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JAN 21 1949 BUS. ADM. ESTABLISHED 1839 LIBRARY In 2 Sections - Section 2 JUg. U. S. P*t. Office Volume 169 Number 4770 New York, N. Y., Thursday,' January 20, 1949 Monthly Range of Prices New York Stock - a prices, by months, for the dealings occurred record for stock issues •• tabulation year the on showing the high and low 1948 of every bond and stock in the New York Stock Exchange. starts on page 3, for bonds Treasury bond prices, by months for 1948, -,-y on Exchange During 1948 THIS SECTION c6ntains which Price, $1.50 are Business and Finance on shown on The page 15. page 24. Speaks After the Turn of the Year •THE OPINIONS of * - many of the nations leading executives on the outlook for business during 1949 appear in the FIRST SECTION of; today's ANNUAL REVIEW NUMBER BUYERS ' v:i of BLOCKS ■• of "; .v;:-?: OF STOCKS I • Corporations whose position better management, merger, :;;:®;;;: can be improved through financial assistance, broader distribution of their securities. or a . HILL, THOMPSON & CO., Inc. Executive and 70 Wall Underwriting Offices Street, New York 5, N. Y. Telephone WHitehall 4-4540 Trading Department 120 Broadway, New York 5, N. Y. Telephone REctor 2-2020 a Copy 2 FINANCIAL & COMMERCIAL THE (350) CHRONICLE Thursday, January 20, 1949 appliance dealers all participated, The Gas Industry By ROBERT W. Advances IIENDEE ../ . of crease peak / in industry, despite steel and producing and dis¬ natural gas reserves continue to despite increased consumption. Reports success of new gas manufacturing processes, which materials vital other retarded the planned ex- ments are pansion of its production and dis¬ tribution ca- Utility sales of natural gas dur¬ ing 1948 11948. to in clined customers a to changeovers several major companies to distribution of straight nat¬ attributable ing with gas than ever before, by the utility I gas irevenues ural gas instead of mixed gas. an Construction New all-time peak, I amounted m.c.f., with the loss of volume be¬ served reached 1947. over gain of but mixed gas sales de¬ 15.1% to total 146,173,400 m.c.f., 447,320,400 3.0%, More were 11.4% of Manufactured gas sales new 'records 2,802 079,200 m.c.f., were increase an tablished es 'several ; Commis¬ action by the sions. jpacity, the j gas i n d u stry ! adjustreceiving prompt and stances petitions for rate favorable with an expansion and it is estimated about $1,950,000,000 will be gas that four years. Natural gas reserves continue to gain despite increased yearly consumption and reserves hold every promise of being adequate zation of gas appliances. A Year The past the construction of new* a year great progress for the gas With gas planning an expansion program totaling $3.3 billion for construc¬ tion and improvements over the next five years, with a substantial try. part of this capital investment in the gas utility industry to approximately $10 billion, placing it high in the list of American industries. lift of indus¬ utility companies was facilities. Completion of this program would of Progress year has industry the potential demand for to meet to come. The Re¬ Committee of the Ameri¬ serves can Association Gas that amount allocated for 1949, there is every reason to lieve that the gas industry be¬ will ^continue its record-breaking prog¬ year, of Commission, the during authorized the construction 8,500 miles of pipelines, bringing the total in the ress in 1949. United States to about 251,330 Today's natural gas pipe¬ At the end of 1948 the gas util¬ miles. ities were serving 22,689 800 cus¬ line system exceeds the railroad tomers, including LP customers mileage in the nation by 17,000 served directly by utilities. This miles and exceeds the oil pipe¬ was an increase of 4.1% over the 21,791,700 customers being served at the end of 1947, the previous record year. Based on normal rates of increase, the gas utilities will be serving nearly 24,000,000 customers at the end of 1949, and of natural lines gas pipelines by more than 100,000 miles. approved, miles. the cu. * with ceeded. meeting exceptions, few of revenues an by branch, which adopting through new manufactured gins of gas utilities. gas In most in- system was + 4.-3 under the research Catalytic reforming of butane and natural gas propane, manufacture to that is uted of method one several by Manufacture employed companies. high Btu gas from oil nearly thermal capacity of an¬ doubled company, more many enabling it to customers with additional minimum cost in gas- making apparatus and practically no increase in distribution costs. A new for manufactur¬ process ing gas with heating value equiv¬ alent to that of natural gas from lower-grade, the reduced fuels lgss expensive oils, of cost gas-making 30% and in¬ than more creased the thermal capacity more than manufactured 35% of one Other projects un¬ industry's research pro¬ gas company. the gram are nearing completion and + 9.8 1947 % Change 10,808,000 + 13.3 + 13.3 + 16.2 45,300 39,000 10,600 8,000 2,802,079,200 881,830,600 262,071,600 1,558,652,800 99,524,200 2,515,251,000 740,572,000 224,295,000 1,467,504,000 82,880,000 + $980,064,700 $848,316,000 + 15.5 547,416,000 120,554,100 295,889,900 • 16,204,700 462,828,000 + 18.3 102,477,000 + 17.6 269,180,000 13,331,000 + + 12.6 (MCF)— _____________ _______ ________ Other + 11.4 + 19.1 + 16.8 6.2 REVENUES— Total Residential Commercial Industrial Other MANUFACTURED GAS CUSTOMERS— * " Total (PRELIMINARY ESTIMATES) 1947 1948 % Change 2.3 8,565,000 7,800,500 7,995,000 — 524,500 525,000 — 38,700 39.000 6,200 -3,000 447,320,400 434,101,000 + 3.0 300,593,700 73,907,300 291,274,000 .68,566,000 + 3.2 4 7.8 68,603,600 69,723,000 4,215,800 4,538,000 $459,754,800 $413,492,000 + 11.2 338,639,200 71,272.900 306.980,000 + 10.3 62,134,000 + 14.7 46,764,600 41,404,000 + 12.9 3,078,100 Commercial 2,974,000 - Industrial Other SALES 9.9 8,369,900 Residential — — 2.4 0.1 0.8 (MCF)— Total Residential Commercial Industrial Other 1.6 REVENUES— TotalResidential fuel standby a + 11.8 + 14.7 856,600 Industrial , Commercial Industrial be enriched and distrib¬ can + 11.7 10,000,000 761,000 Commercial processes developed program. 1948 12,242,500 11,330,000 ___ Residential demands load peak ^ Other MIXED GAS (PRELIMINARY CUSTOMERS— 1948 ESTIMATfeS) 1947 % Change • 1,756,200 2,185,000 —19.6 1,655,600 88,700 2,053,000 —19.4 117,000 —24.2 10,880 13,000 —1-3.9 1,100 2,000 146,173,400 172,069,000 -15.1 113,969,000 24,778,000 -21.0 Commercial 89,987,000 23,107,400 Industrial 31,846,300 1,232,700 31,891,000 1,431,000 $103,606,500 74,744,100 $122,136,000 91,376,000 13,976,500 14,319,600 566,300 15,390,000 14,695,000 675,000 Total Residential Commercial Industrial Other SALES (MCF)— Total ___ Residential Other - - 6.7 0.1 REVENUES— Total Residential Commercial Industrial Other —15.2 —18.2 — — 9.2 2.6 Com¬ The largest single will add 1,400 miles to its situation and have been and We with Dealers, Individuals and Corporations; which relief respect to the need for in¬ creased revenues offerings of Bonds, Stocks, and Common Stocks from prompt in authorizing ally solicit Preferred gener¬ are suitable for retail distribu¬ tion in the State of Pennsylvania. if service to the public is to be maintained at pres¬ ent ' high levels. Although gas appliance manu¬ Tennessee Gas facturers also are plagued by steel Transmission project which in¬ shortages, production and sales of were offset to some extent by rate a 1 387-mile line from gas ranges reached a new high increases granted last year to cludes many utility companies. Regula¬ Texas to Pittsburgh. It is expected during the past year. Under the stimulus of the first coordinated tory authorities have readily rec¬ that total supplies of natural gas ognized the rising trend of costs in these areas will be increased advertising and promotional cam¬ that dangerously narrowed or 20% when these lines are com¬ paign in which the American Gas More than $675,000,000 Association, gas utility companies, J completely eliminated profit mar¬ pleted. the 92,100 petus to the gains made last year Power all-time gas-making materials used 5.2 additional 14,600 an New of 4.0 + 4.1 Other in pending Federal York, New Jersey and Penn¬ gas utilities peak of $1,- sylvania. Other important authorizations 559,624,600 in 1948, a gain of 11.7% over revenues of $1,395,762,000 in by the Federal Power Commis¬ 1947. Rising costs of labor and sion include those-of the Texas materials, particularly in the cost Eastern Transmission Corporation Total reached + + (PRELIMINARY ESTIMATES) Commercial upward these results will add further im¬ applications total % Change 21,791,700 20.259,200 1,423,800 $1,395,762,000 869,501,000 182.962,000 325,642,000 17,657,000 Residential - by the manufactured gas branch. Rising costs of materials and authori¬ labor dangerously narrowed profit with any improvement in steel shortages and any appreciable zation by the Commission jvas margins or completely eliminated construction by the Trans¬ them for some manufactured gas amount of additional natural gas for in the manufactured gas areas, continental Gas Pipe Line Com¬ companies^. To offset these sharply of an 1,840-mile pipeline rising costs more than 100 gas the 24,000,000 mark can easily be pany passed. In addition to the cus¬ from Texas to New York City at utility companies have found it necessary to petition rate in¬ tomers served by gas utilities, it an estimated cost of $189,000,000. Approximately 50 com¬ is estimated that more than 4,- This new line, estimated to be the creases. 500,000 customers are being served longest and costliest natural gas panies have reported rate adjust¬ Regulatory au¬ with liquefied petroleum or bot¬ pipeline in the world, will supply ments this year. have recognized the tled gas in territories not reached 340 million cu. ft. of natural gas thorities daily to gas utility companies in urgency of the manufactured gas by gas utility mains. before mission 23) page Industrial , estimated projects already addition to In on 1947 . 20,084,600 Total i Total der Additional Pipe Lines the spent during 1948 on gas for house heating in $1,559,624,600 972,210,700 209,861,800 357,467,500 NATURAL GAS SALES 165.9 trillion _______ CUSTOMERS— ft., com¬ approximately new central 16,600 Other V. pared with 160.6 trillion cu. ft. at the beginning of 1947. Although 5.6 trillion cu. ft. were produced totaled industry continued its spectacular growth in 1948. The Federal Power ______ Commercial proved recoverable re¬ at the beginning of 1948 serves serve gas gas (Continued 18,700 Industrial the branch of the natural of 21,076,400 1,498,400 96,300 ______ of (PRELIMINARY ESTIMATES) 1948 ________ Residential years many other The Production 22,689,800 _• Total spent during the next during 1947, new discoveries and ever-grow¬ estimated its ciation's program are improving capital requirements for construc¬ the transmission and distribution tion and capital financing for the of natural gas, while research car¬ five-year period 1948-1952 at $3.3 ried on in the domestic field has billion, with more than 90% of resulted in refinements and utili¬ this amount to be expended for the OF GAS Other Research program of noteworthy when it is remem¬ pand plant facilities, are hopeful the American Gas Association bered that the 1947 figure included of the advent of natural gas to In the interim, have made possible substantial $143,000,000 for the purchase of their territories. these companies, aided to no small decreases in the cost of gas-mak¬ the Big Inch and Little Inch pipe¬ degree by the outstanding results ing fuels and greatly increased lines from the government. thermal capacity of existing ap¬ Forecasting a continuation of of the Association's Gas Produc¬ paratus. General technical re¬ this tremendous demand fbr gas, tion Research program, have suc¬ under the Asso¬ sale Residential Production projects gas water gas 1,450,000 units, a only once, in 1.800,000 units were heating appliances was adversely affected by restrictions on the sold. Industrial ! search 2,390,000 automatic Commercial : ■ of Total • revisions of reserves in ing demand for gas and despite proved fields continued to exceed Robert W. Hendee limitations resulting from short¬ the rate of production of natural ;n e w high J gas. level and cap1 ages of steel, the gas utility com¬ jital expenditures for construction panies spent more than $875,000,New Manufacturing Processes and expansion of gas utility sys¬ 000 last year in the expansion of Manufactured gas companies in production, transmission tems surpassed any previous fig¬ their the East, and distribution beset by problems of facilities, sur¬ ure in the history of the gas in¬ passing the previous record of heavy demands for househeating dustry. New processes for manufactur¬ $800,000,000 spent in 1947. The and other gas services in the face in 1948 is especially of shortages of materials to ex¬ ing gas developed under the Gas increase faced Still output of gas attained a when 1947 when REVENUES— ; — — surpassed sold. previous CUSTOMERS— l' with further achievements in years to come. Despite continuing shortages of > >-steel- and the over ALL TYPES tributing construction in five years and says gain 17% ranges were Looks for $3.3 billion of new gas other materials shortages. to 2,800,000 units, an in¬ year rose Interstate Gas Company records established by gas new totaled record 1947 Sales Mr. Hendee reviews heaters the ,. Association President, American Gas President, Colorado during shipments range gas natural gas appliance manufacturers and ! BATTLES & COMPANY INC. 1528 WALNUT STREET PHILADELPHIA 2 90 BROAD STREET NEW YORK 4 "Volume 169 1 ... i . i i Number 4770' i ; , THE COMMERCIAL & FINANCIAL CHRONICLE (351) , Monthly Range of Prices on the NEW YORK STOCK EXCHANGE The tables which follow show the ings occurred high and low prices, by months, for the the New York Stock Exchange. on BOURSE The prices in all PRICES:OF RAILROAD AND OF 1948 of every bond and every stock in which any deal¬ year based cases are actual sales. on MISCELLANEOUS STOCKS *' AND BONDS FOR 1948 ' January STOCKS Low February Low High $ per Share March Low High Share $ per June May April High Low Low $ per Share High $ per Share $ per Share High Low July High Low $ per Share August High Low $ per Share September High Low $ per Share October Low High November High Low December High Low $ per Share 64 69% 63% 72 85 65% 71% 85 65 % 703/4 78% 83 81 81 76 76 $ per Share $ per Share A Abbott Laboratories. • ACP Brill Acme Motors Steel Co Adams Express Alabama & pfd series prior conv 16% 14% 17 %i 16% 42 45 42 45 34 33% 31 36 28% 3iya 7y2 qi/2 71/8 22 Va 26 yg 102% 102% 3% A 30% 8% 26% 41/4 102 102 4'% 3% 16% 80 3% . 102% 3% 18% 75% 2%. 3% Amalgamated 3 %% Prior cum American American 23 211/4 33 151/s ' 13 15% 14% 24% 21% 108 3% 108 4% 108 3% 105 4%' 108 3% f, 104 4 23% 21'/4 105 101 3%' 18 3/S 213/4 3% 19% 21% 17% 20 161/a 17% 80 80 80% 77% 79 73% 77 3% 43/8 3% 4-1/8 3% 41/8*. 3%- ' 45 Va 40 40 35 37 273/4 29% 16% 35% 19% 27'% 18% 18 22% 24% «• 19% 19% 243/8 X183/4 102 99 3 '/a 3% I6I/4 71% 17% 161/4 17% 72% 65% 721/4 . -3 Va- 3 3% 3 3% 3% 2% ' •17% 20%' 1003/4 2% 33/b 13% 153% 65 69 2% 391/4 1003% 3% 14% 65 3% • 101 3% 69 3% 2% 38 42 48 46i/4 481/4 51% 49% ' 52% 48 72 73% 72% 74 74% 71 ! 73V2 72% 54% 4.9% 58% 7314 73 73 56 71 451% 51 25% 29% 29% 31% 29 31 72% 69 ' • 331/2 ?8 70% 67 V 32% 27% 29%' 70% 651/4 67 27% 30% 27% R2 24% 105% 303/e 23% 103% 253/4 103% 108'A gtd___100 43% 10 178 % 11 5 19 21% 10 50% 75/" %/ 34 39% 28 (Del) 1 18i/2 19% 313/4 343/4 29 28 29% 29% 283/4 33% 31% 37% 34% 361/a 32% 36 84'/2 82% 93% 861/2 90 3/4 90 91 87% 89% 84 •x26 % •; 81 36% 34 91% 87 28 y4 6y4 5% 85% 8'/4 7% 28% 28% 30 34% 30 34% 88 82 83% : 31% 29% 28 31'/8 27% 29 27% 301/a 28 47% 47 10 49% 83/4 6% 5% 48 48 111 111 46% .• 61/4 47i/2 102 121 46i/4 10 5% ; 6% 48 48 51.. 5% ' 46 1183/4 112% 52%' 49% 5% 107 48 : 4% 47 511%. 8 7/8 ' 10 62 68 60y8 64 57 213/a 241/4 23 37 25% 63 64 V2 58% 64 6.1 65 1 66% 70 64 67% 66 70 10% 11% 10'/8 ll'/a ,y* 12% 61% 111/4 12 »/4 103/4 14% 12% 14% 12 Ya 14% 39 37 40 3 8'A 43% 401/b 43% 38% 421/4 : 65 9% 9i/2 71/4 4% 103 45% 51 41 8% 71/4 . X104 I 108 1053/4 108 : 106 1091/4 109 . 7'% 47% 53 47 533/4 23% 491% 27% 24 55'% 25% 21% 61% 65»/a 60 26 20 63 22% 59 61 593/4 121/a 14 12% 6H% 61 % 64 13% 12% 131/4 10% 12% 10% 12 36% 391/4 35% 39% 35% 38 32% 38 31% 34%. Ill 107 110 104% 106% 91/8 7% 8% .6%- 8% ' 4 Va 51/8 ■ 4 41/2 5% 4% .79% 87% 86% 168 ' 175 y2 167% 170% 168% 168 '/a 172% 1721/a 42% 37% 413/4 39% 45% 42 4814 46 49% 431/4 44 preferred Cable ♦ 38 94 98 100'/a ♦ 21 22 y4 Inc preferred 100 Co * Colortype Co Crystal Sugar Co prior preferred Cyanamid Co— 43% 100 __ Co 39% 10 _____10 Cum 4>/2% 100 10 preferred series A— 100 1041/4 106y2 81% 87%. 169 173 : : 97% 96% 97 94% 99% 95 99% a9%i 9sy4: 183/4 22% 22 23 22% 27 23% 26% 23 25 104% 43 47% 163/4 18% 19% 16 18% 88% 40 y4 33% 38 3 94% 103% 106 1063/4 105% 44 1053/4 50 17% 46 107% 50% - 20 18% 18% 106% 46 19% 107% 108 1 50% 173/4 T 108%. - 45 51 17% 18% 88 34: 91 34'/8 37% 363/4 39% 97% 101 %, '.t 41 105 1061%/ 61/4 . 7% f:: 4 801/2 4 79'4 1631% 36 ! 45 921/4 95% 25% 23 24%' 110 47 : 35% 106% 108% 41% . 103 3/4 7% ' 80 • 231/4 45% 107 - 6% 103 1 83% 167 105 6% 4% . 85% 941/4 71/a 6% f 44i/» 108% - 171% 166 -1 103% J. 5 / 44% - 103% 6>/a 221/a 78 174% 373% IO1/4 3% 82'% 171%X174% 283/4 34% 92% 74 90 741/4 84% 24% 203/4 24% 21 2iyz 107'% 107 IO73/4 107 107 42% 46 39% 42 17% 38 15% 17% 16 18 15% 17% 15 17% 19 17% 193,4 16 89% 90% 88 183% 14% 16% 9.1 86% 873% •: 86% 36% 39% 87 291/4 36% 43 873% 41% 81 35% 36% 40% 16% 17%. 17 19% 22% 19% 21% 18 ^ 911/4 91% 94 89%: 91%. 36% "41% '37% 41% 35% 39% 102% 1071/4 97% 103 % " 99% 102%'- 99%' 6% 5% ; ' 102 36% 45 16% 98% 105% 5% 6% 5 6 38%. 33 »4 38% 30 37 30 32 3/a 18 17% 19% 16% 17% 15% 17'% 163/4 X14 % 953/8 103 96 101% ' American Distilling Co American 20 Encaustic Tiling Co Inc____1 European Securities " American American Export Lines Inc American & Foreign Power Co Inc_ $7 preferred 40«i Ice__ ; International American Investment American 7% Locomotive 3.90% cum Corp American 7% 9% 63/4 52 20% 23% ... 12 13 Va 15 Va 20% ss ya 17Ya 81% 7% 23y4 128ye 43 50 21 24% 23% 25% 6% 61/4 10% : 6% 71/a . 15% 14% 21% 102% 97 20 16 V" 18% 84'/a 791/4 82 81 85 8'/2 6% 28*% 26% 24% 126 132 7% 7 24% 7% 20 & 1 I 8'/4 * Standard 31 Steel American 38% ,18% 63% 15 151/s 16% 22% 71'8 •6% 151/8 13% 14% 16% 19 17% 18% "8% 29 6% "71% "7% 32% 8% 32% 303/4 33 9% 333/4 127 7% 7<% 30 - 25%. 107 231/2 107 Co. 1-5%' 90 10% 31% 34% 127 , 8% " 6% 8% 8 f 321/4 5% Wks Water American Woolen 7% $4 cum cum American $5 prior Co 131 8% 3134 130% 9% $4 convertible preferred Glass 1434 13 V* 60 37 54 37% 43 39% 37% 38% 35% 37% 4% 3% 47 22% 24% 4% 481% x23 5 4 48% 47 25 X22% 14 12% - 14% 6% 61/4 6% 6 6 % 13% 12% 14% 11 14% 16% ; 135% 17 20% / 16% 23%- 102% 103% 211/s 103% 17% 16'% 23% 143/e 16% 18 183/4 100'% 13% 16% 13% 15% 121/4 14i% 12 84 80 80 76'/8 79 72% 30% : 127 6% 7% 28% 31% 124 134 71/4 28% 127 120% 8% 61% 34% 28% 130 124 73/4 3% 6 34'% 29 128 128% 93 91/8 11% 8 7'4 33I/2 30%- 63/4 "73/8 5% 7 303/4 313% 313% 35 8% 9% 9% 11 93 86% 89'/4 87% 91% 891% 92 77 80 78% 82% 80 83% 163/4 14% 16%' 14% 168% 9 10% 13 15% 98 7% 321/4 84 , 7% 31% 130 6% 78% - 13% 77 30% 7'% 32% 88 ■ 16% 16% 96% 151/4 133/8 16 162% 165 7% ' 10% 80'% 92% 803/4 87 69% 83% 6 9 3/8 75 Xl4 7% 16 133/4 83/4 14% 170 170 10% 11V4 10 11 10 11 X10 11% 10% 11 19 16%. 18% 17 19% 18% 21% 20% 25 23 % 26% 24 24 39% 45 43 46 26% 26 24 33% 24'/4 40% 41 27% 41% 23 43 Vz 23 39 39% 27% 23 44'A 39 24% 58 57% 601/8 40% 38 41 57 38 68 42% 38 47% 4iy4 46% 53% 44% 561% 40 63% 68 38% 40 51 Va 144'/2 v_ 34% 135 139 33 148 31 13 8 313/4 133 140 . 145 142 151 32%. 133 1 164% / 149 „ 3334 153 31% 135 27 y4 29% 25% 23% 26% 29% 24 " 26I/4 23 24% 22 '/a 2334 .21 '35Y\ 241/2 19% 21% 19.., 20% 39% '34% 37 36'/4 3934 '29 Ya 170 151% 34 135 131 * __100 128 5 18 - 150 Va 64 ' 19%- 153 y8 68 Va 18 14334 60'% 61% 69% 621/8 136% 141 Va 139'4 52 % 116% 60 y4 463/4 119% 116% 8 7 * 25 .50 7'/p 15%.. 41 Va * 1221/a. 127%; 129 ,—25 183/4- 151% 661/2 159% 33 35i%, 132 -■ 135 171 153% 34 53 , 18% 19% 147% 150% 54% 62% 58 ; 132 35% 29 331/4 26 22% 25%' 20% 18% 1.9% 15% IB'/a 16 39% 371/4 40%' '36% 39% 117% 116% 118% 7% 71/b 7% X117 7% 126 , 19% 154% 61% 64 20% 153V4 158 55% 60% 135 142% 63% 70 125 19 153% 56% 127 127% 20% 181/4 158% 152% 19 60 563/4 137% 141 150% 61 143 119% 117% 119 8% 7% 38% 44% 36% 44% 43% 95 97 95 96% 98% 100 86 y2 6'/2 89% 85% 90% 76% 87% 87% 99 7% 64 " 34% 38 38%- 104% 6 63 ,30% 30 6% 6 63 37 99 71/a 631/a 65 33 34% 32%- 7% 63'% ,33% 98% • 38% 361/a 30% ' 281/3 100 3 6 Va• 321/a 101 .35% - 30%101% 23% 8% 137 59% 67 70% 64 : 71%' 49% - 8i/s 66 x381/2 38% 37'/2105 48% 55% 7 100 34 102% 105 IO534 104% 83/4 6% 112%' 8% 18% 64% 60% 131 19 120 18 153j% 150 64 % 58 133% 1321/2 19 153% 64% 137 Ya 52% 41% 48% 101% 100% 101 99% 112% % 911/4 100 96 109 * 7% 361/4 27 106 1193% 124% 44% 30% 28i,4 123% 120 563/4 41%- 36%" 12 40% 8 35% 100 10% 37% 117% 62 33%- 15% 393/4 151% 138'/4 • 58 ,6V4 7% 6% 100 96 7% X33% 70 122 163% x 18% 1491/2 1513/4 59% 134 63% 138 60 65% 117 1183/4 6 3/4 7% 451/8 341/4 39 96 99% 90 95% 82% 86 801/4 82% 5% 7% x5'/a 6 81% 61% 57 59 51 56% 52 56% 34% 38 351% 383/4 33 38% 323/4 35% 39 " 57 38 . 98% 8 22% 12'% 7 39% 451,4 591/8" 1311/4 28% 36i% 60'/a 61% 107 19 155% 35% 130 16% 115% 343/4 28% 18 150% 55% 154 39 3 8% 64% 3914 1241/4 21 7 13% 69% 40% 105 24 25% 171 363/4 118% 64% 37 213/4 . 7% .991/4 56% 44% 24% 17 64% X50 '/a 50% 104 106 y8 23% 128 32% xll6% 38 - 25% 8 'A 67 v 3174 393'4 x 32 128 27% 70a4 41% 30% 53 X146 118% 64 36 62 24% . 6% 34% .7% 35% 105 125 170 152 63 3/a 7,1% 7% 63% 139%. 32% 116% 7% 120 102 8% * 51% 144 7Qi/4 7% Ill 1/4 98. 19 1.54%: 119 128 73% 119% 118 3/4 8 53% r 35 167% 6% 63% 120 7% 49% 130 61 151 162% 29%' 23%" * 126 81/4 1181/4 118% 1031/2 100 1361/4 25 31% 132 26% 3034 17%" 155% 131: 133 28 125% 131% 17% 95 32% 126 18'/4 34 ; 129 61,% 137% 44% 62% 33 121% . 135 148 33% 36% 19. 37 . 55% 152 31% 32 7% x591/4 148 34% 243/q 41 5/7% ■> .■ 8% 54% 60'/a 153% 33 t 34% 20%, 58% 54% 148 167 8 27 . 18 57'4 35 167 . 30% 38 132 144 151% 33% 9 261% 20% 18 65% 146 168 8 27 39% 149% 63 ¥s 137 47V2 ' ' 168 10% 56% 163% 135 171 8% 32% 1.81/4 122 '/a x34'/2 133 '37% 110'/$! .125%: 541/2 .67 1421/4 23% 99 35% 100 15. 163% 22% 101% 83 8 31% 172% 15% 17% 13 16% 85 , 6% 79 121/a * For footnotes see page 11% 5% 11% 97% 106 94.% 80% 251% 17 V4 176 165 14% 9% x91 47 23 10% 172 165 13% 11%' 86 "2 47 25'% 87 7% 32'% 95J/2 4% 47 * Corp——12.50 * 35 135 23 17% : 7% 3814 15% 8% 8% 2 49% 6 Ya 84 341/4' 77 —— prior preference— Hocking 8% 7% 86 Zinc Lead & Smelting Co—1 preferred . 31% 82 _T—___* --100 Copper Mining Co— Anaconda Wire & Cable Anchor * 18 93% 7% 30% 201/4 33% 92% 143% 1% 42 9% 6'4 103% 105 ,8% 87. Inc___—.5 Anaconda * 34% \ 135 6% 12% 13% 734 77% Elec Co Inc__* Co preferred conv 7 10 13% 2% 64 52'% 5% 46% 31% 80 _14 & 24% 8% 91 100. American 22% 7% 17% 1% 42% 63 4% 6% 2% 69% 40 38% 5% 331% 73% 12% 25 Cqrp Works Water /. 39% 17 831/b -_100 — preferred American 12% 5% 30 87% & Telegraph_,_100 „ Viscose 58 2 62% ' '7 ; 17% \1G% 24%- 9434 10 J 78% 100 preferred American 38 13 108 20% 72% * — American Tobacco CO—: 6% 21% 107 92 81 100 preferred Class B 65> 14% 3% 72%' * Sumatra Tobacco Corp.__ American Telephone 263/4; 108 92 8% 8% * Co Refining j 59 161/4 1% G6% 6% 79 171/2 85 % * Stove Sugar cum 141/4 16% 3% 7% 14% - 72 11% .. 25% 2134 95% __100 ,___ American 7% 17 5% —5 . Foundries ^American America 47. - 88 88 v . ' ; 6% 33 10% - 40% 5%' 18 7 V2 .25 Co 634 -• 17% 6 % 89 12%- 86% 100 ___. Co Stores 41 36 3 68% - 66 - 23 77 V4 * Sanitary_'» preferred non-cum American 38% 46 __* Light Co___— Safety Razor Snuff 63 26% * & 65 47% 102 % 125 60% 24% 88 15% 13% 26% 2 4 Vo , 77 10% 6% 16% 16% •3% 3% 14% :i; 32 - 71% 24 15% 23% 15% 5% '/a 4G 151/8 .8 126 71/4 12% 81% 878 125 .129 21% 4 49 105 10? 17%. 19% 100 18% , 17% 6% 73% 70 48 - 20% 19% 95% L 18%* 1514 43% 534 «3y» 5% 11 / 66 88 % 11 11% 60 40% 50 11% 13% 8% 6% 6 51 fii/e x145/b ,1 63 . 38 6% -4 % 7534 9% 83i, : .2% 701/4 , 51 16% 22 Va 104 y4 102 72- .. 88 11'/4 * 5 Va- 6% 5% 50 <2% 2% 68 7 61/2 ._______100 , Co Co Seating Co_. American Ship Building. Co___ American Smelting & Refining Co 7% preferred 6% . 731% 92 * _ American American 2% •10% 1Ya 6V2 92 * preferred cum 24% 100 — Radiator American 23 Va . » 1 1 preferred Amer 53 1 111 Foundry Coj preferred $5 6'/4 53 100 Power $6 1 • Co Ltd News 18 38% preferred Molasses 16% 15% 37% preferred preferred— 1734 18Va 38i/2 — Aletal American Xl6% 16% j2 65%. 7% 7 17%. : x37% Machine & Metals-Inc American 86 34 40% 15% 19 40 7% , American 6% 2 % - 35 16 >/8 16% 37V2 10 l American 4V2% 2 73% 42% 15% 621/2 ____50 Co & . 36% 15% . 55 100 Machine 14 y8 16 2'/4 4934 7334 preferred American 15% 17 89 Va 100 of 143/8 16 ;2 7% 26% 27 X65 ___, Co 16 17V4 86 5% 30% 17% 14% * /':■ ;.-v 6% -• 5% ; 77% preferred non-cum 5% 31 73'A Co convertible preferred American Home Products Corp 67c 5 251/B 7'/a Hide & Leather Co 6% American 5% _____* preferred American-Hawaiian Steamship American 273/4 * $6 American 6% 5 'J:,: 5'/s 16 * $7 second preferred series A 25 30 Vz 27 , 104 'A 7% 3 82 3%: fr 163% 28% 39 103 9% 43%o 3% 78 8 20% 20% 213/s 90 16% 85% 170% 8 92% 102'%' 106% 17% 90 101 51 471/2 161/4 163/8 88 '/a 8 107% 1061/4 - 80'/a 166 91 19y2 101% * . 98% 88% 37 Ya 883/4 177 4%" '■■•v 21% 17Y\ . 6% 106 "a 88 17% 5% 19% 50 Ya 47 :r 38 »/4 7% 52% 4% Foundry Co____ 34'% 6% 471/4 82% 172% 98% 8'% 3% 175%' 40 45 89% 26% 78% 175 36 3%. 44 54% _100 preferred 42% 31% . 24 4% 83% 4% 44 112'/a 51 79% 6%' 37% 88% 29% 3% 92 34 111 283% 61% 76% . 84 25 80 Y* 4% 29 81'% 52 77 AV* 28 27% 3% 44 98 51% 25% 323/4 x25 4'A 102% . 30 61 25 ■ 31% 18i% 83% 77% 16% 29 , ' V __1 * 89 - 45 94 capital stock 361/4 51/8 45 100% 68 8 5% ' • II91/4 21% 106 27% 85 18% 103% 78% 26i% 80 581/2 107% 73 84% 21 105 V* 87% 29% 921/4" 59 40% 26% 95%' 19 37% 34% 35'/4 55 Va 42'% -26 31% ' 58 39 y2 341/4 331/4- 36 21% • 27% 82 87 > 181'% x263/4 38% 5% 8 3/4" 174 83% 90%: / "18% 32% 34 28 190 xl7% 7% 29% 41% 30% 173 30% 98 29 9% 28% 933/i 31 103% 95 8% 82% 37% 28 100 . 19'/4 42% : 94 2% 18% 963/4 51% Co___ 19% 36% 19% __1 29'/4 31% 10 class A 18'A "49 9% 194% 20% 90% 47 81/s 94%. 184 393/4 104% 42 8V'4 19 188 - 941/4 291/8 46 94% 48% 31% 20% 180 x9 — 361/4 5% 47 43 19 108% 94 10 91% 5 47 52 20 105 93 91 %': 25% 5% .18% 105 8 '/a' 37% I' 83% 50 106 V4 7V4 187% 19% - 100 Co 1801/2 33 25% 30 >/2 48'/2 192%; 18% 86 92y2 48 182 10 Ya 293/4 33% 91 Ya 91 195% - , 93 ~9% 11 19% 85 '* 187 93 % 9% 30% 29 ___50 198 187% 104 108% 94 % 11% 18% 83% 5'/2 192% 96 28 25 __1 182i/2 103/s 32% 31 »/4 34% /, 96 104 21% 89 * 11 10 91/8 184y4 9 i 94 10% 109 107 51 19 27 100 t xl71 109 55% 28% 33% 86 i Inc 9%' 180% • preferred--—__100 & 171% 100 • Cos 8% 190 31'/a 90~ 90 7—L- 1 * __. American 3J/2 % 15 40% 12% 221/s 46 18% 28% American American 33%- 15% 36% 15% 261% 44 3/8 20 72' Shoe Chicle 38% 41% 12% 241/8 53% 17 40% was convertible 38% 37 12% 45% 70% preferred 4 7%/non-cum 38 27% 8% ; • 24% __50 American Chain 34 24'% 54% 20% 50 37 Note & 42 51% 30% Co___' Car 40 45% 72 Inc conv Can 45 41% American Broadcasting Co Inc American Cable & Radio American 45 2% 70% preferred convertible 44 1 4 27% Leather June 46 23/4 39 Cement Brake 19 44% , 4% ♦ Bosch Corp to American 18% 21 45% 3% 100 preferred American 21% 44% 23% 4% ___♦ * Bank 49% 19 50%- 53% 19% 20% 45% 108 Airlines cum American 54 '4 Ya, j Amerada Petroleum Corp American Agric Chemical American 511/2 20% 55% 23 £■ 6 preferred Steel Corp__ convertible 3% 42% 4Ye 3% 71 ~4% 5i/4 781/4 18% 76% c- 80 3%. 68% "i% 53 104 105 17 78 77 55i/4 9% 27 i/a 4 15% 3.I/4 37% - 25 102 3% 80 - 2% 8 8%' 25% 101 17% 14% 80 3 21 80 7%. 22% • 70 "5% 18 18% 45% 77% 4% 6% 51% 54 14% 100 Inc Portland 5% 511/4 74% 100 5% preferred Mills T% 52 >/4 77% 71 89 6% • 43 >/2 5 series Allied Stores Corp 4% cum preferred Allis-Chalmers Mfg Co 3%% cum. conv preferred i.. 48 75% 5 17% 10 Industries Inc 4% 50% 68% 5% 46 y2 .100 Allegheny & Western Ry 6% 6% V2 24% Allied Chemical & Dye Corp Allied Kid Co ■,i 45 .4% 45 l $2.50 52% 5% 501/2 _— Vicksburg Ry Co Allegheny Ludlum 6% 50 1 , Inc— 5V2% Alpha 85 10 — r... Cum preferred 4]/4% Allied 70% 80 4% 1 Alleghany Corp— Allen 64% 80 6% * Alaska Juneau Gold Mining____ Aldens Inc $4.50 72 80 ___ Addressograph-Multigraph Corp 66% 90 5% 10 s,—_ Adams-Miliis Corp______.i Admiral 79% 90 2.50 Co Air Reduction 70 y4 * Abraham & Straus Inc High $ per Share 341/4- 36% x313/4 29 26 100% 98; 38 - 293/4 100 4 35 25% 98 37% 28% 100% 30% 25% 101 35% 27% 25% 27 102% 1021% 103 4 January STOCKS Low Anderson Prichard Andes P Oil $ 21 % 51 i/a 193/, 23% 9% Corp Copper Mining Co W Products Inc 5 Steel 4%% Corp common Armour American as & Rolling preferred known June 25 2nd Corp T F 4% 4% 4% 5% 31% 28% 29% 94 25% 30 26 % 31 29% 90 98 91% 95% 14% 49% 53 % 27% 33'A 26% 29% 233A 28% 24% 28% 22% 27% 21% 25 10 lOV, 9% 9% 10% 10% 63/4 53/4 6 3A "5% _6% 33% 303A 343/4 2 8 3/4 32% 323/s 30% 323/8 99% 98% 101 »/2 ' 5'A 5% 27% 301/4 23% 263/a 90% 97 89 91' 32% 97% 27% 29% 263/4. 30% 95% 99 94 98% 931/4 12% 13% 98 Va 993A 48 Va 503A 91 94 96% 13% 15 Va 12% 100 104 100 14% 1033/4 533/4 543A 50% 563A 95% 983A 97% 99 V, 110% 1123/4 111% 114% 12% 13% 100 103% 12% 7% 8% 6% 8 100% 77Va 85% 75 82 68 Va 76 48% 52% 49% 55 44 53 46'A 49. 96% 92% 943A 92'A 94% 94 96 95 1131/4 123/4 101 50 981/2 953/4 8% 77'/4 533A 12 99% 56% 52% 94 8% 7% ' 97 111 109% 1121/4 108% 103 110% 16 14% 15'A 143/4 15% 14 16'/a 13% 15 15% 12% 13% 12% 13% 12% 14 14 17% 15% 17 15% 173/b 16 173/4 15V2 17 14% 15% 13 15% 11% 13% 15% 108 13 Va 15 93% 109% 12% V, 104 100 143/4 106 101% 102'/a 96 99% 94 28% 26 14 % 100 109 110% 111 115% 111% * 26 28 V, 26% 97% 101% 84 93 V, 89 14% 17 V, 16% 104 97% 2 8'A 102 110 100 26% 29% 108 99% 18% 15% 18% 17 15% 109 101 107 100 105 102 104 100% 106 100% 1013A 32 'A 110% 35 30% 115% 29 102% 32% 29% 115% 117% 104 2 8'A 30% 1073/4 119% 29% 32% 111 118 7/8 98'/a 1133/4 993/4 1033/4 1023/4 102 1037/a 100% 102 % Xl00% 103'A 101 13% 15% 44 V2 49 313/4 29% 30 100% 103% I6V4 15 Va 16 V, 153/8 19 V, 17% 19% 16 183/4 163/4 18% I&3/4 183/a 16% 19% 13% 49% 483A 58% 56 % 613A 56 593A 55% 62 523A 58% 51% 57%. 53 583/4 45% 59 39% 33% 47 343A 47 lA 36 39 35 V, 41% 34 38 33% 39 35 3A 40 37 43 Va 40% 48% 38 48% 43 77 73 7 8'A 75 75 72 72 68 68 68 68 68 68 66 6 81/2 73 78 71 76% 71 81 33'A 30 35% 34% 44'A 41% 46% 43 Va 48% 42% 50'/a 40'A 44% 36 423A 37% 45 35'/a 44 35% 40% 1063/4 xl04% 105% 109 ' 105 100 96 103% 104% 112 1023A 103% 107 110% 114 109% * 102'/a v 114 IIO3/4" 109 113 108% 107% 109% 106 1093/4 97 91 943A 94% 97 93 V, 96% 94 % 97 96»/a 99 93% x95% 94% 95%; 93 96 91% 95 20 21% 20 22% 21% 23% 22% 25% 22% 23% 21 23% 20'A 22 Va 21% 22% 21% 22% 55 61 59% 53% 58 50% 56 48% 51% 50'A 61 1073A 110 64 114 107% 111 20% 7 ($1.20)—* 57 64% 55 105 63% 110 104 24 5% 107'A 107 21 5% 6% 21 6 59 V, 111 24 22 20% 63A 6 24 6% 9 Va __ 21 24% 20% 21% 6 63/4 57A 6% 5% 6% 14'A .137/8 8% 13 % 13% 13% 13 133/4 13% 14 13% 16% 14 15 14 14% W 14'A 14% 14 16% 13% 15% 13% 15 12 153/8 12 13% 10% 12% 10 'A 11'/a 5 16% 19 19% 3 4% 5% 35% 38 18 J/4 16% 18% 15% 173/4 4 7/8 38 5% 5% 6% 36% 53/a 4% 40% 39 V, 43V4 163A 153/4 18 3A 44'/a 451/2 173/4 143A 16% 46 r-: 13'A 63A 41 14'A 6% 44% 5% 7 6 7% 6 41'A 41% 7'/a 44 14 8'A 12 V2 13 13% 6 10 / 64% 109 106 95% 96 92% 21% 213/4 20 60% 52% 58% 101% 105'A 100% x20 v.;' / 20 20 474 12% 6% : 13% 103 13% 6% 9'A 5% 13 Va 14 7'A 12% 11% 13 xll 20% 4% 6 Va 6% 7% 6% 7% 6% 7% X41% 7% 45 407A 20% 20 , X193/4 14% 10% 7% 6% 16% 35 3A 101% 99% 101 99 13 16% 49% . 53% 103 — 8 52'/a 106 16% 92 110 106 5c * 313/a 28 14% 7% preferred 98% 120% 29% 112 22% 111 13% 100 98 87% 45% 24 % America 99% 167/a 50 6 (The) 103 % 93% 12% 16% 99% 105 98% 91% 24'/a * preferred 13'A 105 15 100 102 98% 17 101 107 Va 108 16 7/a 108'A 15% 100 104 103% 97 100 17 '/a 19 111 105 96 14% 97% • (The) of 108 45 17 50% 57% 100 Inc—_ Co 113 21% 5 Co__ conv 23% 24 151/2 99% 10 convertible preferred Tack Corp Canteen 29 28% 313/a 43/3 4 26 4% 27 101% 97 11% 4% 27% 31 Va '/a 301/4 27% 27% 26% 9 5 4% 5% 5 10 16% 90'A 100 ______ prior 9 16% 102 Corp 52 18% 107% cum 523A 17 104% $2.25 50 18 convertible preferred series A_100 Preferred $3.75 series B _100 Aviation 52% 16 98% 10 4% Automatic 13 99 50% 11% 47 y8 30 Co 50 16 68 conv 50% 15% 38'/a Cum 49 15 32% Autocar 58% 54% 14 68 Co 54% 493A $ per Share 14% 13% 100 preferred & $ per 29% 95 High $ per Share 12V2 27% Low High $ per Share 90% 103 Co_100 Refining Co__; Austin Nichols 36% 11% Low High 14 25 Atlas 29% -99% 46'A 104 76 Powder 28% 13 Ve Low $ per Share 88% 25% 4% 60% 30% December November October September Low High $ per Share 14% Atlantic Gulf & West Ind S S Lines___l Atlas 57% >.R> ■' High Share 5% 6 32% 96% 13% 11% 91 Va 41% 104% 1 _ Corp 27% 11% 56 3/4 August Low High 94'A 47 Atlas % 5 28% 14 28% 56% 31 % $ per Share Low 14 V4 100 Co.__' Inc Atlantic 12 I'ih'H. July High was i Investment non-cum 23% . $ per 56 June . Low High Share 88 Atlantic Coast Line RR Co 5% 8 May •, Low ' Atchison Topeka & Santa Fe Ry 5% non-cumulative preferred A 20% 9% 6 preferred Associates 21% 24% 12 51% % 9 % 18 - 50% 51 . Thursday, January 20, 1949 13% first preferred 7% 32% 106 42'A 5 Associated Dry Goods Corp 6% 104 * . company Artloom as 131/4 * * $4 preferred convertible to 5 34 »/2 101 92 5 Arnold Constable Corp Artloom Carpet Co Inc Prior 10 $ per Share 46% 47 April High $ per Share Low CHRONICLE FINANCIAL Mill Co cum 28'A _100 Share , High & was $6 convertible prior preferred Armstrong Cork Co— $3.75 31% * convertible preferred to April 19 company Prior know 4% • Archer-Daniels-Midland Armco per Low High $ per Share 531/3 10 20 Clayton & Co March February Low High '■ \ \ Anderson A COMMERCIAL THE (352) 45% 41% 45% 41% 45% xl3% 14% B 15% 15% 13% 143/4 13% 15'/a 16% 15Va 16% 15'A 16% 15 14% 1574 13% 14% 14 15% 12i/4 14 3/4 12% 15 'A 14'/a 15% 14'A 17 15'A 17'A 14'/a 163/8 1474 16% 14 15% 15% 11% 14 % 11 Va .100 10% 13 Va 10'A 12 10 11% 11'A 14% 13% 16% 14 16% 14% 16% 13'A 15% 13 Va 16 Va 14% 10% 14'A 10 11% .100 17% 20 3/4 15% 18 16 19% 18% 24% 22% 27% 23% 263/4 2474 29% 233/a 27% 203/s 273/a 22 25 17% 233/4 20% 23 Va _50 14 15 131/2 15Va 15 21 Va 193/4 28 ?63A 31% 23% 31% 25% 30% 25% 273A 24 28% 243 26 % 19 25% 19% 233A .100 61 63% 60 63 60 75 79 70 76 67'A 70% 45 51% 42% 46 51 40% 50 42 50 10 221/4 24'A 20% 20% 23% x20 50 44 44% 40 36% 40% - 1 13 Baltimore & 4% non- Prior c to Mav Barber' Oil Barker 1 known was preferred Oil _ Beatrice Foods cum 19% 34% 38 100 86 17% 90 18% Shoe Corp 4% % cum pfd_100 Beech Creek RR Co 1 Corp... (gtd) 50 Beech-Nut Packing Co Belding-Heminway Co —_10 1 1 Bell Aircraft Corp. Bell & Howell —10 Co 100 preferred Bendix Aviation Corp— Bendix Home App Beneficial 5 33%c . Inc Indus Loan * Corp pfd $3.25 d.iv series of 1946—* pfd $4 div series of 1948 * Cum 1 Best & Co Inc___ Foods Best 31 111/4 23% 2.50 Inc Aircraft Cum 3734 9% 20% 25 preferred conv 32 1 — Beech 4% % Bethlehem Inc (The) Steel preferred— „. 32% 15 16'A 32% 14 '/a 15% 37 163/4 18Va 20 94Va 94 Va 24% 28 31 18% 213/4 243A 843A 23 Va 80 94Va 94% 673A 80 77 >;/' 80 X733/4 78 74% 80 75 79% 75 79% 45% 43% 49% 47 59 48 V, 55 44% 50% 45 58 42 46 3A 23 Va 20% 22% 20% 23% 22% 26 25% 28% 37 39 38% 40% 39% 41% 43 45 33% 38% 38% 42% 40 Va 44% 41 44 10% 21'/a 16% 123/4 15% 12% 143/„ 19 - 20% 18% 20% 18% 20% 35 33% 35% 34% 37 5 6 3/4 43% 37 93/8 30 18% 94 93/s Electric 27% 23 25% 23 25% 23 Va 25 45 433/a 44% 41% 42 39 Va 41 38% 43% 373A 39% 36 % 40% 37% 42% 10% 13% 10% 12% 11% 123/a lOVa 11% 10 123/8 19% 20% 193/a 20% 183A 20 Va 18% 19% 18% 18% 40% 35% 37% 55 % 36% 33% 36% 33% 36% 86 80 % 85 84'A Co Inc Bloomingdale Bros Inc (The) common A B Bond Stores Inc.. Co — cum Roller 88 87 80% 83% 83 85% 20% 22% 20 22 18% 21 193/a 20 18% 19% 18% 19% 18% 21% 19 217/a 95% 10% 31% 34 % 16 18'A 91 88 89% 87 89 86 92% 91 92% 87% 91 83 8 7'A 77 82 69 10 12% 12 15% 12% 13% 11% 13% 11% 13% 11 12% 10% 13% 11 12 lO'/a 13% x85% 88% 87% 87 30 „ 32% 34% 32% 33% 33 33% 32% 333A 32% 32% 31% 32% 32 32% 37 35 37 353/3 36% 34n4 36% 35 37% 34'A 3 6'A 33 Va 36% 33 35 3274 35 33% 35'A 16 20% 14% 16% 143A 17% 173/4 19% 17 Va 19% 18 16 Va 18 Va 16 17'% 14% 17 17% 19% 17% 19% 16% 17% 16% 18% 153A 17 15 15% 14 153/3 14 15% 10% 14% 11'/a 21% 18% 22 20% 22% x21 % 23% 20% 23% 19% 21% xl8 20% 17% 183A 17% 19 % 15% 193/4 14% 16% 94% 93% 94% 96 99%, 102% 103% 103 % 993A 103% 100 98 98% 97% 973/s 90% 94 33 32 35% 37% 33% 363/8 31 34% 33% 353A 14% 15% 100 33% 38%, 100 16Va 18% 16 18% 15% 18% 14% 23% 24% 23% 26 25 Va 26 24 83% 84% 87% 84% 8 53A 83 85 78 85 26% 23% 253/4 23% 24% 24% 30% 2 9'/a 30% 26 29 25 Va 27% 27 29 27 25 28 27Va 293/a 28% 28, 3 5'A 25% 31 32% 37% 33% 373/a 33 36% 32% 343/8 30% 34'A 293/8 Bigelow 33% ;-17. 26% 102 % 363A 30% 35% 13 15% 13 Va 15% 13% 10% 14% 23% 24% 21% 24 22% 23% 21 23 21% 233/4 78% •• 81 773/8 81 74 77 70 72 68 75 96 89% 93 86% 93 28'A 25'A 27% 24% 2674 26 30% 100 94 30% 30% 34% 128 61 125 134 56 . 55 33 35 34 134 132 136% 61 x33% 35% 32% 1333/4 137 31% 135% 33 37% 38; 138 353A 34 37% 133'A 31% 34 "36% 34 Va 139% 132 133% xl30% 34% 30 3/4 27 28% 32 133% 34% 131% 39% 137 137% 28 32% 9 31% 11 Va 26 3/4 29% 12% 11 VB 12% "9% 11% 10 % 11% 97/a lOVa lO'/a 11% 32 30% 36 34 35% 33 36% 32 % 35 32 353A 32 34 28% * 14 xl3 14% 13Va 15% 15% 16% 15% 1974 3 7% 19% 16 18% 16 17% 14% 17 15 17% 13% 23 27% 22% 27 26 % 31%' 30 343/8 30% 33% 27% 32 % 27% 29% 16% 16 17% 15% 17% 16 17% 16 17 15 16% 14% 16 14% 15% 13% 14% 13 14 44 44% 43 44 43% 44 43 43 41 41 40 41 24% 15% 29% 15% 35 17'A 37 15 16 33 35% 32% 34% 38 41 o& % 42 43% 43% 5 X15 : 10% 14% 9% 14% 12 Va 12 Va 13% 10 Va 10% 32% 26% 29'/a 16% 13% 14 13% 9 "9% 11 23% 26% 21% 247/a 25 29% 26% 29% 24% 27% 24 2374 23 26 Va 223A 243/a 23 Va 25% 24% 26% 19 % 26% 19% 23 Va 31 90 33 % 96 30% 33% 29 34 31% 343/4 3234 373A 31'A 35 27% 323/4 26 Va 29 25 29% 26 28% 24 28% 22% 25 84 91 77 Va 84 79 86 79% 85% 80% 84% 78 82% 75% 79 7334 77 65 733A 61 67 57% 62 47 51 42 46%. 41% 48 43 48% 42 49% 42 46 39% 43% 37 41 34% 39 3 2 34 36: 31% 34% 30% 23% 26% 41 % 20% 24 20'/a 23% 22% 26 Va 24% 2734 25% 27% 223/8 27% 21% 23% 20% 25 18% 20 Va 18 19% 16% 19 38 41% 38 40% 39% 423/4 40 43% 42%" 44% 41% 44 Va 40% 42% 39% 41% 40% 43% 37% 43% 38 40 3/4 42% 47% 45% 53 51% 55% 53% 63% 60% 65 58% 66% 58 61 Va 5434 62 % 56% 63% 51% 58% 88 91 88% 90 90 91% 93 96 93% 96 933/4 9334 92 89% 90 88% 89% 1 • 40 46 88 4'A 3% 4% 3% 4 33,4 5% 34% 36% 33% 35 35% 37% 63 50 10% 11% , 50Va 11'/a 8% 7Va 71 67 7% CO 9 Va 9% 9% 11% 93/a 28 Va 30% X273A 31% 283/4 25% 27% 25 Va 28% 283A 29 3 33% 28% 33 30% 8 93 % 94 95% 96% 98 16 Va 18% 153A 17% 153/4 5% 4% 383/4 4% 36 373/4 5% 42 4% 5% 37 41 50 50 /■; v 13A 38 92 43A 40 3% *■2% 33 3A 2% 35 36% 8% 10% lOVa 11% 31% 29 34% 33% 36% 30% 343/4 30% 32% 31% 34% 30 28% 34% 31% 34 29% 33% 30 31% 29% 32 34 31% 36% 31% 37% 30 32% 293A 31 26Va 31 26% 101% 18 8 93/4 50% 99 100 17% 21% 52 10% 11% 97 19% 100% 9% '9'/a 10% 21% 1% 50 9% 8% 50 lO'/a 7% 9 7% 50 48 50 87% 3 2% 38% 8% 33'A *■-" 50 6% 63% 88'A 3 20 21 % 17% 19% 122% 123% 9% 10% 703A 74 343/8 36% 83 87% 16% 18 91% 2 37% 8% 2% 32% 35 774 6% 26 31% 36 46% 9% 8 9'A 7% 313/4 343/8 29 33% 28% 30% 25 31% 25% 28% 30 2574 30% 8% 99 100 < x8'A 27% 313/a 97 98 96 97 ; 92% 95 92% 94 95 18% 20 Va 97 18% 20% 203's 23% 21% 23% 18 22 18 12 Va 97/a 10% 10'A 11% 10% 10 8% 19% 10% 8% 9'/a 30% 313A 27 30 27% 29 29 30 3~0_ 30% 27% 30 27% 31% 313A 33% 32 32 % 30% 33% 31 33% 90% 32 88 2 9 >4 lOVa 8% 52% 34 * 11 94 90% 92% 92 96 96 96 95% P53A 95 97 97 99 93%. 96 92% 94% 92% 96 17% 20 Va 18% 20% 18% 203/4 19 Va 20 21% 19 21 19% 203/4 18% 20% 19% 22% Xl8% 16% 18% 17% 122% 123% 8 9% 66% 72% x32% 36 87 88 16Vs 17% 122% 19% 8% 124 19% 123 22'/a 124 11% 20% x22% 243A 12~4_ 12T 21% 23% 18% 22 - 18% 20'/a 17 20 Va 122"% 123% 120 122% 16% 18% ft tV 123% 124 123 1243A 120 11* 121 15 23% 17Va 1/128 120 18% 15% ' • • 20% 16% % 122 121 122% 10 9% 10% 1174 11 9% 10% 7% 8% 65 69 663A 71 69% 743/8 69 72'A 70 75 6 8'A 72 67 69 67% 72 66 71% 651/8 66% 32% 3 4 3/4 34 36% 35 37% 37 40 36 38% 33% 37% 33 38 33% 37% 31 343A 30% 32% 86% 88 87 7 8'A 8 43A 81 83 81 79% 85% 84% 88 9% 11% 9% 10% 8 3A 10% 9 10% 8% . preferred preferred Co Terminal . Bldg 7% 873A 88 86 87% 15% 19% 11% 213% 18% 21% 18 203A 17 19 16'A 17% 16 18% 16% 17% 13% 15:,A 12% 14% 30% 35% 29% 313A 30% 34 33'/a 343A 33% 42% 38% 433A 37% 43 Va 36% 3874 37% 41 39% 42% 36 Va 40% 33% 38 —1 100 100 100 19Va 21% 20% 85 16% 19% 18% 20% 19% 24% 22 243A 21% 24% 203/4 22% 19% 22% 20 22'/a 17% 20% 16% 18% 81 85% 83 86 85% 90 91 97 90 x88 85% 80% 83% 83% 86 86% 98 93 100 90 83% 13% 78 78 77 79 — _w 80 80 12% 14% 123/4 16% 15% 17% 16% 9% 7% 8% 73/4 9% 8% 93A 9% * pfd— Brothers 84 88 83% 89% * 88 13% 14% 16% 84 Va 79% 81 Va 12% 1 Corp 2nd Terminal 9% 10'A 73A 100 15 preferred.——. 100 81 11% 81 Butte Copper & Zinc Co 5 Byers Co • 17% 100 98 % 25% cum 135% 133 Va 32% 12% 30 % Burroughs Adding Mach Co 7% 33% 39% 38 5 Mills 4% preferred part preferred Byron-Jackson 31 32% 63% 60% 37'/a 30 8% 75 11% 33% 29'A 37 96% 18% —___ Burlington M) 27% 12% — Co (A 93 . : 4%% 98'A 1174 31 7Va r75 9% 30% 27 313/8 93% 16% Bulova Watch Butler 96 Va 9% 12 100 Budd Company (The) * $5 preferred * Buffalo Forge Co 1 Buffalo Niagara El Corp 3.60% pfd—100 Bush 35% 28% 15 common.. preferred- 3%% 13% 14% 30% 5 Rights Bush 32% — 12 28 Bucyrus-Erle Co conv — 34 Va X36 31% 17 20% * 3%% 31% 33 24% 62% 16 31 34% 233/a 133% 137% / 31 26% 35 74 12 % 33 xl7% .26 ; " 14% 31 $3.60 cum preferred Brunswick-Balke-Collender Co Bullard 83 % 87 19% ——2.50 15 * * * 2.50 100 —* 1 Brown Shoe Co Inc 7% 333A 21 243/4 34% Bearing Co— Brewing Corp of America— Bridgeport Brass Co— Briggs Manufacturing Briggs & Stratton Corp Bristol-Myers Co 33A% preferred Brooklyn Union Gas & 30% 18 28% 5 (assented) Braniff Airways Inc,— Brown 36 86 16% 54% 90% 4% 36 preferred—.. Boston & Maine RR Bower 17% 31 13 3A 29% 15 5 ..100 .100 (The) Borg-Warner Corp__. 3%% 11 % 157 a 5 —* — Bohn Aluminum & Brass Corp Borden IOV4 19'/a ._* Boeing Airplane Co. Common 12% 69 > 13% Bon Ami Co 9 Xl7 17% 87 1 . Bliss & Laughlin 45% 92 99 Va 103% 53% 39'A 38% 16% 85% 100 24% 273/4 83 % 22% X37% 41 X35% 90 2.50 * Co W) 24 43% % * * Co Black & Decker Mfg Co (E 12% 18% 87 31 Birmingham Bliss ' 68% X42 % 23Va 32% * Co Inc 31 85 16% 95 * ——100 Bigelow Sanford Carpet 9% 95% 100 8% ll3/o 31 33 * (Del)__^_ common..... 7% 1 — Corp New Blaw-Knox - 35% 5 Corp Co Mills Beck (A S) 15 42 • Co Bath Iron Works Bayuk Cigars Inc 33/8% 14% Corp— cum Beaunit 13% Corp Bros Barnsdall 141/2 as Common 4Va% V, 13% * Co For footnotes see page 15. 3 88 86 12% 89 3% 203/4 102 28 82 85 10% 11% 83% 85% 3 3Va 16% 19% 100 104 23% 26% , 79 9% 78 2% 16 100 24% s 86 90% 83 94 90 92'A 88% 90% 90% 86 88% 843/, 863/4 ' 97% 873A 91 84% 92 89% 90 78 86% 72% 77' 77 83 173/4 15 Va 17% 15% 17% 15% 17% 15% 17 ■133/a 16% 13% 10% 8% 10% 8 Va 7% 8% 8% 9 7»/a 8% — 9 84% 82 95 88 96 92% 97 91 973A 96 98% 97% 11% 10% 13% 12% 14% 14'A 15% 113A 1474 11'A 123/4 11 82 81 84% 87% 88 81'A 81 76 3% 3% 19% 18% 102 26% 100 26% 85 4 21% 102 31% 85 3 Va 3'A 4% 20 Va 253A 23 26% 1023/4 101 102% 102 35% 30 101 2974 343/8 31% 83 4 8 53/4 3% 33A 23'A 27% 105 343A 78 3'A 3% 3 22 24% 19% 103 104 V2 102% 29% 32% 27 108 12% 80 * 3% 25'A 102 104 106% 96 10 3A 11% 9 11% 76 81% 78 83% 3 21% 3% 25% 104 101% 103 32 28% 32 3 19% 98% 25 73 4 97% 8'A 73 15% 8% 114 9Va 81 3% 3 X3% 24'A 20 23% 102 293/4 99% 24% 101 26% 1 "Volume Number 4770 169 THE January STOCKS '• jj . 1 "i..: . February Low High 5 Per Share, •:<. Low COMMERCIAL Low High' $ per Share May High Low Low $ per Share $ CHRONICLE FINANCIAL April March High $ per Share & June High Share per July High Low Low $ per Share August High; $ per Share Low September Low High} . High October November < Low High % per Share $ per Share $ per Share Low. High $ per Share December Low High $ per Share C «* Callahan Zinc-Lead Calumet Hecla <te Inc 1 2 Consol Copper 5 Campbell Wyant & Cannon Fdry Co__* Canada Dry Ginger Ale Inc 1.66% $4.25 conv Canada Cannon Pacific Mills 13% 145/t 1151/2 393/4 1334 187/ 30% "30% 333/4 33% 39 36% 40% 36 40% 35% 373/4 36 3 8 3/4 37y4 40 34% 38% 34 35% 53% 52 % 53% 52 3a 54 53 5 3'A 53 54 53 53% 53 54% 53 533A 52 54% 52 54 1% 2% 1% 2% 2 3 2'A 2% 2'/a 2% 2 2% 2 2% 2 2% 1% 2'/a 1V2 7'/a 6% 73A 6% 8% 6% 8% 63A 7%. 6'A 7 6% 7 5% 6% 5% 6% '5% 6'/a 5 30% 28% 31% 243/4 28% 24 3A 263/4 223/4 28 243A 13% 25 15 112 13% 115 111 40 38% 16 3/a 29% 14% 133/8 42% 43% 29% 12% 15 11 111% 119 106 lll'A 41% 44 41 42% 44 17% xl9% 17 10% 11% 1083A 13>/8. 110% 173/4 11%, 10 108% 42 41 10'/a 11% 102% 110 108% 42% 41 9 21 Va 1% 53/4 233/4 11'A 101% 41 40% 27 39% 9 Va 10 104% Xl02y8 106 37% 40 41 18% 14% 10% 191/ 10% 12 10 12% 11% 15% 14% 19 y8. 16 3/4 19 15 18 44£ 14 3/a 16'/a 13% 16% 14 15% 12% 14% 13 133/4 38% 43 38 43 41 44% 4iy4 47% 44 46% 42 46 4iy4 42»/a 39% 42% 41 443A 40 Va 43% 40 47% i2u/a i2% 11 12 3/a 12% 12 3A 1274 14 131/a 18 153/4 17 % 153/4 17% I5ya 163A 14 153/4 15 17 13% ,_10 16% 541/4 541/, 50 55 50 50 48% 50% 493A 52% 50 3A 53 52 55 53 y8 56 52% 56 52% 53% 52% 53% 5s/a 6% 8'/a 6% 7 Va 7 43/4 4% ey* 25 * 1 Capital Airlines Inc 2 6% 7% 7% 8 3/a •7 109V2 100% 104% 1023/4 105% 105 3 rrior to May 5 company was known 8 17'A 28% 26% 15% 413a 18 16% 26 30% 1181% 112 113% 41 29 40i/ Co 16% 133/8 14% 111 114 40 Va 28%' 1 Ry Co Capital Admin Co Ltd class A $3 preferred series A 18% 5% 17% 173/4 18% 17'A 6ya 3% is y8 5% 19% 16% 173A 16 3/4 16 3/4 Xl3% 53 14% 53 5 63/a 5y8 6% 105 110% 104% 105% Pennsylvania-Central Airlines as Carolina Clinchfield Carolina Power Carpenter Carrier series 4% Case Ohio Ry 100 Light Co 105 preferred Genera. 1 Co—; 1043/4 1071/4 28 313/a 29 31% 29 30% 29 y8 31% 293a 32 28 »/4 31% 28% 30% 30 3/4 31% 291/4 31% 26% 30 38% 32% 06 06 4174 38 40 v4 ot> 40 37'% 40 34h4 37 333/4 35% 35 371/4 32 37% 30 32% 171/3 14 %| 17 14 16% 15% 1674 15% 193/4 163A 183% 15 7% 18% 14 y4 16% 147/a 173/a 15% 16% 121/4 15% 12% 13% 43y4 39 40 3/4 ia'A 403/4 36 38'/4 363/4 40 381/4 40 37 39'a 36 37 y8' 361/4 37 37 39 30 35% 31 32% 73/a 6% 7% 7 73a 7% 9 gs/g 7 6 3/a __25 41 46% 100 preferred 133 138% 36% 423% 136 59 53 25% 22 » 571/4 61 53 Celanese Corp • 24% 28'A' 22 1st preferred 7% 2d Celotex 5% $4.75 series preferred » Aguirre Central Foundry Central Hudson Central Illinois Cum N 100 123 131 Y Elec Certain-teed 105 103»% 105 100'A 103 Va 132 140 127 133 126% 134 25% 2 8 3/4 27 y4 993/4 132% 101'a 99% 137 135 101% 139 99 Cab 28 24% 26% 18% 17% 183/4 16 17 34% 28% 343/a '273/4 30% 26 3/4 28% 23% 19% 19 193/4 18% 191/4 18 3/a 19 18 »/4 19 1/4 is y4 171/4 16% 17 3/a 16% 17 3/8 163a 17% 16% 17% 16% 17% 8% 63/4 6% 8 Va 93/a 8i% 93/a 8% 103/* 91/4 10a/4 7% 111% 9% 11% x8 3/4 71/a 8 5% 10% 7% 9% 5% 271/4 28 3/4 22 3/a 27% 22% x7% 73/4 73/4 6% 102% 101 i/a 8 II "7% __100 * 100 Copper Corp Corp 7% 8% 33»a 7% 103/4 323/4 II ~a% "7% 104% 102 x«y4 1033/4 O 105 o"/8 8% 7% 1063/4 1051/4 107 8 105% 8% 35 7'/a x30 7'a 29 313a 26i/4 30 73A 7% 73/8 7% 107 77/a 102 79 * 80 80% 83 81% 83 80 81 79 80 77% 79 74 10% 19% 20y» 32 3/4 26 3 9'a 233/4 29 24% 30% 26 Va 323/4 3lva 123/4 11 i3y4 11% 15 10% 13- 11 12% 11 y4 12% 12% 13 3/a 113/a 9'A 10% 102 1043/4 104'% 79 80 7»/a 9% .. 11% 9 12% ■'£ i S% 8 Va 8 3/4 8% 10% 22% 25% 22% 2734 233A 28% V* 10% 24% 83a 28% 9 253A 9% 11 13 Va 16 13 3/4 15% 15 33 24% 293% 25% 27% 27% 29% 29% 3 2 s/a 28'/a 30 17% 19% 18y2 -20'/4 19% 24 22% 26 24 26 '/a 93 95%. 98% 96' Paui Lou & 7 103 101 100% 17% 263a 27% 26 25% 22 86 993/4 957/a 12% 93/4 93% 98 12% 9% 13 11% 133/a 12 14 x27% 25% 27 27 28% 23 30 20 29% 27 29'a 27% 29% 23% 42% 45% 40 3% 43 39% 42% 38 42% 37% 413/s 37V2 393/4 37 39 37'y8 39 y4 37 100 843/4 90 88 90 85 3A 89 82% 89 83 85 843A 87% 86% 79 3A 833/4 80 * 4■'% 55/3 4 5% 41/4 5% 43A C3A 6% 5% 8% 6% 6% 7% 6 'A 8 9% 7% 9% 8'A 9 3/4 9ya 133/a 12 13% 11% 14% 13'a 17 ye 123/4 143/4 12% 9% 12 % 12% 11'A 123/4 i3ya 14% 11 'a 13% 113/a 12% 10 3/a 1 10% Co——50 6 12 A 25 12% 7% 16 7% 9% 93/4 6 3/4 6 7y8 15 133/4 16% 9 7% €■ '/a 10 % 93A 11% 14% 9V'a 8 3/a 10% 17V4 6% 14 16 3/a 17% nya 13% 71/4 *c0% 143/8 9 4% 55/3 43A * 8% 93/4 35% 5% 7% 31% 31% * 16 9 4% i.V .7% 35% X31'/a 5% 5% 7% 7 24% 18% 20% 12% 15% 12% 14% 29% 24% 26% 26% 22 24 98 93 98% 90 94 : 10 12% 7% 9% 28% 29 27% 30 26% 28% 393/4 37 40% 31% 39 31% 33% 85 79 80 % 76% 80% 76% 80% 9 11% 6 Va 73/a 5% 123a 14% 10% 77/a 12 Va 103/4 9:% 12% 9 9 107/a 10% 12 22% 17 20 y8 18 20% 183/4 22% 12 15% 12% 14 y8 11% 153/a 12% 14 11 8'A 6% 9Ja 7'a 93/a 9% 10% 9 12% 10'a 13 y4 9% 11% 8% 11% 343A 32 38% 25 y8 41'a 34% 37% 32% 38% 19 V* 7% 6 3/4 7 12% 11% 4% 53/4 10% 11% 17% 9% 12% 10% 9% 21% 43/4 10 % 7ya 33% 363/4 30% 6% 10 36 Va 20 10% 9 4% 5% 9 7% 34% 31% 19% 15 173/a 143/4 17 15 5/a 18% 16% 203/4 18»A 233/a 19 % 22% 17% 22% 18 3/4 20% 15 19% 13% 35% 40 35 38% 35% 38y2 37 403/4 38% 45'A 42 46% 42% 49% 43% 47 44 48 43% 46% 38% 44 33% * S0% 33% 28% 32% 23% 33 »A 32% 34% 33% 40 36 39% 33% 37% 33% 35 27% 35 29% 34 263% 34 y8 26 —* 53 % 543/4 1 50% 53 493A 51 52 55 54 y8 56% 52 V2 57 50 *4 55 53 53% 54 55 53% 54 3/4 51 53 50% 25% 32% 27 y2 31 30% 35 34 Va 39 34% 39% 35 393/4 35 y8 40% 36 42% 37% 42% 33% 40% 32 46% 51% 50 58% 57% 62% 60 % 69% 67 71 65 3/a 693/s 64 3/4 69 66 69% 67% 72% 65 70% X64% xl2V2 31% 100 65 % 45% 50V4 • V 22% y v- 18% 40% 30;,/8 « 52% 36 68% ——100 ex-div 11 9% 1.0% 17% 7 3a, 9 7 13% 100 A 8 21% 22% 97 30 v2 . 7% 11% 10% 30 11% 9% 8 29 34% S8% 9 36V2 - 347/8 10% 25 18% 12 9 81% 31% 113/a 16% 15'/a 12»/B 8 3/a 11% 78% 39% 10% 25% 21% 16% 12 y» ;; 98 %• 100 15% 13%, ' 100 vtc com common Co 6 12 3/a 53A 100 •97% 773a 30 26% 15 RR % 95 74 , 13% 30 % 98 10% 96% 10% 7% 105 ',,.22% 24% 90 63/a xl4% 28 23'a 26l/4 ~—L—-I 28% Inc 11 10 > 12% 11% 113/4 11 1134 11% 12 ii3/4 16% ¥ Co Co 17% 14 % 16-A 16% 17% 16% 18 16% 33A 4'/a 33A 4 3A 33/4 4 43/4 43/a 193/4. 33/4 4% 67 Va 11% 12 3/a 10 11% 10 10% 10 3/4 11% 11% 15 y4 12% 14% 12% 13% 17 Va 19% 16% 17 16% 17 16% 17% 16% 17 16 17% 153/4 16% 33/a 4% 2% 3% 27a 3% 56 •3 4 63 Vt 51% 59% 46% 53% 483a 54 453/4 53% 44% 533A 46% 52 3d 35 31 34 31% 34 34% 40 40 41% 37 % 42 38 y2 41 38 40 38 40 38 38 35 38 34% 37 2.50 V 57% 63% 52% 59 53% 60% 53'% 62 % 57% 04% C2 % Cd% 61 50% 55 8.50 23% 25% to CO £ 24% 23% 25% 25 27'A 25 Va 26% 26>/2 29 % 95 97 99 Vs preferred 100 60 25 Corp—_— (The) Rights 3J2 pfd Milling Machine 100 cum % 96 96 r 63 v 3y8 3% 3 y2 2% 4% 58% 3% 51 Va Chile Copper Co_„ Elec Co 15 y2 24% 13% 3 4-''a 10% 25 27% 18% 30 14% Chicago Rock Island & Pacilic— Oil 17'/a 15% 27% , 28;% 5% Cab ; v 93/4 22% 22aa 193/4 17 12% Chicago Pneumatic Tool $3 convertible preferred A 20 76% 9 25 22% 25% 25 class rac A 153/4 23% 27'A vtc_ North Western series ioo3/4 17% 26% 5 preferred preferred X24% 28% 11 —1.25 Illinois <fc Cotton 9% 11 104% 171/4 » Yellow 38% 8 11 108 22 B series • "7% 106 143/3 —50 series 12 ! 9 107 19% preferred Preferred 30% 25% 104% 26% 40 Preferred 7'% 7% 1 ♦ Ind'polis 93a 12 3/a • convertible Common 8 253/4 (The)-—* A St 23 i " Mig Corp 32% 101 13/% 18% Co Products 55% 130% 16i% 100 Chicago Corp (The) Chicago Great Western Ry Cine 103 140 31% Jersey Chicago & Eastern 4% 104% 133 19% Co <fc 103 140 181% preferred Gas 104 133% 18i% Chesapeake Corp of Virginia Chesapeake & Ohio Ry Co Cinn 101 136 % 29% 17 pfd Champion Paper & Fibre Co Chrysler 100 y3 34 19 y2' 26% 5%% 9 8 3/0 28% 173/4 25% Chiekasha 353% 37% 138 513a 18% • New Pasco Chicago 36'% 57% 17 10% .Childs 573a 19% 8% & 503/4 31% 18% * of Preferred 126 x50 57y2 « 18-% Century Ribbon Mills Inc Chic 313/a 17'/a Cerro A 51 36% 7% 35%' 133 18% 12% Milw 59 30% 43% 143 20 11 Series x531% . 37 135 25% 80 Chic 37 3/8 43 146% 19 7% Class 63 30 3a 145 6% 17% 11% Chicago 57% 39% 38 y4 " 146 144 8% 22% 79% 5% " 673/4 33% 42 37% 146 7% 18% 100 3%% 591/4 34 27% 145 8 20ytt 9.50 RR Class 68ya 61% 45 'a 40 50 147i% 124'a 98% 123% 145 7% Corp— Vio'.eta Sugar $4.50 27% 28 % 437% 52% 147 8'A 7% 27'A series Central Checker 64 26% 47 y4 143 143 8 18% Corp Light 4%% Power Belt 97 60 52'a 140 7% 8% 110 193/4 t c... v & Central Chain 60 ■■ 4 3 3/4 4 5 3a 139 % 71/4 106 23% 1 Gas pfd 3.40% de 3 9 74 133 va 8% 8 1091/4 * Co preferred series B Central 97 137 130 403/4 134 110 —_20 Associates— Central of Georgia Ry Co v t c 5% 102 " 130 v v2 107 * preferred——_— Central >,7% 100 __ Corp 353/4 130 Caterpillar Tractor Co of America 110 29% 33 39 ___50 Corp 107% 28 41% 15% 10 107% 108 110'A 31 Va 38 5 1083A 27% 100 Co cum & (J I) '7% & Steel & Corporation Carriers y 27% 52% 2 6% 30% 38y, _* 53% 71/ 7 26»/« 108% Breweries Ltd Canadian 31 52% 13A « Ry Co 28 2'A 100 pid Southern Canadian n* 59% c5 53 62% 55 61% 56 62% 50% 28 Va 29% 26% 28% 26% 23'A 27% 29% 26 29 26% 29% 97% : 97% 96 94 97 % 95% 90 94 94 98 % as 95 96 X94% ' 101 101% 99 101 100% 94 10 21% 22% 21 22% 20% 25 24% 26 243A 27 23% 22 23 Va 22% 23% 19JA 23% 19% 21% Financial Corp • 36% 26ya 22 CIT 40 36% 40% 37% 40% 36% 41% 29% 46% 457/a 48% 43J/2 48% 40 43% 41 43% 41% 45% 39 43% 393/, 44% City Ice & Fuel Co * 30 32 293/8 31 28% 31 393/4 30% 29 v.2 30 'A 33 30 V 31% 293A 31 28% 30% 28 30 263/4 29% 243/8 27% City Investing Co 5% ft preferred City Stores Clark C & 100 Co Co Louis St Co Elec 100 Co Ilium 33% 29 85 83 373/3 105% 109 28% 31 Pitts RR Co 7% Special guar 4% Climax gtd Clinton Inc Class Co 2nd preferred 1st non-cum 2nd 73A 31% 30% 33% 34 36 % 34% 38 II 85 85 85 85 86'A 88 8 3414 140 9 7% >8 83 83 82% 84 80 83 78% 80 75 % 80 18% 173/4 20% 173/4 20% 18% 20 1634 203/8 17 % 19 38 33 y2 38% 33% 36% 33% 363A 29% 37% 28 31 85 85% 85 873/4 85 85 36% 8% 363,^ 87% 91% 183 62% 38 3/a 36 36 38% 383A 38% 413/8 38% 41 111% 107% 110 1075/g 109% 106% 32% 26% 29 26% 28% 2 6 3/e 28% 106% 108% 107% 107% 107% 108 V* 107 107% 107% 108% 73'% 72% 7 5 V* 75 78% 76% 78% 72% 74 73 108 34% 26% 32% 44 "4 453A 46 44% 45 45 14% 18% 16 18% 15% 17% 28 30% 26 28% 23% 273A 8% 7% 97/a 28 47% 15 % 33% 73A 109 y4 31 % 109 >/2 8% 40% 109% 26% 29 85 8 111% 107 74 107% V 7% 8% 176 84 30% 44 142% 169 107 ■ 8% 8'/a 83 17% ' • 38% 373/4 41 38% 40% 107 109 42% 108 26% 106% 108 106% 106% 105 78 70% 74% 70 71% 71 72 108 • 36% 42 38% 109% 107 28% 75% 107 22% 107% 27% 223/8 31% 137 82 153 34% 140 87 170% 7% 8% 7% 30% 33 32 138 % 140 139 81% 157 84% 165 35% 34 141 89 3/4 85 159 36% 139 105 72 70 72 41 47 47 44 46% 40 43 40% 42% 40% 43 39 15 17 145/g 153/a 14% 16% 153/a 16% 13% 16% 12% 23% 26% 26 283/4 26 28 2 7 Vs 28 27% 28% 23% 27% 24 8% 9% 7% 73A 87% 170 92% 165% 35 y4 141 140 173 363/4 145 x89 34% 139% 91% 168 8% 172 89 159 9 36% 147 92% 169 633/e 62 63 % 61% 62% 61% 453/4 373a 43% 38% 44% 42% 88% 94 88% 90 89 92% 93 96 92 94 93 95 22% 25 20 23% 193/4 22% 20 3/a 23% 20% 25% 22 24% 21% 17% 193/4 16 18% 16% 20% 18% 225/s 213/4 263/4 23% 26 22y2 .'25% —* 13% 153/4 12% 14% 123/4 15'A 14»A 16 14% 19% 17% 19% 17 3/a 20 3/a 62% 62 63% 25 106 107 105 • 93/4 43 109% "69% 173/4 xl6 413/, x61 % 73A 33% 30% 90 3/a 85 140'A 78% 160 152% 30% 343/4 139% 35% 141 140 8% 7% 8% 145 139 41% 37 343/4 95 87% 90 x87'A 21 22% 20>/4 24% 22 173/4 19% 17% 79% Xl37% 623/4 85% 150 27% 138 6% 32% 140 753/4 80 134% 143 61% 63% 60% 61% 38% 31% 37% 31 345/a 91 88 92 8 8 5/8 91% 18 21% 15 18% 15 18 21% 24% 18% 22-% 17% 19% 18JA 20% 61% 86% 141 4% 89 24% 1332 343/8 15?% 613/a 2334 23% 62% 1332 34% 31 140% 78% 62% 62% 32 3/4 61 43 73/4 146% 86% xl55 61 63 3A 34% 139% 13% 27% ' 6 22% 16% 21% 16 3/4 18% 21% 18 19 ' • __ __20 x45 41% 44% 40 88 .24% . — — '• M-W ■ ~ — 37% 35% 91 17% 18 16 17% 16 175/a 17% 18% 17% 20% 183A 20% 18 "A 207/a 18% 20 18 20% 19'A 22% 17% 100 12 153% 11 14% 11% 13% 12% 14 % 133/4 17 Va 143/4 18 3/4 15% 18% 14% 163/4 13% 163/4 13 143/s 9% 100 13% 17% 12% 15% 13% 14% 13 15% 14% 17 s/8 153/4 18 15% 16% 13% 16 13% 14% i23/4 16% 12 13 12 14 11% 16 V2 15 16 3/a 15% 17%, 15 18 3/4 17% 14% __100 133/4 143/4 13 15 12% 14 5/a 9% 23% 25% 2234 24% 23% 26% 26% 29% 28 32 Va 28% 30 28 22% 26 22% 25% 22% 24S/8 20% 2334 20% 24% 2.50 22 74 2 4% 22% 24 23% 25% 25% 28% 27 313/B 28 29 3/4 24% 273A 22% 25% 21% 24% 223A 23% 20 23% 20% 23% Inc_——10% 11% 10% 1074 10% 12 113A 12% 113/4 14 13% 14% 12 14% 11% 13 113/a 13% 11% 12 % 10% 12% 10 3/a 11% — —/> Co preferred preferred A_ ___ Gas System * Rights Prior to known Corp , 13 14 11 12 9% 11 *9% 11 123/4 11% Consolidated % ' ' 15/64 V— 123A 10 11% 10 13 13 10% 13% i2y« 9% 64 65 623/4 67 64% 68 74 78% X707/, 74 69 3A 69 3A 60 66 56 563A 50 52% 49 54 35% 28% 32 29% 33% 33 37% 33% 36% 34 36% 33% 36% 323A 34% 31% 33% 31% 34 29 33 % 28% 30% Ohio Elec Co—10 367A 38% 35% 37 37% 39% 39 41% 4iy4 4 3 3/a 41 43% 40 3/4 42 41'% 41% 39 42% 40% 42 35% 41% 35% 38% 10 363/8 40% 37 40% 39% 42 40% 43% 43% 49% 49 53% 45 % 50 3/a 45 48% 46 50 44 3/4 49% 46% 49% 93 91 X95% 95 99 93 96>/2 XI1% 93A 51% 47% 10% 9% 10 7% 7 10% i S/8 93/4 7% 8% 7% 10% 90 95 90% 95 92% 96 !A 90% 93 99% 98% 102% * 21% 24'A 20 23% 21% 2434 23% 25% 23% 29% 25% 28% » 2% 234 2% 2% 23A 2% 3 23/4 33/8 3 1 .* 96% i003/4 97 100% 97% 103 ioo3/4 106 99'A 104% X100 Co 25 26% x28% 253A 28 26% 29 3/a 27 8 y2 9% 8% 93A 11% 10 Vs Xll'/a 9% 9% 10 y8 9% 8% 9% 8% .__* 293A 31% 283/4 30% 30% 34 32ya 34% 31% 343/4 33 V4 35% 33 % 36% 32% 35% 34 35% 34 35% 293/4 30 30% 30 31 29 31 29 313/4 29 32 32 273/4 31 28 28% 273/4 29% 27 28 '/a 26 35% 27% x24'A 26% 5% 6 5 5% 4 5ya 4% 4 4% 4 x4% Publications Corp_ (The)- 9 i Inc— Cigar —100 / Corp Edison Corp * Coppermines Corp— Consolidated Edison N Co of Y 11 2% 28 25% 5 4 74 5% 4% 5 Va 4 Inc__* 21% 23% 21% 22% 21 1047/8 103% % 9% 6 22% 9% 5% 27% 10 6 < 26% 5% 21% 233A 23 ' 105% 105 - 19/64 — preferred * called footnotes I' -- 66% Consolidated Preferred " •• 3174 $6 preferred series Nast _i_ 11% Southern & Congoleum-Nairn .. 64n/4 preferred Commonwealth ; * ; Co Solvents Commonwealth V.— •': 0 * Credit cum Commercial /rAV". .25 —* pfd-; & Southern Commercial . __ 1 company was Columbia Gas & Elec Pictures $4.25 cum ■ May as Columbian Carbon Co For 9% 20% —■_* Ry Class B Rights 21 Broadcasting System— Columbia Conde 17 % 2.50 non-cum 3.60% 8% 17% 80 19 * ;■ Southern & 4% Columbus 9% ; 84 % * Corp 4In Columbia 36 30 10% ;___* : pfd conv 8 23%' —5 Aikman cum Class 35% 8% * Corp Mills Inc Columbia 31 * Colorado Fuel & Iron Corp 5ft ■/ir:. 9% ,o 109% 143a 100 (The) International & Colorado 15% * A Coca-Cola Colonial 43 14% 100 Colgate-Palmolive-Peet Co $3.50 preferred Collins 42% 1 cumulative 4% 73% „__^_1 ; Cluett, Peabody & Co Inc 7% preferred— Coca-Cola 107% * Corp— 273/4 85 27% 72 betterment stk—50 Industries Clopay 31 34% 108 107 50 Molybdenum Co— * 8% xl7% 18 27 70 176 * & 9% 80 153/4 25 — Graph Bronze Corp (The)__l preferred 100 5% $5 18% 7% 80 16- 80 Cleveland Cleveland 9ya 80 19% common—35 series preferred $4.50 73/4 80 30 100 preferred 10 15% _20 - Ry non-cumulative Cleveland 78 5 Equipment C C 5ft 874 5 V- I see page 15. xl04 105 103% 104% 104 3% 28% 6% 53/8 24% 23 y8 14 105% 22% 3 100 Va 104 X30V2 98 5% 25 25% 23 104 26% 3% 10134 2 7 3/4 11 93% 22 100 23% 20 Ve 2% 3% 95% 100 Va 97% 26% 25 y4 25% 3 9% 93 98% 23% 20% 22% 3% 33/a 33/4 99y2 98% 10? % 26% x253/4 27% X10 9% 25'/8 23 y8 24% 23 243/s 4% 23 y4 106y8 107 Va 106 106% xl05% xl6 18 21% 16% ?% 3% 2% 92% V 100 % 90 95% 27% 25 26 25 .- 243/a 21% 24% 106% 1053/a 106% 27% 21% 3 Va x9 30% 22 3/a ii TS 105 106'A 105% 107'/a 106 106 106 106 106% 108% . 6 1948 January STOCKS Low V.'.' f Consolidated Grocers Launaries Coiiboiidated NaturaJ Consolidated RR Consolidated Retail of Consolidated 10 ft 11 —15 43 ft 51 6% Cuba Vultee pfd—100 Aircraft 1 13% 13ft 43% 49 ft 10 ft 50% Co___ Power 10' 15 10'ft lift 42 47 ft 28 ft 19 ft 22% 213ft 24% 22ft 27ft 13 ft lift 12 11% 13 ft 13 ft 15V4 13 12ft 13ft 12% 14% 13% 14% 13% 16% 13% 16 ft 10 ft 14'ft 35 33 34% 33% 35 ft 34 35ft 33 32 ft lft 83/4 8% 9'/a 37-'/4 44 37% 42'ft 29 ft 25% 28 3ft 26'ft 19 22'/a 13% 12 ft 13 10% 29'ft 12'ft 10 •% 13 3/a 133/4 9% 10%: 9ft 14 11 8% 9ft 10 3ft 9% 7% 10% 9% r prelerred preferred-. Continental 33% $5,50 preferred Continental Can Co Motors * _• 39 93 94 ft 94 ft 11% 2C ' 105 101 100 ft 103ft 103% 35ft 32% 33% 1/64 29% 31% 1013/a 100 3ft 103% 102 105'ft 102% 1053ft 100ft 100'ft 31 35 1/128 98ft ICO ft 99 103ft 34 ft lOd 101 105 101 37% lift 13 ft 90 96"- 90 */a 1-3 lift I 9 12'-; 10ft 39 ft 37 41 363ft 33 ft 97 ft 95 97 94'ft 96 14ft 16ft- 15 17% 14% 15% 91 89 8 4ft 8S 74 843ft 86 ft 87 88 ft 88 ft 91'/a 90 34 ft 36 353ft 40 37ft 39 34 ft 92 86 37% 34 ft 95 . < 32ft 36% Co of bi 33ft 33% 3?% yb% 98 93 ft 95 93 95 ft 95ft 97 ft 96 9 7'/a 96% 98 97 99 5 Co 35 ft 10ft 11 "ft 10 11 10 11 10% 11% 11 13'/a lift 12ft .1.0% 12 10ft lift 633ft 59% 53 ft 55'ft 55ft 10 * 52 1 Delaware— 5 Continental Steel Corp_„ 47 54 ft 6 oft 7ft 53ft 7ft 6 61% 563ft 9ft 7ft 8ft 67ft 56 ft 61% 8 56ft 6 9 3ft 63 6 4'/a 593ft 10 ft 8% 9% 7% 8% 563ft 63 533ft 55 52 ft 7% 43 ft 106 3ft 33'/a 36 ft 90 91'ft 91% 92 92% 13% 16 13'ft 153ft 13'ft 87% 90 86 89% 85 % 34 36 3/a 29% 36 '/4 29% 92 93 94 95% 95 'ft 95 9% 10% 58ft 11 59ft 64'A 16%. 14 15% 15ft 19% 15% 18 3ft 17 ft 183ft 16 171/2 16 17 16'/a 18 16'ft 19 ft 25% 24 ft 28ft' Sit/--'- 30% 29 ft 33 253ft 31ft 28 ft 30% 26 ft 30 26% 64 Va 7'ft 53% 57%' 15 15 16 54 23 ft 97 x9% 8% 8% 64 '14 ft. 17 14% 92 33% 61% 17'ft 8Va 56'ft 18 57 ft 95% . 59 62 7% 93/2 8% 49 ft 46 ft 10% 8% 55 61% 7 Va 55 50 ft 54% 15% 14 49 55 7ft 92'ft 97 xl03ft 40% 35ft 9% 53 ft , 1053/a 33'ft 92ft 14 30 ft 102% 40'/a 16'ft 92 15'ft 11% 96 103'ft 37ft 34% 99ft 97, i/-, 80ft. 00 88 85 . 38ft U-ift' 12% 40 36 94% 100 35% 10 99% ♦ Fibre Corp Co 35 ft r~% Continental Insurance Oil 104 42 ft 95ft 100 Inc $3.75 preferred Continental Diamond Continental 102ft 38 ft 9-4 8% 323ft 34" 33'/a 35.1/4 * 20 Baking Co— Continental 100% * —— Corp of America cumulative preferred 12'ft 3/a 8 ' Aft*'. > 35% 34 10 9ft 103ft 12 ft 11% 15% 19'ft 12'ft 12 Va 22 ft. 153ft .;viftr'':.-2'v/ 2 ' 35 ft 10 46 14% 9%- 14 16 9 ft 42% 26% 11'ft* 11% 14 10 ft 453ft 12 3ft 10ft- ( 12 High 16 12 ft , 12% Low $ per Share 9ft 22'ft 26 December High 14 xl5'ft 14 12% Low $ per Share 43ft 23 ft 22'ft 11 High $ per Share Share 17 41ft 16% 14% 21 14 15ft $ per 10'ft 433/4. 93/4 49ft 45ft- 25ft 13ft .*—»• . 10 3 '8 49% 9 45% 14% xl8% 12ft 16 ft 17 Va 15% 17ft 9 x47ft 9% 9% 47% Low Low High $ per Share November October September High August Low High $ per Share $ per Share $ per Share Share Low High .*—.„ Container 4% 10% 43% $ per 7 Rights $4.oo 11% 15% X10 __ Rights Consumers $4.52 $ per Share Low Low 1948 - July June May High April High Low High 13 710c Corp Low RECORD 22ft Inc—,1 ,lhc_—.a Co 12 ft 17ft 5 Co Stores Consjiidated Textile 14% Corp Gas March February High $ per Share STOCK Thursday, January 20, .1949 CHRONICLE FINANCIAL & YORK NEW - Loiv High 8 per Share 1.33ft Corp«_. Coiibonuated 7 COMMERCIAL THE (354) 8% 24% 20 23% 28 24 27% 193/4 19 ft * 50 ft 52 51 52'ft 51 53 52 53ft 52y., 55 53 ft 54% 53 ft 54% 53'ft 5 4'ft 53% 54% 54 53 50 ft X54% 51 5 14 17% 13 15% 13 ft 14 ft 14 ft 16%' 15ft 17% 16 20% 17% 19% 16% Xl93/a 17% 20'/a 18 21% 16ft 16'ft 18% Convertible preferred 5% series—_50 Cornell-Dubilier Electric Corp.* 1 47 44 45 ft 45 46 48 45ft 47 ft 46% 46 ft 46 s— 47—- 46 ft 47 ft 46 ft 483ft 48 ft 45 'ft 47 42 47 ft 49% 45 20% 503ft 11 13 ft 10 ft 12% 10% 12 ft lift 12ft 11% 15 ft 13ft 15 ft 11'ft 13 ft 10% 11% 10 ft ll3/, 10'ft 11% Corn 51ft 54 ft 50 53 50 53 51 3ft 54 52 55ft 55 56% 52% 57'ft 52ft 56 52-3ft 56% 53 54 19% 18 3ft 23 3ft Coopei--Bessemer Corp__1 $3 prior preferred—. Copperweld Steel Co ; Exchange Bank Trust Corning Glass Works— 3ft% preferred Cum Corn pid 3 ft ft Products 7ft Refining 20 5 100 Co___* 25 preferred*. cum 10Q Corp Co *_*, Wheat Corp__ Cork & Seal Co $2 cum $4.20 $4 preferred Zellerbach 18 ft 20 18 ft 92 93 93 94 95 97 9 6'ft 97% 93 97 X92 ft 90 92 88 94 903/4 97 95 95 94 94 94 97 ft 96 ft 98 943ft 98 92 93 ft 86 91 87 91% 90% 61% 66 ft 59 C63ft 5 9'ft 65%. 62 *6 6 'ft 61 'ft 643/4 61'/a 63 ft 61 62 ft 61% 65 Y2 56 3ft 64% 62'/a 66 61 ft 57 G2 171 ft 167 165 172 'ft 170'/a 170 Steel RR 7 169 175 5ft 4 3% 2ft non-cum 30ft 34% 97 97% 95 97 12.; 13 lift 12ft 7% Prior Curtiss Wright Class 93 ft 27 95 96ft 11% 23 x21 10 ft II /A 3ft 4ft 33/4 4'ft 33/a 4 3'ft 2ft 2ft 2% 2 3/a 2% 2 2% 1% 30'ft 34% 31% 34% 30 34% 30 32 92'ft 923ft 93 95 97% 38% 37 393ft 33ft 38ft 33 35 ft 98 97 ft 98 ft 96 98 94 3/a 97 ll3ft 10 3/8 lift' 1010% 10 10 ft 93ft 24 23 23 24 ft 23 ft 24% 91ft 102ft 3% 4ft :;24:v 23 24 ft 93 94 93 9 3/8 •• 10 3ft 9% 10'ft 9'ft 24 ft 23'ft 24% 22 ft 24 ; .. 8ft 9% 22% 10 x233/8 2'ft 24% 19% 17% . 20.ft 22% 21 ft 26ft. 23% : 26 20ft 24'ft 20'/a 22% 19% 22% 17'ft 20 ft 17% 21% 42 ft 4b ft 42 ft 44 43 44 ft 42 40 42 ft 37 40 38 % 40 36 3ft 40 34%- 30% 34% 30 44 ft 315/a 38 ft 46 ft 36'/a 43 21. 46 30 98 ft 127ft ill 28% 30ft 263ft 31ft 28 30 •24% 29 3/8 23'/a 25% 102% 98ft 1003ft 128'ft 115'ft 26% 95 30'ft 30 ft 29 29% 97ft 96 ft 109'/a 98 100ft 110% 113ft 93 ft 103 109ft 113 ft 99 ft 105% 118 19% 114 97 101 95 101 100 94 22'/a 28 94 96 99ft 95 95 21 102 25% 96% 993ft 97 100 1013ft 99 103 ft 1123ft 129 21% 27 20% 22% 73 65% 67 273ft 25ft 22 24 ft 22 25 ft 24 25 % 23% 27 ft 25% 28% 24'ft 27 25% 66% 71ft 66 ft 71ft 70'ft 74ft 70ft 74ft 73 ft 78'ft 72 75 72 74% 70 72 69% 75 X653ft 31 34 27 33 26% 30 27 ft 32 29 32 ft/ 27ft 30 27 29 ft 27 31 29 32% 30 32 253ft 30% 25 12ft 14ft 12% 14 ft Xl2% 13% 13 143/a 13'ft 16 ft- 133/a 14 ft 133/a 16% 15% 17'ft 14% 16 3ft 15 16% 143ft 16 14% 15'/a 10 ft 12 ft "7% ~83/a 86 67'/a 71% 160 13ft lift 13 81ft 84 83 ft 84 ft 84 ft 16 17ft 15 ft 16 ft 15% 21 ft • 73,4 9 • 132 55 7 139 * ■* _* 59 51 l 4ft 5% 191/4 21ft preferred_100 Cutler-Hammer Inc 133 ■ 122% 1 7% 18 ft 24ft. 22 ft 1 20 ft 91ft 84 ft 16 ft 93ft 52 6 "ft 20% 5ft 20% 137 53 4ft 4% 135 24 ft 6 Va 22% 93 27% 22ft 24ft 22 ft 20 89 92 86 88 84% 86 % 80 83% 80 16 ft 15 16 3/a 14'ft 15 14 14% 13% 14% 12'ft 14 3/a 11% 13 17 ID 17% 20% 16 18% 15% 17ft 9% 10% 137% 148% 135 533/4 55'/a 50 21ft 19% 20 18 % 19% 11% 103ft 13 ft 10% ll3/, 137 140% 1393ft 145 56 58'ft 56 ft 59 146 61 - 223/4 24 22 ft 29'ft x31% 25 ft 22% 22 ft 24% 22 29% 28 90 ft 93 93 94 93 55 145 56ft 9ft x27 28'ft 145 54% 7 8 124 9 3ft 7% 137 47% 7 51'/a 8 10% 23% 7% 10% 19% 243ft 20% 23% 25% 29% 25 26% 137 135 30% 28'ft 31% 19 24'ft 20ft 24'ft 19 23% 19% 24ft 88 90 85 87 85 88 86% 88 ft 15'ft 15% 16'ft 15% 16'/a 13'ft 1"'/a 15'/a 18ft 16 14% 15 23% 18% 20 31% 25% 31% 25 26 ft 27% 26% 29% 24% 94'ft 80 2 5'ft 9% 10'/a 23% xl05/a 29% 23% 2534 923ft 303'a 88ft 87ft 27% 23% 140 303ft 94 89 92 ft 17 ft 15% 16 15 ft 26 3ft 31 ft 25 ft 9% 27 ft 150 137 137 ' 55 12'ft .9% 57 142'/a 12ft 7ft 233ft 24'ft 135 134 134 134 8% 7ft 8ft 7 ft 8% 25 133 86 25% 21ft 20 ft < 9 9% 56 56 113ft 19 ft 140 140 ft 130 ' 54 10% 113/a 9ft 71 9% 11% 20% 19 21ft 8 3/a 80 % 160 8 103ft 153ft 173ft 193ft 8% _9% 8% 11 13'ft 85 873ft 16 3/a 133 23 100 87'/a 160 160 160 177 X113ft 133ft 15% 133 * ll3ft 48 131 177 A - ll3ft 21 8ft 160 160 A 12 % 85 16% c';' '■ 'i 9 20 ft 18 ft ' 155 155 160 12 2.50 (The) Inc ; 3ft 2'ft 3 ft. 70 ft 100 * Sons 17% 34 ft 29 23% 43 ft 100 Corp A Cushman's < 96 ft 35 22 „ 33 32 ft 96 9% 1741/2 4% Z'ft 23ft :—10 ; preferred 4 3ft 93 59% 174 67ft 5 $7 preferred 5 23ft 169 164'ft 173 21% * Inc Publishing Co 4'ft 3ft ft 24 ,*__■_ ± Cunningham Drug Stores Ine— Curtis 45 10 cumulative preferred Press 21ft 5 ft 2% .. * Co preferred 4ft % 21 4ft 2% 168 93 44 ft 42 23 23 ft 5ft 32% 95 ft 169 2% 3 29ft 176 • 4ft 4% 33 176 1713ft 175 173 -22 100 Cudahy Packing Co— Cuneo 22 ft 39% preferred—_100 Sugar : 29 17 J 'ft 177 172ft 173ft 4% 20 ft 223ft 19'ft 20 ft 19 ft 21 19 * 2% • *•. preferred Cuban-American 19 ft 5ft 2.50 com of America 6% 18ft 3ft • convertible Cuba new preferred Crucible 5% Corp preferred 2nd 94 % 18 3ft 92 95ft ♦ 1 91% 23% 93 95 ♦ New Crown 21ft 92 2 Inc„— 53ft 18% 93 ft 2.50 Crown 50 223ft 93 ft 20'A 2% 1 54% 18 94 18ft 11% [51 92 ft 4ft 100 < 9% 11 9'ft 92 l 25 — 3ft ft preferred Creameries of America* Cream of X49% 1 * International Crane Co series ofl947——100 Coty lnc Coty ' ___ D Dana Corp Cum pfd Davega 5% 3%% Stores series Corp A 5 Davison Chemical Dayton Power Rights Corp & Light (The) (The) xl5ft 20 common—. preferred 17ft _1 Co 3 *• - 13% 15 ft 13ft 15 143/a 15ft 15 18% 16 ft 18 17% 15 16 15 ft 17 ft 17'ft 17ft 16% 17 3ft 16 3ft 17 17 17 3/a 17 17% 17 17 16 % 28ft 23 253/4 22 2*ft 2' 28 31ft 27 3/a 28% 27 ft 87 89 86 88 85 86% 82% 88 90% 84 89'/a 84'ft 86 84 12 10% 11% 8% ll'/a 8 3ft 10% 8 3/a 10 x8'ft 10% 30% 24% x27 % 33 27 29% 34'ft 37% 32% 38% 31% 34% 31% 34'ft 45 20 ft 22% 18 ft 21 18 ft 21 20'ft 23 ft 22% 26% 23% 27 ft 25 25 28 ft 24% 26 25 29 ft 28 ft 31 28% 30% 29'ft 313/8 29% 31% i3n tV — & 10 Preferred 3.75% series A 100 84 90% 89 90 89 ft 91 90% 92 89% 91 92 94 88 92 ft Preferred 3.75% series B 100 85 90 87 89 87 ft 88 ft 88 913/a 89 92 92% 94 90 93 Dayton Rubber Mfg Decca Records Deep & 7% 50c 50c Lack Denver & Rio & West Grande 14 ft 13 RR 10'ft 12% 9% 33% 41% 37% 40 42% 40% 32% 32 34% 44% 11% 36 46 ft 35 ft 423ft 35ft 413/a 39% 29 ft 32 29 ft 317b 313/8 33 31 '/a 38 ft 41ft 38% 42 39% 43 42% 45% 8% 7% 10 30 7% 9ft 8% 9 35 3°% ■' 3^ % ?fi 3cft 40% 34% ?"ft 33 34% 30 3ft 33% 30 43% 50% 46% 50 45% 9 3/a " 12% 14% 18 3ft 16 ft 25 ft 22% 27ft 25 31 29% 36% 33 39 ft 31% 40% 32ft 41ft 38% 45 42% 50% 48 54 49 58 48 54 45 53% 47% 51% 41 20 ft 21ft 20ft 21 20 21% 20% 213ft 21% 213ft 203ft 21% 20% 21% 20% 21'/a 20% 21 20 & S W RR 1— 'a TTv 58% 58% 10% lift 11% 12 11% 13% 12% 13% 243/a 22 ft 24 23 24'ft' 23 25% 24ft' 26 Co (The) 5 Raynolds class A__ Match Co 1 participating Motor • preferred —25 Car Co— Distillers Corp-Seagrams Ltd Divco Corp Industries div International series Preferred 14 113ft 13% 11 12% 24'ft 21% 23 19% 21'/a 13% 14% 133ft 153ft 13 ft 15% 12% 133/4 12% 12% 12% 253ft 24% 26 24% 28 'ft 26 28% 22% 27% 22% 24% 22% 24% 22% 38 42 36 35% 40 39 45% 42% 44% 43 46 41% 45% 40 42 41% 42% 40 42% 39% 423ft 36 40 39 ft 42 ft 44 38 41% 44 41% 43% 42% 443ft 433ft 46% 43 45% 43% 46% 44% 45% 43% 45 39 42% 42 44 38 19 16% 18 ft 16% 18% 11 13 15 13 16% 16 18 15 ft 353ft 143ft 15% 143/a 17 3/a 16 183ft 16 19% 15% 16% 16 34% 39% 36 3ft 393ft 38% 41 35% 373ft 32 34 26% 55 50 53 18 ft 16 13% 16% 13 ft ft 15% 17 ft 15 16 ft 143ft 32 ft 38 29 ft 33 ft 323/4 19 ft 17 ' 16% 17% 16% 173ft' 15% 19% xl93ft 18 ft- ' 16'ft 14ft 15% 16% Inc (E I) & $3.50 series 14% 17 20% 14% 18 13% 16% 14% 31 29% 313ft 25 31 26% 29% 47 50% 47% 46% 50% 10 11 33 % 49 ft 50 ft 47 ft 50 ft 50'/a 56 50'ft 53 513ft 53% 50'ft 54% xl7ft 23 21ft 17% 18 17% 19 17 19 16 17% 14 16 13% 15 13% 14% 13% 133ft 10'/a 49% 13'/a 39 33% 36% 31 35% 32% 37 30 3/a 36% 30 32% 29 ft 35 ft 34 36% 33% 38'ft 36% 40% 17% 16% 19 16 ft 18 ft 16% 17% 16% 18% 14% 17% 14% 15% 13% 143ft 13% 15 13 14% 11% 13% 11% 14 47 ft 56% 49% 54 ft 53% 63% 59% 67% 59% 66% 56 60% 55% 60 51% 55% 52 55% 52% 61 47 55 ft 47% 53 46 3/a 44% >'47% 453/a 50% 44 5/a 49% 44% 48% 98% 1003ft 98% 100 5% 99 103 101% 106 5/a 98 105 99% 105% <29 32% 37% 33% 39% 423ft 40% 453% 46% 44 97 40 ft 100 99% 98 ' 102% 103'ft 100% 102% 102% 106% 101 95 ft 94% 99% 98% 101% 101 102% 102 106% 101 106'ft 100% 243/a 22% 26 ft 23% 28'/a 31% 25 30 3/a 24% 27 24 28% 23% 26 98 93 ft 97 91 91% 91 933ft 17 15 15% 13% 15% 13 ft 15 V 97 90 21 24% 21ft * ' * ■ 40% 101 ' 93 first preferred_100 83 14% 84 883ft 86 ft 16 ft 12ft 12ft 13ft 90% 16 17 26% 44 30'ft 28% 95 95 19 48 • 15 93 93 94% 94 17% 17 20 16 105 43'ft " 1023ft ;: 104 Eastman 6% Eaton Kodak 90 83% 86% 12% 133ft 12 14% 15 17 3ft 17% 14% 15% 143ft 12% 173% 176 173% 184% 182 1873ft 175 188% 166'% 177% 166% 173 168% 183% 165 1813ft 166% 1853ft 113% 120 114 117 116 118 117% 119 3ft 188% 120 1203ft 124% 1173ft 121'% 1153ft 1183/4 116 1183ft 116'ft 118 3ft 118 121 1183ft 121 95 ft 113 97% 115 94 1133/4 95 ft 95% 115 13 14 96 96 ft 113 1123ft 115 13ft 15% 13ft 14ft 13 " 133ft 20% 22% 19% 22% 19% 16% 18% 16% 18 16% 23% 19% 97 ft 97% 98 95 113% 114 18 114% 114% 14% 96 13% 14 13% 22% 24% 22% 25% 21% 24 5/a 18% 20 3/a 18 20% 17% 20 94'ft 111% 114% 14'% 13 13% 22% 21% 22 14% 95% 97% 115% 14 14% 13% 98% 114 99% 116 13% 17'/a 20% 14% 17% 15% 14 113 96% : 114% 14% 95% 113 12% 17 13% 12 3ft — — ' 19% 21% 20 14% — - ' 16% 13% „ 98 3ft 96% 115% 113% 13% 10% 12% 18% 13% 22% 18 19'/a 14 17 16% 14% 17 19% 13 Manufacturing 22 ft 16% 20% 16ft 193/4 17% 193/4 17% 21ft 18 21% 17% l§3ft 16% 19 15 18% 14% 19% 13%' 17% 12% 40% 44 ft 38% 415/a 38% 433ft 42 ft 44 43 46 3/a 41% 45 40% 44'ft 40 3% 44% 40% 44% 42 44 40 44 3/8 x41% 100 preferred 162 % 165 170% 175 Xl64% 159 162 4 Co 51 553ft 165 47% 168 53% 172 164 168 57% 47% 174% 54 '60% 169 166 166 172 165% 168 157 61'% 64% 64% 633ft 159% 56 693ft 164 69% 59% 65% 59 30% 33% 17% 19% 17 3/a 19 17'ft 18 17 18% 16% 17% 15 17 14 15% 65% 61'% ' ' ' Edison - ' Bros 4ft % Stores — '• ■ — • —1 • „ —- . . „ 1 18 19% 17% lf% 17% 18 18 183ft 18% 19% 89 91% 85% 87% 82 85% 83 90% 89 90 89 92% 88'% 90% 88% 91% 90'/a 92 91 92% 89% 90 88% 91 13% 16% 13% 15 13 14% 13 ft 14% 14 16% 14% 16 133/a 143ft 13 13% 13 133ft 123/4 14 11% 133/a 10% 11% 98 99 96 98 92 95 2.50 4ft% preferred Elastic Stop Nut Corp of America Electric Auto Lite (The) ; footnotes see — 100 Inc preferred Ekco Products Co For 2 14% 164 61% ■ ; 159 15% 45 57% ■ New 98'/a 116 15 22% _ 19 5 13 12% 96 114 96% 116 12% 10 Co 133/a 15 175 12 ft 15 ft ' Eastern 21 90 164 10 i 19% 181 14 ' common— Stainless Steel Corp 24% Xl8% 164ft 16 ft 1 Corp 101 187ft 13 % 10 1 Inc 98'/a 1007/a 99%- 102 174 5 Co Eastern 17% 37% —20 Co Cigar Corp Airlines 14% 15% 1 . Duquesne Light 5% Eastern 11% 16"% 16% 31ft * Nem Eagle-Picher 14 3ft 15 183ft 14% 52 53 ft 20 ft ft 13 Va 16% 143/a 16 18% 14% 35 100 preferred DWG 24% 12% 15 ft 50c Duplan Corp $4.50 10ft x23 % 23 • Inc preferred 3ft% de 8% 24 % 12 37 ft Pont 11% 22% 25% 98 ft Du 10% 26 ft 15 ft 15 Dunhill 12'ft 22% * Inc preferred $3.25 Conv 11% 24 14% Cum pfd series A $4 dividend—* Dresser 12% 23% » Aircraft Co Chemical Co 2nd 11% 24% 5 Corp Ltd Douglas Dow 12% 233ft 22 ft 48 Mines 12 253ft 26 17% * 58 13% A 24 16% 1 Co 56 57 11% r 15 » Pepper 50 20% 23 % 2 Co - 45 20 % 13 2 : A Doehler-Jarvis t< 12.50 60 ; . .59% 59% 60 lift 58 57 ■ 58 23 ft 100 Co Corp 50 3ft 21 % " __ — 10 ft Dome 28% 333ft 33 ft 58 Doctor 24% 30% 19 12ft Cup 32% 37% 21ft 25 Class 9% 23% 29 38ft 60 ft Dixie 11%. 11% 16 ft 23% T 41 8% x40 20 ft lift D:amond 34% 383ft 49 36ft 1 6% 31% % 31% 44 20 stock com 1 Steel 10 11% 30'ft 48% 100 Hillsdale 92 8% 8% 31% 43% preferred stock—100 for 92 88 11% 30% 48 9% 86% 88 9% x31'ft 10% 13% 10%. ' 35% Co Detroit Diamond 9% 29% 44 32% - 42 Detroit-Michigan Stove Co & 8% 86% Western RR. — DeVilbiss 9% 9ft 37 Rights Devoe 12% 8 3/a 8% . 11% 9% 10% 11% 10% 8 3ft 12 39% 48% 10 30 13% 11% 14% 36% 45% 13% 41 39 ft CO—50 12% > 12ft 34% lift 35 xlOft 12% 15% 123ft 143ft . for ctfs Edison Detroit 12% 15 20 ctfs escrow Escrow Detroit 13 100 preferred Delaware & Hudson Co Co 15% 1 Corp Co Delaware 13 ft * Oil Rock Deere Co Inc 16 3ft 20ft' 15 ft page 15. 100 1 5 104 5% 47 106 6% 52% 102 5% 43 104% 6% 48 — - 1 __ • 103 103 5% 7% 6% 7% 43% 51% 47% 51% 102% 6% 49 ... 102'% 8 555% 102 6% 52% 102 8% 56 — ' 6ft 48 — 100% 101 7% 6'% 7% 6% 53% 45% 49% 45% 7- 50% — 6% 7% 45% 49% x6 39% 7% 47 6% 7% 393ft 42% Volume Number 4770 169 ./ THE January •' STOCKS Low Electric Boat Cum preferred Power $7 & convertible Electric Mfg Co 14 15 Va 13% 15% 14% 15'A 143A 16% 14% 16% 13 % 16 13% 14% 32% 33% 33 36 35 37'A 35 36% 36% 37% 363A 37% 36'A 36% 33% 35% 34% 36 33 34% 33% 1% 2% 2% 1% 23/8 1% 1% 1% 1% 1% •1% 1% 1% 34% 2'A 151/4 144 Office 139 139 "123% 521/4 56% • 1% 1% 2 18% 14% 16% 146 2 18 152 143 136. - 1% 19 20% 156 Mr 131 142 »■ 133- 158 • ' 4 9'A 52% 50 55 51% 16 14% 16% 15 16 21% 233/a " 158% 138 17 - 143%. 59% 16% 12% 14% 24 21% 24% 25' 100 Corp_L__A__l * Erie & Pittsburgh RR Co; ; Co ' _ Co.^ 13 15% 15 22 13% 13% 30% 99% 97 Brewing Corp 4% 5% 9% ■10% 50% • 55% 9% 7 15 „ ii5/B 42% ' 47 6 8.% 38 7% 6% ~8% 18 • 9% 43. 7 13%. 30'A 4% 150 156 143 134% 140 49% 52 51 48 Va 52 16% 15 15% 14% 15)Va 14 15% 14% 153/a 14'A 15V4 12% 27% 22%' 273A 22 Va 25 21% 243A 23 25% 19% 25 193/4 15Ve 21% 57% 44 3/e 68'A 51 v 53 > 50% 49% 54 1 51% 63 73% 46 Va 59% 65 58% 66 62 67 55Va 62 46 45 45 46 Va 48 46 49 45 45 76 65 70% 64% 73'A 6.7 74% 66% 70% 63% 70'A X65V4 17%: 16% 19% 16% 20% 16 Va 17% 143A 17% 16 17 12% 16% 12% 14% U% 13 Va 12 ■ 143% N% 15% 11% 12% 10% 12% 12 16% 15 '• 12% 16%: 11 4% 14 V* 15 16% 15% 16 33% 321/4 34 32 33% .14 '. 15% 32 30% 33 103 100% 153A- 313/4 104 3PA . 1QO 1003A '4% 4% .4% 43/a 6 Va 4% 16 14 16 Va 14% 15% 14 Va 16'A 14% 16% 12% 6 % 15% 123/4 14% 55% 61 Va 59 61% 58 Va 64 62 653A 59 633A 55% 60% 56 62 53% 61% 54% 56 3A 64% 68% 68% 67 67 64 65'A 61 61 61 63 ~8% T6% "7% 16 18 7% 7% 6% 16% - 16% 19% 9% 10% 1.0 A 6. 3° 6% . 3/,, ' 4 dVt 7% . 6'A 40% 48 VA 26% 27% 7% 6% 17%?'; 20% 5'A 9% 49 ~5% 4% 6% 14%" 11% .91/4 10% 45 47 45% 49 VR 7% 6% 6% 9% 453/4 54% 49' ' 47% 54% 50'A 27 29% 27 Va 29 27'A 29 24 21 23% 21 % 231/4 6 45" "7% 6% 8% 7% 9% 8 3/8 9 5% 41% "51/4 13V4 15% 9% •13% 9'A 9% 73A 9% 34 Va 37 Va 3% 43/« 8% 7% 8% 8 Va 9% 73A 42% 36% x42% 371/2 40% 35 Va 5% 4% 5 5% 6% 5 X46% 43 46 44'A 47 29 32>A 2.9'/8 30V8 29% 33'A 23 22 23 23 28% x21% 11% 7 8% 11 7; 5% 7% 14 13 11% 13% 12% 14'A 12% 13% 13% 15% I31/4 15V4 14 15% 37%. 141/4 15V4 35% ?7% 3 -S 3&%' 3«% 42% 3R% 42%' 40' 43 38 41 5 17% 18% 16% 18 16 18% 17 18% 17 20% 18 19V4 16 11 25% 4% % Felt & preferred 100 Tarrant Ferro Enamel Rights 93 % 99 5 20% 21% 20 % ____ Mfg Co 21% . Corp 9 10% 8% 10%- 20% 23% 21% 24'A- 90 95 94 97 20 20% 20% 20 20% 18% Firestone Tire 4%% & 37 19 16% 17% 36'A 38 171/4 18 91/4 7% 273A 313/B 27 29% 27 30% 27 961/2 98 96V4 98 95% 98 93% 21% 22% 21% 24% 213A 231/4 22 23% 21% 241/4 20% 24% 63 'A 62% 69% 61'A 67% 65 69 Va 49% 421/4 42 48 103% 493A 1043A 531/4 56V2 52% 17% 31 Va 100% 30 % 28% 27% 31% 28% 31% 96% 99 96V4 99% 21 20% 21 20% 24 22 243/8 205/8 22 21 21 22% 21% 24% 23% 26%' 22 243A 67V4 59% 63 3 4" 53 47 58% 53 Va 57 57 59% 59 % 68 43 48 43'A 50% 45% 49% 45 Va 50% 48% 100 series preferred cum 104% 105 104% 105% 106% 106% 1073/s 51% 55% 57% 56% x 58% 104 x50% 17 14% Flintkote Co (The) ♦ preferred Florence I 32 37% 31% 105% 104 Va 105 56 49% 52% 15% 15'A 16 34% 105 17% 36% 31% 15% 35% 51% 37% . ^7% v 17 5% 8 5 6 3/4 28% 24% 28 27 28 Va 97 90 94 % 90% 95 20% 23% 19% 23% 201/4 24 17% 20 Va 8 7% 9% 36% 41% 57 20 19 ' 105% 39 Va 18% 42% 573/4 59 X52% 45% 45 Va 47% x46 Va 107 V4 104% 104% 104Va 1041/a 591/4 56% 5514 57% 20% x98 99 99% 99 34% 30 31 30 31 % 30 % 32 31% 36% 31% 35Vo 31% 14% 13% 14% 13% 14% 13'A 14% 13% 14% 14% 15% 143/a 15% 99 xl04 100 103 1/64 Shoe Co (The) class A • Follansbee Steel Corp Food Fair Stores Inc lo 20 21% 16 20 28 25Va IOV2 23% » 10 10% 9% Machinery & Chemical Corp..__10 80 56% Va 19% 18 Va 19% ' 105%) 104 17% 19% 34 56 16 3/4 28 Va 30 Va 34% 28% 98 101 97% 98% 98 31 33 30% 34% 301/4 341/4 141/4 13% Xl4% 14 14% 13% 14% 13 33 34 13% 100 105 54 100% 40% 102% 30 % U'OVa 18 Va 18'A 103% oq ♦ 7.50 Co Corp 481/4 31V4 333/4 101 Va ♦ Stove Power Florsheim x621/4 2o : ; Rights 35% 34% 30 100 96 26 14 - 17 15 15% 14% 16% 153/4 16% 15 161/4 14% 13% 14% 14% 15 123A 14 l2Va 13% 27% 14% 25% 28% 26% 29 % 28% 33% 28% 32 y8 28% 26 32% 27% 31% 23% 29% 22% 26 3A 93/a 81 New common 10 i. ?%% cum 3% % preferred Prior to prior Francisco Franklin 100 10 Food company Corp Grain & Wood Cable cum 27 32% 100 Va 100 93 98% 85 91% 79 88 85% 89% 821/4 88 3/4 89% 92% 35 24% 32% 241/4 26 3/4 24% 23 24 233/8 24 13 103A 123A 9 8'A 105 99 Mills 36% 32% 34% 29% 36% 31 23% 241/4 22% 24 221/4 23% 22 % 13%, 14% 133/s 15%. 11 9% 8% 9Vt 9 14 Va 9% 93/a 8% 93/a 37% 40% 40'A 10 10Va 10% 9 % 8% 7% 35% 47 42% 47% 423A 46 42% 433A 41% 44 42% 47% 11% 10% 12% 11% 12% 10 11 10 10% 10% 12% 11 12 42% 103/4 21 •% 17% 20'A 18% 21% 20% 23% 21 23% 20 23 Va 19 21% 20 21% 20JA 2434 77% 78 Va 78 80 79% 82 82 83% 82% 83% 82% 84 74 82% 74 78% 74% 9% 8% 7% 7% 8% 9 6% 8 7% 7% 8% 8 19% 18'A 13% 14 12% 13% 13 14% 19% 21% 18% 21 19 8% % 7% 19 % 10'A 8% 9 % 18% 18% 10'A 8% 19% 18% 19 8% 10% 9% 19 18 5% 19% 19% 15% 21% 19% 16% 153/4 21% 16% 23 'A 21 7% 6% 73/4 6 Va 17% 18% 16% 18% 153/4 18% 17% 21% 103/a 18% 11 3/8 10% 18% 11% 10 42 47 42% 46 39 16 17 15% 16 16 16% 13% 18% 18% 19% 9% 443/4 38 20 % 23 18% 21% 18% 22 Va 21% 23% 23% 26% 24 25Va 21 y8 241/4 20'A 22% 11% 13% xl2'A 14% 14%. 16 15% 18% 163/4 17% 16 18 15% 17 105Va 1053/4 105 105 V* 102% 103% 102% 553A 60% 52% 53% 50% 53% 104 '/a 102% 10% 9% 50% 100% 102% 102% 10 10% 155 10% 11% 8% 150 10 101% 99% 54 % 50% 104%: 10 Va 152 11% 101 100 Va 56% 103% 104 87/a ■. 148 104 9% 9% 105 63% 106 150% 14 12% 104 10% 152 146 12 Va 58% 104 9% : 101 Va 59 103 9% 152 9%. 101% 55% 12% 93/4 14% 157 155% 159 131/4 12 143% 11% 105% 56% 104 7% 103 50 3/4 103% 11% 156 10% 152 131/4 11% 6% 8% 34% 38% 35% 19% 21 193/a 15% 17% 16 104 14% 13% 15 12% 13% 75 82 79 % 80 Va 76 80 '/a 35 24 20% 141% 35 23% 34'A 37 36% 39% 36 20% 23 21% 141% 143 136% 34% 31% 36 34% 38% 34% 34% 37% 34 37% 36% 39% 144 23% 21% 142 135 39% 42% 37% 23% 138 137 40% 42% 37% 41% 41 38 39% 93% 95 40'A 88% 93i/2 91% 93% 93 95 93% 95 Va 93% 95 94 96 i()3/4 12 9% 11% 9 11 9% 10% 9% 11 10% 13% 45 43 40% 45 43'A 45% 49% 48 50% 471/4 50 126 118% 124 119 Va 119% 993/4 53% 100% 97 Co Public Service General Public Utilities General Railway 94 g8% 93% 1 Corp Corp Signal 119% ___» Co Equip preferred 51% 121% ♦ Inc 58% 120 ___« 99% 56% 121 96% 99% 98 107 XlOOVa 58% 64% 603/4 1233/4 120% 98% 94% 100% 105 102 105% 104 106% X120 65 3A 60% 643A 122 119 121 56 120 943A 56'A 59'A 122% 121% 123% 953A 66 98 13% 13% 15% 14% 16% 16% 17V4 16%' 14% 15V4 14% 15% 14% 153/s 13'/a 12% 133A 19% 18 % 20% 19% 21% 21 22 19 223/4 19 22 - 20% 22% 21 25% 22% 26 24 "/a 25 3/e 17 15% 17% 15% 18% 14% 17% 14 16 14% *15'A 13 % 15 13% 15% 12% 153/B 13% 143/a 12% 26 % 23%. 26% "4 y4 5 "* 3 2% 11% 21% ■ 3 14% 3% 3% 3% 4% 3% 4% 3'A 4% 3% 3% 13% 12% 14% 13% 15Va 13% 15Va 12% 13% 12% 25 24 24% 28% i 27% 24% 29 22% 128% 4% 5% ♦ 24% 28 22% 25 22% 26% 25 27% 26% 30 Va 28'A 30 3A 28 % 31% 25 29'A 25 Va 27% 26 Va 28% 26 29 27% 28 * 112% 123 % 110% 118 122 118% 123 119% 26% 28% 26% 120% 28 128% 124 4% 4% 112 118% X116 25 27% 26 119 28 % 125% 5 5% 6% 26% 95% 93% 96% 3% 12% 128% 4 x94 Va " 100 128% 97 13% 1253/4x127 6% 5% 29% 125% ?5 % 22 4 13% 23% 21 23 125% 126 V4 120 X122 43/4 5% 30% 24% 26% 26 28'A 253A 27% 25% 127 4% 53A 26% ,26% 4% . .3% 12 Va 21% 120 - 4 Va 13% 23% 123 2% 11 19 121 3% 23A 3% 133/8 10% 113/4 23% 124 18% 20 3A 122% 123% 5 3/e 4% 5% 4 % 5 % 4% 29 26'/a 29% 23 3A 28% 23% 25 263A 25 3A 27% 243/a 27 Va 25% 27 125 5% 132% 123 129% 118% 28 Va 24% 26% 23 3A 25% 24% 26% 24% 25% 24 251/4 22% 28% 24% 26% 28% 26 28 243A 27 26 28 24% 27% 21% 27% 101:% IO2V2 130 119 128 Va 122 128 124 24% 1/128 * 23 24 22% 23% 22% 24% 24 23% 28 28Va 24'A 23% 25% 86 89 85 88 86% 88 72% 77 78 78 79 79% 29% 36% 27V8 31% 29% * convertible preference 124Va 12% • Gillette Safety Razor Co 122 14 2% 5 preferred— preferred.. 123 17% 100 Co 119 15% 28 28V4 30% 27 98% 99 IOIV4 IOIV4 100 23% 25% 245/8 29% 87% 87% 88 90 863/4 80 82 82% 82% 81 82 80 33% 331/4 36 3A 343A 391/4 333/8 38V4 311/4 100 Rubber 123 14% 100 preferred 119% 104 99% 58% 122% 513A 18% 23 Corp 65 13% 49% 122 120 1023/4 94 9% 51% 53 14% ; Instruments 123 ■ 10% 47% 48 Va 50% 13 2o : 48 % 9% 16% _10c Corp 91 50 10% 16% 11% Castings $6 preferred 92 Va 47 : 9% 15 3'A Co______ 40% 87 3A 38% 41% 20% 12% Corp 373/a 92 102 1 Refractories 40% 90 37% 1434 2% _____— 37% 11 65 95% 40 40 92 108 99% 42% 40% 613/4 125% 133 37 Va 9% 105% 971/4 20 18 89% 124 1223A 30% 28% 128% 36% 104 98% 20% 129 76 > " 102% 96% 12% 10 9 74 103/4 103% 122% 11% 76% 343A 93 9% 100 98% 36 % 10% 159 Va 10% 91 121% 123% 18% 11% 38% 126 (*A 28% xl25 158% 9% 157 37% 123 97 42% 9 75% 10 Va 40 Va 128% 121 % 20% 130 10% 102 40 'A 126 64% 36% 19 126% 9% 37% 126% 58% 33 Va 21% 125 122'A 12% 101% 157 1053/4 i8 11% Util Corp 491/4 158% 113/4 128% 127 54% 124% 96 '.'V 12% 103 103/8 157% 37% 18% 126% 125 55 ' 32% 21% 132% 16 3A 133/4 14% 5 Co.... 97% 50 Va 120 " 46 40 1283/4 221/4 96% 14% __10c Corp 125 93/a 38 19% 133% 37% 1 45% 44% 23 130 43 39 ' 40% 23Va 211/4 133 ' 16% 103 102 12% 12 76 38 XlOlVa 78 12% 73% 20% 47 11 10% 76 16 3A 42 72% 12% 73 x 103 75% 11% 76% 6% 29% 17% 13% 11% 73% 5% 273A 49% 10% 10 78% 18 163/e 73/8 104% 72'A 10% 17% 35% 5% 14 % 12% 9% 13% 43% 11 75% 42 13 101% 156 11% 38 Va 15 % 17 51% v-,:.'-" 93A 157 10 9 43% x 104 12 78% 144 10% 9% 20% 10 3/4 7 17% 29 7% 38 Va 152 10% 23% 103 101% 10% 76% 37 7 8% 39;% 16% 19 493A 58% 10 17% _ 73/4 37% 54 % 100 19 93/8 43% * Cement 18 17 Va 8% * Adv 17% 12 48% 40% 3g3/4 Rights 18% 45 353/, Telephone 7Va 6% 40 100 7 6 Va 6% 8% 41 13% 78 Va 7% 33 102 7% 63/a 22% 20 68 6% 33% 9% 24V2 80 :: 6% 5% 8% 12'A 8% 30 Va 8% 11 8% 6% 153 12 7% 32% 6% 45 8 30 7 42 9% 33 12"% 471/4 9Va 30 100 6% 17 8% 83/a 8% 11 Va 14% 113A 9% 71/4 18% 47% 5% 9 201/4 79'A » Corp 9% 18 * 100 100 30 23 271/4 " 1003/4 28% 100% 1003A 101 % 101% 2514 23% 25% 191/4 253/4 18% 21 85 82 82 SO 83 76 81 »/2 78 75 75 f—.'■■ -- 32 34 321/4 35 293A 101 22 251/4 22% 90 85 86 85 81 80 80 78 31% 34 101 ' " x36 73 74% 341/4 311/4 33% convertible preferred Goebel Brewing Co & Stock Telegraph Co Inc For footnotes see page 92 93'A 93% 95 Va 90 93 911/4 95 93 96V4 901/4 94 92 92 90 913A 90 90% 89 90 87 91% 21 % 17% 21V4 17% 20% 19'A 22% 21% 25 21% 23 Va 195/a 22 3/4 19% 20% 19% 22 191/4 20% 17% 21% 17 18% 84 % 81 82 80 80% 79 79 80 83% 85% 8 5 3/a 79% 83 % 80 81 801/2 80% 80% 80% 78 79 75 22% 27% 21 Va 25% 21 23% 23 24% 22% 28 25% 273/4 __50 51% 53% 48 Va 52% 49 52 53 53% 51 51% 52 55 1 (The)_/_ 941/2 19 83 * ___. 93 5 _» Inc Goodall-Sanford 43% 9 77% 20 100 preferred 44% 8% 24% 32% Corp 8% 10 81 19 50 Inc 11% : 9 11% Corp & 40% 15 • 10 35% General Co 32'A 25 13 34 Precision Bros 36% 23% 16% ♦ Portland cum 33% 25% 13% 100 preferred General cum 38% 24% 14% • General Tire 31% 24% 5 $3.75 series.. Time 34% 13% * General Realty & 90 24 138 Outdoor IOOV4 87 29% f> convertible preferred General Steel 96 15% 5 preferred Shoe 100 —- 24 Co General 96 30% 1 preferred Preferred 103% —- 13% 100 Motors ' 22 5 2nd $3.50 preferred.. Instrument 4%% 36 25% 100 Cigar Inc General Glidden Hi/4 29 14% 1.66% Corp Foods $4.50 x9% 36 24% 50 1st preferred General Gimbel 12 34% 29% 1 Inc Transport Corp series A Electric 3% c/o 10 Va 38 Va 5 Corp General 4%% 10% 34% 12% * convertible 4%% 10% 36% 50 preferred General 103/a 423A 22% * General General 12 38% 24% * common Co Bronze General 10% 47% 14% 1 ___; Baking General 11% 38 25% 78% preferred preferred General 10% 45 % 31 20% Co conv General 6% 98% , 10 12% 13% 1 $8 preferred 3%% 102 40 24% 1 Industries preferred General 41% 25% 20 General American 5% 95% 100 General American Investors General 95 12% cum Gaylord Container Corp 1% 89'% 12 (The) cum 4% 91% 92'A 1 : Gardner-Denver General 39 43 convertible preferred $4.25 40% 40 (Robt) Gamewell Co General 33% „_10 Malting Co Inc Gamble-Skogmo Inc S4.50 37 89 ______1 preferred %s 33 89Va 9% • Corp___ Co Co Inc 5'k 35,39% 10 10 preferred conv o'/e 9% 25 Co Fruehauf Trailer Co__^ Gabriel 10 Machinery Corp Freeport Sulphur Co 4% 9Va was preferred Sugar Stores Froedert x24 ______100 Sept as Foster-Wheeler 6% preferred conv 10 Va . known Gold 14 3A 35% 181/4 99 53% 58 $5 19% 13% 40 3/4 401/4 95% 50 153/4 $5 173A 8 155/a 14Va x36 8% 24 58% 55 4% 5 Va 16% 11% 45% ♦ 4 5 6 5/8 38% 9% 55 * Gar 22% 24 Va IOV4 12% 10 Carpet Co Gair 19% 23'A 183/a 9% 25 Co Firth Food 36 40'/a 37% 32% 28 Va A of N Y Rubber First National Stores Inc $4 16 40 45 23 xl9 Vc 7% 6. X14 3/a 5V2 10% 8% 10% '/» 37 40 5 4 ___ Fidelity Phenix Inc Co Flor da 9% — 45 23% 11% 4% 143A .5% 30'A 21% 6 Va 13'A 7% 51% 28% 59 5% 62 6'A 15% 39 - 6% 46% > 4% 5% : 8 Va 6% '5 5 143/a 6% 17 41% > 6% 20 10 5 4% 31 22% 99% 313A 101 13% 47' • » 29'A 98% 15 14 Va 5'A 27 • 97 15% 31 15% 12% Co 29% 4'A ' 37%. Truck 101 99 101 X100 X14 Va 13 Va 42% ~7 14% * 4% 31% 5% « 33 aA 102 14'A 51 >/,- ~7% 15% 100% - 13% xll'A 11 45-- 6% • 4lVa 11% 6% xl4 4% 15 3 2 3/4 x29% 100% 1 Motor x55 74 3A 46 67% 2 Federated Department Stores Inc 49'A 72 Corp__ Federal . 156 Va 135 56 & Federal-Mogul Corp 22 18% 150 147 15% Federal Smelting Co 23% 166 138% 51 Fedders-Quigan M nmg 18% 23% 1543/B 157 16% 101 99 29% Television & Radio Corp__l 193/8 55 9% 51 64% 9 . 13% __1 : 138 %x 140% 55 '65 10% xl2 '/a 31% 100 20 Sugar Co of Puerto Rico 153 140% % 12% _• Faiardo Falstaff 21% 1573/4 138% 16%: 17% \21%: 32% 4% 11% 19 2.50 20% 22% 19% 153% 15 69% 29% 57% 8% _3 Exchange Buffet Corp Fairbanks Morse & 4% 53 17%. 1 63% 97 102 5 ; . 64% 12% 34 99% 5 1 Eversharp Inc'__ 13% 12% 32 % 50 Williams Corp 55% 9% 91/2 100 23% 158 137'A 142% 52 J 65 55% 14% 1—10 152 143% 1% 1% 46 62 5 : 20% 154 138 55 14% 22 153%' 157%' 143% 2 24% 15% 21% Building Ex-Cell-O Corp 13% 150% , 56 Co Products 171/4 128% _4 preferred series A Farnsworth High 2V4 II _I ■ ___ Evans December Low $ par Share 353/4 Phonograph Corp___5 Dlstriqt Elec. Co (The) Corp___; preferred 4% series Eureka High $ per Share 333/,, 3 E'nuicott-Johnson RR Low High 15% 50 ;L 5% Low $ per Share 14% ,_50 preferred New. Erie High $ per Share 15% • _______ Emerson Radio & Equitable Low High $ per Share November October September August Low High 14% 10 preferred Cum Low $ per Share 16% 15 El Paso Natural Gas Co Empire July High 12% • Storage Battery National Watch Co Emerson Low $ per Share 12% • L Electric % % June High 11 * Elliott Co common.; 5 Low $ per Share (355) 133^ ,2 Corp preferred 5% May High $ per Share CHRONICLE 12 snares Light pielerrea $6 Elgin April Low High $ per Share FINANCIAL • ______ Musical Ind Amer Electric Low Hi^h $ per Share & 3 conv Elec & March February Low High $ per Share COMMERCIAL 5% 4% 5% 4 5 5% 117% 113 116 121% 115 119% 117 23% 22 243/8 21 100 10 15. 115 21% 6 120 24% 114 19% 22% 20% 5% 116 23% , 22-Va • 5% 6 5% 5% 121 241/4 77% 231/4 263A 22% 24 20% 23% 20% 22% 193/a 22% 20 211/4 54% 55% 51 53 501/4 521/4 50 50% 49% 50% 49 49 51/4 5% x5% 5 V. 5% 6% 5% 61/4 119% 117% 117 119 21 23 51/4 118 193A 21 18% 121 19% 5% 117% 18% 120 19% 118 15% 122 19V4 51/4 53A 114% 119 14Va 16 7 8 (356) THE 1948 COMMERCIAL NEW - & FINANCIAL YORK STOCK January Low High Goodrich (B Co—:— F) • $5 preferred Goodyear Tire & Rubber Co Union Co 56 523/4 56 54 64 96% 99 Vi 94% 97 96 97% 98 101 X39% 38% 42% 41 44»A 43% 96% 99 97% 98% 99 17 19% 18 20 s/8 18% 203/4 100 441/3 May Low 8 per Share Low High Share 58% 99 97 175/3 jgy2 10% 17% 43/4 57/3 3% 5% 3% 5 4 4% 4% 5% 6 5% 6 53/8 7% 7 8% x7% 8% 7 33% 40 39 24 29% 33 Va 25% 30% 28 30% 30% x33 ya 'rf 100 62% 46 101% 235/8 19% 4% 75/4 ' 4iy4 37 % 33% 28 32% 33/4. 4 7% 6% 7 16% 16 SA 33'A 27 29% 303/g 27% 24% 25% 23% 25% 98% 94 95% 91% 95% 90 % 92 89 92% 92 97 13% 12% 135/8 12 14% 12 14 115/8 12% 11% 123A 37 40 38 38% 38% 38% 38 38 35 35 31 35 15 13% 15 13% 143/a 133/4 14% 13% 15 13% 14% X12 15 43% 48 43% 44% 40% 45% 41% 48% 39% 49 23%. 20s/a 47% 22% 41 203/4 20% 21% 19% 21% 195/8 20% 18% 275/8 29% 2«3A 31 28% 303/4 27 93 95% 93 95 97% 99 96 103/4 10% 12% H3/4 13% 11% 13% 11% 31% 33 33% 36% 13 y8 14 135/8 15% 133/4 47% 22% 46% 50% 21% 22% • 3Q 32 30 31 29 * 12% 37%. 13% 12% 13% 12% 30% 13% • 42%- 40 37 42%* 42 • 20 22% 22% 20% 23 20% 137% 36%20 >/4 132 144 13$ - ' 3334 29% 14% 10% 16 12 14% 10 ' 93 95% 96% 32%, 371% 30% 135 132 62 60 63 62% 62% 313/4 30% 33% 33% 37% 34% 15 14 15% 15% 16% 153/4 10% 10% 11% 11 % 12 11% 973/4 X95% 97% 91% 95 36% 35% 41% 38% 43% 77 30 132 62 73 137% 136 142 Xl41% 145Vb 140 137% 143 7 5% 63/4 5% 53/4 6 18 , 133'A 136% 134 44 40% 18% 16 19% 138 135% 137% 73 73 73 71 71 73 37% 35% 38 34 37 35% 13% 15% 14 15% 13% 14 V, 103/4 14% 11% 10% 11% 10% 11% 10'A 11 94 97 93% 94% 91 93% 90% 92% 18 3/4 21% 20% 22'A 16% 21% 17 19% 5% 6% 70% 713/4 713/4 70 72 39% 37% 40% 35 39 343/8 38% 35 17% 15 153/4 145/B 15% 133/4 143/4 133/g 13% 113/4 125/a 115/8 12% 11 12 94 97% 94% 98 94% 96% 96 97% 37% 41 ®/8 39% 48% 23 6% 17 137% 133% 140 66 233/8 213/4 253/4 18% 22 65/8 5% 7% 9 6 6% 38% 6 5% 6% 6% 95 92% 93 % 94% 94% 92 94% 93 94 15% 18 143/a 18% 15% 17% 12% 16% 13% 16 % 52 55 51% 57% 52 55% 46 % 53% 47%. 51V* 73% 64% 70 % 69 75% 64 y2 75% 66 % 71% 17% 16% 17s/a 16% 18% 15% 18 16% 89% 85 87 ya X86% 88 89 91% 91% 94 91 95 13 155/3 123/4 155/8 15% 173/4 16 19 % 17% ; 19% 163/4 20% • ,46 491/2 44 49 47% 51 49% 56 % 543/4 j 583/4 513/4 573/4 58 75 % 57% 61% 65% 64% 73% 72% 57 75% 55% 25 745/8 81 68% 79% 68% 2% lit 14% 155/a 16% 14% 16% 155/a 173/g 16% 18 16% 18% 16 7% 2A 155/8 6% 73/a 6% 7% 87% • 1 f> Co XI7% 27% 913/B 1 Utilities 16 23 9% _ 6% 35 90% 1 Rights 33/4 6'/a 25% 10% preferred Gulf Oil Corp_— 2% 73/a 3 24'A 943/4 j, 165/e 4 X6 29% 26ya 9% • RR Co 3% 7% 27 90 ioya _io Ohio St 6% 17% 323/4 96 __l 3% 425/a 101 28% 26% Sugar Co convertible preferred 20% 16 95/3 Guantanamo 16 % 17% 92 % 1 15 100% 21% 40 3/i 31 % 255/a .. 100 105 >A 19% 10L 61 1023/4 101 49»/8 102 15% 213/4 28 _ 102% 39% 28. 25% 22% 10O 100% 50% 101 45% High Share 55% 64 6% ,53/4 18 _3 56% 43/a 3% 65/8 25 , 105 20% 103 19 3% 19% Greenfield Tap & Die Corp 1033/4 19% 18 Greyhound 103% 21% 64% 993/4 46% 21% 45/8 24 -100. 433% Low $ per 40 104 §1% 100 100% 453/4 102% 104% 185/s 19 — 103% S per Share 61% December High Share Low High 8 per 613/4 x42% 103 28% xiooy8 25 pfd ; Great Northern Iron Ore Prop Great Northern Ry 6% preferred Oreat Western Sugar Co Corp (The)— 4%% preferred Grumman'Aircraft Eng Corp x563/4 45% _1 Green Bay- <fc Western RR Co Green (H L> Co Inc 59% 103 1QO preferred 54% 41% * cum oonv New X30 43% Share 102 4%; 5% 101 47% Low High * per Share $ per 56 103 101 43% 99% Low Low Share November October September August High July High S per 62 Thursday, January 20, 1949 1948 - Low High $ per Share ___5 Co Grayson-Robinson Stores, Inc States 47% 98% 10 City Steel (W T) Co_ 3% % preferred Gulf 54% 571/ 417/3 » New $5 49% 5iya April High 5 Grant $5 8 per Low High ;l (The) Granite Gulf Mobile Share Low • Hosiery Co Inc_ Graham-Paige Motors Corp Granby Cons M S & P Co Ltd VU S per RECORD June * preferred $2-2$ High Share * Gotham Grand $ per ♦ — $5 Low $ per Share STOCKS March February CHRONICLE • 14 Rights X60 % 15 97 94 16% ; 93 20% ^ y4 31% 333/4 31 32% 32% 343/4 33 35 33% 34% 32 33% 325/8 34 33 35 33 34% 193/4 22% 13% 15 13% 143/4 123/4 133/4 133/4 15 14 16% 15 15% 143/4 133/4 15% 133/4 143/4 13% 143/4 17% -- — — —- 32% 35% 313/4 32% 19% 203/4 15% 20 17% 13% 14% 12% 14% 12% — H Hackensack Water Co 25 Halliburton Oil Well Cementing 5 Hall 5 Printing CoHamilton Watch Co .___ • 4% convertible preferred (M A) $4.25 preferred Harbison Walker Refrac 13%. 100 13% 14% 86% • Hanna 102% 85 89 xl01% 103% 14% 13% 84% 82 84 % 82 103% 103 104% 103 Co * 23 % 26% 21% 23 y» 22 100 150% 150% 148% 148% 147 27% 29 % 4% % Hayes Hayes Inc Glass Corp 31 7% 6% 76% 1 Manufacturing 1 100 preferred Industries Hazel-Atlas 29 73/a 75 6s/8 8% 2 6% 25% 6% 85/s 5 Co 6% 79 26% 23 133/4 79 103 6% preferred Hart, Schaffner & Marx Hat Corp of America class A 10 14% 13% 14 87% 1033/4 7% 77 34 233/4 32 7 7% 73 73% 7 6% 76 29% 7.3/4 8% 7% 7% 8 3/4 24% 75/8 10% 22% 21% 24% 93/4 28% 8 275/8 634 5 3/4 7 10% 11% 83/4 9% 213/4 233/4 21% 6 69 10 ;y 103% 25 147 31 76 95/4 93/4 * 27% 29% 77 63/s 77 1053/8 23% 25 133/8 23'A 11% 95/8 28% 26 6 73/4 ; 1033/a 215/s t 213/4 13 12% 13% 79 80% 104 803/4 105 106 3A 23% 22% 25 3/4 147% 22s/8 29 53/4 75/8 8% 5% 70 9 64 7% 233A 20 Va 26% 5% 4% 6 64% 59 68% 8 7% 8% 8% 10 3/8 x9% 103/s 7% 21% 10% 20% 79 X 23 21% 233/4 20% 22% 20 85/a ' 18 3A 147 693A 83/4 233/8 81 % 1053/4 26% 147 74 8% 123/4 14 80 84% 104 146 % 333/4 65/8 76 27% 133/4 82% 84 106 24% 243/B 146% 27% 150 82 105 85% 107 13% 14% 13% 14% 84 106 148 76 9Va 86 107 253/4 27% 34% 7% 13% 84% 1043/4 150 24% 6% x20 14 ' 86 104% 148 74% 8% 7 8 25% 253/4 28% 29% 6% 73 7% 233/8 24% 147 27 V8 Xl47/8 32 xl3 8% 77a 10 22% V Hecht Co 3aA% 15 (H 3.65% Helme J) (G New preferred cum W) 21% 87 82% 84 38 42 37 39% X37% 95% 98 95% 98% 53 55 51 % 55 100 Co 25 non-cum preferred preferred 140 Inc__ • _• 5 —___ Heyden Chemical Corp_____. 3%% cumulative preferred Hilton Hotels Hinde & 5 x243/4 23% 24% 86 89% 40 38 26% 27 86 x85 40 38% 35% 98% 99 98% 51% 56 54 101 56% 140 143 146 % , 27 24% 27% 24 25 22% 24% 20 3/4 23 21% 22% 2022'A 90 38% 91 395/8 90 91 88 89 86 3/4 89 37% 39% 36% 373/4 37 37 37 38 34 37 29% 333A 98 99% 973/4 99 y2 973A 98s/8 97 98 97% 99 57% 61% 573/4 593/4 22% 24% 22% 23% 35 35% 34% 101% 103 xlOl 55% 60 58 103 98% 101 59% 62 59% 61% 1453/4 150 1453/4 1453/4 60% Co 140 148% 153 139 24 140 X143 141 35% i6y„ 14% 163/a 15% 18 173/s 20% 183/4 22% 18s/8 20% 17% 19% 15% 17 15% 53% 46 % 52 46 55% 51 3/4 57% 50 553/4 503/4 55% 49 54 »/4 50 % 54% 46 125 > 17% 48 127% 1253/4 125% 127% 126% 125% 125% 123 283/4 121 273/4 122% 23% 30 1163/4 30 xll7 128% 120 91 273/4 91 121 124 123 % - 27 % -' 29% 114 1243/4 303/4 29 % 117% 116% 1183/4 25% 27% 28 % 115 1-18% 30 273/4 118% 125% 27% 29% 121 % 123 >/2 27 293/4 122 24% 26 22% 21% 28% 25% 283/4 253/4 28% 223/4 80 82 81% 83% 83 86% 82 % 28 26% 26% 123% 119 27 81 115 x21% 85 22% 24% 18% x20 % 18%: 81 79% 81 126 . 26 27% 213/4 21% 21% 15% 163/a 13% 15% 13% 143/4 45% 49% 43% 47% 4134 46 3A 122% 123% 121 % 123% 120-% 125% 26% 25% 27 122% xll4% 203/4 27 114% 117 22 3/4 22 17 17% Electrochemical 24% % 24 21% 23% 17% 21% 18% 22 3A 79% 78 78% 78% 78% 78 78% 12% 14% 13 11% 12% 10% 12 10% 12% 11 12% 10% 115/8 10% 11 10 5/a 11% 10% 11% x93/4 11 28% 30% 28% 29% 28 30% 31 33% 31 37 30 33% 31% 33 31 31% 31 33 29% 331A 20 24% 20 23% 21% 24 20% 22 17% 21% 13% 17% 15% 163A 12% 24 29% 29% 27 29% 25% 26 5/8 25% 16% 29% 15% 25% 20% 27% 36% 22% 33% 25% 25 27 23 14% 27 % 23 22% 14% 13% 14% 13% 15 14% 16% 15% 15% 13 29% 14 25 13% 12% 13% 12% 12% 11 14% 10 12% 15% 20% 18% 21 20% 26 24 29 25% 30% 23% 30 23% 29 23 28 23% 245/a 20 24 19% 22 29% 30 25% 30 25 28 . — :''i — ' : ■ — 38% 41% 38% 42% 37% "41 % 37% 5 27% 35% 26% 29 28% 33% 31 % — ■ ' ' ' —- ' -J- 38 41% 37 40% 36 38 34 363/4 32% 35 32% 35 '/a 29% 33% 39% x35 35% 33 35% 29% 35% 29% 31 29% 31 28 30% 24% * 50 • 100 14% 17% 42 46% 34% 31% 89 91% 14% . 15% 14 16% 17% 145/B 18% 36 42 38% 40 40 42 38 y2 41% 29 V2 31% 30 32 31% 33% 31 33 15% 16% 18% 31% 89 91 »A 88 93 91% 93% 423A 38% 41 38 91% 40% 88% 40 38% 41% 40 44% 92% 42% 20% 25% 22% 27% 26% 33 30% 37% 33% 38% 1 21% 22 19 21 y4 19% 20 20 22% 21% 22% 21% 23 5 33 35% 33 37% 36% 41% 40% 46% 42% 46% X44ys 47 Co 100 4% 6% 5 61/4 5% 4*/4 5% 5% non-cum preferred 100 Hudson Bay Mining & Smelt Co Ltd.* 9% 121A 10 115/8 34% 38% 38 *A 35 39 Hudson 18 21% 34% 15'A 18% 14% 16% 18 15% 17% 16 Corp__ Co St Manhattan RR Motor Foods * Co___ Car • Corp Hussman Inc ——6.66% 1 Refrigerator Co—. — Idaho Power Co Illinois Central Non-cum Leased RR sec ♦ — 4% 3% 4 stock ctfs 16 5A 19% 18% 17% 19 18% 16 y4 4 4% 3% 3% 49 43% 46'A 27% 33% 28(4 36% 18 15 45% 393/4 16% 46V4 41 85% 88 45 43% 45 y2 31% 35% 28s/a 33% 20 17% 20 41 39 42 19% ; , 5% 21% 18% 39% 45% 5»A 38% 4% 4% 10 10% 83/4 42% 443A 165/a 18%15 15 18% 12 14 20% 22% 17 18 3A 16 y2 18% 143/4 16% 3®/« 4% 13 — — : 21% - ! 103/8 44 ®A 22% . 153A 41% ; 4% 43% 10»/8 42% 14 143/a 123/4. 14 12% 33A 13% 43/4. 3%- 12 ye 12% 45% 3%. 4% 45 12 5 , r 3% 3 33A • 81% 4 4«A 82% 85 86% 14 15% 46'A % 6% 6 5/# - 8ya .9 433A* 11% 13% 44 50 4434 47% 15% 18% 12% 17% 12% 14 12% 143/a 11%.- 13 10% 11% •3% - 3% 11% 493A 3% 11 9 2% 2 3% 25/a 12% 13 13 14 12% 14 12% 13% 35 32 34 30 % 33% 31% 33% 33% 353A 32 35% 32% 33% 33 33 35 31 34% 31 34% 27% 313A 31 35% 34% 39% 353A 41% 37% 42 3/4 36 40% 34 415/a 345/8 38% 28% 38 29 31% 673A' 71 70 78% 763/4 83 82% 86 86 90 85 86 82% 86% 83 84% 78 86 82% 84% 96 96% 96 96% 95% 96 96 96 96 973A 96 96 96 97 95% 95% 95 95% 96 97 96 A_ 24% 28 % 25 28% 25% 30 29% 31% 35% 33% 363A *>•>1/, 37% 33% 35 30% 305/a 34% 25% 33% 25% 28 30 28 293A 253/4 28 26 27% 26 35'A 27% x275/b 2934 26 3A 26% 28 9% 10% 21% 1000 ' common Co_ RR 5 * "9% 11% ~9% 10% "9% 21% 22% 20% 22% 21% 14% 15% 14 15% 14 46% X41% 43% % „ preferred i Internat'l Mineral & Chem Corp 4% preferred International Mining Corp International Nickel Co preferred Paper of 737 51 44 48 42% 49 431/4 47 39% 47% 38% 70 71% 47% 50% 50 54% 56 45% 154 48% 140 138 1513/4 148 155 154% 158 160 Co_' 72 61 67% 150% 38% 433A 42 % 45% 423/4 44% 40 46% 43% 41% 45% 42% 47«A 38% 47% 3 8 5/8 43% 15%. 18% 18% 215/8 19% 21% 193/8 21 % 18 20% 19 46% 20% 17% 203/4 18 19% 16% 19% xl7% 17% 7% 7% 7% 73/4 8% 8% 8% 73A 73/a 7 3/a 83/a 7% 73A 8'A 40 453/4 44% 46% 21 44% 23% 213/4 96 99 95% 98 953A 98 99 46 40 103 98 12% 219 3% 14 y4 242 __ 87% 92% 46 63A 102% <*4 76 % 63A 233/a 103 3ya 2% 3% 2% 3% 2% 33A 23/4 3% 11 Va 12% 115/8 14% 13% 145/8 135/B 16% 14% 16% 5 265/a .—100 1 76 % 66 76 160 73A 7% 8 19% 18 102 19% 97 22% 98 2 3/a 100% 13 5A 3% 2% 133/4 14% „ (The) —.——i 15. 7% 155 8%. 16 185/a 16'A 18% 14% 18% 13 14% 96% 94% 97% 92 96% 86 93 2% 21/a 2% 1% 153/s 14% I61/4 123/4 2 222% 125% 139 133/4 80 893A 129 89 142 3A 140 142 83 * 88% 95% 137 94% 146 99% 145 154% 163 167% 161% 6S% 53/8 6% 33% 233/4 28% 24% 29% 28 3A 34 78 74 74 75 76 79 3A 80% 165 162% 166 7% 5% 96% 1% 2% 16 123/a 2 13% 139 146 1403/4 150 140% 151 143% 154 146 150 155 156 993% x341/4 164 174% 30% 30% 28 34 263A 1685/a 162% 1663A 161 'A 85/a 165 63A 7% 61/4 26% 29% 160 165- 30% 26% 1633A X1613A 73/4 5% 26% 169% 65/b 8% 313A 36% 34 38% 29% 36 % 29 32% 26% 29% 271/4 31%, 25 29»A -80% 83% 83 93 85 88 86% 86% 80 82 80 80 75 80 75/e 9% 7% 73/4 63/8 169 28% 1641'2 30'A X1643A 3% 3% 3% ■ 3% 4% 4% 33A 4 43A 4% 313/4 3% 30% 33% 293A 43/a 32% 30 1363A 1391/4 xl36% 139% 136 31/4 4 28% 25 3A 27% 135 136% 135 % 136% 15 * ♦ 100 47 53% 43% 50% 42% 51 49% 56 3A 55 64 57% 643/a 56% 62% 55®A 60% 543A 86 92 87 94% 95% 97% 96 98 97% 98% 951/4 99 95 97 94% 11 13 11% 10 % 12 10 14 103/8 11'A 10 11% 102% Ltd—* * • Co International Silver Co 58% 155 1661/4 5 »/8 5% 25% 7% 281/4 71 71% ' . preferred 71 154 923A 2% 16y8 23A, 154 220 5% 167 69 159% 160 32% 6% preferred International Salt Co 663A 66 150% 38S/8 —100 Can 9 42%. 1543/4 343/s 163% — For footnotes see page 20 % 10% 48% 129% A—25 of Central America Shoe 231/a 75/8 115/8 158 100 ser 20% 10% ?23A 13% * Internat'l Hvdro-Elec System 243/8 10% 251/a 13 393/4 3 * 23% 11% 235/a 133/4 35 101 * common— 24% 11 243/a 13 40% • New 23% 12% 223/a 14 % ; 96 37 100 International Harvester Co 23% 11% 23 14 ____5 * 22% 135/8 213A 14% 152% 44% • 24% 22% . 153 • Xnteriake Iron Corp Internat'l Business Machines Corp_ 9% 11% 131 Interchemical Co 11% 10% 120 6"% , 9% 12% 129 163A Rubber 10% 11 39 6% preferred 93/4 11% 119 15% New 10®/, 10'A 493A 7% Interdontinental 9% 29% 10% 11 683A Corp ^ ~9% 130% -100 * : 10% 150 124 17'A Preferred 45 36% 87% 43 36 y2 71 63A International 49 29% 85 45% - 32 155/8 cumulative 84 433A- 93 y2 44 >31% 343A 1 Internat'l Rys 81 88% 94% 62% Co International 30 11 275/8 ~20 cum 34% 28 14 32% Insuranshares Certificates Inc New 29% 29% 72 Inspiration Consol Copper Co; 4%% 35 27 32% preferred Steel 32 30 43% — 6% 113/8 37 v* 28% 14% 45 " — — 14 y2 35 28% series New 5% 17% 3 12 3A 37% 31% 35% ,_100 4% Terminal Inland $4 x41% — „ 12 43% 15 34% 283/s 65 Ingersoil-Rand Co__ 7% 12% 39 12% 32 28% Industria Elect de Mexico S A.ipO pesos Industrial Rayon Corp 1 7% 9% 12% 4®A 6 14% 38% 30% 33% Indianapolis Power & Light Co. 1 9% 5 13% 36% 32% _100 series A pfd_. -100 6% Illinois Power Co Illinois 4 7 17% 413A —20 Co RR conv line . 123/4 14% 46 287/a t v 1 IUJ 31% 327/8 23 ®/8 of Texas 29 26% -> ' 393/8 41% x43 ; 35% 30 % 32 3/a X28 10% 9% QCl 25 Hupp 27 21% 15 18% c__ Hunt 25 26% 17% div____* Houston Light & Power Co Stores 133/4 14% _12.50 Co_ Houdaille-Hershey $2.25 conv preferred Sound 31 12% 21% ___30 Household Finance Corp 3%% preferred Howe 10 9 X30 ' .—I-* Hudson 20% 213/B 78% x22 5 . 2nd preferred series A $4.50 Howard 28 119% 115% 20% 10 Inc__ Corp___ Homestake Mining Co—_ Houston Oil 124 25% 29 118% 24% 11% 35 17 51% 5 Son & 140 83 80 10 Co convertible preferred— Hooker 86 1 Paper (A) 140 1 The Holland Furnace Holly Sugar 142% —100 Corp Dauch (C E) Hollander 5% 23% 85 35% 100 Hershey Chocolate Corp__ $4 convertible preference Hewitt-Robins Hires Co 22% 23 100 7% non-cumulative preferred new__25 Hercules Motors Corp .* Hercules Powder Co • 5% 233/4 10 __^ 7% 26% 78 25 Co 23% 100 preferred Heinz 26% 94% 10% i043/4 52% 43% 96% 13% 107% 54% 24% 28% 135 137% 9% 28 y4 30 137% 136 3% 28 1353/4 5% x32 139% 33A 137 29% 136 10% 93A 8 106% 95 93% 98 90 94 89 92% 90 943A 85% 92 77% 52% 55% 53 55 54% 563/a 56 60 60 64 59 61 58 61 41% 44 y2 39% 42 41% 423A 41% 43% 42% 44% 42 43% 50% 43 543/4 52 ' 593A 57 61% 57 61 57 34 30 35 34% 34% 34% 35 3% 101 25 47 %' 56 45 25 34 34 32 • " J 35 .£5% *"3$ 41% 61'" 34'W - . .. - 33/4 4% 3% 29% 41/8 30% 29«A 1381/2 137 % 138 % 60 3/4 56% 601/4 49% 52% 94% 96% 98 93 94 73A 8% 49% 92'A 6 3/4 59% 96 293/4 10'A 87 751/8 5614 623A 3f4%^'35' - - ... -58.% 33 8% X136 % ■5% 139 71/a 70' 681/4 75% 65 -^ 59% 421/439% 633A 53 34''3r,^32% $9% 58 60 42i/4 39% 42% 63% 52% 58% 32 34 78 60 423A 64% 34% 4 34% 1361/4 6 45 4 32% 139 -34^ . MOUKI Number 477(1 Volume "169 THE MiMtWMVMUMft !<*»>«*# awWiHA'K'W* C«>«1»WWIW***W»<*»•»»WWWMm,* & FINANCIAL COMMERCIAL CHRONICLE 1948NEW YORK STOCK RECORD January I. stock^ ,• • /* ; .'i '■/; Low T£l & Tel— ... Domestic share ctfs 12 • 14 '/4 11% 14 J/4 11% 13 20 21 17% 24 25 % 22% $6 preferred ; 59% 633/s _i *,• 61 140 • / Low : ■ High $ per Share $ per Share August < High . , $ per Share 13% 13% f12%;;14% 16% 13 16% *123/8 12% 14 / 12% 16 14% 16% ,12% "20V4 23% 23% 26% 24% 26% 13% 22% 16%' 21% 25% 21 22% 26% 26 29% 29" 31 29V2 35 % 3iya 34% .30* 30% 333/4 32. 36 34%, 39% 35% .39 1391% 140 31 Va 12% 14% 16% October Low High September Low High 'Low $ per Share ' x 1948 - July j Low High * $ per Share $ per Share 13% 11% 13% '11%>.13V'8 13% November Low December High Low $ per Share 8% High $ per Share 12% 8% 13% ll'/4 133/4 '11% 12% 23% 20% 23% .20% 22% 20 21% 9 ' 17% 203/4 32 29 30% 29% 30% 25% 28 23 21 29 34% 30 34* 8% 10 9% ■ 63 29 Va 137% ' : June * '12 "" 23% —50c - ..High 'llVe 20 l ; common-!,— r May 1 •, Low High • , ,17% 137/e 12% ;• ♦ Island Creek Cofel Co April ' Low High $ per Share « $ per Share » _♦ Intertype Corp J March Low High . $ per Share : 1 Foreign share certificates Interstate Department Stores Inc_ New Low High $ per Share International ^February. , (357)' 9 140 . 143' 140 34% bd 141% 144; , , 145 35 .f36& & 139 : 140. x34 .■> 139% .333/4... 36 35% 142 138 ^138 139 145 145 X145 A Jacobs (F L) 1 Co _i Preferred 4% series- Jewel Tea Co Inc__ 3%-% 2nd 443/4 92% 7" 21 -92% 86% 90% "44% '39% '44% 93 .93% '34% 42" 36% 101% 23 3/4 111 100 101 102 100 101% 101% 104 100 145 152 145 145 145 10 8% * ' 21. 213/8 203/4 82 85% '433/4 48 98 99 86: " 44% 95% ' 83/a 9% 21 . X84 94 • 98 gtd stpd ' - 41% 34% 37% 100 % 26% 104 203/4 103 ' 24% 25% 30 3/8 34% 293/8 33% 83% 89 83% 85% 85 Co__ 40% 31% 36% 32% 25% 104" 87 34 38 * ;29% 82% ■33% 32% 21% "21 85% 43% 46 87% ,84 y2 ,82' 42% 113% 104% 35% 103 37% 89 SO 393/8 37% 43 33 34% 28 104 86 .83 87 44 47% 47 .423/4 48 90% 92 93% Q4 OR 91% 35% 41 37% 36% 89% 35'A 1041% 103% 34% 36% 104 104 J/4 33% 26% 105 % OO 29 10l3/4 103 103% O "I 101% 30% 101% 99% 40% 111 35 84 79% 34 99 29% 101 47% 95% 393^ 1063/4 105 86% 29% 100% X45 112 107 5% 191 82% 164 37% 88 4% 18 99 84% 32% 101% • ' 33 V4 x90 133 3/s 37% 36% 33% 155 155 155% — * _ 33% 87% 91 ,88% 91% 831/2 87 40% x35y8 38% 32 3/0 7 17% • 30% 38% 307/a 33% 85% 37 3974 89 85 88 847/e 86 34% 37% 35% '38% '43% ' 7 .21 42 31 ' 51/8 19 98 38% 106% % 7% 213/4 46 158 32% 30 _ 40 ' 104% 6% '95' 88% 112 93% 89 '37% *73/8 20% 99 106 27 "35% '6% ,22y8 47% : 363/4 42% 103% 104" l-7% 98 113% 32% 109 : 27% 6% 21 y2 . ' 373/8 40V8 113 112 : '21 * "86% 84; *8% 23% 7% 23 156 110 100 Corp A 36 V2 *40% 97/a ,23% 44% . 145 —12.50 A— - __1 series 20% , 39 % 92 -100 Chicago RR 1% 7% * 8% 20% 89% ; 923/4 preferred series preferred Joy Mfg 92% 1 42% Jones & Laughlin Steel 5% 83 _• Johnson-—— & 4% Joliet & 20% 100 preferred— Johnson 8% 19% : ; • Johns-Manville Corp " 7% 20% _100 : i 9% 19% preferred—— cumulative 3 3/4 % 8% <■* Jaeger Machine Co common; Jersey Central. Power & Light Co 3674 30 % 363/4 32% 393/4 12% 14% 11% 13 92 90% 93 ( K Kalamazoo Stove Kansas & Furn City Power preferred 3.8% 10 Co Light <Sz 100 4'A cumulative preferred Kansas City Southern Ry Co 4 % non-cum Kayser Class 14 15% 15 17 16% 18% 17% 21 18 19% 17% 1874 15% 141/8 15% 13% 15% 90 93 91% 95% 961/4 971/4 96 98 97 97% 95% 96 90 92% 92 95% 90 94 233/8 23 24% 29% 2 7% 36% ~J"8 43% 483/4 51 43S/8 51 51 59 57% 59 13 14% 15% 15% 16 3/a 15% 18 2r>% ♦ 100 Co^ & Kelsey-Hayes Wheel 17"% 91% 51 ' .2>7% 54 5 class conv 15% 16% 1 >22% 24% A B 1 Kennecott ♦ Kern l83/8 xl5 20 % 21 % 17 49 Co <45 42% 46% 21% 205/a 20 Va 17 ; 44 173/i • Z.- <Tj* 36 4j 23 19 "' 21 .17%" 57 47% 51 38 533/a — '36% 193/8 38% 39% • 4% 2nd conv Cum preferred preferred 4% (S S) Co Kresge Kress (S H) Kroger Co & 20% 100 - 97 1 103 % 92 % 19 100% 21% 933,4 25% 13% 11% i:% 11% 123/a 70 75 63 % 72% 63 67 10 30% 343/4 29% 31% 30 100 series 20% 97 13% _* 4274 38% 46 393/4 48% 35% 46% 36% 401/4 541% 56% 54% 56% 55% 57 53 55 51 543A 17% 15 3i 163/a 151% 16'i 151/4- 161/4 151/2 17% 14% 16% 13% 15% 24% 23 5/4 26'/a 23 25% 23 25 24 26 23 25% 20% 23 223/8 19%" 22%~ 18% 20% 17% 20% 17% 19 % 16 18% 15% 163/4 56% 60% 52 60% 53% 575/e 42% 46'A 40y8 46% 401/a 451/4 43% 443/4 533,4 58'/2 55% CO 46 50 " 45 47 3d 42 J " 42 205/b 24 r. S2 22% 60 45 '48% '44'% 46% 42% 45% •441% '4574 • 55 '60 53% 593/8 433/i 45 43 44'/2 ♦ 12 14 69 32% 35% 331/2 36% 12 13 13 13% 11% 14 12 143/8 65% 68% 66% 68% 65% 69 631/2 67 33% - 13 67 36% 32 36 32 34% 3214 35% 33% 373/a 31 363/a 291/4 32% 94 89 91 94'/2 91% 94 93 95 93 95 94 95% '901/2 : 913/4 94 •90% 92 89 913/4 3g 341/2 37% 36 '/a 38% 36% 393/8 35 37% 35% 363'4 351/8 36% 135% 385/4 35% 38'A 51% 50 52% 49% 56% 54 56% 53 58% 51% 53% 51% 54% 56 52 56 x44 46% 41 45% 41% 43% 43 45 VB 42% 47% 44 47i/e 441/8 45% 43 % 461/s 43% 451/8 49 40% 47% 47/s 53/8 4% 5% 43/4 10 % 21% 9% 47'/2 48 42% 44 39 41% ~ 5% • 5% 4% 1st 5% , 6% __3 24 26Va 23 2434 23 100 95 '/2 96 9 9% 11 9 9% 9'/2 " 9% 12 8% 97/a 8% 22 23% 12% ." 14 203/4 13%' 48 503^ v 21'. 22 V* 21 24 13 • 12% 13% 12% 14%"" '48 491/2 51 x52 % 49% 97 .24% • 98% 40 24 25 3/a 43 263/4 243/i * 50 3/8 29% " 27% 40% 96% - 53% 29% 39 % 39 '96 6!/o x5 5% 29% 26% 37" 26% 24% 26%" 98 42 43% 28 25 26% 251/e 303/o 25 29 25% 39 38 41% 39% 431/2 35% 40% 35'A 37 24% 23% 243/B 23 24% 215/8 24 213^ 24% x237« Ve 1 27 99 98 12 Va 11% 13% 11% 12% 11% 13 115/s 12% 11% 123/a ll'/a 12% 10% 12% 10% 11% 35% 32% 36 33% 351/2 34 3G 34% 36% 36% 38 363/a 28'% 34% 38% 37 39 4% 6 3/a 4% 3% 2% 97% 5% 73/8 l7/8 2% 2 2% 1% 2% 2V'b 3 97 3^ 6% 734 2% . 99 96 ' 97% 95 95 / 90 6% G% V.Va 6 7 5 V2 6% 5% 6% 3% 4% 8% 4% 33/4 4% 3% 4 2% 3% 3 % 4 Va 19% 21- 23% 2P % 19% .23% —* 57% 7T4 —1 44% 49y4 413/8 463/8 '41% 10'/2 11 y4 95/a 10 34 9% '103/8 19y4 16% " 1734 '18% 19% 56y4 47% 51% . 47% 5 _• 50% 7 CVa 7% . 9y4 6ya , : 19% 73/4 8 "453/4 ' 93/4 8 34 38 y2 32% 46 9% . 9% 19- 52 48 23% 21% 23% 35 ?c 89 .9% 48 3/8 56 50 ya 55% 47 10 12 IOV2 11% 10 20%. 19% 24% 26% 22% 523i .48% 53 56 % "93/8 34% 34% 87% 83 86 3.4 '168 174% * *10 25 87 —100 170 _* ~ 38 91 173y2 84 165% 37 41 9y4 59 107/a 66 168 % 167 56% 10- \ 1743/, 39* 41 8% '* 82 431/4 9ya 60 '551/4 11% 42 .10% 61 61 10% 9 ,24% '55 , ' 9 10% 37 10% "36 38 y4 x84 934 34 10y4 37'% : 68 Xl854 79% 82 80% 84 x79% 19% 231/4 133^ i6s/u 13% 16 Vs 16 : (The) cl A 157/8 18% 153/4 171/2 157/b * 61 '/4 68 y4 57% 64% X57% * Lorillard (P) Co— 23y4 10 preferred 18 '/4 25y4 193/4 148 * 22 23y4 50 x42y8 44% 39% —1 ser 23 '/4 25% 20 94 96% A (Ky) series 2iy8 181/8 145 22% ' 21 % 18% 19% 66" .63 25 257/a 19% ,19 148% 22% 147% 21% 68% 64. 42 51% 42 18 20 .80 85 19% 67% 28y2 17% 64 26% 19> 20 150 148 23% 83 '233/8 203/4 - iy4 213/4 201/4 16 '/2 67% , 63 287/a 20 . ' 25% 19% ■ 1521/2 151% 23% ,241/2 23% 245/8 20% ; 23% 73/4 83/4 49 % 42% 48% >43% 9 10'/a x9!/a 10% 8% 93/8 .22% 23 3/a 201/a 23% 20% 22% *67 4 6 Va 193/8 3334 35% 33% 35% (86% 88'A 85% 88% 85 88 '/a 171 168 171% 38 37 38% . 36 • 9% •60 34 x39'/2 170 44 3/i 39 42% 17 18% 417 18 73% 77% (733/4 75 24 '20% 23'% 24 % 29% 21% 233/4 24% 23% 25 1934 145 10 ~ 217% 36 '93% 24% 40 43 1934 38%* " *241/8 * * 95" 92 231/2 19% 43% 493/4 '31% 94% *25% *94 94% 95 97 23% 21% 23 5/a 20%' 24% 37% '20% 45 27% 46 X291/4 50 357/a 46 28% 213% 146 241% 23% 24% 20 Vs 22% 153/4 16% 17% 15% 17-% 73% x69 68% 75% ' 203/4 xlGVa 18% 15 16 14% 15% 14% 15% 62 ' 66'A 61% 663/4 63 67 y4 .24% 20 144% 281/2 21 146 % xl8 25 y4 19% 21 138 147% 19% 191/8 1463/4 233/4 203/8 154: 25 49 44 48 3i 431% 4638 .423/4 46 34% .30% 34% 271/4 ,31% 251/8 293% 97 98 Va 98 98% 97 97% 22 24 .19% 22% 19% 21% 39% 37% 391/a .30% 1069. 38% 19%: 154 83/4 45 17-% 26 10% 40 % 6214 20 83/4 44% 151/a 149 8% 60% 593/4 30% 33 46% 66'/a 17% 21% 161% 8 57% 64% 156 43% 93/B 70 157/8 > 11% 515/8 8 65 61'/4 19 39 9% 45 67 18 26% 163 .343/4 11% 64% 153 531/4 157,. ; 41 16 1977a 48 90% 61% 28i/4 - 9% 193/4 158 8% 46 p 71/, 68% . 75/8 9'% , 80 •171/2 x78 ' 2 J 3/, ' 11% < 25V4 23% 100 A 9',4 .46 8% 9% 163 43 ■ 3 23 ' 53*% 170% 40 21% 37% 86 * Co & Sons Inc 21% .19 141 149 2334 18 145 19y4 100 203/4 62 85 20% 80% y2 70 21% 18 34 79 167 .101/4 193/4 21% 83 170% r. 8 23% 795/a ; 243/4 49 .. 90% 88 i 12% >21% 49 20' 897'8 43% 55% 363/4 18 85 10 .21% 9 Va 34% 53% 377/3; : .8% 5% 50 *50% 22% 49% 35 23 ,%.. 25 % 93 y2 9% . 9 / 9% 373A. 261/e 73/4 45 .22'A 56 10% . 50% 9% ; .253/8 8% 47; 10% 47% 3i 934 345/s 165 8Vs ; 11 50% *■ 10 51% . 39'/8 48% 31% 193/4 8% 22% ,23 »/2 13% 45% *28% . 26 y4 46% 63'/a 337/8 * 173 12% 70%; 215/8 1 ' 167 ; 881/4 .42 47 '13% 663/8 297/8 36% 85 . 1713% 42 :n% 12% 100 Aircraft Corp: 88 169% 44 * ' 23% 10V4 8'% y2 25% 503/B 103% . 31% 9% 25% ' Lone Star Cement Corp 2% 45 ' 4V4 % cum preferred Lukens Steel Co .> 45 25'/a 10% 5'/2 preferred Co 6'A 18% 97/a .10%. 33% * RR 4% 17 / 10 34 4% ' (Del) 42% 12 37«/4 ; 50 : Electric 46 6% 207/8 3334 53/8 Liquid Carbonic Corp Nashville 42 5% 18 xl0% 10 "■ * & 12% 30% 4% Co— Louisville 7% 19 3/i 10% 5 Gas 45 47% 6% 13/ ':i03/i 35 6'/4 Corp Louisville 43 8'A 10 —_1 Liggett & Myers Tobacco Co 7% preferred L Lily Tulip Cup Corp—*. Gas & Elec 11% 7 3iya 5 Louisville 20 10 34 471/2 44% 253/a 18% 12 /11 J/4 29% 45% 8 Va 20% 7 107/a 17% Long Bell Lumber Corp 52 * V '8 18% 9% 26% 47 ' (M) 45 37'/2 5Vb Corp.— Lowenstein 5% 56 loy8 50 : Libbey-Owens-Ford Glass Co Libby McNeill & Libby & 0% 51/2 38 41 ya 32 ; cumulative ,43% 35s/a x53% 10 Lerner Stores Corp 7% 55/8 23 11% . 53 25 ' 2nd preferred (The)—: Inc 6'A 6% 10 ya 24 93 -4 * 28 Va 5 __ Products Corp.— convertible 55^ 534 20'/a- 23% 1 Corp Co ' 1/64 35 50 non-cum Locw's ■ 323/8 preferred—, 3%% 96% 12 % 65% 46% 11 y4 $3 Lockheed 93 y4 14% 68% 50 22«/2 preferred Oil 99 11% 67 36% 9»/2 Non-cumulative Belt 92% 14% 69% 943'i common..'.., Lima-Hamilton 98 92 57% 13% 67 451% 10 Lehigh Coal & Navigation Co Lehigh Portland Cement Co Lehigh Valley RR Co Lehigh Valley Coal Corp.. Savers 22% 32 21V, — 50c 20% 15% 94 » : (James) & Sons Co 3.85% cumulative preferred— Lehn & Fink 22 4034 ♦. & Tire Lehman Corp 95 13% 19 Xl3% 95 1/256 Lees non-cum 104 12% 20% 38% (The) Co 95 - 163% 49% American— preferred Rubber 104% 22% 20% 48 75 pesos Mex Lane-Wells 102% 22% ,20% ' 72% 3414 103" 22% 36 _1 A Bryant Inc.— 4%% 101 ' 12% 73% 21 91% 4 S Preferred Co 1013/4 99% 103" 11% 233% • __i i • Lambert Lion " • * (The) Consolidada Link 54s4 „ 43% 203/b ,67% , Rights Life - ■: 10 Co Laclede Gas Light Lee ; 39 60 14% * Kinney (G R) Co Inc $5 prior preferred Koppers Co Inc— Lane 4 4o 3/a 56 « Kimberly-Clark Corp La 20 3 39% 20 ■ 447a 601/3 223/4 ' 101% 38'/o 58% 15 % .' 23% 21% 514 19% - 98% 22% 21% ; • ■ » New 23% > 5 Copper Corp County Land Co-__ Keystone Steel & Wire x89 100 preferred (Julius) 15% 91 Co— j»96 18% 98 22% 243/4 23 25 23% 42% 441/2 37% 44% 37 '25% 287/a 22 5/« 26'% 207/8 233/4 95% 95% 92 93 91 94. 23 17 21% 17 381)4 X351/4 36% 130y4 130 y4 24 -19% • 24% 41 ,, 18 M MacAndrews 6% & Forbes preferred —10 Co— -100 — Mack Truck Inc * New common—— Macy preferred series A— -100 Manati Sugar Co Bros. Manhattan M&racaibo * _i 1 Corp _1 Parry Corp Mathieson 100 11% 12 38 % 49% 521/4 33 32% * 36% 3 8'/2 1.39 139 49 38% 36% 36% 36% 101 % 12 132 xl35 137 137 130 98 .~8 9% ~9ys _i7% 10 1% 93/4 83/4 9% 26 20% .24 5% 7 3/8 191/8 213/8 26% 251/a 27% 21'/a 26% 20 22% 18% 36% 353^8 39 7/a 3 6 34 3934 35 381/4 3334 363/8 33 3% 100'/4 100% 102 5/s 102% 103% 100 1021/8 101 Va lOl'/a 13% •16 34 13 153/8 13% 14% 20 34 20% 24 21% 247/8 13% 13% 15 11% lOV'a 525 9 8% 91/a 83% 9% 91/4 10% 23 23 24 53/4 6% 6% 7% 187/a 21% .20% . 8% 9%. 22 IO1/2 967/8 97 94 % 95 94% 13 10 12 lO'/a 171/2 20 17% 19% 117/b 13% •12% 13% 12% 15i/a 12 15% 14% 21 213/4 241/2 21% 25% 22% 24% 243/s 27% 24% 97 10"% 983% 98% 173/4 10% 934 9 "7% 83/4 22% ,223/a 32% 21% 2034 26% 100 14% 30% 98 y2 10% 24 19% 133/B 361/a 11% 23 163/4 ,97% 18% 30% 20- 10 .8 21% 135/n 36 12 21 251/4 101 19% 33% 21 131/a 16% : ~8% 29% ■' 100 7y8 16% 26% 100 213/s 17% 8 163/4 28% 7 16% 23% ' 103% 100 193/4 15 1338 23 7% 17 27% 101% 18 ** 18 11 23 20% 17 9% 9% .634 17% 16% 21% 37% —. 19% 98 10 71/8 ! 130 12% 22 163/4 15 36% 130 20% 12 13% .22% 99 ~8% 14% 6% 18% 37 133 •191/4 24 161/e 101% 13% 03/4 16% 14% 157/a 13% 23 10% 15 7 123/4 ' 22 3/i 16i/a 6S/8 20 71/2 15 i 12% 2334 12% 7>/4 714 14% 20% 24 16 ya 6% 13% • 6% 67/s j 36% 129 101 520 151/4 : 131 . 7 22 38 50 — 525 23% —100 9% 11% 8% 20% 22% 21% 22 10 3/8 23 10% 8% 10 2iy8 17% 20 8% 113/4 8% 213/i 24% 20% 9 7% ■6% 7% 17% 17% 173% 17 24% '• "8% 201/a 67'8 99 ~6% 8'/4 163% •14 490 7% 10 3i 10% 520 6% 11% 24 7 7 12 - 500 7% 8% 15% 18% 75/8 8% 19% 21 7% 6% 71/8 6% 7 17% 16% 17% 16% 17 • 26% 23% 25% 23% 25% 223/a 253/4 22% 23% 100% 94% 98% 94% 95% 94 951/4 92% 96% 153/B 12% 153/b 12% 14% 13% 9% 9% i Co__. 11% ! Chemical Corp 18 19%* 15% 18% 15 19 163/4 19 16% 193/8 xl634 18% 16% 18% 15% 17% 1434 161/2 14% 17 12% 15% * 115/a 14 55 60 y4 47% 56% 48 54%:: 541/4 671/a 641/4 69% 62% 6934 61 651/2 55i/4 6334 55% 62% 55 625/8 21 ya 55% 24 201/4 58% 23'/a 57% 1 Corp^ Electric 9 'A ,11 21 Va 5 _+— prior pfd -100 preferred— Master 17% 30% 13% 7% Martin#(Glenn L) Co Masonite ll'/a xl6% 6 Vs ♦ 4!/4 % 101 101 12% i8ya 23 ya Co Martin 101 y2 i7y4 1 -6.25 & 37 50% 142 .45% 333/4 ,31 '11% III 5 Co— Market Street By Co 6% Field 100 ♦ ^ Oil Exploration Corp Marine Midland Marshall 1 1 Inc Shirt 36 142 49% 50 Corp Marathon 363/4 ziio Mahoning Coal RR Co— Mandel 37 142 43% 24% 33 ± Madison Square Garden Corp— Magma Copper Co Magnavox Co, (The)— . 52% —5 (R H) Co Inc 4 V, % 36% 142 — .48 57% 25% x21 * ,7% preferred ^—100 ^ Prior to April; 1 .-ns; known as —— 291% 175 33 176; 27% 175 22% 31% 175 193/4 29 175 22 .21 31%, 175 29% 172 33% 174 22% 32% 172% 271/4 37% 174 24 333/4 172 26% 353/8 173 231% 34 170 3% 39% 172% 36% 171 23 V4 393/8 172% 20 3% 343/i 170 21% 38 170 20% 35'/4 166 21% 45 169 18% 35% Xl65 21 40% 167 18 363/4 171' 19% 39% 171 Mathieson Alkali Works May Department Stores Co— $3.75 preferred $3,75 . cum $3.40 cumulative 5 ... preferred series preferred 1947 ! 38 Va 413/4 36% 42% 35% 42% * 85y4 89 % 851/4 87% 84'% 86 .* 85 89% 84 87 84 86 823/4 85 823/4 80 83 * X81% 40 47% 44% 473% 40% 47% 84% , 88% 88% 92 91 93 9iy4 89 883/4 92 91% 93 90 921/4 91% X871/2 85 77% 82 81 841% 82 841/2 83% 84% 77% 46% 45 41 87% 43% 40 44 41% 44% 39% 45 38% 41% 92 8^8 891/2 86 89% 855/8 89 87 88% 9iya 85% 891/4 85% 87 86 88 87 89 81% 771/8 78% 77% 79 79 81 82% 84% . 10 1948 " January ,LoV High < STOCKS Low $ per Share Maytag Co (The) • preference 1st preferred McCall Corp Rights McCrory 3%% • Electric Co Robbins & Corp 4V*% High 10% 11% 11 x9% High $ per Share 33 10 36% 111 28% 110% 110% 110 111% 40%. 39 41'/a 110% 110% December Low High $ per Share 8% 10% 37% 39 23 $40 first Co 28% 27 22'A 27% 21 33% 32% 33% 31% 33% 26% 32%' 26% 31% 91% 89% 92 94 97 100% 94% 100% 98 Va 101% 98 99% 98 99% 93 99 94 95% 92 95 91 93% 39 42% 36% 40 39% 38% 41% 39% 42% 36% 40% 37 40% 37% 38% 34 Va 37% 34% 37 20 35 Va 31% 36 26(4 28'A 24 % 26% 29% 27% 31 28% 30% 27% 29% 26% "26% 23% 27 27% 50% 49% 52 32 34% 32 tV 28% 24% 24% 27% 24 47 51 47% 51 46% 49 46 27% 48% 25% 52% 46% 48% 41 Va 46 41 35% 50 32% 28% 32% 35% 32'A 34% 31% 32% 30 31% 30% 32% X30% 32% 29 Va 95 90 91 88 88 88 92 Va 90 Va 95 23% 22'A 23'A 22'/a 23% 20 21% 19% 21% 20 19% 20 Va 18% 20 15% 19% 20 17% 19% 16 19% 15 16% 92 86 Va 88 Va 81% 84% 82 84% " 40 36% 38% 32 Va x37% 31% 34'A 23% 20% 23% 20 Va 87 93'A 90 92 91% 92 92 95 94% 98 94 98% 94 96 92 % 1 19% 21 % 18% 20% 19 21% 21% 23% 23 24% 23 24% 22% 24% 22% 22% 20 21% 19 20'A 19 19 21 18% 19% 18 24% 19% 22 19% 21% 20% 21% 20% 23% 20 16% 19 16% 19% 19% 20% 19% 23% 19% 22% series)_100 91% 94 87 90 80% 86% 84% 90 90 95 94 96% 92% 95 91 93 90 (1st series) _50 393A 41% 36% 40% 37 41% 41 43 42 46% 39% 46 38% 42% 36% 38'/a 36 . % 27% v 45 31% 21% 22% 24 20'A 22% 21% 22% 22 22% 22% 23% 22% 25 22% 24 22 % 24 22% 23% 22 % 16»A 18'A 14% 17 15 16% 15% 18% 17 % 19% 17% 19% 15% 17% 15% 17 14% 16% 14% 16% 12% 15% 11 Va 14 60% 54 58% 53 55 50% 52% 49'A 51% 47 50 18% 16% 18'A 16% 17% 15% 52% 17 Va 50 Va 15% 17 13'A 16 12% 14 ~8% 50 54% 57% 52% 55% 53 55 54% 58% 57% 62% 58 3.66% 12% 14% 12% 14 12% 14% 14 16% 16% 18'A 16% * 43% 483A 48'A 49 48% 50% 48% 49% 49% Trans xl0% / 50% 9% Inc Co dividend 9% ~9% 9% "9% ~9% "9% ~9% ~9Va ~8% ~9% 61% "8% 8% ~8% 50% 47% 53 53 58 55% 62 60% 62 58% 63"% 58% 61% 56 Va 57 61% 57% 61% 88 89 89 90 88'A 90% 91 95% 93 94% 89 89% x87 Va 88 86% 87 85% 87 86 20% 18 20% 19% 23% 22% 25% 24 27% 23% 267/a 22% 24 22 24 22 22% 19% 21% 20'A 36% 39% 36 38% 39 42% 41% 44% x42 44% 41% 44% 41% 43'A 38'A 41% 38% 41% 37% 41 Va 35 % 94 97% 97 99 97% 99% 99% 104% 94 99 92% 96% 92 98 96% 104 104 Va 53 88 90% • 19% 22% 17% 5 37% 41% pfd ser_100 100 95% 44% "88 101 98% 99 103% 102 97 101 101% Va 61 56'/a 90 48 * >89 22% 39% 99 106% 15 5 Petroleum 14% 16 13 15% 14% 17% 16% 18% 16% 19% 19% 15% 18% 16 17% 15 17% 14% 16% 13 15% 13% lo Corp 40% 46% 38% 42% 40 47% 46% 62% 61 69% 58 65% 53% 63 52% 59 50'A 56 % 52 59% 42% 53% 42% 47% 38 41 36 39% 35 41% 41% 44% 39% 46% 45% 48 41 47% 40 43 40 44 Va 41% 47 Va 41% 48 40% 51%. 140 137 131% 138'/a 130% 12% 13% Co • 100 Mining preferred 137% 129% 13 15% 12% vtc Co 12 13 % 10% 13% 54% 45 52% 46 93 91 94 93 61% 1 100% 13% 15% 11% 115% 118% Mills 16% 15 20 1.25 _ 37% 9% 44 36 38% 34% 11 9 9% 24% 27 25 26 Va 54% 61% 49% Co 5 Co preferred $3.25 div 5 4 11% 14 11 12% 10% 13% 10% 12'/a 43% 46% 43% 49% 46% 50'A 47 49 88 91 88% 92 89'A 93% 90 91% 87 67 Va 61 101 % 12% - 55% 102 115 109 108% 12'A 78 67 69% 104 16% 15 14% 15% 119% 116 119 69% 103% 102 103 64 71 67% 102 15% 119% 115% 70 67% 104% 18% 117% 72% 72 105% 100 18% 15% 118 121 59% 102% 17% 121 5% 4% 19% 36% 73% 7% 7% 8% 24% 22% 25% 23% 34 28% 32% 39% 24 38% 6% 21% 5% 41% 6% 42 39% 42% 39 41% 36% 6 69% 7 9% 53% > 60 41% 100 Va 17% 109 49 16 14% 113% 62% 120% 57 x50 5% 7% 20% 28% 21% 40% 36 40% X33% 8'A 39% 0% 5% 30 6% 24 % 41 68 104 12% 117% 64% 83/a 39% 60 Va 100% 69% 58% 99 121% 31% 6 Va 89% 15% 53 59 24 45% 87% 116% 119 50% 10% x42% 90 V* 12 18 '/a 14 % 115 57 62% 66% 70 100% 98% 102 100 9% 9% 48 % 42 Va 96 21% 4% * preferred series B 13% 50% 91% 25 36% 11 10% 9% 12% 11% 12% 12% 15i/8 12% 14% 12% 14 12% 13% 11% 12% 9% 12 Va 97/a 28% 25% 28% 26 29 26% 29 28% 29% 24% 29 24 25'A 25 Va 26% 25% 26% 22 Va 24% 58 9 24% 57 61% 57 59% 47% 54 54%. 45'A 54% 45'A 48% 57% 59% 52 104 106% 115 121 118 122 114 119% 110 105% • ser A 10% 46% 13 11% 13% 111% 110 112% 110 111% 111% 112% 110% 112% 51% \ 135 128 134 11 12% 59'A 50% 13% 137/a 98 57% 42% 133 133 12 52% 111% 5% 14% 11 13'A • Inc Mojud Hosiery Co Inc Chemical 53% 12% 94% 114% 17% 135% 138 15% 47% 10% 4% 140 13 11% 111% 15'A 15% 96 15% 49 13% 56% 116% 113 16 94 Va 61% 61% 101% 101 • A Tool 49% 54% 102 100 Co RR series Machine 61 57 70 101% 10 Corp 11% ' 99 xl35 139 13% 15% 9% 96 9% 134% 138 17% 48% 53% 88% • Implement Co 13% 14% 50 • $6.50' preferred Missouri-Kansas-Texas 13% * 100 • Minn-Moline Power 14% 132% 133 130 134 3 Co series A Mfg & 133 • "A" Reg preferred Carpet 36% 49 Co preferred X93 30% : Minnesota Monsanto 25% ft 30'A 50 preferred Minneapolis-Honeywell Mohawk 26% 33% 18% Minn St P <fc SS M class Monarch 35 30% 34% 8% 1st preferred : Minneapolis <fc St. Louis Ry Mission 28% 35% 21% (1st Products conv 37% 32% 1 Mid-Continental 3.20% 34 36% 1 Co Steel 39% 32% 48 Inc Copper 33% 33% 20% preferred series Midland 36% 29% 10 Metropolitan Edison 3.90% 4.35% 33% 29% 30% $3.50 cum preferred Merritt-Chapman & Scott Machine 35 27% 1 Miners Co 32'A 28% • liquidating & 35% 25 48 Co< preferred Merchants & Cum 10% 39%' * 2nd preferred Mercantile Stores $4 Low $ per Share 110'A 110 110 November Low 32 34% Shoe convertible 7% 40'A 39% 40'A 111% October . $ per Share 4iy2 45 Corp Mengel Co (The) $4 11% 10% 11% 39% 110 110% September High Low 28% 33 (The) cum cum Melville Miami 10% 41% 110% 110% $ per Share 88 * ; McQuay-Norris Mfg Mesta 110% August High Low High $ per Share 11% 11 40 41% 40 40% 111% Low High $ per Share 12% 9% 10% 39 110 39% 111 Low High $ per Share 18 McLellan Stores Co Merck 97/a 10% 38 110% .Low —5 Inc preferred cum Ex 9% 10% 41% 112 High $ per Share 1948 - July 2b 1 Publishing Co Inc Mclntyre Porcupine Mines Ltd 5% 9% 40% 110% Low High $ per Share RECORD June May 351/2 * McGraw-Hill 4% 433/3 112 Low High April Thursday, January 20, 1949 1/64 McKesson Mead io3/4 43 111 Stores Corp 1 cum convertible preferred__100 McGraw $4 10 • • . $6 March $ per Share &' FINANCIAL CHRONICLE NEW YORK STOCK - February •'it , $3 COMMERCIAL THE (358) 60% 52% 54% 49% 106% 108 101 108% 105 109% 100 104 107 120 110% 107 109 Va 108% 110% 106 110% ' 104 99'A 108'A 105% 10 Co 5 10 Va 10 Va 10% 10% 9% Montgomery Ward & Co Inc • 50% 54% 48% 52% 47% 55' 54% 58% 57% 65 57% 65 53% 60% 52% 56% 52'A 58 »/a 54'A 59% 52% 59% 52'/a 58% Moore-McCormack 5 13% 15"% 13% 15% 13 15% 15 16% 16 Va 17% 15 16% 14% 16'A 14% 15% 12% 14% 11% 13% 10% 12% 10 11 Va * 26 11% 27 24% 26 23 24% 23% 24% 24 25 24% 25 25 25'A 24% 25% 23% 24% 20% 24 20 22% 217/a 24 13% 11% 13% 11% 13% 13 13% 12% 16% 14% 17% 15 V4 18% 14% 16%. 16 18 17% 18% 14% 19% 19 21% Montana-Dakota Morrell (John) Motorola Utilities Co & Products Wheel 20% 19% Co 1 17% 19% 1 22 25 % Corp • class B common Corp Receipts .. 28 26% 29% 27% 29% 25% 29'A 26 Va 28% 25 27% 24% 28% 23 Va 26 23 21% 21 23 21V* 22% 19% 21% 19% 21 19% 20% 19% 20% 19% 21% 19 19% 20% 20% 21% 20% 23% 20% 24 19% 21 17% 20 19% 20% 16% 19% 15% 17% 22% 20% 24% 22% 28% 28% 33 28 21% 33% 18% 27% 32% 25 Va 30% 26 30 'A 15% 24 26% 19% 21 16 19 17% 19% 24% 19 - 24% ,__ preferred 101% 108 * Murphy Co (G C) 4%% preferred Murray Corp of America Cum preferred 4% series Myers (F E) & Bros 105 5 ... Munsingwear Inc 13% 14% 35% 37 107% 111 14% 17 k. 41% 42% 1 100 — 10 50 • . 50 Va 55% 106 • 13% 11% 33% 37 108% 111 13 37 35% 105% 14% 12 12% 37% 45 40% 110% 111 109% 37% 111 109 109% 107% 104% 106 12% 12 12% 105 106 14% 44% 13% 41% 44% 107% 112 105% 107 12% 109 - 12% 12% 52 i 16% 110 15% 14 13 10 39'A 42 39% 42% X38% 107% 42 Va 40 108 12% 12% 113 112% 122 11% 13% 14% 16% 15'A 112 122 12 109 108 Va 109 % 109% 39 41% 11% , 40% . 109% 110 111 15% 13 14% 13% 15 13% 16% 15 16% 13% 16% 13% 14% 12% 14% 40% 39 40 38 40% 40 43 40% 42 39 41% 37 Va 37% 51% 43 50% 52 50% 53 52 54 52 ..'54% 52% 55 53 * 13% 15% 12% 14 35 38 34 35% 53 35 Va 51% 38 13 39 50% 40 50% 102% 104% 34% 108 15% 40 100% 11% - 24 "20% 25% 21% . II $7 9% 11 14 Va 23 5 20% 19% 25 Corp Brass Mfg 3 1 Motor Mullins Inc Inc Motor Mueller Lines 52 52 50 53% N Nash-Kelvinator Nashville Chat National Corp Acme 5 100 __ L St & Ry Co Co— 16% 17% 22% 1 1 ___ 25% Airlines National Aviation National Battery National Biscuit L_. Inc Automotive Fibres 15% ; 1 17% 16 19% 18% *21% 16% 20% 16% 19 Va 15 18% 22 26% 25 27% 25% 27% 23% 27% 17% 24% 18% 24 % 27% 26 V* 32% 29% 32 23'A 30'A 23'A 27% 26% 28% 25% 28% 26% 28 25% 26% 24% 27% 22% 25'A 23 27 20'A 24 18 9% 7% 15% 7% 10% 8% 9% 10 9% 11% 12 Va 11 13% ."15% 12 13% 11% 13% 13'A 17% 147/a 14% 29% 33'A 29 34 % 33 36% 36 26% 28% 26% 28% 27 28% 27% 40% 29% 30% 28% 100 167 169 8 9 67A 41% 37 8% 8% 6 8 13% 11% 12'A 13% 11 27% 29 Co Gas 1 7 -34% 37 33% 12 9 167% 166 164 % 10 * 1 Dairy 7% 11% 9% 35 _1 National 10'A 7% 10% 11% Inc Cylinder 9% 9% 10 32% National Container Corp National 8% 16 10 Co Lines 8% 10 _ 7% City . 4 Corp National National 9% 9% 16% Co preferred Can Corp National Cash Register Co ■ 8% 1 Inc 14% 16% 20% 24% 17% 24 18% 16% -r, " National National : 14% 23 27 20 29 27 >13% 6 11% 171 9 168 ' ' 37% 39% 170 171 7% 387/s 39% 6% 6% 11% 12% 10% : 45 29% 28 30% 8Va 167% 170% 7% 8% 42% 46% 9 Va 48 x45 - 5 6'A 4% 10 9 Va 12% 12'A 10'A 41 35% 40 Va 35 36 32% 29 Vi 32 29'/a 31% 4% 6% 4% 12 10 Va 11% 10% 12% 11% 12% 10% 12% 11V4 12% 38% 41% 37% 41'/a 38 Va 28% 30% 29% 31'/a 164% 165% 7% 6% 7% 11 7 163 , "k 30'A 7'A 46 >A 7% 6% 42 Va 42 >A 44%' 5% 11% 172% 167 7% 35% 10% 9% 170 164 165 162% 167 6'A 46% 42% 6 44'A 5% :/' 7% 32%, 40 6% 7% 6% 7% 6% 7'A 8% 6% 12 12% 11% 12% 10% 11% 9% 10% 10 11% 9% 11% 9»A 9% xll% 13 Va 12% 13% 12% 13 12% 14% 12% 13% 12% 13% 12% 13% 10% 12% 28% 31% 28% 29% 26 28% 13% 13 41% 175 Va 172 46% 14 20% 13% 7% 12% 13% 12% x28 Va 9% 8% 13 Va ' 42 38 171 8 8% 7 16 Va '26 7 ■; 9 Va 7% 12 9/;/• 6% 6% 8 7% 28% 24% 28 27% 29% 26% 32 30% 27% 29% 27 29% 26 15% 17% 15 16'A 16% 18% 17% 19 20% 16% 19 Va 16% 18 16 17% 15% 16% 15 16'A 14 191% 21% 18 20 14% 18% 16% * 21 18% 21 % 18% 31% 21 22% 30 Va 5 National 19% 21% 19 20'/a 18% 19% 19 19% 18% 19 Va 17% 19 17% 18% National Enameling & Stamping Co__* 38 % 43 37% 39 39 43% 38 42% 39 42% 39 42 '40 43 43% 49 47 52 50% 57% 53 'A 57 12% 13% 12% *14 Va Products Corp National Department Stores Corp Distillers Products Corp New common National Gypsum Co 7% 19% 15% 18% 15% 18 16% 18% 16% 95 87 93 88 93 91% 94 91 Lead ; 10 Corp 100 100 ._——1 Co preferred B Service National Linen National Malleable & Steer Cast 34 36% 166 173 166 172'/a 170 139% 136% 145 136% 147'/a 138 7% 15% "18% 6% 7 6 Va 6% 16% 19-% 18% 22% 7A if \l % 21% 23% 23 % 6% .16% National Power & Light known National as Steel National Bond Tea if 22% 86% 90% 91% 25% 23% 94 23% 25% 20 X22 16 17% 15 17% 15 18% 15% 18 15% 17 95 94% 95 89% 94 85 91 88% 93 92 95 35% 170 36% 176% 147 Va 140 31% 145 6% 24% 6% 6% 6% 22 Va 7 :fI 38 177 24% 20'A 24% % 1 • 25 24 30% 30'A 35 % 30 x32% 167 162 167 165% 170 165 Va 170'A 132 136 130% 135 130 134% 131 137 6 % 6% 6 6 22 ' 24% ' 20% 13 23 V* 22 % 101% •24 ': Va 6V4 21% 6 23% 6 23% if 22% 24 35'A 30 Va 163 140% % 22% 33 169 135% Xl63 1 23% • 33% 31% V 18 if % 5% 6% 22% 6% 17 18% * if 22% 24 Va 23 if 19% 21'A 24'A 23% Share & 125 — Refining Co. (The)—* National Supply Co (The) Penna—__10 4Va% cum preferred 100 National 23% 19% 93% known Sugar Corp % 20% 1 22 ___* Corp— Prior to Sept 27 company was National % * Ex-distribution National Shares 16% 96% 172 Va 144 21% 20% 144 X174% 6% • 18% 37% 35 169 134% 7% 17 % 30% 34% 29% 163% 140 136 7% . Co_'_* 32% 35% 15'A lft 96 Va 172 % 29'A 165 Va 94% 20 % 1 • preferred A 6% 16% 93 _1 —___ preferred convertible National . -._____-.__12.50 __ Rights $4.50 X25 22 19% 10 Co____ 100% 114% 99 88% 81% 87 86.% 92% 99'A 94 93% 97 97 87 93 I 22% 23 22% 24 22% 24% 23 25 23 24% 23 V4 22% 23% 21% 23% 21% 22% 20 21% 20% 23 : 18% 21% 20% 23% 21% 23% 20% 24% 22'A 24% 20% 25% 19% 22% 18 221/4 18% 21 16% 20 "Va 17 19% 85% 92 86 Va 90 87 91 88% 91% 88 90 87 V4 90 88% 87% 94 87Vt 90 80'A 88 83 84% Y 24% 22% 28% 26% 28% 26% 30 27% 29% 25" 28% 24 91 25% 21% 24 Va 251/4 21 25% 21 22% 81% 91% 99% X97 - , 85% 112 ' X22 '22'A j !. ' ft % 'A if 1 12% 13% 12% 13% 12 14 13% 14% 12% 15% 14% 15% 12% 14% 12% 13% 12V4 13% 12% 10% 12% 10'A 11 'A i—-—-* 11% 12% 11% 11% 10% 11% 10% 11% 10% 11% 10 10% 10% 11'A 10% 11 9% 10% 9% 10% 9 Va 10'A 9% ' 10% _• 17% 19'A 16 17% 15% 16% 15% 17% 16% 17% 15% 17% 15 15% 11 14% 12% 11% 9 11 9% ;10'A 14 14% 10% 15'A ' National Fibre Vulcanized Natomas Co Nehl Co_ ■—. . Corp Neisner -1 Inc Bros 100 * 3%% _100 New England Electric System —20 N J Power & Light Co 4% pfd ser__10o Newmont Mining Corp. 10 Newport Industries Inc 1 4%% cum preferred 100 Newport News Ship & Dry Dock Co_l 4%% conv Newberry serial preferred Co (J J)—--preferred — . 104 104 28% 31% 96% 98% 94 ' 94 41 % 46% 22 24% 42 50% 88 90 13% 100 . 14 100 28 29% 87 96 % 93 93 Va 38 43 20% 24 13% 101 14% 101 X27% 29 90 3A 93 14% X100 29% 92' 18 101 17% 101 34% 33 93% 92% 17% 19 1021/2 18% 102% 102% 35 33 % 35 93% 95 98 17% 18% 16% 17% 102 31% 91% 101% 103 34 101 31% 33 97 93 95 ll 15% 102 31% 94% 16% 103 12 16 12% 14% 13'A 103 101 102 101 102 30 32 30 33 29 31 89% 92 92 94 89% 96 . 92% 12% 11% 11% 11 12 % 11 11% 10% 11% 10% 11 10V4 11 94 95 95 11 11% 11 11% 96 97% 96 99 95 98 91 95 91 94 96 96 96 54% 61 57% 61% 55% 64 57% 61 52 61 54 63 52 11% X90% 15% 103 32% Va 8% 10% 8 9% <9% 8% 92% 93 93 63 55 .'58 49% 58 20% 23% 23 26% 22% 26% 22 25 20 22% 17 20% 17% 12% 17% 12% 86 90 83% 87% 84 88% 86 88 89 90% 86 86 82% 85 79 84 78% 81 70 78% 70 21% 21 Va 26% 26 29% 28 31% 27% 31 27 29% 28% 33% 27% 32'A 30 Va 34% 28% 33% 29% 16% X17% 16% 14'A -'72% 21 22% 20% 38 41% 15% 36 38 36% 39 39% 42% 38% 43% 41% 43% 38 42% 37% 39% 37 39% 35% 37% 31 37% 31% 34 12% 14% 12% 14% 14 16% 15% 18 15% 17% 15% 18% 16% 18 15% 18'A 16% 17 V* 12% 16% 12.% York New Y Brake Air Central RR • Co * Co— Chicago & St Louis RR Co_—100 preferred series A N Y City Omnibus Corp ^—_100 .„* N 6% York New 5% N Harlem Y New N 5% Power & : & * i—* preferred RR Haven Preferred N Y Dock non-cum N Y & 50 Co HartfRR Co_;_—100 series 100 A pfd ser_100 Y Shipbuilding partic stock 1 Light 3.907® {' 14 32% , York New I'¬ 13'A 42'A 51% 124% 136% 13 15% 39 121 11% 45 126% 14% 113A 20 21 21 49% 50% 132 13% 21 48% 66 129 138% 12 23% 21 23% 63 131% 18 20% 69% 142 • 20% 25 64 129 16% 27 83 137% 18% 27 50 50 220 200 41% 130% * 200 225 54 54 54 54 58 '59 61 230 255 230 245 220 225 200 240 6% 7% 10% 10% 13% 12% 14% 77 92 130 144 17% 19% .23 56% 230 23% , 79% 135 15% 23 88 141% 18% '77'A 88 78% 141 136% 141% 13% 15% 23 23% 51 133 51 12% " 17 "A 24 61 55 55 245 245 255 12% 14% 11% 13% 250 10% 89 70 130 13% 20 86 jj \ 22 51 51 J 15% 20% 21 250 135% 12% 17% 50 .79 130'/a 139* 249 * 70 1 * 51 ' 255 13% — - 10% 11% 7% 10% i__ 7% 9% 21 25 20% 23% 213A 7% 24% 23% 30% 27% 35 32% 36 33% 39% 33% 38% 31 38% 32 'A 35% 28% 33% 28% 33% 86% 91% 89% 91 Va 89 90% 90 93 92 93 91 96 91% 93% 89% 92 89 92'A 87 90 86 91% 91 93 15 17% 14% 15 Va 14% 19% 17% 19% 17% 19% 18% 16 17% 16% 19% 17% 18'A 17% 19% 16'A 19 V* 15% — * „ 17 16% ;i ' ( ■f For footnotes see page 15. 1948 January STOCKS Low Elec & Gas Corp— $3.75 cumulative preferred Noblitt-Sparks Industries Noma Electric Nopco Chemical Norfolk Corp Adjustment American North American Co Co May High RECORD June - July High (359) August Oeteber November Low Low Low Low High September Low High Low f per Share 9 per Share $ per Share 9 per Share 9 per Share 9 per Share $ per Share High t Low High December High Low 87'/4 84 86% 84 84 85% 84% 85% 86 88 84 87% 82% 84% 22% 86% 22 23% 20% 23 20% 23% a 23% 22 25% 25 25% 23% 25 22% 82% 84% 83 84 84 86 1)5 24 22 24 21% 23 20% 22% 20 17% 15 16 15 16 15 3/a 17% 13% 16% 133/a 61% 55 25% 29 253A 31 24 23 35% 30 33 30 353A 30 33 31% 33% 29% 33% 27 29 57% 32% 57% 25 36% High 9 per Share 15% 81 35 11 1948 $ per Share 1 4 Ry April r High CHRONICLE i 100 25% 27 26% 27 26 3/a 27% 27% 28 58% 61% 583A 60 3/a 59% 61% 593A 62 55% 28% 62% 87% 21% 143/4 X25 % 25 _ Aviation 26% 2814 55 59 57% 59% 57% 613/4 59% 62 27% 28 25 263/4 25% 26 25% 26% 25% 26% 55% 26% 10 , preferred—^—— North o FINANCIAL Low High 9 per Share 2.50 Inc_ common-- Co Western & Low High 9 per Share & YORK STOCK March .iV • NEW - February Low High $ per Share N Y State COMMERCIAL THE Number 4770 Volume 169 15 % 17% xl4% 16% 14% 16 15% 16'A 15% 16% xl5% 17% 15% 17% 15% 16% 15 16 3/a 15 3/a 163/4 14% 163/4 14% 8 10% 9 10% 10% 12% 11% 12% 11% 133/a 11% 13% 11% 12 3/a 10 12% 10% 12% 10% 11% 8% 10% 83/4 93 86% 90 85% 88 % 83% 85 84% 86 83 85% 84 85% 31% 36% 32% 34% 30 32% 29 % 31% 293A 32% 32% 27% 22 27% 213/a 243/a 19% 24 20% 21%. 33% 21% 29% 24% 27% 16% 16% 19% 89 82 86% 78 843A 78% 82 80 83% 80% 86 84% " _1 Inc 26%, 26% Northern Central Ry Co_ 50 83 87 83% 85% 82% 84% 83 86 90 92% Northern Natural Gas 10 27% 29% 25% 28% 27% 29% 29 33% 31% 34% Northern Pacific Ry Co Co_ X90 , 60 27 15% 11% 100 18 % 21% 16% 20% 18 20% 19% 22 3% 21%* 263A Cumulative preferred $3.60 series • 81% 87% 85 87 87% 90 88 89% 87 89 x85% $4.80 " * 11% 14% 12% 14% 14% 17% 14% 16% 14% 17 13% 16% 113A 14% 11% 12% 9% 12% 25 x21% 24% 21% 24 % 24% 27 % 24% 26 % 24% 27% 22% 26 20 3/4 243/a 203A 22% 17% 21% 17 19 % 16 18 17% 19 50 33% 36 34% 35% 34% 35% 35 40% 38 39% 37 39% 36% 38 36% 37 36% 38 37%. 38 34 36% 37% 34% 38% * 5% 5% 5 53A 5% 6 6% 4% 43/4 3% 4% 12% Northern States Power (Minn)— preferred Northwest. Airlines Inc cumulative preferred 4.6% Northwestern Telegraph Co Norwalk Tire <te Norwich Pharmacal Rubber Co — 7" 5% 5 7 — 5% 7% 5% 6% 13 12% 13% 12% 14% 12 34 32% 33% x33% 34% 31% '• «■F 103% ' 13 11% 12% 8 29% 31% 27% 31 100 92 % 993A 97% 99% 12 11% X30% 12 33% 32% 98 100 % 97% 100% 33% "< 32% 37 % 10% 12% 5% 12 13% 12 33% 29% % 2.50 Co 5 ft 100% 94% 98% 30 3A 37% 5% 33A 104%. 1033/4 106% 106% 8% 10% 4 90 9% 11 9% 12% 12% 12% 12 14 293A 31% % 28 31% 26% 'A 94% 98% 94% 97% 97 36% 29% .,36% 11 11% 333A 109% O Ohio Edison Co 34% //" 32 Rights 4.4% preferred Ohio Oil Co Oklahoma (The) Gas 8% Corp 39% 38% 43 35% 98% 41% 35% 38 32 18 17 17% 16% 17% 16% 17% 16% 18% 17 17% 17% 17% 17 % 17 3/a 17 17% 17 17% 16% 18 26% 23% 25% 25% 30% x28% 34% 31% 34% 31% 36% 29% 34% 27 33% 29% 33% 27 32% 27% 30% 96 99 94% 96% 92 97% 97 103 % 102% 105% 100 % 104% 95 103% 9% 96% 98 3/4 10% 8% 6 20 101 7 105 % 99% 9 12% 9% 11% 9 9 10% 99% 95% 98% 91 97% 91% 96% 93 95% 90 94% 91 93 88% 91 88 91 20% 21% 20% 22% 22% 23 22 22% 22 22% 21% 22 22 23 21% 22% 323/8 213A 23 27 29% 27 x30 151 152% 147 151 23 19 20% 18 32% 20% 11% 103 %x 109% 108 90 9% 20 154 151 9 106% 22% /"■ 89 22% 108 96 8% 98% 21% 22% 27 • 2.50 _ 10% 8 92 100 98 10 100 28 30% 147% 150 18% 19% 19% 28% 150 34% 150 18% 20% 9% 34 10% 37% 32% 36% 150% 152% 150 152% 18% 20% 17 10% 32% 18% 149 8 9% 30'/a 34% 30% 33 s/a 27% 147% 148% 1453/4 147% 144% 18% 163/4 18% 15% 35% 152 17% 8% 18 18% Pacific Coast (First 86 85 89 87% 87% 85 85 84% 87% 86 87% 83 84% 83 85 86 86 12.50 x65% 73% 58% 65% 56% 61% 57% 63% 60% 67 52 65% 51% 56% 52% 60% 523/4 58% 5 13% 15 % 11% 14% 12% 14% 13% 15% 14 1 15% 14% 15% 15% 14% 12 13% 11 13% 12 12% 11% 12% 11 15 12 14% 10% 13% 10 69 71 68% 67 70 68 73 65% 71% 68% 72% 66 67% -A 38 40% 62% 34% 38% 37% 40 37% 42% 38 43% 36% 42% 35% 40 35% 17% 19% 16% 17% 15% 16 % 16 19% 19% 20% 20 21% 20 21% 34 36"% 31% 35 30% 32 % 31% 33% 32% 36% 34% 35% 33% 31% 30% " % % M 52% 54 50% 53% 47% 51% 47% 51'% 49% 54 52 % 54 37% 40 37 39% 95% 99% 97 ♦ Co Fisheries Inc 83 10 Co preferred non-cum: preferred non-cum Second Pacific Finance * Corp 10 . Pacific Gas & Electric Co, When 25 issued ; Rights — Pacific Lighting Corp Rights : _____ ; Telep & Teleg Co Rights 100 —____ Pacific ,_100 Pan American Oil Panhandle 4 % & 16'A 82% 80 81 48 56% 47% 4% 49% 4% 4% 5 6% 62% 4% 5% 8% 10% 16% 15% 211/4 19% 52% 46 50 48 531/2 53 56 54%;/ 63% 94 92% 94 93% 95% 961% 991/4 98 6% 8% 7% 9% 9 6% 8% 67% 8% 22 102 100 100% 102 1 56% 143A 15% / 14% 9% 15% 10 11 83/a 93/4 8% 66 60% 69 62% 67% 61% 65 37% 36% 38 363/4 41 38 40% 36 41 18% 20% 18% 19% 18 18% 18 18 % 18 3/a 19 35 33% 34% X33% 34% 33% 33% 29% 33% 293/4 31% 51% 553/a 52 53% 51 53% 51% 54% 493/4 53% 493A 51% 36% 44% 38 43% 100-i 32% 34 33% 37% X30 % 35 3/a 29% 31 93% 98% 93% 97 96 89 94 134% 137 132 135 • 12 . 13% 15 15 13% 104 % 9 141 % 143% 5% 98 138 10 4% 92% 32 142 135 5% 6% 4% 59% 55 95% 100% 1/64 47% 5% 4% 5% 10% 137 130 134% 5% 4% 5% 4% 4% 3% 4% 3% 4% 40% 47% 43% 50% 39% 47% 39% 43 % 5% 46 4% 49% 4% 57 135 139 4% 5% 4% 4'/8 4% 26% 24% 25 102 102% 102% 24% 101 4 3/a 4 5 11% 10 xll3/8 9% 8% 9% 8% 9% 8% 20% 19% 21% 17% 20 16% 17% 15% 17% 15% 16% 14% 16 15 16 59 65% 58% 63% 58'A 61% 57% 61% 59 66 51 59% 48 3/4 53% 96 97 97 99 93 % 97% 92% 94 ,92 94 92% 95% 94 97 8% 9% 7% 100 9% '10% v. 10 8'A 10% 28 103 11% 8% 105 27 23% 105 24% 103% 26% 104 9% 77/a 87/a 25% 24% 21 23 21% 104% 101 104 100% 23 103% 102 6% 8%, , 100% 8 3/8 7% ' 22% 20 9% 8% 93A 21 18% Xl03% 102 102% 213/4 18% 19% 18% 24% 22% 24% 21% 26% 20 25% 21'A 23% 21% 23% 20% 24% 20% 21% 19% 22% x20% 40 2% 51% 60% 11% ~_ 71% 23 101/4 9 34% 38 35% 38 38% 45% 43 51 45% 49 45 47 44 44% 39 44 41 44'A 49 43 % 393/4 2% 3 x2% 2% 2% 2 2% 2% 3 2% 3% 28 29 % 28% 29% 28% 2.50 28% 29% 24% 28% 25% 27% 27 28% 27%.. 30 • 7% 7 V 7% 9 8 10% 32% 28% 2% 2% 2% 2% 2% 2% 2 2% 28% 29% 26% 28% 25% 27% 25% 26% 25 26% 23% 25% 30 3/a 28 30 27% 30 267/a 28 % 27 39 24% 27 % 25'/a 26% 7% 7% 9% 11% 12% 11 13% 12 16% 7% 10 40 % 2% 11% 6% 24% 2% 30% 29 8% 2 . 2% 7% 9% 7% 8% 7% 7% 7% 9% 7% 8% 14% 16% 13% 15% 12% 14% 11% 15% 12% 13% 32 30% 32% 29% 31% 29 31 30 30% 27% 49% 44% 48% 44 46% 45% 47% 45% 47% 43% 14% 12% 14% 12 13% 10 12% 11% 13% 10% 12% 9% 17% 19 17% 20% 17% 19% 17 19% 18% 21 18% 213/a 173/4 19% 31 31 28% 30 29 30 28'A 28% 30 30 29 29 27 27% 18 10 5 , 37 32% 34% 31 34 31% 35 30% 32 29 % 40 38% 40% 38% 40% 40% 44% 43 % 49 46% 11% 14 13% 14% 13%. 15% 12% 14% 12% 15%, 17% 15% 17% 17 18% 16% 19% 29 31 30 32 32 33 % 31% 34% 110 111% 111 % 111% 111% 111% 111% 111% 16% 43 15% 19 31 33 112 112 14 Rights 18%- 19% 18% 19 18% 19 18% 19% 18% 19% 18% 19% 19% 20'A 18% 20% 17% 17% 20 16% 18% 17 18% 18 20% 18% 22% 20 21% 19 21% 18% 20% 17% 45 47 10 45% 113% 100 Ry Co 41 -42% 86% 89 • Pfeiffer Pfizer Corp 10% ;_100 21% preferred $1 'preference 4,4% preferred 3.8% preferred 4.3% preferred Phila & Reading Coal & Iron Co 43 47 111% 117% 42% 110 45 39% 113 107 % • 42% » 6% 8% 105 49% -100 100 1 19% 16% 16% 19% 40 16% 35% 107% 38 108 104% 107 37 41 X104% x34% 37 33 35% 31 33% 30 32 30% 32% 31 92% 95 92% 96% 91% 98 95 98% 95% 99 90 13% 14% 12% 17% 23% 15% 19'A 16% 19 16% 19% 13% 17 13% 15% 12 13% 9% 28% /26 28% 27% 106% 29% 27% 48% 53% 98 100 21% 23"% 22% 25% 104 110 % 91 97 41% 52% 29 27 29% 28% 29 25% 15% v 9% 12% 32% 28 31 97% 93 99 28% .26% 27 26% 102% 100% 102 98% Hi! % 1% rt* 14% 13 17% 9% 123% 10% 7% 9% 9% 7% 27% 23 3/8 27 22 1 11% 9'A 22% 107 100 ; 37% 104 98 17% 104 108 37 15% 10% 17% 34 17 47% 19% 93% 13% 29 43% 20% 38 20% 27 47 17% 93% 11% 30% 19 35 13% 14 109% 90 90 13 33 41 37% 110% 10% 27% 16 54% ♦ • • _100 common 113% 118% 12%. 101% 14% 50 $6 preferred Philadelphia Electric Co x42% 88 % „ 11% 25 Philadelphia Co 6% 37% 89 120 10% 30% 1 & Co Inc /Phelps Dodge Corp 45% 48 115 113% 11% 102% 10 5 Amer Brewing Co (Chas) 27% 99 100 ; 45'A 45%. 43 106% 10% 13% 24% ._• of 19% 20% 1ft ' Co 115 109% . 100 33%c 4%% 2nd preferred 4%'A preferred 46 103 47% 118 45%. 45 87 _____ Pepsi-Cola Co Petroleum 110 • 100 5 ■ Milk 110 % - Eastern • 50 . ;___ — & 33% 100 ___: series A preferred— Peoria 11 Ye 7 * Corp preferred 3%% 10 * 10 Co__ Cement 9. * - Ford Ltd Inc Rights < 4% 55% 4% 29% Peoples Drug Stores Inc * 6% 561% 4% 28% Peoples Gas Light & Coke Co » 5% 52% 4% 33% /Pennsylvania Salt Mfg Co *• 5% 54 % 4% 4% 48 13% 79 39 146 16% 92 % 97 18"% 140 3?: 9% 463% 7% 147 140 147 8% 10 1634 8% 142% 29% Pennsylvania RR Co Pet 100 « Co. Penn Power & Light Co : 39% 13% 15 % 1 Mines____ Glass Sand Corp 5% ; 4% 1 shares— Penn-Dixie j. 144 41% 1 Pennsylvania Coal & Coke Corp -■ 140% 5% 100 __ Transportation Co„_ Enterprises Cons— Penney (J C) . 93 144 15% ' 513/4 Mines & Penick & j- 93 ____• Consolidated American Penn 89% 72 Parker Rust Proof Co Patino 94 53 % 1 convertible preferred Parmelee 89% 22 Refining Co Paramount Pictures Inc Parke Davis & 97% 100 Prod Utah 913/4 134 14% ' 2 35 • Pipe Line Co__ Park & Tilford Inc Park 35% 43/4 Companies Inc common 4% 30 % 5 preferred New 34% 44 % 4% • . Petrol & Trans Co Eastern Panhandle Paraffine 3C| 1 Corp Corp Airways Corp________2% Pan-American 35% 10 Consolidated Tin Pacific Western 33 3^ Packard Motor Car Co 32% 147 % 15% "U - preferred 6% p 1% -v ; Pacific Mills Pacific 28 145 147 31% ™ 30% hi (The) Glass 8 3/a 6% 16% 82% ' Pacific American 34% 17% 22% ._100 Marine & Mfg Owens-Illinois 30% 18% (The) preferred Outlet Co 29 100 27% Otis Elevator Co 6% x35% 102 17% (The) Oppenheim Collins & Co Outboard 28% 99 24 pfd__20 preferred conv 30% 103 100 cum convertible preferred Omnibus 26% 33 100 • & Elec 4% Oliver Corporation 4% % 28 % * 100% 96 100% 100% 104 102% 103% 100 103% 99% 101 99% 101% 101% 103 9% 10% 10 11% 11 14% 14 14% 13% 17% 13% 16 13 14% 12 13% 12% 13% 11% 13% 113/a 14% 15% 14% 15% 15 17% 16% 20% 17% 183% 17% 18% 17% 18% 17 173A 17 19 3/8 16% 19% 16 17 47 50 % 50 58% 56% 601% 55% 64 60 63% 57% 64% 53 59 51 563/4 52* 55% 46% 53 443A 50% 40% 43% 41% 50 49% 55% 51% 57% 52% 57 3/8 513/4 59 533A 56% 51% 56 523/4 58 493/a 58% 49% 53% 50 52% 513A 48% 51% 93 96% 50 52% 51% 54% 52% 533A 52% 54 95% 97% 96 102% 98% 102% 98'A 100% 98% 101 21% 22% X21 % 22% 22 22% 22% 24 22% 24% 22% 24% 22% 23'A 22% '23% 23% 25 24 ,24% 23% 25% 24 25% 22% 24% 23 24% 105% 104% 109 Xll0% 112% 113 115% 109 1123A 107 1093/4 91% 93% 94% 98 98 101% 101 103 3A 98 101 95 105% 106 105 108 108 111 105 108 104 14% 16% 15 15% X96 % 104 99 109 % 54 -x99 52% 101 109 98% 104% 106'A 105% 15% 17% 17% 20% * 98 1053/4 > X513/4 543A 99% 1613/4 % 100% 22% 23% 22% 23 20% 22% 20% 23 253A 223A 23% 22 24% 22% 109% 110% 107% 107 108% 93% 94% 1033/4 51% 54 50 533/a 12% - 983/4 94 % 102% 110 <)*> x96 93% 106 96 953/a 20% 24 112 96 3A 3 preferred /Preferred / 3.60% Phillips-Jones , * 100 preferred & St Louis Ry , convertible gtd preferred preferred Plate Glass Co ,7% X28 '/a 87% 92 91% 92% 90 92 92% 96% 83% 84 83% 84% 85 86 % 38 45 41 46% 44 45 % X36% 88% 83 323/4 37% 36% 93 39% 92 93 % 87 90 87 92% 90 93% 86% 87 87 85 J; ; 88% 82% 86 86% 87 41 42 42 13% 12% 12% 11% 12% 11 II 56% 60% 953/a 953/a 94% 953A 85 3/4 85% 42 43% 41 43 36% 34% 81 X33% 89 89 90 87% 88% 88% 89% 89% 90 90 90 89'A 90% 91 92% 89% 91% 87% 89 873A 56 % 65 63% 71% 66 % 74% 71 77% 66 % 76% 65% 70'A 59 68V4 615/a 66% 56% 66 86 90 58% 42 12% 12% 12% 12% 12% 14% 13% 14% 12% 12% 13 13 123A 13 12% 12% 33% 101 34% 103% 30% 34 30% 33% 32% 34% 32% 34% 33% 34% 33 % 34% 33 333A 323/a 333A 32% 333A 30% 99 % 101% 99'A 101% 98% 100 % 99% 102% 101% 103 101 % 103% 101 99% 100% 99% 110 110 12% 14% 11% 13% 11% 14% 14% 12% 14% 13% 15% 13 143/a 12% 13% 12 13% 133/4 11% 13 3A 10% 12'/a 88 90 88% 90 85 88% 83 28% 31% 17% 26% 30% 26 12% 15 13 10 * • preferred class A first pfd ser conv pr pfd_ 100 100 5%% Pittsburgh & West Virginia Ry Co__100 Pitts Young & Ash Ry 7% pfd 100 Co X88 30% 12% 100 Pittson 89% 26% 21% 12 preferred class B 5% 39% 86 28% 107 62% 13% 100 Pittsburgh Screw & Bolt Corp Pittsburgh Steel Co_ f 32% 89 25% 105 54% 13% 100 cum Pittsburgh 41% 83 37% 36% 85 V* 33% 83% 28% 104 1 1 Co..; Co Pittsburgh Consolidation Coal Co Pittsburgh Forgings Co__ ; Pitts Ft Wayne & Chi Ry Co_ 7% 36 83% 333A 893/4 323/a 97% 31% 86 25% 19% 54% __• 100 __. $5 423A 81% 37'A 413A 88 293A 31% 84 26% 105 17 * Mills Inc >■$4 preferred : 38% 863/4 383A 34 90 28% 86 25% 19 « Pi'llsbury Pitts C C 87% 39% 45% 91 28% 40% 31% 84 28% 89 87% 42 40% 19% 88 36% 28% 90 38 213/a 383A 17% 25 Hosiery Co Pitts Coke & Chemical 36 16% 33% 1073/4 18% 16% 20% * 5 Phillips Petroleum Co Phoenix 87 85% 100 __•_ Corp 5%, cumlative ... series 26% 100 : 28 84% ,-5 series A Philip Morris & Co Ltd Inc.— 4% 14 100 — Pfd. 3%% 105'A 21% 12% Phllco Corp j .. 106 3/8 173/4 19% 18% Plough Inc 1 5 Plymouth Oil Co 5 (The) j—-— For footnotes see page „ / 15. : jl 15 145 157% 35% 8% 12% 140 82 % -85% 163% 157 158% 39% 10 14% 140 87% 34 37 % 8 10% 9% 14 —• 103% 101 100 84% 92% 92 92 90 93 88% 91% 85 88 88 82% 85 80% 31 35% 33 35 32% 36% 32 34% 28% 32% 293A 33% 29 34% 30 3/a 17% 15% 17% 17 20% 18% 23% 19% 23% 18% 21 17% 18% 18 21 15% 21 15 154% 154% 157% 160 159 161 161 167 8 12 32% 155 37% 34% 38 ' 34% 8% 8% 9% 8% 13% 12% 16 yB 15% 154 — X164 39 37% 10 x8% 18% 17'A 166 3A 39% 9% 20 167 35% 38 166 168'% 34% 36 81/4 9% 8% 83A 143/4 18% 155/8 17% 160 157 169 160 -86% 33% 17'A 145 147 144% 144% 142% 142% 138 143 160 161% 158% 162 159% 162 160 163 34 36 % 323A 8% 15 163 • 101 113 87 155 11% 102 32% 30% - 149 34 100 113 ' 11% 30 333A 32 149 145 79% 80 16% 21% 145 145 28% 32% 10 % 10% 33 49 % , 13 10 35% 30% 35'/a 8% 83/a 9% 7% 15% 18% 13% 30 9% 17% 18% 163 165 8 14% 170 165 32% 8% 15% 170 85 73% 83% 82% 87 84% 89 883/4 96 x80 % 95 82% 71% 79% 71% 75% 73% 78% 77% 82% 79% 81 77% 79% 743/a 78% 74% 76 75% 79 71% 75 703/4 73 15 18% 15% 18% 18% 24 % 21% 25% 21% 26% 21% 26% 203/4 23% 20 24% 21% 26% 18% 22% 19% 213A 413/4 30 38 3A 31 % 36%.. 29% 34 26% 30 73% 89% 150 29 32% 29% 38% 150 36 46 89% 157 38% 10 10% 10 10% 9% 10% 9% 41% 47% 43% 48% 46% 69% 57% 94% 157 44% 10 70% 90 155 41 93 156 44% 83% 160 39% 91% 83% 86 161 46% 36 3/a 10 11 103/4 12% 12 12% 10 11 % X56 % 70 45% 64% 45% 52% 44 X50 % 10% 11% 10 49% 36% 47% 10 10% 46 _ 10 % 39 46 12 (360> THE 1948 January //yy STOCKS ' Low High Pond Creek Co 321/4 34 29% 133/4 Pocahontas $ 1 • 1534 12 13V2t Poor & Co class B Potomac Electric Pressed Steel 4%% Car Co & Gamble Publicker $4.75 Public 10 Inc. preferred cum Procter Power ' Co 1 series A Inc of preferred Gas & 37 39% 39% 14% 13 16% 13% 13 16% 13% 14% 13% 13% 13% 13% : 11% 9% 10% 8% 10% 8 8% 32V4 29 30% 26% 29 25 % 29 22% 69 67% 68% 65 68 64"% 66"% 10 : 13% 15% 14% 13% 8% 14% 13 13% 13 9% 9 10% 9% * '"46' 41 32% 30% 32 30% 32% '31% 35% 32 33% 67% 64% 67% 63% 67% 66% 68% 66% 68% 30% 66% 18 21% 21 15% ■ 45%'' 44 46 31% 62% 45 J 39 13% 12% 13% 12% 14% 11% 13 % xl3% 13% 13% 13% 8% 7% 8% 5% 13% 8% " 7 40% 11% 14% 14 High 34% 44% 14 xl3 14 % 42 45 X40 12% 14% xl3 6% 7% 27 23 % 28% 64 66% 64% 66 23 28 23% 28% 23% 26% 21% 23% 20% *22% 18 213A 18% 263/8 20 y« 257/a 18% 86% 86 94 90% 93 93 93% 84% 93% 84 V4 933/4 84 90 82 • 87 85 92 84 87% 32% 36% 35% 37 36% 38% 38% 39% 37% 39% 38% 39% 35% 39% 36 3/4 39 Va 35 38% 35% 39 20% 23 20 21% 20% 23 % 22% 23% 23% 24% 22% 24% 23% 23% * 97%; X90 94 93i/4 . $5 pfd 91% 98 94% 95 % 91% 93% 104% 102%-106% 103% 111 107% 110% 103 % 108% 104% 106% 116 112% 118% 116 124% 121% 124 115% 121% 116% 119% 131 128 135 131% 141% 137: ' 140% 131% 138 132% 135% 22% 24% 21% 23% J21 23% 20% 22% 21 22 20% 22% 20 203/4 30% 28% 29% 26% 29% 26% 27% 26 27% 26 27 25 3/a 26% 25 26% 109% 10318 xl27 * , 22% * * _ (The) Quaker State Oil Refining Corp 28 30 29% 109% 111 45% 30% 105 * 110 53 26% 100 Purity Bakeries Corp 111% 48 • preferred 28% 110% 110 111 109% 49i/4 27% x25% 107 101% 40% 47% 50 50% 47% 26 32% 31% 35% 33% 105 106 97 90"% 24 28% V 110% 107% 106% 107% 106% 111 43% 50% 42 49 36% 41% 45% 41% 33% 107% 106 107% 107% 343,4 39% 41 43% X41 108 107V4 42 >/4 39 44% 32% 36 3/a 32% 393/4 36% 32% 29 32% 30 3/4 31 X25 27% 25% 27% 26% 29 27% 31 30% 31 30% 33 30 32% 22 24% X21% 22% 21% 22% 22% 24% 23% 25% 23% 24% 22% 23% 22% 7% 63% 8% 10% 9% 10% 10 13% 12% 15 11% 68% 65% 70% 70% 75 % 70% 75% 70% .75% 8% 7% 9% 8% 9% 8% 11% 8'% 10% 94 19% 23% 32%- 95% 98 303/4 28% 31 26 303/4 25% 28 21 23% 108% 27% - 37% 106% 383/8 108 25 % 10 21% 111% 135%' 97 / 102 108% 119% ; Gas X82 common—*-! Inc convertible 36% $ per Share 81 129 5% 33 35 December Low High $ per Share 18% preferred Pure Oil Co 30% $ per Share 8 per Share 35 100 Pullman November Low High 33 $ per Share $ per Share 85 92 & Low High 33 % 114% El Low 34 103 Service October September y High 22% * Public Low ; 87 100 Eiec August High $ per Share 32'/2 100 div Low 191/4 preferred preferred Service July High $ per Share 83 % preferred 8% Low -High $ per Share * 6% $1.40 May Low High 1948 t-. $ per Share 8% 71% 7% Public April Low High RECORD June 20 Colorado Public Service Corp of N J common $5 Low STOCK Thursday, January 20, ;_5 preferred Co YORK March CHRONICLE 12% 34 65% * FINANCIAL & 12% ny4 32 * Industries cum. Service % 91/4 50 Co per Share NEW - February Low High $ per Share V • COMMERCIAL 23% 20% 22% 19% 22 17% 20% 108 'A 106 28% 35% Xl05% 108 106 107% R Radio Corp of America ? Ralston Purina Co 3%%. Raybestos-Manhattan 1st non-cum 2nd Silk Reis 31% Hosiery 23 30% Mills Inc 37 5 34% 32 27% 33% 32% 17% 17% 19% 18% 20% 38 36% 40 39 45 33% 32% 34 35 35% 12% 105 10% xl04 12% 11% 12 23 25 10% 62% 11% 12 104 10% 13 35 45 41 37 15% 105 14% 33 % ; 43 39 36% 13% 14% Xl6% 133/4 10% 13% 12 % 14 •67 71 67 70 67 70% 8Vs 7Va 96 93 30% 28 • 13 92% 95 32 42 44 43 35% 37 35% 37 12% 11 14 105 14% . 13% 34 26% 33 25s/8 29% 33% 32 323/4 31% 32% 25% 21% 25% 21% 23% 44 40% 43 42 43% 371/4 36 37% 36% 37% 14 10 14% 1031/4 . 15% 103 y*. 13 28 r 36 _ 45 371/2 105 25% 24% ; 25% 15 92 30% x28 <32 35 33% 23 133/a 8% 92% 92" 89 - 6% 8% 43 295/a 32V4 25V4 105V2 6% 31% 34% 33% 23% 13% 8 3/8 28 Va 31% 44 Va IO51/2 . 6% 95 31% . 42 14% 11'/a 72 Va 32 • 34 27% . 13% 69 8 95 23 % 18 105 14% '33 10 3/a .74 7% 29% 331/4 * 30Va"x36 34% 35 . V 97 93 30 ,35% 9 12% 71% 74% 7% / 98%' 11% 14% - 71 % .27 %• x97 38% 35 13% 12% 13% 33% x39 % 104 101. 11% 11% 63%- div prior preference Corp Mfg Co Cum conv pfd 3%$> Remington-Rand Inc $4.50 Reo 100 series 13% 25 1 Inc Corp 12% 102 15 Va $1 preferred conv cum 6% prior conv pfd series A Revere Copper & Brass Inc 5%% preferred Rexa'l Drug Inc Reynolds Metals Co 5%% - convertible preferred Reynolds Spring Co—— Reynolds Tobacco J) (R class B preferred series 3.60% 4.50% Preferred Rheem Ritter Roan 12% 9% 10% 9% 14 '/a 104 13 •% 10% 22%* 24% 22% 23% 22 23% 211/4 22% 13% 11% 13% 11 12% 10% 11% 10'% 11% 63 64 63% -64 62% 64% 61% 63 62% 65 63 66 59% 62% 13% ' 11% 12% 10% 96 99 97 99 24% 18% 22% 17% 20% 9% 11 x95% 13% 13 15% 13% 15% 97 97 97 98 96% 97% <95% 96% 97 97 27% x22% 27 24% 27% 24 27% 27% 21% 12% 14 23 6% 8% i'.8% 3% 4% 10% 8% 9% -8% 10% 27 105 % 23% 25 % 105 23% 103 % 26% - 104 15% 82% 5% 19% 19 % 93 7%% 24% 104% 18% 85 67/8 22% " 5% 10% 103 14 10ft-- 12% 103/4 . . ; .. xl3 11% 13% 8% 3% 10 Va 9% 10% 10% 8% 4% 3% 4 3% 3% 3 3 '/4 2% 3% 10% 9% 11% d3/* 11% 9 9% 6% 8% 6% 7% 6% 7 26 28% 26% 30% 29 Va 31% 27% 31% 26% 29% 27% 31% 28% 104 105 % 104 % Va 107% 109% 108% 111% 107% 109% xl8% 21% 17 Va 20% 17% 19 94% 91% 95 91% x95 19 Va 20% 88 96 5% 6% 91 6 6% 24% 29% 8 6% 7% 107 16%' 18% 16% 19% 19% 94 95% 93% 95 96% 6 6% 5% 25% 21 24V4 20% ' 6% 9% 5% 6% 5V2 33% 25 33% 25% 27% 105 108% 104% 105% 20% 15% 102 98 6 % 11% 10 8% 9V8 9% 7% 39% 36 % 39 35% 37% 37% 38% 35% 381% 35 % 37 34% 47 48 46 47 Va -47y4 48 46 48 47 48 45 48 -91% 92% 91 92% 92 94 S0% x88 80 84'% 81% 86 93% 87% 91% 89 ! 4% 36% 48 % 9 93 — ■'•> __ — 99 10 ' — 29% 24% 104 9 28% 98% 104 23 100 11% • 102 8% > ' 101 99 10% 93 89 92 97 25 7% 81% v 21V4 . 101% 97% 25'% 103 19% 8% 6'/4 5% 20 %''■ 24% 103% 101 100% 99 Va 5% 35% 26% 103 16 % 15 20% 100 5 46 97% 6 5% 48% 8 • 2% 2% 110% 106 7% 6% 10 38% 88% — 12% 7% 2% 12% 3% 47% 37 47% ! 85% 10% 35% 9% 39% 49% — 10% 78 % 18 11% 48% 38 48% ' 8% 95 11% 98% 9% 38% 50 — 9% 87% 18 »/4 '1T% 19% Va 12% -5% , 9 56 52 57 98% 13% 105 21 8 % 16 10% 3% 107 17% 10 Va '98 11% . 9 8 9% 23 9 55 4% 3% 9% 105 9'/a 21 10% 59 57 13 9% 23 9% 25 10% 41% ! 11% 9% 92 49 7%a 24 . . .21 20 102 96 10% ■12% :• 88 16 92 .13% 12% 11% >3% -- 9% 12% .'96 • / 8% 38% 99% 24% 5% 33 Va 8 102% 6% 35% 45% -.43 83% - 86 103% 103% 21% 15% Corp * Inc——-——J.————.—* 23% 18% 23 • 17% 20% 16% 22% 23% 25% 24% 22 23% 20% 22% 20'/2 22 % 19% 21 Va 20 21% 17% 21% 17 19 18% 21 18% 21 xl6% 23'% 29% 28 49 38% 46 37'/8 43 30 387a 31 y4 351/4 24% 33% 24% 28% 23% Oil Co .11% 25% 12 3%' 101 1 Mfg Co Richfield 12% 22% 13 4% 16% 90% / 6% 21% 100 series 11 23 11% 8% 103 100 : 11% 22% 63 % • 3% 9% 24 10 Common 10% 24% 11% -62% 29% . * TOO _* 100 2.50 * 100 1 10 Republic Steel Corp 12 22% 10% 11 7% 50c 10 Aviation Republic 24 <10% 96% 26 1 Republic Pictures Corp_ - . 14% 96 50c . preferred cum Motors • 12 23 14% * 5 24 Va 22% 22% 22 24 22% 24 22% 25 24% 28 .22% 24% 21 23% 22 23% 22% 24 19% 22% 17% 21% 20% Antelope Copper Mines— 4%% Works Metal Art Co Safeway Stores Inc —. 5% preferred St Joseph Lead Co St. Louis-San Francisco t v :• .—--5 100 10 ; . Paper —-100 -100 100 Ry Co preferred Distillers Co—— $3.40 Seaboard Air Line v 67 58 c * com 100 16 * 5 1 33% 11% Servel 1 Delaware Inc * preferred & Gas Oil 11% 26i,4 281/2 25 28 20% 21% 19 21 19% 22% 19% 22 21 233/4 20% 27 % 20% 25 20'/4 22 20% 22% 20% 21% 18% 21 71 % 60 ' 70% 61 65 613/4 67% 603/4 66% 573/4 63 3/a 16 13% 151/8 13% 12 12% 10% 12% V 9% 20% 19% 22 '20% 20% 27% 64% 61 72 67 14% 16% 14 % /16% 18% 19% III1/4 521/2 19 Shattuck 10% 37% 8% 10% 93/s 32% 38- 353/4 40% 383/4 83% 85% 86% 95 85 100 81 Sheaffer (W A) Oil Union Shell Sheraton Corp Silver 8% 60 % ; 8 * 79 10 88 •64 64 % 9 % ■ 81 % 81/2 X80%. •10% 84 60 8% 9% 8% series A Corp of America Mines Co Co Simmons Simonds Saw <fe Steel Co Sinclair Skelly Oil Oil 25% 39% 42'/a Smith (A O) Smith : 933i 90% 91% 88% 90 89% 92% 13% 141/4 133/4 143/4 81% 85% 83% 13% 16% 11% 433/4 1091% 50 58 18% 17 3/a 107% 112 55% 47'% 18 17Va 110% 108% 53 48 % 19VB 111 92 •95 123/4 11 Va 121/4 10% 12 10% 11 Va 91 89 90 87% 89 86 87% 12% 11% 14 i/s 12% 12% 15%' 35% 30% 333/4 28% 33 28 301/4 51 49% 51 46% 49% 45% 48 44 91 94% 92 3/4 94 92 943/4 92 93% 92 93% 90 92% 93% 92 93 92% 93% 91% 93% 90% 91% 89% 13 3/4 143/4 14% 153/4 15 15% 14i/4 15% 14 Va 15% 14 Va 86'/4 87 87 86 87 86% 87 84% 86 84 84% 16% 16% 26 20% 26% 20 62% 53% 59% 52% 20 V8 17% 18% 17 46 561/4 23% 58 19 18%' 40% 38% 43 42% 56 53% 59% 6% 73/4 6% 29 '/a 41 34 44 f 21% 58% 6 7% 95 11 16 11% 90 45% 173/4 103 • 28 54% 6% . 12 , 19% 10% ■' 61/2 5 .33 Vi 11 > 5% 9% X94 ' 51 ■ 56 ' 6 7% ; •' 6% 36V8 35% 38% 37% 42% 40 12 10% 11% 10% 12 11% >12% { 6% . 42 15 Smith & Corona i Socony Vacuum Oil Co Inc For footnotes see page 26% 20 24 17% 20',4 54 56 10 8 V4 17% 16% 112 xllO'/s 50 47 14 15% 26% ' 47 V 95% 14 30'/a 89 6% 7% 10% lo¬ 11 os 95 12 '/a pfd 15. 13" 28 30% 45% 47% 88% 89 % 93 873% 87% 89% 13% 12 12% 83% 81 86 88 Vb 89 88 89 89% 87% 15 I/b 13% 14;% 12 Va 81 84 79 82 81% 23% 20% 24% 22 25 Va 19% 24% 17% 21% 57 54 561/4 56 % 60 51 Va 58% 17% 18% 17% 613% 18 ' 56% 18Va 16% 17% 16% 17 Va 49% 403/4 47% 44% 49 363% 43% 39 46 61/4 6 V2 6 7 7% 8 Va 41% 36% 39% 37% 39% 38% 42 11 12% 11 12 11 12 11 7% 12% " % 7% 8% 7% 8 6% 10% 13% 12% 143/4 953/4 101 ;; 99% 100V4 11% 98 % 7% 11 13% 11% 13% 113/8 8 37% 43% 11 13 100 97% 97% 96% 98 97 98% ■t 8 14 6 ' 6% 7% 63/4 V; 12% 5% 7% 35% X32% 363/4 29% 36 30% 33% 29 33% 293/4 9% 97% 32 Va 333/4 39% 38 % 41% 38% 44 Va 37% 41% 37% 43% 39% 463/8 23 213/4 26% 25% 263/4 26'/s 27 3/a 233/4 267/a 22% 24% 20% 23% 20% 24% 21% 20% 68 38 76 77 14% 13% 7 12% 100 5'% 9% 99 243% 30 25% 29 45 35% 37% 21 25 22 76 77% 77% 78 76% 78 77% 78 78 75 76% 743/4 77 VB 74% 75% 15 12% 14% 12% 14% 141,8 15 13 143/4 10 123/4 10 V2 11% 10% 113% 13 12 12% 12 12% 12 13% 13 13% 13 13% 12 3/4 13% 12% 13% 12 % 14 28% 33i% 29% 351/8 34% 41% 39 433/a X42 46% 37 44 38V4 41% 36 40% 36% 42% 35% 42% 5% 6% 5% 6% 5% 6% 5% 7 6 6% 6 6% 5% 6 1/8 5% 6% 53/4 6% 5 Va 6% 4% 4% 5% 4% 6% 5% 6% 5% 7% 5% 6% 5 57/a 4% 5% 4% 5% 4% 5% 4% 5% 3% 27% 30% 36 38 16% 16% 18% 30% 32% 30 36 38% 37% -41% 18% 20 18% 21 52'% 58 48 54 49. 60% 22% 20% 58 105V4 104 126% 125 28 147% 23 59% ' 36 32 39 203/4 28% 26 % 155% 21% 144 1481/4 233/4 ■77% 9% xl2% 31% 27% 29 ' 10% 26 29 3/, 25 273/, 41% 37% 35% 39% 35% 38% 34 35% 32% 160 " 22 243% 30% 25% 28 % 23 3/8 24 Va 26% 21 2 3 3/s 110 133% 107 132% 111 1293/4 21% 233% 21 22 20% 21 25 Va 20 24% 20 21 29 30% 26% 28% 32% 24 31V8 23 25% 31 Va 343/4 32 33% 30% 36% 283/4 36% 82 Va 85% 81 84 "82% 93% 96% 91 95% 132 24% 155 114 105 127%. 118 20% • — 35% 28 33 34 30% 34% 32% 34% 33% 39 36 39% 34 37% 87% 88% 88 89 89 90 87% 89% 87 88 843/, 88 95% 98 — 17% 14% 16 15 Va 16% 16% 19% — 15% — 26 " — 31% 22% 43/a 29 Vb 88% 19% 5% 40% 35% 24% 13% 40% 33% 87 22 Va x36 79 41% 32 22% 123/4 29% 347/8 21% 24% "9% 39 % 28% 22% 14 9 40 32% 20 10 3% 35% - 29% — 6% 10% 99 35 71% 18 • * 13% 15 11% ' 12'A 32 39% 9% 72 ' .37% 7% 6'% . 32 Va 92% — 11 90% 36% 21 . 14% 29% 50 90 % ' 25% •47% 34% 19% — 9% 83 Vb 303/4 30n/4 17% 27% 91 8'% 80'% 51 33 26% X30% 18 18% 97 % 115 15 100 91 85% 47 34% 27i/2 32% -35% 40% 115 27% 31 26% 30 20 100 * 11 12% 10% 38 % 109 • 36 Va - 94 8% 83 15% 45% 120 ' 95 .—-—10 Typewriters Inc Solvay American Corp 4% 25 44% 8 6 91 14 10 38% 101% 10% 16% ■ 15 Va 46 VH 129 94% 14% 7 13% 42 114 88% 54% 94 '-l: 16'/a 45 120% 13% 15% 12% 41% 113% 90 v 49 7% 13 Va 143% 12VS 161/2 11V2 112 44 120 x41% * 87% 49 12% y 101 97% 47 13% 15% 34'% 5 95% 12% 16% 127 91%. 44 5% 12% 40 V2 116 10 3% 16V8 11% 5 & Sons Carpet Co——20 cumulative preferred 100 preferred 11 55% 213/4 25 Va 22% 26 22 23% 19% 21 Va 20 23 18 Va 21 % 99% 101 Va 100% 104% 100% 104 '20 18% 99 27% 30V4 83 % 82 83% 80 84 91 93 91 94% 94 96 19% 19% 20 % 17 19% 15Vs 17% 20% 17% 17% 20 16% 20 16% 101% 983/4 99 96 993/4 97 ' 4.20% * 111 47 1034 9% 11% 19 Va 17 109 55 3/a 86% 35V'4 102% 104 15% 45% 138% 46V2 31% 73 15% 13 35% 11% 43 125 44 12% 8 23 % 13% 48% 139% 107 -15% 38 7% (Alex) 3%% 17% 112 33 43% 10 Co Corp 1 New 53 46 28% , 15 & Iron 19% 18 109% 61% 11% 93/4 30% 43- 90% 6% 6% _* * 1 15 1 —* Corp Co Sloss-Sheffield Steel 20% 113 57 Xl2% 85% 93/4 •11% 30 Va 41 r 12% 44% 84 . 25% 29 35% * Pen Co Coalition King -18% 109 % 110 56% 87 * * : Co G) (F 21% 108% 59 * 9% 6 x5 ',4 24% x24% 17% 18% 108% 26 % 30% 20 71% 14% 12% 31 1 * Corp—. Sharp & Dohme Inc $3.50 convertible pfd 5% 9 % 26% * Steel Corp 5 10% 23% 19% 17%44% Refrigerator Co' Seiberling Rubber Co 1 Seeger Shamrock 53/4 8% 261/2 53% 18% 50 15 % 5% Sharon 4 3/4 5% 10% 25»/2 111% 41 43 % 4% 5% 10 29% •17% 39% 5 12 26 ;->59% >14 5% 5% 10% 28% 109% 45 5 $4.50 14% 6% 11% 25% 20% 83% * of Co 16% 65 Seagrave Corp (The)— Sears Roebuck & Co— Oil /15%r 5% 10 V8 26 '99% 9Va 34% 15% 37% Seaboard 60 7% 10% 23% 111% 100 ' t - 14% 84 Co Finance 17 20% 55 17 .19% 9 9% 24% 18 13% preferred series A 5% 15% *17 ' 61 15% 18 ' 5% 6% 7% 21 110 5 pfd— Seaboard 5% 8% 21% ,55 9% 31 % 44% 95 91 % pfd— 6% 6% 21% 8% 28% 41 * 93% 90 Mfg Co 3.65% cum pfd Elec Co (The) cum 5% 19% 112 % 46 -20 108 41 5 1.75 -* * 100 Corp Scranton 3.35% -16%. 18% series A—100 Scott Paper Scovill 21 1 64% ' 10% 82 Savage Arms Corp Schenley 18 19' 54% 9% 80 5 Co 4.40% preferred . 6% 77/8 21 Co— Ry * non-cumulative Regis 15% 2 L:-l 1 5% Louis Southwestern 1st 6% 19% c Preferred series A 5% 8% 24 % ——.^.———5 (Jacob) Common 7% 21 % Inc Royal Typewriter Co., Inc.— Ruberoid Co (The) Ruppert 5% 7 com—1 25 Controls preferred conv Ronson 5% shares American Robertshaw-Fulton , 31% 34% 10 % .—10 St. "29% 32% 20% . (Robert) & Co-r- $1.25 St. x27% 33% 11% Reliance 1... 27% 31% 23 , 104 * Reliable Stores V ; 32% . 31 12% 13 30 36% 101 12 92 30% 16% 34% 101 94 28% 31 *39 11% 100 _50c Bros., Inc: 91 30%-';26 ;22% 20% 33% •97%. 29 34% 50 50 preferred preferred preferred cum -92 31 1714 9 7%. 98 287/a 50 Co non-cum 7% 95 * 1 4% Reeves 8% 25 4% Real 69% 8 10Q pfd Inc preferred Reading 9%, 66% 1 Rayonier Inc-^. $2 8% * $3.50 cum 1st preferred Radio-Keith-Orph Corp 22 . 1003/a 17% 100'/a Volume ,169 Number 4770 THE January STOCKS Low High $ per Share So American South Gold & Platinum Co when Common 5% Issued rights Porto Y8% ( Rico 3% 4% 4% 4% 4% 5% 6% 6 7% 6% 40% 15% ig3/4 497/ 13% 15% 12% 15% 12%* 13% 12% 1434 40 433/4 39% 42 40 11% 44 12% 387a 44 40 43 38% 40 43 40% 42 377a 38V4 42% 39'4 37 40 373/4 3734 295/8 30% 37 29% 36 30% 37 29% 30'4 297a 24% 23% 28% 30 22 28% 22% 26% 24% 28% 27% 30'4 303/s 28 3/a 27% 287a 26 30% 28% 275/a 30'4 30 26 s/a 27% 30Va 28 28 62% 567a 60 Va 59% 473/a 51% 493/4 46% 51% 50% 55% 53% 553.4 60% 54% 62% 54 33% 38 % 35% 39 46% 44 613/4 40% 48% 46% 50% 43 50% 43 Ya 467a 41% 58% 61% 58% 64%' 64% 69 67% 693/4 43 487a 67% 6934 66% 70 48% 383/4 70% 62% 63 70 % 68 Va 421/4 73 70 70 71% 71 66% 537a 66 71% 72% 70 72 70 71 65% 58V4 61 70 70% 70 71% 69 70 69 703/4 65% 68% 18% 16% 17% 16 xl7% 157s 171/4 14 16% 12% 14 15% 41/4 18 15% 474 6% 7% 71 73 16% 4 5 6% 6 15 4% 4 5% 7 72% 16% 6% 69 29 24% 2434 27% 20% X23 5% 23% 22% 28 */ 26% 28% 27% 30 2834 30% 27% 30% 26% 10 % ioia • 29% 104 25% 4 66% 68% 67% 223/4 243/4 23% 26'4 22% 28% 277a 30 251/4 2934 7% 14 113/4 13% 10 12% 9% 64%A 11% 64% 72 70% 9Ya 11% 74 9% 68 74 67 73% 20% : 70% 72% 69% 19% 22% 71% 20% 23% 66% 20% 22% 19% 21% 25% 18% 25 19% 17 28 23 26 22 20% 25% 25% 27 23 26% 215% 2334 22% 24 % 102% 98% 25% 22% 23 | 27 100% 84 87 82 85 84 103% 100% 237a 26% 253/4 84% 25% 19% 25% 19% 22%- 95% 86. 98% 86% 93% 97% 109 % 54% 62% 56% , 38% 98 85 103 27% 87 88 90% 27% 2334 89 97 955/8 107 993/4 61% 67 66% 108 lOOi/a 29% 89% 22% 99% , 102 283/4 96 90% 62% 103 24% t'21% 104 56% 60% 103/e 100% 26% I:' 88'A 108% 11% 25% 91% 88 27% 22 106 105% £5 115% 71% 69% 73 100 633/8 105/8 IOV4 66 68 Va 173/a 19 16 177a Xl5% 22 5/« 25% 213/4 257a 223/4 96 Va 98 95 vb 9734 95 96% 96% 22 26% 22 247a 20 '4 233/8 9034 83 89 79% 85 797a 8234 21% 23 % 20% 24% 21% 26 3/a 17% 25% 9234 95% 92 9834 98% 1097b 101 25% SO 26% 105 115 102 723/s 106 % 102% 1097a 106 % 65% 62 7a 93 121 105 63% 67% 61% 48% 47% 70% 53 465/8 52 60'4 707a 44% 641/4 48 3/« 41% 68% 78 4674 42% 48 82% 81% 813/4 92% 38% 47 78 88 77% 387a 41 y8 81% 72% 293/4 793/4 31% 75%- 82 Va 323/8 30% 35 71 81 28% 34% 28 Va 71% 29 74 ya 94% 29% 26 92% 94% 97 96% 963/4 26 Va 97 281/4 9734 93 2334 29 96% 24 93 26 Va 11% 12 % 94% 94% 89 91 12% 91% 14% -12% 15% 14 15 90 93 13% 94 14% 13% 97 14% 13% 14% 135/a 15% 15 12% 15% V 41% 47% , x46 41% 38 40% 38% 40 40% 41 41% 43% 413/4 42% 41 37% 42 41 41 41 37 40 39 37 39 41 38% 40% 40 39% 41% 41% 3834 40 38 40 40 41 13% 41% 40'/a 12% 38 5/8 40 11% 12% 11% 12%;; 39% 40 13 % 14% 13% 38% 15% 3974 14 15 36% 38 123/4 14% 37 14 32% 15 35% 12% 14 34 13% 387a 33 12% 34% 37 34% 373/b 35% 39% 25% 12% 38 147b 35 Va 12% 37 13% 33 94% 95 357a 94% 33% 35 96 96% 97 337a 94% 95% 3434 925/8 33 3/a 95 94 357a 94 89 91 31 33% 32% 36% 89 30% 34% 30% 34 89% 91 93 28% 31 27% 13% 33 39 13% 91 91 % 88 90% 89% 94 29% 32% 28% 30% 27 31 > r 13% 14% 13% 307a 15% 16% 241/4 15% 277a 12% 23% I334 12ya 25% 14% 16 29% 14% 273/4 163% 16% 127a 14% 14% 173% 151/4 16% 14 121/4 14'4 12% 14 153/4 13% 14 Va 18 % 17% 107a 133/4 19 18 11 % 19 13% 18 54 10 19 18 3/s 19 17% 18 3/a 1274 9% 15% 1774 15% 16% 16 16% 15 18 15% 17% 155/s 18 13% 181/8 13 21% 26 141/4 22% 27% 211/4 271/4 20% 225/a 14% 18 13% 16% 19% 20 17% 19% * 11% 141/ 12 13% 11% 12% igs/8 21% 16% 19% 16% 18% ni/. 9% 10% 10i/R ZZZ* 97 52% 100 cum) 113V2 1 58 n,? 10 * #97 xl2% , > 12% 10%; 96 h 9 94 14% 13% 16% 14% 18 15% 18% 15 Va 18 : 23% 22% 29 26% 29% 23% 28% 2334 103% 9% 93/4 10 34 91/4 9% 97 51% 117% 53% 50% 114% 115% 114% 116% 9% 11 »/8 10% 11% 98 115% 10% t 53 53 98 60 3/4 1163% 60 98% * 65 117 >4 13% 14 116% 25 15% 12.50 • 36 lOc _* : 9% 191/, Z25 145 50 16 10 4.16% 97% 98% 10 83/i' 97 98% 70% 66 69% 118% 119 67 116% 120 38% 21% 160 34%- 36% 36% 38 373/b 40% 9% 11 37% 10% 9% 11% 103% 113% 10% 18% 21% 141 18% 151 14 18 19% 140 '• 23 200 14% 22 % 7; 24 % 185 17% 225 16 3/4 23 >4 209 18% 16 25 % 227 934 24 27%/ 232 , •i 116 137a 12 137s 11 13% 103/4 18 19% 18 17% 18% 241/4 1974 19 % 23% .20 34 2334 19% 22 187a 20% 40 3774 383/4 3834 41% 37% 4074 371/4 391/4 23 % 191 117 103/s 9% 253/8 200 2374 175 10 Va 97b 277a 25V4 190 180 118 11 91/4 x27% 195 147a 18 16 187b 42 44% 39 14% 43 40 16 5/a 435/8 135/a 39 V* 43 153/a 38 43 34V4 42 31 36 95/8 11 81/4 10 87a 934 32 28% 297a 83/4 103/4 40 % 38 39 38% 40% 40 43 15 15% 15% 16% 14% 16 14 15% 14 35 347s 107a 13 11% 412 97a . 10 Va 35% 30% 18% 22 16% 19% 16% 19 163% 18 % 14% 17% 197s 15 17 21 20 f4% 16 17% 17% 20% 19% 13% 15% 22% 121/4 213/8 255/a 13% 26 21 237a 21 22 80% 20% 22 5/b 82 21% 241/4 91 80% 88% 81 85 5 5/a 63/8 Corp 1 84 53/ 87i/„ 85 6a/4 5 86% 6 83 85 4% 5% 5% 32% 81 % 6% 5% 88 90% ' 73/8 7 33 87% 534 9% 10% 5 4i/b 3% ' 4% 4% 4% 43% 4% 4% 5% 4% 5 iri/2 5% ir 15% 16% 14% 16% 16% 191/4 175/8 19% 17% .25 193/a 17 53% 60% 52% Producing Co Sulphur Co 1 10% 1334 io3:, 43/4 23 , 17% 57% 21% 9% 52% 17% 57% 11% 11 5434 56% 47 55% 53 convertible 46% 37% 45 41% 29% 35 30% 373/4 29 33% 47 50% 45% 48 48 13 16% 11% 13% 11 21 18% 19 % 17% 19 Products 6074 52 601/4 52 557a 22 17% 4 5 4 20% 59% 643/a 173/4 59 67 20% 64% 71% 62 151/4 67% 187a 60 Ya 65 63 47% 56% 48% 68 Va 59 53% 47% 69 523/8 44% 50 44% 467a 237a 207a 25 19 473/4 40 34 48% 39% 43% 35% 425/8 35 41% 407a 453/4 611/4 57% 65%' 403/4 60 45% 64% 55 3534 62% 54% 58 52 597a 53 16 l85/8 55% 46 14% 16% 13% 54% 15% 12 15 12 19% 22 137a 173/4 193/4 1034 14% 17 18 17 453/a 10% 4874 24 18 16 17 147a 167a x143/4 15% 11% 9% 113/4 41% 39% 42 38% 413/4 28 12% 13 12% 13% 13% 15% 13 934 7% 83/4 21% 23% 19% 19% 10% 10 Va 10% 10% 10 42% 48 % 39% 46 44% 92 85 89 87 87% * Co 3% 4% * 25% 27 % 3% 22 8% 46 7% 9% 21% 8% 43 40% 11% 734 10 Va 19 23 21% 24 21% 23% 20% 22% 8% 9% 8% 55% 52% 91% 931/4 19% 10% 8% 9% 58% 51% 565/8 55 95 93 95% 913/4 93 89 Va 22% 283/4 X27 % 102% 101% 31% 103 191/4 53 % 45 48 44 50 50 52% 50 55 2 Corp 17% 47 11% 13% 10% 12 10% 11% 11% 12% 11% 13% 22% 18% West Air Line Inc_5 17 20% 17% 20% 19% Steel Forging—'1' 15% 17% 15% 16% 15% 1 514 83/4 5% 6% 5% Corp preferred ♦ Co- 102 104% 98 104 97% 18% 17 20 7 100% 993/4 18 y8 20% < 16 233/4 16% 7% • 20 / 73/4 104 7% 100% 3 3% 23% 26 23 Va 23% 20% 215/8 4Va 29 preferred . prior preferred Coach Co f 23% 54 13 45 85 87% 4% 3% 334 104% 1017s 1021/4 1031/4 101% 103 19 5/e 22 21 171/4 51% 2T% 217a 4734 51 173/4 183/4 48% 52 47 49 401/4 48 40 43 13 11% 12 11 113/4 11 1274 10% 12 10 107a ■ 103 12 17% 13 14% 13 15% 13% 153/a 13% 19%- 15% 95/a 20% 16% 147a 10% 12 18% 16 17% 16 17% 16 18% 9% 151/4 10% 1834 8Vs 16 10% 16 5/a 9% 6 s/a 103 104 103 107% 345/8 35% 98% 99 3414 3514 33 34% 33% 35 343/4 36 34% 36% 92 35% 94 92 93 94 94 96 96 98 99 99 12% 43 88 3% 101% 19 10% 51 86 37B 20% 21% 12% 44% 88 74 3 7a 104 Va 173/4 9% 55 :«■ 85 5/a 4% 18 5/a 17% 11% 51 91% 3 102 Va 24% 10 57% 887a 23% 18% 1414 52 * 25 17 12 8% 291/4 20% 1 20% 77a 8% 225/a 173/4 30% 195/a 8 5/8 23 27 25% 24% 221/4 8% 778 2734 15 27% 71/4 193/4 215/s 31'4 21% 25% 8% 22% 15% 30% 6% 27 25% 29 8% 283/8 143/a 32 % 7% 8% 30 7» 223/8 30% 23% - 131/4 25v4 14% 50 conv 357a 26% 25% 7 343/a 42 2734 12% 5% 4134 7 29 .19% 7 6% 36 40 93/4 281/4 25% 20% 5VB 5% 26 Vb 14% 6% 734 285/s 19 6% 6 30% 12% 7% 77a 26 1474 6% 127a 25% 22% * 5% 251/4 13% 31% 141/4 * 7% 30% 13 104 % 25% 103 19 * Co 5% 27% 133/4 7 42 8 8 3/a 31% 13% 11% 21% 10% 104 3 * $4.50 2074 8 Va 77a 2774 - 47% 32% 1041/B 1055/8 50% 3% 8% 117a 19% 28% 102% xl2 3 * Corp 7 93% 1003/4 19% 40 57 4 ~ 41 10 29 17 8 53% 105% 18% 9 10 * Roller Bearing Co 8 5/a 59% 23% called 5 42% 10% 21% Xl9% 22% 98% 102 8Va X40s/s 3% 21% 7% 11% 243/4 99 8% 10% 23/4 19% 8% 12 20% 97% 10 10% 3% 981% 13 5/a 4534 23% 24 30% 13% 42 1% 20% 28 133/4 46 3/4 19% 95% 7 2934 13% 40% 88 88% 83/e 29 13% 103/4 51% • 54% 7% 30% 13% 21% 19 A 10% 8 5/a 7% 28 15 13% 7% 22 10% 40% • 45 43 9% 7% 8% 3% * Timken-Detroit Axle Co 9 25% 10 46% 20 3/8 19 39% 46 247a 41% 15% 13 42% 207a 43 16% 42 47% 2434 20% 12% 46 181/4 653/4 13% 39% 8 157a 58j/4 * 18% 131/1 9% 43/a ; 10 yB 100 prior preferred— City Rapid Transit 4'/a 61 46% ; Coal 17 4 53 50 10% 334 157a 20 91/2 8% x10 43/a 545/8 24% ios/B * Twentieth Cent Fox Film 10% 58 20 Va 4i3/a preferred Truax-Traer 97b 5374 253/8 X9% * preferred & 103/4 5% 61 Va 22% 11% 25 Williams 84% 434 I8V4 25% 10% Thompsop-Starrett Co Inc Tri-Continental 24 6/a 79 15% 22% 12% 1 Oil 217b 6'/a 18% 24% 11 Inc Associated 24 85% 153/4 57 14% _50 uo preferred 20% 83% x47a 17% 651/2 12% (The) (J h> lo'/a 12 5/a 15% 573/a x33% : 14 19 Transit Corp Thompson 103/4 6 934 4% 67 * preferred cum Tnompsoii 5 5/a x29 175/s 613/8 1 Transcontinetal 10% 32 3/a 4% 6434 » convertible Transamerica 1034 2934 16% 58% „_5 Co_: Preferred 10% 337a 58 , 51% * Co Avenue 5% 19 6% 20 48 50c preferred Mfg Co Inc Thomas Steel Co 11% 434 534 29% 46% 58 41 ._i pfd $2.50 10% 88 61% A- 100 Co common cum 11% 71/4 '34 Trust-^- ctfs Water 10% 90 327b 19% * 10 Thatcher Glass 10% 34% 57% 21% 10 Co.. New Inc 93% 10 95/a 26 173 17% 39 34% 23v4 150 16% 16% 32% 9 26 182 18% 43% 35 113/4 17 16 x30% 117a 11534 197a 19% * " 115 173/4 34% _ Oil 213/4 145 Inc.—_♦ Products 62% 193/4 38% 36% 7% x92 1834 24% 4 >22% 37% 43/ 10%' 9% 192 591/4 118% 39 10s/8 1161/4 6% 91% 11% 211/4 2814 8% 707a 115% 70'/a 18 26% 235 6 Va 61% 95 67 19 Va 41% 97a 92 70% 14'/s 39 25 96 65% 119% 14% 20% 221 9Va 95 13% 12 3/8 19% ' 734 116% 15% 21% 11% >9% W* XlS% 137s 24% 34% x7% %/ 95 Va 68;//69 / 10y4 16 Va ■' / / 95 , 20% J. 263/4 /V') 11% 25 • ; Va 14 12% 151/2 1 12 17 131/. 1 i4i/_ - 13% 5 A / 1: 1 Ry 11371 74% __20 Co Land 106 27%. 41% g Pacific 20% 1021/4 39% ___15 America Pacific 90 99 1 Co Sub-share 115 : 21% * Inc & 1067b 257a 100 11% ZZZZ5 series Coal 177a 87a 17% 27%!'. Corp Gulf 195/a 81 • 2834 66% 151/3 * Pacific 7'4 62 75%*- (James) Texas 26% 8 70 27% 99 28% 5 247a 50 Corp Texas 22 86 % 103 67a «... 263/4 26 16 9 67 26 61% 10% 5 67 28% 17% ■ 09 13% Inc Gould & 43/a 534 25 Inc Fair 6'4 434 1 preferred... Thermoid 4% 6% 10% 20% 100 6 Va 5% 69% * * 5 6% 15% 98% 28% 100 6 5% 64% 70 27 8 434 6% 69 21 10O Electrical Gulf 6% 5% 63 26 * Co Texas 5% 7% 29 25 preferred (4%% oil Corp.._ Texas 7% 71 26 irs,- (Del) A Tennessee 5% 8% 70% 29% ♦ Corp.._ Telautograph Twin 734 69% 72 26% International .Ltd $1.50 6 ! 67% pfd Superheater Co (The) Superior Oil Co (California) Superior Steel Corp Twin 16 734 26 • preferred series B Sunshine Biscuits Inc Sunshine Mining Co $6 8% 20% 6 23% ioo3/s 4% % Transue 7 72 18% 28% « preferred series A Timken 6% 24% 1 Sun Oii Co— $3.75 20% 4% 7% 6% 72% 17% 5% 29% * Chemical Corp. Tide 18% 4% 28 5 . prior preferred— of 16 1 Stewart-Warner Corp Stokely-Van Camp Inc Sweets 47 64 1 preferred Paper . 71 • Sterling Drug Inc____ Sutherland • GO'/a Zl preferred preferred '■ 100 (Indiana) Webster ' 13% 100 Inc Co 43% 56 30% 41 • 41% — & 43 53% 39% 38% 25% convertible 45% 57% 60 43% 96 4% 13 38% 91 $3.50 14% 39% 96 Third 133/4 25% 95 Cqnv 13 3/a 16 ZZZZZ* Starrett Co (The L S) Sterchi Bros Stores Inc 1 12 14% 27% 55% 3% 'o preferred series A Standard Steel. Spring $2.4o 15% 39% 37% The 14% -- 5434 x27% 24% $1.25 56 38 70% Textron 45% 543/4 26 73% & 45% 57% 27% 27% Texas 45% 54 38 39% Texas 45 57% 14% 40 24% Talcott 45 ' 53% 25% 69% Symington 44 55 "77a 37 36% cum 43 CO er- ^CO 36% 78"% $4 44 37a "7% 1 41% 31% Sylvania 41 ~8% High Share 33/a 29% 43 Swift 42% 1 "7% per 41% 69% & 44% 4 38% 26% Swift ~7% 31/4 38% 10 Co ~7% 4 26 % 25 Sunray 4%% ~8% Low $ 29% (0hi°) Class "73/8 35/8 4 December High 42% (New Jersey) $4.50 "8% 60 California Low $ per Share ~ 41 1 of November High $ per Share 27'A Co Sun 7% 1/64 Co Studebaker 43 40% 40 011 & ~7% 20% ___* Standard Oil Co Stone ~7 52 39 Standard Oil 5% 3% 48% preferred P) 3% asa ZZ 9 (J 35/8 22% prior preferred Stevens 4% 43% cum 3%% 3% 20% preferred Standard Gas & Elec Co $4 $6 prior preferred ; 4% 4% Co. Brands Low High $ per Share 51 Square D Co Squibb (E R) & Sons Oil 3% 7% Spiegel Inc Standard Low 247/« — $3.50 High 45% preferred Standard $ per Share 22 preferred October September Low $ per Share 7% r •_ Spencer Kellogg & Sons Inc Sperry Corp (The) $4 August Low ♦ Railway conv July High High (361) Co.. Pacific Spear & Co— $4.50 Low $ per Share 5 6% 411/0 25 Spaiaing (A G) & Bros Inc Sparks Withington Co (The) $7 4% 5% II 5% non-cum preferred Mobile & Ohio certificates • 3% G% 43 Sugar Co__ Common "when distributed"-. $5.50 High !■ 41/- "50 5 CHRONICLE June $ per Share G __50 preferred Southern May Low $ per Share „„ Southern California Edison Co Ltd...25 Southern Natural Gas Co 7.50 Southern April High Low High $ per Share ___ ~ rights 5%%, convertible preferred Southeastern Greyhound Lines. South Low $ per Share 4.50 ZZZ — preferred Preferred March February High Low & FINANCIAL 3 a/, Carolina Electric & Gas Co__7.50 -Common ;; 1 COMMERCIAL 36 100% 6% 8% 26% 31% 24 30 11 13% 11% 13% 6% 8% _ 6 Va 8 27 30% 10% 12 8% 9% 774 97a : 87a 100% 103 Va 99% 103% Xl6% 19% 1474 177a 1574 183/4 215/a 1874 2178 a 19 Va 3334 35 33 x34 323/4 98 99% 97 98 96% 6 34 634 5»/4 26% 28 % 25% 10% 7% 9 6% 29 97a 98 100 16 34 96 9 100% 67a 97 133/4 16 20 173/4 20 3/a 337a 313/4 331/4 31% 98 98 997a 98 5 V4 61/4 434 5% 7 26% 29% 24% 261/4 774 834 6 V2 8 131/4 73/4 IOOV4 151/4 20% 45/a 25 55/a 321/4 99 5% 27 7% U Udylite Corp Underwood Union 1 Corp__ Asbestos Union Union (The) Bag & Corp Carbon & ■ Co : Corp of Mo $4.50 $3.70 series 3%.% Union Oil Co Common 4% of RR preferred California 11 10 11% 93/4 9% 11% 10% 46% llVs 49% 45 51% 513/4 553/4 53% 58% 56 11 % 10 10% 9% 12% 11% 14% 13% 15% X14 * 29% 27% 31% 27% 313A 31% 34% 34% 39% 96% 103% 103% 115 3/4 * series—* 100 __25 Co 100 new 9314 34% 102 93% 106 109 107% 86 90 100 11 10~8~% 112 91 22% 152 26% 165 90 109% 108 21% 154% 24: 163 87 22 3/4 157 88 109% 92 91 86% 40% 107% 87% 26% 25% 168 167% 89 30% 182 111/4 10 10% 97a i0y2 934 531/4 5834 52 533/4 48% 533/4 49 % 52 41 16 '/a 511/4 39 44 13 3/a 15% 127a 14% 12% 133/4 13 35 5/a 135/s 11% 13 s/a 397s 11% 13% 31% 363/4 32% 367a 2974 35 % 31 337a 2734 331/4 297a 33 v* 4074 42% 39% 43 39 417a 39 42% 39% 43vs 37% 431/4 39% 413/a 1043/4 1041/4 108% I2534 42 921/4 1073/4 10 591/4 5/8 IO934 89 28 5/8 90 333/8 190 110 106% h-* O CD 96% 177 1071/4 98 96% non-cum preferred 100 new Car 9% 10% 97a 87 106 s/a 103% 1057a 103 106 103 90 85 87% 81 86 81 823% 82 83 80 83 371/4 31% 183 1031/4 97a 82% 3274 86% 387a 331/4 35% 30% 34% 31% 337s 28'4 33 28v4 297a 85 96J4 8534 92% 8574 92 88% 93% 793/4 92% 8334 88 495/s 513/4 485/8 50 45% 49 46% 48v2 46 47 38 3/a 46% 49% 41 33% 38% 34% 3674 36v4 39 33 397a 3334 37 192 .50 93"% 101% 98% 100 96% IOO14 32 32% 36% 50 98% 101% 35% 37% 100 >4 105 99% Co For footnotes see page « 15. — 1053/4 ' — Tank 1034 97 — Preferred Union 10 5134 10% * cumulative Union Pacific 12 473^ " . Union Electric Co , 10% * 5 ; Rubber Paper Carbide New & 3134 35 34% * 37 41% 39 . 417s 14 Low > ' United Aircraft 5% convertible United Airlines Rights Biscuit United Board Carbon United-Carr $3 1st $4.50 S U U S S Rubber S U 8%* S U S 7% U S United $4.20 21% 207a 21% 20% 227a 21 23 203', 22% 117a 217a 26 19% 23 19 Va 9% 31% 31 3% 53 41% 2% 6 68 2% 43% 6% 70 23A 27a 31/4 443/a 44Va 45% 313/, 36% 33 38% 33 29% 303/s 29% 30 47a 43A 37a 43% 3% 31/4 37a 477a 3 44 3A 45% 477a 33A 5'/a 4 55 52'A 4% 61% 67 Va 43A 674 61% 6 • 66 V, 77a 76% 8% 7 9 67a 82% 57a 66 81% 77 53A 7% 77% 70 71 67 69% 65 % 67% 60% 67% 60 63 207a 25 21'A 24 19% 23 Va 20 23 24'/a 22'A 257a 233A 43% 46 3A 433/4 457a 40 Va 42'A 40% 4 3'A 41 44% 38 7t 44'/a 373A 41 52% 5574 52 547a 50 Vt 543A 50 Va 55% 50% 547a 50 Vt 54 7s 50 Va 53 % 20% 207a 22 213/a 22 21% 23 217a 227a 21'A 22'A 207a 21'A 207a 21 Va 20% 217a 197a 22% 22 Va 183A 21% 19% 16 137a 157a 15% 18% 17% 21% 18 3A 21% 157a 19 147a 167a 13% 1574 133/4 15'A 12'A 14'/a 11% 12 % 14 327a 26 31 25 Va 28% 23% 29% 25'/a 287a 20% 283/a 21 Va 24% 95 97 94 93 94% 93 95 93% 95 19% 16 Va 19% 16 Va 18% 108'A 99% 103% 15% 22Va 16%"" 14% 15 % * 17% 90% 16% 21% 16% 19% 17 '/a 21% 21Va 257a 237a 32% 297a 97 18 Va 89 92 90 Va 96 927a 95 94 3A 99 98% • 93 173 105% 175 __5 13 72 14% 72 24 21% 18% 17% 18 92% 98 94% 101 93% 170% 175 171 % 175 174% 12% 14 11% 14% 33% 70% 69% 74 72 76 38% 40 37% 411/4 38 41 17% 20 Vs 18 6% 6V4 7'A 61/4 30% 29% 317a 283/4 5% 26 34 19% 7% 50 Va 53 % 49% 25% 29 l/a 25-% 87 87 90 38% 43 38% 41% 66'A 72 Va 134 18% 45 130 ' 70 67 Vs 131 6% 24% 15% 8% 8% 46% 53% 45% 52% 51% 56% X57 57;,A 56 58 58 56 58 3174 31% 37% 34 36% 31 35% 29 33% 26% 31% 91 93% 92 94 931/4 94 20% 92 88 Va 90% 42% 4174 463/a 4274 497a 44%, 49 Vt 44% 49 47% 7% 40% 54'A 58 52% 23Va 30% 22% 26% 90 87 88% 86 44% 46% 42% 55% 30% 89 47% 38% 46% 37% 136% 13174 127 132% 129 134% 127% 128% 131% 130% 53 57% 51 58 Va 47 53% 45% 48 % 43% 48% 42% 46 37% 45% 37% 68 Vt 72 68 70 68'A 72 69% 71 69 Va 70% 68 69 65'A 67% 64 65% 63% 73'A 78 »A 74'A 81 783/a 827a 76% 83% 75 % 79% 77% 82% 78% 87% 69% 85 Va 69% 72% 1407a 136'A 133 Va 136% 138% 133% 138% 133% 136% 136 138% 135 140 136 138 140 133 134% 132 133 17% 19% 18 19 18'A 193/a 18 18% 18 Va 18% 18% 18% 17% 18% 17%. 18% 383/a 40 Vt 41 42-% 4074 42 38% 42% 41 41'A 38% 40% 37% 38% 37 4% 5% 47a 9% 10 Va 974 10 97Va 5% 4% ~5Vs 34 31% 31 Va 30 1 17% 16 16% 16% 1 4% Co Inc—___• 20 Va 5 Va 6'A 53/a 5% 5% 5% 5 Va 5% 5% 5% 5% 5% 4% 12% 10% 12% 9% 10% 9% 10% 9 Va 10'/a 9% 10% 8% 10% 95 98 96 98% 95 89% 89% 90% 91% 88 5 6'A 4 ~3% ~4% 3% 4'A 3% 4% 3 4 4% 19 20 Va 150 154 Va 152 14% 11 13% 10% 15% 64 56 59 56 Va 66 19 Vs 4»/a 23 »A 30 Va 17% 77a 197c 161 170 167 13'A 13Vt .,151/4 63% x 17V4 187a 474 156 12% 100 32'A 20 3/8 4 19% 154 57 —1 16 3/4 17% 4% 20% 4% 5% 30 30 30 30 41/4 5% 41/4 4% 671/a 15% \70 67 19 % 39 4% 5% 1078 96 96 C5% 3% 19 5% 23 163 % 159 94 6 % 164% 164% 18% .7% 9% 8% 23 21% 164 163 Va 165 + 25 24'A 17 Va 19 16% 5% 5% 7% 22 160 20 165 21% 22 21% 160 23 27 . 17% 19% 8 1078 24 30 17% 20 23% 22 5% 27% 32 95 ; 159 8% 85% 88 2% 4% 10% 88 3% 28 25 27 22 24% 18% 16% 18% 16% 18% 19% 7% 5% 19% 21 156'/a 157 •21% 155 153 10 4% 6 4% 6% 21% 160 8% 10% 7% 66'A 38 - X39% 11 5% 43% 18 Va 19 17% 38% 5% 40% 126 38 10 88 126% 121 135 126 19% 8% 8 47 53% 28'/a 39 4% 7% 42% 49% 56 17% 16% 50 ' 8 7% 50% 13'A 553A 74% 5% * 18% 11% 5% 4% 17% 14% 131% 126% 69 129% x44 11% 7% 47% 287a 57% 22 14% 43% 8 7% 4% 18 Va 12% 15% 11% 43% 5% 23% 38 Inc 7% 10 8'A 12 147a 10 12% 10 Vs 11% 64 % 68% 62% 66 61 63 51% 61 49% 53 Va 47% 51% 42 47% 24% 12% 20'A 23 ^ . 16% 14% 167a 147a 19% 19% 22 ID'A 24 Va 21 Va 23 " 21% 243A 20 221/4 20'A 19% 14% 12% 14 12 3A 143/4 133A 15 14 15% 13 V, 15'A 12% 137a 12 13 11% 22'A 32% 27% 13% 11% 12% 10 —10 Inc 14% 21% • 2.50 Co Sugar 39 44 24% 23% 25 Vt X24 267a 25% 26% 23 2 5'/a 24 Vt 22% 24% 22% 25 Va 25% 2174 227, 13 Va 12% 13 Va 22% 19 Va 21 Va 86 88 85 Va 6% 2.50 24% 12% 25 26 213/4 13 Vt 12% 137a 13 14 29 % 26% 22 25% 23 3A 25 V, 86 86 86 913A 47% 42 100 87Va 89Va 87 Va Chemical Corp * preferred -100 Virginia Electric & Power Co * partic 8% 10 % lOOVs 106 14% 16% 7'A 93 ■ t- 44% -' 373A 89% 9% 153/4 17 Va 113 Va 114'/a 109 114 15% 12% 143A 12'A 147a 12 3A 13% 13 13 Va 26% 22 3A 25% 237a 247s 23 24 V, 22 8% 8'A 1133/8 177a 16% 114% 45 96% 133/4 121% 183/8 xl7 % 113 25 25 25 5 20 20 preferred preferred Visking Corp (The) Vulcan Detinning Co (The) preferred — 'A 11'A 117 16% 92% 87 88 88% 88% 86 86'/a 38 41 37'A 40 37% 39% 33 37% 32% 37 3/4 85 85 87% 90 92 112 173/4 163A 117% 1137a „• • 21% 213/4 23 " 116% 167a 173A V' 12 3A 11% 110 1247a * • • 173/8 ' . ■ Xll2% U6 91% 9% 85 89 12% 91% ■ 147a ll'/a 13% 123 115'A 92% 47 92 95'A 94 20'A 10% 11% 102 114 98 15% 17% 16% 16% 95% 111% 113 113 18 20% 19 19% 18 20 18% 19% 18% 18% 1874 37% 35% 37 Va 35% 36 Va 35% 37% 37 38% 35% 38 36% 37% 35 3A 37 33 35% 32% 34%. 30'A 32% 33% 317s 347a 33 34 % 31 Vt 337s 31% 3374 31'A 33% 30% 323/4 30 Va 31% 34 34 31 Va 32 33 Va 32% 34% 34 39 Vt 36% 39 J/t 36 39 34'A 37 32 V3 34% 32 33% 29% 32% 28% 30 23% 30 28% 31 30 32 30 31% 297a 30 287a 28% 28 Va 28 297a 29% — 32% 31 64 66 62% 14% | 30% 30 31 62 03% 62% 64% 60% 63% 57% 59 58% 60 59 61 14% 30 64 62% 63% 60 % 63% 15 Va 14 15 147a 15 32 33 Va 16'/a 114% 33% 28 Va 32 29% : 15'A 30 Va , 18% 30% 29% 30% 17 15% 14% 15 14 14% '■ 13% 14 Va 137a 14 13% 14 31% 35% 33 357s 31'A 33 Va 30 3A 33% 30'A- 31 30'/* 1007s 29 247a 26 Va 25% 28% 31 31 31 60 58 60 13'A 14 12'A 29% . — 29 58 ■ 33 105 25 % 27 % 31 30 •30% 29 9'/a 100 16% 28 32% 32% 28 32% 32 14% 112 114 111 114% W«~"' __ 16% 1/256 —. 115% 97 108% 14% , 8 Va 11% 8 107 35% 31 % 32% 32 85 V3 91'A 93 21 ' 2374 393/4 — —• :1153/8 1137a Virginia Iron Coal & Coke— Virginian Ry Co 89 107a 93 95 48 110 18 Va 1137a 94 45 10% 11.3/4 98% 93 95 Va 96 3A 93 X20% 9% 91'A 94 40 Vt 453A 43 43 % 23 Va 90 92 > •. 13 Va 21% 24 90 Xl2% 22% 12% 89 13 92 1 " 1143/4 167a — — 100 "* 977a 7 Va 93 106 — 91 — — — — 90% X23 24 Ve / 127a 23% 42% Virginia-Carolina -25% 14% 5 Works preferred 'A 4% 8% 48 24% 4% 5 21 V 25 % 19% & Pacific Ry Co_100 preferred 100 < 5% 5 21% 66 19'A 29% 49% 67% 9% 93 5 31% 5 * —2 -10 1 21 40 % 5% 100 Rights $5 preferred 66% 34 18% __1 Co Inc_. 70 38 25 Corp— 68 30% 16% 8'A 52 Va 70 Va 24% 27 15% 17% 54% 70 6 Vs 5% 29% 9% 8 9% . 31% 90% 44 134% 6 19'A 8% 173 Va 171 172% 166% ll'/a 9 71 9% 9 169 v 34 29% 45% 75% 17% 48% 166% 99 107 68 52% 131% 68 68 93A 53 11% 48 67% 47 8% 9% 171% 10 32 Va 27 7 293A 95% 168 50 3A 125% 46% 207a 183/4 201/4 8 6'A 28% 95% 106 443A x42% 133 42 78% 140'/a 8% 73/a 31 17 Va 20% 12% .70 38% 18 172% 11 71 >33 107 168% 13% 71 37Va 41% 137% 131 179 11% X90% 21 98 110 174% 16'A 69% 9Va 45'A 100 179 13 Va 71 33% 9Q% 41% 11374 176 Vt 39% 53 89 103 17'A 13 Va 70 7 6 19 21% 18% 33% 44% 28'A 23'A 21aA 100 ' 113 177 1474 98 71 71 9 Va 49 177 101 177% 99 101% 13 24'A 19 20% 18% 18% 39% 9% 45'A 9 100 Co_50 50 * 15% 29% 36 42% 10 20 10 1 100 A 8% 6% ♦ A 42% 37Va * Inc — Steel 57a 6 70 80 58% of America dividend 5% 2% 42 Vt 4% 77a 44% Co— cum 6% 5% Ve X39% 45 40 7% 6 63A 2 21 Va preferred preferred- Chemical 453/4 46 45 41 3'A 2 Vt 41 ; non-cum 44'A 2% 44% ' 3 Va 2% 3% 443A 42 \ 543A 2nd Co 37a 33/8 27a 33/4 46% 274 22 3A Mining Tobacco Corp 37, 4474 3% 443A 46% 4 Va 487a 463/s 3 33/a 3 433A 3 Va 46% 4'A 49 47 53 56V4 Shreveport 7% 34 313/4 43% Vick Chemical Co 6% 297a 31% 24'A ;"s Norman , Va 33% 197a New ; 33 30 537a Corp_ Vertientes-Camaguey i 29% 35 393/4 v ; 343A 33 V, 20 . conv 10% 333/a 36 54 46 2 Va 13'A 353/4 34 341/4 3 % 33/a 51 11 327a 35% 54% •' 6c/o 31/4 46% 14 3A 343A 40% preferred cum 3%% 37a 53% 41% 27a 43 30% 33% 31 3 51 13'A 32% Corp— preferred Victor 15i/a 35% ' 17 * Universal Pictures 5% 2% 40 34 29% 4 52 Va 8'A 6'A 50 Corp__ preferred Laboratories Raalte 30% 3% 48% 9'A 8 37% Corp series & Leaf Van 29 10% 9% 12 417a 10 Universal Van 4'A 55 100 Universal Vicks 197a 513% Co Universal-Cyclops Vanadium 213A 12% 100 non-cum 4%% 20 21'A 193A Wallpaper Inc cum convertible preferred 8% 19 48 United 4% 217a 16% Corp convertible $6 64 19 20 3A 22 38 preferred,: Refin Stores 59 33 * Stockyards United 70 20 100 1st non-cum 57% 20 Co_____ Tobacco 69% 56% preferred 1% 13% 63 42% preferred cum Steel 107a 7074 14 1 Smelting .7% U 14 63 United to Chemicals non-cum 11 Va 78% 347a - Corp preferred cum 13% 71 123A Co Plywood 11% 79 18% preferred Pipe & Foundry— S Playing Card Co 3%% 15'A 77 Va 50 4 Va % U 12% 82% 37% U S U 173/8 78 31aA Co Lines 14% 90 Corp convertible class & 19Va 85'A 13% * Industrial Leather Partic 16 3% 89% 32'A * preferred U S ll'/a. 19'A 837a 10 5 107 1678 1 Machinery U S 103/a 105 90% IIV4 13% preferred cum 13% Co—5 Co preferred 4%% 27% 106'A 5 Securities Hoffman S 22'A 103 Vt 25 Gypsum 7% U 28% 108 Va 187a 283A Freight Co S U 27 80 Va 143% Inc Jan Carbon & Foreign 24 3A 22 Va 28% Co changed & 108 High $ per Share 17 33V4 Cos <fc Foundry Paperboard Low High 86 12% 30c Improvement Co United Low $ per Share 183/4 5 1 Mfrs December November ' + High 106 27% 26 107 Low $ per Share 80 27% : Merch S High 85 • 1 Co United Board 27 Vt 108 % 107 109 Va 108 Low $ per Share 18 % 15% * Stores Corp Coal Fruit Name 1103A 25% 30 Va 25% 30% 27% 108 110 High $ per Share $ per Sharo October September August Low Low >High 97a 35 (The) Engineering & Low $ per Share 19 100 United Gas 30% 27% xl08% 13% preferred United United 30% 110% 29% Corp Electric 27% 107% 10 Corp preferred United High 77 Va * Corp Fastener Dye wood 107 .•* Carton Corporation 7% 29 109 25% 26 107% Low S per Share $ per Share July High June May April High Low High $ per Share 16 10 100 preferred United U 22% 106% Co convertible United 26 % 107 'A America & Low High Thursday, January 20, 1949 CHRONICLE FINANCIAL & • pref Cigar-Whelan $3.50 23'/a 105% Inc of United United 5 — -- Low $ per Share 100 preferred cumulative 4% % High $ per Share Corp March February January STOCKS _ United COMMERCIAL THE (362) 32 28 W Wabash Waldorf RR preferred System Inc Walgreen »cr 4Vs% Co Co 4%. preferred ; •Walker (Hiram) Walworth 5%% ; pfd (called Jan 26) 3%% pfd (called Feb 9) Washington Gas Light Co, Wesson • 5 Co 5 1 Mills Tobacco Inc Oil & Snowdrift Co _* New Inc West West Penn Electric Class 7% 6"/ii West Co common : - preferred preferred Penn 4.20% West A i Power Co 4%% pfd preferred series B- Virginia Coal & Coke—. West Virginia Pulp & Paper Co Preferred 4%% series Lines Western Air Western Preferred Western RR series Union 100 100 100 _100 5 • 100 10 100 100 Supply Co Western Maryland Ry Co 4% non-cum 2nd preferred Pacific * -* 1 Inc Auto Western 5 * —* 1 Indies Sugar Corp • 11% Co : * 100 A Telegraph Co cl A * Westinghouse Air Brake Co (The)-—• Westinghouse Electric Corp.., 12.50 3%% cum pfd series A 100 3.80% cum preferred series B 100 Weston Electric Instrument Corp 12.50 " For footnotes see page 103 Va 102% 277a 23 26% 227a 25% 22 V, 23% 10'A 13% 11 133/a 10 Va 12% 10 Va 103A 97s 11'A : 13 Vs ll'/a 102% 23 Va 13 y« 15 14% 16 14% 16'/a 14 Va 15% 13% 15'A 14 167s f 101 97'A 99 96 Va 98 937a 96 93'A 15. 22'A 237a 107a 874 10 '/a 16 Va -14'/« 94:,/4 92'A 94 9'A 86% 86 90 85 ::.94% 94'A 10% 13 Va 12 133/8 11'A 14 10% 12'/a 10 Vt 11% 10'A ll'/a 97a 11'A 9'/a 27% 25% 29% 27% 29% 27% 31'/a 27 Vt 30 26'A 24% 26% 223/4 25% 24'A 277a 25% 29 32 20% 25 Va 22% 26% 26 y8 323/8 29% 343A 283A 327a 25% 25 273/4 22% 26% 23% — 9 27'A 25% 257s 22'A 10'A • 91 —, . ' 21% 23 17'/a 18% 22% 24'A 18% 18% ' 24% 26 Va 25% 27 25 27 Va 23 25% 22% 24% 22% 19 20% 18% 20 18'A 18% 18'/a 18% 17 Va 18% ! 17'A 19V4 181/4 191/4 17% 18'A 17% 25'A 29% 25% 29 24% 28 - 25% 5% 5% 6% 5% 44% 43'A 47% 46'A 28 221/4 5Va 48% 39 84 Va 21% 86 Va 80% 85 82 84% 24% 19% 23 19% 23 15 17 13% 57 15% 13% 108 % 104% 82 83% 82 22% 24% X23 5% 55 Va 21% 28 8 "A 44Va 11% 35'/a 17% 24 19% 107 15 106% 16% 15% 23 18% 16 4% 5% 34% 26 81% 17% 131% 16% 13 14 Va 53/a * 4% 37a 5Va 26'/a 5'A 26% 29% 31 30'/a 84% 83 84% 81% 83% 81% 83 X80 83% 817a 2OV4 23% 21 24% 22% 24% 21% 24 217/a 24% X20 23% 20 18% 17% 19% 16% 19% 17 18% 16% 18% 16% 17% 14 17% 14% 83% 116 110 119'A 114 X110 111 112 111 113% 119% 116 118% 116 118% 116 117% 114 116% xll3'A 117 103% 104 106 105 Va 107% 106 108'/a 106% 110 108% 110 107% 110 111% 107 105% 108 Va 109V4 111% 111 113 109 111% 108 109% 106% 109 105% 105 107% 106% 108 105% 104% 104% 105 106% 104 106% 100% 103% 101 19% 22 Va 19% 21% 17% 20'A 181/2 22% 17 50% 44% 47% 441/4 48% 44 45 Va 40% 104% 104 105% 103% 106 7 24% 107 18% 17 20 39 41 Va 40 46 44% 50% 491/4 51% 109 107 Va 46 107% 104 • 101 21 Va 45 Vt 105% 7 106 108 % 102 V4 1067a 102 Va 15% 39% 104 5'/a 173/4 43 106 63/8 7% 7% 8% 7% 7% 10% 87, 9% 7 Va 8% 7 8 6% 7% 5Va 39% 38% 42% 39% 46V4 41'A 44% 38 423A 36'A 39% 36 40 36% 41% 43% 34'A 37 35% 35% 39% 9% 9'A 14Vt 12 Va 14% 12% 15'A 123/4 16'A 12% 13% 11'A 14% 12 14% 9% 137a 11% 14 7% 8% 10 8 9 7'A 38 3A 323/4 28 22% 29 27% 34% 30'A 36 307s 34 28% 31 29 35 32% 35% 32% 36% 3174 35% 72% 68% 70 64 70 68 69 71 68 3A 72 69 72 20% 37% 30% 18% 20% 18% 22% 21 23% 22 26 213/4 257a 21 19'A 34% 26% 32% 36% 33% 37% 36% 38% 36% 38% 37% 397a- 36 28% 26 % 29% 28 y4 29% x275/a 32% 297a 33'A 85% 89% 93 95% 91% X95 % 94% 94 93 92 89% 94% 87% 91% 96 95% 97 96% 101 99 101% 98Va 32% 29% 31% 29% 34% 33% 37 40 3/4 30'A 100 35% XlOOVa 33% 37% 33% x71 . 34 36% 32% 34 32% 35 Va 33 V2 28 Va 32% 363/s * 24'A 32 25 % 103% 109 108 110% 109'A 115 114 116% 161/4 105% 109% 110 17% 116 108 111% , 114 110 117% 15% 110 107% 108 22 V9 X108 111 109 % 105 833A 81% 16'A 47s 283A 26% 107 106 3% 26 84 107 '/a 102% 17, 18% 15 107 104% 177a 16% 116 102% 247a 12% 19% 105 Va 104% 23 V, 19 17% 104% 100% 24% 64 Va 55 65 171/4 — 19% 115 43 22% -- 18% 116 38% 20 Va 25 10'A 22 18% 47a 6'A 5% 6'A 16% 44 103Va 105% 17% 18% ' 15 Va 24 1 Va 27% 5 39 6% 2274 . 20% 17V4. 97a -- — 26 18% 6Va Xl9'/a — 18 V» 17 48 % 39'A — 24% 20% 105 -- 19 18 5 1(56 108% 114% 117% 104 Va 108 Va 106 Va 110 % — — 16 9374 1074 26'A 22 . 24% 23% 17% *31 Va — — __ 19 21'/a 30% • ■ 13% 31'A 102 143/a 25% X83 Va 22 8% 97a 11 11% 17% 29 28% 23% 24'A 22 Va 87 20% 6% 38 105 10% 128Va 113% 129 113% 123% 5% 43 % 101* 104 84% 123 19% 29 1013/4 101 102% 101 100 Va 2.50 ; preferred convertible $4 11% xlOVa 103% 113/8 9'/a 12 •• 24% 21 10% 103'A '* 102 % IGO'A 102% 21% 22% 3 100 3'%% Webster 101 8% 21% Corp.— New common! 3%% preferred ' Knitting Wayne Pump Co 103% 32 xl8% 26% 9% 30% 10 11 % 86 ll'/a 20% 31% 8% 5 Inc- Foundry & Pipe Corp Wayne 101 —• preferred^ Waukesha Motor x30 19% 1 100 Co Warren Petroleum 15% 31 32% 100% 103Va 14'/a 22 10% 12 91 13% • Warner Bros Pictures .Warren Ltd Co Baking Ward W & G 100 • _• 100 • 32 34 31'A 33% 30 33 25% 29% 25% 2678 74% 68% 71 63 65 62 67% 65% 67% 58'A 637a 23 'A 1974 21% 186 18% 20% 387s x353A 38 36% 38% 37 38% 29% 387a 30 33 291/4 26 293/8 26% 30 Va 23% 28% 23% 253A 88 90 89 93% 88 93 89% 94V4 26 ' ' 21% 15% 19% 15 16 3/4 27% 31 27 88 93 88% 97 99% 963/a 97% 96% 97% 95% 97% 97 Vt 98% 97 98 34% 38 33 34% 31% 33 28 35 28 Va 313A 25 29 x91 ' ' Volume 169 Number 4770 . Wisconsin Electric Power Co 6% preferred—1. Woodward Iron Co_ Woolworth (P W) Worthingtoh (Del) xl53/4 33 Machine 15 138 30 10 & 17% X138 iq Co Pump common 10 loo __! 16% 16 16% 15% 17% 134 131 133% 31 30 % 33% 32 37% 35 36% 44 46% 45% 48 45% 48% 47 49% 20% 22% 31 45 47% 43% 457/a 58 64% 52% 59% 134 * 54% 17 136 18 16% 17 128% 15% 16% 34 36 16% 128% 34 Prior preferred 4%% conv _Il00 43% 48% 43% 79 81% 83 89 81 86 82 • 53 64% 58 62 59% i * Manufacturing Co 130920 60% 64% 10% 8'A 9% 25 85'% 94 86% 83 76 84% 75 63% X66% 65 9% 11% 63Va 63 9% X28% 66 9Va 32 10'A 30 34 79% 29 75 79'% 73 81 881/2 73 96% 66 69 11 67 11% 29% 18% ; 77 93 83'A , 9% 34% 22% 9% 34% 29 % 69 74 X78 % 34% 44% 46% 41% 45% 42% 45% _ 16% 20% . 20% 69% 68 17 'A 19'A 17'A 13% 15 65 % 72 59 67% 58 % 6514 731/2 79 X62 73 63% 68% 78 82 7 66% 68%' | 82 76% 8IV2 95% 81 84 X64% 67 % 64% 66% 9% 10% 8% 10'A 87 31% 27% 26 291/4 29% 13% 85 90 79 88 64% 66% 65 68 9% • 11% 26 8% 29 10% 12% 10% 12% 11% 13 12 16% 13 % 15% 12% 39% 42 15% 12V2 14 38% 41 39 'A 41 40 11% 48 11% 17% 45 21 15% 47% 13% 14 46 • 44% 16% 18% 43% 45 19 18% 19 42% 44 20 22 42 • 20'A 69% 79% 22% 40% 74 X20% 22 66 % 77% J9 23 65 Va 75% 79% 18% 74% 21% 82% " 18% 79% 86% 78'% x76% 83 14'A 16% 16 18% 87 % 17% 78 Va 84% 18 19% 17% 19% X16% 18 15 17'A 23% 31% 24% 4% 5% 19% 18% 20% 23 5% 6 1 delivery sale, 15% 16% 19% % r Cash 23% 5% sale. 20 x Ex-dividen|c - 24% 26% 23% 27% 25% 30% 5% 5% 6% 5% 6% 5% 5% y ;. High 94.10 95.20 94.14 95.23 Low 94.30 95.2 High Low 96.20 96.18 96.24 96.10 29% 35 5 29% 5% 34% 4% 5 - 11% 22 %' 8V2 28'A 2Z- 1980 100% 102 Si 100% 102 NEW YORK BOND May Low High 97.8 High 97.12 97.20 98.11 97.16 99.15 10133 104% 103: 107 10332 jV 9 24 - 11% 14 11 Va 13% 38% 39% 37 39 Va 24 19% 22% 19 20 79% 89% 69 88% 70% 74% 15% 17% 14 17 13% 15% 30% 23% 30% 27 33% 4% 3% 4% 4 3'a - • 3% Low High 98 Low 98.30 99.2 RECORD June High 98.8 99.30 98.20 98.12 99.20 - 4% 1 948 July Low August High 97 Low September High Low High October November Low High Low December High Low 10333 107 106% 103% 106% 98.7 96.2 96.22 95.30 96.12 95.28 96.2 96 98 97.16 97.20 98.20 96 97.22 96.20 97.16 96.12 96.24 96.16 97.20 '97.9" 98.23 ;t 102% 104^ 102% 102% 101 HI 102J2 100% 103& 106§i j 107 104% High 97.16 City Bonds Transit Unification Issues— 3s corporate stock j i;i Ex7rights. March Low X19% 24% 5% 6 Va 16 32% 13 % Intern'l Bk for Reconst & Devel— 10-year 2%s 1957 20-year 3s 1972 Registered 74% 87% 78 8 1 948 York 79 85% 19'A 15 128 37 43% • Deferred 75 88'A 83 24% 14% 125 33% 12 • a 80 > 60'% 34% 21% 17 125% 37% 39% BONDS New 30 X Corp value, par 67% 914 50 Youngstown Steel Door No 64'A 5 76 25% 15% 125 % 34 Va 46% 46% <* 20% 16% 128 36% 64% , . series_100 Corp 4%% cumulative-preferred Young (L A) Spring & Wire Corp Youngstown Sheet & Tube Co Products w' — 81 York Zenith Radio Co •' 78% Wright Aeronautical Corp Wrigley (Wm) Jr Co (Del) Wyandotte Worsted Co____ Yale & Towne iSi'i ■: 151/4 128 . 37% i (363) . .Prior preferred 4%%. series " 17% FINANCIAL! CHRONICLE 29 __ 28 _v Zonite 15% & 126 __ V8 COMMERCIAL Corp — New : THE 102% 200% 104% < Foreign Government Securities Agricultural Mortgage Bank— Guaranteed sinking fund 6s Guaranteed sinking fund 6s Akershus 1947 1948 (King of Norway) 4s 1968 Antioquia (Dept) coll 7s series A—1945 External f s 7s series B 1945 64 64 63 3 9 '/a 40% 60% 60% 60 61 61 62 62 62 62 62 62 62 62 62 62% 62 85 85 66 74 66 70 65% 67% 66% 73 74 75 74 74 31% 76 32 74% 76 31% 36% 32% 36% 31% 36 32% 31% 32 % 33% 33% 32 36 32% 36% 36% 36 36% 36% 65 92% 63 60 65 89 38% 40 36% 36% 37 31% 35 33 38% 33% 36% 38 External s f C 1945 31 34 External 33 f 7s series D 33 s 1945 33% 32 38% 40% 35% External ;■ 36% 38% 33 7s 35 33 33 1957 31% 33% 32 38% 36% 38% 36 38 33 34% 33 35 31% 7s External sec s External ' sec s Antwerp (City) Australia 5s 10-year 3'As 10-year 3'As 20-year 3%s 20-year. 3%s 15-year Belgium 3%s External Brazil series___ 2nd series___1957 39 40% 36 39 32 34% 35 37 3rd 1957 39 40% 37% 39 33% 36'A 34% 36 1958 95% 99 95 98% 73 7s series 5s July 15 1955 33% 32% 33% 33 33 32% 33% 32% 33% 32% 35'A 31% 33 32 'A 33% 92% 33% 94% 96 99% 89 94 94 37% 96% 100 102 35% 33 36 31% 32'/a 36 34% 36% 32% 32% 36 36 36% 97% 86 % 95% 95 100 99% 101% 101 96% 101% 103 92% 102% 33 100 32% 93 87% 90 88 % 92% 90 102% 92% 89% 100% 91% 89% 90% 93% 92% 94 87% 90 87% 92% 89% 91 93% 91% 90% 92 90% 89 Va 90% 92 91'A 91 88% 87% 91% 89% 86% 93 89% 89 86 93% 91 91% 89 91% 89'A 90 91% 85% I 90% 89% 86 87% 85% 87 83% 86% 83% 86% 83% 87% 86% to Plan bonds of . 90 86 89 86 88 86% 88 87 84 88% 85% 91% 86 91'A 86 89'A 88% 88 91% 85 86% 87 87% 84% 88% 85»/a 89 92 86% 91% 86% 87% 85 100 ..107 V# 102% 108% 99% 101 113 114 107% 114 108% 59 60 50% 54 56 Va 100 100% 100 102 100'/a 100% 100'A 107% 107 Va 100% 100% 101 1071/4 109 107 100% 101 108% 107 108 107'A 108% 106 Ve 109 105 110 107% 109 113% 106% 108% 110% 110*% 111'A 60, 61 A: 54 112'A 109V4 60 47% 49% 46% 47% 37% 45 43 48 59% 62% 60 61'A 50 58% 58 62 45 43 45% 48 37% 57 - 53 100% / 49% 853A 105 105% 103% 104% 112'A 108% 109% 111% 110% 112'A 60'/a 60% 62 61 Va 61'A 60% 60% 45% 47% 60 63 43% 44 39 % 44 40'A 42 44'A 46 55 59 54 45% 47 57 57 46 57 54 48 59 59 60% 60 »/a 61% 61% 61% 45% 40% 43 39% 44 40% 42 43% 47 45% 47 44%- 60% 60% 60% 61 59% 61 50'A 58% 56% 60 55V4 59 54'A 56 57 57 54 59 60 45% 48 37% 45 43% 49% 40% 45% 40 43 39% 42% 39% 43% 56'A 59 43 Va 59 61% 54 57 57 57 54 54 44% 46% 38 44% 43 45 43 45% 41% r46 411/4 42 47 48% 37% 41% 43% 49% 42 44 56% 58 49 1931 'f 101ft 58% 62% 49 83% 101 Va 109% 49% t62 873/4 55 61% 61 91% 101% 4S 40% 100%:/, 53 56 46 47 V# 98 34 ■ 46 A pursuant to Plan reduced to 3.375 % 88 Va 92 60% pursuant 86% 87 112% 49 87% 89% A 47 86 85% 1941 62 88% 102 90% 108 114'A %_ 88% 104 Plan : y'.' 86 1962 to . 37% 91% pursuant to Plan A (interest reduced to<3.57c)__1978 39% 43 44% 47 Va 46% 6I1/2 43%' 46% 59 61 43% 451/4 42% 44% 62 47% :* " 62 62 62 ^ 44 47 47% 48 45 46 46% 43 43 41'A 42% A 1979 48% t48% 56% 58% 40% 42 58 bonds 60 40'A 42% 39V8 42 43 48 43 53V4 58 53% 56 57% 61% 59 60 (Plan B) No. No. Series No. Series No. Series No. Series No. Series No. No. Series No. Series No. Series No. No. Series No. Series No. Series No. Series No. Series No. No. Series No. Series No. Series No. Series No. Series No. Series No. Series'No. Series No. Series No. Series 36% 31% 92 No. Series No. Series No. For footnotes 57 48% 56 V# 56 54 55% 58 61 55 59% 521/4 59 55'A 57% 46 Va 55 52 Va 54% 55 56% 55% 55% 55% 61 57% 55 % 59 53 591/2 531/4 54% 54 56% 56 59 55% 58 51 56 52'A 55% 55% 55 Va 61 58 56 52 55'% 59 59 55 48 49% 57 '/a 53% 55 55% 56" 55Va 60% 52 591% 52% 55 53 60 63 52 52 53% 54% 57 58% 62 55 62 52% 55 — 62% 62% 60 62 56 57 62 52 60 52% 541/a 62 54 60 531/4 *531/4 56% 58'% 56% 7 58% 63 6 63 L 8 56 V# 1 54 55% —— 60 65 54 58 64% 58% 62% 53 56 59 65 65 €5 65 57% 57% 56% 56 % 56% 56'A 49 Va 52% 56 % 48 49% 57 15 58% 55 56% 56% 56% 56 % •' . — 55 54'A 58% 57 56'A - 55 % 59 56% t : 57 59 14~H"~IIIII 61 58 64% 9 54 — — 58% 55% 54% 58% 60 54 54'% 57 55 »— ' — — : t58 52 54% 54% 59 WW 55 541/4 54% 60 52 54% 60 , 51% 58% 60% — 55% 56% 47 44 56% 21 56'A 55 Va 56% 56'A 20 56 % 56 V# V# 55% A 52 I 56% 55 55 51% 55 54% 60 52 60 60% 53 t53 56% 57% 59 56 V2 58% 57 59% 57% 58 57 59% 57% 57% 58 58 59 59 56% 57 % 55% 57 58 59 57% 55'% 58% — 54% 54'A 58 53 53i% 55 54 55 53 53%. 53% / 56% 47% 54% 51 55 54 Va 60% 52 55 53Va 55 54% 55 55 60 61 58'A 59% 55 55 54'A 55 60% 60% 53 55 53% 60 58 58 56 56 56 60 56 59 56 56 t58 56 56 56% 56% 58 60 56% 56% 59% 57 57 A 58% 56 56% 58 St 58 Va 59 60 58 58 i 58 56% 59 56 Va 57 3A J 57% 59 56% 60 56% 57% t58 54 56 56'% 58 58 % 57 57 57% 58 58 57 59 56 58 59 57 59 56 57% 57% 60 57% 56 . 57% 56 55% - 55 Va 55% /i" 54 60 55 56% V- 55% 57% 54% 54% t55Va t55 '/a —— 55 60 56 Va H}? 58 57 58 58 , 54% 57 58 58% 54%! 54'A ; 59 64 58% 56 53'A' 54% 59 57 57 54'A 54'A 59 57% 53 28 64 55% 56% 54% 61% 57 58 Va 50 59 54% 56% 50 59 59 55 54 48 59 58 60% 64 53'A 60 56 59 57 57 53'A 60 56% 57% 62 61 53 60 56% 58% 59 58 53'A 59% 56 59 57 56 < 58 54% 51% 56 % 59 53% 55 56 t55% 57 53 51% 56% 64 531/4 531/4 54 57% 62 62 61 53 54 56% 58% 58%- 58 Va 53% 57% 56% 59% 59% 58 60 59 57 57 58 Va 55% ; 62 59 59 58 53Va 58 __, 62 56% 54% 58 .! I 27 .— 62 58% •60 59 57 — 55 58% 60 56V2 57% — 57 57 •. 25 26 — 57 61 59% 57 Va t55% 56 57 —— 55 -- 54% 57 }. — 52 51% 22 23 ■ 52 56% ; 24 -- 56% 59 57 % 59 ' ■ 55% 55 56 55 58 55 '' * 51% 17 55 58 55'/a 55 -- 56 56 — 60 58% 55 ' 10— see 55 54 57% 58 — — 55% r1 01 OS .->• SP 48 57 60 60 58 58% 59 59 58 58 59 59 59 59 58% 58% 59 48 52% 59 56% 56% * page 23. ■ j 37% 35 90% 107% dollar 33% 33% 87% 103 1944 37% 33% 32% 90 107'A Series 33% 32 33% 32'A 89% 104% 3%s extl 3234 33 32% 33% 87% 106'A funding 32 33 32% 90 103% Int 33 33 Va 32% 35 97% 99% 33 % 32% 31% 85% 97% 32% 32% 32% 1966 external 8s ■■■■! 37% 87% 1955 Stamped 99% 90 35 31'A 34 33% 33% 87% 1955 Stamped 97 i 61'A so 85 (interest reduced to 3.375%) 1979 Ry 30-year 7s_" 1952 Series 101% 6%s__1949 Stamped Series 99 78 Ve r76% 31% 33% 31% 31% 32 33 76 1967 pursuant to Plan A (interest reduced to 3.375%) 1979 External s f 6%s of 1927! 1957 Series 102 extl Stamped Series 100% 96'A 31% 74% 1957 1956 (interest reduced to 3.5%)__1978 External s I 6%s of 1926 1957 of 37 sinking fund 6s sinking fund 7s (U S of) 5% 40 f Stamped pursuant Cent 40 f 7s external (Kingdom of) External ? series 1st 61 — . 36 33 62% V i. r78 16 January Low BONDS February Low High Low High 95% 96% 94% 96% 96% 98% 100% 99% 101% 98% 99 1958 1950 99Vi 102 98% 100 101 101% 100 Vi 100% 100 100% (Dominion of) 30-year 4s—1960 104 104% 104% 104% 103% 104% 104 104% 104% 105 104 104% 103% 103% 104 Vi 104 104% 103% 104% 103% 104% 104% 105 103% 104% 103% 39 % 39% Sinking fund gold 5s gold 6s fund Sinking Canada 1961 25-year 3 'As Carlsbad (City) External s 100% 101 % 21% 22 22% 19 19 22% 22% 23 20 21% 18% 22 21% 23 22% 25% 25% 27% 23% 24% 26 26% 22% 22% 25% 25% 28 -I960 20% 22% 21% 22% 19% 21 1960 20% 23 20 Va 22 18% 22% 21"% Feb 1961 fund 6s 20% 22 22% 22% 19% 21% 23% •23% 24% 23 20% 21% 18% 22 21% 23 22% 25% 25% 27% 20% 21 21% 22% 20% 21% 23% 23% 24% 24% 26% 20% 23% 20 Va 22 sinking fund 6s—Sept 1961 Sept 1961 20% 21 —» —~ 21 22% 20% assented 6s External External 6%s assented 6%s of f 1963 Bank 6%s_June30 1957 Chile Mortgage 6%s 1957 ;_s 1961 assented 6s f s Apr 30 1961 Chilean Colombia of 6s 23 Vi 21% 22% 21% 23 22 19% 22% r22% 19% 22% 22% 20% 23% External 101 % 102 100 101% 104% 103% 104 103% 104 103% 104% 103% 103% 103% 104 104% 103 % 105 103% 103% 103% 105 104% 105% 104% 105% 26% 26% 27 27 27% 28% 31 35% 25% 27 26% 27% 27% 28% 27% 28% 28% 26% 27% 27% 29% 35% 26' 27% 25 25% .25 28 26 26% 26 26% 26 : 27% 28 26% 25% 27% 28 26% 27"% 25 ; 25 25% 23 23% 21% 22% 22% 25% 25% 27 22% 22% 24 26 27 22% 27% 27 21% 27% 28 28% 35% 26% 27%" 27% 28% 27% 28% 28% 31 26% 27% 27 % 28% 27% 27% 31 27% 32% 29 25% 26 25% 27% 26% 27% 26% 31 31 25% 26 25% 27 26 27% 28 28% 27% 26% ' 25'A 27 26% 26% 28 28 25% 26 26% 27 27 28 28 35% 26 25% 25% 25% 27 25% 27% 27% 28% 35% 28% 27% 27% 28 Vi 25% 25% 26 25% 27 26 Vi 27% 27% 28% 25% 27% 23% 25% 26% 25 23% 27 26% 23 26% 27% 27% 24% 25% 25% 26 26% 26% 5 Vi 28 28 % 4% 69% 68 Vi 69% 63% 35 Va 25% 28 19 20% 18 21% 22% 26- 27% 25 19 19 23% 23% 23% 23% 27%' 27% 19 21 18 21 21% 22% 22% .25% 25% 27 25% 27% 25 22% 23 25% 25% 26% 27 27% 27% 21% 22% 22% 25% 25% 26% 26'A 27 21% 21% 18 22% 18% 19% 17% 21% 25% 25% 27. 24% 24% 5% ' 7% 70 73% 71 71% 70 71 71 71 70% 71 73 70 72 71% 71% 70% 71% 70% 72 70% 43 45 41% 44 Vi 38 43 38 42 38% 40% 28% 40% 41% 41% 41% 41% 42% 42% 44 44 42 42% 42% 42% 42% 76 82. 74% 58 70% 70% 70% 69%* 36 37% 43 42% 42% 43 42% 41 41 41 42%. 71% "65 70% 75% 72 76 67 73% 67% 69% 67 Va 72 69% 69 63 66'A 63 Vi 66 63 Va 68% 14% 15% 14% 15 12 Vi 13 75 * 79 76 77% 53% 64 59Vi 66 61% 69% 66% 71 67 72% 65 16% 18 16% 17% 15% 16% 13% 16 14% 16 15% 17% 15% 16% 15% 15% 102ii 102 §2 102% 102% 111% 112% 110 110 75 75 75 102% 102% 100% 101 100% 100% 101 101 101 Vi 101 Vi 100 100% 100 116 118 115% 117 115% 116% 114 116% 112 114% 113% 114% 110% 113 Va sinking fund 5Vis 1953 110 110 108% 110 110 110 110 110% HOVB 110% 110 111% 106% 106% 102 110% 60 60 68 69 69% 106 Va 110 53 60 35 35 52 53 52% 54% 50 53% — 102U 1949 C external 111 extl 8s—1951 1952 Stamped assented (int reduced to 6%) extended to 1960 (Republic) Sinking fund 8s series B Denmark (Kingdom) 20-yr External gold 5Vis External extl 6s_1942 1955 1—1962 4Vis gold 71% \ 68 Va 14 •' \ "68 mii'm'" 12% ' 100 110 112 107 10S% 106 Vi Va' 109% 105 100 108 9911 99% ' Czechoslovak 68% 64% V 102% 111 100 1977 4Vis External — r75 75 102 & 102 n 1949 debt (Republic of) 5s of 1914 — — 42% 69 69 Va .69 37% 42% 43 37% " 41 41 42% 39% 38% 3% 43 44 65 70% 70% 38 39% 37% 40 42% 69 71 43 37% 5'A 5% 70% 71 70% 1970 5% 70% 69% 73" 44 32 Vi 25% 26% 19% 23 26% 26 26% 25% 27 19% 21% - 27 19% 73 7s 27% 27 25% 18% 18 82" 27 25% 26 . 28% 26% 20% 21 44 29% 35 Vi •: 26% 20% 19 18 80 27% 25% 20% 73 (City) 5s_ 25-year gold 4%s Costa Rica (Republic of) 3i" 27% 26% 75 Copenhagen 28 26% 25 73 1926 Sinking fund 7s of 1927 30-year 25% . 28 73 Sinking fund 7s of 28 27% 26% 26% 25% 26% 26% 20 20% 18 1947 ..1946 1947 1952 1953 1951 27% 25% 26: 25: v 25% , 28 27 27% 25 27% 73 sinking fund 3s 27% 28 Oct 1961 Mortgage Bank 6%s 32<> 27% 26% 25% 28% 26% 25% 26.% 26% 25% fund gold 6s__Jan 1961 - 27% 27 26% . 26% ; 25 27 35% "27% 26% .25. 25 25% 27% 26 Vi i 27% 25% 27% 28 v - 26% < (' 25 25% 26% '.26 ' 25% 26 25 '27% 28 23 26% . 28 . ■ 23 28 27 I 28 25% 25% (Republic of)— Colombia 101 1951 5s 99% 100% 28 27% 18 20% 20 Va 19% 19 20% 20 27% 23% 21% 22 18% 27% 20 22 19% 21% 22% 22% 20 Vi 21% 19% 100% 98 102 % V. 25 % 27% 25% 25% 23% 21% 1960 1928 4Vis 23 23 % 1960 (Hukuang Ry) External sink Cuba 22 20'A Qpns Munic 7s Govt 23% 1962 assented 7s Chinese 20% 1962 f 6s s assented 6s 20 21% 1961 assented 6s Guaranteed 23 June 30 1961 1926.: Guaranteed 20% —1963 6s assented 6s S 1962 a. sinking fund 21% 21% 26 23% 22 20% 18% 1962 sinking fund 6s assented 6s 25% 27% 22% 18% 20% 22% 22 97% 98 100% 27% 26% External 98 Va 97 50 25% 26% 26% 24% 20% - 97% 99% 99% ' , Feb 1961 assented 99% 97% " 102 27 Ry external sinking fund 6s_Jan 1961 6s assented Jan 1961 6s 97% 100 % 101 ; 25% ' 99% 100 99% 27% 28 23 % High Low High 98% 37% 1 December November Low High 100% 100% 100% 101% 101% 100% 101% 100 % 20% sinking fund 6s External sinking 101% 21 % - assented 6s 95 100 1942 external assented 99 95% 100% 96' 95% 94 98% 1954 f 7s—1942 8s (Republic) 7s 97% Low High Low Low High October September August High July Low High ' 99 95 Low Low High June May April High March Low (City) sinking fund 5s—1957 Brisbane Chile High Thursday, January 20, 1949 FINANCIAL CHRONICLE COMMERCIAL & THE (364) 112 106 — — — — 52 52 86 \ 80% 84% 73% 72% 76 73% 61% 66 62% , V ' ■ j ■ — . 69 70 67 69 88 95 87 93% 68 88 80 85 80% 83% 83% 87% 81 84% 81 84 81 86 90 73 87% 59 74 67 75 71% 74% 73 77% 71 76 % 71 75% 70% 80 82 70 82 54% 70 60% 66% 67% 62% 67% 66% 71% 66'A 60 Va 69% 63% 70% , — -- 8 2'A 85 84'A 87 75% 74 79 65 63 I — 65% j El (Republic Salvador 4s extl 3Vis 3s extl of)— bonds f $ bondsf s s $ 58 64% 64 64 62 62 Jan 11976 Jan 1 1976 . 45% 48 Vi 46% 47% 46 46% 44% 41 39 40% 39% 39% 38 40 104 104 ; 101 * 48% 41 67 67% : 68 40 47 40 7 64% 46% 65 Jan 1 1976 f $ bonds__ s extl ; 48 48 % V:v, 44 39% 7 68% 53 48% 49 •41% 41% X 41% 43 Va 101% 101% .101% 101% ' 69% 51 67% 67% 68 68 :: 48 51 • 52% 52% 52% 55 55 Vi 56 43 Va 43'/a 44% 44% 45 45 46 46 102 102 extl 6Vis 1968 1960 Irish Free State external 5s (Republic)—Extl 1-js—: ia7/ Italian Credit part paid Helsingfors Consortium cpripc 7% 7% 6% 7% 6% 9% 7% 8 7% 6% 7% 6% 7 5 % 6 % 5% 7% 6 6% 6 Vi 8% l-3s Institute External 78 76% 99 19 100 ^0% 23% '.96% 98 98 18% 13% 7s_—-a— ♦ 18% 22% 57 100 18 Vi 19% 22 16% 19 12 16% 31 25% 30 22 16 19% 15% 28 19% Irrigation— assented— * Assented to Nov 5 Assenting Assenting 4s Of 1904 Assented1 to Nov 5 1942 Assenting to Nov 5 Assented Milan to Nov 5 (City of) 6Vis Minas 1942 agrmt-1963 :_1933 1942 agrmt_1963 —::—1952 assent '13 of 27% 5% 31% 36 29 31% 8 8% 7 ' 8 6% 6% 8 8 6% , 6% 12 7 18 13% 15% 11% 28% 30% 6% 6 16 pursuant to * 11% 14 . to pursuant Stamped "7% ;*7 x6% *8% 6%; (Republic)— (assented) mod ext 3 Vis Stamped 19% 23 Vi 24% 30 30 30% 30% 24 24 25 25 23% 24 Vi 1967 class B Stamped pursuant to Plan A ; ;~6% 12% 12% 14 26% 24% 27- x8% a6 'A 6% 10% a 8% 9 25%. 23% 24% 26% 26 23 23 23% 23% 32 32 32 32% 31 22 Vi 24% .25% ' 277% .26 6% 6% 6% 6% 6% 31% 34% 32% 33% 33% 36% 15% '32 32 5% 1 15% 12 12% 11% 11% 5%. 5% y.16 .10% ,13 5% : 11 ... 12% 7 7 "41/2. "."5 6 5% *4% V~4%, ~8 Va 23 ) 26 32 .25% t6% "5% ~8% 1% 24% 23% 32 9% ; 4% ;9% 6% 6% 8% ' 32 ~5Vz 6'A 1 ~7% 22% , ~8 4% : 25% 22% 22% 23% 25 94% 90 95% 90 91 91% 92% 89% 90% 90% 91 91% 93% 91% 76 79 76% 79 77 80 % 79% 83 Va 84. 95% 75 83 Va 91 % 91% 94% 85 92% 10% 82% 68% 73% 69 Va 72% 72% 77 76 78% 78% 82 73% 68% 71 70% 75 75 80 77% 80% 8% 25 24% 25% 24 26 Va 93% 7Va 15 8% 24 27% 31 ; 31 97% 31 31% 23 93% 93 93 95 96 ■:: 94%. -31% 23% 95% 27% . 95% 84% 85% 85 86 86% 91% 82% 81% 82% 81% 82% 82 86% 78% 81 80 81 80 81 79% 72 80% 83% 86 '80% . 90 93% 85 92 70 78% 67% 69Vi 73 73 73 77 % 78 69% 77% 80% 69 Vi 77 75 72 77 70 66% 76 90% 76. 92 90% 76 90 73 73 73 73 73% 80 79 80% 79 81% 79 Vi 79% 79% 79% 75 80%, 80% 69 72% 71'A 79 77 80 77 77 77 80 79 79 80 80 Va 70% 80 Va 80% 85% 85% 85% 85% 78% 81 84% 85 % 84% 85' 75% 81 76% 77 85 — 31% 31% 23 23 a 91 92 73% 75 74 91% 92% 92 93 86 86 69% 95 95 85 85 80% 80% 90 95 85 90 80% 80% 82 82 80% 80% 106 104 104 104 104 32 106 83% 102 32 32 .32 22% 15 16% 27 23% 25% 22% 14% 16 14% 16 14% 17% 16% 14% 16 14% 16% 14% 16% 15% 16% 15 17% 15% 16% 14% 16% 14% 16% 14% 16 15% 16% 15% ■" 31 83*,. 81' 102% 102 30 30 " 31% 31% 26 ; 22% 22% ■ 15 26 16% *22% 16% 15% 16% 15% 17 15%" 16% 15% 17% 16% 15 1«% 15% 16% 15% 17 15%) 16% 15% 17% 16% 15; 16% 15% 16% 15% 17 15% 16% 15% 17% *7 ,:'; ~7 ~6 Vi 21% 15% 15% 23% 16% 21% 22 16% 84 102 31 31 31 25 f 6s 2nd series^l961 82% 101% 15% 15% 17 : ,102 24% 15% s 22% 32 94 extl s f sec 7s—1959 Natl loan extl s f 6s 1st series—1960 extl 22% 1-31 95% (Interest reduced to 2.125%) -2008 Natl loan 28% 15 24 > (Republic) 26% 26 Va 6% a5% 91 1947 7s (State) 19% 33 1963 1994 Stamped ref 3 Vis 24 32 1957 1956 1965 1963 1957 1970 1955 (King) 3%s ext s f 4Vis fund 4'As 4s sinking fund external loan 3Vis sinking fund external Municipal Bank extl s f 5s_ Oslo (City) 4Vis Norway (Kingdom) External sinking sec 24 32 2008 Netherlands Pernambuco 24 32 25 % 27% '32 ~8% 24% Plan A Int reduced to 2.125 %_ Panama 24 1959 26 26 a7 32 2008 fund 6%s_ sinking 25 ' 7% "9% Plan A Int reduced to 2.125% External 24'A 16 Xl4 12% 23% 15% 24 13 . 13% 32 31 , a7 8 14% 9% 9 12% , 9 Vi 1958 sinking fund 6Vis Stamped Peru 8% 10% 10% 10% 25 167/a 24 . 6% Geraes— External Ext 7% 7% 9 36 Va -; 15% 9% 36% 27% 26% .27% 8% 33 31% 25% 7 7 5% 18 18 __ 29% 6% 28 i 28 6 Vi 24% 16% 25% 5% 16 13% 31 25% 15% 16% 25% : 26 25% 16% 16% 26 31% 34% 33 10% ~8% 25 17% 25 5'A 12Vi 8 25 15% 25% 5% -1945 1910 of 4s Assented Treas ts 6% 16% 15 % 8% 6% 15% 17% x6% 1954 agrmt 15% 23% 9 16 15 17 28 10% 15% 26% 20% 1945 — 14% 16% 5% agrmt—1968 18% 15% " 167/a 26% 30% 1943 1899- of 5s 16% 25% 1942 agrmt-1968 Assented to Nov 5 1942 17% 17% (U S) extl 5s of 1899 £—1945 Mexico 16 26% 5% - 17% 15% 26% 'mm r-'f 15% 26% 34 100% 6 100 18% 1 17% 27% 5 52 16% 25% : • 102" 6% • 51 55 101 103 103 5 18% 16% 24 32 102 . 25% 16 25 37 17 17% 17 18% 36 102 18% 6% 6 7% 5%/ 5% 52 27 12 27% 1954 : 100 3A 16% 7 , 6% >. - 8 9% 57 16% 26 Mexican 4Vis 100% 7 15% 19 25 % , 57 57 102% .. 25"% 16% 27% 5; 8 7 8% 57 . 8% ; 19% 19% 26 7% 7% 10% 102 27% 18% 6 8% 10% 25% 17% 26 17% 26% 1952 —— 6Vis (Colombia) 65 100 16% 1977 1 — ? 55 100 50 60 54 76% ■ Italy1 (Kingdom of )'7s—_———1951 Jugoslavia (State Mtge Bank) 7s—1957 Medellin 77 1977 l-3s Ut~ility"credTt" 9% 10 Va for *R Italian Public .102% 7% 1947 Works Public *7c (City) 102 101% 7% 1960 Italian 6s .102. 102 9 r10 % !10 (Republic) 7s 1967 Republic 7s_i—1949 Greek Government 7s part paid—1964 Estonia French . __ 15 . ' t-- Poland (Republic)— Gold 6s 4Vis — assented : Stabilization loan s f 7s 1940 1958 —1947 —-—1968 9% 9% 8% 8% 7% 5% 17 , 9% 9% 7% 9% 8 5% 7 Va 7% 11% 12% 10% 10% 10 7Vs 7% 9% 13 1963 8'A 7% 9 External sinking fund gold 8s—1950 4Vis assented 4 Vis Porto —— assented (City) Alegre Stamped pursuant to Plan A (int. reduced to 2.375%) External loan Stamped Int 7Vis pursuant reduced Rio de Janeiro to to Plan 7 9% 2001 1966 6 Vis 27 8% 33 8% 33 8% 7% . 8% 8 11 11 8 Va 7% 33 33 12 Va 32 24 24 34% 34% 34% ' 23. 23% 26 27 34% 23% 35 33 27 27 25 26 24 Vi ' 25 26 26% 26 26 25 27 27% 30 30 30 30% 26 Vi 30% 26% 30 30 32 Va 29% 30% 30% 30% 18 22 22 25 22 24 21% 23 22% 24% 27% / 7 Vi 10% 7% , 7% 11 7 Va 7 16 7 ; 23 . * 7 Vi" V ' 6% 15 15 , 6% 7% 6V2 7% 6 Va 7% 5% 6% ■ — ■. 6 Va 7 ' 24% , 33% .24'/a. 23 "5% 6 Va •"'. 6Vb 7% ,33% 23 23 Va 34 23 34% 33 21% 8% 8% 8 26% 26% 8Vi 10% : 11 33 2001 1953 23% j 6% 27; 28 23% 23% 32 34% 24 16 8 Vi 8 11% 27 2006 Stamped pursuant to Plan A (interest reduced to 2%)—2012 For footnotes see page 6'A 33 11% 7% 7% 17 1946 (City) 8s secured 7% A 2.25 %__ Stamped pursuant to Plan A (int. reduced to 2.375%) External 9% 1961 8s - 8 8 8 17 17 -34 34 .23% ,26% 29. so% ' 21% 2*6* 23% 23%. 37 23 Va — 37 36 36 3640% 26 __; *26% __; 29 Vi 31% 31 53% 33 33% 20% 21% 21% 22% 21% 23% 22% 24% '23% 28 26 . 29% H Volume 169 Number 4770 THE 1948 January BONDS Rio Grande External do Sul 8s loan Low 1921 1946 gold pursuant to 1999 municipal loan Stamped pursuant 22 22 34 22 34 34 24 33 25 24 27 26 31 24% 33% 34 35% Plan 25% 25% 27% 25 (State) 8s— Stamped pursuant to Plan A (interest reduced to 2.5% ) 36 39 1550 46 25 pursuant 33% 2012 35 35% 1940 84 84 83 % 67 71% 70 70% Serbs, Croats External k Plan secured 27% 1962 series 5(4 1962 B 7s 38 32 32 32 3$ 5% External of 85 87 22 22 22 22 21 22% 22 23 23 30 30 31% 32 23% 24 24 24 22% 23% 25% 2334 23a4 23% 22% 24% 38 38 38 28% 28% 22% 22 % 23 23 223/8 25 25 25% 25 25% 24% 25% 26 25% 26% 28 . 28 28 30 30 27 29 23 30 30 23 24 23 36% 29% 35 29% 35 38 38% 39% 29 31 35 27% 37 35 35 7 26 27% 27 26% 27 34% 32% 89 88' 88 88 86 74% 71 74 6 90 7 90 81% 84% 1979 81 85 82 84% v 90 % 73 74 5 4% 7 5 • • 5 43A . 8% 6 3A 82 86% 7% 1 86 81 5% 5% 5% 53A 9 12 24% 23% 233A 24% 25 % 24 Va 26 Va 41 41 28 (A 31 33% r29 31 24 29 32 33 33 49 49 37 38 49 54 «/8 36 40 33 35 35% 40% t31 t31 31% 36% 37 40% 40% 33 34 36 36 36 38 39 26% 26% 26% 27% 30 30% 90 88 88 87 88 95% 95'A 71% 73 32% 26% 26% 71% 73% 73% 75 72% 79% 79 80 7% 6% 8 6% 7% 6% 6% 6% 61/4 4% 5% 6% 8% 6% 7Va 6 6% 5% 6'/4 4% 5 3/4 8% 10 % «... 86% 87 90 90 — — 73% 77 75% 80 6% "5% • % 30 6% 791/8 30(4 28% 32 26'/8 - 9% 117 ; 73 28 7'A 51/4 * . 86% . 117 75 5% 5 3% 13 6% 90 88. 118 74 81 31 87 73 ••. 24 90 27 86 73 7 27 40 30 36 4% 24 35 36 4% 22 31 40% 29% 34% 4% 31 27 37 30 76 27% 24 29% 28 26% — 7% 90 29% 25% 3% 29% 24 30 35 29 v4 27% 27% 30 39(4 r38 3 5% 5% 29 31 23% 27% 27% 35 38 — 24 86% 69 118 1979 conversion 6% 87% 87 »/4 89% 90% — -- 80 85% 8P/4 v': 122 6 Vb 85 85 73/a 5% 51/8 85% 85 6 % 86'% 86% 122 conv 1978 76 90% 92 90 78 78 86 78 78% 81% 77% 76 781/2 83 73% 73% 75 78 79 80 80 85% 81% 85 84% 84% 771/4 76% 80 781% 74 84 90 76% 81% 76 % 78% 81 80 833,4 81 8334 79% 78% 78% 81 783/4 77 % 81 781/2 84 7 8'/a 83 77 82 79 80 i/s 82% 83 86 'A 84 86 84 84 % 82% 87 80 82 86 801/2 70 75 70 70 70 70 72% 73% 73'/2 73% 70 70 124 124 251/4 25'A 6 % 6% 5% 5% 4aA 5% " 90 1984 External 8s 83 81 80 1978 readjust readjustment external 91% — 3%-4%-4 As external 4-4V4-4%s external 3/as 29 26'/2 13% 1937)— readjustment External 27 29 26 6% 5 "8% 7% Sydney Co Council 10-yr~3%sZZZZl957 Uruguay (Republic of)— External sinking fund 6s_„ i960 bonds 5% 7(4 13% 195^ ($ 7% , 1958 assented 3%-4-4%s 26% 29 r30 27% 34 A 8s 7s (Province) external s 26% 29 33 35 33% 29%. 25% 29 Slovenes— External secured Bilesia , 35 33% 29% 26 29 22% 25% 29 34 37 , % 38 83 % (interest reduced to 3.50%)_1978 * 27 25 22 27 28 34 26 High 41 29 32 r30 24 30 41 to 30 34 40 40 December Low — 25% 38 31% 41% 27 26% 29 31% 41 pursuant 25'% High 39% __ 33 24% 35% 27 33 Stamped — Low High low ._ 33% 33 Stamped pursuant to Plan A (interest reduced to 2%) Secured sinking fund 7s 4 25% 22 40 (interest reduced to 2.25%__2004 dollar loan 6s : 1968 External . 28% 37 A~~ to Plan 23% 29 38 Stamped — 22 24% 25 25 46 36 pfan A~ to 35 High November October September Low High 40 1999 (interest reduced to 2.5%)__1999 External water loan 7s 1956 pursuant 24% 35% 1936 External 8s 35 — Low 29 30 — 31 24 _2012 Paulo Stamped 24% 24% 18 25% 31 1357 August High 33 35% A ____ — Low 38 30 24 24% A sinking fund 6VgS 371/4 37% High 17 1948 July 25 30 33 .2001 37% Low - (365) 33 33 26% ,—1952 to 2.375 %__ pursuant to Int reduced to 2%_ flan 24 32 1952 (City) Rs— Stamped pursuant to Plan sec 27 22% A Paulo Stamped 29 23% 37% RECORD June 26% 27 2004 Plan (City of) 6%s External 26% 30 2004 to 2.25% Int reduced 27% BOND May Low High High 37% 30 1967 to Low 31 A • San 34% 23% 1966 pursuant to Plan Int reduced to 2.25% Rome High 34% 27% (interest reduced to 2%)_ _2012 External 7s loan of 1926__ Int reduced Low 35 A \ Stamped April 30 6s__1968 Plan \ 7s High 35 ~ A (Interest reduced to 2.5%)_ External sinking fund Stamped March (State)— of Stamped pursuant to Plan • Low NEW YORK - February High COMMERCIAL & FINANCIAL CHRONICLE 91 2946 External sinking fund 6sZZZZZZZZl964 121 126 — -- 81 77% -80 126 — Venetian Prov Warsaw 4 V28 7s (City) ser A— 1952 7s.__Z~""~1958 external — assented 5% 25 6% 5 271% "7 7 — 6% > 6% 24'A 10% ' — — 10% 6% b 11 i/2 24'A b% 63/4 11 b% 9 7 9 5% 6% A Adriatic Ala Electric at South Alabama Co 1st Power 7s 1952 > 3'As m A ser Albany & Susq 1st 4%s Allegh & West 1st Allis-Chalmers Amer & Mfg 2s 27/aS 2%s 3s A 5s —.1980 1961 Z ZZZZZl982 Z_Z~~~Zl987 ZZZZZ-1957 debentures 1st gold 4s Products 5s W Atchison 3s Topeka 96% 103% & 97% 100 26 97 97 % 82 97% 98% 83 1071/4 99 27% 104% 103 103% 100'/a 103 103 103 107 103(4 103 107 103 % 103 107'A 107% 1051/8 107 105'/4 106 105% 107 104% 106 100 100 1041/2 100% 1063/B 100 100 100 100 % 100 100% 100% 100% 99 26 26 90% 94 91% Santa 251/a 25% ?434 25 24 3A 101% 97% 92 97"% 96% 89 93'% 84 84 % 85 86% 86% 81 83 80 80 98 3% 80% 80 983/4 80 98V'2 99 973/4 98% 98% 98% 97 78 98% 98 98% 99 99 78 78 78% 71 971/2 72% 973/4 76% 70 713/4 67 71 94% 70 94% 963/4 95% 75% 97% 92 96V8 92% 94% 80 94% 83(4 88% 85% v 91% 96 V4 943/8 92 93% 92% 94% 93% 96% 94% 97% 92% ' 82 92% 95% 94 95% 94% 95% 94% 96 92 93 90 98 92% 933A 89% 943/8 93% 895/8 933A 95% 95'A 92 94 92% 91 93% 102% 90% 95% 104 % 89 963/8 101% 90% 98% 893A 90% 96 91% 87% 95% 93% 88% 933/4 89 91% 10634 87% 106% 89% 88% 89% 87 108 % 893A 85% 88 1041/2 105% 104% 103% 103% 104 % 102% 106% 109 94% 91 93% 91'A 941/8 34 85 90 103 104% 108% 955/8 102% 94% 1053/a 93% 935/8 1053/4 95% 93% 104% 91% 92 % 963/4 93% 92% 93% 90'A -96% 91% 92% 893A 108 991/4 923A 109 % 96i/4 91 %. 106'4 953/8 94% 109% 96% 97% 107% 1093/4 99% 95% 109% 96% 93% 95% 96 95% 93% 94 116% 91% 116% 112 953A 101% 113% 93% 102% 112% 94% 101 % 113% 102(4 101% 101% 1151/4 102% 1095/s 1125/a 1013A 110% 1021% 110% 112% 108% 1013A 102% 108% 102 110'A 101% 1023A 101% 1021/s 102 102% 101% 102y8 102% 101% 102 3/8 1015/a 1023A 102 102%- 103% 1013A 103% 1023/4 101 10?'A 101% 1021/2 101% 102 1011/4 10? i/8 101% 103 90% 93% 102% 80% 100 % 81 913% 101% 93% 97 102 92% 93% 93% 101% 923/s 80 81 80%' 80% 78 98% 100 79% 77 98% 97% 97% 96% 96% "96 78 79 96% 96% 79 81 81 , 82 82 106 113% 112% 82 Fe— 80 81 80 80 96 3A 95 95 95 95 ZZZZZJufy" 1995 4s July 1995 Char Air mtge 3%s Atlantic Coast Line unified 116% 118% 118 120% 120% 106% 111% 106% 111% 107(4 107(4 110% 110% 111% Line— 1953 1st g 4 Vis Danville 115%. 117% 4s__July 1952 series A 1964 gold 4s 1948 1st 2nd mtge 4s Atlantic Refining 2%s Zl948 ZZ_1966 107% 101 102% 103 103 103% 104 % 104% 1033A 105 102% 100 IOI1/2 27% 30% 25 27 98% 25% 101% 27 93 121% 123 110% 111% Z 121% 123 122 %r 123 119% 122% 120% 122 120% 122 111% 112% 113 115 1123/4 114% 112 112% 112 112% 103% 104 103% 103% 115 103% 103% 104 1043A 104% 105 104% 100 105% 1033/4 103% 104% 101 102% 103 105% 105 % 101 40% 106% 37 IU0V2 36 52% 45 % 50 46 46% 44 3A 51 23% 36% 30 33% 29% 33% 31% 34 99% 99% 99 99% 99 25% 18 21 153'8 18 16 97% 19 98% 18 97% 98% 98% 99% 99% 93% 80'A 93} " t 123% 103% 1031/2 100 102 % 1033A 80 96% 97% 82 ' gold 24% 75 98% 92% 83 98% 97»/2 25% 1033/4 106% 85% 102 —1966 Stamped General % 101 —_July~1995 1st Atlantic & 94 101 100% 1995 Adjustment & 100 1962 General 4s Atlanta 99 1959 Arbor P 106% 26 103% 106 % 2030 debentures Ann 25% 103% 106% debs... Tobacco 25 103(4 105% Telegraph— debs„ conv 19% 102% 106(4 1956 deb debentures debentures American 19% 104 % 104% Z_ Zl975 ZZZZZZZZZZ 1986 debentures convertible 2%s debs & 26 102 % 105 debentures—.1966 American Telephone 2%s debentures 2%s debentures 2%s 25 102 4s__1998 guar Foreign Power 25/es 28 100% 103% —1975 gold American Airlines 3s 28 1967 1972 3 Vis 26% 20 1001/4 40 99 26% 100'A 99 100% 102% 103% 103% 104%. 103% 100% 105 Va 102% ! 1033/4 119 123 120% 122% 111 112% 109 109% 102% 103 103% 104% 103% 104% 103% 1043/4 104 1 04%. 1U2% 48 % 104 Va 100 % 104y8 100 102 56 % 50 56 51 39 % 36% 40% 36% 41 99% 97% 99 98aA 89 % 53 32 100 ' 99% 85 88% 841/4 87 92% 96 90 92% 100% Baltimore & Ohio RR— 1st 4s mtge 1st Ref series mtge and & 5s 1% — fixed July 1975 _ B/(4% int) mtage gen (2% A ser cont and interest) 2000 M gen (2%% due—- l 83'A 89 89 92 90% 86% 91% 92 96 95 Mar 1 1996 60% 62% 59 62 '/2 and 58% 62% 61% 57% 57 61% bito 62 % 59 6% 1 mtge fxd 86 89 nA 94 , 91 93% 89%' 92'a 86 903/8 84 89% 85 98 95 97% 93 % 96 91 94 % 91 95% 93 66% 1 63% ,95% ' • ■■ .... Series «fe 84 88% contingent Series G due—-—Dec 1 1995 Series K due——J__Mar 1 Ref 87(4 90% 5% —_ 3% 82 86 fixed i V —July 1975 er,"o rv, 613A Lz ycown ps 63%' 70% 67 x58% 64% 63% --0% C" >r" Xc>o"4 bi-/2 63% 70 66% 69% 70% •" 63% >; 68 3A 64% 68% '62% 63 65% " v 63 67 66 64 66% 64% 66 % 59% 60 '59 bl/4 64% 61% 643A 64% 60% 60% 63% 74 70% H 63% 64' 73% 3%% contingent interest*) Series Conv Pgh 4 %s Lake Ref j inc Feb 1 2010 Erie & 4s series Southwestern 5s due—.L____Dec 1 1995 (3.Va% West A 1980 fixed contingent and 1st mtge 4s ser Bell 1980 1985 external Industrial Steel Cons mtge Cons Boston mtge & 1st 3 V2s_ 5s C 1960 2(/2s 1961 ser 2%s series I .1970 23/4s series J Maine 1st 5s mortgage 5s gold series 1st 4s 4%s series 4%s A series C II JJ RR 74 78 73 % 85 (Ernesto) Co A 7s__ Myers Co 3s debentures. Brooklyn Un El 1st g 5s Union Gas 6s A mtge 2%s I sinking fund debentures For footnotes see 81: 83 *12 X46 53% 72,/ 50% 84 89% 78 70% 74 78Vi 54% 51 53% 741/2 78 72 75 51% 56% 50 53% 50 87% 91% 90 91% 84% 89% 79% 84% 81% 77 80% 79% 81 79 843/4 73% 77% 83% 79 80 77% 80 90 89 90% 88 3/a 90% 90 83 86 83 85% 80 93% 94 89 91 88% 91 96% 94% 96 94 94 96% 943/b 963/s 100% 100% 121% 123 77% 79% 92 89% 89% 91 • ' -- 119 120% 94% 120% 95% 95'A 96 page 23. 121 120% 121 120% 121% 96% 96% 97% 96% 973A 99% 99 97% 96% 98% %.„ 97% 96 % 98% 97% 98 983/8 95 90 94% 90'A 90% 121 122 96% 98% 93% 96 743/4 78 72 741/8 761/2 69% 54% 50% 53% 48% 53 50 52 3/4 84% 84% 86% 83% 85% 82%. 84% 75,/2 81 75% 79 72% 78 74 78 743A 78% 72 3/4 7534 83 76% 82 77% 79 78% 80 80 80% 73% 801/2 95% 96% 943A 95% 951/4 97% 951/2 98 94 95 93'A 95'A 95 96% 94% 95% 951% 983% 95% 98 94 95 93% 95 V8 1203A 1193/4 120'A , 1967 100 100 1955 101% 973/8 98% 101% ' 99% 96 98% 99 90 993A 121 % 1193/4 121% 122% 96% 96% 94'A 95 94% 94% 93 97 99% 98% 98% 97 99 97 97% 97% 98% 971/8 97% 973/4 100 983/8 98% 88 91 88% . 77% 81 50 55% 1954 26 . 26 97% 88% 4 1970 99 3A 1213/8 96% .1961 i960 series Brooklyn Gen 82% 1976 Bristol 4s 85 4ra/4 In/ 46,4 51/4 1951 Loan 1st Breda 82% Corp.— 1st Income 1951 ... Telephone of Pa Be"«'1cifli IV* 51 Division— D_—__ Stamped 4s Bethlehem 45% 45 /8 1%% interest)...,. Bangor & Aroostook consol ref 4s__1951 creek i 72% 51% Division— Toledo Cincinnati Beech 68% 48 Va— 'a 1 10iy2 119% 121 ; 90 1193/4 119% 933/B 94% 93% 94 Va 97% 98% 973A 991/4 973A 88 Va 101% 101 97% 97% 98% 88% 101% 101 101 77 80 3A 72% 79% 78 % 50% 81% 54% 80% 85% 84% 86 53 3A 82% 553A 55% 86% 77% 81% 79% 81% 81 83 60 3% 54 81% 82 57% 81 % 83 553/8 57% 553/4 57 553A 56% 55% 583A 56% 573/8 55 56 3/4 55 56% 25 27 19 19 1968 24% 25% 1950 102% 1027/8 25% 102 26 25% 25% 102% 102% 24 24 : 103 1947 102 "*>' 3.02 103 102% 102% 102T4 102% „ 1-3 1976 92% 93% 91% 92% 88% 1969 91% 87 93 95 96% 88% 96'A 86% 95 % 91% 89 92% £3 96% 89? j C3 C3 87 89 92% 93 92 86% 87% 97% 85% 59 85% 84% 89 9^ 58 98% 98% 99 98% 99 98 98% 97 98% 98% 99 }'■ I 18 THE (366) January BONDS Low Buffalo 1975 Niagara Elec 23As Buffalo Rochester & Pgh modified Stamped 3% to May Bush 1st Terminal Consolidated Low High 96% 96% 98 59% 64'/2 60% 64% 40'/a June May April Low High Low High Low High Thursday, January 20, 1949 CHRONICLE FINANCIAL & 97 100 99'A 68 ,65% 66% 100% 95% 98% 99'/a 99'A 62 60% 63% 99'A 63% December November Low High Low 97 61% 96'/2 High Low High 95% 97. 44 97% 100 Low 96 High 96 97% 63 68% 100% Low High October September August July Low High 98 (interest at 59 1952 4s 1955 5s 101% 88'/a 941/2 96 93 Bush Term Bldg stamped 1st 5s 1960 105 105% Calif 1976 103% 103% 105% 90 94 105'A 105'A 63 101'% 101% 102 93% 91'A 105 105'/a 105'% 105% 105% 64 63'A 60% 100'A 101% 102 101% 92'% 95 93 94% 107 105 105% 98% 105% 99 ; 106 Calif-Oregon Canada 3s Canadian 3V«s Power Southern National gold Guaranteed Guaranteed gold gold Guaranteed 1970 June 15 1955 4»/2s 4'As Pacific 4% Carolina 1957 Oct 1969 gold 5s gold 43/4s Guaranteed 1962 4'/2s gold bs_^ Guaranteed Canadian 1974 gtd 5s A cons 1956 1951 99% 102 104 105 104'A 92% Carthage & Adiron 1st gtd 4s 1965 Corp 3'As (issue of 1947J — of Georgia Consolidated Ref & Ref & 5s gen Chatt Div Mobile 1st 5%s gen series 1st B 1959 C 1959 gold 4s_1951 1946 money gold 5s mortgage series A wi 108 101 102% 102'/a 102% 102" "* 99% 107 109% 105% 108 107% 108'% 107% 108% * " 102 Central mortgage 4'A 105 101% 105 102% 104 % 102% 104'A 105% 112% 114 114 114% 113% 113% 111% 112% 112; 112% 113 113'% 113'A 113% 112% 114% 113'A 1117/a 113% 114'A 112% 109'/a 108'/a 108% 107% 108 y8 107% 107% 107% 107% 107% 108'A 107% 107'A 108% 108% 107 109 108% 106% 108% 108% 108% 108 108'% 107% 107% 111% 112 112% 112% 112% 113'A 110% 111% 111% 112'A 111% 112% 111% 112'A 106'A 106% 106% 106% 105'A 103% '94'/a 95'A 92% 95 Va 93 'A 107% 108% 107% 107% ~ 108% 109% 109% 109'% 109% 109% 109% 109% 108% 109 108% 108% 109% 109% 107% 108 112 112% 111% 112'A 111% 111% 111% 112% 112% 112% 113% 113% 112'A 112% 110% 112 111'A 112% 110% 111% 110% 111% 110% 112% 112 112% 111% 112% 111% 111% 110% 111% 106% 107% 107 107% 106% 107% 107 107'% 107'/a 107% 107 107% 106'% 107Va 106'/a 106% 93% 96% 96 94 82% 107% 108 107% 108 107% 62 58% 61 102 100% 62 100'% 99 86 100% 101% 99 99% 92% 97'A 93% 107% 108 % 107% 108 % 107'% 61% 65% 67% 64'% 64% v'65% 102% 101% 102% 102'A 103'A 101% 103 101% 102% 99'A 99'A 99'A 99% 100 160 y8 100'A 100% ' ■ 79 ' v - ■ „ ,t — . 79 80% 80% 64 66 % 65 66 63% 66% 63% 76 76% 83 3A 393A 45% 43% 45% 41% 45 44'/a 56% 56 7% 8% 6% 7% 7% 9% 7 8'A 78% — ' 73A 7 6'A 73/a 6% 52% 52 19 19 19 108 " 100'/a 82'A 84 793A 73'A 68 3/4 14% ■11'A 9'A 7% 14% 113A 14 "10% 67'A 79 78 78% 80 32 32 35 34 102 103% 101'% 101% 102 101 77% Illinois Light 3%s 1966 Central of N J general gold 5s 5s —- 14% 67% 71 % 64'A 68 66 68' 66'A 69 63'A 64 7A 77 78% x673/4 78'A 66 67 7A 693A 78 72% 75 73 73% 68 68 55'A 59'A x52y8 60% 48% 52'A 49% 57 54% 60% 49% 58 49% 51'% 107% 107% 107% 107% 107% •70% 68% 79% X73% 85% 73 84% 70% 67% 79% X72% 85'A 72'A 83% 73'A 77 60 59 67 x62% 73'% 62'% 73'A 64 67'% ' . . 4s Central 1st Y ref gtd 4s 44% 3 7'A 42'A 38 43% 42 52% 51 63% 58 81 68% 75% X67 42% 35% 40'A 36% 41'A <40 50% 49% 61% 58% 79 68% 74% x66% ' 101 General & 32% 37 37% 47% • 37 97% 37 46% 102% ./ l667A 102% 103'A 100 103% 99% 103'A 100% 101'A 102 S5 103% 64% 60 70 58 50 • 56% 102 U 103 100'A 102% 102'A 101% T02'A 102 103 103% 52'A 55'A 50 32% 38% 32% __1974 1968 1942 Champion Paper & Fibre deb 3s__1965 Chesapeake & Ohio Ry—> Ref 34 96% 973/4 gold 4%s 33 • 98'A 98 ; n 33 33% s 97% 97'A '■"■/■--' — — & Banking— partial redemption 5s 107% 37% 1949 to Aug 1 1949 mortgage 3%s series B RR 107% 107% 102% 102|3- 100 103 101% 102} J 107% series 33 97% 99'A — ::; 98 100 102 99% 99% 102 101% 69'% 101% 100'A 100% 100 102'% 101% 101U 101'% 101'A 101 98% 102 69'% 100% 101II 100% 100'A 102ft 96% 98 % 96 97'A 35% 34% 29% — 100 103% 98'/a 100 104'A 104 99 99 100 99% . 36 39'A 36% 38% 100% 100'/a 98'A 104 'A 103'/a 104 104'A 104 consolidated gold 4s_ Burlington 121 124 123 125% 125% 127% 127% 130 128 130% 128% 103'A 103 'A 104 103 104 103'/8 104% 103% 1043/4 101% 103'A 103 103% 103 104'/a 104 104% 104'/a 106 102'A 117 116 116% 116'A 116'A 116% 115 ■ 117'A 117 99 — 983A 983/4 99% ' 98% 124 119% General 4s 127'/a" 124 124% 124 124% 101'A 100 100% 99 101'A 95 98% 93 102% 101 102 'A 98'A 102 97 99'/4 93 99 114 115 116% 109% 1163A 115 my* 110% — — -- 109% & ■/-- / 1958 108 1103/4 110% 111 110% Ill 110% 112 109% 111 109% 111% 109% 1st & 112 109 3A 111% 110% 1113A 110% 111 109% 111% 110 3/4 111% 111'A 112 refund 27/8s 1970 93 95'A 94 97 97% 92 92% 91 93% 98% 94% 1003A 99% 1003A mtge income (conv) 1997 Chicago & Erie 1st gold 5s Chicago Great Western 4s ser A 35 41 37 41% 38% 97 3/a 963A 98'A 973A ■' 109'A '/ 110'A 109 110 109% 110'A 110% 111% 109% 111 110 1103A 993/4 loaai 983A 100'A 983A '96% 99 98% .953/4 97 % 96% 71% 71% 72'A 73 72 1982 1988 General mortgage 4y2s 2038 Chicago Indianapolis & Louisville— 1st mtge 2nd Paul St & 55% 63 58 V 39% 43 ' 80 42% 45 42% 48% .45% 50 45 50 3A 46% 74 75'A 74'A 80 -76'A 77~ 76 76'/a 75% 82 67 61'A .67 58 56% 59% 41 44% 43% 47% 42% 89 3/s — — __ 88'A 88'A 99% 101% 100 3A 64% 80 783/4 80 110'A 97 »A 97% 94% 95 93 »A 94% 42% 45% 42% 74'A 75 74% 118'/a 120 66 64% 66'A 64 52'A 51 3A 55'A 52% 55'A 51 90'A 91% 91% 92% 92 y8 103% 105 3A 64 103 102% 104% Chic I R Pacific & 84% 86'A 81% 88 72 74 76% 74-% 76% 78% 78 67 65% 66 34 61 65% 59% 61'A 54% 50'A 51% 47 5234 4 7'A 49'A /-AS; ':*■ 923A 93 93'A 93'A 93'A 94 101% 100'A 101 65 90'A 105'/a 69'A 73% 68 73% 70% 74% 71 75 70'A 74 65 % 71 'A 62 »A 67% 54% 60% --(55 'A 61% 55'A 58'A 55'A 59'A 56'A 59 52% 58 52'A 56'A i 64% 69% 63% 66% 59% 65 3A 59% 62% 58 61% 57% ,61 'A 92% 94 91 % 91'/a 90 91 — — 50 3/4 — A 1043/4 104 104 66 70 653A 69% 66% 69 3A 68'A 73'A 70'A 533A 57% 53% 57 54% 56% 543A 57% 55% 57% 106 65% 65 51 53 — — / 1013/a 104 101% 1999 61'A 65% 59% 64 58'A 61'A 60% 65% 63 66 64% 70% 89 90 89 89 89 89% 89% 92 91 91 94 94 1988 93'A 973A — — 100 993A 93 101% 101% 102 ' 1989 mtge conv inc 4%s series B ' 86 65% 2019 1st mortgage 3s 75'A 82% 64 1053/a 74% - 44% '— 60% 47% Chicago & North Western— 2nd 80 120'/a 85'/a 82'A 67% 67 62% 110 109'A 48% 75% 120 120 120 . 84 80% 88% 109% 110% 63 x543A 88% 120 120 119 " 84 90% 84% 87 110% 110% > 66 61% 54% • 84% 87'A 118% 119 118% 120 82'A 109% 97% 47'/a 76 114 114 — — 98 99 94% 51% 75 2044 A inc series B conv 111% 81% ■■ Pac— 1994 series 4'/2s 79 55% 4s series A 4%s 111 111 90 2003 mtge 4%s ser A Milw 79% 1983 4s ser A Chicago Indiana <fe South 50-yr 4s_1956 Chic 115 115 44 73 73'A 115 97'A 98% 97'A X34 41 1985 1st mtge 3%s series B 96'A 92 114% . Chicago & East Illinois Ry— General 96 3/4 91% 99 — 99% 100 3A 993A 953A 100 923/4 122 120 — — — — — — 110% 112 ref 99% 99% ■ refunding 4%s series B__1977 mtge 3'As 1985 & 1st 110% 119% 119% 125% 104% 117 — 98 101% 104 aA 101'A 1989 104'A 102% -- 100 129% IOO3/4 » 100 % Quincy & 104'A — — ' 1st ft 99 99 99 -- 36'A 100'A 1996 1989 100 • 1033/4 104 % 104 104% 101% 1996 D impvt 3'/2s series E Rich & Alleg Div 1st cons 4s Chicago, 64'% 64 -- 1992 impvt 3y2s Ref & 2nd 77% 74 100'A 56% 100% * r A 4'As 1st Central 107'A 36 »/4 1987 3s 1st series 107 1974 : Power Pacific ref 107 1987 . registered Central N :: :: 1987 4s 68 363A * 143/4 1987 registered General 77% 63 79 82 25 102% 753A 12'A 101% 83 y8 69% 63% 61% 101 101 100% j a.* 100'A 76% 14% 94'% 107% 107 67 67 112% 112'% 101% ' 102'/a 101% 102'A 101% 75 73'A 71'% 69 68% 68% \ 75 66'/a 52 108 65% ' — „ 107% 108 8% 7% 52 18% — 7% 52% — 79 ' ' •' — 96 100'A 993/4 100 . — — 94% 107% 92% 61 101 - 106 »% 106 95% 94 108'A 85 107% 61 99 99'A - 100% 88 108% 60 i__2020 ser B w 105 109% 101% i__2020 w 101 111'A 1995 4'/2 ser A 99% 103 108% • -• General mortgage General 99'% 99% 103'% 102% - 109% 1945 series purch Div 5s 102 101'A 101% 113% 1st 5s__Nov 1945 Ry gold 100% 100% 101% 101% Branch Union Pac 1st 4s__1948 Central 100 99% 9y% 112 % 1960 Central 100 99% 100% i960 3'As debentures 99% 100'% 100'A 109 1981 Celanese Celotex 100 105 A 100 99% 99% 93% 1965 Corp. of Amer deb 3s 100 99% 98 94 110 deb stk coup Clinchfield & Ohio 4s 99 61% 102 101 93% v Power 98% 58% 62% 58 100'A 101 105'% 93 92 91 V 92% 105%106 94 93 92% 105% 90% 107 62'A 101% ■ Elec High 97'A " Ry— 1947) due 1957 & Northern 5s_1934 1 Burl Cedar Rapids March February Low High 95'/a COMMERCIAL Ry gen 4s Certificates of deposit Refunding gold 4s 1934 58'A 1952 653A 71%" gold 4'/2s 1st mtge 4s series A___ 1960 1994 Id Va ±4: 2019 ~ -- — __ 17 Gen 94 63'A. Secured 94 4%s series A Convertible mtge 4%s series A 4'/23 (ex-interest)__ 2019 Chic St Louis & New Orl gold 5s__1951 Gold 3'/2s 1951 Memphis Chic Division Terre 1st Haute ref & Income Chicago 1st 4s 1951 on OJ 1043/4 104% 103 % 104 — 105 'A 105% Choctaw 4'As Okla Cincinnati Gulf Gas 75% 75'A 103% 104% 103% 100% 100% 100 100 100 101'A 73 81'/a 77% 78% 104 .101'A ' 100 ~ 100'A 100'/8 ——' '■ 101 100 101 ; V 102 . 87'A 104 y2 - ' / 1st 103% 103'A — 101 ; 69% 72% 88'A 82% 85% 80 74'A 773A 743A 75 74 76% 76 1043/4 104 104% 104 104% 104 104% 104'A 106% 104% 105% 103 105% 102'A 102 102% 102% 102% 104 1033/4 1033/4 104 102% 101'A 100 1003/4 100% 101'/a 101% 102 '/a 1013/a 1013A 101'A 1013A 993A 101'/a 100% 1013/a 99% 101'A 100 101'/a 100 1003/4 100 % 100% 102'/4 105 104'/a 105'A 105 105% 104% 1053/4 104% 105 104% 105'A 1041/4 105 102'A 104'A 103'A 104 3/a 103% 104 104% 103% 105 103 104'/a 1053/a 106 106'A 106 3/8 105 1063/4 104'A 1053/4 105 106 103 105'A 103'/a 104'A 104 'A 105'A 104% 105 99% 100% 1962 1952 5s 102 91% 103 3/a 1975 98 993A 107 1053/a 105% 98% 99% 98% 99% ' 108% 108 % 107'A 1974 98 99 1966 series "G" 104% 104'A 92'A ■ . 98 983A 92'A 98 99'A 109 99% 98% 109 109 109 108% '■'-J.''' 109 99% 101'A ' • . 1013/4 . _ 100 82 80 81% 80 81% 80 80% 80 80 80 81'/a 96 95'A 97 96 97 93% 95 93'A 95 92% 94 993A 99 99 70 73 69% 713/4 70% 75% 74 3/a - •.i4~ '" '—A.-' ' —U ' ■ 4s_. 1991 60% 643/4 59% 62% 61 62% 64'A 67 1990 84 y8 85 y8 85 88 86 86'/a 87 . 73% 77% 70 65- 91% . 69 92 91 92 , 103% 104% 1033/4 104% 103% 104% 103'A 1033/a 103% 104'A 104 104'A 104% -- 105% 1033/a 104'A 104% 104 1043/4 100 3/a 100 3/a 74'A 69 72 % 64 63'A 66 65 92 91 .1948 101 101 >- —V —. !;■-■■ 101 101 .1961 97% 97% Cleve Un Term 1st s f 5'/2s ser A_. .1972 1057A 106% 96% 96 105% 95 106'A 104 96 106% __ 103 104 3A 102'A 104'/a 103 3A 96% 100% 99% 66'A 67 62% 89% 88% 1033/4 100'/a 100 101'A 103 105 103% 104 103 % 103% 103% 104'A 104'A 101% 101% 100 101 105 % 106% 106% 101'A 101 101% 100'A 100'A 100% 100% 100'A 100% 107% 106% 107% 106% 108'A 107'A 107% 107'A 107% 106% 108 107'A 108'A 106'A 107% 106 105 106 »/4 105% 106% 105% 106% 106'A 107'A 106'A 107 »A 106 106'A 104% 101% 104 101% 104 101% 102% 103 7 104% 101% 103% 102% 104 52 48'A 50% 101'A 102 7A 100% 102% 101% 103% 103% 106 105% 105% 105 .1977 98% 99 7A 98'% 99'A 96% 99'A 97% 101% 101 103 102% 51 54% 51 54 52 55% 55% 58% 54% 100 101% 100'A 100'A 1971 South Ohio Columbus & Toledo 1st v 99% 100'A ; 102 101- - 1 1977 1961 Power 3%s Cigar Consolidated Edison 105% 106% 105 106'A 107 103'A . 106% 106% 106% 102% 107 108y8 * 103 101% 103% 102% 104% 103'A 104% 107% 106% 106% 107% 107% 107% 95 106% 1965 3'As 96 '/2 96'A 96'A 106% (N Y)— 106% 98 107% 98 102% 104'A 104% 101% 105'/a 98 & ref M 2%s ser A 1982 95 97'A 95% 96% 95'A 96%, 96 97% 96% 98 96% ref M 2%s ser B 1977 93 94% 92% 94% 94'A 94%' 94% 95'A 95 & ref M 2%s ser C 1972 97% 98 97 98 97% 98'" 94% 98" 95 1st 99% 99 ' 99% 99% & ref 3s series D 1972 101% 102 y4 103 102% 103% 102'A " 107'A 106% M .z_ debentures w i For footnotes see page 23. _1963 102% 101% - 102% 102; 102% 49 44% 44% 49 47 * 100% 101'A 101% 102'A 101'A 102% 101% 102'A 101% 102'A 103% 102% 103% 102 103'A 103 104 104% 104% 104% 105'A lO-i'A 104% 104% 106 106% 105 105 105% 105'A 101'A 101 % 100% 100 100 105 107 y« 104 105* 1 106 102% 106% 105% . 102% 101% 1023/a 101% 102% 101% 102% 102% 104% 105'A 101- 104% 101% 104'A & * •48: 100% 98% 101 107 102% 106 1st convertible - 100% 105% 1st 1st 100-101 Edison— Connecticut River 3s - 101% 105'A 1955 1st ext 4s 50 55 y4 106% 99 & Lt 1st & ref gold 4'%s_1951 Consolidated 100% 51 56 4s_. .1948 El 3'As_. 1970 mortgage 3s series L Conn Ry 100% 54'A x56 1973 3'As debentures Colum & Hock Val 1st ext gold Commonwealth 98% - 88% 103% Colorado & Southern— 4V2s (stamped modified) Columbia Gas & Elec 3'/aS debs 64% 102% 100'/a 101% 103% 101 .1980 .. 72 64 103% 102% 1033/4 1033/4 ' 101 .1973 sinking fund 5s series B f gtd 4'/2s series C s 99% - „ 1950 guaranteed ,3'As Short Line 1st 4'/2s 67'A 913/a Pittsburgh— 3'/2s series C 72% 69% 61 67 89 70% 65% 101% ■ -T - 100'/a "• 106 ~■104% 108 r 91% 101% 1970 .1982 64 v '■ 74% 73 753A 67 V 90 3s 69 93 99 3A 111 88 93 73 3s 80 37 93 98 Electric 78% 93 68 4s 80 92 97 1st 80 97 91 100 1993 trust 107'A 99 92 1977 Div 100% 106% 98'A 98% General 5s series B, coll 98% lOS'A 96'A 913/a Ref M 97y2 108'A 98% 993A 95 & 98% 107% 97'A 99 85% 1st 98% 99% 91 98% 106 3A 993A 913/a 99 80 impt 4'/2s series E 96% 106% 97% 98'A 973/4 1063A 97% 99% 100'A 100 85% Cleve Cinn Chic & St L gen 4s 101% 97% 3%s ser E 1969 2%s ' 79 & / 85 78% 85% Columbus •• 91 77 80% 1st 75 85% 80 83% 1st 75 85% 76% 79% Cleveland 77 77 823A 77'A 83% & 75 3 ^ 823A 80 D 80 74 X78% 82% Series 76 75'A 78 Cleveland 83 — 81 82% mortgage 101% 8 2'A 74 81% 1st 101'A 101 79% 82 Cleveland ■ 75 3/a 793A Div 102% 84% 4s Wabash 101'A 90 102% 75 3/8 1993 Louis 101 943/8 101 78 1961 St 93% 103'A 76% 80 Cinn 90'A 88% ' & 103% ' 101 102 101 101'A — 102 y4 101 94 88 3A 103'A —— ■ - . 1963 cons m mortgage 2%s Investing 87% 86 85% 104% 87'A 104'A 100 105 101 102 85% 104% 86% 81 104% 104 75% City Ice & Fuel 2%s City 106% 82% D Elec & Cinn Union Term ; — — 106'/a 81 50-yr 4s__1952 cons series & 89'A -- 106% 1963 27As series "G" Chic & W Indiana ref 86% ,' 74% Union Station— & 105 'A — 1053A 1994 3'As series F mtge 104% 106 104% l063/a 106 105 Q1 yi 104 71% 100 — 105% 107% 105% 107% 1053/4 106 -- — — -- -- -- — 1994 2%-4'As 2%-4'As 1st 1st 101'A --- S'eastern— & 1st 1st 78 106 105% 106'A 105% 105% 104% 105 101 101'/a 105'A 106% 99 98 98 99'A 99 99 94% 97'A 94% 95'A 95% 97 96% 94 96'A 93 93% '931/4 94 97% 99 96 % 97 100' 103% 109'A : 95% 94 102 102% 100% 101% 101% 102 107% 110% 106% 108'A 107% 108% - 97 94% 94 92% 96 96% ; 97 94% 95 97% 94% 95'A 94 97% 95 97'A 99'A *96% 101% 102'A 101 102 101% 102% 107% 109% 106% 108% 106 107% Volume 169 Number 4770 THE 1948 V January Rftvn« BONDS Low Consolidated Nat Gas 2%s debs Consumer Power 27/8s Continental Baking 3s deb Crucible Steel 1st Cuba RR 1st _„1942 50-year 5s gold__ deposit receipts NEW YORK March Low High April Low High High BOND ,, May Low 99y2 1952 343/f "B" 52% 100 % RECORD June High - July (367) August Low High Low 100% 101% 100% 101% 100 101% 98 Ve 100 9 8/a 100 98% 100% 100% 102 99% 101 99% 99% 97% 98% 97% 98% 98 % 99% 99% 100 100 89 89% 88 % 92 90% 94 93 54% 53% 53 J/4 55% 55% 40y4 40% 101% 101 High 101/a October September High 100% 97 19 1948 Low 89% 39 November December High Low,. High Low High Low 1013/a 100% 1013/a 100% 101% 101% 99% Low 101 97% 99% 973/4 100% 99% 99 100 100 High 102 101'% 99% 99% 92% 94 % 92 92 92% 92% 90% 91 91% 91% 90% 48 94 50 49 51 50 53 50 50 50 50% 49% x50% 37% 39 38% "39% 34 x35% 99 99% 92 38 39% 42% 39 40 37 % 39% 37% 39 83 38% 38 81% 81% 80 % 81% 83% 83% 83% 84 82% 82% 83 83 —— 83 83 35% 34% 82% 32% 83%. 82 33% 34% 35 82% 36% 35 35% 36% 31% 34 33% 32% 33% 33% 33% 33 36% 31% 34% 35 33% 35 37 32% 33% 35 34% 35 % 35% 35 36 35 35% 36 35% 35 35% 35 36 34% 36% 33 34 % 333/i 37 34% 35% 35 35 35 35 34% 35 82 81 35 33% 37% 35,7 1946 88 39 2 Si,, "A"____Z_Ii946 96 53% 53% 98% 92% pq/B ' CHRONICLE 100% 98 077/ „__1966 Deposit receipts 7%s deposit receipts 6s ™ 1965 1st 5%s Northern Ry Deposit receipts Low FINANCIAL 1968 ,1975 intge 3/8s Cuba - February High COMMERCIAL ,& 36% 38% 40% : , —. • D Dayton Power & Light 2%s Dayton Union Ry 3%s "B" Deere & Co Delaware 2%s & Hudson Y. Lack & mtge 5s Income mtge due & Coll Essex trust 1st ~~~1993 (3% & 89% 83 82% 83 81% 81% 59 56% 60% fixed 1% iqqq 95% 97% 96 99% l66% 99% 100% 100 96% 95% 97 95 % 96% 95% : 102 58 101% 94 93% 96% 95 96 84 85 86 86% 87 88% 88% 85 87 87 88 60% 65 58 60%' 60% 62% 62% 68 58 % 63% 593/4 61% 60% 61% 64% 65% 64% 65% 64% 66% 643/4 66% 66% 102% 102% 101% 101% 1013/a 92% 89% 91% 88% 70% 66 67% 64% 94 60% . 56% 60 60% 64 101% 102 103 102% 103 1st 96 97% 98% 100% 101% 101% 97 933/4 96 95 96% 85 85 86 86 87% 63-% 61% 63 63 103 67 68% 65% 68 Ve 66% 67% 100% 101% 100 % 101 % 915/a 87% 88% 84% 88 85 89 68% 101 65% 67% 61 66% 63% 66% CO CO <r 101 103% 80 83% 83 86% x85 91 88% 92 89% 93 90 51% 56% 56% 62 x567% 62 59% 65% 63% 67% 65; 70% 70 77% x75/a 80% 78% 80% 80% • 70 68% 82% 80% 82% 803/4 109% 108% 109 108% 109% 110 110% 108% 102% 109% 108% 109 103% 107% 102% 108% 107% 108 103% 103 107% 107% 107% 1083% 103% 103 % 104% 101% 104 101 102% 101 101% 1003A 102% 100% 103 102% 104% 96 96% '96% 97% 1(1**4 105% 1043/4 105 5% 69 71 96% 98% 96/a 97 96 97 96% 91 96% 97 95% 95% 97 75 75% 75% 76 76 76 76 76 73% 70% 71 70%' 70% 102% 103% Z-1958 IIl982 4s g 1995 60% Ji^y 104% 103% 97% 97% 96"% 60 100 73% 75 75 75 58% 63 65% 65% 68 68 99% 98% 68% 60% < 99 104% 106% 105 106 102 101% 102% 103 104% 105 106% 101% 104% 79 80 79 1083% 1083% 108 * 80% 1093% 99 76 71 74% 104% 103% 105% 104 84 84 83% 84 84% 84 % 84 84% 83 84% 84% 86 97 98 84% 84% 84% 84% 83 83 84% 84 86% 96% 83% 97% 97% 98 97% 98 97% 98% 40 97% 98 96% 97 38 96% 96% 97 973/4 96 41% 97% 96% 97% 38% 41% 40% 48 45% 48 46% 49% 45 49 45- 46 98% 45% 49% 48% 49% 98% 45% 48 463/4 99% 99% 99% 100 997/a 100% 98% 100% 97% 99 97% 98% 97% 98% 963% 98% 96 3% 99 99 156% 111% 111% 156% 1033/4 99% 100% 110 110 110 111 103% 103 103% 104% 103 105 66 68% 64% 67% 64 111% 1123% 1113% 112 111% 111% 141 105 105 105 105% 105% 1053% 1053/4 1053/4 104 104 105 106 106% 105 106% 104% 106% 105 105% 103 1063% 101% 103% 103% 1043% 105% 105% 71% 69% 71% 69% 723% 70% 73% 93 .1990 82 .2000 80 93 93 93* 81 81 81% 81% 82 83 82% 79% 82 80 78 80% 83 80% 1953 96% __ —-: .. .1961 93 93 94 94 94 81 83 82% 82% 84 86% 833/4 82% 95% 83 85% 103% 103% 103% 104 103% 103% 1023/4 103% 1023% 103% 102% 103/a 1013% 101% 101% 102 102% 102% 102 102 102% 102% 52% 58 % 56% 64% 61 66 59 60 60 62 105 103 102% 104% 103% 84 % 84 /a 60 62 59% 60 60 59% 603/4 59% 103 104 103 % 103% 103% 86 83% 61% 60% 59 59% 104 83% '' — 100 100% & 104 103% 103 103 67 70 66% 69%" 95 84 84% 82 82 81 81% 80% 83 99 99 . 95% 85% 104 103 142% 103 94 863% 100 102% 112 95 94 102% 103 111% 105% 70% 100 102% 111% 102 66% 100 103 104 70% 103% 573/4 104% 103% 673/4 101 50 % 103% 111% 85% 86 100 62% 142 104 86 963/4 ■■ 533/4 150 103% 71 100 • 112 145 69 102% -1959 112 ! 94 .823% 48 100% 103 — .1971 ' 105% 66 67 1123% 104% 101% 104 112 141 — llls/8 104% 103% 111% 100 ■' ■' 1949 81 80 83 102 1974 81% 98 38% .1965 G~Z~ 3%s series 98 80 81 .1970 & ref 5s. 103% 97% 815/a 96 % 1977 o 74 103% 96% 68% 60% 96 .1965 mtge 63 102% 57% .1964 Gen 98 82 % Co— cons 97% 10I 97 108 .2015 1st 98 100 3/8 1966 stamped RR 97% 101% 84% .1995 WWOVtiH W 54% 61% 66% .1956 Erie 97% 100% 1970 Duquesne Light 1st mtge 2%s 5s 102 53% __ Paso & S 99% 101 82% Second gold 4s • "1995 Detroit Term & Tunnel 1st 4%iIIl961 Detroit Tol & Ironton 2%s B 1976 Dow Chemical Co 2.35s debs 1961 Duluth South Shore & Atl gold 5s 1937 El 97%' 99% 102 contin¬ 3%s Ser G W 60 101 2018 H W 98% 101% fixed) 3s convertible debentures Gen & ref 2%s series I Detroit & Mackinac 1st lien „ 101% 91 Lake— (3% ref 99 103% 101 89 H1977 ' Salt series JS 98% 103/4 93 54% 1973 __ gent interest) Detroit Edison Co— Gen 99 103% 100% West— interest) lnc mtge 103/2 100% 90% 54 —May 1 2042 contingent interest) 1993 mtge ser A (46% contingent & 98 % . 101 95% Division— Gr mtge ser A Denver 98% 100% 80% 1973 l'/c Inc 101% 92% Co.—~~ C ser 4-6s <fe Rio 96% — 1963 Delaware Power & Light 3s_ 1st mtge & coll tr 3%s„ Denver 97 100 Western Div— 1st & ref Morris 96 1965 4s Delaware Lack & West RR N. ___1975 deb_____^III~I~l965 mhi - 102% 102% 56 553/4 104% -• ; 83% 100 ' «L'— — 102% 61% 103% 102% 103% 103 % 104 102% 1033% 102% 102% 102% 102% 60% 102% 102% 104% 103 % 61% 58 53 553/4 553/4 57 103/a 105 104% 104% 59% 573/4 104 :/ 103 Realty & Utilities Corp- 4s inc toiiv I debs (B F) Co .1969 .1965 2%s 81% 97% .1952 Goocii/ch Gre&i, 109% 82 83 82 993/4 82% 98 3/4 83% 98% 993/4 99% 111% 110% 111 % 110% 111% 111 117 % 118% 118% 120 % 120% 1233/4 111 83% 98% 112 112 114 112 116 Northern— 112 111 .1973 88 .1982 .2010 .1961 Debenture 110% 90 .2000 843/4 83 83% 833/4 84% 85 86 84 85% 85 97% 84% 99% 99% 99% 98 993/a 97% 99 3/a 99 110% 110% 109% 110% 110% 109% 110 109% 118 119% 119 1193/4 119% 120% 1171 117% 115% 116% 115 115 90% 87 3/a 1003/a 100 100% 1113/4 111% 111% 110% 111% 1215/a 123 122% 122% 122% 123 119% 1223/4 118 119 116 116% 117 1173/4 117/a 117% 117% 117% 117% 117% 99 100 86 99% 1093/4 .1968 "D"__! .1969 94% 963/4 99% 91 90 91 90 % 91 93 >/a 93/a 95 /a 95% 94 98 93 94 913/4 93% 91 91 91 91 88 89 90 85% 85 3/4 86 92 % 86 86% 86 91 92 92% 90% 91% 84 90% 84% 86% 831 84% 83 /a 85 76% 75/4 763/4 83% 85% 75% 763/4 78% 79% 81 81% 81 92 70 923/4 91% 923/4 93% 93% 93 95 95 63 7% ~6% ~7/a 100% 101% 101% r 100% 93 .2015 3%sl 97 74 .1975 1st & ref mortgage 3%s 92% 82% B_ .1959 trust 86 993/4 63 certificates Collateral 93 101 7 3%s series O.. mtge 118% 110 .1990 Gen 116 .1976 ' 69 6% "7 6% 96 3/4 8 96% 98 97% 82 94 95% 99% .. • 92 96 90% 93 79% 79% 74% 78% 74 95 93% 94% 93% 94% 64 653/4 95 102 102% 96 96 98% 97 102% 102% 99% 653/4 7% 10% 11% 8% 9% 10% 9 102% 102% 102% 102% 102% 102% 102% 102 100 100 % 101% 100/a 103 3/8 98% 99% 99% 96% 96% 9 68 7/a 71 68% 73% 74/a 77 76 77 79 80 76% 93 933/a 93 96 96 96% 96% 99 98% 99/a 99 57% 613/4 56% 61% 593/4 623/4 933/4: 93 % 95 94 94% • x58 % 96 • 71 "•f 81 % 73% 95 74 76 95 76% 94% 90/a 95 3/a «... 97 97 99 93% 93% 72% 90 74 102% ' 1976 90 76 93'/a 64 95% ■ __ 71/a ■ 92% 98% ' ' i 97 97 95 % -2044 80 9 — 100 73 " 97 10 10 8 9 102% 102 3/a 99% 98% 96 97% 76 76 76 953/4 95% 96 74% 95 101% 8 1013/4 102 9 102 / 97 97 < 72 73 95% 95% 63% 62% 65% 64 66 3/4 63 65% 60% 63 61 64% 61% 63 56% 62 58 60 3/, 96 96% 96% 97% 97% 96% 96% 93 93 97 97 93% 94% 933A 94 94% 96% 95 93 93 H .1976 2%s Finance Hudson Coal 119% .1970 1st s f 5s .1962 .1949 .1957 .1957 Illinois Bell Telep 2%s series A__1981 1st mortgage 3s series B Central 1st 4s * Extended 1st 1951 3%s gold 1951 1st gold gold 3%s sterling 3s Collateral trust lines Refunding Cairo 943/4 88 96 943/4 57% 62% 59% 62 3/8 59% 61% 68 63% 67% 63 65 17% 62 % 23% 20 23 21% 24 263/4 24% 27 24 % 25% 23% 973/4 95% 97% 96 97% .95 x21% ' 97% 98% 973/4 99 92% 104% 97% 96 104 5/a 100 94% 104 % 96 3/4 96 94 95 95 96 100 3/a 100% __ 100 S/8 100% 101% 101% 102 102 102 103% 103% 95% 95 95/a 945/a 96 95% 61 60 64 29% 22% 25% 20 % 23% 21 24% 20% 24 21% 26% 97% 98s/a 94% 975/a 102% 100% 102 % 103 103 95 103 943/4 96% 101% 102% 103 102 103 103 101% 104% 104 105% 103/a 1043/4 103% 105 104 104% 101 101 96 101 % 101 1953 101% 101% 101% 102 /a 101 95 101 95% 97 96% 100 3/4 100% 102% 102 102 3/4 101% 102% 1015/a 102% l6i3/4 102% 1023/4 105 1043/4 106% 106/a 108% 105% 107% 105% 1063/4 105% 106% 105% 107 893A 83% 85% 1955 1033/4 105% Aug 11966 «79 % 83% • 1st gold 3s„1951 1951 1951 gold 4s __1951 97 98% Chic St L & A N 100 102 105% 82% 79 100 100% ' 95% 813/4 82 863/4 85 893/4 87% 89% 104% 104% 100% 993/4 97% 97% 98% 99% 99% 100 5/a 101% 103% 84 100% 101 98% 101 99 % 100 3/4 1003/4 99% 99% 1013/a 102 100 102% 103 * 99 % 99% 99% 99 %, 99/a 102% 102% 100% 103 103 94% 96% 103% 101% 1023/4 101% 101% — 102% 102 Ve 103% 101% 101% 102/8 104 105 104 104% 103 104% 101 100 101 101 101 % 101% 102% 100% 101% 100 3/4 101% 106 107 Va 105% 106% 105% 106 3/4 83 — —• 83 853/4 82% 84% 103% 87 ■ 100 103% 103% 103% 1013/a 100 100% 100% 101 101 101 102 3/a 102% 102% 102% 103 101 101/a 101% 101% 100 100 100 101/a 101/a 101% 101/a 101 Ve 102 3/4 103 102/a 102 % 1023/4 102% 99% 101/a 102% 101/4 101 101/a 102 101% 101 101% 99% l665/8 1065/8 102% 102% 85% 104% 993/a 102 100 81 104% 99% 99% 104% 96 101 103 101 104 % 100 100 99% 1013/4 104% 100 102 101 ___ series 77 104 % 101% gold 3s 3%s 1st 102% 1950 103/a 101% 943/4 103 — 101 % " 103 103 102 Ve 101% 101% 100% gold 4s 97% 1013/4 103 101 101 102 3/4 103% 100% 1033/4 101 103% 95% 102 3/4 575/a 101 1013/4 96 93% 613/a 101% 103 95% 102 5/a 58 3/4 99% 100% 95% 62 993/4 101 95 57% 102% 99% 93% 95 120 63% 101 102% 945/a 94% 118% 60% 98 100% 96% 94% 120 65 103% 99 103% 955/8 94% 117 103% 103% 99% 100 943/4 123 104% 102 103 93 123 103% 104% 100/8 103 97- 1st M 60% 95 102 % 103 100 & 963/4 1043/4 94% 123 3/a 101 Division 5s 97% 90/a 1043/4 100 1st 97 91% 105% 94 123 125 98% 5s Cent 973/4 88% 98% 1st 97 94% 125 105% 99% Joint 98 96 127 1952 Registered ; 96% 96 126% 91% 97 Illinois 96% 96 127% 1952 1955 Lines 947/8 96 126% 105% St Louis Div & Term Western 95 96% 126% 104% Louisville Div & Term gold 3%s_1953 Omaha Division 1st gold 3s __1951 Gold 96% 126 3%s__ Bridge gold 4s Litchfield 95% 125 1951 4%s 40-year 95% 124 1951 1 4s Purchased trust 95% 122 gold 4s Refunding Collateral 94% 1193/4 1978 Illinois 1st 95 119% Corp- f.debs s 94% .1999 Household V " 103 103 101 100 101 O 1963 91% 95 89 94 88 3/4 94 3/a 933/4 97 y2 95% 96% 995/a 94% 97 3/a 933/4 963/4 95% 98 refunding 4%s series C—1963 ref mtge 4s series D 1963 923/4 96% 833/4 89 81% 85% 81% 85% 85% 893/4 88 92 3/4 91 93% 89 92 5/a 87% 893/4 87 3/a 90 88% 91% 843/4 89% 85% 88% 77 82 % 773/4 78 77 79% 78% 84 833/4 85 86 3/4 88% 83 863/4 81 /a 81% 82% 82% 82 833/4 80 83 80 82 & For footnotes see page 23. 100 97 % 100% 93% 95% 20 (368) THE 1948 January BONDS Illinois Terminal 4s__________1970 RR Ind Illinois & Iowa Low 1st gold IndiaHapoiis Union Ry Ref & 2Vis imp Internat'l Gt No Adjustment 6s 5s series series A deb l 85 % 95% 96% 98 97 . 99 102 I 99% October High Low 100% 99% Internat'l 101% December November Low High Low High 100% 100% 100% 101% High 99% 101 9974 99% 100 100 100 100 100% 101 101 101 1952 100% 101 101 100% 102 58 >/4 52% 58% 54 57 56 59 58% 63% 62% 65% 61% 67% 61 % 66% 64% 69% 66% 72% 71 % 76 •63% 25% 20 24% 21% 25% 23 26% 25 31 30 43% 36 38 % 36% 4074 35 29 38 % 23% 32 22 % 25 63% 69 65% 71% 59% 70 64 69 % 65% 71% 57% 68 64% 67'% 65 67 65% 67% 102 102 96% 97 49 53 48% 54»/2 52% 55% 54 56% 55% 59 59 62 % 60% 63% 58% 61 61% 50 52 % 51 53 52'% 54 53% 56 65 % 60 59 62% 60% 63 59 61 62 6374 1944 62 63 74 61 63% 60 63 61% 63% 62 66 65 67 64 % 66 66 101 102 101% 101% 99 99 99 99 100% 67% 101 % 6s 1st Clear 90 90 53% 22 1st 5sB_1972 Rys Cent Amer & Low High Low High 85 % 100% 101% Low September August July High 1956 Hydro Frankl 95.' 96% 100% Low High 1948 - 1956 C Internat'l James 96 100% June Low Low Thursday, January 20,' 1949 38% 64 Va B 5s 97 100%' 1986 series A___1952 Elec 1st 95 100 RECORD May April High High BOND CHRONICLE tu— 6s series 1st 1950 C ser 1st 4s March Low High FINANCIAL & NEW YORK - February Low High COMMERCIAL 101 62% 101 x60% 102 101 100%, 100% 101 101 76% 1959 77% 81 75% 81% 77% 78 77% 83 81 82 78% 80% 80 82 79 81% 74% 80 74% 76% 72% 75% 74 76% 1976 96% 96% 95% 96% 96% 97% 98 'A 98% 97% 98% 98 98'% 98% 98% 96% 96% 96 97% 97 98 96% 96% 96% 9 7'/a 1990 4s Jersey Cent Pow & Lt 2%s 94 74 95 95% 97 97 94 95 93 96 98'% 99% 99% 100% 100% 100% 98% 98% 97% 97% 98% K Kanawha Kansas 1st 1st gtd 4s City Power & Light 2%s 1st City Southern 1st gold 3s_1950 mortgage 374s series B series Ind Terminal unguaranteed Co 1st Kreuger & Toll Light 4%s Mich & 111 111 110% 110% 111% 45 Nitrate & 5s 102% 102 102 % lor 102% 104% 103 103% 101% 114% 112 114% 114% 45 __ 97 112% 97 97% 112% 97 Va 1959 1 99% 1% 100% 1 1% income l'/a 1 174 109% 108 109% 107 101% 1 % 1% 1% 98 102 % 92 91% 96 ' 98# 103% f s 1 175 1% 175" 100% 52 __ __ 101% 100 100 Va 1% 1 1 Va 1 111% 106% 109% 107% 111 107% 96% 95% 98 96 96 Va 95% 96 Va 94% 95 94 % 90 89 90 86% 88% 90 90 89% 100% 'J4% 96 89'% 90 1% 94 % 108 94% 101 74 101% 105% 100 95 89% 90 110% , 83% 89% 89% 86 90% 86% 92 86 91% 87% 89 86% 90 82 85 8174 86% 88'A 91 90 91% 89% 93 94% 94% 94 95 91 94 90 91 92 S4 93% 95% 96'% 97 96 98% 95 % 97'% 96 96% 95 95% 95 95% 95 95 96 96% 100 100% 100 100% '91% — 85% 85 88 £2% 83% 83% 85 85 85% €0 63 % 60 % 64% 62 65% 66% 68 63% 67 71% 69 71 6874 72 70 7474 71% 2003 30% 34 28% 30% 27 31% 3074 36% 3374 2003 28 % 31 26% 26'A 32 34 32 % 2003 32 % 36 31 33 30 33% 40% 37% __2003 30% 31% 31 31 2974 33% 29 34 35 35 34 % 40 42 38 40% 3674 39 % 3974 44% <19 refunding : f s 1 5s __ 9674 9274 93% 92 ; 88% 8874 88% 93 887a 9374 89 Va 97% 87 % __ 89 100 100 1974 modified • registered modified 2003 92% 92% 93 93 % 66 68 65% 68 66% 68 67 68% 72 73 % 69 72 68 71 66% 70 36 3 4 39% 37 39% 35% 39% 37 40 % 35% 35% 3774 37% 3774 35 36% 35 % 36% Va 313-4 4174 39 Va 4274 39% 42 % 41% 43% 38 39 39 40 38 "4 39 4274 46% 42% 45% 93 67 65 69 67% 71% 75 73 % 75 73% 75 38 35% 39 35% 3974 36 32% 37 37 35% 38 Va 41% 38% 42 39 42% 39 '37 . 38'A 39 % 38 40 42% 46 a 91 61 70 76 73% 78 93% 96 92 6774 73% / vB 121 121 121 121 Va Liggett & Myers 110% 111 % 110% 111 110 111 109% 110% 109% 110% 109% 18 23 24% 24% *26% 25% _1951 5s 72% 70% 73 - ■'•• 71% 74% 74 72 45% 491/2 45% 72 73% 71 73 — 110 1C8% 109 107% 71% 47 72% 70% r—i 0 CO cr* 120 120 120 120 120 10774 — 108 109% 69% 73 71% 120 — - 43% 109% 107% 108 107% 108 Va 23% 23% 100 A3 107 VI 107 26 34 25": 25- 1949 101% 101% 4s__1949 101% 102 101% 4s 39% 44 — A__1962 A___"L____1952 93% v 3/S 121 gold 92% 93% 121 refunding stamped 92% 9274 121 unified 96 95 94 68 % Guaranteed 94% 9174 121 :: series 96 93% 72 4s 94% 9374 121 ser 93% 93% 67 Tobacco 100 9374 95 121 general 100 93% 1951 Lombard-Electric-7s 100 w-. 1974 modified 101% 101A 25% 99% 100% 100% 101 & 101% 25% 99% 101 & 102% 27 10138 101 101% 100 !ij 101% 25 % 25%; 25 26 25 •; 100 A* 100 A2 100 i 3 100 A3 100% 25 25 25 26% 100 A 100% 108% 100 100% 1949 Electric Nashville 101% 102 IOISS ioi38 1013°2 10130 101 101% 100% 101 % 100% 100% 100 A3 101 100% 100A2 100 A! 100 A3 100/Jr ioo ,v. loo % 109 % 109% 109% 110 110% 110 110% 109% 110 109 % 110% 108 % 109% 108% 109 107% 107% 103'A 108'A 107% 108 107% 107 % 101 102% 101 % 101% 101% 102 101% 102% 102 102% 102 102% 101 % 102% 100% 101% 101 % 102 101% 10274 101% 102% 102 102% 1966 3%s 101% 109 1963 & 101% 1951 , 5s Co debentures & 108 52 97 97 175 89% 84 Louisville 100% 101% 95% 85 Gas 175 103 88 85 Louisville 108 50 . 95% 1964 (P) 98 175 102 Va _i. — 1954 5s registered as 97 175 — 88 Lexington & Eastern 1st gold 5s.__1965 3s ' 94 % 96 Loriilard 93 109 100 100 — — • 88 85 % Island 98 1970 Lehigh Valley Terminal ext 5s Long 100 112% 94' 85% Miami 9!)% 103 99 50 45 87% 96 stamped Little 98% 94 1964 5s stamped 112% __ 1954 4%s 9874 98 1 101% 101% 99% 101% 98% 102% 1975 Lehigh Valley Harbor Term 1st 5s_1954 Lehigh Valley (N Y) ext 4%s 1950 Lehigh Valley RR— 4s 98 102 Va 171 100% 99,% 100% 82% gold 3.%s_lyy7 stamped 4%s __ 45 102% 1% 170 101 1% 9874 — 98 169 101% 101% 98% 101% 99 % 101% 99 Ltd— refunding stamped 101% 100% 103 * ' 112% 100 1% 50 ; 98 98% 98 98 101 101% 99% 99% 99 112% 112 i/s 169 176 100 102 99 99 103% 109 50 98 % 98 97% 112% 170 99% 101% lui 114% 50 50 - __ refunding 5s stamped & 5s 97 98 stamped & 5s 4s 97 44 98% 99% 97% 99% 102% 103 98 98% debs_~1963 conv Sou % 102% 101 % ' 45 „• ... mortgage 1st 97% 1997 Lehigh Coal &• Nav 3%s "A" Lehigh Valley Coal— 1st 98% 1964 3s certificates 3%s registered 1st 97% 1961 __• mortgage 5s 102% 100% 97% 1961 Kings Co Elec Light & Power 6s Koppers 1st 103 % 100'% 1961 Lautaro 102% 102 100% 1961 Shore 102% 101% 98 1987 4%s Plain Lake 102% 99% 100% .1974 City Terminal Ry 2%s Kentucky Central gold 4s Laclede Gas 102% 100% 96% 96 100 98 100 102% ly/6 Kansas 4%s 102% 103 95 100 1968 A Kentucky & Stamped 102% 95 97 100 97% 100 1976 1978 L_ mortgage 274s Kansas 4s Mich & 106% 106% 105% 107 % 107 107% 107% 108 107% 108 107% 108 % 105% 107 % 105% 107. 10674 108'A 107 107% 106% 107 106% 107'/a 100% 100% 101 100 101% 96 98 ; 87 92 8974 91% 92 93'A 88 3'4 89 85 89% 84 84% 77 82 78% 83% 79% 83 RR— .2003 95 97% 95% 97% 96 98 98% .2003 84 86 84 87 85 % 86% 87 .2003 __ __ 96 96 1980 .1955 10974 89 89% 89% 83% 96 96 % 10974 10974 10974 92% 96 111 101 94% 94% 109% 109% 109% 110% 110% 108% 101 100% 101 101 101% 99% 100% 95 95% 93 95 Va 93 80 77% 79% 96% 96 97% 93 110% 109% 100 94% 93% 111 Q5 94 94% 76 Va 95 89% 93'/a 94 106 Va 106 94 % 106% 100 Va 106 % 101 M Macy (R & H) 2%s Co deb__; 1972 Maine Central RR gen m 4V2s ser A iyuo 1st Manatl Manila May & coll 4s mtge sinking Sugar RR Sou Dept series B__.__1954 fund Lines Stores 1st 1957 4s 99% 99% 99% 71 68 69% 67 97 97% 97% 98 84% 85 85 86 85% 86 1972 Mead 95 95% 94% 95% 96 98 98 98 98 100% Metrop Wtr Sewer & Drain 5%s__1950 99% 2%s 99 73% 72 74 % 71 73% 71 74 71 73 % 72% 74 73 75% 70% 73 68 72 95 97 97% 97 97% 97% 97% 97% 98 95% 9774 9674 9674 97 97 95 % 97 85% 85% 85% 91% 84% 91 84% 85% 86 % 87% 85 87% 86 86 % 83% 85 Va 83'% 85 Va 70 70 1966 1974 Corp 3s Metropolitan Edison 97% 69 94% 69% ext'd 4s_1959 debs___ 2%s 99% 68% 99 98 100% 99% 100% 100' 101 100 100 98% 99 % 100% 70 70 70 •98 98 97% 98 97 99% 99% 100 % 98 98% 70 98% 101 100% 101 101 100% 100 100 100 99% 100% 96 98 98 100% 100 100% 100% 98 % 99% 100 100 9474 95% 9474 102'A 102 % 101% 99 9b % 9874 97% 99 101 10074 100% 101 96 ; 102% 101 95 9774 94% 101% 102 % 98 9974 1952 Midland ot Minnesota Minn St N J Min P 1st & S & S 5s 1940 2%s __1967 ext Mfg & Kansas Prior lien 4s Prior lien 4%s Cumulative Missouri series 74 80 104% 96 lUO luO 83% 106% 100% 99 100 100 81% 84% 81% 86 86 105% 104 % 105% 103% lud 83%" 1007: 99% 100 87 100% 86 101 102% 87% Iuj.% 102% 87 106% 105 86% 87% 105 1u^% 101V8 83% 87 105 Va 103 % 101 Va 101% 101 % 83 86 105% 104 104% 105% 106 104% 96 84% 103% 100 101% ua 98% 0/ 5478 101 101 u4% 101 5i 5J 100% 101 52% 101 59% 101% x56 101% 56 101% 59% 101% 65 101% 53% 57 o,% 100% 101% 100% 100% 99% 57 83 103% 104% 105% 101% 100% • 56 57 Va 57 55 Va 100% 99% 100% 99% 82 7,a 80 104% 101% 98 101% 54 100% 81 104 Va 100 104% 101'% RR 4s__1990 90% 92 91% 93 55 52% 55% 52 56% 93% X51 56 101% 93% 92 92% 89 92 El 89 88 88 85 83 84% 87 84 86 83 84% 57% 51 54% 50% 53% 49% 51% 50% 52 51% 53% 52% 54 51 54 49% 51% 77% 71 Va 74% • 69 72% 68% 73 75% 79 76% 78% 75% 78% 75% 78% 75% 7 fi 72 73 % 71% 73% 75 72 % 75 71% 75 74 77% 76% 81 80 84% 78 82 77 78 Va 73% 78% 75% 79% 78 82 80 61 63 % 61% 64 63% 65 62% 65 64% 67 67 69% 66 68 64 6d 63 64% 62 65% 62% 66 65% .__1973 63 65% 61% 64% 63 65 65 66% 65% 68% 68 71% 68 71 62% 68 64% 66 65% 66% 62% 67 67 series A__1967 5s 91 50% 71% A__1962 5s D 5s 1st 90 j._1962 RR B series adjust Pacific General 1991 1st Texas Missouri-Kansas-Texas 1st "A"_1971 mtge 4s inc series "A" Missouri 100% 99 84% 100% 9a 99% 102% M— 1st mortgage 4%s inc series Gen 99% 101 _1951 3%s Refunding & impvt 4%s ser C__1979 Michigan Consolidated Gas 3%s 1969 1st mtge 2%s_ 1969 1st mortgage 3%s_ 1969 102 % 99% 101 Michigan Bell Telephone 3%s debs_1988 Michigan Central RR— Jack L & So gold 1st gold 3 %S 96% 96 % 101 99 102% 97 A__liR5 ser 1975 4s 75 69% 47% 51 47 52% 52 67 64 67% 65% 72 70 80 74 78% 71% 78 73% 79% 77% 81% 77% 84% 83% 89 81% 88 35% 39 30 % 37% 33 36% 34% 38% 35% 41% 39% 50% 43% 49 65% , x62 % 71 83% 69% 72% ' 71 76 70% 74 68 % 73% 67% 81 85% 83% 86% 85% 89% 84% 90 79% 86% 42% 47% 43% 48% 44% 49% 42% 51% 42 45 I 76 74 78% refunding 5s series F 1977 1st & refunding gold 5s ser G—1978 73 73% 73% 71% 79 73 % 79 3'4 78 82% 78 84% 83% 83 Va 82 88% I 80% 86% 83% 87 85 89% 8414 90% 79 % 86% 78 % 72 76% 73% 79% 78 82 78 Va 84% 83% 88% 81% 88 80 86 83% 86% 85% 89% 84% 90% ___lc»4^ 23% 27% 18% 24% 20% 23% 21% 25% 23 27 26 30% 28 30 Va 24% 2a% 25% 29% 26 30% 26 31% .79 % ;25% 87, 27% 5s ser H__1980 1st & refunding 5s series I r__1981 Mohawk & Malone 1st gtd gold 4s_1991 73% 78 5 8 71% 79 73% 79% 78 82% 73 84 Va 83% 89 81% 88% 80% 86 83 % 87 84% 89% 84% 90 Va 79'A 87 73% 78% 71% 79 73% 79 % 77% 82 77% 84% 83 % 89 82 88 80% 86% 83% 87 85 89% 84% 90% 79 Va 86% 61 % 64% 64 64% 62 62% 62 66% 65 % 68 64 V8 66 64% 67 64% 67 66% 68% 66% 67 62% 65% 60% B 1966 101 % 102% 102 % 102% debentures.. 1958 101 101% 101% & Convertible 1st & gold 5%s refunding gold Monongahela 3%s Ry Morreir i John i 3s series 1st refunding 3%s_2000 Morris & Essex 54% 59% 68% 78 73% 64% 72% 69 __!9R6 88% 90% 89% Construction mtge 5s ser Construction mtge Mountain 103 103 103 103 104 102% 102% 102% 102 99% 101 100 Va 101% 101 Va 102 101% 102 % 99% 59 56% 1955 1955 102 3/a States T 4%s & T A ser B 2%s 102 102% 102% 102 102% 102% 103 103 99% 100 100% 100 Va 101 101 101 56 58% 56% 58% 78 75 73 Va 75 91 88% 91 58% 60% 58% 60 57% 59% 56% 58% 80 76 Va 82 80% 83% 78 80 76% 79% 77 80 76% 80 70 % 73% 71% 73 72% 75 71% 73 69% 72 71 Vs 72 % 71% 85 90% 92 9J % 91% 92% 92% ^ °3 88% 89% 90 Va 91 90% 103 % 103% 104 Ya 102 101% 102% 100% 90 90 90 PI 98 Vs 99% 98% 99% 90% % Va. 103 102 102 58% 79 %: 60 76% 71% • ,55% 57 Va 78 57 77- ■: 100% 72% 57"% 74 68% ' 100% 55% 56% 78% 72 ' 62 103% 99% 102% 102% , 1978 3%s debentures r 80 102% N Nashville National Chatt & Dairy St Prod Louis 3s National National St,eel _1986 2%s_____».~ 1970 1970 3s debentures __1965 3s __ 97% 84 Va 85 85% 98 99% 99 lu2%- 10474- 103% 97 104% 97 1967 97- 97- 1954 1948 102 Va 102% 101% 100 86% 9174 99% 100% England Tel & Tel 30-yr 5s__1952 104% 105% 104 105 163% 104 103% 97% 104% 103% 105 102% Supply 2%s debs RR 1st gold 4s Gas cons-gold 5s: Naugatuck Newark Cons New 8674 98 98% 100 Va 99 105 OT3/„ 85 85 93 85% 99 9874 97% 98% % 98'A 91% 102% 10274 102% 102% 102% 102% 102% 103% 103 104 103% 104% 103% 104 % 103% 104 Va 103 % 104% 103% 105 98 9674 97 Va 100% 100% 103 101% 102% 101% .102% " 1161/4 11674 116% 11674 99% 9974 97% 104 104% 10414 104% 103% 104% 166% 103 104 102% 103 Va 102% 103% 116% 113 115% 116% 99% 100 Va 116% 11(6% 117% 117% 118 117% 118 1171/2 118 118 113% 100% 100 Va 101 Va 100% 101% 101 102'. 101 101% 101% 102 97% 99% 101 Va 101 100% 100%' 115'% 97% 101 101 100 85 90 98% 1037a 100% 1961 23. 90 97 102 99 100% 1982 footnotes see page 91 102% 91 Va 100% '___ gold debentures For 97% 98 Va 100 Va 97 103% 4%s series B 1st 3s 89% 102 98% __ 100% 102% 10274 101% 115% 11674 116 100% 101% 9974 100% 99 117 99% i . Volume 169 Number 4770 THE COMMERCIAL & FINANCIAL CHRONICLE 21 (369) T January BONDS Low March February High Low Low High April Low High .M High June Low Low July High Low Jersey Bell Telephone 3VaS 1988 N Power 1974 101 101 1983 100 101 100 100% 100 100 100 101 100 102 % 103 102% 103 102% 103 103% 104 % 104% 100% 102% 101% 102% 102'A 103 103'/a 103'/a 103 J New & Light 1st mtge 3s Northern 5s Orleans Great New Orl New Orleans Term New Orleans 1 1st & 5s Northeastern series series A__1952 A ser 1953 Mexico— 1954 84 84% 84% 79 7A 83 1956 of 1954 of 86 81 84 81 . 81 90 80% 80% 82 - , v 80 102% 88 88 deposit 86 • •. ,. 8l% 92% 90% 1011/8 100 98 101% 86 % 79. 88% 86% 93 84% 85 Va 86% 86% 65% 90 91% 91% 100% 101 1 103% 101 Low 102 York Ref & Ref New Central 4%s impvt 5s & York 3%s Lake RR impvt 4s series Central A 1998 A C 3%s 67% 63 Va 67% 63 Va 66% 72% 69% 72% 69 2013 New coll 99 99i% 100 »/a 98% i 04 98 "A % 99% 104% 99% 104% 104% 104i/2 105I/4 104% 104 y2 104% 104% 101% 104% 103% 101% 1047/s 103 102% 102% 102% 103'/» 102% 103% 103 104 941/a •92 92% 99% 99 ' 99y2 100 99 92% 94 91% 93 91% 92'/4 92% 92 92% 89% 90 88 90 88% 92 92% 90 89 y2 91 86 y4 86% 85 86% 86 % 87 97% 95 96% 95 96% 94 96 93% 97 90% 97 92% OO CO 1 . Ref series Y 95 95% 69 64% 67% 63% 65% 63% 66 64 71% 73% 70 73% 681/2 71% 67% 70% 68 % 69% -'-I 92% 92% 65 % 59 62 % 66% 78% 76% 77% 77 83 % 81 84 79 811/2 77% 69 65 81 79% 81 76% 67 7 82 78% 80 Va 73 85% 85 88% 79% 75% 76% 85'/a 88% 85 % 71% 76% 71 76 76% 87% 73'A 78 85 78 82 81% 87% 86 78 87 82 82 80 85 % 82% 87% 80% 82 85 % 80 % 81 817a 61 % 80 62% 67% 67 Va 69% 80% 80 % 65% 66% 64% 66% 65 65% 62 62 65 65% 63 63 62 63 61'/2 62 61% 65 Va 65% 68 65% 66% 64 66 62V2 65% 62% 60% 62% 61% 61% gold 3%s 1998 1998 ' & St 1998 62 65 63% 62% 64 60 62% 62% 57% 57% 61% 57% .—; — 60 63* % — -- ■ 58 62 62 62 64 Louis— 1980 Connecting RR 2%s B 92 94 £l 1986 817A 86% 84 63% 60 621% 59% 61 62 % 62 Va 61% 61% 60 60 58% 58% 94% 95 93 94% 92 93 92 V* 93 % 90% 90 95 97 95% 97% 95% 88% 96'A 96 V'2 96 % 90 90 91 89 89 89% 90 88 90% 89% 90% 89% 90% 89 Va 87 89 86 88 96% 98% 97% 99% 2043 61 62% 96% 99% 99 99 ■A— 98% — 70% 73% 71% 74 1973 76% 80 79% 81 71% 79% 86 89% 100 100% 99 % •" A__1973 ser 61 64% 90 88 West 4s 61 94% 82 % B 64 61 86 98 100 62% 61% 92% 1951 100 7812 67% 85 2000 2043 a 64 % 61 91% 1975 Mortgage 4s series A.., 80 3 67 __ 85 Dock 1st gold 4s Harlem gold 3!/2s series B 80 64% 85 & 98 V'a ; — 99 97 '—w '' 100 100 100 89 90% 100 r99% 100% 98'/a ! 98 99 98 89 99% 99% 100 101 100 91 90 % 90 V2 88% 100 91 86 Vb 99 100 99 101 99 Vb 100 100 100 100 78 % 90% 91 100 100 98% a — 91% % York Lack & 95% 79% ; series 92% 76% York York 87% 95 78 New 4%s 86 — 66% 91 88 60% 95% 64% 91 89% 92% 93 % 89 91 921-2 85% V8 67% 72% 93 89% 79 New New 89 91 82 P Mtge 4s 92% 78 mtge 3 Vis series E_„— 3s N -CO /— 80 registered Chic 74% 102% 99% 74% registered York 70 70% High 102i/4 102'A 103 1997 Michigan Central coll gold 3!/2s_1998 3%s 69% 65 101% Hudson 3%s_1997 & registered Shore 63 2013 ser series Low 102% 104 96% — December High 103% 101 v81011% — New November Low High 107% 92 93 95 99% High 103'/2 90% 88% 96 100% October September Low High 104% 104 92 100% 90% 85% '• 85 — ■■ 88 102% ' I 78% 91 -- 102% 93% ' 1 deposit series A Certificates 86 deposit 4%s series D 1st 5%s 84 82 deposit of Certificates 82 1956 of C Certificates 1st 4'As 4s & B Certificates 1st 5s 1st Texas 102% 101 % August Low High 103% New 100 — z 73% 71% 73 72 V'a 74% 76V2 76% 77 76% 77 81 78% 80 V'a 72% 81% 82% 84% 85 831/4 84 83 83 82% 75i/a 68 % 72% 100 - 61% 90% 86'A 100 87% 99% 100'A 100 100 97 97 69% ■ 71% 84% 69% 88 100% —' 83% 81% ' 77 82% 59 73% 79 Va 74 69% 71 81'A 81 81 79 80 N Y New Haven & Hartford— Collateral trust 6s Debenture 1940 4s 1957 11 12 2007 65 % 67% -2022 4s series Harlem Riv & Pt Chester 1st 4s_1954 Western 1st General 4s Elec New York & Steam Gas gold 100 8% 79% 81% 19% 18% 25% 25V4 27 70 67% 72% 70 '/2 72% 31 98% 35% 100 8% 32% 100% 9% 7% 37 X35V4 10 42% 39% 46 % 43% 47 45% 51% 100 y2 100% 101% 100% 101 % 100% 101 101 Va 101% 9% 9% 8'/2 . 13 y4 10 12% 9 43 . 101% 11 9 91/2 4 3 Va 4 3 4% 4% 7% 6% 4% 6VB 98 97 V2 98 4% 98 5% 98% 97% 98Vi 97% 98% 97i/4 60% 97% 63 61 63 95% 62 96% 67 65 68 % 621/2 66% 661/e 67% 2%s 1977 97 1963 105 1937 ref g 5s 35 36 105% 32 y4 106%. 33 106 32 107% 106 33 106% 35 106 % 40 1966 Norfolk & Southern Ry— 5s conv inc 2014 Norfolk & Western Ry 1st cons 4sll996 North Central gen & ref 5s ser A.1974 General & ref 4y2s series A 1974 Northern Pacific Ry prior lien 4s_1997 registered 17 Jan 2047 registered 2047 Refunding & impvt 4%s ser A—2047 Refunding & impvt 5s series C__2047 Refunding & impvt 5s series D__2047 Collateral trust 4%s_. States 1975 74 93% 2%s 1st mortgage 2%s (Wis) 1st mortgage 2%s ; 95'/4 94% 74 96% 10% 106% 12 9% 107% 107% 11% 108 1061/2 107 105 13% 15% 16% 29 28 281/2 77 77 73% 76 75 75 76 46 95% 96% 96% 97% 97% 104% 103% 104% 104 % 11% ' '11% 46 V8 102% 12'/4 12% 98 96 98% 22% 67% 19% 18% 107% 109 107% 109 108 V8 53% 60 57% 69 66% 25 109y4 103% 24% 105 103'A 13% 56 53'/a 128% 127 V'2 56% 128 127% 128% 128 129.: 110 110 116 77 23 19 96% 20 77% 95% 127% 128% 99 109% 102 100% 101% 101 103% 103 105% 100 60 67'A V'2 63% 97% 97'A 98 61% 66% 61% 66 64% 67 Va 60 V2 60% 62% 62 % 63 64 88 91% 87'A 90% 87% 9iy2 91 93 97% 92 95 92% 96% 97 y4 93% 99 »/2 92% 97 101 y4 99 % 95 100% 93 99% 95% 101% 'A 96 94% 100 100% 101'A 102% 1974 97 Va 1975 95 % 96% 96% 98 97% 98% 104 107% 64'A 91 68 65 93% 97% 100 97 100 101 % 98% 104 % 95% 97% 96 '/a 97% 10% 4% 95% 97% 97 Va 67 99'/a 68 67 69 60% 67 60 62 6 4 Va 5 105% 106% 105% 106~~ 105% 106 %, 106 106% 41% 39% 42% 44% 44 y2 42 42% 18 21 20 20% 20 23'A 20 76 Va 77 y2 94 77% 78 93% 95% 95 97 102 102 104 100% 100% 101% 108 107% 107% 95% 96% 93% 104 103% 104'/2 101% 104% 101 101'A 101'/a 99% 101% 97 108% 107% 108 107% 107% 107% 107% 107 77% 80% 77% 80 77 Va 80% 80% 85% 82 127% 128 V2 127% 127% 127 Va 127% 127% 108 106 107 106 106 105 105 102 105 102% 104% 102% 103% 100 65 99% 21% 100 61 102 105 107 65 67% 127% 108VV 85 104 105% 103 64% 65% 61% 127% 127% 107 79% 92 Va 127% 127% 85" 115 64 luuVa 63% 60% 63%, - 110 100 104 62% 127% 102% 60 65 Va 62 V2 63% 61 63% 61 62 91 60 93 88 60 91 60% 60 89 Va 87% 89% 87% 88 V2 86% 88% 84 62% 60 88 97 100 97 100 103 104% 98% 98% 99 97% 98% 97% 95 % 96 98% 98 • 95% 95 96% 96% 96 Va 97 96 V* 95% 97% 102% 104% 95% 96% 101 103 % 95 97% 92 95 Va 92 95% 91 101% 101 1021/4 101 95 Va 96% 97% 95 96% 87 Va 94 98 95% 95 % 60% Va 92% 97% 103 % 98 104% 99 95% 96 103% 91 127% 110 63% 95% 96% 9 6% 96 V'2 107% 103 66 13% 5% 95% 26 101 96 y2 65 9% 5% 115 109% 66 V4 4G% 102% 9 6'/4 103% 104 116 . 64% 42% 102% 41/2 108 49 127 70% 47 103 96 >/a 100'A 104% 64% 41% 103 41% 106% 76% 95% 71% 49% 103 • 47 78% 9% 103 38 103 Va —1977 _ 521% 38 13% Power— 1st mtge 106% 47 40 12% 1997 gold 3s 103% 52% 30 15 66% 97 106% 40 1937 1940 105% 5 68% 52% 10% 95% 3 73 46 102% 4% 4 %s_, General lien 67 51% 102% 65 Niagara Falls Power 3%s (Minn) 80% 11% 64% 96 y4 N Y Westch & Bost 1st 4'As ser 1-1946 Northern 77% 12 64% 3% 1st gold 5s 1943 Telephone 23/4S series D 1982 Refunding mortgage 3'As ser E__1978 Refunding mortgage 3s ser F __1981 3s 79 10 60% 62 Y 4s 68 12 66% 10 Terminal N 69'A 10 61 % 95 y2 4s__1993 gold 5s General 35% 98 y2 65% 2%s_1975 g Corp 3%s Susq. & West 1st 2nd y4 70% 1955 N Y Power & Light 1st mtge N Y St Putnam 1st cons gtd State 32 gold 4s___1992 ~ N Y 66 A ref N Y Ont & Y 72 mtge inc 4%s A 1st & Gen N x69y2 96% 93% 102 % 96% 96% 96% 95 Va 97V2 97 99% O Ogden & Lake Cham 1st guar g 4s_1948 Ohio Edison 107A 12% 3s 1974 98% 100% 2%s 1975 93% Co 1st mortgage Oklahoma Gas & Elec 2%s —1975 Oregon-Wash RR & Nav 3s Pacific Gas 3s series 1st & . & series 3s El 3%s ser I ser ref 1st & ref mtg 2%s ref mtge 2%s 107%- Penn-Central 108 103 % 95% 104% 12 100% 96 96 103% 13'A 100 97% 95 96 96% 97% 95 104% 104% 105 16% 101 96% % 103% 9t 104% 11% 100 94Va 94% 103% 12% 12 "8 15 101 % 12% 99 Va 100% 98% 100% 98% 99% 95V4 99 V4 100% 94% 96% 94% 95% 93% 94 Va 94 Va 96 'A 95 V: 1041/8 94% 103% 14- 96 104% 106 93 Va 103% 95 104'A 107% 108 Va 106 10& 106 106 104- 102% 103% 102 Va 103% 101% 103 100% 103% 102% 103 % 101% 100% 102% 101 Va 104'/a 100 Va 101% 103 101% 99% 101 100 102 100 100% 100% 1974 100'A 101% 99% 100 Va 101 102 98 Va 101% 100% 102 _1979 100% 100% 101 98% 100'A 99 101% 100% 102 V'a 1977 1981 Q—1980 1982 R ser 1985 101 % 99% 101V4 99% 101 94%, 96% 98% 97 : __ 91% 94Va 95y2 96% 101% 102 y4 1933 1955 series & 1960 101% 101% 101% 102 % 101% 103 101% 103% 101% 100% 101 Va 101% 102% 3 01% 102% 101% 103 99% 102 100% 99 Va 100% 100% 101% 101 % 101% 99% 101% 100% 102% 102% 98% 100% 102% 103 99 3 4 102 V8 99% 100% 95% 96 Va 99% 100% 99 96% 96 Va 98 96% 96% 94 96% 94 Va 94% 94 997/a 93% 94 V'a 99 98% 99 97 V'2 97 7 a 97% 98 95% 97% 95% 95 98% 97% 98% 98% 98 99% 99 91% 94% 101 93% 92% 93% 95% 95:% 96 Va 102% 100% 101% 93% 94% 93% 95% 94% 96% 96% 97% 94 100% 97% IC2V2 95 101% 102% 104%' 100 102% 100 101 % 100 105 V4 106'/a 102% 105 102% 103% 102% 103% 102 % 102 % 102% 1965 series A 43 40 44% 41% 49 106% 105% 106 41 1965 _1981 debenture -1984 . 3'As Peoples Gas Light & Coke 46% 42 47% 4s 92 Va 92% 95 97% 100 104 104 93 ' 95% 101VB 103% 42 Va 46 % 101 101 98% D____ ref 98% 100'A 100 101% 100% 98 99 98% 100 Va 100 100'A 99% 100 & 100 3"2 100 i!! 100 % 100% 101% 100% 100% 100 372 100 3*2 112 ll3ya 112% 113% 112% 114 114 99% 105 95 95'A 42% 104 103% 90 92 % 93 Va no l/0 91 93 Va 93 % 95% 99% 98 5b 100'A 101% 102% Va 93% 99 101% 103 104% 101 lOOisZ 10032 100 3'i 100 si 47 104 42 46 102% 103% 40 % 45 Vb 39 % 103% 104 % 103% 49 103% 43 49 103% 103% 48 58 103% 104 102% 102% 103 V'a 101 99% 101 99 100% 97% 99% 97% 98% 98 99 100 % 97% 99 Va 98% 100'/a 98% 97 Vb 100 Va 98 98% 98% 99 ya 99 9 9'A 99% 99% 100 V4 99% 101 V'a 99 31 99 3i 115% 115% 100 A 100 115% 115 117 116 117 115 115% 112% 114% 113 114 113% 115'A 112% 107% A 111 104 106 Va 105 Va 106 3/4 103% 106 y2 102% 104% 103 105% 102 % 103% 110'A 100% 111% 110 111% 107% 110 107% 109 106 V8 108% 105 V2 107% 99% 98 % 100% 96 Va 103% 100% 101% 100% 102 101% 105% 104% 107% 105 110% 104% 106% 106 107 106% 111 108Va lllVa 110 102% 101% 102% 103 % 101 102% 100 997/,, 94 99 V2 94 97 y4 98 V2 98% 84 81 1960 1980 59'A 18% 106 v 99 96% 95 96 95 100 82 96 78 Va 100% 100 Va 96 98% 95% 95% 100 Va 100 99% 100% 100 81 81 84 Va 61'A 23 106 100% 60 19% 103 98% 84 102 Va 98 Va 100% 102 V2 97% 97 99 % 97 Va 100% 99% 99% 98 99% 99'A 99% 98% 99% 99% 100% '82 Va 101% 99 101 101% 99 101 97 100% 99% 87i/2 87% 88% 87 % 89% 87 87 Va 86% 87 83 85'A 84 96% 99 98% 100 100 V4 83 84 Va 99% 61% 60 Vs 61% 62 103% 106 7 b 63% 66 68 20 65 % 66 65 21 67 14% 64 Va 66 64 22 66% 23 63 Va 65 16% 59V4 63 Va 25% 58% 62 20% 22% 103 18% 20% 17 19 103 103 17 19 103 Va 106 17% 18 14% 17% 13% 15% 100% 101% 104'A 93 96 100% 99% 100% 104%' 104% 101'/a 103% 115 1974 104 99% 103% 98 118 115 104 99% 103% 98 104 99% 104% 104 Vb 104 Va 104% 104 % 98 Va 99% 97'A 98% 96% 98 1977 105 105 103% 115% 114 105 106 106 115 % 114% 107 113% 114% 112% 112% 112% 115 109% 1961 108% 110 107% 106 108% 109 105% 108% 109 110 110 106% 106 107% 109% 109% 109% 109 Va 109% 106% 110 107% 107% 107 106 108 98y4 108 y4 109% 2%s__1971 98 98% 104 Va 106 98% 104% 106% 105% 106 Vb 106% 104 % 99% 104'A 105% 104% 100% 99% 100% QQ mtge mortgage 2%s 1st & refunding 2%s 1st & refunding 2%s_ _1967 98% _1974 97V2 ref 1st & refunding 2%s Philippine Ry 1st 30-yr s f 99 page 21, 98 98% 113% 114% 98% 98 98% 97% 98 Vb 98% 100 98% 99% 98 Va 99% 98% 100% 99% 100 Va 97% 98% 97 97% 97 Vb 98% 100 100 % 99% 100% 100 101 % 100% 101 y2 100% 102 99% 100% 98% 97% 98% 99 99% 98% 99 V4 98% 100 98% 98% 97% 98% 101 % 99% 100% 98% 99% 97 97% 97% 98% 97% 98% 98% 99 V'a 87% 99% 97 97 Va 10% 10% 11% •11% 13% 12% 12% 11 12% 12 13% 10% 12 9% 9% 9% .11% 10% ll'A 10% 11 11 11 10% 10 V'a 100% 101% 100 Va 101 Va 101 97 97 10% 12% 10 100% 10 101 10% 8% 9 100% 101 101% 101% 101 Va 102 101 101% 100% 100 101% 105% 98 99% 13 11% 99% 98 98 101 98% 100 12'A- liy2 100% 99 Va 97 100% 115 97% 1937 —1964 99% 1981 4s deposit- see 100 98%. 1978 Phillips Petroleum 2%s For footnotes 95 \ B General gold 4%s series C—. of 102 92% 100% 99 Va 103% 113 100 80 1st 5%s_1974 Philadelphia Co 4y4s 1st 98% 100% Phila Bait & Washseries 91 Va 94% 97 V'a 97% 103% 104% 101%: 104% 99 1952 1990 — Peoria & Pekin Union Ry Pere Marquette Ry 3%s 92 94% 102% 102% 94 1963 extended 4s 102% Co— debentures! Eastern 99 1985 3y8s series F convertible 94% 101 y4 99% 99 104 101% 103% 100% 1968 E 9« 98% 102% 106 103JA 100 ii bonds B series 93 93% , 35% i960 dollar General 4'As series D 4y4s 96% 98% 104 102'% 1948 4y2s 5s 105 y2 96% 99% 100 101% % 94 98 93 Va 102% 1975 4s General % 100% II II 106 100% 96% 95% 97 99% Light— >_ gold 106 — 1952 3%s 105 99% 100 102% , E 106 101 __ 1987 I960 stamped Certificates 106 96 104 % L , 4%s series & 95 % 103 % 108% 1st s f 4y2s_ General 1st 95 Va 104% 102 —1986 3s Consolidated Electric 94 34 -103% 14 102 .—1978 Power Consolidated Phila 14 108 sinking fund debs Pennsylvania RR— 5s 19 102 debs 4s 1st mortgage General 15% 102% 3s Convertible 16 101% 96% 101% Co.— Guaranteed Sterling 14% 99% 98 'A 101% — Pennsylvania Glass Sand Pennsylvania 16% 102 101% Airlines— inc Pennsylvania 107% 105 95 97 101% Passaic Gas & Elec 5s_1949 conv 103 % 95 % % 100% — Paducah & Illinois <fc 104% 9434 12 102 95 M 3Vas debentures Income 95 10 Va 100% 100 Va ser debentures 3s 107 Va 95% 101% debentures—: 3'As Peoria 107% 107% 103'A 11 100 % 94 Va 102 3%s debentures Gen mtge 104 y2 10 99% 95 loo'/a P ser 2%s refunding M 3'As Pacific Tel & Tel 2%s General 103 'A 93 % 12 101 100 mtge 3s series N 1st & 3%s 94 94 11 99 % 94 1970 1st & Paterson & y2 1971 K refunding 3s series & 1966 J 1st & ref mtge 3s series 1st A-1960 94 99% 97% 100 98% 96% 9% 98 10 V'a 98 9Va 100 98 101 99% 101 98 10 9 Va 100% 98 9% 100 % 101 % 101 V8 99 9% 14 9% 13% 99 102 % 22 1948 January BONDS Pitts 1st 2%s mtge Pitts Cinn Lake & Bessemer Law series Erie February High Low High - BOND RECORD NEW YORK May April High March Low Low Low High A __1996 94'/a 941/a 101% 101'/a 95%" 95% 95% 104 y2 95% 95% 105 y2 ■ 95% gtd Cons guaranteed 4s series F____1953 gtd gold 4s series G 1957 Cons gtd 3'/2s gold series 1949 E gold 4s series H 1960 Cons gtd gold 41/2S series I 1963 Cons gtd gold 4'/2S series J 1964 Pittsbg Cinn Chic & St Louis RR— General mortgage 5s series A 1970 General mortgage 5s series B 1975 General Mtge 3%s series "E" 1975 Pgh Coke & Chem 3'/2s 1964 Pittsburgh Consol Coal 3y2s debs__1965 Pittsburgh Steel 4y2s 1950 series 1950 B__ 4'/4s 102 • 102 102 102 102 II 103 1st mortgage 1st general 5s series 4'/2s series C_. Pitts Youngs & Ash 1st gen 4s 1960 Electric 109 mortgage 3s_ Securities Public Service deb 105% 108 1103% 104% 108 103% 97 102 — — 102 104% 106% 106% — __ 106 106 105% 106 105% 106 113 113% 113% 113% 113% 110 110 105% 105 Va 113 113 111 I II 113 < & U2% 111 111 106% 107 108% 108: V. 104 109% 108 y2 106% 108 110% 105% 109 109% 107 105% 109 106 103 105% 107 105 IO91/2 110'/a 107% 109 y4 89 j 107 88% .106 >/2 107% 107% 89'A 104 109'A 109% 105% 105% 110 107 104 3/4 109 105% 103 107 104% 85 86% 87% 86% 103% 102 3/4 86 85 % 101% 103 -- — 86% 103 103 103% 103 103% 103'/4 101% 101% 101% 101% 102 101% 102% 101% 101% 101 101% 101% : 102% 103% 103 103% lOl'A lOl'A . 89 88 y8 87% 88% 97% 881/2 101% 87 102% 102% 89 v • ■ ■'<' 100%, 101 102 100 101 100'/a 101% 100 Va 101% 100'/a 101 Va 101 103% 103% 100% 102 103 1027/e 100% 101% 100% 101 101 102 100% 100 103% 89 88 84% 85'/a 79% 80 84 86% 88 84 87 81% 82% 82% 88% 88 88% 87% 86 88 841/4 81 89'% 87% 89 87% 79% 82% 117 117 116 117 117 100% 100 100% 100 100 y8 100 105 105% 1051/4 1051/4 105% 105 % 105% 99% 101 105% 105% 117 100 % 101% 106 '/a 105 7/a 106% 100% 100% 105% 105% 105% 105% 106 y8 105% 92% 89% 92% 103 100% 100% 106 101 92 93 91 106 105 89 « 100% 100% 100% 90 y2 « 117 100% 90% 92% 100% 87% 93 91% 89 90 87 y4 91% 93 89 . 100 100 116 100 ' 90 93 88 89 88 y4 88 87% 89 y4 89% 87 69% 89% 87% 89% 87y4 89% 89% ,» 92'/a 108 90 871/4 ' 99 99% 99 1 90 90 107 107 1 10 n ~8% " — 106% OO 9% 13 11 18% 19 105% 105% 105% 105% 1972 103 103 103% 103% 104% 104 y2 5s 2037 145 145 142'/4 143 142 142 y2 210 2037 1964 98% 99'/4 99 Vi 1995 I960 _1973 83% 85 98% 26% 26 25% 107% 107% 99 106 100 '/2 105 100% • 105% 101% 100 j — 99 98% 98% 99 % 100 103% 106 106% 103 y2 103% 102% 102% 103% 104" 143 y8 143% 144 144 144 144 215 85 85 85% 106% 106% 102 / 143% 215 102%-103 143% 143% 215 215 216 Va 216 Vi 99% 100 99% 100 y4 87% 102% - 91 102% 88 89 102% 102% — 99% 100 107 143'/a 105% 210 210 215 107% 107% 103% 108 106 101% 107% 105 y4 215 106 215 215 100% 99% • 99% 100 100% 91% 215 93% , 106 —— 107 3s Quaker Oats 2%s debentures v2 1 mortgage 8s 93- 101% mortgage mortgage 87% 99 % 85 % 101% 101% 87% 88% » — 100% 100% 89% 103 103 — 89 87 84 '> 88% 101 101 «... 101% 1968 Gas 3y4s 113% 113% 111 112% 110% 103'A 84% —1983 1957 ___1956 4s 1st 4s__. Elec refunding refunding refunding & 105% 97 1977 Providence Terminal 1st 102 105% 96% High Low 111 1966 3y4s Power 1st Providence & 102 ; " 99 High 110% -- 1962 mortgage 3y4s & High 110% 109 1964 1st 1st 95 — A_1948 B 5%s__ Co 1st 99 95 96 95 96%; , 11 l-» O ^ J? ■' : — 1958 Pittsburgh & West Va 1st 4y2s—.1958 1st mortgage 4M2S series B 1959 Potomac Low 95 Low Low Chic & St Louis Ry— Cons Pittston 961/4 97 96% December November October September High August High Low RR— Cons 4y«s 1948 > High Low High Low - July June. >,... High Thursday, January 20, 1949 CHRONICLE FINANCIAL & COMMERCIAL THE (370) 99% 99 99%, 89% 99 y4 85 87 99% 100 V* R Reading Co 3y8s ser D Revere Copper & Brass 3y4s Reynolds Rochester (R J) Tobacco 3s Gas & El 4%s ser 84% 102% 87 86% 92% 101 102 102 V* 104% 106 106 8% 85% __ 1977 D 107 V* 3%s series R—1967 series I--1967 mortgage 3y4s series J__}969 mortgage 3'/2s General Rock Island Ark 1st 4y2s & La 1934 Saguenay fit 4y2s RR 2d gold 1st 4'/2 s mtge 1997 2022 B ser Southwestern RR 1st St Louis 105 67% ' 8% 9% 7% 8% 7% 8 9% 7% 97% 97% 8% 7% 9 9% 98 / 10 4s__ 1989 97% 97% 70 71 73% 99% 99% 75% 80 84 83% 52% 84% 557/a 82% 51% 55% 53% 57% x52% 98% 102 % 102 102% 102% 104 Va 103 7/8 82% 82 82 82% 91 94 93 Va 99 Va 54 Depot 3y8s "B" — — 101 100%. 99% series A 2016 Seagrams (JosE) & Sons 2y2S debs-1996 63% 68% 61% Shell 4'/2 s 1971 7s Oil 87% 89% 85 1976 2y2s Oil 59% 57% 59% 57 61 'A 58% 1st Indiana Pacific 104 % 105% 105 Lines) ser 98% 94 Pac series (Calif) Oil 82% 94 30 29% 30 28% 98 y4 94% 99 93% 99% 100 94% 94 95% 337/a 100y4 94% 123% 101% 38 99% 101% 100 101 81 81% 79% 92% 95 - 2%s Co of Assn imp series 3s__ Texas New Orleans 3'/4s B Corp 81 78% 81% 100 100 100% 101% 101% 101% 94% 93% 95 93% 94% 37 90 91% 91% 92% 91% 1970 gold 5s 1st 1st 5s & Elec Tri-Continental 92% 106 92 105% 107 1141/4 94 107% 114% 93% 105 % 117/ 117 95 94!% / 107 Va 107% ^ 1961 . . .: 95% 94% 94% 97% 95% V 104% / 92 % 102% 941/4 112% 113 96'/4 98 991/4 92% 89 115 115 98V4 97i/8 98% 103% 104% 92% 90% 122% 94% 124% 100 100 y4 92% 89 121% 94 90% 122 114% 98 103% 94 114% 991/4 104% 114% 99 104% 94 94 114% 100 106 113 1081/4 109 111% 113%: 112 113% in% * v 103% 106% 102% 107 102% 103 93% 95 102% 103 97% 94 V* 105% io3»/2 96 103 y2 95i/a 89 90% 90% 95 122 1221/2 122% 124 - 95 94% 101 99% 99% 100 99% 721/4 85 78 56 »/4 61% 42% 58 44 52 45%: 64% 58 98 98 98% 99% 95 95'/a 98% 99 98% 99 4 >■ 97% 63% 99% 95% 95% — 97% —L>.. 97'/4 97% 97% 108% 109% 109% 109% 106 106% 106 '/a 106 106% 102% 102 103 102% 103 103 VB 102 y4 51 51% 97%: 100% 100% 115% 102 103 95% 93% 95% 102% 1031/2 103'% 51% 52% 101% 102% 101% 102 % 93 98'/a 93% 93'A 94% 93% 95% 96i/4 95% 96 '/j, 96% 115% 95% 115% 96% 97% i 95% 98% v 115% 95% 98% * 97% 100% 115% 102% 93'/? 52% 51 97% 96% 95% 102% 96% 100% 3/^ 94 96 96% 99 IOI1/2 lOl'A 100% 78 83% 631/4 1011% — 100% 101% — :■ 99% 103% : 94% 89% 96 98 98 • 98% 97 103% 104'% 95% 96 " 93% 126% 58% 104% 103% 105 104% 92 115% 103% 105 94% 96% 115% 97% 99% 104% 105% 96% 96 93% 91 88% 90% 127% 126 127% 124 125 122% 124 119 U9 118% 1191/4 100 y8 981/4 77% 100 " 99 99 98 100 99 127% 100 . 111 93% lOO'A 81% 96% 108 102'/4 97 Va 961/4 99% 76 99 97% 108 i/4 lll'/a 1021/4 100'/a 126 101% 96'/2 100 71% 95% 111% 96 % 110 95% 97% 110 112% 9?% lOO'A 78% 97% 100 112% III1/2 101% 99% 75 95'/2 100 110% 112%. 98 , 114 106 93% 1041/4 83 981/4 84 1081% 98 115% 79% 80% 106 98% 105% • 101 96% 54% 115% 100% : 91% 99% 109% 1011/4 99% 97 101% 951/2 ■ 92% 102% 94% 104% 126 124 101% 102% 94% 114% 101 ' 106 96% 114% 94% 89 108'/4 97% 51% 54% 93% 55 99% 99% 105 102% 92 92 101 112 115% ,95% IOO1/2 54% 101% 96 V2 105% 114% 101% . 95 % 93 101 IO91/2 .• 100 Va 97% 97 91 118% 97% 102% 102 ; . 96i/4 97% 941/8 54% 57% 102% 941/2 101% 95% 108'/4 108 Va 98 56 102% 93% 91% 110 .95% 109% 94 Va 93% 119% 93% 118 120 / 98 104 / 109 104% 100% 92 89% 79'% 103% 116% 101% 95% 93% 98%" : 93'/4 HO 97% 99% 101 991% 1013/4 94 ,106 97% 76 77 / 103% 96% 74% 93% 105 981/4 81 Vu 93 110%: 97% 78 »/2 77% 103% 98 81% 85 % 105 97% 97 80 92% 108% 97 93% 95% 77'/4 1041/4 97 92% 97 85 Va 104% 100 99% 93 92% 110% 54% 98% 92% 97 81% 104% 51 98% 94 97% 101 % 98'A 85j/4 103% 102 98% 93 96% 91% 108% 94'/2 95^ 122 r—i CM CM 79 1031% 52% 30 931% 85 109% 103% 101% 94% 82% 1031/4 461/2 92% 100 Va 94 103% 93 93% 97 99% 85% 103 y4 101'/a 100 98% 92% 103y2 51 23 81% 102% 94% 31% 82% 103% 102 31 80i/2 108% 50 95% 83 102% 92% 96 81% 106 100% 94'/a 93% 84 noy2 95. : 93% 87 102% 95 69% 94% *•94 84% 104 94 101 67 101% 108y8 96 101% 127 99% 74 «/8 94'/4 991/4 95% 127 100 %. 661/2 92% 92% - / 127'% 99% . 88 J/4 106% ioa% 101i/a ■ 101% 101% 107% 111% 100 100% 101% 87 101% P 1949 27/sS Corp r 94% 93 94% 99 92% '95% 100% 86 85 84 82 1121/8 124 • 6l% 104% 89%" 102 102 __ Trenton Gas 95% 84% 107% 92% 93% 96'/2 I 100% 921/4 94 102% 101% 98 96% 941/4 101% 104 101 97 83 93 92 94% 92% 104 82% 113% 100 80 79 91% 35 100 78% 79 112 100 93% 97% 76% 114 93 99 V2 97 78 91% 31% 99Va 42 35 81 76% 112% 100% 92% 80% 78% 94% •99% 94% 97 88 y4 116% 100% 94% 100% , 86% 100% 100% 95%" 100 % 94% , 98 105 84% 58 103% 1 94% • •' 98'A 89 91% I 127% 80% 86 104 99% 100 801/4 87 112% 86% HOO 98 Va 102 102% 93% 101% 87 . 99'/8 83 94 105 ' •86 101% 84% 82% 115 102'/2 • 86% 99 81 98% 105 99% 101% 100 y4 > 86% 83 83 83 83 97% 100 91 98 80 Va C_ Pacific 107; t 101% 80% 1990 2000 Gen & ref mtge 3%s series E___1985 Tex Pac-Mo Pac Ter 3%s 1974 Third Avenue 1st refunding 4s 1960 Adjust income 5s 1960 Toledo & Ohio Central 3%s 1960 series 90 - 100 2019 —1985 1965 104% 91% 95 C 61% 99% 96% Louis— series 56% 951/4 1973 St 4s 62% 102%. 91% D 60% 93% 95% -1972 63% 99% 89% 100 59% v 102% 89% 52 61 -96% 86% 94% 57% 94% 89 debentures 1 101% 84% 101 81% 96% 89% 50% 84% 101% OO 95% 86 92% 81% 94% 96 94 y4 95% 100% 86 98 98 84 98'/a 74% 42 101% 98 " 93% 2013 98% 87% 122% 941/4 97% 93 y4 98% 84 • 10Q 71 56% 101 40 29 100% 105 100 86% 123% 101 95% 91% 27/bs debentures & 94% 97% 101 85 > 72% 96% 93 97% 1966 Swift 98 x. 95% 9i y4 1966 96 % 86 101% 93% 89 2%s debentures 97 85 99% 96% 1975 Sunray Oil 96% 85 70% 95 96% 1971 98% .85 72% 96% 94 93% 4y2S 97% 72% 96% 91% 2%s 98% 127 97 87% 2%s (N J) 97'A 73. 102% 95% -1983 International Standard Standard Oil 98%, 73 70 Va 701/4 96% 3V8s debentures 11 101% 72 96 1985 9% 102% 95% 92% Southwestern Bell Tel 2%s 15 101% 1102. 101 70 95% 1994 1956 Development & general 6s "A"_1956 Devel & general 6%s series A—1956 Memphis Div 1st gold 5s ^._1996 St Louis Div 1st gold 4s 1951 9% 127 94% 95% 1st consolidated 5s general 4s series A 15% 100 94% 124 1961 & 11% 104% 104 83 ~ 71% 95% Southern Ry 11% 127 67% 96 G 3,%s 101% 93% %s series E 9% 104% 127 94% 94% 91% 100% 102% 127 71% 92% 97% 101% 102% 102% 94% 95% series Texas 102% 102 90 '/a A 10 11% 102% Co— RR 8% 96 102% 94% 93% 2%,s Texas 99-: 103 x64% 94 77% & V 101 % 67 92% __4981 10% i 94 94 y4 81% 9% 10% v 93% 100% 1986 2%s 93 62 92% 1996 Ref 109 92/ 92 66 98% F Term 100 101 92% series mtge & 100% 91% 2%s Spokane 90 107 '/4 108/ Terminal 3%s mtge Devel 92% 100% 100% 80 1st 89% 102% 99 A__1977 1 Francisco 1st 124 93% 105% Co— (Oregon 4Vis Southern 99% 1969 4%s San 102 98% Ry 1st m 2%s__1994 Gold 4%s Gold 102% 1987 debentures South 101 1985 debentures Southern 101 1979 debentures 13 65'A Bell Tel & Tel— Southern 2%s 91% 1963 South & North Alabama gtd 5s 2%s 97% 11% 88% 87% 96 29 92% 1965 2%s Socony-Vacuum 3s 93% 1941 American Silesian Skelly 2%s Oil Union 92% 10% 85 102% 98% mtge 8% 80 80 89% 1989 m 9% ; — 4s A—1996 1st 104 y2 9% v 87 127 1971 78 105 104% 104% 100% 75 • 80 79% 81 78 v£;: 88% 85 Va 95 Gen —i- 105 108. 108 105% 11% 09 —— 103% 108 Va 100 49% Scioto V & N E 1st gtd 4s 103% 108 10%" 9 88 85 102 104% : 105% 99'/a 80 81 ' 10% 11% 10 v* 99 70 80% Seaboard Air Line RR 12% 97% 89% & St Paul Union 9% 79 Va 4s inc bond ctfs—Nov 1989 refunding 5s ser A—1990 General 11 96% St Paul & Kan City Sh L 1st 4%s.l941 2nd gold 8% 96% 75% 99% 108 104% Ry— 4s ser A.., mtge 104% 104% 79 % Vt 108 106 87 102 107% 1996 & P 1st 5s stpd__1955 Francisco Louis-San 2nd 7% ser 6s fit L Rocky Mtn St 8»/4 A 1971 1st gold 5s—1996 3s Power 63% 1941 stamped Lawrence & Adir 104 1949 Rutland-Canadian 4s stamped Rutland 107% 107% 105% General mortgage General 92% 90 102 % 104% 102% 100 101 100% 101% 101 ' 102 99 101 97% 99% 101% 101% 101% 101 % 102 100% 100'/2 88% 95 i : 91% , 101% 67* 74% 82% 76; 8O1/4 72 77% r 61% . 56 491/2 56% 42' 53% ,..37%" ' 45i/4 100 100 101 % 101% 101 101 97% 97% 96 100% .101 98% 89% 101 67 40'% 100 3/ 100% - 96% 99 90% 102 »/4 74 ,48% 100% 66% 41% 101% 71% 46 101*% 100% 99 98% 98% 99 100 / U Missouri 3%s_ ._1971 107 & coll trust 2%s— ._1975 96 Union Electric of lst mtge Union Oil (Cal) -1967 3s debs 2%s debentures Pacific RR— ——. r« series 108 96% 96% 103% 102% 103% 98% 981/4 991/4 107% 98 108% 98 Vb C 101 98'/a 102% 98% 98% 23. ,109% 100 : 107% 97 * 1Q8 106%, 1071/4 106% 103% 99% 102% 99% 103% 103 103% 101 100 100% 100% 101% 1021/4 931/4 91% '102% 99 103% 96% 98% 971/4 99% 99% .1991 87% 911/4 891/4 91 89% 100 Va 93 ' 100 91% 94 101% 92 96- I - 96 % 96% 96% 97% 101 101V* 10L 1011% 102% 103 '/a 102 102% 102% 102% 100 .99,; 101 89% 106%. 971/2 101 101% 102 'A 105%. 107 97% 97% 101% 1031/4 1Q1 96% 98% 98 99 96% 101% 103% 98i/4 "' 991%. 99% 1021/4 98% 100% 98 98% 98 98% 90% 88% 90. 87% 89% , ' 102% 93% 105% 1071/4 f ' 98% 101 99% : .1976 —— For footnotes see page -1970 108 }01 ' 2%s debentures 2%s 107 96% ..1968 3s debentures Union 108 ; 88]/4/ 91/ 106% 108% ; 971/4 99% ! lOO'A 101% 103 1041/4 88 99% 100% 99% 99% 101 90 89% 92 . 5 Volume Number 4770 169 THE 1948 January BONDS S Rubber 2%s 2%s BOND Aprii May CHRONICLE RECORD June (371) 23 1948 - July August October September November High Low Low High Low High High Low Iljgh Low 98% 96 97 96% 97 97% 98 Va 98 99 98 Vi 98% 97 Vi 98 91 Vi 92 91 91% 91% 92% 93 93 % 96% 97'/8 93 96% 96% 96% 97% 97% 99 94% 95 99 92% 94% 92% 92% 90% 91% 91% 94% 93 93 % 94% 94% 93% 93% 94 81 90 94% 79 81 80 82 75 82 1976 92 % 97 Vi 96 97 High 97 Vi 1959 3%s 91 1967 —;— Pictures YORK March February FINANCIAL 97 1966 debentures Universal NEW - & Low United Biscilit 2%s U COMMERCIAL 95% 93 95 % 95 % 93 Vi 92% 90 Low 94% 94 High Low Low High 96 93 96 95 95 93% 95 95 % 93% 96 93 94 89 91 Low High High Low December High Low High 101 V Vandalia RR cons Consolidated 4s g 1955 series B 4s 105 ,__1957 105 - L'm. 105 105 105% 105% —— «*» " ■■ — 105% — ■ 105% ' \ 105 — 1st ref & — mtge 2%s series E 94 Va 1975 96% 96 1st & refunding 3s series F ;_>_1973 3Vas convertible debentures-^—.:1963 consolidated 5s /' 97% 98% 99% 97% 97% 97% 103 *; 103 103 99% 95% 96% 102% 102% 102 102 Va 101% t . ' . — 109 % 108% 111 ~ 110% 110 112% 109 % 111'/a 100 100 100 100 109 109 106 107 ' 100 100 _ _ 100 104% —— 105 100 3*2 32 100 107 107 101 % 1st lien & refunding M 3%s 100 10? 100 101 1958 98% 99 98% 98% 97% 97% 94% 98% 1995 Virginian Ry 3s series B 96% 98% 96% 99% 97% 99% 98 Va 99% 98% 99% ~ — — — 109 — 99 __ — — 96% — 96% 96% 109% 111% 107% 109% 99% 99% 99% 99% 104 % 97 — 105% 105% 96% 97% 97% 98% • 105 106% 108 99% 106% 108 99% 101 99% 105 101% 104'/a 98% 99% 95 99% 94% 96 94% 97 97% 95% 97 99 95% 96 93% 94 97% 92'/a 94% 92% 93% 93% — — — 100% 99% _1973 97 ' 100 — 101% 108% 103 107% ' ■ 99% — 97% " 1 Virginia Iron Coal & Coke 1st g 5s_1949 Virginia & Southwest 1st gtd 5s—2003 1st 98 105% — Virginia Elec & Power— — — — __ — — — — 103 — 103 103 103% 98 Va 95% 101% — 102 W Wabash 4s RR— series 4Vis 1st 1981 777/a 79% 74 75 75% 76% 3Vis series B (Hiram) G & W— 80% 75% 78% 75% 76% 75% 76 78 85 82 1971 . 81 1991 B mtge Walker ' : , A series 90% 93 91% 94 93% 94% 95 97 96% 77% 83% 81 82% 82 80% 84% 80 Vi 80 Va 80% 80% 83 80% 81 78% .80 79% 81% 80% 81 80% 99 81% 80% 82 81% 98 98 78 80 96 75 97 79 96% 97% 95% 97% 95% 97% 96 98% 97 98 97% 97% 97 100 80% 99% 80% . * 23/is debentures—-^ Warren RR 1st & deb 94% 96 96 96% 96% 97% 97% 98% 98% 99 98% 99% 98% 1976 Walworth Co 3Vis Ward Baking Co 5%s _1966 89% 90% 87 87 98% 85 88 97% 99 88 Va 92 93 97% 96 98 % 97% 98% 95 96 90% 106% 91% 106 90% 107% 90% 103 (sub)—1970 3Vis ; 105 52 50% -- — 54 100 105% 50 105 % 2000 1970 ref gtd 101 105 105% 105 52% 47% 52 105% 105% 55 54% 55% 52% 56 99% 99% 105% 54 series A ■■— — — . V . Westchester Ltg 5s stamped gtd—1950 ' General West mortgage 3%s Penh Power 3%s West Maryland West Pacific RR 1st series gold 109 108 109 108 109 108% 108% 108% 108% 108 108 107% 105% 1966 I 4s 106% 106 Va 106% 107 106% 107 106% 107% 107 107% 106% 107% 108% 30-year 107 % 99% 97% 97 99% 108% 101% 107% 107% 107% 107% 107% 107 108 107 100% 107% 107 108 Va 107 100% 101% 100 % 107% 101% 100 107% 101 'A 100 102% 103% 102 % 100% 98% 102% 102 % 100% 98% 99% 100 99% 101% 101% 99% 102 i/a 102% 101 101 % 99% 101 98 100 97 95% 98 97% 100% 102 101 101% 101% 102 101% 102 101% 101% 101 101% 97% 97% 93 90% 95 94 85% 87% 86% 101'/a 100% 98% 98% . 107% 90% 108% 86% 101 92 100 % 98% 107% 4s Steel 1st mtge 3Vis & Co 3s Winston-Salem cons g Certificates Certificates C 1st 1st of Publ;3 D 94% 92% 94% 91% 94 100% 101'/a 100% 101 97% 98% Lt Deferred 94% 97% 91 101 97 94% 100% 88% 92% 83% 89% 100% 100% 100 Va 100% 101% 100 101% 97% 98 98 Va 97% 96% 97 96% 100% 97 97 83% 85 Va 100% 101 100% 62 61% 65 Va 101 Vi 102 64% 69% 68 69% 66% 100% 69 102% 65% 69 61 60% 62 67% 66 67'/a 68% 62% 64% 68 66% 63% 65% 64% 66% 63% 59% 651/2 64 64% 65% 63% 59% 65% 64 65 Va 58% 64% 57% 60 Va 101SJ 101 ii 10112 1011a 94% 94% 103 % 103 103% 93% 93% 96 % 94% 9 5'/a 103 101% 102% 102% 111'A 111% 95 94% 1958 103 103 103% 103 103 102% 103 94% 94 96 103 Va 102% 94% 95% 95% 96 96% 94% 96% 102% 103 103% 96% 96% 99% 99 Vi 99% 100 101% gold 4s_1949 gen 71* 73 19% 26% __ 69% 75% X64* 1936 L-V 7 73% 100% 98% 102% 2%s 1976 93 3Vis 1971 104 94% 94% 94 Va 104 95% 103 Va 103 36% 103 103 65% 72% 70% 75% 71 36 96 98% 97 98 43 35% 40% 98 98% 97 Va 94% 98% 96% 95% 104% 67% 71% 71 70 43 38 41% 102 96% 96% 94 104% 1041/2 104 96 94% 99% 95% 97 % 94% 102% 101% 102% 113% 100% 62 94% 94% 101% 102% 70 38% 1041% 96% 96 102 113% 74 102% 97% 95 95 , 102% 104 112% 112% ■ 67 Va 68% 67% 73% 72% 77 77% 73 76 72 75% 73 75 37% 40 74 37 41 74 37% 44% 38 45% 38% 47 40% 40% 43 43% 43% 93% 95 40 — 99 ; ' 96 103 % 102 101% 70% :*■' __ 102 97 100 1031/4 101% 112Vi 72% 31 32% 30 74% 72% ■ 24% 30 • 64 101% ' 102% 103% __ . 99 1121/4 103 ' Power & 103 1960 Service 94% Vi 93 % 94% 93% 93% 93% 103 % 105 104% 103 Va 104 Va 103% 93% 72 ; 93% 94 93% 94% 103% 104 Va mmJf 92% 104'/a 92% 94 ' Power— 1976 delivery (Continued from t Odd sale, 92% 2) About 300,000 units were sold year, compared with 750,000 than 2,500,000 direct r 93% Cash sale, x Sold 94 93 93 93 which consisted of ton. In Cotton last units New York Cotton Consumption Exchange Service Bureau lays slight recession to Sees ECA maintain- switch from heavier to lighter weight fabrics. . ing export volume, but looks for lower domestic consumption in v 1949. Reports wide fluctuations in price of staple during year, from high of 40.18 cents for basis middling grade. 1948 loan cot¬ cotton A year Dee. Following decline months the domestic market year-end review of the domestic cotton situation, the New Exchange Service Bureau points out that both consump¬ tion of all cottons by mills of this country and exports of the staple ment today have definitely taken by domestic shippers were in somewhat smaller volume during the year which has just ended than in<& on the new look. Single point 1947. Consumption for the past time, the payment rate under the ignition, eliminating alLbut one calendar year is estimated by the program is only 1/500 per pound, master pilot light, automatic Service Bureau at 9,093,000 bales, or 100 per bale. When the pro¬ safety keys and switches on as compared with a use of 9,547,gram was first started, in Novem¬ ranges have received acclaim as 000 in 1947, while export shipments ber of 1944, the rate had been 4.000 added safety and efficiency meas¬ are estimated at 2,530,000 bales as per pound, or $20 per bale. ures. Radiant heating, incorpo¬ against 2,657,000, respectively. The 1948 crop taled a York Cotton stock 94 of turned reached in cotton April. declined funds for prices in port outlook. After reaching its peak in April, the price trend turned sharply downward on pros¬ pects of a relatively substantial increase in acreage planted to the staple, disturbed political condi¬ tions abroad, and increasing ports of subsequently mill sharply their aid of rather pronounced the first two a during 1948, low of 30.85 cents to com¬ mercial the 31, 1947, out of a total stock of 9,639,000 bales, only 208,000 were in government hands, there¬ by leaving a stock of "free" cotton of 9,431,000. In a : certain European countries, to approval of the Tax stood at 8,792,000 Reduction Bill, and to expecta¬ previous, or as of tions of an improvement in the ex¬ Consequently, "free" bales. cen¬ use of gas has been espe¬ cially productive during the past year and gas appliances and equip¬ 93 ex-interest. Reports 1948 Decline heating units of this type were sold. Research in domestic and 92% sale, lot page shipped in 1947. In areas where natural gas is distributed space heaters generally constitute the home heating units and last year more 91 100% 59% Industry Advances areas. 97 58 % ___1967 4s debentures heating 102 61% deposit—— Electric tral 102 60% deposit cf Wisconsin many 101 101 59 _1970 —— B Wisconsin Gas 101 101% 57% 4s__1949 Superior & Duluth Div 1st 4s a 100% 100'/a - -1992 3 Vis ser series S Central Elec 101% 102 99% 108% 2361 guaranteed Gen & ref 2%s series A 2%s 107 % 2361 1st Wheeling <fc L Erie 1st Yonkers 100% 99% 97% debentures—1973 Registered Wisconsin 100% 100 101% 101 99% 99% 98% 98% 90% 101% 99 100 "■ 1st 107 107% 100% Wilson 107 101% 98% Wheeling 98 106 107 108 % 87% Shore 106% 103 % 101% West 107% 53 100 % 96% 98 107% 98 100% 97% convertible 106% 107 51% — 101 97% - 106% — 100 % 99% 2.65r!c — 99% 88% 1971 ; — 98% 91% 106 99% 80% debentures 54% 98% 98 89% 105 99% 109 98 -I960 2%s 53% 98 90% 106 100 Vi 107% 98% 100 Westinghouse Elec & Mfg 2VaS—__1951 v 54 98 89% 104 99% 109 99% 100 95 -1951 5s 108% 106% —1952 gen 5s 106 107% 106% mtge 4Vis A.2014 West Union Tele fund & R E 4%s_1950 Gold 92 105 Va 106% 98 — , 108% 1967 90% 106 98 105% 54% Washington Terminal— 1st mtge 2%s 103 105 51 106 upward peak for Thereafter the and year a operations. of values months The during of betterment the closing the 'year reflected the they again sustaining influence of the sharply until;about the middle of re¬ curtailment of domestic govern¬ ment 1948 loan program, and the August, and, after mov¬ rapid pace at which growers were horizontally for about two federalizing their cotton. months, subsequently turned mod¬ With respect to the outlook ing . for erately firmer. Prices for the the present calendar it year, is staple, as represented by the quo¬ generally believed that domestic 14,937,000 falling off in con¬ equivalent 500-lb. gross weight tation for basis Middling 15/16" consumption of the cooking equipment, vastly short¬ staple may sumption reflected, in part, a fur¬ bales, as compared with a produc¬ spot cotton at New ened cooking time for foods. Kiln York, fluc¬ show some further contraction ther switching of looms from tion the previous year of 11,857,- tuated over a drying by gas has speeded the range of 811 points from the 1948 heavier weight to lighter weight 000. The level, but that ex¬ increase in the outturn flow of lumber to aid in over¬ during 1948, between a high of port shipments may prove to be in coming the housing shortage. New fabrics, and, to a greater degree, last year over that of the year rated in domestic and commercial The moderate pre¬ industrial have applications rendered obsolete of gas some of the former ing, in techniques for anneal¬ hardening and paint drying the automotive and other in¬ dustries. j: at The an industry has continued pace its great of promotion, advertis¬ gas ing and research and more pronounced decline in exports of cotton States. textiles by Meanwhile, the United the fact that exports of the staple showed only a 'accelerated program a small decline from the level of the in year large previous was measure to of the Economic than attributed the institution vious in was the due both to increase an planted acreage, from 21,- 500,000 to 23,372,000 acres, and increase from in 267.3 the to yield 3.11.5 per increase in the yield per Cooperation Act, ditions that had prevailed cents per dar year of an over acre, high pounds. "The acre flected the favorable weather 39.63 re¬ con¬ through¬ pound and of 31.52 cents. a low 1947 they had moved range of 933 of 40.18 30.85 cents. a better During the calen¬ last cents points, from to a low a of The average price for point that 1947 average of the 1948.) to the case Meanwhile, with price outlook, trade is inclined to withhold pared the in regard ment with was (ECA did not get un¬ derway until about the half-way 1948 stood at 34.66 cents, as com¬ 35.14 cents. volume' than year. pending is com¬ developments. known definitely the at All the moment is that present law sets $1,600,000 a year has been pledged perhaps better known as the Mar¬ out most of the growing and har¬ The initial easiness of prices the 1949-crop Federal loan rate by contributing members of the shall Plan. It is generally agreed vesting periods,. during the year just ended reflect¬ at 90% of the American Gas Association to that if it had not been for our parity price that will gov¬ As of Dec. 31, 1948, the stock of ed uncertainty over the final out¬ be in effect as of Aug. 1 next. carry on these activities for the ernment's If, as foreign-aid program, all cottons in all hands in next three years. this come of the Marshall Today, the gas Plan, talk of is thought probable in some quar¬ our export trade in the staple country is estimated at industry is united, more than ever 12,792,000 a devaluation of foreign curren¬ ters, parity by Aug. 1 next should before, in all of its endeavors. would undoubtedly have shown a running bales, as compared with cies, continued delays in the Japa¬ decline to around This unity Which has 29.500, from its accomplished much more pronounced drop. It a stock of 9,639,000 bales a year nese purchasing so much in the fields of produc¬ program, and the present level of 30.630, a was recalled that with the institu¬ 1949-crop previous. However, of the total various proposals that were tion,, sales and service in the past being average government loan rate on tion of EGA, the payment rate stock at the end of 1948 of year will most certainly guide the 12,792,- made for controlling inflation. The basis middling 15/16" cotton of under the Cotton Sales for Export 000 gas utility bales, an estimated 4,000,000 subsequent advance in industry to even greater achievements in the years Program to come. cant was reduced to insignifi¬ proportions. At the present the market bales were government, in the hands practically of the all of was attributed to the announce¬ ment of the allocation of interim- about 28.500 in prospect. rate on per pound would be The comparable loan the 1948 crop is 30.740. : 24 THE COMMERCIAL (372) OF COURSE (Compiled Treasury sales from the at New 27/sS 1955-1950 Exchange. Stock after decimal Quotations FOR 1948 THE YEAR point represent one or 32ds more Treasury 2 Va s Treasury Treasury 2 Va s Treasury 2'/2s June 1962-1967 1963-1963 1964-1969 1964-1969 Treasury 2 '/a s 2'/aS Dec. 1952-1954 1949-1953 point) of Treasury 2»/2s 2VaS 3s SECURITIES GOVERNMENT OF York Treasury Treasury 1951-1955 January- PRICES made Thursday, January 20, 1949 CHRONICLE FINANCIAL & . - Treasury 2'/as 2'/aS June 1965-1970 1966-1971 1967-1972 Treasury 100.10 101.11 J-.OW 100.23 100.10 101.11 _ Close 100.23 100.25 100.25 100.23 100.10 101.11 ___ High 100.25 101.11 Opening 100.25 100.23 100.10 FebruaryOpening 102.22 ___ 102.22 High 102.22 Low Close 102.22 ; March— 100.8 100.24 107.20 105.23 Opening 105.23 107.30 100.24 Low 105.23 107.20 Close 105.23 107.30 100.24 100.10 100.24 High ___ ___ 100.8 100.10 — April— 100.14 100.25 Opening High __ 100.25 100.14 . —.. 100.25 Low 100.25 100.14 ___ — ______ Close May- Opening 101.7 108.28 100.27 101.7 108.14 _. High Low 100.14 100.27 101.7 100.27 101.7 100.27 101.19 101.12 100.26 108.14 108.28 Close June- Opening High 101.19 101.12 100.26 101.19 Close 101.12 101.19 Low 101.12 100.26 100.26 July— 100.3 Opening . High 100.8 • _T_ 100.8 Low 100.8 Close August— 100.8 Opening High 100.8 — ___ 100.3 Low____ v Close ' September— Opening 105.1 107.4 102.23 101.7 100.24 100.23 100.24 105.1 107.4 102.23 101.7 100.24 100.23 100.23 100.16 105.1 107.4 102.23 101.7 100.24 100.23 100.24 100.16 Close 105.1 107.4 102.23 101.7 100.24 100.23 100.23 100.8 100.16 High __— Low —__i /,... 100.16 October- 100.7 *101.18 *101.18 100.7 100.23 100.7 *101.18 High 100.23 *101.18 Opening 100.23 100.23 100.7 ____ ___- Low Close _ November— 100.10 107.22 Opening High __ 100.10 107.22 107.22 Low 100.10 107.22 100.10 ____ Close — Decern 108.2 Opening High - Close . .. . ; , v 103.4 • ■ T- "...: vr : 100.26 ___ v; " ' _ 100.26 ' 100.26 101.18 Treasury 2»as Dec. 1967-1972 Treasury, ~ 1956-1959 Treasury Treasury - 2*4sJune 2y4s •\ 100.26 A-';'" Treasury Treasury 1967-1972 Janua 'mm—.'' ' 10118 101.18 2 '/as Sept. ; 101.18 . 108.4 108.2 Low 2*4s.Dec. 1959-1962s 1959-1962 : . ' v . High Low 100.10 2s Sept. 1949-1951 Treasury 2s Mar. Treasury 2s 1950-1952 1951-1953 101.12 2s June- 1952-1954 Treasury 2s Dee. 1952-1954 Treasury l'/as 1950 101.16 100.5 101.12 101.16 100.5 — Treasury 101.16 101.12 100.5 ___ 100.8 100.9 Close 101.12 101.16 — * February— High 100.2 100.8 Opening Low - —— _____ Treasury 100.5 "" • 100.8 Opening 2s Mar. 1948-1950 —^__—______ * 100.8 100.8 100.2 ___ ' 100.8 — 100.2 — — — — March— *101.29 __— 100.12 Low ■ Close .«'■ 100.12 100.12 : 100 100 100 100 101.11 100 100 *101.29 *101.29 . High 100 *101.29 100.12 Opening — _____ ______—, Close 100.2 ... —— _______ 100 ___ 101.13 _ 101.11 101.13 — — ' April- 101.10 100.10 Opening —_____ 100.14 High — —— • Low __________—;—.. —\ .y ; 100.16 101.14 100.16 101.10 — 101.14 100.16 , May102.26 100.16 100.20 100.16 100.3 102.26 —— — Close 100.20 100.3 V. — - , 101.15 101.26 — 101.15 101.26 i 101.15 101.26 100.4 102.26 _____ High 101.26 100.4 102.26 Opening Low 100.16 101.14 101.10 ___ ■ v.V. 100.11 Close 101.14 101.10 ' ■ 100.9 101.15 June— 100.23 Opening 100.16 100.23 — High 100.16 100.13 100.8 " How — 100.8 Close July- 100.12 100.2 101.17 101.18 101.19 100.11 102.13 100.2 101.17 101.18 101.19 100.14 100.10 102.13 100 101.17 101.18 101.19 100.11 100.10 102.13 100 101.17 101.18 101.19 100.13 100.8 101.19 —-- _____ Close 102.13 100.12 Opening High Low 100.13 f —.— August— Opening , _____ 101.3 101.3 100.8 101.3 101.3 101.14 100.2 100.31 100.31 100.30 101.14 100.2 100.31 100.31 100.30 100.8 101.14 100 100.31 100.31 100.30 100.8 101.14 100 100.31 100.31 100.30 —-—■ Close 101.19 100.8 Low 101.19 100.8 — 101.19 100.8 100.3 High —• September— Opening High —-— Low Close ---------- October- 100.21 100.9 Opening 1 — 100.7 100.21 100.3 Close 100.7 100.21 100.7 Low 100.7 100.21 100.10 High 100.7 —— —— November— 100.2 100 Opening 100.11 100.2 100 High 100.9 100.2* 100 100.11 100.2 100 100.9 Low :— Close —— December— High 101.7 100.11 100 — 100.11 100 ——-r-—-—- 100.11 100 101.7 100 101.7 Opening 100.11 101.7 Close *Odd tjotf NOTE course 9°/ £ lot due 1953-1955 due transaction selling The ine of tabulation laumauim the year. 1950-1952 shown W DTP OR occurred during 1948 are as due 1952-1955, 2V4s due 19o4- bonds reached their maturity during the year: the l%s due 1948 1948-1950 and the 23As due 1948-1951, both were called on March TWO March 15 outside of the year's range. above is not a record of all the Treasury Bonds listed on the Big follows: Board. riiirinff 1QAR The issues still listed and in which no dealings 2"2s due 1956-1958, 2'As due 1951-1953. 2V4s being paid ™ 15 at par