5%s ex-stock 1961 J&J Consol Steel Corp 6s ser A *44 J&D Consol Textile 1st 8s 1941 J&D / 38 101% 98% 55 7s income 1967 Everlastik Inc 1st 7s 1937.M&N Fairbanks Morse & Co— Consol Paper Corp—- s f 85 97 European Mtge & Invest— 1st lien 7%s 1966 ser B--.F&A 7%s income 1966—-. 1st lien 7s 1967 ser C M&S 92 F&A 47 104% 74 108% - 1st 4s 93 28 A&O Continental Roll & Steel Fdy— 1st M conv s f 6s 1940.. J&D 103% 107 80 Emporium Capwell Corp— 60 An Aur Cum conv inc 5s 1953 Consolidation Coal Co— 101 105% f deb 105 73 Deb 5s series A 1955 Jan Deb 5s series B 1955. Jan Durham Duplex Razor 6s 1955—- 6s 1943 80 9 101% 100% Cum Inc 6% notes 1950..F&A s 104 Empire Sheet & Tin Plate— 116 78 Cons Laundries Ext 6%s 1941 A&O Consol Oil l&J. 103 99% 100% 105% Empire Properties Oorp 2-3s 1945 6 Connor Lumb & Land 6s *41 M&N Consol Biscuit 1st 5%s B '46 M&S 1st 5%s ser O 1946 J&D Consol Cement Corp— 108 50 96 98% 99% Dow Chem Co ueb 3s 1951 ..J&D Dryden Paper 6s 1949 F&A Dufferin Paving & Stone— Coll Colliery 6s 1954...M&S / Cum inc 6s 1950 165 102 92% .Q-J Income 5s 1970 101% Estates— Cum inc deb 6s 1947. Barber & Ross 4s 1945 * ioi" / Dominion Textile 4%s '55.-M&S Donnacona Pap 4-4%s '56..F&A 121 29 MfgfCo^ (w-s) Nov 1 1949..!/ 158% 84" 99 25% l/20 B Dickey (W 8) Clay Serial 3 %s 1938-43 A&O Dominion Steel & Coal 6%s 1955 Dominion Tar & Chemical Co— Deb 4%s ser A 1951 M&N 106" 101 99 25% 30 Colo Fuel & Iron s f 5s 1943.F&A Automobile— deb / A&0151 91% 1952 Colonial f 6s Oct 15*60 25 6s series AC 94 s Cum inc 5s Cum inc 5s (ex-stk) Nov 1 1949 om Coal 1st 4 %s ser A *52. A&O 103 16 77% M&S M&S 14 76% 32 87 / 40 1948 6s series AA 1953 90 - Farm Ld 9% l / 1st cum inc 5s 1957- Ann April Deep Rock Oil 7s 1987 M&N Detroit Har Term 1st 6s '50-M&S 40 Q-F Q-M Q-J Q-F Q-M 7s series D 1956 100 97 / 6s series AB 100 1953--M&S Kef 1st s f 4s '51-—M&N Imperial Diesel Engine— 6% conv notes 1945 M&S Atlas Pipeline Corp 6s 1945. M&N 99% Eastern Dairies 6s 1949 M&Ni Eastern Mfg 7s ser A 1938 .J&D/ Eastern Racing Assn 5s 1945 Clearfield Bit Coal 4s 1940--J&J Cleve-Cliffs Iron 4%s 1950.M&N Cleve Tractor conv 5s 1945.M&N series C 1959 98 61 40 91 J&D / Cities Service Asphalt 5s 52. A&O City Ice (Kansas) 6s 1940 A&O City Savings Bank of Budapest 7s 1953 F&A / 7s , / 89 Corp inc 5s 1968 104 101% 100% 94 57 '50M&N M&S Cbesap'ke-CampCorp4 %s*47J&J Chic Grain Corp 3-5s 1952--A&0 Chicago Produce District— 1st cum inc 5s (w-s) '48 F&A Chicago Stk Yards 5s 1961 _A&0 1950 *Q0 Curtis Cos 6%s A 1947 M&N Dairyland Inc 1st s f 5s 1946.M&S Danish Prod L'n Fund 5s *40.J&J Eastern Car Co Ltd 6s 1952.J&J Eastern Cuba Sug 7%s '37.M&S Fibre Co— 4%s s f deb '50 ('35 issue) .M&S 4%s s f deb '50('38 issue)-M&S Chateaugay Ore & Iron— Guar gold 4s 1942 J&J 7s series A & B 102 95% Cespedes Sugar 7 %s 1939 M&S / Champion Pap Corp 6s '45.-F&A Atlas Conv 72 Collateral Bankers Inc— 93 100 94 Central Steel 1st 8s 1941.-M&N Certain-teed Prod 5 %s 1948 M&S 53 103% Auburn 67 101% Chilean Nitrate & Iodine Sales A&O 1952 A&O 1940 Deutsche Bank (Berlin)— 6s extended 1938 Deutsche Rentenbank— 101" 78 M&S M&S Cold Storage A&O Childs Co deb 5s 1943 98 % Arnold Print Works Arundel Deb 99 Champion Paper & Antilla Sugar Estates— Income deb 6s 1951 (w-s)__J&J / Anthony (E C)— 1st s f 6s (San Fran) 1942.J&D 1st. s f 6s (Los Ang) 1942—J&D 1st 5s Feb 1 warr 6%s 1952 21 6s Detroit Times deb 6s to '43 99% 119% 99% 5% - IVX 89 A&O 31M 105% 45" 70 24% 98% M&S Carlisle Lumber 6s 1945 Carrier Corp conv 4%s 1948 Carriers & General Corp— 9«T 95 M&S f deb 4s 1950 10-yr 5%% notes 1947—1J&J Central Foundry Co— 1st mtge 6s 1941 32% 40 ' 100 Celotex Corp— Debenture 4 %s w w 1947-F&A / 103 70 75 Canadian Viekers 6s Aug I 1947Caribbean Sugar 7s stpd '41-F&A 106% De Bardeleben Cool Corp— Canadian Nat Steamships— Cassco Corp inc 6s 1949 107% s Davidson Chem 6%s 1937—A&O 52 105 Canadian Internal Paper— 1st M 6s 1949 ---.J&J 15-yr deb 5s with Conv Davidson Biscuit 5 %s A *45 A&O Davidson-Boutell 5s 1946—J&D 40 50 106 A&O 90 104M Am Wire Fabrics 1 s 1st 7s '42—M&S 69% 38% 96 to M&N 106 98% Cudahy Packing 3%s A '55.M&S 104% „ 83 119 American Type Founders Inc— Conf s f deb 2%-5s 1950 J&J Income 7s Jan 1 1943 M&S Anaconda Copper Mining Co— Sink tund det> 4Ms 1950--A&O 106% 101% 15-yr 4s s f Nov 1 1950—M&N 10-yr s f deb4%s 1948 J&J Crucible Steel 4%s A 1948—F&A Cuban Tobacco os 1944 J&D 87 101 25-yr guar 5s 1955 Amer Nat Co (Ohio)— Extended 6s stpd 1943 90 Cumberland Ry & Coal— J&J 1st & gen 5s 1957 1949. 5%s 87 120 Canadian Bakeries 6%s '45.M&S Canadian Canners Ltd 4s'51M&N Corp—h 51 85 '48 w w 87% ' 8 91 Campbell River TImb 6s 41-J&J Campbell Transportation Co— Equip trust 4s 1940-1951--J&J Canada Bread 6s 1941 _F&/•% 85 f 5s 1950 4 2% 49 Series Sugar— Certificates of deposit .194 2 ' Crown Cork & Seal Co Inc— 103 103% A&o C a maguey 82 s 84 5s '47 J&J Q-F Credit Service deb 6s 42 101% 40 F&A Conv 101 conv Crowley Miiner 5%s 1946—M&N 98 49% 102 Dept St's (Del) 6s *47. J&D1/ Am Fruit Growers ext 7b '43-F&A 100 41 108 37 Calif Cooperative Creamery— 1st s f 8s 1948 A&O 7s Sinking fund deb 5s 1946.F&A 45" 85 Cons g 5s Jan 38 104% 48 100 105% 104 48 Deb s f guar 1943 A&O Calif Cotton Mills 1st 6s *40-J&J Calif Group Corp 5%s 1956 M&N Corp— New 3-6s 1943 Amer 35 43 Cosgrove Meehan Coal 6%s 1945. Crane Co 3%s s f deb 1951. J&D Creameries of America— f 5s 1958 J&J 1955 J&J Bldg 1st 5s stamped 1960.A&O Butterick Co 6% notes '39.-A&O By era Machine 3-6s 1946 Byrndum Corp ext to Jan 15 1942 Calaveras Timber 1st 6s '38-M&N 42 Cosden Petroleum 82 Aim, Apr s Bush Term 1st 4s 1952 88" 85 1948 Burns & Co Ltd 1st Income 5s 1958 Ask 102 ...F&A 70 M&N J&J Budd (E G) Mfg 6s ext 1941 _F&A Bullock's Inc (Los Angeles)-— 4% notes ser C-E to 1941-M&N 4% notes ser F 1946 M&N Burmeister & Wain (Copenhagen; 15-yr s f extl 6s 1940 J&J Burns Bros deb 5s A 1961--M&S 1st series B 56 Agar Packg & Prov 5s 1945. J&D 6s 1955._ •Vlberta Pacific Grain 6s 1946 J&J & Paper— M&N s Bryant Paper 6s A 1942 90 Ex scrip Aeolian Co 6s 1944 Bid Bonds Ask Copley Press 5%s 1943 f 7s 1950 ..M&N 20 Brown Coal Indus 6 %s '53—A&O f Brown Co 1st 5%s 1946 A&O r 44 f 40 1st 5 %s 1950 ser B M&S 95 Brown Pap Co ext 4%s '41-A&O 105% Brown Shoe Co 3%s 1950—F&A 88 Bruck Silk M Ltd 6%s '45.M&N Gen Abitibi Power & Paper— 1st M 5s 1953 ser A Alabama By-Prod 6s Bid Bonds Ask ? ? 100% 52% 56% 52% 96 104% 105% 104 j 106 J 102% 82 / This price includes accrued interest, k Last sale, n Nominal, r Canadian price. INDUSTRIAL 83 MISCELLANEOUS BONDS & NOTICEr—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 Ask 1948--A&0 w_J&D 118 121 70 77 '49 w w.J&J 66 66 % Jacobs (PL) 5M% dividend notes 1942 J&D Jetferson & Clearfield Coal & Iron 93 90"" 1st mtge 4M8 ser A 1961..M&S Journal of Comm 6Ms '47—J&J deb 6s 1948 w Gen Stl CaBt 1st 5Ms Steel Gen Wares— 97 m A 1952..— A&O 6s 1940-A&O Georgia Marble 1st 6s 1950.M&N German Atlantic Cable 7s 1945-_ German Bldg & L'd Bk 6 Ms 1948 Glen Alden Coal M s f 4s '65 M&S Globe Industrial Loan 6s 1955 J&J Globe Wernicke 6s Oct 1 '44. J&J Gobel (Adolf) Inc— 4Mb ser 14 Gen Theat Eq deb 70 18m 68 61 60 102 m 40 m 100 M Oct 15 1945—A&O 15 Goodrich (B F) Deb g 61945 J&D 1st mtge 4Mb 1956 J&D Gordon Baking Co (Mich)— S f g 7s 99% —J&D 1940-1944—J&D 48 101 100 % 102 102 1945-50. Gordon-Pagel 6s Gotham Silk Hosiery— 1946—...M&S 87 Manufacturing 6s '42-A&O Co 1st 6s 43-F&A Granby Consol Min & Sm 5s 1942 Grand Rapids Motor Coach—Cum income 7s 1962 M&S 100 5 f deb 5s w w Gould Grand Rapids 94 92 45 Operating Corp—- 6s extended Grand 90 44 Graham Paige 96 m J&J 1942 Rapids Stores 69 Equipt Co deb 5s 1949..—F&A Ry Term 6 Cold Stor 1st 6 Ms 1952.A&O |/ 20 Granite City Generating— 73 5s. 1963 A&O Granite City Pig Iron— Cum Inc 5s 1943 ____M&S / 41 98 Graton & Knight 454s 51--J&D Great Lakes Paper Co Ltd—• 83 m 1st ■ f 5s 1955 ------A&O 12% Grigsby-Grunow conv 6s 3b M&S 51m Groc St's Prod conv 6s 1945. J&D 95 m Gulf States Steel 4Mb 1961-A&O Gypsum Lime & Alabast— 5Ms 1948 — M&S 100 15 Hale & Kilburn 6s '39 stmp..J&D ✓ Hall (F W) Printing Co— „o V 99 % 1st & coll 6s stmp 1947—M&N Hamilton By-Prod Coke Ovens— 99% 1st s f 5s ser A 1955 --M&N 98 Gen sinking fund 6s 1956- - A&O Grand Trunk . 1950-F&A Hamilton Cotton 4Ms Hamilton Mfg 6s w w 1951 3-6s 1947.-A&O Hansa Steamship Lines— 10-yr 6s 1939 w w_.T A&O Harpen Mining Corp— 6s with warr for Am shs—J&J I f Harrls-Seybold-Potter— Heywood-Wakefield 5s 1946 Hightstown Rug 6Ms w Hines Land & Timber 6s w 65 66 1944 48-. J&J 79 (R) & Co 5-7s 1944 ws A&O 4M-6M8 1st mtge 1944—A&O 48m 67 m Hoe Holland-Amer Line 6s 47--M&1N 550 Holly Sugar Corp 2s 1939—A&O 99 1st 2Mb 1940 A&O 98 m 1st 3 Ms 1941 A&O 97 1st 3 Ms 1942 A&O 90 m 1st 4s 1947 i A&O 82 Home Serv Corp 6s 1957----A&O Home Service (Portland. Ore)— 1st coll 3-5s 1950 A&O / 26 Housing & Realty Improv— 1-1 CO 7i 1946 M&N Houston Oil Co of Texas— 101m 10-yr sec s f 5Ms 1940—M&N 34 % Hudson Coal 1st 5s 1962 A..J&D 100 Hud Riv Day Line— ..J&J 8 f 1st mtge 6s 1946—w 6s Feb 1956. Central Mutual Credit Mfg 7s 1937—....J&J Hungarian Disc & Exch 35-yr s f 7s 1963 J&J 1955 ser A...M&S & Pap of Nfld— 92 m 102 m 1st M * Called July 17 at 105. 101m *106.25 49 m / 20 / / 17 8m 60 b Basis, 37 tv/t 94 % 84 97 76 82" 40 50 95 99 m 90 95" 100 101m 96 100m 104 102m 100 68 20 100 71 54" 96 101m 102" 102 % 103 m 101 90 92 An Apr 50 52 1961.. 94 . 100 % 100 1st mtge income 1975— .J&D f 23% Lawrence Portland Cement Co— Deb g 5Ms 1942 100 A&O Layne & Bowler 3-6 Ms Dec 1947Lehigh C & Nav fund 4s '48 J&J Cons s f g 4Ms 1954 J&J Cons 8 f 4Ms 1954 ser C..J&J Lehigh Valley Coal— 95" 92 m 20 92 19 y 23 m 104m F&A / 56 m 31m 19 22% 19% 20~" 49m 33m Leipzig Trade Fair 7s 1953-M&N / 97 J&J 104 104m 105 48 1st s f 4s Feb 1 1957 Manhattan Refrig 5Ms 108m 66 104m Feb. 27 13" 40 40 128m 129m 130 72 m -jj— 70 42 m 42 m 27% 84 88 106 m 59 m Mead (The) Corp— 1st M 6s 1945 with warr..M&N conv 4-5 Ms to 1945 103 % A&O 92 89 92 49 50 ?lal 92° notes 1938 Certificates of / 100 55 / 52 m M&N / 1942 xr v£???d£d at 5 % to 1943 . . . J&J / N Y Shipbuilding lst 5s '46.M&N New York Trap Rock Corp— 1st mtge sf 6s 1946 ..J&D PnSPKdo7 w 1946—J&D wIc £?.b £d mtge 78 1946 J&D ! N Y World's Fair 1939— §6" 101 66" 90 107 60 m 104 m 90 91 45 97 96 m 87 89" 88 90 90 63 m 40 66m 27m 35 96 96% 50 78 73m 78 65 70 68 47 93 North Amer Oar— Equip trust 4Ms Aug 1 *39-'46Equip trust 4Ms Nov 25 *39-'43 Equipt tr 4Ms 1939-47 J&D15 trust 5 SePt 1 *39-'44. ?£b 6^8oA 6Ms 1943 Warr '40.M&S M&S Income 6Ms 1953 M&S / 4.75 4.75 4.75 4.75 4.00% 4.00% 4.00% 4.00% 93 90 92 27 28 M 33 39 North German Lloyd— 20-yr s M&N / f 6s 1947 N0w6-4% 1947 ■ ...M&N 99 m 53 m 54 m 3.75 2.75% 3.00% 3.00% North Western Refrigerator Line Equip trust 4s ser I Jan 1 '40-'43 Equip tr 4s ser J 1939-46.J&D Eq tr 3 Ms ser K 1939-48.-A&O Northern Elec & Nor Pap Mills— 1st 4s 1940-47 —....M&N 1st mtge 5s to 1948 M&N Debenture 6s 1943 M&N Northern Redwood Lumber— j&£> 4Mb" 1948"-J&J 3.90 3.75 92 93 93 m 95 80 82 J* 89 87 Wire Co— 6Ms without warr 1945.F&A 1945.F&A 55 64 Norwestern Term Co 5s '48. .J&D 32" Nova Scotia S & O 5s 1959..J&J 90 6s perpetual stock J&J 1st conv s r3 Ms 1963 J&J O Connor Moffat deb 6s *38 F&A 30 35 79 % 79 m 80 13 15" 100M 01d Ben Coal Corp 6s (w a) 1948 Inc deb 7Ms (w s) Aug 1 1953. 21 5 22m Oregon-Am Lumber 6s 1942.A&0 Oregon Pulp & Paper 6 Ms to Apr30 *37,6% to 1945.—M&N Oreg Terminals inc 5s 1945.. A&O 31 33 Pulp & Paper 6s stamped 1943 J&J Osgood Co deb g 6s 1943 J&D Oswego FallsCorp 4 Ms 1952.M&8 Otis Steel s f 4Mb A 1962...J&J Oxford Miami Paper 6s 1947-F&A *43-M&N Pac Coast Cement 6s A 1942. J&D Pacific Coast Co 5s 1946 J&D Pan-Amer Industrial 7s '37.M&S Pan Amer Petrol Co (of Calif)— 1st conv s f 6s 1940 J&D15 Certificates of deposit Pan Amer Petroleum & Transpt— 7-yr div notes 3 Ms 1943—J&D _ 7 96 32 35 7-yr div notes 3 Ms 1944--J&D 29 Pipe Line— 4s 1952...M&S Paramount Famous Lasky 6s 1947 Paramount Publix 5Ms 1950 Paramount Pictures 6s 1955-J&J Conv deb 3 Ms 1947 M&8 32 27 52 94 m 79 % 96 78 82 79% 35 80 82" 56 1 41 42 41 42 96 96 Parmelee Panhandle Eastern 1st mtge & lien 60 / 120 / 119 98 m 63 j&j Pacific Atlantic SS 2-5s , 60 99 Orono 96 k 27 31m 31% 31% 8m 50 H <?a£d Coal 5s '55 debaft'08 M&S op Ohio Leather conv 5s *46. J&J 101 % 98 95% / / / f f 60 Njvelle Corp 4s 1952—"—"-M&N NordbOTgMfg°o 1st 6s 1943M&S Without warrants.. / 53 % 56 N Y L E & W Dock & Impt— 1st mtge s f 5Ms w w 100 84 d Called March 1 at 101. A&O deposit. 1947 A&O Memphis Commercial— Appeal 4Mb 1952 ..M&S Mengel Co conv 4Mb 1947-.M&S 102 m Merchants Distilling Corp— 5% conv deb 1947 M&S 6m Mersey Paper Ltd 5s 1957--J&D Gen 8 f 6s ser A 1949 M&S 15 6m Messenger Corp deb 4 Ms '51 J&J Messer Oil 1st & ref 6s 1942.-J&J 15 Conv 8 f deb 6s 1947 J&J 57% Metropolitan Ice 7s 1954-.-J&J Metropol Persons Loan 7s w-« '5799 Miag Mill Mach'y 7s 1956-J&D Middle States Petrol 6 Ms 1945.. 99 Miller & Hart Inc. deb 6s '43-J&J 93 Miller & Lux Inc 1st M 6s '45A&0 7% gold notes 1935 A&O Minnesota & Ontario Paper Co— 1st 6s series A 1935 A&O 1st 68 series A 1945 A&O 1st 6s series B 1948 J&J 25" 1st 6s series C 1950 M&N 20 5-yr 6% notes 1931 M&S 10 Missionary Sisters (Waukegan, 74 III) 1st ref 3M-4s 1951 A&O 55 30 Northwestern Barb Medusa Portland Cement— 1st 97 1956IJ&J 6s 1937 N'west Pub's Deb 60 20-yr conv deb 5Ms 1950.M&N 95% 95% 109m 28" 50 91 89 40 82 6s stamped 1948 McCormicks, Ltd, 4s 1952 McCrory Stores Corp— 5s s f deb 1951 M&N McKesson & Bobbins inc— 107 81 KefraSt 6Ms 1944.J&J 20 F&A F&A J&J 18M 17 106 m 1947..J&J 101 7s without warrants 1941 .M&N / 22 Maple Leaf Milling— 5Mstnl949 J&D f 49 Marine Elev (Buff) ext 5s '52M&S / 12 Marlon St'm Shovel 6s '47--A&0 54 Massey-HarriR Co 5s 1947-.A&0 d 101 1st 4Ms 1954 95 M&S McCloud River Lumb 5s '48 J&J 100 % McColl Fronteaac Oil— 1st & coll 4mb A 1949 100 % A&O McCord Rad & Mfg— Deb 6s 1943 with warr / 104m Subord notes 6s 1947.....J&J N V Dock Co—1st g 4s '51.F&A 109m Mansfield Min & Smelting— 66 102 m 8uJL3 ya 194O..J&J Industries— New Eng Laundries 5s xt 100 m M&N 1941.J&J 68" 66 Nat Union Mtge 3-6t A *54..J&J 2-5s series B 1954 J&J 101 Manati Sugar 1st 7Ms '42-.A&O / Ceitificates of deposit / 101m 105m Nortn Amer Cement Corp— 95 71 34 % 102 38 100 National Steel Corp— 130 126 5s. 1951 F&A Lukens Steel 5s extend 1955 M&N iPcome deb 5s 1946—M&S xt 129" 100 10 23 37 6swiif? AXth 8tock 1944 M&N M&N 79 128m 128m 95 21 T*a„V*out Deb 4s 1941 19m 102 Libby McNeil &Libb 5s '42.A&O Liberty Baking 6Ms 1944...M&S 81 Liggett & Myers g 7s 1944..A&O Gold bonds 5s 1951....—F&A Lincoln-Boyle Ice 6s 1947.—A&O 69" Lindsay Nunn Pub 6s 1944..M&S Lion Oil 4Mb 1952 A&O Liquid Carbonic conv 4s *47.J&D 100 Loew's Inc debs f 3Ms 1946-F&A 99 97m Logan County Coal 7s 1942-M&NIf 1st ext'd l-4s 1956 M&N! 91m Long Bell Lumb 6s sei A '42-J&J 6s series B 1943 A&O 6s series C 1946.. ..F&A 28 Loiillard (P) Co g 7s 1944.-A&O 90 at v Le Tourneau Foundation— 4s coll trust conv 1947- 104 m NYLE&WC & RR— Leonard Tietz—See Tietz 84 104 m Natl Grocers Ltd 4s 1947—.A&O Nat 57 17 36 % ibl% 55 52 J8'M conv 5Ms A 1946.M&N ATC™ conv inc 5s 1952--.M&N 50 20 17 18m 17 3 Natl Food Products Corp— Subord notes 5s A 99" 55 m 55 m Ctfs of deposit f 1st & ref 5s 1954 F&A f Ctfs of deposit / 1st & ref 5s 1964 F&A / Ctfs of deposit / 1st & ref 5s 1974 F&A Ctfs of deposit ... V f Secured 6s class A ext 1943. J&J )/ Ctfs of deposit f 36 m 3 National Fire Proofing Co— Newport 86 96 98" 88 m 87 Snii^w?, P/od iH8 w3-6s 1953— Natl Debenture Corp W'5I 1»&N I8,1tm°11,mtge 8 f 4s 1965—J&D Natl Tool conv deb 6s w w '42F&A Lautaro Nitrate Co— 100 62 m 28 XT 30 i 28 Gypsum 4 Ms debs 1950 M&N -...J&J 1st 5Ms Debenture 5s 1961 f / "" Natl Consol Bond Corp 2^5s~1953 " Nat Container deb 5Ms '52-A&O Nat Industrial Loan 7s 1957. Nat Oil Prod deb 4s 1952 J&D National Radiator Corp 80 Lake Superior Corporation— 1st & coll tr gold 5s 1944. .J&D f Lane Bryant Inc deb6s*40wwM&N i 63 10-yr deb 4Ms May 1 '45-W&N 5-6s April 1 1946 J&J Lake St John Power & Paper— i National Distillers Products— Lake Erie Bolt & Nut— 85 m 1 64 Series A & D 66 i i i 100 i.oo 98 m 74 -.J&d ..J&D --J&D - .J&D &B&OdlnS8erie" 101m 99 m i t 61 Mills 1st 5s *51 .A&O Motor Transit inc 6 Ms 1952 J&J / 27 97 Munising Pap 6s A &B 1943. A&O Muuson Steamship Line— Secured 6s 1937.... j&j / 36 Deb 6Ms Jan. 1 1937 w wA&o / 2m Certificates of deposit. / 2m Nassau (Ger) Landbank 6 Ms" 1~03« / 20 S J Bondholders 6x1 to '46.. J&D / 102 u fj*a partic ctfs Nat 9% 7 5s 1968 f J&J 1st 4Mb 1968--. J&J Internat Salt g 5s 1951 opt-_A&O Interstate Deb Corp 2-5s Jan 1 *55 Interstate Zinc & Lead deb 7s '32 Iron City-Ohio River Corp— Iron City ser 6s Dec 1 '48-F&A Ohio Riv. ser 6s Dec 1 '48-F&A Isotta Fraschini 7s 1942 J&D Ref mtge 6s Internat Pow 21 43 Bank— Hungarian-Italian Bank Ltd— 7 Sinking fund 7Ms 1963—A&O / Hygrade Food Products Corp— 65 1st & ref 6s Jan 1949 A—A&O 65 6s 1949 series B J&J 86 m Ice Service 1st 6Ms 1939 J&D 104 Illinois Steel deb 4Ms 1940--A&O Ilseder Steel mtge 6s 1948—F&A fk 40 108 Independent Brewing 6s '55.J&J 100 Indian Refining 5s Dec 1 1941— 63 Indiana Ice & Fuel 6 Ms '47-M&N 4m Ind Limestone inc 6s 1952--M&N / 50 Prior lien s f 6s 1942 M&N, Indianapolis Motor Speedway— I 70 1st extended 6 Ms 1946—F&A 95 Industrial Acceptance 4s 1952 J&J 95 Indus Rayon 4Ms A 1948—J&J 109 Inland St'l 3 Mb ser D 1961-.F&A Interlake Iron Corp— 83 m Conv deb s f 4s 1947 A&O Internal Agricultural Corp— 102 1st & colT tr s f 5s 1942 M&N Internat onal Match Corp— / 6 Deb s f 5s 1947 M Certificates of deposit / 14 m / 6 Conv deb 5s 1941 J& Certificates of deposit / 14m Internat Mercantile Marine— 53 m 1st M coll trust 68 1941--A&O International Paper— 98 m 1st & ref s r 5s 1947 ser A.. J&J 98 m 1st & ref s r 5s ser B 1947--J&J S°!l £ o£r£8 ser 11941 £°! £ 2M-5s ser 2 1946 r!J! 8 o^"r8 ser 3 1951 2 2M-5s ser 4 1956 1osineePap 36 m 100% 7 / MoftboSo,^^2-580"01'53 27 20 15 / .... 70 65 / 2d mtge inc Hungarian —. 1 86 m 90 65 100m 40 J&D 28 GO cs 102 93 J&J 1st & ref 5s 1944 91 5s 1951—..A&O 17 Hart Coal inc 6s 1945-------Hatfield-Campbell Creek Coal— 88 1st 6 Ms 1948 M&S Hawley Pulp & Paper Co— / 106 1st 6s s f 1946 Haytian Corp inc 8s Oct 1938-— ik* 80 Hearst Publica 6 Ms to 1947-M&N 96 Heller (Walter E) 4s ww 46-A&O 92 Helvetia Coal Min 1st 5s 58. A&O enum Corp of Amer— m 94 5s uniform ctfs of dep 1959 / 9% Lackawanna Steel 5s 1950--M&S 117 La France Textile 1st 6s '42-J&D f 28 95 Conv s f deb 2 Kreuger & Toll— 25 Ham'd Standlsh 78 86 6% notes 1942 j&D Monon Coal—See Chic Ind & L Ry. 95 Monroe Coal Mining 6s '47 F&A 75 87" 87 74 (Rudolph) Inc— Kelsey Hayes Wh'l 1st 6s *48-J&J 15-yr conv deb 6s 1948 J&J Kentucky Rock Asphalt— 3M-6Ms 1945 J&D / Keokee Cons Coke 5s 1959--J&J Keyes Fibre 1st 6s '38-'39 M&N 1st 6s 1940-1949 M&N Keystone Steel & Wire— 3% notes 1939-1941 M&N 4% notes 1942-1945 M&N Kings Co Refrig 6s 1942 A&O Kingsport Press 6 Ms 1939--F&A Kingston Elevator 1st 6s '50 M&N Kinney (G R) ext 5 Ms 1941-J&D Kirby Lumber 1st 4s 1947-J&J 16 Koehring Co (Milw) 3-5s '45.J&J Koholyt Corp 6 Ms 1943 M&S f Koppers Co 4s 1951 M&N Kresge Foundation— 10-year coll tr 4s 1945 J&J 3 M? coi] trust notes 1947-F&A 99 —M&S 55 1st 6s 1943 with Am shs M&N Ctfs of dep w w stpd 1943 / 6s stamped (par $925) 1943 / 6s with warr (par $925) 1943-- / Keith (B F) Corp 6s 1946—M&S 50 92 A 1941.M&S Godchaux Sug 1st s f 5s '47.M&N Good Hope St & Ir Wks (Germ'y) B Karstadt 48 70 Ask Bid Bonds Rubber ext 5s 1948 A&O , Kansas Pipe Line & Gas— 1st 5s series A w w 1952 41 Conv deb 4MS ser 5s series { Ask 92 98 m Indiana Co 1st s f 5s 1950--J&J Jones & Laughlin Steel— Gen Plastics 1st s f 5s Gen Rayon Bid Bonds Bid Bonds 32 32 10 Transportation Co— 6s 1944 A&O Paton Mfg Ltd 1st 4Mb '56-M&8 Peabody Coal Co (Consol Co)— 1st s r 5s 1953 ser A M&N 8 f conv deb 105 118 118 101 101 % 84 % 85 50 56 m 95 85% 86m 100 / This price includes accrued interest, k Last sale, n Nominal, x Quoted in guilders. INDUSTRIAL March, 1939] 83 MISCELLANEOUS BONDS & NOTICE—All bond prices are "and interest'* except where marked "f" and income and defaulted bonds Quotations for all securities are as near as possible for the closing day of the month preceding the date of issue Bonds Bid Penn Amer Goal 6s 1941-56..J&J Penn Mercantile Properties— Secured s f 3-4s 1961.....J&J _ 43 46 98% 99 105 / Potomac Potomac Potomac 1st s "7% 6 106% 107% 62% lli" 67% 11% 13 98 99 76 78% M&S 40 43 35% 35% 96 98 Signal Oil & Gas—' 102 Conv 6 Ha A 1945 M&N 68 Stgnode Steel Strap 3Ha *45.A&O 80 Silesian-Am Gorp 7s 1941—F&A 95 flilverw'd Dairies 5s '4l to *51 J&J Simmons Co Conv deb 4s'52A&0 98% Simpsons Ltd— 99 1st & coll 4Ha A 1951....J&J 104 Skelly Oil deb 4s 1951 J&J 100 Slattery Go 1st 6 Ha '45 M&N Smith (Howard) Paper Mills Ltd 1st 4J4s 1951 102 J&D Smith (L O) & Corona Typewr'rs Deb 2%to4%% to 1946—J&J 101 Smith & Wesson 514s 1948—J&J 57 Sooony-Vacuum Oil 3 Ha '50- A&O 106% Sonth Coast Gorp— Gen mtge inc 6s April 1950 / 80% Southern Advance Bag & Paper— 1st s f 6s 1947-.-— J&D 100 Southern Brighton Mills— 1st gtd 7s 1940 69 J&D 1st gtd 6 Ms 1940 -J&D 70% Sou Ice & Util conv 6s 1946-F&A 83 56" Southern Ice Go— 1st & ref 5-8s 1942..——.A&O 10 103 —— 7 22 3% 2% 89% 23% "5"" 90 108 107 108% 94 94% 105 98 98% 103 98" 96% 91 / -M&S 2-5s 1953--. Cons Deb Gorp 3-6s '53. Deb Gorp 3-6s 1953— Franklin Deb 3-6s 1953Md Deb Gorp 3-6s 1953 Realty Atl Deb Gorp— ft* ilH - Improvement 1st 5s *41- / Southera Kraft Gorp— 1st leasehold 414s 1946—.J&D Southern New England Ice— 1st s f 4 Ha 1967 A&O 53 56 41 42% 88" Southwest 1st 3s 1939-1940 —M&S 1st 3 Ms 1941-43 M&S 1st 5s 1957 —M&S 2d conv deb 4s 1957—...M&S Produce Term & Gold Storage— 99% 99% 94% 94% 100% 100% 96% 96% 98% 100 104% 103 1st income 6s 1958—...J&D Protestant Church of Germany— 7s 1946... A&O Prov Paper Ltd 5%s 1947—M&N 83 1st ■ 15sl953 .—M&N R&dio-Kelth-Orpheum Corp— Part paid ctfs (for 6% deb and common stock) 65% paid--. / Debenture gold 6s 1 §41- J&D / Midwest Corpref 6s 1940.M&N Railway Express Agency lnc— 43% 1945. 1946. 1947. __ Serial notes— . / 70" 68 Secured cum „ 100 %% to 2M% 1939-48—J&D 14 Railway W'house 4-6s (w-s) 47- / 61 Realty Bond & Mtge deb 3-6s '53. 1950. i / 92% 91% 104 102 103% 99 >/ >/ 93 Gen mtge 4%s ser B 1961-F&A Gen mtge 4 Ha ser O 1956 M&N Purchase money 5Ha '54.M&N 93% 93% 106% 105% 98 Restigouche Paper Ltd 6s '48F&A 100% 93 Reynolds Met deb 3 H a 51—J&D 102 Rheem Mfg conv 5s 1948...A&O Rheinelbe Union 7s 1946 J&J f 39% Rhine-Main-Danube 7s *50 M&S 30% Rhode Island Ice 5s w-s *51-.F&A / 10 Richardson & Boynton Co— Cum income 4s 1945 J&J / 6 Richfield Oil of California— Oonvs f 4s 1952-..-.——M&S 100% 96 50 35 15 104 1948-F&A Richmond (Va) Ice 6 Ms *42.A&O 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 Roch & Pitts O & I 5s 1946-M&N Rocky Mtn Fuel 5s 1943 A&O Rolland Pap 1st 5%s A '48—J&D Rolls Royce of Amer 7s 1937 M&S Roman Catholic Church 6Ha 1946 104% 42 39 Richmond Cedar Works 6s 1953. Richmond Hos Mills 7s 20 105% 104% !03% 18" 16 96" 96 28% 27% 106% 80" 13% / / 48 25 10% / 1st M serial 6s 1932-1942 Sunray Oil Corp— / f 18" 15 101 76% 81 100 4 .... 67 25 3% 5 107% 82 126 102 103 78 Copper & Chemicalser B. "2% f 70 18 H 103 11 Rueping (F) Leather 6s '40—A&O Ruhr Chemical 6s 1948——A&O f 26 Ruhr Housing 6Ha 1958—.J&J / 21% 105% Safeway Stores 4s s f deb *47-J&D St Glair Furnace 1st 5s 1959- F&A 63.00 101 St Joseph Stock Yds 5s 1940- F&A 92% St Louis Amuse't 1st 6s '45.A&0 St Louis Gas & Goke Cori»— IstMsf 6s 1947 ..J&D / 17% 56 St L Rky Mt & P 5s '55 stpd .J&J 103% St Paul Un Stk Yds 5s 1946. &&0 43 Saltex Looms lnc 6s 1954..-A&O Saratoga Victory Mills— 79 6Ha with warrants 1943—J&J Saxon Pub Wks (Germany)— 1st extl s f 7s 1945—— F&A / 19% Gen & ref 6 Ha 1951 -M&N / 20% 6% notes 1937 J&J / 20 11 Bayre & Fisher Brick 6s 1947.J&J / 65 Scnoenstadt (H) & Son 6s 1950 — Schulco Co 6%s 1946 J&J / 19 19 Stamped (July 1933 coup on) / Guar s r 6 Ha 1946 ser B—A&O / 30 / 30 Stamped — 91 Schulze Baking 1st 6s 1945--M&S 119% Scott Paper deb 3 Ha 1952—M&S Scovill MfgCo 5%s 1945-- -J&J 107% 102% Scripps (E W) deb 5 Ms 1943 F&A Scullin Steel 1st 6s 1941 A&O / 79% 60% 1st conv 3-6a 1951—.....A&O 93" 48% 106% 30 75 95" f deb 6s (Leonard) 7 Ha Pr lien & coll 7s Jan 1935.M&N Certificates of denosit 77 Tlvoli Brewing conv 5s 1947 J&I Tomahawk Kraft Paper— Wise Lime & Cement 6s '38.A&0 Witherbee Sherman Inc— 106% 76% .....J&D 6Ms w w 1944 Woods Mfg Co Ltd— 1st 3s to 1941 J&J 3Ms series A 1942-1945-..J&J 4s series A 1946-1947 J&J 4 Ms series A 1952..... J&J Woodward Iron 1st lien 5s '62J&J orp5s 1955 Unlon Compress & Warehouse— 75" Commodity No. Last Sale N Y Stock Exch—1,375 $60,000 N Y Cotton Exch— 450 8,000 N Y Oof & Sug Ex. 344 2,600 N Y Curb Exch Exch - - Baltimore Stk Exch 50 101 95% 110 101M 12% 12% 18% 85 15 100% 96 70 50 M 102 M 92 94 93 92 105% 92 80 106 107% 800 400 3,000 1,350 94" 49 52 Ft Worth Gr & Cot 66 350 Kan City (Bd of Tr) Los Ang Stock Exch 213 3,750 1.000 Milw Grain & Stk. 177 523 19 101 101 116 108% 26 01 98 United Amusement Gorp— 1st s f 5s ser A1956Fi United Biscuit deb 5s 1950— United Cigar-Whelan Stores— 61% 95 107 108% Minn Ch of Comm. Minn-St P Stk Ex. Montreal Stock ExNew Orl Cotton Ex New Orl Stock Ex. Phila Stock Exch._ Pittsb Stock Exch. St Louis Exchange Salt Lake Stock Ex. . 77% 5Ha series B 1949 _.M / This price includes accrued interest, 80 99 72% San Fran Stock Ex. Seattle Stock Exchl Seattle Curb & M_ J Toronto Stock Exch 89 91 92- Winnipeg Gr Exch. Washington Stk Ex « "775 800 49% 115% 107% / 24 92 8,006 2,410 4,000 1,600 2,100 2,500 Chicago Bd of Tr.. 1,544 Chicago Stock Exch 356 Cleveland Stk Exch 41 Detroit Stock Exch 65 72% 59 r 10,000 50 93% 100 United Grain Growers Ltd— 5s series A 1948 70 members. 550 964 76 139 Boston Stock Exch. 97 90 6 Basis. 4 90 30 105% Union Oil Go of Oalifornia- 32 13% 93 105% 110 28% 22% 100 121 84 99 -J&J A&O J&D Youngstown Sheet & Tube— 1st M s f 4s ser C 1961 M&N Oonv 4s debs 1948 ....M&S 6s 1942 York Ice Mach 6s 1947 Debenture 6s 1943 102 100 Ulen & Oo- 13" 88 2d conv inc 5s 1962__Ann Apr Woodward & Tier nan Print— 47% 83 20% 20% 99 M&S - 55 / - Called April 1 at 102%. .—J&J A 1930 Secured 6s 1945....— M&S Wilbur-Suchard 4s 1952 Wilson & Co 4s ser A 1955-..J&J Oonv debs 3 Ha 1947 A&O Winslow Bros & Smith— 65 '46-J&J / %s'46M&£ / x-w Tilden Lumb & Mills 6 — * QFeb Weyenberg Shoe Mfg— Debenture 4%s 1945 J&D Wheeling Steel Corp— 1st M sf 4%sser A 1966--F&A Whltaker Paper 7s 1942 M&N White Sewing Machine— Deb 6s 1940 M&N Wickw Spencer Steel 7s '35--J&J Certificates of deposit ser 38 F&A Conv deb 6s 1944 Western Steel Products— Gen sf 5s Jan 311956 99 97 105% Tide Water Assoc Oil 3%* '52&J 18 44" s EXCHANGE SEATS Tietz ^ 40 1941-—M&S 5Ms notes 1937-.--M&S Warren (S D) Co— 1st mtge 8 f 4 Ms 1952 M&N Conv deb 4 Ha1952 M&N Webster C&C 1st g 5s '42 op M&S West Disinfecting 6s 1940--J&J West Tndies Sugar 6s 1947._A&O West Va Pgh Goal 6s 1947W Va Pulp & Paper 4%s '52 J&D Western Newspaper Union— Conv 105% . 25 Warren Bros Co— Extend income 6s 1963...M&N Wood (Alan) Ir & St 6s 1944.A&O 125% Oonv deb 6s 1944 92 72 40 1944-----A&O 5Ms 1943 Taylor-Warton Iron & Steel- Tenn 62 % 98 M A&O M&S Warner-Quinlan Go 6s 1939.M&S Warner Sugar Gorp 7s 1939-J&J 5-year 7s 93 94 1946 f 62" 74% 80% 1% 107 103 ff 39" . 80 68 61% 24% 16% 50" 106 H 103 M 51 76 .J&D Woodland Farm Dairy— ' / - Sugar Pine Lumber Go— lio" Susquehanna Silk Mills- 105 f .— 60 48 100% Sugar Estates of Oriente— 1st 7s 1942 ctfs of dep „ 98 -M&N 1943 Warner Co 1st 6s 105% Struthers Wells Titusville— / 7 Ms Certificates of deposit 96 f 1st 20-yr 1st mtge 4s 1955 Warner Bros Pict 6s 1939 Strawbridge & Clothier— !3% 138 30% Walton Lumber 1st 6 Ms *41 Q-Jan Walworth Co 6s s f deb 1955-A&O 21 1§ 35 100 Revere Copper & Brass— 1st mtge 4 Ha at 1956——J&J ,20 39 Stinnes (Hugo) Industries- / / 8M 4 Vicana Sugar Co 6s 1F55J&J Victor Amer Fuel 6s 1940 F&A Victor Fuel 1st s f g 5s 1953--J&J Va Iron Coal & Coke 5s '49. M&S (Hiram)-G & W— Deb 4 Ha 1945 Corp- . _ Rom Cath Church Welfare 7s Stinnes (Hugo) 95 11 Walker Stillwater Worsted Mills- _ Vanadium Corp of America— Gonv deb 5s 1941 A&O 97 53 97 Remington Rand lnc— 20-yr deb 4 Ha w w 1956..M&S 4 Ha without warr'ts 1956 M&S Republic Steel Gorp— 38 H 6%s series O 1951— J&D 6%s series A 1947......—J&J nited Stockyards Gorp— 88 15-yr coll tr 4 Ha A ww '51 A&O 104 H United Wall Paper Fac 6s 1947— 45 Universal Sewer Pipe 6s 1943 J&J Utilities Elkhorn Coal 6s 1948 J&J f nnr™" 97 oline Oil ext 5s 1947.-M&N 100 75 98 Red Riv Lumber 5 Ha 1938-M&N inc 3-5s Apr 59 105 % Certificates of deposit 86" 93 103 90 F&A debsf 6s 1946-.. 55 101 93 Stanley Crandall 6s 1946--F&A Stanly-Rowl-Clark 6s 1946--F&A Starrett Corporation— 113% 95 85 93 M&N ulcanite Portland Cement— 104% 102% 102% 102% 103% 166" 98 98 5 Sugar— 1st coll conv 5s 1951 ..A&O Vert.ientes Sugar 1st 7s 1942. J&D 72 35 104% / 3 100% 104% / 13 105% '1 Purity Bakeries 5s 1948 J&J Quiker City Gold Storage— 100 J&J - 106% 37 / f Finishing 5s 1944 U S Pipe & Foundry Go— Oonv deb 3 Ha 1946 97 Dairy Products- Conv income 5s 1944 U S 83% Southern United Ice Go— 82% 85 % 1C0 8 Gold Storage (Kan City)— 1st sink fund os ser A 1946-F&A 1st sink fund ser B 1949-.F&A conv _ 94 Potomac 3-6s 1953— — Potrero Sug 7s stmp 1947.-M&N Pratt Cons Coal 1st s f 5s 55 J&J Pressed Steel Gar Go 5s *51—J&J Price Bros & Go Ltd— 81H 24 H 24 H 62 H United Industrial 1st 6s 1945-J&D Deb 6 Ha 1941 M&N United securities Ltd 5 Ha 1952. S Gold Storage(Ghg)6s'45.J& U S Print & Litho 6s 1950--A&O U S Radiator Gorp—, 68 Southern 110 109% / / / / 68% 62% Ann Apr / 475 100 J&J Deb 6s 2930— 7s 1940 Bid . J&J f 6s 1947 Siemens & Halske— Deb g s f 6 Ms '51 with war f 5s to 1941—. Potomac Bond Gorp Potomac —— —M&S / 28 112% J&D Phelps Dodge 3 Ms 1952 Phila & Read O & I 5s 1973—J&J Oonv deb 6s 1949 M&S Phillips Elec Works 5s 1953.F&A Phillips Petr 3s conv deb '48-M&S Phoenix Iron 1 st s f 6s 1946-M&N Phoenix Silk Mfg 7s 1943—F&A Pickering Lumber 6s A *46- -M&N Pierce Butler & Pierce 6%[s '42— Pine Hill Collieries 1st 6s '42 A&O Pirelli Go of Italy con 7s *52 M&N Pittsb Brewing 6s Feb 4 '49...T&J Pittsburgh Goal deb 6s '49..F&A Pittsburgh Goke & Iron Co— 1st mtgeconv 4 X s 1952---M&S Pitts Crucible Steel 5s to 45.M&S Pitts Steel s f 6s 1948 F&A Pocahontas Oonsol Collieries— 1st gold 5s 1957 op Poor & Go s f deb 4s 1946—A&O Portld Woolen Mills 6 M»'41 M&N Porto Rican Amer Tobacco—_ Oonv 6s 1942 ........J&J 6s stamped 1942 Port Royal Pulp & Paper— Gorp 5s 1948..—...J&J Shell Union Oil Corp— 15-year 3 Ms debs 1951—M&S Servel Bonds Ask 95 Sheridan-Wyoming Goal Co— 1st s f 4 Ha I960.........J&D Pettibone Mulliken— ■ 6s ww 1943 Bid Securities Accept Gorp 5s '46 J&D Seneca Copper 7s 1933..——J&J / . Pennsylvania-Dixie Oement Gorp 1st m s f 6s 1941 ser A-M&S15 Pennsylvania Glass Sand Corp—- Bonds Ask 90 k Last sale, 500 650 75 3,566 150 i",66o 1/80 1,000 1,000 46,000 500 710 "700 70 200 105 970 500 100 45 28 1,250 500 18,000 300 113 65,000 40 463 3,100 44 69 '400 500 3",200 94 n Nominal, r Canadian price, s Sale price, y 80 seats, Industrial and 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 Stocks Ask Bid Per Par Bid Drayton Mills....20 TEXTILE STOCKS Northern Mills Preferred. Amostteag Mfg * Arlington Mills..100 Barnard Mfg...100 Beacon Mfg— Preferred 100 95 100 SH 63 K 5c 21 14 K 65 Spinning Co.—.* 5% preferred—.* 7% preferred * Bigelow-Sanford Carpet common. • Preferred 100 Border City Mfg 100 * Bourne Mills Preferred 100 Dexdale Hosiery— Preferred ..100 General ♦ 100 Cotton NonquittM (N B).* Pacific Mills... — * Mfg 100 Pilgrim Mills 100 Plymouth Cord.. 100 Pierce 5 6 28 32 7% preferred common........5 Common Preferred A Preferred B 27 77 79 6K 8 7 sk 7K 31 35 Gaffney Mfg.—..50 Conv pref 10 Gainesville Cot Mills Glenwood Mills. 100 Gossett Mills.—. 9 72 K 73 K 3K 4K Granteville Mfg. .20 Grendel Mills— Preferred ...... 20 Hamrick Mills. Knit.5 7% preferred..100 Hanover - 32 - - - 9 25 70 31 7 9 16 18 K K 4K 15K IK 5 16 2 35 8 Bulolo 110 87 7 Central Eureka 70 70 75 80 ... 95 4 100 40 40 Laurens C M .100 Limestone Cot Mills Linford Mills 25 98 77"" Majestic Mfg.. Marion Mfg Co 7K 4 May Hosiery $4 preferred Mills Mill pref.. 100 Mills.. 100 Cotton. 40c 54 81 Nat Yarn Mills Newberry O M..100 60" 100 7% preferred 100 7% preferred-.100 Perfection Spinning. 29 M—100 5 60" 31 6 4 45 75 50 Pacolet Mfg 57 K Pickens Mfg... Piedmont Mfg—.20 70~ 44 30 (F W) Mfg.. 100 Rhodiss Mills 7% pf 35" 82 80 67 87 55 115 61 125 25 27 19 23 62" Poe Acme Spinning Alabama Mills * Amer Yarn & Proc.. 93 2K 7% preferred.. 100 Anderson Cotton Mills -.100 Appleton Co * 99 Arcade Cotton Mills 47 Rowan Cotton Mills Saxon Mills— 50 — Smyre (A M) Mfg 10 7% preferred 55 35 90 37" 92 K 25 1 7% preferred-.100 Burlington Mills... 1 Calhoun Mills 50 Callaway Mills.. Cannon Mills——* Ohadwick-Hoskins Co 10 8% preferred.. 100 China Grove Cot— Chiquola Mfg 20 6 % preferred Clifton Mfg (SO) 100 Climax Spinning- .50 Columbus Mfg (Ga) Common..... 100 Converse (D E).100 20 7 90 93 3 37 81 20 Spinning.. Darl'gton Mfg(SC) 5 7 % preferred—100 Spartan Mills 100 Startex Mills 20 Sterling Spinning— Stowe Spinning Textiles Inc com..10 15 19" 31K 81 15 K 45 21 32 5 8 70 78 65 20" 95 72 100 50 56 45 50 75 81 4 30" 14 ik 38 16 2 32K 11K IK 76 99 11 Goldfield Consol Mines 90 96 42 K 110 6K 8 9K 2 2 4 Roan 64K 51K 12 K 6 34)4 6K 5 14K •A 6K 40 8K 15K 11c 16c 39 39K Joseph Lead 10 H K 50 7 60 9 Stand Silver-Lead .1 Sunshine Mining. 10c Tonopah Mining-_1 Union Copper Land & Mining......25 IK 35c 37!i 10c Utah Copper Co Yukon Pacific 14 K Bd of Tr Bid Tr.100 Bos Grid R'T Tr 100 Bos R E TjfBos).100 a Bos StorAV'h*ge_100 Boston Wharf... 100 Cent BldgTr 100 a Chic R E Trus's. 100 a City RET (C)—500 Congress St Associ¬ ates (Boston). 100 Factory Bldg Tr.100 Fifty Associates (B). Hotel Tr(Boston)100 a 10c "2" 45c 38 K z/ 20c K* 36 50c 55 K 10 K IK IK 1st M 6s Jan 1941 Wallace Mfg Co 77 80 22c 43 5 of" 16 5 7 a .... 100 3 a 3 a 350 , a - 8 3 Bankers Bond & Mortgage Guar. * EmpireTitie &Gul00 Home Title Ins (NY) 8 H 5H INDUSTRIAL AND MISCELLANEOUS 50c * Lab'tories.* 4)4% convpfd 100 Abbotts' Dairy » 58 118K 60c 58K 126 16 12 $6 preferred ...75 68 7 Abitibi Pow & Pap_* 6% preferred .100 IK 11K 12 16 20 Abraham & Straus.* Steel 25 Acme Wire v t c._20 Adams (J D) Mfg..* Adams Express * 37 39 26 8 42 K Adams Millis Adams Oil & 21 . 7% preferred—100 Acme 9K * 7K Gas.* Multigraph Corp 10 Advance Aluminum com 29c 5K 26 2K 2K 5 Advance Rumely..* Aeolian Co— 4K 6% preferred A.50 Aero Supply Mfg— Class A * 20 Aetna Ball Bear 1 4K 8K Aetna Brewery 1 5c Class B 73" 12 IK 39K 28 9 9K 21K 8 * 27 2K 3 6 23 4K 8K 20c Aetna Rubber. Tunned 90 IK 116 57 75 9 > 2K 2 58 75K 5 * Preferred 100 Aetna Stand Engine* Agfa Ansco 1 3K 28K Agnew-Surpass Shoe 55 56 24 25 Common N Y & Honduras 4K r * 9 Preferred 19K 81 121 n Nominal. 32 28 a a — 16 Common .......1 55 K 10 K fc Last sale. m Addressograph 13 /Flat price. ' Aberfoyle Mfg.. 100 7K K 34 K 32 3 5 17K Abercromhe & Fitch 6K 11 18" a a TITLE GUAR¬ ANTEE & SAFE DEPOSIT STKS 20 K Lucky Tiger Comb 28 115 78 115 IK 5 Abbott Cap Gold Mini 65 IK 8K • A B Stove W* 80c Vlctor-Monagh'n 100 7% preferred—100 Victory Yarn Mills— 110 7 IK REAL ESTATE TR & LAND STOCKS 6K 46 K 73c National 61c White Knob Copper Preferred 10 Wright Hargreaves Mines ...» Castings 70~ % 120 10 Utah Metal A Tun.l Walker Mining....1 6 IK 70 Ware Shoals 9$ 11c 34 K IK Mining Corp 7K 5K 65 52 K 124 5 Common —.10 1st 7% pref 100 2d 6% pref... 100 16 1 5 Silver King Coal—5 So Am Gold & Plat.l Guar & Trust of New York...20 Louisiana L'd & Ex 1 38 30 Antelope Min Ltd Amer snares.. St Anth Gold M...1 Title 15 8 oftK 20 King David Min.50c Kirkland LakeGold 1 Lane Rincon Mlnesl Lake Sh Mines Ltd 1 Lava 25 . .100 Kennecott Copper.* Kildun Mining—.1 19 41 11K 2K 2K 2 a 32 8 14 K Mining .... 11K 2K 43"" K 1 Royale Cop. .25 Jardine Mining 1 14 60 116 17 36 100 50 Union-Buffalo Mills Mfg 100 7% preferred.. 100 Washington MillslOO Wellington Mills..* Preferred 100 West Point Mfg—20 Winget Yarn Mills Mtge 6s 3 K Copper .20 Internatl Mining—1 Warrants Island Creek Coal.l $6 preferred.....1 4K Class A pref Class B pref a Purchaser also pays accrued dividend. Without par value. 8? 31K 11K Inspiration Cons Southern "Worsted 6 43 86 23 IK K Isle 7% preferredlOO Southern Weaving.* 98 6* IK Idaho Md Mines.. 1 Illinois Zinc ——* 9 73 com Wiscassett Mills Woodside Ootton.20 • 70 106 10 10 6 .... Process 4)4 Bay Min & Smelting • 100 Southern Bleachery 6 Print Wks——* Preferred J* 96 4 77" Cowpens Mills Dallas Mfg (Ala) 100 23 K 7K 56 K 7K Zinc, Inc..-. 1 Federal Mining Ac Smelting com..10 7 % preferredlOO Golden Cycle Oorpl 0 Howe 8ound Co 9 ~7" 2 IK Quincy Mining Co Hudson 65 100 2% 51 K 55 K 25c Hollinger Mines...5 Southern Franklin Avondale Mills Beaumont Mfg 7 % P eferred Belton Mills (SO) .25 Preferred Bibb Mfg 100 Brandon Corp A. 100 Class B * Crescent 97 5K 23 K Pond Creek Pocahontas * Premier Gold M—. 1 32 10c Copper Co 71 7 16 4 22 Amer shs ctfs__l0 Pioneer Gold Ltd—1 Polaris Mining. .25c Homestake Mines 60 25 Common. 29* 1 43 K E vans-W allower Hecla 99 6% preferred-.100 3 _ Eagle Pic h Lead. .10 Evans Wall Lead— 7 % preferred-.100 common 7 % preferred- -100 43 Power common..5 Greene Cananea Riverside & Dan Riv 1 IK 7K K K 3K Granby Cons M S & River dale Mills— Southern Mills K« Ke 3K Gold Min & M..1 Ousi Mexicans..50c Dome Mines Ltd..* 10 Musgrove Cotton 15 * * 3K IK Oresson Consolidated 57 .... 12 United Verde Ext50c 1 7 Copper Canyon. 10c Copper Range * Cornucopia Gold.5c 1.00 28 26 2K 15 Orr Cot Mills 13 K 3K Consol Copper... 5 Cons Min & Smelt .5 103 60 Monarch 27K 13 * Common... 36 40 6 40c 26K r Chile Copper 25 Clear Creek Cons— 30 32 35 1 K Mining Gom._25c Preferred B 50 Oriental Consol Mining 10 Pacific Tin special.* Park-Utah Consol Mines...' 1 Patino Mines & Seneca Copper Shattuck Denn K 30c 1 ChiefConsol Min. 25K 68 K 3 10c 29c 25c St "*A 1 Copper Corp 55 50 45 Mooresville 13 13 Carnegie Metals 100 50 King (J P) Mfg.. 100 Bleachery & Dye Works com 10 4H 13 K 34 30 K 14 5c Cerro de Pasco Marlboro O Mills 4K 9 Lanett H 30 76 10 pflOO Preferred B 6% 30 H Central Am Mines. 1 Preferred 65c 7c ..... 10 Callahan Zino-Lead Co 1 Calumet & Hecla—5 60 9 9K Butte & Sim 41 6 5c 6H 29 5 50 Judson Mills A 37 100 ing, Ltd 5 31 26 132 16 9K Mines—.1 Gold Dredg¬ 4% preferred— S3 prior pref..—. Highland Pk Mfg 20 6% preferred 23 1 2c &SulPnM&02H Butte Cop & Z Go_o 98 83 Mills pref Inman Mills 67"" 13 Bunker Hill Industrial Cotton 23 13 128)4 Consol 93- 105 94 38 7 9 21K 11K r 5 Bagdad Copper Mills— 35 6 6 IJtica & Mohawk Cotton Mills.. 100 Preferred 99 STOCKS Imperial Yarn 5 31 Abbeville Mills....5 42 K Black Hawk 6% preferred..... 34 Preferred - Hartsville Cot Mills. Henrietta Mills— 52 28 Mills common. — 7 _ Hanes (F H) ♦ Soule Mill (NB).100 — 30 .. Victory Wamsutta 96 Mills.— 100 (F R) Saratoga 40" 42 Admiralty Alaska Gold Mining 1 Alaska Juneau Gold Mining 10 Amer Zinc Lead & Smelting 1 $5 prior conv pf 25 AnacondaCopMin 50 Andes Copper M.20 Ariz Comstock .1 Austin Silver Min.-l Fulton Bag & Cotton _ Sanford Mills 10 32 99 Norris Cot Mills Mfg Sagamore 37 K r siif 60c Enterprise— 100 29 7 % preferred- . 100 26 6K 20 20 MINING Florence Mills—100 45 Powdrell & Alexander Qulssett Mills—100 Rich Borden Mfg Co (F R) ♦ Saco Lowell Shops r 59K share IK 80 Noranda Mines.._* North Butte 2.50 Ohio Copper of Utah... 1 Old Dominion Co.25 Oklahoma Interstate 99 24 Patchogue Plymouth Mills $3 cum pf--1 Pepperell Mfg—100 Wabasso Cotton— r 110 4 * r r .... 96 7 96 20 (N H) 100 r Penmans Ltd com.* Preferred 100 108 .1 Preferred....8.50 Preferred..—100 2nd preferred...1 Montreal Cottons.. Preferred -100 11 6% preferred.. 100 Martel Mills Nashua M Per 148 24 Fairforest Finish Co Serial notes...—. Flint Mfg Co 10 84 20 100 r 10 i 55 18 18K 100 r 41 9 18 34 46 preferred .25 Hathaway Mfg..100 Kilburn M (N B)-75 Luther Mfg 100 Preferred Nashawena M Domin Text Ltd—* Preferred -----100 7 65 K 102 K 59 16 Prior Units r 31 Bid Par Nipissing Mines...5 Can Converters. 100 Can Cottons Ltd 100 Preferred 100 45 • Mohawk Carpet. .20 Mt V-Woodb Mills Stocks Canadian Mills 40 _ Gosnold M (N B)--* Preferred 100 (Baltimore) 109 8 Ask share 31 Enterprise Mfg Co. Erwin Cotton..—20 Brighton Mills— Draper Corp Fair Alpaca 7 % preferred- -100 Durham Hosiery— 6% preferred—100 Dwight Mfg 12 K Eagle & Phoenix MEagle Yarn.—— Easley Cotton Mills Bid Par Per • 1 23 Fine Berkshire 28 7 % preferred——Eflrd Mfg 100 • Stocks share 5 20 Dunean Mills Algonquin Print. 100 American Mfg..100 Pr lerred ...100 Amoskeag Co.... Ask Per share ..100 106 Ainsworth Mfg....5 Air Associates.....! Aircraft Precision... Air Devices Corp..1 Canadian price. t New stock. 8H •a x Ex-dividend, march, 1939] industrial Quotations for all securities Stocks Par Bid Ask Stocks Par , Per share Air Reduc'n com..* Air-Way Electric Appliance 58% * 59 1 4* Alaska Pac Salmon* Am Internat Corp.* Amer-La France & Foamite Corp.. 10 51 54 Vot trust ctfs 5 Alberta-Pacific Grain class A 3% 4% * Preferred 2 20"" 100 22 Alexander Dept Stsl Alexander Hamilton Inst 8% pref. .100 12 16 Algoma Steel com.* 10 11 Preferred 100 4 5 55 60 Allegheny Ludlum Steel Co. 7 % preferred Allen ' Com__* 100 . . Industries 23% 23% Locomotive.* 7% preferred.. 100 8 Corp common * Allied Kid Co com.5 174% 11% 12% 12% Allied Laboratories * * 7 conv 7% 1st pref 6% preferred 9* 5% preferred--100 68% 10% 6954 Allis-Chalmers Mfg * Common Alloy Cast Steel * Alpha Portl Cem__* 43% 6% 17% 43% * pref . 18% American Snuff..25 6 % non-cum pflOO Amer Steamship. 100 20% Am Steel F'dries 6% preferred.. 100 Alum Goods Mfg..* 113 11354 15 54 15% 3 % Feb. 18 121% 12254 109 % 11054 2 1 Leather 6% conv pref..50 Amalg Sugar 1 5% preferred 10 Amarel Corp 100 Amerada Corp * Amer Agric Chem.* Amer Air Lines 10 American Arch * Am Bakeries pref 100 Class A * * Class B Am Bank Note 10 6% preferred 50 Am Bemberg com.* Preferred 100 Am Beverage Corp. 1 5 7% preferred American Book-.100 Amer Bosch Corp..l Amer Box Board..1 A.Brake Sh & Fdy— Common * 5%% conv pf-100 American Can 25 54 il* 16% 1% 154 554 vi* 115 60% 19 % 24% 3454 109 % 45 % 34% 2454 3854 11154 4754 3654 W' Ax 60 954 77 2 154 254 5654 6% 854 58 654 9 7 % preferred .100 Amer Canadian * * 7% preferred. .100 Amer Carmel 100 173 165 1 - Amer Centrifugal_.l Am Chain & Cable.* 6% preferred-.100 Amer Chicle * 2. 30 3054 4954 49 54 754 154 100 Preferred 2254 . 112 115 115 11654 6% preferred.. 100 Amer Commercial com...20 Alcohol Am Crystal Sugar 10 6% 1st pref;-i„ 100 Am Cyanamid A. 10 Class B.; .10 5% preferred—10 Amer Distilling pf 10 Amer Dist Teleg. 7 % preferred. -100 _ Amer 5 101 104 11354 115 1 * stH 354 Equities Co. _ 1 Amer Export Lines— Common 1 Amer Express—100 754 454 37 * * 100 854 500 9 1054 Preferred . 10 50 li?" i* 1 254 104 Preferred Am Furniture Am Hair & Felt * 354 4 1st preferred-.100 48 52 2d 23 26 preferred.. 100 Amer Hard Rubb.50 8% preferred.. 100 Amer Hardware..25 Am-Hawaiian SS.10 Am Hide & Leath 1 6% preferred 50 Amer Home Prod-.l Amer Hosiery 25 Amer Ice Co * 6% non-cum pflOO Amer I G Chem A.* Amer Insulator * Old preferred 50 .. $1.50 prior pref. 10 10 9 8954 2754 1454 454 3254 4454 94 2854 1454 3f% lly* Wringer Warrants l\x 90 Baldwin Rubber 1 Bancroft (J) & Sons* 2 Preferred 100 Bankers Industrial— Service cl A Barber Asphalt 85 8754 152 4554 conv Bartgis Bros com._l 6% conv pref..25 Basic Dolomite Bates Mfg Bath Iron Wks 2 17% 114 Beaton 154 3254 Mfg 3% 50 6 45 22 1 Bell Aircraft V6 Bellanca 1 954 ... Aircraft. .1 Belmont Radio * Belt RR & Stk Yds 5% 46% 2354 10 Elec. 10 3554 Arrowhead Petrol-.1 * common Benson & Hedges. .* pref * Berghoff Brewing-.1 Berkey & Gay Fur¬ 9 Art Metal Constr.10 Art Metal Works. .5 18 19 7% preferred- .100 Arundel 2054 7% 20% 7% preferred-.100 Dry G'ds 1 6% 1st pref...100 7% 2d pref...100 Assoc El Indus Ltd r Assoc 5'* 16 AX 1654 113 115 9% 73 52 9% 75 56 Am dep rets ord registered Assoc Laundries V t 5% 9% * k * k R ay on _ * * pflOO Atlantic Refining_25 4% conv pref. 100 Atlas Pipeline vt c_* non-cum 5s rY» 554 354 354 10 Tan. 19 Dec. 28 354 3% A\X 105 54 7% 13% 21% 107% % com * Beth Steel (Del) * 5% preferred 20 7% preferred-_ 100 B/G Foods Inc * 7 % preferred- .100 * Inc $2.50 preferred..* Billings & Spen—25 Bing & Bing 5 Binks Mfg 1 * Bird & Son Preferred 15" k Last sale, n Nominal, r Canadian price, z conv Corp 63 Ex-dividend, 12 17% 10 Brewing Co of Am.3 19% 7% 7% 20% Brewster Aeronaut\ 1 IA 754 3 25 18 6 Warrants 14% 5% Bridgeport Brass..* Bridgeport Mach. * Preferred 74 100 * 26% Briggs & Strati on.. * 37% Briggs Mfg. Bright Star Elec— Class B * % Brill Corp class A.. * Class B * 1% 10% 7 % preferred.. 100 % 1 10 32 31% 9 7% 10% _ ■ 9% * * Brillo Mfg Class A 3% 1% 2654 10% 30 ..25 Brinks, Inc 71 16% 16% Bristol Brass 25 31 10c 20c Bristol-Myers .5 45 5i 3% 4 19 18 5% 11% 4% 6% 6 12 6% 7 15 16 99 101 2054 20% 113 - Brit-Amer Oil Ltd— Coupon Registered * * , 22% 22% Brit-Amer Tob reg£l 24 Ordinary bearer £1 24 British Ceianese Ltd 15 19% 99% 5-4 1954 100 1% 40 50 12 20 4% 5% 14 10 Truck 10 com Brown Co 6% pf-100 Durrell * Brown 138 8% 9 29 1% 1 % 9% 4% 9% 5 —1 Class A pref Forman * Distillery. * Brown 4% * Bruce (E L) Co 5 33% 14% 3% Bruck Silk Mills * Brunswick-Balk e- - * 12% 75 $5 preferred—* Buckeye Pipe L. -50 Buckeye Steel Cast * 29 Bucyrus-Erie Co..5 7% cum pref. .100 11% 97% Bucyrus-Monighan Class A * common. 18 25 100 10 Mfg * 7 % preferred-. 100 47 com— Budd Wheel 3 * 7 % preferred.. 100 Bullard Co. * * _ 9 Bunte Bros com. .10 3% Burco Tnc 20% 52% 11 25 Burd Piston Ring.. 1 Burdines Inc...... 1 Preferred. 24 37% 9% * Burma Corp Ltd— Am dep receipts Burns Bros 6% 4; 105 26% -29 % 9 * com Preferred 10% 21% 36% 9% 254 1 Rubber 8 52 1% 6% 20% Brown Shoe Buda Co 28% 20% % 17% Brown Budd (E G) 2% 7 Brown Fence & Wire Collender 10% 124% 8% 9% 29% % Brockway Motor common com— 6% 2% 5 38 1% * Burroughs Adding % % % %6 7 85 10 454 52% 554 53% 2 14 7454 1754 11354 18 74* 114% 254 80 irA 354 1% 3% 13 Machine * Burry Biscuit. 12%c Bush Term Co com 1 7% debenture 100 Bush Term Bldgs- 7% pref ctfs.l 100 Butler Bros.. 5% . 10 pref. .30 conv Butterick Publis Preferred.. . 15 ..5" Class B Preferred Byrndum Corp. 3 oyron 554 654 20% Jackson 7 6 45" 46% 1454 15. 1 19 19% 25; 251 16 15% t New stock. 10% 8 22% ily< 3054 2% 50c 3% 1 * Jable El I'rvtc..* % Uaiamba Sugar Estates 21 2% 1% 7% 40c 454 14 17 * Byers (A M) com 7% part pref. .100 Byers Machine Byllesby class A_. 37 * Co pf 5 1 61 * Preferred Blaw-Knox 5% AX Breeze 23% * com.. 6% conv pf Without par value 19 18 com com 20 lalif Pack Corp—* Fdy & Mach com * Biack&Decker Mfg * $3 22% * 94 Bliss (E W) CoCommon * * Beth Fdy & Mach.* Preferred 50 Blauner's 2 * - 2d Casket Birdsboro Steel 654 12% 24% 34 Brach (E J)& Sons * Bradley Knitting— 1st preferred.. 100 Brager Eisenberg-.l 101 Limestone Best & Co Bickfords £1 c common Associated 8* B'r'g..5 Bondhold¬ 42% niture common. .1 6 Cement 32 pref.. * cum 85 Purchase warrants Borland Shoe St—* Bessemer $2.75 40% Industrial 77 % 54 154 354 10 Bulova Watch 40c * Preferred. 2% 13 20c Corp 5 A .100 preferred * Boyertown Burial Home Appliance cl A... 72 Asbestos Mfg com.l Ashland Oil & Ref.l Assoc Brew (Can)_*r Mills 1st preferred 28 Conv 110 100 Botany Worsteo Common Bender Body com. .5 Bendix Aviation—5 Beneficial Loan Soc * Arrow Hart- 19% ""54 oly 80 53 Beneficial 3354 30 Aro Equipt Corp__l Preferred * . ers 7 52 $2.50 prior pref..* ... coin 27% 27% 50 Loan Rubber 6 class A 65 Bowm Bilt Hotels— Preferred 24% 12% 554 7% 10% 17% Boston Woven Hose 97 52 OlclSS 20% 27% 10% 15 Bower Roll 51 Bendix n* com. Bow-Bilt 50 9AX * Hegeman Aircraft Belding Hem'way.. * Belden Mfg com..10 Works SS Lines 44 I* Beech-Nut Pack. .20 103 54 554 $6 conv pr pref..* 7% preferred—100 Armstrong Cork * Armstrong Rubb A* Arnold. Constable.5 Athey Truss Wheel 4 40 Beech Rights 102 pref. .100 Armour & Co (111)— Print pref.20 2% 27% 25% 10754 * B 19 Common guar Common Cream. .25 conv A com 4!8 EX 94 & Cadwell Beaunit Mills Inc.10 $1% AX 22 20 Bourjois, Inc common..25 "i% 14 Bon Ami Warrants 4* Armour & Co of Del Arnold 12 7% Bearings Co (Am).* 1st preferred..100 2d preferred 100 120 % 454 854 15 4 Beatrice 3 27% 58. \VA J8 4 2 .. 154 654 4% 7% 35% 8 13* 3054 1st preferred 100 Bohack Realty pflOO Bohn Alum & Br.-5 Boston Herald Traveler Corp.. 23 21 * $5 preferred w w_* Corp .1 Anheuser Busch__20 Animal Trap * Antilla Sugar 100 mann Boeing Airplane 5 Bohack (H C) com.* - * Optical com 10 5% preferred.. 100 Bayuk Cigars * 7% 1st pref 100 11354 17% 43™ . Amer dep rets. 10s 52 * Common 1 Class B_ Bausch & Lomb Andian Nat Corp..* 7% 100 29 Alx % Bathurst Power Anchor Post Fence Co common 1 49 pref..* Atl Coast Fisheries.• Atl Gulf & W Ind 20 * 50 & Paper A * com 154 1854 "454 Bros 5%% pref 98 Borden Co 14 1 28 Blumenthal (S) com* 7 % preferred. 100 Bond Stores 13 com. 25 100 Preferred Borg-Warner Corp. 5 Borne Scrymser. 25 Stainless Barker Anaconda Wire 6 Cable 3 18% 27 _ 1 7% 17% Steel Common.. 19% 28 Bloomingdale Bros. * Common % 4% 154 4 3 _.* Barium 854 3854 3 254 10 Barber (W H) Co__l Bardstown Distill..1 25 * Anchor Hocking Glass common..* 87 354 14 A3x Bastian-Blessing 40 10 "154 13 com JX Corp * 7% preferred.. 100 654 for c 7% pref old... 100 7% pref new 30 654 Artloom Am Fruit Growers.* V t 73 Amer Writing Pap_* Amsterdam Trading 12 554 Baldwin Duckw'th.* Baldw Loco Wks__* 35% 11% 7 7% preferred. .100 454 166 100 66 Amer Amer Forging and Socket com Amer Fork & Hoe. Lrererred * 5 % preferred Am Fabrics, pref 100 Amer Felt common * Preferred 100 63% Barlow & Seelig cl A 5 Barnsdall Oil 5 Barnsdall Refining .1 Arcturus Rad Tube 1 Argo Oil 5 Ark Fuel Oil pref. 10 Amer 4654 13 54 * 9 54 10 Encaustic Tiling Co American Enka 31 3 21 11 9 ,__* 100 50 6454 2454 2554 1254 * 5 -. 354 4054 10 Baird Telev pref Baker Chemical * Preferred 100 Balaban & Katz__25 131 6% 754 55 1% 7% Common 954 954 6454 2454 2554 1154 4 54 120 ex-warr.25 Preferred Am Woolen Co 48 100 25 Backstay Welt Badger Paper 17% 2 100 1754 854 115 Preferred _% JX Preferred * Amer Wind Glass— Class A A com Preferred .100 Babcock & Wilcox.* Am Vitrified Prod.* "854 100 19 6554 28% 6054 354 8654 14954 Apex Elec Mfg * Applied Arts 1 Appollo Steel 10 Apponaug Co * A P W Paper * Archer-Dan-Midl'd * 7 % preferred-. 100 Cigar Co 854 18 84 25 6 54 tation Corp. 1 Axton-Fteh Tob A 10 161 155 6% 4% 3 54 29% 354 3% Warrants Aviation Corp(Del)3 Aviation & Transpor¬ Angostura-W upper9J4 154 2254 Amer Cigarette & Amer Coal (N J)..25 Amer Col or type. .10 B 5 Avery (B F) & Sons 5 6% pref w w 25 16% 2754 59 54 354 1 6% preferred. .100 Am Transformer. 10 Am Type Found ..10 7 % preferred—100 $654 Properties Am Car & Fdy Common 132 9354 Class 154 17 54 1 % er Thermos A. _* Preferred 50 Amer Thread pref. 5 Am Tobacco com.25 American shares. 48 9354 354 4 54 37 88 * . Am 3 47 54 130 ment common Automatic Prod 5 Automatic Refrig.10 Automat Vot Mach * Automatic Washer— Common. 3 Automobile Banking $1.50 conv pref 25 1554 1254 21 7% preferred-_100 1054 8254 20 * Am Sumatra Tob. Amer Television 6154 common .25 6 Automatic Instru¬ 23 145 3454 1154 American Stores...* American Stove * Amer Sugar Ref.100 Amal Alarm 124 35 7% preferred-.100 117 6% preferred.. 100 48 14% Amer Seating * Amer Ship Build..* Am Smelt & Refg. * 115 Indus..* Aluminum Ltd * 6% preferred.. 100 Automatic Fire 54 35% Class B Aluminum Co com.* Aluminum Ax 19 2854 54 5% 1754 3054 46 13054 61% 151 127 28 Safety Razor— 18.50 63% $5 cum prior A__* Autocar com..];..10 I!8 Pref pf 100 conv 63 126% P . 2454 1654 159 854 18 54 6554 American Screw. 100 American Sealcone.5 Amer Seal-Kap 2 8 Altorfer Bros— Conv 454% Plywood 5% conv pref.. 100 Atlas Tack * Auburn Automob * Austin Nich & Co..* 63 Am 9 1054 54 58 Amer Rolling Mill 25 19 7 10 Preferred 30 Bloch Bros Tobacco 14 7 % cum preflOO Am Republics comlo 18 com.25 Bliss & Laughlin 26 Amer Radiator & Common Allied Stores Corp. * 22% 25 54 13 Per 21 1154 154 Am Potash & Chem * Bid Par * * 12% 4% Stocks Per sharp Conv preferred_20 Atlas Powder * 60 60 __ Ask Bid Atlas 254 354 Stand Sanitary ..* 4 Par 654 21 105 5 2% 8 Stocks 3 27 24 * Class B 10 154 Allied Paper Mills. 1 Allied Prod (Mich)— Common 6% conv pref. .100 American Meter * American News Co * Amer Optical * Preferred 100 American Piano- Amer Pneu Serv Cement pref—10 Alles & Fisher * Alliance Realty 5 Preferred 100 Allied Chem & Dye CI A Amer Maracaibo__l Amer Metal Co » Class A Allentowr. Portland Allied Mills Inc Amer Mach & Fdy_* Am Mach & Met..* Am Maize Prod _* II" 10% Ask. Bid 54 17 2654 7054 1454 354 17 % 3554 117 Amer 110 1 85 2 Warrants Alberene Stone of Va stocks 654 Am Laund Mach_20 100 Preferred miscellaneous possible for the closing day of the month preceding the date of lssu6 Per share 4% Albany Packing— & are as near as 16% 17% 5% preferred—50 48 50 56 Cambria Iron Campbell Cannon Wyant & Fdry—* 15% INDUSTRIAL 86 MISCELLANEOUS STOCKS & Quotation* for all securities are as near as possible for the Stocks Stocks Ask Bid Par Class B pref Canada Cement. 100 r 110 Clev Un Stk Yds..* 55 Cleve Worsted Mills Common * 8 98 Cliffs Corp vtc 18% Can Dry Ging Ale_6 Canada Forgings— 18% 16 8 8% 65 53% Col Fuel & Iron Warrants 25 90 18 20 1834 Columbia 1734 334 6% Class B Columbia O & G 7% 22% 4934 105% 23% 50% 107 90 88 _ Cent Ir & Steel-.100 Cent Ohio St Prod.l 1 1634 69% 4 * * 1 * 2834 634 2134 58 Consol Biscuit 1 5% Oonsol Car Heat. 100 Cons Cigar Corp--* 6%% prior pf. 100 7% preferred-100 80 834 86 80 1 20% .. 134 134 13 % 14% 4 34 A* 45 35 42 8. 2% 6 4 8 3% 42% 2% 15V* $2 4% 4% 534 101 1134 42% 3 34 1634 7% Cons '634 5 & Fibre * 29 6% pref 100 Chapman Valve 2 100 Preferred Charis Corp 2934 10034 4234 120 100 10 Checker Cab Mfg.5 Cherry-Bur Corp..5 Chesebr'gh Mfg..25 Chesapeake Paper 3 6 Chicago Nipple 5 Chic Pneu Tool * pref * $2.50 prior pref._* Chic Ry Equip 25 Chic Rivet & Mach 4 Chic Towel com * Conv preferred..* Chic Yellow Cab..* Chickasha Cot O.10 Childs Co com * Preferred 100 Chilton Co 10 5 Cin.Un Stk Yds.. Cinecolor Inc 6 634 13 34 104 % 14% 77 % 14 10534 6%% cumpf__l00 City & Sub Homes 10 City Stores ...6 11% % 18% 1134 34 18% * .100 Converse Rubber. _* Preferred 33 Special preferred.* $4 preferred * Cooper Bessemer. _* $3 prior pref * Copperweld Steel. .5 t Corneil-Dubilier Elec Corp com..l Corning Glass Wk 10 Preferred 100 Corn Prod Refg._25 7% preferred. .100 Coronet Phosph.100 Oorroon & Rey'ds.* 56 conv A pref. » Cosden Petroleum. 1 5% conv pref..50 Warrants Ooty Inc 1 Courier Post— 734 110 8% 12% 11M 11% 56 57 834 13 34 80 3 34 80% 14 2% 4 5Vs 10% 80 4 34 4 34 6% 10% 8034 534 100 96 2134 98 % 1 1% . Preferred Cleveland Graphite 28 M 2834 Hobbing 4 7 5% conv pf___100 Creamery Package.* . 14 234 1% 2 9934 4034 114% 8% 3 34 26% % 934 & Last sale, n Nominal, r 83 55 27% "3"" 54 7% 16% 13% 8% 17% 14% 16% 65 173 33 2 78 34 x 66"" 82 % 34 103 19 9 105% 19% 2834 29% Canadian price. 1 1 10 pref_20 conv 21 24% l r Eastern Steamship. pref * Eastern 8ugar Assoc 37 conv Common 1 Preferred 1 Eastman Kodak * 6% preferred-.100 Easy Washing Mach Common 21% 24% Class __* B * Eaton Mfg Co 14% 5% 15 4 Eddy Paper * 6% 6 2 5% preferred 24 1 Diamond Match 6% part pref • 8H%pf(ww) 100 Diamond T Motor 2 Dictaphone Corp..* Preferred 100 Dictograph Prod..2 Differential Wheel. 1 .. Noc Mfg l Discount Corp (NY) Distillers Co Ltd_£l Distillers OorpSeagrama Ltd • 5% pref w W..100 Distillers Liquors. .6 Divco-Twin Truck. 1 ♦ Class A I* Dixon (J) Oruc-.lOO 6 % % pref 100 Domestic Finance— Cum preference.* 50 Common 1 Dominion Bdge.100 Dominican Coal pf 25 Dominion Glass. 100 100 18% 4734 1% % 1% * 2% ~2% Sterilizer Electric Auto-LIte.5 34 33% 12% 114 2 k Eisler Elec Corp 1 Eisemann Magneto Preferred 100 4334 Dec. 20 Electric Elec Ferries com 50c 7 + 1334 1% 15% 1% J* 24 1* 14% 1% 17% 1% 1% 28 Boat 3 * 6% preferred..100 8% preferred..1001 Electric 30 1534 19 20 22 Util Corp Elec & Musical ..5 99 5 32 41% 8% 30 8% 33 117 1% T% 9% 7% 7% 10% 234 3% 8 7% 160 22 22% $4 partic pref * Elec Stor Battery. _* Electro Bleach Gas.* Electrol Inc vtc ..1 Electrograpbic Common Corp 1 ... Corp Electromaster Elgin N Watch Eljer Co 20% 83 85 1% 4% 234 4% 10% 34% 10% 35% 26 29 734 32 4% 8 18 1 Inc.l 8 65 3% 15 Preferred Elk Horn Coal * Preferred 4 Empire Sheet As Tinplate * Employers' Group * Emporium Capwell * w 25 1% 10 12 2 2034 w._50 Emsco Derrick 5 Endicott-Jobnson_50 5% preferred.. 100 Equit Office Bldg__* Esquire-Coronet 1 Eureka Pipe Line.50 Eureka Vac Clean_5 33 Evans Products 5% 8% 18% 1 % 2 Ely Walker D G..25 1st preferred-.100 2d preferred__100 Emerson Drug. .2% Class B— 2% Emerson Elec Mfg.4 Preferred 2% 29% 15% * 100 com. Associates 20% 64 Elec Shovel Coal— 1st preferred 2d preferred 105 60c 2% Indus Am shs Electrolux 4% 31% 4034 3 Household Elec Vacuum Clean* 5 Ever Plastics Corp.l Ex-Cell-O Corp ...3 Exch Buffet Corp..* 15% 97" 24 24 4 70 4% 26 1/% 17% 41% 41 7% 40 104% 134 7% 17 5 11 34 22% 134 7 Exolon Co com * Faber Coe & Gregg. * 42 100 28% 31% Fafnir Bearing— 25 Pair (The) Chicago * 90 36% 3634 34% 1734 7% preferred-.100 Fairbanks Co 25 37 34 17% 110% 160 Ex-dividend. 115 8% preferred. 100 Fairbanks Morse. _* 5% 22 Preferred.. —100 21 23 Dominguez Oil * 16 16 Eitingon Schild Electrical Steam 96 25 ~2% 25 58% _ 5 180 96 32 _ 4 1234 17134 55% 112 * 6% 4% 24 25 28 10 32 92 28 Oil 7% 2% 18% % 22% 109 Common 16% Educational Pictures 2d preferred...100 Dewey&Almy Chem 55c Edison Bros Stores— 55 5 25c 40c Footwear .1 East Racing Assn..* Eastern Roll Mill..5 Class A (non-vot) * Common B * x Oil $1.50 30c » Detroit Paper Prod 1 Detroit Steel Prod.* Devoe & Raynolds— Preferred Eason 17% 7% 18% In 6% pref w w 20 Detroit Gray Iron & Foundry com 1 Detroit Harvester. 1 Detroit Mich Stove 1 t New stock, 9% 12% Warrants Det Gasket & Mfg— Common 1 Fields 34 6 Eastern Mfg com..* Preferred * 17 25 Doehler Die Cast--* Dold (Jacob) Pkg— Feb. 6 "... 6% 2534 5% 2% 534 134 6 13c 1% * com 6% preferred. .100 18 1634 Dobeckmun Co coml Dr Pepper Co * Dodge Cork.. 5 Dodge Mfg m 1 534 Class B Duro-Test Corp 1 Duval Texas Sulph.* East Mall'ble Iron25 24 54 % 534 3c 5% cum Common Preferred Detroit Aircraft Common "2% cum $4.50 . Dixie-Vortex Co— 176 148% 140% 118% 13% deb.. 100 pref. Duquesne Brewing. 5 Durham Hosiery6% $2 Warrants 102 11 Boston Co..10 East Dairies Ltd * Eastern Air Lines. 1 34 10 1 Voting trust ctfs 7% 6% 98 102 7 7% preferred.. 100 8% preferred 100 Dentists' (The) 10 Supply com 6% preferred Derby O & Ref com Di 1334 110% Economy Groc Sts_ Dennison Mfg— Class A _ 100 Duplan Silk * 8% cum pref..100 DuPont (EI) deN East 23 ih 100 _ Corp.* $6 preferred * lnternat'1.1 9 * Eye. Preferred Dexter Co com 13 28% Dunhill Eastern 100 com 2I* J* 17 Del Rayon A com. 15 De Mets Inc pref.. Devonian 34% El Mfg_2% (R G) Dwight Mfg 15 Eagle (p K) pref 100 Eagle Lock 25 Diamond Shoe— Cream of Wheat Stocks trust ctfs _* Without par value. 334 34 52 33 34 25 com 134 5% % 10 51 .100 Oourtsaulds Ltd— Am deprcts ord£1 k Covered Wagon Co $1.50 conv clA.20 Crane Co 8 Feb. 9 47 21 * 55 16 27 10234 2 .10 10 45 % 16% • Mach com... 34s Cook P't & Vara..* 1634 5 21% 9 39 70 % 108 34 8% il* 2634 37 * Cleveland Preferred 105 Clark Equip Co 1 com. Preferred Cont Steel Corp 103 1 Bronze com Continental Mot__l Oont'l Oil (Del)...6 Cont'10il(Mex)-_-l Cont Screw 4 3% 19 34 Feb. 7 5% 634 Preferred 100 Continental Can. .20 $4 50 preferred..* Cont Diam'd Fibre.5 . 7834 18 134 534 % 1% 98 34 40 114 8% 334 _* . 6% 21 * Class B_. Dun 5% 44% 6% 26% 34 Deep Rock Oil & Ref 7 % preferred -.100 and 1% 11% 4% 1% 13 Laboratories cl A. Duncan 16% 49% 22 De Long Hook 84 2% 1 6% 1334 Oont'l Roll & Steel * Clark Controller Clark (p L) Co Claude Neon Lt Class A 25 185 __1 City Auto Stamp..* City Ice & Fuel * _ .... 13 Chrysler Corp 5% pref v t C..100 Consumers Co of 111 V t c A partic..50 VtcB partic * V t c partic pref 50 Container Corp 20 Continental Baking 15 16 8,. 434 92 234 34 12% Warrants 12634 88 3 t C..25 8 % preferred * Stk Yds com. .100 Preferred 100 Chic Mail Order...6 conv 123 6 11 Silk Hosiery 6 % pref 10 Chic Dally News..* Preferred * Chic Elec Mfg A * Chicago Flex Shaft 5 Chic June Rys & Un $3 5% 10% 14% 50 Board common Preferred Chester Pure 41% 4 4534 1 Gilbert Corp Dejay Stores "9 106 r Duff Norton Mfg._* Du Mont (Allen) 2% 73 34 * 35 Records Deere & Co 1634 Preferred-.... 100 Dryden Paper » Deisel-W <,mmer 82 preferred-100 v 8r2 26 * Preferred 9 * Dubilier Condenser 1 72 6% 7% preferred—.20 6 6 34 Lithograph Common 60 11 part pf__* 5 Cons Mach Tool uts. Consolidated Oil...* Oonsol Retail Sts._l 8% preferred.. 100 k Oonsol Royal Oil.10 Consolidated Steel * Consolidated Textile Consolidation Coal— Ohamberlin Metal Weatherstrip Champion Paper cum 2134 1% Cons Film Indus. .1 Cons Laundries „ 4% Pub..* B Driver Harris Co.10 2 Decker(A)& Cohn 10 8L 2834 8 Oongoleum-Nairn. Congress Cigar Oonsol Aircraft S3 conv pref 11 * 14 12% Conde Nast 1934 % Hammer Class A Decca 5 Gases com Class 100 Dri Steam Valve. .5 15 534 * Common.. 16 1534 .1 Compressed Indus 5 17% 13% 87% 42% 9 44 Dailey Corp 1 Darby Petroleum..5 Shoe 59% Certain-teed Prods. 1 6% prior pref. 100 71 Preferred 10934 Feb. 10 * * . Dist__l Mach vtcext 17% * 1 Solvents-_* Oom'wealth Oompo _ 25 4M 94 Chain Belt com Comm'l Eng. 57 Sug Centrifugal Pipe * Century Rib Mills.* 7% preferred.. 100 Cessna Aircraft 23% 93% 89% * com 18 com 6 Co common..20 12% Feb.25 Darco Corp 8%pfl00 12% Dardelet Thr'dlock * 31 Darling Stores Corp $2 partic pref * 8734 Davega Sts Corp. .5 2 1 5% conv pref..25 16 18 Davenport Hos'y. * 31% Davison Chemical-1 28% Warrants 13% 12% 1% Dayton Rubber Mfg % pref--* $2 preferred "9% !£* 12% 29% 85% 22 10 Cen Violetta Parts Combustion Dresser Mfg com..* Dresser (S R) Mfg— Part conv n-c A.* A* 42 49 * 7% cum pref.. 100 $8 cum pref * Cutler 334 Colum Carbon vtc* Columbus Auto— 4 10 3534 4234 3534 134 69 "3% 18* Common ..._* k Vot tr ctfs com..* x 6% 21% 334 115% 14% 2% $7 preferred Columbia Pictures— conv 117% 30 Ourtiss Wright. Corpl Class A .1 40 100 1 13 $2.75 8 16% 16% 1534 2.„ 89% 121 2* * 5 % preferred. .100 Dow Drug * 2% Cushman's Sons— B'castlni Sys Inc class A 2 _ pref..* Conv prior 65 3% 6 % % prefeiTed 100 9 * Common Bradstreet Curtis Lighting Curtis Publish 92 7 Columbia Mills. 63 7% Stores com 27 120 5% cum pref. .100 Celluloid Corp... 15 1st preferred * $7 preferred ♦ Central Aguirre Associates * Central Airport ♦ Central American Plantations ...100 Central Cold Storage Common 20 Cent Foundry com.l 5% preferred. 100 * Arms Mfg 4 % 6% % 1% 334 Tobacco—* Cuneo Press 4% 20% 734 Dominion Doubleday Doran.* Douglas Aircraft..* Douglas (W L) Shoe 85 Cunningham Drug 3 Columbia Baking. _* Preferred * 25 42% 100 Preferred.. —100 24 234 4% 1934 734 Colt's Patent Fire 1 87 5% Preferred .100 Cudahy Pack 50 11% 15 Ordinary shares 6% conv pref. 250 * Central Paper Preferred Colonial Beacon Oil» 1234 * Common Cuban 9% 134 16% 25c Cuban Atl Sugar— 32 105 110 Colon Development 88 5 M) Co..10 Oatalin Corp. 1 Caterpillar Tract. .* 5% preferred .100 Celanese Corp * 7% prior pref. 100 1st partic pref. 100 15% 104 M* 33 6% preferred—10 Cuba Co * Cuban Am Mangan 2 Cuban-Am Sug 10 7% preferred.. 100 23 104 Collyer Insulated Wire common 82 Case CasePomeroy. * . 37 7% preferred.. 100 Crystal Oil Ref * 62 103 100 2% 2% Casco Castle (A $5 conv pref Crucible Steel 130% 15% 5% preferred-.100 Collins Co 3% 5% 12% Case Lockwood & Brainard Co. .100 84 20% * »SM 25 Crown Zellerbach__5 1,000 * Collins & Aikman. 10 2 34 10% 5% 7% 72% 25 Stores. _♦ Dow Chem Preferred 145 Golgate-Palmolive- 100 17% Celotex Co com Coleman Lamp & Stove common 6% preferredlOO 3% 26% 1 * Peet common 1 W) Co 334 20 20 Products.. (J I) Co 100 7% preferred. .100 * Crown Drug com Per share 18% $2.25 pref w w_.» Preferred x-w—* 334 30% 3% 2934 132 J S!H Bid Par Dominion Steel & Coal B ~4~~ Seal.* Crown O'k & 81 129% 6134 * Class A Coca-Cola Intern Carriers & General. 1 Carter (J Coca-Cola Co 103 18 Co __* \ com % 734 29 110 Crown Cork Int A_* Peabody * 7% preferred-.100 Coca-Cola Bottling of New York * 1534 % * * Class B Carpenter Steel.. Carrier Corp 41 Stocks 7% Crown Central Petroleum (Md)_5 14 Oluett 51 Carman & Co A—* 39 % * 333-1 78 Syndicate.25c Carnation Utensil 24 1 2 42 Club Aluminum 63 . 52% 1% Clover Val'v Lumber Preferred A 100 39 8% Carey (Philip) — 6 % preferred 100 5% preferred..100 Carib 2% 9% 67 - 5 * 1 Crosley Corp --* Orowell Publish'g..* Preferred 100 Crowley Milner—* Prior Preferred. 50 1934 37 100 Olorex Chemical 70 5% . 6 51 % * Preferred - Croft Brewing Clinchfield Coal. 100 5 r Capital City Prod.* Carborundum Co__* Crocker-Wheeler 7% 5% 19 * denum Co Can Locomotive— Creole Petrol 534 Climax Molyb¬ 11 34 .* r Class B * r Canada Packers * r 69 Canada SS Lines *r 2% Preferred 100 r 9 Can Wire & Cab A_* r 60 Class B ....* r 2134 Canadian Bronze. .* r 36 Preferred 100 r 105 Canadian Oar & Fy * r 15 % Preferred 25 32 % Canad Celanese * r 15% Preferred 100 r 101 Canadian Colonial 3% Airways Canadian Dredge 19 & Dock * r Can Falrbank pf.100 r 100 / Canadian Foreign 6% Invest Corp • r r Preferred—100 Can Indus Alcohol— 2% CI A voting 2 CI B non-voting Class A . 5% 6% * J,7/» 97 100 Preferred Cleve Tractor 5 , Ask Per share 20 2034 Per share Per share 434 * r 100 r 100 52 % 50 r Canada Bread Preferred Bid Par Stocks Ask Bid Par closing day of the month preceding the date of issue 334 % 5% 40% 8 41 105% 1 % 7% 19 5% 11% 1% 2234 2 9 MARCH, 1939] Stocks Ask Bid Par are as near as Stocks New 14% 2fg * common New preferred..* 353.50 partic pref- * Famise Corp 50c Class A 2 Famous Players Can Corp com--1 Vtc common 14% 454 2554 854 alt* i* 24 ' General Fanny F'mer Cand.* «» 22" Fansteel Metallurg * Farnsworth Telev & 6% 654 Radio new_ 1 Fashion Park com.* Preferred. * Fedders Mfg .-5 6% 3 12 6 554 # A'A 33 32 % 4% 154 4H <5y* 24 Federated Dept Sts * 4 54 % preferredlOO Federated Publics's* Ferro Enamel—.-I G 5 8 Federal Bake Shops* Preferred 30 Federal Compress & Warehouse. .25 Federal Match units Federal Motor Tr..* Fed Screw Works..* F 754 354 2454 9054 2054 2054 88 20 10 Trading Corp. 26 Filene's(Wm)Sons _* 2454 18% Finance Co of PalOO Firestone Tire & Rub Common 10 12 23 102 ser A. 100 First Nat Stores—* 102% 2354 46 % 47 Fishman (M H)—_* $7 preferred..100 Fisk Rubber Corp.l 95 io h II" 6% preferred-.100 80 81 10% Fllntkote Co com. _ 33 34% 1854 20 35„ 21% 5% 4954 Gimbel * 12% 125* * 58" 60 6 5 13 15 Gleaner Harvester.* 14 2% 11% Glen Alden Coal—.* Glidden Co * pref 50 4. 21% 4 o54 Knitting—2% 5% 254 $6 preferred 4%% 254 5 54 654 Am dep rets ord.. Ford Mot of Can 100 7 30% 106 105 Mach com... 5 Preferred 100 Foote Burt com * Ford Motor Ltd— 254 6 7 454 4% 2154 2154 22% 154 153 .....* * 154 2254 Ford Motor France Globe conv 50 Fort Pitt Brewing-1 Foster Wheeler--10 26 85 $7 conv pref....* Foundation Co 1 Foreign shs A...* Foundation Co 32 8 49 * 354 354 10 354 r Four Wheel Drive.10 Fox Film class A— * $5 preferred Goodyear Tire & Rubber com 11 4 * Preferred Fox (Peter) Brew..5 F-R Publishing * Francisco Sugar...* W Franklin Process...* Franklin Rayon...1 2654 4 28% 23 54 24 com A_* 1454 854 17% 1454 454 6% 17 Partic conv pref 15 Fruehauf Trailer..! Fruit of the Loom Grand Union $3 pf_ -— Brewing com 1 Fuller Brush com..5 40c Preferred 100 Fuller (G A) Co- 1854 common. 9% 21 22% 37 I* 3 % 1054 40 254 2% 354 "8 8* P Houston* Co. — 81 87 96 S6 conv pref 101 Gannett Co Inc— lg« 59 S3 conv pref—20 Garlock Packing—* 13 63 38 Gardner-Denver— 40 6 3 5% Gaylord Container. 5 5% conv pref—50 Gen Acceptce Corp 1554 4754 5 10 16 Conv preferred_20 Gen Alloys Co * Preferred ..10 Gen'i Amer Oil of 1% 2 Texas common..5 Preferred 10 General American * 254 17% 22% 747H 1 5c % 20c % % * 5** 20 4 54 554 m Class A—....... 7% preferred—100 Gen Candy A.....5 1154 90c Without, par value, 29% 2% 25 37 25% if si % 12 805* 130 2754 31% 2% 39% 38 l8* J* 13 14 31 31% 138 _ $6 5 195 115 19% 1154 Western Brew 5%% pref-. Groc Store Prod.25c Group No. 1 Oil...* Group No. 2 Oil—.1 Gruen Watch.....! Preferred General Box Corp.l General Bronze—..5 General Cable * 27 Great West Sugar..• 7 % preferred 100 Greenfld T'p & Die* Griesedieck 3 1054 137 y2 1154 Great Lakes Term W'house (Ohio).* 27% 254 1700 59 # Engineering com 1 Guantanamo Sug._* 8% preferred 100 Gulfboard Oil 1 Gulf Oil Corp—.25 19 19% 19% 654 Grumman Aircraft 10% 28% 2% 1900 % —25 140 1.00 4 15% 31% 354 104 32 3254 5 4% 11% 8% Heileman Brewing. 1 Hein-Werner Motor Parts Corp com.3 Helena Rubrstein..* % 15% 18% 3854 3 39 • 1554 3254 Independent Indian 3 6 .5 % $3 pref * Indiana Limestone-1 7% Indiana Pipe Line 10 Indian Refining.. 10 Indiana Steel Prod.l 654 6% 354 Indian Terr Ilium Oil non-vot A...* % Cl*ss 854 4% 8% 40c" 18c 9 8 % 1454 % 14% 77% 135% 76 134 19 Hershey Creamery. * 21 102 100 100 55 54% * * 108 10 105 9% 40% 5 Heyden Chemical .10 43 12 10 ..25 Common B 7% 9% 4 5 454 854 854 37 3554 5c * 35 Indus Brown Hoist—■ 1st pref 10 Indus Finance vtc -1 2 __ % Preferred. ....100 Indus Machine 1 9% n_54 27 Industrial Rayon..* Ingersoll Rand * 111 6% preferred. .100 150 Inland Steel 90% 26% 92% 3% !3% * Interchemical Corp * 6% preferred. .100 Intercont Rubber..* Inter lake Iron * Agricultural..* 7% prior pref. 100 Sewing Mach 2454 183% 10 * Int Cigar Mach 1 $4 conv pref Hewitt Rubber ... Indus Accep Corp— Cum pref.. 100 22 Internat Educational 2 Publishing pref—* * 61 7% preferred.. 100 160 Int Harvester Internat Indus 3% I International Match Realization £1 Int Mercan Mar...* 48 .... 3% 52% Int Nickel (Can) * pref-.100 Internationa] Paper 7% _ 20 Motocycle.. * Int Business Mach. * Internat Button Hole 8 754 354 li6 Hershey Chocolate Pneum Int. Class A ......* 9 Heller (W E) com_2 754 Preferred w w__25 ft 25% Feb. 24 Helme G W) 11054 103% 25 161 7% non-cumpflOO Common 5 of Gr Brit & Irel'd Am dep rets ord £1 6% 11% 6 7 % class A pref.25 Hecker Prod com__l Preferred of Canada com 754 Feb. 16 16% 1654 17 16% 1% 1% Imperial Tobacco 20 pref..50 Hearst Consol Pub— 6 cum 136 Power com..15 12% 4354 5% conv pref..100 Warrants Internat Petroleum Coupon shares Registered shs 26% 25% * * Internat Prod 3 • * 3 100 73 Internat Pulp. Preferred Int Safety Razor B.* Internat Salt * Internat Shoe * Internat Silver 50 7 % preferred- 100 Int Text Book * % 30 33% 26 9254 . 35! Int Vitamin Corp__l Interstate Bakeries* 1654 17 $1% preferred. .5 Hlnde & Dauch—.10 $5 conv pref.. 100 Hiram Walker see W Hires (C E) Co A—* 24 25 $5 preferred * Interstate Dept St's* 7 % preferred—100 18% 93% 19 Interstate Home- 97 454 1154 50 53 Equipment. 1 Interstate Hosiery.* Intertype Corp * Class B—...... * Hoe (R) class A.-10 22 Iron Fireman vtc 1754 2054 Prior pref— __65 7% preferred—21 17 20 4 7 Chem —.1 Common Holland $5 1 % 9% Furnace.10 9% 4954 10954 A§y* 108 pref 98 Holophane Co * Holly Sugar— * 7% preferred-.100 conv Honolulu Oil "754 654 12 11% 1354 13% 110 95 Holt (H) & Co A—* 79% 12854 1st preferred.. 100 Great Lakes Dredge 6 Dock com....* Great Lakes SS * 23% 3% 102% 9 7% Jackson (Byron) see Jacobs (F L) Co 1 Jarvis (W B) Co.. .1 Jeannette Glass...* Tea 88% 89 92 7 % preferred. 100 Johnson Oil Ref...* 13'" 25% 105 1 3 Prior preferred 6 Horn Hard,t(NY)_» , 5% preferred.-100 ft Hotel Statler com.* * * Class B * 5% preferred..100 Houston Oil Field Material com 1 $1.50 conv pref.20 454 5% 37% 1054 Dec 16 7% preferred.. 100 Joslyn Mfg & Supp.5 Julian & Kokenge--* Kahler Corp 100 3754 24 21 2% 1% 35 15 34 1454 69% 70% 107 54 10854 6% preferred 20 Hupp Motor....—1 Hussmann-Ligonier * 1% 29% 63% 40 24 125 Kalamazoo Stove & Furnace com...10 Kane Carburetor * 17 1% 45% K C Stk Yds Me.100 90 Preferred .100 Katz Drug com 1 Kaufman Dept 3% St's New common—1 1054 90 5% conv pref-100 K&ynee —10 554 18% Preferred 354 80 100 K&yser (Jul) & Co.5 Keith-Albee-Orph7% conv pre* 100 Keith (Geo C) Co— 7 % preferred- . 100 In Howe Scale com _ 70 Laughlin Steel common. 100 Houston Oil (Tex)-— Vot tr ctfs 25 Howard Aircraft 1 * 1st preferred-. 100 Hubbell (Harvey).5 Hudson Mot Car..* Humble Oil Sc Ref. * Hummel-Ross Fibre Common. ..5 Hunter Steel com..* 6% 74% 94% 12854 354 6 Metal 100 Jonas & Naumb'g2 % Jones & Finance Common _ "4" Hotel Waldorf-Ast.l Houdaille-Hershey— Class A * 4% 24 Johnson Tin Foil 12% 24% 100 18 Preferred .—10 Jenkins Bros. 25 Jewel 96 B'f 2|% Jefferson Electric..* Jefferson Lake 01154 Johns-Man ville Preferred Horn (A C) com Household .. 85% Chemical com_100 Preferred. 100 Hooven & Allison -100 Horder's Inc com--* Hormel & Co com. * 9 * Irving Air Chute. 1 Irving (John) Shoe.l Preferred w W..25 22% Hooker Electro 81^ .... 22 * . 19 154 3% i7% Gt Atl & Pac Tea 13 50 2 58 165* preferred—100 $1.50 preferred—* Green (H L) Co—1 Greif (L) & Bros Greyhound Corp..* 5% % preferred.10 1654 20% Hollander(A)& Son 5 1% 1354 * 254 50c Common ...—..* 65^ 100 . conv Hilton-Davis 29% 3% com 1H 25c 6 58 10c Great Nor Pap $6 conv pref Transportation.. 5 Baking—.5 3454 10554 23 Non vot 95 52 76 1 Station com—.10 ll" Preferred 5 Hlbbard Spencer Bart & Co com.25 4% 76 $1.80 prior pref—* Gray Telephone Pay 6M Preferred 100 Hiawatha Oil & Gas Granite City St'l..* Grant (W T) com.10 Preferred Common 154 654 6% Dept Stores Common 6% 13 Heywood-Wakefield 5% preferred...20 Graton & Knight-.* 45c 96 .....1 $3 convertible...* 4% conv pref-100 Fuller Mfg com—.1 Gabriel Co cl A—* Gair (Robert) com.l S3 Preferred 10 Gallager&BurtonA 1 Iron 12 5 5% 22% Granite City Pig Units Fuhrman & Schmidt General 9754 2% 254 1254 33% 854 51 —1 cum conv 54 49 66 Grand Rapids Brassl 8 1% 85 Helvetia Oil 1 Hendey Mach ....* Silk Preferred. ......5 Grand Raps Vara.* 1% Hercules Motors * Hercules Powder..* 6% preferred-.100 2% Graham-Paige Mot 1 Grand Nat Films. .1 5% 1 10 21% 10% Hosiery com • 7% preferred ..100 5-8 554 Preferred -.100 Froedtert Grain & Malt common—1 Hearns 28% 5% Imperial Chemical Indus rets £1 Imperial Oil Ltd...* Registered shs...* Imperial Pictures 1 Imperial Tobacco Common 115 * 2 28 17 $3 preferred.....* Gotham 654 62 5 Hazel-Atlas Glass.25 Hazeltine Corp * 10 28% 106 • Preferred ...10 Indiana Gas & Chem 100 $7 conv pref * Hawley Pulp & Pap 7H l% 7% prefunstpdlOO 7 % pref stmpd 100 Hygrade Foo i Prod 5 Hygrade Sylvan * 6%sconv pref * Ideal Cement... 00 Tool 7% Jky* 59 * 56 Gorham Mfg v t c_* Gossard (H W) * 2!M Franklin Ry Sup..* 21 Franklin Simon see "S" Freeport Sulphur. 10 French Investing..* Gorham Inc ~3" 46 138 6% 1 74% 50 13" 2154 27% 2654 Hendrick Ranch 34% 104% * Canada— 102% 136 6%% pref ww 100 Hathaway Bak A * 65 * .* 102 5 Hat Corp class A..1 4% 2254 $5 conv pref.—-* Goodyear T & R of Goodrich (B F) it* 1% Royalties * 7% 24 Harvard Brew Haskelite Mfg 854 9454 2% 1% 11% Worsted .50 Good Humor Corp 1 103 Jry* ..... 25 Goodall 25% 37 * com ~2% 2% — 26% 90% 4% 4% . 8 6 65 Preferred 15% 4% „ Globe Wernicke—* Preferred..-.—-* Gobel (Adolf) Co— 1 Godchaux SugarClass A .* Class B * Preferred * Goebel Brewing 1 Golconda Petrol.—* Goldblatt Bros * Golden State Co Am dep rets—.. S8 1st pref A* $5 conv pref * Gilmer (L H)—...5 4 4 %s conv pref. 100 Foote Bros Gear & * 4% 8c 4% 3054 A 1% 9% 27% 554 36% 22% 654 26 * 23% tioo 6% preferred.. 100 Harrisburg Steel 5 Harris Seybold Potter com * $5 preferred 100 HarnischfegerCorp 10 Hart & Oooley 25 Hartf'd Rayon vtc.l Preferred 100 Hartman Tob * Hart Schaffner and Marx-... 20 $7 preferred Hayes Body 8% 3c 10 Gar Wood Indust 5 1 * 17 104 100 ...__ Illinois Brick 6 iS* 6% cum pref. .100 Hammond Instruml Preferred 50 Hanna (MA) * $5 cum pref * Common... * of Canada 554 1% -* 10 -.10 Class B 100 5c * Follansbee SteelNew w 1 10 Food Machinery.. 10 Class B 26 2554 99% 4% 4% 50 50 * Bros.. Common Class B n-v 16 9954 Gillette Saf Razor.* Follansbee Bros—* Preferred ..100 Class A S* 13% 1554 Georgian (The) Inc * 8% class A pref.20 Gilchrist Co * _ Fohs Oil.— Class 26% Genessee Brew A—1 Class B com 1 28 « 40 Preferred Gamewell 3, * Flour Mills of Am. Galveston 34 Giddings & Lewis..2 s_ Florsheim Shoe com* 8754 pref A100 14 1 24% 94% 34% 24 6 % preferred. . 100 Gen Tire & Rub—5 2854 * 10Jy* pref * Gen Theat Equip. _* 13 9% 108 conv Gibson Art Gilbert (AO) Preferred 23 9 -* Giant Portland— Cement com 38% 21 * Gen Rayon A stk--* Gen Ry Signal * 6 % preferred- -100 Gen Refractories—* Gen Steel Casting— Preferred FitzSimons &Connell D & D com.....* 67% 37% Gen Time Instru.-* 145 39 70 37 . UH Mfg— Cl A pref part—10 Refractories 6 5% $6 preferred 254 11% Harbison-Walker 13 preferred--lOO cum 49% 124% 124 Gen Plastics... * Preferred 25 General Print Ink- 1 6% 100 76 128 75 125% 49% . 6% 22 2% Hamilton Watch..* $6 preferred 100 Hammer mill Paper- 20% 95 * Gen Optical pref —* Gen Outdoor Adv't'g Common * Olass A— ^ $6 140 6% pref Fla Portld Cem u t Florence Stove Mills 8 18 Common Hamilton 116 1854 6% cum pref__100 General Motors.. 10 $5 preferred * Common Preferred 50 _.l Fiat Am dep rets— 10 Fldelio Brewery 1 H Field (Marshall) see "M" 5th Ave Coach.-.25 23 40% 115 4% % preferredlOO 5 Preferred ..100 Hall Lamp com * Hall (W F) Print'g 10 Haloid Co 5 41" 11* Bid Par Per share 7 454 Hajoca Corp..—..* 2% 13% 13% 105 7 % preferred- -100 Gen Foods Corp—* $4.50 preferred * Gen Machinery * % 6 Alabaster Ltd.* 19 18% 2% Stocks Huylers Inc— GypsumLlme 5% 41% 5 41% Ask Bid Par Per share share 24 2354 130 128% Am dep rets reg £1 Gen Finance Corp.l Gen Fire Exting * Gen Fireproofing. . * 18% Stocks Ask ~~Per Gen Cigar common * 7 % preferred- -100 Gen Crude Oil—2% General Electric * General Elec Ltd— 87 STOCKS possible for the closing day o fthe month preceding the date of Issue Bid Par Per share Falrchlld Aviation _1 Falrchild Eng & Alrl Fajardo Sugar—.20 Falstaff Brewery..1 6% convpref 1 Family Loan Society MISCELLANEOUS & INDUSTRIAL Quotations for all securities 37 1154 7% 63% 15% 85 21% Keller Dorian 6354 4 Colorfilm Kellett Autogiro. 1 20 _ ... 2% Kellogg (Spencer) see Kelly Springfld T 7% 1% 10% Common .......5 70 12 t Called Apr. 1 at 107%. d Called J Apr. 1 at 60. ft Last sale n Nominal, r Canadian price. I New stock. xEx-dividend AnAfaMnna fnr oil eamiHHoa nrn nnar M as Dosaibla for the closing day of the Conv class A 26% 5% 12 % Class B .-.-1 Kendall Co com.*-* $6 part pref A...* Kendall Refining-10 Kennedy's Inc....5 $1.25 conv pref..* Ken-Bad Tube A Lamp A * Kerlyn Oil cl A....5 Key Co common..* Class A 10 "2% 5 12% 26 % 108% * Kimberly-Clark Preferred Preferred 69 5% 27 12 125 3% 15% 1% 7% preferred. .100 k65 29 Feb. 6 13% 1 14% Television Common _ 44 40% 6 1 6% Mapes Cons Mfg..* Maple Leaf Mill * .100 Massey-H arris 20 Preferred Master Electric Math'son Alkali 1% 8% 3% I* iuH 23 116 2% 2% 16 21 \V& 8* 10% Leonard Oil Devel 25 Lerner Stores * 100 30 % 80 10 7% 31% 81% 2 ...1 Le Tourneau (R G)1 Ley (Fred T) & Co.* Libbey-Owens-Ford * Liberty Baking * Preferred 100 Lib McNeil & Lib.* Life Savers Corp.-5 30% 2% 29% 2% 51 40c 20c 5 3% 5% 25 7%j>referred— 100 Tulip Cup.. * 106% 175% Lincoln Printing * $3.50 preferred. Lincoln Service. .100 • 35 18% 36 4% 24 51 Prior preferred.50 Lindsay LtAChem 10 ~2% Preferred 10 Line Material.....5 9% 14% Link-Belt Co —-..* 41 Lionel Corp...... 10 Match.... * Lion Oil Refg * Upton (Thomas J)— 1 6% preferred...25 Liquid Carbonic * Liquidometer Corp 1 Lit Brothers .* Preferred 100 Loblaw Groc Ltd A* Class B... * Locke Steel Chain.5 Lockheed Air Craft 1 Locomotive Firebox* Loew's Inc * $6.50 cum pref..* Loew's Bos Thea.25 Loft Inc * Lone Star Cement.* 1 value, 100 14% 37% 4% 52% 4 51% 112% 115 S* 46 4 16 175 50 5% 99% 32 6 16% 29% 178 50% 5% 101% 34% 46 50 12% 13 6% r 89 5% 7% 89 6 1} 12% 101% 98 20% 9% 15% i* 21 10 15% 1% 11% 6 t 9% 9% 93 26 94% 29% 15 15% conv lH 14% Mead Johnson com Preferred ...10 Melville Shoe Menasco Mfg. 1 Mengel Co 91 66 It? 51 59 136 139 52% 55" 4% 4% 5% 5% 1st pf.50 27 28 Mercantile Proper.5 Mercantile Stores..* Preferred 100 9 5% conv 37 23% 21% 12,% 33 % 8% 50% 107* 41 24% 22% 13% 33% 9% 50% 107% 15 9% 55% 56^ Preferred k Last sale, n 74 28% 116 20% 11% Merrimac Mfg.. 100 Preferred 100 24 17 7% 78 29% 7 * 5 6%% pref A100 23 13 !6" 29 5% 64 14 Nominal, r _ * 100 10 7% 4% 8% pref.. 10 Monroe Chemical..* Preferred * Monroe Loan Soc Al Monsan to Chem. .10 3% 3% Monolith Portland 3 Nat Rub Mach 38' 99% 118% 118% Common _* Olciss A. ^ 51% 163 1 Monticello Tobac.. 1 27 Monumental Radio 1 Moody's Invest Serv part pref 25% * Moore Corp com.. * r 38% Preferred A—.100 r 160 Preferred B 100 r 225 Moore (Tom) Dist.l %» Moore Drop For A.* 47 38 Morrell(John) & Co* Morris Plan com 25c 30c Preferred 7% 10 Morris Plan Indus Bank 21% 25 Morris (Philip) A Co Ltd, 102 10 152 5% conv pf A.100 Morse Twist Drill & Machinery.. 100 48 51% 164% 2 26 38% 165 Mounfn & Gulf Oil 1 Mountain Prod 10 Moxie Co class A * New preferred. * Mueller Brass Co..l Mullins Mfg Corp— _ _ Class B 1 $7 conv pref * Munsingwear Inc..* Munson SS pref A.* "C" units Murphy Varnish 100 Preferred 4 86 Nat Transit 12.50 Nat Union Radio. .1 Na torn as 2 24% 6 38 12% 11% 2% 1 30 39% 60c 7% 23 * 1 4%% 9 Preferred Spec cl A Mutual System 8% conv 1% 11% * .100 J* Neptune Meter A.. * 8% preferred-.100 Common 102% * Myers (FE)A Bros.* Myles Standish v t c* Nachman Springf..* Narragansett Rac'g 1 Nash-Kelvinator ..5 Nast (Conde) see C Nat Acme Co 1 Fibres com 1 Nat Aviation Nat Battery pref..* 37 (New stock. * 69 16 2% 23% 1 # 58 4% 12% 4% 12 31 5 "% 1%6 1% 57 17 67 54% 76% 12% 56 69 73 18% 77 13 P 17 16% 3% 2% 11 3% 2% 8% 1% 11% 37 39 14% 15% 8 1% 4 o 55 2% 48% 21% 2% 49% 22% 73% 4% 68 4% 6 0 72 68 % % 37 38% 106% 5 108 6% age common. 7 4% 91 8 125 100 115 New Bedford Rayon Class A__ 25 New Britain Mach 25 Preferred 7% preferred.. 100 England Lime 1 27 95 New 16% 15% "5% 6 2% 25% 6% 39% 13% 12% 2% 12 10 units New Hav Cl com..* 7 6%% pref.... 100 50 60 New Idea com N J Worsted pf.. 100 New Mexico A Arizona Land--. 13 13% Newport Indus....1 New Process Co.. N Y Auction * 50 1% 1% 14% lift 30 24 2 1% 44% 3% N Y Air Brake N Y Dock $5 7% N Y non-cum pf—* Merchandise-10 N Y Shipbuilding.. 1 45% 3% 8% 8 8% M 13 Founders shares. I 65 N 109% 7% 9% 12% 7% 73 11% 13 7,% Pref. 82% 84 100 Y Transit 5 Nicholson File 1900 Class B * 1 Niles-Bement-Pond * 5 Noma Elec Corp. 1 North Amer Avia__l . _ North Amer Car..20 17 2% 13% 6% 3% 8% 15% 9% 4 8% Class A pref 1 Class B pref 1 North Amer Rayon Com class A....* Com class B * 9 12% 13% 32 % 8% 61% 24% 18& 39& 3 '6% prior pref. .50 Am Refractories 1 2% % 5 7 5% 21% 21% 22% 22% 45 46 No A * Class B 2 _.___* 3 % 6%% preferredlOO North Central 31 29 38 Class 15% 5 4% 27% 7% 60% 24% 5% 18% 2% * North Amer Cement Common l 51" 8% 40% 5% preferred-.100 Bedford Cord¬ 51 49 15% 50c New $6 preferred.. pref..25 Nat Bellas-Hess pfd 100 Noblitt-Sparks 2.50 com conv Nelson (Herman)-.5 Newberry (J J) Co— 154 6 10c 15c Nestle-Le Mur cl A * Muskegon Motor 94 123 Canadian price. 7% * * 4 62% 100 Nazareth Cement-10 Preferred. 100 Nebel (Oscar) _.* 2% 4 ...* Preferred- 78 16% 15% % 5% Co Naumkeag Steam Nehi Corp com 49 6 3 rA pref..100 Neisner Bros 230 5% Jan. Amer shares pr 10-vear $2 pref, 40 Nat Tea common..* National Tool.....] Navarro Oil Mtge Bk of Colombia Mortbon Corp A Motor Finance Conv preferred..* Motor Improvement Preferred— Motor Products * Mot Wheel Corp. .5 National Supply— 7 % preferred. -100 Nat Supply (Pa).. 10 Cotton 29 Nat Automotive 38% * $6 preferred 100 Nat Standard 10 Nat Steel Car Ltd.* Nat Steel Corp 25 Nat Sugar Refg * 5%% "2 Montgomery Ward— Common. 1 Merritt, Chapman & pref'ence.15 2% 4 Nat Conv part pref..* Nat Shirt Sh Del..* Muskogee Co 6 * ,5% Ring 54 Messer Oil Corp...* Mesabi Iron 1 Mesta Machine 5 Metal Textile Corp Common 25c $7 preferred. 22 Murray-Ohio Mfg.* Muskegon Piston 50 Scott com. 14% 105% 20 4% 16% 6% preferred.. 100 Mereenth'ler Lino.* Merrimac Hat... * Nati Pump com * 5 % % preferred-10 Nat Radiator » 34 4 Transportation- ..2 com. 5% 21% 2% 117 iig Pressure Cooker 32 109 27% 2 National 12 2% 41% 1% 99% 36% 100 Refining new.. * $6 prior pref * 8% cum oref..100 38c 5% preferred.. 100 Sec Co class A.l Par tic pref Merchants & Miners Merchants Refrig— Preferred 100 Merck & Co com.. 1 5% Murray Corp. ...10 Merchants & Mfrs 17% 4% 4% 21% 89 19% 7% 17% 4% 11 86 9% 13% 16% 4 35% 5% preferred- .100 14 14% 2i a 4% 48 Type— Common 10 18% Feb.17 Nat Paper A 47 6% 12% 5% % preferred._* 10% **% 23 Nat Mfrs AStores.-* 28c 24% 92 5 Nat Oil Products.. 4 100 Murphy (G C).___* llH 23 65 104 23% preferred .100 Nat Lock Washer.20 Molybdenum «'orp 1 Monarch Mach T'l * Monogram Pictures 1 $4.50 pf ser A...* Cum pref ser B__* 13 National Leather. 10 Nat Licorice com 100 Modine Mfg com..* Moloney Electric A* Preferred 9% 2% 2 140% 100 Monolith Portl Cem Common * 8% 12% 14% 170 Nat Safety 12.50 Nat Screen Serv * Nat Service Cos 1 _ pref.100 6% $2.50 2% 1 139 99 2 12% McGraw Electric. McGraw-Hill Pub Partic par 1% 37% Common Preferred 36 McCrory Stores 1 Conv 6% pref.100 Preferred. No 1.40 6 14% 37% - Metal & Thermit. * 21 34 7 % preferred- -100 May Dept Stores. 10 Maytag Co * 1st $6 pref* 3 cum pfw w ._* 3 cum pref x-war* McCahan Sugar Refining pref. .100 McCall Corp * McColl-Frontenac 105% McWilllams Dredge* 106% Mead Corp com * $6 preferred serA* 177% $5.50pfserB ww* l\X ■A" 2% 9% 2tH * McKeesport Tin Plate com .10 McKesson-Robb'ns 5 $3 conv pref * McKinney Mfg 11 17 * 100 1 McLellan Sts com.l 38 - Lima Locom Wka. * .... 16% 3% * pf_100 Oil Co * Preferred 100 McCord Rad cl A. * Class B 12% 1 it 28% 15% 2% 166 Nation'l Malleable & Steel Castings * 5 Mo Portl Cement.25 Mock Judson & Voe 113% 113% 102 48 25 .25 Pipe T ine A Class B 32 McQuay NorrisMfg* 5$ 37 105 Lig 6% 2 Natl Gypsum com.l 77 1 A common B common * 116 Mississippi Glass— 15 _ 2|* 31^ Oil Midwest Masonite Corp 23 3 Lehn A Fink Prod.5 x - 36 98 Preferred 100 Marlin Rockwell.. 1 35 1.30 5« H * 60c 30% % .5 Lehigb Yallev Coal * 6% cum conv pf 50 Lehigh & WilkesBar re Corp * lly r Preferred 100 Marchant Calculat Machine .10 60 2% * Common B r Marshall Held & Co* Martin (Glen L) _ _ 1 Martin Parry Corp * 18 Mission _.l - 6% 9% Minneapolis-Moline Power Implem 1 $6.50 onm pref..* Mission Corp.....10 z/ 4 9% 15% Maracaibo Oil Exp. 1 Marathon Paper 25 31 Leh Portl Cement.25 4% conv pref.100 inc 10 Preferred 50c * com 21» 12H . 51% 2% Lefcourt Rlty Corp 1 4%% pref 5% A Co common * Manufac's Trading 1 conv 6 23 Missouri Kansas Marion St Shov Leland Electric- 2 10% % Margay Oil Corp..* Lebanon Steel & Iron Conv pref Leh Coal A Nav 2% 1 9% 1% x $5 conv pref * Manh-Dearborn * Manhattan Shirt.25 Manischewitz * 5% A _ 2 1 com Major Marketing.. Mallory (P R) 11 -.50 Lee Rub & Tire 8 & 18% Lawbeck Corp— Class A 4 Radio 18 New class B Nat Fuel Gas ' 15 7% pref A 100 6% pref B-... 100 3% Conv 43% 18% ill* V 7 12% $4.50 conv pref-.* National Lead 10 Minn Min A Mfe__* * 6% preferred—100 Lawrence Portland foment 100 Leath & Co com...* Preferred.... .* Lion .___* 50 * Lanston Monotype Machine Co.. 100 LaSalle Ext Univ..5 Lautaro Nitrate A.l Lessings 6 43 Nat Food Products Class A old i New class A 20 12 Supply common.* 1 Preferred 4% 99 1% _.* Mid-West Abras.60c Midwest Oil 10 Mid vale Co Pref 6%% Manning Bowman 3% 15% 27% 111% 15% Miller _ 24 % 6 20 4% preferred.. * (I) Sons com 100 Minn Brewing 1 Minneap-H oneywel l Regulator * 4% pref se- B.100 Razor com 6% preferred10 Nat Dist Prod * Nat Enam & Stpg.* Nat Fireprooflng__5 Miller & Hart— 100 Manati Sugar com Option warrants. Mandel Bros Inc..* Langendorf United _ 30 29 28 * 23% 23% 6% 12% 14% - 8% 1st pref...100 $2 n-cdiv shares.* 32 107 104 5% Midwest Piping & Mangel Stores— 27 Lanova Corp g* MacWhyte Co— 8% preferred.. 100 Macy (R H) Co Inc * Mad Sq Garden * Magazine Repeater Majestic 23% Clark 25 Lane Bryant Inc..* Le Roi Co * Mack Trucks Inc..* MacMillan Co * Preferred 1 Bakeries— Class A_ 4 W* 32 Mahoning Invest 100 12 13% Landers, Frary & Class B Preferred 3% J/* 13% 3% * wells Co 100 6%% pref—-100 Airpl_50c Corp. 5 Luscombe Nat Dept Stores.. * pref * * (Del) 1 7% pref class A100 7 % pref class B100 3% 8% 9% 9 29 Nat Cylinder Gas.. 1 Nat Dairy Prod...* 15 Middle States Pet— Class A v t c * Class B v t c * Midland Oil Corp— conv 'A 2 8 * com Nat Container Mlckelberry's Food Products com—1 $2 Nat Casket 167 162 National Candy—.* Preferred $7 Nat. Cash Reg Midland Steel Products com.* 126% 3% Lakey Fdy & Mach 1 Lane 86% 15 6 4 6% preferred-.100 14 % ...* r 100 r 115 Lambert Co Lanatin Corp 10 Macfadden Newsp.* Macfadden Pub—* Lake of the Woods Milling 150% 1% Lunkenheimer Co- SB 1 . 84% 18% 50 . 6%% conv pf-100 Ludlow Mfg Assoc.* Ludlow Valve— Preferred -.100 Lukens Steel.. 50 Preferred 1% 10 Preferred 23% 24 MacAnd & Forbes 10 57 % Mid-Cont Petrol. -10 10% Kingston Products. 1 Kinney (O B) Inc I $5 prior pref ..* 18 preferred _* KIrby Lumber 100 Kirby Petrol 1 Kirkham Engine & Mfg Corp 1 Klein (D E) Co * Kleinert Rubber.. 10 Knitted Padding..* Knott Corp .1 Kobacker Stores * Cum pref 7%-100 Koppers Co 6 %pfl00 Kresge Dept Stores 1 4% preferred.. 100 Kresge (S S) Co.. 10 Kress (SB) _* Special pref 10 Kreuger (G) Brew.l Kroger Grocery & Baking common.* Kysor Heater... 1 Lago Petroleum. 1" Lynch Kingsbury Brew-'-.l King Seeley com._l Laclede Steel 23% 148% Lorillard (P) 15c 1 Mich Bumper——1 Mich Gas & Oil—1 25% 25% 10 7 % preferred 100 National Bronze & Aluminum Fdy..* 5% Preferred-.10 110 Nat Biscuit-.. Mich Steel Tube.2% Michigan Sugar...* 100 Louisiana Oil Refg.* 3% .* 20""" 109 200 150 preferred—100 2nd preferred--100 # 11% 53% 5% Metrop Playhouse.* Mexican Eagle Oil.'i Mexico Ohio < >11... * Mexican Petrol 108 share share 6 19% 10 7% preferred--100 Loudon Packing—* * ... —* Common 1st 15% Keystone Steel A Wire common 5% preferred.-100 Lord & Taylor—100 83 * Keyes Fibre com $5 preferred... 100 Longwest Corp * Loose Wiles Bis—25 8% m 3% 13% 52% Long Bell Lum A..* 80 1 month preceding tha date of Issue Per share share Kellogg Go. * KelloggSwitch A 8 _* 6% conv pref.100 Kelsey-Hayes Wheel MISCELLANEOUS STOCKS & INDUSTRIAL 88 18 Texas Oil ..5 No European Oil-.l North German Lloyd cc Amer shares Northern Illinois Finance Corp 22 - 4% % % * 11% 11% march, 1939] industrial Quotations for all securities Stocks Bid North & Judd 26 Nor Paper Mills..10 North Pipe Line. .10 N'west Engine Ask 434 * Pepsi-Cola Yeast 100 NorwalkTire& Rub* 69 7% preferred...60 35 Norw Phar new. 434 2 34 Novadel Agene Noxzema Chem 1734 3034 734 334 * 1 Nu-Enamel 1 Nunn-Bush Shoe 2 34 Petrol * 2234 23 Preferred Ohio Brass B Ohio Forge & r 100 160 164 * 13 15 14 17 Phila * 8 % 834 6% preferred-.100 11134 112 100 115 Ohio Rubber * Ohio Seamless l ube* _100 6% preferred.. 100 Oneida Ltd com 12 34 25 Conv preferred..* O'Sullivan Rubber. 1 Otis Elevator * Philin Morris 5 134 9/ 234 145 94 97 134 2634 634 27 61 65 1 2234 pref-100 734 34 Pilgrim Explorat 834 Manufacturing..5 20 1234 5034 Preferred Oxford Paper com.* $6 preferred A .* 40 1st prefer*! * 434 634 8 _ 13 34 5 4 Pitts ton Co iiH Preferred 100 Pacific West Oil..10 Packard Motor * 45 Page Hershey Tubes Pairpont Corp.. 100 97 Palmor Bros.. Preferred Pan Am Airways..5 Pan-American For¬ 50c 1 1434 Machine common Preferred 4% 1134 4234 1134 Parker 10 12 Parker Rust Prf-234 Park & Tilford Tnc.l 17 1734 24 25 12 13 Parkersburg Reel Rig common Parmelee 42 H 1434 & 1 2% Trans—* Pathe Film Corp._l 7 % preferred * Pea body Coal B—5 6% preferred ..100 Peck, Stow & Wile 10 Peerless Cement—* '834 34 20 6H 2% 30* I* 15c 30c Vending com 1 Preferred * 6 7 Pender(D)Groc'y A* 38 42 100 com..* Preferred 20 conv 30 Penn Federal Corp. * 4 34 % preferred. 50 Penn Glass Sand— 5 % conv pref.. 100 6% preferred.. 100 Purity Bakeries—* Pvle National Co. 5 Common v t c—* $7 conv pref * Penna Industries— $5 pref B._. * conv 1st pf * $3.50 Penn-Mex Fuel 1 Penn Rivet Corp..l Penn Salt Mfg—50 Penn Sugar v t c.. 20 Penn Traffic 2 34 Penn Vy Crude Oil— Class A 6 * . Rainbow B 100 common 1 14 15 2H 234 100 A.* * Rath Packing 10 RaybeHtos-Manhat * Raymond Concrete Pile common 234 2% $3 conv * pref 5c par 25c 234 2634 Raytheon Mfg..50c 6% preferred 5 26 13* 38 _ 534 5s ioVA If . 86 common Class 56 _ 5634 225 "434 36 40 110 26 934 234 334 134 234 9,„ 534 It* 1* n Nominal, r "934 6134 25 Robertson (H H) . * Box-5 _ 12 2034 334 934 2?* 5% preferred..100 334 134 1!g 1!* 234 434 6 Roxborough Knitting Preferred -.3 234 * 134 734 80 134 734 100 6534 234 6534 234 5 51 134 XA 34 334 434 55 1434 3 2734 1834 l7*x 334 — .5 100 _.l Samson United Sanborn Map 1834 1334 2034 134 34 Salt Dome Oil 1934 41 20 Preferred 2 1 Canadian price, 1 25 Sangamo Electric. _* Sanitary Co of Am 8% preferred San-Nap-Pak com.l * _5 x 3234 1134 V* 3234 37 39 1334 13 34 "934 9 * Shell Transp & Tr £2 Shell Union Oil * 2 Rights 5 34% conv pf.100 Shepard Niles Crane 6 534. 234 18 OH Shattuck (Frank G)* Shawnee Pottery 1 Sheaffer (W A) Pen* Hoist h . 106 34 106 25 24 25 Common * $2.50 preferred_30 Silex Co... * Prior 100 pref 10534 11234 r 12 r 105 34 110 Feb. 6 534. 1034 2634 11334 1134 28 1434 70 SImmons-Boardman Pub preferred—* * Simmons Co * Common Slmms Petroleum.10 1 Simon (Franklin) & Co 7% pref_.-100 * 16 18 2934 30 234 3 1.00 23* ,334 1.25 53 44 20 1934 134 210 4 Sivyer Steel Oast * Skeily Oil 15 6% cum pref. .100 Skenandoa Rayon.* 15 21 23 2* . $6 preferred—100 Smith (A O) Corp.10 2034 234 214 434 13 Sirian Lamp com..* Preferred... * Smokers Match—* 25 Smyth Mfg Snider Packing * Socony Vacuum..15 1 Aircraft 56 Sonoca Products 65 Sonotone Corp 41 Jan. 24 17 31 534 28 12 45 - _ _ 5 1 preferred-.1 Soss Mfg common. 1 Soundview Pulp—5 2434 9434 634 70 99 10 H 2534 9634 75* 10434 1634 10034 10434 1734 1534 1634 II* 60 1634 12 34 J* il* 434 1534 5 Works South Coast Corp—1 Preferred 100 South Penn Oil 234 So Porto Rico 25 18 2I* 32 66 Sug.* 136 Soutn 106 S'eastern Greyhound Lines preferred— 110 111 Southern 98 334 1234 — - - Groc com. 70 South'n Pine Line 10 Sou Webbing 75 Southland Mills Royal..5 . _ 5 27 2% 55 Spalding (AG)&Br.» 7% 1st pref.-.100 Sparks-With'gt'n Co 13 34 134 10734 31 3 57 13 34 134 10934 25 27 25 35 234 334 90 1634 3134 34 33 34 Ex-dividend 17 134 18 6 4 334 434 534 634 1434 434 634 8 634 South West Penna Pipe Lines new. 10 25 1734 13 34 Preferred 1234 12434 1934 234 234 - Southern Phosph.10 — 534 141 Development -100 22 20 12 Shore Oil & 3734 9634 10534 3734 "I"34 32% 17 34 17 8% preferred..100 64 1634 1234 534 South Bend Lathe 634 80 Units Savage Arms. Savannah Sugar- t New stock, 1134 pref Conv 1134 4334 634 234 29 13 5534 6434 2934 534 St Regis Pap com. 1534 55 conv Typewriter vtc—* 112 * Russeks 5th Ave_2 34 Russell Mfg— —50 Ruberoid Co _ 13 83 50 $5 Solar 133 93a 154 4J4 2 34 1734 64 34 Shamrock O & G—1 Sharon Steel Cp * Smith & Corona % Royalite Oil Ltd 3* 1734 Seversky Aircraft. _1 5% preferred.. 100 1934 34 Royal Typewriter.* 7 % preferred- .100 2* 11034 Sloss-Sheff S & I-100 1834 1334 123 17 .1 7 % preferred. .100 Seton Leather * 234 234 Ross Gear & Tool—* $2.50 conv pref-_* Ryan Aeronautical. 1 Ryan Cons Petrol.* Ryerson & Haynes.i Safety Car H & L_ * Safeway Stores * 5% preferred—100 6 % preferred- -100 7 % preferred . -100 St Lawrence Corp.* $2 conv pref—50 St Lawrence Flour Mills com 100 Preferred 100 St L Nat Stk Y * St L Rocky Mt & Pacific Co.-100 Preferred 100 St Paul Union Stock Yards com * 12 Servel Co i* 19 Rustless Ir & Steel. 1 120 1334 Feb. 25 13 34 17 1 934 6iH Selby Shoe * Sentry Safety Con.l Sorrick Corp cl B._ 1 3* $1.20 conv pfd.20 common 6 65 100 Preferred 134 1234 1434 134 1 80 15034 33 8% 50 Rubber.* Preferred. Simplicity Pattern.1 Singer Mfg 100 Singer Mfg Ltd— £1 Sioux City Stock Yards com 20 18 100 Rogers Majestic * Rogers Peet 100 Rollins Hosieryt 1 Rome Cable Corp_5 Roosevelt Field 5 Seiberling Common Rockbestos Prods— 89 6 20 7I* Simonds Saw & Steel 100 * 1 ware com Simon Brewery _ 80 9 22 Simmons Hdw & Pt * 88 434 I30* Seeman Bros 134 5 22 Silver Burdette— * B of N Y ord shares. 434 1134 12 Shrevept El Dorado Stamped Shuron Optical * SIgnode Steel Strap'g Royal Dutch Co 110 Corp pref w w_* $2 conv pref.... * Seaboard Oil (Del).* Seagrave Corp * Sears, Roebuck * 334 434 Rossia Int Corp—* "4" 20 12 134 334 1834 1834 x19sa 234 cum 5% pfser AAA 100 Sher-Wms Can: * Preferred 100 Rose 5 10&25C Store 11934 34 2534 11 Warrants $2 4834 11434 11 Sherw-Williams —25 34 234 10 Bobbins & Myers Preferred Preferred 2434 1934 Scullin Steel pref.50 Common * 3834 13 34 534 234 334 * Robertson Pap Preferred * Warrants 934 9 * Savoy Oil k Last sale, 1234 334 Rice Stix Dry Gds_* 1st pref .100 2d pref 100 Richardson Co * Root Petrol Co 114 value, _ Rockwood & Co 38 Rayonier Inc com. 1 $2 cum pref—.25 234 lc B 553! 21634 11834 He * Raudau Corp pt Class B 1 13 34 _ Preferred __* preferred Units Peoples Drug Stores* 634 % conv pref. 10i 10 Ralston Steel Car— 157 Rheem Mfg Co. 1 Rhodesian Anglo. 10s Rhodesian Selection _ Luminous 16 155 3834 Robinson(Dwight P) 7% 1st pref—100 Rochester Button * 50 134 25 34 H 48 A** Product A Class 1534 12134 10 common W orks 16 48 preferred Warrants 22 22 Units Without Chem.l Radio- Keith-Orph New common 15 1 11* 3634 6 New 13 H , Punta Alegre Sugar * Pure Oil Co __* Radio Corp of Am.* Switch class A.. 10 9 1034 35 Rademaker pref A.. * 10 * Inc 8534 834 134 434 If A* Warrants 49 * 1034 1 34 56 Roeser & Pendleton * 54 4 34 28 77 50 Richman Radiator. 1 Richmond Cedar l\H 37 47 * H 84 H 1 21 1 Timber Penn Electric * Hall 10 Air¬ Corp 834 Lambert..* 52 Penn Coal & Coke 10 Pa-Dixie Cement..* Class > Pyrene Mfg——10 Quaker Oats * 6% pref erred ..100 Quaker State Oil. .10 Penney (J C) Com.* 38 74 B 1 _ 34% preferred .* Scovill Mfg 25 Scranton Lace * Sharp & Dohme * $3.50conv oref. .* 30 1 34 1 com * Ford Penn-Central 7% 5 5 stamped * Class B lines 2034 Pullman Peerless Weighing & Penick & 134 34 8% preferred-.100 5% preferred-.100 Producers Corp. .25c Propper McCaU'm.* Prosperity Co B * Publication Corp..* 1st preferred.. 100 Original pref. .100 Puget Sound Pulp & 100 6634 10 cum 234 34 2134 ♦ Process Corp com..* Proc & Gamble * 234 934 67 pref. .100 pf__100 Reynolds Metals. _* 534% conv pf.100 Reynolds Spring 1 Reynolds Tob 10 5 cum Preferred * Preferred II34 134 1734 Revere Cop & Br Class A 1434 1434 1834 * * 5% conv 1st pf..5 95 90c 22 6 1334 1434 1734 * . 5% conv 2dpf—50 1134 7434 934 1634 10 54 Prica Bros & Co "4 " if* 30* Richfield Oil of Calif Pressed Steel Car— 94 63 63 52 6 101 Pen 34 134 2134 8 pref * Pressed Metals Am. 1 6% 1st pref 100 6% 2d pref 10 Parke. Davis Co..* 6% conv pref. 100 6% prior pf A. 100 Respro Inc com * Common conv 56 3 34 * "534 21 66 Pratt & * Paramount Motors 1 Paramount-Publix 10 Paramount Pictures 1 5 Republic Steel 100 Common pref. 100 1 Reo Motor Car 7% _ 134 34 4 Preferred 73 65c Ritter Dental Mfg.* Riverside Cement— Class A * Potter Co * conv 25 w w Riley Stoker Prentice 54 102 61" 134 Inc..* Parafflne Co 1234 1034 18* warrants — 434 Prairie Oil & Gas_25 534 1134 40 Pref 1 8 1034 58 Potrero Sugar "634 """34 834 % 834 1434 rights Preferred Renner Co 34 634 834 4834 11434 Seaboard Fin 534 2034 2 ordinary Porto-Ric-Am Tob— I§" 36" 34 100 Pollak Mfg 634 5 54 100 pref_25 Remington Arms—* 134 Potash Co of Am... 6 American shares.Pant ex Pressing 12 22 8?s iya 7 4 100 Poor & Co class B. 108 Refining com Pantepec Oil Co— 8 34 Class B 1134 Pan-Amer Southern 1 Panhandle Prod & 110 34 Class A 5 67 20 * 5 Class A 1434 99 31 conv Bond 100 Sts.l Retail Schwitzer-Cumm 1 Voting trust ctfs._ Pan Am Petrol & Transport $50 par B 6 40 1 Preferred 78 Pan Amer Match.25 11* Polaroid Corp 78 ] 2134 3034 Pocahontas Fuel .100 1034 434 10334 34 Class "434 36 * Plough Inc Plymouth Oil 10 eign Corp class A1 B 10934 734 (Thos G)— 7% 1st pref...100 2.40 10 Preferred 534% 1234 734 Pleas't ValWine Col 50 1034 4 34 * __60 634 134 Plant 534 434 1.80 .100 conv Plant Reduction Pacific Port Cement Common 534 6034 Pittsburgh Steel—* 7% pref B..._100 534% prior pf_100 5% pref A 100 634 934 % , 3 1 it* preferred-.100 Pitts Screw & Bolt.* 29" 26 * preferred 3 6434 534 934 2434 2634 pref * Pitts Forgings 1 Pgh Metallurgical 10 Pittsg PI Glass—25 Cushion 1 634 * Pitts Coke & Iron..* 115 8h 38 36 Pitts Coal (Pa)—100 $5 Scott Paper Preferred 1 8% preferred. .100 Segal Lock & Hard¬ (Illinois) Preferred Pitney-Bowes Post-* Pittsburgh Brewing * 45 64 Winterfront.l Pines 6% Tire 6% pref....* Owens-Ill Glass. 1234 834 2434 34 1 Pirelli Co of Italy— Am shs 500 lire— 22 4234 conv Pillsb Flour Mills..* 8 3034 134 2234 143 1234 1854 Pierce Oil Corp— Pierce Petroleum..* 49 2d 1734 1234 5 34 % preferred Schulte Real Estate 1 2934 534 7% 1st pref 100 Reiter-Foster Oil. 34 Reliable Stores * Reliance Elec & En Common B 71* 11 33 Mills Ltd * Preferred 25 Reis (Robt) & Co—* $1.50 69 * com 28 _ Reliance Si eel 334 434 234 2 Pierce Governor— 8% * 16 Schenley Distillers_5 534% pref 100 Schulte 50 As Per share Schirf Co 16* I* 134 Rern'tn Rand com.l 4 734 Reliance Mfg Co 10 5 13 834 7% 2934 3 3934 334 50 234 Pierce Butler Rad.5 14 $5.50 conv 1st pf_* Outboard Marine & $5 preference * Pac Amer Fisheries 5 Pacific Can. * Pacific Coast Co.. 10 3 42 25 140 Outlet Co com * 7% preferred.. 100 234 3934 5 Pkge Corp 2934 12 40 Pictorial Paper 734 1334 3034 4% M see Preferred 134 28 434 Phillips Packing * Phillips Petrol * Phoenix Hosiery—5 7% preferred--100 Pick (Albert) com.l 10 125 100 Phillip-Jones Corp.* 7% preferred-.100 48 6% preferred..100 Otis Steel * Pac Eastern Corp. 1734 Record com.* Preferred 9 4 Onondaga Pottery.* Ontario Mfg com..* Oppenheim Collins.* Oshkosh B'Gosh * 1034 46 1 Oilstocks Ltd 5 Okonite common 100 6% preferred..100 Oldetyme Distillers 1 Oliver Farm Equip.* Omar Inc..... 1 Preferred 1234 634% pref 100 Regal ShoePref .100 Regent Knitting 70 334 Bid Par 29 4$! Phila Insul Wire—* Phil & Read C & I.* * * 734 * Preferred Units. Reed Roller Bit Reeves (Daniel). 734 _ 5 64 34 3 10 34 Pfeiffer Brewing. Pharis Tire & Rub.l 28" 50 Stocks share 434 5 pref. .100 Reda Pump * cum 14 Pettibone Muliiken * 8 2734 7% Reece Button HolelO 134 334 14 Real Silk Hosiery Mills common Reece Fold Mach.10 Reed Prentice com.* Conversion. Petrol Derivatives.* 334 89 Ask Per Par Red Bang Oil Petrol Heat & Pr__* 31 Bid Stock* 934 Phelps-Dodge 25 Phila Daily News. 10 Phila Dairy Prod$4 preferred $6 preferred * r 7% preferre Oil Exploration 18 1834 1234 Ogilvie Flour Mills.* Machine Corp Ohio Leather Ohio Match Ohio Oil 2734 834 434 3634 Oakite Products. .20 Overman * Permutlt Co.. 1 Pet Milk Pet Corp of Am—5 1734 N'wost 132 * Perfect Circle Ask sharp. Par 5 stocks possible for the closing day of the month preceding the date of Issue Bid Stock* Per share 25 27 7 10 miscellaneous & are as near as Common * Spear &Co 1 $5.50 preferred * Spencer Kellogg—* Spencer Shoe * Sperry Corp v t c..l Spicer Mfg Co. * $3 conv pref A * Spiegel Inc com...2 $4.50 conv pref..* Springfield Ice & F.5 Square D Co.. 1 jSquibb (E R) & Son* $6 preferred-. * 1734 4 20 434 47 48 3 634 334 734 75 1934 21 (l 46 3 45 15 43 34 1534 *7234 2 34 28 34 28 107 1534 4434 1534 7234 29" 31 108 34 90 Stocks Stahl-Meyer com--* Preferred——100 10 Staley Mfg Co 7 % preferred 100 $5 preferred * Standard Brands._* $4.50 cum pref * Standard Brewing- * Stand Cap & Seal—1 Conv preferred-10 1% 12 % 100 _ _ 103 81 "7"~ 0% 100 % 100% % 16 17 22% 22% 5 3% 3% 1 1H 1% - Standard Coated Products com.lOe Preferred Thompson (J R)—25 Thompson Prod—* $5 conv prior pf_* Thompson-Starrett * $3% preferred * Tide W Assn Oil..10 U" 1% 5% preferred.. 100 Standard PlasticslOc Standard Products. 1 Standard Screw. .20 Preferred A 100 S< and Silica com 1 Todd 78 Tokheim Oil Tank & Pump ...5 14% 15% Toledo 23 25 23% 25% 49 Btanley "Works 25 Utarrett (L 8) Co. 25 r 70 71% 11 13 Preferred 100 Sterchi Bros com..* 106 50 k 6% 2d pref 20 k Sterling Aluminum 5% 3% 72% 25 16 18 Twin 5 11 11% Ulen & Co Stinnes (Hugo)Corp5 "7% % 6% 5% _ 6% Mfg * "9% 2% 3% Stores com 1 Conv preferred-15 Un St Yds Omaha 100 Union Tank Car * 5 6 United Aircraft 9 8% 9% . 7% 22% 7% United 7% Air United 10 7% 62% 5 100 11 United 2% 2% 41 * pref. 100 United Carbon * United-Carr Fast..* 127 Chemical..* Van * * $4 preferred 18% Van Raalte Co Venezuela Holding. 1 Venezuelan Petrol .1 38 41 Vertientes-Camag'y Sugar common. .5 Vicana Sugar v t c_3 16% 113% 59% 17% 4; 17 117% 62% 18% 4% * B United Elastic United Electric Coal Cos com Un Eng & Fdy United Fruit 1% 28 1% 29 4% 5 5% 6% 1% 1% 5% 7% 6% 7% 5% 5% 32 33 72 72% 7% 4% 36% 7 United Milk Prod..* 20% 9% 22% $3 part pref * United Molasses Ltd 70 Unit Paperboard. 10 Preferred 100 Unit Piece Dye com* 40 41% 43 45 Tampax Inc 1 Tastyeast Inc cl A. 1 11% % Taylor-Colquitt Co 6 30 Taylor & Fenn_.100 Taylor (K) Dist._ Taylor-Wharton 90 Amer dep 11% « 32 rets..£1 Preferred & United 1 100 5% 6% % 6% ~i% 7% Profit % Sharing 25c 10% preferred--10 ' com Class 7% 2% 19% 4% 5% 1% % 12% 2% 19% 43 43% 5% CJ S 30 U S Fishing Class * Telaut'g'ph Cor p.. 5 Tennessee Corp 5 * 1 < Preferred * Texas Corporation 25 Texas Gulf Prod * x 5% 29% Un Shipyards B Class A Un Shoe Mach 5 WA 1 25 1% U S Distributing 7% conv * pref. 100 No par value, Waitt&Bond Inc A * * Walgreen Co com..* 4 % % pref w w 100 WalkerfH) Good'm 5%% 3% % k Last sale, n \ * * pf com Preferred cum. $3 * * 1st pref.* pref * Warren Fdy & Pipe * cum 1 24 32 35 177 6% ~7~~ 33 pf.100 50 63 7 cum pr Canadian price, 22% 71 74% 119% 6% 8% % 6% 7% 17% 5 7% t New stock, x i% 7% 17% 8% 9% 20% 22%. 10 com 2 2% 2% 7% 5% 7% preferred..100 7 4% Indust 47 Woodley . 50 2 4% 5 Petrol___l 5% 6 Newspaper Machinery pref. * Prior pref units Woodward Iron.. 10 Woodw'd & Loth'p 10 Woolw'th 100 (F W)_10 3 1 8 3 24% 24% 49 55 120 48% - - 48% Wool worth Ltd— Am dep rects ord. 15 15% Worcester Salt.. 100 Preferred 100 44 48 102 90 Worthington Pump * 19 60 70 52 63 45% 49 15 20 7% pref A 100 6% pref B 100 4% % conv prior preferred 100 4%% series prior preferred 100 Wright Aeronaut'l.* Wrigley (Wm) Jr..* Wurlitzer (R) comlO Preferred 100 & 20 6% 13% 2% 42 5% 1% 7% 2% 3% 8% 28 7% 7% 14% 2% 43% 5% 42 2% 8% 2% Mach. Yale & Towne 25 7 73 29% 1% 18% 110% 5% 40% 7% preferred. .100 York Ice Mach * . Preferred 29 109% 78% Coach Mfgcl B..1 100 Young (J S) Co. 100 12 33 Yates-Amer Mach .5 Yellow Truck & 7 % Preferred. 6 100 80 128 Young (L A) Spring & . 12 3% Wire * 17% * 27% Youngstown Steel Door common Youngstown Sheet & * 49 5%% pref..100 Youngstown Steel Tube 80 Car common Bros Ex-dividend. - Portland Cement Preferred 9 1% 7 61 9% - 49% 7% preferred..100 1 Wells Fargo & Co. .1 - 2 1% 48% 19% 3 Wellington Oil 1% 9 - 89 Webster Eisenlohr.* Brow er com 1 Welch G'pe Juice 2% Preferred 100 Wolverine . 30 pf..50 9 1 8% 115 Wood 21 Warren Weisbaum 17% Wood (Gar) see G 11% 29% 100 5 Woodall Wayne Knit Mills.5 Wayne Pump 97% .50 Wood (Alan) Steel.* 22 5% 9% 44 Goodwill Wolverine Tube 46 2 The 8% 1% 21 9 2% 5% 4% Wither bee Sherman 8 43% 23% % * 2% Waukesha Motor..5 1 * Line Preferred Preferred 28 1 5 $6 preferred WJR 4 93 * * * 6 41 * Wilson & Co Station 33 6 * conv r conv Warner Co Warren Bros 26% 21% 4% Nominal, Com class A Com class B. 5% 7% 7 6% preferred 10 Ward Baking Corp— 10% 7* % 90 U S Iod Alochol » U S Leather com..* 4% 19% 7% prior pref. 100 6% preferred.. 100 2% 1% Waltham Watch cl B Walworth Co 3 * Winsted Hasiery 100 Winters & C'mpton 1 30 U S Hoff Machin'y5 58 * 5 (R C)._.» Oil-O-Mat 2 1 Waldorf System 1% 10% Oil Gas Wilson 15c % 8% 8 (Northam) $3 conv pref * Warren (S D) Co..* U S Gypsum 20 7 %preferred__100 7% * Wagner Bak vtc.-l 84% 44% 3% 1 7% preferred 3% 20% _ F) (H 5c % 2% 100 U S Foil B U S Freight 8% 43 Part conv& cl A.* iVA _ 90 80 80 25% . 7% 8% 6% 7% Willson Products..1 Wilsonite Corp Wilson-Jones * % 1% % 6 50c 40c 100 35c" Va Iron O & C..100 $3.85 1% 2 114% 44% 6% 100 Envelope Preferred 800 * pref..* 1% 10% 83% 2 14 9 2 10 Preferred 25 United Specialties. 1 6 Tex Pac Coal & Oil 10 Texas Pacific Land 8% 3% 20 1 42% 6% 25% 3% 27% Warner Bros. Pict._5 * * A__ B 6% Taylor Young Airplane Co 33% 113 30c 7% preferred ..100 United Screw & Bolt 3% 27% 34% 1 Preferred 5% 5% 62 5 & Worts com 60 60 3% 26% 20 5 % preferred 100 Vogt Mfg Vulcan Corp com. * 4%% pref 100 3% preferred..100 Vulcan DetinninglOO 7 % preferred 100 73 9 9 41 Class B 5 8 16 Wahl Co 1* Wilcox 39 Waco Aircraft * 2 40 _ 71 69 Willcox & Gibbs__50 * _ 5 Merchants 6 Mfrsvtc Talon Inc common .5 pref... 10 $50 9% 5 Pump Preferred 6% part pref. .100 * 7% preferred..100 27% 19% 6% Vick Chemical Viking Va-Car Chemical. .* United Drug 5 United Dyewood.10 10% 19% 7% 4% 1 _ 12% 2% United 1 5 100 7% 1st pref Veeder Root Inc Victor Brewing Victor Chemical 6 18% 62% 22% 40% 12% 1% 2d series warrants 2% % 27% Van Nor Mach Tool5 25 30 9 Van Dorn Iron Wks* 41 Un Drill & ToolClass A _* 15% 19% 13% 25 23 $5 preferred 45 2% % 29% 4% 13% 23% 60% 21% 40% 40 Class x 19% 6% preferred__] 00 United Cigar-Whalen Stores com.... 10c x * Corp Camp Milk $3 part pref * United Cigar Stores— 35 conv 27% _ Venezuela Mex OillO Biscuit conv _. Vanadium Lines Un Artist Theatre.* 8% 9% 5 Transport 25% 8% 60% l i Union Premier Food 79 — $3 7% 1% 26% Preferred 19 1 1 76 Union Oil of Calif. 25 5% .... Co 23 72 103 Suchard Chocolate com 50c 22 Wil-Low Oafet 1 Conv pref * Willys-Overland 1 6% conv pref. .10 $2.50 pref * Talcott (James).-.9 _5%% partic pf.50 Thermoid * 27 Symington Gould- conv preferred 26% dep ctfs of bear shs Sylvania Industrial * $3.60 Prior Wilbur * Common Wieboldt Stores—* 6 Susquehanna Texon Oil & Land Thatcher Mfg % 29% 4 43% 14% 17% Trust old stk_.100 Ctfs sub shares.. 1 % 17% 25 . Sulph..* 7% cum pref. .100 Valley Mould & Iron 12 51 Union Cement A pref..* Class B * Superior Steel 100 Texas Gulf 4% 58% 1% Vadsco Sales Corp— Common * 1% 9 45 46 36 com. 4% b .100 4 7% preferred..100 Whittall (M J)— 5% preferred 10 Wickwire Spencer Steel common 10 43 35% 2% 43% Term & Trans 10% 3% _ 92 Pipe common. .25 Whittaker Paper— % 6% Williams 35 Prod 3 7 % preferred 85 Whitlock Coil 3% 3% Wm 33 Tennessee Utah Radio Prod.. 1 6% 6 7% first pref. .100 19% 85 6%% conv pf__50 Superheater Co * Superior Oil Corp__l Superior Oil (Cal) 25 Superior Portland lno * 36 „ Technicolor 100 Upson Co com. 12% 11% 1% 20% 12% 11% * Common 79 80 2 Iron & Steel 7% 77 18% 3 2% % 5% 1% 95 60 19 33 126 w w 161% Universal Pictures .1 Mach ..* 8% preferred-.100 ] x w 54 conv pref * White (SS) Dental 20 White Rk Min Spgs- Valvoline Oil comlOO pref.. 100 —.1 Common Common White Sew 78 27% 79% 57% 11% 1% 10% * Taggart Corp 11% 75 27 27 85 5 Sweets Co of Am.50 Swift & Co 25 Swift Internat Ltd— 11% • 8% 1st pref 83% 3% 7% 25 1 1 19% 30% 6% 6 48 Corp common Bleachery Preferred Sutherland Paper.10 Swan Finch Oil—.15 16% 18% 38 18% 30% 5% conv pref. .30 Weyenberg Shoe I Weyerhaeuser Timb* Wheel Steel Corp _* 6% Preferred..100 $5 conv prior pf. * 10% * Silk Mills class A Class B 4 6 18% 37 * A Westvaco Chlorine. * "4% 14 Class 84 * 1.25 preferred—* Studebaker Corp.-l Submarine Signal.25 cum %6 4% 2% 87 2% 72% % 5% 2% 148 5 41 Struthers Wells Titusville com 6% 2 114 140 Union Carb <fc Carb * * Sunray Drug Sunray Oil 11 9 113 * 99 Hirshberg.* com Westinghouse Elec & Mfg com 50 7% 1st part pf. 50 Union . Oil 47 97 6% preferred. .100 7 % preferred- 100 Stromberg Carlson.* 6% preferred-.100 Sun 35% 45 14% 15% 6% (Jnderw Ell Fisher.* Unexcelled Mfg.. 10 Union Bag & Paper Straw b'ge & Clothier Sullivan Macb'y Sundstrand Mach Tool common 35% 13% 15% 5% Webster..* Storklino Furn 10 Strouss 28% Brake common. _* 8% preferred-.100 * * 13 * Stationery Westinghouse Air 5%% prior pref.* Valley Osage Oil. Valspar com 1 $4 conv pref 5 Stone & Stroock & Co * % 7% 3% Univ Leaf Tob 3 Utica Knit Co—100 com__l com Series A pref Series B pref 1 5 1 .25 Coach 105 Western Newspaper Union common. _* Western Tablet & White Motor 33 Common 64 118 Universal-Cyclops Steel Corp— 31% 10% 7 Stix Baer & Fuller. 10 1 6% prior pref. 100 Universal Corp vtc. 1 Universal Cons OillO 24 * Btokely Bros— Conv pref 29% 9% 4% 31% 2% 3% 20th C< nt Fox Film 4 17% 53 % 23% 41 1 46 * 1 * * 58% 65% * Preferred. 100 Utah-Idaho Sugar.5 Preferred 10 3 1 Weston El Instru..* 34 1 29 10 preferred * Western Groc Ltd.* Preferred 100 $3 8 . 32% 75% 2% 7% A 7% preferred..100 Tung-Sol Lamp 1 80c div conv pref * Common Western Dairies 7% . Universal Prod Class . * * Conv preferred 13% 11% 10 Steel Chatillon.-l 94% 4% 100 Western Air Expr. 1 West Auto Supply— 4% 49% 105% 2% Westland Oil 11% _ % 6 3 75 Preferred 12 7% 13 Pap..* Pulp 3% 4% _ 63 % 117% 4 Va 3% 1 1 Stewart-Warner 7 % non-cum pf .25 United Stockyards— Common 1 $1.50 preferred..* 3 3% 72% 64 % 50 * 7% preferred. .100 U S Stores com * Conv 1st pref * U S Sugar Corp * Preferred * U 8 Tobacco * 4% 7% Truscon 6 2% 56% U S Sm Ref & Min50 * Tubize 1 * Trunz Pork Stores.* 8% Feb. 20 Sterling Brewing Sterling, Inc Sterling Products. 10 2 1 Truax-Traer Coal 4% Feb. 3 30 9 4 Delaware _ 3% 6% 1st pref 49 105 United Wall Paper .2 * Triplex Safe Glass.* Triumph Explos 2 Trojan Oil & Gas of 74 10 _ United Stove 1% Williams Forging Trico Products 4 3% 11 4% pf 100 United Stores A Daylight Screen. .1 Transue & W $6 conv pref 9% Lux Picture 1% 7 Vot tr ctfs 5 West Air Line Stiel Stein (A) & Co com * Stetson (JB) Preferred 14% 6% Transwestern Oil .10 r Preferred A 14 6% Trans 33 3% 72% Stern Bros common 32 Transamerica Corp 2 Transcontinental & 4% 30% 2% 40% 38% 32% Steel Co of Can—* • Trane Co... 33 2 6 28 __2 Preferred 9% 4 5 100 Towne % 29% Shipyards._ Shipbuild— Torrington Co * Securities..* 20% 105 1% U S Steel Corp 18% 6% 3% 5 1 preferred 73 Steel Foundry 1 W Va Coal & Coke.* • Imp.* 7% 16 51 1 com 14% 1% 4% 1% 80% 31 Starrett Corp— Common v t C--1 Products 4% Am dep rets ord £1 Am dep rets def._ 133 ctand Steel Spring.5 Preferred Tob Prod Expts— Tobacco Secur Ltd— 24% * pref % U SRubbRecl— _* 3 67 59 * * com conv 12% 12 West Indies Sugar. 1 West Michigan 8 % n-cu 1 st 1% Realty—* 18 Stand Oil (Ohio)..25 drift $4 3 2% Wentworth Mfg_l% Preferred. _• * Wesson Oil & Snow¬ 15% 23% U S Realty & US Rubber 27 6% 48% 19% 103% % 9% 15% Per share Par 46% 31% 23 % $1.50 conv pref.20 U S Postal Meter. .1 U S Print & Litho— Common..__* Preferred 50 US Radiator Bid Stock* 46% 30% U S Playing Oard.10 U S Plywood Corp Common 1 6% preferred—50 _ 26% 45% Stand Oil (Kan).-10 Stand Oil (Ky)_ —10 Stand Oil (Neb)..25 Stand Oil ofN J—25 Stand Tube cl B 16% Tobacco & Allied 1% 12% 27% 11%| 27%* Stand Oil (Cal) ♦ Stand Oil (Ind)—25 13 48 47 Bear.* Stocks, Inc pref.20 conv 16 110 Roll 3 14 140 136 * 7% preferred ..100 Timken 27% 95% 14% 95 Timken-Det Axle. 10 1 Standard Dredging Common 1 $1.60 2% 11% 12% 3 Tilo Roofing com. Time Inc com.. Tishman com US Lines pref * U S Pipe & Fdy..20 4 104 4%% conv pref-* Stand Commercial Tobacco 15 3% 26% Ask Per share % 1% 1% Par 13 5 Thew Shovel 1% 15 Bid Stocks Per share Par Per share for the closing day of the month preceding the date of issue Ask Bid Stocks Ask Bid Par STOCKS MISCELLANEOUS & INDUSTRIAL Quotation* for all securities are as near as possible 4% 13% 5% 15% 3% 1 % Young (Thomas) Nurserie3__ Zenith 106 "3% 1% 8% Radio. Zonite Products 19 1 3% 19% Quotations for all securities possible for the closing day of the month preceding the date of issue are as near as The custom in reporting prices for State and municipal securities is to quote them on the basis of the return the bonds yield per annum. Therefore, furnishing the prices below, it will be found that for the single maturity bond a bid and asked quotation is published—either actual figures or on a percentage basis. In furnishing prices for the serial bonds, however, we endeavor to obtain the yield basis for the varying maturities. For instance, a certain bond matures from 1937 to 1951 and is quoted 0.50 to 3%—would indicate that the 1937 maturity yields 0.50% and the bond due in 1951 yields 3%. Taerefore, in the following list. It must be remembered the word to indicates that the figures shown are the yield basis; all other figures are bid and n asked prices. To or Bid UNITED STATES—See Treasury Ask also pa ge 19. 119.23 4s Dec 15 1944-1954—J&D 115.0 115.8 114.11 114.14 105.1 105.4 106.21 106.23 110.9 3 Ms Mar 15 1946-1956 M&S 3 Hs June 15 1940-1943 J&D 3 Ms Mar 15 1941-1943 M&S 3 Ms June 15 1943-1947 J&D 110.12 107.3 107.5 110.6 110.17 3MsAugl 1941 F&A 3Ms Oct 15 1943-1945.A&O 3 Ms Apr 15 1944-1946.A&0 3 Ms June 15 1946-1949 J&D 3 Ms Dec 15 1949-1952 J&D 110.19 110.9 110.12 110.15 110.7 110.10 Ask b 2.25 to 2.90 refunding 1955-65—J&J b 2.80 to 2.90 J&J 4s refunding 1941-54 3 Ms 119.20 Bid Bonds 1939-1951 Bridge Auth. 4s July 1 1957.. Annistonrefg 5Ms Dec 1 1939 State Bridge Corp 4s Gadsden 6% impt 108.6 106.29 103.31 104.1 107.5 107.8 2Mb Sept 15 1948 M&S 2Ms Dec 15 1949-1953 J&D 2Ms Sept. 15 1950-52.M&S 2s Dec 15 1947-J&D 3s Panama Canal 1961—Q-M 3s Conversions 1946 Q-J 3s Conversions 1947 Q-J U S Treasury Notes— 1M% Mar 15 1939 % June 15 1939 % Sept 15 1939 105.30 106 103.18 103.20 103.21 102.27 102.29 103.23 122 124 110 112 109M 102.1 102.3 102.1 102.3 102.5 102.7 " Dec 15 1939 -/o Mar 15 1940 1M% June 15 1940 1M% Dec 15 1940 102.18 102.20 102.18 102.20 102.26 102.29 102.26 102.30 1% June 151941. ;% Dec 15 1941. !% Mar 15 1942. % Sept 15 1942 103 104.7 j% Mar 15 1941. 102.28 104.9 105.18 105.16 104.17 % Dec 15 1942. 1M% June 151943 1M% Dec 15 1943 102.31 102.28 2.00 % long mat— 104 l06 3 Ms 1939-1977 J&D 1.00 to 3.55 100 102 to Par 102 Pub Imp ref 5s 1939-1962.. 101 3 Ms ser A 1940-1977-J&J 3 Ms ser B Jan 15 *77 J&J 3 Ms 1948-1958 J&D 1.50 101 102 to 3.70 5m 1939-1964 F&A 1939-1945—. J&D 1946-1961 J&D 3 Ms Jan 1 1940-1960— 100 J&D J&D 105 103 105 98 1940-1966--J&J 97 99 98 to 1.50 0.40 to 2.85 0.40 1940-45—M&8 1.00 to 2.25 194042—..J&J 5s 1939-51—J&J15 0.50 to 1.25 0.50 to 2.90 1939-53 J&S *39-'54—M&N 1940-1915 0.50 to 2.90 0.50 to 2.90 0.65 to 1.85 1939-1968--------J&J 0.40 to 2.75 Oakland 5Ms 3.90 to 3.60 1.00 4Ms 4 Ms to 3.60 to 3.00 Oakland S D 4s Orange Co 5s Tuscaloosa— I&J 5s W W 1939-1957 104 Pasadena 106 110 6s ref pub impt '39-'53 M&N t 101 t Co 6s Bridge 1941 b 3.20 to 3.00 % 5s Road 1957 M&S b 4.00 3.60 % Tuscaloosa (City)-—o 103 serial 106 Redlands - 4s Riversid" 5s Riverside Co 5s Sacramento 4s Jan 3s to 1.60 39-46 J&D 0.50 to 1.90 1.75 to 2.90 0.50 to 3.10 31 33 F&A 1.10 to 4Ms Wh & Har *40-'52.J&J 4 Ms Water 1939-1964. ---3 Ms g July 1, 193944 ..J&J San Francisco (City & County) 1.00 to 3.15 1.00 to 3.15 107.21 Tuscumbiarefunding l%to4% 5s School 102.20 104.22 100.15 100.10 Maricopa County— School No. 1 5s 1945.-J&J 106.14 106.18 105.22 105.24 3s July 1 '55 opt '45—J& J 3s Jan 1 '56 opt '46--.J&J 3s May 1"56 opt '46—M&N 105M 105M 105% 107 H 111 M 106 M 106 M 106% 107 H 3MsMay 1*55 opt'45—M&N 4s July 1 '46 opt '44 112 M J& J Commodity Credit Corp— M% notes Nov 2 1939 100.16 100.18 Federal Natl Mtge Assn— 2% notes May 16 '43 opt '39 101.16 101.19 100.10 1M% Jan 3 1944 opt 40 100.8 Reconstruction Finance Corp M% notes July 20 1941 M% Nov 1 1941 M% Jan 15 1942U S Housing Authority— 1M % notes Feb 1 1944 Highway 6s Jan 15 serially Co Ct H'se 4s 1939-48 J&D Phoenix 4 Ms '50 opt '30-J&J 4Mb 1940-1956—4 J&J 6s Jan 1 1946 J&J 5s W W 1940-1950 J&J Phoenix Un H S D 4Mb 1948 Prescott 5s 1948 J&J Tucson 5s Water 1950 J&J . 3.25 % 3.25 % less b 3.50 1 to 2.50 0.50 to 2.80 less ..--.-JW 0.50 to 2.10 San Joaquin Co 5s '39 49. J&J Santa Barbara 5s '4041-JanlO 0.40 to 2.35 0.75 2 b 3.50 less 1 b 3.00 to 1.00 4s Wat Distrib 4s W vt Distrib 2s 1940-1949 3.25 % b 3.25 2.75 % 4Mb gold Aug 1943—F&A Turlock Irrig Dist 6s / West Side Irrig Dist 6s 115M 0.75 to 2.60 % to 2.60 2.60 to 2.70 % 0.50 to 2.00 1939-1943—m&s b 0.60 to 1.50 94 M 94 92 M . — .Jan, '39-'50.M&S 86 92 M 86 M 93 M 93 94 Ref (City and County)— Water 1944-- — - -J&J 4Mb Ref Wat 1939-67.J&D 4Mb Water 1962-1965-J&D 5 D No 1 4Mb 1939-53 J&J S D No 1 4Mb 1939-47-J&D 4s July 1941-1945-——J&J 3.65% March 1, 1950-54— 2 Ms Sew dist 1947-56-A&O 3s 1963-1972 opt 1955-A&0 101M 103 4s Water Rev 1940-76.F&A b 3.65 102 less 1 St Francis Levee Dist— b 3.25 4s 1944 103 M 4s 1958-1960 3.00 105 b 4.20 5 Ms 1955-1965. 4.00 % 1.50 2 Ms CALIFORNIA to 2.40 6 1.00 to 1.50 1940-44.M&S 1940-44.M&S Philip Isls 4 Ms 1952 J&J 6 0.75 to 1.35 6 0.75 to 1.35 110M Univ Bldg Jan5'40-65J&J b 0.50 4Ms Highway 1939-48.J&J30 b 0.40 4 Ms" 1940-1947 F&A b 0.50 4 Ms Olympiad 1939-71—J&J2 b 0.40 4Ms 1940-1952..F&A b 0.50 4s Harb Imp 1985 opt *50.J&J 110 4 Ms Oct 1959 5s April 1955 — 5 Ms Aug 1941 Puerto Rico— 5s July 1954 opt 1943 5s 1950 opt 1944 5s 1948 opt 1943. J&J J&J 4 Ms funding 1963 J&J 4Ms July 1952 J&J 4s gold 1953 -J&J 2 Ms 1940-1946 -J&J 2Ms refunding 1940-49.J&J ill* .5s Jan 2 1941-1943 112 4s Jan 2 1944-1948 112 3 Ms Jan 1 1940-1949 101 M&N 111 111 - 114 Tax-free in Connecticut, % % 2.15 % 2.80 % 2.50 % to to to 1.40 J&J b 0.50 to 2.20 % % % 102 Veterans Welfare— to 2.35 % b 0.50 to 2.25 % b 0.50 to 2.20 112 114 1940-1952-.-—F&A 2Mb Feb 1 1940-1954.F&A 2 Ms Feb 1 1940-1954.F&A Alameda 4s 1939 to 1941-J&D 4Ms Mun Imp '39-'48-A&0 Bakersfield 5s 1939-1952-A&0 Berkeley 5s 1942-1951 J&J 5s School 1940-1955 J&J b 0.50 109M 115M 110M 0.50 to 1.00 0.25 to 2.25 0.50 to 6 2.25 112 2.00 114 3.20 6 3.35 112M 115 6 3.10 2.90 6 0.75 to 2.25 6 0.70 to 2.40 3s Feb East Bay Mun CJtil Dist— 5s 1940-1974 J&J East Contra Costa Irrig Dist 6s 2.80 to 3.20 6 2.90 2.75 Imperial Irrigation District— Refunding 6s 1983 J&J Refunding 5s 1983 to 2.20 I % 2.60 % 1.00 to 2.40 % 0.50 to 2.55 % 0.40 to 3.00 % 98 Golden Gate Bridge & H'way3 Ms series C 1942-1971 .J&J b 1.40 63 57 opt Sewer Disp to 2.00 % % % % 1.10 to 1.70 2.10 to 2.20 % 1.90 to 2.20 % % 2.30 2.20 % 2.35 1.85 J&J J&J J&J 2.25 to 3.35 2.75 to 3.50 3.45 to 3.60 J&J 3.50 to 3.60 % % % % CONNECTICUT Funding and building bonds— lMs 1939-1943 J&D b 0.15 1Mb 1944-1958 J&D b 1.00 0.50 Branford (T) 2s 1940-57-J&D Bridgepo-t— 5s Refunding 1939-48--J&J b 0.50 2 Ms 1 Ms Refunding 1939-47 J&J b 0.35 0.40 1940-1948 J15&D15 Bristol 5Ms Danbury— 3 Ms Fund 1941 tax'le.A&O Darien lMs 1939-1958—A&O East Hartford (Town)— % to 1.70 to 2.10 to 2.00 to 1.70 to 1.70 to 2.15 1.20 to 1.10 0.25 to 1.85 4Mb School 1939-59--M&N b 0.35 1Mb 1939-1945. F&A b 0.35 to 1.50 Fairfield (County)— to 3.10 to 0.85 0.50 1939-1957—J&D 1 Ms 1939 to 1950 Greenwich— 3s 1939-1944 1Mb 1939-1947 2.80 2.40 3 Ms Bridge 6 2.80 2.65 Ac Wator J&D _ b 0.35 to 1.60 % . F&A b 0.20 to 1.00 0.20 to % 1.40 % 0.20 -F&A & „ to 1.60 % _ M&N 1954-55—J&D ICMO-KUQ to 2.25 _ 1Mb 1939-1953 6 2.70 Hartford— Nominal. to 2.25 0.60 1955-A&O 5 MB 1964-1973 5s 1974-1983 3.00 n to 2.40 0.60 '47-'56A&0 1944-1963 5 Ms 1947-1956 6 3.10 / Flat price, to 2.50 2.30 D— 6 2.95 b Basis. 0.60 2.65 J&J2 b 0.90 J&J2 b 1.70 ALABAMA 8 Ms renewal class C 1956.J&J 6 3.00 4 Ms harbor impt June 1'39-'73 6 1.00 4Mb highways 1952 M&S 4Ms 1956 and 1959 M&S 4s renewal July 1,1956 4M« 1942, 1946, 1949-.M&S 4s pub highway 1949-51 .M&S to 2.70 to 2.25 to % 2.30 % to 2,15 % 5 Mb 4 Ms % Water Retire Moffat Tun Imp to 2.50 to 2.40 3 Ms Mun 1963-1972 117M % 1.80 4 Ms Little Rock— 1941-1950-M&N 1Mb '39-'54-J&D 1930-1951— Denver Little Rock S D 4s *39-'55 M&S 6 0.50 93.t 0.75 % 2.40 % 0.25 % 6 0.25 page COLORADO to 2.40 6 2.00 40 2Mb warrants 1952-'54—-J&D 2s Highway ref, 1939-'47.J&D Colorado Springs—- 94 M 94 2.50 % 6 0.50 1.70% refdg 1.75% refdg b 3.75 to 38 warrants 3s Attorney Gen opt 1944— 3s Rose, Hemingway opt 1944 2 Ms 1939-57-J&J 2.10s July 20 1941-1945 Pub Imp b 1.50 2Mb State H'way 101.7 1.50 to 3.05 1939-53 J&D '39-'63 J&D 0.50 95 3s 1949 6 0.50 to 2.55 0.40 97 M 100.20 6 2.00 to 2.80 1939-1977--J&J 4Mb Water 97 5-4s 1961-1967 100.18 to b 3.50 3.75 96 M 96 M 5-4s 1954-1960 5-4s 1968-1977.. 4 Ms Fund 1945 to CANADA—tee 100.21 to 2.50 to 3.00 2.75 0.40 98 M 97 M 101.5 Nov 15'39-'56_M&N15 Imp 4Mb 1953—A&O Oct 1956 opt '46 A&O Nov 15 1939-58—M&N Imp 3.10s '39-'56 M&N b 2.00 I 98 M 100.19 to to 4.10 97 M 97 100.23 Honolulu (City & County)— 5s Pub impt 1956--J&D 15 b 2.80 5s Jan 15 1940-'56—J&J 15 b 2.75 3Ms Sept 15 1940-63.M&S 6 0.75 Hawaii Terr 4Ms '49-M&S 15 6 0.50 less ') 2.00 5-4s 1949-1953 4 M~4s_ 4M-4s 4M-4s PO SESSI ONS to 2.25 0.50 5-4s 1943-1948 Hot Springs 4Ms S 0.50 5s Water b 3.15 3.35 ARIANSAS 100.21 — 1940-1966 1940-1969----J&J 4Mb Water *57 '58, '59-J&J 4Mb 1939-1951.- —---J&J ARIZONA 100.8 1M % int & prin guar 1939— 100.24 100.26 Federal Land Bank — Farm Loan Bonds 0.40 1939-44--J&J to 3.70 San Diego 5s W W '43-'54A&0 5s Water 1939-63 -J&J 107.23 * to 1.60 Modesto Irrig Dist 6s 3.90 Sacram'to Co 4Ms 108.12 5s Feb 1952. to 3.50 0.40 to 3.50 102 107.20 4 Ms 1950 4 Ms 1957 b 2.50 1939-1943-F&A Mun Imp *39-'43-F&A 1939-1965 F&A 3.60 2.00 2.95 103 100 108.8 Pub to 101 99 3 % int & prin guar 1944-'49. 3 % int & prin guar 1942-'472 M % int & prin guar '42-'47 Pub to 3.10 '40-'49—F&A 1.00 100 102.17 4Ms 4Ms to 3.25 1.00 Metropolitan Water District of Southern Cilifornla— Colorado River Waterworks ref 4s 1946-1986 F&A 100 95 to 2.40 2.50 Los Ang Oo4Ms Montgomery— 4Ms Sanitary Sewer Jan 1*44 Montgomery Co 4Mb 1957-59 6s Road 1951. J&J Morgan Co 5s road 1952.F&A Selma (Citv) 5s-6s 1939-19552Ms 1940-1952 :J&J to 3.35 0.50 — - 111 to 0.50 4s 74 103 4Ms June 1 1939-1948 5s School May 1 1945 5 Ms 3.00 4 Ms 102.20 4 Ms to 3.40 4 Ms 4s._ 102.17 4 Ms Jan to 0.75 4s 72 M Mobile Co— funding to 2.25 2.50 2s 1939-1942 3s 1943-1949 to 3.10 Mobile City— Refunding 2-5s Jan. 1 1966. 1.00 A&O A&O Los Angeles City High Sch Dis 5 Ms Nov 1939-1960--M&N Jefferson County— 4Mb Ct House 1939-43 M&N b 2.25 4Mb Ref 1939-1961—A&O b 2.00 99 M 100M 2.90 to 3.25 101.19 102.13 U to 3.60 101.21 '44-'52 107.19 '39-*49 102.18 '42-'44 104.20 1939— 100.13 1 1939 & to 3.10 1.00 101.19 2s Apr 1 1943 Federal Farm Mtge Corp— 3 M % int & prin guar '44-'64 TERRITORIES 1.00 Electric Plant Revenue— 39 Federal Home Loan Banks— 1 % series E July 2s Dec 1940 to 2.90 101.17 Home Owners' Loan Corp— 3% prin & int guar 2 M % prin & int guar 2M % prin & int guar lM%prin & int guar to 3.40 0.75 Ref 4s 1939 to 1975. J&D 3.00 % Tuscaloosa 104.19 to 3.35 0.75 1939-1940.-A&O schools 5s 100.2 ~ % % 3.75 %, Hunstville 5s funding Mar 1 '42 4 Ms 1939-19o8 Gen fund 4 Ms 1941-66 111 M to 3.40 to 3.85 105.23 2Ms Dec 15 1960-1965 J&D 2 Ms Dec 15 1945 J&D 1.00 0.50 2.00 106.28 104 to 3.35 A&O 1941 M&S 4 Ms 1939-1960 5s sewers Sept 20 108.3 104.16 0.50 to 105.20 105.14 1939-1968 J&J 1940-1969 M&S Municipal 1939-61 -F&A 2.00 Florence refunding 1% to4%_ 103.31 to 2.35 to 2.25 A&O 109.25 105.11 95 0.50 5s 1939-1961 to 1.25 0.50 5 Ms Harb Imp '39-'61 M&N 3 Ms Wat Rev '39-'48..J&J 3 Ms Sch Dist 1940-61.-J&J 108.15 104.14 0.50 4 Ms Water 1939-1970-A&O 4 Ms Sch 1939 -1944—J&D to 3.60 108.12 2 Ms June 151958-1963 J&D % to 3.30 109.22 2 Ms Mar 15 1948-1951 M&S 2 Ms June 15 1951-1954 J&D 2 Ms Sept 15 1956-1959 M&S 90 to 3.30 to 3.25 4 Ms 4 Ms to 4.00 Net to 3.15 2.95 2.25 J&D _ 3s Sept i03M 1.00 2.90 3 Ms Water wks 1952-75— 3 Ms Water 1939-41--A&O 3.00 4s Ask 2Mb WatWks 1956-76 M&N 102 M 104 Birmingham— 3 Ms impt ref 1939-50—J&J 3 Ms Imp ref 1942-1958 A&O 15 1951-1955—M&S 2Mb Mar 15 1955-1960 M&S 2 Ms Sept 15 1945-1947 M&S 3s June 15 1946-1948. Los Angeles (City)— 4s 1940-1962.: Bessemer— New ref various coupons— Bid Bonds Net 103 5s schools 1939-1947—J&J b 2.00 To or To or Net Bonds— 4Ms Oct 15 1947-1952-A&0 Yield Basis Yield Basis Yield basis Bonds »»-*-«■ b 1.65 to 1.70 0.25 to 1.75 MUNICIPAL AND STATE 93 Akershus Hartford County— 0.25 to 2.25 0.40 to 2.25 2 50 2 25 2.35 2.25 0.50 to 1.50 1 1 Manchester— *4 Ms 1939-1944 M&N 0.35 Meriden lMs 1939-48 J&D Middlesex County— 1 Ms Bdge 1939-1955.M&N b 0.25 . to 1.45 % % 1.70 % to 1.75 J&J 1940-52_F&A b 0.50 to 2.00 0.50 4Mb Imp 193 9-1952--M&N 4Ms Funding 1939-'48-J&D b 0.50 0.20 ' lMs 1939-48J&D15 to 2.00 ♦4 Ms School New Haven— % to 1.80 1 to 1.45 % New London— 1.80 4 Ms Water ref 1950—-F&A Norwalk (City)— Ms Sewer 1940-1968-M&S A&O 0.35 1.65 to 3.15 0.40 to 2.05 b 0.25 to 2.75 b 0.35 to 2.25 1939-1971 (T) 4Ms 1942..J&D Norwich 4 Ms 1939-1965.M&S 2Ms 1940-1959-——J2&J2 2s P I Fund 1940-59---J&J Ridgefield (High School)— lMs 1940-1963—---J15&J Stamford (C) 4s 1942—-M&N 2Ms 1939-1961 ——M&N to 3.00 b 0.35 to 2.00 b 0.50 to 2.25 b 0.25 to 2.60 0.35 t 1%00 % 0.25 0.25 % to 1.90 % to 2.50 % 0 50 to 3.15 0.25 to 1.50 0.60 to 2.40 0.25 to 2.40 0.50 2s Relief 1940-1944—M&N to 1.75 4Ms Mar 15 1940-49..M&S b 0.50 West Haven (School Dist) ♦4Ms 1939-1956 M&N b 0.25 Windham (Township)— 4s 1940-1952. _J&J b 0.50 to 2.25 to 2.00 to 1.75 1.75 1948-1957 to 1.85 to 1.60 1.80 to 2.10 0.25 to 2.00 1.60 to 0.25 to 1.10 0.50 to 1.60 1.70 16 95% 77 77% 100 95% 15 107 External s f 6s 1955 110 115M J&J J&D f 7s 1955 s 108 107 Belg Govt extl 6Ms 1949 M&S 116 19 A&O 20 18 J&D 14 % 12 v f / / / / - 1 M&S 3 18M 15M 32 32 26 3% 3% 3% H 3% 6 14% 16 11 12 11% 11M 12 12 6 6 6 . Dade Co 5s Oct 1947-54.A&O Ref 3 Ms 1940-1947.. -M&S 109 113 100 103 Brisbane 30-yr 99 Refunding 4s 1939-67-M&S Duval Co Road 5s 1955--A&0 119 Duval Co School District No. 1 5s 1939-1955..- A&O b 1.50 Escambia Co 6s Aug 15 1951. 101 3.75 116 Ms July 1939-40- b 1.50 to 2.50 to 4.00 69 _ Water & Light 5Ms 1940-50 106 Leon County 5s July 1 1939-40 b 2.00 5s July 1 1941-55 b 2.75 Marion Co Road 6s Feb 1 '52. 10/ ^Road bonds 5s July 11952— 104 Miami— Refunding 5s Jan 1 1964— 105 109 to 2.50 3.00 112 to 2.50 110 8 • 8 8 8 8 7 7 17M 2.25 to 3.75 3.25 to to 3.90 103 b 3.25 (City of) 5s_. Pensacola 4Ms ref 1941 103 &J 5s 1958-.---.109 J&J Pinellas Co ref highway 97 Polk County 5s July 1 1939-40 b 2.50 St Augustine 5-4s stam'd 1955 67 New refunding 3-5s 62 — . 5s 1946 __ M&S Petersburg— Refunding 3-5s Oct 1 1972 Refunding 2-5s 2.75 106 112 99 to 3.25 15M 21 14 10M 1960 11 6s assented 1962 s f 6s 1963 10M 14 10 % 52 FOREIGN GOVERNMENTS AND CITIES 27 32 14 J '10% ' M&N 6% assented 1963. Chili Mtge Bk 6 Ms *57 J&D31 6 Ms assented 1957 S f gu 6Ms Jne 30*61. J&D31 6 Ms assented 1961 S f gu 6s 1961 A&O - 32 6s assented 6s 1962. 6s assented 30 6% notes 1931 32 6s stamped 1931 — 1961 M&N / . / -J&D / / 1962 28 32 b Basis. / Flat price, k Last sale, 14 10M Extl Agricul Mtge Bk (Colombia) 6s 1947 F&A / 26 M Certificates of deposit f 24 6s 1948 A&O / 26 M Certificates of deposit / 24 7s 1946-A&O / 26 M Certificates of deposit / 24 7s 1947 J&J / 26 M Certificates of deposit •/ 24 14 6s assented Sept. 1961 Ext] Ryref 6s Jan 1961-J&J 6s assented Jan 1961 Extl sf 6s 1962 M&S n 80 95 % 98 M F&A 92% 95M 1953 Danzig Port & Wat Ways Bd Extl f 40M 6Ms 1952—.J&J / 35 Denmark ext 6s 1942 104 J&J 103 M Ext'l 100 M 5Ms 1955 F&A 100M Trust rets 4 Ms 1962 A&O 15 93% 93% Denmark Mtge Bk—See Mtge Bank of Deutsche Bank (see Ind Bds) 72 Dominican Rep 5 Ms '42.M&S 71M 2d Series 1942 72 71M 5Ms Cust Adm 1940—A&O 72 71M 71% 2nd ser 5Ms 1940—_A&0 Customs Administrations— 72 5Ms of '22 ext 1961.— 71M 2d series 1961 72 71M 75 5Ms of '26 ext 1st ser 1969 71M 75 71M 5 Ms of '26 ext 2d ser 1969 Dresden (Ger) ext 7s *45 M&N / 19 23 Duesseldorf 7s to 1945 / 18 Duisburg 7s to 1945 / 18 El Salvador (Rep)—8sA'48 J& Certificates of deposit 16 15 Estonia (Rep of) 7s, 1967 J&J 100 Finland (Repub) 6s '45.M&S 106 M Frankfurt-on-Main (Germ)— 7s 1938 A&O / 25M 7s 1940 A&O / 19M 7s 1941-1945 A&O / 18M Extl s f 6Ms 1953 20 M&N / 18 French Government— 7s ext of 1949 stamped-J&D 115M 118M 7s plain 1949 103 % 7Ms ext 1941 stamped J&D 108M l09 7 Ms plain 1941 103 % German Conversion Offer— Funding 3s 1946 33 / 32 M German Cons Munic 7s'47 F&A / 18 19% Cons munic 6s 1947—J&D / 18 20 s _ _ Govt Internal— 5Ms loan of 1965 J&D / 20 5Ms unstamped 1965 / 16 Stpd (Canadian holder)'65/ German Extl 7s *49 stamp A&O f 25 7s unstamped 1949 / 18 M Default coups July-Dec'33_ / 56 Jan to June 1934 / 36 July 1934 to Dec 1936— / 24 Jan to Dec. 1937 / 24 Jan .-Oct. 1938 / 23 Scrip / 5% Dawes coups Dec 1934 stpd / 6M Apr. 15'35 to Apr. 15'38-_ / 13 Young coupons Dec' 1'35 stp / 8M June 1 '35 to June 1 '38— / 10 German Prov & Comm Bks s'58 J&D / s'54M&N / 30 25 M 29 Nominal 20% 19 25% 19 25 17 25% 28 M 33% 22 28 See British s f 7s 1964—M&N 7s part paid 1964 M&N / ' 30 Sink fund 6s 1968 F&A 6s part paid 1968 F&A Guatemala 8s 1948 M&N Haiti (Rep) 6s extl 1952.A&0 6s 1953- Gold 25 11% 15% 11 6s assented 1960 Extl sf 6s Feb 1961 —-F&A 6s assented Feb 1961 Extl sf 6s Sept. 1961.-M&S f 6s 32 23 M 6s series B 1951 A&O / 23 M Chilean Cons Municipal LoanExtl s f 7s 1960 ser A_ _M&S s 70 —M&N A&O 24 M 27% 18M 20 30 35 73 68 76 M 75 16M 19 Hamburg (State of) Germany 108 % 5s 1955 3M 24 M 105 4.00 % 5Ms Greek Govt (Rep) ext 7s 1942.M&N 7% assented 1942 100 Ext s f 8s 1952 ser B—A&O Danish Cons Municipal Loan 20 1M Chili 68 - 13 11 _ 14 M 103 19M 20 J&D A&O 99 20 10 7s 1948 Extl 50 Connecticut, % 72 65 to 4.00 28% 15M 12% sec 107 66 28 14M 105 Suwanee Co Road 5 Ms 1946-. b 4.25 Tampa— 5s June 1955 opt *25 98 J&J 5s W W Purch *39-72.F&A b 2.50 4Ms Impt 1937 101 J&J M&S 16 6s Oct coupon on I960.— f 6s A int ctfs 1938—A&015 f Central Bank of Germany 6s A 1952 —F&A / 105 to 53% 41% 21 7 _ to 3.90 4s 1961 52 29% 25% / 21 6s July coupon on I960Farm loan 6s 1960—A&O15 / 25 % to 3.65 b 3.50 51 % 53 M 50 „ German 51M Farm loan 7s 1950—M&S15 / Farm loan 6s 1960 J&J15 f 105 to 3.25 b 3.75 70 49% Certificates of deposit. Ceara (Brazil) 8s 1947---J&D Cent Agricul Bank (Germany) 91 b 3.75 80 55 M 45 12 _ 103 62 62 Extl 3.75 b 3.50 10% 78 78 7Ms 1946 A&O Certificates of deposit... Orlando— Refunding 4s 1940-62.F&A Orange County 5s 1944--J&J 5s 1952-1953 J&J 5 Ms 1945 1950. M&S 6s 1940-1950 92 M 100 51 " 97 88 / / / / Callao (Peru) 7 Ms 1944--J&J Carlsbad (City) s f 8s '54.J&J Cauca Val (Dept of) Colombia to 1.50 102 10 55 Cali(Colombians f 7s '47-M&N / 107 96 97 M 101M 55 Certificates of deposit 2.00 Ref 3-4 M-6s Jan 1 1964 98 7 ~ to 3.85 95 101 Extl s f 4s S bonds 1984.J&J Bulgaria (Kingdom)— Sec s f 7s 1967 J&J / 22 M Stabil loan 7 Ms 1968-M&N / 22 M Caldas Exts f 7Ms 1946—J&J 14M 101 71 Miami Beach— 5Ms 1939 M&N 5Ms 1940-1950 M&N Ref 4Ms non-opt 1947-56— New Smyrna— 99 90M Victory 4s due 1976 Brit Hungarian Bk 7Ms 1962. Bud'pest(City)6sJ'n'35coup'62 Buenos Aires (Prov)6s'61 M&S 6s stamped 1961 7s stamped 1952 7 Ms stamped 1947 6 Ms stamped 1961 Scrip Readjust 4M-4Ms '77.M&S Refsf4M-4Ms '76-.-F&A Extl re-adj4M-4Ms '76A&0 Ext re-adi 4M-4Ms'75M&N 121 to 95% s War Loan 3 Ms of 1932 101 to 94 F&A f 6s 1950 J&D British 4s 1990 opt '60---M&N b 2.75 5Ms July 1941-1975 Hillsborough Co 5s Oct 1 1943 103 106 Hillsborough Sch Dist No 4— Jacksonville— 5s Jan 15 1940-45-.J&J 15 b 1.50 5Ms Jan 15 1940-45.J&J 15 b 2.00 99 Refunding 2.60s Jan 1 1957 _ M&S 5s of 1957 s r Sf 5s 1958 20-year 2)— refunding (City) Australia— 35 Hukuang Rys 5s£__J&D 15 / 14% 29 2M-5s 1954. / 24 Cologne Germ'y 6Ms'50-M&S/18 19M 23 Colombia Rep 6s 1961—J&J / 22% 27 Certificates of deposit / 19 M 6s Oct 1961— 22 M A&O / 22% 27 Certificates of deposit / 19 M 53 Funding 4s Jan 1 1946 / 50 Colombia Mtge Bk— 26 M 20-yr s f 6 Ms 1947 A&C f 25% 32 Certificates of deposit / 24 27 Sinkfd 7s (of 1926) '46 M&N / 25 % 32 Certificates of deposit / 24 Sinkfd 7s (of 1927) r47 F&A / 25% "32" Certificates of deposit / 24 94 M Copenhagen 5s June 1 '52 J&D 94 M Extl g 4 Ms 1953 92 M M&N 91M Cordoba (City)— Extl s f 7s 1957. 44% F&A / 42 7s stamped 1957 55 / 45 7s stamped 1937 57 / 54 Cordoba (Prov) Argentina— 77 79 Extl s f 7s 1942 J&J Costa Rica (Republic)— Ext sec s f 7s 1951 32% / 30 21 Funding 5s 1951 M&N f 19 Costa Rica Pac Ry 7 Ms 1949 / 28 5s 1949 "22" _/ 20 Cuba (Rep) 5s 1944 M&S 100% Extl g 4 Ms '49 opt F&A 101M "162" Extl 4 Ms 1977 55 % 56 J&D Extl g 5s 1949. 105 F&A 103% Extl s f 5Ms *53 103 % J&J 15 103 5 Ms Pub Wks June 30*45J&D / 68 M 72 Cundinamarca Dep (Colombia) Extl s f 6 Ms 1959 14% M&N / 13% 18 Certificates of deposit... / 11 Czechoslovak Republic— Ext s f 8s 1951 ser A..A&O 77 70 16M 28 4 -A&O Ask Chinese Government— 20 15% 26M 24 26M 24 3 ~ Bid Bonds — 21 " Dade Count.v (School No 16 12M 15 — 65 in 12M . 6 4Ms of 1888. 6 4s of 1900 5M 4s of 1910 5M 4s of 1889 16 M Funding 5s 1931-1951 / 33 Funding scrip remen (State) 7s 1935--M&S / 22 17M 6s 1940 121 free 12 16 — 63 Tax 95 M 13 4 Ms of 1883 117 * 17 100M 99% Bavarian Palatinate 7s 1945— to 2.05 Columbia Co Road 6s 1955_. Coral Gables— New refunding 2M-5s 1977- Ref 4s 1943-1965 17 12% 83 19 26 % 7s 1948 -—A&O f 26% Barrauquiila 8s 1935-40-46-48 / 24 Bavaria (Ger'y) 6 Ms '45.F&A / 20 to 2.15 60 West Palm Beach— 13 Bank of Colombia 7s '47.A&0 / 0.25 55 „ 17 91% 86 % 100 J&J -J&J 17 12% 78 S f extl loan 4s Apr '72 A&O 2% Treasury notes 1948 Australia (Commonwealth)— Extl 5s July 15 1955.J&J15 Extl 5s 1957 M&S Extl 4Mb 1956 M&N Austrian Govt 7s 1957 Baden extl s f 7s 1951 13 91% 86 M 76 % 77 f extl loan 1948-M&N J&D 7s Cent Ry elec 1952—J&D Extlsf6Ms (1926) '57-A&0 Extls f 6Ms (1927) '57.A&0 FLORIDA Road 5Ms 1944 s 0.25 Brevard County School Tax Districts No. 4 6s 1939-55— St Johns Co Road 4Ms / 32 95M 5s of 1895 5s of 1913. A&O _■ 8s 1946 to 1.50 A&O 4sl942-1948 . Antwerp (City) extl 5s '58 J&D Argentine Repub— to 1.90 ..-.A&O 6s 1947-1949 4s 1939-1941 Certificates of deposit 1.60 1939-1944.-.....J&J Sussex Co 5m 1940-1970.--J&J 4MB 1939-1953 A&O Wilmington 4MsBldg—Con'53-'62 M&S 4Mb 1939-1958 (s-a)..A&0 o Certificates of deposit s f 7s 1957 3d ser.A&O 0.25 5Ms St Certificates of deposit— Extl s f 7s 1957 2d ser.A&O Extl sf 7s 1969 6s 1940 Brazil 8% ex 1941 New Castle Co „ Certificates of deposit Extl 8 f 7s 1957 1st ser_ A&O Bogota (City) extl 8s '45-A&0 Certificates of deposit Extl s f 6 Ms 1947 A&O Bogota (Mtge Bk) 7s May '47 Certificates of deposit.. 7s Oct 1947 A&O Certificates of deposit Bolivia (Rep) Ext 8s '47 M&N Extl 7s 1958 -J&J to 1.80 0.25 1.60 1939-1947 1958-1966 Kent Co 4 Ms 1945-1950.M&S Palm Beach Certificates of deposit 8 f 7s ser D 1945—J&J Extl Berlin 6 Ms 1950. 6s Juno 15 1958— DELAWARE new A 1945 Certificates of deposit Extl s f 7s ser O 1945 J&J Extl West Hartford 4Ms 1943 J&D Lakeland ser " Suffield 1Mb 1940-59 J&J Torrington 2 Ms 1939-'57 A&O Water bury— 5s Water 1939-1971 —-M&N 5s Funding 1939-1943-M&N 4 Ms Sewer 1940-1955.-J&J 3s Street 1940-1955—F&A o 9M 12M 9M 12 M 9M 12M 9M 11M 8M 11M 8M 11M 8M f 7s s _ to 3.00 (Town)— *4 Ms Sch 1939-1965 M&N Gainesville Certificates of deposit s f 7s ser B 1945-.J&J Extl _ Stamford 2Mb April 1 2Mb April 1 2Mb April 1 J&J 12 M Extl 94% 18 s f conv 4Ms '71-M&N S f extl loan 4s Feb '72 F&A to 3.15 3 Ms Sewer 1947-70-J&D15 2s Incinerator 1940-59J&.T15 Norwalk . f Antioquia Col (Dept of)— Extl 0.50 3 Ms M&S Ask 93 M Extl — 4 (Dept of) 4s '68 M&S Anhalt 7s to 1946 Metropolitan District 2$*s Wat Sup '3977M&N 2 Ms 1940-1978 J&J Hartford (School District) *4Ms Northeast 1959.J&D *3 Ms South Sept 1955-M&S New Britain (Co)— 4s Munic Bldg 1948 Bid Bonds Net Ask or or To or Bid Yield Basis Yield Basis Yield Basis Bonds BONDS possible for the closing day of the month preceding the date of issue Quotations for all securities are as near as 14 10 % 12 M 9% 12M 9% 12M 10M 10M 15% 12% 15% 12% 15% 12% 15% 12% 15% 12% 15% 12% 14% 12% 16% 6s 1946 A&O Hanover (City) Germany 7s'39 Hanover (Prov) Germany— 6s 1st series 1957 F&A 6 Ms 2nd series 1949 F&A Havana—1st 6s 1939 Q-J 2d 6s Q-J Heidelberg (Germ) 7Ms'50J^ Hellenic Republic (Greek) Sec Wat Wks ext 8s 1952 19 15 18 22 90 95 90 95 14 16 / 53 Helsingfors (City) Finland— Extl s f 6Ms 1960 A&O Hessen. See Munich Bank Hungarian Cons Munic Loan s f g 7 Ms 1945 -J&J Extl s f 7s Sept 1946—J&J Hungarian Land Mtg Instit'n Mtg 7Ms 1961 ser A__M&N 103 M 8% 8% 10 8 11% 8M Hungary Ext at 29 25% Irish Free State 5s 1960-M&N 10 13M 12 Italy (Kingd) extl 7s *51.J&D Prestito Redimibile 3 Ms Specified Unspecified 17 14 9% 10 37 % 27 108 Ital Cred Consortium for 12 7% 104% 15 11% 14% Pub wks ext 7s B'47 M&S Pub Util Credit s f 7s'52J&J 65M 68 25 M 27 M 18% 19M 65% 68 49 51 \ March, 1939] STATE MUNICIPAL AND Quotations for all securities are as near as Basis Yield Basis s f F&A 78 k 56% 54 79k 58 k 55 k 50 Oriental Dev Co 6s'53_M&S Orient Dev Co 5ks'58M&N Jugoslavia—See Mtge Bank of 52 Extl sf 7s 1961 Extl 12k 6s 1947... Herbs Croats & Slov (King of) Extl 8s 1962— M&N / 14k Extl 7s 1962 ser B—M&N / 18 11% 9k 13 18 73 77 76 79 Silesia (Prov) Poland— / Extl s f 7s 1958—_—J&D / , ... k 27 24 k — ... S 1 1 50 % 7% TVs 45 45 55 15k 52k 95 k 33 52 53 — 40 41k 38 39 41k — - - - ... ... 4ks 1942 and 1967—.F&A Verdun deb 5s 1954... Winnipeg, Man 5s 1944.. A&O (American Dollar Quotations) 99 k Dominion of Canada— Is (lk-yr) 1939 99 k 100 102 104 104k 103 k 102 k 104 k 106 105 k 102 k 2ks Jan 15 1944 8-yr 2ks 1943--7-yr 2ks 1944 10-yr 2ks 1945 101 101k 102 8f5Hs 1950 -A&O Norway ext 6s 1943 F&A External s f 6s 1944—F&A 4ks extl sk fd 1956—M&S 4Ha extl sk fd 1965—A&O 8k fd extl 4s 1963 F&A Norway Municipalities Bank Guar s f 5s 1970 J&D Nuremburg extl 6s 1952.F&A Oldenburg (Free State) 7s 1945 J&D 1% notes 1941.......M&S 2s 6-year 1944 J&D !02k 18 r , 20 19 Jap Govt 100 k Oslo s f extl 4ks 1955—A&O Panama (City) 6ks 1952—— / 31 102 Panama (Rep)extf> ks'53 J&D Oriental Devel—See s f 5s 1963 M&N Stamped ——-— / 5% scrip ——..... / Panama (National Bank)— 6ks series A & B 1946-47— / 6 ks series O & D6ks *48-'49 / Parana (State) Brazil 7s 1958. Pernambuco (State olt Brazil Extl s f 7s 1947 M&S / Peru sec s f 7s 1959——M&S/ Nat Loan extl 6s 1960-J&D / Extl s f 6s 1961. A&O/ Poland (Rep of) 6s 1940-A&O Stab'n 1 s f 7s 1947-A&O 15 / Extl s f 8s 1950 J&J / 4ks assented 1958. A&O 4ks assented 1968 A&O Dollar funding 3s 1956-A&O / Coupons 1936-1937.. / Porto Alegre (City) Brazil— Sinking fund 8s 1961 —J&D / 8 f 40-yr 7ks 1966.—J&J / 7s 1968 F&A Prague (Greater) City—, 7ks loan of 1932-52--M&N loan of 1932-52. Prussia 6ks 1951—M&S 15 Extl ... 101 102k 55 57 49 k 38 50 42 15-yr 4ks 1940 Refunding 4ks A&O 9 &y* 31k 29 k r — - . ... ... ... . - - 100 ... 93 k 100 k look 103k 103 k 104 k 108 k 110k 104k 112k 108 k l!2k 110k 10k !0k Hi 63 67 18k 18 11 21 19 105 k 104 ^k (State Brazil ext s f 8s P 7% f Ilk 9 ""8k 58 19 20 k 15 4#s 1940-1951 62 24 4ks June 1, 1971 4s May 1,1944 ... — ... . -i . ... . - ... ... ... ... 67 k k k / 24k 64 64 60 60 60 60 5ks 1939 ...M&N 5 f deb 5ks 1950. M&N S f deb Ska 1952 J&J Debenture 5s 1960 J&J 4ks 1955 M&S 4ksl960 A&O 4ks non call 195S-M&N 15 4ks s f Apr 15.1961 A&015 Sfdeb3ksl948. A&O 3ks s f deb 1946 J&J 9* 8k _ 16 88 ctfs of deposit 1948— /—Santa Oatharina (Brazil)— 8s 1947 F&A / 11 San Paulo (Brazil) State of— 10* in 12 12 k 80 67 k I 57k 105 k 105 k 102 89 k 99 ... ... ... ... 83 83 83 — ... 89 84 102k 102 k —. . _ _ _ 101 101k grams of pure — 125 to 119 to 112 110 98 97 96k 98 111 99k 98 k 112k 112k 106 107 k 97 111 78 81 70 73 73 70 68 65 68 65 62 k 102 105 115 100k 105 107 109 105 99 97k 108 loo 90 96 95 92 93 98 §6k 88k 97 95 82 90 101 104 97 k 95 99k 97 96 93 91 to 2.00 % 2.10 % to 3-75 6 2.15 % 2.00 %■ 1.25 %■ 6 1.75 i Road 4ks 1939-1949-F&A 1.25 to 2.35 % Clarke Co 5s 1940-1944---J&J 1.25 to 2.25 % 1.25 to 2.20 % Columbus—5s 1939-1944.J&J Crisp Co— 3.00 to 3.50 % Hydro-elec 5s '40-*57_F&A 1.25 to 2.75 Dougherty Co 5s *39-'48 M&S Macon 4s Pav & Sew 1939J&J 1.25 Muscogee County Road 4ks 1939-1956—A&O 6 1.50 to 2.50 Pulaski Co 5s 1939-1948..J&J 6 2.25 to 3.00 70 1.75 Savannah—4ks ref 1943-J&J 4ks Drainage 1944 F&A 2.00 4ks Refunding 1959--F&A 6 2.60 2.50 % 2ks 1943-1967 J&D15 Spalding Co—5s '40-*49—J&J 6 1.75 6 1.25 to 2.35 to 2.75 vp to 4.0Q % % 2.75 % to 2.25 to 105 105 IDAHO 4 ks Impt 1939-47 opt '30 6 0.75 % less 4ks Ref 1939 —.A&O 6 0.75 % less 4ksref 1940-1945 A&O 6 1.00 to 1.25 Boise City 4ks 1951 J&J 3.25 ILLINOIS 0.25 to 1.00 % 4ks Serv Comp *39-'43.Aug 1 0.25 to 1.10 % 4ks Serv Comp '39-'43.Aug 1 0.25 to 1.15 % 4ks Serv Comp *39-'44_Aug 1 4s Highway 1939-1943 -May 1 0.25 to 1.00 s 48 Highway 1945-1954.-M&S 1.50 to 1.85 % 4s Highway 1955-1958..M&N 1.90 to 2.00 % 3ks Emerg Rel *39-'47 Dec 15 0.25 to 1.60 % 3 ks Emerg Ref '48-*54 Dec 15 1.65 to 1.85 % Water 1939-1961 opt 1952 M&S Champaign County— 6s Road 1939-1943—M&N Chicago— 3s 1941-1944. 3s 1945-1948 — 3s 1957 opt 1940 3s 1957 opt 1941-1942—. 3s 1956 opt 1945-1949 Water Works System— 114 114 113k 107 108 108 105 k 109 k 107 105k 107 100 to 1.75 to 1.60 3.00 % 99 118k 109k — --- . .. — 1.00 6 1.25 to 1.60 6 2.25 to 2.40 k Last sale, % % 2.60 2.60 1.00 2.20 2.25 2.50 6 0 40 6 1.75 to 2.15 6 2.25 3ks 1955opt 1946 4ks 1954 opt 1944 Chicago Park District—• 3ks 1956 opt 1946...... 4s 1955 opt 1939..— 4s 1955 opt 1940-'44 4s 1955 opt 1945-*47 4s 1955 opt 1948-'55 Sanitary District— 4s 1955 opt 1940-'44 4s 1955 opt 1945-'47 4s 1955 opt 1948-*54 / Flat price, % % to 2 10 % 3ks 1951 opt 1940 3ks 1952 opt 1945 3ks 1953 opt 1946 3ks 1955 opt 1951 Board of Education— 3s 1957 opt 1941-1943... 3s 1957 opt 1945-1947... k "30" 6 Basis to to 2 30 6 1.40 to 2.00 % b 2.30 to 2.40 % to 160 4ks 1954 111 112 6 1.75 6 0.75 6 0-85 6 1.75 ... 4s 1945-1948 4s 1949-1950... 101k 111k gold 119 111 to J&J 6 1.25 to 2.45 J&J 6 1.25 to 2.45 6 1.25 to 2.45 % 1.90 % Augusta—4k8 Flood'42 M&N 6 2.00 Bibb Co 4ks 1948-49—M&N 6 2.50 2.40 % Chatham County 4s 1940-1944 — t Quotations per 100 gold rouble bond, equivalent to 77.4234 102 101 101 109 k 3s ctfs Aug 11954 2ksctfs Feb 151958-59 120 98 101 109 Ref 2ks 1939-1967---J&D 4ks 100 k 100 k 111 116k 116 Bloomington— 106 104 93 99 3s s f deb 1941 102 J&J North Vancouver 5s '60.-J&J f 27 Nova Scotia (Prov)— Deb 5s I960-— M&S 116k Deb 4ks Sept 15*52 M&S15 108 k Deb 4ks 1960 -M&N 15 110k 8k 8k 19k 66 60 60 New Brunswick— 17 to" 107 Swainsboro 6s 1939-50--A&O 6 2.75 Valdosta 5s 1940-1942 Jan 6 1.25 Ware Co 5s Road 1939-49 J&J 6 1.25 Watkins S D 6s 1939-50.M&N 100 Woodbury 6s 1939-1949.J&D 100 99 97 96 100 to 102 108 108 5s Water 1940-1951 4ks 1939-1956. „ ... 64 98 k 98 k 100 k 100 k J&D M&N 101 104 € - 101 3ks refdg May, 1939-M&N Metrop Co 4ks '53,'54&'61 4ks May 1, 1965 M&N Harbor Commissioners— 5s Nov 1, 1969 M&N _ 17 18 A&O 15 Athens—4ksJune 30 1943.. Atlanta—4ks Jan 11940-J&J . f 35 6k 6k 8% external loan 1936-J&J Extl 8s 1950 J&J Extl 7s 1956 M&S Extl s f 6s of 1928.1968 J&J Sec s f 7s 1940 A&O Santa Fe (Prov) 7s 1942.M&S 48 Stamped 1942- 1—J&J 112k Id11 b 3.25 Road 5s 1949-1953- ... . 33 H 20 8 . 110k 65 k 65 k A&O 62 J&J 62 ...A&O 15 62 —A&O 58 k 4ks Jan 15.1942...J&J 15 Deb 4 ks 1956 58 k A&O 58 k 4ks Jan 15.1957— J&J 4ks July 16, 1958 58k J&J 4ks Apr 1, 1961 A&O / 58k 4 ks June 1, 1967 58k J&D 55 Debenture 4s 1954 J&D Brit Col (Prov) 5s '48—J&J 15 102 5s Apr 25, 1954 102 A&O 25 100 4ks 1939-1946 J&D 29 4 ks 1947-1956 97 k J&D 29 97 k 4 ks s f deb Jan 23 '69 J&J23 80 Calgary 5s July 1,1945 J&J Edmonton (O) 5s *45&'50A&0 80 5s sf 1955 & 1960 80 A&O Halifax N S 4s July. 1945 104 5s Jan, 1951.. 112 J&J Hamilton— 4s Elec L & P1941 —A&O 103 Lachine P Q 5s 1954 101 J&D Manitoba (Prov) 5s *44.J&D 2 91 87 k 4ks May 1, 1945 M&N 81k 4ks Dec 15,1956—J&D 15 Montreal 5s Dec 1, 1945. J&D 100 k 5s s f Nov 1,1956 M&N ioik 99 4k« May, 1954— 99 k 4ks Jan. 1944 J&J 31k «ks 1959 ------- 111k 108 112 —M&N Gold 5s 1948 5s 1950 Gold 5s 1959 9 9 1946---A&O 6ks 1953 F&A Certificates of deposit— 104 1944-A&O Gold oks 1947 Gold 5ks 1952 6k 9k Rio de Janeiro 8s 1946--A&C 1966-v.—-M&N Extl s f 7s 1967 J&D Extl s f 6s 1968—-—J&D Rome extls f 6ks 1952—A&O Roumania (Monopolies) Institute 7s 1959——F&A Feb 1937 coupon paid— Russian 6ks June 18 1919... 6k% ext loan Dec 1921.T. Saarbrucken (City) Germany Extl s f 6s 1953 -J&J (Mtge Bk) 6s ser A '47 M&S 6b series B 1947——A&O Salvador 7s 1957 J&J 581* \%% 5s May 1952 —M&N Alberta (Prov of)— , 10k 102 k 103 Queensland (State) 7s '41 A&O Ext g 6s Feb 15 1947 F&A15 Rhine-Maine-Danube See Industrial Bonds • 11^ 93 100 k 100 102 k 111k Appling County— ... Refunding 5s 1943.—-A&O . ^ 101k 103 k M&S 5s Nov 15 1941 95 95 98k 99k 102 k 102 J&J J&D M&N F&A 20-yr 3s 1955 J&D 3s 20-year 1958 J&D 3s perpetual M&S 3s Jan 15 1967 J&J 30-yr 3s Nov 15 1968.M&N 14-yr 3ks 1951 M&N 25-yr 3ks 1961 opt '56 J&J 15-yr 3ks. 1949 A&O 20-yr 4s 1952— A&O 30-yr 4s I960A&O 99k 99 k 100 k 102k 102k 102 k 103 k Net 117 116k 123 100 k 112 4 ks non-call 1944 M&N 94 4ks June 1 1946 J&D 91 4iks June 15 1950—J&D15 4s Aug 1 1946 88 F&A15 GEORGIA 4ks ref 1939-1945 J&J 6 1.25 Albany—5s 1945 J&D b 2.50 21 98k 5s 1940 & 1941 var 5s 1945 & 1946 var 5s 1950 & 1951 var 5s Jan 15 1970-—..J&J14 .... CANADA See Panama. New South Wales (Australia)5s extl s f 1957 F&A Extl s f 5s 1958 A&O Met Wat Serv & Dr Board M&N15 _ - 43 Mar" 15"l"y60."~ "M&S Toronto 6s 1939-1940 .J&J 5s 1940-1950 J&J 5s 1950-1959.-.. -J&D 4ks 1939 A&O 4ks 1940-1941 A&O 4ks 1942-1945 A&O 4ks 1946-1961 A&O 4s £ July 1 1948— J&J 3ks July 1 1944— J&J Vancouver, B C 5ks '39.A&O 5ks 1952 —F&A _ 69 116 115 121 Ask 65 4ks /35 Bank— 45 51 S f 7s 1952 ser A A&O 17 Vienna (O) extl 6s *52—.M&N "36" Warsaw (City) 7s 1958--F&A W* 27 31 4ks assented 1958 F&A 45 Warsaw (Land M Bk) 8s 1941 20 k Westphalia (Prov Bk) 6s 1933 f 6s 1936 / 20 M 5S i94i / Wurtemberg 7s to 1945.M&N / 19 56 k 58 Yokohama extl 6s 1961 ..J&D it* 52 - 40 Conversion scrip Venetian Prov Mtge 97 — 47 3ks extl re-adj 1984—J&J 35 — 91.15 38 external conversion 19793k-4k-4 5-16% extl Oonvsfof '37 1978. J&D / 37 4-4k-4k% extl readj s f 40 bonds of1937-78 F&A 8k ... 4s Nov 15 1957 external readjust 1979 3k~44k% ($ bds of 1937) k ■k 52 k 53 k 52 45 99 k 4ks 1944 M&S 4ks Jan 15. '40-'47--J&J 15 4Hs Jan *15 '48-'57-J&J 15 4ks 1939-1970 M&N 15 4s 1941 M&N 4s May 15,1939-43.M&N 15 4s May 15,1944-57.M&N 15 4s May 15.1958-68.M&N 15 Hydro Elec Pow Com— 4ks Jan 1,1970—J&J 2 Ottawa City 5s *39 '45—J&J 6s Munic Imp *39-'50—J&J 5s July 1, 1939-1956—J&J 4ks 1939-1944 —J&J 4ks 1943-1960 J&J Quebec (Province)— 8-yr 2ks 1944 M&N 15-yr 3s 1951 M&N 3ks 1949 J&J 3 ks s f deb 1952.. J&D 4ks 1961 M&N 4k» 1956 J&D Quebec City— 5s S F (non-call) 1960.M&N Saskatchewan (Province)— 5s 1943 (non-call)..J&D15 5s 1959 (non-call)....M&N 4ks July 2 1945 .J&J2 44k M&N 3k-4r4k% ($ bds of 1937) Natl Bank of Panama— F&A / M&N/ 44k s f 6s 1960 Extlsf 6s 1964 Second 5s 1956 Nov "32-May *35 coupons.. Nov '35-May *37 coupons.. Munich Bank— Hessen 7s to 1945 F&A / 4s scrip 8s 1948 44 Extl 1958. M&S 1959 ser A.-M&S Montevideo (City) 7s '52-J&D Extl s f 6s 1959 ser A.M&N Scrip.. Mtge Bank of Denmark— Exch s f 5s 1972 ser IX J&D Mtge Bank of Jugoslavia— Secured s f 7s 1957 A&O 58 funding 1956—-— Suf — ... , Uruguay 8s ext 1946 Extl 6ks Extl 6Hs Do 7 25k 31 33 86.55 Gold 7s 1943 • s ... ^ 1947 F&A / 29 Sydney (City) N S W— 25-yr s f oks 1955—..F&A Tokyo (City of)— 43 5s of 1912-1952-..—M&S Extl s f 5ks 1961 51k A&O 14k Tolima (Dept of) 7s '47-M&N t Union of Soviet Soc Republics X Treas 6% notes '23 ext to '33 £20 pieces £100 and £200 pieces-— Milan (Italy )ext 6ks '52.A&0 Minas Geraes (State) Brazil 7s extl 2% 7 1st mtge s f 6s 4ks Extl 4s of 1910 (£20 pieces) £100 and £200 pieces.— 6s 1933 Rio Grande 26k 23 k 28 J&D / 23 4ks assented 1958 - f 18k 12k 12 k S lies fan Landowners Assn— 5s assented 1945. 4s of 1904-1954 J&D 4s assented 1954..—J&D s ■ J&J M&N 5s 1959 ... / 23 - 8k (May ' 14 coup on) '43 M&N Stamped assented Mexico (Republic)— 5s extl loan of 1899 1945— Extl M&N / 10 1952 M&N / 7k s (Prov) 6s '43—M&S15 5ks 1946—. - To or Ontario f 6ks 1957-M&N 15 / 6k Extl sec 6s 1943 M&N / 6k 9axon State Mtge Institution Sink fund 7s 1945——J&D /23 k Sink fund 6ks 1946—J&D /23k 23 Metrop Water Serv—See New 6s 1952 55 10k — Stamped - yield Basis Bid Bonds Net ^ 12$ Medellin (Munic) (Colombia) 7s extl Dec 1 1951 Certificates of deposit 6Ks 1954---. Certificates of deposit Mendoza (Prov) Argentina—■ 7ks extl s f 1951 J&D South Wales Mexican Irrigation s f gtd / 71 / 46 k / 17 k Santiago(Clty)Obile7s 49 J&J/ 10 $ao Paulo Brazil 8s Leipzig (City of) 7s 1947F&A / 20 Lima (.City) Peru— Extl s f 6ks 1958—M&S 10k 23 Lower Aust (Prov)7 ks'50J&D 18k Luneberg (City) 7s 1948.M&N Maranhao (State) Brazil— Ext s f 7s 1958 -.M&N / 7k Ask (City) Arg Rep extl 7s 1945 A&O 4s 1945 stamped A&O Santander (Dept) Colombia^ Extl s f 7s 1948—— A&O - M&N 5_ks 1965 Bid Bonds Net Santa Fe Foreign Govts, and Cities (ConclA Japanese Government— Sf 6ks 1954 Extl Ask To >r To or Bid Bonds 93 BONDS possible for the closing day of the month preceding the date of issue n % % JO I 2.25 1.85 106 k 107 k 6 0.75 6 2 30 to 2.15 6 2.50 to 2.75 6 0.75 6 2.30 to 2.15 6 2.50 to 2 -75 Nominal, to 2.40 to 2.40 0.40 % ' MUNICIPAL AND STATE 94 Quotations for all securities are as near as BONDS possible for the closing day of the month preceding the date of issue Yield Basis Yield Basis Yield Basis To or To or Bid Bonds Net Ask b 0.75 to 2.15 5s series A. B & 01940-1943 6 1.00 b 2.30 to 2.40 4s Jan 1 1942-1956 b 2.50 to 2.75 Elgin Sanit D 5s '39-'44.M&N b 0.75 to 1.75 3 Ma Jan 1 1957-1961 3s 1943-1954- to 97 4s 1956 opt 4s 1956 opt 1945-'47 1948-'53——— b 1.00 to 2.50 b 0.75 to 2.15 100 J&J 6 1.50 Ms 1955-1967 J&J 6 99 M Long Term Bonds— Refunding 3 Ms 1942-'56.F&A 6 1.75 Ref 3 Ms 1957-1960 F&A 105M b 2.30 to 2.40 to 2.60 b 1.75 to 3.00 b 1.75 to 2.75 4s 1956 opt 4s 1956 opt 4s 1956 opt 1940-'44—. 1945-'47 1948-'52——-— Granite City 4 Ha 1939-48 J&D Jackson o 4Mb 1940-46. J&J La Grange (Village of)— b 2.50 to 3.25 4Mb series D & E 1944-55.. 5s series F Mar 15,1945-485s series K July 1,1947-49— 3Mb series R 1941-60..J&J 3 Ms series Q 1941-60—J&J Lake Co 5s Road '39-'49.F&A b 0.75 River Forest S D No 90—„ 4M* 1939-1944 —J&D 6 2.00 Rockford S D No 205— 2.10s 1944-1958 F&A 6 1.50 to 2.75 rev 1942-68--M&S to 3.10 6 0.50 to 2.50 6 1.50 2Kb Dec 1, 1939-1958 Capital Bldg 4Mb Aug 15, '52 6 3.20 Charity Hospital at N O— 3.85s 1942-68 F&A 98 Atchafalaya Levee Dist— to 2.20 to 3.50 Elkhart 4Mb WW '39-75 A&O .75 J&J Fort Wayne— 4Mb 1939 to 1957 A&O 6 1.50 Fort Wayne School Dist— to 3.00 6 1.50 to 2.20 5s Oct 1 1939-1943 5 Ms Track Elev '40-'47-J&J % to 2.50 6 1.50 2.00 4s Fire Dep J'ne 1 *41 -J&J 4Kb Sch Fne 15'40 J&D15 J&J 4MB 1940-1955 Indianapolis S D— 4s Bldg Sept 1 1940 J&J 3 Ms July 1 1941 J&J So Bend 4Ms W W '43-M&N 1.75 2.25 1.75 F&A 15 5s 1972 opt '62 Lafourche Basin Levee— 5s 1956-1970 A&O 2.50 2.75 % 6 2.00 to 6 0.25 1939-1942 J&D Rapids 4 Ms'49-*53M&N 6 2.15 Co 2Mb 1942._M&N 6 1.00 Davenport Indep Sch Dist— 4MB 1939-1940 M&N 6 0.60 to 0.75 4 Ms serial gold 1939-45 Cedar to 2.50 Clinton less 4Mb serial gold 1945-60 4 Ms serial gold 1961-80 4Mb 1940-1941 ——M&N 5 0.80 Des Moines 5s 1939-V57 J&J 6 0.50 4MB W W 1939-42...J&D 6 0.50 to 1.00 6s Gen Oblig 1939-40—J&J 6 0.75 Des Moines Ind S D— 6 1.75 to 1.00 4Mb Impt 1940-1948-F&A 4Mb M to 3.00 to 1.25 $ 6 1.70 4Ms Water 1939-1944.A&0 6 0.50 Sac Co 2 Ha May 11939-47— 6 0.75 Sioux City 6s '39-'45-F&A15 6 0.75 6s Ref Aug 15 1940—F&A15 6 0.75 1939-47—M&N 6 0.50 to 2.00 J&J 6 0.75 to 2.10 Woodb'y Co Fund 2Ms'42-'46 6 1.00 4Mb Sewer 2MB 1939-1956 Sioux City S D 5s 1941. -J&J 6 1.00 to 2.15 less M 5s 1.60 to KANSAS 6 0.20 4MB 1940-1953 F&A 4MB 1939-1953 J&J Sch Dist4M8l940 54J&J 0.40 0.40 to 1940-1947.J&J 6 0.40 104M 109 H 103 H to 3.80 Saline Co 4Mb 1945 to 2.60 to 3.40 Bridge Revenue Refunding— Project No 1 July 1 '50 J&J Project No 2 July 1 '50 J&J Project No 3 July 1 '50 J&J Project No 9 July 1955 J&J Project No 8 July 1 1945 ... Project No 10 July 1 '50 J & J Project No. 11. 1952 Project No 12,1947 Project No 13 1953 Project No 14 1945 109 M 106 115 107 to 6 Par 2Ms 2.95 5s 1957—MAINE Jan J&J 110 112 to 2.30 % H'way & Bdge '39-'54. A&O 6 0.75 103 102 M 103 M 103 M 101M 102M M&S 6 0.75 2s Improve'mt 1939-56 —A&O 6 0.75 Auburn 4s 1939-'40 tax-ex J&J 6 0.75 Augusta—4s Oct 15 1939-1955 6 0.75 4s Wat Wks Sept 1 1939-40 6 0 75 Bath 4s Ref 1941 tax-ex. J&D 6 2.50 _ Belfast 4 Ms Ref '39-*50 M&N 6 3.50 Brewer High Sch Dist— 4Mb 1939-1945 M&N 6 1.00 Kennebec Water District— 4s Ref May 1, 1950.-M&N 6 2.60 103 102 M 103 to 2.50 % to 1.00 % to 1.90 % 2.30 % 4s July to 2.25 to 2.00 to 2.50 1 % to 2.00 % 2.00 % 3.25 % to 3.00 % 2.30 % 3.25 102 102 M 103 Portland— 103 4s O H '39-'45 tax ex..A&O 6 0 75 Portland Bridge District— 3 Ms July 1. 1939-1947 6 0.75 Portland Water District— 6 3.55 6 3.70 3.55 6 3.50 3.25 South 6 3.50 3.25 4s to 3.65 2.25 2°.l5 Dist— M&N 6 1.00 to 2.80 % 6 2.50 to 3.25 6 1.00 2.50 1.65 1.80 1.65 to 2.80 % % 2.20 2.00 2.45 2.35 2.10 2.25 2.45 2.35 2.50 2.35 5s A&O 1939-1981 2.45 2.35 5s Gen 2.50 2.35 3 Ms Ref 1943 J&J 61.40 3s Sew & Park 1941— J&J 6 1.00 Owens boro—5s Sewer.. J&D 6 3.70 1.15 0.60 A&O registered 1946 M&S 4Mb Mar 1, 1939-'55—M&S 4s Aug 1, 1951 F&A 4s Annex 1954 J&D 4s Parks 1955 M&N 4s Mar 1, 1961— M&S 4s 1945-1971— M&S 4s Regis'd stk 1948-57 M&N 4s 1939-1944. A&O 4s 1956-1905 -M&S 4 Ms yr w 1939-1970.-A&O 6 3.80 Warren Co 4Ms 1940-'59.J&J 6 3.75 3.60 3.65 3.50 1 at 100. to 1.75 b Basis. % / Flat price. - — 2Ms 1940-1947 J&J^ 0.50 Lynn— 4s Sewer 1939-1956—M&N 6 0.50 Is 1939-1941. A&O 6 0.25 Maiden 2 Ms 1940-1958--F&A Ref M&S 6 0.25 M&N 6 0.25 % to 1.30 % % % to 0.70 to 1.90 1.90 % % lMs 1939-48 3 Ms 1939-1942 tax-ox 2s 1939-1947 M&N 6 0.25 % to 1.05 1 to 2.00 to 2.20 to 1.80 I to 2.25 % % to 0.75 % to 2.10 to 1.75 to to 1.00 % 1.70 % M&N 6 0.40 to 2.00 2Ms 1939-53 % % New Bedford— 4s 2.70 J&J Bridge 1957 2 Ms 1939-1947 .A&O h 0.40 Northampton lMs '40-59 F&A h 0.15 to 2.00 % to 1.80 % Pittsfield— 1939-1944...J&D 2 Ms Dec 1 1939-1955.-J&D Ref lMs 1939-1948...A&O Quincy 2Ms 1939-47 A&O Reading— 1 Ms school 1939-58.M&N15 Salem 1 Ms 1939-1948... M&N b 0.25 to 1.25 b 0.25 to 1.90 to 1.50 to % 1.60 % b 0.25 to 2.00 % b 0.25 to 1.60 % 3 Ms School 1939-1954.J&J b 0.40 Relief 2Mb 1939-1948.A&O b 0.40 h 0.40 lMs Relief 1939-1946.A&O to 2.15 % 1.70 1 b 0.40 to 2.50 % Somerville— 2 Ms 1940-1969 -J&J Springfield— 3 Ms Water 1939-1960.J&D to 1.90 to b 0.25 to 2s sewage disp 1939-68M&N b 0.15 1 Ms Relief 1939-1946.A&0 b 0.15 to 1939-1948—J&D b 2.00 2.00 1 to 1.30 % 0.25 to 1.75 % to 1.50 % to Watertown— % to 1.50 % 0.30 to 0.60 1.60 % to 1.60 % Winchester 3 Ms 1939-46.J&J b 0.25 Worcester (City)— 0.60 1.75 to 2.00 b 0.15 lMs Funding 1940-58..J&J lMs 1940-1948 J&J b 0.15 6 0.15 lMs relief 1939-48...-A&O b 0.15 2Mb to 1.75 % 1.40 % to 1.80 to 1.30 to 2.50 0.40 to 2.25 2.00 1.90 2.10 2.15 2.35 2.00 2.10 2.25 1.60 to 2.35 5Ms Oct 15 1941 A&O 15 5 Ms Highway 1941 J&D 5s Highway 1940 J&D 4 Ms Highway 1943 F&A 4Ms Highway Impt 1944 A&O 4s Highway Impt 1942—A&O 1.70 to 2.30 Ann Arbor— 0.25 to 1.50 W W ref b 1.10 to 2.10 2.35 to 2.40 3 Ms b 2.00 to 2.10 % I°.50 1.75 See ®'or|^0g-<|Q^jJage 5 Ms July 15 1941 J&J 15 4Mb 1939-1948 J&J 1944-1946 % % to 1.30 % to 1.45 0.40 1.25 to 1.60 1 b 0.25 b 0.25 0.30 % % % to 2.10 0.30 % to 1.95 to 2.25 J&J 6 0.25 1939-1953-... F&A 6 0.40 Methuen (relief and sewer)— lMs relief 1939-48--.M&N 6 0.20 Wellesley (Town)— 2s H S 1939-1952 M&S b 0.25 to 1.60 to 2 50 Medford— to 1.10 5s LOUISIANA Short Term Bonds 6 0.75 Imp 1943-45 J&D 6 0.30 to 1.10 5s Water 1901 Paducah— to 1.00 3.30 0.30 Baltimore— Louisville—58 Sch 1962—A&O to 3.10 to 1.60 M&S 1939-58 Waltham 2s 4MB 1939-1942 J&D15 4Mb 1939-1942... J&J 3s ctfs of indebt '39-'50—A&O 2 Hb ctfs of indebt, 1939-1951 A&O 1940-1952 June & Aug 15. 1Mb ctfs of indebt— F&A 15 Annapolis 4Mb W W '42.A&O to 2.80 4 Ms Hospital 1951 M&S 4Ms Ref 1965 J&D 1 1970 F&J 4Ms Sewer 1969 J&A 4s Sewer 1947 F&A 1950-F&A 4s Lou W Co 4s Sewor 1965 F&A 4s Jan 1 1970 -..J&J 6 % MARYLAND 103 100 Sewer 1939-1950 Waterville 4Mb 1940-50. Westbrook 4Mb 1939-48 2.25 6 3.80 Funding 1948 J&D 6 2.35 2M8 Water May 1 1953 Portland 2.30 % to 2.20 4s 6 2.50 to 2.25 6 0.25 6 0.25 4s Dec 15 J&J 1952-1958 102 M 102M 102 M 3.50 6 0.25 6 0.25 2s Old Town Water District— 103 2.35 to 1.00 Lowell— to 3.10 Tensas Basin Levee District— to 102 M 102 M to Lawrence (wat h'way & b'dge) to 3.15 1.00 3 Ms 1939-1951 102 M % 2.30 % to 2.25 to 1.80 2s G & E 1939-1947—.A&O 6 0.25 1.00 to 1.00 1.00 1939-'41.F&A 111M 113 0.40 City Hall 5s 1940-'55.F&A 4 Ms Jan A&O 5s Mar 1953 opt 1943.M&S 5s 1965 Series D F&A 4s Sept 1, 1939-1953 M&S 6 0.75 4s Highw & Bdge 1939—M&N 6 0.75 48 Highw & Bdge '40-44 M&N 6 1.50 Ashland— 4Ms 8 I *42, '47 & '52M&S Bowling Green—5s 1955-J&J Covington— 4Ms 1939-1950 A&O 4Ms WW 1939-51 J&J 4s Fdg 1952 opt '42—F&A 4 Ms School Jan 1 1940-69— Hen iderson County 4Ms R&B Oct l'39-*56 A&O Lexington— Pub Wks Nat Recovery 4s 1940-1963 J&J J&J 5s 1.70 % to 118 1968 to 1.75 % to L to 2.25 116 5s July Red River A & B B District— 48 State Pier 1939-1942. _M&S 6 0.75 0.80 to 2.40 to 2.25 to 1.50 to to 3.10 6 0.25 (tax-ex)...M&N 6 0.50 Framingham— 1% relief 1939-43..M&N15 6 0.25 lMs water 1939-58---M&N 6 0.25 Holyoke— 4s School 1939-1950...A&O 6 0.50 0.30 0.40 0.25 0.25 0.25 0.25 % to 3.10 Fall River— 1.60 90 % 1.80 % 1.90 % 6 6 6 6 Easthampton (hi'way & relief) lMs 1939-48 _M&N 15 6 0.20 Everett 1Mb 1939-1941..J&J 6 0.25 lMs Relief 1939-1948._J&D 6 0.30 to 3.40 0.40 0.90 6 0.50 6 0.40 % to 3.30 to 1.60 Sedgwick Co 4Mb 1940—. Shawnee Co 4Mb 1944 Topeka 4Mb 1948 5 Mb Jan 1 1941 J&J Topeka S D 4Mb Mar 1 '39-'46 Wichita 4Mb 1939-46—.J&D Sch Dist ref 4 Ms '39-48F&A Wyandotte County— 4 Ms 1940-1945 J&J 6 KENTUCKY 2.20 6 0.50 6 0.50 6 0.40 4s 1939-55 s 1.65 0.75 3.30 6 3.50 Shreveport— 5s Dec 1, 1939-1969...J&D 4Mb W W & Sew '39-'54J&J 75 4Mb May 2. 1939-67.M&N2 to 2.00 1945 To be called July 106 Chelsea 4s 1958 to 3.10 2.00 to 3.10 2Ms 1939-1946 J&J 6 0.50 2 Ms 1939-1968._M 2 & N 2 6 0.50 5s 1950 Series B McPherson 4 Ms 1945 Reno Co 5s 1941 * 106 % % 2.70 % 1.75 113 % % 2.30 % Leavenworth— Refunding 2Mb 109 to 2.75 to 111 Board of Education— 4Mb Water 107 105 to 3.00 to 3.25 to 6 0.40 6 0.40 3 Mb June 1 3 Ms June 1 107 1.50 2.10 3.10 3.15 105 to 2.30 1.00 3.15 3.40 2.70 A&O to 2.25 0.40 1.85 3.50 Pentchartrain District— 6s 1944 M&N 5s Oct 1952 - % 3.15 3 105M J&D 6 2.70 — % to 1.30 A&O J&J 4s relief 1939-53 105 M to 2.30 J&D 6 1.25 1939-1944 1945-1967. '59 107 105 to 0.80 tax-ex J&J 4s Sub 1958 tax-ex Plaquemine Parish E Bank— to 1.90 1939-1952 J&J 4s. 1953-1954 J&J Kansas City 5s 1942 F&A 4Mb Wat & Light 1944.J&J 4 Ms Imp July 18 '49.-J&J Leavenworth Co 5s 4s Sub 1957 tax-ex Orleans Parish Sch Board— less 5s Soldiers' Compensation Bonds 4 Ms, 194-53 1940-1949.....J&J 1950-1959 J&J ♦4Mb 1939-1961 A&O ♦4Mb Sept 1. 1939-'68.M&S 4Mb Non-callable 1952 J&D % 105 108 M 102 H 5s July 5s July to 1.70 % to 0.75 to 2.60 to 3.40 to 2.80 1.00 104 4s Mar. 1 1942-1964—M&S 6 2.90 Orleans District— to 1.70 to 1.30 % % to 1.30 4 Ms Sept 4 Ms Tun 3 Ms Ref 1939-1962—.M&S 102 * 100 M 102 3 Ms July 1 1953-1968—— 100M 6 1.75 to 3.50 4s July! 1940-1952 Marshalltown— 6 0.15 % J&D 48 Pub Impt 1942 J&J Orleans Levee District— 1.65 6 6 1.00 6 0.15 to 0.80 11981 M&S 1960 tax-ex. .A&O ...J&D 4s Tunnel & Sub 1948 J&D to 2.25 4s Constitutional 1942.J&J 4s Pub Impt '52 opt '42.J&J 0.40 to 1.75 4Mb Dec 1976 J&D 6 1.00 J&D 6 2.50 J&D 63.15 4Mb 1939-1945 4MB 1945-1960 4Mb 1961-1980 4s 1939-1950 0.60 1.00 J&D Ms 1939-1951. M&S 1943 J&D 1944 J&D 3 Ms July 1 1945 J&J 3sApril! 1939-1957 2 Ms 1939-1968 J&D 2Ms Sept 1 1939-1956.M&S 2 Ms 1939-1955 J&D Suoway 2Ms 1939-48.J&D 2Mb 1983 J&D Metropolitan District— 2Mb ser A 1940-'58.M&S 2Mb ser B 1940-62._J&J 2Mb Dec 15 1939-1960... 2Mb Oct 1 1939-62..A&O Braintree—4s 1939-1941.J&J Brockton 1Mb 1939-'48..A&0 Cambridge— 2s 1939-1958. A&O 1 Ms 1939-1946 F&A 1 Ms 1939-1942 F&A 6 1.00 6 2.30 6 3.05 % % 1.65 Boston— Sewer and Water— to 0.80 lesslM lesslM lesslM M&S Lee Co Prim Road 2 Ms.1948 6 1.75 lesslM Lyon Co 2Mb May 1 1939-47 6 0.75 to 1.70 M&S 4Hs Sept 1 1945 4 Hb 1944 4s Sept 1 1945 117M 116 10' M 104 M to 1.65 to 1.90 to 1.25 4s Tun & Sub A&O 4s 1946-1956 IOWA 117 106 M A&O 6 1 00 -A&O 6 2.70 4MB 1939-1944 4Mb 1945-1966 Public Belt Bridge Rev— 4s 1939-1945 A&O 6 0.25 6 0.25 M% 1939-43 M&N15 6 0.15 Arlington 4s 39-'42(tax ex)J&J » 0.20 Beverley— 1 Ms 1939-1948 A&O 6 0.15 115 105 3.20 % 3.20 % 6 0.15 6 0.15 Is Pub Wks Feb 15 1940-1941 Hurricane & Flood Damage— 107M 114 % 3.10 J&J 1942 2Mb Dec 1 1939-1947 J&D 2 Ms reg July 1 1939-67 2.00 Metropolitan Water Loan— 2s reg 1944-68 ..J&J 1 Ms Pub Wks. .Sept 15 '39-'40 115M New Orleans—Public Belt— 5s 1939-'44 opt 1939.J&J * 1.00 2.25 5Ms 1941 M&S South Bend School City— 113 M 115M 116 Lake Borgne Dist Levee— 5s Dec 1952 opt 1942.-J&D % to 2.75 6 1.25 3 Ms Water 107 1 to 3 .25 3 Ms gold July 1944 M&S 3s gold Water Jan 1 1941-J&J 4.00 105 106 113 J&J 5s 1952 opt 1942 J&J 5s Oct 15, 1962 op '52.A&0 5s Oct 15,1963 op'53 A&O 15 5s 1959-1969 Indianapolis— 100 J&J 1 MASSACHUSETTS to opt 1941 1.50 3.25 to 3.00 to 3.30 4s 1939-52 (tax exempt)..Var 4s Water registd 1939-58.J&J 3 Ms 1956 ref (tax-exem)_J&J 3.10 3.00 110 1.80 % 2.20 1.60 5s 1969... 3.60 103 M to 2.90 to Fifth District Levee— 5s 1950 opt 1940 to 3.25 to 3.10 M&S 6 1.00 Sept 1939-1972 5s 1951 .50 Gary Sch City 4Mb Oct 1943 Hammon (City)— 4s O H 1942-1956 J&J30 6 2.25 101 Baton Rouge—5s '39-'54 M&S 6 1.00 Bossier Dist Levee 5s '54.A&O 108 Caddo District Levee— 5s INDIANA to 2.95 to 1.50 1.90 2.35 Hagerstown—5s Water 1939-1987—A&O 1.00 1.00 4MB 1939-1987 A&O Montgomery Co— 4Mb 1939-1968. M&N 6 1.25 Washington Sub San Dist— 3 Ms Wat & Sewer '87.M&N 3.20 3.30 4Mb Sewer g 1973 J&J 106M to 2.90 6100M 6 1.25 2.40 0.40 % M&S 3Ms Refunding 1952...J&J 3 Ms Sewage Impt '80.A&O Cumber'd 4Mb W W '41-A&O to 2.75 6 2.35 ser S 1941-1957 J&J 6 2.00 3 Mb series S 1958-1960. J&J 6102 State Pension 5s June 1, 1948. 6 3.00 to 2.75 Winnetka (Village) Evansville 4sref 1942 3 Mb March 1945 101 6 2.50 6 2.65 4s 3s Water % 104 State Highway— b 2.50 Evanston S D No 76— 4Mb June 1 ld39-1948 Forest Preserve— to 2.10 Net Ask Baltimore (Concluded)' '■ 4s 1972-1975 M&S b 0.50 3 Ms Impt 1940 J&J Highway— 102 Bid Bonds to 2.85 2 State Cook County— 4s 1950 opt 1940-'44 To or Net Ask Bid Bonds b 0.85 less b 0.85 less b 0.85 less M M M b 0.75 less M b 1.15 less b 1.25 less b 1.10 less M M M % MARCH, 1939] STATE AND MUNICIPAL possible for the closing day of the month preceding the date of Issue Quotations for all securities are as near as to 4s 1943-1947 2.00 1944-1948 4s Nov 1 1948 1952 3 Ms 1948-1952 4Ms Road 1939-1942 4s to 2.50 to 3.10 4Ms Sewer Me-'fil-'SO-A&O b 2.25 Detroit— General 3 M« callable (Long) 97 4s 99 M 4«s 5s non-callable.. Water 4s b 3 90 Buchanan County— Ret 3s 1943-1956 b 3.20 less 6 3.25 lesslM 4 Ms b 3.30 less 1M Refunding Water series D— 1951-1901 3.10 3 Ms Oct 1 1939-1950 3 Ms Oct 1 1948-1950 4s July 1 1939-1947 less 1 3.10 1.00 to 3.10 less 1 3.05 1.00 to Street railway 4 Ms 3.70 Refunding 3 Ms '&7-'62 J&D Refunding 4s '39-*50--J&D General & Street Railway— 3 Ms Oct 1939-59 3.75 lesslM lesslM 1.00 to 3.85 1.00 to 3.70 General 3s Oct 1 1959-62 Water 2Ms Oct 1 1939-02.: 3.75 less 1.00 to 3 0.) Refunding 2Mb 1951-63 J&J Refunding 3 4s 1940-50 J&J Flint 4Mb 1939-1954.M&S 15 5a (Mar 1 & Apr 1) '39-'50— Flint Union School Dlst— 6s 1939-1954 M&S 6 4Ms Mar 11939 Grand Rapids— 3Ms Sept 1 1939-1940.M&S 3s Sept 1 1941-1945...M&S Grand Rapids School Dist— 4Mb 1939-1943 M&S Highland Park— 3.70 less 1 1.25 2.00 to 3.80 2.00 to 4.00 2.00 to -75 to 0.50 to 1.15 to 2.10 6 0.50 6 0.50 to 0.50 0.50 0.50 to 3.00 6 3.30 4Mb School Nov 1 1954 Jackson 4 Ms 1939-47-.A&016 6 2.00 4 Ms July 15 1955 6 4.00 M J&J 6 0.80 to 2.60 to 2.80 to 2.70 4 Ms 1939-1945 M&N 6 Lansing— 4Ms 1939-1946 J&D 6 Muskegon 4Ms 1940-44..J&J 6 Muskegon 8 D 5s 1942—July 6 2.00 to 3.40 to 2.60 J&J 6 1.00 to 2.50 J&J 6 1.80 to 2.40 M&N 6 3s School 1940-1954...F&A 6 3s Refunding 1952 A&Ol Public Bldg & Impt— 3 Ms 1950-55 A&O 6 2MB 1951-56 M&N 6 '2s 1954-58 F&A 6 1.00 to 2.10 1.50 to 2.60 2.25 less M 99 less 1 6 2.25 less 1 Saginaw—4Ms 193949.-F&A 6 1.00 4Ms Sewer 1939-1951.J&D 6 1.00 Wayne County— to 2.75 to 6 1.50 to Voted bonds 6 1.50 to 4 Ms 6 3.10 less ^ 0.70 to 2.00 to 1.75 to to 2.00% 2.00 % - 1.70 to to .1.95 % 1.90% 1.80% 1.90 % to ^ to 1.50 to % 2.051% 1 Funding bonds— '44. 1940-1953.-J&J Highway debentures— 4 Ms Dec 31 1939-40 4Mb Dec 31 1939 Daniels Co 5Ms 1940 J&J 4s opt 6 1.50 less M 4Ms Dec 1 1939 J&D 6 0.75 2M trunk h'wav'47-51—M&N 6 2.00 6 1.25 1.85sRuralCreaitctfsl941 less M less 1 3 Ms July 15 1943 J&J 6 1.50 2s Rural Credit ctfs 1942 less less 6s 1941 opt 1940 Great Falls— M Duluth— 4Mb 1939-1947 J&J 1.00 4s 1939-1946 ....J&J Duluth Ind School Dist— 1.00 A&O % 6 1.00 6 1.25 6 3.25 to 1.50 % % 1.00 to 4.00 % 4 Ms Sanitorium '39-'42 J&J 4Mb Hospital '39-'41.M&N Minneapolis— 5s 1940,1943,1945.1946. 1947, '48, '49. '50—-J&D 4Mb Apr 1939-1952...A&O 4Mb 1939-1940 A&O 4s 1944 ...A&O 3Ms 1939-1941 M&N 2.60s 1939-1966 A&O 2 Ms 1940-1967 M&S 2.30s 1939-1947 M&S 2 Ms 1939-1958 M&N 2.20s 1942-1959 J&O 1.00 6 1.00 to less to 6 0.50 to 6 1.00 to 2.75 6 0.50 to 2.20 6 0.40 to 2.35 6 1.25 to l 1.50 2.75 to 2.00 F&A 6 0.50 F&A 6 1.60 to 1.50 1.80s 1939-1943 1 Ms 1944-1948 Ramsey County— 2 Ms 1939-1947 4Mb 1939-1950 to 2.00 to 2.00 F&A F&A 6 0.50 to 2.25 6 0.75 to 2.50 4Mb Rd & Bdge '39-'44M&N 6 0.75 to 2.25 4Ms Rd & Bdge '39-'43 J&D 6 0.75 Paul— 6s school July 1 1951 J&J 6 3.00 4Ms W W 1939-42 A&O 6 0.75 to 2.25 Lincoln School District— 4Mb 1939-1953 M&N 6 0.50 McCook Fund 5s '39-'43.F&A 6 0.75 North Platte Sch Dist— 4Mb 1939-1959 J&J 6 0.50 Omaha— 2Mb Sewer 1939-1956-m&N 4Mb USD 1939-1965.j&D Keene 4 Mb 1939-1942—_M&N 6 1.00 less 1 6 0.75 A&O 6 0.75 to 3.00 J&D 6 0.50 to 2.65 % to 2.50 % to 3.00 % to 2.60 1939-1961 2.60s 1939-1957 M&S 6 1.25 3 Ms Bridge less 1 6 1.25 4Ms May 1 1939-1950 4Ms Impt 1953 J&J 4Ms Flood 1939-1953—A&O 6 1.25 3 Ms Highway 1950-59 F&A 6 2.80 Biloxi 6Ms 1939-1943--A&O to NEW Bridge 4M8 4Mb 4Mb 4Mb to 3.25 to 3.25 99 99 Greenville 5s fund *43-'50 F&A 6 2.50 to 3.40 % Jockson— A&O 6 1.50 to 3.75 6 1.50 4 Ms Jan 1 1910-1952 4Ms 1939-1952 M&N 6 1.50 Jones Co 5s 1939-1942...M&N 6 1.50 to 2.50 5 Ms 1939-1954 to 3.60 to 3.60 Meridian 5s Dec 1 1939--J&D 1.50 4Mb School House 1941 J&J Mississippi Levee District— 6b May 2 1944— M&N 5s July 11953 J&J 2.50 6 2.80 to 3.50 4Mb July 1949 4Mb % f Less 1 on bid side. Qi to 3.85 % 3.75 % to 80 to 3.00 % to 2.75 % 116M to 2.90 % to 3.20 % % to 2.90 to 3.00 % to 2.15 % to 2.75 to 2°25 to 3.00 % to 2.90 % Co— 4 Ms Bldg& Rd '39-'45 J&D20 b 0.75 to 2.10 % 2.10 % — 2.00 F&A 1940-1942—J&J 1.00 to F&A 1.50 to 3.60 % 3s 1939-1966 M&S 1.25 to 3.20 % Hamilton (Township)— 3 Ms sewer 1939-1978—J&D b 1.50 to 3.50 Hoboken—4Mb School 1940...J&J 1940-1954...J&J % 3.00 b'2.00' 4.40 % to to 3.20 .12.90 to 2.15 % 3 15 3".66 % to % n J&J JERSEY 3.65 to 4.20 100 95 4.00 to to 3.90 to 87 1.25 to 3.50 1.25 to 3.25 1.25 to 3.75 0.80 90 to Sch impt '39-'52.J&D 1939-1970..J&D Linden 2Mb 1939-1956—.J&D Lodi—5s 1940-1947 J&J Mercer bonds— Series B July 1939. series O Jan 1940-. Series D July 1940. 0.40 0.60 0.60 0.70 series K Jan 1941.. 0.40 0.60 0.60 0.70 0.70 0.90 1.00 1.30 1.90 0.70 % % % 2.25 % 80 3~.60 75 to 2.90 % County— 3 Ms April 1941 1.20 A&O Middlesex (Borough) 3 Mb 1940 to 1967 Middlesex County- J&J b 2.00 to 3.85 % 4Mb Road 1940-1944-F&A Imp 3s Nov 15 1939-1948.. Monmouth County— 1.00 0.75 to 2.20 % 15 '39-'50—M&S 1.00 to 3.25 1.25 to 3.25 % 1.25 b 0.75 to 2.60 % J&D15 b 0.75 to 2.30 % 4Mb Mar 4Mb Rd & bdg '39-51F&A15 to Montclalr 4Ms Sch 1941.A&O 4Mb High *ch bldg *44.J&D 2Mb May 16 1939-70 Morris County— 4 Ms 1942 opt 1922 3 Ms 1939-1949 2.40 % % 2.10 0.75 J&J Morris town— 0.40 0.40 0.50 4Mb 1939-1942 -..J&D 4sl939-1969 M&N Neptune 4 Ms 1940-1955-F&A 0.60 6s 0.60 5 Ms Oct 15 *39 to'59 5s 1939-1958 0.70 to 2.40 % to 2.30 to 2.30 to to to % % 2.40 % 2.35 % 2.35 % 1.25 to 2.25 % 1.25 to 3.50 % 4.75 4.25 4.10 4.00 4.00 Mflwpplr«— 0.60 Nominal. 4.20 3.50 4 Ms Long Branch 5s 1943.. M&N Lyndhurst 3-5s 1939-57—J&J b 94 Maple wood (Township)— 4s 1939-1967 J&D15 b 0.75 4s series O April 193^-1969. 6 0.40 2 Mb series D May 1939-1970 6 0.40 to 1.90 to 4.40 4 Ms Water 1939-'70.J&D15 to 1.65 3Mb ser A July 1939-1966-- 6 0.40 4 Ms series B July 1939-1967 6 0.40 / Flat price, to 4.30 to Kearney— A&O 1939-1956.F&A 4 Ms O of '24 July '56 opt '41 4 Ms ser B of '30 July '39-'67 6 0.40 3 Ms ser O of '30 Nov *39-'69 6 0.50 Institutional Construction— A&O 4M» 1939 % % % to 4.30 1.00 Englewood 5s 1939-1944.A&O Essex County— 4Mb 1939-1960 M&S 15 b 0.75 4s Hospital 1946 F&A Essex Fells (Boro)— 5s July 28 1939-1960— 1.00 99 Fairview—5s. 1944 J&J Glen Ridge— 4 Ms Mun Bldg 1939-70 F&A b 1.00 Gloucester City— 83 4 Ms 1939-1966 J&D 82 5Mb Water 1939-1963.M&S 4Mb A of '24 Jan '55 opt '40 4 Ms B of *24 July *55 opt '40 to 3.40 J&J % to 4.35 3.0) % 3.25 % J&J 4Mb F of '20 Jan '55 opt '40 .40 MISSOURI Road 1948-1950—M&S 6 1.75 b Basis, to 3.40 4.75 to 3.35 to 3.00 % 4M«series E July 1940-. 4Ms series F Jan 1941.. 4Mb series G July 1941. 4s series H July 1942... 4s series I July 1943 4 Mb series A of '27 July 1944 4s ser B of '27 July 1950Soldiers Bonus 5s July 1941 Highway Extension— 4Mb O of '20 Jan '53 opt '38 4 Mb D of *20 Jan '54 opt '39 4Mb E of *20 July '54 opt '39 to 3 00 6 3.40 Vicksburg— 5s Pub Imp 1939-1948.F&A 6 1.60 Yazoo-Mlss Delta Levee Dist5s 1939-1954 M&N 6 1.50 3.80 % to to 1940-1972 to 2.50 Road Bonds— 4 M* series C July 1939— 4 Ms series D Jan 1940- to 3.05 97 to 5Ma 3s H S 1940-1956 3.25 97 Callable bonds Non-callable bonds % 3.10 % to 2.50 % Hudson County— to 2.75 Nashua— MISSISSIPI 5 Ms Impt 1939-1946 to 2.85 to 1.25 6s 5s to 2.60 4s 5s 4Mb 1942 4Mb Imp 4s Impt 1939-1951 less 1 to 3.10 4M» Sewer July 1 1943-J&J 4Mb 1940-1959 J&J 1.00 75 4Mb School 1939-1951.M&S Hackensack Manchester— to 2.25 5a School July 1 1951—J&J 6 2.75 5s Gen'l impt 1940-62—J&J 6 0.75 6 2.00 1.00 5 - 2.50 1939-1946— A&O 6 0.50 1.90s Oct 1 1939-1946.A&O 6 0.50 % % % to 3.00 A&O 4Mb 1939-1978 M&N15 b 1.00 4s g Park 1954 & '59.M&N Hunterdon County 4Mb Road & bldg '40-'46J&J b 0.75 0.50 Irvington 5s School 1963.J&D 4 Mb Wat wks Dec 15 '41 J&J 4Ms 1939-1959 J&D b 1.00 2.85 4Ms May 1 1950 M&N to 5s 1948 J&D 2.25| Jersey City— 5Mb 1942-1953 A&O b 3.25 2.80 Omaha SD 4 Ms May 1'55M&N 5s 1939-1969 A&O b 2.25 York School District— 4Mb School 1939-1958.J&D b 2.00 4Mb 1940-1955 J&J 6 0.50 to 2.75 % 4Mb School 1945 J&J b 3.75 f 4 Ms Water 1961 A&O b 3.75 NEW HAMPSHIRE 2.25 4Mb 1939-1967 J&D 98 M 4s Refunding 1949 4s July 1939-1948 —J&J 6 0.80 to 2.10 F&A 4s July 1 1939-1953 2.25 4Mb Highway 1939-1943.J&D 6 0.90 to 1.80 2.00 Gen ref 3Ms '40-'54—F&A 3 Ms Refunding 1942-1944 J&J 3 Ms, 1939-1956 2.00 J&D Ms Highway 1941-1946 M&S 98 Keansburg 5 Ms 1939-59.M&N Concord— 1.75 6 2.00 6 0.75 2s St % to 2.75 6 0.75 Douglas County— 5s Highway 1939-46.-A&O 6 0.50 Holdrege S D 5s 1939-55-J&D 6 0.50 to 2.70 6 Par to 3.20 £7 5 % 6s 1940-1954 1.00 to 1.50 1.00 to 1.50 1.00 to 2.00 to 1.75 to 1.65 Gloucester NEBRASKA Beatrice S D 5s 1940-54.-F&A 6 0.50 1939-1940—M&N 6Ms Bridge 193940—M&N 6s Bridge % 1.00 % to 3.00 to 1.50 6Ms 1939-1940 Hennepin County— to 2 5 3.25 J&J to 2.35 6 1.00 6 1.00 to 2.25 4Mb Wat & Sew '39-'50.J&J 6 1.25 to 2.60 5 2.00 1939-1940 ..M&S 5 2.50 Delaware River Joint Com Phila-Camden Bridge— 4 Ms 1939-1945 M&S 5 0.50 4 Ms 1946-1973 114M M&S East Orange— 1.00 4 Ms 1939-1969 -J&D 1.00 5s Sewer 1940-1960.. .—J&J 1.00 3 School 1939-1974. -A&O Elizabeth— 1.25 4Ms 1939-1957 A&O 1.25 5Ms Dec 1 1939-1946.J&D MONTANA MINNESOTA 2.75 Cape May Co— to 2.00 2.50 2.50 Covert roads 9? % to 2.35 1.90 1.70 „ 2.80 3.85 to 3.90 5 2.00 % to 1.80 Springfield 4Ms'39-'49—M&N 6 0.40 University City— 4Mb 1939-1943 M&N 6 0.50 4 Ms 1942-1949 J&J15 6 1.35 Pontlac— 97 Refund 4-4 Ms 1964 opt 1937 6 4.50 4 Ms School June 1 1955 0.40 0.30 to 5 2.00 Cape May— 3 Ms toll F&A 6 0.30 M&N 6 0.75 5 2.00 5Ms 1939-1961 F&A 5 2.00 4Mb Water '39 to '60.M&N 5 1.50 4Mb 1942-1969 J&J 5 3.50 5 4.00 4s 1945-1970 Camden Co— 4Mb 1939-1970 J&J 5 1.50 5 3.25 4s 1944-1968 J&J 4s 1939-51 % to 4.00 Camden— J&J 6 0.40 J&J 4Ms 1940-1953 4MB 1941-1948 Jackson Union S D— to 3.85 Bogota 4 Ms 1939-1946--J&D 5 1.50 Bound Brook 4 Ms '39-'42 J&D 5 1.50 Bridgeton (City)— 4Mb 1939-1958 J&D 5 1.50 St Louis— l to 3.25 5 2.00 (Boro)— Bloomfield4Ms 1939-69J&D15 2.60 to 2.60 to 3.25 less 89 to 3.90 4Ms 1939 to 2.90 to 2.60 to 2.75 less 5 Ms May 1 1941 88 Bergen Co— 5Ms Dec 1 1939-1942-J&D 5 Mb Dec 15 1939-60.J&D15 to 2.75 J&J 6 1.00 59 5 1.00 5s Dec 15 1939-1955. J&D15 5 1.00 to 2.95 1.20 to 2.70 6 2.60 6 2.45 67 58 Bavonne 5s 1940-1949 J&J 4Mb 1939-1955 F&A 4 Ms School 1939-1966.F&A Belleville 5s 1939 & '44.M&N Belleville S D 5s '39-*44 M&N to 3.15 bridge series A-_July 15 *56 100 St Joseph 4Mb 1939-'45—M&S 6 0.40 Refunding 4 Ms May 1 1951 St Joseph S D 4s 1940— ... 65 5 2.50 6s July 1 1939-1944 5 D 4Ms 1939-1955—M&S 5 2.50 to 2.30 to 2MB 1945-1955 to 1.15 to 1.00 4Mb Bridge 1939-57-A&0 , 2.70 0.50 1.30 0.50 0.50 0.50 to 1.00 b 0.60 5 3.00 Audubon 6 0.70 6 2.50 St Cnarles County l b 0.40 0.90 to 0.90 b 0.60 Water 3-4 Ms Jan 1973 to 2.70 5s 1941 to 2.60 to 1.00 to Atlantic County— to 2.70 to 2.70 3Ms 1941-1951 to 3.00 b 0.60 2M-4M.S Jan 1973 to 2.60 6 1.60 6 6 6 6 6 6 6 6 to 0.90 Asbury Park (City)— Refunding 4s 1966— Atlantic City— „ 4MB 1946 to 2.10 less Airport April 1 1948 to 1.80 J&J 6 1.20 Net Emergency Relief 3 Mb Mar* 1940 to 1942 3 Ms May 1939 to 1942 2M Jan 1940 to 1943-. Ed Aid 4M«8er A Jan 1940-42 to 0.75 4MB 1940-1950 4Mb 1940-1950 4.00 % 2. 00 April 15 1957 Port Huron 4 Ms 1942 to 1.85 J&J 6 0.25 .F&A 6 0.25 Ask b 0.60 b 0.40 58 May 1939 to 1941 4 Mb Nov 1939 to 1941.— b 0.50 3 Ms Jan 1940-1941 1.70 1.75 4s 1941-1951 1 to 3 to to J&J 6 1.65 6 0.25 .... 1940-1950 J&J 1939-1950 J&J15 1949.J&D Road 1940 1952..J&J 4 Ms Court h'se '40-'52 J&J Joplin (School District)— 4 Ms 1943-1948 Kansas City— 4Mb Various May 9 *39-'72 4Mb Jan & July 1942—.J&J 4MB 1939-1955 A&O 4Mb Airport 1939-54..A&O 4s Airport 1939-1971—M&S 3 Ms 1939-1974 -J&J 3Ms 1940-1974 F&A 3 Ms 1939-1955 —A&O 3s 1940-1957 -J&J 3s 1954-1975 M&S 2Mb 1958-1975 ....J&J 2 Ms 1956-1975 A&O Kansas City S D— 4Mb 4Mb 4Mb 4MB 1 4Ms N. J. to 1.50 to 1.80 )L ' J&J 6 0.50 6 0.50 6 0.50 Jackson County— 4s 1939-1951 100 M lesslM M&S 6 1.10 A&O 6 1.25 M&N 6 1.70 To or Bid Bonds Net Ask J&D 6 1.75 3s Building 1939-1941 3s State Bldg 1940-1944 to 3.30 97 M 98 M 4 Ms.. 4Mb Road 3s Road 1953-1957 Dearborn— 3 Ms Oct 1 M&S 6 1.15 4MB 1943-1940 Battle 4MB 1940-1949 P&A b 1.50 Bay City 5 Ms w w 1939-1951—M&S b 1.20 Bid Bonds Ask Creek4Ms Sewer 1939-40—M&N b 1.25 Battle Greek S tli ~ To or or Bid Yield Basis Yield Basis Yield Basis Bonds 95 BONDS 4 Ms 1939-1983 M&S A&015 1.50 to 1.50 1.50 to J&J F&A 1939-1972 1.50 to 4M» School Dec 1 '45..J&D 4s Sch house 1959 opt 1949 4s Pas Val sew'61 op <61J&D 4s 1939-1970 J&D b 1.50 3 M« Track elev to 3.30 3.50 -3.60 to 3.80 % 3.50 to 3.60 % 1954—F&A 2Mb Jan 15 1940-1976-J&J 5 1.2 5 % % % % STATE 90 Quotations for al AND MUNICIPAL BONDS securities are as near as possible for the closing day of the month preceding the date of Issue Yield Basis or Bonds Bid Ask Yield Basis To Net _ to 3.30 3.30 78 83 78 — 80 Newburgh— 6 0.50 6 0.50 to 1.75 4s Wat Impt 1942-1963 .j&j ? 1-25 4Ms Wat Impt 1939-41-J&J b 0.50 New Rochelle— 5s 1939-1950 M&N b 0.50 6 0.30 to 2.15 % 6 0.30 123 to 2.10 % 3Mb 3Mb 3Ms 3Ms , 1.00 to 2.25 ft 2.35 to 3.15 1.00 101 98 to 4.25 % b 1.25 to 3.50 5s Impt 1939-1948 M&N 4Mb Refunding 1944--M&N 4Mb Water 1939-1970-J&J Passaic County— 4MB 1939-1946 J&J 4MB 1939-1968 J&D 1.50 b 1.00 1.00 1.00 Pater son— 5MB 1939-1959 M&N 4 Ms Feb 1 1945 F&A 4 Ms 1939-1967 A&O Perth Amboy— 4Mb April 1944 4Ms Water 1939-64—M&S2 5s Feb 1940-1977 F&A 4 Mb refdg 1944 & *46--F&A Plainfieid 4s School 1959 M&N 4Mb 1939-1962 Various-J&J Rahway— 4Mb 1939-1953 J&D Ramsey 5s Water 1939-1940— Red Bank (Borough)— 4Mb 1939-1953 M&N b 1.00 b 1.25 1939-1962 4MB 1939-1969 4Mb 1939-1968 6 0.15 to 1.35 6 0.15 6 0.20 to 1.80 , 6 0.20 6 1.00 6 1.00 to 0.90 to 1.20 % 6 0.40 6 0.30 6 0.30 to 2.25 % to 2.10 % 6 0.40 to 2.30 % ^ , ^ to 1.90 % to 6 0.40 to h00 to 3.00 % to 2.60 to 4.50 1.00 to 2.00 1.00 1.00 to 3.35 to 2.85 1.00 to 2.90 1.50 6 2.50 Sewer Authority— 4s 1940-1964 to 3.35 to 3.25 to 3.20 to 3.20 to 2.85 to 4.00 to 2.40 0.40 to % 2.95 % 3.05 % 0.50 to 3.00 to 2.85 % 6 0.40 to 2.80 6 0.50 to 2.75 % % 6 0.50 to 2.55 6 0.50 6 0.50 6 0.60 % to 2.35 % to 2.60 % to 2.40 % 1.30 to 2.60 to 4.40 to 3.35 % % % 6 1.00 to 3.10 6 1.00 to 3.00 % 6 2 50 6 2.75 to 4.50 to 4.65 J&J 6 2.25 % % % % to 1.25 6 2.25 99 1.25 100 98 100 6 3.00 to 3.25 % 2.75 Albuquerque— 120 to 3.75 1.50 to 3.80 67 4Mb Canal 1964 J&J 2.15 4Mb Canal 1965 J&J 2.10 4Ms Highway 1965 M&S 2.10 4Mb Bar** Canal 1945 J&J 1.40 4Mb Bonus 1939---a&O 4Mb Bonus 1940 1949--_a&0 6 0.50 4s Canal Term 1942 J&J 6 0.90 4s Canal Term Jan 1946.. J&j 6 1.50 4s g High Imp Mar 1958.M&S 6 2.00 4s g High Imp Sept 1958.M&S 6 2.00 4s High Imp Mar I960-- M&S 6 2.05 4s Canal Imp July 1960--J&J 6 2.05 4s Canal Imp Jan 1961 J&J 6 2.05 4s Canal Imp July 1961—J&J 6 2.05 4s Highw Imp Mar 1961 M&S 6 2.05 4s Palisade Park 1961 M&S 6 2.05 4s Canal Jan 1962 J&J 6 2.05 4s Highw Imp Mar 1962 M&S 6 2.05 4s due Sept 1 1965 6 2 05 4s due Jan 1 1966 6 2.10 4s Canal Imp Jan 1967—J&J 6 2.10 % % 2.05 % 2 05 % 2.00 % 2.00 % 1.25 % 0.15 to 1.75 116 115m b 116M 117m 118m 118 1.25 118m 119m 120 115 114m 109 110K 111M 111M 110m 110m 111 M&N ...M&N % 0.75 % 1.35 % 1.90 % 1.90 % 1.95 % 1.95 % 110 112 to 3.30 to 3.10 to 1.20 to 1.50 to 2-90 b 3.10 to b 3.15 to 3.05 105 m 105m 105 h 105 104 m 104 m 107 107 106m 105 m 105m b 3.15 101 3 Ms Corp stock July 1,'75. 3 Ms Aug 1 1939-1978. F&A b 3.15 b 0.50 3.00 107 3.00 % 102 to 100 to 10 j m m 3s Rap Trans 1947-51._ F&A b 2.40 to 2.85 % 98 m 99 3s corp stock Jan 1 1977 J&J 3s Serial 1939-1968 J&J 5.40% to 98 m 5 .40% to 98 3s serial 1939-1973 J&D to 2.10 % % to 3.00 % 5 Ms 1941-1948 M&N 4.15s Sewer 1965-70.-M&N 0.80 2.35 to 2.40 to 1.40 % 4.10% Sewer 1940-1950. J&J 0.40 to 2.20 % % 0.80 A Mb Wat May 1 '41-48M&N 4Mb Sew '39-'46 reg.M&N 5 0.40 3.95 Nov 1 1961-1970-M&N 5 2.35 1.40 3 Ms 1942-1945 M&N 0.40 2s Mar 1 1939-1949 to 2.00 to 3.00 2.90 March m&S 6 2.70 to 2.90 1. 1939-1947.. 6 0.50 to 2.50 Essex Co 481939-1956 m&S 6 0.30 Franklin Co 4Mb '39-'40-m&S 6 0.50 'fr66portma' 4.20s 1939-1945 m&n 16 0.50 4.208sewer 1946-1960-m&n 6.2.00 4Ms 1939-1951 M&n 6 0.50 4.40s 1939-1950 M&n 6 0.50 Garden City 4Mb 1939-52. j&j 6 0.50 Greenburgh (t)— • ! 4s 1939-1951 j&j 6 Greenburgh u s Sch Dist No 9 4.40s 1939-1965 j&d 6 Grototf 6s Wat *39-*50—m&n 6 Harrison (t)— "4 Ms 1940-1980 F&a Hempstead (t)4ms'39-59 A&O 2.30s 1940-1967 J&j Hempstead UnFSDNol6s 1939-1954 M&s Hornell 4 Ms 1939-1947—f&a Hudson Riv Regulating Dist— 4mb 1939-1965 j&j 4.70s 1939-1965 j&J % to 2.20 % to 0.75 % 3s corp stock Feb 1 1979--- > Niagara Falls s d— 4Mb to 2.00 % % to 2.35!% to 2.30 % to 2.20,% to 3.10 1.25 to 3.50 1.00 to 3.80 0.50 to 2.30 0.50 0.50 to 3.60 0.50 to 3.20 0.50 to 3.20 % No 1939-1960 F&A 5 0.40 0.50 to 3.00 0.50 to 1.75 0.50 to 3.00 1939-1942 2.40s 1941-1967 North Tarrytown— -J&D M&N < 5 % to 2.00 to 1.85 to 2.85 to 2.40 to 1.60 to 2.45 to 1.60 to 1.80 to 2.30 0.50 to 1.60 1.00 to 2.50 5 0.40 1939-1951 A&O 5 0.40 Ref 1.90s 1940-1957.. .F&A 5 0.40 5 0.40 2.10s Feb 1 1940-1968 1.70s 1939-1968 J&D 5 0.40 3.70s Ontario Co 4s '39-'51 ..M&lSi Ossining 4Ms 1939-1942.M&S 4Ms Water 1939-1969.A&0 Oswego 5 Ms 1939-1946.-M&N Oyster Bay Water Dist— 4s 1939-1950 J&J Pelham (T) Un Fr Sch Dist No 1 to 1.80 to 2.20 to 2.30 to 2.30 to 2.30 5 0.50 to 2.10 5 0.50 to 1.60 5 0.50 to 3.00 5 0.40 to 1.80 5 0.50 to 2.40 5 2.00 4.60 s 1944-1966--.-- to 3.00 0.50 to 3.00 Poughkeepsie 4Mb '39-52 J&D 5 0.40 to 2.10 0.50 to 2.40 4s School 1939-'59 M&S 5 0.40 Port Jervis 4Mb 1940-'69.J&J 5 0.70 to 2.30 Port of N y Authority— 93 m to 3.20 Gen & ref 4s May 1, 1975. Gen & ref 3 Mb Dec 1.1965- 107 m 106 Gen & ref 3 Ms May 1, 1976 Gen & ref 3 Ms Aug 15 1977 Gen & ref 3s Dec 15 1976.-- 104 105 101m 99 M 102 m . 107 m 108m 106m 100m 108 Inland Terminal— D '40-'41--M&S 5 0.50 110 D '42-'60-.M&S to 3.50 3.90s 1940-1964 j&J 5 1.25 5 0.50 to 3,90 5 0.50 to 3.25 5 0.50 5 0.50 to 1.60 Putnam Co 4Mb 4s 1940-1954 to 2.30 Rensselaer County— 5 0.75 to 1.25 5 0.75 to 2.30 5 0.75 to 2.00 5 3.00 5 2.50 to 3.40 Monroe Co 4s 1940-44 F&A 3.90s Co Bldg '40-'50—f&A 1Mb Jan 15 1940-1942,j&j Mount Vernon— 4mb 1939-1943 A&O 5Ms 1939-1941 A&O 4Mb School 1962-73—m&n 4s Sewerage 1950-55--M&n 2Ms 1939 to 1956 m&s to 1.30 to 3.00 5 0.50 m&s 5 0.50 to 3.10 5s 1939-1943, m&n 5 0.50 to 2.00 A&O 5 0.50 J&d 5 0.50 to 2.35 4mb 1939-1944 4s 1939-1947 1.95 % 1.95 % 3mb 1944-1961 1.95 % 1.95 % 3s 4Ms 4Mb ser ser to 2.50 to 1.00 4Mb 4Ms ser ser E '40-'41 M&S 5 0.35 111 E '42-'60._.M&S '39-'51-A&0 5 0.70 to 0.50 % 112 F&A 5 0.70 to 2.60 2.70 0.70 to 2.70 4Mb Highway 1939-58-F&A to F&A 0.40 to 2.40 4Mb Pub Imp '39-'58.F&A 4 Ms 1939-1959 M&S 48 Imp Sch &c '40-'47_J&J 2Mb 1939-1957 M&S lMs 1939-1940 __.A&0 1.70s 1940-1948 F&A 0.40 to 0.40 to 2.20 0.40 to 1.75 5s '40-'62_ 2.20 0.40 to 2.10 0.35 to 0.80 0.40 to 1.70 Rockland Co— to 2.10 M&S 5 0.50 J&D 0.50 to 2.50 0.50 to 2.10 0.50 to 1.60 F&A 5 0.50 to 3.00 Saratoga Co 5s 1940 F&A 4Mb 1939-1955 M&S 5 "0.35 4s Sept 1 1945-1954—M&S 5 0.75 to 2.30 4MB 1939-1945 Rockville Centre (V)— 4.15s 1939-1952 j&j 5 2.05 to 3.00 j&J 5 1.00 l&a 5 0.50 to 3.10 Rome 4.10s 1939-1950--M&N 1.80s 1939-1945 M&N to 2.30 3.40s July 1 1941-1945,j&j 5 1.40 2ms 1946-1956 V 2.20 to 2.15 to 1.70 Rye & Har'son Un Fr S D No 6 3s July 1 1940-1964 1940-1950 2 Ms 1940-1957 to 2.90 F&A 5 0.50 to 2.85 2.40s May 1 1939-48-M&n 5 0.50 to 2.40 % 111 Holland Tunnel— Rochester 3s 1939 to 1946 Nassau County— % Water 1939-64--A&O 5 0.50 ,to 2.90 4 Ms 1947-1972 J&J 5 2.25 to 3.20 Oneida 4s Water '40-'45-.J&J 5 0.60 to 1.60 to 3.85 Middleport 4.35s '39-'42_j&d MineoJa (v) 4.40s 1939-68 j&J % 107 m 4Mb George Washington Bridge4 Ms Ser B *40 to '53 -M&N _ to 2. Hempstead S D No 7— 4Mb Onondaga Co, 4 Ms '39-47A&0 to 3.00 98 m 98 m l 5 0.40 2 MB 1939-1953 J&D 2Mb Serial 1940-1946.F&A 5 0.40 2Ms assessm't 1940-44. J&D 5 1.00 Parkway Authority— 1.00 3M% Rev 1940- 53-A&O 3M% s f Rev 1968.-A&O 106 M Niagara Falls— 5 0.75 1.95 1.95 % % 109m to 1.55 1.95 2.00 % 2.00, % % 119m 120 M 121 113m 108 M b 0.40 serial 1939-1963 J&J 108 3 Ms Corp stock July 1 *75.. b 0.40 3 Ms Corp stock 1939-1954. b 1.40 3 Ms g exempt 1941 M&N b 1.75 3 Ms exempt 1942 M&N b 2.75 3 1950-53 119 to 3.35 114 4s Ms R T 1948-1950.-M&N 3Msg exempt 1952 M&N 1953 M&N 1954 M&N 3 Ms g Water ex 1954. M&N 3 Ms exempt 1955 M&N 3 Ms stock Apr 1,1954. A&O 3 Ms Corp stock Mar 1, 1960 3 Ms Corp stock Jan 15,1976 3M8 reg Corporate stock 116^ 115 m M&N 5Ms May 1 '39-'52—m&n 5 0.50 to 2.30 U5M 115 % Mamaroneck UnFSDNo 1— 2.15 u4m 1957-M&N 3 Ms g exempt 3 Ms g exempt % 119m 0.40 M&N M&N May 1959 to 3.30 to 2.10 Mamaroneck(t)4m8*39-64j&J YORK 0.15 1.50 118 M % % 5Ms 1953 6s 1947 Beach acquisition, 98 to 1.40 120m 121M b 0.40 % Long Beach 4s 1940 72 95 124 120m 119m 117m 117m 125m 121M 122m to 2.00 Islip 4s 1939-1951 M&s 0.50 to 2.20 Ithaca 4m8 Water 1942—J&J .10 4mb 1940-1954— J&j 6 0.50 to 2.10 Jamestown 4s Mar 20 1943— A&O 1.50 4Mb 1939-1940 A&015 6 0.50" to l'.OO % Lackawanna 4 ms '39-'54m&n 5 0.75 to 3.85 % 2.40 1.50 to 2.25 119m 118m 116m 116m to 2.50 2.75 to 4s to 3.20 to 2.20 Huntington (t) 4s '40-'52_j&j 101 6 3.00 4s Various May 4s Nov 1958 b 0.50 b 0.50 % 2.50 6 3.00 4s Nov 1955 4s Various 1956 to 2.10 to 3.35 % Hempstead 4Ms 1939-65 m&s to 3.10 Feb 15, *41-'66-F&A15 Feb 15,1976--F&A15 Nov 15,1978.-M&N15 Mar 1, 1981 M&S 4s Oct 1,1980--. A&O 4s May. 1977 M&N to 2.75 b 0.50 b 2.20 3Ms serial 1940-1979.-F&A j&j 6 1.40 „ % 114 to 2.65 Apr 15,1972 A&015 Rap Tr & Wat '74 J&D to 1.20 to 3.15 4s 1945-1953 to 2.10 5Ms Highway 1940 J&J 4Ms Dec 16 1952 opt '22.J&D 4s Fund 1939 opt 1919--M&S 3Ms H'w'y deb r46-'47—M&N 3 Ms H'w'y deb '48-'49—M&N 3s Jan 1 & July 1 1949-1952— 2Mb H way deb 1944-45-M&S 2MB 1946-1951 J&D 4MB 1939-1950 J&J 4MB 1939-1950 J&J Middle Rio Grande Conser Dist 6Ms 1939-1973--F&a Socorro Co 6s 1941 op'21.A&O 2.80 4Mb Water 1939-1945.A&o 6 0.30 Erie County— 4mb 1939-1959 j&d 6 0.40 NEW MEXICO 6s Water Works 1962.-J&D to % 1.65 % 4Mb 4Mb 4Mb 4Mb 4Mb 4Ms to 2.60 Cortland Co 4Mb '39-'51-j&j 6 0.30 Delaware Co 4.20s *39-'52a&0 6 0.30 Dutchess co— 1 4s 1939-1946M&S 6 0.40 4s 1947-1954 M&s 6 1.85 East Chester— 4mb 1940-195s F&a 6 0.40 Elmira— to 3.75 to 3.50 6 2.40 to to 2.00 4Mb 1939-1944 M&N 4 Ms 1945-1965 M&N 4 Ms 1939-1963 M&N 2 Ms 1939-1947 M&N New York City— 4Ms June 1965 -J&D 4 Ms 1963 -M&S 4Ms May, 1957 M&N 4Ms Nov 1957 -M&N 4Mb Dec 1, 1979 J&D 4Mb Corp stock 1967-.J&J 4Ms Corp stk 1971 ..J&D 15 4Ms July 1, 1939 to 1955— 4Ms Jan 1, 1977 J&J 4 Ms Sch & Var 1939,-J&D 4Mb I960M&S 4Ms Mar 1, 1962.-..-M&S 4Ms Mar 1, 1964 M&S 4Mb April 1,1966 A&O , Net 4mb 1939-1959 A&o 6 0.30 Corning 5Ms 1939-1960-M&S 6 0.50 to 2.60 100 M 99 % 1.70 % (. Ask to 3.25 to 2.10 6 1.00 6 1.50 to 2.60 Columbia County— West Orange a&O % % 2.00 % 2.15 % 1.90 % 6 0.30 3mb 1940-1964 j&d 6 1.401 3Ms ser f 1940-64—m&n 6 1.40 to 3.00 91 6 1.50 to 2.20 6 0.30 j&d 15 M&n a&o -j&d 5s 1939-1950 4mb 1939-1967 4s June 151960 4s 1939-1958 j&j 3.40s Nov 15 '39-'55--m&n 3.10s Oct 15 1939-46.a&0 2.60% Relief 1939-45—j&j 2Mb Oct 15 1939-56.-a&o 2.20s Jan 15 1940-1947-j&j to 2.40 6 0.40 to2.25 % to 2.20 % 6 0.40 2s Mar 1 1940 1956 Buffalo— 5mb 1944 I A&O 6 3.00 Union Township Sch Dist— 4Mb 1939-1968 J&J Ventnor City refunding 4-5 M« Vineland (Boro)— 5 Mb 1939-1950 M&S Weehawken— 3Ms 1941-51 opt '40—A&O 3 Ms 1940-1979 J&J Westfield— 5s June 15 1939-1960—J&D 4Msl939-1966 a&O West New York— 4Mb Oct 1 1939-1968.-A&O 6« School 1939-1961—M&N % to 1.10 % 6 0.50 6 0.75 6 1.00 -J&J M&S J&D J&D % % to 1.20 % to 6 2.40 % to2.00 % 6 1.65 b 1.25 6 2.00 1950-1965 / Fiat. to 2.05 6 0.20 to 1.50 5MB 1939-1951 a&O 1.50 6s School 1939-1955—A&O 1.25 4Mb 1940-1966 F&A 1.25 4Mb 1940-1960 F&A 1.25 4s City Hail 1939 J&D 2Mb gen fd & ref '40-68 F&A 1.00 Union City 4 Ms 1939-'64.J&D 1.75 Union County— 6 0.75 4Mb Oct 16 1939-1952 4Mb Rd&Bdge'40-'47-F&A 6 0.75 4s Oct 1 1942 A&O 2.80s Gen Impt B June 1 5 Basis. 125 6 0.40 2mb 1939-1945 m&n 2.70 2Mb 1945-1953 M&S to 2.80 % 2mb 1940-1978 M&s 2% 1939-1955 m&n to 3.30 Albany Port District— % to 2.50 % 4s 1939-1972 m&n Auburn 1.60s 1939-1958-F&A to 2.60 % Binghamton— v to 3.00 4Mb Oct 1 1939-1971—var. Trenton— NEW ... 125 92 „ 5s Jan & Mar 1 1939-1945 5s Jan & Mar 1946-1970 4Mb Highway 1963. M&S j&j 123 M&s 6 0.15 0.u 125 90 b 1.00 Tenafly 4Mb 1940-1963.F&A Highway 1940 123 123 1215 99 4Mb School 1941 F&A 4Mb Imp & sch *39-'60,J&D 1.00 Sussex Co 4Ms'39-*44—_M&S 0.75 4s Impt 1939-1955—M&N 6 0.75 6s ----- 93 90 Summit— Gen ref 3 Ms 1940-1959 to 1.90 4m 1939-1970 j&d 6 0.30 4s Munic & Sch '40-'63_j&j 6 0.30 3m 1939-1971 —-j&d 6 0.30 5 MB 1939 -J&J 4MB 1939-1968 M&N 6 1.00 Sea Isle City 5s 1942 75 F&A Somerset County— 4MB 1939-1949 -J&D 6 0.75 4Mb 1939-1952 -J&J 6 0.75 South Jersey Port District— South Orange— 4s 1939 to 1944 3s Canal 1957-1959 3s Mar 25 1939-1987 2Mb Dec 8 1939-1987—J&D Unemployment Relief— to 2.00 % 2Mb July 6 1939-1947--j&j General State Improvement— to 3.80 2Mb July 6 1939-1962--j&j % to 3.70 % 1 ms Sept 10 '39-46-m&s 10 3.10 Emerg Unemploym't Relief— to 3.00 % 2mb Sept 25 '39-'43—M&S 2Mb Sept 25 '44-'45—M&S to 2.25 % 1 ms Sept 10 1944-1946 to 3.15 % Albany County— 4mb 1939-1960 M&s to 3.90 % 3Ms Fund 1939-1941. M&n 2 Ms refunding 1940-'57.j&j 3.15 to 3.70 % Albany (City or)— 4m 1940-1969 m&n 98 Ridge wood 4Mb 1939-62.M&N Terminal— 4Mb 1939-1973 M&S A&O Mar 15 1939—m&s 15 Mar 15 '40-'81—m&S 15 Mar 15 1939—m&s 15 Mar 15 '40-'81—m&S 15 Canal Jan 1 1956.-.j&j Canal July 1 1958 j&j Canal Jan 1 1959---j&j % 93 _ Marine Imp Mar '67—m&s 6 2 10 Eliminat'n of Grade Crossings 4Ms 1939-1940 M&S b 1.50 6Ms General improvement 1939-1951 -J&D 1.50 _ 3s g 3s g 3sg &100 b 3.00 Passaic— 6s 2.00 2.00 4s Bldg constr '40-'49 4s Apr 15 1940-1955 to 3.20 to Bid Bonds 6 2.10 4s Highw 1.25 1.25 1.25 To or Ask 4s Palisades Park 1967—m&s 4s Bldg constr 1939 M&S New Brunswick— 45*s 1939-1957 F&A 4 Ms Sell & wat '39-'69,J&D 4Mb 1939-1967 J&D North Arlington (Borough) Refunding 4s North Bergen ref 4s-4Ms-Nutley (School District)-4Mb 1940-1942 F&A 4Mb 1943-1967 f&A 5Ms Nov 16 1939 M&N Ocean Oity5s 1944 F&A 4Mb Impt May 15 1939-'56 Ocean Co 4Ms 1939-'60-J&D Orange— 4Mb Sewer 1939-1964-A&0 Yield Basis or Bid Bonds 4.40sl939-1953 _ _ 0.50 to 2.25 * March, 1939] STATE Quotations for all securities are as AND MUNICIPAL BONDS Yield Basis Bid Saratoga Springs— 4Ha Park 1939-1940—A&O Scarsdale 4H» 1939>-45—J&D Schenectady— 1939-1948 1939-1960 Ask Bonds J&D A&O to 0.75 to 1.75 0.40 0.25 to 0.80 to to 2.25 0.40 0.40 to 1.50 2.20s 1939-1950 1.80s 1939-1950 0.40 to 2.00 0.35 to M&S M&S 4 Ha J&J 1942-1958 1.25 6s Dec 15 1939-1948 to 2.00 1.00 to to 3.00 0.40 to 2.25 F&A 0.40 0.50 to 2.00 0.40 to 2.20 Sullivan Co 4Ha 39-'45-A&0 0.50 to 2.00 Syracuse— 5Ha 1939-1960— M&S 0.50 to 2.60 M&N J&D15 F&A b J&J15 b J&J15 b 0.40 to 1.75 1939-1951- 4Ha 1939-1944 4.20s Dec 15 '39-71 4s 1939-1946 3Ha 1939-1951 3s 1939-1971 2.20% 1939-1957 0.50 to 0.40 to 2.20 Thousand Isl'dse 0.25 to 2.40 to 2.20 5s to 2.00 1.60 to b 0.30 b 0.50 to 1.70 1.70 to 1.50 4Ha 1939-1958 M&N 15 4 Ha 1939-1973 J&J 4s refunding 1948-56—J&J 3s refunding 1956-68—J&J b Union Free Sch Dist— 2.80s 1939-1958 M&N 6 1.00 Sept 1939-1947 to 3.25 to 3.25 to 3.90 to 4.00 4s 0.50 to 2.40 J&D 0.60 0.50 to 2.75 0.40 to 2.60 0.30 0.50 to 1.60 to 1.85 4.15s 1939-1950 M&N 1939-1946——A&O 3.90s 1940-1948__ F&A 0.25 0.30 to 1.90 4.10s Ashland 5 Canton— 3 Ha May 0.50 0.30 to 1.70 4Hs J&J 6 0.25 J&J 6 0.25 5s 1939-1945 1.50s 1939-1946. to 2.00 6 0.50 b 0.50 to 3.15 5 Hs 1940-1970 b 2.75 b 0.50 5s W W 1939-1968 to 2.90 6 2.50 6 0.50 to 3.00 4Ha Grad Cros'39-'54-A&0 4Hs Fire Dep '39-*55—A&O 4 Ha 1939-1950 M&S 4s Sewage 1939-1958—M&S 3 Ha 1939-1949 A&O 3 Ha 1939-1956 A&O 3 Hs 1944-1953 M&S 5Ha Jan 1940-1961 —-A&O 6 1.00 5s 1939-1961 A&O 6 1.00 4 Ha July 1 1939-'62—A&O 6 1.00 4 H a Mar 1 1940-'56—-A&O 6 1.00 4s 1940-1958 —F&A 6 1.00 3Ha 1943-61 J&D 6 2.50 3.30s April 1 1939-1956 3.10s Oct 1 1939-1964 2Ha gen 6 1.00 6 1.00 & ref July 1 '43-'46 6 2.50 NORTH 2.45 to 3.50 to 3.60 3.50 3.40 3.25 3.25 to to to to to 3.25 to 3.20 to 3.10 to 2.75 4Ha 1940-1962— 4 Ha 1939-1968 4a 1939-1908 3 Ha 1940-45 2 Ha 1946-47-482 Ha 1940-1948 — . J&J J&J A&O ——A&O A&O 2s 1948-1949 Asheville— A&O J&J 2.70 0.50 0.50 0.50 0.50 1.75 to 2.00 0.50 to to 2.60 to 2.70 to 2.70 to 2.70 to 1.70 1.95 —J&J 6100H tolOOH l-4s gen ref July 1 1976 36H 37H 36 H 37H Buncombe County— 1-48 gen ref July 1 1976 Charlotte— 5 Ha 1939-1948 M&N 4Ha 1939-1970 4 Ha 1939-1979 3Ha 1940-1959 3a 1960-1977 2Hs 1941-66 Durham— M&N M&N F&A —F&A M&N 4 Ha 1939-1966 J&J 5s Water 1940 to 1945-J&J Durham County— 4 Ha 1939-1951 J&D Forsyth Oo 4 Ha '39-'68-J&D Greensboro— 5a Water 1942 0.75 0.75 to 2.60 0.75 to 0.75 2.75 to 2.85 1.00 to 2.60 0.75 to 3.00 0.75 to to 3.00 3.05 to 2.85 2.10 0.75 to 2.75 0.75 6 3.50 2.00 1.25 1.50 1.50 1.50 1.50 1.50 6 2.65 to 2.40 J&J 4H« 1940-1965. F&A 4s Water Works 1954—J&J Ref'g 3 «s 1957-1962— J&J 1.25 to 3.75 1.25 to 3.75 3.35 to 3.25 3.45 to 3.50 Greenville 6s W W '58—F&A 3.75 to 3.60 to 1.75 to 3.00 to 2.60 to 1.85 to 3.50 3.00 to 2.75 to 1.25 to 3.00 to to 2.75 to 2.00 % 2.75 1.25 to 2.10 % 2.25 1.30 Ref 1-5% 1967 to 3.00 to 2.85 0.75 1.50 0.75 0.50 to 1.00 0.50 to 1.25 39 2.00 % % J&J M&S Eugene 5s 1942 Multnomah Co—4Hs Bridge 1939 1944-J&D 4 Ha 1949-1956. F&A 4s Bridge 1945-1955—J&D to 1.75 to % 2.00 to 2.50 to 1.50 1.00 4 Ha 4s July 15 1939 to 1.85 5s Harb Dev to 2.10 4Hs Dock 1943 M&N 4 Ha Oct 1939-47 A&O 4Hs 1939-1960 M&N 4s Water 1939-1955—M&N 4s Water 1939-1958 J&J 4s Water 1940-1959—F&A to 2.00 to 2.10 101 to 0.75 1.00 J&J15 to 2.85 to 0.75 J&J15 July 15 *40-'45 to 2.20 2.50 M&N Multnomah Co S D No. 1— Portland— 45 2.30 5s Road 1939 1.90 to 1.90 to 2.00 to 1.00 1.25 1.00 1.00 1939-50-M&N 0.50 0.50 1.00 to 0.50 to3.05 % to 3.00 to to 3.25 to 2.65 to to PENNSYLVANIA 1H% Tax antlcipa'n notes— Series "DT" May 31 1939— 100 5s to 3.30 M&S 6 1.50 F&A 6 18.0 F&A 6 1.00 to 2.80 4 Ha to 2.40 -F&A 6 1.00 4 Ha July 1939-1958 4s Bridge 1942- to 2.40 July 1 1951 Series G—J&J 130 132 4 Ha Dec 1 1951 100H 101 opt '37—J&D 4 Ha 1939, 1944. 1949 J&J b 0.30 to 1.95 4s Highway Apr.l to 3.00 1940, 1942, 1945, 1947. 1950, 1952 b 0.75 3Hs Turnpike Revenue— 1947-1968 97 H F&A Allegheny County— to 2.70 to 2.40 A&O b 1.25 2 Ha 1939-1968 A&O „ 4Hs Sewer 1939-59 J&D Altoona— 4Hs Water 1940-1960-M&S Bethlehem School Dist— 4s 1940-45-50 Braddock 4Hs '39-'41--M&N Cambria Co 4Ha Nov 1 *39-'45 Phala-Camden— 4Hs Sept 1 *67 opt '41 Easton 2 Hs Water works— 1961 .00 J&D2 6 1.50 4Hs water 1939-1952—A&O 6 1 50 Martin's Fy 5s 1939-'44-M&S 6 1.50 to2~66 to 2". 00 to 3.25 to 3.50 2.65 ?60 2355 2.45 2.50 to 2.45 to 2.20 to 6101H to 3.50 6 1.80 6 100 6 101 to 2.70 2.60 to 2.65 % to 3.00 —.F&A % 1939-1966 4Hs 1939-1960 105 H 114H M&S 6 0.85 F&A 6 1.10 Erie S D— 4Hs Jan 1 1940-1946 6 1.50 Fayette County— 4Hs Highway 1952—J&D to to 2.50 2.70 % to 2.40 to 3.00 4s May 15 1939-1953 6100H to 2.25 % Jeanette 4Hs 1940-1956.M&S 6 1.70 to 2.85 Lacakwanna Co 4s 1944-F&A 2°30 Lancaster Oo 4Hs *40-'60F&A 0.75 to 2.40 Lancaster 8 D 4s May 1945— 1.60 1.50 Lower Merion Twp 4s 1945 2.20 2.00 McK'p't S D 4Hs *39-43 M&N Par to 2.35 Mercer Oo 5Ha '39-'47—F&A Par to 2.30 % Norristown S D 4Ha 1943.J&J 2 10 1 Philadelphia—' to 2.50 5s Jan 1951-.— 58 June 1 1962 opt to 5s June I 1982 opt '52. J&D 1.50 % to 2.25 % % 3.20 Harrisburg— — to 1.75 Conservancy Dist— 5Hs (1 to 5 yr mat'y)__J&D 6 0.50 5Hs (5 to 10 yr mafy)_J&D 6 1.50 - — F&A 5s Park & Imp '39-41-A&O 57.25 Lima 5 Ha Sewer 1939-1947— 6 2.00 5s Sewer Feb 1 1940-*51 F&A 6 2.00 Lucas Oo 4s O H 1944—M&S to 3.00 Easton-Phillipsburg 4H&. to 2.95 2.10 98 H 6 1.70 Del River Jt Oomm Bridge to 1.60 to 2.50 Cleveland— 4H8 gen imp 1939-43--A&O 6 1.00 to 2.10 Liverpool 4g 1940 J&J Elyria 4Hs 1939-1952—M&S 67.00" to 2.85 5s W W 1939-1946 J&J 6 1.00 to 2.60 Fostorta 5s W W '39-'40-M&S 6 1.00 to 1.75 Hamilton County 4 Ha Sewer Oct 1 1939-'47— 6 7.00 Lakowood— 4Hs Oct 1945 —A&O J&D 6 0.90 F&A 6 0.30 2Hs 1940-1961- Allentown— to 2.75 East 4Ha 1943 1940-1962- to J&J 6100H to F&A 4s 1939-1958 M&S 5165" to 2 Hs Dec 1 1939-1965-J&D 6101 to 2 H to Apr 1 1939-1967—A&O 6100 to 2.40 A&O 6 2.bb~ to 2 .90 4Hs 1939-1943 —A&O 6 2.00 to 2.80 4 Ha Road 1939-1941—A&O 6 2.00 to 2.25 4s 1939-1941A&O 6 2.00 to 2.25 East 2.75 2.75 % 3.00 % 6 1.00 Dayton— 5Hs W W Imp 1944.-J&D 5s W W Imp 1945 F&A 4Hs Bdge 1939-1951--M&S 6 Too 4Ha 1939-1940 M&S 6 1.00 4Hs 1941-1961 M&S 6 1.75 Dayton School Dist— 5Ha 1941 5s Mar 16 1939-1946-M&S10 6'l.50 2.30 2.85 to 1.50 to 2.70 to 3.60 % to 3.15 % to3.10 % to 2.75 J&D 19 6 1.75 2.75 0.50 to 4 Ha 1939-1944 4Hs 1939-1940. 1.00 1.00 OREGON J&J lid '52.J&D 112 112 105 4H« May 1948.——J&J 4Hs Nov 1 1948 J&J Ohio municipal bonds issued since Jan. 1, 1913, are taxable, all bonds issued prior to that date are tax-exempt. 1.00 2.00 % 1.00 3.65 2Hs May 15 1939-1940 3 Ha May 15 1941-1945 2.00 4Ha H'way '39-'49 (s-a)-A&O 2.75 4s Highway 1939-1942 A&O 4s Highway 1939-1941--A&O 3.25 % 6 1.50 6 1.50 5s 1939 Miami % 2.60 % 1.00 1.50 1.00 3.60 to 2.80 Mahoning Val San Dist— F&A to 4.10 to Cuyahoga County— to 2.85 to to 2.75 to 4.20 to 2.70 s-a Columbus S D— 5s 1943-1952 , 4 Ha 1940-1963 * 4Ha 1939-1955 2 Ha 1940-1959 to % to 4.10 1.50 6s 1940-1957 4 Ha 1940-1953 CAROLINA 5a July 1961 6 3.50 6 3.50 6 2.25 6 1.50 1939-1963 A&O 2 Ha 1939-1951 M&S 2Hs 1939-1951 M&S Cleveland Heights S D— 6s 1939-1959. A&O Columbus— to 2.60 2.00 % % to 3.50 J&D J&D 3s to 2.75 to to 3.10 1.00 5Hs July 1946. F&A 5Hs Wat & Pk *40-'49-F&A 5s 1940-1947 F&A to 4.40 1.00 1939 to 1956— 6 1.00 1939 to 1976— 6 1.00 to 2.75 3.25 to 3.00 3.10 % 2.50 1.50 County Highway 4Hs 1939-46 A&O Okmulgee 5s Mar 15 1943 to 4.00 6 1.50 6 to 3.00 to to 1.50 1.50 5s Water 1939-1947.-.M&S 4Hs Water Works 1941 J&J S D 4Hs 1940-1953 J&J 3.25 % 6 3.50 M&S 6 1.00 b 2.20 b 0.50 to to 3.20 4Hs Aviation 1940-53.J&J 6 1.00 Oklahoma City— 3.25 M&S to 2.20 4Ha 1940-1959 (reg).-M&S 6 0.50 3.90s 1940-1954 F&A 6 1.00 6 2.00 2Ha Sept 1 1943-49 Wolcott 4 Ha Jly 15'39-'42J&J 6 1.00 Yonkers— 1.00 1.00 Astoria— to to 2.50 2°25 Muskogee— A&O b 2.75 to 2.50 1 to 3.10 OKLAHOMA 2.00 3.10 6 3.50 A&O 6 2.50 b 0.50 3.20 3.10 to 3.10 6 3.75 M&S 6 1.00 1 Ha Wat. wks. *40-'79 M&S 6 0.40 Cincinnati (School Dist) 3Ha 1940 opt 1912—A&O 100 Cleveland— to 3 .10 A&O 6 1.00 to 2.85 2 Ha Sept 1 2s Sept 1 1939-63 to 2.80 6s Feb 1 1940-1952 Ha Sept 1 to 3.10 due June 30 1940 to 1946— 6 0.50 3 Ha Sept 1 1939-1962 100 98H 6 2.50 J&J 6 0.50 2s 1939-1951 White Plains— 6 2.50 M&S 4s 1939-1956 2 4H8 Bridge Rev '67-M&S Westchester County— 5s 1939-1976 J&D 4H8 San Sew '39-'82—J&J 4H8 Parkway 1962-86-J&D 4 Ha Oo Bldg 1939-44.-A&O 4Ha *44. '45, '56 & *69 J&D 4s Co Bldg 1940-59—M&S 4s June 1 1959-1964—J&D 3Hs 1939-1951 J&D 3 Ha 1952-1980 J&D 3Hs 1939-1951 J&D 3 Ha 1952-1963 J&D 1.50 1.50 3.60 6101H to!30H 5Ha Imp Feb '46-'ol—F&A 6 1.75 5s July 1 1965 J&J 4H8 July 1943 -J&J 4Hs Sewer 1955 A&O to 1.35 to 3.15 to 3.00 1939-1950.A&O 6 2.00 1939-1944.A&0 6 1.00 5 Ha 1941 Thousand Islands— 1.50 2.65 6 1.00 6 1.00 4 Ha Dec 5 1939-1942—J&D 6 1.25 4.40s 1956 to 1.80 2.25 % 5s 1939-1944 M&S Zanesville—5s City Hall & Market 1939 M&S Zanesville S D 5s '39-'43-A&O to 3.05 to Cincinnati— to 2.60 J&J J&J 6 0.25 s to Tulsa— Canton School Dist— 5s 1954 2^50 1942 1939-1953— .s 1.25 LOO Oklahoma 5s Sewer 1953 6s Water 1944-1959 to 1.75 15 '39-'51—M&N to 2.00 Revenue 2.75s 1940-66 A&O 0.80 to 2.60 Rev 2.60s 1967-1969-A&0 6100 to Warren Oo 4 Ha 1940-'50-F&A 6 0.75 to 5Ha highway 1940-'53.F&A 0.75 to 3.00 Warsaw Union Fr S D No 10— 4 Ha 2.90 to 3.10 (See footnote *) Allen Co 5 Oct 6 1.00 38 Forks— -J&J 2.00 % 2.60 to 2.75 Funding 1H% to 2H% Sewage Dis 1939-65-M&N 4Ha Pub Imp '39-45-J&J15 4.20s 1940-1949 F&A Utlca— 4Hs 1939-1942 Watertown— / 36 H M&S 6 1.00 Akron 6s 1939-1940 A&O 5Ha 1940 1951 J&J 5s Water 1939-1953. —A&O 4 Ha 1939-1947 A&O 4Ha 1939-1952 A&O 4 Ha 1939-1956 A&O 4s Water Works 1942.A&0 to 1.00 to 4Ha 1939-1959 A&O 4Hs 1939-1956 A&O Youngstown— 6s Bdge 1939-41 -A&O 4Hs 1939-1957 —A&O Youngstown School Dist— 4Hs 1944-1947 M&S 3.30 Grand 1.50 -.M&S Toledo School Dist— 3.25 to 2.80 _ 4Ha 1939-1950 4Hs 1939-1970 4Ha 1939-1965 3.50 Fargo 4s Aug 15 1939-1954— 6 2.00 to 3.20 OHIO A&O A&O to b 12$ 5s Farm L'n 1940-45&*50 J&J b 2.50 5Ha 1945 & 1948 ser O—J&J 6 3.30 4 Ha July 1951 & 1955 J&J 6 3.40 4Ha Jan 1957 J&J 6 3.40 1977 A&O 111 110H 1942-*68— b 1.75 to 3.30 % 6s 1939-1940 reg 3.20 3.00 revenue Troy— to NORTH DAKOTA to Bridge— revenue 3.90 3.35 to 3.45 to Winston-Salem— See "Watert own" Ticonderoga S D No 5— 4Ha July 1939-1958 J&J b 0.50 Tonawanda (City of;— 3 Ha sewage 1940-69—J&J 1.25 4Hs 1940-1942 —J&J 2.00 4Ha Sewer 1939-1953—J&J 2.00 5s Water 1939-1950—J&J 2.00 6 Ha Water 1939-1950.-J&J 2.00 4s serial 2.50 A&O 1939-1955 . 6 3.55 to 3.75 6 97 H 95H 6101H to 101 Wilmington— 5s Ref & Impt 1955—A&O 6 3.05 4Ha 1939-1962 A&O 6 0.75 4Ha Pub Imp 1940-60-J&J 6 0.90 to 1.90 0.25 F&A 4Ha 1948-1959 F&A Rutherford Co 5s '39-'52„J&J Salisbury 6s 1939-1941 —M&N Transylvania County— Road & Bridge 6s 1949-50-- to 3.00 to M&S Summit Oo— 4H 1939-1940 edi Tole__ to -M&N b 3.20 M&N 6 3.35 A&O 6 3.15 M&S b 0.50 2.10% Aug 15 1946-1947—lHa 1939-1948 F&A lHa 1939-1946 M&S 4s s f 2.85 M&S b 0.50 2s 1939 1956. Trlborough 1944--J&D 6 3.00 A&O 6 1.25 Randolph County— 4 Ha 1939-1947 to 2.10 2 Ha High & ref 1940-57 M&S 2.20s June 1 1939-1962 J&D J&J 6 1.50 4Ha 1939-1954 M&S15 4Hs 1939-1953. M&S 4Ha Nov 1 1939-1953 4s Park July 1 1942-.-J&J 3.70 1946-19503Ha 1951-1956 3s 1955-1970 _ 3 Ha J&J 6 3.85 4Ha 1939-1967 2.50 1.75 5s W W 1939-1944 F&A 6s Pub Wharf I960-.-M&S 5s Sewer 1949 M&S 2.80 Raleigh— 3.00 to 1.00 1.00 4s to 3.50 5s Impt June 1 to Springf'd 8 D 5s 1939—J&J2 M&S 6 3.10 4s 6 1.00 4 Ha 1940-1950 Springfield— 4Ha 1939-1949 3.50 M&N 6 2.95 5s Fund June 1959 to 2.00 1.50 Net Portsmouth City S D— to 4.40 4Ha 1943-1947 to 1.50 Ask 1.00 Newark 4 Ha 1939-1941--A&O H to92H 3.90 to Bid Montgomery County— 5s Flood Emerg '39-'42 J&D % to 92 6s Ref Nov 1950 Pitt County— to 2.30 1.00 Bonds County— to 3.40 To or Net Mecklenburg Oo— 1.80 0.50 Ask 5s Bridge 1940-1951 —-F&A 6 1.25 Schenectady County— Solvay 4Hs 1939-1940---F&A Somers (T) 4Hs'39-'53-M&N Southampton— 6s 1939-1971 M&N Suffolk County— 4 Ha 1939-1957 A&O Bid 4 Ha 1939-1957 M&N 6 1.00 High Point 4Ha 1940-48-J&J 6 94 5s Wat Serv 1939-1968 J&D b 98 Iredell Co 5s Aug 1 '42-F&A b 4.20 4 Ha 1939-1950 A&O b 1.75 Lincoln Oo— 1.75 0.25 Oct 15 1939-1944--A&O 2Hs 1939-1955 A&O 4s Yield Basis To or Net Guilford 0.25 0.35 6s Dec 16 1939-1941 4.30s 4.15s Yield Basis To or Bonds 97 possible for the closing day. of the month preceding the date of Issue near as 6 Basis. 105 / Flat price. 115 115 AND MUNICIPAL BONDS closing day of the month preceqing the date of Issue STATE 98 Quotations for all securities are as near as possible for the Ask Bid Bonds 103 4* 106 43is Dec 17 1978 J&J 100 4s July 1939 J&J 4s July 1942 J&J 1014* 4s Jan 1 1946 —J&J 102 4s Feb 16 1955 J&J 104 4s Nov 1 1966 J&J 106 4s July 26 1972 V-J&J 102J4 334s July 1 1986 opt 1956— Philadelphia School Dist—• 6 1.00 434s 1939-1943 --J&J b 2.75 434s 1941-1959- — . £M&N b 43?s Apr 15 1939-58-A&Ol 5 -J&J J&D 4s 1939-1942 4s 1939-1956 1063* 4 4*8 Rural Credit— Due May 1 1943-'50-M&N 6 2.80 2.50 Ref 4s 1.00 to 3.50 b 1.00 to 3.00 Jackson b 1.00 to 3.50 b 1.00 to 2.00 444s fund 1939-'47.M&N15 Perkins Co refunding 3-4s Stanley Co refunding 44*s to 0.50 Par to 2.30 Par % to 2.00 0.50 —J&J b 1.95 43is Impt 1940-1945—-J&J b 1.00 York 434s 1940-1943 F&A 1% Relief 1.00 Cranston— 19404966----.-----J&J 43*s Mar 15 5s 1939-1942 '39-73-M&S15 A&O 1.50 b 1.00 < 43*8 1950 43*8 Sewer 1952 434s School 1954 J&J ...J&D M&N Providence— _ 434s 1939-1959 J&D 4s Jan 1 1945 J&J 4s Oct 1 1954 A&O 4s May 2 1957 M&N2 4s Water 1962 J&D 4s Oct 1 1964 ---A&O 4s 1939-1950 J&D 3s 1944-1951 J&D 234s 1940-1957 F&A 2s May 1 1939-1958— WPA School Loan— 3s 1946-1965 J&J Woonsocket— 43*4 funding _ _ 1941 —J&D 1939-1961-—-M&N 43*s 1939-1967 J&D 43*s Funding 1944- - - .M&N 43*s 1939-1967 J&D 4 34s June 1939-1957 —J&D 5s Funded 1939-1959—A&O 4s Funding 1947 A&O 6s Fund SOUTH less 32*s Nov 1 1939-1967-M&N 4* 3.00,% to to 1.25 3.10,% % 6 2.40 2.20 0.60 to 0.90 0.60 to 2.10 44*% Refunding 5% Bridge 1944 to 1.25 to 2.20 Ref 44*s 2.60 2.40 Houston— 2.75 2.65 1.00 to 2.75 1.00 to 3.00 0.85 2.10 0.50 1.80 42*s Sept 1939-1952--M&N 4 4*s 1939-1957 J&J 44*s Impt 1940-55(s-a)-J&J 4 4*s 1942-1947 Houston S D 5s Feb 1952 J&D 6 2.15 2.30 6 0.50 6 2.00 6 2.50 2.35'% 6 2.60 2.45 2.60 2.45 6 6 0.50 '39-J&J 4.10 3.90 4.10 3.90 4.20 4.00 6 0.50 6 1.40 to 2.50 6 2.30 6 1.50 \Aiof.ar A> to 99 2.00 77 to 3.75 6 4.75 to 3.25 to 1.50 to 0.50 to 3.25 0.75 to 2.90 3.00 to 3.15 5s Water Works 1942—J&J 6 2.25 4 4*s Water 1939-1968-J&J 6 2.00 to 3.50 6 2.60 6 1.00 to 3.50 2.40 6 1.00 to 3.35 6 to 1.00 3.90 3.70 3.20 6 3.00 2.75 % 6 6 1.00 99 43*s ctfs indebt 1939-53.J&D 4s Instltu'l 1939-1959 J&J 334s Refunding 1940-55 3.10 % 103 103 104 104 99 1004* 101 103 103 105 104 106 6 3.75 a 1004* 101 1024* 6 2.00 ' Ctfs of Indebt iy40-49. J&D State ctfs of Indebtedness to 3.00 5 1.50 to 2.75 , „ to 2.75 J&J & 1.00 254s Highway Oct 1 '45-'54— 5 2.50 Aiken Co 44*s 1940-1945.F&A 5 1.50 Anderson Co— 3s Jan 1 1940-1952 , % _ . to 2.75 2.75 6 0.50 to 2.50 % 6 0.50 to 2.90 6 0.50 6 2.75 % 2.50 % 6 3.10 2.90 6 0.50 6 3.25 ref 1939-76 M&N Greenville Co 43*s'40-'55_ J&J 43*s Hlghw 1940-1945.F&A Greater Greenville Sewer Dist 43*r 1967 M&N 3s sewer 1939-1948— J&D 254s sewer 1949-1958.J&D 6 0.50 to 3.15 5 1.00 5 1.50 to 3.00 5 4.00 5 2.70 to 2.50 6 0.50 to 2.75 6 0.50 to 2.75 6 0.50 to 2.75 I % 6 0.50 2.40 % 4.40 % 2.75 % 6 3.00 2.90 to 2.90 1940-1946.F&A 5 1.50 to 3.00 2.75 % 2.60 % % 2.80 1.00 to 2.75 6 1.00 to 3.50 to 2.25 5 3.25 3.00 Spartanb'g Oo 43*s'39-'47M&S 5 1.50 Sumter Oo 5s 1910-1952..J&J 5 1.75 to 3.00 1940-1950-J&J 5 1.75 to 3.00 5s Nov 1 1943 1959-196515 Austin— 6s 1939-1942 6 1.50 to 4.00 % 3.75 % 3.60 % Beaumont— 5s Water Works to 2.10 5s / Flat price, ' ° to 6 0.50 to 3.00 6 0.50 6 2.50 0.75 to 2.60 to 2.25 1 6 2.15 less 6 1.40 to 6 0.50 to 1.00 J&J *2.50 to 2.50 1962 24*8 Refunding 1947-'60—J&J 12*8 Refunding 1939-'46—J&J Albemarle Co 5s 1948 Alexandria— 3s 1939-1973 J15 & D -15 *0.75 Arlington Go 54*s '40-'54 F&a *0.75 Bristol 5>*s Sch 1940-53 J&J 6 2.00 - 2.00 % to 2.85 to 3.15 to 4.10 M&S J&J 6 3.00 less 1 6 2.90 less 1 44*8 July 1 1939-1950--J&J Fairfax Co 42*8 1945—F&A2 Henrico County— School 5s 1940-1950 J&J 4 4*s June 1 1957 J&D Lynchburg— *0.50 6 2.50 2.75 less 1 *0.50 to 2.60 6 2.65 less Charlottesville 5s 1962 5s Water Impt 1958 Danville— 4s Pub Impt 1940-1959-J&J *0.50 Newport News— 44*s 1940-1958 3s Jan 1 F&A *0.75 *100 1940 * 1.00 44*s 1940-1972 6 2.85 5% Water May 1952 5% Port Terminal May '52. 6 2.75 Petersburg 44*8 1952—A&O 6 3.20 44*s 44*s 44*8 4 2*s 24*s % % , A&O F&A J&J J&D 54*sl951 44*s 1939-1954 5e Water 1948 2.50 % to 2.80 % 3.50 to 1 to 2.35 to 2.85 less 1 to 3.40 less 1 less 1 less 6 3.35 1 less 1 * 1.00 to 3 25 6 3.15 less 1 6 2.15 less 6 2.00 6 1.00 to 100 to 6 3.40 to 3.75 % % 2 less 1 to 1.75 1939-1968.A&O 1940-1958-J&J * 0.50 to 2.40 6 0.75 to 2.40 *0.75 1939-1956—--Staunton 5s 1939-1958—M&S *0.75 to 2.65 1939-1953 Roanoke— 22*8 Water 24*s Jan 1 44*s * 3*40 6 1.00 less *0.50 to 3.65 % 3.00 % 1958 J&J July 1 1964 J&J 6 2.30 * 100 July 1 1941—J&J July 1 1965 J&J 6 2.25 1 less 1 J&J 1.00 1939 1 to 2.35 VIRGINIA to Tazewell Co 5s 1940-46—J&J Washington County— 5s school 1940-1949——J&J *0.75 0.75 to 3.10 to 2.50 to 2.75 3.75 % 101 to t Optional to Jan. 1, 1938, at 105:1943 at ' to 2.20 Richmond— 54*s Impt Apr 10 1956-1965 6 3.25 100 Corpus Christ! 5s fd '67.F&A 6 Basis. Refunding 1942-1951 J&J 6 2.00 Burlington— 44*s City Hall 1940-55. J&D 6 1.25 Rutland (School Debt)— 4s 1940-1948 F&A 6 1.25 % Brazoria Co— 32*8 1939-48 J&D 6 0.80 44*s Oct 1 1939-1949—A&O 6 0.70 95 to 3.75 6 0 50 1954.M&S A&O A&O 44*s 1939-1970 J&J 4s 1942 opt 1922 J&D 34*8 1939-1952 A&O to 3.00 93 6 2.00 J&J J&J J&J 1940-1961 44*s 1939-1953 44*s 1954-1958 1.50 4s 1953-1977 Less 1 on bid side. 0.85 Norfolk— —J&J 4 4*s to 3.30 5s 1940-1965 * 1.85 2.10 6 1.00 % TEXAS Abilene 5s Feb 15 to 2.45 Portsmouth— Amarillo44*s *39-'58_M&S 1939-1941 York Co 4K« % % to 2.75 to 2.90 M&S 5 1.50 Spartanburg— <3 44*8 Water 1940-1965-J&J 5 1.50 5s Sept 1 1939 5 1.75 454s % to 1.75 Kershaw Co— 5s Highway Marlon Co— to 1.75 3.80 5 1.00 to 1.85 6 1.90 6 2.25 2.75 % Washington County— 5% Fdg Jan 1 1954 J&J 6 4.00 White County— 54*% Highway 1955-M&S 6 3.85 to 3.10 5 1.25 to 0.65 6 0.50 3.20 % 6 1.25 F&A 6 0.90 to 2.75 % ito 6 0.50 4s 0.40 to 1.85 6 1.95 4s (Commonwealth) 6 0.50 0.40 6 0.50 4s J&D 6 4.75 44*s Road 1948 Shelby County— to 0.70 6 0.50 6 0.50 Brattleboro— 6 3.00 Courthouse*1957—A&G 5s Aud Mkt H'se 1949.M&S 444% Jail 1940-1951—M&S Smith County— 544s Fdg 1940-1958—J&J Tipton Oounty-r444s Road July 2 *39-*58J&J to 2.60 434s Highway 1940-43.F&A 5 1.50 106 Charleston—4J*s Jan '42.J&J '104 to 3.00 334s Wat Works'39-78A&O 5 1.50 100 Cheraw 6s '52 opt '32 July 1 95 Clarendon Oo— 6s May 15 '39-'40-.M&N15 5 2.00 to 2.50 2.10 Columbia 5s Ref 1941—M&S 5 2.50 43*s Water 1945 J&J 5 2.25 to 2.50 2.15 Greenville—5s St 1942—J&J 5 2.25 3 341 water 54*s April 1 1941 J&J 4 4*s Road 1939 J&J 44*s July 1 1939 J&J Ogdon 42*% 1939-1945—F&A Salt Lake City— os Refunding 1941 J&J 4s Ref 1939-1945 A&O 4a Ref 1946-1965 A&O Salt Lake City S D— 4s May 1 1949 M&N 5%-24*% Refund'58.M&N Salt Lake Co 42*s Apr 1 1942 VERMONT Robertson County— ^ 6 0.90 91 to 3.40 to 3.25 Polk Co 5s 1939-1946 to 2.75 19 and 1044* 6 1.00 A&O 5s March 1939-1960-—M&S 5s Memorial Sq '39-50-M&S 44*8 High Sch 1940 J&J 44*s Hospital '40-'56—J&J 44*s 1939-1968 M&N 444s 1939-1967 J&J 444s 1939-1948.——M&S to 3.00 5 1.50 pages STATES—See % to 3.50 3?40 6s 1939-1942 to 3.10 6 1.00 £ 1.00 96 UTAH % 96 Nashville— 334s State HIghwav— UNITED 70 to 3.00 103 4s 1939-1954 CAROLINA to 3.75 94 3.00 % 1957.A&O 6 444% Highway *39-'49 J&D Memphis 5s July 1954—J&J 5s River Term '39-'48.A&0 4 44s Water 1939-1962-J&J 44*8 Water 1949 J&J 44*8 Park 1959 A&O 444s 1939-1955 J&D 3.35'% to 2.40 4.40 M&3 Montgomery Co—5s Cumber¬ land River Bdge 1953.F&A 6 1.00 3.25 Wichita Falls— 4.50 Madison County— % % % % % to 3.25 Waco— 6 4 60 1940-1948...J&J 85 to 3 1.25 3 4*% to 4 4*% due 1969 Revenue— 34*sl941-1954 J&J 344 s 1955-1958 J&J 2.1o'% 3.75 0.50 Electric System % 2.50 to 0.75 80 Funding" 1952-1962".A&O 4s to 1.75 44*s 1940-1967 —J&J 41*s 1939-1968 F&A 3s July 1 1939-1951 J&J San Antonio S D 5s '56—F&A to 2.40 Obligation 44*s— 444s— 5s Funding 54*8 Sept 1950— to 2.25 60.40% 0.75 5s Sept 1939-1959 M&S 5s St Impt Dist No 2 1943— 2.50 6 2.25 General Obligation General Obligation to 2.30 to 2.50 Port Arthur— 6 0.50 General to 2.30 6 1.20 " 2.00 5s 1940-1970 F&A 6 0.75 San Antonio— 0.75 54*s W W 1939-1965-M&N 6 3.00 Refunding 44*s Jan 1 1958Refunding 444s Jan 1 1958. Refunding 5s Jan 1 1958— Refunding 6s Jan 1 1958— 2.25 % 6 2.50 2.65 to 2.25 95 Knoxville— % 1.75 % 2.60 to 1.00 90 54*s Impt 1939-1946-J&D County— 6 3.30 44*8 Bridge May 1 *61 M&N to 2.45 to 1.25 84 A&O 6 '52M&N 6 M&S 2.75 to 2.50 0.50 6 1944.'49,'54.'59.'64 to 0.50 42*s 1939-1951 J&D Palestine 5s Sch Aug 1 1939, 1.85 6 2.60 44*s Apr 10 *39-'56-A&010 6 0.75 Knox 3.15 to 4 00 Harris Co— 1.80 1.90 93 3.00 3.05 6 3.40 to 3.10 6 2.10 Johnson City— 6 3.25 6 3.30 to 3.00 0.75 Jackson— 2.20 2.35 to 2.15 0.75 A&O 6 2.10 44*s, 1940-1958 Hamilton County 2.30 to 3.50 2.00 54*s Road 1939-54-A&O 10 6 1.50 Gibson County— 0.60 0.75 Grimes County— 2.00 44*s Highway 1947—J&J 5% Oo Memorial *39-'50J&J Dyer Co ref 3 4*-4 44s 1965 Fayette County— 444s Road 1958 J&J to to 3.50 D 4s '40-'64„F&A to Galveston— — 2.15'% b 0.75 to 1.75 0.75 48 Refunding 1941 85 444s Road 1947 opt Davidson County— 2.20,% 1.50 0.75 F&A F&A _J&J 95 6 1.50 Cocke County— b 1.00 „ Pawtucket— to 1.00 0.7", % 3.25 to 3.50 to 3.60 to 3.60 J&D 65 Ind Sch J&D % % 2.00i% 2.30 Newport-— 43*s 1939 M&S 53*s June 1 1939-1953 434s May 1939-1942.-M&N 4s May 15 1948M&N 33*s g High sell 1954-J&D ... to 1.10 2.25 M&S J&D 1977- to 1.10 0.50 3"25 to 4 4*s 1940-1971 4 4*8 1940-1964 98 60 1 1959—J&J 54*s road Chattanooga— 44*s School 1956 4 44s Memorial Aud 5s Hospital 1954 1942-1943----M&S 4s Oharit Inst 1965 4a to 2.50 to 1.70 ISLAND 134% June 1 1939-1943.-J&D 3% Public Wks 1951-56-M&S 4s June 1 Carter County— 5s funding Jan to 3.20 3.15 90 44*s 1940-1967 454s Dec 1 1939 444s bridge 1944-1945 6s July 1 1943 6s April 15 1946-1947 1.95 § 5s 1939-1959 4s 1940-1955.-—. to 2.70 to 2 70 A&O 80 94 Sept 1 1946 1947-1948 Sept 1 1944 Sept 1 1945 1948 3.90s Sept 1 1955-1958 to 3.10 1.00 Wilkes-Barre— RHODE Fort Worth— 5s 1951 1024* I to 2.25 to 2.80 Paso— 75 6 2.20 2 ?4s 344s 344s 344s to 3.20 1.80 44*s 1940-1956—.---J& J 3% opt rev 1939-48--M&N 3s 3.00 to 2.50 Par Scranton School District—_ - to 2.90 5. 80 % to 2 to 2.75 School 5s 1939-1956 to Par to 2.75 5s W W purch 1950 A&O 6 3.00 5s Impt Aug 1 1948—-F&A 42*s 1939-1960 A&O 6 1 00 to 3.10 to 2.80 TENNESSEE to 2.60 1.75 '39-'4l— F&A F&A 1940 El % to 2.10 2.25 234s 1939-1963-----J&D Reading 5s Impt 1943-49-J&J Schuylkill County— 434s 1939-1955.---—-J&J to 2.60 0.75 6 0 75 58 Grade Raising 1944-A&0 5s School 1939-1954—M&S J&D 54*s Dec 1 1940 to 2.35 b 2.60 School District— 4Hs 1.00 less 1 less 1 Oo— to 2.00 % 0.75 M&N 1939 1970 1939-1945 1.80 1939-1951—.J&J 2 4*s 1939-1957 J&.T 6 0.50 24*s voted 1939-1958--F&A b 0 50 2 65 Dallas Oo 4 4*s Apr 10 1951. 4s 1.00 1014* .. 4 J* less 1 to 2.00 Par 4348 1939-1950 234S Sch Dist 1939-62.A&O 234s July 1 1939-1956--J&J 234s Feb 1 1940-1958.F&A Public Works Relief— 43*% 1953 J&D 2.65 3.40, to 2.50 44*s to 1.50 Sioux Falls S D— _ Scran ton 44*s 5s 1939-1950 1633* Aug 1 '43-'49 -F&A 3 4*8 1943 to 1946...,.F&A 3b Feb 1 1947.. F&A Corson Co 5s fd 1939-'47 M&N Operating Revenue— l%s Apr & Oct 1939-1941 Pittsburgh— 'SO-^O-AfcO 6 1.00 «s Sept 1941 M&S 6 1.75 5s June 1 1939 J&D 6 1.50 5s Jan 15 1940 J&J15 6 1.50 54*s Jan 15 1943 J&J15 6 2.75 t«*s Rural Credit 194?..J&J 6 2.15 6s Rural Credit M&N M&N 1939-1960 5s 10454 104J4 Oft II DAKOTA SOUTH Philadelphia (Concluded)— 4Ms 1976 opt 1946——--- To Nst Ask Bid Bonds Net Ask Bid Bonds Net or To or To or Yield Basis Yield Basis I Yield Basis • ' 104* 1948 at 103; ■ !■ • 1953 at 102, and 1958 at 100. ' March, 1939] state Quotations for all securities are and municipal Yield Basis Yield Basis To or Bonds Bid Ask 0.50 0.50 to 1.00 2.30 to 2.60 3%% Gen oblig 3H% Gen oblig 2.30 to 2.60 2.30 to 2.60 1950-51 1951-52 Toll Bridge Authority— Revenue 4s 1968 J&D Clark Co 5^s *52 opt '33 A&O Refunding 6s 1953 M&N 99 H to 3.25 4%b Water '39-'43 (s-a)J&J 4?*s EIL&P *42-'46(s-a)J&J 4^sEIL&P'39-51(s-a A&O 4s Water 1944-1946.-—J&J % Everett— 4Hb Gen oblig wat_1939-59 1.75 to 3.40 ref 1939-45 3%s Water ref—1939-39 1.00 to 2.75 1.00 to 3.00 2%a Water ref—1940-42 King County— 4 Ha Bridge 1939-49.M&N 4 Ha 1939-1950 M&N Pierce County— 4 Ha 1939-1944 Port of Seattle 5s '39-'55 M&S 4 Ha Jan 1940-1955 J&J 1.75 to 2.30 1.00 to Revenue Bonds— 5s Walla Walla— Water Ask 4^8 ref wat Yakima— „ to 5s 2.70 to 2.80 b 0.50 b 1.00 to 2.90 to 3.00 b 0.50 to 2.00 b 0.75 to 2.00 to b 2.00 6 1.50 to 2.25 2.50 to 2.65 b 2.60 to 2.65 \ b 1.25 to 3.10 1939-1954—J&J % Madison— 43^s 1939-1949 J&D Milwaukee—5s 1939-'40..J&J 4%b 1939-1945. J&J 0.50 to 3.15 5s Highway b 0.50 1.00 to 3.15 4 1939-1946—J&J 1945-1954 J&J 1939-1943 J&J b 1.80 b 0.35 to 6s 1939-1941 L & P—A&O 1.00 to 2.00 b 0.35 to 2.00 1.00 to 3.00 4s 1940-1950 4s July 1948-1952 J&J 5H» L & P 1939-1943-M&N J&J b 2.10 to 2.30 5s Light & Pow 1942-50A&O 4H Lt & Pr 1939-'58._M&N Emergency Funding 4%s 1941-1959 M&S Gen oblig 4 Ha '39-'40-A&0 4Ha 1941-1955 A&O 4^s 1939-1957 A&O 3.00 to 4.40 1.50 to 4.40 3^s 1951 and 1952 J&J 3Ha 1943-1952 J&J 3s Sept 1, 1939-1946 M&S 2Ha Sept 1, 1946-1960—M&S 2 Ha Nov 11939-1962—M&N 2%s May 1 1944-1962 2s Road 1939-1963 J&D 1 Ha Road 1950-1951 J&D 1.40% July 1. 1939 J&J Charleston 4%a '41 opt '27J&J 2%s 1940-1958...: J&D 2Ha 1958-1972 J&D 1.50 2.00 to 3.15 0.75 to 3.15 Munic Lt & Power Rev— 4%a 1949-1968 A&O 1939-1953 M&N 3^s 1943-1953 A&O 3 Ha 1939-1954*: A&O 80attle School Dist No 1— 4s 1946-1950 M&N 4.25 b Basis. tol4.50 1.75 4s to 4.30 3.00 b to 4.15 1.90 to 4.15 2.70 4 Ha 1939-1947 A&O 5 0.50 6s W W 1939-1960—M&N 5 1.00 to3.10 % WEST VIRGINIA to 2.60 to 2.80 2.10 to 2.60 to 2.60 to 1.60 Green Bay— 2.00 to 2.50 to 3.50 to WISCONSIN Eau Claire 4^s 1939-1944. J&J 5 0.50 to 3.00 0.75 Net „ 1.00 2.50 Ask '0 3.00 Seattle— J&J b 0.50 1939-1952 Clarksburg 5sl939-1953_A&0 b 0.50 Clarksbg S D 5s '41 ep '21M&S Hancock County—5s Grant Road Dist '46 opt '32.M&N 100^ Huntington 5s 1944 ..Oct 5 2.25 Mercer Co 5s *44 op *24 A&O 15 100 H Morgantown 5s 1939-1948. J&J b 0.50 Wheeling— 5s Wat Wks 1939-1952.J&J 5 0.25 to 2.80 b 1.50 5%aQ Osewer 1939.-M&N 5s Wat rev 1939-1951-J&D 6 1.25 Ha 4 Ha Bid Charleston S D— 2.90 b 0.50 b 2.00 0.50 - To or Bonds Net Tacoma—Revenues— 3.40 3.50 Bid Spokane— 4 Ha Park 1962 —J&J 4s & 4^s ref 1939-51—J&J 3^s Ref 1943-1954—J&J 4^s 1939-1954 M&S 5^8 1940-1953 J&J 5s Imp—Mar 1 1939-1942._ Spokane Water Revenue— 4Ha-4Ha 1939-1941—A&O to 1.00 Yield Basis To or Bonds Net WASHINGTON 6s Gen Fund 1939-1940—J&J 4H% Gen oblig 1939-1943J&J 4% Gen oblig 1948-50 99 bonds possible for the closing day of the month preceding the date of issue as near as to* 2.10 % to 2.20 % 4s % 4Ha Sew Mar 12 1939-1945. 2?30 1.10 4£is courth'se '39-49 J&D16 Racine—4Ha 1939-'57..M&N to 1.80 1.80 2.30 % % to 2.15 % to 2.15 1.50 to to 1.85 to 0.75 to 1.50 0.50 to 1.40 0.50 to 0.50 0.50 to 1.90 2.00 to 1.60 1.00 to 3.25 F&A 1.00 to 2.50 1.25 1.00 1.00 to 3.00 6s % 2.15 % 98 H 0.35 to 2.00 0.50 Racine Co 5s 1940 J&J 4Ha 1939-1950 J&J Superior 4%b Sch '39-'44.J&J to 0.40 J&J Milwaukee County— 4 Ha Ct H'se '39-'50 M&N 15 1.10 % 0.40 1939-1944 0.50 0.50 to 1.75 to 3.25 to 1.95 1939-1941 to 2.50 to 3.50 WYOMING 0.35 100 % b 0.75 to 2.35 4s Road 1951 opt 1941—A&O 5 1.25 Natrona Co S D No 2— 5s 1939-1944 J&J 5 1.00 1.00 to"3.00 b 2.25 to % 95 to 2.25 / Flat price. Insurance Stocks Quotations are as near as possible for the closing day of the month preceding the date of issue. Surplus Premium 1937 Reserve $ Capital Unearned Dec. 31, Par $ Surplus 31, Per Ask. Par 10 Agricultural (Watet'n) Amer Alliance (NY). Amer Equitable (N Y) 25 (Wash'ton) Amer Home Fire(N Y) Amer Insur (Newark) Amer Relnsur (N Y)_ 10 10 5 100 10 2i$ Amer Reserve (N Y)_ Amer States (Ind'nap) 10 Amer Surety (N Y)_. Automobile Ins (Hartf) 25 Baltimore Amer Bankers & Shipp Boston (Boston) (Bit) (NY) 10 10 221 100 Buffalo Ins Co (Buff) 100 OamdenFire (Camden) 5 Carolina (Wilmington 10 N.O.) Central States Life (St 5 Louis) 10 City of NewYork(N Y) Columbian Nat'l 3,000,000 7,500,000 15,000,000 3,000,000 3,000,000 1,000,000 200,000 1,000,000 3,343,740 1,000,000 1,000,000 300,000 7,500,000 5,000,000 1,500,000 1,000,000 3,000,000 1,000,000 2,000,000 14,075,487 15,600,498 18,326.607 4,014,483 3,103,032 2.868,502 358,810 1.064,482 10,042,548 3,028,762 1,289,054 301,393 4,072,585 7,185.126 1,426,661 1,582,925 14,706,570 2,197,738 4,221.644 15,222,624 20,016,996 6.655,795 5,356,163 1,945.247 4.430,055 77,748 841,394 11,982,022 1,185,624 2,188,793 934.306 5,941,659 9,028,811 2,484,927 3,303,633 4,694,847 2,276,425 5,235,713 100 Conn Gen Life (Hartf) 10 Continental Assurance 10 112 50 H 48K 30 H 29M 73 H 7 OH. 22H 24 % 26 H 24 | 120 6H "8% Casualty 5 (Hammond, Ind)__ Continental Ins (N Y) 2 H Eagle Fire (Newark). EmployersRe-in8(KO) 15 42 Merchants 26 % 29 28 H 54 H 56 % 34 H (Providence) National Cas (Detroit) National Fire (Hartf). Nat'l Liberty (N Y)_. Nat'l Union (Wash).. Nat Union Fire (Pitts) 32 H 6% 96 H 593 of New York. 30 7 % 99 603 365 20 % "22 % 745,006 784,722 25 H 27 498,031 889,159 2,526,605 22 H 2324 2,808,328 38,822,179 6,210,523 188,156,229 3.695,297 22,263,915 70 75 26 % 38 % 27% 40 Fidel & Guar 8,418,754 20,522.705 1,097,509 3,851,702 441,123 2,724.679 6,364,068 15,367,997 3,402,136 9,317,827 254,220 12,954,358 12,995,622 7,676,380 2,363,558 1,126,382 1.445.326 2,500,000 6,591,820 1,000,000 1,345,528 1,200,000 16,584,985 t959,745 6,561,640 1,000,000 2,802,013 8,150,000 22,399,846 2,000,000 1,702,507 4,000,000 5,213,048 10 12,000,000 47,714,286 3,994,343 13,502,357 1,059,053 4,805,714 38,201,787 20 (Bait).. Fire Assoc of Phila Fireman's (Wash'ton) 10 20 Firemans Fund (S F)_ Firemens Ins(Newark) 25 Franklin Fire (Phila). 5 5 General Reinsurance. 5 Georgia Home 10 Gibraltar Fire & Mar Glens Falls Insurance 10 (Glens Falls, NY). Globe & Republic Globe & Rutgers Fire. 2d preferred Gr Amer Indemnity (New York) Great Amer Ins (N Y) Halifax (Halifax, NS). Hanover Fire (N Y)_ Hartford Fire (Hartf) 5 5 15 Home (New York) Home F & M (S F).__ Home Fire Security. _ Homestead Fire (Bait) 15 Jefferson Stand Life- 1 5 10 10 Jersey Ins Co of N Y_ Kansas City Life (Kan¬ sas City. Mo) 10 3,000,000 6,429,741 5 15,000,000 38,657,540 10 1,000,000 2,736,467 10 10 4,932,000 1,000,000 8,719,926 51,585,447 2,205,218 200,088 402.971 1,222,065 21,114,464 916,498 1.901,658 20 100 Knickerbocker (N Y) Lincoln Fire (NY) * No par value, Amsterdam New 1H 49 H 2% 51H 824 4i h 124 % 127 H 34% 34 H 43 a* %2A 28 82 9H 29 H 43 H 1,000,000 1,000.000 1,000,000 210,000 6,162,223 2,051,004 161,527 share t Consists of $366,870 $4 cum. 4,897,527 4,059,443 ip 31 22 45 24 24 24 % 2624 38% 12 H 23 4024 1324 25 24 72 25 H 22 H 27 718,360 1,137,150 5 1.519.452 9H 1,104,343 863,183 15,336,951 6,687,915 99,794 7.211,703 10 10 2 5 20 Brunswick 27% 62 H 7H 5 29^ 64% 8% 16 118 122% 4,000,000 5,902,149 13 H 14% 1,000,000 1,403,713 1,707,901 32 H 34% 3,000,000 8,430,465 1,000,000 2,064,269 2,000,000 12,030,562 1,000,000 4,581,784 4,414,095 2,198,357 5,811,786 4,746,269 46 48 17 25% 94 H 18% 27% 97% Fire 10 10 New York Fire 5 North River Ins (N Y) 224 Northern Ins Co(NY) 12 h Northwest Fire & Mar (Minneapolis) NorthwesternNational 10 1,000,000 917,667 575,705 25 5,317.985 10 2,000,000 5,240,607 1,000,000 2,250,533 1,000,000 1,106,461 1,000,000 2,335,991 1,000,000 942,240 400,000 405,645 700,000 220,322 1,000,000 2,054,726 6,000,000 38,182,317 1,000,000 2,809.172 10 3,000,000 5,284,542 10 l.ooo",66o 2,550",505 946",721 10 2,000,000 1,000,000 2,986,748 921,333 712,088 10 1,000,000 1,683,639 1,500,000 923,767 4,000,000 23,309,581 1,000,000 651,498 1,000,000 1,000,000 1.000,000 3,244,267 4,203,693 30 32 25 5,000,000 12,485,056 12,004,391 118 121 Occidental Ins (S F)_. 10 Old Line Life (Milw). Pacific Fire (N Y)__. 10 25 Pan-Amer Life (N O). 10 Peerless Casualty Phila Life (Phila) Phila Nat Ins (Phila). 10 Phoenix Ins (Hartf).. Preferred Accident (New York) Washing¬ (Providence)-. 5 10 125 129 802,908 26% 17,345,695 3.357.453 30,667.113 117,498 11,958,021 554,995 8.255,808 10 H 113 H 27% 11% 116% 14% 11% "12"" 2 5* 1 14% 78% 82% 1,798,467 19% 21% 4.529,207 33% 35% . ton ReinsuranceOorp(NY) Reliance Ins (Phila).. Republic (Dallas) Revere (Paul) Fire Rhode Island (Prov). 2 10 5 9 1,000,000 20 8* 2,349.153 1,384,273 1,525,045 25% 23% 3% ip 836,660 3.084.449 9,303,853 25 29 10 5 3124 Stand Fire 500,606 741,327 6,861 2,000.000 18,118,207 58,851,773 Travelers Fire (Hartf) 100 20,000,000 28.057.816 784,893,059 U S Casualty conv pref 2 1,000,000 1,721,455 2,395,134 U S Fidelity & Guar¬ 2 anty (Baltimore) 2,000,000 6,005,215 14,377,490 U S Fire (New York). 4 2,000,000 16,277,857 9,773,756 U S Guarantee Co... 10 2,000,000 4,253,298 2,817,550 Univer Ins (Newark) 8 400,000 1,007,164 387,306 West Coast Life (S F) 5 375.000 1,042,256 21,698.853 Westchester Fire(NY) 1,000,000 8,163,259 5,445,542 Wisconsin Nat Life 400.000 537,348 6,890,470 56 3224 40 224 1924 65% 6624 30 39 H 4124 5 American 80 H 2% 10% 1,000,000 77 H 10 SI* 50 "30" 3H 29 H 340 25 1,000,000 733,549 750,000 750,000 5,000,000 20,031,369 4,000,000 7,061,655 100,000 325,721 1,100,000 5,071,361 24 1024 i8* iP ?7* 4H 118 I (Rochester) Rossia Ins (Hartford) St Paul F & M (St P). Seaboard F & M (NY) Seaboard SuretyCNY) Security Ins (N Hav). Springfield Fire & Mar (Springfield, Mass) 54 37 3% Providence 27 94,734,162 1,939,435 166,918 2,512,137 7,406,132 36 Cas (New Brnns. N J).. New Hampshire Fire (Manchester, N H) (Trenton) _ Stuyvesant Fire (N Y) Sun Life 10 12,000,000 54,240.005 100 _ 3624 35 24 69 2.553,973 1.442,339 Insur Co of Nor Amer (Philadelphia) New Rochester Hartford Steam Boiler (Hartford) 35 H 35 H 11,531,659 1,444,670 640,670 1,000,000 (Milwaukee) 1,750,000 5,000,000 815,000 1,500,000 755,095 4,000,000 2,400,000 3,750,000 1,000,000 2,000,000 300,000 7,500,000 9,376,690 3,000,000 1,000,000 500,000 1,000,000 1,967,908 4,773,543 Insurance (Baltimore) 500,000 5,013,966 51,759.596 445,769 2,500,000 605,381 10,519,950 5,515,051 40,351,755 1,558,499 9.422.201 334,421 13,142,938 7,232,618 6,880,363 5,285,913 684,304 905,995 2& 160 Fidelity & Dep (Bait Fidelity-Phenlx (NY Ask. Merchants & Mfrs Fire 13 H 400,000 1,500,000 2,000,000 3,000,000 1.000,000 Cas'ty (PhUa) 10 1,000,000 Maryland Casualty.. 1 2,544,798 Mass Bonding & Ins 12 'a (Boston) 2,000,000 5 12,500,000 Merch Fire Assur/com (New York) \pref 100 Merch Fire (Denver). 10 400.000 40 Continental Excess Ins (NY) Federal Ins (Jer City' Bid. Per $ 108 Life (Boston) Reserve Premium Manufacturers 10 Aetna Insur (Hartf)._ Aetna Life (Hartford) Amer Fire Capital share Aetna Casualty & Sur (Hartford) Unearned 1937 Dec. Bid. 25 10 10 658.242 740,619 12 h 5 Ass'nceJCas) 100 . 2& 375 1124 224 1st preferred, $517,879 $5 2d preferred and $75,000 $5 junior preferred stock. 4% 225 6 27% 62 3% 440 461 8 21% 8* 59 12 5% 229 7% 29% 66 4% 490 471 8% 22% 54% 62 14 5 6 33 35 16 17% Quotations in this department are given per share, not per cent, except for stocks of Canadian Institutions, possible for the closing day of the month preceding date of issue, though often are nominal. An asterisk (*) as near as and ar* denote* sales. Comptroller's last call; for all other insti¬ For Figures of deposits, capital and profits for the National banks are from the tutions they are the latest obtainable, direct returns the Clearing House banks of New York, deposits are National Banks Dec. 31 State Institutions Dec. 31 ALABAMA Capital Surplus Profits Par Bid Capital $ 150,000 $ 1,050,000 500,000 11,129,517 al ,767.600 d 81,700 125,000 e Preferred Industrial Sav Bank First National Bk— 29,557,073 125,000 i 3.000,000 6,400,000 jl,134,806 375,000 1,000,000 1,000,000 Common Preferred Per First Nat Bank Merchants Nat Bk 156,820 1,406,502 1,668,137 1,194,217 61,725.418 257,304 793,354 300,000 1.000.000 100.000 50,000 ... j d National Banks 113.238 25 25 20 Merchants Nat Bank d * 10 12 10 12^ 100 25 12H 13H 250,000 1 490,000 600.000 200,000 870.324 550.000 247,500 Phoenix Sav Bk & Tr 168,710 600,000 1,215,200 Preferred jl,341,910 250,000 National Banks Dec. 31 446,719 9,466,118 100 share. American Tr Co— Common j 6,993,475 600,000 dl45,000 Santa Ana— Commercial Nat Bk First National Bk— t u IS* Stockton— First National Bank Stockton S & L BanL Union Safe Dep Bk._ 100 2,976,521 7,004,033 9,390,297 100 N 100 25 re 200,000 1,000,000 375,000 527,606 627,963 139,000 W B Worthen Co... d Pine Bluff- CANADA sa 9,592,935 3,765,166 1,293,782 20 49 51 Hi 25 29 Preferred | 352,901 10,907,501 120 35 38 358,819 16,594,206 120 50 VaUonal.Banks Long Beach— $ 1,000,000 225.000 ) 97,736 886,272 5,000,000 900,000 Savings Bank & Mer Nat See lllj [Page $ 100 Per |3,369,894 105,300,917 J25 140 0 re 50 cent les 23 5,000,000 3,000,000 4,305,000 111,806,441 5,235,549 121,513,266 20 100 2,408,786 /100 1100 7,018,362 100 100 9,906,100 613,231 89,611 8,627,309 5,520,622 93,725 600,000 500.000 500,000 30,000 1.500.000 100.000 100,000 650,000 International Tr Co. 24H 1,139,524 136,079 1,260,000 National City Bank. d Union National Bk d U S National Bank.. . 125,534 1,762,911 3,576,860 37,301 25,043 2,297,796 2,209,511 60.000 Denver Nat Bank First National Bank. share. N 100 331,610 398,025 1.000.000 11,654,468 Preferred Colorado State Bank Dec. 31 $ share 20 500,000 350.000 American Nat Bk State Institutions 16,727,846 3,130,622 Dec. 31 Denver— 350 340 sa 707,286 223,430 Institutions State 1,721.456 137,423 100,000 1 79,000 First National Bank. 1100 12,177,702 Pueblo— First National Bank. MInnequa Bank 50 100 38,026,814 J100 1100 1,755,339 100 50 32,931,204 58,023,803 100 1,225,863 N 0 re cent sa les 823,144 "100 100 26,159,945 17,701,390 100 19,845,096 2,043,723 100 5,038,136 (100 100 Pueblo Sav & Tr Co Citizens Nat Trust & Farmers les 300,000 300,000 Exchange Nat Bank. f Preferred cent 100 Per 60^000 Colorado Spgs Nat B Common. Nomi nal, Common 0 re sa Nom inal Colorado Spgs.— Co. orado Sav Bank.. 2,360,967 (100 CALIFORNIA Dec. 31 California Bank— N 100 100 25 Common National Banks Western Tr & Sav Bk d Los Angeles— f COLORADO Central Sav Bk & Tr d Colorado Nat Bank Farm & Merch Bank 125 35 50,000 50,000 400,000 Common..... 4,678,045 10,855,018 2,500,000 les 515,980 129,594 41,367 Preferredc lass A._ Simmons Nat Bank. 49K 275 260 1,682.337 12)4 J 168,253 33 47^ cent 300,000 185,500 669,000 Preferred 100 31 0 Union Nat Bank— Common....... 11.257.544 |20 10,506,727 1100 1100 share. 91,427 560,046 582,365 300,000 200,000 100,000 Peoples Nat'l Bank. Twin City Bank 135" 100 20 80 *180 126,643 Preferred Per Commercial Nat'l Bk 105 "95" 100 564,700 435.300 Common.... f f 277,306,154 867,478 San Jose— First National Bank. Nom inal. Merchants Nat Bank Little Rock— 6,215,892 204,848,751 8,348,515 110,202,363 6,800,000 7,500,000 7,500,000 Preferred 100 299,000 500,000 500,000 First National Bank. 95 125 State Institutions Dec. 31 ARKANSAS Fort Smith— City National Bank. ..... 2H 35H 38 50,000,000 64,058,600 1437027491 1,500,000 /2,217,422 18,854,965 104,389 2,715,554 100 500,000 k Bank of Montreal 253,227 4,461,626 100 "212"" 216"" 1,000,000 171 174 100 Canadian Bk of Com 457,954 18,115,491 1,300,000 325 Crocker First Nat Bk 6,000.000 8,135,418 138.869,246 100 300 The San Fran Bank 6,000,000 8,877,874 161,862,873 1000 11,100 100 Pacific Nat Bank 100 8,647,781 400,674 1.000,000 Weils Fargo Bank & Union Trust Co 9,000,000 8,667,190 246,986,651 100 *290 Yokohama Specie f 371,261 5,742,826 p 1,200,000 Tucson— Sou Arizona Bk & Tr 10 0 les Bank of Canton 16.913,884 t 20 4,410,731 t 25 39,430,664 100 & Savs Assoc Bank of America 100 95 Valley Nat Bank— Common 100 re cent sa San Francisco— National Bank... <*18,000,000 Dec. 31 4,086,934 125 8,468,790 3,115,402 100 100 Bank of Amer Nat Tr Per 190,590 United States Nat Bk d Bank of Calif, N A.. Nomi nal. 250,000 12,864,587 177,555 57,054 0 Anglo California 100 Blsbee— M nor a & Merch Bk. Phoenix— First Nat Bk of Ariz. 821,897 N 100 & S B Preferred 60 58 Institutions State ARIZONA Dec. 31 25,716,994 San Diego Tr Common 34 32 2,300,800 17)4 15 2,755,326 1,543,392 1,800,469 1,512,031 711,121 J 25 \25 American Nat Bank- d 175,000 San Diego— First Nat T&SBk__ dl ,500,000 4,451,371 18,140,659 213,850 82,779 212,548 400,000 120,000 200,000 350,000 100 Sumitomo Bk of GalSan Bernardino— a50 Selma— City National Bank People's Bk & Tr Co. d 3,831,005 100 2,512,688 24,423,945 20,601,503 88,093 123.845 1,568,966 171,802 134,758 16a° share 100 59,121 32,987,077 1,756,649 5,489,305 1.348,358 961,250 50,000 246,000 145,000 Union Bk & Tr Co— Common.... Preferred Ask Per Sacramento— Security Tr & Sav Bk First Nat Bank Bid Par Deposits Nom inal Capital Nat Bank— d Citizens Bk of Sacra. MontgomeryAlabama Nat Bank. Dec. 31 share. 50 Mobile— Am^r Nat Bk & Tr Co Institutions State Gross Surplus & Profits Ask Sav Common CALIFORNIA Dec. 31 Nomi nal. $ Birmingham— Birm'ham Tr & National Banks Gross Deposits ■» Bank for Savs.&Trts. d being procured by us where no periodic statements are required. taken from the latest weekly statement. 100,000 200,000 Common 23 22^ 385 Preferred 399 j 81,017 1100 Secur-First Nat Bk— Common 24,000,000 130285 032 566,456,477 Preferred 9,000,000 Union Bank & Trust- 2,500,000 2,728.518 37,964,132 f 25 455* 45 1 1 50 "94" Bank of Commerce. Farmers & Mer Sav. 328,850 2,000,000 300,000 64,253 1,988,042 261,577 2,565,843 47,010,898 11,023,516 100 300,000 662,886 6,058,923 100 50 First Tr & Sav Bk—7 Common Preferred Pasadena-First N Bk d Secnrity Nat Bank.. Outstanding preferred stock consists of $1,067,600 1st pref. of $20 par and $700,000 of 2nd pref. stock. value and retirable at $50 a share, 25 c Pasadena— Citizens Coml Tr & S Sale price. t Controlled by tne Transamerica Corp. of San Francisco, Calif. a _ Central Bkof Oakland ' * • CD! OOi Oakland— Savings deposits. d Common and 400,000 600,000 150,000 300,000 J 740,523 49,223 276,934 14,225,588 j 25 125 2,086,763 3,832,817 20 100 preferred stock outstanding. f June 30. 1937. e 131H May 19. 1938. q Quotations for the San Diego First National Co., of the stock of the First National Trust & Savings Bank i Dec. 31. 1937. Ac Sept I Last sale price. p Par value 100 yen. n 28,1938. New stock. which controls 97% of San Diego. Calif. I March, 1939] Capital Surplus & Profits 500,000 \ 268,441 Preferred 1.470,000 Black Hock Bk A Tr_ a 100,000 136,848 Brldgep't Olty Tr Oo 2,200,000 1,426,450 North End Bk & 23,102,346 Common 25.000 125,000 25.000 1st preferred 2nd preferred. West Side BankCommon Oonn River Bkg Co. First National Bank- Glastonbury Bk A Tr Hartford Nat Bk & T Industrial Bank.... Pnoenix St Bk A Tr. East Hartford Tr Oo Hartford-Oonn Tr Oo Park Street Tr Oo Riverside Trust Co . . Slmsbury Bk & Tr Oo So End Bk A Tr Co— Common Preferred Travelers Bk A Tr Oo West Hartford Tr Oo Windsor Trust Oo Merlden— "lerlden Nat Bank.. Merlden Tr A S D Oo Puritan Bk & Tr Oo. New HavenAmer Bank & Tr Oo. First Nat BkATrOo 25 "3l" 66 "14" 11 25 43 1,000,393 J 25 56,133 "28"" 280 27 61 55 25 20 5165" 1100 fIoo" 10,704,891 3,555,667 1,568,202 100 100 25 6,798,537 1,628,958 5,798 1,388,689 25 25 100 25 20 15 150 2,681,390 100 90 a a 100,000 150.000 a 227.500 162,621 756,000 441,000 920,000 1,053,836 800,000 750,000 943,393 921,878 f 27,942,687 10,175,055 12,435,160 170 35 170,000 1 180,000 _ 73,967 Un & N Haven Tr Oo New London- 1.458.700 1,123,823 Nat Bk of Commerce New London City National Bank Union Bk & Tr Co.. 300,000 503,800 Winthrop Trust Oo.. 4,932,613 345,904 300,000 270.000 a Norwich— Thames Bk & Tr Uneas-Mercb Nat Bk Stamford— First-Stamford Nat'l 650.00C 200.000 Bank A Trust Co. 1.000,000 200,000 700.000 Fidelity TitleATr Oo Stamford Trust Oo.. 106,656 215,736 49,928 2,589,713 1,878,411 964,436 407,779 157,447 1,303,485 650,190 994,900 2,986,317 1,692,594 Nat Bk 600.000 100 33 36 M5 125 53 48 250.000 \ 264,000 Common.... Preferred 1.000,000 300.000 231,725 75 70 "§5"' 166"" 100 0 re cent sa 50 100 25 les 19 110 100 100 100 100 145 125" 155 'I45" 155" 746,049 11,858,267 100 230,700 5,288,400 I 25 1 32 9,588,224 3.354,288 100 100 55 State $ 8 304,956 210,000 500,000 3,966,624 1,348,269 625,000 679,982 203,175 855,100 1,000,000 1,500,000 2,738,341 996,632 672,600 4,000,000 11,940,910 Wilmington— Equitable Trust Oo. Security Trust Oo_— Wilmington TrOo - 155 22 100 100 38,516 52,290 1,118,222 1,933,351 100 100 200.000 291,264 7,764,405 25 100,000 36,945 517,166 911,694 156,245 851,729 14,522,853 16,174,619 1,745,641 100 100 100 100 126 100 60 57,446 1,320,015 100 255,801 6,554,782 100 a 145,000 475,000 250,000 100,000 1,000,000 500,000 Hamilton Nat Bank. Liberty Nat Bank Lincoln Nat Bank. . 400.000 . McLachlen Bkg Corp Nat Bank of Wash. Nat Capital Bank Nat Metropol Bank. a 345.000 1,050,000 200,000 800,000 87,805 387,259 546,631 295,920 954,834 385,000 858,485 223,773 674,059 200,446 1,802,572 Preferred Second Nat Bank Secur Sav A Oom Bk Amer Secur A Tr Oo. Nat Sav A Tr Oo— Common 1,250,000 First National Bank. al,300.000 First Sav Ac Tr Co 500.000 West Palm Beach Fla Bank A Trust Oo. 100,000 200.000 National Banks Dec. 31 Mousey. Trust Oo Union Trust Oo Wash Loan A Tr Oo. State GEORGIA 100 125 150 75 Institutions Dec. 31 Nomi nal. Per share AtlantaAmerican Sav Bank. 200,000 113,300 683,000 100 Oltls A So Nat Bank. r5,000,000 3,215,713 86,568,205 tio First Nat Bank 10 5.400,000 4,591,938 104,903,989 Fulton Nat Bank— Common 1.000,000 11,161,249 34,238,004 J100 Preferred 475,000 1100 Ga Sav Bk A Tr Co.. a 100 990,000 307,999 3,646,361 Trust Oo of Georgia- 02,000.000 2,824,216 26,929,109 100 Augusta— Georgia RR Bk A Tr "l3H 28M 250 100 265 154 154,538 tio 100 89 850.000 200,000 300,000 75,000 200.000 795,061 119,616 152,000 49,253 361,968 6,986,206 1,888,036 2,158,124 1,182,842 3,278,421 100 100 r5.000.000 Olty Bank & Tr Co.. 110,000 3,215,713 Columbus Bk A Tr__ First Nat Bk of Ool. Fourth Nat Bank... e dome Savings Bank. Merch A Mech Bank 540,883 3,215,713 Macon— Oltls A So Nat Bank. 159 100 110 80 120 30 100 200 tio 135* 100 500.000 96,000 248,480 r5,000.000 500,000 665.000 3,215,713 177,086 252,331 86,568,205 4,675,532 4,329.770 100 1,628,539 85 125 35 220 100 100 10 a .2 200,000 134.000 j 96,999 10 100 100 50 25 110 300 60 Dec. 31 Per 600,000 1 655,509 Preferred.. 588,000 First Security Bank. al.035,000 1,888,907 25 70 165 61 1.860.331 9.061,530 4,882,799 3,567,859 25,261,922 7,124,236 10,648,102 5,386,306 10,146,951 2,268,251 26,043,391 128 215 220 100 N 0 25 60 50 125.000 _. 100 10 75 National Banks re cent 27,053,478 78,914 100 sa les 100 138 205 265 20 Aurora- 175 122 143 180 240 100 270 100 60 a a 175,105 232,843 95,314 3,339,885 4,784,516 3,163,618 100 100 100 100,000 300,000 350,000 150.000 39.508 238,149 262,258 172,761 1,441,835 3,200,482 6,097,827 2,429,194 100 100 Bank.. 400,000 al,600.000 a 200.000 . Avenue St Bk Oak Pk 200 100 100 State austin State Bank. 50 100 a 160,000 300,000 379.000 104 1380,000 Beverly State 8av Bk Central Nat Bank— Olty Nat Bk A Tr Oo Oont 111 N B A Tr Co 100.000 300.000 280 Preferred 25.000.000 Oont Nat Bk A T Co 1.500,000 270 16,902,036 100 190 200 5.635.332 io5 80 10,393,947 23,389,490 50 77 100 227 100 30 250 125 Institutions Drexel State Bank. Drovers Nat Bank. . . First National Bank First Nat Englewood Halsted Exch Nat Bk Hamilton State Bk_. I-C National Bank.. * Per 44,366,736 24,071,789 32,804,371 1,025,861 10 100 25 share 100 20 208 30 225 25 30 "loo *85" "55" 10 100 16 19 112 116 1331, 72 100 102,000 1 2,998,424 68,855 98.000 a 445.000 172,676 7,328 ,819 1.000,000 987,025 27,236 ,774 30.000,000 36,470,054 935,567 ,244 200.000 769,168 5,443 ,095 200,000 216,003 6,806 ,429 200,000 51,447 2,186 ,537 a 200.000 71.509 2,896 ,784 f 20 1 30 is 22 40 100 100 100 100 100 28 145 218 170 32 155 223 11 12 a 250.000 100 135"" 145" 135 40 Sale price, 159,798 1,647,561 price. Sept. 28, 1938. d Member of tbe Atlantic Group in Florida. e Affiliate of the First National Bank of Atlanta, Ga. Member of the Florida National Group. Affiliated with tbe Barnett National Bank of Jacksonville, Fla. k New stock, a n r 100.000 74 b 33*1 1,489,941 2,819,885 485,017 54,606 f Last sale. 25 275 150 100 40 Includes preferred stock or debentures outstanding. b Retirement Dec. 31 cent les District Nat Bank— Preferred 240 100 re sa \ 33ia ... Common 59 145 255 4.000,000 105,216 3,210,456 1,368,343 57,253,579 194,418 4,774,472 110,237 6,407,647 88,214 2,398,647 193,569 8,381,597 2,994,994 131,176,813 c 50,000.000 133711537 1257555445 Common 160 100 Nomi nal. Per share. N o ChicagoAm Nat Bk A Tr Oo. 27** 100 First National Bank. Bt Clair Nat Bank— Aetna 20** 100 State Institutions Dec. 31 ILLINOIS Dec. 31 150 100 100 50.645 40** 100 100 State share 22,619,744 64 100 Boise Trust fo Nomi nal Lakeland— Florida Nat Bank... <7 85 State Institutions IDAHO Boise City— Nomi nal. Per share. $ 2,152,064 18,460,418 2,787,871 3,563,120 10,511,664 19,936,037 9,285,496 73,038,882 Jacksonville—" 1,042,747 1,370,244 1,006,251 26,673 14** Vk* 80 50 Idalst NatBk ofBolse c Atlantic Nat Bank.. 43,000,000 Barnett N B of Jack1.500.000 Florida Nat Bank. (71,500,000 Spr'field Atlantic Bk 50,000 14** Savannah— Oltls & So Nat Bank t Branch of Savannah. FLORIDA 14** 11* 100 100 86,568.205 1,494,000 6,951,004 First Nat Bk & Tr Oo $ a National Banks Dec. 31 li "695" 705" 9,303,206 86,568,205 3,150,546 750,000 Oltls A So Nat Bank. r5.000.000 Nat Exchange Bank. « 400.000 Oosmopollt'n Nat Bk Income debentures 80 Nomi nal. 3,000,000 15,103,960 104,202,322 1.217,500 a 433,346 8,398,578 557,500 a 372,265 543,000 7,972,586 3.400.000 4,976,269 54,049,459 1,000,000 12,042,592 500,000 2.000,000 1,235,451 1,000,000 1,501,312 1,000,000 2,489,763 100 "65" Rlggs National Bank Common.. 115 Tampa— Common Debentures Nomi nal. Per share a 200 100 Broadway Nat Bank Exchange Nat Bank. Savannah Bk A Tr.. Citizens Bk A Tr Oo Institutions Dec. 31 W&ahington— Columbia Nat BankBank of Oomm A Sav 185 105 8,811,526 , Old Second Nat Bank Belleville— Belleville Nat Bank. Belleville Savs Bank. Olty bank 40 50,000 200.000 St. Augustine— Exchange Bk St Aug St Augustine Nat Bk h St. Petersburg— Florida Nat Bank... 0 Aurora Nat Bank— Merchants Nat Bank Anacostia Bank 35 5,920,141 3,272,162 Common Central Nat Bank Farmers' Bank Industrial Trust Oo. Union Nat Bank Delaware Trust Oo.. 4,998,505 f 20 I 20 5,352,191 100 926,688 190 DELAWARE Dec. 31 135 456,138 148,517 National Banks Dec. 31 National Banks 125 200.000 Olt A People's Nat Bk Liberty Nat Bk & Tr 32 3,274,440 185,236 110 100 400.000 200.000 . 9,575,787 44 100 125 125 100 Columbus— 100 12,051,499 5,174,724 25 100 13,148,327 217,588 100 100 100 ... Waterbury Nat Bk— Colonial Trust Oo... Waterbury Trust Oo 132,000 1 68,000 100.000 18 Waterbury— Oltls A Mfrs 599,419 175 N a 300.000 share. 130 2,008,216 29,262,563 30,124 8,514,096 2,101,020 21 "125"" 50 50 3,154,702 /100 1100 15,953,685 100 National Bank... Orlando— 100,000 West Palm Beach Atlantlc Nat Bank... d Bk .... Ask 10 50 45 1100 400.000 100,000 Florida Bank v Palm Beach First National Bank. 60 25 25 Florida Nat Bk A Tr 0 Little River Bk & Tr Miami Beach First Pensacola— American Nat Bank. 55 26 50 10 25 100 Per 122,236 677,471 77,826 321,317 85,774 200.000 1,200,000 First Nat Bank— Common.. Preferred 115 Bid Par Miami— Amer Bk A Tr Co.. First National Bank First Trust Oo. 40 22 500 Cross Deposits Nomi nal. 27 25 30 100 101 Surplus & Profits Capital 90 30 3,298,261 7,605,125 15,598,967 1,690,896 65,411,749 272,788 39,694,637 1,863,090 45,240,906 3,141,328 3,294,859 1,923,666 369,499 72,291 107,946 52,807 Prior preferred 80 25 100 • 34 820,550 257,500 119,631 500,000 150.000 Common Preferred 208,804 1,261,193 991,273 164,107 4,354,613 232,047 2,031,536 179,930 4,251,138 195,455 172,128 123,952 100.000 Oonv preferred New Haven Bk NBA Second Nat Bank... 32** 25 1,765,232 / 25 uoo | 233.026 50,000 \ 60,000 600,000 200.000 Home National Bank 1,589,689 "40"" Kl* 50 40 1100 300, U00 150.000 1,150.000 100.000 4.000.000 100,000 1,600,000 100,000 4.000,000 100,000 250.000 125,000 Hartford— Oapltol Nat Bk A Tr Nat 73,206 165.000 99.500 Preferred.... 1,582,276 25,679,363 7** 6M I?*! _ Common Ask Bid Par Nomi nal. Per share. Common COMPANIES Cross Deposits Bridgeport- Trademen's TBTJST AND BAMS Combined statement. t Trust funds. x Ex-dividend. V Stock all owned by Travelers Insurance Oo. 180 145 45 15 BATIKS 102 National Banks ILLINOIS Dec. 31 Surplus & Profits Capital AND TRUST State Institutions National Banks Dec. 31 Dec. 31 Par Bid 20 2,543,009 Common share 4 (10 12,228,903 26,788,877 100 210 20 55 60 4,594,650 6,119,046 19,332,941 5,789,158 3,366,114 100 155 100 150 110 11,015,847 5,755,534 10,223,342 6,184,181 16,582,092 8,082,687 3,929,105 8,310,610 7.251.713 18,052,989 9,616,767 3,003,438 7,144,035 100 125.000 200,000 157,982 226,700 1,052,712 180,301 M ercbandlseNat'lBk 600.000 Merchants Nat Bk.. 200.000 Metrop State Bank.. Mid-City Nat Bank. 200.000 Milwauket A v N't Bk •• 400.000 200,000 i Mutual Nat Bk of Ob 145,557 384,487 300,326 722,306 269,378 84,756 262,126 400,000 Nat'l Builders Bank. i 500.000 500.000 200.000 Nat'l Boulevard Bk. National Security Bk North Shore Nat Bk i Oak Park Tr&Sav Bk 200.000 500.000 Personal Ln A 8a v Bk 2.000.000 Pioneer Tr & Sav Bk 2,148,794 797,290 268,102 87,043 161,879 100,000 85,821 278,584 322,326 346,911 750.000 i Sears-Com State Bk. 200,000 200.000 Skala Nat'l Bank. South East Nat Bank 200.000 South Shore Nat Bk. 200,000 Btate Bk of Clearing 120.000 Terminal Nat Bank Unlv St Bk of Chic.. 200.000 I 298.000 300,000 Upper Ave Nat'l Bk. Uptown State Bank 348,152 27,660 300.000 West31st State Bk. ft 100.000 200.000 Western Str .te Bank Amalg Tr tin Sav Bk Banco di Napol Tr I 400.000 300.000 Chic City Bk A Tr. Drovers Tr A Sav Bk 800.000 i Lake snore Tr A S Bk 547.000 200.000 6.000.000 i 790.000 Lakeview Tr A 8 Bk. 500.000 Mercantile Tr A Sav. 600.000 Northern Trust Co.. 3.000.000 PnHman Tr A Sav Bk 300.000 Bast Side TrASav Bk Harris Tr A Sav Bk. ■ 59,276 96.910 135 100 206 215 100 90 100 100 80 95 80 20 23 90 26 100 100 125 50 50 55 100 175 125 135 100 185 15 30 40 50 73 143 160 153 100 100 25 78 170 35 31 100 100 135' 100.000 First Nat'l Bank 300,000 Union Nat'l Bank... 100.000 • 88,864 712,349 131,535 107,573 2,681,518 25 500.000 250.000 50.000 ,882,715 29,249,754 4,591,603 1,050,782 100 20 N 0 re cent M)0 sa les 150.000 111,795 172,015 2,702,926 100 4,216,355 100 6,728,850 2d 22 6,360,103 100 100 60 65 180 190 7,933,755 100 707,842 3,316,233 8,154,293 100 25 Bluffs— Council Jity National Bank. Oenn Bluffs Sav Bk. First National Bank. Cent Nat Bk A Tr Co 600.000 2,000.000 First National Bank. 787,733 1,057,640 1,451,932 660.000 64,000 36.000 100 Common 200.000 90,000 150.000 Capital notes 85 140 100 20 100 290 95 150 305 50 57 62 100 265 200,000 196,000 200,000 100,000 50,000 296,000 Debentures Mercantile Tr A 8 Bk Peoples Bk of Quincy S'tbSideBk of Cuincy i 130 520 400.000 600.000 150.000 Common i N 100 100 100 sa les 50 73 71 20 18 19 20 48 50 j 50 50 55 loo 63 65 23,835 651,944 100 35 50 3,526,826 J 662, 50 60 hoc 5,733,716 44,315 42,444 832,532 647,285 946,251 38,459,847 /100 50,000 150.000 22,628 265,499 291,391 100 "95* 4,637,922 100 112 470,206 148,970 10,097.552 100 i 300,000 250.000 4,521,045 100 o 257,836 272,554 359,327 228,570 88,389 6,083,279 10 re cent i 400,000 275.000 5,514,168 fclOO 100 6,629,468 sa les 110,320 1,470,544 100 35 130 50 Live Stock Nat Bank Toy Nat Bank Security Nat Bank.. 300.000 250.000 Woodbury Co Sav Bk 100.000 National Banks 302,411 8,733,852 40 9,949,260 100 165 5,111,184 12,080.449 50 100 100 120 175 110 125 Tnsii Vtate ( Indiana Tr A Sav Bk. Bank i 14,192,522 155,939 71,410 3,502,015 o re cent sa 300.000 , I les 10 I 442,000 Preferred 200,000 First State Bank 75.000 109.000 91.000 100.000 Common liver view State Bk. 10 100 1,272.791 500.000 500.000 Mutual Peoples Savings Bk_. Fort Wayne— 264,664 5,930,491 flOO 470,351 , 4.878,042 uoo 100 o re cent too sa les lot. 150 000 Bk 150.00C 50.000 153,649 250,118 27,242 2,274,931 2,720,392 840,933 600.000 412,617 j.0.988,286 936,970 400.000 i 77.500 70.000 130,000 Preferred , 60.000 200.000 500.000 Kaw Valley State Bk Merchants' Nat Bk. 100,000 100.000 i 277,313 7,575 uu ' 100 67,113 r 200.000 559,784 2,133,349 50,355 1.056,498 1100 100 1150 610,000 100 7,107,695 9,195.621 60,000 179,583 552,625 32,344 49,284 1,428,711 1.000.000 1.000.000 100.000 200.000 share. Kansas State Bank.. 200 160 225 125 150 1.583,298 75 1,507,861 125 100 100 100 100 150 iui 200 225 Kit 1.024,996 100 2,354,283 iUt Union National Bank 110 25,674,881 22,964,807 169,148 Southwest Nat Bank 175 100 100 1,086,56/ 31,102 237,851 108.000 Fourth Nat Bank--. 15,068,081 1,198,195 1,377,684 1,294,023 973,450 11,916,410 1,758,275 100 100 100 110 160 110 362.195 13,389,710 J100 125 150 National Banks 100 101 Dec. 31 8,149,850 617,462 , N 100 First National Bank. Leavenworth Nat Bk 1,625,000 209,000 Old National Bank— Common Preferred 20.625,276 805,724 186,543 32,484 49,500 42,900 675,291 100 100 1100 110 Common - Preferred Union Stock Yds Nat 3,883,312 / 62l, 162'-. 50 1,002,253 92,000 i 100.000 26,035 Institutions State KENTUCKY a52X Dec. 31 Nomi nal. 1,200,000 26 Per Covington— N Ft Wayne Nat Bank Common 400.000 400.000 Preferred Dime Trust A Sav Bk Debentures 482,856 15,599,636 Citizens'Nat Bank.. 20 re cent sa les 400,000 200,000 Bk_. 15,137 20 I,296,119 1,125,659 11,927,515 910,624 43,168 13,689,280 2,338,372 100 75 100 preferred. Fountain Sq State Bk Indiana Nat Bank.. 4,000.000 100.000 i 200.00(1 50,000 65.000 1,250,000 i 300,000 i 500.000 Bankers Trust Co— i 283.000 100 35,216,567 / 10 I 10 100 2,192, 170 15 16 Preferred First Nat Bk A Tr Oo 100 300 340" 100 150 160 220 235 alU 100 Bank of Commerce. . 100 100 100 "55f 100 100 37,076,648 /100 Second Nat Bank Union Bank A Tr Oo Security Trust Oo 4 152 "173" 183" 16,421,589 100 3,841,957 20,184,492 100 60 72 100 300 325 2,875,663 4,548,277 9,597,488 4,501,043 3,369,440 Common 506,000 910,615 Preferred 300.000 50 272,509 2.860,594 100 14,526.889 3.200.000 2,963.617 4,007,668 I 10 10 "32" "36"" 100 300.000 1.000,000 2,873,032 2,000.000 1,711,342 1,000.000 2,603,378 361.286 Liberty Natl Bk A Tr il .800,000 100.000 g 66,958 People's Bank 174,644 300,000 Security Bank KentuckyTitle Tr Oo el.000.000 1,046,096 651,011 750.000 Lincoln Bank A Tr.. 128,675 100.000 Stock Y ards Bank. 1,123,958 Leuisville Trust Co. il.980.000 105,663 United States Tr Oo. 525.000 .. 1,487,849 1 \ 7' 110 9 10 112 434 10 50 98 100 100"" 300 100 165 175"" 100 320 330 275 57.135 .813 1001 C265 8.562 ,097 100/ 106 91 95 39,266 ,988 234 3X 24,611 .589 234 10 10 1,077 ,071 100 "115"" 2,896 ,271 100 102 5,137 ,101 100 145 13,922 ,666 100 200 1,485 ,819 10 7 15,352 ,462 100 38 1,419 ,804 Newport— * 100 100.000 100,000 Haute First Nat Bank— Terre Sale price. o 133.138 1,736,127 100 481,795 5.801.473 100 in Pref. stock retirement cent sa les Citizens Union Fidelity e Affiliated with the First /March 7, 1938. h Member of i Common and 1250 cago, x Q price. unified certificates. b Sept. 28, 1938. d New stock. National Bank of Louisville. June 30, 1938. Bancorporation. Northwest preferred stock or capital debentures outstanding. 18, 1939 stockholders of West Thirty-first State Bank of Chi¬ 111., voted to liquidate the institution and pay depositors in full. Ex-stock dividend. I Last sale. k On Jan. 20 a c 100 5,187,518 1100 \ 100 17,668,519 i 10 re 140,085 5,803,555 1,669,419 Fidelity A Oolum Tr. First National Bank- Newport Nat Bank.. N 250,000 250.000 239,467 87.411 Louisville— American Nat Bank. 85,054 144,711 303,116 164,718 19,507 5,914,333 Citizens' Union N B. 100 Bend- 1349,000 500,000 753,250 250,000 900,000 25 355,201 Citizens Bk A Tr Oo. 101,659 8,164,242 119,497, 250 196,185 1,315 427 870, 918 21,281 484, 123 8,056 2,250,690 32,199, 581 2,323, 059 47,363 425,146 3,306 232 137,810 4,383, 109 1.500,000 11,020,792 830,000 1,000,000 1,131,061 < 76,134 399,200 1,000.000 2,479,934 I 10 4,655,572 73,531 200.000 1 350,000 1,087,815 1.000.000 375,000 150.000 236,491 150.000 507,693 500.000 OovingtonTrABkgOo Lexington— Oommon II,556,435 120 20 450,972 250.000 1 25,000 550,000 150.000 Common 100 125 Indianapolis— 1,000.000 775.000 110 200,000 Peop-Lib Bk A Tr Oo Zl American Nat BankCommon share. 100 First Nat Bk A Tr Co 20 , o Preferred 250,000 300,000 People's Tr A Sav Co Gary— Gary State Bank.... 220.355 share• N 100 Kansas City— 55,951 100,000 145,700 / 146,700 100,000 500.000 ' ... 220,073 100 3,483,628 4,458,860 Wichita— Per 500,000 Citizens Tr A Sav Bk Merchants Nat Bk__ Common Preferred Dec. 31 Jemm'l N Bk of K C Topeka State Bank.. Dec. 31 Evansville— Citizens' Nat Bank.. St Joseph L A Tr Co Terre Haute— institutions State Per *lrnt National Bank. First National Bank. City Nat Bk & Tr Co First Bank A Tr Co. Merchants Nat Bank 100 Nomi nal. Fidelity Sav State Bk Guaranty State Bank Nomi nal. _ 2.307.858 71,657 160.000 250.000 Citizens State Bank. 100 40 INDIANA Dec. 31 South 100 Hutohinson— Nat Bank of Topeka State Savings Bank. National Banks American Trust Co. 126 Topeka— 9,450,730 4,913,112 405.403 Security Trust Co Union Trust Co 5,821,761 KANSAS Dec. 31 Manufac'rs State 40 420,167 243,518 500.000 Debentures 116" Leavenworth— 'l20'" 100 Springfield MarlneBk Indiana Trust Co 150 130 1100 Sioux City— First National Bank Common Common 65 1.750.000 1,250,000 I Preferred Exchange State Bank 100 555,112 297,814 Fidelity Trust Co... Fletcher Trust Co- 100 a "55" N Common University State Bk. Central Nat Bank... 149,021 500.000 People's State Bank. 130 115 1100 50 Preferred 78,773 I 300.000 Marion Co State Bk. Merchants' Nat Bk 20,605,968 rioo 25 120 1,755 911 Common Springfield— Madison Ave St Bk 976,649 42 a 45.686 American Nat Bank. 1,496,589 First National Bank. Live Stock Exch Bk. 105 0 2,629,847 Illinois Nat Bank Class A 36 100 rec ent 500.000 Third Nat'l Bank... Gary Tr A Sav 125 125 2,890,515 150.000 Central Trust Co._. i Lincoln Nat Bk A Tr 17,176,413 101,749 450,000 Des MoinesBkATrCo 175 200,000 246.000 Co National City Bank. North Side Bank 729,427 550.000 Common Preferred Jap City State Bank Cent Nat Bk A Tr Co 535 165 Illinois Natl Bk A Tr Lamasco 100 100 140 Rockford— Franklin Bk A Tr Co 27.097,924 275 100 100 100 131,911 100.000 Common Swedish-Am Nat Bk. .183.306 a Security Nat Bank-. Quincy— B'dway Bk of Quincy 111 State Bk of Quincy State St Bk A Tr Co. 100 1100 Des Moines— Amer Tr A Sav Bank 100 50 100 113,043 j, 1,807,551 Bankers Tr. Co— First National Bank 1'" 10,052,857 23,826,813 14,261,596 95,464 600.000 Savings Bank. Davenport— avenport Bk A Tr. 1,493,693 f 100 100.000 Preferred 4tate 68,370 Dubuque— Jefferson Tr A Sav Bk South Side Tr A Sav B 150.000 Common Valley Sav Bank Peoria— Com Mer Nat BkATr 169,244 38,014 Bank A Trust Co: 7,240,122 1,383,002 7,287,511 1,991,761 100 200,000 ElginElgin Nat'l Bank... 3,039,011 share. 100 (swa-Des Moines Nat 100 207,544 352,902 430,866 4,828,840 968,876 2.3,753,787 453,669 11,463,508 870,052 78,169 10,921,857 234,042,170 362,716 12,229,790 1,301,486 27,958,885 502,354 16,740,617 10,155,736 339,976,957 366,775 8,698,952 54,634 2.380,775 Merchants Nat Bank People's Sav Bank.. PpAfmr AH *125" 100 2.762.714 64,166 Guar Bk A Tr Co— United State Bank-. 200,000 200.000 Ask Per 17 12,474,690 13 110 1.000.000 Bid Par Deposits Burlington— farmers A Merch S B Nat Bk of Burlington Cedar Rapids— 343.704 300.000 - Gross & Profits I Nomi nal. 8 397,142 1,545,509 275.000 325.000 ... Preferred Liberty Nat'l Bank Lire Stock Nat Bank Madison-Crawford Natl Bank Main State Bank— Capital | Dec. 31 TUXl. Lawndale Nat Bank I Surplus Ask Per 129,565 250.000 State Institutions IOWA Gross Deposits Nomi Chicago (Concl.) Kaspar Am State Bk COMPANIES MARCH, 1939] National Banks LOUISIANA Dec. 31 Surplus & Profits Capital Baton RougeCity National Bank Common Preferred Louisiana Nat Bank Common........ 300,000 240,000 ... 300,000 240,000 Preferred New Orleans— Amer Bk A Trust Co Common 1,000,000 1,000,000 Preferred j 437,837 J 429,329 J 1,442,998 Nomi nal. Per share $ J10 110 10,809,789 25 20 10,769,459 1100 i 80 34,357,806 (100 135 125 88 92 (lOO 1,500,000 1,200,000 .... J 718,366 50,747,118 \20 23 24# 26 120 919,187 53,788,968 1,500,000 1 1,200,000 2,718,733 181,611 208,000 2.800,000 6,718,776 121,472,350 Whitney Nat Bank.. 23# 22 / 20 28 \20 20 . 25 74 100 140 145 100 100 125 135 100 105 Shreveport— First National Bank. Commercial Nat Bk. Cont'l-Am B A Tr Co 1,075,491 798,893 1,000,000 1,000,000 700,000 310,255 29,980,632 21,073,674 10,302,805 Everett— $ Gross Surplus & Profits Capital Ask Bid Par Hlbernia Natl Bk Common Preferred Nat Bk of Commerce Common..... Preferred..'. Louisiana SB & T Co MASSACHUSETTS ataU^Tm' Gross $ $ I State Institutions Dec. 31 Deposits 103 TRUST COMPANIES AND BANKS $ .. Par Deposits % 600.000 773.562 10,533.054 Ask 10 400.000 800,000 267,501 556,810 300,060 6,439,589 67,787,634 63.491,232 100 100 100 500.000 892,516 7,283,962 100 150.000 120.000 290.000 247,588 167,536 252,955 2.843,286 1,441,789 3,579,419 100 10 200.000 300.000 961,150 184,927 5,764,888 100 2,201,941 10 275.000 380.000 Middlesex Co Nat Bk Fail River— Fall River Nat Bank Durfee Trust Co.... Fall River Trust Bid Nomi nal. Per share. J 138,024 427,500 101 106 212 76 Fitchburg— Safety Fund Nat Bk. Gloucester— Oape Ann Nat Bank. N Gloue Nat Bk of Glou Gllouces S D A Tr Co d HaverhillHaverhill Nat Bank. Merrimack Nat Bank Holvoke— Holyoke Nat Bank— Common I.. Preferred Park National Bank Common........ 100.000 1 Preferred 144,000 Hadley Falls Tr Co.. dl,400,000 LawrenceBav 8 tateMer Nat Bk 600.000 sa 2,600,868 J100 1100 20 9,602,984 6 les 20 7 7.476,144 I 50 I 50 188,433 249.532 o rec ent 319,914 6,599,360 433,800 3,817,830 619,189 10,813,672 25 139,696 70 75# ...... 100 1.000.000 59# 25 300.000 • 3,269,129 J 50 I 50 3,049,614 100 5,437,368 100 63,686,690 100 20 69,259,574 25 Lowell— National Banks MAINE Dec. 31 Institutions 8tate Appleton Nat. Bank. Dec. 31 National Bank Per Augusta— 825,000 404,169 Depositors' Trust Co 701,612 502,348 shaie. 100 8,018,279 9,825.236 ..... 33 31 25 1,000,000 200,000 600,000 600.000 | 524,628 100 100 8,624,396 7,476,621 292,905 993,336 Preferred Portland— Canal National Bank Caaco Bk A Tr Co. First National Bank. Nat Bk of Commerce 600,000 200.000 400,000 .. 491,750 450,000 83,250 ... 11,896,650 1 200.000 1 190,000 200.000 250.000 100,000 400.000 les First National Bank. d Merchants Nat Bk.. Safe Deposit Nat B1 d 29 32 20 f 105 40 4,146.214 5,258,948 6,651,692 100 22 37 40 Warren Nat Bank Salem— Merchants Nat Banl 50 40 65 72 718,000 230,923 500.000 425,000 550,000 473,600 69,934 275.000 cent Lynn S Dep A Tr Co Security Trust Co.. New Bedford— 100 25 8,279,476 ) o 302,416 476,191 604,896 749,153 200.000 .. sa 20 20 I 488,238 201,150 260,931 332,152 400,f)00 Bank— Common.. Preferred A Preferred B ..... Preferred.... re Common........ Portland Nat Common. N Merrill Trust Co— 1 119,809 C40 .. 50 250.000 200.000 662,774 ...... .... Third Nat B AT Co.. Dec. 31 Springfield 8 1) A Tr. Nomi nal. Baltimore- Per Bait Oomm'l Bank.. 381,215 500,000 10 v4 /10 Preferred Calvert Bank Canton Nat Bank... 50 Carrollton Bk of Bait Commonw'lth Bank. First National Bank. Nat Cent Bk of Bait. Nat Marine Bank... Western Nat Bank.. Colonial Trust Co... Equitable Trust Co. Fidelity Trust Co... Maryland Trust Co Common Capital notes..... Mercantile Tr Co... Real Estate Tr Co.. Safe Dep A Trust Co Union Trust Co Cumberland— First Nat Bank.. 600,000 11,143,683 36,730,532 800,000 d 352,797 10,418,419 370,000 d 149,901 3,735,785 300.000 230,887 1,565,015 80,000 212,415 1,265,107 300,000 4.000.000 6,659,524 170,103,317 496,665 6,405,064 400,000 766,443 5,128,165 600,000 547,358 12,445,535 750,000 138,623 1,973,302 400,000 2,000,000 1,300,000 37,377,770 1.000.000 942,436 18,877,375 70 50 1,000,000 11,170,000 1,650,000 1,600,000 3,881,799 272,267 600,000 2,000,000 4,214,356 3.000.000 1,660,191 d Peoples BankCommon 100,000 99,500 Capital notes Second Nat Bank... 165,100 394,000 J 500,000 70,598 224,416 37,283,763 share. 6 20 100 5,596,572 Baltimore Nat Bank Common 10 mmm 2# — m—mm 4 6 55# 100 32 15 25 100 25 {..° Taunton 50 13 Machinists' Nat Bk. Farm A Mech N Bk. 933,865 498,174 Common Preferred Guaranty Bk A T Co Worcester Co Tr Co Common Class A ..... National Banks Dec. 31 75,000 I 51,300 150,000 150,000 Preferred Fr'k Town Sav Inst. West Maryland Tr.. — l1.5 100 25 99,355 1,723,521 120 110 135 130 155 17 18 4,254,811 1,570,984 Hagerstown Trust Co 150,000 Preferred— 1,694,967 5,737,606 100 c25~ Common. Preferred Wabeek State Bank. N 10 57 25 57 30 100 25 25 1,000.000 2.000 000 J2,238,707 130 ilOO 4,998,798 10 634,105,110 "If I10 17 110 18# 10 State MICHIGAN Institutions Dec. 31 Per 48,104 332,015 2,625,522 6,092,184 100 N 759,823 9,846,758 20 sa I,267,095 660,695,144 50 share. 100 o re cent 230 les 1,500,000 11,750,000 137,975,217 J 20 t 20 3,610,000 50 3,000,000 4,432,595 126,103,116 29,063 100,000 388,268 100 J13227615 52 90 250 54 155"" 391,573,872 i 1 10 25 42 43 10 500,000 11,610,399 850,000 377,467 1,200,000 364,112 500,000 21,423,950 / 10 23 25 \ 10 g 8,597,729 414,104 10 Equitable Trust Co- o re cent sa les 309,660 Common 226,340 Preferred | 444,297 g 1,751,400 f 20 \ 20 Detroit Trust Co- 10 Preferred Dec. 31 295 United Savings Bank Common National Banks 9 285 14,854,605 1100 500,000 11,019,376 400,000 300.000 238,805 7,500,000 9,500,000 Common 65 115 4,105,506 1,900.288 2,258,980 4,304,075 Commonwealth Bank <13,700,000 Detroit Bank Michigan Ind Bank Nat Bank of Detroit60 100 10 94,588 316,114 239,716 70,273 267,891 303.842 10 100 25 Detroit— Bankers Trust Co— 90,000 397,000 200,000 200.000 300.000 Bay City300.000 Say City Bank 400.000 n atl bk of Bay City. People's Commercial A Savings Bank... dl ,000,000 Mfrs National Bank. Hagerstown— Farmers A Merc Bk. Nicodemus Nat Bk-. d Second Nat Bank... 1,350,913 1,853,307 95,382 Nomt nal. 10 115 390,979 46,686 2,902,105 m — 9 Preferred Frederick Co Nat Bk Common... 1,600.000 1.000.000 1.000.000 194.250 230 65 100 5,006,934 5,156,097 10 14,747,957 29,354,821 15,685,066 13,694,047 2,176,640 18 520 50 jc 211,108 10 Worcester— 14 100 10 6,511,340 100,000 125.000 50 6,790,208 ( — Common Capital notes..... Frederick— Oitisens' Nat Bank.. 3,231.581 7# 25 125 3,360,841 65 69# 100 1,522,813 150,000 298,500 100 33 14# 68# Liberty Trust CoCommon..... 1,914,293 10 42 20 56# 75 30 5,841,999 34 Mechanics Nat Bank 10 k 10 Union Trust Co West Springfield Tr. Bristol County Tr 24 120 25,674,812 1,669,935 31,928,820 40,617,989 47# 50 6,867,630 20 9,526,599 5,598,243 12# J 903,113 Common. Preferred.. State Institutions MARYLAND Dec. 31 100 235 350 Peabody— SpringfieldNationalBmks 24 Naumkeag Tr Co— 25 Springfield Nat Bank d2,000,000 J 561,490 10,987,024 20# Lynn— Central Nat Bank— Manufac'rs Nat Bk. Essex Trust Co Bangor— Merchants' Nat Bk. Eastern Tr A Bkg Co 135 Union Old Lowell Nomi nal. First Nat Qranlte Bk d 125 Highland Park Trust MASSACHUSETTS Un Guardian Tr Co. 2,090,000 II,970,279 010,694,285 f 20 1,000,000 \ 20 113,721 g 100 150,000 287,801 693,509 q 4,479.796 100 500,000 42 24 26 Flint— Nomi nal. Boston— Per First National Bank. 27,812.500 52,371.683 662,094,181 41# Merchants' Nat Bk. 3.000.000 5,663,442 87,633,851 351 Nat Rock Bk of Bos 20 1,500.000 2,863,608 31,996,263 60 Nat Shawmut Bank- 10.000.000 20,851,251 179,987,176 12# 23# Second Nat Bank 25 2,000.000 4,770,172 78,564,956 130 Web A Atlas N Bk.. 447,815 13,696,294 50 1,000.000 44 Boston S Dep A Tr.. 100 a280 2,000,000 4,038,821 35,545,238 Columbia Trust Co.. 100 100.000 238,512 2,321,529 Day Trust Co 1,250,000 1,803,594 12,327,187 100 50 911,179 Fiduciary TrustCo.. d 500.000 2,176,562 New Eng Trust Co.. 50 a400 1,000,000 3,381,795 32,388,722 Old Colony Trust Co t5.000.000 None tlO 5,277,279 Pilgrim Trust Co 437,700 400,000 8,192,856 100 165" State Street Tr Co.. 3.890.000 6,339,947 686,184,092 100 255 U S Trust CoCommon 12,628,631 / 10 \ 10 2,561,756 100 share. 41# 355 63 23# 134 47 260 Beverly Trust Co.— 100.000 291,089 89,726 300,000 1 300,000 500,000 623,614 8,211,308 408,015 6,988,742 50 668,562 66,593,722 4,490,763 485,085 1,168,532 620,594,212 100 10 425 10 440 20 66 68 12 15 / Common ..... ........ f 20 53 I 150,000 300,000 wrarvard Trust Co... 1.000.000 20 22 24 18 21 20 10 13 11,779,216 I 20 I 20 18 20 Nat Bk of Grand Rap 500,000 195,000 Common Preferred ..... 400,000 175,000 J 469,624 8,159,925 c20 J 476,817 15 1 10 i 17 clO 10 Common 1,000,000 11,822,802 43,064,406 Preferred ...i. 1,500,000 131,616 g 1,145,103 Grand Rapids Tr Co. d 400,000 383,299 250,000 2,710,656 Union Bank of Mich. l,200,00u Michigan Trust Co.. SaginawSaginaw State Bank. d 357.000 Second Nat Bank A Tr Co... 1,250,000 50 26 10 HNKJ o o 19 13 170,264 5,884,946 20 24 2,166,806 28,435,478 100 661,923 g 1,727,351 8 «• mm * Sale price. a Stock has to be offered to board of directors. 6 Includes savings deposits. Retirement price. d Common and preferred stock or capital notes c Cambridge— Cambridge Trust Co County Bk A Tr Oo. Central Bank ... 160 160 Brockton— Brockton Nat Bank Preferred Heme Nat Bank 1.433,817 28 18 20 20 Rapids— Preferred 300,000 100 100 100,463 24 20 Old Kent Bank— Beverly— Beverly Nat Bank.. 4,062,272 61,523,889 Grand Common 700,000 11,218,096 450,000 141,922 100.000 is0* 20,057,173 8,895,670 3,074,527 5,885,474 250,000 Merch A Mech Bank Nat Bank of Filnt Peoples Nat Bank— Convertible pref— Wlnthrop Trust Co.. ........ 754,792 376,257 77,511 409,715 20 1,000.000 250,000 400,000 Olt Com A Sava Bk. dl ,000,000 Gen esses Co Savs Bk 12 outstanding. e Sept. 28, 1938. / Convertible pref. stock entitled in liquidation to $20 a share. g Trust balances. k Units. 1 Last Sale. o June 30. 1938, t Affiliate of First National Bank of Boston. ^ ••• 28 15 12 21 25 16 Z250 BANKS AND 104 National Bank» Capital Duluth— Bank of Oomm & Sav Par Deposits Bid 39,935 336,881 40,058 1,218,932 200,000 2,000,000 100 887,997 7,045,173 1,989,589 30,328,996 100 50 N of Duluth Northern Nat Bank. Pioneer Nat Bank... Western Nat Bank.. k 400,000 1,000.000 100,000 100,000 i * Midland NatBk & Tr 100,000 k 150,000 e 100,000 66.000,000 b 100,000 k 376,000 *1.000.000 Minnehaha Nat Bk b First Nat Bk A; Tr Co Hennepin State Bank Marquette Nat Bank 231,385 452,505 47,380 16,454 100.000 6,702,615 11,675,633 1,051,424 935,536 cent 100 SE les 100 66z3 5,000,000 13,897,119 121,623,909 /100 1,500,000 37,020 1,516,199 100,000 9 e 14,472 50.000 1,109,314 e.__ Third N'west'n N Bk e 126,349 100.000 1,739,981 el 00 4th Northwest Nat'l. k 135,698 125,000 2,991,515 elOO 48,183 85.600 University State Bk. * 1,211,229 145,595 69,000 200,000 125,000 p k 207,025 4,596,009 838,388 15,765,919 349,703 9,564,275 i 205,303 3,199,931 49,042 3,105,491 257,777 5,450,363 6,081,747 164,566,634 325,598 5,643,678 3,108,517 101,593,651 25,682 2,668,885 332,467 4,159,116 218,095 2,993,536 290,000 594,000 Southern Missouri Tr * 100,000 4,610 393,337 94,449 2,624,954 10,905,641 2,257,613 100 29 100 74 20 100 20 National Banks State MONTANA Dec. 31 6 "in"" 77 75 35 40 128 y2 130 100 100 5 25 100 29 20 5H 30 50 "26"" 100 175 100 1001 100 Institutions Dec. 31 Nomi Billings— Per Midland Nat Bank.. Montana Nat Bank. Sec Tr 8c Savs Bank. sa les 200,000 150.000 100,000 223,201 163,170 199,881 First National Bank. Miners Nat Bk No re cent 100 709,463 300.000 178,466 100,000 1 152.600 k 26,662,499 100 4,590,270 100 1,886,184 100 115,322,776 P100 2,234,339 100 7,498,666 100 5,342,793 elOO 300,000 100,000 Metals Bk 8c Tr Co. Helena— 600.000 879.636 41,642 645,013 278,747 600.000 297,651 9,783,085 PlOO 250,000 230,000 120,147 454,315 7,040,149 J100 \100 plOO 7,740,516 116,785 221,561 pi .000.000 National Banks State MISSISSIPPI Dec. 31 e 11 105* 3,114,300 3,087,081 100 12,425,441 1,205,704 13,327,670 100 cent 100 les 100 o First Nat Bk & Tr Co Union Bk & Tr CoCommon National Banks Dec. 31 100 Institutions State NEBRASKA Dec. 31 Institutions Dec. 31 Nomi nai. Per shai e. Lincoln— Nomi nal. Jaokson Per share. Continental NatBk— Common 312,500 [ 290.000 149,062 850,000 300,000 571,374 781,154 20,123,145 10,380.199 1,500,000 450,000 I,083,834 26,616,277 12,704.765 1,500.000 500,000 II,665,304 e Preferred Capital National Bk300,000 1 100,000 50,000 740,000 i 297,000 Oommon Preferred Oommerc'l Bk&TrOo Depos Gu Bk & TrOo Jackson-State N Bk. Meridian— nal. share 4,586,056 plOO 4,854,495 1100 406,290 58,277 Preferred Common share. 120 20 8H Midway Nat BankPreferred First Trust Co. 100.000 nisi sens' Bank...... * Union Nat Bank * 8% Ask Bid Par Butte— *1.688,000 k 150,000 ok 200,000 First National Bank. ptt .000,000 First State Bank g 100.000 EmipireNatBk&TrCo ek 465,000 Stock Yards Nat Bk. 250,000 400.000 Springfield— 5,069,446 plOO 1,8901000 340.000 LIndell Trust Co b Bochester— First National Bank. Union Nat Bank St. PaulAmerican Nat Bank. Commercial State Bk DrovExcbState Bank I Ohlppewa Trust Co. * Saston-Taylor Tr Co * WebsterGroves Tr e Cross Deposits Per 500,000 1,000.000 1.000.000 Miss Val Trust Co.. 6,000,000 Mound City Tr Co * 244,559 Nerth St Louis Tr Co 300,000 120,532 2,270,411 5100 34,907 1,895,757 e._. 34,105 1,734,563 elOO 7,876,258 145,243,305 b 20 30,234 1,108,822 100 291,037 100 5,486,442 485,722 16,651,904 el 00 40,610 1,948,638 6100 Dec. 31 Nomi nal. St. Louis (Concl.) Telegraphers Nat Bk Merc Com B & T Co- 10.000.000 Mercantile-Oommerce Nat'l Bank. 350.000 100 N'western Nat B & T Common Preferred Produce State Bank. 2d N'west'n State. o 100 Surplus & Profits Capital Tewer Gr Bk 8c TrOo Onited Bk & Tr Co Minnesota Nat Bank Oentral Nat Bank... Fifth No'west'n N B. Ask Siafs Institutions MISSOURI Dec. 31 re First & Amer Nat Bk Minneapolis— Blooming'n-Lake NB National Banks Nom inal. Per share. $ 600.000 * institutions Dec. 31 COMPANIES Cross Surplus & Profits $ 100,000 City National Bank. Duluth Nat'I Bk State MINNESOTA Dec. 31 TBUST 525,148 8,207,242 13,482 414,222 363,862 J 30 140 858,466 12,291,213 7,817,795 50 60 ——— "i§H 10 100 140 100 125 160 150 First National Bank. Nat Bk of Commerce 9,824,238 1100 \100 alOQ 100 140 160 100 240 260 Omaha— First Nat Bank Live Stock Nat Bank 475,604 20 35 100 160 44,287,109 flOO U00 190 38 Omaha Nat Bank— Citizens Nat Bank.. 261,700 First National Bank. Mer 8c Farmers Bank 350,000 239,500 116,653 185,005 91,757 3,287,950 3,254,115 4,122,706 600,000 300,000 197,990 284,221 5,565,529 5,432,716 100 80 85 50 68 70 50 51 54 Common Preferred Common Vicksburg— First Nat&Tr Oo. Mercb NatBk&Tr Co "125"" 150"" State MISSOURI Dec. 31 « Preferred U S Nat Bank institutions Dec. 31 75,293 380,000 I 270,000 South Omaha Sav Bk Stock Yards Nat Bk Common National Banks 117,000 I 83,000 50,000 Preferred 8 100 200 Packers' Nat Bank: 96,585 el.100.000 2,486,631 1100 \100 925.431 51.846, 1,135,043 25 7,046,766 f 100 uoo 24,7*27.796 100 Nom inal. Kansas City— Per 100,000 600,000 Baltimore Bank City Nat Bk & Tr Co Columbia Nat Bank. Commerce Trust Co Cemmunity State Bk First National Bank. Inter-State Nat Bank Linwood State Bank. Merchants Bank 70,986 1,999 ,704 1,805,200 25,530 ,362 145,820 6,487 ,109 4,811,284 158,436 ,503 58,521 1,336 ,200 4,765,039 121,544 ,086 1,369,223 20,149 ,290 71,513 1,498 ,298 187,451 3,433 ,534 500.000 6,000,000 100,000 2.000,000 500,000 100,000 200.000 100 68 100 146 100 100 70 300 78 152H 90 470 450 295 100 100 200 Common 200,000 196.000 i Security National Bk 336,512 225 100 8,556,845 share. NEW HAMPSHIRE 170 Nomi nal. 94.600 105,400 Preferred Park National Bank. Plaza Bank of Comru , 50.000 100.000 100.000 Common 50.000 50.000 400.000 Preferred Stock Yards Nat Bk. Traders' Gate City 1,388,076 /100 1100 1,575,205 100 100 3,300,393 2,683,216 100 100 1,118,337 115 272,341 682,709 /100 uoo 6,783,359 100 132,049 8,514,854 62 ^ 59,963 26,573 75,200 120,318 49,045 200,00o Produce Excb Bank. Southeast State Bk.. South Side Bank— Nat'l Bank Union Nat Bank— 1 Per 600.000 1,103,201 100 28,237,428 100,000 Chartered issued Jan. 18, 1939 135"" 100 Nomi nal. Bono— First Nat Bk of Nev_ d Merc Home Bk & Tr Capital notes. Missouri Bk & Tr Co Common NEVADA 300 100 National Banks Dec. 31 share. 107 100 I 25,402 130 Manchester— Per Manchester Nat Bk. 125" Merchants Nat Bank 550.000 1,000,000 I 1.100.000 100,000 Preferred Union Av Bk of Com 681,906 100 N 0 100 re cent 100 sa 168 491,976 550,384 542,198 6,078,295 6,393,438 6,556,709 100 65 75 Indian Head Nat Bk k Nashua Trust Co— k 200,000 50 65 SecondNat of Nashua * 600,000 200" 225" 55 65 Nashua— 400.000 100 100 m m tm mm m ~ m 300 1135 100 105 Portsmouth— 26,148,981 J10 115 9 First National Bank. 250,000 I 75,000 100 100 150 200,000 227,933 267,949 428,828 146,447 104,606 273,601 126,765 71,930 8,270 ,445 4,139 ,576 7,685 ,990 2,991 ,205 3,450 ,944 7,606 ,117 2,869 ,893 1,172 ,616 38,360 3,143,777 /100 1100 100 1,522,192 N 0 re cent sa les 11 75 191.512 819,844 2,024,372 100 100,000 Bk 94,433 200.000 Preferred 150 125,513 14,661 1,441,809 100.000 University Bank Westport Ave Bank. 5,768,678 3,054,122 3,413,430 115" New Hanin Nat Common 932,401 595,858 269,807 90 Common * share. 200,000 150,000 200,000 Amoskeag Nat Bank 100 National Banks 155" NEW JERSEY Dec. 31 s,a"JZsTion' Bt. Joseph— American Nat Bank. Burnes Nat Bank... 200.000 500.000 100.001 250.00C 200,000 200.000 First National Bank. First Trust Co FirstStJoeSt' YdsBk Tootle-Lacy Nat Bk. Bmpire Trust Co Missouri Vail Tr Co. St. Louis— 129,000 107.500 I • Boatmen's Nat Bk.. 275,000 2.000.OU0 400.001 300,000 First Nat Bank 10,200,000 Industrial Bk&TrOo 600,000 Jefferson Bk & T CoCommon 200,000 I 200,000 Capital notes Jeff-Gravois Bank.. 72,785 2,283,985 92,500 k Bremen Bk & Tr Co. Cass Bk & Tr Co 600.000 37,855 2,549,374 2,144,412 54,946,658 313,497 5,352,903 212,926 5,550,701 8,282,546 237,086,397 569,881 11,383,793 75,361 3,406,516 148,045 50.000 I 50,000 Preferred 600.000 500,000 Mutual Bk & Tr Co 450,000 500,000 Plaza Bank - Bk. 200,000 350,000 (The). Bee Nat Bk Savo<fcTr & Savs Bank cent les Per Boardwalk Nat Bank Preferred Common k 421,000 400.000 5 15 20 70 33 100 90 100 17 20 100 33,867 100 35 H 75 55 "26"" 988,842 /100 1100 11,196,643 5,959,901 10,008,351 7,136,930 3,950,479 16,589,918 682,787 20 100 50 20 20 100 163,669 3,202,152 4,642,407 100 20 150 1,746.934 J100 I 10 5,483,926 a30 5 1,468,537 1100 I 10 Asbury Park— 580.500 203,345 5,902,365 100 60 65 300,000 100,000 156,890 108,973 2,646,235 1,089,807 10 8 10 5 3 4 200,000 400.000 36,286 374,950 1,762,701 10,205,998 50 Cumberland Nat Bk. 244,100 575,000 Farm & Mer Nat. Bk. 249.500 78,974 251,655 103,803 2,164,860 4,983,681 1,493,772 Asbury Park & Ocean Grove Bank Seacoast Trust Co Bayonne— * Broadway Nat Bk bayonne Trust Uo_. __ 100 75 100 33 75 12 Bridgeton— 100 20 42 85 14 Retirement price. b First National Group. a Charter issued Feb. 1, 1939: formerly the Northwestern Trust Co. of St. Louis, Mo. d Owned by the Transamerica Corp., San e Member of Northwest Bancorporatlon. Member First Bank Stock Corp. i Sept. 28, 1938. * Preferred stock and common stock Francisco, Calif. ., q or I : 64,462 183,443 251,404 225,000 1.184.565 ; A sbury PkNat Bk 8c Tr k c 560,345 249,903 280,093 313,347 130,423 99.687 Share. 100 6,241,204 Equitable Trust Co— 100 100 694,367 120,000 343.783 500,000 Bankers Trust Co— Common Guarantee Trust Co- 100 /20 120 400,000 Bridgeton Nat Bank. Oommerc'l South Side Nat Bk— re 100 Bank Manchester Bank... No'western Nat o sa " Common Southern 100 s 6,555,683 Lemay Ferry Bank- Manufacturers & Trust Co N 100 Preferred Amer Exch Nat Bank Common Preferred Baden Bank.. Nomi nal. Atlantio City— 100 capital debentures outstanding. Last sale. 0 American National Bank of St. Paul s Member of the Guardian Detroit affiliate. Union Group Inc.. Detroit. Mich. March, 1939] AND BAMS National Banks Dec. 31 Dec. 31 Ask Bid Par Deposits $ Camden— FirstOamNatB&TOo <12,177,891 981,989 Merchantvllle Nat') Bank & Trust Oo. d 222.500 77,007 Camden Trust Co <12,734,750 el ,350,146 East Orange— kmpere Bank & TrCo 200.000 24,401,694 12X 1,308,984 32,266,019 10 95.600 769,165 1 50,784 j 306.254 ■llzabethport BkgOo d National State Bank Central Home Tr Oo Elisabeth Trust Oo__ Union County Tr Co 400.000 dl,294,000 d 500.000 d 927.592 <21,114.345 fioboken— Columbia Trust Co.. d Seaboard Trust Oo__ 66.446 121,270 32,851 230,758 1,492,264 X IX LI 6,851,711 15,390,207 3,527,359 4,452,313 12,079,766 IX 45 2,911,443 33X 18,574,541 5 12 20 25 50 10 ?1* "15" 2 6* 1 100.000 500.000 29,257 368,164 n First National Bank. 2,225.000 Franklin Nat Bank.. d 400.000 Hudson Oo Nat Bk— 1,620.857 238,272 1.250.000 1 1.500,000 394,716 .. 1,140.000 12,006,729 1,549,565 2,296,132 20 "¥% ""3 X 10 6 400,000 First National Bank. Marine Midl'd Tr Co 861,328 396,004 577,447 9,282,622 10,354,268 7,828,112 100 <500,000 Brooklyn— State B ank& Tru st Co. retur banks Dec. National Bensonhurst Nat Bk d 200.000 160.700 Citizens Bk of Bklyn 92,459 240.000 Flatbush Nat Bank 55.100 225.000 Klngsboro Nat Bank 500.000 350,400 Lafayette Nat Bank. People's Nat Bank. Brooklyn Trust Co—Kings Co Trust Oo__ 925.000 550.000 8,200,000 500,000 222,800 341,800 5,734,714 6,335,155 ns Mfrs & Trad Tr Oo. Marine Trust Oo r30 30 I 1,115,361 61,708,012 23,285,349 859,490 date Dec. 5,000.000 <8,000,000 "27 X 26 12& "l5" 550.000 650.000 155,360 489,471 5 325,840 5 50 100 Debentures "a"— Debentures "b"__ 352,443 315,121 25,240 849,854 7,648,714 7,003,385 1,720,212 9,965,513 25 150 Nat Ghautauq Co Bk 200.000 500.000 Union 445,149 110,723 2,944,900 1,616,897 50 69,362 386,404 27,319 10 125 15 2.500.000 336.300 600.000 1.075.000 100 100 16 3 5 100 25 100 62 66 100 25 19 10 10 25 500 525 20 10 867,500 300,000 384,071 428,585 8 45 18X 8 105,343 , 471.273 North & West Hu dson— 289.283 251,017 Common Preferred Hamilton Nat Bank of Weehawken. Liberty National Bk 100.000 42,750 32,300 20 Chase Nat Bank Comm'l Nat Bk & Tr 18 14 Fifth Ave Bank 11 n o re cent les 10 r30~ 10 4,611,833 i 40 50 27,605 1.406,247 20 Oomw'lth Tr Un City Gutt'b'g Bk & Tr Oo Weehawken Tr Oo 598,500 1,270,740 6,072,739 5,809,899 3,554,402 8,736,850 25,053,227 1,419,487 1,984,863 338,592 29,928,409 5.375.494 100.000 400,000 HudsTrOoUnOity. nl.000.000 Woodcliff Trust Oo.. d 145.000 Passaic— Passaic n Bk&Tr Oo <22.250,000 People's Bk & Tr Co. 1.000.000 Plainfield— First National Bk... : 264.927 Plainfield Nat Bank. 175,000 <2 Mid-City Trust Oo 100,000 Plainfield Trust Co.. <21.150.000 State Trust Oo <2 247,500 Paterson— First National Bk— • 7,145 127,828 53,733 559,011 57,152 521,277 51,987 54,621 600,000 11,185,587 175,000 1,500,000 793,801 1,000.000 2,062,517 10 7 4 18 25 8 21 11 2 n 25 100 100 o re cent sa les 100 60 100 12 "30" 25 70 50 160 5,229,567 600,000 594,000 575.001 139,602 8,534,546 Preferred Trenton— Broad St Nat Bank. <21,000.000 First-Mech Nat Bk. <23,156,000 Prospect Natl Bank. 200,000 200,000 Security Nat Bank.. Trenton Banking Oo 1,500.000 ... First National Bank. Grace Nat Bk of n.y Merchants Bk of n.y Nat Bronx Bank.. National City Bank. NatSafetyBk& Tr Co Penn Exchange Bank Bkg Corp. Sterling Nat b 8c t.. frade Bank ofN y_. 35 <21,874,000 121! 268,137 3,322,102 13,074,750 j100 533.120 15,531,268 38,229,925 1,074,391 1,318,319 21,293,621 22,495,030 i 2,400,439 58,005 67,106 1,180,821 363,440 ri2x 10 345,412 11 c 3 25 35 40 50 50 100 10 100 100 50 10 3 15 20 Woodhiirv trust po 100.000 National Banks $ Mech & Farmers Bk. 250.000 Nat Com Bk & Tr Co 1,500,000 State Bank of Albany d2.870,000 First Trust Co dl,980.000 . 3,215,592 3,121,443 1,650,027 65 1 5,889,700 20.000,000 26,178,211 484,427,000 769,538 k 7,182,220 1.000.000 100,270,000 135516709 2279182000 7,000,000 8,297.693 90,592,000 500,000 3,741,442 52,055,000 10,000,000 109072832 523.928,000 1.500,000 2,052,600 £29,036,100 247,400 k 5,482,600 400,000 d 259,900 k 8,751,200 785,000 77.500.000 60,054,940 1807755000 dl .014,300 900,000 £16,519.825 236,492 £ 3,209,637 <2526,000 7.000,000 9,355,569 134.054,000 6.000.000 2,486,092 £29,383,457 1.500,000 1,707,800 £28,581,600 310,615 £ 7,464.458 <2416.250 % 1,408,326 5,665,636 4,192,061 507.896 70 75 10 Nomi nal. Per share $ 3,161,123 77,376,975 99,019,529 33,481,366 100 100 100 50 100 100 385 10 66*3 13.55 40 32 X 395 18 45 34% 168 162 750 710 1720 100 1680 100 100 ~~97~~ 103" 46 42 50 24X 26 12m 100 100 !§* \hH H* 12 17 X 29 X 31X ~~2 6 "~22~~ 12H 24 18 15 3.906,600 14,490,921 214,524 912,298,546 22,704,853 939,260,374 567,760,353 100 50 "16 7 20 52X 5 96 X 93 X 46 X 48X 50 25 54 60 10 20 13 14X 53 X 54 X ~13X 14X 10 20 10 x 8X 100 10 25 10 100 100 100 100 10 255" 215"" 257"" 262" "ox "ml 100 25 27 30 20 39 X 52 X 54 20 25 41>* 200 2.500.000 Oommon 16,000.000 13.271,705 Debenture notes— 7,620,700 258,340 Trust Co of Nor Am. d 750,000 Underwriters Tr Co. 830,300 1.000.000 u s Trust Oo of n y 2.000.000 28.786,621 Jamaica, L. 1.— is ma lea Nat Bank.. <2 341,900 * 5 98 loi" 25 Sale price, t Marine Midland 650 425 245 46 18,666,847 {.5? 7,243,132 11,554,500 89,044,984 3,367,400 5H OH 100 100 80 100 100 1575 90 1625 Corp. Only outstanding stock of People's Bank & Trust Co. of Passaic. N. J. par pref. stock of the Realty & Security Co. a b Includes Preference stockt e 10 50 State Institutions Dec. 31 NEW YORK Dec. 31 Albany— 542,801 420,400 405,212 and 31/38 rofits are of banks, a di tidend record rk City and Broo klyn m ay be 97,198,199, 200, 201. 202. 6,000.000 13,716,436 176,840,000 security stock. d Oommon and preferred stock or 100.000 200,000 101 repo rted net date Dec. State 25.800 k 650.000 are les 100 5,560,800 115.847,500 4 18 25 70 2 Mechanics' National Bank... First Nat Bk&TrOo ty banks sa Title Guar & Tr co— 10 Woodbury— __ 1,186,121 4,052,661 ",425,037 o re cent 10 10( Marine Midi Tr Co.. 9,252,669 105.908,416 6 000,000 New York. Trust Oo 12.500.000 27,881,484 362,091,616 Pan American Tr Co 142,100 4,396,900 6^0,000 Savings Banks Tr Co ,50 25 <50 N City Bank Farmers' Trust Co 10.000,000 14,438,099 80,108,923 <2 420,500 Clinton Trust Co 9,072,200 750.000 451,563 8,566,214 Colonial Trust Co 1,000,000 Continental Bk&Tr. 4.000,000 4,319,661 61,254.377 Corn Ex Bk & Tr Oo 15.000,000 19,038.831 297,683,409 342,440 32,300 600,000 Corporation Trust Oo 3.500,000 3,675,674 70,609,160 Empire Trust Oo 268,300 581,500 500,000 Equitable Trust Co. 1.137,352 Federatic u Bk& Tr Co 11,310,420 825.000 Fulton Trr<*t Co 2,000,000 2,827,027 23,198,431 Fiduciary t ust Co.. 1.000,000 1,397,983 11,684,587 Guaranty Tr, st Co. 90.000,000 182808 420 1619978420 Hellenic Bk&Tr Co. 3,049.978 444,453 1,000,000 50,000.000 52,935,003 593.282,361 Irving Trust Oo 1,617,183 20,754,798 Schroder Trust Co.. 1,000.000 1,877,573 37,524,886 2.000.000 Lawyers Tr Co c Trenton Trust Oo 2 089,521 108,392 485,971 521,365 Mfrs Trust Co: Oommon 32.998,440 145129 357 655,486,078 Convertible pref— 9,244,520 60 20 432,787 600.000 750.000 126,677 9' 7 16,872,129 29,852,789 100.000 50,000 I 250,000 150,000 150.000 550,000 Cent Han Bk&Tr Co 21,000,000 71,537,029 Chemical Bk & Tr Co 20.000,000 55,632.652 Prospect Pk Nat Bk Common. 100 6 50 350 664 394 4 50 102 440,514 150 25 i 100 15 Bankers Trust Co.. 25.000.000 79,464,116 Bronx County Tr Co <22,642,500 257,500 30 14,197,113 6 r20 5 25 300 4 13,693,156 floo \ 60 1,219,587 190 20 2,245,164 60 20 _ 1 25 100 IX 4,228,609 1,368,714 1,133,358 17,680,993 3,929,367 10( 7,760,464 3,918,419 4,592,365 2 Paterson Nat Bank— Paterson Say Inst... 749,158 20 10 25 60 58 167,236 455,751 Trust co. returns date Dec. 31. 1938 Bk of Athens Tr Oo. 162,200 600,000 Banco dl Nap Tr Oo. 647,921 1.000.000 b'kof Montreal Tr Oo 617,938 1.000,000 100 31,762 377,288 134,059 108,468 362,070 824,103 17,534 20 ~2F f50 50 142.109 _ Bank of Yorktown Schroder 100 1,523,355 I 100,000 500.000 Oommon. Preferred. a Second Nat Bank Bk of the Manhat Co 16 25 100 Guttenberg Merchants TrUnCIty 680,000 600.000 102.000 294,400 Amalg BaDk of n y Bank of New York— Public Nat Bk&TrOo IstNat Bk of Un City d Nat Bk of w n y 9 24 22 10 <32 t 4% . New York City Deposits N ew York Ci are of March Sur plus and p 4, 1939. 1938 for for National and Dec. 31, of banks and trust companies in New Yo found in our "Rai Iway Secti on, pages 1 18 50 1,786,227 f 1 10% 8X 200 000 d SH 27X sa 1 ... 83 1550 7 County 7X 26X 25 25 b 10,831,568 6,153,389 10 l!0 400.000 Trust Co First n Bk of Rondout 4 2 1,465,519 9,558,604 7,171,187 1,251,452 New Brunswick Oommon.. Preferred Haledon Nat Bank.. Nat Un Bk of America 54 47 78 100 100 1500 5 250.000 245,000 75.000 Bank of Kingston. Rondout Nat Bank. State of n y Nat bk 150 50 1,441,504 Fidelity Un Tr Co~.ii d7,250,000 ... 100 100 50 Kingston— 50 44,587,361 1,905,291 24,597,338 600,994 3,122,537 148,309 2,032,640 1,293,946 33,050,587 8,073,610 151,433,430 1,934,239 16,825,440 133,246 3,325,019 571,623 3,849,314 417,888 11,383,964 3.000,000 500.000 Clinton Trust Oo... d 526.080 Columbus Trust Oo. 304.000 Federal Trust Co 1.622.500 Preferred........ 100 75 100 12,784,904 25 2,964,691 Banking Oo National State Bank ! 1938 33xi 5,124,736 9,257,529 3,080,433 150.000 West Side Trust Co, 4 Vs Jamestown— Kingston Trust Co. Nat 1 Bank of n j... Peoples Nat Bk New Brunsw TrCo— Common 60 10,930,846 14,895,493 14,547,174 15,805 122.837 Common Preferred Citizens Trust oo— Oommon Preferred Hamilton Trust Co.. u s Trust co— 1,881,459 992,000 770,545 o Klrst Nat Bk & Tr Co m IX 50,826,086 800,000 792,000 1.237.501 °hemung Oan Tr Oo Elmira Bk & Tr Co.. 62,660 100,000 I 31, 51,560,427 r 146,993 2,308,019 8,334,462 94,304,622 7,661,085 158,509,919 Ithaca— First National Bank. "25" 100 25 Nat'l Ulster _ 50 t 31, 1938. 3,070,600 3,025,938 3,122,100 4,218,400 8,800,100 5,810,800 113,620.973 47,429,342 2,200,000 13,731,464 Oommon Debentures 2,500,000 Llncoln-e Side n Bk d 200.000 200,000 Merch & Newark Tr. Union National Bk. United States Tr Co. *225 100 Liberty Bk of Buffalo 400.000 g Mt Prospect nat Bk. Nat Newark & Essex . 600,000 The First Nat Bank. ... share 100 100 Xlmira— 5H 31,964,908 / 25 r 6u0.000 884.000 8c 6,622,920 6,348,120 Bank of JamestownCommon Lincoln Nat Bank... Franklin Wash Tr Oo Farm 363,897 136,488 500,000 614,568 200.000 600.000 Morristown Trust Oo Mt. Holly— Union Nat Bk&TrOo Farmers' Trust Oo.. Newark— Bank of Commerce of Ask Per 400,000 695,000 230.000 West Bergen Tr Co.. d „ 53 50 47,144,871 100 3,533,945 37X 2.500,000 Long Branch— Long Branch Bkg Co Morristown— First National Bank. National Iron Bank. American Trust Oo.. Bid AuburnNat Bank of Auburn Auburn Trust Oo__ d Tompkins Co Tr Co. 100.000 Trust Oo of n j— Common Preferred a Par Deposits Nomi nal — 86,827 3.400.000 3,183,057 n j Title Guar & Tr. <22.999.996 / 651,073 North Bergen Tr Co. 100.000 28,611 Newark Cross Surplus & Profits Buffalo- Jersey City— Common..... Preferred Bergen Trust Co.... Commercial Tr n j Institutions Dec. 31 Binghamton— City National Bank. 2 3 4% 4 8av Inv & Trust Oo: Oommon Preferred Elizabeth— Capital Nomi nal. Per share. State NEW YORK Cross Surplus & Profits Capital National Banks Dec. 31 Institutions State NEW JERSEY 105 TBIJSgp? COMPANIES capital debentures outstanding. The Camden Trust Co. of Camden, N. J., stated on Feb. 19, 1939 I Last sale. Consolidation of the Columbia Trust Co. of Hoboken into the Hudson n 450 252 48 thai; with the FDIC it had assumed the $700,000 deposit-liability of the First National Bank & Trust Co. of Blackwood, N. J. f The New Jersey Title Guarantee & Trust Co. of Jersey City, N. J., failed on Feb. 14, 1939, and its affairs were placed in the hands of the State Commissioner of Banking and Insurance. g Contemplated merger of the West Bergen Trust Co. with the Trust Company of New Jersey, both of Jersey City, N. J., pending. < Controlled by Marine Midland Corp. £ Dec. 31, 1938. in cooperation Trust Co. of Union City proposed, subject to stockholders' approval. o r Opening statement Feb. 27, 1939. Preferred stock retirement price. AND BANKS 106 National Banks Dec. 31 NEW YORK Capital Surplus & Profits National Banks institutions State COMPANIES TRUST NORTH DAKOTA Dec. 31 Dec. 31 Surplus & Profits Cross < Bid Par Deposits Capital Ask Cross Nom. Nomi nal. Per Rochester— share. 2,800.000 2,392,100 Common 4% Conv.Preferred Central Trust Co— ^2,201,222 28 31 \ 50 294,619 16,394,208 50 53 1,170,000 8 8 80 j 20 90 300,000 200.000 Capital notes Union Trust Co: J2,510,468 3,000,000 1,000,000 Common Capital notes Schenectady— jl,139,713 33,486,501 45,237,366 jlOO 900 331,872 Union National Bank 400.00U 361,355 Citizens Trust Co— 506,952 Schenectady Tr Co.. 300,000 750.000 1,388,115 Syracuse— Lincoln Nat B & TCo 1,200,000 900,081 750.000 175,000 345,590 9,744.162 | *30 e4.691.844 1,169,079 49 896,622 1,000,000 1,400,000 (1,144,728 Manufactur Nat Bk. 61,400,000 600.000 National City Bank. e Union Nat Bank 624,400 1,551,639 Capital notes Troy— Troy Trust Co 756,692 150,161 175,514 297.000 e 29,905,240 010 20 35 38 J 20 I 20 17 19 020 5 3H 11 u 21,167,718 i 25 25 11,586,403 6,394,637 162, 50 3,711,002 1,000.000 990,000 I1 ,714.676 32,030,158 m 13 20 4 24 5 6 10 .85 .65 060 557,942 400,000 138,189 5,692,785 210,000 112,000 158,758 4,081,347 I 35 1 40 Common—... 500,000 464,407 Capital notes..... 240.000 Watertown Nat Bk— Common.. Preferred 20 o cent sa les | f25 e 20 701,867 152,524 637,008 77,804 504,850 2,106,165 4,662,613 1,425,381 14,997,668 221.666 200,032 1,802,638 2,608,745 1,673,695 16 12 50 125 100 120 145 115,000 300.000 646.000 6 ... Huguenot Tr Co.. e 311,413 Rochelle Tr.. el ,600,000 20 40 Ossining— First Nat & Tr Co_ . 200,000 _ Ossining Trust Co... 2 IX 350,000 e 20 20 170,000 30,000 Common Preferred 1 28 31 10 1 3 20 21 26 20 457,125 750.000 e Atlas Nat Bank Oinn Bk & Tr Oo Columbia Bk & S Oo /lrst National Bank. Nerwood-Hyde Park e e 400.000 200,000 191,750 6,000,000 311,131 1,111,535 176,561 668,738 2,428,060 18,405,388 3,791,985 10,600,313 "ioo 1,306,378 236,575 9,642,525 3,035.637 1,556 386 79,851,392 100 5,672,283 9,861,330 2,287.341 3,376,765 45,281,925 16,750,069 7,488,959 les 100 145,644 6,778,448 600,000 208,267 500.000 e Lincoln Nat Bank 1,155,215 199,841 292,397 Northside Bk & Tr Oo e 231.000 People's Bk & Sv Oo e 600.000 Prov S Bk & Tr Co. 1,800,000 1.000.000 Second Nat Bank So Ohio S Bk & Tr Oo 500,000 Western Bk & Tr Oo e2.000,000 5,000,000 3,300,860 948,524 626,035 320,826 2,242,719 146 100 ...— 270 100 90 100 8K 10 10 142 147 100 88 95 100 225 50 53 100 100 10 "26"" "28" 100 153 140 150 10 5 100 11,088,213 73,194,059 145 100 81 84 95 ^ 97 A 5H 389,165 300,000 e 260 220 100 4,974,220 Central Nat Bank— Bank- National City Bank. Nerth Amer Bk Co. 5,000,000 11,246,020 126,209,282 ( 20 i 16 7.840,000 100 2,133,266 250.000 602,276 100 738,431 7,226,788 400,000 60 e 4,611,365 158,609 484,000 20 9,000,000 4,721,303 150,731.730 100 e 56,538 627,193 190,000 7% 7>Vs g 24 24 26 85 100 78 Union Bk of Comm. e5,000,000 100 CO CO Union..Sav & L Co.. 100 Capital notes 13,800,000 14,465,646 316.528,545 13,936.500 2,962,945 22,447,484 900.000 368,109 2,805,653 Branson Bk & Tr Oo 2,980,141 » 1 1 1 37 1 100 City Nat Bk & Tr Oo Columbus Saving Bk 28,310,830 10 67,634 250,000 d 1,758,720 1,600,000 143,188 100,000 Fifth Ave Sav Bk Co b 136,826 200.000 Huntington Nat Bk. e3,500.000 2,469,068 264,972 Market Exch Bk Co. 200.000 e North ernZSav Bk 83,869 125,000 Ohio National Bk 64.000.000 3,279,281 19 18 1,685,155 100 2,624,408 6100 100 "173" 180" 53,592,060 67 62 100 3,730,886 1,617,472 100 68,429,784 6 20 4,524,265 50 e 300,000 38,375 2,744,137 12^ 2 e 407,410 176,250 44,647 5.493,387 2,842,453 15 4 8 10 4 8 10 8 5 99,511 e 448,661 235,000 200,000 80,223 98,461 6 e 792,000 143,370 200,000 150,000 183,839 Peoples N B & T Co: Preferred 1,500,000 775.000 718,696 32,704,184 1,000,000 300,000 600,000 5,000,000 832,155 301,377 780,317 JlOO Preferred Commerce-Guard Bk 8pitzer-R T & S Bk. Ohio Citizens Tr Co. Toledo Trust Co e 2,851,181 8 3 50 10 1,817,048 100 30 50 7,265,546 100 15 20 5,400,490 r 1 14,508,154 25 22 20 25 CO ICO 578,332 Common 1,250,000 I 1,750,000 Capital notes 423,657 Mahoning Nat Bank el,623,000 Union Nat Bank 1,250,000 1,955,611 Ctfs of Beneficial Ownership Trust 25 21 26 1,004,749 350,000 532,113 5,609,693 First National Bank in Yonkers Yonkers Nat Bank & 300,000 929.213 8,089,159 25 15 27 1 • 90 95 ------ ..... 29 45 "32" 37 50 50 60 10 15 33»i 14,547.144 { 50 13,276,106 19,325,630 "25 7,499,568 25 50 100 152,741 750,000 uy2 120 15 C-2 Common 24 40 20 17,099,631 2,548,207 12,400,977 89,692.168 Youngstown— Dollar Sav & Tr Oo— Fund Yonkers— 10 ::::: ItN it- |100 1 60 City Tr & Sav Bk— 580,000 100 "25 Winters N B & Tr Co 3,193,346 1,805,431 Central Nat Bank County Trust Oo 14,588,175 Toledo— White Plains— Common 7,148.419 662,646 e Common Rye— e 288,517 Preferred 485,000 e 200,000 295,000 842,000 Common Pleasantville— Trust e Third N B & Tr Co.. 100,000 500,000 Common Preferred Bank 14,668,197 l Merch N B & T Co— 50 Weetches Oo Nat: Rye National Bank.. Rye Trust Co Tarrytown N B&TrOo 691,098 0 Dayton— Peekskill N B & T Co Mt Pleas Bk & Tr Co Port Chester—1st N Bk & Tr Oo Mutual Trust Oo N re cent Columbus— Peekskill— Citizens e First Tr & Sav Bk__ Geo. D. Harter Bank Cincinnati— Common New Rochelle— Central Nat Bank. loo Cleveland Trust Oo 100 100 10 300,000 990,000 Bank- First National Bank. Equity Sav & L'n Co 100 23,271 _ 12,158,265 3,058,632 6,922,061 92,324 c 3,496,492 4,320,309 100 Canton— Dime Savings Lorain Street 650,000 First National Bank. e e Fleetwood Bk (The) 267,500 Mt. Vernon Tr Co... e3.000.000 200,000 500,000 Capital debentures Preferred 170,419 164,825 200,000 350,000 16,758,644 24,626,447 4,185,035 sa Clev Sav & Loan Go. & Tr Co First Nat Brnk 100,000 Common Bronxville— Bronxville Tr Oo Mount Vernon— Goodyear State Bk._ Amer Sav's Bank Co n re Westchester Oo— Gramatan Nat Bk nal share. Cleveland— Northern N Y Tr Co 10,431,256 172,728 Fifth-Third-Union Tr ust Co— Common 5,000,000 13,750,000 100,288,291 1100 I— Capital debentures 2.000,000 Water town— Jefferson Co Nat Bk Dec. 31 Firestone Pk Tr&S B Central Trust Co 10,132,284 l 20 I 25 600,000 196,000 Preferred les 1,197,291 94,532 , 490.000 1,250,000 Bk & Tr Co Oneida Nat Bk & Tr Common 200,000 .... Common 200 Utica— First Citizens Bk & T Preferred cent sa Per Common Syracuse Trust Co.. Common re 25 Institutions State OHIO Capital notes First-Central Tr. Co. First Trust & Dep Co Common 0 100 n l\Olll I Merch Nat B & T Co Preferred N 100 Akron— 22,095,039 Common share. 100 2,409,725 1.827,430 6,549,622 3,226,322 Dime Savings Bk Co 5,865,065 f 10 I 10 100 7,611,642 100 7,401,960 15,742,006 100 200,000 1 253,590 Preferred 162,676 116,872 122,183 204,286 1100 Mohawk Nat Bank— Common n National Banks Dec. 31 Security Trust Co— Common e 50,000 500,000 150.000 "lo^i 20 201,000 Per S 8 e Bank.. Fargo National Bk__ First Nat Bk & Tr Co Merch Nat Bk&TrOo prices 10X "25 16,480,624 34,682,409 l e2,250,000 1,000,000 _ Roch Trust & S D Co 20 71,657,092 I 587,719 3,879,198 600.000 Common Capital notes Genesee Vail Tr Co. $ Fargo— Dakota Nat Lincoln-Allia Bk&Tr Ask Bid Par Deposits 7 ----- 1.243.700 Capital notes Oo— 400,000 400,000 Common Preferred c 68,883 8,306,904 I 20 I 20 National Banks Dec. 31 OKLAHOMA Institutions Slate Dec. 31 Nomi not. Per Guthrie— 100,000 75.000 175,594 95.227 2.540,173 1,291,064 100 N 0 Nat Bk of McAlester 100,000 3,213,272 2,761,844 re cent 100.000 246,580 278,362 25 First Nat Bk of McA 100 sa les 159,371 476,103 402,990 2,716,561 3.804,668 4,981.569 100 100 100 125 150 100 125 150 150 185 500,000 417,498 100 125 160 50,000 25,085 5,973,927 53,201,117 7,027,321 20,099,727 1,413,524 16,120,989 1,035,080 100 450.000 Fidelity Nat Bank.. Liberty Nat Bank.. el,200,000 100.000 Oklahoma Nat Bank. 283,846 3.424,002 295,664 969,290 48,632 100 100 125 2,000.000 c2,364,981 33 First National Bank. First State Bank MoAleater— Nomi nal. Aaheville— Per First Nat Bk & Tr.. Charlotte— Charlotte Nat Bank. 200,000 Bank Depositors Natl Bk. Fidelity 3 3 Durham Bk & Tr Co Hame Savings Bank. Mech & Farmers Bk- 467,808 578,882 500,000 300,000 1.200,000 Union Nat Bank American Trust Co.. Durham— Citizens' Nat Bank. 440,000 ? Commercial Nat Bk. 176,712 3 150,000 500,000 200,000 300,000 100,000 214,000 560,077 1,134,196 57,120 1,273,062 166,074 3,294,151 20 Muskogee— 4,793,380 11,650,257 6,576,059 63,825,823 50 75 100 205 208"" 100 250 100 273 100 55 25 72 80"" 20 19 21^ 1,531,758 12,468,414 2,030,580 5,780,642 104,264 68,302 2,046,049 1,017,245 191,054 10 25 276"" "25 "~40~~ "45" 25 25 200,000 800,000 Security Nat Bank— 370,806 4.188,969 12,443,468 790,000 1,358,380 19,155,184 10 27^ "Ux "16"" Raleigh— First Citizens Bk&Tr Wilmington People's Sav Bk & Tr Wilm Sav & Tr Co.. se e 171,500 300,000 Commercial Nat Bk. 300,000 First Nat Bk & Tr Co 400.000 Oklahoma City— 200,000 City Nat'l Bk&Tr Oo First Nat Bk & Tr Oo 5,000.000 e Greensboro— Guilford Nat Bank— 100,000 Citizens National Bk 434,829 c share. Tradesmen's Nat Bk Stock Yards Bank 75 125 27 10 25 50 50 75 100 175 225 100 100 125 Tulsa— First Nat Bk & Tr Oo Fourth Nat Bank— 51,548.822 20 30 284,252 6.648,836 20 25 56,729 4.910,783 20 2,500,000 12,857.019 1,125,000 25.000 14.789 62.436.653 10 360,041 100 Common Preferred 70 share 100 Nat Bk of Oom'erce. e 125,000 1 175,000 350,000 20 15 Nat Bank of Tulsa— 127,478 755,636 2,740,142 6,538,217 25 30 35 10 30 35 Wilson— Common Preferred West Tulsa State Bk 20 25 20 110 Branch Bkg & Tr Co 400,000 324,960 Jl,308,407 Nat Bk of Wilson... Winston-Salem— 100.000 224,526 3,311,125 25 First National Bank. Wacbovia Bk &Tr_. 200,000 90,204 3,285,702 <?3,900,000 2,557.973 82,136,894 10 100 Common Preferred ..... 19,448,890 100 160 250 275 0160 b Member of the BancOhio Corp. c t Toledo banks on a price range basis, Sept. 28, 1938. 31 1937. d Dec. e 0 n 6* preferred stock or debentures outstanding. Retirement price. i Controlled by Marine Midland First Bank Stock Corp. Branch of Smithfield, N. C. Common and Member Corp. National Banks Capital Surplus & Profits Institutions State OREGON Dec. 31 Dec. 31 Surplus & Gross Deposits Par Ask Bid Eugene- $ 368,995 100 3,000.000 300,000 5,734,194 103,056,904 451,954 4,393,330 100 172 85 90 4.500,000 5,822,051 120,956,352 20 33 4 — Per Common Preferred Mellon Nat Bank Nat Bank of America 251,644 4,078,173 200,000 \ 125.000 7.500.000 36,910,512 295.112,102 141,625 1 108,375 Common Preferred Nor Side Deposit Bk Pitt National Bank. Polithania State Bk_ Union Nomilnal. Bank— 1,000,000 1,000,000 450,000 1,632,281 2,178,401 1,373,891 Lehigh Vail Trust Oo 500,000 904,454 Allentown Nat Bank Merchants Nat'l Bk. Second Nat share. Per 100 140 25 40 155 45 10 20 22 100 13,210,718 8,484,913 5,575,113 7,274,393 100 120 383,651 200,000 700,000 200,000 50,000 Allegheny Trust Co. Colonial Trust Oo Com'wealth Trust Oo Dormont SAT Co. Farmers Deposit Tr_ 2.000,000 1.000,000 d 495,000 700,000 d3.742,300 1.500.000 125.000 1,320,000 Fidelity Trust Co Altoona— Manchester Common 150,000 293,900 307,549 446,041 4,146.585 Preferred Central Trust Co.. ! 10 276,203 2,716,359 100 14 98" ioo" 10 Erie Bank of Erie First National Bank. 200,000 .160,000 Lawrence Park N Bk 50,000 142,498 734,944 58,638 ,282,000 300,000 137,555 280,217 300,000 736,350 200,000 312,372 Marine Nat Bank Nat Bk A Trust Co. 1,202,488 13,951,884 634,092 8,097,306 3,978,302 10 100 100 6623 Oommon Union Bank (The).. 13,498,698 [ 50 1,537,269 a50 50 Capital Bk & Tr Co_ Harris burg Nat Bank Central Trust Oo Dauphin Dep Tr Oo Harrlsburg Trust Oo 400.000 4,763,962 10 5 11 8,296,187 25 80 913,377 32,274 1,317,366 1,435,297 125,000 400.000 . 2,967,979 433,392 849,352 300.000 400.000 Citizens Trust Co. 158,380 4,676,187 50 71 1,045,322 13,446,174 10,974,875 50 14 10 100 25 7 600.000 Lancaster Co Nat Bk d 796,725 983,868 424,642 400.000 Fulton Nat Bank 625.000 10,893,858 11,210,812 8,649,355 City Bank A Tr Co.. Reading Trust Co.. 300,000 Preferred I 439.209 6,550,461 Scranton Nat Bk— Comm n 1420 755 145 I— I 1004 13 300,000 237,835 1,835,182 55,380,008 9,344,241 10 '154 10 7.198,400 299,534 Philadelphia— Oentral-Penn Nat Bk Oorn Exch Nat Bank A Trust Oo 9,940,036 107,511,901 3,939,612 126,060 5.506,672 84,728,732 4.550,000 Erie National Bank. d 460,000 First National Bank. 3.111.000 Glmbel Bros Bk A Ti 96,199 331,112 200,000 Kensington Nat Bk. dl,129,766 Market St Nat Bk.. 1,000.000 NatBkofGer&TrOc 400,000 Nat'l Bk of Olney— 4.357,608 2,023,016 105.000 I Common.. Preferred North Broad Nat'l B1 Northeast Nat Bank 50 72,966 20 60 100 10( 2,857,925 9,259,053 31,856,683 14,247,773 50 30M 22 4 45 31H 254 46 37 4 290 40 4 295 "26" "29" 100 255 263 If 1,972,636 f 50 52 5 1( HO 95,000 186,146 2,114,657 3,576,501 148,000 3,070,282 f 25 i 25 26,225,987 434,448,142 2,355,000 121,967 20 'io'fH 26 1064 50 8,056,50i 10 6*4 275,00C Preferred 225,00( Philadelphia Nat Bk 14,000,001 d Roosevelt Bank 269,81* 3,398.972 f 20 I 30 2,875,87* 25 4 50 5 67 I 500.00( Preferred 650,00( } 655,755 15 50 "150"" 160" "36"" 80 90* 80 87 56 62 6,208.836 33,084.881 19,338,928 2,556,314 100 100 100 152,873 100 22,502,358 25 80 2,456,321 50 25 20 26 50 "155"" 105" 85 5 27 8 5 100 100 85 7A 6455 100 6200 98 100 10 64 50 34 50 50 75 7,054,487 20,511,188 4,225,061 17.106,675 10 1,290,264 63,549,705 1,397,019 2.795.730 963,435 25 23 26 172,996 2,464,119 50 755,273 4,775,326 25 45" "55 25 42 200,000 I 100,000 400.000 5 10 10 *17 896,819 16,676,745 556,860 162,085 1,925,134 Penna Trust CoCommon 14 15 a 25 30 32 68 72 15 21 24 35 40 r [ 25 25 f 25 [ Preferred 184.375 Wllkes-Burre— First National Bank 750,000 Hanover National Bk d 200,000 Miners Nat Bank 2.600,000 Second Nat Bank... 1.000.000 W-B Dep A Sav Bk. 500.000 Wyoming Nat Bank. 500.000 6 50 2,944,625 150.000 \ Preferred West Side Bank 18 50 75 1.000,000 I 100,000 250.000 Common 44 58" "65 2 1 25 1,428,511 139,179 6,052,207 2,666,936 607,096 667,685 8,987,295 1,278,699 23,432,244 15,307.823 4,226,086 7.831,632 100 208,460 367,072 486,167 250,000 In 186,390 190,000 342,373 150,000 100,000 29,246 625,653 500,000 125,000 191,439 512,921 225,000 300,000 904,380 500,000 537,062 500.000 780,280 v fin nnn 1,266,710 30 IT5 46 50 93 100 335 25 22 50 75 2,508,807 4,691,669 5,012,035 10 20 A* 10 20 2,037,222 10 5 74 3,226,935 667,311 8,004,118 1,651,968 4,343,549 6,339,336 10 214 Willi&msport— First National Bank 250,000 Willlamsport N Bk.. 350.000 225.000 West Branch Bk A Tc York- Cent Nat Bk A Tr Co Common .... Preferred Drov A Mech N Bk. Eastern Nat Bank.. First National Bank. Indus NB West YK. rteetern Nat Bank.. Fork Co Nat Bank.. Fork N Bk A Tr Co. Guardian Trust Co.. Second Nat Bank— Common d 74 186,834 250,000 200,000 Northw'n Nat Bk— Common Bank 200.000 300,000 300.000 Preferred., South Side Bk A Tr. Third Nat BAT Co- 674 10 3,040,000 Olty National Bank. dl.100.700 Northern Bk & Tr Oo 4.050.000 ... 10 1 100,000 200.000 20 20 50 Scranton State Bk First National Bank. Providence 20 f 100 100 196,776 4,966,504 141,421 319,686 42,542 300,000 1.170.300 12 Farmers' BkATr Oo Common 65 50 666,850 1,340,137 454,728 2,378,893 1.000.000 1,800,000 Green Ridge Bank.. North Scrant Bk A Tr Lancaster— Oonestoga Nat Bk.. 50 Soranton— HarrUburg— 396,510 300.000 50 6,000,000 11,120,329 98,449,615 428,371 7,283,092 875,000 250,408 1,972,033 150.000 South Hills Trust Oo 378,376 1,828,834 125,000 Union Trust Oo 1.500.000 95,796,718 252,993,443 1,327,822 Washington Tr Co__ 6,937,010 600,000 West End Bank 182,339 1,762,884 200.000 William Ponn Tr Co. d 94,500 2,102,000 175.000 Workingman's Savgs Bank A Trust Oo_ 1,120,952 9,825,112 400.000 B Allison-East End Tr. 10 25 40 1,754,343 10,787,039 994,902 1,297,757 30,457,064 34,343.498 3,914,396 Potter Title A Tr Oo d Provident Trust Oo_ Union National Bank Berks Oo Trust Co.. 50 67,324 1,965,044 r 25 Reading— 15 Security-Peoples TrPreferred 50 Tr Oo 12 62 100 People's-PIttsburgh Altoona Trust Oo— Common.. 50 Savings Bank A Trust Oo_ 6,072,510 (100 1100 250,000 263,390 249,300 - Preferred f [ 163,848 676,162 111,982 157,736 4.057,151 5,503.899 446,365 914,377 2,009,733 2,481,053 119,966 1,257,029 10,636,568 250.000 Savings Bank. Western SAD Bank First Nat Bank— 58,670 2.000.000 Bank Union National Bank • Bid Nomi Sheraden Allentown— Par Pittsburgh 35 PortlandFirst National Bank. Portland Tr A Sav Bk United States Nat'l Deposits (Concluded.) Keystone Nat Bk— 185 100 200 ,(f00 Bank share. Per 7,362,716 First National Bank Gross Profits Capital Nomi nal. _ 107 trust companies banks and march, 1939] Fork Trust Co 00 10 10 100 20 4.872.329 25 4,006,163 25 7.645.611 10 15 16 1924 57 35 564 154 10 South Phila Nat Bk Common 200,00C 100,00( 405.336 j 135.868 3.300.001 300,00( 400,00( 4,733,369 Preferred Tioga Nat Bk & TrOo d 63,089 94 *4 Tradesmen'sNatlonal Bank A Trust Co. Wyoming Bk & Tr.. Broad Street Trust.. Norn Ohestnut Hill T & Tr 250.00' Citizens & So B & Tr 125,000 Fldellty-Phila Tr Oo 6,700,00' 2,320,000 Finance Oo of Pa... Frankford Trust Co. Germantown Tr Oo. 50,899 d 500,006 1,400,000 Girard Trust Oo 4.000.000 Industrial Trust Co. dl.132,250 475,670 125,759 529 .231 g 16,859 16,866,232 114,423 ,224 987 ,367 7,255,028 10,854 ,083 1,609,479 20,973 ,439 2,154,153 10,897,843 108,344 ,749 997,745 11,650 ,868 1st 2d ..... 6 12 4 274 140 100 1.210,608 10 ^4 10 16 10 15H 278" 148 3,750,000 7.350,000 1,000,000 Mitten Bk & Tr Co 1,500,000 Ninth Bank & Tr Oo d2,221,990 Northern Trust Co.. 500,000 Nor Phlla Trust Oo. 500,000 16 4 1,246,108 623,335 884,210 2,890,788 1,361.704 8 5 10 . 6,616,632 19,433,920 12,860,269 7,479,339 2*4 34 24 10 7 100 540 50 92 8 97* on Lives A Grant Ann Tr & Safe Dep Oo. 8.400,000 16,881,286 232,111.777 1,155,561 750,000 781,726 3,200,000 12,543,175 48,908,303 1,500,000 2,366,312 10,038,396 274,707 300,000 3,269,600 27,562 125,000 879.479 Security Bk & Tr Co. Sonsitaly Bk & Tr Co 200,000 Arsenal Bank 100.000 Bank of Ohio Valley. Braddock Nat Bank. Dollar Savings Bank Farmers Deposit Nat 200,000 500.000 Hazelwood Bk (The) Hill Top Bank Homewood Bank Preferred Common... Iron A Glass Dol Sav 350,000 1 150.000 - Preferred NatBank of OomATr Phenlx Nat Bank Lincoln Trust Oo Rhode I Hos Nat Bk_ Rhode Isld Hos TrOo Union Trust Oo Woonsocket— 25 76 74.712 1,813,910 110 230,122 1,694,079 218,765 5,037,056 9 110 50 850.000 450,000 1,500,000 4,000,000 125,000 2.500,000 5.000.000 1.000.000 f25 125 50 8,365,329 833,609 50 3.226,273 918,960 100 12,227.257 2,550,585 100 10.284,929 112.078,287 25 176,368 1,799,455 2.952,732 51,306,662 *100 12,186,197 41,264,967 1000 100 1,231,957 23,423.745 125" 55 24 165 33 2050' 163.324 3.212.611 135 385,000 250,000 188,398 100 5,297,368 3,854,946 plOO 9,811,219 noo 100 1,242,810 360 50 120 285 60 355 15 "69" 100 565.000 27 6 3Qy2 10 5 50 27 50 40 ) 223,073 263,831 106,283 3,046,350 1,337,810 649,262 50 25 10 2 902,719 10,925,402 5,600.747 54,532,165 6.000,000 10,703.715 89,291,165 6,417,766 100,130,032 6,000,000 100 First Nat'l Bk 95 Northw'tSecurNatBk d Union Savings Bank- (6) 100 "l75" 155 100 175 100 50 100 5 974,778 193,694 462,489 50 10 5 50 70 139,780 455,383 1,578.370 4,489,155 50 20 ioo 125 420.094 175 500.000 532,011 241,299 615,500 200,000 200,000 200.000 g ♦ Preferred 100,000 172.700 Per 800.000 150.000 228.740 127,157 50,422 Sale price. a 100 5,124,667 9,011,405 3,259,263 648.480 1,298,263 2,350,199 300.000 stock retirement price. 6 A mutual savings bank. d Common and preferred stock or debentures outstanding. /Member of Northwest Bancorporation. g Sept. 28, 1938. k Stock all owned at Pittsburgh. 150 4.382,339 60 Sioux FallsA Tr. d Nat Bk of So Dak—_ 10 100 100 First Nat Bank & Tr Fourteenth St Bank. Freehold Bank 100 Nomi nal. Pittsburgh— Allegheny Valley Bk. Co of East Pitts.. Forbes National Bk. 554,119 2,955,353 Woonsoeket. Trust Co Penn W'h'g & S D Oo Provident Trust Real Est Tr Oo First National Bank- 107.100 1 92,900 120.000 Common Providence Nat Bank Industrial Trust Go_ '"34" 50 58,240 514,490 Mechanics Nat Bank 8 50 35 6,139,861 1,055,587 500.000 High St Bk A Tr Oo 14 alO 30,940,653 f J25 \25 288,339 Oelumbus Nat Bank: 5 I (5,610,256 Preferred. Preferred Newport Nat Bank.. Newport Trust Co.. Providence— Blackstone Can Nat- 10 Liberty Title & Tr Oo 400.000 I 210.000 120,000 300.000 45 584 10 35,510.131 Per Newport— Aquldneck Nat Bank Common 11 100 3.000.000 Land Title Bk & TOo Common Penn Oo for Insur 130 15 100 10 995.973 2,000.000 preferred preferred 125 I Integrity Trust CoCommon 42,818 ,260 100 2,776 ,577 374 1,747 .487 20 1,499 ,247 50 50 by Rhode Island Hospital Trust Co. I Last sale, n March 7, 1938. p Affiliate of the First Bank Stock Corp. N share o re cent sa les 108 AND BANKS TEUST COMPANIES National Banks Surplus & Profits Capital Surplus Gross Par Deposits Bid Nomi nal. Charleston- % 666,919 227,635 43,628 $ 700.000 200.000 50,000 Citizens A Sou Bank 0 Carolina Sav BankMiners A Merch Bk. $ 17,263,624 5,617,757 Per 100 100 454,295 share. 14 (7,10 14*4 95 1,100.000 1 1,200,000 / 963,279 Columbia— First Nat Bk of Col. 200.000 Lower Main St Bank 35,000 144,031 243,833 5,341,624 1,350.105 567,799 535.524 6,687,600 4,672,447 Common Preferred _ 35,112,573 *100 lioo 6 7*4 100 10 250.000 200,000 _ Bid Par Ask Nomi nal. Per share. $ 105,182 5.770,021 (100 23.112,360 100 200 400.000 84,073 185 121.878 1,785,578 4,091,021 100 400,000 100 300.000 330,085 4,087.888 100 t 250,000 890.000 National Bank ofFort Sam Houston i 99 elOO 250 92 100 1,182.266 307.809 8,369,963 9,972.328 100 50 910.751 100 <1,000 000 50 South Texas Nat Bk- 10 95* Gross Deposits $ 350.000 1 120,000 -— San Antonio Nat Bk Common 25 Waco— GreenvilleFirst National Bank Peoples Nat Bank. San Antonio (Con cl.) $ Common Nat Bank of Oomm. South Caro Nat Bk— & Groos Nat BankPreferred 95 Dec. 31 Profits Capital Ask State Institutions TEXAS Dec. 31 20 54 25 Citizens' Nat Bank.. 58 10 27 First National Bank- i Spartanburg— 480,835 90.078 inn nnn National City Bank. 185 195 77 80 80 Com'l Nat Bank— Common 160,000 Preferred 40.000 National Banks Dec. 31 | 73,399 2,954,094 25 J 20 National Banks Dec. 31 120 TENNESSEE State Institutions Dec. 31 625.000 1,079,285 Nomi nal. 100 190 200 10,536,034 /100 1100 44,841,405 100 150 155 10,500,137 Commercial Nat Bk 325,000 1 Common 325.000 Preferred Hamilton Nat Bank. 410,918 11,374,315 12,700,000 Oomm'l Bk A Tr Co HamiltonNafionalBk 50.000 200,000 1 i Park National Bank. 58,236 129,450 1,291,645 544.660 1,928,418 2,256,417 87,107 1,000.000 1,000,000 42,968,126 31,291,025 1,370,283 8 100 295 Kion's Sav Bk A Tr Utah Sav A Trust Oo 300 210 230 50.000 3.500,000 4,899.662 66,317,182 10 3.000.000 11,461,054 57,753,568 / 10 598,998 894,935 5,647,837 22,215,551 Preferred 3,500,000 Broadway Nat Bank 500.000 Preferred Third National Bank J 855,934 1,133.300 1 000.000 1,358.210 300.000 TEXAS 27** 28** 15 16 18 19 i 210,000 Chittenden Co Trust i Austin Nat Bank... Capital Nat Bank— Capital stock Preferred stock 125.000 75.000 J 134,642 400,000 400.000 200.000 — 566,381 846.024 95,372 BeaumontAmerican Nat Bank First National Bank Seeur St Bk & Trust Dallas— First National Bank 25.000 Liberty State Bank: Common Capital notes 250,0(1)0 110 245 255 Preferred RepubllcNat Bank.. Nat 5.282,924 /100 Bank 100 i 407,500 116.982 2,498,869 100 150,000 1 180,000 100.000 614.951 199,158 2,749.838 f 100 uoo 108,337 224,312 2.232.298 1,346,499 100 Killington Nat Bank 150,000 100.000 279,259 135,234 2,922,535 1.077,302 100 N 0 Rutland Co Nat Bk: Common Preferred re cent 100,000 I 125,000 240.570 sa les 252.500 152.145 3,026,060 /100 1100 2,071.742 100 National Banks rec ent sa 50 51** 100,000 53,600 J 107,411 2,428,591 j 78.702 2,428,893 453,812 1,480,164 11,173,910 22,743,241 566,523 1,031,755 15,457,343 34,974,447 60 65 70 20 40 42 41,659,830 I I 20 20 42 & 100 44 Capital notes 39 El Paso— Nat Bank.. 300,000 State National Bank Fort Worth- 300.000 K1 Paso Continental Nat Bk. i 750.000 First National Bafik: "50** 12,351,757 Preferred J Fraternal Bk & Tr Co 20 46 9,532 81,808 390,249 100 First National Bank. 15,505,633 4,780,788 National i 628,027 3,061,524 100 "HI 353*4 100 240 250 100 118 120 100.000 300,000 152*4 1 5 J 6H 250,000 2.500,000 1.500,000 150.000 512,666 8*4 882,736 1,043,788 76,490 3,568,119 33,498,022 18,088,794 1,868,221 25 3434 103* 100 35*4 175,005 i 200,000 276.000 11*1 i 500.000 i 250.000 449,000 75,073 10 7** 219,066 83,234 206,861 5,878.418 1,187,683 2,831,552 50 N o 100 re cent 100 sa Ies 963,558 1,027.380 c 68,335 3,552,642 128,272 11,152,785 21,304,426 1,250.000 11,255,738 1,700,000 200.000 399,639 Southern Bk A Tr Co 200.000 198,318 Virginia Trust Co 946,845 il,000.000 Roanoke— Oolonlal-Amer Nat B 373,091 500.000 49,594,414 Citizens AmTr Trust Co.. Merch A Farmers Bk 10 10 Richmond— Bank of Oomm & Tr "105"" 130"" 600.000 Central National Bk. Consol Bk & Tr Co.. First A Mer Nat Bk Mech & Mer Bank.. 1,000,000 80.000 3.000,000 200,000 State-Planters 780,621 67,994,330 2,182,622 20 38 40 20 10 28 30*4 "48" "49" 20 100 Bank A Trust Co: Common N 100 9,435,445 10.731,827 100 5,733,680 100 13,321,429 20 0 cent 110 38 J 5 Portsmouth— 352,510 1 Preferred 251,218 I 120 10 American Nat Bank. sa Preferred Sav Bank ft Tr Oo ies 50 _____ Olty National Bank Common 106.691 513,451 95,939 60 2,545,355 2,697.871 Petersb 8av A 202,252 250.U00 131,800 i Citizens Nat Bank. Houston— Citizens State Bank 100 Petersburg— 33 100 477,755 820,661 500,001 4,323,960 3,775,218 Nat Bk of Commerce re Bank... 566,576 355,457 Southn Bk of Norfolk Hutchlngs-Sealy U S National Bank. share ^ 153 600,000 500,000 Seaboard Citz N Bk. Galveston— Olty National Bank Per 100 Merch A Planters Bk 100 32 Institutions Dec. 31 Norfolk— "47 10 1,235,356 448,541 363,313 c Union Bank & Tr Co 10 7,792,599 Com'l Tr & Savs Bk: Lynchburg Tr & 8 B. 52 Ft Worth Nat Bank: Common ..... "25" "36" 491,659 Trust Co Loan Bank 215 I 20 20 1,000.000 People's Nat Bank.. Depositors Industrial 100 125,000 69.000 Common les Lynchburg Nat Bank 35 38 100 |100 0 re cent &a No minal Lynohburg— National Bank. First 34 State VIRGINIA Dec. 31 Oak Cliff Bk & Tr Co Capital notes Texas Bank & Tr Co: N 40 ies 1.000.000 Common 100 3.386,227 o 72,739,122 6,297,506 23,094,210 20 ido" 100 elOO N 4,006.071 369,815 920,173 150.000 697,144 486.085 ...... il.085.961 Clement Nat Bank— share. 4.000,000 20 lioo 100 100 100 Montp'r 8 B A Tr Co i Rutland— 31.535,303 J Nat Bank of Coram Dallas 3,712,158 J100 1100 20 100 3,608,580 2.641,176 1,947,486 6,812,939 6,419,367 882,388 Common 100 100 100 100 100 State Institutions Dec. 31 77,281 405,688 Montpeller Nat Bank 1.200,000 11.088,055 800.000 Common 107 First National Bank: Dec. 31 10,387,411 13,316,030 2.336,993 j 170,784 82,700 Mercantile Nat Bk— 102 500,209 226,253 165.876 c 491.600 Montpeller— Capital S B A Tr Co (&) 105 State Institutions 6,182.518 113,170,506 64,419 1,722.283 8.000,000 Hillcrest State Bank. |100 182 Rutland Trust Oo... i 9,302,254 (100 1100 100 27,633.506 13,870,406 16,365,557 115 29,223.406 14,407,006 J 600.000 150,000 Burlington Trust Oo- Per 487,051 430,159 722.567 200.000 204.500 People's Nat Bank.. Quarry 8 Bk A Tr Co Burlington— 9ewardNatBkATrCo 10 Nomi nal. 300.000 576,750 2.977,755 180 190 125 VERMONT Merchants Nat Bank 20 AustinAmerican Nat Bank. 75 170 170 •Ncmi nal. Per share. Giranite S B A Tr Oo Preferred Nationi Ranks Dec. 31 60 160 100 100 100 Barre— Nashville Trust Co— Common 1.500,000 I Dec. 31 1100 300.0U( 1.000.00C 922,944 853,066 1.085,857 232,796 1,000,000 300,000 National Banks Nashville- Commerce-Union Bk 100 100 100 310 100 13,795,646 17,960,994 16,492,022 share. 100 Walker Bk A Tr Co: 305 100 7,047,483 19,378,487 338,027 900.000 750.000 750.000 Capital notes 9 119,034 1,327,686 240 Bank. American Nat Bank Common i i Common 145 135 230 Union Planters' Nat'l Bank A Trust Co State Savings 510.000 il .000.000 Salt Lake City— □ontl Nat BitATr Oo Hirst National Bank Memphis— First National BarikNat Bk of Commerce i - "130"" 135"" 100 1,352,537 2,982,537 6.25 26,223,305 100 100 12,019,207 925,000 1.000.000 Per Commercial Sec Bk. First Security Bk NA Utah State Nat Bank i Knoxville— Bank of Knoxville— Dec. 31 Ogden— Nomi nal. Per share. Chattanooga— Bkg Co.. Amer Tr & State Institutions UTAH First Nat Exch Bank 41 Mountain Trust Bk. 20 1.000.000 800.000 1.570,915 388,535 16 12'2 17*4 1100 3,655,739 4,143,106 5,568,071 5,973,844 25,795,068 5,270,359 '73** 25 15 25 50 673* 50 71 100 70 225 100 90 First Nat BankCommon 11.962,071 Preferred J 52,893,582 J100 160 1100 elOO Houston Nat Bk— o Common 1 Preferred National Banks J Second Nat'] Bank.. 382,157 14,017,519 /100 Union National Bank 30,524,735 45,110,642 9,584,526 31.789.623 100 100 2,062,500 230,555 992,863 519.591 State National Bank 105 46.935,386 100 103.628 100 100 100 South Texas Com merclal Nat Bank. Fidelity Trust Co... Guardian Trust Oo.. Houston Land & Tr. 7,784,659 5.719,242 100 100 1 111,846 6,492,608 flOO First National Bank 539,855 Merchants Nat'l Bk San Antonio- 314,557 5,649,123 3,894,436 1 Preferred 340 155 360 m 195 210 290 305 70 85 95 1100 100 625 100 1 1 Common 843,301 18,657,714 flOO J Preferred Bexar Co Nat BankPreferred Nat Bk of Commerce Pacific Nat Bank Peoples NB of Wash- l Institutions State Dec. 31 155 2,600.000 2.500,000 1,350,000 Seattle Tr A Savs Bk 5,923,887 147.396,620 a 20 3.733,174 73,889,140 f 25 100 1,515,046 22,891.386 20 26,156,935 872,871 109,761 155,709 539.301 200,000 400.000 550.000 34 r 29 2,079,650 20 24 7,615,347 50 60 2,685,868 40 45 1.281.537 36,996.615 200 e50 230 J 33 100 5,890,313 b Member of First, Security Corp. Sept. 28, 1938. Preferred stork retirement price. /Member of the Marine Bancorporation, {Affiliated and preferred stock Southern Nat. Bank of AtlaDta '4a. Common with the Citizens & outstanding. lioo 142,713 35 155 "65" t Stock of South Texas National Bank of San Antonio. Texas, all held by Central Securities Co. with exception of directors' qualifying shares. a Member of First National Corp. C 145 Nomi nal. Per share. 8,000,000 University Nat Bank e Alamo National Bk: Frost National Bank SeattleSeattle—First Nat Bk Sumitomo B of Seattle "155" Port Arthur- Common. WASHINGTON "260" 280~~ San Jacinto Nat Bk- Common Dec. 31 1125 1,638,477 4,188,078 433,602 1,400,000 Nat Bank of Comm. 90 I Last sale. 0 Controlled by the Joseph F. r Member Peoples Corp. Ex-dividend, u Eights. x Meyer interests, March, 1939] BANKS National Banks Dec. 31 AND TRUST COMPANIES National Banks Dec. 31 WASHINGTON "SST™ Surplus <S Deposits As* Bid Par Stale WISCONSIN Gross Profits Capital 109 Gross Surplus & Profits Capital Institutions Dec. 31 Par Deposits Nomi nal. Spokane— First Nat Bk in Spok Old N B&UnTCo. $ 600,000 a Per $ 96,381 6.288,547 100 share. 45 40 ~ Common 650.000 Preferred 450.000 200.000 721.349 1.25 11.00 \100 Washington Trust Co Tacoma— Nat Bank of Wash.. al.415.000 Pupet Sound Nat Bk a 760,000 National Banks 20,626,761 1100 634,137 7.935,744 21,390,206 5.897,410 100 25 140 Milwaukee (Concl. ) TeutoniaAveStateBk S 466,700 West Side Bank Wisconsin State Bk First Wise Trust Co. 400,000 300.000 150 16 18 i $ 66,887 887,986 2,100.532 4,801.923 4,487,893 4,501,913 328,227 647.512 1.000.000 5 Per 6 20 100 20 share. 7 150 33 200 36 100 National Banks Dec. 31 WYOMING Cheyenne— WEST VIRGINIA Dec. 31 Ask 100 942,614 242,200 Bid Nomi nal. Per American Nat Bank. Stock Growers N Bk. 250.000 300.00(1 306,570 288,911 share. 100 6,331,582 8.265.165 100 nal. Charleston— share. Charleston Nat Bk: Common Preferred 1,062,500 11,439,762 550,000 600,000 371,950 1.000,000 1,332,168 200.000 100,629 500.000 277,841 KanawhaBkg&Tr Co Kanawha Valley Bk. Nat Bank of Comm. Centra) Trust Co... 19,440,279 | 25 1 40 s Canadian Bank Statements 100 5,296,511 17.771,266 2,964.968 408,319 100 Returns 100 are all of Dec. 31,1938. Prices are percent, not per share. 100 Huntington— First Hunt g Nat Bk Twentieth St Bank— 1,000,000 al22.000 1,190,000 30,919 15,589,000 150,000 96,562 1,137,183 100 600,000 570,763 4,773.689 100 449,605 104.276 600.000 624.077 512,731 143,339 100 756,049 1,711.902 4,679,011 4,714,222 1,111,845 4,921.023 2,715,021 17.129.173 100 878,998 12JS Wheeling— Center Wheeling 8av Cltlsens Mutual Tr Co Half Dollar Trust A Say Bank Nat Bank ofWVa.. Nat Exchange Bank. 500.000 100.000 300.000 80 Side Bk A Tr Co. Security Trust Co.. 25 100 Capital Surplus & Profits Gross Par Deposits Bid Halifax- 100 $ $ % Bank of Nova Scotia 12,000,000 24,000,000 253,088,385 100 Per Ask cent. 100 300 100 100 244 172 175 100 204 206 100 207 Bank of Montreal 100 Banque Canadlenne. Barclays Bk (Canada) 100 210 164 308 Wheeling Dollar Says A Trust Co 1.800.000 National banks Stale Institutions WISCONSIN Dec. 31 Dec. 31 Toronto— Bank Nom inal La Crosse— Per Batavlan Nat Bank. Nat Bk of La Crosse. 400,000 232,186 45,317 324,962 State Bk or La Crosse 100.000 172.919 Exchange State Bank a 500.000 175,000 b 4,780,629 20 100 share. 20 1,241,976 6,047,520 elOO 100 2.861,331 25 N Per Toronto of 6.000,000 9.000,000 121,779,774 Can Bank of Comm. 30.000.000 20,000,000 Dominion Bank 7,000.000 7.UOU.OOO Imperial Bank of Can 7.000.000 550,293,314 122,420,615 8,'Wo,rw>0 129,928,472 cent. 248 0 re cent sa les Milwaukee— Amer State Bank— 200,000 City Bank A Tr Co.. First Wise Nat'l Bk-Tp a Common 131.346 350,000 153,085 2,496,044 3.323,221 20 21 23 100 35 45 7,600,000 15,166,864 210,834,542 J Preferred 7.500,000 Home Savings Bank. (2350,000 Kilbourn State Bk_. a 132,700 1 5 4H t — 181,560 2,322,660 20 33.823 1.732,918 62.525 1,186,346 35,685,182 46,665,454 2,141,489 2,322,743 20 18"" Lincoln State Bank: 100,000 15 Common Income debentures 300,000 2.200,000 Marine Nat Exch Bk a cent. 215 166 100 100 112 119 100 190 192 t Wisconsin Bankshares Corp. no par stock. Common and preferred stock debentures outstanding. b Sept. 28, 1938. c June 30, 1938. e Member of the Northwest Bancorporation. i Member First National Corp. a Marshall & llsley Bk a2.970,000 Mitchell St State Bk. a 696,000 Northern Bank..... a 150,000 Park Savings Bank.. a 539,500 6 State Bank of Milw. Per 36,000,000 39,000,000 720,695,719 7.000.000 5,000,000 129,354,846 1.500.000 750,000 17,413,071 Provincial Bk of Can 4,000,000 1,000,000 47,521,138 Royal Bk of Canada. 35,000,000 20,000,000 744.430.211 100 2,391,642 1,792,960 "IQ" 20 Montreal— 650,000 C 16,089 42,777 114.657 53,287 1,841,982 40 20 20 100 42 22 mm+m "166 "45"" "55"" 2,017,901 20 53* 63* s Trust funds. t All stock held by Old National Corp. Joint Stock Land Bank Bonds and Stocks Quotations Bonds Atlanta Bid. 2s Atlantic 3s Burlington 5s Chicago 454s ..... / f f ..... 5s Dallas 99 H 100 ... are for the last day of the month preceding the date of Issue. Ask. Stocks. 95 STOCKS 90 94 York 5s 100 99 101 100 4Hs 35 New 53* 53* 43* Ask. 91 Bonds* HH 00 00 32 4H Bid. 6s_. Lincoln North Carolina 3s Atlanta 45 Atlantic. Dallas •> — 40 Ohio-Pennsylvania 5s Oregon-Washington 6s 101 52 Denver 100 37 42 48 Des Moines 100 63 100 Pacific Coast of Portland 5s 100 101 First Carolinas 4 70 7 993* 1003* Pennsylvania 3 54s........ Phoenix 454s 100 101 Freemont 1 10534 10734 1073* Lincoln 109 New York 100 100 3* North 102 100 101 First Texas of Houston 5s Fletcher 354s............ 100 101 Potomac 10034 102 St Louis 58 — Iowa of Sioux City 43*8— Lafayette 5s.. Ex-liquidating dividend. / 5s 3s ....... 83 4>4s «• 125 102 100 5s Greensboro (N C) 3s Illinois Midwest 5s <•» 50 117 98 First of Fort Wayne 43*s. First of New Orleans 5s_. ♦ Ask 101 3s Denver 3s First Carolinas 5s Fremont 100 Bid. Par 86 87 Southwest */ 2234 San Antonio 3s_ 84 9934 973* 1003* 993* 94 97 99 101 / Flat price, x 100 5s . Southern Minnesota 5s Union of Detroit 454s..... 58— ..... Virginian 3s.. Ex-dividend. ... / 82 12 993* 24 Carolina——. Pennsylvania 100 4 10 65 14 Potomac 20 90 84 San Antonio 75 13 Virginia Virginia-Carolina 10134 1003* 100 101 100 101 234 2 —— ... 2 85 75 25 100 80 23* BANKS 110 COMPANIES TRUST AND Quotations are as near m possible for the closing day of the Ask. Bid. Bonas. 64 Pa) 1st extd 4-5s 1945 A&O Albany Metropolitan 5-0s 1949 Alden (Hotel) lst3-5s 1957—F&A 66 64 35*4 38 *4 24 26 Allerton N Y Corp Cum income 2-6s July 1 Allied Owners Corp income 4-5s 1st 1955-. / _ , 66 98 *4 67 H 60 61 53 55 35 40 97 M 1958——J&J J&J Debenture 2-4s 1963 Arcade Bldg & Rlty i 3-6s 1948 Seattle)— J&J / Arcady-Wilshire Co (Los Ang)— Non-cum inc 5s June 11949J&J f Arrowhead Lake 7s 1944-47. J&D / Assoc Chain Store 29*4 18 Income 3s 1957 51 47 Adj non-cum inc 6s 5s 1948 (w-s) Angeles) J&J f Baker Hotel (Dallas)— 1st s f 5s 1950 (with stk) 50 46 1st 5s (Brooklyn) 1947— 1st 5s(Long Isld) 1951 Beacon Hotel inc 2-4s Apr 1958— J Bellevue-Stratford (Phila)— . ----- Brown Hotel (Louisville)— 17 3*4 17*4 19 Sept f / 1941—J&D 1941-------M&S 30 Century Parkway 6s 1956 Chain Store Depot 6s 1940—M&S Chanin Building— 1st Leasehold inc 4s 1945.M&3 2d Leasehold inc 2s 1945-M&S / 3d Leasehold inc 1st 1945-M&S / Chesebrough Bldg 6s 1948--A&O Chicago Evening Amer 6s 1939— ChicHerald & Exam 6 Ha '50 M&S Cigar Stores Realty Holdings— 8 f dep 5*4s 1949 ser A J&J / Circle Theatre extd 6s 1946-M&S / Cleve Term Bldg 1st 6s 1941-J&J Stamped , Unstamped J Cleveland Theatre gen 5s 1944— - — 1st 6 Ha 1945 M&N 80 Broad St Inc 4s Nov 1 1956— / 80 John St extd 4s 1950 A&O f 6 22K 71*4 24X 73*4 35 Hotel Taft Corp 5s 1947 35 (Boston) 1st 6*48 1943—F&A f Jagels & Bellis Realty 6s '48-M&S Keith Memorial Bldg 6s 1943 - - - F&A 27 53*4 • - 29 91 — 80*4 Kramon Devel Co 1st fee & 30 f 33 *4 4*4 f 32 5*4 Lawrence Hotel W* 50 82*4 85" 80 84 46*4 5 6*4 52*4 97*4 75X 50 53 51 7*4 9 ly* 60 9 65 33*4 17 39*4 42*4 58*4 80 n — 41*4 45*4 100 Strauss-Manhat conv 6s '33.J&D 32 5s 26 28 6s'40 A&O 24 10 East 40th Street Bldg 5a 1953Non-cum Inc 6s 1958 M&S 80 84 95 90*4 100*( *102*4 69 3 70*4 17*4 54 Neisner 30*4 14 26*4 25 X 1*4 44 40*4 99 X s let mtge 2-5s 1955 —J Y Majestic Corp 4s (w-s) ] if if 45*4 26 6*4 73 101 103 71 4 72 / Flat price, n 51 f 41 50*4 33 52*4 35X f 33 37 f . 40 f f 56 X 42 X 58 X f Nominal. k Last sale. 46 44 X 38 J ctfs 38 M&N 1 1st 4-5s (w s) 1958 M&N Textile Crafts Bldg 6s w s 1944. _ 38 Trinity Bldg 5*4s 1939 J&D lldg 4s I941-M&S Trinity Court B1 Stamped Unstamped Park Ave Bldg 4s 1946 23 Lexington Ave 2s 1950 29th St Towers Bldg 3s 1942 2124-34 Bway Bldg 5*is —1943 2480 Bway Bldg 2d mtge 3s 1944. 50 Tyler Bldg 6s (w-s) July 1 1953— U S Realty & Impt 6s 1944 Van Swerlngen Co— 75 _ f F>U 48 18 81 62 53*4 29*4 28 14 37*4 37 , 1st 6s 1935 (Hotel)— 1954 M&S / Wall & Beaver St Corp— 1st 4*ls w-s Nov 1 1951..-J&J Warner Bros Hollywood Thea—■ 6 17 2X 62 94*4 54 18 Waldorf Astoria Non-cum Inc 6s )/ Oliver Cromwell 6s 1939 35*4 M&S —M&N 3s with stock 1950 49 5 1088 Park Av Corp 2 **-5s'53 F&A 1st & coll s f 6a 1938--.—A&O Van Swerlngen Corp 6s May 1 35 100*^ Varick St Sta P G (N Y) 6s 1941 Wabash-Monroe Bldg 6s 1953 J&J 27*4 Wadsworth Bldg(NY) 6s '53 A&O 8*4 Walbridge Bldg (Buffalo)— 19*4 New York Title & Mtge— 5Ha series B-I_ 5*4s series B-K 5*4s series C2 5*4s series CW-l— 5 Ha series FI 5*48 series Q 1900 Rittenhouse 8a (Phila)- 21 Textile Bldg 1st 6s 1958 Gen 7s s f w w 1948 5 100 i 52 1947 Taft Rlty (New Hav) Income 3s w-s 1951 4*4 N Y Postal Service Station— 29 30*4 50 88*4 6*4 1942 Properties, inc— f 5H* If 1st conv s f 6s 1948 Metropolitan Corp (Can) 6i Metropolitan Playhouses— .. 15 Income 5s W-S 1956 (Boston) M&S 82 Bros Realty, Inc— f deb 6s 1948 J&I N Y Athletic dup¬ — Certificates of deposit Stone & Webster Bldg 3*4 f >/ 26 8X 3% 15 43*4 . 40 88*4 27 Mercantile 11 J&D f Film Center Bldg 6s 1943—A&O 5th Ave & 28th St Bldg 6**s 1945. f 6th Ave & 29th St Bldg 6s 1948— 5th Ave & 55th St Bldg 6*4s 1945. 15 Park Row 4s w s 1952 f 50 B'way Bldg 3-6s 1946—M&S 51 East 42d St 3s w s f 51 Fifth Ave 4s 1943 —A&O f 52d & Madison Office Bldg— 1st Leasehold 3s Jan 1 1952 45 93 32 Mecca Temple 5s Conv 9X 97*4 4 f 35*4 44*4 Stanley-Mark Strand 6*4s 1941 Stanley Real Est 5*4* '45 J&D State-Randolph Bldg (Ohlcagro)5*4s 1942 M&N Steuben Bldg (Chic) 6s 1943 M&S Stevens Hotel (Chic) 6s 1945-J&J . 60 18 8 2 59 61 45 16 —- Sevilla-Bilt Hotel7*4s *37 ctfs— Shelburn.lnc(AtlOy)6HH 40 J&J Sherneth Corp 2s (w-s) Jan 1 '56. 14 34^4 IX 44 27 27 H 58 Speed Building (Louisville, Ky). Income 5-6s 1945 M&N 70 36*4 41*4 J&D com 96*4 24 24 14 stock J&D J&D With stock 40*4 98*4 43 35 Schulte Real Estate 6s 1935— Sixty-one Broadway Building 3 *4s 1950 with stock A&O / Income 3-3 Ha stpd 1955 93 Sec ■ 23 83 25 Marcy (The) 6s 194 Mark Hopkins Inc— 10 six 7 h 72 78 f 8 62 24 f 30" 72 60 Park Place Bldg 3Hs-5s—1947 57 s 27*4 23 52 32 50 46 5 21*4 57 Macrid Realty 3s Madison Inc (N Y C)— 50 67 38*4 23 X 43 H 47 29*4 - 47 73 6s debenture 1951 27 f 33 H Roxy Theatre 6*£s to 1940-A&O 1st 4s 1957 M&S RussBldg. (San Fran.)6s'51 F&A St Charle3 Hotel (Atl Cy) 4s 1945 St Louis Post Off 5*4s 1938.A&O San Fran Paramount Corp— 5s. 1943 J&J Savoy-Plaza Corp— 3s (w-s) 1956. Ann Oct / 45 70 F&A f f Lewis Morris Apts 1st 4s 1951 Lincoln 42d St Corp— Income 5 Ha w s 1963 F&A Lincoln Mtge Co (Newark)— Cum inc (w-s) 5s 1948—A&O Lincoln Mtge & TItl f Guar 5*4s ctfs of deposit— f Lincoln Mtge Co 5s (w-s) 1948— Loews Midland Theatre & Office Bldg 6s. 1941-M&N f Loew State Bldg (Los Ang) 6s *42 Loews Theatre Rlty 6s '47 11*816 Lombardy (The) 6s 1942 M&N f 40 Income deb 6s ser B 1959-M&S Rittenhouse Plaza 2*4s Jan 1 1958 Robert Treat Hotel (Newark)— 6s 1943 —J&J 58*4 49*4 19*4 38*4 f 75 19 11 46 Income 5*4s ser A 1961—M&N Quincy Station P O (Chicago 1st extended Inc 5s 1950--J&D / Realty Assoc Sec Corp— Income 5s Oct 1 1943 J&J Repub Bldg(Denv) 3-5a'49-M&S Retail Properties— Deb 5s series A 1959 M&S Schuyler-Hudson 4s 1947 59 37 *4 18 54 38 Orpheum Th & Rlty 2-6s '46 M&S 62 ce Hotel (San Fr) 5a *45- Fa A 69 Pantages (Alex) 6s to 1947-M&N Paramount Bway Corp.— 1st M s f 3s loan ctfs 1955 F&A 55*4 Park Cresent 1st 6s 1940—-M&S f 17*4 ,rk Lexington Co Inc— 36 1st mtge leasehold sf 3s '64_J&J Park Place Dodge Corp 6s vtc '62 5*4 98 Penn-Haris Hotel 6s 1943...A&O 36 Pennsylvania Bldg 6s 1939 M&N 39 lerrepont Hotel 3-4s 1951 13 ltts Hotels Corp 1st 5*4s '48M&J 20 Mtge cum Inc 5a May 1962 4 Conv cum inc deb 5s May 1967 X Voting tr ctfs for common 80 oil New Engl Theatres 5s_1958 Gen income 5s 1983 15*4 —M&N / 110*4 42 M&S Lenox Hotel inc 5s 1950 16 14 49*4 96*4 74M 14 73 15 Broadway Bldg 5*4 s '51 F&a General s f 7s 1941 F&A Paramount Corp 4s '57-M&S Without (Erie, Pa.)— 1948 Lefcourt Manhat Bldg— 1st 4-5s exten to 1948Lefcourt State Bldg— Extend 1st 4-6 Ha 19486s 55 16 f Units «• 82*4 53 14*1 - 53 71 102 52" - 63 *4 20 19 Insurance Exchange Building 12 43*4 - 35 51*4 68*4 33*4 9*4 34 Called Apr. 1 at 102**. - 34 Hotel Syracuse inc 3s 1955 Equitable Office Bldg 5s 1952 Deb 5s Legended 1952 Ferry Station P O (San Fran)— * - 29M 30*4 Hotel St George 4s 1950 31*4 75*4 52 f Hotel Sherman Inc 1st 5s 1957— 55 Eppiey Hotels 1st sf3-5s 1951 J&J Ext income 3s 1952 28*4 60*4 Hotel Lexington units 53 __ 37*4 51 1942 36 91 / 110 So Penn Ave (Atl City)— 6s 1944---—-------..J&D . 34 51*4 870 7th Ave 4Ms 6*4 25 Herald Square Bldg f 1st s f income 5s May 11948 Hotel Drake Corp inc 3-5s '53F&A f Hotel Governor Clin 6s '48-A&O f 35 11 Park Place Corp 4s 1948 11 West 42d St new 4s 7*4 34 _ Edgewater Beach Hotel (Chicago) Cum inc deb ext 5 Ha '41—M&S / 33 9 44 f 2K-5s 1957 (with stock) Graybar Bldg (East Offices Inc)— 74 ^ 1st m leaseh 5s 1948 -J&D 20 Greeley Sq Bldg 6s 1951 --Feb f 2HX HarrlmaD Bldg 6s 1951 M&N 102 Hartford Times deb 4*us '51 M&N Columbus-Venetian-Stevens Bldg (Chic) 1st leasehold inc 3-5s, 1955 M&S Congress Square Hotel (Port Me) 5 Ha 1946 M&N Court & Remsen Rt.s (Brooklyn) Bldg Corp 1st s f 3K-5s—1940 Davidson R'lty 6s w w 1940 A&O De Paul Hospital 1st & ref 3-3**-3*4-4s 1939-1947—Q-Feb Detroit Hotel 6hs to 1941-.M&S / Detroit Leland Hotel 6s Oct 1 '52 Dorset Hotel 1st partic 2s 1957— Eastern Ambassador Hotel units. Edgewater Beach Apts— Liq Tr inc 6s w-s '50 Ann Oct / 43*4 26*4 24 4 43*4 20*4 . 35*4 36*4 22 38 45 M&N _re 7 Hearst Brisbane Prop 6s Construction— lsts f4-4 Ha 1948(w-s)—A&O Colonial Apartments 6s 1937 - 5 22 50 56 / / - 90 20 . Cent Manhattan Props 5s'46M&8 Central Zone Bldg inc 6s, 1941 — • 40*4 31 *4 6*4 102 Bush Term Bldg 1st 6s 190O-A&C Butler Hall 4-5a 1947 J&J Colonade 4*4 44 101 Budd Realty 6s June 4*4 44*4 Grant Bldg (Pittsb)— , Bryant Pk Bldg (NY) 6J4s'45J&J 10 15 - , / / 1st sinking fund 5s 1949 2nd income 6s 1949 6s 65 51 April 1 '57-J&D Bway & 38th St 7s 1945 J&J Bway & 41st St Bldg 3-5s 1944--. Bklyn Fox Corp inc 3s Oct 1 1957 Non-cum 3-5s 3* 43 X Governor Clinton Co Inc (N Y O) 1st mtge 2-4s 1952 M&S Granada Apt Bldg 6s 1938--M&S f 53*4 62*4 15*4 ^ 5«s 1935———J&D / Benj Franklin 6s ctfs 1933------/ Berkeley-Carteret 5 Ha '46-M&N / Blng & Bing deb 6*4s 1950-M&8/ Income 7s 1950 w-s M&S J Book Tower (Det) 2-5s '52-(w-s) f Boston Parcel Post 3s Oct 1945.. / Boston Postal Serv 5*4s '38-J&J / B'way Barclay Office Bldg— 1st. 2d 1956 Bway Mot Bldg »N Y) 0s 48 F&A Bway-Spring Arcade Bldg— .1 4 6s 1944 J&J Garrett Buildings (Chicago)— 5 Ms to 1940 J&D f 86*4 99*4 -F&A Bait Parcel Post 5Ha 1949Bauman (Ludwig)— 7 f / 24 22 . 7*4 1957-M&S ) Assoc Realty Bldg iLos Income 54 1st 6s 1943 Jte Park Ave 2d s f 6s *51 .M&N 103 East 57th St Bldg 6s 1941 103rd & West End Ave— Income 5s June 1 1942 J&D _ Fox St Louis Theatre Bldg— 1st sf 6*^8 1942 A&O f Fuller Bldg (G A F Realty Corp) 1st 2*4-4s (w-s) 1949 .-— . 23 Olympic Inc (The) Seattle— _ 40 Exchange Place 5 Ha 1950-J&J f 40 Wall St Bldg 1st 6s 1958 Realty— 1st mtge coll 5 Ha 1957---J&J Cum income 6s 1957 A&O J 32*4 21 Fox New Academy of Music 1st leasehold 6*4sto 1941-M&S Fox Theatre & Office Bldg 31 32 29*4 42 Broadway Bldg 6s 1939—J&J f 48 St Real'n Corp l-4s Mar 1952 f 1400 B'way Bldg 4r6*4s stpd 1948 f 1410 B'way Bldg 3*9 1941-A&O Fox Det Theatre 6s 1942 ....A&O f Ambassador Hotel (Los Ang)— Non-cum inc. 4-5s 1950--A&O Amer Insur tin Bldg 6a '41-M&JN 29 X 500 Fifth Ave 6Ks 1949 J&D f J&D Stamped 4s 1949 1500 Walnut Corp (Phila)— f 1st 6s 1950 f 1528 Walnut Corp 6s (w-s) 1512 Spruce St (Phila)— 1st mtge 6s 1943 A&O f Bid. Bonds. Ask. Bid. Bonds. Abraham Lincoln Hotel (Reading, month preceding the date of issue. 1st 6*4s 1941 —-M&N Washington Properties Inc 7s 1962 We8tingbouse Bldg 4s 1948-A&0 Woodbridge Bldg 5*4« *41—A&O 7s 1940 A&O 29 17** 80 55 71*4 38 40 MONTHLY REVIEW March, 1939] (Concluded from page 18) The the month. On Feb. 21 90-day belgas were at a discount of 7 points under spot. The pressure against the unit became so great that on Feb. 24 the discount widened to 16 .points. On Future belgas ruled at a discount throughout belgas in New York fell to 16.83^c. Par 16.95. Belgian cable transfers sold on Feb. 1 at 16.89% @16.91, and on Feb. 28 at 16.82@16.82y2. German marks continued unchanged. The quotations for the so-called free or gold mark were relatively steady in the same day spot the of belga is terms of sterling and tirely to the currencies, due en¬ the Reichsbank. the neighboring exercised strict control 111 official rate Rio on Janeiro de ranged between 5.86 and 5.90. Exchange the on features new Eastern Far countries times all parity of tinued at the mark free ruled London price silver for 20 9/16d. on Feb. 28. on Feb. dollar 15/16d. 19 was 1, and 29.10@29 5/16 I I I.I II Feb. 28. on I rf* ^ i i t i i i i i i i i i i i i t I i • i « i i i i i i i i i i i i i < i i i i i i i i i i i i i i i i i i i i i i i i i i i i t i i I i i i i i i i i i i i i t I i i I I i i i i i i i i i i i i i i t f i i i i I I i 1 Italian lire 40.10^ @40.13, at held were steady and 28 Feb. on A A 4k A A 4* 4- * A A A. A A A os os os os os oo oo oo oo oc OS CS OS CS CS OS bsbsbsbs at at a a a A A A Ot £XX Ot -» »- y- y. MN Ot ^ CO u c at X «XX "X and 24 the guilder Feb. on a a a XX «XXX£ tf* 4* A A A 4* A OS OS 00 00 A A A X X,r A A _A A A A Ci Oc- Cb Ci ® \ £ 5? OS OS OS OS OS OS 00 00 00 00 00 00 XXXXX XX \M *© -q *-* X «X (A a a a « a a a a 4. 4. A A a a OS OS OS CO «o to OS OS 00 00 Oi Oi O) 05 C5 H O H X - X £ reached its lowest level in 28 AAA discount of 2 points for a ascribed chiefly easiness political in concerning the of funds from Amsterdam to heavy flow a and American securities continued in demand On Feb. 24 the demand for dollars dam. to was require the cooperation of the stabilization X. '£X££X XXXXXX XX££ 4k a 4. 4k 4k 4k 4k 4k 4k 4k 4^ OSOSOS3S OSOSOSOS 4k 4k 4k 4k 4k 4k 4k -.-,05 05 05 03 05 exodus of capital without ,>00 and O- M of the Bank's total gold fully one-quarter firm were The franc X Xrs* a a The Scandinavian were almost 20 times currencies throughout steady were Cable transfers on Feb. 1, and 24.14@24.16 Exchange on the South on Sweden on were 24.10% @24.11% W was inclined weakness to in terms of of those countries to which loans OS CS sales to States of During American the dollar. first «X the months of 1938 a total of 39,064 shipped to Argentina, as com¬ were in Buenos Aires that Argentine moment we do not have the exchange with which to pay for these purchases. faced with an unusual situation and or con¬ must take foreign We are cannot free market range was between 23.00 and 23.15. 4k at 4k 4k 4k C3 05 00 00 ® 4k at xxxxxx 7^ v>«vw\oo\ o ^ 4k4k4k4k4k osososos qj os^b b^l £ si 4k 4k 4. 4k X Ss a OS OS OS OS -4—4—1-4 <o -i \w\>-i I^ODS J^k ^ 05 05 05 05 05 05 00 00 00 00 00 00 DAILY RATES ^ o> f bg a © « « X£Xs OF FOREIGN EXCHANGE France Switzerland Portugal Franc Franc Escudo Checks Feb. 1. Feb. 2. Feb. 3. Cables 2.64Ma2.64^ 2.64Ka2.64>6 2MHa2.6i% 2.64^02.64^16 .64*1802.64% ,64%a2.64% 64%a2.64% ,64%a2.64»i8 Checks Cables Checks 22.57a22.58% 22.57%a22.59 4.25 o4.27 22.57%a.58% 22.58 022.59 4.25%o2.27 22.57 %o22.58 22.58a22.58% 4.25%o4.27 22.58a22.58% 22.58%a22.59 4.25%o4.27 4. Feb. 5. Feb. 6. 2.64Ka2.64^g ,64%a2.64% 22.59 O22.60 Feb. 7. 2.64% 02.64% Feb. 8. 2.647ieO .6411i6 22.61 .6413i8O2.65 ,64i1i6fl.64i3i8 22.64 a22.67 22.61 %a22.68 022.65 22.64%o22.66 Feb, 9. 2.64%a2.64% 2.64%a2.64% 2.6411isa.64isi6 Feb. 10. Feb.11. SUNDAY .64% a. 641*18 22.66 .6411180.641*16 22.66 .64%a2.64% 22.66 HOLIDAY Feb.13. 64%a .641*18 22.68%O.70% 22.69 022.71 4.25%o4.27% 022.72 22.70%a.72% 4.24%o4.26% 64%a .641*18 22.70 022.71 22.70%a.71% 4.24% ,64%a2.64% 22.70 c4.26% 641*180.641*18 22.69%a22.70 22.70o22.70% 4.24%o4.26% 22.69 O22.70 22.69%a.70% 4.26%o4.26% 64%a2.65 SUNDAY Feb. 19. Feb. 20. 2.64%a2.64% Feb. 21. 2.6411i80.6413ie Feb. 22. Feb.23. 22.59%a.60% 2.25%o4.27 4.24%o4.27%4.24%o4.27%022.68 22.66%a.68% 4.24% o4.27% o22.67 22.66%O.67% 4.24%o4.27% 0.66% 22.66%a22.67 4.24%o4.27% SUNDAY Feb.13. 2.64%o2.64% Feb. 24. 2.64% 02.65 Feb. 25. 2.64%o2.65 22.71 a22.72 22.71%a.72% 641*1802.65 4.24%o4.26% o22.75 22.72%a.75% 641*180.641*18 22.72 4.24%o4.26% HOLIDAY 64%a2.65 22,72%a22.74 22.73022.74% 4.25 04.27 65 022.73 22.72%a.73% 4.25%o4.27 O2.65% 22.72 65 022.74 22.73%a.74% 4.25%o4.27 a2.65% 22.73 SUNDAY Feb. 26. 2.64%a2.65 65 2.64%a2.65 65 02.65*18 22.74022.75% 22.74%a22.76 4.25%a4.27% 22.73% a.74% 22.74%a22.75 4.25%o4.27 a2. Germany Belgium Belga Reichsmark Checks Feb. 40.10 Feb. 40.11 Feb. 40.11 40.12 Cables Feb. Feb. Feb. Feb. Feb. 10. Feb. 11.. Checks 040.12 40.l0%a40.13 16.89 %o.90% O40.14 40.11 %o40.15 16.89 a.89% O40.14 40.11%o.l4% 16.87%al6.88 040.15 40.12%O.15% 16.88%o.89% 40.12 O40.15 40.12%O.15% O40.15 40.12%a.l5% 040.15 40.11%o.l4% 40.12 40.12 O40.14 40.12%a.l4% 40.11 %o40.14 40.12 0.14% 40.12 16.88%a.89% 16.89 0.89% 16.89%ol6.90 16.90 o.90% 16.89%o.90% 16.90 al6.91 16.87 016.88 16.87%a.88% 16.86 al6.87 16.86%o.87% 40.11%o.l3% 40.12 40.11%o.l3% 40.12 O40.14 16.86 Feb. 15- Feb. 16- 40.11 O40.14 16.86 Feb. 17- 040.14 40.11 %a.l4% 16.86 a40.15 16.85 40.l2%a.l4% 40.13 Feb. 18- 40.12 040.14 40.12%a.l4% 16.85 019.7& 019.75 019.75 19.63 19.63 019.75 19.63 019.75 19.63 019.75 019.75 019.75 19.63 0.89% 19.63 019.75 a.86% I6.86%a16.87 19.63 0.86% 16.86%016.87 19.63 0.86% 16.86%al6.87 19.63 0I6.86 16.85%a.86% 19.63 0.85% 16.85%al6.86 19.60 019.75019.75 019.75 019.75 019.75 SUNDAY Feb. 19- 40.11 %o40.14 40.12 40.11%o.l3% 40.12 0.14% 16.84 a.84% 16.84%fll6.85 19.63 O40.14 16.83 al6.84 16.83%o.84% 19.63 019.75 019.75 HOLIDAY 40.11 Feb. 24- 40.11 Feb. 25- 40.11 Feb. 26- 019.75 HOLIDAY Feb. 13- Feb. 23- Checks 16.89 %ol6.91 19.65 16.89%al6.90 19.64 16.88 0.88% 19.64 16.89 o.89% 19.55 O40.14 16.87%o.88% 16.88 SUNDAY Feb. 20- Pengo Cables 40.11 %0.13% 40.12 Feb. 12.. Feb. 14- Hungary SUNDAY Feb.22-. unofficial a to sXX 4k4k4k Feb. 21- these CS to —4 OS OS OS C5 C5 05 00 00 00 C0 special but S SCO no. OS OS OS OS OS OS -4-4-4—1-4-4 4k 4k be regarded as permanent. They have a purely commercial background." The official quotation for exchange on Buenos Aires ranged between 31.18 and 31.29 during February. The measures, 4k Feb. accustomed to United States "For added: OS d- 0000-1 Feb. automobiles, trac¬ tors, refrigerators and agricultural machinery. Sr. Cantilo are b ^ Argentina must Foreign Affairs, Sr. Jose M. Cantilo, took occasion to point sumers ^ CS Feb. 28- pared with 39,494 in the corresponding period of 1937. Toward the end of February the Argentine Minister of out to newspaper men 4k 4k 4k 4k 4k 4k 4k 4k the 11 O a a a a 4* 4* OS OS OS OS OS OS OS OS w Feb. 27- 64,000,000 pesos. automobiles XX£X a a 4k 4k 4k 4k 2.64"i60 .64% approximately $16,000,000 annually in order Argentina's annual debt payment to the United the os 4k 4k 2.64% a2.64% it by to cover a a 4A 4* OS OS OS -400 pointed out, purchases from Argentina must exceed was os 4k 4k 4k exports must also cover the amounts of such\ annual payments. For the United States, it a —J Feb. 18. the value of on CO M —J —1 Feb. 17. ports of each country should be restricted to Argentine exports to that country. case « XsXX-" 'OS OS- Feb. 16. that the im¬ the a A A Argen¬ of international payments made it imperative interest a gen¬ was February in half-page advertisements in the principal newspapers of Argentina the Finance Min¬ istry explained that Argentina's extremely adverse balance In 4k 4k 4. 4k OS OS OS OS OS OS as Os at 2.6411I80.6413I6 2.64»i#a .64% 2.64"i60 .64% Toward the middle of pay £ 4- 4k 4k 4. 4k 4k OS OS OS OS OS OS -4*4 -4-4-4-4 OS Feb. 15. countries erally held steady by the various exchange controls. tina XXX tfr- tfk' Feb. 14. Feb. 28. American . ^ 4^" ^ ^ •kl 1- O 4. 4k 4k 4k . Feb. February, moving in close sympathy with sterling. Guilder cable transfers sold on Feb. 1 at 53.80% @53.85%, and on Feb. 28 at 53.11@53.20%. Swiss cable transfers sold on Feb. 1 at 22.57% @22.59, and on Feb. 28 at 22.74% @ 22.75. OS OS OS 30 —J —1 -J-l Swiss slight influx in the years preceding 1930. average a a tlk rfk |fk OS OS were private banks designed to reduce foreign deposits and hoarding. In the middle of February, 1938, sight deposits the _ G> OS CD OJ CD at a rfk rfk and Switzerland 4k 4k 4k 4k bbbb?*bbbb |>^bbc ^4^-4 -4 -4 -4 00^11^-4000503 IB was the only European unit to command a premium on futures. Firmness was attributed to an of capital from the neighboring countries. The Swiss National Bank pointed out in its annual report that the influx of foreign capital had continued throughout 1938 despite the gentleman's agreement between the national in the National Bank of Bplll A A £ fund in holdings February. -I OS OS —S —J OS OS 00 00 during aaaaJaaaa a a a A A 4* 4. 4k rffibs'osbb) ,> -4 -1 -1 -1 M Oi Oi Gi t-T J? francs -4-4-4-40gOSOSOSOS os £2o a CJS.S. P 0 rfk rfk W Swiss —J «vi ■ gX-Xsf« ^xx, cs 00 OO OS OS -> —I York. New ' w xn *-"££ There London, position of the country was thoroughly stable, and funds were abundant. As during several months previous, large shipments of gold were made by the Bank of The Nether¬ lands for earmarking in New York. It was estimated that under earmark in o s e banking The concern. „ a a a a 4k 4k a 4k 4k 4k Os the s osbs^bsbsbs t>bs b 00 00 The Holland authorities regarded furnishing the supply. £XX XXgXs-5 Sa insistent so X 00 00 OS OS OS M OS CS -J 00 Cfi 00 00-1 -1 -4 Amster¬ in A A A A bsbsbsos O) OS to un¬ situation, to the flight of capital from Amsterdam. part was as European 4. 4. 4. 4. 4. 4* bs os bs bs bs os 00 00 00 00 00 00 s 30 days and 3 to 5 points for 90 days throughout the month. The weakness in the guilder is A A A A A os os bs bs bs 00 00 00X30 os ®> to 53.20 and closed at at A A os os os CO 00 00 A 44 declined 53.30, with a net loss on the day of 24 points. Guilder futures, which for more than two years have been quoted either flat or at a premium, were os os 00 00 The quotation in New York on that day months. 2, H «>r in February, s OS OS OS OS 00 00 00 00 00 00 00 00 00 " weak in January, were further depressed were a at a a a a 4*. A A 4. a a a a a A 4k. A A A A a A A 4* Holland guilders, which February. A A A A A a OS OS OS <© !D 00 s S by the strict control at Rome. Cable transfers on Rome sold on Feb. 1 at 5.26% @5.26%, and on Feb. 28 at 5.26% @5.26%. Exchange on the countries neutral during the war pre¬ years sented mixed trends in a a a a A 00 00 -00 00 00 00 ►? S" ►T* £ X5 at two during the past as i 4. 4. at Feb. 40.11% @40.14. The Shanghai on i I I till and the internal blocked marks con¬ heavy discounts. It became increasingly evident 40.33, on and to to tOtOtOtO to to to CO Ot CO to CO 00 -si Oi cn 4* coto^-o<ooo<ia>oi^wtOM during the month that Germany's economic and exchange situation is severely strained. The free or gold mark was quoted 1, Feb. 1, and 15.81@16% on Yen checks sold at 27.25@27.29 on Feb. 1, and at 16.16@16% was Feb. 28. dollar the below Feb. on The Hongkong dollar was 29.05@29% 27.31 @27.36 on Feb. 28. by well no importance in February. These curren¬ cies generally move in close relationship to sterling. The i At presented of O40.13 40.11%a40.14 16.82 al6.83 16.82%fl.83% 19.63 fl.12% 40.11 %o40.13 16.82 ol6.83 16.82%o.83% 19.63 0.13% 40.11 %fl40.14 16.81%al6.83 16.82 0.83% 19.63 019.75 019.75 019.75 SUNDAY Feb.27-. 40.11%o40.14 40.12a40.14% 16.81%a.82% 16.82 016.83 19.63 019.70 Feb.38-. 40.11a40.13% 40.11%a40.14 16.81 %al6.82 16.82016.82% 19.63 O19.70 MONTHLY REVIEW DAILY RATES OF FOREIGN EXCHANGE ( Colombia Netherlands Denmark Poland Canada Argentina Guilder Krone Zloty Dollar Peso Checks Checks Checks Cables Checks 1932a 8 18% discount 31.17a31.19 31.18a31,20 56.99 5Ka17»2% discount 31.17a31.19 31.18a31.20 56.99 31.17a31.20 31.18a31.2I 56.99 31.18a31.20 31.19a31.21 56.99 Cables Checks Feb. Feb. Feb. O20.89 20.88Ka.89K a53.85 53.80Ka.85K 20.88 1-. 53.80 2.. 53.81>4a53.85 53.82a53.85K 20.87Ka20.89 20.88a20.89K a20.89 20.88Ka.89K a53.84 53.80Ka53.85 20.88 3— 53.80 Feb. 5.. 18.91ol8.95 Feb. 18.90ol8.95 Feb. 2 Feb. 3_. l»S2 Feb. 4 19»2 .T Feb. 5 18.91ol8.95 Feb. 6 9i«a A % discount 31.20a31.23 31.21a31.24 56.99 18.90ol8.95 Feb. 7 31.24a31.25 56.99 1 Feb. 8- 1732« A % discount "32a A % discount 31.23a31.24 I8.90ol8.95 31.23a31.24 31.24a31.25 56.99 1 18.90al8.95 18.90al8.95 Feb. 9.. 31.24a31.25 56.99 18.90al8.95 Feb. 18.91ol8.95 a20.92 20.90Ka.92K a20.93 20.92Ka20.94 a20.93 20.91Ka.93K a20.93 20.91Ka.93K a20.92 20.91 Ka20.93 a20.92 20.91Ka20.93 Feb. 7.. 53.88 a54.02 53.94Ka54.03 20.90 a53.94 53.88Ka53.95 20.92 Feb. 8.. 53.89 a53,92 53.89Ka.92K 20.91 6— 53.94 9.. 53.88Mia53.91 53.89 Feb. 10- 53.79MSa53.83 53.80 Feb. 11 53.77MSa53.79 53.78 Feb. — a53.92 20.91 a53.84 20.91 O53.80 20.91 1 Peso 18.91ol8.95 a53.94 53.90Ka53.95 20.88a20.89K 20.88Ka20.90 SUNDAY 4.. 53.90 Feb. Feb. Cables Checks ' 9 i6% discount 9 i6% discount SUNDAY ' Feb. 2 Ka1532% discount 31.23a31.24 10 A a1532% discount 31.23 31.24 56.99 11 Aali 32% discount 31.22a31.23 31.23a31.24 56.99 4. - Feb.12— SUNDAY Feb. 12 SUNDAY Feb.13.. HOLIDAY Feb. 13 HOLIDAY a20.93 a20.93 a20.92 a20.92 a20.93 a53.68 53.58a53.68K 20.92 Feb.14.. 53.57 Feb. 15- 53.65Ha53.72 53.66a53.72K 20.91 a53.65 53.62Ka.65K 20.90 Feb. 16— 53.62 Feb. 19— Feb. 20-. 53.56Ha53.61 53.57 Feb.21.. 53.52Ha53.56 53.53 Feb.22 15 316 4a"32% discount 31.23 31.24 56.99 Feb. 16 1732a1532% discount 31.22a31.23 31.23a31.24 56.98 Feb. 23- 53.29 Feb.24.. 53.19 Feb. 25- 53.11 'ie% discount 18.88al8.95 Feb. 17.. Ka19 32% discount 31.22a31.24 31.23a31.25 56.99 20.92Ka.93K 18.90al8.95 Feb. 18 A a'532% discount 31.24a31.25 31.25a31.26 56.99 19 18.90al8.95 Feb. 20 Aalia% discount 31.23a31.25 31.24a31.26 56.99 18.89al8.95 Feb. 21-. A a15 -2 % discount 31.24a31.25 31.25a31.26 56.99 Feb. 22 18.89ol8.95 Feb. 23 56.99 18.89al8.95 Feb. 18.89al8.95 Feb. a20.93 20.92Ka20.94 a20.94 20.93Ka.94K a20.95 20.94Ka.95K SUNDAY a53.26 53.12 1532a SUNDAY HOLIDAY A a 7 i6% discount 31.23a31.26 31.24a31.27 24 Ha 9 i6% discount 31.24a31.26 31.25a31.27 56.99 25.. 5ie% discount 31.28 31.29 56.98 56.98 SUNDAY Feb. 26 C53.27 20.93Ka20.95 20.94a20.95K 18.89ol8.93 Feb. 27 Ha516% discount 31.27 31.28 a20.94 20.92Ka20.95 18.89al8.93 Feb. 28.. 7ieaK% discount 31.25 31.26 56.98 Ecuador Feb.26Feb.27.. 53.11 . 20.91Ka.92K HOLIDAY a53.35 53.29Ka53.36 20.92 a53.31 20.93 a53.30 53.20 a53.17 53.11Ka53.18 20.94 56.98 14. Feb. 18.90al8.95 a53.62 20.90Ka20.93 20.91a20.93K O20.93 a53.57 20.91 Ka.92K 20.92 — 31.24a31.26 Feb. 18.90al8.95 20.90Ko.92K Feb. a53.62 53.59Ka53.63 20.91 a53.64 53.61 Ka53.65 20.92 SUNDAY Feb. 17- 53.59 Feb. 18— 53.61 31.23a31.25 18.90al8.95 20.91 Ka.93K 20.92Ka.93K Feb. 28- 53.10 J^a53.20 53.11a53.20K 20.92 Sweden Norway Finland Brazil Chile Bolivia Krona Krone Markka MUreis Peso Boliviano Sucre Checks Checks 3.50 7.50 Cables Checks Checks Checks 1.. 24.10 23.50 Feb. 1 2— 24.10 23.50 Feb. 2 3- 24.10 23.50 Feb. 3 Feb. 4- Feb. 5 Feb. a24.11 24.lOKo.UK a24.11 24.lOKa.llK a24.12 24.10Ka.12K a.l2K 4- 24.lOKa24.12 24.11 Feb. 5— Feb. Feb. Feb. Cables Checks a23.51 23.50Ka.51K 2.05Ka2.06K a23.51 23.50Ka.51K 2.05Ka2.06K O2.07 a23.51 23.50Ka23.52 2.06 02.07 23.50Ka23.52 23.51 0.52K 2.06 SUNDAY a2.07 a23.55 22.53Ka.55K 2.06 a24.15 24.13Ka.15K 23.53 a23.57 2.05Ka2.07 a24.17 24.l5Ka24.18 23.54Ka23.56 23.55 a23.55 23.54Ka23.56 2.05Ka2.07 a24.16 24.14Ka.16K 23.54 O2.07 023.56 2.06 a,16K 23.54Ka.55K 23.55 Feb. 9- 24.14Ka24.16 24.15 a23.56 23.54Ka.56K 2.05Ka2.07 Feb. 16- 24.14 fl24.16 24.14Ka.16K 23.54 — — — Feb. Feb. 26 3.50 7.50 5.86a5.90 5.17a5.19 3.50 7.50 Feb. 11 5.85a5.89 5.86a5.90 5.17a5.19 3.50 7.50 5.85a5.89 5.86a5.90 — Feb. 13— Feb. 14.. SUNDAY HOLIDAY 3.50 7.50 3.63 7.50 5.17a5.19 3.63 7.50 2.06Ka2.07 Feb. 17- 5.85a5.89 5.86a5.90 5.17a5.19 3.63 7.50 023.56 2.06Ka2.07 Feb. 18- 5.85a5.89 5.86a5.90 5.17a5.19 3.63 7.50 Feb. 20- 5.85a5.89 5.86a5.90 Feb. 21- 5.85a5.89 5.86a5.90 SUNDAY Feb. 19- Feb. 22 a23.56 23.55Ka.56K 2.06Ka2.07 023.57 23.56Ka.57K 2.06Ka2.07 023.58 23.57Ka23.59 2.06Ka2.07 a24.16 24.15Ka.16K 23.56Ka23.59 23.57a23.59K 2.06Ka2.07 a24.16 23.55 a23.57 23.55Ka.57 K 2.06Ka2.07K Feb. 28— 24.13Ka24.15 24.14 Feb. 27— 24.15 5.17a5.19 3.63 7.50 5.17a5.19 3.63 7.50 HOLIDAY — 5.86a5.90 5.17a5.19 3.63 7.50 Feb. 24-. 5.85a5.89 5.86a5.90 5.17a5.19 3.63 7.50 Feb. 25— 5.85a5.89 5.86a5.90 5.17a5.l9 3.63 Feb. 23 — 5.85a5.89 7.50 SUNDAY Feb. 26— SUNDAY — 5.86a5.90 5.85a5.89 5.17a5.19 HOLIDAY a,15K 23.55 5.85a5.89 5.17a5.19 a23.55 23.54Ka.55K 2.06Ka2.07 a2.07 a23.55 23.54Ka.55K 2.06 a24.15 24.14Ka.15K 23.56 a24.17 23.57" 7.50 9- Feb. 10- 5,86a5.90 SUNDAY Feb. 25- 24.15Ka.16K 24.16 7.50 7.50 3.50 5.86a5.90 Feb. 18— 24.13 Feb.24.. 24.14 3.50 3.50 5.17a5.19 5.17a5.19 5.85a5.89 a24.14 24.13Ka.14K 23.54Ka23.55 23.55 Feb. 23- 24.13Ka24.15 24.14 5.17a5.19 5.17a5.19 5.85a5.89 Feb.17— 24.12 Feb.22.. SUNDAY — 2.06Ka2.07 a.l4K 23.54 a.l3K 24.13Ka24.14 23.54 7.50 Feb. 15— Feb. 16 Feb. 15- 24.13 24.13 7.50 5.17a5.19 2.06Ka2.07 2.06Ka2.07K — 3.50 Feb. 12- SUNDAY HOLIDAY a23.57 a.l6K 23.54Ka23.56 23.55 a23.56 23.54Ka.56K a,15K 24.13Ka24.l6 23.54 a23.54 23.53Ka.54K a24.13 24.12Ka.13K 23.53 a23.54 23.53Ka23.55 a24.14 24.l2Ka.14K 23.53 Feb.14- 24.14Ka24.16 24.15 Feb.21 5.17a5.19 5.86a5.90 — Feb.20— 24.12Ka24.14 24.13 5.87a5.90 5.86a5.90 8 Feb. 19— 7.50 5.86a5.89 5.86a5.90 Feb. Feb.16-. 24.12 3.50 5.85a5.89 7 24.14 o.l5K 23.53Ka23.55 23.54 3.50 5.17a5.19 5.85a5.89 6 Feb. 8 — 5.17a5.19 5.86a5.90 5.85a5.89 Feb. 7.. 24.15 Feb. 11- 24.13Ka24.15 24.14 5.89a5.90 5.86a5.90 5.85a5.89 — 6— 24.13 Feb.12— Feb. 13 5.88a5.89 5.85a5.89 — Feb. Feb. a.55K 2.05Ka2.07 Checks — Feb. — Cables' Feb. 27— 5.85a5.89 5.86a5.90 5.17a5.19 3.63 Feb. 28-. 5.85a5.89 5.86a5.90 5.17a5.19 3.63 » 7.50 7.50 Czecho¬ Uruguay Venezuela Peru Japan Hongkong Spain Italy slovakia Peso Bolivar Sol Yen Dollar Peseta Lira Koruna Checks Checks Checks Checks 20Aa20H 20Ha20H 20Ha20H 27.25a27.29 29.05a29K 27.26a27.29 29.08a29°K 27.26a27.29 1 61.55a61.60 31.50 05.26K 5.26Ka5.26K 3.42Ka3.43 05.26K 5.2QKa5.26K 3.42KO3.43 05.26K 5.26Ka5.26K 3.42KO3.43 Feb. 2.. 61.55a61.60 31.50 Feb. 3„ 61.55a61.60 31.50 Feb. 4— 61.55a6l.60 31.50 29.10a29K 29.07a29K a5.26K 5.26Ka5.26K 3.42 K 03.43 Feb. 5— 20 A SUNDAY 27.26a27.29 5.26 Feb. 31.50 20 A 20 A 27.28a27 32 i9.07a29A 27.31a27.34 29.12a299i6 27.29a27.33 29.13a29h# 27.31a27.34 29.10a29sJ# Checks Cables 5.26 1 Feb. 2_. 5.26 Feb. 3— Feb. 4_. Feb. 5— Feb. 6 — Checks — 6.. 61.60a61.65 05.26 A 5.26Ka5.26K 3.42Ka3.43 Feb. 7— 61.60a61.69 31.50 05.26 A 5.26Ka5.26K 3.42Ka3.43 05.26K 5.26Ka5.26K 3.42 K a3.43 Feb. 8— 61.60a61.66 31.50 Feb. 9— 61.60a61.69 31.50 20 A 20 a 05.26K 5.26Ka5.26K 3.42Ka3.43 05.26K 5.26Ka5.26K 3.42Ka3.43 05.26K 5."26Aa5.26A 3.A2Ka3.43 Feb. 10 61.60a61.66 31.50 20 A 27.30a27.35 29.10a299u 61.60a61.66 31.50 20 A SUNDAY 27.30a27.33 29.12a299u 29.08a29K SUNDAY Feb. 7— Feb. 8— 5.26 Feb. 9.. 5.26 5.26 Feb. 10-No No Rates Rates Available Available — Feb.12-. Feb.13.. Cables 5.26 — 5.26 Feb. 11 Checks Feb. 5.26 Checks Feb. 5.26 5.26 Feb.16-. 5.26 Feb. 17- 5.26 Feb. 18— o5.26K 5.26Ka5.26K 3.42Ka3.43 a5.26K 5.26Ka5.26K 3.42Ka3.43 05.26K 5.26Ka5.26K 3.42Ka3.43 5.26 Feb. 15- 5.26 61.60a61.69 31.50 20A 27.31a27.34 Feb. 15_. 6l.60a61.65 31.50 20 A 27.30a27.33 29.12a295i6 Feb. 16— 61.60a61.65 31.50 27.29a27.33 Feb. 17— 61.60a61.65 31.50 20 A 20 A 27.30a27.33 29.07a29K 29.08a29K 61.60a61.70 31.50 20 A SUNDAY 27.31a27.34 29.05a297ji 61.60a61.70 31.50 27.30a27.33 29.04a297s» 61.60a61.70 31.50 20 A 20 A Feb. IS— Feb. 19.. 5.26 , Feb. 21_. 05.26K 5.26Ka5.26K 3.42Ka3.43 Feb. 21 5,26 Feb. 20— a5.26 A 5.26Ka5.26K 3.42Ka3.43 Feb. 22— — Feb. 23— HOLIDAY Feb. 22— HOLIDAY — Feb. 20-. 05.26K 5.26Ka5.26K 3.42Ka3.43 a5.26 A 5.26Ka5.26K 3.42Ka3.43 SUNDAY Feb. 19-. — Feb.14— HOLIDAY Feb.14.. Feb.11 Feb.12-. Feb.13 SUNDAY — 61.60a61.70 31.50 61.60a61.72 31.50 5.26 05.26K 5.26Ka5.26K 3.42Ka3.43 05.26M 5.26Ka5.26K 3.42Ka3.43 Feb. 24.. Feb. 24- Feb. 25— 61.60a61.75 31.50 Feb. 25- 5.26 o5.26M 5.26Ka5.26K 3.42Ka3.43 Feb. 26— 5.26 Feb. 23.. Feb. 27- a5.26A 5.26Ka5.26K 3.42Ka3.43 05.26K 5.26Ka5.26K 3.42Ka3.43 5.26 Feb. 28-- 5.26 29.04a297.u 20 A 20 A 27.31a27.35 29.00a293i6 27.32a27.36 29.00a293i6 20A 27.34a27.37 29.09a296n SUNDAY Feb. 27— SUNDAY Feb.26.. 27.30a27.33 HOLIDAY 61.60a61.74 31 50 20 A 27.33a27.37 29.10a295i6 Feb.28.. 61.60a61.70 31.50 20 A 27.31a27.36 29.10a299i« Philippine Rumania Straits Bulgaria Yugoslavia Greece Shanghai Islands Settlements India Java Lev Dinar Drachma Yuan Dollar Peso Dollar Rupee Guilder Checks Leu Checks Feb. 1- .73 a. 75 Checks Checks Checks Checks 2.28KO2.30 ,85Ka.86 1 54.30o54.40 34.95o34.97 Feb. 2__ 16.16ol6K 16.14al6K 49 *16049.85 49 8i6a49.85 54.30a54.40 34.95a34.97 53.99 1.21al.25 2.28Ka2.30 2.28Ka2.30 .85Ka.86K .85Ka.86K Feb. .85Ka.86 .85Ka.86 .85Ka.86K Feb. 3 16.03al6K 49 3i6a49.85 54.30a54.45 34.95a34.98 54.00 2.29 a2.30 .85Ka.86 .85Ka.86K Feb. 4— 16.03al6K 49 3i6a49.85 54.31a54.45 34.96a34.98 54.09 Feb. 5— .85Ma.86K .85Ka.86K .85Ka.86K .85K0.86K .85Ka.86K .85Ka.86K Feb. 6— 16.00ol6.20 49 *16049.85 54.41 a54.50 34.99a35.03 54.12 Feb. 7„ 15.88al63i6 49 *iea49.85 54.44a54.55 35.02a35.04 54.09 Feb. 8— 15.93al6K 49 *iea49.85 54.40a54.52 35.00a35.04 54.04 Feb. 9-- 15.89al6K 49 *16049.85 54.44a54.55 35.02a35.05 54.04 Feb. 10_. 15.85al63i6 49 *16049.85 54.43o54.55 35.01a35.03 53.95 Feb. 11-. 15.88al68i6 49 *i6a49.85 54.43a54.55 35.01o35.03 53.95 Checks 1.21al.25 1.21al.25 Checks Cables Checks Feb. 2- Feb. .3-. .72Ka.75 .72Ka.75 Feb. 4.. .72Ka.75 1.21al.25 Feb. 5.. Feb. 6-- .72Ka.75 1.21al.25 2.28Ka2.30 .85Ka.86 1.21al.25 2.27 Ka2.30 .85Ka.86 1.21al.25 1.21al.25 2.28 a2.30 .85Ka.86 2.28 a2.20 .85Ka.86 .85Ka.85K .85Ka.85K SUNDAY Feb. 7— Feb. 8— .72Ka.75 .72Ma.75 Feb. 9— .73 a.75 Feb. 10— Feb.11-. .73 a.75 1.21al.25 2.28 02.30 .72Ma.75 1.23al.25 2.28 a2.30 Feb. 12— — HOLIDAY Feb. 13 54.00 sunday Feb. 12-. SUNDAY Feb.13.. Feb. 14- — sunday holiday — 35.02a35.03 53.78 .72Ka.75 1.21al.25 a2.30 .85Ka.86 .85Ka.86K Feb. 14_. 15.83al6K 49 *i6a49.85 .72Ka.75 .72Ka.75 1.21al.25 2.28 a2.30 .85Ka.86 .85Ka.86K Feb. 15- 15.82al6K 49 *16049.85 54.41a54.50 35.01a35.04 53.80 1.21al.25 2.28 1 a2.30 .85Ka.86 Feb. 16.. 54.44a54.50 35.00a35.02 53.80 1.22al.25 2.28 O2.30 .85Ka.86 49 *16049.85 54.44a54.52 35.01a35.03 53.76 1.22al.25 2.29Ka2.30 .85Ka.86 15.79al6K 15.82al6K 15.82al6K 49 *16049.85 .72Ka.75 .72Ka.75 .85Ka.86K .85Ka.86K .85%a.86K 49 *16049.85 54.44a54.55 35.02a35.04 53.79 Feb. 20- .72Ka.75 1.21al.25 2.28 O2.30 .85Ka.86 Feb. 20-. 15.82al6K 49 *16049.85 54.44a54;55 35.01a35.03 53.73 Feb. 21.. .72Ka.75 1.21al.25 2.28 02.30 .85Ka.86 Feb. 21._ 15.82al6K 49 *i6a49.85 54.44a54.55 35.02a35.04 53.69 Feb. 15- Feb. 16— Feb. 17Feb. 18— SUNDAY Feb. 19.. Feb. 24- Feb. 25— — Feb. 28.. Feb. 18.. Feb. 22 49 *16049.85 54.44a54.55 35.05o35.09 53.45 49 *i6a49.85 54.45a54.58 35.07a35.11 53.35 49 *16049.85 54.50a54.60 35.08a35.12 53.27 Feb. 27-. 15.82al6K 49 *16049.85 54.50a54.60 35.08a35.10 53.37 Feb. 28.. 15.81al6K 49 *16049.85 54.44a 54.55 35.06a35.07 53.28 2.28 02.30 Feb. 23,. 2.28 02.30 .85Ka.86 .85Ma.86 .85Ka.86K 1.21al.25 .86 a.86M Feb. 24. 1.21al.25 2.28 a2.31 .85Ma.86K .86 0.86K Feb. 25__ .72Ka.75 1.21al.25 2.28 02.31 .85%a.86K .86 a.86K al.25 2.28 02.31 .85^0.86 .72Ka.75 1.21 holiday 15.82al6K 15.82al6K 15.82al6K 1.21al.25 SUNDAY _ sunday Feb. 26.86 a.86K 54.44a54.53 sunday — .72Ka.75 .72Ha.75 .72 K a.75 Feb. 26-. Feb. 27 Feb. 17Feb. 19_. .85Ka.-86K .85Ka.86K HOLIDAY Feb. 22— Feb. 23.. 2.28