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Bank Q uotation and SECTIO N OF THE C ommercial & F inancial ^ hronicle . Copyrighted in 1925, according to A ct of Congress, by WILLIAM B. DA N A COMPANY, in office of Librarian o f Congress, Washington, D. 0. VOL. 121. NEW YORK AUGUST 8 1925. B ank and Q uotation S ection T he B a n k a n d Q u o t a t io n Section, issued m onthly, is furnished without extra charge to every annual subscriber o f the C h r o n ic le . T he R a ilw a y E a rn in g s Section, issued m onthly, containing the sworn returns o f earnings and expenses filed each m onth with the Inter-State C om m erce Com m ission, is likewise furnished without extra charge to every annual C h r o n ic le subscriber. T he B a n k ers C o n v e n tio n Section, issued yearly, giving the detailed proceedings o f the annual convention o f the Am erican Bankers A ssociation, is also furnished without extra charge to C h r o n ic le subscribers. T he P u b lic U tility C o m p e n d iu m , issued twice a year, in A pril and O ctober, is also furnished without extra charge to every annual subscriber to the C h r o n ic le . T he R a ilw a y a n d In d u s tr ia l C o m p e n d iu m , issued twice a year on the last Saturday in M a y and N ovem ber, is also furnished without extra charge to every annual C h r o n ic le subscriber. The S ta te a n d M u n icip a l C o m p e n d iu m , issued semi-annually on the last Saturday o f June and D ecem ber, is likewise furnished without extra charge to every annual subscriber to the C om m ercia l & F in a n cia l C h r o n ic le . Term s for the C h r o n ic le , including the six supplem ents above nam ed_ are $10 per annum within Continental United States, except Alaska, $11.50 in C anada and $13.50 in other foreign countries and United States P os sessions and Territories. Pile covers for the C h r o n ic le are sold at $1.00 each (postage 15 cents a d d itional). Pile covers for Supplements can be had at same price. C H IC A G O O P P IC E .— 208 South La Salle Street. L O N D O N O F F IC E .— Edwards & Smith, 1 Drapers’ Gardens, E . C . W IL L IA M B. DA N A C O M P A N Y , P u b lish e rs, F ront, Pine and Depeyster Streets, N ew Y o rk . R E V IE W OF JULY— C O M M E R C IA L AND FINANCIAL EVENTS. Labor and wage questions were perhaps the features of most importance during July, and the statement applies to Europe as well as the United States. In this country the principal events of this kind were the controversy regarding a new agreement in the anthracite mining regions, to take the place of the agreement which expires Aug. 31, and this embodied a demand for a further advance in wages. The discussions in this instance were not entirely amicable and led to talk, not only of a strike in the anthracite regions, but also a possible sympathetic strike in the different bitumin ous fields. Another event in this country o f no small mo ment in its general bearing was announcement of a 10% re duction in wages at all the different mills of the American Woolen Co. In Europe unusually grave problems were in volved in the action of the coal miners, which necessitated intervention of the British Government to prevent what looked like the possibility of virtual industrial paralysis, since there appeared danger that the transport workers and other bodies would co-operate with the miners. The ultimate outcome was resort by the Government to measures of a most extraordinary character to avert anything quite so serious and so full of menace to the daily life of the coun try. In addition, there was an actual quitting of work by a large army of employees in another British industry— the textile trades. The daily papers here on the morning of Friday, July 24, carried cable dispatches saying that the previous evening 130,000 operatives in the wool industry at Bradford, Huddersfield, Leeds and other Yorkshire towns had voted to walk out in protest against wage reductions and the strike continued the rest of the month. The cablegram said that a representative of the Ministry of Labor had tried all day to effect a compromise without success. With regard to the trouble at the British coal mines a general strike of all the coal miners in Great Britain, to the aggregate o f 1,100,000 workers, loomed up on July 23, when the Executive Committee of the Miners’ Federation decided to instruct the workers to suspend work on July 31. Associated Press dispatches stated that this action on the NO. 3137. part of the Miners’ Federation was considered a counter to the owners’ persistent refusal to withdraw their notices of the termination of the existing agreement governing work in coal mines, which was to expire July 31, as the necessary preliminary to a conference to discuss a new agreement, The mine owners had proposed a new agreement embodying reduced wages and extension of the 7-hour day to 8 hours, but the miners refused to consider it and insisted that they would not enter into negotiations unless that proposal was withdrawn. The decision to call a strike followed more than a week of unsuccessful attempts to bring the miners and the mine owners together. It was explained that the coal mining industry was suffering intense depression and that British coal found it impossible to compete with coal from other parts of Europe because of the high labor cost. The proposed reductions in wages varied at different mines, but in general they amounted to approximately 20%, though in certain cases less if the miners were willing to accept a return to an 8-hour day. Wiht the failure of previous efforts to effect a settlement o f the differences the British Government decided on July 13 to appoint a court of inquiry. But this was voted down by the miners. On July 15 the Mine Workers’ Federation unanimously adopted a resolution refusing to accept the Government’s court of inquiry into the mining dispute and refusing the mine owners’ proposal for negotiations until the latter should withdraw their notice terminating the existing working agreement. In officially announcing its decision the Miners’ Federation said it would inform the Government it could not accept another court of inquiry “ having for its object the ascertainment of whether miners’ wages shall be reduced or their hours extended.” The announcement stated that the Federation would meet the owners in open confer ence as soon as the owners withdrew their proposals for lower wages or longer hours. Further uneasiness regarding the possible consequences that might grow out of the dispute was occasioned by state ments in cablegrams saying that in connection with the threatened coal strike England was deeply interested in the constitution of a new industrial alliance embracing 3,000,000 British workers in the mining, railroad, transport, engi neering and shipbuilding industries. The objects were ex plained as follow s: “ To create by means of an alliance among the specified organizations the means of mutual sup port, to assist any of the allied organizations in defending hours of labor, wage standards, in securing advancement of the standards of living, or to take action to secure acceptance of and defend any principle of an industrial character which may be deemed vital by the allied organizations.” Specula tion was naturally rife as to whether this meant that the members of the industrial alliance affiliated with the miners would support the latter if they should carry out their strike threat. But the British Government would not relax its efforts to effect some kind of settlement which would stave off, at least for the time being, such a serious thing as a walk-out of the huge army of miners. And in this it was eventually successful, but only by resort to extraordinary measures, as already stated, to placate the mine owners. On the very last day of the month official notice came that the dreaded coal strike would not start at midnight, that it had been post poned and possibly been averted. The desideratum was accomplished by the promise of financial assistance to the mine owners in order to cover their losses until next spring. In other words, the Government had recourse to a subven tion for the benefit o f the mine owners. As indicating pre- 6 MONTHLY EEYIEW cisely what had been done, an official statement was issued on the night of July 31 saying: “Assistance to be given by the Government to the coal mining industry will take the form of a subvention in aid of wages during nine months, from Aug. 1 1925 to May 1 1926. During this time wages will be paid on the basis of the 1925 agreement, but in any months in which wages, calculated in accordance with the recognized ratio of divisions between wages and profits, would be lower in any district than wages payable at the minimum percentage under that agreement, the deficiency will be made up by the Exchequer. This follows the same lines as the wages subvention of 1921, but on this occasion it is stipulated that in any month in which the estimated aver age profit of a district in which the subvention is payable would exceed 1 shilling 3 pence a ton the excess will be used in reduction of the amount of the subvention. It is impos sible at present to forecast correctly the cost involved to the Exchequer, as this must depend upon the course of trade.” In the British House of Commons, Prime Minister Baldwin made the following statement, “ reading from a sheet of note paper amid dead silence,” the cable dispatches said : “ A pro visional agreement has been reached with the mine owners subject to district confirmation. All notices are suspended for a fortnight. The miners’ executives are sending out the following telegrams: ‘Notices suspended, continue work.’ I f there is any local hitch owing to the lateness of the hour at which the settlement has been arrived at, I trust all par ties will co-operate to remove it.” Mr. Baldwin made no statement as to the probable outlay involved in the subven tion, but on Aug. 6 an appropriation of £10,000,000 for the purpose was granted in the House of Commons by 351 to 16 votes. Other foreign developments were mainly of a political kind, but some of them were also highly important. The first and foremost was unquestionably the definite for warding of th German reply to the French note on behalf of the Allies relative to Germany’s security agreement for the protection of the frontier between France and Germany. The reply was handed to M. Briand at Paris on July 20 by the German Ambassador, Herr von Hoesch, and its text was made public simultaneously on July 22 in Paris, London and Berlin. The principles of the German Government’s reply had received the approval of the Reichstag Foreign Affairs Committee, by a large majority on July 17 and on July 23 the Reichstag, by a vote of 235 to 158 registered ap proval of the Luther Government’ s foreign ijolicies, espe cially with reference to its attitude on a security pact. The German reply undertook to answer the French contentions that the proposed pact must not involve any modification of the peace treaties, and dealt with the queries embodied in the French note regarding the arbitration treaty which it is proposed by Germany to include in the security pact and German’s entrance into the League of Nations. The German Government in its answer, while stating that the conclusion of a security pact “ does not represent modi fication o f existing treaties,” added that it considered as “ self-evident that it is not meant to exclude for all future time the possibility of adapting existing treaties at the proper time to changed circumstances by way of peaceful agreement.” As to the construction of treaties of arbitra tion, the German Government, said the note, “ contemplates treaties of arbitration such as have been concluded during the last few years by Germany, as well as by a number of other Powers.” The German Government took the view that serious consequences “ might result from the form, as proposed by the French note, of a guarantee for the treaties of arbitration.” It not only contended that “ it is quite clear that the system of guarantees would,” in the event that a conflict should arise, “ be invalidated to the sole detriment of Germany,” but that “real pacification, as aimed at by the German Government, in concert with the Allied Govern ments, would not be reached.” The note also set out that “ according to the opinion of the German Government, the entrance of Germany into the League of Nations would not be a necessary condition for the realization of the funda mental ideas o f the German memorandum.” It noted that the Allied Governments were of the opinion that the secu rity pact “ is only conceivable if Germany enters the League of Nations,” and it stated that “ if the immediate entrance of Germany into the League of Nations is to be rendered possible, a solution has to be found to tide over the time till general disarmament has become a reality.” Germany as a member of the League, the note argued, could only be con sidered as enjoying equal rights “ when her disarmament is followed by the general disarmament provided by the Cove nant of the League of Nations and the preamble to Part V of the Treaty of Versailles.” The German note observed that “ the interested Governments are in principle unanimous in their earnest desire to settle the security problem by a guarantee pact as suggested by Germany,” and it expressed itself as “justified in hoping that further discussions will lead to a positive result.” Foreign loans in quite considerable profusion were brought out in the United States. Among the most important of these was unquestionably the offering of $75,000,000 Com monwealth of Australia external loan by a syndicate headed by J. P. Morgan & Co. This met with an immediate over [V ol. 121. subscription, resulting in the closing of the books an hour after their opening at 10 a. m. The offering had especial importance both by reason of its size and for the further reason that this financing was the first to be made in the United States in behalf of the Australian Government, which previously had done all its borrowing in the London market. Additional details regarding this loan and also enumeration of the other foreign Government loans placed in the United States during July will be found in another paragraph appearing further below. An incident showing that American bankers will veto foreign loans where it is not in contemplation to use the proceeds for proper pur poses deserves to be noted here. According to the New York “ Times” of July 30 plans for a loan of $30,000,000 to $40,000,000 to the State of Sao Paulo were halted by the unwillingness of American bankers to advance money to be used in maintaining the prices of commodities in foreign countries. The Sao Paulo loan was desired for coffee val orization and in the view of bankers and United States Gov ernment officials would have affected the prices paid for coffee by American consumers. The policy of the bankers, it was stated, applied also to rubber, the price of which has risen so sharply because of restriction of exports of crude rubber from British possessions. Brazil, it was pointed out, did some financing of the same nature in May 1922, when the Government floated a £9,060,000 coffee security loan in London, part of which was sold in New York. Under the terms of the loan the Brazilian Government placed 4,535,000 bags of coffee in warehouses. The proceeds of the sales, as made from time to time, had to be paid over to the bankers and constituted a fund to redeem the bonds. Under pressure from the Brazilian coffee growlers, so the report ran, the Brazilian Government began consideration of new relief measures in 1925. A Government loan was discussed, but conditions were not favorable for its flotation. “The Gov ernment then passed the situation along to the State of Sao Paulo, which produces most of the Brazilian coffee. The State has had representatives in New York discussing a loan, but without success, although the State has borrowed here for other purposes and has a good credit rating.” Developments regarding crude rubber were very impor tant during the month. The price continued to soar both in this market and in London. In London a gigantic specula tion in rubber stocks was one of the attendant features. The trading in rubber shares in that market became so active and excited that settling rooms of the Stock Exchange had to be kept open until an unusually late hour. Some London Stock Exchange houses had to treble their staffs and work night and day at high pay. In the New York market the price of crude rubber at one time touched $1 21 per lb. The United States being such an enormous consumer of rubber, the Brtiish Government was besieged by American inter ests to modify its policy of restricting exports from the British possessions. This it was not inclined to do. The only action was that on July 31 it was officially announced that the percentage standard of production of rubber ex portable at the minimum export duty from Ceylon, the Straits Settlements and the Malay States for the quarter beginning Aug. 1 had been fixed at 75, an increase of 10% over the percentage permissible during the previous quar ter. The Washington authorities were careful to point out that this was not considered as a step to meet representa tions of the American rubber industry, but as an applica tion of existing regulations on the subject which provide for an increase in the percentage as prices rise. The American trade, it was stated, had hoped for more sweeping action. One of the incidents growing out of the huge advance in rub ber was the rushing of supplies to this market with unusual haste. Three British freighters, laden with rubber from Singapore and Penang, were due here at the very close of the month. The fleet was said to have on board 6,500 tons of crude rubber, valued at $14,000,000. Two of these, the “ Menelaus” and the “ Siberian Prince,” docked in Brooklyn Friday morning, July 31, and were able to discharge their valuable cargoes in time. The masters of both vessels had feared that they might arrive too late for July delivery and the consignors consequently lose big sums of money in volved in contracts. The third ship, the “ Kansas,” was unable to get here until several days after the close of the month. Under the pressure o f increasing supplies rubber prices showed considerable decline from the peak figures of the month, though the action of the British Government in allowing an increase of only 10% in the export allowance stiffened prices again. On July 31 first latex crepe for spot delivery, which on July 22 and July 23 had sold as high as $1 20@$1 21, was quoted at 95c., against 80@81c. June 30, 68@69c. May 29 and 45%@46%c. April 30, while smoked ribbed sheets for spot delivery were quoted at 95@96c., July 31, against 82@83c. June 30, 69@70c. May 29 and 45% @45% April 30. Future options were at a considerable discount from spot quotations. First latex crepe, for in stance, for September delivery was quoted at 85@86c., October-December, 80@81c., and January-Marcli 75@76c. After the advance in tire prices announced for the 1st of July further advances came shortly after the middle of the month. The B. F. Goodrich Co. on July 17 announced its fourth increase since April, this time 10 to 15% on all pneu matic tires, 10% on solid and cushion tires and 15% on tubes. The other tire companies followed with similar ad vances of 10 to 15% and the U. S. Rubber Co. notified the A ug., 1925.] MONTHLY REVIEW trade that all prices were withdrawn, pending upward re vision. The Goodyear Tire & Rubber Co. announced wage reductions of from 5 to 10% in view of the soaring prices of the crude material and one or two other concerns took like steps. The cut in wages by the American Woolen Co. came rather unexpectedly, but, of course, merely reflected the long continued depression in the woolen trade and the tex tile trades generally. Both at New Bedford and at Fail River cotton manufacturers had put in effect 10% wage re ductions the previous January. In the woolen goods in dustry the cut was thus delayed six months beyond that in the cotton goods trade. The news came July 17 that notices would be posted in all of the mills of the American Woolen Co. of a wage reduction of 10%, to be effective Monday, July 27. The new wage schedule, it was stated, would apply to all mills, regardless of the State in which they are domi ciled, and would affect 30,000 operatives. It was pointed out that this was the first reduction in wages made by the American Woolen Co. since December 1920, when in the midst of the deflation then in progress a 22%% cut was put in force, of which 12%% was restored on April 30 1923, when a wage advance of 12%% was made. The present cut, it was stated, made the wage level almost identically the same as that which prevailed after December 1920. Taking the 1915 wage level as a base, the new wage scale is re ported to be approximately 225% higher. The action of the American Woolen Co. in making a 10% reduction led to similar reductions elsewhere throughout New England and also to a reduction in the case of the few cotton mills that had not lowered their scale the previous January. In a few instances there was an increase in the length of the working day rather than a decrease in weekly wages. Wool auctions were resumed during the month both in London and in Aus tralia, but did not entirely meet expectations. In London. July 7, the 4th series of wool auctions of 1925 began with a good attendance, and offerings of 10,740 bales were all sold, with fine merinos unchanged to 5% above the closing rates of the last previous auction. Cross-breds and the lower grades declined. The situation remained the same on succeeding days, with the finer grades of wool in good demand and the poorer grades dull and lower. By July 15, however, the demand had been fully satisfied and only 50% of the me rinos and cross-breds offered on that day were disposed of. On July 16 the demand seemed better again, with prices steady. However, the woolen goods industry was evidently in very poor shape, in Great Britain as in the United States, and a London cablegram on July 14 stated that employers in the woolen goods trade were insisting on wage reductions o f 5% and intimated that unless 80% of the operatives remained at work the mills would close down. At Melbourne on July 13 the opening of the Australian wool sales was at a stronger basis than in April, but somewhat cheaper than the prices ruling at the early London sales the previous week. At Brisbane on July 14 the formal opening of wool sales took place in that centre, following the opening at Melbourne on July 13. Prices compared with the close of Sydney sales at the end of April were 5% higher on good w ool; average wool par to 5% higher, and faulty practically unchanged. At Brisbane on July 15 wool sales closed fully up to the opening levels for best greasy merinos, fleeces and skirt ings, but inferior merinos were lower and irregular. The subsequent wool auctions in London during the month were not altogether up to expectation and the same is to be said of the sales at Sydney, and yet were not actually discourag ing. The unsatisfactory feature was evidently the state of the woolen goods trade on the other side, with labor troubles actually present or impending. The cotton goods industry in the United States seemed to be getting by degrees into somewhat better shape, but a new disturbing feature occurred in the sharp fluctuations in the price of the raw material, cotton. The fluctuations followed in large measure as a result of the publication of the semi monthly reports of the Agricultural Bureau at Washington. The first report appeared on July 2 and astonished the trade by showing a much larger acreage under cultivation in cotton than had been counted upon in any quarter. It was of course known that the acreage had been enlarged, but no one looked for a total of 46,448.000 acres, as against 42,641.000 acres planted the previous year and 41,360.000 acres picked in that year. The condition, too, was put high, be ing placed at 75.9%. Consequently, a crop of 14,339,000 bales was foreshadowed. The effect of the report on the cotton market was electrical. It sent prices down 100 points or more, amid very heavy selling for home and for eign account. On July 23 came another report of the Agri cultural Department and it was as surprising as the first. Owing to the drought in Texas and in Oklahoma the condi tion wras reduced to 70.4%, or 3% below the general expec tation, and 5.5% under the report issued July 2, which was for June 25, against the new report for July 16. A crop of only 13.588,000 bales was now forecast, as against the pre ceding forecast of 14,339.000 bales. The trade was once more completely dumfounded and prices shot up with great rapidity 130 to 140 ponits. The last two or three days of the month the rain so badly needed in the Southwest, owing to the prolonged drought, at last made its appearance, and, according to all accounts, too, was very heavy in many sec tions, particularly in Oklahoma, though apparently some parts of Texas got only partial relief. A downward reaction accordingly once more occurred. Middling upland spot cot ton in New York July 1 was 24.70c.; on July 2 there was a drop to 23.80c., with the appearance of the Agricultural De partment report. By July 8 the price was once more back to 24.65c. Thereafter prices seesawed within relatively small limits, the quotation July 11 being down to 24.10 and July 14 up to 24.95, and back again to 24.10 July 22. The next day came the second report of the Agricultural De partment and the price jumped to 25.35c. By July 27 it was up to 25.90c.; on July 31 the quotation was 24.85c. Print cloths at Fall River for 28-inch, 64 x 64, were marked up July 9 from 6% to 7c., and July 23 to 7%c. Slik goods con tinued in active demand the same as in preceding months. Raw silk also gave a good account of itself and Kansai double extra cracks were quoted here July 31 at $6 65@$6 75. the same as on June 30, and comparing with $6 55@$6 65 May 29 and $6 37%@$6 42% April 30. No great change occurred during the month in the condi tion of the iron and steel trades. There was no revival of activity, but at least there was no such slump as occurred in the previous year in the period preceding the Presidential election. The “ Iron Age” estimated the steel output the last week of the month at about 65% of capacity, the mills of the U. S. Steel Corporation being engaged to about 70% and the average for the independent companies being 60 to 65%. Steel prices appeared to be somewhat better maintained and the “ Iron Age” made the composite price of finished steel July 28 2.439c. per pound, against 2.431c. a month before, but the composite price of pig iron July 28 was $18 96 per gross ton, against $19 13 the month before. The prices of the minor metals again turned strongly upward, Lake cop per at New York rose from 13 %c. July 1 to 14.60c. July 23 and was 14.50c. July 31. Electrolytic copper advanced from 13%c. July 1 to 14%c. July 17, at which figure it remained to the end of the month. Lead at New York advanced from 8c. July 1 to 8.55c. July 29 and closed at that price. Tin at New York, which had been strong and higher in June, con trary to the course of other metals at that time, advanced to still higher levels, reaching 59.25c. July 31. There was no great change in the market for petroleum and its prod ucts, the trend most of the month being in the direction of higher levels, but towards the close there came some evi dence of weakness in gasoline prices in a few sections of the country. The Governor of South Dakota announced that the State would reopen its gasoline price war and that seemed to have a more or less disturbing effect in all the surround ing territory. On July 29 at Aberdeen and Watertown, S. D., the Standard Oil Co. of Indiana cut its rate lc., to 24c., a gallon, the same as charged by independent filling stations. On July 30 the State station at Watertown was reopened after several months of inactivity and posted a price of only 22c. Two large independents immediately quoted the same figure and later the Standard Oil Co. of Indiana followed suit. The Standard Oil Co. of Indiana on July 25 also re duced gasoline 2c. in Des Moines and the immediate vicinity to meet competitive conditions. On July 25, also, the Stand ard Oil Co. of New York notified filling stations at Springfield. Mass., to reduce retail price of gasoline from 25c. to 22c., following a similar reduction by the Atlantic Refining Co. No reduction, however, was made in prices in the Greater New York or other points in its territory. We have referred above to the probability of a strike in the anthracite coal regions on the expiration on Aug. 31 of the existing two-year agreement and of the possibility that the trouble might extend to the bituminous fields. During July, however, the differences between the miners and the operators merely passed through the stage of negotiations and though the possibility of an agreement being reached seemed remote, an actual breaking off of relations between the miners and operators did not occur until early in August. At the final session on July 2 of the Tri-District Convention of the United Mine Workers of America, held at Scranton, Pa., new wage demands, prepared by the scale committee of the anthracite miners, were ratified. They call for a twoyear agreement with the operators to replace the pres ent agreement expiring Aug. 31, uniformity and equaliza tion of all day rates, complete recognition cf the union, this having for its aim the adoption of the “ check-off” system; an increase in the contract wage of 10% ; an advance of $1 a day for all day m en: the establishment of a five-hour d ay; that coal be paid for by the companies on the tonnage basis instead of by the car, etc. The convention opened on June 29, John L. Lewis, International President of the United Mine Workers, addressing the delegates, representing 158,000 anthracite miners, on July 1. Commenting on reports that the operators may ask for a wage reduction of between 17 and 20%. Mr. Lewis declared that “ the anthracite mine workers will not accept a wage reduction of 17 or 20%.” Rejecting, in behalf of the anthracite operators, the demands of the miners, Samuel D. Warriner. at the joint' conference of miners and operators at Atlantic City on July 9 urged the arbitration of the disputed issues, and asked that there be no suspension at the mines Sept. 1 in the event that issues at that date were still awaiting adjustment. To this, however, the miners would not accede. Announcement that the demand by the miners for increased wages cotild not be granted was made on July 23 by Major W. W. Inglis, Chair man of the operators’ sub-committee in the conference, who declared that the anthracite industry could not absorb such 8 MONTHLY REVIEW an increase and that, on the contrary, there must be a re duction in the cost of producing coal. On July 22 the op erators once more sought, again without success, to have the miners pledge themselves not to suspend operations in the event that a new contract should not be entered into within a reasonable time, as well as to agree to the arbitra tion of matters in dispute. The proposal which the miners were asked to accept but rejected follow s: The public, the newspapers and other mediums of expression of opinion are insistent that there shall be no suspension of the mining of anthracite, as proposed by the operators at our opening conference on July 9. Because the mine workers are demanding an increase of wages, because we are insisting that the labor cost must be reduced, and because the con sumers of anthracite, earning less per year than the mine worker, refuse to pay present, much less higher prices, we must again ask you to agree that if within a reasonable time we are unable to arrive at the terms of a new contract, we shall mutually bind ourselves that there shall be no suspension of production, and that any matters of difference between us shall be re ferred to the decision of three impartial persons, mutually agreed upon, or if that is impossible, to be selected by the President of the United States. A warning that the conditions in West Virginia might re sult in the miners of that State joining the United Mine Workers of America in a general strike, was contained in telegrams addressed on July 21 to Secretary of Commerce Hoover and Secretary o f Labor Davis by Van A. Bittner, general representative of the United Mine Workers in north ern West Virginia. At the same time telegrams were sent to John D. Rockefeller Jr. and Samuel Untermyer, regarding the alleged abrogation of the agreements entered into by the Consolidation Coal Co. and the Bethlehem Steel Corp. with the United Mine Workers. Grain prices, after weakness the early part of the month, moved sharply upward the latter part on unfavorable weather conditions in the West and reports that the Cana dian crop had been very considerably damaged by heat, drought and rust and that the bumper prospects of a few weeks before would not be realized. July wheat at Chicago, after moving down from $149 per bushel July 1 to $141% July 6, touched $1 66 July 31. September wheat at Chicago, after moving down from $1461/4 July 1 to $138 July 2, got up to $159% July 17, but closed July 31 at $149%. Corn prices also moved to higher levels, but oats prices, after an advance the early part of the month, tended lower the latter part. The July option for corn at Chicago declined from $1 00% July 1 to 95% July 6, but by July 13 was up to $1 09 on reports of damage in some of the large corn producing States west of the Mississippi River by extreme heat and drought; the latter part of the month accounts were more favorable and by July 22 the price was back to $1 00% ; the close July 31 wras at $103. The September corn option de clined from $103% July 1 to 99%c. July 2, then moved up to $110% July 13, dropped back to $102% July 22 and closed July 31 at $103%. July oats at Chicago were 42%c. July 2, 47e. July 11 and then declined to 40%c. July 31, with the close on that day at 41 %c. The September oats option at Chicago moved up from 43%c. July 2 to 48%c. July 13 and then fell to 41%c. July 31, with the close at 41%c. Sugar prices did not improve. Cuban raw sugar July 31 was precisely the same as on June 30, namely 2 % @ 2 9-16c. In the interval, the price had been as high as 2%c. and as low as 2%c. The course of refined sugar was downward, but with some upward reaction towards the close. At one time the range at the leading refineries was 5.20@5.35. The range on July 31 was 5.20@5.45c., against 5.50@5.60 on June 30. Coffee prices tended somewhat lower and No. 7 Rio, after getting down to 19%c., was 20%c. July 31, against 21c. June 30. The price of milk in New York for grades A and B was advanced July 20 lc. a quart, to 18c. and 15c., respectively. Offerings of foreign Government and foreign corporate issues continued on an extensive scale during July. The largest single piece of financing, as already noted above, was the successful offering of $75,000,000 Commonwealth of Australia, 30-year 5% external loan bonds of 1925 by a syn dicate of bankers headed by J. P. Morgan & Co., at 99% and accrued int. $30,000,000 Kingdom of Denmark 30-year 5% % external loan bonds were sold at 99% and int., to yield over 5% % to maturity by Guaranty Co. of N. Y., Dillon, Read & Co. and the Union Trust Co. of Pittsburgh. Speyer & Co. and other bankers brought out $15,000,000 City of Berlin 25-year 6% % bonds at 89 and accrued int., to yield about 7% % . $10,000,000 Hungarian Consolidated Municipal Loan 25-year 7% % bonds were placed here by Speyer & Co. at 89 and int., to yield about 8.67%. $10,000,000 City of Cologne 6% % municipal external loan bonds were offered by a syn dicate of bankers headed by Blair & Co., Inc., at 87% plus int., to yield about 7% % . $4,000,000 Saar Basin Consolidated Counties external 7% sinking fund bonds were offered by Ames, Emerich & Co., Central Trust Co. of Illinois and Fed eral Securities Corporation at 97 and accrued interest, to yield 7.58%. Among the foreign corporate is sues worth mentioning w ere: The offering by Dillon, Read & Co. and the Guaranty Co. of N. Y. of $13,500,000 Great Consolidated PowerCo., Inc. (DaidoDenryokuKabushiki Kaisha), a Japanese corporation, 1st & gen. mtge. 6% % bonds at 86 and int., to yield over 7% % to maturity. 450,000 shares of International Match Corp. partic. pref. stock wex*e offered b j a syndicate headed by Lee, Higginson & Co. and Guaranty Co. of N. Y., at $45 pef share, to yield over 7.10%. Among the domestic offerings during the month, the largest issue brought out was the offering of $40,000,000 Central Pacific Ry. 5% 35-year guar, bonds, by Kuhn, Loeb [V ol. 121. & Co., at 98 and accrued int., to yield about 5% % . $25,000,000 Seaboard-All Florida Ry. 1st mtge. 6% bonds of series “ A” were disposed of by Dillon, Read & Co., Ladenburg, Thalmann & Co. and Kissel, Kinnicutt & Co. at 98% and int., yielding over 6.20%. The National City Co. and a group of other bankers placed $20,000,000 Hershey Chocolate Co. 1st mtge. 5% % sink, fund bonds at 98 and int., to yield over 5.70%. $17,500,000 Trumbull Steel Co. 15-year 6% gold debs, were sold by a syndicate headed by National City Co. and the Union Trust Co. of Cleveland at 97% and int., yield ing over 6.25%. J. P. Morgan & Co. and other bankers o f fered $16,908,000 Kansas City Terminal Ry. Co. 1st mtge. 4% bonds at 86% and int., to yield about 4.80%. $13,000,000 6% Stevens Hotel Co. 20-year sink, fund bonds were brought out by the National City Co. and Harris, Forbes & Co., at 100 and in i Pynchon & Co. and others disposed of $12,825,000 Metropolitan Edison Co. pref. stock, series “ C,” callable at 110 per share, at 95 and accrued int., yielding 6.31%. Harris, Forbes & Co. and the National City Co. placed $8,500,000 Toledo Traction, Light & Power Co. 5% % secured notes at 99 and int., yielding about 5.73%. White, Weld & Co. headed a syndicate which sold 76,500 shares of American District Telegraph Co. 7% cum. pref. stock (par 100) at 101 per share. $7,500,000 Chicago Rock Island & Pacific Ry. 3-year 4 % % gold notes were negotiated by Speyer & Co. and Dillon, Read & Co. at 99 and int., to yield about 4% % . Hayden, Stone & Co. announced the sale of $6,750,000 International Cement Corn. 7% cum. pref. stock at 102.50 and divs., to yield 6.83%. $6,000,000 Oil Well Supply Co. conv. 7% cum. pref. stock were brought out by Blair & Co., Inc., and Union Trust Co. of Pittsburgh at 100 per share. Manufacturers Trust Co. reported the success ful offering of $5,000,000 Realty Associates Securities Corp. guar. 12-year 6% bonds at 96% and int., to yield over 6.40%. $5,000,000 Central Indiana Power Co. 3-year 6% gold notes of series “A ” were floated by Halsey, Stuart & Co. at 100 and int., to yield about 6%. Halsey, Stuart & Co. brought out $5,000,000 Central Indiana Power Co. 3-year 6% coll, gold notes, series A, at 100 and int. Changes in corporate dividend declarations during July were again quite numerous. Chicago Mill & Lumber Co. decl. a div. of $1 on common stock, compared with 50 cents the previous quarter. The Finance Service Co. (Balto.) in creased its quar. div. rate on com. and pref. stock from 3% to 4%. The div. rate on United Drug Co. of Boston com. stock was raised from 6% to 7% per annum. Gillette Safety Razor Co. decl. an extra div. of 25 cents per share in addi tion to the regular quar. div. of 75 cents; in the two previous quarters the extra was only 12% cents. An extra div. of 25 cents on com. stock was decl. by Hayes Wheel Co. for the next two quarters in addition to the regular quar. div. of 75 cents per share. Kellogg Switchboard & Supply Co. decl. an extra div. of 12% cents in addition to the regular quar. div. of 50 cents per share. Loblaw Grocetarias Co., Ltd., made a special div. of $1 per share on com. stock. Massachusetts Investors Trust decl. an extra div. of 30 cents per share in addition to the reg. quar. div. of 75 cents per share. Nash Motor Co. gave an extra div. of $6 50 a share on com. stock in addition to the semi-annual div. of $3 50; in the previous quarter the extra div. was $2 50. New Bedford Gas & Edison Light Co. decl. an extra div. of 2% in addition to the regular quar. div. of 3%. Ontario Steel Products Co., Ltd., decl. an extra div. of 1% per share in addition to the quar. div. of 1%. An extra div. of 42% cents per share was decl. by Salt Creek Producers Assn, in addi tion to the quar. div. of 20 cents per share; the previous quar. an extra div. of 40 cents was paid. In addition to the regular quar. div. of 25 cents, A. O. Smith Corp. decl. an extra div. of 25 cents per share. An initial div. of $1 quar. was decl. by Phillips-Jones Corp. on com. stock. EsteyWelte Corp. (N. Y. City) decl. its first quar. div. of 50 cents per share on Class A stock. Christie, Brown & Co., Ltd., decl. an initial quar. div. of 1% % . Oppenheim, Collins & Co., Inc., decl. an initial quar. div. o f 75 cents per share. The Eastern Dairies, Inc., decl. an initial quar. div. of $1 75 per share on com. stock. Buffalo Rochester & Pittsburgh Ry. resumed payment of divs. on com. and pref. stock. B. F. Goodrich Co. decl. div. of $1 per share on com. stock, the first div. since Feb. 15 1921. Hazeltine Corp. paid 25 cents per share after having suspended the previous A pril; the company made its initial div. of $1 25 per share in February 1925. Quar. div. of 25 cents per share were resumed by the Tennessee Copper & Chemical Co. The Vanadium Corp. of America resumed quar. div. of 50 cents per share. Holly Sugar Corp. decl. 1% % on pref. on account of back divs. in addition to the regular quar. div. of 1% % , the same as in previous quarters. The Industrial Fibre Corp. of America announced payment of all back divs. on 1st and 2d 8% pref., amounting in each case to $36 a share. A div. of 1% was decl. by Vulcan Detinning Co. on account of back divs. on pref., in addition to the regular quar. div. of 1 % % ; in July 1925 the payment on arrears was 5% and in April 1925 1%. On the other hand, the Bourne Mills (Fall River) re duced its quar. div. from 2% to 1% % . The quar. div. of Cen trifugal Pipe Corp. was reduced from 37% cents to 25 cents. Congoleum-Nairn, Inc., reduced quar. div. on com. to 50 cents from 75 cents. The quar. div. on Martin-Parry Corp. was cut from $1 to 50 cents. Barnard Mfg. Co. of Fall River omitted its quar. div. due Aug. 1. The quar. div. on com. was passed by Brunswick-Balke-Collendeb Co. Producers A ug., 1925.] MONTHLY REVIEW 9 Arrow Motor com. reached 36% July 7, against 10% March partic. pref. stock. Punta Alegre Sugar passed its quar. 30. Fisher Body Corporation sold at 86% July 30 for the div. Reynolds Spring Co. omitted its quar. div. on com. $25 shares, against 60% Feb. 17. Rubber stocks, of course, Victor Talking Machine Co. omitted its quar. div. on com. moved sharply further upward, U. S. Rubber com. July 16 getting up to 65%, as compared with 33% March 30, and stock. The speculation for higher prices on the New York Stock Fisk Rubber 1st pref. selling at 107% July 22, against 75% Exchange made further progress during July, and many new Jan. 16. Goodyear Tire & Rubber pref. got up to 105% high records for the year were established in different July 1, against 86% Jan. 6. The bakery stocks were very divisions of the market. The volume of business also strong on talk of a consolidation and Ward Baking Class A greatly increased. Not only were million-share days com sold at 158% July 30, against 116 April 30, while General mon, but on many days the sales approached or exceeded Baking reached 162% July 24, against 121 March 7. Among 1,500,000 shares, and on one day, namely Tuesday, July 28, the specialties of one kind or another, F. W. Woolworth the 2,000,000-sliare mark was almost reached, the actual stock touched 171% July 28, against 112% Jan. 28, Sears, number of shares sold having been 1,970,955. Many differ Roebuck & Co. 197 July 27, against 147% March 30, Mont ent groups of stocks participated in the upswings, but the gomery, Ward & Co. 73 July 28, against 41 March 30, Amer high priced specialties were particularly prominent, as in ican Can com. 212% July 29, against 158% Jan. 16, Conti the months preceding, and here manipulation appeared to nental Can 80 July 29, against 60% March 29, American Ice play no small part in the spectacular gains in prices re 122% July 28, against 83 March 18, American Radiator corded from day to day. There were many sharp down 113% July 27, against 89% Jan. 3, American Safety Razor ward reactions, and on such occasions the market often 68 July 27, against 36% Jan. 2, Brown Shoe com. 121 July looked weak, but the weakness was never allowed to go very 31, against 64% March 31. Burroughs Adding Machine 95% far, a new group of specialties being promptly brought out July 20, against 65 Jan. 3, Montana Power 89% July 16, and whirled up with great rapidity, with the effect of start against 64 April 17, Case Threshing Machine com. 46 July ing the whole market on the upward tack again. Under 31, against 24 March 18, Coca Cola 137% July 27, against 80 the cover of the skyrocket performances in the specialties, Jan 6. E. I. duPont de Nemours com. 191% July 29, against there is reason to believe considerable liquidation was ef 134% Jan. 5, Foundation stock 134% July 29, against 90 fected in other parts of the market, yet speculative confi Jan. 6, International Harvester 122 July 28, against 96% dence never seriously wavered. In the specialties there March 25, International Tel. & Tel. 127% July 30, against seemed to be no limit to the advances that could be estab 87% April 3, Otis Elevator 135 July 20, against 87% Feb. 27, lished, and with paper profits steadily accumulating new United Cigar Stores 96% July 1, against 60% Jan. 6, etc., etc. zest was constantly added to the speculation. As in pre The steel stocks were not particularly prominent in the rise, vious months, the speculation appeared to have powerful but Sloss Sheffield Steel & Iron advanced to 107% July 21, backing, and those conducting the campaign managed it against 80% Mar. 30. U. S. Steel com. was moderately higher with consummate skill. When the market took on a run and ranged between 114% July 3 and 120% July 29, and away character and there seemed danger that it might get closed at 117% July 31, against 115% June 30. General out of hand, means wmre taken to bring about a setback, and Electric com. advanced from 284% July 20 to 296% July 31 when this was in progress equal care was taken not to let and closed July 31 at 294%, against 286% June 30. The it proceed too far, lest the opinion should gain ground that failure on July 3 of Dean, Onativia & Co. for $35,000,000, the bull movement had come to an end. An advance in the the largest in Stock Exchange history, had an unsettling call loan rate for money furnished the most frequent oppor effect on the market on that day, but otherwise was without tunity for bringing about a decline, but the following day, influence; the firm was able to resume the latter part of with money still at the same figure, the money flurry would the month. The bond market for the better class of issues be completely ignored. Brokers’ loans on the Stock Ex continued to tend slightly downward, under the influence of change July 30 were estimated at $2,100,000,000, the peak a firmer money market. Special issues of bonds, however, figure attained the previous March 6, before the speculative in certain instances, established very striking advances. •collapse of that month, and comparing with $1,850,000,000 The case of the income and adjustment issues of the St. June 23, which affords an idea of the way in which the Louis-San Francisco RR. has already been mentioned and speculation has been spreading. the cum. adjustment 5s, series “ A” of the Mo.-Kan.-Tex. The “ rails” did not fail to participate in the rise, but here belong in the same category. Florida Western & Nor. first the advance was more orderly and more moderate, and, as in 7s jumped from 115 July 2 to 139 July 31, closing at preceding months, there were no such sensational gains as 139. These bonds are to be called at 104 and carry with in the specialties. In the case of the rails, too, the outlook them ownership of 10 shares of common stock of the Land appeared to be much more cheerful than for a long time Co. of Florida for every $1,000 of bonds h eld ; this stock of past. Returns of earnings which came in for the month of the Land Co. will pass to the bondholders with the paying June registered in nearly all cases very striking improve o ff of the bonds; it is estimated to be worth $40 to $50 per ment over the figures for the corresponding month o f the share. previous year. Some of the newly reorganized properties VOLUM E OF BUSINESS ON TH E STOCK E X C H A N G E . Month o f July— 1925. 1924. 1923. 1922. showed marvelous advance in prosperity. The rails, more Stock sales— No. shs. 32,812,918 24,318,182 12,551,851 15,118,063 over, were apparently prime favorites with both investors Bond sales (par val.)— nnd speculators on the knowledge that their prospects had Railroad &miscell. $178,925,500 $231,698,000 $96,708,000 $144,188,000 U . S. Government. 31,639,510 45,238,000 55,859,000 110,792,000 so greatly changed for the better and also on the theory State, municipal & that the change had not yet found adequate expression in 57,435,600 67,247,000 26,563,000 47,352,000 foreign_________ market prices, but nevertheless prices for these rails moved Total bond sales.. $268,000,610 $344,183,000 $179,130,000 $302,332,000 forward very slowly, making it apparent that they were not Jan. 1 to July 31— sales— No. sbs. 237,715,045 168,730,928 144,412,746 151,212,888 being subjected to manipulation, but were moving upward Stock Bond sales (par val.)— in a normal way on their merits. Nevertheless, not a few Railroad &miscell.$l,513,738,375 $1,214,588,000 $982,890,000 $1,217,585,000 U . S. Government. 266,977,360 531,032,000 485,794,000 1,092,492,000 of the railroad stocks established new high records for the State, municipal & year, even though the further advances were relatively foreign .............. 386,028,860 356,153,000 288,906,000 367,380,000 slight. St. Louis-San Francisco com. made perhaps the Total bond sales..$2,166,744,595 $2,101,773,000 $1,757,590,000 $2,677,457,000 largest further advance, it touching 93% July 28 and clos ing July 31 at 89%, against 80% the close June 30. This The firmness in the money market noted in June con particular stock has had a marvelous rise during the last 15 tinued during July. In the call loan branch the high figure months on the strength o f the company’s income position, of 6% was not again recorded, but the tone remained firm and in addition, there are rumors that the rate of dividend and unusually sensitive to transient influences, such as on the stock, which at present is 5% per annum, is to be preparations for the midmonth and the 1st of August pay increased. The preferred stock of this company also estab ments. Statements that interior institutions were recalling lished a new high record in July, and so also did some of the balances loaned out at this centre were common, and in junior bond issues, more particularly the adjustment and addition, growing speculation on the Stock Exchange led the income bonds. Among other stocks in the railroad list to an augmented demand for accommodation at the banks that touched new figures in July may be mentioned Atlantic by brokerage houses. It was estimated that on July 30 Coast Line, M.-Kan.-Tex. com. and pref., Norfolk Southern, brokers’ loans at this centre again aggregated $2,100,000,000, Seaboard Air Line com., Southern Railway com., Wabash the peak figure reached on the 6th of March 1925 before the com. and pref. and Wheeling & Lake Erie com. and pref. memorable break in stocks which occurred during that Some of the traction properties, like Brooklyn-Manhattan month, and comparing with $1,850,000,000 June 23 and Transit com. and pref. and Hudson & Manhattan com. and $1,700,000,000 April 3, when the collapse in the stock market pref., and likewise stocks of foreign railways, in particular referred to had been completed. After the 6% rate recorded Havana Electric Railway, Light & Power and International toward the end of June, 5% had to be paid for call loans on Railways of Central America, also reached new high figures the Stock Exchange on July 1 and also on July 2, that being for the year during July. the renewal rate on both the dates and also the maximum Motor stocks were again special objects o f speculation. for both days, though a few loans were made on July 2 at White Motors got up to 95% July 28, against 57% March 30. 4% % . After this, however, the tendency was strongly down Mack Trucks com. went above 200, touching 204% July 27, ward, and on July 8 and July 9 the rate dropped to 3% % . as against 117 in January, and Hudson Motor July 7 sold On July 10 a low figure even of 3% % was recorded, but this at 66%, against 33% the previous January. Chrysler Cor was after heavy withdrawals of funds by interior banks poration common (as successor to the Maxwell Mo had caused a small flurry and carried the rate the same tor Co., which during the first six months of the year bad day temporarily up to 4% % . On Monday, July 13, some such a wonderful rise), during July sold up from 108% to loans were made as high as 5% and the renewal figure, 120. General Motors com. sold up to 89% July 29, against which had been down to 3% % , was raised to 4%, and on €4% Jan. 5 and this company submitted a wonderful state July 14 was further marked up to 4% % , which also was the ment of earnings for the first six months of 1925. Pierce- high figure for that day. The following day the renewal & Refiners Corp. omitted div. due in August on 7% cum. 10 MONTHLY REVIEW [V ol. 121. For the twelve Federal Reserve banks combined, with rate for call leans got down to 4% and on July 16 it was further reduced to 3% % , at which figure it remained for the Federal Reserve Bank of New York, of course, included, several days. On July 16 a low of 3 was reported, but the showing is somewhat different. The bill holdings the on July 21 and July 22 the high figure each day was 4% % , last week of the month substantially increased again, in and the same figure was again reached on July 31 (after a face of the further shrinkage at New York. Total bill hold low of 3% % July 30), evidently on preparations for the 1st ings of the twelve banks, after having increased between of August payments. The renewal rate was moved up on June 24 and July 1 from $455,445,000 to $511,625,000, were July 22 from 3% to 4% and on July 23 was further ad only $442,522,000 July 22, but July 29 saw the amount up vanced to 4% % , but the rest of the month renewals were again to $468,356,000. The open market purchases of accept ances, however, followed a course similar to that at New uniformly at 4%. Rates on time loans also further stiffened, evidence of York, and the total for the twelve banks combined, after growing firmness appearing first in the case of the longer increasing from $241,666,000 June 24 to $249,090,000 July 1, maturities, and the latter part of the month also in the case was only $210,476,000 July 29. Holdings of Government of the shorter dates. The result was that whereas the quo securities also fell o ff and the amount July 29 was only tation at the end of June was 3% @ 4 % per annum for all $330,160,000, against $353,575,000 July 1. Total earning periods from 60 days to 6 months, at the close of July the assets July 29 were only $1,021,342,000, against $1,127,040,quotation was 4 @ 4 1,4% for 60 and 90 days and for 4 and 000 July 1. Federal Reserve notes in actual circulation fell 5 months and 4 % @ 4 y 2 % for 6 months. Rates for commer from $1,653,006,000 July 1 to $1,598,397,000 July 29. At the cial paper were likewise advanced and at the close of July same time gold reserves increased from $2,785,562,000 July 1 were % % higher at 4 @ 4 % % for 4 to 6 months’ names of to $2,791,084,000 July 29. Fluctuations in foreign exchange during July were marked choice character, with 4 )4 @ 4 1/(j% required for names not so well known. The bulk of the business, however, was at by a number of special influences. In the case of sterling the lower figures. New England mill paper and the shorter rates on London, Labor troubles exercised a weakening in choice names at the close of the month were generally at fluence the latter part of the month, while rates for the 4%, a fairly active inquiry being noted, mostly from out-of- French franc were favorably affected by the success attend town institutions. For call loans against bankers’ accept ing M. Caillaux’s new financing plans, and rates on the ances, the posted rate of the American Acceptance Council Scandinavian centres, particularly Denmark, shot up with varied with the course of rates for call loans on the Stock great rapidity, due, apparently, to a variety of considera Exchange and was 3 y2 % July 31, against 4 y2 June 30. No tions, such as the placing in this country of a $30,000,000 change was made by the Acceptance Council during July in loan for the Kingdom of Denmark, the transfer of French the discount rates on prime bankers’ acceptances eligible and Italian funds and those o f other countries with depre for purchase by the Federal Reserve banks except that there ciated currencies as a matter of safe keeping to the Scandi was a fractional advance in the rate for bills running 180 navian centres, and reports (not confirmed) that Danish days at the very close of the month and that rates for bills financial officials had decided to take advantage of the running 30 days and 60 days at the opening of the month large buying of Danish kroner to force Danish exchange were reduced % % and not subsequently advanced. On July back to gold parity at once, or 26.8c., and abandoning the 31 the rates were 3% % bid and 3% asked for bills running original plan adopted the previous January of attaining par 30 days, 3)4% bid and 3)4% asked for bills running 60 days, ity by gradual steps. That European finances generally were 3% % bid and 3)4% asked for bills running 90 days, 3)4% getting into better shape was evident from the fact that the bid and 3% % asked for bills running 120 days, 3% % bid Bank o f France on July 9 lowered its discount rate from and 3)4% asked for bills running 150 days and 3% % bid 7% to 6%, that the National Bank of Sweden on July 23 and 3% % asked for bills running 180 days. There -were no reduced its discount rate from 5 y2 % to 5% (the first change changes during the month in the rates of discount by any of since Nov. 9 1923) and that on July 24 the Austrian Na tional Bank, which on April 25 had reduced its rate of dis the Federal Reserve banks. The weekly returns of the New York Clearing House banks count from 13% to 11%, now made a further reduction to and trust companies during July followed a course such as 10%. In the case of the Bank of France the 7% rate had would be expected. There had evidently been considerable been in effect since Dec. 11 1924. It is to be noted that the borrowing, as usual towards the close of June, in prepara French bank, while now marking its discount rate down to tion for the heavy 1st of July dividend and interest distri 6%, allowed the rate for loans on securities to remain at butions, with a corresponding increase in deposits; and with 8%, evidently not wanting to encourage speculation. At the paying out of these large amounts contraction again the very close o f the month a sudden outburst of trading in occurred in both loans and deposits. The latter part of July, the Polish zloty, with a break of 115 points in that currency, however, new borrowing was done in connection with the was an unexpected feature. The Polish zloty, after being 1st of August payments and settlements. The total of loans restored to the gold basis, had maintained stability and discounts had risen from $5,257,296,000 June 27 to for more than a year around 19.20, but now, all of a $5,309,937,000 July 3, but this was followed the next three sudden, dropped to 18.05. The break seems to have had its weeks by successive declines, carrying the total down to origin in the arrival of the date for the going into effect of $5,184,561,000 July 25, after which, however, it again rose to Poland’s order of eviction against the Germans who voted in $5,247,902,000 Aug. 1. Aggregate deposits increased from favor of Germany in the plebiscite of 1921 which resulted in $4,994,326,000 June 27 to $5,110,620,000 July 3, then declined the division o f Upper Silesia between Poland and Germany. to $4,940,362,000 July 25 and were $5,006,625,000 Aug. 1. A big exodus of Germans, in a state of abject misery and Surplus reserves were large except in the last week of the terror resulted in advance of the day set for actual evic month, when there was a sharp falling off. The excess re tion. At all events, heavy selling orders in Polish zloty ap serve ran up from $22,482,980 June 27 to $41,270,850 July 3, peared in the exchange market, chiefly for foreign account, declined to $24,353,200 July 11, was $25,653,570 July 18, and in the absence o f sustained buying a crash in rates oc increased to $61,845,180 July 25 and then dropped to $5,046,- curred. Reports had it that in view of the selling pressure 970 Aug. 1. This shrinkage in reserves the last week of the the Bank of Poland had temporarily withdrawn official month was occasioned by the sharp drawing down of re support of the zloty. Substantial recovery, however, almost serves with the Federal Reserve Bank and this in turn immediately ensued and the quotation July 31, after the seems to have had its origin in reduced borrowing at the drop to 18.10 July 29, was 18.75. Federal Reserve Bank and lessened resort to other extrane RATES FOR M O N E Y A T N E W Y O R K , W E E K L Y . Week Ending— July Z. July 10. July 17. July 24. July 31. ous measures for maintaining the cash position of the banks. Call Loans on Stock Exchange— At all events, the item called “ bills payable, rediscounts, ac Range for week (mixed & Indus, coll.). 4-6 3 X - 4 X Z X -5 Z % -4 X 3 X - 4 X Week’s average (mixed & Indus, coll.). 4% 4 4 4 4 ceptances and other liabilities” was sharply reduced to the lowest figure of the year, and in fact to the lowest figure Time Loans (M ixed & Industrial Collateral)— --Z H -4 3M -4 3 X -4 3 X -4 4 -4 X Sixty d a y s .-......................... since Nov. 13 1924; from $572,677,000 June 27 it dimin Ninety days........................................... --3 M -4 Z X -4 3 ^ -4 3 X -4 4-4K ished week by week until on July 18 it was down to $516,Four months_________________________ 3Jf-4 3 X -4 X 4r4X 4 4^ 4 -4 X Five months-.............................................3M -4 4-4M 4 -4 X 4 -4 X 4 -4 X 645,000; then, after an increase to $545,961,000 July 25, there Six months.......... - .................................... 3J£-4M 4-4M 4 -4 X 4 -4 X 4-4J4 was a drop to $485,739,000 Aug. 1. Commercial Paper— What has just been said about the New York City banks Double and single names— Prime 4 to 6 months_______________ 3 X -4 3M~4 Z X -4 Z X -4 Z X -4 X having curtailed their borrowings at the Federal Reserve Good 4 to 6 months_________________ 4-4 X 4-4 X 4-4 X 4-4 X 4-4 X Bank, is borne out by the weekly returns of that institution. These returns, it should be understood, are for the week The sterling exchange market until the fear of labor ending Wednesday, while those of the Clearing House banks trouble came in to disturb it wras dull and listless, without and trust companies are for the week ending Friday. So, of the slightest semblance of activity, and with fluctuations course, they do not exactly correspond. The volume of dis confined to the merest fractions. Up to July 23, inclusive, counted bills held by the Federal Reserve Bank of New York, the range o f sight bills on London was only from 4 85 9-16 after increasing from $120,885,000 June 24 to $151,111,000 to 4 85 13-16. Offerings of commercial bills were light, and July 1, steadily decreased thereafter and was only $110,- the unusually heavy tourist movement to Europe from the 630,000 July 29. The open market purchases o f acceptances United States helped further to maintain rates, it was be also, after increasing from $35,587,000 June 24 to $46,991,- lieved, too, that the Bank of England was committed to the 000 July 1, steadily decreased thereafter and were down to policy of extending support should any determined attempt $30,962,000 July 29. The holdings of Government securities develop to break sterling exchange, and this deterred specu followed a similar course; the amount first increased from lative selling with a view to lower rates. The announce $57,794,000 to $86,226,000 July 1, but July 29 was back to ment, however, in London cable dispatches, published in the $59,684,000. Total earning assets increased from $217,101,- daily papers Friday morning, July 24, that all the coal 000 June 24 to $287,163,000 July 1, but were only $204,111,- miners in Great Britain had voted to quit work on July 31. 000 July 29. It follows that as far as the extra facilities of and that a large number of textile workers had voted the Federal Reserve Bank were a factor in the money mar to strike immediately, caused a decline of nearly a ket, they were employed to a diminishing extent. full cent a pound to 4.84%, though this was followed the A ug., 1925.] 11 MONTHLY REVIEW next day by recovery to 4.85% and still further recovery to 4 85% July 28. On July 30, though, there was another break to 4 8413-16, when it seemed that the British Government’s efforts to avert the cessation of coal mining would prove futile, followed by recovery on July 31 to 4 85% @ 4 85%, when the news came that the strike had really been averted, or at least been deferred. The French franc sharply improved early in July, influ enced by the success M. Caillaux, the French Finance Min ister, was having with h is . financial schemes, and main tained this improvement the rest of the month. Bankers’ checks on Paris advanced from 4.43 July 1 to 4.77% July 6, though this was followed by a drop to 4.62% @4.66% the next d ay; the fluctuations thereafter were comparatively narrow and the franc evinced greater stability than for a long time previously with the range the last day of the month (July 31) 4.73%@4 73%. French investors took very kindly towards M. Caillaux’s new bond issues, thus providing for the Government’s immediate financial require ments, and it was also made evident that the French Gov ernment was in earnest about arranging its indebtedness to the United States provided an acceptable basis could be found. Another favorable factor was the closing of the French Parliament for the summer recess, ensuring some weeks of quiet and allowing M. Caillaux to go ahead with his financial reorganization program, besides which, the reduction, already mentioned, in the rate of discount by the Bank of France was not without influence. In addition, the French Parliament finally passed the 1925 budget, which had been dragging along since the previous October. Then, also, the Painleve Ministry received a vote of confi dence on its Moroccan policy and the Moroccan campaign itself took a favorable turn as French military movements were carried into execution. The Belgian franc, like the French franc, moved higher, though the improvement was not so well maintained. Checks on Antwerp advanced from 4.42% July 1 to 4.73 July 6 and were 4.59%@4.60% July 31. The course o f Italian exchange also improved. There seemed to be no new developments of consequence and cap ital still appeared to be leaving Italy, but possibly use was being made of the Morgan credit. At all events, statements saying that the Italian Government was determined to pro tect the value of the lire and punish speculative manipula tion to depress rates had a salutary effect in halting specu lative activity along those lines. A feeling also seemed to be growing that the decline in the lire was about reaching its end and that a permanent turn for the better was now impending. The belief was based on the fact that Italy’s financial position has unquestionably improved during the past two years and that her rehabilitation program seems to be progressing favorably. Sight bills on Rome moved up from 3.33 July 1 to 3.83 July 11, with the range July 31 3.64%@3.66%. Fluctuations in the rates on Berlin and also in those on Austria were unimportant, the former showing only an occasional fractional deviation from 23.80% and the latter remaining nearly the whole time at .0014%. The remark applies also to the Hungarian rate, which is the same as the Austrian rate. A Hungarian Consolidated Mu nicipal Loan for $10,000,000 was brought out in the United States by Speyer & Co. The same firm also headed the syndicate which placed $15,000,000 City of Berlin bonds in this country. Bonds of Saar Basin Consolidated Counties for $4,000,000 were also brought out in the United States during the month. The Bank of Germany the first week in July shewed a reduction in note circulation of 31,777,000 marks, the second week of 144,778,000 marks, and the third week of 96,985,000 marks, with an increase again in the fourth week (as usually happens in the final week) of 329,453,000 marks. Greek exchange moved lower and checks July 31 were quoted at only 1.55, against 1.67% July 1. Among the minor Central European group Rumania lei at tracted attention by reason of a sharp advance, and this was explained to be as a result of an agreement between the Rumanian Government and the Bank of Rumania for the repayment of the Government’s indebtedness to the Bank. The lei did not appear to be on offer in this market, and from .46 July 2 there was an advance to .62 July 22, with the quotation July 31 .51%. In the case of exchange on the former neutral centres, the feature, as already stated, was the rise in the rates on the Scandinavian countries and particularly the Danish rate. The reason for this has already been indicated above. The Danish crown repeatedly attained new high levels and ad vanced to the highest figure recorded in over five years. RATES OF E XCH AN GE ON CONTIN EN TAL CENTRES. Note.—Method of quoting French, Swiss and Belgian francs and Italian lire changed on Dec. 1 1920 to show the value of all these different units In cents per unit. The previous method of quoting was to give the number of francs or lire to the dollar. Swiss Francs Paris Francs Checks 14.43 Bankers' Cables Checks Bankers' Cables Amsterdam Guilders Antwerp Francs Bankers’ Bankers' Checks Cables Sight 19.41 19.42 03 O40.05 04.47)4 02 a40.05 04.68)4 19.38019.40) 4 19.39019.41) 4 ,02 O40.04 19.39 19.40 4.66 04.75)4 DA Y HOLI DAY HOLI DA Y SUN DAY SUN ,06 O40.08 4.70) 4 a4.78)4 19.39 019.40 19.40 al9.41 19.41 19.40 ,05 O40.07 4.63)4a4.67)4 19.41) 4 4.66 04.72 19.40) 4 ,04Xa40.07 4.68) 4a4.73 19.41) 4 19.42) 4 40.04) 4 40.04) 4 4.68) 404.71 19.41) 4 19.42) 4 4.70 04.72)4 19.40ol9.4D4 19.41019.42) 4 40.04) 4 DA Y SUN DAY SUN 19.41) 4 4.70) 4a4.72 .05 O40.06 19.42) 4 19.41) 4 19.42) 4.68) 404.70)4 4 ,05a40.06)4 40.05) 4 4.69) 404.72)4 19.41al9.4D4 19.42al9.42)4 19.41 19.42 40.06 4.71) 4a4.73)4 40 19.41) 4 19.42) 4 ,10a40.13)4 4.69) 404.71)4 4.70) 404.71)4 19.41 al9.42 19.42 019.4340 ,lla40.11X SUN DAY DAY SUN 19.41) 4 40.14 19.42) 4 4.71 04.72)4 .12 040.17 19.41) 4 19.42) 4 4.72) 4a4.73)4 ,14)4a40.17 19.41) 4 19.42) 4 4.70) 4a4.71)4 19.41) 4 4.59 a4.72 19.42) 4 ,13)4a40.16 40.41)4 11)4 040.13 19.41)40.42)4 4.71) 4a4.72)4 19.40) 19.41 19.42 4.72 ,11 040.12 SUN DAY DAY SUN 19.41 19.42 40.10 4.72) 4a4.73)4 19.41 19.42 40.13 4.72) 4o4.73)4 19.41) 4 40.13 19.42) 4 4.73Xa4 76X 19.41) 4 19.42) 4 11 )4a 12)4 4.74) 404.75)4 19.41) 4 12 040.14 19.42) 4 4.74) 404.74)4 04.46X 4.44 2 4.53Ma4.67X 4.54 3 4.65 04.74X 4 HOLI 5 SUN 6 4.69Ma4.77X 7 4.62Xa4.66M 8 4.65 a4.71 9 4.67Xa4.72 10 4.67Ma4.70X 11 4.69 a4.71X 12 SUN 13 4.69Ma4.71 14 4.67X04.69X 15 4.70Xa4.71X 16 4.70Ma4.72X 17 4.68Ma4.70M 18 4.69Ma4.70M 19 SUN 20 4.70 a4.71X 21 4.72Xa4.72M 22 4.69Xa4.70M 23 4.58 a4.71 24 4.70Ma4.71X 25 4.71 SUN 26 27 4.71Xa4.72M 28 4.71) 4 a4.72)4 29 4.72) 4a4.75)4 30 4.73Xa4.74M 314 73)404.73)4 July 4.43)4a.45)4 4.52)4a.66 4.63)40.70 DA Y DAY 4.68 a.74 4.60 o.62)4 4.60) 40.65 4.62 a. 64)4 4.62 a. 68)4 4.63 0.68 DAY 4.65 4.63 a.65 4.62) 40.66 4.63 a.66 4.62 a.64)4 4.62 a.63 DA Y 4.62 a .64)4 4.63) 4a.65 4.62 Ma.63 4.60 a. 63)4 4.62) 40.63 4.62)4 DAY 4.62Mo.63)4 4.62) 4a.63 4.63 a. 64)4 4.62 a. 62)4 4.60) 4a.6D4 Bankers' Cables Bankers’ Checks Cables ,33 0.41)4 ,35Ma.52 ,53 a.65 HOLI SUN ,71)40.78 .63 a.69 ,61)4a.69)4 ,65)4a 71 .68 a.73 ,77)4a.83 SUN ,68)4a.78 .64 a.70)4 ,C8 a.72 ,69Ma.72)4 .67 a.70)4 .68MO.70X SUN .68 a.70M ,69 a.71M ,65Xa.67M ,63 a .65)4 64Ma.65)4 ,65Xa.67M SUN ,65Ma.66M 64M0.65 .64)40.68)4 64Xa.67M 64MQ.66M 3.34 a, 42)4 3.36MO, 53 3.54 a. 66 DA Y DA Y 3.72 Ha. 79M 3.64 o, 70 3 62 Ha 70) 4 3.66) 40. 72 3.69 a. 74 3 78)4 a, 84 DAY 3.69)4a. 79 3.65 a, 71) 4 3.69 a. 73 3.70 Mo. 73)4 3.68 a, 71)4 3.69MO, 71)4 DA Y 3.69 a. 71M 3.70 a. 72 M 3.66) 4a. 68M 3 64 a. 66)4 3.65Mo 66)4 3.66) 40, 68M DAY 3.66MO ,67 M 3.65Ma ,66 3.65) 40 .69)4 3.65) 4a .68 M 3.65Ma 67 M 1.67)4 1.65 .63)4a.64)4 HOLI SUN 1.63 .59 Mo.61 .60 ) 40.61 1.62)4 .61 a.62 .62 a. 62)4 SUN .60MO.61M 1.60 1.60)4 .59 a. 60 .58 Mo.60 1.59)4 SUN .57 a.58 .54)40.57)4 1.55) 4 .55)40.57)4 .58 a.59 .56)40.57)4 SUN 1.55) 4 1.55 1.54) 4 1.55) 4 1.55 1.68 1.65)4 1.64 a.65 DAY DA Y 1.63)4 1.59Ma.61)4 1.61 a .61)4 1.63 1 .62 a .62)4 1.62)4a.63 DAY 1.60M«-62)4 1.60)4 1.61 1.59)4o.60)4 1.58Ma.60)4 1.59)4 DA Y 1.57X0.68)4 1.54M0.57X 1.55J4 1.56 a.57M 1.58Xa.59X 1.56Mo.58 DAY 1.55M 1.55X 1.55 1.56X 1.55X Sweden Kroner Norway Kroner Berlin f Reichsmarks Vienna Kronen Spanish Pesetas Ban Peers’ Cables Checks Bankers’ Checks Cables Bankers' Checks Cables Bankers' Checks Cables Bankers' Checks Cables Bankers' Checks Cables 23.80X 23.80 X 23.80X HOLI SUN 23.80X 23.80X 23.80X 23.80X 23.80 23.80X SUN 23.80 23.81 23.80X 23.80X 23.80 X 23.81 SUN 23.81 23.80X 23.80X 23.80X 23.80X 23.80 X SUN 23.80X 23.80X 23.80 X 23.80 X 23.80X .0014 X •0014X •0014X HOLI SUN •0014X .0014 •0014X •0014X .0014 X .0014 SUN .0014 X •0014X •0014M ■0014X .0014 X •0014X SUN •0014X .0014 X .0014 X .0014 X .0014 X .0014 X SUN •0014X ■0014X •0014X ■0014X •0014X 20.03020.26 20.07a20.30 26.79 X 26.83X 20.46a20.70 20.50a20.74 26.79 26.83 20.34a20.50 20.38a20.54 26.76a26.78 26.80026.82 HOLI DAY ..................... HOLI DAY ..................... ..................... SUN DAY SUN DAV ..................... - __________ 6 .......... — 20.56o20.77 20.60a20.81 26.76026.79 26.80026.83 7 ......... 20.47a20.59 20.51a20.63 26.77026.79 26.81026.83 20.44a20.58 20.48a20.62 26.78a.80 X 26.820.84X 8 9 .................. ......... 20.31020.50 20.35a20.54 26.79a26.81 26.83026.85 1 0 ............................ 20.44a20.57 20.48a20.61 26.79a26.82 26.83a26.86 1 1 ............................ 20.43a20.44 20.47a20.48 26.80026.82 26.84026.86 SUN DAY SUN DAY 12 26.82a26.85 26.86a26.89 13 .....................20.68 .....................20.72 14 ............ 20.69Xo.77 20.73Xo.81 26.83a26.84 26.87a26.88 26.86 26.82 15 ............ 20.63o20.71 20.67o20.75 26.87 26.83 16 ............ 20.70a20.87 20.74a20.91 17 .......— 20.96a21.14'i 21 021.18X 26.83o.88X 26.87a .92 X 21.10X0.24 26.87X0.88 26.91 Xa.92 21.06Xa.20 18 ..................... ..................... ..................... SUN DAY..................... SUN DAY 19 ..................... ..................... 26.86 26.90 21.28a21.49 21.32021.53 20 2 1 .......................... — 21.531ia.74*i ■57X0.78X 26.86o.87M 26.90o.91M 21.58a21.66 21.62a21.70 .86M0.86X 26.90X 22 .88X022.13 26.82Xa.86 26.86X0.90 21.84‘ia22.09 23 ..................... ..................... ..................... 26.82 22,07a22.20 26.86 22.06a22.16 24 ..................... ..................... 26.82 26.86 25 .........— 22.13a22.31 22.17a22.35 SUN DA Y SUN DAY 26 - ........................ 26.84 26.88 22.69a24.08*i 22 73a2412’i 26.83 26.87 28 IIIIIIIIIIIIIII 23.46a23.86 23.50023.90 29 ............ 22.6 la23.26 22.65a23.30 26.82o26.85 26.86a26.89 26.85 2282*102302 26.89 22.78Xa.98 30 ..................... — ............... 26.89 22.04022.90 22.00022.86 31 ..................... ..................... .....................26.85 IIIIIIIIIIIIIII ............................ ...... .......... ........ ___ _____ f Gold or rentenmark equivalent to one trillion paper marks. 40.05 O40.07.4,,42)40.44)4 40.04 040.06 4 51)4a.65 40.04 040.06 4 ,62)4a.69 DA Y HOLI DA Y SUN 40.08 O40.10 4 .67 a 73 40.07 O40.09 4 .59 a.61)4 40.06)4a40.084 ,59)4a.64 .61 a 63)4 40.06) 4 .61 a. 62)4 40.06) 4 40.06) 4.62 a.67 DAY SUN 40.07a40.08 4.64 40.07a40.08)4 .62 a.64 .61)40.65 40.07) 4 40.08 .62 a.65 40.12040.15) 4 .61 a.63)4 40.13a40.13)4 .61 a.62 DAY SUN 40.16 61 a.63)4 40.14 040.194 .62)40.64 40.16)4040.194 •61M0.62 40.15) 4a40.184 .59 a.62)4 40.13Ma40.15 .61)40.62 40.13 040.14 4.61)4 DA Y SUN 40.12 .61Mo.62)4 40.15 ,61)4a.62 40.15 ,62 a .63)4 40.13)40.14)4 ,61 a. 61)4 40.14 040.164 59Xa.60X Sight Greek Now quoted In Cents per Drachma Denmark Kroner 1 ......... . 3 4 5 Cables Italian Lire 17.77ol7.97 18.16018.43 18.06ol8.26 HOLI SUN 17.99a. 18,19'« 17.96al8.08 17.74Xa.91 17.44al7.68 17.44a.52 X 17.45al7.48 SUN 17.51al7.84 17.87al7.96 17.72al7.80 17.77ol7.88 17.91al8.01 17.94a.98X SUN 18.06al8.25 18.01al8.38 17.98ol8.10 18.15al8.23 18.08al8.28 18.12 Xa.20 SUN 18.28ol8.76 18.15018.86 18.33Xa.56 18.40Xa.51 17.96al8.35 17.81al8.01 18.20al8.47 18.10al8.30 DAY DAY 18.03a.23X 18.00al8.12 17.78Xa.95 17.48al7.72 17.48a.56X 17.49al7.52 DAY 17.55al7.88 17.91al8.00 17.76al7.84 17.81al7.92 17.96al8.06 17.98al8.02 DA Y 18.10al8.29 18.05al8.42 18.02al8.14 18.19al8.27 18.12al8.32 18.16X0.24 DAY 18.32al8.80 18.54al8.90 18.37Xa.60 18.44Xa.56 18.00al8.39 23.80 X 23.80X 23.80X DAY DAY 23.80X 23.80X 23.80X 23.80 X 23.80 23.80X DAY 23.80 23.81 23.80X 23.80X 23.80X 23.81 DAY 23.81 23.80X 23.80X 23.80X 23.80X 23.80X DAY 23.80X 23.80 X 23.80X 23.80X 23.80X .0014 X .0014 X •0014X DA Y DA Y •0014X .0014 •0014X •0014X •0014X .0014 DAY •0014X •0014X .0014 M •0014X •0014X ■0014X DA Y •0014X •0014X •0014X •0014X •0014X •0014X DA Y .0014 X .0014 X •0014X •0014X •0014X 14.52o.53X 14.54a.55X 14.56X 14.54X 14.53o.54X 14.55o.56X HOLI DAY SUN DAY 14.53o.53X 14.55a.55X 14.52o.53X 14.54a.55X ,52Xa.53X .54XQ.55X 14.51al4.53 14.53al4.55 .50XQ.51X .52Xa.53X 14.48al4.51 14.50al4.53 SUN DA Y 14,49a.50 X 14.51a.52X 14.47a.49X 14.51o.53X 14.48al4.49 14.52ol4.53 14.48X 14.52X 14.47014.48 14.51al4.52 14.45ol4.47 14.49al4.51 SUN DA Y 14.50 14.48 14.46al4.48 14.48al4.50 14.43X0 47 14.45X0.49 14.43a .44 X 14.45a.46X 14.42X0.44 14.44X0.46 14.44a .48 X 14.46a.50X SUN DA Y 14.47Xa.50 14.49Xo.52 14.49al4.50 14.51al4.52 14.47al4.49 14.49al4.51 14.45al4.46 14.47al4.48 14.43Xa.46 14.45Xa.48 MONTHLY REVIEW 13 [V ol. 121, Heavy and persistent buying was reported from a variety July 8 and July 15. The Bank of India on July 2 further o f sources. German interests were said to be in the mar reduced its rate of discount from 5% to 4%. ket, and there was buying, of course, to remit against the Tf Ttl Tf ^ ■'f ■'t Tji Tf Tf Tt ^ ^ ^ ^t1 Tt<Tf Tf $30,000,000 Kingdom of Denmark loan placed in this coun 000000 ooxoooooooo e e e e e « oor^oooooooo 0e00c0e00e00e00c00 0e00 e0eXe00e00 try. London was reputed to be buying to cover import bal 8? as5* s4:**:*** x ■'t' rf CO^ ^ rj< raswrssa fHTf^ rf ^ x x x x x ^ ances, and Continental buyers were said to be bidding sharply under the influence of the continued transference o f funds on the part of French, Italian and other countries x~xxxx ~xxxxx ssxss with depreciated currencies. There was some reaction from XXX xxxx ee e xexe xe xe xe xc x x x x x x xe xc x e ex ex ex xeecsee the extreme high figures the last two or three days of the -ax ^**55* month. Checks on Denmark advanced from 20.03 July 1 to 24.08% July 27 and were 22.00@22.8G July 31. The course o f the Norwegian crown was much more uneven, but withal x j r2C x'-<^;rJx05sCx x5x x5*--Kx x 500i050J^ jrxxx>,050lC5Ci05 05C 50x 5Cx50x5Ci^Jx00x50 05x0i0 05C strongly upward. Here there was a sharp break after an c e e Hf l c e e e e Qf l QSBe e e Qe e e e e BQe e e e e early advance, but the last half of the month the trend was again strongly upward. Checks on Norway spurted up from 0>05CiOpaiai0505030p03C30305©ap05003ffi»XpX0305X05 17.77 July 1 to 18.43 July 2, but then rapidly declined until rt< Tt< ^ T}<Tf ^ a low of 17.44 was reached July 9 ; by July 28, however, the :=* x s s s s x rate was up to 18.8G, with the range July 31 17.98@18.35. o o — oooooo oooooo oooooo ooooo ooxoo xexc xo xa xe xa xaxaxexaxe xa xexaxaxaxaxe xext sxcxe axs In the case of the Swedish crown, with the rate in the JFssxxx x© x sxxx # neighborhood of par, the fluctuations were much narrower, 0 00 0 0 )0 O O OOO O 0000)0) 0 ) 00 0 ) 0 ) but the trend, nevertheless, was upward, with the rate for checks July 31 26.85, against 26.79% July 1. The changes in xx.?*:* the Swiss franc and the Dutch guilder were not of any great vOvoVC v O*0 vOvO*0 v.riRisxxx O vQvovOvQ iC «3»0UJU5 * if3»XX CU5»C XXX c e e xex«xexexexc xoxaxcsxcsx«xcs xexcxcxcxc xc xoxcxe xc xe consequence. Checks on Switzerland were 19.41 July 1 and =xxx s x x .? * * * x x x x x x f =x 19.41% July 31 and sight bills on Amsterdam 40.03@40.05 JiO^ O»0lO vOvO»OvOvoiO July 1 and 40.12@40.14 July 31. Spanish pesetas moved somewhat lower. As against 14.52@14.53% July 1, checks x~x x -OxCOxCOxCOxCOxCO xx.?x x V xOCOx xx on Madrid July 31 were 14.43%14.46. ' CDCOCO»0 C O~ COx COx COx COxCO C XXXXXX x xlOxVOx ceocsee XXXXXX e e e c e e xe xe xexc x« x « xcjoqco In rates on South American points a rise in the Uruguayan = XX X X X = X X X X X X X X X =X Xj?X peso and the Brazilian milreis attracted attention. The C OCOCOCOCOC O COCOCOCOCOCO COCOCOCOic »C VOVO*0VOlO former moved up from 97.66 July 1 to 100.20 July 28, and was 98.91 July 31, and the Brazilian milreis was quoted at 11.96 July 31, against 10.95 July 1. The sucre on Ecuador xe xe ex HQc ^ ^ x xj exexexexe^f lxcxj exexexcxe^ x x xe Qeeeccj ^xxxxx on the other hand dropped from 23% to 21.28. Rates on the f lxexe xc Ba Far East in the case of the Chinese points at least tended <?x3 g x x x x x x g x x # x x x g x x x x x gpvo= x»O xT#t<»0 x iO vOvcOpvOXXXXXXO »OvOvO»OvO p»OvXXXXXO OvOiO»OvJO OpvOOO »0O »O iO^‘v vO XXXJjJCD JCO XXO OO XCD XXXXX strongly downward after the sharp special advance the ^ ^ T* Tt^ TjHrt<Tf Tf TjHTt< ^ ^ ^ Tf Tf ^ ^ Tf ^ Tf previous month. The dollar on Hong Kong was only 57@ £2* 57% July 31, against 58%@60 July 1. The tael on Shang <N<NCM<MOUM C* <M<M<N<N NNNC101 hai was 77% @78% July 31, against 77%@78% July 1. The Japanese yen, however, was firmer, and stood at 41% @ .rSXS*:* NNCPNNN NNNNNN SXSXXS NNNN*hh sXXs hNNhN 41% July 31, against 41@41% July 1. Silver in London was quoted at 32d. July 31, the same as on July 1, after having been in the interval down to 31% July 6 and up to 32% HNPJ^iOCONXOOHNM ^^CONXOOHNM^iOcOSXOOF hhhhhhhhhh NN(NNINNNIN(NN«« RATES OF EXC H A N G E ON OTHER CENTRES. J ly 1— 2_ _ 3— 4— 5—6. _ 7— 8 -. 9 -. 10- 11 — 12-13__ 14. 15-16-17-18— 19-20-21-_ 22 23-24_ _ 25— 2 6- 27-_ 28- _ 29_ . 3031 — July 1— 2 .._ 3 ..4_— 5— 6 .- 7 __ 8— 9— 10 — 1 1 ... 12 — 13 — 14__ 1 5 .-1 6 .-17 — 18 — 19 — 20.__ 21 — 22. 2 3 ... 2 4 .. 2 5 ... 26 — 27 — 28 — 29— 30 — 31__ C zecho slovakia Kronen Bucharest Leu e Polish Zloty Hungary Serbia d Russian Chervonets d Bulgaria Finnish Markka Checks >64% prem. *M% prem. Par Checks 2.96M 2.96 If 2.96 Vs Checks .46 if .46 .46 if Checks 19.20 19.20 19.20 Checks .0014 if .0014 if .0014 )f Checks 5.13 5.13 5.13 Checks .73 .73 .73 Checks 2.53 2.53 2.53 Checks 40.44 40.33 40.40 Cables 40.49 40.38 40.45 Checks 10.95 10.95 10.80 Cables 11.00 11.00 10.85 *j«% >•*% *««% 'n% *64% ’«% prem. prem. prem. prem. prem. prem. 2.96H 2.96 H 2.96H 2.963f 2.96 2.96 H .46 if .46 ,46a .48 if •48a.50 .49 if .48 if 19.20 19.20 19.20 19.20 19.20 19.20 .0014 if .0014if .0014 if .0014a.0014if .0014 if •0014if >34% ln% »M% 364% *»»% 364% prem. prem. prem. prem. prem. prem. 2.96 if 2.96M 2.96 Jf 2.96M 2.96 Jf 2.96 if , .48 if .48ifa.49 .48 if .48 if .48 .48 if 19.20 19.20 19.20 19.20 19.20 19.20 .0014if .0014if .0014 if .0014 if .0014 if ■0014if *34% >44% *44% ‘ l«% >16% 6«4% prem. 2.96 if prem. 2.96 if prem. 2.96 if prem. 2.96 if prem. 2.96if 02.96 if prem. 2.96 if .48 if .48 if .48H a.62 .51 a.58 .52ifa.56 .52 a.53 19.20 19.20 19.20 19.20 19.20 19.18 .0014if .0014if .0014 if .0014 if •0014if .0014if *34% a% Ys% *82% *32% prem. prem. prem. prem. prem. 19.20 19.20 18.05 18.10 18.75 .0014 if -0014if •0014if .0014 if .0014if Checks 1.75!f 1.76 1.75 if HOLIDAY SUNDAY 1.75 1.75 if 1.76 1.76 1.76 1.76 SUNDAY 1.76 1.76 if 1.76 if 1.75 if 1.75 if 1.76 if SUNDAY 1.75 if 1.75 if 1.75H 1.75 if 1.75 if 1.75if SUNDAY 1.76 1.77if 1.80 if 1.81 if 1.82 if Canada Dollars 2.96 if 2.96 if 2.96 if 2.96 if 2.96 if .50 if .51 if .51 .50 if .51 if Vene Colom E cu a d o r U ruguay zuela Bolivia bia Bolivar Peso Boliviano Dollars Sucre ♦Chile Peso zPeru Libra Checks 19K 19K 19K Checks 11.54 11.54 11.54 Checks 4.13 4.13 4.13 Checks 34 if 34if 34 if Checks 98 if 98 if 98if Checks 23if 23 if 23 if Checks 97.66 97.66 97.84 34 if 34if 34 if 34 if 34.48 34.48 98 if 98 if 98if 98 if 97.32 97.32 23 if 23 if 23if 23if 21.28 21.28 97.66 97.62 if 97.62 if 97.50 97.50 97.50 19 if 19if 19if 19.20 19.18 19.18 11.75 11.75 11.65 11.65 ll*i. 11.75 4.10 4.13 4.13 4.12 4.13 4.13 34.48 34.48 34.48 34.48 34.48 34.48 97.32 97.32 97.32 97.32 97.32 97.32 21.28 21.28 21.28 21.28 21.28 21.28 97.66 98.43 98.43a. 78 98.52a.87 99.01 99.01 19.18 19.18 19.18 19.18 19.18 19.18 11.65 11.60 11.60a.65 11.65a. 70 11.70 11.65a.70 4.13 4.10 4.08 4.10 4.10 4.10 34.48 34.48 34.48 35 35 35 97.32 97.32 97.32 97 if 97 if 97 if 21.28 21.28e 21.28 21.28 21.28 21.28 98.91 99.21 99.40 99.40 99.70 100 19.18 19.18 19.18 19if 19if 19i£ 11.77 11.71 11.71 11.71 11.75 11.75 4.10 4.10 4.10 4.10 4.10 4.10 35 35 35 35 35 97 if 97 if 97 if 97 if 97 if 21.28 21.28 21.28 21.28 21.28 100 100.20 100 100 98.91 19if 19.40 19.40 19.40 19.40 11.87 11.82 11.82 11.87 11.81 4.10 4.10 4.03 4.03 4.03 j/Portugal Escudo Turkey Checks 5.24 __ 5.25 __ 5.24 HOLI DA Y SUN DAY 5.23 __ 5.28 5.26 __ 5.26 __ 5.26 __ 5.26 SUN DAY 5.26 __ 5.26 __ 5.26 __ 5.26 __ 5.26 __ 5.26 SUN DAY 5.28 5.28 5.28 5.28 __ 5.28 5.28 SUN DAY 5.26 5.26 __ 5.26 5.25 5.25 --- _ _ _ Brazil Milreis Argentina Peso 5.13 5.13 5.13 5.13 5.13 5.13 .73 .73 .73 .73 .74 .74 2.53 2.53 2.53 2.53 2.53 2.53 40.45 40.45 40.37 40.40 40.45 40.46 40.50 40.50 40.42 40.45 40.50 40.51 11.05 10.95 11.07 11.14 11.20 11.20 11.10 11.00 11.12 11.19 11.25 11.25 5.13 5.13 5.13 5.13 5.13 5.13 .73 .73a.74 .73 .73 .73 .73 2.53 2.53 2.53 2.53 2.53 2.53 40.44 40.40 40.43 40.26 40.36 40.40 40.49 40.45 40.38 40.31 40.41 40.45 11.27 11.27 11.24 11.36 11.52 11.70 11.32 11.32 11.29 11.41 11.57 11.75 5.13 5.13 5.13 5.13 5.13 5.13 .73 .73 .73 .73 .73 .73 2.53 2.53 2.53 2.53 2.53 2.53 40.40 40.40 40.37 40.40 40.33 40.37 40.45 40.45 40.42 40.45 40.38 40.42 11.96 11.76 11.71 11.96 11.93 11.81 12.01 11.81 11.76 12.01 11.98 11.86 5.13 5.13 5.13 5.13 5.13 .73 .73 .73 .73 .74 2.53 2.53 2.53 2.53 2.53 40.29 40.37 40.35 40.31 40.33 40.34 40.42 40.40 40.36 40.38 11.71 11.83 11.78 11.79 11.96 11.76 11.88 11.83 11.84 12.01 H ong K ong Dollar Shang hai Tael Y ok o hama Yen Manila Peso Singa pore Dollars Bombay Rupees Java Guilders Checks Checks Checks Checks 58 if a60 77if a78if 41 a41 Jf 49%a50 57ifa57if 77ifa78if 40ifa41 49 if a50 57i£a57if 77Ma78if 40ifa41 49Ma50 Checks Checks Checks 57ifa57if 37 a37if 40ifa41 57if a57if 37 a37if 40if a41 57ifa57if 37 a37if 40if a41 57 if a57 if 77Ha78H 57%a57Vs 775fa77if 57ifa57if 77ysa77H 58 a58if 78 a78Jf 57if a58 78 a78H 57ifa58 78 a78M 40ifa41 41ifa41if 411fa41if 41if a41if 41if a41 % 41ifa41M 49iia50 49ifa50 49ifa50 49ifa50 49 if a50 49ifa50 57if a57if 57ifa57if 57if a57if 57if a57if 57ifa57if 57ifa57if 37 a37if 37ifa37if 37ifa37if 37ifa37if 37ifa37if 37ifa37if 40ifa41 41 a41if 41 a41Jf 41 a41if 41 a41if 41 a41if 57if a57if 57 if a57 if 57ifa57M 57ifa57if 57 if a58 57if a57if 78Ha78H 78ifa78if 78ifa78if 781fa78if 78ifa78if 78*i»a78if 41if a42 41ifa42 41ifa42 41ifa42 41ifa42 41if a42 49 if a49 if 49ifa49M 49ifa 4 9if 49ifa 4 9if 49if a49if 49if a49if 57ifa57if 57ifa573f 57ifa57if 57Jfa57if 57ifa57if 57ifa57if 37 37 37 37 37 37 40if a40if 40 if a40 if 40ifa40if 40*.»a40if 407s°a40if 407s0a40if 57 if a57 if 57ifa57M 57ifa57i£ 57ifa57if 57ifa57if 57ifa57if 77ifa78M 77 a78 77ifa78if 77 a78 77ifa781f 77ifa78if 41ifa42 41ifa42 41ifa42 41ifa42 4 1 «a 4 1 if 41ifa41if 49 if a49 if 49 if a49 if 49 if a49 if 4 9ifa49if 4 9ifa49if 49if a49if 57ifa57if 37 a37if 407j°a40if 57ifa57if 37 a37if 4072°a40if 57ifa57if 37 a37if 407s°a40if 57ifa57if 37 a37if 40ifa41if 57if a57if 37 a37Jf 40ifa41if 57ifa57if 37 a37}f 40ifa41if 57%a57% 57ifa575f 57 a57H 57 ah7\i 57 a57M 77ifa78if 77ifa78if 77ifa78if 77ifa78if 77ifa78if 41Ma41if 41ifa41if 41 if a41 if 41ifa41if 41ifa41if 49ifa49if 49 if a49 if 4 9ifa49if 4 9ifa49if 49ifa 4 9if 57if a57if 57!f a57if 57if a57if 57if a57if 57ifa57if a37if a37if a37M a37if a37if a37if 37 a37if 40Jfa41if 37 a37if 40ifa41 if 37 a37if 40ifa41if 37 a37if 40 if a41 if 37 a37if 40ifa41if * Cents of U. S. money per Chilean peso, x American money per Peruvian pound, v Value of one escudo in U. S. currency, d Nominal, e Effective May 12 1924. Commenced the quotation of Polish exchange in zloty instead of marks, which had formerly been the medium of exchange. The zloty is equivalent to 1,800,000 marks. 13 N ew York Stock Exchange M O N TH LY AND Y E A R L Y RECORD T h e fo llo w in g ta b le s fu rn ish a c o m p le te re c o rd o f th e N e w Y o r k S to c k E x c h a n g e tr a n s a c tio n s f o r th e p a s t m o n th an d th e y e a r 1 9 2 5 to d a t e . T h e y n e e d n o e x te n d e d in t r o d u c t io n , as th e y are s e lf-e x p la n a to r y . T h e ta b le s e m b r a c e e v e ry s e c u r ity d e a lt in o n th e E x c h a n g e . W e g iv e b o n d s fir s t , u sin g th e c la s s ific a tio n a d o p t e d in th e o ffic ia l lis t . T h e b la c k fa c e d le tte r s in th e c o lu m n h e a d e d “ Interest Period” in d ic a te in e a c h ca se th e m o n th w h e n th e b o n d s m a tu r e . > I n a c c o r d a n c e w ith th e ru le a d o p te d b y th e N e w Y o r k S to c k E x c h a n g e in 1 9 0 9 , a ll q u o ta t io n s fo r in te r e s t-p a y in g b o n d s are a t a p ric e to w h ic h a c cru ed in te r e st m u s t b e a d d e d . T h e e x c e p tio n s to th e ru le are in c o m e b o n d s a n d b o n d s on w h ich in te r e st is in d e f a u lt . A fe w o th e r b o n d s , lik e th e H o lla n d -A m e r ic a n L in e 6 s a n d th e A n t o n J u r g e n s W o r k s 6 s , for sp ec ia l r e a so n s, are a lso q u o te d “ f l a t ,” b u t w h ere th is is th e ca se th e n o ta tio n “flat” w ill b e f o u n d a g a in s t th e n a m e o f th e Issu e. T h is m e th o d o f q u o tin g b o n d s b e c a m e e ffe c tiv e J a n u a r y 2 1 9 0 9 . For footnotes to tables see last page of bonds and last page of stocks. BONDS— PRICES AND SALES FOR JULY AND RANGE FOR THE YEAR TO DATE. BONDS N. Y. STOCK EXCHANGE. U S G overnm ent Securities First Liberty Loan— First 3 H s....................... 1932-1947 J Registered___________________ J First 4s. ......................... 1932-1947 J Registered___________________ J First 4 Ms. ..................... 1932-1947 J Registered___________________ J First Second 4M s..........1932-1947 J Registered___________________ J Second Liberty Loan— Second 4s_____________ 1927-1942 M N Registered____________________ M N Second 4 ^ s ....................1927-1942 M N Registered____________________ M N Third Liberty Loan— Third 4J 4s--............................1928 M S Registered___________________ M S Fourth Liberty Loan— Fourth 4>is....................1933-1938 A O Registered___________________ A O Treasury 4 W s __________ 1947-1952 A o Registered______________________A o Treasury 4s____________ 1944-1954 J D Registered______________________J D State an d C ity Securities New York City— 4>£s............... 1960 M S M S Registered______________ _ 4J4s Corporate stock_______ 1964 M S 4}4s Corporate stock_______ 1966 A O .1972 A O 4 t f s - . - _____ 4J4s Corporate stock_______ 1971 J D 4H s Corporate stock_______ 1967 J J 4E£s Corporate stock_______ 1965 J D 4K s Corporate stock_______ 1963 M S 4% Corporate stock________ 1959 M N Registered___________________ M N 4% Corporate stock________ 1958 M N 4% Corporate stock________ 1957 M N 4 s .................... 1956 M N M N Registered______________ 4 s _________________ 1955 M N MN Registered______________ 4H s Corporate stock_______ 1957 M N 4>$ % Corporate stock______ 1957 M N Registered____________________ M N 3 H % Corporate stock______ 1954 M N 3 K S__________________ N ov. 1954 M N N Y State Canal 4s____________1942 4s.............. 1961 4H s Canal_________________ 1964 J J 4K s Highway Im pt________ 1963 M S 4s Highway registered----------1958 Virginia funded debt 2-3s-------- 1991 J " J Foreign G overnm ent Securities Argentine (Govt) 5-year 7s____ 1927 F A Argentine (Rep) 5s o f 1909------ 1945 M S Sinking fund gold 6s ser A ___1957 M External 6s ser B temp--------- 1958 .T D Sink fund 6s o f 1925 tem p— 1959 J D Australia 5s w i ______ July 15 1955 J J Austrian Govt s f 7s---------------- 1943 J D Belgium 25-year ext s f 74$s g ..l9 4 5 J D 20-year sinking fund 8s--------1941 F A 25-year ext 6Hs int c tf--------- 1949 M S External s f 6s inter rets_____ 1955 J J External s f 7s w i___________1955 J D Bergen (Norway) s f 8s_______ 1945 M N 25-year s f 6s_______________ 1949 A O Berne (City of) s f 8s -------------- 1945 M N Bogota (City) ext g 8s-------------1945 A O Bolivia (Republic of) s f 8s____ 1947 M N Bordeaux (City of) 15-year 6s—1934 M N Brazil (U S of) external 8s_____ 194l J D Cent Ry 30-year g 7s----------- 1952 J D Sink fd 7 H S (coffee sec).1952 flat A O Buenos Aires extl 6 K s------------- 1955 J J Canada, Dominion or, 5s______ 1926 A O do do 5 s _______ 1931 A O 10-year gold 54£s---------------- 1929 F A 30-year gold 5s--------------------1952 M N Carlsbad (City) 8s------------------ 1954 J J Chile Republic exter s f 8s_____ 1941 F A External 5-year s f 8s_______ 1926 A O 20-year external s f 7s______ 1942 M N 25-year extl s f 8s gold______ 1946 M N Chinese, Hukuang Ry 5s______ 1951 J D Christiania (City) (Oslo) 8s — 1945 A O 30-year s f 6s ----------------------- 1954 M S 30-year s f 6s int c tf________ 1955 M N Colombia (Rep) extl 64£s--------1927 A O Copenhagen 25-year s f 5H s— 1944 J J Cuba Rep o f 5s o f 1904----------- 1944 M S 5s ext debt Ser A o f 1914____ 1949 F A 4H s external loan__________ 1949 F A 30-year s f 5 H s _____________1953 J J Czechoslovak (Rep of) 8s_____ 1951 A Sink fd 8s ser B _____________1952 A Danish Cons Munic s f 8s A ___1946 F Series B sink fd 8s_________ 1946 F Denmark external sink fd 8s___ 1945 A 20-year external gold 6s--------1942 J Dominican Republic sink fd 5s. 1958 F Custom administr 5 Ms_____ 1942 M S Dutch East Ind 25-year ext 6s. 1947 J J 40-year extl sink fd gold 6s..1962 M S 30-year extl g 5 Ms------Mar 1953 M S 30-year extl gold 5 M s..N o v 1953 M N French Repub 25-year ext 8 s ..1945 M S 20-year external loan 7 Ms— 1941 J D External 7s o f 1924 .............. .1949 J D Finnish mun loan 6 Ms A _____ 1954 A O Extl 6Ms Ser B ................. ..1954 A O Finland (Rep of) exter 6s_____ 1945 M S External sinking fund 7s------ 1950 M S German ext’l loan 7s int rets..1949 A O Sales in July. Par Value. Price Jan. 2 1925. Bid. Ask. Bid. 3.015,000 100»°j2Sale 69,000 100, 1j2Sale 101i°.j------3.000 101 ------900,000 101i»»iSale 7.000 101 I*n 101*°32 10,000 100*°«2Sale RANGE SINCE JAN. 1. PRICES I N JULY. July 1. Lowest. Highest. Lowest. Highest. Sale Prices. Sale Prices. Sale Prices. Sale Prices. July 31. Ask. Bid. Ask. 1003132Sale 100233iSale 100sl3jSale 102^32_____ 1001»32- 1022432Sale 1022032Sale 102 103 1013°32Sale i o n ,* 163' 2 10047, 2M ay 2 10022,2July 101I1sjMar. 100 July 10 100 July 10 100 July 1012732July 30 103*32 July 7 1011032Mar. 1013°31July 31 1022*32July 7 1019ij Jan. 101 Jan. 1 31 18 10 10 14 14 1012*,3Feb. 101sl33June 102173!June 102103iJune 103*32 uly l022°32June 103 June 25 19 17 15 7 24 10 3 100 July 10014s2Mar. 3 1002»,2Jan. 1 100J*»2July 8 17 5 30 1012«33May 101 332June 101'»32May 1011532June 11 9 27 20 1001932July 13 101*32 July 100 22,2July 31 101432 July 1003332 100 July 8 1011032July 101G 100 4.567.000 100sljjSale 34.000 100” SjSale 1011332Sale 1011232Sale 100 2632Sale 100 223,Sale 100 2232July 22 1011632July 100153jJuly 30 1011232July 6.046.000 101*si Sale 42.000 101 Hi Sale 1012632Sale 1012432Sale 101143,Sale 1011032Sale 1011632July 22 10 12332July 101 18s2July 20 1012532July 101**32Sale 100*43iSale 1042»j2Sale 103 Sale 102 3132Sale 107263aSale 102 432 Sale 102132 Sale 1061232Sale 100«aiSale 104 Sale 1022332Sale 102 July 102132 July 106432 July 10723j July 1022431July 104 July 15.000 100M 101 101 10 1= 100 M Sale 9.441.000 57.000 3.069.000 5.000 3.082.000 3.000 4,000 101M 101H 103 M 101M 103 % 101M l o i n 103 M 1,000 105 M 108M 105K 106 107 M 105 H 106 107 M 3.000 105 M 105 M 108 Sale 100 17,000 98 2.000 4,000 98 98M 100 105 105 % 100 99 M 97 M 98 M 32.000 105 11.000 105 2 0 ,0 0 0 2,000 89 _____ 104 H _____ 108M _____ 108M Sale 100M 12,000 107 M 107 M 107 July 2f 106M 107 M 107 M July ] 89 % 91 89 M 90 64 M -----367.000 102 60,000 81M 963.000 95 M 1.306.000 95 M 1,348.000, 1,417,000! 549.000 96 M 336.000 109 159.000 107 % 406.000 92 % 916.000 87 M 1.225.000 51.000 111 39.000 74.0001 I n " 100.000 102.000 451.000 356.000 103.000 311.000 98.000 189.000 364.000 606.000 66.000 161,000 102,000 260,000 68,000 191.000 24.000 130.000 326.000 76.000 539.000 45.000 57.000 442.000 177.000 273.000 70.000 131.000 410.000 1.042.000 18.000 176.000 502.000 611.000 496.000 646.000 1.141.000 1.218.000 2.319.000 280.000 74.000 80.000 290,000 2.606.000 1 102 M July 21 114 July 1 3,000 454.000 89 M July 21 90 % July 2t 103 M July 1,000 Sale Sale Sale Sale Sale Sale Sale Sale Sale 64 M 102 % 85 M 96 96 Sale 86 M Sale Sale Sale 98 M Sale 108M Sale 107 Vs Sale Sale 92 85 M Sale Sale 98 H IM 114M 114M 97 M 97 M Sale" 109 M Sale 94 M Sale 92 M Sale Sale 95 84 Sale 84 M Sale 96 M Sale 97 M Sale 82 % Sale 82 Sale 104 M Sale 106 M 106 M 96 Sale 98 % Sale 100 Vs Sale 100 Vs Sale 101M Sale 102 M Sale 102 Sale 102 M Sale l62 Sale Sale 104 98 M Sale 99 Sale 106M Sale 107M Sale 103 Sale 102 M Sale 99 Sale 101M Sale 107 Sale 107 Vs Sale 42 M 43 41M Sale 110 111 110M 110M 99 M Sale 98 ys Sale 99 M Sale 100 M Sale 94 M Sale 98 M Sale 98 96 M Sale 100 97 98 M 97 99 86 M Sale 89 89 M 96 M Sale 101M Sale Sale 98 M Sale Sale 98 M Sale 109 M 110 110 M Sale Sale 109 M n o 110 109 Sale 110 M Sale Sale 99 M Sale 103 101 102 M 102 M 102 M Sale 92 Sale 95 98 M Sale 101M Sale 99 Sale Sale 102 92 M 93 100 M Sale Sale 100 M Sale 93 103 M Sale 101 M Sale 98 M Sale 98 M Sale 91M Sale 89 M Sale Sale 91 90 M Sale Sale Sale 91 91 85 M Sale 86 M Sale 94 M Sale Sale 93 M Sale 97 102 % 86 M 96 96 95 M 99 M 99 108M 106 M 90 M 85 M 98 113M 97 M 109 M 94 % 95 Vs 83 M 97 M 82 M 106M 97 M 100 M 102 102 M 102 M 98 M 108 M 102 M 100 M 107 % 41M 109 Vs 97 M 98 100 98 99 99 89 M 100 M 100 99 M 112 111 110M 103 102 M 96 102 % 102 M 100M 100 % 102 99 M 90 M 89 M 89 M 86 93 M 96 M July 18 100% Jan. 100M Jan. 7 101M Jan. 101M Jan. 102 Feb. 108 M July 7 106 M E'eb. 105Vs Jan. 106M Feb. 108 July 1 105% Jan. 100 M July 16 98 Jan. 99 M July 6 98M Jan. 100 M July 16 98M Jan. 98 Jan. 98M Jan. 98M Feb. 98M Mar. 97 M Jan. 107 M July 1 106M Feb. .07 % July 16 105M Jan. 105 Jan. 90 July 28 89M Jan. Feb. 90 M July 20 90 101M Mar. 103 H July 1 102M Apr. 112M Mar. 102 M July 25 H IM Mar. 114 July 9 102 M July 76M Feb. 7 103 M July 99 M 99 M 90 M ____ 90 V s ____ 103 M Sale 101l4«jJan. 20 10n*,jJan. 5 1041*32Mar. 13 1014*32Mar. 31 1041432July 6 1001432Mar. 16 104 July 7 10027,iApr. 17 1031032July 103*32 July 1081232July 107 July 100 M July 25 101 102 M 103 M 103 M July 103 M 103 M 102 M 103 M 107 M 108 M 108M July 7 107 % 108 107 M 108 Sale 107 July 31 107 100 100 July 30 99 % July 6 100 July 22 100 M 99 Vs 100 _____ 99 M 100 ____: 99 M 99 M 105 Vs 107 M Sale 105 % 107 M Sale 89 % 29 22 30 21 30 7 101*i3 Jan. 14 10233tJune 12 100*‘ i2Jan. 13 101308iApr. 30 Sale 102M July 87 M 86 July Sale 95 M July Sale 95 M July Sale 95 M July Sale |99M July Sale 98 M July Sale 108 July Sale 106M July Sale 90 M July Sale 85 % July Sale 97 Vs July Sale 113M July 97 M 97 M July Sale 109 July Sale 94M July Sale 95 July Sale 83 M July Sale 97 Vb July Sale 81M July 107 106M July Sale 97 M July 100M 100 M July 102% 102 July Sale 102 M July Sale 102 July 99 98 July Sale 107 % July Sale 102 3 A July Sale 100 M July Sale 107 M July July 41M 41 110M 109 M July 99 M 98 M July Sale 97 M July 100 M 100 July Sale 97 Vh July 99 Vs Sale 99 July 89 Vs July Sale 100 M July Sale 99 M July 100 99 July Sale 110 July Sale 110 July Sale 110M July Sale 102 M July 102 M 102 M July Sale 94 M July Sale 101M July Sale 101 Ys July Sale 100 M July Sale 100M July Sale 101M July Sale 98 M July Sale 8914 July Sale 89M July Sale 89 M July Sale 85 M July Sale 93 M July Sale 96 M July 103 July 87 M July 97 July 96 M July 96M July 99 % 'July 99 M July 109 July 108 July 93 M July 87 July 98 M July 115 July 99 July July no 95 M July 96 M July 84 M July 98 M July 83 July 106 M July 98 M July July 101 103 M July 103 July 104 July 99 July 108M July 103 M July July 102 108M July 43 July 110M July 99 M July 99 July 100 M July 99 Vs July 29 13 14 13 6 10 3 30 30 10 July July July July July July July 110M July 105 July 102 Vs July 96 July 102 M July 102 H July July 101 101 M July 102 M July 99 Vs July July 91 90 M July July 91 87 July 94 % July 97 M July 23 28 3 24 25 24 20 2 20 6 17 8 13 11 10 6 20 8 2 1 7 8 1 99 M 90 % 102 101 100 M 112M 112 1 8 13 6 15 21 3 8 13 8 7 6 7 14 8 6 15 8 14 24 28 103>»32 uly 103*32 July 1081232July 108 July 1041432July 104 July M ay Jan. July Apr. M ay July M ay June July 100M July 99 M July 1003^ June 100M June 100 June 08 M Feb. 98 M M ar. June 9100 11 107 % July 19 107 M July 17 105 Jan. 20 90 M June 6 91 M ay 23 101M Mar. 6 103 M July 20 114M M ay 10 114 July 25 103 Feb. 11 . 76M Feb. 3H01M 17 100M 14 103 M 102 % 103 M 108 >2 107 M 108 108 2 2 7 7 6 7 5 17 7 1 4 7 15 4 1 16 6 16 19 17 6 2 12 1 16 17 2 18 23 1 6 9 15 11 101M Jan. 10 103 M Feb. 4 81M Apr. 23 88 M M ay 27 95 Jan. 2 M ay 25 94M Jan.. 26 97 M ay 25 95 M July 31 96 H July 15 22 99 M July 99 % July 21 93M Apr. 29 100 June 8 107 Feb. 3 110M Jan. 21 106M Apr. 30 109 % Feb. 5 90 M July 31 96 June 5 83M Mar. 31 88 M June 5 97 M July 21 98 M July 6 108M Mar. 11 June 12 95M Jan. 9 nd % June 5 108 Mar. 2 111M Jan. 13 94 M July 3 June 8 9 2 Jan. 2 97 M ay 26 80 Apr. 13 86 M ay 19 95 Apr. 21 99 M ay 28 80M Apr. 13 84 M Jan. 23 103M Apr. 1 107 M Mar. 2 95M Jan. 2 99 M June 9 1O0M Mar. 17 102 M Feb. 20 101M Jan. 14 103 M July 7 l02 Jan. 2 103 M Feb. 11 101M Jan. 2 105 M ay 20 96 Jan. 16 99 M ay 21 106M Jan. 2 109M May 6 102 Feb. 3 103M Jan. 6 98M Jan. 3 103 M ay 8 106M Mar. 10 109 M M ay 15 40 M June 26 48 M M ay 15 109M Jan. 5 H IM Jan. 23 95M Jan. 15 101M June 5 97M July 13 100 M June 11 99M Jan. 8 101M June 29 94M Jan. 6 100 M ay 14 95M Jan. 20 100 M June 11 93M Feb. 5 100 June 19 84 Jan. 22 90 H July 28 96M Jan. 2 102 July 3 98M Jan. 2 101M Feb. 9 97M Jan. 2 100M Feb. 10 109 Mar. 28 112 M July 24 109 Mar. 31 112 July 20 109 Jan. 2 111 Jan. 9 99M Jan. 2 105 July 20 101 Feb. 18 103 M M ay 14 92 Jan. 2 96 July 17 98M Jan. 2 103 M M ay 29 98M Jan. 2 103M M ay 29 93M Jan. 4 101 M M ay 29 92M Jan. 5 101M June 29 98M Apr. 15 104 M Jan. 7 93 Apr. 11 101M Jan. 14 86 Apr. 13 92 M Jan. 2 86 M Apr. 8 92 M June 5 85MlMay 11 92 M June 5 83M Apr. 3 89 M June 15 93 H July 20 97 M June 91M Apr. 271 98 June 14 [V ol. BONDS-STOCK EXCHANGE EECOED BONDS N. 7 . STO C K EXCHANGE. Sales in July. •5&H Par Value. F oreign G ov’ t Securities— (Concl. Grt Brit & Ire., 20-year.5J4s.1937 Registered___________________ 10-year conv 534 s___________1929 Registered___________________ Greater Prague 7J4s o f 1922___1952 M N Greek Govt 7s interim rets____ 1964 M N Haiti (Rep of) Oust s f 6s_____1952 A O Hungary (King of) s f 734s__ 1944 F Indus Bk o f Japan 6% notes. .1927 P Japanese Govt sterling In 4 s . .1931 J Ext s f 6J4s.................. 1954 F Oriental Development 6s____ 1953 M Lyons (City of) 15-year 6s____ 1934 M N Marseilles (City) 15-yr 6s_____ 1934 M N Mexican Irrig 4 34s____________1943 Assenting s f 434s___________1943 Mexico (U S) extl 5s e f 1899JE-.1945 Q J Assenting 5s o f 1899________ 1945 Assenting 5s large____________ Assenting 5s small___________ Gold debt 4s o f 1904.............. 1954 J D Assenting 4s o f 1904__________ Assenting 4s o f 1904 large____ Assenting 4s o f 1904 small___ J J Assenting 4s o f 1910__________ Assenting 4s o f 1910 large-----Assenting 4s o f 1910 small___ Treas 6s o f 1913 assent (large) ’33 J J Small_________________________ Montevideo s f g 7s__________ 1952 J D Netherlands s f 6s Flat________ 1972 M S 30-yr ext s f 6s_____________1954 A O Norway ext s f 8s_____________ 1940 A O 20 yr extl s f 6s_____________ 1943 20-yr extl s f 6 s ____________ 1944 30-yr extl s f 6s_____________ 1952 40-year s f 634s temp-----------1965 Panama (Rep) 30-yr s f 5J4S..1953 Peru (Rep) ext) 8s___________ 1944 (Rep of) g 6s----.1940 A O External 8 f 8s interim ctfs_1950 J J Porto Alegre (City of) 8s_____ 1962 J D Queensland State ext s f 7 s ___1941 A O 25-year extl 6s_____________ 1947 F A Rio Grande Do Sul extl 8s___1946 A O Rio de Janeiro 25-yr s f 8s____ 1946 A O 25-year extl s f 8s_________ 1947 A O Rotterdam (City) ext 6s_____ 1964 M N El Salvador (Rep) 8s________ 1948 J J San Paulo (City) s f 8s______ 1952 M N San Paulo (State) ext s f 8s__1936 J J External s f 8s temp ctfe___ 1950 J J Seine Dept (Prance) 20-yr 7s_1942 J J Serbs, Croats & Slovenes 8s__1962 M N Solssons (City) 15-yr g 6s____ 1936 M N Sweden (Kingd) 20-yr 6s_____ 1939 J D Extl g 51£s .............................1954 M N Swiss Confederation s f 8s____ 1940 J J Switzerland (Govt) ext 5J4s___1946 A O Tokyo City loan o f 1912 5s_________ M S Trondhjem (City) ext 634s____ 1944 J J Uruguay (Rep) external 8s____ 1946 P A Zurich (City of) s f 8s________ 1945 A O R ailroad B onds Ala Gt Sou 1st cons 5s A _____ 1943 J D Ala Midland 1st gu g 5s............1928 M N Alb & Susq conv 3)4s_______ 1946 A O Allegh & West 1st g gu 4s____ 1998 A O Alleg Valley gen gu g 4s______ 1942 M S Ann Arbor 1st g 4s_______ July 1995 Q J Atch Top & S P gen g 4s_____ 1995 A O Registered_________________1995 A O Adjustment g 4s_______ July 1995 N o v Stamped____________ July 1995 M N Registered__________________ M N Conv g 4s o f 1909__________1955 J D Conv g 4s o f 1905................. 1955 J D Conv g 4s o f 1910__________1960 J D East Okla div 1st g 4s-------- 1928 M S Rocky M t div 1st 4s A ____ 1965 J J Short Line 1st 4s gold-------- 1958 J J Cal-Ariz 1st & ref 4)4s........ 1962 M S Registered____________________ M S Atl Knox & Cin div g 4s_____ 1955 M N At) Knox & No 1st g 5s.......... 1946 J D Atl & Char A L 1st 434s A ___ 1944 J J 1st 30-year 5s ser B ________1944 J J Atlantic City 1st cons g 4s-----1951 J J Atl Coast L 1st cons 4s____July 1952 M S 10-year secured 7s_________1930 M N General unified 4 )4s------------1964 J D L & N collat gold 4s_____Oct 1952 M N Atl& Danville 1st g 4s_______ 1948 J J Second 4s__________________1948 J Atl & Yadkin 1st gu g 4s-------- 1949 A Austin & N W 1st g 5s________1941 J Balt & Ohio p i g 334s------------ 1925 Registered______________________ 1st g 4s________________ July 1948 Registered-------------------------- Convert 434 s----------------------- 1933 Refund & gen 5s ser A ___ 1995 1st gold 5s int ctfs_________ 1948 10-year 6s---------------------------- 1929 R ef and gen 6s, series C ------1995 Pitts Jet & M D 1st g 334s._1925 M N P L E & W Va Sys ref g 4 s . . 1941 M N S W Div 1st g 3 )4s------------ 1925 J J Southw Div 1st 5s---------------- 1950 Tol Cin D iv 1st & ref 4s------1959 Battle Creek & Sturgis gu 3S..1989 Beech Creek 1st gu 4s------------- 1936 Registered_____________________ Beech Creek ext 1st g 334s------1951 Big Sandy R y 1st 4 s . . . ..... --1944 Boston & N Y Air l ine 1st 4 s .. 1955 Brunsw & Western 1st gu g 4s... ’38 Buff Roch & Pitts gen 5 s ...........1937 M S Consol 4J4s-------------------------195 M N Registered_________________ - M N Burl Ced Rap & Nor 1st 5s------1934 A O Canada Sou con gu 5 s . . . - — -1962 A O Canadian Nat 4J^s Sept. 15 1954 M S Canadian No deb s f 7 s ...........1940 J D 25-year deb s f 6 H s g — ------ 1946 Canadian Pac 4% deb s t o c k ..- - - - Carb & Shaw 1st g 4 s .------------- 1932 Caro Cent 1st cons g 4 s --------- 1949 Caro Clinch & Ohio 1st 5s--------1938 1st & con g 6s series A --------- 1952 Cart & Ad 1st gu g 4 s -----------1981 Cent Br Un Pac 1st g 4s--------- 1948 Cent N E 1st guar 4s — -------- 1961 O O Reorg 1st con g 4J*s -1930 M S C6nt o f Ga R y 1st g 5s------N ov 1945 F A Consol gold 5s--------------------- 1945 M N MN Registered---- j - c " 10-yr 6% secured bonds------ 1929 J D R ef & gen 5 )4s series B temp. 1959 A O Chat Div pur money g 4S-..1951 J D M ac & Nor Div 1st g 5s----- 1946 J J Price Jan. 2 1925. RANGE SINCE JAN . 1. PRICES I N JULY. July 1. July 31. Lowest. 121. Highest. Lowest. Highest. Sale Prices. Bid. Sale Prices. Ask. Bid. Ask. Bid. Ask Sale Prices Sale Prices. 971.000 105 Sale 10454 Sale 105 Sale 10454 July 2 10554 July 17 10454 July 2 107)4 M ay 20 1,000 104 July 6 104 July 6 104 July 6 105 Mar. 9 408.000 116)4 Sale 11654 Sale 117)4 Sale 11654 July 6 117)4 July 21 115)4 Mar. 3 118)4 M ay 20 115)4 Mar. 24 11734 M ay 16 89 Mar. 31 95) 4 July 2 212,000 90 Sale 93 Sale 94)4 Sale 92)4 July 95)4 July 83 Apr. 9 88)4 Jan. 13 85 July 261,000 88 34 Sale 8554 Sale 86)4 Sale 86)4 July 91)4 Jan. 8 96) 4 June 5 Sale 96 July 493.000 92 96 34 Sale 96)4 Sale 9634 July 87 Apr. 21 9454 June 12 92 Sale 776.000 89 54 Sale 94 July 93)4 Sale 91 54 July 9854 Jan. 5 100 M ay 19 404.000 9854 99 100 July 9954 Sale 9954 July 9934 Sale 81 Mar. 27 84)4 June 10 561.000 82 M Sale 83 34 July 84 July 8354 Sale 8354 Sale 90 Mar. 31 95 June 10 2,015,000 9034 Sale 93)4 Sale 92)4 Sale 92)4 July 94)4 July 85 July 117.000 84 34 Sale 86 July 16 83)4 Mar. 30 87)4 M ay 8 8534 Sale 8554 85)4 176.000 85 Sale 8434 Sale 8354 Sale 8354 July 8454 July 3 8054 Apr. 13 86)4 Jan. 6 84 Sale 100.000 84 Sale 85 July 7 8254 Apr. 13 86 M ay 19 83)4 Sale 8354 July 16 July 14,000 18 20 Sale 17 19)4 16 8654 July 16 16 July 21 24 Jan. 20 23 Jan. 19 24 Jan. 21 38 M ay 28 45)4 Jan. 20 39 40 50 40 Jan. 22 July 24 41 87,000 33 )4 Sale 31 July 24 33)4 July 16 31 33)4 Sale 3154 36 Apr. 15 40 Jan. 22 35 Jan 10 37)4 M ay 1 4,000 23 18) 4 19)4 1954 July 14 1954 July 14 19) 4 Apr. 24 25 Jan. 19 1834 ____ 48,000 20 18)4 July 25 20 54 July 6 1834 Mar. 6 26 June 12 1954 Sale 19) 4 Sale 1954 June 19 2634 Jan. 12 20 Apr. 17 2454 -May 11 20) 4 June 15 2434 M ay 5 22 23 V» 2134 2254 20)4 2054 22 July 60,000 22)4 Sale 2354 July 13 22 July 9 3054 Jan. 21 182,000 21 1934 July July 24 1954 June 15 28)4 Jan. 22 20)4 Sale 20)4 Sale Jan. 21 59.000 37 Sale 37 July 1 33 July 13 43 35)4 3654 33 July 57.000 34)4 July 3534 July 14 34)4 July 24 43 Jan. 21 144.000 89 Sale Sale 9534 July 96 9634 July 28 88 Jan 10 9654 June 17 95)4 Sale 328.000 104 Sale 106)4 Sale 108 Sale 105)4 July 108)4 July 15 10254 Mar. 6 10834 July 15 846.000 100)4 Sale 103) 4 Sale 103) 4 Sale 102)4 July 10434 July 13 10034 Jan. 2 104) 4 M ay 16 192.000 11254 Sale 11054 Sale 11054 Sale 110)4 July 111)4 July 13 110)4 Mar. 17 11334 Jan. 13 295.000 98 H Sale 100J4 Sale 10054 Sale 100 July 101 July 31 9734 Jan. 3 10134 M ay 28 584.000 98 Sale 100 34 Sale 100)4 Sale 100 July 10054 July 16 97)4 Jan. 2 10154 M ay 28 377.000 9734 Sale 10054 Sale 10134 Sale 100)4 July 10134 July 28 9734 Jan. 2 101)4 M ay 27 1.771.000 9454 July 97 July 6 9454 July 31 97) 4June 2 96)4 Sale 95)4 Sale 99)4 June 19 104 M ay 27 706.000 100)4 Sale 102)4 103)4 10054 Sale 10054 July 103 July 97) 4 Apr. 2 10254 Jan. 30 103.000 99 54 Sale 10054 Sale 100)4 Sale 100 July 10054 July 97.000 73 Sale 6654 Apr. 18 79 Peb. 7 6934 July 7054 July 70 H Sale 69)4 Sale 87 M ay 19 9554 Peb. 10 1.081.000 Sale 88 8754 July 9034 Sale 9034 July 237.000 94 X 9654 July 15 94 Apr. 24 9654 July 15 95)4 Sale 9534 96)4 95)4 July 60.0001 109 H Sale 111 112 )4 July 7 109 Jan. 8 11254 M ay 23 11154 11054 Sale 110)4 July M ar. 5 73.000 101)4 Sale 10434 Sale 105 107 July 31 101)4 Jan. 2 112 10654 104 July 89.000 94 X 95 9554 July 9634 Sale 9554 Sale 9634 July 31 94 Apr. 16 105) 4 M ar. 6 M ar. 3 94 July 118.000 94 34 Sale 95)1 July 1 93 Apr. 28 98 95)4 Sale 9454 Sale Peb. 2 122,000 93 9334 July Sale 93)4 Sale 9454 Sale 95)4 July 8 92 Apr. 1 96 Sale 102)4 July 192.000 100J4 10034 102)4 Sale 103 104 July 15 100 Mar. 30 104) 4 June 8 Jan. 16 106) 4 June 17 Sale 10434 Sale 104 July 114.000 103 X Sale 105 106 July 26 103 Mar. 30 101 Jan. 5 July 7 97 95 22.000 9934 Sale 100 9534 9954 100)4 9954 July 64.000 101 104 July 17 100 Mar. 27 104 June 19 Sale 103 34 Sale 102)4 Sale 10254 July 9934 Apr. 1 10034 July 3 9934 July Sale Sale 154.000 July 3 10034 100)4 9954 Jan. 31 87)4 July 312.000 90 Sale 88)4 Sale 8834 July 6 82)4 Apr. 13 91 8754 Sale Mar. 16 415.000 8634 Sale 8734 July 89 July 22 84 Apr. 25 90 88) 4 Sale 8834 Sale 182.000 85 Sale 84 85 July 2 82 Apr. 22 87 M ay 25 84)4 84 8454 84)4 July Apr. 13 105) 4 June 13 80.000 104 )4 Sale 104) 4 Sale 104) 4 10454 104 July 105)4 July 20 103 362.000 9854 Sale 10034 Sale 10034 Sale 100)4 July July 16 98) 4 Jan. 510154 M ay 28 101 Mar. 27 117 Jan. 5 Sale 11554 July 703.000 11634 Sale 11554 Sale 116 11654 July 13 113 Sale 10154 Sale 101 54 July 544.000 10034 Sale 102 10254 July 8 98)4 Jan. 2 10454 M ay 27 69 67)4 July 68 370.000 6634 Sale 67)4 Sale 6854 July 2 67)4 July 15 6834 June 19 Jan. 2 10154 June 13 57.000 9734 Sale 9954 Sale 100 10054 9934 July 100)4 July 21 97 Sale 10934 Sale 10854 July July 6 106)4 Jan. 13 11034 Apr. 22 65.000 10634 Sale 109 100 81.000 11054 Sale 11054 Sale 10834 Sale 107)4 July 11054 July 1 10734 July 27 111)4 Feb. 3 $ 19.000 10054 102 8,000 101 _____ 16.000 82)4 82)4 1,000 8334 85 91 92 331.000 64 64)4 711.000 88)4 Sale 13.000 4,000 82 8254 86.000 8254 Sale 7954 7,000 81) 4 8234 21,000 8154 Sale 80)4 2,000 9754 99 3.000 8334 84)4 3.000 86 8734 26,000 92 9254 88)4 19,000 88) 4 8934 10154 13.000 9634 9634 40.000 102) 4 102)4 2,000 82) 4 238,000 89) 4 8934 78.000 10734 Sale 55.000 91 9154 67.000 86 8654 31.000 76)4 77 9,000 62)4 63 42.000 74 77)4 2 0 .0 0 0 98) 4 99 99) 4 Sale 100 9954 452.000 8634 Sale 11,000 84)4 85)4 725.000 89)4 Sale 413.000 8554 Sale 753.000 10034 Sale 382.000 103) 4 Sale 543.000 101)4 Sale 6,000 99)4 100 210.000 8354 Sale 9954 Sale 1,622,000 33,000 6854 69)4 5 8 )4 ------3.000 9234 93)4 1.000 90 ------2,000 7654 80 86 14.000 85 20.000 65)4 67)4 1,000 9154 93 ----7.000 102 306,000 88)4 Sale 10054 100)4 83)4 8234 91)4 73 9054 Sale 10154 8454 85 9334 Sale Sale ____ 85 84)4 84)4 80 ------8454 86 8034 9834 '99)4 8334 87)4 94)4 9554 92 §154 102)4 103 97 10254 Sale 8434 92 ) 4Sale 10734 108 93) 4 9354 8754 8854 78)4 Sale 68 68)4 79 78 100 34 102 99)4 100)4 90)4 Sale 87 93)4 Sale Sale 91 Sale 103 103)4 Sale 103)4 Sale 99)4 8754 Sale 99)4 100 9834 Sale 7554 Sale 60)4 6434 93 96)4 90 34 80)4 8754 Sale 6954 Sale 93)4 10054 103 87)4 87)4 8254 3,000 9954 100)4 100)4 89.000 10034 10054 10254 10334 11.000 101,000 162,000 615,000 1,000 140.000 133,010 5.000 26,000 1.000 5,000 68,000 105,000 79,000 5.000 3.000 10054 July 10154 10054 July 83 July 87 83 34 July 93)4 Sale 72)4 July 89 July Sale 88 July 8234 83) 4 84 July Sale 8234 July 83 82 80 82 Vs 84) 4 8334 July 82)4 July 82 H Sale 81 98 July 9834 99 83)4 July 83)4 86 88 July 865s 90 9134 9554 9234 July 91 8954 July 102)4 97)4 July 97 34 Sale 102)4 July 102)4 103 85 89)4 85)4 July 91)4 9154 91)4 July 10734 10754 107 July 9154 93)4 9334 July 85 54 July 85 K Sale 76 78)4 7754 July 67 6854 67)4 July 7654 July 72)4 Sale 100)4 July 99)4 102 10034 10134 82) 4 83) 4 89) 4 7434 89)4 87 86 92 90 100)4 102 102)4 99 8534 96 71 60)4 93 90 34 7754 8754 Sale 89 Sale Sale Sale Sale Sale Sale Sale 73)4 6434 95)4 95 7954 87 87 . 92 * 8954 10034 10254 10134 9954 8534 July July July July July July July July July 9554 July 74)4 July 9334 July 9034 July 80 34 July 87 54 July 68 6734 July 70 9334 July 90 10054 10154 10054 July 85)4 July 8534 Sale 82 54 10034 10054 10034 July 100)4 102 54 10154 July 93 54 9354 July Sale 116 July 116 11554 Sale 11634 117 Sale 116)4 July 116)4 Sale 117)4 Sale 117 79)4 July 80) 4 Sale 79)4 Sale 80) 4 Sale 9254 92)4 92 94 81) 4 82)4 81 M July 82 84 81) 4 100)4 101)4 101)4 10154 10134 Sale 10054 July 10654 Sale 107)4 Sale 10754 Sale 107)4 July 84 87 8254 85)4 85)4 88 7754 July 80 7634 80 74 54 7554 78 6554 66)4 6554 July 64 64)4 68)4 Sale 99 July 99 9654 99)4 99 108 102 54 108 10254 July 10134------- 102 10154 102 10154 10234 10134 July 9934 100 9734 10034 9634 99 103 jSale 10334 10354 103)4 Sale 103 July 101)4 July 99 Sale 10234 Sale 102 8534 July 85 34 '87" 87 83 ......... 86 99 34 July 99 9854 ......... 99 102 10134 83 % 83)4 July July July July 7554 91 88)4 84 84)4 July July July July July 85 July 8534 July 9954 83)4 88)4 9554 July July July July 15 91)4 July 30 9734 17 102)4 13 85 )4 24 9334 3 108 2 94)4 31 88)4 l! 78)4 27 68 30 79)4 8 100)4 July July July July July July July July July July July 90)4 8734 93)4 92 34 103 54 103)4 10354 9954 July July July July July July July July July 9854 July 76 July 93 34 90)4 8034 88)4 6954 9334 101)4 87)4 July July July July July July July July 100)4 July 10254 July 93 54 July 11754 July 117)4 July 8054 July 8134 July 101)4 July 107)4 July 78 6854 99 10254 10234 July July July July July 10354 103 85)4 100 July July July July 13 10054 Peb. 13 10054 July Feb. 23 82 15 8134 Feb. Jan. 91 24 64 Jan. 1 88) 4 Jan. 17 86)4 Apr. 30 81) 4 Jan. 2 1 82) 4 July 79)4 Apr. 8154 Jan. 8134 Jan. 8134 Jan. 20 98 Jan. 28 8 3 ) 4 July Jan. 7 86 Mar. 2, 92 9154 Jan. 18t 8854 Jan. 102)4 Mar. Feb. 30 95 Jan. 23 102 3 85)4 M ay 10 89 Jan. 6 10554 Mar. 13 90)4 Jan. 6 85)4 July 1! 7654 Ja n . 21 6254 Jan. 3 75 Ja n . 8 9854 Mar. 99)4 Jan. 9954 Jan. 2 8554 Jan. 28 8534 Jan. 1 89) 4 Jan. 9 8554 Jan. Jan. 2 100 3 10254 July 1 10054 Jan. 15 9954 Jan. 2 8354 Jan. 9954 Mar. 9554 July 68)4 Jan. 6054 Jan. 11 92)4 Jan. 3 90) 4 July 7 78)4 Feb. Jan. 15 85 1 67 Jan. Apr. 13 93 7 100)4 June 2 8054 Apr. 82 Apr. 9 9954 Jan. 3 ino 34 Jan. 20 9354 July 7 115 Jan. 1 116 Jan. 23 79 Jan. Jan. 93 3 7354 M ay 7 100 Apr. 17 105)4 Jan. 84 Jan. 22 74 54 Jan. 7 6434 Jan. 2 9734 Jan. 8 10154 Jan. 9 99)4 Jan. 98 Apr. Jan. 6 103 1 99 Jan. Peb. 25 84 17 9934 July 102 July 10154 Apr. 84) 4 June 8334 M ay 94)4 June 75 H July 9254 M ay 9054 M ay 85 June 8534 M ay 80) 4 Apr. 85 June 85) 4 July 83)4 Peb. 100 Apr. 8754 June 89 June 95 H July 9154 Jan. 9254 M ay 103 Apr. 25' 98)4 M ay 28 10354 M ay 26 8534 M ay 271 94)4 Apr. 19 108 Feb. 8 95 June 89) 4 June 80 Apr. 70)4 Mar. 80 M a y 27 100)4 July 2 100)4 Feb. 99)4 Apr. 92 34 M ay 9034 M ay 94)4 M ay 9234 July 104 M ay 104)4 M ay 10454 M ay 9954 Jan. 90) 4M ay 10034 Apr. 99)4 M ay 80 M ay 6254 May 9334 Feb. 9034 July 81) 4 Mar. 88 34 July 7334 Apr. 94 M ay 102)4 Apr. 8834 Jan. 8534 Mar. 100) 4 Mar. 10354 M ay 93 54 July 11754 Feb. 11854 M ay 81 June 93)4 M ay 83)4 Jan. 101) 4 July 10834 M ay 84 Jan. 80 M ay 70)4 M ay 99 M ay 10254 Peb. 10234 June 100J4 M ay 10454 Mar. 103 May 8634 June 100 Jan. 13 17 9 15 11 24 25 13 15 25 22 3 8 17 29 5 5 2 12 27 23 25 13 26 28 11 18 10 22 19 19 8 11 21 5 13 27 9 5 28 14 14 6 1 15 20 20 5 3 11 15 21 22 29 2 9 4 13 20 14 12 1 7 29 7 11 9 11 25 26 4 11 16 16 25 20 12 A ug ., 1925.] BONDS N. Y. STOCK EXCHANGE. Oen R R & Bkg o f Ga col g 5s._193^ M N Central o f N J gen g 5s_______ 198 J J Registered______________________ J Cent Pac 1st ref gu g 4s______ 1949 A M tg gu g 334s-------------- Aug 1929 D Through St L 1st gu g 4s___ 1954 J Charles & Sav 1st g 7s________ 1936 O Ches & O gen fnd & imp 5s___ 1929 J 1st cons gold 5s____________1939 M N Registered_______________ 1939 M N General gold 434s___________1992 M S Registered____________________ F A Convertible 434s____________1930 F A Conv secured 5s____________1946 A O Registered___________________ A O Craig Valley 1st g 5s_______ 1940 J Potts Creek Br 1st 4s_______ 1946 R & A Div 1st con g 4s______ 1989 R & A Div 2d con gold 4s____1989 Warm Spring Val 1st g 5 s . . . 1941 Chic & Alt RR ref g 3s________ 1949 Registered_________ _____ Ctfs o f dep stmpd Oct '24 int Ctfs o f dep stmpd Apr ’25 int Chic & Alt Ry 1st lien g 354s__ 1950 J J Ctfs dep coup Jan 1923 on ______ Chic Burl & Q 111 Div 334s_____1949 J J Registered_______________ 1949 J J Illinois Division 4s__________1949 J J Nebraska Extension 4s______ 1927 M N General 4s_________________ 1958 M S Registered___________________ M S 1st & ref 5s Ser A ____________ 1971 F A Chicago City & Conn Ry 5s____1927 A O Chic & E 111 1st cons g 6s______1934 A O Chic & E 111 (new co) gen 5s__ 1951 M N Chic & Erie 1st gold 5s________ 1982 M N Chic Gt West 1st 50-yr 4s_____1959 M S Chic Ind & Lou ref g 6s_______ 1947 J J Refunding gold 5s___________1947 J J Refunding 4s Series O ______ 1947 J J 1st & general 5s Ser A _______ 1966 M N 1st & gen 6s Ser B _____M ay 1966 J J Ind & Louisv 1st gu 4s______ 1956 Chic Ind & Sou 50-yr 4s______ 1956 Chic L S & East 1st 434s______ 1969 D O M & Puget Sd 1st gen 4s___ 1949 J Chic M il & St P gen g 4s.M ay 1989 J Gen g 3 34s Ser B ______ M ay 1989 J Gen 434s Ser C _______ M ay 1989 J Gen & ref Ser A 434s-...Jan 2014 O Gen ref conv Ser B 5s..Jan 2014 A 1st sec gold 6s______________ 1934 J Convertible 434s____________ 1932 D 4 s ..............................................1925 D 4s---------------------------.1934 J Ch & M o Riv Div 5s________ 1926 J Oh & N W extens 4s_____1886-1926 A Registered__________1886-1926 A General gold 334s___________1987 MN Registered___________________ M N General 4s_________________ 1987 M N Stamped non-payt inc tax. 1987 M N General 5s stamped________ 1987 M N Sinking fund 6s_______ 1879-1929 A O Registered_________ 1879-1929 A O Sinking fund 5s_______ 1879-1929 A O R egistered__________1879-1929 A O Sinking fund deb 5s________ 1933 M N Registered_______________ 1933 M N 10-year secured 7s___________1930 J D 15-year secured 6 34s________ 1936 M S 1st & ref g 5s-------------- M ay 2037 D Chic R I & Pacific gen g 4s____1988 J Registered_______________ 1988 J Refunding gold 4s___________1934 A O Registered___________________ A O Chic St L & N O gold 5s . ...........1951 D Registered_______________ 1951 D 1951 Gold 334s________ D Memphis Div 1st g 4s______ 1951 D Ch St L & P cons g 5s__________1932 O Registered_____________________ O Chic St P M & Om cons 6s____1930 D D Cons 6s reduced to 334 s_____1930 Debenture 5s_______________ 1930 M S Stamped_____________________ Chic T H & S’east 1st 5s______1960 D Income guar 5s______ Dec 1 1960 M S Chic Un Sta 1st g u 4 ^ s A ____1963 J 1st 5s Series B ______________ 1963 J Guaranteed gold 5s__________1944 D 1st 634s Series O ____________1963 J Chic & W I gen g 6s______ Dec 1932 Q M Consol 50-year 4s___________1952 1st & ref 534s series A ______1962 M S Choc Okl & G consol 5s............ 1952 M N Cin Ham & Day 2d g 434s____ 1937 J J Cin I St L & O 1st 4s_____Aug 1936 Q F Registered ___________ Aug 1936 Q F Cin L & N 1st con gu g 4s____ 1942 M N Cin S & Cl cons 1st g 5s_______1928 J J O C C & St L gen g 4s________ 1993 J D 20-year debenture 434s_____1931 J J Gen 5s Series B ____________ 1993 J D Ref & imp 6s Series A _______ 1929 J J R ef & imp 6s Series C _______ 1941 J J Ref & imp 5s Ser D _________1963 J J Cairo Div 1st gold 4s_______ 1939 J J Cin W & M Div 1st g 4s____1991 J J St L Div 1st coll trust g 4 s . .1990 M N Registered______________1____ M N Sp & Col Div 1st g 4s............1940 M S W W Val Div 1st g 4s...........1940 J J Olev Col C & Ind 6s............... 1934 J J Clev Lor & W con 1st g 5s____ 1933 A O Clev & Mar 1st gu 434s_______ 1935 M N Clev & Mahon Val g 5s_______ 1938 J J Clev & Pitts Series A 414s____ 1942 J J Series C 334s_______________1948 M N Series D . . . ................. ........... 1950 F A Clev Short Line 1st gu 434s__ 1961 A O Clev Un Term’ls 1st s f 534S--1972 A O 1st s f g 5s Ser B ___________ 1973 A O Coal Riv Ry 1st gu 4s_________1945 J D Colo & Southern 1st g 4s______ 1929 F A Refunding & ext 414s_______ 1935 M N Col & Hock Val 1st ext g 4s___ 1948 A O Col & Tol 1st ext 4s__________ 1955 F A A O Conn & Pas Rivs 1st g 4s______1943 A Cuba RR 1st 50-yr 5s g -----------1952 J J 1st & refund 714s Ser A ___ 1936 J D Cuba North Rys 6s stmpd___ 1966 J J Day & M ich 1st con 414s______ 1931 J J Del & Hud 4s___________ .1943 M N 10-year convertible 5s______ 1935 A O 15-year 514s----------------------- 1937 M N 10-year secured 7s___________1930 J D D R R & Bdge 1st gu 4s g _____ 1936 F A Den & R G 1st cons g 4s______ 1936 J J Consol gold 4 14s____________ 1936 J J 15 BONDS—STOCK EXCHANGE RECORD Sales in July. Par Value, Price Jan. 2 1925. Bid. Ask 95 96 108 Sale 10614____ 87 54 Sale 9554 Sale 8634 8614 116 34 ------9954 ------10254------- RANGE SINCE JAN. 1. PRICES I N JULY. July 1. July 31. Lowest. Highest. Lowest. Highest. Sale Prices. Sale Prices. Prices. 55.000 July 3 95 Jan. 12 98 34 July 3 34.000 July 13 10734 Jan. 27 110 June 1 July 14 10634 Feb 10 10854 July 14 6.000 July 3 8654 Feb. 26 90 M ay 26 220.000 5,000 July 24 9534 Jan. 23 9634 Apr. 24 July 16 8'54 Apr. 3 8954 May 20 20.000 11234 Feb. 4 11754 Jan. 30 9854 Mar. 11 102 June 9 July 25,000 100 July 29 101 101 July 7110334 Jan. 19 July 7 10354 July 101,000 101 10054 M ay 26 10234 June 16 93 June 10 90 July 23 9154 July 8734 Jan. 164.000 8814 Sale 9034 June 2 8534 Jan. 1,000 8514 Sale 9034 July 7 9034 July Sale 9454 Jan. 9834 June 4 472.000 95 9754 July 1 9834 July 10934 Jan. 10 10134 Apr. 1,305,000 10614 Sale 10454 July 14 10634 July 103 54 Feb. 18 10634 Feb. 7 4.000 9714 Sale 9834 9954 9854 9934 9854 July 6 99 54 July 3 9734 Jan. 2 9954 Jan. 8 82 84 7.000 81 83 83 34 July 27 85 July 20 82 34 Jan. 29 85 July 20 81 M ay 21 8534 July 14 6.000 8314 84 8534 July 8 8534 July 14 82 8534 8254 8134 83 July 20 7934 Mar. 11 83 July 20 27,000 78 81 34 July 9 83 8134 4,000 9654 9834 83 9834 July 15 9834 July 15 95 34 M ay 25 9834 June 17 9814 Jan. 8 66 Feb. 6 160,000 62 34 Sale 64 6454 6354 6414 6334 July 23 6454 July 7 62 6034 Jan. 30 6034 Jan. 30 6014 6234 58 54 Jan. 6 62 July 2 6254 Feb. 25 17.000 5854 ------6134 July 27 6 1 5 4 ____ 6034 6134 14.000 6914 6334 60 34 July 29 60 54 July 10 60 M ay 20 6234 Feb. 3 6054 62 July 7 4434 Jan. 19 5834 Feb. 6 437.000 4514 Sale 49 Sale 4854 Sale 4834 July 1 51 59.000 4554 Sale 4714 4834 47 July 16 5034 July 7 45 Jan. 16 5554 Feb. 13 54.000 81 54 Sale 84 8534 84 July 25 76 July 1 81 34 Jan. 6 8634 M ay 14 8534 Sale 81 84 8014 8114 81 8454 Apr. 24 84 54 Apr. 24 84 105.000 8814 Sale 9154 Sale 9054 9114 9054 July 29 9254 July 3 8834 Jan. 2 9434 Apr. 28 Jan. 14 100 Feb. 2 76,000 9914 Sale 9934 July 20 100 July 1 99 9954 Sale 9954 Sale 261.000 8714 8834 9034 Sale 8834 July 30 9054 July 6 8834 Jan. 7 9234 M ay 5 8854 90 8954 Feb. 27 8954 Feb. 27 87 _____ 198,000 10114 Sale 102 Sale 101 54 Sale 10154 July 1 10254 July 8 10134 M ay 10334 June 11 56 36,000 55 4534 July 24 4734 July 10 4534 July 24 63 Mar. 4 4654 48 4714 48 10614____ 104 10534 Jan. 23 10734 Feb. 4 10714 10454 10634 783.000 7514 Sale 74 54 Sale 7354 July 31 76 July 13 7354 July 31 7954 Feb. 5 7354 Sale 31.000 9 9 14------ 10134 Sale 10134 Sale 101 July 27 102 July 6 9934 Jan. 3 10234 June 18 63 Sale 893.000 60 Sale 63 July 31 6554 July 6 59 54 Jan. 5 6834 M ay 25 65 Sale 22.000 10934 111 11134 112 34 11134 11234 11134 July 15 112 34 July 15 10934 Apr. 7 11234 June 20 1,000 9934 100 10014 Sale 9954 ------ 10034 July 1 10034 July 1 9934 Jan. 9 10034 June 27 Mar. 31 ____ 8554 87 8554 Jan. 14 87 87 _____ 87 Feb. 10 9234 June 26 51.000 8734 Sale 9154 July 29 9234 July 16 87 9 1 54 92 34 102 54 103 45.000 10114 10214 10254 Sale 10254 Sale 102 34 July 13 103 July 1 101 June 16 104 M ay 28 78 3.000 77 7954 July 30i 79 54 July 23 7734 Jan. 23 7934 July 23 79 8034 7954 Sale 18.000 8614 . . . ------ July l 1 8634 Jan. 7 88 Apr. 28 8814 Sale 8754 8834 8754 July 15 8834 5.000 92 34 95 96 _____ 93 34 -----9354 July 16 93 54 July 16; 93 34 Feb. 6 93 54 Feb. 28 479.000 5434 5654 4714 Sale 46 July 16 49 July 8 43 34 M ay 1 5834 Mar. 6 4734 Sale 113.000 73 34 Sale 80 Sale 80 Sale 7834 July 10 8034 July 3 7034 Mar. 18 8034 June 15 5.000 63 34 64 68 ___ 69 ____ 69 July 21 70 July 1 6234 Mar. 13 70 June 17 112.000 8214 Sale 70 Sale 8754 8834 8754 July 28 9034 July 7 7734 Mar. 11 9254 June 15 Sale 649.000 53 49 Sale 4834 Sale 4734 July 17 50 July 27 4334 Mar. 20 5434 June 2 Sale 351.000 57 49 Sale 48 50 4754 July 22 50 July 27 4434 Mar. 20 5854 Feb. 28 268.000 9914 Sale 103 Sale 10354 Sale 103 July 10454 July 15 9634 Mar. 12 10454 July 15 Mar. 19 6034 Jan. 7 636.000 5934 Sale 49 Sale 4734 July 14 50 July 27 44 4834 Sale 582.000 7654 Sale 49 Sale 4854 Sale 4734 July 17 50 July 27 46 Apr. 20 7834 Jan. 7 Mar. 19 56 34 Jan. 9 549.000 5414 Sale 4814 Sale 48 48 54 47 July 15 4954 July 27 44 24.000 951$ 9654 9954 9954 9934 9954 9934 July 17 99 54 July 3 9434 Mar. 18 100 June 11 9954 July 8 9854 Apr. 20 10034 Jan. 22 31.000 9954 9914 9914 9954 9954 Sale 9934 July 9714 9834 9854 9914 9834 Apr. 25 9954 Feb. 26 74 July 28 7554 July 22 7334 Apr. 24 9834 Apr. 25 23.000 7334 7514 7434 Sale 7354 75 Feb. 26 7234 July 10 72 ____ 9.000 7034 7254 July 3 7234 July 10 72 Sale 82.000 8334 8354 85 8334 July 30 8534 July 2 8134 Apr. 20 8634 M ay 23 8254 Sale Sale ------- 8534 8534 July 21 8534 July 1 82 Apr. 27 8534 July 1 33.000 83 34 85 85 81 75.000 10354 10454 80 10134 103 10234 July 15 104 34 July 6 10134 Apr. 25 105 June 19 1.000 10434 ------- 104 105 104 10454 104 July 23 104 July 23 104 Feb. 10 10634 June 30 2,000, 10314_____ 10334 105 10334 105 10334 July 24 10334 July 24 103 M ay 7 104 Jan. 31 10034 Apr. 11 101 M ay 28 10034 ------- 10034 101 10034 101 99 >4 M a y 22 10034 Jan. 30 99 101 9934 ------- 9914 101 Sale 100 July 14 10034 July 8 9934 M ay 19 103 Feb. 6 17,000 10034 Sale 100 10014 100 9 9 1 4 ------- 9934 10014 9934 100 34 101 Feb. z,o 101 Feb. 25 109.000 107 54 108 107 Sale 10754 Sale 10654 July 1 10754 July 21 105 Jan. 22 11234 Mar. 5 111 Sale 111 33,000 11154 112 Sale 11034 July 23 11134 July 8 107 Apr. 22 11234 Jan. 10 95 Sale 164.000 100 J4 Sale 9634 Sale 94 54 July 23 96 54 July 3 9134 Apr. 20 102 Mar. 16 213.000 83 8354 84 83 34 July 31 84 34 July 9 8234 Mar. 31 8534 M ay 15 8434 8434 Sale 7,000 8114 84 8154 83 8 1 3 4 _____ 81 34 July 28 81 54 July 6 8134 July 28 8334 M ay 16 86 Sale 86 July 31 8754 July 7 8334 Jan. 2 89 34 M ay 8 1.176,000 8354 Sale 8734 Sale 8654 Apr. 21 8 34 Mar. 20 3,000 10054 _____ 10254 10254 _____ 10234 July 28 103 July 13, 10134 Jan. 20 10334 June 24 ----- 10114 10134 M ay 20 10234 June 23 10054 ____ 1,000 7934 7854 July 31 7854 July 31 7854 July 31 7954 Jan. 7 7854 Sale 7854 2,000, 84 8514 8434 85 85 _____ 8534 July 2 8534 July 2 8334 Mar. 16 8534 Feb. 10 1,000, 10134 101 ------ 101 ____ 101 July 30 101 July 30 101 June 10 103 Apr. 18 10054 Jan. 31 10054 Jan. 31 10134 10054 ------ 10054_____ 25.000 105 10514 10334 104 10334 104 10254 July 22 10334 July _ 10254 July 22 10834 Jan. 19 1,000 92 9254 93 9254 _____ 93 July 14 93 July 14 92 34 Feb. 5 93 June 3 95 July 30 9634 July 48.000 96 9754 9634 Sale 9434 96 9234 M ay 8 105 10534 34 Apr. 3 4,000 9534 July 231 9954 M ay 21 9554 97 9434 96 9534 July 23 9634 July 79 87 July 28 90 July 193.000 78 87 Sale 87 July 281 9034 June 17 8854 Sale 279.000 59 6014 82 34 Sale 7934 July 30 84 July 55 Mar. 16 84 34 June 18 79 34 80 127.000 9154 Sale 9334 Sale 9234 Sale 9134 July 181 9454 M ay 15 9134 July 18 9334 July 39.000 10114 Sale 101 Sale 10034 Sale 100 July 30 10334 July 100 Jan. 301103 34 July 2 100 Sale 451.000 9834 Sale 9834 July 29 10054 July 9734 Mar. 20 10054 July 8 44.000 11654 11734 117 Sale 11754 Sale 117 July11634 Jan. 211118 M ay 28 11754 July _____ 10514_____ 106 ------ 106 10534 M ay 11 10554 Apr. 20 226,000 7654 Sale 7854 805 7834 7854 7854 July 27 8134 July 6 763$ Jan. 5 8334 M ay 29 298,000 98 Sale 98 July 29 9954 July 3 9734 Feb. 2 10054 M ay 22 9954 Sale 1,000 "9954 101 101 10134 10034 10154 10054 July 21 10054 July 21 9954 Jan. 8 101 M ay 13 5.000 9354 94 9554 July 21 9554 July 21 9334 Apr. 27 9554 June 18 9534 -----9554 6.000 9034 9214 9334 9334 Sale 9334 July 31 93 34 July 8 9l54 Mar. 30 9334 July 8 9034 Feb. 25 96 Apr. 6 8654 ------9134 9 1 3 4 -----87 34 Jan. 2 8934 Feb. 2 87 34 Sale 8734 89 8934 9954 Mar. 20 10034 June 19 9954 ......... 10034 10034 -----22,000 83 34 Sale 8154 July 31 8534 July 3 8154 Feb. 24 85 54 July 3 8434 84 54 8154 Sale Sale 89.000 96 98 9834 9754 July 20 9834 July 10 96 Jan. 2 9834 M ay 28 9834 98 15.000 98 J4 101 10054 9954 10054 10054 July 22 10054 July 22 9934 Jan. 6 10554 June 29 111,000 103 Sale 103 54 Sale 10234 Sale 10234 July 29 10354 July 14 10234 July 29 10434 June 12 4.000 10714 Sale 10534 ------ 104 10634 10554 July 9 10654 July 23 103 54 Mar. 30 10754 Feb. 16 302,000 95 Sale 9934 Sale 9734 Sale 9734 July 28 9954 July 3 9434 Jan. 3 100 M ay 21 8.000 8914 9014 9054 90 91 90 July 7 90 34 July 3 8934 Jan. 12 91 Apr. 7 14.000 7954 8014 8354 85 8034 Sale 8034 July 31 81 34 July 16 80 Jan. 13 8234 M ay 4 81 11.000 8154 83 8234 8334 83 34 July 30 83 34 July 3 8134 Mar. 23 85 M ay 15 81 80 83 4,000 8034 July 30 8034 July 30 8034 July 30 83 M ay 14 9114 8934 8854 Jan. 5 8934 Apr. 1C 8734 16,000 87 34 8834 8834 9034 8834 9134 8834 July 11 8834 July 17 87 54 Jan. 23 8834 July 17 107 54 10754 Jan. 12 108 Apr. 24 10754 10754 102 8,000 10134 10134 10234 July 2 10234 July 11 10034 Apr. 15 10234 July 11 96 96 9634 9654 Jan. 20 9834 June 19 100 6,000 9854 10034 July 25 10034 July 25 9834 Apr. 1 10034 July 25 10034 98 96 99 M ay 15 9954 Apr. 16 9754 87 82 84 8534 8354 8534 8534 M ay 1 86 34 Apr. 24 91 83 84 Mar. 16 8554 Mar. 18 8354 8554 8354 8554 98 100 99 July 10 99 54 July 2 9554 Apr. 8 100 June 11 40.000 9714 9754 9854 100 33.000 106 Sale 10554 107 10554 10634 105 July 14 10654 July 9 10454 Mar. 24 10734 M ay 7 Sale 100 Sale 100 July 16 101 279.000 9954 Sale 101 July 1 9934 Jan. 28 102 M ay 12 1,000 8314 8334 87 8754 8334 8754 87 July 14 87 July 14 8334 Jan. 16 8834 June 29 98 Sale 98 July 1 9854 July 24 9634 Jan. 7 99 June 5 9834 Sale 107.000 9654 Sale 9554 Sale 386.000 9054 Sale 93 34 94 9354 July 27 9554 July 1 9054 Jan. 5 9634 June 4 8 6 14------- 8654 ------86 34 Feb. 18 8654 Apr. 16 84 8434 90 8434 ------8434 Apr. 27 8434 Apr. 27 84 78 80 84 7 8 1 4 ------81 54 Jan. 21 81 54 Jan. 21 Sale 86 Sale 88 251.000 8314 Sale 8534 July 27 8834 July 3 8334 Jan. 2 8834 June 19 Sale 10434 10534 104 July 1 105 July 20 10234 Jan. 2 106 Jan. 2 135.000 10234 Sale 104 Sale 93 9234 Sale 91 34 July 28 93 July 1 89 Jan. 6 9334 Feb. 10 180.000 8954 Sale 9734 July 9 9734 July 9 96 Jan. 13 9734 July 9 2,000 9614 Sale 9754 98 9754 204.000 8934 8954 9054 9134 9034 Sale 8934 July 30 9154 July 10 8834 Jan. 20 9234 May 28 351.000 103 Sale 10554 10654 10454 Sale 10454 July 31 10634 July 2 10134 Jan. 5 0854 Apr. 21 Sale 10254 103 102 July 1 10334 July 23 101 98.000 10114 Sale 102 Jan. 3 103 34 July 23 10854 Sale 109 34 _____ 10834 July 7 10934 July 20 107 37.000 108 109 Feb. 14 110 Jan. 21 16.000 9 3 1 4 ------- 9434 ------- 9434 ------- 94 34 July 28 9434 July 28 94 M ay 7 94 34 July 28 83 Sale 83 July 31 8454 July 7 82 Jan. 2 8554 M ay 26 Sale 8434 Sale 327.000 83 8634 July 31 8834 July 11 8534 Apr. 2 8934 Mar 9 41,000 86 8654 8754 8934 8634 Sale Bid. 98 109 10734 8834 96 8714 11654 101 10254 10114 9054 90 9754 10534 Ask.lBid. Ask. 9834 9754 Sale Sale 10854 109 Sale 10934 106 8714 Sale Sale ____ 9634 9714 88 8354 8714 ____ 11714------Sale 100 10014 Sale 10154 10254 102 34 Sale 9054 Sale 9034 98 Sale Sale Sale 10514 Sale Sale 9754 10814 10954 87 9634 8754 Prices. July 30 July 18 July 14 July 30 July 24 July 13 Sale 9834 109J4 10854 8934 96 34 8834 BONDS—STOCK EXCHANGE EECOED 16 BONDS N. 7 . STOCK EXCHANGE. Sales in July. Par Value Price Jan. 2 1925. PRICES I N JULY. July 1. July 31. Lowest. RANGE SINCE JAN. 1. Highest. Ask. Bid. Ask % Sale Prices. Denver & Rio Grande (Concluded1— Sale Prices. Bid. Ask. Bid. 122,000 95 M Sale 97 % July 31 98 M July 2 Improvement gold 5s_______ 1928 J D 98 M 98 M 97% Sale Farmers Ln & Tr dep rects for 2,000 60 Sale 45M July. 2 46 July 8 45M 1st & ref 5s due__ Aug 1 1955 Bankers Trust Co ctfs dep 45 M ------60 Sale Assnt to J’ne 15 '23 agreem’t 49 63 Stamped________________ 58 M Sale Am Ex Nat Bk ctfs Feb 1922 ____ 56 60% ____ 70 60 Vi Sale 56 July 56 M Sale 61% July 24 Sale Denv &;Rio Gr West 5s_______ 1955 F A 2,334,000 60 22,000 41 51 52 51 July 8 48M 49 % 49% July Des M & Ft D 1st gu g 4s_____1935 J J Sale 2,000 52 47 51 50 July 50 July 9 Temporary ctfs o f deposit_______ Des P l’nes Val 1st gu 4% s------1947 M S 88 M _____ 93% Sale 10,000 72 73 71 % Sale 71% July72 July 10 Det & Mack 1st lien g 4s_____1995 J D 75 2,000 66% 70% 66 Vs 65 72 65 July 65 July 9 Gold 4s____________________ 1995 J D 8,000 91M Sale 93 M 93% 91M 92 M 93 July 93% July Det River Tunnel 1st 4% s____1961 M N 103 _____ 10 3 M _____ Dul Missabe & Nor gen 5s____1941 J J 102 M 12,000 100 M 101 101 % _____ 103 _____ 101 % July 102 July 9 Dul & Iron Range 1st 5s______1937 A O 15,000 87 % Sale 85 M 86 % 81 83 81 July 86 % July 8 Dul So Shore & Atl g 5s--------- 1937 J J 4.000 87 M 90 _____ 100M July 100M July 14 East Ry M No Div 1st g 4s__ 1948 A O 5.000 99% 100M July 102M July 6 East Tenn reorg lien g 5s------- 1938M S 100M ____ 102 M Sale 99% East Tenn Ya & Ga div 5s------1930 J J 1,000 100% 101 102 M ____ 102 M 102 M 102% July 28 102M July 13 Cons 1st gold 5s___________ 1956M N _____ Sale 102 M ____ 101 101 Elgin Jol & East 1st g 5s______ 1941 M N 7,000 99 % 102% ____ 101 _____ 102% July 6 102% July El Paso & S W 1st & ref 5s------1965 A O 127.000 107 M Sale 108M Sale 70 % Sale 107 M July 18 108% July Erie 1st con extended at 7% to 1930 M S 312.000 70% Sale 71M Sale 70% 70 M 70 July 29 72 % July 3 Erie 1st con & prior 4s________ 1996 J J 62 M Sale Registered______________________ 377,000 64 Sale 62 % Sale 61 % July 20 63 % July 2 1st consol gen lien g 4s------- 1996 Registered___________________ 38.000 95 M ------- 96 M 97 95% July 96 M Sale 96 % July Penn coll trust g 4s________ 1951 61.000 65 Sale Sale 63% 64% 63 63 July 65 July 50 yr conv g 4s Ser A --------- 1953 64% 64 Vi 63% Sale 222,000 65 62% July 64 M July 3 Sale Do do Ser B ______ 1953 102,000 73% Sale 71 Sale 70% Sale 69% July 71M July 2 Gen conv 4s Series D _______ 1953 61,000 102 M 104 M 103 104 103 Sale 103 July 105M July 21 Erie & Jersey 1st s f 6s________ 1955 84% Erie & P gen gu g 3% s B --------- 1940 84 _____ 7.000 100 _____ 100 99% 100.. 100 July 7 100 July 7 Fla Cent & Pen ext g 5s______ 1930 11,000 98% 99 M 99% 100 99 M 100 99% July 13 100% July 11 Consol gold 5s______________ 1943 6.000 92% 93 M 92 95 92 M 93% 92 July 16 92% July 29 Fla East Coast 1st 4 %s 1959 Sale 388.000 93% Sale 96 93% Sale 93 % July 31 96 M July 2 1st & ref 5s ser A __________ 1974 M S Sale 151.000 96 July 1 95 M July 31 96 1st & ref 5s Ser A w i------------ 1974 M S 176.000 103 July 31 Sale 115% Sale 139 Sale 115 July 2 139 Fla western & Nor 1st 7s------- 1934 M N Sale Sale 106.000 64 66 V s 63% July 131 67 July 6 64 M Fonda Johnst & Glov 4 Ms------1952 M N 64 M 89 % 89% Fort St U D Co 1st g 4 % s------1941 J J 89 1,000 104 % 106% 105 104 Vs 104M July 13jl04M July 13 Ft Worth & Denver City 5% s_1961 J D 10,000 92 M Sale 96% 97 93 M 96 M 96 M July 6 98 July 21 Ft W & Rio Gr 1st g 4s. ......... 1928 J J 8,000 108 109% 108 Sale 107 % 109 108 July 11108 July 1 Frem Elk & M o V 1st 6s------- 1933 A O 3.000 100 100 % July 10 100M July 25 101 100% 100% Gal H & San Ant M & P 1st 5s. 1931 M N 7.000 99% 100 100 July 10 100 M July 2 100M 100% 99 M 2d guar exten 5s----------------- 1931 J J 92% 95 8.000 91M 92 93 % 94 92 M July 30! 94 July 3 Galv Hous & Hend 1st 5s------- 1933 26,000 100% 100 M 105 M Sale 104M 105 104M July 28 105 M July 8 Genesee Riv RR 1st s f 6s------1957 40.000 92 M 94 % 95 M 94 M July 24! 96 Juty 9 95 M 96 Ga & Ala 1st cons 5s Oct. 1945 28.000 99 M 100 99% 100M 99 M July 22 100 July 15 99 Vs Sale Ga Car & Nor 1st gu g 5s--------- 1920 1,000 64 M Sale 66% 67 66 M July 3i 66M July 3 Georgia Midland 1st 3s--------- 1946 98% 91M 2,000 94 M 96 95 96 M July 3 96 M July Gr R & I ex 1st gu g 4% s------- 1941 131.000 115% Sale 116% Sale 115% Sale 115M July 31 116M July Grand Trunk o f Can s f 7s------1940 117.000 106 % Sale 107 % Sale 107 Sale 107 % July 16 107 M July 15-yr deb g s f 6s guar--------- 1936 M S Sale 109% Sale 109 M July 23jllOM July 623.000 109 % Sale 110 Grt Nor— Gen 7s Series A ------1936 J J 92% Sale 93,000 92 M 93 90 Sale 89 M July 31 93 July 10 1st & refund 4 Ms Ser A ------1961 Registered___________________ 160,000 100% Sale 101% Sale 10 1M Sale 101 July 28 102 M July 8 Gen mtge 5% s Ser-B----------1952 95% Sale 211,000 92% Sale 93 % July 311 95M July 2 93 M Sale Gen mtge 5s Ser C ________ 1973 79 80 79 July 22 79 July 22 1,000 69 77 M 79 75 Feb Geen Bay & West deb ctfs A 36,000 14% Sale 15M 15% 15M Sale 15 M July 31 16M July 10 Feb Debenture ctfs B -----------87 _____ 87 86 ____ Greenbrier Ry 1st gu g 4s------- 1940 M N 10 1% 102. . 100M 100M 100M July 28 10 2.. July 2 73.000 Gulf M ob & Nor 1st 5% s------- 1950 A O 19.000 97 M 100 103 M _____ 100— 103 M 103 M July 28 103 M July 2 Gulf & Sh Isld ref 5s______Feb 1952 J J 14.000 80 83 M July 13 84. _ July 21 81% 84 M 84 M 83 Vs Harlem R & Pt Ches 1st 4s— 1954 M N 188,000 89 % 90 _____ 90 M 91 90M July 28 92 July 14 Hock Val 1st con g 4 % s--------- 1999 J J 83 M 83% 90 Registered_________________ 1999 J J 100M _____ 100 M 101M Houst & Tex C 1st g 5s int gu_1937 J J 30,000 95 98 98% 96 96 96 M 96 M July 25 97 M July 6 Hous Belt & Ter 1st 5s_______ 1937 J J 9 9 % ------ 100 _____ 100 Houst E & W Tex 1st 5s----------1933 M N 100. . 100% 100 1st gu g 5s redeem_________ 1933 M N 99 M 101 2,000 92 M -----94 M _____ 94 Vs 95M 94 M July 94 M July 10 Housatonic R R con g 5s----------1937 M N 74,000 87 91 Vs Sale 92 July 3 89 M July 90 M Sale Sale Hudson & Manhat ser A 5s------1957 F A Registered___________________ 76 Sale 398,000 68 Sale 76 Sale 75M July 27 76 % July 20 Adjust income 5 s ______ Feb 1957 Registered___________________ 1,000 89 93% 94 July 29 93 M 93 M July Illinois Central 1st g 4s----------- 1951 5.000 90 July 93 % July 23 87 M Registered___________________ 87 M July 3.000 81 81 " 8 5 " 82 83 July 25 81% 83 1st gold 3% s................ 1951 82 81M 78 81 Registered___________________ 81 83 81 Extended 1st g 3% s------------- 1951 82 80 Vs 78 Registered___________________ 64% 71 64 M 71 57% 1st gold 3s sterling---------------1951 10,000 86% Sale 88 Sale 86 M 86M July 20 88 July 1 Collateral trust gold 4s-------- 1952 82 M 87 M 85% Registered___________________ M N 82,000 88 M Sale 88 U Sale 90% Sale 88 M July 91M July 1st refunding 4s____________1955 M N 13,000 78 83 July 78 M 84 83 M July 81% 83 M -----Purchased lines 3 Ms----------- 1952 J J 1,000 75 Vs 84 M July 84 M July 17 Registered J J Sale 149,000 83% Sale 84 M Sale 84 M July 85M July 1 84 M Coll tr g 4s L N O & T 1953 M N 81M MN Registered_________ 53.000 103 M 103% 104M 105 102M 103M 10.3 M July 25 106 H July 9 Refunding 5s_______________ 1955 M N 126,000 103 M Sale 102% Sale 102 M Sale 102 July 10 102 M July 7 15-year secured 5 Ms----------- 1934 J J 11.000 109M Sale H IM 112M 111M 113 M 111M July 28 113 July 8 15-year secured 6 Ms----------- 1936 J J 3.000 88 M 91M 92 84 M 89 M 89 M July 291 89 M * ' 29 Cairo Bridge gold 4s----------- 1950 20 5.000 70 % 82 73 M July 10 73M Litchfield Div 1st g 3s......... 1951 7 3 M ------- 72 M 74 82 80 _____ 78 76 % 82 Louisv Div & Ter g 3 Ms------1953 J J 69% 72 7 3 % ------- 73 M Omaha Div 1st g 3s________ 1951 F A 1,000 71% Sale 7 2 % ------- 72M 72M July 72 M July 9 St. Lou Div & Term g 3s__ 1951 J J 4,000 79 83 M July 83 M July 10 82 81M ------- 80 H 83 Gold 3M s__________ -1951 J J 82 78 M Springf D iv 1st g 3M s______ 1951 J ,T 78 M 82 1,000 86 M 87 88 Sale 86 M July 31 88 July 1 86 M Sale Western Lines 1st g 4s______ 1951 F A 84 F A Registereu________ 99 M July 276,000 96% Sale 100 M Sale 100 Vs July 1 99 M Sale Ch St L & N O jt 5s A ______ 1963 ,t r> Q9 July 3 89 95 12,000 87% 90 90 % 92 88 M July .T J 1,000 100% J J 100? 8 100M 99 M 99 M 100M July 100M July 2 1,000 100 99 Vs 99M 99 M July 100 % 99 M July 14 J J Gen & ref g 5s Ser B --------113,000 101 Sale 103% Sale 103 Sale 102M July 104 M July 13 Internat & Gt Nor 1st 6s_____1952 J J 72 % July 778,000 68 Sale 72 M Sale 73 M Sale Adj m 6s Ser A ____________ 1952 Ap 1 74 M July 31 72 July 72 74 21,000 71 July 24 88 M Stamped_____________________ Sale 77 July 77 78 July 8 70,000 76 M Sale 77 M Sale Int Rys o f Cent Amer 1st 5 s ..1972 M N 48,000 57 59 M July 2 60 58 M July 61 60 M 58 M Sale Iowa Cent 1st gold 5s________ 1938 J D 58 July 5,000 60 58 H July 20 57 M Certificates o f deposit__ 2 1 % Sale 21 Vs July 1 57,000 19 % 20 20M 21M 19 M July 1st & ref 5 4s_______________ 1951 M 8 85 13,000 84% 87 % 89 M 90 88 M 88 July James F & Clear 1st 4s_______1959 J D 89 M July 6 100 Vs 100 M Kal A & G R 1st gu g 5 s ......... 1938 J J 82 July 10 8.000 80 Kan & M 1st gu g 4s-------------- 1990 A O 82 M 81M 84 M 81 M 84 M 81 M July 3,000 100 % 100M 100 M 100M 100M Sale 100M July 100 M July 16 Second 20-year 5s---------------- 1927 J J 22,000 102 M 102% il03M 103M 103 Sale 103 July K C Ft S & M con g 6s_______1928 M N 103 M July 8 87 % July 1 326,000 80 % Sale 87% Sale 84 M 84 M 84 M July K O Ft S & M R y ref g 4s___ 1936 A O 2,000 98 M 99 M July 99 M 99 M K C & M R & B 1st gu g 5 s ...1929 A O 99 M July 3 72 H Sale 90,000 70% 70 % 73 M Sale 73 M July 17 72 M July Kan City South 1st g 3s______ 1950 A O 89 M July 89 M Sale 213,000 89 Sale 91M Sale R ef & Imp 5s________ April 1950 J J 92 M July 10 85 M July 521,000 84 85 M Sale Sale Kan City Term 1st 4s___ ____ 1960 J .1 86 M July 1 86 M Sale 85 % 87 M 84 Vi 86 M 85 M July 87 July 21 4,000 83 % Kentucky Central g 4s_______ 1987 ,T J 84 88% Keok & Des M 1st 5s ctfs d e p ..1923 A O 82 _____ Ctfs dep stpd as to int_____ 81M 100 % 10 1M 100 _____ Knox & Ohio 1st g 6s________ 1925 ■T J 9,000 99% 100 % 100M 101M 99 M 101 101 M July 2 99 M July Lake E & W 1st gold 5s______ 1937 J J 96 M July 7 96M 96 July 3,000 95 96% 96 % _____ 95 2d gold 5s__________________ 1941 •T J 79 July 81 July 24 30,000 78% 79 M 79 M Sale ____ 80 Lake Sh & M S g 3 M s.............. 1997 J 1) 78 July 1 78 Sale 1,000 76 M 77 72 M Sale 77 M July Registered__________________1997 J 1) 98 % July 197,000 97 % 98 M 98 M Sale 98 M July 1 98 M Sale Debenture gold 4s_________ 1928 M S 97 Vs July 20 96 M Sale 96 M July 164,000 95 M Sale 25-year gold 4s_____________1931 M N 96 M Sale MN 94 M ------91% 98 % 96 % 97 102 July 18103 July 38,000 100 % 101 102 % 103 Leh Vail Harbor Term 1st 5 s..i9 5 4 F A 95 Vs July 31 98 July 22,000 96% 100 Leh V (N Y) 1st gu g 4M s____1940 J J 97 M 97 M 95 M Sale 94 M Sale Registered______________________ .T J MN 58,666 79 80 82 M Sale 80 M 82 M 82 M July 1, 84 M July 16 81 July 3 81 July 3 MN 77 86 1,000 77 81 Registered. 79 M 77 91 July 311 91M July 10 NM 91 Sale 50,000' 87 % 88 AC 90 M 92 [V ol. 121. Lowest. Highest. Sale Prices. Sale Prices. 95 Jan. 9 99 Feb. 9 45 M July 2 70 Jan. 12 59% Jan. 12 69 M Jan. 10 56M Feb. 11 70M Jan. 12 56 June 18 60 % Jan. 8 50 June 1 66 M Jan. 15 39M Jan. 16 51 July 8 45% Apr. 25 50 M ay 28 93 M Jan. 2 93 M Feb. 4 71 % July 31 75 June 12 65 Apr. 16 67 M Feb. 14 91 Apr. 1 94 M M ay 18 102 Feb. 5 104 Apr. 14 100M Jan. 13 107 June 4 81 July 29 90 Jan. 27 88 Jan. 16 100M July 14 99M Jan. 17 102 M June 24 100 Alar. 2 101 Mar. 2 100% Jan. 6 102 H June 22 Jan. 2 102 % Apr. 21 101 99% Jan. 5 102 M June 29 107 Jan. 26 109 H June 8 70 Jan. 21 73 M June 29 67M Mar. 19 68 M Mar. 28 61M Apr. 1 66 M Feb. 24 58 June 16 67 Jan. 17 Feb. 13 95M Jan. 7 98 62M Apr. 13 69 Feb. 18 60 Apr. 6 69 Feb. 17 69M Apr. 25 75M Jan. 10 101M Jan. 106M Apr. 17 84 JaD. 12 84 Jan. 12 99 M June 3 100 Jan. 15 96 M June 20 100 M July 11 92 July 16 96 M M ay 29 93 Mar. 28 97 M M ay 29 95 M M ay 16 96 M June 12 102 M Jan. 2 139 July 31 63 M July 13 73 Mar. 9 89M Mar. 26 90 M ay 13 104M Jan. 9 104 M Jan. 31 92M Jan. 2 98 July 21 107M M ay 12 109 M Apr. 15 100 Jan. 21 101 July 10 99Ji Mar. 27 100 % June 5 90M Jan. 8 95 Apr. 2 100M Jan. 5 105M June 20 93 Jan. 13 102 M Mar. 3 99M Jan. 9 100 June 17 64M Jan. 6 67 June 4 94 Apr. 2 96 M July 13 115M Jan. 2 117 Apr. 21 106M Jan. 2 108M M ar. 14 109 Apr. 14 111 Feb. 5 91M Feb. 27 93 June 18 91M Jan. 3 91M Jan. 3 100M Jan. 5 103 June 18 92 Apr. 18 96 June 20 72 Mar. 27 80 June 22 12M Jan. 12 18M M ay 18 86 Jan. 12 88 M June 1 100M July 28 103 June 3 98M Mar. 3 103 % July 2 80 Jan. 8 84 M M ay 18 89M Jan. 6 92 June 19 88 Mar. 19 90 M M ay 20 99M Jan. 15 100 M Feb. 11 96 Jan. 10 99 M ay 23 99M Jan. 5 100 Jan. 20 99M Jan. 16 99 M Jan. 16 92M Jan. 7 94 M M ay 4 86M Jan. 2 93 M M ay 21 91M June 10 91M June 10 67H Jan. 13 77 M June 4 75 M June 24 75 M June 24 91M Mar. 6 94 M ay 11 90M Apr. 22 93 Vs July 23 June 3 81M Jan. 23 84 80M Jan. 15 83 M June 19 81 Jan. 6 84 H M ay 15 84 M ay 18 84 M ay 18 62 Feb. 11 62 Feb. 11 86M Jan. 8 89 M ay 25 85% Apr. 7 85 H Apr. 7 88 Jan. 21 92 M Apr. 20 21 84 M June 1 79 Jan. 23 84 M July 17 83 Jan. 2 85 M June 9 81 Feb. 13 82 M ar. 20 103% July 25 M ay 22 102 Jan. 20 Jan. 2 109% Jan. 2 July 8 88% Feb. 41 91M June 17 70 Feb. 5 73 M July 20 77 M Jan. 16 M ay 19 70M Feb. 21 I I * June 3 71M Jan. 2 77 M ay 28 79 Jan. 27 83 M M ay 23 79 Vs Apr. 20 82 M M ay 8 86 M July 31 88 M ar. 19 84 Apr. 13 87 Feb. 10 96 M Jan. 9 100 V» June 25 87 M Jan. 3 92 June 16 100 Jan. 6 101 Jan. 16 99% July 14 100 M Jan. 3 100 Feb. 6 105M June 2 66 Apr. 1 78 Feb. 2 Apr. 27 73 June 24 67 76% Jan. 2 80 M Feb. 26 57 Jan. 5 65 Feb. 6 58 July 30 60 M Apr. 30 19% Jan. 23 26 M Feb. 26 86% Mar. 18 90 June 12 80 99M 102M 80M 98 70M 88M 83 M 84 Jan. 3 84 Mar. 4 100t£ Feb. 24 Jan. 103% M ay 25 Jan. Jan. 88% M ay 22 Jan. 100% M ay 27 Jan. 75 June 11 Mar. 92% M ay 23 Mar. 27 87% M ay 13 Feb. 17 87% June 10 100 99M 95M 78M 76Vz 97 M 95M 95M 100M 96 93 79 78M 88 Apr. Jan. Feb. Jan. Jan. Feb. Jan. Jan. Jan. Mar. Jan. Jan. Jan. Jan. 100% 100% 97 81 79% 98% 97% 95% 103 98 93 84% 81 93 Jan. June June M ay June Feb. Apr. Jan. June Apr. Jan. July July June 3 19 22 14 19 21 23 23 11 23 13 16 3 9 A ug., 1925.] BONDS-STOCK EXCHANGE RECORD BONDS N. Y . STOCK EXCHANGE. Leh Vail RR gen 5s series_____2003 M N Leta V Ter R y 1st gu g 5s_____1941 A O Lehigh & N Y 1st gu g 4s__ 1945 M S Lex & East 1st gu 5s________ 1965 A O Little Miami gen 4s ser A ____1962 M N Long Dock cons gold 6s_____1935 A O Long Isl 1st cons g 5s___ July 1931 Q J 1st cons gold 4s........ .July 1931 Gen gold 4s________________ 1938 u Gold 4s------------------------------- 1932 J D Unified gold 4s_____________ 1949 M S Deb gold 5s-------------------------1934 J D 20-year deb 5s______________ 1937 M N Guar ref gold 4s____________ 1949 M S N Sh Bch 1st cons gu 5s__ Oct ’32 Q J Louisiana & Ark 1st 5s_______ 1927 M S Lou & Jeff Bridge gu g 4s_____1945 M S Louisv & Nashv gold 5s______ 1937 M N Unified gold 4s_____________ 1940 J J Registered_______________ 1940 J J Coll trust gold 5s___________1931 M N 10-year secured 7s___________1930 M N 1st & ref 5% s series A ______ 2003 A O 1st & ref 5s series B ________ 2003 A O 1st & ref 4 %s series C ______ 2003 A O N O & Mobile 1st g 6s______ 1930 2d gold 6s-------------------------1930 Paducah & Mem Div 4s____1946 St Louis Div 2d gold 3s_____ 1980 M S L & N M ob & M 1st g 4% s__ 1945 M S L & N-Sou Mon joint 4s______ 1952 J J Registered.................. July 1952 Q J Louis Cin & Lex g 4 % s......... ..1931 M N Sales in July. Par Value. Price Jan. 2 1925. $ Bid. 116,000 99 % 1,000 99 % 2,000 83 M 43,000 103% 1,000 82 % 107M 5,000 99 92% l i ~,666 88 % 83 M 1,000 95 M 63.000 87 M 31.000 82 M 2.000 99 9.000 99 12.000 82 1.000 102% 56,000 92 M 87 % 32.000 100 75.000 107% 57.000 104 % 22.000 102 % 126,000 92 104% 7.000 103 % 3.000 86 M 11,000 62 M 17.000 94 M 43.000 81M 76M 1,000 98 Ask. Sale 99% 85 M 105 — — 99 Vs ... 85 88 82% 99% 99% 83 103 % Sale 90 100% 107 M Sale Sale 92% 105 M 105 M 89 Vs 64% 97 82% 17 PRICES I N JULY. July 1. July 31. RANGE SINCE JAN . 1. Lowest. Highest. Lowest. 102 Sale 85 105% 106% 81 108M 100 % 102 93 % 91 % 90 M 84% 97 91 % 83% 99% 91M 84 % 98 Sale 84 M 100 100% 86 M 103 M ____ 94 % Sale 100 100M 107 108% 103% 96 % 104% 104 91% 63 98% 83 M 101% Sale Sale Sale 107 64 100 85 % Ask. Sale Prices. I Sale Prices. Sale Prices. Sale 100 M 100M July 29 101 % July 13 98% Jan. 2 101% 102 July 15 102 July 15 101 M Jan. 8 102% 102 M 83 M 86 M 85 July ll 85 July 1 84 % Mar. 26 89 104 105 M 106 July 2 106M July 3 103 M Jan. 5 107 84 84 M July 3! 84 M July 3 83 M Feb. 19 84 M 108 % 107 % Feb. 14 108 100 M Sale 100 M July 29 101M July 17 99% Mar. 23 102 M 93 % M ay 6 94 M 94 89 M Sale 89% July 31 '§ 1 % July " 7 89 M Jan. 15 91M 89 M 90 M 89% Mar. 17 93 90 M 94 M 82 M Feb. 4 85 97 July 2 98 July 28 95 M Feb. 2 98 97 M Sale 90 M Sale 90 M July 31 92 July 11 87 M Jan. 6 92 82 M 83 % 83 M July 17 84 M July 6 82 Jan. 26 85 M 99 % 99 July 6 100 July 23 98 % Apr. 16 100% 100 100M 99 % July 14 100% July 27 99 M Jan. 5 101M Sale 85 85 July 31 86 % July 14 83 Jan. 3 87 M 103 103M July 9 103M July 9 102 % Feb. 10 105 M 94 M Sale 93 M July 15 94 % July 1 91% Jan. 8 95M 92 M 100M l o i % 100 % July 13 101 % July 21 100M Jan. 103 107% 107 July 1 107% July 27 105M Feb. 108M 105 Sale 105 July 23 108 % July 9 104M Jan. 108 % 101M Sale 101 h July 24 104 % July 13 101 % July 105% 93 % Sale 93 July 31 96 % July 1 92 Jan. 97 103M 107 104% 104 M June 103 M 107 104 July 6 105 July 13 104 July 105 85 % 91 91 M July 2 91M July 2 89M Mar. 91 % 63 % 63 July 9 64 July 14 61M Apr. 65 Feb. 97 M 98 M 98 % July 16 100M July 8 96 100M 84 84 % 83 M July 21 85 July 17 81M Jan. 86 M 80 M 99 M July 8 99 M July 8 98M Jan. 5 99 % 99 M 99% 99 M ------3,000 101% Mahon Coal R R 1st 5s_______ 1934 J J 103 103 M 103 Sale 103 July 31 103 July 31 13,000 59 62 % 63 59 % 60 Manila RR South lines 4s____1939 M N 62 July 10 62 % July 8 62 1st 4s------------------------1959 M N 64 69 62 69 67 Manito S W Coloniz g 5s_____ 1934 J D 98 99% 99 M 100 M 99 % 100 M 3,000 64 _____ 80 % July 14 80 % July 21 Man G B & NW 1st gu 3%s._1941 J J Sale 80 M ------- 81 Michigan Central 5s___________1931 M S 101 _____ 100 % _____ 100 % Registered__________ 1931 100 % _____ 100 M 102 98 Vs 4,000 96 M Sale 91 % ------- 9 0 % _____ 91 Vs July 20 92 July 16 4s________________________ 1940 Jack L & S gold 3 j^s. _ II1111951 M S 77 M ------- 77 M ------77% 1,000 79 M 82% 84 M 85M 78 1st gold 3 % s----------------------- 1952 M N 85% 85 July 11 85 July 11 41,000 96 M 97 97 % Sale 20-year debenture 4s_______ 1929 A O 97 M Sale 97 M July 1 97% July 22 6,000 93 M 93 % 92 Midland o f N J 1st ext 5s_____ 1940 A O 93 M ------- 93 M 92 July 10 92 July 10 M L S & West ext s f os_____1929 F A 100 M _____ 100 M _____ 100% Ashland Div 1st g 6s_______ 1925 M S 99 % 100 90 ____ M il & Nor 1st ext 4% s (blue). 1934 J D 90 87 M 11,000 §7 M 89 % 92 Cons ext 4% s (brown)______ 1934 J D 90 M July 89 M 91 90 M July 22 54.000 87 87 % Sale Mil Spar & N W 1st gu 4s____1947 M S 86 July 86 Sale Sale 87 % July 1 5.000 80 % Milw & S L 1st gu 3 % s_______ 1941 J J 80 % July 80 M ------- 80 % 80 % July 23 3.000 98 M 102 Minn & St L 1st gold 7s______ 1927 J D 102 M 102M 102 M July 102 M July 23 1st cons gold 5s_____________ 1934 M N 17.000 51 % Safe 60% 57 60 60 July 60 60 July 14 58% 64 Temp ctfs o f deposit. . 56M 64 22% 23 45.000 2 1 M 22 1st & refund gold 4s________ 1949 M S July 2 20 M Sale 19 M July 39.000 13 Ref & ext 5s series A _______ 1962 15 16 14% 16 14% July July 10 16 1st guar g 7s----------------------- 1927 n 100 100 36.000 86 M Sale 85 85% 85 % Sale 85 July M St P & S S M 4s stpd______ 1938 j j 85 % July 8 21.000 98 % 99 1st cons 5s-------------------------- 1938 j j 96% Sale 96 97 % July 2 96M 95 M July 64.000 102 M Sale 102% 102% 103 M Sale 102M July 10-yr coll tr g 6 % s_________ 1931 M S 104 July 28 11.000 100 M Sale 1st & ref 6s series A ________ 1946 J J 99 % July 100% 99 M 100 100 July 27 25-year g 5 % s--------------------- 1949 M S 24.000 85 M Sale Sale Sale 84 84 July 85 July 9 M S t P & S S M & Cent Term 92% 7.000 92 M ------1st Chic Term s f 4s______ 1941 M N 92 M ------99% 99% 99 M 100 10.000 9 9 % ------M S S M & Atl 4s stpd_____ 1926 J J 99 % July 6 99 % July '23 70.000 92 94 93 94 Mississippi Cent 1st 5s_______ 1949 92 July 10 93 M July 8 92 % 93 J 70.000 81% Sale 83% Sale 82% Sale Mo Kan & Tex 1st g 4s_______ 1990 82% July 31 83 Vs July 10 D Missouri-Kansas-Texas RR— 340.000 86% Sale 94% Sale Prior lien 5s series A ________ 1962 93 M 94 M 93 % July 30 95 M July J 209.000 71% Sale 78% 78% 79% Sale 40-year 4s series B ___________1962 78% July 3 79% July J 104.000 101% Sale 103% Sale 103M 103% 103 M July 1103% July 10-year 6s series C ___________1932 J 85% Sale Cum adjust 5s series A __ Janl967 91 Sale |85 July 2 91 % July O 4.303.000 76% Sale Missouri Pacific R R Co— 365.000 83 % Sale 88% Sale 86% Sale 86% July 1st & refund 5s series A _____ 1965 F A 89% July 40.000 100 Sale 100 100% 100 100%'lOO July 1st & refund 5s series-C_____ 1926 F A 100% July 351.000 99 M Sale 101% Sale 100% Sale 100 July 1st & refund 6s series D ____ 1949 F A 101% July Sale !100% Sale 100% July 101 1st & refund 6s ser E int_____ 1955 M N 1.378.000 101% July 980.000 62 M Sale 64% Sale General 4s_________________ 1975 M S 64% Sale 64% July 66 % July 1.000 84 % 86 85% 89 M o Pacific 3d 7s ext at 4 % .-.1 9 3 8 M N 86% July 86% July 99 1,000 95% Mobile & Birm prior lien g 5 s ..1945 J J 99 101 103 July 103% July S m a ll_______________________ 96 93% J 90% 5,000 77 80 82 Mortgage gold 4s___________1945 80 82 80% July 3 80% July 3 J 78 S m a ll________ 75% 79 J J 76 76 % 75 9.000 102 Vs 103 M 103 Sale 103 Mobile & Ohio 1st g 6s______ Il927 J D 104 103 July 103% July 1.000 104 1st extension g 6s______ July 1927 Q J 104 102 July 102 July 102 M 4,000 84 M 90 July 80% Sale 90 General gold 4s_________ 1..1938 M S 90% July 33.000 97% 98 Vs 99% 100% 99 99% 99% July Montgomery Div 1st g 5s__ 1947 F A 100% July 19.000 103% 100% 10 1% 95 July St Louis Division 5s________ 1927 J D 100 %July 100% 100 87% 95 Mohawk & Mai 1st gu g 4s__ 1991 M S 85% 88% 85% 2,000 110% 112M 110 % 113 113 110 Mont Cent 1st gu g 6s_______ 1937 J J 110% July 3 113 July 102% 104 5,000 101M 103 101% 114 103% July 221103% July 1st guar gold 5s_____________ 1937 J J 19.000 77% Sale Morris & Essex 1st gu 3 % s____2000 J D 81% 80% 80% July 17 81% July 25.000 100 % 102 101% 101% 101% 102% 101 % July 71101% July Nashville Chat & St L 1st 5s__1928 a ; o Nash Fla & Sheff 1st gu g 5 s ..1937 F A National Ry o f Mexico— Prior lien 50-year s f 4% s___1957 January 1914 coupon o n ______ July 1914 coupon on _________ July 1914 coupon o f f . . ............. Assenting s f red June coupon _ _ Guar 70-year s f 4s_________ 1977 April 1914 coupon on _____ April 1914 coupon o ff_____ Gen s f 4s assent redeemable__ Nat RR Mex pr lien g 4 % s__ 1926 July 1914 coupon on__________ July 1914 coupon o ff__________ Assenting with July ’24 coup. First cons gold 4s___________1951 April 1914 coupon o n _________ A O April 1914 coupon o ff________ A O Assenting with Apr 1924 coup. Naugatuck R R 4 s _____________ 1954 M N New England R R cons 5s_____ 1945 J J Cons 4s_____________________1945 N J June R gu 1st 4s__________1986 N O & N East ref 4 Ms A _____1952 New Orleans Term 1st 4s_____ 1953 N O Tex & Mex 1st 6s series A . 1925 Non-cum income 5s series A . 1935 First 5s series B ____________1954 First 5Ms series A __________1954 Temporary_____________________ N pt & Cin B gen gu g 4M s____1945 N Y & Bklyn & M B cons g 5s_1935 N Y Cent RR conv deb 6s____1935 M N Registered___________________ M N Consol 4s series A ___________1998 Ref & impt 4 Ms series A ____2013 Ref & impt 5s series C ______ 2013 Registered___________________ N Y C & H R g mtge 3M s____1997 Registered_______________ 1997 Debenture gold 4s____________ 1934MN Registered___________________ M N 30-year deb 4s o f 1912_____1942:J J Registered___________________ J J Lake Shore coll g 3 Ms_______1998 F A Registered_______________ 1998 F A 101% 103% 99% 104 100M 27 7,000 17 2,000 _____ 6,000 27.000 26.000 14.000 39.000 84.000 155,000 59.000 57.000 14% 15 30 M 3,000 72 QO 78% 81% 85 80 % 101% 92 M 91 98 26M 24 19 _____ 13% 73% 94% 81 83% 91 81% 100% 97% 96% 102 101 94 100 108% 104 86% 92% 101% '81 86 87 81 10 1% 92 M Sale Sale 92 % 94 1,000 99 100M 48.000 1U M Sale 26 14 Sale 14 July 31 14% July 24 June 29 99 59M 63M 97% 80% 100% 100M 91M Feb. Apr. Mar. Jan. July .Tan. M ay Mar. 103 63 M 67 M 100 M 84 101 100M 92 June June June June Jan. Feb. M ay July 30 5 11 4 3 10 28 16 81 96M 88 100 100 85M 83 86 80 % 98% 51 % 58 M 19 M 13M Feb. Jan. Mar. M ay Jan. Apr. Apr. July July Jan. Jan. M ay July Apr. 86 98 93M 100% 100M 94 91M 88 % 80% 102% 62 M 60 26 21M M ay Apr. Jan. Mar. Jan. M ay Jan. Apr. July July Mar. M ay Feb. Feb. 22 24 8 10 9 5 15 13 23 23 25 25 6 7 84% 94% 102% . 83% Apr. Apr. June July June 90 100% 104% 103 90% Feb. Mar. Mar. Jan. Feb. 4 6 3 6 6 30 28 27 21 25 |99% June 17 100% M ay 4 91 Jan. 19 94 Apr. 20 80% Mar. 11 85% M ay 21 86 71% 101% 76% Jan. Jan. Jan. Jan. 83 100 99 100% 62% S4% Jan. Jan. Jan. July Mar. 5 2 5 2 95% 80 104% 91% June 2 M ay 4 Apr. 3 July 31 90% 101 102 % 102 67 89% 103% 76 91 96 103% 104 90% 101 100% 85 113 103% 82 102 M ay Feb. M ay June M ay Feb. July June June June June Apr. June June Mar. Feb. July July M ay Apr. 26 9 20 3 26 17 14 23 6 23 25 3 3 8 7 4 14 22 14 1 100% Feb. 27 102 June 3 100 76 76 76 102% 102 81% 96% 95 84% 110% 101% 76% 100% .Tan. M ay June Feb. M ay Jan. Feb. Jan. Mar. July Feb. June Jan. Jan. Jan. 19 Apr. 30 19 14 July 31 21% Jan. 21 Apr. 30 26% June 17 32% Jam '2 3 11 73% 94% 81 83% 88 81% 100% 100% Sale 96 Sale 94 Sale 99% Sale 100 94% Sale 99% Sale 108% 116 104 Sale 84% Sale 91% Sale 100 % 15 12% 13% July 23 13% July 23 96 83% 86 92% 84 96 83% 86 90 82% 94% July 16 94% July 13 90% July 82% July Sale Sale 100 Sale Sale Sale Sale 92% 84 100% 97% 97 July July July July July July July July 14 July 7 July 7 July 1 July 11 102 July 101 % July 3 94% July 2 100 July 1 1 109% July 6 84% July 91% July 99% July 87 July 14 93% July 9 101% July 7 100 % 100% July 96 94 100% 99% 94% 99% 108% Sale 76M Sale ------92 78% Sale 78 84 95% Sale 9 3 % ------8 9 % ------- 77% Sale 75% 77 93% Sale 9 3 % ------91 ------- 76% July 30 79% July 76 July 1 78 July 93% July 31 95% July 2,000 76 M 74M 93 M 92 M 91M 5X666 75M 75M 77% Sale 76 Sale 76% Sale 74% 78 76% July 29 77% July 76 11 19 9 25 24 8 13 2 18 8 3 26 " '27 119.000 73 % Jan. June July Apr. June M ay July July M ay July June 13% July 31 19% Jan. 21 82% 83M 88 Vs 90 99 % Sale 6.000 Prices. July 13 M ay 20 Feb. 28 M ay 11 July 3 Jan. 23 M ay 25 Mar. 13 June 15 June 1 M ay 26 M ay 5 M ay 16 M ay 11 Feb. 9 Feb. 16 June 17 Mar. 30 M ay 2 13% Sale I 13% July 31 13% July 31 147.000 178.000 582.000 109.000 Highest. Ask. Bid. Bid. 100M 101M 100 91% July 11 3 2 1 91% July 11 8 13% July 23 20 94% June 81 June 86 M ay 86 Jan. 80% Jan. 100 % M ay 92% Jan. 90% Jan. Jan. 98 99% July 93% Feb. 99% Mar. 106 Apr. 106 Apr. 82% Jan. 88% Jan. 99 Jan. 99% Jan. 75 Jan. 74% Jan. 92% June 92% Mar. Mar. 91 93 Feb. 74% Jan. Mar. 74 Jan. 23 96 M ay 81% June M ay 86 92% July 84% M ay 101% Feb. 98% M ay 97% M ay 102% M ay 103% M ay 94% M ay 100 Jan. 20117% Jan. 27 116% Jan. 51 87% June 16' 93% June 102% M ay 101% Apr. 79% M ay 78% June Mar. 96 92% Jan. 92% Jan. Feb. 10 93 31 78 M ay 25 79 June 16 1 13 14 4 9 21 29 23 22 18 28 7 29 24 16 1 16 6 2 3 6 14 10 15 12 BONDS-STOCK EXCHANGE RECOKD 18 BONDS N. T . STOCK EXCHANGE. Sales in July. s « Par Value. N Y Cent & Hud River (Concl)— Mich Cent coll g 3M s______1998 F A Registered_______________ 1998 F A N Y Chic & St Louis 1st g 4s___ 1937 A O Registered___________________ A O 25-year debenture 4s_______ 1931 M N 2d & impt 6s A B & O .........-1931 M N Refunding 5 Ms Series A ____ 1974 A O N Y Connecting 1st gu 4Ms A.1953 F A N; Y & Erie 1st ext g 4s_______ 1947 M N 3d ext gold 4M s..................... 1923 M S 4th ext gold 5s______________ 1930 A O 5th ext gold 4s______________ 1928 J D N Y & Greenw L guar g 5s____ 1947 M N N Y & Harlem g 3M s_________ 2000 M N Registered_________________ 2000 M N N Y Lack & West 1st 5s A ____ 1973 M N 1st & ref guar 4Ms Ser B ____1973 M N N Y Lake Erie & West ext 7s_1930 M S Dock & impt ext 5s________ 1943 J J . N Y & Jersey 1st 5s___________1932 F A N Y & Long Branch gen 4s___ 1941 M S N Y New Haven & Hartford— Non-conv debenture 4s_____ 1947 M S Registered___________________ M S Non-conv debenture 3M s__ 1947 A O Non-conv deben 3 Ms_______ 1954 A O Non-conv debenture 4 s ____1955 J J Non-conv debenture 4s_____ 1956 M N Convertible debenture 3 Ms. .1956 J J Convertible debenture 6s____ 1948 J J Registered____________________ J J Collateral trust 6s___________1940 A O 7s European loan d o lla rs..-.1925 A O 7s European loan francs____ 1925 A O Debenture 4s_______________ 1957 M N Consolidated R y non-conv 4s 1930 F A Non-conv debenturs 4s___1954 Non-conv debenture 4s___ 1955 Non-conv debenture 4s___1955 Non-conv debenture 4s___ 1956 N Y & Northern 1st g 5s_____1927 N Y Ont & West 1st g 4s. June 1992 M S Reg $5,000 only______ June 1992 M S General 4s_________________ 1955 J D Registered_________________ J D N Y Prov & Boston gen 4s____1942 A O N Y & Putnam 1st con gu g 4 s .1998 A O N Y & Rockaway Bch 1st g 5s. 1927 M S N Y Susq & West 1st ref g 5 s ..1937 J J Second gold 4M s____________1937 F A General gold 5s_____________ 1940 F A Terminal 1st gold 5s________ 1943 M N N Y Westches & Bos 1st 4MS..1946 J J Nord Rys s f 6Ms int rects___ 1950 A O Norfolk South 1st & ref 5s A . . 1961 F A Norfolk & South 1st g 5s______ 1941 M N Norfolk & Western gen g 6s__ 1931 M N Improvement & ext g 6s____1934 F A New River 1st gold 6s______ 1932 A O N orf & West Ry 1st con g 4s. 1996 A O Registered_______________ 1996 A O Div 1st & gen g 4s_______ 1944 J J 10-year convertible 6s____1929 M S Pocahontas C & C joint 4s. 1941 J D North Cent gen & ref 5s A ____1974 M Northern Ohio 1st gu g 5s_____1945 Northern Pacific prior lien 4 s ..1997 Registered__________________1997 Gen lien ry & Id gt 3s..Jan 2047 R eg istered __________Jan 2047 R ef & impt 4Ms Series A __ 2047 Registered___________________ R ef & impt 6s Series B _____ 2047 Registered___________________ R ef & impt 5s Series C _____ 2047 R ef & impt 5s Series D _____ 2047 St Paul & Duluth 1st 5s____1931 1st consol gold 4s________ 1968 North Pac Terminal 1st 6s____ 1933 Northern Ry o f Calif gu 5s____ 1938 North Wisconsin 1st 6s_______ 1930 Ogden & Lake Ch 1st gu g 4s..1948 Ohio Connecting R y 1st 4s____ 1943 M S Ohio Ind & W 1st pref 5s..A p r 1938 J Ohio River RR 1st g 5s_______ 1936 General gold 5s_____________ 1937 Oregon & Calif 1st gu g 5s_____ 1927 Oregon R R & Nav con g 4s____ 1946 Oregon Short Line 1st con g 5s.l946 Guaranteed con 5s_________ 1946 Guar refunding gold 4s_____ 1929 Oregon-Wash 1st & ref 4s_____ 1961 Pacific Coast Co 1st g 5s______ 1946 J D Pacific RR of M o 1st ext 4s__ 1938 F A 2d extended gold 5s________ 1938 J J Paducah & Illinois 1st s f 4M S..1955 J J Paris-Lyons-Med RR 6s_____ 1958 F A Sink fund extl 7s___________ 1958 M S Paris-Orleans RR s f 7s_______1954 M S Paulista Ry 1st & ref 7s_____ 1942 M S Penn RR consol gold 4s_______1943 M N Consol gold 4s_____________ 1948M N Stamped dollar bonds___ 1948 M N Consol issue o f 1915__ 1960 F A General 4 % s Series A _______ 1965 J D General 5s Series B _________ 1968 J D '10-year secured 7s_________ 1930 A O 15-year secured 6M s_______ 1936 F A Registered___________________ F A 40-year 5 s _________________ 1964 M N Pennsylvania Co— Guar 3Ms coll tr reg ctfs__ 1937 M S Guar 3Ms coll tr ctfs B ____ 1941 F A Guar g 3 Ms tr ctfs Series C . . 1942 J D Guar g 3U s tr ctfs Series D . . 1994 J D Guar gold 15-25-year 4s____1931 A O 40-year guar tr ctfs 4s Ser E.1952 M N Peoria & East 1st cons 4s_____1940 A O Incom e4s__________________ 1990 A pr Peoria & Pekin Un 1st 5Ms A ..19 74 A O Pere Marq 1st 5s Series A _____1956 J J 1st 4s Series B ______________ 1956 J J Phila Balt & Wash 1st g 4s___ 1943 M N General 5s Series B _________ 1974 F A Philippine R y 1st 30-yr s f 4 s . .1937 J J Pine Creek registered gu 6s___ 1932 J D P C C & St L gu g4M s Series A . 1940 A O Con 4M s Series B guar_____ 1942 A O Con 4 Ms Series C guar_____ 1942 M N Con 4s Series D guar________1945 M N Con 3 Ms Series E guar g____1949 F A Con 4s Series F guar g ______ 1953 J D Con 4s Series G guar_______ 1957 M N Con 4s Series H guar_______ 1960 F A Con 4Ms Series I guar______ 1963 F A Con 4 Ms Series J guar______1964 M N Gen 5s series A _____________ 1970 J D Registered___________________ J D General g 5s ser B temp_____ 1975 A O 23,000 3.000 9.000 10,000 77.000 586,000 77.000 1,000 5,000 14.000 3,000 Price Jan. 2 1925. Bid. 75M 73 M 90 M 88 % 93 102 M 94 90 89 91M 99 M 97 M 92 78 M 109 -----101 ------ 56 56 % 59 M 60 86 87 Sale Sale 61 Sale Sale Sale 12,000 6,000 6,000 11,000 75.000 7.000 8.000 Sale 29,000 97 Sale 96 Sale 54 M Sale 4,000 15,000 55 M 54M 2,000 6,000 54M 67 % 67 k 64 M 63 60 M 85 M 81 k 99 M 67 59 61M 92 61M 82 M 71 % 91M 107 M 107 Vs 106 k 88 M 75,000 11,000 19.000 2,000 12.000 1,000 3.000 2.000 442.000 350.000 64,000 3,000 3.000 153.000 3.000 53.000 89 M 44.000 131M 17.000 90 % 33.000 101 10.000 87 M 267.000 84 M 15.000 83 M 58.000 60 % 18,000 85 M PRICES I N JULY. July 1. Ask Bid. 76 M 78% 80 92 93 M 89 91k 93 M 95 % Sale 103 M Sale 97 M 92 Sale 89 92 93 M 101M 97 M 92M 83 M 79 k 78% 103 M 99 k 1,000 99 k 89 k 1.000 61k 2,000 210.000 74.000 8.000 5.000 7.000 478.000 183.000 96.000 107.000 34.000 3,000 90.000 359.000 184.000 238.000 222.000 966,000 1,000 74.000 5.000 3.000 111,000 66 62 57 55 M 62 60 56 M 91k 2,000 1,000 1.000 80 89 % 98 M 93 M 79 M 87 M 82 90 k 96 Sale Sale Sale 88 97 k 98 91k 91 M Sale 90 M Sale 98 k Sale 93 M Sale 101 M Sale 108M Sale Sale 110 98 M Sale 84 k 83 82 82 94 k 85 76M 35 M 96 96 96 89 % 89 M 89 M 89 M 85 M 84 84 _9 5 k Sale 78 M Sale Sale Sale 100 103M 97 M 97 96 M Sale ------------------- Ask. Sale Sale 77 77 k 76M Sale 92 M Highest. July 7 July 1 July 1 July 13 93 Vs July 30 93 Vs July 30 100 k July 13 101M July 1 93 M 93 80 July 13 July 17 93 % July 8 80 July 17 Sale Prices. Sale Prices 75 Jan. 6 78 Vs June 8 75M Apr. 13 76 M July 2 Jan. 6 94 Vs Apr. 27 91 Jan. 19 89 Jan. 19 89 92 Vs Jan. 96M Mar. 30 104 M Mar. 19 102 M Jan. 98 % June 4 93 Vs Jan. 90 Jan. 93 M June 3 Mar. 12 Mar. 12 89 89 93 Vs July 30 95 M M ay 15 Mar. 14 101M July 1 99 91 Apr. 6 94 75Vs Feb. 16 80 100 M 108M 64 k 60 59 M 60 M 54 Vs 61M 62% 6 1 k 62 52 M 56 Vs Sale 90 58 k 60 M 60 M 60 k 107 59 k ------61 k 63 59 Vs Sale 59 M ------62 91k 91 % 99 M 95 M 75M 85 k 84 k 99 M 95k 92 M 92 M 100 93 101 Vs 108 110 k 108 98’M 64 k July 29 64 Vs July 17 55 M 62 61 k 56 90 88 93 July July July July July July July 55 M 62 62 M 56 M 92 88 96 59 59 Sale 101 72 k 62 k 62 M 100 69 k 59 Vs 60 97 Sale 68 Ys Sale 82 Vs 82 80 96 Vs 108 107 107 Vs 107% Sale 90 87 Vs 91M 88 M Sale 103 % 92 M 90 k 102 k 101M 89 k 89 87 k 83 M 85% 82 Vs Sale 60 59 Vs 87 82" Sale 105 Vs Sale Sale Sale Sale 63 Sale 99 Sale Sale 82 Vs 97 Vs 108M 107M July 89% July 89 July Sale 88 M July Sale 128 k July 91 Vs 90 % July 102 M 102 Vs July 90 88 % July 84 83% July 84 M 83 Vs July Sale 60 July 85Vs 85 M July 18 Sale 105M July' 29 95 % Sale 95 M Sale 96 Vs July 23 95 M July 31 75 92 ------100 97 Sale Sale Sale 100 ------Sale 93 Sale Sale Sale Sale Sale 111 Sale 86 Vs July 100 July 69% July 59 Vs July 60 July 97 July 66 July 81 Ys July 80 July 96 Vs July Sale 85% July 109 % July 86 k Sale 109 91k 90 M 96 94 M 77 84% 84 100 k 94 Vs 91% 8 July 24 60 % July July 24 60 % July 61 July 13 61 ------Sale 100 k ------- 100 Vs July 1 100 % Sale 68 68M 68 July 1 70 _____ 64 M 62 M 63 M 63 M July 24 64 M 86 Vs 85 Vs July 3 July 2 July 2 July 2 July 2 July 23 July 30 57 k July 29 59 M July 74% 74 M July 99 M Sale Sale 104 % 103 Vs Sale Sale 98 Vs July 100 k July 89 July 104 July 104 k July 97 Vs July 81 July Jan. Jan. Jan. Apr. Jan. Jan. Apr. Jan. Jan. Apr. Jan. Jan. Jan. 55 59 Jan. 8 July 24 96 92 M 100 93 Vs 102 % 108M 110 k 97% July 31 8 22 30 1 99 Vs 97 M 95 Vs 94 M July July July July July July July 20 19 13 2 29 68 60 61 60 65 65 Vs 59 M 92M 90 96% 100 % 100M 61M Feb. Jan. M ay Feb. Feb. Feb. Feb. M ay Feb. June Feb. Feb. M ay 25 30 2 26 24 28 25 21 25 3 18 26 22 Feb. 27 Mar. 4 May 97 70 % 84% 84 98 108 10SM 108 92% 89 92 134 93% 103 94 87 84 Vs 62 Ys 60 87 M 85 % 108 M 1L106M 14 97 M 12 98 M ay Jan. Feb. Apr. Jan. 4 98 % 2l!l09M 21 103% 23 104M 22i 75% M ay July Mar. Mar. July 4 1 27 20 11 May Feb. Apr. May Apr. July July July July July July July July July July July 30 24 10 23 7 8 9 2 28 3 7 July 1 July 10 July 30 July 6 7 94 M July 7 July 2 69 M 65 86 M 87 Vs 100 Vs 76 68 66 5 101M M ay 2 8 100 M ar. 9 2 101 Vs Feb. 12 6 90% June 4 29 107 M ay 7 29 107 M ay 8 2, 97M Feb. 9 31 85 M ay 21 82 Jan. 98 % 94% 70% 80% 80 97 91 M 86 Ys 90 M 98M 92 Ys Jan. 5 100 Jan. 21 96 Apr. 80 Vs Apr. 89 Apr. 90 Jan. 101 Ys Feb. 95% Feb. 96 Jan. 93 Jan. 5 100 July 30! 95 July 30ll03M June 15 110 Jan. 16 111M June 6 109 % May 7 98% 6 94 Feb. 26 7 M ay 18 M ay 15 Jan. 12 Jan. 5 Jan. 16 July 22 June 30 July 17 Mar. 28 Jan. 14 Jan. 13 Feb. 20 Feb. 13 Mar. 19 June 6 Jan. 22 90 M Jan. 28 98 % Jan. 17 27 1 7 6 100 7 107 % 27 109% 109 M July 6 97% 29 95% July 29 29 95 Vs July 29 22 99 M July 9 15 99 Jan. Jan. Mar. June June 21 27 18 25 17 11 19 20 23 24 13 11 3 15 11 20 3 16 18 19 4 18 19 4 30 27 19 21 18 11 26 24 7 98 % Jan. July 8 98 Vs July July 1 100M Jan. July 6 88% Jan. July 27 103 Vs Jan. July 8 103 Vs Jan. July 2 96M Jan. July 1 81 July 86 81% 96 M 85% 80 34 Vs 100M 100 84 % 93 M 106M 43 M 100M 107 M 99 Vs 100 % 91M Feb. Apr. Feb. June June Feb. Feb. Feb. July Feb. Jan. June July Apr. Apr. Mar. June M ay Apr. Mar. Feb. M ay Mar. June June June Mar. Jan. Feb. Feb. M ay Feb. Mar. 85% July 109 % July 6 7 84 M 1 109M 102 103% 9 75% July 11 71% July July July July July July July 87 86 M 86 83 k 84 Vs 83 % 84 82% 86% 82 M 84 80% ------- 81M July 82 M 95 % July 95 M Sale 85 Vs 87 85 M 86% 85% July 78 80 80 Vs 81 79 % July 33 34 M 33% 34% 33 M July Sale 99 % July 99 k Sale 100 96 97 k 98 July 99 M Sale 82 83 % July 83 k Sale 93 M July 93 M 93 M 106k 105 M July 106M 107M 104 Sale 43 41M July 41M Sale 105 Vs 106k 96 July 99 Vs Sale 96Vs 97 96 M July 96 k 97 k 94 95 Vs July 95 Vs 95M 89 % 93 Vs July 93 Vs Sale 92 93% 98% 89% 94 M July 93 95 % July 95 Vs July 9 5 k ------98 % Sale 99 Sale 96 M July 97 ____ 98 Vs Sale 98 Vs Sale 97 Vs July 61 60 55 k 55 60 56 51M 87 83M 91 97 96 53% Apr. Apr. Jan. Jan. Feb. Jan. July M ay Feb. Jan. Apr. Jan. Mar. Jan. Apr. Feb. Jan. Jan. Jan. Apr. July Jan. Apr. July Apr. Apr. Apr. July 92 91M July 10 91 Vs July 6 91 Vs 90 k July 28 91M July 8 99 Vs July 16 100 July 3 98 % 95 M July 6 95 M July 6 Sale 75 Vs July 77 July 23 Sale 84 % July 86 % July 7 Sale 84 July 85 Vs July 7 100 July 101 Vs July 22 91 % 92 Vs 99 92 M 100 107M 109 Vs 19 19 8 5 28 June 24 July 17 July 13 57 M M ay 21 64 Mar. 13 July 27 100 Jan. 18 100M July 24 July 15 65 Feb. 24 70 M M ay 6 100 Sale 92 Vs 99Vs 92 M 92% Sale 100 Sale 108M 110M Sale 108 111 Sale 96 Jan. M ar. Apr. Feb. June 63 65 86 M >k July 14 82% 100 % July 8 100 71 % July 2 66 M 59 M July 13 59 M 60 July 31 59 M 97 July 23 93 69 July 24 59 Vs 82 Vs July 7 79 M 81 % July 9 70 Vs 98 July 3 94% 106k 108 Vs 107 % July 18 106 91% July 3 88 July 7 86 89 91M July 18 88 % 132 July 20 125M 92 July 2 90 % 103 July 11 101M 89 % July 7 86 86 M July 3 83% 84% July 15 82% 62 July 1 60 59 M 86 M July 8 83 Vs 85% 107 Vs July 10 105k 105 97 July 11 95% 97 July 6 95% 8 98 M 30 101 Vs 31 90 M 29'104 M 22 106 M 28 97% 31 84 Highest. Lowest. Prices. Sale Prices. July 31 78 M July 7 July 2 76 M July 2 July 28 94 July 3 Sale 94% July 22 95 % Sale 102M July 18 103 M Sale 96 July 30 97% 91M 91 Vs July 28 92 M 96 M 95 M Sale 86 M 82 % 86 k 100 M 71% Sale 59 M 62 60 Sale 97 94 66 Sale 82 Sale 81 Sale 96 Vs 108 M 107 108 107 k Sale 90 k 88 M 90 M 91 Sale 128k 91k 91 102 M 102M 87 M 89 86 k Sale 84 M Sale 62 Sale 59 M 86 Sale 9 4 k _____ 94 M ------88,000 100 k 100k 378,000 66 M 60 M 55 k 63 M 62 M 56M Sale 101k 73 M 91 89 M 103 102 100 98 ------- 98 k 100k 98 Vs 100 Vs Sale 101k Sale 100k 89 88 M 88 M 90 k 91 104 Sale 105M 106 104 105 Sale 105 k Sale 103 97 Vs Sale 97 M 96 k Sale Sale 81 84 82 Sale 32.000 203,000 98 M 4.000 82 1.000 92M 10.000 103 28,000 26,000 58.000 3,000 20.000 Ask Bid. 77 79 80 77 M Sale 92 ys 91 h 94 Vs 97 Sale 102M Sale 96 M 93 M 91M 89 93 Vs Sale 100 % 97 94 92 k 83 M 80 78 RANGE SINCE JAN. 1. Lowest. 100M 106 99 % 100M 100M 100M 100M 100M July 28 100M July 24 99 Vs 90 k ------- 90 k ------91M 32.000 95 96 M 96 M 63.000 ____ 96 M 96M 1 0 0 M _____ 100 k 1,000 80 k ------85 11,000 109M 109k 109 k 1 0 0 M _____ 104 M 101k 27,000 70M 73M 74 k 91 90 k ------88 k 85 k ------67.000 45.000 3.000 17.000 169.000 July 31. 100M 101M 106M 108M 106 60 M 100 Vs 68 68 Sale 65 M 60 k 64 65 369',566 106 % Sale [V ol. 121. 86% May 86% M ay Jan. 83 84 June 82 Ys Apr. 83 June 82 Vs June 81 Ys July 94% Jan. 96% July 85 Jan. 86 Ys M ar. 82% June 77% Apr. 31Vs Apr. 36 Vs June Apr. M ay 99 101 100M M ay 97 M Jan. 81 Vs Jan. 85 Apr. 92 Vs Mar. 94 Vs Apr. 104 Jan. 108 M ay Mar. 40 44 M Feb. 105 % Mar. 105M Mar. 96 Jan. 99% June 96 Jan. 97% July 95 Vs July 96% June 89% Jan. 94% July 90 M Jan. 93% June 93% June 93% June 90 % Feb. 94% July F eb. June 91 94 95 Feb. 96 Vs M ay June 94 % Mar. 96 Jan. 96 Ys July 22.101 16 17 2 5 24 7 9 9 13 9 25 14 22 20 14 3 10 23 6 4 18 7 23 11 5 6 97 Vs July 15 99 k M ay 4 A ug., 1925.] BONDS N. 7 . STO C K EXCHANGE. P'S Sales in July. p •5a. Par Value. Pitts & Lake Erie 2d 5s__ Jan 1928 A O Pitts M cK & Yough 1st gu 6s_1932 J J 2d guar 6s_________________ 1934 J J Pitts Shen & L E 1st g 5s_____1940 A O First consol gold 5s________ 1943 J J Pitts Va & Char 1st guar 4s__ 1943 M N Pitts Y & Ash 1st con 5s______ 1927 M N 1st gen 4s series A ___________1948 J D 1st gen 5s series B ___________1062 F A Providence Securities deb 4s___ 1957 M S Providence Terminal 1st 4s____ 1956 M S Price Jan. 2 1925. Bid. 100% 104 102 1,000 101 Ask. 101 ... ... — 87 . . . 89% . . . 86 ... Term Assn of St L 1st g 4% s__ 1939 A O First cons g 5s______________ 1944 F A Gen ref s f gold 4s__________ 1953 J J Texas & N O cons g 5s________ 1943 J J Texas & Pacific 1st g 4s_______ 2000 J D Second gold income 5s______ 2000 Mar Louisiana Div B L 1st g 5 s ..1931 J J Tex Pac— M o Pac Term 5% s.-1964 M S Toledo & Ohio Cent 1st g 5s___ 1935 J J Western Div 1st g 5s_______ 1935 A O General gold 5s_____________ 1935 J D Toledo Peoria & West 1st 4s___1917 J J Tol St L & West pr lien 3% s ..1925 J J Fifty-year gold 4s___________1950 A O Tol W Va & Ohio 1st gu 4% s A . 1931 J J 1st guar 4% s series B _______ 1933 J J 1st gu 4s series C ____________ 1942 M S Tor Ham & Buff 1st 4s________ 1946 J D Ulster & Delaware 1st con g 5s. 1928 First refunding gold 4s______ 1952 Union Pac RR & land gr g 4 s ..1947 Registered__________________1947 20-year conv 4s_____________ 1927 Registered____________________ First & refunding 4s__ June 2018 M S 1st lien & ref 5s________ June 2008 M S 10-year seemed 6s___________1928 J J U N J RR & Canal Co gen 4s__1944 M S Utah & Northern gold 5s______ 1926 J J 1st extended 4s_____________ 1933 J J Vandalia consol g 4s A ________ 1955 F A Consol 4s, series B __________1957 M N Vera Cruz & P 1st gu g 4 % s___ 1934 J J July 1914 coupon on____________ J J Assenting 1st g 4 % s________ 1934 PRICES I N JULY. July 1. Bid. 100% 106% 106% 102 100% 1,000 1 0 0 % _____ 1,000 8 8 % ------2,000 100% 101% 102 102% 1,000 50% . . . 5 2 % ------- 1,000 81% . . . Beading Co gen gold 4s_______ 1997 J 4,000 95 % Registered__________________1997 J Jersey Central coll g 4s_____ 1951 A O 103.000 89 89% Gen & ref 4 % s_____________ 1997 J J 187.000 93% Sale Rensselaer & Saratoga 6s______ 1941 M N 110% Richm & Danv deb 5s stamped. 1927 A O 99 % Rlchm & Mecklenburg 1st 4s__ 1948 M N 74% 77 6,000 100% 101% Richmond Terminal Ry 1st 5s. 1952 J J 2 1 ,0 0 0 92 % Rio Grande June 1st gu g 5s__ 1939 J D Rio Grande Southern 1st g 4 s ..1940 J 5 Guaranteed _ ________________1940 J 6 58.000 83% Sale Rio Grande Western 1st g 4s__ 1939 J 1st con & coll trust 4s series A 1949 A 52.000 72 % Sale 199,000 85 % Sale Rock Isl’d Ark & Loui 1st 4%s_1934 M Rutland-Canada 1st gu g 4s__ 1949 J 73 % 73 % Rutland 1st cons g 4% s_______ 1941 J 20,000 85 Vi 15.000 75% 76% St Jos & Grand Island 1st g 4s__1947 J 1,000 9314 St Lawr & Adirondack 1st g 5s. 1996 J 1,000 99 Vi 102 2d gold 6s___________ ..1996 A 3,000 93 % 94% St Louis & Cairo gu g 4s______ 1931 J St Louis Iron M tn & South— 68.000 Gen con ry & land grant 5s. .1931 A 137,000 91% Sale Unif & ref gold 4s___________1929 J J Registered 381,000 84 Vi Sale River & Gulf Div 1st g 4s__ 1933 M N 14,000 99% 99% St Louis Mer Bdge Ter gu g 5s. 1930 A O St Louis-San Fran (Reorg Co)— 876,000 71% Sale Prior lien 4s series A ________ 1950 Registered 448.000 85% Sale Prior lien 5s series B ________ 1950 188.000 101 % Sale Prior lien 6s series C ________ 1928 497.000 94 Prior lien 5% s series D ______ 1942 Sale 803.000 85% Sale Cum adj 6s series A ____July 1955 Income 6s series A _____July 1960 Oct 1,085,000 78% Sale St L & San Fran Ry gen g 6 s ..1931 J J 105% 15,000 100% Sale General gold 5s_____________1931 St L & S F RR cons g 4s___ 1996 90% South West D iv g 5s______ 1947 96% St Louis Peoria & N W 1st gu 5s 1948 101% 103% St Louis Southern 1st gu g 4 s .. 1931 M S Sale 93 60,000 80% Sale St Louis Southwest 1st g 4s____1989 M N 7.000 73 2d gold 4s income bon d.N ov 1989 J J 74 134,000 85% Sale Consol gold 4s______________ 1932 D 76.000 82 1st terminal & unif 5s_______ 1952 J Sale 88.000 80% Sale St Paul & K C Sh L 1st 4%s.__1941 A 2.000 90 St Paul E Grand Trunk 4%s__1947 J 14.000 93% 94% St Paul Minn & Man cons 4s. .1933 J 2,000 91% Registered_____________________ J 1,000 10814 109 1st consol gold 6s___________1933 J Registered_____________________ 2,000 107% 109 J 10.000 99 6s reduced to gold 4 % s_____ 1933 Sale T Registered___________________ J 9,000 91% 93% Montana Ext 1st gold 4s____ 1937 D Registered____________________ D 90% 92 Pacific Ext sterling gu 4s____ 1940 J 89 50,000 100 Sale St Paul Union Depot 1st 5s___ 1973 J 122,000 81 San Ant & Aran Pass 1st gu 4s. 1943 J Sale 8,000 98 % Santa Fe Presc & Phenix 1st 5s. 1942 M S 1,000 107% Sav Fla & West 1st g 6 s ______ 1934 A O 1st g 5s_______ 1934 A O 101 Scio Vail & N E 1st gu g 4s___ 1989 M N 87% 89 11,000 74 Seaboard Air Line g 4s________ 1950 A O 77 33.000 74% Sale Stamped___________________ 1950 A O Adjustment 5s__________Oct 1949 F A 1,205,000 74% Sale 183.000 60 Refunding g 4s____________ 1959 A O Sale 401.000 84% Sale 1st & cons 6s series A _______1945 M S 54.000 83% 84 Atlan-Birm‘ Div 4s___ M ay 1933 M S 6,000 100 Seaboard & Roanoke 1st 5s___ 1926 J J 100% 18.000 102 South & Nor Ala gu 5s________ 1936 F A 104 1,000 103% 104% Gen cons gu 50-year 5s____ 1963 A O Southern Pacific Co— D 211.000 84 4s g Central Pac coll____ Aug 1949 Sale Registered____________________ D 79% 82% 902,000 96% Sale Convertible 4s________ June 1929 M S 28,000 99% 100 Convertible 5s_____________ 1934!J D 10,000 20-year gold 5s_______ _____ 1944 M N 70,000 84% 84% San Francisco Term 1st 4s__ 1950 A O 2,000 78% Registered_______________ 1950 A O So Pac o f Calif 1st cons 5s_____1937 M N ____ 101 South Pac Coast gu 4s________ 1937 J J 93% 95 758.000 88% Sale South Pac RR 1st ref gu 4s____1955 J J 293.000 100% Sale Southern Ry 1st cons 5s______1994'J J 3.000 Registered_________________ 1994 J J 681.000 73% Sale Devel & gen 4s series A _____1956 A O 290.000 103 Devel & gen 6s____________ 1956 A O Sale 372.000 107% Sale Devel & gen 6% s series A __ 1956 A O Memphis Div 1st g 5s______ 1996 J J 29.000 99% 100 Sale St Louis Div 1st g 4s_______ 1951 J J 40.000 86 20.000 82% 83% Mobile & Ohio coll tr 4s___ 1938 M S 10,000 102 So Caro & Ga 1st ext 5 % s____ 1929 M N 102 % 7.000 83% Sale Spokane Internal 1st g 5s_____ 1955 J J Staten Island R y 1st 4 % s_____ 1943 J D 68 ------Sunbury & Lewis 1st g 4s______1936 J J 8 9 % ------Superior S L 1st 5s______ June 1930 M S 19 BONDS-STOCK EXCHANGE RECOBD 23.000 95% 96 4.000 100 ____ 29.000 82% 83 2.000 85.000 6,000 12,000 16,000 2,000 25,000 8,000 2,000 2,000 1,000 7.000 24,000 412.000 6.000 345.000 99% 88 98% 99% 100 99% 96 30 99% 82% Sale 95 Sale Sale 99% 96% 38% Sale Sale 95% 97 8 9 % ------83% 85% 86% 92 57 62 91% Sale 89% 93 99% Sale 8 1 % ------- 95 94% 92% 93% 111% 100% 78 101% 94% 5 6 86% 75% 88% 76 87% 81 95% 102% 95% 100% 96% 93% 88% 100 Bid. 100% 106% 103 102% 95 88% 100% 89% 101 54% 81% Ask. Sale 80 102% 95% Sale 75% Sale 77 Sale 83% Sale 97 Sale 100 94% Sale 95% 92% 87 Sale 99% 101 76% Sale 91% Sale 102% 103 99% Sale 90% Sale 87% Sale 1 0 5 % ____ 1 0 0 % ____ 96% 101% 84 96% 101% 90 99% 99% 101 100 98% 28 99% 85 96% 96% 89% 86% 85% 53% 93% 89% 99% 97% Sale 103 99% 100 100% 99% 31% 100 87 86% 54% Sale Sale Sale Prices. Sale 80 Sale Sale 7 85% Sale 87% 75% Sale 104 Sale 100 94 July 31 102 July 24 96 85% July 73% July 87% July 86% 77% 95% 102% 95 99% Sale 94% Sale 94% 87 Sale 100% 100 July July July July July 86% 75% 88% 89 82% 95% 102% 95% Highest. Feb. M ay M ay Jan. M ar. Apr. Jan. July 3 15 1 21 5 1 2 16 93% 94% 88 92% Mar. Apr. Mar. Feb. 25 18 31 11 99% 74% July 3 100 July 13 92% 5 6 July 1 82% July 15 71% July 1 85 74 July 2 85% July 6 75% July 1 94 July 25 101 July 22 94 Feb. Jan. July Jan. Jan. M ay Mar. Jan. Jan. Mar. Jan. Jan. Feb. Jan. Jan. July 3 92% July 20 93 July 11 93 July 16 94% July 17 July 30 100% July July 30 96 July 1 2 July 31 89 July 2 100 1 2 July July 99% 91% 93 83% 99% 102 82 74% 88% 87% 84 90% 94% 92% 107 105% 98% July July July July July July July July July July July 83% 74% 90% 89 86% 90% 95% 92% 108% 105% 99% 93% July 13 94 92% 80 72% 85% 81% 80 90% 94% 92% 107 105% 95% 97% July 10 87% 92 July July July July July July July July July July July 101 83 100% 109% July July July July 102% 85 100% 109% July July July July 78% 77% 80% 71 94 88% 100% 104% 103% July July July July July July July July July 78% 79 86% 72 95 89% 100% 104% 105 July July July July July July July July July 88 100 81 100% 107% 102 85% 85% July 14 87% July 85% 96% July 97% July Sale 101 July Sale 100% July 99% July 100% July 101 84% July 86% July 85 83 July 84 July 87% Sale 102% 102% 100% Sale 77% Sale 105 Sale 109% 102% 101% 87% 86% 84% Sale 102% 101% 84% 85 88 87% 74 74 73 59% 84% 83% 99% 102 % 103 7 84 81 96% 99% 99% 84% 83 103 94% 87% July July July July July July July July July July July 90% 104% 101 % 80% 106% 111 101 % 87% 87% 103 84% July July July July July July July July July July July 96% July 96% Sale 101% July 100% 83% 83% July 96% July 96% 100% July 100% 102 90 101% 99% 99% 99% July 99% 99% July 100% 100 % 100% July 100 101% 98% July 95 99 29 July 29% 31 96% 101% 84 96% 102 July 3 95% July 3 100 July 1 82% July 29 96% July 3 99% 100% i 99 73% 103 106% 99% 85% 82% 100% 83% 102% June Jan. 101 91% M ay 100% July 89% July 102 % June 59% M ay 81% July 96 95% 95 96 Jan. Apr. Jan. M ay 17 27 1 25 30 10 22 16 30 15 10 12 100% Apr. 16 79% June 3 96% 7 6 89% 75% 89% 77 89 82% 95% Feb. Apr. M ay M ay July M ay June July July June 102 % July 96% June 20 8 27 14 15 18 25 2 6 25 25 8 Jan. 6 100% Jan. 2 96% Apr. 16 93 Jan. 2 90 Jan. 23 100% M ay 28 June 5 Apr. 16 June 4 Jan. 23 101 % June 30 75% July 23 77% July 1 71 Jan. 74% Apr. 90 July 29' 91 % July Sale 85% Jan. Sale 102% July 7 103% July 101% Jan. 99 July 30100 July 7 93% Jan. Sale 90% July 2 93% July 28 84% Jan. Sale 87% July 1 95% July 28 76% Jan. Sale 105% 104% Apr. 100% July 3 100% July 9 100% Mar. ... 78 74% 93% 103% 100% 93% 95% 105% 101 M ay Apr. M ay July M ay July July M ay Jan. 6 20 23 8 20 28 28 9 21 Apr. 104% Jan. 93% Jan. 83% Mar. 78 Jan. 90% Jan. 90 Jan. 87% July 30 91% Jan. 96% July 94% July 109% July 105% Mar. 20 100% Feb. 18 98 June 26 95% Jan. 7 92% Apr. 21 89% Jan. 2 102 % Jan. 2 85% July 7 102 .Tan. 5 111 June 20 102 Feb. 4 90% Jan. 19 81% Jan. 6, 82% Mar. 31 86% Jan. 6 73% Jan. 2 95% Jan. 10 89% Jan. 29 101 % Jan. 20 104% Jan. 23 109 M ay 14 Feb. 17 M ay 25 M ay 7 M ay 20 M ay 21 M ay 29 Apr. 13 M ay 23 M ay 5 Mar. 10 July 31 M ay 29 Mar. 29 Apr. 14 June 6 Feb. 17 July 2 M ay 9 June 25 Mar. 19 June 20 June 15 June 2 M ay 6 July 28 M ay 10 M ay 22 June 1 June 16 July 10 M ay 26 Jan. Jan. Jan. Jan. July Jan Feb. Jan. Jan. July Jan. Jan. Jan. Jan. Jan. Jan. Jan". Jan. Jan. Apr. Jan. June M ay M ay June Feb. Feb. Jan. Apr. July July June M ay M ay June Mar. M ay M ay Feb. 2 8 8 % June 20 2 3 22 5 16 28 15 31 15 15 3 2 6 81 98 103% 101 88% 85% 103% 94% 92 104% 101% 80% 107 111 102 % 87% 88% 103 87% 3 20 2 28 23 19 27 14 22 24 23 11 25 6 6 11 14 25 25 10 102% 85% 86% 9 7 % ------97% Sale 90 _____ 8 5 % ------------ 85% 53% Sale 91 Sale 8 9 % ------99 Sale 99% July 6 99% July 29 100% July 14 31 July 17 July 7 85% July 97% July 97% July 86% July 27 97% July 28 97% July 31 86% 84% 53% 91 91 98% 86% 87 55 93% 91% 99% July July July July July July 84% July 31 87% 84% Sale 95.000 84% 84% 87% Sale 89% Sale 103 106% 106% July 10 107 69.000 104% Sale 135,000 103% Sale 104 Sale 103% Sale 103% July 27 104 92% July 24 93 92% 93 92% 93 5.000 91 100% io 6% 100% Sale 100% July 31 100% 5.000 100% 101 9 3 % ------- 9 3 % _____ 9 3 % ------8 6 % 8 8 % 8 7 % ------- 8 7 % _____ ------- 8 7 % ------8 6 % 8 8 % 82 21% Lowest. Sale Prices. Sale Prices. 99% Mar. 21 101 Feb. 7 75% Sale 90% 102% 99 92 93% 103% 100% 84% 81% Sale 97 100% 101 100% 100 Sale 84% 78% 84 102% 94% Sale 87% Sale 102% 99% 77% 80% Sale 105% Sale 106% 110% Sale 110% 99% 101% 102 86% 87% 86% 84% Sale 101% 103 82% 84% 86 75% 70% 91% 91% 99 87% Sale Prices. 94% July 20 95 102% 103 101% 102% 9 3 % -----82 83 Sale Sale 72% 75 77 89 90 Sale Sale 87% Sale 88% Sale 83% 84 86% Sale 90% 9 0 % -----95 95% 94 95% 92% Sale 108% 109% 107 Sale 106% 109 105% Sale 98% 99% 99% Sale 98 99% 97% 99% 92% 94 94 93 90% 94% 90 93% 87% 88% 87% 89% 102% Sale 101% Sale 81% 83 84% 85 99% 108% 100% 109% 111 109% 111 102% 101 90 93% 80% ------ 78% 78 78% Sale 78 Sale Sale 81 84 Sale 71 % Sale 71% Sale Sale 93% Sale 94 89% Sale 88% 89 100% 101% 100 100% 103% 104% 102 104% 99% 108 103% Sale 86% 81% 97% 100% 99% 86% 82 102% 94% 905 103 Highest. 102% July 10 102% July 10 100% 100% 91% 100% July 25 100% July 25 100 89% July 13 89% July 30 87 101 % July 22 102 July 7 100% 54% July 28 54% July 28 53% 81% July 16 81% July 16 81% 94% 90% 93% 111% 100% 74 100 94 5% 6% 84% 74 87% 73% 86 77% 91% 102% 95 RANGE SINCE JAN. 1. Lowest. July 31. July July July July July July 13 15 6 1 13 28 July 6 July 10 July 1 July 7 July 8 98% 98% 99% 99% 96% 28 99% 82% 97% 97 89% 84% 84% 50% 90% 89% 98% 98 84% 104% 103% 92% 100% Jan. 12 98% M ay 18 Jan. 5 101% M ay 18 Apr. 1 85% M ay 12 July 29 99 M ay 29 Jan. 2 102% M ay 16 Jan. Mar. Feb. Jan. Jan. M ay Jan. Jan. July Jan. Jan. Apr. June Feb. Jan. Jan. Jan. Jan. July Jan. July Feb. July 99% J u n e 10 100% Feb. 18 101 % J u n e 29 100 % M a y 20 99% 31% 99% 87 97% 97% 89% 86% r92% 62 94% 93 99% 98 90 107% 104% 93 101% Apr. June Jan. June J u ly J u ly J an . J an . J an . J an . 6 17 13 17 28 31 28 30 23 8 Apr. 24 Apr. 24 J u ly 28 J an . 22 Apr. 24 June 4 J a n . 27 J u n e 29 J a n . 27 86% Jan. 21 87% M ay 27 86% Apr. 30 86% Apr. 30 24% Jan. 20 24% Jan. 20 20 BONDS-STOCK EXCHANGE RECORD BONDS N. 7 . STOCK EXCHANGE. Sales in July. Par Value. Verdigris Val Ind & West 1st 5s 1926 M S Virginia Midland 5sser E 1926-1926 M S SsseriesF___________________1931 M S General 5s____________ 1936 M N Va & Southwest 1st gu 5s_____ 2003 Q J First cons 50-year 5s________ 1958 A O Virginian R y 1st 5s ser A _____ 1962 M N Wabash 1st gold 5s____________ 1939 M N Second gold 5s_______________1939 F A R ef s f 5% s ser A temp_____ 1975 M S Deb B 6s registered________ 1939 J 1st lien 50-year gold term 4s_1954 J Det & Ch Ex 1st g 5s_______ 1941 J Des Moines Div 1st g 4s____1939 J Omaha Div 1st g 3 % s______ 1941 O Tol & Chic Div 1st g 4s_____1941 M S Waco & N W Div 1st 6s______ 1930 M N Warren RR 1st ref gu 3 % _____2000 F A Wash Cent R y 1st g 4s_______ 1948 Q M Wash Term 1st gu 3% s______ 1945 1st 40-year guar 4s________ 1945 F A Weatherf M W & N W 1st 5s_.1930 F A West Maryland 1st g 4s______ 1952 A West N Y & Pa 1st g 5s............1937 J General gold 4s_____________ 1943 A O Inc g 5s_______________April 1943 N ov Western Pacific 1st 5s A ______ 1946 M S 1st g 6s ser B _______________ 1946 M S West Shore 1st 4s guar_______ 2361 J J Registered_________________ 2361 J Wheeling & Lake Erie 1st g 5s. .1926 A Wheeling Div 1st g 5s______ 1928 J Exten & impt. gold 5s______ 1930 F A Refunding 4% s ser A ______ 1966 M S Wheel & L Erie RR 1st con g 4s 1949 M S Wilkes-B & East 1st gu g 5s---- 1942 J D Wilmar & Sioux Falls 1st 5s__ 1938 J D Winston-Salem S B 1st 4s____ 1960 J J Wisconsin Cent 1st gen g 4s— 1949 J J Sup & Dul Div & Ter 1st 4s_1936 M N Wor & Con East R y 4% s_____ 1943 J J Industrials Adams Express coll tr g 4s____1948 M S D Ajax Rubber 1st 8s---------------- 1936 Alaska Gold M deb 6s A ______ 1925 S s 10-year conv 6s ser B ______ 1926 o Amer Agric Chem 1st conv 5 s..l9 2 8 A 1st ref sink fund 7% s----------- 1941 A Amer Beet Sugar conv deb 6 s .-1935 Amer Chain 10-year s f deb 6s_1933 A O Amer Cotton Oil deb 5s______ 1931 M N J Amer Dock & Impt extd 6s____ 1936 O Amer Mach & Fdy s f g 6s------1939 Amer Republic Corp s f deb 6s. 1937 Amer Smeltg & R ef 5s ser A __ 1947 1st g 6s ser B _______________ 1947 Amer Sugar Refg 15-year 6s— 1937 Amer Tel & Tel Coll trust 4S..1929 Convertible 4s______________ 1936 20-year convertible 4 % s ____ 1933 M S 30-year coll trust 5s________ 1946 J D 35-year sink fd deb 5s______ 1960 J J 20-year sink fd 5 % s________ 1943 M N 7-year convertible 6s_______ 1925 F A Amer Water Wks & Elec coll 5s. 1934 A O Amer Writing Paper s f 7-6s— 1939 J J Temp interchang ctfs o f dep-----Anaconda Copper Min 1st 6s. .1953 15-year conv deb 7s________1938 Andes Cop Min deb 7s 25% pd 1943 Antilla (Comp Azuc) 1st 7%s_ .1939 Ark & Memph Bdge & Term 5s. 1964 Armour & Co 1st real est 4% s.l939 Armour & Co o f Dei 1st 5%s_.1943 Associated Oil 6% gold notes._1935 M S Atlanta Gas Lt 1st 5s________1947 J D Atlantic Fruit 7s ctfs o f dep__ 1934 J D Certif o f deposit stamped_______ Atlantic Refining deb 5s______ 1937 ■T J Baldwin Locom Wks 1st s f 5s. 1940 M N Baraqua (Comp Azucar) 7% s.l927 J J Barnsdall Corp conv 8s______ 1931 J J Bell Telephone o f Pa 1st 5s B —1948 J J Bethlehem Steel 1st ext s f 5s_.1926 J J 1st & refund 5s gu ser A ____1942 M N 20-year pur & imp s f 5s------1936 J J Cons 30-year s f 6s ser A ____1948 F A Con 30-year s f 5% s B --------- 1953 F A Bing & Bing temp deb 6 % s____1950 M S Booth Fisheries aeb 6s________ 1926 A O Botany Cons Mills 6 % s_______ 1934 iA O Brier Hill Steel 1st 5 Ms______ 1942 A O Broadway & 7th Av 1st con 5 s .1943 J D Ctfs o f dep stpd Dec ’24 int------- L Brooklyn City RR 1st 5s_____ 194i J Bklyn Edison Inc gen 5s A ____1949 J General 6s series B _________ 1930 J Bklyn-M Tr R T Sec 6s______ 1968 J J Bklyn Q Co & Sub gtd 5s_____1941 M N 1st 5s stamped--------- .______ 1941 J J Brooklyn Rapid Transit g 5s__1945 A O Trust co ctfs deposit___________ 1st refund conv 4s g ________ 2002 3-year secured notes 7s_____ 1921 Trust Co. ctfs deposit________ do stamped_______________ Bklyn Un El 1st g 4-5s_______ 1950 F A Stamped guaranteed_______ 1950 F A Bklyn Union Gas Co 1st g 5s_.1945 M N 10-year conv deb 7s________ 1932 M N 1st 1 & ref 6s A ____________ 1947 M N Buffalo & Susq gen s f 5s_____1932 J D Bush Terminal 1st 4s________ 1952 A O Consol 5s__________________ 1955 J Buildings 5s gu tax ex______ 1960 A O Cal G & E Corp unif & ref 5 s ..1937 M N California Petroleum 6 % s____ 1933 A O Camaguey Sugar sink fd 7s------ 1942 A O Canada Steamship Lines 7s___1942 M N Canadian General Electric 6 s ..1942 A O Central Dist Tel 1st 30-year 5 s.1943 J D Central Foundry 1st sink fd 6s. 1931 F Central Leather 20-year gold 5s 1925 A Registered______________________ A 1 Rt. lien si’iV fund 6 s ________ 1945 J Central steel ig ■sink fd 8s____1941 M N Clue o a s i j & u 1st gu g 5s------1937 J Chicago Rys 1st 5s---------------- 1927 F Chile Copper conv 6s ser A ____1932 A Cine Gas & El 1st & ref 5s____1956 A 40-year prior lien 5% s B Jan 1961 A Clearfield Bit Coal 1st 4s_____ 1940 J Colo Fuel & Iron Co gen s f 5 s ..1943 F Colo Indus 1st coll tr 5s gu____1934 F Registered_____________________ F Columbia Gas & El 1st 5s_____ 1927 J J Stamped Ool’& 9th Av 1st gu g 5 s .............1993 M S Columbus Gas 1st g 5s________ 1932 J Commercial Cable 1st g 4s____2397 Q $ 6,000 5.000 3.000 494.000 67.000 64.000 659.000 15,000 1,000 43,000 1,000 2,000 3.000 1.000 591,000 9.000 7.000 141,000 40.000 56.000 25.000 11.000 70.000 121,000 27.000 3.000 28,000 34,000 2.000 5,000 117,000 1,000 82,000 393.000 124.000 76.000 33.000 4.000 10.000 29.000 232.000 80.000 290.000 625.000 23.000 1.000 238.000 2.791.000 585.000 306.000 198.000 162.000 200,000 854.000 1.222.000 1,679,000 20.000 30,000 350.000 518.000 121.000 191.000 11,000 5.000 47.000 124.000 96.000 34.000 124.000 454.000 176.000 47.000 27.000 122.000 189.000 64.000 10.000 139.000 292.000 64.000 1,394,000 13.000 7.000 Price Jan. 2 1925. Bid. 99 % 100% 99 % 100 95 % 84 % 95 % 100 % 94 % 77% 99 % 80 % 72 % 82 % 102 77 % 81% 82% 80 88% 99 % 80% 34% 90% 101% 82% 80% 101 99% 97 68 70 63% 100 % 83 79% 85 PRICES I N JULY. July 1. Ask. Bid. 100 ioo% 100% 100% 100 % 98 % 91 90 % Sale Sale 100% 100% 102 99 Sale 97 78 % 81% 74 85 83 82 Sale 100% 81% Sale Sale Sale Sale _____ 100% 99% 68% 72% Sale 83% 80% 87 July 31. Ask. Ask. Bid. 100 _____ ioo% 100% 100% 1 0 0 % _____ 1 0 0 % ------102 97% 101 92% 92 Sale Sale Sale 98 Sale 101% 101% Sale 96 96% Sale 96% Sale 82 101 86 75 86 % 102 77 84 83% 89% 97% 65% 100% 81 35% 95% 103 84 82% 101% 99% 97% 76 76% 65 102% 84% 79 Vs 85% 75% Highest. Sale Prices. Sale Prices. 100% July 14 100% July 100% 91 97 % 101% 95% 95% 80% 83% 82 % 1 0 1 % ------- 101 86 _____ 76% 75% 76% 75% 87% 86 89 87% 83% 80% 85% 98% Sale Sale 81% 46 Sale Sale Sale Sale Sale Sale Sale Sale 103% 85% 80 86 77 84 82% 89% 96% 64% 100% 81% 35% 92% 90% 82% 81% 101 99% 97% 77% 77% 63 101 % 84% 78% 85% 75% 80% 88% Sale Sale 97% Sale 82 36 Sale RANGE SINCE JA N . 1. Lowest. July July July July July July 27 9 28 2 27 22 43.000 83 % Sale 62.000 83% 83% 39.000 99% 100% 1,000 31.000 8,000 91% Sale 5,000 84 44.000 86% 86% Sale 42.000 95 55.000 99 % 99% 96.000 100% Sale 93% 16.000 93 49,000 96% 97% 107% 107% 15,000 100 % 100% 7,000 95% 96% 100% Sale 99% 100 % 257.000 34.000 1 1 0 % -----10.000 99 % Sale 125.000 83 % Sale 498.000 110% Sale 45.000 57.000 101% Sale 77% 87 23.000 90 92 37.000 80 % Sale 100% Sale 107,000 19,000 100 % Sale 2,000 8 12 2,000 99 ____ 73 6,000 72 July 14 76% July 21 July 14 89 July 25 82 % 89 % 97% 64% 100% 81 July July July July July July 83 % 89% 97% 67 % 101% 81 % July July July July July July 92% 102% 81 % 81 % 100% July July July July July 95% 103 84 % 82 % 101 % July July July July 11 July 1 83 Sale Sale 78 Sale Sale 104 86 Sale 86% 82% 81 July 15 78% July 15 65 July 1 84% 78% 84 81 % 85% 80 86 81% July July July July 91% 96% 96 % 96 Sale 9 5% July 91 92 91 Sale 90 July 99% July 86 % 100% 100% 99% 99% July 103 % Sale 103 % 103% 103 July 99% 100 102 % 93% 100% 98 100 % 113% 101 77 107% 100% 104% 76 Vs 91% 82% 77 100% 100% 13% 99% 76% July 13 July 3 July 8 July 24 85 % July 102% July 7 1 July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July 31 1 10 2 10 10 16 3 23 1 9 10 7 30 17 3 6 8 13 8 1 6 21 8 13 9 2 8 7 10 8 100% July 6 103% July 107 July 106 July 103 July July 101 95% July 94 July 94% July 88 July 95% July July 81 96% July 100 % July 78 July 76% July July 102 % July 104% July 91% July 65% July 81 July 13 8 10 16 18 21 21 6 10 21 27 3 17 1 3 13 1 1 7 2 10 8 4% 102% 103% 102 99 96 106% 99% 97% 99% 108% 103 % 97% 94% 96% 102 98 103 % 135 96% 61 61 101 % 102% 99 91 % 94% 91 94% 103% 90 89% 101 % 176 110 92% 87% 92 96 Vs 101 103% 91 % 100% July July July July July July July July July July July July July 102% 101 102% 101 July 13 102% July 94% 92% 94% 93% July 3 95 July 100% 100 115 100% 75% 106% 101% 103% 76% Sale 90 83% 83 77 100 % Sale 100 % 13% 15 100% 99% 72 78 Sale Sale Sale Sale Sale Sale Sale Sale 99% 100% 99% 100 93 % 84% 95 100% 94% 94% 93% 77% 99 % 81% 74 84% Prices. Jan. 12 Feb. 24 Jan. 15 Jan. 14 Jan. 10 Jan. 2 Jan. 5 Jan. 6 Jan. 2 Apr. 8 Feb. 20 Jan. 16 Jan. 9 Jan. 6 Jan. 26 Feb. 4 Sale 100% 100% 101 102% 102 93% 101% 102% 99% 99 93% 83% 101% 86 77 89 Prices. M ay 4 Mar. 18 June 3 M ay 26 M ay 1§ M ay 23 M ay 21 June 23 June 15 Julyj 10 Feb. 20 Apr. 25 June 17 M ay 27 M ay 13 July] 25 84% 81% 89 Vs 95% 63% 99% 79% 45 90% 100% 81% 79% 100% 99% 99% 68 72 63 102 82% 78% 82% 76 Jan. Feb. M ar. Jan. Jan. Apr. Apr. Feb. Jan. Jan. Mar. Jan. July Jan. Mar. Jan. Jan. July Feb. Feb. July Feb. June 86% 85% 89% 97% 67% 101% 83 45 96 104 % 86% 84 101% 101 99 % 81 78% 67% 103% 87% 81% 87% 81% June Apr. M ar. July M ay July June Feb. June Mar. M ay June Mar. Jan. Mar. July July Feb. M ay Feb. M ay Jan. July 85 Jan. 94% Jan. 3% Feb. 4 M ar. 98% Jan. 94% Jan. 97 % M ay 96% Jan. 91 % Jan. 106% July 98 Jan. 91 % Jan. 95% Jan. 103% Jan. 99% Jan. 96% Jan. 89Vs Jan. 94% May 100 Feb. 94% Mar. 101 Jan. 125 Feb. 92% Jan. 44 Apr. 43 Apr. 99% Jan. 99% Mar. 9-4 Apr. 91 July Apr. Jan. Apr. 101% Jan 97% Jan. 18 Feb. 15% June 97 % Jan. 102 Jan. 103 Jan. 102% Jan. 100% Mar. 100 Vs July 93% Jan. 90 Mar. 93% M ay 85 Apr. 94% June 70 Vs Apr 95 July 97 Jan. 68 Mar. 67% Apr. 90% Jan. 99% Feb. 103 % July 82% Jan. 61 Vs Apr. 80 Jan. 92 84% 87% 8 7% July 84% 86% 85% July 99 % July 98% 100 176 July 135% 108 July 1 08% 110 94 91% July 91% 88 % 87 89% 86 Vs July 92 90% Sale 90 % July 109 91 21 31 28 9 20 24 76 July 76% July 63 July 88% 88 101 % 102 135% 7 July 22 July 31 July 1 July 1 July 1 July 10 88% 88% 87% 87% 101 % 92 100% 102 99 99 Highest. July 10 82% July 10 July 7 101 July 7 85 85 86 85 July 86 85 Sale 96 % Sale 101% Sale 100% Sale 100 % July 4% 4% 5 5 3% 5 4% 4% Sale 4% July 5 3% 5% 102% July 98% 98% 102% Sale 102% 103 95% Sale 102% Sale 103% Sale 102% July 101% Sale 100% 100% 100% July Sale 98 98 July 98% Sale 97% Sale 96 96% 94 95 95% July 91% 92 106 ------- 106% 107% 106% 108 106% July 99 99% 99% 99% 99 July 98 Sale Sale 97% 99 96 July 97 91 % Sale 97% Sale 98 July 98% Sale 96 Sale 104% Sale 102% Sale 107% 107% 107% July 100 Sale 102% Sale 102% Sale 102 % July 97% Sale 97% Sale 96% July 96 % Sale 92 94% 97% 92 July 94 90 % Sale 96% 96% 96% 96% July 1 0 6 % -----100% Sale 101 % Sale 101% Sale 101 % July 95% Sale 97% Sale 95% July Sale 102% July 103% Sale 103 101% Sale Sale 131 July 126 Sale 134% Sale 131 95% Sale 95% July 95% Sale 92 % Sale Sale Sale 57 55% July 61 45% Sale 56% 57 55 July 60 % Sale 46 Sale 100% Sale 100% Sale 100% July 99% Sale 102 % Sale 101% Sale 101% Sale 101 % July 98% Sale 95% July 95% Sale 100 Sale 91 July 91% Sale 92% 93 94% Sale 93% July 89% Sale 89% July Sale 90 Sale 85 94 Sale 94% Sale 93% July 91% Sale 101% Sale 102% Sale 102 % 102% 102 % July 98% 97 Sale 39% 19% 23 20 Sale 19% 23 18 22 99% 99% 99% July 97% Sale 99% 100 102% 104 102 % July Sale 103 102 104 % July 100% 103% 106 % Sale 102 % Sale 105% Sale 105% 105% 105 % July 102% Sale 102% Sale 102% Sale 102% July 100% 100 % 100% Sale 100% 100 % 100% July 93% 94% 94 % July 95% 96 93% Sale 92% Sale 92 July 93% Sale 90% Sale Sale 94% Sale 93% July 93% Sale 94 85 % July 86 86% 87% Sale 85% Sale 95% Sale 94% July 94% Sale 80% 85% 79 July 80% 82% 75% 87 95 July 95% Sale Sale 99% July 97% Sale 100% Sale 100 75% July 73% Sale 76% 78% 74% 76 75% July 74% 79 72 73% 76% 79 95% July 95% Sale 87% 91% 96% Sale Sale 101 102 Sale 101 July 99 % Sale 105 % 104% 104% 103 % July 103% 104 % 105 89% Sale 91% Sale 89% July 82% Sale 65% July 65% 67% 64% 66 66% 67 80% 85 70 80% 80% July 80 95 80 [V ol. 121. 99 % 113% 100% 101 Sale 75% Sale 106% Sale 100 % 104 % 104 Sale Sale 92% Sale July July July July July July July 101 30 July July July July July July July 91 % July 1 91 % July 82 % July 22 83% July 100% July 100 % July 13% July Sale 99% July 76% 73___July Sale 101 116 101 77 Vs 108 % 101% 104% 23 101 28 100% 22 13 Vs 27 99% 22 76 July July July July July 121 81% 81% 99% 155 107% 91% 84 86% 93% 98 100% 90 96% 107% 100% 93% 99% 99% 97% 110 98% 75% 105 98% 100% 80 87% 80 82 100% 100 9% 5 1 5 38 22 20 17 14 13 18 23 23 30 28 25 15 15 25 19 3 21 8 24 87% Jan. 9 102% June 30 6Vs Apr. 16 6% Apr. 16 M ay 22 103 103% M ay 25 102 June 26 99% Feb. 13 96% June 26 108% Mar. 23 100 Jan. 7 97% July 23 99% M ay 7 108% M ay 12 103% M ay 23 97% M ay 23 94% July 30 115 Jan. 5 102% M ay 26 98 June 1 105 June 1 136% June 19 98 M ay 25 63% June 12 63% June 18 101% M ay 22 104 Jan. 12 100% Jan. 2 94% Mar. 10 95% June 13 July 9 91 94% July 7 103% June 12 98% M ay 6 Mar. 21 . 26 22 Jan. 2 100% July 13 105 Apr. 21 107 July 10 106 July 16 103 M ay 21 101% Jan. 27 97 Mar. 20 94 July 6 97% Feb. 3 89% Feb. 16 M ay 28 96 Feb. 5 85 96% July 17 101% M ay 27 79 June 10 78 June 12 96% July 1 103 M ay 15 105% Apr. 9 92 June 23 71 Jan. 10 July 8 81 June 11 92 June 11 Apr. Apr. Apr. Jan. Mar. Jan. Apr. Jan. Jan. Jan. Feb. Jan. July Jan. Mar. Jan. July Mar. Jan. Mar. Apr. Jan. Apr. Mar. Feb. Jan. Jan. Apr. Jan. Feb. July Jan. Jan. M ay 20 July 2 July 2 June 22 July 16 Apr. 6 Feb. 16 M ay 28 July 3 Mar. 13 June 3 M ay 28 Mar. 13 July 13 Feb. 3 M ay 27 Feb. 27 Jan. 15 Jan. 14 M ay 22 July 10 M ay 18 M ar. 4 Jan. 14 June 12 M ay 29 Jan. 15 Feb. 16 June 26 Feb. 10 June 13 June 1 M ay 12 Apr. 22 June 19 123% 90 89% 102 176 110% 93% 91 92 99% 101% 104% 95% 100% 107% 102% 97 100% 99% 101% 116 101% 88 111% 102 105 80 93 84 82 102 101% 14 99% 76% A ug., 1925.] BONDS N. Y. STOCK EXCHANGE. BONDS-STOCK EXCHANGE RECORD Sales in July. Par Value. Price Jan. 2 1925. $ Bid. Ask 52.000 99% Sale Commercial Credit s f 6s______ 1934 M N 126,000 98 Sale Com’wealth Power 25-yr 6s 1947 M N 37.000 101% Sale Computing-Tab-Record s f 6s__1941 J J 3,000 89% 91% Conn Ry & Lt 1st g 4% s______ 1951 J 11.000 92 Sale Stamped guar 4H s_________ 1951 J 157.000 Consol Coal M d 40-yr 5s______ 1950 J 87 Sale 1,261,000 Consol Gas (N Y ) deb 5% s____1945 F 95.000 100% Sale Cons Pr & Lt 1st & ref 6% s A . .1943 M 37.000 89 Cont Paper & Bag Mills 6%s__1944 F 90% 26.000 98% 99% Consum Gas Chic 1st gu g 5s. .1936 J 257.000 91 Sale Consumers Power 1st lien 5s__ 1952 M N Corn Prod R ef gold s f 5s______ 1931 M N 100 10,000 101 1st 25-year s f 5s__ :________ 1934 M N 49.000 77 Sale Crown Cork & Seal 1st s f 6s__ 1942 F A 101,000 94 94% Cuba Cane Sugar conv 7s_____1930 J J 172.000 99% Sale Conv deb stamped 8 % _____ 1930 J J 45.000 107% Sale Cuban-Amer Sug 1st coll 8s___1931 M 206.000 96% Sale Cuban Dom Sug 1st 7% s_____1944 M N 26.000 97% Sale Oumb T & T 1st & gen 5s_____1937 J J 43,000 Cuyamel Fruit. 1st 6s init ctfs._1940 A O A O Denver City Tramw 1st gold 5s 1933 167.000 92% 92% Denver Gas & El 5s__________ 1951 M N 3.000 Stamped_______________________ M N 20,000 75 Dery (D G) Corp 1st s f 7s___ 1942 M S Sale 67.000 100% 101 Detroit Edison Co 1st 5s______ 1933 J J 47.000 100 Sale 1st & ref 5s Series A ___ July 1940 M S 147.000 Gen & ref 5s series A ________ 1949 A O 63.000 107% Sale 1st & ref 6s Series B ____July 1940 M S 271.000 91% 92 Det United 1st cons g 4 % s___ 1932 J J 4,147,000 Dodge Bros deb 6s int rects__ 1941 10.000 Dold (Jacob) Pack 1st 6s______1942 M N 81% 82 15.000 66 Dominion Iron & Steel 5s_____ 1939 M 69 46.000 89% Sale Donner Steel 1st ref 20-year 7s. 1942 J J 2 .00 0 du Pont (E I) Powder 4 % s____1936 J D 89% 90% 111.000 du Pont de Nem & Co 7% s___ 1931 M N 108 Sale Registered______________________ J D 107% 107% 184.000 106 Sale Duquesne Lt 1st & coll 6s Ser A 1949 J J 55.000 104% Sale 1st coll tr 5% s Ser B ________ 1949 J 242.000 105% Sale Eastern Cuba Sugar 7 % s______ 1937 M 12.000 89% 92 Ed El 111 Bkn 1st con g 4s_____1939 J J 10,000 102% Ed El 111 N Y 1st cons g 5s___ 1995 J J 148.000 M S E lecPow Corp (Germany) 6% s 1950 14,000 100 Sale Elkhorn Coal conv 6% notes. .1925 J D 887.000 97% Sale Empire Gas & Fuel 1st & ref 7 %s '37 M N M S 99% Equitable Gas 1st con 5s______1932 55.000 99% Sale Federal L & Tr 1st s f 5s______ 1942 M S 27.000 99% Sale 1st lien s f 6s stmpd________ 1942 M S 7,000 30-year deb 6s ser B ________ 1954 J D 115% 118 Conv deb 7s A _____________ 1953 M S 33,000 104 Sale Federated Metals conv 7s_____ 1939 J D 139,000 108 Sale Fisk Rubber 1st s f 8s________ 1941 M S 6,000 78% Ft Smith Lt & Traction 5s____1936 M S Frameric Ind & Dev 20-yr 7% s 1942 J J 92% Sale 6,000 104% 105 Francisco Sugar 20-yr 7% s___ 1942 M N 98% Gas & Elec (Bergen Co) 5s____1949 J D 98 30.000 Gen Asphalt conv s f 6s_______ 1939 A O 13.000 104% Gen Baking 1st 25-yr 6s______ 1936 J D Sale General Elec deb g 3 % s_______ 1942 F A | 2,000 84 150.000 105% Sale Debenture 5s_______________ 1952 M S 14.000 100% Sale Gen Refractories 1st 6s_______ 1952 F A 249.000 J J German General Elec 7s tem p. 1945 176.000 100% Sale Goodrich (B F) Co 1st 6 % s____1947 J J 408.000 119% Sale Goodyear Tire & Rub s f 8s____1941 M N 378.000 108% Sale 10-year deb s f 8s______ M ay 1931 F A 92 Granby Con M S & P 1st 6s__ 1928 M N 1,000 98 99% Stamped_______________________ M N Sale Conv deben 8s______________ 1925 M N 95 4.000 92 93% Gray & Davis 1st conv s f 7s. .1932 F A 1.151,000 Sale 91 Gt Cons El Pow (Japan) 7s____1944 F A 43,000 101 % 102 Great Falls Power 1st s f 5s____1940 M N 2.000 83% 84 Hackensack Water 1st 4s_____ 1952 J J 82% Hartford Street R y 4s________ 1930 M S 208,000 85% Sale Havana El Ry Lt & P 5s______ 1954 M S 4.000 93% 94 Havana Elec Ry cons g 5s_____ 1952 F A 87.000 104 Sale Hershey Chocolate 1st s f 6s__ 1942 M N 294.000 1st M & cell 5%s w i _______ 1940 J J 28.000 100% Sale Hoe (R) & Co 1st 6% s A ______ 1934 A O 63.000 79% Sale Holland Amer L 6s (flat)______ 1947 M N 4.000 98 98% Hudson County Gas 1st 5s____ 1949 M N 251.000 99% Sale Humble Oil & Ref 5% s_______ 1932 T J 323.000 J D 97% Sale Illinois Bell Telep 1st & ref 5s A 1936 290.000 A O 93% Sale Illinois Steel deben 4% s_______ 1940 2 2 .0 0 0 88% Sale Ind Nat Gas & Oil ref 5s______ 1936 M N 39,000 101% Sale Indiana Steel 1st 5s___________1952 M N 98% Ingersoll Rand 1st 5s____Dec 1935 J .1 11 Inter-Metropolitan coll 4%s__1956 A O 10,000 Trust Co ctfs of deposit____ 6 10 10% 16% stamped________________ 629.000 68 Sale Interboro R T 1st & ref 5s___ 1966 J 628.000 Stamped_____________________ J 67% Sale 243.000 73 Sale 10-year 6% notes___________1932 A O 301.000 Sale 93 10-year 7% notes___________1932 M S 17.000 67 70 Int Agri Corp 1st & coll tr 5s..1932 M N 33.000 61 Sale Stamped extended to _____ 1942 606.000 88% Sale Int Merc Marine l s t s f 6 s _____ 1941 169,000 88% Sale Intern Paper conv 5s Ser A ____1947, T 1st & ref s f 5s Ser B ________ 1947A 923.000 Temp ref 6s ser A _____________ 1955“ 459.000 88 Sale Jurgens Works 6s (flat)_______19471:* „ 288.000 96% Sale Kansas City Power & Lt 5s____1952 M “ 159.000 98% Sale . Kansas Gas & El 1st s f 6s____ 1952 ^ ® 16,000 102 Sale Kayser (Julius) & Co 7s_______1942! " 129.000 97% Sale Kelly Springfield Tire 8s______ 1931 M N 74.000 82 84 Keystone Telephone 1st 5s____ 1935 J J 2,000 100% Sale Kings Co E L & Pow g 5s_____ 1937 34.000 116% Purchase money 6s__________1997 10.000 75 75% Kings Co Elevated 1st g 4s____ 1949 76.000 75 75% Stamped guaranteed_______1949 37.000 88% 90 Kings Co Lighting 1st ref 5s__ 1954 33.000 103% 1st 6 ^ s --------------...1 9 5 4 11.000 106% Kinney (G R) Co conv 746 s 1936 55.000 89% Sale Lackaw Steel 1st cons 5s Ser A . 1950 97.000 98% Sale Laclede Gas L ref & ext 1st 5s__1934 210.000 95% Sale Coll & ref 546 s Series O _____ 1953 8,000 95 96 Lehigh Coal & N av 446s______ 1954 18.000 100 101 Lehigh Valley Coal 1st 5s_____ 1933 91 1st 40-yr gu int red to 4 % __ 1933 5,000 39% 55% Lex Av & Pav F ’y 1st gu g 5 s .. 1993 M S 22,000 117% Sale Liggett & Myers Tobacco 7s__ 1944 A O Registered___________________ A 113,000 98 Sale 5s-----------------..1951 F 22,000 114% Sale Lorillard (P) Co 7s____________ 1944 A Registered___________________ A 77.000 96% Sale 5s------- -------------------------------- 1951 F A 233,000 91 Sale Louisv Gas & El 1st & ref 5s__ 1952 M N 1,000 Louisville Ry 1st cons 5s______ 1930 J J Lower Austrian Hydro-Elec Co— 71.000 85% Sale 1st s f 646s........ 1944 Sale 132 Magma Copper conv 7s_______ 1932 67.000 99% Sale ManatiSugar 1st s f 7 % s______ 1942 82.000 63% Sale Manhattan R y (N Y ) con g 4s. 1990 13.000 54% Sale 2d 4s__________ 2013 26.000 98 Sale Manila Electric 1st ref 7s______ 1942 M N 12,000 84 Manila El R y & Lt 1st 5s______ 1953 M S 85 188,000 99 Sale Market St R y 1st 7s_____Apr 1940 27.000 102% Sale Metropolitan Edison 1st 6s B ..19 52 ? -i 37.000 91% 92 1st & ref 5s Series O ________ 1953 j j 10.000 100% 101 Metropolitan Power 1st 6s A . . 1953 J D 8,000 70% Met West Side Elev (Chicago) 4s '38 F A 467,000 Mid-Continent Petrol 1st 6 46s. 1940 M S 21 PRICES I N JULY. July 1. Bid. 100>6 101% 103 92 % 92 % 8114 103% 104% 86% July 31. Lowest. Bid. RANGE SINCE JAN. 1. Highest. 79 77 101 % 101 102 Sale 99% Sale 107% Sale 88% Sale 97% Sale 84% 85 54 51 91% Sale 95 106% Sale 9 2 % ------105% Sale 104% 105% 105% Sale 93% Sale 102 ___ 87% Sale 96% 98% 104% Sale Ask. Sale Prices. Sale 100% Sale 100 % July 1 100% 102 % Sale 101 % July 28 103 104 Sale 103 July 3 104 92 July 9 92 90% 90% July 30 92% 79% July 24 81% 80% Sale 103% Sale 103 July 14 104% 104 Sale 103% July 18 104% 84% Sale 84% July 31 87% July 25 100% 100 100 95% Sale 95% July 29 98 101 % July 101 % 101 % 101 101 78 July 88% Sale 90 Sale 95 July 95 97% Sale 100 July 100 101 107% Sale 107% July 108 96% Sale 95% July 98 97% 98% 99% July 100 96% Sale 96% July 97% 83% Sale 94 92% July 95% 93% July 93% Sale 93% Sale 79 July 83 83 July 101 % 102% 101 102 Sale 102 July 102 102% 98% Sale 98% July 99% 107% Sale 107% July 108 89% 90% 86 July 91 98% Sale 96% July 99% 84% Sale 84 July 85 Sale ? 50% July 53 54% 91% July 93% Sale 94 95 July 94% 95 95 106% Sale 106 July 106% 104 ____ 106 Sale 105% July 2 106% 104% Sale 104% July 3 105% 104 Sale 103% July 30 105% 93 Sale 89 July 30 94 102% ____ 103 July 21 103 87% Sale 87% July 31 88 98% Sale 98% July 7, 99 104% Sale 103% July 8 105 93 Sale 102% Sale 93% Sale 93 93% 92% July 1 0 2 % _____ 102 July ------- 93% 93 July 100% Sale 114% Sale 7 8 % ------93% 94 106 106% 9 9 % _____ 102 % 103 104% Sale 85 106% Sale 101% Sale 93% Sale 105% Sale 120% Sale 109% Sale 100 % 102 100% 166% I o i% 113% Sale 81 _____ 93% Sale 106 106% 9 9 % ------103% 104% 105 87 ____ 107% Sale 101% 102 93% Sale 103% Sale 120% Sale 110% Sale 100% 102 100% 100 H 97% 100% 100% 78% 98 100 % 107% 97% Ask. Sale Sale 104 93% 93% Sale Sale Sale 87% Sale 101 80 Sale Sale Sale Sale 100 100% 97% Sale 83% 95% Sale 92 91% 101 % 86% 84% 93% 95% 104% % July July July July July 102% 104% 86 106% 100% 92 103% 120% 109% July July July July July July July July July 100% July 92% Sale 92 93% 92 90% Sale 89% 102 % 101% 102% 101 % 86% Sale 93% 97 104% 1 0 4 % ____ 98% Sale 103% Sale Sale 87 88% 100% 102 Sale 101% 101% Sale 100 Sale 95 93% 92 94% Sale 101% 99% 101 11 13 11 4% IV Sale 68 68 67% Sale 67% 71% Sale 71% Sale 90 89% 76% Sale 71% Sale 86% Sale 83 92% Sale 91% 97% 97% 97% Sale 96 97% Sale 100 99% Sale 98% 101% Sale 101% 103% 104 101% Sale 102% 91 91% 102% _____ 1 1 8 % ------79 Sale 78% Sale 9 9 % ------- 99 108 _____ 107% 107% Sale 104% Sale 94 93 100% Sale 100% 100% Sale 99% 99% 100% 101% 101% 4 3 % -----120% Sale 119 101% 1011/ 116 Sale 97 97% 97% Sale 92 94 95% 96% 85% Sale 101 62 53% 101% 89 99% 105% 95 103% _____ 97% 100 113% 78% 93 104% Sale Sale 55 Sale 90 Sale Sale Sale Sale 74 Sale 92 95% 104% 98 102% 86% 100% 101% 100 93% 91 % 101 % July July July July July July July July July July July July July July July July 7% July 67% 67 70% 88% 76% 70% 83 91 July July July July July July July July 96 97% 96% 101 % 103% 101% 91 % 102 118% 78% 78% 99 107% 104% 91% 100 99% 96% 100% July July July July July July July July July July July July July July July July July July July 100% "98% 95% 102% 99 98 100% 100% 103 104% 103 92% 102 119% 79% 80 99% 108% 107% 93% 101 101% 98% 101% July July July July July July July July July July July July July July July July July July July 1 31 7 3 14 8 10 25 16 17 1 8 6 24 9 10 9 15 2 100% 61% 53% 100 88% 98% 103% 94% 102% 68% 97% July July July July July July July July July July July Highest. 1 85% July 102 63 55% 102% 90 99% 105% 95% 103% 74% 99 July July July July July July July July July July July Prices June 20 June 8 Feb. 10 June 16 June 4 Feb. 17 M ay 26 M ay 13 Mar. 26 M ay 8 M ay 27 Apr. 13 July 29 Mar. 3 Mar. 6 Apr. 6 Mar. 2 M ay 27 M ay 26 M ay 6 M ay 15 July 31 July 31 Feb. 4 July 16 June 1 Apr. 18 Mar. 7 Apr. 11 Feb. 14 Feb. 16 July 28 July 10 Jan. 30 Jan. 13 M ay 25 Jan. 23 Feb. 9 June 16 June 12 M ay 14 Jan. 2 June 2 M ay 5 Apr. 3 M ay 18 July 25 Jan. 17 Feb. 28 June 26 July 29 Feb. 11 M ay 27 Feb. 19 July 29 Feb. 16 July 21 July 20 Mar. 25 June 5 Apr. 12 July 17 July 21 Mar. 17 June 11 Mar. 17 Jan. 30 July 7 June 11 July 20 Jan. 10 July 8 July 7 Jan. 6 July 31 June 9 June 8 July 2 June 23 June 1 M ay 15 June 6 June 23 Jan. 31 Jan. 19 July 9 Mar. 13 Feb. 9 Feb. 9 Feb. 9 Feb. 9 July 26 June 24 Feb. 4 M ay 25 96 88 95% 98% 101 % 90 82 100% 114% 75 74 89 103% 104% 89% 98% 95% July Jan. Jan. Jan. Jan. Mar. Jan. Jan. Feb. Jan. M ay Jan. Jan. July Jan. Jan. Jan. 100 Jan. 98 M ay 29 100% June 17 June 1 101 103% M ay 26 104% July 14 103 June 2 92% July 10 103 June 17 120 % June 1 79% July 17 80 July 1 99% June 24 108% July 6 108% Jan. 16 94% Mar. lO 101% June 5 102 June 1 100% Feb. 25 101% June 42 Apr. Mar. Mar. Jan. Jan. Mar. Mar. Jan. June 44% July 27 120% June 24 117% Mar. 11 June 30 102 117% Mar. 25 115 Mar. 11 98 July 8 99% June 5 93% July 3 43% July 21 44% July 27 39% 119 July 29 120% July 2 116 117% 100% July 28 101% July 97% 115% July 17 116% July 114% 115 95% July 31 98 July 8 95% 96% July 14 97% July 2 90% 93% July 3 93% July 3 91% 85% July 101 62% Lowest. Prices. Sale Prices. Sale July 8 98 Apr. 9 101% July 3 97% Jan. 5 103% July 31 101% Jan. 2 104% July 9 90% Feb. 2 92% July 2 89 Jan. 10 93 July 8 79% July 24 90 July 7 101% Feb. 27 105 July 1 100% Jan. 6 105 July 2 84% July 31 92% July 23 92% Feb. 2 100% July 3 90% Jan. 3 100 July 15 100% Feb. 102% July 29 71 May 90 July 1 93% Jan. 98 July 1 99% Jan. 102% July 15 107% Feb. 110 July 1 95% July 98% July 2 97 Jan. 101 % July 1 96% July 99% 83% 83% M ay July 10 92% Jan. 97 July 31 93% July 93% July 31 75 Jan. 83 July 29 99% Mar. 102% July 16 99% Feb. 102% July 1 97% Mar. 100% July 3 106% Jan. 108% July 2 96 July 93% July 14 94% Apr. 99% July 14 82 Jan. 88% July 31 50 Apr. 68% July 28 88% Jan. 94 July 10 90% Jan. 95 July 1 106 July 108% 107% Jan. 107% July 9 104% Mar. 107% July 10 104 Jan. 106 July 1 103 M ay 106% July 13 89 July 95% July 21 99% M ay 103 July 1 87% Mar. 88% July 10 97 June 100 July 22 97% Jan. 21105 99% Apr. 28'100% 3l 95% July 15 88 Jan. 7 96 3 L03 July 29 96% Jan. 6|103 14 94% July 25 93 July 141 94% 116 Jan. 6 136 17 101 July 100 July 17 107 31 115 July 108 Jan. 2 115 6 81 July 76% Jan. 23 i 81 11 94% July 89% Apr. 1 95% 11 106 July 103% Mar. 24 106% 98% Jan. 9 98% 104 July Jan. 15T04 101 104% July 104% June 12 105% 86 July 83 Jan. 86 107% July 101% Jan. 107% 102 July 102% 100 Apr. Q9 July 93% July 105% July 100% Jan. 106% 121% July 119 Jan. 121% 110% July 108% Jan. 110% 93% Jan. 110% 22 100% July 22. 93% Jan. 100% 95 Jan. 100% 93 July 14 92 Jan. 95 92 July 7 87% Apr. 92 102 July 6 99% Feb. 102% 87 July 20 83% Jan. 87 82% Jan. 82% 94% July 8 85% Jan. 94% 96% July 7 92% June 96% 104% July 10 103 Apr. 104% 98% July 31 98% 103% July 1 100% Jan. 2 104% 88% July 29 79 Jan. 5 89% 100% July 2 98% Jan. 6 100% 102% July 6 99% Jan. 2 102% 101% July 1 97 Jan. 8 101% 95% July 1 92% Jan. 5 96% 91% July 2 87% Jan. 13 94 104% July 20 101% July 27 104% 99% Jan. 31 99% 10 Feb. 9 11 9 7% July 9 7% July 9 7% 10% Mar. 13 10% 69% July 21 59% Mar. 23 74% 69% July 21 59 Mar 23 73% 72% July 20 61% Mar. 23 81% 91% July 21 85 Apr. 4 95 78% July 24 67 Mar. 2 i m 71% July 10 61 Jan. 2 72 86% July 6 83 July 31 91% 92% July 1 87% Mar. 23 94 1 85% May 113 Apr. 8 99 Jan. 29 57% Apr. 21 51 Mar. 9 97% Jan. 20 85 Jan. 1 97% Apr. 1 101% Feb. 6 91% Jan. 1 100% Jan. 2 67% July 25 95% Apr. 31 2 12 2 6 24 20 2 26 5 12 21 8 31 2 12 3 86% 132% 102 64 56 102% 92 100 106% 97 104 80 99 Feb. Jan. Feb. Feb. Feb. M ay Apr. Mar. June M ay Apr. Mar. June 11 2 10 9 9 14 14 6 27 29 24 5 22 BONDS N. Y. STOCK EXCHANGE. Interest Period BONDS—STOCK EXCHANGE RECORD 22 Sales in July. Par Value. Price Jan. 2 1925. Bid. Ask. $ 253,000 8734 Sale 11,000 10034 10034 Sale 18.000 95 33,000 96 Sale 128,000 8414 Sale Sale 82,000 99 20,000 9714 9814 253,000 98 Sale 128,000 9414 Sale 100,000 7814 Sale 7634 21,000 9514 9714 46,000 1,000 94 97 9534 17,000 6014 Sale 98 216,000 9314 Sale 1,000 9734 27,000 10014 101 3,000 98 100 127,000 100 Sale 11,000 104 10414 36,000 7714 7814 117,000 11314 Sale 503,000 72,000 102 Sale 120,000 8634 Sale 10114------8034 ------1.000 9 9 14------5,000 45 Sale 16,000 4434 Sale 3,000 414 Sale 3,000 4 414 407,000 10,000 100 Sale Sale 44,000 67 PRICES I N JULY. July 1. Bid. 9114 10014 9614 9814 9114 10014 99 10014 9714 8314 78 9614 9914 9734 9914 6014 9914 89 9814 102 10014 101 10114 8034 11434 10114 103 34 8914 Ask. Sale Sale 97 Sale Sale Sale 9914 Sale Sale 84 RANGE SINCE JA N . 1. Highest. July 31. Lowest. Bid. Ask. 9114 Sale 10014 10014 96 9734 98 88 Sale 99 34 9934 9914 Sale 99 Sale Sale 96 8234 Sale 78 9734 Sale Prices. 9034 July 29 10034 July 24 96 July 24 97 34 July 15 88 July 31 9934 July 28 99 July 7 99 July 31 96 July 31 8214 July 17 Midvale St & Ord conv s f 5 s ..1936 M S Milwaukee El R y & Lt cons 5s. 1926 F A Refunding & ext 434s______ 1931 J J General & refunding 5s A ___ 1951 .1 D 1st & ref 5s ser B __________ 1961 J 1) 1st & ref g 6s series O _______ 1953 M S Milwaukee Gas Lt 1st 4s______ 1927 M N Montana Power 1st & ref 5s A . 1943 .T J M ont Tram 1st & ref A 5s_____1941 J J Morris & Oo 1st s f 434s______ 1939 ,T J Mortgage-Bond Oo 4s ser 2___ 1966 A O 10-20-year 5s series 3 ______ 1932 ,T ,T 9634 July 9734 98 Sale Murray Body 1st 634 s________ 1934 J D 100 98 July Mutual Fuel Gas 1st gu 5s____1947 M N 9834 July Mutual Union Tel 5s__________1941 M N 6214 6034 6134 6014 July Nassau Elec guar gold 4s_____ 1951 J .1 Nat Enam & Stp 1st 20-yr 5s. .1929 J 1) 9434 9434 89 July National Acme 1st 7 34s_______ 1931 J D '8914 9434 Sale Nat Starch 20-year deb 5s____1930 ,T .T 9814 July 9634 99 National Tube 1st 5s__________1952 M N 10214 101 10234 101 July Newark Oon Gas 5s___________1948 .1 D 10034 July 9934 Sale 100 Sale 10014 July New England T & T 30-yr 5s_.1952 J D 102 N Y Air Brake 1st conv 6s____ 1928 M N 10234 10334 102 July 81 7814 80 7814 July N Y D ock 50-year gold 4 s ____ 1951 F A Sale 11434 Sale 11434 July N Y Edison 1st & ref 634s____ 1941 A O Sale 10034 Sale 100 July 1st lien & ref 5s B temp_____1944 A O Sale 10314 10334 10334 July N Y Gas El Lt Ht & Pow 5s. ..1948 .1 D Sale 8814 July Purchase money coll tr g 4s. 1949 P A 8834 Sale N Y L E & W Coal & R R 534S-1942 M N 10234 10234 N Y Munic R y 1st s f 5s______ 1966 J J 8014 100 Sale 100 July N Y Queens E L & P 5s______ 1930 F A 10014 50 New York Rys 1st & ref 4s____1942 J J 5334 4834 5334 49 July 4934 July Trust Co certfs o f deposit 5014 Sale 4834 51 414 Adjustment income 5s, Jan 1942 A O 514 414 534 534 July 6 414 Trust Co certfs o f deposit 534 July 534 514 2934 Sale 2834 Sale N Y Rys Corp inc 6s Jan 1965 A p r 2934 July 102 N Y & Rich Gas 1st 6s A ______ 1952 M N 10234 100 Sale 100 July 66 6134 61 July N Y State Rys 1st cons 434s_-l962 M N 6634 60 89 MN Registered_________ 8934 37.000 89 1st con 634s ser B __________ 1962 M N 8534 87 8734 July 8934 Sale 54.000 97 % Sale 103 New York Steam 1st 6s_______ 1947 M N 10334 103 Sale 10234 July 423.000 9614 Sale 97 July N Y Tel 1st & gen s f 434s____ 1939 M N 9814 Sale 9734 Sale 142.000 108 Sale 11014 Sale 10834 Sale 105 Vs July 30-year debenture 6s_______ 1949 P A 199.000 10614 Sale 10714 Sale 10634 Sale 10634 July 20-year refunding 6s gold___ 1941 A O 26.000 105 Sale 102 Sale 10134 102 Niagara Falls Power 1st 5s____ 1932 J J 9934 July Sale 10534 July 34.000 10114 Sale 10534 Sale 106 Refunding & gen 6s____Jan 1932 A O 5,000 10414____ Niagara Lock & Ont Pow 1st 5s 1954 M N 9714 9834 10934 July Sale Sale 145.000 99 98 9714 July 1st & ref 5s ser A inter rets .1955 A O 20.000 10414____ 110 10314 104 10934 July Refunding 6s series A ______ 1958 F A 151.000 9714 Sale 10014 Sale 10034 Sale North Amer Edison Co 6s A . .1952 M S 9934 July Sale 10414 Sale 10014 Sale 10314 July 103.000 101 Sec s f g 634s series B _______ 1948 M S 96.000 9234 9214 9414 Sale Nor Ohio Trac & Lt gen & ref 6s 1947 M S 9534 9534 9414 July 197.000 9314 Sale 9514 9534 96 July North States Power 5s A _____1941 A O 9734 Sale 46.000 104 105 105 Sale 10414 July 1st & ref 6s series B ________ 1941 A O A O 9414 9434 1 000 9414 97 Northwest Teleg 1st 434 s_____ 1934 J J 9734 Sale 9734 9734 July 12,000 11014 11014 11034 112 Ohio Public Serv 1st & ref 734s .1946 11114 Sale 110 July Sale 110 July 13.000 112 111 108 10734 11014 1st & ref 7s series B ________ 1947 Sale 102 43.000 9734 9714 103 Ohio River Edison 1st 6s_____1948 10234 10134 July Sale Sale 80.000 9734 Sale 97 96 96 July Old Ben Coal 1st g 6s________ 1944 28,000 9814 Sale 10034 10014 9934 100 9834 July Ontario Power N F 1st 5s_____1943 1,000 9614 Ontario Transmission 1st 5s___1945 M N 9934 July 9634 9934 Sale 103 74.000 99 Sale 105 103 July Otis Steel 1st 20-year 8s______ 1941 267.000 9114 Sale 9834 July 1st 25-year s f 7H s series B ..19 47 9834 Sale 10034 101 227.000 9314 Sale Pacific G & E gen & ref 5s____1942 9514 Sale 9534 July 9714 Sale 29.000 9814 Sale Pacific Pow & Lt 1st & ref 5s_.l930 9834 July 9934 Sale 9814 Sale 80.000 9914 Sale 10134 Sale 10034 10034 9934 July Pacific Tel & Tel 1st 5s_........... 1937 Sale 259.000 93 9814 Saie 30-year 5s series A _________ 1952 M N 9634 July 9634 Sale Sale 105 July 25,000 10414 Sale 10634 Sale 105 Pan-Am Pet & T 1st lien 7s__ 1§30 F A Sale 11134 Sale 10734 Sale 107 July Conv sinking fund 6s_______ 1934 M N 1,848,000 103 Sale 91 July 121.000 9614 Sale 9614 9734 94 Park-Lexington leasehold 634S-1953 J J 97 Paterson & Passaic G & E 5s__l949 M S 10034 10034 62,000 107 108 110 July People’s Gas & Coke 1st 6s___ 1943 A O 11034 11034 98.000 9414 9514 9814 9934 9834 Sale | 97 July Refunding gold 5s___________1947 M S 174.000 10114 Sale 10434 Sale 10414 Sale 104 July Phila Company 1st & ref 6s___1944 P A 191.000 9314 Sale 98 98 July 99 Sale 99 15-year conv deb 514s______ 1938 M S 111.000 10014 Sale 101 Sale 9934 July Phila & Read C & I ref 5s_____1973 J J 9914 Sale 81.000 9634 Sale 10414 Sale 10434 Sale 10234 July Pierce Arrow deb 8s___________1943 43.000 10314 Sale 10614 Sale 10634 10634 10634 July Pierce Oil Corp s f 8s_________ 1931 Sale 101 July 40.000 9914 Sale 10114 Sale 102 Pillsbury Flour Mills 20-yr 6s. 1943 97 98 Pleasant Valley Coal 1st 5s___ 1928 9714 9834 9734 99 90 July 21,000 9314 94 91 9214 Pocahontas Con Coll 1st s f 5s. 1957 Sale 10034 July l 13,000 9914 100 100 10014 101 Port Arthur Canal & Dock 6s__l953 37.000 10034 July 1st mtge 6s Series B ________ 1953 10014 10134 99 July 49.000 Portland Elec Pow 1st 6s ser B.1947 M N 9934 9914 9934 Sale 99 July 2,000 9814 Sale 100 10034 9934 Sale Portland Gen Elec 1st 5s_____ 1935 J J 44.000 9234 9334 9534 9634 95 Portland Ry 1st & ref 5s______ 1936 M N 9634 9434 July 67.000 8414 Sale Sale 91 Portland R y. L & P conv 5s___1942F A 8834 8934 8834 July 64.000 94 Sale 99 July 99 1st lien & ref 6s series B ____1947 M N 9434 9914 Sale 21.000 10534 Sale 118 10634 July 1st & ref 734s series A ______ 1946 M N 10634 Sale 107 42.000 106 100 Porto Rico Amer Tobacco 8 s .. 1931 M N 10434 102 July 10234 101 93 19.000 9414 Sale 94 34 92 34 July Pressed Steel Car 10-year 5s___1933 J J 9134 92 12.000 112 114 Prod & R ef 8s with warrants_1931 J D 11314 116 112 11234 112 July 39.000 110 111 111 Without warrants_________ _____ |J D 11114 110 11034 110 July 119.000 10434 10414 10414 10434 10434 103 34 10334 July Public Serv Corp N J gen 50-yr 5s’59 A O 327.000 9834 July Secured gold 6s_______________ 1944F 9834 Sale 9834 Sale 193.000 99 Sale 103 34 10434 10234 Sale 10234 July Public Serv E & G 1st 534s____1959 A 312.000 1st & ref 514s______________ 1964 10434 Sale 10234 Sale 10334 July 102.000 10314 Sale Public Service Elec Lt s f g 6 s .. 1948 10534 Sale 10634 Sale 105 July 69.000 103 Sale 106 107 10434 Sale 104 July Punta Alegre Sugar 1st conv 7s. 1937 88 July 59.000 9034 Sale 88 Sale Remington Arms 1st s f 6s____1937 M N 8834 Sale Sale 95 July 44.000 9414 Sale 95 Republic Iron & Steel s f 5s__ 1940 A O 9534 96 Sale 92 July 92 89.000 9214 Sale 92 93 R ef & gen 5 14s A ___________1953 J J 57.000 8834 8834 8834 July Rlma Steel 1st 7s_____________ 1955 P A 8834 Sale Sale 16.000 66 70 Robbins & Myers 1st s f 7s____1942 J D 70 6234 July 6234 Sale 27.000 Rochester Gas & El 7s ser B ..1946 M S 11034 Sale 11034 11134 11034 July 2,000 104 Sale 104 July Gen Mtge 514 s series C _____ 1948 M S 9114 Sale 36.000 8114 83 68 6134 July Rogers-Brown Iron 7s________ 1942 M N 6134 Sale 18.000 85 9134 July St Joseph R y, L H & P 1st 5 s ..1937 M N 8614 9114 9134 9134 3,000 95 98 8t Joseph Stock Yards 1st 434s_l930 J J 9534 July 9534 9534 Sale 79 July 45,000 78 7934 82 Sale St L Rky M t & Pac 5s stamped. 1955 7834 79 74 Sale 70 St Louis Tran gu imp 5s______ 1924 6934 2,000 95 97 95 95 July 100 St Paul City R y Cable 5s_____ 1937 9614 95 424.000 9134 July Saxon Pub Wks (Germany) 7s. 1945 9134 Sale 9234 Sale 4.000 107 Sale 10734 Saks & Co 7s_________________ 1942 M S 10634 107 34 107 July 33.000 9914 Sale 104 Sale 10234 Sale 10134 July San Antonio Public Serv 6s___1952 J J 39.000 106 Sale 10634 10734 106 Sharon Steel Hoop 1st 8s_____ 1941 10634 106 July 9.000 105 Sale 10614 Sale 10634 10734 10634 July Sheffield Farms 1st & ref 6 14s. 1942 Sale 10.000 90 Sale Sierra & San Fran Power 1st 5s.l949 9334 9334 91 9034 July 93 July 237.000 88 Sale Sinclair Cons Oil 1st lien 7s___l§37 9334 Sale 9414 Sale 2,140.000 1st lien 6s C with warrants. .1927 11314 Sale 10834 Sale 10834 July Sale 253.000 83 1st lien coll 634s B _________ 1938 8734 8834 88 July 8814 Sale Sinclair Crude Oil Purch 534s..l925 Sale 10034 Sale 10034 July 384.000 9914 Sale 101 6% notes series A ___________1928 156.000 9914 Sale 10034 10134 10034 Sale 10034 July 6% notes series B ____Feb 15 1926 Sale 86 86 July 252.000 82 Sale Sinclair Pipe Line 20-year 5s. .1942 8734 Sale 418.000 10814 Sale 11734 Sale 11034 Sale 11034 July Skelly Oil 6% notes___________1927 36.000 102 10214 104 34 105 10434 10434 10434 July So Porto Rico Sugar s f 7 s ___1941 72.000 9614 Sale 10134 Sale 10134 10134 100 July South Bell T & T 1st s f 5s____1941 380.000 9634 Sale 10034 Sale Southw Bell Telep 1st & ref 5 s .1954 9934 July 9934 Sale Sale 98 July 66.000 94 Southern Colorado Power 1st g 6s’47 9834 Sale 9834 Sale Spring Valley Water g 5s_____1948 M N 97 9714 9934 9734 9934 Stand Gas & El conv deb 6J4s.l§33 M S 10614 Sale 2,000 100 Standard Milling 1st 5s_______ 1930 M N 10034 Sale 10034 July 10014 9834 63.000 105 Steel & Tube gen s f 7s ser C ..1951 J J 10514 10734 Sale 10734 Sale 10734 July 13.000 9614 Sale 95 ugar Estates Oriente 7s_____1942 M S 9434 July 9634 9434 Sale uperior Oil 1st s f 7s________ 1929 FA15 98 9434 9934 94 97 34 93 6,000 9634 98 Syracuse Lighting Co 1st g 5s. 1951 J D 10034 10034 99 10034 9934 July 5.000 i 102 34 Tenn Coal, Iron & RR gen 5 s .. 1951 J J . . 10134 July 10134 10334 101 10134 7.000 ,101 Tennessee Copper 1st conv 6s_l925 M N 10334 10034 10134 100 1013440034 July 214,000 I 9914 Sale 10234 Sale 10234 Sale 1102 34 July Tenn Elec Power 1st & ref 6s__l947 J D t [V ol. 121, 20 29 9 29 Highest. Sale Prices. Sale Prices. Sale Prices. 9134 July 3 87 34 Jan. 2 9334 M ay 25 10014 July 1 100 Jan. 8 10134 Feb. 28 9614 July 6 95 Jan. 2 9634 June 9 99 July 3 94 Mar. 11 100 M ay 29 9114 July 1 84 34 Jan. 2 9234 M ay 29 10134 July 7 9834 Apr. 1 104 M ay 25 9914 July 16 9634 Jan. 16 9934 July 16 10034 July 1 9734 Apr. 1 10054 M ay 5 9714 July 1 94 Jan. 3 9834 June 1 8314 July 2 7834 Jan. 2 8434 M ay 29 77 M ar. 26 7734 Mar. 24 9734 July 3 9534 Jan. 8 97 34 June 8 99 34 July 3 9634 M ay 18 10034 June 13 9834 July 9 9534 Jan. 22 9834 July 9 June 5 99 Feb. 11 101 62 July 13 5734 Apr. 28 64 June 17 9734 Feb. 25 9934 Apr. 28 9434 July 31 80 Apr. 27 9434 July 31 9814 July 17 98 Jan. 19 9934 Feb. 3 M ay 18 10234 July 13 10034 Jan. 2 103 July 6 9834 Mar. 20 101 101 June 26 M ay 27 10134 July 10 99 34 Mar. 24 102 10334 July 17 10134 June 30 10434 Mar. 13 July 9 7734 Jan. 7 8134 M ay 21 81 115 July 1 112 Mar. 19 11534 M ay 23 10114 July 1 9934 Apr. 13 102 June 1 104 July 1 10034 Jan. 8 10434 M ay 20 July 1 86 Jan. 5 9034 June 8 10034 Apr. 22 10034 Apr. 22 10034 49 51 534 534 3034 10234 6634 July July July July July July July July 9 17 1 22 17 20 1 10 29 8934 31 10334 29 9834 31111034 30110834 61102 2 10634 23 110 31 9934 311110 30 10134 30 105 1 9634 28' 9834 6 10534 July July July July July July July July July July July July July July July 1 6 1 1 2 1 29 2 3 7 20 1 20 3 20 1 9734 16 112 13 111 20 10334 311 98 21 10034 17i 9934 1 105 1 101 31 98 221 9934 14 10134 31| 9834 2740634 24 112 21 97 July July July July July July July July July July July July July July July July 1 15 3 3 2 9 17 29 29 6 2 1 6 1 9 3 7 6 16 29 17 14 29 30 11034 100 105 100 101 10434 107 10234 July July July July July July July July 7 17 17 23 1 31 1 7 10 91 27 102 6 10134 29 100 22 9934 15 9534 27 91 28 100 1 107 8 10234 15 9334 21 11334 22 11334 28 10534 29 9934 31 10534 10434 10634 10634 8934 9634 9334 8834 70 11134 10434 68 9134 9534 78 July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July 13 10 13 3 31 6 1 3 14 10 29 11 13 1 7 6 9 31 7 8 20 10 9 1 7 3 1 25 1 10 95 9234 109 104 107 10734 9334 9434 11434 8934 July 28 July 7 July 16 July 1 July 6 July 29 July 8 July 1 July 1 July 2 101 100 34 8734 11734 10534 10134 10034 99 July 1 July 3 July 3 July 1 July 15 July 8 July 2 July 25 30 101 1 108 7 95 July 28 July 16 July 3 21 14 22 30 July 24 July 3 July 2 July 1 10034 10134 10034 103 9934 Feb. 26 10034 July 9 48 Apr. 1 5434 Feb. 14 4234 Jan. 6 54 Feb. 11 434 Jan. 2 6 Feb. 11 3 34 Jan. 10 534 Feb. 13 2834 M ay 6 3254 M ay 11 9934 Jan. 9 10234 July 1 61 July 29 6834 Jan. 6 63 Mar. 25 63 M ar. 25 8734 July 29 9034 Jan. 8 9734 Jan. 6 104 June 9 95 Feb. 10 99 June 25 10734 Jan. 5 11054 June 18 106 34 Jan. 24 10834 June 4 10034 Feb. 4 103 June 12 10334 Jan. 21 10634 June 18 104 34 Jan. 7 110 Mar. 27 9734 July 31 100 M ay 23 10434 Jan. 5 11054 June 15 96 34 Jan. 2 10234 M ay 21 10034 Jan. 2 106 June 18 9234 Jan. 3 97 M ay 23 93 Jan. 3 9934 M ay 22 103 Apr. 4 10734 Mar. 23 9334 Jan. 22 9334 Jan. 22 9434 Jan. 7 98 M ay 28 108 Jan. 16 11234 M ay 20 10734 Jan. 15 11134 M ay 21 9834 Jan. 3 104 M ay 14 i 96 July 31 QQ Feb. 29 98 Feb. 5 10054 M ay 13 97 Jan. 9 9954 July 17 9554 Mar. 23 105 July 29 8934 Mar. 25 101 July 29 9334 Jan. 7 99 June 6 98 Jan. 2 100 M ay 23 9934 Jan. 5 102 M ay 20 9234 Jan. 1 10034 June 1 10434 Jan. 6 107 June 2 103 Jan. 2 11854 M ar. 3 91 July 21 99 June 11 35 Feb. 5 10034 M ay 26 107 Jan. 3 11054 July 7 9454 Jan. 17 100 July 17 10154 Jan. 2 105 Feb. 16 93 34 Jan. 2 100 M ay 27 9934 Feb. 4 10234 M ay 22 90 Mar. 23 10534 June 19 10254 Jan. 9 107 M ay 1 9954 Jan. 2 10254 M ay 27 97 Jan. 15 9834 Mar. 7 90 July 10 9454 June 2 9934 Jan. 5 10254 June 24 10034 July 6 102 June 13 9634 Apr. 6 100 M ay 22 9834 Jan. 2 10034 M ay 29 9234 Jan. 16" 9634 Apr. 17 8434 Jan. 2 Q9 M ay 29 94 Jan. 10054 June 1 10534 Jan. Mar. 9 107 101 May 12106 Feb. 9 M ar. 2 92 34 July 15 97 104 Jan. 12 11534 Jan. 15 110 Jan. 5111334 July 13 10434 Mar. 11 10534 July 1 95 Jan. 12 9934 M ay 25 9834 Jan. 2 10534 July 6 9954 Apr. 22 105 '— J udo 5 10234 Jan. 7 10734 June 12 10234 Jan. 6 10734 June 25 8634 Apr. 18 92 Jan. 28 9334 Jan. 5 98 June 11 9034 Apr. 2 94 Feb. 25 8834 M ay 28 90 Mar. 11 6234 July 31 7334 Jan. 29 110 Mar. 27 11134 M ay 25 10334 M ar. 12 10534 June 16 6134 July 25 8334 Jan. 19 8534 Jan. 7 92 June 12 9534 Apr. 3 9534 July 1 7734 Jan. 8 87 July 10 74 Jan ‘ 8134 Feb. 3 95 Jan. 19 96 34 M ay 5 9134 July 23 9334 June 4 104 Feb. 7 10754 June 27 9934 Jan. 6 104 June 26 10534 Jan. 3 10734 Feb. 26 105 Jan. 2 109 July 16 90 Jan. 2 9554 M ay 29 88 Jan. 2 9534 Feb. 2 10454 Apr. 22 120 Feb. 3 8254 Jan. 5 9054 Feb. 3 9934 Jan. 6 10034 Jan. 16 9934 Jan. 19 101 Feb. 5 9934 Jan. 31 10134 Jan. 16 82 Jan. 88 M ay 23 10634 Jan. 12054 Feb. 2 102 Jan. 106 June 17 99 Jan. 10234 M ay 13 9634 Jan. 10134 M ay 15 9334 Jan. 9934 M ay 27 9434 Feb. 9834 June 11 10634 Jan. 13534 M ay 21 July 28 9934 Jan. 13 101 105 Jan. 6 108 Apr. 16 9434 July 7 9734 Jan. 15 95 June 13 QQ Feb. 16 97 34 Jan. 22 10054 June 16 10034 Feb. 24 10254 Jan. 12 10034 June 30 102 Jan. 20 M ay 19 9934 Jan. 2ll04 A ug., 1925.] BONDS AND STOCKS-STOCK EXCHANGE RECOKD BONDS N. Y . STOCK EXCHANGE. i- hO. Sales in July. Par Value. Price Jan. 2 1925. RANGE SINCE JAN . 1. PRICES I N JULY. July 1. Highest. July 31. 23 Lowest. Highest. Sale Prices. Sale Prices. Prices. Apr. 13 58% Feb. 9 Third Ave 1st ref 4 s _________ 1960 J July 7 51 130.000 July 21 34% Apr. 14 50% Feb. 9 Adjustment income 5s._Jan 1960 A 289.000 Third Ave RR 1st gold 5s_____1937 J July 16 93% Apr. 20 96 Feb. 11 21,000 Tide Water Oil 10-yr g 6% s__ 1931 F July 2 101 % July 14 104% Jan. 12 253.000 Toledo Edison 1st g 7s_______ 1941 M S July 2 108% July 15 110 Feb. 27 55.000 Toledo Trac L & P 6% notes. .1925 F July 1 98% July 31 100% Jan. 23 18.000 Feb. 17 100 July 23 Trenton Gas & Elec 1st 5s____1949 M July 23 98 1,000 July 30 97% July 30 97% July 30 Trumbull Steel deb 6s w i_____1940 15,000 M ay 25 70 Jan. 13 62% 67% 62 Twenty-third St R y imp & ref 5s ’62 July 11 61 4,000 67% Sale 60% 67 89 Jan. 6 92% June 16 Undergr’d o f London 4 % s______ 1933 91% 91% 88 % -----89 Apr. 30 86% Feb. 89% Income 6s___________________ 1948 89% 85 -----99% May 25 97% Sale Union Bag & Pap ist 6s_____ 1942 M N 95% July 3 97% July 20 94% Jan. 68,000 95% 96 96% Sale 102 July 17 100% July 25 102 July 17 99% Jan. Union El L & P 1st g 5s_______ 1932 M S 101% Sale 100% 101 26,000 100% Sale 101 M ay 18 99% July 29 100% July 21 98% Jan. Refunding 5s_______________1933 M N 54.000 98% Sale 100 100% 99% 100 101% 101% July 28 102% July 7 100 Mar. 14 104 M ay 11 69.000 1st gold 5% s series A _______ 1954 J J 101 % 101 % 101 Feb. 10 77% Mar. 6 Union Elev R y Chic 1st 5s____1945 A 77% 76% July 2 76% July 2 75 1,000 75% 76% 77% Union Oil Cal 1st 1 5s_________ 1931 J 99% 99% July 10 100 July 24 99% Feb. 3 100% Apr. 14 99% 4.000 99% 105% July 7 30-yr 6s Ser A _________ M ay 1942 F 104% Sale 104 July 24 105% July 7 102% Jan. 50.000 102% 102% 104% 105% Feb. 18 102% 102% July 3 104% July 1 102% July Union Tank Car equip 7s_____ 1930 F 104% Sale 44.000 103% Sale Sale 103 July 6 104% July 29 100% Jan. United Drug g 6s____________ 1944 A 104% July 29 84.000 100 % Sale 103% Sale 104 102% June 23 United Fuel Gas 1st s f 6s____ 1936 J 102 % Sale 101% Sale 101 89.000 98 Sale July 24,102% July 1 98 Jan. 99% 100% 99% July 13 99% July 1 99 Mar. 24 100% Feb. 6 Un Rys Inv 5s Pitts iss_______1926 M N 18.000 100 100 % 99% Sale Stamped________________________ 99% 99% 99% July 30 100 July 18 99% Apr. 14 100% Feb. 399% 16,000 100 Sale M ay 14 74% Jan. 2 July 3 69 United Rys St L 1st g 4s_____ 1934 J J 70 70 July 10 71 70% 72% 6.000 74% Sale Jan. 5 99% Jan. 16 94% July 3 95 July 14 91 United Steamship 15-yr 6s____1937 M N 94% 94% 94% 95 35.000 91% Sale 105 Apr. 2 103% 105 United Stores Realty 6s________ 1942 A22.000 O 103% July 17 104% July 13 102% Feb. 103 Sale 103% 104 90% July 7 88% Sale 88% July 171 90% July 7 85 Jan. U S Rubber 1st & ref 5s Ser A . 1947 J J 1,208,000 85% Sale 89% Sale 108 July 21 Sale 106% Sale 106% July 14 108 July 21 104% Apr. 10-year 7 % s________________ 1930 FA 104% Sale 107 238.000 102 Jan. 13 U S Smelt R ef & M conv 6s___1926 F A 100% Sale 100% Sale 100% July 31 101 % July 21 100% Feb. 92.000 101% Sale 106% M ay 13 U S Steel Corp s f g 5s__ Apr 1963 M N 520.000 104% Sale 105% Sale 105% Sale 105% July 17 106% July 11 104% Jan. 105% Feb. 24 July 1 105 July 1 103% Jan. Sale Registered______________________ 105 8,000 105 91 % M ay 27 86% 86 July 30 90% July 10 83% Jan. Utah Light & Trac 1st & ref 5s. 1944 Sale 90 252.000 83% Sale Utah Power & Lt 1st 5s_______ 1944 98% M ay 4 94% July 31 96% July 3 91 Jan. 94% Sale 179.000 91 96% 97 Sale 102 July 21 Utica G & El ref & ext 5s_____1957 101% 100% July 7 102 July 21 98% Jan. 51.000 98% . . . . 101% Sale 100 57 June 4 53 53 Jan. Victor Fuel 1st s f 5s_________ 1953 65 80 55 50 53 Sale Sale Va-Car Chem 1st 7s____________1947 98 97 July 1 99% July 17 73 Jan. 97 99% July 17 1.395.000 74 Sale Certificates o f deposit__________ 97% Sale 97 July 1 99% July 20 71% Jan. Sale 97 99% July 20 196.000 ........ 71 Sale Certfs of dep stamped__________ 93 92% 94 98 July 14 93 July 24 98 July 14 68 Jan. 112.000 44% Sale 7% s with & without war’t s .. 1937' J J 1.163.000 43% 45 78% Sale 67 July 1 82% July 16 43 Mar. 31 82% July 16 66% 68 Jan. 13 81 % July 17 Ctfs o f dep without warrants._|J J 77% Sale 68 July 3 81 % July 17 41 350.000 66% 68 Ctfs o f dep with warrants_____|J J 77% Sale 77% July 15 80% July 17 42% Mar. 4 80% July 17 67 147.000 ------- 43 90% July 31 92 July 10 90 June 1 95 Apr. 2 Va Iron, Coal & Coke 1st g 5s. 1949 M S 2,000 91% 93 91% 92% 90% Sale Sale Sale Virginia R y & Pow 1st 5s_____19341J J 97 97 July 30 98% July 1 93% Jan. 9 99 June] 2 98 197.000 94% Sale Sale 90 92 Vertientes Sugar 1st s f 7s____1942 J D 90 July 31 91 % July 3 90 July 31 94% Mar. 3 28,000 91% 92% 91 93% 94 93% July 31 95% July 1 89% Jan. 2 99% Feb. 6 95% Sale Warner Sugar Ref 1st 7s______ 1941'J D 27.000 89% 91 Warner Sugar Corp 1st 7s_____ 1939 J J 81% 80% July 7 81% July 3 77% Jan. 6 87% Feb. 0 81% 82% 81 59.000 89% Sale 100% 100% July 23 100% July 23 99% Feb. 13 101% June 9 Wash Wat Pow 1st 30-yr 5s___ 1939 J J 3.000 100 % ____ 101% 101% 101 July 9 101% July 17 98 Mar. 27 102 Jan. 6 101% 101 7.000 100 Westchester Light gold 5s_____ 1950 J D ------ 101 M N West K y Coal 1st 7s__________ 1944 102 102% 101% 101% 102 July 3 102% July 7 99% Feb. 26 102% Apr. 16 34.000 Sale 98% 99 July 1 102% July 7 93% Jan. 12 102% July 7 99 West Penn Pow 1st 5s Ser A ___1946 M S 27.000 96% Sale Sale 105% Sale 105% July 15 107 July 22 105% July 15 107% Mar. 10 1st 30-year 7s Ser D ________ 1946 FA 106 66.000 106 Sale 1st 5s Series E _______________ 1963 MS 98% Sale 96% 97% 97 July 29 99 July 21 93% Jan. 5 99% May 21 76.000 93% Sale 97% July 30 99% July 21 98% June 30 99% July 21 98% Sale MS Temporary 5s Ser E _________ 1963 43.000 1st g 5% s Ser F ______________ 1953 A O 100% Sale 104% 104% 104% 104% 104% July 6 104% July 3 100% Jan. 2 104% June 23 75.000 Sale Sale 88 88 July 31 91 % July 3 88 July 31 96 M ar. 13 90 58.000 West Va Coal & Coke 1st 6 s ..1950 J J 99% July 29 100% July 1 98 Western Electric deb 5s_______ 1944 A O Mar. 9 100% June 3 549.000 98% Sale 100% Sale 100% Sale Feb. 19 101% 100% July 28 101% July 17 99% Jan. 29 102 J23.000 J West Un Coll tr cur 5s_________ 1938 99% 100% 100 % 101 % 100 96% 97 Fund & real est 4% s g ______ 1950 M N 95 \4 July 17 97 July 18 92% Jan. 13 96% M ay 15 100% 95% 47.000 15-year 6 % s g _____________ 1936IF A 59.000 i ! 8 g Sale 110% 111% 111% Sale n o % July 21 112% July 14 109% Mar. 21 112% July 14 Westinghouse E & M 7s______ 1931 M N 261.000 107% Sale 107% Sale 106% Sale 106% July 27 107% July 7 106% M ay 5 108% Jan. 21 91 Jan. 20 83% 76% July 13 83 July 24 76 Jan. 82% 81 80 Wickwire-Spencer Steel 1st 7s .1935 J J Sale 10.000 88 Mar. 22 Certificates o f deposit__________ |MN 80% 85 76% July 7 83% July 27 76% July 2.000 75% 76% 76 Sale 81 M ay 28 79% Sale Certificates o f deposit stamped__ IM N 76 July 1 80% July 22 76 July 37.000 Sale 101 % July 1 102% July 1 99% Mar. 102% June 18 Willys-Overland 1st s f g ______ 1933 M S 65.000 100 Sale 102% Sale 102 Sale Wilson & Co 1st s f 6s_________ 1941, AO 99 100 July 23 99 July 1 100 July 23 91% Jan. 99% Sale 181,000 91% Sale 93 Feb. 4 99% 99 Registered___________________ |A O 93 Feb. 76% Apr. 2 70% Sale 70% Sale 70% July 1 73% July 7 55 Jan. 10-year conv s f 6s___________1928, JD 55% Sale 78.000 71 Sale Certificates o f deposit________ _____ 75 Apr. 7 70% 71% 70% July 2 73% July 7 53 Jan. 85.000 56% Sale Sale 77 Mar. 31 71 69% 72 10-year conv s f 7% s_______ 1931 F A 70 July 2 72% July 13 53% Jan. 62.000 54% Sale Certificates o f deposit________ I____ 74% Apr. 8 70% July 3 72% July 7 59% Jan. 69% 7151 70% 71 Sale 91.000 54 101% Sale 101% Sale 101% July 1 102 July 18 100% Apr. 29 102% June 2 2 Winchester Rep Arms 7% s____1941 A O 31.000 101% Sale 99% Sale 99 July 31 100% July 1 95% Jan. 2 100% June 2 99% Sale Youngs’n Sheet & Tube 6s____1943 J J 344,000 95% Sale a On the basis o f $5 to the £ sterling. c First installment paid. d Full paid. e Part 'aid. s Optional sale. t Bonds “ when issued.* Flat price. Cash sales as follows: l Cash sale April 8, 58% : m Mar. 20, 104% r Jan. 2 7 .9 6 % . $ Bid. 56% Sale Sale 40 94 95 Sale 101% 109% 105% Sale 98% 1 00% 100% 100 99% 99% 97 % — Bid. 55 48 % 95 102 % 108% Ask. Bid. Sale 56% Sale 41% Sale 94% 102% Sale Sale 108 Ask. Sale Sale 95% 101% Sale Sale Sale 56 39 94% 101% 108% 98% 100 Prices. July 3 July 11 July 29 July 14 July 15 July 31 July 23 30 July 8 Sale 57 43 95% 103 109% 100 100 97% 67% STOCKS— PRICES AND SALES FOR JULY AND THE YEAR TO DATE. In accordance with a rule o f the Stock Exchange, effective Oct. 13 1915, all stocks are now quoted dollars per share. Prices are on basis o f 100-share lots. Exceptions of stocks which sell only in a small way are noted by the letter a. Option sales are disregarded. STOCKS N. Y. STOCK EXCHAN OE Par Alabama & Vicksburg___ 100 Albany & Susquehanna.-100 Ann Arbor______________ lOO Preferred_____________ 100 Atchison Top & S Fe____ 100 Preferred_____________ 100 Atlanta Birm & A tl_____ 100 Atlan Coast Line R R ____ 100 Baltimore & Ohio_______ lOO Preferred_____________ lOO Bangor & Aroostook_____ 50 Preferred_____________ 100 Bkln-Manhat tr ctfs._no par Trust ctfs pref_____no par Buffalo Roch & Pitts____ 100 Preferred_____________ 100 Buffalo & Susqueh______ 100 Preferred_____________ 100 Canadian Pacific_______ 100 Canada Southern_______ ICO Caro Olinchfield & Ohio. 100 Central RR o f N J______ 100 Chesapeake & Ohio_____ 100 Preferred_____________ 100 Chicago & Alton________ 100 Preferred_____________ 100 Chic & East 111 R R (new) 100 Preferred (new)______ 100 Chicago Great W estern..100 Preferred_____________ 100 Chic Milw & St Paul____ 100 Preferred_____________ 100 Chicago & North W est..100 Preferred_____________ 100 Chic Rock Isl & Pac_____ 100 7 % preferred_________ 100 6% preferred__________100 Chic St P Minn & Om___ 100 Preferred_____________ 100 Pref certificates_________ C C C & St Louis_______ 100 Cleveland & Pittsburgh___50 Colorado & Southern____ lOO 1st preferred__________100 2d preferred__________100 Cuba RR pref___________100 Delaware & Hudson_____ 100 Del Lack & Western_____ 50 Denver Rio Gr & W pref. 150 Detroit & Mackinac_____ lOO Preferred_____________ 100 PRICES I N JULY. SALES TO AUG. 1. In July. Shares. 200 1,400 1,400 62,900 7,500 34,300 24,700 67,900 6,500 11,700 300 115,900 5,200 387 247 300 20,000 164 1,500 20,800 1,000 6,300 16,000 7,800 4.300 45,500 45,400 86,500 104,900 96,800 1,700 187,700 4,900 5,100 900 1,100 100 200 287 2,300 1,100 19,100 9,700 4,400 Since Jan. 1 Shares. 200 100 19,200 34,200 745,600 53,840 321,150 160,000 968,180 41,900 56,700 1,700 860,900 42,000 7,874 3,246 3,210 500 256,788 623 900 24,517 459,000 13,500 161,500 375.507 61,900 63,400 481,600 623,400 1,424,100 2,098,020 744,000 22,200 1,440,800 38,400 48,900 12,200 14,200 100 3,945 566 94,500 5,751 4,000 300 167,150 154,200 95,800 200 400 Jan. 2 1925. July 1. July 31. 150 56 202 Sale 29 Sale 53 Sale 117% Sale 95% Sale 4% Sale 160% Sale 76% Sale 65 Sale 38 95% 89% Sale 52% Sale 80 70 75 92 95% 88 66% 52 Sale 144% ------57% Ask. Bid. 104 200 Sale 32% Sale 55 Sale 120 Sale 96% Sale 5% Sale 171 Sale 75% Sale 66 Sale 40% Sale 86% Sale 52% Sale 80% 79 84 96 100 82% 70% Sale 48% Sale 142 Sale 57% 293 95% 107% 8% 15% 35% 56% 9 27 15% 27 71 111% 44% 93 83 53 91% Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 94 295 Sale 108% Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 46 96 141 69% 45 61 56 89 137% 144 42% 51 71 148 144% 155 145 70% 70 70 Sale 57% 59% 57% Sale 62% 64 62 57 58% 60% 57 Sale 80 80 Sale 147 Sale 146 Sale 141% Sale 137 Sale 39% Sale 39% ......... 40 40 90 60 60 Bid. 22% 43 119 93% 4 149% 79% 65 39% 88 37% 72% 64 87% _____ Ask. Bid. 285 94% 108 4% 8% 33% 43% 11% 24% 9 16% 65% 108% 44% 94 83 44 94 280 94% 108% 4% 8% 35 45 12% 24% 8% 15 66% 107 46 96% 84% 45 95 Ask. Sale 57 Sale Sale Sale Sale Sale Sale Sale 92% Sale Sale Sale Sale 82% 52% Sale Sale Sale 110 Sale Sale 37 48 Sale Sale Sale Sale Sale 115 Sale Sale 85% Sale Sale 160 58% 63% 60 Sale Sale Sale Lowest. RANGE SINCE JAN. 1. Highest. Lowest. Highest. Sale Prices. Sale Prices. Sale Prices. Sale Prices. 104% July 28 105 July 30 104% July 28 105 July 30 2d3 June 20 203 June 20 29 July 1 33 July 18 22 Feb. 17 34% M ay 1 52% July 15 58 July 28 40 M ar. 24 60% M ay 8 117% July 1 121% July 28 116% Jan. 16 127% Mar. 2 95% July 1 97 July 11 92% Feb. 17 97% June 25 4% July 1 6% July 7 3 Jan. 14 7% Mar. 6 160 July 1 171 July 31 147% Jan. 16 171 July 31 Mar. 30 84% Mar. 6 75% July 31 78% July 15 71 65 July 1 66% July 30 62% Apr. 3 66% Jan. 6 37% July 1 41 % July 21 35% Mar. 23 42% Jan. 15 89% July 1 92 July 1 89 June 22 94% Jan. 5 50% July 9 55% July 20 35% Jan. 5 55% July 2079 July 14 82 July 28 72% Jan. 82 July 28 75% July 7 84 July 31 48 Apr. 92% M ay 2 96 July 11 100 July 31 86 Apr. 100 July 31 84% Jan. 105 Jan. 15 50% July 28 52 July 1 50% July 28 52% Feb. 16 140% July 13 144% July 1 136% Mar. 30 152% Jan. 8 57 July 29 57% July 13 56 Jan. 10 59 M ay 14 75% Apr. 14 78% M ay 14 Jan. 3 278 July 27 285 July 7 265 Mar. 30 321 93 July 22 95% July 28 89% Mar. 30 99% M ay 18 108 July 9 109% July 20 105% Apr. 14 111% M ay 29' 4% July 31 5 July 3 3% Apr. 24 10% Feb. 9 8 July 21 9% July 2 5% Apr. 23 19% Feb. 21 33% July 1 37% July 13 29% Mar. 30 37% July 13 43% July 1 50 July 13 40 Mar. 30 57% Jan. 2 11 July 3 12% July 27 9 Jan. 2 15 Feb. 7 23% July 22 26% July 2 19% Mar. 30 32% Feb. 6 7% July 14 9% July 2 3% Apr. 20 16% Jan. 7 14% July 14 16% July 2 7 Apr. 20 28% Jan. 7 60% July 13 66% July 31 47 Apr. 14 75% Jan. 12 108% July 1 111 July 27 101% Apr. 14 117 Mar. 5 43% July 3 48% July 13 40% Mar. 30 54% Mar. 3 92% July 6 96% July 20 92 Jan. 2 99% Feb. 21 82% July 3 85% July 9 82 Mar. 30 89% Mar. 3 45 July 28 45 July 28 33% Apr. 22 59% Jan. 13 93 July 9 95 July 2 73% Apr. 21 108 Jan. 13 29 92 July 29 92 July 29 92 July 29150 July 7 150 July 7 140 M ay 20 164% Feb. 11 70% July 24 6 70 Apr. 30 71% Apr. 11 57 July 27 59 July 7 44% Jan. 6 65% Apr. 18 62% July 27 64% July 16 60 Mar. 26 64% June 16 54 Jan. 21 60% June 10 86 Feb. 10 89 Jan. 2 141 July 9 151 % July 17 133% Mar. 30 155 Apr. 6 137 July 31 144 July 1 125 Mar. 30 147% June 835 July 3 40 July 17 35 July 3 60 Jan. 12 Jan. 2(1 40 June 2 51 Jan. 8 60 June 2 72 24 STOCKS—STOCK EXCHANGE RECORD STOCKS SALES TO AUG. 1. N. T. STOCK EXCHANGE „ Par Duluth S S & Atlantic__ 100 Preferred_________ 100 Erie...................... 100 Certificates__________ 100 First preferred_______ 100 1st pref certificates___ 100 Second preferred_____100 Erie& Pittsburgh________ 50 Great Northern pref____100 Iron ore properties .no par Gulf Mobile & Northern.100 Preferred_____________ 100 Havana R y El Lt & Pow . 100 Preferred_____________ 100 Hocking Valley_________ 100 Hudson & Manhattan__ 100 100 Preferred______ __ Illinois Central_________ 100 6% pref series A ______100 Leased line stock_____100 RR sec stock ctfs___ 1000 Interboro Rapid Transit. 100 Int Rys of Cent Amer__ 100 Preferred_____________ 100 Iowa Central____________100 Kansas City Southern__ 100 Preferred_____________ 100 Lehigh Valley___________ 5u Louisville & Nashville__ 100 Manhattan R y guar____100 M od guar____________100 Market Street R y ______ 100 Preferred_____________ 100 Prior preferred_______ 100 Second preferred_____100 Michigan Central_______ 100 Minneapolis & St L ouis..100 Minn St Paul & S S M ..1 0 0 Preferred_____________ 100 Leased line___________100 M o Kan & Texas C o_.no par Preferred_____________ 100 Missouri Pacific com____100 Preferred_____________ 100 Morris & Essex__________ 50 Nashv Chatt & St Louis.100 Nat Rys Mex 1st pref__ 100 Second preferred_____100 New Orl Texas & Mexico. 100 New York Central______ 100 N Y Chicago Ik St Louis.100 Certificates___________100 Preferred_____________ 100 N Y Lack & Western__ 100 N Y N H & Hartford__ 100 N Y Ontario & Western. 100 N Y Rys partic ctfs. .no par Pref trust certifs__ no par New York State Rys____100 Norfolk Southern_______ 100 Norfolk & Western_____ 100 Preferred_____________ 100 Northern Central________ 50 Northern Pacific_______ 100 Pacific Coast____________100 First preferred_______ 100 Second preferred_____100 Pennsylvania____________ 50 Peoria & Eastern_______ 100 Pere Marquette________ 100 Certificates___________100 Prior preferred_______ 100 Preferred_____________ 100 Pitts Ft W & C hicago.. 100 Pitts Ft Wayne & Onicpf 100 Pittsb & West V irginia..100 Reading Company_______ 50 First preferred________ 50 Second preferred______ 50 Rights__________________ Rutland RR pref_______ 100 St Louis-San Francisco_100 Preferred A ___________100 St Louis Southwest_____100 Preferred_____________ 100 Seaboard Air Line______100 Preferred_____________ 100 Southern Pacific C o_____100 Southern Railway_______100 Preferred_____________ 100 Texas & Pacific________ 100 Third Avenue__________ 100 Twin City Rapid Transit. 100 Preferred_____________ 100 Union Pacific___________100 Preferred_____________ 100 United Rys Investment-100 Preferred_____________ 100 Virginia Ry & Power____100 Wabash________________ 100 Preferred A ___________100 Preferred B __________ 100 W estern Maryland______ 100 Second preferred_____100 Western Pacific________ 100 Preferred_____________ 100 N ew _________________ 100 Preferred new________ 100 West Penn C o_______ no par 7% preferred_________ 100 Wheeling & L E R y _____100 Preferred_____________ 100 Industrial and Miscell Abitibi Power & P __ no par Adams Express_________ 100 Advance Rumely_______ 100 Preferred_____________ 100 A»r Reduction Inc____no par Ajax Rubber Inc_____no par Ahumada Lead___________1 Alaska Juneau Gold M in.10 All American Cables___ 100 Allied Chem & D ye. .no par Preferred_______ 100 Allis Chalmers M fg_____100 Preferred_____________ 100 Amer Agricul C hem ical.. 100 Preferred_____________ 100 American Bank N ote___ 50 Preferred______________ 50 American Beet Sugar__ 100 Preferred_____________ 100 Amer Bosch Magneto.no par Am Brake Shoe & F__no par Preferred_____________ 100 American Can___________100 Preferred__________ .100 Shares 1.300 1,500 33.700 600 37,300 200 2.300 1 58,400 20,000 13.700 3,000 710,100 29,400 400 7,700 1,400 150 42,700 4,400 1,800 43,800 2,000 14,020 20,000 3,640 10,500 600 6,100 450 1 3,500 1,200 1,000 800 284,900 64,000 56,300 96,800 247 100 3,600 100 21 219.700 58,000 227 857 140 6 Sale 115 Sale Sale 140 3% 1% 120% 115% 123% 89% 90 100 30% Sale ; 25% Sale 91 102 32% 22% 281% 10% 32 33% 127% 78 78 67 23 66 41% 47 140 4 2% 114 117% 125 2,000 300 41.600 49.600 700 188 64,800 100 24% Sale 130% Sale 76 77 75 tC 69% Sale 25 30 54 70 54 70 48 Sale 18% Sale 68 Sale 400 83,176 1,000 11,800 300 800 500 100 309 9,300 106,400 3.200 10.300 10,600 900 9,500 60% 79% 50% 71 21% 39% 102% 77% 3 44% 12% 63% 142,500 37.700 41.700 15,100 3.100 400 32.700 6.400 2,000 7.500 1.500 11,200 13.000 37.900 101.800 12.000 8.000 200 40.900 4,900 45.400 1.700 98.200 111,000 600 100 3.100 800 35.200 4,200 400 462.300 3.100 81 73% 1,132 139% 72% 75 38 40% 22% , 59% 202.700 7.400 30,800 1.200 98.500 35.500 70.900 5.000 6.700 323.700 146.800 700 57.400 17.900 13.300 4.700 10,600 4,800 3.000 6,225 195.300 89.300 July 1. July 31. Bid. Ask. Bid. Ask. Bid. 4 Sale 2 3 3 7% 4 5 5 7 31 % Sale 27% Sale 28% 25% Sale 27% 46 Sale 35% Sale 37% 36% 43 Sale 34 36 35' 60% 62 61% 61% Sale 70 Sale 69 68% 36% Sale 27% Sale 28 29% 27% Sale 26% Sale 96 92% 94 95 95 Sale 184 178 115% 140 133 133 32% Sale 32 25% Sale 70% 64% Sale 71% Sale 113% Sale 114% 116% Sale 118% 115 117 115 117 80 76% 74 76 76 68% Sale 68% 72 71 28% 31% 32% 27% Sale 17% 18% 25% 26% 29 60 Sale 65% 65% 64 3 2% 1% 1% 1% 32% 34 31% Sale Sale 58% 58 57 58 58 Sale 79% Sale 80% 75% 108 Sale 111% Sale 114 85 Sale 75% 80 90 Sale 47% Sale 43 44 9 10% Sale 10 8% 36 26 25 25% 32 Sale 52 55 50% 54 22 24 23% 22 21 % 516 600 515 2% 2% 2% Sale 3 32 50 Sale 35 38 6,400 58% 62% 56 60 54 2,100 58% 62% 57% 59% 60 32 Sale 40 28% Sale Sale 82 89% 74% Sale 32% Sale 34% 31% Sale Sale 77 79% 72% Sale 1,540 77% Sa e 79% Sale 79% 23,691 83 74% 141 Sale Sale Sale Sale Sale 62 62% 60 K 79% 69% 141% 70% 86% 38% 39% 17% 58 149% 74% 26% 60% 67% 21% 57 39 14% 24% 34% 85% Sale 81% 84% Sale 46 Sale 70% Sale 32 Sale 42% Sale 99% Sale 97% Sale Sale 86% 48 Sale 12% 14 70 Sale 95 M 100 138% Sale 75% Sale 28 Sale 80% Sale Sale 119 29% Sale 67 Sale 41 51 Sale 13 19 Sale Sale 37 Sale 89% 118% 95 15 27% Sale Sale Sale Sale 63 91% 15% 50 89 13% 65 Sale Sale Sale Sale Sale 142 4 1% 120% 116% 121 120% 91% 92 150 5 Sale 122% Sale Sale Sale 147 )4 July 14 149 1 )4 120% 115 122 89)4 91 102% 31% 22% 275 10% 33 31 % 127% 78% 79 64% 23% July July July July July July July July July July July July July July July July July July 2% 121% 119% 126 89% 92% 102% 35% 27 283 11% 36 43 132% 80 80% 67% 23% Sale Sale Sale 41 45% 16% 62% 60% Sale 78 70% 70 134 134 Sale 140 Sale 69% Sale 84% 40 38% Sale 39 Sale 17% 56% 59 July July July July July July July July July July July July July July July 41% 47 % 18% 66% 63% 81 72% 134 141% 71% 88% 40 42% 18% 58% Sale Sale Sale 71 Sale Sale Sale Sale Sale Sale Sale Sale Sale 92 Sale 71 Sale Sale Sale Sale Sale Sale 14 63% July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July 93% 92% 49% 71% 35% 45% 99% 69 Sale 15 53 Sale Sale Sale I% 133 Sale Sale Sale Sale Sale Sale Sale 58 42 88% Sale Sale 115 Sale Sale 33 Sale Sale 85 Sale 24 72 44 Sale 18 Sale 81 % 83% 46 70% 30 41 % 98% 96% 85 47 12% 61 % 100 Sale 138% Sale 75% 26 28 Sale 75 Sale 119 Sale 29% Sale 67 51 55 Sale 13 20 23 33% 86% 20% 19% 72 75 Sale 119% 99% 98% Sale 16% Sale 30% Sale 65 91 93 15% Sale 58% Sale 102% Sale 12% Sale 10% Sale 1% Sale 128 131 90% Sale 119% 119% 81 % Sale 105% 107% 21 Sale Sale 64 170 180 53% 58% Sale 37 86 87% 30 Sale Sale 108 110 115 a:207% Sale 119% Sale 64% 92 13% 52% 100% 12 10% 1% 131% 89% 119% 81% 105 18% 52% 175 58 37 86 29 104% 109% 192 118% July July July July July July July July July July July July July July July July July July July July July July July July Lowest. Highest. Sale 33% Sale 26% Sale 282 Sale 32% 30 Sale 39% Sale 132 78% 79 78 Sale 66% 26 23% 70 65 45 41 % Sale 45% 16% Sale 65% Sale 64% 80 80 71 69 133% 142% 140 Sale 70% Sale 84% 39% 39% 41 41 % Sale 18 60 54 89% 88 46% 69 33% 43 % 98 ‘4 98% 90% 47% 13 61% 100% Sale 140% Sale 77 30% 22 Sale 75 Sale 120 Sale 3.5-% Sale 69% Sale 51 Sale 14% 19% 22% Sale Sale 20 73% 127 129 121 98% Sale 96% 16% Sale 19 41% 30% Sale 68% 92 13 50 100% 15% _ 11 1% 1% Sale 113 122 130 90% 84% Sale 120 117% Sale 82 72% Sale 107 104% Sale 18% 15% Sale 52% 44% Sale 162 Sale 180 54 53 55 41% 40% Sale 87 86 90 Sale 33 36 104% 99 Sale 109 110% 109% 160% Sale 198% 119% 115% Sale Lowest. Sale Ask. Sale Prices. 2 % July 20 3% 3% 6 4)4 July 17 5% Sale 27 July 2 29% 25)4 July 1 28% Sale 35)4 July 1 39 36 % July 6 37% Sale 35 July 27 37% 62 % July 13 62% Sale 66 % July 13 69% Sale 27% July 1 30 Sale 27 )4 July 1 30% Sale 95 July 31 97% Sale 173 July 1 194% 115 140 32 July 2 33% Sale 70 July 23 72 72 Sale 113)4 July 1 115% Sale 116 July 7 118% 79 70 July 16 72 72 26 July 13 29% Sale 26 % July 8 32% 30 Sale 64 July 31 66% 3 31 July 13 34% Sale 58 July 14 58% 59 76% July 30 81 % 77 Sale 110 % July 23 116 Sale 80 July 3 99% Sale 42)4 July 3 47% 9 July 29 9% 9% 34% 50 July Sale 55% Sale 23% 21 )4 July 520 600 520 July Sale 3 2)4 July 39 36 July 37 58% 55 July 58 62 61% 59% July 32 July Sale 40% Sale 90% 81 % July Sale 35% 32)4 July Sale 81% 7614 July 80 July 80% 81 149 5 2 121% Sale 125 121. RANGE SINCE JA N . 1. PRICES Shares. 5,300 6,600 300.800 600 451.200 200 46.400 172 548,300 595,140 157.800 36.300 922,500 700 641 433,809 14.400 100.000 9,820 502 4,210 353,400 32,500 7,900 3,000 463.200 16.300 450,120 101,600 9,175 75,900 14.300 2,600 41.400 7,650 32 400 2,800 600 141.700 2,400 Price about Jan. 2 1925. [V ol. 102 % 92% 50% 15% 70% 100% 141% 77% 30% 83 120 % 36% 70% 54 16% 24% 37% 89% 22% 74% 128% 100 21% 47% 94 17 62 108% 15% 11% 2% 131% 92% 120 85 107% 23% 68% 185 58 41% 87% 36 109% 110 212% 120 Sale Prices. 2% July 20 3% July 27 July 2 26% July 27 25% July 7 35 July 17 36% July 7 34 July 13 60% July 29 60 July 16 27% July 28 23 July 23 89% July 23 112 115 127 July 6 2 1 % July 10 64% July 28 111 July 28 112 % 72% July 15 70 July 20 13% July 20 18 July 14 59% 1% July July July July July July July 28 28% 29 57 2 69 28 106 16 64 17 32% 13 7% July July July July July July July July July July July July 1 43% 2 16 29 510 2% 7 8 30% 8 40 24 57% 31 28% 29 74% 15 30% 17 71 15 77% 20 July 15 143 3% July 1% 113% July July 113% July 118 July 89% July 88% July 100 July 28 July 20% 275 July July 9% 33 July July 21% July 123% July 75% 77 July 58% July 23 July 64 34% July 42% July 13% July July 61% July 60% July 78 68 % July July 134 July 139 July 63 July 69% July 35% 36% July 17% July 42 July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July July 28 27 20 21 28 28 28 20 25 7 20 1 16 28 31 15 15 18 28 30 28 15 15 1 1 27 29 16 22 15 16 57% 76 43% 70% 20% 35 97% 77% 83 43% 7% 58 94% 133% 72 18% 48% 64% 19% 55% 38% 11 16 32% 84% 19% 72 105 94 10% 22 Highest. Sale Prices. Prices. Apr. 14 4 Jan. 2 Apr. 14 6 % Jan. 23 M ay 15 34 Feb. 24 July 1 28% July 27 June 23 46% Jan. 2 July 6 37% July 17 June 29 43% Jan. 5 Jan. 23 62% July 13 Apr. 24 71% June 25 June 24 40% Jan. 19 M ay 8 M ar.-30 34 Mar. 30 101% Jan. 10 M ay 16 194% July 23 June 18 117 June 18 M ay 13 138 May 21 Mar. 18 33% July 6 Feb. 18 72 July 10 Mar. 31 119% Jan. 7 Apr. 23 119 Jan. 7 Apr. 29 77 June 10 July 16 74 Apr. 17 Mar. 23 34% Feb. 9 Jan. 8 32% July 20 Jan. 2 6 6 % July 14 Jan. 6 3% M ar. 6 Mar. 30 40% Feb. 21 Jan. 15 59% Feb. 24 Mar. 3u 83% June 6 Jan. 16 117% M ar. 2 M ay 20 100 Jan. 14 Mar. 23 51% Feb. 9 Mar. 11 10% Jan. 2 Jan. 13 34 M ay 8 M ay 7 Mar. 20 57 Mar. 19 25 M ay 7 June 22 Feb. 7 535 Jan. 5 4 M ar. 6 Apr. 4 56% Jan. 12 Jan. 9 Mar. 30 71 Feb. 9 June 9 63 Jan. 2 40% July 31 Jan. 2 90% July 29 Feb. 6 Jan. 5 41 M ay 20 M ar. 30 84 Jan. 28 80% July 15 Apr. Apr. June Feb. June June July Jan. Jan. Mar. Apr. July May June Apr. Mar. Jan. Jan. Apr. M ay Jan. Jan. Apr. Apr. June July July Apr. July Jan. Mar. Mar. Mar. Mar. July Apr. 36 43 134% 80 80% 71% 38 69 50% 48% 20% 72 63% 84 75% 30 134 20 142 73% 91% 41 44% 24% 62% M ar. 6 M ay 7 Jan. 12 M ay 8 Jan. 13 Feb. 24 July 7 July 28 M ay 25 M ar. 2 Jan. 7 M ay 11 June 17 July 13 July 29 Mar. 20 July 24 July 13 M ar. 6 M ar. 7 Jan. 22 M ar. 7 Jan. 5 Jan. 12 Feb. 25 July 24 Jan. 16 Jan. 10 July 30 M ay 20 Jan. 2 June 1 June 8 June 1 Jan. 9 Jan. 9 Jan. 93% Jan. 92% June 53% June , 75% Jan. 16 35% Mar. 30l 48 June 8 108% Jan. 2 102 % Jan. 2. 92% Jan. 20! 58% Apr. 6 15% Jan. 22 70% Jan. 100% Apr. 153% Jan. 77% 33% Mar. Mar. 83% 123 Jan. 36% Mar. Jan. 70% 54 Jan. Mar. 17% Mar. 26% Jan. 55 Jan. 100 22% July July 74% Mar. 145 Apr. 100 21% Mar. Apr. 47% July 28 July 27 M ar. 2 M ar. 11 July 28 M ay 7 Jan. 9 July 20 Feb. 25 M ar. 13 July 20 July 1 July 16 Jan. 10 July 31 M ay 18 June 25 June 3 July 28 July 30 July 28 Jan. 9 Jan. 9 Mar. 11 M ar. 11 July 27 July 29 M ay 21 July 22 July 15 July 16 62 Jan. July July 90 Apr. 13 Apr. July July 47 Feb. July 86% Jan. July 10 Mar. July 9% Apr. July 1 Jan. July 119 Jan. July 80 Mar. July 117 Jan. July 71% Jan. July 103% Jan. July 13% Mar. July 36% Mar. July 161 Jan. July 53% Jan. July -i 36% Mar. July 7lI 80% Jan. 26% Mar, July July 90% Mar, July 107% Jan. July 158% Jan. July 115 Jan. 15 155 3 6 24 2 % 21 123% 10 124% 24 137% 7 89% 6 92% 8 104 24 36% 4 27% 16 294 12 75% 103% 18% 62 111% 15% 12% 2% 133 95% 120 86% 108 23% 68% 206 58% 43 87% 54% 109% 113% 212 % 121% M ay 29 Jan. 9 M ay 13 July 28 Feb. 26 June 19 M ay 27 M ar. 28 M ay 26 M ay 28 Feb. 26 M ar. 13 June 3 July 27 July 27 Feb. 11 June 19 Jan. 7 June 19 Jan. 3 July 28 M ay 20 July 29 June 12 STOCKS-STOCK EXCHANGE KECOKH A ug., 1925.] STOCKS N. Y . S T O C K E XC H AN G E SALES TO A U G . 1. In July. Par Shares. Am er C ar & Fdry new no par 18,700 1,700 Preferred______________ 100 7.800 American Chain w i ______ 25 12,100 American C hicle_____ no par 100 Preferred______________ 100 6.800 C e rtifica te s ____________ no par 1,300 Prior preferred_____ no par 100 Prior p ref certifs___ no par R igh ts____________________ 100 Am erican C oal C o ________25 7,300 Amer Druggists’ S ynd___10 American Express______ 100 100,800 Am Foreign & P ow er.n o par 6,800 P re fe rre d ______________ no par 900 Am For Pr ctfs 25% p d i n . . 18,800 Amer H ide & Leather___100 12,100 Preferred______________ 100 33,000 American I c e ___________ 100 6,500 Preferred______________ 100 89.400 Amer Internat C o rp _.n o par 32.100 A m La France Fire E n g ..1 0 300 Preferred______________ 100 12.300 American Linseed______ 100 5.100 Preferred______________ 100 48.300 A m Locom otiv e n ew . .n o par 1.100 Preferred______________ 100 26.400 American M eta l_____ no par 900 Preferred______________ 100 700 American Piano p ref____ 100 49.100 American R adiator______ 25 Preferred______________ 100 700 Amer Railways E xpress. 100 1,000 Amer R epublics______ no par 117,800 American Safety R a z or. .100 25,400 A m Ship & C om m ____ no par 138,000 Amer Smelt & R efin _____ 100 3,150 Preferred______________ 100 1,000 American Snuff_________ 100 Preferred______________ 100 29.300 Am St’l F ’dries ctfs newnopar 700 Preferred______________ 100 98,500 American Sugar R efin ___100 3,620 Preferred______________ 100 12,800 Am Sumatra T ob a cco___100 1,600 Preferred______________ 100 700 Am Teleg & C able______ 100 38.300 Amer Teleph & Teleg___100 31,825 American T o b a cco ________ 50 22,600 B - ---------------------------------- 50 2,800 Preferred______________ 100 2,600 Amer T y p e Foundries___100 500 Preferred______________ 100 65.300 Amer W at W orks & E le c . .2 0 9,753 First preferred (7 % ) . . 100 20,740 Par tic pref ( 6 % ) _______100 200 A m W holesale pref______ 100 110.900 American W oolen________ 100 21,100 Preferred______________ 100 5.400 Am W riting Paper, p re f. 100 1,100 Preferred certifica tes..100 7,000 Amer Zinc, Lead & Sm ___25 9,800 Preferred_______________ 25 164,100 A naconda C op per________ 50 12,000 Archer Daniels M id _ .n o par 1,100 Preferred______________ 100 12,900 Armour (Del) p ref______ 100 133.900 A rm our o f Illinois Class A . 25 18,200 Arnold Constable v t c .no par A r t lo o m __________________ no par 9,200 1.400 Preferred______________ 100 A rt M etal C on stru ction .. 10 40,800 AssociatedDryG dsnew no par 1,200 1st preferred__________ 100 400 2d preferred__________ 100 60,300 Associated O il_____________25 51.900 A tl G u lf & W I SS Lines. 100 14,500 Preferred______________ 100 14.900 Atlantic R efining________ 100 500 Preferred______________ 100 1,100 Atlas Pow der, new___no par Preferred______________ 100 2,200 Atlas T ack C orp _____ no par 15,500 Austin, N ichols & C o .n o par 200 Preferred______________ 100 700 A uto K n it H osiery___no par A uto Sales________________ 50 100 Preferred_______________ 50 189,100 Baldwin L ocom otiv e____ lOO 800 Preferred______________ lOO 1,400 Barnet Leather_______no par 150 Preferred______________ 100 41,100 Barnsdall C orp, Class A . .2 5 2.300 Class B . _____ _________ 25 5.300 Bayuk B ros______________ no par Preferred______________ 100 11.900 B eech-N ut P acking______ 20 200 Preferred B ____________100 116,200 Bethlehem Steel C orp ___100 3.300 7 % preferred__________ 100 500 C um con v 8 % p ref____ 100 8,600 B ooth Fisheries_______no par 2,200 1st preferred__________ 100 2,000 B ota n y Cons M ills A _____ 50 200 British Empire Steel____ 100 200 1st preferred__________ 100 200 2d preferred__________ lOO 10.500 B rooklyn Edison, In c___lOO 48.100 B rooklyn Union G a s. .n o par 26.100 Brown Shoe, In c_________ 100 576 Preferred______________ 100 160,300 Briggs M anufacturing no par 54.200 B runsw ick-B alke-C oll.no par 200 Brunsw’k Term & R y SeclOO 2,200 Burns B rothers_______no par 800 Preferred______________ 100 5.300 N ew Class B c o m ..n o par 7,800 B urro’s A d d M a ch ___no par 9.300 Bush Term inal C o, newi____ D ebenture________________ 600 Bush Term B ldgs, p r e f .. 100 13,100 B utte C opper & Z in c______ 5 5,200 B utterick________________ 100 18.200 Butte & Sup M in in g_____ 10 7.300 C addo Cent Oil & R e f.n o par 14.900 C alif Packing C o rp _ .n o par 123,000 California Petroleum _____ 25 300 Preferred______________ 100 8,000 Callahan Zin c-L ead______ 10 18,600 Calum et & Arizona M g . 1 0 15.500 Calum et & H ecla _________ 25 9,500 Case (J I) Thresh M a ch . 100 3.400 Preferred______________ 100 56,600 Gentral Leather_________ 100 77.500 Preferred______________ 100 6.400 C entury R ib b on M ills.no par P referred______________ 100 51,500 Oerro de Pasco C o p ___no par 274,100 Certain-Teed P rod ___no par 600 1st preferred__________ 100 6,000 6,000 Since Jan. 1 Price about Jan. 2 1925. Bid. Shares. 106,600 8.500 124 73,444 22% 102,100 3 9% 4.400 94 31,200 37 1.300 100 66.700 100 136,320 103.600 591.500 133,100 29,600 50,200 111,700 146.800 20.400 334,430 133.200 2.400 100.500 79.500 1.074.800 7.800 126,100 2.400 2.400 117,774 400 10.300 10.700 381,375 191.100 5 % Sale 162 Sale 126% 12% 69% 9 1% 79% 34% 11% 94 28% 53 107% 118 5 3% 115 9 4% 90 126 80 47 36% 11% 1,212,100 98 25,350 107% 6.500 145 1.300 95 52,725 7.500 107% 839,325 5 2% 41,395 93 214.600 12 59.700 3 4 % 7.100 41 557,602 130% 264,125 8 7% 355,300 86 25.900 104% 18,200 112% 1,450 105% 588.500 3 9% 19,253 100% 68,240 96 750 9 2 % 64 1,182,620 117.900 95% 35,650 5 1.900 4 40.300 11% 47.000 35 765.800 4 7% 40.400 2 7% 6.400 89 58,610 90 400.000 109.000 8% 17.700 3,520 2.300 15 63.700 8,475 94 4,066 101 579.200 3 3% 625.000 2 2% 158.500 3 1% 197.500 9 5% 5,200 114 5.800 50 900 92 51.900 10% 112.000 31 6.300 8 7% 20.000 2% 2.500 3% 4.000 15 2,923,150 131% 8,620 116 10,200 35 500 897.900 23% 49.500 17% 51.500 47 1.300 96 179.000 71% 200 816.600 5 0% 30,000 95% 16.500 110 51.700 5% 2.900 28 2.000 3.300 1,600 5,600 130.800 537.200 152.200 5,876 810.100 182.000 6.700 58.700 6.100 82,100 44.700 38.400 23.300 2,000 121.200 57,550 251.500 73.300 113.800 2.005.800 105.600 125.600 67.900 43.700 25.700 16.900 209.900 388.500 105,100 3.700 426.800 676.600 5,000 2% 9% 121 79% 72% 97 Sale Sale 112 Sale 32 3 9 % Sale 94% Sale 111% 112% 4% 4% 23 30 Sale 15% Sale Sale Sale Sale Sale Sale 115 52 94 Sale Sale 89% Sale 5 16% Sale Sale 37% 3 Sale Sale Sale Sale 99 98 Sale Sale Sale 1% Sale Sale Sale Sale Sale Sale Sale 66 Sale Sale 3 3% 96 Sale Sale ______ 1% 6% 134% 88 94% 103 41% 28% 4% 101 90% 23% 79 18% 87% 98 5% 20% 11% % 114% 28% 119% 2% 47% 13% 30 75 18% 62 3 5% 95 52 4 8% 96 July 31. Highest. Lowest. A sk. Bid. Ask. Sale P rices. Sale 101 Sale 100% July 30 126 126% 126 July 2 Sale 2 3% Sale 23% July 6 Sale 4 9% Sale 4 8% July 30 107 July 2 Sale 4 7% Sale 4 7% July 31 7 90 July 25 Sale Sale Sale 97 Sale 108 Sale Sale Sale 38 Sale Sale Sale Sale 104% Sale 109 Sale 101 Sale 96 Sale Sale Sale Sale 11% Sale Sale 28 94 92 4 5 9 6 % Sale _____ 97 22 23 64% 65 96 8% 24 2 3% 1% 104 2 3% 100 4% 5 7% 18% 29 62 19% 56% 2 9% 94 55 44 July 1. Sale 6 132% 137 41% Sale 90% Sale 130 135 10% 1 1 % Sale 70 109% Sale 82% Sale Sale 37 Sale 13 97% Sale 2 7% 28 Sale 71 Sale 115 119% Sale Sale 49 114 115 Sale 94 96% Sale 127% 76% 77% 69 65 57% Sale Sale 8 103% Sale 110% Sale 140% 143 100 101% 38% Sale 110% 111% Sale 66 Sale 98 8% 9 Sale 81 39 40 Sale 141 Sale 96 Sale 95 Sale 107 Sale 121 106% 109 62% Sale 99% Sale Sale 107 95 100 36% Sale 77% Sale 3% 3% 3% 3% 7% Sale 28% Sale 39% Sale Sale 33 Sale 97 97% Sale 23% Sale Sale 9 Sale 41 102 101 15% 17 Sale 53 99% Sale Sale 106 Sale 38 Sale 53 51% Sale 111% Sale 117% Sale 50 48 92 94 11% 11% 24% Sale 92 91 2 2% 4 5 15 15% Sale 116 111% 112 Sale 43 99 95 Sale 24 19 20 Sale 43 98 95 68% Sale Sale 13% Sale Sale 80% Sale Sale 100 Sale Sale Sale 120 Sale 119 95% Sale _____ Sale 50 Sale Sale Sale Sale 147 100 R AN G E S IN CE J A N . 1. PRICES I N J U L Y . A sk. Bid. 102 Sale 125% Sale 2 3% Sale 54 _____ _____ 52% 2 25 7% Sale Sale Sale 106 Sale Sale 5 102% 94 Sale 80 Sale Sale Sale 5% Sale Sale Sale Sale Sale 122 Sale Sale Sale Sale 77 Sale Sale Sael 98 Sale Sale 98 64 5 % Sale 135% Sale 39% Sale 90% Sale 133 135 10% Sale 65% Sale Sale 118 84 85 34% Sale 12% Sale 97 98 27% 28 72 71 113% Sale 118% 122 49% Sale 113% 115 90% 93% 111% Sale 128 76% 77% 64 68 64% Sale V % Sale 102% Sale 110% Sale 145 147 99% 102 37% Sale 110% 111 64% Sale 98% Sale 9 % Sale 75% 79% 40 41 138% Sale 98% Sale 96% Sale 106 107 Sale 117 107% 108 Sale 64 98% Sale 104 98 100 4 0 % Sale 83% Sale 2% 3% 2 1% 8 % Sale 27% 28% 41 % Sale 36 % Sale 96 97 96% Sale Sale 23 10% Sale 42 43 102 103 15% 16 51% Sale 99 96 106 107 38% Sale 4 7 % Sale 51% Sale 111% Sale 114 118 49% 51 90% 94 10% Sale Sale 24 92 90 2 1% 4 5 13 16 Sale 113 Sale 109 38 42 102% 96 21% Sale 17 18 39% Sale 96 96% 68% Sale 114% 41% Sale 95% 97% 112 113% 4% 5 35 4 0% 44 45 2% 1% 22% 25 6% 7% 138% Sale 87% Sale Sale 115 106 110 38% Sale 28% 28% 4% 5 102% Sale 91% 94% 23% Sale 92 Sale 17% Sale 87 88 100 5% Sale 19% 20 11% Sale % Sale 114% Sale 28 Sale 2% 48% 14% 4 4% 86 17% 62 3 2% 95 52 53% 97% Sale 49 Sale Sale Sale Sale Sale Sale 96 Sale Sale 98 Sale 105 128 24 54% 107 53 92 90 17 40 5 % July 25 6 131% July 3 141% 3 8% July 31 44% 90% July 29 91 % 132 July 15 133% 9 July 11 13% 65 July 22 71 1 122% 109% July 1 86 82% July 3 4% July 31 40% 12% July 31 14 1 97% 97% July 2 7% July 29 30% 71 July 1 73% 112 July 24 118% 119% July 20 121 4 8% July 3 51 115 July 2 115% 93 July 23 96 1 113% 96% July 76% 62 56% 5% 102% 109% 142% July 3 77% July 22 69% July 2 68 July 7 8% July 31 108% July 23 111% July 6 144 37% 110% 63 97% 8% 77 39% 136% 95% 94% 106% 117 109 6 1% 98% 106% 99 36% 77% 2% 1% 7 27% 38% 32% 96 96% 22% 8% 41 101% July July July July July July July July July July July July .July July July July July July July July July July July July July July July July July July July 1 40% 25 111% 10 68% 2 100 15 11% 22 83% 2 40 31 141% 3 99% 10 98% 1 108 31 122 7 110 7 68% 31 100 3 110% 27 100 8 41% 1 83% 20 3% 13 2 1 8% 29 31 3 43% 3 38% 10 97 % 30 98% 29 24% 6 11% 1 44% 9 103% 50 98 106 37% 46% 49 110% 117 49% July July July July July July July July July 30 7 1 6 29 14 3 24 8 10 22 91 % 1% 15% 112% 109 40 96 21 17 3 9% 6 31 31 27 21 29 27 31 15% 117% 111% 44% 99 25% 20 43 3 20 July 3 July 3 July 14 July 6 July 11 15 July 16 20 July 15 July 6 July 30 1 July July 9 July 31 July 22 July 28 July 3 July 15 July 3 July 3 July 30 July 21 1 July July 6 July 13 July 6 1 July July 30 July 31 July 3 1 July 1 July July 1 1 July July 6 July 8 July 10 July 13 69% 115 43% 97% 113 5% 37 46 i % 23% 6% 138% 91 121 106 43% 32% 4 105% 94 26% 95% 18% 88% 99% 6% 21% 12% % 117% 29% 119% 2% 52% 15% 46 86 20% 65% 36% 67% July 38% 93% 112% 4% 27 1% 6% 134 87 94% 105 38% 26% 4 102 91 % 22 79% 17% 86% 98 5% 19% 10% % 113% 27% 119% 2% 4 7% 13% 30 7 5% 17% 59% 31% 55% 99% 107 41 56 53% 116 117% 51% July 18 11% July 6 25% July 17 92 July 29 2 July July July July July July July July 25 51 July 3 5 4 % 1 54% 4 8% July 95% July 13 97 Lowest. Highest. Prices. Sale Prices. Sale Prices. July 9 9714 A p r. 27 111% M a y 8 July 28 July 28 12054 A p r. 2 128 F eb. 4 July 27 2 2% A p r. 2 27 A p r. 18 1 37 July Jan. 27 62 July 2 94 Jan. 5 109) M a y 22 July 1 37 Jan. 7 5 8) A p r. 18 8 89 % July 7 92 July 8 July 25 90 July 25 July 25 90 June 4 1-32 June 22 17 40 July 17 40" July 17 1 6 % Jan. 22 July 5 % M a r. 17 Jan. July 9 125 A p r. 27 166 July 16 2 7 % A p r. 7 47 June 17 July 9 87 F eb. 19 Jan. 6 94 July 15 114% A p r. 7 135 June 17 July 16 Jan. 14 8 % M a r. 31 14 July 1 59 M a r. 31 7 5% Jan. 14 July 28 83 M a r. 18 122% July 28 July 9 7 4% M a r. 17 86 July 9 July 1 1 3 2% M a r. 30 41 F eb. 5 July 3 11% Jan. 2 14 Jan. 15 July 1 95% F eb. 27 100 June 11 July 2 20 M a r. 25 3 0% July 2 July 2 53 Jan. 2 73% July 2 July 7 104% Jan. 5 144% M a r. 6 Ju ly 6 118% M a r. 20 124 F eb. 16 July 7 4 5 % M a r. 30 5 3% Jan. 2 July 21 111 M a r. 30 116% Jan. 8 July 9 91 % M a y 28 96 July 9 July 27 8 9% Jan. 3 113% July 27 126% Jan. 13 130% A p r. 2 July 30 7 6% M a y 13 84 Jan. 13 June 12 July 15 48 Jan. -8 76 July 27 3 6% Jan. 2 68 July 27 July 2 5 % July 7 14% F eb. 28 July 9 9 0% M a r. 30 108% July 9 July 8 105% Jan. 5 111% July 8 July 15 138% A p r. 22 150% F eb. 19 98% M a r. 2 102 June 19 July 20 3 7% June 11 4 0% July 29 July 7 108 A p r. 18 Jan. 7 112 July 21 47% Jan. 16 7 1 % A p r. 14 July 22 91% Jan. 16 101% F eb. 28 July 17 6 M a y 6 2 4% F eb. 14 July 3 28 A p r. 27 8 6% M a y 28 July 6 37 54 June 1 47 Feb. 25 July 13 130% Jan. 2 144% June 18 July 21 85 F eb. 17 9 9% July 21 July 20 8 4% F eb. 17 9 8 % July 20 July 7 104% Jan. 5 108 June 8 July 2 103 A p r. 22 124 June 25 July 9 105% M a y 2 110 Jan. 8 July 21 34% Jan. 13 6 8% July 21 July 9 9 8% July 31 103 F eb. 18 July 21 9 5% Jan. 2 110% July 21 July 27 96 Jan. 8 100 July 27 July 7 3454 M a y 6 6 4% Jan. 6 July 20 6 9% M a y 6 9 6% Jan. 20 July 6 2 % A p r. 2 7 % Jan. 3 July 10 4 Jan. 2 1% July 13 J Iv 10 7 M a y 12 12% Jan. 9 July 20 2 4% M a y 1 39 Jan. 9 July 17 3 5 % A p r. 21 48 Jan. 3 July 20 26 Jan. 7 3 8% July 20 July 21 90% Jan. 5 98% June 10 July 17 90% M a r. 31 9 8% July 17 July 21 20 M a r. 19 2 4% July 21 July 22 8 Jan. 5 12% Jan. 28 July 21 39 June 19 4 4% July 21 July 22 10154 M a y 14 103% M a y 19 15 Jan. 7 15% June 25 July 3 4 8% June 23 5 5% July 3 1 94 July Jan. 7 100 June 16 July 27 101 Jan. 2 108% F eb. 7 July 21 32 M a r. 30 4 1% June 15 July 2 20 July 2 Jan. 5 56 July 2 31 Jan. 5 5 3% July 2 July 28 9 5% Jan. 2 117% F eb. 5 1 113% Jan. 6 117% June 8 July July 17 45 June 5 5 2% F eb. 24 Jan. 9 92 Jan. 14 94 July 2 A p r. 28 9 % F eb. 16 13 July 27 22 July 6 3 2 % Jan. 12 July 3 87% Jan. 27 93 M a y 14 July 8 4 % M a y 14 13 Jan. 7 4 % F eb. 10 4 M a r. 10 July 6 13 A p r. 15 16% F eb. 3 July 2 107 F eb. 26 M a r. 30 146 July 3 109 M a y 1 116% Jan. 31 July 9 35 Jan. 5 4 9% M a r. 4 July 10 9 3% Jan. 26 99 July 10 July 9 21 M a r. 3 M a r. 24 30 July 9 16% A p r. 22 23 F eb . 6 July 1 39 A p r. 28 5 3% F eb. 14 95 A p r. 25 9 8% F eb. 16 July 2 60 M a r. 23 7 4% Jan. 10 .Tulvl 16 114% July 20 115 July 16 July 21 37 June 5 5 3 % Jan. 13 July 22 93 % June 1 102 Jan. 31 July 13 109 M ar. 18 116% F eb. 9 July 16 4 % M ay 4 7 Jan. 10 July 29 25 June 3 37 July 29 July 21 4 4 % July 15 46 July 21 July 9 1% M a y 4 3 % Jan. 26 July 27 22 July 20 33% F eb. 25 July 7 6 % July 15 11 % Feb. 24 July 21 120% Jan. 2 140% M a y 22 July 18 75% F eb. 17 91% M a y 22 July 31 64% M a r. 31 121 July 31 July 13 96 M a r. 25 106% June 15 July 8 3354 M ar. 17 44% M a y 25 July 3 24 June 25 49% Jan. 21 3 F eb. 17 July 28 5 % M a r. 7 July 29 9 2% F eb. 11 109% M a y 9 July 7 9 1% July 15 9 7 % A p r. 16 July 16 17 M a r. 31 30 June 6 July 20 65 Jan. 3 9 5% July 20 July 1 14% June 4 19% June 15 July 29 80 M a y 14 89% June 20 July 9 96% Jan. 6 101 M a y 14 July 20 8 % Jan. 2 4 % M ar. 31 1 17 July M a y 13 2 8% Jan. 3 July 17 6 % M a y 5 2 4% Jan. 9 July 1 % A p r. 25 2 % Jan. 12 July 9 100% Jan. 27 118 June 1 .1)1 Iv 20 23 % Jan. 2 32% M a r. 7 July 3 100 Jan. 2 123 M a y 22 July 2 2% M ay 8 4 % F eb . 19 July 9 45 A p r. 22 58 Jan. 7 July 20 12% M a y 26 18% Jan. 5 July 31 24 M a r. 18 46 July 31 July 30 60 M a r. 11 86 July 30 July 16 1454 M a r. 28 21% F eb . 7 July 20 4 9% M a r. 24 66 F eb. 7 July 2 31 % July 13 4 7% M a r .’ 7 9454 June 23 98% Jan. 14 July 15 4 3 % M a r. 24 5 5 % Jan. 2 July 28 4 0 % M a r. 24 54% July 28 July 8 8 9% Jan. 28 98 June 28 2 20 STOCKS-STOCK EXCHANGE RECORD STOCKS N. 7 . STOCK EXCH ANGE SALES TO A U G . 1. Par Shares. 700 C ertain-Teed Prod 2d p f.1 0 0 60.900 Chandler M Car (The)no par 46,200 C hic Pneumatic T o o l____ 100 7,700 Chicago Yellow C a b .. n o par 41,600 Childs C o . __________ no var 45.900 Chile C op per____________ 125 5,400 Chino C opper______________5 64,800 Chrysler C orp ctfs ____ no par 23.100 Preferred___________ no var 4.600 d u e t t . Peabody & C o ___100 300 Preferred______________ 100 C oca C ola ________________ no par 79.900 400 Preferred______________ 100 138,200 C olorado Fuel & Iron ____ 100 156,300 C olum bia Gas & E le c.n o par 1.600 Preferred______________ 100 4,000 C olum bian C arbon___no par 800 C om In v T ru st______ no par Preferred______________ 100 5,750 C om m ercial Solv A ___no par 6,900 B _______________________ no par 64,300 C ongoleum C o new ___no par 1,100 C onley Tin Foil s tp d . -n o par 19,900 Consolidated Cigar___no par 4,200 Preferred______________ 100 73.100 Consol Distributors. . n o par 181,800 C onsolidated G as____ no par 38,400 C onsol T extile________no par 500 Continental Can In c pref 100 287,400 C ontinental C an _____ no par 4.400 Continental Insurance____25 103,300 C ontinental M o to rs _ .n o par 700 C orn Prod R efg pref____ 100 100,800 N ew w i _____ :__________25 900 Crex Caimet_____________100 96,600 Crucible Steel o f Amer_.10G 2.400 P referred______________ 100 8.700 C uba Cane Sugar____ no par 41,200 Preferred______________ 100 49,700 C u b an American Sugar___10 700 Preferred______________ 100 11.100 C uban D om in Sugar. . n o par 3.700 Preferred______________ 100 29,100 C u d a h y Packing_________ 100 2,100 Cushmans Sons______ no par Preferred______________ 100 18,100 C uyam el Fruit________no par 15,900 Daniel B oone W ool M ills .25 42,100 D avison Chem v t c . . n o par 1,000 DeBeers Cons M in es.n o par 1,800 Deere & C o pref_________ 100 13,799 D etroit E dison__________ 100 D evoe & Raynolds 1st p f.1 0 0 455,600 D od g e B ros, Class A .n o par 154,200 P ref tem p certifs___no par 11,400 D om e M ines L t d _____ no par 15,100 Douglas P ectin______ no par 3,000 Duquesne Light 1st p re f. 100 Durham H osiery_________ 50 100 Preferred______________ 100 17.100 Eastm an K od a k _____ no par 46.800 E aton A xle & S p rin g ..n o par 47.700 E I du P on t de Nem & ColOO 3,400 6 % cumul pref________ 100 16.100 E lec Pow & L t p f 4 0% pd w ' 409,000 C ertificates______________ 2.900 Full paid w i ____________ 16,000 Preferred certificates____ 26.700 E lec Storage B a ttery .n o par 300 Elk Horn C oal C orp _______50 200 Preferred_______________ 50 26.300 Emerson-Brantingham _ .100 13.400 Preferred______________ 100 25.800 E n d icott-J oh n son ________ 50 900 Preferred______________ 100 1.700 Exchange B uffet Corp.no par 100 Fairbanks C o (T h e)______ 25 48,000 Fairbanks M orse_____ no par 900 Preferred______________ 100 200,400 Fam Players-Lasky_.no par 7.000 Preferred______________ 100 192.200 R igh ts_______________ 1,800 Full paid receip ts_.no par 41,100 Federal Light & T rac new 15 300 Preferred______________ 100 200 Federal M in & Smelt____ 100 7,600 Preferred______________ 100 900 Fidelity Phenix Fire I n s . . 25 1,200 Fifth Avenue B us____ no par 800 First N a t Piet, 1st p re f. .100 134.200 Fisher B od y C orp, N e w ..25 900 Fisher B od y Ohio p ref___100 Fisk R u b ber______________ no par 605,900 16.900 First preferred________ 100 118.300 Fleischmann C o _____ no pau 125.800 Foundation C o ______ no par 200 Franklin Simon p ref____ 100 76,800 Freeport Texas C o ___no par 8.700 Gardner M o to r _______no par 4.000 G en Am er T ank C ar____ 100 2,800 7 % preferred__________ lOO 49,300 General A sphalt_________ 100 4,200 Preferred______________ 100 25.400 Gen Baking C o ______ no par P referred __________ no par 19.100 General Cigar I n c________ 100 300 Preferred______________ 100 200 Debenture p ref (7 % )-.1 0 0 103.700 General E lectric_________ 100 13,400 Special when issued____ 10 449,3001 G en M otors C orp new no par Preferred______________ 100 100 6 % debenture stock ___100 17.100 Preferred 7 % new ____ 100 203.700 General Petroleum ________25 19,600 G en eral R ailw ay S ign a l-.100 900 Preferred______________ 100 1,000 General R efractories_no par 9.600 G im bel B rothers_____ no par 900 Preferred______________ 100 62.100 Ginter C o _____________no par 12,290 Glidden & C o _________ no par 30,100 G old D ust certifs____ no par 190,900 G oodrich (B F),______ no par 2.500 Preferred______________ 100 5.500 G oodyear Tire pr p f w 1 ..1 0 0 22,800 Preferred______________ 100 8,200 G ranby Cons M S & P ..1 0 0 35,800 Great W estern Sugar_____ 25 1.600 G rea t W estern Sugar pref 100 5,000 Greene Cananea C op p er. 100 1,600 Guantanam o Sugar___no par P referred ----------------------100 134,300 G u lf States Steel________ 100 First preferred________ 100 1,200 Hanna 1st preferred_____ 100 24,400 H artm an C orp oration___100 122,900 Hayes W heel_________ no par 600 Preferred______________ 100 800 H elm e (G W )_____________25 Price about Jan. 2 1925. Since Jan. 1. In July. 200 Shares. 4.100 441.900 111.900 19.800 186,400 554.200 30.150 64.800 23,100 31.300 1,600 568.900 3.100 751.100 1,094,600 73,200 44.400 12,600 1,800 91,750 116,050 694.000 36.900 268.200 16.300 1,164,322 1,219.100 335,350 1,800 730.200 79.600 1.202.700 10,105 696,300 3.200 824,890 11.600 173.800 504.900 305,570 3,900 92,668 18,000 48.300 Bid. 400 161.400 87.700 541.200 3.200 100 3634 97 34 54 37 34 2734 60 34 102 80 34 95 4334 4734 Sale 104 Sale 99 Sale Sale 49 50 103 121 122 34 4234 14 34 2614 79 34 334 76 34 434 112J4 69 105 814 121 40 J4 41 74 34 9314 13 59 2914 9614 6 4314 Sale Sale 103H Sale Sale Sale Sale Sale Sale Sale Sale Sale 115 Sale Sale Sale Sale Sale 50 Sale Sale Sale Sale Sale 9814 Sale Sale 21,000 66 54 714 4514 2314 6.100 8114 78.309 11214 650 9614 865.100 552.100 104.600 1314 78.500 16 20.310 10514 1,100 2 300 217.800 111 207.200 15 665.100 13914 18,650 9414 456.600 2.082.700 67 ____ Sale Sale Sale Sale 8314 Sale 100 Sale Sale Sale 8 Sale Sale Sale Sale 21,200 26.700 315.100 2,400 700 38.900 18.200 91.900 6,600 12.400 2.300 149.600 1.500 1.238.500 44.400 221.900 1,800 196.800 3,120 12,800 61.700 20,510 12,800 1,600 354.600 5.300 1.989.500 83.300 375.600 478,880 4.500 853.900 256,500! 59,600! 6,100 455.100 6214 1114 21 214 15 69 1914 Sale 214 3 3214 Sale 9714 Sale 107 Sale 8A 87 2H 4 24 6114 Sale 1114 12 103 1314 85 8514 91 10414 1014 414 106 Sale Sale Sale Sale Sale Sale Sale 63 Sale Sale Sale 121 Sale 108 110 Sale Sale Sale 94 94 Sale Sale 21,100 100 58.600 600 99.400 1,800 1,400 986,810 153.000 3.322.000 1,833 3,000 118,450 2,186,610 34.600 1,500; 39,280 192,800! 8,900 209.300 830,790 98.600 808.500 18.500 41,300 218.800 67.200 250.000 10,050 28.200 13,800 Sale 1214 25 Sale Sale Sale 145 119 9614 103 105 317 1114 66 92 92 10214 4214 53 551-4 105 24 14 4214 3714 90 104 8914 2014 9214 11114 1914 514 Sale Sale Sale Sale Sale Sale Sale 92 Sale Sale Sale Sale Sale Sale Sale 92 100 552,600 '8714 Sale 1,045 102 103 7,250 87 89 181.100 3414 Sale Sale 362.700 38 Sale 9,100 100 10.600 _____ 80 R AN G E S IN C E J A N . 1. PRICES I N J U L Y . July 1. Ask. Bid. 88 3614 Sale 9114 Sale 48 55 5914 Sale 21 Sale July 31. A sk. Bid. Sale 90 33 Sale 92 10214 Sale 4614 Sale 5414 3314 22 2214 118 104 Sale 6014 107 105 Sale 135J4 Ask. 97 Sale Sale 4914 Sale Sale 25 Sale Sale Sale 10614 Sale Lowest. [V ol. 121. Highest. Lowest. Highest. Sale P rices. Prices. June 18 F eb. 13 90 Jan. 22 3934 June 9 M a r. 19 10434 July 28 Jan. 3 July 7 55 M a r. 31 5934 July 1 M a r. 30 37 34 Jan. 2 A p r. 23 2834 F eb . 9 July 18 July 14 120 July 24 10434 July 31 61 M a r. 17 7134 Jan. 12 105 F eb . 21 Jan. 16 108 118 Jan. 6 13734 July 27 99 100 100 102 Jan. 27 10134 M a r. 2 Sale 42 4214 Sale A p r. 21 4834 Jan. 13 Sale 69 Sale 64 Jan. 21 69 34 M a y 21 10914 10914 10714 Jan. 3 11034 July 15 48 4814 Sale 46 M a r. 24 5134 Jan. 8 62 67 F eb . 16 Jan. 2 67 6114 66 10614 10214 10414 103 102 M a r. 19 10634 Jan. 19 93 Sale 95 90 Jan. 29 M a y 25 190 8814 July 21 103 July 80 90 85 88 July 21 103 9214 Sale Jan. 29 M a y 25 189 July 76 22 July 29 2614 July 13 22 2514 Sale July 29 4334 Jan. 2 2414 Sale 1 F eb. 10 Vs July 13 34 July 1634 M a y 19 17 14 Vs 3814 Sale 36 July 3 39 J4 July 24 2634 Jan. 2 4434 M a y 29 38 Sale 84 Sale 84 87 8314 July 87 34 July 29 7934 Jan. 2 8934 F eb. 14 414 Sale 334 July 314 Sale 934 F eb. 19 614 July 21 334 Jan. 7 88 Sale 8714 Sale 8614 July 9214 July 20 74 34 M a r. 30 92 34 July 20 3 Sale 214 Sale 214 July 534 Jan. 7 314 July 6 2 34 June 9 115 118 117 July 117 120 117 July 2 114 July 2 F eb. 6 117 68 Sale 7714 Sale 6714 July July 29 80 July 29 6034 M a r. 29 80 Sale 112 July 11214 Sale 114 Jan. 5 12034 Jan. 26 11514 July 22 103 914 Sale 914 July 31 1014 July 13 1014 Sale 834 Jan. 2 1134 M a y 9 120 124 12314 July 29 127 125 127 July 3 11834 Jan. 7 127 July 3 3314 Sale 3314 July 31 3714 July 3614 Sale 1 3234 M a y 29 4134 F eb . 25 49 51 4514 48 4514 July 24 5234 July 29 36 M a r. 30 5234 July 29 69 Sale 7014 Sale 6714 July 10 7514 July 28 6434 M a r. 30 7934 Jan. 17 96 Sale Jan. 15 9314 July 1 96 9314 Sale July 14 92 M a y 8 96 1014 July 29 1214 July 2 1034 A p r. 29 1434 F eb . 9 1214 Sale 1014 11 5214 Sale 4614 Sale 4614 July 31 5314 July 2 4634 July 31 6234 F eb. 26 29 Sale 27 Sale 27 July 28 2914 July 2 26 July 28 3334 M a r. 3 9514 Sale 96 9714 95 >4 July 1 97 M a r. 13 July 17 9534 M a y 5 101 314 Sale 414 Sale 314 July 16 634 F eb. 27 434 July 1 3 34 July 16 23 34 July 17 30 30 3314 23)4 Sale July 16 2334 July 17 4434 Jan. 6 Sale 9914 July 31 10614 July 3 96 10214 Sale 100 June 3 10634 July 3 7 6 Sale 72 July 21 7734 July 24 62 77 Sale June 8 M a r. 30 87 M a r. 18 M a y 26 103 101 ___ 101 ____ 101 5414 Sale 5414 Sale M a y 25 F eb . 17 59 5314 July 24 5614 July 8 50 114 Sale 1 July 28 2 July 1 1 lV s 1 June 25 734 Jan. 9 3514 Sale 3614 Sale 3414 July 10 4014 July 2 1 1 2734 A p r. 30 4934 Jan. 23 1914 21 2014 July 24 2234 July 24 2034 M a r. 18 2434 Jan. 28 2014 21 105 107 July 29 8234 Jan. 6 107 9614 July 10 107 9814 100 July 29 Sale 12314 July 6 13434 July 29 110 12314 Sale 130 Jan. 5 13434 July 29 107 1 0 0 1 4 ____ 102 9734 Jan. 29 10034 M a y 12 2414 Sale 2514 Sale July 14 July 14 2134 June 9 31 23 34 July 6 31 8034 Sale 80 34 July 6 8434 July 14 73 34 M a y 7 8434 July 14 8114 Sale 14 Sale 14 Sale 14 July 4 1514 July 16 1234 A p r. 14 1634 Jan. 19 1814 July 13 2134 July 24| 14 F eb. 16 2134 July 24 1814 1914 2014 Sale 110 111 110 11014 11014 July 7 11114 July 20 105 Jan. 7 11134 June 8 11 15 9 Jan. 31 7 15 8 Jan. 31 50 65 4414 49 50 July 11 50 July 11 43 34 June 3 50 July 11 10714 Sale 10514 Sale 10414 July 18 10814 July 2 10434 July 118 Jan. 19 1714 Sale 1734 Sale 17 July 2 1 2034 July 7 1034 F eb. 2034 July 7 Sale 177 17914 Sale 189 July 2249114 July 29 13434 Jan. 19134 July 29 July 1 7 4 0 2 July 7 94 Jan. 23 102 10014 100 July 7 101 10114 100 June 16 July 3 4 1 0 July 8 100 M a r. 18 110 10814 Sale 10814 Sale 107 35 3% Sale 3514 Sale 35 July l! 4034 July 16 1734 A p r. 25 4034 July 16 110 Sale 10914 111 1 0 8 _ July _ 6 11034 July 14 10034 M a r. 28 11034 June 20 92 Sale 9114 Sale 9014 July 15 92 June 10 July 1 90 June 5 94 62M Sale 6414 Sale 6214 July 1 6534 July 28 6034 M a r. 30 7034 Jan. 3 10 1114 1 1 M 13 1134 July 29 1134 July 30 734 F eb. 17 1134 July 30 20 25 16 M a y 26 2034 Jan. 19 2014 35 414 Sale 134 July 8 ~ 5 3 4 July 31 134 M a y 1 114 114 534 July 31 20 Sale 10 814 July 8 21 July 31 July 31 8 M a y 27 21 Sale 69 Sale 66 July 1 72 July 29 6334 A p r. 2 72 Jan. 9 115 116 119 114 July 9 11534 July 29 111 M a y 28 11634 F eb. 16 16 1614 1514 1614 1334 July 23! 1634 July 9 1334 July 23 1934 Jan. 3 2 4 4 6 3 34 July 29 3 34 July 29 434 M a y 28 2 34 M a r. 27 39 4614 Sale 38 July 10! 49 34 July 20 32 34 Jan. 2 4934 July 20 10614 Sale 10814 110 10634 July 1 10934 July 20 10634 June 29 10934 July 20 10314 Sale 10714 Sale 10034 July 11 114 34 July 27 9034 F eb. 17 11434 July 27 11514 Sale 117 118 11534 J u ly . 1 120 July 27 103 34 F eb. 17 120 July 27 414 Sale July 24 434 July 1 834 July 24 434 June 18 July 29 103 Sale 103 July 31 109 July 29 103 July 31 109 3034 July 31 33 34 July 8 30 3314 Sale June 19 3034 Sale M a y 21 36 M a r. 9 Jan. 14 87 8534 July 21 8534 July 13 85 8514 8614 8534 86 Jan. 19 18 15 15 17 1734 July 14 1734 July 14 1534 M a r. 13 25 Sale 56 54 July 3 5834 July 17 4934 M a r. 11 64)4 Jan. 15 5514 Sale 165 Sale 16134 July 7 167 34 July 24 14734 Jan. 6 175 167 M a y 15 161 Sale 15 17 Jan. 8 1734 July 13 16 16 July 1 1734 July 13 12 Sale 101 July 8 1 0 1 July 8 100 101 10014 102 June 16 10134 June 11 Sale 82 7014 Sale 7034 July 1 8634 July 30 6034 Feb. 171 8634 July 30 Sale 11034 July 13 111 110 11014111 July 31 10434 M a r. 23 11134 June 9 20 July 10 2434 July 28 1034 M a r. 24! 2434 July 28 2234 Sale 2014 Sale 10314 Sale 10634 Sale 10034 July 7 107)4 July 22 7534 Jan. 16 107 34 July 22 96 Sale 8414 Sale 84 July 1 9934 July 24 75 M a r. 19 9934 July 24 122 Sale 13034 Sale 120 July 1 13434 July 29 90 Jan. 6,13434 July 29 104 105 105 July 6 105 July 6 10134 M a r. 9 10534 June 25 15 Sale 13 34 July 11 1734 July 1 8 " M a r. 18 1834 June 15 1734 Sale 8 July 8 8 Sale 9 Sale 434 Jan. 2 1634 M a r. 2 9 34 July 14 Sale 45 July 3 47 34 July 8 44 34 A pr. 27 5834 Jan. 10 45 34 4 634 46 10214 Sale 9834 July 2 10234 July 25 9334 F eb. 16 10234 July 25 9734 99 5214 Sale 5134 July 6 5534 July 30 4234 M a r. 30 6334 Jan. 2 5434 Sale 96 Sale 93 July Jan. 2 9414 Sale 9634 July 29 8634 M a r. 17 100 145 Sale 15834 Sale 143 July 13 16234 July 24 121 M a r. 7 16234 July 24 115 125 119 Jan. 12034 A p r. 29 11634 125 91 Sale 86 July 1 9134 July 31 8434 M a y 87 Sale 10134 M a r. 4 105 112 110 July 21 110 11134 M a r. 12 105 110 Jan July 21 105 104 107 104 July 2 105 100 105 July 14 104 July 10934 F eb. 25 320 Jan. 2 28734 Sale 29414 Sale 28434 July 20 296 34 July 31 22734 F eb. 1134 Sale Jan. 1134 Sale 1134 July 22 1134 July 10 11 1134 July 10 89 Sale 85 Sale 84 July 3 8934 July 29 6434 Jan. 8934 July 29 98 July 6 98 _____ 9634 ------F eb. 96 July 6 90 98 July 6 96 _____ 9634 ------9634 July 15 9634 July 15 8834 A p r. 21 9834 June 27 11214 Sale 11234 Sale 112 July 13 11334 July 11 102 Jan. 5 11334 July 11 52 July 31 5734 July 16 42 June 12 5734 Sale 5234 Sale Jan. 16 59 171 Sale 220 Sale 16634 July 3 220 June 11 220 July 31 144 July 31 97 99 34 9034 July 10 9934 July 30 9034 Ju ly 10 9934 July 30 9034 95 44 A p r. 28 5834 Jan. 14 4714 45 4634 4434 July 16 4534 July 24 43 Sale 54 56 57 54 July 30 5634 July 3 47 June 9 M a r. 16 62 Sale 103 34 July 10 105 103 105 July 31 10234 M ar. 14 10534 Jan. 20 Sale Sale 41 38 3734 July 2 4334 July 24 2234 F eb. 13 43 34 July 24 Sale 21 2134 Sale 2034 July 8 2234 July 2 1234 M a r. 19 2334 M a y 1 Sale 39 4334 Sale M a r. 3 44 July 31 37 July 31 3734 July 21 44 5434 Sale 5634 Sale July 15 3634 Jan. 5 59 July 15 5234 July 6 59 9714 99 9734 993 9734 July 6 9934 July 15 9034 July 10 99 34 M a y 22 10534 Sale 105M 106 A p r. 27 107 34 M a r. 6 July 30 103 10434 July 14 106 10514 Sale 10334 Sale 10134 July 10 10534 July 8634 Jan. 6 10534 July 1 1434 July 2 16 34 July 1434 Sale 13 M a r. 30 2134 Jan. 14 1434 16 Jan. 16 11334 June 19 10814 Sale 9534 Sale 9534 July 31 1083% July 2 91 114 Sale 11034 11434 11134 July 29 11434 July 10 107 A p r. 16 11534 June 25 13 1334 1234 July 7 1434 July 15 1134 M a r. 19 1934 Jan. 2 1234 13 634 Jan. 5 434 Sale 5 July 10 534 434 July 31 434 July 31 434 80 Jan. 23 80 Jan . 23 8534 -------- 8534 Sale 84 8134 Sale J .l y 14 8634 July 21 6734 M a r. 24 9434 F eb. 5 10134 M a y 9 106 June 18 106 102 106 F eb. 11 July 50 55 45 50 4234 July 21 89 4234 July 21 51 July 2734 Sale 2934 Sale 2734 July 25 30 253 A p r. 24 3734 Jan. 7 38 Sale M a r. 14 4334 July 28 38 July 1 4334 July 28 30 4234 Sale Jan. 7 10534 M a y 28 103)4 Sale 103 July 16 10334 July 3 100 10234 104 M a y 7i 7734 Jan. 21 68 69 6834 July 21 7034 July 6 66 6834 Sale Sale 88 3014 90 4414 5414 3314 2114 10814 10014 60 10514 11714 99 40 6314 10914 47 61 Prices. July 1 July 28 July 3 July 7 July 30 July 3 July 3 July 14 July 24 July 31 July 23 July 10 July 2 July 21 July 11 July 2 July 10 July 22 Sale 90 3614 10414 5014 59J4 35 2414 120 10434 65 107 13734 100 4514 6914 11034 4934 64 Prices July 29 July 2 July 28 July 16 July 1 July 17 July 17 July 18 July 31 July -8 July 3 July 27 July 2 July 9 July 27 July 15 July 17 July 8 Sale 8034 2834 8034 4434 4934 3034 19 10834 10034 5834 10334 80 99 3234 4534 10434 45 50 STOCKS-STOCK EXCHANGE RECORD A ug., 1925.] STOCKS SALES TO A U G . 1. N. T . STO C K EXCHANGE In July. Par H oe (R ) & C o Class A .n o par Hom estake M ining_____ 100 Household P rod u cts_.n o par H ouston Oil o f Texas____ 100 H ow e Sound_________ no par Hudson M otor C ar___no par H upp M otor Car C orp ___10 Hydraulic Steel p r e f ____ 100 Indep Oil & G as_____ no par R igh ts_________________ Indian M otocy cle ____ no par Preferred____ , ________ 100 Indian R efining__________ 10 Preferred ______________ 100 In g ersoll-R a n d __________100 Inland Steel__________ no par Preferred______________ 100 Inspiration Cons C o p p e r. .2 0 Internat Agricultural .n o par Prior preferred________ 100 In t Business M achines no par R igh ts_________________ Internat C em ent_____ no par R igh ts_________________ Inter C om bus E n g___no par Internat H arvester______100 Preferred______________ 100 Internat M erc M arine___100 Preferred______________ 100 International N ickel_____ 25 Preferred______________ 100 International Paper_____ 100 Preferred ( 6 ) _________ lOO Preferred (7 )___________ International Salt______ 100 International Shoe___no par Preferred______________ 100 Int Tel & T e l..................... 100 Intertype C orp ______ no par Iron P roducts C orp ---------- 10 Jewel Tea In c___________ 100 Preferred______________ 100 Jones Bros Tea In c_____ 100 Jones & Laugh Steel p ref. 100 Jordan M otor C ar____ no par Kansas C ity L t 1st p f.n o par Kansas & G u lf___________ 10 K ayser (J) & C o n ew .n o par First preferred n ew .n o par Kelly-Springfield T ire____ 25 Preferred 6 % _________ 100 Preferred 8 % _________ 100 Kelsey W heel I n c________ lOO P referred______________ lOO K ennecott C op p er___no par Keystone Tire & R u b .n o par K inney (G R ) ________no par Preferred______________ 100 Kresge (S S) C o _________ 100 Preferred______________ 100 ot Stores___no par ___________ 100 Kress C o ________________ 100 K uppenheim er_____________ 5 B preferred___________ 100 Shares. Laclede Gas (St L ou is)..1 0 0 Preferred______________ 100 Lee R ubber & T ire___no par Lima L oco W orks____ no par Liggett & M yers T ob p f.1 0 0 N ew ____________________ 25 B new__________________ 25 Loews In corp ora ted ..n o par L oft Incorporated____ no par Long Bell Lum ber A . . n o par Loose-W iles Bis tr ctfs___100 First preferred________ 100 2d preferred__________ 100 Lorillard (P) pref________ 100 N ew ____________________ 25 Louisiana Oil- ---------- no par Louisv Gas & E l A ctfs no par Ludlum Steel_________ no par M cC rory Stores, cl B .n o par Preferred______________ 100 M cIn tyre Por M ines______ 5 M ackay Com panies_____ 100 Preferred______________ 100 M ack T ruck In c_____ no par 1st preferred__________ 100 2d preferred__________ 100 R ig h t s ________________ M a c y ................. no par Preferred______________ 100 M agm a C opper______ no par M allinson(H R )& C o .n o par Preferred______________ 100 Manati Sugar------------------100 Preferred______________ 100 M anhattan El S u p p . .n o par M anhattan Shirt-------------- 25 Preferred______________ 100 Manila E lectric C o rp .n o par M aracaibo Oil E x p l___no par M arland Oil__________ no par M arlin-R ockw ell-------- no par M artin Parry C orp — no par M athieson Alkali W ks.no par Preferred______________ 100 M axwell M ot W V cl A ..1 0 0 •A certificates--------------Class B ____________ no par B certificates------------------M a y D ept Stores-------------- 50 Preferred______________ 100 Mergenthaler L inotype _ _ 100 M etrop ol Edison p ref.n o par M etro-G oldw yn P ic p ref. .27 M exican Petroleum -------- 100 M exican Seab’d O il-- .n o par M iam i C op p er------------------- 5 M id -C o n t’ fP e tro le ’m .no par P referred---------------------100 M iddle States O i l - - - ..........10 C ertifica tes-------------- - - - 1 0 M idland Steel P rod p r e f-100 M idvale Steel & O rd -------- 50 M ontana P ow er-------------- 100 Preferred______________ 100 M on tgom ery W ard & C o . 10 M oon M otor C ar-------- no par M other Lode C oali— no par M otor W heel tern ctfs.no par Mullins B o d y _________ no par P referred----------------------100 Munsingwear_________ no par M urray B od y c t f s .- . -no par Nash M otors C o _____ no par Preferred______________ 100 Since Jan. 1 1,200 1,200 44,500 24,200 15,600 165,700 146,900 100 428,600 39,908 12,300 9,800 100 815 16,500 1,200 34.900 47.900 200 12,000 18,800 16,900 214,700 107,900 2,700 10,000 40,200 224,300 400 76.600 1,400 6.300 100 3,500 4.800 88,100 2.800 3.000 4.200 300 21,400 400 37,000 2,100 4,100 10.600 1.000 91,300 1.300 2,600 1.200 245,700 28,600 12,200 600 1,150 8.600 700 100 100 100 Shares. Bid. 11.500 47% 21.900 43 161,000 3454 687.400 81 22,200 1.334.100 3 5% 677.300 18 2,000 6 2,898,049 16% 198,008 49.800 16 300 158.600 5% 3.300 2,079 246 112;700 47% 6 ,000 10554 164.100 3 2% 141.600 754 900 62.700 117% 40,860 125,039 5 2% 28.900 1.590.200 3 7% 298.400 10754 12,100 112 187,830 1354 769.500 4 5% 1,497,820 27 6,505 95 718.500 59 39,950 73 8,800 533 12.300 115 6,100 11754 2.698.100 92 20.500 26 7.100 90 34.600 20 8.700 103 63.900 20% 3.700 111% 260.900 49 9.300 99 39.700 % 111,5001 26 5.700 86 371.100 17 7.700 52% 24.000 45 97% 1,600 109 1.377.200 56% 2 118,550 42.000 85% 2,800 96 10,858 475 500 54.800 4.300 20,200 100 2,800 51.100 200 101.600 160,800 13,452 65,210 166.400 806.500 196.400 43.800 85.600 810 900 5.300 292.700 886.100 19.600 511.900 44.100 1,600 35,075 12.500 6.400 2.388.100 11,200 9.100 157.600 145.000 2.100 269.300 333,920 5,000 10.800 2.400 81.000 121.700 300 178.500 329.000 3.137.200 84.700 117.000 176.600 60 588.700 48.300 2,733,230 643.300 514,100 1,598 6,550 2,500 11,250 92,100 25,700 42,000 123,700 400 57,900 502.400 336,600 709.400 5.300 407,500 300 39,300 1.300 870,700 7,200 700 1,000 367,800 2.400 1.400 157,600 15,600 37,900 34,020 1,200 300 2,800 13,300 100 6,000 14,700 487,800 19,000 21,500 7,900 4,300 129,000 48,700 15,800 248',500 682,200 127,200 72,200 134,000 1,300 2,000 7.300 3.300 1,700 200 110 2,100 2,295,500 586,300 315,100 357,200 31.400 500 9,800 34,500 72.400 20,800 17 Sale 255 Sale 107 Sale Sale Sale Sale Sale Sale 115 Sale Sale Sale Sale Sale 75 Sale 120 Sale Sale 92 21 Sale Sale 113 Sale Sale Sale 27% 89% Sale 53% 51 Sale 110 Sale Sale Sale 98 490 44% 90 54 100 111 76 1254 70% 116)4 66 66)4 23 6% 7754 102% 102 % 108 34)4 July 1. 15% 87 8% 83 220 40 107 2554 14 60 122 62% 2)4 4454 107)4 118 854 32% 30 98% 67 Vs 78)4 8954 68% 155 11754 115% 22 55 18 105 19 114% 42% 104% % 2954 93 19% 60 6/ % 91 110 51 2)4 82 97 430 113 35% 94 360 24 % 98% 17% Sale 89 225 Sale 108 Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale Sale 99% Sale Sale Sale 76 Sale Sale Sale Sa'e 70 Sale Sale Sale Sale Sale 110 Sale 30 95 Sale 6554 Sale 95 __ Sale 94 107 Sale 117 68% Sale 107 Sale 35 Sale 90 Sale 1 0 6 ) 4 _____ 17)4 Sale 126 12954 6754 69 179% Sale 110 Sale 104)4 Sale 68 115 44 33% 85 48 80 43% 30)4 69 % 118 Sale Sale 90 53 83 Sale Sale 29)4 28% 3 8% 12% 3534 56% 94 8 1% Sale Sale Sale 13 Sale Sale 100 Sale 86)4 116 40% 2554 87 55 79 5214 2854 108% 42 27 43)4 23% 28)4 82 100 36 Ssle 1)4 Sale Prices. July 3 July 30 July 16 July 16 July 27 July 7 July 8 July 16 July 1 1 July 25 Sale 89 Sale Sale Sale Sale 100 Sale 6754 Sale 44% 116% 120 8% 30 Vs 3154 9854 63% 76% 86 Sale Sale Sale 91 Sale 82 52 Vs Sale 115 Sale Sale Sale Sale 2954 Sale Sale Sale Sale Sale Sale Sale 98 Vs Sale Sale Sale 754 89 219 3854 107 25% 13 60 120% 9% July 31 July 2 89 July 13 244 July 3 43 July 9 108 July 1 29% July 9 1754 July 1 72 July 3 129% July July July July July July July July July 6254 2 V» 41 ’ 107 117)4 754 30 29% 9854 62% 76% 86 71 155 11554 11454 18 55 16% 105 17 Vs 114% 38% 10454 % 30 9 3% 17 Vs 6554 6 4% 90 July Julv July July July July July July July July July July July July July July July July July July July July July July July July July July July July July 1 69 Vs 1 3% 22 45 Vs 6 122 1 12054 3 854 22 3354 25 32 18 9954 30 68% 3! 7954 31 90 6 71 1 19954 9 11754 1 12754 8 22 8 78 29 19)4 1 105% 21 20 Vs 1 115 23 43 6 108 Vs 1 54 2 3254 25 94% 31 2154 2 72 30 74 23 93 July Julv July Julv July July July Julv Julv July July Julv Julv July July July July July July July Julv Julv Julv July July July July July July 161% 85 1654 64)4 121 65% 64% 31 >4 4754 89 105 110% 112 34)4 1554 2554 33% 92 Sale 95 Sale Sale Sale Sale Sale Sale Sale Sale Sale ------112 116 Sale Sale Sale Sale Sale 150 July 16 60 121 65)4 63 28% 7)4 46)4 89 July July July July July July JuL July July 18 6454 12254 6 54 6 % 3154 8H 49 54 9454 110 3254 15)4 25% 3 3% 90 July July July July July July 115 3 5% 1854 2654 365-4 9854 1854 127% 67% 180 110 106 Sale 12754 68)4 Sale 111 Sale 88 116 41% 2654 87 50 7954 51% 27% 110 37 25 4 4% 22)4 21 75 100 17)4 12554 67% 177 10954 104)4 13 85% July 19 July 127)4 July 6854 July 204% July 9 1111 July 1 106)4 July 10 17% July 111 94% Sale 117 Sale 3954 July Sale 25 July 90 51 50% July 81 79 July Sale 5054 July Sale 26 July 116% 111 July Sale 37 July Sale 25 July Sale 4 2% July Sale 2 2 % July Sale 2 1% July 78 78 July 6 166 4 2% 28% 55 80 5254 2954 111 4 3% 2754 4754 2454 3054 8354 116)4 Sale 118)4 Sale 115 116)4 Sale 115M Sale 120 124 118 Sale 11954 Sale 120 125 108% July 18 119% 113 July 13 121 123 July 9 124 102 115 Sale 20)4 Sale 104 20 20 105 Sale 14% 8)4 3 2% 92 2 Sale Sale Sale 93)4 Sale Sale 112 2 9 Vs 72 8054 110% 112 Sale 54% Sale 32% Sale 7 32% 16)4 17 1554 80 87 83)4 33 Sale 33 34)4 198 Sale 425 104)4 Sale 106 Sale July 18 118)4 July July Sale 83)4 115 Sale 67% Sale 3254 Sale 8% Sale 31)4 12 18 86 81)4 Sale 33 3 4% 3 0% 410 430 Sale 105 Sale Sale 112 July 7954 July Sale 54% 30 Sale Sale 6% Sale 2954 17 14% 84 35 33 3 0% Sale Sale 410 Sale 110454 16 2 30 28 16 10 24 10 17 July 21 (5 29 28 29 25 24 31 8 3 16 15 6 27 1 30 1 23 2 25 1 15 2 16 10 17 17 3 3 3 7 July 8 July 16 July 7 July 28 July 29 July 23 July 30 July 3 July 31 July 1 1 130 3 7 9% July 1 73 July 28 35 July 1 8)4 July 10 3 3% July 25 17% July 1 35 July 31 3454 July 31 445 July 28 107 Sale 45 43 34% 59 16% 3354 14% 6 13% % 13 83 5)4 77 218 3854 104% 22% 7% 40 110 1% 52 254 3154 96% 114 7% 2954 24% 94 4 8% 71 86 67 108 11554 8 7% 18 55 16% 102% 1354 111)4 38% 99 % 1854 83 12% 43 41 88 107% 46% 1% 74 95 355 110% 31% 88 400 25 98% July 29 110% 81 July 1 1154 July 31 60 July 20 116% July 22 57 . July 22 55% July 31 22 July 2 6 July 20 4 5 % July 11 77 104% 104 July 18 108)4 July 22 30% July 9 14 54 July 23 2 5 % July 16 3154 July 7 79 10254 July 21 16 July 29 114 July 22 66 July 27 117 July 24 104 July 30 99 July 25 13 July 27 69% 11454 July 17 34 July 28 21)4 81 July 1 46 July 8 79 July 17 32 ' July 1 2 0 % July 24 105 July 8 2 8% July 1 25 July 28 3254 July 20 1054 July 16 2 1% July 2 51 97 7454 July 31 107% 33% July 28 7 7% July 27 101 July 2 116% 115% July 23 2054 July 25 13 Sale 12% July 31 14% 10 1 0 % 854 July 2 1154 3 0% July 31 34 30)4 Sale July 11 92)4 92 9254 92 2 July 1 2)4 Sale 2 )4 127 Highest. A sk. Sale Prices. Sale 4 6% 45 July 27 47 4 5 % 4 3)4 July 6 45 Sale 3 7 % July 29 4354 Sale 65% July 31 76% Sale 1754 July 2 21 Vs Sale 62 July 22 66% Sale 18 July 31 19)4 7 % July 16 7% 7% Sale 3 0% July 28 4 0% 3 Sale 16% July 9 20)4 181 % Sale 116)4 116% 125 Sale 22 Sale 71 78% 1654 Sale 105 110 19% 19 Vs 114% 116 39% Sale Sale 107 54 „ ** 30 Vs Sale 93 95 18% Sale 56 66 61 67 Sale 90 112 108 Sale 53 Vs Sale 5054 July 1 5454 Sa e 254 Sale 254 July 1 3 )4 Sale 82% 81 % July 27 87 81 lOOPs 97 July 2 98 9754 98 Sale 480 495 42954 July 3 490 115 113 114 37)4 36)4 Sale 3 8% 3554 July 97% 90% 97 94 July 97 350 450 400 400 July 400 25% Sale 27 2 5% July 25% Sale 9 8 % ------98% July 9 8% 36% 92% 102% 16 115)4 68 118)4 106 99 96 28)4 71 107)4 47 23)4 9 19 87% TVs 83 243 4 1% 107% 27% 1454 60 128 Highest. Lowest. July 31. Ask. Bid. 47 4 5% Sale 44 Sale 39 Vs Sale 66 Vs 21 18 Sale 63% Sale 18% 8% 5% Sale 3154 Sale 145 155 -------85 90 17)4 Sale 13 Sale 61A 3 Sale 119% 117 1215i Sale 66)4 Sale 65 Sale Sale Sale 28% Sale Sale % Sale 47)4 48 Sale 93 % Sale 106 110 ------106 112 111 111 113 Sale 3 4 % Sale 18 Sale 110)4 Sale 121)4 124 _____ 172 97% 98 18 Sale 192 ------21 Sale 23 Sale RANGE S IN C E J A N . 1. PRICES I N J U L Y . Ask. Bid. 49% 46 Sale 44 38 Sale Sale 7 4% 1754 Sale 6354 Sale 18 Vs 7% Sale 39 Vs 28 500 1,200 28,500 5,500 1.100 14,510 39,000 93,800 13,300 4,900 6,400 1,000 46,300 57,200 19.600 28,900 22,400 Price about Jan. 2 1925. 27 July 6 July 9 July 16 July 27 July 2 9 7% 18 225 11 % 8 2 6% 8 3% 54 1% 96 29 July 16 64 109 July 28 41 July 7 2254 July 29 6 July 21 18 July 13 1454 82 July 23 30% July 3 30% July 11 193% July 15 10354 July 28 Sale Prices. A p r. 1 48% Jan. 2 5r Jan. 5 43 54 A p r. 22 85 June 11 2 1 % Jan. 5 66% M a r. 18 Jan. 5 2°7% Jan. 5 4154 June 1 1% M a r. 24 20% A p r. 9 89 Jan. 2 1054 M a r. 24 95 M a y 16 249 M a y 1 50 A p r. 13 110 A p r. 22 3254 Jan. 7 1754 A pr. 14 72 M a r. 30 129% June 4 154 Jan. 5 69% 3% June 26 Jan. 21 85% M a r. 25 122 M a r. 3 12054 June 25 14% June 25 5254 M a r. 18 32 Jan. 6 9954 M a r. 19 7454 M a r. 9 82% July 31 90% M a r. 17 77 F eb. 2 19954 July 9 121 A pr. 3 12754 July 8 26% July 8 105 July 29 21% Jan. 19 110 June 23 21% Feb. 9 115 July 23 59% Jan. 2 108)4 M a y 14 M a r. 17 34)1 M a r. 30 100 % M a r . 24 2154 M a r. 25 72 M a r. 25 74 M a r. 26 104% Jan. 27 M a r. 30 5754 3% Jan. 9 M a r. 25 8754 A p r. 11 100 A pr. 28 532 M a r. 23 115 Jan. 21 4554 Jan. 16 9754 July 3 400 M a y 2 27 July 1 100% Prices. Tan. 9 Jan. 12 July 16 Jan. 29 July 27 July 7 June’ 19 A p r. 20 June 17 June 17 July 25 A p r. 29 F eb. 6 Jan. 7 Jan. 9 F eb. 2 Jan. 22 Jan. 12 July 24 July 10 July 17 M ay|29 July 21 July 6 July 29 July 28 July 29 F eb. 5 F eb. 5 July 31 July 8 June! 1 M a y 26 June! 3 Jan. 10 July 27 June! 3 July 30 Jan. 5 F eb. 10 Feb. 26 F eb. 25 Feb. 3 M a r. 23 M a r. 3 July 16 June 5 June 15 June 2 July t 3 July « 3 July ’ 3 M a y 12 June 12 Jan. 13 July 16 M a y 25 F eb. 3 M a r. 24 M a y 11 Jan. 7 June 19 July 3 Feb. 11 M a y 13 178 85 18 7454 122 54 71% 7054 3154 9% 5 2% 9 7% 110 111% 115 37% 23 54 M a r. 31 June 22 July 1 Jan. 14 July 20 F eb. 6 F eb. 6 July 31 A pr. 6 A p r. 21 M a r. 7 June 16 June 12 July 18 Jan. 13 F eb. 3 July 23 M a r. 4 July 7 June 15 July 21 JuneJ25 F eb. 26 July 27 JunellO July 30 July 25 July 27 A p r. 20 Jan. 2 Jan. 23 A p r. 15 July 1 June) 1 M a r. 10 Jan. 3 July 24 A p r. 24 Jan. 31 July 28 July 20 Jan. 7 June 12 Jan. 9 June 3 J unel 3 June] 3 June 3 M a y 25 June 13 112 Jan. 5 F eb. 20 F eb. 20 June 23 Jan. 16 M a r. 25 M a r. 27 F eb. 17 Jan. 28 M a r. 20 Feb. 17 Feb. 13 Feb. 11 Feb. 27 Jan. 24 M a r. 31 July 29 Feb. 17 M a r. 17 F eb. 16 Jan. 2 M a r. 20 M a r. 12 Jan. 16 Jan. 27 Jan. 2 July 10 Jan. 3 Jan. 20 M a r. 31 M a r. M a r. M ay July M a r. M a r. M ar. M a r. July M a r. M a r. uly Jan. Jan. Jan. M ay Jan. A p r. M a r. M a r. A pr. Jan. F eb. M ar. M ay A pr. A pr. A pr. F eb. Jan. Feb. A pr. M ar. M ar. M ar. M ay A p r. Feb. Apr. A pr. July Jan. Jan. 55 9854 108 19 12954 7854 204)4 111 % 106% 17% 94% 116% 44% 37% 92 55 82% 59 3054 111 4 9% 35% 4754 2454 37% 84% 97 121 % 119% 127% 126 12854 124 115% July 23 22% 250 22% 2454 36% 94 3% 1% 130 30% 89% 117 73 35 9% 35 21% 87 35 42% 448 107 F eb. 5 M a r. 20 Jan. 6 Jan. 13 June 8 June 17 June 6 F eb. 13 July 28 Jan. 10 July 16 JunellO July 28 July 7 Jan. 2 June 29 F eb. 20 Jan. 9 July 23 M a r. 7 June 4 July 15 28 STOCKS-STOCK EXCHANGE RECORD SALES TO A U G . 1. STOCKS N . 7 . STOCK EXCHANOE Par N ational A cm e stam ped__10 In July. Shares. 29,000 N atl Cloak & Suit______ 100 ______ 100 Preferred____ N a t D airy tern c t f____ no par N ational D ep t Stores.n o par _____ 100 Preferred . N at Distill Prod v t c .n o par Preferred__________ no par N a t Enamel & Stam p___100 Preferred . _ .100 N ational Lead_____ __ 100 Preferred . _________100 N ational Supply_________50 Preferred. _______ 100 N evada Consol C o p p e r .._ 5 N ewp N & H R y G & E ..1 0 0 Preferred- ___________ 100 N Y Air Brake______ no par Class A . .. . . .n o par N ew Y ork Canners. .n o par 56,300 800 9,300 600 37,900 8,400 9,400 59,100 7,900 11,000 1,200 12,100 800 8.900 200 18,700 2,000 1,500 36,600 2,800 56,400 N ew Y ork D ock _________100 Preferred ____________ 100 N Y Shipbuilding .n o par N Y Steam 1st p re f. .n o par Niagara Falls Pow__ no par Preferred, new _________ 25 3,520 1,900 1,400 200 900 4,600 N orth A m er’n when iss___10 P re fe r re d .. _________ .5 0 N unnally C o (T h e)___no par Ontario Silver M ining.no par O n yx H o s i e r y . ___ no par Preferred __________ 100 O ppen’m , C oll & C o no par Orpheum Circuit I n c_____ 1 Preferred ___ _____ 10 Otis E levator____________ 50 .100 Preferred_________ Otis Steel __________ no par Preferred ___________ 100 Owens B ottle____________ 25 498,600 7,700 900 2,300 2,800 1,800 6,300 47,000 400 20,200 . 700 64,900 14,200 145,000 200 13,200 200 N ational B is c u it ___ __ 25 Pacific Gas & Electric ..1 0 0 Pacific M ail SS____________ 5 Pacific Oil___________ no par P acific Teleph & T eleg__i0 0 ..1 0 0 Preferred________ P a cka rd . _ . ____________ 10 Preferred __ ______ 100 Paige D et M o t C a r ..n o par Pan-Am er P et & T r ______ 50 ____ 50 Class B s to c k . Panhan Prod & R ef .n o par Panhandle P & R , p ref..1 0 0 Parish & Bing, s tp d _.n o par Park & T ilford _____ no par 118,500 100 405,300 900 77,400 70,100 411,400 1,300 500 4,700 12,600 7,400 Penn C oal & C ok e_______ 50 Penn E dison, p ref____ no par Penn-Seab St v t c no par 1,700 500 71,800 P eople’s Gas L Sc C oke .100 13,600 26,300 47,800 900 35,400 600 1,900 300 110,100 208,300 24,000 300 539,600 71,000 1,400 21,000 1,400 49,500 2,100 1,200 500 1,300 900 6,700 1,400 700 200 23,400 7,700 1,900 35,500 3,600 1,300 148,400 1,900 196,526 4,700 100 20,400 42,300 58,900 1,000 299,200 3,400 7,700 500 100 158,100 98,300 800 35,600 100 Philadelphia C o (P itts)___50 Philadelphia C o p ref_____ 50 Phila & R ead C & I . . n o par Phillips Jones C orp ___no par Preferred______ _______100 Philip M orris & C o ____ 10 Phillips Petroleum .n o par Phoenix H osiery_________.5 P r e fe r r e d ____ _ 100 Pierce-Arrow M o t C . no par Preferred___ _______ 100 Prior preferred_____ no par Pierce Oil C orp ___________ 25 Preferred _______ ..1 0 0 Pierce Petroleum ___.n o par Pittsburgh C oal (of P a ) . . 100 Preferred _ __________ 100 Pittsburgh Steel pref . 100 Pitts Term C oal Receipts. 100 P r e f e r r e d . . ___ ..1 0 0 Pittsburgh Utilities, p r e f ..1 0 Preferred certifs. new . P orto R ico Am T ob . . . 100 Postum C e re a l______ no par Pressed Steel C ar_______ 100 Preferred .. . 100 Producers & R ef C orp ____ 50 Preferred______________ 50 P ub Serv C orp o f N J p f.1 0 0 N ew ______ _________ no par 7 % ____________________100 P ub Serv E & G , pref ..1 0 0 Pub Serv E lec Pow , p f __1C0 Pullman C om p a n y . ___100 Punta Alegre Sugar______ 50 Pure O il.n ________________ 25 8 % preferred _________ 100 R adio C orp o f Amer__ no par Preferred ___________ 50 Railway Steel Spring____ 100 Preferred . __________ 100 Rand M ines . . ______ . R ay C onsol C opper . . 10 Reis (R obt) & C o . no par 1st preferred. . . . .100 R em ington T y p e w rite r .. 100 1st preferred . ..1 0 0 2d preferred___ ..1 0 0 R eplogle Steel______ no par R epublic Iron & Steel___100 Preferred . __________100 R eynolds Spring C o . .n o par R eynolds (R J) R o b C l B .2 5 7 % p r e fe r r e d ____ ____ 100 Rossia Insurance_________ 25 R oy a l D u tch C o N Y shs.100 St Joseph L e a d .. _______ 10 Savage Arms C orp ______ 100 Schulte Retail Stores.n o par P re fe r re d .. _________100 Sears R oebuck & C o ____ 100 Seneca Copper C orp _no par Shattuck Arizona Copper! 10 400 31,000 28,200 1,600 29,600 119,000 1,200 4,800 1,300 70,500 35,400 51,000 63,100 300 69,500 23,000 97,900 5,500 Since Jan. 1. Shares. 67,100 10 223,300 5,300 7 i,6 0 0 7,200 276,300 85.000 15,080 307,700 78,300 77,000 5,500 110,800 6,900 91,300 1,500 111,700 9,200 3,800 117,500 17,000 194,100 600 41,020 19,600 5,900 6,500 4,400 26,300 800 1,649,200 61,700 6,500 7,600 10,500 4,800 8,300 120,700 2,100 112,425 2,300 510,600 50,200 396,900 1,300 55,500 20,700 500 2,294,500 5,350 1,600 1,933,000 17,900 268,500 868,900 4,569,900 40,400 4,400 11,900 161,220 33,200 200 17,800 800 1,140,800 750 82,000 55,653 212,800 7,884 532,400 1,800 11,500 18,300 234,300 2,541,600 30,000 2,200 1,661,000 576,200 36,900 226,500 41,700 840,100 78,400 16,300 6,400 44,200 5,800 118,675 20,200 1,400 1,600 295,300 113,750 10,800 203,700 14,500 8,350 477,600 7,350 300,726 15,100 4,300 264,900 211,800 784,400 7,300 3,631,310 27,850 94,150 4,800 2,900 642,200 257,500 5,300 342,600 1,100 400 3,300 363,200 324,900 8,800 329,900 324,500 7,000 17,500 9,300 558,900 341,510 694,200 221,500 7,300 69,500 87,800 785,510 98,700 20,000 l Price about Jan. 2 1925. Bid. 6V Sale 69 100 Sale Sale Sale 53 33 80 16014 116 61 54 104J4 16 52 84 56 55 3414 Sale Sale 84 Sale 117 Sale Sale Sale 56 93 Sale 57 3514 29 30 Sale 55 20 9614 98 4314 4514 Sale 29 4214 Sale 4614 Sale 814 714 6 614 1814 22 79 8354 2714 97 90 102 10 6014 47 V Sale 100 Sale 10714 Sale 62 Sale 103 9 Safe Sale 5414 Sale 8714 94 93 96 15 % Sale 102 103 Sale 65 6414 Sale 3 214 38 v 44 3414 Sale 26 Sale 2 104 114 115 5614 4514 4814 49 85 82 1414 3614 20 85 1414 5014 89 154 2514 614 49 9814 10114 61 8614 15 53 10314 6114 8714 29 43 110 6914 99 Sale July 1. Sale Sale Sale 10554 Sale Sale Sale 119 35 Sale 1254 73 Sale Sale 105 120 Sale Sale Sale Sale Sale 12054 94 Ask. 934 Sale 7054 128 126 Sale 6854 Sale 101 Sale 56)4 4254 41 99 97 Sale 35 66 54 67 54 3154 32 81 85 Sale 149 118 11634 Sale 5854 109 107 Sale • 1354 Sale Sale 90 Sale 49 5254 5554 Sale 48 54 99 9354 Sale 2654 Sale 65 25 23 10054 70 62 Sale 28 V, 10834 Sale 58 Sale 4954 954 9 54 7 7 26 29 54 8554 83 Sale 4354 Sale 3254 10254 102 Sale 13054 Sale 108 Sale 13 54 Sale 8254 Sale 5454 112 Sale 11554 1054 1054 5754 11154 100 3254 11054 2054 7854 78 354 50 54 3154 22 10154 1454 106 154 11654 11654 154 5954 4854 3954 Sale 5554 Sale 120 115 95 101 108 98 Sale 34 54 Sale 11054 11054 11154 Sale 2034 Sale Sale 7054 Sale Sale 7054 Sale 4 354 Sale Sale 49 5454 154 154 154 Sale 2854 Sale 23 2254 22 10434 15 13 1454 109 10934 n o Sale 154 Sale 117 116 V 117 117 11654 Sale Sale 46 Sale 4954 Sale 51 88 82 Sale 1754 Sale 45 23 2654 92 91 Sale 3354 Sale 83 Sale 170 Sale 2 Sale 3554 Sale 7 Sale 47 Sale 8654 Sale 98 62 36 Sale 78 Sale 1654 1454 14 Sale 50 Sale 11754 Sale 50 Sale 76 Sale 25 43 54 44 111 no Sale 6854 10054 10054 Sale Sale Sale 18 5 6 11 10 23 19 30 28 27 30 24 18 2 2 2 2 4 26 27 10 24 20 17 10 16 23 9 31 13 1 30 7 24 12 16 30 23 17 6 27 9 17 7 7 22 16 2 27 2 16 19 12 30 7 2 24 8 22 Sale Sale 10 Sale 34 Sale Sale Sale Sale Sale 112 Sale Sale Sale 48 4834 9 634 2434 8234 43 54 27 100 11634 10654 13 73 50 1 12 11154 1034 July July July July July July July July July July July July July July 18 52V 17 97 45V 27 V 107 41V 4654 8 5V 18V 78 V 52 2554 98 87 V 101 8 50V 4254 110V 1 02 V 5V Sale 11 no 654 July July July July July July July July July July July July July July July July July 28 10 20 28 30 18 1 30 31 20 21 29 29 23 24 29 23 17 52 V 7 94 27 9 2 V 8 15 29 102 V 8 17 V 1 64 1 63 V 9 3 3 43 2 1V 1 26 V 15 105 V 1354 July 29 1454 July 16 1254 July 23 1 04 V July 9 n o 109 1 154 July IV 134 July 1 5534 11054 9854 3254 11034 19 6734 6834 3 54 50 134 2834 91 3^ July July July July July July July July July July July July Tnlv 31 2 27 1 20 25 27 27 14 1 2 30 9 5854 11054 98 V 3854 11054 2354 7854 78 354 50 V 154 31V MV July July July July July July July July July July July July .Tnlv 113 134 58 4854 3834 38 52 82 1434 4234 2634 9254 2834 73 150 134 31 6 45 8554 9734 3554 79 1454 14i£ 14 50 11634 50 7654 1754 34 11254 68 34 10054 V* 9354 104 137 33 2734 10554 5134 49 123 118 38 1254 2354 92 7354 103 July July July .Tnlv July July July July .Tnlv July Julyj July July July .Tnlv July .Tnlv July .Tnlv .Tnlv .Tnlv .Tnlv .Tnlv .Tilly July July July July July .Tnlv July July .Tnlv July .Tnlv July July .Tnlv July July July July July July .Tnlv July July .Tnlv .Tnlv .Tnlv July July 3 117V 6 IV 7 61 1 49 11 4154 11 4054 13 65 9 90 14 23 54 31 4654 1 42 V 6 93 22 36 V 22 84 V 22 17954 10 254 16 35 V 30 7V 30 47 V 31 87 23 98 V 2 38 10 84 31 1654 30 15 V 21 1 5V 2 50 1,12254 1 53 V 9 79 31 2 5 V 13 4454 7 115V 1 78V 1 102 2 154 2 95 V 21 104 31 141V 23 40 V 31 29 V 21 108 31 59 3 51V 16 127 V 2 119V 31 38 1 16 28 28 V 1 9454 11 85 V 15 103 July July July July July July July July July July July July July July July July July July July .Inly July July July July 28 8 10 7 2 1 14 3 1 3 1 15 22 18 17 .Tnlv 31 July 3 no 10734 July July Sale 13 Sale 4434 July 9054 84 54 July Sale July 8 Sale 7654 July 121 12034 July July Sale 87 3 34 July Sale 5054 July Sale 3534 July Sale 4854 July Sale 10734 July July 114 113 13 V Sale Sale 189 634 M a r. Jan. M ay July June June M a r. M a r. A pr. A p r. M a r. M a r. M a r. Jan. Jan. Jan. M ay M ay M a r. A p r. July M a r. M a r. June M ar. Peb. June July July July A pr. M a r. Jan. June M ay Jan. M a r. July A pr. Jan. M a r. June F eb. M a r. Jan. A p r. M ay M ay Jan. Jan. Jan. June June A p r. July July M a r. Jan. June July 1 July 17 28 July 30 7054 July 1 July 30 2554 July 17 July 9 10054 July 9 July 22 July 9 77 July 1 28 M July 6 Sale 106 Sale Sale Sale 108 Sale 50 Sale 119 Sale Sale Sale 96 Sale 1554 Sale 15314 Sale 17154 Sale 114 Sale 754 754 6 554 5 iV 45V 3754 38 51 81V 1254 36V 18 84 10 V 43 85 154 25 V 554 37 V 80 94 30 79 12 V 1254 14 40V 93V 45 76 V 1 7V 34 108V 62V 99 V 92 V 100V 129 33 25V 102V 48V 48 V 122 V 114V 33 V 11V 10 63 46 V 100 100 107 12 V 42V 84 V 8 72 V 1 19 V 85 25 6554 2154 10054 6954 2754 Sale 109 Sale Sale Sale 107 Sale Sale Sale 120 3654 Sale Sale Sale Sale 104 5154 4054 57 10854 11354 112 75 128 V 78 104 58 V 45 102 37 V 70 36V 8954 166V 118 71 110 16V 110 111 56V 67 49 V 100 M a r. 24 31 V Jan. 14 72 V F eb. 13 2 8 y* Jan. 15 102 Jan. 5 77 July 1 29 F eb . 25 107 V Jan. 5 6054 Jan. 2 50 V Jan. 16 1 0 V 7V Jan. 22 Jan. 6 29 V M a r. 31 86 July 13 46 V Jan. 16 32 V Jan. 6 102 F eb. 27 135 F eb. 13,112 M a r. 18 14M M a r. 18 88 M a r. 17 56 V A p r. 24 113 Jan. 5 1 18 V A p r. 18 11 59 M a r. 30 65 V Jan. 15 112V Jan. 7 98 V Jan. 16 38 V Jan. 6 112V M a y 6 23 H Jan. 8 8 3 V Jan. 8 8 4 V Jan. 6 5V Jan. 13 6 0 V Jan. 12 IV M ay 9 35V 28 M a y 28 105 V A p r. 29 2 6 V A pr. 21 110 3 M a r. 31 105 V Jan. 16 122 V 65 123V 65V 99 42 38V 96 30 52 V 25 75 138V 116 5854 10454 1154 52 82 V 4254 51 3154 Sale 4954 Sale 4054 Sale 90 Sale Sale Sale 96 Sale Sale Sale Sale 3554 Sale 45 Sale 9854 3854 85 Sale 15 1454 59 Sale Sale 79 Sale 36 115 Sale 103 9554 10254 137 3454 2754 106 54 53 54 48 54 12554 118 38 14 2434 94 8054 105 101 108 105 Sale 1454 Sale 4734 8754 90 Sale 954 Sale 8134 121 12054 86 8954 29 11 5 13 2 2 15 9 8 30 22 27 5 31 2 27 25 20 1 19 30 1 31 2 1 16 2 7 18 20 28 29 21 11 1 2 28 1 2 20 31 31 6054 4954 10 754 2954 8554 46 3254 102 135 112 1454 88 5654 113 11854 1054 168 554 July 7 July July July July July July July July July July July •Tnlv July July July July July July .Inly July July July July July July July July 10854 16 V 4954 90 10 82 V 121V 90 July July July July July July July July 5554 42 5954 113 V 113 V July July July July July 1R V .Tnlv July 197 7 V July 21 1 20 17 16 17 25 24 25 17 15 9 7 27 7 2 1 1 1 2 22 15 30 1 2 3 2 28 1 2 8 3 21 28 28 27 31 21 2 2 17 20 1 17 21 9 31 20 9 29 29 15 Sale Prices. 10 V July 24 A p r. M a r. M a r. Jan. Jan. Jan. A p r. A p r. Jan. A p r. June A p r. Jan. July Jan. A p r. F eb. Jan. M ay M a r. M a r. July July July .Tilly July July July July July July July July July July July July July July July July July 3 15 2 2 6 30 17 3 17 1 1 13 11 1 22 July 11 July 23 July July .Tnlv July July July July July July .Inly July .Inly July July July July .Inly .Inly July July July Sale Prices. 4 V M a r. 24 7034 125 68 10154 5354 4134 9654 3354 65 28 7934 146 117 5854 109 1254 95 10754 43 54 5254 42 17 74% 17 126 30 73 54 1 102 2 57 V 30 4454 18 100 10 37 1 1 70 3 3354 13 87 3 15354 2 118 31 62 54 2 109 3 1354 9 no 1 in 17 5254 3 5554 16 4954 Highest. Lowest. Highest. Sale Prices. Sale Prices. 754 July 1 1054 July 24 Sale Sale Sale 102 Sale 42 9754 Sale Sale Sale 88 Sale 118 Sale no Sale 100 100 Sale Sale Sale 98 Sale 67 27 102 77 2854 5854 4854 3954 39 57 64 94 81 Sale 20 Sale 4254 Sale 3754 9254 94 Sale 3054 Sale 80 Sale 153 Sale 1 54 Sale 30 Sale 6 Sale 44 90 8554 100 9734 Sale 3634 82 8354 Sale 1454 1554 1454 15 14 59 48 Sale 118 Sale 50 78 7654 Sale 1754' 4554 34 113 114 Sale 7554 Sale 10154 Sale Sale 57 Sale 116 Lowest. July 31. 7354 123 54 7054 10154 55 4254 9854 3454 6554 3054 80 148 116 62 10754 1254 110 no 4454 5254 4654 96 28 70)4 2254 100 68 28 107 48 Vs 49 854 654 25 81 46 2754 100 11654 10654 1354 7454 50 no 11254 1054 94 10554 139 3954 2954 105 5654 4954 124 118 3354 13 2554 92 7554 10154 99 101 13 54 46 85 954 7654 11954 8454 354 5314 Sale 5154 Sale 45 3654 8454 Sale 56 Sale 114 10954 110 11254 11054 10114 148 3914 2914 105 69 50 138 116 33 1654 11 64 5214 100 100 108 21 6214 9314 1554 75 54 11914 92 R AN G E S IN CE J A N . 1. PRICES I N J U L Y . Ask. Bid. Ask. Bid. 754 Sale 654 8 54 73 126 V 67 H 99 42 38 V 102 [ V o l . 121, 61V 49 52V 50 V 90V 9554 23 V 47 V 42 V 93 36 V 86 179V 3V 40 8V 54V 99 102 V 63 54 88 17 V 16 15 V 53 122 V 69 92V 32 V 47 V 115 V 78 V 102 V IV 95 V 105 15154 47V 3354 108 77V 54 14154 120 38 V 1 7V 28 V 94 V 85 V 105 103 V 1 13 V 2 3 Yt 64 V 95 18 82 V 122 97 V 29 16 21 28 1 22 16 3 1 17 48 V M a r. 24 57 V 18 3554 July 1 52 V 21 48 V July 15 1 08 V 3 10754 July 22 1 1 6 V 11 110 Jari. 6 115 V 14 V July 17 16 V 9 27 147 V M a r. 30 197 V F eb. 20 IV 7V 5 V A pr. 22 16 Jan. 2 M ay 9 Jan. 26 Jan. 29 M a y 25 M a y 27 Jan. 2 M a y 27 July 20 Jan. 21 Jan. 12 9 Jan. M a r. 4 Jan. 29 A p r. 22 Jan. 7 July 1 July 2 Jan. 3 Jan. 7 July 31 M a y 26 A p r. 14 June 26 F eb. 17 June 9 July 22 Jan.! 2 F eb. 17 July 28 June 2 Jan. 30 F eb. 26 July 30 M a y 14 June 26 July 30 July 31 July 20 July 21 July 29 July 29 July 23 June 5 July 29 M a y 26 A pr. 30 Jan. 31 Jan. 28 July 27 July 8 M a y 26 July 8 M a r. 3 M a r. 3 F eb. 26 F eb. 26 F eb. 11 Jan. 10 ADr. 14 M a y 28 Jan. 2 July 23 Jan. 9 Jan. 13 June 16 16 June 27 July 17 Jan. 9 Jan. 23 Jan. 12 Jan. 15 July 2b June 12 July 15 July 9 July 7 June 18 July V F eb. 5 F eb. 26 F eb. 5 Jan. 13 Jan. 5 Jan. 8 Jan. 17 Jan. 6 June 25 June 26 July 3 Jan. 2 July 28 Jan. 23 Jan. 3 F eb. 3 F eb. 7 July 21 July 28 June 3 July 27 June 22 June 12 Jan. 3 Jan. 7 F eb. 4 July 20 Jan. 2 F eb. 4 Jan. 6 Feb. 16 M ay 1 Feb. 9 July 9 July 29 July 29 A pr. 21 M ar. 3 A p r. 29 Jan. 13 Jan. 3 Jan. 13 Jan. 6 July 22 A p r. 29 F eb. 20 1 Jan 31 M ay 25 M a r. F eb. F eb. July June July Jan. Jan. 3 9 19 14 22 27 5 3 STOCKS N. Y . S T O C K E X C H A N G E 29 STOCKS-STOCK EXCHANGE RECORD A ug., 1925.] SALES TO A U G . 1. In July. Par Shares. Shattuck (F G ) ___________no var 29.600 2.400 Shell Transport & T ra d - .£ 2 78.400 Shell U nion O il_______no par 2,300 Preferred______________ 100 100 Sherwin-Williams p ref___100 53,900 Simms Petroleum _________ 10 Simmons C o ______________ no par 29.500 200 Preferrd______________ 100 231,900 Sinclair C on Oil C o rp .n o par 3.800 Preferred______________ 100 52.400 Skelly Oil C o ______________25 47.600 Sloss-Sheffield St’l & I . . 100 2.400 Preferred______________ 100 6,600 So Porto R ico Sugar____ 100 200 Preferred______________ 100 100 Spalding 1st p ref________ 100 300 Spear & C o _______________ no par 1,100 Preferred______________ 100 Spicer M fg C o ____________ no par 275,200 2,900 Preferred______________ 100 148,300 Standard Gas & E le c.n o par 4,600 Preferred_______________ 50 2.800 Standard M illin g________100 400 Preferred______________ 100 58.500 Standard Oil o f C alif_____ 25 169,700 Standard Oil o f N J ______ 25 15,560 Preferred______________ 100 19,100 Stand Plate Glass ctfs.n o par Preferred______________ 100 Sterling P rodu cts____ no par 34.500 Stewart W arn C o r p ..n o par 110,100 7,300 Stromberg C a rb u re t..n o par Studebaker C orp, pref___100 400 N ew ____________________ no par 536,300 Submar B oat C orp ___no par 24.400 Superior Oil______________ no par 11,200 Superior Steel___________ 100 600 Sweets C o o f America new 50 3,400 Sym ington tem p ctfs.n o par 16.400 Class A _________________no par 4,407 Telautogr C orp ctfs_.n o par 3,800 Tenn C op & C hem ___no par 68.500 Texas C om pany (T h e)___25 319.400 Texas G u lf Sulphur______ 10 64.800 T ex Pacific Coal & Oil____ 10 53.800 541 Texas Pacific Land T r . .l 0 0 Tidewater Oil___________ 100 2,100 N e w ____________________ no par 11.800 Tim ken Roller B e a r ..n o par 190.400 T ob a cco Prod C orp _____ 100 216,600 T em p ctfs Class A ____ 100 10.400 Transcon Oil ctfs_____ no par 66,800 Tran.& W illiams Steel .no par 700 U nderw ood T ypew riter___25 45,200 Preferred______________ 100 Union B ag & Paper_____ 100 4.800 Union Oil_________________ no par 6,900 Union Oil, California_____ 25 41.500 Union Tank C ar_________100 4,432 Preferred______________100 700 United A lloy Steel____ no par 35,600 United Cigar Stores______ 25 211,300 Preferred_____________ 100 100 United D rug____________ 100 45.500 1st preferred___________ 50 1.700 United D y ew ood _______ 100 200 United Fruit____________ 100 9.700 United Paperboard C o . .100 200 Universal P ip e________no par 208,100 Preferred______________ 100 45.500 U S Cast Iron Pipe & F ..1 0 0 79,100 Preferred______________ 100 8.800 U S Distrib C orp_____ no par 38,300 Preferred______________ 100 U S Express______________ 100 700 U S Hoffm an M a ch ___no par 20,000 U S Indus A lcohol______ 100 86,800 Preferred______________ 100 300 U S Realty & Im provt_-100 31.100 U S R ubber______________ 100 548,100 1st preferred__________ 100 16,800 U S Smelt Refg & M g ____ 50 25.100 Preferred_______________ 50 2,700 United States Steel_____ 100 558,780 Preferred______________ 100 11,700 U S T ob a cco_________ no par 700 Preferred______________ 100 300 Utah C opper_____ ________ 10 10.550 U tilities P & L A ____ no par 64.100 Vanadium C orp______ no par 59,500 Van R aalte___________ no par 800 1st preferred__________ 100 1,300 V a-C aro Chem ical___no par 112,900 Certificates_______________ 300 Preferred______________ 100 172,800 Preferred certificates__ 200 Class B ________________ 7,600 Va Iron C oal & C ok e ____ 100 200 Preferred______________ 100 100 Vivaudou (V) In c____ no par 44,000 Vulcan D etinning_______ 100 Vulcan Detinning, p r e f .. 100 100 W ald orf System _____ no par 8,700 W ard Baking Class A .n o par 5,400 Class B _____________no par 355,700 Preferred______________ 100 2,900 W arren Bros__________ no par 27,100 Preferred_______________ 50 W eber& Heilbron’r ,n ewnopar 6,000 W ells Fargo E xpress______ 1 400 W est E lec 7 % cum p r e f .. 100 3,300 West Penn P o w p r e f____ 100 900 Western Union T eleg____ 100 48,200 W estinghouse A ir B r a k e ..50 26.300 W estinghouse E l & M f g . . 50 91,600 1st preferred___________ 50 100 W esting’se E lec In str.n o par 85.300 Class A _____________no par 20,400 W hite Eagle Oil & R _ .n o par 18,800 W hite M o to r______________ 50 579,200 'W hite R k M Spr. ctfs.n o par 37.300 W ickwire-Spen S te e l..n o par C ertificates_________no par 23.800 W illys-O verland___________ 5 369,600 New preferred_________ 100 37.300 W ilson & C o nc v t c . . n o par 2,700 Preferred______________ 100 2,100 Cer tifica tespreferred -.1 0 0 500 W oolw orth (F W ) ________ 25 150,090 W orthington P & M ____ 100 18,600 Preferred A ___________ 100 100 Preferred B ____________100 600 W right Aeronautic___no par 61.300 Wrtgley (W m J r)____ no par 5,800 Y a le & T ow n e_____________25 2,600 Y ellow C a b _______________ 10 71,100 Y ou ngstow n Sheet & T u b e .. 12.800 Since Jan. 2. PRICES I N J U L Y . Price about Jan. 2 1925. Shares. Bid. Ask. 138.600 22,600 43 Sale 2,329,980 2 2% Sale 17.400 99% Sale 600 104 ____ 981.200 23 Sale 248,650 33 Sale 2,200 1,196,170 17% Sale 27,850 78% Sale 1.158.900 2 4% Sale 176,220 8 2% Sale 7.200 95 % Sale 31.800 62 65 1,100 98% 100 700 9 8% 100 3,300 2,900 550.300 17% Sale 10.300 96 87 733.600 4 0% Sale 18,100 53,350 7 1% 72 2,750 8 1% 86 803.500 6 2% Sale 2,038,490 4 0% Sale 76,460 117% Sale 76.300 15% Sale 300 80,000 63 Sale 672.000 7 0% Sale 51.100 70 Sale 5.500 110 114% 2,630,600 46 Sale 207.400 10 Sale 259,020 Sale 5 22,200 35 Sale 17,044 11% Sale 258.100 77,807, 48,600; 13% Sale 314,000! 9 Sale 1,810,567 4 3 % Sale 1,369,200 108% Sale 1,241,710 12 Sale 1,321 270 310 7,800: 130 Sale 11.800 778.600 38% Sale 864.300 70% Sale 82,600 93% Sale 144.800 4 Sale 15.400 31 32% 120,410 40 Sale 300 12,567 43% Sale 187.200 788.400 37% Sale* 22,732 122 % Sale 5.000 113% 115 Sale 198.100 592.700 61% Sale 850 118 Sale 225.500 120 20.400 5 2% 53 1.400 21 28 Sale 55.900 218 4.600 Sale 1 , 210,000 46 Sale 261,110 79 Sale 772.700 169 104 18.300 102 222.700 38% Sale 1.200 1 4 8 % ------4% 6 6.400 102.800 2 3 % Sale Sale 1.174.900 86 4.000 103% 107 Sale 436,730 124 1,507,990 40% Sale 100,550 95% Sale Sale 134.200 38 47 16,000 46 5,468,910 120% Sale 90.200 122% Sale 55 6.400 54 9.000 104 % 109 38,750 8 7% Sale 64.100 188.400 30% Sale 7.500 20 % 22 69% 3.500 65 2 % Sale 203.700 2,200 % _ 1% Sale 345.900 10 10 1,200 13,700 1% % 45 1,300 80 600 8 % Sale 354.400 if* 200 442 136.700 18,175 742.600 29,950 34.900 800 14,000 3,200 12,690 3.400 296.900 81,800 973.400 2.600 131.500 62,800 234.100 67 73 18% Sale 12% 111% 104 116% 107% 7 1% 83 12* 114 Ji ---. Sale Sale Sale ------ 28 Sale 71 Sale 48.800 1% Sale 105,010 98.800 4,147,700 10% Sale 935.300 7 6% Sale 7 % Sale 170,800 20 114.300 18 11.200 723,190 124% Sale 771.000 7 8% Sale 88 5.000 85 11,200 7 2% 75 305.700 2 2 % Sale 55.100 4 5 % Sale 2,600 164.300 3 9% Sale Sale 50.100 70 1 , 220,100 July 1. Bid. 64% 41 24 102 % 104% 23% 45% 103% 2 2% 93 27% 8 6% 93 72 100 95 20 89 22 104 51% 53 76% 86 58% 44% 117 11% 68 68% 66 117 48% 8% 4 20% 6% 15% 21% 12 10% 51% 112 15% 280 4 0% 4 1% 83% 101% 4% 25% 43% 117 47 % 38% 127% 116 24% 95% 117 127% 54% 11 215 19% 34 77 161 95% 33 120 3% 3 5% 86% 111% 129 5 3% 105 36% 45% 115% 124 54% 108% 88% 2 8% 20 71 4 2 16% 8 1% 30 67 15% 16 155% 66 105% 48% 41% 55% 3% 116% 111 133% 100% 70% 84% 11% 23% 27% 72% 44% Highest. Lowest. Lowest. A sk. Bid. Sale Prices. Ask. Sale Prices. Sale 66 62% July 3 74% July 31 74 42% 41% Sale 41% July 13 4 3 % July 15 Sale July 21 23% Sale July 31 25 23 103 192 % Sale 102 % July 30 105% July 23 106% July 20 106% July 20 105% Sale 2 2% Sale July 30 2 4% July 2 22 Sale Sale July 1 44% July 18 46 45 102 106 101% July 18 102% July 27 Sale Sale 21 20% July 31 23% July 2 Sale July 1 94% July 22 93 91% 92 Sale Sale 25 24% July 31 28% July 16 Sale 102 July 1 107% July 21 Sale 86 July 18 105% July 28 96 95 98 95 Sale July 28 7 1% 74% 70% July 14 75 103 101% 104% 102% July 29 102% July 30 July 3 97 July 3 97 97 97 101 21 19 19% 18% July 7 19% July 6 July 15 Sale July 3 91 90 89 88 99 Sale July 31 July 1 32 31% Sale July 10 105% 104% 105% 104% July 3 108 Sale July 1 57% July 16 54% Sale 51 Sale 53% 54% 52% July 15 54% July 27 Sale July 3 76% July 1 Sale 74 74 Sale July 1 July 10 86 86 84 85 Sale 56% Sale 56% July 31 59% July 20 Sale 42% July 30 4 4% July 1 42% Sale Sale 117 Sale 116% July 7 117% July 2 Sale Sale 6% July 31 11% July 1 7 71 70 Sale Sale 70 7 5% July 16 67% July Sale 60 July 66% Sale 7 0% July 24 68 65 July 67% 68 7 1% July 17 118 119% 118 118 118% July 21 July July 7 Sale 47% Sale 50 4 6 % July Sale 8 % July 9 % Sale 9% July 31 Sale July 16 3 % July 3 % Sale 26 26 22 26% July 16 2 5% July 6 July 7% 7 % July 31 7 % Sale Sale Sale 16% July 20 15 July 15 21% July 10 21% 2 0% Sale 2 0% July Sale Sale 12 1 2 % July 23 11% July Sale 10% Sale 10% July 1 2 % July 17 Sale July 17 50% Sale 53 50 July Sale 108% Sale 107% July 114% July ' Sale Sale 13 13 July 15% July 17 July 20 Sale 298 350 316 July 9 359 Sale 136 July 10 142% July 17 Sale 33 July 30 36% July 17 33 Sale 41 July 31 46% July 16 Sale 43 Sale 88% Sale 80% July 10' 94% July 24 Sale 102 July 9 104% July 24 Sale 101 4 % July Sale 4 % Sale 4 % July 26 July July 15 2 6% 26% 29 28 Sale July 28 49 Sale 53 4 3% July 1 20 % 115 120% July Sale 43% July 3| 48 4 5% Sale Sale % July 1 % Sale % July Sale Sale 36% July 3 1 1 38% July 37 Sale 124 128 125 July 29 133% July 116% July 3,116% July 117% 116% 117 July 24 28% Sale Sale 24 July 6 31 79% Sale Sale 78 July 3 1 1 96% July 1 117% 119 117% July 16 117% July 16 119 Sale 128% Sale 127 131% July 29 July July 10 54% 55 54% July 55 55 18% July 18% July 29 15% 11 20 Sale 215 July 27 Sale 224 July 234 Sale 18% 19% 19% July 19% July 16 Sale Sale 37% July 2 33 28% July July 27 Sale Sale 65 July 75 July 1 Sale 150% Sale 139 July _ 165 91 July 11,103% July 15 Sale 100 % Sale 33% Sale Sale 32% July 3 37 July 17 150 135 150 3 % July 4 % July 24 3% 4% 4% Sale 38% Sale 3 9% July 8 3 5% July Sale 87% Sale 91% July 28 85% July July 28 113% 111 111 July 28 111 115 Sale 136% Sale 128% July 11139% July 16 Sale Sale 53% July 1 65% July 16 56 Sale 102% Sale 101% July 30 108% July 18 37% Sale 36% July 3 9% July 9 Sale 4 6% July 20 Sale 46 46% 4 5% July Sale 117% Sale 114% July 120% July 29 Sale 123% July Sale 125 125% July 29 54 Sale 54 July 54% July 8 55 109% 111% 110% July 112 July 22 111 July 22 Sale Sale 95 8 8% July 97 3 2% Sale 3 2% July 3 6 % July 24 34% July 9 Sale 29% 3 0% 28% July 20% Sale Sale 19% July 2 1 % July 2 July 1 Sale 71 65 69 67% July Sale 3 % July 8 % July 9 4 % Sale July 20 2 % July 5 4 2% 1% 2 3% July 8 13% Sale Sale 13% July July 18 July 18 13% 14 20 1 % July 4 % July 2% 1% 33 31 July 13 31 33 July 67 75 July 73 July 73 75 Sale 15 Sale 14% July 16% July 6 10 Sale July 31 80 80 July 31 80 16% 14% Sale 14% July 25 16% July 2 Sale 155 155% July 1 158% July 30 158 Sale 70% Sale 65 July 10 73 % July 30 Sale 105% Sale 105 July 3 106% July 15 Sale 4 8% Sale 4 6% July 29 5 0% July 6 4 1% Sale 58% July 22 5 7% Sale 55% July July 24 5 4 3 % July 3% 4% Sale 114 116% July 1 114% 114% July 111 July 2 110 % 108% July 111% 104 Sale 131 Sale 130 137% July 3 July Sale 107 July 29 Sale 100% July 113 Sale 72% Sale 74% July 17 70 July July 17 85% 86 87 85 85 July Sale 17% July 14 15% Sale 10% July 23% Sale 24 2 6% July 13 2 3 % July July 16 Sale 27 Sale 27 July 29 Sale 87% Sale 95% July 28 71% July Sale July 28 Sale 44 3 9 % July 3 % Sale 2 0% Sale 103% Sale 5% 6 20 21 155% 41 74 67% 3 1% 50% July 31. R AN G E S IN CE J A N . 1. Sale Sale 82 Sale Sale Sale Sale Sale 3 % Sale 3 % July 18% Sale 18% July 103% Sale 100 July 5 % July 6 6% 21 20 2 0% July 20 July Sale 155% July 166 40% Sale 39% July 82 79% July 75 65 July 64% 68 27% Sale 2 7 % July 51 July 51% 50 69% 70 6 7% July 42 43 42 July Sale 74 6 6% July 4 % July 2 0 % July 105 6% 23 22 171% 43% 79% 67% 32% 52 7 0% 47% 75 July July July July July July July July July July July July July 3 1 16 3 10 13 28 3 27 1 1 16 29 2 29 Highest. Sale Prices. Sale Prices. 4 0% M a r. 30 74% July 31 39% June 3 45% Jan. 30 2 2% Jan. 16 28% F eb. 4 99% Jan. 2 105% July 23 104% June 23 106% A p r. 7 19% M a r. 17 26% Jan. 12 June 29 31 %; M a r. 17 46 100% Jan. 7 103 M a r. 27 17 Jan. 6 2 4% F eb. 2 78% Jan. 2 94% F eb. 3 2 1% M a r. 30 30% F eb. 3 8 0% M a r. 30 107% July 21 92 June 5 105% July 28 62 Jan. 6 75% June 19 99% Jan. 9 108 M a r. 4 95 M a y 26 9 9% A p r. 28 18% July 7 24 M a y 28 M a y 19 88 July 3 92 July 31 15% F eb. 17 32 92 A p r. 1 108 July 10 4 0 % Jan. 2 5 7% July 16 5 0% M a r. 27 5 4% M a y 26 62 M a y 19 8 0% June 18 81 Jan. 20 86% June 12 5 6% M a r. 30 67% F eb. 2 3 8% M a r. 30 4 7% F eb. 3 F eb. 24 116% July 7 119 Jan. 16 6 % July 31 16 A p r. 29 69 M a y 8 70 6 2% M a r. 25 7 5% July 16 55 M a r. 18 77% Jan. 3 61 M a r. 18 79% Jan. 3 112 M a r. 13 118% June 3 July 7 41 % Jan. 28 50 M a r. 6 8 % June 9 12 3 % M a y 28 6 % Feb. 9 20 M a y 1 4 1% Jan. 10 5 % M a r. 19 11% Jan. 7 M a r. 12 10% Jan. 15 19 20%' M a r. 19 2 3 % Jan. 17 F eb. 7 i y\ iviar 11% M a r. 30 15 7 % A p r. 1 12% July 17 4 2% Jan. 5 54% June 12 9 7% F eb . 17 114% July 8 11% Jan. 5 2 3% F eb. 6 255 A p r. 9 359 July 20 122 M a r. 30 152 F eb. 27 33 July 30 3 6 % July 17 3 7% M a r. 18 4 6 % July 16 70 Jan. 2 94% July 24 93% Jan. 2 104% July 24 3 % Jan. 2 5% M ay 9 2 5% M a y 13 35 Jan. 10 3 8% M a r. 26 53 July 28 115 ~ M a r. 25!120 June 26 36 A p r. 11 6 0% M a y 25 .21 Jan. 3 1 F eb. 28 3 6 % A pr. 27 4 3% F eb. 5 118% Jan. 17 134 June 19 113% June 17 117% M a y 6 24 M a y 15 36% M a r. 4 60% Jan. 6 96% July 1 116 June 23 119% Jan. 13 110% F eb, 4 131% July 29 June 15 52 Jan. 16 56 12 M a r. 18 20 M a r. 14 July 27 204% M a r. 30 234 18% A p r. 11 23 Jan. 9 2 6% A p r. 27 5 0 % F eb. 11 F eb. 11 65 July 10 94 F eb. 11 131% A p r. 22 250 91 July 11 112% F eb. 27 3 0% F eb . 17 3 9% Jan. 17 Jan. 8 130 M a r. 9 154 4 % M a r. 2 3 % July 20 23 Jan. 3 3 9% July 8 76 M a r. 19 9 4 % M a y 26 June 22 105 Jan. 29 l l 5 114% M a r. 30 147% M a y 12 3 3% M a r. 30 65% July 16 92% M a r. 30 108% July 18 30 F eb. 17 39 % July 9 44 A p r. 16 4 6% Jan. 5 112% M a r. 30 129% Jan. 23 122% M a y 7 126% Jan. 26 5 1% M a r. 24 56% June 4 July 22 105% A p r. 21 112 July 22 82 M a r. 19 97 3 2 % July 31 3 6 % July 24 2 5 % M a y 4 34 % July 9 16% M a y 13 2 4% M a y 19 60 A p r. 1 73 M a y 22 8 % July 9 2 % M a r. 23 5 July 20 1% F eb. 25 8 % Jan. 5 23 % July 8 A p r. 21 4 M a r. 25 18 1 Jan. 17 4 % July 9 30 June 30 4 3% Jan. 6 73 June 8 79% Jan. 12 7 % Jan. 13 16% June 26 8 M a r. 30 7 M a y 26 80 A p r. 1 8 8% A p r. 14 14% July 25 19% Jan. 3 116 A p r. 30 158% July 30 3 7 % M a r. 30 73% July 30 9 4% F eb. 11 106% June 25 43 June 24 50% July 6 June 11 43 June 11 43 51 M a r. 16 5 8% July 22 M a y 22 3 % June 25 14 113% Jan. 9 117% June 25 July 2 104 Jan. 27 111 116% Jan. 2 137% July 3 97 A p r. 9 113% Jan. 7 Jan. 3 6 6% M a r. 28 84 79% M a r. 30 8 6% June 18 9 % A p r. 1 17% July 14 19% M a r. 31 2 6% July 13 25% M a r. 31 3 1% F eb. 2 5 7 % M a r. 30 95% July 28 3 9 % July 9 4 8% July 28 % Jan. 30 1 % Jan. 10 5 % M a y 15 3 % June 29 9 % Jan. 26 2 4% M a y 11 M a y 22 7 2% Jan. 28 111 5 % M a y 29 13% M a r. 7 M a r. 7 18 A p r. 24 60 M a r. 7 18 M a r. 4 42 112% Jan. 28 171% July 28 3 6 % M a y 14 79% Jan. 2 Jan. 9 79 A p r. 6 88 65 A p r. 7 76% F eb. 11 16 M a r. 30 32% July 1 4 5 % M a r. 30 5 2% F eb. 7 67% July 23 7 0% July 29 3 3% F eb. 18 4 8% June 27 63 M a r. 27 7 6% F eb. 13 ♦Ex-dividend, a This price is after distribution o f dividends in shares o f United Cigar Store at the rate of 38.85 shares for 100 shares o f United Retail Stores, c Ex-300% in stock G eneral Q uotations O F BONDS AN D STOCKS 1. In the following thirty-four pages o f tables quotations are given for all the more important securities listed on any Stock Exchange In the United States; also for leading unlisted and inactive securities. 2. Quotations from all Stock Exchanges are as near as possible for the closing day of the month preceding the date of issue. , As the New York Stock Exchange began with Jan. 2 1909 to quote all bond prices “ and interest,” we have adopted the same method and no longer employ a designating mark to indicate the fact except where there is a deviation from this rule. The reader will understand, therefore, that unless the letter “/ ” is prefixed to the price, he must pay accrued interest in addition to the price. This, however, does not apply to income bonds or bonds in default, in which cases the price includes the interest, should there be any. 3. The letter “/ ” prefixed to bond prices denotes that the quotation is a flat price— that is, that the accrued interest forms part o f the price, and therefore the purchaser does not have to provide for it separately in making payment. As already stated in the case of income bonds ana bonds in default, the price is always “ flat,” and no designating mark is employed to indicate the fact. 4. Stock prices marked thus (d) are per share. All others are per cent except bank stock prices, which are quoted per share unless otherwise stated. 5. It should be borne in mind in the use o f these tables that the quotations for many inactive and unlisted securities are merely nominal, but inall cases the figures are obtained from sources which are considered reliable. 6. The following abbreviations are often used, viz.: “ M ” for mortgage, “ g” for gold, “ gu” for guaranteed, “ end” for endorsed, “ cons" for con solidated, “ conv’ . for convertible, “ s f ” for sinking fund, “ 1 g” for land grant, “ op” for optional. 7. The black-faced type in the letters showing the interest period indicates the month when the bonds mature. NOTICE.— All b o n d prices are “ and interest” except where marked “ f ” and incom e an d d efau lted bon ds. Bonds. Bid. RAILROAD BONDS Bonds of companies consol'd are often under the consolidated name. Adirondack— See Del & Hudson Akron & Barb Belt g 4s 1942. J&D 89 Ak Cant & Youngst 6s 1930 J&J 99 Ala Gt South 1st 6s Dec ’27 -J&J 10014 Gen M 5s Dec 1 1927 £ J&D 9614 1st cons g 5s 1943 ser A J&D 10014 Belt R y o f Chatt 5s 1945 J&J 95 Ala Midland— See Atl Coast Line Alabama N Orl T & P June— “ A” deb 5s g '40 red TO M&N f 95 “ B ” deb g 5s ’40 red TO M&N f 95 “ C ” deb g 5s Nov 1 1940-A&O f 90 Alabama Tennessee & Northern— 81 Prior lien 6s 1948-_ J&J Gen income 6s Oct 1948_______ 2714 Alabama & Vicksburg Ry— 1st M g 5s 1974 series A M&N 101 Albany & Susq— See Del & Hud Allegheny Valley— See Penn RR Alleg & West— See Buff R & P Allentown Term 4s 1919 Ext at 6% to 1929___ ..J & J 100 Alton Bridge— See St C M & St L Ann Arbor 1st g 4s 1955— Q-J 7414 99 M 6% notes Mar 15 1930 M&S15 Eq tr 6s Jan 15 ’26-’35 -J&J 15 ft 5,65 Ark & Mem Ry Brge & Term— 1st M 5s 1964 _________ M&S 9214 Aroostook Nor— See Ban & Aroos Aroostook Valley— See Can Pac Asheville & Spartanburg— S U & Col 1st M g gu 4s 1955. -J&J Atch & East’n Br— 4s 1928 .J&J 97 Atchison Topeka & Santa Pe— 89 Gen mtge gold 4s 1995- A&O Adjustment 4s July 1 ’95 .N ov 8214 S ta m p e d --____ - M&N 8314 C o n v g 4 so f’09du e’55opt J&D 8214 8214 Conv g 4s of 1905 due ’55-J&D 81 Conv g 4s of 1960 - _____J&D Trans S L 1st g 4s 1958-- J&J 8614 Cal-Ariz lst& rf4 M s’62 op M&S 9114 Series B ________ - _ If 92 E Okla Div 1st g 4s ’2 8 --M&S 9814 ___ Hutch & So 1st g 5s 1928.-J&J Rocky M t Div 4s 1965 - J&J 8314 San Fran & San Joaquin Val— 1st g 5s Oct 1 1940 .A&O 10314 Santa Fe Prescott & Phoeni> 1st g 5s 1942 _________ M&S 9914 Atlanta Birm & Atlantic— 40 Income 5s Nov 1 1930________ Atl & Birm 1st g 5s 1934--J&J / 4614 Certificates o f deposit _____ / 46 Atlanta & Chari A L— See Sou Ry Atl Knox & Cin— See Lou & Nash Atl Knox & Nor— See Lou & Nash Atlanta & St Andrews Bay— 77 1st 6s, 1938 ________ -Atlantic & Dan— See South RR Atlantic City— See Reading Co Atlantic Coast Line Co of Conn— Certs Indebt 5s irredeem J&D f 9814 Atlantic Coast Line RR — 1st cons 4s July 1 1952 M&S 9114 Col tr g 4s Oct 1 '52 op M&N 8514 88 Gen unif ser A 414s ’64 J&D 91M 7% notes M ay 15 ’30 M&N 15 10714 Eq 6 Ms Feb ’36 (yr) _F&A ( 5% Eq 6s Jan 15 ’26-’35 J&J 15 b 5.20 Ala Mid— 1st gu g 5s’28M&N 10114 Atlantic Coast Line o f S C— Gen 1st g 4s July ’4 8 --J&J 9014 N E of S O 6s 1933 J&J 109 Bran & West 1st 4s ’38 _J&J 90 Char & Sav gen 7s 1936-J&J 11714 89 Fla So 1st g gu 4s ’45 -- J&J Nor & Car 5s 1939 - . A&O 100 Pet’b ’g— Class A 5s g ’26. J&J 100 Class B 6s g 1926 - A&O 101 Rich & Peters 414s '40 A&O 96 Sav Fla&W 1st g 6s ’34-A& 0 109)4 1st M g 5s 1934_____A&O 101 Wil & Wei gen g 5s ’35- J&J 101 Gen mtge g 4s 1935 -J&J 93 Atlantic & Yadkin— See South Ry Aug Term— See Chari & W Car Austin & Northw’n— See So Pac Balt Ches & Atlan— See Pa RR Balt & Cumb Val RR 6s ’2 9 --J&J 100 Ex 1st M 6s July 1931 _J&J 100 Balt & Harrisb— See West M d Baltimore & Ohio— 1st M 4s g July 1 1948__ A&O 8714 1st M 5s July 1 1948_____A&C 100M 92 Conv 414s 1933 red 1923-M&S R ef & gen 5s 1995 series A J&E 8914 R ef & gen 6s 1995 series C_ J&E 102 10214 Eq tr 414s 1926-40 (yr)__M&N b 4.90 E q tr 5s 1926-37 ( y r ) __ F&A ft4.95% Eq tr 5s 1926-38 (yr)___ F&A 64.95% Eq tr 6s ’26-’35 (yr)__ J&J 15 6 5.3C Pitt Jc & M div 314s g ’25 M&N 99 6 Basis. Ask. /T h is price Includes accrued interest, Bonds Bid. Baltimore & Ohio (Concluded)— Pittsb Lake Erie & W Va— Refund gold 4s 1941 -M&N 8514 S W Div 1st 5s 1950_____J&J 96 Central Ohio— Reorg 1st con g 4 14s ’30 .M&S 99 10014 Ohio Riv RR— 1st g"5s ’36.J&D 100 Gen gold 5s 1937______A&O 9854 Staten Isl R y 4 14s 1943 J&D 7514 Toledo & Ciri Div 4s 1959 .J&J 71 W Va & Pitts 1st 4s g ’ 90 A&O 81)4 Bangor & Aroostook— 96 1st M 5s g Jan 1 1943-- J&J 98 71 98 Cons refund g 4s 1951-- -J&J 92 Medford Ext 5s 1937 ...M & N 93 Piscat Div g 5s Jan 1943 -A&O 90 90 86 St Johns Riv Ext gu 5 s ’39 F&A 92 Van Bur Ext 5s g Jan ’43-A & 0 31 Washburn Ext 1st 5s '39 F&A 9014 Aroostook Nor 5s g 1947.-A&O 85 101M Nor Maine Seaport 5s ’35-A & 0 n 89 Battle Creek & Stur— See Mich C Bedford Belt— See Chic M & St P Beech Creek— See N Y C & HudR Bellingham Bay & British Col— 1st g 5s Dec 1 1932-- __ J&D 85 Belt RR & Stk Yds (Ind’p’lis)— 76 1st ref gold 4s 1939 M&N 87 100 K 5,30% Belt R y of Chatt— See Ala Gr So Belvidere Del— See Pennsylvania Bennington & Rutl’d— See Rutl’d 93 Big Sandy Ry— See Ches & Ohio 82 Birm Term 1st g 4s 1957 gu M&S ____ Bolivia R y 1st 5s 1927.. . J&J Boonville St Louis & Southern— 1st M 5s 1951__________ F&A 7514 Boston & Albany 5s Oct '63- J&J 10214 5s June 1942____________ J&D 101)4 89 X 5s July 1 1938.......................J&J 100 It 8314 96 M 84 4L4s July 1937___________ J&J 93 % 4s M ay 1 1933 gu N Y C.M&N 8414 9314 4s M ay 1 1934 gu N Y C-M&N 8314 92)4 4s M ay 1 1935 gu N Y C.M&N 8014 314s Jan 1 1951__ J&J 90 79)4 Ref 3 Ms 1952 gu N Y C_ _A&O 9514 73 Boston & Lowell 414 s Feb ’33 - J&J 97 72 4s April 1932.. __ ____ A&O 99 68 Boston & Maine— 414s g ’44-J&J 79 414s April 1 1929________ A&O 86 79 4s Sept 1 1926__________ M&S 75 F&A 4s Feb 1 1937________ 104 57 4s Aug 1942____________ F&A 45 3s July 1950 ___________ J&J 100M 91 6s Jan 1 1933___________ J&J 85 1st & ref M 6s ser C 1929- J&J 43 85 Series D 6s 1929_______ J&J 48 85 Series F 6s 1930______ ..J & D 48 85 Series G 6s 1929__________ J&J 85 Series H 6s 1930________ M&N 90 Series I 7s 1931_________ J&J 90 Series J 7s 1931 . . . _ A&O Equip 514s 1926-1927__ F&A b 5.50 80 1 Eq tr 6s 1926-38 (year) J&D b 5.50 Ports Gt F & Con 4M s’37.J&D 75 Bos & N Y A L— See N Y NH & H 97 Boston Rev B & L 414s ’27 J&J 93 Bridge’n & Saco R 1st 4s ’28.J&D 85 2nd 4s___________________ 1928 91 % Burns & W— See Atl Coast Line 86 95 Buffalo Creek 1st 5s 1941__ J&J 90 98 1st con 5s 1961__ _____ _J&J 9314 107 M Buffalo Rochester & Pittsburgh— 100)4 General 5s g 1 9 3 7 - - ___ M&S 4.80% Con g 414s 1957________ M&N 8514 5% Eq 6s ser K 1926-33 (s-a).F&A & 5% 10114 Equip 4s series G 1929 ..A & O b 4.90 8314 A l& W est 4s g guar 1998 A&O Clear & M 1st 5s g gu 1943-J&J 98)4 Buffalo & Southwest— See Erie Buff & Susquehanna R R Corp— 80 1st 4s Dec 30 1963-- J&J 90 Burl Ced Rap & No— See CRI&P 92 Butte Anaconda & Pac 5s’44 F&A California N W 5s 1928 gu.-A&O 101 99 Cam & Clear— 1st 5s g 1941 J&J Gen M g 4s 1955-- - _ F&A 83 111 99 Cambria & Ind— 1st 5s '36 M&N Gen mtge 6s 1944 __ ..F & A 10114 Eq tr 5>4s 1926-38 (year) .M&N 6 5.30 Canada Atl— See Grand Trunk Canada South 5s 1962 ser A.A& O 10014 Canadian National Railways— ____ 414s Sept 15 1954 --.M & S 15 4% guar gold notes 1927 -J&J 9814 9814 5-year 4>4s Feb 15 1930.F&A15 95)4 10-yr 414s Feb 15 1935.F&A15 Equip tr 7s M ay 1 1935--M&N 11214 Equip trust 414s 1926-39 .J&J 6 4.25 8814 10014 Canadian Northern— 1st con deb 4s 1930 gu..J&D3C 92)4 9514 S F deb 7s 1940_________ J&D 11514 9014 S F deb 614s 1946________ J&J 116)4 10214 ft 5.35 103 Ea 6s Jan.’26-Jan’29 ser B.J&J ft 5.10 4.70% Canadian N W 4 14s Oct 22 1943 92)4 4.75% Manitoba S E 1st 4s £ ’29 F&A 4.75% 9414 Winnipeg Term g 4s 1939 g . J&J 5.05% 8814 k Last sale. I In London, Ask. 8614 96)4 ____ 9914 88 7314 8314 98 72 94 92 92 95 9114 90 92 89 8414 ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ 93 ____ ____ ____ 5.40% 5.40% 80 ____ 95 8714 ____ ____ 101)4 96 4.75% 4.60% ____ ___ SI 93 ___ 101 ____ ___ 103 5.15% 102)4 93)4 99 98 % 9614 11214 4% 96 11614 118 5.20% 4.80% 93)4 9514 8914 n Nominal, Bonds Bid. Canadian Pacific— Cons deben 4s perpetual--J&Ji 80 Eq tr 414s 1926-1928_____J&Jft 4.75 Eq tr 6s Oct ’25-'32 (s a)_-A&0|6 5.10 Aroostook Val 43^s 1929-F&AI 70 New Brunsw 1st g 5s 1934.F&A If 98 Cons deb 4s perpetual. J&J / 76 Ont & Que deb gu 5s perp.J&D, / 96 Carb & Shaw— See Illinois Cent’l Carolina Cent— See Seab Air Line Caro Clinch & Ohio 5s 1938 J&J 101M 1st cons 6s 1952 Ser A ..J& D 15 107 M Equip 5s 1925-1937 s-a__A&0 ft 5.05 Eq 5s 1925-1933 s-a . . . J&D ft 5.05 Eq tr 6s 1926-’35 (yrly)_J&J15 ft 5.40 Carolina & Yadkin River— 1st s f 5s 1962 . . . . . . J&D 5 Carthage & Adiron— See N Y C Catawissa cons g 4s 1948 ..A & O 89 M Central Argentine Ry Ltd— 100 Conv g 6% notes 1927 __ F&A Cent Ark & East— See St L S W Cent Branch R y— See M o Pac Central of Georgia— 102 % 1st M g 5s Nov 1 1945____F&A Cons gold 5s 1945 M&N 101 M 10-yr 6% sec gold bds 1929 J&D 103 M R ef & gen 5Ms 1959 ser B.A&O 102 Eq 4)4s 1926_______ __ J&J !>4.60% Chat Div gold 4s 1951 J&D 85M 99 Macon & Nor g 5s 1946- - .J&J Mid Ga & A tl 1st 5s 1947..J&J 98 Mobile Div g 5s 1946. - ..J & J 100M Oconee Div 1st g 5s 1945. J&D 100 Cent RR & Bkg 5s 1937.-M&N 97 M Chattahoochee & G 5s ’30 J&J 95 Chat R & South g 5s 1947..J&J 95 Eatonton Br 5s g 1926 - J&D 95 ____ Ocean S S 1st 5s 1943 . J&J Cent of N E— See N Y N H & H Central of New Jersey— Gen M (now 1st) g 5s ’87..J& J 108M Eq tr 6s Jan 15 ’26-’35-.J&J15 b 5.20 Amer Dock & Impt 5s 1921— Ext at 6% to 1936 -J&J 106 Vs Leh & W-B Coal con f 4s’30J&D 96 M 93 Con g 4s 1935__ ______ J&D N Y & L Br gen 4s 1941..M &S 90 Vs ___ General gold 5s 1941 . M&S Central Ohio— See Balt & Ohio Central Pacific— See So Pacific Central Vermont Ry— 92 R ef M 5s 1930 guar____M&S Eq tr 5s Oct ’25-T32 s-a__ A&O 6 5.30 Charles & Sav— See A tl Coast L Chari & W Car 1st 5s 1946.-A&O 98M Aug Term 1st gu g 6s ’4 7 .-A&O 102 Chateaugay Ry— See Del & H Chattahoochee & Gulf— See Cent of Ga Chat Rome & Sou— See Cent of Ga R y 82 Chattanooga Sta 4s 1957 gu.-J& J Chesapeake & Ohio— 1st cons g 5s 1939 - __ M&N 101M General 4 Ms gold 1992__ M&S 90 M Conv g 4>4s 1930 op 1915 F&A 98 M Gen fund & impt 5s 1929.-J&J 100 Conv g 5s 1946 A&O 105 Vs E q tr4 M s Jan 15 1926. . J&J15 b 4.60 Eq tr 4 Ms N ov ’25-’27..M & N ft 4.65 Eq tr 4Ms Dec ’25-’26__ J&D ft 4.60 Eq tr 5s Mar 15 ’26-’38.M&S15 6 4.95 Eq tr 5Ms ’26-’37 (y riy)..J& D 6 5.05 Eq tr 6s 1926-35 (yrly). .J&J15 ft 5.30 Eq 6Ms 1925-’35 (ann)..J&D 6 5.10 Craig Valley 1st 5s g 1940-J&J 98 M 83 Potts Creek 4s 1946__ -J & J 81 R & A Div 1st con g 4s '89. J&J 2d con g 4s 1989 __ J&J 81M 98 M Warm Sp Val 1st 5s g ’41-M&S Coal Riv R y 1st 4s gu '45. J&D 83 M Elevator Co g 4s gu 1938.A&0 Big Sandy R y 1st g 4s ’44. J&D 87M Greenb R y 1st g gu 4s ’40 M&N 87 Raleigh & S W 1st 4s ’3 6 .-J&J 91 West Poc Corp 1st 4 Ms '45 F&A 90 Chesapeake & Ohio Northern— 1st M 5s 1945 guar . __A&0 98 M Chesterfield & Lane 1st 5s ’ 55F&A 65 Chic & Alton 1st 3 Ms 1950. .J&J / 48M Ctfs of dep Jan ’23 coup attach. / 47 M RR refunding g 3s 1949.-A&O / 63 M Certificates of deposit— Stpd as to Oct 1924 int . __ / 60M Stpd as to Apr 1925 int . . / 59 M Equip trust 6s Jan 15 26-’35 (yearly) _ . . J&J15 6 5.70 Chicago Burlington & Quincy— Gen M 4s 1958_________ M&S 88 Vs 1st & ref g 5s 1971 ser A ..F & A 102 M Eq tr 6s Jan 15 ’26-’35-.J&J15 ft 5.2C 84 Illinois Div 3 Ms’ 49 op ’29 J&J 90 % 4s July 1 1949 - ____ J&J Nebraska Ext 4s 1927__ M&N 98 Vs Chic & East 111 (new co)— 74 Gen M 5s M ay 1951 - - M&N s Sale price. Ask. 80 )£ 4.50% 4.80% 100 78 98 101)4 107 U 4.80% 4.80% 5.15% ____ 91 100)4 108 102)4 104 ____ 4.30% 87 ____ ____ 98)4 ____ ____ ____ 109 5% 108 ____ 94 ____ ____ 92 K 4.90% ____ ____ ____ 102 Vs 90)4 98)4 100 M 106)4 4.25% 4.30% 4.25% 4.75% 4.80% 5.05% 4.85% 99)4 ____ ____ ____ ____ 87)4. ____ ____ ____ 93 99 yc 75 48 Vs 48 M 64 X 61)4 63)4 5.35% 90 102 m ; 5% 85)4 91)4 99 ) i 74)4 Aug., 1925.] RAILROAD BONDS 31 NOTICE.— All b o n d prices are "a n d in terest" except where m arked " f " an d incom e an d d efau lted bon ds. B onds Bid. Ask. Bonds Bid Ask Bid. B onds. Ask s C I St L & C— See O C C & St L— Des M & Ft D— See Minn & St L 10434 10634 Oin Ind & West 1st 5s 1965 M&N 7834 7934 Des PI Val R y— See Chic & N W Cin Leb & Nor— See Pennsylvania RR Det Gr Ran & West— See Pere M 73 63 Det & M ack pr 1 4s 1995____J&D 713* 6334 Cine & Musk Val 4s 1948__ F&A 65 72 Cin N O & Tex Pac Ry—• Mortgage gold 4s 1995-- J&D 10134 Eq tr 5s 1926-38 (y r )---A & 0 b 5.25 5% Detroit Riv Tun— See Mich Cen 84 Detroit & Toledo Shore Line— Cincln North 1st g 4s 1951--J&J 84 1st gold guar 4s 1953____J&J 8754 8834 Cin San & Clev— See C C C & St L 87 Dul & Ir Range— 1st 5s '37 A&O 103 9034 Clearfield & Jeff— See Pa & N W Clearf & Mahon— See B R & P Duluth Missabe & Northern — Gen g s f 5s Jan 1 1941____J&J 10334 111 34 11234 Cleveland Akron & Columbus—• Duluth South Shore & Atlantic 9934 101 General gold 5s 1927-- - M&S 100 ___ 87 81 83 1st cons guar g 4s 1940 - F&A 1st gold 5s 1937-- - - - - J&J 9034 9134 92 9154 1st & gen 6s M ay '66 ser B_J&J 10254 103 East Tenn Va & Ga— See So Ry— Clev Cine Chic & St Louis— 82 Equip tr 6s ’26-’35 (yr)--J& J15 b 5.45 5.05% General 4s gold 1993 - __ J&J 8434 Eastern Minn— See St P M & M Indianap & Lou 1st 4s '5 6 --J&J 9954 10034 Elgin Jol & East 5s 1941 - M&N 101 7954 7954 Gen M 5s ser B 1993 ___ J&D M onon Coal gu 5s '36 opt.J& D 60 98 55 Deb gold 434s 1931-- — J&J 9834 Elmira & Williamsport— 88 Ch I & St L Sh L— See CCC&StL 90 R ef & imp 6s 1929 ser A ..J & J 10234 103 1st 6s 1910 ext at 4% 1950 J&J 97 Chicago Lake Shore & Eastern— 99 R ef & imp M 6s '41 ser C --J & J 104 Income 5s 2862 - A&O 10634 ___ 93 54 1st M 414s 1969 opt 1919-J&D R ef & imp M 5s '63 ser D J&J 9734 9734 El Paso & R I— See El P & Sow ___ 89 Chic Memp & Gulf 5s 1940--J&J Equip tr 5s 1926-’29 (yr)-.J& J b 5% 4.75% El Paso & Southwestern Co— Chic Milw & Puget Sound— El Paso & S W R R — Equip tr 6s 1926-’27 (y r). J&D b 4 60 4.35 f 4734 101 4834 90 91 Chic Milw & St Paul (new co)— 82 New Mexico R y & Coal Co—■ C W & M Div 1st 4s g '91. J&J 8034 s82 s 83 50-year 5s 1975 Ser A w i 1st col tr g 5s Oct 1 '47-A & 0 100 St L Div 1st col tr g 4s '90 M&N 8234 8334 Ad] M 5s 2000 w i . . ---1st & con & coll trg 5s'51-A&O 100 5434 5454 Spr & Col Div 4s 1st g '40-M&S 8734 Chicago Milwaukee & St Paul—■ Dawson R & Coal 5s '51-J&J 100 White W V Div 1st 4s '40 J&J 8834 9134 80 Gen g 4s A M ay 1 1989__ J&J 7934 Cine Ind & St L Sh Line R y— E lP as& R I lstg gu 5s’51 J&J 100 ____ 48 89 Gen & ref 434s Jan 2014_A&O 4834 Erie— N Y & E ls t4 s e itg ’47_M&N 1st gold guar 4s 1953 - A&O 50 48 Conv 5s Jan 2014 ser B ..F & A C I S L & C 1st 4s g Aug '36 Q-F 9334 434s 3d ext 1933--- M&N 9334 10334 101 1st sec 6s 1934 _______ _.J&J 5s 4th ext gold 1930_____A&O 10034 Cin San & Clev con g 5 s '28 J&J 10034 ___ 69 97 Gen g 334s B M ay 1 1989-.J&J 4s 5th ext gold 1928-J&D Clev Colum Cin & Indianap— Gen 4J4s M ay '89 series O.J&J 8834 8754 7s 1st cons '20 ext to '3 0 --M &S 107 108 Gen cons gold 6s 1934-- J&J 10734 48 Deb gold 4s July 1 1934— J&J 485-8 89 Prior lien gold 4s 1996___ J&J Id Blm & W ext 4s 1940 A&O 7034 95 7034 48 Conv deb 414s '32 opt '22-J&D 48^8 Gen Lien gold 4s 1996___ J&J 63 62 34 O Ind & W g 5s Apr 1938--Q-J 8934 4834 63 Gold bonds 4s 1925 opt '22. J&D 4834 78 Conv gold 4s 1953 ser A -.A & O Peor & East cons 4s '40 A&O 80 6334 m European loan 4s 1925--J&D m 44 4534 63 Series B 1953_________ A&O 5734 2d cons inc 4s 1990- -Apr 1 / 3334 3434 Equip tr 6s 1926-35 (yr) J&J15 65.75% 5.25% Cleveland Lorain & Wheeling—• Series D 1953_________ A&O 7034 71 95 90 Bedford Belt 5s_________ 1938 Eq tr 6s 1926-35 (year)_J&J15 b 5.60 5.25% Cons now 1st 5s 1933 .A&O 10134 Chic & M o Riv 1st 5s 1926-J&J 9934 9934 Eq 6s ser FF '25-’28(s-a)-M&N b 5.60 5.25% Stamped subject to call. Milwaukee & Northern— 99 Penn coll g 4s Feb 1 '51__ F&A 101 Gen M 5s 1 9 3 6 - - _____ J&D 9634 ____ 90 1st ext 434s '34 (blue)..J& D Buffalo & Southwestern— Con refg g 434s 1930 red J&J 98 34 9934 Cons 6s 1934 3xt at 434% 1st g 6s '08 ext to 1928 J&J n ___ Clev & Mahon Val— See Erie RR 10234 91 ___ to 1934 (brown)__ J&D 8934 2d g 5s '08 ext to 1928--J&J Clev & Marietta— See Penn RR Chic & Nor M — See Pere Marq JeffRR 5sext at 5!>4'29- -A&O 101 Cleveland & Pitts— See Penn Co 102 80 Chicago & North Western— Chic & Alt Term 5s 1928 J&J Clev Short Line— See L S & M S 75 7354 Gen M 314s g 1987______ M&N Ch & Erie 5s 1st g 1982--M&N 10134 Cleveland Terminal & Valley—■ 8334 Stmpd non-pay Fed inc tax 8534 Cleveland Union Terminals— Cleve & Mah Val g 5s '38 J&J 100 Gen M 5s '87 stpd inc tax.M&N 10134 103 1st s f 534s 1972 series A A&O 10534 106 34 Erie & Jersey s f 6s 1955 J&J 103 104 10034 Sinking fund deb 5s 1933-M&N 100 1st M s f 5s 1973 ser B _- A&O 100 Genesee River 6s 1957 - -J&J 10434 105 1003-s 104 10454 Coal & Iron Ry— See Western Md Sinking fund 6s 1929 - ..A & O Long Dock 6s con g 1935 A&O 108 34 5s 1929_______ - - . -A&O 10034 101 60 Coal River Ry— See Ches & Ohio Newb & N Y 1st 5s 1929- J&J 80 9954 Colo & Sou 1st g 4s 1929 - - F&A 50 Exton bonds 4s 1926__ F&A15 9934 N J & N Y 5s 1950_____M&N 9834 9834 10-year 7s June 1 1930___ J&D 10654 10734 NY&GrLake gu g 5s’46-M&N Ref M g 434s M ay 1 '3 5 --M&N 94 9334 9234 9334 15-year 634s Mar 1936---M&S 1103-s 111 34 N Y L E & W O & RR— Eq tr 6s 1926-35 (year) -J&J15 b 5.45 5.15% 95 9534 1st & ref 5s M ay 2037____J&D 1st 6s ext 534% '42. M&N Ft Worth & D O 6s 1921— 10234 Eq tr 6s ’26-’35 ser M (yr)_J& D b 5.35 5.10% N Y L E & W D & I 1st 6s '13 Ext at 534% to 1961 - J&D 10434 Eq tr 6s Jan 15 '26-’35 -J&J15 b 5.35 5.10% Colo Sou N O & Pac— See St L & S F Extended at 5% to '43- J&J Eq tr 634s 1926-36 ser J..M & S b 5.05 4.75% Colo Spr & Cripple Crk D Ry—• 96 N Y Pa & O p 1 434s '35-M&S 97 Eq tr 634s 1926-36 ser K.A& O b 5.05 4.75% N Y Susq & Western— 15 1st gold s f 5s 1930- - - J&J Des Plaines Val 434s 1947.M&S 8334 •____ 1st refunding 5s 1937- J&J 5 Cent Tr Co ctfs o f dep__ 15 6934 6934 Frem Elk & M o V 6s '3 3 --A&O 10754 109 2 2d mtge 434s 1937 ____F&A 59 y8 1st cons 5s Oct 1942- - A&O 4 63 91 la Minn & N W 1st 3 34s’35. J&J 8334 Gen mtge 5s g 1940 __ F&A 60 Col Connect & Ter— See Nor & W 6134 ____ Col Hock Val & T — See Hock Val 81 M anitow G B & N W 3i4s’41_ J&J 97 Term 1st g 5s 1943____M&N 99 Milw Lake Shore & Western— 80 Registered $5,000 each. Conn & Pass— 1st g 4s '43- A&O 84 ___ Ext & imp s f g 5s 1929--F&A 10034 Newp & Richf 1st 5s '41 gu J&J Midland of N J 1st 6s 1910 86 87 34 Conn River— Gold 4s '43__ M&S M il Sparta&NW 1st 4s '47.M&S 57 ext at 5% to 1940 -.A & O 9334 ___ Connecting Ry (Phila)— 8054 Mil&StateLine lst334s’41-J&J Wilkes & E 1st g 5s’42 J&D 6334 64 993^ 99 Peoria & N W 334s 1926--M&S Erie & Jersey— See Erie RR—■ 92 1st M gu 4s Mar 15 '51 M&S15 91 Prin & Northw 314s 1926--J&J 9934 9954 Connellsv & Monongahela Ry— Erie & Pittsb— See Penn R R — St L Peo & N W 5s 1948--J&J 10134 102 3^ Est RR of France—95 98 1st s f gold 4s 1930 opt . M&S St Paul East Gr Tr 4 J4s’47.J&J 9054 External s f 7s 1954 _ M&N 92 Cuba Northern 6s 1966 stpd J&J 8334 9234 8334 Sioux City & Pac 334s '36-F&A 8754 European & N A— See Maine Cen 8954 90 93 1st mtge 6s 1966 plain. . . Chicago Peoria & St Louis— Evansv Indianap & Terre Haute Cuba R R — 1st g 5s 1952.. J&J 86 87 ____ ___ 20 Prior lien gold 434s 1930--M&S 1st mtge 7s 1950 _____M&N 1st 1 & ref g 734s '36 ser A_ J&D 10434 10534 10134 20 79 7734 / 34 * Chicago Rock Isl & Pac Railway— 77 Fitchburg— 5s Jan 1 1934-- J&J Current Riv— See K C Ft S & M 83 79 8534 Dallas & Waco— See M o K & T General gold 4s 1988 - J&J 434s ref 1928___________ M&N Ref g 4s 1934opt to 1911--A& 0 86 8634 Daws Ry & C’l— See El Paso & S W 73 434s Jan 1933___________ J&J 10034 10054 Dayton & Mich— See C H & D 4s refunding Mar 1927 -M&S 77 534% notes 1926_________ J&D 5% notes 1929-.................. J&J 9934 9954 Dayton Union 4s 1949 _____J&J 4s refunding 1927_______ A&O 77 85 87 5% notes 1929 - _______ M&S 9934 9954 Dei & Bound Br 334s '55__ F&A 4s Jan 1928- _________ J&J 75 80 98 414% notes 1928________ F&A 9934 Delaware & Hudson—• Flint & Pere Marq— See Pere M Eq tr 6s Jan 15 1926-35-J&J15 b 5.40 5.25% Flo Cen & Pen— See Seab Air L Conv 5s 1935 - - - - - A&O 10434 105 Eq tr 5s 1925-38 (s-a)____J&D b 5.10 4.85% 1st & ref gold 4s 1943 __ M&N 89 54 9234 9034 Florida East Coast 434s '59 J&D 9334 Eq tr 5s Oct '25-’34 (s-a) - .A&O b 5.10 4.85% 1st & ref 5s 1974________ M&S 7% sec g bonds 1930 - - J&D 10934 9334 94 Eq 434s 1926-July’27 (s-a).J&J b 4.80 4.40% Florida South— See Atl Coast L 15-yr g 534s M ay 1 '37- M&N 10234 103 Burl Cedar Rapids & North— 95 Eq tr 6s Jan 15 ’26-'35 J&J15 b 5.25 5% Florida West Shore 5s 1934--J&J Con 1st & coll tr 5s g '34. A&O 1005-8 10054 Florida Western & Northern Adirond 1st 434s '42 gu M&S Choctaw Oklahoma & Gulf— Albany & Susq 334 s gold 1946 1st M 7s M ay 15 '34 A.M&N15 137 13734 Consol gold 5s 1952____M&N 10034 101 Vs Fonda Johnstown & Gloversv— (conv before 1916) gu. A&O 81 8234 Choc & Memph 5s 1949__ J&J 100 101 86 Bluff Point Land Impt Co—• 1st cons r e fg g 434s 1947 J&J 8734 83 Peoria Ry Ter 4s '37 gu op _J&J 8434 Gen ref’g gold 4s 1950-J&J 83 65 1st mtge guar 4s 1940- J&J 85 71 R I A r & L a 434s 1934___ M&S 87 34 Registered_____________ 8754 63 Chateaugay Ore & Iron — 66 84 S tP & K O ShL434s '4 1 --F&A 8332 Guar gold 4s 1942 — J&J SO 1st cons ref 434 s '52 opt M&N 6434 6434 Keok & Des M — 1st 5s '23.A&O Rensselaer & Saratoga—■ Fort Dodge Des Moines & Sou— Certificates o f deposit. _____ / 84 1st 5s 1938____ - . . J&D 8534 86 34 11134 82 Stamped as to interest___ f 80 20 Utica Clin & Bing 5s '39--J& J 90 Ft Smith&West 1st g 4s '54 A&O Chic St L & N O—-See 111 Central Delaware Lack & Western— Fort SS Un Dept Det 4 34s’41 J&J 8934 Chic St L & Pitts— See Penn Co Morris & Essex 334s 2000 J&D 8034 Ft Worth & Dn C— See Col & S Chic St Paul Minn & Omaha— Ft Worth & Rio Gr 4s 1928 -J&J N Y Lack & Western—• 9334 9634 Cons 6s June 1 1930- - - J&D 10334 104 Fre Elk & M o Riv— See C&NW 1st & ref 5s 1973 ser A.M &N ___ Cons 6s red to 334s 1930--J&D 9254 1st & ref 434s '73 ser B.M&N 10034 Galv Har & San An— See So Pac Deb gold 5s Mar 1 1930--M&S 96 9434 Warren 1st refg 334s 2000-F&A Galv Houston & Henderson— 77 8034 96 9434 1st M 5s 1933 A&O 9234 95 Eq 6s 1926-35 (ann)___ J&J15 b 5.45 5.15% Denison & Pac Sub— See Tex & P Galveston Term 6s 1938 .M&S 99 Eq tr 7s 1926-31 series B .-J& J b 5.35 5.05% Denver & Rio Grande Western— Genesee River— See Erie R R — ___ North Wisconsin— 6s 1930-J&J 10134 Gen income 5s Aug. '55- M&N / 6034 99 100 6134 Gen & W yo 1st g 5s 1929--A&O Super Sh L 5s June 1930 M&S 99 Geor & Alabama—-See Seab A L 10234 Denver & Rio Grande— Chic Terre Haute & Southeast— 1st con g 4s 1936____J&J 8334 8334 Georgia Car & N— See Seab A L 87 1st & ref g 5s Dec 1 '60 opt.J&D 8634 88 Ga & Fla 1st g 5s 1956 - M&N / 37 1st con g 434s 1936 -_ J&J 8634 3834 80 Income mtge Dec 1 1960 - __ 7934 98 Improve’t gold 5s 1928-- J&D Geor Midland— See South’n Rv 9734 South Indiana 1st g 4s '51-F&A 7554 7654 Rib Gr June 1st gu 5s '39 J&D 94 95 Ga R R & Bkg ref 6s '5 1 .A&O 110 112 Chic Un Stat 1st 434s 1963--J&J 9234 92 54 Rio Gr So 1st g 4s '40 -J&J / 4s Jan 1 1947 ---.J & J 84 7% 534 1st M 5s 1963 series B ___ J&J 10034 10054 1st g 4s guar 1940 -J&J f Ga Sou & Fla 1st g 5s 1945-J&J 634 9934 9934 1st M 634s series C 1963--J&J 11754 11854 Rio Gr West 1st 4s '39__ J&J / 84 34 Deb 5s 1952______ _____ A&O 8534 8634 8834 Guar gold 5s 1944 - _____J&D 98 9854 1st cons g 4s 1949 op __ A&O / 74 Eq tr 434s '25-’39 s-a .-.M & N b 5% 4.80% 7434 Chicago & Western Indiana—■ Utah Fuel 1st 5s 1931--M&S 93 Gettysburg & Har 5s gu '26 A&O 96 Gen gold 6s Dec 1 1932__ Q-M 106 Denver & Salt Lake—• Gila Val Globe & Nor— See S P Consol gold guar 4s 1952__ J&J 7834 7854 1st 5s 1943 ctfs dep____M&N 30 33 Gr Rap Bel & Sag— See Pere Mar 1st & ref 534s 1962 A ____M&S 98 34 98 Grand Rap & Ind— See Penn RR Chic & West Mich— See Pere M Grand Trunk Pacific— Choc Okla & Gulf— See C R I & P 1st M 3s 1962___________ J&J 6834 6934 Cincinnati Hamilton & Dayton— 1st 4s Feb 25 '39 Alg gu.M &N 89 8834 General 5s gold 1942 __J&D 94 96 1st 4s Feb 15 '42 Alg gu M&N 8534 2d mtge gold 434 s 1937____J&J 9534 Gen 4s 1962 Can Gov guar. J&J 8434 8534 Dayton & Michigan 1st 5s 1911 Prairie Section 4s 1955 ..A & O 75 7334 98 9754 Ext at 434% to '31 op ’17.J&J Mountain Sec 4s 1955 __ A&O 75 7334 Lake Sup Div 4s 1955__ A&O 74 76 Chicago & Eastern Illinois— 1st consol 6s gold 1934____A&O Chic & I C R y— 1st 5s 1936. J&J Chic Grt W est^-lst 4s 1959-M&S Chic Ham & West 1st 6s '27-J&J Chic & I C Ry— See Chic & E 111 Chicago Indiana & Southern Ry Con mtge g 4s 1956 g u a r J & J Ind 111 & la 1st g 4s 1950--J&J Chicago Indianap & Louisville— Ref M g 6s 1947 series A__J&J Ref M g 5s 1947 series B__J&J Ref M g 4s 1947 series O .-J& J &Basis. / This price includes accrued int. k Last sale. /In London, m Dollars per 500 francs or £20. n Nominal, s Sale price, u Per £200, 32 RAILROAD BONDS N O T IC E .— A ll b o n d prlceB are B onds. Bid. Grand Trunk R y o f Canada— Sink fund g deb 7s ’40___A&O 11534 Deb g 6s Sept 1 1936____M&S 107 Eq tr 634s 1936 (ser F) F&A 109 Canada Atl 1st 4s 1955____J&J 75 Grand Trunk West 4s £ ’50—J&J 72 1st g gu 4s $ July 1 1950--J&J 80 Great Northern— Gen M 7s 1936 series A ..J & J 10934 1st & ref g 434s ’61 op ’41—J&J 89 h Gen M 534s 1952 ser B __ J&J 101 34 Gen M 5s 1973 series C ____J&J 93 34 Eq tr 434s 1926-1939 — M&S b 4.80 Eq tr 5s 1926-1938 (y r).-M & S b 5% Eq tr 6s Jan 15 ’26-’35.J&J 15 b 5.35 Western Fruit Express Eq5s June 15’26-’39(yr)_ J&D b 5.30 Great Northern Ry o f Canada— Cons 4s 1934 opt to 1914--A&O 87 34 Green Bay & West debt cetfs A — / 7734 Debt ctfs B ______________ / 1534 Greenbrier R y— See Ches & Ohio Greenwich & JohnsonvUle— 1st gold 4s 1924__________ J&J 80 Gulf, M obile & Northern— 1st 534s 1950 ser B _____A&O 10034 Gulf & Ship Island R R — 1st ref & term g 5s Feb ’ 52. J&J 100 Gulf Terminal o f Mobile— 80 1st mtge g 4s 1957 g u .- -.J & J Henderson Br— See Lou & Nash Hocking Valley Ry— 1st cons gold 434s 1999__ J&J 9034 5% notes 1926 - M&S 100 Eq' tr 5s 1926-1938 (ann)-A&O b 5.05 Eq tr 5s 1926-1939 (y r ).—J&J b 5.05 Eq tr 6s Jan 15 ’26-’35—J&J 15 b 5.40 Col & II V ext 4s 19 48---A&O 8634 Col & Tol 1st g 4s 1955--F&A 8434 Hollid Bed & Cumb— See Pa RR Housatonic— See N Y N H & H 96 Houston Belt & Term 5s ’37 J&J Houston E & W Tex— See Sou Pac Houston & Tex Cen— See Sou Pac Hudson & Manhattan— 90 1st gold 5s 1957 o p t _____F&A Adj inc up to 5% Feb ’57-A&O / 7534 82 1st M 434s 1957 c o n v .. .F& A N Y & Jer 1st g 5s ’32 opt.F & A 10034 Huntingdon & Broad Top— 80 1st M ext 6s Mar 31 ’40 A.A& O 75 2d M ext 6s 1940 Ser B F&A 35 3d M consol 5s Mar 31 ’4 0 .A&O Hutchinson & S— See A T & S F Illinois Central— 1st g 4s ’51 J&J 9034 81 1st gold 334s 1951________ J&J 81 Main L ext 1st g 334s ’ 51-A & 0 1st M £ 3s 1951_________ M&S 6434 1st M £ 4s 1 9 5 1 - _______ A&O If 84 Tr bonds £ 334s 1950 _____J&J If 76 Coll trust gold 4s 1952__ A&O 8634 Col tr L N O & T g 4s ’53-M&N 84 34 Ref mtge 5s 1955_______ M&N 10234 Ref g 4s 1955 opt 1918—M&N 8754 Pur lines 1st g 334s 1952—J&J 7834 Jt 1st ref M (I O & O S L & N O) 5s 1963 ser A ___ J&D 9934 Ser B (£100 & £200) ’6 3 .J&D If 98 Gold 534s Jan 1934______J&J 10234 Gold 634s July 1 1936- — J&J 11134 Eq tr 434s 1926__________ J&J b 4.50 Eq tr 434s 1925-1937 (yr) A&O b 4.95 Eq 5s N ov ’25-Nov ’27—M&N b 4.65 Eq tr 5s 1928-38 ser J __ M&N b 4.95 Eq tr 6s ’26-’35 (year)..J& J 15 b 5.25 Equip 634s 1926-1936-- M&S b 4.95 Equip 7s 1925-1935_____A&O b 4.95 Cairo Bridge 4s g 1950__ J&D 8434 Litch Div 1st g 3s 1951__ J&J 7234 78 Louisv Div 334s g 1953 — -J&J Omaha Div 1st 3s g 1951—F&A 7334 St Louis Div 334s g 1951--J&J 8034 St Louis Div 3s g 1951— TJ&J 7234 Sp’gfleld Div ext 334s ’51—J&J 78 34 Western lines g 4s 1951__ F&A 86 Chicago St Louis & N O— Con g 5s June 15 ’ 51-J&D 15 10254 Cong334s June 15’51 -J&D 15 7834 Mem Div 1st 4s 1951--J&D 85 8t Louis Alton & Ter Haute— St L South 1st g 4s ’31-M&S 9354 Oarb&Shaw 1st g 4s’23.M&S 9254 Ind B1 & Wn— See C C O & St L Indiana 111 & la— See Chic Ind So Ind & Louisv— See Ch Ind & L So Indianapolis Un 434s ’26__ M&N Gen & ref g 5s 1965 ser A --J& J 9934 Series B ___________________ 9934 Interboro-Met ISee Street & E Inter Rap Tranj Ry Securities Internat-Great North R y— 1st M g 6s 1952 series A __ J&J 102 34 Adj M 6s 1952 series A __ April 7334 72 Stamped___________________ 100 6% gold notes 1930____ M&S Internat Rys (Central America)— 77 1st M 5s 1972 o p t ............M&N 96 6% notes 1927________________ 86 6% notes 1936-----------------------Iowa Central— See Minn & St L la Minn & N W— See C & N W Jacksonv Ter 1st 5s gu '3 9 ..J&J 100 R ef & ext 6s 1967________ J&J 109 Jamestown Frank & Clearfield— 1st g 4s 1959 guar________ J&D 85 Jefferson— See Erie Joplin Union Station— 92 1st g 434s 1940 guar op.-M & N Eal Al & G R R — See L 8 & M S Kanaw & M ich— See Tol & O O Kanaw & W Va— See Tol & O C Kan City Ft Scott & Memphis— R ef g 4s 1936 guar----------- A&O 8434 Cons 6s 1928— _________ M&N 10234 Current R ir 1st 5s 1 9 2 7 ..A&O 9934 K O Mem & Bir 4s 1934--M&S 93 Income 5s Mar 1934..Sept 1 Assented____________ M&S 97*' Kan City & Mem R y & B— 1st 5s gold 1929_______ A&O 9934 b Basis. [V ol. 121. ‘an d in terest” except where marked “ t " a n d in c o m e a n d d e fa u lte d b o n d s . Ask. 116 10734 110 77 81 10934 8934 10134 9134 4.65% 4.75% 5.10% 5% 8934 79 15 34 10034 10334 82 91 10034 4.80% 4.80% 5.10% ____ ___ 9634 9034 7534 84 10034 ___ 45 9034 85 ____ 71 89 82 ___ 8434 10354 89 34 85 100 103 103 11134 4.15% 4.70% 4.40% 4.70% 5% 4.75% 4.75% 8934 74 82 ___ 83 9334 __ 9954 9934 7334 74 101 7734 99 — 8834 95 8434 103 34 10054 95 B onds 9834 — / This price Includes accrued Interest, Bid. Kansas City Clinton & Springf’d 1st 5s gold 1925 guar_____A&O 99 X Kansas City Mexico & Orient— 1st gold 4s 1951 (undep)_F&A 6% notes 1916 certifs___ A&O f . . . . Kansas City & Pac— See M K & T 70 Kan City Sou— 1st g 3s 1950. A&O R ef & impt 5s Apr 1 1950--J&J 9034 5.35 Eq tr 6s 1926-35 (year)__J&J15 Kansas City Terminal Ry— 85 1st g 4s 1960 opt 1930____J&J 634 % gold notes 1931____J&J 5)4 % gold notes 1926..M &N15 1013s 30 Kan Okla & Gulf ser A 6s ’3 7 .J&J 10 Inc 6s series B Jan 1949____Jan 5 Inc 6s series C Jan 1949____Jan Kentucky Central— See L & N Kentucky & Indiana Term R R 80 1st M 434s 1961 (sterling)-J&J 85 Stamped___________________ Keokuk & Des M — See O R I & P Knoxv & Ohio— See Southern Ry Lake Erie & Det Riv— See Pere M Lake Erie & Western— 1st gold 5s Jan 1 1937_____J&J 9934 95 2d gold 5s July 1 1941____J&J 89 Nor Ohio 1st gu 5s g 1945-A&0 L S & M ich So— See N Y O & H R Leh & Lake Erie— See Lehigh Val Lehigh & New England—• 1st M gold 5s 1945________ J&J 10134 Gen mtge gold 5s 1954____J&J 10034 5.30 Equip trust 434s 1925-1931-Var Lehigh Valley Harbor Term R y— 1st mtge 5s 1954_________ F&A 10234 Lehigh Valley— 92 1st 6s ext gold 4s 1948____J&D Con M 6s annregirred____J&D 125 9534 Con M 434s ann irred____J&D 8034 Gen cons gold 4s 2003____M&N 9034 Gen con gold 434s 2003— -M&N Gen con gold 5s 2003_____M&N 100 4.75 Coll tr 4s Aug ’25-Feb '26.F&A Lehigh & Lake Erie— 90 1st 434s 1957 guar_____M&S 8334 Lehigh & N Y 1st 4s 1945.M&S Lehigh Valley Coal— 9934 1st 5s gold guar 1933____J&J 1st 40-year guar int red to 91 4% 1933_____________ J&J Lehigh Valley R y o f New York 9534 1st 434s gold 1940______ J&J Lehigh Vail Term 5s 1941-A&O 10234 Middlesex Val 1st 5s ’4 2 --M&N 101 Pa & N Y Canal con 5s ’39. A&O 101 96 Cons mtge 434s 1939__ A&O 9134 Cons mtge 4s 1939____A&O Lehigh & Wilkes— See Cent N J Lex & East— See Louisv & Nashv 89 Litchfield & M ad 1st 5s '34.M &N 84 Little Miami guar 4s 1962.-M &N Little Rock & Hot Spr West R y— 81 1st gold 4s 1939 guar______ J&J 83 Long Island— Unified g 4s’49M&S 8234 Refunding g gu 4s 1949__ M&S Tax-exempt New Y ork_____ 1st cons f 5s July 1 1931__ Q-J 10034 9334 1st cons g 4s July 1 1931__ Q-J 8934 Gen mtge gold 4s 1938____J&D 9034 4s gold 1932_______ J&D 9734 Debenture gold 5s 1934__ J&D 9034 Debenture gold 5s 1937—M&N 5.40 Equip tr 5s 1926-39 (y r)_.A & 0 5.60 Equit tr 6s 1926-32 (yr)_F&A 99 Montauk Ext 5s 1945_____J&J 99 Brook & M on 2d 5s 1938-J&D 99 L I City & F con 5s 1937.M&N 99 N Y Bay Ext R ls5 5s g ’43 -J&J New York Bklyn & Manh Uch 9934 1st gold 5s 1935_______ A&O N Y & R B 1st g 5s 1927--M &S 100 North Shore Branch— 9834 1st cons 5s g Oct 1 1932—Q-J Louisiana & Arkansas R y— 1st s f gold 5s 1927_______ M&S 100 Louisiana & North Western— 40 1st M gold 5s 1935_______ A&O Louisv Cine & Lex— See Lou & N Louisville Henderson & St Louis— 99 1st mtge gold 5s 1946_____J&J Louisville & Jeffersonville Bridge 8434 Guaranteed gold 4s 1945_M&S Louisville & Nashville— 5(Lyear gold 5s 1937_____ M&N 103 9334 Unified gold 4s 1940______ J&J 100h Coll trust gold 5s 1931__ M&N 7% g notes M ay 15 ’30-M&N15 107 34 1053-s 1st & ref 534s 2003 ser A _A&O 10134 1st & ref 5s 2003 ser B ____A&O 9334 1st & ref 434s 2003 series CS&O 4.85 Eq tr 434s 1925-37 (year).J&D Equip 634 s 1926-36 (year) .M&S ' 5% 5.25 E q t r 6s Jan 15 ’26-'35—J&J15 AW K & Cln Div 4s 1955.-M&N Atl Knox & Nor ls f4 s ’46-J&D 10234 Consol gold 4s 2002___ M&S 99 3t Lou C & Lex 434s g 1931-M&N N O M ob 1st gold 6s 1930--J&J 1033a 2d gold 6s 1930________ J&J 10334 8334 Pad & Mem Div 1st 4s ’46-F&A S E & St L Div 6s 1971— M&S 2d mtge 3s 1980_______ M&S Henderson Bdge 6s g 1931.M&S 105 8434 Kentucky Cent 4s g 1987_J&J 104 Lex & East 1st 5s 1965__ A&O L & N M ob&M ont 434s’45M&S 9734 Louisv & Nashv Southern Joint 84 gold 4s 1952___________J&J 84 L & N Term 1st g 4s ’52 gu J&D 9934 Nash F & S 1st gu g 5s ’37-F&A Newport & Cincinnati Bridge— 9434 1st M g 434s 1945 guar.-J&J S & N Ala cons M g 5s ’3 6 -F&A 102 Gen eons gu g 5s 1963.-A&O 100 Macon Dub & Sav 5s 1947—J&J 9834 Macon Terminal 5s 1965------J&J Mahoning Coal— See L S & M S k Last sale. I InJLondon Ask. 100 72 34 9034 5.05% 8534 10134 40 20 15 82 101 9634 90 B onds Bid Maine Central— 1st & ref 434s 1935_______ J&D 88 1st & ref 5s Dec 1935____J&D 93 Eur & N A gold 1933____J&J 91 Hereford Ry— G 4s '3 0 --M&N 87 Upper Coos 1st gu 4s '30.M&N 92 Upper Coos Ex 434s g '30.M&N 94 Washington Co R y 1st g gu 65 334s Jan 1954 op 1924.-J&J 62 Manila RR Sou Lines 4s ’39.M&N 4s ’39 ext 1959 (U S guar) 5954 Sinking fund g 7s 1937--M&N 106 Manitoba & S E— See Can Nor Manitoba S W Col 5s 1934—J&D 99 34 Marq Houghton & Ont 6s '25A&0 Extended to 1935_______ 100 M d Del & Va 5s 1955 gu____F&A / 40 Maryland & Pa 1st g 4s '51-M&S 76 Mason City & Ft Dodge— 1st M gold 4s 1955______ J&D / 54 Memphis Union Station Co— 1st g gu 5s N ov 1 '59____M&N 98 Merchants' Br— See Term R R 82 Meridian Term 4s '55 guar.M&N Mexican International— f :::: Sept 1 1914 coup on _______ Sept 1 1914 coupon o ff_____ Mexican North 1st 6s 1930.J&D 1 : : : : Mich Cent— See N Y C & H R 10134 Middlesex Valley— See Leh Val 5.15% Middletown & Unionville— 50 2d M adj inc 6s 1933____M&N 103 Midland o f N J— See Erie Midland Term 5s 1925_____J&D Midland Valley— 5s 1943— A&O 93” 127 Series B 8234 Millen & Southw— 5s 1955.-A&O / 60” 9134 Mil Lake Sh& West— See Chi & N W 10034 Milw & No— See Ch Milw & St P 4% Milw & Spart & N W— See Chic Min & Pac— See M St P & S S M Minn & St L— 1st 7s 1927_J&D 10234 57 1st consol gold 5s 1934__ M&N 8634 Certificates o f deposit______ 5634 21 1st refg gold 4s 1949____M&S 10034 R ef & ext 5s Feb ’62 ser A .Q -F 1434 1st gu g 7s 1927_________ J&D 100 Des M & Ft D 1st 4s '35—J&J 4834 Certificates o f deposit______ 47 97 Iowa Cent 1st g 5s 1938--J& D 5834 Certificates of deposit___ 5734 1st & ref g 4s 1951___ M&S 2034 Minn St P & Sault Ste Marie— 1st cons gold 4s 1938_____J&J 8534 1st cons gold 5s 1938_____J&J 96 2d M gold 4s guar 1949___J&J 93 Coll trust 634s 1931_____M&S 10334 1st ref 6s 1946 series A ____J&J 9934 25-year 534s 1949............. M&S 8434 5.35 Eq tr 7s 1926-1930 (year).J&D 8134 84 M S Ste M & Atl 4s 1926—J&J 9934 Minn & Pac 1st 4s 1936__ J&J 8334 M S tP& SSM & C entTerm R y— lstC h T ersf4 s’41 op ’ 16M&N 10134 9234 Minneapolis Term— See Wis Cent 93 9034 Mississippi Cent g 5s 1949__ J&J 9434 Missouri-Kansas-Tex R R — Prior lien 5s 1962 ser A ___ J&J 9334 97 34 Prior lien 4s 1962 ser B ___ J&J 7934 9034 Prior lien 6s 1932 ser C ___ J&J 5% 103 34 Adj M 5s Jan 1967 ser A ..A & O 5.20% 9034 M o Kan & Tex (old company)— 1st gold 4s 1990_________ J&D 8234 5.65 Eq tr 6s 1926-35 (year)_J&J15 Boonvllie RR Bridge— 1st g gu s f 4s 1951____M&N 80 Dal & Waco 1st gu 5s '4 0 -M&N Kan O & Pac 1st 4s g '9 0 --F&A 101 M o Kan & E 5s 1942 gu—A&O Missouri Kansas & Okla— 1st g gu 5s M ay 1 '4 2 .-M&N / M K & T o f T 1st 5s gu '42 M&S 113” 10034 x Sherman Shreveport & S— 1st M gu gold 5s 1943..J&D 50 30 S W Coal & Imp 1st 6s '29-J&J 90 Texas & Okla— 5s 1943.-M&S 65 100 Mo Pacific R R (new company)— 1st & ref 5s July 1926 O—F&A 100 1st & ref 5s Jan 1965 A __ F&A 8634 8634 1st & ref 6s 1949 ser D __ F&A 10034 1st & r e f 6s 1955 Ser E — M&N 10034 100 5% gold notes 1927______J&J 6% secured notes 1930___ M&S 100 10134 5.10 Equip trust 5s 1926-40 (yr)M&S 10534 M o Pacific (old company)— 105 Gen M 4s Mar 1975-_____M&S 6434 5.60 Equip 634s 1926-36 (year) -F&A 9334 5.60 4.70% Eq tr 6s Jan 15 '26-’35—J&J15 4.80% 3d 7s ext to July 1938 at 4 % __________ .M & N 5% 8534 Cent Br Un Pac 1st g 4s '48 J&D 7634 9034 Pac of M o 1st ex g 4s ’38-F&A 9034 2d ext 5s gold 1938_____J&J 96 St L R E 1st 5s 1938.-M&N 107 OardeletBr 1st 4 34s ’38-A&O St Louis Iron M t & Sou— 107 94 91 Unify & ref’g g 4s ’29__ J&J Gen con ry & 1 g 5s ’31-A&O 9934 Gen con stpd gu g 5s ’31 A&O 6334 Riv & Gulf Div 4s ’33—M&N 87' Verd Val I & W 1st 5s '26 M&S 100 8634 10534 Mobile & Birm— See Southern Ry 9834 Mobile & O— 1st g 6s 1927—J&D 103 1st exten 6s July 1927____Q-J Gen g 4s 1938____________M&S §6' 8434 85 Eq tr 5s 1926 ’38 (s-a)__ M&S • 5% 104 Eq tr 5s 1926-39 (year)____J&J 5% 99 Montgom Div g 5s 1947_F&A St Louis Div 5s 1927_____J&D 10034 St L & O 4s guar 1931____J&J 95 10434 1043-8 M o’k & Malone— See N Y O & H 87 Monongahela Sou 5s 1955--A&O M ont Cent— See St P M & M 99 M ont W yo & So 5s 1939__ M&S 60 Morris & Essex— See D L & W Nashville Chattanooga & St L— 1st consol gold 5s 1928__ A&O 10134 4.95 Eq tr 434s 1925-37 (year).A&O Nash Flor & Sheff— See L & N s Sale pries. n Nominal. Ask 90 95 ____ 90 95 97 68 69 60 107 10034 103 _ __ _ — 58 100 :::: ____ 94*" —— 10234 60 64 2134 15 4934 51 60 2134 8534 9634 10334 100 85 5.05% 100 ____ 94 9434 7934 10334 91 8234 5 35% 10034 8734 10034 100 100 34 101 4.90% 65 5.25% 5.25% 89 80 9134 100 95 100 8734' 104 104 4.80% 4.80% 9934 10134 9534 70 10234 4.75% A u g ., 1 9 2 5 .] NOTICE.— All b o n d prices are B onds. National Railways of Mexico— Prior lien g 4H s s f 1957--J&J Jan 1914 coupon on ________ July 1914 coupon on________ Assn’t July’24 coupon on ___ Gen mtge 4s 1977________ A&O April 1914 coupon o ff--------Gen 4s assent red'mble 1977__ 8% gold notes June 1915-J&D Nat RR o f Mex p 1 g 4H s '2 6 -J&J July 1914 coupon o n _________ Ass’nt with July '24 coupon 1st cons gold 4s 1951____ A&O April 1914 coupon o ff______ Ass’nt with Apr’24 coupon on Nebraska— See C B & Q New Eng R R — See N Y N H & H New Hav & No— See N Y NH & H N J Junction— See N Y Central New Jersey & New York— SeeErie New Lond Nor 1st 4s 1940— J&J New Mex Ry & O’l— See El Paso New Orl Gt Nor 1st 5s '5 5 --F&A New Orl & North East 6s 1915— Extended at 5% 1940-— M&N Ref & impt 434s ’52 ser A ..J & J New Orl Term 1st 4s 1953__ J&J New Orleans Texas & Mexico— 1st g 6s Oct 1925 series A-J&D Non-cum inc 5s Oct '35 series A 1st 5s 1954 series B ______ A&O 1st M 534s 1954 series A -.A & O Newp & Cin Bdge— See L & N Newp & Rich— See Conn & Pass N Y B & M Bch— See Long Island N Y Bay Ext RR — See Long Isl New York Central RR— Conv deb 6s 1935_______M&N Cons mtge 4s 1998 series A.F&A New York Central & Hud River— R ef’g g 334 s July 1 1997---J&J Deb g 4s 34 tax-exempt.M&N Deb 4s 1942 tax-exempt--J&J Ref & impt 434s 2013 A -.A & O Ref & impt 5s 2013 O__ A&O Eq tr 7s ’26-’35 (year)_A&OIJ Eg tr 6s Jan 15 ’26-’35--J& JU N Y C L eq 5s '26-’37 (yr) J&D N YC Lines eq 5s 1926-39. J&D N YC Lines eq 434s ’26-’28-J&J N YC L eq 434s’26-’37(yr) M&S N YC Lines eq 434 s Sept 15 1925 to 1939 (year)______M&S15 N YC R R eq 434s ’36-’32--J&J Bos & Alb eq 434s ’25-'27-A& 0 L S coll tr g 334 81998------F&A M O coll tr g 334s 1998— F&A Beech Cr 1st 4s g gu 1936--J&J 2d guar gold 4s 1936------J&J Beech Crk Ext 3 34s '51-A & 0 Cart & Adlr 1st 4s 1981--J&D Olf Bit C Co 1st g 4s '4 0 -J&J Gouv & Osw 1st 5s g 1942-J&D Lake Shore & Mich South— Con g ref 3 34s 1997____J&D Deb gold 4s 1928______ M&S Gold 4s 1931...............M & N Cleve Short L 4 H s '6 1 .-A&O K A & Gr R 1st 5s 1938-J&J Kal & W Pig’n g 4s ’4 0 .-J&J Mahon O RR 1st 5s 1934--J&J Merch Dispatch Transp Co— Eq tr 434s 1926 _______ J&J Michigan Central— 5s coup '31 D & B C div_M&S Deb gold 4s 1929______ A&O Equip 5s 1925-30 (y r).A & 0 Equip 6s 1926-32 (y r)..M & S 1st 5s Kal & S H 1939-M&N 1st mtge M Air L 4s '40-J&J 1st g 4s Jol & N Ind '57J&J10 1st g 334s J L & Sag '51-M&S 1st gold 334s 1952_____M&N BayC&BC 1st M g 3s’89J&D Bat C & S 1st gu g 3s’89.J&D Det R Tun 434s '61 gu.M&N Grand Riv Vail 4s '5 9 --M&S Tol Can Sou & D 4s '56-J&J Moh & Mai 4s 1991_____M&S Consol gold 334s 2002-.M&S N J June 1st 4s gu 1986--F&A N Y & Har 1st g 3 34s 2000 M&N N Y & Nor 1st g 5s 1927--A & 0 N Y & Put 1st 4s g 1993—A&O Pine Creek gu 6s 1932------J&D Pitts & Lake Erie 6s 1928-.J&J 5s Jan 1 1928......... A&O Eq tr 634s 1925-35(yr)-A&0 Pitts MCK & Y 6s 1932.J&J 2d 6s guar 1934--------- J&J St Lawr & Adirond 5s '96..J& J 2d gold 6s 1996_______ A&O West Shore 1st 4s 2361------J&J N Y C & St L 1st g 4s 1937--A&O 2d & impt 6s A B & O '31 -M&N Deb 4s M ay 1 1931_____M&N Ref 534s 1974 ser A _____A&O New York Connecting R R — 1st M 434s 1953_________ F&A N Y & Gr’wood Lake— See Erie N Y & Har— See N Y O & H R N Y & Jersey— See Hud & Manh N Y Lack & West— See D L & W N Y L E & W O R R — See Erie N Y & Long Br— See Cent o f N J N Y New Haven & Hartford— Deb 6s Jan 15 '48 conv_J&J15 Deb 4s M ay 1 1957_____M&N Deb 4s July 1 '55 non-conv_ J&J Deb 4s 1956 non-conv__ M&N Deb 4s 1947 non-conv____M&S Deb 334s March 1947____M&S Deb 3 34s 1954 Don-conv_.A&0 Deb 334s 1956 conv---------J&J 15-yr secured 6s 1940— A&O Bos & N Y A L 1st 4s g '55 F&A Cent New Eng 4s 1961____J&J Dutchess Co 434s 1940-J&D b Basis. Bid. Ask. 13 1434 1334 1434 26” 27 ii” 1234 82 6534 6634 88 8134 90 8234 100 Vs 96 9934 9934 10034 9634 10034 100 10834 8434 10834 8534 7734 9334 91 9034 10034 5 /« 5.25 4.90 4.90 4.00 4.85 7734 9334 9134 10034 4.80% 5% 4.75% 4.75% 4.25% 4.70% 4.90 4.70% 4.90 4.70% 4.50 4.25% 76 ‘A 7634 7734 7734 93 9534 9634 7734 7934 81 87 7634 9934 80 9834 9634 100 9834 9634 98 10034 105 103 10334 5% 4.60% 10034 97 34 5.30 5.30 9734 5% 5% 9034 7734 78 8534 6034 9134' 64 34 9234 8534 8834 8334 80 10034 85 i-4 10534 86” 10034 5.10 4.85% 10634 103 9134 104 102 X 83 82 34 92 34 9234 95 9434 10234 10234 96 9634 9134 9034 5734 6134 6134 6434 5734 5234' 95 68 6534 80 R A IL R O A D 9134 9034 59 34 6234 62 6034 5134 5634 9534 70 6634 33 Bid. B onds N Y N H & Hartf (Concl)— Danb & Norwalk 4s 1955--J&D Gen 5s Apr 1 1925_____A&O Harl R & Portch 4s ’5 4 .-M&N Housatonic con 5s 1937—M&N Naugatuck 1st 4s 1954.-M&N New Eng cons 4s ’45 gU-.J&J Consol g 5s July 1 1945-J&J N Y & NE Bos Ter 4s’39 A&O N Hav & North 4s ’56 gu.J&D N Y Prov & Bos 4s ’42__ A&O N Y Westchester & Bos R y— 1st M g 434s 1946 gu__ J&J Prov Sec deb 4s 1957 gu—M&N Prov Ter 1st g 4s gu ’5 6 --M&S N Y & Nor— See N Y C & H R New York Ontario & Western— R ef 1st g 4s June 1992____M&S Registered $5,000 only______ Gen M g 4s 1955 red_____J&D Eq 434s Mar ’26-Mar ’28 M&S N Y Phila & Nor— 1st g 4s ’39J&J Income 4s Jan 1 1939____M&N Stock trust ctfs 4s 1948--J&D N Y Prov & B— See N Y N H & H N Y & Putnam— See N Y C & HR N Y & Rockaway B— See L ’g Isld N Y Susq & W— See Erie N Y West & B— See N Y N H & H Nord Ry s f 634s 1950_____A&O Norf & Caro— See Atl Coast Line Norfolk Southern— 1st & ref g 5s ’61 op ’ 15__ F&A N orf & Sou 1st 5s 1941-.-M & N 1st gen g 5s 1954 op t__ J&J Ral & Cape F 1st 5s ’43_M&S Ral & Southp con 5s ’6 5 --J&D Suffolk & Car con 5s ’5 2 .-J&J Norfolk Ter 1st gu 4s ’61__ M&N Norf & West gen 6s 1931--M&N Imp & exten 6s 1934_____F&A New River 1st 6s 1932___ A&O N & W Ry 1st con 4s ’9 6 --A&O Div 1st lien & gen g 4s July 1 1944 opt Jan 1 1929__ J&J Conv 6% Sept 1929____ M&S N & W Pocahontas 4s ’41-J&D Eq tr 434s 1926-’32 (yr) -M&N Eq tr 434s 1927-’31 (y r)„F & A Eq tr 434s 1929-’32 (yr)__A&0 Scioto Val & N E 1st 4s’89M&N No & So Car— See Car Atl & West N ’east of S O— See Atl C L of S C Northern Cal Ry— See So Pac Northern Central— Gen & ref 5s 1974 ser A _M&S Northern Ohio— See L E & West Northern Pacific— Prior lien g 4s Jan 1997____Q-J Gen lien g 3s Jan 2047__ Q-F Ref & imp 434s 2047 ser A.J&J Ref & imp 6s 2047 ser B __ J&J Ref & imp 5s 2047 ser C-.J&.) Ref & Imp 5s 2047 ser D ..J & J Eq tr 434s ’25-’32 (yr) — F&AU Eq tr 7s 1925-’30 (yr).M&N15 St P & D Div g 4s 1996--J&D Wash Cent 4s Mar 1948—Q-M St Paul & Dul 1st 5s ’31_F&A 1st consol g 4s 1968__ J&D Dul Union Dep 5s ’3 0 --A&O No Pac Ter Co— 1st 6s ’3 3 --J&J North Ry o f Cal— See Sou Pac North Penna ext’d 4s ’36__ M&N Gen g 3 3-10s 1953_______ J&J Northw Term g 5s 1926 gu.-J&J Norwich & Wor— 4s 1927--M&S Ogd’bu & L Cham— See Rutland Ohio Connecting— See Penn RR Ohio I & W— See O O C & St L Ohio River— See Balt & Ohio Old Colony 4s Dec 1925____J&D 4s Jan 1938______________ J&J 3 34s July 1 1932.................J&J 1st M 534s 1944..............F & A OregoD & California— See So Pac Oregon-Wash RR & Nav— 1st & ref g gu 4s ’61 op t__ J&J Ore RR & Nav cons 4s ’46 J&D Oregon Short Line— See Un Pac Pacific Coast Co— See Misc Bonds Paducah & 111 1st 434 s ’55__ J&J Pan American 1st 5s ’34 opt-J&J Paris-Lyons-Mediterranean R R — Ext s f 6s 1958................F&A15 S f extl 7s 1958 _______ M&S 15 Paris-Orleans ext’l 7s 1954--M&S Paulista Ry lst7s’42 ser A M&S15 Pennsylvania R R — Con M 4s gold 1943_____M&N do 4s gold 1948______ M&N do 4s gold 1948 sterling____ stamped dollar bonds__ do 434s g 1960----------- F&A Gen g 434s 1965________ J&D Gen g 5s Dec 1 1968_____J&D 10-year gold 7s Apr 1 ’30--A&O 15-yr 634s Feb 1 1936___ F&A 40-yr 5s 1964____________M&N Con M 3 34s g £ 1945______ J&J Eq tr 6s Jan 15 ’26-’35--J&J15 Eq tr 5s Mar 1926-’38---M & S Gen equip 5s 1925-’39 (yr) A&O Eq tr 434s 1925-’39 (y r )..A & 0 Aleg Val gen 4s 1942_____M&S Balt Ches & Atl 1st g5s’34 M&S Belvidere Del gu 4s 1927_F&A 1st g gu 334s 1943--------- J&J Cin Leb & Nor 4s 1942---M & N Clev & Marietta 434 s '35 M&N Cleveland & Pittsburgh— Ser A 434s gen gtd 1942-J&J Ser B 434s gen gtd '4 2 ..A&O Int red to 3 34 % ---------------Ser O 334sgen gtd '48--M & N Ser D 3 3is gen gtd '50__F&A / This price includes accrued Interest, BON DS ‘and Interest” except where marked " t " an d incom e an d d efau lted bon ds. k Last sale. I In London, Ask. 90 83 34 9434 7334 81 9434 84xs 84 9534 8334 96 8634 6834 54 34 8134 6834 60 85 68 6834 6234 6334 4.75 4.40% 90 92 7534 8534 8634 82 8234 80 96 89 85 8234 9731 9034 88 85 10834 107 10734 107 M 89 91 89 8834 131 132 9034 9134 4.80 4.60% 4.80 4.60% 4.80 4.60% 8834 10134 10234 8334 6031 84 61 8534 106 96 9634 4.75% 4.90% 10534 9534 9534 5% 5.10 84 10134 8434 80 109 92 75 30 9734 8834 8634 34 9934 8934 8934 10434 8134 89 82 90 9434 10 9834 25 7634 8434 8434 10034 77 85 8434 9434 9134 9234 9234 9934 9234 9234 10034 10034 10834 108 11034 11034 9734 9734 76 81 5.25 5% 4.85 4.70% 4.85 4.70% 4.80 4.65% 8934 9334 50 52 98 100 83 34 89 8734 96 96 96 83 8334 8334 n Nominal, 8534 8534 B onds. Pennsylvania RR (Concluded)— D Riv RR & B gu g 4s ’36-F&A Erie & Pittsburgh— Gen gu g 3 34s ser B ’40 J&J Series C 1940________ J&J Gr R & Ind ext 434s '41--J& J 2d 4s 1936--- ...............A&O Muskegon Div g 5s ’2 6 --J&J Holidaysburg Bedford & Cumb 1st M g 4s 1951 g u a r.. J&J Ohio Connecting 4s 1943-M&S Pennsylvania Company— Gu g 4s 1931 op 1921.-A& 0 Gu tr ctfs g 4s 1952__ M&N Gu tr ctfs g 334s 1937 -M&S Gu tr ctfs g 3 34s 1941. F&A Gu tr ctfs g 3 34s 19 4 2 ..J&D Gu tr ctfs g 334s 1944--J&D Ph Balt & Wash 4s ’43 , M&N Gen 5s 1974 series B .. __F&A Pitts Cin Chic & St Louis— Con g gu 434s ser A ’40-A&O do Ser B 1942__ A&O do Ser O 1 9 4 2 ...M&N do Ser I 1963 , F&A do 434s ser J '6 4 .M&N do 4s ser D 1945-M&N do 4s ser F 1953--J&D do 4s ser G 195?-M&N do 4s ser H 1960-F&A do 334s ser E ’ 49.F&A Gen M 5s 1970 ser A ..J & D Gen M 5s 1975 ser B -A&O C S tL & P itts Ist5sg'32-A & 0 Pitts Va & Char gu 4s '43-M&N Pitts Young & Ash 5s '27-M &N 1st gen 4s series A 1948-J&D 1st M 5s 1962 series B .F&A 1st gen 5s 1974 series C . J&D Sun & Lew 1st g 4s 1936--J&J Tol Wahl Valley & Ohio— 1st g gu 434s ’31 ser A .-J & J 1st g gu 434s ’33 ser B-.J&J 1st g gu 4s '42 ser O__ M&f Penn & N Y Canal— See Leh Va Pennsylvania & Northwestern— General 5s Jan 1 1930-J&Clearfield & Jeff 1st 6s '27-J& Peoria & East— See O C C & St 1 Peoria & N W— See Chic & N Y Peoria & Pekin Union Ry— 1st g 534s 1974 series A __ F&A Peoria Ry Term— See Ch R I & 1 Pere Marquette (New C o)— 1st g 5s July '56 ser A ____J&J 1st g 4s July ’ 56 ser B . -J&J Eq tr 6s Jan 15 ’26-’35--J&J U L E & Det Riv 434s '3 2 .-F&A Perkiomen 1st 5s '18 ext to ’38 Q-J 2d 5s 1918 ext to 1938- - Q-J Petersburg— See Atl Coast Line Phila & Balt Cent 4s 1951--M&N Phila Balt & Wash— See Penn RR Phila Harrisburg & Pittsburgh— 1st mtge gold 5s 1925___ A&O Phila Newt & N Y 3s 1942:-A&O Phila & Read— See Reading Co Phila Wilm & Balt 4s 1926--J&J Debenture g 4s 1932_____A&O Philippine Railway— 1st p 4s 1937 s f opt gu__ J&J Piedmont & Nor 1st 5s 1954-J&J Pine Creek— See N Y C & Hud Riv Pittsb Bessemer & Lake Erie— P S & L E 1st g 5s 1940 --A & O Cons 1st g 5s July 1 '4 3 .-J&J P B & L E con g 5s 1947--J&J Pitts Char & Youghiogheny— Gen mtge gtd 4s 1932__ A&O Pitts C C & St L— See Penn RR Pitts & L E— See N Y C & Hud Riv Pitts M cK & Yough— See N Y C Pitts Shaw & N— 1st g 5s ’49-F&A Gold 4s Feb 1 1952______ F&A 6% receivers’ ctfs 1927-- M&A Pittsburgh & Shawmut—■ 1st s f g 5s 1959 o p t . . __ J&D Pitts Sheri & L E— See P Bess & L E Pittsb Term RR & Coal— 1st g guar s f 5s 1942_____J&J W Side Belt 1st g 5s '37.M &S Pitts Va & Chas— See Penn RR Pitts & Western— See B & O Pittsb Youngs & Ash— See Pa RR Portland & Ogdensburg 1st M 434s 1928 guar____M&N Port & R Falls— 1st g 4s '26.M &N Debenture 4s Aug 1927_F&A Portl (Me) Term gu 4s ’61__J&J Guar 5s 1961________ J&J Port Reading— 1st gu 5s '41 __J&J Ports Gt F & Con— See Bo>- & Me Potomac Val— 1st gu 5s g ’4l_ J&J Princet & Northw— See Chic o* N W Prov Sec Co— See N Y N H & U Providence Term— See NYNH&H Prov & Wore— 1st 4s 1947- A&O Ral & Aug— See Seaboard Air L Ral & Cape Fear-See Norf Sou Ral & Charles— See Seab A L Raleigh & Gas— See Seab A L Ral & Southp— See Norfolk South Raleigh & S W— See Ches & Ohio Raritan River— 1st g 5s '39- J&J Reading Company— Gen gold 4s Jail 1 1997 - J&J Eq 434s Jan ’26-Jan '27--J& J Eq 5s (J&J) '26-’32 ser J..J& J Jer Cent g 4s '51 op ’0 6 --A&O Gen & ref 434s 199? ser A.J&J Atlantic City gu 4s 1951--J&J 1st M gold 534s 1929.-M&N W & N A tr ctfs 4s red 105-Q-M Phila & R— 2d 5s g 1933--A&0 Imp M ext g 4s 1947__ A&O Cons ext gold 4s 1937--M&S Term 5s g gu M ay 1 ’41-Q -F Del R Ter p m g 5s '42.M&N fix p mon g 5s 1942..J&J s Sale price, t Tax-exempt Bid. Ask. 9434 8454 8434 9134 8934 100 90 102 89 91 9634 8534 86 8334 8234 8034 9334 104 9634 94 9534 9534 95 H 8934 8934 8934 93 92 9834 9834 101 8854 100 34 8934 101 10034 9134 8634 87 84 8634 10634 97 9934 9854 9734 9734 90 99 101 102 99 100 96 b 9754 82 5.40 5 10% 97 9734 98 95 88 89 9934 74 78 98 94 99 4134 86 4134 88 102 3^8 95 f f f 4 -----60 8 5 70 f 50 70 94 96 96 77 9434 96 98 98 80 96 i OO 85 93 95 9434 b 4.75 4.50% 6 4.85 4.65% 9034 9234 Q4 9354 85 8934 101 79 101 91 93 9134 9334 10334 104^4 100 100 34 RAILROAD BONDS AND STOCKS [Vol. 121. N OTICE.— All b o n d prices are “ an d in terest” except where m arked “ f ” an d incom e an d d efau lted bon ds. B onds. Bid. Ask. Reading Company (Concluded)— 99 Wilm & No 1st 5s 1927-J&D Gen g 5s Aug 1 1932.-Q-F 100 Phila & Read Coal & Iron— 92 Coll s f g 4s ext '32 gu.F&A Renssel & Saratoga— See Del & H Richm & Danv— See Southern Ry Rich Fredericks!) & Potomac— Cons mtge 414s 1940.- . A&O 85 Equip 6s” Jan 15 '28-’35-J&J15 b 5.45 5% Rich & Mecklenburg— See So Ry Rich & Petersb— See Atl Coast L Richmond Term— 1st 5s 1952.J&J 9934 10114 Richmond-Washington Co— 92 Coll tr g gu 4s 1943 op t--J& D Rio Gr Juno—See Deny & Rio Gr Rio Grande Sou— See Deny & R G Rio Grande West— See D & R G Rock IsldFrisco Term— 5s ’27 J&J 99 24 10014 Rock Isl Ark & La— See C R I & P 86 Rutland— Con 424s 1941------J&J ____ Benn & Rutl 424s g ’ 27..M & N 73 24 Ogd & L Ch 1st g gu 4s ’4 8 .J&J 7414 Rutl Can 1st g gu 4s 1949-J&J 7334 7514 Eq tr 434s 1926-27 (yr).M &N b 5.50 5% St Clair Mad & St Louis Belt— 73 Alton Bridge 1st g 4s '5 1 .-J&J 75 75 St Clair Term 1st 5s 1932.--F & A 40 St Johns & L Cham— 5s ’44-M&S 60 St J & Gr Isl— 1st g 4s 1947--J&J 7724 81 St Lawr & Adir— See N Y Central St Louis A1 & T H— See 111 Cent St Louis Br— See Term RR Assn St L & Cairo— See Mobile & Ohio St L Iron M t & Sou— See M o Pac St L Mer Br Co— See Term R R St L Peo & N W— See C h & N W N W St L Rocky M t & P 5s 1955— See Misc C os.p. 44 St L South— See Illinois Central St Louis-San Fran (reorganized) Prior lien 4s 1950 series A ..J & J 75% 7554 90 Prior lien 5s 1950 series B ..J & J 9014 Prior lien 6s 1928 series C --J& J 10234 102 V« Prior lien 534 s '42 series D .J& J 9824 9954 92 Cum adj 6s July 1955 ------A&O 9214 Income mtge 6s July I9 6 0 .-Oct l 93 9314 Eq tr 6s Jan 15 ’26-’34--J&J15 b 5.45 5.15% Gen mtge gold 6s 1931------J&J 10334 10514 Gen mtge gold 5s 1931------J&J 10034 ____ Con mtge 4s July 1996------J&J St Louis Southwestern— 82 1st g 4s 1989....................M & N 8234 7234 2d g inc 4s N oy 1 9 8 9 - . ---- J&J 75 1st consol g 4s 1932--------- J&D 8934 8934 1st term & unif 5s 1952— J&J 8714 88 Eq tr 534s 1925-1939 (s-a) M&S b 5.25 5% Ce'nt Ark & Ea 1st 5s’40 op.J&J 9134 9234 89 Grays Pt Term g 5s 1947. J&D 88 Shrev Bdg & Ter 5s ’55 gu F&A StephenvN&STex 5s’40 op .J&J 9034 9134 St Paul Bridge & Terminal Ry— 101 1st M 6s 1929____________ J&J 10214 St Paul & Duluth— See Nor Pac St Paul East Gr Trk— See C&N W & N W St P & K C Sh L— See C R I & P R I & Pac St Paul Minn & Manitoba— 94 1st consol g 4s 1933______ J&J 9534 109 1st consol g 6s 1933 - — J&J 107 98 Vs 1st cons red to 434s g 1933.J&J 9914 921-s Montana ext 1st 4s 1937 J&D 94 Pacific Ext 1st 4s £ 1940.-J&J 87 >4 8934 Eastern Ry of Minnesota— 90 Nor Div 1st g 4s 1948--A&O Mont Cent 1st gd 6s 1937-J&J 110 113 1st guar gold 5s 1937____J&J 10114 104 Wil & S F 1st 5s g 19 38---J&D 10114 104 St Paul & Nor Pac— See Nor Pac St Paul Union Depot— 1st & ref 5s 19712_________ J&J 10114 10154 Salt Lake City Un Dep & R R — 93 1st M 5s 1938___________ M&N 96 San Ant & Aran Pass— See SoPac San Fr & S Jo Val— See A T & SFe San Fran Term— See Sou Pacific Santa Fe Pres & Ph— See AT&SFe Sault Ste Marie Bridge— 1st M s f 5s July 1 1937.-J&J Sav Fla & W— See Atl Coast Line Sav & States— 1st g gu 5s '53.J&J 65 Schenectady & Duanesburg— 1st guar 6s 1924_________ M&S Scioto Vail & N E— See Norf & W Seab Air Line— 1st g 4s 1950-A&O 7834 Stamped___________ - -78 7754 Adj mtge 5s Oct 1 1949--F&A 85 8514 R ef gold 4s 1959 o p t .. ..A & O 7114 7154 1st & cons 6s 1945 ser A -M&S 9334 9454 Equip trust 6s 1925-27— J&D b 5.60 5.25% Equip tr 6s (s-a) 1926-37-F&A b 5.60 5.25% Atlanta-Birmingham Div— 1st g 4s M ay 1 1933------M&S 89 8834 Caro Cent 1st g gu 4s ’4 9 .-J&J 8214 8114 Florida Central & Peninsula— 1st 1 g ext 5s gold 1930.-J&J 9934 100 1st cons 5s gold 1943 --J& J 9934 100 Sou Bound 1st g 5s '41 A&O 95 9514 Georgia & Ala 5s Oct '4 5 --J&J 9414 95 It Ga & Ala Term 1st g 5s’48.J&D 94 Ga Caro & N — 1st 5s g '29-J&J 9934 10034 Ral & Augusta— 1st 6s ’26.J&J 10014 101 50 Ral & Charleston 4s 1956 F&A 50 Consol 4s 1956________ F&A 97 Seab & Roanoke— lst5s’26.J&J 100 10034 Seacoast RR of N J 5s '48. A&O 95 Sebast & Mooseh 1st 5s ’28-M&S Shamokin Sunbury & Lewisb’g— 2d 6s gold July 1 1925 ext at 5% to July 1 1945 J&J Sher Shrev & So— See M o K & T Shrev Bdg & Ter— See St L So W Sierra Ry o f California— 1st s f 6s g Apr 12 ’37-A&012 Sioux City & Pac— See Ch & N W Somerset R y 1st & ref 4s '55-J&J 1st M 4s July 2 1950_____J&J b Basis 67 70 72 75 B on d s. / This price includes accrued interest, Bid. So Caro & Ga— See Southern Ry South Bound— See Seaboard Air L So Indiana— See Ch T H & S E Southern 111 & M o Bridge Co— 75 1st M g 4s 1951.................M&N Southern P acific Co—■ Coll tr 4s (C P) Aug 1 ’49 J&D 84 24 C on vg4s June 1 ’ 29 op ’ 14 M&S 97 100 Conv g 5s 1934____- - - J&D 9824 Coll trust 5s 1944. ..M & N Equip 7s 1926-1935 (yr) J&D b 5% Equip 5s 1926-1939 (yr)..M & N b 4.85 Equip tr 5s 1928-38 (yr)__J&D b 4.85 Eq tr 434s 1928-40 (y r).-J & D b 4.85 Pacific Fruit Express equip 7s June 1 1926-1935 (yr)._J& D b 5.05 Aus & Nor 1st 5s g 1941 J&J 9934 Central Pacific— 1st ref 4s g guar 1949 -F&A 87 1st g guar 4s Oct 1 1954-A&0 8324 M 334s g gu Aug 1 1929 J&D 9634 72 m European loan 4s ’46-M&S Guar 35-year g 5s w i-.F & A 98 Galveston Harrisb & San An— Mex!& P D iv 1st 5s ’31-M&N 10024 9924 2d M 5s 1921 g u .- ..J & J Houston East & West Texas— 1st 5s g M ay 1 1933 --M & N 100 1st gu g 5s Mar 1933--M &N 100 Houston & Texas Central— 1st lien g 5s 1937- - - J&J 10024 Waco & N W Div 6 s g '3 M&N 102 ____ Nor Cal Ry g 5s 19 29---J&D No R y of Ca’ 5s g gu 1938-A&O Oregon & Cal 1st 5s 1927 J&J 10034 S A & At Pass g gu 4s’43- J&J 8124 San Fran Term 1st 4s 1950 A&O 8434 So Pacific Br 6s 1937 ..A & O 110 Southern Pacific R R Cal— 1st con g 5s gu 1937- -M&N 102 24 1st ref g 4s 1955 op 1910-J&J 8724 9424 So Pac Coast 1st g 4s 1937 J&J Texas & N O con 5s 1943--J&J 9634 93 Dallas Div 1st g 4s ’30-F&A Southern Railway— 1st consol gold 5s 1994------J&J 10234 Develop & gen M g 4s ’56-A & 0 7734 Develop & gen 6s 1956- -A&O 10624 Develop & gen 634s 1956 A&O 110 Eq tr 6s Jan 15 ’26-’35 J&J15 b 5.40 Eq tr 5s 1925-39 (s-a). _M&S b 5.05 Eq 434s N ov i5 ’25-’26 M&N15 b 4.50 Eq tr 434s Oct ’25-’39 (s-a)A&0 b 4.85 E Tenn reorg lien 5s 1938 M&S 10234 1st Mem Div g 5s 1996- -J&J 9924 St Louis Div 1st g 4s 1951-J&J 8624 70 Aiken Br 1st g 4s 1998- - J&J Atlanta & Charlotte Air Line— 97 24 1st M 434s 1944 ser A J&J 1st M 5s 1944 ser B_ -J&J 10234 76 Atl & Danville 1st 4s 1948 J&J 67 2d g 4s 1948___________ J&J Atl & Yad 1st gu g4s 1949-A&O 7624 E T Va & Ga— Div g 5s ’30 J&J Consol 1st g 5s 1956 -M&N 10224 67 GalMid 1st g 3s 1946-A&O L & N So joint g 4s— See L & N 99 M ob & Birm pr lien 5s ’45 J&J 9324 Small. ____ _______ 80 Gen M g 4s 1945_____ J&J 7524 Small____________________ Mobile & O coll tr 4s ’38.M &S Rich & Dan deb 5s stpd ’27 A&O 10034 Richmond & Mechlenburg— 74 1st g 4s N ov 1 1948 M&N So Caro & Ga 1st 534 s ’29 M&N 10124 Va Mid series E 5s 1926- M&S 100 24 Series F 5s 1931 __ M&S 10034 General 5s 1936-- __ M&N 10024 Va & Southwest 5s 2003--J&J 9724 92 1st con g 5s 1958 .A&O S & N Ala— See Louisv & Nashv South Pac Coast— See South Pac Spartan U & Col— See Ash & Spar Spokane Falls & Nor 6s '39- J&J 82 24 Spok Internat 1st g 5s 1955-J&J 97 State L & Sulliv 434s 1929-J&J Staten Island Ry— See Balt & Ohio Stephenv N & S Tex— See St L S W Suff & Carolina— See N orf & So Sunbury Hazleton & W -B— 99 1st 5s M ay 1 1928 ______ M&N 95 2d mtge iric 6s 1938 coup.M&N Sunburv & Lew— See Penn RR Sup Sh Line— See C St P M & Om Tampa & Jacksonville— 7 1st M 5s 1949 ctf d e p .. -A&O Tampa North 1st 5s ’36 op J&J 8524 Term RR Assn (St Louis) — 1st gold 434s 1939 - - ..A & O 9624 1st consol gold 5s 1944- -F&A 10034 ___ Gen ref s f g 4s ’53 op ’ lp . J&J 106 St L Br 1st g 7s 1929_____A&O St L Mer Brdge T —’5s '30 A&O 9924 Mer Brdge 6s ’29 op '09 F&A 102 Terre Haute & Peo 5s 1942 M&S 9824 75 Texas City Term 6s 1941-J&J26 Texas & New Orleans— See So Pac Texas & Okla— See M K & T Texas & Pac 1st 5s 2000____J&D 10024 2d inc g 5s Dec 2 0 0 0 - __ Mar / 90 Louisv Div 1st 5s 1931__ J&J 9924 Eq tr 5s 1925-’39 ___ M&N b 5.20 95 Denison & Pac Sub 1930.M&S Weatherford Min W & North— 9624 Tex Pac-Mo Pac Term R R — ____ 1st M g 534s 1964. - - -M&S Tol Can Sou & Det-—See M ich Cen Tol & Ohio Cent 1st 5s 1935- J&J 10024 West Div 1st 5s g 1935- -A&O 100 95 General gold 5s 1935 -J&D 82 St M ary’s Div 4s g 1951 - -F&A Eq tr 424s 1926-27 (y r)..J & J 6 4.5C 8124 Kana& Mich 1st 4s 1990- A&O 2d mtge gold 5s 1927__ J&J 10034 Eq tr 6s 1926-35 (yr)_J&J15 b 5.45 90 Kanawha & W Va 5s 1955 J&J k Last sale. I In London, Ask. 7924 8524 97 24 101 10024 4.80% 4.70% 4.70% 4.65% 4.85% 89 8724 9734 73 9824 10134 ___ 10024 83 85 ____ 8824 95 10224 7724 10624 11034 5.10% 4.80% 4.25% 4.65% ___ 10224 8724 103 103 7824 6824 7824 10024 10234 101 82 79 s 84 24 80 10224 10034 -- _ 101 9324 85 98 ____ ____ 15 8734 9724 8324 107 10034 103 100 82 102 10124 9924 5% 98 9724 99 24 10024 10124 99 4 35% 84 24 i 10324 5.20% £2 Bid. Bonds. Toledo Peoria & Western— 1st gold 4s July 1 1917____J&J Toledo St Louis & Westem— 1st gold 4s Apr 1 1950-- -A&O Tol Term 1st 4^4s ’57 gu__ M&N Tol Walh Val & O— See Penn RR Toronto Hamilton & Buffalo— 1st gold 4s June 1 1946 J&D Ulster & Del cons 5s 1928--J&D 1st ref gold 4s 1952______ A&O Union Pacific—• 1st ry & land gr 4s g 1947--J&J Conv 4s 1 9 2 7 .-................J & J 1st & ref 4s June 2008 __ M&S 1st & ref 5s June 2 2008 -M&S 10-year 6s July 1928____J&J Eq tr 4 24s 1928-38 (yr)--M & N b Eq 434s Mar 15 ’29-’39-M&S15 b Equip tr 5s 1927-37 (yr)--M &S b Equip tr 7s 1926-35 (yr)_.J&D b Ore R R & Nav— See Ore-Wash Ore Short Line 1st 5s 1946-J&J 1st cons guar 5s 1946__ J&J Ref g gu 4s ’29 opt ’0 7 --J&D Utah & Northern—• 1st 7s '08 ext at 4 % to’33-J&J Consol gold 5s 1926------J&J Union Terminal Co (Dallas)— 1st g 5s 1942 opt 1922____A&O United N J R R & Canal Co—■ General gold 4s 1929 ___M&S General gold 4s 1944 M&S Gen 1st g 334s Mar 1 ’51-M&S Upper Coos— See Maine Central Utah & Northern— See Union Pac Utica Clin & Bing— See Del & H Vandalia R R — Cong 4s 1955 series A ____F&A Series B 1957 ________ M&N Vera Cruz & Pacific R R — 1st gold 434s 1934 opt__ ..J & J / July 1914 coupon on ------- / 1st gold 424 s 1934 assenting— / Verdig Val Ind & West— See M oP Vermont Vail 1st 434s 1940--A&O Vicksburg Shreveport & Pacific— Pr lien 6s ' 15 ext 5 % '40 - -M &N Gen 5s M ay 1 1941__ M&N Ref & impt 6s 1973 ser A .M & N Virginia Midland— See South R y Va & Southwest— See South R y Virginian Railway—■ 1st M gold 5s 1962 op t— M&N Eq 6s A Oct’25-Apr’30 (s-a) A&O b Wabash— 1st gold 5s 1939--M&N 2d gold 5s 1939__________ F&A Deb mtge 6s series B 1939-J&J f 1st lien term gold 4s 1954--J&J R ef & gen 5 34s 1975 A ------M&S 6% notes 1930 __ __ - M&S Eq'tr 6s 1926-35 (year)__J&J15 b Det & Chic ext 1st g 5s ’41-J&J Des M Div 1st g 4s 1939--J&J Toledo & Chic 4s g 1941.-M&S Omaha Div 1st 334s g ’41-A & 0 Waco & N W— See Ho us & Tex C Warren R R — See D L & W Wash & Colum Riv 4s 1935--J&J Washington Cent— See Nor Pac Wash Co R y— See Maine Central Wash Term Co— 334s 1945--F&A 1st gold 4s 1945 guar___ F&A Washington & Vandemere— 1st 424 s 1947 ___________ F&A Weath’d Min W & N— See Tex&P West Jersey & Sea Shore— Consol gold 4s 1936 . . ..J & J Cons 324s g series B 1936--J&J West Maryland 4s 1952____A&O 5% gold notes 1915 op t__ J&J Balt & Harris g 5s 1936--M&N 1st M West Ext g 5s ’38 M&N West N Y & Penna 5s 1937--J&J Gen mtge gold 4s 1943__ A&O Income g 5s Apr 1943__ N ov 1 f Western Pacific R R Corp— 1st M 5s 1946 series A ___ M&S 1st M 6s 1946 series B ___ M&S 4% notes 1930__________ A&O Eq tr 534s 1925-38 (yr)__J&D b Western Pa— 1st g 4s 1928--J&D West R y o f Ala— 4 34s 1918 3xt at 6% to Oct 1 1928________ A&O West Shore— See N YC & H R RR West Side Belt— See Pitts Term West Va & Pittsb— See B & O Wheeling & Lake Erie R R — 1st consol gold 4s 1949__ M&S Ref M 4 24s series A 1966-M&S Eq tr 4s 1926-27 (year)__ A&O b L Erie Div 1st g 5s 1926--A&O Wheeling Div 1st g 5s '28-J&J Exten & impt g 5s 1930--F&A 6% notes Ja’n 1933_________ Wheeling Term 4s 1940-- --F& A Wichita Falls & Northwestern— 1st 5s Jan 1939 - - _____J&J } 1st & ref g 5s 1940 op t___ J&J J Wichita Union Terminal Ry— 1st g gu 434s 1941 op t__ M&N Wilkes-B & East— See N Y S & W Williamsport & N Branch R R — 1st ref gold 434s 1931_____J&J f Wilmar & S Falls— See St P M&M Wil & Nor— See Phila & Reading Wil & Weldon— See Atl Coast L Winston-Salem Southbound— 1st gold guar 4s 1960_____J&J Winston-Salem Terminal Co— 1st M gold 5s 1966-- - ..A & O Wis Cent Ry— 1st M g 4s '4 9 -J&J 1st & ref 4s 1959 _____A&O 524% g notes Apr 15 ’27A&015 Marshfield & South East Div pur mon 1st g 4s 1951--M&N Sup & Dul Div 4s 1936__ M&N Minneap Term 324s'50 opt. J&J WorNach&Roch— 4s Jan ’30-J&J 4s Oct 1 1934____________ A&O Yosemite Vail s f g 5s 1936-.J&J m Dollars per 500 francs or £20. n Nominal, Ask. 2924 31 85 24 8924 8624 91 8524 5334 8514 5324 9134 99 24 8124 103 103 24 4.75 4.80 4.75 5% 9124 9934 8424 10624 10324 4.50% 4.50% 4.50% 4.80% 104 103 972s 10124 103 24 9724 9324 10024 10024 99 9934 9734 9224 81 93 8724 87 24 ____ ____ ____ 72 10024 9634 106 98 9824 5.20 5% 101 24 10124 96 9624 ____ 8024 8024 96 24 9624 10024 101 5.40 5.20% 10124 86 86 89 7524 75 24 85 90 8324 8924 85 92 93 89 6524 — 99 99 10024 81 3524 82 46 93 10224 92 5.40 — 9324 103 v* 9224 5.10% ____ 95 __ 6524 ____ ____ 7724 7824 77 2t 78 5.10 4,75% 10024 101 9924 9724 97 100 88 90 1Z5 9U 9324 ____ 9524 70 8434 85 — 7824 73 10024 — 79 75 loo 24 80 8524 — 72 70 72 85 86 24 _______ . . __ 73 sSale price. A ug., 1925.] KAILROAD STOCKS—LAifJO BANK BONDS AND STOCKS U N OTICE.— A ll b o n d prices are "a n d Interest” except where marked ‘ f ” an d Incom e and defau lted b on ds. S to c k s. Par. Par. K A IL R O A D ST O C K S . Ala Great Southern com ____ . 50 P referred____________ __ — 50 Alabam a & Vicksburg (new) .1 0 0 Albany & Susquehanna (guar) 100 Allegheny & W est (guar)____ inn .1 0 0 Preferred — ____________ ion Atch Top & Santa F e ________ 100 Preferred _ - __________ ion Atlanta Birm & A tlan tic____ 100 Atlan & Char Air L (guar)___ -1 0 0 Atlanta & W est P oin t_______ too Atlantic Coast L Co o f C o n n . - 50 Atlantic Coast L R R com ___ .1 0 0 Atlantic 1st leased lines rent t r ___ Augusta & Savannah (guar). .1 0 0 Balt & Ohio— C om m on______ 100 Preferred - - __________ ion Bangor Aroostook c o m m o n .. . 50 P referred____ ____ ______ 100 Beech Creek (guar N Y C ) ___ . 50 Boston & A lb (guar N Y C ) . . -1 0 0 Boston & M ain e______________ 100 P referred___________________ 100 1st preferred A ____ ______ 100 1st preferred B ____________ 100 1st preferred C ____________ 100 1st preferred D ____________ 100 1st pref E _ . ___ 100 Bost & Prov (guar Old C ol) — -1 0 0 Boston R ev Beach & L y n n — .1 0 0 Brunswick Ter & R y Sec C o . .1 0 0 Buffalo Rcch & P ittsburgh. . .1 0 0 Preferred _________________ 100 B u ff & Susq R R C orp________ 100 Preferred . ___ ___________ 100 Cam den & Burl C o (guar)___ . 25 Canada S o u th e r n ___________ 100 Canadian Pacific______________ 100 Preferred ___ ______ 100 Caro Clinchfield & Ohio c o m . .1 0 0 Oatawissa R R — 1st pref (guar) 50 50 2d pref (guar P & R ) . Cayuga & Susq (gu D L & W ) - 30 Central o f N ew Jersey_______ 100 Chesapeake & Ohio com m on. .1 0 0 Com m on ctfs of deposit___ .1 0 0 100 6 % % cum pref Ser A 6 % % pref ctfs of deposit - - .1 0 0 Chicago & Alton R R - ____ .1 0 0 Bid. d d 74 78 104 202 105 32 55 120 96% 5% 176 155 d 180 d 1 70% U 80 99 75% 65% d 40% 87 d 39 1 60% 24% 26 30% 48 41 % 50 __ 179 4% 82 99 80 48 d 28 56% 141% Id 75 78% d 42% b 42% d 46 275 94 93 1 08% 105 4% 2 Preferred____ _______ ______ -1 0 0 8% Chicago Burl & Q u i n c y ____ inn Chic & East Illinois com m on .1 0 0 P referred___ - __________ Kill Chicago Great W est c o m . Kill Preferred — _______________ 10(1 Chic Ind & Louisv c om m on . . -1 0 0 P referred___________________ 100 Chicago M ilw & St P a u l____ 10(1 Preferred — . . — ------- Kill Chicago & N orth W e s t e r n ._ .1 0 0 Preferred __________ - — ..... Chic R I & Pacific c o m m o n .. .1 0 0 7 % preferred_______ _______ Kill Kill 6 % preferred ________ — Chicago St Paul M inn & O — -1 0 0 Com Cent Tr C o rets------Preferred - - - .1 0 0 Pref Cent T r C o rets. _ . Cine Indianap & W estern ___ -1 0 0 Kill Preferred . . . . Cine N ew Orl & Texas Pacific .1 0 0 Kill Preferred Cine Sandusky & Cleve pref. . 50 Gleve Cine Chicago & St L — -Kill Preferred ________ — Kill Cleve & Pitts (guar Pa R R ) . - 50 Betterm ’t stk (guar Pa R R ) 50 Colorado & Southern________ inn 1st preferred_______________ Kill 2d preferred ________ ______ Kill Colum bus & X enia (guar)___ . 50 Cripple Creek C entral_______ -1 0 0 178 35 45 11% 24% 70 63, 8% 15 66 107 45% 96% 84% 44 43 94 93 __ _ _ Ask. 77 80 205 107 33 57 120% 97 5% 179 185 171 83 101 76 66 42 92% 40 161 25 27 31 49 42 62 180 5 84% 100 90 53 29% 57% 141% 77 79% 44 44 48 280 95 110 5 10 8% 180 37 48 15 24% 74 66 8% 15% 66% 115 46 96% 85% 46 47 96 97 ____ 103 57 145 100 d 70% d 40% 57% 62 57 d 91 2 14 Cuba R R preferred.. _______ inn 80 D ayton & M ich com (guar) — - 50 d 35 Preferred (guar C H & D ) . - 50 d 84 Delaware & Bound Br (guar) -Kill 157, Delaware & Hudson ____ Kill 1 46% Delaware Lack & W estern— - 50 d 1 36% Delaware — ----- 25 d 3 8 % D env & Rio Gr W pref tem p. -Kill 39 D etroit Hills & S W (g u a r ).. .101) 76 Detroit & M ackinac__________ Kill 40 Preferred __________ ____ Kill 60 Duluth South Shore & A t l ___ -Kill 3 Preferred ____ __ ____ Kill 5 50 d 59 East Penna (guar P & R ) ------Elm ira & W ’msport (g u a r ).. . 50 d 40 Preferred (guar N or Cent) 50 d 52 Erie— Common . ____________ 100 28% Com m on ctfs o f deposit----- -Kill 27% 1st preferred — Kill 37% 1st pref ctfs of deposit. . Kill 36% 2d preferred _ Kill 35 2d pref ctf o f deposit. Kill 34% Erie & Kalam azoo (guar)____ 50 d 77 Erie & Pitts (guar Pa R R ) ___ . 50 d 6 1 % Fonda Johns & G lo v c o m ___ -Kill 11 F t Dodge Des M & So c o m .. -Kill 20 Preferred _________________ loo 73 Ft W ayn e & Jack pref (guar) -10(1 105% Georgia R R & Bank Co ( ; u ) _ -Kill 207 Georgia Southern & Florida . -Kill 75 1st preferred . _ __________ 100 80 2d preferred- . . Kill 80 G reat Northern R y — Pref___ .1 0 0 68% Ore certificates ______(no par) d 28 Green B ay & W estern_______ Kill 73 G u lf M obile & N orth com ___ .in n 28 Preferred ________ _________ Kill 95 Hartford & Conn W estern___ .1 0 0 20 Hocking Valley— C o m m o n .. -ini) 133 Hudson & M an h attan _______ 1(111 32 P referred___________________ 1(10 70% H untingd & B road T o p v t c . - 50 d Preferred v t c ______________ 51) d Illinois C e n t r a l ______ — 10(1 114 Non-cum ul 6 % pref Ser A . .100 116 Leased lines (guar) _______ .1 0 0 76% Stk tr ctfs — See R R Securs C o . Int & Great N orth R y v t c . . .inn Internat. R ys (Cent A m ) com -100 29 Preferred___________________ inn X 6 3 % 1% Iowa C entral______________ — 10(1 Joliet & Chic (guar C & A ) . . .inn 128 K al Allegan & Gr R ap (gu) — .1 0 0 104 d 60 160 71% 41% 58% 63% 60 93 5 18 37 86 160 147% 137% 40 39% 79 3% 6 61 42 56 28% 37% 36 80 64 14 25 76 107% 212 90 69 29 78 29 97 23 140 32% 72 115 119% 79 30 65 3 132 107 b Basis, d Price per share, not per cent. S Ex-dividend, y Ex-rights. Par. S to c k s . Bid. K C F t Scott & M em phis R y Pref Cent Tr ctf dep s tp d . K O St L & Chic— Pref (gu ). Kansas C ity Southern_______ Preferred . __ _. Lackawanna R R o f N J _ inn 75 inn 100 32% inn inn 58 79 inn 50 d 7 5 % Preferred___________________ 5n d 100 Little M iam i original g u a r .. 5n d 93 Spec guar betterment stk . 50 d 41 Lit Schuyl N a v R R & Coal (gul 50 d 40 Louis & M o R iv pref (guar) inn 105 Louisv H end & St L c o m . . inn 145 P r e f e r r e d -____ ________ .1 0 0 80 114 Louisville & N ashville_______ inn M ahoning Coal R R . . ______ 50 d 815 Pref (guar L S & M S ) — _ 50 d 51 M aine C e n t r a l . ___ __ _ . . inn Preferred_ _______ _________ inn inn M ichigan C e n t r a l - ____ 525 M inehill & Schuyl H a v (gu) _ .. 50 d 50 2% Minneapolis & St Louis______ 100 32 Minneapolis S t P & S S M . . 100 Preferred. ________________ 100 54 60 4 % leased line ctfs . . . . _ .100 18% Mississippi C entral___________ .1 0 0 M o -K a n -T e x R R c o m ..( n o par) d 40 89% 100 P r eferred .. ___________ ion 34% M issouri Pacific c o m ___ __ 79% P r e fe r r e d ___ ______________ 100 M obile & Birm pref (guar) .1 0 0 70 M obile & Ohio— See Southern R y M orris & Essex (guar)______ . 50 d 7 9 % 142 N ash v Chatt & St Louis . . inn N ashv & Decatur (gu L & N ) . 25 d 38 4 National R ys o f M ex 1st pref .1 0 0 Second p r e f e r r e d .._______ Kill 1% 127 N ew London N orthern______ 100 9 N ew Orleans Great N o rth . . 100 120% N ew Orl Texas & M ex ico ___ .1 0 0 120 N Y Bkln & M a n B pref (gu) Kill 116% N ew Y o rk Central R R — .1 0 0 Dividend payable in London . Idtl 20 121 N Y Chic & St Louis com ___ .in n 1 20% Com m on ctfs of deposit___ -Kill 91% inn 6 % preferred 89% 6 % pref ctfs of deposit KID N Y & Harlem com & p f (gu) . 50 CZ 150 102 N Y Lack & W est (guar)___ -KID 33% N Y N ew Haven & H artf___ -Kill 26% N Y Ontario & W estern____ Kill 39% 100 131% Norfolk & Western R y ____ ion 79 10(1 142 N o Carolina (guar So R R ) . . .in n Northern Cent (guar Pa R R ) . 50 d 78 N orth ’n N H (guar B & M ) . -10(1 66% Northern Pacific R y _______ 100 N orth R R o f N J (guar Erie) .1 0 0 63 d Northern Securities Co stubs N orth Pennsylv (gu P & R ) . . 50 d 81 Ogden M ine R R (g u Cen N J) - l o o d 80 1 06% Old Colony (gu N Y N H & H ) . -10(1 Ontario & Q u eb e c.. _ - - - -100 Id 118 Oswego & Syrac ( g u D L & W ) 50 d 89 fin dx 4 5 % Pennsylvania R R ________ __ 114 Peoria & Bureau V al (gu ar). -10(1 16% Peoria & Eastern ----------- Kill Kill 65 Pere M arquette R y com - 64 Com m on ctfs o f deposit— .Kill 69 1(10 Preferred Kill 67 Preferred ctfs o f deposit 100 79 Prior preferred 77 Prior pref ctfs o f deposit. _ -Kill Phila Germ & Norris (guar). . 5(1 d 122 210 Phila & Trenton (gu Pa R R ) .Kill 50 Piedmont & Northern . - 100 Pittsburgh Bess & Lake E rie. . 50 d 29 5(1 d 59 Preferred85 Pitts Cine Chic & St L o u is .. -10(1 133% Pitts Ft W & Chic com (g u ). .Kill 140 Preferred (guar Penn R R ) . -Kill 50 d 137 Pittsburgh & Lake Erie . Pittsb M c K & Y ough (guar). _ 50 d 51 70% Pittsb & W est Va c o m m o n .. .Kill 140 Pitts Youngst & A sh t p r e f .. -1 0 0 Kill 153 Railroad Securities Co— 68 4 % 111 Cent stk ctf 1 9 5 2 . . . inno Reading C o m p a n y --------- - 6U d 8 4 % d 17% R ights. . --------------511 d 3 9 % 1st preferred___ ___________ 2d preferred.. . 5(1 d 41 120 Rensselaer & Saratoga (guar) -10(1 250 Rich Fred & Potom — C o m .. .10(1 246 Dividend obligations______ Kill 250 6 % guaranteed------------------- Kill 250 7 % guaranteed----- -------------- Kill 98 Kill Roch & Genesee Val R R — 96 Rom e & Clinton (gu D & H ) . -Kill Kill 54 Rutland preferred- ------------112 St Louis Bridge 1st p r e f .. . . Kill 55 Kill 2d preferred .. .. 89% St Loiiis-San Francisco R y . . -Kill 88 Pref stock series A _______ Kill 46% St Louis Southwestern----------- Kill 69 Preferred___________ - - - 10(1 96 Saratoga & Schenectady (gu) .1 0 0 34 Seaboard Air Line c o m m o n .. .1 0 0 43% Preferred----- ------------------------ 100 50 d 42 Sharon_______ - ---------------------98% Southern Pacific C o --------------- Kill 98% Southern R y com m on----------- 100 90% Preferred___________________ KID 74 M o b & Ohio stk tr ctfs dep .1 0 0 100 Southwestern o f Ga (g u a r ).. .1 0 0 47 % Texas & Pacific----------------------- KID 50 d 59 T roy & G r’bush (gu N Y C ) . 112 Tunnel R R of St L o u i s ------- Kill 1 40% Union Pacific— C om m on------- Kill 77 P r e fe r r e d ___ - . . . - Kill 201 United N J R R & Canal (gu) .1 0 0 119 Utica Chen & Susq Val (gu) .1 0 0 38 Utica Clinton & Binghamton .1 0 0 99 Valley R R (N Y ) (guar)------- Kill 94 Vermont & M ass (guar)------- 100 86 Vicksb Shrevep & Pac c o m .. -100 89 Preferred - - - ----------------- Kill ____ Virginian Railw ay----------------- 100 35% W abash R ailw ay______________ Kill 69% Kill Preferred A --------------------Kill 51 Preferred B . . . — _ W arren N J (guar D L & W) - .5 0 d 69 14% W estern M aryland R y c o m . .1 0 0 68 1st preferred _____________ Kill 22% 100 2d preferred____ — — 20 Western Pacific R R C orp— .100 Kill 73% Preferred . — ------------W est Jersey & Sea Sh— Com - 5 0 d 37 19 Wheeling & Lake Erie R y — .1 0 0 41% Preferred . . _______________ Kill Flat price, k Last sale. I In London, Ask. 105 33 59 81 77 95 43 41 113 160 88 115 840 53 35 93% 555 51% 3 37 58 62 20 40% 90 34% 80% 72 81 149 40 5 2 130 12 121% 1 16% 122 125 ____ 92% ____ 155 33% 26% 40 132 85 146 80 80 66% 82 84 1 07% 123 90 46 116 18 65% 70% 80% ___ 124 220 53 30 60 134 141% 140 54 71 142 72 85 18% 40% 41% 123 250 ____ ____ 102 100 59 114 56% 89% 92 47% 71 100 34% 44 45 99 98% 91 76 103 48 62 115 1 40% 77% 203 120 40 101 ____ 89 92 100% 35% 69% 55 70 14% 71 23 20% 75 38 19% 42 n Nominal, Ask. Bid. B onds and Stocks. JOINT STOCK LAND BA NK Agricultural— 5s ’53 op ’33-M&N Atlanta— 5s 1952 op 1932.-J&D Atlantic— 5s 1953 op 1933..M&S 5s 1952 opt 1932______________ 5s 1954 op 1934___________J&J Bankers— 5s ’53 op ’28____J&J 5s M ay 1952 op 1932____M&N 4% s 1955 opt 1935_______ J&J California— 5s 1951 op 1931......... Central 111— 5s ’53 op ’3 3 ...J & D 5s July 1 1953 op 1933-..J& J Central Iowa— 5s Apr 1953— 5s M ay 1 1942 op 1927.-M&N 4% s Nov I ’52 op ’32____M&N Chicago Joint— 5% s ’51 op ’31 — 5s 1951 of 1931?._____ ..M & N 5s 1952 op 1932_________ M&N 5s 1963 op 1933______ 4% s 1952 op 1932............ M&N 4% s 1963 op 1933______ M&N 4% s 1952 op 1932_____ 4 1 9 6 4 opt 1934______ M&N Colo-W yo 5s 53 op ’33____A&O Columbus 5s 1955 opt 1934--J&J DacUaf ^ :5s 1953 °P 1933--.M &S 5s 1954 opt 1934___________ 5s 1965 opt 1935__ 5% s 1951 op 1931______ Dayton-Agricultural— 5s 1954 op 1934___________J&J Dayton— 1952 opt 1932____J&D Denver— 5s 1954 opt 1934_____ 5s 1955 opt 1935_____ Des Moines— 5s 1952 opt 1932— 5s 1963 opt 1933. First Carolinas— 5s’52op’32.M&N 5s 1954 opt 1934_______ A&O 5s 1955 opt 1935________ F&A 5s 1955 opt 1935_________ J&J First of Chey— 5s’52 op’32 M&N First of Clev— 5s ’53 op ’33-M&N First of Minn— 5s ’51 op ’31 M&N 5s 1952 opt 1927_______ M&N 5s 1952 opt 1932_______ M&N 5s 1953 opt 1933_______ M&N First of Montgomery 5s ’54 op ’34 First New Orl 5s ’44 op ’34 M&N First Texas— 5s ’42 opt ’32.M&N 5s 1943 opt 1933_______ M&N Fletcher 434 s 1954 opt 1934......... Fremont— 5s 1953 opt ’33-J&D 5s 1952 opt 1932_______ M&N 4% s 1965 opt 1975______J&D Greensboro (NO) 5s’53 op '33 A&O Greenbrier 5s 1964 opt 1934-A&O Ill-Midwest— 5s ’53 op ’33.A & 0 5s 1954 opt 1934_______ J&D 5s 1955 opt 19 35-.Kansas City— 5s ’52 op ’32-M&N 5s 1953 opt 1923----------- M&N 5s 1954 opt 1934. 5s 1964 opt 1934_____ I.M & N 5s 1964 opt 1934________ M&N Kentucky— 5s ’52 opt ’32 . _ .M&N 5s 1943 opt 1928__ 5s 1954 opt 1934.......... —J&J Liberty Cent— 5s ’52 op '32 M&N 5s 1953 opt 1933____ Lincoln— 5s 1951 opt 1931______ 5s 1943 opt 1928______ M&N 5s 1942 opt 1927______ M&N — . 4% s 1965 opt 1935_______ J&J Louisville— 5s 1952 opt 1932____ New York 5s 1953 opt 1933_____ 5s 1955 opt 1935_________ J&J N Y & N J 5s 1953 opt '33--J& D 5s 1954 opt 1934________ M&N 5s 1955 opt 1935________ J&D N Y & Pa— 5s ’53 opt '33. - -J&J No Caro— 5s ’53 opt ’33____ M&S 5s 1952 opt 1932______ M&N 5s 1955 opt 1935_______ F&A Ohio— 5s M ay 1953 opt 1933__ Ohio-Penna 5s 1954 opt 1934-J&J Ore-Wash— 5s ’52 opt '3 2 --M &N Pacific Coast Jt Stk Land Bk— Portland, Ore— 5s’53op’33 J&J 5s 1954 opt 1934_____ M&N 5s 1955 opt 1935___________ Los Angeles— 5s '53 op ’33 J&J San Fran— 5s ’53 opt ’33__ J&J Salt Lake C— 5s ’53 op ’33-J&J Pennsylvania 1955 opt 1935-F&A Potomac 5s 1954 opt 1934--J&D St Louis— 5s 1953 opt ’33—J&D 5s 1952 opt 1932_______ M&N 5s 1943 opt 1928_______ J&D 5s 1955 opt 1935________ M&S San Antonio 5s 1939 op ’24-M&N 5s 1953 opt 1933_______ M&N 5s 1953 opt 1933............. M&N 5s 1954 opt 1934________ M&N San Fran 5s 1954 opt 1934______ Sioux City— 5% s ’51 op ’31 M&N South Minn— 5s ’53 op ’33-M&N 5s 1952 opt 1932.............M&N 5s 1964 opt 1934______________ Union (Kentucky & Tennessee)— 5s 1952 opt 1932............M & N Virginia-Caro 5s ’54 opt ’34-F&A Virginian— 5s ’53 opt ’3 3 --M&N 5s Nov 1 1951 opt 1931—M&N Wichita— 5s 1953 opt 1933___ 5s 1952 opt 1932.................... B OND8 101% 102 102 101% 102% 100)4 102 % 101 101 102 102 102)4 100)4 101 104)4 102% 102% 103 101% 101% 100)4 101 101 102 102 102% 103 103% 101) 4 101 101% 101% 102 102% 101% 102% 102% lO l" 101 101 100% 102 102 101 101 100% 100% 100% 102 102 101% 101 102*' 103 103 102% 102% 103 103% 103% 101% 100% 102% 102% 102% 102 100% 100% 102" 102% 103" 103% 103" 102 102 102% 100% 102% 101 102% 102% 103 102 102 102 102 101% 102 102 100% 103 99% 101 101 101% 101% 103 102 102% 103 103 103 103% 102% 103% 101% 104 102 102% 103% 103% 103% 101% 102 105% 103% 103% 104 102% 102% 101% 102 102% 103% 103% 102% 104% 105 103% 102% 103% 103% 103% 104 103 103% 104 103% 102% 102% 101% 103% 103% 103 103 102 102% 101% 103% 103% 102% 103 103% 104" •104% 103% 104 104 104% 104% 103% 101% 103% 103% 103% 103% 101% 101% 101% 103% 103% 104% 104% 104% 104% 104% 103% 103 104 102 103 103 103% 103% 104 103% 103% 103% 104 103% 103% 103% 101% 104% 100% 102% 102% 103 102% 104% 103% 103% 104% 102 101% 101% 101 102% 102 103 103 103 103 103% 103 163 176 164% 130 151 116 125 140 169 151 135 115 128 165 7% 167 182 170 135 157 STOCKS Par Bankers o f M ilw aukee_______ 100 Chicago 1 0 % __________________100 Dallas 1 0 % .......... -.1 0 0 D enver 8 % ______________________ Des M oines 9 % _______________ 100 E quitable M a con M o 6 % _______ First Carolinas 8 % _______________ Freem ont 9 % ____________________ Kansas C ity 1 0 % _____________ 100 Lincoln 9 % ___________________ 100 N ew Y o r k ____________________ 100 N orth Carolina 4 % _______________ St L ou is__________________________ South M innesota 1 0 % ________100 Virginia 1 0 % ____________________ 5 s Sale price. I New stock, 136 145 175 157 122" 171 8% u Ex-stock divideo J PUBLIC U TILITIE S (Includes street and electric railways, gas, electric, power, water and telegraph and telephone companies.) NOTICE.— All bond prices are “ and interest' except where marked Bonds. Bid. Adirondack Elec Power Corp 99 1st M gold 5s 1962 o p t___ J&J Adirondack P & L 1st 6s '50 M&S 104 96 Deb 5s 1 9 3 0 -.-.......... J&J Conv deb 6s 1929_______ A&O 10144 99 Alabama Power 1st 5s 1946-M&S 1st M 1 & ref 6s 1951_____J&D 10344 96 1st & ref 5s 1951_________ J&D 96 Alabama Tr L & P 1st 5s '62 M&S 97 Alabama Water 1st 6s 1932-J&J 1st ref 6s 1947__________-J&J 9444 Albany R y— See United Trac. Albany Sou R R 1st 5s 1939-M&S All eg Bellev & P— See Phila Co Alt G & St L Tr— See E St L & S b Altoona & Logan Val Elec Ry— 84 Con g 444s 1933 gu------F&A15 American Gas deb 6s 2016--J&J 9944 Conv g 7s Jan 15 1928--J&J15 140 10-year 7s 1934__________ J&J 10344 93)4 Am Gas & El coll 5s 2007__ F&A 98 Deb gold 6s 2014________ M&N 9544 Am Pow & L deb 6s 2016__ M&S 9844 Amer Pub Serv 6s 1942____J&D 98 Amer Rys coll tr 5s 1931------F&A 9644 Amer Telep & Teleg 4s 1929-J&J 9444 Conv g 4s '36 conv aft '09-M&S 96^4 Conv 4H s '33 op aft '25--M&S Coll trust 5s 1946_______ J&D 10144 96 Deb s f 5s 1960__________ J&J 10244 Deb 5)4s N ov 1 1943---M & N 9544 Amer W W & El 5s 1934__ A&O 85 Americus Ltg 1st s f 6s '37-A & 0 Ana & Pot R R R — See W Ry&El 9744 Appalachian Power 5s 1941 .J& D 7% gold bonds Aug 1 '3 6 -F&A 106 93)4 Deb gold 6s 2024________ J&J 99 y2 Arizona Pow 6s '33 opt '13-M&N Arkansas L & P 1st 6s '4 5 --A&O 103 99 1st lien & ref 6s 1954_____M&S Ardmore St R y— See Phila Co Asheville (N C) Pow & Light— 99 1st s f g 5s 1942 op t______A&O Ashland (Wis) L, Pow & St Ry 93 1st M gold 5s 1939_______ J&J Ashtabula Water Supply Co 95 1st 5s 1937______________ J&D Associated Gas & Elec Co— Sec g 644s conv ser 1954--J&J 103 95 Sec g 6s 1955_____________J&J Deb 6)4s ser A perpetual __ Q-J 100 97 Deb 6 lA $ ser B perpetual--Q-J Deb 6)4s ser C perpetual __ Q-J 100 Atchison R y, Light & Power— 90 1st 5s N ov 1935_______M&N Athens (Ga) R y & Electric— 85 1st & ref s f g 5s '50 opt '15 J&J 99 Athens Elec Ry 6s 1931--A&O Atl Cons St R R — See Ga Ry & El 9844 Atlanta Gas L 5s g 1947___ J&D Atlanta Nor R y— See Ga Ry & El Atlantic Ave R R — See Bkn R T Atlantic City El 5s 1938---M & S 100 100 1st & ref 5)4s 1954____ -M&N Atlantic City (N J) Gas— 92 1st g 5s Jan 1 '60 opt '2 0 --J&J Auburn & Syracuse Elec R R — 20 1st & ref g 5s '42 opt '1 2 --A & 0 Augusta-Aiken Ry & El Corp— 87 Sink fd g 5s Dec 1 '35 opt .J&D 90 Augusta Ry & El 5s '4 0 --J&D Aurora Elgin & Chicago RR— 86 1st & ref g 5s 1946 op t____J&J 86)4 A E & C Ry 1st g 5s '41 .A&O 15 9944 Austin G L 5s Oct 1 1925— Q-J Salt & Ann S L— See M d El Ry Balt Elec 1st g 5s 1947 gU-.J&D 10044 B Sp Pt & Ches— See Un Ry & El Balt Traction— See Un Ry & El 97 Bangor (Me) Pow 5s 1931--M&S 95 Bangor Ry & El 1st 5s '35--J& J Bar Harbor & Un River Pr Co— 1st & ref g 5s 1935.............M&S '.Bay Counties Pow 5s 1930--M&S l6 6 "‘ 98 Beaumont G L 6s 1944_____J&D 45 Beaver Val Tr gen g 5s '53-M &N SBel! Telephone o f Canada— 9844 1st g 5s 1955 ser A _______ M&S Bell Telep Co o f Pennsylvania— 1st & ref 5s 1948 ser B ------J&J 10244 Beloit Water, Gas & Elec Co— 9744 1st g 5s 1937------- -------- -M&S Binghamton (N Y ) L H & P— 96 1st ref 5s Feb 1946--------- A&O — Blnghamt’n Ry 5s '31 op '11 M&N Birmingham Elec Co— 101 1st & ref 6s 1954________ A&O Birm Knox & Atl— See Phila Co Birmingham Ry Light & Power— 8844 Gen ref g 4H s '54 op '09--A& O Birmingham Water Works Co— 102 1st M 544s 1954 ser A ------A&O Blackstone Val G & E 5s '39-J&J 100 100 5% gold notes 1926------- M&N Bleecker St&FulFy— See N YRys Bloom Dec & Champaign— 82)4 l»t & ref 5s 1940________ M&N Bloomington & Normal Ry & L— 1st & gen m 5s 1928--------- J&J B1 & N Ry El & H 5s '27--J& D Blue Lakes Wat 1st 6s '3 8 --M&S 8744 Boston Elev Ry 4s 1935— M&N 90)4 Deb g 4)4s Oct 1 1937---A & 0 8844 Deb g 444s N ov 1941------M&N 93 >6 Deb g 5s Dec 1942______ J&D 96 West End St 5s 1932____ M&N 95 5s M ay 1936_________ M&N 93 44 5s March 1944_______ M&S 7s Sept 1947___________M&S 109 94 44 444s July 1 1930----------- J&J 9044 4s Aug 1 1932.................F&A 6)4s Feb 1927-------------F&A 10154 20 Bos & Wore St R y 444s '23--F& A Brevard Co (M d) Power— 93 1st s f 6s 1943--................. J&J 90 Bridgeport Gas Lt 4s 1952..J&J ) TUaJprice Includes accrued interest, Bonds. Ask. Bid. “t” and income and defaulted bonds. Ask. 1st M 5s 1944__________ J&D 100 105 10544 105 98 98 100 102)4 100 99 1st M 5s Mar 6 1938_____M&S 104)4 97 Gen & ref M 6s 1963_____A&O 106 107)4 9744 Bklyn City & New R R — See C I & Bk RR 100 96 Bklyn City RR 1st 5s 1941--J&J 9544 Eq tr 5s '26-’35 ser A -.J & J 15 9744 Brooklyn Edison Co—• Gen M 5s ser A 1949_____ J&J 101 10144 Gen M 6s ser B 1930_____ J&J 10444 104)4 Bklyn-Manhattan Transit Corp s f 6s 1968 ser A _________ J&J 89 44 89)4 85 98 Brooklyn Rap Tran 5s '4 5 --A&O 98 Equit Trust ctfs o f deposit. . 10044 1st ref gold 4s 2002_______ J&J 88 Ps 3-year 7% notes 1921_____ J&J 120 104)4 Cent Un Tr temp ctfs dep__ 120 99 111 Temp ctfs dep stamped__ — 80 Bklyn Hts 1st 5s 1941____A&O 9644 Brooklyn Queens Co & Sub— 9944 70 99 1st M g 5s 1941 (stpd).-J& J 8044 66 1st con 5s July '41 (stp)M&N 6444 9744 87 p8 Bklyn Un Elev 5s 1950---F& A 8444 9744 86 h 8444 Stamped guaranteed_______ 81 76 Vs Kings Co El 1st 4s 1949--F&A 10154 77 44 78)4 Stamped guaranteed_______ 9644 90 103 86 Nassau Elec 1st 5s 1944--A&O 61 Vs 9544 1st gold 4s Jan 1 1951 J&J 6044 90 Atlantic Av con 5s g '3 1 --A&O 9444 9344 92 88 Bklyn Batb & WE5s '33A&0 99 Bklyn Un Gas 1st cons 5s g '45 M&N 9844 100 1st lien & ref 6s '47 ser A.M &N 108 V8 110 94 Conv deb 7s 1932_______ M&N 13544 Bonds. Chicago City Ry 1st 5s '2 7 --F&A Chic North Shore & Milw R R — 1st mtge gold 5s 1936_____J&J 1st & ref 6s 1955 ser A ___ J&J Chicago & Oak Park Elec Ry— Lake St El 1st 5s 1928 gu-.J& J Chicago Railways Co— 1st M gold 5s 1927 opt.F& A Cons M 5s ser A Feb '2 7 --A&O Series B Feb 1927_____J&D Pur mon 4-5s Feb '27 opt.J&J Adj inc 4s Feb 1927 op t__ M ay Chicago Rapid Transit Co— 1st & ref 644s 1944______ J&J 1st & ref 6s 1953____________ Adjust deb 6s July 1953____ Chic Sou Bend & Nor Ind RR 1st gold 5s Jan 1 1937____J&J Chippewa Power 6s 1947__ J&D Chris & 10th Sts R r — Se e N Y R y s Cicero Gas— See Northw G L & Co Cincinnati Gas & Electric— 1st & ref 5s 1956 ser A __ A&O Pr 1 & ref M 5)4s Jan’61 B.A&O Cin Newport & Cov L & T— 1st ref 6s 1947 series A ____J&J So Cov & Cine 6s 1932____J&J Cities Service Co— Conv g deb 7s '66 ser B __ J&J Series O _________________ Series D _________________ Series E ____________________ Ref deb 6s Jan 1966_____M&N 2d s f 6s 1944 series A __ M&N itizens Gas (Indianapolis)— 1st & ref gold 5s 1942_____J&J 1st g 5s 1934 opt 1914__ M&N 105 101 10144 100)2 1st ref 5s April 1 1939----- J&J u ff & Niag Falls El L & Power— 1st gold 5s 1942_________ F&A 9944 — 95 i 98 | 1st s f gold 5s 1932 op t__ M&S 104 95)4 1 102 _____ iklfcas & Rlec Corp— 99 Sink fund g 5s 1933 opt-.M & S 102 Unif & nef g 5s '37 op s f-.M & N Cal Cent Gas & El 5s '31.F&A _____ alifornia-Oregon Power— 87 100 1st & ref 6s 1942 ser B ___ J&J 1st & ref 5 Ms 1955 seriesC_F&A Conv s f deb 7s 1944_____M&N .J&J 93 44 97 I 10044. 99 100 44 [ 11044 101)4 99 M 10444 1st & ref 744s ser A 194 1 -F & A 1st 544s 1954 series A . .J&D larion River Power Co— 1st M gold 644s 1947_____J&J ______ Gold deb 7s 1 9 4 1 -...........F&A Gen M 5s 1954 series A M&N 10044 1st & ref 544s 1960 ser B -.J & J alumet & South Chicago Ry— 1st M rehab g 5s '27 op '12F&A amden & Sub Ry— See P S Corp ______ 25 -M&N 90 Gen & con 5s 1954______M&S Cleve Berea & Ob 6s '5 4 .-M&S Cleve & Elyria 6s '54____M&S Cleve Elyria & W 6s 1954_____ Elyria & Oberlin 6s 1954______ 102)4 9944 105 98 9844 70 ______ 1st g 5s June 1 1947_____J&D 89 ______ — 99 97 99 10244 9844 97 45 10244 8944 10244 ___ __ 25 97 93 93 83 Cohv deb 7s 1935________ J&J lent Illinois Lt 1st 5s 1943-A&0 1st 6s 1943______________ A&O !entral Illinois Public Service— 1st & ref gold 5s 1952------F&A 1st & ref 6s 1944 series C__ J&J 1st & ref 544s 1950 Ser D _. J&D lent Indiana Gas 5s 1931--M&S Deb 6s 1925_____________M&N lentral Indiana Power Co— 1st & ref 6s 1947 ser A ____J&J 7% notes 1927__________ M&S lentral Iowa Power & Light— 1st M 6s 1944 ser A _____M&N Conv M 7s 1934 ser A ..-M & N lent Maine Pow 5s '39op '19 M&N 1st & gen M 7s 1941_____J&D 1st & gen 6s 1942-------------J&J lentral N Y G & E 5s 1941--J&J lentral Power Co— 1st M 6s 1944 ser C --------- J&D lentral Pow & Lt 6s 1946--A & 0 1st 1 & ref 644s 1952------- M&S Central Ry— SeeUn R y& E l (Balt) Central Traction— See Phila Co Charleston Cons R y, Gas & El— Consol gold 5s 1999____ M&S Ch’s’t ’n City Ry 1st g 5s 1923 Ext at 6% to Jan 1938--J&J Chattanooga Ry & Light— __ 1st & ref g 5s 1956 op '16-M&N Cbatt Rys 1st cons 5s '56 M&N Ches & Pot Tel 5s '29 op '0 9 -J&J Ches & Pot Tel of Va 5s '43-M&N Chicago Aurora & Elgin Corp— Deben 6s April 1972-------JJtJ Chicago Aurora & Elgin R R — R ef & imp 7s '47 ser A.A&O Chicago City & Connecting Ry coll tr s f g 5s Jan 1 1927-AAO it Last sale, n Nominal, 95 7544 56 3744 1644 7644 5644 38)4 43 19 9344 84 94)4 86 35 45 10144 10344 102 104 101 172 12444 10244 11244 91 125 10244 9144 9444 9444 96)4 98 44 Lt & T 9944) 10044 103 104 102 111 100 100)4 103 9844 30 99 22 63 63 63 63 21 02 62 62 62 9244 9444 95)4 10044 10044 100 100 9644 10044 101 100)4 10044 93 95 90 99 9844 67 9944 104 10044 105 1st & ref 5s June 1937________ 1st & ref 6s (stamped) 1937___ Conv deb 6s 1935 ser A __ A&O 87 96 97 95)4 9944 96)4 100 1st & ref 6s 1947 ser A ___ J&D 1st & ref 5s 1954 ser B ..M & N 103 94 99)4 9944 100 1st guar 5s 1935_________ J&D ol Lon & Spr Ry— See Ind C & E olumbus Newark & Zanesville— 1st gold 5s 1924_________ M&S Gen & ref gold 5s 1926__ M&N Col Buck Lake & New Trac 1st gold 5s 1921______M&N f Zanesv R, L & P 5s M ar'21 A&O 80 86 99 .100 entral C alif Trac 5s 1 9 3 6 --A & O Certificates______________________ 100 K ___ 55 — 1st & ref 6s 1953________ J&D atskill Power Corp— 1st 544s 1955 Ser A _____M&N edar Rap Mfg & P 5s '5 3 --J&J entral Ark Ry & Light Corp— 1st lien s f 5s 1928______M&S lolumbia G & E 1st 5s '2 7 --J&J Stamped___________________ Debenture 5s 1927_______ J&J 5% gold notes 1928______M&N lolumbia (S C) Ry, Gas & El Co 1st M s f g 5s 1936_______ J&J 41 91 98 78 93 Ext at 6% to 1933_______ A&O jn 10 98 67 f 96 44 9944 ______ ______ 101 101 75)4 101)4 95 99)4 87)4 9944 75 95 98 101 102 H 9844 103 99)4 103 44 91 100 98 97 44 100)4 93 ! 101 98 44 98)4 101)4 97)4 9844 99)4 10044 99 106)4 101 96 100)4 100 10744 103 98 99 101 100 100 102)4 10044 ______ 92 101 — 83)4 83)4 99)4 98)4 99)4 24 27 92 95 4644 48 r Canadian price. 1st ref & ext s f 5s 1940__ A&O Ref mtge gold 6s 1941____J&D Col Ry 1st 4s '39 opt '14--Q -J Col St Ry 1st 5s g 1931__ J&J Cross St 1st 5s g 1933--J&D Com’cial Cable— 4s g 2397 Q-J Commonwealth-Edison Co— 1st g 5s June 1 1943_____M&S 1st g 6s June 1 1943_____M&S 1st M 5s 1953_____________J&J 1st M col 5s 1954 ser B __ J&D Com’wealth El 5s June '43-M&S Com’w’th L & P 6s 1947__ M&N Sec 6s July 1926__________ J&J Commonwealth Power Corp— S f g 6s May 15 1947--M&N 15 Gen & ref 5s 1939_________ J&J Gen & ref 6s 1972 ser B __ J&J Community Power & Light— 1st coll tr 6s 1950 Ser A __ J&J Compt Hts & Mer Ter— See Un Conestoga Trac 1st 4s 1950--J&J Coney Is] & Bklyn R R 4s '48-J&J Consol gold 4s 1955______ J&J B C & N 1st cons 5s 1939.-J&J Conn Light & Power— 1st & ref s f 7s '51 ser A ..M & N 1st & ref 544s 1954 ser B ..F & A Connecticut Power 5s '6 3 --A&O 1st & coll trust 5s 1956____J&J 7% notes Dec 1926______ J&D Conn Ry & Lt 444s 1951___ J&J Stamped guaranteed optional Conn Ltg & Pow 5s ’39___ J&J Conn Riv Pow 1st 5s 1937--J&D Consolidated Cities L, P & Trlst lien 5s 1962 stamped__ J&J — 95" 99^4 9644 10344 80 94 94 72 97 44 104)4 81 95 95 76)4 102 110 100 100Ps 100 8844 98 P2 10244 111 10044 10044 101)4 93 100 10144 9144 9644 10144 93 98 9744 6844 62 78)4 112 10644 103)4 103)4 102 9044 9044 102 9944 8044 100 7244 82" 114 107 104 104 9144 9144 8144 PUBLIC UTILITY BONDS A do., 1925.] 37 NOTICE.— A ll b o n d prices are “ and in terest” except where marked “ f ” and incom e and d efau lted bonds. B onds. Bid. Ask. B onds. Bid. Ask. Bid. B onds. Ask. Consol Gas of Balt 5s 1939. J&J 101 93 % 102 Eastern Pa Rys 1st 5s 1936-.J&« 94)6 •Havana Elec R y, Light & Power Gen g 4% s Apr 1954___ A&O 96 93% 93)4 98 Gen M 5s 1954 series A ..M & S ' 93)6 94)4 Eastern Tex El Co 5s '42__ M&N Consol Gas, Elec Lt & P (Balt)— 97 Eastern Wisconsin Electric Co— Havana Elec Ry 5s 1952 F&A 95)6 91 Gen g 4 3^s Feb 14 1935- J&. 97 80 Helena Lt&Ry 1st 5s ’25 op.M & S / 65 1st ref 6s 1949 Series A _ - - F&A 10654 107)4 1st lien & ref 6s 1942_____J&D 99 101)6 Herkimer County Light & Power 1st ref 5% s 1952 Series E M&S 101 99 101 105)4 1st lien & ref 6)4s 1948 -M&S 105 1st 5s 1950. _______ ...J & J 1st ref 5s 1965 Series F __ J&I 96 Sheboygan Elec 5s 1946 J&« 97)6 Hest Man & Fair Pass Ry— See P hilaRT 100)4 Consol Gas N J 5s g 1936 _J&. 95 East Bay Water 5)4s 1946.-J&J 102)6 Home Telep & Teleg(Los Angeles 1st ref 5s 1965-- A&C 106 Un & ref 7)4s ’36 ser A ..M & S 99 J* 100% 89 Cal) 1st 5s 1933. . . . J&J Consolidated Gas (N Y )— Un & ref 6s 1944 ser B__ M&S ____ 101 98 98)6 1st refunding 5s 1945 _ J&J Deb 5% s 1945__________ F&A ____ 101 Un & ref 6s 1944 ser C _. M&S Home Tel & Tel of Spokane— 10354 104 Underlying cos— See N Y G E L H & P Unif & ref 6s 1955 ser D ..M & S ____ 101)6 99)6 98)6 1st M g 5s M ay 15 ’36.M&N15 44 Consol Ltg Co (Vt) 1st 5s ’26-J&. 99 Hortonia Power 5s 1945 _F&A 5)4% gold notes 1928__ F&A 100)4 ____ Consol Pow & Ltg— 60 East Penn Elec Co— 8% notes 1926 ______ F& / • 1st & ref 1 6% s 1943. -M&S 1st M & ref 6s 1953______ J&: 104)6 106 Houghton Co (Mich) Elec Light— 10314 104 Consol Pow & Eight (W Va)— 99 East St Louis (111) Lt & Pow— 1st g 5s Jan 1 1927 o p t .. _J&J ____ Houghton Co Trac 1st 5s ’37. J&J / __ 1st M & ref 6s 1943.M&S 1st 5s 1940______________J&E 5 100 Con R y (New Hav)deb 4s’54-J&J 60 98 61 East St Louis & Suburban Co— Hous Home Telep 5s 1935 M&S 84 Deb 4s 1955____________ J&J 60 84)6 Houston Lt & Pow 5s 1931. A&O 99% 100% 61 Coll trust g 5s 1932 opt ..A&C 96 Deb 4s 1955____________ A&O 60 61 Alton Granite & St L Trac— 94)6 1st lien & ref 5s 1953.. .M&S __ 72 68 60 1st cons gold 5s 1944 F & / Deb 4s 1956 g u a r _ _ ___ J&J 61 1st lien & ref 6s 1953 ser B .A& C 68 72 102)6 Cons gold 4s 1930 - - . F&A 59 Vi 1st lien & ref 556s'54 ser C.M&S 101 98 Cons R y & Pow (Salt Lake) See Ut ah L & Ry Easton Cons El 5s 1949. . M&N Hudson Co Gas 5s g 1949 -M&N 100)6 101)6 93 96 Cons Tr (N J)— See Pub Ser Corn East Palm & Beth 6s 1939.-J&7 Hydraulic Power of Niag Falls— 99 100 Economy Lt & Pow (Joliet, 111)— Con Wat o f Utica— 1st 5 s ’30 J&J 1st & refunding 5s 1950. - J&J 100)6 102 102 99 2d Mtge 5s Jan 1 1930 __ J&J 100 98 J6 100 1st M s f gold 5s 1956.. -J&E 99)6 R ef & impt 5s 1951______ A&C lstre f5 )6 s 1960 Ser B__ _A&C 99 101 Edison Elec Ilium of Boston— 95)6 96)6 Idaho Power 1st 5s 1947___ J&J ___ Consumers El L & P (New Orl)— 4)4s% gold notes 1928.-J&J 15 99)6 •10036 1st lien gen M 8s 1930 ..J&J ___ 1st M 5s 1936____________ J&J 96 First lien gen M 7s 1947. - J&J 96)4 Ed El IU(Bkn)See Kings CoEL&P 100 Consum L H & P Co (Eliz. N J) Edison El 111 (N Y )— See N Y G 100)6 111 Bell Telep 1st 5s 1956-..J& D 99 92)6 5s 1938__________________ J&D Edison Elec Co (Lancaster)— 90)6 Illinois Cent Trac 5s 1933.-J&E Consumers Power Co (Mich)— 99 )6 100)6 Illinois El Pow 1st 6s 1943.-A&O 102)6 103)6 Refunding 5s 1943 ..F & A 99 Eighth Ave R R — See N Y Rys Illinois Power & Light Corp— 1st & ref 5s 1936 op ’ 16 --J&J 101 1st 1 & unif 5s ser C 1952 M&N 102 9554 95)4 Elec & Peop— See Phila Rap Tran 1st & ref 6s 1953 seris A ..A & O 98 1st 1 & unif 5)6s 1954___ M&N 1st & ref 5)6s 1954 Ser B .J&E 98)6 102)4 103)4 Electric Pow Corp (Germany)— 87% 102 87% 101 Continental Gas & Electric— 1st s f 6)4s 1950 temp ctfs.M&S Debenture 7s 1953__ ____ A&O 100 1st lien coll tr 5s 1927__ M&N 94 95 Illinois Power 1st 5s 1933__ J&D 10054 Electrical Securities Corp— 100 96 R ef 6s 1947.........................A&O 101 98 102)6 104 Coll trust s f 5s 1935 op t.-F & A 1st 7s 1936__________ ...J & D 96 Coll tr 7s 1954 ser A .F&A 103 98 97)6 104 99 Coll tr s f 5s 1 9 5 5 - - ___ A&O 1st 6s 1944_______________J&D Copenhagen Telephone Co— Eliz Plainf & Cent J \See Public Hlinois Northern Utilities Co— 90 92 External s f 6s 1950___ A&015 Eliz & Trenton RR /Serv Corp 9954 100 1st & ref 5s 1957 opt . .A&O 95 Crosstown St Ry— See Col Ry & Lt Elmira Water, Light & R R — 97 Illinois Valley Ry 1st 5s ’35.M &S 95 97 Cross St Ry— See Int Tr (Buff) 1st & con g 5s 1956______ M&S Indiana Columbus & E Trac— ____ Cuban Telephone Co— El Paso El Co coll tr g 5s ’32. J&J 102 5 Gen & ref g 5 s ’26 o p ’ l l M&N / 2 110 95 % 1st M 5s 1950 Ser A . . J&D 111 20 1st lien & ref 7 )6s 1941 ..M & S 96)6 Col Lon & Springf 5s ’20-A&O f 5 40 Cumberland Co (Me) Pow & Lt— Empire District Electric Co— — Dayt Spgf & Urb 5s ’28-.M & N 94 90)6 1st & ref gold 5s 1942___ M&S 1st 5s 1949______________M&N 92)6 Indiana Electric Corp— 95)4 Oumb’land T & T 5s 1937.. J&J 98)6 99)6 9754 1st M 6s 1947 series A __ M&N 9854 Empire Gas & Electric Co— 103 105 Cuyahoga Telep 1st 7s 1941.J&D 10554 106)4 103 Gen & ref 6s ser A 1952 ..J & D 1st M 6)6s 1953 series B -.F & A 101 82 Dakota Central Telep Co— Empire Gas & Elec and Empire Indiana Ltg 4s 1958 o p t ....F & A 103 105 96 1st gold 6s 1935__________ J&D 98 97 Coke jt lst&ref 5s ’41 opt.M&S Indiana & Mich El 5s 1957. F&A 98)6 ____ 103 Dallas Gas 1st 6s 1941. . A&O 101 Empire Gas & Fuel— 1st & ref 5s 1 9 5 5 --..........M&S 104 Dallas PoV & Lt 6s 1949- ..J & J 103 105 Ind Nat Gas & O— See Peo G L&C 1st M s f 6s 1926 - - - - -M&N 103 ___ ____ 104 % 95 1st g 7% s 1949 series B __ J&J lst&ref conv7)4s’37 ser A M&N 104)6 Indiana Power 6s 1944 . M&N 96 ___ 99 102 1st g 5s 1952 series C _____J&J 101 104 Equit G & E Utica 5s 1942.A&0 1st lien 7)6s 1941 ser A ..M & N ____ ____ ____ Danville Tr & Pow 1st 5s '41-J&J 70 Equit 111 Gas, Phila, 5s g '2 8 .J&J lstlien&gen 6)6s’41 ser B.M&N 100 101)6 Darby Med & Ches Ry— See Phila R Tr 99 Erie Railways— 5)6% notes 1928__ __ ..F & A 100 94 109 96 Daytona Pub Serv 7s 1942. _J&J 106 1st & ref 6s 1954 A&O Indiana Ry & Lt 1st 5s ’4 3 .-J&J n 92 ____ Indiana Service Corp— ___ ____ Dayton (O) Gas 5s’30 op’ 15-M&S Erie El Motor s f g 5s 1941 A&O 98% Dayton Ltg 1st 5s '37 op’ 12-M&S 100)4 101 89)6 Erie Ltg 1st M 5s 1967.-A&O 98)6 1st & ref M 5s Jan 1 1950.-J&J 90)6 84 Dayton Pow & L 1st 5s ’41 .J&D 87 99)4 100)4 Erie & Suburban Ry 5s '41-A&O Adjustment mortgage________ / 85 86 Day Sp & Urb— See Ind Col & E 99)6 101 Evansv G & E L 5s '32 op ’ 12 J&D Indiana Union Traction— 20 Defiance (O) G&E 5s 1942 -M&S 92)4 10 94)4 Excelsior Springs Wat Gfas & El— 1st g 5s July 1 ’33 op ’08.A&O — — 10 20 Delaware Co & Phila— See Un P & Trans 1st M 6s 1932 opt J& P Indiana Nor 1st g 5s 1933.A&0 Denver City Tramway— Fairmont & Clarksburg Trac— Indianap Columbus & Sou Trac— ____ 1st & ref g 5s 1933 op s f.M & N 58)4 97 1st g 5s 1938 opt 1913__ A&O 94)6 99 60)4 1st M g 6s Feb 1 1948___ F&A 83)4 Con Tram con g 5s 1933 -A&O Fall River Elec Light Co— 97 Indianapolis Gas 5s 1952 _A&O 98)6 ____ 107.92 Indianap L & H 5s 1940. .A&O Denv Gas & El 1st g 5s ’49-M&N 1st M 5s 1945 series A __ J&J 99 98)4 9954 94 93)4 1st & R ef 5s 1951........... M&N Federal Light & Traction— Indianap & Martinsv Rap Tran— 93 93% Denver Tramway Power Co— 26% 1st s f g 5s 1942 o p t ____M&S 1st g 5 s 1923 o p t .. . .J&J ___ Indianap New Castle & Eastern— 102% 1st imp g gu 5s ’23 op '08-A&O 1st lien g 6s 1942 stpd___ M&S 99 93% 12 Ext at 6% to 1924- ______ n 96 1st 6s 1932 _______ Denver Tramway Terminals Co Fed St & Pleas Val— See Phil Co Indianap Nor— See Un Tr o f Ind 1st M g gu 5s 1926-40__ M&S 6 7% 6)4% Ft Pitt Traction— See Phila Co Indianapolis & Northwest Trac— Derry (N H) Elec 8s 1951.-M&S 101 40 Ft Smith Light & Traction— 43 1st g 5s 1923 ext to 1933 M&S 81 Des Moines & Cent la Elec Co— 1st M g 5s Mar 1 ’36 op t.-M & S Indianapolis & Southeast Trac— 102 S F 6s 1937 opt series A . _ M&S 100 Ft W Van Wert & Lima Trac— 1st M g 5s 1935__________ J&J n 25 90 19 S F 5 s 1937opt seriesB __M&S 1st M g 5s 1930 guar. J&J f 16 25 Ind Shelby & S E 5s 1932 -J&J n __ — 98 99% Des Moines El 5s 1938--M&N Ft Worth Pow & L 5s '31. F&A Indianapolis Trac & Term Co— Des Moines City Ry 5s ’3 6 .-J&J 78 79)4 42dStM&StNAv— See 3d Av Rv 1st s f gold 5s Jan 1 1933 -A&O 91% 94 Des Moines Elec Co— Frankf Tacony & Holmesb Ry— Indianap St gen 4s 1933__ J&J 56 _ 59 40 50 100 79% 1st M 5s, 1938--. _____M&N 98)4 1st gold 5s July 1940_____J&J Citizens’ St con 5s g ’33 -M&N 84 Detroit City Gas Co— Galesburg Ry Ltg & Power— Indianapolis Water— 1st M 6s 1947 series A ____J&J 105)4 10554 95)6 97 92% 1st & ref g 4)4s 1940 opt.-J& J Con 5s Oct 1934. ______ J&D 96 97 Det & Sub Gas 1st 5s ’28 J&D 98)4 1st lien & ref 5)6s 1953-..M & S 102)6 104 93 Detroit Edison 1st g 5s 1933-J&J 101)4 Interborough-Metropolitan Co— 10214 Galv Elec Co 1st 5s '40 op .M&N 1st & ref 5s July 1 1940-. M&S 102 >4 102)4 Galveston-Houston Elec R y— 13 Coll trust g 4)6s 1956. . -A&O f 1 1 ., 86 88 1st & ref 6s July’40 ser B .M & S 10754 107 54 1st M s f g 5s 1954 op t___ A&O Guar Trust certif of deposit - . f 13 4)6. 99% Gen & ref 5s 1949 series A-A& O 98)4 98)4 Gas & El o f Bergen Co 5s '49 J&D Stpd ass’t ’d & 16% subs / 6)6 134 97 Conv deb 7s Jan 15 ’28-J&J15 132 Gen 5s N ov 1 1954______ M&N 1% Stpd as del of 16% sub. . . / 132 134 Oonv deb 7s Feb 1929__ F&A General Gas & Elec Corp— Stpd as to del on surrender 134 Conv deb 7s Mar 1930 -M&S 132 S f g 7s 1952 ser A . M&S 104 % 10554 f % 134 993 A Conv deb 6s Dec 15 1932. J&D 132 Gen Gas & El Co 6s 1929-M&S 100 % Interborough Rapid Transit— Det United 4 ^ s 1932 opt-.J& J 89)4 67% 1st & ref g 5s ’66 op tax-ex J&J 68% 9054 German General Elec— 69 93 72 67)* 68% 20-yr 7s 1945________ J&J 15 98% 71% Det Ry 1st 5s 1924 . . J&D Ga Row & Ips— See B & N St Ry 6% notes 1932__________ A&O 71)6 89)6 Det Ft Wayne & Belle Isle— Georgia Light Power & Rys— Conv g 7% notes 1932__ M&S 90% ____ __ 90% International Railway(Buffalo)— 1st g 5s Apr 1 1928___ A&O 89)6 1st lien s f g 5s 1941 op t.-M & S 77 Det M on & Tol Short Line Rv 96)6 B uff Ry 1st con M 5s g’31-F&A Cent Ga Pr 5s ’38 opt’ 13 M&N 97)6 80 ____ 99 72 99 % 1st M g 5s Jan 1933.- J&J Georgia Ry & Elec 5s 1932.-J&J Buff Trac 1st 5s 1948____J&D 70 72 93 Det & Pontiac— 93% Refg & impt g 5s '49 s f J&J 77 80 Cross St Ry 1st 5s g ’32. M&N ____ 98 99 Cons g 4% s ’26 op ’ l l ..J & D Atlanta Cons St 5s 1939.-J&J Buff Bell & Lan 5s 1927. J&D 90 93 99 Det & Pt Huron Shore Line— 100 Georgia Elec Lt 5s 1930.-J&J Buff & Lock 1st g 5s 1938. .J&J 65 69 ____ 1st gold 5s 1950 _______ J&J Atlanta Northern R y Co— Buffalo & Niag Falls Elec Ry— ____ Det Ypsil Ann Arbor & Jack— 79 82 1st guar 5s '54 op ’90__ J&J 1st M 5s gold 1 9 3 5 .___ J&J ____ 1st gold 5s 1926___ ____ F&A 61 Internat R y ref 5s ’62 op _M&N 69 Georgia Ry & Power— Dominion Pow & Transmission— 93)6 97)6 1st & ref s f 5s 1954 opt .A&O 9456 Interstate El Corp 6s 1933.M&S 98)6 102% 102% 1st 5s 1932. . . . ___ A&O 95)6 96)4 Debenture 7s 1932.- __ J&D 97)4 Gen M 6s 1947--- . -.-A & O 97 D D E B & B R R — See Third Av Ry Gen M 7s 19 41..- _____M&N 104M 105% Interstate Power Co— Duke Price Power Co— 97)6 Grand Rap Gr Hav & Musk R y— 1st M g 6s series A 1944..J&J 98)6 1st M 6s 1949___________ J&J r 100)4 10154 45 55 97)6 1st g 5s July 1 1926______ J&J 1st M g 6s series B 1944.-J&J 98)6 Duluth-Superior Traction Co— Grand Rapids Ry— General 7s 1934. ____J&J 100 101 90 Duluth St R y 1st g 5s '30 M&N 93 95)4 97)4 1st s f 7s 1939. - . ____M&N Interstate Rys— Coll trust g 4s 86 Gen M 5s 1930________ M&N 88 Great Cons Elec Pow (Japan)— 1943 opt 1913___________ F&A 56 57 90 Duquesne Light— See Phila Co 1st M 7s 1944__________ F&A 90)6 Iowa Power & Light— s 86 Duquesne Trac— See Phila Co 1st M 6s 1955 Ser A . . . M&N 18*1st & gen 6% s 1950______ J&J 99 Eastern Connecticut Pow Co— Gt Falls Pow 1st 5s ’40 op.-M & N 101)6 102)6 Iowa Ry & Lt (Cedar Rapids)— 95 97 Great Lakes Power, Ltd— 1st M s f 5s 1948 series A.A&O 1st & ref 5s 1932 opt ’ 15..M & S 98 99)6 1st M 6s 1926-1944_____M&N Eastern Mass Street Ry Co— 100)6 102)6 Iowa Southern Utilities— 99)4 Great North Pow 5s 1935__ F&A Serial ref 6s Jan 1926-1929. . . 98)6 100 1st & ref 6s 1943________ F&A 100 67 98% Great West Pow 5s 1946 op .-J& J R ef M 4% s 1948_________ J&J ’ 1st & ref 5)6s 1950_______ J&J 96)6 74 1st & ref 6s Mar 1949____M&S 101)6 R ef M 5s 1948___________ J&J 73)4 Ironwood & Bessemer Ry & Light 85 1st & ref 7s 1950 ser B __ J&J 109)6 110 R ef 6s Jan 1948 ser C ..M & S 15 88 1st s f g 5s ’36 opt after '15.F&A 93 94 85 1st & ref 6s 1952 ser C ____F&A Ref 6s Jan 1948 series D A&O 88 Italian Power Co— Green Bay Gas & Elec Co— R ef 6s Jan 1948 series E .M & N 85 88 Coll tr 6)6s 1928 series A A&O 98J4 99% Lynn & Bos 1st 5s g ’2 4 .-J&D 1st & ref 5s 1935_____ M&N 98)6 100 Jackson Cons Tr— See M ich E .R y Greenwich Tram 1st 5s ’3 1 .-J&J 75 99 100 80 Extended to 1929 - _______ Jackson (Mich) Gas 5s g’37.A & 0 98 100 Hackensack Wat 4s ’52 op ’ 12J&J Eastern N J Power Co— Jackson (Miss) Public Service— 85)6 99 Hagerstown & Frederick R y —• 100 1st M 6s 1949_________ '..J& J 1st M 6s 1934___________ A&O 98 98 Eastern Oregon Light & Pow Co— 1st M 7s 1934________ . 98)6 100 1st M 6s 1929___________ A&O Jacksonv(Fla)Gas s f 5s ’42. .J&D 9954 100)4 Harrisburg L & P 5s 1952.-F&A 84% 85% Hart St R y— 1st g 4s 1930--M&S Jacksonville Trac 1st 5s ’31-M&S 85)6 77 82 Harwood El 5s ’39 op ’ 14___ J&J 99% 101 Jacksonv Elec 5s ’27 opt-M&N 92 1st & ref s f g 6s ’42 o p __ M&S 106% — Jacksonv (111) R y & Lt 5s ’31-J&J 91 93 Jamaica Water Supply Co— 1st gold 5)6s series A 1955. J&J 99 100 1 f Tbls price Includes accrued interest, it Last sale. /I n London, r Canadian price, s Sale price. 38 PUBLIC UTILITY BONDS [V ol. 121. OTICE.— All bond prices are "an d interest" except where marked “f” and income and defaulted bonds. Bonds. Bid. Ask. B onds. Bid. Jersey Central Pow & Lt Corn— Manila Elec Co 7s 1942__ M&N 100)4 1st & ref 5)4S 1945 series A F&A 98)4 Manila Electric Corp— 96)4 Jer City S ob & Pat— See P S Corp Manila Elec R R & Ltg Corp— Johnstown (Pa) Telephone Co— 1st lien & coll tr 5s '5 3 --M&S 88)4 99 100 1st & ref 5s 1942________ F&A — Manila Sub Rys 1st 5s 1946-M&S Johnstown (Pa) Traction— Manitoba Power Co Ltd— 66 64 1st & ref 5s July 1943____J&D 1st s f 7s 1941 ser A _____M&N rl03 25 Joplin&PittsRy 1st 5s’30 op.M&S 15 99 M anuf’rs W at (Pa) 5s 1939-J&D Kankakee (111) G & E 5s ’30-M & S 95 100 Marion (O) Water Co— — Kansas City Gas 1st 6s 1942.F&A 102)4 98 1st mtge 6s 1943________ J&D Kansas City Power & Light— Market St El Pass R y— See P R T 1st M 5s 1952 series A ____M&S 97)4 98)4 Market St R y (San Francisco)— Kansas City Railways— 98)4 1st s f 7s 1940 ser A --------- Q-J 64 1st M 5s July 7 1944------- J&J / 62 95)4 M aryl’d El Rys 1st gu 5s '31 A&O 9 2d M 6s July 7 1944.......... J&J f 96 1st & ref 6)4s 1957 ser A ..J & J 5 58 2d M 5s July 7 1944_____ J&J / 9 Balt & Ann S L 5s 1946--F&A 5 99 Coll gold notes 7s M ay 15 Massachusetts Gas 4)4s ’29--J&J 90 1921_______________M&N 15 / 87 96 Deb g 4)4s Dec 1931--------- J&J 104 Kansas Elec Power 6s 1937-J& D 102 5% notes Apr 15 1927------A&O 100)4 103 Massachusetts Lighting Cos— 1st M 6s 1943__________ J&D 101 Kansas Elec Util 5s 1925---A & O Deb g 7s 1926-’28----------- J&D 100 Kansas Gas & Elec 6s 1952.M&S 101)4 1 0 2 " Deb g 7s 1930__________ A&O 100 94 Deb gold 6s 2022 series A -M & S 92 M cGav & M t V— See Nash Ry&L Kentucky Traction & Terminal— Memphis Power & Light Co— 77 99 1st & ref gu 5s ’ 51 opt '14-F&A 74 1st & ref 5s 1948 ser A ------J&J Lexington R y 1st 5s 1949-J&D 103 94 94)4 1st & ref 6s 1948 ser B ----- J&J Kentucky Utilities Co— Memphis L & P 5s 1931— J&J 98)4 74 1st lien 6s 1949 series E — J&J 100 101)4 Memphis St Ry con g 5s ’45 -J&J Key System (San Fran-Oak Term) 94 Meridian Lt & R y 5s ’44— M&S 1st M 6s 1938____________J&J 101)4 Metropolitan Edison Co— ____ R ef & imp 8s 1935 ser A —M&N 105)4 R ef 5s 1938______________ J&J 85)4 ____ 103 M R ef 6s 1938__________________ 92)4 1st & ref 6s 1952 ser B ------F&A Key System Securities coll trust 6s 92)4 91 1st & ref 5s 1953 ser C ------J&J 94)4 92 Key Tel 1st g 5s ’35 opt ’0 8 --J&J Metropolitan Elec Co (Reading) 91)4 6% gold notes 1927------- M&N 99)4 100)4 1st s f 5s 1939---------------- A&O 100)4 ___ Metropolitan Power— 1st 1 & ref 5)4s 1935 ser A . J&D 91 Kings Co E L & P 1st 5s ’37 -A & 0 101)4 103 1st 6s 1953 ser A -------------J&D 102 ___ Met St Ry— See N Y Rys Purch money 6s g 1997---- A&O 119 93 Edison El 111 Bkln 4s ’39-.J& J Metropolitan West Side “ L —90 Kings Co Elev R y— See Bkln R T 1st gold 4s 1938---------------- F&A Kings Co Gas & 111 1st 5s’40-A&O Exton gold 4s 1938--------- J&J 99)4 Mexican El L 1st M g 5s ’35 -J&J * ____ Kings C oL tg 1st ref 5s '54—J&J 99" Mex Lt & Pow 1st 5s ’33 s f.F & A r 60 1st ref 6H s 1954_________ -J&J 107)4 108 96 Kingsport Utilities 6s 1937-A&O 95 94 Miami Valley Elec 6s 1945--J&J 100 1st 7s 1937 series B _____ A&O 97 M ich Elec R y 5s 1948------—J&J f 20 ____ Kinloch Long Dist Tel 5s ’29- J&J 100)4 Jack Cons Trac 5s 1934--M&N f 20 ____ Michigan Gas & Elec Co— Klnloch Telephone 6s 1928--F&A 103 86 Knoxv Gas 1st 5s ’33 opt ’ 13-A & 0 83 98)4 1st & ref 6s 1943-------------M&S Knoxville Railway & Light— Michigan Light 1st 5s 1946.M&S 98)4 R ef & ext 5s 1946 op t— —J&D 94)4 Michigan Nor Pow 1st 5s '41 J&J 96 93)4 Knoxville Trac 5s 1938— A&O 97 Middlesex Water Co (N J)—■ — Lackawanna & W yom Val R T — Consol M 5s 1950----------- F&A 95 Coll trust 5s 1951_______ F&A 97)4 Middle West Utilities— Laclede Gas Lt ref 5s 1934--A&O 100 )4 8% gold notes 1935--------- M&S 105 8% gold notes 1940--------- J&D 107)4 1st M coll tr 5 )4s ’53 ser C.F&A 99 J4 100)4 Lake Roland Elev— See Un Rys & Elec 8% gold notes 1941----------------108)4 73 Millv Etna & Sharps— See Phil Co Lake Sh Elec 1st con g 6s ’ 33-J&J 48 Gen gold 5s Feb 1 19 33---F&A 60)4 Milwaukee Coke & Gas Co—• 90 Lor & Clev g 5s '27 op '17-J&J 1st M s f 7)4s 1933--------- F&A 102)4 Sand Frem & Sou 5s 1936—J&J Milw El Ry & L t 5s 1926— F&A 100)4 Tol Frem & M o 6)4s 1925— R ef & ext 4)4s g ’31 opt—J&J Gen & ref g 5s 1951 opt.-J& D 97)4 Extended to 1933_______ J&J 77 Lake St Elev R R — See Chic & O akPkEl ec Ry 1st & ref 5s 1961 ser B — J&D 88 H 1st & ref 6s 1953 ser C -..M & S Laurentian Power 6s 1936__ J&J r 99)4 99)4 Laurentida Power 5s 1946__ J&J 99)4 Milw Light, Heat & Trac— 100)4 1st g 5s gu 1929 op t..-M & N 100 Gen M 5s 1946__________J&J r 101)4 Milwaukee G L 1st 4s ’2 7 --M&N Lawrence (Mass) Gas & Elec— 99)4 101.64 Milwaukee Northern Ry— 1st M 4)4s 1940 ser B ____F&A Lehigh Pow Sec 6% notes’27.F&A 101 101)4 1st 5s Apr 1931-------------- A&O — Minn Anoka & Cayuna R ’ge RR Lehigh Nav Elec 6s 1943--J&J Lehigh Valley Transit— 1st 5s 1935______________ M&N 98 1st M g 5s D ec 1935 op t-.M & S 96)4 Minneap G L 5s Feb '30— M&S 97)4 88 6% gold notes Feb 1930--------1st M g 4s Dec 1935 o p t-.M & S 86)4 101)4 Minn Gen El 1st 5s ’34 op —J&D 101)4 Cons gold 4s 1935-------------J&D 80)4 81)4 Minn St Rys— See Twin O’y R T Ref & tmpt g 5s 1960____J&D 80)4 Minnesota Power & Light Co Leh Val L & P 5s 1943____A&O 96 )4 Lex Ave & Pav Fy— See N Y Rys 1st & ref 6s 1950________ M&N 105 97 1st & ref 5s 1955-------------- J&D Lex (Ky) R y— See K y Tr & Term 94 Lincoln Gas & Elec 5s 1941-J&D Mississippi Power & Light— 100 LIndell R y— See United Rys(StL) 1st & ref 6)4s 1943 ser A ..J & D 99 Little Rock G & F 6s 1937--M &N 97 Mississippi Riv Pow 5s ’5 1 --J&J 103 Little Rock R y & El 5s ’33-A & 0 98 Sink fd deb 7s 1935_____M&N ■Ref & ext g 6s 1938______ A&O 100 Missouri Edison El 5s 1927-F&A 100 % 95 Lockhart Power 5)4s 1950--F&A ---Mobile Elec 5s ’46 op ’ 10--M&N Lockport & Olcott R y— See Int Trac (B uffalo i Mobile Gas imp & ref 7s '51 J&D 100 — 100) 4 M ob Lt & R R 1st g 5s '3 7 --J&D Long Isl Lighting 5s 1936--M&S 99 105 — 1st ref 6s 1948____________ J&J 104 Cons g 5s 1941--------------- M&S 101) 4 Monongahela St Ry— See Phil Co Secured g 6s 1945---------- J&J 100)4 Lorain & Cleve R R — See Lake Sh ElecRy Monongahela Valley Traction— ____ Los Angeles Gas & Elec Corp— 1st M g 5s ’42 opt ’22____J&D 100)4 Monongahela Valley Water— 1st & ref g 5s 1939 op t— -M & S 1st M 5)4s 1950 series A ...J & J 96 Gen & ref g 7s 1926 ser A.M&S 106)4 Montpelier & Barre L & P Co— Gen & ref g 7s ’31 B & C --J & D 95 Gen & ref 6s 1942 ser D .-M & S 10124 102 1st ref 5s 1944__________A&O 98 Gen &T-ef 5J4s 1943____ M&S Montana Power— 99)4 Gen & ref 5)4s '47 ser E -.J & D 1st & ref s f 5s ’43 op '18--J& J Gen & ref 6s 1942 ser G ..M & S 101M 10 2'“ Montreal Lt, Ht & Pow Co— — 98 G en & ref5 )4s 1949 ser I.-A & O lst&coll tr g 4)4s ’32op’12 J&J r 96)4 Los Ang G & E 5s 1934___ J&J Gold 5s 1933 opt 1913____ A&O r 99)4 Los Ang Pac Co— See Pac El Ry Montreal Tramways— 96)4 Los Ang & Pasad— See Pac El R y 1st & ref g 5s 1941 op t-----J& J Gen & ref 5s 1955 series A . A&O r 91)4 Los Angeles Railway Corp— 87 87)4 M orn’side El StRy— See Phila Co 1st & ref s f g 5s 1940_____J&D 95)4 Mountain Home Telep C o 95)4 Los Angeles Ry 5s 1938__ A&O 99 Los Angeles Sub Gas Corp— Gen 5s 1938______________ J&J 104)4 Mountain States Power Co— 1st lien coll trust 7s 1938-M&S 104 92 99)4 101 Louisiana Power 1st 6s '4 4 --J&D 1st & ref 5s 1938________ J&J 1st M 6s 1938 series B ---- J&J 99)4 Louisville Gas & Electric Co— 96)4 96)4 ji M t Wash St Ry— See Phila Co 1st & ref 5s 1952 ser A ..M & N — Muncie El L 1st 5s ’32 op ’ 12 J&J 98)4 Louisv Ltg 5s ’53 unstmpd-A&O 92)4 ! Muncie Hart & Ft Wayne Tr— Louisville R y con M 5s g ’30-J&J 72)4 1st 5s g 1935 opt 1925----- J&J / 13 72)4 2d mtge 4)4s 1940_______ M&S 72 71 M & U C Tr Co— See Un Tr o f Ind Gen M 5s 1950___________F&A Municipal Gas (Albany, N Y )— Louisville Water— See under Loui sville. p. 50. 105 1st M 5)4s 1952 ser A ____A&O Lower Austrian Hydro-Electric— 85)4 85)4 Municipal Gas & Elec, Roch— 1st s f g 6)4s 1944_____________ 1st M g 4H s 1942 opt '12.A & 0 Luzerne Co (Pa) Gas & Electric—■ 94)4 99)4 Munic Service 5s 1942----- M&S 99)4 1st ref&imp g 5s’48 op ’ 13.A&O 103 6% notes N ov 1 1928----- M&N 98)4 1st & ref 6s 1954_________ M&S 102 81)4 103)4 Muskegon Tr & Lt 1st 1931 M&S Debenture 7s 1944_______ J&J 103 103 Muskogee Elec Tr 5s 1934-M&N Lykens Val L & P 6s 1945--M&S 102 Nashville Railway & Light— Lynn & Boston R R — See Eastern Mass S t Ry 97 90 Cons g 5s 1953 opt 1908-_J&J 89 Macon R y & Light 1st 5s '53-J&J 89 Ref & ext gold 5s 1958__ J&J Madison Co (111) Light & Power— — 96 M cGavock & M t Vernon— 1st g 5s 1936______ J&D Summer St 1st M 6s '26 J&J 100 Madison Gas & Electric Co— 2d series 6s July 1937__ J&J 103 98)4 100 1st ref 5s 1940___________A&O — Nashville Gas & Heating Co— 1st 6s 1926______________ A&O 100)4 98 1st M gold 5s 1937 guar. .M&N Madison Railways Co— 80 75 1st g 5s 1936_____________ M&N 100)4 99)4 Mad R ivPowlst 5s’35 gu op-F& A Manchester Tr Lt & Power— 98 1st ref 5s Aug 1952___________ 63" 62)4 Manhattan El con 4s g ’90-A&O 55)4 53)4 2d gold 4s 2013___________J&D b Basis. /T h is price includes accrued interest, k Last sale, n Nominal, Ask. Bonds. Bid. IS Nashville Water 4s 1928---- J&J Nassau El R R — See Bklyn Rap T IS 99 Nassau Lt & Pow 1st 5s ’27 -A & 0 J N 90 Nassau & Suff Ltg 5s 1945—F&A 89)4 IN ------F Nat Electric Power Co— Sec g 6s 1945____________ M&S 103)4 Nat F Pow & L inc 7s 1972------J&J 1 0 2 " 101 F Nat Public Service Corp— 96)4 C olltr s f 6)4S 1955 ser A —F&A 98 103 F Nebraska Power 1st 5s '49--J& D 1st M 6s 1949-................—J&D 104 95 Deb 6s 2022— ............— -M &S 99 98)4 F Nevada-Calif Elec 6s 1946--J&J 99 1st lien 6s 1950 series B — A&O 96)4 97 F Nevada-Cal Pow 6s 1927— A&O 101 62)4 F Newark Gas 6s Apr 1 1944—Q-jI 110 Newark Cons Gas con 5s ’48-J&D 100)4 99)4 F 96)4 F Newark Pass R y— See P S Corp— — ------F New Bedf & Onset 6s 1928--J&J New Brunswick (Can) Pow Co-— F 80)4 1st M 5s 1937-------------- M&S ------F New Chester (Pa) Water Co— 95 1st 5s Mar 1 1943________ M&S New England Elec Securities-— 50 100 * 1st coll tr 5s Jan 3 1932— J&J3 ------F New Eng Pow 1st 5s 1951— J&J 103 Vs 94)4 New Eng Tel & Tel 4s 1930--J&J 99)4 F 75 5s gold Oct 1 1932............. A&O 100 1st 5s 1952 series A --------- J&D 100)4 96)4 IN J & Hud Riv R y & Ferry— 70 1st gold 4s 1950 op t--------M&S 95 105 t N J Pow & Lt 5s 1936--------- F&A 95 1 New London G & E 5s ’2 7 --A&O 100)4 2d mtge 5s 1929-------------- A&O 101 100)4 Consol & refg 5s 1933--------J&J 101 New M ilford Pow 1st 5s ’32.F& A 101 102)4 1 New Orleans Pub Service Co—• 90 1st & ref 5s 1952 series A ..A & O 90)4 1st & ref 5s 1955 Ser B — J&D 86)4 76 Gen M 4)4s 1935------— J&J — 92)4 Inc 6s N ov 1949 series A ..J & D Series B _______________ J&D 62 j New Orleans R y & Light C o Canal & Claib 1st 6s ’4 6 --M&N 108 96 25 N O Cy R R — Gen g 5s '43-J&J 97)4 26 N O Cy & Lake 5s 1943.J&J 98 NO&Carroll con 5s Feb’33-J&J 99)4 100)4 Edison El 1st 5s 1929-—J&J 95 100 N O Pow-House Co 5s '41-J&J 84 97 St Charles St 1st g 4s ’ 52--J& J Newp News & Hamp R y , G & E— 1 92 — 1st & ref 5s 1944-------------- J&J Newp News & Old Pt R y & El 96 103 1st g 5s N ov 1 1938------M&N 94 108)4 Gen g 5s Mar 1 1941------- M&S 109)4 N Y Cent Elec Corp— 98 X 1st M 5)4S 1 9 5 0 -.-.......... M&S New York Edison Co— . „ 104 1st lien & ref 6)4s 1941---- A&O 114)4 100)4 1st 1 & ref 5s ser B 1944--A&O 100 96 N Y Gas, Elec L t, H & P Co— 98 1st g 5s Dec 1 1948-----------J&D 103)4 88)4 88)4 Pur mon coll tr 4s 1949— F&A 99)4 Ed El 111, N Y , con g 5s’95-J&J 102)4 Central Un Gas 5s g 1927—J&J 100 100)4 Equitable Gas 5s 1932------M&S 100 92)4 99)4 New Amster Gas 5s 1948--J&J 98 NY& ER Gas 1st g 5s ’44-J&J 93 — Con 5s 1945------------------J&J 78 NY&Westch Ltg 4s 2004—J&J 95 Deb g 5s 1954 op guar..J& J 99)4 98)4 North Un Gas 5s 1927— -M&N 99)4 102)4 Standard G L 5s 1930— M&N 102)4 N Y Municipal R y Corp— 1st mtge 5s 1966-------------- J&J f 80)4 N Y & Pa Telep & Teleg Co— 105)4 1st gold 5s Feb 1 1926------F&A 98 Gen s fd g 4s N ov 1929— M&N N Y & Queens Elec Lt & Pow—• 102 1st cons g 5s Aug 1 1930--F&A 100 91 100 NY&Queens Gas 1st 5s ’34—F&A 2 N Y & Queens Co Ry 4s '46-A&O 20 100)4 Steinway R y 1st 6s 1922—J&J 97 New York Railways Corp— 75 — Purchase mon 40-yr 6s ser A w i — 28)4 Adj income 6s Jan 1 1965 A p r. 280 Participating rects w i -----------New York Railways— 48 h 1st R E & ref 4s ’42 op ’ 16-J&J 92 48)4 Guar Trust ctfs of deposit— 4)4 Adj inc g 5s Jan 1942------A&O 5h — Bankers Trust ctfs of depos. 48 Bleeck St & FF 1st 4s ’50-J&J 74 y8 97 Bway & 7th Av Cons 5s’43 J&D 74)4 C tf dep stpd Dec '24 int— 80 99)4 Bway Surf R R 1st 5s ’ 24—J&J Cen Crosstown 1st 6s '22-M &N / 80 Col & 9th Ave 1st 5s ’93-M&S / 13)4 100 Eighth Ave ctf ind 6s '1 9 -F & A / 80 Lex Ave & P Fy 1st 5s g ’93 M&S / 43)4 Second Ave con 5s g’48 gu.F&A / 96)4 Trust Co certifs of deposit-- / 91)4 Receiver’s certificates 1914. - f 42 97 South Ferry 1st 5s 1919--A&O Third Ave— See under “ T .” 100 60 34th St Crosst 1st 5s '96—A&O 62 h 23d Street R y 5s 1962------J&J 94)4 101 N Y & Richmond Gas Co— 1st ref M 6s 1951 series A.M &N 100 — 1st ref 6s 1952___________M&N N Y State G&E Corp 5’s ’62 .A&O 100) 4 15 1st 6s 1953_______________ J&J 102 New York State Railways— 60 1st con g 4)4s '62 op '13.M & N 85)4 1st con 6)4s 1962________ M&N 105)4 102)4 N Y Steam 6s 1947—.........-M&N N Y & Suburban Gas— See Westc hester 96 97)4 N Y Tel 1st 4)4s’39 tax ex.M &N Deb 6s Feb 1949________ F&A 108 H 83 Ref M 6s Oct 1941_______ A&O 106 — N Y Westch & Bos R y— See Stea m RRs Niagara Falls Power 5s 1932-J&J 101) 4 100 R ef & gen 6s Jan 1932—A&O 105)4 91 1st & cons 6s ser AA ’ 50-M&N 105 Niagara Falls Water 5s 1927_____ 102 Niagara Lockport & Ont Power— R ef s f 6s 1958 series A __ F&A 105 109)4 1st & ref 5s 1955 series A .-A & O 97)4 99 N orf & A tl Term— See Va R y & P Ask. 101 r Canadian price, s Sale price. 100)4 90)4 103" 97)4 99 105 96 100 100 102 112 101)4 50 82 97 55 96 101 101)4 72 97 — 91 91)4 87 93)4 99 97 96 114)4 100 H 103)4 89)4 166)4 100)4 93)4 99 95 79)4 96 100)4 100)4 100)4 93 4 25 28)4 283 53)4 51 5)4 5)4 50 72 79 83 §6" 66" K y< 44 67)4 100) 4 101) 4 61)4 87 103)4 Light’ g 97)4 109)4 106)4 102 106 105)4 98)4 PUBLIC UTILITY BONDS Ana., 1925.] 39 NOTICE.— A ll b o n d prices are “ and in terest” except where m arked ” 1” an d incom e and d efau lted bon ds. B onds. Bid. Ask. Bid. B onds. N orf & Ports Tr— See Va R y & P Paterson & Passaic Gas & Electric N orf R y & Lt 1st 5s 19 49..M&N 9554 consol gold 5s 1949 _M&S 97 Norfolk St 1st g 5s 1944__ J&J 98 9854 Pawtucket Gas 4s 1932__ M&N North American Edison Co— Peekskill Lt & RR 5s 1930-.A&O S fg 6 s Mar 1 5 ’ 52 ser A.M&S15 9954 10054 Peninsular Telephone Co— S f g 654s 1948 ser B _____M&S 10354 104 First Mtge 6s 1943______ J&J North Carolina Elec Power— Conv deb 6J4 s ’34 ser A A&O 1st s f g 5s Oct ’40 op '1 6 --A & 0 Penn Central Light & Power Co— 9554 North Carolina Pub Serv Co— 1st & ref 5s 1950________ A&O 1st & ref 5s 1934 op t_____A&O 9254 1st & ref 6s 1953_____..J & D 9354 1st & ref 654s 1944_____F&A Penn Public Service 5s 1962 F&A 9634 100 Salisb & Spencer 5s ’45__ M&N 1st & ref 6s 1929___ ...J & D 83 8154 North Hud Co R y— See P S Corp 1st & ref 754s 1935 ser B.J& J North Hudson Lt, H & P Co 1st & ref 6s 1947 ser C_ M&N (Hoboken, N J) 5s 1938--A&O 99 1st & ref 5s 1954 ser D _-J&D North Jer St R y— See P S Corp Conv deb 654s 1938-- -.M&S North Shore Electric Co— Pennsylvania Edison Co— 1st & ref g 5s ’40 op '20__ A&O 99 100 1st M 5s 1946 ser A __ A&O North Shore Gas Co o f Illinois— 1st M 6s 1 9 4 6 - - ___ -M &N 1st gold 5s 1937 opt - ---F & A Pennsylvania Electric Corp— North Calif Pow 5s 1932__ J&D Deb g 654s 1954________ A&O R & cons s f 5s ’48 op ’ 1 5 --J&D Deb s f 6s 1955__________ A&O 9954 9954 North Ind Gas & El 6s ’5 2 --M&N 10154 Pennsylvania Ltg 5s 1940__ J&J 1st ref 5s 1929 - ______ A&O 99 10054 Pennsylvania-Ohio Pow & Lt— Northern N Y Utilities, Inc— 1st & ref 5 54s ’54 ser A _J&J 1st M & ref 5s 1963 - - -J&J 99 100 Deb g 6s 1939 - _______ J&J 1st lien & ref 7s 1946 A ..M & N 110 114 Penn-Ohio Edison 6 54s '27 J&J 1st lien & ref 6s 1947 B -.M & N 10254 10454 Young-Sh R y & L 5s '3 1 --J&J 1st 1 & ref 6s 1943 C ____M&N 102 10454 Pennsylvania Power & Light— 1st 1 & ref 554s ser D '4 9 --J&D 1st & ref 7s ser A 1951 F&A 9854 100 1st 1 & ref 5s 1955 ser E ..J & D 1st & ref 5s 1952 ser B --A& O 9354 9554 Watertown L & P 5s 1959-J&J 1st & ref 6s 1953 ser C _ M&S 99 10054 Northern Ohio Power— 1st & ref 5s ser D 1953__ M&S 10-yr 7s 1935____________ F&S Pennsylvania Util 6% notes 1926 94 9254 Northern Ohio Trac & Light— Penn Water & Power s f 5s ’40J&J 1st consol gold 5s 1933____J&J 95 99 1st ref 554s 1953 ser A __ A&O 1st consol gold 4s 1933____J&J Pensacola El Co 1st 5s ’31 _-F&A 85 87 1st lien & ref 5s 1956_____F&A People’s G L & Coke, Chicago— 85 87 Secured 6s 1926 ________ J&D 1st cons g 6s 1943 A&O 9854 9954 Gen & ref 6s 1947 ser A .-M & S Refunding gold 5s 1947--M&S 9554 9554 North Ont L & P 6s Apr ’31-J&J Chic G L & C 1st 5s 1937.-J&J 9854 9754 Northern States Power Co— Consum Gas 1st g 5s '3 6 --J&D 1st & ref 5s 1941.............A & O 9554 9554x Ind Nat G&O g 5s ’36 gu.M&N Mutual Fuel Gas g 5s ’47 M&N 1st & ref 6s 1941 ser B - - A&O 10454 105 Conv 6H s 1933 - _____M&N 11754 11754 People’s Traction— See Phila R T 654% gold notes 1933---M & N 103 10354 Peoria Bloom & Champ Trac— 1st gold guar 5s 1936------M&N 1st lien 6s 1948 ser A ____M&N 104 Nor States Pow o f Wis— See Wis- Minn L & P Peoria Ry 5s 1926- ______F&A Peoria W W Co pr 1 5s ’4 8 --M&N Northern Texas Electric Co— 1st con 4s 1948 _____-M&N Coll tr s f g 5s 1940 o p t__ J&J 84 8154 __ M&N Northern Texas Traction Co— 1st con 5s 1948___ Deb 4s 1950...............- M&N 1st g 5s 1933 opt 1 9 1 3 __ J&J 9554 9454 Philadelphia Company— Nor Westch Ltg 5s 1955____J&D 1st coll trust g 5s 1949— M&S Northwestern Electric Co— Cons M coll tr g 5s 1951-M&N 1st gold 6s 1935--- ___ M&N 102 10354 1st mtge 5s 1941 o p t__ .M & S 7854 Union El (Loop)5s g ’45 -A&O Northwest Gas L & Coke (Chic) Cons g 5s Dec 1 1928 __ Q-M Cicero Gas gen & ref 5s ’32 -J&J 9854 Northw Teleg— See W U Teleg Norwich(Ct)Gas & E g 5s’27-J&J 100 Nova Scotia Tr & Pow 5s 1946r 85 98 Ogden Gas 5s 1945 _______ M&N Ohio & Nor Gas 7s 19 25---M &N 100 Ohio Pow 1st 7s 1951 ser A ..J & J 106 1st & ref 5s 1952 ser B_ J&J 9354 1st & ref 6s 1953________ M&S 103 Deb g 6s 2024 __________ J&D 94 Ohio Public Service Co— 1st M & ref 7 54s ’46 ser A .A & O 11154 1st & ref 7s ’47 ser B ____F&A 11054 1st & ref 5s '54 ser D . _M&S 9154 Ohio River Edison Co— 102 1st m s f 6s 1948-- ______ J&J Ohio Service 1st 6s 1937 --M & N 101 Ohio State Telephone— Cons & ref s r 4s-5s 1944--J&J 9954 98 Oklahoma Gas & Electric— 1st M 5s 1950___________ M&S 9154 96 Debenture gold 6s 1940__ M&S 50 Oklahoma R y 1st & ref 5 s ’41 J&J Omaha & Council Bluffs St R y— 77 1st consol g 5s 1928-- - - -J&J Omaha & Coun Bluffs R y & Br 1st cons g 5s Jan 1 1928 -J&J Ontario Pow 5s ’43 op to '13 F&A 99 h Ontario Transmission Co Ltd— 1st gu g 5s ’45 op bef '16- -M&N 9654 Orange & Pas Val Ry— See P S Corp 65 Oregon Elec Ry 5s ’33 opt--M & N Ottawa Elec 1st g 5s 1933 J&D Ottawa Traction— 1st M & col 5 54s J u ly ’ 55- J&D 99 Pacific Coast Pow 5s 1940 M&S Par'fflp TCIpp Ry g fis 1Q42 J&.T Los Angeles Pacific Co— 82 1st ref g 4s 1950 o p t '15 -J&J L A-Pac RR con 5s ’31 A&O 9654 L A Pa RR Cal 5s ’4 3 --M&S 8554 Los Ang & Pas 5s g 1928- J&J 9754 90 Pasadena & M t L 4s ’ 50 J&D Pacific Gas & El ref 5s '42 J&J 9554 1st & ref 7s 1940 series A .J&D 110 1st & ref M 6s 1941 ser B J&D 10554 1st & ref 554s 1952 ser C.J& D 1st & ref 5s 1955 ser D_ J&D Pacific Gas & Elec (Arizona)— 1st M 6s Jan 1931 - _ J&J Pacific Gas Imp 4s Sept *30-Q -M Pacific Light & Power Corp—■ 98 1st & ref s f g 5s 1951 op M&S 9954 Guaranteed . _ _______ Secured g 6s 1940 _____F&A Pacific Pow & L 1st 5s ’30 -F&A 1st lien & gen M 8s 1930 -F&A Pacific Teleph & Telegraph— 1st & col tr s f g 5s 1937--J&J 2 R ef M 5s 1952 series A . M&N Pasa & M t Lowe— See Pac El Ry Paterson R y— See Pub Serv Corp &Basis. 79 7754 99 90 99 107 94 105 9554 11254 112 9254 10254 10154 101 100 92 9854 55 79 100 68 100 9254 83 86 9054 9554 11054 101 95 100 10054 9854 101 9954 10054 9654 9354 10054 97 9554 This price includes accrued interest, 1st ref & coll tr 6s ’44 ser A F&A Conv deb 554s 1938 -M&S Alleg Belle & Per 5s 1935-A&0 Ardmore Street 5s 1958.-A&O Central Trac 1st 5s 1929--J&J Citizens’ Trac 1st 5s ’2 7 --A&O Duquesne Light 6s 1949--J&J 1st & coll tr 554s '49 B.J&J Duquesne Trac 1st 5s ’30--J& J Fed St & P V 5s M ay 1 ’42. J&J Ft Pitt Trac 1st 5s 1935--J&D M illv Et & Sh 5s 1 9 2 3 -M&N Monong St R y 5s g 1928-J&D Wilk & E Pit 1st g 5s ’29-M &S M orn’side El St Ry 5s '33 A&O Mount Washington St Ry— 1st & coll tr gu 5s 1933-A&0 Pitts Alleg & M gen 5s '30 A&O Pitts & Bir Tr 5s g 1929.M&N B K & A Trac 6s 1931- -M&S Brownsv Ave 5s 1926--F&A W Liberty 1st g 5s ’3 0 --J&J Pitts & Charleroi 5s '3 2 .-M&N Pitts Trac 1st 5s 1927— A&O So Trac 1st & coll tr g 5 s ’50 A&O 2d Ave Tr 1st 5s 1934____J&D Gold 5s July 1933______J&J United Trac 5s 1997 ctfs.-J& J West End Trac con 5s ’38-J&J Phila Elect 1st 5s 1966_____A&O 1st M 4s 1966--- - -..A & O 1st lien & ref 6s 1941. . . J&D 1st & ref 554s 1947 ____J&D 1st lien & ref 5 54s 1953--M&N First lien & ref 5s 1960__ J&J 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 '62 opt T 7 ____M&S 6s gold 1962 . M&S Eq tr 554s ’25-’33 (s-a)._F&A Eq 5 54s ’26-’34 (y r)..J & D 15 Darby Media & Ches St Ry 1st 4 54s ’36 opt '16 gu _J&J Hest Mantua & Fairm 554s ’34 Market Street Elev Pass Ry 1st g gu 4s 1955 __ .M&N Union Traction— Elec & Peo 4s tr ctfs ’4 5 -A&O People’s Traction Co— P P Rv tr ctfs 4s '43 -F&A W Phila Pass 2d 5s ’26-M&N Philadelphia Suburban Gas & Elec 1st M & ref g 5s ’60 op T5 F&A Gen M 6s 1969--- - ---J & D 1st consol 6s 1943 - - -J&D Phila & W Ches Tr 4s 1954--J&J Phila & West Ry 5s 1960------J&J Pine Bluff Co 5s 1942______J&J 1st 6s 1942_______________J&J Pitts Alleg & Man— See Phila Co Pitts & Birm Tr— See Phila Co Pitts & Charleroi— See Phila Co P M cK & Con— See W Penn Rys Pittsburgh Trac— See Phila Co Pittsburgh Rys— See Phila Co Pontiac Light 1st 5s 1927.-J&J Portland (Me) El 5s '26 opt F&A Portland (Ore) Elec Power Co— 1st 1 & ref 6s 1947 ser B M&N Portland (Ore) Gas & Coke— 1st & ref g 5s '40 opt ’2 0 --J&J 1st general 7s 1940 J&J Portland Gas 1st 5s 1951-F&A k Last sale. /I n London, 100 54 91 93 ____ 93 104 108 ____ ____ 9954 10054 10354 10454 9854 9754 ____ 101 ____ 105 10354 110454 95 9654 10254 104 9654 102 98 ____ 9754 9354 99 99 9454 9954 9854 99 101 97 9954 100 102 98 106 97 10454 9754 100 10054 ___ 90 10654 98 105 9754 101 ____ 10254 ____ 11054 9854 10054 100 ____ 9854 100J4 ____ 9154 ____ 88 ____ 94 6854 80 36 102 9554 965s 10454 98 80 62 80 85 10554 10454 81 75 75 80 80 78 80 — — 96 70 82 ____ 96 54 10454 99 85 ____ 85 95 10654 105 85 80 80 90 ____ ____ 86 ____ 86 90 ____ ___ 80 8454 77 82 85 80 75 75 78 83 65 70 80 64 75 103 84 107 106 ___ 10054 85 70 75 85 66 80 10354 ____ 10754 10654 10654 10054 84 85 85 90 9854 100 9954 86 92 9854 8254 ____ ___ 8554 ___ 9854 ___ 62 63 ___ 99 65 9954 9954 104 10354 75 9454 94 103 10054 105 10454 9954 99 96 96 106 100 ____ 99 9954 96 ____ 9754 ___ n Nominal, B onds. Bid. Ask. Portland (Me) RR 354s 1951 J&J 1st 1 & con m 5s 1945 _ M&N Portland Ry Lt & Power— 1st & ref s f 5s 1942 op F&A 1st & ref 6s 1947 series B M&N 1st 1 & ref 7 54s ’46 ser A M&N Portl’d R y ref 5s ’30 op.-M & N City & Sub con 4s ’30 -J&D Port Gen Elec 1st 5s ’35 -J&J Portland (Me) Water 4s ’27-F&A Porto Rico Rys, Ltd— 1st g 5s Nov 1 1936 op .-M & N Gen & ref 5s £ 1962 - - -M&N Porto Rico Telep 6s 1944----J&D Potomac El Pow 5s '29 o p .-J & D Cons M g 5s 1936 guar J&J Gen lien & ref 6s 1953. - -A&O Refunding 7s 1941------..A & O Power Secur colltr 6s ’49 J&D Incomes June 1949 — F&A Prov Secur— See Steam R R ’s— Public Service Co of Colorado— Conv s f deb 7s 1933A&O 1st & ref 6s 1953 series A M&S 1st & ref 554s’54 series B M&S Public Service Co of Nor 111— 1st & ref g 5s 1956 op '21 A&O 1st ref 554s 1962_________ J&D Public Service Co of Oklahoma— 1st M 6s series B 1949- _M&S Public Service Corp of N J— Trust certs 6% perpet _ M&N Gen g 5s Oct 1 1959 o p . -A&O Secured 6s 1944. _ . - -F&A Camden Sub 1st 5s 1946 J&J Cons Trac 1st 5s 1933 J&D Eliz Plainf & Cent Jersey R y— 1st g 5s Dec 1 1950. ..J& D Elizabeth & Trent 5s '62 A&O J C Hob & Pat 4s 1949- M&N Newark Pass con 5s '30— J&J Newark Term R y 5s '55-.J& D N Hud Co R y cons 5s '28. J&J 2d 5s ext at 6% to ’26 M&N Nor Jer St R y 4s 1948--M&N Or & Pass Val 1st 5s ’38 J&D Paterson Ry— Con 6sg’31-J&D 2d 6s T4 ext 5% to ’44-A&O Riverside Trac 5s 1960 -J&D So Jersev Gas El & Trac— Guar g 5s Mar 1 1953 M&S Public Service Elec Pow Co— IstM s f 6s 1948_________ A&O Public Service Elec & Gas Co— 1st & ref 554s 1959-- -.-A & O 1st & ref 5 54s 1964-.A&O Public Utilities Evansville— 1st & ref 6s 1929_________ J&J Puget Sound Power Co— 1st g gu 5s 1933 op t------- J&D Puget Sound Power & Light— 1st & ref 554s 1949 - -J&D Puget Sound Electric Ry— 1st consol g 5s '32 op .-F & A Tacoma Rv & P 5s '29-A & 0 Wash Coast Util 6s 1941.. - - Quebec Power Co— 1st M s f 6s 1953 ser A.A& O Quebec R y Lt H & Pow— Cons g 5s 1939 op t-----------J&D Queens Bor Gas & El 5s '52-J&J R ef 6s 1953______________M&S Ouincv (111) Gas Elec & Heat— 1st cons g 5s 1935 op T0-M & S Ouincv G & E 5s 1929— M&S Quincy (111) R y 5s 1932— F&A Racine (Wis) Water 5s '31-M&N Railway & Light Sec 5s var------Ran Tr St Ry— See Pub Ser Corp 62 82 66 85 8854 99 107 95 9054 9954 99 8954 9954 108 9654 Ask. 76 96 100 100 106 10754 91 f 82 100 9954 .... ____ 99 __ ____ 107 108 94 84 9954 9954 9254 10054 10054 9354 rr 95 100 9954 10054 10054 10454 9854 75 76 10154 10454 9854 85 78 71 80 5654 88 97 95 100 93 68 90 60 83 _______ 58 54 90 98 98 107 10354 103 10354 10354 lu l 54 99 100 99 101 90 9854 101 .... 100 103 102^ 103 ____ 98 10454 ____ 9954 10554 93 95 91 96 93 - -- — 9254 98 96 Roch R y cons 5s g 1930.-A&O 88 2d 5s g 1933 ------..J & D Rochester & Syracuse R R — __ _ 43 1st M conv 5s 1957------- M&N 100 Roch Telep gen 5s 1933----A&O 1st & ref 6s 1946-------------- A&O 105 Rockford (111) Electric Co— __ 98 1st & ref s f 5s ’39 op 14-M&S — Rome (Ga) Ry & L 5s ’4 6 --A&O Rome (N Y) Gas, Elec Lt & P— 97 1st 5s 1931- - - - -J&D 96 1st ref 5s 1946— - - - - - - - - - - - 85 Rumford Falls Pow 4s 1945-A&0 93 Gen M 454s Dec 1929---J&D ____ Rutland Rv Lt & P 1st 5s’46-M&S Sacramento Elec Gas & Ry— — Cons 5s Nov 1 1927. - - M&N St Charles St R R — See N Orl Ry & Lt St Clair County (111) Gas & Eb— 94 1st cons guar 5s 1959------M&S — St Joseph Gas— 1st 5s 1937--J&J St Joseph R y, Lt Heat & Power— 9154 1st g 5s Nov 1 1937— M&N St Louis R R — See Un Rys (St L) St Louis Springf & Peoria R R — 86 1st & ref gu g 5s '39 o p t J & D — St Louis & Springf 5s ’33-J&D St L & Sub Ry— See Un Rys(St L) St L Tran— See Un Rys (St L) St Maurice Power Ltd— _ 1st M 6 54s 1953_________ F&A r 107 s Sale price .... 9754 99 Red Wing G L & P— See Wis-Min n L & P Rhinelander Light & Power Co— 100 1st g 6s 1936-------------- ...J & J — Rhode Island Sub 4s 1950--J&J Richmond (8 I) Lt & R R — __ _ — 1st coll tr g 4s 1952-----------J&J Rio de Janeiro Tram Lt & P— 8954 1st g 5s 1935------------------- J&J Riverside Trac— See Pub Ser Corp 9954 Roanoke G L 5s 1927--------- A&O 93 Roanoke Ry & El 5s 1953.-F&A 91 Roanoke Tr & Lt 5s 1958--F&A — 1st g 5s 1950 ser A ------------ J&J Rochester Gas & Elec Corp-j-__ _ Gen M 7s 1946 series B ..M & S 11054 Gen M 554s 1948 series C .M & S 104 10154 Roch Ry & Lt 5s ’54 op t------J&J r Canadian price, __ 95 10654 10054 r 96 101 101 — — 9054 100 95 93 93 11154 10454 — 98 92 46 10154 10654 — 99 98 90 96 ____ ____ 95 — — 87 ---- 108 40 PUBLIC UTILITY BONDS [V ol. 121. N O T IC E .— A ll b o n d p rice s a re “ a n d I n t e r e s t ’ ’ e x c e p t w h e re m arked . " t ” a n d in c o m e a n d d e fa u lt e d b o n d s . Bid. B on d s. St Paul C ity R y— See T w in C ity St Paul Gas Light— Gen gold 5s 1944_________ M&S Gen & ref 5 H s 1954 ser B .J & D Gen & ref 6s 1952_________ J&J Salisbury & Spencer— See N o Car Salmon R iv Pow gu 5s ’ 52 op F&A Salt Lake Term 6s 1935____ J& D Salt R iver Val W ater Users Assn 6s 1938____________________ F& A San A ntonio G & E 5s 1 949-M & S San A ntonio Public Service— 1st ref 6s 1952 series A ___J&J San D iego Consol Gas & E lec— 1st g 5s 1939 op t 1914___ M&S 1st & ref 6s 1939 ser A ..M & S 1st & ref 5s 1947 ser B__M &S 1st & ref 6s 1947 ser C ___M&S Sand Frem & So R y — See Lake Sh San Fran G & E 454s 1 9 3 3 --M & N N o t callable_________________ San Joaquin Lt & Power C orp— 1st & ref g 6s ’50 ser A .-F & A Series B _______________ Series C ____________________ U nif & ref 7s 1951________M&S U n if & ref 6s 1952 ser B .-M & S U n if & r ef 6s M a y 1 '54 E .M & S San Joaquin Light & Pow er— 1st 5s 1945 op t aft ’ 1 0 --J & D Santiago (C uba) E lec L t & T r— 1st g 6s 1959 op t 1919------ J&J 8ao Paulo Tram L t & Pr, L td — 1st g 5s June 1 1929_____ J& D Savannah E lec & Power C o— 1st & ref 754s 1942 ser A . A & O Savannah Elec C o 5s g ’ 55 Saxon Public W orks. In c— A sk. B on d s. S 1st s f g 5s 1929__________ F& A 99 54 100 10054 General & re f 5s 1933____ A&O 9954 101 102 s pringfield & N E T r— 105 103 54 1st 5s 1936_______________ J&D 8454 o Pub S srv s pringfield (M o ) R y & L t Co— 100 101 100 1st s f g 5s 1926 o p t _____ M&N 9254 ------ s pringfield (O) R y 1st 5s '35 M & S 1st M 5s 1925-1935_____ M & S 10054 10354 S tandard Gas & E lec o f Delaware 9754 98 54 6 % g notes 1935_________ A&O 142 C on v g deb 654s 1954____ J&J 103 g taten Island Edison Corp— 10154 10554 R e f & im pt 654s '53 ser A .J & J g teinway R y — See N Y & Queens C o R y 100 54 101 102 54 uburban Gas C o o f Philadelphia 93 9 5 " ' S 1st s f g 5s A pr 1 ’52 op '07 A&O 102 54 ------ g uperior W ater, Light & Power— El R y 1st 4s M a y 1931_________ M&N R e f 5s 1929______________M & S ------ g 103 103 104 10754 103 100 9954 r lO l" 79" 7954 9354 95 81 100 100 92 97 54 9154 10054 r 99 54 1 1st & ref 6s 1947 ser A ___J& D 1 10214 9 4 14 1 1st & ref s f g 5s ’45 o p t . _A&O 9 5 " q 'erre H aute T ra c & Light— 1st con M g 5s 1944_____ M &N 9154 Terre H aute El 5s 1929___J&J 9554 n 'erre Haute W W Corp— 1st M 6s 1949 ser A ______ J& D 75 1 ^ 'exarkana G & E 5s 1930___J&J ------ r 'ex E lec R y deb 6s 1942____ J&J 1st & re f 5s 1947_______ ...J & J T ex T ra c 1st 5s ’37 o p t ___J&J 81" 'exas P ow & L t 1st 5s ’3 7 . -J & D 8054 ^ D eb g 6s 2022 ser A ______ J&J 9554 r 'hird A venue R y (N ew Y o rk )— 1st re f g 4s 1960 opt aft '14 J&J A d j inc g 5s Jan 1960 op t.A & O Third A ve RR 1st 5s g '3 7 .J&J 10054 D ry D o ck E B w ay & B attery 10054 1st 5s gold 1932________J&D N ew re f M ser C in com e____ 9354 42d St M & St N 1st 6s 1920 ext at 5 % to 1940_________ M&S 93" Sou B oulevard g 5s 1 9 4 5 --J& J U nion R y 1st 5s g 1 9 4 2 .-F & A W estchester El 1st 5s g ’43 J&J Y onkers R y 1st 5s 1 94 6 --A & O — 101 10354 105 ec Co 10154 104 54 10554 91 93 7654 9154 94 7754 9654 9754 1st s f 7s 1955 ser A ___M&S15 oledo Bowl Green & Southern 1st M 6s 1941___________ M&N 1st M 5s 1947______ ____ M&S Sierra & San Francisco Power— Sioux C ity Gas & E lectric Co— 1st 25-yr 554s 1950 ser C _ F & / Somerset Un & M iddlesex L tg— 83 So B end & M ishawaka Gas— 6 % notes 1925___________ F&A 5 14 % notes July 15 1930-J&J15 U nstam ped 100 86 85 N ew & C o v R y 9954 87 South C o v & Cin St R y — See Cin South Ferry— See N Y R ys— South Jer G E & T — See Pub Sert C orp South Pittsburgh W ater C o— 1st lien & ref 5s 1960 ser A_J& ; 9254 Southern B ell Telep & Teleg— 1st s f g 5s 1941 op t 1 9 1 6 --J&^ 10154 Sou B ’ vard— See Third A ve R y — Southern California Edison— 100 104 101 95 104 10054 — Southern C alif Telephone— 9754 1st M 5s 1947_________________ Southern Canada Pr C o L td — I r 10354 Southern C olorado Power C o— r 9854 f 1 97 Southern Gas & Power C orp— ) 98 J 105 3 1st 654s_ 1949 series B ____ J ____ Southern Illinois L t & P ow erI 10154 Southern Indiana Gas & E lec— I 9954 J 10554 3 9854 Southern Sierras Power— 1st s f gu 6s Sept ’36 op ’ 18J 10254 Southern T rac— See Phila CoJ 101 Southern Utilities 6s 1 9 3 3 --/ Southern W isconsin E lec Co99 ls t g 6s 1936______ _______ J& Southern W ise P ow 5s ’3 8 3 91 Southwestern B ell T elep— \ 9954 \ 97 4 9654 Southwestern Light & Power 1st & col 6s 1937_________ I S 9754 Southwest Pow er C o— <T 101 Southwestern Pow er & L igh t— J 95 S 9354 J 5 S 3 3 * ____ ____ ____ 100 99 9754 95 10154 105" 102 96 lO l" 99 99 100 103 10054 lo o " 10354 10254 100 9254 9954 9754 9654 99 87 90 d E lec 1st M g 5s 1933 s f o p ___J& D 10054 -] ------ rj 101 Second A ve— See N Y R y s . 2d m tge g 5s 1930--------------J&J 93 70 C on & refg s f 5s 1929___ 8eattle-E verett T raction— 10454 g 98 9154 9454 C oll trust 6s 1934. 10354 S 1st M g 5s '47 o p t '1 7 ___M&N 96 106 93 S chenectady R ailw ay C o— Shawinigan W ater & Power— Ask. R T -J& J 68 100 10054 99 54 145 10714 30 10054 89 92 102 % 70 8914 99 97 77 77 91 98 54 94 81 80 9354 9914 95 5 6 14 4 0 14 94 56 V4 40% 9 5% 78 54 10 81 60 7854 66 69 N Y R ys 7 2 14 70 72 90 9014 108 QQ e El R y 99 90 10814 100 9954 9854 10054 9854 99" 94 9254 99 54 56 80 98 1st & re f g 5s 1930 o p t ____ J&J ri-State T elep & Teleg— 5 54 s 1942________________ M&N 10354 roy C ity R y — See U n T r (Alb) 102 ro y Gas 2d 6s '23 ext to ’33 F & A 98 C onsol 5s 1939__________ M & N 8th & 29th Sts— See 3d A ve R y 3d Street R y— See N Y R ys 'win C ity R apid T ransit Co— 102 St Paul C ity 1st g 6s 1932 A&O 102 1st cons 6s g 1934_____ A&O 95 C able con 5s 1937____ J&J15 M inn St & St Paul C ity— 97 C ons guar g 5s 1928___A&O 99 Tw in C ity Telep 5s 1926____ J&J Tw in States Gas & Electric— 9 1 14 1st & re f 5s O ct 1953____ A&O 95 1st 1 & re f 554s 1945 Ser A .M & S T y rol H ydro-E lec P ow Co— 1st M s f 7 14s 1955__________ U jigawa E lec Power (Japan)— 91 1st M s f 7s 1945_____ M&S 15 U nderground E lec R y o f London 91M 414s Jan 1 1933__________ J&J Incom e 6s Jan 1 1948------------- . 8954 U nion D epot— See U nited R ys St Louis Union E lec L t & Pow er o f Illinois 101 1st M 554s 1954 ser A ____ J&J Union E l L t & P ow C o o f St L— 10054 1st g 5s Sept 1 1932_____ M & S 9914 R e f & ext 5s '33 op aft '18 M&N Union E lev R R — See N W E lev Union R y— See T hird A ve R y Union R y Gas & E lec C o (111)— 99 C oll tr g 5s 1939 con v o p .-J & J Union T rac C o o f Indiana— 23 1st 5s ’ 19 ext at 6 % to ’2 2 .J&J Indianap N orth 5s 1 9 3 2 ..J & J M u n & Un C ity 5s 1 9 3 6 .-J& J United E lec L t & Power Balt— 9814 1st cons g 414s 1929_____ M&N 87 U t E lec Co o f N J 4 s ’ 4 9 . -J & D 10054 — — 9454 6 l" — 99 10454 103 100 97 98 100 9214 9 6 14 9 6 14 93 10114 101 100 100 26 >4 1 7 "' 99 88 C ertificates______________ W ashington B alt & Ann E l— / / A sk. 8 8 6954 ow & L 9954 103 7954 10254 9154 9154 84 W ash’n (D C ) G L 5s 1 9 6 0 -6s M 1933 series A . . _____ A&O W ash R y & E l g 4s 1951____ J&D Gen & re f 6s 1933______ M & N A nacost & P o t 5s 1949___A&O G uaranteed___________ C ity & Sub 5s g 1948____ F&A W ashington W ater Power C o— C onsol & coll tr g 5s 1 9 2 9 --J& J 1st re f 5s 1939 o p _________J&J W aterloo C ed Falls & N o R y — 1st M s f g 5s 1940 op ’ 1 5 - -J& J / C ertificates o f dep osit----------/ W atert’n L & P — See N o N Y U til W estchester E lec— See 3d A v R y W estchester L t 1st g 5s ’ 5 0 --J & D N Y Sub Gas— 1st g 5s ’49-M & S W est Chester (Pa) St R y — 1st g 5s A ug 7 1932______ F&A W est E nd St R y — See B oston El W est Liberty St R y — See Phila Co W est Penn Pow er— 1st M 5s ’46 o p ’21 ser A .M & S 1st M 5s 1963 series E ____ M&S 1st M 5s 1953 series F ___A&O 1st M 7s 1946 series D ___ M&S W est Penn R ailw ays C o — 1st g 5s Jan 1 1931______ A&O D e b g 654s 1927_________A&O P itts M cK e e s & Connells R R 1st cons 5s Jan 1 ’3 1 ____ J&J W est Penn T r 1st 5s I 9 6 0 --J & D W Phila Pass R y — See Phila R T 72 62 52 9954 ____ 98 9754 101 100 66 7054 9554 51 73 98 87 100 111 10054 6 9% 79 10054 9 9% 48 58 55 10654 93 95 100 8654 9554 9454 104 10154 10154 78 95 101 100 96 96" 9554 9754 100 97 15" 70 10054 10354 7954 102 54 85 10154 10054 10 10 13 13 101 10154 73 — - 9854 9254 10454 10554 9754 10454 10654 97 101 9854 10154 89" § i" 100 103 96 9454 99 lO l" 9954 a Purchaser also pays accrued dividend, b Basis, d Price per share, not per cent. /T h is price includes accrued interest, o Per cent of par value, r Canadian price, s Sale price, x Ex-dividend, u Ex-rights. Bid. B on ds. U nited E lec R y s (P roviden ce)— 68 P rior lien M 4s Jan 1946 ser B . 58 Gen ref M 5s Jan 1951 ser A ___ 48 Gen re f M 4s Jan. 1951 ser B __ United E lectric Securities C o — C oll tr g 5s 1933 to 1 9 5 5 --F & A U nited Fuel Gas 6s 1936____ J&J 7 !4 s A ug 15 1931_____ F& A15 98" U nited G & E C orp 6s ’4 5 . -A & O U nited Gas & E l (S F) 5s ’3 2 .J&J U nited Ulum C o N ew H aven— 93 1st 4s Feb 1 1940_________ F & A U nited L ight & Pow er C o — 9654 D e b g 614s 1974__________ M&N 9954 554% g notes 1928---------- M & S 9654 U nited L t & R y s 1st 5s ’3 2 ..J & D 100 C o n v deb 6s 1926________M & N 99 1st 1 & cons M 6s '52 ser A . A&O U nited Power & Tran— 40 D el Co & Phi tr ctfs 4s ’4 9 .J&J 65 U nited R ys tr ctfs 4s '4 9 --J & J U nited P ub U til 6s 1943____ J&J U nit R ys & E lec (B altim ore)— 6954 1st consol g 4s 1949_____ M&S 9554 1st con M 6s 1949------------ M&S 5054 In com e g 4s 1949 o p ’2 9 . -J & D 7254 In c funding g 5s 1936-------J& D 9754 6 % gold notes 1927---------- F& A B alt Sparrows P t & Ches— 1st g gu 414s 1 9 5 3 ----F & A 8554 99 B alt Tr C o 1st M 5s ’2 9 -M & N 100 N o B alt D iv 1st 5s ’4 2 . -J & D C ent R y con M g 5s 1932-M & N 9914 9 9 14 E x t & im p 5s 1932____ M&S 9 8% L ake R o El 1st 5s ’4 2 .M & S U nited Railw ays o f H avana— 110 E q 714s Feb 15 ’3 6 ____ F & A 15 U nit R ys (P hila)— See U nit P & T United R ys o f St Louis— 100% 6 % receivers ctfs 1926-----A& O 69 Gen g 4s July 1 1934-------- .J&J 7 7 14 Gen g 5s A pr 1 1923 g u .-A & O St L ouis Trans C o 5s '2 4 - -A & O f 69% U nited R ys Investm ent C o— 99% 1st lien coll tr s f g 5s ’2 6 - -M & N 9 9% S tam ped_____________________ U nited T raction (A lbany)— 46 C on g 414s 2004_________ J& D 74 A lbany R y con M 5s g '3 0 -J& J 55 Gen g 5s 1 9 4 7 - - - ...........-J & D 50 T ro y C ity R y 5s g 1 9 4 2 --A & O U nit T r (P ittsb )— See Phila C o U nited U til 1st 6s ’43 o p '1 8 -J& J 1 03 14 U S Pub Serv 1st 6s '2 7 ____ F& A U S Telephone 1st 7s 1921 ext to 105% 1941_________________ J& D Urbana & Cham R y G & E — 5s 1929____ 92 U tah Gas ic <5oke 1st 5s ’3 6 --J & J 94 U tah L t & P con s g 4s ’3 0 - -J& J 98 P 1 5s 1930______ J&J U tah Light & T raction— 1st & re f 5s 1944 series A . A&O 95 U tah P & L 1st 5s 1944-------F& A 93 D eb 6s M a y 1 202 2 _____ M&N 102 1st 1 & gen M 6s 1944____ F& A 10054 Utica E l & P 1st 5s 1 9 5 0 -- -J& J 100 U tica G & E l re f & ext 5s ’5 7 -J&J 10054 Gen 514s 1949_________ J& D15 U tica & M oh aw k V alley R y — 76 1st g 414s 1941______ M&S 85 U tica B elt L 1st g 5s ’3 9 - -M & N 10054 Valley C ounties P ow 5s '30-M & N Verm ont H yd ro-E lec C orp— 99 54 1st M 6s 1929_____________A& O 97 94 9954 93 9454 Virginian P ow 1st 5s 1942. .J& D Virginia R y & Pow er— 97 54 9954 N o rf & Ports T r 5s ’3 6 — J& D k Last sale, n Nominal, Aug., 1925.] PUBLIC UTILITY BONDS AND STOCKS 41 NOTICE.— All b o n d prices are “ and Interest” except where marked “ f ” and incom e and d efau lted b on ds. B o n d s a n d S to c k s . Bid. A sk. W est Va L H & P 6s '2 9 ___J& D 97 34 100 94 98 W est Va Utilities 6s 1935--J& J W esterly L & P 5s 1937____ J& D 94" W estern N Y Utilities 5s ’46 J&D 96" W estern Pow er C orp— 99 D eb s f 6 K s 1954________ J&D 10034 Western P ublic Service C o— 1st M 6s ser A 1950_____ A&O 96 100 Western States Gas & E lectric— 1st & re f 5s 1941 o p t _____ J&D 9834 1st & unif 6s ’47 ser A ___M&S 100 34 9954 6 % gold notes 1937_____ A&O 95% lo o " W estern T & T coll tr g 5s ’32 J&J 10034 W estern U nited C orp— 98 34 100 C oll trust 6 % notes 1 9 4 0 --J& J C ol tr 534 % notes ’30 ser E J& D 100 9834 Western U nited Gas & E l C o 91 Gen M 5s 1950___________ F&A 93 101 Gen M 6s 1950__________ F&A 102 100 W est Un T eleg coll tr 5s ’3 8 - -J& J 10134 Pdg & R E M 4 34s g ’50-M & N 97 96 34 111 634s A ug 1 1936_________ F&A 11134 M u t Un 6s ext at 5 % t o ’41 M&N 97~ N orth w ’n gu g 434s 1934--J& J 9734 92 W hatcom C o R y& L t 5s ’35 M & N W heeling (W Va) E lec C o— 1st M 5s 1941 o p t ________M&N 100 W heeling Public Service C o— Cons 1st 6s O ct 1952__________ 83 W heeling T ra c 5s g 1931____ J&J W ichita R R & L t re f 5s ’32.A&O 8634 W ilkes-Barre G&E 5s ’55 op t J&J 100 9934 W ilkes-Barre & Hazleton R R — 1st coll tr g 5s 1951___M&N15 f 48 50 W ilk & E P itts St R y— See PhilCo 98 W ’m sport Gas— 1st g 5s '39 F&A W ilm ington & Chester T raction— 95 C oll tr 6s ext 1933________ A&O 9634 W ilm ington (D el) Gas Co— 93 1st & re f s f 5s 1949______ M & S 9434 1st & re f 6s 1949_________ M & S 9934 10034 103 1st & ref 7s 1949__________ M & S W ilm ington (D el) Light & P C o— 1st M 5s 1960_____________A&O 9434 9534 W innipeg El— 1st ref 5s ’35-J& J 9334 Gen M 6s 1943__________ M&S W isconsin E lec Power C o— 9734 1st M 5s 1954 ser A _____ F&A 9834 W isconsin Gas & E lectric— 100 99 1st g 5s 1952 op t 1919___J& D W isconsin-M inn Light & Pow 1st & ref 5s 1944 op ’ 1 9 --M & N 9634 9534 103 Gen & re f 7s 1947_________ J&J 105 100 R ed W ing G L & P 5s 1926____ Wisconsin Pow er & Light C o— 91 92 1st & r e f 5s 1946_________ J& D 99 100 1st 1 & d 6s 1944 ser C ..M & N W isconsin Public Service Corp— 10034 102 1st 1 & r e f 6s 1952 ser A ___A& O 1st & re f 5s 1942__________ J&J 98 9634 W isconsin R y Light & Pow er— 1st & r e f 5s 1933__________ F&A 9334 9434 91 W iscon R iv Pr 1st 5s ’4 1 - -M & N 93 W isconsin T rac L & H Pow — 1st M 5s 1931_____________J&J 9734 9934 7)^s 1931______________________ 10534 Wisconsin Valley E lec— 97 1st & re f 5s 1942_________ M&N 1st m tge 534s 1942_______M&N 10134 W orcester & C onn Eastern R y — 1st s f g 434s 1943_______ J&J 7534 82 34 W ore C on St R y 634s 193 0 .F & A 96 98 ‘A 85 1st & ref g 434s 1930_____ F&A 92 90 D eb g 5s 1927__________ M & N 70 W ore & Clint 7s 1930____ J&J W orcester Gas Light C o— 105 1st M 534s 1939 ser A ____ J&J 1st M 6s 1939_____________J&J 105 85 W ore & So St R y 7s 1 9 2 8 --M & S 95 Yadkin R iver Pow 1st 5s '41 A&O 97 9834 Yarm outh L t & P ow er, L td — 84 1st M 5s 1937___________ A&O 88 98 1st refunding 8s 1951____ M & N 102 Yonkers R y— See Third A ve R y Y ork H aven W ater & Pow er— 100 1st 5s June 1 1951________ J& D 9834 Cons M 5s M a y 1 1 9 5 7 --M & N 9134 95 Y ork R ys 1st M g 5s ’37 o p . J& D 9534 Youghiogheny H yd ro-E l C orp— 101 1st M 6s 1949___________ A&O — Youngstown & Ohio R iver— 1st M g 5s 1935 op t ’ 1 5 .-A & 0 — Youngs-Shar R y & L— See Pa-O P & L " Youngs-Shar R y & L— See M a h & S R y & L Zanesv R y L & P — See C ol N ew & Zanesv P U B L IC U T I L I T Y S T O C K S . Alabama Power p re f__________ 100 Alabam a T r , L & P , c o m ______100 Preferred __________________100 A lbany Southern R R c o m ____ 100 P referred ___________________ 100 A ll Am erica Cables I n c _______ 100 Allegheny Trac— See Phila C o A m er D ist Teleg (N J) o ld ____ 100 N ew com m on_________ (no par) N ew preferred______________ 100 Am erican E lec Power p ref___ 100 Am erican & Foreign Power— A llot ctfs for p f & com 2 5% p d . C o m m o n ______________ (no par) P referred ______________ (no par) A m er Gas & El c o m _____ (no par) 6 % preferred (n ew )_______ (t) A m er Gas o f Pa v t c __________ 50 Am er Light & T ra ction _______ 100 P re fe rre d ___________________ 100 Am er Pow & L t c o m ________ (t P referred ___________________ 100 Optional warrants 1 9 3 1 .. Amer Pub Serv 7 % p re f_______100 Am er Public U tilities_________ 100 7 % prior p referred_________ 100 5 % partic p referred________ 100 Amer Telep & T e le g _____ A m er W at W ks & E lec— C om m on new _________ 92 100 10934 95 10234 11236 300 10234 40 60 128 350 10334 42 62 131 153 d 52 10234 103 54 10334 105 3954 9034 79 89 8934 182 100 d 5834 92 40" 9034 80 91 90 34 184 102 5934 94 92 95 90 80 39 13854 9234 100 93 d z64 x 9834 x 104 6434 9854 d d d d d 41 13834 S to c k s . Par. Bid. A sk. Appalachian P ow er__________ 100 82 78 100 7 % preferred_______________100 103 Arizona P ow er________________ 100 31 30 Preferred___________________ 100 80 83 Arkansas C ent P ow er, $7 p ref (t) d 101 103 Arkansas Light & P ow c o m ___ 100 P referred___________________ 100 99" io i~ Arkansas N atural G as_________ 10 d 534 6 Asheville IT & L t $7 p re f____ (t) d 101 A ssoc’d Gas & El com C l A _ _ (t) d 39 40" Preferred (original__________ (f ) d 84 87 P ref 6 % dividend series____ (f) d 52 54 PTef 7 % dividend series____ (f) 100 Augusta-Aiken R y & E l_______ 100 P re fe rre d ___________________ 100 Baltim ore E lectric p r e f - - - ____ 50 d 43 Bangor R y & E l co m m on _____ 100 104 P referre d ___________________ 100 103 99 B aton R ouge E le c C o _________ (t) d 43 Bell Telephone (C an ad a )_____ 100 139" Birmingham E lec $7 p re f____ (t) d 100" 10134 Blackstone Val Gas & E ________ 50 d 93 93 P re fe rre d ___________________ 100 102 104 B leeck St & Ful F y— See N Y R ys B oston C onsol Gas, p re f______100 x 10534 10634 B oston E levated R R c o m ____ 100 x 78 79 P re fe rre d ___________________ 100 9334 112"" 1st preferred_______________ 100 11134 2d preferred________________ 100 99 9934 Brazilian T r L & P L t d _______ 100 r 57 5734 B 'w ay & 7 th A v R R — See N Y R ys B rookyln C ity R R _____________ 10 d 734 834 139 B rooklyn Edison C o __________ 100 13734 B klyn-M an hat Tran v t c (no par) d 52 Ps 5234 P ref tern v t c _________ (no par) d 8034 8134 B rooklyn U nion G as____ (no par) d 8734 87 34 B uffalo General E le ctric, (no par) d 72 74 ____ 44 California-Ore Power c o m . . 101 C alif R y & P ow prior p re f________ 80 84" Cam den & Sub R y — See P S C orp — Canadian General E lectricpreferred ________________ r 5334 100 10034 410 430 Carolina Pow & L ight, c o m -.1 0 0 P referre d ___________________ 100 10434 10534 Central Ariz L & P ow co m ____ 100 105" P referre d ___________________ 100 1 0 6 " — Cent Arkan R y & L C orp p r e f. 100 9734 C ent Crosst R R — See N Y R ys 32 35 Central Ga Pow er c o m ________ 100 C ent Hudson Gas & E le c_____ 100 93" 95" Central Illinois Light 6 % p f--1 0 0 87 Cent 111 Pub Serv p re f___(no par) d 86 91 Cent Indiana Power p re f_____ 100 9234 17 Cent M iss Val E lec I T o p _____ (t) d 15 P referred___________________ 100 83 86 Cent Pk N & E R R — See N Y R ys 93 95 Central Pow & Light 7 % p re f. 100 95 Central States E lec C o rp _____ 100 94 9534 P re fe r re d ___________________100 — Ches & P oto T ele o f B alt p r e f. 100 113 C hic Aur & E lg C orp v t c w i ___ C hic C ity & C on com part c t fs . (t) d " 5 4 "3 4 5 PTef partic c t fs _______ (no par) d 434 . 51 Chicago C ity R y ______________ 100 5 10 Chicago R ys p artic ctfs series l . _ Series 2 ________________________ 34 134 Series 3 ________________________ 136 Series 4 ________________________ "3 4 C hicago R apid T ransit C o— V oting tr ctfs for co m s to c k ___ 654 734 101 99 ITior preferred________________ ____ Chicago Sub Gas & E le c tr ic . .100 334 — 35 P referre d ___________________ 100 Chris&lOth Sts R R — See N Y R ys Cincinnati Gas & E le c tr ic____ 100 8834 — 116" Cincinnati Gas T ransp________ 100 Cincinnati & H am ilton T r a c . .100 — P referre d ___________________ 100 82" Cine New & C o v L t & T r a c ___100 ____ 61 P referre d ___________________ 100 35 3334 Cincinnati Street R y __________ 50 87 8634 Cincin & Suburb B ell T e le p ___50 3934 Cities Service c o m _____________20 3934 8334 P referre d ___________________ 100 8434 734 preferred B __________________ 10 834 79 Preferred B B _______________ 100 7934 1954 Cities Service Bankers shares, (t) 41" 39 Citizens Gas (Indianap) c o m . .25 P referred ___________________ 100 105 Citizens’ Pass R y — See Phila R T Citizens T raction— See Phila C o C ity Pass R y — See Reading T r 40 35 C ity R y (D a yto n , O h io )_____ 100 60 55 p r e fe rr e d ___________________ 100 240 C leve E lec Ilium com m on ____100 104 6 % preferred_______________ 100 103 Cleve Painsv & Eastern R R -.lO O 9 i" 9234 Cleveland R ailw a y____________lOO 91 C oast Co Gas & E l 1st p r e f .. 100 2d preferred________________ 100 C olorado P ow er______________ lOO 100 P referre d ___________________ lOO 69 Colum bia Gas & E le c ____ (no par) d a l l 54 P referre d ___________________ 100 x 10734 Colum bia (S C ) R y G a s & E l-.lO O 90" P referred ___________________ lOO 150 Colum bus (Ga) E l & PT com .lO O 1st preferred_______________ 100 150 2d preferred________________ lOO 100 79 75 Colum bus R y P & L co m new 100 97 9934 preferred A ________________ 100 93 9134 preferred B ________________ lOO 18 Com m ercial U nion T eleg (gu) _ .2 5 d 16 136 13534 Com m onw ealth-E dison C o ___100 C om m onw ealth Pr C o rp . (no par) d t 3834 3934 77 75 C om m on stock op tion s_______ 81 P referre d ___________________100 C om m unity P ow & L t 7 % p r e f .. 8 % preferred__________________ 42 C oney Island & B klyn R R ___100 110 108 C onnecticu t L tg & IT 7 % p f--1 0 0 121 8 % preferred_______________ 100 119 C onnecticut P ow er___________ 100 235 102 P referred ___________________100 60 58 C onnecticut R y & L igh ting___100 63 60 P referre d ___________________ 100 C ons Gas E L & P (B alt) - (no par) d ____ 4454 126 8 % preferred_______________ 100 124 112 7 % preferred_______________ 100 109 6 34 % cum p ref series C ____ 100 6 % cum pref series D ______ 100 10334 Consolidated Gas (N Y ) See und er N Y City Cons T ra c o f N J— See P S C orp Cons T ra c (P ittsb)— See Phila C o Consol W ater (U tica) co m ___ 100 100 5 % preferred_______________ 100 100 7 % preferred_______________ 100 102 S to c k s . Par a Ihirchaser also pays accrued dividend, d price per share, not per cent, t New stock, h Ex-stock dividend. P Last sale. I In London, Canadian price, s Sale price, u Ex-warrants, v Old stock, w Ex-cash & stock divs. x Ex-div. v Ex-rights, t Without par value. Bid. A sk. 173 172 Consum ers Gas ( T o r o n t o )____ 50 98 95 Consum ers Pow (M ich ) p re f--1 0 6 103 101 6 -6% preferred_____________ 1 0 6 140 125 Continental Gas & E lec c o m -.1 0 0 7 % prior preferred_________ 100 9334 9234 94 96 6 % preferred___________ Continen Pass R y— See Phila R T Cum berland C o (M e) P & L t .- 5 0 86 90 P referred___________________ l6 6 102 104 Dallas Power & Light 7 % p ref l6 6 97 D a yton Pow er & Light pre f___106 9834 D a y ton & W estern, co m m o n _ -l6 0 P referred___________________ 100 2 134 D enver & Northwestern R y _ .l 6 6 96 93 D erry (N H ) E lec C o 7 % p re f. 100 131 129 D etroit E d ison _______________ 100 134 D etroit U nited R y ___________ 100 D om in P ow & T ransm ission. .100 Preferred___________________ 100 D uluth Edison E lectric______ 106 P referred___________________ 100 35 25 Duluth-Superior T rac C o ____ l6 6 45 35 P referred___________________ 106 Duquesne Light— See Phila C o— 101 10154 Eastern C onn P ow 7 % 1st p f-1 0 0 32 30 Eastern M ass St R y , c o m ____ 100 69 First preferred______________ 100 58 Preferred B s to ck __________ l60 39 38 A djustm ent s to c k __________ 106 100 Eastern N J Power 8 % p ref___166 __ Eastern Texas E lec C o , n e w .. (t> d 76 Preferred___________________ 100 100 98 Eastern W isconsin E lec p ref__l6 0 1000 E ast B ay W ater(San Fr) co m _ l6 6 __ 95" Preferred A ________________ l6 0 __ Preferred B ________________ 100 9934 70 East Penn E lectric C o ___(no par) d 60 1st preferred ( 7 % ) ____ (no par) d 102 2d preferred ( 8 % ) _____ (nonpar) d ____ East R ead ’g El— See R ead ’g T ra c East St Louis & Suburban____ 100 P referred___________________ 100 Edison Elec Ilium ( B o s t o n )..100 x 20634 E ighth A ve R R — See N Y R ys Electrical Securities, p ref____ 100 104 10534 E lectric Bond & Share p ref___100 d 6634 6734 E lec Bond & Share Sec Corp E lectric Investm ent C o rp ____ 100 P referred___________________ 100 E lectric Investors— C om w ithout w ar__________ (t) d 63 6334 P referred____________________ (t) d 99 _ 10% paid receipts______________ d 4534 ’E lec Power & Ltg tem ctfs ____ (t) d 35 34 10834 10834 A llot ctfs for p f stk 4 0% p d ___ 111 109 A llo t ctfs for pref full p a id____ Preferred tem p c t f__________ (t) d 9154 E lectric R y Securities___(no par) d 15 E lec Storage B att— See Ind & M isc C os 65 E lizabethtown Consol G a s___100 Eliz & T ren R R — See ITib S C orp 97 Elm ira W , L & R R l s t p f v t c . 1 0 0 76" El Paso E lec C o (D e l)__(no par) d 74 103 Preferred series A __________ 106 1 0 0 Preferred series B __________ 100 1 0 0 71" 68 E m pire & B ay State T e le g ____ 106 85 78 E m pire D istrict E lec, p re f____ 100 98 94 E m pire Gas & Fuel C o . p r e f .. l 6 6 2734 Engineers Pub Serv c o m _____ (t) d 27 101 P referred____________________ (f) d 1 0 0 Erie Lighting, p re f______ (no par) d -----131" Essex & Hudson G as_________ 106 129 Fairm ’t Pk & H add Pass R y — See Phila R T __ 3834 Fall R iver E lec Light C o ___ 100 62" Fall R iver Gas W ork s_________ 25 d 60 30 J4 Federal L igh t & T r com n ew __(t) d 3034 86 P referred___________________ 100 8554 Federal U tilities______________ 100 P referred___________________ l6 6 104" 102" Ft W orth P ow & Light 7 % p ref 106 45 42 Franklin Telegraph (gu ar)____ 100 35 32 Galveston-H ouston E lec C o . .100 72 75 P referred___________________ 100 84 Gas & E lec o f Bergen C ounty . l6 0 Gas & E lectric Securities____ 100 P referred___________________ 100 240" General Gas & E lec C o rp . (no par) d 2 2 5 " 173 C um ulative p re f Class A ___(t) d 167 160 C um ulative pref Class B ___(t) d 150 250 C onvertible preferred______ (t) d 225 150 Old cum ulative preferred___106 71 Georgia L t, Pow & R ys, c o m . 16 6 7234 90 85 P referred________ l6 6 123 120 Georgia R y & E l c o stm p d ___166 85 82 P referred___________________ 100 97 95 Georgia R y & P ow er, c o m ___l6 6 10134 First pref cum 7 % ___.•_____ l6 6 9934 113 First pref cum 8 % _________ 166 1 1 0 95 93 Second p ref n on -cum ______ 100 113 115 G old & Stock T eleg (gu ar)___l6 6 15 20 Grand R apids R y , p re f______ 100 101 Great W estern Pow er, p re f___lOO 23 H ackensack W a te r_____________25 d 2 0 28 Preferred____________________ 25 d 25 Harrisburg L t & P ow er, p re f___50 u ___ 230 2 3 5 '" H artford E lectric L igh t______ 106 _m P referred___________________ 166 227 H artford C ity Gas L igh t, com _25 d 4434 4534 41 Preferred 25 d 39 184 H avana E lec Light & P o w e r ..100 18334 115 Preferred___________________ 100 •4 " 10 Helena Light & R y , c o m _________ P referred___________________ 100 H olyoke Street R y ____________l6 6 H olyoke W ater P ow er________ 160 ' 6" H oughton C ou n ty E lec L ig h t ..2 5 d * 4 " P referred________ ,___________ 25 d 19 2054 H oughton C ou n ty T ra c, com .lO O — P referred___________________ 1 6 6 97" H ouston Gas & F uel, p re f____ 100 129 i3 i" H udson C ou n ty G a s__________ l6 6 102 103 Idaho Power 7 % p ref_________ 100 . Illinois Pow er & Light, 7 % p f_ l6 0 9534 s 91 Illinois N orth Utilities,- p ref__l6 6 ____ Illinois T raction, c o m _________ l66 100 95 P referred___________________ l6 6 Ilium & Pow er Securities_____ 106 35 82 84 P referred___________________ 160 Indiana L igh ting_____________ 100 — Indiana Service C orp , co m ___100 130" 95 — P referred___________________ 100 Indiana U nion T ra ctio n ______ 100 Indianapolis G as_______________ 50 d 5 5 " 5834 20 Indianap & Southeast T r, p f . . l 0 0 n ____ 40 45 Indianapolis Street R y C o ____ 100 Indianap W W Sec. p re f_____ 100 — 91 Indianapolis W ater C o , p re f--1 0 0 Interboro R T v o t trust c t f s . .l 0 0 28" 2834 n Nominal. 42 PUBLIC UTILITY STOCKS S to c k s . Par. Bid. Internat Ocean Teleg (g u a r ).. 100 99 International R y v t c ________ 100 19 International Telep & T e le g .. 100 124 98 Interstate Public Serv, pr lie n . 100 94 Iow a Southern Util, 7 % p re f. .1 0 0 1 Jacksonville T raction, c o m ___100 7 Preferred___________________ 100 97 Jersey C ent P ow & L t p re f___100 K an C ity Pow & L t 1st p f ser A (t) d 106 % Kansas C ity Power Secur_____ (t) d Preferred_______________ (no par) d Kansas E lec Pow 7 % p ref____ 100 96 33 Kansas Gas & Elec 7 % p r e f .. 100 10 133 78 K en tu cky Securities C o rp ____ 100 72 Preferred___________________ 100 85 K en tu cky Utilities, p ref______ 100 K en tu cky & W Va P ow , c o m . . 25 Preferred___________________ 100 7% K eystone Telephone___________ 50 d Preferred____________________ 50 d 28 54 K ey System Transit, p ref_______ 89 Prior preferred________________ K n oxville Pow & Light, p r e f ..100 Laclede Gas L igh t____________100 159” 85 Preferred___________________ 100 Lake Shore E lectric, co m ____ 100 12” First preferred______________ 100 Second preferred___________ 100 Laurentide P ow er_____________100 r 9 9 ” Lehigh Pow er Securities, (no par) d 145 Lehigh Valley Transit, co m ____ 50 d ____ Preferred____________________ 50 d ____ Lone Star Gas, new ___________ 25 d 40 L ong Island Lighting co m ____ (t) d 135 7 % preferred_______________ 100 10433 Los Angeles G & E C orp, pref.lOO 9623 L ouisv Gas & E lec com cl A _ . ( f ) d 25% 35 Louisville Railway C o ________ 100 58 Preferred___________________ 100 Lowell E lectric L igh t__________ 25 d 61 Lowell G as_____________________ 25 d 58 M ackay C om panies__________ 100 127% 67 % Preferred___________________ 100 01%. M anitoba Power C o ______(no par) d ____ 80 M anhattan E lev R y (N Y ) ___100 44 M odified guarantee________ 100 M anila E lectric C o rp ____ (no par) d 37 M arion (O) W ater, c o m ., (no par) d 44 M arket St R y (San Francisco). 100 833 26 Preferred___________________ 100 50% Prior preferred_____________ 100 19 Second preferred___________ 100 73 M assachusetts Gas C os ______ 100 00% Preferred___________________ 100 50 Massachusetts Ltg C os, c o m _ _ (t) 90 6 % preferred_______________ 100 8 % preferred_______________ 100 11233 101 M em phis Pow & L t, 7 % p f.n o par 115 M etrop Edison part pref ser A . (t) 95 Preferred series C . . . __________ M exican Telep & T eleg________ 10 d Preferred____________________ 10 d M exico T ra m w a y_____________100 108” M iddle W est U tilities____ (no par) Preferred___________________ 100 96 33 Prior lien stock _____________100 10333 M idland Utilities prior lien___100 10233 M ilwaukee Gas Light 7 % pref 100 87” M ilw E lec R y & Lt. 6 % p r e f ..100 10133 M innesota Pow & Lt 7 % pf-.-lOO 100 Mississippi Pr & L t, 8 % p r e f..(+ ) 64 Mississippi R iver P ow er_____ 100 93 Preferred___________________ 100 M obile E lectric, pref_________ 100 4 l” M ohaw k Valley C o n ew _____ . ( f ) M onongahela L & P— See PhilaCo M onongahela St R y — See PhilaCo 22 M on on-W est Penn P S 6 % p re f.25 22 33 7 % preferred________________ 25 M ontana P ow er______________ 100 8333 Preferred___________________ 100 192 33 M ontreal L t, H t & P ow er____ 100 M ontreal Telegraph___________ 40 4633 165 M ontreal Tram ways, co m ____ 100 9133 Debenture 5 % stock ___________ M ontreal Tram w ay & P ow er. 100 27” M ountain States Pow er, c o m .( f ) 9i Preferred___________________ 100 M ountain States Tel & T el___100 10933 197 M unicipal Gas (A lb a n y )_____ 100 71 N arragansett E lectric__________50 25% N ational E lec P ow cl A ______ (f) 18 33 Class B _____________________ (f) 20 N ational Light, Heat & Power.100 65 Preferred___________________ 100 N ational Power & Light, c o m .( t ) d 342 Preferred_______________ (no par) d 100 2433 N a t P ublic Serv C orp A c o m .. ( t ) 1733 Class B c o m m o n ____________( f ) 98 7 % participating pref______ 100 95 Preferred series A __________ 100 N ebraska Pow er, p ref________ 100 102 35 N evada-C alif E lectric, com ___100 89 Preferred___________________ 100 85 N ewark C onsolidated Gas____ 100 65 N ew B edford Gas & E d L t Co_25 2 N ew B edford & Onset R y ____ 100 N ew England C o, co m ________ 100 188 92 First preferred______________ 100 Second preferred___________ 100 100 10 N ew E ng E lec Securities, co m ___ 10033 N ew England Pow er, p ref____ 100 N ew England Telep & Teleg__100 11433 41 N ew H aven Gas L igh t_________25 83 N ew H aven W a ter_____________50 101 N ew Jersey Pow & L t, p ref..1 0 0 N ew Orleans Pub Serv, co m _____ 99” 7 % preferred_______________ 100 N ew p N & H am p R y , G & E .1 0 0 90 Preferred___________________ 100 100 N Y C ent E lec C orp 7 % p f___100 88 N ew Y ork C ity— Consol G a s_(t) 60 P referred____________________ 50 Standard G L o f N Y , c o m . 100 Preferred_________________ 100 N ew Y ork R ys C orp— C om m on when issued_____ Preferred when issued___ '9 3 3 N ew Y ork R ailw ays_______ _ Bleecker St & Fulton F erry. 100 2833 10 B ’w ay & 7 th A ve gu ar_____ 100 Central Orosstown 7 % ____ 100 ~9~ Christopher & T enth Sts___100 25 Eighth A venue_____________ 100 100 42d St & Grand St F erry___100 N inth Avenue guar 6 % ____ 100 5 Second A venue_____________ 100 Sixth A venu e_______________ 100 36 12 Tw enty-third St gu ar______ 100 N ew Y ork State R ys, co m ____ 100 d 30 Preferred___________________ 100 5833 Ask. 102 21 12423 100 96 99 107% 98 102 >3 83 74 8 30 8933 161 95 7 156" 41 145 105 25% 6 l” 63 60 127% 65 72 92” 4533 38 46 933 34% 51 2233 7333 52 95 11733 103 11533 109” 97 104 10233 88” 110 66 95 4133 23 23 83% 47 171 30” 98 11133 73 2633 1933 25 70 345 102 2533 1833 100 97 104 36 91 87 14 102 115 4133 84 — lo i” 100 100 102 88% 01 10% 3 l” 13 1033 35 15 40 S to c k s . Par. Bid. N ew Y ork Steam pref_________ 100 10033 0 0 s 112 N Y Telephone 6 % % p r e f . . .1 . 100 Niagara Falls Pow er, c o m ____ - - ((t) t ) d 62 Preferred new _______________ - .225 5 d 2833 N iag L ock & Ont P ow co m .n oo par d 82 10(1 10833 7 % preferred_______________ 100 25 d 20% N orfolk Railw ay & L igh t_______25 N ortham pton (M ass) St R y .-lO O .100 N orth Am erican C o co m _______ 10 d 5733 6 % preferred________________ - .550 0 d 4953 N orthern N Y U til, In c, c o m1..2 . . 25 5 d ____ 100 101 P re fe rre d ________________ N orthern Ohio P ow er_____ — (t) d 1233 N orth Ohio T r & L pref 6 % .100 7433 N or Ontario L t & P ow co m ___.100 100 50 100 P re fe rre d ___________ 80 100 119 N orthern States P ow er_______100 P re fe rre d ___________________ 100 100 N orthern States P ow o f W is— P re fe rre d ___________________ 100 N orthern T ex E lec C o co m ___.100 100 43 P re fe rre d ___________________ 100 55 100 N orthw est E lectric____________100 100 P re fe rre d _______________ 98 N orthwestern Teleg (guar) 50 d 42 Ohio Bell T elep p re f__________ 100 106 Ohio Fuel C o rp ________________ 25 d 32% Ohio Gas & Electric p re f_____ 100 Ohio P ublic Service pref A ____.100 100 98 Ohio R iver Edison 7 % p ref___ 100 101 Ohio Traction— C om m on ____ 100 10 P re fe rre d ___________________ 100 69 25 d 2933 Oklahom a N atural G as________25 Omaha & C ouncil B lu ffs_____ 100 6 40 P re fe rre d ___________________ 100 Ottawa Light H eat & P o w ___.100 100 r 9533 P re fe rre d ___________________ 100 r 10333 100 r ____ Ottawa T ra ction _________ :-------1O0 Ottum wa (la ) R y & L t pref___.100 100 Pacific & A tlantic T el (gu )____ 25 d 17 Pacific Gas & E lectric________ 100 115 100 99 100 25233 Pacific Light C o rp . 100 8033 .100 9933 100 110 100 Preferred 98 25 d 13 84 .100 100 82 100 110 100 100 Preferred - - ( t ) d 67 par) d 10933 Pennsylv Edison p ref___ 100 96 MOO 106 100 9633 (t) d 104 Pennsylvania W ater & P o w . 100 155 116 P eople’s G L & C (C h ic)____ .100 50 d 5833 50 d 36 50 d 4833 50 d 20 .. 5 0 d 37 50 d 20 Duquesne Light 1st p r e f.. 100 110 25 d 1333 Federal St & Pleasant V al. M onongahela L t & P r____ .. 5 0 d 40 50 d 2233 Pittsburgh & B ’ham Tr .. 5 0 d 25 50 d 2233 Sub R ap Tran St R y _ . U nited Traction p ref________ 50 38% Philadelphia E lectric__________ 25 P re fe rre d ____________________ 25 d 37% Philadelphia R apid T ransit____ 50 d 48 Citizens Passenger gu ar_____ 50 d 190 Continen Pass R y ($29 p d ) ..5 0 d 65 Fairm ’t Pk & H adding’n ____ 50 d 30 F randf’d & Southwark P a ss. 50 240 70 Germantown Passenger_____ 50 Green & Coates Sts ($15 p d ).5 0 H estonville M & F co m _____ 50 P re fe rre d __________________50 103 Phila Pass R y ($22% p d . . ) . . 5 0 Phila & D arby Pass R y _____ 50 Phil & G ray’s F y ($25 p d ) ___50 60 Philadelphia T ra ctio n ______ 50 160 R idge A ve Pass ($28 p d )____ 50 2d & 3d Sts R y gu ar_________ 50 165 165 13th & 15th Sts Pass R y ____ 50 104 Union Pass ($30 5-6 p d ) ____ 50 39 Union Traction ($17% p d ) ..5 0 W est Phila Pass guar________ 50 14% Phila & W estern R y co m ______ 50 36 P re fe rre d ____________________ 50 98 Pine B lu ff C o p ref_____________100 Pittsb & Birm Tr— See Phila Co 14 Pittsburgh Utilities 7 % p ref___lO 14% P ref v o t tr ctfs _______________ 10 14 Preferred, new _________________ 80 Portland (M e) Gas L igh t______ 50 42 Portland E lec Power co m ____ lOOj 98 Prior preferred_____________ 100 73 1st preferred_______________ lOOi 69 2d preferred________________ 100' Porto R ico R ys L t d __________ l0O;t 45 P referre d ___________________100 r 87 13 Power Securities co m ____(no par)\d Second preferred______ (no p a r){d 33 Providence G as________________ 50 d 70 97 Public Service o f C olo p ref___100 Public Serv C orp o f N J_ _ (no pa ryd 75 % 8 % preferred_______________ 100 114 7 % preferred_______________ l0O| 101 % Camden & Sub ($5 p a id )____25 d 40~~ Consolidated T rac o f N J ..1 0 0 115 Rapid Transit St R y C o ___100 So Jersey Gas & E lec T r a c .. 100 127 94 Pub Serv El & G 6 % p re f____ 100 102% Public Serv E lec P ow p re f____ 100 89 Public Service Invest p re f____ 100 Public Service C o o f N or U l_ _ (t) d 120 00% 6 % preferred_______________ 100 104% 7 % preferred_______________ 100 54 Puget Sound Pow er & L ig h t. .100 84 6 % preferred_______________ 100 106 7 % preferred_______________ 100 Quebec Power c o m ___________ 100 r 10833 P referre d ___________________ 100 r 109 Quebec R y , L t, H eat & P o w ..100 105” Queensboro Gas & E lec 8 % p f.1 0 0 R ap Tran St R y — See P S C orp Reading T ra ction ______________ 50 d 22 C ity Passenger R y __________ 50 d 97 East Reading E lectric R y ___50 d 02 Reading Transit & L t cl B p re f. 50 d 37 A sk. [ V o l . 121, 4933 25 38 11033 45 ______ — k k k k k 88” P re fe rre d ____________ 16 W ashington (D C ) G a s. 36 72 Preferred 100 7533 W estern M o P ow 7 % p re f. 115 W estern Pow er C o rp _____ 103 W estern R ys & Light p r e f .. 4 3 ” W estern States Gas & E le c . 107 -108 24 100 65 43 60 79 10633 33 11 63 51 ” 98 10233 104 r 161 16 80 65” 129 96 11033 128 r ____ 63 85 d 20 138 d 33 d 107 10933 d 45 d 22 d ____ 10033 d d d d d 49” 96 10033 54% 99 53% 112 85 100 ____ d ” ” d A sk. 81 107 1 14 — ---99 10233 12 50 30 18 83 — 130 99 75 68" 92 22 139 37 11024 96 50 27 8233 10133 53” 5433 101 5434 :::: .... 220” d 70 100 81 d 81 3 20 P re fe rre d ___________________100 94 Terre H aute T r & L t pref____ 100 Texas Pow er & Light 7 % pref.lOO 10233 13 T hird A venue R y (N Y ) _____ 100 Tidewater Power 8 % p ref____ 100 99 T oled o Bowl Green & So pref.lOO T oledo-E dison prior p ref_____ 100 111"" T ri-C ity R y & L ight p ref____ 100 85 d 7 Preferred d 833 d 70 23d Street— See N Y Railways Twin C ity R apid Transit_____ 100 6133 P re fe rre d ___________________ 100 10033 Union St R y (N ew B ed .M ass) .1 0 0 9733 Union T rac o f Ind com m on___100 First preferred________ 100 Second preferred____________100 — 3823 38 4833 200 75 40 250 80 00% 2733 40 Preferred 109 23 56 United 111 C o o f New H a v e n ..100 61 170 173 173 110 393-3 United R ys & El (Balt) c o m .. 15% United R ys Investm ent C o __ 30% P re fe rre d __________________ 102 P re fe rre d ________________ Utah Power & Light pref______100 1 5 * Utah Securities C o rp _________ 100 15 U tica Gas & E lectric pref____ 100 85 Utilities Pow er & L t Cl A (no par) 44 Class B ________________ (no par) 100 75 P re fe rre d _________________ Virginian Pow er C o com m on . 71 130” 95 33 103 91 121 97 105 57 86 Bid. S to c k s . 102 R epublic R y & Light co m ____ 100 113 P re fe rre d ___________________ 100 77 Rochester G & E 7 % p ref____ 100 2833 R och & Syracuse R R co m ____ 100 83 P re fe rre d ___________________ 100 St Jos R y , L t & P ow , p re f____ 100 27 San D iego Cons G & E 7 % p f.1 0 0 San Joaquin Light & P o w e r ..100 58 Preferred A 7 % _____________100 Prior preferred_____________100 4933 Savannah El & Pow deb stk _.10 0 103” Scioto Valley T ra c co m m o n . .100 First preferred______________ 100 1233 P re fe rre d ___________________100 7533 Shawinigan W ater & P ow er_100 60 83 Sierra Pacific E lec C o co m ____ 100 123 P re fe rre d ___________________100 101 Sioux C ity Gas & El 7 % p f--1 0 0 Somerset Un & M iddlesex L t.1 0 0 South C alif Edison co m m o n . .100 48 6 % preferred____________ 60 7 % preferred_______________ 100 8 % preferred_______________ 100 Southern C anada P ow er_____ 100 44 P re fe rre d ___________________ 100 107 Southern Cities Utilities co m ___ 33 P referred_____________________ 95 South & A tlan Teleg (guar)____ 25 100 Southern N ew E ng T elep ____ 100 103 Southern Pr & L t co m ___(no par) 12 ■ P re fe rre d ______________(no par) 6933 Southern Utilities com m on — 100 30 P re fe rre d ___________________ 100 So Jer G E l & T r— See P S C orp Southwestern Bell Telep pref.lOO 50 Southwestern Gas & El 7 % p f.1 0 0 Southwestern L t & Pr com A _ .( t ) 64 C om m on class B ____________(t) P referred____________________ (t) 19 Southwestern P ow & L p r e f .. 100 11533 Southwest M issouri R R ______ 100 Springf (M ass) St R y C os p f._ 1 0 0 100 Springfield (M o ) R y & L , p r e f .. ____ Spring Valley W ater__________ 100 Standard Gas & E lec com (no par' 101 7 % cum prior p ref_________ 10( 8 % cum preferred___________ 50 10034 ____ Standard Pr & L t C orp p r e f - .( t ) __ Staten Island E dison c o m ____ (t) 85 Suburban E lec Secure___(no par) 103 1st preferred____________ 68 2d preferred___________ (no par) 1W33 Sub R T St R y — See Phila C o 100 110 99 106 Tennessee E lec P ow c o m . (no par) 161 11633 5833 d 46” 91 62 d 9033 355 d 123 d 118 d 89 d 51 11c. 433 d 1833 22 67 25 85 100 101 82 83 5 22 100 104 14 103 88 9 934 6333 100 133 6 1 31 47" 93 91 360 124 90 52 30c. 633 19 28 75 101 103” d 32^ 105” 3233 120 91 67 d 1433 d 2133 dx 01% 120 84 126 94 88 9433 12033 70 15 2233 6234 84% 130 07 89 9533 — 19” 95 98 Western U nion Telegraph__ 130 13133 W est’h ’se E l& M fg— See und W est Penn Power p re f______ 104 11033 W est Penn Railways p ref_______ 91 % 96 W est Penn C o c o m m o n ..(n o par) d 119 121 x 06% 9924 d 43 47 \r 52% 5224 r 05 W isconsin Edison com m on ___10C W isc-M inn L & P— See N or State Pow o f Wise 99 101 pref 110 111 Yadkin R iver Power 7 % pref.lOO 103 Y ork (Pa) Rail d 48 P re fe rre d __ d 36 3633 ________ 15 ____ Preferred 40 33 60 /Purchaser also pays accrued dividend, d Price per share, not per cent, t New stock, h Ex-stock dividend, k Last sale. / In London, n Nominal' Canadian price, s Sale price, u Ex-warrants, v Old stock, w Ex 20% cash dividend, x Ex-dividend, y Ex-rights. /W ith ou t par value. 4 i INDUSTRIAL AND MISCELLANEOUS SECURITIES Under the heading “ Industrial and Miscellaneous Securities” we include all issued which do not appear under the previous tw o headings, nam ely, “ Railroad (S team )” and “ P ublic U tilities.” In the case o f stocks, how ever, we put “ T extile M anu factu ring,” "In su ra n ce,” “ M in in g ,” “ R ealE sta te’ and L a n d ,” “ T itle Guarantee and Safe D eposit Com panies” under separate heads, then follow with the rest o f the “ Industrial and M iscellaneous.” N O T IC E .— A ll b o n d p r ic e s are “ a n d in t e r e s t ” e x c e p t w h e re m a rk ed “ f ” a n d in c o m e a n d d e fa u lte d b o n d s . B on ds. Bid. A sk. IN D U S T R IA L & M IS C E L L A N E OU S B ON D S A bitibi Pow & Paper 6s 1940 J&J2 101 A cm e W hite Lead & C olor W orks 1st 6s July 1926 to ’28 o p .J & J — Adam s Exp coll tr g 4s '4 8 . M&S 85 C oll tr g 4s 1947_________J& D / 75% A dvance-R um ely 6s D e c ’25 M & S 99% A jax R ubber s f 8s 1936____ J&D 100% Alabam a Cons Coal & Iron—■ 1st cons M 5s 1933______ M&N 94% Ala Steel & Shipbldg— See Tenn C I & Alaska G old M ines deb 6s’25M&S / 4% D eb 6s 1926 ser B ________M&S / 4% Allied Packers deb 6s 1 9 3 9 --J & J s 79% 1st M & coll tr 8s 1939____ J&J 90 % Alpine M ontan Steel Corp— 1st s f 7s 1955_____________ M&S 91 Aluminum C o 7s 1925_____ M & N 100% Debenture 7s 1933______ A& O 106% A m A gric Chem 1st 5s 1 9 2 8 -A & 0 102% 1st ref s f 7 % s 1941______ F& A 103% American B eet Sugar C o— C on v s f deb 6s 1935_____ F& A 100% Amer Chain deb 6s 1933___A&O 98 Amer Chicle— 6s ’25-’27___A & O 99% Sen Sen C hic 6s June 1 4 ’29 J& D 98 Am er C ot Oil g 5s 1931 op t M &N 94 American Ice Securities—Am erican Ice C o— R E 1st & gen s f 6s '42 op t T 3 ___F& A 103 A m M a ch & F dy s f 6s 193 9 -A&O 99% A m R epublic C orp 6s ’3 7 - -A & O 97% Am er R olling M ill 6s 1 9 3 8 --J& J 102% Am er Smelt & R e f 5s 1 9 4 7 --A & 0 97% 1st M 6s 1947 series B ___A&O 107% 102% Am er Sugar R efg 6s 1937___J&J Am erican Sumatra T ob a cco— 7 % % s f con v notes 1925-J& D 94 Am er Thread 6s 1928______ J&D ------Am erican T y p e Founders— D eb gold 6s1926_______ M & N 101 D eb gold 6s1937________M &N 101 D eb gold 6s1939_______ M &N 102 Am er W rit Paper s f 7-6s ’3 9 -J&J / 57 T em p interchangeable c t f dep_ / 56% A naconda Copper M ining— 1st con 6s 1953 series A ..F & A 100% C on v deb 7s1938________ F& A 101% 6 % gold bonds 1929 ser A .J & J 102% Andes C op M in deb 7s 1943-J&J 98% Andian N ational C orp L td— 1st M s f 6s 1940 with w ar.M & S 116 W ithout w a rr a n t___________ 98% Antilla Sugar C o— 1st M 7 % s 1939 ser A ____ J&J 91 A rm our & Co o f Delaware— 1st M 5 % s 1943 ser A ____ J&J 93% A rm our & C o— Real estate 1st gold 4 % s 1939 o p t ______ J& D 89 Associated Oil 6 % notes ’3 5 -M & S 102% Associated Simmons H ardw Cos 6 % % gold notes 1933____ J&J 8 9% A tl Fruit & SS deb 7s ’3 4 - -J& D Certificates o f d ep osit_________/ 19% C tfs o f deposit stam ped_____ / -------A tl G u lf & W Indies SS Lines— C oll tr g 5s Jan 1 1959____ J&J s 7 0% A tlantic R efin deb 5s 1 9 3 7 --J& J 99% Baldwin L ocom otive W orks— 1st s f 5s 1940 op t a ft ’ 15-M & N 102% Baragua Sugar (C om p Azucarera Baraqua) 7 % s 1937____ J&J 15 105 Barnsdall C orp 8s 1931 ser A J&J 105% Beaver B oard C os— C oll trust 8s 1933_________J&J 92 Beech Creek C & O 5s ’4 4 - -J & D 93 B ooth Fisheries s f 6s 1926-A & O 80% Bethlehem Steel C orporation— Cons s f 5 % s 1953 ser B ..F & A 87 % Cons m tge 6s A ug 1 9 4 8 --F & A 93% Cons m tge 6s 1948 ser A -F & A ---B eth St 1st ex g 5s ’26 g u .J & J 100% B eth St pur m 6s A ug '9 8 .Q -F -----B eth St 1st 1 & re f 5s ’42-M & N 92% Purch m oney 5s 1936___J&J 93 B eth Steel eq tr 7s 1 9 3 5 --A & 0 103% Penn-M ary Steel 5s 1937. J&J ---Bing & Bing deb 6 % s ’ 5 0--M & S 94% Borden M ills, In c— , First m tge s f 6s 1934____ F& A 99% B oston Term C o 3 % s 1947-F& A 87 B ota n y C onsolidated M ills— „ „ ,, 10-year s e c s f 6 % s 1 9 3 4 --A & O 95% Brier Hill Steel 5 % s 1 9 4 2 --A & O 99% Brunswick-Balke-Collender C o— 6 % serial notes 1926-29___J&J ---B uffalo & Susq Iron 5s 1932 J& D 91% D eb g 5s J a n ’26 o p t ’ 1 0 --M & S ---Bush Term 1st 4s 1952_____ A&O 87 90% Cons g 5s Jan 1955______ J&J Bush Term inal Buildings C o— ____ 1st s f gold guar 5s I 9 6 0 --A & O 94% B y-P rodu cts C oke C orp — 1st & ref s f 8s '36 ser A ..M & N -- — C a lif Petroleum 6 % s 1 9 3 3 --A & O 193% C am aguey Sugar 7s ’4 2 - - A & 0 15 90 Canada Cem ent 1st 6s '29 op A& O r 102% Canada SS Lines 7s 1 9 4 2 .-M & N 99% D eb 5s A ug 15 1943___F& A 15 r 79% Canadian Car & F d y C o, L td — 1st s f gold 6s 1939______ J&D 101 Canadian C ons R u b ber, L td — G old 6s 1946 o p t 1 9 1 1 - ..A & 0 r 100% Canadian C ottons 5s 1940--J& J2 r 93 Canad Gen E lec 6s 1942 A&O ---Central Foundry 6s 1931__ F& A 92% Cent Hud St’ boat 5s A pr '33 A&O — Central Leather 1st s f 6 s ’4 5 -J&J 99% Central Steel 1st 8s 1 9 4 1 --M & N 115 Charcoal Iron o f A m 8s ’3 1 -M & N 73 Chic Jet coll tr ref g 4 s ’4 0 - -A & O 85% C oll trust ref 5s 1940____ A&O 98% C hic Un Sta— See Steam R R bds b Basis. 102 86 76% 100% 101 96 RR. 5 7% s 79% 90% 91% 101 107 103 103% 100% 98% 100% 99 95 103% 99% 99 103 98 107% 102% Qc: s 103% 102 103 103% 58 57% 100% 101% 103 98% 120 99 91% 94 89% 102% 90 23 18 s 71 99% 104 107 105% 94 96 85% 88 94 100% 94% 93% 103% 95" 100% 89 95% 89% 90% 96 103% 93 100 80 102 94% lO O " 115% 80 /T h is price includes accrued interest. B on ds. Bid. A; Last sale, n Nominal, B on ds. A sk. Chicoutim i Pulp 6s 1943____ J&J n 50 60 Childs B ldg & Im p 6s ’26-’3 5 _____ ____ Childs C o 6 % notes 1 9 2 9 --J & D 127 131 103 Cities Service R e f 7s 1933___ J& J 105 Clearfield B it C oal 4s 1 9 4 0 --J & J 76% Clev Un T erm — See Steam R R s C lyd e SS 1st 5s 1931 o p t - .- F & A 95 C ol Fuel & Iron s f 5s 1 9 4 3 --F & A 90 92% C olorado Industrial— l s t g g u 5 s s e r A & B ’3 4 o p tF & A 82% 83 C om m ’l Credit 6s 1934____M & N 100% 100% Com m ercial Invest Trust C orp— 5 % gold notes 1926______ M&N Basis 4 % % 5 % gold notes 1927______ M&N Basis 5 % % 5 % gold notes 1928______ M&N Basis 5 .55% 5 % gold notes 1929______ M &N Basis 5 .85% 5 % gold notes 1930______ M&N Basis 6% C om pu ting-T abu iating-R ec Co Sinking fun d gold 6s 1941-J& J 103% 104 C onsol Textile 1st 8s 1 9 4 1 --J & D 85 86 91 Consol C oal 4 % s 1934 o p t . .M & N 89 80% 1st & ref s f g 5s 1950____ J&D 80% Continental Pap & B ag M ills Corp 1st & re f 6 % s 1944 Ser A .F & A 84% 85 Corn Prod R e f s f 5s 1 9 3 1 --M & N 101% 101% 1st g 5s 1934 s f _________M &N 101% Cram p (W m ) Sons Ship & E ng B ldg 1st M g 5s 1929 o p t _____ M&S 98 Crew L evick Co 1st 6s 1931-F & A 100 100% 98 6 % gold notes 1928______ J&J ------Crown C ork & Seal 6s 1942-F & A 88% 90 96 C uba Cane Sug deb 7s 1 9 3 0 --J& J 94:% 100 . C on v deb 8s 1930_________J&J 100% C uba (The) C om pany— • 93% C on v sec s f 6s 1935______ J&J 92% Cuban-Am erican Sugar— 108 1st M coll 8s M ar 15 ’31 M&S15 107% Cuban D om inican Sugar C o — 96% 1st lien s f 7 % s 1944____ M & N 95% C udahy Pack s f 5s 1946___J&D 93% 95 92 Sink fund deb g 5 % s '3 7 - -A & O 91 Cuyam el Fruit C o— 97% 1st m tge 6s 1940__________ A&O 97% D e Bardeleben C oal C orp— 6% % 1st M 6 % s 1925-1943____ J&J b 7.10 D ery (D G) C orp 7s 1 9 4 2 --M & S D enver U nion Stock Y ards— 100% First gold 5s 1 9 2 6 --..........-J& J 99% Dewees (W ) W o o d C o 5s '30 M&N 98% D odge Bros deb 6s 1940____ M &N 98% 85% D old (Jac) Pack 1st 6s ’4 2 .M & N 84 89% D om in Coal 5s '40 op ’ 1 0 - -M & N r — D om inion Glass C o , L td — 1st s f 6s June 2 1 9 3 3 ---J & D 2 r 102 90 D om in Iron & Steel 5s 1 9 2 9 .-J& J f ___ 54 C onsol 5s 1939___________ M & S 5 2% 101 Donnacona Paper 5 % s ’4 0 --J & D 99 95 Donner Steel 7s 1942________J&J 9 3% du Pont (E I) de N em Pow der— 95 G old 4 % s June 1 1 9 3 6 ---J & D 94% du P on t (E I) de N em ours & C o — 106% G old 7 % s M a y 1 1 9 3 1 ---M & N 106% 104% Eastern Cuba Sug 7 % s '3 7 - - M & S 104% 55 Eastern Steel 5s 1931______ F & A 50 99 E lk Horn C oal 6s 1925____ J&D 98% 108 E m pire R efg 1st 6s 1927____ F& A 107 98% Fairm ont C oal 5s 1931_____ J&J 98 100 Farmers M fg C o 7s 1943 M&S 98 97 Federal Sug R e f 6s 1933 M &N 95 101% Federated M etals s f 7 s '3 9 - -J & D 100% 114% Fisk R u b b C o 1st 8s 1 9 4 1 --M & S 113% Framerican Ind & D e v C orp —■ 93% D eb 7 % s 1942___________ J&J 9 3% 106% Francisco Sug 7 % s 1942-M & N 15 106 Gair (R obert) C o 1st 7s ’3 7 . -J& J ------ s 104 105% Galena-Signal Oil deb 7s ’3 0-A & O 104% General Am er Tank Car C orp— E quip tr 7 % s ’31 Ser G G .A & O 102% E qu ip 5 % s 1926 & 1 9 2 7 --M & N 100 5.2 0 % E quip 5 % s 1928-1934___M &N 5 5.35 General A sphalt C o— C on v s f 6s 1939_________ A& O 103% 105 G en’l Baking 1st 6s 1936___J& D 104% General Cigar 6s 1925_____ J&D 100% 1001S16 102% Serial 6s 1935______________ J&D 101% G en’l E lec 3 % s 1942 o p t ___F& A 87 107% D eb g 5 s ’ 52 tax-ex N Y . . M & S 107% General Petroleum C orp — 106% 7 % s f g notes F eb 15 <51 F& A15 106% 101% 6 % g notes A p r 15 ’2 8 --A & 0 1 5 101% -----C on v 6 % notes 1 9 2 7 ..M & S 1 5 General R y Signal C o—220 C on v 6 % s 1944____ _____ A&O 215 102 Gen R efractories 6s 1952___F & A 101% 93% German Gen E lec 7s '4 5 --J & J 1 5 93 103% G oodrich (B F) 1st 6 % s 1947-J& J 103% 121 G oodyear T & R u b 8 s ’4 1 . -M & N 120% 110% D eb s f 8s M a y 1931_____ F& A 110% G ran by C on M in Smelt & P ow — 102 1st con v 6s 1928 Ser A ..M & N 100% Stam ped_____________________ 100% 9 3% Gray & D avis con v 7s '3 2 ___F& A 92 100 G u lf Oil o f Pa deb 5s 1 9 3 7 - .- J&D 99% Hanna (M A ) C o— 83 D eb g 6s 1934___________ F& A 80 63 H avana T ob a cco 5s 1 9 2 2 .- J & D / 53 Hearst Publications, In c— 1st M & col tr 6 % s ’2 6-’36 M &N n 100 104% Hershey C hocolate 6s 1942 M & N 104% 98% 1st & coll t r s f 5 % s 1 9 4 0 .-J& J 98% H oboken Land & Im p t C o — 1st M g 5s N o v 1930____ M & N 96 H ock Val P rod 5s 1961 o p t .-J & J / 27 103% H oe (R ) & C o 1st 6 % s A ’34 A & O 103 % 88% H olland-A m er Line 6s ’47-M & N / 88% H ollingshead (T he R M ) C o— 101 1st 7s 1938________________ F& A 99 103 H olly Sugar 7s 1937_________J&J 101 105 H ood R ubber 7s 1936______ J& D 104% H ouston Oil C o o f Texas— 100 6 % % s f notes 1933______ A&O 99 50 H udson N a v g 6s 1938 o p t -.F & A / 45 r Canadian price Bid. H um ble Oil & R 5 % s ’3 2 - J&J 15 101% 101% Illinois Steel deb 4 % s 1 94 0 --A & O 94 94% 75 Independent Brewing 6s ’55 J&J Indiana C oke & Gas 6s ’4 6 - -A & O 94 96% 102% 102% Indiana Steel 1st 5s 1952___M&N In d ’n ’p A battoir 7 % s '3 1 -M & S 15 Ingersoll-R and 1st g 5s D ec 31 101 991; 1935 op t D ec 31 1910____ J&J Inland Steel 1st 6s 1 9 2 5 -2 8 --A&O Internat Agricultural C orp — 75 77% 1st & coll tr s f g 5s ’32 o p M &N 70% 70% Stpd ext to 1942 M&N Internat M ercantile M arine—84% 84% 1st M coll trust 6s 1 9 4 1 --A & 0 International Paper— 91% 91% 1st & ref s f 5s 1947 ser A ._ J&J 96% 96% 1st & re f 5s 1947 ser B ____ J&J 16% 96% R e f mtge 6s 1955 ser A -.M & S 80% 81% Internat Salt g 5s 1951 o p . .A & O 106% Internat Silver 1st 6s 194 8 --J & D 101% 101 D ebenture 6s 1933_______ J&J Iron Steam bt gen 4s 1 9 3 2 ..A & 0 Jefferson & Clearfield C oal & Iron 91 Indiana C o 1st s f 5s 195 0 -J&J 102 Jones & Laughlin St 5s ’3 9.M & N Jurgens (A nton) Un (M argarine) W ks co n v 6s 1947 ( f l a t ) .-J& J / 100 Kaufm ann D ept Stores C orp— 95% 6 % notes ’35 with warr’ts.F & A K ayser (Julius) & C o — 104% 1st M s f 7s 1942_____ F& A 15 K elly-Springfield Tire C o — 8 % g notes M a y 15’31 M&N 15 102 103 K eystone St & W ire 8s '4 1 - -A & O 106% K inney (G R ) C o 7 % s 1936-J& D Knight (B B & R ) 7s 1 9 3 0 --M & S / 51 K rupp (Fried) L td — 88 7 % dollar notes D e c l5 ’29 J&D La Belle Iron W ks 1st 5s '40 J&D 102% 1st & re f 6s 1940_________ J&D 90 Lackawanna Steel 5s 1 9 5 0 --M &S L ake Superior C orp inc 5s '24. Oct / 1st & c o llt r gold 5s 1 9 4 4 .-J & D n 4 5 " Lehigh C oal & N a v i g a t io n 92 Funding 4s g July 1 1 9 4 8 .-J& J 96 99% C ons s f g 4 % s 1954_____ J&J Leh & W -Barre C oal— See C ent R R R o f N J p 3 1 104 104% L ib b y M c N & L ib by 7s ’31 M&N 119 119% L iggett & M yers g 7s 1 9 4 4 .-A & O 100% 101% G old bonds 5s 1951______ F& A L ittle (A E ) C o 7s 1942____ A& O 116 Lorillard (P) C o g 7s 1 94 4 ._A & O n§% 96 96% G old bonds 5s 1951______ F& A 95 96 Lukens Steel 1st M g 8s ’40 M & N M agnolia Petroleum C o — D eb g 4 % s 1926_F & A15 D eb g 4 % s 1927_F & A15 D eb g 4 % s 1928_F & A15 D eb g 4 % s 1929-’3 4_F & A15 91 86 M a llory SS 1st s f 5s 1932___J&J 101% 101% M anati Sugar 1st 7 % s ’4 2 ..A & 0 M anufacturers’ Finance C o— 98 99 C ol tr 6 % notes 1935____ A&O M arland Oil C o — 101 101% 5 % gold notes 1926_____ M & N 92 M cM y le r Interstate 7s ’4 3 -J & D M id -C ontin ent P etrol C orp— 99 1st s f 6 % s 1940_________ M & S M idlan d Steel P roducts— 125 130 1st 7s 1938_____________________ M id vale Steel & Ordnance— 90% 90% C on v s f 5s 1936_________ M&S 102 MiUer (I) & Sons 7s_________ 1934 100% M on on C oal— See C hic Ind & L Ry^p 32 82% M orris & Co 1st s f 4 % s ’3 9 . J&J 102% 103% 7 % % gold notes 1930___M & S 78 97% M tge -B o n d Co 4s ser 2 ’ 6 6 -A & O 5s series 3 1932____________J&J 9 7% 99" M u rra y B o d y 1st 6 % s 1934-J& D 94% 94% N a t A cm e 7 % s 1931________ J&D N a t Distillers P roducts C orp — 100 101 7 % con v guar notes 1930-M & N 100 N a t E nam & Stpg 5s 1 9 2 9 .. J& D 99" 96% N a t Starch deb 5s 1930 g u .-J & J 102% 101 N ational T ube 1st 5s ’ 5 2 . -M & N 62% 62% N atom as C o gen 6s 1935___J&J N ew E ng Nav-^-See N Y N H & H H R R 87 91 N ew E ng O il& R ef 1st 8s’31 M&S 98 N J Zinc 1st 4s 1926_______ A& O 102 105" N ew N iquero Sugar 7s 1 9 3 2 .J&J N ew R iver C o 1st 5s 1934___J&J 90" 93" N ew port C o 7s 1932________ M & S 103% 102% N Y A irB ra k e lst 6s’28 co n v M &N 80 78% N Y D o c k C o — 1st g 5s ’ 5 1 -F & A 86 N Y & H ob F y 5s M a y '4 6 .-J & D 91 H oboken Ferry 5s 1 9 4 6 .-M & N 89 N Y & N J Ferry— 5s ’4 6 - -J& J 78 N Y Shipbldg 1st 5s N o v 1 ’4 6 ___ N ew Y o rk Steam — See Public U t ilities 35 33 N orw alk Steel 4 % s 1929____ J&J 6b 64 N o v a Scotia S & C 5s 1 9 5 9 .-J& J 75 70 O ’ Gara C oal 5s ’ 55 o p a ft’08 M & S 105 Ogilvie F lour M ills 6s ’3 2 ___J& D 106 Series B _______________________ 105 Series C _______________________ 96% 96% Old Ben C oal 1st 6s 1944___F&A Oswego Falls C orp 8s 1 9 4 2 .-F & A 105" Otis Steel s f 8s 1941_______ F&A 100% 101 1st s f 7 % s 1947 ser B ___F&A 92 91% P acific C oast C o g 5s ’4 6 ___J& D P ac Fruit E xp E q — See So P a cific C orp P an-A m er P etrol & Transp C o— 106 105 1st lien equip 7s 1930____ F&A 108 107% S f 6s 1934_______________ M & N Park Lexington— 94% 95 1st leasehold s f 6 % s '5 3 --J & J 96% 97% Park & T ilford s f 6s 1 9 3 6 .-J & D 100 Penelec C oal 6 % s 1944____ F&A 102 104 Penick & F ord 6 % s 1943___J&D Penm ans L td — 1st 5s’26op M & N 99 Penna C & C 1st 5s ’32 o p .-J & J Penn M a ry Steel— See B eth Steel s Sale price. 44 TXTtyttstTCTAL AKD MISCELLANEOUS RONDS AND STOCKS [Vol. 121. NOTICE.— All bo n d prices are “ and Interest ’ except where marked “ P 1 an d Incom e and d efau lted bon ds. B o n d s. ftBasis. Ask. Bid. Pennsylvania Steel— P a& M d Steel con g 6s’25 M & S Span-Am er Iron 6s 1927. .J& J PhUa & R ead C & I 5s 1973.J& J Phillips Petroleum Co— D e b g 734s ’31(w ith w a r).A & O W ith out warrants____ __ Pierce-Arr M o t Car 8s 1943 M&S Pierce OU 8s D ec 15 ’31 J&D15 Pillsbury Flour M ills Co— 1st M 6s 1943 __________ A&O P ittsb Brewing 6s Feb 4 ’49 J&J Pitts Coal deb 5s July ’3 1 . M & S Pittsburgh-W estm oreland Coal 1st s f g 5s 1947 o p ______ M&N Pleasant Val C oal 5s 1928 .J & J Pocahontas Consol Collieries— 1st gold 5s 1957 o p _______ J&J P ort Arthur Canal & D ock — 1st 6s 1953 ser A . . ___F&A 1st M 6s 1953 series B ..F & A Porto R ican-Am er T ob a cco C o— 8 % g bds M a y 15 ’3 1 ..M & N 1 5 PoweU R iv C o 6s ’26-’27 -J& J Power C orp o f N Y 634s ’4 2 ..1 0 0 1st M s f 6s 1942 B ______ M & N Pressed Steel Car 5s 1933 J&J Price Bros & C o Ltd— 1st M 6s 1943 Ser A . . . F&A Producers & Refiners C orp— 8s 1931 (with warrants) .J & D W lthout warrants attached . . Punta Alegre Sug s f 7s '27 J&J Pure Oil C o 634% notes ’33 J& D R em ington Arms 6s 1 9 3 7 .-M & N R epublic Ir & Steel 5s ’4 0 . A&O R e f & gen 5 34s ’53 s er A .J & J Rim a Steel C orp— l s t s f 7s 1 9 5 5 .................. F&A R iordon Pulp & Paper L td — 1st 6s June 30 1 9 4 2 .- .J & D 3 0 R obbins & M yers 7s 1942___J& D R och & Pitts C & I 5s '4 6 .-M & N 1st s f g 434s 1932 o p t____ F&A R ock y M tn Fuel 5s 194 3 -_______ R ogers-Brown Iron 5s ’26-’40 J&J Gen & ref 7s 1942_______ M&N St Joseph Stk Y d s 434s '3 0 . -J& J St Lawrence Pulp & Lum ber— 1st M 6s 1926-1929______ F&A 1st M 6s 1930-1933______ F&A S t Regis Paper 6 34s '2 5 -'2 9 .-J& D 634s 1930-1934___________ J&D St Louis Brew Assn 6s 1 9 3 9 ..J&J St L N at Stock Y d s 4s '3 0 . -J& J St L R k y M t & P 5s '55 s tp d . J&J Saks & C o s f 7s 1942. . . M&S Saxon Pub Wks (G erm any)— 1st extl s f 7s 1945_______ F& A Securities C o N Y 4 % c o n s ..M & S Sen Sen Chiclet— See A m Chicle Sharon Steel H oop 8s 1 9 4 1 ..M&S Shawsh M ills 7 % notes ’3 1 . .A & 0 Sheffield Farms C o— 1st & ref 634s 1942______ A&O Shults Bread 1st 6s 1940...M & S Slemans & Halske— 3-year sec s f 7s 1928 _____ J&J 10-year sec s f 7s 1935 ___J&J Sinclair Cons OU Corp— 1st 1 coU 7s ser A 1937.M&S15 1st lien coU 634s ’38 ser B .J & D 1st 1 6s ’27 O with w a rr..J & D Sinclair Crude OU Purch Co— 6 % notes ser A 1928_____ F&A Sinclair Pipe Line s f 5s ’42 A&O Sizer Steel 1st 7s, 1937 ____ M&N Skelly Oil 634% notes '2 7 . -A & O __ 100 101 99X 107 10454 10434 10634 10134 90 98 105 10454 10634 102 9934 83 9734 9134 99 ____ 91 101 10134 102 101 ___ 103 100 93 10434 ____ 104 101 94 34 100 10054 112 110 10434 10054 88 95 92 11354 11034 104 34 101 8834 9534 9234 8834 8834 r 10054 6234 9154 ___ 55 ___ 6134 9534 / f 6 % s f gold notes 1929___F& A 100 68 60 6334 20 20 100 98 102 100 95 7834 10634 96 79 10734 9134 54 9134 57 106 10134 10634 10154 10634 97 10754 100 94 91 9434 92 933-8 8754 10934 9334 8834 10934 10054 86 f ____ 110 10054 8654 11134 /T h i s price Includes accrued Interest, 5 % serial notes 1926_____ F& A 6 % serial notes 1927_____ F&A 5 % serial notes 1928_____ F&A 5 % serial notes 1929_____ F&A 5 % serial notes 1930_____ F&A 5 % serial notes 1931_____ F&A 5 % serial notes 1932_____ F&A 5 % serial notes 1933_____ F& A Standard Oil o f N ew Y ork— 6 34% g deb M a y 1 ’3 3 --M & N Standard Plate Glass C o— 6 % notes 1930_____________M&S Stand Steel W ks 1st 5 s.’2 8 - -J& J Standard T extile Products— 1st s f 634s 1942_________M & S Steel C o o f Can 6s 1940____ J&J Steel & T u be C o o f Amer— Gen M s f 7s 1951 Ser C ___J&J Sugar Estates o f Oriente— 1st s f 7s 1942___________ M & S Sun OU deb s f 5 ^ s 1 9 3 9 --M & S Superior Oil 1st 7s 192 9 --F & A 1 5 Swift & C o 1st s f g 5s ’4 4 . ..J & J 5 % s f g notes O ct 15 ’3 2 . -A & O T aylor-W harton I & S— 1st 6s 1942_______________ M & S 1st & re f 7 34 s 1946 Ser A . .J& J Tenn C oal I & R R 5s 1951 J&J Ala Steel & Shipbldg 6s ’3 0 . J&J Tenn C op C o con v 6s ’2 5 ..M & N Thyssen (Aug) Iron & Steel Wks 5-vear s f 7s 1930_________ J&J Tidal Osage OU s f 7s 1931 ..F & A Transcontinental Oil— 7 % notes 1930___________ A&C T raylor Eng & M fg 8s 1 9 3 6 .. Trum bull Steel C o— 15-year s f deb 6s 1 94 0 --F & A Tubize Artificial Silk 8s '4 3 . _J&J Union B ag & Paper 6s ’4 2.M & N U nion Oil C o o f California— First lien s f 5s 1931 o p t ___J&J 6s M a y 1 1942 Ser A _____ F&A 5 f g 5s Feb 1 1935______ A&O Union Steel C o 1st 5s '52 gu_J&D United D rug 6s ’44 te m p .A & 0 1 5 U nited Lead deb 5s 1943____ J&J United Oil Producers C orp— 1st 8s July 25 1931____ J&J25 United Steamship 6s 1937.M & N United Stores R ealty fis '4 2 .A & 0 U S E n v 1st 5s 1 9 2 5 -1 9 3 4 ...J&D U S Finishing con g 5s 1 9 2 9 .-J& J U S R ubber 734% notes ’3 0 .F & A 1st & re f 5s 1947 Ser A ____ J&J 634% serial notes 1926___M&S 634% serial notes 1927___M&S 634% serial notes 1928___M&S 634% serial notes 1929___M&S 634% serial notes 1930___M&S 64$% serial notes 1931___M&S 634% serial notes 1932___M&S 634% serial notes 1933___M&S 634% serial notes 1934— M&S 634% serial notes 1935___M&S 634% serial notes 1936___M&S 634% serial notes 1937— M&S 634% serial notes 1938___M&S 6 34% serial notes 1939___M&S 614% serial notes 1940. — M&S k Last sale, n N om inal, 10154 103 10434 10034 102 10054 10094 10054 10054 10034 100 34 10034 10034 10134 10134 10134 10034 100 94 10054 10034 10054 107 10754 98 9854 104 10454 10054 — 1 00 92 34 104 93 10754 10754 9434 983-8 93 P8 96 95 98 34 9434 99 9634 — 90 77 Bid. B on d s. A sk. Bid. B on d s. 101 93 82 10134 100“ 10134 94 10334 9434 104 CT S Smelt R efg & M ining— C on v 6 % notes 1926_____ F&A United States Steel C orp— C ol tr s f 5s A pr '81 op 'l l . V a r C ol tr s f 5s Apr ’51 not o p .V a r C ol s f 2d 5s Apr '63 o p ’ 13 M & N Univer’l W inding C o 7s '3 7 .-J & J Utah Fuel— See Den & R io G r , p 32 Vacuum Oil C o 7 % 1 9 3 6 ..-A & O Vandalia C oal 1st 6s '30 op_J& J Van Slyke & H orton 7s 1938-----Vertientes Sugar 1st 7s 1942 .T&D V ictor-Am er Fuel 1st 6s '40 _F&A Victor Fuel 1st s f g 5s 1 95 3 .J&J Virginia-Carolina Chem ical— 1st s f 7s 1947 ser A ______ J& D C ertificates o f d ep osit---------C t f o f deposit stam ped______ S f co n v 734s 1937 ser A ..J & J W ith & w ithout warr attach C ertif o f dep w ithout warr O ertif o f deposit w ith warr Va Iron Coal & C oke 5s ’49-M &S Ward Baking 6s 1937____ J& D 15 Warner Sugar R e f 7s 1941. -J& D Warner Sugar C orp 1st 7s ’39 J&J W ayne C oal 6s 1937_______M&S W ebster C& C 1st g 5s ’42 op M&S W ebster M ills 634s 1933. - -J& D W est K y C oal 7s 1944_____ M & N W est Virginia C oal & C oke— 1st M 6s 1950......... - ...........J&J 7 % gold bonds 1931_____ M &N Thitaker-Glessner C o 5s ’41 A&O 1st s f g 6 s 1941___________ A&O A sk. 10054 1 C1 110 110 113 113 10534 10234 10554 1 01 105 X 10554 io i" 90 103“ 9054 53“ 65“ 9834 9734 93 9834 98 9334 7834 7834 7934 80 7834 9134 10334 9034 10334 9334 81 04 8134 24 94 9934 10154 92 98 34 10134 PO 8534 9954 100 10654 95 ____ ‘• ’ 354 85 80 10134 993-s 7134 7134 73 71 10634 9354 10134 81 8034 7954 10134 99 703-s 7054 6954 703t C ertificates o f d eposit_________ Stam ped_____________________ 9934 W illys-Overland 1st 634s ’33 M & S 9934 W ilson & C o 1st 6 s 1941____ A&O C o n v s f g 6 s 1928--------------J&D C ertificates o f deposit---------9734! 110 | C o n v s f g 734s 1 9 3 1 ____ F& A 108 96 C ertificates o f d eposit---------9734 W inchester R epeating Arms— 10134 9954 1st gold 7 34s 1941_______ A&O 8434 104 34 10434 W oodward Iron 5s 1952----J&J 95 34 9934 95 54 Youngst Sh & T u b e 6 s 1943-J& J 108)4 10734 1043-s E XC H AN G E SEATS. 10434 N o. Last Sale $ 9634 9734 N Y Stock E xch 1 ,100S122,000 '6 0 0 34 N Y C on Stk E x ch . 425 500 1.150 9414 > 95 N Y P rodu ce E x c h .l,800 1,250 103 M' 104 N Y C otton E xch _ 450 31.500 25,000 9 9 14 N Y C o f & S u g E x . 327 13.750 N Y C urb M a rk e t. 550 20.000 98 — 87 1,750 10614 107 X Baltim ore Stk E xch 8834 8 8 34 B oston Stock E x c h . 139 7.000 10134 1 0 1 34 Chicago B d o f T r ’d e l ,592 8.350 — 10134 250 5,200 101X Chicago Stock E xch 10034 Cincinnati Stk E xch lOOVa 35 8.000 36 3,000 10034 10034 Cleveland Stk E xch 4:0 2,500 10034 1 0 0 X D etroit Stock E xch 4'975 100 6 6 4,975 10034 Los A ng Stock E xch 29 1,200 9834 99 34 Louisville Stk E xch 99 34 M inn Ch o f C o m m . 587 3,350 9834 99 M ontreal Stock E x . 71 23,000 8,900 98 N ew Orl C otton E x . 500 9,500 1,800 98 N ew Orl Stock E x . 70 650 Phila Stock E x c h .. 206 2,700 9834 9834 99 r.so o Pittsb Stock E x c h . 115 1,900 99 St Louis E xch an ge. 50 1,950 98 X 63 30,000 9934 S an F rS tk& B dE xch *500 W ashington Stk E x 40 500 99 s 9734 __ 1 r Canadian price, 10154 86 9954 $ l'2 5 0 :::: 8'400 5,500 — o'. 500 2,600 2,700 2 .0 0 0 '7 5 0 s Sale price. INDUSTRIAL AND MISCELLANEOUS STOCKS S to c k * . Par T E X T IL E M FG. STOCKS. N o r th . M ills. Par Aeushnet M ill (N B ) l A m Linen (Fall R ) l American »M fg -_10 0 Amoskeag M fg (voluntary a s s n )._ (t) Preferred______(t) A ndroscog M (M e ).l A ppleton C o (Mass)Z Arkwright M ( F R ) .i Arlington M (M ass) 2 Barnard M fg (F R ).2 Bates M fg (M e ). 100 Beacon M fg ( N B )./ Preferred_____ 100 Berkshire C ot M fg . A dam s, M a ss. 100 B lgel-H artf C arp’t - t Preferred..........100 B ooth M fg (N B )._2 Preferred_____ 100 B oot M ills (M a s s )../ Border O M fg (F R ) / Boston M fg pref.1 0 0 Bos D u ck (M a s s )-.c Bourne M ills ( F R ) ./ Bristol M fg ( N B ) . . / Butler MUl (N B )..Z C abot M fg _____ 100 Ohace M ills (F R ) ..Z Charlton M ills. .100 C hicopee M fg (p f). .1 C ity M fg C r’p (N B ) / C on tin ’1 M (M e) 100 OornelljMUls ( F R ) ./ Bid. A sk. | Per share. 41 80 75 40 89 8534 8334 74 76 85 92 77. 90 470 25 __ 215 125 141 10034 104 115 100 105 85 16234 114 50 ___ 100 120 60 230 100 S to c k s . Par Dartm outhTM fg C orp (N B ) ___100 Davis M ills (F R ) Z D avol MUls ( F R ) . Z Draper Oorp__ .100 Dw ight M fg (M a ss). Edwards M fg (M e ). 1 Esm ond M (R I ) , p f / Essex C ot M p f_100 E verett M (M a ss). . / Fairh MUls c o m . 100 Preferred_____ 100 Farr Alpaca (M ass) / Flint MUls (F R ) . . / Franklin Co ( M e ) . . / Gosnold M ( N B ) . . Z Bid. 113 8.5 85 40 147 22 /M 97 96 60 20 179 90 200 56 70 Granite MUls ( F R ) ./ G t Falls M fg (N H ) / 1534 G rin nellM fg ( N B ) . / 102 HamUt M fg (M ass) / 35 HamUt W TMass) _ ./ H arm ony M ills p f / 85 Hathaway M fg (N B )/ 83“ Hill M fg Co ( M e ) . J 2234 91 H olm es M fg (N B ) . Z __ 90 Preferred_____ 100 103 H om e Bleach & D W t Preferred_____ 100 118 Ipswich MUls___100 3734 P r e f e r r e d .___100 70 50 KUburn M (N B)__Z 127 K ing PhUip M (F R )/ 140 Lancas’r M (M a s s)./ __ Preferred . . .100 8634 135 Laurel Lake co m ___ 7 115 Preferred ______ Lawrence M fg (M ).Z 55 Lincoln M fg ( F R ) . . / 75 L ockw ood Co (M e ) ./ 95 146 103 A sk. S to c k s . Par Bid. Ask. | S to c k s . ft Assessment paid, c Par value $700. d Price per share, not per cent, ft Par value $1,000. k Last sale. I Par value $100. n Nominal, r Canadian price, s Sale price, t New stock, z Ex-div. y Ex-rights, z Ex-stock div. t Without par value. Par Per Shnr* . | Luther M fg (F R)__Z 115 Ponem ah M (P roy).Z 130 __ 1 P r e fe r r e d ____ 100 Lym an M ills (M ) . / 147 122 90 M anom et M (N B ).Z 36 Potom ska M ( N B ) ./ Mass C ott MUls 100 92 Quissett MUls (N B ) / 50 1M echanics' M (F R ) Z 50 P re fe rre d .. ..1 0 0 80 R ich Borden M fg 149)4 M erch M fg (F R ) . . . / C o (F R ) ____ 100 26 M errim ack Preferred. M f g ____ .100 80 h5 99 102 |Sagamore m fg (M a ss)_____ __ 100 Preferred . ..1 0 0 74 78 1 (F R ) _________100 M iddlesex C o (M )_ _ Salmon Falls M fg M t V -W ood M ills C o (N H ) _____ 100 (Balt) v t r ____ 100 10 25 Seaconnet M ( F R ) ./ 60 56 Sharp M fg (N B ) . / Preferred v t r _ 100 N arragansett M ills 185 Preferred____ 100 95 (F R ) _________100 Shawmut C ot M ills Nashawena M ___100 108 111 (F R ) co m ____ 100 _-BJ R ig h t s .. ______ 134 234 Nashua M (N H ) 100 61 64 Shove M ill (F R ).1 0 0 70 P r e fe r r e d ____ 100 94 99 Skenandoah C otton 18 95 100 C o (U tica )____ 100 N a t Fabric & F in . 100 97 P re fe r re d .. ..1 0 0 10J Soule M ill (N B)_100 Stafford M (F » ) . . / 3834 N aum keag (M a s s ).. 65 Steam C ot C o 100 195 200 Stevens M fg (F R)_Z 91 N eild M ills ( N B ) . J 215 T aber M ills ( N B ) . . / N ew B ed f’d C ot M _ / 100 115 T horndike (M a ss)__ 9734 Preferred_____ 100 10234 Trem ont & Suffolk 24 34 10 8 M (M a s s). ..1 0 0 11734 N ew Eng Sou M ____ P r e f e r r e d .___100 20 T ro y O ot'n & W o o l’n Newm arket M f g ___ M fg (F R ) ____500 Co (N H )_____ 100 U nion C ot M f (F R ) / N onquitt Sp ( N B ) ./ 52 45 U tica K n it C o ..1 0 0 Osbora MUls (F R ).Z 74 77 34 P re fe rre d .. ..1 0 0 Pac MUls (M ass) 100 61 120 6234 U tica Steam & M oh Parker M U l s ( F R ) ../ 25 Val C ot M fg ____ I P r e fe r r e d _____ __ 40 W am panoag MiUs 85 25 Pem aquid M . 20 (F R ) _________100 Pepperell M fg (M e )/ 135 140 W amsutta M (N B ) Z 14 Pierce M fg (N B )._Z 400 75 450 US Pilgrim M new _____ 65 Pocasset M fg ( F R ) ./ 30 40 100 Per share. Bid. Ask. Per share. 125 95 105 8234 8734 130 140 100 98 205 k 32 5234 50 ._ 57 34 140 50 30 175 40 120 102 — 55 125 107 — 43 47 100 105 50 80 b > 85 95 ___ 80 105 50 82 m 1st install. paid A ug., 1925.] IN D U S T R IA L A N D M IS C E L L A N E O U S S T O C K S 4 5 Ask. Stocks. Par. Bid Ask. ! S tocks. Par. Bid. Ask. Per share. Per share. Per share. 52 52)4 TITLE GUARANT EE & __ Cerro de Pasco___ t Weetamoe M (F R ).I 33 % SAFE DEPOSIT ST OCK 33% Chili Copper_____25 Whitman M (NB).Z 25 22)4 Chino Copper_____5 Winnsboro M pf 100 149 2 2 Vs American Surety. 50 a 140 Consol Copper____1 York Mfg (M e ). 100 274 605 Con Min & Sm .25 r lUb>3 106% Bond & M Guar. 100 268 595 20% 20)4 Chicago T & Tr.100 450 Cop Range Con. 100 835 845 S outhern Mills. 175 ____ CitySD(Alb,NY) 100 170 Crown R eserv e __ 1 r 18 570 580 Columbia Title Davis-Daly Cop__ 1 565 575 Abbeville C M (SC)/ (Washington)__ 5 d 8 Fidelity & D(M d) 50 d 101 21 DeBeers Con M ____ 555 20)4 86 90 Anderson O M (SC)/ Insp & I n s __ 100 14 14% Kentucky Title Co Dome M in e s _____t 71 715 725 77 90 Preferred_____ 100 3 % 3% East B u t t e _____10 235 555 245 Arcadia M . _ .100 Phoenix (Fire) .100 Lawyers’ Title & 15 17 Federal M & Sm.100 101 103 Preferred.. . . . . . Life Insurance. 285 Guar_____________ 275 55 56 825 840 Preferred_____100 99 105 239 Lawyers’ M C o .. 100 234 First National 20 30 Augusta Fac (Ga)_Z Aetna Life______100 1120 225 16c. 20c. Louisville Title. .100 220 1475 1525 Cop ($3.75 pd) 5 875 925 Maryland Cas C o .25 d 96)4 70c. 1 Franklin _ .25 400 1375 1385 142" Mortgage Bond. 100 136 60 Goldfield Consol 65 Belton Mills (S C) / 216 s 8c. Nat Surety C o. .100 210 Mines. _. 10 95 98 New Amsterdam d 11 Granby Cons M S 230 235 12)4 Bibb M fg______100 Sterling Fire_____10 55)4 Casualty (Balt) 10 d ____ 14)i 16 & Power . 100 106 Preferred___ 100 104 388 N Y Title & M tg . 100 382 Per cent. 96 Grapite-Bi-Metalic Louisville. Brandon M , p re f.. 100 150 R E T Ins(Wash)100 24c. 35c. ___ (St L ou is).. ..1 0 200 B rogon.. _ 100 107 110 L ib e rty ________ 50 Tit Ins & Gu(SanFr) 235 14 13)4 Greene-Cananea .100 1.5 Brookside M ills. 100 49 % 50c. 80c. Title Gu Tr(StL) 100 Per share. 114 118 Hancock Cons ..2 0 Calhoun Mills _ _ M inneapolis. 330 15 00 U S Casualty____100 315 14 190 Hollinger Mines__ 5 r 14.85 15 Nor’west F & M .100 n 185 Chadwick- Hoskins25 44 45)4 USFidel&Gu(Md) 50 d ____ 210 125 131 Homestake Min.100 Chesnee M __ __ 294* 287 U S Title G u ar.. 100 265 Newark. Howe Sound Co 275 Chiquola M fg __ 24 20% 25 21% 93 96 New v t c . _____ INDUSTRIAL AND 225 136 Firemen’s___ __ 50 y 215 Inspiration Cons Clifton M fg (S 0)100 132 ' MISCELLANEOUS 28 50 250 Copper. ______20 140 140 Columbus Mfg (Ga) 136 Island Creek Coal 1 139 Abitibi Pow & Pap.fjd 64)5 97 98 109 65)4 115 New Haven. ______ 1 Preferred Converse (D Ej.100 Preferred_____100, m l08 65 12 70 Security Ins_____25 Isle Royale Cop .25 11)4 91 53% 53% Adams Express.. 100 93" 140 Kennecott C op "__ t Dallas M fg (Ala) .166 130 Per Share. 15% 80 Kerr L a k e __ ____ 5 1% 1 % Advance-Rumely 100 Darl’g ’n Mfg (S C) . / 86 New Orleans. 16)4 Preferred_____ 100 58 100 Drayton Mills__ 100 L afayette_______ 50 240 Lake Copper__ 25 58)5 1% ix 47c Aeolian-Weber 90 45c. 95 LaRose Mines Ltd.5 Dunean 100 Per Share. LaSalle Copper__ 25 Piano & Pian_100 18 22 93 New Y ork. 95 Preferred _______ 1% 1% Preferred_____ 100 87 310 92 Amer Alliance. 100 300 41 Eagle & Phenix Magma Cop Co__ t 41)4 'Air Reduction_____f d 102)5 103 170 Bankers & Ship. 100 250 1% 2 Mills (Ga)__ 100 160 Mason Val M in es..5 91 94 75c Ajax Rubber______ f d 12 City of N Y _____100 290 50c. 12)4 Easley Cot M , pref. Mass Cons. _ .25 ___ Mayflower Old Col25 90 100 Enterprise M f (Ga) / Commonwealth .100 300 1H 1 % Alabama C o____100 Albany Com____100 85 60 76" 87 Continental_____25 d 114 18% Gaffney Mfg (S C )./ 114)4 M clntyr ePorcupine5 19 167 10 165 Fidelity-Phenix__ 25 d 165 Miami C op per.. 5 X Gainesville Cot M . . 155 10% Albany (N Y) Safe Dep & Storage 100 160 125 1400 170 135 Globe & Rutgers. 100 1350 M ic h ig a n .._____25 Glenwood M ills.. 100 286 X 30 105 Great American. 100 283 31)4 Allied Chem & Dye Corp____________j d 90 M Hanover _______ 50 d 177 183 8% Granteville M fg . 100 135 Motherlode C T n ._ t 90)4 8% Preferred_____ 100 119% 360 Home________ 100 357 13% Greenw’d C M (SC)Z 400 Nevada Cons C o p .5 13)4 Allied Pack new__ ) 250 d 69)4 71)4 20 19)4 , n 88 Prior pref_____100 48 83 ; 56 50 Met Casualty Ins. . 78 New Dominion A". 1 10c. 20c Preferred______ 50 Senior pref____100 12 140 16 Hamrick . . _____ 135 National Liberty.50 d 220 New River Co ..1 00 31 Allis-Chalmers M fg 149 Niagara________ 50 d 244 248 160 Hartsville Cot M __ P referred ____100 X 40 42 Com m on_____100 81)5 82 155 265 5 165 4% Preferred_____ 100 105)5 1 1% 103 North River_____25 d 110 115 107)5 200 Pacific Fire______ 25 i 220 240 37 15c. 25c Aluminum M frs___t d 33 190 Preferred_____ 100 108 193 Rossia Ins_______ 25 d 89 34 Judson__ ______ 100 90 112 Ohio C opper.. .10 76c. 80c Amal Sugar com __ t d 2.90 106 Stuyvesant_____100 220 Preferred.. . 100 104 225 3.15 Old Dominioh Co.25 19 20 1st preferred. . 100 94 125 King.J P.M fg (Ga) / 115 United S ta tes___20 d 140 146 Ontario Sil Min __t 96 6)4 7)4 Am Agri C h e m ..100 21)5 Laurens C M (SC )-/ 150 Westchester______10 d 44)4 22 45)4 Park City M & S ..5 5% 6 130 Preferred_____ 100 64 142 Limestone C & M Pit & MtShasta Coo s 5c 64)4; Am Bank Note__ 50 xdl70 145 Philadelphia. Marion Mills _ 100 135 Pond Creek— 180 45 50 Alliance o f Phila. . 10 54 Preferred______ 50 d 53)5 57 Marlboro C M (SC) / Pocahontas______ 13% 58)413)4 91 Am Beet Sugar.. 100 37 Mass Mills (G a). 94 Fire Association. .50 276 280 Quincy. _______ 25 24 38 23)4 Preferred_____ 100 86 Ins Co o f N A ..1 0 55 Mills M fg Co (S C )./ 285 38 40 55)4 Rand Mines, Ltd__ 88)5 Ins Co State o f Pa 100 150 Mollohon M f g ____ 102 105 Ray Cons Cop .10 14 134 14% American B ook. .100 130 Am Bosch Magn’o .l d 30 Lumbermen’s ___ 25 100 Monarch C M (SC) / 126 130 St Joseph Lead -.1 0 41 40% 30)4; People’s Nat Fire__ 28 Am Brake 3h & F _ .i d 106)5 33 St Mary's MineralPreferred. ____ 101 108 Preferred______100 110 71 Phila Life_______ 10 10 Musgrove Mills___ 75 Land _________ 25 115 34)4 35)4 Reliance_________ 50 100 Newberry C M (SC)/ 120 125 103 San Toy . _. 1 k 3c American Can__ 100 xd207% 207)4: Preferred_____100 United Firemen’s. 10 15 Ninety-Six M ills.. 150 Seneca Cop Corp _t 118)4 119)5 ____ Victory _ _ 50 100 84 103 Shannon . . 10 Norris Cot M _____ 75c Am Oar & Fdy.-lUO d 100)5 60c. 102 Preferred_____ 100 99 102 O rrC otM (S C).100 Shattuck Ariz OoplO 6% 126)4 6)4 tn Caramel____100 Providence. 95 97 25c. 75c 6 ~8 Preferred_____100 208 Prov Wash’ton__ 50 380 Pacolet Mfg (S C) . / 203 390 Superior & Boston 10 60 68 1)4 1% Am Chain Class A 25 105 Preferred. 100 102 Superior.. . . . .25 23)5 23)4 ' m Chicle_________t R ichm ond. 86 Panola-C M A p f. 90 90 Tennessee Copper 49 51 Temp v t c ______ i 18 Virginia F & M .25 90 11 94 20 47 % 10% 51 Preferred_______ t Phillips Buttorff M / 165 Deposited S tock.. 94 175 90 Tonopah Belmont. 1 90 11-16 93 % Temp v t c ____t 120 126 Pickens Cot M . __ Tonopah (N e v ).. 1 89 3% 93 3)4 St. Louis— m Cigar______ 100 133 Piedmont Mfg (SO) / 136 Tonopah Ext M in.] 1% 81 84 1% Cent States Life__ 5 Preferred_____ 100 14 Poe, F W. Mfg (SC)/ 106 16 110 Trinity Copper___ 5 4 6 95 97 Continental Life. .10 28 m Coal of N J ...2 5 87 90 30 Poinsett Mills. _l00 United Verde Kxt50c 23 23)4 Missouri State L.10 45 49 Riverside & Dan Riv 195 Utah-Apex ____5 X 5% 47 5% -m i Credit lndem .26 47)4 Internal Life __ 50 Am Cyanamid-_100 110 10 65 Riverside M __ 12.50 9)4 70 Utah C onsol.. . 5 116 Preferred_____ 100 Standard L ife .. . . 5 Saxon M i l l s . __ 100 85 88 3 5 Utah Copper C o .. 10 95% 81 84 97)4 Sibley Mfg (Ga).100 60 70 Utah Metal & T u n .l 51c. 56c. Am Drug Synd__ 10 5)5 5)4 160 St. Paul,M inn. 149 135 25c. 32c. 137 Am Fork & H oe. 100 St Paul F & M __ 25 90 Toxoway. .25 31 33 92 W inona_________ 25 25c. 95 17c. 60 1st preferred. .100 100)5 Union-Buffalo M __ 65 W y a n d o t .._____25 75c. San Francisco. 94 1st pref___ .100 91)4 Yukon G o ld .. 5 30c 44 20c. 46 Preferred. Firemen’s Fund. 100 86 M .100 109 2d pref__ . 100 50 55 86% 119)5 Home Fire & Marine d 31)4 Victor-Monag Co / 105 107 REAL ESTATE T R 90)4 92 Preferred_____100 108 112 & LAND STOCKS Per share. 10 10)4 Springfield .Mass Ware Shoals M fg 100 140 150 10)5 10)4 ____ Preferred. Springfield Fire & Mi 405 .100 415 Watt Mills________ 70 Albany Tr (Bost)100 a 58 65 67 93 1st preferred_____ 96 Alliance Realty. . 100 165 25 W ashington. 2d preferred____ 120 130 Bedford Tr (Bos) 100 a 57 117 119)5 American__ 100 225 Preferred. .100 Webb Mfg (Nash).Z 20 40 Berkeley H otlT r(B )/ a 75 83 85 Corcoran________ 50 150 West Point M fg. 100 130 135 Bd of Tr Bid T r(C )./ a 34% 35)4 Fireman’s _______ 20 22 Whitney Mfg (SC).Z 90 95 Bos Gr’d R ’t Tr (C) / a 110 National Union__ 5 Williamston M ills.. 195 17 Fire Eng Inc__ 10 xd 12)4 Bos R E T (Bos) 1000 a 925 960 12)4 Preferred_____ 100 97 Woodruff M . 100 140 145 Bos Stor W 'h’se (B) Za 123 98 W heeling , W .Va Amer Laundry Woodside Cot M 100 110 Boston Wharf C o ../ a 112 115 ___ k 150 Wheeling Fire 1 .100 90 P re fe rre d -__ 100 Bromf Bldg Tr (B) . / a 70 Machinery----------1 d 109)4 111 91 Business R E Tr(B) / Preferred_____ 100 123 25 MARINE INSURCanadian Mills. Cent Bldg Tr (B)__Z a Amer Linseed___ 100 27)4 28" ANCE SCRIP. Can'n Connecticut Preferred______100 71 Chic R E Trus’s 1000 a .030 72 Cum pref. .100 r 44)4 47 Amer Locomotive, t d 113 City R E T (C).IOOO a 500 113)5 Per cent. Can Convert, L td. / r ----87 M Atlantic Mutual— Congress St AssociPreferred_____ 100 118 122 104 Can Cottons, LtdlOO r ____ 119 1923_____________ f 103 Am Mch & Fdy.100 163 ates (Boston) /a 65 168 1924_____________ f 103 r 95 M 104 )4j O'gress St Big TrfR)Z Amer Metal C o____ t d 49)5 49)4 103 1925____________ Domin Text, L t d .-t r 84 ‘/& 105 Preferred_____ 100 114 85 Copley Sq Tr (B os)./ a 38 115 Preferred. ..1 00 r 116 Devonish Big Tr(B)Z 55 Amer M ultigraph..t d 21 22 MINING STOCKS. Per share. Montreal C otton s../ r 101 Preferred_____100 102 Preferred.. a 102)5 Preferred 100 r 112 Amer Piano_____ 100 East Bos Land (B) Adventure C o n s..25 10c. 40c Penmans, Ltd__ 100 r 158 Preferred______100 9014 Ensley Land Co ./ 115 125 93)4 Ahumada Lead C o .l 10 % 10% Essex St Tr (Bost) / a 65 Preferred_____ 100 r 100 Amer Pneu S erv..25 d 3)5 3)4 Alaska Juneau Gold 1st preferred__ 50 d 48 Factory Big Tr (B) . / a 90 Mining________ 10 INSURANCE Preferred_______50 d 18 1Vs 1% Fifty Associates (B ). u3700 18)4 Algomah _______ 25 10c. STOCKS. 18c. Hotel Tr (Boston) . / a 130 Amer Radiator__ 25 d 111)4 112 Amer Zinc Lead & Kimball Bldg Tr(B)Z Preferred_____100 z,. 127)5 78 Smelting___ 25 Baltimore. 8 Am R y Express. 100 77)5 8)4 Realty Associates of 77 )4 Preferred. ..2 5 Central F i r e . __ 10 28% 27)4 Brooklyn com . . t 360 Amer Repub C o rp .f 65 42)4 375 68 Anaconda Corp__50 41% 41% 1st preferred. 100 Am Rolling M ill..25 d 49)4 94 97 49)4 B oston. Arizona Com’cial_.5 10% 2d preferred. 100 7 % pref (new) .100 108 11% 83 85 108)5 Arcadian Cons__ 25 B o s t o n _____..100 425 IX Texas Pacific Land 1% Bingham M ines.. 10 Colum Nat L ife.100 155 29 160 30 Trust ctfs___ 100 300 360 Bonanza Dev C o . 10 Conveyancers’ 1 1)4 Butte Cop & Z C o . 5 Title_________ 100 5% 6 Butte & Sup_____10 200 12 11% Callahan Zinc-Lead B rooklyn— See N V Co____________ 10 2% 2)4 D ayton. Calumet & Ariz__10 48% 49 Calumet & Hecla.25 L ib e rty _________ 50 100 95 13% 14% Carson Hill G M _1 Reliable_________ 20 64 25c. 67 30c. S tocks. Par Bid. Ask. Stocks. Par Bid. Per share. Detroit. 40 Detroit F & M ..5 0 93 98 Michigan F & M 50 101 102)4 82 Hartford. 77 Aetna (Fire) .100 Automobile Ins _ 100 Hartford Fire ..lOO 100 105 Full paid rets___ a Purchaser also pays accrued dividend, b Assessment paid, d Price per share, not per cent, h Par value #1,000. k Last sale. 1 Par value *10©, t Nominal, r Canadian price, s Sale price. I New stock, u Ex-cash and stock dividend, v Ex-stock dividend, x Ex-dividend, y Ex-rfcaSe, n Without Par value. 4 6 IN D U S T R IA L Stocks. Par. Bid. Ask. Stocks. A N D Par. Bid. M IS C E L L A N E O U S Ask. Per share. Per share. Am Safety Razor.25 d 64 % 64% Brit-Amer Tob ..£ 1 d 25 27 American Screw. 100 Ordinary bearer £1 d 25 95 98 27 Am Seed Mach__ 50 d 30% British Col Fish & Preferred . 100 Packing _ . 100 d 42% 70 43 Amer Shipbldg__ 100 60 British Empire Preferred. 100 89% Steel com . . 100 90 1% 2% 22% Amer Ship & Com1st pref . . . 100 25 m e rce .. . . t d 7% 6% 7% 2d pref. .100 7% AmSmelt & Refg.100 102% 103% Brown Shoe . . 100 115 118 Preferred___ 100 110 % 111 106 110 P referred __ 100 Am Snuff com .100 145 147 Brunswick-BalkePreferred . . 100 99 102 28% Col lender_____ (t) d 28% Am St F’dries.33 1-3 d 37% 38 P referred ___ 100 97 Preferred . . 100 110 % 111 Brunswick Term & American Stores__ t d 86 Ry Secur Co— See Steam RRs 86% 64% 62 Am Sugar Refg. .100 64% Buckeye Pipe L ..5 0 d 60 98% 99 180 Preferred . . 100 Bucyrus com . . 100 177 Am Sumat Tob .100 9 106 9% Preferred___ 100 102 Preferred____100 79% Burden Iron pref. 100 101 105 75% 94% Am Thread pref .. 5 d 3% 4 Burns Bros 7 %pf.l00 91% Am Tire & Rub com . Prior pref'ce. 100 114 117% 5% da: 100 103 40 23% Am Tob stmpd__ 50 d 97% 98 % Class B com stk .t xd 23 Com B stmpd. .50 d 96% 93 97% Burr Add M achine, t d 91 Preferred.100 106 106% Bush Term Co com (t) d 17% 18 ___ ___ Am Type Found. 100 116 % 120 6 % preferred - .100 Preferred___ 100 107% 87 108 7% debenture 100 88 Am Vitrified Prod.50 d 24 24% Bush Terminal 100 Preferred___ 100 s 89% Bldgs pref___ 100 American Wholesale 19% 20 Butterick C o__ 100 C o r p p r e f .__ 100 98 % 100 Caddo Cent O & R . t d % Amer Wind Glass California Cyanide Preferred . . 100 113% 60 Units _________ 70 Amer Wind Glass Calif Pack Corp . f 114 115 Machine___ 100 90 Calif Petrol . . . 25 d 28 28% Preferred___ 100 96 Preferred_____ 100 119% 121 40 Am Wool (Mass) .100 40% Cambria I r o n .. 50 d 39% 40 83% Preferred 100 84 Cambria Steel.. 50 d 90 104% Am Writ’g Paper. 100 Canada Cement. 100 r 104 2% Preferred 100 3% Preferred___ 100 r 112 115% Oertifs of depos. 2 Can Fdys & Forg.100 r 8 1% Anglo-Amer O il..£ l d 23 Preferred _ _ 100 r 40 23% Archer-Daniels 1 Can SS Lines___ 100 r 10% 37 | Preferred_____100 r 45 Mid com __ . t d 36% 45% Preferred___ t a 96 97 1CanadianCar&F. 100 r 39 40 Armour & Co o f Del Preferred_____ 100 r 78 78% Preferred_____100 96 96% Can Con Rubb._100 r ___ Armour & Co (111)— Preferred___ 100 r -----86 Com Class A __ 25 d 22% 23 Canadian Explos.100 100 102 Com Class B __ 25 d 13% 14 Preferred_____100 104 89% Preferred . . 100 90 Can Indus Alch r 15% 15% Armour Leath com 15 d 5% 6 Can Locom otive-100 r -----89 Preferred_____100 90 P referred ___ 100 r ____ 84% Arnold, Constable Can W oollens.. 100 r ____ 9% 10% & C o___________ t d 10 Preferred__ 100 r 52 54 Artloom C o r p __ * d 42 43 Canton Co__ ..100 ___ 7 % pref. temp 100 102 103 Trustees certif.100 230 16 Caracas Sugar 50 d 2 Art Metal Con__ 10 d 15% 3% Arundel Corp___ (t) d 35 35% Carib Syndicate. .25 d 5% 6% Assoc Dry G ’ds Case (J 1) Plow Wks Com new temp. . * d 51% 52 Com. ..( n o par) d ____ 1st pref____ 100 96 99 1st pref. 100 1 ____ 106 2d pref_____.100 107 2d pref . ___ 100 Associated Oil____25 d 38 38% Case (J I) Threshing 43% Associated Simmons Mach com 100 44% ___ Hardware p f..l0 0 Preferred _ . 100 85 86% 85c. Case Lockwood S'Atl Fruit & Sugar. _f d 82c. Atl Gulf & W Ind Brainard C o. .100 250 47% SS Lines______100 48 22 Celluloid C o__ 100 27 50% Preferred___ 100 51% Preferred. 100 70 76 Atlan Lobos Oil__ t d 2 Y2 2 % Central Aguirre 4 Preferred . . 50 d 3 Hi Sugar Cos _ .20 d 82 84 112 60% Atlantic Refin’g.lOG i n CentralC & O ..1 00 63% 114 P referred__ 10C 114 71% Preferred_____ 100 73% Atlas Portl Cem____ 18 17% Central Leather. 100 61% 62% P referred __ 100 Preferred____100 Atlas Pow der.. _f d 49% 51 Central Steel . . . t d 54 55% 90% Preferred_____100 94 Preferred. . 100 105% Atlas T a c k .. . t d 10 % 10% Cent Teresa Sugar 10 d ____ 40c Austin, Nich & C o .f d 23% 24 Preferred . . 10 75c P referred ___ 10C 90 Century Ribbon 91 Auto Knitter Mills com . . _ t d 32 33% Hosiery_______ t d 1 % 2 95 Preferred. _ . 100 96 Autosales Corp__ 5C d 4 5 Cert'n-Teed Prod. . t d 53% 53% Preferred.. . . 5C d 13 16 1st pref____ 100 97% 98 Babcock & WU..10C 143 145 2d pref. 100 90 97 Baldw Loc Wks.lOC 113% 113% Champion Coated Preferred . . ..10C 106 109% P aper.. . . 10C 128 Baltimore Tube.IOC 19 20 Preferred 100 107 Preferred .10C 50 Chandler M otor + d 31% 33 Barnet Leather___ 1 d 38 42 Chapman Valve. 10C 220 Preferred_____10C 96 102% 103 Barnhart Bros & Chesebr’gh M fg 25 d 63 64% ____ Spindier ls tp f 10C Preferred_____100 111 114 Barnsdall Corp Chic June Rvs & Class A _ .25 d 2 1 % 21% U nS tY dstpd 100 138 Class B . . . .25 d 17 97 18 i Preferred. . . 100 98 Bayuk Cigars . t d 39% 40 1Chic PneuTool 100 102 102% 96 7% ls t p f (new) IOC 98% Chic Ry Equip__ 25 d 46 H 48 95 2d conv 8 % p f- 10C | P r e fe r r e d ..__ 25 d 26 26% Bea trice Cream _ . 5C d 61 63 Chic Wilm & Frank Preferred . 10C 103 Coal com. IOC 107 22 25 Beaver Board Co— 85 Preferred . .100 Com v t c Cl A __f d 5% Chic Yellow Cab f d 46 6 49% Com v t c C l B._| d 5% Childs Co com i d 54% 55 6 1st pref v t C..10C 31 34 Preferred__ 100 115% 117% Beech-Nut Pack_.2C d 68% 68% Chrysler Corp_ _(f) d 117% 119 7% pref Cl B_ 10C 114% Preferred (t) d 104 104% Belding Bros & C o .f d 39 39% Cin Tob Wareh 100 18 22 Beth-hem Steel. .10C 42 Cin Un Stk Yds 100 140 41% 7% cum pref _IOC 95% 67% City In vesting ..1 00 150 160 8% conv pref. 10C 112 113 % Preferred____ 100 Billings & Spen__ 25 d 5% 7 Cleve Automobile t d 22% 23% Preferred______ 25 d 12 14 Preferred__ .100 s 96% Bird & Son— Clev & Buff Tr__ 100 n ___ 100 Prior pret_____10C 110 109 Cleve-Cliffs Iron, t d 59 67 Bliss (E W) C o ___ | d 16 17 120 Cleveland Stone. 100 113 Preferred _ _ . .. _5C d 56 Clinehfield Coal 100 29 31 2d preferred__ 1C d 9% ii Preferred . . . 100 100 105 Bloch Bros T ob. 25 d k 33% Cluett, Peabody 100 59 60% Preferred_____100 k 96 Preferred_____100 105 106% Bluenthai (S)— Coca-Cola Co . . _t d 135% 135% Inc 7% pref__ 10C 70 Preferred_____100 102 100 Booth Fisheries__ yd 4% 5 Collins Co . . ..100 170 1st preferred 10C 35 40% Colo Fuel & Iron. 100 42% 43 Botany Cons Mills— P re fe rre d .__ 100 112 100 Class A 5C d 44 45 Colt's Patent Fire Borden Co (new) .50 d 81 84 Arms M f g . __ 25 d 30% 31% Subscription stock 83 80 Colum Carbon. t d 46 48 Prelerred___ 100 108 112 Commercial Invest Borne, Scr.vmser.lOO 220 Trust__________ f xd 61% 240 66 Bost Belting p f .. 100 28 1st preferred 100 103 106% Boston Woven Hose Com Solvents A __ t d 90 95 & Rubber com .100 78 84 Class B________ t d 85 90 99 Preferred__ 100 103 Briggs M fg______(t) d 38% 39 Brill (J G )______100 104 106 Preferred___ 100 Bristol Brass_____25 d 6 8 Stocks. Par. Bid. [ V o l . 121. S T O C K S Ask. Per share. Congoleum C o___ t d 23% 24% Preferred___ 100 100% 102 Congoleum-N airn. . t 24% 24% Conley Tin Foil _t d i Stpd as to liq d iv. d % 45 Consol Car H eat. 100 Cons Cigar Corp t d 37% 38% Preferred__ 100 84 87 50 Cons Coal of St L_ 100 Consol Distrib . t d 4% 5 Cons Ice (Pittsb)-50 d 1 % Preferred . ..5 0 d 13 Consol Textile . _t d 2 % 3 45 Cons Coal of M d. 100 47 Preferred. . 100 76 Consumers Co .100 2 2% 33 34 Preferred _ . ..1 0 0 Cont Baking A t d 138 139 Class B _ f d 37 37% Preferred . _ 100 101 102 Continental Can. t d 77% 77% 115 118 9% Continental M o t .- t d 9% Continental Oil v t c d 24 24% Corn Prod Refg. 25 d 33% 34 Preferred_____100 120 124 Cosg-Meeh Coal . . t d 17 20 Cramp (Wm) & Sons 45 Sh & E Bldg 100 50 Crescent Pipe L ..2 5 d 15% 15% Crex Carpet. .100 49 51 Crock-Wheeler . 100 25 65 Preferred_____lOO 75 Crucible Steel.. 100 70% 71 95% Preferred. . . lOO 96 Cuba Cane Sugar t d 10% 11 Preferred.. . 1O0 46% 47% Cuban-Am Sug . lO d 27 27% Preferred- . . 100 96 97% Cuban Dominican Sugar com ______t d 3% 3% Preferred__ .100 24 27 Cudahy Pack__ 100 99% 100 Cumberl Pipe L.100 148 153 Cushman’s Sons., t 75 80 7% pref______100 101 8% p ref.. ------- 1 d 100 Cuyamel Fruit__ t d 53% 55 D H Holmes L td. 100 240 Dan Boone Woolen Mills. _ _____ 25 d 1 1% Davis C & C ___ 100 70 75 Davison Chem. . t 31% 37 Devoe & Raynolds Inc 1st pref. 100 102 107 Deere & Co pref. 100 105 106% D L & W Coal__ 50 d 123% 125% Det & Clev N av..5 0 92 94% Diamond M atch. lOO 120 120% Dixon (J) Cruc.-lOO 147 150 Dodge Bros com A (f) d 25% 25% Preference (f) d 80% 81 Dominion Bdge.lOO r 86 87% Dom Canners ..1 00 r 109 Preferred 100 r 111 Dom Coal pref. 100 r 40 Dominion Glass. 100 r 108% 109 P referred __ 100 r 113% Dom I & S pref _100 r 26 Donner Steel comlOO 10 1st preferred .lOo 69 72 2d preferred ..10 0 40 Douglas Pectin t d 20% 2 1% Douglas Shoe pref 85 81 Dom St Corp pf.100 r 23 Dow Chem com __ 1 92 Preferred___ 100 100% duPont (E I) de N & Co com _ 100 188% 190 Deben stock .. 100 100 100% Durham Hosiery.50 d 11 15 Preferred_____100 50 65 Eagle Lock_____25 d 105 108 Eastern M f g __ 5 d 3% 4 Preferred.. . 100 35 40 East Roll Mill . t d 117 120 Preferred. 100 121 Eastman Kodak _t d 105% 105% P referred__ 100 112 % Eaton Axle & Sp. t d 17% 18 Edm’s & Jones Cor + d 32 34 99 Eisenlohr (Otto) & B ro__________ 10C 9% 10 Elec Bond & Sh pf— See Pub Util Elec Stor B a t t __ t d 64% 64% Elgin N Watch__ 25 d 74 Elk H Coal C orp.50 d 1 1 % 13 Preferred__ 10C d 21 35 Ely Walker Dry G o o d s .__ __ .25 d 24 1st preferred. 10C 102 2d preferred. 10C 82 81 % Emerson-Brant. _10C 4% 4% P referred __ 10C 19% 20 Endicott-Johnson 5C d 69 69% Preferred . 10C 116 119 Eureka Pipe L 10C 72% 73 Exch Buff Corp . t d 15% Fair (The) C h ic.._ t d 32% 33 Preferred- . 10C 103% 105 Fairbanks C o. 25 d 2 4 1st preferred 10C 6 10 2d preferred 10C 1 3 Fairbanks Morse t d 46 47 Preferred___.10C 108% 110 Fajardo Sugar__ 10C 129 126 Famous PlayersLask.v Corp _t d 107% 107% Rights . 5 d4*4 Preferred__ .100 117 118 Fay & Egan com . 100 59 60 Preferred . 100 79 80 Federal M ot Tr 10 d 33% 34 Federal Sug Refg 100 55 Preferred__ 100 90 5th Ave Bus term t d 15 17 Federated Metals, t d 25 27% FirestoneT & R ub. 10 d 127 6 % preferred. .100 99% 100 7 % preferred .100 99% 100 First National Pictures ls t p f 100 101 101% Fisher Body hew .25 d 82 82% Preferred_____ 100 S tocks. Par. Bid. Ask. Per share. Fish B ’dy Ohiopf _ 100 d 111 I ll % 22% Fisk Rubber com t d 2 2 % 107 1st preferred .100 106% 80 2d pref 7 % .-.1 0 0 96% Fleishmann Co . t d 95% Preferred . _ .100 11 2 % 495 Ford M ot of Canada 485 k 150 Fostoria Glass 100 d Foundation Co . t d 130% 131 38 37 Franklin (H H) Mfg 90 88 Preferred.. 100 F’klin Simon pf . 100 d 104 105 15% Freeport Tex C o. t d 14% 53 55 Galena-Sig Oil .100 112 Pref (old)_____100 106 102 . 101 Pref (new)__ 100 Gardner Motors td 8 8% Gen Am Tank Car j d 45% 46 1st preferred 100 102% 102% 54% 55 Gen Asph com . .100 95 Preferred.. .100 96 d 159 161 Preferred_____ f d 116% 125 90 Gen Cig com . 100 91% 105 112 Preferred___.100 Deb pref__ 100 104 107 General Electric 100 294% 295 Special 6 % stk. 10 d 1 1 % 11% Gen Fireproofing t d Preferred____100 General M otors. . | d 88% 89 Preferred_____100 96% 96% Deb 6 % stock. 100 Deb 7% stock. 100 1 1 2 % 1 1 2 % 52% Gen Petrol. _____ 25 d 52 Preferred100 d 26 26% Gen Ry Signal 100 217 219% 94 99% Preferred_____100 General Refrac t d 44% 46 Gen Tire & T u b ..50 d 275 290 Preferred___ 100 102 Giant Port Cem. 50 d 25 Gillette Safety Raz d 79% 80 Gilliland Oil p f. 100 22 27 Gimbel Bros______ f d 54% 54% Preferred__ 100 104% 105 Ginter Co________ t d 41 41% Glen Alden Coal__ t d 130 132 Glidden C o__ _f d 2 1 % 2 1% Preferred____100 90% 84 Globe-Wernicke .100 85 Preferred .100 100 Godch’x Sug Inc. _ t d 7 10 Preferred . . 100 d 37 44 Gold Dust Corp___ d 43% 44 Goodrich (B F) . t d 56% 56% Preferred___.100 97% 99% Goodyear Tire & 32% Tubber com . 100 33 Preferred.. .100 103% 104 Prior pref__ .100 105% 106 Goodyear T & R of California pref. . 106 Goodyear T & R of Canada pref. 100 r 92% 93 Gorham M fg com (f) d 16 64 Preferred 100 Grasselli Chem. 100 130 131 Preferred_____100 103 Grat cSc Knight pf 100 30 35 84 Gray & D udley.. 100 86 Preferred . . _ 96 98 Gt A & P Tea pf 100 116 117 Gt Lakes Tow __ 100 62 Preferred____100 92 Great Nor Pap. .100 260 270 Great West Sug. 25 d 96% 97 Preferred.. ..1 00 110 % 114% Grnfld Tap&D pflOO 84 88 Grennan Bakeries, t d 18 18% 99 Preferred . . 100 101 d 85 Guantanamo S u g ..t d 4% 5% Preferred . . .100 85% Gulf Oil Corp___ 25 d 75% 76% Gulf States St’l 100 81% 81% 1st preferred.. 100 102 106 Hale & Kilburn. .100 Preferred . . .100 Hall Switch& Sig. 100 4% 5 Preferred__ 100 24 25 d 47 47% Hanna (M A) 1st 45 preferred . . 100 60 Harbauer Co . (t) d 20 21% Harb-Walk R e f.. 100 k 103 P referred ___ 100 10 1% Harris Auto Press(t) d 29 30 Hartman Corp t d 28% 29% Hart, Schaffner & M a r x _____ .100 114% 118 P referred ___ lOO Hawaiian Com & Sugar . . . .25 d 47% 47% Hayes Wheel t d 42 42% Preferred __ 100 102% 104% Hazel-Atlas Glass 25 d k 35 Helme (G W) Co Common______ 25 d 68 68% Preferred . _ 100 Hercules Powder 100 112 116 Preferred100 107 109 Herr-H-MarSafe 100 150 180 fleywood-Wakefield Co . .100 121 124 Preferred.. 100 104 106 Hock Val Prod ..1 0 d Hoe (R) & Co cl A . . 45% 46% Holly Sug C o __ f d 43 44 97 99 Holyoke Wat Po.100 450 Hood R ubber.. . t d 60% 62 Preferred . . 100 100 Hood Rub Pro pf 100 108 Hooven Owens & Rentschler o f 100 80 95 Household Prod, t d 39% 39% Houston Oil ctfs 100 63% 67 Preferred ctfs 100 88 90 Howe Scale pref 100 52 55 Hudson M ot Car. t d 63% 63% Humble Oil & R 25 d 62 63 i a Purchaser also pays accrued dividend. <1Price per share, not per cent, k Last sale. I Par value $100. n Nominal, o Price per cent of vat. riianadian price, s Sale price, t New stock, u Ex-stock div z Assessment paid z.Ex-dividend. y Ex-rights. + Without par. A ug., 1925.] S tocks. Par. IN D U S T R IA L Bid. Ask. S tocks. A N D Par. Bid. M IS C E L L A N E O U S Ask. Per share. Per share. Hupp M otor_____10 d 18k 35 18 k Library Bureau, (t) d 31 Hutch Sug Pltn 25 d 14 Preferred.. 100 106 66 Hydraulic Pr Br.100 8 s y Lig & Myers T ob.25 d 65 k Common B ___ 25 d 65 65 Vs Preferred_____100 94 k 95 Preferred. 100 118 122 Hydraulic Steel__ t d Preferred . .100 64 y 5Vs s y Lima L o c o m _____t d 63 k Lindsay Light____10 1 Illinois B rick .. . (t) d 32 k 33 Preferred. _ . 100 Illinois Pipe L . 100 135 137 6k Lit Brothers.. 10 d 22 Vs Imperial Glass lOO k 72 23 d 30 Vs Imperial Oil new Loew’s Inc_______ t d 31 31 y 31 Imperial Tobacco Loft Inc . . ____t d 7 y 7K 48 Vs o f Canada com 5 d 6 47 y 6 y Long Bell Lum A (t) 87 89 1st preferred. .100 105 of Gt. Brit & Irel’d d 23 k 24 y 2d preferred _ _ 100 n o y 112 Indepen Brew’g__50 d l k 7 y Lord & Taylor. .100 225 P referred _____50 d 5 k 1st preferred-.100 90 Indep Oil & Gas . t d 3i k 95 31Vs 2d preferred 100 105 110 54 Indep Pneum T o o l.f d 50 Indiana Pipe Line 50 d 68 k Lorillard (P )_____25 d 34 34 y 70 Preferred. . .100 112 Indian M otocycle . t d 15 19 116 Louisiana Oil R ef (t) d 15 V, 7% preferred .100 d 87 k i5 y Ludlow Mfg Assn (t) 164 Indian Kef com . _ 10 d 7 Ys 167 8 Ludlum Steel___ t d 33 y 33 y Preferred _ 100 89 85 Lukens Steel.. . 50 d Ingersoll-Rand 100 243 12 246 MacAndrews & Preferred . 100 89 85 Forbes__ __ 100 152 156 Inland Steel. 25 d 41 y 42 Preferred___ 100 100 102 Preferred . . 100 107 y Intercont R u b .. 100 ii y I l k Mackay Cos (See P ublic U tilities) Int Agr Cor com . . t d u y 180 y 14 k Mack Trucks I n c ..t d 180 1st preferred .100 n o Prior pref ctfs _f d 60 100 111 2d preferred-.100 105k Int Business M . _ t d 126k 127 y 106 H Macy (R H )______t d 88 Inter Button Hole 89 Preferred_____100 Sew Machine 10 d 5 116 117 6 Magnolia Petrol-100 1 4 5 y Int Cement C o r p .-t d 67 y 147 63 i 0 4 y Mallison ( H R ) ____t d 2 6 k Pref (7 % )___ 100 103 y 27 Preferred_____100 90 87 Int Cigar Mach 100 73 78 Int Combust Eng. t d 4 4 y 50 44 y Manati Sugar__ 100 51 Preferred. 100 Int Educational 7oy 81 Publishing co m .50 d 15c. 25c. Manhat El Sup___ t d 5i y 52 5 d 27 d 4 27M 110 116 116M 116k Maple Leaf M ill. 100 r 86 Preferred_____100 119 y 121 i Preferred__ .100 r 98 Internat’l Match— ioo y d 50 M 51 y Exploration_____t d 25 Int Mer Marine. 100 8 25y 8k Marland O il.. + d 44 k Preferred____100 30 y 31 45 Inter Nickel_____25 d 3i y 31 k Marlin-Rockwell Corp v t c__ . t d 22 y Preferred_____100 23 08 Vs 98 k Inter Paper__ 100 63 21 y 63 k Martin-Parry C o r.t d 21 Mason Tire ac R __ t d 2 k 6% preferred.. 100 77 3y 76 P re fe rre d -__ 100 17 87 Pref stamped-100 86 20 24 Ys Mathi’son Alkali.50 d 75 Internat Petrol____t d 24 k 78 P re fe rr e d .__ 100 100 Inter S a l t . _____100 7 iy 73k Maxwell-Mot A . 100 Internat Shoe_____t d 175 187 Certifs deposit. 118 P re fe rre d -__ 100 ii9 y 116H 116 k Class B (no par). . Inter Silver_____100 170 Certifs deposit. d 117k Preferred _____ 100 109 106 nsy M ay (The) Dept Int Text B ook. . 100 44 40 Stores Co com . .50 d 118 Intertype Corp____t d 21 24 119 Preferred- ._ 100 120 Iron Prod Corp. . . t 78 y 125 70 McCall Corp___ 100 Preferred__ 100 95 1st preferred ..100 118 J R Montgomery 100 122 95 McCrory Stores__ t d 90 Preferred__ 100 105 110 95 Non vot cm cl B . f d 92 y Jewel T e a _____100 17 i6 y 93Vs Pref with war. 100 Preferred . . -.100 105 110 Without warr.100 106k 109 y Johns-Manv, Inc _t d 170 175 d 50 60 M engelCo______100 Sc M etal______100 68 80 69 60 Jones Bros Tea. .100 150 19 ys 19k Merc Stores.. ..1 00 d 145 Merg Linotype. . 100 Jones & Laughlin 194 196 Merrimac Chem. .50 d 81 Steel 7% pref. 100 U 4 y 116 84 Jordan Motor C a r.t d 30 y 39 k Metro-Gold Piet pref d 20 y 20Vs Mex Eagle Oil_____5 d 4 k Juncos Cent Sug.100 105 5y 120 Mex Seaboard Oil__t d 12 y K C Stk Yds o f M e .. 98 i3 y Michigan Sugar. .10 Preferred. . . 100 d 78 80 6 6Vs P referred____100 Kanawha & Hock 8 Mid-Cont Pet__ (t) d 30 y Coal & C o k e .. 100 7 3oy 3 7% preferred..100 Preferred- . . 100 92 40 55 92 k Kans & Gulf Co .10 d k 2Vs Vs Mid States Oil__ 10 d 2 Midland Steel Kayser (Jul) & C o .t d 30 k 31 Products pref. 100 126 k 1st preferred__ t d 93 95 127 Midvale C o_______ t d 20 Keith (Geo E) Co— 22 y 1st preferred-.100 9 4 y Miller Rubber__ 100 93 175 185 Preferred- -.100 104 Kelly-Springf Tire 25 d 1 7 k is y vny Mohawk Rubb.-lOO 6% cum pref .100 56 66 27 33 Preferred ..1 00 8% 2d pref .100 67 61 70 75 Moline Plow 1st Kelsey Wheel .100 87 90 pref__ _______ 100 P re fe rr e d .__ 100 108 112 Montgomery Ward Kendall Mfg__ ._ t d Co common. t d 67 k Preferred- . .100 67 y Preferred . . . 100 Kentucky Wag .100 115 y Class A . . . . . t!d 116 Keyst Tire & R __ 10 d 2 y 117 2k Kinney (G R) . . - i d 81 8 2 y Moon M otor Car__t d 3?, y 32y Preferred. . 100 108 Vs Morris (Philip)__ 10 d i9 y 98 20 Morse Twist Drill Kirby Lumber. 100 105 125 & Machinery— 50 d Knight (B B & R) pf 2 1 85 Kresge Dept Stores t d 36 3i y 36 y M ot Wheel C orp.(t) d 31 y Mountain Prod__ 10 d 21 Preferred . 100 97 21 y 90 k Mullins Body— - + d 12 Kresge (S S) C o . 100 480 495 17 Preferred_____100 Preferred. . 100 113 8i y 84 114 Munsingwear I n c .-t d 33 Kress (S H) & Co 100 350 480 35 Murray Body ._ -_t d 31 Preferred. . .100 117 32 Kupp’h’mer (B )__ 5 25 y Nash Motor (no par) d 405 415 23 k Pref Class A . .100 105 Preferred__ 100 98 k 105 H Nat Acme stpd__ 50 d. x y Laclede Steel------100 130 135 9 Vs Nat B i s c u i t ..__ 25 d 7 0 y Lake Sup C o rp .. 100 71 3k 4 Preferred. 100 125 Lake of the Woods 128 Nat Candy . 100 M illin g ... 100 r 9oy 183 y9 y 1st preferred. .100 l o s y Preferred.100 r 125 2d preferred..100 106 Landers, Erary & 106 y Nat Cloak & Suit 100 Clark __ .25 dx 83 k 85 68 70 Preferred. . lOO 101 Lanst Monotype 100 102 84 Vs 84 M Nat Dairy Prod----1 d 56 y Larrowe Milling__ t d 80 56 Vs Nat Dept Stores----1 d 41 Preferred _ .100 105 y 42 1st preferred-.100 Laurentide Co . _ 100 r 80 k 81 97 97 Vs Nat D'ist Prod_ _ (t) Lee Rub & Tire . . t d 16 d 34V. 16 y 35 Preferred .( t ) d 67 y Leh Coal & N av_.50 d 99 io o y 68 y Nat Enam Sc Stpg 100 Lehigh Val Coal 32 32 V Preferred.. 100 Sales . . ..5 0 d 79 85 88 81 Nat Fire-Proofing 50 d Leh & W-B C o a l..50 d 14k Preferred- . . 5 0 d 34 Libbey-Owens Nat Fuel Gas . . Sheet Glass. ..2 5 d 200 114 118 205 National Lead. .100 151 Preferred.. . 100 114 152 y Preferred . . . . 100 1 1 6 y Libby, McNeil & 118 L i b b y . _____ 10 d TVs 5 TVs National Leather. 10 d 4 Vs Nat Ref c o m . _25 d 39 40 Preferred. . .100 128 Nat Sugar Refg.100 103 y 104 y S tocks. Par. Bid. S T O C K S Ask Stocks. a Purchaser also pays accrued div. 6 Assessment paid, d Price per share, not per cent, k Last sale. I Par value $100. adian price, s Sale price, t New stock, u Ex-cash and stock div. v Ex-stock div. w Ex-200 % stk div. x Ex-div. y Ex-rights, Par. Bid. Ask. Per share. Per share. Nat Supply Co__ 50 d 58 y 59 k Proc & Gamble__ 20 dx119 k 119k Preferred_____100 d 107 110 Preferred . . _ _ 100 163 110 Nat Tea com ___ t d 345 350 6% preferred. .100 109 k Nat’l Transit. 12.50 d 21 y 17k 2 1 k Prod & R ef Corp_50 d 17 Preferred _ . .50 d 34 36 Natomas Co of Cal Pullman C o. _ 100 137 preferred ___ 100 4 138 2 Punta Alegre Sug.50 d 34 Vs New Departure 34 k Mfg pref. 100 105 Pure Oil C o ._ .25 d 27 k 28 87 New England Spun 6% preferred.. 100 86 k Silk pref___ lOo 107 110 108 8% preferred.. 100 106k N J Z i n c . . ___ 100 114 192 Quaker Oats___ (t) d 111 190 N J Worsted Mills 108 P re fe rr e d -__ 100 106 d 52 k 53 101 New Mexico & 50 Preferred . . 50 48 k Arizona Land__ 1 d 7 127 7 k Ry Steel-Spring. 100 125 k New Niquero SuglOO 85 90 Preferred__ .100 118 119 N Y Air Brake___ f d 45 y 49 Reece Button-Hole Class A stock__ f d 54 Machine 10 d 1 6 k 56 16k N Y Canners I n c .-t d 48 y 49 Reece Fold M ach. 10 d 2k ____ 7 % cum pref. . 100 d 96 y 99 Regal Shoe pref____ 72 N Y Dock. ...1 0 0 26 27 Reis (Robt) & C o ..| d 24 24 k P referred ___ 100 1st preferred .100 94 65 67 96 Remington Noiseless N Y Shipbldg_____t d 23 27 N Y Steam See Pub49 Typewriter . _. t d 47 k lie Utilities— 109 Preferred- ..1 00 107 53 N Y Transit____100 55 Remington Typ.100 d 80 81k Nicholson F ile.. 100 183 186 1st preferred 100 105 110 Niles-Bem’t-P ’d-100 42 1st pf Ser S__ 100 101 38 Preferred _ . 100 62 68 2d preferred. 100 105 110 Nor & W Stboat.100 258 Reo M otor Car __l6 d 22 k 265 22 k North & Judd___ 25 d 40 42 Replogle Steel . t d 14k 14k Northern Pipe L.IOO 82 Repub I & Steel. 100 47 83 47 k Nova Scotia St & C ’l r Preferred____100 90 90 k Nunnally C o___ __ t d 9 k Reynolds Spring__ t d 9 10 9k __ Reynolds T ob ___ 25 d 136 Ogilvie FI Mills newt r 145 Preferred____100 r 125 B c o m m o n ____25 d 81 Vs 81k __ Ohio Body Sc B1__ t d Preferred__ __ 100 12 0k 121 Ohio Brass pref. .100 98 k Rich & Boynton Class B ________ + d 78 Par tic pref. . _t d s 38 78 k Ohio OH. . . . ...2 5 d 63 y 23 26 64 k d 35k 36 114 118 Preferred _ 100 103 104 Rocky M t Fuel. .100 2k 5 Ontario Stl Prod__ r 60 62 Preferred. . . 100 3k 7k 130 93 99 140 Onyx Hosiery. _ _t d 29 y Rome M fg____.100 34 100 Preferred_____100 142 83 87 k Royal Bak Pow.100 140 Preferred__ 100 101 Oppenheim Collins, t dx 43 y 44 103 Orpheum Circuit. .1 d 32 32 k Royal Dutch Co N Y d 5i k 51k Preferred_____1O0 102 12 14 103 k Saco-Lowell Shops. 1 Otis Elevator___ 50 d 130 y Preferred100 41 131 Preferred_____ lOo 112 2d preferred. .100 23 25 108 Otis S te e l______ t d 13 117 13 k Safety Car H & L I00 115 ist preferred. _100 St L Car Co pf._100 80 82 Owens Bottle___ 25 d 54 y 56 54 k St L Cot Comp . . 100 Preferred___ 100 St L Nat Stk Y . . 100 112 85 89 Oxford Paper pfd 100 101 St L Rocky M t & 103 Pacific Coast C o. 100 Pacific C o____100 21 24 19k 23 y 60 1st preferred ..100 Preferred_____100 65 75 48 k 2d preferred ..1 00 St Regis Pap, com .t ds 78 Vs s 8 3 k 44 4i y 99 Pacific MaU SS___ 5 d lOVs Preferred_____100 101 11 Pacific OU ______t d 55 Vs 55 k Salt Creek Cons Oil. d 7 k 7k Packard M otor__ 10 34y 34 k Salt Creek P rod. .10 d 25 26 k Preferred_____100 1 4 111k San Cecil Sug pf.lOO 110k Paige-DetroitMot (t) d 2 0 y 57 k 57 k 20 k Savage Arms____100 Pairpont C orp .. 100 160 Sav Riv Lum pf.lOO 4 3 Pan Am Petrol & Savan’h Sug c o m .-t d 125 130 1 O Q d 70 y 112 71 Com Class B ...5 0 d 70 k 70 k Schulte Retad S t._ f d 108 k 108k Panhandle P & R . . t d Preferred.. _ 1O0 113k 114 3k Preferred___.100 . 100 230 235 49 54 k Scovill Mfg Paragon Refg___ 25 d o y 14 9 k Seagrave Corp____t d 13 k Preferred. . ..100 Sears, Roebuck & 72 y Co common__ 100 Parish & Bing stpd .t d 188 192 iy lk Parke, Davis C o ..25 d 98 y 27 98 k Seiberling Rubb__ t d 25 Park Sc Tilford I n c .f d 2 8 y P referred __ 100 29 100 101 Peck, Stow Sc WUc 25 d 29 Shaff O & R p f. .100 30 Peerless Trk & M .50 d 24 k 2 4 k Sharon Steel Hp__50 d Penick Sc Ford___ t d 22 k Shattuck (Frank G) t d 74 23 74 k Preferred_____100 Shell Transp & Tr £2 d 41 k 42 103 Penn Coal & Coke 50 d 13 Shell Union On___ t d 23 k 23 k 14k Penn Salt M fg__ 56 d 70 Preferred- . 100 102 103 71 Penn Seab Steel__ t d 1 Ys 41k l k Sherw-Williams ..2 5 d 40 k Penn Traffic____2 k d Preferred. 100 106 k 107 Penn-Mex Fuel__ 25 d 2 6 k Sher-Wms Can. .100 r 125 128 28 Penney (J C) pf_100 Preferred__ .100 r 108 k Phelps-Dodge__ 100 Shredded W heat. 100 r 146 105 110 Phila lnsul Wire__ t d 48 Simmons C o__ _t d 44 k 45 Phil & Read C & I.+ d 39 k Preferred_____100 102 106 40 k Ctfs of int (w i). . f 23 39k 40 k Simms Petrol C o . 10 d 2 2 k Phillip-Jones C orp .f d 60 Sinclair Cons O il_.t d 2 0 k 21 63 Preferred 100 Preferred____1O0 92 90 81 91k PhUlips Petrol_____t 280 42 k Singer M fg . 100 275 42 k Phoenix Hosiery__ 5 d 37 9 37 k Singer M fg Ltd___£1 d 8 Preferred_____100 SkeUyOn___ _ .25 d 25 94 96 25 k Pierce-Arrow Mot Sloss-Sheff S & 1 .100 100k 102 Car Corp______t d P r e fe rr e d .__ 100 96 98 31 30 k Preferred_____100 80 k 80 k Smyth M fg C o .. 100 300 Prior pref. . t d 150 Solar Refining ..1 0 0 221 224 170 Pierce Oil Corp__ 25 d Sonora Phon pfd . 100 30 34 Ik 2 Preferred . . 100 94 97 30 35 k Southeast Exp. .100 Southern Pipe L.100 Pierce Petrol_____t d 6 81 81 k 6k Pigg Wigg Corp— f d 42 South Penn Oil__100 168k 170 48 Prelerred_____100 So Porto RicoSuglOO 71 Vs 80 90 74k Preferred . .100 101k Pittsb Brewing__ 50 d 2Vs 3 104k P referred _____50 d 10 65 68 1 0 k S'west Pa P L __ 100 Pitts Coal (P a ).. 100 Spalding (AG) & Bro 44 45 Preferred_____100 1st preferred.. 100 97 85 k 87 100k Pittsb On & Gas___5 ds 6 k s 6 k Spanish River Pulp Pittsb PI Glass. .100 250 & Paper M __ 100 r 103 k 104 Pittsb Steel pref. lOo Preferred___.100 r 113M 114 98 k 97 k Pittsb Term CoallOO 21 36 k 3 8 k Spear & Co. tem p_.t d 19 Preferred. 1O0 Pref temp___ 100 87 88 k 85 83 k Plimpton Mfg Co 100 100 Spicer M fg C o___ t d 3 1 k 31 k Porto Ric A Tob.lOO Preferred _ 1O0 104k 48 59 105k Postum Cereal____f d 118k Stafford Co pref. 100 122 Standard M iiling 100 d 73 k Preferred___ 100 75 Power Corp com __ t ds 78Vs s 84 k Preferred__ .100 84 86 Rights . ds 3 k s 57 k 4 k Stand Oil (Cal)__ 25 d 57 Stand Oil (In d)___25 Preferred___ 100 d 63 k 63k Prairie Oil Sc Gas .25 d 55 k 34 55 k Stand Oil (K a n )..25 d 33 k Stand Oil (K y )__ 25 d 124 Prairie Pipe L __ 100 125 124k 124k Stand Oil (Neb) .100 246 Pratt & Whit pf.lOO 248 60 Stand Oil of N J ..2 5 d 42 k Pressed Steel Car 100 51 42k 49 k Preferred. 100 Preferred_____100 117 116k 79 76 k Stand Oil of N Y . .25 d 42 k 42k Stand Oil (Ohio). 100 353 355 Preferred.. ..1 00 115k 118 Stand Plate Glass. _t d 7 k 7k Preferred. _ 100 55 Prior pref ..1 00 75 Stand Sanit M fg. .25 d sl05k s 106k Preferred- . _100 115 Standard Screw. 100 108 112 Preferred A ..100 101 Stand Tank Car pref 35 40 Stan Text Prod .100 22 28 Preferred A __ 100 Preferred B __ 100 r 33 ---- - n Nominal, r Can par value. t Without 4 8 IN D U S T . S tocks. Par. Bid. Ask. A N D Stocks. Par. M IS C E L . Bid. Ask. S T O C K S — M U N T C . Stocks. Par. Bid. B O N D fc Ask. Stocks. Per share. Per share. 45 k 110 On B & P Corp.-lOO 45 M U S Stamping__ 100 XJn Carb & Carbon, t d 67 67 M U S Steel Corp 100 U7M 117M P referred ___ 100 Union Oil of Calif__ 124 M 125 37 36M Un Oil Associates.25 d 36 M U S Tobacco___ t d 54 56 M Un St Yds So OmlOO 116 Preferred . 100 109 M H IM Union Tank Car. 100 124 128 Univ Leaf T ob. 100 44 46 92 96 P re fe rre d -__ 100 P referred __ 100 116M 117 United Alloy Steel, t d 28M 33 M 28M Univ Pipe & Rad . t d 33 United Cigar Stores Preferred_____100 76 V5M of America___ 25 d 79M 80 2.80 Utah-Idaho Sugar.6 d 2.60 Vacuum Oil______25 d 87 M Preferred___.100 87 M 117M 119 128 United Drug___ 100 129 Vanadium Corp _t X 29 M 30 M First preferred .50 d 54 M Van Camp Pkg com d 18 22 55 11 United Dyewood.100 20 25 Preferred____50 d 21 60 Preferred_____100 70 Vandalia Coal ..100 Un Eng & F d y ..100 Preferred.. .100 ___ Preferred____100 Van Raalte Co . _t d 20 20 H United Fruit____100 224 227 69 65 1st preferred-.1 00 Unit Paper BoardlOO 18M 19M Ventura Con Oil 22 Preferred - .100 64 Fields________ 5 d 21 M 75 United Retail Stores Victor Talk M ..1 0 0 75 77 __ Class A . . - 1 d ____ Victory Park Land— Untd Sh Mach Cor25 d 41 d 4 41 Vs 4M Preferred______ 25 d 28 28 M Va-Caro Chem _ t d 4 4M 4 30 U S B obb& Shut. 100 Ctfs of d e p __ __ 35 1M 2 Preferred_____ 100 100 Non-vot cl B . t d i n U S Can com_____t d 56 Ctfs of dep___ 5V M ___ Preferred.. -.100 14 Preferred_____ 100 106 13 M 14 U S Cast IP&FdylOO d 150M 152 8 Ctfs of dep 99 33 31 101 75 U S D istrib.. - t d 33M Preferred_____100 67 34 135 Preferred___.100 150 V Vivaudou Inc . . 15 146 U S Envelope__ 100 New temp ctfs. 10 d 14 M 151 107 10 Preferred_____ 100 Vulcan Detin’g__100 6 109 ___ U S Express. -.100 Com class A . .100 4 3M 4M U S Finishing__ 100 85 Preferred___ 100 77 80 85 ___ Preferred_____ 100 40 7% pref cl A ..1 0 0 85M 90M 15 U S Food P rod ..100 Waldorf System__ t d 14M U S Glass_______ 25 d ____ Waltham Watch & 14 Clock cl B ___ f d 15M U S Gypsum_____20 d 177 180 17M 86 Preferred_____ 100 Prior pref ____ 100 83 115 116M U S Hoffman MaPreferred_____100 37 chinery__ __ t d 38 M Walworth M fg__ 20 d 25 M 39 25M U S Ind Alcohol .100 87 M 88M Ward Baking Corp: Com Class A ___ f d 155 158 111 Preferred____1U0 115 Com Class B ___ t d 70 U S Playing Card .20 d 117M 119 70 M U S Print & Litho— P referred___ 100 105 105 M Common_____ 100 48 M 68 M Warren Bros____(t) d 48 67 M ____ Preferred _ -.100 97 1st preferred__ 50 d 41 M U S Radiator____100 Warwick 1 & St 10 d 160 170 5M Preferred_____100 102 Wash Crosby pf.100 109 112 105 ____ Washburn Wire.100 U S Realty & Imp .100 136 M 137 117 ____ . Preferred_____100 7 % preferred. .100 115 U S Rubber_____100 56 40 56 M Washington Oil._10 d 35 1st preferred.. 100 103 103 M Wash Market___ 50 d 53 55 U SSm Ref & M in.50 d 37M 58 38 M Weber & Heilbr. t d 57 M Preferred_____50 46 46 M Wells Fargo & C o__l d 3M 4M 6 Asse^nnent paid, d Price per share, not per cent, it Last sale, n Nominal, r Canadian price, s Sale stock dividend, v Ex-stock dividend, z Ex-dividend, y Ex-rights, t Without par value. Per share. 85 Stanley Works __25 d 83 28 Preferred-. - . 2 5 d 27 86 Steel Co of Can 100 r 85 M 112 Preferred- - 100 r 70 Sterling Products- t d 69 M Stern Bros, Cl A _(t) d 92 Stetson (J B )____. t d 90 36 Preferred______ 25 d 33 Stew-Warn Speed - _ t d 66 M 66 Vs 93 Stromberg-Carls 25 d (1 68 Stromberg Carb - - t d 67 M Studebaker Corp _t d 47 M 47 M Preferred____100 118 119M 8 Stutz Motor Car t d 7 M Submarine Boat__ t d 9M 9M Sugar Estates 75 Oriente pref .100 4 Superior Oil _ .t d 3M With warrants- 52 Sullivan M ach’y 50 d 50 22 26 Superior Steel - 100 Swan & Finch____25 d 16 16M 7M 8M 112 M Swift & C o_____100 112 Swift lnternat’1..1 5 ds 25 % s 26M 20 10 Swinehart T & R .100 40 Preferred__ .100 Symington C o------- 1 d 14 M 15M 21 Class A _ t d 20 M d 11 M 12M Texas C om pan y,.25 d 50 M 50 M Tex Pac Coal&Oil.lO d 13 13M Texas Gulf Sulph.10 d 108 108 M 165 Textile Banking. 100 158 Thompson-Starret t d 100 110 105 Preferred 100 d 101 33 Tide Water Oil. . . t d 32 8M Timken-Det Axle 10 d 8 Preferred .100 92 M 43 Timken Roll B ear.) d 42 M Tobacco Prod__ 100 88 88 M Class A . . . ..100 xd101M 102 58 Torrington C o ___25 a 57 Transcont’l Oil __t d 4% 4M Transue & Williams 29 Steel Forging__ t d 26 M 10 Troy Fdy & M ach.25 d 10 Preferred- , 100 15 Trumbull Steel- .25 d 13M Preferred___ 100 79 85 22 Truscon Steel. - 10 d Preferred _ . _ .10 d Underw’d Typew.25 d 49 49 M Preferred_____100 d 115 120 M [ V o l. 121 Par. Ask. Bid. Welsb’ch Co ComlOO Western Elec pf 100 Westing Air Br’ke.50 d West’hse El & M f.50 d 1st preferred ..5 0 d Weston El Instru.-t d Class A . .. f d Westmor’d Coal 50 d W Va Pulp & P ap. t d Preferred Wheeling Mold & Fdy com _____ + Preferred_____ 100 W heel Steel Corp .100 Preferred A . 100 Preferred B .100 White Eagle Oil & Refining______ t d White Motor 50 d White Rk Min Spgs t d Whitman (Wm), pf. W ickwir e-Spencer d Trust certif . t d 1st preferred 100 Willys-Overland .25 d Preferred_____ 100 Wilson & Co_____t d Preferred_____ 100 Per share. 45 114 114M 105 108 72 72 M 86 85 M 15 14M 23 M 23 M 42 43 45 40 101 98 k k k k k 5 29M 35 95 M 107 27 87 M 44 89 27 M 87 M 44 Vs 91 3M 4 ____ 19 104 6M 21 5M 18 M 103 M 6 20 5 Winch-Simmons Co 15 Common_____ 100 45 35 Preferred___ 100 20 10 Winchester Co 100 32 27 1st preferred 100 20 16 2d preferred -.100 Woods M fg. -.100 r 31 69 Preferred____100 r 80 77 Woodward Iron. 100 86 88 Preferred . .100 Woolw’th (F W )-.2 5 d 165 M 166 Worthington Pump 41 & M ach______100 40 M 82 75 Preferred A _100 68 Preferred B __ 100 64 M 28M Wright Aeron_____t d 27 H Wrigley (Wm) Jr _f d 51 51M Wurlitzer (Rudolph) d ___ 7% preferred-100 107 s 106M 8% preferred-100 70 Yale & T o w n e __ 25 d 69 M 43 Yellow Cab M fg .. 10 d 42 130 Young (J S) C o. .100 125 110 105 Preferred __ 100 Youngstown Sheet 74 & T u b e ______t d 73 — 107 Preferred__ 1O0 price. (N ew stock u Ex-cash and U N ITE D S T A T E S A N D M U N IC IP A L BONDS In State and municipal bonds the custom has always been to quote them “ and Interest." That Is, the accrued interest must in all cases be added on. There are a very few which form exceptions to the rule— that Is, where the prices given are flat prices, the accrued interest having been taken into account in making them. These are indicated by a special mark, thus (/). The figures in the column “ To Net" indicate the basis on which the securities sell or the interest rate which the securities, if held to maturity, will net to the purchaser at the present market price. B onds. Bid. To Ask. Net. B onds. Bid. To Ask. Net. M obile Co 5s ref 1928--.M&S 4.40 UNITED STATES— Se e also page 1 3. 5s Road Feb 1932_____F&A 4.50 2s Pan Can Nov 1938____Q-F 100M 101M __ 4.55 5s N ov 1 1947_______ M&N 3s Panama Canal 1961----Q-M 96 96M 4s O H & Jail 1926_____J&J 4.15 96 M __ 96 3s Conversions 1946-47__ Q-J Montgomery— 6s 1951--1J&J 4.70 b 3.2C 3% U S Ctfs of indebtedness 4.50 5s Funding 1940______ J&J b 3.8C 3.40% __ U S Treasury notes _ . 5s N ov 1 1950-______ M&N 4.50 Instrumentalities o f U S Gov t— 4H s Water 1928______A&O 4.40 Federal Land Bank— Farm 4 Ms Sch W W & Sew ’44 J&J 4.45 Loan Bonds— __ M ontgom'y Co— 5s ’3 5 --A&O 4.55 4Ms 1937 opt 1922.M&N 100 M 101 __ Selma 5s 1927 opt 1910--M&N 4.75 4Ms 1938 opt 1923-M&N 100 Vs 101 4.80 5s 1941 opt 1931--.M & N 103 M 103 Vs __ Sumter Co 5s 1950__ __F&A 4M s 1942 opt 1932-M &N 101M 101M __ Troy 6s Imp 1935______J&J __ 101M 5.80 Opt any int date at 101M 4Ms 1943 op 1933___ J&J 101M 102 __ A R IZO N A 4M s ’ 53 op ’3 3 ___ J&J 101M 102 4.40 4Ms 1955 op 1935— J&J 102 M 102M __ 4M sref Apr ’38 op '28--J&J15 4Ms 1955 opt 1935— J&J 102M 102 M __ Maricopa County S D No __ 5s March 1933________ Mar 4 65 4Ms ’39 op ’24. - M&N 10CM 101 4.75 6s Highway ’47-’51--J& J 15 4Ms 1953 opt 1933__ J&J 103 103M __ 4.50 4Ms 1954 opt 1934— J&J 103 M 103M __ Phoenix— 4Ms ’50 op ’30-J&J 6s Jan 1 1946_________ J&J 4.60 Fed’l Intermediate Cred Bks 4.50 5s School March 1933 4 Ms Feb 1 1926____F&A b 4% 3.50% __ 5s Jan 1 1954 opt 1934--J&J 4.50 4 Ms Apr 15 1926________ b 4% 3.50% __ 4.50 5s W W 1926-1950____J&J 4Ms June 16 ’26-J&D16 b 4% 3.60% __ 4.80 4Ms Feb 1 1927___ F&A b 4% 3.60% __ Prescott— 5s 1948_______ J&J 4.75 4 Ms Oct 15 ’27 ..A & 015 b 4% 3.75% __ Tucson— 5s Water 1950--J&J 4.50 4Ms W Mar 10 ’38-.M&S10 TE RR ITO R IE S AND U. S. POSS ESSIO NS ARKANSAS Hawaii, Territory of— Hot Springs 4Ms ’27-’50 M&S 6 4.10 to 4.35 % 4Ms Sept 15 1949..M &S15 64.lO t 0 4.35 Little Rock 4 Ms ’26-’30 M&N 4.05 4Ms Jan. 1945— 102M 104 4.10 4Ms Fund 1931-50__ M&N 4s M ay 1 5 ’46 o p ’36. M&N 6 4.10 4.35% __ 4Ms Fund 1941-’50-_M&N 6 4.10 to 4.25 % 4s Aug 1947 opt 1937 F&A 6 4.10 4.35% __ 5.40 Philip Isl 5 Ms Sept 1950 Q-M 102 M 103 M __ St Francis Lev D 6s ’4 7 --J&J __ 5.30 5Ms 1945-1964_______ J&J 5s Apr 1 1 9 5 5 - . - ____A&O 103 M 105 5.30 5Ms 1950-1969_______ J&J 4Ms July 1 & 15 1952.-J&J 99 M 100 M __ 5s 1949 opt 1929______ J&J 5.20 99 4Ms 1950_________________ 100M __ __ CALIFORNIA 96 95 4s g L Pur ’34 opt ’ 14..Q -F __ 5K s Highway ’27-37---J& J 3 4.15 95 4s P Wks & Imp 1935..Q-M 96 __ 4 Ms Univ Bldg Jan5’26-65J&J 6 4.10 to 4.25 % 95 96 4s Impt 1936 opt ’ 16--F&A _____ 4.20 4Ms Highway 1936-48--J&J 3 b 4.10 to 4.25 % Porto Rico 4Ms ’31-’34. J&J ____ 4.25 4s Harb Imp 1985 op ’ 5 0 --J&J 4.15 4Ms 1937-1940________ J&J . 4.20 4s Highw July 3 ’26-’26-_J&J b 4.05 to 4.15 % 4s Jan 1 1944-1950_____J&J Alameda— 4s ’25 to ’41--J& D b 4.50 to 4.60 3 4s gold 1926-1960..........J&J 6 4% t 0 4 20 % 4Ms Mun Imp ’26-’48-A & 0 b 4.50 to 4.60 % 4s Road 1927-1930_____J&J 64 05 t 0 4.15 % ___ 4.50 4.30 Bakersvield 5s 1925-52--A&O 5s July 1954----- . ____ 4.35 Berkley 5s 1942-1951____J&J ALABAMA 4.35 4.20 5s School 1926-1955---J&J Imperial Irrig Dist 6s ’38 -J&J 103 106M 4.15% 4Ms Road 1925-1931________ 6 4 4_.40 4.15 Los Ang— 4Ms 1926-51--J&D 4s Water 1925 to ’4 5 --M&N 4.40 4.15 3Ms Water '25 to ’4 1 --A & 0 4.40 4.50 4Ms Sch 1926 to ’44--J& D 4.40 5Ms "1926-1935______ M&S2 6 4% t 0 4.40 % „ 4.40 4.40 4Ms 1925-1963_______ A&O 4.40 4.35 5s Munic 1926-'61_____F&A 4.40 4.50 5Ms Harb Imp ’25-’61 M&N 5s Fund Sept 20 1941 M&S 4.30 Los A C S D 5Ms '25-34 M&N 4.50 4 Ms School 1928-30 A&O 4.35 5Ms N ov 1935-60____M&N b 4.50 to 4.60 % 4Ms School 1931-’3 4 -.A & 0 4% to 4.30 5s 1925-’64__________ F&A 4.35 4Ms School 1942-’48 A&O 4.30 4.50 Los Ang Co 4Ms ’26-’4 9 --F&A 4.40 4Ms July 1 1931 __ J&J 4.45 Oakland— 5 Mis ’25-’43--F& A 4 Ms Mun Imp ’25-’43-F&A 4.30 4.45 4% to 4.10 4.30 Mobile 5s School 1943.. J&D 4Ms 1926-1929-..........F&A 4.30 4 Ms 1930-1965_______ F&A b 4.15 to 4.20 %„ 4.30 5s Dock N ov 1 1947 M&N 4.30 Oakland S D 4s ’26-’44--J&J 4.30 4.30 Orange Co 5s 1926-45__ M&S 4.25 Pasadena— 4s Jan ’26-’42 J&J 4.30 4Ms Water & Sewer ’39. J&J 430 4.251 4Ms W at Pl’t ’25 -'36--A & 0 6 Basis, f Flat price, n Nominal. * Tax-free in Connecticut. B onds. Bid. To Ask. Net. Redlands— 5s- 1926-51-.J&J15 4.35 4 .3 5 Riverside 5s 1926-53____J&D Riverside Co 5s ’26-’54--M&N 4.35 Sacramento 4s Jan ’26-’45 opt 4.30 4Ms Sew & Dr ’27-’34--J&J 4.30 Sacram’ to Co 4 Ms '26-46 J&D b 4.45 to 4.65 % San Diego 5s WW ’26-’54 A&O 4.40 5s Water 1934-53_____F&A 4.40 5s Water 1926-63______ J&J 6 4% to 4.20 4Ms Wh & Har ’26-’52.J&J 4.35 5s Munic 1926-1960---J&J 4.35 5s School 1931-1966_______ 4.35 4Ms Water 1926-29____J&J 4.35 4 Ms Water 1930-1964_____ 4.35 3Ms g July 1 ’26-’44.-J& J 4.35 San Francisco (City & County) 5s Water 1930-69______ J&J 4.15 4Ms Water '57, ’58, '59-J&J 4.25 San Joaquin Co 5s ’26-’49 J&J b 4.45 to 4.65 % San Mateo Co 5s ’26-’42-_J&J b 4.45 to 4.65 % Santa Barbara 5s 26-41 Jan 10 b 4.45 to 4.65 % 4 Ms gold Aug 1943____F&A b 4 .4 0 to 4.60 % CANADA — See page 49. COLORADO Colo Spgs 4s ’29 op '1 4 --M&S 98 4s Ref Water Mar 1 1941__ 99 4Ms 1930-’39_________ J&J 6 4.05 to 4.15 % " Delta Co 5s ref '30 op ’20 J&D 100 Denver 5s Aug 15 ’2 8 --F&A 15 101M 102 M Denver (City and County)— 5 Ms Gen Oblig 1964-73-J&J 4.10 4Ms Water N ov '48--M & N 4.10 4Ms Water 1944______ J&J 4.05 5 D No 1 4 Ms ’34-’53_-J&J 4.05 99 PuebloCo4Hsref '31 op ’21J&J 100 Pueblo Co S D No 20— ______ 4Ms 1932____________M&S 100 M 101M CONNECTICUT *3 Ms April 1934......... „ A&O 3.85 *4s July 1936____________J&J 3.80 *5s July 1 1936_________ J&J 3.80 Bridgeport— *5s '26-49--J&D 4.05 to 4.20 % 4 Ms Bridge 1926-65___ J&J 4.10 to 4.25 ‘ 4 Ms High Sch ’26-’63--J&J 4.10 to 4.25 *4Ms Sewer 1926-46 A&O 4.05 to 4.20 4Ms School 1927-49_______ 4.10 to 4.25 3 Ms Improvt 1926-41 J&J 4.10 to 4.25 *5s Constr’n ’26-’48--J& D b 4.05 to 4.20 Bristol 4Ms Water 1939--J&J ‘ 4% to 4.10 *5s July 1 1926-55_____J&J 4% to 4.10 % Cheshire 4Ms 1926-45---J&J 4.00 Danbury 4s Water 1946--J&J 4.20 4Ms 1926-28_________ J&D 3.75 to 3.90 % 4Ms 1929-65_________ J&D 3 9 5 to 4.05 % 3Ms Funding Oct ’4 1 --A & 0 4 East Hartford Fire District *5 Ms 1927-1951_____M&N b 4% 4.10 % 4s Water June 1933__ J&D Glastonbury 4Ms ’26-’58J&J 4.10 Greenwich 4Ms 1931-33-.J&J 4.10 4 Ms 1934-1942......... ............ 4.05 Groton School District— 4 Ms 1927-1960___________ .---'4 .1 0 Hartford 3Ms Bdge ’55--J& J 4% to 4.15 % *4s Water June ’30-’39 J&D b 3.95 to 4.10 % *4s Water 1940-45____J&D b 3.95 to 4.10 % *s Water 1926-1928_______ b 3.95 to 4.10 % A ug., 1925.] Bonds. S T A T E Bid. O' t. A N D M U N IC IP A L Bonds Bid. 4 9 B O N D S To Ask. Net. Bonds. Bid. Ask. To. Net Bordeaux (City) 6s ’3 4 --M&N 84 Bolivia(Rep)Ext 8s ’47-M&N 83 % Hartford (Concluded)— 96 9551 Buenos Aires, Argentine R ep. Brazil 8% ext 1941 __ J&E *4s Water 1929-1930_______6 3.95 to 4.10 98 97 y 87 Guar 5s of 1909-1946 £-J&J Pf85 7s Cent Ry elec 1952--J&E *4s Water 1931-1935______ b 3.95 to 4.10 82 3S 82 3i 98 Exten 634s 1955_______ J&J 97% 8 f 733s (coff.sec.’22) 1952- fio o y 4 107 4s High Sch '26-’55___ J&J b 4% to 4 15 99 Carlsbad (City) s f 8s '54-J&J f 55 433s Munic Bldg ’33--M & N b 4% to 4 15 9834 66 Christiania (Nor 8s 1945 A&O 10934 11034 54 U 5s o f 1913- ______________ f 52 U *4Ms Perm Imp ’25-’27 J&D b 3.95 to 4.15 50 3 0 -y rs f6 s 1954______ M&S 97% Hartford School Districts— 433s o f 1883______________ f 4Q 9934 98 30-year s f 6s 1955__ M&N 97% 433s of 1888______________ ♦433s Arsenal ’25-’47-M & S b 3.95 to 4.05 50 Cologne (City) Germany42 U 4s o f 1900________________ *433s Northeast 1959-J&D b 3.95 to 4.05 88 E x tsf6 !4 sM a r 15 ’50M&S15 8734 4s o f 1910_________________ 45 ^ *433s 2d North 1944— -J&JI& 3.95 to 4 05 87 Copenhagen 4s of 1901-M&N 1 83 __ 333s South Sept 1955-M&S b 3.95 to 4.05 4s o f 1898 97% British— Cons 233 s op ’23 Q-. l 5631 534s Munic Ext '4 4 --J&J 433 s Southwest 1944 —M&N 6 3.95 to 4.05 9834 Danish Cons Municipal Loan 4 33s War Loan ’25-’45 J&E l 95 31 *433s Wash’ t’n ’26-’47-J&J b 3 95 to 4.05 8% s f ext '46 ser A — F&A 111 533s f Feb 1 1937_____F&i 4s West Middle 1937—F&A b 3.95 to 4.05 11234 105 105 31 5 93s g conv Aug 1929—A&l 11731 11733 Series B ____________ Meriden (T) 4s ’26-’35—M&N 96% 111% 11234 110 - Chili (Republic) 8s 1941-F&^ 10831 10834 Havana— 1st 6s 1939____Q-J 100 Middletown 4s 1926-27--M&N 9933 10033 2d 6s__________________ Q-J 90 100 Ext 8s Oct 1 1926-- -A&C 10231 10254 4s Fund 1928-29_____M&N 9933 10 53 Hungarian Cons Munic Loan Ext s f 7s 1942 _____M&h 100 4s Fund 1930-35_____M&N 9933 100% 10033 89 s f g 734s 1945________ J&J Middletown (T)*4s 1930-F & A ______ 5 S f 8s Nov 1 1946_____M&N 107% IDS 84 83% Lyons (City) 6s 1934—M&N New Britain (C) 3 33s ’32 -J&J b 4% to 4.10 Chinese Government— 84 83% Hukuang Rys 5s £__ J& D lf Marseilles (City) 6s '34-M &N 4s Munic Bldg 1948___ J&J b 4% to 4.10 4133 4131 Medellin (Munic) (Columbia) 5s of 1896 £ red 1933—A&O l 88 4% s School 1926-'40—F&A|& 4% to 4.10 90 99 98 433s of ’98 £ red ’4 4 --M&S l 75 External 8s 1948______A&O 431s School 1940-'52 —F&A o 4% to 4.10 77 95% 9534 4s (of 1895) 1931______J&. 431s Water Aug 1941_F&A b 4% to 4.10,% . . . jM ontev’o(City) s f 7 s ’52 -J&D >rto Alegre (C ity), Brazil— 433s Sch Aug ’26-’43 —F&A b 4% to 4.10 % 87 95% 9634 Sinking fund 8s 1961__ J&D French stamped - ___ 4% s Sch Aug 1929____F&A 4% to 4.10 % 90 Prague (Greater) City— Colombia (Republic of)— *5s Park 1926-1943- —F&A 4% to 4.10 * 93 633% gold notes ’2 7 --A&O 100 7J4s loan of 1926-52--M&N 9334 New Hay (C) 333s '25- 3 5 A & 0 _______________4 10033 94 % Cordoba (Prov) Argentina— Rio de Janeiro 8s 1946—A&O 9434 4s Sewerage 1926-29—A & O _______________4 93% Ext s f 8s 1947_______ A&O Extl s f 7s 1942- - J&( *4s Apr 2 1940 tax-expt.A & O _______________4 9334 98 97 Cuban 5s 1944 opt 1911--M&S 7s 1960 (per 1000 milreis) — $85 $105 4% s Paving Mar 1936-M &S_______________4 99 9933 84 86 “ Extl” g 4 33s’49 opt F&A 5s s f loan of 1909-34-£J&D 89% 431s 1943-1952___________ _______ _______ 4 Rotterdam (C) ext 6s ’64.M&N 103 “ Extl” g 5s 1949 - --F& A *433s Paving Aug ’37__ F & A _______________ 4 10334 99 9933 “ External” s f 533s Jan 15 San Juan (City of) Porto Rico 4 *433s M ch 15 '27-’35-M & S15_____ 1953--J&J15 10033 100% 5s ref & imp 1926-36__ J&J *5s ’36 -37-‘39-’40-’41—A & O _______________4 Czechoslovak Republic— Sao Paulo (C ity), Brazil— ♦5s 1926-1951________ J & J ________________4 81 Ext s f 8s ’22 due ’5 1 --A&O 100 New Haven (Town)— 6% external s f 1943--M&N 8034 100% 99 % 10034 Ext s f 8s ’22 due ’52-_A&C External s f 8s 1952--M &N *3 33s Air L RR ’26-’29--J& J 9931 100 . Denmark ext g 8s ’45 A&015 11033 11053 New London 4s 1933____A&O Soissons (City), France— 95 % 84 Ext 6s Jan 1 1942J&J 102 33 103 Ext g 6s N ov 14 '36—M&N 4% s Imp 1931-1935__ M&S Dominican Rep 5s ’58 -F&A 102% 102% ’ okyo (City of) 5s of 1912— 4 33s Park July 1942__ J&J 100 Red ann s f beg ’17-52.M&S 5 Cust Adm s f 5> 3s’42-M&S 433s Water 1950______ F & A ______ 6734 6734 — 96 9533 5 External 533s 1953- M&N 'rondhjem (City), Norway— Norwalk (C) 333s 1929—J&J,_____ 5 Dutch E Indies 6s 1947--J&J 10233 10233 4s Ref Sewer '27-’28__ J & J ______ S f ext 6 J4s temp 1944--J&J 100 10034 iiirieh (Switzerland)— _____M&S 102 33 10233 5 Ext s f 6s 1962 4s Sch M ch 1954-1964___________ 5 Extl 533s Mar 1953--M&S 10033 100% S f g 8s Oct 15 ’4 5 .-A&O 15 10834 10834 431s Sch Mch 1929-1953__ I______ 5 Extl 533s N ov 1953--M&N 10033 100% CANADA (New York Prices) *433s Improv t ’26-'39—J&J!_____ . Finland (Republicof)— )ominion of Canada— Norwalk (T) 431s 1942—J&D| 94 External s f 6s 1945--M &S Norwich— G & E 1931--A& 0 b 4.05 to 4.30 5s refdg Oct 15 ’4 3 .A&O 15 102 10234 8531 8633 633s Munic loan of ’24-’54 A 5s refdg Oct 15 ’28-A & 0 15 10034 10034 4% s Water Mar ‘39__ M&S b 4.10 to 4.25 8933 8933 Class B _______ 5s 1926_______________ A&O 10034 10034 433s Refunding 1938—A&O b 4.10 to 4.25 90 8933 Putnam (T) 431s ’26 -4 6 -A & 0 L ........ 0 E xt’l s f 7s 1950 - - M&S 93 31 94 5s 1931______ ..-A & O 102 102 34 0 France (Republic of) 4s 19174% s Water 1926-’27—F&A^.......... 5s Mar 1937_________ M&S 10434 105 24 23 0 5% National Loan not red 5s Oct 1931___________A&O 10234 10234 4% s Water 1928 & ‘30-F&AI_____ before Jan 1931__ Q-F 16 »$28 5s M ay 1952________ M&N 10234 102 % Stamford (C) 4s 1942—-M&N & 4% to 4.10 % $29 5s premium 1920-5s Dec 1925___________J&D 10014 10034 Stamford (T) 433s 26-45 J&J b 4% to 4.10,% 3533 3433 6% National loan of 1920 v$31% $3233 534% gold notes 1929-F&A 10234 10234 *4%s School 1926-29-M&N b 4% to4.10 '% 7s ext of ’24-’49 temp-J&D 534s Viet Loan Dec ’27 J&D 102)4 10234 *4%s School 1930-39-M&N b 4% to 4.10 % 9051 9033 733s External 1941 J&D 534s Viet Ln Nov ’33-M&N 105*4 10634 *4% s School 1940-65-M&N b 4% to 4.10 % 9951 9933 8% ext g loan ’45—M&S 15 102 33 10233 534s Viet Ln N ov ’34.M &N 10334 104 34 Stonlngton 4% s 28&’33.A&Oi_____________ 4.: 5 534s Viet Ln Dec ’37—J&D 10834 10934 German extl 7s 1949—A&015 ♦Stratford 6s 1925- 31—M&S b 4.10 to 4.25 % 9651 9653 Greek Govt s f 7s 1964 -M&N 534s renew N ov 1927-M&N 10134 10134 Torrington *5%s ’30-’35-J&J b 4.10 to 4.25 % 80% 8531 Haiti (Rep) 6% Ex’52 A .A & O 5J4s renew N ov 1932.M&N 103 34 10334 *531s Fund 1936-’41---J&J,& 4.10 to 4.25 % 96 9633 __ 5 Hungary (Kingdom of)— lberta (Prov of) 6s ’30-M&N ♦Wallingford (Town) 4%s 4.90 5s Apr 15 1950_____A&015 3 S f g 733s 1944 int rcts.F&A 1933, '38. ’43, ’48, ’53_____- .......... 9231 9233 Industrial Bank of Japan— Waterbury 3 33s Sch’26-32 J&J 6 4.05 to 4.10 4.25 6s April 25 1926_______ ! 6% notes 1927- - F&A15 99 4s Park July ’26-’58---J&J,& 4.05 to 4.10 9933 __ 4.30 Industrial Mtge Bk of Finland 4s Water 1926-1939—J& J15_____ 6s July 15 1926____J&J 15 4.95 5 1st M coll 7s July 1 1944- _ 9433 s 95 4s Water 1940-1965--J&J15I_____ 5s Jan 15 1948_____J&J 15 4.70 Italian Government— 4% s City Hall ’26-’63--J& J b 4.05 to 4.10 434s Feb 2 1928_____F&A 2 5-40 5% Int 1926-1941 _- .J&J w$34 *4%s Water ’49-’93- —J&J,6 4.05 to 4.10 3431 __ 5.40 4% s 1934-1964____________\b 4.05 to 4.10 % 5% Treasury notes 1925 — / 3633 37 5s June 15 1935____J&D 15 5.50 Japanese Government— 5s July 1 1945_________ J&J 431s Water 1930-44—J&J15 & 4.05 to 4.10 % 5.15 5 4s £ ’54 opt ’ 10 _J30 & D31 l 58 60 Alt 434s Apr 18 ’31---A & O 8 4MsBdge,St,&c,’30-39J&J15--------5.15 84 ) 4s £ J a n ’31 op ta ft’21 J&J c 83% 434sElPow June 5 ’31 J&D5 4% Bdge,St,&c,’40-64J&J15______ 5 92% [alifax N S 4s July 1945_____ S f 633s 195!_ _____F&A 433s 1946-1953_____J&J 15'& 4.05 to 4.10!% 9233 5 Oriental Devel Co, Ltd— 5s Jan 1951___________ J&J 433s Water 1935-’64— -J&JI& 4.05 t o 4 1 0 % 4.90 : Ext 6s 1953_______ M&S *4%s 1926-1934_____J&J156 4.05 to 4.10 % 9733 9733 4.90 _ Mortgage Bank o f Chile— West Hartf’d 433 s 1943--J&D 101 4s Elec L & P 1941__ A&O West Haven Union S D — 5.05 S f 633s June 30 ’57-J&D31 s 9733 9733 6.70 : : 4.90 431s M ay 1 1927-’ 56—M&N 4.10) Mortgage Bank of Denmark 4.95 DELAWARE. 534s May 1 1936_____M&N Extl s f 6s 1970--M&S 9833 9833 . — : lanitoba (Province of)— 3s Dec 1 1927 opt 1902---J&D 108 Newfound 633s ’36—J&D30 107 5 433s ’60 opt any date 105. J&J 10414 105% 533s 1939, 1942 & 1943___ 100% 101% 6s gold Feb 2 1930— -F&A2 4.90 433s 1961 opt ’22 at 105—J&J 104 J4 105% Netherl’ds 6s ’72 (flat) -M&S f 10733 108 5s 1944______________ J&D2 5 6s 1972 series B - . 4% % gold notes 1927-M&N 4.50 Dover Spec S D 5s ’26-’46 A&O 107% 108 Kent Co 433s 1945-1950-M&S 5 Ext 6s 1954__________ A&O 103 4% s M ay 1 1945____M&N 103% 434 4.90 Norway 8% ext 1940— A&O 11031 11033 4s gold 1930_________ M&N NewCastleCo 4 ^ s ’26-’34J&D 4% to 4 20 5.20 Extl s f 6s 1943___ F&A 15 100 33 101 4% to 4.20 4s drainage July 1 ’29_J&J 533s 1926-1928________ J&J i lontreal 5s Dec 1 1945-J&D 4.90 533s 1936-1944________ J&J 5 Extl s f 6s 1944 int c tf_ _F&A 100% 10033 Sussex County— 4.90 6s Ext Oct 15 1952-A&015 101% 10133 5s s f N ov 1 1956____M&N 4 85 5s ’31-’70 opt ’32 at 105____ 105 40-yr s f 533s 1965____J&D 434s M ay 1954 10614 9533 9533 4.85 Wilm’gton— 433s ’28-'37-A&O 6 4.10 to 4.15 103 4 34s Jan 1944_________ J&J Panama Rep) ext533s’53 J&D 101 Peru (Repub) 8s 1932 J&D slOl 4s M ay 1927_________ M&N 4.50 4 % sBldg— Con’53-‘62 M&S Extl 8s 1944_________ A&O 100% 10033 5s 1947-’49___________A&O 4.90 4s M ay 1 1933 £_____M&N 09% 4s M ay 1 1944_______M&N FLORIDA. Poland (Rep of) 6s 1940 A&O 4.85 6933 _ 88 Dade Co 5s Oct 1947-’54_____ Extl s f 8s 1950_______ J&J 334s refdg M ay 1939-M&N 4.85 4.40 8833 i lew Brunswick 334s ’33.J&J Duval Co 533s'32 op’ 12 M&N 100 4.90 Queensland (State of) Australia lia— 5s Armory 1944_______ J&J Ext 7s Oct 1 1941____A&O 11033 110% 4s July 3 1930_________ J&J 4.90 4.40 4s 1932 opt 1902_______ J&J Everglades Dr D 6s ’26-’35 M&N 99 Ext g 6s Feb 15 1947 F&A15 105 101 10633 4.90 6s 1933 to 1941............J & J 106 4}4s Dec 1 1925_____ J&D 109 Rio Grande Do Sul (State) 4 96 5s Dec 1 1925_______ J&D Brazil ext s f 8s Oct 1946— 4 533s 1931-1948________ J&J b 5% to 6% 9531 s 12% 5s Refund 1935, ’36, ’37, Russian 633s June 18 ’ 19-J&J 5.75 s 13 n ’38, ’53, ’54, ’55_____J&J 1 5 33 % Ext Ln D e c ’21 j& D 4 Salvador (Republic of)— Hamilton Co 5s Feb 7 '48____ 4 !4s Aug 1 1926______ F&A 98 4.25 Hernando Co 5s 1944___ J&J 1st 1 s f 8s 1948 ser A J&J 10433 10533 5s 1934_______________ F&A 98 4.90 San Paulo (Brazil) State of— Jacksonville 5s Jan 1 ’36-J&J 6s N ov 15 1930____ M&N15 4.95 433s Feb 1937------------- F&A 8% external loan 1936-J&J 102% 10251 - - . c (ntario (Prov) 6s ’27-M&N15 4.60 4.95 Jacksonv S D No 1 5s Apr '45 E xt’l 8s 1950--- - J&J 10033 10053 6s Sept 15 1943____ M&S15 Key West 5s 1942_______ J&J 100 7s ’46 (per 1,000 milreis). '$110 $130 5s Dec 1 1926________ J&D 4.25 Miami 5s 1926-1944_____J&J 434s 1944____________M&S 4.50 Santa Fe (Prov), Argentina— 4.75 Extl s f 7s 1942______M&S 96 4s 1941______________ M&N 433s Munic Im p ’26-’55M&S 9631 100% 4.75 Seine, Dep of (France)— 4s March 1 1926_____M&S 6s School 1940_______ J&D 4 88 Orange County 5s 1944--J&J 100 Ext g 7s 1942--_ . .J&J 3 34s 1936_____________ J&J 8733 4.75 0 ittawa City 5s ’26-’45__ J&J b 4.25 to 4.85 % Pensacola 433s ref 1941—A&O Serbs Croats & Slov (King of) Ext 8s 1962 -M&N 8831 8833 6s Mimic Imp ’26-’50—J&J b 4.25 to 5% 6% School 1926-1951--J&J Swedish 6s 1939 - J&D15 104% 104% Polk Co 5s Road ’26-’40—J&J 434s ’34, ’35, ’44______ J&J 4.85 533s external 1954 -M&N 10033 10033 St Augustine 5s 1955__ -_ J&.T b 4.40 to 4.50 334s Sew Sep 26 ’2 8 --M&S b 4.25 to 4.65 % 102 Switzerland— 5 33s 1929.-F&A 101 St Petersburg 533s 1949-_J&J 4 - - - Q!uebec (Prov) 5s 1926__ J&D 533s External 1946— A&O 101% 102% 531s June 1954_______ J&D 434s s f 1950________ M&S2 4.75 5s Extl Aug 1 1926 -F&A 100 100 Vs - - - Qluebec City 3 34s g ’30—J&J Tampa 5s June ’55 op ’25 J&J 4.90 5s Mun Imp ’62 op’32 J&D S F gold 8s 1940 - -J&J 110% 11633 334s July 1 1933_______ J&J 4.90 _____ - - . R U S of Mexico 6s A 19335s W W Purch ’26-’72_F&A 5.50 S 50 FOREIGN GOVTS. 5s g Ext L ’n 1945 £—Q-Jan 40 5.65 Assenting . ___________ 31% 33 Argentine Repub— 7s ’27 F&A 102% 102% -_ - s 5s 1943 (non-call).-J& D 15 80% Internal 5s o f ’09-’4 5 --M&S 87% 4.90 4s gold 1954__________ J&D 4s £ loan o f 1897______ A&O 1/S6833 $70% 1933 1833 434s July 2 1945______ J&J2 4% Assent 4s June 24 coup on J 22% 90% 96 Ext 6s o f ’23 1957 A .-M & S 2333 - - - s outh Vancouver, B C — 4s Ext 1910 July 24 coup on . 2033 95 Vs 96 1st g 6s 1958 Ser B ___ J&D 2051 5s 1927-1946. - .........J&D30 b 5.35 to 5.65 % T oronto 5s 1926-1936___ J&J b 4% to 4.90 % Sink fund gold 6s 1959-J&D Treasury notes 6s ext 1933— 96 95% Australia (Commonwealth)— July 1924 coup on J&J J 3533 3651 6s 1926-1929__________ J&J b 4% to 4.90 'c _____ 3s Internal silver__________ J Ext 5s July 15 1955-J&J15 6s 1930-1940__________ J&J .05 9914 Austria (Prov o f Upper Aus)— 6s 1940-1950__________ J&J .05 Extl s f 7s 1945______J&D Uruguay 8s ext 1946__ F&A 109% 10953 . . . 4 34s Jan 1 1949—. ......... J&J 9214 1% Austrian Govt s f 7d ’43-J&D 434s Jan 1 1955_______ J&J 99% 99% 43i FOREIGN CITIES, &c. Belg Govt 733s yly to ’45 J&D 108% 109 Ji 4s £ July 1 1948_______ J&J 5 Bergen, Norway, 8s ’45-M&N 11333 11333 86 Extl s f 6s 1955________ J&J 85% 334s July 1 1944-45____J&J 436 25-yr s f 6s temp 1949 A&O 8% Extl s f bds 1941—F&A 106% 107% 9733 --_ V ancouver, B C, 5 34s ’39 A&O 9733 92 Berne (City) Switzerland— Extl 614s int rets '49—M&S 534s 1952------------------- F&A 91% S f 8s 1945__________ M&N 108% 10933 86 External s f 6s 1955___ J&J 80 85% 4s St Imp Sept 9 ’27-M&S9 Bogota (City) extl 8s ’45-A & 0 9451 9814 Extl s f 7s 1955...........J&D 4s St Imp Sept 9 ’32.M&S9 98 9433 .90 b Basis, c Basis $5 to the £. fF lat price. I In London, r Canadian price, n Nominal, p Per £20. m Dollars per rubles, flat, s Sale price, t Per 1,000 guilders, u Dollars per 1,000lire flat. r Dollars per 1.000 francs, to Dollars per 500 francs. t/Per£200. * Tax-free in Conn, z Per £300 bond 50 [Vol. 121, STATE AND MUNICIPAL BONDS B onds. Bid. To Ask. Net. Winnipeg, Man, 5s ’44 --A & 0 6s Dec 1930__________ J&D 4 Ms non-call 1944___ M &N 4 K s June 15 1950-—J&D15 4s Aug 1 1946_____ F&A15 GEORGIA 4M s ref 1935-1945............. J&J 4s July 1 1926____________J&J 3 Ms Jan 1926-1935______J&J b 3.75 Albany— 5s 1945_______ J&D Athens— 4Ms June 30 1943-Atlanta— 4Ms Jan 1 1940-J&J 4 Ms Sewer 1926 1940--J&J b 3.85 3 Ms July 1 ’31 & ’3 3 --J&J Augusta— 4Ms Flood Prot ’42--M & N 4s refunding 1934------- J&J 3 Ms April 1930.........-A&O Bibb Co 4Ms 1948-49--M&N Clarke Co 5s 1926-41------J&J Columbus— 5s 1926-44— J&J 4 Ms Refunding 1939--J&J Dougherty Co— 5s School 1926-1948..M&S Macon— 4Ms Oct 1926— Q-J 4Ms W W 1926-36------J&J b 4% 4s Pav & Sew ’ 26 to '39-J&J b 4% Pulaski Co 5s 1932-48------J&J Rome 4 Ms 1926-------------J&J 4s Munic bldg 1926-39-A&O b 4.10 Savannah— 4Ms ref 1943-J&J 4 Ms Drainage 1944— F&A 4 Ms Refunding 1959--F&A Spalding Co— 5s 1925-30-J&D b 4% Swainsboro 6s 1925-50--A&O Valdosta 5s 1926-42--------- Jan b 4% Ware Co 5s Sch 1926-31--J&J b 4.00 5s Road 1932-1949____J&J Watkins S D 6s 1931-50-M&N Woodbury 6s 1927-49__ J&D IDAHO 5 Ms Impt 1 9 4 1 --.------- A&O 5s Highway 1941-------------J&J 454s Cap Bldg 1930-39— J&J 4Ms M ay 1 1932 opt 1921. J&J 4Ms Highway '35 opt ’ 25..J&J 4 Ms Highw '37 op ’27------J&J 4Ms Ref 1927-1928_____A&O 4Ms Ref 1929-1945_____A&O 4s Jan 1 1934 op 1924____J&J Blaine Co 5s Feb '26-31-J& J BoiseC’y S D 5 s ’25 op ’ 15M&N 6s July 1 1940________ J&J ILLINOIS 4Ms Serv Comp 1926-43-F&A b 4.05 4Ms Aug 1 1930-38_____F&A b 4.05 4s M ay 1 1926-1935____M&N b 4% 4s Highway 1929-1940--May b 4% 4s Highway 1926-1928--May b 4% 4s Highway 1941-1943-.May b 4% 4s Highway 1945-1954--M&S b 4% Champaign County— 5s Road 1926-1943--M&N b 4% Chicago 4s 1926 to 1927--J&J b 3M 4s 1928 to 1935_______ J&J 4s Jan 1930 & 1931____J&J 4s Jan 1937-1939--------J&J 4s Jan 1926-1941_____J&J b 3M No W Pk 4 Ms 1926 27-J&J b 4% No W Pk 4Ms 1926-28-J&J b 3M W Chic Pk 4s 1926 2 7 .J&J b 3M W Chic Pk 5s 1926-27--J&J b 3% Chicago Sanitary District— 4 Ms July 1 1926-26— J&J 4s Sept 1925-1931____M&S b 3M 4s 1926-1945_________ J&J b 3M Cook Co— 4s 1925______ M&S 4Ms 1926-1940______A&O b 3M 4Ms For Pres ’ 26-’43-J& Jl5 b 3M 4s Ser K 1926-1931---J&D b 3M 4s Ser M 1926-1933---J&D b 3M 4s Forest Pres ’26-’34-A& 0 b 3M East St Louis— 4Ms ref Sept 1 ’ 28------Sept Elgin Sanitary Dist— 5s 1926-1944-............. M&N b 4.20 Joliet— 5s 1925-------------M&S Moline 4Ms 1926-1932---J&J b 4% Springfield Sanitary District— 4Ms 1926-1944_______ J&D b 4.10 4.90 5 4 4M 4M to 4% 4 3.7, 4.30 4.25 4.10 to 4.10 % 4.05 4.15 4.10 4.10 4.15 4.30 4.30 4.25 to to to to to to 4.35 4 4.15 % 4.10 % 4.50 4.10 4.15 % 4.15 4.15 4.15 4.30 % 4.80 4.39 % 4 30 % 4.35 4.90 4.90 4.20 4.20 4.20 4.50 4.50 4.20 4.20 4.10 4.30 4% 4M 4.75 to to to to to to to 4.20 4.20 4.10 4.10 4.10 4.10 4.10 % % % % % % % to 4.05 % to 3% % 4 4 4 to 4% to 3M to 4% to 3M % to 4% to 4% to 4% to to to to to 3M 3M 4.05 % 4.05 % 4% 4% 4% 4.10 to 4.30 % 4 to 4.05 % to 4.15 INDIANA (see footnote o) Cass County— 3.90 o4s Bridge 1925-33-M&N15 East Chicago— o 6 s W W 1925-’29__ M&N b 4.40 to 4.60 % Elkhart— 4Ms W W 1930-’75— A&O b 4.20 to 4.30 % 3.90 oEvansville— 4s Ref 1932-J&J 3.90 o4s Ref 1942__________ J&J 3.90 oFloyd Co 4s 1926-30---J&J 3.90 oFort Wayne Sch D 5s 1933-4 oFranklin Co 4s ’ 26-’30_-J&D 4 oGary Sch City 4 Ms Oct 1943. oHendricks County— 3.90 4s C H Jan 15 ’26-’32-J&J15 Indianapolis— 3.90 o5 Ms Track E lev’31-'47 J&J 3.75 4s Park Imp Jan 1 ’27--J&J 3.90 o4s Fire Dept J’ne 1 '41 J&J 3.90 o4Ms Sch J’ne 15 ’ 40J&D15 o4Ms 1926-1955----------- J&J b 3.50 to 3.90 3.90 o3Ms Hospital 1936— J&J 3.90 o3Ms City Hall 1939..J&J 3.90 olndianap S D 4s 1926-26-J&J 3.90 cOs Bldg Sept 1 1946— J&J 3.90 o3Ms July 1 1941--------- J&J 3.90 o5s Oct 20 1925-39-A&O20 3.90 oKokomo 4s 1926-1931--M&S 3.90 oLa Porte Co 5s ’26-’28--J& D 3.90 oLoganspt 3Ms '26 op ’ 16-J&J 3.90 o4Ms Sch H ’26-37-J& D15 3.90 Marion Co— 4s Ref ’27--J& D 3.90 oRichmond— 4s 1927------M&S oSt Joseph County— 3.75 o3Ms 1926------------------F&A. o ____ oSouth Bend— 3.90 o4Ms W W N ov ’ 43-.M & N 3.90 o4Ms W W Dec ’43 --.J & D 3.90 o5Ms 1931------------------M&S 3.90 o5Ms 1941____________M&S South Bend School District— 3.75 o4s Apr 17 1926-1927--F&A ob. 3.75 Terre Haute— 4s 1927----A&O 3.90 o4s Sewer 1930_______ F&A 3.90 oTerre H Sch C 4s ’25-’31 M&S ob. oVigoCo4M D e c l6 ’25-’27J&D 3.75 B onds. Bid. To Ask. Net. IOW A 4Ms 1927-1929_________ J&D 3 95 4 Ms 1932-1933_________ J&D 3 95 4Ms 1934-1940_________ J&D 3 95 Boone 4 Ms 1926-31___ M&N 4.10 Burlington 4 Ms ’25-'33.M &N 4.10 Council Bluffs— 4Ms Wat Wks ’26-’30.M&N 4.10 Crawford Co 5s ’25-’29-M&N 4 Cushing 5s School 1939.M&N 4.20 Davenport 4s 1925-29--M&N 4 Des Moines— 5s Municip 1926-1957.-J&J b 4% to 4.15 % 4Ms 1926-1931_______ M&N b 4% to 4.05 % 4Ms W W 1932-42____J&D 4.05 4s City Hall 1926______ J&J 4 6s Gen Oblig 1931-40--J&J 4.05 Des M Ind S D 4 Ms ’3 2 --J&J 4.05 4 Ms 1944_________________ 4.05 Dubuque Co 4Ms ’26-’31.J&J 4.05 Fort Dodge 5s Fund ’3 9 --A&O 4.15 Ft Madison 5s 1926______ J&J 4 Fremont Co 5s 1926-35--J&J 4 Greene Co 5s 1925______A&O 4 Jackson Co 5s 1925-30--A&O b 4% to 4.15 % Marshalltown Ind S D — 5s City Hall 1925-39--M & N b 4% to 4.10 % Marshalltown— 4 Ms Water 1925 & ’26 -A&O 4 4Ms Water 1929-42__ A&O 4.05 4 Ms Water 1943&’44 --A & 0 4.10 Ottumwa 4Ms June 1936. 4.10 Polk Co 4Ms 26- 32 -.A & 015 b 4% to 4.10 % 5s Funding 1926-35____J&J b 4% to 4.15 % Sioux City— 6s ParkAugl5 35-’45F&Al5 4.20 6s R ef Aug 15 1940--F&A15 4.20 5s Fire Fund 1926-33--J&J b 4% to 4.15 % 5s Police Fund ’25-’33-M&N b 4% to 4.15 % Sioux City S D 5s 1941---J&J 4.10 Waterloo— 4Ms W W Jan 15 ’3 0 --.J & J 4.10 Woodbury Co 5s ’26-’32--J&J b 4% to 4.10 % KANSAS. 4Ms 1926-1933__________ J&J 4 4 Ms Soldiers Compen '34-’52 4 Atchison Co— 4s Refund '29 op '14__ J&J 4.10 Emporia— 4Ms Dec '29 op ’ 19__ F&A 4.15 Emporia SD 4Ms 32op’22 J&J 4.50 Ft Scott 4Ms ’35 op ’ 10--M&S 4.50 Galena— 5s W W 1926-1943____J&D b 4% to 4.30 % Hutchinson— 5s 1931____A&O 4.20 4 Ms Pub Bldg ’61 op ’31 J&J 4.20 Kansas City— 5s Feb 1 1942_________ F&A 4.15 4Ms Wat & Light 1944-J&J 4.15 4Ms Sch Bldg 1929____J&J 4.05 4Ms Wat Plant Pur ’39 J&J 4.15 4Ms Refg Feb 1 ’2 9 -.-F & A 4.05 4.15 4 Ms Imp July 18 ’4 9 --J&J Board o f Education— 4Ms 1926-1953_____F&A b 4% to 4.15 % 4Ms 1926-1953______ J&J b 4% to 4.15 % Sch Dist 4 Ms 1929-54--J&J b 4% to 4.15 % Sedgwick County— 5 5s Fund 1926 op 1915--J&J 4.50 4Ms Brge Oct ’27op’ 17-J&J Topeka— 4 5s Top Wat Sept '26__ J&J 4Ms 1926-1933_______ F&A b 4.10 to 4.20 % 4 4Ms Elec Light 1929__ J&J 5 Wichita 5s 1929 op 1919--J&J Wyandotte County— 4.15 4Ms Bridge ’32 to '41..F & A KENTUCK Y. Ashland— 4.50 5s Sew impt '32 & '3 7 --M&S 4.50 4 Ms S I ’42, '47. ’5 2 - .-M&S Bell County— 6s Ct H Dec 15 ’38--J&D15 Covington— 6s W W Jan 15 ’26-’36 J&J15 6s W W Jan 15 ’26-’31 J&J15 6s W W Janl5 ’32-’61 J&J15 4 Ms Funding 1926-48-F&A 4 Ms W W 1926-1951--J&J 4M 4s Water 1927________ J&J 4s Fundg 1952 op '4 2 --F&A 4.50 Frankfort 4 Ms ’27 opt ’ 17-J&J Harlan Countv— 4.40 5s Rd & Bldg 1926___ M&S 4.50 5s Rd & Bridge ’49-’52 M&N 4.30 Lexington 4s 1945______ F&A Lexington S D 5s 1938__ J&D Louisville— 5s School 1962________ A&O 114 4 Ms Hospital 1951___ M&S 106 M 4 Ms School Impt 1954-A&O 102 97 4s M uniclmp D ecl ’28 Q-M 98M 98 4s Park 1930_________ J&J 98 4s Refdg July 1 19 37---J&J 4s Sewer 1947________ F&A 101 98 4s Louisv W Co 1946--J&J 98 M 4s Louisv W Co 1950--F&A 97 M 98 M 4s Sewer 1965________ F&A 101M 92 3 Ms gold refg 1940.-M&N 92 3 Ms Refunding 1943--J&J 80 3s Sewer & Park 1941--J&J 77M McCracken County— 5 5s Ref 1933 opt 1913--M&S 5 5s Ref 1933 opt 1923--M&S 4.40 Owensboro— 4s '31 op ’ l l J&J 4.40 4s Street 1930 op 1915--J&J LOUISIANA. 4% to 4.50 % 5s Port Comm’n ’26-’54-A & 0 4% to 4.40 % 5s Port Comm’n ’26-’59--J&J 4% to 4.50 % 5s Port Comm’n ’26-’55--J& D 4% to 4.20 % 4Ms Ref 1926-1964____ F&A 4% to 4.50 % 4 Ms Port Comm’n ’26-’ 57M&S 4% to 4.55 % Alexandria 5s 1926-52__ F&A Atchafalaya Levee Dist— 5s Sept 1932-1972--M&S15 5s Dist ref & im p '4 9 --M & S 100 Bossier District Levee— 5s 1954............ A&O 100 Caddo District Levee— 5s 1951 opt 1941______ J&J 100 Caddo Parish S D No 1— 5s School 1929-1943__ J&J b 4.30 to 4.40 Fifth District Levee— 5s 1950 opt 1940______ J&J 100 5s 1952 opt 1942...........J&J 100 5s Oct 15 1962 op ’5 2 .-A&O 100 5s Oct 15 1963........... A&015 100 5s 1957-1967-........... A&015 100 5s 1959-1969_______ F&A15 100 Lafourche Basin Levee— 5s Jan 1954 opt 1944__ J&J Lake Borgne Dist Levee— 5s Dec 1952 opt 1942--J&D New Orleans—■ 5s Oct 1927-1932__________ 5s Pub Beit R R ’39-’49-J&J 5s Pub Belt 1950-59-—J&D 4Ms Paving 1926-33---J&J 4 Ms 1956-1966.............-J&J 4s Floating debt 1948-A&O 4s Constitutional 1942-J&J 4s Public Impt 1950 opt 1942 (old issue)_____ J&J 4s Pub Impt ’42 opt ’28.J&J Orleans District— 5s July 1930-1939_____J&J 5s July 1940-1949_____J&J 5s July 1950-1959.........J&J Plaquemine Parish E Bank— 5s Oct 1952 opt 1942..A & 0 Pontchartrain District— D 6s 1944__________ M&N 5s July 1968__________ J&J Red River A & B B District— 5s 1950 Series B ______ A&O 5s Mar 1953 opt 1943-M&S 5s 1965 Series D ______F&A Shreveport—5s 1929-1931.......... F&A 5s 1932-1936__________F&A 5s 1937-1961__________F&A 4Ms W W & Sew’26-'54-J&J Tensas Basin Levee District— 5s Jan 1957____________J&J Net. 102 101 4.25 97 M 97 H 95 M 95 M 96 M 96 M 100 102 103 80 110 101 112M 100 100 100 4.30 4.35 4.35 b 4% to 4.35 % 100 MAINE 4.10 5Ms Bonus Fund ’25-’30-J&D 3.95 5s Hway & Bdge '26-’54-A&0 3.95 4s Sept 1 1925-1953____M&S 3.95 4s Highway 1926-1936-..M&S 3.95 4s April 1928-31 tax-ex. _A&O 3.95 4s State Pier 1933-1942..M&S Auburn— 4s 1935 & 1940 tax-ex.-J&J 99 Augusta 4s 1926-45 Bangor— 4s Ref Wat ’35 (taxable).J&J 4s Fund 1926-30 tax-ex. J&J 99 98 Bath 4s R ef 1941 tax-ex.J&D 98 M Biddeford 4s 1926-35---M&N Gardiner Water District— 97 4s 1934 (taxable) _______J&J Kennebec Water District— 98M 4s Refunding M ay 1 1953 Kittery Water District— 5s Jan 1926 to 1938___ J&J 99 Lewiston 4s g Oct 1927_A&O Portland— 99 4s Aug 1 1929 tax-ex.-F& A 99 4s C H ’26-’45 tax-ex.A&O 99 4s High Sch 1936 tax-exem_ Portland Bridge Dist (taxable) 3 Ms July 1926 to 1939-M&S b 4% Portland Water District— 99 4s Funding 1928______ J&D 97 Saco 4s April 1939______ A&O 97 Washington Co 4s 1928--J&J Waterville— 4s g July 1 1927-97 3 Ms Sept 1935_______ M&S M ARYLAND 4Ms Aug 15 1925-33--F&A15 4Ms Rd & Bdge ’28-’40 J&D15 4s 1926 to 1928______________ 4s 1928 opt 1923________ J&J 4s Jan 1 1929____________J&J 3Ms 1926-1928_________ -F&A 4s Roads 1926-1930_____F&A 4Ms Roads 1925 to 1928_____ Annapolis 4Ms W W ’42-A&O Baltimore— 5s 1926-1946 M&S 5s 1926-1961_________ A&O 4 Ms Mar 1 1926-55---M&S 4Ms Mar 1 1955_____M&S 4s Water 1926_______ M&N 4s Aug 1 1 9 5 1 ---.........F&A 4s Annex 1954________ J&D 4s Parks 1955________ M&N 4s Mar 1 1961________ M&S 4s Aug 1 1961________ F&A 3 Ms July 1 1930_______ J&J 3 Ms Impt 1940_______ J&J 3 Ms Mar 1945_______ M&S 3 Ms Refunding 1952__ J&J 3 Ms Sewage Impt ’80-A&O 3 Ms Jan 1 1927_______ J&J Cumber’d 4Ms W W '41-A & 0 Hagerstown— 5s Water 1938-1987---A&0 4Ms 1936-1986_______ A&O Washington Sub San Dist— 4Ms Sewer g 1973_____J&J 5s'1 9 6 9 ----“ ______________b MASSACHUSETTS 4s 1925-52 (tax-exempt)-_Var 3 Ms gold July 1 1935___ J&J 3 Ms 1956 ref (tax-exem) _J&J 3 Ms 1937 reg (tax-exem).J&J 3Ms Water 1942________ J&J 3Ms gold July 1944.........M&S 3s April 1 1929_________ A&O 3s gold M ay 1929______M&N 3s Met Sewerage 1936__ M&S 3s gold July 1 1939______ J&J 3s gold Water Jan 1 1941.J&J Attleborough— 3 Ms March 1935____M&S Beverley 4s 1925-1936---A&0 Boston— 4Ms Tun 1960 tax-ex.A&O 4s July 1936__________ J&J 4s Apr ’26-’37 (tax-ex).A&O 4s 1926-1939 (tax-ex)._J&J 4s Tunnel & Sub 1948-J&D 4s Sub 1957 tax-ex____A&O 4s Sub 1958 tax-ex___ J&J 4s Tub & Sub’59 tax-ex. J&J 3 Ms June 1 1932....... J&D 3M sJune 1 1934____J&D 3 Ms July 1 1935____ J&J 3 Ms June 1 1943____J&D 3 Ms June 1 1944____J&D 3 Ms July 1 1945_____J&J Brockton 4s M ay 1927. _M&N 3Ms Water 1932____ M&N To Bid. B onds. 3.90 3.90 3.90 3.90 3.' 0 3.90 3.90 3.90 4% 4.10 4.10 4.10 4.10 3.90 99 M 99 M 99 M 99M 99M 3.90 3.90 3.90 3.90 85 M 92 to to to to to to 4% 4% 4% 4% 4% 4% 100 4.25 4.30 99 H 440 100 100 100 to 4.15 99 M 4.50 to 4% to 4% to 4% to 4% to 4% to 4% to 4% to 4% to 4.10 to 4.20 to 4.20 to 4.20 to 4.20 to 4% 100 100 100 100 100 to 4% to 4% to 4% to 4% 4.15 4.15 4.15 4.20 to 4.30 % 4.30 to 4.40 % 101 Vs 95M 95 96 H 93 M 93 96 96 91 90 M 88 93 % 98 Vi 105 H 97 % 100M 100M 96 M 100M 100 % 100M 95 M 94 H 93 % 90 Vs 90 M 90 H 99M 95 M INDIAN T E R R IT O R Y (See Oklah oma) b Basis. / Flat price, n Nominal, c Tax-exempt; under a law approved March 9 1903 and which went into effect April 23 1903, bonds Issued after that date by State or municipal corporations are tax-exempt, and these sell on a better basis, s Sale price. Aug., 1925.] Bonds Cambridge— 3 ^ s M ay 1 '45 (reg). M&N 3s Bridge 1941_______F&A Chelsea— 4s Park 1936--A&O 4s Oct 1925 (reg)_____A&O Everett— 4s Sewer 1929--M&S Fall River— 4s June 1 1927 (reg)__ J&D 3 Ms Water Feb 1930--F&A Fitchburg— 3Ms Water 1926_______ J&J Gardner— 4s Water 1926-1934--M&N Gloucester— 3Ms Water '25 to '3 1 --A & 0 Haverhill— 4s 1927______ J&D Holyoke— 4s gold 1927__ J&J 3 Ms Dec 1925-1932— J&D Leominster— 4s g 1925--A&O Lynn— 4s July 1927_____J&J 3 Ms April 1 1932------- A&O Marlborough 4s July '2 6 --J&J Medford 4s Feb 1930____F&A 5s Apr 1 1926-28 tax-exempt Milton 3Ms 1926 to 1932-F&A New Bedford 4s 1926__ A&O 4s Sewer 1926-41 (taxexempt)____________M&N N ewburypor t— 3Ms Water '25 to '34-.J& D Newton 4s 1935________ F&A 3Ms Water Dec 1926--J&D N orthampton— 3Ms g 1926____________J&J Pittsfield— 4 Ms 1925-30 (tax-exempt) - Quincy 3 Ms '26 to '39__ A&O Tax exempt_______________ Salem 4s Jan 1 ’32-’54 tax-ex_ Springfield 3 Ms 1935____J&J 3s Sewer 1930________ J&D Taunton— 4s 1927______ J&D 3Ms Sewer Dec 1 '30--J& D Wakefield 4s 1925-33-—A&O Watertown— 4s 1926-34.-J&J 3Ms 1926 to 1929_____J&J Bid. To Ask. Net. To I Ask. Net. B onds. MICHIGAN (Concluded)— Sault Ste Marie 4s 1932--J&J Wayne County— 4 Ms bldg&bdge '25-'39M&N 6 4% Wyandotte 4 Ms 1934__ J&D 90 M 85 M 97 M 99 M 98 M MINNESOTA 99 M 96 % 98 M 98 M 97 % 99 M 99 M 97 M 99 Vs 99 M 95 M 99 M 98 M 101M 97 M 99 M 100 96 M 97 M 98 M 98 M 100M 96 M 100 Vs 93 M 94 99 M 96 % 98 % 98 M 97 M MEXICO See Foreign Govts, page 49. MICHIGAN (See footnote o 5Ms July 15 1941_____ J&J15 5Ms Oct 15 1941_____ A&015 5Ms Highway 1941_____J&D 5s Highway 1940_______ J&D 4 Ms Highway 1943_____F&A 4 Ms Highway Impt 1937 A&O 4s Highway Impt 1942--A&O Ann Arbor School District— 4s Sept 1935_________ A&O Battle Creek— 4s City Hall 1927-36--F&A Bay City 4s 1934_______ J&J 5Ms W W 1925-1951--M & S Bay City Union S D — o6s 1926. 1931, 1936-..J& J Bessemer 5Ms 1925-49--F&A Calhoun Co 4Ms 1926-. A&O Detroit— o6s Pub Serv 1926-29.-J&J o6s Pub Serv 1930-51.-J&J o5Ms Nov 1 1945___ M&N o5 Ms Pub Util ’26-’29_J&J o5Ms Pub Util '30-’51-J&J o5Ms Pub Util ’ 26-’48-A& 0 5s Pub Impt 1926-29__ J&J 5s Pub Impt 1930-51__ J&J o5s Jan 15 1936-42. .J&J15 o4Ms Pub Lib 1948-J&J15 04 Ms 1932, 1935-42. J&J15 4 Ms 1942-1952_______ J&D o4s Aug 15 ’25-’28--F&A15 o4s School 1946______ M&N 3 Ms Park 1930_______ M&S oEscanaba 4 Ms 1926-30--J&J oFlint 4Ms 1926-39_____F&A 4Ms 1938-1953_______ J&D 4Ms 1925-1954____ M&S15 4 Ms 1926 1937_______ J&D o5s (Mar 15 & Apr 1) ’31-’50 Flint Union School Dist— 5s 1926-1954_________ M&S oGenesee Co 6s 1926-31-M&N Grand Rapids— 5s 1926-1934_________ A&O 4 Ms Flood Protec '33.M&S 4Ms 1926-1928_______ F&A 4 Ms 1929-1930_______ F&A 4Ms 1931-1953_______ F&A 4s Water Nov 15 '29-.M & N Highland Park 5s 1928--J&J o4 Ms Sept 15 1934...M & S Jackson 4Ms 1930-47.A&016 4 Ms Gen Impt ’30-’54-M&N Kalamazoo 8 D No 1— o5s School ’25-'30.-M &S15 Lansing— o5s lm pJulyl5’26-32 J&J15 o5s Sewer 1926-26___ J&D o5s Jan 3 1926-1932.-J&J3 o4Ms Jan 3 1930-36--J&J3 4 Ms 1937-1946_______ J&D Marquette 3 Ms 1926____J&J Muskegon— 4Ms W -W 1926-44____J&J 4s M ay 1 1934_______ M&N Muskegon S D 5s 1942__ July Muskegon Co 4 Ms 1932.-J&J Pontiac— 4Ms ’31-'47--.M & S 5Ms Sewer 1925-1942 6s Wat Impt 1926-28.J&D 6s Wat Impt 1929-35__ I&D 6s Wat Impt 1936-50--J&D Port Huron 4s 1932______ J&J Saginaw— 4Ms Sewer 1926-1933..J&J 4Ms Sewer 1926-1949.F&A 51 STATE AND MUNICIPAL BONDS 4.20 4.15 4.15 4.10 b 4% to 4.05 % 4.05 4 4.10 b 4% to 4.15 % 4.15 b 4% to 4.50 % b 4% to 4.40 % b 5% to 4.65 % 4 4Ms July 15 1943_____ J&J15 4Ms Dec 1 1939________ J&D Beltrami County—■ 5 Mf Ditch 1925-34---J&D 6s Road 1930___________ Brainerd 5s Nov 1925-1929 Duluth— 5s g Wat & Lt '26J&J 4Ms g July 1 1926___ J&J 4s g Water & Light '28- A&O 4s Water & Light 1936-A&0 Duluth Ind School Dist— 5Ms 1936, 1938, 1940-A&O 4Ms Feb 1 '40 op '3 0 --F&A 4s 1934 opt 1924_____ A&O Hennepin County— 6s Bridge 1926-40___ M&N 5 Ms Bridge 1926-40--M&N 4 Ms Sanitorium ’28-’42_ J&J 4 Ms Hospital '27-’41-M&N Koochiching Co 5s '26-’33 J&J 5 Ms Ditch 1926-1935--J&J Minneapolis— 5s 1925-1928.......... J&D J&D 5s 1929-1932........ 5s 1935, '36, '40, '43, '45, '46, '47, '48, '49, '50-J&D 5sStIm pM ay2’36-’4lM&N2 4Ms 1926-1935___________ 4 Ms Mar 1926-1937--M&S 4 Ms School 1941__________ 4s School Jan 1927_____J&J 4s M ay 1 1927_______ M&N 4s School Jan 1 1935__ J&J 4s Improvement 1942-J&D 4s 1944_______________ A&O 3Ms School Jan 1 '29--J&J 3 Ms Water Wks 1932-_J&J Ramsey County— 4 Ms Rd&Bdge ’38-'44 M&N 4 Ms Rd&Bdge '33-’37 M&N 4 Ms Rd&Bdge ’26-’43 J&D St Louis Co 5s 1926-29. - -J&J 5s Road 1931_________ J&J St P a u l Ss School July 1 1951--J&J 5s Refg July 2 ’26-’31_J&J 4 Ms W W 1925-42---A&O 5s School July 1 1951--J&J 4Ms July 1935________ J&J 4Ms Park June 1 '43--J& D 4Ms Sewer July 1 '4 3 --J&J 4 Ms Water Aug 1 '43-F&A 4Ms Refg July 2 ’26-’31-J&J 4Ms N ov 1 1931__________ 4 Ms July 1 1955______J&J 4s Ref Mar 1 1939____M&S 4s Sewerage July 1 1939 J&J 4s March 1 1940...........M&S 4s July 1 1927-55______ J&J South St Paul 5 Ms ref '33-J&J St Louis (Concluded)—• 4s Public Bldg 1 9 2 9 -.-A&O 4s W W Renew '31___M&N to 4.10 % 4s School 1937________ J&J 4.20 4s School 1938________ J&J 3.65s Ren June ’26-’27_J&D Springfield 5s '32 op '17-J&D 4.15 101M 102 M 4.10 5.50 52 5 4.75 4.10 4.10 4.10 4.10 4.20 4.15 4.15 4.15 4.15 4 05 4 05 6% 6% to to to to to to 4.30 4.30 4 20 4 .20 6M 6M % % % % % % b 4% to 4.25 % b 4.05 to 4.25 % b b b b b b b b b b b b 4.05 4.05 4.05 4.05 4.05 4% 4% 4% 4% 4% 4% 4% to to to to to to to to to to to to 4.25 4.25 4.25 4.25 4.25 4.20 4.20 4 15 4.15 4.15 4.20 4.20 % % % % % % % % % % % % To Ask. Net- Bonds. 4% 4% 4% 4% 4% to to to to to 4.10 4.10 4.20 4.20 4.10 MONTANA 5 Ms Educational 1941__ J&J 4 Ms Educational 1944__ J&J Billings 5s 1934 op 1929--J&J Butte 5s 1926-1936______ J&J 6s 1941______ J&J Daniels Co 6s 1933-1942__ Great Falls— 5 Ms Sewer '35 to '3 9 .-J&J Helena 5s 1931 opt 1916-J&.T Kalispell 5s 1933________ J&J Lincoln Co 5s '32 op '2 7 -.J&J 5s Fund Mar '31 op '21-J&J Phillips Co— 5s Ref Dec '35 op '33-.J& J b 4.25 4 .40% b 4.20 4.35% b 4.90 to 5% 4.80 b~ 5% to 5.25 % 4.15 4.05 4.05 4.10 4.05 4.05 4.05 4.05 4.05 4.05 b 4% b 4% b 4% to to to to to to to to to to 4.40 4.25 4.25 4.30 4.25 4.25 4.25 4.25 4.25 4.25 % % % % % % % % % % 4 to 4.15 % to 4.15 % to 4.15 % 100 4.60 4.80 5 5 5 5.10 4.90 NEBRASKA Douglas Co— 4s ’25-’28-A & 0 5s Highway 1942_____ A&O 5s Highway 1943_____ A&O Kearney 4 Ms 1926-1945-M&S Lincoln— 4 Ms '26 to '29-F&A 5s Hospital July ’35-’44-. Lincoln S D— 4Ms 1929-1953______ M&N b 4% to 4.25 Omaha 5 Ms 1941______ M&N 5s 1930. '35, '40, '45, '50. 4 Ms Refunding 1933--J&J 4Ms W W Dec 15 '4 1 ..J&J Omaha S D 4 Ms 1928__ J&J 4 Ms July 1931________ J&J 4 Ms M ay 1 1955_____ M&N 100 M 102 5s 1948_______________ J&D 5 Ms M ay 2 1951_____M&N So Omaha S D— 5s Dec 1929___________J&D b 4.05 to 4.25 % NEVADA b 4.05 to 4.25 % b 4.05 to 4.25 % W ashoeCoSD5s’26to’29-M&S 4.25 4.30 NEW HAMPSHIRE b b b b 6 b b b b b 4.60 4 4.15 4.15 4.30 4 4.15 % 4.25 4.15 4.05 405 4 4.05 L id 4.20 4.10 4M 99 M Berlin— 4s Ref 1925____M&N Concord— 98 M 3 Ms 1926 to 1929_____J&J Dover 3 Ms 1928-1931-..J&D 96 Manchester— 98 M 4s 1925-1940 (tax-ex)__F&A 98 M 4s 1926-1942 (tax-ex) . .J&J 4s Sewer 1926-1943 (taxexempt)___________ M&N 98 M 100 99 4s 1926-1945_________ J&D 98 M Pembroke 4s ’26-’34___ F&A Portsmouth— 98 M 4s Ref Water 1932____J&J Stratford 5s M ay 1933-1954.. 108 M NEW JERSEY 4 Ms Road & bdge 1933.-J&J 4 Ms Road & bdge 1938--J&J 4 Ms 1940_______________ J&J 101M 102 M MISSISSIPPI 4 Ms Highway 1954______ J&J 4.20 4 Ms 1955_______________ J&J 101M 102M b 4.20 to 4.50 % 5Ms Impt 1926-1930____M&S b 4% to 4.15 Asbury Park— 4.35 5Ms Impt 1931-1946____ M&S b 4.15 to 4.25 % 4.35 4Ms School Jan 1943..J&J b 4% to 4.20 % 5Ms April 1929-1934____ A&O b 4.15 to 4.20 % 4.30 Atlantic City— 6s 1927--A & 6 4.35 4 Ms 1930-1950______________ b 4.15 to 4.20 % 4.30 4 Ms 1926-1937________ J&J b 4% to 4.35 % 4Ms 1926-1934__________ J&J b 4 % to 4.10 % 4.30 4 Ms 1938-1958________ J&J 4 4 Ms July 1 1926-1935____ J&J b 4% to 4.10 % 4.30 4.15 4 Ms g Water 1926_____ J&J 4.20 4 Ms July 1 1936_________ J&J 4.30 4 4 Ms Paving 1938______ J&J 4.20 3Ms Refund Jan 1 1927--J&J 4.30 4 Ms Jan 1 1945_______ J&J 4.10 4.15 3Ms State 1934 opt 1914--J&J 4.30 4s Water 1930_________ J&J 4.15 Biloxi 5 Ms 1926-1948---A&O b 4% to 4.75 % 4 4.25 Atlantic Co— 6s R ’d '26-J&D 4.15 Greenville 5s 1927______ M&S 4.05 4 Ms Building 1927-34-M&N 4 Harrison County—■ 4.10 4Ms Building 1935-54-M&N 4.70 4.10 5Ms Road 1940-50___ F&A 4.50 Atlantic Highlands— 4.10 Jackson 5Ms July 1 1933-J&J 4.25 4s g Sewer July 1 1928-J&J 4.30 5s Water Aug 11928--F&A b 4% to 4.25 % 4.60 .4.40 Aubud S D 6s’ 25-’40__ A&O 5s Water 1930________ F&A b 4% to 4.20 % 4.30 4.40 Bayonne— 5s Fund 1928-J&J 4.20 5s June 1 1932________ J&D 4.30 5s Jan 1 1926-1949____J&J 4.65 Jones Co 5s 1926-42_____ M&N b 4% to 4.20 % 4.30 4Ms Funding 1931____J&D Meridian— b 4% to 4.20 % 4.30 4 Ms Jan 1 1933_______ J&J 4.50 4.20 5s Dec 1 1939________ J&D 4.20 4 Ms 1926-1953_______ F&A 4.45 4 Ms School House 1941 J&J 4.30 4s Floating Debt 1928-J&J Mississippi Levee District— b 4% to 4.25 % 4.30 4.75 Belleville 5s 1934 & '44.M &N 5s May 2 1944_______ M&N b 4% to 4.20 % 4.30 4 Ms Funding 1945___ 4.75 5s July 1 1953_________ J&J 4.30 4.75 Belleville S D 5s ’27-’44-M&N 4.10 4 Ms Sept 1934_______ M&S 4.20 Bergen Co 5Ms ’31-’34-_J&D 4.05 Vicksburg— 4.20 5 Ms Dec 1 1935-1942.-J&D 4 5s St Impt 1926-32__ F&A b 4% to 4.60 % 4.20 5s Dec 1944__________ J&D 4.05 4-35 4Ms Sewer Dec 1 1928-Dec 4.20 5s Dec 15 1925-1955. J&D 15 4.05 Yazoo-Miss Delta Levee Dist4.20 4Ms 1926-1939_______ A&O 4.50 4.05 6s 1947 optional 1917--J&J 4.20 4Ms Aug 1926-1938__ F&A — — 4.10 5s 1925-1954_________ M&N 0 4.25 to 4.80 % 4.20 4s Court Hse '26-’38_-A&0 4.75 4.15 4Ms July 1949________ J&J 4.75 Camden— 4.10 4s 1952 optional 1922--J&J 5 Ms Aug 1 1926-1961.-F&A &4 15 to 4.35 o/„ 4.10 4Ms School 1943_____A&O b 4.15 to 4.30 % MISSOURI 4M s Water '26 to '60.M&N b 4.15 to 4.30 % b 4% to 4.15 % 4s Paving 1929______M&N b 4.05 to 4.15 % 4 5s March 1930-1936_______ 3.90 Camden Co 4 Ms 1933.-F&A b 4.10 to 4.25 % 4.10 4Ms 1933-1937_________ A&O 4Ms 1935-1957________ J&J b 4.10 to 4.2 % 3.95 4% 4Ms 1938 & 1939_______ A&O 4 Ms 1926-1964_______ F&A b 4.10 to 4.25 % 99 4.10 4s Road 1933-34 Ser D -.M & S 100M 4s 1944_______________ J&.l b 4.05 4.20 4.15 Kansas City— 4.75 Cape May— 5s 1934___ J&D 4.10 5s Water Works 1939--J&J 105 M 4.75 4 Ms School 1926-1951-M&S 4 4 Ms Sept 1 1930______ M&S 100.70 4.75 4Ms 1926-1952_______ M&S 4Ms Mar 1 1933______ M&S 101.36 4.10 East Orange 4 Ms ‘26-’45-F&A 4 Ms Water Works 1942-J&J b 4.05 to 4.15 % b 4% to 4.20 % 4.10 5s Sewer 1926-1960___ J&J 4 4.15 4 Ms 1928-34__________ J&J 4.10 4s 1934_______________ A&O 4.05 4.20 4Ms 1935-45__________ J&J 4.10 4s Water 1933______...J& D 98.27 4.10 4s Sept 1 1930_______ M&S 4.10 3Ms Water 1933______A&O 4.20 Kansas City School Dist— 4:10 Elizabeth— 4Ms 1955___ J&J b 4% to 4.40 % 5s July 1941__________ J&J 109 to 4.20 b 4.10 5 Ms Dec 1 1925-1946-J&D % 4.15 4 M sJ u ly l 1933_______ J&J 100.55 4.10 6s June 1 1927________ J&D b 4.15. to 4.30 % 4 Ms July 1 1937_______ J&J 101.33 4.75 Englewood— 4s Sept '35.M &S 4.40 4Ms Jan 1943_________ J&J 104M Essex Co 4Ms Road '35--F&A b 4 05 to 4.25 4 4 Ms Sewer 1928-’34--M&S 4.15 4Ms L ’d Purch '26-'46_J&J b 4.05 to 4.25 4.05 4Ms Sewer 1935-’45__ M&S 4 Ms Hospital ’26-'49_-F&A b 4.05 to 4.25 4s July 1 1927_________ J&J 98.21 b 4% to 4.20 % 4Ms Road 1932-1936.-F&A b 4.051 to 4.25 4s Building 1932_______ J&J 97.26 b 4% to 4.20 % 4s 1926_______________ F&A b 3.75 to 4 25 % Little River Drainage Dist— 4s Hospital 1946_____ F&A 6 4% to 4 15 % 5Ms Oct 1925-1944__ A&O b 5-20 to 5.40 % 3.65s Park '26 to '3 5 --F&A b 4% to 4.20 % St Joseph 4s 1926______M&N 99M 100 Essex Fells (Boro) 5s July 28 St Joseph School District— 4 85 1925-1960_________________ 4Ms, 1925, 1930 and 1935-- b 4.15 to 4.25 % 4 60 Fairview— 5s 1944---------------St Louis— 4.50 Garfield 5 Ms 1929______ M&S 4 Ms Bridge-Compl '35 A&O b 4% to 4.20 % Gloucester Co— 4 Ms Public Bldg & Imp 4Ms Bldg&Rd'26-’45 J&D20 b 3.75 to 4.10 % 1928-1943___________ J&J b 4% to 4.10 % 4.30 Hackensack— 4 Ms 1942.F&A 4s Insane Asylum '28-A & 0 b 4% to 4.10 % 4.30 4 Ms Imp 1926-1942___ J&J 4s Public Impt 1928____J&J b 4% to 4-10 % b Basis. / Flat price, n Nominal, o Tax-exempt; under a law approved March 13 1909. and which went into effect Sept. 1 1909, bonds Issued after that date by municipal corporations are tax-exempt and these, accordingly, sell on a better basis. STATE AND MUNICIPAL BONDS 53 B onds. Bid. Ask. B onds. Bid. TV; Ask. Net' [V ol. 121. B onds. Bid. To Ask. Net. NEW Y O R K . (See n ote bel ow) Newburgh 4 Ms ’26-’34—F&A 4% 4Ms Wat Imp 1926-41-J&J 6 4% to 4.05 % 5s Mar 1 1926-1971_____ M&S b 3.85 to 4% 4s Wat Imp 1942-63---J&JI______ 4% 5s Jan 1 1926-1971______ J&J b 3.85 to 4% New Rochelle— 4Ms Highway 1963_____M&S 110 5s 1926-1929............ „ M&NI6 4% to 4.10 % 112 4 Ms Canal 1964________ J&J 110 112 5s 1930-1950_________ M&N 6 4.10 to 4.15 % 4 Ms Canal 1965________ J&J 106 4Ms Mun Imp ’26-’35.M&N 6 4% to 4.10 % 109 4Ms Highway 1965_____M&S 106 4s 1926-1930________ M&N 6 4% to 4.05 % 109 4Ms Barge Canal 1945__ J&J 103 3 Ms 1926 to 1933___ J&D 6 4% to 4.05 % 105 4 Ms Bonus 1926-1930...A&O 3.95 New York City— 4Ms Bonus 1931-1939__ A&O b 3.80 to 3.95 % 4Ms June 1965_______ J&D 107 H 108 4 Ms Bonus 1940-1949__ A&O b 3.80 to 3.95 % 4 Ms June 1926-30___ J&D b 4.10 4s Canal Term 1942_____J&J 102 4 Ms 1963_____________M&S 106 ya 107 M 104 4s Canal Term Jan 1946.-J&J 102 4Ms (old) M ay 1957—M&N 106M 107 M 104 4s g High Imp Mar ’5 8 --M&S 102 M 104 M 4 Ms (new) Nov 1957-M&N 106M 107 M 4s g High Imp Sept ’ 58_M&S 102 M 104 M 4Ms Corp stock 1967—J&J 107 M 108 4s High Imp Mar 1960__ M&S 102 H 104 M 4 Ms Corp stock '26-’3 2 .J&J 6 4% to 4.05 % 4s Canal Imp July 1960..J&J 102 M 104 M 4Ms Corp stk 1971 —J&D15 107 M 108 % 4 Ms Sch & Var ’25-’39-J&D 6 4% to 4.05 4s Canal Imp Jan 1961__ J&J 102 M 104 M 4s Canal Imp July 1961—J&J 102 H 104 M 4 Ms 1960 opt 1930___ M&S 100 M 100 M 4s Highw Imp Mar ’6 1 --M&S 102 M 104 M 4 Ms 1960____________ M&S 102 103 4s Palisade Park 1961 - . .M&S 102 M 104 M 4 Ms Mar 1 1962______M&S 102 M 103 M 4.10 4s Canal Jan 1962_______ J&J 102 H 104 M 4 Ms Mar 1 1964______ M&S 102 M 103 % 4s Highw Imp Mar '62-.M&S 102 M 104 M to 4.25 % 4Ms April 1965-----------A&O 102M 103 M 4.10 4s Canal Imp Jan 1967__ J&J 102 M 104 M 4 Ms April 1 1966_____A&O 102 M 103 M 4.10 4s Highw Imp Mar ’67_M&S 102 M 104 M 4Ms Apr 15 1972— -A&015 103M 103 M 4Ms Rap Tr & W a t’74 J&D 102M 103 M 4.75 4s Palisades Park 1967.-M&S 102 M 104 M 4s Various 1936_______ M&N g o t/ 100 4.50 4s Bldg constr ’25-’26__ M&S b 3.95 4.50 4s Bldg constr ’27-’30--_M & S b 3.95 4s Nov 1955__________ M&N 99 M 99 M 4.50 4s Bldg constr ’31-’39__ M&S b 3.80 to 3.95 4s Various 1956_______ M&N 99 M 99 M 4s Various M ay 1957-M&N 9934 100 4.50 4s Bldg constr ’40-’49__ M&S b 3.80 to 3.95 4.50 3s g Jan 1 1956_________ J&J 4s Nov 1958__________ M&N 99 100 4.50 3s g July 1 1958_________ J&J 4s May 1959_________ M&N 99 Q 100 4.40 3s g Canal Jan 1 1959____J&J 3 Ms Bklyn M Sew ’27-J&J b 3 85 to 3.95 3Ms Dock 1927 ex___M&N & 3'§5 to 4.75 Albany— 4Ms ’26-’28__ J&D 3.95 3.95 4 Ms Water 1925-34—M&N 3 Ms g exempt 1941--M &N &4.05 to 4.20 4.10 3.95 4.10 4 Ms Oct 1963________ A&O 3 Ms exempt 1942____M&N h 4 05 to 4.20 4.05 4 Ms Water 1932_____M&N 3Ms R T 1948-1950--M &N b 4 05 4.10 3.95 4.20 3Ms g exempt 1952—M&N 90 to 91 4.10 4 Ms 1926-1954_______ J&D b 3.95 to 4% 3 Ms g exempt 1953—M&N 4.10 4s Munic & Sch ’26-’63_J&J b 3.95 to 4% 90 91 3 Ms g exempt 1954--M&N 89 M 91 4s Park 1926 to '30__ M&N 4.10 3.95 3Ms g Water ex ’54—M&N 89 M 90 3Ms Pub Imp ’26-’34-.F & A 4.10 3.95 3 Ms exempt 1955____M&N 4 10 Albany Co— 3Ms st< ck Apr 1 1954-A&0 4Ms 1936-1937-1938.-M&N 4.10 3.95 89 M 3 Ms Nov 1 1929_____M&N b 3.85 to 90 4.10 Allegany Co 4Ms’32-’36_M&S 4.10 3.95 3s g R T 1950 exempt-M&N 4.10 Amherst— 4Ms 1927-30.M&S 4 to 4.15 % Niag Falls— 5 Ms ’41 -48.M&N 4Ms 1931-1933_______ M&S 4 4.10% Sewer 1935-50—J&J 4.10 4Ms l ‘ *34 I°3 7 ............. M&S 4 4MsSchool 1926_____ F&A 4.10 4Ms 1938-1955_______ M&S 4 4 Ms Wat M ayl'41-’48 M&N 4.10 Amsterdam 5s Wat 1925-’37— b 3.75 to 4.10 % 4Ms Repav ’29-33 reg.M&N 4.10 Auburn 4 Ms Dec6’25-’31 J&D b 3.75 to 4.10 % 4Ms 1925-1934______ 4 Ms Sew ’39-'46 reg—M&N 4.10 b 3.75 to 4.05 % 3 Ms 1942-1945_______ M&N 4.10 Binghamton 4s ’28&’29—F&A 3.95 North Tarrytown (5) to 4.25 % 4s Sew Disp ’26-’36__ F&A 3.95 to 4.35 % 4Ms Water 1925-45__ A&O b 4% to 4.15 4Ms 1925-1956___________ b 3.95 to 4% 4Ms Water 1946-64__ A&O to 4.30 % 4Ms 1925-1971________ var b 3.75 to 4% to 4.25 % 4s Water ’40-'45-J&J 4 Ms Park 1926-’37____J&J 3.95 Oneida— to 4.25 % 4Ms Water 1930-39____J&J 3 Ms Bridge 1935_____F&A 3.95 Oneida Co 3 Ms ’26-’28—F&A Brooklyn— d— to 4.25 % Co 3s '26-'29—J&J 4s Bridge 1926________ J&J to 3.15 % 3.95 Onondaga 5Ms 1925-1930______ M&N to 3.15 % 3 Ms g 1926 to 1937____J&J b 3.95 to 4% to 3.15 % 4Ms 1926-1926________ J&J 3 Ms gold 1936________ J&J 4 4s March 1 1929______ M&S Broome Co 5s ’26-’33__ M&S b 4% to 4.05 % to 4.20 % Ossining 4Ms 1926-42—-M&S b 4% to 4.10 Buffalo— % 4Ms June 15 1944___J&D15 Oswego— 4 Ms 1926-29--M&N 4 5Ms School 1926-46--M&N b 4% to 4.20 4 Ms June 15 1964.—J&D15 4.20 4 Penn Yan 4.35s ’25 to ’31-O ct 4Ms 1926-1968_______ J&D b 3.90 to 4% 4.50 4.10 Poughkeepsie— 4 Ms Feb 15 ’62 op ’3 2 .F&A 4.50 3 Ms 1925 to 1930____M&S 4s June 15 1926-'30__ J&D b 3.90 to 3.95 3.95 4.50 % 4Ms Water 1926-52---J&D b 4% to 4.05 4s June 15 1960______J&D 4.50 3.95 Putnam Co 4 Ms 26- ’29-F&A % 3Ms Park Reg 1927__ F&A 4.50 4.05 3 Ms Water 1925-35__ M&S b 3.75 to 3.95 3.95 Queens County 4s 1927--J&D 4.50 3.95 Rochester— 5s 1926_____F&A 4.30 Cohoes 6s R ef W at’26-’45 J&J b 4.15 to 4.40 % 3.95 5s 1927-1931 (coupon)-F&A 4.30 Corning 5Ms 1926-’6 0 -—M&S b 4.10 to 4.30 % 5s 1932-1951 (coupon)-F&A b 3.95 to 4.05 3.95 4.30 Cortland Co 4Ms ’26-’51_J&J 3.80 to 4.10 % % % 4Ms Jan 15 1933______ J&J 4.30 DelawareCo4.20s ’26-’52 A&O b 3.95 4Ms Municipal 1945—M&S 4.30 Elmira— 4s 1935_______ M&S b 4% to 4.10 4% 4 4Ms Pub Imp ’26-'48-F&A b 3.95 4Ms Water 1926-’45—A&O b 3.80 to 4.10 % 4.25 to 4% 4Ms School 1926-45__ J&J 4 Ms Apr 1 1933-1935______ 4.25 4.05 3.95 4Ms 1926-1936________ J&J 4.25 Erie Co 4 M» '26-'36tax-ex J&J 3.95 3.95 4s 1926 to 1927_______ J&J 4s 1945-1953_________ M&S 4.25 3.95| 4s Imp Sch, &c, ’26-’47-J&J 3.95 4.251 Franklin Co 4Ms ’31-’40.M&S 4.10 3 Ms R ef 1933 opt 1913-J&J b 4% to 4.05 3.95 4.15 Fulton^3.40s '26 to ’2 9 .J&D 4 Rockland Co— 4s f25-’34.M&S b 4% % to 4.30 % Garden City— to 4.10 % to 4.30 % 4Ms ’25-’38 (reg)__-F&A15 4 Ms 1926 to 1952_____J&J 4.05 Geneva— 4s Water ’26__ A&O b 4% to 4.15 4% Rome— 4 Ms Sept 15 1931.J&J b 4.10 to 4.30 % to 4.15 % Glens Falls— 4 Ms ref sewer to 4.30 % 5Ms 1931-1941-............A&O Rye 5s Mar 10 ’26-’38— -M&S b 4.10 to 4.20 % to 4.30 % Aug 31 1926-1928_____F&A 4.40 Groton 6s Wat '26-’50._M&N b 4.20 to 4.50 4.10 Saranac Lake 4M s’25-26.M&S b 4.15 to 4.30 4.15 % % Haverstraw 4.12s’26-’37 M&S 4.45s FireHouse ’26-’39.J&J to 4.15 % b 4% to 4.12 % Saratoga Co 5s 1925-1941____ b 4% to 4.10 % 4.20 Hempstead U n F S D N o l Saratoga Springs— 4.25 5Ms 1926-1929_______ J&J b 4% to 4.10 % I 4 Ms Park 1926-40____A&O b 4% . to 4.10 % 6s 1925-1930_________ 4.30 to 4.10 % Scarsdale 4Ms 1926-45__ J&D b 4% to 4.15 6s 1931-1954______________ b 4% 4.30 4.10 to 4.25 % Schenectady 5s 1926-33—J&J 4.30 Herkimer— 4Ms ’26-’27.M & N b to 4.05 b 4% % 4 4 Ms 1926-1931________A&O Hudson— 4.30 4 4 Ms High Sch ’25-’32.A & 0 b 4% to 4.10 4 Ms 1926-1934________ J&J b 4% to 4.20 % to 4.05 % 4s Oct 15 1925-44__ A&O 15 4.50 Irondequoit 5s '29-’53__ J&J b 4.15 to 4.20 % % 4.05 Irvington 4.10s ’25-’36—A&O Schenec Co 4Ms ’42-’58—J&J b 4% to 4.15 b 4% to 4.20 % % Ithaca 4.30s '27 op var__ J&J Solvay 4Ms 1926-40_____F&A b 4% to 4.25 4 to 4.25 % Somers(T) 4Ms ’26-’53--M & N 4 Ms Rer Water 1942--J&J 4.50 4.10 Steuben Co 4Ms ’28-’37-F&A b 4% to 4.05 % 4.50 Jamest’n 4s Mar 20 ’4 3 --A&O 4 4 Suffolk Co 4Ms 1926-32.-J&J 4.50 Jamestown S D 5s 1925-29— 4 4Ms Oct 1925-1939.--A&O Sea Isle City 5s 1943— 5s 1930-1939 — _______ J&D b 4% to 4.05 % 4 4 Sullivan Co— 4Ms '27-’29A&0 Sou Orange— 4s ’26 to ’ 4.35 Johnstown 4Ms Dec 1925-37_ b 4.05 to 4.10 % 4.05 4Ms Highway 1930-45-A&O Summit 4Ms Sch 19414.35 dKings Co 4s M ay 1 1926-44— b 4% to 4.10 % 3.95 Syracuse 4Ms 1925-35 Various 4.35 Kingston 3 Ms g ’26-’36—A&0 b 3.95 to 4.05 4% 4 5s M ay 15 1925-1938______ Trenton— Lockport 4 Ms 1925-1944_____ 5Ms 1925-1960......... —M&S b 4% to 4.05 % 5Ms Oct 1925-1951. 415 4M S Sch 1926-1944________ b 4% to 4.10 % 3.95 4Ms June 15 ’26-’34-J&D15 4.15 Madison O o4M s ’26-’29.Feh 1 b 4% to 4.10 % 4.05 b 4% to 4.10 % 4 Ms School 1930-604 Ms 1926-1944_______ M&N b 3.95 to 4% Mamaroneck(T)4 Ms’30-64J &J 3.95 4s June 15 1926-44—J&D15 4.15 Mamaroneck Un.F S D No 1 3.95 4s Refunding 1929____J&D 5 Ms M ay 1 ’26-'28__ M&N b 4% to 4.15 % 4.15 3.95 5 Ms M ay 1 ’29-’5 2 .—M&N b 4.15 to 4.20 % 3 Ms Water 1928--------- J&J 4.15 Union Co 4 Ms 1937. ______ 4 Tioga Co 5s 1926-1930— -M&S 4.15 Middleport 4.35s ’25-’42.J&D b 4.10 to 4.20 % b 4% to 4.15 % Tonawanda 4Ms 1926-42.J&J b 4.10 to 4.15 % 4.35s Sewer ’25-’39__ J&D b 4.10 to 4.20 % 4.05 b 3.90 to 3.95 % Middletown 3M sl931 — - F&A 4Ms Sewer 1926-1953—J&J b 4.15 to 4.20 % 5s Water 1926-1950____J&J b 4.20 to 4.25 % Monroe County—• 4 3.95 5Ms Water 1926-1950—J&J b 4.20 to 4.25 % 4s 1931-1944_________ F&A 4.15 5Ms Street impt 1931_J&J 4.20 M t Vernon 4 Ms ’31-’43—A&O b 4.05 to 4.10 % 4 4 Vailsburg— See Newark. Troy— 4 Ms 1925________ J&D 5Ms 1926-1934_______ A&O 6 4% to 4.15 % 6s 1926-1940 reg--------- A&O b 4.10 to 4.30 % 4.50 5Ms 1935-1941----------- A&O b 4.15 to 4.20 % 4.10 4 Ms School 1926-31---F & A 4.05 Westfield— 4 Ms Water 1942______ J&J b 4.10 to 4.15 % 5s June 15 1926-60.4.50 4 Ms Feb 15 1926-1957 4M s 1925-1943----------------- b 4% to 4.10 % ______ 4.10 4M s School 1962-73--M&N 4.40 4Ms 1926-1965________ J&J b 4% to 4.05 % 4.05 4 4s Sewerage 1950-55.-M&N 4s Sept 1 1926------------------4.50 4 3 Ms Water 1926-36____J&J 5s Jan 2 1926-1928— -J&J2 6 4'% to 4.10 .% 4.15 Utica— 4Ms 1926-35____M&N NEW M EXICO 3.95 5s Jan 2 1938________ J&J2 3.95 4 Ms Pub Imp ’26-'42_-A&0 b 3.95 to 4% Nassau Co— 4 Ms ’26-’29.J&J 4.05 4Ms Ref 1953 opt 1933. 4 Ms Pub Imp ’27-’45-J&J15 4.25 3.95 5s Aug 1 1928____________ _ 4 Ms Dec 16 1952 opt '22 4.50 4.05 3 Ms Nov 1 1925 to ’35-N ov 3.95 5s 1931-1939________ M&N 'm ______ 4s Fund 1939 opt 1919.. 4.25 3.95 Warsaw Union F r S D No 10— 4Ms Ref 1925-1928— M&S 4s Highway 1926-1944— b 4% to 4.25 % 4 Ms 1926-1942________ Oct b 4% to 4.20 % 4 4 Ms 1938-1943_______ J&D ______ Albuquerque 4 Ms 1929-. 4.05 Watertown 4Ms 1942____J&J 4.25 4 Ms 1925-1946______ M&S 6 3.95 to 4% 5s W W Dec 1962___ 4.55 3.95 3 Ms Court House '30.M &S 4Ms 1926-1953.........— -J&J b 4% to 4.05 % Bernalillo County— 5s 1926-1945---..........-J&J& b 4% to 4.10 % 5s 1931 opt 1921......... 4 4s M ay 1 1938----------- M&N Socorro Co 5s '41 op ’21. A&O 4 3 Ms Sewer ’26 to ’2 7 --M&N ftiBasis. d Now part o f New York City, f Flat price, n Nominal. Note.— Owing to money conditions and the demand for the shorter maturities New York State and In fact all municipal issues have been selling on a different basis for each individual maturity. Lack of space does not permit us to give the yield for each separate maturity and we are compelled, therefore, to give the range from the earliest to the farthest maturity. For instance, Albany 4M % bonds due 1925-1928, selling on a 3 to 3.75% basis, would Indicate that the 4Ms due 1925 would be on a 3% basis; the 4Ms o f 1926 on a 3M % basis; the 4Ms o f 1927 on a 3M % basis, &c. Harrison— is 1930_______ J&J Hoboken— 4Ms 1940_____J&J 3Ms 1931_____-•_____ M&N 5s School 1926-1954.-.J&J 6s Sewer June 1 1926-.J&D 6s Pav & Sewer 1926--F&A Hudson Co— 4Ms 1948—A&O 4Ms May 1 1950_____M&N 4s g Park 1959 & '5 4 --M&N 4s gold refunding 1935-F&A 4Ms July 15 ’2 6 -3 4 --J&J15 6 3.75 4Ms July 15 ’35-’74_-J&J15 b 4.10 Irvington 5s School '63--J& D Jersey City— 6s 1926----- J&D 5 Ms School 1942-1953.A&O 5Ms Dec 1 1931-1933-.J&D 4Ms School 1925-58-—J&D 4 Ms Refunding 1928__ J&J 4Ms School 1945______ J&J 4Ms Water 1961--------- A&O 4 Ms Park Mar 1961__ M&S 100 4Ms 1926_____________J&D 100 4Ms 1927-30-......... . —J&D 4Ms 1931-1963_______ J&D b 4 .10 4s Water 1932----------- ,A & 0 4s Refunding 1949------F&A Keansburg 5 Ms-----------Kearny 4 Ms 1936_______ P&A 4Ms April 1962_______ A&O 4Ms Sch Impt '26-’52_J&D Lodi— 5s 1926-1947---------J&J Long Branch 5s 1943____M&N 4s June 1 1935_______ J&D Lyndhurst 5s 1926-1957--J&J 6s Impt 1926_________ J&D Mercer Co— 4Ms 1933— J&J 3s Road 1933.............J & D 3Ms April 1941_______ A&O 6s Road&Bdge ’26-’34-F&A Middlesex Co 4 Ms ’26-’34.J&J 6s Road 1926-1931----- J&D 4Ms Fund July 1926-1939— 4Ms Road 1927-44----F&A2 4Ms Impt 1926-32------A&O 3Ms Bridge ’26 to ’31 —J&J Monmouth Co 6s 1926--M &S 4Ms 1926-1954----- M&S 15 b 4.10 Montclair 4Ms Sch 1941-A&0 4Ms High Sch Bldg '44.J&D 3 Ms School 1932______J&J Morris Co— 4s ’35 opt '05-J&J 4Ms 1942 opt 1922___ J&J Morristown 4 His '25-’42. - J&D Newark—-4Ms 1944------- F&A b 4.05 5HjS Oct 15’25 to '59 A&015 b 4.10 5s 1926-1958-.......... ...J & J 6 4.10 4Ms Dock 1959______F&A b 4.05 4Ms Apr 15 ’26-’61.A&015 6 4.05 4Ms School Dec 1 ’4 5 --J&D b 4.05 4s Sch House 1959 opt 1949 b 4% 4s Pas Val Sew’61op’51J&D b 4% 3Ms 1929_____________J&D b 4% 3 Ms Track Elev 1954-F&A b 4% Vailsburg 4Ms 1934— J&J New Brunswick— 4M sA ug 1 1926-57— F&A North Bergen 5s 1941— J&D 6s School 1925-29------M&S 6s School 1930-58------M&S North Plainfield 5s 1925-1954. Nutley 5s 1933_________ J&D Ocean City— 5s 1944------F&A Orange— 5s 1926 to 1932-J&J 5s Water 1938________ F&A 4Ms School 1943---------J&D 4s School House 1934--J&D Passaic 4 Ms 1926-40------M&S 5 Ms Gen Imp ’25-’28--J& D 5Ms Gen Imp ’29-’44--J& D 5Ms Gen Imp ’45-’51--J&D 5s Imp 1926-1948------M&N 4 Ms Refunding 1944--M&N Paterson 6s 1925 & 1926.M&N 5Ms 1927-1934----------M&N b 4.05 5 Ms 1935-1959----------M&N b 4.10 4Ms 1933 to 1944____M&N b 4 10 4Ms Feb 1 1945--------- F&A b 4.10 4s N C Hall 1926 to ’3 2 .J&J b 4% Perth Amboy 4 Ms Apr 1944— 4Ms Water 1927-29.-M&S2 b 4% 4Ms Water 1930-34.-M&S2 4 Ms Water 1935-64--M&S2 4 Ms School 1938---------------4Ms Funding 1925-27-A&O Plainfield— 4s 1926 to ’34.J&D 4s School 1959----------- M&N 4 Ms 1925-1962 various— b 3.50 Ramsey 5s Water 1925-1940 Red Bank (Borough)— 4Ms 1926-1953--------- M&N b 4% Ridgefield 5s July ’26-’31.J&J 4.30 4.25 4.25 4.25 4.25 4.25 4.25 4.25 4.25 4.25 to 4.05 % to 4.15 % 4.25 4.10 4.10 4.10 4.10 4.10 4.10 4.10 Aug., 1925.] Bonds STATE AND MUNICIPAL BONDS Bid. To Ask. Net. B onds. To Ask. Net. 53 Bonds. Bid. To Ask. Net. ! 0 0*0*O'©40*1 ^^ j 4.20 Cincinnati (Concluded)—■ OKLAHOMA Watervliet 6s 1925-30____ Var 4.40 *4 96s Sew Sep 3 ’37.M&S3 West Seneca 5s ’25-’38___A&O 4-10 436sOct 15 1925-33--A&015 6 4% to 4.15 3.95 3.65s g Feb 1 9 3 7 ---F&A 3.75 4s Funding 1926-27_____F&A 6 4% to 4.15 Westch’r Co 3 36s ’27&’28 J&D 4 336s Water ’45 op ’25-F&A 536s 1926-32 reg_____ J&D 3.75 Canadian Co 4s ’26-’31--F& A 3s Water 1939 op ’ 19-F&A 3.75 Guthrie 6s W W 1943__ A&O 5s 1939-76____________J&D ,6 4.05 to 4.10, % 5s June 1 1929-54Cine S D *436s 1934--A&013 J&D 6 4.05 to 4.10 '% 4.10 Muskogee— 436s 1925--M&N ______ 4 436s San Sew '33-’82. 4s 1936 opt 1906_____M&S 5s Sewer 1936________ M&S 3.75 ______ 4.05 336s 1940 opt 1912----A&O 3.80 Oklahoma City—1 b 3.95 to 4% 5s 1937 opt 1922______ F&A Cleveland *536s 1940-70 J&D 4.25 _ _ 3.95 5s Water 1936________ M&S 4.25 6s 1932-1933_________ J&D 3.95 436 s Sewer 1936______ F&A •536s Pub Hall 1970-.J&D 4.25 4 436s Water Works 1941-J&J *5s W W 1936-1968__ J&D b 4% to 4.20 % 4.10 4.10 Okla City S D 4s 1933__ J&J *4 96 Grad Cross ’30-’ 54 A& O ______ 4.15 *436s Paving 1929-34-J&D 5s 1926, 1930. 1931-.-V ar 4.10 ______ 4.05 4.10 Okla Co 436s ’26-’33 ---J & D 6 4 % to 436 *436s Sewer 1930-49--J&D 336s ______ 4.40 alco *436s St imp Feb 1 ’34-F&A 4.10 Okmulgee 5s Mar 15 1943____ ______ 4 *436s March 1949____M&S 4.10 Payne Co 436s ’25 to ’29-A&O 6 4% to 4'30 b 4% to 4.15 % Tulsa 536 s 1927-32_____F&A 4% to 4.10 % •436 s Fire dep ’26-’30 A&O b 4% to 4.10 % 536s July 1946_______ F&A *436s Fire Dep '31-’55-A&0 4% to 4.10 % 6 4% to 4.10 % 436s Clark Av Bdg ’4 2-A&O 536s Wat &Park ’30-’49 F&A 3.70 4 5s April 1 1926-19275s 1933-1947_________ F&A 6 436 to 4.40 4 36s Park 1938_______ A&O 3.70 b 4% to 4.15 % OREGON 436s 1926-1935_______ M&S b 3.75 to 4.05 % N O R TH CAROLINA 436s 1936-1950_______ M&S 4.10 6s Highway 1925_______ A&O 4.25 5s July 1961______________ 4s Park 1929-1931___ A&O 3.70 436s Highway '26-Apr '44 A&O 6 4% to 4.15 b 4.10 to 4.20 % 4s Grade Cross’g ’3 0 --A&O 3.70 436 s 1925-1944 (s-a)____A&O 6 4% to 4.50 b 4.10 to 4.20 % 436s H’way ’30-’35 (s a)-A&O Cleveland S D *4 36s 1925-284 ______ 4.15 4.15 436s H’way ’36-’49 (s a)-A&O *436s 1929 to 1935_____ — ______ 4.15 4s July 1 1932________ J&J 3.70 4s Highway 1925-42____A&O 6 4% to 4.15 b 4.50 to 5% 4s Highway 1926-41____A&O 6 4% to 4.15 *6s 1926-1928________ J&D b 4% to 4.10 % ______ 4.40 *6s 1929 to 1935_____J&D 4.10 4s Aug 1 1928-1933_____F&A 6 4% to 4.15 4.40 Cleveland Heights S D Albany 5s ref ’31 opt ’21-A&O to 4.50 % Astoria 5s 1953_________ J&D *6s 1926-1959________ A&O b 4.25 to 4% to 4.45 % 536 s Street 1926-36Columbus *6s 1949-57-.M&S 536s 1926-1949-........... -J&J 436 to 4.30 % 5s St Impt 1926-1932-M&S b 4% to 4.10 % Baker City 5s 1934_____M&S to 4.40 % 4s Sewer ’33 opt ’ 13-.M & S 3.70 Clatsop County 5s 1934-A&O to 4.45 % '4s Wat W '45 op '20--M&S 3.70 Columbia Co 5s ’29-’34-A& 0 4.35 336s 1932 opt 1912___ J&J 3.80 Dalles City 5s ’25-’26__ M&N 6 4.70 to 5% b 4.40 to 4.60 Columbus S D 4s 1926--M&S Eugene 5s 1942________ M&S 4 4%20 *5s 1943-1952______ J&D19 4.20 Multonomah Co 436s ’32-J&D 6 4.10 to 4.25 b 4% to 4.30 % 436s Bridge 1931-1944-J&D Cuyahoga Co *6s ’25-’39.A & 0 b 4% to 4.25 % b 4% to 4.25 % 4s Bridge 1945-1955---J&D, *5s Bridge 1925-27— A&O b 4% to 4.25 % b 4% to 4.25 % 5s Road 1926-1929__ M&N 6 4.25 to 4.80 *5s R ef 1926-1932__ A&O 4.20 4 *5s R ef 1932-1939___ A&O 4.25i Multnomah Co S D No 1— 4.20 436s July 15 ’28-’39-J&J15 b 4.05 to 4.15 4s Ref 1925 to 1926— A&O 4 4.25 4s July 15 ’40-’45____J&J15 4s 1925-1941_________ A&O b 3.70 to 4% 4.25 •Dayton— 5s 1926-32-.-M & N 4.10 Portland— 4.40 536s Aug 1928_______ F&A b 4% to 4.20 *6s Gen fund 1928__ A&O 4.10 b 4% to 4.40 % 5s Harb Dev 1925-50-M&N b 4% to 4.20 *536s W W Imp 1944--J&D 4 25 b 4% to 4.45 % 436s Dock 1943______ M&N b 4.10 to 4.25 *5s W W Imp 1945__ F&A 4.20 b 4% to 4.40 % *436s W W Imp 1940--J&D 436sOct 1925-47-.........A&O b 4.10 to 4.25 4.10 4.40 4s Water 1937_______ M&N b 4.10 to 4.25 4.10 *436s Bdge 1933-39--A&0 4.35 Dayton S D 536s ’41-’61 M&S Greensboro4s Water 1936-1955---M&N b 4.10 to 4.25 4.25 4.40 5s Aug 1 Pt of Astoria 5s Har ’26-29J&J 4% to 4.20 *5s Mar 16 ’26-’46--M&S16 b 4.10 to 4.25 % 434s 1921 5s Refg 1955__________ J&J East Cleve »5s 1926-29. .A&O 4% to 4.20 b 4.30 to 4.35 % 4.25 Pt of Coos Bay Harbor 5s____ *5s St Impt 1930-35. - -A&O 4.35 East Liverpool— 4s 1940-J&J 3.80 Port of Portland— 4.7o Elyria 4s 1925 to 1938--J&D b 3.80 to 4% 4s Dry Dock 1934_____J&J 4.45 4.25 Salem— 5s Sewer ’26-’33 M&N 5s W W 1929-1946___ J&J b 4.35 to 4.40 % 4.30 •Findlay City S D 5s '26-'27 J&J 4 40 Fostoria *5s W W ’26-’40 M&S ______ PENNSYLVANIA 4.60 4.60 Franklin Co *5s ’26-’29--M&S Lee Co 5s Road 1952---M &N 4.20 5s July 1 1951 Series C --J& J 11736 118 4.60 Lincoln Co 5s 1943 & ’48-J&J 436s July 1929, 1934. 1939. 4% to 4.30 % *5 36s Hos & Bge ’26-’35 F&A 4.60 5s Bridge 1937-1951 — -F&A 1944, 1949.......... J&J b 3.85 to 3.95 6s Rd M ay 2 ’27-'31-M&N2 4% to 4.30 % Mecklenburg Co— Hamilton Co *4Ms 1943-F&A 4.25 4s Highway 1930, '32, ’35, 4.75 6s R ef N ov 1950.........M&N ’37, ’40. ’42, ’45, ’47. ’50, ’52 b 3.85 to 4% 436s Oct 1 1939______A&O 4.25 4 Pitt Co 5s 1926-36_____M&N Allegheny— 4s 1927______ J&J b 3.95 to 47, 4 436s Sewer 1926-’28 4.45 9936 10036 4s Street Impt 1937_M&N 434s 1943-1947______ M&S 4.20 436s Sewer 1929-’45 4.50 5s Fund June 1959____J&J 336s 1925 to 1931___ A&O b 3.95 to 4.05 3.70 4s O H J’ne '36 op '16-J&D 4.20 Ironton *4 36s W w '3 6 .J&D Raleigh 5s 1927________ A&O 4.50 Allegheny Co 436s '43--M & N b 3.95 to 4.05 4.40 Lakewood 436s 1925____A&O 4s Road 1939________ A&O 9936 10036 5s Munic Bldg 1939-—J&J 4 4.45 4s Bridge 1942_______ F&A 5s Impt June 1 1944--J&D 9936 10036 4% to 4.30 % 436s 1926-1939_______ A&O 336s 1932 opt 19 22.--M&N b 3.95 to 4% Rutherford Co 5s ,26-’52-J&J b 4.10 to 4.35 % *436s Oct 1945_______ A&O 4.35 99 100 Salisbury 6s Impt '26-’35-J&J b 4.15 to 4.65 % Altoona— 4s '34 opt '14--J& J *5s Park & Imp ’25-’41 A&O b 4% to 4.40 % 100 4s Ref 1936 opt 19 16---J&J 99 6s 1925-1941_________ M&N b 4% to 4.80 % •Lawrence Co 5s 1934--M&S b 4.40 99 100 Surrey Co 6s M ay 1933-1958- b 4.50 to 4.80 4s Highway ’37 opt ’32-J&J 4 Lima 4s Sewer 1925_____A&O 4.40 Altoona S D 4s '26 to '3 5 -A&O 99 100 Wake Co 5s Fund '48____J&J to 4.50 % 536 s Sewer 1925-1947______ 4.85 Weldon 6s Jan 1926-1942 4.40 Bethlehem S D 536s 1925, *5s Sewer Feb 15 ’27-’ 51 — Wilmington— '30. ’35, ’40, ’45, ’50--J& D b 3.95 to 4.05 to 4.50 % *436s Oct ’25-Oct ’30 -A&O 4.40 5s R ef & impt 1955— A&O Braddock 436® '26-’44--M & N b 3.95 to 4-05 4 336s Ref ’30 opt ’25__ A&O 434s 1925-1962_______ A&O b 4% to 4.40 % 4s 1925 to 1935______ M&N b 3.95 to 4.05 Lorain 5s 1926 to 1932__ J&J b 4% to 4.30 % 4.35 434s g Wat & Sew '48-A & 0 Cambria Co 436 s ’25-’45_____ b 4% to 4.05 *5s W W Ref ’25-’27--M & S b 4% to 4.40 % 4.35 Chester— 336s 1929______ J&J b 3.95 to 4.05 434s Wat & Sew 1952—J&J *6s Fd Sep 1 5 ’25-’28M&Sl5 & 4% to 4.50 % 4.25 Lucas Co 4s C-H 1944--M &S 4s '37 opt ’ 17 tax-exemp J&J b 3.95 to 4.05 4s g Ref July 1 1929— -J&J 3.70 Wilson— 494s ’27 -29____F&A b 4.35 to A . 40 % 4 36s 1935-40................... J&J b 3.95 to 4.05 436sW&SSepl0’26-30M&Sl0 b 3.75 to 4% 4.50 Chester S D 436s ’32-’37-’4 2 -- b 3.95 to 4.05 494s 1930-1931.............F&A 4 36sW&SSepl0’31-35M&Sl0 b 4.05 to 4.10 % 4.60 434s 1932-1944........... .F&A 4.25 Easton— 336 s 1928_____A&O b 3.95 to 4.05 •536s Wat Sup ’26-’30 M&S 4.65 Madisonville (in Cincinnati) Erie— 4 36s Sch 1926-39-A&O b 3.95 to 4.05 494s 1945-1957............F & A Winston-Salem— 3.90 436s R ef 1934 opt ’2 4 --J&J b 3.95 to 4.05 5s 1932 opt 1922______ J&J 4.50 Erie S D 4s 1926-38.........F&A b 3.35 to 4.05 5s 1927-32________ . — J&J b 4.10 to 4.30 % Marietta— *436s ’26-’33-J&D 4.35 3.90 5s 1933-36_____________J&J 4 36s 1925-1937_______ A&O b 3.95 to 4.05 336s 1931 opt 1911____F&A 4.35 Martin’s Fy 5s ’26-’44--M & S 4.60 436s Jan 1 1936-1946______ b 3.95 to 4.05 5s gen Impt 1944______J&J Fayette Co 4s Road '26-A & 0 b 3.95 to 4.05 5s Sept 1925-1947____M&S b 4% to 4.35, % Miami Conservancy Dist— 4.35 434s July 1 1942______ J&J 4s Road 1936________ A&O b 3.95 to 4.05 536s (1 to 5 yr mat’y).J& D b 4% to 4.40 % ,4.35 434s July 1 1952______ J&J 4.40 Harrisburg— 536s (5 to 10 yr mat’y).J& D 4.45 434s 1927-32__________ J&J b 4.05 to 4.20 % 4s Aug 31 1926-32____M&S b 3.95 to 4% 536s (after 10 years)__ J&D to 4.35,% 6 4.25 4s Pub Imp ’26 to ’36-M&S b 3.95 to 4% 3.80 434s 1933-73__________ J&J Middletown 4s '30 op '20 F&A 6s Imp Aug 15’25-30 F&A15 b 4% to 4.35 % Montgomery County—1 4s M ay 15 1926-1953........... b 3.95 to 4% N OR TH DAKOTA Johnstown—• *5s FI Emerg ’26-’42--J& D 6 4% to 4.25 % 5s Farm Loan 1935, 1940, 1945 436s 1925 and 1930........... .. b 3.95 to 4.05 Newark *436s 1926-41--A& O 6 4% to 4.25 % 4s Building 1930 op t.-M & S b 3.95 to 4.05 and 1950______________ J&J b 434 to 496 % 3.80 Norwood 4s 1930_______ A&O Lackawanna Co 4s 1944-F&A b 3.95 to 4% 4 534s 1945 & 1948 ser C „ .J & J b 4.30 to 436 % Portsmouth—4s ’25-’24-J&D Lancaster 3s '38 opt ’28-A&O b 3.95 to 4% 534s July 1928-1933..........J&J 6 4.40 to 4.60 % 6s Sewer 1927-36_____J&J 6 4.20 to 4.35 % 4.65 Sandusky 5s 1926_______ F&A 4 Grand Forks 5s—M ay ’26-’38 3 36s Sewer 1934______ M&S b 3.95 to 4% OHIO (See foot-note *) Lancaster S D 4s M ay 1945 b 3.95 to 4% Springfield— *5s 1925-1934-- 6 4% to 4.30 % 494s 1926-1932........ A&O b 4% to 4.30 LowerMerionTwp4s 4 36s .4 36s b 3.95 to 4% 436s 1926-1930_______ M&S 6 3.75 to 4% •Akron 6s 1925-1940___ A&O b 4 % to 4.30 3.90 M cK ’p ’t S D 4 36s, ’26-’43 M&N b 3.95 to 4.05 436s 1931-1935_______ M&S 4 •5s 1925 & 1928______ Var. b 4% to 4.10 % Mercer Co 536s ’26-’47--F & A b 3.95 to 4.10 4s 1925______________M&S •5s Water 1925-1953-A&0 b 4% to 4.25 % Norristown S D 436s ’43-J&J b 3.95 to 4.05 Springf’d S D *5s ’26-’39 J&J2 6 4% to 436 *534s 1926-1929...........J&J b 4% to 4.15 % Philadelphia— 4s 1937____J&J 10036 10036 Steubenville *5s ’26-’35-M&S 6 4% to 4.40 % 4.25 Summit Co 5s ’27-’30__ A&O 4.25 5s Jan 1951____________J&J •534 1930-1937............. J&J 4.25 4 5s Road Imp ’26 & ’27-A & 0 436s M ay 1948-,_______ J&J 10636 10736 •534s 1938-1951_______ J&J 4.10 494s 1925-1947-...........A&O b 4% to 4.25 % 5s Road Imp ’28-’35 --A & 0 436s Nov 1 1948_______ J&J 10636 10736 4.25 4s July 1939 ___________J&J 10036 10036 *4 94s 1936-1955______ A&O 436s 1925-1937___________ 6 4% to 4.30 % 4.10 Toledo *5s W W ’37-’44-F&A 4s July 1942 ___________J&J 10036 10036 •434W W Dec31’25-37 -JD31 b 4% to 4.20 % 3.75 4s W W 1942_________ A&O 4s Jan 1 1946-..............-J&J 10036 10036 5s Sept 1925-42______ M&S 6 4% to 4.20 % Alliance 434s 1927-32. . -J&D b 3.75 to 4% 4.25 *6s Gen Fund 1929__ F&A 4s Feb 16 1955________ J&J 1003i 10036 4.25 *6s Pub Wharf 1960--M&S *5s Water Dec 15 1926-50- b 4.10 to 4.25 % 4s N ov 1 1966_________ J&J 10036 10036 Ashland— 4.15 *5s Sewer 1949______ M&S 4s July 26 1972________ J&J 10036 10036 3 36s July 1932 ________ J&J 3.90 4.10 •534 W W Im p ’25-’44 A&O b 4.60 to 4.10 % *4 36s Sept 1 1928____M&S Butler Co— 4.10 336s July 1 19 34--......... J&J 3.90 •436s Wat 1932-34___ J&J 4.25 •434s Fl-Bmer’26-’31-M&N 436s Bdg ’28. ’33 & ’38-F&A 4 37 5 Phila S D 436s ’26-’43____J&J 4.50 Cambridge— 434s ’26-’34.J&J 3.70 4s Park July 1 1942__ J&J 4s 1926-1942___________J&J 10036 10036 4.50 •5s Sewer 1953______ M&S 336s Refund'g 1930--M&N 3.80 Pittsburgh— 436s ’26-'50 J&D b 3.95 to 4.05 % *' 4.50 Toledo Sch Dist 4s 1925 *5s Sewer 1931-37____M&S 4s M ay ’26 opt ’ 10-’22 M&N b 3.95 to 4.05 % 4 4.25 Canton— *5s Sew 1953..M & S 4s 1926-1929 4 4s 1926 to 1927-........... M&N b 3.95 to 4.05 % •534s Fund 1925-37— J&D b 4% to 4.25 % *436s 1926-1930______A&O b 4.05 te 4.20 % 4s 1926 to 1939________ J&J b 3.95 to 4.05 4.30 •6s Water 1944-1959.-A&O *4 36s 1931-1950______A&O b 4.05 to 4.20 % 436s ’26-’38 taxable.-M&N b 3.95 to 4.05 396 434s Water-Wks ’30--M & S 6s 1925-1930________ M&N b 4% to 4.30 % 3 36s Apr '26 to '30__ A&O b 3.95 to 4.05 4s 1926 & 1927_______ F&A b 3.90 to 4.10 % 6s 1931-1960________ M&N b 4.30 to 4.50 % Pittsb S D 436s ’26-’27___J&J b 4% to 4.10 1 4.30 Warren Co 5s 1929-34--M&S b 4% to 4.25 % •Canton S D 5s 1954..A & 08 Reading— 4s '26 to '2 8 --A&O b 3.95 to 4% 4 •5s Dec 10 ’25-’26.J&D10 Youngstown *5s 1925__ A&O 4 4s 1925-1928_________ M&S b 3.95 to 4% 4.25 •434s Dec 5 1939-42..J&D *6s Fund 1928_______ A&O 4-20 4s 1926 and 1931__________ b 3.95 to 4% 4.30 •4.40s 1956........................... 6s Bdge 1932-41______A&O 4.30 Scranton 4 36s •’26-’41__ F&A b 3.95 to 4.05 Cincinnati— *5s Police Bdg & St ’25-’32 6 4% to 4.25 % 5s 1926-1950.......... F&A b 3.95 to 4.05 4 •6s Funding 1928____F&A *4 36s 1925-1957...........A&O 6 4% to 4.20 % 4s 1926-1937_________ M&S b 3.95 to 4.05 4.15 Youngstown School Dist— •594s Imp Mar 1941.-M&S 4s 1926-’30-’35_______ A&O b 3.95 to 4.05 4.15 •594s Impt Feb ’46, ’51 F&A *4 36s 1944-1947..........M&S 4.25 Scran ton S D 4s ’26-’28-’33 A&O b 3.95 to 4.05 4.15 •534s Mar 10 ’3 1 .—M&S10 *5s 1925-1944________ M&S 6 4% to 4.35 % 3 36s 1926-1932_______ F&A b 3.95 to 4.05 4.15 Zanesville— *5s City Hall & •5s July 1 1965________ J&J TTniontown 4s ’28 tax-ex M&N b 4% to 4.10 4.10 Wash:n Co 436s ’26-’34--M&S b 4% to 4.10 Market 1925-39______M&S b 4% to 4.25 % *434s July 1943..........J&J 4.10 Zanesville S D 5s ’25-’43-A & 0 6 4% to 4.40 % *4 34s Sewer 1955_____A&O 4s 1926-1933____ M&N b 4% to 4.10 • Subject to taxation. By an amendment to the constitution of Ohio adopted Sept. 3 1912, bonds issued after Jan. 1 1913 by municipalities In that State are subject to taxation. Bonds issued prior to Jan. 1 1913 are exempt from taxation. b Basis. /F ia t price, n Nominal. I [Vol 121, STATE AND MUNICIPAL BONDS 54 B onds Wilkes-Barre 3 Ms’26-’29-F&A 4s 1926 to 1935________ J&J 4Ms Imp ser I ’25-’38-A & 0 4Ms 1931-1940________ J&J 4Ms Impt 1940-1945--J&J Wmsport 3 Ms ’29op’09-M&S York 4Ms 1926-1943___ F&A York Co 3Ms ’25-’3 2 -„M & N Bid. 4% 4% 4% 4% 4% 3.95 3.95 3.95 RHODE ISLAND 4s Charit Inst 1965_____M&S 3Ms gold S H 1934........ -J&J Bristol— 3Ms g 1930___ M&S Cent Falls 4s ’26-’30___ F&A N Prov’ce 4s J-ne 15 ’47-J&D Johnston 4Ms 1930, 1935, 1940_________________ M&N Lincoln— 4s 1928_______ A&O Newport— 4Ms ’26-’39--M&S 534s June 1 1926-1958_____ 4Ms M ay 1926-42___ M&N 4Ms Mar 1926-35_____M&S 4s gold 1927__________ F&A 4s M ay 15 1948______M&N 334s g High Sch 1954-J&D Pawtucket— 434s 1950__ J&J 434s Sewer 1952______J&D 4Ms School 1954.........M&N 4s Water 1937_______ M&N Providence 4s 1927_____A&O 4s Jan 1 1945_________ J&J 4s Oct 1 1954_________ A&O 4s July 1956__________ J&J 4s M ay 1962....... M&N 4s Water 1962________ J&D 4s Oct 1 1964_________ A&O 334s Sch & Br 1929-.-M &N 3s Sew & Impt 1929-.M&N Westerly— 4s 1927______M&S' 334s Water Feb 1929--F&A Woonsocket 434s Fd ’41-J&D 6s Fund 1926-1935__ M&N 6s Fund 1936-1961__ M&N 434 s Funding 1944__ M&N 434s June 1926-1957--J&D 5s Funded 1926-1959--A&O 4s Funding 1947______A&O 334s Wat May 1 ’31--M &N 10034 96 96 9834 9534 101M 9834 10134 11334 100 100 9934 9834 89 103 M 10334 99 M 97 M 9934 9834 9834 9834 9834 9834 9834 9734 95 M 9934 9634 102 10734 12034 102 M 99 10734 9534 9534 SOUTH CAROLINA 434? Blue 1928__________ J&J 4s Refund 1952 opt 1932--J&J Charleston—434 s 1928--A&O 434s Jan 1962_________ J&J 4s Sewer 1929________ A&O 4s Refg '38 (tax-exem)_J&J Charleston Co 6s 1937__ J&J Cheraw 5s ’52 opt ’3 2 .-July 1 Clarendon Co— 6s M ay 15 ’36-’40-.M&N15 Columbia 5s Ref 1941__ M&S 434s Water 1945______J&J Greenville— 5s St 1942__ J&J 5s Water 1958opt '38-F&A Greenville Co 434s’40-’55-J&J Lancaster S D— 5s 1941--J&J 6s July 1946__________ J&J Richland Co 5s 1933_____J&J Rock Hill 5s 1951 opt '31-J&J Spartanburg 434s 1935--A& 0 434s Water 1930-1939--J&J 434s Water 1940-1965-J&J 5s Sept 1 1939_______ 5s N ov 1 1943_______ Spartanburg County— 434s 1926-1927_______ M&N b 4% Sumter Co— 5s Road & Bdge ’28-’52-J&J 6 4.50 York Co— 4 Ms Rd & Bdge ’26-’50-J&J b 4.10 SOUTH DAKOTA 6s Rural Credit ’33-’4 0 --A & 0 6s Sept 1941___________ M&S 5s Mar 15 1931-35---M&S15 5s June 1 1926-39_______ J&D 5s Highway 1925-28____ A&O 5s Jan 15 1934-40____J&J15 5Ms Jan 15 1943-.---J& J15 4Ms Rural Credit 1939--J&J Aberdeen 434s Sewer '32-J&J Sioux Falls 5s 1931______ J&D Sioux Falls S D 5s 1935--A&O 534s Dec 1 1940_______ J&D TENNESSEE 434s July 1 1926-67_____J&J b 4.05 434s Ref 1926-55_______ J&J b 4.05 434 s 1938-55_____________ J&J b 4.05 4s Ref 1926-55__________ J&J b 4% 4s 1932-53_______ , ______ J&J b 4% Blount Co 5s 1926, 1931, 1936, 1941, 1951______ J&J Chattanooga 434s 1937__ J&J 5Ms Ref Apr 15 ’51-A&015 5s Audit 1927-32____M&N 4Ms M ay 1952_______ M&N 434s Park 1942_______ M&N 434s Dec 30 1941---J&D30 Cocke Co Rd & Bdge— 1929, ’34, ’3 9 _______ M&N Cumberland Co 5s 1956--J&J Davidson Co 434s '37 op.F& A Dyer County 4 Ms 1955______ Grainger Co 5s 1940____F&A Hamilton Co 5s 1935____A&O 5s April 1945_________ A&O 434s C H & Jail 1942-.A& 0 434s Bdge & Sch 1947-A&0 Knox Co 5s 1930-45_________ Knoxville 5s 1940______M&N 6s Wat Ref 1926-46---M&S 534s Fund 1950-.........M&S 5s Dec 1930_________ 4 Ms July 1 1936-48.434s Funded, &c., 1937 J&D 434s Water-wks 1949--J&J 4 Ms June 1 1929______J&D 4s June 1 1929________ J&D Memphis 5s July 1954__ J&J 5s River Term ’26-’48-A & 0 b 4% 5s Audit M kt ’26-’49--J& J b 4% 434s Refunding 1939__ J&J 434s St Impt &c 1946--F&A 434s Park 1947............. J&J 4Ms Street 1947...........M&S 434s 1950_____________J&J 434s Park 1959............. A&O 4s Water 1933_______ M&N Memphis 8 D 434s 1959--J&J b Basis. / Flat price. nfNominal. To Ask. Net. B onds. Bid. To Ask. Net. B onds. Bid. Ask. To _ Newport News 4Ms ’48-J&D Nashville— 6s April 1926-1942____A&O b 4.25 to 4.50 % 4Ms Feb 1953------------- F&A 4s Street N ov 1 1941 - -M &N 5s March 1926-1960--M&S b 4.50 to 4.60 % _ 5s March 1933_______ M&S 4.50 Norfolk— 6s Oct 1 1950--A&O 5 Ms School Oct 1 ’5 1 --A&O 5s School 1926-1945---J&D b 4.25 to 4.50 % ______ 5s Municipal 1949____F&A 4.40 4Ms Street 1935______J&J 5s Municipal 1969------F&A 4.40 4Ms High Sch 1940____J&J -----4Ms Munic Impt ’42-M &S 4.20 4s Water 1928-------------J&J 4Ms Renew Apr 1 ’41-A & 0 Polk Co 5s 1927-46...........J&D 4.60 Putnam Co 4Ms 1941--July 1 4Ms Im p July 1940— J&J 4.60 -----4s Impt March 1936--M&S 4.40 Robertson Co 4s’41op’31-J&J 4.40 Petersburg 4Ms 1952— A&O Shelby Co— 4Ms Sch ’41-J&J - - .- - 4Ms Munic 1933-’57--J& D 4.45 Portsmouth— 4Ms 1940-F&A -----4.40 5Ms Aug 1 1951______ F&A 4s Court House 1955--J&J -----4Ms Imp Oct 1 1942--A&O 4.50 5s School 1929, 1939, 1949 ______ 4Ms Sch & Sew 1938--J&J _ TEXAS 4Ms 1930-1940________ J&J -Austin 5s 1926-1942_____J&J b 4.50 to 4.70 % 4Ms 1941-1954________ J&J ______ 5s Water 1948________ J&D 4.70 5s SchBig&Hos ’52op’32J&J 4.70 6s Refunding 1928------- J&J 4M % R ef 1926-1946---J&J 4.50 Richmond— 6s 1926-29__ J&J b 4% to 4.15 Beaumont 5s ’52 op '3 2 --A&O 5s Water Works1954-M&S 6s July 1 1930-------------- J&J 101 4.50 ______ 4Ms Pub Imp 1949------J&J 101 5s 1926 & 1927_______ A&O b 4.10 to 4.20 % ______ 4 Ms St & Pk Rd Sept '29-J&J 5s 1928-1930_________ A&O b 4.25 to 4.35 _____ 5s 1931-1939_________ A&O b 4.40 to 4.50 1 4Ms 1958 ------------------- J&J 99 90 5s 1940-1965-............... A&O b 4.55 to 4.60 % 4s 1926 to 1930________ J&J b 4% to 4.10 4.60 4s 1942 opt 1922______ J&D 4s 1938 to 1943________ J&J 5.25 Cisco 6s Fund 1949-62--F&A5 4s 1 9 4 1 _______________ J&J -----4.90 4s Elec Light 1942------- J&J Cleburne 5s W W ’52op’32 J&J 4.20 Dallas— 5s 1931________ J&D 4s 1943 _______________ J&J 4.15 Roanoke 4Ms R ef 1936__ J&J 5s g Aug 1928-------------F&A ______ 4Ms Street Impt M ay 1940 5s 1926-1960________ M&N b ’4% to 4.30 % _____ 4 Ms Pub Bldg 1941--M&N 4 Ms Sch 1926-1952---M & N b 4% to 4.25 % 4 Ms Pub Bldg 1944.-M&N 4Ms 1928, 1938, 1939, 1942, 4 Ms Apr 1952________ A&O 1943, 1944, 1945____J&J b 4% to 4.25 % • -----4s Street Impt 1936____J&J 4 Ms 1926-’30________ M&N b 3.50 to 4% 4 Ms 1931-45________ M&N b 4.05 to 4.20 % Stafford Co 5s 1942______ J&J Staunton— 4Ms 1946-’65________ M&N 64.15 0 4.25 % 4 5s W W 1929-58______ M&S b 4.40 to 4.50 4s School 1926-1951---J&J 4.35 Tazewell Co 5s 1926-46---J&J b 4 15 to 4.60 Dallas Co4 MsSeptl 0’51 AprlO 5s Viad't & Bridge Feb 10 W ASH INGTON 5 1954 opt 1924___ Apr 10 4.45 6s Gen Fund 1926-1940--J&J b 4% to 4.10 ElPaso 5s WWPurch’50-A&O 4.40 5Ms Feb 1 1931________ F&A 106 M 107 M 5s Fund 1951 opt '3 1 --M&S 4.40 Aberdeen 5 Ms ’ 25-’31— J&D 5s School 1955 opt ’3 5 --J&J 4.45 Bellingham 5s 1926------- A&O 5s Impt Aug 1 1948__ F&A 4.40 Clarke Co 5s '35 opt ’25-Jan 1 Fort Worth 5s 1951_____A&O 4.35 Everett 5s July 15 1931--J&J 5s 1929-1934--............J& D 5s June 1936---------------J&D 4.40 5s 1935-1959_________ J&D 5 Ms Water 1934-1938-M&S 4.40 4 Ms Stlmp’48 op aft’28 J&J 4.40 King Co— 5s 1928______M&S 4Ms Sch’49 op aft '29-J&D 4.30 5s Court House ’33 opt May 4s Refunding 1941____J&J 4.10 Galveston—5s Road 1935__________F&A 4.10 4.75 5s Lim debt 1932-1936-J&J 4Ms Harb opt ’25-’30 N ovi b 4.65 to 4.80 % 4.15 5s Grade Rais 1944__ A&O 4.75 Lewis Co 5s 1926-32------M&S b 4.85 to 5% 4.35 5s School 1925-1954.-M&S 4.75 Pacific Co 4 Ms July 1 '28-’36 4.30 4.75 Pierce Co 5s ref ’25 op ’ 15 A&O 5s 1926-1956_________ A&O b 4.60 to 4.70 4.30 4.75 5s Sept 1 1928-37-----“ 4Ms Grad, &c, ’48op'28 J&J 4.70 4.75 4Ms Grad,&c,'49 op’29A&0 4.85 Galveston County— 4.90 4Ms Jan 1926-1955___ J&J 5s Bd Apr 10 ’51op’31 A&O 4.75| GrimesCo 5Ms’26-’27 A&O10 5 eattle— 5s 1926-1930___ J&J 4.40! 5 6s L & P Sys 1927-41--A&0 5Ms Road ’28-’ 29 ---A & 0 10 4.40| 5Ms Road 1930-’54_A&O10 5 4.40 Harris Co 4s ’47 op ’ 17 A&O 4.80 4.40 Houston— 4.35 5s Sew Nov 15 1939--M&N 4.40 5 4Ms 1928-1932_______A&O b 4.15 to 4.20 5s Ref Oct 16 ’41op’31-A & 0 4.40 5.10 5s Mun Imp ’26-’36__ F&A 6 4.45 to 4.65 % 4Ms 1933-1940_______A&O 4.35 b 4.10 to 4.20 4Ms Sept 1925-1952--M &N 6 4.45 to 4.65 % 4.85 4.20 4Ms Oct 26 '28 op ’28-A & 0 4.35 Palestine 5s Sch Aug 1 1929, Seattle School Dist N o. 1— 4.35 4.35 4.70 4 Ms Mar ’26 to ’31__ M<S ’34, ’39. ’44, ’49, ’54, ’59, ’64 98 4.40 Port Arthur 5s 1925-56--M &S 4.75 4s 1946-1950________ M&N 4.40 San Antonio— 5s ’25-’53-M&S 6 4.25 to 4.40 % 5" 4.25 4.40 Spokane 5s Park 1927-5Ms W W 1926-’35___M&N 6 4% to 4.40 % 4.15 5Ms W W 1936-’65___M&N 6 4.40 to 4.50 % 4.15 to 4.10 % 5s Sept 1925-1953____M&S 6 4.25 to 4.40 % 4.15 6 4.25 to 4.40 % 5s Sept 1931-1959______ 4.40 to 4.60 % 6 4.25 to 4.40 % 5s St Imp Dist No 2 1943 4.40 4.50 San Antonio S D 5s ’56--F&A 5 to 4-50 % 4.40 Waco—-5s Nov 1 1934--M&N 4.75 4.40 5s Sewer 1937________ J&J 4.75 4.40 5s Water-Works 1942--J&J 4.75 4.50 4.40 4s Jan 1 1931 4.50 Wichita Falls 6s 1950__ M&N 4.75 5.15 3 Ms Jan 1 1939_______ 4.40 4.75 5Ms 1925-1940______M&N 4.40 WEST V IR G IN IA 5s Feb 10 1960____ F&A10 5 b 4.05 to 4.20 % 4.40 UNITED STATES— See 16 &48 4.05 4.50 UTAH. 4.25 4.50 5Ms April 1 1941________ J&J 4.10 4.50 5s Capitol Bldg 1934_____J&J b 4% to 4.40 % 4.10 4.70 4Ms Capitol Bldg 1934--A&O 6 4% to 4.45 % 4.05 4.30 4.50 4Ms Road 1939_________ J&J 4.05 4.65 4Ms July 1 1939________ J&J 4.05 Hancock County—-5s I______ 4.80 4.65 4s Capitol Bldg 1934___ J&J 4.05| • 4.30 4.25 Box Elder Co 4MsSch’32 F&A b 4.30 to 4.40 % 4.20 Ogden— 4 Ms 1929_______ J&J 4.15 to 4.30 % 4.20 Martinsburg 5s ’43 op ’29 D ecl 4 M% 1926-1945__________ A T o t i o o h C o * A A ’ 0.4 A V t L 11 C 4.50 to 4.30 % 4 Ms Refunding 1932--J&D 4.20 4.35 to 4.30 % 4Ms Ref Wat 1933---M &N 4.20 4.35 to 4.25 % Salt Lake City— b 4.20 to 4.25 % to 4.25 % 5s Ref 1925-1928_____M&S 6 4.10 to 4.25 % b 4% to 4.15 % 5s Refunding 1941_____J&J 6 4.10 to 4.25 % 4.75 4Ms M ay 1 1934_____M&N 6 4.10 to 4.20 % 4.40 W ISCONSIN 4 Ms refunding 1934--M&N 6 4.10 to 4 20 % 4.40 4.10 4s Ref 1926-1929_____ A&O 99M 100 4.40 4.10 4s R ef 1930-1935_____ A&O 98 M 99 M 4.40 4.10 4s R ef 1936-1945_____ A&O 98 99 M 4.40 4.50 4s R ef 1946-1965_____ A&O 97 M 99 4.40 Salt Lake City S D 4s ’30-J&J 4.80 — 4.25 4.80 4.25 6s W W 1936-19604Ms Feb 1 1932______F&A 4.80 b 4.40 to 4.50 % 4.25 ' ' s Aug 1 1933______ F&A 4Ms 4.90 Salt L Co 4 Ms ’26 op ’ 16 F&A 4.25 4.25 ______ 4.50 4.25 VERMONT. 4.50 4Ms Oct 1 1925-1949— A&O 4.05 4.50 Middlebury 4s ’41op’21-M&N 4.10 98 Marshfield 4 Ms ’26-’3 2 -. 4.50 4.10 V IRGIN IA 4.50 6s deferred ctfs 1871_____J&J 4.10 4.40 ______ Brown Bros certificates.. 4.10 4.40 3s “ Riddleberger” 1932 opt 4.10 4.45 ______ 3.90 4.10 1900 __________________J&J 4.50 3s Funded debt 1991___ J&J 3.90 4.10 4.50 Albemarle Co 5s 1948____J&J1 4.50 4.10 4.50 Arlington Co— 4.10 4.30 b 4.10 to 4.20 % 5Ms Sch Bldg ’32-'54-F&A 4.60 4.50 Bristol 5Ms Sch ’34-’53______ b 4.10 to 4.15 % 4.80 Oshkosh 4 Ms 1926-34-4.40 Charlottesville 5s 1962--M&S 4.50 Racine 4 Ms R ef ’26-’30. 4.05 4.40 4.50 5s Water Impt 1958__ J&J 6s 4.10 100.55 4.10 Danville— 4s Refg 1931--J& J 4.30 Racine Co 6s 1930-19404.20 4.60 ______ 4Ms Ref Aug 1942___ F&A 4.35 4.10 4.35 4.25 to 4.30 % 4Ms July 1 1939-1950--J&J 4 ______ to 4.35 4% to 4.25 5s Wat Imp 1926-28--- J&D 4.15 ______ to 4.35 Fairfax Co 4 Ms 1945--F&A2 460 4.15 4.30 Henrico Co Sch 5s ’30-’50 J&J ______ 4.40 4.15 4.30 Lee County 5s 1926-41__ J&J 6 4% to 4.70 W YOM ING 4.30 Lynchburg— 5s 1926 opt-.T&J 4 4.50 4.30 4 Ms R ef June 1 1927--J&D 4.15 Cheyenne 5s ’31 op ’ 115 4.30 4Ms Pub Impt 1939__ J&J 4.30 Natrona Co S D No 2— 4.30 4Ms Puh Impt 1946__ J&J 4.30 4.85 5s 1928-1944 4.30 4Ms Water 1951______ J&J 4.30 Sheridan— 4.20 4s Ref Oct 1934_______ J&T 4.25 ........... 4.85 to to to to to to to to 4.05 4.05 4.05 4.05 4.05 4% 4% 4% 55 BANKS A N D TR U ST COMPANIES. Q u o ta tio n s in th is d e p a r tm e n t are g iv e n p er sh a r e , n o t p er c e n t, e x c e p t fo r s to c k s o f C a n a d ia n in s t itu tio n s , a n d are as n e a r as p o ssib le fo r th e closing day of the month 'preceding date of issue, t h o u g h o fte n are n o m in a l. A n a ste risk ( * ) d e n o te s sa le s. F ig u r e s o f d e p o s its , c a p ita l a n d p r o fits fo r th e n a tio n a l b a n k s are f r o m th e C o m p t r o lle r ’ s la s t ca ll; fo r all o th e r in s ti t u t io n s t h e y are th e la t e s t o b ta in a b le , d ire ct re tu rn s b e in g p ro cu re d b y us w h ere n o p eriod ic s ta te m e n ts are re q u ire d . For th e C le a r in g H o u s e b a n k s o f N e w Y o r k , P h ila d e lp h ia a n d B o s to n , d e p o sits are ta k e n fr o m th e la te s t w e e k ly s t a te m e n t. CALIFORNIA— (C oncluded) ALABAMA — N a tio n a l banks Ju n e 30; State in stitu tion s J u n e 2 3 . B irm ingham — Am er Tr & Sav Bank B irm ing’m Tr & Sav First N ational B an k . Traders N a t B a n k .. Surplus & P rofits. G ross D ep o sits. P a r. share. 260 310 460 225 share. 560 340 145 $ 852,209 978,547 3,334,510 141.708 100 100 100 100 Per 250 290 430 200 P er 300,000 500,000 300,000 1,420,224 <1586,226 285,327 15,587,638 9,645,848 3 ,897,393 100 100 100 550 310 140 300,000 1,000,000 500,000 300,000 100,000 <190,232 562,114 289,109 <167,566 <1142,016 2,075,559 6 ,932,799 5 ,153,157 2 ,006,385 1,000,588 100 100 100 100 100 Per share. 112 115 153 157 137 140 102 105 220 225 M ontgom ery—Exchange N a t B ankFirst N ational B ankFourth N a t B ank___ Alabam a B k & Tr Co Union B ank & Tr Co A sk. 8 13,213,392 17,854,430 32,489,335 3 ,557,106 $ 1,000,000 1,000,000 1,500,000 250,000 M obile— First N ational B an k . M erchants’ B an k ___ People’s B ank ___ B id. ARIZON A — N a tio n a l banks Ju n e 30; State institutions Jun e 30. P hoenix— Per share. 100,000 150.000 200.000 200,000 100,000 750.000 <13,990 <14,001 <1115,852 181,593 265,979 371,813 553,101 499,085 4 .717,173 4 ,908,627 3 ,697,219 11,409.626 100 100 100 100 340,000 42,694 111,309 237,518 74,887 145,938 96,413 434,092 361,970 15,175,809 907,257 3 ,089,600 4,726,335 3 ,034,720 8,060,506 1,382,941 9,085,416 3,181,214 100 100 25 100 100,000 100,000 175,000 100,000 200,000 72,279 178,537 279,422 68,453 474,063 877,638 2,201,781 2,775,834 712,299 4 ,924,466 25 100 25 25 100 25 Los Angeles. Bank of America-----Citizens’ Nat Bank - _ Commercial Nat Bk_ Farmers & MerchNat First National BankCalifornia Bank-----Merchants’ Nat Bk_ Nat City Bk o f L A — California Trust Co_ Security Tr & Sav Bk Heilman Com T & S. Citizens Tr & Sav Bk Pacific National Bk_ Pacific-S’W T & S B . U S National Bank-Union Bank & Trust. Oakland— Central Sav Bank— Central Nat Bank— New First Nat BankFarmers & Mer Sav. Oakland Bank--------- 200,000 do 6,632 P er 160 260 225 145 265 share. 165 265 235 150 275 100 100 100 100 100 100 100 100 100 Per 143 330 220 400 381 290 254 154 230 385 295 260 348 250 125 100 100 share. 140 174 190 200 220 225 share. 225 230 240 250 1,598,137 1,517,646 34,933 143,352 2 ,869,404 2 8 ,999,899 22,268,906 2,591,483 4,949,351 54,706,397 100,000 100.000 100,000 400,000 100,000 300,000 800,000 51,015 <112,083 <1184,687 195,666 27,982 111,096 342,650 1,702,538 346,303 5,367,875 4,780,674 1,372,631 3,071,041 10,157,941 Sacram ento—• California Nat Bank- 1,000,000 Capital Nat Bank---500,000 California Tr & S Bk 450,000 Farm & Mech Bank350,000 Merchants Nat Bank 200,000 N B D O Mills & Co500,000 People’s Bank--------800,000 295,015 <1393,302 436,256 361,415 136,501 1,149,710 «427,307 13,322,083 10,290,584 11,365,073 8,106,897 2,541,651 8.743,530 7,668,577 <182,454 <1129,513 337,491 309,400 1,743,290 1,186,218 1,867,814 2 ,976,240 754,524 211,484 966,743 089,150 93,209 22,922 29,851 15,161,937 4 ,198,727 9 ,095,198 2,410,053 2,628,201 1,943,376 1,443,200 100 100 100 100 100 100 100 250 175 300 160 150 150 ISO 200 386,504 2 1 ,195,824 100 200 215 Citizens Savings B k . C om m ’l B k o f Pasad First National B a n k . Pasadena N a t B ankSecurity N a t B a n k _ . Pirst Trust & Sav B k SanBernai d in o— American Nat BankCalifornia State Bk - _ San Bernardino N Bk San Bern Co Sav Bk_ 100,000 100,000 100,000 150,000 San Diego—• First National Bank- 1,000,000 500,000 First Trust & Sav Bk 300,000 San Diego Tr & S Bk Secur Comm & S Bk250.000 300,000 Union National Bank 100,000 United States Nat Bk University Ave Bank 125,000 Southern Trust & Commerce B an k .. 1,000,000 1833^ 224 323 ^ 324 M 102 110 230 185 252 160 217 300 277 220 375 27714 138 140 P er share. 300,000 500,000 300,000 100,000 100,000 457.789 735,987 38,357 278,505 297,551 4,9 3 6 ,5 7 8 7,198,889 1,340,413 2 ,797,900 1,574,341 400,000 750,000 200,000 1,000,000 310,000 <1331,960 <1561,337 <1434,783 578,356 62,105 3 ,895,253 6,381,097 1,902,298 7 ,034,826 1,551,521 100 100 100 100 80 100 CANADA — See last page. COLORADO — N a tio n a l banks Jun e 30; State in stitu tion s Jun e 30. C olorado Spgs.— Colorado Sav Bank - _ Colorado Spgs N at B Exchange N at B ankFirst National B a n k . Colo Title & Tr C o . . Per share. 50,000 100,000 300.000 300.000 150.000 218,875 103,485 210,107 360,314 93,304 100 100 100 100 100 American N a t B ankBroad way N a t Bank Central Sav B k & Tr Colorado N a t B ankDenver N a t B ank___ Drovers N a t B a n k -. First National B ankGlobe N ational Bank Italian-Am er B a n k -Pioneer State B a n k .. Stock Yards N a t Bk_ U S National B a n k .. Guardian Trust C o ._ International Tr Co_ 1,917,801 1,818,702 5,496,216 5,942,547 2 ,848,406 100 100 100 100 100 P er share. 500,000 553.852 40,519 165.852 1,683,138 1,183,582 <146,113 1,694,369 50,529 e412 15,500 <110,569 1,153,038 21,750 1,260,630 100,000 100,000 28,605 23,878 544,541 917,143 100 100 500.000 1,067,634 152,528 231,006 13,810,280 1 ,994,846 4 ,6 0 9 ,8 9 4 100 500.000 200.000 500.000 1,000,000 1,000,000 200.000 1,500,000 200,000 100.000 100,000 250.000 550.000 210.000 10 522,139 3 ,297,937 6 ,953,908 100 3 2 ,496,837 100 32,754,123 100 1,184,196 3 8 ,932,299 100 1,809,215 542,558 — 1,255,330 1,805,299 2 0 ,989,200 972,305 16,370,254 100 Clo sed Leadville— American N at B ankCarbonate N at Bank P er share. P ueblo— First National B an k W estern N a t B a n k -. Pueblo Sav & Tr Co_ 100.000 100,000 CONNECTICUT — N a tio n a l banks Ju n e 30; State in stitu tion s Jun e 30. B ridgeport— Per share 100 Per share. 100 100 100 100 100 C ity N ational B ankFirst National B a n k . Bridgeport Trust Co_ Am er Bank & T r Co_ C om m ’l Bk & T r C o N orth End B k & Tr_ W est Side Bank 1,256,060 1,779,487 755,223 195.705 109,692 79,500 104,000 10,712,013 16,542,003 10,788,094 5 ,283,635 1,385,958 967,000 2 ,640,000 100 100 100 100 100 100 100 C ity B ank & T r Co _ _ 800,000 865,727 Conn River B kg C o . 150,000 765,991 First N ational B an k - 1,150,000 1,329,938 Glastonbury B k & Tr 100.0 )0 73.789 H artford-Aetna N B - 2,000,000 3,529,078 M erchants B k & Tr_ 100,000 42,501 M utual B k & T r C o . 300,000 93,361 Phoenix N a t B a n k -. 1,000,000 1,531,844 State Bank & Tr Co_ 400,000 1,491,173 United States Sec Tr o l , 000,000 835,293 H artford-Conn T r Co 2,000,000 2 ,971,778 Park Street Trust Co 100,000 131,074 Riverside Trust C o . . a l5 0 ,0 0 0 380,350 Travelers B k & T r Co 100,000 341,450 17,645,910 4 ,347,445 8,353,404 1,033,596 16,899,491 570,603 2 ,891,926 14,547,218 7,686,190 13,661,694 18,053,106 2,732,568 2,870,495 4,990,201 100 30 100 100 100 100 100 100 100 100 100 100 100 Am er Bank & T r C o . B w ay B k & T r C o ___ Citizens B k & T r Co_ First National B a n k . M echanics’ B an k ___ M erchants N a t Bank N ew H aven B k N B A N at Tradesm B k& Tr Second N a t B an k ___ U n & N H aven T r Co 2,729,282 2,744,325 555,435 16,216,553 15,467,626 8,296,101 7,635,595 3,708,713 8 ,014,223 11,193,784 100 100 100 100 60 50 100 100 100 100 H artford—- 1,000,000 1,000,000 1,000,000 200,000 300,000 100,000 100,000 New Haven— 275 200 310 175 175 100,000 300,000 130,000 1,000.000 300,000 500,000 1,200,000 500,000 750,000 650,000 158,916 107,730 09,931 1,418,827 1,025,000 521,948 2,147,121 664,461 1,313,528 1,173,892 * Sale price, x Ex-dividend, h Includes trust funds, c Includes First Federal Trust C o . stock, d April 6 1925. 1924 . t M arch 31 1924. b Trust assets. a ]N ote.— U . S. Security T r. C o. rights, 160 bid, 170 asked. Riverside T r. C o. rights, 140 bid, 160 asked. A sk. Per share. 154 H 157 X Denver—- 800,000 1,000,000 500,000 300,000 1,500,000 Pasadena— Central Nat Bank---- Security State Bank C om m ’l & Sav Bank First National B ankStockton S & L Bank Union Safe D ep Bank 2,097,784 149,484 14,975,992 1,500,000 4 ,000,000 2,078,338 45,391,712 <1825,586 14,762,880 1,000,000 2,0 0 0 ,0 0 0 2,308,511 47,713,375 3 ,500,000 3,925,029 87,157,784 3,000,000 1,645,969 71.334,734 1,500,000 1,564,525 45,246,915 <1203,191 10,406,510 1.000,000 <1170,005 612,374,614 500.000 S ,250,000 6,632,829 209,739,578 2 ,500,000 <11,174,998 73,786,073 2 ,000,000 1,773,584 49,961,851 260,725 5,327,539 1,000,000 6 ,900,000 6 ,678,924 177,325,998 231,901 4 ,916,285 750,000 1,500,000 ■ 451,090 13,753,186 B id. P a r. $ 60,314,658 S tock ton — CALIFORNIA — N a tio n a l banks J u n e 30; State in stitu tio n s Ju n e 30. Fresno—First National Bank- S 1,963,707 100 Pine B luft— Cotton Belt S & T Co N a t Bank o f Ark M erch & Plant Bank Peoples S B & Tr C o Simmons N a t B an k - $ 4 ,7 5 0 ,0 0 0 Gross D ep o sits . Am er Bank of San Fr 100 Anglo London-Paris National Bank - . 5 ,000,000 3,873,610 103,153,033 100 Bank of Calif, N A _ 8 ,500,000 9,095,210 82,342,222 100 Bank of Italy 17,500,000 9 ,639,539 337,978,651 100 Banca Popolare F u <1244,216 17,011,296 gazi 1,057,000 <159,033 2,546,346 1,000,000 <1824,072 6,528,849 750,000 <1121,417 3,156,862 600,000 2 ,000,000 7,885,674 4 1 ,454,178 100 2,486,001 100 650,000 <1242,733 First N ational Bank 3 ,000,000 1,651.485 26,071,509 100 French-Amer Bank 1,250,000 822,465 18,568,274 100 1,000,000 3,000,000 98.132,604 1000 H um boldt Bank 1,200,000 <11,405,527 2 5 ,873,610 100 Italian-Am er B a n k -- 1,500,000 638,322 2 0 ,284,274 6 ,575,347 1,000,000 <1113,488 8 ,743,868 100 154,388 500,000 The M ission Bank 202,224 200,000 2,195,323 242,588 4,1 3 7 ,6 1 8 1,000,000 W ells Fargo Bank & Union Trust Co 9 .000,000 7 ,913,427 110,297,673 100 A n glo-C alif Trust Co 1,500,000 <11,667,646 57,844,340 100 M ercantile Trust Co 5 ,500,000 5 ,007,025 149,014,925 1,500,000 964,015 25,488,401 50 United Bank & Tr Co 4 ,500,000 <1812,490 4 1 ,796,947 100 Growers Bank _ _ . Per share. 1,000,000 200,000 300,000 300,000 200,000 300,000 100,000 500,000 200,000 Surplus & P rofits. San Jose— ARKANSAS — N a tio n a l banks Jun e 30: State in stitu tion s Ju n e 30. Little R ock — San Francisco— C apital. OOl OOl C apital. 225 268 271 185 190 180 185 130 140 125 140 142 Per 500 200 240 250 332 340 120 310 450 385 500 310 380 Per 165 1 1 5 H 1 1614 105 200 225 81 82 210 175 178 210 295 v June 30 1924. e D ec. 31 56 BANKS AND TRUST COMPANIES CONNECTICUT— (Concluded) [V o L . 121. I L L I N O I S — -N ational B n'.s J u n e 30; State in stitu tion s J u n " 30. 1 C apital. Norwich— M erchants’ N at B k Tham es N a t B a n k .. U ncas N ational Bank Bankers Trust C o ___ S urplus & P ro fits. Gross D ep osits. P a r. $ 100,000 1 ,000,000 100,000 100,000 S 84,290 766.385 63,330 34.197 $ 578,170 2,806.180 716,069 711,944 600,000 500,000 500,000 4 00,000 3 0 0,000 333,294 510,561 1,310.000 £418.161 218,690 10,522,207 4,246,804 7,776,471 4,535,722 3.909,893 B id. A sk. 100 100 100 125 Per 100 125 100 125 share. 110 130 105 130 100 50 100 100 100 P er share. 185 78 420 250 165 Waterbury— Citiz & M fr s ’ N a t B k W aterbury N a t Bank Colonial Trust C o . M erchants Trust Co Waterbury Trust Co. S u rp lus & P ro fits C a pital. A u rora— Aurora N a t B an k ___ First N ational B a n k . Am erican N a t B a n k . M erchants N a t Bank Old Second N a t Bank Aurora T r & Sav B k 0 0 1 0 0 0 $ 303,355 934,08? 295,512 2 2 6 ,39C 294,51? 238.44C Gross D ep o sits. Elgin— Boise City— Boise C ity N a t Bank First N a t of I d a h o .. Pacific N a t B an k ___ c April 6 1925. 250,000 300,000 300,000 248,321 319,485 93,576 d D ec. 31 1924. 3 ,785,038 6,659,600 2,906,969 e O ct. 10 1924. 100 100 100 g Book value, Elgin N a t B an k ____ First N ational B a n k . H om e N ational Bank U nion N a t B an k ____ E lgin C ity B ’k ’g C o . H om e Tr & Sav B k . s E x-d iv. 100,000 200,000 150.000 100.000 150.000 100.000 1 Branch o f Savannah. £69,258 166.006 300,259 < 70,000 2 3 0,378 180,181 JtNew stock. Bid. N on 2 ,5 2 2 ,0 8 ’ 10 ) 435 11)' l 335 3,568,841 101 375 2 ,4 1 1 ,2 5 ' 200 2,774,101 ' 10' 2 ,2 9 0 ,4 0 , 101 1 150 101 215 2,859,115 C hicago—■ Aetna State Bank__ 0 144,37? Albany Park Nat Bk 3,773,001 0 86,88? Alliance Nat B an k.. 3,0 8 1 ,7 9 ' 0 111,818 Atlas Exch Nat Bank 3,695,822 0 79,188 Austin State B an k.. 2 ,3 2 5 ,5 2 : 3 284,154 Boulevard Bridge Bk 5,969,29? 0 153,058 DELAWARE— N a tio n a l banks Ju n e 30; State institutions J u n e 30. Bowmanville N at’l 8,621,561 of Chicago_______ 4,169,848 3 59,525 Broadway Nat Bank Wilmington— 1,350,624 Per share. 3 48,507 Calumet Nat Bank Central N a t Bank _ 9 ,591,148 3 153,001 1,995.567 100 126 132 2 10,000 223,041 Capital State Sav Bk Farm ers’ B ank _ 4,259,231 3 88.537 50 125 500,000 1,301,749 13,986,078 130 Central M fg Dist Bk 8 ,775,988 Industrial Trust Co 3 690.100 50 1,250,000 279,180 2,201,245 60 61H Citizens State Bank 4,2 9 7 ,3 4 7 N a t B k o f D elaw are. 3 270.763 205 110,000 190,711 1,354,332 100 197 Cont & Com Nat B k. Union N ational Bank 3 21,065,643 4 1 4 ,370 ,976 2 03,175 846,642 25 110 4,166.444 120 Cosmopolitan St B k. Delaware Trust C o . 415,425 11,065,804 6.223.401 100 105 115 404,399 900,000 Depositors State Bk 5 ,736,672 Equitable Trust Co 258,977 4,908,662 100 280 1,000,000 1,356,409 285 Division State Bank Security T & S D Co 2 ,373,597 142,315 971,034 6,328,598 100 281 600,000 292 Douglass Nat Bank 978,319 W ilm ington Trust Co 2,0 0 0 ,0 0 0 1,481,864 16,528,793 £122,991 50 120 130 Drexel State B an k.. 8,591,270 388,957 Drovers Nat B an k .. 498,455 16,766,651 First Englewood State Bank___ 3,579,784 106,995 DISTRICT OF COLUMBIA— N a t. banks Ju n e 30; State in stitu tion s J u n e 30 First National Bank. 18,395,716 26(L269,027 First Nat Englewood 6,960,365 647,031 Washington— P er share. Foreman Nat Bank 4 ,655,288 69,380,456 Citizens Sav B a n k .. 2 0 0 ,00C 1.111,579 87,174 Fullerton State Bank 125.507 3,275,073 Columbia N a t B a n k . 250,000 406,200 3,446,723 100 300 Garfield Park St S Bk 81,012 5,774,976 Commercial N a t B k . 1,000.000 429,533 14.352,457 100 194 Guardian Nat Bank. 201 1 250 000 2 ,172,945 Bank o f C om m & Sav 100,ooc 121.365 1,446,290 10 250 Halsted St State B k. 218,008 3,601,799 Departm ental B a n k . 103.92C 38,557 558,289 Hill State Bank 58,826 2,374,180 D istrict N a t B a n k . 8,001,453 100 195 550,000 486.574 Humboldt State B k. 3,545,100 £91.006 Farm & M ech N a t . . 2 5 2 ,OOC 400,573 3,236,568 100 240 Hyde Park State B k. 5,133,786 329,890 Fed’l Am er N a t Bank 1.200.00C Independent St at e Bk 966,786 11,111,151 100 257 175,181 5,122.576 Franklin N a t B a n k . 225,000 118.033 4.412,846 100 Irving Park Nat Bk 183.298 4,5 4 6 ,5 9 2 Liberty N at B ank___ Jefferson Park N at. 500,000 200.122 190 2,989,895 193 3,765,027 113.363 Lincoln N a t Bank . C619.059 Kaspar Amer St B k. 300,000 6,232,905 100 280 694,654 17,955,208 M erch B k & T r C o . 1,000,000 Kenwood Nat Bank. 285,451 5 .508,559 9,066,357 135 145 338,153 Lake View State B k. 160,000 cl0 5 ,5 8 1 3,138,904 308,290 7,639,993 N a t Bank o f W a sh ’n 1,050,000 949,354 10,083,959 100 225 Lawndale Nat Bank. 6.110,502 148,113 N a t Capital Bank . Lawndale State Bk. 200,000 301,996 1,702.817 100 205 5 ,058,339 194,745 .Nat M etropol Bank Lincoln State Bank 800,000 1,096,559 16,142,84.3 100 310 83,572 3 ,216,330 Peoples C om m & Sav Logan Sq St & SavBk 100,000 d4,781 340,545 68,317 2 ,770,814 Riggs N ational Bank 2 ,500,000 1,810,870 33,098,883 100 355 Mad & Ked State Bk 358 420,184 11,907,435 Second N a t Bank _ Mad Sq State B ank. 500,000 364,653 5.529,333 100 200 55,446 2,2 0 9 ,5 5 3 Secur Sav & C om B k Market Trad St B k. 203,393 200,000 5,022,817 100 325 110,000 400 3 .172,747 Washington Sav B k Metrop State Bank. 100,000 33,757 670,366 150,962 230 2 ,6 2 1 ,2 2 7 Am er Secur & T r C o . 3,4 0 0 ,0 0 0 3,121.117 28,514.779 100 344 Nat Bk of Republic. 345 1,523,754 8 3 ,465,382 Continental Trust Co 1,000,000 Nat Bk of Woodlawn 109.929 163,478 3,001,335 100 3.293,881 87 88 N a t ’l Sav & T r C o _ . 1,000,000 2,313,454 10,504,503 100 450 National City Bank. el ,658.306 88.188,191 M un sey Trust C o . . 2,000,000 Nat Bk of Comm’ce. 686,352 257,769 5,296,404 7 ,878,628 Union Trust Co North Ave State B k. 2 ,000,000 889,340 6,858,751 100 190 183,483 8 .345,482 United States Sav Bk Noel State B an k .. 100.000 354.516 199,866 2,164,277 360 9,534,683 W ash Loan & T r C o . 1,000,000 2 ,055,480 13,531,371 100 411 Ogden National Bank 45,985 415 1,291,670 People’s Stock Y ’ds State B an k... 468,015 15,931,830 Phillip State Bk & Tr 171,142 3,582,425 Pioneer Tr & Sav Bk 7,916,091 163,993 FLORIDA— N a tion a l banks Ju n e 30 State institu tion s Ju n e 30. Reliance State Bank 345,236 9 ,116,529 Roseland State S Bk 195.726 4 ,676,622 Jacksonville— Per Schiff Tr & Sav Bank 203.974 6,251,609 Atlan tic N at B a n k . . 1,400,000 878,802 43,593,598 100 ffl65 2d N W State Bank91,769 2,470,381 Barnett N B o f Jack 750,000 873,435 27,049,806 100 Second Security B k. 264.748 5 ,431,112 Citizens Bank . . 50,000 111,984 1.796,151 Security Bank______ 496.473 7,956,153 Florida N a t B a n k . 500,000 644,282 29,461,976 100 So Chicago Sav Bk__ 553,000 7,512,680 People’s Bank . o42,922 100,000 3,438,725 South Side Tr & Sav. 319,446 10,624,349 Southwest State B k. £124,125 3,164,807 Tampa— State Bk o f Chicago. 6 ,686.005 54,882,683 Citizens Bank & T r . . 1,000,000 1,016,874 24,463,459 100 Stock Yards Nat B k. 636,514 17.130,343 Bank o f Commerce 200,000 54,624 2,953,443 Stk Yds Tr & Sav Bk 267,639 9 ,876,020 Exchange N a t B a n k . 500,000 £554,703 13,371,437 100 Transportation Bank 24,271 2 ,080,780 First N ational B a n k . 1,000,000 591,914 16,229,558 100 26th St State B an k.. 1160 60,437 2 ,077,198 First Sav & Trust Co 500,000 125,000 1,884,811 Union Bank of Chic. 450,093 8 ,533,606 N a t C ity B k , Tam pa 500,000 5.271,895 210,000 United State B an k.. 3.084,691 175,928 Univ St Bk of C h ic .. 114,271 2,735,750 Washington Pk N Bk 322,784 11,228,702 West Englewood Tr 500.000 GEORGIA — N a tion a l banks Jun e 30; State institutions Ju n e 30. & Savs Bank_____ 321,499 4 ,173,378 300.000 West Town State Bk 167,793 5,249,605 Central Tr Co of Ill- 6,000,000 4,2 0 6 .1 8 8 88,160,491 Atlanta— P er share. 500.000 1,161,969 Chic City Bk & Tr Co 8 ,491,212 American Sav Bank. 67.000 200.000 360,000 100 116 Chicago Trust C o__ 2.5 0 0 .0 0 0 1,155,056 2 3 ,172,376 A tl & Lowry Nat B k. 4 .0 0 0 . 3,5 0008 4 ,8 7 9 48,286.485 100 265 270 200.000 Citizens Tr & Sav Bk 54,607 2 ,738,544 Citizens & South Bk 3 .0 0 0 . 2 ,786,806 58,556,627 t 000 240 000 245 Cont & Com Tr & SB 5 .0 0 0 . 11,601,066 113.305 005 Fourth Nat Bank__ 1,200,000 2,3 3 6 ,3 2 7 31,790,850 100 325 250.000 330 Drovers Tr & Sav Bk 539,504 8,014,702 Fulton Nat Bank__ 349,082 10,690,890 100 130 750.000 200.000 135 East Side Tr & S Bk 104,808 1 r425 503 Ga Sav Bk & Tr C o. . 385,000 500.000 3.025.000 100 200 250.000 220 Equitable Trust Co 74.640 3,247,030 Atlanta Trust C o__ 1,500,000 642,777 4.893,212 100 140 400.000 145 Fidelity Tr & Sav Bk 83,616 4 ,580,055 Trust Co o f Georgia. 2.000. 000 1,768,759 4,798,551 100 First Tr & Sav Bank. 6 .250.000 10,978,821 L20,686,937 000 Foreman Tr & S Bk. 1.000. 818,175 11 .143,302 Augusta— 300.000 share. Franklin Tr & S Bk. 540,766 4,9 6 1 ,5 8 8 Georgia RE Bank__ 1,000,000 349,741 8,359,965 100 Greenebaum Sons’ Citizens & South B k. 3,0 0 0 ,0 0 0 2 ,786,806 58,556,627 t 240 245 Bank & Trust C o. 1.500.000 1,412,917 24,735,209 Nat Exchange Bank400.000 223,745 300.000 3,061,793 100 105 Guarantee Tr & Sav. 311,303 2,849,079 Union Savings Bank. 100.000 95,697 000 1.500.00C 100 140 155" Harris Tr & Sav B k. 3 .0 0 0 . 5 ,173,582 63,651.694 Home Bk & Tr C o_. 1.000. 000 624,554 9,132,294 Columbus— P er share. Ulinois M erch Tr Co 15,000,000 35,121.359 415,501,614 Col Sav Bk & Tr C o. 250.000 242.179 3,010,421 100 150 200.000 160 Keystone Tr & Sav. . 62,887 1,708,632 Fourth Nat Bank__ 300.000 153,617 200,000 1,377,334 100 130 Kimbell Tr & S B __ 132 M 143,006 3,798,264 Home Savings Bank. 100.000 83.600 500.000 1,490,000 100 145 150 Lake Shore Tr & S B . 239,585 6,133,048 Merch & Mech Bank 200,000 500.000 265,007 Lakeview Tr & S B . 1.710,325 100 195 200 774,372 11,908,398 First Nat Bk of Col 200,000 241,114 500.000 Liberty Tr & Sav Bk 1,278,083 100 145 150 207,852 10,466,536 Third National Bank 500,000 200.000 552,206 Lincoln Tr & Sav Bk 155 2 ,173,576 100 150 184,474 3 ,218,704 400.000 Mercantile Tr & Sav. 251,447 8.384,196 Macon— 750.000 Per share. M id-City Tr & S B k. 2 9 9 ,8 3 ° 13,293,358 Bibb National Bank 200,000 142,000 100 Northern Trust C o .. 2,000,000 5,389,881 58.840,676 1,508,000 100 99 Citizens & Sou Bank 3,0 0 0 ,0 0 0 2 ,786,806 58,556,627 t Northw’n Tr & S Bk 1,000,000 250 245 904,203 19,210,290 Fourth Nat Bank__ 500.000 629,242 10,907.533 100 198 Peoples’ Tr & Sav Bk 1,000,000 200 695,897 2 0 ,159,397 Macon Nat Bank__ 150.000 205,694 500.000 Pullman Tr & Sav Bk 2,529,005 100 _____ l 200 44 8 ,5 2 7 6 ,828,988 Sheridan Tr Sav B k. 1,000.000 491.667 10.154,715 Savannah— South West Tr & Sav Per share. 350.000 71,961 4,8 8 1 ,7 2 4 Citizens’ & Sou Bank 3 ,000,000 2 ,786,806 58,556.627 100 245 250 Standard Tr&Sav Bk 1,000,000 963,612 16,264,316 Exchange Bank_____ 250.000 134,000 Stockmen’s Tr&S Bk 200.000 2 ,195.000 100 125 2 ,789,369 182,411 Liberty Bk & Tr C o. 300.000 541,872 Union Trust C o_____ 3 ,000,000 3 ,923,642 65,697,007 4,051,787 100 175 200 Savannah Bk & TrCo 700.000 W Sidr Tr & Sav Bk. 700.000 787,269 165 4 ,890,168 100 258,151 13,987,393 Citizens’ Trust C o .. 300.000 92,803 Woodlawn Tr & S Bk 1,192,262 100 100 500.000 105 304,866 9 ,296,557 IDAHO — N a tion a l banks Jun< 30. Par . 1,295,717 2 ,138,403 2,2 8 1 ,1 8 6 1,000,000 2,4 2 6 ,0 5 0 1.861,069 I Last sale. 10C 10C KM 10C 1(1( 101 10C A sk. in al 450 350 400 200 225 Per share 180 190 165 160 125 225 180 loo 10C lot 100 10C 10C 10C 10C 100 10C 100 160 103 260 180 380 290 370 180 180 400 300 375 200 190 105 235 200 205 100 100 100 100 100 100 160 509 390 409 170 190 100 100 100 100 100 100 235 ______ 100 100 100 100 100 100 100 100 180 225 200 260 200 200 250 200 375 135 193 — 130 100 113 100 135 100 197 100 170 100 173 100 162 100 180 100 215 100 92 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 265 160 230 200 260 275 155 345 270 215 143 555 280 200 210 150 250 290 250 257 395 175 170 106 i3 5 170 512 415 413 205 200 210 140 200 140 120 140 200 177 167 100 300 300 225 565 290 455 210 160 300 262 181 365 120 135 115 130 L45 L25 235 425 255 415 270 475 140 175 222 325 200 185 210 225 420 325 260 250 240 200 175 175 337 245 255 265 280 480 L50 225 200 250 180 L90 255 265 100 100 100 100 100 100 *Consolidation IOWA— (Concluded) ILLINOIS— (Concluded). Su rplus Capital. Peoria—• Central Nat Bank. Commercial Nat B k. Dime Sav & Tr C o. First National Bank Home Sav & State State Tr & Sav Bk _ Merchants & 111 N B $ 300.000 750,000 250,000 550,000 250,000 400,000 500,000 200,000 & P rofits. S 668,592 1,451,414 d 262,026 976,221 175,420 d 174,522 747,486 d 418,737 Gross D ep o sits. $ 5,574,275 8,227,148 3,145,075 7,350,659 3.277,249 1,862,990 6,688,636 3,427,165 100 100 100 100 100 100 100 100 Rockford— Commercial Nat B k. Forest City Nat Bk M anuf’rs Nat Bank Peoples Bk & Tr Co Rockford Nat Bank. Security Nat Bank Swedish-Am Nat Bk Third National Bank 874,974 3,173,798 3,658,868 2,703 419 8,801,237 2,379,464 2,795,664 4,294,709 First State Tr & Sav 73,966 279,788 510,736 229,284 838,187 75,455 241,608 365,780 500,000 k 212,348 300.000 d 123,770 294,047 600,000 530,298 500,000 500,000 £317,539 5,756,988 4,719.260 8,741,762 8,488,469 5,110,871 100 100 100 100 100 100 100 100 325 345 375 350 195 130 275 350 350 400 360 200 132K 285 P er share. 130 130 167 190 160 140 150 175 200 _____1 113 _____l 225 _____ l 200 _____l 200 _____l 275 . . . 1 135 _____ l 250 ......... 1 165 Per share. 100 100 100 100 100 West Side Bank . . Am Tr & Sav Bank Citizens Tr & S Bk . Farmers Trust C o .. Fort W a y n e First National Bank Lincoln Nat Bank Old National B an k.. Citizens’ Trust C o .. Dime Savs & Tr Co Farmers Trust Co . Lincoln Trust Co People’s Tr & Sav Co Tri-State L & Tr C o. 500,000 100.000 500,000 200,000 100,000 500,000 250,000 250,000 100,000 100,000 1,000,000 300,000 500,000 300,000 225,000 200,000 500,000 200,000 500,000 Indianapolis— Continental Nat Bk Fletcher-Am Nat Bk Indiana Nat Bank . Live stock Ex Bank. Merchants’ Nat B k. Meyer-Kiser B an k.. National City Bank. People’s State Bank Aetna Tr & Sav Co . Bankers Trust C o_. 400,000 3,000,000 2,000,000 200,000 1,250,000 200,000 1,000,000 125,000 250,000 250,000 150,000 Farmers Trust C o__ 300,000 Fidelity Trust Co . . 100,000 Fletcher Sav & T r. 1,500,000 Indiana Trust Co . 1,000,000 State Sav & Tr Co 750,000 Security Trust Co _ 200,000 Union Trust Co . 600,000 Wash Bank & Tr Co 100,000 Wild & Co State B k. 100,000 Terre Haute—First National Bank McKeen Nat Bank Terre Haute Nat Bk Citizens Trust Co Terre Haute T ru st.. United States Tr C o. 1 d i d d d d i d d d 381,943 58,908 900,000 60,683 £48,031 243,335 215,000 167,272 81,751 6,426 9,613,306 1,293,048 7,173,450 1,788,410 1,292,293 7,599,507 4,350,000 2,788,335 1,192,898 365,621 100 100 100 100 100 100 100 100 100 100 P er share. 240 170 200 115 100 200 180 200 240 95 175 225 120 100 200 225 100 P er share. 471,593 13,337,098 469,001 5,817,325 591,716 8,798,743 210,214 4,627,029 43,071 1,661,280 1,571,582 50,049 251,328 4,875,515 383,699 4,944,341 709,853 13,689,694 100 100 100 100 100 100 100 100 100 210 270 290 190 120 135 165 300 300 215 280 300 195 125 140 175 310 310 4,282,413 32,237,634 24,185,064 942,732 11,449,482 5,384,387 4,399,422 2,506,377 1,900,763 3,237,377 1,926,705 1,701,183 1,931,070 17,634,813 9,069,035 2,223,194 4,088,703 31,984,981 2,151,673 5,935,811 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 105 151 254 160 303 163 264 152,311 649,431 2,494,774 109,896 1,829,497 542,734 £ 79,552 124,750 45,321 134,070 121,331 216,802 110,000 926,705 1,155,288 181,504 231,591 1,714,812 65,830 86,122 448,372 700,000 500,000 551,497 300,000 320,300 400,000 1 139,253 500,000 798,172 500,000 325,501 184 110 125 125 210 154 222 218 200 340 150 t ------m __ 238 82 400 — t ------ N o m in al prices 3,739,724 100 170 3,150.255 100 210 2,918,225 100 210 1,771,240 100 135 7,600,130 100 250 5,738,619 100 150 185 215 225 150 280 160 300.000 100,000 628,249 £72,589 4,841,939 100 300 2,270,164 100 200 315 210 600,000 100,000 638,810 107,557 8,690,072 2,200,543 100 200 100 200 210 210 Cedar Rapids—• Ced Rapids Nat Bk Ced Rap SBk&Tr Co Iowa State Sav Bk Merchants’ Nat Bk People’s Sav Bank Security Sav Bank Amer Tr & Sav B k._ 500,000 d 475,000 12,028,000 100 235 3,707,879 100 190 200,000 229,601 200,000 i65,000 2,923,000 100 180 500,000 1 657.000 14,064,000 100 300 100,000 163,000 2,025,000 100 125 200,000 201,000 3,033,000 100 225 200,000 186,205 3,511,862 100 267 250 200 200 350 150 250 275 Council Bluffs— City National BankCommercial Nat Bk. Coun Bluff Sav B k. . First National BankState Savings Bank. 100,684 120,000 100,000 d 10,000 150.000 253,226 200.000 152,908 183,042 50,000 Davenport— Amer Com Sav B k. . 1,000,000 First National Bank. 200,000 Home Savings Bank. 50,000 Iowa National Bank 150.000 Security Sav'Bank. _ 150.000 Scott Co Sav B an k .. 500.000 100.000 American Trust C o. 800,000 Union Dav T & S__ Citizens’ Tr & S Bk. 150,000 2,544,599 100 870,155 100 4,143.973 100 4.122,824 3,352,460 100 1,136,568 20,485,342 100 374,838 4,641,980 100 1,128,209 100 72,315 218,278 4.580,387 100 £140,000 1,300,000 100 120,746 6,842,377 100 126,396 334,437 871,721 12,565,584 100 95,728 1,706,637 100 Gross D ep o sits . P a r. N o m in al Des Moines— 1,000.000 Bankers Trust Co 150,000 Cap City State Bank 250.000 Central State Bank- . 200,000 Commercial Sav B k. Des Moines Nat B k. 1,000,000 400.000 Des Moines S B & T r 100,000 Home Savings Bank 100,000 Iowa Trust & Sav Bk 1,200,000 Iowa National Bank 100,000 Mechanics’ Sav Bank 100,000 People’s Sav B an k.. 200,000 United State B an k.. 50.000 University State B k. 500,000 Valley Nat Bank____ 150,000 Valley Sav Bank___ 500,000 Central Trust C o__ 500,000 Iowa Loan & Tr C o .. 339,300 4,282.839 100 126,899 3,391,182 Kill 8,190,899 100 301,965 »79,356 3,541,434 100 407,194 15,870,499 100 8,521,043 100 259,832 103,625 2,557.074 100 1,748,182 100 51,305 859,425 17,100,796 100 1,589,577 100 ®38,423 307,038 4,727.277 100 1,537,664 t’63,560 512,764 100 13,268 276.460 4,104,137 100 3,017,306 100 199,831 729,241 140,396 512,296 8,404,031 100 Dubuque— Consol Nat Bank__ First National Bank. Pioneer Tr & Sav Bk Union Tr & Sav Bank Iowa Trust & Sav Bk 111,643 281,358 104,486 289,489 234,671 500,000 200.000 150,000 150,000 300,000 Clos ed Clos Per share 5,312,783 4,481,162 1,258,815 3,296,107 2,728,946 100 100 100 100 100 ___ 1 150 250 260 ___ l 175 200 225 175 200 Per Sioux City— 1,000,000 First National Bank 200,000 Live Stock Nat Bank 200,000 T oy Nat Bank______ 400,000 Sioux Nat B an k.__ 250,000 Security Nat B an k.. 100,000 Woodbury Co Sav Bk 150.000 Farmers’ L & Tr C o. 100,000 First Trust & S Bk__ 155,268 11,005,336 100 195 117,118 4,500.377 100 106,779 4,492,266 100 109,033 4.753,757 100 5,197,978 100 310,751 191,896 3,338,306 100 £110,114 3,198,237 100 1.037,495 100 30,598 Kansas City— Commercial Nat B k. Exchange State Bank Commerc’l State Bk. ' People’s Nat B an k.. Riverview State B k. 300.000 200.000 100,000 200,000 100,000 281,703 93,651 100.875 71,492 125,000 7,918,418 2,453,120 1,356,626 2,732,189 2,100,000 100 100 100 100 100 Topeka— Central Nat Bank__ Farmers’ Nat Bank. Fidelity Sav State Bk Kaw Valley Nat B k. Merchants’ Nat Bk. Nat Bank of Topeka . Shawnee State Bank. State Savings Bank. Topeka State B an k.. Central Trust C o__ 500.000 100.000 200,000 100.000 200,000 500.000 60,000 100.000 50,000 400,000 149,449 5,633 15,625 29,994 129,201 266,747 27,800 75,000 52,350 152,634 5,785,476 1,241,439 1,570,304 610,892 3,754,908 7,522,924 928,000 2,100,000 1,761,351 1,908,528 100 100 Wichita—Central State B k__ First National Bank. First Trust C o______ Fourth Nat Bank__ Merch Res State Bk. State Reserve BankSouthwest Nat Bank Union Nat Bank___ Union Stock Yds Nat Wichita State Bank- share 195 P er share. P er share. per share 180 200 200 160 210 175 100 275 125 300 150 125 90 100 95 175 150 115 125 110 110 100 100 100 810,893 100 11,765 100,000 1,000,000 1,023,000 18,851,702 100 1,100,000 100 124,000 100,000 371,098 13,075,530 100 1,000,000 1.250.000 100 22,000 200,000 2,000 4.500.000 100 500.000 1,723,478 100 45,907 200.000 1,038.321 100 39,638 200,000 606,418 100 7,618 100,000 33,599 2,192,296 100 100,000 225 KENTUCKY— N a tio n a l banks Jun e 30; Slate in stitu tio n s Jun e 30. Covington— Citizens’ Nat Bank. First National Bank Liberty Nat Bank . . Covington S B & Tr People’s S Bk & T r . . Lexington— Bank of Commerce. Fayette Nat B ank.. First & City Nat Bk. Guaranty Bank & Tr Phoenix Nat Bk & Tr Second Nat Bank. Union Bank & Tr Co Security Trust C o__ Louisville— Citizens’ Union N B . First National Bank Liberty Ins Bank__ Kent Tit S B & T Co IOWA— N a tion a l banks Jun e 30; State in stitu tion s M ay I. Burlington—• Amer S Bk & Tr C o. Burlington Sav B k. . First Iowa State Tr Sav Bk _ Merchants’ Nat B k. S u rp lus & P rofits. KANSAS— N a tio n a l banks Jun e 30; State in stitu tion s J u n e 2. INDIANA— N a tio n a l ta n k s Jun e 30; State institu tion s J u n e 30. Evansville— Citizens’ Nat Bank. Lamasco Bank . . National City Bank. Mercantile Com’l Bk North Side Bank . . C a pital. A sk. Per share. 3.430,033 100 5,307,068 100 3,828,710 100 2,359,172 100 7,690,747 100 200,000 300,000 400,000 250,000 750,000 200,000 125,000 500,000 B id. P a r. Quincy— Illinois State Bank. 300,000 169,674 Quincy-R N B & Tr 500,000 d 159,928 State St Bk & Tr Co 103,318 500,000 Mercantile Tr & S B 200,000 135,173 State Sav L & Tr Co 1,000,000 674,803 Springfield— 57 BANKS AND TRUST COMPANIES A ug., 1925.] Lincoln Bank & Tr Louisv Nat Bank__ Nat Bk of Kentucky Stock Yards Bank . _ Bankers Trust C o._ Fidelity & Colum Tr Louisville Trust Co United States Tr C o. Newport—American Nat Bank Newport Nat B an k.. Per 2,345,424 100 5,317,330 100 3,954,868 100 1,556,442 100 1,568,851 100 190 185 126 175 115 3,067,910 2,482,288 3,668,640 2,758,387 3,812,749 1,163,104 1,940,000 2,395,411 100 100 100 100 100 100 100 100 160 197 196 135 150 210 265 390 1,925,276 27,645,486 100 627,956 10,843,218 100 £1,074,338 17,094,774 100 2,268.530 100 k 315 713 4,755,872 fioo 494,091 1100 6,708,251 100 251,747 350,084 7.622,175 100 4,864,463 43,541,903 100 901,501 100 £ 76,358 725,789 ___ 35.072 4,438,855 100 1,153,501 5,092,350 100 £ 344,003 1,575,216 100 189,123 356 430 480 260 200,000 500,000 350,000 100,000 100,000 £ 265.273 449,845 175,000 141,848 133,927 P er 300,000 300,000 800,000 300,000 1,000,000 150,000 100,000 500,000 £ 250,000 i 328,033 d 450,000 k 61,811 d 467,333 i 234,434 k 99,000 k 177,585 Per 1,000,000 500,000 500,000 200 000 J/250,0001 10100,000/ 750,000 500,000 2,500,000 100,000 250,000 2,000,000 806,100 350,000 152 200 3o8 182 118 205 220 150 Per 100,000 d 266,366 300,000 100,000 1,446,340 2,457,104 100 220 100 200 share 250 210 130 180 120 share 155 215 275 400 share 500 90 160 345 200 225 share 225 LOUISIANA— N a tio n a l banks Jun e 30; Slate in stitu tion s Ju n e 30. New Orleans— American Bank & Tr Canal-Commercial Tr Int-State Tr & B C o. New Orl Bk & Tr Co Marine Bk & Tr C o. Whitney-Cent N B _ Hibernia Bk & Tr Co Whitney-Cent Tr & Savings Bank____ Shreveport— American Bk & T Co American Nat Bank. City Sav Bk & Tr Co Commercial Nat B k. Exchange Nat Bank. First National Bank Contin’l B & Tr C o .. Per share 500,000 316,806 6,089,676 175 185 4,750,000 750,000 800,000 1,500,000 2,800,000 2,000,000 3,073,754 1,183,531 265,510 906,704 r3,803,100 2,685,230 71,384,467 13,675,011 7,012,633 23,392,424 58,768.997 50,245,066 100 257 100 310 149 100 200 100 340 100 335 153 205 350 350 1,000,000 r3,803,100 58,768,997 1,024,307 100.000 i 46,841 150,000 d 56,726 2,555,619 8,048,140 527,473 500,000 516,772 14,944,187 1,000,000 13,532 2,153,792 200,000 514,046 9,948,853 1,000,000 300,000 i 230,146 4,826,400 — 100 100 100 100 100 100 100 320 P er 155 150 320 230 90 320 225 share 160 160 325 235 100 325 235 ♦Sale price, a Includes one-half share of Kent Title S. B. & Tr. com. stock, x Ex-dividend, r Consolidated statement, y Last sale, g Preferred. b New stock, c Unified includes Citizens-Union Fid. & Col. Tr. t Includes trust deposits, k Dec. 31 1924. t Private banks, stocks closely held. m In process o f liquidation, d April 6 1925. i April 3 1925 58 BANKS AND TRUST COMPANIES MASSACHUSETTS— (Concluded) MAINE— National banks June 30; State institutions June 30. Capital. Surplus & Profits. Gross Deposits. Par. Bid. Per share $ $ S 400,000 436,364 6,377,737 100 85 100,000 250,177 2,441,825 100 280 175,000 1,108,119 7,124,974 100 400 500,000 509,373 10,884,951 100 280 320 Portland—• Canal Nat Bank___ Chapman Nat Bank. First National Bank. Portland Nat Bank. Fidelity Trust C o__ Casco-Mercantile Tr Forest City Tr C o__ Union S D & Tr C o .. U S Trust C o_______ 600,000 300.000 600,000 300,000 400,000 500,000 150,000 250,000 200,000 546,096 3,610,564 100 125 154,498 5,172,224 100 140 538,338 8,279,361 100 132 916,313 8,976,656 100 300 993,343 14,582,080 100 220 498,848 10,592,819 100 160 44,486 1,581,886 100 80 398,465 1,006,129 100 300 212,988 3,070,938 100 155 130 150 138 350 240 180 350 165 MARYLAND— National banks June 30; State institutions June 30. Per share 750,000 365,246 10,394,065 100 136 200,000 o306 291 7,340,399 50 118 100,000 105,766 2,637,484 100 2,000,000 6,404,254 31,550,178 10 55 57 300,000 G99.970 7,079,965 50 107 Canton Nat Bank. . Citizens’ Nat Bank. . Commonw’lth Bank. Drov & Mechanics’ National Bank__ 600,000 1,063,433 14,967,289 Farm & Mer N Bank. 650,000 417,070 6,868,818 Mercantile Bank___ 100,000 402,585 4,011,894 Merchants Nat Bank 4,000,000 2,725,928 51,147,428 Nat Bank of Balt__ 1,500.000 1,273,578 19,186,237 Nat Cent Bk o f Balt. 400,000 537,083 4,110,320 Nat Marine Bank__ 400,000 305,895 4,322,070 Nat Un Bank o f M d 1,000,000 974,373 10,254,625 Old Town Nat Bank. 800,000 r380,525 3,688,344 500,000 373,480 3,938,175 West Baltimore Bank 100,000 121,000 1,767,163 Western Nat B an k.. 750,000 829,740 5,483,241 Baltimore Trust C o. 3,500,000 3,952,908 42,453,116 Century Trust C o__ 500,000 623,202 4,817,820 Colonial Trust C o__ 300,000 184,514 1,964,095 Commerce Trust C o. 750,000 317,459 2,530,657 Continental Tr C o .. 1,350,000 1,849,523 10,763,450 Equitable Trust C o. 1,250,000 1,370,384 17,516,171 Fidelity Trust C o __ 1,000,000 2,320,870 18,184,286 Maryland Trust C o. 1,000,000 698,607 15,040,767 Mercantile Tr & Dep 1,500,000 3,808,170 17,881,473 Safe Dep & Trust Co 1,200,000 4,013,445 17,412,263 Security Storage &Tr 200,000 1,228,086 254,286 Title Guar & Tr C o .. 400,000 562,287 8,291,398 1,000,000 1,413,692 18,595,539 Frederick— Citizens’ Nat B an k.. Comm’l State Bank. Farm & Mech N Bk. Frederick Co Nat Bk Fr’k Town Sav Inst. Central Trust C o__ 100,000 160,000 125,000 150,000 150,000 275,000 733,406 90,000 267,114 58,181 223,459 545,547 100 40 25 10 100 100 30 100 10 10 25 20 50 100 25 50 100 25 50 100 50 100 100 100 50 350 57 120 24 203 200 400 150 24 K 215 54 188 192 14 Vs 14^ 22 35 K 125K 125 40 58 K 59 210 53 220 155 200 306 625 325 300 175 5,944,436 100 900 2,571,864 40 62 3,086,730 25 55 1,918,131 15 18 2,923,575 100 200 7,539,214 50 175 rl ,773,456 7,962,000 6,207,000 26,482,000 269,865.000 55,134,000 14,242,000 165,010,000 13,947,000 35,392,000 12,602,000 25,143,260 c4,468,783 c25,192,115 16,695,406 c3,397,141 C2,787,015 17,612,781 c3,910,074 cl2,210,995 c20,543,433 24,140,080 164,044,224 1,409,392 43,051,002 18,274.524 2,178,709 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 115 170 100 322 340 375 221 213 380 210 380 265 275 460 165 175 195 125 205 285 275 415 110 125 175 105 324 350 223 390 268 278 175 185 105 Beverly— Beverly Nat B a n k .. Beverly Trust C o__ 300,000 100,000 389,968 46,449 Brockton— Brockton Nat Bank. Home Nat Bank___ Plymouth Co Tr C o. 600,000 500,000 200,000 Per share 627,664 8,006,326 100 175 9,219,758 100 165M 468,569 125 129,100 c3,636,529 100 Cambridge— East Cambridge Lechmere Nat Bank. Fall River— Fall River Nat Bank Massasoit-Pocasset National Bank ._ Metacomet Nat Bk. Durfee Trust C o___ Fall River Trust___ 2,993,190 100 155 1,323,679 100 105 2,624,172 t-45,762 200,000 344,827 4,920,529 100.000 492,900 1,071,296 13,279,506 830,543 10,061,353 400,000 100 100 100 100 160 110 Per share Per share k235 100,000 158,778 1,895,238 100 400,000 601,453 Per share 6,257,525 100 150 650,000 500,000 800,000 200,000 567,016 456,988 861,936 81,485 5,840,044 100 150 4,285,939 100 122 6,875,203 100 210 2,732,189 100 105 Fitchburg— Fitchburg Bk&Tr Co Safety Fund Nat Bk 500,000 500,000 556,858 609,341 Gloucester— Cape Ann Nat Bank. Gloucester Nat Bank Glouces S D TrCo._ 150,000 100,000 200,000 200,038 2,737,527 100 98,817 1,458,885 100 216,622 c4,770,911 100 4,704,727 7,408,387 Gross Surplus & Deposits. Profits. 155 Per share 100 160 165 100 165 175 160 fcl20 225 Bid. Merrimack Nat Bank Haverhill Trust C o_ $ 278,185 214 885 751 020 318,568 124,126 Holyoke— City National Bank. Holyoke Nat B an k .. Park National Bank. Hadley Falls Tr C o_ 500,000 400,000 100,000 500,000 346,683 4,578,833 100 140 196,566 8,208,452 100 148 95,796 1,767,526 100 132 393,359 c9,493,187 100 165 Lawrence— Bay State Nat Bank. Arlington Trust C o .. Lawrence Trust Co Merchants’ Trust Co 600,000 200,000 200,000 300,000 298,046 5,064,691 100 194,929 7,364,811 100 340,347 10,117,353 100 195,000 c8,272,150 100 Lowell— Appleton Nat Bank. Old Lowell Nat Bank Union National Bank Wamesit Nat Bank. Lowell Trust C o. . . Middlesex Nat Bank 300,000 200,000 350,000 250,000 240,000 200,000 315,986 297,061 963,713 172,813 127,488 119,756 1.867,974 5,051,467 4,544,259 727,995 3,264,832 4,583,389 100 100 100 100 100 100 200,000 200,000 300,000 200,000 250,000 100,000 125,000 200,000 570,541 300.505 317,982 14,931 462,687 481,837 23,311 360,060 6,076,260 5,035.845 5,558,880 1,582,470 3,412,493 4,582,525 cl ,630,584 c8,494,287 100 100 100 100 100 100 100 100 New Bedford— First National Bank 500,000 Merchants’ Nat Bk. 1,000,000 Safe Deposit Nat Bk 500,000 876,821 1,873,402 807,166 Lynn— Central Nat Bank__ Manufac’rs Nat B k. National City Bank. State National Bank Lynn S Dep & Tr Co Sagamore Trust C o . . Security Trust C o__ Peabody—■ Warren Nat Bank__ Ask. 165 Per 190 145 145 190 share. 195 150 150 197 Per 130 115 250 112 110 share. 135 125 255 115 115 150 Per share. 255 156 160 90 197 y2 370 92 225 Per share. 11,752.890 100 290 300 9,295,501 100 325 325 8,075,173 100 280 Per share. 120 100 120 200,000 234,317 2,643.743 200,000 250,000 200,000 314,041 420,896 35,000 Per share. 87 50 87 4,204,798 5 JJ81.815 100 175 175 100 2,082,650 100 Springfield— Chapin Nat Bank . 500,000 Chicopee Nat Bank. 500,000 Springfield Nat Bank 500,000 Third National Batik 1,000,000 Commercial Tr C o. 350,000 Springfield S D & Tr 500,000 snn non West Springfield T r. 150,000 580,792 991,269 1,094,018 1,966,412 173,382 1,629,640 1 721 072 120,591 Salem— Merchants Nat Bank Naumkeag Trust Co Worcester— Mechanics’ Nat B k. Merchants’ Nat Bk Bancroft Trust Co . Worcester Bk Tr C o. 400,000 676,396 16,076,514 1,500,000 1,123,956 25,671,120 2,980,014 300,000 122,671 1,500,000 2,024,377 33,136,877 1,500,000 2,000,000 1,000,000 1,000,000 _____ Per share. 1,550,211 100 4,640,590 100 100 120 202,355 198,080 200,000 300,000 MICHIGAN— National banks June Bay City— Bay City Bank _ 350,000 400,000 Farmers’ St Sav B k. 100,000 400,000 People’s Commercial & Savings B an k .. 400,000 Detroit— American State Bank Bank o f Detroit-----Central Savgs Bank. Commercial St S Bk. Com’wealth Federal Savings Bank___ Detroit Savings Bank Dime Savings Bank. First National BatikFirst State Bank-----Highland Pk StateBk Merchants’ Nat B k. 7,425,243 100 160 10,809,675 100 240 12,769,703 100 265 17,085,751 100 320 3,502,677 100 130 10,269,367 100 400 14 067,882 100 485 120 1,750,420 Per 100 225 100 190 100 100 240 share. 200 125 245 30;\State institutions June 30. 280,705 249,806 84,904 361,095 4,744,777 6,058,398 1,459.649 5,949,002 744,525 10,851,613 559,298 c28,906,373 837,327 c42,565,021 994,696 c33,292,987 221,313 c7,648,120 Per share. 100 170 200 100 100 150 175 100 100 225 100 100 100 100 300 Per share. 198 167 300 305 115 cl2,230,405 c36,785,097 c59.141.797 115.033,813 cl9.302.171 c30,225,016 31,200,449 3,286,429 62,414,395 C41,662,464 C141606.073 cl2.527.037 C105653.748 13,482,749 gll3,082 g22,122,822 (74,798,416 126,224 g12,528,561 (723,380,183 100 100 100 100 100 100 100 100 100 I00 I00 100 100 100 100 100 100 100 100 100 350 300 Grand Rapids— Fourth Nat Bank__ 300,000 417,889 4,709,783 Grand Rap Nat Bank 1,000,000 495,027 12,234,796 Grand Rap Sav Bank 500,000 646.948 C20,502,389 Home State Bk for S_ 250,000 66,967 c3,887,446 Kent State Bank___ 1,000,000 845,116 c20,516,776 Old National Bank. . 800,000 1,055,580 12,888,696 Grand Rapids Tr C o. 300,000 305,241 (7667,809 Michigan Trust C o .. 1,000,000 730,539 (71,048,099 100 100 100 100 100 100 100 100 Per share. 235 150 160 270 155 210 235 220 200 Nat Bk o f Commerce Peninsular State B k. People’s State Bank. United Savings Bank Wayne Co Ho SavBk American Trust C o .. Detroit Trust C o___ Guaranty Trust C o . . Security Trust C o__ 750,000 1,500,000 1,500,000 5,000,000 2,500,000 1,000,000 2,000,000 250,000 2,000,000 2,500,000 5,000,000 750,000 4,000,000 1,000,000 500,000 2,000,000 500,000 300,000 1,000,000 2,000,000 269,110 2,582,181 3,213,302 6,127,552 886,910 1,477,262 1,742,070 56,679 2,928,927 1,884,605 11,076,942 474,370 8,399,876 591,625 502,484 5,161,291 305,367 334,148 2,115,532 1,573,405 138 295 340 320 140 300 210 320 460 225 425 107 140 fc220 410 Saginaw— Per Bank o f Saginaw____ 1,000,000 1,100,542 17,735,727 100 215 American State Bank 200,000 203,975 4,709.707 100 225 People’s Sav B an k .. 136,119 c2,543,836 100 225 100,000 Second Nat Bank__ 1,250,000 1,616,422 11,747,650 100 235 £200 375 share. 220 235 235 240 MINNESOTA— National banks June 30; State institutions^June 30. Duluth— Per share. Amer Exch Nat Bank 2,000,000 1,374,122 15,585,641 100 180 Bank o f Comm & Sav 200,000 1 072,976 100 105 47,555 110 City National Bank 500,000 520,818 6,098,318 100 210 Duluth Nat Bank. . 200,000 77,880 1.830,988 100 145 First National Bank 2,000,000 2,229,446 18,428,759 100 225 Minnesota Nat Bank 600,000 164,297 3,853.316 100 135 Northern Nat Bank. 1,000,000 459,809 7,050,751 100 200 * Sale price, x Ex-dividend, k Last sale, g Includes trust deposits, o Dec. 31 1024. c Includes savings deposits, r April 6 1925. n Nominal, t Defalcation $70,000. i Stock practically all held by Union Safe Deposit & Trust Co. Par. Per share. $ ’ 2,983,732 100 150 150 3 617.632 100 3 020,577 100 2,162,190 100 150 115 c3,660,651 100 $ ' 100,000 200,000 200,000 240,000 200,000 Taunton— Nat. banks date July 29 192 5 Per share 3,668,410 85.577,000 101) 228 232 60,487 3,037,000 100 7-100 000 505,895 450,000 610,779 23,249,048 5,979.976 2,586,749 7,996,889 1,565,562 4,625,120 1,343,062 2,776,010 156,671 1,963.648 3,806,453 24.298 117,033 1,244,238 65,659 754,030 844,384 2,638.247 12,108,102 s24,574 2,862,255 1,443,759 92,895 Haverhill— Essex National Bank Briston County T r._ MASSACHUSETTS— Nat. banks (ear Boston) June 30; Stateinsts. June 30. Boston— Deposits of Atlantic Nat B an k.. 5,000,000 Boston Nat Bank __ 200,000 Brotherhood o f Loco Engin Nat Bank. . 500,000 Citizens’ Nat Bank. 750,000 Comm Sec Nat Bank 500,000 Federal Nat Bank— 1,500,000 First National Bank. 20,000,000 Merchants’ Nat Bk. 3,000,000 Nat Rock Bk o f Rox 1 000,000 Nat Shawmut Bank. 10,000,000 Nat Union Bank------ 1,000,000 Second Nat Bank__ 2,000,000 Web & Atlas N B k. . 1,000,000 American Trust C o .. 1,500,000 Bk o f Comm & Tr Co 600,000 Beacon Trust C o___ 1,000,000 Boston S Dep & Tr__ 1,000,000 Charlestown Tr C o .. 200,000 Columbia Trust C o . _ 100,000 Exchange Trust C o . _ 1,000,000 Jamaica Plain Trust. 200,000 Liberty Trust C o__ 750,000 1,000,000 1,000,000 Old Colony Trust Co 10,000,000 200,000 State Street Tr C o .. 2,000,000 1,000,000 100,000 Capital. Ask. Bangor— First National BankMerchants’ Nat Bk_ Eastern Tr & Bkg Co Merrill Trust C o____ Baltimore— Balt Comm'l B an k.. [V ol. 121. t Mar. 31 1925. t Ex-rights. MINNESOTA (C on cl .)— N a tio n a l banks J u n e 30; State in stitu tion s Ju n e 30. C apital. M inneapolis— First National Bank. Hennepin Co Sav Bk Marquette Nat Bank Mercantile State BkMerch & M frs St Bk_ Metropol Nat Bank. Midland Nat Bank . Northwest Nat Bank Union State Bank Marquette Trust Co_ Minn Loan & T r C o. Su rplus & P ro fits. G ross D ep o sits. P a r. B id . P er $ $ $ 1,784,301 100 250,00C 174,033 5,500,000 5.378,216 89,054,026 100 245 226,406 10.439.92C 10C 500,00C e35,000 1,280,000 100 200,000 e66,706 2,060,775 10C 95 250,OOC e27,ll£ 1,458,248 10C 100,OOC 243.838 9,254,004 IOC 135 500,000 609,488 18,399,975 IOC 165 1,000,000 951,644 14,971,802 100 1,000,000 4,000,000 2,505,796 82,108,440 100 230 1,837,852 100 e73,736 100,OOC 1,706,862 100 62,884 200,000 1,000,000 el ,477,193 12,299,646 100 St. Paul— American Nat Bank. 216,449 10,089,242 400,000 Commercial State Bk 110,247 2,541,428 50,OOC First National Bank 3,000,OOC 3,357,864 50,371,577 Merchants’ Nat Bk 2,000,000 2,251,329 42,550,189 Nat Exchange Bank 115,346 5,447,787 300.00C St Paul State Bank. _ e53,513 1,485,098 100,OOC Payne Ave State Bk e41,314 1,042,425 120,000 Stock Yards Nat Bk e87,780 3,645,487 350,000 Twin Cities Nat B k. 41,170 896,634 200,000 411,033 7,242,714 500,000 Central Trust Co . . e44,452 2,081,188 200,000 Northwestern Trust. 10,000,000 e336,626 2,529,904 100 100 100 100 100 100 100 100 100 100 100 100 150,000 100,000 300,000 250,000 100,000 100,000 e25,277 e61,00C 239,807 303,458 82,044 128,897 MISSOURI— N a tion a l banks Ju n e 30; State Kansas City— 339,253 City Bank o f K C __ 100,000 68,421 Columbia Nat Bank 500,000 193,544 Liberty Nat Bank . 500,000 192,789 Drovers’ Nat B an k.. 1,000,000 First National Bank. 1,000,000 3,343,378 100,849 200,000 Gate City Nat Bank 500,000 1,003,304 Interstate Nat Bank. 100,000 19,777 Linwood State Bank 52,939 100,000 Main St State Bank. Merchants’ Bank _. 200,000 91,076 100,000 Metropolitan Bank. . 108,933 100,000 150,000 Missouri Sav Assn Bk 100.000 44,071 Mutual Bank. . 520.547 New Eng N Bk & Tr 1,000,000 100,000 120,537 Produce Exch Bank. 200,000 139,108 Traders’ Nat Bank 300,000 178,623 Stock Yards Nat Bk. 150,000 53,208 Union State Bank. . 250,000 Western Exch Bank. 155,477 100,000 71,388 Westport Ave Bank. Commerce Trust C o. 6,000,000 2,412,738 200,000 45,984 Federal Trust C o . . 819,507 Fidelity Nat Bk & Tr 2,000,000 300,000 127,586 200,000 122,557 Mercantile Trust C o. 500,000 51,525 Peoples Trust C o__ 267,500 Pioneer Trust Co 405,805 250,000 237,532 250,000 Walton Trust C o____ 236,367 St. Joseph— American Nat Bank Burnes Nat Bank . First National Bank. Bartlett Trust C o__ Buchanan Co Tr C o. Empire Trust Co First Trust Co . — Missouri Vail Tr C o. St. Louis— Boatmen’s Bank___ Cass Avenue Bank Cherokee Nat Bank. First National Bank. Grand Ave Nat’l Bk Internat Bank St L Jeff-Gravois Bank . Lafayette So Side Bk Lowell Bank__ __ Manchester Bank Merch Laclede Nat Nat Bank o f Comm. National City Bank Scruggs, Vandervoort Sec N B S Trust C o. South’n Com & Sav St Louis Nat Bank State National Bank Tower Grove Bank . Twelfth St Nat Bank United States Bank Water Tower Bank American Trust C o. _ Broadway Sav Tr Co Chouteau Trust Co . City Trust Co Easton-Taylor Tr Co Farm & M erch Tr Co Laclede Trust Co Liberty Cent Tr Co Mercantile Trust C o. Miss Vail Trust C o .. Mound City Tr C o .. North St Louis Tr Co Northwest’n Tr C o. _ Savings Trust C o__ South Side Trust Co Webster Groves T r . . West St Louis Tr Co 200,000 200,000 500,000 350,000 200,000 100,000 100,000 200,000 100,000 100,000 315,289 176,464 47S.249 ffl76,663 '235,916 203,809 6,557 161,211 164,871 149,040 200,000 2,000,000 200,000 200,000 186,630 10,000,000 1,000,000 200,000 1,000,000 200,000 200,000 1,000,000 200,000 500,000 1,700,000 10,000,000 1,000,000 140,451 1,140,061 832,333 265,258 28,492 6,613,492 418,376 el04,376 264,412 233,928 el59,976 1,155,312 146,575 232,248 1,877,621 3,964,873 345,203 200,000 250,000 200,000 200,000 2,000,000 400,000 300,000 1,000,000 200,000 1,000,000 200,000 200,000 200,000 200,000 400,000 200,000 3,000,000 3,000,000 3,000,000 200,000 200,000 500,000 200,000 200,000 100,000 200,000 75,843 157,358 el74,246 e49,658 1,036,397 144,705 e60,000 560,126 e97,090 591,625 e89,552 el02,444 e88,013 45,617 e210,903 111,936 667,102 7,716,304 4,380,025 e55,000 80,934 ' e848,998 112,108 101,009 82,438 el27,164 1,190,322 300,OOC 2,496,239 1,612,799 2,764,743 2.273.095 25 100 10(1 100 100 100 share. 250 250 105 175 142 180 240 200 200 Per share. 150 400 160 225 90 90 85 100 100 230 100 120 110 115 110 75 90 XPer share. 25 105 165 225 210 215 25 165 225 210 _____ institu tion s Ju n e 30. 7,806,928 3,626,024 6,157,166 10,455,519 50,517,959 4,263,340 10,396,842 1,004,674 1,935,728 3,031,533 3,555,245 4,293,642 2,019,750 15,137,814 2,174,059 5,110,618 4,156,805 1,618,763 3,051,887 1,577,956 99,918,430 2,515,383 26,505,235 6,034,627 2,320,410 6,321,725 3,661,930 5,263,026 1,461,180 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 9,099,529 100 4,663,363 100 6,222,461 100 4,830,376 100 7,668,667 100 3,325,209 100 1,009,050 100 2,740,899 100 2,774,823 100 1,655,053 100 Per share. 450 95 135 2,007,461 5,605,942 3,535,744 2,187,790 17,888,923 7,167,616 1,538,958 8,019,963 1,351,792 13,482,750 1,947,963 1,708,666 1,709,286 1,696,740 5,358,648 1,846,544 32,758,929 59,972,272 31,025,573 2,200,000 2,911,182 8,559,874 3,212,016 2,701,295 1,317,420 3,000,784 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 ___ 100 100 125 700 210 400 105 650 200 350 100 125 200 170 700 123 160 300 200 220 154 200 190 198 100 168 170 350 150 260 270 200 200 C a pital. B utte— Miners S Bk & Tr Co Helena— Union Bank & Tr Co Omaha— First National Bank. Live Stock Nat Bank Merchants’ Nat B k. Omaha Nat Bank. Packers Nat B an k.. Peters Nat Bank . . Stock Yards Nat Bk State B an k.. . U S National Bank _ Union State Bank__ Nashua—City Guar Sav Bank Indian Head Nat Bk Nashua Trust Co Second Nat ofNashua P ortsm ou th First National Bank. Nat Mech & Trad Bk New Hamp Nat B k. 175 0200 200 200 110 150 175 175 350 115 160 200 200 143 275 21534 150 190 160 195 147 130 114 157 M 175 185 110 120 173 210 130 125 132 140 150 160 125 135 150 155 110 125 135 155 190 140 150 100 105 397 400 271 275 135 145 140 180 190 150 180 190 160 175 150 160 200,000 250,000 150,000 250,000 238,246 151,857 124,060 282,819 1,250,000 650,000 1,000,000 1,000,000 200,000 200,000 750,000 300,000 1,100,000 200,000 P a r. B id . A sk. P er share. 100 3,768,750 100 2,944,988 100 2,014,151 100 2,719,329 100 30; State in stitu tio n s M a r . 31. ■r 132,060 3,738,916 113,908 3,267,965 574,658 10,497,575 256,520 5,382,462 33,890 2,595,606 1,035,702 46,414 651,896 1,156,782 160,996 102,763 793,302 153,305 740,284 50,621 100 100 100 100 100 P er share. Z170 135 24,220,541 100 195 4,716,475 100 75 13,942,002 100 140 28,929,725 100 250 5,027,064 100 175 2,837,303 100 130 8,125,486 100 150 6,576,181 100 180 20,492,780 100 185 1,940,483 100 90 5200,000 100,000 200,000 150,000 110,427 298,869 398,499 236,772 210 95 300 200 150 175 195 200 105 107,187 150.000 44,637 100.000 100,000 5g 137,823 3,364,517 100 100 3,630,968 100 250 4,556,063 100 170 3,659,396 100 200 120 255 190 210 1,839,148 918,638 922,722 P er share. 400,000 100,000 150,000 175,000 638,378 65,232 181,802 342,877 6,186,915 1,837,456 3,156,726 4,772,431 200,000 400,000 200,000 250,000 100,000 200,000 300,000 100,000 100,000 600,000 200,000 200,000 982,076 750,165 561,163 198.49C 231,431 394,840 542,37C 150,048 101,057 707,151 322,547 456,985 8,545,01E 2,114,579 5,666,757 5,051,61C 2,146,858 2,781,703 6,121,729 2,726,619 1,779,199 6,217,690 4,073,841 4,923,968 10C 100 100 500 B ayonne—Bayonne Trust C o. Mechanics’ Trust Co 300,000 500,000 460,584 532,258 7,740,006 9,595,026 10C 215 50 125 B ridgeton— Bridgeton Nat Bank Cumberland Nat B k. Farm & Mer Nat B k. Cumberland Tr C o .. 100,000 150,000 150,000 150,000 294,839 557,732 171.613 222,326 2,192,840 10C *415 2,699,903 101 550 1,422,708 10(1 235 1,646,850 100 310 A tla n tic City— Chelsea Nat B an k.. Atlantic Co Trust Co Guarantee Trust Co Per share. * $ 641,664 10,907,141 1,382,732 e93,756 341,422 12,196,507 NEW JERSEY— N a tio n a l banks Ju n e 30; State in stitu tion s J u n e 30 131 210 200 202 115 173 $ 300,000 200,000 400,000 NEW HAMPSHIRE— N a tio n a l banks Ju n e 30; State in stitu tion s J u n e 30. Per share. M anchester—• 699,049 4,532,459 100 300 Amoskeag Nat Bank 200,000 266,130 1,555,935 100 200 First National Bank 150,000 Manchester Nat Bk. 365,155 2,218,841 100 250 150,000 Merchants Nat Bank 65,161 150,000 2,017,813 100 150 A sbury Park— 325 225 S u rp lu s & Gross P ro fits. ■ D ep o sits. NEBRASKA— N a tio n a l banks Ju n e L in coln — Central Nat Bank 200,000 500,000 525,000 300,000 Lincoln State Nat Bk 200,000 180 350 2,098,190 100 28,318,293 100 142 5,949,655 101) 420 4,618,370 100 260 493,610 100 *125 129,083,533 100 214 12,253,480 100 2,940,413 100 150 8,138,007 100 140 4,514,203 100 247 4,061,631 100 180 22,604,332 100 320 3,715,165 100 150 5,414,489 100 1873^ 21,937,214 100 270 72,508,956 100 1463^ 13,239,293 ___ 125 MONTANA.— N a tio n a l banks Ju n e 30; State in stitu tion s J u n e 30. A sk. MISSISSIPPI— N a tio n a l banks Jun e 30; State in stitu tio n s Jun e 30. Jackson— P er share. Capital Nat Bank. 288,358 3,575,683 100 200,OOC Citizens Sav Bk & Tr 64,418 1,204,310 50,000 First National Bank. 300,205 2,389,290 100 200,000 Jackson-State N Bk 89,468 2,051,730 200,000 250,000 533,765 6,564,131 V icksburg— Amer Bank & Tr Co Citizens’ Nat B ank.. First National Bank. Merchants’ Nat Bk Nat City S B & Tr Co Nat Peop S Bk & T r. 59 BANKS AND TRUST COMPANIES A ug., 1925.] 100 100 10C 100 263 100 Camden— 557,591 Camden Nat Bank _ 100,000 5,786,120 106 First Nat State Bank 1,000,000 1,347,745 18,580,600 10(1 25 Camden S D & Tr Co 500,000 1,366,844 12,361,566 396,103 Broadway Trust C o. 250,000 4,902,193 100 508,530 3,538,688 25 100,000 Central Trust Co 114,432 2,100,904 100 East End Trust Co . 100,000 209,463 Merchants’ Trust Co 200,000 4.042,073 100 314,026 2,684,622 100 Parkside Trust C o .. 200,000 457,763 Security Trust C o__ 100,000 4,434,288 100 West Jersey Trust Co 596,338 200,000 4,040,195 100 East Orange— East Orange Bank Sav Inv & Trust Co Essex County Tr C o. 100,000 250,000 750,000 500,000 E lizabeth— Elizabethport Bk Co National State Bank Peoples Nat Bank Central Home Tr Co Elizabeth Trust Co Union County Tr Co 250,000 700,000 200,000 200,000 500,000 400,000 H oboken—First National Bank Second Nat Bank. Columbia Trust Co Hoboken Trust C o. Hudson Trust Co Jefferson Trust Co__ Steneck Trust C o__ 32,978 el65,245 575,413 427,413 1,027,110 3,568,763 14,903,762 9,004,597 362,782 5,763,233 1,002,239 10,706,015 148,341 3,176,174 80,817 2,119,049 317,243 4,943,786 693,454 11,625,016 *350 550 235 310 Per share. *400 *300 M *122 y2 *252 *106 *200 *250 *250 *500 *425 100 100 185 100 260 100 300 100 50 100 100 100 100 25 500,000 1,139,276 12,450,367 170,239 6,786,814 100 700,000 95,394 100,000 1,774,518 100 278,636 200,000 5,010,748 100 1,000,000 1,891,156 32,071,368 100 272,204 400,000 7,050,854 100 637,200 11,011,940 100 600,000 P er share. 225 120 160 150 175 400 Per share. 95^ 150 200 170 250 300 410 200 225 250 Jersey C ity— P er 60,210 Bergen Nat Bank . 250,000 1,992,955 100 165 Claremont B an k.. . 402,727 9,085,902 100 250 200,000 First National Bank 1,000,000 1,686,194 18,257,118 100 210 Franklin Nat Bank. . 82,205 200,000 1,668,754 100 135 Merchants’ Nat Bk 202,704 4,987,724 100 245 250,000 Commercial Tr N J 2,000,000 2,463,802 53,597,454 100 350 Greenv Bk & Tr Co 363,896 6,984,055 100 300 200,000 Lincoln Trust Co 600,000 604,805 5,962,028 100 210 Mercantile Trust C o. 275,000 9,490,949 100 400 200,000 N J T Guar & Tr Co 1,300,000 1,268,558 23,710,932 100 380 Trust Co o f N J 2,500,000 2,592,621 56,347,000 100 365 Un Tr & Hud Co N B 750,000 1,250,671 21,642,336 100 370 West Bergen Tr C o .. 200,000 72,482 1,386,901 100 138 share. 220 230 390 * Sale price, c Nominal quotations, k New stock, x Ex-dividend, y Capital to be increased, n Including Fidelity Sav. & Tr.lstock. I Last sale, r Mar. 20 1925. s Guaranty Fund, a Includes Minn. L. & Tr. stock, b Includes Minneapolis Trust Co. f Includes Merch. T r . & Sav. Bank, s Do no commercial banking, d Mar. 31 1924. e April 6 1925. g Dec. 31 1924. 60 [Vol. 121. BANKS AND TRUST COMPANIES NEW JERSEY— (C oncluded) Capital. Surplus & Profits. Gross Deposits. NEW YORK— (Continued). Par. Bid. Long Branch— Citizens’ Nat Bank Long Branch Bkg Co $ 100,000 150,000 % 230,000 172,839 $ 2,365,000 2,315,724 Morristown— First National Bank National Iron Bank American Trust Co . Morristown Trust Co 200,000 200,000 150,000 600,000 341,769 140,098 119,229 984,795 4,838,770 100 50 5,324,003 1,838,792 100 8,478,821 100 Mt. Holly— M t Holly Nat Bank. Union Nat Bank. _ Farmers’ Trust Co . M t Holly S D & T r .. 100,000 100,000 200,000 100,000 77,918 207,450 123,382 169,680 Per 822,915 25 38 50 135 1,404,271 1,025,726 100 120 633,894 100 135 Newark— American Nat Bank Broad & Market N B Cit N B k & Tr C o ... Lincoln Nat Bank . Mer & M frs N B k. _ Mutual Bk o f Rosev. Nat Newark & Essex Banking Co . National State Bank North Ward Nat Bk City Trust C o . __ Clinton Trust Co Federal Trust Co Fidelity Union Tr Co Ironbound Trust Co Liberty Trust C o__ Newark Trust Co . So Side N B & T Co Springfield Av Tr Co Vailsburg Trust Co Washington Trust Co Weequahic Trust Co West Side Trust C o. New Brunswick Cits Nat Bk o f N Br. Nat Bank o f N J . . Peoples Nat Bank__ Middlesex TG&T Co New Brunsw Tr C o .. Per share 100 325 50 200 220 Per share. (240 (100 (140 1230 500,000 1,079,191 15,143,634 100 400 560,683 200,000 8,940,885 100 400 112,141 200,000 958,352 100 160 300,000 <7154,056 1,460,035 100 200 1,350,000 1,840,131 14,308,113 100 300 214,409 2,416,168 100 190 200,000 2,500,000 1,561,568 32,640,326 100 300 500,000 1,018,209 7,175,876 100 325 854,967 12,103,104 109 450 400.000 300,000 <7372,581 4 506 688 100 305 446,883 400,000 7,775,795 100 300 2,500.000 1,665,949 25,273,145 100 415 5,250,000 4,892,581 72,432,810 100 425 752,707 14,756.835 100 500 500,000 123,999 2,268,609 100 160 200.000 102,243 2,193,246 100 250 200,000 56,000 200,000 415,000 100 125 405,381 200,000 7.645,922 100 400 82,327 200,000 1,623,122 100 190 402,257 3,746,908 100 310 300.000 168,162 2,723,528 100 265 200.000 600,000 <7734,245 8,215,328 100 475 250,000 500,000 200.000 100,000 300,000 North & West Hu dson—• First Nat Bk, Town 150,000 First N Bk, West N Y 100,000 Common w’lth Tr Co 600,000 Guttenberg B & T Co 100,000 Weehawken Tr Co . 600,000 Highland Trust C o .. 300,000 Per 50,000 1,246,714 100 125 935,000 12,847,079 100 325 258,103 3,714,094 100 265 102,498 2,091,738 100 175 378,980 5,209,127 100 270 65,998 149,721 629,160 135,409 200,000 191,962 2 728 014 3,967 ,*428 7,621,753 3,992,625 8,639,737 4,832,712 100 100 100 100 100 100 share. 40 150 125 150 310 310 425 435 share 350 275 195 180 160 300 300 175 240 Per 123,273 100.000 1,909,837 100 1,500.000 1,894,909 22,839.796 100 243,985 4 202 512 100 200,000 338,048 3,940,395 100 450 300,000 928,642 400,000 9,307,278 100 320 245,039 400,000 1,500,130 100 share 260 225 Paterson—Per First National Bank 778,786 600.000 9,648,757 100 410 Paterson Nat Bank 1,200.000 1,017,751 15,634.557 100 280 Second Nat Bank. _ 750.000 1,094,077 11,779,527 50 220 345,597 Nat Bank o f Amer 500.000 4,019.159 100 195 Paterson Sav Inst . 1,000.000 c l,703,185 22,151.234 25 140 675,000 Citizens’ Trust C o .. 500.000 9,329,635 100 350 Franklin Trust Co 400,190 150.000 3,406,125 100 315 Hamilton Trust C o. 553,276 12,157,499 100 280 600,000 U S Trust Co _ 350,000 1,352,856 18,210,726 100 550 share 420 290 230 200 150 360 Passaic— Merchants Bank . Passaic N Bk&Tr Co City Trust Co . Hobart Trust C o___ People’s Bk & Tr C o. Service Trust Co _ . Plainfield— City National Bank. First National Bank Plainfield Trust Co . Trenton— Broad St Nat Bank Capital City Tr C o .. First National Bank Hanover Trust Co Mechanics’ Nat Bk Trenton Banking Co Colonial Trust Co . Mercer Trust Co Trenton Trust Co Wilbur Trust C o____ 150,000 200,000 609,300 100,000 250,000 150,000 500,000 200,000 1,000,000 750,000 100,000 200,000 750,000 100,000 305,098 6,661,447 100 263,555 6,089,205 100 831,506 12,442,359 100 156,584 3,712,568 100 835,377 140,676 1,167,673 148,776 1,574,776 1,288,408 171,025 498,684 1,092,298 46.000 10,994,706 1,228.624 10,184,040 3,689,859 18,983,507 13,784,727 3,590,074 6,338,807 11,937,392 1.600,000 100 100 100 100 50 50 100 100 100 100 Capital. Ask. 320 290 600 (200 (230 (225 190 400 200 350 200 260 175 225 275 225 165 NEW YORK— National banks (excevt New York City), June 30; State insti tutions, June 30 1925. Per A lbany—Central Bank______ 100,000 98,485 2,332,261 100 165 First National Bank. 600.000 1,019,656 12,858,485 100 230 Mech & Farmers___ 250,000 1,222,896 3,950,260 100 500 Nat Com Bk & Tr C o . 1,500,000 3,655,528 46,921,558 100 360 N Y State Nat Bank. 1,250,000 2,174,208 40,651,340 100 235 Albany Trust C o ___ 400,000 667,361 10,905,521 100 232 share 1X0 240 550 375 250 250 A uburn— Cayuga Co Nat B k._ Nat Bank o f Auburn Auburn Trust C o__ 200,000 200,000 150,000 359,596 188,794 397,971 3,354,791 4,121,442 6,209,623 Per 100 100 100 300 share (210 (125 400 Binghamton— Citizens Bank______ City National Bank. First National Bank. People’s Trust C o__ 150,000 200,000 400,000 500,000 81.447 445,911 534,787 510,688 2,398,406 6,345,567 8,493,432 7,397,724 100 100 100 100 Per 120 275 210 160 share 130 300 220 170 Buffalo— Liberty Bank. $ 2,000,000 2,000,000 1,000,000 People’s Bank. 550,000 2,500,000 1,000,000 Marine Trust C o___ 11,250,000 Elmira—Merchants’ Nat Bk_ 250,000 400,000 600,000 Surplus & Profits. Gross Deposits. $ 2.992,058 2,621,649 1,102,935 466,346 3,114,036 1.917,692 13,367,282 S 47,191,100 60,080,034 26,033,934 11,360,087 52,462,027 30.218,155 142,953,121 239,175 893,908 844.252 Par. Bid. Ask. 100 100 100 100 100 100 100 Per 320 280 269 225 390 315 290 share 335 287 275 325 295 Per share 5 3,148,943 100 225 8,260,032 100 305 9,609,783 100 275 Deposits N ew York Ci ty banks are repo rted ne t and Surplus an d profits are of da te June 30 ’25 are of date A ’ig. 1 1925. for National and June 30 ’25 for Slat e banks. A divi dend r ecord companies in New Yo rk City and Broo klyn m ay be found in our “ Ra Iway and I ndustrial" Section, pag e224 Per share $ % $ 200,000 137,700 95,322,900 Amalg Bank of N Y. 5,000,000 8,516,035 104.899,000 100 (377 385 800,700 301,400 96,535,900 100 155 6,500,000 5,120,129 96,823,000 100 285 295 450,000 437,800 99.708,200 100 Bank of Europe 184 10,000,000 14,230,341 153,086,000 50 181 3,000,000 1,565,800 961,497.200 100 265 275 200,000 543.100 8,353,000 100 400 150,000 811,500 9837,900 250,000 917,990 4,715,000 100 800 925 Bowery Bank _ 300,000 187,400 96,127,300 100 200 150,000 633,225 96,923,652 100 575 __ 300,000 223,700 96,543,700 100 190 200.000 203,700 92,439.700 100 215 225 2,000,000 818.200 923,533,300 100 195 200 Capitol Nat Bank. 20,000,000 26,388,073 370 189,000 100 468 472 Cent Mercantile Bk. 1,500,000 1,007,700 016,785,100 100 275 290 Chatham & Pheni; 13,500,000 12,554,250 201,506,000 100 325 330 678,600! <715,481,200 100 212 217 Chelsea Exch B an k.. 1,500,000 4.500,000 17.166,700 116,595.000 100 670 675 1,500,000 1,476,769 18,660,000 100 290 1,200,000 2,469,700 28.430,000 100 500 Colonial Bank. 600,000 1,030,046 12,478,000 100 320 330 1,000.000 1,123,800 6,772,000 100 220 230 10,000,000 13,777,400 199,389,000 100 506 512 400,000 179,800 97.788,600 100 190 100,000 28,400 91,227,500 2,500,000 2,251,600 40.006,000 100 315 325 250,000 322.319 9.1,909,128 500,000 2,787,100 23,907,000 Too 1900 2200 Fifth Avenue B an k.. 10,000,000 70,102,900 213,965,000 100 2850 2900 800,000 454,100 94,784,800 Garfield Nat Bank.. 1,000,000 1,686,000 17,049,000 100 375 100,000 105.200 9l .141,500 Gimbel Bros Bank. _. 502,400 <(17,201,300 100 170 180 Gotham Nat Bank.. 1,500.000 1.000.000 1,878,804 8.754,000 100 270 1,000,000 2,485,600 23,375,000 100 415 372,900 98,513,300 100 175 185 Hamilton Nat Bank. 1,000.000 1040 Hanover Nat B an k.. 5,000,000 24,391,800 106.571,000 100 1010 Harriman Nat Bank- 1,000,000 1,363,461 <741,518,243 100 485 495 250,000 206,756 93,730,199 250,000 94,223 91.134,688 640,919 97,312,749 Liberty Nat Bank__ 1,500.000 200,000 81,600 93,147,600 Longacre Bank____ 200,000 31.813 92,043.716 Madison State Bank10,000,000 16,280.130 173,009,000 100 412 418 500,000 734,600 916,892,700 100 445 Mutual Bank. 1,000,000 581,851 98,781,817 100 175 190 1,000,000 331,038 910,483,500 25 150 160 25,000,000 40,234,038 293,941,000 100 373 376 50,000,000 62,255.584 731,471,000 100 491 495 10,000,000 23,761,200 135,038,000 100 505 515 600,000 363,900 912,117,000 100 250 265 t l , 000,000 1,716,800 32.582,000 100 300 200,000 42,500 91,821,500 100 117 125 100,000 61,624 92,262,156 100 Peoples Comm’l Bk. 100.000 86,400 92,031,600 190 150,000 57. fiflft n1 .270.800 Prisco State Bank . . 4,000,000 6,624,400 o l0 5 130200 100 505 510 Public Nat Bank__ 5,000,000 8,448,506 109,976,000 100 595 605 600,000 97,073 94,550,190 100 130 155 200,000 200,400 94,837,900 100 380 415 Standard Bank___ 3,500,000 5,477.050 96,809,000 100 520 530 State Bank________ O500.000 243,079 92,320,778 120 145 Trade Bank o f N Y . 1,000,000 766.142 <713,389,633 180 100,000 33,838 91,050,379 te June 30 1925. American Trust Co_. 3,000,000 2,039,300 40,769,100 100 563,507 10,819,729 Analo South Am Tr. 1,000,000 1,000,000 538,458 7,550.523 4,000,000 12,519,900 101,256,800 100 605 615 Bankers Trust C o__ 20,000,000,27,999,064 442,449,533 100 495 500 i 750,000 310,158 9,569,310 100 190 200 ! Brotherhood 700.000 2fifi.5fi3 5,305.056 Eng Co-Op Tr Co.1 3 12,500,000 25,592,987 258,685,374 100 890 900 4,000,000 3,653,000 72,521,200 100 350 370 Empire Trust C o. 23.000,000 11,685.214 407,397,540 100 288 292 Farmers’ L & Tr Co. 10,000,000 18,028.028 164,136.614 100 555 563 Fidelity Inter Tr Co. 2,000,000 2,140,656 22,342,721 100 245 255 1,000,000 1,171,000 12,888,700 100 330 340 25,000,000 20,369,140 624,620,506 100 352 356 Irving Bk Colum Tr. 17,500,000 12,869,664 348,699,728 100 282 286 0 1,000,000 530,831 10,431,629 100 3,000,000 3,083,100 19,320,600 100 2,000,000 4,129,850 48,803,080 100 445 450 10,000,000 19.145,919 225,857,610 100 458 462 Title Guar & Tr C o. 10,000,000 16,421,500 48,572,300 100 580 590 500,000 242,294 1,687,018 Trust Co of Nor Am U S Mtge & Tr C o.. 3,000,000 4,464.829 67,371,967 100 355 370 U S Trust Co of N ' f 2,000,000 18.260,724 76.079,948 100 1820 1840 Jamaica, L. I .— 200,000 329,494 8,161,115 100 First National Bank. Rochester— Lincoln-Alliance Bk. 2,000,000 500,000 1,200,00C 600,000 400,000 o 1,000,000 300,00C 1,500,00C 3,130,811 652,192 405,464 560,073 875,330 1,832,943 1.604,536 1,019,784 46,697,370 13.433.644 16,588,772 17,608,896 15,768,210 38,972,332 29,731,235 29,098,849 100 10(1 ion 100 10(1 10(1 10(1 100 Per 290 220 116 235 340 340 750 165 share 296 225 120 250 Per share Brooklyn— State B ank & Tru st Co. relur ns date Jum 30. Nat. banks June 30. Bank o f Coney Island 179.700 6,046,400 100 190 220 200,000 350 Bushwick Nat Bank200,000 93,700 2,127,300 First National Bank. 500,000 1,155,000 15,081,000 100 450 Union Trust C o .. 79,675 2,013,742 175 Flatbush State Bank 100,000 244 890 3,472,561 400,000 SchenectadyGlobe Exchange B k. 200,000 <(136,000 3,805,000 25 48 200 50 459,900 3,469,800 Greenpoint Nat B k. 200,000 t 300,00C 772,114 10,192,106 300 350 50 225 Mechanics’ Bank__ 2,000,000 3,139,929 43,100,392 300,00C 415,00C 8,600,000 250 260 236,400 4,470,600 100 200 Montauk Bank_____ 200,000 400,00C <(1,024,000 15,494,000 410 425 400,000 393,930 18,919,246 100 Municipal Bank___ Per share SyracuseNassau Nat Bank__ 1,000,000 1,600,600 18,650,600 100 290 310 . 2.500.00C 1,303,237 27,902,750 100 184 187 People’s Nat B an k .. 200,000 440,900 8,380,600 100 280 300,00C 131,68C 2,938.257 1(>( 153 157 West End Bank_____ 200,000 rl92,000 4,602,500 100 170 300,00C 5,372.264 MX 200 210 339,946 Merchants’ Ni Brooklyn Trust C o .. 1,500,000 4,119,900 50,090,700 100 765 775 800,00C 430,996 6,107,68^ 1()( 224 230 Salt Springs Nat Bk. 500,000 4,630,917 32,610,564 100 2200 2400 Kings Co Trust C o .. c 300,00C 248,286 3,567.528 100 160 Manufacturers’ TrCo 10,000,000 12,201,300 194,290,100 100 398 403 o 2,500,00( 2,089,381 46,497,4501 100 234 238 353,216 Midwood Trust C o_. 700,000 7,191,743 100 220 1 500.000 1 9<?Q 0^9 35 788 OOfi1 100 225 230 Svra<in*?p rin People’s Trust C o__ * 1,600,000 4,362.788 64 Q12.740 100 815 830 * Sale price, b Paid in. k Capital increased, x Ex-dividend, g June 30 1925. e Dec. 31 1924. I Last sale, y Ex-rights, r Sept. 29 1924' c Includes foreign branch deposits, u Book value, z In process of liquidation, d April 6 1925. i Ex-rights, a N ov. 15 1924. t Acquired by A m er Exchange N at’l Bank under title o f American Exchange Pac National Bank. Aug., 1925.] OHIO— (Concluded) NEW YORK (Concluded) Capital. Troy— Manufac’rs Nat BkNational City BankNat St Bk o f T r o y -. Union Nat Bank__ United Nat Bank__ Troy Trust C o ... U tica —- First Nat Bk & Tr Oneida Nat Bank, Utica City Nat Bk Citizens’ Trust Co Oneida Co Trust C o . Utica Tr & Dep Co Surplus Profits. Gross Deposits Par. $ $ $ 1,000,000 1,410,779 28,797,178 100 300,000 541,705 6,400.000 100 250,000 453,236 4,501,862 100 300,000 50 409,402 6,631.596 240,000 9475.052 1,040,010 100 200,000 195,414 4,101,696 100 1,250,000 600,000 1,000,000 1,000,000 250,000 1,000,000 W a tertow n - C ity National BankJefferson Co Nat Bk Watertown Nat B k. North’n N Y Tr Co 200,000 500,000 200,000 400,000 M t Vernon Tr C o. New Rochelle— Central Nat Bank. Nat City Bank__ North Ave B an k .. Huguenot Tr C o .. N Rochelle Tr C o. O s s ’n in g — 1st N at_. Ossining Nat B k_. Peekskill— - Westches Co N at. Pleasantville— 200,000 500,000 100.000 400,000 150,000 250,000 200,000 100,000 100,000 100,000 791,274 9,216.184 100 634,217 14,958,622 100 21,921 937,493 416.499 11,704,961 80,114 2,699,391 nl76,218 4,281,806 522,642 8,565,096 173,352 1,083,347 245,494 2,321,430 407,737 6,982,409 100,000 172,747 2,552,279 Bk. & Tr C o_____ Mutual Trust C o. Rye — Rye Nat B k__ Tarry town Nat Bk__ 200,000 300,000 100,000 100,000 247,078 235,768 156,950 252,506 4,945,730 4,227,357 2,721,955 2,015,213 W h ite P lains— Citizens Bank___ West Title & Tr Co County Trust -Co_ Y onkers — First NatYonkers Nat Bank & Trust C o___ Westches’r Tr C o. Yonkers Trust C o. Ask. Per 390 180 250 65 300 140 share. 410 200 260 70 310 150 Per 275 240 100 240 share. 285 245 105 245 Nom. 38,587 1,581,248 100 _____1 539,596 5,121,163 100 275 241,054 4,118,803 100 225 911,834 10,169,291 100 325 M t Pleasant B k_. P ort Chester — 1st N_ Bid. 1,973,760 13.882,071 100 5,335.788 100 1,101,786 5,083,905 100 342,988 1,239,659 17,667,547 100 528,610 3,617,457 100 937,855 14,751,834 100 265 W e s tc h e s te r C o— M t . Vernon — 1st N -_ 270 prices 125 285 235 350 Per share. loo 100 185 100 140 100 340 100 100 145 50 100 100 185 100 100 250.000 374,711 6,809,350 100 600,000 1,006,170 4,361,541 100 200,000 489,418 8.948.833 100 300,000 460,581 10,646,357 50 200,000 300,000 350,000 215,309 n763,812 124.455 5.954,518 100 9,577,780 100 325 6.252.322 NORTH CAROLINA— Nat. banks June 30; State institutions June 30 Charlotte—Charlotte Nat Bankk50L00C Commercial Nat Bk_ 500,000 300,000 First National Bank. 200,000 Mer & Farm N Bk _ 200.000 Union Nat Bank. - American Trust Co-_ 1,200,000 Independ’ce Tr C o .. 1,000,000 Durham—■ Citizens’ Nat Bank. 528,004 4,370,176 100 655,392 2,918,204 100 759,861 1,355,480 10(1 513,230 2,278,898 100 335,355 2,781,056 100 883,193 13.312,659 100 1775,729 4,843,762 100 100.000 100,000 600,000 100,000 100,000 1125,427 5858,223 525.431 590,000 141,842 1,781,524 6,199,373 5,358,592 1,200,000 1,635,322 180 215 180 48 105 185 50 110 Greensboro— Atlantic Bk & Tr Co Greensboro Bk & Tr 1,250,000 400,000 5792,950 5246,606 7,526,060 100 168 3,268,217 100 155 168 160 Raleigh— Citizens Nat B ank-Comm’l Nat Bank _ Raleigh Bkg & Tr Co 300,000 600,000 100,000 168,948 210,818 5156,699 3,050,624 6,669,904 1,725,600 Wilmington— Murchison Nat Bk . People’s Sav Bank Wilm Sav & Tr C o_. 1,000,000 65,000 300,000 Wachovia Bk & T r._ 100 25 100 25 50 Per share. 200 225 225 230 250 300 310 154 155 186 First National Bank Home Savings BankMerchants’ Bank__ Winston-Salem— 185 Per 100 160 100 135 100 225 share. 165 140 250 Per 1,165,756 10.815.326 100 198 5186,286 2,089,144 25 105 427,496 4,345,740 50 175 share. 200 125 185 1,500,000 44,500 150,000 2,175,000 1,650,549 33,119,368 100 100 Z200 Capital C in cin n ati (Con.) $ 5th-3rd Nat B k--_ 3,000.000 People’s Bk & Sv Co 200,000 Prov S Bk & Tr C o. 1,500.000 Second Nat Bank 1,000.000 So Ohio S Bk & Tr Co 250,000 Stock Yards Bk 100,000 Wash Bk & Sav Co 250.000 Western Bk & Tr Co 1,000.000 Fourth & Cen Tr Co 2,000.000 Union Trust C o___ 1,000,000 Cleveland — Amer Sav Bank C o .. Broth’d of Loco Eng Cent N B S & Tr C o. Clev Sav & Loan C o. Lorain St Sav & T r. . National City Bank. Pearl St S & Tr Co United Bk & Tr C o .. Cleveland Trust C o. Guardian Trust Co Lake Erie Trust Co State Bkg & Tr Co Union Sav & L Co Union Trust Co . . . Northern Trust C o .. 150,000 50,000 300,000 100,000 100,000 100,000 85,579 50,000 278,199 112,286 21,115 77,997 1,575,819 759,561 6,437,857 1,921,583 1,263,148 891,813 Per share. 100 100 100 OHIO— National banks June 30; State institutions June 30. Per Akron—• 1,000,000 e631,980 14,708,907 100 7i225 Central Sav & Tr-_ 304,831 5,234,801 loi: 175 250,00C Commercial S & Tr 624,523 8,523,162 IOC 250 Depositors Sav & Tr 500,000 239,128 3,546,715 100 180 200.000 Dime Savings Bank 500,000 . 668,521 8,529.099 100 160 Ohio State Bk & Tr 29,015 100,000 558,607 100 90 Standard Sav Bank 173,867 4,146,533 100 160 200,000 Firestone Pk Tr & SB First Trust & S B k .. 1,500,000 2,069,420 28,796,311 100 240 Canton— Cent Sav B & T Co Dime Savings BankFirst National Bank- 200,000 500,000 500,000 el00,916 6240,358 1,172,884 share. 290 200 165 95 175 250 Cincinnati— 8,088,331 100 Atlas Nat Bank — 400,000 1,163,867 415,383 14,266,845 100 Brighton Bk & Tr Co 500,000 Brotherhood o f Ry 58,149 2,909,318 200,000 Clerks Nat Bk 256,454 3,698,652 100 150,000 Cinn Bk & Tr C o— Citzns’ N Bk & T r Co 2,000,000 2,214,242 14,892,353 100 273,033 2,251,208 100 Columbia B & S Co 100,000 306,283 7,796,779 100 350,000 Cosmop Bk & Tr C o. e58,613 50,000 661,956 100 East End Bank First National Bank 6,000,000 5,749,752 41,744,867 100 500,000 1,056,076 7,790,293 100 Lincoln Nat Bank. 50 100,000 6248,719 2,444,057 North Side Bank- . 452,027 8,478,864 100 400,000 Pearl Market Bank. Per share. 390 400 525 230 210 45 150 160 308 280 140 155 250 220 50 165 175 320 300 175 170 1,000 000 1,800.000 250.000 400.000 2,000,000 2,000 000 1,500.000 1,500.000 8,600.000 4.000.000 1,000.000 750.000 900.000 22,250,000 D ayton—400.000 City National Bank Dayton Nat Bank 300,000 Merchants’ Nat Bk & Trust Co - ___ 200,000 Third Nat Bank & Trust Co 400,000 Winters N Bk & Tr_ 1,000,000 City Tr & Sav Bank- ' 200,000 Dayton Sav & Tr Co 600,000 Gross Deposits. $ 2,615.677 e297,967 1,760.498 851,193 304,712 el95,626 ell6.981 1.369.274 2,607,754 4,096,628 $ 41.747,971 100 4,474.044 100 27,766,722 10 7,492.640 100 5,052,673 100 895,312 100 2,573.752 16.256.108 100 20,378,791 10U 33,451,702 — e248,691 3,485,543 g7F>r> RSn 94 011 028 3,227,897 44,809,394 e279,383 2,643,236 e526,115 8.286,496 44fi 23 492,302 1,060,671 22,496,030 980,986 26,684,218 1,065,088 23,405,958 5.051,340 211,013.465 5,301,559 112,467,002 272.874 3,657.546 399,820 14,286.540 871,358 3,659,144 el3062114 256,823,643 T oledo— {(431,424 0267,425 6,380,856 3,469,502 0197,881 3,843,567 0421,960 3.984,257 477,956 8,945,401 el40,283 5,414,247 710,628 17,055,209 100,000 200,000 300.000 500.000 1,400.000 1,000,000 150,000 1,000.000 150,000 600.000 300.000 5,000,000 250,000 Y ou n g stow n — Central Bank Co City T r & Sav Bank Commer’l Nat Bank Dollar Sav & Tr Co_ First National Bank. Mahoning Nat Bank Mahoning Sav & Tr Second Nat Bank__ South Side Sav Bank 8.524 150,000 1,000.000 1,305,708 697,675 500.000 2,500.000 2,023,140 2,500.000 2,076,166 466.090 1,000.000 172,786 150.000 51.463 200.000 52.212 100.000 OKLAHOMA— National banks r'’n° 30; G u th rie— 100,000 70.073 14,992 50,000 3,374 25,000 City National Bank- 100.000 50,000 100,000 019,613 011,987 031,500 Muskogee— Commercial Nat BkFirst National Bank Muskogee Sec Nat B 250,000 500,000 200,000 0195,839 155,696 054,857 Oklahom a City—American Nat Bank- 1,000,000 Farmers’ Nat Bank 200,000 Fidelity Nat Bank 300,000 First National Bank 1,000.000 600,000 Liberty Nat Bank Oklahoma Nat Bank 250,000 500,000 Tradesmen’s Nat Bk 500,000 368,312 50,896 81,794 275.912 156.602 25,340 606,296 102,035 Tulsa— 1,000,000 2,000,000 1,000,000 200,000 250,000 500,000 OREGON— National banks Jun ‘ P ortland— 100,000 300,000 Can Bk o f Com’ce__ 200.000 Citizens B a n k _____ First National Bank. 2,500.000 Hibernia C & Sav Bk 200.000 Ladd & Tilton Bank- s i,000,000 Live Stock State Bk. 100.000 N ’western Nat Bank 2,000.000 Peninsular Nat Bank 200,000 Portland N at’l Bank 200.000 United States N B k. 1,800.000 West Coast Nat Bk300.000 Security Sav & Tr Co 500,000 Lbrmen’s Tr Co Bk500,000 Par. Bid. Ask. Per 307 250 36 185 225 225 125 270 212 — share 325 300 37)4 200 230 150 300 220 — Per share 100 330 100 100 100 100 100 100 100 100 100 100 275 _____Z 132K 250 170 221 258 255 225 229 Too 100 157 100 205 208 100 100 100 100 100 100 100 100 100 100 171M * 185 Per share 155 300 105 200 305 300 260 340 340 zl59 310 109 100 270 100 370 29 d 380 320 270 375 360 Per share 100 a295 300 100 195 200 100 150 155 100 100 100 100 195 150 300 265 185 140 295 255 Per share 20,305 805,015 477,451 13,651,829 100 290 373,122 50 275 8,978.603 1,586,182 10,524,457 100 336 1,183,209 24.625.932 100 175 501,649 8,226.927 100 175 2,454,892 100 340 374,051 2,362,791 37,419,433 100 325 2,250,653 100 169 91.678 e740,039 10,611.781 100 220 405,196 3.082,163 100 220 e3,407.902 28,363.196 100 167 411,543 1,639,130 100 245 Com Sav B & Tr Co Dime S Bk & Tr C o. First National Bank Com Guard Tr & Sav Home Bank & Tr Co Mer Sav B k & Tr Co Ohio S Bk & Tr C o. Peoples State S Bk . Secur S B & Tr Co Spitzer-R T & S Bk Toledo Trust Co Union Tr & Sav Bk_- Security Nat Bank-- 3,940,579 100 150 5,336,898 100 200 11,036,980 100 325 100,000 Surplus Profits. & C olum bus— 100 000 943 1 269.364 Citizens Tr & Sav__ 1 ,500.000 699.262 22,523,408 300.000 City National Bank 6,070,183 598,812 500.000 Columbus Nat Bank 3,549,512 88.189 50.000 el 12,044 Columbus Sav Bank. 1,192,668 Commer’l Nat Bank 600.000 1,103,168 9,797,416 100,000 Fifth Ave Sav Bank 95,541 1.816,165 Huntington Nat Bk- 1,800.000 1,952.171 20,512,989 Market Exch Bank. 100,000 3.577,483 273.653 Nat Bk o f Com’ce. _ 300.000 704,294 5,007.151 100,000 38 510 1,168 634 First Nat Bank 500,000 8.601,947 639,376 Ohio National Bank. 1,000,000 2,292,022 18,935,791 M cAlester— NORTH D AK OTA--Nat. banks June 30; State institutions June 30. Fargo— 61 BANKS AND TRUST COMPANIES Per 769,277 100 80 9.795.406 100 225 11,491,622 100 220 17,706.705 100 203 15.889,882 100 203 4.255.703 100 170 2,296.541 100 125 904.841 100 110 857.316 100 122 3,127.898 1,237,970 306,073 100 100 100 2,063,554 339,705 1,630,951 100 100 100 share 92 235 207)4 207)4 175 120 129 r tr snare Per share Clo sed Per 4,457,269 100 200 6,159,770 101) 300 2,996,827 100 125 share 225 325 175 Per share 16,243,597 100 200 3,717,470 100 175 4,425,287 100 200 19,331,815 100 250 7,132,539 100 200 250 2,918,182 100 200 10,442,080 100 4,559,763 100 225 250 9,561,197 100 361,198 741,894 38,441,921 100 275.297 18.879,025 100 112.688 3,851,870 57,484 4,378,079 184,260 5,095,378 30; State institutions Jun° 30. 23,349 115,768 69,855 1,219.777 222,478 1,678,218 1,124 484,051 61,350 37.826 2,319.654 113,471 457,688 57,980 1,260,288 2,987.089 3,455,341 35,580,154 6,521,200 21,493,701 496,014 19,046.591 1,965,234 2,010,645 35.469,932 3,365,404 4,689,482 2,527,356 100 100 100 100 100 100 100 100 100 100 100 100 100 Per share 200 170 205 175 300 135 130 150 325 170 d_____ 125 210 185 215 190 350 135 150 140 175 375 185 * Sale price, a Includes City Trust & Savings Bank, h New stock, k Capital increased, s Acquired by U. S. N at’l Bank, x Ex-dividend. I Last sale, d Sold with First N at’l Bank, c Includes Oneida County Trust Co. t Includes trust deposits, i Includes Union Savings Bank & Trust t Dec. 31 1925. n Mar. 25 1925, g April 6 1925. e Mar. 30 1925. 62 PENNS YL VANIA— (C o n c lu d e d ) . PENNSYLVANIA — Nat. banks (except Phila.) June 30; State inst. June 30. Capital. Surplus & Profits. Gross Deposits. Par. Bid. Per $ 8,179,529 100 300 6,272,720 100 610 50 150 1,407,272 5,675,162 10(1 710 2,044,372 30 90 25 135 2,793,791 50 400 5,235,470 2,455,712 50 95 A ltoon a— First National Bank Second Nat Bank__ Per share 3,700,697 100 _____Z 300 3,050,391 100 _____Z 500 1,951,967 100 . . . . Z200 2,397,731 100 300 1,967,754 100 _____z 210 2,207,578 30 57 60 Erie— Bank o f Erie Tr Co First National Bank Marine Nat Bank. People’s Bk & Tr Co Second Nat Bank. _ Cent Tr & Title Co . Secur Sav & Tr C o .. H arrisburg— East End Trust C o. Harrisburg Nat Bank Central Trust Co Commercial Tr Co Commonwealth Tr Co Dauphin Dep Tr Co Harrisburg Trust Co Security Trust Co Lancaster— Conestoga Nat B k. Fulton Nat Bank. Lancaster Co Nat Bk Agricul Tr & Sav Farmers’ Trust Co . Guaranty Trust C o . . Lancaster Trust Co Northern Tr & S Co People’s Trust Co 150,000 100,000 188,900 250.000 245,300 162,962 492,769 521,429 0200,737 571,872 328,810 251,648 share 305 640 165 750 94 150 405 100 Per share 125,000 154,959 1,703,651 100 _____l 175 300,000 1,235,718 8,787,127 100 *400 300,000 666,544 7,226,764 100 _____l 215 200,000 309.944 4,262,134 100 . Z205 500,000 1,037,927 11,282,648 100 250 170,300 078,945 1,555,176 10(1 _____Z 130 500,000 1,013,320 7,782,031 100 . . . Z325 200,000 654,145 5,918,553 100 . . . Z337^ 200,000 78,206 300,000 675,355 400,000 693,414 125,000 e96,292 750,200 1,786,206 300,000 582,942 400,000 827,896 286,010 164,922 250,000 220,950 50 1,752,054 3,425,240 25 3,403,896 25 1,090,862 50 7,017,883 100 4,659,091 100 4,262,523 100 ill 1,325,237 2,943,531 100 Per share _____Z 175 _____Z 72 .........Z 172 _____Z 85 y2 . Z425 .........Z 280 ___ Z 325 _____l 16 ___ Z 155 200,000 716,544 200,000 358,683 300,000 685.848 263,125 118,609 225,000 1,176,054 300,000 177,266 250,000 1,674,280 200,000 577,216 400,000 841,545 300,000 300,689 4,161,603 3,343,773 2,899,375 1,704,179 7,374,049 1,112,715 8,763,881 3,760,465 4,940,329 3,391,210 100 100 60 25 50 100 50 50 50 100 Per share _____Z 455 . . . Z29014 _____Z 158 _____Z 50 . . Z36114 .........Z 177H _____Z 452 . . . Z200 _____Z 240 ... Z207 P hiladelphia— De posits of N 300,000 American Bk & T r .. Bk o f No Amer & Tr 5,000,000 250,000 Bk & Tr Co of W Phil 500,000 Broad St Nat Bank 300,000 Centennial Nat B k. 1,250,000 Central Nat Bank Corn Exch Nat Bank 2,200,000 Drovers&MerNatBk 1,000,000 125,000 East Falls Bk & T r. 275,000 Eighth Nat Bank . 1,500,000 First National Bank Fourth St Nat Bank. 3,000,000 Franklin Nat B an k .. 2,000,000 2,000,000 Girard Nat Bank 350,000 Kensington Nat Bk 200,000 Manayunk Nat B k. . 1,000,000 Market St Nat Bk 500,000 Nat Bank o f Comm 200,000 Nat Bk of Germant’n 500,000 N atB k o f No P hila.. 250,000 Nat Security Bank . 400,000 Northern Nat Bank. 200,000 Northwestern Nat Bk 300,000 Over brook Nat Bk 250,000 Olney Bank & Trust. 500,000 Oxford Bank & Trust 1,000,000 Penn National Bank 1,000,000 Peoples Bk & Tr Co Philadelphia Nat Bk 5,000,000 500,000 Quaker City Nat Bk 280,000 Second Nat Bank 300,000 500,000 Southwark Nat Bank 200,000 Southwestern Nat Bk 500,000 Tenth Nat Bank . 400,000 Textile Nat Bank . 1,000,000 Third Nat Bank. Tradesmen’s Nat Bk. 1,000,000 1,000,000 Union Nat Bank__ Aldine Trust C o. ._ 1,000,000 187,500 Belmont Trust Co . . 500,000 Broad Street Trust . 750,000 Cent Tr & Sav Co . 300,000 Chelten Trust C o__ Colonial Trust C o__ 1,000,000 400,000 Columbia Av Tr C o. 1,499,500 Com’lth T Ins & Tr 1,000,000 Cont-Eq T & T Co 227,670 Empire Tit & Tr C o. 300,000 200,000 Federal Trust Co 5,200,000 Fidelity Trust C o. Finance Co, 1st pref. al ,470,000 2d preferred . . al ,530,000 250,000 Frankford Trust C o . Franklin Trust C o .. 1,500,000 1,000,000 Germantown Tr Co 200,000 Girard A v T & T Co 2,500,000 Girard Trust Co 1,000,000 Guar Tr & S D Co 125,000 Haddington T & T Co 200,000 Hamilton Trust Co 125,000 Holmesburg Tr Co__ 500,000 Indus’l Tr, T & Sav 750,000 Integrity Trust C o .. 200,000 Jefferson T & Tr C o. 500,000 Kensington Trust Co Land Title & Tr C o. 3,000,000 500,000 Liberty Title & Tr Co 500,000 Market St T & Tr Co 250,000 Manayunk Trust Co 500,000 Metropolitan Tr C o. 541,050 Mutual Trust Co . . 750,000 Ninth Bank & Tr Co 400,000 Northern Cent Trust Northern Trust C o .. 500,000 N ortheast-Tacony Bank & Trust C o. 250,000 Northeastern T & Tr 200,000 Nor Phila Trust C o . _ 500,000 Northwestern Tr Co 150,000 ational ban ks date Aug. 3 19 25424,636 5,969,695 171,226 543,218 918,924 5,342,244 6,261,990 339,279 129,610 1,654,083 3,655,584 9,292,725 5,919,648 8,868,414 796,106 948,927 2,889,202 520,699 1,292,077 258,743 2,081,639 650,390 1,168,380 133,595 0329,627 448,870 3,430,853 409,051 12,016,545 836,227 1,122,513 672,385 981,979 230,971 704,359 463,208 1,492,810 2,809,535 1,305,208 01,184,323 210,518 282,906 1,312,533 301,213 1,152,465 792,862 3,830,113 1,893,184 0133,079 483,685 352,438 18,032,227 4,037,486 4,330,089 46,154,120 2,184,914 ®5,705,146 6,528,000 31,497,000 58,281,000 t2,720,027 1,015,043 6,182,000 43,906,000 67,025,000 59,202,000 72,339,000 6,613,000 t)6,223,648 20,367,000 ®8,655,971 t8,929,519 t'3,623,743 9,376,000 7,820,000 6,869,000 1)3,233,454 5,724,869 4,794,848 13,347,000 15,049,520 116,533,000 5,059,000 4)10,513,321 6,625.000 10,808,000 2,080,000 6,437,000 5,321,000 9,957,000 16,475,000 18,220,000 3,689,691 2,851,057 2,131,478 12,280,183 4,513,170 11,494,217 6,189,527 11,811,252 15,912,745 1,558,576 4,839,224 5,213,968 49,993,741 1,150,156 782,192 2,282,478 1,761,754 347,188 11,138,326 875,819 185,405 313,105 0122,975 01,927,787 3,744,298 52,059 1,141,553 12,832,438 733.651 1,257,241 437,927 226,696 362,193 1,856,460 157,824 3,027,552 8,362,067 25,045.606 15,487,065 3,943,703 57,192,301 11,618,706 3,263,987 4,069,081 1,555,701 10,534,055 19,516,562 1,289,563 13,308,439 23,576,350 6,129,820 13,090,580 3,302,569 2,936,968 8,986,426 15,386,653 3,278,840 11,667,892 50 100 50 50 100 100 100 100 60 100 100 100 100 100 50 100 100 100 60 100 100 100 100 100 60 50 100 60 100 100 100 100 100 100 100 100 100 100 100 100 60 60 50 100 50 100 100 50 60 60 100 100 1100 1100 50 100 100 50 100 100 100 100 50 50 50 60 50 100 50 60 25 50 60 100 50 100 0126,462 1,199,171 74,981 1,922,721 889,886 9,040,233 1,034,785 11,012,783 50 50 50 50 Per share 72 ^ l 29812 _____Z 75 _____z 201 ___ z 400 . . . z 58012 _____ z 500 Vi _____ z 160 Vs _____ z 100 ......... z 903 ......... z 341H _____ z 399 ___ z 610 ......... z 625 _____ z 164 _____ z 630 _____ z 355 _____ z 18314 _____ z 300 y2 _____ z 165 _____z 880 ___ z 277 H _____ z 615 ___ z 112 _____ z 173 _____ z 13512 _____ z 50514 _____ z 100M _____ z 415 _____z 216 _____ z 515 - - . z 240 _____i 342 _____ z 186 . . z 261 _____ z 170 . . z 29514 _____ z 313 . . . z 249 _____z 311 z 105 . . . z 7034 - - --Z 160 _____ z 151M ___ z 158 - - . . z 318 - - . . z 431 z 220 . . . z 45 . . . z 150 _____ z 175 - . z 557 ___ z 15034 . z 106 . . z 227 . . . . z 320 ......... z 400 _____ z 222 _____ z 1100 _____ z 170 _____ z 17714 _____ z 20534 ......... z 85 M _____ z 251 _____ z 496 ......... z . . - - z 235 ___ z 723 . . . . z 183 _____z 278 ___ z 88 ......... z 83 . . . . z 110 _____z 443 z 9034 _____ z 69134 _____z .........z Capital. Ask. A llen tow n — $ S Allentown Nat Bank 1,000,000 1,173,859 400,000 1,292,802 Merchants Nat Bank 50,000 Ridge Ave Dep Bk67,958 300,000 1,080,202 Second Nat Bank__ 225,000 Allentown Trust C o. 241,535 250,000 Citizens Trust Co . 290,597 500,000 Lehigh Vail Trust Co 792,515 300,000 Penn Trust C o______ 211,998 Altoona Trust C o__ Central Trust C o. Mountain City Tr Co [Vol. 121. BANKS AND TKUST COMPANIES 7634 63 _____ z 228 . . . . z 450 Surplus & Profits. Gross Deposits. Par. Bid. Ask. $ P hila.— (Con.) Per share. $ $ Parkway Trust C o .. 125,000 82,791 1,552,903 ion .........Z 135 Pelham Trust Co 150,000 249,735 2,363,836 100 _____Z 180 Penn Co for Insur on Lives & Grant Ann Tr & Safe Dep Co 4,000,000 17,770,134 61,404,636 100 .........Z 731M Penn W ’h’g & S D Co 1,000,000 768,111 469,850 5(1 _____Z 10014 1,000,000 6,100,065 25,135,811 100 ..........Z 75014 300,000 103,297 1,241,556 50 _____ z 58 Phoenix'Trust C o_. 2,000,000 8,661,202 15,272,676 100 ..........z 625 Provident Trust. Real Est Tr Co, com 1,319,600 1,301,905 6,259,835 1100 ......... z 110 n oo _____ z 120 do do pref 1,890,100 9,237,158 100 ..........z 550 Real Estate T I & Tr 2,000,000 4,199,048 500,000 340,345 4,417,579 Republic Trust C o .. 50 _____ z 126 141,200 026,890 1,190,897 150,000 0184,624 2,577,171 50 _____ z 151 Roxborough Tr Co 146,012 19,784 Susq Title & Tr Co 476,616 50 _____ z 6 2 14 125,000 190,775 1,777,991 100 ____ z 220 Southwark Title & Tr 150,000 256,211 2,025,729 100 _____ 6 276 Tacony Trust Co 125,000 0124,869 2,582,124 Z 112 50 6,463,852 100 _____ z 181 United Sec L I & T r. 1,000,000 1,120,547 West End Trust C o. 2,000,000 2,363,904 18,420,061 100 _____ z 32014 500,000 938,242 7,861,117 West Phila T & T O o 50 ____ z 23114 P ittsbu rgh— 100,000 75,000 200,000 Anchor Savings Bank 150,000 100,000 Bank o f Pittsb, N A 3,000,000 125,000 Bank of Secured Savs 500,000 Braddock Nat Bank. 150,000 200,000 Diamond Nat Bank 600,000 600,000 500,000 Duquesne Nat Bank 750,000 Exchange Nat Bank. Farmers Deposit Nat 6,000,000 500,000 100,000 Fifth Avenue Bank . 100,000 First National Bank 5,000,000 Keystone Nat Bank Marine Nat Bank. 172,700 600,000 300,000 7,500,000 200,000 200,000 200,000 100,000 222,500 0114,131 71,899 0694,637 332,311 4,829,298 209,922 755,031 845,241 1,652,474 1,456,171 2,157,512 2,230,389 923,717 1,067,860 4,240,644 1,100,055 197,851 256,455 7,681,700 298,586 1,106,175 224,502 152,575 489,914 1,237,577 276,174 6,942,856 Metropolitan Sav’gs 200,000 27,631 Bank & Trust Co Monongahela Nat Bk 1,000,000 2,325,000 200,000 532,144 100,000 176,280 Ohio Valley Bank 200,000 385,651 100,000 200,844 100,000 33,947 300,000 1,178,861 500,000 396,521 Third National Bank Union National Bank 2,000,000 5,752,727 1,000,000 2,570,175 250,000 529,541 700,000 885,488 Allegheny Trust C o. 90,466 2,600,000 4,338,889 Colonial Trust Co Com’wealth Trust Co 1,500,000 1,578,855 450,000 314,031 1,000,000 1,678.303 Dollar Sav & Tr Co 125,000 65,452 250,000 323,788 1,320,000 643,544 Fidel Title & Tr C ol I 2,000,000 6,094,247 175,000 0295,000 165,400 275,000 Hazlewood S & T Co 150,000 Hill Top S A T Do 244,749 Manchester Savings 250,000 302,971 Bank & Trust Co 125,000 077,004 Merch Sav & Tr Co 200,000 e72,095 300,000 398,289 Peoples Sav & Trust Co o f Pittsburgh . 3,000,000 8,654,849 250,000 279,256 People’s Trust C o. Pittsburgh Dep Title 125,000 015,424 Pittsburgh Trust Co 2,000,000 2,562,173 500,000 527,018 150,000 223,013 400,000 140,000 125,000 205,936 400,000 509,159 125,000 65,500 1,500,000 45,601,224 350,000 ol.303.032 Washington Tr C o .. 125,000 593 776 125,000 143.000 Workingman’s Savgs 100,000 1,650,357 Bank & Trust C o. R eading— 400,020 1,384,185 359,055 1,011,934 300,000 816,031 500,000 1,578,233 Reading Nat Bank _ 300,000 1,026,939 Second Nat Bank _. 750,000 859,128 Berks Co Trust Co . 500,000 279,852 Colonial Trust C o. . 1,000,000 2,283,852 Pennsylvania Tr Co 500,000 1,150,936 Reading Trust C o._ Keystone Nat Bank. 100,000 200,000 3,266,704 50 2,132,414 1,204,021 4,206,948 50 1,494,878 50 52,015,197 50 133 2,642,674 50 88 12,740,819 355 9.270,980 15,790,420 50 10,074,736 100 18,441,350 100 355 38,475,660 8,334,045 100 8,637,118 50 85 49,021,329 150 12,381,236 2,334,142 50 166 2,282,000 100 67,605,235 100 320 5,004,636 1,894,966 100 2,874,891 3,751,221 50 3,934,985 100 8,521,693 100 220 3,032,960 100 121 157,394,138 100 2,358,961 15,374,260 6,342,682 2,315,039 1,662,611 2,220,513 1,171,608 6,374,969 3,400,421 23,961,637 29,786,724 3,504,349 6,545,834 1,700,730 19,312,019 12,331,278 1,511,017 12,194,047 1,545,441 9,739,722 454,789 17,634,898 3,100,000 2,900,000 3,012 094 3,298,894 1,462,857 1,643,323 5,670,773 100 100 100 100 100 280 225 72 325 147 50 100 100 100 110 370 50 100 212 50 197 100 220 100 100 300 200 350 100 400 25 100 130 50 50 83 60 50 100 100 21,725,750 ___ 380 4,212,075 100 275 1,018,095 15,568,154 6.322,807 1,349,223 4,665,553 1,750,509 6,323,627 546,350 129,221,143 8,269,857 4,465,353 1,470,000 12,177,156 7,549,951 1,494,620 2,355,046 6,073,492 9,663,858 2,277,395 7,038,535 3,405,490 12,645,345 2,174,409 S cran ton — 5,652,435 658,421 500,000 Bosak State Bank . . 500,000 634,300 7,764,645 County Sav Bank _ 1,512,811 80,000 111,771 Electric City Bank _ First National Bank. 2,000,000 3,217,975 32,016,814 818,099 50,000 75,836 Green Ridge Bank 1,374,072 125,000 163,076 200,000 190,335 2,945,589 North Scranton Bk 1,582,773 75,000 179,433 Providence Bank Peoples Sav & Dime 1,000,000 1,405,427 15,251,483 2,921,514 280,121 200,000 South Side B an k.. 9,440,566 400,000 1,354,730 9,004,332 500,000 1,090,443 Traders’ Nat Bank 332,479 3,677,113 500,000 2,890,572 319,832 120,000 391,880 4,323,543 400,000 Anthracite Tr C o._ 500.000 ff247,515 3,082,278 Lincoln Trust C o__ 100 220 100 100 100 100 100 100 100 4000 100 520 50 50 30 100 25 900 Per 150 445 140 390 445 395 32 100 100 100 10 22 10 100 440 100 300 share. 155 450 145 400 450 400 35 23 455 310 Per share. 50 225 100 400 50 117 590 60 150 50 118 50 200 50 200 100 100 420 50 200 100 500 100 500 100 200 50 160 50 212 100 200 210 * Sale price, a Capital paid in; authorized amount is larger. b Capital to be increased, g Merged with People’s Trust Company. ZLast sale a year ago. v June 30 1924. z Ex-div. s Includes Ninth T. & T . Co h New stock, r Sold with Ninth Nat. Bank, n Nominal, t April 6 1925. e Sept. 19 1924. o April 9 1925. Aug., 1925.] TENNESSEE— (C on clu ded) PENNSYLVANIA (Concluded). Capital. Wilkes-Barre— $ 200,000 First National Bank. 375,000 Hanover Bk & T r— 125,000 Miners’ Bk o f W -B._ 2,000,000 Penn Bk & Tr C o__ 200,000 Second Nat Bank__ 1,000,000 So Side Bk & Tr C o. 125,000 Union Sav Bk & T r. 250,000 W -B Dep & Sav Bk_ 300,000 Wyoming Nat Bank. 500,000 Wyoming Val Tr C o. 350,000 Williamsport— First National Bank. Lycoming Nat B k .. West Branch N B k .. Williamsport N B k. . Northern Central Tr C o _______________ Susq Trust Co York— Central Nat B an k.. Drov & M ech N B k. First National Bank. Western Nat B an k.. York Co Nat B an k.. York N at’l Bank---Citiz Savs & Tr C o_. Guar Tr Co of Y ork. York Trust Co . Surplus & Profits. Gross Deposits. Par. Bid. Per $ 368,805 3,464,701 50 165 968,249 7,735,243 100 300 50 105 146,434 1,554,491 4,248,642 17,442,131 50 200 290,909 2,461,674 100 225 2,717,637 10,583,141 100 315 126,749 1,897,050 50 105 116,900 1,642,310 100 145 50 310 613,894 5,396,682 50 142 973,830 5,676,268 1,300,000 6,200,000 50 215 $ Per 275 300 525 235 share 305 110 210 250 320 108 150 325 224 share. 375 300 530 235 300,000 516,137 200,000 415,380 500,000 2,021,653 250.000 342,328 3,773,027 1,470,809 5,374,991 1,024,918 100 100 100 100 500,000 500,000 433,539 679,838 3,889,314 3,319,615 100 225 225 50 112K 115 200,000 100,000 375,000 225,000 300,000 500,000 500,000 425,000 300,000 164,712 282,686 968,249 321,766 814,965 500,447 120,362 451,715 432,996 Per share. 1,296,315 100 130 1,807,293 100 250 7,735,243 100 180 2,532,170 100 177 20 60 2,847,285 25 49 3,299,141 25 3 2 ^ 2,588,193 25 52 ^ 3,594,995 3,497,935 50 100 . 200,000 100,000 120,000 300,000 168,463 127,008 83,946 325,744 Per share. 50 *93 2,355,669 180 988,075 50 93 796,107 60 91 2,499,980 100 135 150 Providence— Blackstone Can N at. 500,000 806,967 3,299,282 200,000 156 580 2,708,325 120,000 High Street Bank---197,070 2,183,480 500,000 Mechanics’ Nat B k. 405,040 5,916,787 Merchants’ Nat B k. 1,000,000 1,638,435 8.834,411 850,000 1,305,551 Nat Bank o f Comm. 6,896,870 Nat Exchange Bank. 1,250,000 1,237,108 17,638,455 450.000 1,174,815 2,545,658 Phenix Nat Bank . 500,000 1,395,020 2,256,066 Providence Nat B k. Industrial Trust C o. 4,000,000 8,983,222 112,728,475 125,000 1,061,552 130 089 Rhode I Hos Tr C o. 3,000,000 6,537,227 80,964,156 Union Trust C o____ 1,000,000 860,811 19,928,343 Woonsocket— Citizens’ Nat Bank. National Globe Bk . Producers’ Nat Bk__ 100,000 100,000 200,000 50,919 96,877 323,737 1,095,872 775,941 2,648,019 25 50 50 50 50 50 100 50 100 100 25 1000 100 Per share. 60 95 60 107 91 156 109 230 335 Per share. 100 110 25 45 47 20 35 Per 157 276 175 225 300 125 105 225 100 share. 124,268 417,285 698,614 f 182,678 317,772 11,437 287,175 34,867 49,092 3,085,682 4,764,136 9,172,140 2,876,274 2,596,000 430,333 6,754,390 1,923,943 917,784 100 100 100 100 100 100 100 100 100 e ba 100 100 50 100 100 100 Woodside Nat B k ---- 225,000 32,376 300,000 151,512 25,000 2,204 200,000 263,610 250,000 n 538,392 200,000 n 413,417 50 000 73,909 250|000 n 79,122 St'it 1,511,761 1,063,198 366,610 1,540,513 5,612,405 2,529,985 1,636,897 3,030,764 100 119 121 Spartanburg— American Nat B k. Bank o f Commerce. . Carolina Nat Bank. Central Nat Bank. Dollar Sav Bank First National Bank Mer & Farm Bank. Southern Trust C o .. 150,000 140,089 100,000 55,143 200,000 67,875 400,000 323,205 100,000 n 5,261 500.000 b 247.648 100.000 n 126,500 51.844 60.000 759,672 851,957 1,326,166 2,619,147 537,398 3,146,149 1,186,000 472,396 100 100 100 100 100 100 100 100 175 160 no 172 80 155 240 Greenville—Amer Bk & Tr Co Bank o f Commerce Farmers & Mer B k. First National Bank Norwood Nat Bk Peoples Nat Bk 200,000 200,000 1,000,000 200,000 200,000 50,000 1,000,000 50,000 100,000 300 180 250 325 130 110 250 125 nks Ap HI 6. 105 110 112 115 m ____ 50 230 300 305 170 155 105 168 75 150 235 155 TENNESSEE— National banks June 30; State institutions April 6. Chattanooga—• Chattanooga S Bk & 2,613,217 100 1 ,000,000 b 686,706 5,963,699 1 000 000 1 151,647 15,523,801 135,8 2 1,232,029 500 000 1 500 000 844, 314 13,355,698 250,000 b 178 734 3,515,285 100 100 100 100 100 500,000 549,679 Knoxville—• 600,000 1,170.089 Citv National Bank. East Tenn Nat Bank 1,000,000 n 795,763 200 000 n 118 231 500,000 234,697 Holston Nat Bank. 300,000 255,766 Third Nat Bank. 500,000 n 242,422 Union Nat Bank____ Memphis—* Columbia Sav Bank Exchange Bk & T r. Amer S B & Trust. Fidelity Bk & Tr Co Liberty S Bk & T r .. Man Sav Bk & Tr 11,093,137 7.013,685 3,571,770 3,495,110 2,090,702 5,499,199 100 100 100 100 100 100 3,000,000 2,184.963 31,780,689 100 600,000 672,208 8,353,321 100 752,437 100 38,262 100,000 300,000 34,333 2,212,625 ____ 7,256,969 100 500,000 755,561 96,542 1,941,961 100 100,000 1,000,000 125,500 4,000,000 100 200,000 160,839 3,936,806 100 150,000 198,562 4,214,331 100 10 722,977 100,000 100,000 75,004 1,391,380 100 50,000 Per share Gross Deposits. Par. Bid. Ask. share 312 312 290 155 205 315 315 105 250 TEXAS— National banks, June 30; Slate institutions, June 30. State National Bank 300,000 741,288 300,000 738.907 125,000 n 34 0fi4 200,000 n 60 975 100,000 n 76.757 Per share 6,904,463 100 265 6,694.385 100 250 2,947,547 2,767,707 2,282,044 100 215 B eaum ont— American Nat Bank City N at’l Bank. . First National Bank Texas National Bank 250,000 250,000 400,000 250,000 Per share 5,048,256 100 300 2,350.118 100 125 6,574,536 100 225 125 2,880,259 100 120 A ustin— American Nat Bank. Austin Nat Bank__ 477,202 69,740 409,062 89,960 Dallas—• Am Exch Nat Bank 4,000,000 2,661,090 41,914.499 100 500,000 Central N at’l Bank. 198,094 3,638,743 100 City National Bank 3,000,000 1,558,338 27,580,918 100 750,000 Mercantile Nat Bank 103,618 7,662,152 100 250,000 11 629 2,278,995 500,000 Dallas Nat Bank. 175,696 3,999,362 100 Republic Nat Bank 2,000.000 924,938 18,797,482 100 150,000 Nat Bk of Comm’ce 360,600 4,199,920 100 1,000,000 236 982 8,364,885 Central Tr & Sav Bk 200,000 69,187 1,167,451 Dallas Tr & Sav Bk 1,000,000 400.646 4,532,024 166 Republic Tr&Sav Bk 500.000 85,423 3,663,043 ___ 1,051,356 100,000 18,603 F ort W orth— Continental Nat Bk. Farm & Mech N B k. First National Bank. 4250 150 Surplus & Profits. Per Nashville— $ $ $ American Nat Bank. 1,500,000 1,270,349 19,124,405 100 305 500,000 6 266,275 4,110,420 100 305 American Trust . _ 300,000 Broadway Nat Bank 312,975 3,851,589 100 275 300,000 n 109,498 2,261.293 100 150 Central Nat Bank. . 500,000 Commerce-Union Bk 6,439,829 100 198 304,205 500,000 Fourth & 1st B&TCo 111,689 7,380,245 100 308 Fourth & First N B . 1,500,000 1,542,955 22,294,373 100 308 Tennessee Hermitage 300,000 1,292,347 100 100 National Bank ._ 66,723 350,000 468,590 4.218,779 100 245 Nashville Trust C o .. El Paso—First National Bank State Nat Bank. Amer Tr & Sav B k . . SOUTH CAROLINA—National banks June 30; State institutions June 30. Charleston—• Atlantic Nat Bank Atlantic Sav B an k.. Bk o f Charl’n, NBA Carolina Sav Bank First National Bank Miners & Merch Bk People’s Nat B an k .. Security Sav Bank . So Car L ’n & Tr C o. Capital. Ask. RHODE ISLAND— National banks June 30; State institutions June 30. Newport—• Aquidneck Nat Bk__ Nat Exchange Bank. Newport Nat Bank. Newport Trust C o .. 63 BANKS AND TRUST COMPANIES Ft Worth Nat Bank Stockyards Nat B k .. Texas N at’l Bank__ San A n ton io— Sam Houston State W aco—Citizens’ Nat Bank First National Bank First State B & T Co Liberty Nat Bank . National City Bank. Provident Nat Bank. share 305 105 305 115 140 165 270 145 170 ICO 140 115 120 105 145 125 1,000,000 300,449 11,314.351 100 150 300,000 200,755 9,448,447 100 250 350,000 n 39,828 3,558,399 100 50 170 305 75 Per 750,000 204,225 8,060,474 100 100 1,000,000 310.469 12,808,842 100 140 1,000,000 733,000 18,113,721 100 250 100,000 n 16,600 1,117,000 100 1,000.000 1,242,440 15,763,704 100 400 200,000 115,850 3,185,930 100 250 400,000 254,704 4,627,190 100 200 share 110 150 300 Galveston— 200,000 City National Bank. First National Bank. 200,000 South Texas Nat Bk 400,000 U S National Bank. _ ul ,000,000 H ou ston—■ Citizens State Bank. First National Bank. Guaranty N at Bank. Gulf State Bank. Houston Nat Bank Second Nat Bank. Nat Bank of Comm Public Nat Bank. . State N at Bank Union Nat Bank South Texas Comm’l Nat B a n k .. _ Guardian Trust Co _ _ Houston Land & Tr Marine Bank & Trust San Jacinto Trust__ Per 300 100 300 100 440 300 210 Per 230,467 6,211,716 100 175 251,985 3,221,392 100 195 184,525 5,649,051 100 92,726 10,725,184 100 100 share 185 205 V-----110 100,000 2,500,000 200,000 100,000 600,000 1,000,000 500,000 300,000 500,000 1,000,000 No minal a5,229 410,042 100 85 864,486 32,790,294 100 235 118,398 1,628,697 100 170 1,072,030 100 90 25,195 9,880,501 100 175 815,744 800,000 13,633,426 100 235 647,540 8,914,597 100 270 40,010 2,305,473 100 100 50,000 6,366.711 100 165 1,014,981 16,669,599 100 220 prices 95 250 180 100 200 240 280 110 185 230 1,000,000 300,000 1,000,000 300,000 300,000 1,458,876 21,051,893 437,190 2,670.753 506,046 4,427,533 81,369 2,094,288 175,190 2,533,981 1,000,000 1 000,000 200,000 1,000,000 250,000 200,000 200,000 600,000 346,840 7.301,514 242,526 12,006,334 1,589,779 33,078 639,288 9,744,376 143,022 1,747,154 190,868 4,027,464 370,338 2,830,715 5,016,294 289,436 100 100 100 100 100 100 100 100 100 100 100 100 100 100.000 500,000 200,000 300 000 300,000 17,471 194,258 57,212 134,135 39,581 414,703 100 2,031,869 100 3,443,463 100 2,663,549 100 2,496,991 100 250,000 1,000,000 300,000 300,000 100,000 300,000 201,738 335,577 66,821 158.495 35,742 223,062 2,953,360 7,858,447 1,798,697 2,882,985 457,625 2,511,786 100 100 100 100 100 100 325 285 150 130 160 350 305 170 Per share Per 200 210 115 170 90 210 share 210 220 120 190 100 220 UTAH— National banks June 30; State institutions March 27. Per share 225 250 230 252 180 165 165 200 200 175 Per 355 255 161 110 272 250 92 200 545 8 300 share 360 112 275 95 210 Ogden—Commercial Nat Bk Nat Bank of Comm First Utah Sav Bank Ogden State Bank Security State Bank. First Utah Nat Bank S 1,296,476 2,043,441 3.438.916 7,057,475 1,224,573 4,286,236 100 100 100 100 100 100 Per 175 100 255 600 90 150 share. 200 105 255 171,585 10,759,586 n 667,124 4,684,316 271.620 6,162,945 n 126,748 5 968.254 n 402,524 9,776,884 164,214 1,804,820 n 567,602 19,007,655 806,952 11,149,541 100 100 100 100, 100) 100 100 100 Per 120 268 197 130 184 137 239 270 share. 140 272 H 200 150 187 140 242 275 $ $ 100,000 n 119,287 250,000 60,379 250,000 b 196,497 100.000 293,005 150,000 46,481 500,000 151,291 Salt Lake City— 600,000 Continental Nat Bk 500,000 Deseret Nat Bank. 500,000 Deseret Sav Bank 300,000 National Copper Bk 500,000 Utah State Nat Bank 300,000 Utah Sav & Tr Co__ 1,000,000 Walker Bros, B ’kers Zion Sav Bk & Tr Co 1,000,000 95 155 10 State Savings Bank. Union & Planters’ 342,339 30,519.604 100 120 125 Bank & Trust C o. 2,500,000 * Sale price, d Now Central N at’l Bank, p Amount paid in. x Ex-dividend, y Closely held. I Last sale, n April 6 1925. e Sold with First National Bank, u Succeeding Texas Bank & Trust Co. t Ex-rights, t Includes American Trust Co. m Present stock represents anticipation in onehalf original capital, g Dec. 31 1924. b June 30 1925. [Vol. 121, BANKS AND TRUST COMPANIES WEST VIR G IN IA— National banks June 30; State institutions June 30. VERMONT— National banks June 30. Surplus & Profits. Capital. Bar re— % 75 000 100 000 100,000 % 70 000 nl 41 804 49,328 Gross Deposits. % 2,367.942 3,638,837 1,703,058 Par. 100 100 100 Bid. Per share B urlington— Chittenden Co Trust Howard Nat Bank Merchants Nat Bank Burlington Trust C o. 125,000 500,000 150,000 250,000 174,902 322,575 <7219,900 484,745 4,075,809 2,246.496 512,000 5,453,482 180 100 40 100 Per share. 150 135 60 150 M ontpelier— Capital S B & Tr Co First National Bank Montpelier Nat Bank M ontp’r S B & Tr Co 100,000 100,000 150,000 100,000 200,705 54.769 el47,198 226,533 2,826,995 100 2.220.301 100 1,964,558 100 4,598,848 100 Per share. 165 125 125 135 350 R utlan d— Baxter Nat Bank. . Clement Nat Bank. Killington Nat Bank Rutland Co Nat Bk Rutland Trust Co__ 100,000 100,000 100,000 100,000 100,000 <799,000 <7256,202 dll8,622 0134,594 4113,601 500,000 2,547,313 400,566 1.345,547 1,276,118 100 100 100 100 100 Per share. 185 260 130 125 200 VIRGIN IA— National banks June 30; State institutions June 30. L ynchbu rg— First National Bank. 1,000,000 Lynchburg Nat Bank 1,000,000 500,000 People’s Nat B an k.. 200,000 Mutual Sav Bk & Tr Lynchburg Tr & S B . 300,000 N orfolk— Citizens Bank______ Nat Bk o f Commerce Trust Co o f NorfDlk. Merch & Planters Bk Norfolk Nat B an k.. Seaboard Nat Bank. Virginia Nat B an k.. 1,219,707 901,257 636,729 83.757 378,559 5,570,406 3,704,884 3,044,580 739,055 2,662,864 100 100 100 100 100 1,000.000 770,406 5,459,244 100 1,200,000 1,500,051 16.956,207 100 1,000,000 1,012,483 6,066,555 100 50,000 361.688 1,602,666 1,000,000 1,436.484 10,116,319 lao 1,000,000 747,860 7,426,592 100 500,000 226,654 4,159,356 100 Per share. 275 278 218 222 240 105 — 360 Per 235 300 197 share. 240 305 202 234 196 175 237 200 180 Petersburg— Petersburg Sav & T r. Nat Bank o f Petersb. Virginia Nat B an k.. 1,000,000 600,000 1,000,000 170,913 183.680 220,985 Per share. 3,056,366 100 100 115 2,820,721 100 3,808,694 100 125 125 P ortsm outh— American Nat BankBank o f Tidewater.. Citizens Trust C o__ First National Bank. Merch & Farmers Bk 500,000 250,000 250,000 300,000 500,000 121,662 119,027 42,115 237,365 248,003 2,852,047 1,047,873 561,167 3,037,173 3,014,514 R ichm ond— American Nat BankBank o f Comm & T r. Broadway Nat Bank Central N at Bank__ First National Bank. Mech & Merch Bank Merchants Nat Bank State & City Bank & Trust C o________ Planters Nat B an k.. Sav Bank o f Richm’d TJnion Bk o f Richm . _ West End Bank____ Federal Trust C o__ Richmond Trust C o. Virginia Trust C o__ R oanoke— American Nat BankColonial Nat B an k.. Day & Night Bank o f Roanoke_________ First National Bank. Nat Exchange Bank. Mountain Trust Bk. 100 120 125 Per 1,000,000 960,760 15,972,673 100 250 500.000 631,265 3,977,532 100 220 300.000 97,185 1.833,377 100 128H 1,000,000 787,108 6,920,274 100 249 2,000,000 2,634.810 24,868.647 100 280 200,000 162,662 1,709,246 100 210 1,000,000 1,460,275 16,208,458 100 270 share. 260 235 1,350,000 1,457.454 18,987.136 25 61% 1,000,000 2,031,056 13,542,311 100 200,000 425,720 2,055,068 25 105 500,000 972,095 2,507,795 50 100,000 177,069 1,670 603 25 79 400,000 1,249,975 10 14% 189,387 1,000,000 248,405 3,443.456 100 100 1,000,000 1,368,590 5,707,345 100 450 52% 370 300,000 600,000 205,000 301,062 200,000 400.000 500,000 760,000 32,090 975,615 100 90 743,582 6,676,705 100 400 912,879 10,799,022 100 400 1,465,196 20 22 200,527 1,980,000 2,737,388 255 283 Gross Surplus & Profits. Deposits. Capital. Ask. W heeling— Centre Wheeling Sav Citizens’-Mutual Half Dollar Sav Bank Nat Bank of W Va_ . Nat Exchange Bank. Cent Union & Tr C o. So Side Bk & Tr C o_. Dollar Sav & Tr Co Security Trust C o__ Wheeling Bank & Trust C o. __ __ $ 100,000 $ 103,716 Par. Bid. 5,924.702 100 145 375,000 600,000 264,885 2,772,038 100 245 100,000 535,326 4,404,196 100 165 500.000 619,638 5,163,852 100 215 500,000 281.184 1,940,766 100 135 493,466 205,428 1,690,150 100 225 100.000 750,000 2,001,385 15,036,723 100 325 300,000 d315,0S9 3,426,071 100 210 500,000 662,275 Ask. Per share. 100 225 $ 2,038,263 7,222,491 140 100 275 WISCONSIN— Nat banks June 30; State institutions June 30. La Crosse— Batavian Nat Bank. Exchange State Bank Nat Bk o f La Crosse. Security Savs Bank. State Bk of La Crosse 399,417 29,335 485,911 49,144 106,562 3,606,449 828,773 5,072,704 1,057,495 2,108,284 Milwaukee— Badger State Bank 192,845 200,000 Bay View Com & S B 104.689 100,000 Central State Bank. _ 100,000 50,478 City Bank ._ _ 54.965 300.000 First Wisconsin N Bk 6,000.000 4,799,469 Grand & Sixth N Bk 039,909 200,000 Home Savings Bank. 44,270 100.000 Holton Street Bank loo,ooo 18,728 American Nat Bank. 1,000.000 344.625 Marine Nat Bank__ 500.000 1.326,820 Marshall & Ilsley Bk 1,000.000 1,678,989 Merch & Farm State 127,915 200,000 Merch & M anuf B k. 400,000 278,765 Milw Comm’l Bank. 96,144 100,000 Mitchell St State B k. 200.000 164,700 Nat Bk of Commerce 1,000.000 450,945 Nat Exchange Bank. 500,000 856,185 Northwestern Nat Bk 200.000 23,981 Park Savings Bank. _ 200.000 141,368 Second Ward Sav Bk 1,000,000 2,613.106 Security Bk of M ilw . 64.902 100,000 Vliet St State Bank. 200.000 19.700 West Side Bank___ 400,000 0546,394 Wisconsin State B k. 100.000 337.033 North Avenue State. 200,000 151 815 First Wise Trust C o. 800,000 1,172,602 WYOMING— National banks June 30. 6,032,618 2,550,155 1,255,546 2,766,149 91,739 J 36 359.B95 1,837,954 1,128,444 12,028,632 10,403,546 25,209,182 2,872,202 3.070,406 1,969,143 3,376,017 10,164,096 8,268,647 559,782 3,045.920 34,756,228 1,260,029 1,089,406 3,551.067 3,727,433 3,324,814 2,780,332 Cheyenne— American Nat Bank. Cheyenne State Bank Citizens Nat B an k .. First National BankStock Growers N B k. 400,000 50,000 500,000 60,000 100,000 250.000 100.000 100,000 200,000 400,000 100 100 100 100 100 Per share. 215 150 225 150 210 Per share. 100 150 100 176 180 100 109 100 210 100 100 100 100 100 100 121 118 268 217 112 143 112 120 100 141 145 100 210 105 162 % 167 K 100 126 100 175 340 100 170 100 Per share. 3,165,481 875,119 1,776,118 100 1 Faile d 5,768.489 100 JJuly 9 1924 3,881,463 100 147,027 23.975 168,937 211,621 88,746 295 CANADA. 160 85 15 k' 102 Returns are all of date M ay 30 1925. NOVA SCOTIA. — Capital Paid in. 100 180 100 180 95 Reserve Fund. Deposits. Par. Bid. Ask. Prices are per cent, not per shar e. Halifax— Per cent. $ S Bank of Nova Scotia 10,000,000 19,500,000 173,774,270 100 274 M 24 ONTARIO. W ASHINGTON— National hanks June 30; State institutions June 30. Seattle— Bank for Savings__ 400,000 32,096 Canadian Bk o f Com 200,000 Dexter-Horton N Bk 2,200,000 759,794 First National Bank. 500.000 748.739 Japanese Coml Bank 100.000 105,376 Marine Nat Bank__ 300,000 119.309 Metropolitan Nat Bk 300,000 323,712 Nat Bk o f Commerce 1,000,000 899,591 Nat City Bk o f Seatt 500.000 302,787 People’s Sav Bank . 100.000 85,755 Seattle Nat Bank. . 1,000,000 1,075,819 Am Sav Bk & Tr C o. 600,000 88,707 University Nat Bank 200,000 66,690 974,832 4.912.203 36,436,797 14.046,777 1,417,969 5,106,710 7,257,298 22,125.483 5,182,958 5,035,257 26,328.858 2,181,361 2,506,249 Per share. 100 100 202 10(1 240 100 330 100 100 100 100 100 100 100 145 322 322 165 285 204 250 340 150 325 325 170 50 Spokane— American Bank 100,000 Brotherhood Nat Bk 200,000 Exchange Nat Bank. 1,000,000 500.000 Fidelity Nat B an k.. Old National B an k.. 1,200,000 Spok & East Tr C o .. 1,000,000 Washington Trust Co 200,000 Per 74,509 2,156,455 100 165 63,525 2,104,046 100 325,762 10.256,718 100 120 139.262 4,263,077 100 100 348,330 19.069.795 100 150 454,707 10,026,058 100 105 128,158 1,810,416 100 150 share. 175 Tacom a— Nat Bank o f Tacoma 1,000,000 Puget Sound Nat Bk 300,000 483,621 17,313,886 100 160 74,806 3,496,479 100 100 175 125 * Sale price. a April 6 1925. I Last sale, T oron to— Bank of Toronto___ Can Bank of Comm. Dominion Bank___ Imperial Bank of Can <75,000,000 20,000,000 6,000,000 97,000,000 4,823,400 6,000,000 20,000,000 7,000,000 7,500,000 2,900,000 81,012,388 369,302,942 87,686,142 85,398,245 62,541,183 100 100 100 100 50 Per cent. 205 206 203 205 196 2C0 177 QUEBEC. M ontreal— Bank of Montreal__ Banque Canadienne. Provincial Bk of Can Royal Bk of Canada . 29,916,700 5,500,000 3,000,000 20,400,000 29,916,700 5.500.000 1.500.000 20,400,000 Per cent. 565,200,421 100 249 95,914,950 100 i49 32,112,490 100 476,279,887 100 235% Quebec— Union Bank o f Can. . <78,000,000 1.750.000 81,578,009 125 102 160 no 155 100 117 SASKATCHEW AN. W eyburn— Weyburn Seem Bank g This is capital paid in; authorized amount is larger, x Ex-div. 524,560 225,000 e Dec. 31 1924. 3,139,607 d Mar. 31 1924. 100 A New stock.